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THE JULY OPTION
IS BEING WATCHED
HEW ORLEANS BULLS HAVE
IT WELL IN HAND.
New Crops Lower on Reports of
Improvement in Grow
ing Crops.
Interest In the cotton mnrket today was
center**] In the July option In New Or-
"ffira n dnneerous option to trade. In-
•»mu<*h ns the custoinrtry margin mil ho
wIihmI out In a few minutes ou either aldo
of the account. It Is a position to bo
manipulated either up or down to suit the
bulls, hence brokers .there are refusing to
accent business uulosa receiving or dellv-
•rim; the actual cotton la contemplated. A
margin of »4 per bale la required.
The new crop month* in that market
ahow n declining tendency, due to rejmrts
of general Improvement In the. growing
*Thi» Times-Democrat published Its report
on the progress of the cotton cron during
the mouth of June this morning. The con
sensus of opinion Is to the following ef-
distinct Improvement has lieen the rule
-though Georgia and certain sections of
the i’nrollnts complnln of damage from
txccsslve mins. Taking the belt as n
whole, there has been practically no abau
donmeiit of acreage.
The cultivation has been good, though
labor is scarce In most district*. The boll
weevil Is reported from aome parishes
In Louisiana, but the peat seems to be
less menacing than usual in Texas.
lit New York, the trade Is apparently
expecting the government report, to lie
Issued tomorrow, to give them n cue ns to
the course of prices In the immediate fu
ture. hence trade Is dull, with the tendency
toward n lower level. Midday price*
showed n slight decline ns compared with
Saturday's final figures throughout the
‘*The New York Commercial, In Its review
of the cotton market, on Saturday, snya:
“There was a decided change of sent!
meat during the late trading, and there
are many who now believe that October
Is so badly oversold that there will be no
escape for the shorts In that mouth, no
matter If It should be ft 13,000,000-bate
crop. The south ami the rings are short,
and against their shorts is ft long interest
representing sales to mills which can not
be dislodged. The general sentiment niter
the close yesterday seemed to be that n
government report In the least bullish
might breed a runaway market.”
By Private Leased Wire.
New York. July 2.—In the cotton market
further good covering by shorts offset the
weakness of cables and caused the market
to open steady.
There was n disposition to even up for
the government report due tomorrow. This
Influence checked uew business, and made
It difficult for the bulls to follow up their
advantage.
After selling down to 10.23 for Oc
tober and 10.28 for December in the
late forenoon, the market rallied a few
points after midday. The recovery wan
short lived, howeved, and under room
liquidation and short selling by wire
houses, prices again weakened and at
l o'clock showed a net decline of 6 to
8 points.
SPOT COT1 ON MARKET.
NEWS AND GOSSIP
Of the Fleecy Staple.
New York—Quiet. 10.80.
New Orleans—Quiet. l*ftc.
Liverpool—Quiet, 6.10d.
Augusta—Steady, UHc.
St. Louis—Quiet, lOKc.
Savannah—Quiet, 10%c.
LIVERPOOL COTTON MARKET.
Liverpool. July 2, 13:15 p. m.—Cotton, spot
quiet, with prices easier. Middling ur
lands 6.10; nates 8,000; Amerlenn 7,601,
speculation and export 500; receipts 900; alt
American.
Futures o|u>ncd steady,
opening Previous
J Range. Cloae. CIo«m.
uly &.« 5.W Ml
uly-August. . . .5.77 6.76-5.77 5.83
August-Sept. . . .5.70-5.60 6.00 5.77
Hept. October. . . .5.61-5.60 6.61 6.60
Oct. Nuvember, . .6.56 6.56 5.60
Nor.-December. . ..5.55-5.66 6.54 5.54
Lee. January 5.6<W.55 6.54 6.54
Jn nun re-Feb 5.56 6.66 5.65
February.March. ..6.58 5.56-6.57 5.57
March April 5.60-5.60 5.58 6.58
Closed very steady.
TODAY’S PORT RECEIPT8.
The following table shows receipts at tha
ports today, compared with tbo same day
last year:
Mobile
Savannah ...
JTwrieston ..
Wilmington
3
JS
interior movement.
Houston
Augusta
Memphis ;
Louis
ClOrlniwtl
Total
WARE a. LE LAND'S
DAILY COTTON LETTER
•2^22??* Aft The roHon market
lo . :.' r ln - lf '. lul ! today. TUe talent ,
SJ "*l , l«* attitude. n» tomorrow I, l.ui
W *'rer a holiday. Tbo ...
Diurr,„L' T trod- In irnrral over to-
i T I. "ffirt °°. roudlllou wo, lutrnol-
I.! T rl “‘-* l'riiiocnit report on tb*
’ , ' n * " lore l^artab than eiorctod
' IO I-' 1 " 1 to a report by tbo nc
I "' ,, 1 " 1 "'V' 11 "™. o» Iwtwron St and *7
*' .. I ,le TlniM-lioinoorat report
»ll«liiljr K.wor opruln,. Imt affor
b,.t ?ad until 1 orl-K-k the market
tondono, at all. The i'lrayno*
ItikJ LT 11 . report. wore alao 1/r.rl.h, ami
h.ar. bad not boon abort aoma
a, T/ ..— j! 11 * would haro boon In nrdrr.
u. L'Sjf* report tomorrow will haro to
lioariah to ranao a matortal
Sratiii? •” *o*a of abort* ”■'?
•ratrUrenL,* 9 breflta on eron n niml-
* ‘*^»»uHt|i»tt la now apt to go too
Private Wire to Qitiert & Clay.
New York. July 3.—Liverpool at 12:30 d.
higher* * hl * h|,r ' ' Va « expected to be*3
lw\nir *•—The July squeeze
ndirntiM 0 wM Th Liverpool Ignores the
Advance which was due. The advauce of
fesa
,“‘«P la.rerT fnvnrablr. ahtnrln,
f^Ufod BjM In the Holt*, otborwhi
the belt la dry hut generally cloudy.
ondertonok ninrkrt
SjWtt, rmn'n
Fui^mproremenL llowevt '' ; '
'■ flfj.f down to tradios with apoi
handlers. Hulls claim enn put this option
Mmhmm »»«*Jf manipulation *for any SnJoS
jdoned speculative longs will be In
pJ'SSl • henc * WB w,nt «*
Private Wire to Ware & Leland.
*®fk, July 2.—-Cottou opened steadier
“MS** 1 ! »no“kb there wna aome Wall
Sreifi!. 'Si 11 ”* r!" 1 ” 1 on . l ,oor '■"''lea and far-
report Trade light
and largely of professional character.
'J/Wajcnble,: “Market .tendy; bull
neaa limited pending bureau report."
Orleans, July 1—Liverpool Is nbout
ns expected up to 2 p. nt. The TTmea-
1 hp D ra. J £ n< L r f por f K° n aw tho tnrtlthm Of
hp * rl * b ,h *» exrH*et«l and
EgSrSd"Jg 1 " " Ur " U repor{ ,1,nu ,,n,
SHORTS THE BOOSTERS;
LONGS DEPRESSORS
"fleana 7ulj- 2—Ttme.-Democrat:
Short, were the Imoatera and lonna the
- If'..h 1 . 1 ' WT PnalHon w,a the hinge ou
re HM„ < Lli f! , , ’ r ' mf .v" n<1 T ' r J’ UttTe at-
* lr '? , ,h ® inorement, the
wenther or the nplnlona emanating from
New lork. Beyond the trend of*enrrent
*’*“!$• < >• altnatlon nprwnra to In; rea-
Nonnhlr Clear. Inyanee It 1> .|ulte generally
recoitulted that July atrlngency la eicrllnsr
r 'V * K ’I en "“l Induence na n aua-
f*rt®r »* new crop option.. Local
ly, straddlers for tho moat part are car-
rylnir the aiwt month abort 'tntereat, and
diagnat with their hnnraln hna turned them
allluto anxloua aeekera for corer. But the
few men who control the attention have
no Intention. If they can help It. of per-
«?•">>««, "ae ao rapid that outalde rot-
ton will he poured Into New Orlennn for
wl'ih™,r P .nK?.'7.' .k T, ! <! Bren 0 " 1 "'’", while
ulihoot merit In.the hroader aenae, nerer-
theleaa cnrrlea with It practical ponalblllttca
, r * n 1 nut be overlooke<l. hence the ten
alon lately In crldencc."—Ware & Leland.
QIBERT & CLAY’S
DAILY COTTON LETTER.
By Private Leaned Wire.
New Orleans. July 2.—The Liverpool
market was excedlngly quiet, options
showing on the close no change from
Saturdays llnal prices. Spot cotton,
however, was more In demand, sales
today aggregating 8.000 bales at a de
cline of 4- points. The market's under
tone was fairly steady early In the day.
but weakened somewhat later on'free
offerings, and from the fact that the
July liquidation was much less of a
factor In Importing any undue strength.
The near approach of the government's
July report, namely, tomorrow, Is prob
ably responsible for the Inactivity in
the market, traders apparently being
unwitting to further commit them
selves, although It Is generally admit
ted that very little, If any, change Is
looksd for from the previous month's
condition figures. However, it would
not be surprising tot see an Improve'
ment, as Indicated by The Tlmes-Deni'
ocrat report published today. The
weather In the main continues excel
lent and since the breaking of the
drought, moisture appears to have been
very evenly distributed. The majority
of complaints have been momentary,
and hence easily remedied with the
single exception of the scarcity of ht
bor, which In reality has assumed SC'
rlous proportions In several sections
of the belt.
New York. July 2.—The trade demand for
cotton nt homo nnd abroad, and the con
tinued autlafnotory development of the new
crop keeps the market In “atntu quo."
AT BETTER PRICES
DUE LARGELY TO COVERING
OP SHORTS.
Feeling General That Declines
Last Week Had Run Too
Rapidly.
rnornlng’H trailing went throi
of erratic fluctuations ami n ...
ilair were left with little change from the
Sntunln.T'* closing. London sent over high*
luotatlons, ami following this the I<
Jlst started off with aome rather 001
■Idernble gains. Then, trader n renewal «
liquidation and short sellluf, the advanm
were quickly lost, the I’eunsylvaula and
evl*
aeni. nowever, mar me mamet *“
quality of resistance which, during
greater port of last week, was wholly ab
sent. Price* when forced downward se<
ed to be yielding to bearish operntl
muck more than to actual liquidation, t
n consequence, whenever there was any
* ~“ ■ t all In opwtpogi Hi
rallied very easily.
Although there were no important di*
velopment* over Sunday, the stock market
opened Ann at general advances. The Im
provement was largely due to the covering
of shorts, but there wa* a more general
feeling that the declines last week bad run
too rapidly and that a rally, at least, was
due. Steel stocks fractionally higher, Col
orado Fuel la up 2?4. Amalgamated ad
vanced 1 point. Smelting scored ft frac
tional advance. After the opening trading,
the market was heavy and price* showed
•cessions from the ton.
The tone of the market In the early part
of the nrat hour was decidedly strong, but
prices declined after the first fifteen min
utes, then the mnrket rallied, and. In
some cases, more than recovered the early
loss. In nearly all stocks traded In the
quotations nt the end of the first hour
were materially above tho closing figures
on Saturday. The widest movement* were
in the Bln stock*.
Tennessee Coal was nn exception to the
general strength; nnd although it made a
t ain of 1 point nt the opening. It quickly
ropnrd 6 point*, and did not share In the
latter rallies. ... - „
Government 3a coupon declined He.
Other bonds lower.
STOCKS REVIEWED
BY NEW YORK SUN
__ 1/
For the demaml for spot cotton there 'ap
pear* to be a supply, and much cotton that
hna been held In the Interior I* finding s
market In small quantities, which about off
sets the demand r for uew England and for
export. It now looks a* though the bureau
of tomorrow will show no material change.
It should In reality show some Improve
ment. There has been very alight deterira
tlon In Texas, notwithstanding the howl
that local speculator* have *et njg In the
Carolina* nnd Georgia there has been a
□ “ibt Improvement, and a material one In
sslssipnl and Louisiana which offsets the
deterioration In Texas and Alabama. The
crop Is generally clean and the rains of
last week have everywhere been beneficial.
In the local speculative altnatlon the only
prominent feature Is the effort of the bull
Interest to make the public bellcvo that
** ** In n precarious condition, honing
o establish a basis on which n
j Interest might he liquidated, but
the cotton world will not be fooled, nuc!
whether the Interest shall be liquidated
successfully or not depends on the weather
during Jnly nnd August. Meanwhile new
crop positions do not decline in price nnd
apparently nre not likely to until new cot
ton la available, nnd It Is Iwrely possible
that competition for the early receipts of
the new cotton might cause a temporary
ndvnneo later on, but It I* extremely doubt
ful, that December snd Jnnnnry will be
materially nffeeted.—C. I). Freeman k Co.
PIEDMONT BROKERAGE
DAILY MARKET LETTER.
By Private Leased Wire.
New York. July 2.—Cotton—Dull
ness and steadiness In the cotton mar
ket this morning. Liverpool cables
were lower than expected and our
opening unchanged from Saturday**
closing. Weakness developed on the
new crop options on reports of favor
able weather conditions, and expecta
tion that the government report, which
comes out tomorrow, will show the
condition fully maintained. We hardly
expect much activity in tlie market at
present, as the public Interest Is small
est for a number of months, and only
expect a trading .market for the pres
ent.
high for the trade 3 _
rains that relieved the drought
west csine shortly after the 26th of Juee.
which la the date to which the report, la
carried and for this reason a report of bo-
tween 86 and 87 would be very Pariah, as
It would point to a condition of at least
89 for tbo period Immediately after the
rains.
GIBERT & CLAY
'• *■ ALABAMA I
STOCKS, BONDS.
COTTON. CRAIN.
COFFEE. PROVISION*
ATLANTA. OA.
[Galveston Cotton Uxrkaaga
Private Wires to all Exchanges
Lena Distance Telephone 5/*)8.
VV. R. FAGAN. Mananar.
Now York, Jnly. 2.—The Sun aaya: "At
the opening of last weak stocks Were, al
most wholly of a professional character,
but there was continued evidence of the
operations of speculators for the decline
who were endeavoring to press prices and
to counsel liquidation by pools on which
the advance In th> rntos of tlmo money Im
posed n considerable burden. Jlil* party
called to .Its aid-a greet, variety-at sensa
tlonal rumors ns to the alleged purpose ol
tho administration in regard to the im
vestlgatlon of corporat|nn«, railroad nnd
Industrial, and the criminal prosecution
of officials who might 1h» held responsible
for any violations or evasions of the law.
The inference at which the street ws* ex
pected to arrive was. of course, that In
dustrial prosperity was on the wane ami
as simultaneous pressure wss brought to
ln*ar upon a number of prominent industrial
sauea, a large part of tne trading cotumun
ty arrived at tne conclusion thnt tho turn
Ing point had come In the market and that
the general tendency of prices would here
after be downward. Another matter which
was worked to its fullest extent ns nn n
verse factor was the announcement Hint
RANGE OF NEW YORK STOCK MARKE1
Open)High]Low.[Close Bid. (Close
tod ^Copper
Sugar Refining.!
American Sug,
Aniuomlii —
American Locomot!
pivferred....
do preferred
ivrlonn Smelting Refining 142ft
do preferred 116
Brooklyn Rapid Transit
Cniuidlnn Pacific
,'hlcngo and Northwestern
'hoMipenke nnd Ohio
'olnriido Fuel nnd Iron...,,,..,,,,,,,.,,.,,,.
'entr.nl Lent her
tlo preferred
’hlengo itud Groat Western
hlcngo, Mllwnukoo and 8t. Paul
Doinwnro nnd Hudson.
Distiller's Securities
o preferred illlllllllir!!!!!!!!!!!!!!!!!!!.’!
•rnl Iilootrle
Illinois Central
American Ice Securities,.
LoiiIhvIIIc nnd Nashville
Iran Central
our! Pacific
York. Ontario nnd Western
Nn rThorn 1 .’-Ttir'" """ I" ^ ^
Now York Central
Norfolk snd Western.
Pennsylvania
Crossed stoei car.!!!!!!!!J!!!!**!!!!**'********!!!!!!!!!
Pacific ffsll "I"
Reading
Republic Stool
Rock Ifdnnd ,,,.,
do. preferred
United Staton Rubber,,,,,,,,,,
do preferred
Southern Pacific
Southern Railway
do. preferred
Sloss-Sheffleld
Tennessee Coal and Iron
Texas nnd Pacific
Union Pacific
United States Steel...
dq. preferred
Vlrglnla-Carollnn Chemical
do. preferred
Western Union
Wabash :
do. preferred
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Oibert * Clay.
Chicago, July 2.—I believe there will
enough pressure on July wheat to carry t
mnrket lower. There Is good ovldence that
cash wheat offerings arc free.
Oats opened higher, but turned
>n heavy selling by Cudahy brokers,
mission houses bad buylug orders n
ks. Trade here
deliveries . ^
\ ackers have bt...
Ilx to Sept.Mil!.,
’.Sl
im a
RANGE OF THE COTTON MARKET
Corn
won't ho
to the local eieratL.
slow. Logan offering May.
Kldson Just sold September
I Good deliveries of wheat are expected
on July contracts. There will bo also some
nnd possibly a little oat*. Light
* .provisions oro expected, na
active In changing from
-"V,-, - r i»«-,w4r. although there i
be fair deliveries or abort ribs, which
b« taken care of by Armour.
Tho Record He raid: “With price* above
vcl, wltn liberal deliveries of
1 July contracts Imminent, and
ivith a large and —
-Top Immediately I,,-..-.,—, .* —
lor that tho speculator waa disinclined to
lake up the burden that homo niUlefs nnd
foreign consumers refused to bear. Bnr
, an nocldent 1° t* 10 spring wheat
ilcli will, of course, put a new fare o)
entire situation, It Is up to the fnrmi
Imld his wheat, or see it drift to a price
level at* which tho foreign buyer Is will-
lug.to tnko a very considerable ounutity
of It. it Is fortunate that this level ‘
not nt the moment very fnr nwny ns
the English raarkoto, but the continental
area, with the exception of France, show
ing extreme indifference nnd aro a long
way out of line with Amerl«*n.
"Corn has made a go«Hl showing during
the last week. Tho price has hold re
markably well, In view of the splendid crop
promise, the heavy receipts and tho ab
sence of any material distributive demand
through tho east. Tho strength la ex
plained because of the heavy shipments
made to fill former aalcs, ana because of
ths existence of a large speculative abort
Interest lu July delivery.
"Quite a strong bullish sentiinont la run
nlng In the oata trade. The belief Is' wldo
spread that the crop will turn ont light in
- “ portion of the are* a
totnl yield materially."
Private Wire to Ware A Inland.
Heaviness of wheat doe more to lack of
buying orders. Offerings light, and any
bnylng nt oil will help prices. There Is a
cubic hero from Argentina saying hoary
number of anthracite coal mini*
cloae down for a few day*.
Ing more than the usual c —- a
nt the mines around the Fourth of July.
But while the argument* f«r a depression
here enumerated futd In no Instance, any
real merit, there was one factor whlcn con
tributed largely to the success of interests
working for a decline In the market, this
being the calling of loans nnd Pin tying
up of funds In preparation of the Julr dis
bursements. which this year am tho largest
on record. —OInert & Clay:
TIPS FLASHED
From Wall Street
lu 0 .,^'^.'"^ jsto vn
u wr.
N.w Turk. Jnljr t—Bpaili-r & Co.
The lufluenc. of . eonirreH artlnc on au
extreme of Impulse from extrome view, of
an active .ml. perhupA refleetlu* an exag-
gerntetl degree of apprehen.lon ou the pert
" the jiulflle, I. rumored hr the adjourn-
it of that holly. Itu enactments, wheth-
.. for the good or for etll, will bo In
effect In the near future, ipl aome are al
ready at work."
Stock, plentiful In loan crowd, and will
encourage renewed hear drier, and create
farther lli|iild.tlon. while there 1. a pros
pect for gold Import., heavy dlsbureemeut.
of moner foe Intrre* .ml dividend, to b*
nude this week, tod tk« fart that con
gress ha. adjourned, will no donhf, work
tuc.nl fomenting bullish sentiment. It I.
doubtful If milieu are pronounced or bald
to any sxtent. it would ream, howerer
that from now an the good .twkn should
■how prod table tarn, when boaght on sharp
declines
Bnmm.ry of Kalnrdsy'. stock mark at by
Dow, Jone. A Co.: •
American stocks In London strong
.bore parity,
Ton* of nampsper commant orer .ad of
the week conservative, but fairly road-
dent.
Tnlled' State Rteel half year cIom. with
turpln. In neighborhood of nm.000,000.
Illinois Central earning, for rurrent dieal
year about 11 per rent on slock.
Rtocka lending freely In loan crowd In
consider.bl* quantity.
Forty-fear road, for third w«*k of Jon*
National Oily Iwak .how. principal cash
gain In bask statement.
Kirhange utlll nt gold Import point, and
pnrrheoM of bar gold In open mnrket
ndon foe Amerlenn nrronnt thought
■wodbie.
Twelre Indnatriaia declined 21 per rent
RANGE IN NEW ORLEANS COTTON
Tho following I. tho range In cotton
future. In New Orloqn. today:
Last Prsrlou.
. . Op«D. High. Low. Kale. CIom. Cloae.
July .lLl« 11.5> 11.06 11.06 U.M-06 U.14-16
Aug. .10.62 10.63 10.64 10.61 I0.M-M 10.68AO
Kept .10.37 10.38 10.M 10.24 10.1844 10.S-40
Oct. .10.22 10.26 10.12 10.20 10.SH 10.
hre.' :»:* io!g io.a tin !o:S'“ lalti
Jen. .10.22 10.23 10.22 10.28 10.SJI m3t-96
Feh. 10.32*31 10.2T-41
Mch. 104142 10,47-42
prll
Closed quiet nnd steady.
RANGE IN NEW YORK COTTON.
The following la tho rang# In cotton
future* In New York today:
« ... Inrt _ Prerloi
, . BjPJJ- , ' 0 ’* "hie. CInir. t'lcia
July. .».» 10.32 10.17 10.23 10.24*25 10.20
!SS iS:y M ||1 k&S
E-. M P !S:§ Q W&M \
DSC. .10.38 10.88 10.88
Jsn. .lO.fc 10.38 10.33
Feb.
Cufiahy telling May and December not*
caused weakness at the npminir. Around
3Cc for September, Well* and tho Northern
Grain Company were tbs beat buyer*.
Trsds now very quiet-
!?:SS »S?
rau. ,,,., 10.34-36 10.41
Men. .10.47 10.48 10.40 10.43 10.42-48 10.4*
steady.' ***** **"* *
COTTON SEED OIL MARKET.
New York, July 2.—Tho market for cot
ton seed oil trim quiet, with prices a shade
lower. Rr fln*TK volti No{ii4i, nn-l ouisltln
speculators offered morn freely. In tho
osar position*. It waa still a waiting mar
ket, whllo the new crop deliveries wars
susceptible to narrow movement In cotton
nnd the steadier feeling In lard. Spot waa
quiet, with prices nominal. Prices at the
close were unchanged to He higher,—Waio
6c Leland.
July .*
August
September
October __
November 34
De*-ember 31 1
Closed steady.
H lower; closed ft higher.
CHICAGO CAR LOTS.
Today, Tomorrow.
189
11,000
Oati
HogV 45,1
THE METAL MARKET.
By Prlrato Leased Wire.
Now York, July 2.—Thoro was
slightly firmer In tone In tin whtrh
advanced 1-2 for spot and nearby cfo-
llverles. Other commodities wero
nominally unchanged.
Chicago had ita first new wheat of ths
Mason Katurday. Five car* of uew turkey,
bard winter from southern Kansas arrived.
They graded No. 3 bard, and weighed 61
pounds to the measured bushel. They were
held nt 8e over the July pries, nnd n local
miller bid lr oyer, but them were
•ales. Last year, the flrat car arrived
the 28th. and Inspi-clod No. 3 red, nnd
brought SI. It wne from Missouri. The
movement of new wheat la expected to In
crease slowly from now on. Imt those who
have made n close ennvoss of tho situa
tion say lb«*y do not expect a heavy
movement until after July 15.
"Wheat hulls derived n little consolation
from n Ilroombnll cable, which said tho
weather In France la droughty and prices
ore now reckoned at about an Import basis.
Jute wheat In Paris has advanced Sc in Minneapolis
two weeks. Duluth .
\ dec ran so of nenrlf 1.000.000 bushels Chicago
xjprctfil Ut the visible supply.of,wheat
els last year."
week, compared with 1,114,000 bush*
NEW YORK COFFEE MARKET.
Following Is given the opening snd closing
quotations of the New York coffee market
today:
WEEK IN WHEAT
STARTEDJI^HADE UP
COMMISSION HOUSES WERE
THE BEST BUYERS.
Due to Better Cables and Light
Receipts in the North
west.
WEEK IX WHEAT— Markets
Chicago, July 2.—After opening m
little firmer and holding steady as re
sult of wet weather throughout the
northwest, wheat suddenly weakened
on heavy offerings, final figures allow
ing a rather substantial loss from those
of Saturday. Tired longs were the
principal seller*, though commission
houses had qulto a number of selling
orders, especially on the hard spots.
The breaking of the Argentine drought
and the heavy offerings of new wheat
from the southwest served to offset
effect of wet weather over Bunday in
winter and spring wheat territory. Un-
leas millers show some disposition to
take new wheat, futures will natural
ly work still lower.
Corn has boen dull, but has ranged
steadily lower. Cash trade (s good, de
mand coming from elevators to apply
on July delivery soles nnd n llttlo local
Industrial and local shipping. <’a«h
corn In tho sample market off 3.4ftla
following similar decline during same
time In tho futures. Crop prospects
excellent.
CHICAGO GRAIN MARKET.
Tho Chicago grain market ranged as fol
lows today:
_ W1 . Previous
WHEATS*"* n Sh * t * Xt “ Cl0B,k Ctoaa.
July. .
Kept. . . .hU*
COItN- 82 ^
July.. . 6244
fifo i
. o^tk-
p.\: 1
sin
l’OUK—
Julr. . .14.20 17.20
Kept. . .10.77# 10.06
Jim
61H EIH
51%
43S 43ft
S6ft 56U
16.00 17.12ft
16.77ft 16.(iO
16.87ft
50ft
8.82ft 8.81
ft.o'jft s.idft
9.00 9.60
& •: SB Ig m Iffil
Oct. . . 9.2U 9.25 9.17ft 9.22ft 9.12ft
Cash wheat. No. 2 red 88: No. 3 do so
" No. 2 bard winter 16012: No. 3 do
No. 1 northern spring 85; No. 2 do
No. 3 spring
NORTHWE8T CARS*
Today. Week. Ye
LOWRY NATIONAL BANK
6.86-6.46 &304J6
I-4H4? IP3
-8.M-6.ID 6.45-6.50
6.606,70 6JU»-C.G0
1.70-8.76 6.55-6.70
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers' Letters of Credit available in all parts
of the world.
THE 8UGAR MARKET.
WWlS L W J(*n lb. liinr ra.rk.t
lorslly refined A and raw maraet steady
and unchanged.
London beet market steady; July 8a 3d.
August 8s 3ftd.
Frank nawklos, President.
FI. M. Atkinson. V. P, TnomsqjC. Erwin. Asst. Gstbler.
Joseph A. McCord, Casblar. It. W. fryers. Asst. Cashier.
Third National Bank
Capital
Surplus
Iton Dargan.
in W. Grant.
Y. McCord.
DIRECTOR81
Frank Hawkins,
n. M. Atkinson.
Joseph A. McCord.
$200,000.00.
$300,000.00.
J. Jp. Nun nally.
Carroll Payno.
H iLosser.
arid Woodward.
BANK CLOSING NOTICE.
Wednesday. July 4th, fs a legal holl-
Tho banks composing the Atlanta
Clearing House Association will be
closed for business on that day.
JOHHl’ff A. McCOBD. President.
DARWIN O. JONK8, 5!ansger.
PRIMARY MOVEMENT.
The following figures show tho primary
movement of grain:
Wheat—Rerplpta 465.0W boahela. sgtlnst
last year holiday; shipments 2rw.<».id btuhela.
* .'11, l:. < « l|.?-4 !’■»> IiIIpIipIh. Hfflllnst
holldny hut year; shlpraonta 5S],000.
SOUTHERN EXCHANGE
Oldest Establlshsd Offico Fouth.
conos-- -STOCKS--* BONDS —SSilS
Ground Floor Qould Ilulldlng. Dolly
mnrket letter and market manual
malted nn appltentlon.
L. J. ANDERSON & CO
Bankers and Brokers,
CODON, STOCKS, GRAIN
Corruposdsst's Capital $250,000
REFERENCE, TNE NEAL. RANK
PHONE f AIT. PRUDENTIAL R4.DO
HAVEYOUANYMONEY AHEAD?
Is U Invested where It U perfectly safe?
Is It arallablo now If FORTUNE: should knock at
your doorT
Prepare yourself to take advantage of opportunity
by Investing your savings In this bank, whero they
will earn 3H per cont COMPOUND INTEREST, bo per
fectly safe and avallnblu practically on demand.
CENTRAL BANKS TRUST CORPORATION,
CAPITAL ...... $500,000.00
Asa G. Candler, President.
W. H. Patterson, Viee-President. A. P. Coles, Cashier.
John 8. Owens, Vice-President. Wm, D. Owen*, Aeat. Cashier.
$14,250 LAND NOTES G PER CENT
Made by one of the wealthiest
men in Atlanta and equally
indorsed.
No Brokerage Nor Commission.
Address
LAND NOTES,
Care Georgian, City.
Money on Cell Working Tighter.
Money on call oprnrd at $ per cent;
highest 7 l-2i teweet 6 1-2; closing |
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITF.Q
Wc invite accounts of individuals, corporations, hanks
and hankers and offer the best terms consistent with
conservative bunking.
Rate of 3 1-2 per
m fork. *nv Orltau.
COTTONVGRAt^,^ROVlsfoNS, STOCKS, BONDS,
lit. 2 Will SI.. Piltn 4miHhj. Alltali. 6,
UtUSttS:
trm rtit CtMci l,<»•«,,. Will* «• irJ ,f r,iJ«.
... O/i.i.i c.ir.. Iji4>re<- 3 '?'*
llr«r,.o( CoM.. 4,or. hew ,0/4 Colltt iMlhltgt.
P/,filo W/fo, t. No. Yo/4. 2twO/loi,l. Chlcogo. 2. C. C07M4AV Kmot/.
tmtun i2o. s '»"-»/< rt-
PIEDMONT BROKERAGE CO.,
(Inoorporated.) Basement Floor Piedmont Hotel.
STOCKS, RONDS, CRAIN, PROVISION*. INVENT MENT*.
Feet Wire 8ervice from New York, New Orleans, Chicago.
CORRESPONDENT t
M. d. SAGE A CO.. AX BHOAOWAV, NEW TOSH.
tow. Horn. M40» 9 *f loci iisdloiq Cut**** Bill F'w 1191.