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ATLANTA UKUKHIA.V.
JOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE B
:
Mr. LlTely’i y> yenro* experience
g markets In Atlanta and
It has made him a rae-
gulzvd authority In bis specialty.
cotton ho
II EinjJ^TRtOING
present Market Only Scalp
ing Affair Among
Professionals.
OUTSIDE HOLDING OFF
Early Advance Was Lost
After First Hour—Tone
Dull But Steady,.
ii on yesterday. there wns a brief ipurt
J,etlrli» around the opening of the mnr-
for i-ottou options. There was nlso
S idTaare of s point or two altore the clos
er mures of Tuesday for the new crop
igSKS. followed and the, Improvement
.as jest, at mtdday prices ahlwlug a sllitht
Lrllae as compared with the precious close.
\>w nrleans wires that notices for nbout
ii® bales were circulated there this morn-
&l. sad that Sew York has been supply-
^fh^wcafher In the cotton belt continues
,,, the rainfall at several points being
„ fr heavy, which. It Is claimed. Is Injur-
%i , ewnfl > -we*4ly movement of cotton, ac-
-mline to Secretary Hester, Is as fol
ks, Receipt!, i.401. against 28.455 last
mi sad 2,259 In 1904; shipments. 8.007,
Elust 37,688 last year and 5.864 In 1904.
Seeks, 126,003, against 133.041 and 55,819 In
SPOT COTTON MAflKET.
Atlnata.steady at 11c.
\>w York ateody at 11c; salet 141.
V.ir Orleans easy at lie; sales 125; de-
lt,red on contract 800.
Liverpool pn|ler at 6.10d.
Angtwta atrudy nt 11 Hu*
Savannah atetoy at 10*0.
LIVERPOOL COTTON MARKET.
Liverpool, July IS, 12:16 p. m.-Cottoi
•not quiet, with prices easier; mlddlln
upland* 6.10; wiles 7,000; American 6,10(
tttffulntlon and export 600; receipts 9.00C
Atnerlmn 8.100.
Futures opened quiet and steady.
Opening Prevlou*
Range. Close. Close,
..6.84 6.84 6.86
.6.804.81 6.81 6.83
.6.784.74 6.74 6.70
. .6.68 6.68 6.70
...6.61 6.64 6.66
..6.624.63 6.634.64 6.664.66
6.634j64 6.65-6.66
...6.64 6.644.66 5.664.67
6.66 6.68
6.70
uly..
Oct.-Nor
fov.-Dec.. .. .. .
fcc.Jnn
in.-Feh
*eh.-March. . ..
larch April. . .
Cloaed steady.
6.68
TODAY’S PORT RECEIPTS.
The following table shows receipt# at the
jjortii today, compared with the same day
lohlle' ... ,
Itavnmmh .
Charleston
Wilmington
Pcnsnooln ... ...' ,
Total ... .... ...
INTERIOR MOVEMENT.
Houston ... .
Iicufltn ... .
(euiplilft ... ,
100?
GIBERT & CLAY’S DAILY
COTTON LETTER
I New Orleans. July 18.—The foreign mar-
art wn» exceedingly dnll today, options on
tte clou* losing 2 points from th<* previous
•ya levels, while apot transactions show-
4 an Improvement, sales amounting to
hale* at 3 (mints lower. The clrcu-
■tton nf n fnw July. notices broke that
Poattlou 9 point# Imfore tbo offerings were
ibtorhed. The decline slso affected tbs
nil month*. which, however, soon recover-
ijd ou rovering by shorts and some pfesb
paying that net In, due to further reports
ly wet weather In tbs belt. According to
55* »f the heat authorities, the present
widy rondltlon* of the weather with oc-
eastotinl showers Is *n reality the most fa-
walle circumstance that could I»eaet the
™P. for the plant has now reached that
I*®*'* of cuRlvatlon where clear, hot
lather would undoubtedly bs detrimental
the sappy and rapidly fruiting stalks
of rousing consldsrahle abeddlng. And,
2* rt from the prevalence of grass In the
wws. complaints consist chiefly of the fqar
t - s rather than to any out-
far through excessive
complaints con
future dninfge, ra
JJnt injnry done so
the dry goods market.
Prlr.in Leaaed’wire.
. * w lork, July 18.—Tub dry good* mar-
ff 1 *•«, steady, wtth * better tone In nesr-
2.• I ‘‘T branch. Cotton yarn* are gen-
SJJr -inlet, with spinners unwilling to
**«” any concessions. Tbs export trade
**i ni-in- actlre.
COTTON SEED OIL MARKET.
NEWS AND GOSSIP
Of tho Fleecy Staplo.
Private Wire to Ware & I.eland.
New York, iuly 18.—Liverpool
opened steady 3 points down. ,
6 m., 2ft3 down; dull and Inactive. ~,~..
down at 6:10. Sales, 7,000. Due to corns
j3 down.
The Liverpool cotton e
closed on August 4 and
Monday. •
Liverpool cable says: “Market steady at
decline. Spinners fixing to take advantage
of decline. * *
Cotton opened quiet and about as expect
ed. Trade light, with locals Inclined to se l
a little.
Weather map Indicates too much rain In
the South Atlantic states. Look for quiet
and steady market today.
- 8ehill a big seller of December; just of
fered 6,000 at 10.43.
-Mitchell lust sold Wentnan 10,000 Decem
ber at 10.45.
New Orleans. July 18.—July was offered
dowu 9 points by IWer and llellwege with
out a sale being made.
July declined apparently on notices 6t not
over 300 bales.
Net stock In New Orleans 33,354, again#
46,004. On shipboard 18,063, against 18,013
last year.
The weal
the cotton belt.
rain In some sections. .
Tbe market Improve!!, but wo# barely
steady, the old crop up 1 point and new
crops down 2 and 3 points, in spite of fa
vorable cables and bad weather.
New York wlrea: “Dick Bros. Urge sell
ers yesterday and today."
Private Wire to Glbert & Clay.
New York, July 18.—Norden. who bough
eOflOO Jnnunry yesterday, has discovered bis
mistake, and has been liquidating bv sales
of October and December this morning.
Mitchell a good seller of December, sup
posed to he for accouut of a Boston
loose.
The Journal of Commerce saya: “Trad«
for the day In dry goods was steady au<
generally satisfactory. In small lines. It ap
pen red quiet, In contrast with recent actlv
Ity, bnt buyers ware moTlug about and
were taken up with the evident firmness
which waa making Itself manifest in some
divisions where weakness was v«“ —
nounced. Heavy goods are becoming
conditioned every day, advances being
noted In lines that have been offered at
any price buyers would pay. The renew
al of a sinnll export demand has beon
followed by a better Inquiry for the heavy
goods for domestic use, and gray goods
brokers were more active iq response to
the call from finishers for more goods."
NeW Orleans, July 18.—Liverpool et 12:10
,). m. et 3 down le In lockstep with our
market, and should have no influence .on
our opening.
WARE &~LELAMD’S DAILY
. DAILY MARKET LETTER,
B ew York, July 18.—While It woe goner-
expected a clear weather map would
follow the area of high pressure moving In
from the South Atlantic coaet region, the
morning weather map showed heavy rains
In sections of Georgia and points east of
the river. At msny places In Georgia be-
.ot considered favorable and shorts were
nollned to buy In cotton sold on the decline
yesterday. Tuls buying led to a rally of
6 points after the opening and the volume
of cotton for sale was not such as to weigh
upon the market. Liverpool met the local
decline, but later recovered, as shorts cov
ered there. While figures on the crop con
dltton were hardly as bullish ns had beer
i expected, there la still an underlying feel
ing that the coming report on August 3
will compare rather unfavorably with the
high figures of two years ego, and for this
reason there Is no general disposition to.
look fr a radical change in the market, .ns
the coming six or eight weeks are of course
the most critical ones In the entire growing
season. A large crop Is needed for next
year, and until that Is assured operators
will be rnther cautions about over-extending
their Interests on the short side when any
damage to the crop would bring about a
sharp advance. It is likely to continue a
'ping market.
..ew York, July 18.—Pressure waa
put upon the stock market early this
morning, soon after the opening, and
the professalonal crowd off and on the
floor quickly offered down prices, many
being short at lower levels, but the ma
jority deeming a short turn probable
after the elimination of shortage by the
advance. The market declined, accord
ing to wiseacres, because of the dis
turbances In Russia, which weakened
foreign markets, and also because of
black rust reported, which we think
exaggerated. The money situation
continues to be put in better shape, and
patience will probably well reward the
traders who are courageous enough to
buy when the market looks weak dur
ing these reactionary tendencies, which
should be frequent owing to the high
ly professional state existing. The beat
Information Is that this Is a period of
re-adjustment and digestion, ana when
It shall have been accomplished there
will be a broad market at higher levels.
We think the trading position in the
meantime the best but with a prefer
ence for the long side for turns at least
during the hammering by the board
element — “
a time.
Conservatism Is advisable for
York. Ju|y M.-Durlne the first part
aw-1 . M> »slm. Trading was quirt, with
fen.'
» 8mi, eaneetally In th* sear poal-
1 rh» market was supported by apeo-
. ut-rests, and there wee evidence
■on.l.l-rnhle manipulation. The high
pml-im Of Keptetnber over the other port-
sttrncted attention, as September le
a new crop month. It wse re-
E!" 1 that. . Tessa shipper hie already
""e-l freight room for 10,000 barrels to
Jin« Vt*. September, and anys he
nn f.ml.h n all sliout 15.900 barrels. There
E.* .* ,m *H export hssinees. Prices at
“* «*«et were He lowsr to He bl*her.
Opening
• Close.
*-p,ember..".”. ** ** <
October..
** ** **
^w-*! etendy.’ ' "
WARE * L «FrEE LETTER
JS , m y AS» p1L75S
?ept October. No eelee were reported
on the cell, end bmdnee* continued nt
preetlcally n etandetlll with the
notions of consequence up to mlddiy nn
exchnnse of 2.M0 bnge of December for
March et 25 points. Tbe market remain*
e<l at about the Initial level all the morn
ing. and tbla waa contddrrod a pretty good
abowlnx In Tlew of the tower cables and
Increasing receipts. Harrs^declined en*
other He. making a loss of about %c for tne
pest few deys. end Hamburg waa He lower
when some a'lebt gain tthould tare been
reDortnl on the New York close or yes
terdny. No private cables were retwfred
SSra abroad, but the Ksropesn trade If
evidently agalnet the mnrket on the uauid
Influence of Incresslng receipts st taia
time of year, ■ light demand for contumm
tinn and the desire to aee a market on
which to buy In Brasil. There wui noth-
ns In the Brasilian news to en«ourage
,uylng her* In the face of disappointing
European calilea. Rio was unctans<ul. and
K'-bul Ki‘"d^.W
S P ^m.t t «.^ , 'ln.rVi,r’7nn»y
rSSSots were 41,000, sgainst 33,000 last year,
irnl Ban Paolo receipts. at reportejl by the
Inter rabies, wrj,
885 laat yesr. Ware noose aeilveri«i st
New York Yesterday wers bags,
against 11.045 last yesr.—Ware * Ireland.
"Pillowing I. Siren the ppenlm
qnotntlons of the New
today:
January...
February..
March. .
Jone -
Joly
August....
Noveml
In*t.. i
•mt»er..
..6.86-6.90
, .6.90-7.00
, .6.264.30
...6.304.31
. .6.364.46
..6404.66
GIBERT & CLAY
** ALABAMA *T.
ATLANTA. OA
COFFEE. PROVISION*
MEMBER*: |CM „-o Board of Trade.
. luven-ool CMtao Aasoriatlou
(.jtialTestou Cottoo Lx change.
L «««l and Long DieUnei Telephone'5295. ^ R - FAGAN, Mnnnger.
Stock Exchenge IN*w Crl-nn, Cotton Pj^tanc-
K Tork Cotton Excbanjc .Veer Orica. *t k I.trh.ofC.,uren^
*'» lork Coffee Kxch.uie Xew Otl-ani 11-wrd of lmde.,i.aire».
FLOOR IRAOERS
SELLING STOCKS
Caused Decline and Uneasi
ness at the First
Hour.
LONDON AGAIN SELLER
Credited With Selling 20,000
Shares on Balance Help
ed Force Reaction.
By rrivnto Leased Wire.
New York, July 18 Heaviness In
foreign markets, due mainly to the
unsettlement at Russian affairs, was
the principal factor in our stock ex
change dealings today. The refusal of
th esar, as outlined In the morning
dispatches, to accept a policy of com
promise which w ou ’d conciliate the
powerful element* of opposition to the
present government was regarded as
very serious on all the European
bourses. Russian bonds broke very
sharply, and In the uncertain state of
London's finances thl* was enough to
cause a decline In all other depart
ments. American stocks were' down
less, than the average, but the slight
losses reported over the cable Influ
enced more than anything else the
opening here. Prices starting lower,
fell off In all a point or thereabouts
for the active Issues, and then ceased
to move at all. Stocks seemed to be
offered freely enough when bid for, but
were not forthcoming In any quantity
on the decline. After the first hour
trading was extremely dull.
The stock market opened under some
pressure, which resulted In declines arer
aging from H6HC throughout virtually the
whole list. Trading at the outsat was rath
er actlre In the more prominent railroad
and Industrial shares. After the opening
trading, the market becams duller and
was still beavy.
Tbe movement during the Drat hour was
disappointing to those who turned to the
bull side yesterday. The room started In
selling stocks nt the opening, and de
clines that resulted cabled an unenslnesa In
many quarters and Induced moderate li
quidation of speculstlrs account. London
•old 20,000 shares on balance, *ud Helped
force a reaction.
Governments unchanged.
Other bonds quiet sod steady.
LONDON STOCK MARKET.
STOCK—
Anaconda
Atchison
Chic., Mil. and St. Paul..
Erie
do, preferred
Illinois Central ...
Louisville and Nasbvllls...
New York Central. , .....
I’eoDsylranl* • •• ..
Heading
Southern Pacific.. . .. . ..
Union Pacific .. ,
United States Steel. , . .
do, prof
102H
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit an*
Produce exchange.
Lemons 35.10 to 35.50.
Limes 50 to 75c.
Peaches, per crate. 31 to 3160.
Pineapple. « to 32.50. „ .
Bansnas. straights, ie— bnnch_31.60 to
11.76. Culls, par bunco, tl to tl.36.
Watermelons, 37.60 to 320.00 par 100; d*.
“ouPtuYLAND COUNTRY PRODUCE,--
Llv® hens 31 to *7Hc: fries ISM to 1
hroHers 16 to 22Hc. live ducks, Peiln
to 36c; puddle » to 2?ttc.
Dressed hens, per lb., 12c to 13c.
”— — -‘—a, 16 to 16e.
per Il>£ 30 to 22Hc; cook*
lb.; Id 1-lb. racke 10
% table, per 1
ifi P«r lb., 13He to
Hooey—New itflOe
VEGETABLES.— Irish potatoes. :
stock 34 barren No. 2 stock 32.50.
Tomatoes, per crate, 31 to $1.60.
Corn, new, 10 to 12H* per dosea.
okra, per crate, 31 to 31.50.
Old Irish potatoes, per buihrl, 3Lf>.
Blackberries 10 to i
Dewberries 10 to lnsc quart.
FLOUR. GRAIN. PROVISIONS.
FLOUR.—Postels Elegant 30.10; Diamond
patent 35.76; fancy patent 34.86; bait patent
34.10 to 34.K: uesy 33.00; spring wbest
patent 36.26 to 55.TL'
** COUNT—Choice red cob 78e; No.,1 white
?4c; No. 2 yellow 73c; mixed 21c.
OATS—Choice white clipped. He; choice
; choice mixed, 40c; Texas rust
lain water xn
140-lb. Intes,
e, 31.40: jneol
_por* bran, 3t.2-i; mixed oran, 31.1*.
no!- 2
SUGAR.-Standara granulated 6c. Nsw
York Hcfineil 4H to 4H; pUnUtloos 4H to
Arbnekle’s 316.60;
talk. In-tags or barrels, 13%c; grass 10 to
13c. Market weak.
RICE.—Carolina 4M to 7H<. according to
rsde. Market very strong.
CHEESE—Fancy loll cream dairy, 14Hc;
Tins 14c: brick, 14c. Market strong
PROVISIONS.—bnpreuie hams lie. Dors
tarns ISHC. Csllfornl* hams MHc; Red Cross
tarns Uc. Dry salt extra ribs too); belli**
395 lb*. 19.71; fat hacks OH; plates 8H.
uprems lard IV Bed Cross 19c. Snow
Drift compound TH- Red Cross TH.
1®
STOCKS AND BONDS.
• Bid. Asked.
Georgia 4H*. 1*15 112 ><*
Georgia, It. IL <», 1*10 105
Karsnnah 6s. l>:0 1«H
Mai.ni <s. 1*10 10*
Atlanta. 6s. 1*U 105
inta and West Point......... 1C
jnta and West Point Debt*. 197
C. K. of OMwala first Income
do. ecorrad income.;............ M
do. tMn) IncoQH* 66
Georgia M
Ancusta and Savannah.. 116
Jtoatbwaatrrn 116
* Georgia 1 "stifle lute 120
C\, C. uB'l A. 1st 112
RANGE OF NEW YORK STOCK MARKET
SB
Aumlc’i
T^r
iP«r..
. _ - . - 1 Popp
Atlanllo Coast IJn
Ainprlcau Su*;»r Helloing
An.-’t-ii.lii
Ann-: l- , «n l.i-'<-iiu>th ••
do prrfjrrad
American Smelting lteflatng
do preferred
Atchison
do preferred
American Cotton Oil.
ltaltlmoro nud Ohio........
Brooklyn ltnpM Transit
Canadian Pacific
Chicago nud Northweatern
Chosapcnko and Ohio
Colorado Fuel and Iron..........
Central Leather..
do proferrod......
Chicago ami Great Western
Chicago, MSlwenkeo and 8t, Paul
Delaware and Hu.Hon
Distiller's Securltloe
Erie
do
General Bloc trie....
Illinois Central
American Ice Securities
LouHvIilo and Naahvlllo
Mexican Central...........
Missouri Pacific...*
New York, Ontario and Western
National Lend
Northern Pacific
New York Central...
Norfolk and Western
Pennsylvania i
People's Gas
Pressed Btcel Cut.
* do. nreferred
Pacific Mail..:,..
Heading
Republic Stool
Itock Island
do. preferred...
United States Bnbber
do. preferred
Southern Pacific
Southern Uallwny
do. preferred.
Slots-Sbefffeld
Tennessee Coal and Iron
Texas and Pacific
Union Pacific
United fltatea Steel...*.....
do. preferred.....
Vlrglnla-Carollua Chemical
do. preferred
Western Union
Wabash
do. preferred......,,
Wisconsin Centre) *
do. preferred.........
Total stock sales today, 414,700 shares.
RANGE OF THE. COTTON MARKET
AT NEW YORK.
Th, following Is tho range In cotton
utures In Nsw York tn-tav:
Last _ Previous
Open. Hlsh. Low. Hals Clou*. Gloss.
July ..W.26 10.25 10.10 10.22 10.22-23 10.26-27
Aug ..10.K 10.30 10.29 10.27. 10.29-8 10.30-31
wt
io.49 iOM 10.48 10-60
r ..... IU.D1-W IV-D.-O.
Mi'll '..10.69 10.83 10.69 10.61 10.60-61 10.62-03
Closed steady.
AT NEW ORLEANS.
Tho following Is tbs rnngo In cotton
futures In Nsw Orleans today;
„ ... . tall Previous
Open. High. Low. Hole. Clous. Clime.
July ..11.20 lt.M ll.r
Aug. ..10.79 10.82 10.'
Hop .,10.60 10.60 10.1
Gel. ..10.35 10.40 10.33 10.30 10.1
H :i&8 ISiS'lSS ff
Mch llto.M iolti iolia loin ISS
Closed barely steady.
10.60 10.61-63 10.6143
TIPS FLASHED
From Wall Street
Prlvsts Wire to Glbert A Cloy.
New York, Joly 18.—Daniel Odell & Co..
"Whlls the genoral tendency of tbs mar
ket Is still upward, It would not surprise
ns to witness a softness temporarily, ow
ing to the teehnlesl position of some lead
ng Issues, and ws would not nsglect (raf
ts; although rseommrndlng the purchase
of standard Issues when reactionary for
turns, st least, during tbe maintenance of
the trading position of waiting hopefully
for sit August rise."
Harshell, Hpader A Co.: "We do not ex
pect to see the list follow any downward
novemsnt of apeelaltlss, mil prefer huy
Ing the best storks on auch declines n_mar
tsk* place today end ton
• may
Bgitl-
stock 1 market. The professional Intaresta
arc still bearish sad maintain that prices
will reach a new low iaysl on the next de
cline, which they expect will begin noon.
Not g few banking Intereato are of tho
opinion that the low prices for some time
lavs been reaebsd, and that there will be
mprovement on the whole from this time
ou. No one seems to look for an active
market within the next few weeks. It Is
generally expected that prices will dsellne
rrnm the most recent recovery, and that
this decline may etsrt even today.
The Illinois Central Railroad Company
has declared a regular seml-annaal dividend
of !H per cent. Thin entabllsbej tht itoek
on a full 7 per cent basis. For several
periods hark the declaration baa been f per
cent and H of 1 per cent extra.
Jrrogwar
market for the balance of the wtsk. Do
not look for Increased activity, howsvsr,
ml prefer ehort ekteon beiges . .
Consols Hd off st (7H for money In Lon-
l0 At I p. m., silver unchanged at *>Hd per
0I Rentea unchanged at 07 franca II cen
times at 3 p. m.
New York's Indebtedness to ont-of-town
hank* smaller than last rear sad out
ward movement for eropa, therefere, should
'"president Johnaon'a Mtlmste of Norfolk
earnings for past yesr shows 10 per cent on
ths stock.
Judg, Garry nays cautioned, prosperity
for steel trade. ....
Good demand for stacks la loan crowd. ,
II. II. Itogsra and William Rockefeller
withdraw from Mntnsl Ufs trnsN-e*.
Forty roads for first week of July show
sn average gross Increase nf 13.M per cent.
Ixmdon expects New Yovk to seeura mors
t dll from Month African arrivals next Mon-
'Arrive Indnstrisla, advanced M per cent.
Twenty aetlr, railroad* advanced JO per
at
Rains Heavy and Unfavorable.
New Orleans, July 18.—Haveraham
King says: "There have been heavy
end unfavorable ralna In the Atlantic
atatet and Alabama, Intensifying the
already too wet condltlono, while gen
eral showers bars occurred elsewhere
over tbe belt, so that clear weather la
much needed to enable farmers to -lay
by' and clan off groan In tho northern
half of the belt. The Irregular barom
etrical pressure* which attended thla
wet apell 1* disappearing, a high pres
sure area, though but normal, covers
th* middle portion of th* United States
and Is pressing th* -low- off via New
England, being followed by a -high' on
th* Pacific coast, which Indicates to
me clearing weather In th* next two
days."
WEEKLY REPORT
WAS NOT BULLISH
New York, July II.—The Ban urn "The
reports by the gnrernment end K. M. Giles
fell practically flat, and then wse enough
liquidation to cause some decline. The
gorernment report. If not pronouncedly
bearish, waa lean Dullish than many tad
expected. Only In certain places was
the precipitation cxresalr*. Texas got too
much rein, bnt the central countlr, of tbs
territories were lieoeflted by th* precipita
tion, breaking th* drought In thorn aee-
tlons, and th* aam* was true of Arkansas
Th* Gllet report shows s decrease In con
dition within about two watks of ..4 of 1
per cent, and within * month of .8 of 1
1 per cent. On th* other hand, It Is 0.1 per
cent higher than a year ago; and within 6
per cent of tbe condition on Jnly II, 1104,
tho year when the high record crop was
made. Bulla wore unable to make much
capital out of this, although they think
that It points pretty clearly to s bullish
J orernraent report In August. The July enn-
Itlon, as given In the July report nf the
irnment, was 13.3 per cent, and It Is
led by the bellerera In tatter prices
It has fallen to something below S3,
whereas two years ago tta August condi
tion, sa stated liy th* burasti, was *1.9 per
cent. If the Angus! condition this yesr
Is, say. (3. It-would he *.* per cent below
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware A I.eland
t'hleago, July 18—t'roerd b
wheat, hut bo outside help. .
to bo bullish, but weight of actual wheat
on marxst.
t’hleago, Joly 18-Inter Gees a: fash hurt-
ness In wheat In Chicago Tuesday was 1WV
000, mostly No. J hard to Eastern inllters.
Males of corn were 175,000 bushels, ana
•old ''ts.nqp*' l, n iiiele' 1 *whM t^hroart.
land did not appear to be aa active,
.9 eonto btialuaaa doing all tho time
that does not show up.
Charters ware mails for M6.000 bushel*
corn at l%e to Buffalo. July dellvariss yet-
tentay war* 65,000 bushels wheat. 130,000
• am In th«
- .. _ fciri wiate
rhfftt that weighs 60 to 64 pounds, nm
rnlcfi mr‘— p ‘— ‘ “
•oathw sst tmjltig the tin* No. t I
I* tta
rr r#*n
Phils d el phis spot In'terest. Wer. bidding
for August, and brokers,, supposed to ta
•presenting Pries Interests, wsr* large
nyera of January for a lime, bnt Thee.
. rice la believed to have sold later nn. In
any ease, tbero was enough liquidation to
cause s moderate decline.’ -Gltart A Clay.
New Orleans, July ll.-Testerdiy'a col
on market rsfieetsd some llttl* dlwppolnt-
' id “*— r -
ng I ....
crop damage and the
off in consoquFtirF. V
retopments coming to th* j
rnther trying situation, tendency la ont of
ton appeara to ta romiiing oilman eiper.
tatlnns, whlls the new crop seems to ta
K ttlng along nicely enough. Therefor*.
e effort* of th* boll and bear to alda-
track th* real lasue* are encountering grave
difficulties. Tbe broader problems ioTolvsd
In tbe great question srs.fsr too clearly
defined to afford ssf* biding ground for
the Illogical reaaoner, and It Is bow quite
evident that speculative Incentive la not
to ta trumped up by false prophet* with
the eaa* of other year*. PaMIe opinion will
shops Itself la good time.—Ware A Lelsnd.
ncr, ar* slso lu
cable said; "Wheat fluctuat
ing and uncertain. The weather In lluasla
i rather tatter, hut, on the other hand.
9e yields In Hungary ar* less than expect-
d. Corn firm, with * tatter demand?
Kumler. llL says: "Early oats ar* *11 In
10 shock. Estimate osts shout two-thirds
f * crop. Usd an Inch and * half of rain
Hiraday.
i'fnrrlus, the Nsw York exporter, wired;
'Four weeks ago the nnlla hail the Italian
crops killed, which turned out well. Now
Ibey work Mouth Russia. In the meantime,
w* ssporfers sit Idle, not rocstvlng orders
nor markets.”
Gala arc threshing 3* to 10 In Central Il
linois. This la five to ten bushels under laat
year, In welxht they ar* four to five pounds
par buahel fee* than the crop last year.
A crop expert, hark from a trip through
"ilaho, Oregon and Wnehlnstnn, ssysi
Wheat la looking lino everywhere, cutting
began In Washington the first of laat week.
All crop*, caper-tally wheat, will be record
breaker* In three atate* named. Slopped
? t a couple of points lu North Dakota and
nnnd * wonderful promise. Do not think
present eondttkma could ta Improved upon."
1-rlvste Wire to GltarT* Ctay.
Chicago, July 18.—While ntir market de
clined ,nrer a cent yesterday and cloaod
weak at tho bottom, calilea today rouie
about unchanged. Th(» will no doubt can**
short covering on the opening at some ml-
vanco In price*. Would certainty sell long
wheat on any hard apot and nt tho same
time taka tta abort elite moderately.
For corn th* weather la getting hotter.
Farmers ar* selling sparingly, and expect
under way and some offer
ings of new crop are made dally.
Thera appesre to b* good hedging, lawks
llko^ some r*lly. y
arc ."fair root 'reports "from'
that mlsht cause anxiety. If wramer con
ditions wars not perfect, but It Is cool and
pleasant, and mat will not spread under
thee* conditions.” „ .. _ .
Provisions strong on light offerings and
buying by local crowd. Roleson taught
largely. Balling scattered.
STOCKS REVIEWED
BY NEW YORK SUN
New York, July 19.—The Bun ssya; "Tht
advancing tendency In tbe market contin
ued to exert Its Influence; and. save for
the diminishing Interest In speculation, the
course of tho market throughout th* day
was practically a duplicate of that of Mon
day. Opening prices for stocks showed that
no desire to take profits on the part of
recent buyers was aetlug aa a depressing
factor and quotation! rose steadily until
th* afternoon boors nf the session begin.
Then price* reacted a llttl* hit, and the
market remained almost st n standstill nn
til tha close of bnalness. Nearly all the
acllrs stocks made final nst gains of *
point or more. Amalgamated Copper etock
was. is It has been for s long time, ths
leader nf the market, and many more
prophets wart found -willing to ta placed
nn record* aa declaring that tha quarterly
dividend of Amalgamated Copper win ta
ordered to be said by the .directors of lb*
rmapany Thursday, and Will he at a higher
rata than at present •atahllshtd. Concern
ing thla matter, there are only one of tw*
men allv* able to apeak with anything at
all resembling certainty, and they naturally
art keeping qulat, «v#n If theyAiava arrived
In thatr own minds at a determination of
the heat course for th# company to pursue.
In gsnarsl the power opsrallng for an ad
vance In prices In yesterday's msrkot, aa
It has lieen line* the close nf laat week,
a decidedly much mors hopefol feeling In
tha financial community regarding the
mousy situation."—Gltart A clay.
*
Crops ProBrssssd In Juns.
Washington, July 18.—Th* foralgn
crop report of ths agricultural depart
ment today say* that during June
In moat countries of Europa hkva.
■ fair aeasonabl* progress. In few
countrlss, however, weather conditions
have been ell that could be deelred.
CABLES HIGHER!
Had a Stimulating Effect on
tbo Market at tho
Opening.
WHEAT WAS STRONG
.. (
Wheat Opened Fully Half
Cent Higher, While Corn
Waa an Eighth Up.
By rrirate Leased wire.
Chicago, July II.—Higher cnblss on
both wheat and com and the heavy 1
buying by shorts of both carnal*, hud
n stimulating Influence on tbe market
at the opening. Wheat opened fully
1-2 higher end corn 1-8 higher.
The wheat market atarted out etrong
today, prloea advancing over a <cnt
from yaeterday'a cloae, but at the.*
figure* the market met good celling
order* and loet one-half of Its advance.
The early strength woe caused chiefly
by black rust reports from the North
west and eteady Liverpool markets, this
showing only a fraction decline egeltiet
our ane-cent loss yesterday. The buy
ing has been quite general, nearly nil
the leading commission houses being
on that side. Some of th* local bull*
who sold yesterday have reinstated
their lines.
Tho market for com ruled dull, but
steady. Commission house* ware the
best- sellers serly, but th* latter hava
been buying and locals have been buy
ing on the wheat strength. - Weather
conditions are very favorable, while re
ceipts run smalt and acceptances light.
Cosh demand only fair.
CHICAGO GRAIN MARKET.
WHEAT-"■
i§E 1
Xllfb. Low. Cloae. Cloae.
llli
ll« i«t S;
I lit* 62*
"g'ath— **
July...,
Hept...
"uonit-'
£::: W £& 81* 81
LARD—
'J2 £» 2S
•ft Mg S3 3%
13.00
- it i
I7H tl.*
iS'/tv. i’.oi m •:<* I”
Old,... 9.19 l.lltt 9.(6 9.19
Cl; if a if
CAltn WHgAT-
8 hard 2
Wheat
Corn ..
Oat#
Hog# ..
Wheat o|wn«t to Cr lower; 1.9
IV" to Me lower; rloood tmcfcaogpii
higher.
Corn opened onrhangM: 1:99 p.m
changed; cloeed uin-hanged.
PRIMARY MOVEMENT.
Tht following figure* show the pr
f.W) huehel# laat year; eblpment*
__,000 bushel*, agnluat 437/"“) bu*h-
—t rear.
Corn— ili*rHpta tndsr, 410,000 l)unh<‘l*.
agslrrst 4.77.0CO Iniihels ln-t y*-or; nhinmonts
t'-Jay, 768,000 bushels, ogalutt 450,000 bUHh-le
teat year.
NORTHWEST CARS,
i • tt I'.g M. •• -4 the northwest
car# today, U*t week and last year:
U" I.«*t
Today, week. Yt*ar.
Mlnoeapolle. . , . . . ,...163 118 M
Duluth 40 23 2
SOUTHERN EXCHANGE
Oldest Established Office South.
CO non STOWS • BONDS GRAIN
around Floor Oould Building. Dally
-market letter and market manual
mailed on application.
L.J. ANDERSON*CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
ncrcnCNCE. the ncal bank
PHONE 1417. PRUDENTIAL BLOG
g» Vert. Onetn.
ware: a leland
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
2 Will SI.. Mm l.ildlei. Allillt. Ct.
muons.
In r„» Call#, fiei.i.f- £UiIttrd .1 Tnit.
S—, Orfrio Collo. f Chi.... Start firli.,>.
- * “ —* “ - lew Fort C§ttn iifwtyx
Ll*trpoof Cottoa Attodtlio
Pruitt w:
Id
Stsnhrd rhtnt 29$.
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.
Frank nawkloa, Pr.ridrnt.
H. M. Atklnaon, Y. P. TaqaHaC. Erwin. A«*L Caahler.
Joseph A. MeiJerd, Caalder. H. W. Byers, Aaat. Caahler
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Pr. A. W. Cal boil n.
DIRECTORS:
Frank flawktni.
II. If. Atkin too.
Joseph A. McCord.
K. II. ItoMr.
Darid Woddward.
WM. U PERU I’r«*»ld*nt.
HODT. V. MADDOX. Y1<^-Pm
TUOfl. J. PEEPLES. Caahler.
JAS. O. LESTER. Aas't Caahii
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNT# INI VI TEC
. $200,090.00
$500,000.00
\\ i- iin iti- ;i< i-i in ii I- nf in-lit i<lnal~. «- tj >■ >r;t t i< ms. luniks
and bankers nnd offer the best terms consistent with
conservative banking.
In our Saving# Deportment vro allow Interest at tl.o Rate of 3 1*2 per
cant. Compounded Semi-Annually.