The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 09, 1906, Image 11
THE ATLANTA GEORGIAN.
MONDAY. Jrr.T », I*
11
f;
I ? edited by
JOSEPH B. LIVELY
|
«i«i¥ ULii
IMDEjm LIGHT
ONLY BAD WEATHER CAN
HELP THE BULLS.
I, claimed the South Is on
Short Side of the
Market.
A— ; , . ’ V - ! y ■ ■■■ . • , > - - .'^IT
C THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ~)g
Lively** 23 yrnrv’ experlonef
lltlng market* In Atlanta aik]
South hn* made him a rec
poized authority to hi* specialty.
NEWS AND GOSSIP
0( the Fleecy Staple.
Private Wire to Ware A Lelend.
Now York, July V.-Th* Itrenred ware-
52" > ork ha.i decrenrod T46 Ulra. The
cerildcetrd dock decrraeed 731 bales.
Journal
Commerce aayn:
,, __.ra la ao “
there la a fear that
e may hr a chance I
abort Interest Is t
!»<•? might here «mefderabi«'ef-
rt. At the moment It la atlll rery largely
profeaalonal .market. The weather wifi
n „, u not enoufh bualneaa brim: trana-
artel la the cotton, exchange! to make »
callluc for comment.
It la rlalme.1 the South la abort ond will
J, mrer. The bulla are wotting for bad
Kalkw. Whhh they claim will rim them
me meantime, adrlcen a* to tbe crop
wmiher coatlnuet eicelleot. ami If the
Ctb U abort, It la apparently aatlafled on
£? ibrory that It will take a considerable
Mil oTTad weather to force them from
TK«5SII”waa about aa expected at the
awJlcr thla tnoralnC. ibnwlng o decline
31 aetata on fntiirea and of 1 polntn on
Set-tale* 4.000 bales. .
Tht' lespoaae to ljyerpool'a decline. the
Kre York market aboard bare opened on-
•Lnied. whereaa. Inlttel prices were 1Q3
Sint, lower with bualneaa Tory dull.
’ll n reported that from 1,000 to 13,000
W I M ’| cotton hero lieen taken out of the
York ttock for shipment to New ft.
Liu for delivery on July. One thouannd
Em ef thla lot are being ehlpped on
korun line atenmer leaving today, with
J.„ 10 follow, la taking tbo edga off July
SSeSas
"rie Sn«’ U haie of new cotton uold. In
gre Orlaata today nt 10c.
tha monthly movement of cottpn for
lire ibowa a decreero under the name
C ik hut year of nn Increaao for
I [ mrr year before laat of 116,33o, and
Rrreaee for June under the Mine time
TMal *crop into sight for ten months
isdlnc June 30, 1908, 10,853,949: In
ffin; In 1904, 9.828,908: In 1904, 10,424,804.
It Private leased Wire,
few York. July 9.-Price# at the opening
«f the tors I cotton market today delayed
i Asposltlon to sag, quotations .being 1 to
I Minta lower with bualneaa dull. The in-
fsracea were quletneaa In the market at
Liverpool and favorable weather In the
loath. Two of the leading brokers were
Njm of new
shirts put out I
SPOT con ON MARKET.
Liverpool. e»iy. 4.1M. _
Aayw/j*. sipsdy, 11 1-JI&
8t. Idsalt, quiet, lOJte.
IsviDiiab, quiet, lOftc.
LIVERPOOL COTTON MARKET.
Uvwaonl, July ,. 13:1k p. m.-Cottnn. «rM,
4«oiiri limited, with price***»ler; mld-
dllug nplinda. 4.11; eaten 4,000- American
l"; .peculation and expnrt 100; receipt.
American 2,700.
Fit«res opened easy.
~ ojnf
lily.
August-font. .
lept.-Or toWr.
Oct-Sov
Xov.-Dec
Dec.-January.
January Kel».. .
Feb. Manh.. ..
March April. .
Closed easy.
Sf tt
, .S.7M.79 B.7S
..i.7i lm
iS
..6.68
..8,66
..5.69
rrarloua
close.
S.II
6.89
6.74
IS
ifi
S' f*
Bp* h
TODAY’S PORT RECEIPTS.
gwfe nday, compared
Sit Orleans
•talrestou .. ,
Mobile
Mvsnnah ...
Charleston ...
Wilmington
Serf oik
*S
1248
?S
2SS
a
1122
1944
INTERIOR MOVEMENT.
avmniiiB .,
N- liUlls
nodnnatl ,
•POT COTTON MARKET.
July (.-Colton ateady; mid-
S Ul lfc; net receipt! 143; groaa K3;
5> U I .lock 22.836; export, coaatwlsu
n?!I r, " lk .’ J'l'T.»—Cotton ateady; middling
Itik ?fL'"vlpta OS; groan BE: ante* a*
S® /»rMj.* , 7Sy;^.dd.lag
SSTix^i OriVM
nominal; mid-
v* "Vi »»t reaclpta nows; gross SO.
«U. m 1 "* 0 *- A-Cuttoa quiet; mid-
an! JAV'. “*t -
middling
S&TCdasrsu%.
gs aw
atock 25,*10.
J«wph July ,._frtton qulat:
wfi-isf iraaftisr™ 1 ■
k-Cottoo qulat: mlddUog
ftC Shipment.
ti'iurutl. Jniy Cotton, act receipt,
ft.' ,ro " *0; ahlpiacnta fo; atock (.a
SW 1 ® rot ' 4 Co.’a Cotton Latter.
• « York, July »._Th« market tuin
Inr.K ,pt,0 . n * ,, y <,u11 during the day,
be JS. * lower tendency, which la
"direct r„ uU o, tl) , tood crop ,d~
the reports ere remark,
tut .. n J h * r aatlafactorineaa,
lodTh^* * r * entering the critical pe.
ttre.iwn. T, i.*' a '* not wllHBff to eell ag.
utInn hence the temporary stag,
“‘wit. which cannot last Ibng.
have considerable Intlucnce on the course
of prices, la fact, tt la almoat entirely n
weather affair. The general opinion la that
the crop la doing very welt Indeed, but
the disposition among
that, Is to await furtl
Commercial aaya; "Spot t
very hopeful aa to the ontl .„
Japan bu.li,.., for the now season. Japan
be* not I wen nearly aa good a customer
thla year aa It waa last. So far thla season
Japan baa taken 13.112 bales of Amerfran
cotton, which la 1*1,000 leaa than It took
during tbs same period last season.’'
Mitchell offered E.00O December at 10.Mc.
New Orleans, July Futures are dull
aud narrow. Scalpers are rather Inclined
to buy on the unfavorable reports from
the eastern belt. Sentiment, however,
jnat aa bearish as ever for a long pull.
Spots are Inactive. Kayrrs are taking
nn Interest In the market and factors are
Indifferent.
The vrehther map ahovra mnch rain over
Is 35,009 bale*, against 49,130 at thla lima
last year. The amount ou shipboard la
ll.lN bales, against 13,143 last year.
Ban Antonio, Tex., wires; “Leading house
says have been offering spoil to tbo Kast
bailed October delivery and dnd no tak
ers.”
PrlvL._ .
_ New Orleans, Jnly
The western forecast Indicates partly
cloudy weather for all of thla district, with
showers tomorrow In Louisiana, Arkansas
and Eastern Texas.
Is I
again
, . while the same may I
_ the Atlantic aretes, where ft
needed.
New Orleans, July 0.—The Tlmes-Pcmo-
erst bits the Mlonrlng from Houston:
"During the week there has been n con
tinuation of the good growing weather
for the cotton. The crop Is making fast
In Southern Texas now, and It will not lie
many days before picking la Instituted by
snnm of the farmers down the coast. The
cloudiness baa prevented premature opti-
tng of bolls and baa reduced shedding to a
uunlmmn. As mattera now stand tbs crop
could hardly be Improved on.”
WARE 4 LELAND’8 DAILY
COTTON LETTER
New York. July 9.—Further rain. In tleor-
git and other Atlantic slate* were re
sponsible for tbs steadiness In the cotton
market that lasted during the greater part
of the »e,§lon. Early a decline of ( points
abroad led to selling and n decline to be
low 10.30c for December. Later on la tha
day. corering by those who sold on_tho
radical change In tbs position, and th -
fore no Increase In the volume of bus!-
naan. The majority of crop accoonta are
ao favorable that operators see little In
the outlook to Justify heavy trading, and
an long aa tha crop does ao well, the In-
vmalnder of the growing eeaeon. it lu
hta fear that prevents abort selling on
he part of the average speculator. Tha
Houth la ebart against the growing crop,
hut thla la lu tha nature of a permanent
Interest. Until noma bad nawe cornea from
the Houth the market la likely to continue
very narrow.
GIBERT 4 CLAY'S DAILY
COTTON LETTER
New Orleans, July 9-OpUoas nn lha
clone of the foreign market were decidedly
•say on continued favorable crop news,
netting a loan of 4 points, whlla spot sales
were 1,000 bales at 1 points dacllne. The
rlrcnlatlon of a few. notices had a de
pressing effect upon July, which wan fur-
that Increased by a report from New York
to tbo effect that amne cotton had been
shipped from that point here, destined for
BiTtS* oncontrarfa. and that more would
shortly follow. ™a vrenknaaa In July
affected the ether portions as well, which
hart hitherto held up surprisingly wall In
the face of bearish Weather imndlttona,
haring been more or leas dominated by
the Influence of uncertainty al io the
Dual outcome of tho currant month. The
weather continues In the main very favora
ble, and cron pruap o* at_the preaent
lima are excellent. It ,-J. The expi+eaed
fear that the ceatlnu rains In the Atlan
tic ire detriments' > dnvelapmeat of.the
crop la not boron ut by Ilka conditions
^tha paot. ee* sally In the^ bum|>er
> year, when
. “ittff*can? >' an"'aamiattkabia' hn
*ssrsi£*.
• O.-The market was a
.VIJ MV&S&
sssss 1 'tZ 'sss.nnst ‘s ■ss-v.
ifed'VaSWnWV.; BiSriit
anlf Ut#* cS»Ie« rtpoetwl Americans as hav-
■I • cloomjr tons, nnd our
sotn* comm orw thsrs
RANGE OF NEW YORK STOCK MARKET
FAIRLY ACTIVE
TONE WAS IRREGULAR AT
SLIGHT DECLINES.
;Open]nixh Low. Close
Traders Turned to Bear Side Ear
ly, Forced Some Sharp
Declines.
By Private Leased Wire.
New York, July. 0.—On tha atock
exchange operations were under those
of Saturday under depressing Influ
ences of the large loss In surplus bank
reserves. While, nn explained, the un
expectedly heavy cash shrinkage won
probably of n temporary nature, due
to the withdrawal of trust company
funds over the period when they must
make report to tho atate treasurer. It
wan looked upon as sufficient reason
for discontinuing operations fgr the
rise. There waa enough protH taking
b\ the trading element, which bud fol
lowed last week's rise, to cause a gen-
■ il I'ccrsabui in prices this morning.
Ibis selling WHS supplemented by
pressure from bearish quarters. But,
on the other hand, liquidation from tho
more Important sources of a week and
fortnight ag i w.'ls entirely absent. An
other noteworthy feature was that the
volume of business Increased as prices
racadad and the whole action of the
market suggested that had It bftn left
to Itself It would have remained about
stationary. •
The stock market opened fairly
active and Irregular, with n slight de
cline. Illlnola Central waa the gtrong-
eat feature, openlnar up 1 t-S to 177.
Reading showed considerable flrmness.
Gains of 1-1 were made In St. Paul,
Erie and Pennsylvania, whlla tha Steal
Issues ware up 1-4. Northern Paclflo
waa down 1-4.
After a steady to Arm opening, that
waa followed by moderate advances In
a number of stocks, the market be
came heavy under pressure from soma
unknown source, and during the rest of
the first hour the tone waa heavy and
the price movement generally down
ward. In the first few minutes there
were gains ranging from 1-4 to 11-4
pblnta. Arbitrage brokers say that
London opened very strong, but sold
off later, and about 10,000 aharea were
•old here In the first hour for London
account. There was llttla outside busi
ness, and the room tradere, after first
trying to advance prices, turned to tha
bear side and have alnca been sailers.
Governments unchanged. Other bonds
steady.
S »«a.T5.ANire i e..Lv LtTTiii
Chicago, Jnly 0.-YVHEAT-A little
strength appeared csrly. with trade rather
light, bet cash hops** were .heavy sellers
of September sgatnst very large country
sceptsnces. l*lt traders were good buyers,
allowing of upturns, although they were
only transitory, despite s larger decrees* lu
the risible tbsn expected, end early buyers
turned sellers. Tho lunrket turned very
heavy, sod wss sold down to now low
levels, do* to tbs weight of selling sgsluvt
Mr— — although nay
Southwest.
law
country acceptance* uoi
were extremely smell In
The closing was soft, end .while It I* pos-
•lids thst lovjer jirii
now where they should b* bought for In
vestment on a scale-down.
CORN—There was a rush to buy tbs fu
tures st tbs start, dn# to the disappoint
ingly light receipts, strength abroad end
reports of an unfavorable character from
many sections. Buying was of a good char
acter, eh oris covering, and * bullish feature
was the unexpected decrease lu the vlxj-
ble. The break In wheat was responsi
ble for the reaction, bat the closing was
Arm. The understone it rery atrong, and
w* think best reealU can be gained
through haying on *11 bresks.
OATB-Ther* was a general commission
hons* bnylng csrly. local operators also
taking on tbs fnturea dus to reports of
damage In Illinois, ns well *» tbs belief
la a bullish bureau rejmrt tomorenr. Full
sdrsnees were not sustained, but the dos
ing wss Arm. however, with th* market In
PKoWfoNS-Verr little Interest wss
manifested; In fact,, trade ws* light and
operations of s scalping character.
COTTON SEED OIL MARKET.
?St«e*t*dlspl*yS? , by buyers* both
Lnes'^cTtl'U* f
The Improved demand for cash and the con
tinued strength In lard hslped to establish *
Armor undertone. Beportseonflrm Ur* -
uropesn stocks, and • good foreign ;
isnd Is.expected Is deveUp soon. Tri
Aogus't' 51
Amalgamated Ctinptr
Auialk pout Um
American Sugar llcflnlug
Aliiniiii'l.'i
AiiH'rhnti IsOi-f'iliotlTC
do preferred
Amerlnm Sm.-lMug Keflnlng...
do preferred
American Cotton Oil
MnltInitirt* ntitl (Mil"
Itrookljn Hnpld Transit......
< *tt luiitln u 1’aeltle
Chicago and Northwestern...........
Chesapeake nud Ohio
Colorado Fuel sml Iron
Central Leather
do preferred
Chicago ond Great Western
Chicago, Milwaukee and 8t. Paul.,
helawure and liudsou
Distiller's Kecurltlea
Lrle
do preferred
fJeiioral Electric
Illinois Central
Amerlcnu Ice 8aciiritiea...,,s <
yiin!»<iiiri
N'‘«‘ York. Ontario and Western I,
National Lead.
Northern I’aelflc
New York Central
Norfolk and Western
I’euusylranlii
1’eople's (ins
Pressed Hteel Car
Ptcltlc i/n/f
Iteadlng
ItepuWjc 8teel
ltoek ] sin lid
. do. preferred
United States Itubber
do preferred.,
boat hern Pacific
Southern Hallway..
SIorh Sheffield
Tennessee Coal and Iron ,,,,
Texas and Pacific
Vnlon PaeJflc.......
United Ktates Steal.
do. preferred
Virginia Carolina Chemical,....
do. preferred
Wnltnsh
do. preferred
Wisconsin Central
do. preferred
Total sale of stocks today, 664,900 ■bares.
196 196 IB 116
iW" irivi
81
Ul
1$
'8W
,51!:
k
RANGE OF THE COTTON MARKET
AT NKW YORK,
The following Is the range In cotton
(stores In New York todar:
Last Prerlona
Open. High. Low. Halo Close. Clots.
July ..10.17 to. 18 10.16 10.17 10.1719 10.19-30
Aug ..10.28 10.28 ia^ 10.28 10.2847 10.SS
)ct. ..To.36 iaio io!j« iajS lo!»-S lo.fe' jj
»OT, 10.2840 10.B44
Dec. ..10.89 10.S3 10.96 10.92 10.9343 10.S4.
J “" lo S lo 2 — M
Closed steady.
TIPS FLASHED
From Wall Street
“fid ell
•gfcai
_ orer
technl
regular iraprurement mis wees, witn
quent recessions, seem to be the loj
outlook this morning. Dsrslopmestf
Sunday being indicative of a good tec
cal posit*— *- * L - m —***- -
turldng
“ ernmi .. r „.
discounted by »bor
of a lar
nervous by 1 r m
played OO ’Saturday, following the raid aft
er the unfavorable bonk statement, which
has evidently been m mipuj ii. d foe the
monetary situation, shows distinct Blgila of
Improvement”
Southern Pacific la tipped for 70 thla
..ivorahle to the market. The
strength In Ixindon of rertnln Issues la
particularly gratifying at this juncture.
Totlny’s market should show strength in
most directions, pending tomorrow's grain
crop reports from the government.
AT NEW ORLEAN8.
Tha following Is tbs rang* In cotton
futnre* In New Orleena today:
. - Lest Prevlon*
ts ® aff ® Sb $S& it
oc?. '.'.to.a ib!» io.io io'.sa lo.su* lafo"’*
B liS as tt sis »i“
Jan. ..10.13 10.33 14.09 10.00 iait-03 10.35
Fab 10.3547 10.33-w
Mrh ..10.44 10.44 10.41 10.41 10.0-14 10.47-44
Apr. .. MOV
Closed ateady.
SPIRITS TURPENTINE
BARELY HELD ITS OWN
rearbad In 3ba near future. Tin- rocetpta
for tb* week were conalderahly In-hind those
of th. same week laat year, duw In largo
meaner* to tha recent heavy rains nnd tlio
rondlttons In tbs woods. Tho stork on
hsnd Is considerably less than half '
for the same Urns laat year.
ttoalaa held the gains of th* previous
week In good measure, closing with rren
an advance of 10 cent* on watar white and
6 rente on window glass. The medium
K Hrtsa were also the subJs^mSBHBlISBl
ituatlnns, the tendvm-y
Due week nslag to rasa I M SB
compared with laat ya*r, all grades show s
gain of OV*. Th» smallest gain was 04
centa and th* Urgent 7S eenta. Tha outlook
ifor the preaent w*«k would arem to lio for
at ttur 1
x grades sh
Bother look for an Irregular market, but
inclining toward atrengtb, aa tb* afreet ex
pect* a hutllah government report o. grain
tomorrow, and there are poaolbllltlta of
short, being rooted In atock* that are
heavily overeold.
Vacation period la approaching when
many opera tore wilt be awe* and
market consequently Is apt to be leu
gllttd,
Thluk well of Baltimore and Ohio. Nor
folk and YVeatarn, Missouri Tactile and
Erie on break*, and Ife likely Copper will
adrance, aa chance# favor * rlao In the
dividend rat* .to * per reat; also look for
good buying in LocoooUr* and BmtJtera
on breaka.
Dow-Jone* nummary: At
giss tomorrow.
On* failure on atock exchange In Ism-
“crop^endltlooe end outlook for fall trad#
j3E&&* vs*-'#**
*Tirgm «to«r»aaa In curt In bunk ututemant
attributed to trust comptulsu Increasing
tbvlr —
Nut
err a so In
ir ,r
Urgent
Indoatrlali advanced .10 per e*
active railroad, advanced .21 |
kssSk .^Tr^^kenVi iXsp
In aom* drgrro by London soiling. Tka
SLjSi > M < ni. wbjStT but flrrrstsrv
ShSKT. clroulsr on the scafctty of bank
■ores of small drootnlostlon waa not reas-
2?r!2a ha SJ nwoe'err alttratloo. Innamneh
iS ri TL binttSwId hardly retterethe
sttustlon without adding to an nlraado
*Ti
fortabl. amt we think more «r«gth wUI
develop In the market later on.
GIBERT & CLAY
• *■ ALABAMA t
STOCKS. BONO*.
COTTON. OBAMA
corrcc. psovi .ion*
ATLANTA. OA.
ut fiafjm* Er-SsugelNsw Orleans Cet' -n lit i-'M'IJTlJSSvLr^tMn’AT-oHstle.
KJS5SS2 ^ «!?!.
"off"
Orleans Board
**«•! and Long Distance TsItphonVsh£h ilct **^; R . FAGAN, Mansaor.
TALENT HALF AWAKE
WHEN WEEK PETERED OUT
New Orleans. July ».—Tlmd.-D.mo-
erst; "Bplrltlea* and dull, Bsturdsy's
cotton mark.t Involved not • .Ingle
elgnlflcant detail, and th. week peter
ed out with th* talent only half awak..
The more reliable field report, seem
to Indict, encouraging crop prograst,
and thU. In connection with a 'very
logical letdown before long among th.
mllU, will glv. th. bear, something
fresh to t.lk about. Meanwhile, how
ever, bullish •KMCtatlOM In th. mat
ter of rapid exhaustion of Cw cotton politician Tour brother-ln-l.w, big
supplies are Being fully real/geit spin- U|k cMl.h.n, hu applied for a pollt-
nrre’ taking, forth. 4Bktarh|j« Si fob you £5.ly recomm.m
nearly 300,two bales, a quantity w.U In
excess of let year’s record. The mill
repair «“™ l» approaching, end at
th. name time some of the mills should
have begun to reach th. end ut a num
ber of contract^ all of which Is In th.
natural coura. or .vents, otherwise
consumption would press production
entirely too cloM. In the Immediate
future Interest hangs, on prosiwctlv.
liquidation by th. N.w Orleans long.
■nd the location, If possible, of the July
short Interest. The wise men now flg-
ura It out. In lieu of a better hypothe
sis, that the short end la bald by men
not clocly identified with the Southern
market. This conclusion follow. Ina
bility to locat. It, and th. fact that
within the pet few years cotton mar
ket ramifications have spread through
uneasily traceable channel, of trade.’’—
Ware A Leland.
realty bee. eip.rtBc.Mag
which color gather* the least snomat of
microbes. They develop more rapidly lu
red than In black, vlolrt or Mum
leal Job. -Con you safely recommend
h 'coatlg»n—Well, Ol couldn’t safely do
anything cla*.—Judge.
• decline la th* higher grades, which are
apparently abaormally high.
NEW YORK COFFEE MARKET.
Following la riven tb« opening and closing
qaotstloas of lbs New York coffoa market
today:.
Opaslo
April
j**ne - .’..
Bvpt^mtMe.'. ’ .*.'tS*5 1
October L40AM .
DroiSbJf.'.' ""ifodS 41
Closed ateady. ______
A n*w pro^vis for purlflratlon of aagar-
boot lolco, l»jr moans of brdrosulphurlc
arid. Is announc'd l»jr Consol Lodouz. of
I'rainie. Tbo Bobrinlsn inventors bav<
obtalnod patoata la Austria and Germany.
8.80-6.16
..... ....9.90-7.00 9M4M
... .. . ,8.96-7/6 8 96-7.00
7.00-7.10 7.00-7.4
SOUTHERN EXCHANGE
Oldest Eat.bllahed Office South.
C0TT0» STOCKS BONOS GRAIN
Ground Floor Oould Building. Dally
market latter and market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Comspondent's Capital $250,000
ncrutCNce. the ncal bank
PHONE f4«7. PRUDENTIAL BLOG
COTTON^GRAm.^ROVIsfeNS.HroS^BONDS,
fa 2 Witt SI . Pltrrt B.IHIst. tllsils. da
WtniUS: ' _
Bits fork tsttss lKtssjv. 8£Ei'Js’i'i
U,, 7"'.U 51 «ei Vil. Ofifs.i, C3Jt.ro »■ C corn«ra. giM«.f.
Belt rUti 130. } r>Mt - —
NOTES ON-GRAIN
Pointers on Provisions.
Private Wire to Ware A Lrland.
i’blonfo, Jtily 9.—The government re
due at 2 oYltx'k Tuuadajr le expectec .
■how little ebaufe In the rondltlnn of nln-
ter wheat from last month. A bus of
about 1 to 2 polnta from 93
peoted In spring wheat and i
polnta from 98 on oats.
prea-
£ §ut, and tbli may cause emiie ' further
■cllite today, but wbet la not high at
S reaent price, and abould be bought on tbo
reak* now.
Th* depreaatng factor In wheat at p
eat la th# weight of th* new crop tn
want, and thla may rauao aom* fun
lYorld’a ahtpmentai Tout wheat, 4.930.-
M9. agaln.t 9.M4.000 laat week nnd 10.4W,M)
laat year.
Total corn. 1,102000. agalnat 2.WL4M laat
weak and 4,3»,WO laat year.
.Wrenn and Bartlett. Frailer * Co. wild
th. wheat at th* opening and crowd l.night
It. Talking Me under Liverpool now, ‘
no *tgna of demand.
Few locale buying o*ta ’on report, of
damage through Illlnola
Oate higher on general conimlaalon bonne
buying. Market now ateady and Arm.
rledman ban been fair buyer of May.
Prorlatona hlgber on light offering. Horn*
vmmlaalim hnuae bui Ins of lard aud r” ~
Trad* light and no r**Tur*.
Private Wire to filbert"* Clay.
Chicago, July 0.—Tb* only encouraging
feature In whrat thla mnrnlng la the ateady
lone of cabin. Weather over Sunday baa
been Ideal tor barvrellng and for tha
growth of the crop. The eaah wheat of.
rerltig. are likely to l« liberal, ao them
la not mneh rhanen of a atrong mnrkat.
tf It ahnuld b* Arm, we ballav* It will lie
good place to roll.
Corn bulla will hare hard time hold
up price* In face of brilliant wentbM i
alack demand.
Favor buying oata on all dip*.
With lb* continued preaaur* of ea*h
wheat on market do not roe bow prlrea
can bold except aa w* have trouble Sorth-
weat, which appear, remote at preaent.
Indlanapolta wire*: “Grain dealer* bav*
had very large wheat acceptance thla
mneh needed
is*, aans;
vorabls.”
Corn Lro —
bsttsr csblvs. Trado llfbt
Provisions firm on llatit olferlnes and
knI dcrnsui] from pit trsdsrs. iMwnnls
took January stuff. Bolling 8rater<*d nml
mostly by commlMloo bouact. Market looks
THE 8UQAR MARKET.
r Private T*rssd Wlro.
Now York, July Lornl refined and raw
PRICES SOON TOOK A DOWN-
WARD TURN
Due to Heavy Selling by Caib
Houseg Against Country
Purchases. -i
Chicago, July 6.—Strength In conrsa
grain and covering by local ahorta on
thu theory that a raactlon «y in or
der resulted In wheat ruling «••i.ui\#*iy
firm during tha early part of the .sp.l
alon. The bearish features were favor
able weather throughout and heavy ac
ceptances on Saturday's bids. Aa lonir
aa pressure of cash wheat continue,
any parmanent recovery to our mind
Is out of the question. The only hope
we can aee for the bulla at tho moment
Is for some unforeseen calamity to be
fall the northwest crop, which at thla
writ In* la makln* favorable pro*resa.
Com—Was higher early, but has not
retained all of Its advance. Care here
were IS leaa than >expected, and the
estimates for tomorrow ore light. Con- !
aldsrable com bought by larger traders
early waa eold out on the bul«c There
la a strike on at the South Chicago
elevator*, which la expected to Inter* j
fere with shipping trade. The elevators 1
on the Chicago river have not been in-J
volved. Think corn a sale on any fur-!
ther advance. ,
CHICAGO GRAIN MARKET.
The Chicago grain market ranged si fob
Ions today;
Previous
Opeu. High. Low. Close. Close,
77)4
WHUAT-
July... m
Hrpt. ..
•*IN\ .. L <
■CORM-H
July.. . 63
Sf: k
■ OATS—
iii.v.
Hcpt.
Ihr. I
LAUD—
it i i
6141
•■« fc i
St
7M«
8S
M'X
July v 17.I7H 17.00
' “ 0.0744 7,ff*
9.078 6.WV4
-- Ml
Oct. . . 9.06
BIDBB-
6.K
9.60
ma mm am
7*Uc; No. 1 do 77'±#?8Hr;
r to; No. 3 do 74d
THE DRY GOOD8 MARKET.
X IT 11
tion of the innrknt
shsdlng B of prlros. Hummer coot
moved fnlrly well. an«t there Iihm been n
resumption of orders for those of heavier
weight for fall and winter use.
CASH WHRAT-
No. 2 red TJtffl"
No. 2 hard wrluti
76c; No. 1 sprlDg
CHICAGO CAR LOTS.
Today. Tomorrow.
Wheat ..... :« pm
Corn ..... 971 4ia
pats ... |4|
Hogs 39,000 lft.niNj
LIVErVoOL GRAIN MARKET.
Wheat opened lower; nt 1:10 p.m., un<
changed; dosed w higher.
Corn oponpd He hixlnir; 1:30 p.m„
higher; closed He to Ce higher.
THlT METAL MARKET.
New York. July 9 —In the m#tnl msrket
prli«*s nre n fthmle easier. Tin off He (of
•pet and nearby delivery.
Speltsv off a srniill fraction for spot.
Copper unchaoged.
Lead dull. .»
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.
Prank Hawkins, President. ___ _ . _ _ ..
U- M. Atkloeon. V. P. Thoms^jC. Erwin, Aeet.^ f ashler.
Joseph A. McCord, CaiTilsr.
Thonise 4\ Erwin, Aeet.
IL W. Ifrers, Aeet. Csaller.
Third National Bank
Capital
Surplus
J'.lui VL Grant.
U. Y. McCord.
. . . . $200,000.00.
. . . . $300,000.00.
DIRECTORS! J. ■{. Nuenetly.
Frank flswklos. J. Carroll Payee.
H. M. Atkinson. E. ft. Rosser.
Joseph A. McCord. I>svld Woodward.
aBBawaanluinnnnnfMwinnnnnnniwnnfttRww
CENTRAL BANKS TRUST CORPORATION,
CAPITAL $500,000.00
If you contemplate opening a new account, or changing your pr*Mnt
banking arrangement, and wleb to connoct yonreolf with a atrong, conero-v-
atlvo bank, fully equipped to .erve you a, your buelnees } intlflc, we
Invite you to coll and talk the matter orer with ui.
As. a. C.ndltr, Prssldsnt.
W. H. Pe't.reen, Vie.-PreeldenL A. P. Col.e, Ceihler.
John 6. Owen., Vlee-Preeldent. Wm. D. Ow.ni, Arot. Ce.hie
PIEDMONT BROKERAGE CO.,
(Incorporat.d.) ’ B*„m,nt F'*er Piedmont Hotel.
STOCK*. BOKO*. CRAIN. PROVISION*. INVUTMOfTS
F*,» Wire 8«rvle# from Now York, Now Orloen,. Chicago.
CONRUPONOCNT,
M. J. Race a co, aa hoadwav, ncw York.
low. HOTlt. »|II|». IwlMtlwt OllllwW flniMkl;
WM. L. PEEU rreildeot.
ItOBT. F. MADDOX. Vleo-Pres
THUS. J. PEEPLES. C.itil-r.
JA- O. I.IISTKB, Ann l Ouhl.r,
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITED
We invite account* of Individuals, corporations, bnnkn
and bankers nnd offer the best terms consistent with
conservative banking. •
In our Savings Department wo allow Interest at tha Rato of 3 1-9 par
cant. Compounded Semi-Annually.