Newspaper Page Text
WEEKLY REPORT
IS M BULLISH
Rain Badly Needed In Okla
homa, Texas and Indian
Territory.
HEAT WAS EXCESSIVE
All Sections of the Belt Coin
plain—Tendency of Cot
ton Downward.
Sew York. An*, la-tfrodo nt the opon
lnir of the local cotton market this worn
Idi: was quiet and prices wer easier 4 to
s points lower. Inihtr absence of normal
telegraph facllltlef In the South, sup ‘
Ihl' orders from outside sources were
Inn. and after the start the whole lint de
clined further with long stufT on tap mid
the pit Inclined to tnko the short side.
The wire situation on the exchange was nl-
niokt normal, the Western Union and Postal
companies having s total of *2 men at work,
suoiigh to take care of the usual business.
poulng by n poor set of cables from
vrpool, where there are apparently un
v frightened'over reported unsettled coil
dltlons In Anutrlca. Tue close lu Liverpool
-ns quiet'and steady 4%U>7% — *
msiderably below a parity.
The decline continued later on account of
the lack of advices and orders from the
South, ns a result of tho Telegraphers*
^'information' nt hand, Including a bullish
reoklv government report, favored letter
riven. hut In the absence of speculation
.here were decllues of 11@13 points estab
Ifrhed (t art nr the morning session.
Following Is n summary of the govern
lout report:
The mean temperature for the week was
jiove normal In all parts of the cotton
region. The greutest excess was 6 degrees
Tex;
A.-kansas, Oklahoma and northwestern
<*. Haiti fell during the week In the
Georgia, Florida, Alnbntnn, Mis-
portlon. There wus more than 2 Inches of
infnll near the east gulf coast and 4 to
Inches are reported from
from imu-h of the northern portion of the
tton region hare not been received, ov*'—
the Telegraphers* strike.
Trading during the afternoon waa
dull, though the undertone was firmer.
At the close the new crop months were
unchanged to 2 points, while the old
crops were 5 to 8 points lower.
SPOT COTTON MARKET.
Liverpool, easier; middling 7.80.
;ti», stead' ***■“
York, qul
Atlanta, steady; middling 13rt
let: middling 13.80.
.*« « Orleans, quiet; middling 13%.
Augusta,- quiet; middling 13%.
Huviinimh, firm; middling *2%.
Memphis, firm; middling 13*4.
Galveston, linn; inlddllug 13%.
Charleston, nominal: middling 13%.
Wilmington, nominal; middling 13%.
Norfolk, steady; middling 13%.
St. I.ouls, quiet; middling 13%.
Baltimore, nominal; middling 12%.
mi, quiet; middling 13.30.
idelphla, quiet; middling 13.65.
Mobile, quiet; middling 12%.
Houston, quiet; inlddllug 13%.
Cincinnati, nominal.
THE ATLANTA GEORGIAN AND NEWS. \
TUESDAY, AUGUST 13, 1M7.
NEWS AND GOSSIP
of tho Fleeoy Staple.
Spednl to The Georgian.
(from lUjrtmrd, Vick * Clnrk.)
lork, Auf. 13.—J. a. Bachc A Co.:
tl«0 SW1 lower on
" nd . 2%<fC lower ort bew crons. Opened
quiet nt 4 points decline. At 12:15 p. ui.,
en * r, .. n ^ t lower on uear and 94(10 lower
on distant. Small Inquiry for stmts. 13
points lower; middling 7.30; sales 5,000;
American 4,200; smVulatlon and export 800;
'^ui 1 bales, including 5,000 Auier!-
.ffhq Liverpool market pretends to be
frightened nt the financial situation and
semis lower quotations all around, with
a decline lu spots of 13 points. The weath-
er map shows showers In North Carolina,
lJorbbi and Arkansas. Klsewhere Iti the
belt clear nrnl with ldgh temperatures, and'-
clear lu Texas. We look for a sagging
market With a tendency to follow stock
fluctuations, ami until the security situation
Is clear we do not look for much buying
lu cotton market.
New Orleans. Aug. 13.—Hayward. Vick «
Clark: >\hnt Is given of the weather map
shows cloudy In north Texns and territories;
some light showers at Taylor and Halves-
ton; generally fair In Mississippi, Alabama
and partly cloudy in Atlantic*. with some
—nttered showers
Map shows generally cloudy weather ...
north and central Texas ami Territories.
Generally fair In the rest of tho licit.
Reports of showers are coming In from
*neo. Austin ami other Texns places. Mar
ket steadier, while furthor depression prob.
able, us long ns the strike lasts. Would
rather buy «or wait for an opportunity to
buy cotton. Will go higher ultimately.
Q0VERNMENT~WEEKLY~
REPORT ON WEATHER.
Texas—Tho week was very dry. A fow
very light scattered showers occurred on
the 6th. .The temperature and sunshine
above normal. Conditions are very
unfavorable and rain Is badly needed,
Tennessee—The mean temperature was
decidedly above normal. The rainfall was
only distributed and generally belou
normal. IcHln Is much needed In some west
ern counties. The sunshine was somewhat
deficient In some eastern comities, but was
shine and nearly normal humidity
scattered showers cm several days. The
rainfall was excessive In a few places
in the northeastern portion and generally
deficient In the western division. The menu
temperature nnd sunshine were nearly nor
ml. The precipitation was below normal.
Oklahoma mid Indian Territory—This has
been another week' of. dry, unfavorahl
of consequence, and drought prevails In
practically all districts.
Arkansas—The weather was abnormally
•t. very dry and -generally unfavorable.
There was some rain In a few eastern
•onntles, but the rainfall was generally do-
lelent. No rain fell In west counties. The
sunshine was above normal. A good rain Is
needed.
Florida
ailed during the week. The warmest
weather occurred from the 6th to the 9th,
hut the maximum temperature was general
ly less than 95 degrees. There was much
cloudiueas. aud thunder showers occurred
almost dally. The weekly rnlnfnll was ex
cesslve In numerous localities.
Alabama—'Thy menu temperature was
Edited by
Joseph B. Lively
Mr. Lively’s twenty-fir*
years’ experience of ed
iting markets In Atlanta
and the Couth has made
him a recognised au
thority In his specialty.
RANGE ..OF NEW YORK STOCKS AND COTTON MARKETS
NdMR OF STOCK.
rly normal, though the afternoon rend
lugs were high during the forepart of the
week. The precipitation was above normal
In southern districts nnd the middle Ten
nessee valley, nnd generally below normal
elsewhere. The sunshine was deficient In
southern counties, but abundant In other
districts. »
Louisiana—Hot, sultry weather prevailed,
the temperature being considerably above
southeastern portion, but there wns none
In the northwestern portion. The sun
shine wns nearly normal, except that It
wns deficient In the southeastern portion.
Mississippi—The weather wns generally
elenr, dry nnd hot. except In the southern
and eaatern portions, where copious Show-
era fell on the closing dnys. The mean
temperature nnd sunshine were considerably
above normal. Ibiln is muyh needed In
many northern caimtles.
Georgia—The temperatures were seasons-
ble during the first half of the week and
above .normal during the second half, the
mean temperature for the week being 1^5
’degrees above normal. There waa consider
able cloudiness with frequent showers and
HAYWARD. VICK & CLARK’S
DAILY COTTON LETTER.
New York, Aug. 13.—Foreign markets de
veloped weakness. Nothing else could be
logically expected In these dnys when the
cstiihllglituent of prices is left so largely to
consumers' Interests. Liverpool futures
pro about 5 lower thnu due nnd spot
lees showed a decline of 13 points. Ix>n* nuuu.ur.ii mui
confidence ns the result of disturbed deficient sunshine In the north,
minunlnitlon wns characteristic of the
talk on 1 the floor this morning.. I/ong 11
•luidatiou predominated nnd caused a fur
ther decline of 12%c for October. It wu*
i narrow, professional market. News of a
t. toiler stoek market with some advance In
toon pnper* caused some improvement lu
•oiton through scalpers covering. The Na
tional Gluuers* Association makes the con-
lltlon 72.1, against 75.7 on July 26. What
lata there Is on the map Indicates cloudy
f the bell. Home light, scattered
rere reported'from 11 ‘ ‘
• ston. Taylor and Wi .
Ions In the south central and eastern
states continue to be moat favorable. The
first hale of tho Louisiana- crop wns re-
1 h.-io today from Loreauvllle. near
Iherln. It Is nlwut strict middling;
splendid staple: 1 3-16®% Inch; strong: show-
lag no effect or drought. While further de-
iresslon Is not Improbable ns long ns this
trike and financial disturbance lasts, cotton
ms nevertheless strong rights of Its own,
Neither have prospects of consumption nl
nil - w —
•nilsh Mlppll
»• policy Is
suggested to wait for an op-
- buy rath “ * ‘ “
vailing pessimism.
DEMANd’Ts’aCTIVE FOR
STAPLE MERCHANDISE.
York Commercial: In all quarters
of the market It Is stated flint buyers are
showing more Interest In staple lines of
merchandise. As a matter of fact, most
s who are In this market have had
1 experience within the past few days
convince them goods ore not plenti
ful for fall nnd that prices ennnot he forced
Sheetings, drills, brown shlrtlugs,
goods, are all In active demand fo
and nearby delivery. Mills are no\.
ileellnlug to noept forward contracts much
beyond next April, as they cannot deter-
what cotton will cost, them. On
ied good* buyers nre running to cov-
agents place lines nt value or declare
flat advances. Kvery detnll that could help
- ako the fall jobbing season n success from
Mat of stocks, has been carefully looked
ter. The local houses haye begun selling
full goods In nn active manner and are
“'"•Mug with better success on dress goods’
bwn in any recent season. Soft «f>ots in
the cotton yarn market an* not domornl*
,l »'K Prices for the reason that spinners
are sold ahead on most counts nnd the low-
et . 1,'rice*. affect only moderate slxed lots
knitting and upholstery yarn*. Nc
change has taken place In the silk throw
•firs strike, and It Is believed the mills will
m»t at tempt accepting further contracts un
111 their operatives return to work on i
reasonable scale of hours nnd wage. Fan
cotton goods are moving smoothly for
Jb* 1 spring of 1908 nnd all agents dfclare
llv.-rv time approaches, that are available
f°r into order.
Print Cloths Steady.
.-'t no time within the past six weeks
„ buyers been more urgent In their re-
QuchN for narrow odds for Hcptember nnd
vGofier delivery. There are few agents
, !' have any goods to offer nud nil quo-
»?-, ." ,1H ore held at the top market level.
Win MfiWlarqs are sold into March nnd
of next year and It la atated by
•aroa goods brokers and selling agents.
r n, ‘ not g?t wUja to take contracts
D.n.l these dates as the mills nre not
rsrtnln whore cotton Will stand. Convert-
17’' a fe after high count cloths nnd are wll-
* to pay a, premium to get goods during
co “wg three to four months.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGGS-Actlve. 31c.
LIVE I’OCLTRY—Beni, active. SKPV;
chicken, (frl -*>, 12St@J7Jic. Dock«, Pekin,
tOc each: pwlillc, 23c each. Turkey,, ictlr,,
12 llR^SflllD Un rbm.TRT-Tnrk,yi, drawn,
actlvi, 18 cent, pound; frlci, »ctlre, 20c
pound; h#ns,I6c per pound; ilucki, drawn,
’pffeDUcKurd. 12c pound! bam, a*
tlr, lie pound: ahouldar, act It, lOflllr
pound; ,ldei active, lie pound; butter dull;
roaitfe- ponnd; beeewei actlv,. 25c
honey, brlsht, actire, llte poi*d: h
1-pound Mock, active, 12Mc pound,
rUVITH—l«emono, fancy Messenn, js.w;
linnnuan. 3Hc lb.; pineapple*, Florida atock,
none; lime*, Florida atock. per hundred.
II; peanut. In aacko' averarln, 100 ponnd,
vwln* to grade, per pound, CVHiSo;
npea. alow ulc, 25c crate; wat,-m>
ona, 12V4®20c each; Georgia pcachca, 51242
2.50 crate: rhntmrh. 76c »nch.
VEGETABLES—Pot#to*,, new, 13.75 har
ret; per hnahel, 11.40. Onion,. Georgia, 51.60
per liuehcl: Hpanlah, tl.60 crate; kruut, half
barrel, 53.75; cabbage. 2Vkc pound.
QROCERIES.
RIOE—Jap 6fJ6Hc; head Hhei fancy head
tuft*, according to the grad,.
CHF.ESB—Fancy full crcnm, 17 ccnfa;
Georda can, ayrnp 57 cent, gallon; salt,
100-round. 50c; ail, grraco 51.75; ooda crack
era, tVkc pound; lemon, lc; oyalcr. 7c; bar-
ret candy, per pound, 5He: mixed, par
ponnd. Otic: tomat<wa. -.pound. 52.00 ea„;
■•pound, 5i»: navy beana. 52.40: Lima bran,
5c; he,t match,,, per grora. 51.55; macaroni.
544£7c pound; aardlnea. muatard, 51.25 eaa*.
RITOAIt—Rtandnrd grannloted. IK; Naw
To ^^hh ! SU ,, iMra < a.s hulk I,
haa, and harrela 12c; green 11015c.
Shredded hlacnlt IS cat,; No. I rolled nate
0.26 eaaa: aaek grtta.fO.ponnd.haga. 51.55!
‘rater,, full weight 52 eaee: light wel*bt
11.10 ca,e; pepper, 15c lh.; baking powder 53
caw; red anlmnn, IIi cara; pink ufmon, 54.23
cane; cocoa. 4"c: chocolate, 13; anutr. Mh.
lara. 41c: rooat beef. 52.50 caee: earned beef.
®M caee; cataup. 51*0 caoe; alntp. New Or-
etne. 35c gallon; corn. «0c gallon; Cnha
potaah. H25O150 caae; pcan.di. tc; rota
fply cotton. 15c; aoap. 5L80Q4 raac
PROVISIONS.
PROVISIONS—hhipreme homa Itltc. helllea
■Wi25 pound, average. 5.9214; fat hack,, S.2S:
Supreme lard. 10. Iterlty compound, 5H:
California bama. 10c; dry anlt extra riba
’*• FLOUR AND GRAIN.
FLOUR—Hlghcat patent. R.90; lieal pat-
ent *5.25: atandard patent 54.75; half pat.
cuff S4.ee: aprlng wheat patent. 5AM.
CORN—No } white. 7fc; choice white, for-
No. 2 yellow 79c; mixed, 7Sc; cracked corn
per traakel. 74c.
CHICKEN FEEH—Fifty-pound oncka 51.00,
[*nnln chick feed 42; T’lctnr fee.1 51.40.
OATS—No. 2 white. 05c; No. 2 mixed (Be;
Golden not, 52c: white clipped 57c; fancy
white cllpiwd (Be.
MEAL—plain, per 95-ponnd oncka, 78c; 4R-
pmmil ancka, 68c; plain. 24-pound aacka. 82c;
*1h?a’Y— 1 Thnethv. choice Inrga halt,. 51.40;
do choice amnll bnlca, 51.20; No. |, one-
third Ieilea. 51.50: No. 2. one-thjrd linlea.
|] IS- Chelee rirntrlc. 4100; Rermudo. 51.10.
SHORTS—Choice white, 516.>; fancy 11.65;
brnwu (80 to 100 ponndat. 51.45; bran, >1.38.
COTTON SEED SlEAlj-Prlme per Ion.
MW. No. 2 per ton, 524.00; bulla per
51160.
a tun I. c opper
Am. Ice Securities. . ..
Am. Sugar Hennery. .
American Smelting. .
Aui. Locoiutive. , ..
do. preferred. ...
Am. Car Foundry. . .
American Cotton Oil..
Anaconda.> ......
Atchison
A do. preferred. . . .
Atlantic C. Line. . . .
Brooklyn Rapid T. . .
Iloltlmore X Ohio. . .
CheeriPeake & Ohio .
Canadian l’ncKlc. . ..
Chicago A Alton. . ..
Couautldated Ona. . ..
Central Leather. . . .
do preferred. , , .
Colorado Fuel & Iron.
Corn Produce. . . ..
Colorado Southern. . .
Itelaware A Hrulaon. .
I’cnver A Wo Graudo.
Htetlllera’ Securltlea..
Eric
„ do. preferred. . ..
General Electric. . . .
Great Weatcrn
Great Northern pfd. ,
Illlnola Central. ......
Interboro
do. preferred. . , ,
Kansas fk Texes. . . .
82* v
Sft
33 05
NAME OF 8TOC&.
kansas X Texas pr<|. .
Igoutavllltf & Nashville.
Missouri Pacific. . , .
Mexican Central. . , ,
New York Ccutral. , .
Northwestern
National Lend
Norfolk A Western. ,.
Northern Pacific. . . .
Ontario & Western. ,.
Pennsylvania
Pacific Mull.
People’s tins Co, , , ,
Pressed HtccUCnr. . .
Heading. . .
Hock Inland
do. preferred. . , ,
Ilepublic Iron A Steel,
do. preferred. . . .
do. preferred. .
8t. Paul
Tenn. Coal A- Iron.
Texas Pacific. . . . ,
Union Pacific. . . . ,
V. H. ltubber. . , . ,
do. preferred. . ,
U. S'. Steel
do. preferred. . .
Western Union. , . ,
Wabash
do. preferred. . ,
Wisconsin Central. ,
do. preferred. . .
3
3
3
m
TIPS FLASHED
From Wall Street
Town Topics: Sentiment In the street
continues bearish, ami tho poor response
of the public buying to the presnt Invest
ment opportunities Js disappointing. Until
- - pw j |,y ^ banking In-
think nothing la In the
NEW YORK.
The following la tlie rang* in cotton fo-
terra In Naw fork today:
LIVERPOOL.
Following Is the opening range, 2 p. m.
and close, compared with yesterday’s close.
Futures opened easier.
Opening Preview
ltange. 2p.in. Close. Close
August 6.95 -6.92 6.93 6.94% 6.99
AugoSept... 6.83%-6.79% 6.80% 6.S^% 6.87
Sept.-Oct.... 6.71 -6.67 6.66 6.67% 6.75
Oct.-Nor.... 6.66 -6.61 6.61 6.68 6.70
Nov.-Dec.... 6.68%-6.57% “*
Pec.-Jan.... 6.62%-6.57%
Jan.-Feb.... 6.61 ^.55%
Feb.-Mar.... 6.6J 6.62 6.58%
March-Aprll. 6.68%-6.«l 6.61 6.59%
6.66
April.May
Closed quiet and steady.
6,64 6.60% 6.67
NOTES ON GRAIN,
l'oiuterr on Provision*.
bottom on wheat for the present. Wheat
Is on nn expert basis, nnd more could
have beeu worked yesterday If telegraphic
communication had been better. A slight
rain Is reported at Concordia, Knus., but
Insufficient to relleva the drought went of
the Missouri,
incapolls, takes n
»p situation In the
We are due for a reaction In prices.
We are liable to have quite fair receipts
of oats during the next thirty days, but wo
believe they will all be wanted.
Provisions are lifeless and tho packers
control the situation. ,
The Chicago Kecord-Hernld: President
James S. Hell, of the Wnshburn-Croshy
Ing Company, of /
hopeful view of the
Northwest. "The present prospect is uiuva
better than we at tint fhongbt," be sold
Monday, "nnd I now believe wo hove a
pretty good prospect for a fair crop. Nev
ertheless, we nre In for three weeks of
anxious time first. We millers nre hop-
for a good crop ami fairly free mar-
ngs of the uew wheat. This will give us
lower prices. Just now our pries Is al
together too high for export, ss everybody
knows. We can not run full without an ex-
rt trade. Just now Philadelphia nnd the
ist in general can get much lower wheat
sn we can huy. and they can fill up any
export demand."
^he wheat situation Is rapidly develop.
Into a flunncli ' “ * --- --
Irely so sppi __
speculator. The trade balance Is working
igalnst America and the big snpply of
vhewt, old and new, that Is pilin '
the American speculator continue*
Its burdensome qualify bv steadily Increas
ing Its carrying charge. At the preseht low
er prices of rash wheat as compared with
future delivery there I* almost a pawn
broker's rate of Interest for carrying. The
bull position Is that the shortage In the
worhfs supply will ultimately force the Im
porting countries to pay these charges and
a good profit on the wheat liesldes. Tho
bear position Is that the consumer can tire
out the Investor, as he can wait until
the current large stock In English ware
houses, the new crop European wheat, the
heavy current shipments from India and ex
pected from Russia are greatly reduced.
H. C. Lowe bad the following by private
wire from Mlnnenpolle: "Teraperaturet In
Sonth Dakota very high, 198 to 104. Some of
owr people claim that wheat haa already
been damaged by hot weather." A Glen-
burn. Sonth Dakota, message of August 9,
to W. I*. Anderson, reads: "Extreme heat
yesterday and today ripening gralu prema
turely Another day or two frill cut pros- 1
barker* 1 A^McIntyro had the following
from a Dea Moines grain man: "Just as
soon as the farmers decide their corn
WHEAT AT OPENING
NEAR AGENT HIGHER
Offerings Were Light and
the Shorts Covered
Rather Freely.
ST. LOUIA CASH QUOTATIONS.
Wheat—No.
Corn—No. 2
Oats—No. 2 ,
NEW ORLEANS.
The following !• the range to cotton fo
turca In Now Orleans today:
August
Sept. .
Oct. .
Nov. . .
Doe. . .
Jan. . .
Feb. . .
lilt
Cloaed steady.
i 14
i lag
i U
£6-
12.41
12.39-40
12.48-49
12.50
12.85
12.76
12.41 45
WEATHER REPORT.
WEATHER CONDITIONS.
Chicago, Ang. 18.—Wheat opened firm nnd
higher this morning. Influenced by. better
cables, stronger Minneapolis curb and good
export sales. Trices were up al»out %c over
- rfiigi being light,
■* iufl
yesterday's close and, offei..„
shorts covered rather freely. Trade wan
largely local, but active as compared with
the past two days. The weekly forelgu
crop summary was more favorable.
Corn was firm and a fraction higher with
scattered buying by commission houses.
Outside trade was, of course, dead.
Oats as well as corn opened strong and
higher on what few reports were received
ou conditions.
Provisions,/ns usual of late, were dull.
Whent had gains of 11-8; corn was
off l-4c; oats wer up l-4®l-2c, and
provisions were fractionally better.
Shorts In wheat and oats bought late,
but corn was not given the support
needed. Scalping shorts led In the de
mand for wheat and prices ruled strong
with the trade somewhat better on any
day during the strike, with the private
wire houses getting most of It.
CHICAGO GRAIN MARKET.
Following aro the Chicago grain and pro
visions quotations for today, compared with
yesterday's close: v
Previous
Open. High. Low. Close. Close
WHEAT-
Sept.... 84
fc 23
CORN—
The high pressure area In the Northwest
tins moved eastward,' Increasing In energy,
ami Is now centered over Eastern Montana
nnd the Dakotas. An area of low pressure
Is central on the New England const. Over
the South the pressure Is nlamt normal
at most stations.
Clear weather prevails over the entire
country except at a few widely scattered
stations.
Showers have occurred at Gnlveston, New
Orleans, In portions of Teunessee, Georgia,
the Carolina* nnd Florida.
As a rule the temperature has changed
but little, but the general tendency nna
been to warmer nt most stations from
which reports nre received.
The conditions favor generally fair wenth-
er In this section tonight and Wednesday.
COTTON REGION BULLETIN.
STATIONS
ATLANTA
U!$TB!LT.
Max.*
Atlanta, clear
Greenville, clear
xGrlffln, cloudy
•Macon, clear..
Home, clear
xSpartnnburg, cloudy.
Toccon, clear
•ITinlmmh temperatures
.uViwvrTi'o(Ti'r;,t’i;y"firrh.'Aing
terests therefore we think nothing Is In
war of lower prices. We nre Inclined to
believe, however, that tilts support will
be met with today In case there Is any
further attempt to depress values, and It
would not 1m» surprising should panicky
short covering follow that event. Wash
ington Is trying to make It plain that nel-
tner civil nor criminal prosecutions will
be Hindi* in the case of trusts unless there
Is every reason to believe that It can l»o
proven that the laws hare been broken.
Why this should put stocks lu such a fer
ment Is beyond conceptual. In fact* In our
opinion, present market levels are the re
sult almost entirely of professional oper
ations and professional sentiment Is sub
ject* to quick changes. The better class of
stocks generally should be bought on bear
drives today for turns, ns we believe the
temporary bottom level has about been
reached In most cases.
Union Pacific looks to be the cheapest
stock In the list, while Anaconda. Atchison,
Loulsvlle, Atlantic Const Line, Uendlng,
St. Paul nnd the Hill stocks aro very at
tractive. #
Heavy stpt> loss orders ns well ns n fair
■slons are n few
Southern Pacific
Steel common Is
getting good support around 80.
The liquidation will mean cheaper money
after a while.
ls C probnlSe W * ** ® * bttr P ralljr
The grains should only he bought for
riima .... breaks.
ii* “,V r '<*■ orders ns well
liii l? M ?ntUy of buying commissions
"iv l ,0 L nt " below Inst night’s Southe
ifiz Amalgamated levels. Steel «
STANDARD OIL CUT IN HALF:
RAILWAY EARNINGS INCREASE
At 420 for Standard OIL quoted Monday,
the stock shows s decline of 422 points
I 1 * 01 ! 1 1,1 19 °b when It
quoted 842.
Railroad earnings continue to show great
gains. Forty-seven railroads which have
reported for the month of July show nn
uf 10 'iV 1> ? r ,n Kross earnings.
Hfty elght railroads have reported for the
month of June and they show 15.54 per cent
gain In gross earn lugs and 13.17 per cent
Increase in net earnings.
\ MONEY AND EXCHANGE.
Montgomery, Ala., Aug. 13.—Money
on call 2 1-4<TM 1-4; time loans firmer;
60 days C per cent; 90 days, and six
months, 6 per cent.
Posted rates: Sterling exchange,
14.83 l-2#4.87 1-2, with actual business
In bankers’ bllsl at $4.8650^4.8655 for
demand, and at $4.8235^4.8245 for 60-
day bills.
Prime mercantile paper, 61-2ft>7 per
cent.
London—Bar silver, 313-8d. New
York, bar silver 67 7-8.
Mexican dollars, 64 3-4.
THE LONDON 8TOCK MARKET.
Anaconda
Atchison
Canadian Pacific
Eric
do, preferred
Illinois Central
Louisville nnd Nashville .
New York Central
Pennsylvania
Philadelphia nnd Heading ,
Southern Pacific
t. Panl
union Pacific
United States Steel
do, preferred .. ., .
sit
PRICES OP STOCKS
T BETTER
Opening Was Irregular, a
Majority of Issues Show
ing Gains.
TRADE LESS. ACTIVE
At Midday Market Was Ir
regular But in the Main
Higher.
New. York, ■■
at home the security markets today display- •
e«l n- decidedly better toue. Prices wer*
higher nt Lmdon and at the continental
centers. British consols showing for the
ra..* *.— ... _ n reniiy abarp
...... .... ...iprov^rant abroad the
indiscriminate selling here wns checked and
upward rates on sterling halted. The
American list Ir. the early dealings made
gains extending In some cases to as much
ss a point. The first quotations here ad
justed themselves to this higher level.
There wns some selling pressure daring they
first half hour, bat It was tlfi* testimony
of close observers of the trading that s
stronger class of buyers had appeared
since yesterday nnd that the genuine pur
chasing t>ower of the market, as dlstln-
unshed from compulsory support, had dls-
Inetly lnir * **’*“' **- **—
Horning tli
lied from
for 12-bour
84%
89%
16%
„ about September. I think that
f ou will have an average crop as well ns
ows and Missouri. The present high price
of corn will curtail the amount of corn
fed to cattle very largely. One of our best
feeder* In the state told me a few days
ago that cattle men could not afford t<
feed corn st present prices."
Receivers' advices from Illinois mall nre
that country dealers nre turning down
many of the oats offered by farmers, as
they are too wet. In current temperatures
damp oats best quickly sud burn. **“*■
liotf
advices claim few oats are being offered
hrssh and haul,
to Bennett said:
. igfleld on trolley; did
not see s field of oats that had been touch-
~ Shocks look wet and soggy, badly stain-
.. Don’t think can thrash myr tor full
week. Corn looks good, but fields fury
wet. Some drowned ont.
In response to s ealde offer of No. 2 red
winter Wheat from Chicago to Liverpool
made on the basis of Friday night's clos
ing prices here, the answer came that the
two markets were In line for export busi
ness, bnt that no hid could t>e made until
a sample of the wheat had lieen submitted,
the trade abroad not knowing as yet the
quality of the new wheat here; The receiver
here of the Liverpool cable took It that
English buyers were indifferent.
CONDITION OF COTTON
DETERIORATES 3.6 PER CENT.
Its crop condition
nt noon todny. It puts Its condition at
72. L .
This compares with a condition of 75.7
per cent s mouth ngo sud Is regarded
very bullish In character.
APPREHENSION MONDAY COST
COTTON MARKET DEARLY.
New Orleans, /Aug. 1$.—The Times-Demo
crat: "Apprehension, the outgrowth of far-
reaching uncertainty, cost the cotton innrket
dearly yesterday, buyers for the most part
standing aside, while sellers evidence a very
SSRr 8? HU SB 1$ 5 5 !g
May.... 53% 53% 52% 52% 53%
OATS-
fc $
SS
«!4
8*mt.. ....
LARD—
SS?::-
SIDES—
Sept... 8.70
Oct... 8.77%
8.67%
Atlanta ,
DISTRICT AVERAGES.
Mss.* Min.**
Augusta
Charleston..
Mobile.. ..
Montgomery
Hn van nab ..
Wilmington. WP
T. Indicates Inappreciable raliifalL
yesterday. •• For 24 hours ending r
in., 76th meridian tlme.^H
Temperature.
=r
4
II!
LIVERPOOL GRAIN MARKET.
. m. %@1 off. Closed
Corn opened unchanged nnd at 1:30 p. m.
steady % off. Closed %#% higher.
CHICAGO CAR LOTS,
Wheat .. .
Corn
Oats
Hogs, head
VI8IBLE 8UPPLY OF GRAIN.
Following shows the weekly visible sup
ply of grain:
Wheat Increase 168.000 bushels.
Corn decrease 1.818.000 bushels.
Oats decreaso 958,000 bushels.
COTTON SEED OIL MARKET.
Following la given the opening and closing
of the Now York cotton se«d Ml market:
Opoatug. Closing.
August ”
September .. „ ..
Octolier .. .. ..
November ..
THE METAL MARKET.
•'For
ending at 8 a.
tn merlinsn time.
J. B. M Alt Ill'll Y, Section Director.
WEATHER FORECA8T.
Washington, Aug. 18.—Weather conditions
•nd general forecast:
The weather has'been mostly fair during
the lost 24 hours. Scattered showers oc
curred fn Florida, the Carolina*. Northern
Georgia, the Ohio valley and on the middle
gulf const. A light shower fell nt Galves
ton. the first ralu In Texas for some time,,
and tble morning ther Is considerable cloud
iness over the state.
The temperatures continue above the sea
sonal overage In Eastern districts, ttie up
per Mississippi valley, lake region nnd the
Northwest.
Fair weather Is probable tonight and Wed
nesday lu the Washington forecast district
except that showers are Indicated In tha
East srulf nnd South Atlantic states.
It will he cooler tonight In Atlantic const
districts north of the Cnrollnas.
Forecast till 8 n. m. Wednesday.
Virginia—Fair tonight and Wednesday;
cooler tonight and In southeast portion
Wednesday; light to fresh westerly winds.
North Cnrollnn-Fslr tonight and Wednes
day; light to fresh westerly winds.
South Carolina and Eastern Florida—
Partly cloudy with showers late tonight or
on Mednesday; light variable winds.
Georgia, Western Florida and Alnlmmn—
Showers tonight or Wednesday; light vari
able winds.
Mississippi—Fair tonight and Wednemlsy;
light variable winds becoming Westerly.
TO SnjUUKES
Corporation Commission Go
ing Over Evidence In
Case.
Raleigh, N. C„ Ang. IS.-Trafflc Manager
Devant, of the Norfolk and Western, has
returned to Norfolk and todny the corpo
ration commissioners are Informally going
through tho mass of evidence nnd papers
61*1 1»> the case against the Norfolk nnd
Western, the answer to which waa filed by
Devant nt 3:30 last erenlng.
It will Ih» some time lieforn a decision
Is reached or sn ordyr made In this esse.
It Is probable thut no order will be made
until after Governor Glenn ami the com
mission have* that delayed conference with
the traffic managers of other roads—which
lay be held Shout August 20.
Then It will be determined what form the
prosecution will take unless a compromise
or agreement Is reached.
however, thnt this higher level would be
sustained In view of the fact that n great
many stocks had lw*eii taken more or less
reluctantly for the purimse of sustaining
prices. As theae stocks came out on the
market a general - recession not in which
wus still In progress at midday.
Cloning bids tor the active list of
stocks follow:
Closing Bids.
Atchison 89
do preferred 93
Baltimore nnd Ohio 1(5
’hlcago nnd Alton preferred ..153
Colorado Southern 23 1-4
Denver and Rio Grande 25 1-2
do preferred 65 1-8
Erie 21
Jersey Central 139 3-5
Louisville and Nashville 105
Manhattan 125
Mexican Central
Missouri Pacific
New York Central
Pennsylvania
Reudlng
Rock Island
do preferred
St. Paul
Southern Pacific
Southern Railway
Union Paelflc
Wabash
Wisconsin Central
Interboro-Metropolltan. ...
do. pref.
rent Northern
Amalgamated Copper
Amer. Car and Foundry..
American Locomotive
American Tobacco
American Cotton Oil . ...
American Smelting ... ...
do. pref. |
Brooklyn Rapid Transit ...
Colorado Fuel and Iron ...
National Biscuit
National Lead
Pacific Mall
People's Oas
Pressed Steel Car
Sloss-ShefTteld Steel
Sugar Refining
United States Steel
do. pref.
Western Union
Mackey Company
Vlrglnla-Carollna Chemical
18
... 68
...104 3-4
...117 5-8
... 91 3-4
... 18 1-2
... 40 3-8
...122
... 83 3-4
... 17
...128 3-8
... 11 1-8
... 14 3-4
... 29 7-8
... 46 1-2 -
...121 3-4
... 74 5-8
... 38 3-4
... 32
... 99 1-8
... 97
... 48 1-2
'... 25
... 70 3-8
... 47 7-8
... 23 1-2
... 85 3-4
... 27 1-4
... 48
...113
... 32 1-4
... 95 1-2
... 75 1-4
63 5-8
LOCAL 8TOCK8 AND BONDS
GOLD EXHIBIT
AT STATE FAIR
One of the most Interesting exhibits nt
the coming state fair, and one that will
show the vast mineral reaotave* of Cbero*
kee county. Is that which will be made
through the efforts of Captain J. O,
son, of Canton. Captain Kobertsor
town Tuesday holdiug s cousultstl
Hccretnry Frank Weldon, of the state fair,
and made arrnngenmnts for nn excellent
which the handsome souvenir plate pro*
sented to President Roosevelt was made.
There will also be an extensive marble ex
hibit.
(Revised by HJJIyer Investment^ Coro^sny.)
Atlanta A West Point R. R. 160% - 1CT%
Atlanta, Birmingham nnd A.. 19 23%
do, preferred.
Augusta Factory
Central Bank nnd Trust Corp. 180
Exposition Cotton 31111s .... 220
Fourth Natlonnl Bank.... 210
Gn. It. R. nnd Bunking Co.... 240
(is. By. sud Electric 80
do, preferred
gcnlMNtrd Air Line 10
do, preferred ...............
Southwestern
Atlanta 4 p. c. bonds, 1933...,
Augusts 4s. 1986
Georgia 4%a, 1916 coupon
do, 3%, 1939. reg im iw
Dixie Cotton Mills 1st mfg. 6s. 98 101
Ga. R. R. nnd Itkg. Co., 6s.. 101 • 103
Seaboard 4s, I960 68 Tl%
1W
5814
at
ft M
MINING 8TOCK8.
Boitnn, Aug. J3.-Opening: Copper range,
... K ; Munaou.
Osceola, 108 to US;
IMU; Blnghntn. 10; Uulnry,
12**; Old Dompilnn, If; Oeeet
Trinity, 16; Mohuwk, 87.
4%
UNION
4%
SA
VINGS BANK
Could Building
CAPITAL STOCK . . . St00.000.00
4%
RESOURCES'
• 260,000.00
4%
TELEGRAPH MANAGER
ALONE AT THE KEY
Ptnr lurk. niiK. m.—< «»(i*c niuint;
Havre nt 10 n. m. mnrkH steady; 12 noon
advanced % franc; sales 14.000.
Hamburg at 10 s, in., market unchanged
ahy receipts 33.000.
The following figures give the opening
range and close In the New York coffee
market for toddy:
Opening
Range. Close.
.5.80^.90 $.30-6. hS
■.."..S.M&85
HAYWARD, VECK & CLARK,
COTTON, 8TOCK8, BONDS, COFFEE. GRAIN AND PROVISIONS.
Carondel.t and Gravier St*, New Orlean*
\ MEMBERS:
KkUmE' Member. Liverpool Cotton Ara n.
New York ,nd Cbl«6° Coe r wpoo<to*l».
J. S. BACHE & CO., AND BARTLETT, FRAZIER 4 CARRINGTON,
PRIVATE WIRES TO ALL POINTS.
per ton, ties rly yesterday, buyers for the most part
standing aside, while sellers evidence a very
keen desire to secure execution of their or
ders st the earliest moment. Wall street
wns pessimistic fsmn the start. Almost
complete paralysis of the tclogrspklcxdtnn-
thui left operators largely In the dark ss
to current developments In the relationship
of snpply to demand. Many Interior points
could obtain no Information whatever. The
government experienced great difficulty in
gathering weather map data. Private wire
K stems were the innln dependence. In
•xns. Arkansas and other states where tho
private wire* hare been eliminated through
anti-future trading laws, there was practi
cally no means of communication. Urge
hedge Interests In Texas hurried special
New York, Aug. 13.—Pronounced
weakness wns shown at tha local metal
exchange. Copper was off l-2c in the
asking price and tin off J-4c.
May
June
.Tidy
August
Keptemlier .. ..
October
November .. ..
December
l*lo*ed sternly.
5.80-5.90
5.85- 5.90
5.90-5.96
5.96- 6.00
3.96- 6.00
6.96- 6.06
$.66-5.70
5,7:. r,.v)
5.73-5.80
5.75-6.80
5.85- 5.00
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners.
Audit*. Special Examination!, Costing and Syitcmatiilng,
EMPIRE BUILDING, ATLANTA. GA.
Hpeclal to The Georgian.
Chattanooga, tenn., Aug. 18.—With
but one exception all operator* In the
local offlcee of the Weatem Union and
Poetal are on .trike. The one excep
tion lx an aged Weatern Union opera
tor named Rudd, who claim* he I* un
der obligation* to the company for
favor* ahown him In the paat. The
manager of the Weatern Union and hi*
day chief, aeelated by Rudd, are
handling a few message*. Th* mana
ger le the only one working at the
Postal office.
$88,000.00
GOLD BONDS
to net investor nearly 6 per
cent. Write for circular. J.
II. Hilsman & Co., Atlanta,
Ga.
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER, Pre.ldtnL H. T. INMAN, Vice-President.
GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, A(lt*tant Cashier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Tour Patronage.