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r 5 4 'j' » THE ATLANTA GEORGIAN. WKItHEHDAT. Arr.rUT 1. Iff*. edited by "Y? JOSEPH B. LIVELY! THE GEORGIAN’S RECORD OF MARKETS AND FINANCE TONE VERY QUIET AT THE OPENING Business Cheeked By Near oach of Government Condition Report. Approi NEWS AND GOSSIP Of the Fleecy Staple. MUi title to* Idek Brea. k Co. say: “The attitude he market I* a nulling oee. Jt him •doped hu'Ii rigidity Hiii ti Is n"i lik.dt II 1110V# mere than It ffK points either w efuro thegtiiircuu. Traders are hesltntl ml cautious. A condition of about 80 *JC£ orp* ter, Ilnggntt k Co. any: “While or is CABLES WERE BETTER Sales of Spot in Liverpool Larger Thau for Some Time. By Private Lea awl Wire. Neu* York. August L—Btialncaa at the opening of the cotton market waa very quiet, being checked by the approach of the publication of the * government rondl- eport. The cable* were better .than and (Tie wine of the spot article In Liverpool were larger thaa they have l*cn time. for i SPOT COTTON MARKET. Atlanta, ateady at 10%e. .UUiiaV.li . New Orleans, steady at 10%c. Liverpool, dull at $.98d. Augusts, quiet at 11c. AlUOIlli **v. Sava nosh, quiet at ]69-16c. 6t Louis, quiet at lOTic. Houston, quiet at 19%c. Memphis, quiet at 10$S“ sslbl lomlnnti hau the most bearish and with Hi11" Tho Journal of Commerce makes the dllb*n *»f cot ion hi.7, ngainst ''J 7 lust month Verj favorable but causca (Interiors tlo and siippy results ytroog * " * grassing • mall, li fffltai ... ^ serious complaint of scarcity of labor. Many Held a clean tad well cultivated. Heat terra complaints of shedding. Colton will be leld by about August L Season some what lnt* ” New Orleans, Aug. L—Liverpool 1 higher 1« n abode better than expected. Wi duo unrbnngcd to 1 higher. Frank Hoyne says In nn interview of tho July dral: "That it w.-m a llipildatlon. » no corner was attempted; that n long ‘ terest well over 30,000 bales existed. I that over two-thlrda of It wan liquidated at over lie toward the dose of the month. The pool waa short and made a han.laonip bales only on contracts." Private Wire to Ware & Leland. New York. Aug. L—Liverpool futures opened quiet. 1 up. At 12:15 p. ID., un changed to 1 up, dull. Hales 4,000. Hpota 1 down. 6.9M. Futures due to come LIVERPOOL COTTON MARKET. Liverpool. August L 12:15 p. m.—Cotton, spot demand Increased, with prices steady; middling uplands 5.98d; sales 8.000; Atnerl mu v.,uw t speculation and export 1,000; re* celpts t.onO; American, n Futures opened quiet. Opeulng Previous Range. Close. Close. ..5.:$5.72 5.71-6.72 5.72 { .U4.lt 1.64 ! .6.50 .5.56 .5.57 August August-Sept. . SepU-Oct. . . < Oct.-Nov. . • . Nov.-Dee. . . I)ee.-Jan. . . . Jnu.*Feb. . Feb.-March. . March-April. . Aprll-May. . \f65 ..5.6 i 5.50 u.:* 5S7 CIO: Ml dull. ..5.61 IH4.L ... tJMA iEu!! I-jm-S Hj?8 5.61*5.62 5.664.61 TODAY’S PORT RECEIPT8. ’ Orleans. Mobile. annuh, . Charleston. • Wilmington. •••••• Norfolk; New York. . « • • Boston. ...... Total. & INTERIOR MOVEMENT. changed to 1 npJ ■ The New York cotton market opened quiet and steady; prices unchanged. Com mission house business practically at a. standstill. Bren local operators don't aeem disposed to do anything either way. m New Orleans, Aug. L—Heavy receipts new cotton at Houston are causing alt man ner of bearish comment. Lost year this day Houston got no new cotton. Two years ago, the big crop. It got 81; three years ago, nunc. Shiner. Tex., wires: “Cotton opening fast In this section. Up to last Saturday 74 bales were ginned. Town Is fall of farmers after pickers." There Is nothing doing around the ring. Professionals have quit the game. Aa the bureau geta nearer uncertainty OTer It in creases and broken now look to oee no change either way. The movement of new cotton In Texas la getting to be an Impor tant factor, and la causing spot buyers hold off more than ever. The net stock of cotton In New Orleans Is 28.11$ bales, against 45^06 at this time last year. Amount on shipboard 4,672 bales, against 9,763 last year. Cables are favorable. They were duo and 9 down on New Orleans and unchanged to 1 up on New York* Official cables port a better spot demand. The weather map Is favorable. Very tie rain Is shown over the cotton belt T< peratures are moderate. It looks aa though Hutton k Co. were ‘ II some cotton. This Is the trying, to sell some firm Miss tjlles Is employed by, and, their felling may be In antlelpraftni^BhBrata The locals were disposed to hammer the Wilson tok the cotton.^^^™ Miss Giles' report la 82.7, against 834 July 16 and S3.9 Jane LACKED FEATURES WORTHY OF NOTE New York, August L—The Sun says: ■* - narrow, ns ling ended nt a small advance. Tho Is understood to have given a certain amount of support at times, and there was HMPHHHkt.lir some, furnish decisive news on this' subject, although this oplulon la not unanimous. In fact, some contend that It la much too early to irrach n ‘ “ Me size regarded i a definite conclusion as to the preba- [xe of the crop. Inasmuch as August Is ded as the most critical period In GIBERT A CLAY'S DAILY COTTON LETTER •lny or so ago has result) loss of a point. oral marice t was entirely feature less, along narrow lines, of July l»jr Miss pri' e changes continuing along narrow 1 The condition estimate of July by Giles was $2.7, and waa considered bu! ulllsh. earned Extremely favorable crop re* ok sources, and the ideal weather K **t few days ham added considerable con- •lence concerning Mea* of existing pros* poets for a bountiful yield. Nevertheless the crop has yet to paas through some four be largely Instrumental In shaping the mar ket's course. For the balance of the week, however, little or no change Is looked for. ntly being well content to lug Mg ... of the^rnrernment morn- New York. August 1.—The stork market rn 1UIK. t.— gur a uwia-u - J strong today from the earliest trading, and a largo increaae in puNIc interest mid support followed i.*. a i\wlt of the United Htntes Stool report, a ml a general Inrrense in confidence In fundamentals. The Husslnn situation, grave as it la, seems to lw* rrgnrded ns n minor influence, and larger interests are unanimously support ing their sperlaltles to a greater extent Gum ut any Mm- In Gu- nt ] *' strength Is shown by the llnrlrman Issue*. New York Central group. Atchison and the Uoaiers. though tho Hteel storks were heav ily bought and good buying appeared In nearly nil directions. Ho many things have l*een revealed aa elements of doubt that wo must look to new Influence* to ef fect both tho public mind and values. Money matters are In a satisfactory shape, bit the wider uses of funds makes tgla question nn eieiiM-nt to be kept always consideration, and It Is still Impoa- elldo to rhnt Is going on Jn America, and we most ■onHodr that whatever reaction may be ihown in the security list as a result of r»« n.-t|w huvlng <*n Thursday and frl- lay will be followed by strong support in nnnjr directions, where high dividend ■Mm now assured. will tempt both specu lation and Investment. THE 8UGAR MARKET. . Frl vat# Leased Wire. Y'ork, August 1.—Local refined and steady and unchanged. London hanged. 8; oeptt there ■■■■ than there waa to trade, and, aa already Intimated, the fluctuations In price* were of the narrowest kind. At nno time, tho market weakened slightly, owing to^ fa lbl# * inrai iraoera, inport, and ok place an JWtry rain on reports from ■ lets selling prrs- mt the bull lead- ernment report draa rather bullish. If anyl thing, seeing mst It reported damage from IrxcHMvu mine In North Carolina. Sontb Carol Inn. Arkansas and Tenuesore. The t nroiiun, rtiminsnn ■mi aruurwrr. x »!*■ speculation was wholly professional am! Mckcd features worthy of note.“~aibert New Orleany. August 1.—The Times- Democrat: "Itnrrlng a rather general de air* on the part of the talent to even up the bureau report due next Friday, yen tardaVs cotton market wae featnrelms, doll and inactive to an umbltlonlesa dear “ ‘ ^ - ‘ xu Heal pern with appetites.could not extract Ilmen money out of the play. Further crop new# merely added to the _ proof of favorable progress. Revolution In Russia waa without uotenttal efft market. Fall options bal_ cause aborts feared the government condi tion figure, and not because the friends of the notl a figure, snd not l J Bnee befriended ■ng ambitious In Hthe viewpoM ‘ • u-I. War# k Leland the staple. There Is the Immediate outlook faction."— WARE & LELAND'S DAILY COTTON SEED OIL MARKET New York. Auguftt I—Colton weil oil Wli tether fenlnrele.^ n»We from » atenit, Doeltlon. For the mnet port, tradln, we. doll, owloc lo the fuel ihnt the .llc.llon le n waiting one. An,net wae practically at a ataadetlll, ew|a, to tho lack of la SUTteatlon to tbo aew rinoTemeat >• aireetln, s*pterat« nndi of Ket>tember nrerl to pre'llellnti. nt new I crop dellteneo. Pooie oil hae lieea offered from MUthera Teia, for Anrn.t .hiptaeat, and a moderate emotint haa aim beea offer ed for Hepteather a ad October dellrerr.i The eortlaeu of tbo erop and the f.TonbU proepect. la the reatrel aad aouibwe.t prod acta, dletrtrts atekea thooo eeetlooe the Importaat own tkt^H l.f.etnrj ater aad of lem Mt Arisu.t .. .. .. September.. October.. •• •• •• •• - November December •• •• « January.. .. Closed steady. Opening Kang*. Bd»«r Allen Poe, American poet, irtrpt with bla eat He wa, food, of hu feet tad took gn*t pride In thHr kmo. Darwin, the faraooa Enrtah aatorallet. would tear a hook Into ■ mini. IIP wrmi-i ■■ If It beat aerre.1 bla purpoac. GIBERT & CLAY •• K. ALABAMA STOCKS. BOND*. COTTON. CRAIN. corrccpnovisioNS ATLANTA, 04 New York Stock New York Go ft on 24cw York Coffee NCMBERSl CaebanfufNew Orica. QMM Eieh.na* rhleaeo , n ,'?” l _? , .T r !5j.,„- Rt'hanje jiew Orica, t-tark Eiehaaa^ UrWpoot L.ttoo AHOrt.llm Eaehnoce lNew Orle.a. Hoard of Trade ]il.licton Cottoa Lxchaa,.. rrlrate Wlrea to all Eicbonrea. Local and Long Diitanoo Telephone 5291. VV. R. FAGAN, Manager, WAS AT ADVANCES Improvement of Good Frac -tion to Full Point Scored. STOCKS MORE ACTIVE Rise More General Than Any Prvious Stage of Up ward Movement. 0/ Private Imaged Wlra. Naur York, Aug. L—The market's recep tion of the welcomo news of the 8tee! com mon dividend was scarcely more striking than waa to have been expected. In spite of the eleventh hour rumors that some dis tribution would b« made, the directors* ac tion really took the street completely by surprise, and It was simply a question to day of how high the market would open and how fast it would advance. Steel com mon, on running Bales, rose immediately 1% points from yesterday's cloelug, while the i figures for the stocks for the mornlni I -rices tor o other quarters the market showed its exhilaration throughout the list. There were some sharp advances In the whole group of Northwestern issues. In Union and Southern Pacific, In both tho hard and soft on fresh talk of buying for controC the fa vorite reasoning being that the prospect of the road changing hands was the cause for imthlng hiving been done with the Pnrlflc coast extension plans. The whole market was exceedingly active throughout, and the rise more general than at any previous :age of the present upward movement. Tne stock market opened at general ad- nnoes. extending to a pMnt of Coloreds Fuel. Union pacific n ml Amalgamated. Heading gained Smelting 7 «. and New York Central and Union Pacific V*. Steel common opened at 41% to 41 against 40 yes terday. LONDON STOCK MARKET. Brie.'.lH 5(11. and Ht. Paul., do. preferred. Illinois Central, Louisville nnrl Nashvlls... New Y'->rk ('••Mtrni Pennsylvania Bending «.*• . Southern Pacific ■’nlon rnclfic -’nlted States Hteel.. do. preferred ATLANTA MAFKETS. FRUITS AND PRODUCE. Officially corrected by Atlanta Fruit aai Produce exchange, Lemons, H754l6. Limes M to .be. ^LJO to S16Q. Bananas, straights. u* m l»u"ch |L50 to |1.75. Culls, per bnuc-ti. II to $1.21 Watermelons, 17.50 to $20.00 per 100; de. ’ AND COONTBT PRODUCR.— Lira hens 95 to 37%c; fries 22% to 25ej hrollera 15 to 22%c. Live ducks, Pekin 33 to puddle 26 to 27%c. Dressctl hens, per lb.. 12c to 13c. “ »r dozen, 15 to 16c. table, per lb., 30 to 22%c; cook uuiici, |icr »i»., w ooTl*, swa- t. in Mb rack. 10 VEaETABLES. —Irish pots foes. **- stock $4 l«rrsl; No. 9 flock $3.50. Tomatoes, per crate, 75c to $1.1 Tomatoes, per crate, TBc to $1.25. . Old sweet potatoes, per bushel. $1 to $1.25; new sweet potatoes $1.60 bushel. FLOUR, GRAIN. PR0VI8I0N8. FLOUR—Postela Patent. $6.00; Diamond patent, $5.66; klaacoutah 8tar, $4.76; fancy - ‘ $4.65; Blue Blhboti^ j4,10;__ fancy a K tent, $4.65; Blue Ribbon, $4.10; fam K, cbo. white, 50c; choice mixed, 50c; Texas rt proof, ilc. 4c; bolted 160-lb. latts. per horts, white, $L40: medium, ijM; brown, .30: pure bran, |Ui; mixed bran, $1 lo. !lX\.—Timothy. ch»*iet* large bales, II.IO: do, choice small bales, $1.06; do, No. timothy Mies. »*.«, no.. No. 2 $1; do.. No. clover mixed, $1.00; do. No. 2 closed mlxe< ►ore pi. to ltnuie*1lnte *rrr*ptnnce. GROCERIES. jnGAR.-Stand*ra granulated 6e. Now I Tork Itefinwl 4% to 4%; plantations 4% to Arbnckle’, J16.60, life, llftc; imo 10 to lilCE.—E.rollo. «H to TU«. oceordln, to ada. Usrkot rory pttoo, JIEEHE—I'.ntr foil rrrmm dtlry. MHei loo ltc; brick, lie. Market otroor. B|*|{OV|A|i>NH.—Hopreia. bain. lie. Don hamo 16lie. -‘allfoml. ham. HHe: Rnl .’row bania. lie. Drr Hit extra rtbfc 19.76; lie I Mea. lha., tl0.fS;-fat l.arka. ie; plate,, Se Htiprem. lord. 69.76: Ite-I I ri*... 10c. Sno« I Drift compound, lied Cron, TV- COFFEE MARKET. New York, Aacoat 1.—'The eoff« market beginning _ _ cables, while the loped aa tbo call a lab tho later months, and the opening, aa a whole, waa considered a very firm respond* very firm response __ the character of the adlvces from abroad.—filbert ft Clay. Following Is the range of New York cof- fee today: Opening Rffgv January.. .. •• •• 7.8** February 7.45-7J0 March 7.55 Jane... July.. ... ober-Novembor November-1>eeeniher.. , .7.16-7.91 December-Janos ry 7.35-7.91 Closed -ateady. .i.m Close. 7J5-7.40 7.40-7.45 «?£ 7.60-7.70 ml ill WARE A LELAND’S DAILY COTTON LETTER New York. Angust 1.—Tho event of the if was Tha Journal of Commerce re ar on the condition of the growing crop tho first of August, showing a decline but 1 per cent for the month. Thin . • generally more favorable than bad by aqtlHpated. and when combined with ■ report early In the and the private estimate of the young woman ate tint Irian. «bn»lng a loss b** than a point, served lo exert RANGE OF NEW YORK STOCK MARKET AlimlKiHlinttMl Conpef I.. American Sugar ib-finlng. Atlantic CiHint Lino Ameria f-oniotlve Stncftjug Beflnlng.*.* do. preferred Ate hi so: -I-. pr.-fern..i Amerirtn Cotton till BaJUnioro and Ohio Brooklyn Rapid Transit Central Leathei do, preferred Chicago and Gro.it Western.... Chicago, Milwaukee and St. Paul _ it wars Dlntlller'a Securities.. Erie do, preferred General Flee trie Illinois Central...,. American Ice Securities Lnijin\iiie and Xashvtn# Mexican Central Missouri Pacific New York, Ontario and YVestern Natloft.il Lead Northern Pacific .' Now York Central Norfolk and Western Pennsylvania People's daa Pressed Hteel Car do, preferred.... Uepubll Itock li ig lie Hteel United mates Rubber .... do, preferred S<>iitt.urn 1'at I tic Southern Hallway do, preferred Slosa-Sbeffield OllWff-nllffllieiU..,......... Teuneasee Coal and Iron Texas and Pacific Union Pacific United Btates Steel ... do, preferred Virginia-Carolina Chemical do. preferred Western Union Wabash ....... : . preferred Wisconsin Central do. preferred........................ Total at.H'k sales ioiaj L5f7,o6&.' NOTES ON GRAIN Pointers on Provisions. Private Wire to filbert & Clay. Chicago, Aug. L—Liverpool'* decline «he.n Iiot ••• 111:»I to ..nn*. I.ut r.-|M.rtfe ItuRalan revolution seem to be without foot on prices. Prominent shorts cov* thek lines yesterday, and likely to I market support nothing to muse any uintorlsl sdvnnro heat at thla time, and In fact think lower prices probable. But the long - -jm will In- hb profitable us short id hot rallies. Clear ■oru belt. grains very week on final Julj >n. and with this pressure remove*! pays to bo an eleventh box bear Can see nothing In the i wsrrant further setback In Oats opened hi gin h ats situation to corninlsaloi Corn opened high _J parts of Illinois where most goffei haying by lung scattered- k of rain In ■■■Mil this month, matter how the erop erentuully turns i Chicago B»--.»nl Herald: ’ l.a’rge i|e|| |cs of rorn were made yesterday “ of the line held In the affln of Pringle was delivered out and a larg« line wns also delivered by A. V. Boot; There ora only 1.300.005 bushels of ttxotraet terd.iy. i were (Mlvend yes- Prlvate Wire to Warn k Leland. Chicago, Aug. 1.—Corn position growing weaker. People who have been hotdlng cash corn were free sellers yesterday. Car lots wheat today In Chicago 297 ears, against 508 lust week. If thla falling off In receipts continues wheat bns good chance for a small advauQU. • This wheat in getting Into a price where there la an argument, and from now on tho bear# will not nave It their own way. Thera has .been some heavy buying by scattered local shorts from the opening until around 74%r, when Armour brokers sold freely and a setback rnay take place Provisions a shade lower on the lari receipts. Market haa eased off on Ugl 2R years’ experience rkets Is Atlanta snd b has made him a OPENED STEADY AT FRACTION UP Changing Over from August to September Option the Main Factor. LATTER IS IX DEMAND Unsettled Political Condi tion in Russia Was a Stimulating Influ- "Ing price* 1-41* h^g pro- selling by commlslaon houses. Packers pur- RANGE OF THE COTTON MARKET • 11 VI that power is out of market It 'sinks of It* own weight. Chicago Inter-Ocean: All records were broken for wheat receipts in July here last month. -Arrival* were 7.764,000 bushels, exceeding the Idg run of 1H02 hr 1,173,000 bushels. In July, last year, receipts were L915.000 bushels, and in 1904 «»nPr 933,000. also AT NEW YORK. Tli, following I,, in. raoo M cotto, future. In New York teia,; I .nut l>reilon» B n. IIIcli. Low S'I, Clow. CIoh. 7 9.97 9.97 9.97 I.96-97 9.9M7 Sept. .10.00 10.X0 10.01 KM0 10.19*19 KMO-M Oet. .10.M 10.96 10.17 10.16 10.3-36 10.33 3 Nor 10.77-39 »9f3« AT NEW ORLEANS. The following I, tho rnngo lo cotton future, Id New Orletua to.lnj; I.itRt rrorlooi Open. Illth. Low* H-l., Oloso. Clo<w Ang. .10.40 10.45 10.4) 10.45 10.43-0 10,37-3 oSi. iio'.ii loin lblir lb'.ii lo.'n-in Nov W.22-24 10.1519 pec. .10192 10.25 15.19 15.24 10.34-91 10.9W1 ■ 10.30 laiO 10.3042 10.26-27 1904. 81 cars last year and 678 cars Id There was a decreaso of nearly 3.000 care of corn and 990 enra of oats from la * year. Tosh business In wheat In Chicago Tues day was 190.000 bushels, mostly No. 3 red and largely to the seaboard oxpnrt Hales of corn were 116.005 bushels, oats i'-UMi bushels and rye 30,090 bushels. Ud. .19.91 10.31 TIPS FLASHED From Wall Street M«W York. Stig. *L—Daniel bullishness on the security llat la the aur- prising action of tho United Htates Btael *v».-rY, r atlon In placing tho common stock dividend basis. Tho technical p«»*l ...... has been improved by the tendeiiclei of the last dny or two. Conservatively hull Ish operations will continue, wo believe, to rivo satisfactory returns as a whole. Private Information In high source* say Colorado Fool and Iron Is not worth any thing. Would sell It ami Brooklyn Rapid Transit on bulges and buy Union Pacific and Southern Pnrlflc on wonk snot*.” Marshall, Hpader ft Co.: "Perbapa tha new phase of the Russian situation may be possible tha market may broaden with henry settling operations to be taken earn of. hut wo expect no permanent break In the price level of the general Hat and pr.-f.r l-'nlng •»» kimIi refresh, take place from special cause*. n firm at % to Unite.! Btatei Steel laming* of $40,126,000 for quarter more than verified estimates. cent basis waa clearly a surprise to ^*^7* liody, and la a most bullish feature, whlj* lending to stimulate the list of Industrial* ^Xgxreslire buying against shorts moat likely, bat as advances think It will bo low resr^li Ixindon a Mg boyar unary movements. * *g buyer of Union Pacific. New are climbing with Sugar In ’ take place and ►Her. Indnstt Tha ntHmi of the Steel director* ahould enrnurage bufla. and wo ratbor look for mproTement. though the foreign situation i not so satisfactory. I»ow-Jones' summary: American stocks In London firm gener- * , K P „':?,’rr c .;.7 > 'A.rs2A r -wm r ^,, m «.* mum one-way (fere east of Pittsburg to STOCKS REVIEWED BY NEW YORK SUN wary demand, much L the trading element showing a derided .... osltlou to await tho publlrntlo * gf St..,.| i-arnlii, ffBlp af sIik-Vk. lb** who',- market t<",k nn n-ru-wi-,| strength and activity, so that tho close waa only nt prncflcnllr Ihe highest figures of the day, but In the raso «»t many promi nent atocka at the highest hnrel touched common and anticipations of a resumption ORIGIN OF THE TERM “PHILADELPHIA LAWYER. nsus'rirKn surplus iirnii/ »i»,w,vw. Twin City Rapid Trantt earning nearly 7 per cent on common stock. July bond market made a new low rec ord for that month. Chesapeake nnd Ohio earned In the fiscal year about I per (Mtg^aMjH^m ■ HR I k— — the stock. ■ ■ Justice (Snyrnv snys that freight rates la mother of monopoly. The resumption of dividend* on Hteel common stock Is due largely to record earn ings of H0.12S.fO3 fog the second quarter. Ht«>clc exchange transactions In July ag gregated Ik JS.V9U shares, which Is ‘ Hlnee the first of the year, railroads have ordered more car*, rail* and atruetural steel than In tho history of the coon* five years* earnings of too railroads show an Increase of 40 per rent In gross and 73 per cent lo surplus applicable to .llrMon^l * Twelve Industrials advanced .© per Twenty active railroads advanced .9 cent.—Ware k Leland. few operators care to undertake new obli gations on the eve of so important a docu ment. The effort fo sell a little cotton ran nnd pri<f* ■■ tfosltlon. *nd In the ne*r months — — arpooL with receipt* of over 35) hale# of cotton nt Houston today, served •- Has tho definite origin of the phrase “a Philadelphia lawTer** ever been given? Only two explanations of the expression are known to the present ’■wlfcr. When In Philiu1<-lphla a year or two ago a lawyer of that city In formed mo that the expression had nothing to do with his nntlve town, but owed its origin to a street in London named Philadelphia, where many law yers lived. This explanation la Inge nious and seems to have hut a single serious defect—namely, thnt such a London street exists only In the Im agination of my Informant. The other explanation Ih found In Hart left’s Dic tionary of Americanisms (1877), where we read: "Philadelphia lawyer. That beats a Philadelphia lawver.* TI© knows as much as a Philadelphia lawyer.' These are common sayings, whence It Is to be Inferred that the bar of tho Quaker City are distinguished for their learn ing and shrewdness." (P.tge 462.) This Is the obvious explanation of tho expression, and there seems to be no good reason for not accepting It As, however, tho history of the expres sion has never been given, perhaps two or three extracts will not be without SOUTHERN EXCHANGE Oldest Established Office South. CO no* STOCiS - BONOS Mill Ground Floor Gould Building. Dally market letter and market manual mailed on application. LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN ComspoiOtt’s Capital $250,000 RCrCRCNCC. THE NKAL BANK RHONE 141T. PRUDENTIAL BLDG ware: a leland COTTON, CRAIN, PROVISIONS, STOCKS, BONDS, fie. 3 Will SI., A Hats, C$. Chltit* BarS ef Trade. Chlaji Slitk fadaip. ft*w Jtk Crffti fictiDM, " ' “““I*. Mi soft . Slt»4ird rknf 291 few fork Cefffs !i(hip. Him Orltat Citto* ht km ft Uttrpal Colla Anflitla. Frl Witt Whit li gf or York. Him Or/fMf. Ckl<» f«. Bill tbit* 1262. Fbftrtera were tfiadc for 86,0$ bushel* of [corn nt lkp to Buffalo. AB tho July trade* were denned np yoa •rday by the delivery of 180,000 Wbea |TT»,»i corn. 210.000 nut a. 1.750 barrels < pork and 50,000 pounds of abort riba. July wheat aborts in Faria were given harp squeeze the laat few daya, rrlee* b< ng run up about 10 centimes n bushel In the paat week. Mlnm-npoiia receiving hoimea had aaru ides of new oata from South Dakota yes-1 terday. testing 38 pminda and yields rngJ Ing 6u to 70 bushels to the acre. Hform Lake, Iowa, mild the firat t Jflelda of oata thresbod ylelde«l 45 to 56 bushels per acre. Crop I.xpert It. W. Hnow returned yea- terday from tb<» (.'imndliin northwest. IT says: “Manitoba will raise the Inrgei erop of wheat that ever grew out of the] ground In thnt country."| movement of rorn next week," wired dike, of Omaha. "I believe ruysolf are going to have a good inovemeut of corn. Formera are fleo roinmeming to Interest. In 1817 James K. Paulding wrotu: "It would puzxlc a Philadelphia law yer to mako a romnneo out of a lot nut." ("Letters from tho South," 2, 44.JH In 1881 Captain Thomas Hamilton, r younger brother of Sir William Hamil ton, and the author of "Cyril Thom ton." 'visited this country, and his In evitnblo book of travels was published nt Edinburgh In 1838. In it Captain Hamilton pays this handsomo tribute to the Philadelphia bar: "During my stay In Philadelphia I frequently visited tho courts of law. Tho proceedings I happened to wltnea* were In nothing remarkable, nnd I have already described the externals of an American court. It Is not unusunl among the lower orders In England. discussion, to say it would 'puzzle Philadelphia lawyer.* To do this, how- ever. It must knotty, Indi-ed, f<»t I have never met a body of men more distinguished by ocutencNN and exten sive professional Information than the members of the Philadelphia bar." ("Men nnd Manners In America," 1, 883-384.) These -extracts show that tho expres alon was In common uso In this coun try nearly a century ago. and that It early found Ita way to England. Marlon Crawford has tiacd the same nboMrr for every word he line ever writ- ink nod penholder for every worn he hi ten. .Ho always carries bis p< stationery whorover bo oge*. By Private Le*se«1 Wire. Chicago, August L—Cl for the day showed deoil 2-8c for wheat, 5-8c for roi oata and 71-2 and 22 l-2c f ducts. The early strength in wheat proved the downfall of the market, as tha selling was on & liberal scale. There was talk of 75 boatloads of wheat hav ing been taken at New York, but this waa not confirmed at the close. Tha KAnAoa City Star eatlmated that Kan sas has raised 90,000,000 bushels of wheat this year, and there was some short selling hfro on this. Cash sales, beside* those given above, were 100,000 bushels wheat, 50,006 bushels corn and 60,000 bushels oats at < 'hit ago, also ten loads corn and 160,000 bushels oats at the seaboard. Primary receipts of wheat 1.491,000 bushels and com 377,000 bushels, com pared with 1,347,000 and 421,000 re spectively a year ago. Clearances were 479,000 bushels of wheat, 46,000 bushels corn and 2 4,000 bushels oats. CHICAGO GRAIN MARKET. the Chicago grata quota- WHEAT— Sept.... 74% Dec. TT% May.,... »% CQRN- Sept.... 49% Dec 47% May 4ft OATH— Sept.... 31% Open. High. Low. 60% 47% 4*% $ Dec 32% May.... 34% PORK— Mepl... 16.nn 10.72% 16 X, 16.52% 16 » 14.00 14 06 14 00 14.05 mi !:n|| iS 3.2 !•** PRIMARY MOVEMENT. The fallow Ing flgnrt Whoat He...Iota today. 1.491,000 hoeltol* Knluit 1,347.0m tm«Uel« last year-, ship ments today, F»7.mU husliels, s gal oat 745,955 igainst 4Zl,0< odav. 371,001 •1* last yeni 377.000 husi year; shlpm , Is. ngslnst 776,000 bush- NORTHWEST CARSi week and last year: LIVERPOOL GRAIN MARKET. Wheat . r i5ss r; 1.30 p. ui., % |ow«r| CHICAGO CAR LOT8. Toilar Tomorrow, nobert I/otiis A merles a poet, always Keats, an English poot. ordered red pep. i*r on tils t»»ast .'Tory time Longfellow, th.* prime „t them all. took Is walk at sunrts4> and sanaot. It was iea he caught hla subllmest thoughts. Alexander Dumas, tha French toweHot and dramatist, bought a Aae paiatlag eveiv time be brought out a new nook. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. WM. t. PER... Pr.ild.nt. nOOT\ r. MADDOX. Vlr. Pr., MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS . ACCOUNTS INVITCIfe $209,094.00 $509,000.00 We Invite aerounlH of individuals, corporations, banks and bankers and offer the lx-st terms consistent with conservative hanking. In our Having. l>-n.rtm«nt w. »llnw Inl.rv.t at Ih. R«t. ot 11-J per cent. Compounded 8cml-Annual1y. 4 r