Newspaper Page Text
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THE ATLANTA GEORGIAN.
Thursday, august 2. irxv».
EDITED by /
JOSEPH B. lively!
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ES
.rears' pxpsrtenc*
ting markets In Atlanta and
South has made him n rec*
J ogulxvd uutLorlty In Ula specialty.
m FEATURELESS
NEWS AND GOSSIP
Of the Fleecy Staple.
Trlvato Wire to Ware ft Lolnnd.
New York, Aug. i—Liverpool futures
opened steady. 2 up. At 12:15 p. m., 1 to 2
up nnd dulL Hales 6.000. Spots 1 up at 6.99.
Little Toue Was Shown at
the Opening in New
York. .
undertone STEADIER
Due Largely to Excessive
Rains in Georgia and Fa
vorable Cables.
Br Prlrute tossed Wire.
Srw York. An*. 2,-Prlces at the oponln
w'lhe market .how«I little tone. The un-
Jfrtone was .tend*, but largely due to —
wJT nutlncM wnn eouflned to iirofesilon-
Hi ijnln. • ... ,
The cotton market doen not furnlah life
and into of n nature to call for comment.
II ha, been ilnll mid narrow for a mouth
aiil tlurtnntlonl arc mainly the reault of
mvfeMlnnnl* playing for a few polnta'
irortt Unit on tne nun elite and then on the
Hl aide of the aoeount.
The trade generally la waiting for news
from «« croft on which to bate new veil-
The allot altnatlon. while It la generally'
known there will lie enough of tint old cru|t
_ ... ..Mi. the anlnnAri Into fin" nmi'
Lofton t«> rarrv tno spinner* into tin* now
SST hold. Neatly, which I. reapnli.il,le
for the stradlness lu th« fdturcs departc
... . scrnmblo
flr«t ~ri*rolpt s of new cotton, nnd It I* re
ported that there are n large numlwr of
toyers In southwest Texas paying 10%e
basis middling lnmle<l In lloustuu for all
;ton.
the esrly cotu
SPOT COTTON MARKET.
Nrw York—Qulet’ 10.90. Rales 800 con*
sumption, delivered ou contract 8,300.
. i
Rsraiinab—Sternly, 10 9-16.
Anftwtn—Quiet, lie.
St. Irouls—Quiet, 10%e.
LIVERPOOL COTTON MARKET.
Liverpool, August 2. 12:15 p. m.—Cotton,
itK.t Imslnets moderate. with prices steady;
middling uplands 5.99d; salea 6,000; Amer*
Iran 6.100j speculation and export 600;
receipt* 2,fc)0; American none.
Futures opened steady.
Opening
Futures doe to come 1 to _
• IJrerpoo! cable says: •‘Featureless mar
ket.”
Cotton In New York op
outside trade. Inl
and with p
cals rather mixed.' Howard. Wilson
Bay Inclined to bar cotton. Balance of
tbo
dnjr nnd
quid
- __]0 bureau tomorrow.
Sentiment Seems to Im» that bureau
orrow will bo between 81 and 82. This
uld not cause any particular change In
prices.
Orleans, Aug. 2.—Cables are about
aggressive on tne continued heavy
went of new cotton In Texas and on the
good weather. Spots are quiet. Buyers are
Hues
. . , _Juyi
wiring on one or two fslr-slxed
lilch mar bear results later.
Net stock cotton In Now Orleans Is 24.
bales, against 45,257 st this time list year.
Amount on shipboard 6,793 bales, against
11.718 last venr.
The weather map Is favorable except
nlohg the Atlantic const. At Augusta 1.28
inches of ralu are reported.
rrlvnto Wire to Olbert A Clay.
New York, August 2.—T.lrerpool at 11:20
i. wns 2 up. Was due 8 to S up.
The Commorclnl says: "Price sold some
spot cotton yesterday, taken up on August
tenders,
Boors estimate August receipts new cot-
m at 10IL00O bales.
Tin* buying on opening was small and
scattered. Nonion wns principal seller.
New York. Aug. 2.-Carpenter. Baggo
Co. say: "It looks now as If the offerings
of the season would l»e reduced ns com
nnnclnl improvement In condition of plant
ers nnd merchants of the Month. We would
suggest flint It Is time to In* careful nnd
conservative and indulgo In only moderate
trading. #
Dick Ilros. ft Co. ssy: "There Is little
the situation Just now. A lmrran report
between 80 and 81tt Is expected, and un
less figures vary from these limits the
The
hope of a very large
tlrely on whether a trader counts on
crop disaster or not when It comes
The Journal. of Commerce says: "The
strength of the dry goods market was real
and plainly ai * — *-
ily apparent. Bayers proceeded to
ds to meet their needs without
Are • weeE» 1 ago. Tfio buying has" not been
In large quantities as compared with Inst
year on cottons, nevertheless there are In
dies tlona seen In the market every day
which show conclusively that stocks In lob-
next twenty days."
New Orleans, Aug, 2.—Liverpool 2 up
approximately as due and should bo with-
— —" —nli
Now Orleans, but outside of these lo-
August
August Sept..
Sept. <>ct. . .
Range. Close.
-if
.5.62
Oct.-Nov..
Nov.-Dec.. .
Dec.-Jan.. ...
Jan.-Feb. . .
Keb.-March.
Msrrh-Aptil.
Abril May.: .. ..
Closed barely steady.
: m
:::tS
»r. v.
5.60-5.61
5.56-5.57
.6.63
5.56-5.57 5.56
6.664.67 1.66
. 5.58 5.57
.. .5.694.10 5.584.59
6.614.62 5.604.61
,i 6.624.63 6.614.62
TODAY’S PORT RECEIPTS.
The following table shows receipts at the
girts today, compared with the same day
New Orleans. .
Galveston.. . .
Mobile
Kavsunnh. . . .
Charleston.. .
Wilmington. .
Norfolk. . . .
Boston
Philadelphia. .
Tort Townsend. ,
W"
jghntr __
The following Is from Ilnngerford. Tex..
'Cotton Is opening rapidly here: everybody
— — several bales nave been
short time gins will be
g I nil oil nnd
The following Is from Lesnder, Tex.,
"Preparations are being made to harvest
the splendid cotton crop now maturing lu
WARE A LELAND’S
DAILY COTTON LETTER
dose last night, through the purchase of
be? mn up to 10.27, or, rather, was ad
. hour.
few covering orders
manifestation, and this
indicated the generally erened-np chnmcter
of the market at the present time. Heavy
INTERIOR MOVEMENT.
Houston. . . . , ,
Augusta
Mpiuphls
GIBERT A CLAV’8
DAILY COTTON LETTER
Saw Orlesna. Aug; 2.—I'arir rtil.lp. re
Pf'tM a fMtnr.l... market, I nit toward
tne close options, considering the narrow
ness of the market, eased rath'
Mnt ndvancr. Knot *1.. ............. .... .
bales, quotations being advanced
IkO'aiijp thero was no change from the
ehnrHeterlstie dull and monotonous market
that lias I teen the rale of Ute. Coverini
by short* alone maintains.a steadlneoa ol
ton**: otherwise, a general lack nf interest
2L. JP 0- * m "Hgnsnt type prevailed. How*
eter. the government report to l*e Issued
tomorrow nt n ....... ..
tomorrow at 11 o'clock (our time) Is , *
t«i to shake off some of the market’s
!'‘Minrgy nnd to reawrak'»n lnt»ri>«t nun- ua
""’I to reawaken Interest now so
ions: dormant.
... -J>l weather again I* reported In nearly
S/HS"" 1 P r ,hp *dvlces to-
**25 tk * excellence of crop
" nd not ' with satisfaction the
5S»dlJ progress made during tho past few
n f sunshine. Ifsrdfy a complaint fs
SSI 10 # m " r *be uniformity of the favora-
weness of the reports.
COFFEE MARKET.
- v iir' mm -'. a BWi l LS&
... - adva....
boll
"1^'
■nurngw! hr th. nfriH.t mnnrmtitlon nf t
Yllsriutlntl hill. I fat
J£* .^"I'Mntln* nrlg. bnl nlllnl Iro-
foTkli: r ,r . ,1 f '»• Upmlug. Tn.ll-
■ - m " k "
^ initial advanee.-iiihert
advance.—Gibert A flay.
Opening
Kant*.
•
-7M
M.irrh
April .
Msy..
June
July *
Angust
J^ptemlker... .
Clean.
7.S0-7JS
7.40-7.65
7.59-7 J6
7.B5-7.9)
7.m-7.7»
beceniher.’.’ ..
Closed steady.
.. V7.W
7.16-7.15
7.0-7.20
7.25-7.30
take the stuff off their hands. Some look
for n decline of 2f!3 polnta In the condition
tomorrow, while others regard It more than
likely that the deterioration will be found
unimportant. Should this latter prove to
lie tnc case, a decline in the market la
to lu* expected. In the meantime, no one
care* to operate eitenotrely.
COTTON SEED OIL MARKET
ea lielng recorded, despite steady prices
nil deliveries. August remained Arm,
1 there waa some bidding for that de-
There waa practically■■
Interest Is also centered In Hepti J
October deliveries. In which there, have
trades, particularly tl
been large trades, particularly the latter.
Stocks were moderate yesterday with near
positions Arm on light offerings.-^Ware it
Iceland.
August
September
October
November
December
January
Cloned steady.
STOCKS REVIEWED
BY NEW YORK SUN
New York, August J.-The New York Hun
saya: In spite of the unset tied feeling
abroad resulting from the disturbances In
Russia, the market here opened with an
all-round advance and notwithstanding n
fair volume of realising retained Its
strength throughout the entire newton.
Successive 1 • of itrragtb ocronrrwl ilnr-
for profit-taking, nook w—Ion, on thla
rauM-4 worn aporollljr rrcorrrrfi. Eroa at
th- -loa-.. th— waa almo«t g-n-ral
.tr-ngtb. although th- minim- of profit-tak
ing lit-th- In.t hour waa lar*-. lawllng
hona-a r»port-1 a larg-r participation on
th- part of th- pnl.ll.- than on anr other
itag for a-r-ral w—ha pait, while the nom-
tier of laqnlrlra r—Ir-d from rott<>f town
lmllcat-1 the nrolmbtlttr of a fnrth-r In
i-rraa- of pultlle Inf-feat. Ignition wn, a
hojrer of atorka In onr mnrke;, rahta.7 a
ronatderabl- amount <tf Steel. Tie tlerlarn-
tlon of a illrH-nd on IWa atocknn.1 the
pnMIeatlon of the anrpriilnglr good atate-
ment of the rorporatlon - a -arnluga for the
Jaly *> tjaarter did non to atlmaUte In-
terwt In the market thaa all .the Othy
news of tht day combined. —Olbert A
Clay.
PRICE CURRENT CROP^ REPORT.
(Ini-lnnatt. Ohio. An*. t-Prlee Current:
fr-e uiirh-tln* of winter wheat Ilaln
damagr unimportant. Spring wheat akpw.
K7*9L**Stl5SSL Corn tnaklna ^5d
piir-J. Irutntltui would Iro helpful, tlata
larf«rt ahowa a «hort and Irregular yield.
Parking 46.*». agalnat
GIBERT & CLAY
'• t ALABAMA BT.
STOCKS. BONDS.
COTTON. CRAIN,
corrcc. pbovisions
ATLANTA. OA.
fc? J*rt fiteek Etrh.ngo.iy-w Orl.auj Colton i:> 1.'nge.i; nir»»o „
k» 9.* ,,on El hnnir Xrw Mmor fit.^k Kark.age.Ifjrrrpool Cnttow A.-ortaOaS
s ” **rk Coffee KehangeJS'n. Orlenaa IS >arj of IraX i.elirelon Cotton Lxrliangs
*■=:«! and Lon # Oiatance TaV.'phVne’wW 'w. R- FAGAN. Maoao.r.
DEALINGS HEAVY
IN SAINT
Sensation of the Morning in
the Stock Market
Early.
SCORED BIG ADVANCE
General Railroad List Some
what Unsettled—Many
Issues Sold Off.
By Private I-onied Wire.
New York, Aug. 2.—The disturbing news
frpni Russia again nerved'to unsettle the
foreign markets this morning. While
there was no great derlTno In Russian se
curities nor heavy liquidation In other parts
of the list, prices were lower. The Bank
of England reported a small shrinkage
the proportion of reserve to ilabllltlea.
and the Rank of France lost 61,500.000 gold
ou the week, nnd these statements contrib
uted somewhat to the uncertain feeling
In financial circles abroad. OuY market,
however, wns ueally very little lnffuenced
by the«o foreign Incidents. It was In
circulated yesterday In connection with the
movements of Individual stocks, and on the
question of whether the general list bad
uot risen enough for the. time belug for
some reaction to Ih» lu order. St. Paul
stock rose again In the early dealings
over 8 'points, strengthening the opinion
the stock was In urgent demand for
— purpose, which, when disclosed, would
, ustlfy a much higher lerel for the shares
In the market. The bnylng for nti ad
vance was resumed In otner parts of the
list during the first hour, but from the
and St. Tnul
at the outset,
leginmug. nnu in me nrst nve minutes or
mslneas had gained 1ft net. touching the
of yesterday MNHPUP
sales this morning kept many Issues some
what reactionary In the first hour. The
m... turned prices upward Tieforo _
'dock. The trading In 8t Paul, how
ever, waa the sensation of the morning.
Healings were extremely heavy and many
heavy trading. It advanced to 188%. Heavy
selling then set in.-but this fn turn was
followed by Irregular nnd somewhat fever
ish recoveries. Reading, was decidedly
Paul nnd the fear of unfavorable market
complications, and many Isanea sold off
•tlonslly.
fractl -
Government bonds unchanged.
Other bonds strong.
LONDON STOCK MARKET.
STOCK—
Anaconda.....
Atchison..
Canadian Pacific
lijc., Mil. and St,.Paul..
UW, HIUWIM
llluols Central
goulivllle nnd Nashville
New York Central..
Pennsylvania
leading,. „ „
Southern Pacific.. .
Union Pacific.
I'liiuii inline,. ,, i. mm
United States Steel. . ,
d»». preferred
COTTON ADVANCED
ON BULL SUPPORT
New York, August 1—The Sun nan:
The small advance In cotton yeaterday
waa duo more than anything elac to tup-
port from the bull leader and bnylng by
•nine shorta, who were rilsnoaed to reduce
their contracts. Contributory Influences,
however, were lietter cablet from Liver
pool than expected, nnd strength In the
spot business, bullish reports from the
Atlantic states, where ham rains were re
ported. nnd buying lyr spot Intersta. The
monthly report of The Journal of Corn-
decline In the condition I „
only 1 per cent, end a private crop re-
,. „*t waa issued by a commission house,
placing the condition at 82.7 per cent on
Jnty 29. against 0.1 on July 16. 68.9 a
month ago, and 75 a year ago. These re
ports were regarded aa bearish, and canoed
some to ralon their guesses on the condl
tlon to be given by the government FM
day. New cotton la beginning to move
more freely. Houston received 281 bales
new cotton. Galveston 4 and Taylor 1. aid
new crop In Texas 16 expected In the near
future. The south sold and the Russian
news was anything bat favorable.
support, and more or lees covering occur-
red, whereupon prices quickly rallied,
(grading spot Intersta bought, and thers
took rtf for until the government report Is
received, and. perhaps, nothing very star
tling wlU occur then."—Olbert ft Clay.
August 2.—The Ttmes-Dfm-
nder the gentle apur of ex
pending Mlef In s bullish bureau, yester
Indicate nosing confidence among scarp
ers on the abort aide. Nobody dug very
deeply Into the logic oT the thing. It Is
hardly possible for the bureau to Indicate
‘ftlon | '
condition • not Justifying encouraging
leld prospects, nor Is It an easy matter
. it bears to prove np grounds for trade
pessimism la tbo trend of European events.
Meanwhile, the weather Is good enough,
the price Is high enough, the farmer and
the spinner are confident enough end tbo
feature, at least, warrants hope of con
tinued prosperity. But tower prices for
„„ again, unless, of ™arae, the bulls
manage to pull off the l**iated crop scare
before the harvest time shall have come
and gone."—Ware .ft Lelaud.
THE LIVE STOCK MARKET.
By Private Leased Wire.
Chicago. Aug. 2.r-Iloga—Estimated re
ceipts today 1MS0. Market dull and steady
to Shade tower* quality fair; left over U.-
sl Kmc,#®? ' m
fed for tomor-
.— .—.—. , j a mixed * 98.1649
i
C.I’llr-fiHlMlM ro—Ipt, Lfiofi. MRrk.t
.ipRdg: qulltr fair: h—t«r !«.*>• row* tic
4 3: krtfrn ILSOiS; -It-r k.K: w„r\
prlu- Bt—ra »*.«; win irj^lnia tLiRCC;
,lnrt<T»RRi| f—il-ra li.kXM.3L
Hh—p—K.rlniat-,1 M.000. Mark-t
* t M*eiS8ll ir f - lr L.
LU; ktuilia
RANGE OF NEW YORK STOCK MARKET
^b-lining
Am. rlran L«*« ..mollvt*...,
do, prvfciri-fil
Amerlcnn Sim-IRng Refining
Atchl
do. preferred...,,
Araerlcuu Cotton 4)||
Baltimore and Ohli
lb ""!• i \ i. It-i|>t<l I’i m 11 — I
Canadian Pacific
< 'I i» • . ■! N - ' i 1 . i " T • in
Chesapeake and Ohio
- i i > l nil sal Iron
*■••*• I r;il I.* ;i t lii-r
do, preferred...
Chicago nnd Orest Wesfera
Chicago, Milwaukee nnd St. Paul
Hclnnan* ni.-l Hudson
HlstMU-ris Securities....»
do, preferrod..
Icncral Electric
Illinois Central
American Ice Securities
1 "Ills, III,. Navfn Cl- . .
Mexican Central i
New York, Ontario* aiVd Westorn.V.
juu, umuuu nnu »» iwiu.......
National Lead.
Northern Pacific
New York Central
Norfolk and Western.
Pennsylvania
Tactile
Reading
Republic Steel
Rock Island
do, preferred
United States Rubber
do, prof erred
Southern Pacific
Southern Railway
do, preferred
Blosa-Sheffleld
Tennessee Coal nnd Iron
Texas nnd Pacific
Union Pacific
United States Steel
do. preferred
Western Union ,
Wabash
do, preferred.........
Wisconsin Centrnt
do, preferred..,
Total stneh islaa today T,3627600 sha res.
NOTES ON GRAIN
Pointers on Provisions.
Chicago, Aug. 1—Wh . _ T __
sellliig by receiving bouses with the
tralllug. A little buying «f wheat
l***!* ^no sold yesterday,
Wheat has had suyh s severe decline,
a rally Is certaluly in order, but do not
look for much of one.
It looks ns if corn and oats would do
better. Home serious complnlnts ou corn
from central Illinois. Would favor buy.
Ing May ~*~*
The ug
The market was steadied by Finley Bar-
roll taklug 250.000 Hec»»mi»cr corn. Outside
of that, very little dolug.
Oata opened a shade higher ou commis
sion house buying. Fro.* selling by re-
celvlng houses mused break. Market now
st-fflilv. Iriuli) ll.hf
■t-ady. Trail, light.
rrovlaion, ojii'i.'1 higher on burlng h,
nnrk-ra nnd cov-rlng hy .hort, with roll
ing a-ntii-ml. Light— Btooka of tirovltlona
tlmu tlgnriKl on »na rnttao of tbo •trrnglh.
rho Uvorpool mnrk.t on grain cloac, at
1 :*t totnororw, Anguit >.
Chicago Intcr-Occan: Oata aro on nn «•
r t ha.la, ami New York aold MO.OOO mlicd
Frojico. Thla waa th, tint aal, r«-
.a on ‘tkAMC *?£?.«??• lilda
closer to the market than exporters hire
known of late, and with, any further de-
cline n good export business fa anticipated.
Russia Is not Offering oats freely, andcrop
and trade conditions there are against a
large movement.
Thorn to a, of The Duluth Commercial
Record, estimates the wheat crop of throe
Including 4.000.000 Mahronl.i * ” -
RANGE OF THE COTTON MARKET
AT NEW YORK.
The follotrlnr la th, ring* In cottoi
future* In New York tolar: ,
Mat l'rartona
Open. High. Low. SjI. Olnw. ('lour.
All*. . i.n 9M 9.97 9.97 9.9A-97 ..9A-97
S(‘|»t. .10.10 10.10 10.M 10.09 10.0H4B 10.12-11
Oct. .10.* 19.27 ».S »aa 10.23-24 10.25-29
Nov 10.2M7 10.27-29
Hoc. .10.* 10.* 10.32 10.23 1032-33 10.31-35
Jnn. .10.* 1040 10.17 10.» 10.17-M 10.M-40
Fob. . .... • .: 1040-43 10.42-44
Mar. ‘.1060 1060 viM lb!«8 1o!47-« 10^6042
Cloned atendg.
AT NEW ORLEAN8.
The following Is the range In cotton
futures In New Orleans today:
Last Previous
Open. Hicb. Low- Sale. Close. Close.
Aug. ,10.48 10.45 10.41 10.11 10.40-42 10.43-49
Sept. .10.29 10.29 10.29 10.24 10.27-28 10.23-21
Oct. .10.21 10.22 10.18 10.19 10.19-30 10.21-22
Nov 10.21-22 10.22-24
Dec. .10.24 10.26 10.22 10.22 10.22-28 10.84-85
Jan. .10.80 10.80 10.28 10.28 10.28-31 10.8&82
Feb 10.35-87 10.17-89
Mar. .10.46 10.46 10.44 19.46 10.4446 10.4646
quiet
TIPS FLASHED
From .Wall Street
Private Wire to Olbert ft Clay.
New York, Aug. 2.—Dsnlcl Odell ft Co.:
"Specialty operations seem to us likely to
Private Wire to Wore ft Lelnnd.
tlona fo be ou the verge of nn upward
movement. The buying baa l»een good dur
ing the past week, according to a special*
1st, who reports accumulation. iA •
The figure of 60 this week for United
8tntes Rubber is being predicted this morn
ing-In prominent Institutions. A million
aire close to the insiders Is going on record
that It la one of the best Industrial pur-
chaws, and ho says It will soon go on a
dividend basis. The earnings fully Justify
~ or 4 per cent.
ate a bullish feeling on Hl Paul. We note
tho circulation of very bullish information
•monsr big bouses. Tne stock Is 116|
tractive foi
* bouaes. The stock la hardly at
for the Individual Investor at pres-
m but the scarcity enables the mn
ent prices, but the scarcity enables tne ma
nipulative element 1o nut It higher. Deals
are persistently hinted. HL Paul a friends
prorement in tbo stock market
remainder of the week, while Issues that
have had sharp straight advances should
have specific riTfHsIdiiM, upon ubb-li tlu-v
should again bo bought, for a turn at
lenst. Wo continue to be conservatively
bullish on the general stock mnrket. but
would not Ignore reasonable returns
bulges."
Stock market started too fast May ro*
The provision trade was surprised at the
•bowing of the monthly stock stateiaunL
HP**, of wrd are 14.0W tierces, and Hus
2,000,000 pounds loss tti\i expected, Lard
stocks liieronsM only 2,7«) tferora of ron-
traet last iiionth, and sliort ribs 4.800.000
r nda. Pork showed practically no change
contract and other nork decreased 5,*
• •* § t0ck ■* o^ ,nMt * decreased
8,000,000 pounds, und are 101.719,000 pounds
compared with 120,708,000 pounds last year.
yesterday was 5,
Lake rates were iJMri«c bid 1^
Instances for corn to Btiffalo. with charters
for 86,000 bushels of corn and 100,000 bushels
of oats.
tors, cash handlers lu central Illinois. MW .-
M by Cummings, unloaded 1A00.Q00 iitisbcls
SLSS^^aato.roay. Thoro was a Hoc of 8,
000,000 liushela. These operators i oar lit
their ooru more than n month »|o lu
tlcli
— 'Ugh drought. Renoi._ .
•hipping stations have confirmed tbelr idea
of cron dumage. but jrood prospects of the
crop elsewhere have offset litffllr* “
tlona.
.Corn came out yesterday through Nash
Wright mid a half dosen brokers. Rnrt-
lett-rrosier bought the greater part of the
ih sales of wheat at Chicago were 115.*
Including 60,000 bushels No. 2 hard,
0 bushels No. J red, the balance be*
Private Wire to Gibcrt & Clay/
Chicago, Aug. 2.—Cobles In wheat are
air fractionally lower. No further sen-
lOomql news from Russia. Prlcua here
likely to open a little higher, hut sco small
•rospects of nuy advance being maintained
n fare of continued movement. Pressure
of corn comes chiefly from the benrd in
nn effort to dislodge country holders. Do
not believe It will succeed, os farmers In
this state bare every reason for bolding
II. Pierce.
ISt begin
"It Will
have to romo to Chi-
■■PuttSt farther.
Marshall. Spader ft Co.: 'The Russian sit
nation looks extremely had. but we cannot
yet believe otherwise than that the gov
ernment will finally control what Is now n
small revolution. The action of the Lon
don market this morning nnd the dccllno
In '■'•ns..Is him > rilli-f-t si mil* iipiindomNbm,
and If this be nlso noted In Paris our mar
ket might easily show some tenderness dur
ing tht day."
strength In Bt Paul believed to be duo to
active covering of abort Interests.
THE METAL MARKET.
London % to % off. consols Ifc off ou
porta of mutiny on Ruaslnn warships. ^
Selling by Ianndon likely, and reactions
can be expected nnd may lie advisable to
wait for them. There Is bullish talk on
Erics, I»nlivlllo and Nashville, Atchison,
Missouri Pacific, and Knty. In fact, think
oil the low priced rails will become more
active and look for good buying In steola
should they work off, but on sharp
There Is talk of a stiff advance In Chein-
•nee of the market with It, as
trices will Incite
In stocks and some Irregular
's and In*
profit-taking In stocks and
Ity. Splendid reports of railroads ai
dustrlnl companies will nave a good effect
(mined!'
ate future.
Dow, Jones ft Co/s summary:
Rank of England rate unchanged.
American stocks In London lower, % to
lUporteJT^S't Russian warships have
utlnled to eld rebels.
Iowa Republicans turned down tariff re-
^Democratic convention at Buffalo Beptem-
Aethm to test stamp law regarding shares
* lesa than lift par value.
. . _ _ bonds on account of hastness di
verted by subway.
Reported some arrangement arrived at
w th holders of Walmsb debentures. _
London market sclllug off ou unsaUafac*
Russian position.
Copper firm, hot unch.
unchanged; closed 44 to H lower.
Corn opened • * ‘
higher; closed
want __
of cheap wheat of Its _
the iifii spring wheat hcglim to niovi* north
west, there will be n decline In Heptcm*
her delivery at Minneapolis to about 2DT3c
below Chicago. The hedging sales wlll'he
made at Minneapolis until that market
gets well below Culcngo. when the hedging
will be done here. The northwest will
hove to remomber that Chicago elevator
people will not pay any premiums this
year for sprtug wheat, as they nlrendy
have their houses well filled with good
winter wheat. Minneapolis will have to
tnke care of her-own wheat/'
BBales of cash grain In Chicago yesterday
£
WHEAT OPENED
FAIRLY STEADY
Started Unchanged But La
ter &old Off Half
a Cent.
PIT CROWD SELLERS
Buying Scattered—Cl o s e
Was Fraction Lower.
Corn Was Up.
By Private Leased Wire.
Chicago, Aug Marl,
steady about unrha
shortly after opening oi
the pit crowd. Buying I
1. bt
t fora broke on heavy selling by
slon houses. The crowd hnd the d
bought on dry weather predictions
was n recovery later ana the close
The
Ish nnd brought In Idg
fact that exporters were
oats and buying f»r Frn
tojtial help. Fort I)
I ns bull-
vhlle the
srket for
Farmers ref me tr »di
do not look for in • n of
til prlcee advance."
Cash sold lower ngnln today, but the lm*
presston prevails that If further decline* ap
pear they will not be extensive.
The packers forced the buying onrlv In
provisions, compelling shorts to cover,
™wtlig advance* nil around with
the < udaliys taking lard. Sentiment l« not
near so bearish nnd it Is p..«odlde that
higher prices will be witnessed.
CHICAGO GRAIN MARKET.
Open. High. Low. Clo*i
at
99 W*
rtillN—
Bopt ,»i.
Dec
.054
«7l{
Mar....
OAT8-
B-pt 81
bte 81S
Mar J3»i
t' 1 .
n
PORK—
Sept.. 18.15
* .. 14.25
ARD-
Hept.. 8.8744
(let..,. 8.75
Jan.... 8.10
HIDES—
Sept... 8.924
Oct.... 8.70
Jan..., 7.66
104
m
i
8.65
8.714
8.10
PRIMARY MOVEMENT.
The following figures p
inoieiu«*nt >>f wheat nnd
Wheat—Receipt* today.
_ . ,239,000 bushels,
ngnlimt 596.000 bushels bint year; shipments
today, 821.000 bushel*, ngnlnst 411,000 bush-
■n—Receipts today 360,noo bushels,
ngnlnst »> bushels Inst year: shlimients
In.v 26,000 liush'ds, ngnlnst 242.000 bushels
lost year.
CHICAGO CAR LOTS.
was 155,000 bushels.
Today. Tomorrow.
SOUTHERN EXCHANGE
Oldest Established Offlco South.
COTTON STOCKS BONDS GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed *• r» np; l»»n
CENTRAL BANK & TRUST CORPORATION,
CAPITAL $500,000.00
If you contemplate opening a new account, or changing your
banking arrangement, and wish to connect youraclf with a strong, ooneerr-
atlve bank, fully equipped to serve you a* your hualnees J usttfleR, w.
Invite you to call and talk the matter over with u*.
Asa O. Candler, President.
W. H. Pstt,r*on, Vlc*-Prseld,nt A. P. Col.,, Cashier.
John 8. Owins, Vio*.Pr#,id,nt. Wm. D. Owens, Asst. Cash lor.
r
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RCrCRCNCC. THE NCAL DANK
RHONE 1417. PfllJOCNTI AL BLOC.
ATLANTA NATIONAL BANK
ATLANTA GA.
C. E. CURRIER, Prooldont. A. E. THORNTON, Vlco-Prooldent
H. T. INMAN, Vleo-Proetdont. OEO. R. DONOVAN, Cashier.
JAMES 8. PLOYO, Ass’t Cashier.
Capital $500,000.90
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO.
COTTON
be MERCHANTS
Atlanta Offices. 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton AstO-
elation, Chicago Board of Trade, New York Cof
fee Exchange. New York Produce Exchange.
Business solicited for the above exchange,.
Direct wire service. Correspondence Invited.
Phones 454, Long Diltance 39. A.S. Hustaco. Mgr.
Frank Ilawkln
H. M. Atklnaon, V. I’.
Joropb A. McCord. CaiMrr.
rcildfot.
ToomaiiC.
R w. T9y*i
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. Calhoun.
Milton Dargsn.
John w7 Orant.
U. Y. McCord.
DIRECTORS!
Frank Hawkins.
II M. Atklf,son.
Jocoph A. McCord.
David Woodward
ware: a l el and
, PROVISIONS, STOCKS, BONDS f
COTTON, GRAIN
No. 2 Wall SI.. Pth
HbrII
Htw YarI fukangt
Ntm Orltaat LwfcNfe.
*' fit it at t Wiret to ht * Toth. Hew Orltaat. Chicago.
Bell Phoor 126 J.
Boild'og. Atlanta, 6a.
Chicago Board ol Trado.
Chicago Stock Etchaoge.
hem i*rk C t.'hiigo.
B. C. COTHBAH. Hanagtt.
Standard Phone 2)6.
WM. L. mu PrrsIdtnL
BOBT. F. MADDOX. VkO^Tt
MADD0X-RUCKER BANKING CO.
CAPITAL $200,900.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT* INVITED
We invite account* of individuals, corporations, banks
nnd bankers and offer the best terms consistent with
conservative banking.
\1