The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 02, 1906, Image 11

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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