Newspaper Page Text
THE ATLANTA GEORGIAN.
■rfrPNr.'nAY. jrr.r n. tore.
EDITED BY \ i ■ .« _ __ , "Nllr. IJr.lj', * 7»"r*' .Tp.rt.are ;
j joseph B .l,vely[ THE GEORGIAN’S RECORD OF MARKETS AND FINANCE EHHS; |
SLIGHTLY BETTER
SOME UNFAVORABLE
CROP REPORTS.
Liverpool Advices Were Also En
couraging— Improvement
Later Lost.
r«r a law ullnalMi thl« mornlnu. tho New
r«rk eotlon uiorket for future ilellrefy
Koine activity anil u allKlitly l-Uter
naff of prior* I* waa tiimiKht that u
rovrrlDS njev.umujt hail act In iviilih would
uko for better priori, for n time, at
Ml t. but aupport front tbo bulli waa lack-
u in fart, then waa anmt realliloc aalea
0* the email nroflti altown by thTi ele-
neat. iftrr which. tba market relapaed
Into ilullnei" awl a alow deollne In prlcaa.
Ennuirnglnc Liverpool, where apot waa
-noted * point! hlxber and reporta of crop
Jftrrlorntb.il In tba crop In the t'afollnna
■n.l (Jeorala were fartora for tbe better
ftellna durinc the drat hoar.
Thr ■.■mi-weekly movement of cotton
■howl reeelptn at the Interior towna na
133. nrilt.it 34,476 btat year and 1,719
In not. Hblpmenta MH. naalnnt 36,449
Hit reir and HS7 In 11*4. Htoeka July 9,
pa. 'ltn.330. nnln.t Iaat week, 144,
Ilk list year and 93,505 In 194M.
Sew York. July 11.—C. I). Freeman ft
».. In their circular today, aay: “There
| no one to object to the preeent rally
!i the market: In fact. It In rather to lie
wrlrotnrd, and the advance proven how
•rndtlre It la to the allxhtent unfavorable
rlirumitancra. The low preeent demand for
Hr eld cotton hna prevented ua from tie-
rilnlnf for the |iaat few weeka, and now.
wltb the breath of aunplrlon of a chanre
In the crop rondltlnna, we rloe enrlly, and
nrerv one la nerroua for fear the unfa-
,,ml,I- crop rondlttona inl/ht eitend be-
tdwI the eoaat rountlea of tha Camllnaa
■id lieorela, where there ban certainly
Iren ronnfderable deterlontlnx. The llelda
ire rrn.ry and the plant apparently nnder-
Oird for the aennon. Kloewhere, eondttlona
lie molt favorable, and there In an Im-
■rarroirut III Alalmma, Mlenlanlppt and
t/wl>lnni. In Taxaa, there In nome fear
•f toll weevil, lint the plant la no fir ad
Timed that It In doubtful If Brent dinner
from thin pest la likely. The tone of the
unrket la rather -firm, but any material
Idrance will lie met with free aelllnt of
tretara on the hnala of 10c for October de
Berry at the ^Interior."
SPOT COT!ON MARKET.
Atlanta—Hteady. 10’ie.
Nrw York—Steady. lO.fiOe.
New iirlenna—Quiet and easy, UYic.
l.ivrrpiiol—Qulm, 4.16S. wd
Auiiiita—Steady. 1""
Sivammh—Steady,
at. Ir.ula-Steady,
LIVERPOOL COTTON MARKET.
ll.lvrrpo.il, .Inly 11. 13:15 p. m.—Cotton.
ap.it dull: wltb prlcea atendy: mlddllnK
upland! 9.19: aalen 4.000: American 9,900;
iprculatlon ami export 400; receipts 900;
Amerlrnn 300.
I'uturen opened
Openlnt Frevlona
IUntte. Cloae. Cloae.
itlr ..B.88 ■ 5.96- - -5.99
. .5.13 5.91 5.786.75
...5.75 5.73-5.74 6.71
...5.70-5.0 .6.97 5.94
..6.996.(3.6.13 190
NEWS AND GOSSIP
Of the Fleecy Staple.
Llvarpol cables:
favorably by short:
v, a. inn.
y. 11V-
tly. lWe.
dy, 10 5-19e.
July-August. . ,
\urnnt Sept...
Befit. dM
S'ov.-l>ec. ...
Uer.-JlUl. ...
Jun.-Felt
■Vb.-March.... ,
Man-li April. . ,
Closed quiet.
..6.65
. .6.61
. .5.65
6.62 . 6.69
6.62 6.59
6.63 5.60
6.64-6.66 6.614.62
.5.674.46 6.66 - 6.63
TODAY'S PORT RECEIPTS.
The following table abowa receipts at tba
wta twlsy, compared with, tba same day
ait year:
MmI.II.-
Mrann.ili ...
1iarl4>«ton ..
K’lhulngton .
torfnlk ... .
Iwton ... ..
^Oldelphla
lii
INTERIOR MOVEMENT.
Innntl
Twf/il ...”
i
1943
''■"576"
4144
IIIERT A CLAY'S ‘ I
v DAILY COTTON LETTER
New ttriesnn. July 1L—Tbe covering liy
>"rt« wa. in a Urge menaure reaponal-
fer the higher range of valuea In tht
wr aeaaloti nf the Llverpoul market,
ut the prlcea later eaaed muuewhat and
rrral mblea expressed the opinion that
* f"|>. for the time being, bad been
Options gained 9 points on the
while .pot quotations were markrd
»■ 1 peluta. sales amounting tr • —*
';f* I he enverlng of nhnrta ec
!““>• Imt im a much atuallar scale than
“* pretlona day. However, the absence
’t rain in the Atlantic* nnd the preva-
*nce „( wet weather In UlulnalpnT and
tiabima where ntnistnre la needml. wera
HP*k features that later brought about a
"hue. Intt there waa no pronounced sell.
«9 umirinent, and prli-ea aerated rather
etuforni to the Influnrea of the too-
.rut showers tonight and tomorrow an
SEJ 1 "' .over almost the entire cotton-
Tow-Inx dlatrlet. bat doubtless any detrl-
nrnt in the crop In noma loealltita will
- otr...t I,, iteneflta In otben. Sentiment.
n »uV r - ,*• Inrllned to tba Itelltl tbit
ool.iure to (Kirtioua of the eaitern Mt
J for the time Mag refftrirat, bat
5sL"» ffont tbe records of the D*at, the
J T r"' *f frequent nine during the month
i.i v , '■* Proven very murk more bene-
<kaa otherwise to -the growing
York, July 11.—The market
B>ue n good start this morning, and
Jipport given to highly speculative la-
?*’• ,l *!» Reading. St. Paul, Coppar and
non i acifle, aeemed to promise a day
FMfaygth, but weakness developed In
durad., Fuel and Iron and good aall-
* appeared against the earlier lead-
™ during the early afternoon, which
Wfirerl sufficient to give ihe market
a irregular broken look at that time,
■katever may be the final lieneflta or
i*„rr , *r M to corporations and Indl-
Involved In the present pro-
uv r fa by the government on rebates
C n nrr quaotlona, the Immediate ef-
wntlmant la disconcerting, and
Zrr}' 1 " Investment operations very
S3? 1 '- This puts a damper on the
th.„ t ' u,,n *ee and drives money Into
aiic. namely: real estate apecu-
A ‘ n an “ perhaps other more venture-
ao. '’^rations. It Is not an easy slt-
n to forecast, and while we ex-
Prlvate Wire to Glbert & Clay.
New York. July 11.—There la some
deterioration In the counties on the
coast of the Carolines and Georgia.
Elsewhere condltons are unchanged or
Improved. The market will make the
most of the- Carolina and Georgia re
ports.
Market affected
, . . . ehorts covering, due to
less favorable crop reports."
The philanthropic bull crowd sold
what cotton the market would take In
the first hour and would probably feed
us more If we had an appetite.
The Journal of Commerce aaye: It
Is evident that a fair trading basis has
been established In the primary mar
ket. Although buyer and seller do not
meet on entirely common ground In all
divisions of the market, yet sufficient
concessions have been made by both
aides to permit of the carrying on with
confidence of an Intelligent fall cam
paign. Buyers who have mistaken the
revision* which occured a week or two
ago for Indications of weakness have
been surprised to find all attempts to
gat a shade under the current quota
tions on goods for near-by delivery have
been met with refusal of the.orders by
first hands. A large cotton crop may
entail low price* eventually, but lead
ers In the trade nay that until October
at leaat all probable fluctuations of
the price of the staple have been offset
by higher wagea and by orders In hand
at today's prlcaa.
New Orleans, July 11.—Liverpool ca
bles as follows: “We think the top
has been reached for the present, un
less the foreign markets should greatly
Improve."
Shorts continue to cover, but on a
very small scale. The absence of rain
In the Atlantlcs and the distribution of
moisture over the central portions nf
the belt, where It was aid to be needed,
are features that ahould cause some
short selling.
Notices for about 500 bales ara being
circulated this morplng.
The western forecast Indicate* show
ere tonight and Thursday ovar all this
section. ,
Private Wire to Ware A Leland,
New York. July 11.—Liverpool fu
tures opened steady, 4 points up on
near and t up on late; at 13:15 p. m„
5 up and steady,
Wilson offering 6,000 January at 10.45
and 6,000 August at 10.91.
New Orleans. July 11.—Liverpool ca
bles: “Think the top has bean reached
for the present, unles foreign markets
should greatly Improve.”
The net stock of cotton In New br-
leans Is 35,051) balaa, against 49,568
at this time last year. The amount of
cotton on shipboard la 13,133 balas,
against 13,916 last year. \
WARE A LELANO'S
DAILY MARKET LETTER
New York, July 11.—There was an
other advance In cotton today on short
covering and more new buying by
those who concluded that rains In the
Atlantic statea had caused some crop
deterioration. The market ruled steady
from the opening, and there was not as
much cotton for sale on the rise na
many had expected. The cotton bought
yesterday failed to come on the mar
ket. There waa some difficulty In buy
ing any large quantity of cotton save
on nn advance In price*. The demand
was or a persistent rather than of an
urgent nature, and this left the under
tone very steady. •
Reports from the South of too much
grass In fields In the eastern belt with
rain predictions for tomorrow prevent
ed aggressive short selling, and there
was not as much bear hammering as
for past few days. As a large crop will
be needed and the crop has yet to un
dergo three trying months, the disposi
tion of the good crop report, commenced
advances.
TRADE AT OPENING
• WAS PY SMAL
FRACTIONAL DECLINES ARE
SHOWN IN MOST STOCKS
Turned Strong Later and Bear
Operator* DUplayed Great
Anxiety.
Dy Prlrato Leaswl Wlr*.
Ntw York. July U.—Today's market was
atm. by ordinary standards of comparison,
doll. Owing, however, to the Activity
few selected atorka, thero waa much
more business than yesterday, nnd some
what more Important price change*.
Paul shores were steadily taken through
out the morning at an advance of nearly
1 iivm from yesterday. Without t!i**r«*
being anything definite by way of an
plnnatlon, tho rumor was ngatn heard
that the stock was wanted by other com
pettng properties, which stand to suffer
the 8t. Paul's extension to the Pacific.
Copper Issues, after a weak opening, were
also notably strong on tho talk that another
advance would be made In the price
the produce at* tbe coming quarterly meet
lug. The general list was ipilet. with
tie movement.
Home attention was paid to the repoi
e* of hanks At tho subtreasunr of c
4,000.0Lri on the weak, which was due
of tht special treasury daponita.
Idoney rat«£^however, wero not affected
Its cue from* this drcumstonceT
■ -!"■ k i,,mi Ki'’ trn.llng at th»* open
Ing was In very auinll volume. Opening
quotationa averaged feAUc below the flnnls
yesterday, exceptions being Colorado Fuel
and Pennsylvania, which nre np
and 8t. Paul fce. After the openfi
market continued dull.
After n short Interval of dullness, fol
lowing tbe opening the market became
decidedly strung under the lend of Great
Northern preferred. Northern Pacific and
St. Paul. Outride uf the three stocks
named, the trailing waa almost wholly pro
fessional with n display of nnxlety. among
the bear operators.
Government bonds unchanged*
Other bonds steady.
LONDON 8T0CK MARKET.
Anaconda
Atchison .. ..
Canadian Paetde ...
Chicago, Mil. it Ht. Paul...
xnulavllle 4 Nashville
Missouri. Knnui it Texas..
do preferred
New York Central
Northern Pacific ... ... *..j
cnnaylvanla
Heading
Southern Pacific
*nlon Pacific i.
United Htates Hteel
ted Htates Hteel
preferred
GOVERNMENT CONDITION RE-
PORT.
Tbe crop reporting hoard of statistics of
tbe department nf agriculture. In It
port, on the condition of almat. mrii, oat*.
gives the acreage planted In cor:
... _i.6S6,(>W. an increase of about 1.624.
000 acres, or 1.6 per cent, sa compared with
the estimate of the acreage planted last
ear. The overage condition of the grow-
on July 1 was 67.5, r - -
on July 1, 1W6; 88.4
date Jn 1904, and
average of 86.1
Tbe average condition of winter wheat
n July 1 was tf.6. oa com
last month, fc.7 on Jnly 1. .....
tbe correapondlug date In 1801. and a ten
year average of it.4.
*"he foliowtni
July 1, of t
on nllllj I, m U49* /nil,
tnn-jcsr Jnlj omagra:
There In nothing upon which to baae
the belief that a radical change In the
market Is under way. Fluctuations art
likely to be Irregular.
After a little early weakness the
stock market, presumably In recogni
tion of the god crop report, commenced
to Improve moderately. The leader
was St. Paul, and for a time the ten
dency to betterment was marked on
ahort coveting, but when It ceased
prices fell_ away again under some
profit-taking for professional specula
tors and Irregularity resulted. There
Is no reason for abandoning the rules
of the trading position, whose main
tenance was recommended In this
morning's editorial. We believe that
those who purchase on the raids for
turns will be well satisfied, and If vul
nerable Itsuas stocks under the weight
of antagonism are sold on ths rallies,
fairly good results will accrue, though
we are Inclined on account of Infor
mation and nre sent technical Indica
tions It wtl be useles In this nerow
market to attempt to do mors than
scalp outside of the specialties.
L. J. ANDER80N A CO'8.
DAILY COTTON LETTER.
New York, July 11.—The cotton
market was again very quiet this
morning, sales being very light and
fluctuations narrow. While there was
some cotton for sals at ths higher
range of prices, these offerings were
well taken and therefore no sustained
{ treasure. The news of ths day was of
Ittle consequence and had no special
bearing on ths market. The reports
from ths belt are still conflicting, crop
reported as doing well In some sections,
while In others It Is said to be stunted
and shedding. Tbs most serious com
plaints ere coming from Georgia and
are acting as a balance In the market.
Covering by shorts has been ths main
support to prlcaa* on tha ld*t that tha
crop Is now going through Us most
critical period and some deterioration
Is expected. Liverpool continues bull
ish. and on any good lead from this
side would, no doubt, become good
buyers.'
DSCt fundamental conditions to contin
ue of tbe. best. Investment Interests
have received a rather severs blow
during the recent past, from which they
may not soon recover.
ALABAMA!
GIB CRT A CLAY
STOCK*. BONOS.
T. COTTON. O K AIN.
coerce, provisions
Kansas
Indians.. .. ..
Missouri
J lrliranko
Illnola
Oblo
California.. ..
Paoas/lraala..
Oklahoma.. ..
Texan
Michigan
79 73
United States 5M . 7M
The average condition of apring wheat
nn July 1 win lt.4, na compared .with 93
lent month, 91 on July 1, lfc*. *1.7 at the
mrreaiKinitlnx dale In 1504, nnd a ten-year
overage of I5.L • ....
Tht averaga condition on July 1 of a:
and winter wheat comblnajl waa: 57.1.
complied with W.S on Jnly 1, 1906. and
•4.1 St tee corresponding dale In 1504.
Ths amount of wheat remaining In
bnnda of farmer! on Jnly 1 In ollmnted
at about 44.C6J.oo t.nahefa, equivalent to
alKHJt 4.9 per cant of.the crop of last
on July t wan 14.0, an compared'
Inst month. r.’.l no July 1. 19o6. ».l at
ths corresponding date In 1504, and a ten
year average of 95.1.
The arrange nf potatoes, excluding aweet
potatoes. In leaa than thnt of last >enr by
t >9,000 arret, or 1.9 per cent. The
gn on July I waa 91-'-. na mint
with V: on .July, 1. W». Ml at the
rsapondlog date In 1504, and a ten-year
average of 511.
The acreage nf tobneco la leaa than that
of lint year by about 40.000 arm. or ll
cent. The nrrra^t condition on Jnly
r;
was 817, against
on year ago.
COTTON SEED OIL MARKET.
at tha start, will
July at full pric
ftapttmbvr «v*r i
on crop Is early In Tata*.
ias !••«! to aoroa prediction* that oil could
to gottrn boro on time for delivery. Th#
market at tb# rlo«« waa quiet with prices
unchanged.—Wara Sc Leland.
Opening
flnnipv Cleat.
Jrly -Sttfgi
a****l\j £*5® ♦
September.
October, .m
N'oremt*
flair* HR Jaly *at 37%*ffi
i. Closed atcady.
' 1.’
>'301. *
ober tt
ATLANTA. OA.
f . « Eaeh.rre'New Orleans r .turn Liior-S* '? e '’ ''Motion
RtaiasIssSIs: &: safha: teawsass
Lt: *l nnd Long DUUnes TelsphOM 5298,‘ t,Cl “ V?. R- FAGAN, Mensasr.
NEW YORK COFFEE MARKET.
Following In given tho opening and cloning
quotations of tbs 3>ew iork coffee market
January.... „
9'ebrssry
March
April
June
Jnly
fe"::.:
October
Xoramlier....
Dor am her
Closed quiet.
Oponlne. Clorinr.
ACM.74 l«M7t
6.70 8*11 8*75-6. W
6WM65 l«iM
. .. .. .c.MC-T.m «-76-7.no
..‘.‘ii 9JM.40
4.948.45 C<546>
4.45-8.56 4.6(4-4.55
6.664.99 6.9X9.96
RANGE OF NEW YORK STOCK MARKE
Amalgamated Copper.
At In utlc 0>ast I.In**
Amcrlran Sugar Kutlnln*...;.,
A n 11 < * - * 1111 j»
American Locomotiro
do prcft’rrcil
AnicrlcNii Smelting liefiiilng..
do preferred
do prefarrad.
Amerlci ** **
Cotton OIL
ore and Ohio
pi HnpM Transit
nii 1'si Iflr
Chlrago and Korthwaittrn
'hesapeak** nnd Oblo
’olorndo Fuel nnd Iron •••»•
'•Mitral Leather
do preferred
hiritgo nnd (Jrcat Western
lileago, Mlliraukt# and Ht. l'sul
Delnntire Mini lludaou...*
IXatlller'a Hecurltiei
do preferr*H] i....,,.'!!!!!!!!!.
General Klertrlc •••«••
llllnola Central
Amerlrnn lee HeeurltlM
Lomov I lie and Nashville....,..,,, ,,,
Mfxlnin Central.....
Missouri l'minc
New York, Ontario and Western
National lead
Northern fncific .#.••••
New York Central
Norfolk and Wettcru.
'enns.tIvnnln *
'oople'a (Jas
’rc’ssed Ht*M*l Car
do. preferred
raelll.' Mull
■ In preferred
VnltM states lluhhcr
• le ju.’ferr.'d
Houthern I’nrlfle..,,,,,,,
Southern Hallway
do. preferred..
HI of* Sheffield
Tennesaee Coal and Iron....:
T'-*n« nnd l‘n III-
’njoi; l'aclfle
'ulioil State* Hteel
do. preferred..
Vlrgln/n-Carollnn Chemical..,
do. preferred...,•«•>
Western Union..•••...•••••••.,
Wnhaeh ••••••••••<
do.- nreferre**
Wlsconain Cent
tock sales iodsy, 4f6.6oo share*.
RANGE OF THE COTTON MARKET
AT I*EW YORK.
The following I. ths rang, la cotton
futon. In N*w York ti-lar:
tint _ rrarionn
Open. High. Low. Kilo Cits.. Ck»«.
July „i6.3 na io.m 10.32 10.11.31 10.B-34
Aug ..10.54 II4.-M 1 ,|.»7 10.39 10.39-39 10.J1-34
40.34 nil 10.39 10.36 10.M-39 10.34 39
..10.39 IB.43 lO.JO 10.97 10.37 10.(0-41
Nor 10.11 1039 10.41 10.37-39 10.(0-42
Hoc. ,.{0.49 10.47 M.42 10.42 10.43-43 10.41-45
Job, ,.1043 1061 10.8 1044 10.
Mc'l’i —10.67 1069 io69 io69 10J
floacrl steady.
i - 01 17 I - (-• r<,
KH HI
10.69-67 10.65-69
AT NEW ORLEANS.
Tlic following It th, rango In cotton
futuren in Now Ortaaos today:
•fcB
"m
rr*'»ioui
Open. High. Low- Hale. Close. Cl
July ..11.16 1L07 ll.oi 11.02 11.0042 ll.<
Aag. ..10,67 10.70 ldC 10.82 Jfl.82-83 Io.i
Oct .iio'.ii' lo.'ii' io.io' loio' loilw? 1{!|
n” "lfci ioti io'B ion
- 10.43 10.43
..10.43 10.41
x?ch Ilialii iodi ioii io'-ii ioio-u io.tii !
Claoed qntrt.
TIPS FLASHED
From Wall StrooL
Frlvnto Wire to Glbert fiOai-
Now York. July 11.—Dahlel Odell &
Co.: “The market Is evidently In a
walling position. If the splendid crop
report lia* no heneflclnl effeot on It to
day It may bo taken for granted that It
Is awaiting a bottor monetary situation.
Mxtremo dullness I* generally followed
sooner or Inter by a few point. moy«-
m.nt on. way or the other. If the
bulla refute to become eggreaslve, we
now understand ths benr element will
make an attempt to lower tho market.
Therefore, the adherence to the strict
trading position Is recommended. Pres
ent Indications are that not very much
will be nccompll.hed In either direction
In the Immediate future, barring radi
cal developments."
New York, July II.—Marshall. Spa
der A Co.: "There la nothing that can
be counted -as news In - the morning
go.alp columns, opinions or gables. Yes
terday’* weakness In tractions appear
ed to have been nothing mors than
the effect of very moderate selling of
holdings growing out of the reorgani
zation. 'Homo selling In other direc
tions. lacking explanation, was nttrlb-
uted to.a few remarks of H. H. Rogers,
but In tho main the market simply
showed a more complete lack of outside
Interest than any other cause and lack
of Ilf*. We rather anticipate a steady
market today."
Banka lost to sub-treasury sines Fri
day 14,256,000, of which about 12,600,000
wa* return of mid Imported-A news
agency states that l nlted Btates Steel
(-operation officials decline any definite
statement on Iron.redeal.J.J. Hill I*
exacts! in the clty thU neek Somd
sort of *1*1*01001 la then anticipated.
Uptown sentiment: Naturally^ the
Interest which has bisn looking for the
market to rally fi»rtb*rwniigTnnily
disappointed over the fact that there
was no general response to the ex
tremely favorable crop report made
public yesterday afternoon. Those who
bellsve that tho market will work hlgb-
•r a little Inter on assert that In their
opinion the excellent condition of crops
will then be a potent factor for higher
prices. A man who watches crop con
ditions closely say* that undoubtedly
TOO LATE FOR CLASSIFICATION.
WANTKU—HTACKH, ri.AGMA8TH. WA-
l.-r towers, ntanpli. railed and painted.
rcS wsN&aflBiS.
bVfh NT.
297 CHEW
■I.i nw-.u. hot and cold water, both
tuba, ttt.; 6<liM9; alley aide nnd rrer: good
Brighborkood. for 13.00 Homo Itself root
FOB HALE—7-BOOM UOUHK
at.; rfiSarpt *—* ““ "* J ’
ln„re. A !>.’ Adslr, 1373 ldnptre.
BOOKKEF.I'EB OF « YEARS BXPB-
rlonce: now .mptoyed bronoof the lerg-
■«4|4SllkH|M|Mn|agMgM|
la the South, desires to
kreper. car. Th. Georgian.
the great Importance of the excellent
crop* now promised Is by no means
fully realized. There Is still ntuoh con-
jeeture wltb respect to the exact form
which th* forthcoming finanrlnt plan
>-r (!:■■ SI I'.MlI II 1 ll III mile
Although It hn* been officially denied
frequently of late that the company has
negotiated In Pnrl* for a loan, It I*
learned on excellent authority that
such negotiations have been In progress
nnd that the principal question at Issue
was the rate to bs paid.
Private Wire to Ware ft Leland.
Ii.iw-.Ii.iiok *iiinmii ry: Vinerknn
stocks in London steady 1-S to 1-'
nbove parity.
London settlemant continues without
disturbance.
First six month* of current year
break all records for structural steel.
Orders for .0,000 tons steel rails
placed eo far this week.
Record Argentine corn crop expected,
Good demand for stocks In th* loan
crowd.
81. Paul will not borrow monay In
Paris.
Thirty-nine road* for th* fourth
week In Juno show an average gross
Inrresjo of 18.69 per rent.
Hunk.- b.glmiliiK t.i u-turn K“vcrn
men: deposits due between July 10 end
July 20.
Chicago reports disturbance of grain
rats* spread ing.
St. Louis alreadv I-Iilpplng . urr-n- y
to th* South and West for harvest re
qulrament*.
Twelve Industrials declined .<1 per
cent.
Twenty active railroads declined .67
per cent
“Yes, she saved svsry lovs Istter that
he told her to burn."
"That’s bad.”
"No. Jim Is pretty smart The let
ters ha told her to bum were the
harmless ones."—Cleveland Plain Deal
SOUTBERN EXCHANGE
Oldest Established Office South.
conoi STOCKS—M*M M1W
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
L J. ANDERSON Sc CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Ctmspoidtit's CipKil $250,000
RCFKHCNCC. THE NEAL HANK
PHONE I AIT. PRUDENTIAL BLOC
COTTON^RAlft, ^ROVIsJonS.StDCKsPbONDS,
ffa. 2 Will SI., Ptltn fsi/Hsf. Allttit, fit.
mUBlAS:
gn, r#rt Censa h,ki» Onfa loot! *r fnA
g>« Prltaai C.tln tut—It- 5‘t<»f. 64a«l'
r * Mow fork Cofft« Ink
~ lift. Misooer.
ramMltMtOi
PIEDMONT BROKERAGE CO.,
(IneorporaM.) Baaamant Floor Piodmont Hottl.
STOCKS. BONO*. GRAIN, PROVISIONS. INVESTMENTS.
Fait Wirt fltrvlct from Ntw Ytrk, Ntw Orfttnt. Chicago.
€€
M. *1. SAGE A CO .
f»IT. MOTlt. Msssftr.
<42 BROADWAY, NEW YORK.
Pfifssctltfl ftsse 1M1.
NOTES ON GRAIN
Polnterg on ProvlilonA
wheat .ronnd tq^nlnr. , ,*,n„,l..lon l,<
«nd ■('»!, i-r.- refitog It. IM tor ,
,<>ft ,pet to bay on to Potter ndrnningo
before tbe market turn*.
(66—Wheel firm. Buying hy ratten hmk
er, and strength la court* grain etnrtcd
wheal on upturn.
who told offer, w cre I
abov*.
Kate the grading of this wheat—90 cart
contract out nf M received.
Ureal haying of wheat hy leeel ti
thl. morning, bat n little more oronoui
There b.e lie.u eome hedging stuff
again.
Onto higher on fair buying on opening
hr 14. F ft C„ Nn.li Wright. Korthorn
Ornln and Knight llel,. Helling •callrrnl.
Cudahy baying May corn.
(tlant
u> ,-d
aolil
Prorlflona ntmng and higher nn higher
hog market. Hhort. corerlng In lard, reek*
era buying early aiul aom. telling oa tho
advance. Only n fair trade.
a irnek pad. Rsreljuta won it 169 mrn. trli
Charterii were matin for *,«» «t
Ho to IttxfCalo: corn flr->.«-«o bushel* auri
-Mi 240.000 butheli. Mott of tbe oele go to
New Kugtand.
Caoh ulee of wheat In Chicago yMterdar
were 121,000 lniihela No. 2 hard and 20,000
No. 2 red told at He under Heptetnber In
■tore.
Export buelneu with the eeaboard ahowed
a rerlral, being OO.OOO Uushele, Including
No. 2 red. Datum and Manitoba.
Thera wera no aalea of corn or oats.
wheat. 76,000 batbelt
I'hitpIi pork, Uto tlen-ea lard and
pounds abort riba.
The atrlke of grain ahovelera at Booth
Chicago la regarded na ocer. Thera wera
only two boafa to load jraterdny.
Private Wire to Glbert A Clay.
Chicago, Jnly ll.—Mur cron expert wires
from Aberdeen. H. !>.: •'Wheat looklox
fine; 'weather still favorable.
Ho long at Northwest conditions ara fa-
Drable. wheat mojr not go much lower, but
believe It will be n sale on hard spots,
while the hcavv movement continues. I»o
not believe boll* can make much headway
m.
Thera oeemo good basis for buying oats
on all recessions.
Wheat opened higher wltb July In do*
maud. Commission uouses buying the Uat
Light acceptances over night of new wheat
Hprlngfleld, III., wlrea: **Tho Snngni
Ivogan and Christian nnd n little nf ML _
counties, corn very spotted and tiring for
BUYING WAS GOOD AND
SHORTS COVERED.
Smaller Receipts and Higher Mar
kets in the Northwest
Ohief Factors.
■j Print* tent wire.
..Upeagn. July ll.-Th. grain Hat rlo.*q
lilirher Luiur for irhvut; lfflS'- for ,-,ro
ami /nr oata.
Bug | r.vlueta w.re niff4r heller, e-lth
nil pork a ponkuiariv atrnng pelat.
Ilia actlao „f the niu-at mark-) m dla-
.leylog eo tniH-h atreogth woe lu fnv. ,,f
vnoraHMia purrhaaea ,<f the n.w r R , p i, y
l,K-al elaratnr tail rash grain h-iuara. , ora
rioted rather onlet; eats elow aod pr ‘
■lore (lull at tlii- day', itlnd up
lead, sera tad lw.MO rate.
CHICAGO GRAIN MARKET.
wnBAT
S' : B
R& - 8*
■I = ■
& 1
E &
»
61H
»>,
yun-
&: m
t. .. 8.80 8.27H
8.0JH
• i:«v
t.«8
8.07H
8.88
9.22Vs
RepL . 17.10 1T.I7V* 17.60
Jill
1‘OftK-
Jnly.
Hept.
Oct
fllDBfl-
S • 1:8 'Iff* MT*
No. 2 rod TiVitpU: No. t do 77(
. hard winter ‘tuTlH; No. 2 do
northern No. 2 do
8:58 i‘:£i,
18.00 14.9;*»
spring
TjVttlil; No.
NORTHWEST CARS.
Mlnoeapolli.,
Duluth., *•
Chicago.. ..
PRIMARY MOVEMENT.
The following figures give* the primary
lOTsment of wheat nnd corn:
Inis r
agalaat Bqw nooha^ I
today 376.000 buihels. afalnst 3-0.0
want of rnlna. It varies from fiv# Inches p.o» huibeli. mj
to four feeC and the tilggest corn Is bsglae ,flBt 1 7 f,r ; . . .
nlug to tassel out. It must rain soon/’ * V rn r;l^ r vC ! ,, . B J n ,\
■ against BHT.*"-* bushels In
Inst year; shlnmeuts
rlslons atronger on higher prices for
Heavy live hogs sold at t r higher
In three years. Helling has been >by
IV»» i"l
hog*,
than
lung*.
THE 8UQAR MARKET.
Br Private f/eased wire.
\*w York, July 11.—Local refined and
tw sugar mnrkaf steady and unchanged,
l/ondtju, boat steady; July nnd August la
COFFEE MARKET.
-.Vo. 7 Rio
How did you coma to get mixed up
this altercation?*' asked the proee*
< ut Ing iilt»»rn»\\
‘ 1 Ol didn't coma to g\t mixed up in
answered Pat. "Ol coma to collect
bill av foor dollars an' twlnty*acvan
clntf.**—Judge.
Bha (triumphantly)—Mr. Future t&ys
Mias HIITat look* old enough to be my
grandmothar.
He (cruelly)—How can Bha?—Smart
Set.
814.000 bushels.
__ . .. last year; shlnmenta
■ulaj 286,000 bushels, aagfast 627,001 bushef#
CHICAGO OAR LOTfl.
Wheat
Cora ..
Oats ..
Iloge ..
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat opened lower; I JO p.ni., *
lower; closed mi'lnngpd to htgher.
Corn opt u»*d *%c higher; I K) n.m , ifc
lower; closed unchnnged to lower.
THE DRY GOODS MARKET.
n^all see. ,
goods, staple and domestic cotton depart-
mi'llt of the Jobbing home**, are here back- j
Ing oTor ths dry market. Operatlmis
*»n fall gco'lri In the market are Btnrtlng i
with n lienlthv amount of aetlvltjr, untl .
prleea ar#* flrintv maintained by the large j
demand for current requlrerosats.
MONEY AND EXCHANGE. i
By rrlrate Leased W|r|
New York, July 1L—Money nn call i
81 •< I*<T cent. j
rllng rxebange: Toated rates 4.82HH|
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all.parts
of the world.
Prank HawkJna, President.
Thornet-r. Erwin. Aaat. Cashier.
Thomas €
n. w. Ey
era, Aast. Cashier.
If. M. Atkinson, V. P.
Joseph A. McCord. CaiMer.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
Milton Darien.
John W. firant.
Jl. Y. McCord.
$200,000.00.
$300,000.00.
J. H Nunnally.
J. CarrMl Psyae.
David Woodward.
WM. I* PEEL. President.
BOUT. F. MADDOX, Vlce-Prea.
MADDOX-RUCKER BANKING CO.
$200,000.00
$500,000.00
CAPITAL
SURPLUS AND PROFITS ! !
ACCOUNT, INVTTC0
Wo invite accounts of individuals, corporations, hanks
and bankers and offer tho best terms consistent with
conservative bank-ng.
In our Savings Department we allow Interest at the Rate of 2 1-1 per
cent. Compounded Semi-Annually.