The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 27, 1906, Image 11

Below is the OCR text representation for this newspapers page.

OPENING TRADE HEAVYJICOTTON Notices on August Broke That Op tion Sharply at the Opening. OTHER MONTHS STEADY NEWS AND GOSSIP 0! the Fleecy Staple. Private Wire to Glbert & Clay. New York, July 27.—Liverpool at 13 JO p. in. wot l\t lower* which wuu about at expected. ✓ Notice* for 16,000 to >0,000 bale* August are out. Cmlg, Ilopklns, Dwight and McFidden at on poil the notices. The Journal of Commerce says: “There Is nothing In yesteniny'a demand for dry goods to lead to the thought that any >-**-- * — • tions lead- healthy trade thTa faH* with Jobber*, nD ' with a continuance of active trade spring deliveries of goods that have been scarce for some time past The bujing Is the g .. .. . Looked as if Bears Were Making a Strong Effort to Break It. By Private Leased Wire. »w York, July 27.—The cotton market opened steady with a big trade. August broke 9 polnta on the call under henry ■filing duo to notices to the extent of about 19.000 bales. The reat of the list was fairly steady. The market acted as if the bears were again making strong efforts to break *Vh« cotton market opened this morning with a show of activity, but July and Au gust were weak and sold off quite sharp- It. The new crops held steady. After the opening, the market became dull and steady, professionals doing the Iraik of the trading. Tbeo Price Issued a circular this morn- *He says In part: but the tnsg- will prevent any decline, and the slightest intimation of hot weather In Texas will result hi ■ubstnntinl advance. “As hearing upon the bureau report, to be published a week from today, I rnuy say that, assuming average conditions from the day of that report to the end of the sea- ion, a percentage of S3 will Indicate n crop of 10.920.000 bales: 82 will indicate 10- HO.OOO; 81 will indicate 10,(VW,000; 80 wl 1 Indtacte 10.630,000: 79 will Indicate tod 78 Indicates 10,270,000. A comparison with last year’s figures the first of ipL r la inialeadltig, because __ August to the end of the season last year, the crop deteriorated only 1.7, as against an vacrage deterioration for the same period In the nine years previous Of 16.9. A terrible disaster was averted last year by the extraordinarily favorable conditions pre vailing after the first of August, of which the early maturity of the plant allowed it to take full advantage. This year the crop Is from tw*o to three weeks later than the average, and probably four to five weeks later than last year, so that it Is hirdly likely that last year’s autumnal growth will be duplicated this season.” SPOT COTTON MARKET. New York, quit , ... mmptlon; delivered on contract, 200. New Orleans, easy nt 10 U-llc. y Liverpool, easier at 6.03-1. ’ nominal, at Uftc. TODAY'S PORT RECEIPT8. The following table show’s receipts at the jorts^today, compnred with the same day 1906 1906 Ntw Orle&ai. . . • , . Calreiton. •••••*. Mobil* fimnnah. ....... QmrlMton. ...... Wilmington. • • • • . Norfolk Baltimore. ...... N*w York Bootou. ....... PhiimlelphU Newport Newa. . . . . wniwiek. . . . . . 112 1 M 71 10> , .... £646 4464 376 2134 1 680 #• HT” 176 Totals 4710 13013 . INTERIOR MOVEMENT. The following table shows recslpts at the ulterior towns today, compared with the ■tne day last year: Houston Augusta Memphis. «t Louis. Cincinnati Totals. 964 6187 LIVERPOOL COTTON MARKET. Liverpool, July *7, 12:15 p. m.—Cottar ft* farter, wllh price, quiet; middling •Jhnd. Mi*. «l*« 1.006; American 4.UXT; yrenlntlon end export BOO: receipt* 8,000; .awti-mi 7,700. Future, opened dnlL * Opening Frevlou, .Rang*. Clo**. Ctoe* --IE.* IS $** •rtyAngoet! Angflit-Rept >«rOctoher.i.l« November. JlS4 - , ptember. J.64 dsmber-C * toher- X f«uu.rr-Febni.ry..».fi PI>rn«rr.M»rch. ■jjfta April.. . . .5.17 v Io,«] eteady. I.M 9.46-0 44 6.164.40 5.59 6.66 5.54 6.56 6X44.55 6.544 B 5.144.55 6544.55 6.154.54 6.564.65 5.57 5.17 5.59 5.5* 0IBERT ft CLAV'8 DAILY COTTON LETTER Orleans July 27.—Option* In Llvar- pel were unchanged on the cloee, a alight gff steady Improvement having occurred mu, opening price* on account of nome "?J’F the abort Intereat. Spot nele* c-re 5000 hale*, yesterday'* quotation* be- "4 reduced 2 point*. Today'* market Via * anil nnd uninteresting affair. L*pparent(y being tb* rnl* of late that rv;' n price* .how an adr.ndng tendency £'il*?. n * , nr»l can***. inch a* a farther •juaelloa of the abort Intereat wltnea*- " teday. even tb* neat plug element with- £?■•-'.Preferring n more opportune mo. ,E '° operate on the ehort aide. K'JfT report* continue excellent, tb* Mng cleat and comp* rati rely dry, *x- 22 for tome scattered ahower* on the gnntle roast. Texa* yesterday wa* dry -r cloudy, being precisely the rharac- E*: 1 J**.tk*v deal red to further tb* al- B.; rxc.iiont progress made there. All J 1 ' 1 •**«1 al *® «^csslve mins Z! SLJJfht. but they merely represent ** particular locality, and are by no greatest activity d goods and gray yarn construction. quite general, with still Id domestic cloths of print Bleached cottons in the low nnd medium Hues are becoming better conditioned every day. New Orleans, July 27.—The weather map la again Tery favorable with fair weather generally prevailing, the ouly rainfall re corded l>efug extremely light and mostly confined to the Atlantic coast. The market Is very quiet with prices nt yesterday's closing figures. The map Is favorable, likewise crop advices, bat shorts at the momeut are covering,! causing firm- ° Eynd A Co. sold July at 10.69. Market It steady now. but crowd here ex pects some short covering before bureau. The western forecast Indicates scatte 1 - showers tonight and tomorrow for all this section. The eastern forecast Indicates cloudy New York, July I7.-L!rerpool rutures opened 1 to 2 down; St 12:16 p. m., 1 down and quiet. Spot sales 6,000; S down, at 6.08.i Futures were due 1 to 2 down. Liverpool cables: "Market very narrow and steady at the decline.” h | Cotton opened demoralized In New Tori due to heavy liquidation f - * - - den rind Craig being hurt miftftlon lioinwa nml local Icrnble cotton, I r*es*er-Coleman Weekly Crop Report: Con aldcrable rains hare fallen during the paaj seven days In southeast Missouri,* ArkaM mis nnd the north portion of the Indian Territory, which, as'indicated in ours^fl the 6th, has given rise to complaints H grassy fields and rank growth on ths botl tom lands. Tho uplands have been bene fited by the rain, nnd are still In excellent jgo. At the moment, with the exception of too much moisture, with the the outlook nnd condition a good average for the sections named.’* New Orleans. July 27.—The weather map i practically rainless. Light rainfalls are ‘ported only in a few localities over the belt. IL LIST , OPENED HIGHER The Heaviest Trading Was in United States Steel Com mon Stock. ROOM WAS FULL OF GOSSIP Regarding Ore Contracts To Be Issued at Quarterly Meeting Tuesday. Htoek of cotton In New Orlcnne I, 10,956 bale*, agnlnat 62,574 at ttala time l*at Tear. Manchester entiles: "Cloth* quiet, with very email bnelneee doing; jama quiet and uchanged.” Hnn Antonio, Tex., wirea: "Foreign «pln ners are asking for Arm offer* on naw cot' t0 {t ta hard to anna the Into-alght now, but t look* Uke 45,000 bale* nt leant, perhapa 50,000. MODERN MILLER’S CROP REPORT. Chicago, July 27.—Soft winter whent farm- are telling their grain alowly. 'A large proportion li luring atored or atacked. De- tvertea are large of bard winter wheat. The principal porch**** nro by miller* and by large elevator ayatem* and country dealer* to hold In atore. The thrr the Michigan crop generally ahowa yield than waa expected earlier In the aea eon. ROOM OPERATORS HAD THE MARKET “At UP bam' They'beiieve”that'the.'crop ia*golng to l)o big and that there la n good deal of danger that the lluaalan upheaval may canae a conalderable decreoie In the world'e coneumptlon. Meantime .peculation la ritil and price*.-owing to the generally good crop outlook, arc gradually drifting lower level. It I* true that yeatei Liverpool wae for a time llrm, the crop movement continued imall and cotton - Pie thought that the revolutlonlatii In ■la had received a decided cheek. The buy' Ing wa* ntnatly to cover abort*. 'ery few havo enough talth In the market to take eren quick turn* on the long aide. Horn- hay atoek of cotton good*. Ilkn that of Shanghai. I* aalrt to be very large. The hull leader at time* gave eopport ft* December option and sucreded In checking the decline, but the oiltelde public refueee to follow him or anyone etao on the hnll aide. Today la the day for Augnat notice*, and, although aome do not look for many to be me*ntim*“con»inne fnvorable ao far na thia conntry and England are concerned, ani^ tbe ehort Intereet le large. ' rk “— *- - ,nl ..... There la atlll achance for a crop tea re."—Glbert k Clay. New Orleane. July 27.—The Tlmea-Damo- crat aaya: "Tlie market being on a fairly legitimate heal* nnd yeaterdny'a field new, proving of n more encouraging tenor than anybody looked for. eaueed the loe* of the R revlou* day’* price gain <m new crop op- one. while the declining tendency of the epot mnrket end tb* dlelntereeted attitude of tbe mld-nnmmer hull podl wa* redacted In a sharp slump on July contract*. It 1a the tangible Influence rather than the will of the man that la now regulating the awing of tb* price pendulum, end with hnel- deat yet confined almost wholly to profes sional trader*, the dally aeaalon* lack In Urge meaaure the quality of apeenlatlve significance uanal a? thl* tlae of year. Connclentlen* man nra ntreaaln* the prohn- hlllty of a large yield per acre, and *l*» the nhllltv of the farmer to iqtiwe the actual cotton nhort on month and aettle- mentn Iff the event no world’* dlatqrhnnee comes to mar mill activity. —Ware k ro und. *h>w ln Vorit? Jnl'y 27.—The opening of tba stork market today waa describedI *n ex citing. 1’ricea were Irregular, hot through out. the market dlndaved a good tone. On* of the feature* of the opening wu* the benrv volnffie of hastneM. eepeeUIly no. tlcenhle In United State* Steel common. The Harrimen atocke showed the effect of pressure—the Pennevlvnnt* group, how ever. tinder the leadership of Beltlmorc and Ohio dlanlayed a very good tone. After the opening the market settled down, and on large buying order, became very atrong. After the noon honr, the market continued •tronr. though at lime* there waa heniun- cv which might he read a* a forarunoer of a natnral rractlon. The m#nt of monoy for tbs wssk wow liwlrtt* a net rain by the banks from fh* Interior and irnhdoratory of W.161.9M. The rain of the hank* through enb treaeurr wae 5SJ7.IIM. The grain'rate*war which baa begun on the Southwestern line, may prove to he "rioST We have had Hgln SiiTHSi SJrt riM. end we’would ndvUe waiting a few days before bayloff- ATLANTA, OA. GIBERT & CLAY '* t ALABAMA «T. COTTON. cTi AIOP c orrcc. provision® B Tortt Stock Exchange IXew OrUan* Cotton V«k CoffS iJcU^geixJw Sri«S; Ki of C Tr.^:l<UI»«ton Cotton ExchnngA and Long OiaUnoT^p^^^ R- FAGAN, Mana fl ec. By Private Leased Wire. New York, July 27.—Today'* market ap peared to bo following the ordinary course of n speculation for tho rise. Yesterday afternoon's sharp rise, which wn* con tlnued In the early London trading this morning, attracted heavy realising sale,, and, lu consequence, there waa n great deal of Irregularity In the movement of tb, flrat two hour*. Bt. Paul, Colon Pacific nnd Southern Pacific were alt fraely supplied, and. In the case of tba Utter stock par ticularly. caused by a sharp decline In the price. At the earn* time, however, dew buying continued heavily In other direc tions In Baltimore and Ohio, Colorado Fuel, the United State) Steele, Smelters, Brooklyn Rapid Tranalt, and a Urge num- lier of the minor specialties. For a while the market waa very uneven under tbe conflicting Influences, but toward midday the pressure of profit-taking subsided and the upward tendency once more liecame fairly general. Union Pacific, which had lieen heavy at the start, waa hhl up rapid ly to the highest It had reached on tie present upturn and new high price* were recorded for a majority of the Hat. The stock market opened active, and. though eht pcomerrmlcneR0C9EPE9(sKB9 though the price movements showed sums Irregularity, liberal fractional gains were recorded In the majority of the list Bal timore and Ohio waa the atrong feature. After tbe opening trade, the market con tinued to display Irregularity, hut further price changea were confined within narrow Steel common. The room waa full of go* alp about an ImporUnt announcement with regard to Ora contracts to be Issued at the quarterly meeting on Tuesday. Tba fact that J. 1*. Morgan, J. J. Hill and Wil liam Rockefeller are now In this city creat ed a belief that aome Important develop ment* are pending. The atrength lu the leading lasues. Ilk* Union Pacific and Steel stocks, Reading and Pennsylvania, Induced heavy buying of the lower priced shares. Arbitrage brokers said that London wae more cheer ful. Trailing for London account waa mix ed, pnrchhiex exceeding Mle, by U.00Q ■hares. . Ilefore the end of the first, honr, heavy profit-taking sale* caused reactions, hut the buying continued good and the upwnrd movement waa resumed In tbe laat few minute*. Ooi RANGE OF NEW YORK STOCK MARKET Itrookijra CauaUiao AtualgntuaUKl Couper Atlantic Const Line..., Aiucrlctiu SuiUr llefiamf... Atibtouila Auirrlcnu Locomotivs. . do preferred Amortci a Smelt Ini; Reflntnc do preferred AtcViWO "o preferred American Cotton Oil >luo...... Tranalt Icafo mud Northweitern.7*.! esapeske and Ohio lorsdo Fuel and Iron Central Lsathsr do preferred Cblcaco and Oreat Weitern Chicago, Milwaukee and St. Paul...... Delaware and Huuaon DUtltler'a Securities Erie .. do i General illlnoia Central American Ice Socuritlea leoultrllle and Naabvllia Mexican Central MUaouri Pacin'*..,.,..,. New York. Ontario and Western... National Lead...., Northern Pacific New York Central Norfolk and Weatarn. Pennsylvania People’s (las Pressed Steel Car Pacific Mall I leading tepnbllc steal ] [CFaOTrevT ferae)Mid ferae. teranc <lo. preferred United States Rubber... do. preferred "“itbern Pacific ithsrn IUI1 way % da preferred. a 8Iota*8h*meld Tennessee Coal nnd Iron ">xaa and Pacific 'nlon Pacific Jolted States Steel VI rain I a-C* raiina Chem fesi! _ do. preferred do. preferred,, Wisconsin Central do. preferred Total stock sates today 1,073,700 shares. NOTES ON GRAIN Pointer* on Provisions. RANGE OF THE COTTON MARKET AT NEW YORK. Tb* following Is the rang* Jn cottoi futures In Naw Y'ork ti-lav; lA»t Previous Open. High. Low gels Cine*. Clot*. July, .itl 9.99 Aug. . 9.90 9.19 Kept. . 9M 10.0» ».S7' 5.52 (let. .10.11 14.21 10.11 NOV. ,10.90 10.94 10.95 Dec. .10.25 10.99 10.99 Jan. .10.99 10.99 10.3 Feb. .10.99 10.95 10.99 Mar. - .10.99 10.49 10.99 Closed steady. KtO 9.9345 9. i.SI-92 9, S. 0547 io.Mi 10.30-21 10.15-17 P 10.90 10.9041 10. 10.95 90.94-95 109040 10.95 10.90-41 10.9041 10.49 10.47-49 10.41-42 AT NEW OR Tho following EAN8. the rang* In eotton xn* following Is tb* rang* futures in N*v Orleans today; „ . . Laat Previous _ . Open. High. Low- Hal*. Clue*. Chine. July. .14.70 10.70 10.45 10.60 10.5149 10.79-75 Ang. .10.40 15.40 10.40 10.40 10.41-42 10.46-45 Ocl. .10.14 10.99 10.19 10.21 nee', '.l'o'lr ib!:i i'o!ii Mar. !Yo!m 10.98 mis Closed steady. L17-19 MR-19 i|S 10.99 10.42-44 i0!&» ioio om Othe; LONDON tr&Vi MARKET. 8TOCK8-. Anaconda. ..... .. Atchison.. .. .. .. .. ..... Canadian Pacific * Chic., dill, and St. Paul.. Brio., do. minotf : eoulsvlUc and NatbTlUs. i«*w York Control. . . , Peunayivanla... • , , , leading.. .. .* . Southern Pacific Union Pacific United States Steel. . , TIPS FLASHED From Wall SlrooL STOCKS REVIEWED BY NEW YORK SUN London market l'adflc proved the only Importnnt exception. Bt. Paul waa th* leader with an advance of 1 point. Thle stock sold a tew minute ier the opeulng at 192k* an advance oi nta from tbe low level of May 2. Trading bad been In progreaa lint * ie, however, before henry profit-taking through the active list began to moke elf felt end the market wae not called upon to take a Urge volume of Ixlng sale*, hot to absorb the net Incon erahle amount of stock sold for short _ count. Two ctrrnniaUnces were need to about a reaction—namely, th* low S obtained for th* New York city and tbe fact that those who looked for *n announcement of rightr " the meeting of Ht. Paul din ' u y likely to be disappointed. The action of the market uoder the ctrcumetance* wan ceded In the flrat honr they soon found anhatantlel support, forecasting arnn by noon the buoyancy dleplayed In the last hour. In London the market* worn nener, ally atrong with Russian bonds showing s recovery of nearly 2 point*. “One of the moat encouraging features of the market wae th* strength In United Btatea Steel. The stock was taken In Urge blocks and thousands of shares were eold without earning n recession."-Albert k THE LIVE 8T0CK MARKET. By Private leased Wire. Chicago, July 21.—Ilona—Estimated re ceipt* today 20.860. Market alow nnd week; quality fair; left over 4.7K; hulk E6.KtJ5.75; estimated for tomorrow 12,000; Cattie—Estimated receipts 2.500. Market steady; -lualtty fair: beeves 99.K4f4.5T, cows 21.3BQM!40; heifers 92.4004.40; calve. 95*7 good prime eteere I5.UA5.60; poor to me dium 99.95435.10; stackers and feeder* >2400 4.25. Hheep—Estimated . receipt* LOW, Market 94.50A7.20; western K5S®7.70. lamb* L. J. ANDER80N & CO’S. DAILY COTTON LETTER. New Y’ork. July 25.—Thie being the first August notice day, the market opened In fear and trembling, hut the failnre to force the long* to nettle for targe qnantl- tlee of cotton created * targe amount id ehort covering, and after a weak opening. Private Wire to Glbert ft Clay. New York, July -17.—Daniel Odell ft Co.; There la no change In funda mental* and artificials are bettering continually, but slowly and nurnly. Th* tnchnlcnl position of the market in, of course, not a* good an It waa, and thin Is one of the reasons why. If th* bull t deration In pushed too aggressively, It will be left open to attack. The mar ket looks .o us remarkably bore of atockn after the good recovery, and It Is evident an abiding, stubborn short age le extant Specialty advance# will be more the order of the day for a time now, we think. The market acts all right and look* pretty good. Marshall, Spader ft Co.: It Is our opinion that fundamentals are dis tinctly favorable, and believe that on all soft spot* the purchase of stocks will show a good profit. Prtvnt* Wire to War* ft Leland, New York, July 27.—London Irregu lar. It Is doubtful If any statement re garding SL Paul will be put out today, nnd there le a rate war on grain and flour among western and southwestern roods. Sentiment Is quite bullish an Steals. Mr. J. P. Morgan says the stock market Is all right and with so many of the big men back In New York buy ing movements expected to material ize. Rather look for an active market, but It may prove advisable to sell out long stocks on thorp upturn*. Look for further Improvement today with Steels and Pacifica aa features. Do not advise purchases at this level. Dow-Jonce summary: Americana In London Irregular. London settlement concluded today. Good demand for stock* In loan crowd. The treasury deficit for flrat twenty- four days of July wan 111,937,555, and for month in estimated at 210,000,080. Stuyvcxnnt Fish sold to have won In conteet with Hnrrlman for control of the Illinois Central. Twelve active Industrial bonds have declined 4.8 since January. Kansae City Southern net earnings for fiscal year over 4 per cent on pre ferred stock. Minneapolis and St. Louis earned 5 per cent on common stock for year ended June. Eighteen fire Insurance companies report payment of 21,505,825 out of total risks of 227,682,742. Iowa Central’s fiscal year shows net crease of 50 per cent. No Increased dividend for Michigan Central’s stockholders. . John D. Rockefeller's trial It'oat tor sptember 4. Railroads centering In Chicago-have Inaugurated a rate war In grain and flour. Wells-Fnrgo Express Company earn ed 40 per cent In 1106 and an average of 92 per cent In the three years pre ceding. Weetlnghouse stockholders Insist upon qulxxlng George Weetlnghousa when he return* from Europe. President Winter Is mum as to ex tensions of Brooklyn Rapid Tranalt. Twenty-seven roods for third week of July show an average grogs Increase of 12.22 per cent. Twelve Industrial* advanced .44. Twenty active railroads advanced anotatk today: NEW YORK COFFEE. enln* fm terday’a finals IJverpool waa not In to follow the New York lead, and alter njwnlng nnehanrol to 3 down, rallied and rinsed nnebanged to 1 up. Trader, are not uiapoaed to follow the hear lend for any serious decline, erasing the crop Is In t>*> uncertain condition to follow cotton ij icier 10c, which I. regarded ns th* stand, ard jirlc*. Reports from tb* b*tt an laneh railed, tmt It le pretty well ai that the Atlantic state* trill nuke a crop, and tbe balaac* of the belt la going through the critical period. ebruary 7.U-7.K 7.90,7.20 1=:#“ f lly.„. 4.715.15 ugust.. 1564.75 4754.90 Man April iugoat,..’.'. . .... .. ,,456471 Beniembar,... ’...471 October.. 490496 November 4154.90 December .,..7,00 Closed steady. WARE &~lIlAND'8 DAILY COTTON LETTER New Orleana, most of the ti for aome nrcnl I, July 27.—Profasstojiata ^ dlnx In cotton today, am reason or other they pro. terrea to nuy rathsr than aril, altbot—*- *— talk around tha ring was bearish and the news of tb* day cartalnly mini, ti iron Tradition, ha nmei med ta mat plan cast wl whole licit Crop repo „ Inrnt Texans wired that th* for a bumper croradtatata^tal purls returning | tomorrow, l rnp reports ware extremely gbod. Prom- ” 1 red that th* ontlooh waa ?La m ss’.’i’u R the condition of th* crop th* Journal nt I’momerc* monthly summary of th* crop conditions In (Irurgla waa much hrttsr than expected, a while It gar# proper recognition to tha ect of exi-eealr* ralne, It called th* plant healthy. Aftor a careful reading of tba reriaw the only deduction to be mad* was that prospects were good on tha who!a. MOVEMENT IN 8IGHT. Rrought Into eight for the week, a York e 124499 ror ' last year. , the aeason agalnat 19,259,419 last year. 1,5a bales. STEAL 50,000 ACRES AND PLEAD GUILTY By Print* Leased Wire. Washington, July 27.—The land or- flee today received a telegram from Fargo, N. Dak., announcing that the Huldekoper Brothers, owner* of th* Little Mlseourt Hors* Company, and W, A. Clark, tholr manager, had plead ed guilty to the Illegal fencing In of 1,006 agree .of government lands. .88. SOUTHERN EXCHANGE Oldest Established Office South. COTTOI—STOCIS—BOHOS GRAIN Oround Floor Oould Building. Dally mnrket letter and market manual mailed on application L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 atntnzNce. the nial bank PHONE 4-SIT. PHUnENTIAL BLOC Private Wire to Glbert ft Clay. Chicago, JulF 87.—Liverpool wheat cables are a shads higher, hut tt Important bullish feature ta a nmtcrlnl reduction In freight rates from the Mis souri river—notably, to Chicago, but also to th* Atlantic seaboard, our per sonal northwest crop advice* contlnu* of most favorable chartetsr nml ap parently no new developments In Rut Man situation. There la no relief to corn crop where rain I* most needed. It l( clear and hot over Illinois corn belt. Look for ' ighsr price* today. Oat* threshing showing dtaappolnt- S returns as to quantity and weight lev* they are a purchase. Our crop egpert wire* from Huron, Dak., under date of July 25: "l thought I hod better cover some of th* same ground that I did before to eee how the wheat had progressed since I was there. I And the wheat doing well; It la nearer being rip* than It Is around Watertown, Bradley or Lake Preston, but It la not no good a crop—shorter and a little thin on the ground, but It ta filling good. I will send you a few heuda from the ripeat field that I saw today. This field Is past all danger, except from storm. There la a great deal of wheat here thnt will be rip* In about ten days. Do not let th* black rust report* alarm you, because I do not think the wheat Is In the right condition to become Infested generally with black rust. “The weather he* been very favor able for wheat, a little hot yesterday, but there was a strong breeae. There la not ao much wheat raised her* aa there le -farther north. The farther north yeu go th* larger the wheat fields and Ih* smaller the fields of oats, barley and macaroni." Th* Argentine news today Is bullish, Good export business likely today ns a result of reduced freight* to th* aas- board. Ought to gat higher market to day. Cooler northwest ahower* middle and upper Miaaourl and Mlsslselppl valley. Fair elsewhere. Record Herald: Increasing activity In all branches of th* axport wheat trade waa quite Marked yesterday. Th* chief activity waa In the way 6f ocean freight room engagements, th* export trad* appreciating that freights could not remain at in* current low level very long In case there was any in crease In the demand for wheat from abroad. The actual aales of wheat for export, though large In the aggregate, fell far short of the freight room en gagements and very much shorter than the popularly accepted figures purport ing to show tha amount of business done. Heavy storms In Manitoba have laid a portion of tha growing wheat. Following are reports received by Finley, Iiarrelt ft Co.: From Winnipeg: Gretna, Man., re- f iorte severe electric storms. Italn fell n torrents. Damage mostly by heavy wind* laying wheat almost Hat. Cartwright, Man., says: "Bovor* storms, no material damage. Several towns report same." Winnipeg report*: ’’Heavy rain and hall. Some danger generally around ~ MocOl OPENED STEADY,- PRICES_ HIGHER The Wheat Market Wrs rnflu- enced By Strong Cables at Sturt. THERE WAS NO PRESSURI A Big Short Was Thonglit To lie Covering—Closed a Frac tion Up. -hlcago, July -97.—th* markets en the bonril of trade were typical i-,-*r nff*i «ud tb* rloelng* were tmue no-’ beet price reoetn to hore * run o' unlay and that commence to more * and below iu* cued, The fxet flrat we ore of *46 c*r* of wheat for Pm- t the aprlng wheel crop wlU — move merkctwnr-1 Auxuit 7, wa* *f*ln*t any poeribl* hull movement. On* of the largeet profeaelenala lu in. r rket ta long a big lot of wksat end lie nuxloue to get out. Th* day's tnutin allowed wheat taOKe higher, corn u The week's clearance, from ' were 1,708,000 bueheta of wheat, I eta corn, compared with 154,000 pectl) '— ’ !o* both con.i# 663.000 bu»ti- ‘ nml 773,OjO ©Pis HUT heet 1,219,000 bu.h- enrol*!*)! with respectively a TVffire. were 107.000 Iraalel* Wheat, lu. eluding 12,550 barrel* Honr, 7,7 7. bu.li.-Te corn nnd 39,026 bu.twla oat*. , CHICAGO GRAIN MARKET. Pfff, Open. nigh. f/iw. Close. I'loe*. ifi i I s ii I5H COBti- ii I ’oAT8- M14 fe* » * July... ....... .,,,,,. 19.50 19.00 Kept.. 17.10 17.15 17.0214 17.0714 17.10 Jan ' LARD— » 4w! 94H ■i:’, Ml* $ 3416 33^4 is & ir Wolsty nnd Jregor.’' Privnt# Wire to War* ft Leland. Chicago, July 27.—Receiving houses mdd wheat nt the opening and the crowd hnve been beet buyers. Ought to rally utile more. Bartlett, Frailer ft Co.; Buying Hep tember corn the only feature. They -I. Inking nil III .slglil Oats itendy; trnds rather light. Sterling about the beat seller of May. ng scattered. -.Aten ha* bodght a lot of wheat, and morkat does not respond. It acta haavy. Tho Illinois crop reports any excel lent crops of nil kinds promise abun dant yields The season’* wheat crop In slightly above th* nvernge, with ths yield slightly above 20 bushel* per acre. Com soems to be progressing favor ably. Rains would be welcome, but In two'weelu. * HitX Iiiiiv.-M In 111 111 In-lgllt Til- crop Is except tonally good and the ' ■ • .1 VI I’,I-IUI.- i Mi-iw 111 - lie eigne ot dryness. COTTON 8EED OIL MARKET. New York, July 27.—There waa lint little In the market for cotton seed nil th* early trading activity In the nra.— yseterday, and during qslat prevailed genera!!; quoted, bow*' tlon, but Tin r- pnal king in--rn level ullll uenre hard- ^■selranMeiwI. The reel, wee •teenier In the new crop mnnthe, ■■Va.small bnalsaaa waa don* at prevail-, Ing prices. A firm aland 1a maintained liy tbe bull* la tb* old crop positions, and hat small atoabs an being claimed. The^^W money lilda war* abflnt on a I boa* of Wedneaday. In con*equi y any hnalnem w*» tranmctail. good conaumpllvo demand. I’re linn* to hold firm, with Hentem October, t.'rnd* oil Is ealq ta era I* * tember 1 In Texes for August and tember shipment. Trader* are afraid to ■ell He ptember, however, and balls claim that new oil -cannot fie had hen for Sep tember delivery.—Were ft Island. July Augnat l^ptCnilXT.. ■* a* •• •• October foreniMr .. 8IDB8— m ti CA8II WIIKAT— No. S rrrel Imrtl winter .No. 1 7bU 79, 9.124 9.15 8.96 0.10 8.16 8-97H 8 82^ A 90 8.9^4 0.10 0.17% 8.H7V4 RAT- 77JtT7Uc: Na 8 76076%» M . winter 76\Oi6*4e; No. 3 do 74^75*4; 1 ii'»rtIn in *i»rln^ 79ViflW; So. 2 cla i; Na 8 do HQISc. PRIMARY MOVEMENT. Tho following flxurrg give the ji tnovomont of whont ond corn: When t— lUffikl tode, '..III V 3U.006 b Is lo«e /cor. v 1.219.0G0 btmhole, litNt )5*nr; -tii|.in«iit* igninat 49l,0Q>i Imnh* > liualuia. nlngiiRt 462,000 fuiahcla NORTHWE8T CARS, the northwest ck and laat yang AiinneapoUa. . « , Duluth. . . . . < til' iK" LIVERPOOL GRAIN MARKET. Wb* ^ ^ , *4 higher; eioaod ft t» H hifbf Toro opened tin- Ini ii k***1 ; 1:30 p. chaogrd; closed >♦ higher. Wheat.. Qm*i .. Onig.. .. Itugl.. .. CHICAGO CAR LOTS. Tode* Tomorro IS WOOED AND WON IN INSANE ASYLUM ny Private I .eased Wire. Ixia Angeles, Col, July IT.—Delmar A. Csaaetman, a son of a Chicago Board of Trade operator, and Mr*. Groce Lorton, matron at the Southern California Insane asylum, were mar ried ynatsrday at San Bernardino. Five wceka ago Caseelman waa dlachiu-ged os a patient, and, aa la suspected, nole- ly to b« near the widowed matron, ob tained employment in the aeylum of fice. The couple will reside In Hen Bernardino. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MSLLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in ail parts of the world. , Ntw Orlnns. , WARE A LELAND COTTON, GRAIN, PROVISIONS, STOCKS, RONDS, Ho. 2 Wall SIFtftrt B tilling. Atlanta. Ca. MVBltS: t York, Btm Orleaat, Chicago. Chicago Board of Trado. Ofoii Slock Cathaaga. Standard JbotoTSL WM. L. PBBU PrraldMt. BOUT. V. MADDOX. VU»-Prea MADD0X-RUCKER BANKING CO. CAPITA I $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNT* INVITED We invite accounts of individuals, corporations, hanks and hankere and offer the best terms consistent with conservative banking. In our Savings Departrrrtnt wo allow Intereat at tho Rato of 3-1-1 por cent. Compounded Semi-Annually.