Newspaper Page Text
THE ATLANTA GEORGIAN.
F1*in\T. Aim ST in. lnnn
11
JOSEPH B. LIVELY!
' " — ' " l< 'N Mr. Lively’s 26 years* experience
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
=4y
IN JJVERPOOL
Middling Cotton aWs Quot
ed 16 Points Lower on
Small Sales.
futures CLOSED EASY
Sentiment in New York Is
Bearish on tkp Excellent
Crop News.
g T prlTitn Wire.
Sew York. Au*. 10.—The undertone of
Ifc, local cotton market at the outset
Some of the Idij room opera'
tm Iwndit new crop months after the
call, but most traders were In no hurrjr to
Mr . r aborts, despite the fact that many
5 them had a good pfoflt.
From the standpoint of the snot cotton
Solder, the I.lrerpool advices thfs morning
sere discouraging In that spot In the
Birket was quoted Id points lower at t.68d
tor noddling on sales of 6.000 hales.
i'ntures opened slightly better than a-
Meted, hut closed at a full response to the
decline In New York yesterday.
la New York, prices opened slightly low
er and later declined a few points further,
liter which trading was dull with fluctua
tions covering -* nurrow range up to mld-
*|t' la reported today that Theo. Price Is
•a the bear side.
tlalvcston reports receipts of 1,100 new
bales today. Havannah 1 new and Houston
6 nes-. making « total to date at Hous
ton of 7.«M hales.
Cron reports continue of favorable tenor,
the billowing being received today:
liecatnr, Ala.: "Sprlngvllle, Attalln,
Gadsden, Ounteravlllc to Huntsville
through monntaln district sad along the
Tennesace river crops are rcry line, lint a
week late: flclda elentY. plant vlgorona. and
trolling well. Weather pnat week Ideal:
partly cloudy and warm, with scattered
itmrera. hut no sign of shielding yet."
Flitonln. Fayette ronnty. Tevna: "Cotton
It coming In rlatllt along. The negroea
here deserter! Inn towns for the cotton
Acids. All the fnrntera are coming for
bunds. Boll wcovllt arc getting numerous
la some Heidi. It la now fenrerl that the
abowera will bring tho leaf worm, which.
It It (a not poisoned, will destroy the
r ug cotton, which Is now msklug, and
most promising, the old hsvlug censed
'"superintendent King of the New York
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Were & I .eland.
N’w York. Aug. 10. Liverpool futures
opened feverish 5 down ou sear and 4 down
»t 13:13 p. in. S down un August
S . 4 «■ tie la nee and ateody,
Balea KDOft. Bpnta l« rlriwn at S.Od. Pn
•turea dne to route I to 7 down;
Uyerpool cable saya: "Bseepiing near
poattlona. market steady."
Market h«vy In New York ou general
•elllng and liquidation of long cotton from
I.lrerpool and New Orleans. Price broken
have I teen rather hoary aellen since the
opening. Weather conditions continue Idenl.
We are flrnt believers In lower prices for
rotton. and adrlae rales on sny rallies. H*
talnly sell It.
I'ndertone a little lietter and looks like
might Improve some. Ou sn sdvsnre we
would sell It.
Nehlll offering 5,000 fleccmlier st f.J*.
Wiggins sold 10.000 October at ».&
Miller k Co. sre big sellers of Oetolter.
. Lesser-Cold man, St. Lonls. furnish t
following weekly crop report: "Wenther
conditions In southeast Missouri, Arknnens
and the northern portion of the Indian Ter
ritory hare generally been mere fnrornble
during the past seren days. With the ab
sence of excessive mins, the growing crop
Is progressing antltfaetorilr. I r '
of only scatleretl eomplnln
fields, worms and very (Itlle shedding. The
weeks form the critical period for the
weed, but It will take most nnnsnal and
nnfavomhle weather during that time to
prerent the territory named from having
a good average crop. On the other hand,
with anything like seasonable conditions,
the outturn will prove considerably lietter.
* - Indicated In oura of August 1, wo do not
i for as early a movement In onr terrl-
try as previously ejpeeted snd ns s conserv
ative estimate we Judge thnt tho growing
crop Is now fully two woks Inter than nor-
Uttle further can he added at this
Tii
pceted."
ITp to 13M p. in. the
inrun w»i kuou enough.
Spanish mills nra making (rood bids f<
large lots of ootton here for lmmedia 1
shipment and middle of Keptembor »hl;
lent .Much of the telling appears l
line from longs.
Manchester cabled at 2 p. m.: "tn cloths
borers arc operating less freely; yarnsvare
In limited Inquiry,"
Net stocks of cotton In New Orleans 11,353
bales, against 60.933 lost year. Amount of
rotton on shlphoord Is 16,851 lmles snd 17,238
Inst year.
There Is no reaction In sight yet. The
-jd-tlme bulls are either on the fence or
else are short, and the reactionists lack or-
ffflnltntlnii • nr«s nfTnrlnv null to
snd mm In 1904.
sgalnst 44,310 Isst year
SPOT COTTONLMARKET*
Atlanta, quiet at lOHc.
New York, quiet at 10.60p.
New Orleans, quiet nt 10 5*^6<?s
1, quiet nt 5.1“*^
steady nt
Liverpool, <
August a. steady nt ''Wbic.
Hnrnnnnb, easy at 10 3-16c.
Rt. Isonls, dull at l(Wo.
Houston, quiet at 10%c.
charleston, steady at lOtfe.
PtalUnli
LIVERPOOL COTTON MARKET.
American 100.
Futures opened easier.
Opening
prices easier;
- r ‘met.
receipts 1,000;
uplands B.fed: sales 6,000; American
rpeeuLitlon and export 500;r
Rrpt.-Oct,. . .
Df't.-Nov. . . .
Nor.liee
Ittr.Jim
£«0.Feb. . .
Frl*. March. .
*«rrh April. .
AurlbMay. . .
Closed easy.
.6.40
Previous
^Iose. (’lose.
S.42-6.43 6.50
6.40-6.41 6.45-6.46
.6.47-5.35 6.33-6.34 6.41-6.42
..5.33-8.34 6.31-6.32 6.38
. .6.33-6.34 6.31-6.32 6.33
, ..6.31 .6.3* «.»
•MS ’
...6,37 6.36
. .5.39 6.37
. .6.89 6.88 6.44
ft
6.43
TODAY’S PORT RECEIPTS.
The following table shows receipts at the
Inal.
Private Wire to Glbert St Clay.
New York, Aug. 10.—T.lveryool nt 12:30 p,
m. was 4 to 6 down. Was duo 6 to 7 down.
Judging from tho signs here', "Fries Is get-
‘ng on the short side, so we may noon ex
act a report that the crop la promising.
The Journal of Commerce soya: "AH near
by dry goodn are Arm and buyers are al
ready stating thnt they set* n more normal
demand for the fall season. In the course
of tn or 60 days It (s hoped thnt there will
' ><Msn * *■“* *
... York.
Price says Improvement has occurred In
the Atalntlc states.
Understand Price is out with a bear cir
cular. .....
Liverpool due 7 down on New York and
4 to 6 down on New Orleans.
Our early advices Indicate that the weath
er Is generally favorable, and. althmfgh a
rally la due with such good crop prospects
It (s believed that oven "h moderate ad
ran*
ell*ie*r The demand and strength of spots
Is also a feature of resistance.
Today’s map show* good rains over the
north central portion of the belt: other
wise. the weather Is clear, and dry and
(deal for further maturity.
Market doesn’t act right; has no snap
and looks lower.
ATLANTA MARKETS.
FRUIT8 AND PRODUCE.
Officially corrected by Atlanta Fruit sal
Produce exchange.
Lemons.
Limes W to <&c.
peaches, per crate, 11.00491.60.
Plnespplr- ** "* ** M
Bananas
les. 81.60 to 8160.
lias. straight*. P-* bunch IL60
Culls. |»er buneu, II to $1.25.
». —- 100; <
* Vv'a tennshi |7.60 to’ 820.00 per
AND
‘ to
i.iV
1
New Orleans.
Galveston. . .
Mobile
Nernntiah. . .
Pknrleston. . ,
Wilmington. ,
Norfolk. . . .
Baltimore. . .
Vw York. . .
Boston
Brunswick. .
Total. .
^ INTERIOR MOVEMENT.
The following table shows receipts at the
interior towns today, compared with tbs
“hie day last year:
-53f
Houston. .
Angus**. .
Memphis. .
*(• Louis.
f tori nnatl.
Total.
1304
2978
3W
m
eiBERT & CLAY 3
DAILY COTTON LETTER,
nriraiu. Aug. 10,—In ih. aariy an-
•ton nf (h» Mrarnool markrl. rtptlon. wart
h« lalsr. Inlnanifil by a fair
I,“tonal "f sailing far nvvnont of Ansrioau
•Ii.-Mlra. prion vm iloiimsMl until Anal
v.lni', .hovrod a ton Of 6 jiolnts. Kpot
Itomaotions wore qnoto.1 1« points lowor.
“to, imnnntlBg to 1,000 twin. The only
Ja-riopnsM, tut Iiwractorua.1 tho Aajr'a
'riOlng was tk. failure of the oxpntml
I”-""", to natoriallae. On this .theory,
OWto . Int of cotton was Urnght. not only
Trit-nlsy afteraooti, hnt slso ilnring the
“Mr wslon tMay, which was llqnhlstrtl
*»,n the weakness of the market‘beenroe
»l twrent. A fair Aeeltoe ensued, hut prion
•ton* or less assumed n drifting tentltwv.
*1 ”*. ,n lh. spaemodlo t-orering of aatla-
aJi ,,1,>r, •• There appnra to he no In-
Ooenve nt the raotSeiTt euffletcntly strong
I" more than cheek the deellnhur tendency
f market prices. Whatever the merits
BKHDUPiDe
Ho Be: paddle B to Zl\ie.
L-imeed bens, per lb., 13: to Oc.
ggs, per doseu. IS to lfc.
[utter, .tshlej. por lh^ JO to SHct cook-
11 M lb.; In 1-lb. racko It
O VK0BTABt,F.S.-Irlsh potatora. N
stock St barrel; No. 1 ajook UM.
Old awnt potatoes, per lin.he , |f to SL3;
new sweet potatoes $1,50 bushel.
FLOUR. GRAIN. PROVISIONS.
KLOUIt—l’oatel. 1-ntent. tS.00; Dlamood
patent, S5.S0; Mnanutah Ktar, ».«: fancy
K tent. H«: Brol K.cle, $1.40; Blue lllblaih,
■ no: fancy. $3.W; spring wheat patent, $5.3
to $5.76.
OUUN—Choice rod -ob. 76o: No. t while,
7*c: No. 3 vrllow, 7to; mlactl. 7Se. 1
OATS—t-holee white ellpped, Be; choice
white, 60c; choice mixed, 48c: Texas ruat-
r lIK'Al^rlaln water ground, .per bushel.
Tic: leilted Ito-lli. Jutes, per bushel. Be;
aborts, white. *1.50. medium. $1.4d; brown,
11.3: pure limit, $1.10; mlxetl bran. $1.06.
HAY.—Timothy, cteaee israe hsln. $1.10:
do. choice smoll hales, $1.06;. do. No. 1
timothy l*lcs. $l: drc. No. fc <[; dn.. No. 11
clover mixed, ILOO; do. Na 3 closed
^CLOVEIL—Choice 90c.
S he itlHive prlre. nte -
JeCt to ln'Uie.irote
GROCE......
SUOAR—St.nd.rd grennlated. B.30. New
York Itefluetl. 6!4; plantations, 6H- Market
'c&KFKE-Rossted Athockle’s $14,60,
hulk, In hags or barrels, lie; graen. 10 to
lie. Market etroog.
niCE.-Carolina 4J4 to 7He, according U
grade. Market rery strong.
tlllEKSB—Fnney full erntn dairy, MUe;
hnms !
S H. 15c. un salt extra mm, assy: "eiu
■ Ilia.. $10.60: fat Iwteke «e; plates.J
gems lard. ».n-. Iled_Cross. lor. Ho
Drift compound, 7$te; Bed Lrooo, 7lie.
I THE "dRY ~GOOPS MARKET.
I Private leased Wire.
e ory goon, mi
< acre very flri
very large tra
id linen.. An ap
peal has been sent, out for the eautillih-
iuent t>f a .Ilk conditioning house In New
York, ss this port Is now raid to he the
largest tn silk receipts In the world.
?iew York. Aug. 10—The dry goode mar
ket was strong and prices wene rery Arm.
The Jolihere are doing a very lerge trade
In domestic dress goods a ml linens. An up-
of the situation may he. sentiment seems
to hr harmoniously nf one arcorde and
founded upon prospect, of toraa »I£P»es.
snd this reasoning Is fully justified hy
the excellent progress nlreedy made by the
growing crop nmf the alnmet Heel wenther
conditions that affect the seme from d.y
•• *■ ALABAMA BT.
Cl BERT A CLAY
STOCK*. BONO*.
COTTOI
HEMBCRli
ATLANTA. OA.
; - r.rk Kto-k ExrhanxalNAw Origin. «’*.»»<.!. r.,? f
5“ Tork Cotton Exchange. New OrlMM Stwrk jwjlip-lMW*
Jt*w York Coffew ExcSufBjNtw Ortran* Boar*! of Cotton Lx b.m.e.
PHtU> Wlrw twaU EirtaM»f _
^•caI and Long Dlttanct Ttltphont 5298. .... W. R« FAQAN, M«n*n#r.
TRADING HEAVY
IN UNION PACI
It Was Opened About One
Per Cent Over Yes
terday’s Close.
GENERAL LIST DULL
Efforts Were Made to Open
Prominent Leaders as
High as Possible.
By Prlrato I.cneM Wbl
Now York. Amr. 10.-Th<* markrt thlt
morning nngin innml with much uncer
tainty, rcflcctlnj a conflict of tpcculatlvo
sentiment aa to tho Immoqinto tendntcy of
prlcea. On tho one han*l, call money lend
ing Mt 4 nn<l 4H |*cr cent accmcd to many
mind* a warning signal thnt the crop
Ing demands had already begun to press
upon the money ninrkat. On the other
hand, encouragement was derived from n
sharp fall In sterling exchange, bringing tho
rate to within no great distance fr.
gold Importation o *~
also baa
the
the
anticipation of a hrtlllnn.
this qunrter furnished no little Incentive
t*» the early denlings. Barring one or two
Jnferrnls of hearliif-**, the general drift
of the market to mhldny was lownrd re
eorery. Lnndou wqs higher In all depart
both L’nlon «ml Boutherti Pnclflc. The resl
of the list stnrte*l fractionally higher,
weakened for a brief spare, and then grew
firmer again. A sharp advance In N
folk and Western, on what was unL_
ual activity for that stock, was n feature,
•y In New York Central
. -Irh a stimulating * effect
sharp ftdHMitul In Consolidated Gas slmres.
The stock market opened today under
the Influence of the impetus from yester
day’s late rally. The cenern! volume of
A ^ large, nor was speculation
Efforts, however, appeared
a broad <$«•
to l»e msd»“ i
Inent leader. __ __
transactions took place In union I'nclfl
from 166H to 156%, ns compare*! with
last evening. Ht. l*nul also opened ur
most a full point. Southern l'nelfle i
ed a gain of ,s$c and advanced “
need %«• i
ml Ohio
n,l
•■ha
Ana«*onds, American Hmelt
of the market after the tlrst hourT
: '
eifle contlnm
the loss made cu the early reaction. Mod
erate gnlns over early prices were made
n Colorado Fuel and Brooklyn Rapid
Transit. Hngnt lleflnlng wna exceptionally
heavy and declined Tk to 133, hut fluctua
tions In the rest of the Ust continued nar
row and unimportant.
LONDON 8T0CK MARKET.
1
•
’t
1
•5
a
1
II
1 a
[ Aug
Kept
< let
Nov
Deo. ....
Jan. ....
to:;:?:
2:22
9.64
n
11
1
2:8
1.83
S:«
9.71
H
9.96
9.34-33 9.46.46
9.46-47 9.64-66
».2rS kg
tl®
mm
Atchison.
Canadian Taclflc
Chic., 3111. and 8L Paul.,
Erie*.
111!sol* Central.
soularllle ami NaahvlHe. .
leading
VnnsyTvanla. ......
Southern Ilaclfle
Tulon I’nclue, .........
1 Jntted fttntea Steel
do. preferred
THE LEADING BULL
HAS TURNED BEAR
New York, Ang. Id—The Hun saya: "A
•harp fall In cotton was due largely to a re
newal of heavy liquidation and hammer
■ on I*etter wenther nt the southwest.
•re was very little rain In that section,
-..4 the crop reports were less unfavorable.
In the eastern belt, too, the precipitation
was very tight, and some Georgia reports
— - il*le tenor than tbotf
rrrruiiy rrcriTeu, jhO reeent bull lendei
Is understood to hare sold heavily In com
“letlng the liquidation of his Jongs, and It
i the opinion of the trade that he has
•witched .to the bear aide. Certainly,
SS
—— r
were reached, snd there was a lark of sup
*—* The Booth snd Wall street sold hear-
Liverpool was dlmppolntlng, and tho
receipts of new cotton were large. Hous
ton got 1,149 new bales, against none last
‘’••r. While the Month wns said to bo offer-
.Of the new crop freely. After such dras
tic liquidation and sharp d<-cllno in prle***,
something of n rally would not lie surpris
ing. but. In the bearish temper of trade,
occasional rallies on profit-taking on the
abort side nt the market are all that the
average operator seems to expect. The
weather, however, continues to be closely
watched, and It will probably have more or
1cm effect upon the course of price*.*’—
Glbert * Clay.
New Orleans. Aug. 10.— 1 Xlmes-Pemocrnt:
Awakened from long lethargy hy Initial
heavy’ selling at New York, presumably
for a single sccmint, moat everybody dumn-
• contracts on the ring, and yesterday's
-• j > r < > j, • >-4t 11.1
cotton market was
witnessed in many a dayr On a dcciinln.
market, all optimum In tho rmp prosperi
eomes to the surfsee am; ordinary folks
arc prone to forget tho fact that some so-
__ Mean-
the public has evidenced n some
what positive desire to, get Into the game,
snd la tholriog a decided preference In a
email way for the ’ahort’ aide. Thus far,
the spot market has held the radical spec
ulative element In check, >*ut should the
Interior show any disposition to turn
loose new cotton its price well under the
fc market, active ’abort* aelllng In volume
would follow In clone order. At the mo
ment, the weather map may make or mar
■ ~ ‘ faction every morning.
f room traders. Is cleor-
r lerel nt every oppor-
tbey will probably meet with
|" *— rket or
htrfj
the •
Mag there
•rtlona of more
come. I Hit for the time
Tery little solid Inducement to hull the
staple on any pretext. The outlook is for
an Increasingly active market until spin-
nera* confidence, engendered by the excel
lence of crop prospect*, shall *
:’i»nl
Mena. —
doubt leas lie mere}:
history, for the farmer has learned
collect moot of the profit his raw rot
and mar again Ira
— crop prospect*, shall have run
of the farmer** preconceived price
j. The arbitrament thereafter will
ties* lie merely a repetition of recent
ton earns, i
i counted on to
make the itWnpf In the most approved
way."-Ware ft Lelaod.
J. ANDERSON & CO’S.
DAILY COTTON LETTER
New York, Aug. 10.—Liverpool future* |
RANGE OF NEW YORK STOCK MARKET
Amalgamated
ted 1'onper .Xl.,.r.
Sugar IL'tliilng.,.,, f.
I Open [High (Low | Cl’s-
NOTES OX GRAIN
Pointers on Provisions.
America n Locon
d«i. pr«*f»*rn*d
American Mint-ltlug It.-flntf.g
dn. preferred
Atchison
•In. preferred
American Cotton Oil
Bnlilmora snd Ohio...
Brooklyn Rapid
('anadls *'
I’hlengo
__ rmnait*.'.*.'.*’.'.V.V.V.V.*,*.'.*I!!!!!!!!!!!!!
l’nelfle
mil Northwestern
ie nml Ohio
Find ami Iron
Central Leather
do, preferred
rhlcago and Great Western...........
Chicago. Milwaukee and fit. Tnul.....
I’elnwara snd Hudson
Distiller’s Securities
do, preferred. 7*......!!!!!!!!..
General 1'lectrlc
Illinois Central
American Ice Hcctirlttes
Lnutovllle nml Na■brUIn....*
Mexican Ontrnl
Missouri l’ndflc.
New York. Ontario and Westtru.....
National I.end
Northern l’aclflc
New York Central.
Norfolk nn’d Western.
reiinsylYnnln
IT
•In, preferred...
Sines Sheffield
Tennessee Cool and Iron
Texas and Pacific
Union rnclflc
United States Steel
do. preferred
Virginia-Carolina Chemical
do. preferred...
Western Union
Wabash
do. "preferred
Wisconsin Central
do, preferred
* Total »ti»ck sales today 693,600 shares.
i»h| iad-ij Ilf] i$5\ !Sil| IS’.;
’m
.S5
1764.1 lttk 176V 171V. t§
7: 714. 71'. 71\ 7114
in'-. 14)K 1* • 4.1 ll"> lai.
11-. a fifi 7ijU
a.r.l MU 941,
CH
RANGE OF THE COTTON MARKET
AT NEW YORK.
The following Is the range in cotton fu
tores In New York today:
AT NEW ORLEAN8.
Closed steady.
1’rlvste Wlra to Ware ft I.elsnd*
Chicago. Aug. 10.—Iu spite of
din* In whoat yesterdsy. Liverpool come*
higher. •I<«x>k for a firmer lone to the
whe*t market today.
‘The crowd are Incllued to look on the
ruble* with aufplclou and ara selling wheat
on opening.
Oats opened steady with trade light.
Bartlett. Frasier ft Co. about brat seller
of 8eptember.
Bartlett, Frasier ft Co. bulled the fk*p
teiuber com from 49 to 49Vftc ••»<! the De
cember uud May followed, lleliuholx and
Harris Bcotten took Msy. Ixwka like Curry
buying.
The hedgers have sold a little wheat this
morning.
The government report this afternoon
gives the reserves of old oats lu farmers'
« August 1. March 1 stocks were 171,
bushels, or xt.a per vent of the crap
of imft A rraerve of t |»*r ecut on Angust
1 will show U,71<MMJ bushels. laist year
the reserve was U..tiv,(KV. or *Mi per cMt of
tho crap of ll*>4. The largest reserve* lu ro-
•nt year* wa* 78,100,000 bushel*, or 7.4 per
•tit August 1. 19oi.
I<*rg* nog movement keeps up, and with
lower price* has caused it lower provision*
market. Cudahy a seller of near-by lanl
with shorts Iwat buyers. If these hog re
ceipt* continue product will sell lower. Hog
price* today are same na n year ago, with
lard Hr higher. Think packer* would au
iH»rt the market when there la any ludle
lion of let-up In hog receipts.
Chisago Jtiter-Gceaii: The government f
S rt, to be Issued at the eloae of Chicago t
y, will give tUe yield per acre of winter
whejt, the condition of spring wheat, corn
ml oats, and the quantity of
!** crop remnlhinf.
tr of rata fram
The popular Im
rtfia
_ . port
but that
IB spring wheat.
Derelopmeitta In the provision tra Mfift
lielng watclHKt with much
lone coiitlnoc«l heavy run ot
ed havoc with all the cnlenl
pnekera, who had flgtired the big marketlnga
. .. l>fep over a month ngo, *^he
prefMfion of the trade Is that tl
will Im> bearish on winter wheat.
It will Ih* rather bullish on apt lug
■ ovfslon
■h lutcrest. The
of hogs baa play-
ilculatlona of tbs
should have l>ean ovi
quality ami weight of the hog* now arrlrlng
and those that have I men coming for tho
lost six weeks are inure Indicative or an In-
crease In receipts than they are of u falling
off. HtMH'ttlntan In tho pit nevertheless are
fighting shy of the Heptemher deliveries In
making short sales, ns they rocogntse the
prices for tin -
(nut deliveries, however,
different, and the smaller imienennem pne*-,
er Is exported to take a hand In the nro-
— anon and market n good deal of
TIPS FLASHED
From Wall Street.
Private WIro to Ware ft IsOlnnd.
New York, Aug. 10,—London slightly
higher. i
fitneka nlmndant In lnnn crowd, but pool
manipulation In Pennsylvania and Houtut
“'ncliic will doubtless be rontlnneil.
Call nioner nt 6 per cent, and time loan a
stiffening, favors bearish operations thnt
may bo cheeked somewhat on the rxpeeh-d
confirmation of bumper grain yields na re
fleeted by the government report. Hntner
look for an unsettled market, especially If
ney (lurries develop.
hi ahsrp recessions, would favor taking
on Hteela and the low price* southern and
-astern rails.
Considerable telling In Ht. l’anl nnd mar
ket weakening nil around with rcnllxlni
on upturns In Hill Issues. Look* ns II
declines would extend. Expecting a bad
bank statement.
ndon quiet, mostly
Ktrlke* of deck* hands In harbor brenklng
rather above parity.
Bethlehem Steel expect* to sho
V’estern Union official* admit competi
tion of Amerirnn Telephone Company’s
ong distance service Is affecting earn-
n fondoii fortnightly settlement begin* on
Monday,
s inaiisirinis aernom .w y»-r er
per
Private Wire to Glbert ft Clay.
•Rw York, Aug. 10.—Marshall, Kpndor ft
Co.: We are not prepared ft.r further se-
rlous liquidation In the market today. It
Is. however, unlikely that support will
rome from the general public until some
* tli has been made n* a ra-
p hr larger Interoute.
The‘New York rlnnnelol Baraao saya:
Development* over night argue for some
strength today on the prospective good crop
rooort to be published around noon, but
we regard the technical position of tho
market ss a wide not very strong at tbl*
time, meeting stock on rallies In many
cases, per hops. Influenced by the western
calling of loans here to withdraw balance*
we understand, cause lH*nrlsh operati
by the professional contingent. We advo
cate a neutral position Involving the sell-
ng of vulnerable stocks on rallies, and ths
•uylng of technically strong Issues on de
cline* when weak for turns. N<*w« con
tains Item* of minor Importance, the gov
erning factor now being the money In our
Judgment, nnd all features concerning It
should l»e cnrefully studied. I he strain of
crop demands nnd security congestion may
exert a formidable combined pressure upon
money centers preventing any bull market
of consequence now unless definite as
surances esn be obtained that money will
be easy Immediately after the cron move
ment. which condition does not at this time
seem pralwMe. We strongly recommend
COTTON 8EED OIL MARKET.
Now York. Aug. 10.—JTho market for cot
tott seed oil was moderately m-tlre
heavy. This applied more particular!
thfr late deliveries, which were Indue
by the weakness la cotton and the fnroni
«en t her
hdltlo
south and the lm-
lellverles held rather steady, aud there wns
no eTbleii.o nf plirtb nliir prefcMire .S.nnc
support developeil In Heptembor. The fur
thcr weakness In the lard market nl*e
tended to Influence the local feeling. To
ward tho close there wns some goad inly
ing. nnd prices advanced H to 4*0 from the
opening.—Ware u. Lelnnd.
,>11\ 4■ ii11ii*r.. . • .,
l»i cemhor
Jsnunry., .. .. ,
Closed steady.
It align
13 €m%
17 €37^
0*a?3«
V'yir’.i
loifmi
I'Jose.
33%y344*
30\fi31
3u*yti 31
30VMj30%
STOCKS REVIEWED
B YNEW YORK SUN
New York, Aug. 10.—The Bun says: As a
rule price* suffcreil fractional declines at
the opening, the only notable exception be
ing rcuiisjlvnnln. which opened slightly
above ycNtcrday’s close. From the stnrt
ronfllctfng Inflnenee* seemed to he at work,
the effect of I'ennsylvanln na an upholder
of prices having counteracted the decline In
New York Central sympathetically with tbs
fall In the price of this eotnpnny’s 3' s per
cent bonds on the dissolution of tho unusr-
writing syndicate.
Irregularity In the general market re-
aultnl. but when It was announced that
the Union l’nelfle executive committee had
taken no action an the dividend question
•Nt farafvad
ward from the advances In the rate* for
rail loans. The ease with which prices
went i.ff In the early nff»-rn<...ii In-l-i i
l very
y.—411b
THE COFFEE MARKET.
10.—Tho opening was at
ie of .VITIO Mata on all months
)rtuber, which wns unchanged, end
ket rule«| barely steady daring tha
New York. A
n dectlni
except O
tho market rule*I barely steiidf | I I
forenoon with trading much less active
than recently. Buying was evidently
checked by the easier orimnry markets and
the failure of the European market* to
respond to our market yeaterday. There
tr from th» opMilnr. tor*, wlllnf MM.
.ppmml I. tw- Ho*. «",'l 1T»»S.*«M»
►mtht • Unm l-T.l, brti**r •WIIbIiix 1»
6.64. It thott.6 «t lhM» lower
prlre. there ir.. n«* wtHIWW6. to mi
port priee., ,n4 « r«Ur *rt .Al <h>*
(nte. howerer. e-.llroert to ri.tltirtly
■nln.t the market nnrt tetnporjriltr lt l.-.k«
lower, flow, rer. rot to. .roun.l Mtr it tbl.
.litre of the rrop .loe, not look nu.tlrae.
lire, nnrt wo ro.II.tw to lieltete It unail
mUt to (O .hort at (hi. time.
SOUTHERN EXCHAN6E
Ulfle.t i;.tn\)IHlirq ofTIre K<.nth
conos —STOCKS BOROS M*IR
Ground Floor Gould Budding. Dally
market letter end market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondsst's Capital 1250,000
SKrCSCNCI. THE NEAL DANK
SHONE I WIT. SaUOENTlAL BLOG
iabms In Uhlragp __
yi.ffk) tierce* lard nnd ifwlnl i"»un<ls ril
Mluiii-.ipelh wheat stock* show 50.00
bushels decrease the lost Are tlnys, com
pared with KM.0U0 decrease the onuie period
a rear *•<».
The continent was In the market for hard
winter wheat yesterday, Mnf the best
Imyer, and has I#cn tor a week. Tho Eng
lish market* were making no bids any
where near n workable basis.
Harvesting la becoming general In Mani
toba am! Kaskatchewan. The crop In Kna-
katrhowan la turning out heavy and mil
form, while the Manitoba crop la not n«
good. On some of the old ground yields
will W comparatively llaht. Wenther con
ditions no far ore perfect Tbl* I* con
firmed by a message from Premier Itoblln.
of Manitoba, who sny* harvesting I* In fadl
•Wing, under the moat favorable condition*.
Private Wire to Glbert A flay.
Chicago, Aug. 10.—Ht ranger cnhl«« today.
In fnce of onr wonkncui yeaterday, will
give market encouragement to the wheat
bulls. The bulls' hind Is not going to be
much. If any. Increased for the next two or
three week*. Mnrketa should do better to
day. Hce nothing to frrvnr short side of
corn now. flat* should do considerably hot
ter on late movement nnd damage liy rains.
WHEAT STARTED
LITTLE CHANGED
Heavy Downpour of Rain in
Southwest About Only
Steadying Feature.
SENTIMENT BEARISH
At the Close Small Declines
Were Shown in Wheat,
Corn and Oats.
By Private Leased Wire.
Uhlcngo, Ang. 10.~rioalrig prices shew*
ed wheat %GHc lower, corn *4©He off,
oata %c lower, ami- provisions SftffMe
lower.
Indications point to n record crop nf
wheat In thU country this year, #>», «vvo
bushel* spring wheal and 433.n00,<") In
of 75a.<*».ono bushel*
tly, or the largest
.— total corn ■
els la promised,
ftp DUDls.
The condition of eprlng wheat wi
placed |»y th»» government nt 66.lt. and tl
yield of wilder wheat per nera 16.7. Co
dltlon nf corn SI.1, oats H.I, ry* 1ms m
liartfy 90.3.
The wheat market kept up pretty we
under the government bearish figures, tl
price Iwlng lowered by the appearance
that document. Primary receipts of when
.090 bushels and corn 377.000 tmih.l
nl’itrftl With M6.000 and 404.000 bu.hrl
•«|M-i'tlrrl7. ■ x«ir x*o.
ilMranm for tlw .fir. 143.000 hmh.l.
CHICAGO GRAIN MARKET.
Open. Wgb. Low. Clo.<
8
TH4 n
71* • 74*6
7sH 76H
SS« lii!
«;£
1414
GOVERNMENT GRAIN REPORT.
r Prlvnln I^nacil Wire.
M’nshlngtnii, August 19.—The crop
lug board »»f flic dMinrtment nf ngrb
to*lay inndo the following report a
condition*:
Corn, overage rendition W.1 on August
I - I • I mill v 7 r, In * 1 mouth
WHEAT—
W;::; S' 4
‘‘Tii m-™
K::::: U
^aW- 8 *
Bff* m u:$7H
ll.pt .7.*' 1.46 M0 1.66 I.W
2:5* m 2 :S8
•pt... 9.00 9.06 |.93 9.00 9.06
Get.... |.77H 6.80 8.77J4 x.vt
Jan..., 7.47. 7.45 7.40 -7.42# 7.W
UAHH WHBAT—
No. j n-d TJVrtfTl; No. 3 do 71^(mHL>’'»-
hard wiater 7P4<U72\4; No. a oo T0* t i#
1W
PRIMARY MOVEMENT.
1.06.
84.
1904,
ten-year nrernge
111 ■ i • •
August I. isn6. 87.6 nt the <
■ ID 1904, and n ten-yei
August
respr
Ki.t r
lag
nf to.. C.
IVInfer ulicat. nrollrnlnnrr return* hull
III- n ■ rup nf hI.m'H 4M. UI.W» Imm.Ii.-I*. mi
nu nvernge of 16.7 bushcla per acre, ns com
pored with 14 3 bushels per aero last year,
• finally estimated.
Oats, nTernge condition on •August 1,
*18, ns couipnretl with (4 Inst month, 96.6 on
August 1. 19.16.
proportion of oats crop Inst yenr still
In farmers’ hand*, estimated 7.1 per cent,
ns compared With 6.2 per rent of 1904 crop
In formers’ hands a year ago, 5.4 per cent
of the 1903 crop fa hands two years ago
nnd a ten-year a rerage of 7.2 per rent.
Tobacco, average condition on Augnut
87.2, a* compared with 80.7 last month.
.1 on August 1. 19rii. 03.9 at the eorfe-
apondlmr dale In 1904, ami a five year over,
age 4<f 83.2.
was no prlvato rabies from abroad, nnd
the markets there seemed qnlet.—4jlbert ft
Pofloirl.c wn* the opening range and
close In the New York coffee market to-
ilay:
4)penlng
ll/I nun. 4’Jose.
7.10-7.16
7.15 7.y)
T.*V7;»
January..
.7.16-1
Fef.rnary.. 7,267.
March 7.26-7.
April 7.31-7.46 7.S-7.36
|I
Anri.t 4 ..6.603.rn 6W4.lt
R,ptrailMr 6W4M
O-Tolror 106-TM .1
,inTriiiiN-r,,
Ih-i-ember.. ,
4’losed barely steady.
The following figures give the prlinai
movement ot wheat and corn:
When!- Hei-elpt* today >S3,000 huMle-l
against H35. «»i bpshcls Inst year. Shli
incnla today l.ntS.ODO bushel*, against 4W
1 H "» bimb.-lH III"! \rnr
Corn—Beeetptr * 1
against 4o4,00)
incuts today :v<
inishcM Inst ye
CHICAGO CAR LOT8.
Today. Tomorrow.
NORTHWEST CARS.
give th« northwest
LIVERPOOL GRAIN MARKET.
changed; closed
THE LIVE STOCK MARKET.
Private L.-nsed Wire,
blrago, Ang 10.—1 logs—Estimated
relptn to>1er 24.«k». Market weak f«.
loner; iiunllty fair: left over 7.319; I
$5. r Jftn«Wi oat I mated for tomorrow 1!.
Ili-lit 86.8fiG6.27H! inlte.1 86.39(16.30; lie
tE.fWVffV8.3n* rough 86.8909.71; nigs 85.21
forkor* ICMJftttt gfHxl to cnoleo lie
893006.36.
•keep—Rati an tad
steady; quality fnl
western 12 hi y//5.36;
lamb* 3l.8fiff7.75; ur
THE 8UQAR MARKET.
By Private Leased Wire.
New York. Aug. Id—Local refine$
raw augnrs atendy and tim-hnngcd
don licet* lower; August 9* VI: ^ 4
f>er t2s 1*4<).
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.
which wa* oomrwhat tetter than • ,,
This loss, however, wa* Increased ■
ut* on the eloae. In the early trading
■ •re was • disposition to support the I
market »»n the reaction Idea, but the effort •
was again rather feeble. After a slight ral-
OUrtni
WARE A LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Kt. 3 Will SI.. Rritf. »K.ala, it.
Mona*
•tw r#ri unm aifmtmi .t Tt.u
In Orl.l.l Ctll.t luittlt. C*"... Sink l.th.tt.
ll.tr.99l Ctlti. tn.- .ll.. *»» '»'*
Wlru )c tl. Vwl. .tw Orlt.rt, Cfc/i.f*. i. C COTHK.H V.......
*•-««ti rk» 1
Ball fbtut I3G.
MADD0X-RUCKER BANKING CO.
CAPITA I $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITCO
We invite nmmntB of individuals, corporations, bonks
nnd bankere and offer the best terms consistent with
conservative banking.
ow Interest at the Hate of 3 1-2 r**
L
.
_
m