The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 20, 1906, Image 11
TILE ATLANTA GEORGIAN.
EDITED BY
JOSEPH B. LIVELY
( THE GEORGIAN’S RECORD OF MARKETS AND. FINANCE j
tb«* Mouth hn
ognlted authority lu hit specialty.
HOLD VERY STEADY
Liverpool Advices Were Un
expectedly Strong at
theOpening.
DUE TO WET WEATHER
Trading More Active and
Fluctuations Covered
Wider Range.
a, Trieste I/twl Wire.
y,w York, July 1#.-Tb# early advance of
■evera! polnta In cotton tbla morning w»»
-rilled to Armor coble* than expected and
former rnlna In tb* eaatern belt Commla-
•Ion hnuie trade woe moderate and chief
ly In for month*. New Orleana waa np T
point* on July and 4 to « polnta hlfher
°Tbe r market for cotton optlona In New
York opened- quiet and ateady thla morning,
bnt on nome good buying and blda for
Ma lot* Of the new crop month* an a*
nice waa *oon under way, being maintained
*p till midday on short, covering.
Liverpool wa* Armer than expected and a
natlnnanee of wet weather waa reported
S the eastern belt were Influence* con-
trllintlnx to the moraine strength.
diluting to the moralnf strength.
It In the opinion of some of the people
Who mlae cotton and clone obaerrera of
condition* during previous seasons that
little damage ha* resulted from the present
*On?of the former says: "It mnat he re
membered that midsummer rain* do not
much damage to a small plant as to
week* of hotter weather follow* tne rain,
■ad on Intelligent effort Is made to dean
the Aeldn. July rains do a Small plant a
world of good. At this time of the year there
complaint* of a small plant In the
Motem part of the belt In the record break-
lag noawn. If Georgia and North Caroltr
Georgia and North Carolina
ret nome aunahlne now, tha field* will be
denned nil right."
ry Jt I .
. wet July. Thla la what we ere haring.
From the adrlcea which I receive from
reliable mnrcoa all orer the Booth the
condition of the crop le exceptionally prom-
l.ltii with the possible exception of some
low landa In the eaatern belt. South Texan
la almnt two weeka early. I consider the
general condition at thla. time 15 to 20
per cent better than laat year, and the
acreage la larger than «
dat a proapeeta could be need ae
for eatlmaflng. I ehould eay that the prom-
iae la for a crop of 11,000,1X10
■■ ki
NEWS AND GOSSIP
Of the Fleecy Staple.
Prlrate Wire' to Ware ft Leland.
•* -Liverpool future*
At 12:15
New York. July 11-
opened steady and unchnugecl.
“••ojohanged to 1 up; quiet lint ataady.
ilea 5,000. spota 1 op at 5:11. line to com*
■out unchanged.
Parrott bidding for 10.fi for 10,009 Octo
ber.
Mitchell and Henman good bnyera.
iiiiS. tto ?. inlat »»d ateady. Trad*
SjlKtfc Conmlaalon houaea hongbt a little.
Heather map atilt Indicate* too much ra n
i. ■**** Indlcatea too much rata
in Atlantic state* Look for quiet, ateady
market, with unimportant price change*
Think can be bought on any little de-.
B- Wllaon bought 5,000 December at 10.61
New Orleans, July U.-Urarpool caldet
f*• favorable. They were dne unchange,
to 2 down on New orleana, and unchanged
to 1 point down on New York
Berr offered to aelj 10,000 October and buy
_ December at 2 polnta.
Future* are rery ateady on weather con-
dltloaa which ahow title change or llttl#
promise of change during the next twenty-
four hour*.
Spot men ar* hoping for an advance In
July ao that they can aell against stud that
they want to leader.
Spot* are In fair supply, hot moderate
demand. Almoat nothing has been done.
Prlrate Wire to, Gltot ft Clay.
New York. July 18,-Norden oflered 10,000
October 7 polnta under December.
The Journal of Commerce ear*: "Buy
Inc Is proceeding legitimately, with eTery
Indication of full column of guola being
taken aa the aeason progreaan. The out
look la quite dltferent from that of but
year at thla time, the main feature being
that money Is not ao easy for rommercla
purpose*, and there being a rery genera
Idea preralent now that good* enough wl I
be bad to go around when they nr# want
ed. Lest year. It will he recalled, It i
luwmulug apparent at thla time that „
acurdty waa poulble, and whlla that
ecarrlty did hot derelop In many tin.
there were aubatltutn In plenty, and t__
distribution of merchandlae waa not batt
ed a great deal."
causing the Improrement
narrow, with no new development*. The
weather Is stilt wet orer portion* of the
belt.
Our traveling man wire* from BetrlMe,
Tex.: "Itlchmond, Wharton, Victoria, Dae-
rllte, splendid crop. South Trxii will make
X l>er cent more than laat yaafj crop al
ready made In thla aectlon; no boll weerl.
Picking general with good weather; f
large movement In August’’
The cistern forecast Indicate* pari
cloudy weather with occasional tbowera I
all aectlona.
The weatern forecast Indicates partly
cloudy weather tonight for Louisiana, and
scattered showers tomorrow. For Arkan
• - - - - - T(
aaa and the territoriea and southern Tex
as, partly cloudy weather tnhtght and Fri
day. Showers for northern Texas
MOVEMENT COVERS
A NARROW RANGE
New York. July 19.—The Snn aaya
known fact that the best
poitri people, both producer and expert
statistician, know rery little about what
a crop will be from the site of .the plant.
number of bloom* or holla until
Is out of danger at -both end* of
eon.
SPOT con ON MARKET.
Atlsnta-Rteadf. lie.
Now York—Qnlet. lie: aalea 109.
Now Orloans—Quiet and ateady, lie; i
Urorpool-FIrm, ftlld.
Auputa—Steady. HHc.
St. Lonis-Stcady, Ue.
Strannah—Steady, 1044c.
LIVERPOOL COTTON MARKET.
Liverpool, July 19. 12:15 p. m.—Cotton.
Solos 6.000;
Futures opened
M
speculation
quiet an
nptnlof
«nd steady.
to s.sr-
to-Augnst.. . .,.6.81-5.83
i. tn
.-Oct..
Oct.-NoT.. .... „., w .
Not,I*ao S.ff-6.65 R.«8-5.«7 fi.R3-5.ftt
jw.-Jan.. . .. . ..6.64 5.88-5.87 5.63-5.84
Jin. Feb .'.MB R.«7-*.68 6.84-5.65
pb.-March 6.89 B.ftft
kin'll. April. . . .1.(9 5.71 6.58
J “—
Sowd firm.
TODAY'S PORT RECEIPTS
The following tnble shows receipts st the
»ert« today compared with the same day
■•t year:
Jwffnlk
Pensacola
88
&
interior movement.
Houston
Augusts
Mpnjphls ... ...
Dmla
tlnrlnnatl
Total ...
1171
Ti
•POT COTTON MARKET.
Galveston, July 19.—Cotton firm; mld-
!*■• 11; net receipts 249; gross J49;
•ale* none; stock 19,625; *«le* 651; ex
hort const wise 16*.
Savannah, July 19.—Cotton steady;
middling 19 2-4; net receipt* 1.06S;
srn.t 2.458; aalea 27: stock 11,598; ex
hort and coastwise 499.
Boston, July 19.—Cotton steady;
middling n; net receipt* none; groae
sa le* none: stock none; export* to
Gfrat Britain SS.
Houston, July ll.—Cotton steady;
middling ll; net receipt* 115; groaa
1« lM** 1 ** 2i<; • h| Pn>«nU none: atock
Augusta. July if.—Cotton steady;
middling a i.»; net recelpU 25; gross
‘'i: sale* 471; ahipmenta none; atock
-.^toiphls, July l».—Cotton qulat:
middling to 7-S; net receipts 10; groaa
l (| ’,. , *l*» 471; shipments 400; stock
»5j„ LouI % toy It.—Cotton ateady;
middling 1015-J6; net recelpU 11;
433; aalea 622: atock 86,664.
-Pp'linatt. July ll.—Cotton—nat ra-
ipta i58; groaa jgg; .ales none; ahlp-
m «it* nona; atock 6,957.
"I’ricri declined slightly. By tnraa they
advanced and declined, hat tne movement
waa within very narrow bounds A good
many are disposed to take a bearish view
of the situation. Crop estimates of 12,250,-
000 to 12,000,000 bales, although It Is early
lu the season to Issue estimates, do not
strike them as being too large. Very many
sre of a vary favorable character. Even
the heavy rains In the eastern belt are
considered, beneficial. They Insist that the
is in
itidered beneficial. They Insist that tl
yield in Texas will be* equal to the hli._
record ope of 1900, and that the conditions
In the Mississippi valley are distinctly
promising. They contend that a dry June
... They conten_ —. .. ____
and n wet Ju!^ usually par© tbe^ way for
s big crop. This sort of talk undoubtedly
has a certain Influence. Yet it was not
igh to offset the indisputable feet that
alse of the crop cannot be determined
AlCulVOll »* *» M 99 99 »*
Canadian Pacific
Chicago, Mil. * St. Paul..
Erie
do preferred
Illinois Central
Louisville A Nashville ......
“ew York Central
ennaylyanla .. .. *9 .. ..
nestling 9# *.
Southern Pacific
Union Pacific
United Mates Meet
preferred
weather during the next mouth or alx
weeks. A Mg consumption demands a big
crop, and no one, not even the <—
gulne bear* questions the fact that
consumption during the coming year la ..
lng to be rery large. But while jpme of
the bears themselves concede thta.
Insist that the visible and invisible
tie sufficiently targe to meet their require
ments. Very few, however, are disposed
to take the aggfrsalve on the short aide
any more than they
and there waa a cloudburst In Southern
Texas. Bulls Insist that these cannot he
regarded as beneficial. Local ahorta in
many cases covered and Liverpool continued
to send buying orders. The attitude of the
__ 1 Men may dogmatise almnt thla
or that, hut the fact remains that nine out
of ten are more disposed to watch devel
WARE & LELAND’S
DAILY COTTON LETTER*
neh to over two Inches In many Places, and
is the weather map failed to bold out honei
if generally c.eanng weather, aborts be
came more or leas nervous. On the rite,
bought at fewer prices, lint the buying*
waa persistent and carried prices back to
the high level of the week. There waa a
S eneral feeling that the exceaaire rainfall
urlng tne laat few weeka will lead to a
crop deterioration In the August figures,
and thla prevented very much ahort selling.
In fact, some are beginning to get uneasy
over the continued downpour In
the comparison with 1904, the. Urge crop
iar. would be such aa to prevent very
uch of a decline In prlcea. unleaa clear-
year, would
much of a d—— ^ —-----
lng weather comes very aoon the aborts
moat certain to result. The
majority are still against the market,
but prlcea continue to creep up and It will
require very satisfactory conditions to start
another reaction. The undertone aeema to
gain In strength.
GIBERT A CLAY’S DAILY
COTTON LETTER
New Orleana, Jol/ l*.-Llrerpool cloaeit
rerr 6rm at an advance of from .
point, while epot tranaartlone were etc
hr melntelned at 6,909 iHtlea, 1 point
The Improrement tn options wee caused
complaints of exeeoetre moisture tn the
Boutnera
states, end slen reports of tome
Urerpool, together with a eon-
1 wet weather, was largaty re-
_____ ,_r th’e advance on the opening
of the local market. Prices showed a fur-
ther Improrement when the more unstable
short dement began to cover end room
traders were operating on the long aide for
a torn. Our crop adrlcea tmtay from the
Interior have been, on the whole, favorable,
some localities complaining of too much
rain, end resulting deterioration, while
others, notably Mississippi. Indicate that
the good ralus of the past faw days barn
been* rery beneficial to the growing crop,
nnd thet the plant bae made generally rery
eatlefsctory progreee during the week.
Florida and tojelana alto report the crop
In normal condition^ with Mttlo If an^ d
age from tne excessive mw«ur»*. while both
hy the resent rainy apell*.
GIBERT & CLAY
1 *• ALABAMA BT.
BONOS.
COTTON. GRAIN.
COFFEE. PROVISION*
ATLANTA. OA.
J®? Stock Exchange’Sew Or Vans Cotteo Ei'kange. CWctgo Boardlof
V?Jt 9. 0t i r,a Ex^bang**. N>w Orleans Stork Ktr^ae. UTer^O^oo Aaaj-laUoa
York Coffee ExchangeJ-^rw Orleana Board of Trade.|Oa!?eaton Cotton Lxrbang*.
Exchange
^•4*1 and Long Dlntanoi TaVaphona* 529*1' *W. R. FAGAN, Managan
I0NE WAS HEAVY
IN EARLY TI
London Sold Stocks in Small
/Way Through Arbi
trage Brokers.
ROOM TRADE BEARISH
Were Working to Bring Out
Long Stock at the
Lower Level.
oi iTivRie nciwii n ire.
New York, July 19.—Interest In today’*
financial markets centered chiefly upon two
things—what the Amalgamated Copper d
rectors would do with the quarterly dir
dend, and bow much further the market*
“ itnayid
unsettlement in Russian affairs. The Cop*
per dividend meeting. It waa known, would
not be held until late afternoon, bnt the
early dealings In the stock reflected the
idea that no tncrfceae would be noted In
the rate, and that the effect might he
temporarily unfavorable for the security
market. Abroad the markets were statu
heavy. Russian bonda declined, and the
er, and more or less pressure com
during the first hour. But, as was the
case yesterdsv, no stocks were offered- at
the lower level, and efforts to cover against
•hort sales quickly brought ba( ‘ *“
here they started from.
New York, July 19.—In the stock market,
opening prices were about unchanged, the
only exceptions belug Atchison and 8t.
I'aul, which started unchanged, hut gained
%c In all, declining again. Declines extend
ed to 1 point In Anacondas Amalgamated
T
five minutes of buslneas, St. Tsui had lost
Its gain.
The market waa generally heavy during
tha early **
srket waa generally heavy durlt
trading. Arbitrage brokers sold
aount of stocks for London, si
small amount of stocks for London, aud
there was aonle pressure of stocks around
the room through weatern houaea. bnt
erally the trading was professional
boused, but gen
jpenwonal rbi
confined to the room tfaders, who had
turned to the bear side and were working
to bring out long stock et Ipwer level.
Governments unchenged.
Other bonds steady and more active.
LONDON 8T0CK MARKET.
STOCKS—
ATLANTA MARKETS.
FRUIT8 AND PRODUCE.
Officially corrected by Atlanta Fruit *o4
Produce exchange.
$6.10 to $8.10.
Jine* 50 to 7ic.
Pineapples $2 to $240.
Uamtnns. straights, «#••- bn
** — wofiB, _n tc
to $30.00
V’atcrraefbna, $7.6<
.60 to
per 100; de.
Jvg ducks, Pekin
hens, per lb., 13c to ISc.
Butter, tsbl«, per lb.. 20 to 2Zftc; cook*
JoKy r J&;w U te .£• la Mb. rick* 19
—Irish potatoes. No. 1
Tomatoes, per crate, $L to
Corn, new, 10 to ItHc per
l)kra.^»er crate. $1 to $1.10.
dock 1119.
U to $1.60.
• per doken.
potatoes, per bushel, $1.40. —
sweet potatoes, per buihel, $1 to $L28;
iweet potatoes $1.60 buahel.
rrles, 24-quart crate, $1.50 to $L7S.
fee quart.
_ PROVI8IOI
_’oetela Elegant M.10; Dl
N8,
. JUmaad
. half ptt.nt
•print wheat
ibolcv
mat
borts, wh____ - —. —.. — _.-.
.10: pure bran, |1.2o; mixed bran, $1,16.
IIAYT—Timothy, choice large bales, 11.10:
x, choice amiti! bales $1.14; da. No. 1
Jutes, psr bnsbsL —
I borts, white, $1.40: medluto. $i.33; brown,
— r — $1.20; mixed bran,
over mixed I
. jolce
___ above prices l
subject to Immetllatf aeeeptance.
GROCERIE8.
_llGAR.-8tandaru arannlat*! tc. New
York Hrflned 4>4 to 4M; plantation* 4)4 to
,, (?6FFEF;.-no*itS r ' Arbuckla’a
115.50;
12c. liau__ _ s
KICK.—Carotins <tt to 714c, according to
ride. Market rery strong.
( IIEKSE-Kanev full cream dairy, 14Uc;
Vlas 14c; brick, 14c. Market strong.
PROVISION#.—Huprems hams uc. Dors
hams lttfcc. California bams Wftc: Red Cross
hams 16c. Dry salt extra rIM 10/.); Mites
90-6 lbs. 10.76; fat backs Sfe; niatea 9*4.
Supreme lard 10. IM Cross foe. Snow
Drift compound 7*4* Red Cross 1%.
8TOCK8 AND BONDS.
Macon r
and Wrat Point!!!!!!!!.’ 146
aad Want Fqlat Debt*. 197
B. of limricla drat IncoaM
o. ataond Income... »
Jo. third laeom.-a 87 87
Gaorrfa 8a* 270
Aiwnata and tfavannah 116 117
fiontharntMT It* III
Gcoral* Pacific lata U* 121
C- C. aad A. 1st 1U
PRICE CURRENT CROP REPORT.
Cincinnati, O., July It.—Winter wheat
g eld above expectation, and fine quality.
sra maklnfi aood pnnrreaa, with ostlook
enconrafita*. Oata lniprove.1 and mnch I
ter than expect«d. May afeert. Fackln, I
“ —ilaat 3*9,999
3*0,000 a year **o.
THE METAL MARKET.
ly Prlrate Leaaed Wire-
New York. Jnly I*.—Tin waa illAtlr
bicker dne to the firmer tendency la tb*
fontan market than to any demand.
other metals xbent tb* aaaw aa laat re
ported.
RANGE OF NEW YORK STOCK MARKET
Amalgamated Copper
Atlantic Coast Line
American Mugar Refinlnx
Auactuitla
American I*ocomotlve
do preferred
American tfmeUing Refining..
do preferretl
Atchison -
do preferred.
at aa |i| I irimi, *...,e.aa.*.e**....t,.eaa.
American Cottou OIL....
Hal** —' -
■ififiitliuore and Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago and Northwestern.^^^^^^^^^^^^^—
»io preferr»Hl
Chicago and Great Weatern
Chicago, Milwaukee and 8t. Paul...,
Delaware aud Hudson
Distiller's Becurltlr*
Brie
do preferred
General Electric
Illinois Central
American Ice Rscurittea
Louisville and Nashville
Mexican Central
Missouri Pacific...........
New York, Ontario and Western..,.
National Lead
Northern Pacific...
‘Tew York Central
orfolk and Western
Pennsylvania
People's Gaa
Pressed Steel Car
do. preferred
Pacific Mall...
leading
Republic Steel
lock Island
da preferred
southern Hallway.
Tenneaaee Coal and Iron
Texas and Pacific
Union Pacific
Virginian's roll ha Chemical
do. preferred,..*.
Weatern Uulon
Wabash
Jin Central..
do. preferred
Total aalea o*' stocks today $42,00$*shares.
RANGE OF THE COTTON MARKET
AT NEW YORK.
The following la the range In cotton
futures In New York todav:
Dost Previous
in.?
ten ..10J8 10.40 10.20 10.
.let, ,.10.42 10.47 10.18 10.30 lO.JK-.f 10.30-40
Nov ..10.43 10.42 10.41 10.43 10.42-1 10.40-42
Dec ..10.48 10.» 10.4ft 10.47 10.47-43 10.48*47
Jan. ..10.64 10.51 ia6ft 10.62 10.51-52 10.5961
Feb ..... 10.52-64 10.51 63
Mvh ..10.84 10.89 10.89 18.82 10.82h 10.00-81
Closed ateady.
AT NEW ORLEANS.
The following la the range In cotton
futuree in New Orleeue todays
~ ... . Last Previous
Often, filth. Low- Bela Close. Hose.
July ..11.10 11.16 11.06 11.06 11.05 1U
Aug
Hep.
::lu IS m IS W
X t. ..10.88 19.43 10.15 19.84 19.85^86 10.16
Nov
dm. ..10.40 io.45 io!n ion iaiij
Jan. ..10.60 10.61 1945 10.41
Mrh '.'.10.82 wm ioli* io.it 10.
Clomal *la*dy.
NOTES ON GRAIN
Pointer! on 1’rovUloni.
HEbia Jaly tfi—Thar* *r. v*rinn
B ru harp, and In many lu.t.nraa Mark
■t la confirmed, bat thr Iwtl.r Informal
aay an damaa* »r rnuarqnrnra, and no
tronbla llkrly to aril* with tvrapcraturca aa
at
hand
Urgt np-
avatora bnlllaa It.''
Fnd.ratand that than Is a vary bnlllah
rililp hrro on wheat .Itnatkia.
Oat* firm. Rom* bnylofi at opcnln, hy
Northern Grain and liumw>y nnd nronnil
Mr for Hrnt.mhor rommlaaloa '
Br for Rontambcr mmmlmloa trnuM mob
to havo raw tor aat*. Trad* llfiht.
faw H-attrml ahowrr* ov»r tha Northwut
nnd Canadian Northwaatj rloar now nnd
•no mother. Ilaporta
line
that Mark mat not ,|irradln*.''
Them aeetua tn Bo Conaldorable wheat
for ml*.
..Cora ma Infiuenred by wheat atrenxth.
r tf— **■ ~
Nearby month* atrnnaer than the new reap
future*, aa thn weather la fine for tho cropr
herelpta llfiht.
Oata oponed hlaher with whaat. Iteretv
In* hnusre wero beat huyera at the
Ratlin, acatterod.
I opening.
raaM or ifonulno Ida rk rutt have ton found
thrmiih examination hr the experimental
rilvlitnn of thn Mlnneaota Htate fnlvaralty.
The umpire rame from Miller and Water-
town, H. Dm nnd Benton. Minn. Altkouah
the people who reeelved the umpire ue-
eertrd that thla waa nothin, atarmloc In
the Mark met altuatlnn, unlru the wraihar
ehnnld twrome fevnraMe for It. tha wheat
trade did nnt view the matter ao rom-
plarentlv. Wheat, however, la ao far aq-
vanretl that mat haa rat tn tot In Ita work
pretty faat to opnll mnrh wheat In RontS
Dnkuta It la In the early atatea of donah,
id another' week or ten d*r* of fair
urn of
reek In-
rnet.
treated thel SaSB
wie ^: n,, T;r: ir'is*
•ew.atu im inv, a.i.m «rrn, wnti mCVCIltCCl
mills In operation, the production Is likely
im 'll 285,000 barrels. Omaha reported
some hear;
wheat
Pi
■oacn mo.ooo barren. Omaha reported
teav^niInland claiming damags to
.rieldVof Sits are_ being reported^ lijr
Chicago,".JRily"Ocean; n
of black
rn-f
IM
— ..iter
again dlai
Tha air la
nneapolls set out
w olsIMaAftm
npcarwlL. ...
nHS ,n -'
nut plate* filled with water
In (he moraine Mark runt
I of ^thern, ehowln, that
Irk. of Watartown. R. D.. who
linn, the Chl-
atr nut*, nun inuiii
aaya there ts black mat al _ __ . BB
cago and Northwestern line from Water
town tn Brookings, lie aaya that
stem wheat nmnnd Watertown la don#
fjjr. and claims that conditions are worse
and July 26
lla crop expert,
TIPS FLASHED
From Wall Street.
Prlrate Wire to Olhort ft Clay.
New York, Jnly 19.-D*nlel (Melt A Co.
The atock market dlaplaya a nnrrowln,
tendenry. The uutlook for today favorn
Irrculnrlty. There woe not mnrh etork
out yraterdny. The market liernmo dull
on decllnee. On any weak spots today we
I relieve purchaae-for a turn may lie Hindu.
No Id, move either way Is likely, for a few
dnya at least, and we would ailhrrn to a
trad!
tradin, poeltlon for scalps of a point nr ao.
The market appears to bo bardenln, for
Au,ust rise.
A reliable aad conservative member nf
he etock exchan,* uys bs kuowa Union
Pacific will Increau to 7 per cent. The
•took doea not act Ilka It, but It will do to
watch.
tractive to apecnlatlve Interest* for aome
little time yet. Ttvien who believe tn htah-
r price, expect tb* Improvement to lie
•low, and tboM nf a peeilmlatlc turn of
mind era Inclined to believe that tha abort
t do will nnt ho apeclally attractive durln,
tho next few weeke. The opinion nf con-
Mrvatlro Intonate on both aide* la that
will he toward a lil(ber ranee
he expected that
the tendency \
■medal drive wan medo ernlnit Ilrr
Itnpld Trnnelt with the tile*
rooklyn
..malt with the Idea of brraklu,
thn ,.neral tlat. The net remit, however,
waa an aver*,e decline nf almut 1 nor rent
I'or the active atock* Man who
I 'or the active atock* Man who watr
the tranuctlnne yraterdny My that tha
t ve etock* displayed ,rratrr resistance than
. t pected that
the market
thla
.. 1 the
llrectnra would not IncreuM
■allaed
>n,ly tl
that t
the quarterly dividend except In the nenM
of makln, tha rate 144 per rent refular In-
n end nf, an at the declaration heretofore,
1V4 rc,uiar and % extra.
nnenanaea. imnnon aieauy.
Any ndvanre In wheat will he more like-
y governed by export Mies than dama,n
by plack mat, altlimi,b the latter may be
come serious.
ndoatrials all running full blast, bnt It
donlitfu! If there will be any IncreaM
a Copper dividend.
Operations are at low ebb. nnd almoat
wholly professional and look -for a doll
market.
Bullish talk Is heard on Norfolk and West
I and Ohio, Atchison, Mia.
Ickel Plata, HtteJ preferred
era, Cbeaapoak* and t>bl
aouri Pacific, Nil' I
nnd tod.
S onaola off 6-1
UMlnn I mods
ta lead
prlsln.
’anl would i not bo anrpi
^’edo a naw low record.
American atocka In London (toady at
about parity.
Bank of Knfland rate nnrhan,ed.
Fourteen roads for the second week In
Jnly thow an avera,* gton IncreaM of
16.59 per cent.
Good demand .for atocka In loan crowd.
Iron and eteel reports show firmer tend
enry nf pi. Iron price*
Banka have (aluad largely from aobtreaa
laracly fri
ury, hut this will ho olfief liy payment of
the 519,909,909 apoelal aovernraent deposits,
Blda for tha 130,009,000 Panama canal
bonda will tie opened Friday.
Chlra,o and Alton borrowa 83,000,000 to
pay for equipment.
'Brooklyn Rapid 7
year 18 per cent t
the previous year,
repor' "
Araalmmatad Capper director* meet to
phi Transit carried
It carried last fisc*
paaaen,era than It
'’Vw.lv. Indoatriats dsclloMl .27 psr rant
aettvs railroads drrllnsfi .71
railroads drrtln<
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCaS BONOS GRAIN
Ground Floor Gould Dulldln,. Dally
market latter and markst manufl
malted on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondint’s Capital $250,000
acrcaxNCC, tmx nxal bank
PHONC I4tr. PRUDENTIAL BLDG
HUBBARD BROS & CO., SL
■ Atlanta Offices, 219-MI Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the aboveexchangea.
Direct wire service. Correspondence invited,
Phones 454, tong Distance 39. A. S. Huatace. Mgr.
rai^, ?rov*ision5,Stocks^
■ York. fiew Ortriai.
w
COTTON, G!
go. 2 Wall SL, Ptltrt Building. Waits. Cs.
roteifc
Ktw Tart Caftoa Itthaagt.
Htw Orleaas Catfaa lukaagt.
Lhtreaal Calls* Anodslioa.
hit tit Wires I* Hew Tart, Hew Orleaas, CUcaga.
Bell nose 12i2.
BONDS,
Chicago Board at Trade.
Standard Fkaaa 7%.
illtlmm
ily 29, i
th#» crop waa kllM.
If. V. Jonas, th# Mlnnrapolla prop oxport,
saga than) la no blark ruat In ffouth Da
kntn, and tho crop will Imn out of tho way
In a wook. Around Watortown tho crob
will go 20 huahola por arrr.
Janu*a A. Tatton, of Uhlrago. who waa In
Minneapolis vastarday, haa atartad for Wa*
ter town, R. J)., to roaka a paraonsl Invoa*
11 cut Ion of tha arop romlltlnna.
Wlinlon. of 5Ilnnaaf>ol1a. aaya: "Uropa ara
flna. Evan If wo J
i, anja, ■ nI e*
■RRP^neP java black ruat It
will he t>m late to dn damnfir."
The eeehoaril repnrte<l l,IWV0n9 tmahela nf
wheat anld for export nr 131 loads. It In-
eluded liualneM af the Atlqntle and ,nlf
YESTERDAY'S BEARS
ARE BOLLS TODAY
Opened Wheat Strong in
Tone at a Half Cent v
Advance.
CAUGHT STOP ORDERS*
Covering by Shorts and Fa
vorable Map Were Addi
tional Bullish Factors.
By Private tosed Wire, /
(Ihlcnqo, July 18—The talent In wheat
as whipped In board of trade ver-
icular. It bought early, and an th*'
anl spots, ton, on black rust report*
from the northwest. Th* latter ssftltra
waa a big seller on th* early ad van a
and followad tha market anwawluMLi
pelting th* trad* with all the
would take. Minneapolis
up sarly, but the strength gave
before the clone. The black ruat, r
ay
port* were accepted In good faith ear-
y, but thay were doubled late. CIoh-|
forjne day, but,V-i *s iff from beat price
of morning, corn l-2QI-4c lower and
oata 7-IOlc lower. Provision* wero
Irregular, with July pork up »0c.
Coarse grains cam* out In chunk*,
lata.
Argentine expect* tn ahlp 1,300,mu)
buahela wheat and 8,100,000 corn ihl*
weak, compared with 3,349,000 and 3,-)
781.999, respectively, a year ago.
Cash solas 10 loads wheat for ex
tort, Including 10 loads No. 3 rad win-
er, and 110,900 corn here.
Primary receipts naw wheat were
smaller than Wednesday at 199,606,'
against 713,000 a year ago.
'Corn 449,090; a'yaar ago, 376,095.
"136 Wheat, 166,
Clearances were 46,731
QOO flour and 40 bushels oata.
CHICAGO GRAIN MARKET.
.... Allan
porta, hut export houaea af New York
not able to confirm over an load* or 3
Iniahela. deelarln, that the other line
waa simply tradin, lietween exnorter*
f. Buffalo. Th* report* were 409,090 Imahrl*
each of macaroni ami tlnnllnhn whent, tho
' hard winter aud
.009 bushel* nr
balance lu luir made np nf har
No. 8 red. The gulf anld 140.0
18 Innda No. 3 hard at 70V*c
Sunuat
, ■i. ■ i
up orer these rennrta last nl,ht and with
mat scare the Mlnneapolla curb adranced
He, New York 44c and Rt. tola Me.
tmaheta No. I
...da mite
Rales of corn we
oata 180,009 buahela.
’*■0.900
hushcla and
CHICAGO CAR LOTS.
Todar. Tomoemw
Wheat
Corn
Oata
Iloga ...
Open. High.
W1IF.AT- i
fea a a i a
fe'a a l l a
felR « a a a
July.. 19.18 13.89 ll.U 19.89
RK! ” iJ:^ 84* 11:8* 11:8
17.45
B-jn i;i HP if
4 m ac si a ...
CAtfll WHEAT—
No. 2 rrol THffBHi No. 2 dp 7tff79; No 2
hnnl winter TBftTlJkjNo. 2 do 77iff77'i; No.
I iiGrlluTM pprilf No. 2 do No.
C~ “
do 784771.
COTTON 8EED OIL MARKET.
N#w York, July 19.-Trading la «?<* r«rl
..•Minn for ivitton oil was mm*). In
th#r# wo# eoatpintivMy UtU# otf
v
18.000
lo.m
LIVERPOOL GRAIN MARKET.
hlghrr; rlo##d" V nigharVL
Coro op#nr<l unrhangtd: 1:20 p.ra. an-
cbnngH; cIomh! He to hd higher.
NORTHWE8T CARS.
Th# following figure# giro th# northweit
enr# today# la#t w##k and I#at year:
'—‘ Laat
Vat
Today. Wtok* Y#*r.
Mlnnrapollf 117 290 128
DuInth.V tl » 10
Chicago 402 lift $5
nml price# trer# vllghtljr higher than Ta#a*
day*# final. The nrnr hy miitkN)i rnn(lnu«
t» i|/ow the moot atrength. with #<il>*itnn-
flat aupport from #trong Interest#. #n«l not- i
withstanding th# fart that trnder# I»4-IIp\#i
that premlmna ar# too high mar th# full I
K nlna, there 1a little dl-i-'Hltion to tuWe,
iry rtaka. on tb# short side. Crop nr.
count# are farornhle. uud n ronutd.rnl.lH 1
amount of new oil la expected hero fo
tember delivery. Rxporto showed mo
terest In the market, rrtce# at the
were unchanged to He higher.—Wa:
Lelond.
f fpenlng
Nop- ,
...
J«iy -
August.. ..
Hoptcml>er..
October. .....
CtoMd ateady.
Cl ash.
CENTRAL BANKS TRUST CORPORATION,
CAPITAL $900,000.00
If you contemplate opening a new account, or changing your preaent
banking arrangement, and with to connect yourself with a strong, conserv
ative bank, fully equipped to ,erv« you os your business J laUflea, w*
Invito you to call and talk tbs matter over with us.
Aaa G. Candlar, President.
W. Id. Patterson, Vlea*Preaidant. . A. P. Colaa, Caahlar.
John 8. Owona, Vloo-Prooldont. Wm. D. Owona, A aat. Cathlor.
(T
ATLANTA NATIONAL BANK
ATLANTA, GA
C. (. CURRIER. Proaldont. A. E. THORNTON, Vlco-Prooldant.
H. T. INMAN, Vlco-Proaldont. GEO. R. DONOVAN, Cathlor.
JAMES 8. FLOYD, Ass’t Caohler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
WM. La FIBL. President.
It**14 I I'. MADDOX, VI a Pr-E.
TliOB. J. PEEPLES. Cashier.
JAM. O. LESTER. Aaa't Cashier.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
$200,000.00
$500,000.00
ACCOUNTS INVITED
Wo Invite accounts of individuals, corporations, banks
nnd bankers nnd offer tho best terras consistent with
eonservntive hanking.
In our Saving# Department we allow Intereat at the Rate of 3 1-2 p«r
cent. Compounded Seml-Annu
ally.
—
-
mmurnrn