Newspaper Page Text
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—I—ip ..
THE ATLANTA GEORGIAN.
Friday. .u ui st i« p>m.
JOSEPH B. LIVELY
( THE GEORGIAN’S RECORD OF MARKETS AND FINANCFlHHHBgg
SPOT WAS LOWER
IN JIVERPOOL
Middling Cotton aWs Quot
ed 16 Points Lower on
Small Sales.
FUTURES CLOSED EASY
Sentiment in New York Is
Bearish on the Excellent
Crop News.
Bf privite leased Wire.
N*w Y*rk, An*, la—The undertone of
U,* leegl rotton mnrket at the outset
wa , steady. Rome of the big room opera-
fart bought near crop month* after the
ttll, bat moat tradera were in no harry to
tever shorts. despite the fact that many
tf them had a good profit.
From the standpoint of the snot cotton
holder, the Liverpool ndrlees this morning
were discouraging In that spot In the
market was aooteil 16 points lower at 5.69d
r.r" N v# k non K<tiA.
NEWS AND GOSSIP
Of the Fleecy Staple.
for middling on sales of 6.000 hales.
Futures opened slightly hotter than ex*
neeted. hot closed at a full response to the
decline In New York yesterday.
ta New York, prices opened slightly low
er ami later declined a few points further,
after which trading was dull, with fluctua
tions covering n nnrrow range up to mid
*ft' fs reported todg> that Theo. Prlea la
0 "«»| h «*wn r A-'pOTt* r.rrlpt. of 2.100 nnf
hair, todar. Sa-nnnah 1 non- and tlmntoa
Sal n.w ninkln* n total to rtnte at lion*
wi of 7.151 lioloa.
crop report, rontlnim of fATorotiia tenor,
the M leering hoi OK roeelve.1 today:
lim-attir, Ala.: "SprlnKTllle. AttaJIa,
Uailslen. Uonterarllle to HuntrrlHe
throoah mountain illatrlet and alone
Tenneewi river rrope are vory One l.
..■ek late; flelila eloan. plant rl*oromo »nrt
frultlne well. Weather past week Ideal:
partly eloudy and warm, with acattered
ihowera. hut no »l*h of alwddlof ;
naOMila. Fayette eounty. Texan:
la camhi* In rlelit along. The negroea
have de»erte<I loe town, for the cotton
held*. All the farmera are eomlng for
band*. Boll weevil, are getting tiumeroni
In pome flelda. It la now feared that the
rhowrra will bring the teef worm, whleh.
If It la not polaoned. will deatroy the
rotmt eotton. whleh la now making, r~-
(a moat jiromlalng, the old haring real
' superintendent King of the Xew York
Cotton Fxehange mnkea Jhe amount brought
late eight for the week S3.S91, agalnat 30,183
Tmonfff brmjtbt Into tleblfnrjbe tonton
to date 10.MI.lo7. agalnat I3.431.K3.
Weekly Interior movement: IljeelntalJ.-
rn. ngalnkt U.l« loat year anil 7.513 In 1804.
Shipment. 3M37, agalnat 44,310 laat year
•ml 10.041 In 1004. „ „ , , ,
Stork* 130,015, aganat 137.735 laat year and
46.055 In 1(04.
SPOT COTTON MARKET.
Atlanta, qnlet at lOtte.
New York, qnlet at lO.Ofta.
New urleana, qnlet nt 10 5-1
T.lrerpnol. qnlet at 3.03d.
Angnetn. atendy nt 10’Ae.
nt -10 3-lOc.
10<
charleaion, ateady at fo5*e.
Memphla. qidet nt lOttc.
Oalveaton. quiet nt lOHo.
Mobile, quiet at lOe.
Norfolk, qnlet at J04c.
— nominal.
quiet nt 10.I5O.
LIVERPOOL COTTON MARKET.
_ — Cotton.
•pot qnlet. with prleee eealet: middling
uplande 3.^*d: anlee 6.000; American 4,500;
•peeuintlim and export 500; reeetpta 1,000;
Amerlran 100.
Puturet opened eaaler.
Opening l’revlona
Itenge. rioae. t'loae.
Angnat 3.45-5.4! *.434.43 1.50
Aiieu.t.fient ... .6,40 6.40-5.41 5.464.46
.6.474.35 6.334.34 5.414.41
..6.334.34 6.314.33 6.33
. .6434.34 6.614.33 0.13
tit m
°fl 1st*; at 12:15 p. tn. 3 down «m August
£ n ? d«»wu oa nalane* and steady.
Hales 6.<XM. Spot* 1< down at l.flld. Fu-
turea due t« eouie 6 to 7 down.
Liverpool rahie says: "Kseeptlag near
posit loos, market steady."
Market h«Ty In Sew York on general
telling and llquidnttnn of long cotton from
Liverpool nn*l New Orleans. I’rlce brokers
hare been rather heavy sellers since rhe
opening. \\ enther conditions continue Ideal.
We are firm believers In lower price* for
cotton, aud advise Mlea on any rallies. Ho
tslnly sell It.
"ndertooe a little better and looks like
()u an advance wo
Q|BU
IllTer & l*p. are hlg sellers of October,
li. HI.
rttory have generally been more favorable
during the past seven days. With the ab
sence of excessive rains, the growing crop
weeks form the critical period for the
Ive <mtlinate wo lodge that the growing
crop Is now folly two wsks later than nov
msl. Little further <nn be added at this
writing, except that the outlook at the mo
ment Is shout at favorable as could be ox
ported."
New Orleans, Aug. 10.—Liverpool wsa doe
4% down on New Orleans and • to 7 polnta
dowu on New York.. Up to 1240 p.
market was good enough.
Spanish mills nre making good I......
large lota of cotton here for Immediate
shipment and middle of September shl
ment. Much of the telling appears i
come from longs.
Manchester cabled nt 2 p. m.: “In clotht
buyers sro operating lest freely; yarns are
In limited Inquiry."
TRADING HEAVV
IN UNION PACIFIC
It Was Opened About One
Per .Cent Over Yea-
terday’s Close.
GENERAL LIST DULL
Net ttockn of cotton In New Orleant I*,850
bales, against 60.833 Inaf year. Amount of
cotton on shipboard It 16.BS bale* and
last year.
There Is no reaction Ih sight yet. The
old-time I lulls nre either on the fence or
else srs short, snd the reactionists lick or*
sanitation. Factors nre offering aext to
nothing, and the spot market la really uom-
Private Wire to Othert A Hay.
New York, Ang. 10.—Llvefyool at 1140 p.
i. wat 4 to 6 down. Was due 6 to 7 down.
Judging from the signs here. Price Is get
..ng on the short able, so wc may soon ex
pect n report that the crop Is promising.
The Journal of Commerce sayn: "A11-near
by dry goods nre firm and bayeca are ni
ls* rood* etiodgk to wo ground, hut In some
■ * ’* “ sent demand Is
revirtl In staple
line* until the end of the'rear.
—LI
New Orleans,
down la ns expeetei
York.
though
Price says Improvement haa occurred In
'^Understand "iTico^I* out with a lieaf elf-
I.lrerpool due T down on New lork and
4 to 6 down an New Orleans.
rally Is due with such good crop prospect*,
It ft believed that even a moderate ad
vanes will Induce fresh selling. Profit tak
Ing by shorts should prevent extreme de
cllnes. The demand and strength of spots
It alto a feature of resistance.
Todny'a map shows good rains over the
..orth Central portion of the l»elt; other
wise. the weather I* clear tnd dry and
and looks lower.
hat
•nap
Nept.-Oet.. .
Oct.-Nov. . .
Nor..Pee
ltec.-Jsn, .. .
‘ -Feb.
March 5.17
-JS April. , , Af
April Msy I.»
Pk>sed easy.
£sn.-F
feb.-M
March
6.48
TODAY’S PORT RECEIPTS.
The fallowing tatile abowa reeelpta at the
fori a today, compered with the nui* day
fail year:
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Olflvlnlly corrected by Atlanta I'ralt a at
■nchee. per crate, (l.nofi;
t aeapplee, SA-BO to 3160.
nanaa, atrelclita. t<e* Itnoch JI.50 to
. Cnlla. l-er hunan. Il ro 11.35.
Iternieln-s T.50 to 33X00 per 100: da.
“f-OuRilV AND COUNTRY PBODUCB,-
U„ bene 85 to, 3754c: frlea =54 to gc:
liroUera IS to 3Q4c. LI re docke. Pekin 3t
™ n-^COTic «o
Dreoewl bene.
ptr l....
te(Tl«7 p«r l fh?. 'Si' fo 3354e; cook
ie .
INTERIOH MOVEMENT.
The followlnr t*Me ahnwa receipt* nt the
Interior town* today, compared with the
•ante day laat yenr:
Houston. ... . .
Augusts. .....
Memphis. ......
Ht. I .mils. . . .
('Incionati. ....
Total.
M
1304
287*
GIBERT a clay s
Daily cotton letter.
Ilrlmat. An*, in.-In the early tot-
•ton cf the Liverpool market, option* were
’*ry steady, but later. Influenced by a fslr
•mount of selling for account of American
prices were depressed until
’ of fi points.
•buddies.
vtlne* showed a • loss of 6 points. Hpot
Trnn*nctlons were quoted 1« points lower.
*»to* amounting to 6.000 boles. The only
d-reiopment thst chsrscterUed the day's
'fading was the failure of the expected
ration to materinllxe. on this theory.
3 u *te • lot of cotton was ImughL not only
yesterday afternoon, but also during the
3* k r, y session today, which was liquidated
the weakness of the market became
"pparent. A fair decline ensued, hot prices
"tore of leas assumed a drifting teadenev.
2» ,, « tfc* spesmodlc covering of satis*
2 1 short*. There upper.re ?-• I»e no In*
nuetjre at the moment sufficiently »trong
m more than check the declining tendency
,)f market prices. Whatever the merits
lb,; Id Mb. rteks 10
VEGETABLES.—Irish pofafaes. Na
Ilouey-Ktw
olk.
VBbr.i Aoi4r.o.-5ii»*a
stock 14 Imrret; No. 8 slock S2.M.
Old sweet potntoc*. per bu«lMd. 81 to 11.21;
new sirset potatoes Si.50 bushel.
FLOUR. GRAIN. PROVI6ION8.
KLOUn— J'astels 1’ntenL 15.00; J^lamond
patent, |6.M; Mnscoutoh Star,
56.00; Dim
r, S4.66: I
; Blue iUI
iuSiS
patent, 34.65; Bel Male. 31.46;
boo:*, J
C’uilN—rnoicfi re^ •H»IH iuc; i\o, z wuite,
71c: No. 2 yellow, f4c; mixed. 78c.
OATH—rnolite white clipped, I2e; eholc*
white, 60c; choice mixed, 43c; Texas rust*
** 3IKAI*—risln water groan
78c; Mtrd 140-11*. Jots5. per
Hhurts, white, fl.66, medium. 81.40; brown,
II.®: pure bran. $1.10; mixed l»rsn. 11.05.
»?ussri»( i % % s teJiW
CLOVER,—Cbolee (Or.
The abore prlree are 3. n. t>. Atlanta, and
■abject to 1 ®nROCErTeS.’
SUnAR—Btaiutard rraniilated. 36.36, New
York Itertned. (14: plantttlone, 6H- Market
'coFFKE&-Roa,tei! Artmekle - , 31430,
Imlk, In >-*• nr Imrrele, lie; (reen, 16 to
iv Market strong.
"cIIEkRB—Fancy fall ciyam dairy, 1454c:
twlni 14e: lirlrk. He. Market atron*.
Bapretne lanl. 36.76: Bed Lroee. fee. 8i
Ittilt eomponnd, 7*ic: Red Crooa. 7He.
THE "DRY GOODS MARKET.
ket wee .Iron* ainl prleee were, rery «rm.
— Jotiliera ere .Inin* a very Ur*e trade
.emmet In dreu «n«to ami linen a. An an
neal hae I teen eent oat for tbe eetahllah-
FHrnt of a ellk romlltlnnln* bona. In New
York, aa ibla port la now mM to be tbt
larcent In ellk reeel pi* In tbe world.
Dot.
- Crooa
Iwlllee,
he, aenllment eeema
' one aeeord, end
of the ettnetlon mey lx
to he bermonlonely of . .
gusm5 as
eno*lltlone the! elfeet tbe erne from day
'* C. ALABAMA ST.
Jew York
GIBERT A CLAY
STOCK)
STOCKS. SONOJ
COTTON, CRAIN.
corrcc, provisions
ICMSCRSi
ATLANTA. OA.
^e-ttrt CVffM E«biS*;:|.N>« Orleena Board of Tre.Ie ii.lie.lon Cotton Ex.bei,,e.
Private Wires to ell Eicberr.t-
Lital and Ltng Dlatanoe Tal.phcna 52S8. _ W. R. FAGAN, Manaoar,
Efforts Were Made to Open
Prominent Leaders as
High as Possible.
By Prlvst# leased TYlra.
New York. An*. 10 Tho market thlR
morning aagtn moved with much nnccr-
taluty. reflecting n connict of *t*cculntlvc
sentiment ns to the Immediate tendency of
f/rJcci. f Oa th** oao han<l, cull money lead
ing nt v -f and 414 per cent seemed to many
minds a wnrnlng signal that the crop mot-
tng demands had already begun to press
upon the money market, on the other
hand, encouragement w«* derived from n
•harp fall In sterling cxchunge, bringing the
rate to within nn great distance frmu. the
gold lint
Dm M _ _
gmirutiuMit on th*’ grain crops hii.I
anticipation nf n brilliant allowing from
this quarter furnished nn little incmtlv#
t«» the early dealings. Barring one or two
Intervals of homlix**. the general drift
of the market to midday wna toward re
covery. l^mdon wes higher In all deport
ments. and at the outset here there whs
a further advance of nearly n point In
tmth t'nlon and Knuthern Pacific. The reat
of the list started fraptlonally higher,
weakened ft»r a brief space, and then grew
firmer again. A sharp advance In Nor*
folk and Western, on what was unus
ual activity for that stock, was a feature.
* recovery In New York Central 8% i»er
it Imnda, the decline In which on Wed-’
lie#d«y occffolonod sonic Iffile uiiensliiiaa
was another Incident, and stUI another in
cident, whirl) n stlmolntlng effea-t was n
sharp relmund In Consolidated Goh shares.
The stock market opened today under
the Influence of the Impetus from yester
day’s late rally. The general Volume of
" idlng r I ~ • "
broad
to |»e made to
Inent lenders
transactions
from JMtt to 165%, as compared with 15!
last evening. Kt. Paul also njwnsd up
most a full point. Southern I'acftle aim
S a gain of %c and advanced Ue furttn
•nnsylvanlft. Itablmorc and Ohio show
irtlonal advances. Amalgamated Conn
of the market after the first hour.
log 2% points to 188% on the purel
3.000 snares by Chauucey a Co. rn
rifle rontinued strong ntsl entirely re
,11
. ulon Pa*
strong Risl entirely recovered
the loss made tn the oarly reaction. Mod-
gains over early prices were made
——...Joradn Fuel and Brooklyn Rapid
Transit. Huts* Refining was exceptionally
henry and deeflned 14 to J.'B, but fliirtua-
tlons In the rest of the list continued nar
row aud unimportant.
LONDON*STOCfV MARKET.
Chle., Mil. and Ht. Paul.,
Brie
Ullnola Central.......
imulsrllle ami Nashville. .
i ninii 6 dcjnc, ■ , « .
United Htates 8teel.
|o. preferred. . .
RANGE OF NEW YORK STOCK MARKET
f Openllilghfl
3 »'- r Dei
94 MJ
Atchison
do. preferred..
American Cotton Oil......
BaltlnKtre and Ohio............................
Brooklyn Itsnid Transit
Canadian Pacific
cbtengo and Northwestern
('hejijipejike mid nljl«»
Colorado Fuel and Iron.....
Central leather
do. preferre»J
Chicago and tirest western
Chicago. Mlluaukee and St. I'anl
Dels warn ami Hudson
DUf lifer’s Securities
Uric
do, preferroal,.;...
ficnernl K.le<-trb
HIIiioIn Central
American Ice Herurltles
Louisville an«i NHshritie
Met ten it Central
Missouri Pacific IMM .
New York, Ontario and Western..
Nitlonal r^nd......
Northern Pacific.....,.,,..
New York Central
Norfolk and Western
renimrlvanin ............. ., ..
Pr<’»*od Steel i'nr
do, preferred
PSftfle Mall
uepubiic ’steoi.!!!!!.'.!! 1!!!'.!!!!!V.T...7.1711! I
Hock Hlnnd
do. preferred..
United States Itubber
do. preferred.,
Southern Pacific ,,|
Southern Hallway
do, preferred...
SIonm Sheffield ........ ........
Tennessee Coal and Iron
Texas and Pacific
Union Pacific
United Staten Steel
do. preferred
Virginia Carolina Chemical
do. preferred...
Western Union
Wabash
do. preferred
Wisconsin Central
do, preferred......
Total stock sales today 605,600 shares.
i l£ratf|Prur.
CTssltlM {doe.
i SnB JH¥FlBls
: 140%. 141%
© I cdU 6.x%j ®*4i m | •>%
..... ...71 iu m
162*4 tt2\ IMS MS IW%I
n«%! n»i»*i liflWi ti6 *
Klfl w(*l 1*2*41 82H 82% W%
....T| ..,7a .TTHi ....T^ to woC
•Hi* iIl:- » I W
]-••% 121 , l.-Wfc lT-^s, IMS
T*% :»*, Try n%
157% 15744, 167%, 167% l«% 1C%
2U4 f:\ft
kS'4
MS
issfipmpH
i*i% i*i
i*S| i«% -*■
1s6» h . l.Mti,
230 220
Or* (DU
48% 43**1 G%]
62% M«*
»r»s : 3N\
1x5%'
18% 1»%
lll% D5%
MM
Wl% tft
48% 48
MPMPPii*H !•%
176% 175% 176% 176% 176% US
71% 72 ; 71%i 71% 71% 71%
44 ]4«%! 143%! MI**- 148b* 1U%
21 21% 21 I 21*il :i%( :*>%
98% 84% flVw 91
RANGE OF THE COTTON MARKET
AT NEW YORK.
The following Is the range In cotton fu
ires In New York today:
" r
•
*
t
B
!l
i q*m
I
II
1
a
* Aug
Kept
i
*
Feb
Mar
b.ci
•'71
m
9.971
9.01
6
1
9.88
1$
1:2
9.34-3*
*!«M2 !
9.I74S j
is.!
.46.48
.6145
.9746
.71-71
l*79-?8
;p
dJl-08
Closed steady.
AT NEW ORLEAN8.
Orleans today:
TIPS FLASHED
From Wall Street
THE LEADING BULL
HAS TURNED BEAR
New York, Ang. 10.-The Sun says:
sharp fall In cotton was due largely to
news I of heavy llnnldatlon and hammer-
Ing on lietter weather nt the southwest.
Thera was very little rain In that section,
ind tbe crop reports wsrr j -
in the eastern belt, too,
was very light, and some Geo'rgla 'report*
were of n more favors We tenor riisn those
• fNMt ‘ JUM
— seM heavily In eota-
pletlng the liquidation of bis longs, snd it
Is the opinion of. the trade that he haa
switched to the l»esr side. t?ertalsly,
rakers who often trsdo for him were very
.irge sellers, snd room traders attacked
the mnrket with vigor. Rtop*l<>*" orders
were reached, snd there wgg a lack of sup
port. The Houth and Wall street sold heav
ily. Liverpool was disappointing, and the
receipts of new cotton ware large. Ifous-
*un got 1.549 new l>ale*. against none last
.ogr, while r " —- - -
ng the new
lie llquldstlc I
some! til ng of g rally would not be surpris
Ing. but. In the bearish temper of trade,
occasional rallies on profit-raking on the
short side of the market are all that tbe
average operator seems to expect. Tbe
weather, however, edntlnues to he clooely
watched, and It will probably hate more or
I*.* 6.fT*ct tiimn the emirs* nf rfIbm "
X*w OrlMM Ao*. 10.—Tlmn-lx-mornt:
Aw.ki-iiwl from long tttntrgr l>7 lnlll«l
MMirr ,-llln* it Srw tan, pminni.lilr
•or , *1n*l- .(intuit, moat .rtryltoAf rinmn.
Ml nmtrxNa on th. rln*. and yrtlrnlnr t
rotlnn mark.t waa lb. Ilrnt prnpiwlilim
wlln.aM.1 In manr . da*, on i d.rllnln*
ra.rk.t, all I>pttml.n] In th. rrnp pnnwM-t
M>m«l tn th. anrfa-". and nrdlnarj folk*
at. pmn. to fnr*.t th. fa.t that w>m. tr-
and la .holrln* a dMddnl |irofrrtnc. ... _
•ni.ll war fnr lb. -aliorf aid.. Tbna far,
th. apnt mark.t haa h.M th. radlMit ap»V-
—t. rl.ni.iit In <-bM-li, bnt ahmild lb.
nr ahnw an* ill.pn.Hlnn In Urn
nna. n.»- rnttnn at a prlcr wMI nndrr th,
mtrktt. toilro t»ort‘ tolling In rafotn.
nld follow In ,ln» oril.r. At tb. mo-
mmit. tb. wntth.r map mag mak, nr mar
th. —
but
ir ft . ,
Halt*, and rh-j will probabl, m-.t with
fdrtbrr ,ih*o,m nnl«a lb. apnt mar km or
Ih, crop wmithm brln^a ahnnt . *t*r. R.-
a.tlnn. nf mom nr Im« Important, .houId
nun,, lint for Ih. tint, Vln* thrr. la
r.rj llttt, mild Indm-marnt in bull tb.
'—*- —— out - ‘ —
irk.t
ml hr
rmp pnmpmta. .ball bar. ran
’onI nf tb. fkniw-rF prm-narHrMl prim
Id mi. Tb. arbltraniMit ih.maft.r will
doubt 1m. b, mwtlr . mpriltlnn of m-mt
blator.r. for tb. f.rwrr hit lotrtiol bow
to rnflmn ra«l of th, pmdt hi. raw rot-
ton Mirna. and nur a*aln Ip. miu.im! nn tn
mak,_ th, attnapf In tb. moat .pprorrd
aaj>""ll ar. St iwtanil, ,
L. J. ANDERSON 4 CO'S.
DAILY COTTON LETTER.
N.w York, An*. 10.—Lfrrrpnol fnt.rm
oprnml 4 to 6 t«pfnta lowrr ihla mornlas.
whlrb w*. mmirwhat li»tt.r than ,xpmlr«l.
Tbla lorn. how..,., wu lormamd to r,
point, on tb. rloM>. In tb, rurl, Irmllu*
th»-r** wa. IK dlapooltlpifi to tamvl tb
Mrtk, of ib-rl; handa In harlmr bmalla*
up and fmtfht fnr S.w York inntln* nirntn
Ib-lnwnm and llmlaon offlolnla d,u>- ru
xuoml nrappllatlnn. iof I'anautan road.
RothMom su'd .xp,,i. to «hnw dwri'a..
In ,aralnna In ritn of w-nmltr of armor-
plat, p'onlra.ta. ...
Ordrra for 20.IVY. Inaa nf alM-l tall* .1-
pmtnl In Iw plarrd In Ih, n««r fnlurn.
ntookt froolr off ortnl In I ho StfB oroird.
llarrlman Int.rrat wlna In W,lla-Far*n
t'nlon offldala admit comp.II
tlon of Am.rlran Td.phon. i-ompanr •
Ion* Ulatanr. M-rrlc la affiwlln* Mirn-
ln K'ndon fortnlghtlr a.ltl,m,nt lw«liia on
M Two!r» Iniluatrlala dm-llnml 46 prr c.nt.
Tw.nlr artlro rnada dmllnml .10 par
rant.
Prirat. Wlr. lo lllbart & Clar
Prlvnfn Wlr. to War, ft !.,lnnd.
N.w York, An*. 10.—lamiton all*bllr
higher.
stocks nlHindant In loan crowd, but pool
manlpulntlou In 1’ennsylvnnln tind southern
‘"urine will doubtless be eetiflaaed.
confirmation of liumper grain yields
fleeted by the government report. Untner
look for nn unsettled mnrket, psperlnlly If
money flurries develop.
On Sharp recessions, would favor taking
i Hfeels ond the low prleee southern and
western rntle. m nv
Considerable selling In Ht. I'nnl nnd mar
ket wenkcnlng sll around with rwllslng
on upturns In lllll Issues. *“
rather shore parity.
don quiet, mostly
H ■ jy,
York, Aug. 1&—Marshall, Hpnder k
«rc not preps real for further se-
rtnna UqnldadM Iq tt, mark.t loda/.
la. bnw.rW, unllkatf Ihnt auppuri
mm, fmin Ih, CMMf.1 paMli until »pm,
ill.[dar nf fttr.nath hn« ben marb- a. a ro-
anil of iMdaraklp by lara.r ini.rr.ta.
Th, N.w York Cnanctal HurMiu ttyt:
Il.r,l.pm,nta or.r rilulit arau, for amn#
■trrnxth tmlar nn th. itamanlra *™>d rraf
report to l»c published around noon, but
we regard the technical position of the
market as a whole not very strong at this
time, meeting stock on rallies In many
rases, perhtip*. Influenced by the western
calling of loans here te withdraw balances
frotu New York for crop moving purp*»ses.
thereby firming call money rates, which
mqst earr/ mer til! Monday when made
must carry over till isaMgy
raday. snd thla fact, with the
of an unfavorable bank statement, will,
we understand, cause bearish operations
l»y the pmfe<mlonnl contingent. We advo
cate a neutral position Involving the sell-
Ing of vulnerable stacks on rallies, nnd fhe
buying of technically strong lasses on de
clines when wenk for turns. Newt con-
eltnea when
tains Items of minor Importance, the gov
erning factor now (wing th
Judgment,
iy In our
and nil features concerning It
should l»e carefully studied,
plB rain of
demands iindf security congestion may
exert s formidable combined pressure upoti
*j#r centers prcicoring anj bull market
.nn»M|t.,nM- ««w, —
COTTON SEED OIL MARKET.
Hon^wl oil was moderutciy net Ive olid
heavy. This applied more particularly toi
the late deliveries, which were Infinruo-ed
by the weakness In cotton and the favora
ble weather condition south Slid the Im
proved reports regarding cotton. Ncnr-by
deliveries held rather steady, ami there was
no evidence of particular pressure. KoniA
sup|H>rt developml In Keptciultcr. The fur
ther weakness In the lard mnrkef also
tended to Influence the local feeling. T»-|
ward the close there was
Ing. snd price* advanced % '
opening.—Ware »v Inland.
August. *
Heptrmber.. .,
f)ctoli#r
Kovemher.. .* ,,
Itpcemltor., *, «.
Jonunry.. .. ,
Hosed steady.
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware k Indeed.
uhlregn. Aug. R-la spite of ear
••Ubo In wheat y eaten Jay. Urerpeol rotnea
higher. Insik for a firmer tone to tbe
wheat market today.
The crowd are Inclined to h»ok ou the
cables with ansplrloti snd ere selling wheat
opening. I
Oats ojK’iieol steady with trade light.
Bartlett, Frasier k Uo. about best seller
of Ncptcmlwr.^^^H ■ ZT
Bartlett. Frasier A uo. Imlted the Hep
trmlmr «H»rn from 49 to 49%<? •***! the Up
cciulier ami May followed. Ilclmhnls nnd
Harris Scottett took Msy. * IBooks Hie Curry
buying.
The hedgers have sold s little wheat this
morning, ■■■■■■■■■
The government reinirt this aftcriiiMm
dvrs the reserves of old oats In farmers'
K ids August I. March 1 stocks were 87V
<Mu bushels, or ti.s jier i‘ent of the crop
«»f 1906. A reserve ef 7 per cent oa August
l will shew 44.115,*m» bushels. Ust year
the reaerre wot or trtk per cent of
the crop of Bs»l The largest reeerveu In re-
ci'ijl years wjis 73,100,000 bushels, or 7,1 per
- jeeps up. and wllb
|ouer prices has roused »* lower provlybins
market. Cudahy a oeller »*f penr-l»y bird
with shortR Iwat huyera. If tbeoe liog n*-
celpta continue product will aell lower. I log
price* tmlay are asme as a year ago. 1
lard %c higher Think psrkcra wntih
p«*Tt th- mnrket when there la suy I
tlon of ler-np (a hi*g receipts.
Chicago lateMWepn: The government rs-
port, Ih be Issued at Ike Hunt of Chtcngo to
day, will give the yield 4»rr grre of winter
ob it, the comlllbm id spring wheat, corn
anti oat a. ami the otMtitlty of imIo from
the 1*11 crop remaining. The popular Im
pression of the trade Is that tie report
will lie bearish on winter wheat, but that
It will be rather bullish on spring wheat.
Uerebvpment* In the provlahm trade am
being watched with much Interest. The
_ ——-^**4 —
with
packers, wko bad 1 _
should hare beep over a month ago.
quality and weight of tie hogs now arriving
nnd those tfi»f have tieen raining for ths
last six weeks are more Indicative of an In-
erssar fa feeelpfs thnn ffisy ire of a railing
-a. •-*-*% in ttu* pit nevertheless are
the Heptrmber deliveries In
making short sales, as they rncogttlte tlio
iblllty of the big packers to make arbitrary
l*rlces fnr them. In Uctidier end more dis
tant dcPvcrles. however, the situation In
different, and the auialler Independent pack
er la expected to take n ham! Iu the pro
ceedings soon nnd market a gotsl deal of
r with the Idg parkers here,
Inrher's cstlmnie nf stiM'ks of pro-
la ch!< n»t* shows 21.760 barrels pork,
40M* tlerrcs lard nnd 30JO),um {NHIMIB rllw.
Mills wheat stocks show 90.640
.jecrense the last five days, com
pared with WXX0O0 decrease the sumo -period
n year ago.
The continent was In the mnrket far hard
winter wheat yesterday, being tlio Imat
buyer, sml has (teen fnr a week. The Kug-
llan markets were suiklng m» bids any
where near a workable basis.
Harvesting Is becoming general In Mani
toba and Haakatrhewnn. The crop In Moo*
katchewnn la turning-ant heavy aud uni
form, while the Manltotia crop ta not ns
giMNl. nn some of the old ground yields
will l»e compiMlively light, WsstUcr **on-
dltlona so far are |»crfert. 'Hils Is cow-
firmed by a niemuige from Premier Itnhlln.
of Mnnltobn. who uuys harvesting Is In bill
■wing, under the moat favorable conditions.
>1 tn today.
.............. pPrwiy* will
glre mnrket encouragement tn the whrnt
buffs. The buffs* fond fs not going fr» l»c
much. If tiny. Increased for the next two i»r
three weeks. Mnrkets should do ludler tn-
d»y. Hee nntlifng te favnr stmrt able nf
corn now. fiats should do o-onsblernMv Itet-
n late RioTcaient ond damage by rains.
heavy run of hogs has nlsy-
i sll the calculations of the
«tl figured the Ng uMrketlnga
eetf over ft mouth ago. The
GOVERNMENT GRAIN REPORT.
WHEAT STARTED
LITTLE_CHAIGED
Heavy Downpour of Rain in
Southwest About Only
Steadying Feature.
SENTIMENT BEARISH
At the Close Small Deeliues
Were Shown in Wheat,
Corn aud Oats.
ny Private Leased Win.
Chicago, Aug. 10.o-4*laslng price* rlmtv*
ed wheat %0%e lower, com "tf.
ofltu lower, and provision* i'mioc
lower.
Indications point to a record crap .»f
wheat In this country this year. 288/KiS.ano
bushels spring wheat find 493/onoo h«ish« !s
winter, .»r a total -f 769.900.000 busbeia
Jotutly, nr the largest crop «m record.
A total ran trap ,of J.S66.'*»*.(*»• i.u*t»-
cls la promised, nnd au oats jlpbl of ao,-
A TMs0 bushels.
The condition of spring wheat was
placed by the gmrernmsut at 65 9. snd the
* rlnter wheat per sere M.7 Con-
corn 88.1, oats 12.1, rye 911 m. l
iMirley 90.8.
The
under
itrlce twin* lowered by the
that document. Primary c.- i ipts nf wheat,
^bushels si id corn 2m.'Ou bush-lsi
ciimpsre<| with 985.000 and 4M.000 bushels,
resneetbrefy, a year ago.
I'learanees for the day. 148,000 bushels *.f
wheat. l?inoo lottshela of corn an«! 18,00
bushels «.f ..nt*.
CHICAGO GRAIN MARKET.
Chicago grain and provisions quotations
for today follow:
Open. High. Ijow. Close. C>«
STOCKS REVIEWED
B YNEW YORK SUN
New York. Aug. 10.—'The Bun says: A* a
rule prices suffered fractional declines st
the opening, the only notable exception be
ing Pennsylvania, which opened slightly
there yesterday’s close. From the start
emiflletfng Inflnetices seemed to be at xvera,
the effeet of I'etinsylvanln ns nn iiidnddcr
of price* having rooftrnrtel 1 be rji-rlhw Id
New York Ueutral symiiatbetlcalty with the
foil In the price of this company's 8% per
cent tionds on the dissolution of tbe under
writing syndicate.
Irregularity *n the general market re-
suited, hut when it was nrttintinced that
the Pnlon Pacific executive committee had
taken no action nn the dividend question
speculative Interest loeesnie sellers on g
considerable scale, and the selling move
ment received additional Impetus anon after
ward from the advances In the rates for
rail loans. The ease with which prices
wrent off In the early afternoon Induced
many holders of atorks to port with their
holdings, while the sncreedlng recovery had
the effect of leaving sentiment Very much
‘iscd at tbe close of the day.—filbert k
THE COFFEE MARKET.
New York, Aug. R—The opening was at
decline uf 6b ift points on nil months
except October, which was unchanged, nnd
the market ruled barely steady during the
forenoon with trading much less active
than recently. liming wn* evidently
checked by flic ensler prlmnry markets nnd
the failure of the Ksropcga markets to
respond to our market yesterday. There
SOUTHERN EXCHANGE
Otdwt Katnbllahcd Off l» - Botith.
COTTOH' STOCKS BONOS GRAIN
Ground Floor Gould Dulldlng. Daily
market letter and market manual
mailed on application
Ing board of the ftps. .
today made the following report
volitions:
Corn, average condition m.1 on
, ms compared will! *>7'. Inst mouth' RD
m August 1. 1!*®: 87.3 nt the corresponding
te In 1!W4, and a ten-yeor average of
84.
dorlng wheat, average comlltlon August
1. 96.9, ss rornpare«1 with 91.4 last month.
S9.f on August L UKA. S7 6 at the correspond
ing time In I9M. and a ten year average
of 82.6.
Winter wheat, preliminary returns Indt
cste a crop of about 448.434.000 bushels, or
an art '*
pared
ns finally estimated.
tints, average condition on August I.
818, ns coinpnreil with ft last mouth. 98.8 on
August 1. 19-A.
Proportion of oats crop Inst year still
In farmers’ hnnds, estimated 7.1 per rent,
nt compared with 6.2 per cent of 1904 crop
In farmers’ hands a yenr ago, 6.4 per rent
of the 1908 crop In IuiiuIn two years ngo
nml a ton-year grerggv* of 7.2 per rent.
Tobacco, average condition on August
•7.E ns compared with 96*7 last month.
.11 on August 1. 1901, Alt nt the corre-
spondlnr date In 1904, sad a flvs-yesr aver
age of 18.2.
the marketa there seemed qnlet. ■ filkert k
i'ta y
Fidlowlng Waa the opening range and
close In the New York coffee market to-
Opening
VfSSiffn./: ::T§I'
March
April
May.
.Tune..
.Inly..
August.. “
Keptemlwr *• *, t* ,<
Kept..,.,
Bee
'&RN-
Kept
Her
liny.^.
OATS—
ept.....
- oKic-
:1 Jv,i mi
PRIMARY MOVEMENT.
The following figures five the primary
lovement * if wlieot nml enru:
Wheat Itccelpio. today WUW basliels.
ngnfiiRt UB.oo l.tikhcl* last year. Hhlp-
• today I.018.001 bushels, against 400.-
.-itshel* last year.
4’oro— Itecclpts tn«lfly '277.009 liusliel*.
sifu11»«f |o|..sm 1 > 11 *• l»e 1 «6 last year. Shin-
incurs i.ii|,1 j 86*.00i) IfUshels, ngnlust 4lVnoS
bushels last year.
S’ 4
71%
72
.4%
73%
7W4
nt
76H
•Jk
19
49
49%
8
St
•»
H%
45%
81
a
1
.p
; $4H
81
83
«%
.96
16.92%
16.87H
16-90.
,8714
13.90
13.87%
18.17%
»•
8.70
166
8.70
:St
ar*
w
; m
h.
*:*
7.45
7.4*
T.42H
CHICAGO GAR LOT8.
When!.. ,
('on., ,,
Oat*..
N0nTHWE8T'CARa.
Todof, Wi-ek.
LIVERPOOL GRAIN MARKET.
Wheat opened unchanged; 1:80 p. m ,
higher; closed % higher.
t’orn opened undnngcfl; 1:20 a 01. 1
changed; cloned % loWcr.
THE LIVE STOCK MARKET.
By Private f^nsad Wire.
Chicago, Aug 1* 110*1 Bstlaiitnl
ertpta ladar 24.w Mnrket weak »•»
. - illjr fair:
y fair: lef: .»rer 7JP; hulk
flmatrd f..r imnorrmr if.oort;
.904(8:7%- ml veil ranw. 3T>: Ii.-Sir
l6.KSlfri.3n; rough 16 6905 73; |d*s 6*. A4l#l;
rkers |4.20f(d'A; gotwl to cholcfl he*»y
2906.89. '
Cattle—Raft mated receipts l.vm Mnrket
strong; qimlity fnlr: I'cctc* |3.lu)4»i.F>: raw s
II?/1 3; l. -lfcra I.* Wifi 30; 6’ftlvr. 15817; r*vvl
pr ime steers 36.1WKO; poor to medium 13 SO
IBklO* stockc
Khe*-p- |-> tin 1.-1I
iy; qiwllfr
I? 40U4..W
«*.••»> Mnrket
ex mm.yt;
KeptemlW 1.0O-i,(k 6*994.46
October f.fl57.19 • AMm
November ,,7,06-7.2> C9C-7.06
December ; L19-7.ll IS-T.W
Cloord Imrely sfeady.
THE SUGAR MARKET.
By Private f.eased Wire.
New York. Aug. 1> -Ixm-rI refined
raw sugars steady nnd unebsngad.
don l*eeis lower; August 9«t %«l; Hep
ner 92a 141I.
Ir from tbt nooning. Itrgt *-llln« »rd.rt
aiiDMrMt In thr rln*. amt prim. a*nln
KKh» « t»6l. OrtM-r .Wtlntn* ,o
»A4. It mol tbovgb nt tbn* low*
prior, thrrr wtt morr wimn*nn« tn »nn
ic. ti n rii mj.y-;
ttrj* i: aksrrsjft
tImM, t» *" -twrl at thU tlmr.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, GRAIN
COTtqondiirs Capital $250,000
hKfKRKNCC. THE MCA|. BANK
SHONE 1447. eaUnCNTIALDLOG
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.
Ass't Cashier.
trv Offraas.
COTTOfVGRAuL ^R<^ISi5^StO<?KsPbONDS,
Ns. 2 Will St., bfm Btllfli§. Alfalfa. 6a.
MtHBlMS:
In r.r* Cttn. ttcht.tr. Chltt,t e..tf tl Tr.U
... Srtor, err*, ittit.,.. ^ V.’r* t7".'luZ„.
Lhtrout! Cattaa Auadatlaa.
hl'at' WIrat ta New 1*B. Haw Orlnat. Cfc/rape-
Ball Piece 1242.
Slaafart
MADD0X-RUCKER BANKING CO.
CAPITAL 6200,000.00
SURPLUS AND PROFITS .... $500,000.00
. ACCOUNTS INVITED
Wc invite accounts of individuals, corjtoratlons. banks
nnd bankers and offer the Inst terms consistent with
conservative banking.
In our Savin*-* Department we nllotv Interest at the Rate of 8 1-2 per
cent. Compounded Heutl-Annually