Newspaper Page Text
H fa A'iXiAi'i i'A uaiiUnvjrlAX Ai\i)
Initial Prices Showed De
cline of Prom 4 to
9 Points.
FIRST PRICES LOWEST
Liverpool Closed at Sharp
Losses—New York Did
Not Fully Respond.
New York, Aug. 15.—Thera was heavy
.piling of cotton at tho opening this morn*
Inc br Wall street Interests and lome good
buying of Decembor and January, assumed
to be for Trice, corering of shorts. This,
with more contUlont Investment purctur'—
by some of the. pit operators constituted
futures of the early dealings. After the
Cotton during the morning session held
remarkably well considering the sharp
slump In both spot and futures In Liver
pool and the unsettled and feverish condl
up to noon. Trading was rather dull end
confined mostly to the professional element.
San Antonio had a hard rain Wednesday
afternoon and Houston reports rain Thurs
day.
All theearly decline was recovered
during the afternoon session, the tone
at the close being steady with prices
net unchanged to 4 points higher.
Receipts at the ports up to and In
cluding Wednesday aggregate 6,396
bales, against 19,686 last year.
SPOT COTTON MARKET.
.now lorx, quid; miuaung ld.zo.
New Orleans, quiet; middling 1394*
Augusta, quiet; middling 1394.
Savannah, llrin; middling i2%.
Memphis, Arm; middling 13*4.
Galveston, steady; middling 1394*
Charleston, nominal: middling 1394.
Wilmington, nominal: middling 1394.
Norfolk, steady; middling 1394-
St. Louis, qniet; middling 1394.
Baltimore, nominal: middling 1294*
Hnston, quiet; middling 13.25.
Philadelphia, quiet; middling 13.60.
HAYWARD, VICK & CLARK'S
DAILY COTTON LETTER.
New Orleans. Aug. 15.—Interrupted com
munication and the unsettled state of the
financial markets are still the principal
disturbing factors to trading In cotton.
Stocks opened weak. The Rank of Eng
land raised Its rate to 494 per cent. Liver*
pool, In consequence, was about 6 points
lower than due, and the execution of ac*
mumulnted selling orders caused a loss of
about 10 potnts nround the opening of our
market today. It recovered a little on ring
scalpers covering ahorti, but uncertainty
prevails, owing to lack of Information about
the weather. The map so far only shows
< loudy at San Antonio; rainfall .32 and
lunch lower temperatures—79 at San An
tonio and Galveston. Newspapers report a
rainstorm at Ilenumont, Tex. Easterly
winds —*—*' 4 *
preclpl ... __ _____
Manchester says trade conditions not quite
so satisfactory. Manchester trade suffered
by recent Annnclnl troubles In Egypt. T
Ing has settled nround 12.20 for Oct<—,
snd the market apparently allows resistance
to further decline. There has undoubtedly
been a thorough liquidation of the weaker
long Interest and the market Is In good
•hope to respond to. favorable InAuences.
From all reliable Information to hand, to
day's prospects have been too severely hurt
to allow of anticipation of even nn aver
age yield from that state. Cotton has
suffered a depression of 60 points, mostly
bv outside Influences. Taking nil this Into
consideration, the problem appears reduced
to tiding over further temporary setbacks,
which are always possible at such times
as the present. On the cotton situation
proper the policy of buying on tho scale-
down appears deserving the preference.
New York, Aug. 16.—J. H. Ilnche A Co.:
The cotton market suffered from tho gen
eral depression In the stock market and
unsettled Annnclnl conditions abroad, to
gether with the advance in tho Hank of
England rate of discount to 4 per cent.
The Liverpool market showed declines ex
tending 2$4 points lower than due and
our opening was from <W10 points lower
than the close. The weather conditions re
ported this morning Indicated reins In some
Texas points, but the rains were not fcevere
and general, but. ou the whole, the mop
was Javornble. The fear of Anandal com
plications mused a setback below 1.80 for
Iictol»er. The rest of the morning session
[ to disposition on the part
ement to take hold. We
.... _ and trading market, but
would favor tho long aide ou all depres
sions.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
v Hayward, Vick A Clark.)
ttXSLlF*' AWT* JErJ. »• barhe A Co. :
Liverpool wna due 694 lower on old and 465
lower ou new crops. Opened quiet, 5 low
* r . an d ® lower on distant positions.
At gUB was easy, net 794&S94 points lower,
ppots in moderate demand at 11 points
lower; middling 7.27; sales 7,000; American
6,W0; speculation and export 600; no re
ceipts.
Liverpool sends lower prices. Anandal un
settlement abroad with an advance In the
England bank rate unsettles both stocks
and cotton markets abroad. The cotton
market here la expected to bo quiet and Ir
regular with tendency downward. This will
no doubt be the rule until the flnsncls
situation clears. Think It safe to sell ou
all small advances. Weather conditions
continue the same.
Commission houses sold October. Wein
man bought 7,000 December nt 11.93 and 11.94
Scattering trade In January.
Selling pressure easing up for the present,
but very little conAdeuce ns yep.
„ Following arc 11 a. m. bids. August 1L15:
September 1L28; October 11.86; January 12.06:
March 12.16.
New Orleans, Aug. 15.—Hayward, Vick A
Clark: Market lacks conAdenee. Looks like
more liquidation and lower prices.
Weather map so far shows cloudy weath-
,\ Rainfall .32 at Ban Antonio, .04 nt
Gnlveston. Clear nud generally fair In
eastern half of belt, with scattered show
ers. Map not complete. Most of Texas
reports missing so far.
Think wilt go lower, owing to Anandal
troubles and rains In Texas, but would not
sell. Itather wait for n good opportunity to
**ur.
Newspapers speak of a rain storm In west
Louisiana, southeast Texas to Beaumont.
Some rain reported also from San Antonio.
No map yet, but weakness of Liverpool
very likely due to rain reports from Texas.
STAPLE COTTONS CONTINUE
IN STRONG DEMAND.
L. H. FAIRCHILD A CO/S
WEEKLY COTTON LETTER.
Now Orleaus, Aug. 15.—Liverpool was
"••nk t«Mlay, due to reports of rnlns lu
Texns. it will be noted, however, that
Mlm In that market continue to run ex
ceedingly heavy for this season of the year.
The weakness In the stock market, to-
(»g side, while such conditions exist. ffe
believe that the long* bnve liquidated now.
and that probably a fair short Interest tins
been Initlt up. Owing to the lack of wire
facilities it Is Impossible to form any
fxset tdon ns to weather coalitions, but
It looks probable that good rnlns have fall
en throughout Texas. Conditions at pres-
ent do not favor any material advance,
and for the time being we would prefer
to buy only on the set-lmeks. We would
keen off the short side, however, ns cot
ton hns had n fair decline, and the market
I* undoubtedly In n more healthy condition,
due to recent liquidation. We must not
overlook the fact that August and Hcptem-
t>er nre the most trying months on the
crop and any unseasonable weather can
play havoc with prospects.
WOULD FOLLOW TEXAS RAINS.
•light increase in yield
X«w Orion., A tig. 15—The Tlmra-Drmo-
. "Again the sentimental lnflu ;
races of rain predictions for Texas played
the cotton market
;h lq the opinion of well
of t* ’
informed students of the staple the ques-
I» n k»ln or »o rain In that state can
*&T» the quanta tive yield to a small extent
®niy. the Texas crop having been cooked.
«?\nwhll« other questions bearing upon the
relations of cotton to the various requlre-
of tb * ^vlllted world are clamoring.
»nd are entitled to greater thought and
“ore Intelligent consideration than hns yet
prevail on staple cottons for forwsrd deliv
the market higher, but
mand from the large consumers or cotton
goods. There Is no division of opinion In
regard to bleached goods being able to sub
tain a further advance, and lines of prom-
advance. It might appear to a casual oh-
that the market can not take at present,
tlons prtjvnll
yarn market
month. Met. _ —
dress goods manufacturers nre now able
ge with fair accuracy the course thnt
will take for the spring of 1908 and
are doing a fair amount of buying on Ane
worsted and the better grade of woolen
yarns. Silk piece goods are reported In
he wholesale and Jobbing markets is mov-
ig with remarkable strength for fall,
rices aro becoming tighter and the possi-
lo supply of goods from which cutters
and jobbers can draw Is diminishing rap
idly. In the gray goods market a most
remarkable buying period has closed and
‘ . -•* —p condition for
i many convert
, ivered * or theft
midwinter requirements. Wide goods In
80 by 80s and above are commanding a
premium In sales at second hands. In the
local jobbing bouses Tuesday a strong bust
ness was done on piece goods In the stn
pie cottons and also In fancy woolen, worst
ed and manipulated dress goods.
Print Cloths Stronger.
As buyers And It Increasingly difficult to
get orders on narrow standard goods ac
cepted for delivery within Are to six
months they are turning to odd construction
goods and 28-inch 66 by 60s are br
S nusually strong prices. The 2$-!nch
‘ goods nre completely sold up on
its for three months to come, and 28-Inch
bringing
:h W by
imam ior miPO uivuiuv iv wwr. nuu w-mi u
•tandarda at 6«c have been oft tho market
to all practlral jmrpoae, for aomo time.
The forward hualnese on this conatruction
la heln* hooked on n bnala clone to 6He for
delivery during tho three opening months
of 1905. On SSH-Inch atnndarda spot good,
bring Vic without any difficulty ana 7Mo
ban been pnld ter fnlr nlaed lots to he
delivered In December, January and Febru
ary. Convertera seem more anxious now to
purchase than printers nnd, together with
the ling manufacturers nnd other manufac
turing Interests, are causing much Inquiry
through this mnrkct for spot and contract
COTTON SEED OIL MARKET.
Following Is given the opening and clos
ing quotations of lb. Now York ct
oil market.
quotations of tb. Now
Openlm
:::
August
September. . •
October. . . . .
Novembor. . . .
December. . .
January
Closed quiet.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
UVE I’oV)l!f‘nY-neni, active. 8C*7He-,
chickens tfrlni. HHOnjtc. Dnekn, Ptkln,
Wo each; pwldlc, fie each. Turkeys, atstlva,
'^i^BlKsBfllS'^rblJF.TIlY—Turkey,, drawn,
active, Jl cents pound: fries, active, tOc
pound; hens.Uc per pound; ducks, dmwu,
'pStiDUcfi^Lard. lie pound; hams ...
live lie pound: shoulders nctlve 10Q11C
pound: sides active. Uc pound; bnttor dull;
lOOinie pound; beeswax active, ftc pound;
honey, bright, active,-10c pound; honey la
1-pound blocks nctlve. If He pound.
FRUIT*—Lemons, fancy Mesaena, 55.50;
hnnanna. 3Hc lb.; pineapples, Florida ntock.
none: limes, Florldn stock, per hundred.
•1: peanuts In aneks averaging 100 pounds
enrh. owing to grade. — ——' *“*•—
cantaloupe., slow sale,
ona, WielOc each: ileorgls peaches, 51.25®
*50 ernte: rhubarb. 75c each.
VI'UETARI.KS—Potatoes, new, W.T5 tar-
rel: per bushel. 51.40. Onions. Georgia, 51.60
K r bushel: Spanish, 51.60 crate; kraut, half
rrcl, 53.75; cabbage, IHc pound.
GROCERIES.
nir-R—tso 5<r«Hc: head M*7c: fancy head
7«7Hc, according to the grade.
CHEESE—Fancy full cream, 17 cents;
Georgia cane *yruP_J7 ceatj^ gallon: jalt,
100-pound, 50c:
heat' matches per gross, 51.65; macaroni
7c pound; sardines, mn.tsnl, UK css-.
IGAIt-Standard grannlated. 5H; New
York refined, 4.10; plantation. 5e.
COFFEE—Roaated Arbucklea tli; bulk la
biga and harrela lie: green nolle.
Shredded hlscult «S case; No. 5 rolled oat,
5S:s caw; sack grits, le-pound bags, SUM;
Edited by
Joseph B, Lively
Ur. Lively's twenty-firs
years* experience of ed*
King market* In Atlanta
and tbe Couth has made
him a recognised au
thority In his specialty.
RANGE OF Nf*W YORK STOCKS AND COTTON MARKETS
K4MR OF 6T0C1L
Amal. Copper. 777.
Am. Ice Securities. ..
Am. Sugnr ReAnery..
American Smelting. .
Am. Locomttve. . . #
do. preferred. . . *
Am.- Car Foundry. ..
American Cotton OU. •
Anaconda .
Atchison .
do. preferred. . . •
Atlantic C. Line. . . .
Brooklyn Rapid T. . .
Baltimore X Ohio. . .
Chesapeake & Ohio -
Canadian Pacific. . .
Chicago & Alton. . . .
Consolidated Gas. . ..
Central Leather. . ..
„ do. preferred. . . .
Colorado Fuel & Iron.
Corn Produce
Colorado Southern. . .
Delaware A Hudson. .
Denver & Rio Grande.
Distillers' Securities. .
Erie
_ do. preferred. . . .
General Electric. . . .
Great Western
Great Northern pfd. .
Illinois Central
Interboro
do. preferred. . . .
Kansas A Texas. . . .
7094
1# J
NAMES OF STOCK.
Kansas X Texns pfd.. • . . .
Louisville A Nashville
Missouri PacIAc
Mexican Central .
New York Central. ......
Northwestern
National Lend .
Norfolk & Western
Northern PacIAc. .
Ontario A Western
Pennsylvania. .........
PacIAc Mill
People's Gas Co .
Pressed Steel Chr. ......
Rending
Rock Islaud
do. preferred .
Republic Iron ft Steel. . • . .
do. preferred
Southern PacIAc. .......
Southern Railway •
do. preferred. . ......
8t. Paul. .
Tenu. Coni A Iron. ......
Texns PacIAc . .
Union . 4»<-i.lc • • • •
U. 8. Rubber
do. preferred
U. fit. Steel.
do. preferred. . ......
Western Union . • .
Wabash • . . .
do. preferred. ........
Wisconsin Central .
do. preferred
TIPS FLASHED
From Wall Street.
&
1 — u —
NEW YORK.
Tbe following Is tbe range in cotton fo*
tares In New York today:
i
t
a
li
1
ij
Aug
Sept
Oct. . . . .
Nov
Dec
Jan
Feb
March. . .
May. . . .
11.20
11.27
11.81
itsi
12.03
ir. is
12.22
ira
t£S
11.92
12.64
12.14
12.25
11.20
U.f4
11.75
tin
12.01
1109
12.22
11.20
11.36
11.90
&oi
12.12
12.25
1L 23-27
ll.::i :
11.90
UJMB
H.01-41
12.12-13
12.14-15
12.21-28
12.31-33
11.23-24
11.34-36
11.89-90
11.92-04
12.00-01
12.09-10 J
12.12-14
12.19
12.27-29
Closed steady.
LIVERPOOL.
Following Is tbe opening range, 2 p. m.
and clora, compared with yesterday’s close.
Future* opened quiet ana steady.
Opening PrevloM
Range. 2 p.m. Close. Close
August....... 6.92 -6.89 6.89
Aug.-Sept... 6.79 -6.77 6.77
Sept.-Oct.... 6.6394-6*61
Oct.-Nov.... 6.69 -6.57'
Nov.-Dec.... 6.67 -6.54’
Dec.-Jnn.... 6.66 -6.53'
Jnn.-Feb.... 6.64 4.62 ....
Feb.-March.. 6.55 -6.53 6.53
March-ApHl.. 6.66944.64 6.64
Aprll-Mny 6.5494 &62
Closed barely steady.
NEW ORLEANS.
The'following Is the range In cotton fo-
tures In New Orleans today:
1
ill
n
1
II
Aug
Sept
Oct
Nor
Dec
Jan
Feb
March. . .
12.62
12.19
12li6
p
12.62
12.32
1116
iiio
12.20
ll'.t.J
12.32
12*26
12.34
12.66
12.65
12.31-32
12.28-29
12.26-27
12.33-31
12.15
12.45-46
12. do
12.68-69
12.24-25
12.20-22
12.18-19
12.26-27
12.31-33
12.38-39
Closed steady.
- ■ ■ — •
NOTES ON GRAIN.
Pointers on Provision!.
Special to The Georgian.
'From Hayward, Vick & Clark.)
vM.vwgo, Aug. 15.—We, had the best cash
demand for wheat In Chicago yesterday
that we have seen In years, largely for ex
port account We believe, around Tw^aent
prices, foreigners will take a great deal of
wheat, and on any recession would recom
mend purchase of December wheat. W e can
see no reason for any material break In
^Receipts of oat* are large, bat they are
ot wanted. As soon ail tnls movement of
ats Is over with we expect higher prices.
Chicago Record-HeraId: Direct issue Is
taken by tbe Van Dusen-IIarrlngton Com
pany of Minneapolis with the official figures
given out for the northwest. In a letter Is
sued yesterday they say: "The government
report for Jaly gave spring wheat condition
l 87.2. The report for August gives it as
1.4, or n loss In condition of 7.8. In*our
pinion, there has beon sn Improvement In
*ae condition of soring wheat sine® July.
There Is a marked Improvement In the crops
of North Dakota. Barley Is now being har
vested there. The first wheat field* will be
ready In ten days, and wheat harvest will
probably continue until tho middle of Sep
tember. The barley harvest Is well advanc
ed In South Dakota. Cutting has been done
under very favorable weather conditions,
nnd the quality should be superior. Wheat
harvest has comtnencod and will tie general
next week. Minnesota Is n very long state
—390 miles from Iowa to Manitoba—nnd
what Is ssbl above of North and South Da
kota covers conditions In tnls state. Flax
es to promise the largest crop ever
..... ed In these states. Oats bnre been
unpromising throughout the season. The ex
perts hive not !»een able to And the diffi
culty, nnd ascribe It to some undiscovered
physiological reason. Some oats hart* beeu
thrashed nt southern stations, nnd average
19 to 22 ponnds. The first rye shipment
are being marketed here, and the quality 1
good. New hay Is coming to market non
and Is of high quality."
Robert McDougal of tho firm of Knight &
McDougnl, New York, said that tho indica
tions were thnt If It were uot for the dif
ficulties In communicating py telegraph a
good export trade In wheat might be doing
at present prices via the gulf ports. I!o
•ala: "I have the authority for saying so
1 rom having ourselves done something In
.hat way, notwithstanding all the obstruc
tions In our way. Cnrrying through* the va
rious details connected with an expor trans
action requires free use of the wires, and
I os under existing conditions that can not he
had the amount of business of the kind will
necessarily be small while tbe wire* are
tied up."
Broomhnll cabled foreign crop conditions
at follows:
United Kingdom—Tho cutting of wheat
has commenced nnd crop Indications nre un
changed.
France—Harvesting Is well advanced nnd
reports regarding the outlook nre favorable.
Offerings ore more liberal.
Germany—Weather conditions show some
Improvement. Tho quality of rjre la very
Irregular.
Hungary—The heat Is causing aomo dam
age to the corn cron and the yield Is ex
pected to be n medium one.
Roumnnln—Official Indications polut to a
surplus of 12,600,000 bushels of wheat. 8o e
deterioration (n the corn crop la noted os a
result of drought-'
Bulgarin-Tbe first arrivals of now wheat
are of excellent quality and indications
point to a yield of whent averaging 66 per
cent.
Italy-Offertngs of new wheat tr® liberal.
Russia—Harvesting Indications are fully
maintained. The quality of the grain la
good, but the movement Is slow.
Bnrtlett-Frnsler got tho following from.
&1. Louis: "Good big sales of whent hare
been made to Tennessee mills Inst twenty
four hours, nnd fiour exporters nre report
ing liberal acceptances by United King
dom."
WHEAT OPENED WEAK;
CORN ANOJTS FIRM
Lower Cables and Min
neapolis Curb Main
Factors in Wheat.
bwn »lr,n Ih.m, ..... .
"Alionl -l«ht r-nr. «ro *h. total r«lao of
• crop mulor 11000,000 waa onlr *omo 5J00,
«l).r»t. Till* your. rtooM tic South prodnn
no more limn 11000,000 mil export nn more
thnn 7,000.0)0 bnle*. tho mine of the row
cotton axportcl will nlnne l>rln» Into thla
country much more roll! than the entlr*
crop elaht yeara o*o. .whlto nor amrtncotM
nmnnfarturra of cotton nooda, mo.t of
which la exported. to»ether with the liy-
jSJlSrta, will nn the direct remit of th.
Sonth'a endeavor bring the aura total of
new wealth Into thla country to » very
hnndaome dgore.''—Hayward, Mck A Chirk.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BOND8, COFFEE, GRAIN AND PROVISIONS.
Cnrondelet and Gravier 8ta„ New Orloana.
MEMBERS! ...
saw Orleana Cotton Exchange. New Orlmna Future Bmkm Aaaochllon,
York Cotton Exchange, New Orleana and Chicago Boardo of Trade,
Cotton Exchange. New York Coffee ExcGinK».
Hiraaton Cotton Exchange. dtaoctate Jtemhera Liverpool Cotton Axa a
New York and Chicago Corrrapondenta:
J. S. BACHE & CO., AND BARTLETT, FRAZIER A CARRINOTON,
PRIVATE WIRE8 TO ALL P0INT8.
morning under the Influence of
lower cables, a lower Mlnnoapolta curb and
continued weakness In New York stocks.
There waa a loss of from % to 94 In the dif
ferent options at the sturt, and the trading
was only moderato and generally local. The
tbe output of flour, together with an !m
provement In the demand.
Corn and oats opened Ann at n slight In
creease over yesterday's close, but trading
was not extensive. /
Provisions were dull and lower.
Wheat closed l-8@l-4c higher. Corn
waa l-8c better. Oata were up 6-84i>
7-8c and proviHlons wero off fraction
ally.
Price* were carried downward late
on free selling. The bulge during mid-
•esalon was on an unconfirmed report
from Calgary that the temperature had
receded to 38. This not being to the
liking of shorts they made a rush to
cover and this aeht values up sharply.
Wheat had some bearish sentiment fol
lowing the panicky condition on the
curb last night. Tho Northwest bought
wheat all day, adding to their already
big long lines. Conditions for the
spread of rust were more favorable.
Corn and oats acted In sympathy
with the price movement of wheat,
CHICAGO GRAIN MARKET.
WEATHER REPORT.
WEATHER CONDITIONS.
The states east of the Mississippi are now
cover*? ‘ " *“ —*“
tral ov , _ _
lowing In tho wako of the high area Is an
area of low pressure whoso center Is In
North Dakota while Its trough extends
south Into western Texas.
Cloudy weather prevails In the Missouri
valley, the lake region and the southeast
The temperature changes In ths last 24
hours have been small as a rule.
The present outlook Is favorable for show-
era In his section tonight and Friday.
COTTON REGION BULLETIN.
Following are the Chicago grain and pro
visions quotations for today, compared with
yesterday's close:
Previous
Open. High. Low. Close. Closo.
WHEAT-
8694 8494
^ %
8494
Beptc...
Dec....
May.... 859fc
CORN-
Sept.... 6494
ee.... 61*
ay.... 6394
OATS—
Sept.... 4494
Dec.... 43
May.... 4494
l’ORK-
Sept
LAUD—
Sept... 8.9794
Oct... 9.0794
HIDES—
Sept... 8.6294
Oct... 8.7294
»
*614
MH
Bit
MH
5b
HI
8-92H 8.32H
8.0-H ».0!H
LIVERPOOL GRAIN MARKET.
oyxt.rt, fnli tvvllthl. If cue; light w-tfht
11.10 caw; p-pper, isr lb.; taking powd.r 55
c.; rut Minion, 55 «u«; pink Mlmon, SI S
mm; eooon. .chocolate. S3; anuff. l ib.
lira. 45c; rout beef. 11.60 eaae; corned beef,
h.« caaa; eatattp. 51.40 caae; alren, Nm Oi-
leanr. 55c fallen: corn. 30c fallen: Cuba
potaib. S3.2MIS.W ««a*; pcnnuU 5c; rota
i-ply cotton, lie; aoap, 1LS0SH cam.
PROVISIONS.
PROVISIONS—Supreme burnt ISHe, bellies
5M12S pound! averafe. *.5fH; fnt buck*. 8.»:
Supreme lard, *H-_ Purity compound. *74.
l ulltorcla natai. I6r; urj anti ,-itra rlta
8 ’ 4 FLOUR AND GRS'N,
PIJJUB-Hlftaat patent, 56 75; Imat pat
ent, SB.**; atandard putent‘54.75; kalf pat
ent 5L<5; aprlof wheat patent. HM.
COBN-Vto f white. 7Jc; choice white. Me;
No. f yellow 79c; mixed. 75c; cracked corn
"clHCKESl^KEri-FIfty-poiiml aorka 51.00,
Fnnla chick fernl[ 52; 1 Ictor feel 51.40.
* OATS—Nn. * white. 05c: No. 5 mixed Or:
Golden oata Me: whit, clipped tic; fancy
*fif*Sfi»l». per ISponnd aaeka. He; 43-
pound Meia, 55e; plain, i4 poaud tucks, 52c;
**Sa’Y—Timothy, choice larac tale*. 51.40;
Choice Itiuill lialee, 51.56: No. 1, one-
thlnl tales. 11.30; No. 2, nne thlrd tales,
51.25: choice rralrte. tuoo; Itcmuil.. 51.10.
SHOUTS—Choice white 81 65; fancy 5t«;
brown (It to 106 noundal. 81.43; bran. 5LK.
COTTON SBRu MBAIc-Prime per toa
v. No. 2 per ton, 52100; bulla per toa
’ FISH.
nsn-Sream 7c pound: enapper l«e
pomi't: trn’tt »C rnuti'l: l.lu, fl«U ;<■ I.nuod;
pompano. SCc pound: mackerel. 1274c pound;
mixed dab. 6c pound; fresh water trout, 5c.
THE LIVE STOCK MARKET,
Chicago, Aug. 15.—Ho;
Market steady; mixed
heavy 86.6006.16; llitht
aulea 56.0G*fG.35.
ta 21,000.
- IPt*!_ . . ...
be®res 14.36®7.60: cows and heifers ll.Ww
6.40: stackers and feeilers |2.60®4.90; calves
$5.25® 7.50.
8heej>—Uecelpta 12,000. Market steady;
native and western sheep $3.60®5.90; lambs
15.25® 7.80.
THE 8UGAR MARKET.
New York. Aug. 16.—The local refined sug
ar market today was unchanged; raw mar
kets 1116c lower. London beet sugar un
changed).
CHICAGO CAR LOTS.
Wheat.. .. .
Corn.. .. ..
Oats
lings, head.,
i for tomorrow art at
lfcday. Toroor.
DISTRICT.
Atlanta, p. cloudy. .
•Chnttnnoogn, cloudy
Columbus, dear. . .
Greenville, cloudy., .
Grinin, clear
•Macon, clear
Rome, p. cloudy. . . ,
•Spartanburg, ralu.. .
Toccoq, cloudy. .... „
"•Hinlmura temperature* are for 12-hour
perltMl ending at H n. in. this date.
••Received too late. Not included In dls-
trlct avernges.
CENTRAL
STATION.
Atlanta. . .
Angnsta. . .
Charleston. .
Mobile. . . .
Montgomery.
New Orleane.
Savannah.
Wlimlnii
DISTRICT AVERAGE*.
ngton,
ndicntei
recfable ralnfaTF
Special to The Georgian.
(From Hayward, Vick A Clark.)
We do not believe In getting panicky at
thla time, but we would advise staying on
shore until things dear up. Stocks are a
safer purchase much higher wheu confi
dence returns than they are now.
Bank of England rate raised to 494 per
cent. Ws* 4 per cent Wednesday.
New York Commerdsl: Some of those
more pessimistically Inclined are of tho
opinion that the price of copper metal will
go to 16c, 4n which case Is asked, can Amal
gams ted continue to pay an 8 per cent an
nunl dividend? At 16c the probabilities are
that It can uot, but the experts are not
figuring on anything below 18c for the
metal. This Is regarded as cheap enosigb,
but It would be quite a drop from 25c.
ror some reason or other, the belief la.en
tertained In certain quarters that some of
the Investment holdings of United States
Steel preferred have been coming out%f Inte.
The action of this Issue, which sold off
when the common rallied, may account for
the feeling In the matter.
The position of the Brooklyn Rapid Tran
sit nnd Interlioruugh-MetropolUan stocks Is
not osauring. Weak holdings In both of
with the
Failure rr .. „ .....
abroad to rally In price haa made traders
more bearish thnn ever on Amalgamated.
Every now and then big blocks come out
and encourage tho lH*nrs to further activity.
A leading financial authority soya "tho
United States Isn’t going to pieces all nt
®*»ee. Nor la It going to nieces nt all, al
though the stock market Is making some
■Wrnvatlngly bad breaas.
The Southern Pacific Is earnlni
mile now. nnd the Atchison J10,i
operate about the same mileage.
.At present prices, some stocks yield from
35 to 17 per cent. Rut there are many per
sons who are waiting to get them at even
lower ratos. They arc not hoggish nt all,
but merely human. In the near future they
lununnie at mat.
It Is said that "scared broken" will an-
peal to Mr. Roosevelt. Perhaps ho may ad
vise them to put up more margins. Then
BREAK IN STOCKS
HEAVY 1ST HOUR
Decline Extended to Four
Per Cent in American
Smelting.
..-Hi. 4u« *t-nr oi mner i run Diva
In the manufacturing world hns sprend pes
simism through the street thnt will likely
be reflected today In lower prices for ninny
issues. We would, however, call' attention
to thg character of buying that went on In
l nlon Pacific during yesterday's bear raid;
1 he support wna for insiders, and aa there
must bo an lmmeuso short Interest in the
stock we look for an early rally similar to
Tuesday k The throwing over of Invett-
ment holdings; marks the necessities of In-
dividual, but the liquidation Is being carried
ou in a comparatively orderly manner
there Is no present reasou to look for
tunl panic.
Copper metal nnd foundry Iron prices are
on the down trend, evidencing a general
let-up In business, which must, however, re-
— iiltlmntelv In irood fn efi *
ity i
9 lO'
dim _____
returns. 'The public buying Insufficient ^to
build up before long a foundation for radical
Improvement In prices, nnd with prospects
for a particularly favorable bank statement
Hntunfny nnd rennsurlug words from Secre
tary Taft next week, we look for an early
turning of tho market.
On further breaks today the Hnrrlmnn
stocks. Hills, St Paul. Atchison, Reading,
tho Steels and Coppers nnd better Issues
genera By may be bought for good turns.
Brooklyn Rapid Transit Is duo for a
sharp rally.
On the weak places buy cotton for a turn,
but do uot buy tho grains excopt on breaks.
THE LONDON 8TOCK MARKET.
Anaconda
Atchison
do, preferred ..
Amalgamated Copper
Baltimore nud Onlo .
Chesapeake nnd Ohio
Canadian Pacific ..
4iu, iiirii-rri'ii .. ,, ,
Illinois Central .. .. .. ,
Louisville and Nashville ,
Kansas nnd Texns
do. preferred
New York Central
Rock
Southern Pacific t
Southern Railway .. ..
do, preferred
St. Paul
Union Pacific
United States Steel „
do, preferred
Wall,Tli preferred .. ..
TRADING VERY ACTIVE
At Midday Better Feeling
Was Noted—Some Sharp
Advances Established.
4 hours ending at 8 a.
m., 76th meridian time.
'Remark*.
No marked changes of temperature have
occurred In the past 24 hours. Rain has
fallen In all districts heard from.
J. B. M A It BURY, Sect lot) Director.
WEATHER FORECAST.
the middle Atlantic state* nnd the St. l*nw-
rence valley. It has caused fair, cool weath
er, in the Inke region nnd In the Ohio val
ley, eastward to the Atlantic. Reports from
west of the one hundredth meridian nt this
hour ore very much scattered, bnt It
pears that a depression la moving ak
eastward over the Dakotas.
Rain has fallen In the last twenty-four
hours In tbe south Atlantic states, western
Tennessee, along the middle and west gulf
coasts and there have been scattered show-
era In Texas. Missouri, the Dakotas and
the upper lake region. Rain Is probable
tonight nnd Friday In the south Atlantic
states and scattered showers may fnl* *
the east gulf states and Ohio valley,
temperature will rise generally from _
northern portion of the Washington portion
of the forecast district.
Forecast till 8 p. ra. Friday:
Virginia: Partly cloudy tonight: warmer
_j extreme southwest portion; Friday show
ers and warmer In the Interlfhitfrcnh north
easterly winds Incoming sou them.* crly.
North Carolina: Fair In essteruV^tlon;
showers In western portion tonight; Friday
showers; northeast winds.
South Carolina: Rain tonight and Friday;
northeasterly winds.
Georgia: Fair tonight, except rain in
southeast portion; fresh northeasterly
winds.
Eastern Florida: Fair tonight} Friday
ahowers: light to fresh northeasterly winds.
Western Florida nnd Alabama: Fair to-
nlgbt; Friday ahowers; light southeast to
south winds. •
Western Florida and Alabama: Fair to
night; Friday showers; light southeast to
south winds.
Mississippi: Fair tonight and Friday, ex-
»pt showers Friday In southeast portion;
Ight to fresh southerly winds.
Tennessee and Kentucky: Occasional
showers late tonight or on Friday,
MINING ST0CK8.
Boston. Aug. 14.—Opening stocks: Copper
nnge 62; Osceola 102; Moliawk 75: Shannon
194; New Haven 160; Butte coalition 1894*
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners.
Audita, Special Examinations, Costing and Systematizing,
EMPIRE BUILDING, ATLANTA, GA.
MONEY AND EXCHANGE.
N.w York, Aug. I5.-Hon,y on rail 88504.
tlnm Iran. Arm at W.'.i fur all |H>rio<li>.
, I-O..WI ra,,...' Htrri .ix ■■irhansi. 54.33\itt
4.87U. with nctnnl huali.eaa In l.nnk'T.' hill,
at 84.3O00«4.57 fnr d'man.l anil 5l t.JMl4.MV
tor alxty-dnjr hllla.
I-rlnip mi-rrantlle paper iinrhanewl.
London tar .liver 5113-14L1. New 1
liar silver «9He.
.Mrxlraa ilollara 55He,
LOCAL STOCKS AND BONDS
ZW
■Sit
(Revised by Hlllyer Investment^ Com]
Atlanta A West Tolat R. R. 16094
Atlanta, Birmingham and A.. 19
do, preferred
Augusta Factory
Central Bank ami Trust Corp. IS)
Exposition Cotton 31111s .... 220
Fourth National Bank 210 •
Ga. R. R. and Banking Co..,. 240
On. Ry. a ml Electric 80
do, preferred ..
Sen hoard Air Line 10
do, preferred 1994
Southwestern 107
Atlanta 4 p. c. bonds, 1933.... 9994 10394
Augusta 4*. 1935 102
Georgia 494s. 1915 coupon 10694 10894
do, 394. 1939, re* 101 —
Dixie Cotton Mills 1st mfg. Is. 96
Ga. R. R. and Bkg. Co., 6s.. 102
Seaboard 4a, 1960 6S
THE COFFEE MARKET.
The following figures give tbs opening
inge and close lu th* New York coffee
arket for today:
Rang*.
January 5.80-5.9)
February
6.85-5.95
i 83-5.96
906.00
5.90-4.00
5.96-6.00
iWfjs
December 'A ”, A’listiis
Cloaed steady, tales 4,775 bafs.
March
April ..
May .. .
June ..
July .. ..
August ..
September
October .s
November
6.80- 5.86
5.86-5.90
6.854.90
6.90-5.90
6.964.00
6.004.05
6.004.06
5.754.85
5.754.85
5.80- 5.85
lists
New York, Aug. 16.—Today's market broke
again Imdl/ at tne opening nnd the greater
part of the active list went even lower
than their lowest levels of yesterday. But
present for execution ami enormous lines
of short stock were covered. Under tho
rapid absorption from these sources, tho
market rallied sharply from the low prices,
and, after fluctuating for a time nervously
nnd uncertainly, the adrance was resumed
lu all directions. By midday the general
list waa well up on the day nnd tho ex-
citemeut which accompanied tbe liquidation
nt the opening had In a large menaurn sub
sided. The Isomlon market was completely
upset, and losses extending frrom KS194
points were shown In tunny of the leading
American stocks. It was the consensus of
opinion, however, among local observers
that our market lias received strong enough
support to offset for the time being at least
these unfavorable factors.
New York, Aug. 16.—The first prices re
corded on the stock mnrkct on the tape
showed n decline of 4 points In Smelting.
St. Paul opened 194ilower. Rending 1%. Air
Brake 1%, Northern Pacific declined 2% In
nil, Anaconda 194 In all, New York Ceutrnl
Union Pacific open. ..
1,000 shares 294 lower. Pennsylvania declin
ed only 94- Amalgamated Copper opened
on 2,600 shares at 66, a decline of 394. It
sold on 1,600 shares at 67 and sold off to 65.
later gaining to 66. At the lower point It
was off 494-
At the cud of ten minutes' trading Smelt
ing milled 2 points; Steel common, which
opened on 6,000 shares nt 2994, a decline of
%, fell 94 further nnd milled to the opening
figure. Kugar opened 294 lower and rallied
Cork Central, which openM nt
mr-* “ * —*“*
Union f*a
Baltimore nnd Ohio declined In all 2%
nnd rallied 2. »t. Paul recovered 1 per cent,
rising a slight fraction above yesterday's
finals. Southern Pacific opened off 1$4 and
rallied 1 point. Canadian Pacific lost In all
2 po|nts. Northern Pacific lost 294 and ral
lied 1H-
By the end of fifteen minutes' trading
Amalgamated had recovered 3 points from
the low point. Illinois was an exception to
the general list, rising 294 nt the opening.
At the end of twenty minutes' trading tho
market was very active nnd Irregular with
recoveries lu progress.
Closing' bids for the active list of
stocks follow:
Atchison 84 3-8
do pref 90
Baltimore and Ohio 911-4
Canadian Pacific ...1061-4
Chicago and Northwestern 1411-2
Denver and Rio Grande 22 1-4
do pref 23 1-4
Erie 63
Illinois Central 20 5-8
Jersey Central 129 1-2
Louisville and Nashville 104 7-8
Manhattan 120
Mexican Central 171-4
Missouri Pacific 65 3-4
New York Central ..102 1-2
Pennsylvania 116 1-4
Reading 89 1-2
Rock Island 18 1-4
do pref 42
St. Paul 121
Southern Pacific 82 5-8
Southern Railway 15 7-8
Union Pacific 125 3-S
Interboro Metropolitan 901-2
do. pref 27 1-2
Great Western .. ..118
Amalgamated Copper 69 7-8
American Car Foundry.. .. .. 37 1-3
American Locomotive 60 1-2
American Cotton Oil 76
American Smelting 30 1-8
do. pref 94 7-8
Brooklyn Rapid Transit .. .» 94 3-4
Colorado Fuel & Iron 42 1-4
International Paper .. .. .. .. 23 1-2
National Lead 70
Northern Securities 45 3-4
Pacific Mall 24 1-2
People's Gas 84 1-2
United States Steel 31 1-8
do. pref .. .. .. .. 93 1-4
Western Union 76 1-4
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Roston, Aug. 16.—Following was the bid
nnd asked price on Georgia Railway niul
Electric Company today. Asked 83. I're*
ferred, 83 nsked.
4%
UNION
4°Jc
SAVINGS BANK
Gould Rulldlna
CAPITAL STOCK . . , St00.000.00
' ' RESOURCES | 0/
4 /0 S260.000.00 | 4 lO
$88,000.00
GOLD BONDS
to net investor nearly 6 per
cent. Write for circular. J.
H. Hilsinan & Co., Atlanta,
Ga.
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, PretldenL H. T. INMAN, Vlc.-Prc.ld.nL
— GEO. R. DONOVAN, Ca.hl.r,
JAMES 8. FLOYD, AultUnt Chirr.
Capital . 8500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.