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THE ATLANTA GEORGIAN.
tVLDNF.SDA V. AV(i1 ST S. 19 t
JOSEPH B. LIVELY
J %fr Lively's 3 ve*r*‘ experleae* J
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE JSSSS-SSSs |
FEELING BETTER
IN COTTi MARKET
Liverpool Houses Were
Free Buyers iu the Early
Trading.
MARKET RULED FIRM
Heavy Rains in North Cen
tral Texas Was the Chief
Influence.
By Private Lease-1 Wire.
New* York. Aug. 8.—Iu the cotton market
Public cobles were disappointing this morn-
Inf. The bearish force of the advices from
abroad, however, was more than offset by
reports uf heavy rains in north' central
Texas. Houses with private wires bought
on the crop news and Liverpool house* pur
chased October and December quite freely.
The list ruled tlrm after the srart.
Liverpool this morning somewhat better
than expected In the futures department,
opening about 5 to 6 points lower, whereas
it was due to come about s points dowrn.
Futures recovered part of tho loss on the
^hTtho spot deprrMnent n better demand
was noted, sales aggregating 7.000 bales at
t decline of 9 points, making middling Mid.
The New York market opened steady at
unchanged prices to nn advance of 3 points,
which was nor a full response to the show-
lug made by Liverpool. The tendency Im
mediately niter the opening was toward Im
provement. prices at mid-day showing gains
bt 10 points all along tho line.
It was reported that there was some cov
ering on the storm In Texas, to which the
advance was attributed.
The weather continues favorable.
The semi-weekly Interior statement shows
receipt* of 1,342 bales, shipments 10.689.
stock 1^2.822. No comparisons with Inst
yetr given.
Receipts of new eotton In Texas are In
creasing. 166 bales being secelved In dal-
Tea ton todny. Augusta got one iicw bale.
8POT COTTON MARKET.
Atlanta—Steady nt 10%c.
New York—Steady nt 10.70c.
l ew Orleans— Oufot at 10 5-16c.
Liverpool—Steady at 6*81iL
Augusta— Steady nt lOKe.
Kt. l/mls—Quiet at 10%c.
Savannah—Quiet nt 10 6»16c.
t'olunibns—Sternly nt 10Hc.
(ialreston—Steady nt 10-So.
Baltimore—Nominal nt I0$ic.
Wilmington—Nominal.
nt 10c.
Norfolk—Quiet nt 10%c.
LIVERPOOL COTTON MARKET.
j.—8pot cot-
Middling uplands, 6.81(1; suU*s_7,000, ^Auicrl-
prb
7,0 ■ ■
xport &JQ, re-
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to (}lbert A Clay,
New York. August A—Liverpool 54 dot
was expected 7 to s down.
The market has n steady toon Lit
pool and commission house* baying <
to the reports of further heavy rains In
Texas, which also have a tendency to
check selling by the local trad*
Carpenter Bag tot t X (*o. say:
moment the market look* like a scalping
nffnlr with possibilities for a quick turu
either side."
Carpenter Unggott A* Co. sny: "For
favor the short side of the market. 1
less we are ntdh-nlly mistaken ’In our
reading of conditions, tlio market Is
the verge of n very sharp brook. Our ca
bles state that Manchester advices
so bright as they were."
The Journal of Commerce snys: "The
dry goods market Is In n very healthy
dltinn, the day's movement from primary
bands and from Jobbing houses having b
exceptionally good fn staple lines. Prices
are showing a tendency to advance li
ernl lines, but It Is plain that the
levels arc being forced uaturnlly and not
through any desire of handlers to
fair values on merchandise that Is In de
mand. Many factors In the trado believe
that the present season Is to be ftu ex
ceptional one In the volume of tradt\ and
their ennrlrtlons are based solely on the
business'nlrcndy booked.’*
New Orleans, August 8.—Liverpool at
down Is about ns expected on our market.
Today's map. Is excellent—clear and dry—
the only moisture recorded being In Ar
kansas. Texas Is partly cloudy, but
rain hat fallen In the cotton growing dis
tricts of tbc, state.
Mlnofrlo, Forgan & Co., Liverpool, cn-
"Market looks higher ou gopd buy
ing."
Tho market Is extremely narrow Insofni
■ outside Interest Is concerned, and trad
ing this morning has been largelv routined
to transferring nt attractive differentials.
The -relative Liverpool differences hns ulso
“ttrnrtdl n moderate quantity of strn<‘”
Texas friends say: **We still beilev
demand for August cotton will bo stifll-
dent to sustnlu the market. Early
START IN STOCKS
WASJRREGULAR
Good Sprinkling of the Act
ivc List Showed Un
changed Prices.
RANGE OF NEW YORK STOCK MARKET
READING IS STRONG
Copper Opened a Fraction
Lower—Later Recovered
to Last Night’s Close.
trying to outbid c-nrh
ton prospects are Ixdng blighted by ever-
Increasing weevils. If such were not the
ease, our part of the country would make
good rotton crop."
Kennedy, nee eannty, Texas, wires: "Cot
ton is n*»w coming In nt n lively rate and
pickers are In demand, and while this
crop Is gtw*1. the yield will not be
heavy ns expected a few weeks ago."
A special In the Tlnies-Doninerat from
Waco. Tex., snys: "West Central Texas
has been visited by torrential rains. Con-
Trfrate Wire to Ware A Lelatid.
New York. August I.—Liverpool future*
opened steady. 6 points down on nenr and
0 down on Into; nt 12:1t juu. 4 to 7 down
and barely steady. Sales. 7.<YW. Knots 9
points down nt B.Sld for middling. Futures
due to come about 6 to 7 down.
The New York eotton market opened
quiet nnd steady. Just ns ilao on Livei
pool.
Liverpool bought n llttlo eotton lien
* “ *et market today. Thin
her map
By I’rlvate Leased Wire.
New York. Aug. 8.—Basing ennclusli
chiefly on the speculative position, tho pre
vailing sentiment Iu the morning's market
was In favor of some reaction. It was felt
tlmt with such n narrow trading Interest ns
lifts characterised the movement of prl<
tor the past week the rise had gone t
fast to hold without some setback. Acting
<n this view, there wns heavy selling for
both accounts during the session, and
storks which have recently been leaders
•f the rise fell rather sharply. Some out
side rondifIntis emphasised the failing. One
the likelihood of the dividend on Con
solidated (ins being passed altogether, as
suggested by the fnllure of the executive
ommlttee yesterday to net on the question.
Another was the Increasing doubt ns to
the dividends on I’nlon nml Southern Pa
cific being raised In the«nenr future, this
skepticism being based on the disappoint
ments nlrcndy experienced ou this score.
Finally the heavy cash losses uf the banks
nnd the accompanying signs of hardening
Iu time money rates made an unpleasant
Impression. Tho .idling did noL however,
appear at nil hurried, nnd slackened on the
decline, the markit*at mld-dny being ex
tremely dull.
In the stock market opening figures show
ed Bt. Paul, New York Central. Sugar and
Pnlon Pneltle unchanged. Heading started
up 14 nnd reacted 4. Annroudn gained 4
per cent and Pennsylvania, on 7,0»J shares,
srored an eqt a! Improvement. Colorado
Fuel. Erie. Onfnrln nnd Western, Boiithern
Pneltle nnd Cnnndlnn Parltie gained 4.
Amalgamated opened off 4. bat milled to
last night's close.
The stock market during the first hour
ruled heavy and prices generally showed
declines from 1 to 2 points. It wns hard
~ml any special Incentive for the and
_ change. Pennsylvania continued prom
inently active and strong. A. Eckstein buy
ing 10,000 shares. I^udon was nlnu n heavy
buyer of iVnaaylvnnbi. Brokers uiitrblng
trading sny that a large part of the
jg wns for Saratoga account. Iu the
Inst lew minutes tbj » -»(n f of stick. 01
peared oxhnusted nnd r»b* *4 buying o-dot
appeared prices easily .-'iPed. London wn
a heavy buyer of l»«n1..»g a 11 i’ennsy
ratlin nnd sold other .11/ *r lutlounl Issues.
Ooverumenja unchanged. other bonds
Arm.
tj.-am.Ked Conner...,,,,,.,
•ricn 11 Sugar tteilulng
K.-rttdtig
Brooklyn Rapid
Canadian l'nrtflf
Chicago and No
do. prefei
Ml..-
„ Western.
( hi-ago. Milwaukee and St. Paul
Delaware ami Hudson
Distiller's Securities
do, preferred ......*.
General filer trie
Illinois Ce.itrnl
American Ice Securities *
Louisville and Nnsbrjlie
Mexican Central
Missouri Pneltle
New York. Ontario nml Western
National Lend
Northern Pacific
New York Central
Norfolk and Western
I\until-
I Ot*»tilllUh!l.ow I Cl
PMV# l'rtkj 10
112 112 1 112 11
131 , nsy 12.; 1 in
121 Vi' 1214 lju'i' lJ'S i.**s i-"
16$ f> * 16.’S
2064 2»«».
614
64$ 6«8
»4j »U[
Mtr
il Steel Cr
•In, preferro .................
Pnelfle Mail
Heading
Republic Steel
IltM-k Island
do. prefeiTtMl
I/alted Stator f(uhb«-r *
do. preferred
Southern Pneltle
Southern Hallway
do. preferred.....*...........
Sloss-Sheffleld
Tennessee Coal and Iron
Texas ami Pnelfle
Union Pnelfle
United States Steel
do. preferred
do. preferred ,
Wisconsin Central
do, preferred
Total stock sales todny, 656A00 shares.
NOTES OX CHAIN
Pointers on Provisions.
PrJwite Wire to Ware A Lof/iod.
Chicago. August 8.—Expect a flr
wheat market, but If trr Imre a fair b
today would sell wheat short for n »
The heavy rains should ho a stimulating
Influence to oats
wrlght ami Wefts rood tellers of May
corn this morning. I pdlke beat buyer of
Wheat only bnndy steady at tho opening.
Not ns much tmll enihtitl.iNm as riper'
1'cnvy nnd Ho-eubnnm iH.ugtn.
May be dealt wrong, but In-Move th«-> uc
full
enk It ha
and auy
elltn
all wlU
US4 18541 1^4 K
dtork ynnls and locals
_ Brokers thought to be
Armour bought September j
t'hlrago Inter-Ocean: The a
ipri-ftfleil With the idea that
r.i*4 «y4l |5S 1 Ok O 1 674 1-,
1154 H.*»41 11*4 lilt*! 1*>4 H5-‘
2*^1 I 201%1 2W
ill t ms i«4i n«««, im
M4 914 ‘.d M I !*•'
ia i lr.**, I114, 1364 i»\
me little deterler.ltl
heavy rains mi tl
«en cut and put In
INITIAL PRICES
SLIGHTLY HIGHER
Heavy Rains in Winter and
Spring Wheat Belts
Chief Influence.
CABLES WERE FIRMER
Cnsli Interests Good Buy
ers—In Late Trading
Most of Advance
Lost.
of futures In
l?l { 131 132
SeptemU-r. si* the coni pit gossip runs, nml
a good line of May. Mike Cudahy hns been
“ ■ — f 1 for fix week*
ling,
is Ira
'Hii!
•-.kil
m 1 i"Tw
n*, T5\ 7n<{
874 37 1 8*4/
ul .May hns be
jd May froi
St Sr.
7641
IV. I 1564
SJ4 SUL , rr
ll]41 157 S 166 Mfi 15ft', lb. 4
4641 40% 4041 4"4 4"4 40%
1064 10641 10M» l'6w| l'»4
3SU j;‘J 87L 374 >4
.xr 1 — 1 -a-i — 1M <rt 1Q9
ilcngo. August 8. — LIrerpoof responds tt
wheat firmness of yesterday. There
ns to be good basis for ax barf fog far-
■ ndvnmes In prim,
iteentlal Interests rontlnuo to buy May
S5l| mt
cfins
flic
914 91S 914 914
16
46% 46
2541 864
i <"4i
474
ntlng threshing ro
ll Admit oats will do considerably
Id snys; Export an lea
... . 11 inn*, were renorted Inst
t 30L00O li
hetti
Chicago RMord-II
af wheat, nil 1
strouger tha
tho
RANGE OF THE COTTON MARKET
utnlued
The a fie
of the
rridsi
■MP! Id da
effect Ion of flu ,| a y’g gnlll here
AT NEW YORK.
Th* foP'/wlng la the rang* In cotiox
futures In New York today:
I^ist PrariPtu
Open. High- » ov Close. Cloco.
Aug. .9.60 y.ftT 9.60 9.67 9.04-64 9.60 f.l
Kept. . 9.68 9.16 9.68 9.74 9.74 75 9.8J-70
Oct. . 9.83 9.92 9.K3 9.80 9.88 89 9.824(3
Nov. . 9J*rt 9.96 9.96 9.96 9.93-95 9.K7-84
Dec. . 9.95 10.04 9.91 10.00 10.00 01 9.93-94
»•••». .JIMS 10.12 10.02 10.09 10.06-09 10.01-02
Fob 10.11*18 10.0W8
,.»r. .10.16 10.22 10.16 10.20 10.20-21 10.18-14
Cloaed steady.
TIPS FLASHED
From Wall Street.
AT NEW ORLEANS.
arrived In Chic,
spring wheat of the
yesterday. It
Th* following Is tho riiuga In cotton
futures Id New Orleans today:
Last Prat Imts
Open. High. Low H*lc. Clos*, ('lose
Aug. .10.21 HX2I 10.15 10.17 10.17 26 10.24 2*'.
Kept. . 9.99 1) 9.FJ Irt
(»et. . 9.84 9.92 9.81 D.S3 9.K9 90 9.85M
Nov. . 9,89 9.9) 9.89 9.00 9.91-93 9.K6 K.H
Dec. . 9.87 9.96 9.H7 9.03 9.92 03 9.81 kU
Inn. .9.96 10.02 9.96 9.99 9.99-11 9 95 96
Pel 10.04-06 99V
Mar. .10.10 10.16 10.10 10.15 10.1315 lO.CMD
Closed steady.
lly PrlTate I.enied Wire.
Chicago Aug. 8.—Closing price* for
th* day showed wheat l-4c higher,
corn 1-8$3-8c* better, oats up 1-8®
1-lc, but provisions ware off 6tri7 l-2o
Cosh transactions were 34 loads of
wheat, 8 loads corn and 60,000 bushels
oats.
At tho seaboard, 13.000 bushel* of
wheat, 125,000 corn and Ho.tlxifl oats at
Chicago.
. Tha w eather w ns «UU against tha
bears and many shorts in wheat cov
ered. Thursday Is to bo a fair day In
ectlona of the winter and sprln*
.heat belts where needed and the mar
ket will doubtless be adversely affected
by the change. Busin* m wns of mod
erate slzo nnd It was composed large
ly of professional 'Yhargas" In all tha
pits.
Primary wheat receipts 1,326.000
bushels, nnd corn 340,000 bushels com
pared with 1,104,000 and 445,000 hu«h*la
respectively a year ago.
cienrauteM for the day '2 25.000 bush
els wheat, 396,000 corn and 8,000 oats.
CHICAGO GRAIN MARKET.
jo grain nnd pr<v
SOUTH A SELLER
CAUSED DECLINE
Open.
WHEAT—
Kept. . 734
nigh:
l**r. A. 454
MnyT, 464
OATS—
K-pt. . 314
COTTON SEED OIL MARKET.
Aug.
in
and Jn
3 Pi
POHK-
New York,
.on seed oil
vember, Hereml
at Sle mi the early
The weather map could hardly be more
favorable. Hardly any rain 1* reported
LONDON STOCK MARKET.
Previous over the cotton belt.
STOCK—
Kept.-4 let, . . .
(let.-Nov
Nov.-I lee. . . .
Pec.-Jntt. . .
Jait.-Keb
Feb.-Mar. . . ,
Mnr.-Anrll. . .
Aprll-Mny. . . .
Closed steady.
5.57-5.65 5.68 6.63 „
(.51-5.50 6.52-5.63 6.5^5.67
M6A.45 5.4*4.49 5.514.62
6.434.41 5.44 6.474.4S
5.434.41 5.444.45 5.474.48
5.434.42 5.444.45 5.47-5.48
6.44-5.42 6.454.46 5.484.49
5.474.48 5.6)4.51
5.524.53
6.634.51
Clenuy bidding 9,90 for large quantities of
December, supposedly for Brown covering Anaconda.
— Atchison. L . . . T
Atchison prefcrrwl.
Baltimore and Ohio.
Cnnndlnn Pnelfle. . .
Chesapeake and Ohio. , . .
Chicago, Milwaukee A Kt. P.
Krle
Illlnota Central
l^iilsviUe A Nashville.
New York Central.
Hendlng
Houtbern Pnelfle.
TODAY’S PORT RECEIPTS.
WARE A LELAND’S
DAILY MARKET LETTER.
Th* following table show* receipts nt th®
Pont today, compared with the sanio day
last year;
New Orleans.
Galveston. . .
Mobile
Savannah. . .
Charles ton. .
Wilmington. .
Norfolk. . , ,
Boston.
riiliadelnhtn.
Pensnroin.' . •
Total. . . /
INTERIOR MOVEMENT.
The following table allows roeelpt* nt the
Interior town* today, compared with the
■awe day last year: %
Memphis.
St. Lulls,
GIBERT A CLAY’S
DAILY COTTON LETTER.
New Orleans. August 8.—IJverpool rlupsd
•teady with options showing n Ins* of
from 2 to 4 points, while spot trnnsn«*tlons
were iiuntcd 9 point* lower, *ale* amount
ing to 1.66) bain. Cable news wo* extreme-
•T *rarcc and uninteresting In *h«b"
nuy light on market affairs. There
paw* Increased activity In the market dur
ing th* day, primarily due to th* attrac
tive differentials existing between the *cv-
.eral markets, which, slneo the bureau re
port of last Friday, have beep slowly re
adjusting them soli**. Nevertheless, the
junrket I* extremely narrow nnd lacks the
I wonder stroke af a more general Interest.
Weather conditions are ng.-iTn excellent, but
report* of .inning*, some actual, but th*
greater portion nntlelpntory by the rtront
excessive moisture, bare caused n consid
erable hardening up of prices augmented
considerably by covering of th* short scalp
ing Interest. However, sentiment seems to
If against .th* market nnd takes the more
tangible shape of assistance when declines
l+eome Imminent, whereas support i* «
Winn* quantify when necessary t<* further
an advance from whtfb It might possibly
L* Inferred that the market's large short
Interest Is mythological.
THE SUGAR MARKET.
Rr Private Leased Wire. %
New York. Aug. 8.—Ix»cnl refined and raw
*ngar quiet, but unchanged. London beet
•Market firm; August 9s 2«*d, September 9s
New York. August I.—The morning pn-
K ers printed extensire accounts of mer-
nwa In Texas and til* territories, which
were stated to l»e rather destructive Iu
many directions. This change In the weath
er situation, coming after such pxtenslvi*
liquidation of the Inst few day*, wns suf
ficient to start a covering movement that
lifted prices about 10 point* from the low
level touched yesterday. On the advance
many who had covered slmrt cotton hegnu
to sell moderately, nnd there wn* *0 much
for sale over 19c that th* demand wns not
aggressive enough to lend traders to re
gard the situation ns changed. Cotton has
had nn extensive decline the past ten day*,
and a reaction of 10 or 20 points la not nt
nil nnllkely. But the question eoncernlng
a more extensive recovery I* one thnt re
main* to be determined. It will be re
called that the largest jwops the South
ever raised, a* regards the production of
lint per acre, were those of 1897 and 1898.
At that time there -were floods In the
raring nnd overflows Inter In the “***"
that proved beneficial rather than
wise. Unless the damage becomes serious
we fall to flml anything In the cotton
situation to Induce general buying for high
er prices, fit fact. If trill require consider
able dnmng* to prevent cotton weighing
on the market.
New York. Angust 8.-The stm-k market
wn* irregular today nnd gave evidence of
following a trading fluctuation, which we
expect to see cootlnncd for a time, and
w* recommend that the trading roles still
In* observed, buying on weak spot* after
n recetalou nnd selling rice versa, urronl-
Ing to the Individual poll Cion* of t h* ******
shown by technical and other dedtic-
nr w* would only attempt to liecoin*
ircslrtlj bullish In specialties vie
lv handled. Judging from the "f»tlo
this writing, for the money ritaatlon I* not
rltur and we do not believe a big bull
market I* likely until money la easy.
Pnelfle.
issii i
Prtvnte Wire to \Nn
Now York. Alia.
v. 11li mom•> easy. ■ , ... ..
There arc hint* of money flurries In Vail
street before the week* end. — •«
seven months’ loans now P*
Cloud opinion leans, to
market f
lull nnd heavy, with N
' ry nil offerr
_ I/r _ 'lb fir din
cries slowly feeling th* effect of the In
proved Ideas regarding
Near dc*y\cries were'ill
Kept
.17.16
.14.10
HI DISK-
ailing
velopment
9.174
Jan. .. T42 1
vent.
aanl taking on
Western * rails on dip*. That# !• n very
strong pool In them and n Jl il”?
ivlth 1
lode
•ong pool
dlete»T that
1574* *i» • m ■ 1
Wk Professionals nro atlll bearish
■ga-tunltles 11
_ .d wnteb-
It, O,qnu mnlties. leather look
far an Irregular market nnd believe It ad
visable to secure profits on nil upturn*.
l.ook* a* If a lot of long stock* had been January
thrown over, and they ore colmng ont Iu Cloaed steady,
hunks. Believe they van be bought lowr-
lower to Uglier.
Opening Close.
. 87*45JT'4 mp3*
mi isiii
STOCKS REVIEWED
B YNEWYORJC SUIs
’ New York, Aug. 8.—The Run sava: llli
tiled at the opening «»f the inn
. tendency during the first hour wn*
strongly upward, so that by 11 o'clock sev
oral stock* made new high record* for thf
»re*ent movement. There was a better
Jedlog In Europe over poll Weal situation,
nnd in ijnndrm conaria and Ruaalan Imndi
were quoted higher. The resrmptton ol
business In laaita bnmght some foreign
buying orders n» the opening, but there
was a reversal of this position, later sto*k
lu-lng unloaded on the advance.
There was a continuance or good buying
noted In the United Ktntes Rteel Issue* yea-
terdav, and n tHirtion of the ahort Intereat
w*» forcnl to cover.—Albert & iTay.
,„»w. Jones & (’(».** summary: Americana
In London quiet, but mostly rather above
*Loiirion mnrket generally cheerful with
urlher advance In consol*.
Hub way flooded ln«t night below Four
teenth street.
U*Jlruads will te*t congtltutlonallty uf
raliwar rate Mil.
Bussiau gorcrnuient Issue* call for new
doutnn. j- . ....
({rent Western July earning* largest In
company's history.
Stocks plentiful In the loan crowd.
Twenty-nine roads for fourth week of
July show average grow luerease of 14.75
Favorable crop condition* cause check to
advance In commodity prices .. / >
1 guidon reports easy money nuffook.
United States Steel earnings for July
rcro In excess of HW.irt".
Fairly advance In lOBMfjr Iron expected.
Twelve Industrials advanced .12 per rein.
Tnnity active railroad* advanced .13 per
cent.
Private Wire to (ill»ert A Clay.
New York. Ang. 1.—Marshall. Fonder A
CV: "Uapreeeilented railroad enrnlnc* nnd
splendid cropa will hardly deter pnMtr **n
tlmeat. all other thing* being favorable,
nml the market has hardened a* a result
of these mustderattona. Meantime, by tln
sltnpje process of n>
ATLANTA MAPKETS.
FRUITS AND PRODUCE,
orrirl.llv r.irr-ftdl by Atlanta Ftult im
Fradon- elrh.i
lAinou., Jl.TltibXO.
Limes W to i&c.
peaches, per crate, ll.fWBA).
Plnenppler, ILM'to $2.50.
Il.manat, straight*, bu»*ch ILM to
$1.76. Cull*, per yntt. $* I* $1-25.
hav-
filch, wc believe,
itended public In
terest In th** irndlng."
Think ttxlw stock market I* a purchase
right here. . . _ .
New York Financial Burenn: "Curbing
.jf raeculntlon Is indict fed hr pabllr nnd
private Interviews with banker* who do
not anticipate any stringency In money so
le** electee* are committed In the stork
market. The flinrket therefora will proba
bly remain largely
August 87 , 4'?/.Tr4i $7Vf»;W
heptember 87 y37Vi 37 • 4/37*4
October WHvXUi ::v/u.TD«
November
• -* . 3)'ili31 mk<br>K
. 39 if 31 30 090%
I »eeenil»er
COFFEE MARKET.
New York, Angust 8.—The coffee market
np'-m-il lit :i decline of |U polllls.
which was considered a very good showing
In view Of the huver Freneli cable*. '
was a goisl doniaud nt the Initial d
nnd daring the morning prices rallied. Moat
of the loss vrn* recovered nnd In th
afternoon only n couple of month*
points lower, while the haul Dr** of
< In
.March.. ,, .
April
May.. ., ..
June
July
August.. ..
September..
7.01 7 «
7.6ft 7.70
7.05-7.20
7.10-7.15
the list
I]
Closing
7.10-7. IS
7.15 7.20
7.20-7.25
1M-1X
7,40-4_
7.45 7 50
7 ftu 7 55
ISM
7.00 7.06
toit.io
L. J. ANDERSON A CO.’S
DAILY COTTON LETTER.
s»w Ynrk. Aue. 1.—Til, fnn-lirn mnrk,t
nmlii r»II<vl tn r,«p..n.l fullr to th, ^,.-Iln,
In nur mnrkrl. Th, Mw trnil,r» p> ««>
th, )<l,a. HDtn for r" nunny yenn, that
It la poor policy to *ell cottou In the early
dny* of August. Just at the time when. If
we are to bare any crap ware* nnd coin
plnlnts. they will begin com Ing in. Wr
have had favorable weather for the most uf
flu erap UP t<> tht* time, hence old eotton
people think It very unlikely that this
^ G of affairs will continue thffMgti An-
_ Tlie critical period will extend until
about the middle of Heptember. nnd al-
readv complaints arc beginnlg to come from
Texas at to boll weevil, rust nnd shedding.
While this la not serious up to this time, a
eoutlnuanee of either the numerous ruins or
a spell of drouth would prolmblj do a great
deal of harm. _ . . . .
In the Atlantic state* it I*
the best posted person* thnt the yield will
tv under last year. !■• addition to this,
mder IV the Hontb I* not going to torn
lno«e reach cotton until a much larger
yield than at present Indicated becomes a
certainty.
UOuEtHY AND COUNTRY PRODUCE.-
/?• hen* £» lo 37Vic; fries 22% to 25e:
broiler* 15 to 22^c. Lire duck*, rekla 3J
to 3Sc; puddle 25 *o,27V4c.
Dressed hens, per lb., 12c ta 13c.
Egg*, per dozen, 16 to 16c.
Butter, tabic, per lb., 20 to 22V4*?; cook-
g. per lb., $8Vkc to 15c. .
Honey-New ri/lOc IU; In l ib. rack* 104
_ lock *ol(.
act li. or whether
beck, make* but
iperntnr nnd nh-
' iek I* liHng
reconi-
G12c.
Na
VKOKTAIJI.ER -IrDh potatoes,
storfc il l.arr,l: No. 1 «iook KM.
Old *weet porntoe*. per bushel, tl to $L24;
e «vMi i»otntoc* $1.60 Imshel.
FLOUR. GRAIN. PROVISIONS.
FLOUR-l'osti-l* Patent. $6.00; Dhuoo&d
pntent. $54:; Mascoutab Ftnr, I4.C5: fancy
paten*. 14.65; Red I’.ncle. $4.40; Bine Ribbon,
fancy, $3.90; spring wK-nt pntent. $5.25
danal with mod
•rate |oere«sc* In'pnbllr Interest from time
to time. Whether It 1* lr~
■rofit account during *tri
»:. I* merely offered ns a
\\ tie difference, the dally
tee ranee will chow that m
c0 ‘red mi strong snot*, nnd we
mend that attention he given to the limit
Indicated In detailed statement. The policy
seem* to Ik* also to force the riprUigo to
tnke stuck, a* manipulation I* bnlllshly con-
ducted, and In this 'ray Issue* that are over
sold will he raised
whether or not they r*
level. Outside of the
It w-cm* wise to ob*ei
a* outlined.
THE LIVE STOCK MARKET.
vhlte.
18 K. ALABAMA
GIBERT & CLAY
SkrTO*N. auanta.oa.
correc. paoviaiowa
M CM SCRli
New YorV «t«vk R*rh*nM |V»w OrlMiia Cotton Exeh*nge.|ChIc*go Board of Trade.
N/sr York k Cotton Exchanf?. New Orleans Kt«-k I.VsUesm i Cot'Jon riThJingl
New York Coffeo Exchange |New Orleans Board of Irnd* »*i\e*ton ion n i.x nnugn.
Private Wires to all Exchange*
to $5 75.
fORN—Choice ti-*. -ol*. 76c; No. 2
75e; No. 2 jrJUnr. T4e; mixed. 73c.
<— Cnnlco white clipped. 52e; choice
white, B0c; choice mixed, 4Sc;
iroof, 5ftr.
MKAI#— Plain water ground, per bu»hei.
<’3c; bolted 140-lb. Jute*, per bushel. 65c;
Khorts. white. $1.60; medium. SL40; brown,
♦1.35; pore bran. $110; mixed bran, $1 or>.
HAT.—Tl—thy, choice Jnrge ImiIs*. $1.J0;
do, choice etnali hales. $1.06; do, No. 1
timothy (wiles, xl; do.. No. 2. $1; do.. No. i
clover mixed, $1.00; do. No. 2 closinl mixed,
90c.
CIXJYER.—Choice 90?.
The above prices are f. n. li. Atlanta, and
subject to immediate •'••’eptance.
GROCERIE8.
MU(1AR—Standard gnmulatod, $S.20.
York Refined. 5V*; phintall'
err «trang.
COFFEE-Roasted ArbnckJe*#' $J«W.
•ulk. In bugs or barrels, ktc; green. 13 to
By Private I^asod Wire.
Chicago. Aug. 8.—Hogs: Eatlamted re-
dpta today, r».0r». Mnrket 6 to 16r lower;
Texas rust- quality fair: left over, 4.541: bulk. $d.06©6.36;
estimated tor tomorrow. 36JM0; light, $6.30
6.(9); mixed. M.'6Q6.55; henvv. lfi.70Jj6.rVx;
rough. $S.7it|5.9o: pigs. $5 4^6.25; rtirher*.
$6’V,|6.60; g.wf to choice heavy. $6 5oft6.*»i.
Cattb*—Estimated receipts. 23.on. Market
•teady to a shade lower; qualify fair;
.ceres, $3.80ti4.H>; row.. $1.0004.3; heifer*.
8JM(JK calves. $LM0C*5: good prime
tei-rs. $5.1506.50; t-wr to wHIan.
6.1ft; stinkers and f«-oder*. $2.4^414.3.
Hieep-Estimated receipts. 23,0)0. Market
steady; qualify fair; unlive. >2.9005.3;
western. $2.9>^iS.3; yearlliiKs. $6 4<j'7.15;
lambs. $4.506|ft.®.
Hperinl to The Georgian.
Newberry, 8. Aug. 8.—One of the
largest shipment* of rotton from New
berry In several year* was made by
Mr. O. MeR. Holmes, a cotton buyer
of this city. Twelve hundred bnlea
were shipped in one lot, the destination
being Liverpool.
DIRECTORS CANT MEET\
NO QUORUM PRE8ENT.
By I’rlvate loosed Wire.
New York, Aug. 8.—It was authori
tatively stated about noon today thnt
It was Impossible to secure a quorum
for the meeting of the directors of the
Colorado Fuel and Iron Company,
which had been called for today.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON - STOCKS BONDS GRAIN
Ground Floor Gould flufldlng. Dally
market letter nnd market manual
mailed on application
New York, Aug. 8.—The Bun fays:
"The decline of 12 to 16 points In
cotton was traceable largely to
Southern selling. New Orlenns and
the South generally sent large selling
rder* In October nnd Decernberpana
loral bears took ndvnntngo of tho op
portunity to assist In depressing the
rket. Commlslon houses which
bought on Monday sold out, and there
a Inck of support. The stock horn
continues to decrease, the total amount
In licensed warehouses being 85,819
bales, against 133,080 at this time last
year. Huffish crop report* wore re
ceived from the Atlantic states, but
the complexion of the market changed
later on when tlm flouth appeared as a
heavy seller. The early buyers liqui
dated, Wall street sold, so did spot In-
ternsts, wlillo support wns withdrawn-1
The lack of support Encouraged bears
and gave rise to tho belief ainonglWhrat
some thnt tho operator recently ag
gressive nn the hull side had abandon-
*•.] the campaign. However, this may
lie, sentiment was more bearish tha
ever. The futuro of the market hinge
Inrgely on the weather. The cessation
of the showers fn the Atlantic states
and Texas would probably be 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."—Glbert A t'Iny.
Now Orleans, Aug. 8.—The Tlmes-
Dttnocrat:
"Headstrong scalpers and unhorsed
longs upset the logic al program yester
day’s cotton market should have fol
lowed nnd the American rings scored a
decline in place of the anticipated re-
rnvety. The heavy movement >>f new
cotton nnd the spreading conviction
thnt the crop Is not only fairly early,
but quite large ns well are the imme
diate fn. tor. underlying the general
price pessimism, nnd Kurope must evf-
den< <■ an Intention to do business on
tho telling scnle In the very nenr fu
ture If a further decline in to ho nvold-
cd In the nhsence of a crop scare. On
the whole, the situation doe* not war
rant crumbling vnhies nt this time,
though the public Is beginning to sell.
The new sciisnn's supply and demand
relations are not yet well enough de
fined to Justify speculative conviction
ther thnn that the bottom, w'herever
t tnny ho, will he found well above
price Ideas based on ancient logic.
nw hlie, the talent is slowly forc
ing the price down to a level where the
in.In- .-m» nt t•. buy tin Mnpb mu*<t ap
peal to the spinner strongly enough to
turn the tide of bearish sentiment
which I* persistent If not rampant
-—Wore A Lei and.
$m
314
314
334
344
11.06 14.10
9.1?4
2 2".!'*
rd winter. 71«4<f(72Vl
CHICAGO CAR LOTS.
Today. Tomorrow,
PRIMARY MOVEMENT.
fnllnnlng figure* give til* pi
1,104,000 bt
IftST
I.236.IM bushel*.
Iiu*t year; ship-
-I*, against 74P.W)
els Inst
fodnr, 310,000 bushel*,
mhefs last irar: shipments
duds, against 103,000 lu.sh-
lilgli*-
rbn ng
LIVERPOOL GRAIN
'heat oiioiicd 4 higher;
4 hlghe
opened unchanged; 1
d: closed 4 higher.
30 p.
SOUTH CAROLINAN8
ON TRAMPING TOUR.
pedal to The Georgian.
Newberry, H (*., Aug. 8 — A party,
insisting of \V. O Mays, XV. A. Mc-
Fall, Tom Wicker, James F. Eptlng. Dr.
James I*. Klnard and Rev. John K.
ves. left Newberry this morning «>n
ramping expedition fur the moun
tains of western North t’nrolfna. It
expected to make Hie entire trip*
hlch will occupy several weeks, on
foot.
Mrs. Paul Hauimas.
Funeral services of Mrs. Paul Hsus-
nn will be held at the residence, 4RT
Washington street, at 4 o’clock \V*d-
esday afternoon, Rabbi David Marx
fllclnlng. The follow Ing will act ns
pallbearers: Mop* Blum, Meyer Rsg-
ensteln. Lee Kahnweller, Mase Htrauss,
lk<- Htrauss, Julius Simon, Abe Green
field and Marcus Lt>eb. The Interment
111 be at Oakland cemetery.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Corraspondent’s Capital 1250,000
acfcacNce. THK nkal bank
PHONE I4IT. PStJOCNTIAL SLOG
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.
n, n**w
Market
Market
RICE.-Corolla
grade. Market
CHEESE—Pan
according to
am dairy, 14V?
twin* lb*: brick. I<»\ Market *tr<
PUOV IS IONS—Supreme hams. 15c.
Imm» 15V- California ham- Ih^c; Bed fr<
Il !• - In > will extra rll'H. SU K7; l- l'l
Local and Long Dlatanaa Talephone
, FAGAN, Miniflir.
*T»«r Orttsst.
WARE & LELANO
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
... 1 Will SI.. f.».M B.Hil.,, .Hiata, 0,
MUtBUSl
... Y.th tot’.. Uth..,'. Chit.,. ,.tr4 .1 Trt4..
t,w Orl.M, toll.. ltth,.yt. Chit... Slttf lith,..t.
liter...; Ce'l.. Aii.tl.ll... *«» '«* Ctllt. l.the.f
it/.r*. la htm YcrI. If* Orffa.i. CSUlo*. 6. C. COTHiAS Aftna9*r.
MADD0X-RUCKER BANKING CO.
CAPITAL $2W,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITKD
Wo Invite accounts of individuals, corporations, banks
nnd bankers nnd offer the best terms consistent with
conservative hnnkiihr.