Newspaper Page Text
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THE ATLAN i A uEoitGi AM AMU i\E\> ri.
COTTON FUTURES
OPENER STEADY
Gained C o n s ideivable
Strength During the
First Half Hour.
WENT UP PEW POINTS
Later Eased Off, Losing the
Early Improvement
by Midday.
S*xv York. Aug. 19.—Tho cotton market
itirted quite steady and Inter gnlned con*
tlderable strength on n good demand from
Western houses In connection with good
local lmvlng. For n time after tho call
prices wore up 8 points, hut Inter cased off
« couple of points on realizing orders.
After some show of strength mound
the opening, realizing orders made their ap
pearance. a slow decline sctlu , which at
{nlddsy had wiped out the early advance.
There was little business transacted dur-
The market remained dutt up to the
close, which wus net unchanged to 3 poluts
lower. '
SPOT COTTON MARKET.
NEWS AND GOSSIP
, of tha Fleecy Staple.
nidiiiiiiK i:
■New wriciiun. ijuioij middling io7|,
Augusta, quiet; middling 13%.
Savannah, steady; middling 12%.
Memphis, steady; middling 13%.
Galveston, firm; middling 13%.
Charleston, nominal: middling 13%.
Wilmington, nominal; middling 13%.
Norfolk, steady; middling 13%.
St. Louis, quiet; middling 13%.
Baltimore, nominal: middling 12%.
Huston, quiet; middling 13.25.
Philadelphia, quiet; middling 13.60.
Mobile, quiet; middling 12%.
Houston, steady; middling 13%.
Cincinnati, nominal.
New YOrk, Aug. 19.—Bartlett, Frazier &
Carrington: Our market advanced on Lou
don prices. Afterward the reported en
gagement of $1,000,000 gold lor export eased
prices. Wall street Is awaiting the text of
the speeches. The iluvestuieiit market In
bonds presents no new features. On tho
advance this morning liquidation of a quiet
sort beennuf apparent. Thero are some
big industrial loans falling duo this week,
how.
they will be patched up some*
New Orleans, Aug. 19.—Cotton interests
are still wultlug for some developments to
make the next more. Disposition to buy ou
crop damage in Texas Is greatly in predom
inance, and recent correspondence from Eu
rope would Indicate that consumers ore
apprehensive over the Texas drought, and
that a bull movement on our side would
Induce hedge buying on a lnrge scale. The
uncertainty over fluhnclnl affairs holds
bullish enterprise In suspense nt present,
opening trades here were around Katur-
day's closing figures followed by a few
points advance ou buying on tho bullish re
port by The Memphis Commercial-Appeal
on Texas and the weather map showing
generally fair weather In the western and
central states with high temperatures. Tho
I’lcayune's crop summary for Louisiana and
Mississippi Is very good. It soys condi
tions have been, thoroughly Improved by
good showers and crop conditions lmvo I in
i’roved 10 to 15 per cent. Messrs. Well
Pros., of Montgomery, give a favorable ac
count of crop conditions In Alabama and
tho eastern states. The weather map lu
dlcates the l»est prospects for tain In nortn
Texas, the t»rrltorles and Arkansas we have
had for some time. It will also turn much
cooler over the northwestern half of tho
l>elt. This outlook prompted scalpera lo
liquidate, and October fell back to If23.
Trading Is narrow nnd professional. Frier*
paid In the Interior of Texas for new
receipts keep up well around 13%c.
L. H. FAIRCHILD & C0.‘8
WEEKLY COTTON, LETTER.
New Orleans, Aug. 19.—Owing to the teleg.
Timbers' strike, the usual supply of crop
news lias been very much curtailed, nnd
business 1ms been restricted to a considera
ble extent. However, the demoralized state
of affairs prevailing In Wall streot has
been tho all-absorbing feature of the week,
and In reality so far as cotton Is concerned
there Is very little to bo sold In roferonco
to new developments.
From nil tho Information wo have been
•ble to obtain It appears that tbo greater
portion of the belt shows satisfactory crop
progress, while that portion of Texas which
lins been suffering from drought has re
ceived very llttlo relief, although some
showers have been reported in certain lo-
rnlltler- Th« uncertainty of the Texas crop
Is undoubtedly the chief support to the
market at tho prevnt moment, nnd If the
situation seemed to Justify It It lx more
thsn likely we would hoTe witnessed a con
siderable decline this week owlnir to the
unfavorable finnnclol outlook. It would
seem wlso at the moment to pursue a very
cautious policy In trading, owing to the
rather gloomy financial outlook, which Is not
by any means confined to onr own country.
We hare held to a bullish view on cottou
not became we believed In crop failures,
but because we believed In the expansion
of the trade and a steadily Increasing de-
I lunnd for our staple, and this, taken In
Special to The Georgian.
„ (From Hayward. Vick & Clark.)
New \ork, Aug. ip.—Bartlett, Frazier &
Carrington: Cotton opened a trltlo bight
on cables nnd unchanged weather eoK
tlons, but there were less than j.000 bales
traded In on the call. The market ad
vanced after the call ou buying by (Jwnth
uiey and commission houses. Shearson
Mitchell sobl.
Liverpool futures opened steady partially
l op nt 13:15 p. m., 1!j1% up. Futures
were duo to come unchanged to 1 down,
Spot steady 2 points higher; middling 7.27i
Bnles 6,000; American o.TuO; speculation and
export 700; receipts 5,00d; American uone.
Following are 11 a. m. lbds: August 11.15;
September 11.26; October 11.84; January n.0S;
March 12.17.
The market has gotton well short within
past ten days, duo principally to Wall
street depression. It Is now sold out for
the day, and any little buyiug will put It
Mr. Harman wires from Shreveport, La..
“I made a 40-ndle trip down the west side
of Bed river Saturday nnd yesterday, nnd
saw but a few cotton blooms, due to weevil
and boll worm damage. Most planters think
craps will yield not more than obout lqilf
of last vear'a.” .
New Orleans, Aug. 19.—Hayward, Vick A
Clark: The Picayune's crop summary *
the week Is very favorable to Louisiana
and Mississippi. It says good rains thor
oughly relieved the droughty condition In
Louisiana nnd Mississippi. Crop conditions
Improved 10 to 15 per cent during the past
“•eek. Plant starting new growth.
Map, complete, shows generally fair In
io western nnd central states. High tem
peratures. Indications arc for much cooler
weather, generally cloudy nnd showers In
north Texas, territories and Arkansas by
tomorrow.
^Crockett, Tex.—TlJe first bale was brought
Temple, Tex.—The second bale was receiv
ed nnd sold for 13%c n pound.
Eagle, Tex.—About 250 bnles sold hero
up to present time.
N’orth Ztilnh, Tex.—Severn! showers fell
Inst week, but too late to materially beuefit
cotton. Cotton will average about ono bnlo
to five acres.
Edna, Jackson County. Tex.—Cotton Is be
ing rapidly gathered. The high prices paid
make farmer* rejoice.
Bryan, Tex.—A good rain fell, but too
late to benefit cotton.
Today’* weather map holds out the best
prospect* for Ynln in northwest Texas, the
territories, north Texas nnd Arkansas wo
hnve had for a long time. Cold wave of
decided character coming.
Memphis Commercial Appeal report Is
very bullish on Texas.
Picayune crop summary nnd crop report
south In Texns from the northern counties
the state gets progressively dryer and the
cotton crop prospects correspondingly poor
er, until south Texas, where It Js expected
that the harvesting and marketing of the
cotton cron will he finished at a very early
date. Knln in some of the southern sec
tlons where It has hen dry a very Ion*
time nnd where it would not be or greal
benefit, according to some reports, while
others state thnt a top cron may yet be
made. Some light showers havo fallen in
the aouth and southwest, hut as a rulo they
dried off quickly and benefit was small.
Northern Texan nnd western Texas have
hnd no rain. In weatern and central Texas
tho temperatures were very high all the
week through, and the cotton seems losing
Its vitality. Some reports from the west
are very pessimistic. The northern section
of the state Is still dry, but up to the ]
ent time the plant has held Its own nr
now well fruited nnd promising. It has
reached a stage, however, where rnln is
needed nnd without It the plant will do-
ATLANTA MARKETS.
FRUIT AND PRODUCE.
higher price*
very strong. However, we frankly admit
the possibility of the price of cotton along
with everything else, being unfavorably af
fected for a time If It should become evl-
•lent that we hare entered Into a period of
Mvere depression, such as was experienced
The post few year*
m —the most prosperous
In the world's history and the reaction
shich seems to have begun may bo quite
i« pronounced ns hns been our recent suc
cess, nnd If so the expansion of our cotton
jfjjjjdjj trade Is apt to recelvo a temporary
plunw of'the situation in~ connection" wttE
the more Iminedinte price factors, such ns
size of the crop, present spot demand, etc.
GOODS BUYERS MOVING
WITH GREATER CAUTION.
New York Commerrhil: Selling agents
■nd commission inerchnnts In the dry goods
trade approve of the more cautious pur
chasing of merchandise which Is In evi
dence. They declare thnt buyers, whether
representing converters, entters-up or th«*
department store trade, are Justified In
moving with greater caution than they did
earlier In the season, owing to the persist-
cut circulation of stories of a financial
■trlngeney. While this may not come to
pass, it fs felt that the general confidence
J'* the commercial world will be conserved
,. r the purchasers of merchandise limiting
their operations for fall nnd winter rather
than expanding and stretching their pur
chasing powers. A* the present time there
on the books of most houses In the
wholesale districts larger orders on the fnll
t|ae* than have been booked In any recent
X**r, certainly larger than last year on
cotton* and on silks. The position on
Woolen goods for fall nnd winter delivery
A
EGGS—Active, 21c.
LIVE POULTRY—Hens, active, 35®37%c;
chickens (fresh), 15b30c. Ducks (Pekin),
80c each; puddle, 25c each. Turkeys, active,
12%c per bound.
DRESSED POULTRY—Turkeys, drawn,
active, IS cents pound; fries, active, 20c
pound; hens.ISc per pound; ducks, drawn,
fancy 15c pound.
PRODUCE—Lard, He pound! hams ac
tive 16c pound: shoulders active lOdPlle
pound; sides active, 11c pound; butter dull;
10<{H2%c pound; beeswax active, 25e pound;
honey, bright, active, 10c pound; honey In
1-pound hloeks active, 12%c pound.
FRUITS—Lemons, fancy Messenn, $5.25;
bananas. 3%c lb.; pineapples, Florida st
none: limes, Florida stock, per hund.._,.
75c; peanuts In sacks averaging 100 pounds
each, owing to grade, per pound, 6%Q8c;
2.50 crate; rhubarb. 75c each.
VEGETABLES—Potatoes, new, 13.75 bar^
rel; nor bushel, $1.40. Onions. Georgia, $1.60
nor bushel; Spanish, $L50 crate; kraut, half
barrel, $3.75; cabbage, 2%c pound.
GROCERIES’
ihpr-Jan MM%r: bend 60?c: fancy bead
7G7%c. according to the grade.
CHEESE—Fancy full cream, 17 cent*;
Georgia cane syrnp 37 cents gallon; salt,
100-pound. 60c: axle grease $1.75; soda crack
era, G%c pound; lemon. Sc: oyster. 7c; bar
rel osndv. per pound, 6%c; mixed, per
8-pound, C%c; tomatoes. 2-pound, $2.00 ease;
8-pound, $125: navy beans. $2.35; Lima beans
6%c; best matches per gross, $1.05; macaroni
6%07o pound; sardines, mnstnrd. *3.28 ease.
SUGAR—Standard granulated. 1%; New
York refined, 4.90; plantation, 5c.
COFFF.E— Roasted Arhnckles $16; balk In
bags ond barrel* 12c: green llC13c.
Shredded biscuit 85 case: No. 8 rolled oats
13 n esse: sack grlta. 90-pound bags. $1.83;
oyster*, full weight. $2 case: light weight
li.10- esse; pepper, 18e lb.: baking nowder IB
case: red salmon, $5 ca«o: pink salmon. $4.25
case; cocoa, 40c; chocolate. 33; nnl 1-lb.
jars. 48c: roast beef. $2.60 case* corned beef.
$2.60 case; catsup. $1.90 case; sirup. New Or
leans, 35c gnlloa; corn. 80c gallon; Cuba
Edited by
Joseph B. Lively
MARKETS
Mr. Lively** twenty-firs
years* experience of ed
iting markets In Atlanta
and the South has mad*
him a recognised au
thority In h!s'specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
BAMIQ OF STOCK.
ry. .
Amal. Coppe .
Am. Ice Securities.
Am. Sugar Refiner;
American Smelting.
Am. Locomtlye. . . .
do. preferred. . . .
Am. Cor Foundry. . .
American Cotton Oil.,
Anaconda
Atchison
do. preferred. . . .
Atlantic C. Lino. . . •
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
Interhoro. . . . \ ,
do. preferred. . . .
Kansas & Texas. ...
• 18
a%
152V4
u
io"
n-’.
133
1054
jHi
now
133
10*4
103”
lM’i
22
NAME OB’ STOCK.
Kansas X Texns nM. . . . ,
Louisville & Nnshvlllo. . . ,
Missouri Pacific. . . . . . ,
Mexican Central. . • . . . .
New York Central. . . . • .
Northw -’stern
National Lead
Norfolk & Western
Northern Pacific
Ontario & Western. . . . . .
Pennsylvania. ........
Pacific Mall.
People’s Gas Co. ......
Pressed Steel Cor
Reading.
Rock l-l.-n-l
do. preferred
Republic Iron A Steel. • . ,
do. preferred. .
do. preferred. .
St. Paul
Tenn. Coal A Iron.
Texas Pacific. . . .
Union Pacific. . . .
U. 8. Rubber. . . . ,
do. preferred. .
U. b\ Steel.
do. preferred. • ,
Western Union. . . ,
Wabasb ,
do. preferred.
*11
... 104%
CG%
I'-'j "
103%
141%
41%. .....
69% 70
116V* 117%
*' 31%
sg
KS'i
6S%
81%
NEW YORK.
i
& | *
n
1
a
s
a | a
Ja
c
sc
Aug..
8®-'::
Nov;. .
Dec.. .
Jan.. .
Feb.. .
March.
May.
Closed dull.
iY.30U.23 1L24 1L23-24
ll.SSjll.S2 11.81 U.81A2
1L9I-95
110612.04-05
1107-09
12.1412.13-14
13.26|12.22-23
ILH
lf.tt-88
11.85-86
11.97
pta
1197-Od
U.14-18
UtMl
LIVERPOOL.
—\—
Following Is tho opening range. 2 p. m.
tod close, compared with yesterday:
Futures ranged steady.
Opening Previous
Range. 2 p. m. Close. Close.
6.89 -6.89% 6.89% 6/
6.76%-6.77 “ “
6/61 -6.61%
6.55%
August ....
Aug.-Sept.
Oet-Nov. .
Nov.-Dec. .
Dec.-Jan. .
Jan.-Feb. .
Feb.-Marcb
March-AprlL 154 -6.1
Aprll-Mny .. 6.55 -6.1
Closed quiet but steady.
. 6.62 -6.53
NOTES ON ’GRAIN.
Pointers on Provision*
Special to Tbe Georgian.
(From Hayward, Vick A Clark.)
Chicago, Aug. 19.—Bartlett, Frnzle
arrlngton: We believe wheat a pure
around present prices.
Supply of coru Is light ond we can r
reason for any decline In prices, nnd If the
farmers do not sell more freely soon wo
will see an advance.
Receipts of oats are over tho estimate,
but os tho quality Is so poor It does not cut
much figure in prices of the future options.
Heavy frosts officially reported nt Havre,
Mont., at 7 o. m. Bismarck has temper
ature of 44 and Devil’s Lnke 46 at T a.
to. No report from Canadian Northwest
received or Issued by weather bureau. In
dications are strong that there was frost
last night over entire Canadian North
west, possibly very heavy In central aud
‘cetera parts.
Chicago Record-Herald: ^Export demand
I ‘bid*
a further tight-
"dopers generally
Ina
NEW ORLEANS.
The following is tbe range In cotton fu
ture* In New Orleans today:
l
i
X
a
J
II
Aug.. . . .
Bept.. • . .
Oct
Nov.. • • .
Dec
Jan
Feb.. . . .
March. . .
*1162
12.27
12*22
ip.:-*
iiU
12.32
11
1158
12.:.
V3* ii
p
i:!r.s
12. r.
12,20
2.56-62
12.50-60
12 .:.. . ;
12.H-2J
12.19-20
12.31-33
12.38-39
2.ft T
12.62-05
12.28 29
12.21 26
n
12.34-36
12.42-43
Closed steady.
EARLY NEWS FAVORED
BETTER TOT PRICES
Buying Was Good and Mar
ket Opened Near a Cent-
Higher.
?T. LOUI3 OA3H QUOTATIONS.
Wheat—No. 2 red winter 83%tfM4
Corn-No. 2 6I%'(|53%
Oats—No. 2 44 ©45
Chicago, Aug. 19.—Tho wheat market
opened strong and about %c higher with
good commission house buying and shorts
covering. Offerings wero light nnd scat-
tored. Logan A Bryan* Bnrtlett-Frazlor
Were complaining or their “^ability to get - an ^ p r i n gl* wore on tho buying side, while
ZSS&J* ESXt lets fJQSrot wore J,m «ankln was selling a little. Finn
property. .Actual stUea for’ JH2I cables, smaller world’s shipments and pre-
tberefore limited to 108,000 bushels. Vj£ r . 0 dictions of frost In the northwest were the
Is also sound, and dress goods. It Is re
ported, ore under order for a heavier yard
age than last year. In viewing tbe condi
tion of the market on bleached goods nnd
fancy cotton*, agents declare that their
books show orders which extent Info mid
summer of 1906. They feel no uneasiness
as to this business standing, for It Is a fact
thnt more bids have been received for mer
chandise than could be accepted, nnd every
cose of goods coming forward could be dis
posed of for spots at even better prices
than were secured when the order* were
accepted. The better conditions which ob
tain In tbe retail trade throughout the conn
try ore regarded ns a safe sign, and. pra
vlded the retail trade continues on a nor
mnl basis through the fnll add winter, no
Interruption In tbk passing of goods from
manufacturers to consumers will be wit.
iqd. On gray goods the large convert-
and entters up continue to call for spot*
and'are still willing to place forward or
der*. Aa this would be the most sensitive
market andcr a changing condition tn tho
flnnctnl status of the country, the contin
ued bidding for goods Is regnrded as evi
dence that the converters nro not looking
for any permanent business depression.
Print Clothe Steady.
Under conditions In the trade which make
It unnecessary for nrlnters to bid for bust-
' r are still Inclined to take on gray
_____ ..heaerw they can get them for fu
ture delivery. On 2S-lnch standards the 6%e
•till asked for spots would be paid for any
goods that come to light nnd on delivery
between October and January 1, 5%c and
down to 5c Is paid. There are few agents
who have 2Mncb 64x60s for any delivery
this side of January and on all snch goods
ans getting 5c. Friday the trading
la „
Mmn
_ i and on
ompletely
Swift A Comnany’i
Atlanta for the w
August 17 average 7.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BOND8, COFFEE* GRAIN AND PROVISIONS,
Carondelet and Gravier St#., New Orleana.
MEMBERS:
Few Orleans Cotton Exchange, New Orleans Fatnre Broker** Assoclstton,
•jew York Cotton Exchange. New Orleans and Chicago Boards of Trade,
P«iT£S*ga Cotton Exchange, New York Coffee Exelisnge.
lioaito* Cotton Exchange. Members Liverpool Cotton Assn
New York and Chicago Correspondent*:
J. 8. BACHE A CO. AND BARTLETT, FRAZIER A CARRINGTON,
BIUVATE WIRE8 TO ALL POINT8.
was some Inquiry for red winter wheat,
and shippers expected to bo doing business
In that grade here this week In tbo ovent
thnt there was no loosening up by the
owners of hard winter or no material
chnnre In the general market situation. Lo
cal shippers who are trading In tbe south
west lira doing a steady export trade In
hard winter by way of the gulf. Dnluth
claimed that there was a good asmacd
there for Manitoba wheat for export pad
that fair sales had beeu closed lntiy'Frldny.
No details wero given on yesterday s. busi
ness. • „
Manager Ilonry L, Little, of tho Pills-
bury Milling Company of Minneapolis, re
ports that the northwestern mills are do
ng a very good flout business, running prot-
H fully, and will run heavier this week
jan they did Inst. The principal business
Is on domestic account, ns prices “
slightly out of line for export.
,T lt Is not a mlsstnteiucnt to say thnt th*
decline In wheat during the past week wns
precipitated by the strike nmong the teleg
raphers and bw the financial disturbances
lu Wall streot,” sold 0. W. Wagner, "but
It Is certain that nothing hns happened In
wheat thnt would not have happened hnd
neither of these things occurred. The drop
In price might hnve been more gradual,
hut even that Is douhtfnL Tho decline Is
tho most logical sequence thnt could have
befallen the market, nnd If the conditions
are not materially changed the price will
continue to go down long after the strik
ers have resumed their places nnd tho
llpnnclal atmosphere of Wall street bai
eleared up.” .
The Kansas City correspondent of Clem
ent. Curtis & Co. says: “Colrani makes
Kausns wheat crop 20.u00.000 bushels. Acre
age Is 500,000 acres more than his prelimi
nary estimate, lie says this fall’s sow ing
will probably be less than last year. Corn
condition la 74 on 6,750.000 ncreH. With the
government condition of corn In Kansas on
August Fat 84, Indicating 200,000,000 bush
els, the Kansas state report at 74 Indicates
117,000,000 bushels. Last year the state
raised 206,009,000 bushels. The condition now
Is 20 per cent under Inst year, while the
acreage Is 10 per cent higher.”
Lognn & Bryan’* Kansas City corres
pondent wired thnt the cash wheat* sltua-
lion there was deplorable, no demand,
about 7.000.000 bushels In elevators and
over 2.000 loaded cars accumulated in the
local railroad yards.
A Tabor, 1 own. farmer. In a report for
warded to ware-I^»lahd. says: "An Insure-
tlon of the growing corn which Is partly In
tassel and partly In shock shows a sur
prisingly low state lu tassellng and poloo-
Iztng. Where they say It will make SO;
hnspels ner acre I know It cannot make
10 bushels of marketable 'corn nnd Is caus
ed by root disease. Thero Is a great sur
prise coming to the corn trade at no great
ly dUtaot period.”
#M Whllo there Is a feeling of nervousness
In nil markets, yet wb6it Is still on a goo-
export basis nnd Is cheap enough.', said
* H. Ware, “Look for more activity In
said
. ... for more activity In
tfie corn market aoon. Since Jaly 1 Sep
tember wheat In Liverpool has declined
only 4%c, while our September wheat Is
off 15c. Enough said.”
WEATHER REPORT.
WEATHER CONDSTION8.
Today’s chart shows two extensive arens
of high pressure, one centered over New
England with its crost reaching southwest
into Texns and the other centered orer
Montana. The advance of the northwestern
tugn area 1s causing lower temparatara
over tbe Dakotas, Montana, Washington
and Nevada. . . . tt ,
There hns been a less pronounced fall In
temperature over tho Great Lakes nnd New
England. Over tbe southern half of the
country thero has beeu but little chango In
the Inst 36 hours.
Showers have occurred In the south At
lantic nnd cast gulf states and tn the north
ern lake region. . , •
The conditions favor cloudy weather In
this section, with showers late tonight or
Tuesday.
COTTON REGION BULLETIN.
For the 24 hours ending at 8 a. m., 75tb
UI&TB
Atlanta, cloudy. . •
Chattanooga, clear..
Columbus, clears , .
••Gainesville. , . , ,
Greenville, cloudy. .
••Griffin. .....
Macon, cloudy. . . .
••Montlccllo
**N«WBftO.
OietM_, w
chief factors causing the higher markets.
Tho grain markets were more active to
day with wheat up l%t*l%c, corn %$!c
higher and oats %®%c better, but provisions
wero 2%ft7%e lower.
Rough weather northwest nnd strong In
dications thnt tho Canadian Northwest hns
seen something approaching a crop disas
ter In the last forty-eight hours proved the
ldg bullish Influenco here; Prices were
blghar, but business wns restricted to tho »poeeS V
local crowd because of Inadequate wire
service. The private wire* hnd considers- — 1 ,ul
ble trade, which Included business from
Wall street, ns wl*11 ns from abroad. World’s
shipments were small, (‘aides higher.
Coarse grains wore Inclined to syni.
thlzo with wheat, the frost in tho North-
wost proving a strong bullish help. The
unexpectedly largo run of bogs was against
provision values.
CHICAGO GRAIN MARKET.
Following nro the Chicago grain and pro
visions quotations for today, compared with
yesterday’s close:
Previous
Open. High. Low, Close. Close.
WI1RAT-
fltpt . . PMP
Dec.... 90
May.... 96%
.CORN—
Sept..,. 56
Dec.... 52
May.... 53%
OATS-
Scpt.... 48
Dec.... 44
May*... 45%
POUK-
Sept.. 15.65
LARD—
Sept... 8.85
Oct... 8.92%
RIBS—
Sept... 8.50
8* 88 SS
KH w; 87 m
E s* S 1
46% 45% 46% 45%
15.75 15.60 15.70 15.75
S:S
t:&*
pouib. M.K3LS0 ««.: p;«natl. k:
4.ply cotton. 18c: soap, $1.6064 esse.
PROVISIONS.
PROVISIONS—Supreme hams 15%c, hellles
fOQ25 pounds average. !».»; fat backs. 8jfc
FLOUR AND GRAIN.
FLOUR—Highest patent. $3.75; best pat
ent $5.25; standard patent $4.75; half pat
ent! 14 66: spring wheat patent. $*<>?.
CORN—No 2 white. *?c; choice white, $0c;
No. 2 yellow, 77c; mixed, 76c; cracked corn
P CHICKEN FEED— Fifty-pound sacks $1.00,
Ponla chick feed $2.00; Victor feed. $1.50.
OATS—No. 2 white. 67c; No. 3 mixed. Cc;
tolden 53c; white clipped, Jte; fancy
White clipped 6Sc.
MEAL— Plain, per % pound sacks. 78c; 4J-
MHind *n•')(*. 7*c; plain 2l-poun<l sacks, 80c;
rerm. $1.25
HAY—Timothy, choice lara.* bales. $1.35;
lo choice small belos, $1.30; No. 1, one-
bird bales, $130; No. 2. uric-third ha!.-*,
|l 26: choice prairie, $1.00; Bermuda. $1.0).
.SHORTS-Choice white. $1.60; fancy, $1.60;
rown (W to K*0 pounds), $1.60; brand. $L3S.
COTTON SEED MEAL—Prime i».-r tu&
60; No. 2 per ton, $24.90; hulls per too,
$13 50.
LIVERPOOL GRAIN
.. limit opened H hlflier nml nt 1 JO p
wnn H hlnher. Cloned Ht#% liljrbor.
Corn openiHl -4 hlchr-r mnl it 1J0 p. id.
VI, H blgher, Clow-I 14BVt higher.
CHICAGO CAR LOT8.
and eatlmateil recipta tor tomorrow ire it
follow.:
Tinlnr. T.nnor.
Wheat 317 m
Corn.. 137 199
Out .. 47* M*
Hogs, head GOOD 19000
THE LIVE STOCK MARKET.
Chlrngn, Ang. 19. - Ilngv-Reerlpti <3,007.
OInrket 6c lower: mlxml ami huleben >60
*00-1 hear, rough liearjr
ft- “
tic—Receipt* 24.W Market steady;
Wve« >t.30?i7.M: row. anil heifer. UMI
S.*0: atnrk-r. ami feeder. tJ ■ 'i/4.90: Texan,
ttStO.O; Wntern KMSin: eniv...
7.6); theep $3.50G5.^: lambs $5.254<7.40:
Sheep—Receipts^ 17,666. Market strong,
thI~sugar market.
New York. Ang. 19.—Idoeal reflnM nnd
raw sugar, markets stesdy and nnebangot
I^ndon h*>et» steady; August 9s 9*1; Sep
tember 9s 9%d,
Following Is given tho opening and doi
ng qootsnoos of the New York cotton seed
ill msrket.
Opening. 2:15 P. It.
. Il%«53 61%€153
. Il%«62% 51%e«%
. 49%4:60% 49%4ir« 1 «
. 41 642 41 </41%
August
September. . . .
Oetoiler. ....
November. , . .
December. • * • *
January. . . . ,
Claeea steady.
Temperature.
.$1
Max.*
Min.-
1*1
Ii?
u
70
.0)
87
69
.00
94
72
.10
ft”
ai
.ft
ft
ii
T*
..
8
if
65
.65
■»
* S
3
i.io «
period ending at 8 a. m. this date.
nEAVY RAINFALLS.
Blnckvllle, 8. C., 2.79; Savannah, Ga., L90,
Lumberton. N. C., 3.66; Kingston, S. C., 1.10.
TIPS FLASHED
From Wall Street
Special to The Georgian.
iFrom Hayward, Vick & Clark.)
New York, Ang. 19.—Bartlett, Frazier A
Carrington: We do not, except for Invest
ment. advise purchases of stock*, ns the
effect of the remarks to be made by the
president nnd Mr. Taft this week and the
uncertainly as to what they will be will un
doubtedly cause a feverish market with
on erratic price movement.
Muller, Scholl A Co. have made provi
sional engagement for $1,000,000 gold for ex
port.
Alfred Mestro A Co.: The decline In
prices which has taken place, we believe,
hns discounted many of the worst develop
ments which are likely to materialize later
the readjustment In security vulues through
tho forced liquidation will go n long way
toward averting extreme stringency In
money. The advance lu the Bank of Eng-
laud discount rate from 4 to 4% per cent
on Thnradny xvns n protective measure to
conserve the London gold supply nnd guard
against anr further over-extension In credit.
In view of the circumstances we are of the
opinion thnt stok* are uow a better pur
chase on the declines than they are n sale
on the rallies. No one can expect thnt tho
para of the speculator will lie entirely
smooth, at reactions of considerable extent
are likely to occur. But to those who are
prepared to carry stocks over such breaks
we Iwlteve an opportunity Is presented to
enter upon profitable transaction* on the
long side of the market. We would, how.
ever, advise- the cashing In of moderate
profits whenever they are.shown, ns wn
Inc for very large one* might result In ..
set-back which would wipe them out alto-
III
WERE MUCH BETTER
Advances Were General
Throughout the Active
• List.
, v/ ■,-r
LONDON WAS HIGHER
KCthtr.
LOCAL STOCKS AND BONDS
(IteTlaed by Hlllyer. Inrritnieut Company.)
UM. Atkod.
Atlanta ft Wnt Point R. R. lCOVh
Atlanta, Birmingham and A.. 19
do, preferred
Augusta Fnctory ...
Central Bank nnd Trust Coro. 130
Exposition Cotton Mills »... S20
Fourth National Bank, no
On. It. R. and Banking Co..,. 240
Ity. and Electric go
do, preferred
board Air Lino io
do, preferred 19%
itbwesteru 107
Atlanta 4 p. c. bonds, 1933..,. 99%
Aiieustn 4«, 1935 J.
Georgia flu 1315 106U
do. 3V4, 1939, reg... i<n'*
Dixie Cotton Mills 1st lnfg. C-. 99
Oa. R. 1L and Bit,. Co., ta.. 102
UK
132)4
V
iis*
102
104)4
THE COFFEE MARKET.
rapge aud elose lu tho Mew York‘coffee
Opening
.S.&S.T-
..5.80-5.90 , 5.80 5.85
January ., .. .
February .. ..
March .. .. ,.
April
May ,
June
July
August .. „ N „
Heptember .. ..
October .. ..
November ....
December .. ..
Closed steady.
..5.95-6.00
..5.96-6.05
..6.00-6.10
..6.656.80
..6.75-6.80
,.5i<«.80
6.854.90
MOjji
MNl
5.90-6.00
5.96-6.00
4.70A.77.
6.70.5.73
C.2X.80
THE METAL MARKET.
Now York. Aug. 19.—Little Interest wqs
sheirn nt the inetal exchange. Prices
somewhat Irregular. Smelter oft 5 points.
Kirby Goes to Texat.
Ed. E. Kirby, formerly a well-known
railroad man, but for-tho past s’overal
yeara engaged In tho life Insurance
business In Atlanta, left tho city yos-
Mr. Kirby has lived
Reported Engagement of a
Million Gold Eased the
Prices Off Slightly.
Now York, Aug. 19.—The wc
both abroad nnd nt home witI:
uiurc cheerful feeling lu fiuanc
This was not due to any change
features which would havo 1c*n*>i
1* -i --r P-f-iit .li’iin-sslng lnfim
f tll.tr Infill.-Mr
movements of tin* markets. All
lug Investment Issues were lilghe
don, aud there wus more gain* tl
on tho American list. Here the
at the opening and for the first
fleeted a very considerable degn
easiness among tho short Interest
nil the speculative favorite
Stocks came out more freely, however, at j
the higher levels, and by midday price*
had fallen off again over a good pnrt of I
the early rise. The unsettling factor wns f
tho two speeches by tbe administration
heads, which are to be *l« i i \ .1 .-.i minnr- !
row, regarding which no particularly favor-1
able anticipations'nro entertained.
New York, Aug. 19.—The stock market
opened St almost general advances extend
ing to 2 per cent In Great Northern pre
ferred, 1% In Smelting and Bending. Achl-
son %, Ht,- Until % nnd Steel common %.
Pennsylvania nnd Pressed Steel Car open
ed % lower. Steel preferred opened %
higher.
At tho end of five minutes' trading the
market continued upward. Union Pacific
pined In nil a point, us did Copper, New
York Central advanced 1%, Reading 2% and
Smelting 1%.
At the end of ten minutes' trading Union
Pncifir wus up 2 points i .-t. Great North
ern preferred was np 8%. Northern ridflc
1% nnd Smelting In all 3 per cent.
MONEY AND EXCHANGE.
New York, Ang. 19.—Money on call, 2^3
per ceut; time lonus steady; CO days to 6!
mi’iiihs. •; i..-I- f-.-ut.
Posted rates: Sterling exchange, $4.83®.
4.88, with nctual business In banker*' bills i
at $4.87001741.S770 for demand nml $4.8310®
4.8320 for 60-dny bills.
Primo mercantile paper unchanged.
Loudon bar sliver % lower ut ai l M.
New York bar sliver 68%.
Mexican dollars 53.
GEORGIA RAILWAY AND
^ ELECTRIC COMPANY#
Boston. Aug. 19.—Following wn* the bid
nnd asked pilot- on Georgia Hallway sod
Electric Company today: Asked 83. Pre
ferred, 83 asked.
MINING 8TOCK8.
Boston, Aug. 19.—Opening: Utah 36;
Shannon 13; Trinity 16%; Fruit 108; Mo-
hawk 67; Copper Bunge 83; Greene Cnnnnca
12%; New Haven ICO; Franklin 10; Smelt
ing 39. Market strong.
Atlanta. .
Augujta. .
Charleston.
Galveston. . .
“Little’Rock..
“Memphis. . .
Mobile. . .
Montgomery, .
“New Orlsans
••Oklahoma.
Savannah. .
••Vicksburg.
Wilmington.
DISTRICT AVERAGES.
ft
v «
fj!
S.I
T. Indicates napprvclable rainfall.
yoaterday.
'•Missing.
Remarks.
Lower temperatures prevail lo tho east*,
em part, nnd remains stationary In tho
central and western parts of the belt.
Heavy rains have fallen In the eastern dis
tricts.
J. B. MARDURY, Section Director.
WEATHER FORECAST.
Washington, Ang. 19.—Weather conditions
and general forecast:
An area of high
morning over Now
high pressure Is advancing eastward v over
Montana.
Showers are probable tonight In tbe up-
per Ohio valley and on Tuesday afternoon
or night In the middle Atlantic str*
temperature will not change grestl
Forecast till 8 p. m. Tuesday:
Virginia—Fair tonight, warmer In extreme
southwest portion; Tuesday fair and warm
er; fresh northeasterly winds, becoming
southeasterly.
North Carolina, South Carolina and Geoc.
gin—Partly clondy, with showers late to
night or Tuesday; fresh northeasterly
winds.
Western Florida, Alabama and Mississippi
—Fair tonight and Tuesday; light variable
Inds.
Tennessee and Krtitucky—Folr tonight
and Tuesday.
SEABOARD LOSES
$150,000 IN FIRE
Special to Tbe Georgian.
Jacksonville, Fla., Ang. 19.—Phosphate el*-
a tors with several freight cars burned at
Fernandlua last night. The loss Is 8150,000.
The. property was owned by tbe Seaboard
Air Line railroad. Tbe cause of tho fire Is
unknown.
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners,
Audits. Special Examinations, Coating and Systematizing,
empire; building. Atlanta, ga.
B’n.l B’rlth Moonlight Plcnlo.
Tho member, of the Gate City Lodge,
itll 8. Aftor the departuro of
dren, there will be music and
dancing at the new pavilion.
Park Bench Fell on Girl.
Special to Tbo Georgian.
Dolton. Ga., Aug. 10.—Whllo a orowd
of children wero plnylng In tho City
park, a heavy Iron bench fell on the
head of little Dorothy Ilarrctt, tho 6-
year-old daughter of Mr. nml Mrs. Dcn-
nio Barrett, painfully cutting nnd broil
ing her face.
BANK STOCKS.
Central Bank & Trust
Union Savings, Lowry
National. Prices on ap
plication.
HILLYER INVESTMENT 00.,
Bond D«p f L English.American Bldg,
THE LONDON STOCK MARKET.
STOCKS—
Anaconda ..
Atchison
do, preferred .. ., ..
Amalgamated Copper .. ..
Baltimore and Ohio
Cn nml Inn Pacific
Chesapeake nnd Ohio .. ..
Erie
do. preferred
Illinois Central
I.-’i.K) III" nini N.is 11\ 111,* ..
nit-1 'I "Mis .. ..
do.preferred
New lork Cojitrn!
Pennt\luinlri
i Mil nr!" Mini \Vi>.’t<ni .. ..
Norfolk nnd Weatern .. ..
Philadelphia and Beading ,
Bock Island
Southern Pnclfic .. .. ..
Southern Railway .... ..
Hr. Paul
Union Pacific ..
United States Steel .. ..
*1". preferred
Northern Pacific
Denver
•a* 80 *
61% 87%
1«3%
19% 19% 20%
52%
.... 132% 133%
.... lot%;i04', a
\]V.’. 102% iri3**
.. 116% 116%
:: £?jj|'89%'
% M%| 82%
...% ir.v
190% 1120% 120% !
123V4123% e:.% I
“ I 30 I 3A%!
92% 93% j
4%
UNION
4% !
SAVINGS BANK
Qould Building
CAPITAL STOCK . . . St00.000.00
4%
RESOURCES
$280,0 00.00
4°io
New York. Boston. Chicago. Washington. Philadelphia
Baltimore. Atlanta. New Orleans. 8an Francisco. London.
Ths Americah Audit Company,
100 Broadway, New York City.
F. W. LAFRENTZ, C. F A, Prw. Q. E. MANWARING, Vie. Prat.
THEO COCHEU, JR., Secretary.
Tho American Audit Company, ebarterod undor tbo laws of Now Torlt,
Id empowi'n-d lu i xiiminu tho affairs of, and mnko reports upon the finao*
clal condition of private and public concerns for directors, officers and In
dividuals. Tbe preparation and Installing of systems a specialty.
ATLANTA BRANCH. 1015-1016-1017-1018 PlURTH NAT’L BANK BLDQ.
C. B. BID WELL, Resident Manager.
Telephone, Main 872. Cabla Address, Amdlt, New York.
L. H. Fairchild. Establlth.d 1885. S. J. White
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Members:
Cotton Exchsng*. Now York Coffo* Exthsng*.
“ ” "hange, N>w Orleans Board of Trad*,
xchang*. Chicago Board of Trad**.
LIVERPOOL COTTON ASSOCIATION.
Private Wires to NEW YORK aud CHICAGO. Orders solicited for future deflv*
«7 oa above Exchange*. B. C. COTHRAN.
Few OrIean_
New York Cotton
New Orleans Stock
FRANK HAWKINS. Pr*«h!*at
If. M. ATKINSON. Vice-President.
JOSEPH A. M'COUD, VIce-PrasldeaL
TlluMAK C. ERWIN. Cashier.
U. W. BY BBS. Asslsuot CMhltt.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
Dft. A. W. OAr.nOUN.
MILTON DA 110AN.
John w. grant.
II. Y. Il’COBD,
U. #1. At Alt'.'UtV,
JOSEPH A. MCORD.
J. II. NUNNALLY.
J CARROLL PAYNa
E. B HOHHKIL
DAVID WOODWARD.
iflf* , ^lhiii"Tii?r ,- 'iiMiTri*raMr~~nei immiii iiMiiMMMi n m ■mi - -