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

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FRIDAT. JUI.Y 29, liws. VI JOSEPH B. LIVELY! EDITED BY THE GEORGIAN’S RECORD OF MARKETS AND FINANCE uthorlty lu hie spednltjr. FOREIGN ADVICES WERE ADVERSE Caused Some Selling of Cot ton in the Early Morn ing Session.' SMALL DECLINE ilADE NEWS AND GOSSIP Of the Fleecy Staple. Private Wire m Ware A Ix-laml. W I New York. July Jk-The market opened ■pout ae expeei**,l on eabtee with s-tni, •elllng. Schlll a Ms aeller. t.ut loenl talent eovered ahorta on decline. Liverpool ralde: "Market affected un favorably no rurnora of financial dlfdcub tlea In London, Put nhanlutely not con. firmabls and .Imply bated on fall of P.ut- •lau loan quotation." Liverpool future. opened 1 to 4 dowi Lirerpooi mtnrea opened I to 4 down. At U:li 5 to . down and eaty. Kalea. 6,000. Bpota 4 down at 6.07. Due to come about 1 July Was Weakest and Sold Dcnvn to Ten Cents. Other Months Steady. The pntton market opened barely ateady ■t a il,'Cline of 3177 polnta tbla morning, ahtch waa more thnn n reaponac to tba Mcntnit deelln# In Liverpool. forelin ailvlcea were eonaJdered l»‘*r kh there being minora of financial Iron- Plea In London, In addition to the weak- ■mi lii the Liverpool cotton tnnrket. Knot Lie, there were very light nt 6.000 balea it • decline of 4 point*. Future* oloaed M4 pilnti lower. . A wlr* we* reealred by one of the locel rKbangea, Mating that "there atlll ex- lit) in the market aome uneailneaa over matter has been finely leetn likely, sltlmugb rt™... ...... .. any Impending dleaitcr baa been bridged aver temporally?. J,r I Ida benrlah array, cotton waa steady, and the decline after opening, wltbj* rent!,m of July, which aohl down In.lgnlficant, and waa recov Inataueea liefore midday. ■■ rin eight for the week, according to 8ul perintendent King, 4J.W, amtlnat UUM laat rear. For acaaon 10,779,301, agalnat 13,168, >lar*lin > ir."fipmler i 4t Co. taka a roiy view" •r the altnatlon, In the following review •f condltlona. e* they ace them today: “tgm think the market, both fnndamentally a, 1 lechnlcnlly. la In great abape for a rler. Crap. everywhere In thl* country look well, and thev nre reported to be eonetderehly abort abroad. Cotton bnalneta' never baa teen better, end It look! an If wa would market nny all* crop at from 10c op. The mwey we receive from oar eiporta ehoultl take rnre of our money eltuatlon hero. and the ateel' bnalncaa la again on ‘ - * r, III * — at.cka iiciil In the rignl ind a eold ont mar . abort Intareet and it hand*." Weeklv Interior movement: Receipts at ket. with old tnwna, 7.830. against 35,140 Isst year; shipment*. 31.635, srslnst .31.076 laat ysar; inch*. 133,793, agalnat 118,678 laat year. Receipts at 30 towns, lO.SX, ngalnst *0,181 last yenr: shipments, 34.811, against 71,600 laat yenr: stocks, 189,630, ngalnst 1184X0 last year. SPOT COTTON MARKET. Atlanta: atnndy nt lie. Ne* vnrk; steady at 11c; delivered o tract lflO. New Oriraol! quiet at 1015-lic; *vrv» irrimuij quwi m av S7S: silvered on eontrict 100. at 6.<T Mrtrpool; sternly i LIVERPOOL COTTON MARKET. Qplaml* 107;, ipeoulatlnn nni American 100. Fnturcs opened easier. Opening prices rnsloc; middling y in 6,000: American export 600; receipts t Jol.T oiyAngiiit. luf.-Sfpt.. Ring*. Close. C R.l® 6.: ...5.82-5,75 5.7*5.80 6.1 frju.-Oet.. Oft-Xov.. . . No?.*Rec.. . bw.-Jeh.. . Jin.Fcb.. .. Ffh.-Mnrrh., «IF M lUrch-April. . . Closed steady. .6.74-5.71 5.71-5.72 .6.68 6.56 . .6.84-5.12 6.61-6.62 5.674.66 .6.61 5.61 6.864.67 , .6.8* 6.81 6.884.67 .6.644.62 6.82 6.874.68 . 5.84 6.60 . .1.67 5.0-6.68 5.71 TODAY'S PORT RECEIPT8. INTERIOR MOVEMENT. Inmiaton , AnxuxfR ... niphlg . .. L»uls .. Inr*lmintl Total GIBERT A CLAY’S DAILY DAILY MARKET LETTER. rleana, July 30.—Kamernae eahlaa rived acconntlng for the uaex- fiT, 1 ," 1 deellna In tka IJverpool market by , . hlU **• ot *>s<- leading banking die* , " f lemdon waa rumored to be In JMrnlty and that tba flnanelal situation V* srently dlilarhed thereby. Optlona ” b| the net remit t point, over yea- winy , cloee, while epot transaction* were ™ at a decline of 4 polnta. The , l t1 derelopmenta abroad In flnan- matter* anal the decline doe thereto "' foreign market had a depreaalng i ',ii npealag price*, t'onalderable eon- ; *»« umnlfeetesl during tw day. and ■Uiei. ** many dental* or report* of as- feh.™ ,h " uneailneaa, far It waa rather felt <en though aerlooa trouble waa for I’t'va-at averted, the matter bad aot _JLT‘» «mlly adjusted. However, roe- la fa r.lm '"it InfiaatMws were _ too strongly tks .11. pnrf* io ain»w ox otnrr -JJ'h'r In the Atlantic states, anal a drier, van. ** r(l °n were of the aanw tenor, t,?,' i ,ro *P»cta for tomorrow are for a v' ure Of these condltlona. New York, July 10.—While thera Is *'.' ,ubt that markat conditions and 'uierlran Inuencea were nearly all fn- Leaaer tloldman weekly crop report: "Our moat reliable anil couaervatlVe correspond ents In hontbraat Mlsaoarl, Arkanaaa and like north portion of the territory advlta nr that ralus hare been general and soot*, what too heavy during the paat aeran ‘i n •!>' uplands this ha* rcnlly Iwen of benefit, but the bottom lauda naturally will suler should wat weather continue. Ing well, but It liecomca entirely "too islopt to raccaarinUy withstand very hut.weath during August, should heavy mini con tinue. While this condition eilatn, there • nothing absolutely alarming, as the crop Is well worked out. No material com- — ig. well. Dry. weall daring the next ten days and normal ann- ■hlne can only result In Improving the fa- •hlne can only result In Improving the fa vorable conditions Indicated In former re ports.'’ . ’i XT* July notlcaa have been Issued, but the market acts as If they hid been ■topped. Many Stoeks Made Material Advances in the First Trading. BUYING WAS HEAVY Brokers at Times Crowded Ov'er Each Other to Execute Orders. M. #017 M-io* urong po*l- tlon Into which the market ho* workM aa in ' - a reault of the recent Unuldntlou unit abort The amount of cotton Into alfht thla reek la al>out 45,000 l*al**j Manchester cables: -“ft,, demand for lotht Is limited. Iluslnrss In yarn* la very Private Wire to filbert k Clay. New York. Jdly J0.-Mv*rpool at 11:10 p.m. waa W la 6M down. Wa* dna to come about 214 down. Nordan sold the markat. Wllaon bid 10.12c for 10.000 October. Journal or Commerce eaya: "The most i If- — - tailed or feature nf the market for the day was the continued demand for heavy goods for domastlc consumption. Homs agents ara expressing the Idea that there will he demand enough In the next few weeks to place all question of conditions In thla division aside, and the recent ad vances are taken, aa proof of the state ment that the bottom hat been reached New „ _ down la very poor. Wae due X polnta lower, find sd foreign new* and u favorable map Inciting considerable bearish activity. Liverpool cables: "Markat. declined on rumor financial trouble In London, but la market In New York In an attempt to rally prices. market, bnt we* _ decided Improvement and market look! a •ale again. The western fnreraat Indicates generally fair for Louisiana tonight and tomorrow, C art cloody with prnlutble shower*. Ar ansas unsettled weather with probable scattered ehowera Saturday: generally fair for the territories and Weafern Taus; partly cloudy for Eastern Texts. J. ANDERSON A CO.'S DAILY COTTON LETTER. New York. July SO.—Foreign cables were weak this morning, nnil together with hotter weather forecasts for the belt, rnuecd an eaeler tone to the New York market Our market opened 6 to 7 polnta down and continued under preaaure up to noon. There eeemed to be quit* a large lot of cotton for sale, with but few taker*. While there was aome activity from the bears, the disposition waa not to be aggressive, the bulk of tho trade seeming content to hold off and await developments. Crop reports continue mixed, but sentiment on the floor ap pears to be agalnat the market, It being lie general belief that the crop la pro gressing nicely In most localities. On tna other hand, the bulla claim that should hot, dry weather follow the recent rain*, tho sappy condition <r. the plant will cause It to ehed badly. MODERN MILLER'S CROp REPORT. J rom lb* hard winter crop of Kansas and labraaka show an unusually high average l,hl par aero, and an eicepllonady heavy * weight per bushel. Larger total ylalila — .rheat than were harveated laat yenr are Indicated In both of these states. Da- Ivories of grain by farmers are decreet- a lar - ‘ ----- art of the soft winter ilsy. the effect that clgn markets. Husslan bonfl H Irntly again and the dlaecunt un the new Itusslnn lean In Igmdon rose with cqunl rapidity. Kalea by tbe underwriters tvbo diu not cure to make the Impending pay RANGE OF NEW YORK STOCK MARKET Am ikniuf • * „ -^..rcamr Atlantic Const l.lm* Ail I' nil Siixj.tr K-Hi !' - All I- "H ill Alt '• I-mi 1.4*4 »» *lt> pf*f« Anti do prnfei itintr Refining.. AtnlML I •I" pri'f**rnil Aim-ill nn Cotton Oil..* TncMe ) Northwestern..*.,,,,.., and Ohio Colorado Fuel nml Iron. Central I .mu her...., di» pftf.Ttvd Cblcngo mill Great Western Chicago. Mllwitnki'r mid 8t. l*aul In-Jnnuri* ami Huinam 1 •IstUler’B HOCUrltk'i Ert* do preferred (i«'nerni Electric... IIIIiioIm Central American I Co H4>4-urltle* IjOuIstIIIo nml Nashvlllo...,., Mexican Ccntrnl..,.,. MlHHourl rnclflc........ New York. Ontario and Wcatern Nntlinml I.4'int •«.... Not thorn 1'aclflc. New York Central, Norfolk nnd Western I'l'iiiisylvanlii People's (iaa rrx'ssed Hfoel Iw4im.i loan were aoeonntnhle for the latter move- 3 lent. The Ixondon departments were also tpressed by a further exhibition of weak- !•" !'■ ’ Ivnftli- milling nliiin*N, l inter this clrcnmatance It was not mirpriMliig that the American lint should have failed to follow up yesterday's Into Improvement here. American stocks cnino in over the cable a trifle lower, nnd tho local market aaerealjr. Bat tm mediately the heavy buying which hnd been noted yesterday nfternoon In South* ern nnd Pnlon I’nclflc and Pennsylvania wn8 resumed and price* were entiled swiftly all through the market Trudlii up to noon was comparatively active, am by that time tbe rompsratlvely active, gains extended from : ere well held. In London. The new* from Ht. ivters- burg-In the morning paper* wih gen*rally Interpreted as favorable, and the nente dc-| preaslon In the British capital wo*p understood. After tho first few ml I trading, ho waver, the market display < creasing activity and decided strength, wit tho prominent railroad Issuea well to^jj front. ■ iromlnent railroad Issues well » week oper denlr became strong, am! of the first boar prices and before tb of At first hour prices for many storks had made material advances, some of them to the hlgheat range experienced In weeks. uch volume that broken at times crowded over 'each other to execute them. The room trailers toward the end of the first hour sold stocks on an Idea that tho advance bad gone far enough, hut there wns no supply from any other source. Bo far, was full of bull talk on Southern I'a olfle. General comment was that the buy ing all through tbe list was far better than the aelllng. Governments unchanged. Other bonds firm. LONDON 8TOCK MARKET. STOCKS— Anaconda.... Alcblsnn Canadian Pacific Chic., Mil. and 81. rani.... Erl di>, praferrsd.'..."'." Illinois Central, . .. Louisville and Nashville I’.nnaylvanla. ....... Heading.. .. .. Southern Pacific Union Pnrlflc I.. United Kioto* Steel do, preferred WARE A LELAND'S DAILY COTTON LETTER. New Orlrane, July »X—Itrnrlah sentiment was Increased ti.I.jr^liL better weather were appearing at many poluta. This more thau halaneed telegram* from the eastern belt to the effect That the hearlat triet* overnight. If there la one thing which, of course, relau ladle, reports of new bale* and becoming general crop up ejlta of the mini * t every <lli the | opening - of jerking •patches with winter wheat territory. NEW YORK COFFEE. Following In given the opening and cloning qnotation* of the "■ -- - - New York coffee market March.. August.. September*. .. October November.. .. Tecember.. .. Closed firm. vornble thin morning, the market wan confronted with moat neiioun new* from abroad ronrtming th* nltuatlon In Ruaela and It* effect on foreign fi nancial center* and operator! were for thl* reaaon deterred from aupportlng our eecljrlly Met. Rumor* of a moot sinister characted, concerning _ condl tione ln London and Pari* were In dr dilation and our market disregarded all of theaa and advancod steadily through oat th* session and Into tbe second hoar of the afternoon. It Is safe to mr that the European situation, from financial and political point of vlaw, .. being deeply etlrred by event* In Russia, and today's trading on foreign hour*** reflect* anticipation* of a moot serious character. W# believe, how ever. that the larger banking Interest* and governments, outside of Russia^ ore prepared for the emergency and will control It within auch limitation* •S Will avert even a partial dlaoster to the world's security markats. Evan admitting tha prospect of full uses for all money we have at command In this country our crop situation and econom- nositlon la too strong t*> permit the * f a change for th* worst at pres ide* i ent. We expect t *** the market sus tained. GIBERT A CLAY '• *■ auoasu AT. corset. saoviiioN* ATLANTA. OA. j. MiMsenn J J irk Stock ExchanieJN.w Or!—n. c Crrtoa Exchange. N»w Ortnus • •fk Cuff«« ExcbaoKO^New Orleans * Private Wires to all ElClliD**J' VAriN M ■ nanar L *'* 1 and Lena Dletene* Telephone 5298. W. R. FAOAN, Manager. ! nosrd of Trade !<ialvaaroa Cotta* Exrhaaga down In aympelhy with very tt_._ IJverpool cables, * decline. In the Liver pool market having been Indneed by nlarut- Ing report! concerning London lienkn in a result of nlnrapn In lltualan securities Kngllth consols were down half n point nl 11& p.m.. and thin Isnt some color lu ■he unfavorable reports, hat before tbs middle of the morning reliable firms In England cabled local correspondents that Rothschilds had stepped forward and offered the neceeesry support to evert s psnlc v While tks _eUimllon_ i *e.ms^ deer lion enough now. no far as England In con cerned, It must be confessed Ibtt Russian politics nre a decided, bearish argument for lower price* of cotton and the devel opment* In llussls during the next few week* will beer witching. While the weather map showed better weather In the Atlantic. It could not be said that the crop sHnstlon In that section.had Im ported any. The fareennt promised fair weather tonight and tomorrow. A strstclj of fair weather In the eastern belt destroy si balls have. Ilimston. Tex., wire*: ten bales new cotton offered — Their buyer Is In Sonthwsst Ttxsn ni ■ays be espects to buy 609 ball next Week. •Party hers had this morning. ties new cotton STOCKS RKVIKWKI) BY NEW YORK SUN New York, July 10.—Tbs Sun ssys: "In terest Is tbs stock market waa almost ex- cisalvely confined to the desllnxs In the last hour of the stork exchange session. In the last hour over 140.000 share, were turn ed i r MiRl wiiw.vvv e-.sesi ■ over, tbe Inrnsss In activity Wing due. to Influences ran sorted with the sent of the Amalgamated tapper meeting three months __... Prices before this news we* mads public had moved feebly sp and down within a range for meat storks sf no morn than * half point. A selllor started In the market when ig movement fhe^dhddemj prices thereafter attested with greeter forre than nny ctrenmstsme that hse happened for n long time bark, wkat Rail attest farms tbe sold-out condition In which the market now stands. A few eerller effort* tan to take profits on dent that no realllJaManlm'uThe nrerbms fall had I teen provoked. Tbe opinion that tbe snsrhet was nrrspylsg • elrouger po sition then had teen generally .apposed rapidly gained grosml. end tbs entire In- etvssr In dealings lu tho Hint hour nan ne- sharp upward bound Is ripal stock, to rinse at advances of more then s point.”—filbert A Clay. ■Can you repent the Declaration of Independence?" she naked 'I used to be able to,” he replied, "but about all I remember of It now la: "To b« or not to be, that U the que*- tlon.' "—Judge •e Stall ten.Unit tipubllr Steel toil Island...... ,1a preferred United State* Rubber do. preferred elflc., him thorn Rnllwny,, <1<>. nvnferrea, Sin**.Sheffield Tcnnoeaoe Coal nnd Iron Texas and Pacific Union Pacific I lilt'll 1 IHIIIIT, ..teas ae . UaltaU Htnt«*a Htiwl —x _ ^ . i-L'arollaa Chemical prariTriHl WoRtcrn Union.....*. Wahaah P'fiTriMJ. da profcrml... Wlaroufcln (Vntrnl 4a prtfafud.. total aalta of atocki today, 658,500 abarto. WRI 3# NOTES ON GRAIN Folntor* on Provlilons. Private Wire to Were * LelsmL Chlcego, July 30.—fables are not i of nny serious trouble abroad, tbe condition* us all that could he desired. Rust scares will'he la ‘ tend. WHEAT OPENED WEAN AND LOWED hare * tendency lo cause a rather er ratic market. Ihe undrrluur to uhest la not weak, and n llttl* nous spronlntlon, which I* bound to com* os Urn hull side, would airs ue a good market: hesry rv- relpts for time being likely to keep mar ket from running swffy. Wheat actud very weak ■----- - — tpect to *v* a Inwer mark, nt seems to hero done lltt Yi, Lower Cables and a Lower Market in the Nortl little or ne dsn some of the sellers of lines arouoc re rnnerlng again. John Weal a ralr lmyer May onto. North ern tlmln Company end Lsntsnn lieai buy m r r-iWoS P * v " u,w ^ west ^Inin Factors. INDUCED SELLING ffotMHl opened s shade firmer nn bay- juniors' .by cemmlasjon Noromher sud rolling pftao: The Ribs firmer, ■t’hlcsgo Inter isles.of wheat si RSffifW other wheels. Northwestern as Id to be out of the market of line. A charter was mads at New York for Mediterranean ports At t hleago . iiahela No. g corn and 66,n ._ n end 176,000 corn nt MkTOfe jhe Ivt'rr foe loading gwsy up In ths nuath Wotelwnrlh, nf Hlnnespalln, In • mns. tgs says: "They hnve begun lo harvest to largest crop of oats ever raised In ths eats comnicn - - _..j nn lbs balls, lied runt and patches of black rust 1st sronnd Valley City, N. D. RANGE OF THE COTTON MARKET AT f^EW YORK. ruiurei in rieir zone testy: I*a»f rrarlona Open, inch, how Halo CJeoa, rioao, July ..10.06 1L0O 10.00 11.07 11.08-06 10.16 16 Aug ..10.16 10.10 16.11 16.15 10.1616 10.20-21 ..10.27 10.28 10,a 10.H 10.28-27 10.1041 ..10.8S 10.84 10.29 10.82 iaS2-8l 10.8840 .. 10.24 10.86 |0.84 10.88 10.8441 J0.42-42 I I ..,40 10.40-41 i0.47-4g ..10.40 10.4* 10.41.10.46 ln.tl-tr, 1(1.61 62 10.45-47 10.62-64 Nor ..10.60 10.67 10.61 10.17 10.6488 10.4383 Closed steady. TIPS FLASHED From Wall StrooL Private Wire to Olhert A Clay. New. York, July JO.—Daniel Odell A Co.: While we cannot expect the xtock market to Ixnore tbe civil wsr reports In Russia, wklrh will gtre the twin s chance on thin rally to make nn stuck today, the market In eold ont sod liquidation has ap parently ceased In rolume foe th* preeent, and we would buy good etock* again, an recommended yesterday morning, when they are weak for tarn* maintaining lb# trad ing position, but prrferrlng the long side. Marshall Npsder * Co.: Today's nitrkot will hs Influenced In nomo degree by lbs week's movement of money, though new* from Ru-U will be wMohw, .w.thjhv AT NEW ORLEANS. The following Is the range In cotton futuree in New Orlesn* today: last Previous Open. High. I-oar H-l*. nose. Close. ::!a?o M !J:8 il:8 15:85 SS* Oc? !!ib‘*o mii ioiii mii l0 4: ' 4< 12:51, Dec '.'.to.u ii.'ii tt'.H io.'ii ISSSf W.ft; Jah ..10.33 10.40 10.18 10.10 10.37-11 10.43 46 uchjjo** io.4j ii!it iiiii’ ifc Closed barely etesdy. EARLY ADVANCE WAS WIPED OUT keenest lulerest In Its reflection on I tvmirsca. Th* decline In turnsole Ihle — Ink wee rather rrester then expeetd. nnd caution In compliments Is sdrfrohls. Wsssermsnn houtht 1,100 Psnosylrsnlai wants 4,000 more. July HUMirri It rery erldent that gubsUntlst support Is being extended to Iiffeet the unfnvnrslde lofloence In Ion- don, where n Mg honse I* rold to be tq trouble. Ktwks. howerer, ire only 14 high ,r (Jshfj people" talking bullish he bear element will make a, rath to cor* mrrow conalderable abort coyerln* la ex* ted thrmiKhmst the day In view of the er, for atocki »r# apparently limited In of- ferinfO. ,r*tnt*deellne ■Copper Mm In Iondon this morning show «• line of U from yestsrt&y s cloro. IlDM. . _ _ , Id to have rei InVeetment*baylnit PneMje fw irHyn acroont is reported thl* We thlrUt Ararrlran*■td’ka In7*ondon heary, ^Pslr demand for stwks Twenty-four roeda for aerond week or Joly show srerage gross Increase of 14.11 'TpreSdeut Raqrorelt to enforce right honr taw on all aoyernment rontracta. *t. Paul financing has probably been ^New" York 11 ex peels to get. nt lasst. half of 4ks VoOAOOlPgold In open market In L? ^r*n S< tSde r 'totals for Uet year broke ’«STm<!rtk5d3nr •« a^u I lion by tbs bull leader, and notOHHI covering, censed s rise In next crop nonlba fur s time, though them win a rotation toward th* clue*. Homr of Ihn reports from I Texas luslst that the recent rsloe hare been esceeslre. end there was a certain wv-css OSITMIIO, 818146 I6in»r W8IB 81 Ml amount of arattererl tHiylng on the chance Atlantic aectloti, bare cut down tbe crop Itbrr*. Ont Wall afreet's beara were again •tiling, aa were New Orleans and the Oouth ■•••'mi, HI8 wnr urmux miu mr r'nnii generally, parti) l>ecauae tho Indlcatluna. It la Mid. pointed to clearing weather eaat of the BflaalMlppl, and partly becauew very aMM^Mi^iimiiHmMDle crop reports arei JiefppL meny decidedly fa »|Nit InterMte. too, unbiased observer. It certainly looks aa though the crop would be a large one, unless something unfore- Jarge one, unleaa something happens la the next ibontn .. , r _ weeks. Adverse reports there are from here land there, but that waa tbe case two years ■go, when the yield was the largoMMmm known. Whht must l»e kept c^ mind, boweynr. Is the necessity crop to meet the demands of world’s requirements, possibly on record. Ilut opposed to the ... . are Wall street pnople, Philadelphia spot early • a fat the stan L’nder the clrntti —„ „ day, and the a«l vanee la the next crop was practically wlpad oat before tba dose. 7 ’—Oluert k Clay. lacnon nea most or tne ai among room traders te take a hand, at the seme time has about ronvloced talent that the Joly deal la pl]tng up i Wf 115 prof illy devslepmants cenBn imiflcallons ef lb* Ml— ... _. gtimenl,. Mura mMatura l~»alc,l price ypatsnUy, bat lb* fear nf rlcarlnr wsolh' *r pull*-1 them flown again. MuafOsn was •mall, Intsrost llmllsd sod flnetnatlnns nsr- - • ---£*_*«**% ft* row. Opinions, .. alight, If any, Ini H. Ilirriisaa foes, ncconnllng of ram- all srket doll. Us rolro ef standard u -n fro MBDlv&wHttl will offer 8699.998 4 pat cent municipal bonds wllhln ths next row Vwelvs Industrials advsnrod .87 pro vent. Twenty active railroads advanced .92 pro "It must b* nles to b* a hero," marked th* quiet man. It Is for a mlnutn,” repllnd Senator n*dgcr. "Aftsr that ths hsro wonders at the world’* bad mronory.”— Milwau kee Sentinel. Tor goodnaM ink*, what'* that noifsr "Ths girl nsxt door Is having her vole* euUlv*t*d/ > Iluh! Apparsntlr ih* process of cul tivation has reached tha harrowing aaa- aon."—Philadelphia Ledger. SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOCiS BONDS CRAIN Ground Floor Oould Building. Dally markat latter and markat manual mailed on application. nd Valley City, N. I |h,II*. oars: ,r tlnr re I absolutely perfect. ■Mi . ..iw, as we hive two ...... instantly covering th* northweat." l'araona. nf the Wrolafn Kleratnr Corn- sny at Winona, Ulna., nay*: "Thla In th* thin morning am wo ought to know, ronatnntly rq—HH B ay at Winona, Minn., nayn: "1 Int where th*y report»d_blsck rupt wan a No black rust at Winona. !>n not there are 69 acre* In wheat In this r. Vary little wheel nt fit. ' There are name reports of rod mat Winona nnd Mt. Paul railroad lend, from Winona In Watert tlolng wcat tomorrow noon." r*ul. & >, B. D. Private Wire to rilbsrl A Hay. rhlcagn, July 1ft—WhssMt up on north west dauinga clalma and likely to go sons further. Feeling I, friendly lo corn. Chicago Record-Heralil: Hpedallat* In Ing Its artificiality morn clearly day l,y day. Rough ribs and dry rolled meats of every eorl are offered nc very low price* •nd meeting with n poor demand, while, pork wan marked almost t il point yesterday. .rip«{'" lo the : a bar rol.no Int yMterday. Meanwhile, slab, t of'Ibelr'Holdings, tke" fic'hw •rich” mate or atocka of priMtuct In chi* hours that auppllce of lard and ribs cadlly mounting upwnrd and bava E rcachfNl a raspcctabla total, rust wae en exceedingly live prop- iltlnn In the speculative market fnr per* npa a half hour after the opening nf te IMM 'change yeeterday, nnd waa a matter nr doubt about aa much longer. Thereafter It speedily ihrnnk In Importance. A large iber of — Tiading Was Light After the Opening nnd Fluctu ations Were Narrow’. By rrlrnte Ironed Wire. Chicago, Jsly 3ft—drain bull, w forced Into s rear east. Thsy held various markets In tiwlr band* op lo s I hour, and they wars then quick to SC*'lower * “*•*• I‘°* prodneu grain earns -out In profusion, lie barked swqy from It. way from Iks hullk barked sway from it, ]lks a colt lacking awi . _ ruled. Jams# A. I’nlien. »b, l« now up In the aorthwtst, Is a binding roller of wheat on what hs knows o? rim conditions Ths hullo tried lo Mem Ihn lids In corn. oiw corn, com pared with 708,009 sod UN,AOO, rcspsctlve. ly, s yror ago. •’Mmanr recetnl*: Whsst 1,199.908 snd earn lfif.000, sgnlnst 114,009 snd 416,009, rs- •pectlvsly, n ysar ska. CHICAQO DRAIN MARKET. fe >pen. High. Low. Close, cios. t'ORji- uly ffc* OATH— . J»l/ K- IP* E il 47m B A R yfejiia" ills" ill" p" S.97V4 «:*?«, good crop reports ware r»- reived from The Canadian Northwest. Th* ■■■■■MlInMHfBHHia ng from MeRean, of Wlnalpsg. plot "I have j-eporti from over 3U0 illon* and all say crons In excellent million. Not • word of Mark rust In any of them." I’eoris. III., reportsd tbs srrlrsl thsrs of the first car of new ont. of the rossnn. It was of fair rofor, lospecled No. 8 white •nd Ten than 19 pounds lo lb* bushel." _ COTTON SEED OIL MARKET. lopment* In th* market for rollon oil dnrlng tha early trading. Trad- generally wars lucllnad lo hold off. RfferTngs f *were light, but 'certain protni nent Inlere.la who have Iron aupporllui the marks! recantly wars not In eVTrtence, and this rssullod In a vsry duH trad*. Thero Is some Hills export hiialnsss dole*, hnt ths cash trade, on ths whols. I« ciral- •rate. Prices si lire rinse wen sncHTV"' to lie lower.—W»rs A Lstaod^ LAiiDl agjr Kept T No. 2 hard wlntar Lrmwr CHICAQO CAR LOTS. Tml.v. Tomorro Wheat 63 3*2 Ssts "! « Hogs 11,098 13,909 LIVERPOOL DRAIN MARKET. Wheat opnncil 4k lower; 1:80 p.m. U loa •r: eloaed H low#f. t orn opened *4 low*: 1:86 p.m anebange to V6 lower; clotad anrhanged to 14 lowaa* « August Ncptambar Octolicr fovambtr.# 9. 9. )»ccmb«r. . . 9 Clordl ateady. THE DRY Q00D8 MARKET. at la generally qnlat, but th* •rger trado In heavy goods for dnmcatlr conaumptlnn. Narernl new lines of worst 8.1 were opened. Fancy woolen goods wars nl ware opened. Fancy woolen good* werv •low. Tba Inquiry for Cblna goods baa not entirely subsided. THE METAL MARKET. Rf Private Leaaad Wire. New York, July 8» -Thera wae a deride ly hvtter Inquiry for tin which develop. n»f "Id-ruble tlrmueiig. Fpot and nean dellverlea Improved nearlv He. ‘Hhi rwl trading waa at a standstill and prices nor lastly unchanged. The exports of cooper for the week en Ing .inly ]3 was 4 f.d«. thus fnr this moat 21,171 and from January 1, 109,961 tons. NORTHWEST CARS. car* today* Minneapolis.* iRulutb.. *. . Chicago. .. .. 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. II. U. Atktnsou. Y. V Joseph A. MrCort. CsslJer. Third National Bank L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 RKrCRCNCC, THE NEAL BANK PHONE 141T. PRUDENTIAL BLOG $200,000.00. $300,000.00. oirector8i Frank Hawkins. II. U. Atkinson. Joseph A. McCord. J. H. Nunnally. J. Canoil Psyne. 1? B. Rosser. Da rid Woodwsn WM. L. PERU PreoldeaL BOBT. Y. MADDOX. Yleo-Prsa. MADD0X-RUCKER BANKING CO. Htm Oriissf. COTTON^GRAI^, ?RO^ISl5NS, l ST^ ( ^S^BONDS i Ck/tsfA He 2 W§tt St., ftUrt gviM/sf. Allsati. Ca. mmBUSt Vrw fsrl Cottoa Esthaaer. Chita§9 Baird at Frsdt. *KOH Him Or ha at Caftan hthaa f«. C klcaja $ lath Etthaafa. Uitraeaf Cottar Httadatiaa. Hew York Cottie Etthio^e. Print* YYirn la Hew York, Hew Orleaaa, Chicago. 0. C COTttBAH. Ma-taer. Ball tha ae 12i2. Staadard >haae ISA CAPITAL SURPLUS AND PROFITS $200,000.00 $500,000.00 ACCOUNTS INVITED We invite nccounts of individuals, corporations banks and beakers and olTcr th"e best terms consistent with conservative banking. In our Savings Department we allow Interest at the Rate of 3 1-3 per cent. Compound*! Semi-Annually.