The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 08, 1906, Image 11
I JOSEPH B. LIVELY
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
Ur. Lively
W editing
J th** South
/oenlseU au
a 31 THn' experience
nnrketa In Atlanta and
bm miKli* him n r«
borlty Id ills specialty.
FEELING BETTER
IN COTTON MARKET
Liverpool Houses Were
Free Buyers in the. Early
Trading.
market RULED FIRM
Heavy Rains in North Cen
tral Texas Was the Chief
Influence.
By rrlrote 1/nso.l Wire.
New York, Aug. S.—Iu the cotton mnrkel
wglillc cables wpre disappointing this morn
Inf. The lien Hah force of the ml vices from
abroad, however, wits more than offset by
reports, of heavy . rains In north central
Texas. Houses with private wires bought
on the crop news and IdverpOOl houses pur
chased October and December quite freely.
The list ruled firm rffter the start.
Liverpool this morning somewhat better
than expected lu Ibe tutu res department,
opening about 5 to 6 points lower, whereas
It was due to come about 8 points flown.
Futures recovered part of tho loss on the
C *j'n^tho spot dep. r'ment a better demand
wns noted, sales ng/regntlng 7,000 bales nt
t decline of 9 points, oinking middling 6.Sld.
The New York mnrket opened stead; *
unchanged prices to an advance of 3 pol
which-was not n full response to tb«* show
ing mails by Mverpool. The tendency Im
mediately aftor the opening wns toward Im
provement, prices nt luhl-dav showing gains
of 10 .points all along the line.
It was reported that there wns some cov
ering on the storm In Texas, to which the
ndvsnce wns attributed.
The weather continues favorable.
The semi-weekly Interior statement shows
receipts of 8,212 bales. «■ shipments 10.688.
stock ■ 102.822.-1 No comparisons with last
year given. • .
Receipts of new cotton In Texas nre In
creasing. ISO bales • being received In Gal-
veston today, Augusta got one new bale.
SPOT COTTON MARKET.
Atlanta—Sternly at lOftc.
New York—Steady nt 10.70c.
few Orleans—Quiet at 10 6-16c.
Liverpool—Steady at I.Od.
Augusta—Steady at 10Hc.
St. I/iuls—Oulet at lOHc.
Savannah—Quiet at 10 6-16c.
Olnmbns—Steady at lOHc.
Galrentnn—Steady at lWic.
Baltimore— Nominal at 1084c.
Wilmington—Nominal.
Mobile—Dull at 10c.
Norfolk-Quiet at 10*4c.
LIVERPOOL COTTON MARKET.
NEWS AND GOSSIP
Of the Fleecy Staple.
Trlvate Wire to filbert A (lay.
New York, August 8.—Liverpool 5 s * down,
wns expected 7 to 8 down.
The mnrket has n steady tque. Liver
pool and commission houses huylug due
to the reports of further heavy rains In
Texns, which also have a tendency to
check selling by the local traders.
Carpenter Bngtott X Co. any: -For the
moment the market looks like a scalping
nffnir with possibilities for a qnlck turn
either side."
Carpenter flnggott & Co. say: "For the
favor the short side of the market. Un
less we nre radically mistaken In our
reading of conditions, the market Iff on
the verge of n very sharp break. Our en-
bles state that Manchester advices are not
so bright ns they were."
The Journal of Commerce says: -The
dry goods market Is In n very healthy
ditlon. the day'* movement from primary
hands and from Jobbing houses having b
exceptionally good in staple lines. Prices
nre showing a tendency to advance In sev
eral lines, but It Is plain that th*
levels are being fqfrod naturally tmriH
through any desire of handlers to set ui
fair values «n merchandise that Is In de
mand. Many factors In the-trade laellero
that the present season la to be nn ex
ceptional one In the volume of trade, ami
their convictions are based solely on the
business already lwv»ked."
New Orleans. August 8.—Liverpool at 8
down Is about ns exported on our market.
Today's map la excellent—clear Qnd dry—
the only moisture recorded being in Ar
kansas. Texas Is partly cloudy, but no
rain has fnlDai In the cotton growing dis
tricts of thr state.
Mlnofrlo, Forgan A Co., Liverpool, ca
ble: "Market looks higher on good buy
ing."
The mnrket Is extremely narrow Insofar
Texas friends any.
demand for August cotton will be *ufrt-
clent to snstaln the market. Early re
ton prospects nre lielng blighted by ever-
Increasing weevils. If such were not the
rase, our part of the country would make
n good cotton crop."
Kennedy, flee county. Texns. wires: "Cot
ton Is uow coming In nt a lively rate and
pickers are In demand, and while this
crop is good, the yield will not Ik* ns.
heavy at expected a few weeks ngo."
* special In the Times-Pemocrnt from
lias been vlslte<
torrential rains. Con-
Futures opened easier.
Opening
Range.
nrfn.t 5.67-3.58 5.58 M2
6.614.60 6.53-6.63 6.164.67
146U 6.4*4.49 5.614.62
6.434.41 ft.44 6.474.48
Hept.-flet.
Oct.-Nov. ....
Nov.-Dee. . . .
Dee,-J«n. . .
Jnn.-Feb. . . . .
Feb.-Mar
Mnr.AprU. . .
Aprll-May. . . .
Closed steady.
6.434.41 {.444.46 6.474.-
6.434.42 1.444.46 6.474.'
6.44443 6.464.46 t«4>!
6.46 6.47441 6.; "
447- 4494.10 4
4604.61 4
TODAY'S PORT RECEIPTS.
The following table shows receipts at tbs
Jtort* toda~
Inst year:
New York. August *.—Mininv, i.«.un
opened steady. 6 jiolnts down on near and
0 down on late: nt 12:14 p.ui. 4 to 7 down
and barely steady. Snip*. 7,000. Hoots 9
points down nt Mid for middling. Futures
due to come about 5 to 7 down.
The New York cotton market opened
quiet nnd steady. Just os due on Liver
pool.
Liverpool bought n little cotton here.
Look for rather quiet market todnr. Think
'* rnn be sold on any rally. Weather map
inks good again today.
New Orleans. August 8 — Cables nrp about
h expected. They were due 6 to 8 lmver.
For n Wednesday, "the boom day” In •Liv
erpool. this Is rather disheartening to the
bulls.
The weather map could hardly be more
favorable. Hardly any ruin Is reported
oter the cotton licit.
fienny bidding 9.90 for Urge quantities of
Dcreralier, supposedly for Brown covering
START IN STOCKS
WASJRREGULAR
Good Sprinkling of the Act
ive List Showed Uu-
« changed Prices.
READING IS STRONG
Copper Opened a Fraction
Lower—Later Recovered
to Last Night’s Close.
By Private leased Wire.
New, York, Aug. 8.—Basing conclusions
chiefly on tlu* speculative position, the pre
vailing sentiment lu the mnrnlug'a mnrket
was In favor of sonic reaction, it wns felt
that wtth such n narrow trading Interest ns
has characterised the movement of prices
for fhe past week the rise hnd gone too
fast to hold without some wetback. Acting
on this view, there wns heavy selling for
both account* during the session,' nnd
stuck* which have recently been leaders
of the rise fell rather sharply. Home out
side conditions emphasized the falling. One
was the likelihood of the dividend oil Con
solidated (las being passed altogether, ns
suggested by the failure of the executlvo
committee yesterday to act on the question.
Another was the increasing doubt as/to
the dividends on Union nnd Houthern Pa-
elfle being raised In the near future, this
skepticism being based on tho dlsnp|K>lnt-
ments already experlertced on thin seoro.
Finally the henry cosh losses of the hanks
nnd the .•ueompiinrlng .-inns <>f hardening
In time money rates made nu unpleasant
impression. The .selling did qot, however,
appear at nil hurried, nnd slackened on the
decline, the market at mid-day ■ lielng ex*
treniely dull.
In the stock mnrket opening figures show
ed St. Until. New York Central; Httgar mid
Union Pacific unchanged. Rending started
up 14 and reacted 14. Anaconda gained 4
per cent nnd Pennsylvania, on 7.00U shares,
scored nn eqi a! Improvement. Colorado
Fuel. Erie. Dntnrin and Western, Southern
Paclfir nnd Canadian Pacific gained >4.
Amalgamated opened off 4r but rallied to
Ust night’s close.
The stork market during tho first hour
ruled licnvy nnd prices generally showed
declines from 1 to 2 points. It wns hard
to find m»i sporlal Incentive for the wild
den change. Pennsylvania continued prom
inently active ami strong, A. Eckstein buy
ing 10,090 share* I/indon was alao a heavy
buyer of Pennsylvania. Broken watching
**- trading say that n large part of ***—
tig was for Hamtogn account. In
Inst tew minutes thj *v>'y of stock ap
peared exhausted and rbe*i buvlsig <rders
appeared prices easily .*2fed. London was
n heavy buyer of P*x1.og nil IVnnsyl
vnuln and sold other .iw n* uitlonnl Issues.
Governments unchanged.. Other bonds
firm.
LONDON STOCK MARKET.
RANGE OF NEW YORK STOCK MARKET
nnlgnniatei
nerl. nti St
Sugar Uelloltig...
Atlantic Coast Line
Anaconda
American emotive
do. preferred
Atncrlcnn Siueltlug Refilling
do. preferred
Cotton OIL.
Baltimore nnd Ohio
Brooklyn Rapid Transit..
Canadian **
Chicago i
Chesapeake i
Colorado Fuel nu
Central Leather..
do. preferred
Chicago and Great Western
Chicago, Milwaukee and St. Paul
Delaware mi l Hudson
Distiller's Securities
do. preferred..7.7. .*..7.7. V.7.7.7. Y.7.7,7. .7..77777
(Jenernl Electric
Illinois Central
American Ice Securities
Dullsville and Nashville
Mexican Central
Missouri Pa< It!.
Missouri I a. li'e
New York. Ontario and Western
National Lend
Northern Pacific
New York Central..
Norfolk and Western
Pennvylvnnln
People's (Sa
Pacific Mall
R.■ailing ......
Republic Steel....,.:
ltock Inland
. preferred
United States Rubber .
preferred
Kouthe
South.tii Hallway
do. preferred
Union Parlflc
United State* Steel
Western Union
Wnbnsli
do, preferred.
Wisconsin Central
do. preferred
Total stock sales today, 666.600 shares.
AT NEW YORK.
OncnlHIghlLow
W
KM ■ 1 *"
M Ul 11 I.
*“ 142 I 112 I 1414 1»3\
"* rt lSd | 186 IMi
1 -mu. I o;
«*4l W
684
ITaTm.j.. ...i lm i iis*h
153V* 1X2 V; 133H 1624’ 1U4
116 | 116 ip; ; nre* ns
934 93S»1 o:s' 8284
$24 f0*H ®4l 31 I SH
1214 DOU 1)M| 12IS l-*>4
7*V 7h* 4 7*4 7**'»
• ."4 ..a*
534 j .VIS
33H 394
i i«4i in**
.114] *
221 "| 229 '
594l '
167 ;167 | 167
'38
214. aji.
95 1 M4kl 9141
l' 11 1 V 4 1 •*«: 4 1 , | • 1 .
7941 V3 1 79 | 75*’*! SO
20«4l 2>l I 294UI 2-M 36
111V 140«4i 14641 1<0H| 141
1'1*| 9! 91 1 99'«l 91
i:r>v 1344, 1354 i.g* * 1144
91 I 91 I 91 | 9141 91
53 | 624 5J4 62 I 62H
KS4 9841 9SV»| 97S' 104
1.44 132
13241 1 !.’**
-•y | :• jv’-s 29 * m
254, 234, 25'y 26
764
m m -.
»» *«», -■
‘Wi 'TSVil 7J
..... ..... 155
224 924 824
156 !:*•;»*' nstf
404 4041 404
11*4 B6SI B64
3:41 274 r4
100 in n*4
«ts »1S ‘JIS
^4
I ■
storm damaged the cattle, and not the cot- Canadian Pacific.
ton regions.
Think the market will advance •
points today from enrlv prices.
1 Chesapeake and Ohio. , . .
I Chicago, Milwaukee A Ht. P.
I Erie
I Illinois Central.
WARE A LELAND’S
DAILY MARKET LETTER.
1906
1906
New nrlenn*. . . . ; ,
Gnl ronton . .
Mol die
Miivnnnah
t'h irloMon
Wilmington
Norfolk
Heaton .
Philadelphia
PenancoM. .......
816
1
2339
3197
42
1284
43
62
„ 1793
' 4T6
fo
Total. . .
7093
9286
INTERIOR MOVEMENT.
The following tohlo allows receipt* at the
Interior towns today, compared with the
■nine day laat year:
1906
1906
llounton.
Augusta
Memphis
St. Dmla.
t'luelnnatl
493
• 5
690
149
«
297
100
If
Total
Utt
2361
GIBERT & CLAY'8
DAILY COTTON LETTER,
urii'in*, August verpoot rio*mi
Steady with options showing a loss of
from 3 to 4 points, while spot transactions
were quoted 9 i-tints lower, sales amount
ing to 7.000 bales. Cable news wns extreme
ly searee and uninteresting In shedding
«*«y light on market affairs. There was
some Increased activity In the market dur
ing the dty, primarily dw to the attrae-
the differentials existing between the sev-
eral markets, which, tine* the bureau re-
port of last Friday, have been slowly re
adjusting themselves. Nevertheless, the
market Is extremely narrow nnd larks the
broader stroke of a more general Interest.
'* either conditions are again excellent, but
Uport* of qnirnge. *»imp nctunL but the
greater mirtUnf anticipatory by the recent
exeessHe mot»fnre. have rnuseil 41 consld-
ernhl. hardcnlrg up of prices augmented
con*M**rnIdy bv covering of the short scalp-
lut Interest Howerer, sentiment seems to
[m ngiilnst the mnrket nnd takes the more
tniiKlIile Mhspe of assistance when declines
••eiome Imminent, whereas sup|Kirt Is n
minus quantity when necessary to furthVr
an advance from whleb It might possibly
J— Inferred that the market's largo short
Int.mt I, n,jihoi„Kicol.
THE SUQAR MARKET.
Ilf Print, Lfntrnl Win-
\ ork. A lie I^r.1 roflm'd an,I raw
,nwr qniot. l,„t unrhnna^l. |ym*Ino lia-t
iinrk.t firm; AUfOi.t ;*» Hnptnmlwr 9e
N>w York. AMOt A—Th. ninrnlnf pa-
nnra prlntnl .xlMMlra o.r,,onta of nrrr-
flnwa In Tnna nn.l lh. tnrrltorlfa. whlrh
unr,- atatnl lo !,<■ rnthnr iln.triintlvn In
ninny rtlrM-llona. Tllla chan.. In thr> rvcntli-
cr allnatlnn. (OHM alter aneli extenalfe
lk|IM.tlnn of the laal few <lny„. wna anf-
ilelent to atari n mvrrtnn niovement Hint
llftr,! |,r|ee. ill,mil 10 pnlnl. frmn tile Inw
. . . . on the n,lranr-
elinrt ret ton I,earn
, v „.. 1 there wna ao mneh
for rale over 1<V Hint the demand wnn not
mr.reaelre enough to lend trnilern lo re*
enrd the altnattoo aa rhaIIfed. t ntten hna
hnd an extensive deellne the naat ten dnyit.
nnd n renetlmi «f ID nr K pelnla la nqt at
all nnllkelf. Bnt the itoeallnn enneemln,
a more extensive reenvery la one that re
mains In be deteratlneil. II will lie re*
rnlleil that the lament empa the lteoth
erer rtilaed. aa resard, the pmluetlmi of
lint per aerr. were those of l*5i-anil UM.
At thnt lime there were Hoods In Iht*
■owing nnd overflow. Inter In Ibe season
1 - ■ ■——her than other*
heeomea serious
gPSMSSPSHSHIHBp In the entton
attMtinn to Induee gener.1 Intyln* for high
er tirleea. In faet. It will reonlre eoitilder*
aide dnm.ee to prevent rofton weighing
on lb. market.
New York. August ..-The atoek market
wna Irregular today nml gave evidence of
following a trailing llnetnatlou. whlrh we
expert tit see nmtlnunl for. a time, anil
we reeomtuenil that tha trading rales still
tie idiaerreil. Imylng on weak spots after
a reeeaalnn ami selling Tire versa, nreord*
Ingto the Indlvldml tmaltlona of the storks
as* shown ‘ hr terhnlml and other dednr-
tlim«. \Ve would only attempt to lirrome
ncxrea.lv.-tf l,illll»H In ape,daltle« vlgnmua*
ly*han.lle,(. Jmlglng from the mitbiok at
tils writing, for the money attutlon la not
dear and we do not lidleve a hlg hull
market la likely oatII.money la easy.
L. J. ANDERSON A CO.'S
DAILY COTTON LETTER.
New York. Aug. I-The foreign market
ngaln failed to rrtpwirt folly to the deellne
lu .dr market. The Kiiglliui traders pt on
the Idea, proven for ao many .years, thnt
It Is poor policy to aril rotten In thr early
ilnya of Augu.L Juat at the time when. If
we an to have any rrop aram and rotn
plaints, they will begin rooting In. \\r
have Sid favorable weather for tie moat of
the crop op to this time, henre old cotton
people think It rery onllkely that this
atipm of affairs wlU motlnoe throogk Ao-
gnat. The critical period will extend nittll
nlmot the middle of Beptemher. awl al
ready rompl.lnta are hrglnnlg to come fnnn
Texas aa to I toll weevil, rust and shedding.
BOM, this la not serious op to this time, a
Inna are of either the nnmerotia rain, of
ell of drouth would probably do a great
''7a 1 tbe'AMa'ntle states It la rooeeded hr
the heat posted persosa that the yield will
lie nnder la.t year. In addition to this,
under thr the fautb la not gidng to torn
’entntl.
lioutheni i’n’rlile’. I
Huiithern llallwny. . .
I'nlon l'nrlfle •.
United Mates Steel. . .
I'nlted States Ktrel pfd.
STOCKS REVIEWED
B YNEW YORK SUN
prices mini nt thr niietilng of the mnrket
and the Irndrmy during the first hftnr^B
Istrnngly upwanl. so that by 11 o'clock ■
eral atorka mail, new hlch records for the
present movement. There was a better
feeling In Europe over prUHral alfuntlnn.
and In London consols and llnaalan Imuila
were onoted higher. Thr rrarmpllon of
business In lamdon hnmght nnroc foreign
Imylng orders at thr opening, lint there
wan a reversal of this imaltlnn. later stork
lielng unloaded on the advance.
■ There was a continuance of good Imylng
Lned In the Ifnltcd Htates Hlei-I Issues yea-
ATLANTA MARKETS.
FRI.TT8 AND PRODUCE.
Offletally corrected Ity Atlanta Frnlt ant
Prod net* elrhauge.
Irnmoua, ,k1kbi.OO.
I.lincs u0 tu ile.
. |vai*h*s. fu*f eralc. $1.00611.63.
ITneoppley. ,LW to BW
I la nans a. straight., kWdlJLH to
II.it. fulls, per bunen, <> to 11.5.
WaterruHu-s, fl.60 to I20.W per 100: de.
“i'IIL'CtkV AND COUNTRY PRODOCK,-
DrvaUl hens, par lb.. 12c lo ,13c.
Eku*. t»«r dozen. 15 to 16r.
Butter, table. |wr lb . 30 to 24c; cook-
Inf, per lb., 124v to 15c.
Hooey—Now strife lb.; In 1-lb. racks 19
^VEGETABLES.—Irish potatnet. No. 1
stork $1 barrel; No. 2 ajock 12.60.
Old sweet potatoes. i»,t bushH. $1 to $1.24;
tw sweet potntf>«*» $1.60 liusheL
FLOUR. GRAIN. PR0WI6I0NS.
FLOUIt— Poatels Patent. $6.00: Diamond
patent. $6>t*. >Ia»e«iiitab Ktnr, $4.66: fancy
Mtent. $4.66; ltd Eozle. $4.40; Bine RlM.ni,.
HOOj fa'.t y, $3.9-1; spring vfeeit |«ateut. $6.26
* U ft »itN—t'bnlce rod -ob. 76c; Na 2 white,
ir; No. 2 jefiow. Uc: mlxi*d. 7fe.
(lATS-fCnok*# white dipped, 62r; rhnlre
white, choice mixed, 4$c; Texas rust-
P MIKA!^Ptaln wafer around. i»rr bushel.
73c; boltM IIMli. Jutes, per biistiel, 65c;
Kharis, white, $ls60; iitrdluni. 6L40; brown,
$1.36: pure bran. $1.10; mixed bran, $1.06.
W K. ALABAMA iT.
GIBERT & CLAY
SSWft ATUNTAOA
corrrc. provisions
HKHftIMi
Tork Stock Ktrhsnre (New Oriesaa fottou KxchanfsJCblrsgS Board of Trade.
Ntw York Cotton Exchange Sew Orleans Kt«ck Exchauac Liverpool Cotton Association
Sttr York Toffee Exchange |Xew Orleans Board of Trade i.iheston Cotton nxi banga
Private MTlres ts i3 Exckan
Local and Lena Diatanoo Talsphons 5293.
, R. FAGAN, Msninsr.
do, choke
nswfty .
clover mixed, $1.00; do. No.
timothy bale*. *1: do.. No.* J. il; ,lo. t 0
' * “ * closed mixed.
c?IX)VEIL—Choice 9fe.
The al*ore prices are f. o. 1*. Atlanta, i
subject to lin.in-llnte «<v^ptance.
GROCERIES.
SUGAR— Ktamlanl ar.iunlntnl. $5.20 New
York Refined, b\; i lantatloaa, 64. Market
verr otroag. •
COFKKB—Started
$16.50,
1
w JIHM- „ ^
UICE-—Carolina 44 to 74e. according ta
grade. Market very strong.
CflEKSE—Fancy full cream dairy, 144c;
twins 14c: brick. 14c. Market strong.
PROVISIONS-supreme hams. lie. Dore
barn* 16V. t'allforuln hum* ; Red rr-.q
hams. 16c. Dry malt extra rll m. *3.87; Iwlllra.
■Mg |be. 8*a->t fat lurk. Hr; flat.*. |r;
Supreme lanl. *9 75; Red (>••«■. |V Kuow
Drift v»nui«>uu«l. 1V; B*4 C’ro»». 74c.
•n«
The foP'/wIng la the rnnea la cottot
futuies In New York briar:
lad • Previous
Onen.TIIgh. »ow ^Is .Clone, Close.
Aug. . 9.60 9.67 9.60 9.67 9.64-66 9.FMR
Kept. . 9M 9.78 t.M 9.74 9.74-76 t.tVTO
Oct. . 9.83 9.92 9.83 9.$9 9.88-89 t.£43
Nov. . 9.96 9.96 9.96 9.96 9.93-96 9.87-88
Dec. . 9.96 10.04 9.91 10.00 10.00-01 9.93-94
.1(1.02 10.12 10.02 10.09 10.08-00 10.01-02
Feb. . .... 10.11-13 10.04-06
ir. .10.16 10.23 10.15 10.20 10.30-21 10.13-14
CIosihI steady.
AT NEW ORLEANS.
. 9.64 933 9.84
. 9.0 9.90 9.KI
. 1.87 9.$6 9.87
. 9.90 10.02 9.96
:• vi :• v* :* 1 :• v. v.;
•.< :*i
9.92-93
:• w 11
’• N' VI
rt'ti. ..... iu.ta-1")
Mar. .10.10 1D.16 10.10 10.16 10.13 15 lOlMO
Closed steady.
TIPS FLASHED
From \Vall Street
Private Wire to Ware & Lolnnd.
New York. Aug. ft—London slightly higher
with money sasy.
There are hints of money flurries In it nil
street before the week’s end. Hlx nnd
seven months' loans now 54 l»cr cent.
Good Opinion leans luward taking ou th#
Western rails on dips. There la a very
strong pool In them nnd It Is now
dlcttNl that net mirnlnrs for 19U6 will show
•1- • o»o o»*a.
Professionals aro still bearish and watch
In. .... 1 q.pot*unities. Rather look
*«;• nn Irregnlar market nml believe It ad
visable to secure profits on all upturas.
IBooks ns If a lot of long stacks had been
thrown over, and they nre coining out, lit
chunks. Relieve they can lie bought lower
down today.
Dow. Jones * t'o.'a summary: Americana
in London iqulet, but mostly rather nligre
imrity.
jlawti.. . . _
further advance In
Kri I h i,,ui. xx III lest « "itst 11 ut D.nn II t > of
railway rate bill
U Basic
dountn.
government Issues call for new
Great Western July earnings largest in
•mpauy's. blab
COTTON SEED OIL MARKET.
N<nv York, Aug. 8.—The market for rot-
loll oil ujiH <1 111 I nml heavy, with No
rentier, December nnd Jnnunry nil offered
at 31r on the early call, and tne far dellv-
.'1 ;,'S • l,,\\ l\ f. . lilt,: III,' . IT, , t of till
the
Otto
- .... _..$ the trai
waiting for the de\ elMpuieiit "f nrlDItv In
Kepfemlier nnd October, mi rurally «‘venliin-
• ' utstamllng speculative Interest In
mtliH. Spots quiet with n moderate
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware & Inland.
Chicago. August 8.—Expect n firmer
wheat market, but If u<> have a fair bulge
I.mI.i I \t Iiiiltj h.-ll u li.-.i t l|mi I for I Mu ll
The heavy rains should be a stlmulntin;r
Influence to oots.
Wright nml Wells good sellers of May
corn thin morning. I pillke best buyer of
September.
Wheat only barely stomly at the opening.
Not ns niueli bull entlim'lnsm as exported.
Penvy nnd Rosenl.nnui btiught.
May be dead wrong, but bellere they are
fuli of corn nml any selling nt all will
break It l<clon 46r.
Gats steady with fair buying by com-
tnlselou li»*wses. Wells and ilavklcy about
best sellers of Msjr.
In provisions the Inrge run of hogs with
lower prices nt y ‘ *
Inr ‘ it — u —•
lot -
Armour bought September pork.
t for n large niovemeiit.
• little deterioration fit quality, »w-
PSIOB nn the " heat niter it
ami put lu the slmek or In
umber
sple
f the elevator people hnve b
This
n ted I
0 large
buy
f futures lu the pit.
that they nre taking In their
hedges nml nre also selling rush wheat.
The cmtnli.\ * are the largest traders In
corn. John Cudahy hna ZJVKOOO bushels «f
September. m» the corn 11It gusslp runs, and
I llm 1 of May. Mike Cudahy has been
buyer of May corn for six weeks
has II good Size.) bolding. Immense
ring by September shorts has been on
three days, nnd May Ins been sold.
This linn widened the spread between Hep-
teinber and May from 2c to almost 3e.
Private Wire to Olbert & Clor.
Cktrngn. August Liverpool responds to
onr wheat firmness of I
seems to l»e good basis
ther advances In prlees.
Iiifitientjal Interests continue to buy May
We
weather
(urns.
Feel ronfideiit «»nts
better.
Chicago Record Herald says: Export antes
of wheat, nil positions, were reported lost
night nt 2db0w bushels. Cables from the
continent wore stronger than those of the
dimming nnd they contained an evident
disposition to buy. The afternoon bids
re In reflection of the day's gain hen*
1 showed thnt the continental buyers at
least were willing to follow tho market n
x III do considerably
little
The flrst ear of new spring wheat «»f the
ear arrived In Chb*ngo yesterday. It
nine from Illinois nnd 'rrn.W No <
ret ear received Inst
nded Xa i The
SOUTH A SELLER
CAUSED DECLINE
COFFEE MARKET.
. , ,Jarr.
Stocks plentiful In the loan crowd.
Twenty nine roads for fourth week of
Jnly show average groaa Increase of 1176
^ Favorable crop conditions enuso check to! Say*•
dranee In commodity prices. »!!i n ^''
Utfidon reports easy money outlook. .inly.,
I nlte l States steel earnings for July I August
were In excess of $11,600,000.
Knrlv advance I11 foundry Iron expected.
Twelve Industrials advanced .12 per ront.
Twenty active railroads advanced .22 per
rat
Private Wlra to Glbcrt Jk Clay.
New York, Aug. 8.—Marshall. Spader A
Do.: "Uupreenlenteil rnllr<>n<l cnrnliira ami
splendid crops will hardly deter public sell-
timent. nil other things being favorable,
and the market lias burdened ns n result
of these considerations. Meantime, by the
simple process of mm-support. we are hnv-
*-- n small reaction, which, we believe.
only tempt more extended public In
terest In the trading."
Think this stork market Is a purrhase
right here.
New York. August The coffee mnrket
M. -I -r,•:I, 1 Ml I, ,]■• Mill- "f f" l-l points,
which wns considered a very good showing
lu view of the lower French cables. There
wns n good demand at the Initial decline
nnd during the morning prlres rallied. Most
of the loss wns recovered nnd I11 the early
afternoon only n couple of months were 5
points lower, while the balance of the list
was net unchanged.--Glbcrt ft flay.
K —(Vs|h
7.1" 7 15
7.15-7.20
7 ’J" 7 :5
7.8>-7..%
7.40-45
7.45-7.50
7.60-7.66
T.'F* 7 116
7.00-7.06
Sept em
WWA..
November.. ,, ,.
December
Closed steady.
(Ml
IM Lra
7.10-7.15
7.10 1
7.20
7.36
m
i’lSi-V-M
Hpaolal tn The (I-nrglan.
Newberry, B- Au*. *.—One of the
lan(e,t ahlpm-nta of cotton from New.
berry I" several yearn was .made by
Mr. O. Melt. Holmes, a cotton buyer
of this city. Twelve hundred bales
were shipped In one lot, the destination
being Liverpool.
DlRECTORS CAN'T MEET:
NO QUORUM PRESENT.
leas excesses are i-nnimltl-,1 lu the »* , "' 1 i' n. private Lensol Wlro.
market. The market therefore will probe- v„li ' a r.
Iiljr remain lana-ly |,r„feaal,mal with mod- New York, Auj. I. It
vrate Imreaaea lli public Interest from II --..-i
In time. Whether I! la lens atoek anlil on
profit account ilurlM* atrenalk. or whether
tl.'a la merely offere<raa a cheek, makes hut
II tie Illfferenee. the dally operator and «•-
tr.vanre will ab<iw that some stock la behin
(P.-rcl nu strong aunts.' and we recoin-
mend that attention lie riven In the limits
Indicated In tletallcl atatrment. The ladley
seem a to lie also to force the ahortaye to
take stork, aa maulpulatloti la hnlllshly con-
dorted. and In this way lasuM that are over
raid will lie raised more than others.
Whether Of not they really deserve a Writer
level, fhttallie of the aperUltlea therefore
It seems wl» ‘ — - —
|!S OlltlltlHl.
THE LIVE STOCK MARKET.
fly I'rivale Ismael Wire.
• •hleayo. An*, t.-lloyi:, natlamled re
ceipts today. ».«I0. Market I to lflr lower;
duality fair; left over, 4.MI; hulk. HCKfflJt:
eatlmated for tomorrow. SAOO; llffht, kfld
6.0); mixed. S.4666.16; henry. tt.70fl6.Wtt;
no,ah. i:, 7 j»); pics. ./''rh-rs.
M VO)660; good to choice krnvy.KSttidd).
t'attle—Ifttlmated receipt*. *MSi S»rk*t
steady to a shade loweridttallty fair:
P: stockers and feeders. $2.4fi«4.26.
Kbeep—KstlinatfNl receipts. 20.0)0. Market
Steady: qoailtv fair; native. $2.W0S.$S;
western. $191«6.26; yearlings. U.^6.16;
aha. tunnim.
an authori*
Utlvely Minted about noon today that
It wan Impossible to secure a quorum
for the meeting of the directors of the
Colorado Fuel and Iron Company,
which hnd been called for today.
SOUTHERN EXCHANGE
Oldest Established Ofllre South.
COTTON STOCKS BONOS GRAIN
Ground Floor Gould Ilulldlng. Dally
market Utter nnd market manual
mailed on app!l***tl<m.
INITIAL PRICES
SLIGHTLY HIGHER
Heavy Rains ill Winter mid
Spring Wheat Belts
Chief Influence.-
CABLES WERE FIRMER
Cash Interests Good Buy
ers—In Late Trading
Most of Advance
Lost.
Ry Private Leoaed Wbe.
Chicago, Aug. I.—Closing prlf-es for
the day showed wheat l«4c higher,
corn l-SCP3-8c better, oats up 1-H@
i-2c, but provisions were off 6<Jil7 1-2o
Cash transactions were 34 loads of
wheat, 8 loads corn and 60,000 bushels
oats.
At the seaboard, 18,000 hunhels of
wheat, 125,000 corn and 1J0.Q43 oatn at
Chicago.
The weather was gtU| against ths
bears nnd many shorts In wheat cov
ered. Thursday Is Jo be a fair day In
sections of the winter and spring
wheat belts where needed an*! the mar
ket will doubtless bo adversely affected
by th-* change IhialneeM wns "f mod
erate size and It was composed large
ly of professional "chargea” In all tha
pits.
Primary wheat receipts 1,326,000
bushels, and corn 340,000 bushels com-
pal ' d tv I1I1 1,lei,000 and 445,000 bushels
respectively a year ago.
Clearances for the day 225,000 bush
els wheat, 396,000 com nnd 8,000 «>ats.
CHICAGO~GRAIN MARKET.
Following nre the Chicago grain nnd pro-
, IsImiH market quotations for today:
Previous
Open. IHgb. Low. Close. C’losa
WIIEAT-
lept. . 73% 796 734 734 734
Dec. •• 78 764 754 75 "SN
May. 794 804 794 79H 794
(X)R2f— |
Sept. . 494
‘>r. .. 4M
oatA—
Sept. . 314
Dec. ,, 324
May. . 344
PORK-
Sept. .17.10
Jon. .14.10
LARD-
Sept, . 5.824
s V24
V «M
1.16
9.20
8.90
7.524
No. 8 hard wlntc
CHICAGO CAR LOTS.
PRIMARY MOVEMENT.
New York, Aug. 8.—Tho Sun says:
"The decline of 12 to 16 points In
cotton was traceable largely to
Southern selling. New Orleans nnd
the South generally nont large selling
orders In October nnd December, and
local bears took advantage of the op
portunity to assist In depressing the
market. Commlslon houses which
bought on Monday sold out, and there
a lack of support. Tho stock'hero
continues* to decrease, tho total amount
In licensed warehouses being 86.819
hales, against 133,080 nt this time last
year. Dullish crop reports were re
ceived from tho Atluntlc atntes, but
the complexion of tho market changed
Inter on when the South appeared ns n
heavy seller. The early buyers liqui
dated, Wall street sold, so did spot In
terests, while support was withdrawn.
The lack of support encouraged benra
and gavo rlae to the belief among Wheat..
some that the operator recently ng-
grcsslve on the bull side hnd nbnndon- -- * "
ed the campaign. However, this may
be, sentiment wna more bearish than
ever. The future of the mnrket hinges
largely on the weather. The cessation
of the showers In the Atlantic states
nnd Texns would probably ho regarded
by many ns a sign for further aggres
sive operations for the decline. In any
event the weather Is likely to have
much to do with the course of the mar
ket In the near future.'*—Glbcrt A (’lay.
New Orleans, Aug. 8.—Tho Times-
Democrat:
''Headstrong scalpers nnd unhorsed
longs upset the logical program yester
day's cotton market should have fol
lowed nnd tho American rings scored n
decline in place of the anticipated re
covery. The heavy movement of new
cotton nnd the spreading conviction
that the crop Is ruit only fairly early,
but quits large ns well nre tho Imme
diate factors underlying the general
price pessimism, nnd Ruropf must evi
dence nn Intention to do business on
the telling scnle in the very near fu
ture If a further decline Is to be avoid
ed In the absence of a crop scare. On
the whole, the situation does not war
rant crumbling values nt this time,
though the public Is beginning to sell.
Tho new season's supply and demand
relations nre not yet well enough de
fined to justify ape*'-illative conviction
other than that the bottom, wherever
It may be, will be found well above
price Ideas based on ancient logic.
Meanwhile, the talent Is slowly forc
ing the price down to a level where the
Inducement to buy tho stAple must ap
peal to the spinner strongly enough to
turn the tide nt bearish sentiment
whlrh Is persistent If not rampant
—Ware A Leland.
494 494
314
324
344
9.174
A s74
7 624
Today. Tomorrow.
The following flgurex give the primary
movement of wheat nnd corn:
Wheat—Receipts today, L236,000 l»URh<>li,
ngalnst 1,104,0(111 ImzhelM hist your: ship
ment* today, 792.000 bushels, against 749.000
bushels Inst yenr.
Corn—Reeelnt* todnr. 340.000 bushels,
ngnlnst 466.000 hushel* Inst yei
totlay, 4U0.OOO htiflhelM, ngnltist
todnr, 40B.Q0O bush
••In In wt yen r.
r; "111inner
PO.OOO hill
LIVERPOOL GRAIN MARKET.
Wheat opened 4 higher; 1.30 p. m.,
higher; eluted 4 higher.
Corn opened uneaimgedj 1:80 p. ni., 1
changed; cloned 4 higher.
SOUTH CAROLINAN8
ON TRAMPING TOUR.
S|we|nl to The Georglnn.
Newberry, H. (?., Aug. 8.—A party,
consisting of \V\ G. Mays, \V. A. Me-
Fall, Tom Wicker, James F. Kptlng, Dr.
James P. Klnard and Rev. John K.
Graves, left Newberry this morning on
ramping expedition for the moun
tains of western North Carolina. It
expected to make the entire trfpw
hlch will occupy several weeks, on
foot.
Mrs. Paul Hsuimsn.
Funeral service* of Mrs. Paul Haul-
man will be held nt the residence, 467
Washington street, at 4 o'clock Wed
nesday afternoon, Rabbi David Marx
offirInlng. The following will act as
pallbearers: M<»*e Ilium, Meyer Reg*
enateln, Lee Kahnweller, Mase Strauss,
Strauss, Jo 1111 * Simon, Abe Green
field anil Marcus Loeh The Interment
111 be at Oakland cemetery.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Corraspondenfs Capital $250,000
RCfCRCNCC. TMC NCAL BANK
PHONC 1417. PRUOfNTIAL BLOC
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
Htm Oman.
WARE A LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
It*. 2 Wall SI., taint BaiUltq. Attasta, 0a.
vtvrfss.
Atm fork Caltoa htkaagr.
Atm Orlean 1 CflUfli Itthtaqa.
literrofl’ Calfaa Aito'.laflaa.
hltale Wirtt I* Atm Ytrk. Atm Or/#••». Chitaf.
Ball thoat 1267
Chit tit Star A at Trada.
Chltaaa Sloth hthaaqa.
Ham rath Cotlaa hthatf*.
f. C COmtMA. Wataif.
Standard rhaaa Ok
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT! INVITED
We invite accounts of individuals, coqxirations, banks
and bankers and offer the best terms (consistent with
conservative banking.