Newspaper Page Text
TlfE ATLANTA GEORGIAN.
mtBBAT. JTT.Y 1", tin,
11
FDITED BY ( i■ _ — . **N \fr. Lively'* 3* years* eiperlenra !
I joseph b.l,ve4 THE GEORGIAN’S RECORD OF MARKETS AND FINANCE £%£■££• = j
J
fEEKLlf REPORT
MUM BULLISH
SMALL ADVANCE FOLLOWED
ITS PUBLICATION.
Shorts Getting Nervous and Show
ing Disposition to
Cover.
Tbe cotton market for futures showed ft
aught Improvement today, though up to
n ‘ •••; t :■ Ivan.-** wn* email.
The’weekly government report wan con-
Mrssd •> of bullish avers*e, In that night*
wire cool and days hot In some sortW»<h.
while In other too much moisture Is report-
#1 On Its publication some covering took
Sue# but ft was found that very little
Mtton was for sale, nnd an advance of
Sue i or I points was easily brought
•*£--de | a Ter y dull, however, and until
bins definite occurs to Induce tho out*
ids to make ventures this cc;;Ju!on Is
CielT to continue.
A crop disaster would be frtvorahlo fo
sjgber prices. It in not likely w« will
hare any serious crop disaster, but It Is
decided deterioration could take
Mice, and as we are entering the most
critical period for tho crop. It Is highly
irobsble we will hare somo crop sou res
a the oMr future.
Tie New York Uoinmerclftl says:
"There Is quite a heavy long Interest out
la this market—larger perhaps than Is
gtBsrallr believed—ond this Interest Is
srtjloi for weather nnd weevil to let It
sat. fa the face of tho fact that tho
wither has been so favorable for so long
ft Is surprising that a more determined el-
fort has uot been made to force theso longs
to cover; the bears, however, seem con
test to sit back nnd allow the weather
to gradually force prices down. If there
u to be no bad weather at all from this
tlms on there con he no doubt, of n»urm*.
that some day the bulls will have to get
*ot, sod that they will then break the
ntrket hv the liquidation: on the other
kind, a spell of bad weather and plenty
tf weevil talk might let then, out wit him t
forcing a break. The feature of the sit*
Mtlon continues to be the fact that com
plaints from the belt are few nnd for be*
hrteo, and most of the crop reports aro
aost glowing.”
SPOT COTTON MARKET.
•r.‘
NEWS AND GOSSIPv
Of the Fleecy Staple.
Private Wlro to Wore ft Lelond.
New York, July-1<\—Cotton opened n
nnd steady with commission b6u*es fig!
•ellera and locals also disposed to sell
noMf'i Wilson just offered 5.000 AueusL .TENDENCY WAS TO SAG DUR-
Llvrrpool cables: •'Narrow market; crop ING FIRST HOUR.
Private telegram from Taylor, Tex., July
9 Bays: "Hoavy general rains over this
section: no worms or weevil coraDlalnts.
Crop prospects nre excellent/'
Look for continuation of Irregular market
with spasmodic advances due to shorts
covering, though sustained advances
hot to be expected at this time.
New Orleans, July 10.—The weather map
Is favorable. No rain la reported In **•-
Atlantic, but ahowera are reported In
western belt, where they will do good.
^Liverpool was due unchanged to 1 up
New Orleans and unchanged on New York.
It would be a bullish market if it w
for the small spot aalea.
The net atock of cotton In New Orleans
Is 34.505 bales, against 49.314 at this time
last year. The amount of cotton on ship-
ra Is 12.G44 bales, against 15,061 last year.
so far advanced nnd so heavily frul.. ...
pickers will soon bo In greater demand than
evpr before.
New York—Quiet, 10.80.
LIVERPOOL COTTON MARKET.
•pot.
rornnnl
!j deini
uplands us;
100: speculation nnd export 2,000; receipts
H W; American 8,700.
futures opened quiet nnd steady.
Opening Previous
Itnnge. Close. Close.
July f..M-5.R2 6.83 5.10
July-August. . . ,6.76-5.77 5.78J.79 5.75
August-Sept. . . ,6.69-6.70 6.71 6.68
8ept.-Oct. 8.81-6.63 6.64 6.60
Oct.-Nov 1.67-5.59 6.80 f, M
Nov.-Dee 5.68-5.5K 6.59 6.65
Dec.-Jan 1.68 6.59 6.66
Jib.-Feb 5.57-5.59 6.91 6.66
Feb.-March... . - ^
lfirrh-Aprll. . .
Closed steady.
TODAY'8 PORT RECEIPTS.
INTERIOR MOVEMENT.
Oacfnoitl **.‘*.7****^
*260
GIBERT A CLAY’S
DAILY COTTON LETTER
Y«w Orl.tna, July 10.—Advices from
Liverpool ware more favorable to high
er prices than has recently been the
and options on the close recorded
* * a n . 4 points, while spot sales
maintained the average recently cstab-
*'points lameIy * 6,000 at a loaa of
Price changes In the local market
"• re unimportant, but the tendency
LIf.v pwt ™ * n anticipation of a bullish
weather report for the week, which,
nowever, being about ft« expected, fall-
J? to Influence market prices. Even
ii! a i? €nc# of rain in the Atlantlcs,
•wording to todays map, likewise fail-
JJ„*° ca u«e any bear activity. This
;;i ura ,°f the market to respond to
I™? v,t *l influences Is primarily due
L; 11 * ••ctedlngly small proportion® to
W ph outside interests have fallen.
Lrop accounts heretofore have been,
“ * h***. very flattering, but from
localities reports are now being
wtvtd denoting less confidence, re-
Ef ot an a *cess of molnture in some
renewal of boll weevil
ImmIL .w tn western localities constl-
JL, 5 complaints. The crop’s crit-
ELm** 0 * t« at hand, and the closest
of Its progress will be ob-
rr' e< J. An Increasing of interests Is
»Iv*2 n ? pendln E •* «*• new cotton
tUnlf. . a PP«arance, and we are In-
krU/ t0 * or a corresponding en-
jjy«ment of speculative activity in
«« near future.
T ork * Jul >' !©•—a small nar-
tlr»j l ni lL!ff t Prevailed today almost en-
IrtiJU "Rhotlt feature, unless the de-
riderut {“ter-Metropolltan was con-
•horrjl' ^? ea€ * asues broko rather
P r ® M ure, which was not
Bai ?**• trading in the prlncl-
llJL t»»ues was os strong
^ Wthough restricted in volume to
xtenl not experienced for many
■■■■ . The Journal of Com
mores says: "Buying for the first of the
woek started In fair proportions yesterday,
First bands generally iflsplay more confi
dence In tho expectation or a good six
months trade now that inventory periods
have shown a healthy condition among sec
ond hands.
• "Requirements for Immediate consumption
keep n number of buyers of staple rutton
busy In tlm primary markets looking
snot goods, and even though there Is
slight lull from the active operations
the past two or three weeks. It Is not
believed that buvera have covered their
wants any further ahead than August nnd
within a short period will ugaln bo forced
Into the market.”
New Orleans, July 10.—The bale new cot
ton was sold nt auction yesterday for 48c
per pound. It was from Brownsville, Tex.,
and was bfd In by W. P. Brown. The pro
ceeds, as well os the amount raised by
tho pool, will be turned over to tho charity
hospital.
Kutaw, Ala., wires a
rain last night; did pot
come too toon. 1
Central Texna wlrea: “New complaint
(toll weerll from reliable people coming
Damp, cloudy weather prevails."
A frloail wires from north Louis!ana
"Have been teaming through Arkansas ant
Louisiana. Cotton generally lino; stand*
excellent; acreage Increased and the pros-
peets are of general comment. Corn crops
also fine; if pans oat all will be satisfied.”
the eastern belt dry. Opening prices should
show the Influenco of such excellent con
illtlons.
The western forecast Indicates showers
throughout the section tonight and Wednes
day.
'i be eastern forecast indicates fair weath
er for the Corollnaa tonight and WedneS'
day; for the balanco of the section portly
cloudy weather with occasional and local
with a preference! ■
the reactions, which will give moderate
returns to active and alert operators.
The money situation Is still reported
as being Improved, and we see no rea
son for believing that the market will
meet any amount of liquidation at
present levels under oxlttlng drcum-i
stances, so that any feature develop
ing calculated to stimulate nervousness
on the part of-the bears would ba like
ly to bring about an advance of sev
eral points, where some stock would
undoubtedly be met. Several asso-i
elated Standard OH houses recommend
purchases of good stock* on recessions.
Intimating to clients that insaMjMMggjJ
will take place In the not
I Lure. Conservatism will repay thel
dally trader.
weeks past. The action In the market
In the afternoon Immediately after the
government report was disappointing
and gave no Indication of support, and.
In fact. It would seem almost se lf
the market had been sold heavily
against since Saturday. It would ap
pear almost sure that In today's break
n sterling gold imports will follow,
and that money will continue fairly
plentiful, but there Is no pr^ent evi
dence of achange of sentiment .from
that which prevailed about the time
congress adjourned, and the market
will require some strong leadership
to reinstate confidence.
GIBCRT & CLAY
^ ALABAMA ST. COTToIi, o»A?n! ATLAWTA.OA.
come. PROVISION*
*Lrt.irAlS»w Or!»n« r’otlon EBUHltMl*
LtggsiiEslibIrEBSsssi c cis*Ts2s
Lsc * 1 And Long DI,Un«. T.l'.ph.nV 52M.' Elch * c ^ R. FAGAN, Maria,.*
WERE VERY SMALL
RANGE OF NEW YORK STOCK MARKET
Hugitr Hi-tlnlnj;
Early Declines Ran as High
as One to Two
Points.
By Private Leased Wire.
New York, July 10.—Barely any
thing worth recording happened In to
day’s early market. The only feature
at all was a further contraction in tho
volume of business, the total transac-
tlons fulling t-* the lowest ebb In u long
while. The reason for this was easily
apparent. There was no selling of con
sequence, neither was there any buy
ing, and those opposing characteristics
were so plainly stamped upon the deal
ings that even the professional traders
abandoned the market In disgust.
Prices vacillated between strength and
weakness without any real movement
•ftUter way. Ill the llrM half bittf a
feeble effort was made to get stocks
down, but as has been the case for
several days, no liquidation was
brought out, and when the early sellers
tried to recover tho stocks sold quota
tions went back to where they had
come from.
Tho stock market opened dull and
Irregular with the initial quotations
showing small fractional fluctuations
In cither direction, the changes rang
ing from 1-3 to 1-2 per cent. Reading
opened 1-4 higher, Great Northern and
Northern Pacific up 1-2.
After tho opening trading the mar
ket turned woak all around.
New York, July 10, 11 a. m.—Tho
market during the first hour was sag
ging without significance or Impor
tance to the price movements. The
dullness, although natural for the sea
son of the year, was regarded with
dissatisfaction by the room traders,
who found It hard to cause enough Im
pression on v.aluea to allow them to
make fair profits. After they had sold
stocks early, causing declines of 1 to
2 points, moderate buying by them
selves caused a general recovery. Lon
don was as dull as New York nnd arbi
trage brokers ceased cabling soon after
the opening, saying there was no op
portunity for them to trade.
America
mS:::
GOVERNMENT WEEKLY
REPORT OF WEATHER
Alabama—(Montgomery) Moderate tem
peratures prevailed. The first half of the
week was fair with ample sunshine. The
second half was partly cloudy to cloudy,
with showers in eastern counties nnd rain
fall heavy to excessive st a few widely
scattered points. Haiti is needed over the
western half of state.
Arkansas—(Little Hock) The days were
moderately warm and the night* mostly
cool and unfavorable, the mean temperature
being below normal, nenefldal showers
occurred except*In southwestern portions.[
where more rain Is needed. The rainfall
was considerably below normal, except In
[Menroe and 8t. Francis counties, where It
vsa above normal.
P Georgian Atlanta) The weather was
pleasant with temperature slightly below
normal. Showers wore general on the 3d.
4th and 8th; In the northern half of tlio
state on the 6th ond 7th. There is ample
moisture, most districts receiving rainfalls
eX Norfh n l'nrolina’—(Helelgh) The precipita
tion wns much above the normal. Fre
quent rains, excessive in eastern nnd cen
tral districts, reused considerable dumnge.
do preferred
Atchison
do preferred
American Cotton Oil
Itiil 11 more it lid Ohio
HrooUyn Rapid Tri
<';iundidn J’dclrlc
Chicago nnd Northwestern.
Chesapeake nnd Ohio
Colorado Fuel mul Iron
Central leather
do preferred
Chicago and Great Western........
Chlcngo, Milwaukee and 8t. Caul.
Delaware and Hudson
Distiller's Hecurltles
do "preferred
General Ktectrlc
Illinois Central
American Ice Securities
Louisville and Nashville...,
Mexican Central
Missouri I'd cl !)<■
Now York. Ontario and Western.
National Lend
Northern I’nelfte
New York Central
Norfolk nnd Western
I'ennsrlvanla
Feoplrs (in*........,
Dressed Steel car
do. preferred..,
Pacific Mall
Republic Hteoi
Hock Island
do. preferred...
United Plate* Rubber
do. preferred...
Southern Pacific
Southern Hallway....
do. preferred
Sloss Pbeffleld I
Tennessee Coil nnd Iron
Texas nnd Pacific
Union Pacific
United State* Steel,...
do. preferred
Virginia-Carolina Chemical
do. preferred *
Wnttfo Union...
Wabash
do. preferred
WIsconMii Central......
do. preferred
RANGE OF THE COTTON MARKET
AT NEW YORK.
i'io.m mil mn mu-:. 10.17-n
i kv.' .Vii OT nu2 me »•«-«
Jan. .10 87 10.60 in.37 10.60 10.49-60 10.!“
Fe?>. !f0.48 10.46 10.4A 10.48 UM-63 10.:
Mrh. .1446 10,59 10.46 10.69 10.6S-69 10.
Closed firm.
TIPS FLASHED
From Wall Street.
•V
fed.
WARE A LELANC'S DAILY
COTTON LETTER
New York, July 10.—‘The weekly weather
‘ *- • rpgpectg f fl .
much added
rains In Tcxns. nnd while some sections of
tho Atlantic state* show too much ruin,
thero it warm clear weather there
‘ * I* in good condition.
Inc really unfavorable In the
There was practically no sec-
„ . _ damnge. When compared
with the usual weekly at this soason of
the year, the report was exceedingly favor
able. But tho market failed to move In
either direction. Tho short selling early
In the day had been sufficiently extensive
to lend professionals to cover on the ad
vance, and this started on advance of
several point*. A large amount of cotton
wn* takeu from tho mnrkot early, nnd
when tbs buy ‘
tie cotton for 1
about <Kf7 r*oln. -
and this led to absence
Hire to sell. A* far ns cron nows went,
report* were generally nil that could be
desired. Until some ufctowf ^
is seen, the market la likely to continue So«s.**^n»* tempersturo was about nor
narrow. There I* little pressure st tbs mo- ran j j,j southern portions ond below In
homo) Cool northern winds prevnl
occasional scattored showers. Th** rainfall
was deficient In central and southern por-
Kouth Carolina—(Columbia) The sunshine
nnd temperatures wore below normal. The
precipitation was slightly above normal,
separated localities receiving ex-
* rainfall, while over small areas tho
rainfall was below tho average. All sec**
on with general auu **«*•, nuito nvirr
heavy In some locnlltle*. Light scattored
• --- - ■— .. —. ,— - ahowera occurred at the close of the*woek,
desired. Until some untoward development Jut rainXu ‘ WM deficient In most soe
meat.
New York, July 10.—Tho stock mar
ket was r dull. Irregular and uninter
esting affair this afternoon, following
some little activity, but within frac
tional limits during the morning trad
ing. Tho operations of tho room crowd
aeemed to predominate, and tho large
Interests remained Inactive. The dis
position to await the crop report was
manifest, while the attendance In the
street was perceptibly curtailed by the
dullness. The outlook favors a main
_.jrat wi.- —_ .
of the week was cloudy, a few heavy
showers occurring, but rainfall was gen
erally light nud scattered. Rnln Is needed
‘n ninny localities.
TcxaK—fGalveston) The week was gener-
llT cloudy and unmuilj cool In WMt.ro
.oS r.orthwMtw coontlc.. .bower, wriV-
ting I. ncrly .11 cpontlc*. ralatali btilg
hcry Id IUu Onwd. rtllcy ind It
tril .nd •outhw.it.m Mctf.nt. ond
.rally b.low th. irmx« er«.wh»r..
r.ra thnodM.tormi occorard on Monday
TESs*„,
cool with loci .howera amorally ll*ht.
liut hmry In a tnr In.Uncc. and of-
fardel nfftdrat mnUtnro, » • rule. In
Mitccn nnd northcro MCtlon, Th. wMt
.rn nnd Kmthcrn portion, of th. .ut. *en-
erally .« Tery dry.
FAVORABLE WEATHER
CAUSED THE DECLINE
New York, July 10.— 1 The Bon says: _
small decline was the result more of gen
erally favorable weather than anything else.
Tbs liquidation nnd short selling, how
ever, were small. Local operator* who sold
early covered before the cUwe on finding
that the market, though anything bnhjag-
grenrively strong, showed ft certain power
of resists nee. Spot market* were firm,
spinners’ takings are large all over the
world, and h**nvy rains have again visit-
sd Georgia, where they aro certainly not
wanted, if tber? Is any truth at all fn the
reports that the crop In that state Is pretty
badly In the grass. Liverpool bought De-
mber to some extent. Lending bulls nre
_ld to have bought October nnd sold De
cember, A commission bouse here la re-
' hs about to ship 8,<»i to IS,-
New Orleans to deliver on July
rostracts. It le .a wolfing market. The
crop I* believed to be doing well, but even
the more esnguine beer*, feering that some
thing or other may happen to It during
July or Anfost, are, therefore, not Incttsea
to take the aggreselvs St tho present
time."—Gibert Jc Clay.
erst; "Yesterday's asfton Miwj
There was very little evidence of life
rl:-re. The ruumre.| ehlpment of July
tenders to New Orleans from New York
was Sot a reassuring outlook for local
July lonr*. The situation is undergoing no
cfassge of consequence, other than that oc-j
Private Wire to Gibert & Clay.
New York, July 10.—Daniel Odell ft Cat
"We do not feul Justified in taking any
position other than that this Is a trading
market with a tendency toward specialty
and Irregular Improvement, and that it
should be bought for turns, at least on all
reactions with the Individual positions fol
lowed closely to bo In accord with pro
fessional operations which constitute the
best guide now."
UilfklU. Spadar A Co.: -Jo n!mo,t total
lack of news, which could be of market
infltience this morning, Is a feature of the
news columns and comment. It would ap
pear that between the boavluose of Lon
don and discussions of the monetary elt-
oatlon. yoeterdeye market bees in o a dis
appointment to Interests working for en
odvnnce, and tha absence of outside sup
port became too obvious to be disregarded.
The bunko hnr. loit *1.»S,M0 throoib «ub-
trenourr operalIon* sinew Friday. I he re
mark* attributed to lit. l«W«ln Tbs
Herald this morning reflect tho attitude of
thpso interests ns far as can bo Judged
frmn stock mnrkot trading for some time
past, ond also the attitude of many other
leading groups, ir wo are to Judge by the
action of the market stone. The question
now Is. are fundamentals strong enough to
offset the Influence* •OffeeUKT. nfi how
Jong will It take to wear off the effect of
this invasion of confidence?
Uptown sentiment: In epite of the flfOf*
nblo business conditions throughout tho
country nnd the prospect of nt least aver
age crups. men who arc wstchlnrOm mar
ket closely hero nre Inclined to bollove
that It will bo sttractDe only to rnclera
for some little tlms. While It Is still pre
dicted that prices are going jsry much
lower, to. pr.ralllnl *■ kn 11 ' *•>-
fluctnatloni will not bo wide In *ltb«r
direction, nnd tlmt unl-M Igrijl *
verse factor develops, the tendency will
bo toward gradual improvement.
Private Wire to Wars ft
New York. July lO.-Ixrodon firm.
AT NEW ORLEAN8.
The followings Is tho raugo In cotton
futures tn New Orleans today:
Lost ♦ Previous
July S®* li®
Aug. .10.67 10.66
Kept .10.45 10.45
Oct. .10.21 10.35
Nov i
Dec, .10.21 10.37
Jnn. .10.81 JO.40
Feb * ..... ..... ..... iy.<
Mch. .10.48 10.62 10.43 10.62 10.1
Closed steady,
Low* Hale. CI<
10.97 1L&JM
10.67 10.65 MM
10.45 10.45
10.22 lass 10.:
|
COTTON 8EEP OIL MARKET.
New York. July 10.—The market for cot
ton seed oil was quiet the curly
trading yesterday, with some strength In
Jaly, which showed an advance of Vic
from last week. Tho iato positions
nbont unchanged with tho undertone firm.
There seemed to be very little spot oil
offered. The demand for export showed
somo Improvement and the strength in lard
had a stimulating effect, bnt some traders
still bold a bearish view of tho situation
on account of the favorable prospoote for
the cotton crop. The market at the close
higher.—Wars ft
Onenln
July
Amo*. •••;
Keptember
October ..
November ............... __ I
December 31%t
Closed steady.
Close.
THE METAL MARKET.
.few York. July la—At the metal ex
change copper wn* reduced lit th* n*k
Ing pries for electrolytic. Other grades
unchanged.
Tin dowu He further for spot and nearby
deliveries.
Lead and spelter unchanged.
NEW YORK COFFEE MARKET.
Oorernment report thin m
4 to b. bulllib on itockl.
afternoon npnet
rro.i r.pr,MntatlT. 8L Pnol ben mMl.
a fW.000,000 loan In TarH.
Sentiment aomrwti.t mixed, tnnrk.t
hlobtr protaMlonnl. bnt wb.n.r.r bra*k.
tako plaro would favor Uklni on tb- icwd
atorka for 1 or f polnta torn, w.a tlijr In-
trroat. Hr. aaaumlni; . paaalTO InUroat
only, hut will un-Joubtrdty ntend aupport
abould bear praatora become too pro-
nouncod.
Vl.comt. Henri Mario de Andre*, a
balloon enthualaat from Parln. who la
(ravelins In thin country, haa Idea,
about draastnff. Ho holda that in a few
yeara men will bo wearln* brisht-eol-
rir.d evcnlns cloth... Ho haa b««un
tho reformation by appearing In gray
or brown after * o'clock.
Opening, firming.
January ».« C7» <VWHTn
r.brunry *70-8 so
March ,.M«i
iC S;S.1:S
Juno 7.00-7.10
August $.25
September 1.19-8.38
October 6.40 6 46
November ................ 6.45-6.65
December 6.664.60
Closed steady.
6.7'j 6.76
6.804.86
« sr. •; \> <
9.90-8.96
6 2>j 6 26
6.26 6 30
•; 31
6.40-6.45
8.45460
6.654.60
SOUTHERN EXCHAN6E
Oldest Established Office South.
C0TT0H-— ITOCIS BONDS - GRAIN
Ground Floor Gould Building. Dolly
market letter and market manual
mailed on application.
NOTES ON GRAIN
Pointers on Provisions.
IlSpSlIf ft Letond.
Chicago. Jnljr ift—Cash *«!••* of wheat
br the country jeeterdny totalled about
2400,009 bushels. One prominent concern
bought mon* wheat on bids yesterday than
ever before tn Its experience, 'I he decline
of 5<* per bushel. Instead or cheeking the
offerings. It Increasing them. Speculators
will be unable to support prices until we
get to an export basis, or uulcse tho north
west develops a crop scare.
Corn aupport Is confined to local traders.
Tltli nrcscat outlook It
to bo Dulling May nt 50c.
export houses claimed lust night that bid
on both hard winter nnd soft winter wt
I were about lHe below sellers' views,
rains In the southwest having caused
chief owners of wheat to withdraw
pressure to some extent. These export H
however, believed that flour wns being
stf-ndlh worked for export, an freight i ni>
gave tho flour miller u distinct
m'Oca of the hugest buy
'ntry shipper* y
OPENER STEADY
TO SHADE STRONGER
ORDERS TO BUY GAME FROM
ALL DIRECTIONS.
Irnntngc.
»h wheat
Bets that Chl-
from
rago will receive’more 'wheat tbli
than In any previous July In Its
Another large buyer here predicted that
there would bo as high as 600 cars here
tine day next week.
"President James Pettltt, of the Pesvy
Grain Company, had reports from tbr
nerthweet that there was nothing of ni
unfavorable sort that would affect general
results In that section; alio from Wintilpeg
that crop condltlous could hardly bo
tlnucs
I»« tiepr
moverne . . _
Reposed to hold off i
portor*
dine continues,
steady prices would
to be n lionltliy one; and buyers wouTd
doubtcdly take hold freely.)
\ nttii* bull _ ..
mow tho eltastlou now
l\(
. _ — ___ gov am
crop report Is aas nt l o’clock Chicago time
“ ■ “ *' * sluing*
points
r _ r jnni ina 1 m i on our a
last month.
The first report on corn* this season will
9 given out. It la expected to all
condition betwoen 86.5 and 87, an
rengo of over 96,000,ooo; Last jmt the
million was 87.3. acreage 94,000,ooo and
•ran 2.544,000 hiudieli, which wn* Incrcaseil
!,7u9,009 buihel* in final return*, the con
dition Improving to N>.2 In October.
A report on farm reserves on whoat July
_ will bo made by tbs government this
afternoon. Last year It was 4.4 per Cent,
or 24.2J7.000 husUcla. Thle year tit la ox-
ported to bo 6.6 to 7 per cent. The former
will represent 46,000,0o0 '
tire figures:
June, Juno, Jut:
1906. 1906.
Winter wheat..83 86.6
Hprlng 93 93.7
busliele. Compnra
8J.7
384,000,000
Total crop.
Oats
89 92 9 92.1
Cash sales of wheat In Chicago were
65,00.) bushels. Including 46,000 bushels No.
** hard at 2c under July in store. 10.00Q
K . ._y it
bushels No. 1 northern at 2s
her In store and 10,000 No. 2 rod at 2c
over Heptember f. o. h.
Haks of corn were 100,000 bushels and
'to 80,000L A little export business In
wheat was closed in Duluth nnd Kansas
ritr, but the details were withheld.
The seaboard reported no business. ChJ|r-
tors were rnado for 200,000 corn at lVic to
Buffalo.
Russia will raise 700,000.000 busITels
of Minneapolis. It came In reply to so
Inquiry about the cron. Tho figures Indi
cate a loss of 44,000,000 bushels from last
j ear.
GOVERNMENT REPORT ON GRAIN
Condition of winter qrlieat 86.6: last year
Due to Dry Weather, Light Re
ceipts and Better
Cables.
By Prlrat, r.ro.M Wlrn.
Chlrnffo, July 10.—The government
July report Indicate* a wlioat crop of
- 71 '. epilnir and <31,0i|o,000 win
ter or a total of TIO.OOO.OOO buehel,;
corn 2,405,000 and oate 814,000,000 bueh-
•I*.
Condition of nprlnit wheat woa Bt.4
and winter wheat 85.6.
Corn 87.5 and oatn 84.
A month ago .prime wheat waa os.4,
winter whent wn* 82.7 nnd oatn 86.
Wheat cloned l-4e6-Sc lower; corn
1.4<T8-8c lower, nnd oal* l-8c V>wer to
unchanged.
Provlslonn woro higher—pork 171-2®
20c, lord lOo and rib* Tl-Se.
Cnnlj eaten at Chicago, 10,000 No. 1
red winter whent at 8-4c over Septem
ber In .tore; 6.000 No. 2 hard, 25,000
com and 16,000 oate.
Logan & Bryan ealdi "It look* an If
the Northwoet wan shifting Ite nhort
September whoat over to December, ae
thnt portion haa bought September and
fold December wheat."
CHICAQO GRAIN MARKET.
The Chicago grain market ranged ■■ fob
Iowa today*
WHEAT-
July.
Sept.
W*
PSte ..
f'A'lS-
Jaly. ..
Hept. n
-Jt
:: Sg U
.. 60V4 6o4e
3
sS
JaTyT. 17.76
8®pt. . 17.234
Jan. .. 11.96
I'ORJC—
July. . 8.074 8.97H
8*
49H
*74
IS 50
it
16.65
17.424
14.974
dept. . 9.05
Oct. .. 9.10
HIDES—
July. . ......
|opt. . 9.474
o.i:
124
.174
17.76 18.60
17.224 lt.4T
14.95
8.96
U.f 41
9.10
%4
17.674
17.174
Oct..
9.474
9.624 9-55
Oats »4,‘ )sst year 911.*
THE 8UQAR MARKET.
• Private Leased Wire.
Cow York, July io — Local refined nnd raw
Uigur msrknts stnnfly ond tmehangsd. Lon-
don hast market steady; July 8s 44d, sn«l
THE DRY GOODS MARKET.
here In largo numbers, and their operations
will commence to ho notlccnhlq In a week
Lviy 'Ihlsh.n of tDo mark'd la
stronger to eorno extent, except coarse yarn
brown good* from 34 confs n yarcl
- >.274 9,2...
CAHH WnBAT-
No- 2 rod wheat 78«ft79: No. 3 rc«l 76449
If; No. 2 herd 7«iUrcf7S; No. 3 hard 7<ti.6:
No. 3 northern spring <94|t>s4.
NORTHWEST CARS.
give tho northwest
and last year:
l-eat Last
Today. Week. Year.
PRIMARY MOVEMENT.
The following figures gWu tho primary
movement of wheat ami corn today:
Whoat—Receipts 666,0u0 bushels, sgslnst
I65.W) last year: shipments, 629,006 bushels,
• gainst 272,000 laat year.
Corn—Receipt*. 64.1.bushel*, naslait
tc.tav) biialifda In at year; shipment'
■gainst 3IH.OOO last year.
l.00h
tCHICAGO CAR LOTS.
Today. Tomorrow,
LIVERPOOL GRAIN MARKET.
<i|)e*neu -'ll inwcr; i ®o p. m., nti«
innged to L lower; closed 4 to 4 lower,
i orn open**4i 4 lower; 1:30 p. m.. 4 to 4
ghor; closed 4 lower to 4 hlgnor.
tr*
ATLANTA NATIONAL BANK
ATLANTA. OA.
0. I. CURRIER, President. A. E. THORNTON
H. T. INMAN, Vlee-Pr«eld.nt. GEO. R. DONOVAN, CnhMf.
JAMES S. FLOYD, Au’t Ouhlv,
Capital 8500,000.00
Surplus and Undivided Profits $500,00*80
We Solicit Your Patronage.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 8R4IN
Cormpoi*it'< Cspltsl }250,000
RCrCNCMCC, THE NEAL BANK
PHONE I AIT. PftUOKNTIAL BLOG
cxm'ON^^Ai'ffi^R^ishi^Sm^^BONDS, 1
No. 2 Wall St.. Pat an Balldlag. Atlanta. 0a.
8(88(11:
CkUtf Itardaf Trada.
Ckltaf Ifetk lathaaga.
Haw Yark Catfaa fttkaaga.
f. C. CQTHKAH. Maiagar.
Standard Pkaa<
*1 by the approaching termination of
current manipulation, ttver most of the
belt favorable crop condition* obtain, trat
«*x«~e-**Ire met st* r* has rendered the re
mainder peculiarly seecvptfWe to weather
ftatnsge. However. *t tho moment the
magnitude of the trade interact la the new
matter* little, rurveat . •-
very nearly at a standstl
PIEDMONT BROKERAGE CO.,
(J.i corpora ted.) Basement Floor Piedmont Hotel.
•TOC lift. WO** Oft. GRAIN, PROVISIONft. INVKftTMCNTft,
Fast Wire Servloe from New York, New Orisons, Chicago.
COenCSPONOKNT ft
M. J. ftACE ft CO., 43 aSOADWAY, NEW VOftM.
10W. NOTH. Hanagtr. la<al and Lang Dntn:a •♦»/ Phont lift.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNT* INVITED
Wo invite accounts of individuals, corporation?, banks
and bankers nnd offer tho best terms consistent with
conservative banking.