The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 24, 1906, Image 11

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THE ATLANTA GEORGIAN. JOSEPH B. LIVELY 1 # , | C " " Ur. Llrtlj'i 25 y#ar THE GEORGIAN’S RECORD OF MARKETS AND FINANCE JiHHS- ' #*p#rt#nc# Atlanta and d« him a rmc. hi* specialty. 'JJ WAS THE FACTOR A, , Had a Depressing Influence on the Markets of the World. cotton is AFFECTED Bulls and Bears Were Sell ers and Sharp Declines Occurred. I. Private Laaaad Wire. jtew York, July 3—The eottou market ~ne<t barely ateedy. 4 to I point* lower. 33»#r reflecting the disturbed Ituaalao alt- ,u That price* did not break more ,luo to the fart that room trailer* «1- mdr much orcraold, war* holding off, nltma for eom* big holder to merket hie ffltnn. under cover of which they might —lace their aale* »t a good prollt. The attuatlon In Buaala we* the doml- factor In *11 the merketa thl* morn- to. and to that Inlluencii can be attributed than. decline In cotton. Th’ market wna more active In both New .... , n ,j New Orleena. than recently, but ESafent was bearish and .riling front Cib .Idea of the account wa* In evidence through the morning aeealoa. the complaint* , too niueh ralu In aectlone lielue offset "r the Itimlen new*, and heavy block* of Jj[, new eropa were offered at conatantly < rj!e l ”Safe r rn**wc*ther forccaat Indicate* tie Alabama, Mlaalsalppl and Weatern IVrhla generally fair tonight and Tneadav. The iveatern forccaat Indicate* fair anther for Oklahoma and Arkansas and partly cloudy weather for the balance, fith .hewer* probably In Ixmlajana and Texas rainfall! BlKnro. .76; llrenhnm. trace; Cureless*. .43; Dallaa. .04; tort Worth It: tlalvaaton, .It: Henrietta, trace; Jmvilu'. W‘Loagrlewt.Lai Meal*. trace; Nsregiioidtea, .58; I aleatlne, A8: Ban An tonio. trnre: Bherman, 1.13: Taylor, trace; Temple. 02; Waco, ISM: Wmnhachlc, pare; WcHherford, .54; Wharton, .08. Southern Tegaa. Wee estimate* tha crop at 11.5*2,000 lain. This la 500,000 Irate* more than bla otlmntc of laat year. , SPOT COTTON MARKET. Atlanta-Steady at lie. Sew York—Qulht at 10.80c; delivered on •Kaajr nml eteidy at 1015-11; LIVERPOOL COTTON MARKET. I-lterpool. July 23. 15:15 p. m -Cotton, S et gull, with price* cruder; mlddllfig up- ails s.03: sulci 4.000; Amcrlcnn S.B00: apec. elation nnd ogport 800; receipt* 600, all American. Futures opened steady. opening Prevlnni Bang*. note. Ulnae. 6.75-5.76 5.80 ..6.174.14 6.71 5.77 faly ' Jnlj’-AllffURt.. Atijru»t-Sf*pt. NEWS AND GOSSIP Of the Fleecy Staple. kpt. Oet.. .. . Art.-Nov. . . Jfor.JVr... . Uw.Jiin. . . . J*M>b. . . , Wi.-Mnirh. . . Kirch-April. ✓ Ctowd qulft. ..R.ilW.87 R.65-8.68 . ..ft.6S.Ml B.<W-fi.«l ft.w . .S.594.57 R.RM.57 5.59 5.86 5.5* . .5.584.58 8.58 6.59 ...5.684.17 1.67 1 8.80 TODAY’S PORT RECEIPTS. few Orleans ... , Gitvputon KflUlc ... ... ... ftitannnh mrlpRtun ... ... "llmliiL'ton ... jjrfolk [Tilliflclphln hn FmnHaro ... "is*"' im 1071 INTERIOR MOVEMENT. Mtton ... HBata .. Miphll . **• I/»uIr . Liftclntmtl Total ... f4 1907 IS «IIERT A CLAY’S . DAILY COTTON LETTER. 5"r Orleans. Jnly a—The acateaca* of J* Rassimi situation commanda In a larae wjsure the lutereat of the cotton world, sides expreia grave feora for the flnau- state of F.urope, and note the mar- rti Instability, due to an expedited early •atftoeot and the stagnation (hrongh over- mianetlau of the eaatarn trade. Optloni » ihe close lost from 1 to J point*, while I" 1 traasm tlona were 4.000 ImIc* at- a do- "f 1 point*. The general end. In 2* I'-nlltlea, exceedingly heavy ralna S« *wept the cotton tacit Sunday have brought out rumor, of aeriona dam- ">t eonllrmntlona of Ibcae rnmora are Wf scarce nml meet report* continue In * main fan .ruble. In eome of the gulf S2*, •* - tu*l Improvement ha* taken place 5®*Jl owing to the prevalence of nMkst- t The merket la now heart with many 2**ecca directly 1 waring upon future price The crtteal period of the grow. 5 IT°P. I* »t hand, and on the charac- r "f the sreatber for th* a ext five or ■weeks Will depend whether or not prea- v,h r ;e|"'i la will have materially changed. S»a the eagerly watched for development* 25 'he Par Ka.t. and the ronorqnent •"nuincu. Imparted to the market'* un- BK and la.tly, the raaaatlrm of da is' 1 f"r finished goods are factor* to be Sr*; 1 with In forccaitlng tb* tendency ■■arket price*. WTTON SEED OIL MARKET. gii£v. ::S 'inlet. Prtvute wire to Glbert & Clay. New York, July 11.—Liverpool 1 to 1 lower—waa expected 1 up. New York. July 23.—Dick Broe. A Co. eaya: "A rally might come In the mar ket at any time, but we conalder It a aale, and hardly think that any upturn will be worth playing for.” Norden ft Mitchell hammering the market. Price brokers selling. It looks as though Price wna trying to liquidate. The surroundings of the market are all against prices, the European finan cial situation especially. Mitchell offers 6,000 October at 10.81 and bjorden offering large block of Jan uary. , Dick Bros, have been steady buyer* here today, covering shorts. New Orleana July 13.—Liverpool 1 to 1 lower la disappointing. New York wires: "Price trying to soil." The market Is being sold on very unfavorable foreign news.' The Euro pean financial situation la especially grave, and 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! and the western portion of Tex as. The present protracted wet spell Is causing toms uneasiness among the shorts, and market prices Show an up ward tendency this morning on cover ing and some fresh buying by scalpers. Relas Broa.'a cable ua; "Don’t think the market can be sustained in conse quence of fear of a monetary crisis In Russia;- early movement and over stocked east." New York wires: ’Trice la giving ev ery bale the.market will take." Market Is barely steady and prompt ly yields to attacks. Private Wire to Ware & Leland. New York, July 21.—Liverpool fu tures opened barely ateadw and un changed at 11:15 p. m., 2 to 1 down and dull; aales 6,000. Spots 1, down, at t.06; due to come 2 up. Mitchell offering 5,000 December at 10.16, and 6,000 October at 10.32. The New York market opened lower on disappointing cables, due to dis quieting news from Russia. Schtll & Mitchell big sellers, assisted by locals. Very little cotton seems to be wanted on decline. Room traders pounding the cotton market, and though there Is active trade, find little resistance. Outside longs appear to be selling and buyers scarce. Shill offering 6,000 December at 10.16. New Orleans, July 23,-rLlverpool ca bles are unfavorable. They ehould have been 1 to 2 up on both American market! Intead of 2 to 3 down as they were at 12:16 p. m. Consols are 3-8 down at 8513-16 for money, which re flects tha nervousness over the Russian situation. This nervousness Is prob ably the cause for the depression In cotton. Ruahton, La., Wires: "The outlook for large yields of crop continue bright. A few light showers this week, but not enough to cause uneasiness." Merrouge, La., wires: "Cotton la 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 la 33,763 bales against 47,150 at this time leat year. , The amount of cotton on shipboard Is 14,888 bales against 28,310 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 la for both long and short ac count. Spots are In little demand and noth ing has been don*. WARE & LELAND’8 DAILY MARKET LETTER, New York, July 22.—There we* anotbci disappointed cable from Llrarpoot thl* morn- ins. nml the roeult wee a decline In price* that carried lhn market Imck to the low level' reached about a month ago. There seemed to be a very general feeling that the hnll leeder wae attempting to sell INITIAL PRICES SLIGHTLY LOWER Grave Character of ’News From Russia Caused Opening Weakness. BUYING WAS HEAVY At the End of First Hour Stocks Showed Material ' Gains Over Saturday. ad price* down ralber rap tbo lari tier ( Idly. haa atm to in- hoi — notions led to weakness In the near poal tlou, ami *c operated agnlnat the market aa s whole. In aonie ratnedto, the detllne we* unexpected, Inasmuch aa vary heavy ralna were again reported In tb* Attorn tic eectlone, nml In view of the fact that such a conservatlv* authority as Brad- street's stated on Beturday that the Geor gia crop le In * critical condition, lb# pres ntre that auddenly developed proved at *nre htat suddenly developed proved an ells*. short* covered, but there waa .not buying to prevent genernl lliiuldn- tlon and the lower prices.The undertone did not hive mneh etrength. and for tf time being lower pride# may bo recorded. THE SUGAR MARKET. By Private Leoaert Wire. New York. July B.-Loc*l r*lln*d «n raw augar steady and unchanged, lamdon beet market Arm; Jnly and August 8* 6440. Chicago, July 23.—lings—Estimated re ceipts today.- J7.000; market etroug to 6c higher: nnnllty fair: left over MIA Bulk, Sftlel.lV. estimate*! for tomorrow. ” - om lJgtd.'».K)e8.*0: mixed. W-4W, r7^i:Tr“^.. r0 5fS^y>T^ P ' Ch C*ttl>57hi&mit<ra receipts, 56.MO; m ket ateeily to 10c lowar: quality fair. Beeve».lZ06414.40; rows era. 82.40ft5.40: calves. 35.0005.75: .fond prim* steer*. B.I6«*.40;.poor to. medium. NEW YORK COFFEE. PoMowtfgU{Jven.the5penlM.nd clorin. nttotJttK today: January ftbruar SjJv. AHflWt;. September October.. .« . Xi»v«nt*r pwemlH»r. . . Cloeed ateady. Opening Ranee. ....7.0*7.15 T.W .. ..7.1*7.20 , ...T.25 ....7.2*7.10 *.* .Mi .. ..6.5ft ;; ;4?m.;5 .. ..6.10 ....M0 Cloae. «*S 7.65-7.10 7.1*7.20 7.2*7.* ip 6.15-4.60 SS2R A804.M By Prlrats Leaied Wire. New York, July II.—The security markets were confronted today with quite the moat serious aspect of Rus sian affairs that has ape pared for the whole'two years during which the trouble of that country have been prominently' before the world's atten tion. The view commonly taken throughout financial Europe was that th* dissolution of th* douma rendered more Imedlmtely probable than ever be fore the long-awaited revolution, and with this Idea prevailing, what, con sidering the previous dacllne, was the worst collapse witnessed, occurred In Russian securities thla morning. Russian bonds fell 31-3 point*, while the discount on the new loan rose I points to a figure of 10 cents The British console dropped 1-4. French rentes and other government securities fell about a like amount at the gen eral, markets at London and the con tinental cities. American stocks were down 1-2 to 1 per cent. In anticipat ing heavy selling from the other aide, our market opened off corresponding ly. Sales for foreign acount and local realisation continued for the first hour, but the stocks ware readily and even eagerly taken, and when the presaur* lightened, a* It did by the middle of the morning, price* rose briskly all around. That an exceedingly broad and active demand waa preaent, and that It no longer *o largely, represented short coverings, were fact* beyond dispute. In the stock market the fresh com plications In the Ruaalan situation since Saturday were reflected on a moderately lower range of prices In th* local market at the opening. Initial notations showed declines ranging rom 1-2 to 1 per cent. After the opening trading th* market showed 10m* disposition to rally, but the tone still remained heavy. The grave character of the new* from Ruula aroused weakness In the market at the opening, but h*avy sup ply on the Initial decline* waa quickly and eagerly absorbed. There Was good buying of Southern Pacific. Price movements were of a moil Ir regular character, decline* ranging from 1-2 to 2 point* In th* first few minutes, being followed by advance* of 1 to 4 point*. At th* end of the first hour nearly everything on the Hat showed material gains over Saturday's closing. About 20,00 share* were sold here for London account Governments unchanged. Other bonds steady. RANQE OF NEW YORK. STOCK MARKET Amalssuated Copper Atlantic Coast MS* American Sugar Redoing. Auamnttrt American Locomotir* do preferred American Smelting limning do preferred Atchlaon A do preferred./..., American Cotton Oil Baltimore and Ohio..., Brooklyn Rapid Transit Canadian I’acldc. Chicago and Northwestern..... Chesapeake am' Colorado Fuel l Central Imthcr, do preferred. Chleago aud Great Western..- Chicago, Milwaukee and Bt I*aul Delaware ami llmison.... lMatlller'a Securities.....HMOT I.'rln do preferred General Klectric Illlnol* Central ,,. tsssa8! js fesTrfc.v^ tew York, Ontario and Weatern iatlnnal Ie-.nl torthern 1'tclHc., tew York Central Norfolk aud Weatern issasi”© Btoefcar do. Drafarrao S rcIHc Slall r P tt Bew,::::::::::::::::::: Rock I aland do- preferred.. United matea Rubber do. preferred Southern Pacific Southern Railway do. preferred. Stftaa-fchefflajd ,\ Tennetaee Coat nnd Iron Texna nnd Pacific • nlon Pacific lulled Hta tea Steel Vlralnl , It-Carolina Chemical \do. preferred...-. Weatern Union Wabash do. preferred Wisconsin Central do. preferred...* total stock aal— today, toiofo aharea. r ,. RANGE OF THE COTTON MARKET AJ NEW YORK. Th* following ll ttio rang* In cotton futures lu New York tcdnvt Lint Previous Open. Itlsh. Low Halo clow. Close. July . .16.08 10.08 10.01 10.01 10.0048 10.00-11 Aug ..10.10 10.10 10.01 10.06 10.(848 10.1416 Ben ..10.11) loll 10.14 “ Out ..10.28 10.30 10.17 10:3435 M tf ;$§ m i?:i! m | ..... 10 * 37 10.41-47 F*h Ill Muh ..10.61 1161 10.44 10.00 10.44-48 10J648 Ucb ...... 10.1 Closed ateady. TIPS FLASHED From Wall Street. LONDON STOCK MARKET. STOCKS— Anaconda Atchlaon. Canadian Pacific .... Chic., Mil. and 8t l**ul Krle do. preferred fill no{& Central. . ... fsonlarlUe and Naihrllla..... New York Central Pennayleanla Hcndlnff.. loutbern 'nloti I*a .. .. Jalteil Hta tea Steel., do, prefarred.. .. ATLANTA MAPKETS. FRUITS AND PRODUCE.’ Officially rarrectad by Atlanta Fruit tot iJaira 60 tu 76c. „ I'earhes, par crata, 60c to 81.00. S neapplea, 11.64 to IX80. i uauaa stralgbls, bu»«h IL60 t* i,e&rr5n!! , &^<»: 0.- SSVff agiB to*?? peddle d " CU ’ - - pressed bene, per lb.. 128 to Eggs, per duaen. tt.to 18c. IHSr: tabW per 12e. , 1^**0' to 2218c; rook Joney-New lb.i la lib. rack* 18 ®VBOBTABLM.-lrlah pntatoea. No. 1 to 81.25. hel, 11.40. hnahel, 81 to tl-». GIBERT & CLAY - ALABAMA BT. STOCK*. BOHOi. COTTON. OK A IN. comtsaovtatoK* ATLANTA. OA. K — Jwk Bto-k l°rk Cette* York „„ Cberrlea. 21-quart crate. 81.50 tnfLTi. Cantaloup*-., per Crete, It to 81.50. Hlarkl'emre IV to Me nuarL Dewberries 18 to 1*1ae quart. FLOUR, GRAIN. PROVI8ION8. ri-OL'B.-1'ostels Elegant 88.10; IMninond r ntent, 16.75; fancy pateat, 84 M; Blue Rib- Sou. 84.10; fancy, 18.80; apriag wheat p co1{n! -t.'hnfcerad cob Tfc: N*. 2 wklt# lie; No. 2 yellow 1*c; mlxed Ttc. ™- - Plala water ground, .per I 140-lb. Jute*, per be«l „.ilte, 8L40: nwllnm Si.8S; 81.80: pure bran. 81.15; m*8en bran. ...... IIAl.-TItuotky. ch-ijo- large nalw, *bl0: do., choice small bele. 11.14: do.. No. J timothy lie tea. 8i», de.. Nc. 2 81: do.. No. 1 etorer mixed 81.08; do.. No. 8 closed mixed CLOVER.—Choi*# 80c. The above prices are f. e. b. Atlanta, and •object to Immediate acceptance. 8IIOAR.-Re*nd*n?^iM?iit*d le. New York Rodoed 4>, to 4%: idnnutloea 46* to , '&KFy£.£lto*eE5 r ‘ Arl.eckle'a 115.H: bulk, la tiago or IrarrelA lrltc; green 18 to , ^tlCB?S'Sn)«M B 4{i to 714e, according to *?HE K8r"Kocy7olf* rreimde Iry, 1414*: Dots haoia ll'jc Callforala ham a ISlie: Red Cross luma. 15? Dry salt extra rib*. f».76: lietllea. 2*4 lbs.. 817.2s; fat beck a. a V: plates. I1,c; "Whil* than may be eom* r roflt taking today In our ntoel bo death »f Bussell Bag* and ry violence* reported In re the trend of tbs actlre list Is up ward, as atnted early laat weak, and we continue to recommend purehaee* of good stocks on all fair rectatlona for •onnhle returns." Marshall Bpader A Co.: “Today's market can sadly redact eom* disconcerting senti ment, but w* do not expect more than a temporary break." The I/ondoa security merketa are d*. moralised hr the grar# Ituaalaii news A dlaUurtly better feeling hu developed St the stock exchange and the worst of lbs liquidation on the nows from Bt. Peters burg seams to he over. The fact that no K rloui outbreaks hare been reported. Is rorablc. I Mac,rant un the new loan fell *°pSi I '«ires: 1 "tintelan 1*08 'bonds have dropped 8 potato on the bourn* end are •till falling •• n result of tbo crisis lu the Kutalnn situation.” . _ . Benllment Is more bulllab In New York market. Kmna tradera predict a boiling market before tb* week end. Wire to Ware * Leland. York, July 28.-Lnndon wank, 14 to 14 off on fears of a revolution In llnasl*. Itnascll Hage'a death may create Barries t for'some time. Iraok for an nnaettled and ferorlnh mtr- ket with tienr driyea on the active atocka. Id ' consideration of the farernhle trank statement and Bn# crop reports, howerer, look for a strong anpiiort to b* axtended. Decline* not near so great at many thonalit would be the cane, and the mar ket atiow* rallying tendency. look for ,t Pjm*n* a 6fS*. t bought 5.(k» Bonthern iV cldc; conaldered good buying. Dow-Jonea anmmery: American atocka In London weak, 14 to 4 betow parity. Fifty road* for oecood weak July show average gross increase of 1178 per coat, "desolation of doama cause* fear of re*o- Intlon In llusaia. * - mated Copper earnings nearly AT NEW ORLEAN3, Th* following la lha rang# In cotton fnlurea la Naw Orleans today: Laat Prerlana Open, ttlah. Low- R>l*. Clnae, r.’lna*. a«; ::p iL^ i«-»! !J:S SS, :.!S:S »* »•« »53 Cloartl at«ad)r 9 STOCKS REVIEWED BY NEW YOlftK SUN Now York, Joly 83.—Tho Bun saya: "The I'l. \ "I II"- hI"--L 1ii"I I"-' hi-' u ".'I, waa manifesto,liy on tba Improvi'mcnt. At tho cloao nr the week .precious a distinctly better feeling wa* erldent both among •penis tore and those who look at Baa acta I affairs from a broader point of vlowt and thla feeling Anally rams so la prerail that Ihe etnek market herarat stronger |aa tha succeeding week adranced. Indeed, ■■■^TMt that crer since the| ■■EMM uii-nt of the stuck ward. The forwent mnren naa nor peed] undertaken at an extremely lively rat* and there bar* been namerona rrreeetoon and liackluga and fllllng*. Yet It wan noticeable 00 each ooe of thee* reaclloue the roiume of trad* wna sharply contract-1 led—one of the aura signs under such Hr- enmatancea of n enld out market, and IBS riser, looking track orpr | NOTES ON GRAIN Pointer* on Provision*. market, and It to tM Itafoa wotko* the recent dcpreanlonilii tk* market anted In that excited Mlllng of atock* which marked the ecealon of tha exchange laat preceding the Fourth of Jnly holiday. — Ban k'raerieco earthquake gay* the of rery rich peoplo.”— r ihre* Mg Ilf# Insurance com- panic* of Now York had a decrease In seatneaa of orer •lil.mo.OK). Attorney General Mayer to prose "New* Yorit*"expecta to get pert of the 111 offering In tho open. mkrket In Urn- “'hr rah In'* returns ahow winter wheat yield probably tb*. beat ever grow*. Bussell Bag* a death not expected tc cana- any dlaturlrance le the stock tnar "Viemand for wire product* greatest la th# history of tb# ilw trod#. All national banka biding 108.1# nr better for Panama Imoda will Ira designated a* national depositories. , e Twelre Induatriala adraneod .8* per rent. Twenty.flr* roads edraneed .38 par rent. In banking rirries this morning an feel ing Iff alarm orer th* RuaaU* rituattou found expreaaloe. The grarlty of tbo atoto of affaire waa admlttad, Irat It wa* not betlerpd that It wa* anfflelantly grave to offer oertona check to. tbe lmpeoT.ment of bust nemo and finance In this country. t'onaola today, 17 1-18; Batorday, 87 3-18. B^toT totUy. 86.85; H.torday, 8*821* STOCKS^AND B0ND8. fe£J&S:s==| 1 do. eecond Income.^B Ido. third Incom..# lAmniera and Ba'ri'unah SaffWtewi::::::::: l«" CTand A. tat 1 MARKET TYPICAL SATURDAY AFFAIR New Orleans, July a.—Tha cotton mar ket waa a typical Haturday affair, with tho ring fairly acllre during a short period of tlmo only. A decided Improvement In cotton licit weather rondltloua dissipated aorne of the abort Interests' apprehension* for th* moment, while tb* belief that th* torernmeat crop report would fevor Ihe bull for the reason that all of the rein nnd vary little of tbo eanahln* will be taken In accodnt. re-encouraged the long aoffl. elently to neenre a steady market on email trading. Bat tk* tendency was downward. Much of the abort Interest In the now crop li mad* rap of hedge a*let agnlnat •pot delivery contracts, and Intrrant will not anally be driven to sorer. Meanwhile ^ July position la donnaat, and nalasa 1 la *hh unhedged actual cotton In Orleana new held for tender on tb* midsummer opening, there will not likely he any firework* la connection with tha final liquidation thereof. On. tb* wash th* New Orleans price lost 6 prints on the October option and 118c on middling spots.—War* * I-eland. SOUTHERN EXCHANGE Oldest Establlahed Office South. COTIOX —STOWS—BMDS—GB4IK Ground Floor Gould Building. Dally market letter nnd market manual mailed on application. L J. ANDERSON & CO Bankers and Brokers, COHON, STOCKS, 6BAIN Correspondent's Capital $250,000 RtnngNCC THE NEAL BANK PHONE irarr. PKUOENTtAL BLOC Private Wire to-Qlbert ft Clay. Chicago, July 18.—Little talk her* of damage to Oregoli wheat.- Wheat not acting strong at the open ing, and no eigne of good buying. Th* crowd Is Inclined to fight shy of the short aide. Looks a* If wa ought to get a little rally from around 78c. Onto steady. Boms nailing of Sep tember and pecember at the opening by commission houses. Fair buying of May and Beptamber by locals. Provisions ateady to n shad* higher than closing prices. Some commission houses sailing lard and riba. Clan* of buying good and looks aa If the market would do better. Inter-Ocean: Kgport sales bt 240.000 bushels of wheat war* made In all po sitions Saturday, and possibly more buslncaa waa closed, but th* details were not pecurable. New York did a big business In No. 2 red. There were ■aTe* of 104,000 bushel* at th* gulf and 41,000 bushel* at Duluth. Bales of corn were 100,000 and oats 100,000. Cash business In Chicago Saturday wa* 10,000 wheat, 600,000 corn, making 1,000,000 bushel* In two day*, and 160,- ooo oat*. Charter* war* for 200,000 corn, partly at 114c to Buffalo. Moat unfavorable crop reports re ceived Saturday from the Northwest cam* from Whallon, Casa ft Co., Min neapolis. They had report* from their men In th* country which make them believe there ha* been a great deal of damage to th* crop, not from block rust, but from other causes, particu larly red rust. Th* latter Is so thick un th* stalk that the plant seem* to be at standstill nnd I* gradually losing Ufa. The black rust scare le not re garded seriously. A banker at Whqa- ton. Minn., report! damage from red rust and say* tha wheat plant I* mak ing no progress. The state board of equalisation of the state of Nebraska shows th* fol lowing amount of grain In farmers' hands, there being about 8,000,000 bush*!* more old oorn left In the state thl* year than th*r* was last year at tha *am* lime: Thl* Year. Laat Year. Wheat, 4,467,180 2,806,628 Corn 68,866,176 48,848,841 An estimate of the world'* wheat crop I* made by the Dally Trade Bulle tin, showing a shortage of 78,600.000 from last year. Thl* I* small, aa for eign auttmfltto* »*y It I* 160,000,000 to 200.000,000. Wheat Incraaa* 1,607,000, com In crease 010,000, oats decrease 721,000. Private Wire to Glbert ft Clay. Chicago, July 21.—Thar* ha* been good buying of wheat on th* way down ,y Wrenn. Th*re I* a guess by do** observer* In the pit that Llchstern has taken a line of wheat. Minneapolis wires: "Weather Ideal over entire Northwest and Canada foe growing crop*." J believe wheat and corn and oats are n purchuse on this break for a good turn. Record-Herald: James A. Patten wired: "I predict that Houth Dakota will break all records In th* raising of weathetr conditions for wheat are all wheat, com, oats nnd flax. The that could b* asked—dry. clear nnd warm. Cutting wheat will be genernl ugust 1. Considerable faith la bring placed In the belief that, should thl* country sell a large amount of whant for export this year, which seem* possible, there will b* a substantial advance In values. This I* the period In the crop year - i. -i - n'-i »r »i" i- in n 'ii- advantage nnd tli- nva MPN tins things pretty much hi* own way. Plentiful supplies of winter wheat are a rsallty nnd still more plentiful sup plies of spring wheat a decided antici pation. The merchandise Investor or speculator who ran correctly analya Ihe possibilities of th* situation ha: WHEAT OPENED AT BETTER PRICES Due Principally to the Un settled Political Situa tion in Russia. BUYING WAS LIBERAL At Close a Decline Waa Shown as Compared with Saturday *8. / By Prlrats Leased Wire. Chicago, July 23.—There was a fur ther early decline In csreal* on c-lllng by longs, but eom and oats reacted late. Dcllnee Wfr# established of l-IOl-tc In wheat, while corn was up l-20l-4c and oats gained 1-401-tc. The big offering* of naw wheat by th* southweit, coupled with the better crop report* from th* epilog wheat country, overbalanced all else In. th* way of new* and clrcumatanoaa. Tha ehorts bought wheat early In order to secure profits, but they sold later. Primary receipts of wheat 1,048,000 bushels and com 611,000 bushsls, com pared with 1.031,000 and 642,000, re spectively, a year ago. Clearances were 01,000 bushels of wheat, 10,000 bushel* of com and no oats. Sample wheat unchangtd. Com and oats t-3o higher. i Export sals* of wheat wars reported by Chicago and Duluth, aa well aa New York, hut amount* ware kept private. Provisions dosed unsettled. ,. CHICAQO GRAIN MARKET. WHEAT 1 !"' c6bn- jly..,.. High. 7814 Dee..,, h £ 8 rent opportunities before him. When i the proper lime for each to enter the market? It ha* been a long year for tha crop killer. Ills plan* went so much awry on the winter wheat crop that he must have phenomenal good fortune In de stroying th* spring crop to gat any thing Ilk* a favorable average from a pessimistic standpoint. Ilia time to growing abort as each day Is carrying Increasing area* bsyond th* danger lint. kept.... Isc...— . PORE—^ ’ 8| Jib.... II *4 14.44 I.ABD- S& i:H HP* 9.00 £ a 47 P II 75 17* 14.40 if* 5.90 & «TH % i:H !l !» 4«% m M 9.1ft 9.IS 8.90 WhMt Corn ... ... ... ••• ••• 244 ?•* Out* 143 1(4 Hog* ... 17,000 17,000 LIVERPOOL DRAIN MARKIT, Wbont op#dm H to H low#rj 130 p m. 44 lower; eloMt) % to % lower. Coro oprnrd him IihukM to lower; 1:90 p.m. .unrhaogad; doe<'U uochaogo<l to nig bo}. PRIMARY MOVEMENT. i and corn: Wheat—n#<*eipu todu LW.W) l>uth*!i . - bnahol* rear. Corn—lt»6*i»fpt» Coder 573,000 egnlnsr l>n«fiHs mat jet Against 1.421, hnahnia lost year; - u fiimtM today 314,0*0 bushels, agnlnst 072, NORTHWEST CARS. The following figures glrs the northweet cere today, laic week and leet year: fait Laat Today. Week. Year. IflaAaapftttf ID *1 217 f (ninth 11 47 4 Chicago %Z 317 217 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. CENTRAL BANK & TRUST CORPORATION, CAPITAL $500,000.00 If you contemplate opening a ntw account, or changing your present backlog arrangement, and wish to connect yourself with a strong, conserv ative bank, fully equipped to servo roc as your business J rati flea, we Invite you to call aud talk tbs matter over with us. Asa O. Candler, President. W. H. Patterson, VIoa-PreaidanL A. P. Colaa, Caahlar. John 6. Owant, Vlea-Praaidant. Wm. D. Owtni, Aaat. Caahlar. -- i BtiiTrma lar*l, *>.75: B . , , rri'«w «■"*Lxcuan- ' FAGAN, Mananar. Drift rorapousd, TV; «•*! and Lang Dlstone* Talaphon. 5298. «• «• " K>-l I'r.raa. lOr. Buqw Qrltaut. ware: a leland COTTON, CHAIN, PROVISIONS, STOCKS, ' .BONOS, few Y$rk Csffss KtMBIKS: Sfctaa, CoHm L.bre. . . (affd tiifoiUff. Nfft 1»rk Co'ftr ItcHajt. JSHJimm Z u,\. 8tw Oritttt. Okay.- «. c cojutiw. vBjjm. rat* f742. 3rjp«ft/# ra««f 2 farftaafr. M Uckaay WM. La r*SU Prwl4#at. • BOBT. r. MADDOX. Vlc^Pres. THOfi. 3- PEEPLES, Cashlsr. JA8. O. LE8TEU. Asa’t Cashlsr. MADD0X-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITCO We Invite accounts of individuals, corporations, banks and bankers and offer the beat terms consistent with conservative hanking. ' In our Bavins* Department w# allow Interest at the Rate of 3 1-2 per cant. Compounded Semi-Annually.