The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 03, 1906, Image 11

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THE ATLANTA GEORGIAN. MltlRAI, AUtJLrr edited BY r JOSEPH B. LIVELY THE GEORGIAN’S RECORD OF MARKETS AND FINANCE )|I!1;Ih1 It Showed More Favorable Conditions Than Had Been Expected. started LIQUIDATION In Last Hour Market Was Semi-Demoralized and Sharply Lower. Rr Private Leased Wire. Washington. Aug 3—Cotton, 13 noon. -.The crop reporting board of the bu reau of etatlstlca of the department of ifrfculture find* from the reports of the agents of the bureau that the aver age condition of cotton on July 25 was ti 9 as compared with 83.3 on June 25, 19OS 79.9. July 25, 1905; 91.6 at the correspond I ng date In 1904, and a ten- year average of 82.4. New York, Aug. 3.—Immediately fol lowing the publication of the crop re port there was light decline. Prices evidently were sutalned from some quarter, but bear pressure quickly as- itrted Itself and there was a break of 7 to 13 points In the new crop months. The report was better than expected. Business was on a fairly large scale end consisted mainly of professional dealings. Room bears seeking to un cover stop orders and the leading bulls furnishing most of the support. Later this was supplemented by room cover ing and prices rallied several points. The market at New Orleans dropped I points on the report. Two Influences worked to make a slightly more active market for cotton futures. The first was an encouraging set of cables from the English market; the second a government condition re port more favorable than had been ex pected by the trade. on the better Liverpool, New York opened steady and unchanged to an ad vance of 3 points. , On the government report there was a slow decline, a recovery and then a •harp slump, on the theory that the government's figures Indicate a good crop. After the Issuance of the report the market, while hesitating, showed a dis tinct downward tendency, which gath ered force as the session advanced, un til. In the last hour, the market waa a state of semi-demoralisation, with prices declining nt a rapid rate, Octo ber nnd December selling under tho JOc mark, or 30 and 34 ppints lower, respectively. August was' 25 points lower, while September showed a de cline of 28 points. It was reported that Prices were try ing to liquidate. Theodore Price save the figures Indi cate a crop of 10,900,000 bales. Superintendent King, of the New York cotton exchange, makes the amount brought Into sight for the week 59,593. against 98,198 last year, and for the reason to date, 10,881,21$, against 13.381.60!) Inst year. The close was steady, with a re covery in progress, final figures show ing losses of from 23 to 32 points in New York. New Orleans sympathized, decided declines showing In the entire list. NEWS AND GOSSIP OI the Floecy Staple. Private Wire to Glhert * Clay. •< Aue - i.-' L, I er n°° l ft 18:30 p. ■j **• 1©H4 up. \Va. due unchanged. Uverpool bought some rotton, but I oral trader, are holillng off pending the la- iunnra of the government report. Government report on condition of crop ftfrisris *■ <,o# “ 12 “»» U K Xt or Monday. Will 9 submit change In by fawn permitting boar,! to name •uy day as hollduy without submitting mat- ter to vote of the exchange. The Journal of Commerce says: “Order* coming Info the primary dry goods mar ket give assurance that good* are going to the consumer very fast, and are not lndag purchased for the purpose of ampllfrir* accumulated stocks. Quick shipment Is frequently used phrase by the buyer, nud It yervudes the early delivery division of the * vri, wires: -me not and dry weather Is very beneficial to cotton, aud It Is growing and fruiting fast.” . Now Orleans, Aug. 3.— Uverpool 11x2 _rlenns, Aug. ST—Liverpool np I, bettor than eipoctcd. \Vaa duo about unchanged. A message under date August 1 from Ennis, Tex., says: “A farmer In the Brta- - ountry said here today that boll wee- nro ruining cotton In the Trinity — bottom. There are some Ml wor~- nlso, but not enough to create any alarm Skidmore, Bee county, Texas, snys: " cnl gin turned out twenty-ulne bales yei terday. making 139 for the season. Thl breaks the record, being more than has year. s me record, nemg more than has been ginned here during July of any Another favorable map with widely scat- The weather, however. Is generally dear. Indicates g .-.light and Haturdnj The westren of recast Indicates partly cloudy weather for Texas, with possible showers today and tomorrow for the bal ance of the district. futures nud unchanged. At Jp. nnd steady. BaL„ Spots, 1 down to &.96d. Futures due to come unchanged to 1 down. New York cotton market opened quiet nnd steady at aliont unchanged prices. No outside trade to speak of, all waiting for government rejiort. I«e*enr Goldninn Cotton Compniii Konls, writes.*' “Since our report w . „„ 25th. oar advices show that quite heavy rains have fallen In many sections of south east Missouri, Arkansas and the northern “ortlon- of the Indian Territory. While this ns given rise to some apprehension on ac count of the weed growing entirely too much to atnlk In the Mtoiu lands, nud also that grass Is gaining headway, so far very little dnninge Is reported which can not be repaired should we hare tnoro favorable anther rotidlttotia (taring tit lit month. The er the territory nnined. unless wp have decidedly ndverse weAthcr conditions during August nnd Septemlier. While terltory had n good start, nnd was ten to 4wo weeks ahead of last year, on acconnt of the rains’ we have had, we do not now anttepate that our movement will be much If any earlier than Inst SITUATION REVIEWED BY. 0. D. FREEMAN, SPOT COTTON MARKET. Atlanta, steady nt lM4e. Nmv York, quiet nt 10.90c; delivered on wetrnpt Too. Nmv Orleans, quiet st 10Uc. urerpool, steady st 5.9*1, savannah, quiet nt BHMCe. Bt. T.ouls. quiet at 10%i?. LIVERPOOL COTTON MARKET. Lherpool. Aug. 3, 12:15 p. m.—Cotton, spot Futures opened steady. opening Previous . t Rasge. Cfose. Close. Augost. 5.71-8.72 5.72 5.70-5.71 nS-ShT 1 ** 5*?H*« . 5644.65 that there has rarely been such n favorable season as ha * *' to this time. If the bureau records the corerct con dltfous today, there will be n material de cline In conditions for North Carolina, Mouth Carolina and Georgia. This decline ,wlll lie Indicative of the attitude of mind of correspondents as the result of continued rain. It la not npreasarll? a immanent deterioration, for with favorable weother during the mouth of August this part of the country Is likely to produce as large n crop ns Inst year, and umuy parts of North Carolina, Mouth Carollun and Geor gia produced more cotton last year than they did In 1904. The conditions In Texas has© been most favorable, nnd the bureau should show sev eral imlnts increase, with similar * - *-*- 1 and the TerrltorL- coudltlons Justify the . bur ~ ig the cotton smmiion mrougl the worm we must not l»e too much — pressed by the protplse of s large supply, lly the first of September,awe will have coiiHUiued practically all the crop of 1906, and tho condition of the dry goods trade Is so favorable that the early movement of new eottou, however large, will bf eagerly Isnight, nnd from present ludlca Hons nt good prices. In the entire are*, excepting possibly corgln sad North Carolina and Mouth Nov.-Dec. h«*.4sn. . , . Jsn.-Feh. . . . $>1».-March. . . Mnrrh April. . . Anrll-Msy. . . . Closed steady. ....5.57-5.58 5.58 .V.5.57-5.68 5.58 . . .5.51 5.59 *. .5.42-5.63 5!53 ... 5.64 5.56- 5.57 5.56- 6.57 5.58 5.50-5.60 5.61- 5.62 5.62- 6.63 INTERIOR MOVEMENT. ! 0, ! nw,n » allows receipts nt the ’‘V* 1 '" to,,n F* rompnred with the ” m<> any last year: Augusta. . Mnitphls. . 8t. Dml*. Cincinnati. .S Gcorsln Carolina, mo rr lent, nnd n good article should command " firfRlori In the market are no even |y linlanced Hint there ts little Inducement to trade either way for the time Mug. The bureau report should ne n limit 81, nud, In my Judgment, will lie without mn- terfnl effect on prices.—Charles L». Free- man. TODAY’S PORT RECEIPTS. The following table shows receipts at the ports today, compared with the same day Mobile Savannah. . . . Charleston. . . . Wilmington. . . Norfolk Baltimore. . . . Boston. . . . . Philadelphia. . . Brunswick. . . . Newport News. . Man Francisco. . Tort Townsend. ’"fotnl Comparison of Cotton Condition For July 1906, With Previous Years tin,I*: rr-’P <*PSr»*»» ltn.nl of th* department wf agriculture moke* the July condl- rl' r I h r. growing cotton crop 82.9. . rh “ following table.gives the condition by states, with comparisons: Rrginln,. .. „ ;" r Jh Carolina.. Carolina w.rjjla [Jortila Bahama ” ” BiMiwjpp 1 -. .. ;; ;; r'Ulilaaa [via* ** * Klausas.. Territory!! 0H«1 States.. .. SK IS!' A SHADE LOWER Lower Range of Prices from London Influence for Reaotion. LOSSES FRACTIONAL Market Soon Recovered and Some Material Gains Were Later Made. By Print. Leased Win. New York, Aug. I.—The stock mar. ket was again vary Irregular, this morning, reflecting a divergence speculative opinion over the Immediate outlook. Some stocks were very strong add advanced sharply, whlls realizing sales were heavy In others. St. Paul rose and fell fltfully without return ing yesterday's movement and while Union Paclftc were much more vari able In their changes than on previous days. New York Central was the only one of yestsYday's regulars to main tain Its advance. Both Reading and Pennsylvania, after a further rise at the outset, felt the effects of heavy profit-taking. The main movement of the day centered In the stock of the Southern companies, Louisville and Atlantic CoastLIne gaining ground very rapidly. No new reason developed for the strength of this latter group. Speculative operations seemed mere, ly to have reached them In the usual course of shifting from one quarter of the market to another. In accordance with a rather general expectation, the stock market opened with most Issues n shade below yes terday's close. The trading sentiment In favor of a reaction was strengthen ed by the lower range from London. Northwestern declined a point, but. as a rule, the losses were fractional. Louisville and Nashville showed ex ceptlonal strength, Union Pnclflc point and Atlantic Coast Line and Southern Pacific scored a like advance. In spite of the fact that no satisfac tory news Is to obtained In regard to the supposed pending railroad de velopments, the market continue!) strong after the opening day and some further material gains were mmV-> In the first hour. 8t. Paul advanced to 188 8-4 and Union Pacific made a gain of 13-8. Penrtsylvanla and New York Central scored advance*. Other stocks made gains ranging from small frac lions to a point, but heavy selling on) era were in the market and the supply of stocks was so large thst buying ord ers at the advance were practically swamped for the time, and continued offers caused reactions on which prac- tlcally all the early gains webs lost. I^jndon bought some Union Pacific and Erie at the opening, but later turned seller, the sale exceeding purehaxes by about 10,000 shares, .Government bonds unchanged. £)th- R^NGE OF NEW YORK STOCK MARKET ciJBTSS Ama lira inn t M Conpur American Sugar Heflulug Atlantic Coast Line Aunoonda * American Loromotlre do, preferred American Smelting Beflnlng d<\ preferred Atchison do. preferred..... American Cotton Oil Baltimore and Ohio Brooklyn Rapid Trsuslt rhcMt/ieaka ami Ohio Colorado Fuel ana Iron....* Central Leather do, preferred..*. Chicago nnd Great Western Chicago, Milwaukee and St. Paul Delaware and Hudson.... Distiller's Securities do, ’ p^W^V.V.V.V.V.V/.V.V.V.V.V.T.'.'lVr.V!!! General Klectrlc Illinois Central American Ics Securities Louisville and Nashville '. eiiaaotiri raetuc New York. Ontario and Western National Lend....... Northern Faclflc New York Central..... Norfolk and Western Pennsylvania People'* Gss Pressed Steel Car do, preferred. Pacific Mill Reading Republic 8teel Rock Island do, preferred United States Robber .................................. do, preferred...* * Southern Pacific Southern Railway do, preferred loaa-Mheffleld.. Tennessee Coat nnd Iron Texas and Pacific Union Pacific United States Steel do, preferred.... rirgtnla-Carollna Chemical do. preferred * Western Union do, preferred* !!! Wisconsin Central do, preferred Total stock sales today l,048,70d shares. RANGE OF THE COTTON MARKET AT NEW YORK. follow! i In Nei ew York today: the range In cottoi ‘odav; Last Previous er bonds firm. LONDON STOCK MARKET. STOCK- Amalgamated Copper.. ~Prr Canadian Pacific. .... Chic., llll. and St. Paul.. "Trie.. .. u a Central. ..... rllle and Nashville 1 New York Central. . , . . .. 1 Pens viva ula Reading * Southern Pacific Union Pnclflc United States Mte*l.. .. do. preferred % COTTON MARKET WAS TAME,AFAIR X.w York. Aug t—Th. Run eayi: Th» cotton market wa. a very ..nail amt tame affair, hat aiwb aa It waa It enitol at * trilling ilclliii-. Tho weather In tho main wna favornlilc anil th.ro waa more or leu acntt.rml lliiut.littloti on the ore of tho gor- rrnmvnt monthly report to ho announml today. Th.li, too. I.lrorpool waa dlaap- pnlntlng. tho epot anloa tb.ro docrooorel Ih. gonthorn apot markete wore doll, tho recrlpta of now cotton nt llonatnn wore lllwral nnd a larger inurnment In tho aouth- wcet la expected In th» near future, while tho etagnntlnn of the eprculatlon waa of Itarlf a licnrjah lnflu.no.. Vet, the Imll lender gore aupport nt tlmea, end thla. with n ertatn amount of covering rented any uiarkpd decline. At one go. the condition naturally tended to re abort netting. Bealdee. further rnlno '.ported In Georgia nud I the Carolluaa, ■ | 83.31 83.81 74.81 H.«l 1MI 8I.»| 77.21 78.0| 84.0| *1.3 GIBERT & CLAY '• t ALABAMA AT. comet piiovimoN* ATLANTA. OA 5 York Block Exchange IJJew Ortoana Cattoo Kickanga.iadrago Board of Trad..^ Sis; 8S2S SoTid UmI and Long DlaUnci Tolaphorre tiM. "W. R- FAGAN, Manager, make strict 3 were reported Augusf thr»*« that the ,js to a considerable extent «!iirlng August. The trading, however, was on an -stremely small scale and to a large extent >t an evenlng-up character. Guesses on the redu figures rsiixi* all the way from 79 . 84. with the general opinion sIkhH 82. If the report should hav*. no effect It would only f»* a repefff/o« of irtutt hat happened In other seasons, when everybody In the trade was on tip-toe.—Gltwrt k Clay. *ana. Aug. 1—The Tlmes-Dcmo- w,«w Yestcritny’s cotton market re fleeted the complete preparation of tRe small apcculntlve Interest against today's government crop condition report, ami In consequence transactions am! the price fluc tuations were Insignificant. Crop news,of a favorable character continued to come In; otherwise, the stagnation In speculation ex tended even to the sources of professional Information, and the wires were either si lent or ticked off Inconsequential gossip. Therefore, pending changes In the situation have hung tire until the government's cfop condltofn guess shall have become public propertv. Meanwhile new crop longs are counting ou some deterioration during Julv and on some high temperatures during tb erst says: THE METAL MARKET. Hr Private brosed wire. New York. Ang. 3.—Tin advanced l!»e per ponmt In snot nmf nearby deliveries; fu- tures. Improved in ^rojiortloii. Clipper ruled film, but unchanged. I .end nud spelter were unsteady. The great Lick telescope reveals stars so far distant that It would require 89.009 of them placed together to W visible to the naked eye. Baron Takakl aaya four fifths of the Jap anese boys are now studying Kngllsh. and that It will soon become Us language of Aug if. Kept. .10.11 10.U 9.10 Oct. .10.25 10. if 9.! Nov. .10.14 10.14 10. Dec. ,10.g 10.* “ 9.80 iS lftS 16.08 10.* 10.* 10.07 10.07- 9.K-84 10.06-09 10.23-24 10.26-27 10.12-33 10.3741 Closed steady. 10.20 10.19-20 10.47-48 AT NEW ORLEAN8. upen. man. uow- {fi?i Aug. .lO!40 10.44 10.15 10.17 Meut. .10.23 10.23 10.05 10.05 Get. .10.19 10.21 9.90 9.90 Dec! ! 10.23 li)!* 9.91 ti.H 10.01 .10.28 10.10 9.* 10.01 Previous non. rriase. 10.00 10.40-42 10.06-06 10.37-r 9.90- 91 10.19-! 9.91- 93 10.21-! 9.9394 10.29-1 9.19-10 10.2941 10.5-08 10J5J7 NOTES ON GRAIN Pointers on Provisions. Private Wire to Olbert & Clay. Chicago, Aug. 3.—Wheat la being sold quite freely fur export, but this Is no bull argument, considering our stocks are !>ouud to Increase for the next three months. Winter wheat farmery are fusing to sell ou this decllui sreiu almost a certainty. Tho crop |u Illinois la growing dwo: dally. Cash corn Ih closely held, farm* Record-Herald: ''September pork la cor- worse than July was,*' said roker \ell. "Anybody lx foolish to get short of jnMIerald: nered worse tha Well. "Anybody lx foolish to get abori the market. In lard It Is dtfferent. On ac count of the high prices a great many peo- futlng 1 other 1 fat U *" n * Iar< * aDl ^ are BalSi of rari^traln In Chicago were 125,- wbmiLlncludlng 45.000 No. 2 red to go hast, 250,000 corn and 150,000 oats. 8aab0 Vle!U?* were 116,000 wheat, 26,000 corn and 99.000 oats. ^H°0-Cklc*fo 12,000, Omaha 6,000, Kansas City lO.fMl. The evident change of policy on the part of the Armour concern fa qalte a help to tha grain receipts here. A year ago, when the speculative Idea was a large part of the t rain trade of the Armour house every ef- )rt was put forth to prevent the piling now'UmT _ nr end OL given attention, the effect In seen In enormous arrivals from all along tho line where the Armour company has an Influence. The competition Is alao a atlmnlant to action on the part of the other big concerns, this market getting the benefit of much Influential and Intelligent tig. 8.—Wheat market vary dls- Chlcago. Aug. t.—Wheat appointing, and while th< continue the market Is do ons aigner. nnorta nuying n Ulng oy those who bought ckers selling moderately. > City buying quite a little yester- tie wheat “• ..... .... .... .... 4V.WW .UiBTil t r_10.48 10.47 10.14 10.14 10.14-15 10.44-46 iNirely steady. TIPS FLASHED From Wall Street Private WfTO to Glliert k Clay. New York. Aug. 3.—Daniel Odell k Co.: “Improvement Is likely to be confined largely to s;»eclaltlcs for a time now, ac cording to our Information, and we would not neglect reasonable returns on the bulges, observing the general rule of buying on recessions, specific or general, commen surate with advances, keeping Id mind the fact that tho lint hss advanced from 10 to 20 points, and that the receipt of favora ble news of a pronounced character would be n great temptation tor manipulators to uuloau a go4>d line of stock, particularly If tho public Interest Is maintained aud In creased, ss at present. It would not lie surprising to see stocks drop off a little any time uow, aa they havu been going up pretty fast. There has been k«<mI buying of Iaoulsvllle and Nashville end Atlantic Coaat Line ou this reaction. Wo llko both. New York, Aug. 3.—There is an upward ilia. In Talk of a bull pool In Lnularllle anil Nnah- lllo. and tho action of the atock Indicate; Look for a break In tho tilfhprlcad Inane, today. Dow, Jonra t Co.’a aumraarj: American, atoekn In London Irregular, Tuaaln*bonifi"w«ik In London, but gen eral market firmer. fit. I,nule fiouthweetera earned 4) per cent on preferred stock In fiscal year. Crop reports continue favorable. Loan crowd Indicates bear account con- dcrably reduced. . . , . possible crop of 900,000,000 bushels of aprlng wheat thla year. Money abroad tending easier. Panama bond payments expected to In- uenee lionk statement tomorrow. Government cotton report comes today at o'clock. L. J. ANDERSON A CO/8 DAILY COTTON LETTER. New York, Aug. S.—Another stand-off so far as the government condition report was concerned. The bulls clnlmlng bullish and the bears bearish. Ilut It was a little too close to the top figures offered by the hulls to please them very much sml a good many of the smaller ones sold out, the market dropping off about 9 points. The report showed a condition of 92J up to July *, but this apparent bearishness nee that date. Hence the market did not have the break expected. On the de cline It was met by supporting orders from the hull leader, ana rnrtring by aborts who had looked for higher prices. In summing It up, the trade Is about aa far at aea as before, and tho future course of prices will depend prlncf porta from the belt during i morning. ... „ *P locals. N of any hedging sales of consequence, dertone not strong. jgOats °PJ n jflxtrodywlt^rsdellgM^BMns [Wrialft andlMMfipkllMMlMgg*l lTnrlalona hlgbar. fihnrta buying lard and Mha. Hailing - - - ir. Pact--- Km here. Chicago Inter Ocean: Rnaw'a Si, m E arl entlnintr. tha wheat crop at 77B.OOO.OOO Buahcla, of which >011,000,000 are winter and ffis.000,000 aprlng. .. mmi The corn crop la climated at 3.700.000J buahcla, and n.ila ITS.OW.Ofd bualiela. L._ report for July II inakea the •'omUlloa of earn 88, agalnnt M.8 last month. The Im provement la uniform over tha bait, am la the reault of July rainfall and goo temperaturra. Thla Indlratca a crop pna.l- bully but a trifle tielow tha harreat of Tho ci, ... la gtren at 81, agafnat 82.7 on Jaly I. The few threahlng nturna received abow a rale of yield quite aa low aa the condi tion flgurea have Indicated. The total crop la likely to fall Ivelow kTS.OO.OM. “ Ing wheat condition I lly dnrlnc the month, no SSSnaatn.t tf.4 on Jnly ll Tha du. la mainly In Ua Dakota., when at apread of red mat awl failure of ah to produce vlgnronaly have tended to re- dure prevlou. expectatlona. Keturna covering winter wheat threahlnl up to date reveal extraordinary ratea ni eonrae of eondltioa report! daring .. ,_i . 7 |, Mii but expectatlona to dale .how aeaaon baa Indicated heavy threahlng ahnwB that all been exceeded. Boturna ■red with the qnallty very high. King, of Toledo, wired the Ulaiour! Augual report on com, giving the cnndl. GIBERT 41 CLAY'S DAILY COTTON LETTER. Twelve Indn.trlal. deellned .fit par cent. Twenty .ctlre rallrmda advnucod .44 par cent. STOCKS REVIEWED BY NEW YORK SUN New York, Ang. 1,-Tbt New York Bnn aaya: "At the opening yeaterday. prlcea aa a rule allowed n email recaealon frmn We<lneadny'a cloalna tlgnrea, the principal cxceptlona twins ChcaapAke ana Ohio, Heading nnd W. Paul, which werei frac tionally higher. The lent named atock at once iHU-ninc the market leader, rl. ug a point within the Drat few nilnutcn on henvy buying, which ckrnc largely^ frnm^ weatern Infcrcata. The atreugtb III fit. Paul axertad a wble effect, hut nt the end of the Itret hour n elinrp reaction occnrred In the gen era/ market, ami all bough ouhaequently there were numereua cxhlldtlona of atrengtb at different tlmea In vnrlonn parte of the Hat, there wna leaa aiemtanelty about the morementa than en other ilnye alnce the riae atarted. fitrongth In jue atoek or group of atocka waa avallwl of to take prof, lie elaew here, and In many Inatancea nle.iit the only effret of the upward movementa waa to drive In n portion of the outatand- lug abort Intereat. American atocka were rather heavy In the t/mdon market pre- vlona to the npon'ng of linaonara here, and aeullutent nhr.ad wa* depreaaed on account of the Ituaalnu •Itoatlon, the honda of that enrernment auffcrlmi a dcdjne on thB lead ing exchangee. The kaffir, atocka were heavy. No change waa mad* liy the Bank of Englaud In lla rate of dlarouut. hot the statement of condition tree n rather poor one.*'—Glherr. A Clay. THE 8UGAR MARKET. New Orlcnna, Aug. I.—In Liverpool option* steadied up before the dose In ronaequence of some ehort covering, final priest being 1 to 2 point! higher. Spot sale* 6,000 reduced 1 point. Thar* was nothing to character!** the early morning tradlpg of the local market, but the dull monotony ao long exist ing. When the government's condition figure* for July becamt known there Immediately. *et In a general selling movement, which, after considerable loes In value*, wa* only checked through the reaching of order limits satisfactory to shorts A* far as th* figure* themselves are concerned, namely, S2.S, they are fairly satisfac tory. although In the detailed report both Mlsalselppi and Louisiana ara practically th* same aa last month, whereas private advices have led th* trad* to believe that an unmistakable Improvement had occurred in these sections. This Is only mentioned passing as showing the extreme con servatism of the government, and that possibly a very much better condition actually exists than the report would Indicate. The temper of the trade I* such that unless a crop scare should occur It Is more than likely prices will seek lower levels than those now exist ing. ■ Mayor Pltsgarald, of Boston. Intend* to eatohUlh s bureau of publicity to mak* Boston's attractiveness better knowu. ivhent crop letter than estimated. Yield per acre 16.4, a ' ' ■ The Kiiiihus liiiore then one hundred atatlona regariim 1 the condition of Corn. Only elevsn reporfi fair to poor, and nil the rest say proa-1 peet la good to rxeelleut. Thera are lim ited portion* of Knnana whlrh need rain, hot fully 80 pet cent of the state has am Pie moisture for present needs, and tha frequency of ralna during July give, prom la* that the aeaeon will continue to supply atupb- precipitation to produce s Urge crop corn, COFFEE MARKET. SOUTHERN EXCHANGE Oldest EstsbIUhed Office South. COTTOH —STOWS—BOMS GRAIN Oround Floor Gould Building. Dolly market Utter and market manual mailed on application. By Private I .eased Wire. New York. An*. t.-Ke(lned and.raw, sn- gar steady and unchanged. London heet market steady; August aa,.VI> September s* 10-4-1. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN Correspondent’s Capital $250,000 REFERENCE. THE NEAL BANK PHONE MI7. PRUDENTIAL BLOG COTTON^GRAiN, PROVISIONS Stocks 1 ?BONDS, Ms. 2 Watt M., PgffTf Baltdltg. Atlanta. Ca. tfurtttft gnv r.'t Caffes fackaaae. Ck/rajt ItW *f foil *.» Of/aaaa Caff** ftd l 1/,'vr.n/ Caffaa Xnec/iHea. _ 8r» Yeit C.'ltt Prlt.lt W rit t. See Vsrt. g(w Orll.lt, CMcaf*. g. C C0TMSA*. Minin. *<n pbttt no.imfMBiitl Admiral Winfield ficolt ffckUy expect* aliortly to aettl* In Baltimore, and will moke that city bis permanent home. February holds tha record *• tha month In which most children are horn; Jnne as that In which there arc fewest birth*. MARKET FOR WHEAT CONTINUES WEAK Declined Over Half Cent in the First Five Min utes. CROP ACCOUNTS GOOD Unsettled Political Situa tion iu Russia Was an Influence. By Private Leased Wire. Chicago, Aug. 8—The markets on the hoard of trade closed as tame as a pet dove and without a redeeming fea ture, Resting spots showed wheat 1-8 O *-4c lower, com l-8c up to I-8c off, oata l-801-4c better and provisions i OI>c higher. Cash sales were rather slow at 80,- 000 bushels wheat, 80.000 com and 130,000 bushels oats, n load* wheat, 7 loads com and 176,000 bushels onts at the seaboard. Primary receipts of wheat 1,188,000 bushels and com 187,000 bushels, against 78,000 end 148,000 bushel* re spectively a year ago. Clearances for the day 161,000 bush els wheat, 101,000 bushels corn and 1,600 bushels oats. CHICAGO GRAIN MARKET. W1IBAT— if-SI £ mM * Kept... 16.96 27.66 14.90 14.90 LARD- || Jan.... 8.25 AIDER- if !&'!! 49% 3 il ,H 8.87% W»* 7.KS4 CHICAGO CAR LOTS. Wheel.. corn.. Oat*.. i Hogs., Today. Tomorrow. Hh LIVERPOOL GRAIN MARKET. Whrot op*n*d unrhnnged; 1:30 p. m. t wit; cIobM unrbaaged. Corn opened aochiingvil; 1:90 p. in., u changed; closed unchanged. PRIMARY MOVEMENT. following figure, give the prlu Thackeray, hi* bat wh« he wrote -'Venlty Fair. . the RngHeh novelist, lifted ten he pasted the house where v.i, •> Veltalre, the French author, never began his day's work without sharpening an even Th* . movement of wheat nnd com. Wheat—Beeelnta today l.IM.reo buahela. ■nlnet TkLOfid hnahela laat year; ahlninenta today 470,000 huSbala, tgalnat 433,000 buahela last yanr. Com—Ileeelnta today • 357,000 hiuhela. agiln«t 3WM0 bnahela last year; shipment* belay 31,000 bnahela, agalnat U3.000 buihrls NORTHWEST CARS.- i llov cars todaj, . I.asf Last* ... .. Todar. WVsk. Vent. Minneapolis * IK 132 157 Duluth. . 17 47 25 COTTON SEED OIL MARKET. Ntw York, Aojf. 3.—Cotton fad oil main* trinwl a steady position yesterday, as both sides were Interested in developments aa to the new crop and the noaslhle Influenr# on fieptemlier and Ormfi#.r through rha norwOTt of nsw oil. It I* oriient that there will be an unuaually early movement In seed, owln* to the liberal receipts of cotton for AuffWt from the Booth. Thl* particular situation Ih helrur Matched r|os«s ly by operators. Tho strong position aa. sinned by Inrd yestenlar had some effort oq It la exjiected ^that the gpvernmsat riu a Is. Kpvernmsat #f- f'-*d on opinions regarding tho fall mofitha. Pricaa at th% rloso yesterday wors some what lower, but there wno no Interest nmn- J tested on the part of buyero-Ware k Lo- Opening linns.- Hose, fife===n MSS November 8%“ — December.. .. .. .. .. 21 January a Falea 700 October at 94ti. 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. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNTS INVITCO $200,000.00 $500,000.00 D We Invite accounts of Individuals, corporations, banks and bankers and offer the best terms consistent ulth conservative banking. In our SAVlnga Deportment we allow Tnterent at the Rate of S 1-2 pot cent. Compounded Semi-Annually.