The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 20, 1906, Image 11

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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»