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THE ATLANTA GEORGIAN. HATL'IIOAI, AfOt'ST IS, 190S. JOSEPH B. LIVELY^ THE GEORGIAN’S RECORD OF MARKETS AND FINANCE Qj Lively's 25 years* experience editing markets In Atlanta and South has made him a rec ognized authority In his specialty. COTTON TIE KING, He Has Apparently Been Deserted by His Loyal Subjects. BULL IS A CURIOSITY This Element' Cowed by In dications of a Bumper Crop. Cotton has apparently lost all frtenda and a bull la now a curiosity—a freak, If Judged by the movement of prices for the past week. Yet this element can not be censured, for they have been "cowed" by nature—the weather hsvtng been of a kind to Insure a crop for the coming season of proportions that will leave the producer with a heavy burden to carry, and In the meanwhile maintain a comparatively fair price for his product. Today's market waa weak In all cen ters, the close showing decided declines, New York closing 15 to 32 points lower. Since last Saturday prices have grad ually slumped without Interruption, and the close today, while at a slight ad vance from the low point, was weak, with the trade generally expecting lower prices. In speculative circles, however, it Is the "unexpected that happens," and all the bearish "dope” being sent out from the (speculative centers may redoutid to the benefit of the holders of spot cotton, In that there Is a chance that more cotton will be sold at present prhes than can be delivered. It rests with the producer. He Is not bound to market hla product on a basis dic tated by the dealer In "paper" cotton. The following table compares the close today with last Saturday’s final figures: Today. Aug. 11. August .8.74-76 9.88-43 September .. .. ,.8.87-38 9.48-50 October.. -..9.02-04 9.33-34 November 9.07-09 9.89-71 December 9.12 9.75 January 9.19-20 9.85-88 February 9.22-24 9.91-93 March 9.26 9.98-99 Since July 17 the decline amounts to 140 points, and for the week 81 to 72 points. SPOT COTTON MARKET, STS*:. lift. 18.10. Rasy, 915-18. et. 6.46. -Knxr. New York—Qul New Orleans-! Liverpool—Quiet. Bouton—Nominal, laniisrille—Firm, lOHc, Memphis—Quiet, 10c. Philadelphia—Quiet, 10.35. Norfolk—Quiet, 10c. Liverpool, August 13, 15:15 p. m. Cot- 3.500; speculation and export 7,000; • American 100. Futures opened caster. LIVERPOOL COTTON MARKET, Opening Purls August. . . August-Sept. Sept.-Oct. . Oct.-Nov. . Nov.-Dee. . I)cc. Jan. . Jso.-PW*. . . Fch.-March 5.J0-6.08 i.« Marrh-Aprll 6.13-6.10 5.10 Aprll-Msy. ... Closed steady. Opening Itange. Close. . .5.514.90 3.54 ..5.174.15 6.15 . .6.084.07 6.07 . ..5.084.06 5.06 . .5.084.05 5.08 , ..8.084.08 5.08 . ..5.084.87 5.07 .6.154.11 6,11 Previous Close. 8.37 5.23 . 6.154.18 6.14 6.14-5.15 6.16 5.1*4.17 6.184.19 5.164.18 6.21 PUBLIC IN MARKET ON LARGE SCALE Buying Orders in Large Numbers Come From Many Sources. COVERING URGENT Talk on tbe Floor Was Ex tremely Bullish—U. P, Still Soaring. TODAY’S PORT RECEIPTS, e following table ihowa receipt* at tbe New Orleans. Galveston. . . Mobile. . . . Snrnnunli. , . <*hitrleeton. . Wilmington. . Norfolk. . . . Boston Total. INTERIOR MOVEMENT. The following table shows receipts st tbs Interior towns today, compared wltb the same day Inst year: Houston. . . Augusta. . . Memphis. . . GI BERT & CLAY I E. ALABAMA »T. STOCKS. BONOS. COTTON. CRAIN. COFFEE. PROVISIONS ATLANTA, OA. MKM BIT ft* New Tork Stock Exchange.lNew Orleans Cotton Exchange. New York Cotton Exchange. New Orleans Stock‘BfChaL. New York Coffee Exchange.|Xew Orleans Board of Tr*3e.|G*lv*»too Cotton Private Wires to nil Exchanges. Local and Lona Distance Taltphone 6298. W. H. _.,jgo Board of Trade. lreriK>ol Cotton Association ‘—Exchange FAGAN, Mania#* MORE REAL ESTATE WEST ATLANTA PARK. Only Two Left of 8 Bright, New Suburban Homes. Th. first month will be given FREE, snd If occupied one year, two more months will be given FREE at th. snd of th. y.ar, making only nine months you will have to pay for. Non. but geed families will be allowed In these houses'. These are located on the riwr electric car line, only twenty min- utss' ride from the c.nt.r of the city| contain 7 and 8 rooms! have nev.r been occupied) are located in W.ct At lanta Park. Every house fronta a fifty- foot perk, which la cat in tree, over- arssns and flowara. Pur# alr| native oaks; an id.al spot for children. It is cheaper than living In the city and the surroundings are mere wholeaome. In the center of Mill park are the FERRO PHOSPHATE SPRINGS, whleh will cure any enta of etomaeh or kidney trouble, no matter of how long etand- ing. It new hae a naw church, neatly furniihtd, a store, a school houea colt- Ini 32,500 will coon be completed. Capt J - T. Mills, who lives on the ground., will show you through the houeea. Rent ttO pec month. JOHN J. WOODSIDE, 12 Auburn Avenue. For Sale By C. H. WELLS & CO., Fourth National Bank Building. •fp.Miin new BIGHT-ROOM TWO- •"rv iln ,t .trictly modern north side - . In very beet resident section of the ‘i you are a home seeker, tome to [alloy! it We may happily surprise Wl nrlcr. Terms. VkbV ehdWB P*HIPI..„.E NteW HiS’k: notue on the north aide; modern In . .•/■"S': beautiful east front lot with n ',-;'"": n lovely place. You shouldM "' ike satisfactory terms. Ofetr .-r~-UL5_ m ake satisfactory terra*. lbvbl tuer. viwhsk Hde from center of elty. fare* L- rirdi r. ,ro “ t 0,1 lm««tlful naw street: HO !-. * ,r ?m car llat, and near large Indus- . ,,,, I «uu nr»r mrgr limits h. ?, way. Many people will need .- 2-lbrcr. There’s good money In thU, 't W UHAN HOME. wn ** Murkstnn. oil Ccnrrim r Trii J from i Three minute* w*lk A very desirable suburban WANTED. Houses to rent. Have clients for houses in all sec tions. If you want your va cant house rented at once, list it with LIEBMAN, REAL ESTATE AND RENTING 28 PEACHTREE ST. Phones 1075. H. C. PENDLETON, REAL ESTATE, 614 Peters Building; Atlan ta Phone 1237. FARM—49-ACBB FAIUI WITH TENANT bouse, barn end orchard. Ten acre* In wood and about 10 nr res In pasture. The neighborhood la good, and about 7 nitlrs of Atlanta. I’rlee for UUlelc adle, 81,580. Farm-25 a.-Uks k mii.eH north- east of Atlanta, with ordinary dwelling and I atm and good orchard and good land “— : —H. C. I’tNDI.fe'rliV FOR SALE. HOMES. WERT PEACHTREE. NEW AND lienutiful 8-rouni 2-story bouse, lot 61x550 <8.550 NOltTtl AVENUE .WriHTI-A jVttLL- hutlt 10-room 2 story house, modern throughout •» y>»Ttw JUNIFKirHflCKKt. *1100*1 2HTOKX house. moderu ••••••• S milT.KVAItD-llEAl'TIFt'I, t ~ room home SVlhTH III»lj I.KVAlilt—NEW HOUSE _ tmnderm -88- 1 ™ N. jAC’KRoS’-HEAt’TlFtll, MIOOJI 2-story home: large dot... S. JAl'KKoS RT.—MoI)teBN 7-ROOM bouse T. CHARLES AVB.-PKB'rtlKBT” homo on street: largo lot CAPITOL AVtee-LOVBIdY- 8-UOGM •“ 2-story house; modern Il.aq CAPITOL AVBXllK—BEAUTIFUL 8- room himi'eV lot Urge.• M 250 WASHINGTON' KT.-A N’lNETtOOfi s-atorr house, bnllt for IVASHINOTOS RT.-NEAB ..89.000 THE *moderl^(ttagerT7. ■ 52.500 “((Amis AVB.--A MODERN 7 UOOM Wof>1 t\VA*Rf>' AVfii-A• 'iliii.'ilKN T~ room bouse - ■/* HENDRICK & CO. 23 1-2 "Whitehall St. Phones 2837. . A. L. HENDRICK. By Private Leased Wire. New York, Aug. 18.—Bpeculatlon for the riae continued Its furioua pace through the whole two hotira of business this morning* and there was scarcely a let-up from flrat to last. Transactions surpassed all pre vious records for a Saturday—an achieve ment sufficiently remarkable In Itself There still was little evidence of outside buying. ProfoaiaouMl speculators, flushed with success, were Investing In other quar ters of the market the enormous profits secured In the Pnclflc shares. This wa* the main force behind the movement. These ventures werfe made wltb the utmost aban don. as befitted huge gain* suddenly ami easily made. There wn* Absolutely no reasoning, at all governing the day’s oper ations. It seemed as though the Union Pacific dividend episode baa fairly Intox icated the speculators, and that all rational considerations had tnken flight. Needless to say, the conservative senti ment did not share In the outburst of spec ulative enthusiasm. But waruluga of what the outcome will be put no brakes upon the wild buying movement. By Private Leased Wire. Buying orders in large numbers come from many sources. Commission bouses re funded that tbe pnhllc was In the market on a large seals, •*---* — In several years, erlng of the ahorl everything traded ... vancea during the first hour. Union rifle, after opening 3 nolnta higher, rote to 185, Southern Pnclflc rose to fojL Penn sylvania made a gain of 2ftc to 145%. I*ea<J rose l%c. Talk on the floor waa extremely bullish, and reports were freely circulated of aharr# advances on many stocks. Brooklyn Rapid Other hand* strong and act!' PRIMARY* MOVEMENT. The tailoring tguree glre the primary tnnvi’mnuf of whnat end corn: Whc»t-R6co|pt» today 734.000 tmahola, agalnal 8ILOOO Imahcla laat year. Rhlnmunta today 408,000 buahela, ngalnat 438,000 liuabala last year. f'Vn-'if’clpt. today 393.000 imahola. agnlnat IXMO huahcla laat year. Rhlnmrnta today 171.000 bmhcla, agalnat 482,000 buahda laat year. WARE A LELAND’8 v DAILY COTTON LETTER. New York, Aug. 18.—Opening steady' on week-end covering, the cotton mar ket Immediately turned weak under a renewal of general celling led by locale. Prices broke to new low levels, Octo ber to 8.99, December to 9.10 and Jan uary. tb 9.18, a net decline of over 140 points from the high level of July 17, since which time there has been prac tically no reaction. Good weather re ports, big crop expectations, bearish statistics and a weak Liverpool tend ed to Inspire bearish confidence In tho face of recent heavy declines. Bull leadership was absent and while con servatives reduced lines on the Idea that the ahort Interest was becoming over extended, sentiment generally fa vored lower prices ultimately. Elli son’s statement of European mill stocks was regardtd as rather bullish, the In crease of splndleage during the year offsetting the Increase In stocks of 136,000 bales over last year, August 1. Weather conditions over the belt as shown by the map were favorable, on ly scattered showers appearing In tlons of the central and eastern u°i., while the forecast was Tor no material change In conditions over Sunday. Af ter the first hour’s trading local cov ering rallied prices slightly. New York, Aug. 18.—Great excite ment prevailed at the start with Un ion Pnclflc up 3 to 8 points. Southern Pacific 2 to 3, with decided upturns In Pennsylvania,. Louisville and Nash ville. Steels and Coppers. Commis sion houses had their hands full of buying orders, and sentiment was de cidedly bullish. Considerable profit taking took place In the Harrlmans, St Paul sold off, but It appeared as If there were two buyers for every seller, with the trend unmistakably In the di rection of higher levels, bull tips being numerous and well responded to, espe cially on Reading, that scored over 4 points rise. There was no diminution In the Interest displayed In the Harrl- man Pacifica, for which much higher prices were predicted while 'Coppers were slated for a big upturn and were splendidly bought. Bullish talk was heard on Steels, Erles and other Mor gan stocks that will probably become market features during the coming week. Transactions were again tre mendous and over 1,000,000 shares for the short session, on indication that the public are In Wall street again very extensively. The bank statement was a very good one, although very little attention was paid to It. Surplus re serves *5,175,000. The market was ex tremely active right up to the close, a most cheerful feeling prevailed, and Increased Interest can he looked for In addition to higher prices than have yet prevailed. NEW YORK BANK STATEMENT. The weekly statement of the New York Bunk Association shows the following RANGE OF NEW YORK STOCK MARKET Amalgamated Cornier..... American Sugar Hollaing Atlantic Coast Blue Anaconda Atnerlcan Locomotive Smelling 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 and Iron Central Leather do. preferred Chicago and Great Western Chicago, MUtrankee and St. Paul I>rlrtware and Hudson * Distiller’s Securities Brie do, preferred.,.. General Electric.,,,................................... Illinois Central American ice Securities Louisville and Nashville Mexican Central Missouri Pacific - New York, Ontario and Western National Lead Northern Pacific New York Central Norfolk and Western IVnnsylvnnln People’s Gas Pressed Steel Car Reading * Republic Steel Rock Island - do, preferred Ited State* Rubber do, preferred Southeru Pacific Southern Railway do. preferred * Slo**-Shefflcld Tennessee Coal and Iron Texas Jind Pacific Union Pacific United 8tates Steel do, preferred Virginia-Carolina Chemical do, preferred Western Union Wabash dot preferred Wisconsin Central do, preferred.. Total stock sales today 1,633,300 shares. RANGE OF THE COTTON MARKET AT NEW YORK. The following is the rsi lures In New York today: Is the rsngo In cotton fv Closed barely steady. TIPS FLASHED From Wall StrcoL changw: Bwrvn.. .. .• •• L,g«l« I,,pn.lt* "Irrml.tlnn About >• .ipnct-d. luor*..*. D«r,«K. THE DRY GOODS MARKET. New Ymk, Aug. 18.-The dry good, mar ket I* «tlll »trong *nd netlre, e.perlnUj Jobbing hnn«e.. Shipment* at good* ham hern birge for the week Mnnufnc nf eotton good* »r* finding f.nlt prlrpH, Imt woolen good* »gent» foul hrlre* too low for returnable profit. Mlk I* tnwh firmer. lUw wool I* fir Ing f.nlt wltb ■nf* found the It. Raw firm «ud THE 8UGAR MARKET. By Prlmte Lenard Wire. ... . New York, Aug. 18,-Locnl refined nnd raw migur *te«dy «nd tmeh»nged. I->n- _ .. dnu l»eet* up hid for Anguit *t H 1I4«* C. H. FISHER. . D d Reptcmbvr up 16W to 9* Hd. Privet* Wlr* to Gibert & Clay. New York, Aug. It.—Marshall, Spa der & Co.: The effect on the market of so wide a price movement In special ties must not be disregarded, and we prefer commitment* In active specu lative laaue* which have not yet been made the field of auch tremendous operation*. We believe the policy of larger distribution, of earning, will be extended In other directions and think Amalgamated Copper, Steel and the coaler* worthy of support. London I. closed today, but It ie not Improbable that In view of a reported large ahort Interest In that market In Americana that the London curb market will be of influence In our trading. Private Wire to Ware & Leland. New York, Aug. 18.—London cloaed, but big curb market predicted on Americans. ' Favorable bank atatement Is expect ed. An Irregular market can be looked for, but Pennsylvania Bteele and Cop pers ure likely to w<yk In an upward direction on talk of Increased divi dends. Week-end realising may create reac tionary movements, but sentiment Is bullish and should meet buying order, that will be made active. Dow-Jones Summary: London stock market closed today. Foreign houses expect a good curb market in London during the berlod of our market. Annual report* ahow that Union Pa cific earned 13 1-3 tier cent and South ern Pacific 91-2 per cent on common stock with real earning, substantially larger. Earthquake disaster In Chill more serious than first reported. Forty-one roads for the first week In August show an average gross Increase of 15.45 per cent. London option dealers believed to be caught by advance In Southern Pacif ic and Union Pacific. August earnings of St. Paul will re flect enormous passenger business. Banks lost on week’s currency move ment 1936,400. Bank statement ex pected to make better showing than last week. Bradstreet's »aya: "Confidence In creases as crop, approach maturity.” Dun's review says: "Abundant crop* and an oversold steel industry engen der eentlments of confidence." AT NEW ORLEANS. turcs lu New < ! o 5 S k a II f 5 |i il $ ! ii III An* Sept Oct Nor. . . . . Dec Jan Keh March. . . . 8.94 M 9.19 M J il 9.36 9.40 9.45 8.94 9.00 \\ i if 9.40 9.45 US 8.99 B.jsj 9.10 §41 9.38 9.28 8.76 9.04 9J2 9.12 9.19 9.1 9.26 8.74-76 8.87-88 9.02-03 9.07-00 9.12 9.19-20 f.B-34 9.26 9.92-97 9.02-03 9.21-22 9.27-29 9.31-32 9.37-38 9.44 45 9.47-48 Aug. . , . Hept. . . . , Nov. . • . , Dec. . . . . Jnn Feb March. . . . I 9.7 9.21 9.11 9.16 9.21 9.25 *9.37 'ffl 9.20 9.16 9.21 9.21 'lift 9.75 9.17 9.06 l:St 9.10 9.20 9.75 9.17 T'. 11 * Ml FM 9.14 9.23 9.70-751 9.12- 141 9.27-29 9.07- 08 9.21-22 9.08- 09 9.22-24 9.06-OD 9.23-34 9.13- 14 9.28-29 9.18-20 9.33-15 9.23-24 9.40-41 Closed sternly. Twelve Industrials advanced .79. Twenty active railroads advanced 2.24 and within 5 points of high rec ord." The New York Flnduclsl Bureau asys: ’’While the stock market Is likely to lie somewhat feverish Indny, a night's diges tion of Friday’s developments demonstrates Hie addition of great strength tn the Dull party, amt we firmly nelleve Ibst nil re- ceaafuna should he taken advantage to Imy good stoeks, s> the Indleatlnua now are for n broader market and a auhatanthil public apecnlallon. Whntersr rritldam there tuny lie nf the action nf the llarriman In- tereata. the fact atauda nut that Union l’a- rlflc return* at the closing lerel ou Ihs amount of capital Inresied more then *1' per cent nnd Houlbern Pselflc almost 64 Imt cent, nnd It mny he taken for grante, thnt the former will he transient while th latter, when the Import of lbs uiatter la fully realised, will Irreslstahly operate for fnimamsntal optimism, eipeelally when It Is eonaldered that the Union Pacific la a granger and the crops this year will be a bumper The lead thus established of ■haring with tbe atockhaldera great profits will force similar action ou the part of other Interests, nnd this policy will not NOTES ON GRAIN Pointer, on Provlilons. By Private Wire to Ware & Leland. Chicago, Aug. 18.—Wheat cable, were a decided disappointment, and on any bulge today would sell wheat. The department of agriculture has Issued a statement showing the exports of durum wheat from the United States for the year ending June 30, were nearly 10,000,000. *A large part of this grain—8,988,000 bushels—was shipped from Duluth by lake and rail to the Atlantic seaboard, and nearly 400.000 bushels were exported from New Orleans and Galveston. Watson, of Minneapolis, says the surplus wheat In the United States and Canada Is too large to permit of an Important advance In August and Sep- tembsr, and a* long as Europe Is not buying American wheat freely. The corn pit has It that the Cudahy line, which was around 2,000,000 bush els' September corn, was liquidated from 49c down to 48c. The Mtchael- Cudahy line of May corn has been av eraged down from 61 to 46c. It I* the largest -Individual line known to exist In the trade. Liquidation yester day was on stop orders for holders In general. The country did not sell as much corn yesterday as In the two previous days, which was attributed 9o the decline In prices. In the past three weeks there have been sales of 400,000 oat. to France through New York and Newport News, (’hlcugo people have made fair sales the past two .days, but the exact amount has not been given. There Is a scarcity of mixed oats and they command good prices. Private Wire to Gibert A Clay. Chicago, Aug. 18.—We see no good reason for selling wheat short under prevailing conditions. Com Is not high for the old or new crop. Oats still suffering from heavy hedg ing by northwest. The Record-Herald says: “In looking over the field I can see nothing on which to base hope* of an enthusiastic bull market for wheat In the near future," said James E. Ben nett. "Canada’s crop Is large. It looks as If there would be poor bids for wheat from abroad." Total sales abroad aggregated only 280,000, of which 180,000 were new du rum wheat for Beptember-October shipment. Ten cars new oats In yesterday Min neapolls receipts That market was selling heavily here as a hedge against purchase* through the northwest. Ex porters here and at the seaboard were unanimous In their report of yesterday at New York on the theory that 7 1-2 premium over Chicago was wide. Lo cal exporters were claiming that the seaboard could not stand under the pressure of that sort. Bales cash grain 50,000 mixed wheat; 375.000 com, and 176,000 oats. Seaboard sales 210,000 wheat and 42,- 000 cqm. NORTHWEST CARA WHEAT WAS AGAIN LOWERJT CLOSE Bears Refused to Absorb the . Increased Offerings a Factor. ARE WEAK ABROAD Large Estimate of Winter Wheat Crop Also Bear ish Influence. Monday, through the Id* adrertliwuient the paper* give, the market will further augment the rnniinlalaon bnalneaa. There la no reaaon for throwing conaervatlam to the wind*, even though every factor exceut money lie ImWah. for money make* the mare go and a halt will doubtlesa In* called upon unrenaonnlde plunging. Careful at* tentlon to Individual positions la recom mended." SOUTHERN EXCHANGE Oldest Established Office Bouth. COTTON STOCKS BONDS GRAIN Ground Floor Oould Building. Dally market letter and market manual mailed on application. seek and . Leal Today. Week, L*»t rear. CHICAGO CAR LOTS. Wheat., Corn., Oats.. ,. Hogs.. . Todaj^ Tomorrow. By Frivats Leased Wire. Chicago, Aug. 18.—Wheat was again tower, closing prices showing losses of 1-4 to i-tc tor the day. The bears refused to absorb the In- creased offerings. The weakness In the wheat markets of the old world and the new estimate by H. V. Jones of a winter wheat crop of 447,000,000 bush els were bear helps In themselves. Min neapolis advices say there will be a good movement of the new spring wheat next week. Bids from abroad were poor, yet as many as 75 loads were reported as sold for export late Friday. • Com closed tame and 1-2 to lc high er than the bottom price on shorts cov ering. Oats *-8c off to l-4c higher. Hog products narrow, late. Primary wheat receipts for week 5,- 171.000 bushels, corn 2,245,000, ngalnst 4.870.000 and 2,118,000 bushels, respect ively, a year ago. CHICAGO GRAIN MARKET. irwious Open. High. Low. Close. Close. WHEAT- te i mi Hept...?. 47% 48 47 4S 47% Dee. ... 43% 44 43 44 4$ May 44% 44% 44 4»% 44% OATS— Sept...* Dec May roicK— Kopt... I7.no Oct.... 13.» LARD— Sept... Oct... 1.70 3.70 Jnu.... 7.82% 7.85 HIDES— Kept... 8.37% 8.80 Oct Jim.... 7.15 7.15 A8H WHEAT— 1.85 8.70 8.70 7.82% 7.82%, 8.87% 8.87% 8.70 7.12% 7.15 8.90 8.70 7.12% LIVERPOOL GRAIN MARKET. Wheat—Opened %c lower; closed %c low- r Corn—Opened %c lower; closed %c lower. More Markets on Page Two. 31 % Compound Interest I. the rate your money will draw If deposited in the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST! CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and inspect our quarters and Investigate our facilities to serve you. A hearty welcome awaits you at this bank. ASA Q. CANDLER, President. W. H. PATTERSON, Vlee-Proi. A. P. COLES, Caehler. JOHN S. OWENS, Vlee-Pree. WM. D. OWENS, Asst. Cashier. (T L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Corrsspondent’s Capital $250,000 HCFCaCNCe, THE ncal bank PHONE «4«7. PRUDENTIAL BLOG HUBBARD BROS & CO., Sis Atlanta Offices, 219-221 Century Building. Members New York Cotton Exchange, 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. Hmtncp. Mgr COTTON^&RAW, ?ROVISi3n§StoCKS?BONDS, Ht. 3 Will St., FtfmJMMtef, HMk Cs. Mew York 7 IMP* Hew Orient Cttlta Inhale. v , £ b,e 'J° Urereeel Cotta• Atrodatleo. hew for hi,ate Wlrts to hew York. Mow Orleans. Chicago. B. C. Chleago Board cl Troio. Chicago Stock Eicbaoqe. ^ork Coltoe Eacbaogo. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, President. A. E. THORNTON, Vice-President. H T. INMAN, Vice-President. GEO, R. DONOVAN, Cashier. JAME8 8. FLOYD, AstH Cashier. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. Jr Frank LVi!W, p « Third Capital Surplus Dr. A. W. Calhoun. Stilton ftargao. John W. Grant. II. Y. McCord. Hawkins, President TnomaojC. Erwin. Asst. Cashier. rr. R. W. wyer*. Asst. Cashier. National Bank . . . . $200,000.00. . . . . $300,000.00. DIRECTOR81 J. H. Nunnally. Frank Hawkins. J. Carroll Tuyne, II. M. Atkinson. E. R. Rosser. Joseph A. McCord. David Woodward. TUOfi. J. PEEPLE8, Cashier. JA8. G. LESTER. Ass t Cashier. MADD0X-RUCKER BANKING CO. $200,000.00 $500,000.00 CAPITAL SURPLUS AND PROFITS . . „ ACCOUNT* INVITED We Invite nccounts of individuals, corporations, banks and bankers and offer the best terms consistent with conservative banking. In our Savings I>epai«m?nt we allow Interest at the Hate of 31-2 per cent. Compounded Semi-Annually.