The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 17, 1906, Image 11

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    1
COTTON OPENED
WITHAjllG TRADE
Quite a Fight Developed Be
tween Some of the In
terests Early. ’
JANUARY SOLD HEAVY
Clearing Weather and Be
lief Market Is Over-Bought
the Factors.
By Private Leaaed WK.
B, private Lea led Wire.
New York, July 17.—The cotton mar
ket opened iteady and unchanged to a
points higher. There was a big trade
ind quite a light on between some of
the Interests at the start today, 10,000
tales of January changing hands at
10 61 Those who were soiling It based
their actions on the clearing weather
south and belief that the market for
the time being at least had been over
bought. ,
The market for cotton futures this morn
Ins quite active In the early trading to-
dir .Sentiment was bearish, though tbo
•feet of some heavy selling on prlcea was
■light, up to midday declines hi the new
cron months being some 1 or 6 points.
The forernment a weekly crop and weath
er report was claimed by the bears to favor
the short side of the account, one wire
charting that the "report Is surprisingly
mod end does not show the slightest In
dication of damage, thus disproving, In n
large meeaure, the ninny advices recclvo.1
to the effect that the crop was Buffering
from etcesalve rains."
Miss Giles gives the condition of the
crop at 81.6. ugainst 34.1 Inst month niul
13 8 list yesr. This report wns construed
■s bearish and the market ruled somewhat
easier on Its announcement
Columbus. Gn.. wires: "We consider the
cron In our section 111 nn extremely criti
cal condition st present. The continued
rains have cauaed the plant to grow too
rapidly and become very sappy. Nothing
but occaalonsl showers, partly cloudy
weather and moderate temperatures Will
prevent Injury. Should the weather turn
Suddenly dry nnd extremely hot. It will
cause shedding snd do a great deal of
damage."
SPOT con ON MARKET.
Atlanta—Steady st lie.
New York-Quiet at 11c. _ ,
New Orleans—Steadyst He. Sales 90
Delivered on contract 200.
Liverpool—Quiet st 8.13d.
81. I^tuls-Steody at 11c.
Savannah—Steady at 10Hc.
LIVERPOOL COTTON MARKET.
Liverpool, Juhr 17, 12:15 p. ni.—Cotton,
ipot quiet, with prices stonily: middling
upland* 6.13; Mies 6.000: American 5,400;
speculation and export 600; receipts none.
Oct.-Nov.. ..
Nor.Rec.. .
Dec.-Jan.. ..
Jan.-Feb. . .
Feh.-March..
Mirrh-April.
...5.72 $
.. .6.68-5.67
...6.67
...6.67
, .6.68
'.’.in* **’■
SIS
66 6.6*6.64
TODAY'S PORT RECEIPTS*
Tbo following table shows receipts at the
New Orleans..........
Galveston
Mobile
Kavannab ....,
Norfolk
Baltimore
New York
Botton ,
l’hilmlelphla
Total
INTERIOR MOVEMENT.
Houiton
a
Memphis
Ht. Lonli
Cincinnati
Total
8002
Si
WARE AND LELAND’S
DAILY COTTON LETTER.
New York. July 17.—Additional rains In
tnp Atlantic roast region Induced more
•hort rovering at the opening of the mar
ket this morning, and, as a result, a fur
ther advance of 2 or 8 points took place.
Bo' ** the morning wore on, It was evl*
dent that the volume of buying was not
enfflclent to carry on. the advance. Borne
1*7 large trades were made, several 6,-
owtoi,. loti of December and January
c «n«lng hands. After this, buying was
2^r. prices receded on ths Mle of a few
hundred hales at a time, until the market
down 6 points from the opening.
Ji! r * * tt> ver y Uttlt a9W§ ** r, y. ln ,
end the setback was due entirely to
th# fact that the professional element
M»lna corered, there was an absence of
support necessary to prevent a reae-
At noon, tbs report on the monthly
condition. Issued by a commission house,
•sowed a decline or but .64 per cent from
the last report, which was a distinct dlaaiA
Dnntmvjt. A circular issued by one of the
T* 1 known cotton botmes in the Booth
Esther report showed nothing serious.
Jhe weather outlook was somewhat better.
The market seemed to have reached the
tor the time being.
the dry goods market.
•l.J'rivatf U.Md wire.
, '•'k, July 17.—A firmer tone was
d2fi nt . ,n the gtwda market today,
consequence of a renewal of dc*
“jod for coarse skeetlngs and drills for
domestic .nd export nee. The Chin* trade
!*• rpr ently taken 6JCM bale* of 4-yard
l!. goods, and the domestic demand
until an advance of He la
jj^orded. Print cloths were firmer snd
# heetlng» were sold for the next
NEWS AND GOSSIP
Of tho Fleecy Staple.
Private Wire to GIbert & Clay.
New York, July 17.—Price brokers are
buying this morning.
Mitchell Is founding the market.
The Journo! of Commerce says: '*The
market opened firmer for the week, with
a noticeably strong undertone In the sta
ple cottons. The sales of export goods to
China last week were larger than at first
reported, not less than 6.000 bales being
sold for Shanghnl nnd other river ports.
Inc print cloth market Is firmer on nar
row goods, nnd the mills are fairly well
cared for until September. There is no let
up In the demand for thin fine goods, either
on contract or spot delivery, and tho Im
pression Is strong with first hands that the
wonderful demand of this year will he ex
ceeded at the rctnll counters of the country
next year for these fabrics.^
Tho Galveston-Dallas News' second crop
report says: "Five hundred nnd forty-two
reports from correspondents showing con
dition July 12 to be 10.9 per cent better In
Texas than same date fast year; 6.7 per
cent better In Indian Territory. Same as
last year In Oklahoma. Texas conditions
more nearly uniform than for sevcrnl pre
ceding seasons. Many corespondents sny
prospects best since 1900. Excessive moist
ure reported from seven counties. Else
where apprehension expressed that there
may bo too much rain. Thus far little dnm
nge from pest. Doll weevil reported in six
ty-slx counties. No damage lo forty-six of
these. A little damage In nine nnd much
in one. Crop, as a whole, well frnlted.
Eastern nnd southern Texas n little ear
lier than last year. Elsewhere two to three
weeks late. Picking In progress In most
southern counties, conditions in territories
? ood except too much rain In portions of
ndlan Territory. In western Oklahoma
the crop started badly.
Liverpool 30* up Is slightly better than
due. An advance of 2-&3 points wns ex
pected. • '
Would strongly adrlss keeping out of Am
ust, unless protected by snot cotton, as
rakers who operate for the bull crowd
are selling this option this morning.
Market dull, but steady, with new crop
months showing tendency to sag.
In the Carollnas, which are dry.
The western forecast Indicates unsettled
weather with probable showers for all
states except Arkanaas, where psrtly cloudy
tyeather Is expected.
Locals arC gradually accumulating a long
Interest on acount of ths bulllshly expected
weekly report snd also In anticipation of
an Improvement after tbo Issuance of Miss
Giles' report.
Private Wire to Ware A Leland.
New York, July 17.—The cotton market
opened about as expected.
Think the market can be bought on any
little reactions for the present
Cotton market Inclined to broaden out
All QCIB OS UlDUgU 1L WOTO UTcrWIU. 3 s“-
lleve cotton can bo bought on any little
declines. Think will hart a gradually high
er market.
uary at lO.flu from
rerpool cables: "Markst steady. It
would have been better but for'Smith Ed
wards 4k Co. sailing.
with .1.003 bain ot notion consigned to
Yotku, Tex., wire,: “Pint be), received
her. yesterday afternoon. Two day, earlier
then laet eet*on."
Market very Bleed; on beery ralna' In
Texee end Georgia. Look! higher.
The cotton tnerket opens barely ■
up to 9 off. Tble Is "
The cotton market opene barely steady I
„p to 9 off. Tble Is rather a disappoint
ing opening In tbe face of alsivet general
ralna orer the belt
The weather map Indicates showera orer
tbe greater portion or tbe cotton belt.
ADVANCE CAUSED
BY HEAVY RAINS
"Henry rains in Georgia ana eisewnere
east of tba Mississippi, where tbe held,
are laid to be getting grassy, bad more
than anything else to do with tbe adranc.
which took place. Yet talk of a July
squtese In New Orleans wss not without
some sentiments! effect. Frank R. Hayne
and William P. Brown, with others, are
said to b. In charge of the July deal there,
end If currant reporta are true there la
stilt quit* a large abort Interest In the
option. Some of It la said to be In New
York, and one of tbe rumora of tbe day la
that 10.000 to 15.000 hales will be sent from
Vew Y’ork to New Orleans for delivery on
July contracts, lu spite of the fact that a
revision of the differences at New Orleans
would make this, a mere expensive move
than It would hare been recently. Tbe
reeelpte at the porta and Interior towns
wen small, spot markets were Arm and
w>me of the dir good* report, very cbeee-
fnl. The great drawback M. there la to
Ittle business. Outsiders held alokf and
professionals th.me.lvea do little.'the die-
position being rery general to await areata
sober than to plunge with the eta. of
the crop atlll undetermined. Yot wire
houte. bought with rathergraater freedom
at times for tbe Booth, where ther. to a
larre ihort Interest which may be getting
a tittle nervosa over the. rather unfavor
able report* which war# being reeelved from
parts of Georgia and tbe Carolina*. —
GIbert A Clay.
New Orleane. July
••With New York femmlttfd.t*_t**J«gg
iSUSJr-rid.*of tiftK
constant endeavor on the part of
■weTr* artist and the cooperation of the
Southern spot market In defense of «k#
wuS n .'ke CO °.SS Ct of'fhe
§L ellensl'^nmelentir
■ ALABAMA ST.
GIBERT & CL.AY
SLtTON. OBA?N. ATUANTA.8AA.
corree. provision*
HIHBCk*'
York Stock Exchange.!
f :k Cotton Exchange. :
>rk Coffee Exchange fSew unrhm — -- .
Private Wires to all Exchani^ R pA0ANi Manaoar.
••I «nrf Lono Dlatane* Telephone 5298*
York 8tock EicbangeJNew Orleane Cutton Exrhange 'rhlrsgo^noer^o A , t ,
York Coffee Exchange !n'w oT". BmM of Tr.JeJri.I—n lotion Exeheu
STOCKS STORIED
FAIRLY ACTIVE
Majority of Active List
Made Material Gains Dur
ing the First Hour.
LONDON SMALL BUYER
Trading Element on Floor
Turned to Bear Side This
Morning.
By Private Leased Wire.
Now York, July 17.—On n very much
smaller volume of business this morn*
trig's market fluctuated with a good
deal ,,f Indecision. Thou- mt*
pressure to sell and, therefore,
v,nptiimih of reaction, mi 111" "tlirr
hand, stocks were more freely SUP'
piled, around the high figures for most
of the active Issues than they were
yesterday.
Prices started out higher In sympa
thy with renewed strength on all the
foreign markets. The great part of the
share list went on this advance a trifle
higher than the best they gold for yes
terday. Then the supply for solo In
creased and tho upward Inclination
was checksd. Southern Paclflc, on the
usual dividend talk,, was bought with
some confidence st higher prices, but
this was an exception. Generally, the
trading waa very dull and resulted, up
to noon. In no changes of consequence.
The professional contingent were di
vided in their sentiments, but the ma
jority of those who cared to do any
thing at all were disposed to operate
for a reaction.
The stock market opened quiet, but
firm, with average gains of from 1-4
to 5-8. Quiet was generally recorded
In the more prominent Issues. The
heaviest trading at the start was In
Reading and Amalgamated Copper. Af
ter the opening trading the market con
tinued quiet and steady at about open
tng level.
The market showed a fair amount of
strength all through the first hour and
the upward movement, which started
after the opening yesterday, made fur
ther progress, the majority of the ac
tive Issues making material gains. Tho
buying of Southern Paclflc, union Pa
cific, St. Paul and the Mill shares all
came apparently from the same source.
London was a small buyer of about
15,000 shares of International stocks.
The trailing element nn the Ilnur
turned to the bear side this morning,
basing their acUon on the belief that
nearly all the buying so far on the up-
werd movement has been covering of
shorts without any Increase In outside
speculative Interests.
LONDON 8TOCK MARKET.
1 pa
Atchison
auadlen Paclflc
;blc„ Mil. aud St. Paul..
'do, preferred’..’ !.’!.
Illinois Central
New York Central
Pennsylvania
Reading
Southern Paddc
Union Paclflc .
United States Steel..
do, preferred
GOVERNMENT WEEKLY
REPORT ON WEATHER
Alnbama-Tbo dnya were comparatively
cool, but the night temperature* were era-
sellable. The rainfall won generally light
to exceestve on tbo 11th, Lth, 13fb and
lttli, tbo cxreas being greatest In central
nnd cant central countries.
Arkansas—The sunehlno wee allghtly be-
Bw the average. The daye were moderate
ly warm, but nights were generally too
cool. Well distributed and beneficial rain*
occurred over the greater part of tb* atate,
breaking tbe drought of two weeks' dura-
lion hi som* Southern counties. The rain
fall waa above tbe normal In moat .section*.
■ Georgia—The weather during the week
was cool and cloudy with frequent ralna.
a Bie mean temperature ranged from I to 8
[reel below normal. The rainfall*was
Considerably over the average In most_eec-
tloni, heavy to excessive falls occurring
on tbe 13th nnd 14th. Sunshine Is needed,
Louisiana—'The temperatures were nor
mal or slightly below, leatured shower*
occurred every day, the rainfall bring heavy
n Mine sections and very light In uthcra.
The sunshine wee mueh below tbe normal.
Min!asipnl—The .weather wee mostly
cloudy with dally abowera, ralna be ng gemd
.rally heavy except over a few amall araal
The temperature was uniform end mod
North Carolina—The precipitation we
generally below normal, hot wee excessive
in niece*. There was moch lees damage
by heavy ralna and overfiow* than In the
preceding week. The forepart of tbe week
was warm and the latter part cooler. Tem
peratures averaging two iegreM below the
enrred TrequenUjr'In "aljTpart# of <he sec
tions effectually breaking tb* drought In
•outj^'carolfna^flnnehlne, temperature
and precipitation much below normal, al
though heavy rains occurred In the eatrem*
northwestern southern and meat section*.
Teaas (Galveston)—There wee much cloud
less with numerjm* .abowera and thunder-
Si except ta Rio Grande ralfey * T ndI'in
many southwestern and eastern counties.
Temperature averaged from 4 degree, bee
low normal In nofthweatern counties to 9
degrees above normal on tbe MUthweetera
coast.
low the normal
fimplo, being
n eastern al
ight In
_vy Is scattered localities
western eertioue, bnt very
is of tbe middle sections.
GIbert A Clay's Dally Cotton Letter.
Now Orleans, July 17.-Tho fear, as vat
unfounded, that the heavy raise of ibe
present have wrought some damage to tho
tt^.t^'ois.jK'w'bTbr’r^Jb
■slot, netted a gain on the dose of 9
points. Spot quotation awere I point* up.
■tea amounting to LfiM he Ira. Current
months.alone were eteadv at advance this
morning ds* to further abort covering, bat
-Web leads to that month to become pot at
of danger for epeculatlve porpose* as Jsltri
lave proven to be nnies*, of ro.ro*, tk«
• nterett I. protected by epot cotton IMt
tent position!, however, ehowed a decided
tendency to. mg despite the conUaned and
comparatively hearr rainfall In almost all
■returns of ths belt except the Garptlnae.
JLv. U surprising In tb* fare jja
prolonged spell of wet weather, and this,
together with the half monthly roodttion
figure* of Miss Gil**, namelr. ill. gave to
the market price* as raster tendency.
RANGE OF NEW YORK STOCK MARKET
iJan'-re:
Amalgamated Conptr..
Atlantic Coaat Lina...
American Kugar Refining
Anaconda
Amcrlcau Locomotlrt
* do preferred
American Smelting Refining
do preferred
Atchison
do preferred
Amrrlcnu I'otton Oil
Baltimore and Ohio
Brooklyn Itaj Id Transit
Canadian Dnclilc
Chicago and Northwestern
Chesapeake and Ohio...
Colorado Fuel und Iron
Central lecathtr -
do prefariMd
iiw jirncirvy
Chicago an«l Great Western
« IiIi’hk’". BMhUM and Bt. Fan!
Delaware und Hudson
Distiller's Securities
Erie
ElectrlCc
Illinois Central.....
American Ice Hecuritls#
Lonlsvllla and Nashville
Mexican Central
Missouri Pacific
S ow York. Ontario and Western
ntlonnl Lead *
orthorn Pacific.......
New York Central..
Norfolk and Westtrn
Pennsylvania J
People's Gaa.."
Pressed Steel Car
do. preferred
Pacific Mall.,...
Reading .’
Republic Steel
Rock Island
do. preferred...
United Btatea Rubber
do. preferred.
Southern Pacific
Southern Railway
Tennessee Coal and Iron '.
Texas and Paclflc.....
Union Paclflc...
United States Steel
do. preferred............
Vlrclnln-Carolina Chemical
do. preferred
•stern Union
(hash «...
do. nrtferred....«...
Wisconsin Central
do. preferred
RANGE OF THE COTTON MARKET
AT NEW YORK.
ea in x*aw xotk lov.ar:
Last Previous
July °SX>‘ ilSf’ iojT 10*2“ m'rv~7 Kiruza
Aug. .10.18 10.98 10.9* 10.31 10.30 31 10.34-2
Bept .10.43 10.48 10.87 10.80 10.87-89 10.41-48
cl. .10.47 10.5 10.39 10.41 10.41 42 10.47-40
or. .10.40 1 0.48 10.48 1 0.48 10.42-44 10.4400
S: M 88 itS !S:S«
let. liblW low io!tt i’oloi !o:s!« loes-eo
Closed atendy.
AT NEW ORLEAN8.
Ths following I, tho rang* In cotton
future* In N.w Orleane today:
* “■ rrevtoue
Close. Close.
11.28-24 11.3580
Juty
Aug. .10.87 10.88 10.78 10.
Hept .10.00 10.60 10.65 10.1
Oct. .10.46 10.46 10.86 10.1
a M S3 M isiii ip\
eh. li’att ii>:« io!is ib!is wi m
Closed steady.
TIPS FLASHED
From Wall StrooL
■rlvoto Wire to GIbert A Clay.
Now Y'ork, July 17.—Daniel Odell Sc
Co.: "Purchaaca of good atoi-ka on roeea-
i of moderate extent will, we believe,
tb* beat reaulta for a few days, aud
while wo would not abandon tho trading
ixieltlnn aud would take fair returns, the
situation Juetllle* n profernce for the
long bids now of tha aetlra Inure lie
cans* of tbe greater Improyement In mon
etary affair* chiefly."
No special feature to tba stock market.
It la highly professional. *
Um* on It will Ire easier to make
money on tbo long aide of the market tban
nt any time sine* tba .Bar ”—-— »*-
— „ W l, 0 , re |nc|
tbe market to,.-
.. .... ...*n raced* moderately, but do
rat think that prices will reach tb* low
syct from which tho preaent rocortry
started. Yesterday there was mneb more
trading on the baala of this theory than
tboro Tiaa boon for aom* weak#. ^ Tb«we
wbo ar* still desalmlatlcally Inclined main
tain that tbo decline from this recovery
will carry price* to a - now low level,
while It la probably true that bearish sen
timent la alronger than tlmt In favor of
high price* now, apparently conservetiv*
hie, are taking a more bopefnl view of
situation.
14 for both money and accoaot ifi Lon
don.
Ixmdon steady.
Advance* started yesterday may carra
ba markat hlgbtr aa the abort Inlereat 6
arge and there le bull talk on Ht l'aul.
Baltimore and Ohio. Ateb ton. Mlajourl
l'aclflc, Locomotlv* and Hteal preferred.
Iron and Steal trade condition, reported
of tho boat, with biota of Copte r divi
dend being raised to » per coot. It l»
doubtful, however. If gUvanras ran bs held,
for operation* are .largely professional,
with rery little outelde Inlereat manifest
ed. consequently look for a mam of atocka
to b* put on sal* whenever strength de
velops. *
81a million on* hundred and eighty thou-
•and dollar, W»b,eh 4H« squlpmsnt.bond,
are offered for sole lu Paris, and Indies-
tlone are they will find a ready .market,
owing to the deotre of Inreeton to with
draw from Kueota. Tbla ataramont abonld
rad op to an Improvement In other under-
ylng Wabeeh bonds, aom* of them bring
>n the 4 bargain eounter.
NEW YORK COFFEE MARKET.
Following Is given tba opeplng and closing
qnotaUona of tba Now York coffo. market
today:
• Openlnr. Closing.
Jnnaary 6.658.8S I.55A83
@3fTr—::::: IS*” IMS
1.=== \r.«
July .j 8.10-8.2 1.1
lllil
NOTES ON GRAIN
Pointers on Provisions.
Chicago, | r j oly if.—Parfi^^ Openl^nx ^ou
rrtvatc Wire to Ware & Leland.
Chicago,. a
Rngtleb country markets quiet,
eady: t —
wheat *ml flour cay
Friday a cloae.
( On peeaaM wheat l*M offering; corn quiet
Wheat acUng heavy at the decline, and
•hort llhea out again. Ought to rally a lit
tie. hut liquidation will be fra* It It gull
below 78.
Tbo order* for corn are In September
this morning. CommlelMii house* have
the buying elde; elevator* the other. The
cash situation la anything bat bulllah.
Oats a shade easier on ecattered selling
hy rash houses, Buying by local! and pit
crowd. Trade light.
a ahull* lower on tho
Ja , k l |?'daT UI }m*k* l r 0 * “ October lard, by
wae buying liy local
vklLp- ......
Ulaneapolta: '1 don't think MlnneMt,
rater aa much wheat as teat year, but re
lieve North Dakota and Manttotm will rata*
considerable more, tweed on present con-
illtlune, but It will be four weeks before
ht crop la safe.'"
Nye, Bnydor A Co., Oramont, Nehr.:
'Full raporta from Iowa aud Nebraska In-
Heats that tho oat crop la fully equal to
■at year, lu quality and quantly. Corn
■n prlmo coiidltroii and larger acreage, baa
grown faetar la th* laet ten daya. and Is
now aa high aa last year at this time.”
David T. Coon, on* of tbo largest Bt.
nol« traders, who baa spent two weok, on
hie farm, near Fort Iteolt, Kane., aayaj
of oata that apparently would yield
da to tb* acre aftsr cutting would
A Liverpool hones cabled: “Wheat ad-
anelng with bad weatbtr raporta front
.louth Itueila. Shipments are too amall
to allow of any decline. Corn quiet, but
rather steadier, ’
Cash business In Chicago Monday wai
90,000 wbest, 40,000 No. 3 bard for export
^ ulntb, 40,-
ChTeago, 150,-
^ buahcli at lbs
gulf.' Thera were no sales of corn or oata.
Dtlivtrita on July contract* yesterday
were 55,000 wheat, Jfe.lMO corn, id!00) oata,
20 barrels pork and 800,000 pounda abort
WEATHER IN COTTON BELT,
rein* -Tyler, cloudy and warm! Ban An
tonio, light shower last night; now cloody
•nd warm, lumen, dear and warm. Hous
ton. cloudy nnd threatening.
Mlesluelppl-Yaioo City, cloudy and cool:
Imid rain yesterday. Natrbas. partly cloudy
and cool; bard rein qreeterday. Jacks
nid 11n-I-1 , ni.l ruin i
day. Ilatllrahiirg, mined ycetardnv nfter
noon: now rlmidy and pIcaMnt. Meridian,
cloudy and threatening; bard rain yesterday
August .
September
October ,.hm
November 8.404
December 0.60
Closed steady, Hales 29,95a
COTTON 8EED OIL MARKET,
New York, July 17.—Tboro was a tnoder
_t* trade In Ibe market for cotton
oil during tho early aosaloa, with pi
flrmer. showing an advaact of 14014c from
laturday. Offerings ware romparatlvaly
ling tha atrength ot tha eat*
of tba ahort alfta. Pricaa at tha eloaa wara
He lowar to He hlghar.—Wara * Leland,
Opening
Itnnirp. Clojo,
July mu. as
Auguet
November a I
December ••••«•««•
SOUTHERN EXCHAN6E
Olflost EaUbllahcd office South.
COnOH—STOCKS MHOS OMIN
Ground Floor Gould Building. Dally
market loiter and market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, BRAIN
Corrtspomlent's CipKal $250,000
RCrKRKNCC. TMC NEAL BANK
PHONE 1417. PVMJDCNTIAI. BLOG
HUBBARD BROS & CO., Sins
Atlanta Offices. 219-221 Century Dulldlng.
Member* New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton A*«o-
elation, Chicago Board of Trade, New York Cof
fee Exchange. New York Produce Exchango.
Business solicited for the above exchanges.
Direct wire aervlce. Correspondence Invited.
noon; now rlondjr and pleaaa
cloudy nnd threatening; hard i
artarfioGh. .
Alabama-Mnhiin, clear and warm; hard
rain ye«tania7 afternoon. Montgomery,
partly cloudy; rain yeatarday. Opelika,
cloudy and threatening; hard rain yeateMa;
afternoon. Klrmtogham, drizzling; bssl
raining alnca 3 n. in.
WEATHER IN~WHEAT BELT.
IUIoola, Indiana, Lowar .Michigan, Upper
Michigan. Wlsronaln, Mlnnoaota, Iowa. Da*
kotaa ana Nebrnilin -Pair tonight nnd Wed*
neaday; warmer toolgbt.
WEATHE|TfORECA8T.
Igoulalana—Showera Tuaaday; cooler
northwrat portion; Wedneaday paTtly
cloudy.
Georgla-Bbowers Tneailay and Wednea-
''"/iahema-fihoweri Tuesday and Wednea-
''Yl’laalealppl-Hbowera Tuesdayi Wsdn'ea-
<, *'^M* rtl lnorid'a-Hhowfra Tuesday and
W «A.-P.„.y cloudy Tuesday; show*
era In nolth and Mat porilona; Wednesday
partly cloudy,
Arkansas I’nlr In west: ehownrs In east
nn] I Imi Tilt lay | Wedueedey fair; warmer
In cast pnrtlon. _ ,
West Tcxiis-Hbowere Tuesday; Wednea
day partly ebrady.
L. J. ANDERSON A CO S.
DAILY MARKET LETTER.
SELLING ORDERS
T
Yesterday’s Advance Was
Regarded As a Hard
Spot to Sell On.
SELLING WAS GENERAL
Chief Influences Were the
Liberal Receipts in Chica
go and the Northwest.
By Private Leased, Wire.
Chicago, July 17.—Wheat Buffered a
■harp drop In price, Anal figures show
ing net Iosms of 10144c. It »u a cos,
of both the gnat wheat belts hedglnr
against the actual grain. Tho bulla
did not rsllah th, selling. There waa
buying by short. In order to secure
profit, and In this Canby wa, a leader.
Paddleford held an nrd,r which was
limited a* to quantity to buy Heptem-
bsr and sail July at He difference.
Th* world’s available supply ot
wheat decreased 4,100,000 for the week,
corn ^decreased 1,881,000, and oats ds-
creased 481,000.
Reports from the spring whsat coun
try on crop condition are generally fa
vorable.
Corn and oats doted quiet. The for
mer waa 450 lower, and the latter
wag off Mil Me.
Hog product, were narrow late.
Cash Mlt, were limited to ten loads
at th* seaboard. At Chicago 15,000
wheat, 86,000 corn and 100,000 oats.
Primary receipt, ot wheat 1,197.000
and corn 784,000, compared with 790,-
000 and 584,000 respectively a year
ago.
Claaranca* were 09,000 wheat (all
flour), 68,000 com and 888,000 oata
CHICAGO GRAIN MARKET.
.2P*»
AT—
Wheat ....
Cera
flute
Hogs
LIVERPOOL GRAIN MARKET.
Wheat opened M lower; 1:30 p. m., ’i
44 lower; cloeed M to H lower.
Corn opened onehimaed: 130 p. m.,
to 14 tower; cloeed M higher.
NORTHWEST CARS.
New Tork, July 17.—The Liverpool
opening this morning showed an ad
vance of 8 to 4 points, 71th spot isle,
of 8,000 bales at an advance of I
point,. Our mark,t opened strong at
allghtly higher price,, but after thq
opening aom* selling set In, apparent
ly from purchaser* yesterday who ware
taking protit*, and price* began to
slid# back slowly. Up to noon price,
gradually worked lower on tho failure
of any organlaad support to appear,
and at this time am 4 Co 4 lowar. Th*
new* from tho belt shows no stgnlflv
cant change, rain balng reported from
nearly alt localities. The bull, argu,
that In some aecttona a large amount
of damage has boon done, whereas
other, claim that rain. In July cannot
be other than bentflclaL Neverthalaaa,
considerable uneasiness la manifested
among shorts and a disposition be
shown to cover on all soft spots.
61M
us
43*4
37S
:u\
I5M
19.00
5144
rs
si'v
35S
Sis
4'JS
nigh.
WIIKA'-
July..
Hopt..
D#<? w
COBH—
July.... R1H
Rapt.... f-lS
Doc..,., 4&S
OATB—
July JTH
Hopt 34*1
Dec 86V5
1’OHK—
July... 12.00
Hopt., 17.33H 17.40
Jan.... 14.80 14.85
LAllD—
ft? iS m HC.ftt
is mjfr s m
C A fill WHEAT—
.No. 2 fNl 7IH«7II Ko. • do 77078; No 2
hard winter new 7TO7I; 3 do i640><;
‘ ■■ ' ; No. 2 do 79Va
12.00 18.^
14.10 14.15
9.10
IS
D.l.’H
gSi; , Nr , . h 'd r ,“^‘
CHICAGO CAR LOTS.
Today. Tomorrow.
21,000
Mtonoftpollf i
Duluth „.,.«!
Chicago .....
PRIMARY MOVEMENT.
o following figure* give the primary.
„ . jment of wheat ancl corn:
Wheat — Receipt* today, l.UW.OOG hnahele,
agalnat 790,000 baahala Inst yaar. Hhtnmenta
totlay 326,0u0 huihala, agalnat MiM** f>ueli*tU
bu»h**la, ogalnat 3-iS, 1
ilp,
*4
Rr
THE METAL MARKET.
’rlvato Loasoil Wire.
n York, July IT.— 1 There were mot
oral offerings In lln. the tone imi«
what easier and price* unchanged.
Copper waa dull and nominal.
Lead and spelter were doll and
changed.
ATLANTA NATIONAL BANK
ATLANTA, GA.
c ■ CUHRIVR. President A. E. THORNTON, Vloe-Presldwnt
H T. INMAN, Vlo«-Pre*ld»nt OHO. R. DONOVAN, Ceehler.
JAMBS S. FLOYO, Ase’t Cashier.
Capital $500,WO.#0
Surplus and Undivided Profits $506,006.90
We Solicit Your Patronage.
TU06. J. PEEPLES. Cashier.
JA8. # 0. LE8TER. Aaa t Cashle
Nt* OrltMMi.
WARE.&LEJ
COTTON; GRAIN, PROVISIONS.HiTUCKS^BONDS,
New Urk Cello* Ixtkayt.
New Orient Col ton letLeage.
Lliervso! Coltoo Atiodst o«
rtlrole Wires to New York, New Orient. Cbinge.
Bell Fkne 1262.
CkUego Betrf (I Tnde.
Lhlteto fieri tukeage.
New Yerk Collet Ctcbnge.
—I 0. C COTHtAH. Meeaaer.
M ‘ fllHi
Stnlerd Phene TH.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT ft INVITED
Wo invite accounts of individuals, corporations, hanks
nnd bankers and offer tho best terms consistent with
conservative banking.
In our Savings Department we allow Interest at the Rate of 3 1-3 per
cent. Compounded Semi-Annually,