Newspaper Page Text
THE ATLANTA GEORGIAN.
MONDAY, JULY 3,
JOSEPH B. LIVELY
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ^
11
ority to bla *j-eclnltjr.
WAS THE FACTOR
Hail a Depressing Influence
on the Markets of
the World.
COTTON IS AFFECTED
Bulls and Bears Were Sell
ers and Sharp Declines
Occurred.
By Trlrate Leered Wire.
X,«r Vork. July 3-—The cotton market
I barely ateady. 4 to 5 potuta lower.
-MrHr reflecting the dlaturbod Kuaalau alt
,all,>i, That prlcea illd not break more
,iue to tho Tart thkt room tradera #1
Milr much overaold. were holding off,
militia for aome big holder to market bla
„,l,m under cover of which they might
raplarc their aalea at a good prodt.
The situation In Ituaala waa tile doml
mat fnctS?In all the markets thismorn,
hfy and to that Influence can bo attributed
5f ahnrp decline In cotton.
Til" market wna more active In both hew
York and New Orlcana. than recently, lull
1 tlment waa lienrleh and aelltug from
, ■ „f the account waa In evidence
tfiniab the morning aeaalou, the complalnta
if to., ntnch rnin Tn aectlona being offaet
, the Ituaalan newa, mid heavy blocks of
its new trims were offered at constantly
*rli l !’ ,n iSaKru" 1 weather forecaat Indicate,
for A Inlet ma. Jthudnatppl and \t eetern
horl.ln generally fair tonight and Tuesday.
The ueatern forecaat Indlcntea fair
entther for Oklahomn and Arknnana and
partly cloudy weather for the balance,
ffil,'showers probably In Umlsjntia and
Texas rainfall: 1*1*“™, ,; le ' HreaUnm.
trarc: rorslcann, .43; Dallas. .Ml Fort
tvnrih. .14; flilveston. .24: Henrietta, traee;
KerrrIHo. .05: Longview. 1.32; Moxlg. traee;
Nflooipl.whes, .63; 1 nlestlne, .68. Ban An*
til." traee: Kherman, 1.32; Taylor, traee;
Trainla 02: Waco, 1:05: Wnxnhnchle,
rnee: ivAllierford, .54; Wharton. .04.
Southern Trine. . ,, —
Price estlmatea the crop at 11.252.000
hates. This Is 500.000 Imles more than bis
ntlninte of last year.
SPOT COT! ON MARKET.
Atlnntn—Hteady at lie.
New York—Quiet nt 10.00c; dellyered on
fnntrnet 1.700. . .. ..
Sew Orleans—Rosy nml ateody at 10 16*1«|
Kies 1.575: dellyered on contract, 1,000.
LIvprjKM*!—I Mill nt MM.
Ananyin Quiet nt 1114c.
savannah—Qnlet at 10 1118c.
3i. Is,nls -Quiet nt lie.
LIVERPOOL COTTON MARKET.
I.lrerpool. July 51. 12:15 p. m.-fnttnn,
.nut .lull, with prlcea cnsW: middling up-
lands «.IB: sales 4.000: American 3.699: spec-
nlsrli.it and ei|iort 400; reeelpto 500, all
American.
Futures oppn«1 steady.
ci<ww».
Bept.-Oet
Grl.Nov. . .
{nv.-pPr... .
►er.-Jnn. . . ,
lin.-FH*. . .
>ii. Mnrrh. . ,
Slsrrh April. .
fl****d quiet.
Prarlntu
Clow*.
5.75-5.76 8.60
, ..5.T7-6.74 5.73 5.77
..5.59-5.67 5.55-5.66 6.®
. ..5.53-8.61 5.80-5.51 5.58
. .5.59-6.57 5.56-6.57 5.60
R.M 6.58
. .5.68-5.66 5.56 5.59
.. .5.60-6.57 R.57 5.®
5.58-6.50 5.61
. 5.66-5.61 6.63 ;
TODAY’S PORT RECEIPTS
7jlMf»|phln
Total |
(DM |
13.634
INTERIOR MOVEMEf
IT.
1906
1306
n-»iit„n
586
212
IS
»
3007
160
263
265
. 406
Aijnietn
wnphl*
5* L"il«
Iminnntl
Tatai
wa
13551
GIBERT A CLAY’S
DAILY COTTON LETTER.
Aew ttrluttijs. July 51.—The nentenesn of
hi nit. ... __
jr* laititl.iiity, due to an expedited early
,- ,,M *nt nml the aUguatlon through oyer*
*a thu 1 ,"" p' f * ,h< ’- ««?ra trade. OpQona
lucullMei.' sxreedingTy 'heayy rains
*ept the cotton licit Sunday have
win brought out rumors of serious dam-
J*- l'"t c.mflrmatlona of these rumors are
”1 aettrue and moat reports coutlnue In
■» main farornble. In nome of the gulf
“'ey a. timi Improvement baa taken place
owing to the prevalence of pi'dal-
[I- Toe market la now beret with many
gaenuu, dlreeify lienring npon fature price
•*“««. The erltenl period of the grow-
If IT’ 1 ' 1 . '* »t hand, and on the charee-
C *■ 'be weather for the next flve or
7. ! wk * wl| l depend whether or not pree*
E? 'be Far 5Uat v and .the i-onai-qiient
Euro|te. and uotr the mar-
z? Car Keel, and tne i-onrequanx
Imparted to the market’s no*
Wan. and lastly, tke rasas don of tie-
Sf* fat bnlsked goods are factors to be
I?**" 1 "ttli In forecasting the tendency
•arkot prlcea.
GOTTON seed oil market.
*}
Wither'.'. " £ “ “jj
gfc;; .V ;;
j?® 1 *:
ftp* nlBg
I-'uucs. Ck***.
*7 03
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbert & Clay.
New York, July 21.—Liverpool 2 to
I lower—wna expected 2 up.
New York. July 21.—Dick Bros. * Co.
says: "A rally might come In the mar
ket at any time, but we consider it a
sale, and hardly think that any upturn
will be worth playing for.”
Norden & Mitchell hammering the
market.
Price brokere selling.
It looke as though Price was trying
to liquidate.
The surroundings of the market are
all against prices, the European flnan
clal situation aspeclally.
Mitchell offera 5,000 October at 10.22
and Norden offering large block of Jan
uary.
Dick Bros, have been steady buyers
here today, covering shorts.
New Orlcana, July 23.—Liverpool 2
to 2 lower Is disappointing.
New York wires: "Price trying to
sell."
The market Is being sold 'on very
unfavorable foreign newa. The Euro
pean financial situation la especially
grave, nnd Is creating some uneasiness
In the market.
Today’s map shows general and
heavy rains over belt; the precipita
tion being especially heavy In the At
lantic's and the western portion of Tex
as. The present protracted wet spell
Is causing aome uneasiness among the
shorts, and market prices show an up
ward tendency this morning on cover-
Ing'and some fresh buying by scalpers.
Belas Bros.’s cable ua: "Don’t think
the market can be sustained In conae-
quence of fear of a monetary crista tn
Russia; early movement and over
stocked east.” »
New York wires: Vrice Is giving ev
ery bale the market will take.”
Market Is barely steady and prompt
ly yields to attacks.
Prlvato Wire to Ware & Leland.
New York, July 23.—Liverpool fu
tures opened barely steadw and un
changed at 12:15 p. m., 2 to 3 down and
dull; sales 4,000. Spots 3, down, at
6.05; due to come 2 up.
Mitchell offering 5,000 December at
10.35, and 5,000 October at 10.21.
The New York market opened lower
on disappointing cables, due to dis
quieting news from Russia. Schlll &
Mitchell big sellers, assisted by locals.
Very little cotton seems to be wanted
on decline.
Room traders pounding the cotton
market, and though there la active
trade, find little resistance. Outside
longs appear to ,be selling and buyers
scarce.
Shill offering 5,000 December at
10.25.
New Orleans, July 21.—Liverpool ca
bles are unfavorable. They should
have been 1 to 2 up on both American
markets Intead of 2 to 3 down as they
were at 12:16 p. m. Consols are 3-3
down at 8613-16 for money, which re
flects the nervousness over the Russian
situation. This nervousness Is prob
ably . the cause for the depression In
cotton.
Rushton, La., Wires: "The outlook
for large yields of crop continue bright.
A few light ehowera this week, but not
enough to cause uneasiness."
Merrouge, La., wires: "Cotton Is
growing too fast In some places; too
much rain; fruiting fairly well; stand
good; outlook fairly favorable for large
yield. All other crops fine.”
The net stock of cotton In- New’ Or
leans Is 32,753 hales against 47,160 at
this time last year.
The amount of cotton on shipboard
la 14,930 bales against 29,320 last year.
Bears are resting after some heavy
selling. The whole situation now de
pends on Russia. For the moment
crop news Is attracting little notice-
selling Is for both long and short, ac
count.
Spots are In little demand and noth
Ing has been done.
INITIAL PRICES
SLIGHTLY LOWER
Grave Character of New
From Russia Caused
Opening Weakness,
BUYING WAS HEAVY
At the End of First Hour
Stocks Showed Material
Gains Over Saturday.'
WARE & LELAND’S
DAILY market letter.
Now York, July 22.—'Thero wna another
dltnpnolntof! cable from Liverpool thl* morn-
Ing. nnd the ronnlt waa a decline In prices
that carried the market back to the low
level reached about a month e*o. There
seemed to be a very general feeling that
the bun lender was attempting to sell
cotton, and the effort to find n market for
the large quantity of October and Deecni-
l»er options carried prices down rather rap-
dlv. Tho knowldfire that August cotton
las still to be liquidated tn certain dl
rectlona led to weakness In the near poel
was unespecuHj. iiirriiuhu hr 777 ’f
rains were again reported In^ the Altaic
tic aectlona, nnd In view of the fnct that
such a conservative authority ns nrnd-
street's stated on lliiturday Jhat the Oeor
gla cron Is In 1
sure that and— -- • --r--- —
snre htRt suddenly developed proved an
dine, shorta covered, but there was not
enough buying to prevent general liquida
tion and the low er prices. The undertone
did not have much, strength, and for the
time being lower prlcea may lie recorded.
th4 sugar market.
Private Leased Wire.
>w York. July 1/^*1
raw sugar steady and “•“'hanged.
beet market firm; July and August 8s 6%d.
THE LIVE STOCK MARKET.
Chicago, July 29.—Hogs—Estimated re-
•Inta tmlav. «"f*M Strang to*
0h (‘’attli> h -"Iflniat^l' rerrlpt,. mar-
kot itra.lr t» We low,- —•"* '■*'
ilrev,,. I4.06<i«.*0: raw., - . - n v
,r». l2.4Nrf.40: ralr«x.
.Hiiii, "tto. 15416-40, poor to momtiiii.
NEW YORK COFFEE.
Pillowing la S*v," the opening and eloalng
qnotntiotii of the New York coffee marker
,n,1 * 3 ' : Opening
Rang,. Clot*.
ivbrnar’ IHItSS AJLTOO
Jnlf *. ..4A5 6504.65
September 4464.72
’• V 450 470480
NooMU.hr'! 6.904.86
Peeenil>er.
C'loeed atendy.
• ALABAMA ST.
GIBERT & CLAY
stocks. nONOA
OK A IN.
CO FTCC* provisions
M ena B e R Si
ATLANTA. ON
By Private Leated Wire.
New York, July 21.—The security
markets were confronted today with
quite the moat aarioua aspect of Rua
elan affairs that has apepared for the
whole two ywra during which the
trouble of that country hava bean
prominently before the world'! atten
tlon. The view commonly, taken
throughput financial Europe was that
the dissolution of the douma rendered
more Imedlately probable than ever be.
fore the long-awaited revolution, and
with this Idea prevailing, what, con
alderlng the previous decline, was the
worst collapse witnessed, occurred In
Rueelan securities thin morning.
Russian bonds fell 3 1-2 points, while
the discount on the new loan rose
points to a figure of 10 cents. The
British consols dropped 1-4. French
rentes and other government securities
fell about a like amount at the gen
eral markets at London and the con
tlnental cities. American stocks were
down 1-2 to 1 per cent. In antldpat
Ing heavy selling from the other side,
our market opened off corresponding
ly. 8ales for foreign acount nnd local
realization continued for the flrxt hour,
hut the stocks were readily nhd even
eagerly taken, and when the pressure
llgli tend, as It did by the middle of
the morning, prices rose briskly all
around.
That an exceedingly broad and active
demand was present, and that It no
longer so largely represented short
coverings, were facts beyond dispute.
In the stock market the fresh com
plications In the Russian situation
since Saturday were reflected on
moderately lower range of prices In t
local market at the opening. Initial
quotations showed declines ranging
from 1-2 to 1 per cent
After the opening trading the market
showed some disposition to rally, but
the tone still remained heavy.
The grave character of the news
from Russia aroused weakness In the
market at the opening, but heavy sup
ply on the Initial declines waa quickly
and eagerly abxorbed. There tax good
buying of Southern Pacific.
Price movements were of a moat Ir
regular character, declines ranging
from 1-2 to 2 points In the first few
minutes, being followed by advances of
1 to 4 points. At the end of the first hour
nearly everything on the list showed
material gains over Saturday's closing.
About 20,00 shares were sold here ro
London account.
Governments unchanged. Other bonds
steady.
LONDON 8TOCK MARKET.
STOCKS—
Aimrnnfla .. .
Atchison. ..
CansdtsD I’arlflc.. .. ... ...
t’hlr.. Mil. sad St. l'aal....
iln' preferred.
Illinois central. . ... ....
Louisville and Naihvllls....
New York Central
Pennsylvania
■ten(ling., j-* .*
Southern Parlflc
I.’nlon I'aclflc.. .
United States Steel
do, preferred:
il’rrl
l Clos
iNtl
if
it*
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit am
Prodnee eiehnnxe.
Lemons, 18.00 to 15.10.
Limes 60 to Tie.
I Peaches, per crate, 10c to 11.00.
lMneapple., 11.50 to 32.60.
straights, o**” hooch 3L60 to
L*.
Ilnnanaa. straights, ic- bo«ch
•oL’f¥itif AND COUNTRY PRODUCE—
M>.e beo, *
hens 36 to JTHe: fi
^ii.fte’sn-o.M*'
ducks, PaklO
N IXr**** Exchange (New Orieor.. Cottes ^J'JJJJJ’luir'JnSxncSJtBnANo^tlre
. Urlrste Wlr* to sll Excksntfvs- caGAN. Man««ar*
^•**1 tnd'Lonfl DlaUno* TaUphont 5298# ^ •
broilers
to Pc; B.. __ rw
Dressed hens, per,lh.. is, to lie.
fiisir. tabwl^psr lb’'S' to 22Mc; cook*
"■fto^-Niw^li 0 t: I. Mb. rack. 10
•lie.
VKOF.TABLEfi—Iriah potatoea. Na 1
itoek 34 liarrel: No. 3 alack 33.50.
Tama toes, per erate, 75c to 11.2*.
Old Irl.h potatoes, per bushel, II.44
Old sweet potatoes Oer lin.liel, tt to ILS5,
ew sweet potatoes 31.M bnabel.
Cherries, 2«*<|uart erate. I1.5U to 3L71
Cantaloupes per crate, II to tl.U.
Illrtekberr.es ft! to iVtC OUsrt.
Dewlierrlsa 10 to UOsc uuart-
FLOUR. GRAIN. PROVISIONS.
FLOUR—Pastels Klrgsn
patent, J6.75; fancy patent,
inon. 14.10: fancy 33.W;
^L’CRt.N—Choice red cob 7*c: No. 2 white
|c; No. 2 yellow Tie; mixed 74c.
OATH—Choice whtt# clipped. He; choice
white, 60c; choice tnlsed. 49c; Texas rust
t "MEAL—Plain «ler eronnd, ner bnahcL
72cj bolted 140-lb. Jutes per h~kel. Or.
b'rsa’. 'ff5T
|H0*ftsse IhStga Aff IS. fill - \f. — SI? lire XlL f
36?"
<7IX)VER.—Choice 90e.
'"he aliove prlcea ore f
jact to limuodlats -ccrpuacs
GROCERIES.
4*4*ra
*Y6Fy^5ttnaaKr r ' Arbockle’s III.M;
bulk. In lain or luirrals 12%c; gram 19 to
^filCE—Catollaa 43 to TVH. aecordlnx ta
*1*4.;
t«»a 14c; brick, !4r. Market atrong.
FKiIVlftlONH—Hitpreuie bams iC. Dove
hams 15*4c. Callforam hams MUr: Real Cross
L.".. HT lire aalt extra riba, ti.75: Miles
fat hseks Mir: plates, 9He;
1 *’ "roas Mr. Hoow
Crass 7%s
RANGE OF NEW YORK STOCK MARKET
AumlgnuisteU Cooper
Atlsulte Coast Line
American Hugar Itdalng
Anaconda
Amerlcau lawomotlva..
do preferred
Amerlcau Smelting Baflnlsg
do preferred
Atchison
do preferred...,./
American Cotton Oil
Brooklyn Rapid Transit
Canadian I’aritlr >
S hlcago tad Northwestern
'bestpeaks sad Ohio
’dorado Fuel and Iron
Central leather
do preferred....u,
Chirac., and tlrcat Western
Chicago, Milwaukee and Ht. Paul
Dlitlller’i Securities I
IIHHUIB
American lee fovurttlea..
leoulsvllln nml Nashville
VI in lean Central,
Mis. ‘ * -
llssunrt lHiciae...
law York. Ontario nnd Western...
Utlonal. Lend...
iNiinuni, iKViiriMMt,
iorthrrn l’nciad.....
• •I I in i II inuiuu.,,1
ew York Central
orfolk and Western
rrnnajrlvaula *
1'eople'a (ias
"mailed Steel Car
do. Preferred
rifle Mall
nock Island.......* %
do. preferred.....*
United Htntes llnbber
do. preferred
Southern I'aclflc
Southern Hallway
Tennessee Coal and Iron
Texas nnd Pacific
Union I'aclflc *
United Htatea Htecl
do. preferred.
jrtniaCarolf-
do. prefer!
>stern Unlo
do. preferred
Wisconsin rentrnl
dp. preferred.,..,
l*otnl stock sales today, 9§6^000 sbtrea. JuZZl. ...
RANGE OF THE COTTON MARKET
AT NEW YORK.
the range In cotton
WJ0
Dec ..10,35 10.38 10.25 10.30 10.29 30 10.40 41
Jfin ,.10.40 10.43 10.11 10.34 10.84-35 10.44 45
If el 10.36 37 10.4§-47
Mch ..10.61 10.51 10.44 10.00 10.44-45
Closed steady.
Nov ..10.28 10.28
TIPS PLASHED
From Wall Street
Private Wire to filbert k Clsy.^*
■ New York, July 33.—Daniel Odell k Co.:
■While there may lie aome speculative
R roflt taking today In our stock market or
m* death. <7f Hussell Hnge nnd the revoluj
tlonary violences reported In Husela,
believe the trend of the active list Is
ward, ns stated early last week, and
continue to recommend “■—
good stocks on all fair
aonable returns."
' irshall Hpader k Co.: "Today’s market
can easily reflect some disconcerting senti
ment, but we do not espect more than a
temporary break."
The London security markets are de«
developed
orst of the
burg seems to lie
serious
favornld
to •% per cent.
Pans wires:
the Husslmi situ
that no
..ported Is
the new loon fall
".B
erlil.
_ reault of
_ nxtlnn."
Rentlmmit ta more bullish In New York
_uirkat. Horn, trailrra pr«1lct a boiling
market before tbs weak and.
Prlrata Wire to Ware A Inland.
Naw York. Jnly a.-lxmdnn wash, 14 to
H off on faara of a revolution In Russia.
Iluaaall Rage's daalU may areata flurriaa
In Gould stoaka. bnt hla holdings are In-
tart, and nothing apaaulallva, aa ha bad
baaif away from tha atreot for soma II
In aonaidenitlon of tha favoral
atatamant and flna crop reports, kowavor,
look for a atrong aupport to ho axtandod.
Daaltnaa not near ao groat aa many
thought would l>a tha anaa, and tha mar-
tat .how, rallying tandancy. I/xok for
'ffitaTK?' Imngbt I.W« Ronlharn Pa
elfle: conaldarad goxid buying.
Dow-Jonaa aumuiary: Amarlaan stacks
In lamilon wank. *4 to * lo’low parity.
Fifty roads for aaaond waak July show
AT NEW ORLEAN8.
Tha following Is the ranga to cotton
futures In Naw Orleans today:
Leal Previous
Open. High. Low. g*le. Cine*. Close.
July ..ll.Dl 11.% 10.09 1l.no 10.99 II 11.0006
AUg ..19.10 10.00 1062 1051 106142 1096 M
Hap ..19.3* 1096 10J1 19.33 19.1243 1044 46
()CL ..10.34 19.23 19.17 10.19 1019JU 10JSJ9
!!ib!w ia'tt io!i® wifi iS.S-rf toiSS
Jnn ..10.27 10.27 10.16 10.16 10.27 29 10.37-39
C ell 10.32-34 ld.40^42
ch 10.37-41 10.5043
Closed steady.
i the Improrament. At
k prevlnua a dlatlnelly
evident Imth among
STOCKS REVIEWED
BY NEW YORK SUN
New York, July 22.—The Hun aaya: 'The
temleney of the stoek market last weak
sol manlfeatedly on tha Ir
the rloae of tha weak
liatter feeling waa
smear-* * '*
strain. ....
this feeling flnally rama ao to jirevol
that th* stock market henna, afmnger
aa tha auccaadlng waak advanced. Indeed,
It la now apparent that aver since tha
Aral daya of tha preaent month the move
ment of tha atork market has lieen up
ward. Tho forward march has not Imcu
undertaken nt an extremely lively rale
and Ihrra hare been numerous rreeaelnna
and hacking, and fllllnxa. Yet It waa
notlraabl# on each one of these raaelbma
the volume of trade waa sharply coalreet-
ad—one of the aura signs under inch rlr*
NOTES ON GRAIN
Pointer! on Provisions.
the market
that the recent depression In the I
culminated In thnt exalted selling of
which marked the session of Iho ax
tnst preceding the Fourth of July holiday.
The Ran Francisco earthquake gave tha
Anal push to a great variety of reuses
ware already generally operating to
r ntmut a decline In values. On this
'na, however, It la ohrlona that the
■a anld pasted Into antnebmly'a hands,
It la now pretty rartaln, an far at
concerns rartaln storks at least, that Ihasa
hands ware tboas of vary rich people.'*—
Glbert * Clayj m
MARKET TYPICAL
SATURDAY 'AFFAIR
Fifty rands for .
ararnea gross Increase of 12.73 par cant.
DIMolutlon of dpurna causes fear of roro*
utlon In Russia. . .
Amaim mated Copper oarnlnga nearly
* S ?»orllng llwrtrea big life Inanraneo com
K nice of Naw York had a decreasa In
,I lieu If orer 3161,999,000.
Attorney General Mayer to prosecute
tb* l**« front. A
Net, York expects to gat port of th*
gold offering la the open market In Lon
< * < ThreaiJln’g returns allow winter wheel
yield probably the beat ever grown.
ichu.ll Rage’s denth not expcctnl to
cgniwany dfstnrtiance In the .lock mar*
wire products greatest In
If- uimaerr v sea th** *t«'**l tTfl*!**.
All" 1 national hank, biding tSlJO or better
for I’anama bonds will be designated as
notional depoaltorlea.
TwelTe Industrlnla advanced .19 per rent.
Twenty-live rande advanced ,M pee rent.
XT RWaffimfe
ft 'xs'q
believed that It was iufaejentty grave to
offer aerlona eheck to the Improrament of
buelnese end flnauce In this igpntry.
crAneola today. «7 1-fl: HaranUy. X7 3-M.
Rentes today, 96.46; Hatnnlay, 94.9264.
STOCKS AND BONDS. __
Bid. Asked.
Athintarift'iJiLl"**'-"-*-*-**”" |* lw ,i
|
_ ^
ond Income jj*i •
ltd lncom..e 17 17
’ nnd Hovinnah. »S Ut
•lam Ilf 1»
Oeogfla Faclfle lata 139 131
Atlaata and Watt Point...
' lauta —
. It. of _
do. second
do. third ’
Georgia
and A. lot.
New Orleans, Jnly S3.—'The cotton mar
ket waa a typical Hatnnlay kffalr, with
ring fairly act
__ Hnie only. A
cotton twit weather
aome of the abort Interests' apprebrnalopi
for tho moment, while the belief that the
- - -rt would favor Ihr
all of rhe rain ant
In account.
a etead
tandem
I I rwsward.
Much of the abort Interest la tha new
•rap Is made up of hedge aalea against
i|M,t delivery contracts, and Interest will
—*— — Meanwhile
and unless
let any nrrworks In
flnnl liquidation thereof,
the New Orlcana price loat I
the ttrtnher optbm end l-19c on middling
spots—Ware t Leland.
SOUTHERN EXCHANGE
Oldest Established Office South.
conoi—STOCKS—80S0S Mill
Ground Floor Gould Building. Daily
market letter nnd market manual
mailed on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTOK, STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE. THE NEAL BANK
PHONE WIT. PRUDENTIAL BLOC.
Private Wire to Gtbert A Clay.
Chicago, July 33.—Little talk her* of
damage to Oregon whsat.
Wheat not acting atrong at tha open
Ing, and no algos of good buying. Tho
crowd la inclined to fight sby of the
short olds.
Looks aa If we ought to got a little
rally from around 73c.
Oats steady. Some selling of Sep
tember and December at Iho opening
by commission houses. Fair buying
of May and September by locals.
Provisions steady to a shade higher
than dosing prlcea. Some commission
houses selling lard and riba. Class of
buying good and looks aa If the market
would do belter.
Intcr-Ocrftn: Export sales of 240,000
bushels of wheat were made In all po
sitions Saturday, and possibly more
business was cloned, but the details
were not aecurable. New York did a
big business In No. 1 red. There were
salee of 104,000 buahela at the gulf and
41,000 buahela at Duluth.
Sales of corn were 110,000 and oata
100,000.
Cash hunlneaa In Chicago Saturday
waa 10,000 wheat, 400,000 corn, making
1,000,000 bushels in two days, and 160,-
000 oata.
Charters were for 100,000 com, partly
at 114c to Buffalo.
Moat unfavorable crop reports r«-
calved Saturday from tha Northwest
came from Whallon, Case 4k Co., Min
neapolis. They had reporta from tlralr
men In the country which make them
believe there has been a great deal of
damage to the crop, not from black
rust, but from other causes, particu
larly red rust. The latter le so thick on
the etalk that the plant seems to be at
a standstill and Is gradually losing
Ufa The black nut scare Is not re
garded seriously. A banker at Whea
ton, Minn., reports damage from red
rust and aaya the wheat plant la mak
ing no progress.
elate board of equalisation of
the etatn of Nebraska shows the fol
lowing amount of grain In farmers'
hands, there being about (.000,000
buahels more old corn left tn the state
this year than there was last year at
the same lime:
This Year. Last Year.
Wheat 4,457,300 2,006,631
Corn 61,166,676 40,341,(41
An estimate of the world's wheat
crop la made by the Dally Trade Bulle
tin, showing a shortage of 71,000,000
from lust year. This la small, aa for
eign authorities ,say It la 150,000,000
to 200,000,000.
Wheat Increase 1,637,000, corn In
crease 300,000, oate decreasa 733,000.
Private Wire to filbert A.Clay.
Chicago, July 19.—There haa been
good buying of wheat on lha way down
xy Wrenn.
There la a guess by close obatrvere
In the pit that Llchstem has lakan a
line of wheat.
Minneapolis wires: "Weather Ideal
over entire Northwest and Canada for
growing crops."
I believe wheat and corn nnd oats are
a purchase on this break for a good
turn.
Record ■‘Herald: Jamas A. Patten
wired: "I predict that South Dakota
will break nil records In the raising of
weathetr conditions for wheat are all
wheat, com, oata - and flax. The
that could be asked—dry, clear and
warm. Cutting wheat will be general
August 1.
t'onalderable faith la being placed In
the belief that, should this country sell
a large amount of wheat for export thin
year, which aeama possible, there will
be a substantial advance In valuta.
This la the period In the crop year
when the owner of wheat Is et a dis
advantage and tha prospective buyer
haa things pretty much his own way.
Plentiful supplies of winter wheat are
a reality ana stilt more plentiful eup-
plica of Miring wheat a decided antici
pation. The merchandise Investor or
apaoulator who can correctly analyse
tha possibilities of the situation haa
great opportunities before him. When
is the proper time for each to enter tha
marketT
It haa bean a long year for tha crop
killer, HI* plana went ao much 4wry
on the winter wheat crop that he must
have phenomenal good fortune In de
WHEAT OPENED
AT BETTER PRICES
Due Principally to the Un
settled Political Situa
tion in Russia.
BUYING WAS LIBERAL
At Close a Decline Was
Shown as Compared
with Saturday’s. / '
By Private Leased Wire.
Chicago, July II.—There waa a fur
ther early decline In cereals on *elllng
by longa, but corn and oats reacted late.
Defines were established of !-!OI-4c In
wheel, while corn wee up l-IOI-tc and
oata gained l-44».7-8c.
The big offerings of new wheat by
tha southwest, coupled with tha better
crop reports from the spring wheat
country, overbalanced all else In tha
way of news and circumstances. Tha
ahorta bought wheat early In order to
secure profits, but they aold later.
Primary receipts of wheat 1,(49,000
buahela and corn 333,000 buahela, com
pared with 1,031,000 and 649,000, re
spectively, a yaar ago.
Clearances were 39,000 bushels of
wheat, 19,000 buahela of corn and no
oata.
Sample wheat unchanged. Com and
oala l-lc higher.
Export aalea of wheat were reported
by Chicago and Duluth, aa wall aa New
York, but amounts were kept private.
Provisions closed unsettled.
n
p a
straying the spring crop to get any
thing like a favorable average from a
pessimistic standpoint. Hla tlma la
growing short as each day la carrying
Increasing areas beyond the danger
CHICAGO GRAIN MARKET.
r
Open. High. Lew. Close. C!
fls r e
fcSi
fep m p r I
ffcjFi m h »|.p
Jen.... 14.30 14.30 14.40 14.H 14.M
Or ir ar m s
SE tii U. E8 it, .it
WbMt ,
Corn ..
fats ...
IIOfR ..
K iowors riouoa toa* towor.
Corn nf»u#4 uwtuin*?! to %
|*.in. unchanged; closed uoeba
uochaoged to >4
PRIMARY MOVEMENT#
The following fltnres show tbe rrltnuy
“^iTtlSW^V’bUoc., be.„,„
gjK 1 ,iBRUsnx&rjz
(iSra—Rwfita’' today 321900 ho-lii-ix
agalaat 947.0M huahvl* fn»t roar: •htpm-ni,
•Mar 917,900 haabela, agalaat 434,9-0 bu«h
ala Uet year.
N0RTHWE8T CARS.
Minneapolis..
Inilutli
Cbleege. , .
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.
CENTRA! BANK & TRUST CORPORATION,
CAPITAL $900,000.00
If you contemplate opening a new account, or changing your pr-’ .ent
banking arrangement, nnd wish to connect yourself with e atrong, consorv
atlra bank, fully equipped to serve you as your business J-ixtlflee, we
Invite you to call and Ulk the matter over with ua.
Asa O. Candler, President.
W. H. Pattareen, Vloe-Prealdant A. P. Colas, CaaMer.
John g. Owen*, Vlee-Pre*idant- Witt. D. Owens, Asst. Cash!.
cottonVg^a:9,Provisions,Htocks^bonds,
ffe* Orfraat.
1:9, Provisions, 1
Ho. 2 Will St., friers Biilili. Moot a. Ca.
klMdUk
y.,i Cotta* iithaMO. CUtago Boari at Into.
XFrttt&'iSSin.
frltalo Win* to Ht* York, Haw Orfe««f. Chicago. B. C COTHBAM. !Sk
1(0 fk««e 1212-
WM. L. mu Pr*d*W«t.
BOBT. r. MADDOX. Tlo-Pfifc
THO*. J. PEEPLES, Cashier.
JAM. O. LESTER. An t CaahJ*
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
$200,000.00
$500,000.00
ACCOUNT! INVITED
We invite accounts of individuals, corporations banks
and bankers nnd offer the best terms coral-tent with
conservative banking.
In our Raving* Daportmant wa allow Intaraat at tha Rata of 3 1-2 par
cant. Compounded Semi-Annually.