The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 23, 1906, Image 11

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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.