The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 15, 1906, Image 11

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THE ATLANTA CKOKUfAN. 1l JOSEPH B.uvhlt[ the GEORGIAN’S RECORD OF MARKETS AND FINANCE Xew York Market at the Opening'Showed a Slight Decline. market ROSE LATER On Good Supporting Orders, Some of Which Were for ■ Outside Account. Bj Prlreta Lea»ed Wire. Sew York. Am;. 11—The undertone __ the cotton market at the outlet today wee •urprietUKly eteaffy in view of the nnor reblM. There eeeined to be food •unportfnf ordera In the market, eoei -hlch were for ontehle account Tin. . ,-re quickly aheorbed, and with- itnntre the loae had been fully and the market waa eellln* even with laat utfkt'a cloae. Liverpool did not fully respond to the better fetllnc In the New lork market* Spot* were I points lower on aale* of 5,- too bnlea. Sew York opened about ae due on Liver- poor* ahowlnf. hut the undertone waa In fiver of a reaction and on amno food boylnf prlcea at midday were allfhtly diet- ter than at the It Is reported that lrb buyer, while Jlcl'addcn w I eelllnf freely. Mitchell was flao beaw seller of December. Crop reports are etlll tho main rnctor In ahaplnf the course of prices, and the market responds airily to newa of an un favorable nature, to which ran he attrib uted the early advance this mornnlf, as re ports complain of boll weevil ana heavy rains In Texas this morulas. The New York Commercial aaya: "Of all months, Aurust Is the moat crit ical In the life of the cotton plant, the condition of the crop bavins Improved hut once during the current month for a score almost ropeatlUK the performance on SPOT COTTON MARKET. 1 irrik, I|i|in III 1V.1W-. New Orleans. firm nt 10141c. Llver|*ool, quiet nt 6.G5d. August*, quiet nt 10Hc. fit. Iaouls. quiet nt l'H4«*. Savannah. quiet nt 10ll>16c. charleston. nominal. • Memphis, quiet rtt I0»4c. Baltimore, nominal «t 10He„ Galveston, nomlnnl. Boston, quiet nt 10.03c. Norfolk, quiet nt lOfte. Mobile, dull at 9%r. LIVERPOOu^COTTolv "MARKET. I.lrerpool, Aug. 14, 12:15 p. ni.—Cotton, ■pot quiet, with price* earner: middling tin* und* 5.<3«1; sale* 6,0)0: American 4.800: ■peculation nikI export 600; receipt* 2,000; American 1,090. - Future* opeued steady. (*|mmiIii£ . Previous ltnuff;*. Clime. Clw. August 5.W..T) 6.»-5.T» 5.S6-3.37 August-Hcpt. . . .5.36-5.35 6.35-6.26 *'*.22 dept.-Oct 6.23 K») 6.2041.27 Oct.-Nov 8.23-5.23 5.23 5.21-6.23 November-Dee. . .5.20-8.28 6.23 5.24 3.25 Her.-Jan 6..TV8.2U 5.29-5.33 5.25 Jan.-Fob 5.D-&29 5.31 6.26 Fel».-March 6.32 _ 5.33 6.21 March-Aprll 6.34-6.35 6.36 6.*J April Mny. . . .' .6*35-6.34 6.36 5.31 NEWS AND GOSSIP Of the Fleecy Staple. »^ew a ora. Alig. 24.—Liverpool at 12:39 Bpea'sSfioSff. 4 d ° WD * 1>UG * b ° Ul 5 UP * cable*: "Market dull; advance checked hr some of yesterday’* cotton still In market." Jj*t« trnyer* yesterday continue baying a consumption^next yaar ofil,ouo,ono > ba£l of ftt kluda of cotton. He slao said cron of 12.000.000 bale* of American waa needed to prevent scarcity. Under auch clrcuni* stance*, be stated he felt confident of much higher prices for cotton In tha not distant future. Tbla looks like a sound argument at the present Jcr*l.“ » Carpenter Baggot & Co. aaya: "We would not favor extreme bearish view* In ~ “ that any t»ad weather to i——— ——lent, or Increased deterio ration reports might bring aliout at any tlm* a sadden upward more." The Journal of Commerce aaya: ‘Tha market opcued firm. There waa less rush to buy than on aome day* last week, but the general demand was large, especially In Jobbing booses. The mails brought many ordera to commission houses, and jobbers who made Initial purchases thirty daya “— —-* who are now desirous of taking allotment of goods they did not care for In the early part of July." / Norton and Wilson selling. Wiggins iNUight 12,000 December at 9.70, and Is still buying. New Orleans. Aug. 11—Our traveling rep resentatlve wires: "Troy. Oxark. Dothan, Ala., good crops. Chattahoochee river, iUInhrldce* Ga., to Thomnsvllle. Ga., late, but fruiting welt Reports of dnmage ex aggerated or else crop shows wonderful Improvement In past two week*." E THE RUL Price Movements During the First Hour Were Irregular. THE SHORTS COVERING There Was Little Commis sion Business-—London Moderate Buyer. Looks like some Mg shorts trying to cover. Not much suap. Would aril market on any further rally. Map again show* general rnltis over eastern and central portions of belt, and light scattered showers In Texas. The failure of the foreign market to re spond to our advance caused a lower open ing. Market now steady, and with some shorts covering on farther rains over the belt Private Wire to Ware Jfc Iceland. New York, Aug. 14.—Liverpool future* opened quiet 4 up on uear and 5 up on late. At 12:15 p. in., 2 tp 3 up and quiet; sales 6,000; spots 3 dowu at 6.65. Futures due about 4 to 6 up. ' Not much to New York market this morning. Commission houses bought aldernble cotton. Market acta n bit sold to us. Think Mr. Price la committed to the bear side, beside* which there Is S large scattered short Interest In the market here, and for the present would rather bay cotton on breaks. Cotton market opened Just a a expected or Liverpool cable*. Commission houses buy er*. Wiggins mid Howard WUhoii took blocks of October and December. Market looks a* thought It waa In an oversold state. It was not cnay to buy cotton yes terday, and this morning, a* heretofore. Until considerable short* ltavo covered, would rather buy cotton on weak spots. Short side entirely too prouilneut at mo- New Orleans. Aug. 14.—Liverpool was due 4Jf4'A Up OH New Orlenus. awl 4ttf?5V4 up on New York, and Is, therefore, uot quits up to expectation*. The weather map show* a great deal of min over the cotton belt, in soma localities, the rainfall is heavy. Receipts of new cotton to date 16,840 nt Houston. Receipts nt New Orleans 369. 1 new bale. Hutton. New York, wires: "Yon can •II rottou at thcae prices. No rally to uirket. Will issue Ol!^’ report at noon NetTatoek of cotton here la 14,530 bale*, against 51.163 last year. Amount of cotton on shiplHNird Is 17,403 bales, against 16,31* last year. THE WEATHER, TODAY’S PORT RECEIPT8. The following table shows receipts at tha G irts today, compared with tbs ssma day st year: New Orleans .. Galveston ... Mobile Harnnnnh .. Charleston .. ,, Wilmington ... Norfolk Boston ... LOCAL FORECAST. WEATHER IN COTTON BELT. By Private Leaaed Wire. New York, Aufr. H.—Both In London and In the early dealing* her., the movement of American aharea was ex tremely Irregular. The good feeling occasioned by yesterday's gold Import announcement waa not wholly lout, nor were there any developments- In the money situation today to warrant lees cheerful view being taken In epee ulatlve quarters. Sterling exchange hung cloae to yesterday's low level, and the cash gain of banka at the sub- treasury on the week was maintained. The uncertainty on the stock exchange seemed wholly due to superficial con dition of the market's own position, much doubt being felt whether, In view of the narrow Interest In the trading prices for many of the leading Issues, had not gone ahead too rapidly. This apparently was the feeling among the majority of active traders this morn ing, and It was encouraged by nfgns of large realising sales In Southern Pa cific, Union 1’acini', St. Paul and one or two other recent popular Issues. These stocks were decidedly heavy during the morning, and further weak ness, for obvious reasons, appeared In Brooklyn Rapid Transit. On the oth er hand, a number of speclaltle* were bid up again, and many of the regular list which have had leas rise than the leaders held firmly prices. lu the stock msrket meat atocka nil vnneed nt the o|H-nlnx, Union I'm-lfle mol ■ 'eniisylvsnln Raining Htirair H, Missouri Partite S and ltesinng. Kmeltlnx and t'oto- rado Kin-1 H. ('nnadfnn I'acffle atnrted In a little lower, tlna ntid Northwestern de clined !, nnd St. Paul H. Price movements * were irregular, nlthi vored the hull side. n great deni of (-overlnx lu the orally nlpulnted atocka, and they thought, > aouiu were ndvaneed on orders, long stuck slsmt 15,000 shore*. ikirrruuieuts uuchanfod. steady. LONDON 8TOCK MARKET. BTOfK- INTERIOR MOVEMENT. The following tattle shows receipts st the Interior towns today, compared with ths Mine day last year; Memphis ... Nt, I-tula ... Cincinnati ... NEWS FROM COTTON CROP. New orlenus. Aug. 14.-A reliable Entaw lAln.t correspondent wire*: "Crop prw- peeta lots favorable: retton shedding budly nn 'l not fruiting well. Worm* will do lunch damage* which la-aerioua. Conillflos fully Jrt |ht cent off psat ten days. A 'llsimteb from Whnrtoo. Tea., aaya: It of prominent Wharton , county farmers were In town tmbiy and report that they have had too much rein. Bell weevil* ore heroin' ''"hie considerable •li-MIng badly." ,. L-'khorl. (laid I he light ralna or me uam in. w. have not Interfered materially with rottou i rking ami the staple Is coming In from all .llreetlone. The town la full of cotton onrer* and good prices ere offered." , , THE 8UQAR MARKET. I'rlvste Lrearff Wire. New York, Aog. H.—Loral rpffo.d and raw sugar atrsdy and nnehnngfd.. London *—•» up Mi Anguat. 5a; Septemlier, 110M- "i. t rirnte Leaaed Wire. .New York. Ang. It-TIn developed eon- 'Merahlo strength In apot, owing to a w;rclty of tkat commodify. Sererel trana- jetlona were made at an advsnee of *"d the price eloeed et the best. ' nprer mini flnu. hot unchanged. Lead end spelter were neglected. Texas—Trier, clear and hot. Hnn An- inula, partly eluudy and warm. Houston, pertly cloudy niul pleasant. Dallas, clear iiml pleasant. NpeclnI Tcm* ltnlnfnll—Beevllle, Itren- hnni. linlreslou. Huntsville. Taylor, trare; t'orsh-nua, .JO; Ft. Worth, .35; Ifonstou. .04: Krrrvllle, .10; Mella, Naeogiloehe*. ,H; Palestine, ,0J; Wninbsehle, .50; Weather ford. .15; Wharton. .01. Mlsaliudppl-Mrridbiu. rlear nnd warm: very hard rnlu yeaterday; ralnfnll 1..5 Inches. Ysaoo City, Jackson mid hatches, elriir and warm, llasleliurst nnd llniok- hnven. clear nud hot. Hreenwood, clear ""AlnWwurwBpellkn. partly cloudy nnd root Montgomery, eloody and threatening; very hard rnlu yeaterday. Troy, portly cloudy id pleasant. Helms, cloudy nud hot. Blr- Ingiiain. cloudy und cool; hard rain yea- rday. Mobile, portly cloudy and warm. Huntsville, cloud/, thmitenlng nml cool: Slow rnln yeaterday. Decatur, eloudy nnd rnlidug. , (leorgla-Columhas, cloudy. sm| warm; rnln ycstenlny afternoon. Macon, cloudy nnd hot; light rain last night. Americas, .-loudv nud warm; rnln last night. Allmuy, partly cloudy and warm; heave showei ^ Tenneasee—Naahvllle. eloudy and plena- ant; aprluklisl lnat night. Loulalnun—Hhreveport, clear nnd hot. WEATHER llTwHEAT BELT. showers st Wllliston, — — Writ nnd Routhwest—Oeuerslly clear; B Ohio Valley—Clondy; « to 74 above; local Anncouita Atchison Cniisdltn Pnelflc Chic., Mil. aud Ht. Paul Erie Illinois Central leiulavllle nud Nashville.. .. Heading.. .. 4 Pennsylvania ,, ,, .. Hontlicrll I'ncifle I'nlon Pnelflc United mates Hteel do. preferred COTTON REGION BULLETIN. mcrldhm time, Augnat XTATI0N5 OF WEATHER CONDITIONS. Unsettled <-auditions preilomlnste and showers hare oeenrred over ths states sontli of the Ohio and In iiortlona of the smith west. Hbnwers hsv- oeenrred at seat- tered stations lu the .mirtbeni district* of the Itoeklea slao The following ate Ilona report one lu<4 or more of rein In the laat ii hour*: klerldlsm IK; Btra ng hsm. 2^; Nrwuan. Ga.. 2.W; Tolaf, M? Montlrello. LOT: tlriffln. 1.06: Thonias- vllle, 1.74: Omni water. Ala., 1.55, and New port. Ark.. 1.54 Inches. The pressure has decreased at all sta tion* swat of the Itoeklea. The moat de rided change* have occurred In New Eng land nnd New lork. IJttle or no change In temperature his occurred except nt a few scattered, sta- "The conditions continue favor*Me for lo ci shower, tonight J^gKte. Bectlos Director. WEATHER FORECAST. Georgia. East Florida. Alabama and Vla- ataalppt—Loci ralna and warmer Tuesday and Wcfnesda/L "ah' variable winds. lamtslana and Eastern Texas-Fair Tues day and Wednesday; wanner In the interior Tuesday; light south winds. T wS5«n Florida—Local rein. Tnmsl.y <U &a’KSr. r ItfffiiWd,.- saa—Fair and warmer Tuesday; Wednes day fair and cooler. GIBERT & CLAY 14 r. ALABAMA ST. ATOCKA. BONDS, COTTON. CHAIN, COFFEE. PSOVI SION A ATLANTA, 04 •Atlnnt*. cloud? .7 •c'bntfnnoogs, rsln Columbus, rbmdy Osltipsvlllp, rlouiljr GVoeurllb*. eloadr .. Griffin, cloudy ...... *Mscon, cloudy Monticollo, cloudy .. Nrwiisn. clowly fRomo, cloudy Hnnrtsnliurtf, rloody , Tsllii|HNisn. cloudy . Torcoa. cloudy West Uolnf. dowdy A RANGE OF NEW YORK STOCK MARKET Amsljrniuntcd Coiiiht Amcrlcsu Suysr Hcflnluf Atlantic Coast I*lno Anaconda America n l^cnwCly# American 1 VimTii nf’iVcfliiinf.’!!!!!!!!!!!.'! .*) .* Atchi»ou do, preferred American Cotton Oil Baltimore sod Ohio Brooklyn Rapid Transit ('susdlsn Barite. Chicsfo and Northwestern Chesapeake Slid Ohio Colorado Pud sad Iron Central Leather do. preferred chlrako aud Great Western Cblcajfo, Milwaukee and Ht. Faul... , Delaware and Hudson Distiller's Hermit lea do, * p ww^v.v.v.v.v.v.v.v.v.v. * v::v:.v:*.v::: General Kleetrie Illinois Centml Anierlenn Itv H«>euiitle* Louisville nnd Na*hvUlo Mexican Coutrnl Missouri Pacific New York. Ontario and Western National I,ead N Northern Pacific New York Central Norfolk and Western Pennsylvania People’s Gas Pressed Hteel Car - do, preferred....#. Pacific Mall Rending Republic Steel * Rock Island do. preferred... * United States Rubber do, preferred Southern Pneiflo Southern ltallwnj do. preferred Bios*Sheffield * Tennessee Coal nnd Iron Texas nml Pacific Union Pacific United States Mieel do. preferred Vlralnla-Csrollns Chemical do, preferred *. Western Union Will midi do, preferred.. Wlscounln Central do, preferred...................... Total stock aalea today fii»i.2uo shares. RANGE OF THE COTTON MARKET AT NEW YORK. I s B i Ii ! i S a i II J U Aug Hcpt. . . . 4M. . . . . Nov. . . . Dec Jau •>h Mch. . . . 9.32 9.41 M til 9M $.39 $.49 •niTi Ml '$:» 9.32 9.4*1 ».b7 M7 9.77 9.39 9.44 9.67 *9fi9 9.79 9.31-81 9.4141 9.64-66 fi.tO-70 •as 9.89-90 9.34-39 9.44-46 9.60-61 9.6748 9.71-7! 9.81-82 in i [ 9.06 97 JStv:: Oct Nor Dim- Jail Fell Mrh 10.00 9.63 •-••ii 9.65 9.72 9 M 10.00 *o!?o 9.66 9.72 9.79 9.98 sin: 9.t« 9.61 9.72 9!» 9.W :».»/. 9.67 9.74 *M7 9.97 9.75-77 9.64-66 9.6648 9,67-68 9.74-95 9.79-82 9.W-90 10.01 9.77- 79 9.6d .• 9.67-\i 9.68's 9.75- 9.78- 80 0.95-91 Closed steady. Closed steady. AT NEW ORLEANS. » Minimum temperaturrs are for the 12- nour |H>rl»d ending at 8 n.tu. this date. £ Received late (wlro trouble); not Includ ed In average*. IlKAVY RAINFALLS. • Newnnn, Ga 2.0) Wqat Point, On. ... 1.82 I'amak, Ga 1.70 Meridian. MIm 3.92 ThoinnsrUle. Ala 1.74 Good water, Ala 1.58 Newport. Ark 1.84 GOVERNMENT WEEKLY REPORT ON WEATHER AtOTiuimn—The day temperature* were uni formly high. Fair weather prevailed during the forepart of thu week, the latter part Ining oerouipnnled with severe thunder storms, and heavy precipitation nt nentter- ed points. Rnln Is m*eded, however, In *4»me middle western am! southern coun ties. Arks if saa—The teiu|iernture wns slightly lielow the iiormnl, and favorable. Light to general shower* occurred dally, the rnln* l»eln« heavy ou *eversl dates In the northeastern mid northwr»tern counties. Rainfall was Mow the uoruinl lu some Nouthern counties , Georgia—The weather wna fair and warm moat of the week. The temperature ranged from 2 to 3 degree* nlmve the norunil. The rains were light and scattered, some east ern districts receiving none. The total ralnfnll was Mow uonusl In all sections. fsoulilaiia—'The temperature was ntmut norii."! In the northern portion and slightly uliove lu the nouthern portion. Shower* occurred nearly every «isy, tint the pre- Hpltntlon wns lielow the normal, except In Mcnttcrcd locnlltle*. Thu suuabliiu was slightly lielow normal. Ml**l*«lppl—The temperature was about 3 almre the normal The rainfall was Ir regularly distributed. Iielug heavy III soiue Vastern nnd northern counties, and deficient In the central nnd western counties. There was ntuple sunshine. North Carolina—The weather has been hot nnd sultry, with plenty of Nunshliie. A feature of the week waa the high mean temperature, which w*aa about 6 degree* above the normal. The rainfall was some what lielow the normal, and not well dis tributed. Oklahoma aud Indian Territory—The weather waa cool, cloudy and wet from the 6th to the lltli. The 12th and 1.7th were warmer and dear. The .temperature aver aged nlMiiit 3 degree* lielow the normal. The rainfall wns heavy to exresalve over the whole section, Atlanta .. Augusta . Charleston Galveston Little Uock Mfjtjjdd* a # a a .. Montgomery ” !! !! New Orleans .. .. Oklahoma Savannah Vicksburg .. .. .. Wilmington .. .. .. T Indicate* Imj rainfall. iMppredahl* REMARKS. The temperature remains practically sta- tlouarv over the greater portion of the halt. Hf|n has fallen In all districts except In Oklahoma. Heavy rains tov* occurred lu Georgia, Mississippi, Alabama aud Arkan sas. J. h. MARRURY. Bcctkm Director. L. J. ANDERSON A C0.*8 DAILY COTTON LETTER erpool our man thla moraine, but strengthened s/ter the first fSw minutes mm covering by aborts »M burtag for latereota who think n re- • Is now due. Alsu aome uneasiness Nt on account of the continuance of » over the Mt, aopeclaUy In Texas, ■e ctHuplalnts are beglanfug to tw more numerous as to too much moisture aud activity among the Ml weevil. The trade, however,) Is •till optimistic as to a Mg yield aud ara ouly Inclined to support price* temporarily for n readluu aud a lietter selling1*1*. It will take aaufe more pronounced Indication of damage to the growing crop to change the temper ot things to any great degree. Jem now the reports Indicate exeetleut eondltkma over the most «f the Mt. cm I rapid deteriors- flon wfll have to begin to cuuvfuce the bearish element that we are net going to have a verv targe yield. \ ; >>w York Stock gas??©: i FwiSi Coffee KxcbaDgeJ»Tr Orlesua Bo«f*l of 7raae.|GiJveatou Cotton I.xchnngw Private Wire* to nil Exchanges. tacAl and Lang DlaUnaa Telaphont 5298. W. R. FAGAN, Manser. aginl alnive tho normal, tw< ccsslvcly hot. The precipitation was most ly lielow the normal, only small sr«*ns receiving more Uian the normal. The last two days were cloudy In localities, the rest of the week affording ample suu- shine. Texas—Scattered light to heavy show ers occurred In all parts of the state. The ralnfnll was above the normal In the north western, northern and most of the west ern counties, and also In scattered rountles In the central and southwestern iiortlons. Rise where, the rainfall was Mow the nor mal. A number of western, northwestern nnd northern counties received over 4 Inches of rain. The temperature waa lielow nor mal In the northwestern and western po tions, and normal or sllfbtfy shore the THE COFFEE MARKET. New York. Afg. 14.—The coffee market cpencil steady nt unchanged prices to a decline of 6 (mints, which wns considered ii very good showing on tho cables, but kened anon afterward, and III the early 4lll*ert A liny. Following w» close In tua Naw York coffee oiari day: Opening Range. Pina*. January 7.16-7.30 7.06 7.16 Fehrnnry 7.30-7.31 March 7.3) Abril 7.35 7.45 May 7.45-7.80 June 7.60 7.15 July 7.60 August 6.99-7.00 SepteiulH*r 6.15 Octolier .. ..7.00 Novctnlier.. 7.09-7.10 December ....7.10-7.15 Closed easy. NOTES ON GRAIN Polnteri on Fitnrlalong. epteiuimr. Tha last previous aale arms Private Wire to Ware A Leland. Wrvnii has sold most of tha corn this morning. Bo little trade. It goes easy, P. F. A C. have taken most ths Hepteiu- a?46V ri “g ^ U-t lN>u<bt < ‘ wr# uf the 6.000 cars of wheat sbli of Ksurns City August 1 to August ... veston recelvetl 1.3W cur*. New Orleans Mi rank Milwaukee uud Chicago Ml cars. St, Paul and Minneapolis 4» cars. Mlaaiaslp bl rtvar 286 cart. New York for export ear*, and Port Arthur 66 can. The Missouri crop report, as wired by Kins, of Toledo, makes the wheat crop of the state m.HO.000 bushels. The AuailHt report of the smernmeut made the crop 31.Xft.C0i bushels. Imreule«l offerings of new wheat at Min nea|>ollq have caused n reiluetlon In the K irinimii of new wheat to arrive to 4|* over sptemlier. at me over. MtnneapolL week will l*e the laat of Det'emlHT mil lu the sttveks then*. For the first tw« daya of this week, wheat supplies at Ml* ‘-'la ilerrasovil 4QO.OUO bushels. ... exiHirt situation yesterday waa de cidedly dliM'ourngliiff. Illda recelreil by the local exporting Jmuses were at hwrer lim its than on Saturday, despite ths higher of this market. The poor demand abroad waa not confined to wheat. Hour men said that the ax qulry for flour was very poor, and tl were nimble to place anything In foreign markets. Private Wirt to Glbert k Clay. Chicago, Aug. 14.—Lower rabies and generally brilliant weather leave wheaf market etlll without any hull Incentive. New c-orti crop fiifures selling on a bawls that we lielieva discount* favorable crop mdll Iona. We continue friendly to oats. The Record-Herald aaya: "Nobody can make me believe that the northwest wheat •roii Is not a large «uo," said Adolph Gerst resterday who had Juat returned fn :en daya’ trip through that section. Hales cash In Chicago wer# 116,080 w 126,000 corn and 80,000 oats. SenlHtard an lea were 61.000 for axporL Omaha sold 60.000 hanl wheat for export Wheat opened dull with a heavy tone, ffrring* were moderate with a lltfle lug hy Slaughter. NOFITHWE8T CAR8x i wheat. buy- mml elsewhere. Loss rain and more sun shine needed lu ninny counties. Tenueasro— 1 Temperature wna slightly alnive itoriunl. Rainfall waa generally suf ficient. hut In scattered territories more moisture Is needed. Local sliowera were more freoaent lu the * counties SOUTHERN JXCHANGE Oldest Kstabllshed Office flouth. CO non Slows BONOS GRAIN Oround Floor Oould Building. Daily rnnrkit tattrr nnd murtt-t manual mallrd on appllrotlon.* L. J. ANDERSON & CO Bankers and Brokers, COHON, STOCKS, GRAIN Correspondent's Capital $250,000 REFERENCE. THE NEAL BANK PHONE I4IT. PRUDENTIAL BLOC HUBBARD BROS & CO. COTTON MERCHANTS Atlanta Offices, 219-221 Century HuiMing. Members New York Cotton Egchange, New Or* leans Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchanges. Direct wire service. Correspondence Invited. Phones 454, Long Distance 39. A.S. Hustace. Mgr. ear* today, last week aud last yaar: U*t Last Today. Weak. Year. Minneapolis ...... ill 113 Duluth 44 61 WARE A LELANCP8” DAILY COTTON LETTER, New York, Aug. 14.—A determined effort — iY the market wna mado f ttempt did not su<*<*eod ns w expected after so severe ' 5 1 ~“1her ■-—*-■ _ ! ■ to h tire recovery lost, and early pricea lower than last night's closing all long the line. The fact of the matter ..** there seemed to he « * much cotton for aale, and nml iitteiiiptcil to run the market up took large Id Mia of cotton around 9.71c ft»r December that they were unable to find a market Inter on In the day. Heimrta from tb« South continue to show favorable crop progress with the only possible complaint of* a little too muth moisture In cerfsln see tlous. Hut frequent showers at thla sea aou of the year have now prevented aL piiFsIhlllty of drought for sevaral weeks to come nr.d tho crop Is so far advanced now that It will requlrr an nuuinal eatain- only Improvement In the market that enu In* expected la a rally from thus to time, on which cotton enn tie bought back at a profit. GIBERT A CLAY’S DAILY COTTON LETTER. New Orleana, .Aug. 11—Liverpool seemed to retract the previous dsy’s policy and ruled steady during the aeaaton, options closing 6 |Miln»a higher, while In spots 6,onu bales were Sold at 9 points lower. Cabin advices were comparatively^ scare*, hut Indies ted the receipt of l*sa fkvorahle crap news. Iluslne** waa on a smaller scale tiMlny, the trade expectant of a further re- action, apparently well content to uwnlt developments of a more pronounced rhar- oi ler l»efora evlnrlng any marked deslra to old the market. Aa It Is. the numerous advices of damage through excessive in ure fall far short id conviction nnd or* . entirely iHirue out by the government a weekly weather reimrt. In which Texas alone complains of InsuffUient agaahloe. and even tbla unfavoraldeneaa la ronflort to Imt n few counties, while the Imbutce of the belt was Vtalted hy neeaslonnl rains, “dy scattered and generally MiefiefaL oubtailly some ajmisge has baen . . light lu Tax** Ibrougli the ravage* of ,-kmI lb. ImNifnatlon nt oh*»r»»r* lulu ningnlr.lux III. tre* ruoflllloa*. F.—flh.- I—m, M lung u Ih*--' f•■*t* .list, «U'I wb-tbur tb-r if. nil or Iroiflurr. m«k,« hut little ilfff-r.ni-: It la b,rillr -ipretiff that lirertah *ur-**lr<-ii-u will b. re- •A lo, while, on llii- otb-r hnn<t. a r*- allmi of *urb affrlrea nw umloubtaff- ly mult In low.r prira In-la. WHEAT OPENED DULL AND HEAVY Duo to Lower Cables nud Generally Favorable Weather Conditions. CASH HOUSES SELLERS Commission Houses Sold Freely—Prices at Close a Full Cent Lower. By l-rirata U-aa-ff Wire. Chlrafo. Auf. 14 When waa ngaln low. rr, tha t-lnaa abowlu# loaaM of iliis- r- r Ih- flair. Corn >4tiV low.r. Data be u|> -'-i- low.r. l-rovlatona 74SV'- low or. Tho wretDima In wh»at aff«n»ff the ..riior (tain tnarkata aaff Ih- rinalnga ware tamo on ih- wbuU. Ih. bulla w.r. bin ulilin* lo nliwrh tha offortaxa. why- Iba honra YbjWW lb# bojn of plouty Will. Ojo-n and Th. fnol (bar l whlrh 7,u^uri 1 bd*h*i* are ofMuitrao, (re l-, waa oiioiiah to ilriT* acatt.r-d l-.n.-, out of ih, markal. i luary r-o*lpl* of wb-al 500.500 huab-ia - corn OTO.OOO bu«h-!,. compor,.; with ,000 nnff M5.9J0 buab.1*. reapretlraly, a .-for tka waak 301,000 buab-la whrat, 117,000 bnabal* corn and no onl. <•**11 aalre bar* 10 load* wbrer for tX. 36.000 iiuah.la corn and lb.000 huab-la CHICAGO GRAIN MARKET. Cblreco (rain and prorlilona quotation* for today follow! Op«n. nifb. Low. Ctoo.. cio*». Is S .E 9 ii §51 a 188 H-pt... 17.OTI4 17.1* Jan LAUD- sue a i .u fi.fifi J;* 8.75 7.m r k e ii# m a. I'AHH WlfKAT- Sft.’ LIVERPOOL GRAIN MARKET. Wheat—Ope ik'd I , i-"' • i ■ Opeueol *i was unchanged, an unchanged; at 1:39 nifiv lower, r-honged: nt 1:38 |». clus*d onebaaged tu 1 PRIMARY MOVEMENT. Th* following figures show the primary movement of wheal nud coru: Wheat — Itri flpta today 6JO.6I0 bu»h<-’*, against icx.ooo bnnhela last year. Shlj«- menta today 500,000 bushels, against 3^. 000 hush*:s last year. Com—Receipt* tmlay M.600 hgahci*. against 4husbela last year, fhlpineufs May 526,660 buahela, against 730,000 bushels • COTTON OIL MARKET. New York, Ang. 14.—The market for cotton seed nil stssfijr. Near position* bowed practically m* change, siul wore 11 inly held, with some atm ka and an a!»- f I»r• A* ,l" I lie ue.lklieas lu cot- ton Influenced sentiment to some i-xtenr, and on the distant ilellveries finds to ills- courage buying, although sellors nre not aggressive, nod appear to he waiting f»r ••vil'i.-o '-r fi!••• offi-ilngs <-f I.<MV rrop oil. Tbo market at the clous waa quiet with values higher to V*'* lower. The oalee reported were 100 barrels of August nnd 500 September at 37t4e.—Ware August., ,, , leptanner.. .. ,, i leremher*. ** ll January.. ,, ,, ,, Closed steady. Owning. ...» ,.87 t7', ,.83H€34 S-iS' 4 a. w, a amiuwui wj me »J-fOlllfl. Joseph A. Mei'ord, CssMer. It W. Pyei Third National Bank $200,000.00. $300,000.00. DIRECTORSi Capital Surplus Dr. A. W. Calhoun. John V> ii. r. Frank Uawklnt. II. M. Atkinson. Joseph A. McCord. rr ■iw r*L *«» w*,*i. COTTOhVGRA:^. ^ROVJSKj^.HroCKS^HONDS, tJljHife Atltati. Ca. CkUtgo BwtrS #f fnk i«* KS*** riii,, bitmm- 5* Uamwwl Cette* 4iiocief.ee. *f» vert Ceffee f hfuh Wirn tw fra York, few Orltant. Ckkajw. f. C C0JHKAH. Fjaeesr. BiU f keee 120- Slfdui Pbm tw. 2 Wart St., fefen ms b tits* fra far! Cette* fertaaar. ATLANTA NATIONAL BANK ATLANTA. GA. C. e. CURRIER. Preaidant. A. E. THORNTON, Vlc*-Pr„lffent H. T. INMAN, Vle,-Pr**ld*nt. GEO. R. DONOVAN, Caahler. JAMES 8. FLOYO, A*»'t C**hler. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNT, INVITEE . $200,000.00 $500,000.00 We invite arcoante of Individuals, corporation-, bank* and bankers and offer the best tenns connistent with conservative banking. la our Saving* Department w. allow Interest at the Rote uf 3 1-3 per cent. Compounded S*inl-Annu*lly. mm —