Newspaper Page Text
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1 —
THE ATLANTA GEORGIAN.
—
THURSDAY. AUGUST
I I
EDITED BY f ! g “Ntlrli
| Josephb.uv E ly[ THE GEORGIAN’S RECORD OF MARKETS AND FINANCE g
Jrely’a 25 yetira* experience
dltlng markets to Atlanta and
South ha* mad# him a r*c-
ogulied authority In bis specialty.
T
IMPROVED EARLY
NEWS AND GOSSIP
Of the F.eecy Staple.
A Better Demand for
Spot Article Was
Noted.
the
ADVANCE WAS SLIGHT
A Reaction Started in Early
Trading and New Rec
ords Were Made.
Br Private Leased Wire.
Sew York, Aug. 16.—The opening of the
■ottoii market today , was ti disap
pointment to the lulls. In view of favora
ble rallies from the market at Liverpool,
price* here lielug only 1®2 points
higher. Efforts were made after the call.
t-r. to promote a belter market, and
if poeslble start a covering movement by
a element. This plan was further
everal private ealdes, which noted
demand for the spot article and
ley to rally. At the end of llftecn
minutes. pMcei were about 3 points higher
limn the close, and the uuOertoun
little better.
small advance In the early trad-
ln„*. cotton eased off on some heavy selling
l.v the bears, a eoiitlnuaiiee of uiitdc-tn-
•ather favoring the short side of
the account.
A private wire from Rnlelgh say
Twttly Improved daring the past
average sunshine and beneficial
ulotte says the weather haw been Ideal
In that section, and that the cottou crop
ok lug tine.
Private Wire to Ulbert A Clay.
I . w .,*’**' W.—'1 ho market opened
lower than expeced on renewed selling by
professional Clement.
Liverpool cables: "Better undertone, and
tiiere is more inquiry from spinners at the
decline. Market likely to improve unless
iresli selling ny Americans, n looks about
sold out."
The next bureau report will be Issued be
tween September 7 and 11, instead ot Sep
tember 3. The appropriation bill requires
bureau reports to be issued hereafter on
the wane day as the giuuefs* reports.
Hick Bros. A Co. say: "it Is hard to see
any thing bullish In the situation with such
weather maps as have been posted lately."
1 he Journal of Commerce says: • Al
though tiie advances In many lines of goods
huh been foreshadowed much plainer than
usual, the day s developments showed that
many buyers were caught without goods
they must have in continuing their business.
The effect of the advaucos was wen in the
Jobbing houses very clearly. Buyers were
willing to fake advantage of the few lino*
that were available and which had uot
been reached by the uplift iu values, and
T
OFLISTNEGLECTED
Transactions in Union and
Southern Pacific on an
Enormous Scale.
RANGE OF NEW YORK STOCK MARKET
oO.UUO hales to buy for Au
cotton ' - *
bujr fo
ive thel
New Orle.
Weld broke
Liverpool cables
Ins gt
, with
Ma
ils*-'
g«‘U
vires: "Crop from Amerleus to
rally gmsl. Moving northward,
»• It
tmproveii
Ther
show _
Id cotton In Georgia.”
Uousloii gets 4,701 bales new cotton to-
iv. Galveston 2:661 and Charleston 1.
In I lie last ten minutes of trading,
erlng movement resulted In
/ most of *' *
..whanged t
rtlve months.
8P0T COTTON MARKET.
auta, weak at I0e;
iv York, steady at .10.30c.
iv Orleans. Irregular at 10 3-16c.
.. erpuol, quiet at f*,56d.
Augusta, quiet at 10%c.
* * steady at
steady at 101316c.
Memphis, quiet at lOUc.
Galveston, quiet nt 10316c.
Boston, steady at 10.30c.
Mobile, nmidiiai.
Houston, steady nt 10c.
orfolji, steady nt 10c.
LIVERPOOL COTTON MARKET.
Liverpool, Aug. 16, 12:15 p. in.—Cotton,
i|M>t business tootle rate, with prices easier;
riddling uplands 6.66*1; sales 6,000: American
speculative nud export 500; receipts
. nil American.
Futures opened quiet.
Opening Previous
Bunge. Close. Close.
August 5.28-5.29 6.27 6.30
\ugiist-Sept. . . .5.23-5.25 5.23 “*
Kept.-Get 5.18 5.16
Nov 6.17-5.18 5.15
Her 6.17-6.18 5.16
.-.Ian 5.18-6.19 6.16-6.17 5.21
Feb. . . . ...5.20 6.18 6.23
.-.March 5-22 5.20 6.36
■ h-Aprll.. .. ..3.24 5.22 5.27
11-May 5.25 5.24 5.23 5.28
i niimun-i, ifIN HIIVC IIIIUUl
ales to buy for August shipment, and
Is selling there at Impossible price to
r export or sell to splutters. Current
only paid because people have to
cottou.
a heavy seller In New York.
• ' vy sellers.
"Hplnuers buying fu
tures to cover yarn sales. Have poor opin
ion of market. Crop accounts contiuue
good.”
New Orleans. Aug. 16.—Liverpool 2 down
Is as expected mm should not affect our
opening.
The map Is again very favorable, clear
and with somewhat lower temperatures.
Light rains have fallen in Reuttered por
tions of the Attnutie, while Texas nud the
nidluuce are dry. Not likely to have much
reaction with such Ideal weather conditions.
.Market opinions, as expressed In brokers'
letters, seem to expect a reaction on ac-
* supposed large short Interest re
It ub in * — “—*
erop deterioration.
I’rlvate Wire to Wore & Leland.
New York, Aug. 16.—Liverpool opened
quiet 3 points down. At 12:1& p. m., un
changed to 2 down and steady. Sales 6,04*0;
spots, 5.56d, 2 down. Futures due to come
MADE HIGH RECORDS
London Was a Good Buyer,
But Sold Some Steel
Common.
. the stock
exchange this morning centered ujioii “
action which' It was supposed would
tnkeu during the day on several corpora
tion matters ' **- * * --*• * “
present Wall
Southern Pacific would be pine .
per cent dividend basts; that the Union Pn-
eltlc rate would be raised from 6 to 7 per
Orleans, Aug. 16.—Cables are favor-
They were due 2 to 3 down on both
American markets. Increased spot sales
* on the part
nbl<
mild Indicate more irtte
of the spinners.
A. J. Huston, Liverpool, cabled: "Better
feeling. Heactlon expected any time, but
don't advise buying unless crop deterior
ates. Better spot demand. Shorts cover
ing.”
Moderate temperatures and little rain
ver cotton belt are shown on the map..
Liverpool ealdes: "Market looks iilamt
oUl out."
After the sudden decline shorts are rather
Inclined to take profits. The market has an
easy undertone, however, and can easily
hammering this morning.
THE~WEATH£B.
LOCAL FORECAST.
STATE FORECASTS.
Georgia and South Carolina—Fair tonight,
local rains Friday.
Alabama—Fair tonight and Friday.
WEATHER CONDITIONS.
that something definite might be
given out concerning the tlnnnclal plans of
the St. I’aul were aiiiiotmceinentH looked
upon as more or less • — *•--
close of business. T*
accordingly, was given over for the most
part to another heavy buying movement
in the shares of these three companies. In
the course of the ufiveinent Union i’aclllc
rose 2 points and Southern Pact At* 1 point
further, while St. Paul touched the highest
price at which It lias sold since last Jan
uary. Only a few other stocks participated
at all III this speculative demonstration.
Pennsylvania and the Copper shares were
bid up sharply and held very strong, hut
this was praetleally all. The general mar
ket showed from the outset that under
cover of the lively campaign In the favor
ites heavy realising was going on In other
quarters, and by mid-day tills sellln * *
caused In many Instances fractional
from Inst night’s dose.
The features of the opening stock mar
ket was ruiiiilng transactions of 16,000
shares In Southern Pacific at 82%©82%. an
advance of nearly a point, and of 25,000
shares In Union Pacific nt 162Viff 162^4, a
gnIn ot about a point, fit. Paul was also
active and on running quotations rose %c.
Chesapeake and Ohio ami Louisville and
Nashville showed Initial decline* of %c,
and Baltimore nud Ohio. Bending, Norfolk
and Western declined %c.
Trading In the Ilnrrlmau stocks was ex
cited all through the first hour, nml Imth
Union Pacific and Southern Pacific made
new high records. The buying of Union
Pacific was on an enormous scale. Ullmun
Bros, took 25.000 shares. New York Cen
tral rose a point, and Ht. Paul scored an
advance of 2 points. Naturally, the strength
those noted.
20,000 shares, selling some Steel
again today.
LONDON 8TOCK MARKET.
5,19-5.20
TODAY'S PORT RECEIPTS.
The following fable shows receipts nt ths
• s today, compared with the same day
your:
INTERIOR MOVEMENT.'
compared with the
__ ... mostly loml sho
and routined to the south and southcas
The pressure icoiitlnuc* low and tint
the entire country, being below 39.0) Inches
at stations except In western New York
and New England.
Til** temperature has remalneq practically
stationary except cooler In the north Pa
cific const states.
While the weather In this vicinity will
be mostly fair tonight and Friday, the
condition* favor the development of ocea-
i ottnl " h "" l ' rH ' j. n. MARBunv.
Section Director.
COTTON REGION BULLETIN.
For the 24 hours ending nt 3 t. m„ 75tb
meridian time. August 16. 19i-6.
WEATHER IN COTTON BELT.
T<\;is San Antonio, cloudy nud warm;
I'nllaN and Tyler, clear nml hot; Houston,
fwir mid picnsnnt; Gainesville, very hot
■n-l ehnidy, looks like rain; Greenville, clear
•O'l hot.
Mississippi—'Yazoo City, Jackson and
Mtchez, clear and hot; Canton nml Lexlng-
Icnr nml pleasant; Meridian, clear and
hot
n.1 hot
; A herd
-Huntsville and Selma, clear and
'TkIii—-Mncoit. clear and hot. had some
May; Albany and Amerleus. clear
ant; Columbus, clear and hot,
afternoon.
Orleans, clear nud warm.
rsm ycHienin* ,
Lotihia tin—NV
WEATHER IN WHEAT BELT.
Extreme Northwest—Fnir to clear and
•mperatures; -40 to 68 nltove.
krnvi
•rthwi-st—Clear, 60 to 72 abov
'"M a ml Southwest—Clear nml generally
r n . rii ";r 62 to 76 above; rains at He* Moines
*kl:ihoma; showers nt Kansas City.
I^T° '“Hey—Partly cloudy, 70 to 72 above;
W E ATH E R FOR EC A ST.
IfN "Friihr nnr * Texas—Fair Thurstlay
s—Fair in south, sho
» rL ‘ Thursday ami Friday.
Arkansas—inie ThunMlny nml Friday.
STATIONS OF
ATLANTA
DISTBICT.
Temp’tur*.
s’i
|||
S°|
>tnx.
Min.
•Atlanta, clear
•Chattanooga, foggy. . . .
(•itiuesvllle, cloudy. . . .
Greenville, cloudy
Griffin, clear
•Macon, clear •
Moutlcello. cloudy
Ncwimn. «loudy
Borne, foggy. ......
.Spartanburg, p. cloudy....
Tallapoosa, clear
West Point, cloudy*. ! .’ .*
23
87
81
81
91
89
88
90
87
S3
84
mo
RS
66
70
73
70
70
09
69
M
71
z
.42
.00
.05
.05
.00
.28
.91
T
T
.00
.38
•Minimum temperature* are for t
hour period ending nt 8 a. n>. this flat
te 12-
e.
CENTRAL
STATION.
lir
Dlit. Average*.
Teuip’ture.
hi
|ll
Hi
Max.
Mia.
Atlanta
Augusta
Charleston
Galveston. . • » .
Lltflq Bock
Memphis
Mobile
Montgomery
.Vow Orleans
Oklahoma
Savannah
Vicksburg
Wilmington
13
1]
3)
16
19
16
11
18
13
10
83
86
91
92
88
88
90
94
92
90
92
S8
70
72
74
76
68
70
70
70
72
6S
.16
.01
.31
.02
.00
.00
.01
.08
.06
.16
.04
I
’nnndlnn Pnelfle.
•hie.. Mil. and St. Paul..
Erie •
Illinois Central
Louisville and Nashville. ,
Bending • •
Pennsylvania
Amalgamated Conner
American sugar Refining
Atlantic Const Line 1
Anaconda
American Locomotive
do, preferred
American Smelling Ueflniug
do. preforred
Atchison ..
do, preferred
Amerlcau Cotton Oil
Baltimore nml Ohio
Brooklyn Bnpld Trnuslt
Cnimdinu Pnelfle
Chicago and Northwestern..
Chesapeake a ml Ohio
Colorado Fuel and Iron
Central Leather
do, preferred
eago and Ore
< uuago, Milwaukee nun n
Delaware and Hudson
Distiller's Securities
do, preferred .’. !!!!!""!*
General Electric.....
Illinois Central ’
American Ice Securities
Louisville nml Nashville '***“
Mexican Central
Missouri Pacific:
New York, Ontario and Western
National Lend
Northern Pacific
New York Central...
Norfolk ami Western
Pennsylvania
People's Gns
Pressed Steel Cor
do, preferred,,..
Pacific Mall
Beading
Republic* Steel
Hook Island
do. preferred....'.
United StutoH Hubbcr
do. preferred
Southern Pacific
Southern Hallway
do, preferred
Sloss-Sheffield
Tennessee Coal nud Iron
Texas and Pacific
Union Pacific
United States Steel
do, preferred
YTrglnln-Ciirollna Chemical
do, preferred *
Western Union
Wabash
do, preferred
Wisconsin Central
do, preferred
Total stock sales today 1,253,500 shares.
1 Opw»|Ulgh
ldBfc! 1J6H
RANGE OF THE COTTON MARKET
AT NEW YORK.
Dec. . . ,
Jan. . . .
Feb. . . .
March. . .
9.24-26
9.40-41
9.45-47
9.6051
9.12-18
9.21-23
0.40
9.46-48
9.51-52
AT NEW ORLEANS.
Dee. . ,
Jan. . ,
Feb. . ,
March.
9.8 Ij 9.97 *l‘“
*** 9.50-51
9.43- 44
9.44- 46
9.45- 46
9.&-M
9.67-69
9.65-66
5$
NOTES ON GRAIN
Pointers on Previsions.
Cl
small. 'One local operator has covered
aiMittt 35J.00O short wheat. A couple of
ot hers small amounts.
There may In* some further liquidation
f wheat today, but price* are getting low.
’•— ' eak* today for n
night get n very
. - ... ^ jo far. Some corn-
mission house Inlying and IimiiI shorts also
covering. Helling scattered. Moderate re
action due any time now.
All the wheat which would cause any
pressure has been sold ami tnkeu by a
local shorts, who ate working for au
Country commission houses best sellers of
un. Home pressure oil May. Not a bull
In sight, and shorts are covering. Bob-
. . cady with n good demand
for May at 31c ami December at 32c.
Provisions strong and higher. Packers
buying lard and ribs and look* a* though
they were determined to market the!
product at higher prh*es. Cash trade goo*
for lard and meats. Cudahy lacking com
puny puld 9 for Heptember rllm.
nothing bullish. Cables are Indifferent ami
ntlicr line.
.'he BeconMIernld says: "Chicago has
received more wheat during the first half
August than during all of August Inst
r. Arrivals for the first fifteen days
this year are 5.613 car*, compared with
4.99) for all of Augutit, 1906. The quality
WHEAT OPUS
ACTED .
The Opening.Was Weak at a
Small Fraction Lower
Prices.
SHORTS TOOK PROFITS
surprising itiipm
...... Out of the receipt*
this mouth to date, 4,316 are contract,
against 2,168 for all of August last year.
Tlie best information we can obtain hull
cutes a wheat cron of about 85.rtJfi.000 In
North Dakota; 75.000,09) la Minnesota and
60.009.00J In South Dakota. In 1965. Min
tioMoUi mid the Dakotas raised 200,000,
0U0."
CHICAGO CAR LOTS.
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
9.46
9.51-52
9.6758
9.62-64
9.71-72
Close*! barely steady.
SELLING WAS HEAVY
BY BOTH SIDES
DIVIDEND DECLARED
BY NATIONAL LEAD
Comp
deml of 1% |h*
and 1 per cent
I quarterly
cent on It* preferred stock
on Its common stock today.
Now York, Aug. 16.—Another drive was
made at the cotton market this morning
that forced prices nlmut 8 point* lower
than yesterday'* figures before there was
•Hough short covering to stem too <ie-
ituo. On the break, the most extensive
baying that ha* been noted ut a nil, took
pine “■
Not during the entire running break
...... 10U . .
tlcallv 9V4c has there been ns benvy
iib*<>rptlon of eontrnets ns the buying that
went on below 9.59 for December during
the day'* weakness. It may be that this
taking of shorts ami that new cotton, to
ad as n depressing lufiueiicc, will be forth
coming from oilier sources In such volume
as would completely offset and neutralise
the present buying movement. We say It
i me urvuuc futvli’-' I'enchoil ll point
re It would be well > halt an Instant
nml take a new view of the situation. The
season has not advanced to a polut where
the crop I* assured hcyo.uj all pcrndveiitnre,
nml the present level In New York repre-
hi jits 9c In the HoutU, a figure that may
lead to a rather less one-sided progress of
prices. It looks tq a great mnuy as though
prices had about reached a figure where
much more conservative selling would lie
the part of wisdom. In fact, mnuy look
for something of a rally.
New Y’ork, Aug. 16.—The Hun says
flueneed by unexpected weakness nt Liver-
>1 nml heavy general selling for Isith
shies of the account, cotton prices de
clined rather sharply yesterday, nml at the
close the tone wa* barely sternly, with
the final prices not far from the lowest
of the ibiy. Heavy rains occurred nt
some points In the eastern licit, nml light
scattered shower* were reported at a few
points In Texas, but in the mnlti the
weather was considered favorable, ami
although sonic bullish crop advices were
Ivetl from parts of Texas.
ther section* of the licit
I* mild to be deteriorating, nothing
'Ugh has ns yet liecn reported t
the
irop
erlo
THE COFFEE MARKET.
New York, Aug. 16.—The coffee market
opened steady at an advance of 10(^15
(Hilut* higher on Kuropenn cables. Trading
was a little more active than recently, and
prices held steady to firm during the fore
noon with the market about lofr'15 points
net higher In the early afternoon. Hale*
for the first half of the session were about
36,000.
Following was th** opening range and
In the New York coffee market to-
large one. However this
bear side Is the popular one. Till* of I tacit
nthy bring about a rally when least ex|»cct
.. Yesterday the former bull lender sold
freely, ami prominent spot Interests wen
sidling. New Orleans nud foreign liotiwi
had selling order*, nml nliout the onlv buy
kig wns to cover shorts."—GBiert it Clay.
eh
day:
July
August
Heptember.. ..
October
November
I»ccember
Closed steady.
Opening
Range.
...7.16-7.20
...7.20-7.3)
..731-7.40
...7.49 7.45
...7.46 7.50
Wheat—Open f ie lower; 1:30 p.
iwer: closed Yfcfttfcc lower.
Corn-Opened Uc lower; 1:39 p.
lower; closed lower.
COTTON 8EEP OIL MARKET.
<» w Y’ork, Aug. 16.—The market for rot*
it seed oil was tuore active but weaker,
with evidence of eousldernblo pressure oil
distant deliveries, which sold at the
lowest prices yet touched. Recent Im
provement* In cotton estimate
rath*'
•mllth
I the
against the
ha* also been ndv*
regular, with pried
-tVnro A t.iTmnl.
Closed steady.
Increased offerings of
ivImpsh In lard have nil
arket. Isienl sentiment
rse. Tie* close was lr-
%,v higher to YK* lower.
,. .. wUtWi
. .. 36*44*37
. .. 33 4i33U 33 *
.. ..30 2974*
*
Market Reacted in Late
Trading and Fully Recov
ered Early Loss.
quiet with Hie talent not iIIsihisc*! to do a
great deal of business amt the number of
outsiders small. Closing prices show:
UtHfce lower,
Wheat
His off ifcd V ami provisions Irregular.
Cash sale* were eleven binds of wheat,
five loads of corn ami 100.010 bushels of outt
at the wcniMinrd, ami 8,000 bushels *»f wheat,
110.000 bushels of corn ami 69,009 bushels
of oafs at Chicago.
The estimated shipments front Argentlifk
for the week arc 1.000,000 bushel* of wheat
and 2.200,000 htishc.'* of corn, compared with
1.C72.UJ9 nml 2.543,000 bushel* a year ago,
respectively.
Primary receipts of wheat 934.001 bush
el* ami corn 414.009 bushels, compared with
672.000 and 483,000 bushels, respectively, a
ago.
•iu..uce* for the day: YVheat 346,000,
4,000. o«trt 20,000.
CHICAGO GRAIN MARKET.
70*4
73V4
May 77
CORN—
Sept 4*14
Dee 41%
May...,. 46
OATS-
Kept 30%
70% 61% 70% 70*4
m i m
an
S’.’
isn
in.... 18.67%
f.ABD—
Kept... 8.72*4
8.80
Jan.... 7.92%
MIDKH—
Kept... 8.91
17.37%
13.57%
8.70
8.75
7.90
ct.... 8.77% 8.80 8.72% 8.77%
in.... 7.32% 7.31% 7.3) 7.27%
CAHfl WIIKAT—
8.75
7.87%
8.92%
8.70
7.27%
PRIMARY MOVEMEN7
PRICE CURRENT CROP REPORT.
Cincinnati. Aug. 16.—Bains unfavorable
for oat* threshing, damaging grain In she
but beneficial to nml pastures. Co
crop expected fully equal to last ye:
Packing 485,000, against 315.009 year ago.
THE SUGAR MARKET.
Close.
7.39-7.36
7.35-7.40
7.45-7.50
7.60-7.55
7.55-7.60
7.00- 7.05
7.00- 7.06
105-7.10
f 10-7.20
B.r Private Leased Wire,
New Y’ork, Aug. 16.—Local nml refined
sugar steady and unchanged. London beet
sugar August 8s %d, Heptember unchanged.
The following figures give the primary
movement of wheat nml corn:
Wheat—Receipts today 1*31,00.) bushels,
a gal list 673.000 bushels Inst year: shipment#
today G33.0O0 bushels, against 631,009 .bush
el* last year.
Corn—Receipt* today 411.090 bushel*,
ngnlust 429.000 bushel* Inst year: shipment!
t.ulnr ill nml l.iiuluila Ill'll III hi f 111'*.(ion llllMh,
NORTHWEST CARS.
•w Di i. uis, Aug. 16.— I lie Vil
"With .the rings on the
••ssb'ii t M-wsimlst wns again In his
glory, and yesterday's market scored a
f.ccuiie without the development of
flesh depressing fimtor. Heller* W(
plenty, buyer* were shy enough. Crop
ports were not any tiMi good, but spln-
i posed a* the most disinterested people
to world. Conse %ucutly. the game '
sided from the start. There are now
three well-defined speculative tactions, on I,
of which Is active. The extreme ben
Is talking and selling Hie stuff at the saun
time. The conservative element bellevei
a reaction |* due on general principles
but would pine* very little fait
permanency of an advance at this time.
The student of the staple, however, sees
in the growing short Interest an early
return of the speeulatlve conditions exist
ing about two years ago. The lower the
price, the smaller will bo the Hentcmlicr
movement, nml restriction then will semi
many an August brave to cover on the
lump. Meanwhile, room traders are work-
Mig and talking hard for a further slump,
ml the wlsr men are wise In avoiding
in* i.^oression of a decided opinion. — Wnre
financial plan contemplates Issuing $25,000,
000 common stock nt par to stockholders
which would be about 20 per cent of their
holdings. This would make the rights
worth about 16 per cent. This Is a change
the
Light to moderate rains have fallen In nil
districts except In the Little Rock nml
Memphis districts.
MEETING POSTPONED
UNTIL THE AFTERNOON
Bv Private Leased Wire.
New York. Aug. 16.-The meetings of the
hoards of directors of the I nlou Pacific
nnd Southern Pacific companies, whirl}
were to have lieeii held this morning, will
probably not be held until Inter In tbe .lny
It ha* been found Impossible to obtain a
mmriitn. owing to the absence of K. H.
flnrriinan nml some of the others at the fu-
nernl of Mr. Wilcox, brother of President
Wilcox of the Delaware and Hudson com
pany.
I ATFR—At offices of Union Psdflf nnil
rtiithern Pacific, It Is statiMl that there
..III be no niinouneement In rcgnrd to div
idends to*lny.
rket imiured a more extensive outside In
terest tiiati tor some time, and the strong
tone of thCwlist made the shortage quite
nervous, so that many bear stops were
caught on the way up. It Is now stnted mi
gooj authority that Issues other than the
Hnrrlinnn stocks will I** taken u- nml
made prominent, and. Judging from the in-
lonuntioii circulating, the Morgan stocks
wil llmve a gi*Hl turn, following which
other minor pool s.mdr
ll -
LATE NEWS ITEMS.
Union Puei&c c.nulngs for the year end
ing Julie 3rt, surjilUM overcharge Increase
)6.1l6.:W7; Hmitliern Pnelfle for year ending
Juine 39 surplus overcharges Increase $5,-
A news bureau states on what It learns
to be good authority thnt the St. Paul
crtildc bonds.
SOUTHERN JXCHANGE
OId«at K.tabtl.H'd Office South.
COTTON—STOCiS—BONDS—GfUIN
Ground Floor Gould Building. Dally
market letter r t nd market manual
mailed.on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE, THE NEAL DANK
PHONE 1417. PRUDENTIAL DLDG
CENTRAL BANKS TRUST CORPORATION,
CAPITAL $500,000.00
If you contemplate opening a new account, or ehangtnf your preaent
banking arrancement, and wlih to connect youraelf with n atrong, conaenr-
atlre bank, fully equipped to aerra you aa your buslneaa J iatlflca, we
Invito you to call and talk the matter over with ua.
Am O. Candler, President.
W. H. Pettereon, Vlee-Pre.ldent. ' A. P. CoIm, Caehler.
John 6. Owens, Vim-President. Wm. D. Owens, Aset. Caehler.
J l M. Atklneoe, V. P.
oeeph A. McCord, Cethlrr.
Third National Bank
Frank Hawkins, President.
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dnrgnn.
John YV. (Jrnnt.
II. Y. McCord.
. . $200,000.00.
. . $300,000.00.
DIRECTORS) j. H. Xunnnlly.
J. Us trail Payne.
Frank Ilnwklns.
II. M. Atkinson.
Joseph A. McCord.
11 *• ALABAMA »T,
GIBERT & CLAY
fiTOCKi, O O N O ».
COTTON.
COFFEE. PROVlilON*
MEMOCnS
ATLANTA. OA.
l irlt stock F.ichrmfe.INcw Orlcnn. Colton .JHlitt"
» '«rk Cotton Miohenre. Now Orion,i. Btm'li Ejfhenee. U«tp*ol c«ron_AwooNin™
«« lorij coffee Elcluaue. New Orlenn. Boerd ot Treite.l''
'Chloefo Boerd of Trade.
■ Jverpool Cotton A.wolnt
,nHeston Cotton Excbangt
. Private Wires to nil Lxclisnret. r Aram
Lt Ml and Lena Dl.Unce Telephone 5298. — W. R. FAOAN, Managefe
provldinl pliiugiiig I* not cnrlwb
tiu» western element I* very bullish on
advices, ami s**cms to think Htnmiard Oil
Uitluiri* ur»* under the market. High*
fills effect are not wanting, but as tl
market is yet professional wo thittk co
servntism should permeate operation*
the dells trader, who umy expect frequent
recessions.
GIBERT & CLAV G
DAILY COTTON LETTER.
New Orleans. Aug. 16.—Influenced by the
decline In Amerlcau marked*, options In
Liverpool lost the strength that they earlier
displayed and closed easy at a net loss of 5
po tits. His»t sales were 6,009 bales nt
Unt* lower. Dahl, a were bolllshly I,
rllned and some were of the opiuioii Hint
the Isttfom of the market had been re.irl *
As Inter development* proved, the mark
mly support In the early morning trading
was the quantity ol buying orders at 9.50
fur iNweiuher. As *mu as prices brake
through this obstacle but little difficulty
wns experienced In furring values to new
ion levels. As a result of the decline doubt-
I.—* tin* existing short interest has l*et*n
considerably Increased, but considering the
loieost lde.ll Weather llo\V affecting the
licit it appears as If their position 1* so
well taken,that only a eraji scare of un-
•letilaide character could effect n dislodge-
incut. However, at these level* ft spirit
of conservatism will iu all probability pre-
rail. for the trade has not as yet become
accustomed to the Idea that declines can be
indefinitely continued.
COTTON
JDDAKU DKVJ OC UU., MERCHANTS
Atlanta Office*. 219-221 Century Building.
Members New York Cotton Exchange, New Or.
leans Cotton Exchange, Liverpool Cotton Asio.
elation, Chicago Board of Trade, New York Cof.
fee Exchange, New York Produce Exchange.
Businesa solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones <M, Long Distance 39. A.S. Huatnce. Mar
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vice-President. QEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Aea’t Caehler:
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
WARE & LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Nt. 3 W*ll it., hurt Bulldlif, Atlanta, 6a.
HiMBtiS:
New ftrl Cation tnehana#. Chhaqa Baarf at Trait,
Ntv Orltant Caltaa Mania. ClkNf Statk Manat.
‘ " iff ox Atta'.iaUan. Ben Yark Cafftt Bat tuny a.
Wirea la Bam Yark, Bam Orltaat, Ckha$a. 9. C COT H ft AH, Uanayt.
j. Standard Pkaae 238.
THOS. J. pm.PLKS. Cashier.
JA8. ti. LK8TKB. Ass t Cashier.
MADD9X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITED
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking. 1
In our (Savings Departm-nt we allow Interest at the Rate of 1 i-J per
cent. Compounded Semi-Annually.