Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN AND NEWS. rfHCBSDAT. AUGUi t 22, 1007. 3 BETTER CABLES WITHOUT EFFECT Instead of Opening Higher Start Was Heavy and Lower. NEWS AND GOSSIP of the Fleecy Staple. room longs sellers After Slight Upturn Market Quiet and Dull—fluc tuations Narrow. New York, Aug. 22.—Instead of opening higher In reipon»e to the firm cable*, cot ton displayed eonatdernble heaviness at the start today. There wni a lot of selling by room long* and pressure from bear Inter ests. Trading was mostly of a professional character, pending more settled financial conditions. .. __Jler tone prevailing. prices at 2 p. ra. showing declines of from 6 to 7 points under Wednesday's closing figures. There was more talk of a bearish nature r* to the future course of prices than for some time, the bear leader Issuing a bearish circular, in which he says his Interest is small, that he “positively has not turned to the bull side, as general trade Is going hack." and qtiotes an* Interview of Mr. Sehlff about railroad managers curtaiUnf * every direction, and also quotes a col goods Journal saying demand easing ofT. He says: “Money stringency will prevent any serious holding back by planters until late In the season; the damage from drought In Texas has been exaggerated, and the crop elsewhere Is very promising." As to the demand for goods, the New York Commercial of Inst Tuesday says: "It was evident In the market yesterday that the number of buyers In town has been greatly augmented, for In the jobbing houses and lu all of the commission houses the number of visitors was reported as the largest of ally day during the present month, and by n majority of the selling ngiuits In this city and those In the Eastern print cloth markets It is stated that the position of narrow goods as the week opens Is stronger than at any time before this month.” owolng to the telegraphers' strike, dally port receipts. In full, are difficult to obtain. Following shows the movement for three days past, received by mall: “issr 1907. Saturday Monday Tuesday Total for three days. T904 7.693 10,128 SOS Total since kept. 1 | 9.848,700 | 7.8fo,400" Receipts at IIo Trading In the late afternoon was prnctl- 8P0T COTTON MARKF.T. Liverpool, steady; middling 7.31. Atlanta, nominal; middling 13c. New York, steady; middling 13.35. New Orleans, quiet; middling 134. Augusta, quiet; middling 134. Savannah, steady; middling 12%. Memphis, steady; middling 184. Galveston, firm; middling 13%. Charleston, uomtnnl: middling 13%. Wilmington, nominal; middling ink Norfolk, steady; middling 13%. St. Louis, quiet; middling 13%. llaltimore. nominal; middling 13%. Boston, steady: middling 13.23. Philadelphia, steady; middling 13.70. Mobile,’'steady; middling 13c. Houston, .steady; middling 13%. Cincinnati, nominal. Special to The Georgian. (From Hayward, Vick & Clark.) New York. Aug. 22.—Bartlett, Frasier „ Carrington: Liverpool was due 4 to 6 notuts up on the near and 4% to 5 on the dlstnut months. Opened quiet and steady, 6 to f Mute up. At 12:15 p. m., steady 6 to points up. Spot quiet and steady 8 points higher; middling, 7.31; sales. 5.090 bales; American. 4.600; speculation and export, 600; receipts 5.400, all American. Cotton opened 3 to 7 down on lack of de rnand and selling by Rlnrdan, Geer, S'chtll, Ayer and other brokers. No news to ae- count for failure to respond toLlverpobl. Some think selling was for Price. The opening was very disappointing, and despite efforts of a few local traders to bull, there Is nd snap and It looks tired. There Is not much for sale, however, and fair amount of buying might cause au u.. turn, hut think the early buyers would no load at 6 or 10 points advance. Price bro kers havo sold 5,000 to 7,000 September to day. Wen man sold about 4,000 September for Price, it Is thought. There are a lot of public wire telegrams coming reporting ralus at Oklahoma aud north Texas. Following are 11 a. m. bids: Augnst 11.24, September 11.29, October 11.88, January 12.12, March 12.21. Marlin, Tex.—Cotton Is opening ra and there Is n demand for pickers. Yoakum, Tex.—Dry. hot weather coutlnues to have a bad effect on young cotton. At present It looks ns though no fait crop of consequence will be made. Hchulcnburg, Tex.—This section had rains Wednesday and Thursday. If ralus con tinue young cotton will suffer. Even os It Is now there will be hardly more than three-quarters of a crop made. Prices paid for receipts are good and buyers numerous. Hearne, Tex.—Farmers are making yi rep- be near as good a* r . cut It down considerably. Willis. Tex.—Cotton coming in nt a lively rate. From best Information not half as much cotton will be raised ns last year. Now Orleans, Aug. 22.—Hayward, Vick A Clark: Large short Interests here In Octo ber on straddles with New York. Fourteen cents and more paid In Texas for new cot ton, and in good demand. Believe this short Interest in October must cover and will sup In tire belt, except fair in South Carolina and Georgia. Good scattered showers in central and eastern states. IJght rains In Texas. Texas reports some rain over night. This may cause the market to go back about 10 points, when wo would buy it again. We would keep on long side of the market. buVers are scrambling FOR EARLY TEXAS RECEIPT8, New Orleans, Aug. 22.—The TItnea-Demo- ..•at says: "Yesterday's cotton market typi fied the strength of spot situation generally rather than any newly developed BjH-culatlve ambition, wisdom clause l„.__, . . _ sold to spinners at a discount by the ring' side underwriters. Texas being the pivotal put cotton affairs, the new crop demand relations there mean much to the student of the staple. Direct advices appear to show conclusively that ■ tnon any newiy aeveiopeu specumure Ion, thereby suggesting the figurative m of the Insertion of an enrthqnako • In the protective contract now being buyers are bidding each against the < In a scramble to gother In the cotton. Locally the i ther In the early moving __.p actual cotton situation Is affected hv the absence of the more de sirable grades. Recently members of the quotation committee admitted that the New Orleans quotation for middling Is nominal because there Is practically none of this grade in the stock and the quotation for middling was left unchanged yesterday r* :3%c. notwithstanding 134c was openly b for it over tho ring."—Hayward, Vick Clark. ATLANTA MARKETS. INTERIOR RECEIPTS. The following table shows receipts in the Interior today, compared with the came day last year: HAYWARD. VICK & CLARK’S DAILY COTTON LETTER New Orleans, Aug. 22.—As yesterday's advance In the markethad engaged most of the speculative element wllllug for action, trading today was naturally quieter anil the market did the logical thing and eased “ a little. We are yet too far off the sc- spot season for steady dally Improve- tnent, and a specific new provocation by th«* weather Is lacking. We have to be satisfied for the preseut with spasmodic ex hibitions of strength as we had on yester- I'rlvnto report* of good rsln In tho and Houston dl*‘“*“ - *~ *“ knnsns, showers In the «w»me realising. The weather mqp presents more favorable condition*. Generally fair weather prevails In tho Atlantic*. Partly cloudy weather predominate* In the reat of the belt. Temperature* are lower and good the west, but, excepting In some localities, ►hower* were light. Indications favor part ly cloudy to fair weather, with local show- Our reports from Texos say there Is «n active demand for new receipts at very full prices. Home report 14c nnd over. Arkansas says crop is so late that no free die between here nml New York nnd Llv- oo|. Now, unless spot cotton prices ••pen to future prices, there will bo no ,, k out of It but to cover these shorts. *hU technical position Is likely to prove u time ono more support to the market. inlet around 12.34 for Trading continued quit Octol»e% PROSPECT OF CONCESSIONS DY MILLS IS REMOTE. The New York Commercial: Read Inst ants in the cotton yarn markets have been u«ed as an argument by cloth buyers for lower prices to be quoted them. It has not wen reported in this market that mills nave made any concessions on either sta ple or fancy cottons, and the prospect of niclr doing so is remote. The confidence which manufacturers have In values Is nn- ■uaken. and they, not buyers, are placing ” "Hilt on forward ordering. That tho iiumo of trade Id first bands now passing should be small as compared with recent *eek* Is due to the sold-np condition of the market. Hellers have little to offer for delivery this aide'of January In cottons. In silk trade It was stated Tuesday that values In Yokohama silk were sdvanc- ng, and that demand had Improved. Amer- iC* n 'Hill" ore not active raw silk buyers on the present market. In showing fancy shirt ing lines for the fall of 1968 at prices FRUIT AND PRODUCE. EGOR-Actlve. 22c. LIVE POULTRY—Bens, active, aWOTHc; chicken* (fresh), 15$f30c. Ducks (1'ekin), Me each; puddle, 25c each. Turkeys, active, IJ I»n^SSlfD“ n Fbul.TnT-Tnrkej«. drawn. Retire, IS eenta pound; trio,. Retire, tOc pound; beni.ltc per pound; dnckR, drawn, fancy, 15c pound. PRODUCE—Lnrd, lie pound; bun, ae tire 16c pound: shoulder* Retire 106)11, pdund: aide* Retire, lie pound; duller dull; lOtfBHc pound; hoeawax Retire, Be pound; honey, hrluht, Retire, 10c pound; bone, la 1-pound blocks Retire. 12Hc pound. FRUITS—Lemon,. Inner Meoaenfl. 16.25; tmnanoR. SHc lb.; nlneapplea, Florida atock. nnno: Ilmen, Florida ntoek, per hundred. We; pennnta In aaeka arernxlnit 100 pound, enrh. owing to grade, per pound, <HCSc; cantaloup.,, alow aale, 11.50 crate: watermel on*, 5tfl<v each; Georgia ponchoa, $1.80® 1.75 crate: rhubarb. 7Io ear*. VEGETABLES—I’otntoea, now. W.T5 bar rel; per hnahel, ,1.40. Onlona, Georgia. ,1.60 G r bushel: Spnnlah, ,1.60 crate; kraut, half rrel, 8.75; cabbage. 214c pound. GROCERIES. niPE-Tan MWHe: head AffTo; fancy hand 7«THe. according to the grade. CHEESE—Fancy full cream. 17 cental Georgia cane ayrup *7 cent, gallon: aalt, loa-poond. Me; axle greaaa ,1.75: enda crack, era. 6V4e pound; lemon, »c: oyater. 7c; bar rel candy, per pound. 84c: mixed, pet K.pnund, 6'tc; tomato.*, )-pound. *7.00 eater fl.pound. »!.»: nary bean*. #2.95; Lima beam «4o: beat mntehea per groaa, ,1.65; macaroni iu«7r pound: enrdlne*. mnatard. tt.26 rate. SUGAR—Standard granulated. 5VI; New bulk b V r hr"dded’b r |aIm:tB l raM; n No®i^lled note MS caae: rack grlta. M-pound bagn. »t.B: Edited by Joseph B. Lively MARKETS Ur. Lively's twcaty-flrs years' experience of ed iting markets to Atlanta and the Gouth has mads him a recognised au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS FA MR OP fcTOCIL Amnl. Copper Am. Ice Securities Am. Sugar Keflaery Aroerlcau Smelting. .... Am. Locoratlve. . ..... do. preferred Am. Car Foundry American Cotton Oil Anaconda Atchison do. preferred Atlantic C. Line Brooklyn Rapid T Baltimore X Ohio. ..... Chesapeake & Ohio .... Canadian Pacific Chicago A Alton Consolidated Gas Central Leather ’ do. preferred Colorado Fuel & Iron. . . . torn Produce * Colorado Southern Delaware A Hudson Denver A Rio Grande. . . . Distillers' Securities Erie. * : do. preferred menu Electric Great Western. ....... Northern pfd. . .#• • Illinois Central Interboro do. preferred. . . . Kansas A Texas. . . . S& 4 TIB 68 Vi i FAME OP STOCK. Kansas X Texas pfd. . Louisville A Nnshvlllo. Missouri Pacific. . . . Mexican Central. . . . New York Central. . . Northwestern National Lead! .... Norfolk A Western. . . Northern Pacific. . . . Ontario A Western. . . Pennsylvania Hock laland do. preferred. . . . Republic Iron A Steel. do. preferred. . . . Southern Pacific. . . . Southern Railway. . . do. preferred. . . . , 8t. Paul Tenn. Coal A Iron. . . Texas Pacific Union roclflc V. S. Rubber do. preferred. . . . , U. S. Steel do. preferred. . . . , Western Union. Wabash do. preferred. . • . , Wisconsin Central. . . , do. preferred. . . . . 91% 18% 11,' “P 2 Total stock sales todoy* 528,600 shares. NEW YORK. tares In New York today; Oct. . , Nov.. . )ec.. . • Ian.. . Yeb.. . March. Ms Ssir II 1 it 11.17- 19 T 1.24-25 11.85-86 11.89-90 11.98-99 12.08-09 12.11-13 12.17- 18 11.82-38 11.91 11.96-96 12.06 12.14-16 12.17-19 12.23-24 12.26-/7 U 32-33 LIVERPOOL. Opening Range. August 6.93%-C.S Aug.-Sept... 6.81 Hept.-Oct.... 6.65 Oct.-Nov.... 6.61 Nov.-Dec.... 6.69 Dec.-Jan Jan.-Feb.... 6.57 Feb.-March.. 6.67 Mnroh-Aprll. 6.69 Aprll-Mny... Closed quiet. NEW ORLEANS. Tbs following Is ths range in cotton fa tursa in Nsw Orleans today: i i £ p' 1 II J a Aug 2.64 12.64 12.85-36 12.24 12.26 12.28-29 12.82-34 12.39-40 2.66 12.87 12.37-38 Oct 12.20 12.39 12.30 12.36 Dec Jnu Feb March. . . 12.24 12.32 12.32 12.37 12.21 12.25 12.26 12.29 i m 12.5-41 12.47-48 NOTES ON GRAIN. Pointers an Provisions. rlngton: Somewhat Inclined to doubt whether serious damage was done by frost In* tho Northwest, and can not advlso buying wheat at these prices. In corn, shorts covered freely yester day, and Indications are that farmers will be freer sellers. If so, corn will sell lower. We may have a alight reaction in oati, but it will be only temporary. General liquidation by scattered long* who bought on frost scare. Buying la mostly on scale orders, and sellers hnd to force prices to find buyers. This was couso of sharp break in wheat. Chicago Evenln. - - F. Llndmnn from Thompson, ** from a letter dated August 17: tive hall storm laat Wednesday, ioiiuwiuh several prevlona storms of lest extent, cut the wheat crop of that state down frojn SELLING GENERAL BY THEJJT CROWD Longs Rushed To Secure Profits—Opened Wheat Sharply Lower. 8T. LOU 18 CASH QUOTATIONS. Wheat—No. 8 red winter .* .. ..87 'G$3% Corn—No. 2 55%fl56 Oats—No. 2 46 1,609.000 bushels to 2,000.000 bushels. Outs! of hall storm the crop Is doing very w and showing some Improvement, weather 1/4 H ££»id3Kf r » <u £» XT has been Ideal nnd grain seems to Im filling, jJoral'jjT There trot praettaUj no de- nlcolv. Bariev is now holme cut aud oats mnnd antiI the down prico was reached. Chicago, Aug. 22.—General idling „ wheat by the local crowd and a rufth on the part of longs to secure profits caused ft decline of l%Ql%c at the opening this U - J ‘- nicely. Barley la now being cut aud oats and wheat harvest will start about Annual and be general about the 26rb and r own grain Is looking good." _' , rom St. Louis to Thomas Bennett A Co. Exporters report continued sales of flour abroad and are paying-higher prices; local millers have practically sold output for Septemlier and arc asking nn advance. Strong local and outside milling demand for good milling wheat, which la aonree, nnd Is selling today lOIHe higher than yesterday." W. II. Long said: "The September corn la very tight here nml May is being picked up by commission houses.' 1 Early message to Pringle, Fitch A Ran- In Crantn York* *'Ar<-nntnt,rea were had enough to wilt so. it ha* surely hurt wheat." “ P. Anderson bftd a Minneapolis dls- >. i tv. oVtt.r., foil w.IrtL W rara: light w.ljht till) caw; p-po-r, 1,0 n>.: haktn* powder », raaa: red Minton. ,5 raaa; pink aainon, ,4.75 rara: roooa, fir; rh^olatr. H; «n»l7. 1-lh. lara. „e: roaat h—L «.» raae: cornM beef, n.M ra*-: rat*un. 51.W ra**: .Imp. Kaw Or- l-ana. »r aallnn: corn. We gallon: Cuba potaab. U.J5O1I0 raa»: pjannli. «c; rop* i plr rotton. Hr; aoap. ,1J0®4 can. PROVISIONS. pnoVIRIONB-Mipram. hatna 1*Ho. Mll-a 20025 pound, araraxo. ,.86: fat bark*. «.»: Suprom- lard, 10. Pnrlt) rotupound. ,71. rail for r.lft bam*. 10c; dry aalt extra riba O'.L FLOUR AND GRFIN. Fl.OGn-HIxhMt. potent. J5.76; beat pat- ent. ».»! atandaril patent ,4.75; half pat ent ,4.65: aprlnx wheat patent. W.00. CORN—No 2 white. 7»r; eholce white, 80r; No. 2 yellow^77e; mixed, 76c; cracked corn '’cTUCkI'.N FEEn-Flftr-pooniJ rarka P.00, Pnnla chirk feed. B.00: Victor feed. ,1.50. OATS-No. 2 white. «7cl.J»o. I mixed. <Sc; Golden nnta, 63r: white dipped. 6Sc; fancy white clipped etc. MEAI.-PI.ln. per 96-pound *arka. 7»r; 43- hlxher than for the preaent aeaaon, domea- tlc mannfaeturera of ehevlota, rhnmbrnra and mailmt are taklnx an early ataml. They dm] that buyer, are ready to operata and order* arc ruiulnx In aatlafactorily. Amnnx local Jobber* the apeetat rale, art prorlnx a atronx attraction. Buyara want the white aooda, linen* and Indian llnona that are olferrd, and dnd nothlnx to com plain of In the price, that prerall. Few Print Cltha Offered. Selllnx axenta hare come to the end of their auppllea of narrow print doth. They can make few, If any, additional aalea for delivery during Ihe comine three montbA Regular, are nomlnklly quoted at S\4c. On aale. for January and Febru ary delivery they are bringing fcS**e. Wide gray jrood. keep ateady on a Iwala of 7Uc for itH-Inrh atandarda. Printer, ar* add to be leaa ready to older Into 190) than they were laat week. patch -flying: "Valley city, N. Dok.. ports heavy frost, with ice formed here.' There were official reports of frost at the following North Dakota points: Edmore, Crary, Lnrlmore, Grafton and Ilooplc. F. I*. Frasier of Bnrtlett-Frasler person ally !>ougbt 600 bushels Ms/ onta at 47%c HAYWARD, VICK & CLARK, COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS. ' Carondelet and Gravier 8ta^ New Orleana, 9rii” n< Cotton Exchange, Ji** Tort Cotton Exchange* ,,6-"-ton Cotton Exchange, Uouaton Cotton Kxcbenge MEMBERS: Now Orleana Fntore Broker. 1 A**ocl»tlcn. New orleana and c hlcugo Board, of Trada, New York Coffee Exchange, Associate Members Liverpool Cotton Assn. <L 8. BACHE A CO., AND BARTLETT, FRAZIER A CARRINGTON, PRIVATE WIRES TO ALL POINTS. O. C. White, who haa traveled for yenra through the greater portion of the best corn and onta territory or Illinois, believes that tho com crop Is destined to be almoet ns severe a disappointment ns was oats. "The best com in the state," said he, "Is down •long the main line of the Illinois Central road in Champaign, McLean nnd Coles ties, but even here It is late and Is I means what it should t»e. A great bt the Illinois corn 1a spotted, much of it weedy, straggly and poor." The London Statist predicts that there will be a sharper struggle between world's wheet supply and demand than at any time since the loiter year-1897-1818. Thy same authority laat year figured the world'e import requirements at 62o,ooo,ooo bushels, and they ran about 23,000,000 bushels more, but the world's vlslbte supply August 1. 1907. was 124,000,000 bushels, as com pared with 98,000,000 bushels a year before. The Statist estimates that the United States will not probably export more than 120,000,- 000 bnahela, nnd tills quantity only by re ducing reserve stocks. COTTON 8EED OIL MARKET. Following is given the opening and cioalaa of the New York cotton teed oil market: Opening. Cloctni August. ....... 5ZHf?6?% September 5/ 'br»2 i/ i October. ........ 4914649% November. ...... 4i45$41 Deceml»er 39'4«i39! January 338 Closed steady. Total an LIVE STOCK MARKET. Chicago, Aug. 22.—Ilnga—Receipt. 15,000. Market *iow at yeeteMay'a average: light I5.304f0.55; mixed «3.904:4; heavy 15.^-85 60; rough 15.4565.50; plga 36*6.25; ynrker.36.15tf 6.25. Cattle-Receipt. 1.500. Market ataaily; beeves 34.254iT.3S; eowa 31.3061.45; Texat ateera 365067: calm 35.S0tf7.75; western cattle 34.2564 50; Blockers anti feeders 32.65y 6.30. Sheep—Reeelpta 12.000. Market ateady; na live 3AS6S.70: weytern 33.SC5.10: yearling, |5.|0ft6.3J; Iamb* L».25C» ( .50; western iambi pound sacks, 78c; plain 24-,pound sacks, 80c; *7iaV—Timothy, choice large bales. $1.33; do. choice small bales, !!.»; No. 1, one- third bale*. 11.38; No. 2, one-third bales, $1.26; choice prairie, 31.00; Bermuda, fl.oo. 8IiOItTK—Choice white, $1.30; fancy, $l.G0; brown (80 to M0 ponnd*), 8L60: brand, SI X. COTTON SEED MKAfy-Prime per ton, $26.|0; Na 2 per too, $2100; hulls per ton, FISH." FIS II—Bream Tc pound: snapper lie pound; tront fc pound; Idas fl«t» 7c pound; poinpnnn, 20c pound; mackerel. 1214c pound; mixed fish. 6c pound; fresh water trout, 8c. II. Wrenn wa* ft heavy _ The moderation In temperatures northwest was the chief factor earning the decline. Wheat closed HQ2%c lower for the day, com was off Mn%c, oats lost MHc, whllo provisions were up frnctlouully. English tnnrket*Tefu*C4l to follow the ad vance at Chicago on Wednesday, which wn* a great dl*appolntment to the longs, and many of them sold out In consequence. The market was In no condition to absorb the Increased offering* and lower price* re sulted. Now* from the spring wheat country wa* of all kinds. Winnipeg reported no damage by frost and said that the reapers were In tue field In some sections. Other report* claimed damage of 60 to 80 per cent in west ern Canada. The latter were given cred ence. Foreigners were sellers of futures and showed no great auxfety to get hold of cash wheat. Corn declined somewhat with wheat bo- canoe of speeulntlve selling preiumre based upon the possibility of larger receipts. Tho country was a free seller. Lending longs, wanting profits, led the selling of oat*. Shorts were the buyers. Provision* were dull end price change* WEATHER REPORT. WEATHER CONDITIONS. Tho pre*Miire is above normal ea*t of the Rockies thl* morning, 1>elnf highest over the Great Lakes. Higher- barometer pre vails over the northeast, due to the advance of the high area central over Mlnnesotn and Iowa yesterday morning; in the northwest the pressure has decreased, being lowest today at Havre, Mont. Clondliios* covers the northeast, the Ohio and Missouri valleys nnd tho 1'arlflc coast, and scattered showers have occurred over the eastern hnlf of the map nnd in the southwest. Rnlu wa* falling this morning at Nashville. Tenn., ami Amnrlljo, Tex. Tho tempers hire changes were generally small and unimportant: slight Increase* were noted In the northwest nnd fall* la the northeast. Conditions this morning point to partly cloudy weather In this sec tion tonight anti Friday; probably showers Friday. COTTON REQION BULLETIN. at 8 ft. m. t 75tb TIPS FLASHED From Wall Street Special to The Georgian. (From Hayward,. Vick A Clark.) New York, Aug. 22.—Bartlett, Frasier A Carrington: It la said by morning napera there will be no reorganisation of Interbor- ough-Metropolltiin, but instead there it a plan which involves the reduction or sus pension of the dividend on Interhorougb- Meti "* The will of the directors. It la 'said the plan coutemplatea no change lu dividends on Third avenue stock. ^ Bank of England rate unchanged. Town Topics: The III success of the bear party to force further liquidation In n most encouraging sign, commission houses re port they are carrying fewer stocks for customer* than In months past, while the liquidation that has been going on for the account of fairly Important Interests who have found It difficult t« reuew accommoda tions nt the banks has practically run Its course. Mich open accounts ns are now In tho market are well protected by ample margins nnd many by time lonna. The Morgan party la uot opposed to a policy of gradual Improvement, nnd Mr. Morgan's retnrn has given bulla renewed hope which will clinngo to enthusiasm In case of any aggressive buying by banking Interests. Ohio, nnd Louisville and Nashville. There Is every reason to believe that tho copper situation will be cleared up satisfactorily In a short time, thus removing an Important bear factor. Unless Texas get* good rains a further advance In cottou will be recorded, but for tho pre*eut wo would buy cotton, wheat nnd corn only on weak apots nnd for turns. New York Commercial: There Is no rea son to doubt that there has been some good accumulation of stock*, which look exceed ingly cheap at nreseift price*. Some people, however, nro of the opinion that they will go still lower nnd are saving their money -gainst that time. Tho banker* are advising against specula Ue operations. Many an unfortunate wishes this advice had been given them some time ago—and they bad lw»en com pelled to take It. They could have hnd more money now. It Is prophesied that when the reaction does come Amalgamated Copper will be ' ■ VERY MODERATE Stocks Were Irregular ArouncfyDuring the First Few Minutes. A MAJORITY HIGHER Union Pacific Showed tho Greatest Advance—Less Than One Per Cent. leader among Industrlr NO date, There Is tho activity of tho national nil ministration, for Instance. It niny not he said that sentiment con Corning the Immediate future of the stocks market In hopeful, and nt the same time many of the conservative men in Wall street are not disposed to criticise the pres ident. They say they like a man who stand* by bis guus. The president is that kind of a man. MONEY AND EXCHANGE. STATIONS Ttnptnlure. ill ATIAUTA ill DISTRICT. Mu. f Mil. 2 jli Atlanta, dear •Chattanooga, eiotidy. . . . •••Columbus. . ••♦Gainesville Greenville, dear •••Griffin •Macon, clear Montlcello, clear •••Newnsn Rome, clear ••Spartanburg, cloudy.. . . •••Tallapoosa Toccoo, dear •••West Point AS 88 w 69 T. 85 64 .66 90 91 7i 69 ~li .00 n 91 85 & 68 66 .66 .18 .66 New York, Aug. 22.—Money on call 2%(&3; time loans firm; sixty days 6 per rent ninety days CftGM; six uioutba twin |km cent. Posted rates: Sterling exchange $4.83f$ -88, with actual business In bankers' bills at $4.8765444.8770 for demand and $4.831004.8320 for sixty-day bills. Prime mercantile paper 6HA7. Loudon bar silver 313-16U. New York bar silver 67%c. Mexican dollars 62%c. GEORGIA RAILWAY AND ELECTRIC COMPANY. Boston, Aug. 22.—Following wna the bid and asked price on Georgia Hallway and Elertrli* (Vtmnntiy today: Bid «•* 8214. asked 83. New York, Ang. 22.—Recovery went on in tills morning'* market nt t more rapid pace than it had made at any time yes* terdny. Ho far as anything in the outside situation bad a bearing on the movement, the refusal of the Bank of England to raise its minimum discount no doubt had considerable influence. Thl* action hnd been expected it is true, of tho American market. But In view of the confident pre dictions which were made a week ago that ftn Increase in the rate would be ordered, ** announcement today brought a favora- responm* in the security dealings nbrosd. British consols recorded a further gain nnd the security list in London was generally higher. For the* first half hour of the local trading the market here was somewhat Irregular. .\ feeble effort wag made by speeulntlve Interests to Improve their position on the short able. But when these failed completely to bring out stock* ihe short account began to take alarm nml under n demand from thl* quar ter, which nt times was brisk, the market jus •so sharply all nrotiud. New York, Aug. 22.—The stock market opened Irregular, the change* being very moderate, with the exception of an advnncft of % per cent In Union Pacific. Amalga mated was % higher: Ht. Paul, Amalga mated. Brooklyn Rapid Transit and Great Northern gained %. Hugar opened V4 lower. Rending last %. Southern Pacific aecllued %. At the end of ten minutes, the general market showed a firmer teudeticy. Atchison 831-4 do preferred 91 Baltimore and Ohio Canadian Pacific Chicago and Northwestern.. Colorado Southern Denver nnd Rio Grande .. .. Erie Illinois Central Louisville and Nashville .. Manhattan L Mexican Central Misourl Pacific New York Central Pennsylvania Reading St. Paul Southern Pacific .. .. .. .. Southern Railway Union Pacific .. Wabash Interboro Metropolitan, pfd.. 891-4 ..1651-4 . 144 .. 221-4 .. 231-4 .. 20 3-4 . 133 ..1061-8 ..118 1-2 .. 18 1-4 .. 64 ..104 1-4 . 117 8-8 .. 917-8 ..110 2-8 .. 83 MjNINQ STOCKg*. Boston, Aug. 22.—Opening: Copper Range 63; North Itutte 64H; Quincy 95; Old Domin ion 29H; Butte Coalition 19%; Parrot 14%; Osceola 106; Calumet-Arlsona 150. THE SUGAR MARKET. New York, Aug. 22.—Local refined and raw sugar market steady and unchanged, laondou beets ateady; Augnat and Heptum ber 9s l%d. PRIMARY MOVEMENT. ending nt 8 ••Received Chicago, Aug. 22.—Primary receipts follow Wheat receipt* today 811,000 bushels; ship* inents todny 632,000 bushels. Last year, »ee|pt* 666.000 bushels; shipments last 12.000 bushels. Corn receipt* todny 279.000 bushels; ship- lent* today 300,000 bushels. I^st year, re- >lpts 312,000 bushels; shipments Inst year 376,000 bushels. CHICAGO GRAIN MARKET. Following are the Chicago grain and pro visions quotations for today, compared with yesterday’s close: Previous Open. High. Low. Close. Close. wheat- visible 8UPPLY OF GRAIN. Following shows the weekly visible supply r grain: Wheat Increase 1487,000 bushels. Corn decrease 613,000 bushels. Data decrease 453,000 bushels, CHICAGO CLEARANCES. 'Mrrela. Wheat 17,000 bushels. Wheat and dour equal 649.000 bushels. Corn 10,000 bushels. Oats 60,000 bushels. LIVERPOOL GRAIN. H higher, suu iliw ilgher. (hosed i'«$H 'firo opened H higher, ami at 140 p. m. was % higher. Closed % higher. CHICAGO CAR LOT8. The receipts of grata In car Iota today nnd estimated receipts for tomorrow are si follows: Today. Tomor. Wheat 2J® W4 Corn 17 147 Oats 211 * 266 Hogs, bead 12000 16000 aimrn ST ATI OS. Atinntn. . . Augusta. . . Charleston. . Galveston. . Little Rock. Memphis. . , Mobile. . . . Montgomery. New Orlonu*. •••Oklnhotna., Hnvnnnnh. . , DISTMCT A VEKA01S. rsr 3 99 9 90 jll hi nr THE COFFEE MARKET. New York, Aug. 22.—Following are coffee cables:' Havre, 10 a. m.—Market % franc off. Hamburg, 10 a. m.—Market unchanged to *4 Pfennig lower. Illo reeelnt* 9,000 against 7.000 last year. Knntos 21,000 against 10,000 last year. Hso Psnlo 36.300, against 66,600 last year. T. Indicates inappreciable rainfall. (1) For yesterday. (2) For 24 hours ending at “ “ ni. meridian time. •••Missing. Remarks, The temperature has risen slightly In the extreme eastern dUtrlct*. and renin I u* about stationary over the rest of the cotton —‘on. The rainfall has l»e«ii well <1lr uted. the heaviest district averago belu, nearly % luch In the Little Rock district. J. B. MAR DU BY, Section Director. WEATHER FORECAST. Washington. Ang. 22.—Weather conditions and general forecast: The advance of the western area of high pressure has canoed s fall in temperature and cloudy, showery weather In the Atlantic coast districts from New England to Vir ginia, thus extending the tone cooler weath er from the lake region to the Atlantic. A barometric depression appears thl* morn ing northwest of the Dakotas, but has not thus far caused precipitation of conse- itieuee. During the last 24 hours light rains Jell in the middle Atlantic states, Missis sippi. Arkansas. Oklahoma, western Mis souri end eastern Kansas. Fair and cool weather the next 36 boars In the the Washington forecast district and show ery weather In the southern. The tempers- ‘ ire In the Ohio valley and lower lake re- Ion, however, will rise slowly Prfdav. Forecast till $ p. m. Friday: Virginia-Partly cloudy tonight and Fri day, except shower* in extreme southeast portion; cooter tonight In extreme southeast portion; fresh north to northeast winds. North Carolina—Hhowers tonight sad prob ably Friday; cooler tonight la eastern por tion; virlame winds, becoming fresh north- MoutliYarollna—8bowers tonight ^ud’prob- ALONZO RICHARDSON & CO. Public Accountants, Auditors and Bank Examiners. Audits, Special Examinations, Coating and Systematizing, EMPIRE. BUILDING, ATLANTA, GA. April May June July August September .. „ , October November December .. .. Closed steady. Opening Range. Close. 6.76-6.80 r.!9o-r..V» 6.96 8.00 6.00-6. OS 6.006.0S B.of. *. io 8. IK-5.60 6.60-5.65 5.65 6.70 0.70 5.75 6.75-5.80 . . .5.H.V.Y93' . ..6.96 6.00 . ..6.96-6,00 . ..6.95 6 06 . ..6.00-6.06 ..’’.i’w&eo 6.66-6.65 6.755.80 . Hales 259,000 bags. LOCAL 8TOCK8 AND BOND8 (Revised by nillyer Investment Company.) Bid. Asked. Atlanta * West Point R. R. 1604 — Atlanta, Birmingham and A.. 19 do. preferred Exposition Cotton Mills Fourth National Rank O*. R. It. and Banking Co.. St G*. Ry. nnd Electric.. do, preferred 8eohonrd Air Line 10 do, preferred 194 Southwestern 107 Atlanta 4 p. c. bonds, 1S»..„ 99% Augusta 4s, 1935 Georgia, 4%s. 1915 coupon 1064 do, 2%, 193!*. reg ... 104 . 6s. 96 102 ii&t aklj Friday; Tsriabla winds, tMOxnlo, freak nnrttieaatertT. -tlmrKln-rnntlaned anawera tonight or • rlitay; light variable winds, becoming ~ artheasterly. Eastern Florida. Western Florida. Ala bama and Mlsalsatpnl—Scattered showers to- Miscellaneous. Great Northern 121 1-8 Amalgamated Copper ..121 1-t American Car and Fdy *7 1-2 Amerlcnn locomotive S2 1-2 American Tobacco 75 1-4 American Cotton Oil. 20 1-2 American Smelting and Rfg.... >5 1-4 do preferred Brooklyn Rapid Transit Colorado Fuel and Iron . National Biscuit National I-cad Pacific Mall Preiaed Steel Car Slnsa-Sheffleld Steel .. , Sugar United State. Steel .. . do preferred Mackar'e Vlrglnln-Cnrollna Chem. 95 l-S .. 42 .. 23 2-4 .. 09 .. 40 2-4 .. If ■ .. 27 .. 47 ..114 .. 11 1-t .. 93 1-4 .. 61 3-4 .. 30 THE METAL MARKET. New York. Ang. 22.—In Ihe metal markata price, were lower locally. Copper off 14e. Tin Me off and lend and B|>eltcr wars heavy, THE LONDON 8TOCK MARKET. Anaconda ., .. Atchison do, preferred , •*1morf —■* ^ apaal Ua nnd Ian Pacific Brla do, preferred Illinois Central Louisville nhd Nashville .. .. Kansas and Texas .. .. .. do, preferred New York Central Pennsylvania Ontario and Western Norfolk and Western Philadelphia and Reading .. Southern Pacific .. ,, .. .. Southern Railway It. Paul Union Pnelflc ^ .. United Htstea Hteel .. do. preferred 4% UNION 4% SAVINGS BANK Gould Building CAPITAL S70CK ... 3100.000.00 ' ' RIIOUROI3 1 1 "■ JT 4% 3280,000.00 |4/0 $88,##0.0# fiOLD BONDS to net investor nearly 6 per cent. Write for circular. J. H. Hilsman & Co., Atlanta, Ga. ATLANTA NATIONAL BANK ATLANTA, GA C. E. CURRIER, President. H. T. INMAN, Vlce-Pr«ild,nl GEO. R. DONOVAN, Caahl.r. ' JAMES 8. FLOYD, Assistant Cashlar. Capital . $500,000.00 Surplus and Undivided Profits $650,000.00 We Solicit Tour Patronage. ' J