Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN. il edited by ( JOSEPH B. LIVELY! THE GEORGIAN’S RECORD OF MARKETS AND FINANCE'S 25 years* experience nrket* In Atlanta and « him a rac* authurltj Id hla specialty. SIl owcd More Favorable Conditions Than Had Been Expected. tarted LIQUIDATION In Last Hour Market Was Semi-Demoralized and Shandy Lower. In*'ion." A uT:' 3-Co t ton. II noon. reporting bo * r< I of ‘he bu- 10f .Utiltlr* of the department of Jralture find* from the reporta of luenta of the bureau that the aver- . condition of cotton on July I* wan i in compered with 83.3 on June 25. • 7»* July 26, 1905; 91.2 at the finding dnte In 1904. and a ten- r nverage of 92.4. : Tork, Ana. Immediately fol- the publication of the crop re- there wan light decline. Price* Idently were autalned from aome urter but bear preaaure quickly aa- nel it.elf and there waa a break of , II points In the new crop montha. ^ report waa better than expected, tomes* was on a fairly large acale consisted mainly of profeaalonal Inga. Room heara seeking to un- ,.r stop orders and the leading bulla mlshlng moat of the aupport. Later is was supplemented by room cover- i ami prlcea rallied several pointa. market at New Orleans dropped ts on the report. .. Influences worked to make jtitlv more active market for cotton tares. The first was an encouraging 1 of cables from the English market; . second a government condition re- rt more favorable than had been ex ited hy the trade. i the better Liverpool, New York rd steady and unchanged to an ad- . of 3 pointa. i the government report there waa » decline, a recovery and then a slump, on the theory that the wernment’s figures indicate a good ter the Issuanee of the report the tet. while hesitating, showed a dla- dmvnward tendency, which gath- force as the session advanced, un- »the last hour, the market waa a of srnil-deinorallxatlon, with declining at a rapid rate, Octo- and December selling under tho or 30 and 34. pointa lower, itlvely. August waa 25 pointa tr, while September showed a de- e of 28 points. was reported that Prlcea were try- to liquidate. Theodore Price snva the figures Indl- a crop of lo,|oo,ooo bales. Superintendent King, of the New fork cotton exchnngo. makes the lotmt brought Into sight for the week IH against 98.193 Inst year, and for i season to date, 10,881,215, against .381.400 last year. 'he dose wns steady, with a re try In progress, final figures show- losses of from 23 to 32 points In t York. ew Orleans sympathised, decided dines showing In the entire llat. IPOT COTTON MARKET. NEWS AND GOSSIP Of tho Fleecy Staple. A SHADE LOWED Private Wire to tilliert & (’lay. New York Aug. 3.—Liverpool at 12 JO p. I "‘r "1*1. ' Vn * ,lu *> unchanged. Llveipool bought some cotton, hut local traders are bolding off pending the la- ■unnee of the government report. I * Internment report ou condition ot „„„ New Yo*rk'time r *’ <, " e “ 12 UMU I Lower Range of Prices from Board of managers of cotton exchango refused petition asking for Dollday either next Saturday or Monday. Will 3 submit, ehnnge In tor fawn permitting lioard to name any day at holiday without aulimlttlug mat ter to vote of the exchange. * The Journal of Pominerco aaya: “Orders coming Into the primary dry goods mar ket give assurance that goods are going to, S&s? .7.5s losses amimutated stocks. Quick shivment Is n frequently used phrase by the buyer, and It 1 trade" 0 * th " t "” J <ll “ llvt ' rj ' ,llv l»lou Of the Nordon offered to hay 10,000 October I {mint* under December. Weld nuil Wilson Inlying cotton. Cnlrert. Tex., wire*: ••The hot and dry weather Is very Ixmeflctat to cotton, and It ta growing and fruiting faat.“ New Orleans, Aug. 3.-Liverpool l©2 up ta 1 miter than ci|ierted. Was df•• -' -•■• unchanged. menngfi under dnte August 1 from I London Influence for Reaction. FRACTIONAL Market Soon Recovered and Some Material Gains Were Later Made. By Prlratt Leased Wire. Vt^rurnlM^u'^e^X I Tork. Aug. 2,-Th. .lock mar- river bottom. There nre some Inti worms, Iket nlsn. hut not enough to erente any alnrnf." morning reflecting Skidmore, Bee county. Texaa. aaya; “ta,. I n,ornIn ff. renecting was again very irregular this divergence yes-1 epeculatlve opinion over th* Immediate Thin | outlook.- Some stocks were very strong tefdiiy, making 139 for the aenaoli _ lirenka the reeonl. being more than has L_j ever been ginned here during July of any an<1 Advanced sharply, while realising roar.” sales were heavy In others. 8t. Paul temT**iioweis 0, ninatly l *eonfiiiell 'to*%xtreme I ro * a "‘fully without ra.um- rnutorn nnd western portions of the Mt. ing yesterday’* movement and while The eastern foreenst Amfirntre VnSSly U " to ? m “ ch mor * V ‘ H - fulr weather tonight mid Saturday. I able In their changes than on previous ciI5r> . ‘‘'S, 1 ’' lo'Heatea partly days. New York Central waa the only cloudy weather for Joxna. with poaalbla _ nA showers today ami tomorrow for the bal- ? n ,® yesterdays regulars to maln- auce of the district. tain Ita advance. Both Reading and Pennsylvania after a further rise at Prtrntc wire to Ware A Inland. the outset, felt the effects of heavy New York, Ang. 8.-I,lrerpool future* profit-taking. The main movement of opened quiet and unchanged. At 12:15 n. the day centered In the stock of the tiliota WSLffe fToin't 5ft* *;*?■ Southern companies. Louisville and uKingSl tS 1 down * U "° ,0 corae Atlantic OoastLIne gaining ground very New York cotton market opened quiet ra P |rt| V- No new reason developed for end steady at about iinehniigiHl price*. No I the strength of this tatter group, outside trade to apeak of, all waiting for Speculative operations seemed mere- «oT*rnatent-r*port. ly to have reached them In the usual 1 Cotton Company, nt ai I •Since our repori miiis have fatten In muny *eetlona of teituip I ‘b accordance with a rather general east Missouri, Arknusas and the uurthern expectation, the stock market opened E nrtlon of the Indian Territory. While this with moat Issues a shade below yes es given rise to «onie apprehension on sc- terday's close. The trading sentiment JUS *br , weed growing entirely too h n favor of a reaction was strengthen- t 11?Inir n, lT; 1^ by the lower range from London. Ilttlo daninge f* reported which can not bn I Northwestern declined a point, tout, as repaired nhould we have more favorable A rule, the losnea were fractional, weather condition* ,luring thin month. The Louisville and Nashville showed ex- outlook for the uplands, In southeast Mis- ceptlonal strength, Union Pacific ! j?? 1 * ‘1 PhrHont*/. cob linns exrelient.. The | point and Atlantic Coast Line and Eli^oSloTi™'" 1 !!Jo"i'ifj Southern Pacific scored a like advance. Should I In *p ,te °f *!>• fact that no sattsfac RANGE OF NEW YORK STOCK MARKET .Vti'lilson Amalgamated Conner......... American Sujrnr ltotluln^ Atlantic Count Line Atmromln American LoromoQft do. prt'ferrcil American Smelting ltcflnlnf * preferred . profi*rrVii*.*.*.*.*..V.r.T.V.V.'.*!!!!!!! American Cotton Oil Hnltlnmre uml Ohio Itmokljru l{n|*bl Transit Canadian l’ncltlo ('Ilienko and Northwestern... Chp»m»«*nKt> nml Ohio Colorado KneJ and Iron Central Leather * do. pri'ferred Chicago ami Great Western Chicago, Milwaukee and 8t. Paul Delaware nml llmlson Distiller's Securities ; Eiit . pn»fi*rrod General Electric Illinois Central American ice securities Louisville nml Nashville Mexican Central... MI shod ti Piuiflc New York. Ontario and western National Lend Northern Pacific..... New York Central. i. Norfolk and Western Pennsylvania Pcopte'a Gat ....ij j Pressed Steel Car do, preferred.., Purine Rail Heading Republic Steel * BockImaud Southern do, preferred Sloss-ShfiriehL. .... Tennesoee Coal and Iron . Texas and Pacific Cnlon Pacific United State* Steel do. preferred Virginia-Carolina Chemical do, preferred Western Union rnbnsh do, preferred Openll!lghflx>w | crseSlbl^'Cl'as! 102^4] 1054141 idani ldSSi"ltfl. 142 US 142 143V» 1434 WW 13TH 1S7V 1 —0 2f>:4 1M NOTES ON GRAIN Pointers on Provisions. 1S4H 1M\I 151\ 117«4 1174 117 t>34 S4 924 Wisconsin Centn dot preferred ^otak stock sates today l,046,t^ share*. Prlva*« Wire to Glhert & Clay. Chicago, Aug. 3.—Wheat Is l»e|.. w qnltp freely for export, but this Is no bull argument, omstdcring our stocks are bound , Increase for the next three months. I^Jptcr wheat farmers are reported aa re fusing to sell ou this decline. Lower prices seem almost a certainty, v The crop lit Illinois Is growing dally. Cash corn Is closely held, f who hold It Intending to sell at ft cancelling their orders. In^baaX* ° 0t * Wi,r fr ° m * b,,y ' .”^*e hear October lard will sell very much B her. ecortf-Herald: "September pork Is eor- nered worse than July wos,'' snbl roker Well. “Anybody la foolish to get short of the market. In Ian! It Is different. On ac count of U» high prices a great maay p j»le^ have quit using lard and are- aubi £%«««“■•' Ssaboard sales were 110,000 wheat, 2*000 corn and *1,000 oats. II«g.-£hfc»go 12,020, Omiha 9,000, Knnsna City 10,000. The evident ehnnge of policy on the part of the Armour concern Is quite a help to tho grain receipt* here. A year ago, when the speculative idea was a large part of the grain trade of tha Armour house every ef fort was nut forth to prevent the plllni up of a stock of whent here. No— **■- tho merchandising and warehousing ,| the business la being given attention, the effect la aeen In enornlona nrrlvnla from all along the line where the Armour company hat an Influence. The competition la also n attmnlnnt to action ou the part of the other big concerns, this market getting the benefit of much Influential and Intelligent MARKET FOR WHEAT COMES WEAK Deelined Over Half Cent in the First Five Min utes. CROP ACCOUNTS GOOD Unsettled Political Situa tion in Russia Was an Influence. h«M who iHtuxht jTMtar- RANGE OF THE’ COTTON MARKET AT NEW YORK. Hept. .10.11 10.11 Close. 1.72-76 9.16-97 9.K2-K4 lO.Oft-tt •lnrlnx August nml Ssptomls'r. Ii to obtained In regard While our to the supposed pending railroad de- ten finys velopments, the market continued ..... . secoun11 strong after the opening day and aome * 1 1 tin* rnlns tve hare tin it, *, do not now I further material aalna were mail* in ,1 title,tain ii.,, i nnr ,„.,.-ei, u .„t win l— ei. I runner material gaina were mmr in the first ho Jr. • St. Paul advanced to 188 2-4 and Union Pacific made a gain SITUATION REVIEWED |?e„\?;f-.cfMv V .*n^ an Sth.7.tt?i2 RV c, T) TrTJTr.VAT AfJ made gains ranging from email free ... . "t Y‘ . . Uona to a polnL but heavy selling ord Nee* York, Aug. 2.—A review of the ers were In the market and the supply «!i^ n ih,™^ , o5in'if,rn ra0 ihL-Hii , ’ g .lii lr „i n t of Stocks was so large that buying old The following le the. rtnice la eetlet futures lu Near York t'dav. 1:8 » Oct. .10.26 10.27 9.03 ».M Nov. .10.14 10.14 1<U| Dec. .10.11 10.“ Jan. .10.3S 10. Msr! jolts 12:50 iau iasS 1 iauj-M io.«-u Cloud steady. TIPS FLASHED From Wall StroeL AT NEW ORLEANS, -Th. following I. th* rang, la cotton future. In Now Orleans today: Open. Rich, law- go's. Clnu.^fiw* Ang. .10.40 nut 10.16 10.17 10.00 10.404. £t: :i« H W ‘1:8 & W Soy .... 9.91-9" Dec. .10.22 10.H 9.94 9.94 9.924 Jay. .10.28 10.90 9.99 10.01 9.191 Mar. .10.42 l6!47 1(U4 lO.ii 10!l4-l Closed baraly steady. t a lH*vn llttie buying by iocata. “No algn any hedging aalea of conaaquenca. Un dertone not atrong. Oata opened jitcndy with trade light. Borne Wf.W 1 " mn * b)f ,,,n S l'rovhlnna higher. Hborta buying lard and ba. Hailing by thoau JLnS'iTy CSi quit. chiresn InterOeeen; know's eroii re tort estlnmtes the wlioat erop st 776.0)0,000 nishels of which IM.OOl.Oto sro winter 276.000,000 spring. The corn erop Is estimated st 2,700,000.000 bushels, sort pete 875,000,000 bushel*, ill; report for July II insk.a the condition of corn 88, sgslnat 85.6 last month.' The Im provement Is uniform over ths helt, au< I* the result or July rnlnf.ll and good tennierntaroa. This Indicates . erop poeri- blllty but s trifle lielow tho harvest of last year. _ Th. condition of o.U, when_ Ji.rve.trsl, By Print. Leased Wire. Chicago, Aug. I.—The marketa on the board of trade closed as tame aa a pet dove and without a redeeming fea ture. Reeling epote showed wheat 1-2 © l-4c lower, corn 1-le up to l-8c ofr, note l-l©t-4e better and provisions 5 ©25c hlghsr. Cash sales were rather slow at 60,- 000 bushels wheat, 90,000 corn and 120,000 bushels oats, 11 loads wheat, 7 loade corn-and 176,000 bushels oats at the seaboard. Primary recelpta of wheat 1,128,000 buahela and corn 357,000 hunhels, against 75,000 and 549,000 bushela re spectively a year ago. Clearances for the day 258,000 buah ela wheat, 101,000 buahela corn And 1,600 buehela oata. CHICAGO GRAIN MARKET. le given at 81, against 1 82. 1 few threshing returna Open. TV II HAT— Hept.... 7344 Dec 76*4 fe- 8 * *&t*- <7 * Mapt 31 * ss IM t-1 8 p 60 .7 on July L recalvuu >hi ' Private Wire to Gllwrt &-Clay. go iiiiii'. ii.in uinuu ucviucu irtwri'iw, imu i — : . .. . , _ . -_ . flint there has rarely been anch n favorable awamped for the time, and continued fwitBoMi n« baa prevailed from planting up offer* caused reactions on wnlcn prac- to this time. tlc&Uy all th© early trains were lost. If the bureau records the coreret con- Liondon bought some Union Paclfle and •lltloua today, there will l>e n material de- vein nt nnenlnr but latar turned cllno lit conditions for North Carelinn. •*rV5dln« nurSale* hv Honth CnrolIim and Georgia. This decline sed,ng P urcnaaea & y will l»e Indicative of tbc nttltude of mind I about 10,000 shares, of correswndcnts as the r»**ult of eontluueil I Government bonds unchanged. Oth* rnln. It Is uot necessarily a permanent er bonds firm, deterioration, for with favorable weather ( _ during the month of August this part of LONDON STOCK MARKET, the country Is likely to produce a* large 1 Lor,uun «>*vur\ n crop na last year, and many part* of North Carolina, Month Carolina and Gear-, gin produced more cottou last year than I HTOCK— they did In 1904. . , I Amalgamated Copi>er.. .. The condition* In Texas have l»een rao«t Ann ,.,‘ m i. .. « I I. tk. ,..f .1 ..... I ■ Saw York, ijulot nt Katmrt Too, ■ N>w Orleans, quiet 104e, ■ Urrrpoo., eti-mly at 5.Wii. ■ MTinnnh. quiet nt 10 S-I8o. ■ It. I/tula, quiet at 1014c, i TnniK lunv in© wuuiuuu* j Krle . ». .. .. exim'tnllnu at e rsty large cron, bat In j|i|„o| a rciritnl. . . reviewing tho cotton .Itiinllnn throughout ixufisvIUe snrt Nash the world we muet not l» too much Ini- y n y nr g rentrnl. . B resw.1 hy the promise of a Urge .apply, ivn.ylvnnln. .... ...... y tho Brat of Bepteinher. we will Bare I Reiidlng.. eoii.uiued pr.etlc.IIy all the crop of 19(5.1 Houlliern {•aelfic.. nml the comlltlon of the dry good* trade I imton Pnelfle.. j Liverpool cotton market. |Urwjwv|l. Ang. 3. 12:1S p. m.— Cotton, .pot ; steady; middling uplands .71 50,in : American 1.800; epeeuln- '-‘nort 601); recelpta 2,000; Ameri- . favorable that the early Unlte.1 BteteeRtcei:.7.." of new cotton, however large, will l>e ,{„ nreferred eagerly Ixmght, and from present ludlca- ■ “ ■■ — L*onllng to our Information, and we would not neglect reasonable returns on tho bulges, observing the general rule of buying on recession*, specific or geueral, conunen- •urnte with advances, keeping In mind tho fact that the list hn* adranced from 10 to 20 (mints, and that the reeelpt of favors- t de new* of a pronounced character would ie a great temptation for manipulator* to unload n good line of atock. itartlruUrtylf the public Interest Is mnlutslned slid In creased, as at present. It would not lie surprising to see stocks drop off n little any time uow, ns they have been going tin pretty .fast. There ha* been good buying of Loulavlll* and Naahvllle and Atlantic Coast Line ou thl* reaction. We like liotb. New York, Aug. I.—There la an upward move In Southern railway, and it la p<mal- hie that Morgan Interests will put It high- or, thereby running other low prices WAS TAME AFAIR Clone. Itange, ....6.71-6.72 6.72 - .6.65-6.M 6.68 ...MA5.6I 6.61-6.62 • • • .6-66 6.66 —6.67-6.66 6.68 • . 6,67-5.68 6,68 . '.-March. . isrch-Aprll. . .fril Mny. . . Clow.1 stonily. .5.59 Previous Clone. 6.70-5.71 Bp* 5.67 6.1641.57 6.6641.67 6.66 6.69-6.60 5.61- 6.62 5.62- 6.63 tlons nt good prices. oXIS* „;3 ,,, 5„,rh M wT x oii7. , ' n . B nd ,, T^ COTTON MARKET t'aroitnn. the *ta|ile promise, to Ik- excel lent. and n good article ehould command •fhe 1 'faetors In the market ere ao even-1 v v k . »_The Him mv.- The In war^for tile" Axob'iSm* cotton market wne ii very email nmj tame Thc' hnrcnu report’.hould be about A “rtSin'g^lta* h Tho weather 1 la^ho "*'* f%, ln .tK. J, '. , ?"^5MSl« wni l5vora!!le and th.“ ire. morTor' tertsl effect on prices. Cnariea V. | ||q„|,j n ti on on the ova of the gov ernment monthly report to be announced , tinlnr. Then, too, Liverpool waa dlsnp- TODAY’S PORT RECEIPT8. | pointing, the si>ot sales there decreased rail*, slk 9, klltl inn m iiiiii »l iho enivy iinint ■ Iswk for a break In the hlgk-pri U.uca today. Dow. Jon«a * Co.’s summery: American stock. In London Irregular, mostly lielow parity. . Ilii.sl.n lioml. weak In London, but gea- oral market-firmer. . fit. Louis Bouthwestern earned 4.2 per eeut on preferrwl stork In tlwwl year. Crop report, eontlnne favorable, loan crowd Indicate, brer account con- ■Iderahly reduced. m , , nsalhie erop of 300,000,000 buahela oi i"t wheat thla year, ley abroad tending easier. ....jams Imnd pr * - tluenee lunik st.t) tndajj. The folloirleg table .how. recelpta et the I Ihe’sHiliherh spot ’mirket. were cinli. the pert, todny, compared with the same day receipt, of new cotton nt Houston were leet year: Illieral ami e larger movement In the eouth- west la expected In the near future, while ■ompariion of Cotton Condition interior movement. .'"J' 1 - " ho,r * recelpta nt the dey lnit rror" r- , ' ,J,u| ' nrwl w,tl ‘ u ‘* 1906 U06 | New Orleans Galveston Mobile Savannah. . . Charleston Wilmington Norfolk Baltimore. Iloa toil Philadelphia „. Brunswick • • Newport News Han Francisco. .... Port Townsend 141 1189 361 1100 42 371 126 11 3 1923 I S3 "B 3231 tr | 363 310 | Total 9911 16812 — _ hrerlah iBlaence. Yet, the hull cent, leader xnve support st times, and this, with a certain amount of covering, lire- I vented nny marked decline. At one tune. In fact, the market wn. slightly higher than at the clone . tlovrrnmrnt cotton report comre today at o'clock. Minnesota state railroad eommlMlnn or der. tlreat Northern to produce It. lKsjke, Further revolt on llnaelnn werahlp. re- ’’’Twelve lednetriele declined .36 per cent. Twenty active rallruada advanced .42 per unto rally Ing. Reside., further rnln. i Georgia and the Cernllnna, ng n preetpltntion of over nd tt r ~ - 1 - STOCKS REVIEWED BY NEW YORK SUN New York. Aug. 5.-Tbe New York Hun my.: “At the opening yesterday, price. h i rule .bowed n small reremlon front Wednesday's Hrelng Bgnree. the^rinrlpal there ti a fear among exeehtlon. Itelng rhewpreke anal t min, ' ' ■ - Uemllng end fit I-ael, which wren frac- ttonally higher. The last named stock at of an erenlug-np eharaeter. (Ineeeea on the ■. _ • -•' way from 72 i ntsmt S3. If the market leader, rising ■ ' w mini inVerret.." The .freiigth 1SV d nt within*the llrit f.w minute, odheavy ring, which came l.rgi the report skooL.. - - only lie n repetition of whnt ha. happened . In other reason., when ever/lssty In the For July 1906, With Previous Year* »««• «“ « “»**■~ an,m 1 **■ .... .. 3.—Til© Tlmra-Drmo- . .me YretHrilny'* «»tton market re- fli'Ot»Ml the r2»iu|>|pfe |.riq>anitlon of the Ik*. »? '-rd of the department of agriculture nutke. th. July condl- .""'/T' .{ITul.^ive" l„teAT .mln« radey” The t,gn>Li». ?*, r n, “» cr «P *2.9. . government ern{> I'omlitlnn report, and In — w n * table gtrea the .vnulltton hr stntea. with eomperteon.. ! rntirequcnre tranreetlona ami the price floe- tuetlona were Inalguldcaht. f'rop news of a fevorahle eharaeter i-onrinned to come In: from western j. peal exerted wide effect, hut nt the end of tho llret hour a sharp reaction ocenrred In the gen eral market, and although mlmeqnently there were numerous exhibition, of strength at different time. In v.rloo. part, of the llet. there w.e lee* .{Hditanelty about the movement* thnn on other ilnye etnee the rtre alerted. Htrength In one etoek or ' i wne evelled of to take prof- ... and In many Inetenere (Imnt the only effect of the upward morement. wee to drlve'tn e portion of the outatand- lug ehort Interret. Amerlren etoeke were rather heavy In the I guidon market pro- Therefore, pending ehengre In the «ltn*tlon have hung fire until the government'* erop eondlhdn gneee »hsll have become peldle property. Meanwhile new crop long, are , counting on some deterioration during July and on aome high temperature, during thl. month. Short, sre popularly snppnred to . lie rnnntlnx on ell rerl. of probable end lm- protielde thlngx—Ware h Mend. THE METAL MARKET. of the Itnaalnn attnatlnu. the hoada of that K vernment differing e decline on the Iced- t egchengre. The kaffir etoeke were heavy. No change we. made hy the Bank of England In Its rate of dlrennnt, bet the etatement of condition wee n rather l>oor one.*'—Glhert k Clay. L. J. ANDERSON A CO.’S DAILY COTTON LETTER. New York, Aug. 3.—Another standoff so f»r a. the government cendltlnn report . we. concerned. The hall, claiming bullish thrrehlng .how. .that tlon figure, have Indicated. I. likely to fall lielow k?5,(■:«),on. Spring wheat rendition ha. declined slightly during th. month, now standing st A.2, ngnln.t 21.4 on July 1. TI ' ‘ ■ I* mainly In th# Dakota*, el spread of red rust and fnlltir.HB ■■ to prialue. vigorously hate tended to ra- due. previous expectations, ■ Mlteturn. revering winter wheat threahlnl ... ■■■■■■MMIRMpPlPdiirlnff tha sanson ha* lnnlcat«l hasry ylrbli. butj KfKM- Hapt... 18.80 mm SIDES— 14.18 14.90 Hr if ii H ii na ' up to fiats rersal rxtraordlaary, rlslfi ovsr tbs freatsr p*rt of 1 Th© cour*s of cnttfiltlon report* fin -n*on ha* infilcitsfi hssrjr ylf n»*hlnit show* thnt all ©xpsotntlnn* vs bren sxessfisfi. Rsturns to fiats show rats of nearly 17 Imihsls oar acre, and bulls to please them*very much and a If Istsr returns shall gMlntaln^ preitnt flu- - — —*• urea a crop of alHtut 600.000,000 will be se cured with tho quality very blab. King, of Toledo, wired tne Missouri August report on corn, giving tbs com) • tlon 83, last month M, a rear ago 97, ind n crop of 946,000,000 bushels by stats report. Wheat crop hotter than estimated. Yield per sere 16.4, ‘ * " “ * ‘ CHICAGO CAR LOT8. Wheat.. Corn.. , Oats.. . IfOfS.e Today. Tomorro* ne market dropping off al»oat 9 pointa. The report ah»w<Ml a comlltlon of 62.9 1 has been offset by the ■<2 itiifArtf iitr fiiKurr firirw. In summing It up. ths trade Is about ai for at sea ss before, and the future con of prices will depend principally upon ports from the belt during August. the comlltlon of corn. Only eleven rc|>ort fair to poor, and nil tha reit say pros pect Is good to excellent. Ited portions of Ksna fully 10 per cent Kent. There ere Urn- ims which need rain, of the state has am- nd ths GIBERT & CLAY’S DAILY COTTON LETTER. New Orleans, Aug. t.—In Liverpool optlona steadied up before the cloaa In coniequence ot aoma abort covering, final prlcea being 1 to 2 pointa higher. Spot aalea 6,000 reduced 1 point. Thera waa nothing to characterise the early morning trading of tha local market, but tha dull monotony ao long exist ing. When tha govarnmant'a condition figure, for July became known there Immediately eat In a general nailing movement, which, after conaldcrable loss In values, waa only checked throogh the reaching of Order limits satisfactory to shorts. Aa far as tha figures themselves are concerned, namely, 62.0, they are fairly aatlafac- tory, although In the detailed report both Mississippi and Louisiana are practically tha same aa last month, wharaaa private advlcaa have lad tha trade to believe that an unmistakable Improvement had occurred In these sections. This Is only mentioned ilng as showing tha extrema < _ atlem of the government, end that possibly a very much better condition actually exists than the report would Indicate. The temper of the trade la euch that unleaa a crop scare should occur It Is more than likely prices will seek lower levels.than those now exist ing. 'requcncy of rains durlnx July Ire that tk* reason will continue to supply ample prclpltatlou to prodace a Urge crop • corn. . COFFEE MARKET! Following I. th* r.ug. and cIom ot New 1 market to' LIVERPOOL GRAIN MARKET, Wheat opened onchnngcd; 1:30 p. m , H >wer: cloMd unchanged (.'ora opened unchanged; 1:39 p, m., un changed; cloned unchanged. PRIMARY MOVEMENT. The following figures give .the primary movement of wheat and corn: Wheat Receipt* today 1.118.000 hnsbcls, r shrill list yrerj shipment* sis, against 432,ooj bushoia lift ytar, Whwit—fUralpta U snlost m.m bksbsl briny fTOittO bushels, last year. Corn—Iteralpts today 117,000 last ysar. *•1111) sbris, Ooj btiahels NORTHWEST (JARSl Ths following fiaurvs give th« northwafl t;ir* toijuy, bmt nml ln*t v«»ar: I.ANt TcSSt Today. Wrak. Y**nr. Mlnnrnpolls. ...... ir/. 132 1ST Duluth 17 47 8 COTTON SEED OIL MARKET. ! Jscsmbsr, Admire! Win Arid Bfott Brhlay experts shortly to settl* In Baltimore, and will make that city his permanent home. February holda the record *■ the month ..I which moat children are born: June as that In which there are fewest birth*. Walter RiTar* Landor, *n Rnglliih an- tbor, would throw the dlflhcs nlmut the tmm, J• — * to rrllfv,' hih nii'iitnl tfiitlon hat when he t<e»ae«! the house’ where wrote “Vanity Fair." New York, Aug. 3 —Cotton need oil main tained a atcndy position y©ntcrdny. a* both Idea were IntercutM In development* as he new crop nnd the ponalli|e Influent-* Heptember nml October through the movement of new oil. It la evident that there will be an unuauallv early movement In need, owing to the liberal reeelpt* of cotton for Autfust from the ftnnth. Thl* rtlcular situation la being watched elo*#. „ by operatora. The Ntrona i»o*tttoa as sumed by lard yesterday had some effect on oil. It la einected that the Korernment report on cot Ion will also have some ef fect on oplidona regarding the fall mofitha. 1’rleea at th* rloao yeaterday wore some what lower, but there waa no Intereet man* Ift Hted on tho part of buyer*.—Ware St !*•> land. Opening lUnge. Close. 1m■!.. ,2 •• •• .. .. uiyvnM Heptember 27<Mf7% October 34>KrS4< Voltaire, the French author, never began *i day's work without sharpening an even govern her. I 'angary., ii 91VUM2 31 6%\\ 31 ^2114 31 4731% 31 Hales 700 October nt Closed steady. SOUTHERN EXCHANGE Oldest Established Office South. COTTOU—STOCKS BOHDS GRAIN Ground Floor Oould Building. Dally market tetter nnd market manual mailed on application. THE 8UOAR MARKET. % Private losred Wire. gar steady end nncturapd. market steady; August 8# 9%d, Mcptembcr 8s W«d. GIBERT & CLAY - ALABAMA 8T. STOCKS, BONDS, COTTON. CRAIN. COFFEE. PROVISIONS ATLANTA. OA. ' per pound In simt and nenrtiy drilverie*; tnrout ImproviNt In proportion. Copper rnWMl film, but tmehnnged. I*ead and spelter were unsteady. The great Uck telescope reveals atsra so far distant that It would require JifiOD of L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN ComspondeBt’s Capital 1250,000 REFERENCE, THE NEAL RANK PHONE MIT. PRUOENTIAL BLDG LOWRV NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers' Letters of Credit available in ail parts of the world. : liilvnittt. Cotton Exckaug. Lera! .-j ■ Private Wire* to nil Bxchtngee. , u .. *** L«nfl Distance Telephone 5298. W. R. FAGAN, Menener. llaron Tekakl my* four fiftba of the Jop- tra Uik. 0ri«**x cottonVgra:^, ^rovisionS.Htocks^Ibonds, ffs. 2 Wall SI., filers Binding, Alhata, Ca. SSMKMSt few Y,r» C.ff*o lK»«je. «lc.„ g,.rj ,1 Trale. >,» Oilll.l C*«** f'<»."«*. CM:,,. ll,<t fukre,,. . . •—i fri - Llrrrpeol Colt— Mssoelailaa. Frliale Wirt* to Maw York, Mew Orleaas, Chicago, ten Phooe 120. Mew fork Collet iitkaigo. Standard FtioieJM. WM. L* PEEL. President ROBT. F. MADDOX. Vlcs-Pres. TIIOS. J. PEEPLES. Cashier. JAB. O. LEHTKIk, Ass't Cashier. MADD0X-RUCKER BANKING CO. rAPITAI .... S200 000 M SURPLUS AND PROFITS .... $500’000.'00 ACCOUNT. INVITKD We invite accounts of individuals, corporations, banks | nnd bankers and offer the best terms consistent witli conservative banking. In our Savings Department we allow Interest at the Rate of 3 1-1 per cent. Compounded Semi-Annually.