The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 07, 1906, Image 11

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r THE ATLANTA GEORGIAN. EDITED BY JOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND 'FINANCE"! Ur. IJvoly'a 25 years' experlenc# >f editing markets In Atlanta and th© South baa made him a rec ognized authority In bit specialty. COITON HOLDS ITS STEADY TONE PIUCTJATIONS COVER VERY NARROW RANGE. Kent Generally About Stand-Off end Option Trading Is Small. since tb** holiday speculation In cotton fa tures has kn-n practically dead. Thera la nothing new> ***** h,# not ***“ known f«*r the paat two or threa weeka to laducoce the coorae either np 01 d °The leading bull would have prlcea ad Tsnce. nnd doing everything In hla power, In the wny of bullish literature, to accom- pllsb this result. Around the ringside, how etcr. bis brokers do not show the «g< grrmdveneM required to boost prices. In th» meantime, It Is reported the 800th Is not following his lead, and are said to be the l*e#t sellers.. This action ou the part of the Month, If true, plays Into his hnudx. ns be will be enabled later on to force them to cover at better prlcea. The New York Commercial, reviewing the cotton situation, says: • Liverpool It disposed to bo more bull ish just now thsn Is eltber New York or New Orleans. The American markets have been Influenced more than has Liverpool by the selling of tbe Mouth. Liverpool If pay ing attention to tbe statistical position, sml considering more closely thsn the American markets, perhaps, that tbe stocks In Great Britain and the continent are small In comparison with what they should U' with ns much busluess In front of the mills ss there Is ot this time. The show ing made by Liverpool yesterday would teem to Indicate, however, that It la very conservative In Its bullishness, nnd not at nil ambitious to try atid lend the wny to a higher level of values at thin time. •The government report Katurdny did not change tiny oue'a opinions. It wss too neflfir what wan anticipated, although the boars had had very strong hopes nil along tb«t It might be something like 88 nr 90. stub wore lively market —. rsr-irt. and the brokers are now wonderlug wSetber or not these predictions nre go ing to come true. Theodore If. Price record with the prediction known. Price la still n bull, and he bnaea this statement upon the belief that there Is going to be nu active bull market. "A majority of the local cotton men can aw nothing in the situation nt nil that holds out any promise of 11 bull market nt this time, and ns they nre Inclined to the bear's ride they can not agree with Mr. Price and bis optimistic prophecy. The general opinion la that It will toko n p.Timi of very had weiuher In tbo belt to cause any mnterhil advance, and nnlcaa this should be seen, the market will con. tlnue a slow one with a tendency to sag. SPOT CODON MARKET. NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Glliert * Clay. New York. July 1—Liverpool at 12:10 p. m. was 2 and 8 points higher, which is about os expected. W* hl * or , * hew •*« reports of rain In ....—yester* day. Was due 2 to 3 points higher. Market narrow, but* with a steady under- me canoed by some buy I of shorts; otherwise featu Today's mnp Is fairly dry. but cloudy In the, western nnd extreme eastern portions — , the precipitations occurring being The eastern forecast weather with showers on the const for the t'nrollnns and Georgia; showers for Private Wire to Ware & Inland. “.—Cotton I ... but offerings readily Liverpool has taken. Looks like Price October and December. V crease In outslds baying, mai sniirl. Arkansas nnd northern part of In dian Territory daring the week Just paused are quite sntlsfactor;! The weather has |>een favorable In tlw* main, seasonably hot weather with good ralna. Just at want* ed. nnd the growing cotton t — tlnulng to make good progress. free from grass nnd the t „ Tbo general outlook New Orleans. July Reports from the Ban Antonio and Aransas Pass railroad are flattering. Cotton Is In good shape nnd will make as large or larger yield than It did Inst year. Boll weevils nre reported In but few places. This Is from 51 towns In southwest Texas. The net stock of cotton in New Orleans Is 39.011 bales, against 54.9S9 nt »hJn Jlme last year. The amount of cotton on ship- neon 1 no case rnr sonic pnya pn*r, crops are steadier than the old. July Is easy, but October nml December nre very steady. Mhorts do not like reports of too much rnln and consequent crop de terioration In the Atlantic*. Spots arc dull but steady nt quotations. The first bate new cotton auctioned on »or of the cotton excS pounds; cbinaen good 1 ** ‘ 1, Nelms Atlanta—Steady, IWic. New York—Quiet. 10.80. New Orleans—Quiet, llftc. Liverpool—Steady, 6.Old. Augusta—Firm, llttc. LIVERPOOL COTTON MARKET. Liverpool, July fl, 11.15 p. m.-Cotton, spot dull, with prices unchanged; middling up lands 8.0®; sales 5,000; American 4.W0: spec ulation and export HOD; receipts 8,000, all American. Future* opened steady. Opening 1!at,m* rinui I’lOSe. its |its a.pt. l,ot 5.M 6.B4-S.BB 6.69 (lot.-Not 6.67-S.58 5.40-6.61 5.66 Nor..tint S. 54 5.67 6.63-6.40 B.M l».- January. . . .5.67 6.64-6.40 B.M ... .5.67-6.66 6.30-6.31 5.1* TODAY’S PORT RECEIPTS. Tb* following t.lilo ports today, compete «»t jinr: receipt! at tha •the same day dalvetion ..... Mobile Knvannah ■jhsrteston .... Wilmington ... Norfolk Baltimore •J'-* York 2020 <U <8 T»t«l 4433 13133 INTERIOR It IOVEMEI IT. 1936 1IP6 llouatnn Augusta * Memphis .*,,, narinnatl m . 276 168 - 143 € 2407 I 360 Tntal *44 .7* OliEHT A CLAY'S DAILY COTTON LETTER .1 ," ri '‘» | i*. July 6.—Liverpool cal>tea 2™** " n,or »' bullish trend of sentiment, wiji'h culminated In an advance of from LiS * V° ,nfi ft* the day ou tbe options, sale* continue small, bat steady lu day's business amounting to ;L" f which, bawevar. wsa’lMufficlent In jeiume to bring about more than a slight Ie?rn ." n 1 btriag tbo dsy advices ware re- 2^,fording heavy and fairly general rZluVfihroughnut southwestern Texas and J3J, advices from Ware expressed tha SSSj? **»€t the precipitations occirred In 8S'«t! mf>tt ,n need of moisture, and few days have fallen on the 1 1 rofl,t are not seriously considered wJl?* '•■«■«* extensile damage, and - ZJIHi,? Hoar weather would In 1 New Orlcnna, Julr 6. but steady today. The one feature _ market was the squabble over rains In Texna. whether they really happened or not, or whether they were really needed or not. The lieat Information obtainable was that rnln fell In. portions df south Texas and that It was welcomed. Weak shorts, however, covered Just the same, and nut prices up on themselves. From the New York bull camp came eotne alarming lit erature concerning the lack of moisture In Texas, and It served to further Increase (he nerrousness among the bears. Too much rnln was again complained of In somo districts In the Atlantlcs, bat when every thing was said, nothing approaching a crop scare was hatched out. A food old-fash ioned crop scare would be tho moat corned thing wouf ‘ OPENING PRICES GENERALLY LOWER TRADING AT OUTSET WAS RATHER QUIET. After the Opening the Market'Be came Decidedly Strong—Sen timent Was Bearish. By Private Leased Wire. New York. July 6.—The action of the market this morning made it clear that tbe action late yesterday was an Intercep tion of a recovery and not a fresh decllno. At tbe opening this morning the general list wentjower in sympathy with a decline In the foreign markets. London's selling was the moat Influential factor In the deal lags st tbe start, but when the foreign offerings were taken, which they were very easily, prices started up Immediately, and In the course or tho morning rallied with more energy than thev have for while past. The leading Issues before mid day were back ,to yesterday's highest and. In some cases, above these high prices, and the easy manner with which tbe upturn was accomplished, created a decidedly more confident feeling In speculative circles. It was more widely agreed that the market had a sold-out nppearauce, and that morn than one large speculative Interest was be ginning to l>e embarrassed by Its position on the short side. These technical condl tlons, of course, took precedence over every thing else iu the day a discussion. With few exceptions the opening prices 1 the stock exchange ranged 44 to H low yesterday‘9 close. TU» opening ad van ftn while General iflcctrlc opened up" 544 high er. The balance of the list was heavy. Trading at the outset was rather quiet. After n wavering movement following the opening tbe market became decidedly strong and material gains all through the list were made during the first hour. Larger room traders nnd many prominent operators were nggresrivcly bulllah and had ilo trou ble In • fore* London sold decllnt. In governments ths 3a coupon declined %!& r c?u '- 44 In Steel preferred and not In Baltimore and Ohio, Electric opened up 544 high- bonds steady. ST0CKS~EEV1£WED BY NEW YORK BUN New York, June fi.—The Bun says: “Deal American .stocks lu Londou were quoted at feeling in financial circles np vail In London and on the I tinent. The covering movement led thing lu the world Just now ihl get the market out of Its and bring In some business. now, for It present . As nt there seems to bo no good basis for a crop scare. Th« country Is too short and crop conditions are too good, taking the whole belt Into consideration. It will lie a good thing to hear In mind for some timo to through nnd Hie volume of business wss very small. It was worse thsn a typical summer market. Spot men had the same complaint to make. New York, July L-*After an early weakneoa caused chiefly by short sell- Ing the stock market advanced under short covering Induced by the appear ance of buying orders under the mar ket and bidding up of a few special ties. Around the top prices, a check was noted In some of the leaders, but the market displayed a disposition to harden and remain quiet for a time, with a sort of deadlock between the opposite parties. The Indications are that no Important movement will take lace In the Immediate future, but that .Jquldation subsiding as It has, the shorts, of which there are many, will retire contracts as specialties may be bid up and Irregular Improvement to certain llmlta upward take place. We still recommend a conservative position with taking of moderate profits, and the close following of the Individual position, which give the Indications of vulnerability and strength from the technical point of view. We find signs that the big Interests are satisfied to take atocks on declines, and tho bear side la likely to be made haaardous In the Immediate future. We are In a period of uncertainty still, but the out look Is a Httle more promising, and ly open * dlngly. *lng again arket ruled using weak ruled bear, closing figures of tbe heavy S ractlcnl ty. Tl ughc_.. .... at the lowest he weather over the tbe advancement of the crop. The situa tion lu wheat Is unchanged. Everything from now on depends ei» the outcome©! the spring wheat crop, which nt this writ- lug la making favorable progress. Seutl- meat Is decidedly bearish, but traders nre rather cautious, realising that change In the conditions juust be for the worse. IV# feel that profits should be tskeu ou short wheat around the present level. Corn—The market was quite steady early, but weakened Inter on general selling by local crowd. Chief Influences bearing ou •be market were the favorable itate re ports aud good weather. The WMkMM la wheat aud oats caused some llqnldat ou. Acceptances, however, were again ngnetod light. We enn see nothing la the situation to warrant higher values. Oats—The market seemed rather heavy on scattered liquidation on selling by cash Interests. The beat Imvlng has been by short* Weather conditions were fever- able. Would uot be surprised to sec some f “froTlsbrns^-DespIte the decline In prices red to pre ~>£»enn con part" of ' tt—r.-- inirket, speculative transactions on Tuesday, wnn assisted by n somewhat larger volume nf purchases of atocks for foregn account than hna been witnessed here for setoral weeks. But toward the cud of ths day a lowed, which, although It left quotations At considerable net advances, wiped nway A Clay. Wars & Leland's Dally Coffee Latter. Ntw York, July I.— 1 The coffee mar ket opened quiet and unchanged, In keeping with ths European cables, and noon In the absence of buying orders, and at midday was net unchanged to 6 points lower under sales of no more than 4,000 bags. Europe seemed to be offering a little coffee here, sjuI there was some further liquidation by local longs, while trade Interests seemed to be the best buyers, which has been the general character of the business for some days past. According to reports circulating around ths street, and said to be authentic, ths valorisation plan with the clause fixing the exchange rate passed the Brasilian finance committee last week and should have come to a vote ln»congress on last Monday. At the same time,If investors could be cer tain that the scheme would be put Into effect any time next winter, there would undoubtedly be a big demand for coffee contracts, as no matter what Its event ual effect, It Is believed that for a time valorisation would successful!; advance the price. There was not mucl feature to the news. Neither the Bra silian nor the European markets re ported any change and receipts were about the same as recently or a little nder those “ Following I . quotations of 1 today; Oigidng. riosl; S.75-5.5U S.804.W C 864.85 S.90-7.00 110426 S.204.3) MO €.86440 6.40460 6A0456 Hales, 37,500. March April June July August Keptetnber October ....... November December Cloeed quiet. ['losing. €.•04# €.€6470 «.7&M0 IMS R.90436 I.3S440 scarce. Home of § tke amaller pack#re s buying nenrby deliveries of lord, we < GIBERT & CLAY 1 *■ ALABAMA *T. STOCKS. BONOS. COTTON. GRAIN. CO Free. PROVISIONS MEMBKRSl ATLANTA. OA. Sjj J-J* • toclt EiCaab^.IXm, OrlMU Cm ton Firhino.lCSI-M® BmrtmTrii'l,. a 885 Missis; B K& E .rr^.':lffi:s^ c ^ A KS: u .K *-°*Bl uhI L,ng Dlttanc, T.l.phon, £224. Vf. R. FAOAN, SPOT COFFEE MARKET. r l’rirnt. IammI Wlr*. _ K»w York, July Cottwi So. T Bio 1%. COTTON SEED OIL MARKET. h- pmctlrAl t'loAlu, of th» July . _ nml nf Ihn Aliwni-, of llqnM.tlon In till, iinmtli. It I, r,tlmatnt thm July ilntlmrlv K»rnnin nhmit 12.mo iinrr.1,. It Ml rrimrtMl tbnt nmit uf thin nil (Till *n for i-simrt, lint lirlrntn houm r«lmrtPl thnt vouAlil.mlile will gn Inin .for.. Thu umrk.t nt thn i'Iihm* wt, iinlnt with nrlcm %e lowrr to He higher.—Wore S^IaUnI July Auruit .... K..pteinher _ ■eptu——. —. . , . .. — nnd ini) December at 32. t'loaed ateady. THE DRY GOOD8 MARKET. New York. July €.- In Imth wide and narrow „ more movement sml first hand* expert .. brisk period of Imylag for future wants during the next €0 days. RANGE OF NEW YORK STOCK MARKET Amalgamated Copper Atlantic Coast Line American Sugar Iteflulug.. do preferred. American Hmeltlng Defining do preferred Atchison do preferred American Cotton OU.... Baltimore and Ohio Brooklyn Rapid Transit... tdlau Pacific h lea go and is 'heaapeake and Ohio Colorado 5*uel and Iron Central Leather do preferred Chicago and Great Western Chicago, Milwaukee aud lit. Paul..,.., - Delaware and Hudson Distiller's Uecurltles Brie do preferred General Electric.. Illinois Central American Ice Securities Louisville and Nashville Mexican Central Missouri Pacific.. ‘Tew York, Ontari atioual Lead....... Jortbern pacific., New York Centra! Norfolk and Western..,., Pennsylvania People's Gas Pressed 8teel Car do. preferred clflc Mall «4Jng puwTe Steel Hock island Ohi&lfc&hh;;:::::::::::::::::::;::::::;:::: do preferred Southern Pacific., .Southern Hallway do. preferred. Hloss-Hheglnld Tennessee Coal and Iron Tests and Pacific colon Pacific '* - ‘ HtiibMi Ktecl preferred... Is-Carollim Cnemicai.. preferred jn Union de. nreferired Wisconsin Central RANGE OF THE COTTON MARKET AT NEW YORK. Tb» following U tb. rang, la cotton futuru In Now Xork today: . ... t ./ *a«( rr«rlon« Open. High. Imw, Kali>. Clow, do*, July .lll.n 10. .Tt 10.20 10.24 10.23 24 1(1.21-23 Aug. .10.31 10.30 10.31 10.34 10.33-84 10.3^33 Kept .10.35 10.33 1 0.34 104133 10.32-35 10.12-33 Oct. .10.31 10.33 10.31 10.33 lll.S-34 10.J0-31 10.34-35 10.31-33 “ ‘ io.: i; 37 lec.' '.io.33 ib'io 10.34 ran. Feb. _ „ Mch. .10.48 1(1.62 10.47 10.4S 10.4^48 10.46-47 Closed quiet and steady. AT NEW ORLEAN8. Ths following Is tbe range In sotton futures in New Orlosus today: “ylrni July Last Previous .lFlf" lilft 1- ifira lntdi lV.'iTft .10.03 lo.c* 10.03 10.63 10.0203 10.01-02 Hnpt .10.42 10.43 10.43 io.43 10.40-42 10.3S-40 Oct. .10.23 10.23 10.25 10,23 10.20-27 10.24-2B Nor 20.27-29 10.20 20 lice. .10.23 10.32 10.20 10.30 10.23-30 10.27-20 Jnn. .10.35 10.35 10.3S 10.3B 10.35-30 m.33-34 TIPS FLASHED Prom Wall StrooL rrlrota Wlra to flllwt-t & day. Strr York. July 0.—Iiaulcl od.ll 4k Ca.: ‘I'urchaaua uu a further reaction will, w, icllorc, give at lau.t rrawaabhi turn, to dally trader.. Tho Indlrldaol pooltlon. Iiaro to bo followed rery carefully. Iirlrc. nt rnlawahla laeuca nre to be npcctod. mt ihcrn la a tendency toward Irregular ItiiproTcptcut In cartnlu nlock, along ape- clally Unco. Tho raid on tho Vandcrllp •peoch Thuradny aftcrunou wna not really canoed by tho addrcaa, which waa moro of an cacnm for a natural rMnalou after a 3 to I point tucomry than a came. larolnga (treat Northern ayatom: Month _ Juno 34.173.032; lucrcoan |32l.oa. k’lacal year 152^53,(31; IncrOMo 13,126,360. There la arldnitly a largo abort Intercut In thn atock itutrfc.t. On nmry little break nnoloaa huy.ro appear and th.r. la elau aotna good buylug going on. Think thpuldnare a rally at l.uat. -.hall, Rpad.r k Co.: “We are la- dined to look for atmllacH In Iba ken oral market, borane. wa Iwll.m lb* farm, working fur conOdeac. are much greater than auggntlona of remote trouble at a time when general pence and praeperlty prevail, throughout tbo world, eierpt In itu.ila. b.tu and Northern One million Are hundred tbouaind dollar. ..•ported tender red from kan Franc to Hew York. The lone of the market ha. Inprored. nd while anmo dl*|Ulollng neve from abroad ha. appeared In tbe morning n.we column,, wn believe the market I. being quietly supported by a good clue nf buying. ..Irate Wire to Were k r.eland. New York. July 3.—lAndon dud at 46 to % olt on American,. Ueneral market rather heavy. Although railroad earnluga ae well aa Induatrlala enntlnue to rekeet Inewtaea. with pruapeete for ««ler mene, condition* and a fnrornble 1«nk atatameat there la rery little aceeeolon ><t buying power that can In celled g™>d. Hnntlng out rnlner«l.le •lock, by bet re, who Mil them with free dom while not heettatlng In attacking Penn- ilo. Itenrilug. Ht. Paul ami other j when bid np rather dampen* bulil.b enthuilaam nnd .trength derelop. only orerpold condition, nppevr. Irregular- likely to prevail, but from the per* cut outlook lower prteee nre favored that mean, a haar campaign will not meet with much rebalance, (lu abarp deelfnea, how- ever, would favor taking on the good onea and atrong .import may be eipeeted In iteele and eoppera. Htoeka hare lieen well taken past few jlnye. Ilo not belb-re, however, will hare any luatalned Improrement In prieea, ns a * I- naernw a lul WNMlil Re* 11 awry of yeaterday'a atoek market by Joura k Co.: American etocka In a dull 56 to 96 below pertly. General London market rather henry. United Htntco Buhbee declare* regular dividend* on drat and aeeond preferred. Grow earnluga of all railroad# for paat yeur jnereaied (TBo.UOO.OOO. Clover Leaf enrnloga for fiscal year ei peeted to ,how equal to 3.83 per cent ou preferred. Auguit at 1896c. Mor, demand for atocka la loan crowd. Rtitcen road, for the fourth weak Juii, ahow an arerag. groa* lucreaao of 14.33 per cent. Colorado and Bouthern earnlnaa for tb* fourth week In June Increase 32L03I. Twin City Rapid Tnin.lt common preferred right, oaplre today. Twelve Indnalriala declined .03 per cant. NOTES ON GRAIN Polntara on Proriflloofi. Frlvnto Wire to Gll>crt A Clay. i’liltSKo, July 4-WliMt o|i«iuhI a I ••nslrr uiuicr turthfr prossun* of rash wheat hrUflng sales for Inrgor honors, t.'ouiitrv sccsfituncos won* again Inrgr. Duluth whrnt stocks dccronxcil lUO.OUO* Homo cou dlt Ions very bearish. Corn opened sternly to shade flrmtr with wires: "Oats and bnrtrv looking fine. Wheat fair. Weather ravornuls." Frlvata Wlra to War* A Inland. Chicago Intur-Ocenii: A'uirbases of „ winter wheat Thursday to arrive lu 16 to €0 (lay* exceeded 760,(AW husliels by Chi cago elevator |>eonle. The whom was (Knight ou bide scat out TucaUny, covering the staiea of Indiana, llllnola. Mlaaouri and Kansas. Elevator men were slow to give out the liiisltic**, knowing that It might depress rnln« hearing sales for harvestlui the chief motive for tbe selling. Fart of the wheat wna bought on tbo basis of Vfcc over Heptenilier for No. 2 red to arrive, with ionic at over. For No. 2 hard 1. |,*„ r P p„t he business reaterdny was thn largest la several years. King, of Toledo, wired the Mlsourl crop report late Inst night “* '* ri wtaest mr acre ** last year Jfl.000. Inst night. "Average ilold of acre i« bushels: crop 3l.ouo.ooo; 000.000. Condition June 77; crop last year 245.000,ood. Outs condition 53: June 48; crop lost year 20,000,000." Black rust has been discovered on the barberry bnihes at Wllllsten. which la In northwest North Dakota. 'Experts any that black rust spores rfen be found on these bushes every year, and they will develop with unfavorable weather. Mr. Case, of the Wliallon Case Company, wired from MlnneaiMus: "We sent u rust expert out slmut ii week ago. lie had lots of exnerlenre two years ago. He re turned today and says there Ts rust, than n at all." "The present position of wheat prices at tbo time when tho new crop Is alNiiit to »o marketed Is inuterlnily below thnt of nst year." says C. It. Mlirry, In The Cin cinnati Price Current, "nnd It tuny be ex pected that farmers will lie Inclined to offer sparingly for this reason. The re- imrts this week reflect a holding sentiment lu some localities. A farm price l>elow nou per bushel may hardly prove acceptable." Shipping business In wheat yesterday was i.OOl) bushels No. 2 hard at 2c under Hep- •inher In atorr. fisles of corn were lOO.OoJ bushels and oats 100,000 bushels. •At the sealmmil exporters sold 81,000 bush- s mostly Manitoba, largely fuv exinirt, eluding 24,000 bushels at Baltimore, eiosed te Tuesday. Charters wart mud* for 0.000 biisliois corn nt IKa to Buffalo. Deliveries on July trades yesterday were 60,000 wheat. 140,000 corn ami 260 barrels pork aud 260 tierces lard. EXPORTS OF WHEAT AND CORN. TONE IN WHEAT CONTINUES EASY WEATHER IS FINE IN THE WHEAT BELT. ' Receipts Liberal in Northwest. Cables Reported a Steady Tone. By Private Incased Wire. Chicago. July €.—The ohrotrd profession- ala In wheat refused to put out addition al short lines following a 6c break. They figure that with sales of thirty loada^ nr 240,000 bushels fo" export, a reaction a ad advance from Imttom prlcea la due. There were large sales of the new crop by the country, and It Is wheat that will move as rapidly aa It ran be loaded Into ran. Prlcea closed lower for the day. Coru woo tame ami showed losses of m. . Onts were off i%c. and provisions wera unsettled. July pork waa up 30c ( but all else M«0c lower. No. 2 red strong and 74©1<* over Heptein- t her. Clearances were 1,806,000 wheat and j •I,0M corn, compared with 1.060,000 and M2,- 000. respectively, a year ago. Primary receipts of wheat 471,000 and j corn 777.000, comfiared with 272,000 and / 733,000. respectively, a year ago. Clearances were 835,000 wheat- 178,008 »rti and 4,000 oats. CHICAGO GRAIN MARKET. lowa^tods ' **° * r<tlD n,urk#t ts fob , « m Pravloofi | High. low. Clots, doom WHEAT— fife: 88 S Dec. . . 81 II 80H jY®*? 6196 BI96 IB;-: 5$ V* OATH- l B B0J6 % MONEY AND EXCHANGE. Mtirllng airbanga 34-3296 INTERIOR MOVEMENT OF COTTON New Orh-onn. July *.—Interior movement old town,: lt«---«-lpt» 4.741, ag.lnat 22,17* lu■ I 7 "hi[»M-nt3 13,111, again,I 33.451 taat year. Htncfca 159.694. agtlnet 111.199 |9M year. Total mnvmaat for fbli-ly town,: Ba- raliiia 3,121, agnlu.t 42.319 la.t laar. Bhlpmanta 21.721. again.t 6AI4S la.t year. Stock. 173,233, again.t 134.W7 la.t y.ar. SOUTHERN EXCHANGE Oldaat Eatabll.h.d Oltlea South. COTTOi - STOCK—BONOS—GRAIN Ground Floor Oould Building. Dally markot letter nnd market manual mailed on application. Chicago. July 6.—Exports of wheat, In cluding flour, for the week, according to llnulNfreel. arc 1.8M5.343 bushels, against 1.903.000 last week and 1.060,000 last year. Kxnorts of corn H9L600 bushels, against 879.000 Inst week and 932,000 last year. MODERN MILLERS CROP REPORT. Chicago, July 6.—Modern Miller says: Reports from millers located In the prin cipal wheat-raising sections show the fol lowing conditions: Except In Texas, most lllers report the wheat yield up I a or _.>ovo expectations. The quality is good, generally lietter than last year, and many say best In years. A large movement Is looked for with favorable weather. Farm- era will regulata sales by thn price at markets. Mach of a decline In price will shut off farmers’ deliveries. In Texas, the yield is lielnw expectations, sml tha quality of thn grain only fair, and farmers art selling from the thresher. In Nebraska and Michigan, the crop la smaller than laat year, though larger than waa expected for fcP P'8 8 8 8ept. . it.sfl Jan. . . 14.80 LARD- Jnly. . . 8.90 ** •• m ILo? i, T :8 14.80 14.90 8.82U 8.90 5S* iS»-j t:S?96 HP*. 9.mi 9.27V4 ; Cash Wheat: No. 2 red new 8014; No. 3 iMv.-rA's 's&ft ^o. S do 82fm; No. S ■prlng^rieO. CHICAGO CAR LOTf. Oet, . . .. HIDEH- Jnly. . £ Kept. , . 9 Iff* 9.10 m 3.00 3.10 3.31 3.1296 LIVERPOOL GRAIN MARKET. THE SUGAR MARKET. Prlvati- I^nMd Wire. S w York. July 3.—Thr r markot today w. onanfOd. Ilawa war* lit PPIBTho d-uno.tlo rrdnrd ■today waa Drm ami un- wa war* Brtni-r aail higher, of about THE LIVE STOCK MARKET. By t'rlvato Ia-aao<l 9Vlra. I'hhagn, July 3.—Hoga-naoalpt. today 13,000. Mark.I alow to io lower than yaa- Itorday: quullly fair: loft over 11.123; bulk 34.*0413.71: eatluiati-u ' ~ '■fiXtZn Cn I lie—Receipt a 1.500. Market atrooj D uality poor; iieeves $406.16; rowa $f.9u ff); heifers I2.60W6.26: calves ps prime steers 16.U08.l6; tutor to medtu |44r6.IO; stockera and feeders 82.*Xf4.48. Hheep—Receipts 10.000. Market atron, western 15447.15. Wheat opened % to M lower; 1:10 p. m-, hi lier’ er f ° ** hlghrr; cloieU ^ off to \ fforn opened unchanged to tt lower: 1:39 p. m., *4 lower to 4k higher; dosed un changed to H lower. PRIMARY MOVEMENT, / The following flgarae show the primary novement of wheat and corn: Wheat—Receipts today 471,000 bnshtK gainst 772.oon laat ^ear. Hhlpments, •>, -CO H.f^ear. 777,000 huahel*. — year. Bhlpmenta 401.00),, last year. NORTHWEST CAR8. ">rn- galnat gainst Bgnrat give tha nnrthwast Chicago 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. L. J. ANDERSON & CO Bankers and Brokers, COTTON. CTOCKS, GRAIN Correspondent's Capital $250,000 SCrKRENCr THE MEAL BANK PHONE «4IT. PSUDCNTIAL BLOO Frank Hawkins, President. M. Atkinson. ▼. P. * * McCord, CarMer. R. W. Dye Third National Bank Capital Surplus 7>r. A. W. r.lhmin. sSf« II. Y. McCord. . . $200,000.00. , . $300,000.00. DIRECTORS: j. ^NtjaMlIy^ Eavtd R jS3vari Prank Tlawklnt- If. M. Atkln.otL Joseph A. McCord. New r#f». Orlnii. COTTON^G^tl^, ^R^VISIONSSTOi^K^BONDS, U. 2 Will SI.. Him Biilll*, Slhnft, 6s. MMUMSt rw. c.h.3^ law 0 rfra ss Cefiaa (Ml Ch«»j9 Sljek litkif. *tw f*rk Ctlf't luktntt. m. •. C. COtHKAH. Maatatr. Slmnrdrh&i PIEDMONT BROKERAGE CO., (Ineorporatod.) Basament Floor Piedmont Hotsl, STOCKS. BONDS. GRAIN, PROVISION*. INVESTMENT*, Fast Wirs 8ervioo from Ntw York, Ntw Orisons, Chisago- CORRESPONDENTS M. *1. SAGE A CO . AM BROADWAY. NEW YORK, fov. HOT!I Mngrr IfiiiWlMf P/riiMa M H—t llfl. WM. I,. PEEL, Prealdeat. ROBT. r. MADDOX, Vlce-Praa. MADD0X-RUCKER BANKING CO. CAPITAI $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNT* INVITEO Wc invite accounts of individuals, corporation#, banks and bankers and offer the beet terms coiwistcut with conservative banking. In our Raving, Department w* allow Intereat at (ha Rata of 11-2 t -r cent. Compounded Semi-Annually.