The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 18, 1906, Image 11

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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.