Below is the OCR text representation for this newspapers page.

* 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.