The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 20, 1906, Image 11

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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