Newspaper Page Text
JOSEPH B. LIVELY
( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE")
Mr. Lively’* 25 years’ experience
>f editing markets In Atlaqts and
the South has made him a rec
ognised nutborlt/ in bis specialXj.
fflPd. WEAK,
sum LIB
Opened the New York Op
tion Market 5 to 10
Points Lower.
SENTIMENT BEARISH
Longs Were Active Sellers
with Almost No Sup
port From Bulls.
NEWS AND QOSSIP
Of the Fleecy Staple.
Private Wire to Gibert & Clay.
Sew York, Atig. 15.—Llver|K>ol opened 5
down. Wna duo a bout 4 down.
Carpenter. Bgggutt A Co. say: “Wo think
tin* market la going t« work lower and
favor wiIom on inllleH. but would suggest
rare 1n operatIona, uh any extremely lmd
went nor might cans* a rush of short* to
rover that will tend to put prices hlxher
than now sihuiis probable."
IMck Ilros. & Co. say* “Under the cir
cumstances. we cun not see our way clear
to advise buying, either for Investment
for speculation.
The JoiH'unl of Commerce says: “Sharp
advances In staple glnglmnis nnd colored
cottons were the features of the day’s bust-
Advances in wide sheetings and
‘ still pending, nl-
Irtimll.v at value
MARKET WAS PULL
1 1
ll'rev.
1 Open] High
I/OW
Cl’selBId
LT*c.
bleached sheetings
though most lines _____ ...
awaiting an advance of. at least. . ...
cent, and possibly more within thirty dav
per
Trailing for the day tucked ....
vigor of last week, ns buyers ai
to test the effect of lower cotton
i the exchanges.“
We understand that the Giles report, will
of the
vaitlng
quoted
at Yt 0
By Private Leased Wire.
New York. Aug. 15.—The local market
•pined nt a decline of 5010 points, or lowe
than due ou the cables from the market
tt Liverpool, which were decidedly poor.
There was heavy pressure from hear
source*. and also some active selllug by
long®, with almost no support from the
bulls. Indicating that even nt these new low
jivi!- for the season with every option
under 1'*'. sentiment la fully ns bearish
if when quotations were a half cent
Ugbvr-
Cotton In Liverpool was lower than ox
period, both spot and futures showing de
cided weakness.
At the «*lose In that mnrket, spot was
•noted 7 points lower at 5.58d for mid
dling uplands, while futures were 9010
points lower.
Uii the opening cables. New York should
have opened about 2 points lower, but In
land Initial prices were nt n declluo of
Ml) points.
Trade fairly active and nn Increase In
sutdde business noted. The market held
itrndv after the opening break, but there
«m* no snap to It, nnd crop reports offer
terv little encouragement to buy 1>, ex-
cpt for occasional covering, and despite
There will l»e no crop condition report
toned on September 3, as a recent act of
congress directs that the condition report
_ iiig the months In which
audition reports and glnuers* reports
Issued. Therefore, the Heptemlwr re-
t will be Issued as follows: Agricultural
r>rt nt 1 p. m.. New York time, nnd
ffijutis glnners' report about 2 p. in., New
York time, probably September 7, 3 or 9.
Keml-weekly movement at thirteen Inte-
..or towns. Receipts 13.621; shipments 15,-
07; stocks 94,511; no com ns rati vs. Since
Friday, stocks have lot 1,876 bates.
At Galveston, 1.378 bales new cotton were
E rlvctl today, Houston 1,260 and New Or-
ns and Augusta 1 each.
An compared with yesterday** close In
lb" York, the Anal figures snow declines
•f 17019 points, or within n point or two
.. - . — “•* -*— with the tone
be Issued by Hutton A C<
Friday.
Liverpool continues selllug here. The mar
ket Is easy on continued bearish news.
•Carpenter n Idg buyer of December and
Jrnuary again this morning.
New Orleans. Aug. 16.—The overnight
longs are liquidating, causing further do-
E resslon. but would only sell when the mar-
et sticks Its bead up. Might have slight
reaction shortly ou corcrlng by satisfied
shorts.
Liverpool cables: "Think the mnrket In
a weak position. Continent selllug near
months against imports.”
Waco. Tex., wires: “Weather perfect;
less demand; spots easier."
Private Wire to Ware A Lelnnd.
New York, Aug. 15.—Llveriwx
opened quiet, 3 down. At 12:15 p. in., 506
down nnd easy; soles 5,000; spots 7 down at
' 58d. Futures due about 3 to 4 down.
Liverpool cables: "Mnrket affected un
favorably by poor New York report and
^he New YorL -
.Iverpool cables. Pearsall
offered Oetolwr from 10.50 to 10.49. Gifford
sold about 6,000 Jnnunry for Jones and
Hclilll.
On rabies lower than expected, cotton
opened down with quite general selllug.
both outside Interest nnd local traders
apparently anxious to follow the selling
Trade fairly large and well dis
tributed.
New Orleans, Aug. 15.—It Is a fairly ac
tive mnrket. Orders are well distributed
nnd about evenly divided. Hulls are buy*
SPOT COTTON MARKET.
Atlanta, quiet nt 10c.
Ntw York, steady nt 10.30c.
New Orleans, quiet and easy at lft%c,
Liverpool, quiet nt 6.68d.
Augusta, quiet at 10‘ic.
Knvnnnah, weak nt 10 l-16c.
st. I.oul*, dull nt 10%c.
Gnlrcstoii, steady at 10 3-16c.
Memphis, nominal.
Boston, quiet nt 10.40c.
Philadelphia, steady at 10.56c.
Mobile, quiet nt 9%e.
Norfolk, quiet nt lOUe.
Houston, quiet nt 10%c.
LIVERPOOL COTTON MARKET.
rpool, Aug. 15, 12:15 p. m.—Cotton,
sp<>t business moderate, with prices easier;
middling uplands 5.58U; sale* 6,00ff; Amort-
in n.yoO: speculation nnd export 500; re-
flats 5,000; American 200.
Futures opened quiet.
Opening
Range. Close.
.uguet 5.35-6.32 6.30
.mrmit.Hent. . . .5.32-5.29 5.26
..5.27-5.25 6.21
fcpt.-Oet. .
" Nov. . .
. -Dec. . ,
Pw.-Jan. . .
Jin.Feb. ..
Kelt. March. .
Har.-h April.
AprllMny..
Clnsecj Irrog
Previous
Close.
5.38-5.39
5.35-5.36
5.30
. .5.26-6.23 5.19-5.20 5.29
..5.26-5.24 5.20 6.29
. .6.26-5.26 5.21 6.29-5
..6.28-5.26 5.23 5.21
, 5.25 5.33
. .5.82-5.30 6.27 6.35
, .5.33-5.31 5.28 5.36
j heretofore reported perfect conditions
that crop Is rapidly deteriorating by shed
ding.
Net' stock of cotton here Is 14,273 bales,
against 55.165 Inst year. Amount of cotton
— shipboard is 18,929 bales, against 18,121
it year.
futures arc steadier, but the market
shows little sign reaction. Liverpool
Is altogether too bearish to have Its In
fluence removed quickly. There Is nothing
In the spot department,
weather tnnp. Home call the map unfavor
able, but moderate temperatures accom
pany the rain. High temperatures are
more to be feared thnn anything else Just
now.
Material Gains Were Made
in All Departments in
First Hour.
TRADING WAS ACTIVE
Stocks in Early Trading
Bought Without Regard
For Price.
THE WEATHER.
LOCAL rOKECA8T.
WEATHER IN COTTON BELT.
TODAY'S PORT RECEIPTS.
The following table shows receipts at tba
ports today, compared with the same day
ait year;
INTERIOR MOVEMENT.
day Inst year:
Henston.
Aitftwfn.
ibinphls.
L J- ANDERSON & CO.’8
DAILY MARKET LETTER.
rk. Aug. 15.—Another sinking mar-
oti nothing more than has been
... r nearly a month. Crop reporta
*, i' 111 ‘’«*nfllctlng. but complaints arc very
‘ re numerous thnn in the past.
■ of the opinion that the decline
become artificial nnd It Is about
nil n halt. There Is no use In be-
jwniing an eleventh hour bear and hnvlng
™ I' 1 *.' f-tr the experience. Even If the elf-
u , n warranted It land we do not think
“ past experience has taught us that
Mg
trail. There is hardly a
Jil left, the hand wagon Is full of bears,
bi. n tendency on the part of the
•f trade to cry. “Htop. n rnliy Is due." It
tier.- than likely that they will on-
f 1 r *dure their following so ns to
u-i , to , " ko * I tetter hold nt n higher
th. i- n 13,10 f'lture developments prove
■»«.,, $** estimates which have been dr
ying the ring.
and pleasant. Dallas clear and hot.
Mississippi—Jackson, Nntehes and Yazoo
City clear nnd warm. Meridian clear nnd
hot; hard rain yesterday. Hnclehurst,
Hrookhnven, Greenwood and Vicksburg
clear nnd hot. Aiuory cloudy: light rnlu
yesterday ufternoon. Holly springs und
Aberdeen clear and pleasant.
Alabama—Troy pnrtly cloudy and plena-
nnd pleasant. Montgomery pnrtly cloudy
and pleasant. Opelika fair nnd wnrm. Mo
bile pnrtly cloudy nnd warm.
Georgia—Albany partly cloudy and hi
had a very good rnln Inst night. Ann- _
rus fair and warm. Macon cloudy nnd cool;
had hard rain yeaterdny afternoon.
Louisiana—Shreveport cloudy nnd hot.
New Orleans clear nnd hot.
WEATH ER~~FORECA8T.
Georgia, Fast Florida, West Florida—Lo
cal rnlns Wednesday and Thursday.
Ixmlslnnn, Mississippi and Alabama—Local
rnlns Wednesday: Thursday fair.
East Texas—Fair Wednesday ntul Thurs
day.
West Texns—Fnlr In south, showers nnd
cooler In north Wednesday; Thursday fnlr.
Arkansas—Showers Wednesday; Thursday
fnlr.
By Private Leased Wire.
New York, Aug. 15.—The atock mar
ket this morning was stronger and
more active thnn at any time this week.
Prices were higher In all departments
of the London market also, and our
list took Its cue at the start from the
foreign attitude. But the main Incen
tive to the trading lay undoubtedly in
the heavy buying at rising quotations
of a few chosen Issues. Union Pacific
sold near to the highest point of f.ne
January rise and Southern Pacific al
most equalled Its high record of fig
ures of 1902. The reason for these ad
vances. of course, Is the belief that an
Increase In the Union Pacific dividend
and Initial payment on Southern Pa
cific presumably at the. rate of 4 per
rent.
Chffnges nt the opening of the mnrket
were advances generally. Rending gained
% In all. Texas Pacific rose %. Peuusylvn
nln, Missouri Pacific, Atchison, I’uiou Pa
dflc, nnd 8t. Paul gniued %.
The market was full of heavy buying or
dors nil through the first hour, and prtc
to 140.
The gains made In the various securities
ere not large, but were Important Ite
mise they started them nt already high
RANGE OF NEW YORK STOCK MARKET
American Sugar Refining
Atlantic Const Line
Aunconda
America ii Locomotive
do. preferred
American Huicltiug Refining
do, preferred
Atchison ;
do, preferred
American Cotton Oil
Baltimore and Ohio.
Brooklyn Rapid Transit •
Canadian Pacific..
Chicago and Northwestern
Chesapeake and Ohio
Colorado Fuel mid Irou
Central Leather
Ho, ’preferred
Delaware and Hudson....
Distiller's Securities....
Erie »....
do, preferred...
American Ice Securities
Louisville and Nashville
Mexican Central.*. *
Missouri Pacific
New York,’Ontario and Western
National Lend
Northern Pacific
New York Central
Norfolk nnd Western
elilefl** Erie,
and ' Pennsylvania.
Governments unchanged.
Other bonds.are
LONDON 8TOCA MARKET.
Lee
Atchison
Canadian Pacific
Chic., Mil. and St. Paul..
Erie
Illinois Central
Louisville nnd Nashville. . .
Pennsylvania
Southern Pacific..
Union l'nciflc
United 8tntrs Steel,
do. preferred. .
IM
COTTON REGION BULLETIN.
For the 24 hours ending at 8 a. m., 75th
meridian time. August 15, 1966.
WEATH Eh CONDITIONS.
The weather continues more or less unset
tled over the entire country, due to the tint
condition of the pressure element. There
has been a general dercase In pressure nt
practically nil stations, and today the ba
rometer Is nowhere up to the normal 130.00
Inches!. These conditions cause a slow,
sluggish movement of the atmosphere, ns Is
shown by the prevalence of light winds.
The ruins during the lost 24 hours have
been local in character nnd confined for the
must part to the southeast quadrant of the
United States and a few stations lu the
northwest. . 4 _ .
Very little change In temperature has oc
curred except nt Bismarck, N. I>„ nnd
Miles City, Mout.. where it Is 10 degrees
colder thnn nt the same hour Tuesday
morning.
The conditions favor the development of
local thunder shower*
night and Thursday
In this section to-
WARE 4 LELANDS rket letteb<
>ther
y on
the'‘faiTti're *of"Liverpool to follow the local
recovery yesterday, and -when went buy*
era for n reaction started to sell prbis
sinned away very rapidly. Jnnunry sold
down to 9.62, with Deee,.il»er only 3 points
from 9*,V during the session, tor some rea
son or other there w* mwl to '1°«*, !LV
is.rt of Importance, and beyond the short
oVprlliK from tlm* to Unto tho market wim
devoid of the buying that wns needed to
"Tmt" quantum of 0< totM>r cotton cam"
nil. around 4c. nnd thli broke that month
nmgh " tl vcry cn.lly. H-port. front he
An nt a ind lea t e that Indter weather for the
development of cotton tMiuld hnnlly l»e «je-
vtitat.1 hr nature. 1 ttiese < ir< uin
,*es. and In view of the fact that well-
med neople nre unanimous in declaring
crop accounts, such ns are now coming
m now never liefore been received at this
season of the year. It Is very difficult to
22 how there can be found a genuine
basis tor a bull speculation In cotton nt the
11 The*entire market larks buying, nml as
STATIONS OF
ATLANTA
DISTRICT.
*Atlantn, cloudy. ! !
•Chattanooga, cloudy..
Columbus, cloudy. . .
jeelk.
N’ewnan, cloudy. . . .
Rome, p. cloudy
Spartanburg, cloudy. . . .
Tallapoosa, p. cloudy
Iff
Pressed Steel far
do, preferred..
•Iflc ..Mall
prer.
United States Rubber ,
do, preferred
Southern Pacific
Southern Railway
do, preferred
Sloss-Shcffleld
Tennessee Coal nud Irou
Texas nml Pacific
Union Pacific
United States Steel
do. preferred
Western Union ...
Wabash 1
do, preferred
Wisconsin Central
<1<l_ preferred
Toral stock sales today 1,006,000 shares.
RANGE OF THE COTTON MARKET
AT NEW YORK.
I
§
*
1 Lant I
! Sale 1
j
u
Aug. ....
Sept
Oct
Nov
Dec
Jflii
Feb
March. . . .
9.36
9.5'*
9.54
9.60
9.69
9.72
9.81
9.66
9.62
9.71
9.71
9.61
'9.25
9.3S
9.51
9.50
9.59
9.72
9.71
9.25
9.4*
9.51
9.52
9.60
9.72
9.71
9.12-18
9.24-25
9.40
9.46-48
9.61 62
9.60-61
9.66-68
9.72-73
9.31-33
9.41-12
9.57
9.64-66
9.69-70
9.78-79
9.84-86
9.89-90
Closed bnrely sternly.
AT NEW ORLEAN8.
1
O
a
tt
5
2
1
Sr |
1
Ang
Sept
Oct
Nov
Dec
Jnn
Feb
March. . . .
9.9*2
9.65
9.66
*9.69
9.67
9! 77
9.92
9.66
9.66
'9.69
9.67
b!79
9.88
9.58
9.48
‘9.50
9.57
9! 70
9.88
!*.5s
9.50
bisi
9.57
bji
9.88
9.57- 59
9.49-50
9.51- 53
9.51- 52
9.57- 58
9.62-64
9.71-72
9.97 1
9.75-77 t
9.64-65 1
9.66- 68
9.67- 68
9.7J-75
9.79-82 1
9.89-90
Closed steady.
EXPORTS FOR JULY
SHOW A DECREASE
By Private Leased Wire.
Washington, Aug. 14.—The department
of commerce nnd lnl>or bulletin for July
shows that the total exports of bread-
stuffs for the mouth was $7,910,825; cattle,
and hogs. $2,644,870; provisions, f 15,-
cottoa, $9,580,748; mineral oils, $6.-
048.496. The__total exports for th<
... month
against $51,626,989 for
hour period ending at 8 a.
HEAVY RAINFALLS.
Greensboro, Go *
Evergreen, Ala
Albany. Go -
Tnseumhln, Ala
..2,64
..1.92
...3.80
CENTRAL
STATION.
Atlanta
Augusta.
Charleston. .....
Galveston
Little Rook
Memphis
Mobile
Montgomery
New Orleans
Oklahoma
Hnvnnnnh
Vicksburg
Wilmington. ....
Indicates Innnprecinh e rainfall.
Ill
HI
The totni
$41,193,717, ns •• nil mm 1«I
June. The total exports of breadstuffs
for the seven mouths ending with July
were $100,243,601, as against $66,211^063 for
the coirestMiiidlng
NOTES ON GRAIN
Pointers on Provision*
Private Wire to Ware & Letand. *
Chicago, Aug. 15.—Cables not
weak as our market and we may get
some recovery today in wheat. ,
Support In wheat poor. It drags* and
will drag lower. Reactionists are buy
Ing.
oats market very dull until Helm-
hols sold about 200,000 May. Pit
crowd principal buyers, but are now
trying to sell out.
Looks as If Rankin In trying to cov
er a little May wheat sold yesterday.
Scalpert* buying In some wheat sold
yesterday also. Offering not large.
Buying ot December corn by Finley
Barrel! Is holding the market.
Finley Barrel! Just bought 800,000
December corn and still bidding for it.
Private Wire to Glbert & Clay.
Chicago, Aug. 15.—Believe wheat is
not far from bottom. Corn and oats
In our opinion are a purchase.
Record-Herald says: There was con
siderable activity yesterday In call for
oats and corn to arrive. Sales aggre
gated 137,000 bushels.
Armour was the leading buyer of
corn.
Provision mftn were claiming that
lard was down to an export basis yes
terday and that some of the little out-
jdde packers had been selling some of
Cash sales In Chicago were 85.000
wheat, 135,000 com and 75,OOC oats.
A petition started by F. P. Frasier
to redube the commission rates to the
old basis prevailing before March 1 re
ceived enough signatures to take it be
fore the directory, but the latter dis
approved It on the ground that suf
ficient time had not elapsed since the
rule was passed to decide.
Chicago Inter-Ocean: Kansas has
fallen into line with the other winter
wheat stutes and reported a big yield,
the second largest crop on record.
King, of Toledo, wired the Kansas
report last night, making 91,400,000
bushels wheat. The lost report on con
dition In Kansas was 70. The gov
ernment reports Kansas 81,000,000
bushels. The average yield per acre
bushels, against 11 bushels a year
ago; quality high. Corn condition 88,
ugalnst 79 In June and 89 last year.
Two-thirds of the corn counties report
the condition 90 to 100, or above, the
other third comprises some of the big
communities and the average down.
Crop last year 190,000,000 bushels.
The word "new" In the Iivpeqtlon of
oats In Chicago will be dropped after
‘ >day.
"The oat crop In Michigan Is light
eight, weighing 20 to 25 pounds per
ushel,” said Henry L. Goeman, of To-
do. “The crop in Ohio and Indiana
as been discolored by rains while In
le shock. Corn In the eastern states
doing nicely, and the greater .part
f the crop will be out of dunger by
III M OPENING
Initial Prices' Were Frac
tionally Lower on Bear
Pi’essure.
SUPPORT WAS LIGHT
Cables Were Finn in Face
of the Decline in Chi
cago Yesterday.
By Private Leased Wire.
Chicago, Aug. 15.—Wheat closed 6-8
03-4c lower. It was a case of the
longs getlng out of their holdings and
the bulls refusing to meat them. Coin
closed 5-8#7-8c lower and oats lost
1-401-2c. Hog products were up 2 1-f
©20c.
Cash sales were 35,000 bushels wheat,
265,000 bushels corn and 140,000 bush
els oats at Chicago. Ten loads of
wheat, 6 loads corn and 180,000 bushels
oats at the seaboard.
At no time was the market In con
dition to encourage the bulls. Tills waa
a fact In wheat as well as In the coarse
grains.
Primary receipts of wheat 623,000
bushels and corn 463,000 bushels, com
pared with 745,000 and 677,000 bushels
respectively a year ago.
CHICAGO GRAIN MARKET.
3M
Although the exportation of cotton
the seven months ending with July fell
from 4,093,360 hales during the first seven
months of 1905 to 2,987.706, the total value
of the cotton exported Increased from
$170,315,741 lu 1905 to $170,676,123 for the
seven months eliding with July. The to
tal value of the exports ending/with July
whs $457,375,471, ns against $399.9*6.469 for
the first seven months of Inst year.
8ERIOU8 LEAKAGE IN
COTTON BU8INE88
Mrs. J. D. Jonas.
Mrs. J. D. Jones, 28 years old, died
Tuesday evening at 6 o’clock at her
residence, 45 Bonnie Brae avenue. The
funeral services will be held at
o’clock Thursday afternoon, and the
following pallbearers will meet at H.
„»» ». .... G * P°ol®’8 undertaking establishment
mouth,"n/ 1906. [at 2:16: E. R. Pritchett, J. O. Smith,
Warner Peek, Cleveland Stephens, J. T.
Mlddlebrooks and Arthur Spurlln. The
Interment will be at Westvlew.
In his ntuiunl address President E. A.
Galvin, of the Farmers' Union, said: "There
Is ii serious leakage In the cotton business,
ns nt presellt conducted. All of our cotton
that goes nhrond Is sold at m*t weight.
That is to say. a eertnln arbitrary percent
age Is deducted to cover the weight of the
bagging Hint ties, for the spinner only
wants to pay for the uciunl cotton and not
for bagging mud ties, which are worthless
to him. This Is nil right, provided »r.
paid for the actual number of pounds lu
each bale, ns the price Is more when
bought nt net weight thnn at gross weights,
but abuses have crept Into the business
until under such existing conditions we ars
making the buyers n present of eight or ten
pounds of net cotton with every bale we
sell 7 them, or almut 80 cents a bale at
present prices."
get
Innnpreclnh e t
REMARKS.
the previous 24 hours. \ery little chnuge
was shown In the western districts. Mod
erate rnlns were reported In all districts.
Heavy rains have fnlleu lu Georgln and
Alabama. •
J. B. MARBURY.
Section Director,
“ *■ ALABAMA ST.
GIBERT & CLAY
STOCKS. BOND*.
COTTON, GRAIN,
CoVfCeTp AO VISIONS
-MBERSl
ATLANTA, OA.
, PrtMle Wlrm to nil EkCbtn*-*- PAGAN. M»n3n,r»
tnd Lona Dl,t«ne» Tilwhon, K9fc _ W. R- FAGAN, minao-A
THE LIVE 8TOCK MARKET.
By Private Leased Wire.
Chit ago, Aug. 15.—I !t*gs— Receipts 22,000.
Mnrket eteadr; quality fair: left over 6.228;
bulk $5.9006.15; estimated for tomorrow 20.-
000; light hogs $5.7506.26; mixed $5.7 A "
6.22V4; heavy $5.6006.20; rough $5.G0©G..„ t
pigs $5.20©6; vorkers $6.1006,15; good to
choice heavy $6.1506.26.
Cattle— Estimated receipts 20,000. Market
steady to 10r higher; quality fair; beeves
$3,854(6.75; cows $1.3504.30; heifers $2.30©
5.30; calves $607; good prime steers $5.25©
6.75; poor to medium $3.6506.15; stockers
and feeders $2.6004.80,
Sheep—Estimated receipts 18.000. Market
steady; quality fnlr; native $305.30; western
$3.1005.30; yearlings $5.4006.30; lamlm $4.50
07.*5: western $4.6007.75; lambs not
quoted.
prices before the downward move halts.
New York. Aug. 15.—Further short cover
ing occurred lu the early trading today
under the leadership of specialties, nml
when the large Interests took hold aggres
sively In the afternoon, broadening the list,
nut stile response was noted to a reason
able extent, with promise of further buy-
Ing from fbat source tomorrow, when the
market will probably work upward fur
ther In anticipation of good bank state
ment, Indicated by the sub-treasury opera
tion*. We think the leadership of speclnl-
ties hnvlng been succeeded by broader
buying, means that the hanking element
see thdr way clear through the slough of
money, and conservative bullish tie** should
oltserved u|h>ii the general msrket for
time, with selected Issues bought Judi
ciously for turn*.
Mrs. Rosa Kelly.
The funeral services of Mrs. Rosa
Kelly were held Tuesday at Poole’s un
dertaking parlors, and the Interment
was at Westvlew. *
Effie May 8outh.
The funeral services of Effie May
South, the 8-year-old daughter of
Mr. and Mrs.. Jesse South, were held nt
the residence of her parents, 376 West
North avenue, at 11 o’clock Wednesday
morning. The interment was at Holly
wood.
Mrs. Llxrit Richards.
Funeral services of Mrs. Lizzie Rich
ards were held at 10 o’clock Wednes
day morning at Barclay & Brandon’s
undertaking establishment. The fntor-
ment was at Hollywood.
The pGc corn bulls were very busy
The wheat crop of Spain Is given at
152,000,000 bushels, or 60,000,00^
bushels more than last year. This In
crease Is so large that It raised some
doubts as to Its correctness. In 1904
the crop was 96,000,000 bushels and In
1903 It was 104,000,000 bualfels.
Half the wheat and oats crops In Ok
lahoma has been ruined« by recent
heavy rains which fell for 23 out of 31
days. The grain Is sprouted and dam
aged. This report came from a trav
eling man, and was sent from Hobart,
Oklahoma.
There la a big crop of cotton, al
though the acreage Is reduced.
May
FORK-
kept.,, 17.00
Jan.... 13.40
LARD-
fiept... 8.60
Oct.... 8.65
Jnn.... 7.85
SIDES—
Sept.. 8.85
8.65
nigh.
laOW.
(.'lose.
Close.
71%
74
70%
73%
71
74
78
77
77%
7$
X s
let
8*
4514
u
«74
m
31%
58
3074
33
R
8.85
8.65
7.22*4
8.75
7.87*
8.92V4
pet.. . m .„.
Jnn.... 7.22% 7.30
t’ARII WIIEAT-
Nn. 3 red 71071%: No. 3 do 70070
2 Imrd winter 70071; No. 3 do 69%
»
7.25
NORTHWE8T CAR&
THE COFFEE MARKET.
New York, Aug. 16.—Thi* coffee mnrket
•pened steady at unchanged prices, but
*«*on eased off under a renewal of liquids-
nnd Kurnpenu l»ear pressure with prices
.aid-day about unchanged to 10 points
lower. There was some September liquida
tion on the decline, which seemed to start
the downward movement, na the early sales
of December and May vere some 6 iMiluts
er the clotflug bids of yesterday.—ull»ert
(’lay. *
Following was the opening range nnd
close lu tar *■*— " *' *“
day:
New York coffee market to-
Opening
GIBERT & CLAY’8
DAILY COTTON LETTER.
New Orleans, Aug. 15.—lu Liverpool op
tlons were Influenced by extremely ‘favora
ble crop reports nnd dosing prices were
called Irregular 8 to 9 points lower than the
Wcvlous day’s levels. Snot quotations were
lower by 7 Mats, 6.00ft bales l»elng sold,
rabies Indicated free selling by contTuental
Interests of uear months against purchases
for Import.
Conclusive proof was furnished today of
the trade's willingness to fully respond to
influences favorable to lower levels. 8«i
much hns lieen said and written of late ol
the expected reaction that a feeling of ner
vousness has found lodgment In the minds
of not a few. but when Improvements do
occur vorv little. If nuv. desire Is mnuifest
to support the market. As far a* market
Influences tire concerned, the weather 1?
naturally the predominant feature, - bul
then* must nlso lie reckoned with the nl
ready free movement of new cotton, nml to
day we have It from Texns on good author-
• that the demand for spot cotton Is do
...nlng and that prices nre easier, l-ront
this It may !*» Inferred that some unmis
takable e-op scare must necessarily occur
before anything like n permanent Improve-
sot In the market’s undertone tskes place.
BRYAX QUITS PARIS
FOR MADRID, SPAIN
By Prlvnti* !,pjisp»1 Win'
Purl., Auk 15.—William Jenlnng*
Bryan i.ft this city for Madrid at noon
today. Mr. Bryan hnd to leav. town
without meetlnK Pre.ld.nt Fnlller**.
who aent the American traveler word
that he would not be able to arranRe
hi* appointment, no a. to give Mr.
Bryan an audience.
Samuel L. Land.
Snmuel L. Land, 03 year, old, died
line w.e to make | after a long illness at 2 o'clock Turn
day afternoon at hla re.ldence, 28fl
Lawson street. The body was carried
to Toccoa for funeral services and In
terment at 7:30 o'clock Wednesday
morning. He Is survived by u wife and
several children.
Mr. Hennerde le Eleeted.
By Private l.ensed Wire.
London. Aug. 15.—Mr. Hennerde,
Liberal, was elected by a majority of
nearly 2,300 In the by-electlon In the
cast division of Denbighshire.
SOUTHERN EXCHANGE
Oldest Established Office 8outh.
COTTON—STOWS BOROS—GRAIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAM
Correspondent's Capital $250,000
RErCKCNCE, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOG
Htw Ortnat.
COTTON^GRAI^N, ^RO^ISHbFsSlO^KS^
Ke. 2 Will SI., hlffl t.ifn.f, 3Htsll, C<.
HIUVII-
CMuiw
BONDS,
HIHIIIS:
mw r,rl err*. fict,s».
6 m OrtMs, Cedes tetueft.
’"frhtle wtm te Sew Yuh, Sew Otletei. Ctleefe.
Sell M»>» I3B.
(Mrs,, Stars el Irate.
ClfdM Stock fickatft.
Hew fork Calltt ltck»»f.
B. C COTHRAN, Ui.jfff.
Sfsstfsr 4 Mtt
Mh nil..
April. ..
May... .
June.,..
July —
August.
7.15-7.26
.. ..7.20-7.25
.. ..7.25-7.35
..7.35
. . ..7.40-7.:*!
7.45 7.50
, . ..6.Hft-\l.96
.. . .6.80-6.85
... 6.85 6.96
.. ..6.90-7.00
7.06
7.10-7.20
7.23-7.25
7.25-7.35
".«•
6.75- 6.80
6.75- 6.801
6.80-6.90
6.90-6.95
6.95-7.W
LIVERPOOL GRAIN MARKET.
Wheat—Opened %c lower; nt 1:33 p. m.,
%e lower, and elo*ed %0<%e lower.
Corn—0|K.'iieil unchnngcrl; at 1:30 p. m.,
was unchanged to %e higher; closed %0%c
PRIMARY MOVEMENT.
CHICAGO CAR LOT8.
THEY STILL FEAR .
MEXICAN REVOLT
By I'rlvnte Leased Wire.
8an Antonio, Texatt, Aug. 15.—There
have arrived from various points In
Mexico a number of refugees, mostly
men with their families*, who do not
propone to take any chance* In regard
the anti-American uprlnlng which ha»
been threatened In Mexico for Septem
ber 1IT. Aft£r aeelng their wives and
children placed nafely, the men ae a
rule propone to return to Mexico and
nee the thing out.
Wheat,,
’orn.. ..
Gnti,. ..
t Today, Tomorrow*
COTTON SEED OIL MARKET.
New York, Ang. 16.—The market for cot
ton need oil wjh dull, allowing oulmportaat
change*. August nml Hentember are *tend-
lly held, nnd offerings from time to time
nre taken by the lending Intereat*. October*
milled n little from the low point, ami
there appeared to In* very little preoaure
on the mnrket. lAter dellverle* continue
to wig, but with a very email trade. Price*
nt the clone were unchanged from Monday.
There wn* no bualnes* re|>orted.—Ware &
Lein ml.
Openln
Augnst
September ..
Oetober .. „
November
December
Jnnnnry %
Sale*. 100 August at $8% and
nt 30%.
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world;
THOR. J. PEEPLES, Coibln.
3AS. O. LKSTEB. A„'t Cn.blfr.
MADD0X-RUCKER BANKING GO.
CAPITAL $200,000.00
SURPLUS AND PROFITS v . . . $500,000.00
ACCOUNT* INVITED .
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking.