Newspaper Page Text
Josephs'!uvelyI THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
Mr. Lively's 2R yeara* experience
editing market* In Atlanta and
the South linn nmdt him a r#c.
ofnlx^I authority lu lq* specialty.
WEEKLY REPORT
MILDLY_BULLISH
jjjALL ADVANCE FOLLOWED
ITS PUBLICATION,
ghorts Getting Nervous and Show-
icg Disposition to
Cover.
r* otton market for future* allowed a
ukt i*prureo»eat today. t hough up to
‘ the advance wan email.
ft was found that very little
f r «*nl* , 1 and an a<lvuu<e of
point* was eaally brought
MMrthlBC definite occurs to Induce the out-
S; te make ventures this condition la
m«iy to routlnne.
AfLcM. 7t ia'not likely we tvlll
ibj fertons crop dlanater, but It la
Se decided deterioration could take
, and as wt nre entering the moat
4| period for the crop, It Is highly
F ' bable we will have some crop scares
tie near futnra.
Tt . New York Commercial says:
•There la quite « heavy long Intereat out
ta this market—larger perhaps than Is
M.rallr I>elleved—and this interest la
nrlnt for weather and weevil to let It
■t In the face of the fact that the
rcather Ima l*en ao favorable for no long
It li wrprlalng that a more determined ef-
Lt has not l»<*rn made to force these longs
ii rover; the bear*, however, seem oon-
L :t to alt hack and allow the weather
n tradnallv force prlcea down. If thero
k to t* mi bad weather nt all from this
L. on there can be no doubt, of course,
that tome day the bulls will have to ge*
*t and that they will then break tin
et by the liquidation; on the other
v,jV a spoil of had weather and plenty
ifveevll talk might let them out wltUput
t glowing.*'
ltUpnt
.. Jaai 1
the fact that com
the crop reports are
*POT COT1 ON MARKET.
lork-vuwi, »*.w.
lew Orleana—Hteady, llHc.
jrerpool—Steady, HOd,
Auftiita—Steady,
hvannah—Steady,
It. Dmla-Steady, It
LIVERPOOL COTTON MARKET.
.1. July 10, 12:15
nn. uriunnd limited, With i»
■Mtlllng upland* 6.10; sales 5,W .
if#: inoculation and export 2,000; receipts
BAO; American 3,700.
Fitnres opened quiet and steady.
sly
s'jr-AugusI
lipitBep
IWL4t C t. .
Ort-Nov. .
Xar.-bec.
■-Jan. .
•Feb. .
1 q
Opening Previous
Itaoie. Close, Close,
....S.ffUUS 6.83 6.80
, .6.765.77 5.78-5.79 5.75
6.M-6.58 6.69
5.08
f. O')
5 M
r.. nr.
....6.574.59 6.C0 6.61
6.614.63 6,574.68
. .6.604.63 5.63 6.69
TODAY'S PORT RECEIPTS.
«I£RT ft CLAY'S
DAILY COTTON LETTER
X,* Oriaan., July 10.—Advices from
“'trpool w.re more favorable to lilgli-
nu”! ,h,n * IM recently been the
Md options on the close recorded
Li . . of 4 Points, while spot pules
"“tslnm the average recently estab-
otat“ m ' ly ' 6,#0# baIcs ' Rt a Ioss of
ij'* chen.es In the local market
unimportant. but the tendency
•S,*?**” 1 In anticipation of a bullish
■•tiler report for the week, which,
e , * r 'heln* about ns expected, fall-
" to Influence market prices. Even
ieLMSf nc ' at ™ ,n In the Atlantlcs,
ywdlnf to today’s map, llkewlee fall-
S," ceu.e any bear activity. This
... ,lf the market to respond to
Jr? vttHl Influence. I. primarily due
"• exceedingly small proportions to
fide Interests have fallen.
* . p * ccou nts heretofore have been,
, v »ry nattering, but from
leeJH?*,** ** r*P°rta are now being
a?.’*; '•enotlng less confldence, re-
aoin. * n * ,c *“ of moisture In some
“ n <l the renewal of boll weevil
tm.. n "estsm localities conati-
.complaint* The crop’s crlt-
’ ** hand, and the closest
?* tt. progress will be ob-
^ An , Increasing of Interests Is
rj»ni*ndlng ss the new cotton
.... "* appearance, and we arc in-
JJ^to look for a corresponding ™-
Kr?**, of epeculatlve activity In
future.
Ju 'T 10.—A small nar-
Prevailed today almost en-
tJ i.,° ut feature, unless the de-
‘"t'r-Metropolltan was con-
iv „7, " e *•»«*• broke rather
KJJ n<, *r pressure, which was not
E*;. J h « trading In the prlncl-
' iuiS 41 >“ure was on etrong
sithough restricted In volume to
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Ware & Island
New York, July 1 ’ -Colton opened ou|e,
and .tcndir with eoimnl«.l„n hVm.ee fcibt
•**•*» «nd locals also dlaposed to self
at n w'K r ‘ 1 ' Vll,0[1 Ju,t '“'red 6,000 August.
I.Irerpool cable,:
account, somewhat leu ftvorable
Inntlf* slntas **
say,: “UesTy genmflUns over This
section; no worms oc weevil complaints.
Crop prospects ars excellent."
not to bo expected at this time.
New Orleans, July Id—The weather map
Is favorable. No rain Is reported Id the
Atlantic, nut showera are reported In the
western belt, where they will do good.
Liverpool was due unchanged to 1 up
r Is 12,644 bales, against 15,061 last year.
Fnn Antonio wires:
facing the southwest Is tog . __ __
the enormous crop In sight. The plant _
so far advanced and so heavily fruited that
pickers will eoon be In greater demand than
ever before.
Private Wire to Glbert A Clay.
New York, July 10.—The Journal of Com
merce says: “Buvlng for the first of the
—a SMI ‘ ‘
plsv o
mouths trndo now that Inventory" periods
have shown a healthy condition ninoug sec
ond hands.
"Requirements for Immediate consumption
keep n number of buyers of stnplo cotton
busy In the primary markets looking up
snot goods, and even though thero Ir
slight lull from the active operations .
the past two or three weeks, it le not
believed that buyers have Covered their
wants any further ahead than August nm
within n short period will again he forced
Into the market."
_ m i
and 'was bid In by W. P. Brown. Tho pro-
1s, as well as the amount raised by
pool, will be turned over to the charity
hospital,
Battw, Als.. wires as follows: "Good
rain last night; did not come too eoon."
Market ehowa eome little atrength on
account of shorta covering and eome fresh
buying In anticipation of the naual bullish
weekly weather report.
Central Texaa wires: "Nsw complaint of
oil weevil from reliable peoi * * “
Damp, cloudy weather preval
... 661 A —
Louisiana. Cotton generally fine: stands
excellent; acreage Increased and the pros*
tt—
the eastern belt dry. Opening prices
show the Influence of sach excellent con<
dltlons.
Tho western - ...
Uirougbout tne section tonight and Wcdnei-
"Yh e eastern forecast Infllrnte, fair iveath
•lent not
experienced for mnny
WARE A LELAND'S DAILY
COTTON LETTER
Net, York, July 10.—The weekly wentber
report wn« In practlcsllT all respect, fa
vorable. There barn been mneb addet
rain, In Toxos, and while some section* of
the Atlantic state, ,bow too much rain,
there I, warm clear weather there now,
and tho plant 1, In good condition. There
vii nothing really unfavorable In the
report. Thero wii practically no sec
tion talking of ilnnuute. When compered
with the usual weekly at this eenson of
the year, the report win exceedingly favor-
aide. Ilut the market filled to more In
either direction. The short soiling early
In the Usy had been »ulIlolently extenslvo
to lead professionals to cover on the ad
ranee, nnd this started an advance o|
several point,. A large amount of cotton
was taken from tbe market early, and
' ed, — —
too
r lnta to bring , _
to nbsence of any marked de-
lire to eell. As far aa crop new, went,
report, were generally all that could be
desired. I'ntll aome untoward development
la eeen, the market la likely to eentlnne
narrow. There le little preaeure at the m«-
m nL'w York, July 10.—The etock mar-
it waa , dull. Irregular and uhlnter-
estlng nrtalr thl. Afternoon, following
aome Uttl. Activity, but within frac-
tlonal limit, during the morning trad
ing. The operation, of the room crowd
seemed to predominate, and the large
Interests remained Inactive. Tbe dig-
poaltlon to await the crop report wa*
manifest, while the attendance In the
street was perceptibly curtailed by the
dullneaa. Tho outlook favor* a main
tenance of the trading portion, but
with a preference for the long »lde on
the reaction., which will give moderate
return* to active and alert operators.
The money eltuatlon le etill reported
ae being Improved, and we see no rea-
aon for believing that the market will
meet any amount of liquidation at
present levels under eglstlng circum
stances. so that any feature develop
ing calculated to stimulate nervousness
on tbe part of tha bean would be like
ly to bring about an advanca of eev-
eral points, where eome etock would
undoubtedly be met. Several asso
ciated Standard Oil houses recommend
f lurcbases of good stocks on recessions,
ntlmatlng to clients that Improvement
will take piece In the not distant fu
tore. Conservatism will repay •*■
daily trader.
tha
weeks past. The action In the marktft
in the afternoon Immediately afur the
government report was,disappointing
and gave no indication of support, and.
In fact, It would aeem almost aa if
the market had been eold heavily
againat since Saturday. It would ap
pear almost sure that In today* break
In sterling gold Import* will folHrn,
and that money will continue fUrty
plentiful, but there la no present evl-
dence of .change of eentlment from
that which prevailed about the Urn*
conntu adjourned, and th#
will require aome strong leadcrahlp
to reinstate confldence.
GIBERT A CLAY
■ ALABAMA ST.
STOCK*. BONO*.
COTTON. OBAIJk
cortex, provision*
ATLANTA. OA.
^ tw? ExchaagelNew Ortcsn, Cotton Exchaagv.ICIr.cafO D««dl»f
Uul •"« Una Dl.t.n.r'rJuphinTszVfc R- FAGAN, ManAjerv
WERE VERY SMAL
TENDENCY WAS TO SAG DUR
ING FIRST HOUR.
Early Declines Ran a« High
as One to Two
Pointe.
By rrtrat. Leased Wire.
New York, July 10.—Barely any
thing worth recording happened In to 1
day’s early market. The only feature
at all tvaB A further contraction In the
volume of business. ibr> total transar
ll'ins fHllIng to tbe lowest ebb In a long
while. The reason for this was eaally
apparent. There was no eelllrg of con
sequence, neither waa there any buy
Ing, and those opposing characteristics
were so plainly stamped upon the deal
ings that even the professional traders
abandoned the market In disgust.
Prices vacillated between atrength nnd
weakness without any real movement
either way. In the first half hour
feeble effort was made to get stocks
down, but us has been the rase for
several days, no liquidation was
brought out, and when the early sellers
tried to recover the stocks fold quota
tions went back to where they had
come from.
The stock market opened dull nnd
Irregular with the Initial quotations
showing small fractional -fluctuations
In either direction, the changes rang
ing from 1-S to 1-1 per cent. Beading
Opened I-l higher, (Irent Northern and
MortMra hue up l-:.
After tho opening trading the mar
ket turned weak all around.
New York, July 10, 11 a. m.—The
market during the first hour wa* sag
glng without significance - or Impor
tance to the price movements. The
dullness, although natural for the sea
son of the year, was regarded will
dissatisfaction by the room traders,
who found It hard to causo enough lm
presslon on values to allow them to
make fair profits. After they had sold
stocks early, causing declines of 1 to
points, moderate buying by them
selves caused a general recovery. Lon
don was as dull as New York nnd arbl
trage brokers ceased cabling soon after
tho opening, saying there was no op
portunity for them to trade.
GOVERNMENT WEEKLY
REPORT OF WEATHER
Alabama—^Montgomery) Moderate tem*
pernturos prornlled. Tno firat half of tlio
week was fair with ample sunshine. Thai
■econd half waa partly cloudy to cloudy,
with showers In eastern counties nnd ralu
m excessive at n fow wldelj
. jits. Rain Is needed over the
I western half of state.
Arkansas—(Little Rock) The days were
moderately warm and the nights mostly
cool and unfavorable, the mean temperature
being below normal Beneficial showers
oecnrred ex|iafcfiflMHMlMMa|Md
whore more
waa considerably below normal, except In
Monroe and 8t. Frnnrls counties, where It
was above normal.
Georgia—{Atlanta) Tho weathor was
eaaant with temperature slightly
s.ormal. Showers were general on t!
4th and 8th; In the northern half of tut
state on the Ctb nnd 7tb. There Is amph
moisture, most districts receiving rainfalls
■North^aroMna-GUlelgb) The preclnlta
on was much nbove tho normal. Fro-
■bent rains, excessive In eastern nnd cenl
tral districts, caused considerable damage.
ISunsblne Is needed. The temperature aver
aged from 1 to 3 degrees below normal.
Oklahoma nnd Indian Territory—(Okla
homa) Cool northern winds prevailed. The
South Carolina—^Columbia) The mnshtne
and temperatures wero below normal. The
** was slightly above normal
* ted localities receiving ex
11, while over small areas tbe
rainfall was bolow tbe average. All aoc-
a still hm ample moisture,
ulstnnn—(New Orleans) Tho week open-
... with general ahowera, which were
heavy In some localities. Light arnttered
* iwera occurred at the close of the week,
; rainfall was deficient In most esc
tlons. Th# teropernturo was about nor.
mat In southern portions and below In
northern portion*. Tho sunshine was nboro
.S^e P, »« U .Mh°..7J.7n^
of the week w,s elourty. a few heavy
.Unwer, occurring, but rainfall wn» ecu-
rally light nud ,catt,r,d. Italn la needed
many localltlea.
'exaa—fOolreaton) The 1
r cloudy and nnnaoaly
week wa, ir-ner
It cloudy and unuauniy cool In weatern
„,,,l northweatern countln,. abowera occur
ring In nearly nil count!--, rainfall being
heavy In Illo tirande valley nnd In cen
tral and aoutbweatern aectfpn,, »nd gen
erally below the overage elsewhere. S»
rero thuod.r»torraa ocenrerd on Monday
and Tneaday In aeraral countlea.
Tenneaaee—(Naahvllla) Tho week waa
cool with local ahowera generally light,
but heavy In a fufc Inatancea. »nd af-
lordad euindent moisture, an n rule. In
eastern and northern aeeuona. The went-
ern anil aouthern portlona of tho atat. g.n-
erally art very dry.
FAVORABLE WEATHER
CAUSED THE DECLINE
New York, July M.-Tbo Bun aaya:
email decline waa the reanlt more of gen
erally farorabla weather than anrthlngelae.
The liquidation and abort sidling, how-
over. were email, few-' * 1
early covered before
era i,
i, and
enegta,
id. If I
re porta that I
badly In the
rrmber to aa
rketa were firm,
■rih anr tho
tn vlalt-
warki
henry rain, ha
, where they are certainly
there I, nny trulh nt all In
t the crop In thot »tnto I, pretty
he grau. Liverpool bought Itc-
eotne extent. 1.,-adlng bull, ere
_ ivo bought uctnh.r nna ,old f»e-
cemher. A commlMlon house here I, ro
uted to lw nlout te *hlp a,000 to UL-
) bale, to Netv Orleans to deliver on July
contract* . It le u waiting market The
crop Is believed to |>e doing well, but even
the more eengulne bear,, fearing that some
thing or other may happen te It during
July or August, are, therefore, not Inclined
to take the uggreaelve et the present
time.”—Albert * Cley.
(rw Orlesna.- July Id—The Ttme, t).nio-
erat: -'Yeatenuy'a cotton market smolder
ed. There waa very little rvlilrno- of life
anywhere. The rumored shipment of July
tenders to New Ortesn, from Sew York
was not a reassuring outlook for local
July tonga. The situation Is undergoing no
change of consequence, other than Hint oc
casioned by the ar — * 1 —i I
rurrent msnlDulttt
belt fnrorahle crop eondltlona obtain, but
exceed re moisture ha, rendered tbe re-
I tinder peculiarly aaweptlble to weather
mage. However, tt the moment tbe
_,gnltude of the trade Intereat In the new
crop matter, little, current M
log very nearly at a standi
nlntlve trading lacking inducement.''—Ware
* Lei and-
RANGE OF NEW YORK STOCK MARKET
1 , I fl'g (Prer.
Open High Low. |(YaM IiT.I.hTm
.\innlanmnti‘<l i*t>i*p<»r
AtlailtlC Collet 1.111**
Amcrlrnn Sn^nr Refining..
Anncomla
American Locomotive......
do prcferrc«l
erlci ~ “
Jo i
Atclilso
llnltlmore am! Ohio.......
lir.M*iaivu Knpbl Transit }
I 'n iin11 In i» Pacific -
'hlfng" ami Northwestern
'ht-KHpt'iik*‘ nud Ohio
CUHgOL _____
Dolnwarc a ml llmlson..
DlNtlller's Securities
do preferre*l
General Ktertrlc
Illinois Central
American Ice Securities
Loulnvllle and NnHhvllle
Mexican Central v**”*
Missouri Pacific. tee..***
Now York, Ontario aud Wastern
National Lend
Northorn Pacific..
New York Central....
Norfolk and Western,* ******** ••••••<
•nntylvanlft
conle'a (lai. u ***** -
Teased Htcel Car •••
do. preferred...,...*.**.,..**•..*...
Pacific Mall....,
Republic Steel
Rock lAtand
do. preferred......'.............a....
UnltM State* Rubber.......... ..)«4«*«*
ilo. preferred
Rout hern Pnclflc.,,,,.
Southern Rail way.,,,
do. preferred........**........
SIoss-Hlieffleld
Tennessee Coal and Iron*....•••••
Texas nnd Pacific
"nlon Pacific.......
_nlted State* Steel....*,
do. prefer rod....,..,,,
Virginia Carol!nn Chemical A.
do. preferred
Western Union...
Wabash
do. preferred.............
Wleeonaln Central
do. preferred....
RANGE OF THE COTTON MARKET
AT NfW YORK.
Th. following Is th. rang. In cotton
futures In Now York Imlar:
La,f rrevlona
Open. High. lov. Sain Cloae. rilo.e.
10.”3 10.16 10.SI 16.JH4 10.1, • u
'$$ a p m m£» &
in.M 10.41 10.28 10.4*1 10.40-41 lSrt-a
10.38 l'U-» 1038 10.4-
ib'. A0.ft gS 1046 1046 joSljJ 10M-*
IclL .1046 10A9 10.46 10,69 109M. 1046-46
Closed firm.
TIPS FLASHED
From Wall BtrooL
rrlrato Wire to Olbort & Clay.
Now York, July 10-Dante (blell ft Cot
Wo do not fed luatlflcd In taking nny
position other than that this le a trading
market with • tendoney townrd specialty
and Irregular lmprovamant, ami that It
should be bought for turn*, at leoat c
ronotlona with tho luiltvldiml mWh
lowed closely to lie In accord with
fcHlonnl oporotloua which constitute tno
best guide now."
Marshall. Spader A Co.: "An almoat total
ok of now,, whlcii could ba of market
.jflucnc. this morning, la a feature of tho
news columns nnd comnifDt. It woiiici ap-
iear that between tho henvlnen of Lou
Ion and discussions of til# monetary sit-
latlon. joaterday'a market beenroo n dls-
ppolntment to Intereeta working for an
advance, and tbe absence of outside aujjj
port became too obvious to be disregarded.
Tho banks have lost 11,898,000 through snb-
maaory operations alnro Friday. Jno re
marks attributed to Mr. Itoger# Ini The
Herald this morning roflect tho attitude or
these Intereala os far as can bs jmigea
from stock market trailing for some time
ost* anil also the attitude of many other
l If we are to Jndf# by th#
market alone. The question
■ ndamentals strong enough to
offset the Influences suggested, snd how
long will It toko to wear off the effect or
this Invasion of confidence#
. ptown sentiment: In spite of th# ffir#f*|
able business conditions throughout the
country and the prospect of
ngc crop., men who are watching «he mar
ket rloMiy her. ar. Inclined to bcllcv.
that It will bo altractlv. only to tmdire
fur acme little time- Whlla It 1. still 1 1 r -
dieted thet price, ar. going very tnu;-h
lower, th.i prevailing opinion la that the
fluctuation, will not be wide lu cither
direction, and that unlr.a some new ad-
Tcra« factor develop*, th. tendency will
I be toward gradual improvement.
rrtvate Wire to Ware ft Lfland.
New York, July 10.—London Arm.
Government report this afternoon expect-
- to b. bullish on stocks.
Press representative 8t. Paul has mado
100,600,066 loan In Paris.
Sentiment somewhat mixed, market I,
Ighly prof east onaL but whenever break,
„ke pise, would faeor taking on the
• tot-lilt for l or 3 points turn. Wenlthy In
terest, *ro aa * “
only, but will
Action of Bt. Pa-d does not rellact any
effect of any loan being mad. abroad.
Market Is under professional preatnre.
Think welt of Atclilunn. Mlaaonrl PaolOc
and Baltimore and Ohio on breaks
Vl.comt. Henri Marl. d. Andre*, a
balloon enthusiast from Paris, who la
traveling In thl. country, ha* Id.aa
about dressing. He hold, that In a few
years men will be wgarlng bright-col
ored everting clothea. He ha. begun
the reformation by appearing In gray
brown after 6 o’clock.
AT NEW ORLEAN8.
Last " ’ Previous
Open. High. Low- Sole. Clo«». clime.
July .lu; il.flf 10.97 11.04 n.0107 10.9496
Aug. .10.67 16.8 16.67 10.66 10.(748 |6.
Boot .10.45 16.46 10.43 10.46 16.4749 10.
Gel. .lS.S 10.66 mu 10.33 10.6334 10.
Nov re, ..re. 10.14-16 II).
Dec. .10.24 16.17 10.61 10.16 10.6M6 10.
«»-. ?. 0 :!? ^ ?°:!° IS:
Mrh. .10,48 10.13 10.43 10.63 10.6866 10.
Closed steady.
COTTON 8EED OIL MARKET.
Nsw York, July 10.—Tho markot for cot
ton seed oil was quiet during tbo early
trading yesterday, with somo strength
July, which ahowod an advanco of He
from last week. Tho lata positions wero
about unchnngod with tbo undortono firm.
Thero aermed to bo very Ilttlo spot oil
offered. The demand for export ahowod
aomo Improvement and tbs strongth la lsrd
had a stimulating effect, but somo traders
still hold a bearish view of tho situation
on account of tha favorable prospects for
tha cotton crop. Tha mnrkot at tba closo
waa quiet with prices unchanged to Ho
higher.—Ware ft Ireland.
Oonqlof. Close.
July **•*• frMfllf 7
August ..„,,*•,*•*.•*••• S7f “
Septomber 17
Octotor 34'
November 33
December 31
Closed steady.
THE METAL MARKET.
New York. July 10.—At tha metal ex
nngo copper was reduced Hr lu tho nuk
ing price for eloctrolytlc. Other grades
unchanged.
Tin down Ho further for spot and nearby
rbdherlea.
Lead and spelter unchanged.
NEW YORK COFFEE MARKET.
Ainn'Q * SirtiR
Anri I 6.964.96
ilk ::::::: TO
July
August ..**....
Beptember
October ..................
November
December ................
Closed steady.
SOUTHERN EXCHANGE
Oldest Established Office South.
COITOH—STBCM— BOROS —MAIM
Ground Floor Oould Building. Daily
market l*-tt* r nnd murk,' nmiviul
mntled on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, CRAIN
Correspoodsat’s Capital $250,000
neruiENCc. the ncal bank
PHONE I4IT. PHI J OK NT IAL BLDG
cottonYg(m:^, ^ro^isio^sSt^^xjPbonds,
ffs. 3 Wall St., Ntari Balldlaa, Altaala, Ca.
UtmtlfS:
!-
PIEDMONT BROKERAGE CO.,
(Inoorporatod.) Basement Floor Piedmont Hotel.
OTOCkt, BONDS. MAIN, PSOVISIONO, INVESTMENT*,
Fast Wire 8ervie# from New York, New Orloane, Chicago.
COPRESPONOENTS
H. «9. BACK A CO.. 42 BROADWAY. NEW YORK.
BV. BOTH, ilaaagtf. Local and long Dlttaote Bt'.l Plata 1391.
NOTES ON ORiUN
Polntors on Prorlalons.
Private Wire to Ware ft Lclaml.
Chicago, July la-Cmiti an let of t
by tho country yesterday totalled i
i,i00,0u0 buahela. Uno prominent coi
bought m«»ro wheat on nda yesterday
ever before In Its cxporlencu. The <i«i Hue
of 6«? per bushel, iiistesil of qhocklog tho
nfrerlngs, Is Increasing them, .'tpccuiators
will bu unable to support price* anti*
get to an export basis, or uulcss tbo u
weat develop* a crop oeare.
la confined to local traders,
outlook It teems danger)
day at 60c.
on both harfiL
. ... about lVfcc I
rslns In tbo somU
chief owners of
ip ore ()#■■
and soft wint«
.•ii..
H'Rt having eattMu tt
heat to withdraw 11
pressure to aoqi# extent. Thnso exporter .
however, bolleYBl that flour whs i»elus‘
rked for export, ns freight
— miller u dlstlurt advantage.
Another large buyer bore predicted thnt
would be ss high ns two cars here
day noxt week.
aidant James 1'otUtt, of the Tesvy
pony, had reports from tho
that tt\ero wnq nothing of
riulneg
““ lm-
(Jin 1 n Coi
hwest
ivorable sort that
results In that foctlaa, ___
thnt crop conditions could hardly b
proved upon."
Private Wire to Ware ft Lelsnd
Chicago, July 10.—The wheat L_
tluues to be il4>pr<'«ii«d h> weight of the
new cron movement with millers and »*v
portore digpoaafi to hold off so lung ns de
cline continues. Auy little bull ucwi
Rtendy prices would »huw the sttuRtl"ii now
aid no*
("hlrngo Inter <».*,.*ur 'I he g"\erumnit
crop report Is due at 1 o’clock Chleogq tliuo
today. It la expected to show Uttl
n winter wheat, a loss of 3 to m
ii spring wheat and 1 to 3 on oats’since
ast month*
Tha first report on corn this •osson will
9 given out. It if expoctod to show a
condition betwoen 85.6 and 87. and nn
acreaga of over 95,000,CfA. Lnat year tho
comlirion was 87 3. ncrenao 94,000,000 and
ron 3.644,000 IiiihIums. whlcii wan lucroosiMl
,709,0'W bushels In final returns, tho con*
dltton Impimlng to 0.2 (n October.
A report on farm reserves on wheat July
t will be made by the government Ibis
afternooa. Last year it was 4.4 per cent,
or 94.367.000 bushels. Tills yoar It I# ex*
pected to bo 6,ft to 7 per cent. The former
will represent 46,000,000 bughela, Cumparu*
tlvo figures:
.Tune, June, July, Crop
1904. 1'hjT., 1906. l'.in;.
Winter wheat..Kl W.6 82.7 Ilf.ttiOOO
Spring 93 93.7 91 384,000,000
93.9 63.1
illy In store. 10,000
#1 le over fteptem*
red at 2c
Including ■
hnrd at 2c under Jul
msbela No. i northern «L „
»«r In store and 10.000 No.
over Heptsmber f. o. b.
Hales of corn were 100,000 bushela and
oatn hO.OOO. A Ilttlo o^port buffie## In
wheat was closed In Duluth nnd Knusas
City, but the details wero withhold.
Tno sonhoard reported no business. Char
ters were made for 2«X),000 corn at lVkc to
Buffalo.
"Russia will rolso 700,000.000 buxlfels
whent this year," said a cable from no
Odessa correspondent of Watson ft Co.,
of Minneapolis. It came tu reply to on
Inquiry about the crop. ^The figures Indl
yonr.
loss of 44,0
bushels from last
OPENED STEADY
TO SHADE STRONGER
ORDERS TO BUY CAME FROM
ALL DIRECTIONS.
Due to Dry Weather, Light Re
ceipt* and Better
Cables.
Or Trlvat, Lsnaad Wire.
Chlcngo, July 16,—Th* govemmsnt
July report Indicates a whent crop of
279,000,000 aprlng nnd 431,006,000 win.
tsr or a total of 710,000,000 bushsl.;
corn 3,456,000 anil oala 314,000,000 buah.
•I*
Condition of .prlng wheat waa ,1.4
and winter wheat 86.6.
Corn 37.6 and oata 64.
A month ago spring wheat waa 93.4,
winter wheat was 33.7 and oats 86.
Wheat rioted l-4«6-8o lower; com
l-4Q!-ic lower, and oat* i-a.- lower to
unchanged.
I’rovlilona w.re higher—pork 171-10
30c, lard 10c and rib* 7 1-to.
Ca.h .ale. at Chlcngo, 10,000 No. 1
red winter wheat at 3-4c over Septem
ber In .tore; 8,000 Now 3 hnrd. 23,000'
corn and 10,000 oat*
Logan ft Bryan eald: ”I» look, as If
tho Northwest wo. shirting It. short'
S.pt.mb.r wheat over to December, aa
that action hna bought September and
sold December wheat.**
CHICAOO GRAIN MARKET.
Tho Chicago groin market renged ee foL.'
Iowa today:
WHEAT—
% •: n
U conN-^
S-:: H8
_OATB-
July.
i-r.
Dtc.
LARD—
July.. 17.71
H.pt, . I7.nl4
H h
Jan. ..14.1
BK ?2 4
0.06
9.10
»|
16.06
mh m
49H
mt &
33H MliJ
.1.76 18.60
17.’.’!'i tt.4344
14.96 14.9:3
77%
ns
July.
kept,
Ort.
BtDibB
July. .
s< pf
Oct.
fi.96
9.06
9.10
8.97J4
».12%
9.16
9.1214
9.M
9.26
17 17%
17.171,
14 IK
8.87%
2-454
GOVERNMENT REPORT ON GRAIN.
rendition of winter whoat 86.6: lost year
82.7; aprin* whoat 91.4. nar , “-‘
Torn 37.6. la at yoar 37.3.
Oata 84, lift year 92.1.
ii oc n; in;
aloat 91.
THE SUGAR MARKET,
Prlvata Lcnscd Wire.
Jew York, J(‘
iugar markot# !
«lon licet uiarkot steady; July 8a 44d, and
August 8s 4'VI.
THE DRY Q00D8 MARKET.
Prlvata Loaaad Wire.
Jaw York, July 19.—A general Improved
condition waa evident lu the dry goods
iinrket today. Fall dress goods buyer* are
stronger to aome extent, except coorio yarn
brown goods from Jty cents a ynnl nnd
standard good a down to tha heaviest makes.
Homo changes In these may havo to b* mado
i*pt. . 0.47% 9.52%
ct. . 9.27% 9.27%
CAB II W11 If AT—
WO- J red wheat 7*UCf79; No. 3 red
78; No. 2 hard 7'.' ? 'ffil»: No. 3 hard
No. 3 northern sprlug
NORTHWEST cTrS.
Th# following figures glv# tho northwest
care today, last week nnd Inst year:
^ . Last Lnat
... „ Today. Week. liar.
Minneapolis V>h lu 121
Dalato 75 92 1}
Chicago lf.» 13 77
PRIMARY MOVEMENT.
Th* following figures gtv* the primary
movement of wheat nud corn today; 1
Whent—Receipts (68.000 IuihIicIr, against ,
4fif».ooo l«nt y«*nr: •hlpmcuta, busbeis. I
against 372.0O<) Uet V4»«r. -I
<f.rn-R**<Hpts, fi43,000 litiahnla, against 1
740.000 bushela hmt year; shipments, M4.009. 1
ngnlust 313,000 last yoar. '
CHICAGO CAR LOTS*
Wheat
Corn ..
Oat# ••
Hog. .
Today. Tomorrow, j
169 III /
426 207 .
J09 ‘
M,600
15, m
LIVERPOOL GRAIN MARKET.
Wheat openeil % lower; 1:30 p. m., unv
Changed t«» lower; dosed U to ^ lower, •
t’orn opened H lower; 1 30 n n» . H to Si 1
higher; closed lower to H higher. 1
r
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, Prreld.nl, A. E. THORNTON, Vle*-Pr**ld«it.
H. T. INMAN, Vl6«-Pr..ld.nt, GEO. R, DONOVAN, C..hl.r,
JAMES S. FLOYD, A.i't Ca.hl.r,
Capital $500,000.0*
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO., Sin
Atlanta Offices, 219-221 Century Buildinif.
Member* New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aaao*
clarion, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchange*.
Direct wire service. Correspondence Invited
Phones 454, Long Distance 39. A.S. Huatace, Mgr.
WM. L. TEEL, rrerident
ROOT. F. MADDOX. ViceTree.
TIIOH. J. PEEPLES. Cashier.
JAB. ii. LESTER, Ass t Cashier.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNT* INVITCD
$200,000.00
$500,000.00
We invite accounts of individuals, corporations, banks
and bankers and offer tbo best terms consistent with
conservative banking.
Xn our Savings Department we allow Intereat at th# Rate of 3 1-2 per
cent. Compounded SomUAnnually.