Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, August 02, 1907, Image 11

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•i'iLE ATLANTA GEORGIAN AND JNEW». CONDITION REPORT IS VERY BULLISH Improvement During Month of July Was Very Slight. LOWER THAN HOPED , Figures At 75 Compares With 82.9 Last Year; 74.9 Year Before. New York. Aug. 2.—rrlres at the opening of the local cotton market this morning were points higher to 1 point lower, most 0 f the shorts having covered yesterday. There was an evening-up of long accounts in preparation for the government report, whirl) weakened prices 2 to 3 points after the rail. . The trade generally expected ft condition report of about 77; and as these figures had been discounted, pries changes during thi morning were within narrow limits. Immediately preceding the publication of the report October was quoted at 11.94, pemnner 12.08, January 12.12 and March J:\14-practlcnlly unchanged, except for Msrrh. which was 7 points lower from Thursday's final figures. Busluess was Terr light. At noon the condition was flashed over the wires at 75, and for nbout a minute the wires were Idle. This condition had not been discounted, and It was up to the nhorts to do something. It took them just one minute to decide and to act. and on the scramble to cover by this element, aid ed by some good buying by the bulls, a sharp advance was established, Oetobet 12.20, December 12.24, January 12.33, March 12.13. At the high point, proflt-ti buyers caused n recession of several points between 12 and 1 o'clock. After the spurt of activity after the publication of the condition report, the market quieted down and top the remainder of the session ruled dull, with a downward tendency, reports of rains In Texas being the depressing Influence. The close was barely steady net 3 to 10 points higher. Following Is the report on the condi tion of the crop as of July 25, as com- pared with previous years Virginia N. Carolina.. K. Carolina.. Georgia Florida Alabama .... Mississippi .. Louisiana ... Texas Arkansas .... Tennessee ... Missouri .... Oklahoma ... 1. Territory. Averages 1906 1906(1904 G6 83 78 190 81 72 79 91 81 74 82 91 85 95 .. _ 83 95 74 185 82 |91 72.0 76.0|82.9|74.9|91.6 73 1903 Comparative receipts nt all U. S. ports Net receipts Friday 1 Same day Inst year 3,321 Decrease 2,504 Total receipts for tho week 9,202 Same week last year 30,289 I teerenso 21,087 Total receipts since September 1....9.816,791 Same time last year 7,783,960 Increase 2,032,831 Estimated receipts Saturday: Now Orleans - None 470 Houston 50 to 100 378 Movement nt Atlanta; Receipts Friday None day Inst year 87 NEWS AND GOSSIP of tho Fleecy Staple. Special to The Georgian. (From Hayward, Vick & Clark.) New York. Aug. 2.-J. 8. Bache & Co.: Liverpool whs due 2 lower on near months- and unchanged to 1 lower on late months. Opened quiet 1%-polnt decline ami at 12:15 higher ou uenr and ■hv'i higher on Into mouths. Spots quiet, 2 points higher: middling 7.28; sales 5,000, American 4,500: cpeculatlve and export 500; Import? 2.000; American 700. 'I he Liverpool market will be closed to morrow and Monday-holidays. Liverpool shows some improvement Tho day a movement will hung on the figures of the bureau, due this morning. The board looks for 77 per cent. The conditions iu Texas do not rhow Improvement. High temperatures continue lu the Southwest. Cotton goods houses report uusurpusalng business during July. Should prices cum. off before the bureau, advise purchases or it scale, for we look for n higher market, even If the figures are considered bearish. (X>tton opened nbout unchanged without feature, lienta sold some October. Following rtre il a. m. bid*: August 11.49; September 11.53; October 11.88; January 12.00. New Orleans. Aug. 2.—Hayward. Vick & Clark: Mnrket opens about 2 points lower, and now tome cnsler ou weather selling. Much depends on official weather fore casts. Weather more favorable. Shows gener ally cloudy light showers In north Texas. Mississippi, Louisiana, Alabama and the Atlantic*. Weather i* generally fair ov south and central Texas. Owing to a favorable weather forecast for the western belt, promising showers for Texas and Arkansas, even a bureau 77 Wbuld cause aellln* This weather outlook spoils bullish chances considerably, and now think the market will give wny. Expect some selling this morning on ft cloudy weather innn. Personally, look for ft henrlsh bureau of over 77 for the reason that tho government made the condition ho low Inst time. Would surely buy it on decline. general expectations this time ns It Tow expectations Inst time. Rome li quidation nud lower prices expected this morning. NO NEW DEVELOPMENTS Ity COTTON YARN MARKET. The New Y'ork Commercial; Nothing new has developed lu the cotton yaru mnrket aud business Is quiet. Buyers who have been using the lack of demand as n bear nrgument. hoping to force some selling agents Into granting concessions, have full ed In their efforts. The market, taken as a whole, Is In n very firm position, and with spinners well sold ahead, lu many cases Into next year, no anxiety Is being showti by selling agents to secure new bust- ’uesn. In quite a few cases spinners have refused to accept any further business at the pres ent time as they have nil they can handle on their books for some time to come. Since the present week opened some Inqui ries have been coming to hand and theso would seem to show that, In spite of the heavy buying early In July, some manu facturers are not yet fully covered on yarns. Where sales have been put through within tho past few days , full prices have been secured, especially on anything like spot deliveries. Southern two-ply chain warps have oecn taken In 20s nt 26%o, while It Is claimed that one large order was put through nt 26c fiat for deliveries running up to The end of the rear. In single skeins Southern yarns 20s have also been taken nt 23%c and 1C* nt 22%c. In two-nly skeins 16n. 20s and 24s have been called for and orders have been put through for inoder- r iorted ns having been put through on 12s. 6s and 20s. lu frame Feeler cones 20a have brought 25%c, while one order Is re ported to have been put through for early delivery at 26c. Selling agents are not wor rying over any decline In price and Appear Edited by Joseph B. Lively Mr. Lively's twenty-firs years' experience of ed iting markets la Atlanta and the South has mads him a recognised au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Decrease Shipments Friday Smne day Inst yenr Increase Stock on hand Friday Snnte day Inst year,... 2,721 1,345 1,376 Print Cloths Are Wanted. All classes of bnyers are showing nil eagerness to get print cloths for forward delivery. Most of the large print doth mills nro sold ahead Into next yenr and are only able to 'take filllng-ln orders. ** row good* command top figures for fie ry In November and December. At 5c . ers nro willing to tnke 28-Inch 64 by 60s ns far ahead ns mills will sell. Ou contract agents are getting 7c for wide standard* for delivery through to January. Tho high count wide goods are selling ahead freely at top prices. Aiual. Copper Am. Ica Securities. .. . Am. Sugar Refinery. / . American Smelting... . American Car F. . . . American Cotton Oil.. Anaconda Atchison do. preferred. . .. jlcsgo Sc Alton. . . . Consolidated Gas. . • Central Leather. . . . do. preferred. . . . Colorado Fuel & Iron. Corn 1'rodace Colorado Southern. .«. Delaware & Hudson.. Deliver Sc Illo Grande. Distillers' Securities. . Erie do. preferred. . .. General Qlectrlc. . . . Illinois Central. Znterboro do. preferred. Kansas Sc Texas. 13651 111% NAME OF STOCK. huusu* & Texas pfd. . Louisville & Nashville. Missouri Pucittc . * . Mexican Ceutral . . . New York Ceutral . . , Northwestern National Lead Norfolk aud Western . , Northern Pacific . • . , Outariou & West Pennsylvania Pacific Mall People's Gas Co. ... , Pressed Steel Car. . . , Heading Hock Island ....... do. preferred . • . , Hepub. Irou & Steel . . do. pref . . Southern Pacific Southern Hallway. . . . do. preferred . . . . St. Paul Tenn. Coal and Iron . . Texas Pacific Union Pacific U. 8. Rubber do preferred . • . . U. 8. Steel do preferred Western Union Wabash do preferred 55 &3 ri 0 e> 83 O 5 q 33 «?* 87N 112 112 74% 7tt4 7414 iii% ins iil~ iiii4 74" 7«H 74*' 74% 131% 13214 131% 13214 12214 122X 122" 12214 9J" »>5 00~ MW 102H 103% 102% nSii 21% 211* 21 47% «*4 4-C 89% siii 89% 89% 19% mt isti 18% 132% 133“ 131?, 133~ 143“ 144'* 142% 143% 3414 34% 3444 34\ 35% 36" 35% 100% ioog 100% 100% TIPS FLASHED From Wall Street Special to The Georgian. (From Hayward, Vick &.Clark.) New Y'ork, Ant. 2.—J. S. Bache Sc Co.: London mnrket *hows a traders' rally from the low points of yesterday. The sharp ad vance near the close yesterday was due to covering and buying of foreign arbitrage bouses who looked for advances In London this morning. These advances are hot ma terial and no doubt these stocks Will be for INT dug. this Total stock sales 297.300 shares. NEW YORK. The following is the range in cotton fu ture* in New Y*ork today: Aug.. . . Sept., .j. Oct. . .*. Nov./ . . Dec.. . . Jan.. . . Feb.. . . March. . May. * 5 11.71111.62 11.74 11.52 Closed barely steady. M I II 11.61(11.56-58112.53 ■ 11.66 11.66-68(11.59-60 1106 12.03-04 11.93-91 12.05-07 11.95-97 12.12 12.12,13 12.03 1122 12.21-22 1112 12.25 12.24-26 12.15-17 12.34 1131-32 12.21-2.’ 12.40(12.41-42 12.30-31 LIVERPOOL. Following Is the opening range, 2 p. m. aud close, compared with yesterday: Futures opened steady. Opening Prerloai linage. 2 p. m. Close. Close. August 6.90 -6.89% 6.90 c.88 G.S9 Aug.-Sept... 6.78H-6.77Vi 6.78% 6.76% 6.77 Sept.-Oct.... 6.64V4-6.65 6.64% 662 6.61 Oct.-Nor.... 6.58 -6.69% 6.59 6.50% 6.58% Nov.-Dee.... 6.66% 6.56 6.53% 6.55Vi Dee.-Jan.... 6.64% 6.54V4 6.52% 6.54*4 Jan.-Feb.... 6.63 -6.64% 6.54 6.51V* 6-53% Feb.-Mar 6.51 Mar.-April... 6.55V4-6.56 6.56 6 53 Aprll-Mny... 6.55% 6.w>% 6.54 Mtiv-June... 6.67 -6.57% 6.57 6.55 Closed quiet. 6.55 6.56 6.57 NEW ORLEANS. d l C i i 24 is 1 0 il Aug (12.75112.75112.75 j 2 “5 2.65 113.56-60 Oct. Nov.. . Dec.. . Jan.. . Feb.. . March. 12.50 12.18112.36 12.36!12.57|12.30|12.48 12.35-36 12.24-25 12.31-33 12.20 22 12.30-3l|l2.19-20 12.37-38112.19-29 12.41-43 12.30-32 12.48-49| 12.36-37 NOTES ON GRAIN. Pointers nn Provision*. Chicago Record-Herald: Speculators nro counting on a sharp decline In the north western markets providing there are no fur ther black rust or frost scares soon. The big discounts at which Ipard winter wheat Is Helling at Minneapolis—8%c below the price of No. 1 northern—are expected to under mine that mnrket. ns there Is 110 such dif ference In the milling valtm of the wheat. The big millers of the northwest, however, have for a long time used the price of No. 1 northern flour. In times wheu No. 1 northern is plentiful it Is hard to find any wheat of thnt grade that rs good enough to ’bile No.'2 ban! winter sold nt 6c under SPOT COTTON MARKET. Liverpool, steady; middling uplands 7.28. Atlanta, steady; middling 12%. New Y’ork, steady; middling 13.25. New Orleans, steady; middling 12%. Augusta, quiet; middling 13V*. Savannah, firm; middling 12%. .. ft ng 131- 1 nnriesion, inmuimi; middling jot*. Wilmington, nominal: ralddllug 13V*. Norfolk, quiet; middling 13V*. St. Louis, quiet; middling 13%. Baltimore, nominal; middling 13V*. Boston, quiet; middling 13.25. Philadelphia, quiet; middling 13.66. Mobile, steady; middling 12V*. Houston, quiet; middling 13c. Cincinnati, noinlnnl. TODAY'S FORT RKCEIPT8. The following table shows receipts at ths ports today, compared with the same day last year: New Orleans. Galveston. . . Mobile Savannah. . . Charleston, . Norfolk. . . . Baltimore. . , THE 8UQAR MARKET. New Y'ork. Aug. 2.—Local refined and raw sugar markets sternly and unchnnged. Ixmdon beets firmer; August nud September up %U nt 9s 9%d for August and 9s 10V*d for Jsoptemlier. ATLANTA MARKETS. FRUIT AND PRODUCE. EGOS-Actlve. 17%@18c. LIVE roULTUY-IIens, active. 35C87V*c; chickens <frf»sL !2%027%c. Ducks, Pskln, 80c ssch: puddle, 25c each. Turkeys, active, • per pound. IESSED POULTRY—'Turkeys, drawn, active, 18 cents pound; fries, active. 22%c pound; hens. 15c per pound; ducks, drawn. Brunswick. . . Various Newport News. HAYWARD. VICK & CLARK'S DAILY COTTON LETTER New Orleans, Aug. 2.-An unexpected turn In the weather over night altered the chances for scalpers. The map shows gen erally cloudy weather, except south Texas nud the Carolina*, and some showers oe- "irrod In north and west Texas, the cen tral and eastern states. Official foreensts premise showers lu the entire western belt. " bile there are no configurations on the tnnp to Insure good rains, the moral effect of the promise of showers Is sufficient to require an outright bullish bureau to off- |*“t It. This change In weather prospects hi>* 'hanged the intention of scalpers to felling oh a rise. Our market opened about 2 lower, aud on weather selling lt_ de- -Lard, 12c pound: bams ac tive 16c pound: shoulders active 1061 If pound; fide* active, 11c pound; batter dull; lO012%c pound; beeswax active, 26c pound; honey, bright, active, 10c pound; honey In 1-pound blocks active, 12V*C pound. FRUITS—Lemons, fnucy Messena, $6: ba- nnnns. 3V*: pineapples, Florida stock, 83fiS.50; limes, Florida stock, per hundred. $1; peanuts In sack* averaging 100 pounds each, owing to grade, per pound, 6%08c; cantaloupes, slow sole, 75c crate; watermeV ons, l(w 16c ench; Georgia peaches, $1,000 1.60 crate; rhubarb, 75c each. VEGETABLES—Potntnes. new, $2.7503.00 ncr barrel; per bushel, $1.10. Onions, Geor gia. $1.50 per bushel: Hpnnlsb, $1.60 crate; kraut, half barrel, $3,76. GROCERIES. RICE—Jap Se*V*c; head ittci ftoey held (V*07. according to the grads. CHEESE—Fancy full cream, 17 cents; Georgia cine syrup 37 cents gallon; salt 100-pound. 60c: axle grease $1.76; sods crtck> era «V*c pound; lemon, 7c: oyster. 7c; bar- rsl candy, per pound, «%c: mixed, pet pound. 6v*e; tomatoes. 2-pound, $2.00 csss; t-nound, $2.®: nsvy beans, $3.40: LIm* beans fe; best matches, per gross. fl.«; macaroni, !V467c pound: sardines, mustard, 83.26 csss. SUGAR—Sttndord granulated, 6V4; New ray, I wouldl)e Very bearish on wheat for tho Immediate future," sald.C. E. Lewis, of Minneapolis, who was ou the floor on Wednesday. “The crop Is so backward, however, that fully two-thirds of it might easily be caught by front any night. If the weather should change the black rust might nlso become a live fnctor." "it will be doubtful If North Pnkotn, leaving out Casa county, will average six bushels per acre," writes A. II. Smith, of the Minnesota Grain Company of Duluth, to Gnrdner-Paddicford. "In Cass county the yield will probably go ten to twelve bushels per acre, but the balance of the state Is spotted and uneven. Tho mncnronl wheat looks hut little better than the sprlug wheat." Crop Expert Goodman wired Clement-Cur- tls from Brookings, H. D.: "Never saw worse wheat from Aberdeen to Condo. Plant did not recover from June drought. About half crop nt host. Too dry for black rust. From Condo to short distance of Groton wheat short, ragged, poor condition. Fifty per rent ou account of early drought, lied rust; no trace of black at either place." "With the best of weather the northwest will not raise ns much wheat as during the black rust year, and Cnunda will also lie short," says W. 8. Crosby. "The crop In Europe Is easily 250,000,00 bushels short of last rear.” Winnipeg message to Finley narrell rendn as follows: "ftntnple* of wheat received here show unmistakable signs of black rust. They are from Saskatchewan." LeCouiit wired from Wesslngton, 8. link.: "Half of the fields seen are infected with the genuine black rust, but uo noticeable rinmnge as yet. Believe the situation not serious. The infection appears local. Weather hot and WHEAT WAS LEADER OF CEREALS FRIDAY Firm Cables and Lower Temperatures in the Northwest Factors. 3T. LOUIS CA8H QUOTATIONS. <1 winter 89 089% ...47* Wheat—No. 2 rod winter Corn—No. 2 Outs—No. 2 whether the foreensts of rains In Texas ma tcrfnllzc or not. Should showers be only light mid for u day or so, then tb will go higher. With good rains pects for several days of showers, more liquidation Is probable. New Y'ork, Aug. 2.—J. 8. Bache Sc Co.: , . lu __ r * ini immin _ .. .The bureau report held the attention of lined to around 12.20 for October. Therm speculators to the exclusion of nil other no further change of consequence lir matters. The figures took the street by " - - surprise, and then occurred the lively scramble of the shorts to cover. The local market opened steady with new crop ** "— filing ap- •r. Heat- - ths P«rt of traders who feared the effects of the report. Weather roiidltlonsjv * . further change of consequence Jhe market up to the publication of me bureau report nt 11 n. ni. This gave the condition of the crop on July 25 as 75. "nloh was about 2 points below general expectations. First trades were nt about 3,1 Mots advance, but, owing to forecast for Mins for Texas, there wns not the sup port which there would have been with “ ufy weather map. Considerable long II- Ouldatlon followed the advance and Octo- fell hack to 12.38. This report undoubt- f*If, Brings again lieforc the work! the mulish prospects In cotton on the basis of the supply outlook. This condition of 75 Is within one-tenth of u point of the lowest " n record and 4.7 lower than In the small •rep year of 1903. The ten-year average Is ,* * Trading settled around 12.40 for Octo- '^r. As far as the Immediate future In neerned, nearly everything depends on penred which forced price* tered liquidation whs evident and rumors of showers In Texas nnd p pects of lower temperatures over Hun were factors III the decline. The b exploded by the bullish bureau figures set the market up in the air after sharp ad- vh4ices of October to 12.22, September 11.77, January 12.36 nnd March 11.42. Liquidation of long cotton brought n set back, but the firm tone continues. We look for higher nrlces. for we firmly believe conditions war rant higher levels; advise strongly buying on all dip*. HAYWARD, VICK & CLARK, COTTON, 8TOCK8, BOND8, COFFEE, GRAIN AND PROVISIONS. • Carondelet and Gravier 8ti., New Orleam. MEMBERS: SttNSffir SZ&SS: XSUMK. fiJSSSf c.tton A*» lKw York and Chic no (•orcpon,l. , .t.: J. 8. BACHE S. CO., AND BARTLETT, FRAZIER A CARRINGTON, PRIVATE WIRES TO ALL POINT8. Minn., reported thnt no Idnrk rust wns found on wheat, but thnt It wns doing a groat deni of dnninge to oats. F. L. Harris, of Edmonton, Alberta, nnd brother of J. II. Harris, of Chicago, wired that conditions were perfect lu Alberta nnd that the present promise was for a bumper crop of wheat. Chicago, Aug. 2.—Wheat firm, clos ing l-4@l-2c up. Corn was strong, gaining l-2®3-4c. Oats were firm l-4c higher. Provisions were unchanged. Tradeit? were Influenced by lower temperatures In the northwest, tho private advices claiming the mercury was down to 34 at Willlston, N. Dak. The forecast wag for warmer weather, however, and with rust news decreased and eastern receipts Increasing, profit taking was general, at times causing •harp reactions. CHICAGO GRAIN MARKET, Chicago grain nud provision quotations for today are ns follows, compared “ yesterday's close: Previous Open. High. Low. Close. Close. WEATHER REPORT. WEATHER CONDITIONS. • ttfllEAT Sept.... 92% Dec.... 96% May.... 101% CORN- Sept.... 54% Dee.... 51% May.... 62% OATS- Sept.... 40% Dec.... 41 May.... 43% PORK— Sept.. 16.35 LARD— Sept... 9.15 Oct... 9.20 KIB8- Sept... 8.62% Oct... 8.69 92% 96% 101% 54% n 92W :.Fh 41% 42 44% 43% 16.35 41% 42 44% 16.45 92 96 100% 51% 8 MINING 8T0CK8. MODERN MILLER CROP OUTLOOK. 8t. Louis, Aug. 2.—The movement of win ter wheat, tho threshing of which was de layed by rains, is Increasing. Hard ter wheat deliveries are lllternl. Farmers are more Inclined to hold than sell, nnd many are stacking or storing their grain. Ixite threshing returns reveal more disap pointing yields than heretofore reported. This Is chiefly confined to tbs soft winter states. York rfflncl, 4.90; nlnnlntlon, Sj. COFFEE—Roc.tM Arburki., 114; balk la ban .ad hnrr.1. 1>; fwn 110Ue. Rhredilwl biscuit «S c*»: No. * roIlM oat. U-5 «•«: Mck *rlt§, 9.-ponad h«c«, 41.H; orator., tul: »»!*bit 44 «*: llfbt w.ltf{ II10 <*•*! p-ppor, iso lb.: Imklnjr nowd.r jl mm: red Minion. 44 ewe: pink .filmnn, 11.75 mm* cocoa, 4Tc; chocolate, 44; snuff, 1-lb. tar. 44c; rest beef. 47.40 case, corned beef, 12.01 cau: c.t.op, 41.00 «ee; .Irup, New Or leans 40c gallon; corn. 40c (.lion; Cuba £>ti.b. j.pl, cotton, lie; coop, I1.MQ4 cc PROVISIONS. FLOUR AND GRAIN. FLOUR—IHkb-it patent. 4.00; i«t pat- »„t IS 74; .tandard patent 44.78; half pat ent' M.4S7 eprlng wheat patent, 44.0O. CORN-No 2 white. 74c: choice while. Mo.- white feed. 78c; No. 2 fellow 71c; mixed. 77e‘ crocked corn per linahel, 78c. CHICKEN FEE1J—FIfty-hoond aacke, 86c; Panla chick f«^J, *2-00; Victor teed, 4L4I, ' oaTS^-No- 2 white. 00c: No. 7 mixed. 58<- Golden oate. 60<-: while clipped. Ole; fane; white clipped. 07c. IfBAIc-Pleln, per M-poimd aacke. 77c; 48- pmind aacke, 71c; plain, 21-pound eack,, loc; C 'haV—Tlmolhy. choice tern baler 4L40; do. choice «mall balee, 81.55; No. t one- third balee. 81.*: No. 4. one-thlrd he lex 11 26; choice nrnlrle, 41.00; Bermuda, OLIO, A1IORTS—Choice white. 41.60; fanejr. 1.60; brown 180 to 100 ponndai. 41.46; bran, 4J..T,. COTTON HEED MEAL—Prime per toa 426.60; No. 2 per toa, 424.00; hall, par tea, FISH. FISH—Bratm 7c pound; snapper Ite pound; front Ic pound; bins fish 7c pouD«1: pompano. 20c pound; mackerel, 12%c pound; soda commercial -u. nimiimm loy*, um i'«- mlnlou 40%, Daly Western 166, Fruit 111, Victoria 6. THE LIVE STOCK MARKET. Jhlcago, Aug. 2.—Hogs— Receipts 16.000. Market strong nt yesterday's close; light hogs $6.06<&6.5y; mixed $6^6.42%; heavy $6.50 416.30; rough $5.3065.86; pigs $5.7660.30: yorkers $6.4066.45; good Choice heavy $6.20 Q6.30. 'nti lot-eves M.WUl.d'fi cun* fi.TNiv, lit-11 tin fifi.40; calves $6®7.40; goml prime steers $6. ©7.50; piHir to medium $4.50^/5.75; stockerv nnd feeilers $2.60^4.90. Hheeti— Receipts 6.000. Market steady: na tives $3.50<g6.75; western $3.50^6.75; yearlings $6^6 66; lambs $5.50®7.I0; western 6.6907.60. LIVERPOOL GRAIN MARKET. Whent opened steady unchanged uml at 1:30 p. in. %@% up. Closed easy %©% up. Corn opened % off ond at 1:30 p. m. % up. Closeil firm % up. ; NAVAL STORES. Special to The Georgian. 8nvnnnab, Aug. 2.—'Tumentlne firm ol 66%; sale*. 464; receipts. KB. ltosln firm; sales, 2.662; receipts, 2.290. window glass. $6.95'U6.06; water-white, $6.86 $6.00; M. $5.70$6.85: N. $5.50; K. $8.25$5.35 I. $5.00; II, $4.8904.85; G, |4.70$4.75; F, $4.73 $4.4604.70; D, $4.1504.25; C It A, $3.9004.05. THE METAL MARKET. New Y'ork. Aug. 2.—Tin* metal markets allowed further weakness, espeelnliy In Copper, which further was reduced %c all around In both bid nnd naked prices. Tin was down n small fraction for near by deliveries. Other commodities were heavy, but unchanged. CHICAGO CAR LOTS. Ths receipts of grata In car lots today nod estimated receipts for tomorrow are %t follows: m Today. Tomer. Wheat D7 189 Corn 161 167 Oats 69 71 Hogs, head !6*W 12000 The characteristic features of the map of yesterday nnd today are very similar. The northwestern area of high pressure ha* Increased In energy with Its center over North Dnkotn, while the low area lu the lake region has moved a little east, being central today iu western New York. Over the southern half of the map the pressure has changed but little except on the At lantic const, where it has increased 0.10 Inch. Cloudiness prevails In the upper lake re gion nnd the northeast, nnd rain was fall ing this morning nt Oswego, N. Y\, nnd Charleston, 8. C„ and Savanah, Ga. Showers have occurred nt a number of stations over the northern half of tho map and In the eastern half of the cotton belt. Tho temperature lias‘fallen In the Mis souri nud upper Mississippi valleys, COTTON REGION BULLETIN. side on all reaction*, shows some Indica tions of changing. A sensational decline lu Copper In London Is reported this niorulii Fears have been long entertained would occur. While the outlook Is not -clear, we favor a conservative policy, only buying on big breaks. Town Topics: The character of the buy ing In Union Racine nud Southern Rnclfic Indicates quite clearly to our minds that the bottom of this recession has been reached and thnt theso stocks should be bought on soft spots now and held for handsome profits, the margin for Improvement In Union Pacific being enpeclnfly attractive. Insiders are known to be decidedly bullish on this lending Issue, nud ns the Increased dividend on Southern Pacific means uu ad dition of $900,000 per year to Union's In come account and earnings are rolling up nt a fadter rate even than during the fiscal year Just ended. Their faith has substan tial foundation, and, backed with expert manipulation, we doubt not thnt a rise of 20 points will lw enjoyed by those fortunate enough to buy and hold this stock for a couple of nioidb*. Popper metnr prices will doubtless be again reduced, but Amalgamated looks good enough to huy for Investment nt theso* fig ures. We favor the leading active rails more strongly, however, and on soft spots would buy the Hurrliuau stocks, ttie Illll Issues. 8t. Paul, Atchison. Northwestern. Rending. Baltimore and Ohio, Louisville and NashrHie. Atlantic Coast Lino and Missouri, Kansus and Texas. We chases with safety. New Y'ork Financial Bureau: Great North ern preferred seems to us one of the best all-round purchases, support being men tioned toward 130, but the quality of the property makesjt desirable nt these prices. Northern Pacific will not meet strong sup port until near 126. Home better buying Is noted In Union Pacific around 141, but the real support next Is 140 ami then 136. but we doubt the reaching of the Inst figure. Honthern Pacific seems to be held against attacks, but the support has been reduced slowly toward 88. according to specialists, but the stock should be iNiught, iin It Is surely worth the money on the Increased dividend. Ht. Paul should be bought toward 130 with a stop order. Amalgamated may THE COFFEE MARKET. New Y’ork. Aug. 2.—‘Coffee cables: Havre, nt 10 a. m., market barely steady; 2 noon tine**-**—•**■ —■*— ,n ,W1 Hamburg ... pfennig: sales 18.000, IMo receipts 8,000; market steady. Santo* receipts 32,000; stock 1,299,000; mar ket firm. 8no Paulo receipts 22.900. .lundlnhv receipts 24,000. The following figures give ths opening range and close in the New York coffee market for today: Opening Range. .Tnnuarv .. February .. March .. .. April .. ., May June .... July August .. .. Hoptcinber ..6.00-6.10 ..0.00-6.15 ..6.06-6.10 ..6.05-6.10 ..6.10 6.20 ..6.10-6.20 U.20 Opened With Prices a Frac tion Above New York • Parity. NEW YORK WAS DULL Majority of Issues Showed Gains At the Session’s Opening. York, Aug. 2.—This morning's deal ings on the stock exchnuge Imre out last bight's Indications that the market wns oversold for the time being. Prices started off higher, beginning with an advance Id the American department In London, and while some Irregularity appeared In the final hour, yesterday's low quotations were Tulu approached. Thet radlng grew uU nt the high level, nnd the con clusion from this was that, apart from the short Interests which had over-extend ed Itself somewhat on the previous days, there was little disposition to buy. South ern Pacific and Union Pacific were, ns usual, the leaders, and 8t. Paul, Northern Pacific, Great Northern and Rending nlso made a very fair reciAery. It was quite noteworthy that the railroad list wns stronger all through than the Industrial, reflecting the prevailing view that the Industrial stocks were likely to suffer relatively more than the railroads from a trade reaction. Ths most favorable Incident of the day was a further easing of call money rates, renew- Is being made at 2% per cent, against 3% opened at gains of Union Pacific nud S'meltlng, % In Steel i nion. Rock Island. Southern Pacific and An aconda. aud % In Chesapeake nnd Ohio. Amalgamated opened % higher nnd reacted %. St. Paul scored uu ndilitlonnl rise of % nud Steel common gulued % net. GEORGIA RAILWAY AND ELECTRIC CO. Roston. Atig. 3.—Following was the bid uml asked price ou Georgia Railway and Kleetrlo Company today: Rid 83; asked 65. Preferred, none. 5.80-5.90 5.90-6.00 October 5.96-6.00 ember 5.96-6.06 December .. ..• 6.06 Closed steady. Sales 74,000 bags. Close 6.06-6.10 6.06-6.10 6.10- 6.15 I 6.10- 0.45 6.15-6.20 0. l.vot 6.20-6.25 5.96-6.00 5.96-6.00 6.95-6,06 6.00-6.06 6.06 6.10 MONEY AND EXCHANGE. New' York, Aug. 2.—Money on call 1.2(@>2 3-4; time loans firm; sixty days 4 3-405; ninety days 5 1-405 1-2; six months 6 per cent. Posted rates; Sterling exchange $4.8404.87 1-2. with actual business In bankers' hills at $4.8680<d>4.8685 for de- jnand and at $4.833504.8340 for 60-day bills. Prime mercantile paper 6 per cent. London bar silver 32 l-8d. New York' bar silver 69 3-4c. Mexican dollars 54 l-8c. THE LONDON 8TOCK MARKET. Atlanta, p. cloudy. . . •Chattanooga, p. el’dy Columbus, clear. .. . Gainesville, cloudy. Greenville, dear. . . Griffin, clour. . . . •Macon, clear. . . . Montlcello, cloudy. , Newnun, clear. . . . Rome, clear ••Spartanburg. . . . Tallapoosa, rnln. . . Toceoa. clear West Point, clear, Minimum temperatures are for 12-hour il COTTON SEED OIL MARKET. Following Is given the opening sod closing Of the New Y'ork cotton seed oil market: ‘ Opening. Closing. August .. .... September .. .. .. Octutof*, v , f .. November December January Closed steady. Atlanta. . . Augusta. . . Charleston. , Galveston. . Little Hock. Memphis. . . Mobile. . . . Montgomery. DISTRICT AVERAGES. M *J New Orleaus.. Oklahoma. . . Savannah. . . Vicksburg. . . Wilmington, , T Indicates Ina/qireclabi* rslufill. 'Far ysaterday. ••For 24 hours ending I a. m,. 75th meridian time. Remarks. The temperature Is somewhat lower In the western part nnd on the east coast, and higher In the central part. The rainfall has been light aud scattered. J. B. MARBURT. Section Dlrsctsr. WEATHER FORECA8T. ' Washington, Aug. 2.—Weather conditions and general forecast: Showers have fallen quite generally dur ing the last 24 hours In the lake region and the middle Rocky Mountain region. In other localities generally fair weather Ims Mississippi valley and the upper lake re- glon: elsewhere nearly normnl temperatures prevailed. During the next thlrty-aix hours the weather In the Washington forecast district will be mostly fair with but little change In temperature. Scnttered showers are prob able In the lower lake region and possibly lu the east gulf states. Forecast until 8 p. in. Saturday: TALENT FEARS MANY THING8? SHORT ARE APPREHENSIVE. New Orleans, Aug. 2.—The Tlmes-Demo- ernt: "Professional tension on the eve of private crop reports are a unit In asserting thnt the month's Improvement lias been unimportant, but some operators fancy they eee evidence of the master mind In nn ef fort to educate the rank nnd file to expect an unreasonably low percentage. Be this It may. It la well within the possible mitigation of current Inforinntu today's figure prove bullish and nn nonr oe lost In giving the fact to the Interior cot ton belt, shorts would be given Just thnt much time In which to reef their sails before trouble comes."—Hayward, Vick Sc Clark. urday; light variable winds. Tennessee nnd Kentucky-—Partly cloudy tonight and Saturday; cooler tonight In weatern portions. Louisiana—Showers In northern; fair In south portion tonight. Satur day showers; light .to fresh northerly winds on the coast. Eastern Texas—Showers In north ern; fair In southern portion tonight and Saturday; light to fresh variable winds on the coast. Western Texas—Showers, except fair In southeast portion, tonight and Sat urday. Oklahoma, Indian Territory and Ar kansas— Showers tonight and Satur day. STOCKS— Anaconda .. .. .. .. .. Atchison .. .. do, preferred Amalgamated Copper .. . Baltimore nnd Ohio .. UhcHApeitke nnd Ohio .... Chicago nnd Great Western.. Caimdlan PscHto Eric dp. preferred Illlnol* Central LoiiImvIIIo aud Nashville Kalian* nnd Texas .. .. do. preferred Now Y’ork Central .. .. Peiinavlvnuln .. .. .. .. Ontario nnd Western .. Norfolk nnd Western PbJJfliJ Rock Southern Pacific Southern Railway .. do, preferred .. St. Pnuj Union Pacific United States Steel , do. preferred .. Wfthaidi THE GEORGIAN AND NEW8 will be »«nt to anybody anywhere for ■ny length of time by notifying the cir culation department Phone 4928, Standard 4401, 45 centa per month, 10 centa per week. 4% UNION 4% SAVINGS BANK Could Building CAPITAL STOOK . . . *100.000.00 —— RESOURCES . 0 , 4 10 S2EO.OOO.OO 4 10 COTTON MILL BONDS afford aafety of principal, with very liberal Income. Write for our apeclal offorlnga. HILLYER INVESTMENT CO., Bond Oep't. English-American Bldg. THE AMERICAN AUDIT COMPANY Home Office, 100 Broadway, New Tork City. F. W. LAFRENTZ, C. P. A., President C. E. Mamixrlng, Vice Preildent, Thee. Cocheu, Jr., C. P. A, Src. and Treat, BRANCHES ATLANTA—Fourth Natl Bank Bldg. CHICAGO—Marquetta Building. BHJLADELr IA—Bellevue-Stratfor*. SAN F7.ANCISCO—Belien Building: port Iona; fresh westerly winds. North Unrollim nnd South Carolina—Pnrtiv cloudy tonight nnd Saturday; light to frc*h tonight n southerly winds. Georgfn--F«lr tonight; scattered showers nnd thunder storms Saturday; light variable wind*. Eastern Florida—Fair toulght nnd Sunday, .laht variable wind*. Western Florida, Alabama and Ml**l*slnpl ■Scattered showers late tonight or on Bat- pomps no. 20c pound; mackerel, iz%e pounu; rovsis wires to fish, 6c povnd; fresh water trout, be. 07 on shove Exchanges. L. H- Fairchild. Establish sd 1885. S. J. Whit* L. H. FAIRCHILD & COMPANY, NEW ORLEAN8. Member.: Stv Orleans Cotton Exchaoge. New Tork Coffee Etcbanie. S et. York Cotton Eirhange, New Orlntn. Hoard of Trade, ew Orleans Stock Kxrb.nt,. Cblmgn Rnnrd nf Trade. LIVERPOOL COTTON ASSOCIATION. Frlr.te Wire to NF.W YORK and CUICAOO. Order. Mlldted _for__fotnrr dellr. NEW TORK—Waldorf-Aatorik. BOSTON—Exchange Building. WASHINGTON—Colorado Building. NEW ORLEANS—Hennen Building. BALTIMORE—Fidelity Building. LONDON, ENGLAND—4 King Street. Chenp.ld., ytr-ANTA BRANCH 1015-18 Fourth National Bank Building. C. B. BIDWELL. Resident Manager. U Telephone. Main 872. Cabla Addraaa. Amdlt, N. V. it. C. COTHRAN. job! FRANK IIAWKINB, I'rmlilent. .... ATKINSON. VIce-lTtfltdent. THOMAS C. CBWIN. Cashier. KPH A. M'CORp. Vice-PreiddeiL R. W. 1IYERS. Assistant Cssblsr. Third National Bank Capital .... $200,000.00 Surplus and Profits $400,000.00 DR. A. W. CALHOUN. MILTON DA HO AN. JOHN W. GRANT. II. V. M’CORD. S HANK HAWKINS. . M. ATKINSON. JOSEPH A. M'CORD.