Newspaper Page Text
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THE ATLANTA GEORGIAN.
11
edited by
JOSEPH B. LIVELY
\fr. Llrely*§ 28 ywri' experience
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE JSHSrHS
COTTON OPENED.
WITHJUBIG TRADE
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.
tj priral* Leaaed wire.
Hj private Leased Wire.
New York, July 17.—The cotton mar.
ke*t opened ateady and unchanged to 3
nothte higher. There was a big trade
and quite a fight on between some of
the Intereata at the atart today, 10,000
btlea of January changing hands at
W59 Thoae who were selling It based
their actions on the clearing weather
louth and belief that the market for
the time being at least had been over
bought.
Tlis market foaecotton futures this morn
in. quite actlre In the early trailing to-
t£i Sentiment was henrlab, though the
•dii-t of some heavy selling on prices waa
■llflit, up to midday declines In the near
n*n months being some 4 or 6 polnta.
The government a weekly crop and weath*
it report was claimed by the hears to favor
the abort aide of the account, one wire
(Urging that the -report la snrnrlalugl;
•aod and doea not show the slightest In
. alien of damage, thui disproving. In a
aria meaaure, the many ailvleea received
» the effect thnt the crop was suffering
from eieesalve rains."
Ulss (tiles gives the condition of the
against 44.3 laat .month and
13 9 last year. This report was conatrned
u bearish and the market ruled aomewhat
(tiler on Ha announcement.
Colttmbni. Oa., wires: consider tli"
(top In our section In an extremely criti
cal condition at praaent. Tho continued
nlnir have eauaed the plant to grow too
rapldlv and become very sappy. Nothing
occasional showers, pnrily cloudy
n r and moderate temperatures will
r.e.ent Injury. Should the weather turn
mddenlv dry and extremely hot. It wll
cause (bedding and do a great deal of
damage." •
SPOT COTTON MARKET.
, at lie.
Xen Orleans—Steady at 11c.
Delivered on contract 200.
I.iverpooi—Quiet at 4.ltd.
LIVERPOOL COTTON MARKET.
Liverpool, July 17, 13:15 p. m.—Cotton,
trot quirt, with prices steady: middling
aplinde 6.13; Mies 6,000; American 6,400:
ipeeulatlon and export 600; receipts none,
firm.
Jaly-AuguEt.. '
iOgust-Hept..
Jtor.Dec..
Dtt.-Jsn., .. .
Ju.-Feh. . . .
Feb.-March.* .
March-April. .
Closed quiet.
Opening
lunge*
■jf
6.70
5.66 5.5
. .1.68 5.66-5.6!
.:'.6.'n’"' I.®
TODAY’S PORT RECEIPT8.
TV following table shows receipts at the
torts today, compared with the same day
ait year:
1906
1406
h* Orleans
GilvfAton
<:Mlo
HTannah
•Hrleston
lilmlngtnn
1472
1348
606
194K
77
4
2227
9772
h
128
237
Jwfolk
IUItlm»re
Vnrk
reton
iTillmlfiphla
569
:j §
3301
-83
T"»*l
8181
36448
* * .
INTERIOR MOVEMENT.
1906
1406
ffoniton !...
275
8002
Aca i-!a
keiiphu
1
»c
If
nurlnuttl
*7
*31
Inlill
477
661*
WARE AND LELAND’S
DAILY COTTON LETTER.
!*»» Vork. July 1?.—Additional rains In
Atlantic coaat region Induced more
■wt covering at the opening of the mar-
morning, and, as n result, a fur-
w advance of 2 or 3 polnta took place.
n, It was evl-
^•7—' NB i utumt- vt udrlng wni not
to carry on the oil ranee. Home
.targe trade* were made, aerernl
tie lota of December and January
U li 6*ng hands. After tills, buying wna
I li*-l on till- Milo of It few
■w*d bales at a time, until the market
!■* down 6 polnta from the opening.
very^IIttlo news early In the
|•T" ‘
UrJr.j, ,
anw m _ J|
JJ:, At noon, the report on the monthly
2*ntion, issued by a commission houae,
a decline of but .04 per rent from
‘■J im report, which wa« a dlatlnct dlaap-
H| int. A circular Issued by one of the
"■^ronwp cotton booses in the Booth
' i uniformly favorable progress over
of the cotton belt. The weekly
S ^taer report showed nothing serloua.
■ weather outlook wne somewhat better.
■ marker ummi #« r
THE dry goods market.
’ JYtvate Leaaed'wire.
”»k, July 17.—A «rmer tone wa,
ki^i nt . ln th « ary goods market today,
in consequence of a renewal of de-
2tti,f nr ° mrm aheetlngs and drills for
tD( j * 1 p 0rt The China trnde
K m 9.000 bales of 4-yard
■ good*, and the domestic demand
J increnad until an advance of He Is
ZTIl* Print cloths were firmer and
ks* h eetlagg were aold for the next
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to GIbert * Clay.
.New York,, July 17,-Prlco broke
buying this morning.
Mitchell Is pounding the market.
The Journo! of Commerce says: ‘The
market opened firmer for the week, with
a noticeably strong undertone In the sta-
JV« rations. The sales of export goods to
Lnlnn last week were larger than at first
reported, not less than 6.000 bales being
seui for Shanghai and other river ports,
ihe print cloth market Ih firmer on nar
row goods, and the mills are fairly well
cared for until September. There Is no let
up in the demand for thin fine goods, either
on contract or spot delivery, nnd the im
pression Is strong with first hands that the
wonderful demand of this year will be ex
ceeded nt the retail counters of the country
next year for these fabrlcie’V-^^f—
The Galveoton-Dallas News* second crop
report says: “Five hundred nnd forty-two
reports from correspomients showing con
dition July 13 to he 10.9 per cent better In
Texas than same date fast year; 6.7 per
cent better In Indian Territory. Same ns
loot year In Oklahoma. Texas conditions
more nearly uniform than for several pre
ceding seasons. Many corespondents say
prospects best since 1900. Excessive moist
ure reported from seven counties. Else
where apprehension expressed that there
may be too much rnln. Thus far little dam
Eastern and, southern Texas n little ear
lier than last year. Elsewhere two to three
weeks late. Picking In progress In most
southern counties. Conditions In territories
good except too much rnln In portions, of
Indian Territory. In western Oklahoma
the crop started badly.
ol 3ft4 up Is l.._
advance of 2&3
Would strongly advise keeping out of An
semi-weekly condition report.
The wet weather continues unbroken,
The western forecast Indicates unsettled
feather with probable showers for nl
states except Arkansas, where partly cloudy
weather Is expected.
Locals are gradually accumulating ■ lonu
Interest on ncount of the bulllshly expectet
weekly report and also In anticipation of
an Improvement after the Issuance of Miss
Gllra’ report. - .
Private Wire to Ware A Iceland.
New York, July 17.—The cotton market
opened about at expected.
New Orleans sold some cotton, commis
sion houses, Schlll, Wlleon and Mitchell
good buyers.
Think the market can be bought on any
little reactions for the present.
Cotton market Inclined to broaden out
during the past few days. Trado Is more
netlve nnd new business coming In. Mar
ket acta as though It were oversold. He
Here cotton can be bought on any Jlttlo
declines. Think will hare a gradually high
er market.
nary at 10.«u from If.
Buying of Schlll Is supposed to bo for
the continent. He bought 16,000 January
at 10.59.
Now Orleans, Jnly 17.—Tho steamship
Pro tens got In from New York last night 1
with 1,003 bales of cotton consigned to
Yoakn, Tex., wires: “First hale recelvod
pre yesterday afternoon. Two dsys earlier
inn last season."
Is. Looks higher.
ket opens barely ateady 5
s la rather a disappoint-
The weather map Indicates showers over
BY HEAVY RAINS
nn.v till un in u«ui |iu nun riKirurto
t of the Mississippi, where lb. Held.
■till to be getting gra.iy, bad more
n ftnvthlnn ela* te do with th, advance
took place. Yet talk of a July
e In New Orleans was not without
jentlmental effect. Frank B. Baku
and William. F. Blown, with otbara. are
anbl to be In charge of tbe July ileal there,
nnd If eurrent reporta are true there I.
■till quite n lante ahort Interest In th,
"ime of It la .aid to be In Nt*
one of tho rurtjnr* of the dajr
that 10.0)7 to 13.000 bales will be sant frr
New York to New Orleans for deliver/ on
Jul/ contracts. In aplta of tbe fact that a
revision of the dlfferenrea at New Orleans
ill, spot markets were nrtn ana
he dr/ foods reports very cheer-
great drawback la, there Is so
Ineaa Outeldera held aloof aod
were small, spot marktts were Brin and
some of tbe dr/ eoodwMMOoawWMomMhoom
till. The Kroat drew
little business Otital-...
profeialonnle tberaielves do little, tbe dla-
poiltlon being ver/ general to await event*
rather than to plunge with the rise of
the crop still undetermined. 7et wire
hnii.es bought with Tnther greater free.lem
at times for the 800th. where there la a
large ahort Interest which mar bo retting
a little nervous over the rather tinfavor-
aide reports which were being received from
parts of Oeorgta nnd tho Caroltnas —
filbert k Oa/.
Yew Orleans. Jnl/ 17.—Tlraee-Demoerat:
With New York committed to the Ion*
aide of the now crop, nnd New Orlcane
committed to tbe <* JJ* ®M;
constant endeavor ■ tho P»rt
•care artist and tbo
Houthcrn spot market lu AeUnt* of. the
New Orleans
}sry2iP ^l'F°vis e /e, u*. n«
rorktnf
follow-
nbp 1 proapectTlaa ”*®t itt«wd «tnrt«?W
^T.?'ll Iwu^’iSnr'VterefT’lSb
ficicntly formidable to niKIT
^^more ^'^^Bdinr-J^
ierto'nTO
nre.alnneX°Uta2d.
of Jodgment.
GIBERT & CLAY
W *• ALABAMA BT. COTTON. C SAIN.
cor/gg. paovtmoN*
mcmbcb*'
ATLANTA. OA.
Jjj Jerk Stock *ichanr».|Ncw Orleena Co'ton W»*F '[ ^'^“ouM-’otton’xUo^.'tl
fe fe Coffee Bxchanrell.Yew oT.nl Vo.r\ of TrJ« l&MM ^tton. Bxcbon
f-t «nd L„„q DIMancT' LIC *“°^ ; «• FA0AN * ’
STOCKS STARTED
FAIRLY ACTIVE
Majority of -Active List
Made Material Gains Dur
ing the First Hour.
LONDON SMALL BUYER
Trading Element on Floor
Turned to Bear Side! This
Morning.
B/ Frlveta Leased Wire.
New York, July 17.—On n very much
smaller volume of business this morn
ing’s inurkct fluctuated with n good
deal of Indecision. There wa* no
pressure to sell nnd, therefore, no
symptoms of reaction. On tho other
hand, stocks were more freely sup
plied, around the high figures for most
of tho active Issues than they were
yesterday.
Prices started out higher In sympa
thy with renewed strength on nil the
foreign markets. Tito great port of the
share list went on this advanco a trifle
higher than the best they sold for yes
terday. Then the supply for snip In
creased nnd the upward Inclination
was checked. Southern Pacific, on the
usual dividend talk, was bought with
some confldence at higher prices, but
this was an exception. Generally, the
trading was very dull and resulted, up
to noon. In no changes of consequence.
Th- prnfesslimitl ---nt tnu-nt were -II
vlded In.their sentiments, but the ma
Jorlty of those who cared to do any
thing at all were 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. The
heaviest trading at the start xvas In
Reading and Amalgamated Copper. Af
ter the opening trading the market con
tinued quiet and steady at about open
ing lovol.
The market showed a fair amount of
strength nil through the first hour and
the upward movement, which started
after the opening yesterday, made fur
ther ill miss*, the majority of th* ac
tive issues making material gains. Tho
buying of Southern Pacific, union Pn-
cltlr, St. Paul and the Hill shares all
came apparently from tho samo source.
London was n small buyer of about
16,000 shares of International stocks.
The trading element on the floor
turned to the bear side this morning,
basing their action "it the belief that
nearly all the buying so far on tho up
ward movement has been covering of
shorts without any Increase in outside
speculative Interests.
LONDON 8TOCK MARKET.
RANGE OF NEW YORK STOCK MARKET
Amnljramntetl Copper...
Atlantic Coast Uns....
▲Barkan Sugar Refining
Ann. on.In
Amerlfim Ixx-oinotlve
»l<» preferred.
Aincrlcitu Smelting Refining.,
«lo preferred....,
▲CtklSOL |
do preferred
▲marksn Cotton oil
Baltimore ami Ohio....
Brooklyn R.i;«i«J Transit
I'nnndlnn I’nelfii*
t’hirHKo nml Northwestern
Chesapeake nnd Ohio..
Colorado Fuel nnd Iron..",.
Central Leather
i!o preferrt'd
Chios go ami Groat Western
Chicago, Muornnkat and 8t. Faul
Delaware trail Hudson.....
Distiller's Securities..
Erie .•
do preferred..,,.,..,.,
General Electric.......
Illinois Central
Amm i' i»n IN MCQfitlM
I.4>u!h\i!!e and Nashville
Mexican Central
Missouri l'neifie.,
New York. Ontario and Weatern
National Lead..... *
Northern Pacific
New York Central.,..,..,,
Norfolk nml Western.
Pennsylvania
People's Has.......,,
Pressed steel Car....,,..,
do, preferred...,,.,..,,..
Pacific Mall
Rending
Republic Hteel
Rock Island....,
referred......
STOCK—
Atchison.. ..
Canadian Pacific.. . .. .....
Chic., Mil. and St Paul
Erie ....
do, preferred.. .. .. ..
Illinois Central.... •• •• ••
New York Central.. • • ••
’ennsylvanln
tending
Southern Pacific
Urtlon Pacific
Unltod States Steel.....
do. preferred
II
GOVERNMENT WEEKLY
REPORT ON WEATHER
Alabama—The days were comparatively
cool, but the night temperatures were sea
sonable. Tho rainfall was generally light
to excessive on the 11th, 12th, 13th and
14th, tho excess being greatest In central
, ... were generally too
IffooL Well distributed and beneficial ralna
occurred over tho greater part of the state,
breaking the drought of two weeks' dura
tion in some Southorn counties. Tbo rain
fall waa above tbo normal In most sections.
Georgia—Tbo weather during the week
— —• — 1 -•— —*•*- "—nent rains.
_rora 1 to 3
rn* 1 * was
considerably over the average In moat sec
tions, henvy to excessive falls occurring
the 13th nnd 14th. Sunshine Is needed,
.Louisiana—The temperatures were nor
ma! or slightly below. Scattered showers
occurred every day, tbe rainfall being heavy
in some sections nnd very light In others.
The sunshine was much below the normal.
Mississippi—The weather was mooay
cloudy with dally sbowera, rains being gen
erally heavy except over a few small arena.
Tbo temperature waa uniform and mod-
er North Carolina—The precipitation was
nerally below normal, out waa excessive
places. There was much less damage
heavy rains and overflows than In tbe
preceding week. Tho forepart of the week
was warm and the latter part cooler. Tem
peratures averaging two degrees below the
normal.
Oklahoma nnd Indian Territory—The tom
perature averaged normal: the sunshine was
generally deficient: copious Showers oc
curred frequently in nil ports of the sec*
t ona effectually breaking the drought In
• ■ ■ lit rfi I < «»uM l»*s
South Carolina—sasabiM, temperature
and precipitation mach below normal, al-
though heavy rain* occurred In the extreme
northwestern southern and coast sections.
Texas (Galveston!—^There was ranch cloud
less with numerous showers nnd thunder
storms. The rainfall was generally ex
cessive except lie Rio Grande vslley and In
many southwestern nnd eastern counties.
Temperature nvernged from 4 degrees be
low.normal in northwestern counties to I
degrees above normal on tbe southwestern
CiUSt.
Tnnesaee—The mean temperature was be
low tbe normal. The rainfall wna generally
ample, being heavy in scattered localities
In eastern and weat4»rn sections, but very
light in portions of the middle sections.
Gibert A Clay's Daily Cotton Latter.
New Orleans, July 17.-Tbe fear, aa yet
‘ Ided, that the heavy rains of the
t have wrought some damage to the
crop seems to have pervaded the
jiarket for options, which, though
netted a gain on the_close
points. Spot quo tat
mOmumw ware *tmdj »t (<nm tkU
„.»rnlu* .It. to further eliort rorerlo*. hot
there ora. mm not,worth/ hHId( of
Auxtut b/ boll broker, rerl/ ln tbe d*z.
whleh lead* to th*t month to bemme point
of (Unirer for npee.Uttre pMrpore. Jnlr.
hare prove, to be Knlen. of eoaree, the
Interest U protected b/ .pot cotton. Iti*-
tnnt portion., however. .Iiowcl n dretded
tendency to Me dc.pl> the cooUnoed nni|
com para tlvel/ Se»v/ rainfall In almont nil
■eclloon of thn belt except the Carolina*.
Tbe cov.nuneot weakly review of the
weather wm. very fovenble. not * Mn*te
* beln*. recorded.
do. preferred...••.•.•,,..,.....,4.
Tnitcd States Rubber ;
do. preferred
Southern Pacific
Southern Railway
do. preferirsa.........
Bloss-Hheffleld
Tennessee Coal and Iron
Texas and Pacific
Union Pacific
United States Btesl
do. preferred...,.,.....,..,
Vlrglnla-Cqrollua Chemical
do. preferred.
Western Union
Wabash
do. nreferred.,*.... %
Wisconsin Central
do. preferred
w
-*s
RANGE OF THE COTTON MARKET
AT NEW YORK.
Tbo following la the range In cotton
fututes la New York tcdxv:
Last Previous
Open. High. T/OW. 8nlo Close. Close.
July .16.30 10.30 10.23 10.24 10.25-27 10.27-29
Aug. .10.16'10.16 10.29 10.31 10.90 31 10.24-25
.10.43 10.46 10.37 10.19 10.37 19 10.41-43
ms .10.4T 10.49 10.89 10.41 10.41-42 *10.47- ‘
NOV. .10.46 10.46 10.46 10.46 10.42-44
~ . .10.65 10.66 10.47 10.49 10.46 “
. .10.69 10.60 10.60 10.62 10.61
Mch. liblii ib!«a iolia io!n iolel
Cloacd BtCRll/.
AT NEW ORLEAN8.
Tb" followlnff I, thn ran,. In cotton
future, in K«w Orle.n. today*
- _ ... . . I.jt rravlou.
Opeo. f]!*. jf*. B*re .Clore. ( lore.
ffiSr. M !J:£ m »:■
g»^t .10.01 10,00 10.W 10.1
. .10.48 10.48 10.18 J6.U
b2e.‘ lio.ji iKjj io.» i«.«
Jan. .10.33 10,34 10.44 10.44
M 8ki«id'ite8d/* W.*8?
TIPS FLASHED
From Wall Stroet
Private Wire to Gibert ▲ Clay.
New York, July 1J.—Daniel Odell ▲
Co.: *.'Purchases of gbod stocks on tecea
slons of moderate extent will, wo believe,
give the best results for a few days, and
while we wmiM n<»t nlmndon the trading
position and would take fnlr returns, tho
situation J*IM» I n*-» it prefernee fur tlu
long slae now of tho n<-ti\4> 1hhiu*k !»••-
cause of thn greater Improvement la mon
etary affairs chiefly."
Uptown sentiment: Whllo a great deal of
in * “ *
OMILww — W VV-..WB — m - —- —r —
this time on It will be oaslor to mako
money on tho long side of tho market than
at any time since tbe Han Francisco <lls
aster. Those who sre Inclined to this no
tion expect tbe market to go a llttlo high
er, nml then recede moderately, but do
not think that prices will reach tlio low
level from which the present recovery
started. Yesterday there was much more
trading on tbe basis of this theory than
there lias been for some weeks. Those
who oro still pessimistically Inclined main
tain that the decline from this recovery
will carry prices to a nsw low level,
whlls it la probably true that bearish sen
timent Is stronger thsp that In favor of
llgh prices now, apparently conservative
n this, are taking a more hopeful view of
the situation.
Private Wire to Ward ▲ Leland.
New York. July 17.-Consols iidrnneed
11-6 for both money sod account in Lon-
don.
Tondan *>ody.
Advancv, «t*rt»4 /«>«!*/ m»y r»rr/
lb. mark*t bl(b*r u tb* .hori lnti-r*.t !■
Inrge .nd tlicro I. bull talk on 8t. l'oul.
IinUImor. »nd Ohio. Atrbl»on. MI.reurl
I’.clflc, Locomottv* *nd 8t».l pref.rred.
Iron and Btrel trad* condition* reported
of th* boat, with hint* of Copper tilt!
tlend belli, ralMd to, 8 per rent. It I*
doubtful, however. If advaneea ran he held,
for operation* »re Ur/ely profeulnnal,
with very little outlld. Intereat mnnlfeat-
NEW YORK COFFEE MARKET.
Following la flven tbe openln, and eloalna
quotation* of tbo Now York coff*. market
today t
Openln*.' ClnjlQ*.
January
February
March'.'...
April
M*J
Juno
July i
Auffuat
September
October 883446 8JM.40
Me'?.:::::::::::::::: iSifl
Closed steady. Hales 29.250. *
COTTONSEED oTL MANKET.
New York, Jnly 17.-/There was a moder
ate trade In the market for cotton seed
oil during the early enaslon, with prices
firmer, showing an adronce of 440Hr from
jfurday. Offerings were comparatively
light, nml there was some good support
from the bulls. Tho less favorable reports
recently regarding the strength of the cot
ton crop have had a stimulating effect on
prices, 8ml while there has not ueen much
.ncreaso In the outside demand, local opera
tors have shown a disposition to keep out
of tbo short side. Prices nt the close wore
He lower to He higher.—Ware & Leland.
Opening
Range. Close.
:::::::::
M ftMH 97HVMH
bor.
..u,ember
December .......
NOTES ON GRAIN
Polntors oa Provlalons.
I’rlvat. Wire to War, A Lalaml.
Chlcayo, July 17.—Parlai Op.nln,
wheat and flour May IfflOe lower tbao
Frldoy'a cIom.
Whrat actln, b.avy at tb. dwlln., and
abort llu.a out a,aln. Ou,ht to rallr a llt-
tl., hut liquidation will b* freo If It ,et*
below 73.
Tb* ord.ra for corn are In September
thla morntn,. Comml*l*on bOMM have
tbe bar Id, aldk; alevatora th, other. The
ca*b wit nation la anythin, but bullish.
Oata a ahado eaaler on tratiered aellln*
by ca*b houae*. Iluyln, by local* and pit
crowd. Trail* lt,ht.
ovlilnna were • ahada lower an the
■In*, with aellln, of Drtolmr lard by
.1 Cudahy broker*. At the decline, them
wa* buyln, by h«ol abort*, and the mar
ket quickly recovered, and I* now ateady.
Cblr*,o Inter-Ocean; . "C. F. lewl*, of
Itlnneapolla: 'I don't think Utuneaota wilt
ratio a* much whrat a. laat year, but he
ller, North Dakota and Manitoba will rala*
roneldcrahlii more, baaod on piMent cou-
dltlima, hut It will ba four week* before
tb* crop I. *«f*.’ "
S c, Snyder A Co., Onmont, N*br.:
II report* from low* and Nebraska In
to that tb, oat crop la fully equal to
laat year, In quality and quantly. Corn
In prim* rouillt[ou and larger *cre*,e, ha*
,rown filter In tb, la.t ton day*, and I*
now a* hlfh aa laat /Mr at this tlm*."
David T. Cooa, on* of tb, targaat St.
feiul* trader*, who ba* *p,nt two w**k* on
bl* farm, near Fort Scott. Kan*., *aya:
"Field* of oat* that apparently would yield
30 buabela to th, aar, after cutting would
not make 18 buabela, and all full of ruat."
mucin, with bad weather repurta from
Houth Itueeta. Hhlpineut* are too amall
to allow of any declln*. Corn quiet, but
rather atMdler. 1 '
Caab hast dm* In Chirico Monday wa,
30.000 wheat, 40,0t» No. : Tmril for export
• ud 80,000 mixed lota to I— r
300.000 buabela, and oat*
,ulf. Them were no mIm of corn or ontn.
I)*llrerle* on July fontraetn ye*t,rd*y
were 66,000 whrat, 3)6,000 corn, 10,00) nntn,
250 liarrel* pork and 040,000 imund* •Imrt
WEATHER IN COTTON BELT.
r«xa»—Tylnr, cloudy nnd wnrm. Hnu An-
tuidu, light ahnwer laat night; note cloudy
nud warn] lialln*, clear nnd warm. Hone-
tun, cloudy nml threatening.
Mlaalaelppl— Yaxoo city, cloudy nnd cool;
linrd ruin yeaterdny. Nntchex, pnrtly cloudy
and coot; linrd rain yeaterdny. Jackaon.
cloudy nml threatening; hard rnln ycalar-
day. Hattiesburg, ruined yesterday nfter-
noon; now el-indy nnd pleasant. Mcrhlliin.
cloudy nnd thrcatanlng; hard rnln yeaterdny
iirr*
Alnbamn-Mohlle, clear nnd warm; hard
rain yesterday afternoon. Montgomery,
partly cloudy; ralu yeaterday. Opelika,
Cloudy and threatnnlag; hard rain yesterday
afternoon. lllrmlngliam, drlxxllng; been
raining alnca I n. in.
WEATHER IN~WHEAT BELT.
.Illnola, Indlqnn, lewcer Michigan, Upp
Mli-lilgiiu, H'Urunaln, MlnneBMn, Iowa, l'«
tutaa nnd Neliraaka — Falr tonight and wed-
neaday; warmer tonight.
WEATH EiTfORECA8T.
Igmlalana—Shower* Tneaday; rooh .
Iirthneat portion; WednCaday pnrily
SwwglA-Ehowera Tneadny and Wednei-
ftaliama—Rbowofa Tneaday and Wadcst
Vl'lealaslppl-Ithower* Tneaday; Wednaa-
<1 °^'eS r< nM4da^<howera Tnaaday and
Wedneaday.
Laat Teina-Partly cloudy Tneaday; ahow-
..-a In north and Mat portion*; Wednesday
pnrily cloudy.
ArkODana-Fair In west; ahowora In cut
or Mum Ill) ; ltv.liie.by fnlr; wurniei
It i-aet Ilui
SELLING ORDERS
T
Yc8tordaj’’8 Advance Was
Regarded As a Hard
Spot to Sell On. • f. :
SELLING WAS GENERjYL
Clilef Influences Were tho
Liberal Receipts in Chica
go and the Northwest. '
By Prlrat* laaaed Wire.
Chicago, July 17.—Wheat Buffered %
ahnrp drop III price, (Inn! ngurra allow
ing net loaann of 10114c. It wan a caa*
of both the great wheat belt* hedgin'
agalnat the actual grain. Th, bulla
did not rellnh th, aelllng. There waa
buying by short. In nrder tq accurn
profit* and In thin Oubv »m h lender,
l'aildleford held an order which »u
limited u to quantity to huy Septem
ber and nail July nt Me difference.
Th* wo'rld'a available supply of
wheat decreased 4,300,000 for the week,
corn decrMmed 1,333,000. and oats de-
creased 411,000.
Reports from the spring wheat coun
try on crop condition aro generally fa
vorable.
Com and oata closed quiet The for
mer waa HO Ho lower, tuid the latter
wan off HtfHe.
Hog product, were narrow late.
Canh nalen were limited to ten load,
at the eenboard. At Chicago 15,000
wheat, (6,000 corn and 100,040 oata.
Primary receipt, of wheat 1.107,0017
and com 734,000, compared with 7!>n.-
00# and 634,000 reepectlvely a year
ago.
Clearance, were 00,000 wheat (all
flour), 60,000 com and 838,000 oatn.
CHICAGO GRAIN MARKET.
ale whenever strength de
ar* offered for Mle la'Parla,' and InCwa-
Ilona ara- they wilt Had, a raady .market,
owing to tbe deelr* of Investors to with
draw from lluaala. Tbl* statement should
bad np to nn Improvement In other under
lying wnhnsh bonds, some of them being
on tho bargain counter.
SOUTHERN EXCHANGE
Oldest Established Office South.
com* * STOCIS -fiOHOS—GfUW
Ground Floor Oould Building. Dally
markat letter and market manual
moiled on application.
■'■■■■ ■
L. J. ANDERSON & CO
Bankers and Brokers,
dOTTON, STOCKS, GRAIN
Corrtspondmt't Cipltal $250,000
RKfCRKMCC, TH* NCA1. BANK
PHONC f«T. PRUOKNTIAL tLOO
HUBBARD BROS & CO., meSis
Atlanta Olliceu, 219-321 Century Building.
Member* Newt York Cotton Exchange. NewOr-
leana Cotton Exchange, Liverpool Cotton Amo-
ciatlon, Chicago Board of Trqae, New York Cof
fee Exchange, New York Produce Exchange.
Duiinejs solicited for the above exchange,.
Direct wire service. Correapondence Invited.
Phone* <54, Long Distance 34. A.S. Huitqre. Mgr.
L. J. ANDER80N A CO'8.
DAILY MARKET LETTER.
Naw York, July 17.—The Liverpool
opening thla morning showed an ad
vance Of 3 to 4 point,, with epot an lea
of 8,000 bale* at an advanco of 3
points. Our market opened strong at
slightly higher prices, but after th*
opening some aelllng act In, apparent
ly frotn purchaser* VMterdny who weto
taking profit*,''and prlcca began to
slldo hack slowly. Up to noon price*
gradually worked lower on the fnllure
of any organlued support to appear,
and at thl* tlm* are 4 to I lower. The
news from th* belt ahow* no signifi
cant change, rain being reported from
nearly all localltlea. The bulls arguo
that In aome section* a large amount
of damage hoe been done, whereas
other* claim that rain* In July cannot
be other than beneficial. Neverthelcaa,
considerable uneaalneaa la manlfMted
among ehorta and a disposition la
shown to cover on all loft spot*.
Open.
WI1BAT-
Jaly.... 74
E:;:- St
CORK—
Juije.M 61H
ftopt.... SlH_
oat'A-
July.....
R#pt
Ds«.
roiiK—
July... 19.00
77V4
79H
7»1*
ly *•**• 37't
IIH
liS
4k*s
a
19.00
Sopt.e 17.:r:^ 37.40
Jnn— 14.80 14.11
LARD—
nit
36H
19.00
Bl
14.90
34^
°8 t iDE»- 07
jgfr; I'rhj 9.‘a7«
OtfL... 9.m{ ff.15
4'ahii wnnAT-
H 9.C
9.67H
9.374
!* .774
9.15
9.124
• aoii U111.A i -
No. 2 red 7*4^79: NO. I do tTff76: No. 3
hard wintsr dsw nffljNn. 3 do a4«77:
No. 1 northern spring 30©9J; No. 2 do i94
42<1; No. 3 do 754271-
CHICAGO CAR LOT8.
LIVERPOOL GRAIN MARKET.
Whrat opsnsd H lower; l-JO p. i
H lower; clo*8*d 4 4 lower.
Corn opened unehROgad; 1^0 p.
to H lower; closed H higher.
NORTHWE8T CARS.
th** northwest
PRIMARY MOVEMENT.
Wheat Receipte today, 1,196,000 hnshela,
agnlnst TDO.0W boshsla last year. Khlnmenta
today 336^100 bushels, aanlrist 294,000 nushsla
last year. .
Corn—Receipts today 724,000 buabela,
jfiitriHt 564.0«) liuabeU last year. Hblr>«
rnenta today bushels, sxalnse 358,00®
bushels laat year.
THE SUGAR MARKET.
THE METAL MARKET.
rrlvato Leased Wire.
Bjaw York, July 17.—There were more Mb*
eral offerings In tin. tho ton** was somo*
whst easier and prlees unchanged.
Copper was dull and nominal.
Lead and spelter were dull and an*
changed.
r
ATLANTA NATIONAL BANK
ATLANTA, GA.
C E CURRIER, President. A. E. THORNTON, Vice President.
H T. INMAN. Vlee-Fraaldent. OEO. R. DONOVAN, Caahlar.
* JAME8 8. FLOYD. As**! Caahlar.
Capital.
Surplus and Undivided Profits $506,066.6#
We Solicit Your Patronage.
PERL, President,
r. F. MADDOX. Vlee-Prea.
TIIOS. J. PEEPLES. Caablei
JAS. O. LESTER. Ass t
s.Htocksj
BONDS,
Instance of *lamage l»elng recorded. nl* t
though reports of snob a character wool*! \
nor hare l*eeu surprising In the face of a I
tig***! of wet weather, and thin, i
i. ..... i , t... I .IF (-■.(i. 11 f 1. .n
Nto Orfesai.
WARE A LE
COTTON, GRAIN, PROVISIONS
g». 2 Wall SI., hit'i •«»</(». (1/1(1., Ca
HI MBltS
gee Vail CaWae fafim C /a iilllil't
Mew llr'MPf Cd'fM Ildlllf. ChlCSQO i'* * ’*• , *J»*
llttrpoo! cJttto 4*«SCt»lfsa **■
frlrahWM f# York. 0rt*9•». Ckltojo. 9. C
toil '!*•« tH2
SttnlorO Fhooo 296.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.06
SURPLUS AND PROFITS . . . • $500,000.00
ACCOUNT* INVITED
Wo invite accounts of individuals, corporations, banks
and bankere and offer the best terms consistent with
conservative banking.
In our Bavin?* Department we allow Interest At the Rate of 3 1-3 per
cent. Compounded Semi-Annually.