Newspaper Page Text
THE ATLANTA OEOROT-AN.
iTTEKDiT. Jff.T IT. 19"*
11
JOSEPH B. LIVELY l THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
ely‘* 25 year#’ experlene#
ie innrkef# In Atlanta nnd
th linn made him n rec-
authority la hla specialty.
Quite a Fight Developed Be
tween Some of the In
terests Early.
JANUARY SOLD HEAVY
Clearing Weather and Be
lief Market Is Over-Bought
the Factors.
Br frlmt* Leaied Wre.
Bj Private Letted Wire.
New York, July 17.—The cotton mar
ket opened steady and unchanged ,to 3
Mints hlghtE There was a big trade
«nd quit# a fight on between some of
the Interest at the start today, 10,000
Hill of January changing hands at
19II. Those who were selling It based
their action* on the clearing weather
youth and belief that the market for
the time being at least had been over
bought.
The market for cotton future* this morn-
JH quite active In the early trading # to-
. Sentiment wns bearish, though tho
-let of *o®* heavy selling on prices wns
•tight, up to midday declines In the new
crap month* being eome 4 or 5 point*.
The forernmant T s weekly crop and wenth-
K report wa» claimed by the bears tp favor
the ihort aide of tho account, one wire
rlirylnf that the “report la aurnrlalnsly
coed and doe* not show' the slightest In*
IkatioD of damage, thus disproving, In a
irre measure, (he many advices received
o the effect that the crop waa suffering
(tout excessive rains.
Mils lilies gives the condition of the
crop at 83.5, against 84.3 last month nnd
k.f last year. Tills report was construed
: iM tli.- nntrk* t ruled somewhat
ider on It* announcement.
Columbus, Ha., wires: v tt’e consider tho
crap In our section In nn extremely criti
cal condition at present. The continued
rafui hare caused the plant to grow too
rapidly and become very sappy. Nothing
wm.rsTu., ..... nnd extremely hot, • It will
caw shedding and do a great deal of
Uama ge." /
SPOT con ON MARKET*
Atlanta-Steady nt lie.
New York—Quiet nt 11c.
Xaw Orleans—Steady at 11c. Sales
Delivered ou contract 200.
Liverpool—Quiet at 6.13d.
It. Unit—Steady at 11c.
larannah—Steady nt 10%o.
NEWS AND GOSSIP
Of the Fleecy Staple.
Prlrnte Wire to (iibcrt * n»r
*«*«
Mitchell 1« pounding the market.
The Journal of Commerce savs* “Tim
market opened firmer for the i%k will.
n!* not r, strpn * undertone |q tho »tn>
Fhln2 >t i t0 il # ‘ 8a,< ‘ # o{ exporj goods to
rA nft , **8t ^eek were larger than nt first
loFd foJ’ Rh?n 85? th ", n V* bales being
S“J. r ° r , Shanghai and other river porta.
Tho print cloth market la firmer on nar-
fjw good*, and the mlllB are fairly well
/•* until September. There Is no lat-
"£ ifi* 7or thin fine goods, either
f* POOtfact or spot delivery, nnd the tm-
Eni^ilrMi 8 A 1 ron *.^ first hands that the
££51 iK demand off this year will be ex
ceeded at the retail counters of the country
next year for these fabrics.” *
The Galveston Pallas News* second cron
reneJJa 8 /^ MF1ve hundred and forty-two
reports from correspondents showing
tJ!« D t0 be . 10,9 r pr rpnt better in
lexas than same date last year; €.7 per
cent better In Indian Territory. Same as
mat year In Oklahoma. Texas conditions
moro nearly uniform than for several pre
ceding seasons. Mnnv corespondents say
prospects best since 1»». Excessive moist
ure reported frdm seven counties. Else
may be too much rain.
far little dam
LIVERPOOL, COTTON MARKET.
Liverpool. July 17. 12.-15 p,* m.-±Cotton
ot aulet, with prices steady: middling
6.13; sales 6,000: American 5.400;
tlosed quiet.
Opening
Range. Close.
. ..5.87 5.86
■4§ If.
...I.7J s.w
.. t.M
...Tit i.ess.M
...In e.a-e.u
. .i.m
-tTO
Previous
Close.
5.84
6.81
tm
ISIS
6.63- 8.64
5.64- 5.65
tr*
TODAY'S PORT RECEIPTS.
Tie following tahlo shows receipts at tho
•rta today, compared with* tho samo uay
IK year: ,
tw Orleans,.
Wreston .....
leWle
ivtanah
krleaton ....
Jlmlntton ..
irfolk
rifimore
►* York ....
Kton
illadt'lpbla ..
Total
&
INTERIOR MOVEMENT.
'ARE AND LELAND'8
DAILY COTTON LETTfeR.
*** Turk, July 17.—Additional rain. In
Atlantic coast region Induced more
ft covering at the opening of the mar
thl* ni..ruing, nnd, as n result, a fur
? | dvance of 2 or 3 points took place,
■■•the morning wore on. It wn* evl-
« that the volume of buying wns not
■Jflfat to carry on the ndvatiee. Some
3Li were inude.iSNevetal 5.-
lots of December ana January
•■lint hands. After this, buying wns
•bpnee* receded on the sale of n few
*■**1 hales at a time, until the market
^ oo»n 6 points from /he opening.
** V 1 **** little news'early In the
r, and the aetbock was due eutlrely to
’.Wet that the professional element
’•of covered, there was nn absence of
■ JplK-rr necessary to .prevent a reac*
A* noon, the report on the monthly
■ii'ifii. lulled by a commission bouse.
i decline of but .04 per cent from
* r# P«rt. which wss a distinct disap-
wtiaent. A circular Issued by one of the
w known cotton houses In the South
uniformly favorable progress over
JJ the cotton l»elt. The weekly
report showed nothing serious.
1 UU a *? #r outlook waa somewhat better.
seemed to have reached the
tot the tlma being. 9
™R DRY GOODS MARKET.
f Ej 1 '*'' Wlr».
C, ‘nrk.Jmy 17.-A firmer tone was
in the dry good* market today,
Cc In conaeqiienci. of a renewal of de-
■u f.. r roars# sheetings and drills for
«nd export use. The China trade
■iC^ntly taken 6.oo) bales of 4-yard
g«>ds. and the domestic deman*l
an advance of tfcc I*
iS£* Print cloths were firmer and
were sold for the next
age from pest, holi weevil reported In six*
ty-slx counties. No damage in forty-aix of
these. A little damage In nine and murSi
in one. Crop, as a whole, well fruited.
Eastern and southern Texas n little ear
Her than last year. Elsewhere two to three
weeks Inte. Picking In progress In most
southern counties. Conditions In territories
food except too much rain In portions of
ndlan Territory. In western Oklahoma
the crop started badly.
Liverpool MJ4 up I* slightly better than
due. An advance of jg3 point* was ex
pected;
Would strongly advise keeping out of Au
gust, unless protected by snot cotton, a*
brokers who operate for the bull crowd
are selling this option this morning.
Miss Olios I* expected out today with
semi-weekly condition report.
The wet weather continues unbroken,
nd today’s map shows heavy rains In “
essee, Arkansas and Texas, with sb
more or less geueral over tne belt, except
Id the Carolinas, which are dry.
The western forecast indicates unsettled
weather with probable showers for all
atntps except Arkansas, where partly cloudy
weather la expected.
Locals are gradually accumulating n long
Interest on acount of the bulllsbiy expected
weekly rei*rt and also In anticipation of
an Improvement after the issuance of Miss
Giles’ report
New Orleans sold some cotton, commis
sion houses. Schlll, Wilson and Mitchell
good buyers.
aetlve and new business coming In. Mar-’
ket acts ns though It were oversold. Be
Here cotton ran be bought on any little
declines. Think will have a gradually high
er mnrkot,
Mohr, Hi
unry nt 10.6u from
f
Liverpool cables: “Market steady
would have been better but for Hmlt
wards A Co. selling.” _
Buying of Schlll la supposed to he for
the continent. He bought 16,000 January
with I.0T3 bales of cotton consigned to
Lehman Storn A Co., from New York spot
holders who presumably havr told July
contracts against the shipment ami will
tender the cotton.
Toaka, Tex., wires: "First ball received
here yesterday afternoon. Two days earlier
than last season.”
Market very steady on heavy rains In
Texas and Georgia. Looks higher.
The cottoa market opens barely steady 6
up to 2 off. This Is rather a disappoint
ing opening In the face of almost general
rains over the lielt
The weather map Indicates showers or
the greater portion ot the cotton belt.
ADVANCE CAUSED
BY HEAVY RAINS
New York, July 17.—The Ban says:
Heavy rains In Georgia and elsewhere
east of the Mississippi, where the fields
are said to ba gt — *
tkn uiUui SMS
which took place. Tet talk of a July
squeeze In New Orleans was not without
some sentimental effect. Frank B. Hiyne
and wltUam P. Brown,
said to be In charge of th*
ond If current reports are true there Is
■till quite —*■ *“ 1 *“ **“
option. “
York. i„ -— „
that 10,000 to 16.000 bales will be sent from
^ Urge short Interest In the
Some of It la sab! to b# In New
York, and one of the rumors of the day Is
revision of tbs differences at New Orleans
would make this a more expensive n ‘
than It would have been recently. ■■
receipts at th# ports and Interior towns
were smell, spot markets wore firm and
some of tho dry goods reports very cheer
ful. The great drawback Is, there Is *0
little business. Outsiders held aloof and
professionals themselves do little, the dis
position being very general to await events
rather than to plunge with the slxe of
th# crop still undetermined. Yet wire
ft times for the Smith, w ImuaBH
rcrii, .hort lntrr.it wWrb m«. b, f.ttia*
¥ little nerrnn, ofrr th, r.thrr cnf.ror-
nhl, report, wbl.h were b.ln* retired from
pert, of Oeorftn .nd the CrottM*.”—
lUlbert k
rnn.tent endearor tm tie part of the crop
ausisnae
^ .V^Me XrtTouTw*
ng In all posltloaa. A*q ytt t|t. *sw
n£t t t& t t£!2tr2
GI BERT & CLAY
'■•ALABAMA I
• TOCKB. BONOB.
COTTON. OBAIN.
come. PBOVIAIONB
MKMOBBBi
ATLANTA. BA.
.nd Lang Dlttan,, VthTphVn?t&Pk "■ VAOAN, M.n.„.A
STOCKS STARTED
FAIRLY ACTIVE
Majority of Active List
Made Material Gains Dur
ing the First Horn*.
LONDON SMALL BUYER
Trading Element on Floor
Turned to Bear Side This
Morning.
By Frtvate Leased Wire.
Now York. July 17. -On n very much
smaller volume of business this morn
lag's market fluctuated with a good
deal of indeclslotr. There was
pressure to sell nnd, therefore,
symptoms of reaction. < >n the other
hand, stocks were more freely sup
plied, around the high figures for most
of the active issues than they were
yesterday.
Prices started out higher In sympa
thy with renewed strength on all the
foreign markets. The great part of the
share list went on this advance a trifle
higher than the best they sold for yes*
terday. Then the supply for sale in
creased and tho upward Inclination
was checked. Southern Pacific, on tho
usual dividend (alk, was bought with
eome confidence nt higher prices, but
this was an exception. Generally, the
trading was very dull and resulted, up
to noon. In no changes of consequence.
The professional contingent were di
vided in their sentiments, but the ma
jority of those who cored to do any
thing at all w'ere disposed to operate
for a reaction.
The stock market opened quiet, but
firm, with average gains of from 1-4
to 6-8. Quiet was generally recorded
In the more prominent Issues. Tho
heaviest trading at tho start was In
Heading and Amalgamated Copper. Af
ter the opening trading the market con
tlnued quiet and steady at about open
ing level.
The market showed a fair amount of
strength all through the first hour and
the upnrard movement, which started
after the opening yesterday, made fur
ther progress, the majority <•( the ac
tive Issues making material gains. The
buying of Southern Pacific, Union Pa
cific, St. Paul and the Hill shares all
came apparently from the same source.
London was a small buyer of about
15,000 .shores of International storks.
The trading 'element on the floor
turned to the bear side this morning,
basing their action on the belief that
nearly all the buying so far on the up
ward movement has been covering of
shorts without any increase In outside
speculative Interests,
LONDON 8T0CR MARKET.
STOCK—
Aichlson .,
Canadian I'adflc
Chic., MU. and Bt. Paul....
Erie
do. preferred ,
Illinois Central
s'cw York Central., • • ...
*ennsylranla
lonthenj’ Pacific.*.' .7 .7777
Union Pacific »» ,
United States 8t#el ..
do, preferred..... .. ..
U:
GOVERNMENT WEEKLY
REPORT ON WEATHER
to excessive ou the lith, J2tli, .
14th, tho excess being greatest in central
and east central countries.
Arkansas—Tho sunshine was slightly be
low the average. The days wore moderate*
Ijr warm,..but r‘
cool.
tow IUC 1UC UttJ» 1”
ly warm, but night, were g.n.rally too
root. Well distributed eud beneficial rain,
occurred o.er the greater p»rt of th* ,ute,
breaking the drought of two week,- dura
tion In Mm. Routucrn cnuntlei. The rnln-
f.ll wg. glxire the normal In mo.t ncctlon,.
Ceorgl.—The we.ther during the week
.... cool and cloudy with fraqnent rain.
The menu temperature ranged from 1 to 1
degree, below normal, Tu, rnlnfnll wa.
coueldernbly over the prerace In moat Me
llon a, henvy to execaalve fella occurring
on the Utb nnd l.th- Hun.hlno la needed,
boulelnna—Tile tempernturea wore nor
mal or .lightly below. Hcntrernl ahowera
oeenrred every day, the rainfall being henry
in eome eectfona and very light In uthera,
The aunahlne wna murh below the normal.
Mlaalaalppl—The weather waa moatly
cloudy with dally ahowera, ralna being gen-
erally heavy except over a few mini! ereea.
The temperature waa uniform aud mod
"North Carolina—The precipitation waa
ally below normal, nut waa eiceaalve
acea. There waa much leaa damage
eavy ralna and overflown than In the
ding week. The foi
.aria and the latter
(reraturea averaging two
Oklahoma awl Indian Territory—The tem
perature averaged normal: the aunahlne waa
generally deficient: COMO, ahowera oc
curred frequently In aft part, of the eec-
tlona effectuallr —
the rentral
fiouth
RANGE OF NEW YORK STOCK MARKE”
aTTotmcr
!IM Line
utrar Hetlulug,..,
i el ting
America
IlliltlllH)
Urookl.v
Rapid Transit
Pacific
ind Northwestern..,,,
trnl leather....
tlo preferred....
Chicago and tlrent Western,
(’hicago, .Mlhvauke
Deinv
Dlstllle
Erie ..
i i-fiiriu,.
nnd Bt. Paul...,
nnd Hudson.............
rltlr*
Elci
i Cei
Hi..
z .jar!tlss
Rvlll# and Nashville
can Central
mrl Pnclflc,,....,,
New York, Ontario and Western........
National Lead.,.,,.
Northern Pacific.
N>w York Central........
Norfolk nnd Western
Pennsylvania
** iple’s (Ins....
sted Stool Car.....,i,„,
do. preferred *
Piirltli- Mull
Itondlmr
Republic Steel
Hock Island.....
do. preferred...........
United States Rubber.....
.moss rui'Mueiu
Tennossee Coni and Iron.
Texas nnd Pacific..
Union Pacific
United States Btecl.,
do. preferred..;. J,
Vlrglnla-CluoUiia Cheralcsl
do. preferred.....
Wabash !
do. preferred.......
Wisconsin Central....
do. preferred
RANGE OF THE COTTON MARKET
AT NEW YORK.
The following Is tho rang# !o cotton
futures la New York tedar:
Lost rrtrlon*
Open. High. Low. Hale Close, Close.
July .mi0.l5.l0 10.23 10.24 10.25-27 10.27-2S
Aug. .10.36 10.36 10.23 10.31 10.30-31 10.24-23
Sept .10.43 10.46 10.87 10.19 10.37-39 10.41*48
Oct. .10.47 10.48 10.39 1M1 10.41-43 10.47-41
r. .10.46 10.46 10.46 10.46 10.42 44 10.
». .ia66 10.66 10.4T 10.40 10. * ‘
. .10.59 10.60 10.60 10.62 10.1
m'iV. '.i'o.M mn io.K ia«3 10.1
Cloacd .trady.
AT NEW OR LEAN 8,
(JiLWPoiLSirtasr "■ eouoB
Jl Il'tP iV"' (^*N‘. Pr n5«I2
Aug. :\h Ilf, IJ:S fif ft
8,pt .10.61) 10,60 10.66 10.86 10.6IAJ 10.w
Oct. .10.46 10.46 10.16 10.U 10.17-10 10.46-46
Nor 10.3947 17 46 47
p: :ft8 Iasi iS:551S:S !JIU! ftH
Uch. tib'.Bs To.66 Vo.66 io.oj io.Imu
ClaMd ataaily.
TIPS FLASHED
From Wall Stroet
PrIrate Wire to GIbert & Clay.
Now York. July 17.—Daniel Odell Sc
Cd,: “Purchases of juod stocks on reces
sions of moderate extent will, we believe,
give the best results for a few days, aud
while we would not abandon the trading
position nnd would toko fair returns, the
situation Justifies a prefernce for the
long side now of the active Issues he-
.mi-.- . .r Hi-- k'l'-ut'T irnpC'iv •-Hu-lit In it -r.
etnry affairs chiefly.”
No snocfnl feature to the stock market.
It la highly profesajoual.
Costs 1-82 firemlura to borrow Tennt»s
m Coal and Iron. * •
Uptown sentiment: While a great deal of
skepticism Is still expressed with respect
to the market for some weeks to com#, tho
opinion la becoming more general thot from
this tlmo on It will be easier to make
money on the long aide of the market than
at any time Since the Ban Krsndsro dis
aster. Those who are Inclined to this no
tion expect the market to go a little high
er, nnd then recede moderately, but do
not think that prices will reach tho low
level from which the present recovery
started. Yesterdny there wna much more
trading on the basis of this theory than
there lias been for somo weeks. Those
who oro still pessimistically Inclined main
tain that the decline from thl* recovery
will carry prices to a #new low iorel.
while it la probably true that bearish sen
timent fa stronger than that In favor of
high prices now, apparently conservative
In this, are taking t more hopeful view of
thn situation.
lly* breaking the drought In
I counties. -
roll ns—Bun shine, temperature
ecipltatlou much Mow normal, nl-
.mw-.. heavy rain* occurred In the extreme
northwestern southern and coast sections.
Texas iGalveston)—There was much cloud*
Iness with numerous showers and thunder
storms. The ralafaU was generally ex-
evasive except In JUo Grande valley and In
many south west era and eastern counties.
Temperature avers red from 4 degree* be
low normal In northwestern rouutles to I
degrees above normal on the southwestern
^Tnilessee—The mean temperature was he-
»«»w the normal. The rainfall was t—stelly
ample, being heavy in scattered localities
In cistern nnd western sections, bat very
light In portions of the middle sections.
GIbert A Clay's Dally Cotton Letter.
New Orleans. July 17.-The fear, as yet
unfounded, that the heavy rains of the
present hay* wronght some damage to the
growing cfop seem* to have pervaded the
foreign market for options, which, though
quiet, netted a gain on the close of 2
points. Spot quota tlonswere 3 points up.
udea amounting to 6.04) bales. ( arrant
mouths alone were steady at advSnce this
moraine due U> farther snort covering, but
there whs some noteworthy .selling of
agust by bull brokers early In tho day.
bleb lesda to that month to become point
x.1 danger for speculative purpose* nn Julys
have proven to he unless, of course, the
Interest la protected by spot cotton. Disk
tant positions, however, showetl a decldc.i
tendency to Mg despite th*» continual and
comps rati vHv heavy rainfall In almost nil
sections of the belt except the Carolines.
The government weekly review of the
weather was very favorable, not n single
Instance of damage being recorded, al
though reports of such a character w«»»ild
oof have be«-n surprising In the face of a
nrolonged spell of wet weather, and thl*.
•ther with the half tnonthlv condition
re# of Ml*- (tiles, namely. S33. g«% e to
market prices an easier tendency.
London steady.
NEW YORK COFFEE MARKET.
Opening, rioslm
tJ 6.66-6.86
'Z.:::—:::::: W n
6J0-6.K
ft ___
M.rrh
’.hra.rr
£
«j
Jfl
Si":::E:E: till
Closed steady. Hales 38,260.
COTTON 8EED oTl MARKET.
New York. July 17.—'Thero waa a moder
ate trade In the market for cotton seed
oil during the early session, with prices
firmer, showing an advance of liOHc from
Saturday. Offerings were comparatively
light, and thero waa some good support
from the bull*. Tho less favorable reports
recently regarding the strength of tho cot
ton crop have had n stimulating effect* on
prices, and whllo there has not been much
ncreoso In the outside demand, local opera
tors have shown a dlaposlUoa to keep out
of the short side. Trices at tbs close wero
14C lower to %c higher.—Ware A Leland.
* Opening
July ...
August
Heptcmber
NOTES ON GRAIN
rnlntrra on Provl.Ions,
I'rlr.t* Mir. m War* A L,l.n<l.
Chlr««ti, Jnlr 17.-I-.rl.: ripening
wheat .nd flour o*.J MflTc lower than
Friday', rim*.
Enitl.h enuntry market, qul.t. h
■tradyj WMtkrr flu,; format unaetlled.
0 B< |,...... wheat I.M off.rinc corn qul.t
tlon will lx free If It itti
CMh .(tiuTlou I. anythin, but bulllah.
m siiaup earner on
by loci, and pi
oponln*, with 1x11111* of octolxr lard tiy
J»ck Cudahy broker.. At Hie dwtlln., th.r.
waa tnytac »*r local ahnrt^ and thn mar-
ket quickly reeorrrwl, and I. now .tMdy,
ro™»l *"C. B. Lcwli, of
. I don't think Mlnnraola will
B ilw- an much wheat aa laat y.ar, but lx-
ere North Dakota and Uauitotw will mIm
cnn.lderahle more, lotted on preaent rou-
dltloua, hut It will to four week, before
th. crap I. Mf,. ”
nun reiwtrta rrnm Iowa aud JieDrai
dlcale that thn oat cro|i I. fully oq
aat year, In quality and quanlly.
In prim., eoudltlon and laraer aereaa,-, ...
«rowu f.,l.r In Ih. laat ten dare, and la
uow aa high aa laat year at thl* lima."
D.rld T, Coon, on. of th, lart.it It,
>nl. tradera. who haa ap.nt two weaka ou
hla farm, Dear Knrt Heott, Kaita., aay.:
"Field, nf oata that apparantly would yield
10 buahela to tha arra after eottlu* wooltl
not mak* 10 buihela, and all full af ruat."
A Urarpool houje cabled: "Wheat ad-
.anrlnf with bail weather report! from
Houth Runla. Bhlpmenta art loo amall
to allow of any docUue. Corn quiet, but
rathar ateadl.r-'
fa ah hnaln«.a In Chle.fo Monday wa.
90,0)0 wheat, 40,000 No. 1 hard for oiport
.till 60,000 mixed Iota to loeal mllla: corn
200,000 buahela, and oat. 130,000 bnab.la.
At Ih. tea board, 131000 wha.t .old In
all poallloiii, Includlnt *0,000 at Imlulb, 40,-
oc» at Wlnolpw, M,W) at fhlcifo, 160,.
OOO it Kinana City and 16,000 buahal* at th*
lulf. There won no aalaa of corn or oata.
Dtllrorlea on July reulracfa yeat.rday
war. 66,000 wheat, 306,000 corn, lo.raa) oat.,
360 harrala |mrk and Cu0,0i» (wranda .hert
rlha, moat of tha lottar belo* light, aud
all went to Armour.
WEATHER IN COTTON BELT.
Tax..—Trl.r, cloudy sod warm, fino An
tonio. light awewov Vn.t ntght; now rionily
oud wnrm. lhilln., cloar nud warm. IIou.-
tun, cloody nn<l threatening.
Mlxal.elppl—Vnxoo city, aeody ntul cool:
bnrd rain yeaterday. Natrbex t partly cloudy
nnd cool; hard rain yeaterday. Jaekanu,
cloudy and threatening: hard rain yester
day. Ilnttlr.hurg, rained ye.terdne .ft.r
uoon; now cloudy nud ph-nnnut. llerldlnn,
cloudy ond threatening; hard rnln yeaterday
afternoon.
Alabama—Mobile, clear and warm; hard
rain yeaterday afternoon. Montgomery,
partly cloody; rnlo yeaterday. Opelika,
cloudy nnd thrndlrulng; bard rain jraatarday
afternoon, lllrmlngtinm, drlxxllng; torn
raining tinea 3 a. m.
SELLING ORDERS
T
Yesterday's Advance Was
Regarded As a Hard •
Spot to Sell On.
SELLING WAS GENERA L
Chief Influenees Were tho
Liberal Receipts in Chica
go and tho Northwest.
By Print. Leased Wire.
Chicago, July 17,—Wheat Buffered a
sharp drop In prlct, final figures .haw
ing net loaa«a of leiltc. It was n ca.a
of both th* givat wheat bait* hodgln?
agalnat tha actum grain. Tho bulla
did not nllih .the tailing. Thera w na
buying by shorta In order to aocurn
profit* and In this Canby waa a lender.
■addlaford held an order which »<
limited aa to quantity to buy Neptem
ber and aell July at He difference.
The world'e available supply of
wheat decraaaed 4.100,000 for the week,
com decreased 1,331,000, and oata de
creased 411,000.
Reporta from the spring wheat coun
try on crop condition are generally fa
vorable.
fom and oata olosed quiet. The for
mer waa WSHc lower, and the latter
WM off tttPHo.
Hog product* were narrow lata
Cash aalea ware limited to tan Ion da
at tha seaboard. At Chlraco 15,non
wheat, 16,000 com and 100,000 oata.
Primary recelpta of whaat 1,197,010
and corn 716,000, compared with 790,-
ooq and 684,000 respectively a your
ago.
Clonrnncea were 69,000 wheat (all
flour), 66,000 com and 611,000 oata.
CHICAGO DRAIN MARKET.
ipan. nigh. Low, Clo
fa II
Pnclflc, Locomotive and Htael preferred.
Iron aod Steel trade condition* reported
of the beat, with bint* of Copper divi
dend being raised to S per cent. It I*
doubtful, however, If adrancea ran be held,
for operation, are largely profruulnual,
with very llttl* outside Interest mnnlfe.t-
rd, consequently look for a maaa of (forks
to be put on Mia wh,Dover atreogth de
velop* I
Six million 1
draw from llnula. Thte xtatemeat xbould
lead up 10 an Improvement In nther under
lying Wabash bonda. eomo of them being
on the bnrgnln counter.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCKS— BONOS AMIN
around Floor Oould Building. Dally
market latter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Cornspofidiit’s Capital 8250,000
RKPKRCNCC. THE NBAS. BANK
PHONE MIT. MUOCNTIAL BLDG
HUBBARD BROS & CO., Sm
Atlanta Offices, 219-321 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aaso-
elation, Chicago Board of Trade. New York Cof
fee Exchange. New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Distance 39. A.S. Hustace. Mgr.
COTTON^GRAlft, ^ROVIstafFsIliTOCKS^BONDS,
ho 2 Will St., ftfrai BwlHiaf, Allan. Ct.
MlmBUS:
*<• r*f» ml&ohl. uSZmi V
Atm York Cotta itekooft.
B. C COTHBAA. Hatotr.
ft«w Cotta (tebtogt.
i Caff#* Attodtttou.
Llttrooo; corrsa aioaouon.
ftlato Wirtt to Atm York, Korn Oftooot. Chlago.
Boll Yboot 1343.
WEATHER IN WHEAT BELT.
Mlchlann. W|*mn«le. Mlooraotf, lown, ,, u
koto* and Nphraakn T Kalr tonight and W#d
uesdaj; wanner tonight.
WEATHEhTfORECA8T.
Yl’nlmmn-Bbowera Tuesday ami Wedna*-
%*al**lppl-flbow#rs Tuesday; Wedncs*
‘^’“WSSS^bow.r. Tuesday nnd
VriiMiv,
Kn.t Tom.- Pnrlly cloudy Tuciulny; .1
on In north nud asst portion*; Wednesday
portly rloudy.
Arknnnn. I'nlr In west: .howera In east
art ton Tuoadsy; Wedncedoy fair; warmer
i east portion.
West Texne—Bhowors Tuesday; Wednes
day partly cloody.
l. j. ANDiRiofTSTcoi]
DAILY MARKET LETTER,
Now York, July 17.—The Liverpool
opening thl* morning showed an ad-
vnqrn of t to 4 points, with spot sale*
of 6,000 bole* at an advance of 1
point*. Our markat opened strong at
slightly higher prlcM, but after th*
opening eome selling act In, apparent
ly from purchaser* yoatarday who ware
taking prom*, and price, began to
slide back alowly. Up to noon price*
gradually worked lower on Ih* fnllur*
of any organised support to appear,
and at this tlmo art 4 to 6 lower. Tha
nawa from tha bait show* no idgnlfl-
cant change, rain being reported from
naarly all localities. The bull* argue
that In same secllona a large amount
of damage haa been done, whareaa
nthera claim that ralna In July cannot
be other than beneficial. Nevertheless,
considerable uneaslneaa la manlfaated
among ahorta and a disposition Is
shown to cover on all soft spots.
49H
Dvr 86V4 a 4 .
PORK-
Joly.^WOO 19.60
Hopt.. 17.32H 17.40
Maae. S4.» 14.68
IiARD-
& »:«•’
July,,. 9,4
SIS
f.r*,
i'jS
|f* |P
9.I2H 9.15
TV No l«> VP*:
tfl,*: N<». 3 no Tal
l .AJ'rhiK 80D63; No. 2 <U
CHICAGO CAR LOTS.
WhMt ,
Corn •*•
oat# ..
Uoga ..
LIVERPOOL GRAIN MARKET.
Whrat oprnM U lowfrj 1 JO p. m.
low##; #Uraa«l H to Inwor.
* lchnngwl; 1:30 p.
1 hlglrar.
Cnrn op#o#d
to 14 lower; el<
•4 to
I-. %
NORTHWE8T CARS*
Today*
Mlnmnpoll* 156
DulUth a* 56
Chicago 764
lu9
PRIMARY MOVEMENT.
Tho following figurea glva the primary
movement of wheat and corn:
ReeisiptM today. L1M.0M huahel*.
agalnat 790.0»» buahela Uat yaar. Bhlpmenf*
. - —^ ^ ’ —. — Lnahel*
today 126,00
laat yea-
buafi#l# laat yaar.
again*
THE SUGAR MARKET.
Prlvat# I*#afod Wirt.
Wow York, July H.-BoflnM and raw
augar markafa ataady and f»chaigfd- Lon
don Net market at#ady; July aud Auguat
kB AM. #
THE METAL MARKET.
rrlrate Leiiwl Wire. * .
PWir^York. Jnly 17 - Ther# war# morn lib
eral offering# In tin. tho tone waa coino*
what «*aal#r aud prlrao anrhangod.
r
ATLANTA NATIONAL BANK
ATLANTA, GA
C, g, CURRIER, Pr.aldont, A. E. THORNTON, VlcwPr«,ld«nt. ,
H T. INMAN, VIc^Rreehtwit. GEO. R. DONOVAN, Cashf.r.
JAMES S. FLOYD, Ah'I Caahl.r.
Capitol $500,600.00
Surplus and Undivided Profits $500,000,00
We Solicit Your Patronage.
WM. L PEEL Praokl#ot. *
ROBT. F. MADDOX. Vlco-Pro#.
Til08. J. PEHPLEB. Caable
JAB. O. LE8TER, Aaa't
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT* IMVITCO
We Invite accounts of individuals, co«pOT*tioiiH, hanks
nnd bankers and offer the best terms consistent with
conservative hanking.
In our Having# Department w# allow Interest at the Hate of 3 1-2 per
cent. Compounded Semi-Annually.