Newspaper Page Text
THE ATLANTA GEORGIAN.
MONPAY. AfOlST IOTA.
11
{ JOSEPH B. LIVELY
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
25 y*nr*‘ eicprrlrne*
arkvt* !n Atlanta and
isjult* him n rw-
uthorlty la hi* specialty.
OPENED HIGHEfli
SLUM LATER
The re Was a Better Feel
ing in Some Quarters
at the Start.
SELLING WAS HEAVY
Forced Prices Off Several
Points to New Low Rec
ord for Season.
fit Private Leased Wire.
New York, Aug. LU—The cotton market
eix'iu'd (rregular, but there was evidence
of a better t cel lug In gome quarter*. That
the < Image of sentiment failed to produce
higher price* after the call wni due to
henvv sidling on oiltahle neeount. part of
It oreiuinnlify abort stulT. That forced
the list off nexeml {mint*.
The usual dally netv low'record wa*
made In the price of cotton till* morning,
tim majority of position* Helling below
* Favorable weather advice* continue to
Ih* the deprciidiig factor.
The South wa* reported to be n heavy
idler during the morning *e**lon.
At midday, there wa* u recovery on cov
ering. Idit the undertone wa* only barely
ftently. with trade eoniimratlvely dull.
In the afternoon, it Arm tone duveh
and price* were advanced sharply to al
tb< Hunt figure* cf Saturday.
3P0T COTTON MARKET.
Atlanta, steady nt 9ty\
New York, steady ut lit. 10c; delivered on
wit met 100.
New Orleans, Arm at 9 15-J6tv
Liverpool, dull at 5.38(1.
Augusta, quiet at 9Ke.
Savannah, quiet at IWSc.
It.iltliiiore, nominal ut 10c.
Norfolk, dull at 10c.
Mobile, quiet at OHc.
Wilmington, nominal.
LIVERPOOL COTTON MARKET.
Liverpool. Aug. 20. 12:15 p. n».—Gotten,
spot dull, with price* easier; middling up
lands 5.3Sd; sale* 6,000: specula Hun uud
.aport 400; receipts 5,000: American 4,*
August.. ..
Jugintt-Mcpl.
Sept.-Oet. . .
I'cc..Jan. . .
Jan.-Keli. . .
!'• b.-March..
March-April.
m . 1 ‘rtrvlottt
lth nge. Close. Close.
... .5.16-5.13 iVlWS.tl A.24
. . ,5.104,01 IsM-Mt VIS
....5.05-5.ol 4.J7-4.M 1.07
.. ..5.00*4.93 4.95 VQ5
.. ,.5,02-4,88 4,*5 6.06
. .5.01-4.90 4.9$
.. ..5.015.00 4.97
. ...5.02 4.98-1.!
. * ,6.054.02 $.OWi.01 6.10
5.06
V0T
t dosed’barely steady.
.5.064.07 6.01-5.02 5.11
NEWS ANP aossie
01 tho Fleecy Staple.
lot active by nuy means,
larger mills are finding
domestic*, atm they are
Private Wire to Ullwrt A Cloy.
New York, Aug. 30.*-Liverpool opened 6 to
S down, hxpectcd 8 to 9 down.
Liverpool cable: “Market dlsiHised to
rally at the opciilug, affected unfavorably
hj* Egyptian reliiug order*."
Bull* at higher price* have liquidated
freely today, while crowd are taki
some. Market show* no snap, bn. ,«c-
short Interest is largo and would uot care
to lie short ot It.
locals ore pounding market; no buylug
power.
The Journal of Commerce say*: **The
lower price of cotton is having a softeutug
tendency on forward eon tract* lM*g]«u tug.
say, from October 15 aud going ahead to
the end of the year. But for spot* the
market 1* very firm, uitd oil some Hues of
cottons serious consideration I* being given
to the question of ftirthe* advances. The
export trade I* i ‘
but some of the
busiucss good tor ....
turning their loom* over to'other tluin
export product* as rapidly a* export con
tract* expire. The selling of some short
ends of export fabric* has a larger seuti.
mental effect than the actual state «uf
stocks warrant* and some shrewd buyer*
are making the most of ally transaction*
reported."'
New Orleans, Aug. 29.—Liverpool 6 to'i
iwii respond* to our decline, being 7 to
points lower,
A pin* correction of about 40,000 bale*
will lw» made at 8t. Louis In receipt* and
shipment*. This will hare to lie added to
crop movement, Kxuet figure* will
The eastern fnrmiHt Indicates for the
nmllnnn aud Georgia fair tonight ami
Tuesday except showers In mountain dis
trict*. Fair weather tonight mid showers
for Kasteru Florida mid showers tonight
and Tuesday for the balance.
igs.
ick urn*, wire from New York: *’We
have a reaction at any tluie. tlif effect
fnvoralde crop aoeoanf* iielug fully
dlaeountcd. As Inc murker Is depressed
we tbluk It Is a good time to buy, the
decline having been tin* rapid. Have a fa-
vorntrio opinion of market.”
A special from Houston. Tex., says: "in
Central Texaa the chief matter of moment
Is the 1h»U weevil damage which Is be
coming somewhat heavier than bad Iwctt
anticipated. There are also more Ik»I1
worms than are reported In any other sec
tion of the state. The lack of picker* Is
also worrying the farmers to oomc extent.
In Sorth Texas the crop has done only
Moderately'well d tiring the week, dm* to
lie continued * showers. Boll weevil fephrls
rum that auction are not so numerous, nor
,.et so full of damage as those
southerly polhts, but neither
STOCK MARKET
OPENED HIGHER
Public in the Market ou a
Large Scale on the
Bull Side.
RECENT BUYERS SOLD
Selling Caused a Reaction
After First Few Min
utes of Trading.
RANGE OF NEW YORK STOCK MARKET
American Sugar Defining
AH«nH< 1’cnffct Line
Anaconda
Refining..
Ing. but the crop is doing
nt lelna ted nud picking Is
Toem has been ns a
'* n
started. There
deterioration In
during the wee
the worm are both work
II ns had
now well
whole
jnHiis the week, snd condition Is now
fully as low ns wa* reported by the gov
eminent.
rlvnfe Wire to Ware A {.eland.
New York, Aug- 20.—Liverpool opened
steady. 5 down; nt 12:16 p.ui. 6 to 8 down
a yd easy, Hales, 4.000 apot*. 7 down. At 5:38
futures werfi duo to come about " * ■ "
down.
to 9
TODAY’S PORT RECEIPTS.
The following table shows reeelpt* at tho
Middle ... .
*'Ini rteuton
$
INTERIOR MOVEMENT.
The following table #bow» receipt* at the
Inferior town* today, compared w|tb the
* r last year:
COTTON SCORED
A SHARP DECLINE
N'*»v Orleans. Aug. ^20.—The Tlmea-ftem-
rerat: "Thu l»e«r*, practically unopposed
find r••iistnntly urged on by n nrofessbmal
h's^imisui. Played havoc with tnc price of
"dlon. and ut tne week’s end a net decline
f"i the six days trailing of 62 (mints on
Ibdnlier and %r on middling spots was
recorded. Luring many day* now *p*o»i-
wflve trading |ms been confined almost
wholly to tig; shifting of tint l*ear Inter-
fu. the only traceable long cotton being
"••id by the dealer In th* actual stnff, who
I'ill want real cotton In place of his paper
'"iitnutM in Octntwr. Meanwhile, the
tiThnlcnl position Is Incoming more and
tutigieti by the Increasing fmnrlsb-
ni’Hi of tlie producers of raw cotton a* op-
lusMil to the caution* buUlshuess of con-
• lnn 's generally. Hplnner* the world over
well afford to pay current value* for
tin 1 new year’s supplies, but can not !*•
expected to do so nnttt the attltiide of the
uitPiior shall have undergone a radical
•lutin'!*, ip) the surface of the thing, sell*
ing 11'utrai't* short, after a decline of more
rn.in m (Mdnts, would seem to Involve
wit an element of danger for comfort,
mint* In the hear fnmp now talk
’ i-oitoji with greater show of alleged eon-
•*** 1 '" than they predicted 9«* when the
article wa* soiling above the 10c
:,u M '»ne Weeks ago. Al A whole, the
'!• nppenrg to be progressing nicely
Hlgti temperatures In August hnvo
''■••nsplenons by thele shsetin*. The
'»’-ni(fi^nt crop eoudlHou Kpflft will not
lH! *'> , ‘il until September 3 shall have
* H ' M !■ wmsoqiiently will 1m» of little value
1 ih" 'i;i.l t i."-Wure A U'liioil.
the live 8TOCK MARKET.
I--*™*- - -! Wire. .
<•*>*£ 3tM*i btt nrer f.H»; Ml;
jnnto.1 f,, r tomorrow 16.009. Market 10*i
'I’mllty fair; bulk 86.15*1*46: light
i Z* mixed m&JK*- heavy USW
• yorker* 8*5.40(h4.5O.
» "“‘^““helhuatetl receipts 27,000. Market
i ' olburs steady: quality fair;
;::Vi ns5C6.ni; cow* 8t.^%4.80; heifers
tiatlvi** $5,254(7: good nrlme
s «. r ', po«>r to iimnIIiuii $3.80©
trcJer* $4,404/4.50.
^’-Ksflmated receipt* JW.4W0. Mar-
tntr< native $.Tb5.50;
yearirngs 85.Wb6.35;
dhlu. f?-*^**: Mesiern 81.76^7.90; good to
^ n«vy hog* -
Private Liverpool- cable: ''5Iarket dls
po*e«1 to rally at the o|M»iilug. uffeeteil mi-
favorably by Egyptian selling orders.
Cotton In New York market opened quiet
sod steady. Just about as PX pee ted on Liv
erpool cables, Helling from Liverpool and
South eon tin ues here this morning anil
market nets heavy. We enujicu but little
hojm for market, altwi
iiorary rallies are In i
lie aobl on any rally.
Cotfoa market still quite nopon* and
unsettb'd. Home strength developed after
the opening on buying by last week * shofts
and Llven*ool demand was quickly supplied.
However, the Smith mid New Orleans sold
and the market Is still looking pretty loppy
to ns. Wo look for n-lower market.
Wenther nuip final except light showers In
Western part of the licit.
New Orleans. Aug. 20,— 1 f able* cannot he
mile#! favorable, as they show about n full
response to the decline liero Saturday. 1 hey
were due aliont 9 points down. Mpot sale*
of 4,000 bales *re « lHsirlsh srgupicni.
Private Wlro to Ilublmrd Bre*.
New York, Ang. 20.—Liverpool eorro-
snondent cnbfes: "We advise prompt pur
chase, ** we may have reaction any time.
The effect of favorable crop accounts baa
been fully d|*connted. A* market is do-
pri-sscil, wo think ll la good time to buy.
I tecline bus been too rapid
vorahfe opinion of market
future/’ _ , , . ,
!.arge coverings hr local traders expect
ing sharp rally In Liverpool.
Th»f» to not the Mine uneasy undertone
• * —-* less desire
By Private leased Wire.
New York. Aug. 20.—There was no que*-
tloii In the minds of expenthceil pi-rwiiu
after the remarkable demonstration of Hat
urdsy what the chanieter of this ninnilug’*
opening on the Stock exchange Would be,
It was expected tlmt the greater part of
the list would start out with a farther
excited rise, and that huge realising sales
would appear a the advancing price*.
These result* were rreUxed faithfully. Al
though London quotation* did little inure
n range themselves beside the Anal New
parity, the Initial gains Imre In many
Instances recoiled from l*i3 point*. Im
mediately there was mi - —
taking, and while the leadi
I slightly lower lerei
for the rest of the morning. But their
places Hi the speculation were taken by
Atehlaon common, which roue 6 point* In
the course of the, furenoon. which came
Into greater prominence than It ha* In
four year*, by Iteadlng. Smelters, Popper
snd Sugar.
Colorado Fuel. Fuloii Pm •lib* Slid
down. Southern Railway and
ed %e and Steel preferred. Texas
and Baltimore and Ohio up V*e.
%r, Southern J*aclflc up Hr,
Pa el tie
«si-
Pm*Iflc Jjicned umdmngwi. , 'but" gabled
4»e.
There wa* no disputing the filet till*
morning that the public is In the market,
and L !u on a large se/de nggresslvely
on fhe hull side. At the same time, large
»!*• dilative In forest* that wore lusivy htijr-
ors of the leading Issues all through hist
week threw over their atocka to take prof
its. This outside buying and spmilntlve
selling caused many Irregularities In the
movements. Aiunlgiiniated was excited nil
throught ha first hour, selling nt 118Vk* while
transactions were made In other parts of
the crowd nt tin* same Instant nt 11015.
The supply of stock after tlv
minutes was large enough »u
first few
minutes n as large enough to cause n re
action. The highest price In Southern Pn-
clflc %vns nt the otwnfng when 10.000 shim**
sold between and 9ft*. The prtee
then reacted to 80ft ami then rallied almve
ridou Psel|e sold off to 1Q-TA. The
i mi— ha the liun-i
'■pri« ‘•■•I
R res test ndvaueca were Hi the hlgl..... ,
•sue*. Arbitrage brokers any that Ixnidmt
findunted widely, lint held generally ahovo
our prices, and laru** purchase* of all
the lut*wiatloiml slock*, except I nUm Pa
cific, wet? made for Mrndon nccoimt.
Governments unchanged.
Other bond* steady.
LONDON STOCK MARKET.
American Cottou
Baltimore and (
Brooklyn Rapid
onib. Find
Central Lcnthc
di». prefern 1
ItlfQofH Central
Alll'Tii-fUl Ice Hieiirllles
Louisville and Nashville
Mexican t'ontrnl
Mlsaourl PftHfle
New York. Ontario and W*tl
National ImiI
Northern ivelfie
New York Central
Norfolk and Western
Pennur tut a hi
People’* *
Heading .
Republic _
Itork islninl
do. prefc
I’alted State:
do, preferred ,,
Houtheni Pacific ...
Southern Hullwny
Tennessee Coni and Iron
Texas and Ibirlfle ..........
fulon Pacific
Virginia-Carolina Chcmlrel
do. preferred...,.
Western I'nlou
Wabash
«lo. preferred..........................
Wisconsin central
do, prefermj ....•»««»•
Total sfoek isle*'today 2.HM.4W sfiar
NOTES ON GRAIN
rclntor. on provisions.
RANGE OF THE COTTON MARKET
AT NEW YORK.
I
O
s
s
5
1
,S
ll
|
?
i 4
£■2
i
II
n. :
o«*t. . . .
JCnv
1Hm»
Jan
Fah. . . .
Mrh. . . .
a.oi
•i.o*
H.H
9.20
9.23
9.27
i
9.11
ll
9. .74
'5.74
If
5:3
».n
il
9.32
8.75-78
S.Kfi-Wi
9.0446
U.IW-H
9.14,14
9,22-24
9.27-70
9.32-33
! 8.74-76
S.87-M
9.02-08
if 3
9.26
Aug
Mniit. . . .
m . . . ,
Nor
live. . . . .
Jan
Frli
Mrh. . . .
tUli
9.08
9.0!
9.m
9.13
*9.ii
f.io
9.10
9.09
9.10
9.17
*•!«
Ti
9.09
S,’>1
8J|
koa
’•jjo
9.10
WM
9.10
9.16
9.IMI
li!
tn
9.20-23
0.26-27
9.70-76
ill
9.0S-IW
9.13-14
9.18-20
9.23-24
Closed stvmly.
AT NEW* ORLEANS.
Closed steady.
Anaconda.
Atchison.,.,
Cautullsn Ihiclfie
Chic.. Mil. and St. Paul.
[iftnoi* ’ Central
Louisville nud Nashville..
Rending
(jo, preferred..
TIPS PIjASHEO
From Wall Strct.
Hiin-li-
Hliimli
n» Innt wrek, nml
^--11
think Bromlwajr hi-Ulinl th
, THE WEATHER.
LOCAL FORECAST.
WEATHER IN COTTON BELT.
Texas—Tyler, enmdy and pleasant. Hous
ton. cloudy nud pleasant: hard rain ye*,
terdny. India*, eloqjly and pleasant; rain
estorilay ufternoou. Han Antonio nud
•«»rt Worth, cloudy aud pleasant; light
bowers yesterday afternoon.
Mississippi—Jackson, dear and pleasant.
Hattiesburg and Meridian, donr nud hot.
AbilMuna—Birmingham and Montgomery.
. .ear and hot. fcafnui* Hear and warm.
Mobile, clear nud warm; rain yesterday.
Opelika, dear and warm.
Georgia—Columbus, Hear nud hot. Ma
con. partly cloudy and warm. Movnnnnh.
clear and warm. Amerlcus, partly cloudy
aud warm. Albnuy and Atlanta, clear and
hot.
Xiirth CiiPoHnn—Oret-mlKiro. Ht-rtr un-l
hot; mill liut night. ‘
WEATHER IN WHEAT BELT.
Kxtrenu- iii.rthY7i-«t—(lohi-rntlj- ptencljr
unit ImiMt toniiM-rntun- SI to M al»v»;
m-nttoreil rnlnn.
Xnttfcwprt Cindy: M In iS olmre.
W.it niul HonthunjU—I'nrtlr rtomljr n mi
1-nntlnin-it waranr; W tn 7. itlmvn; gi'in-rnl
rnlnn tn llllnnln; lornl In Sllunwrl nmi
lotrn: now mining In Mmn IW£
Ohio Vnlli-y—Vli-tn-nlllf fnlr; ,2 to 7»
abovp; lin-nl rnlnn.
• WEATHER FORECAST.
Ininlntan,. Alnl.nmn, Mlnnlwlmil. Knnt
riorliti. Wi-nt !■ Inrliln nint Knnt -1'i .nn—Ini-
<ul nil it, .llomlor nmi Toi-n-lny; light nonth
W |i\nircln—I'nrtlv i-lotwlj Mnnilny nmi Tuw.
ilnv. n-llh nhowi-ni In ran nnnmt.ln ill.-
trlrta; light wntth ivlml,.
W'"nti-rn T«n»-Vnlr In nonth: nhowora In
north nortlou Muttilni uml T}im<1«.
Arknnwin—InK-itl rnlnn Mowing anil Tnon-
ilny: imtli-r Tnowlny.
WEATHER CON Dll IONS.
Tin- iirewinre Inin Wilt n|i <-muH4«nilily
hr th- nontlnunt nlnr.- HntnrUng morning
a nil thin morning th- -i-nt.-r ..f blgll-rt
Imromot-r In over North I iiroltun nut Hontli-
nmti-rn Vlnrtnln. (Ivor th- gr-nt-r |n«rH-n
of tin- i-unnlry in-nl -if th- Mlnnlmlppl th-
pri-nnnr- f. Inn- unit "«t.
of tin- country
rossure fs fos.
Tlie feiupuratur® Is hlgli except In th*
COTTON REGION DULLETIN.
STATIONS OF
ATLANTA
DISTRICT,
’Aiumni, iioudy'
•IItjtl inn—tgu.|pt^ -Ininly .
Gainesville, cloudy * 1
Greenville, cloudy
Griffin, cloudy
•Macon, nt. cloudy
Mont led lo. doudy
Newupu, cloudy
Rome. ut. ebmdy
H|s«rtaiilmrg. dear .....
Tallapoosa, pt. cloudy ...
Tpecui, cli*nr
West point, id. cloudy.
38
are for
u. this (
5£ I
Moblle
Mont ginnery .
New Orleans .. .
Oklahoma .. ..
Hn van ruili
Vicksburg .. ..
Wilmington .. .
T ladles Us iMpprvdsbts rslatalU
REMARKS.
The temperature dmuges were ni»lnt|H»r-
tnnt. Rains were general with the excep
tion of Hie Montgomery and Havnnnnh dls*
■■■■■■■■■■■
Hist. Avarages.
Temp'tu re.
Ill
T2
THE METAL MARKET.
Private Wire to GJbert & Clay
New York. Aug. JO.—Marshall,
A IV: Our stis*k market today
develop strength lo the metals, steels nud
coalers, and there Is ovary promise pf Mo
tive and wider support from the public.
We think It would Im» wise to seR part
of ytmr mock*. Home big tuid well Inform
ed people tell l»* to Im» eiirefuI.
Further bullish opsrntlon* In the slink
market are foreshadowed l»y 1he drvelop
menta over Handsy, and If hnrmimy cau
be nialntulned nmnitg the big financiers.
there seam* to reason why n gissl
bull market, with due regard for the Im
mediate crop money demands, cau riot he
enjoyed for some time to come, for the
public has responded In the Inst few days
ns It lw* not bean aroused for many
uiontlis past, and u brand s|hm*iiIiiI|oii Is
Justified l»y the adei|unle dividend return*
liasisl Hie lliereuslllf niiprei*%*deut»*il
prosperity of the country. You cup nut get
around the adequate dividend returns, mid
•Mite-headed critics will Juive to tuke a
lifiek seat soon, aceordiug fo our deductions,
usueeklfy when Investors fully reside tlm
situation presented. The only thing oimr*
ntlgjr for conterrnlIsui la the money mnr-
knt, anil that the large Interests have all
the nvntlatde money and practleally nil the
stocks. Is a statement we tune made
aud confirmed tlnm ami «g*lu recently in
arguing for Improvement. Of course, we
deprecate plunging and the orerindulgeqee
of the *{»cc»jlatlve ferer, mlvmatlng i*o«-
servetlsni, but wo Micro the long side
of the market the logical one, mid would
buy good stuck* with regard to toclml*
cal positions.
private wire !o Ware A Ldnnd.
New Yorky Any. 20.—Igaiaoi
WARE 4 LELAND’S
DAILY COTTON LETTER.
New York, Anf. 20.—There wa* another
sharp bleak In the cotton market this
morning, a break that carried Mil Heccm-
Imr nntl Orfohrr nntlor Hr for ihe rtrsf
tluu* rills season. The Mvor|mo| market
proved very wtiak, mul while many were
Inclined to buy nit loti here nt the opffuing
on the theory that the decline was proceed-
mark'd mul price* Irngnu f« eiip sway again.
Ojieriitlous were extrusive, and the amount
of cottou wmitml at 9 r for Hecetnhor wa*
not Hie volume that pinny thought would
be nt that figure, After break through Be
short covering and general professional buy
ing for a reaction started an advance that
untried prices back W or 12 |sdnt< very
Illicitly. On the rise, however, oqttou aedn
Private Wire to Ware A Ldnnd.
Chicago, Aug, - 20.—Very lUsappoluHng
wheat- cables, fas»k for lower markets.
Llquldatloii of September wheat uiul Hep-
temlier oats will prolmldy widen the carry-
lug. charges.
Wln*at opouH weak on the lower cable
Trade small. Home sellers hedging and
little 1 string’by shorts.
Wheat not acting well, but a great ninny
here counting on u tiiru alsait this price.
Fnlr trade In corn nt opening, with longs
best Hellers. .
Armour brokers buying September rib*;
market steady.
Pringle baying May oats nud.selling Sep-
teuiber. Itmikln ami Forrest buying I»e-
eember. Bartlett. Kraxler A Co. fair sell-
Mar- Jlni Bitukiu LJiU m
lug mostly by eduimlsslun houses.
Chicago luter-Oeemi: Cush business In
wheat In Chicago Saturday was 20.000 bush
els. outside of 105,000 bushels sold for ex
port.
Hides of corn Were 175.000, Including 106,-
OOil N«b 3 at le over Heptoinlier In stove.
Sales of (Hits were UMOO, Including 100,-
000 for export.
At the seal
wheat, and In .
sold for export.
K*liana City reported 100.000 wheat sold
for export through St. Louis. Cash wheat
la selling relatively higher than the future*,
red was piekafl ~^awd
No. 5 red wa*
up by nfevutor pen-
- hard sold ou sample tables at Hep*
tewiter price to die oval. The chartern were
made for lOft.OOa rom lit 5c to Buffalo.
Minneapolis had a ear of new wheat
yesterday from Geddas, 8. I)ak. It wa*
full of smut, graded rejected and sold at
He over September.
Stacking 1* practically finished In the
vicinity of St. Cloud, Minn.
Home of the irat-d*a* No. 8 oats sold
liere to u private party this morning at
^arntem any It Is wonderful how corn
id
•id to hr
;nlu for sale, mid while sentl-
York. rnlnn
nir and
Pacific
A big ^Nind market exported wifi |V»m-
Norfolk. “ —
■ylvflnl*. Rcn-ljns.
ictlf
Atchison, Steel*
GIBERT & CLAY
11 *• ALABAMA 5T.
STOCKS, BONOS,
COTTON. GRAIN.
COFFEE. PROVISIONS
ATLANTA, OA.
MEMBERS!
o*k »tor» E^-h.n f ».|Xew OrI.»n, Cotton Ej-taw.lOil-no «f Tjrti
fg&gsiE sss Em wSaawsxSTO^asss
Priv.l. win, JO Ml Exctaosj,. n FA0ANi Maus(r>
York
ITi»« ir n in*
‘‘•ral and Long Diatanca Talaphcna 529£»
By Private U>us«mI Wire,
New York. Aug. 20.—A firm tone continued
lth trading gem-rally confined to Hu. The
higher epldes from nbnsid were respoiisilde
for :e advance In spot and nearby deliv
eries.
Cupper wo* decidedly firm. Lake rose to
dfcc uml casting to isUc. -
refill and spelter were dull and tm-
ehntifrd.
Boeky Mountain districts and on the Pa
cific iim»t. The Isotherm of 70 degrees
rim* almost north mul south froui Western
MliincMitu through Western Texas.
The rain* during the Inpt 21 hours have
been In the form of bawl showers and
have lH*en ••nttei'ed.
The condition* are faviaralde for ran-
tinmut worm w*»q|l»er In tlila sreHon tonight
ami Tuewia/ with
eenMkouil •bowers.
* B. MARID;BY.
Hectiou Director.
mid Coppera active features. . mm
i nlon paelflc and Hi|ithern Pacific iike’y
to la* Irregular, but ib« closer they are
looked Into the more bullish dividend dm*.
Innt Hons bsraM.
Talk in Wall street Is Hint Vofou Vn-
dfir ami Hoitthern Ihielfiv will sell very
murk higher. . ,
I*K>k* like speculation going heavily
Into Ateliisuu, Bemllag. Himdting. Copper
and HteelK. Appears to l»e nroflt-taking gre
lug on In HarHiiiati Pudfies, ns far a* can
* * Jndmel.
Dow-Joue* summary:
Atooriemi stiH-ks In l^uidon strong, with
profit-taking in I’nlou Pacific the only ex
ception. London market shows n general
disposition to respond to tlm strength* lu
our stocks.
Jerome wi
New Ynrk on .—m — . . .
I’noriuiHis earthquake and fire drstt iietiou
nt Viilpnralso. but damage tn Unhfiggn.
the capital of Chile. Iras serious Hum at
first reported. „ ,. m „
Reports of Brooklyn RapM. Tratislt qper-
atlng eomimnles show enruUiga equal to
5 jh*> cent on stock for^tlie year.
Kjsl)ro«ds clamoring for steel rails to
finish extensbm* before weather gets
Frtlr demand for stocks In loan crowd.
Hlxty-Heven roads for June show aft avff;
age net Increase 22.W and for the fiscal
y *Fo*trn*en reiiroods far the second week
lu Ansust show an average gross increase
Of 21.28 jht cent.
C.inndfnn Pacific earning* for the «<*corid
week In An cue# lucreasi*4 83o2.0«i.
Twelve Industrial* adraticwl 1.92 |H*r
Twenty nrllvc railroad* ndvaucad 1.78 per
cent.
i to eattse much of uu ndvauve
rts from the tbaitli, that I*, from tin
Important cotton producing section*.
action, whirl. .. ..-j .—„ __
would not In* surprising to sen a recovery
of 26 or W points.
COTTON $EED OIL MARKET.
New York, AnIL 29-Wei»kU)'SS ngaln
cbartietorfsisl tue trading In too market
for cotton seed nil, with pressure on all
deliveries. HoptewM was offered freely.
<luo to tint weakness In cotton and refmrfa
of n better crop outlook. The prln-tpal
qedine. however, was In Oetohev, wlnrh
U down fully 2e for the week. As lo
the decline recently, opinions nre expressed
that siwcubiloru do not seem ready t»i take
tms progressiHl In the last thre«» wc<>ks. atu
now certain of n good crop. The trail)
xdclng for mi Increase in the vlslbb
supply of wheat pf about 1.000,691) bushel*.
There Is an increase of 2,QOO,IOO lmslnds In
Hie northwest, which Is expected to he
largely offset by the liicrmse In Chler
nud other winter wheat markets.
Provision specialists figure that there Is
n|| Innyase of oe |mt 100 pounds lo the
I sicker wlm makes January product as com
pared with last year, packers having HftlVk
per cent of their kill condemned.
Private Wire l« Othert A Clay.
The wheat market is steadying against
p* foreign |war new# on wane report* of
possible damage to spring wheat by recent
hot weather In Hie northwest.
AtNMit I.OOO.OM Septetiilmr ribs have
inuged baud* today, all wild by a broker
si posed to be aetlug fia* Southern longs.
Itotmes Hint usually operate fop Armour
bought them.
Olden go. Aug. 25.—Recohl-lfernld says.
The proper time to take adrautrtga nf the
present burdensome surplus In this country
and buy against the conceded Increased
needs later of the world nt targe Is bring
diligently sought. Hard headed grain tneu
are numerous who believe Ilia I tue sp#en-
latur will have proved himself, unworthy of
hid calling If he faff* to buy wheat some
HM
the last Hires weeks’ light receipts and
steady shipment*. Declining prices have
almost Invariably brought a fair ddonml
from unisumers. but there has as yet Iwen
no oxeeptlon during the crop year when
declining prices fulled to dry up farmers'
sales. .
Oats alum* 4c higher than thev were a
veitr ago. This mn.fcea ||iein relatively the
hlrhest grain on the list.
There was a lit Ho farther selling of Jan
nary povision* J»e «»«faiders. Hie latter erI-
dffttly sksrbig the belief of ooftie of the
spcdidlsts tlmt hog values will lm nmlcrbd
Jy lower Jn the winter.
THE COFFEE MARKET-
Now York. Aug. 20 —The coffoo market
opened steady nt utidmuged prices on Ur,
•snnlier,. bid gaucrnlly 5 mnitta luivin». Price*
held nroiip.i, the open u« flgnreg tinrlng
Hie wonting, nmi nt ninhlnr Yrere still net
iliicliaiiged to 6 kraer "II aides nf qtily
iojm«). Tk* opening was enuslfisred about
right aa the foreign news and foreign
markets wpre also qftlet.—tlfla-rt A Flay.
opening range and close of the New York
coffee ipnrfcct for l«slay was ns follows;
Opening
Itamni.
January. ..T. 15-7.25
February 7.307.9.1
March., 7.90
April 7.51-7.10
May 7.95
ilr.v:::::::::
August .8.f¥V7.|fi
Keptendwr .. ... ..H.SOttJtf
SHORTS IN WHEAT
HEAVV_ SELLERS
Opened the Market n Sharp
Fraction Below the Pre
vious Close.
CROP REPORTS GOOD
Feeling Improved Later and
Closing Quotations Were
Sharply Higher.
It, I'rlvhtc U'u.i’il WIic.
Chicago, Aug. 20—Wheat enjoyed
good reaction, from ' bottom price,
reached nmi clo.ed l-8c lower to
I-4c higher for the day. Corn l-84rl-4c
better. Gate l-S*M-4e higher. Pro-
vlMln'na up ! l-2©21 l-2c.
Caah eale, 11 loada wheat, S load*
corn and (0,040 bushel* oatn. t.'aah
sale, nf wheat her, were better all
around.
Tho earn crop condition la said to ba
88 against T, In June.
The visible KUpply of wheat Increased
286.000 bushels, while corn decreased
817.000 and oats decreased 141,000 bush
els.
Primary -wheat receipts 830,000 bush
els and corn 67S.OOO bushels, against
1.046.000 and 718,000 bushelps, respect
ively, a year ago.
Clearances from both coasts were
716.000 bushels of wheat, ,111,000 bush
els or corn and 8,800 bushels of oats.
CHfCAGO GRAIN MARKET.
Open.
WUBAV-
ffc IP
May 77
COBN— „
sEb u
•'fa. 4 ' 3 *
fc an
Hept... J7.06 1
Jan.... 11.55 11
LAUD*-
Hept... 8.1*
Oet... 8.7«*
Jan.... 7.86
HIDI5F-
Hept... +M
nigh.
f.ow.
Clotv. Ctore.
m
78S
71%
1 4 >
• 6V*
7X‘t
vi
4S
4714
48
41.
««>
IIS
44lg
45
44
m
S9H
«
2Mi
30%
m
Oct...,
Jnn...
17V4
Wf
7.90
9.00
8.87H S.flfi
k.6ft4
$.60
-
"5
*4J14
NORTHWEST CARa
CHICAGO CAR LOTS.
WbfffLv;
Ooftl.. .«
oats.... ..
Hogs,.
Today. Toinorvou
...akogo
LIVERPOOL GRAIN MARKET.
Whenf—Opened 8ke lower: sr 1:80 p.
\Jte\H lower; rln*.M town.
Cm n—4Ip'Mivd Hf Wrr: at 1:90 l».
ktguer; eliuunl %e bljhcr fo
PRIMARY MOVEMENT.
The following figures
o l
give the primary
.silYlist" l.lfiioiii bltsbeis' Inst yi nr. Ship-
IlSnls I,el,IT SM.0,-1 Imehels, sgslsst 4W-
(Siolwr., ., ,, .... ,. ;«.«6 7j0 l,ATM aJ ? , ero^fleert»i. rt0 tr«t«r MUM MMM
Xsrtdghap f.M-i.lh w ag.ln.i r.n.o), bushels n»r yeiir: .Mb-
IhM'iunla-r 7,16 7.IQ-T.11 menta tndnr 4ta„n lm-lirl*. aaelsst s!S,»8
l.,M
■ml r
fur slintrn
fjjr unirkrt at the . .
OefolHT. while August was i
and sold \e lower.—Ware A Isehiud.
W
Oetolwr.. ..
Noveml»er...
pfcotnbn..
Jnnuary
CIomhI steady.
TRY A WANT AD
IN THE GEORGIAN
THE SUGAR MARKET.
Bv IMvete i^asisl Wire,
New York, Aug. Sl.-Locitl refineil and
raw sugar nnetomiped. Lomloa I wet mar-
ket firmer; August 9* 2\d; September 9s
1Hd.
SOUTHERN EXCHANGE
Oldest Established Office Rnuth,
conos - STOCKS— BONDS BfUIH
Ground Floor Oonld Building. Dally
mnrkst tatter nud marital manual
mailed »n ap;dUatKw>.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
fierrmcNCC. the ncal bank
PHONE I4IT. PRUDENTIAL BLOG
cotton^gra:^, Provision's,Hto^ksPbonds,
Ht. 2 Will St., Pflits Building, Alfatfe. C».
UtUdtHS:
In T.rt CsllM (utaijr. «/»,» •■■'< •< Nf..
Oil.Ill Collos firti'ft C8IMM Sl.tjr fictoua.
Lhft vtoi Cett9$ Atlidtttpf. • ^ • Hew Yjik C#|l#t tihfge.
Priutf Wtnt If htw Yftk, Kfw Orient, Chitaqo. B. C. COTMMAH, Wimio.
Isff Phtnt 120. Standard F5e*«
32 % Compound Interest
It tho rate your money will drgw If dspositeil In the SAVINGS
DEPARTMENT «f
CENTRAL BANK AND TRUST! CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are invited to call and inspect pur quarters and Invsgtigst*
our fncllltl,. to serve you. A hearty welcome awaits you at this
bank.
ASA G. CANDLER, Prsaldent.' - *
W. H. PATTERSON, yipe-Pr,». A. P. COLES, Csshlar.
JOHN S. OWENS, VJeo-Pres. WM. D. OWENS, Asst. Cathlsr.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Chocks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
THOR. J. IM’.IM'LKS. Cnnhter.
JAR. G. LP.HTF.lt, Ai**t Path lor.
MADDOX,RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
<4CCPUNT» iNVlfKQ
$240,005.04
8544,040.44
We invTtc ftfrountB of indis iduiilr, corporation*, hankn
and bankers and offer the best terms oyusisteilt with
conservative baulking.
at th. Itst. of 8 1-8 p»