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EDITED BY JOSEPH B.uvelyI THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ) Mr. Lively'* 28 year** experience >t editing market* In Atlanta and tlie South has made him a rec ognized authority In hi* specialty. RESPONSE FEEBLE TO BETTER CABLES First Prices of Session Were at Advances of Only Five Points. NEWS AND GOSSIP Of the Fleecy Staple. SOLD HIGHER LATER Profit Taking, Favorable Weather and Crop News Turned Prices Down. By Private Leased Wire. New York, Aug. 22.—The cotton market bad a poor opeulug In view of the cable*. First price* were 5 point* higher. Pro fessional trading predominated early In the session, and It looked ai though strong ef forts would be made to force a number of The opening for cotton for future dellv- srv in Now York wna disappointing In that, irhlle an mtrauce wna noted. It wai not {i followed the opening, the high point of the The New York Herald. In Ita review of the cotton market laat Saturday, aaya: •Some Intereata protest to have confl- *iu linin' a. the maximum figure, under the circumstance* It would that a mlraculoualy flue condltlou must prevail from now on to give up a crop ii million bale* larger than the last one. In order to raise 13,000,000 nates from this season's acreage. It mean* that nrr» must l»e picked and every acre pr 29) iHiinidH. flow much likelihood th< of the It menu* that every -* — produce __ mere 1* iiytiling of the kind can lie deter* mined by eomparlag thla season with that of two years ago, when the average yield was 223 pounds to the acre, and the crop condltlou throughout decidedly better." SPOT COT! ON MARKET. Atlanta, quiet at 9 7-16e. Now York, quiet at 10.10c. Liverpool, quiet at 5,44il. Augusta, quiet at 9ftc. savannah, steady at 9S-16C, St. |,oula, quiet at 10c. Boston, quiet at 10.10c. Houston, steady at 9ftc. Baltimore, nominal at 10c. Galveston, quiet at 9ftc. Memphis uiilet at 9ftc, Norfolk, steudy at 9%c. Mobile, dull at 9ftc. ^ New Orleans, steady, 9%c. New* York. Aug. 22.—Liverpool opened 6 up. Expected 4«6 up. Liverpool entiles: "Market has good dertone; nothing offering, with Improved maud fronUsidutiera.” Carpenter. Ilaggot ft Co. say: "The fset must not lie overlooked that this short selling has been going on since Decent!>*r was selling at lie. so that, with all other things equal, the shorts have the advantage, nml there must lie sdmo decided change before a bull campaign can he conducted with success, and we favor operating from the short side." Dick Bros. ft Co. say: "Under the c!r- cuius fauces and on technical snecuf grounds alone we can see how this market could Jmun over a half cent n pound quite readily before the sad of the w’cek, no matter what the expectation may be regarding the next bureau of the census report. Mitchell offered 500 January,at 10.28; Weld took them. Weld brokers good buyer* on opening. New Orleans. Aug. 22.—Liverpool 6 high er is a shade hetter than expected, an ad vance of 5 points being due. and Indicates a readiness to respond, to any further mod erate gains recorded In e!»-Atlantlc mar kets. Liverpool cables; "Market has advanced In consequence of less favorable crop nc* count*, reported serious damage by rains, market will advance, and purchases can be made cheaper now than for tome time to come.” Waco, Tex., wires: "Crop continues to *|1 maintained on scattered buying for a turn. t Map show* widely scattered rains over belt, with elondy weather In the western portion, snd alternate clear and tfloudy In eastern. Liverpool better than expected, and nu merous bullish cables may cause a higher market at opening, although crop news •hows no falling off from the excellent tenor previously maintained. A. dispatch from Brenhnm, Washington county, Texas, says: "Showers bare fall en again here today, and In some localities weevils are reported as doing considerable damage. Some farmers say that the crop is made now, hut that conditions .... in n of nt Iciint 13000 000 hales ** made now, nut tnnt condition* are not II.. more conservative estimators regard LIVERPOOL COTTON MARKET. spot demand increased, with prices l —„, middling uplands 6.44a; sales 7,000; Amer- -Icnn 6,300; speculation aud export 600; re ceipts JO0, all American. Futures opened steady. - Opeulug **— , ~’“ Banr* i steady; August. . . . ■ August-Sept. . kept.-Oct. . Oct.-Nov.. . Nov.-Dee I»ee.-Jan. . . Jnn.-Feb. . .« Feb.-March. . . March-April. . Aprll-May. . . Closed quiet. Close. -6.17 6.1K , ...6.09-6.11 6.08 fUl Eg- ..6.03-6.06 6.02 4.99. .6.00-6.03 4.99-6.00 4.96 .•.6.00-6.02 4.99-6.00 4.98 •au 6.02-6.02 6.03-6.04 TODAY’S PORT RECEIPTS The following table showa reeelpU at the New Orleans. • • Galveston. . • » Mobile. Havsnnah. • , . rharleaton. • • , Wilmington. • » Norfolk. • v • • Boston. . . • • • Philadelphia. . . Tout. , , . INTERIOR MOVEMENT. . The following table showe receipts at ths Interior towns today* compared with tbq same day last y*ar: Houston. • Augusts. • Memphis. , a - " l L. J. ANDER80N & CO.’S DAILY COTTON LETTER “nneavored to raise tne price or infs morning hy opening steady at i vnnee of T points, which advance maintained op to the 2 p. m. call. Bn 'ork responded only feebly, and aftqr an «*arly advance, prices sgaln began to sag "fr. Liverpool losing the biggest part of >Js gain. Heavy rains were reported throughout tbs belt, bnt otherwise the news °t the day was featurelesa. Complaints weevil and shedding are also reported ji-oin some sections, but the bulk of the ^enr during the next month, we continue }o believe It dangerous to eell abort at this *5 T /h , Cotton at 8ftc to the farmers (a I 10 Kolng to flood the market unless a oer* J»iniy of 14.000,000 bales Is shown, and Just now that is a decided uncertainty. THE DRY GOODS MARKE*T. York, Aug. 22.— 1 The dry goods mar- as firm with au active trade going p >n the Jobbing houses. A white goods V* was the feature of the day’s misl* and a Urge volume of goods waa k*»t H^ry^wIthln JhhrS <1 moTt>d. fll - * , ’* r <*. Cotton yarns were steady on ; n * pner numIters, bat week on the coarse hiinWre A moderate business wae doing. LM® bale# of 3.50-yard sheeting have f T** n *°‘d for Hail Rea ports, and nn ac- ^uth American east coast trade Is ,R l ,r, *gre»s.—Olbert ft Clay. now In the plant, which, with favorable weather, would increase the yield consid el Waco, Tex., wlrea; "Rains delayed open ig, picking and marketing, but 119 seriouL ...image, although worms and weevils are doing some dnmnge. Crop In Texas Is a big one. ' Greenville, 8. C.. wlrea: "Crop Green wood to Greenville spotted, bnt generally good. Weather continues Ideal, and crops improving dally. Carolina ten days late.’ r Private Wire to Ware ft Leland. New York, Aug. 22.—The market opened steady 4 up. At 12:15 p. tn., 6®7 up. and very steady. Sale* 7,000 spots, 3 up at 6.44d, Future* due to come about 4 up. Cotton opened disappointingly. Weld broker* heavy lrnyers. Commission houses sold. . ‘ Weather map looks good again this morn ing. Trace of too much rain In Georgia covering by weak aborts. Cun fee nothing t<f bar cotton on, however. Hehfll hammering the cotton market snd dM 46S un on both mtrkrti, th.nfor., op to now the Encll.h fnture nuirk.t vru rerj farorahle. Brim more farornble, howorer, w«. the better .pot demand. The weather map ahonj Terr little rain belt. Temperature! are orer; the cotton moderately high. THE WEATHER. LOCAL rORECABT. WEATHER CONDITIONS. In Montsna, where the pressure Is only 90.00 Inches. Over the rest of the country the pressure la low. flat snd sluggish. The temperature has changed bnt little except In tne upper lake region, where it Is northern border of the United States snd at a number of stations In the Itocklea. The sluggish eastward drift of the atmos phere Is favorable tor continued wsri weather In this section, with acattere * t and Thursday. . B. MAItBURY,. Section Director. CHANGES SMALL • AT THE_0PE1G Commission Houses and London Were Heavy- Sellers Early. CAUSED THE DECLINE After First Few Minutes Quiet Buying Stead ied Prices. u By Private Leased Wire. New York, Aug. 22.—It was difficult dur ing the first two hours of today’s trading to dlstlu;:u!sh any tendency nt all In tlio price mo.euient, For the entire morning, the tide of speculation moved restlessly and fro. At Intervals, creditable strength was shown; nt other times It ap peared that realising sales were sufficient io* fill Overy bid of speculators anxious to renew the rlae. Generally, the trading by comparison with the previous day* was more subdued, nnfl the nuigo of price* was much narrower. The feature of the morulug was Great Northern preferred, which was bid up violently 10 poluttf from Its opeulag figures. Northern Pa cific rose briskly in sympnthy, and the near association jvhtch these stocks RANGE OF NEW YORK STOCK MARKET AmaIgniuated Copper ... American Sugar Refining Atlantic Coast Line..*- Anaconda American I.ooiSnotlve <!<«. preferred Atnorleun Smelting Refining do, preferred Atchison ; do. preferred American Cotton Oil Baltimore and Ohio Brooklyn Rapid Transit Canadian 1‘nclflc.. Chicago and Northwestern.... Chesapeake and Ohio Colorado Fuel and Iron Central Leather do, preferred declines. Elsewhere, net changes on community was one of profound uncer tainty. In the stock market opening changes for the moat part showed irregular fractional change*. Union I’nclflc opened off but recovered its loss. Declines aa a rule eraged \k to Amalgamated Copper „_~ ed nt g gain of % to 1WV4. then rose to lOoW. The stock market’s principal topic of dis cussion is of the Great Northern ore deal. Houses that have been hear/ buyers of 11111 and UnrrUnan stocks, and also of the Steel shares say that an announcement in regard to the ore contract Is very close to hand and may be mado today. Ixmdon today sold 60,000 to 70,000 shares and commission houses were heavy sellers of the list. The supply and pressure from these sources caused early declines ranging from small fractions to a point, but after the first few minutes there waa quiet bnt persistent buyltig all around th* room. The volume of business in the first hour fell off again. Governments unchanged. Other bonds are Irregular. _ LONDON STOCK MARKET. raiiauian rsrinc.. .. .. . Chic. v Mil. and 8t. Paul.. miuM* ^entrar.r".." LotilsriHs and Nashville. Heading,. •• «• •• .. ... Pennsylvania Southern Pacific Union Pacific.. .. .; .. United 8t«toa Steel do, preferred.. /. .. . 8TOCK8 AND BONDS. Distiller's Security Eric - do, preferred General Electric Illinois Central American Ico Securities Louisville and Nashville Mexican Central Missouri Pacific - New York, Ontario and Westert ... National Lc ’ Northern Pa. New York Central.. Norfolk and Western...,.., Pennsylvania People’s tins Pressed Steel Car do, preferred Pacific Mall ...: Rending Republic Steel, gonthith Parian Houthcrn Railway do, preferred Slosa-ftbeffleld Tennessee Coal and Iron Texas and Pacific United Whites Steel do, preferred Ylrglula-Carollan Chemical ; do, preferred Western Union Wojuish do, preferred Wisconsin Central do, preferred Total stock sale* today 1,663,900 shores. AT NEW YORK. AT NEW ORLEANS. The following Is ths range In cotton fu ture* In New Orleaps today: i s’ a - k 3 n 2S ? u 8' 1 1 3 11 I 5 u Aug Kept Oct. . . . . Nov EE*:;:: Feb Maryh. . . . 9.10 9.17 9.18 9.27 9.39 'll! 96 9.16 is ' 9*.ii *8.18 9,5 9.14 I'.Ti 9.22 '9:22 '8.89 9.06 9.14 li "tM 8.76-80 8.87-89 9.05-06 9.11-13 m 9.30-M 9.35-26 8.80-88 8.91-92 9.0S-09 9.18-15 111 Ang Kent . . . . Oct RE:::: Jan Feb March. . . . 9.62 1:3 * 9* i& 9M ■9.33 9.66 9.23 0.18 * •* i 1* Ml ’9.36 9.62 {.§ 9.08 'jes eft ».* 9.66 9.17 8.10 9.19 *9*28 9.6643 Jlo-ii 9.13-12 m 9.21-21 9.28-29 9.6040 B 16-17 9.11-12 iE 9.22-23 9.294) Closed harelv steady. Closed steady. TIPS FLASHED Fr.m Wall Street WEATHER IN COTTON BELT. T«i«»-Tjl.r clear soil irerm. Dalln, .irtljr cloudy and worm Hou.ton rult/'- clmidr end plceeent. Fort Worth cloud reined leet nlfht. Ben Antonio elondy *i W Teiee Relnfell—Dallee. M; Blenco tree; OrecnTllle .41; Kerrrllle ,<M; temnnee* .It; I/onfrleer .45; I.ullng .41; Moxlo .(B: Nero*- dochee .19; Perl. ,04; Hen Marco* Hher- inen .19; Teylor ,M:> Temple .09; W.co ,50; Wexthitchle .90; Weatherford .99; Wharton .01; HnntSTlllc, Oelrcxton and Hen , °Mltileidpn , |—Yexoo City pertly cloudy and _ot. Netchci rlrer end trnrtn: tempera ture 93. Jeckeon eleer end pleeeent Alter- deen, New Albeny end Tupelo clear aud ’ Aiehe me—Selma, Montgomery. Opelika end Mobile dear end hot. lluntirllle clear and warm. WEATHER IfTwHEAT BELT. Extreme Xorthwext-Partly cloudy; 19 to abore; general rein*. Northweet—Cloudy; 54 to 91 abore; fen g ’weetand Southweet-Partly cloudy; 99 to nhore; go nr re I reins In IlllnoU; local In o’hlo 1 Valley—Pertly cloudy; 71 to 79 abore; local nine. WEATHER FORECAST. Thuredey, light to freeh rurlalilc wlnda. Virginia, North Caroline. Mouth Carolina, Eeeteru and Weetcrn FlorhU-Local ralne Wcdneeday and TMireday; light to froeh V, Alehem« r . lllll Mleetealpi&, I,ouleleh» and cal reine Wc,lucedey_end. Thuredey. Arknnee*—Hhowefe Wedncedey ana Thor,- day. cooler Thutwdey. Indiana—Show-era tonight or Ttanradey; cooler In north portion. ^«*^Th.x* h iir«fr5Sudy; ’’iovre^Hhowete SfJStS^mt Thure- sr showers: cooler In east portion. Missouri—Showers tonight or Thursday; Cn KMn, b »nS > Vaath Dnkot^Showenl end A71ANTA.M GIBERT & CLAY STOCK*. BONOJ ALABAMA BT. ?c?.r4 fisssffisr "w&afBgBWJiSj;. ;k CoBee iichaige|New Orleen. Hoard of lreSe.|iiel»eeton Lotton Exchang* i\ and Lena DUUnea'Ta&hona*ten! ******%!. n. FAGAN, MantfitK ... Ii, 1910., Savannah 5a. 1909.... . Macons 6s, 1910 Atlanta, 6s. I91L. Bid, Asked. Aunnini Mi t-Iff. • »m. . Atlanta, 4?4i. 1921 19P 1 ??«H Atlanta 4e.lM4.. .. .... 1« Atlanta and Weat Point. . . .!« Atlanta and Weat Point Deh(a..I97 Central Itallway of Ueorgla lat Income ffH do, 5d Income *L, do. Id Income .. .. y. t;7H Auguatn' and' gara'nnah'. ! . . . .115 117 fflSc ii.v.v:: 1JJ C.| C, and A. lata 113 COTTON REGION BULLETIN. For the 24 honra ending at I a. m„ 71th meridian lime. Auguat 22, 1909. STATIONS OF ATLANTA DISTRICT. -Allante. clear. . . •Chattanooga, clear, t'olumhua, clear. . . tjalneirltlc, clear. . tlreenvlllo, dear. . tlrlftln, clear. . . . MontlceIlo.*clcar.' Netrnan, clear. . . Rome, clear. . . . Spartanburg, clear. . Tallapooea. clear. . Toccoo. clear. . . . Weet Point, clear. ' -Minimum temperaturea are for. the 12- hour period endltuf at 5 a. m. thla date. IlEAVT RAINFALLS. Macon. Oa.. • Ulackvlllo, H. C . B M I tu .g a Nsw York, Aug. 21- Itoaas will ai woSncfudegosslp' ’conrrriilng the ore deal and report* that Union Pa- rifle holdings of Investment securities may pass Into the bauds of a syndicate on val uation* exceeding 1100.000,0m. The question of gold Imports becomes Important in view of the narrow margin of surplus respective ly held by ths banks, and the kind of re lief to be effective should assume very Important proportions. Meantime, the only S ide you have to these developments la e action of tho market, which may have to endure a fnrther selling movement this morning before the right kind of would logically appear. We expect. the metals aud steel stocks supported; also the coalers.” Daniel Odell ft Co.: "Market may dis play fnrther weakness today, but think good stock* like AtebJwn, Southern Pacific, nt. I'aul and Norfolk, will then he good K rckaaes. There was good buying In thi uea yesterday.” Think lVnnsylraala and Union Pacific The New York Financial Bureau aaya: "Discriminating purchases, especially on wenkness t«xlay, will, we tovc reason* for •nrate with the advance and will re-extension of shortage and strengtbenlni of technique much to he desired, now tbn the public has taken a good weight 01 stocks. That there has lieeii distribution oi .stock* Is plain to un, but that the bulk ye. remains In Inside hand* la nlso manifest, l the market Interest* shall have anc- ed In disposing of their holdings the trend will continue upward under existing conditions, as we calculate them. We un derstand developments ara pending, to he announced from time to time, that will furnish plenty of bullish enthuslashi. W* expect to see banking support against too aggressive raldigg today, and If good stocks have already been bought on the recession we Mleve they should be averaged confi dently on further declines, which are likely to he but temporary. It will protmhty be found that a Recovery will be led by ape- Americus, Ga.. Milieu, Ga.. oultman. Ga, ..1.94 ..1.24 ..2.28 WARE ft LELAND'9 DAILY COTTON LETTER actor of the coti NOTES ON GRAIN Pointers on Provisions. sell Private Wire to Wa Chicago, Aug. 22.— the advance In the Northwest, which, some think, was due to u little run on the part of short* in September up there. Armour sold December here. The tone of the wheat market I* distinctly ehanged from tho past two days. Hales only be made nt concession*. Tne undertone of wheat ha* gradually gained strength the past few days, uud ns prices hold steady With no selling pressure on the market, some further rally seems In order. Tha pit crowd who on Mondnxwere sell ing H*bteml>er wheat short nt 70c are nmv going Jong of Dm— * ”—** see tbs logic of It. Oats opened shade higher on buying by tho pit crowd. Bartlett, Frasier ft Co. are now fair seller* of May. Updike lug May. inter-ucean>» Vaudusen-IIarrlngton, Miuueapolla, snya: "It Is too early to esti mate tiie shrinkage of Jute crop lu the Northwest, caused hy heat. Reporta Mon day of damage of 10.000.000 bushel* on uc count of hot weather seem to i»e very ex frame from later reports. There was un doubtedly some shrinkage. Weather uortb is good.’’ to Nebraska corn, Fremont wires: pies of growing corn coming to the of- esterday and today show they are best tvor hud at this time. Kernels are between milk nud dough, ears are filled to tip Mild very heavy. With continuation of warm weather and uo frost or rain for two weeks the hulk of our corq'crop la made." Southwest. The Minneapolis market waa the stronger yesterday, reflecting deteriora tion of the crop outlook. We still believe this factor will have a potent argument for 000 hushela Kcpt-unher wheat ... ..... elevator concerns, which gave the Deeembr lu return at a premium of He per bushel for the latter. Small holdings of September have been pretty well liquidated during the continual -decline of J5c per bushel. The ae- tunl grain Is now In atroni of cash grain In rhlcago 46,0 ^ti and 170,000 oats. ‘Seatainrej sales 104,000 wheat, 26,000 corn and 75.000 oats. One firm yesterday bought 40.000 bushels coru, the largest purchase lu thirty days." COTTON HIGHER ON PROFIT TAKING New York, Atig. 22.—The Sun says: "The tendency to rally waa ntlll noticeable nml at tho close prices were slightly higher for Incut luterests. Is still bearish, hut the time being, at any rate, there more disposition to secure profits than there was to engage extensively lu ventures on the'abort side. Yet nt i prices were lower, owing to heavy ng for Southern account through va rious wire houses and commission houses. Then, too, the receipts of new cotton were heavy, IloUston getting 8.989 now bales, Galveston 6,702 and New Orleans 93. The weather at the South was. In the main, favorable, though showers were reported nt many points in Texas and ft further precipi tation occurred in North Carolina, when* the government says heavy rains of late have canoed considerable damage. Bnt, on the whole, the crop reports continued to indicate a Urge yield, and this accounts for the bearish sentlnieut prevalent al most everywhere. Yet the recent slurp de cline Is believed by many to liavr dis counted for the time, at least, the favor able crop prospects, ami there was con siderable baying for the -long- acewmt ‘ ’rdny by prominent commission I KK’FfitaKjf-V promlnont SSSr nulT”*'* WPre rlaUlMj anil ttwa* one, li, (omul among loir-prlral luuna which • - * i take Irea mtfoejr to Int.rcat heciuiac i > greater Mfrtr. atM laappreclabl* ralo/all. REMARKS. Her tcmiternturw were report- ... „ ... th. wcat.rn and •oathern dti- trteta. Ralne orettrred In all nc»pt th. Mo bil. dletrlct. Th. nmounta were h«ry nt > n <> M nrla Vnpth nntI S/Mftft I'amllnt THE 8UGAR MARKET. Rr rnrat. IxHtanl Wire. K.w York, Aug. 2L-Kugar, retlnnl nml raw, unchanged. Ixtndon Iwot mnrk.t atMdjr; Auguat 9a 29id; Hcpt.mb»r 9e 2d. eoolrr tonight; Thnrmlar partlr clmtdr. North Itnknta—Hhow.ni tonight; cooler In Mat^and aontb portion; Thnrador fair and ^ sion to nn—Partlr rloinl, tonight; abowera In mat portion; Ttraradaj fair and alight- Ig wanner. ahniild marS'llm. ami Co> irreniar letBpo rnrll., during which period a abort Intcreat will built op In anticipation of Imprtnre- m-nt later on. A cunacrvotlr. bull i-oltlon will. w. firmly b»ll-tf, glr. good reanltg.” rrlvnte Wire to War. A Inland. New York, Aug. 22.-London point ‘ with call money likely to atllt.n further, • cactlona can h* look«l for, although th. marint will bo extremely Irregular. There la a renewal of talk i.tallng to Vnlteil State# Hteel taking orer Fuel, lint a peace and Ohio. Brie and the Jow-prleed r *Taik la atlll hollleh on Harrlman raclfirt and Hill laauea. j , . It I* reported from good <i(uirter« that Republic Steel la ready for n moreinent npwanl of 10 point#. The (late# faction Is unileretond to be handling the morament. Tina come direct from tot Heud of thla GIBERT & CLAV8 - DAILY COTTON LETTER. New OrleaDa. Aug. a.-F^rly 12r»fpf^l cable# were illitlnrtTy l.nlllai on newi of n In* favorable ebara«-ter concerning lb* crop, which sentiment option# earlier fully reflected, hat later lost when the large short Interest bream© mart thoroughly 11* , greater percentage crop accounts at hand from tho Bout ip are on a more restricted acal... the uncertainty and the fsellng market may l>« In for a reaction _ _ points on nn oversold technical condition. Beyond thla, there seems to bo no radical rhangd In the position, and «en* tlroeut continues bearish, ns a result of ths progress of the cotton crop. It Is still early- In the Besson, and as cotton has not sold at 9c In tome time, nml the world’s dry goods trade la In a profitable condition, the buying by spinner* and tho trade gen erally at present prices ts not surprising. In fact, It Is the part of wtmlnm for spinners needing n large quantity of rot- ii>u the coming ssason to lay In n portion of the stock at present prices. This sup- and matt; ■■ I to both ony and sell at the current The market seems to be In a reactionary tnoud, but on nny advance, the Mouth Is _ny likely to begin selling again, and, of course, Inducements for the trade to buy how no- tlcenble would be absent on n rise. It looks as though wo would have a good trading market for some time to come. quldated, final prices being S points over yesterday's close. Hpot sales amounted to 7,000 I hi les, with quotations 2 points high er. lu the past few days, the market has developed Into a comparatively narrow affair, sorely In need or the broadening Influence of a more general outside Inter est. Under existing circumstances, the more professional element* arir not in clined to aid the market either one way or the other, the txdlof prevailing that a slurp advance, would not be In keeping with the favornhleiics* of crop news, while, on the other hand, the recent de cline has been so thorough that consid erable difficulty would, In all probability, be experienced should an attempt lie made to force values lower. Under the sur* face, however, there Ilea Important fac tors directly and Indirectly Itearlpg «|»on the rot ton market, and which, at their proper time', will undoubtedly exert thetr proportion of Influence. First, the free moveiucut of early cotton, which seems to portend sufficient supplies and the early —— — •--*—)* against spot commit- the recent questionable good buyer*. ”—01b«rt New Orleans, Aug. 22.—The Timer-Dem ocrat: "Yesterday’* cotton market was er ratic because of the conflict of nrofea- „„ new cotton »nougb to Ihj counted among each days Influences. Meanwhile, careful students of the staple are unable to mold a bearish argument out of the nhsenro of concrete crop mention In the govern ment's cotton region bulletin As a mat ter of fact, there would now worn to be same renson for Gie belief that tho crop nnd flic tenor of the government a weekly weather reports have lacked lise- mony of detail, nnd that deterioration lias been more pronounced In some sections than generally suspected. However, pend ing the growth of tbe new 'ntoremenf, n steady If not a reactionary market Is quite logical. logically, the spot market bi\s not yet gone on the basis of new crop values because new crop cotton has not begun to move In the New Orleans territory. This, of course, accounts for some of the discrepancy In spot nnd option value*. — Ware ft Leland. S EXCESSIVE IN THE NORTHWEST Influence for a Firmer Open ing in the Wheat Market. CABLES WERE HIGHER The Canadian Crop Report ed Damaged Was Also a Bullish Help. r Private Leased Wire. Cblago, Aug. 22.—There was a firm#* opening In wheat today Influence* chP-jiy by reports of excessive rains in the northwest and a forecast for more today. Cables were 3-8d higher on reported damage to the Canadian crop and a firm Winnipeg market CHICAGO GRAIN MARKET. -Jlrtigo grain si for today follow: Open. High- 9* 79 Sept 4*10- 80 Dec 31ft 81ft May 55ft Mft PORK- Kept Jnn.... 13.60 13.60 LARD— Kept... 8.66 St - 8.66 in.... 7.82ft HIDES— m 7.86 8.60 8.16 7.82ft 8.67ft 8.67ft 7.82ft 7.37ft If if 8.96 ll 9.00 m Sept.. 8.97ft Oct... 8.70 J ‘cAHIl 7 \vft>!AT- No. 2 reil ?9<4«73«v Nn. 3 rnl 7J'4fi7:'.; _fo. 2 hard winter 7Ifttf72; No. 3 do i0ft 4#70ft. . PRIMARY MOVEMENT. Ml. ■ mtf —.— . against 821.000 bushels last year; shlnineril* . . — — . -gainst 316,00o busli- tndny 632,000 lmehel*. last year; sblnmenta tmlay 400,000 bushels, against 460,000 bushels LIVERPOOL GRAIN MARKET. Mied higher: at 1:80 r; closed at ftoftc higher. N* unchanged; at 1:20 p. Wheat—Opened m , %c higher: c'~ CsnMHWIw r _ , ftc higher, nnd closml ft^f^c higher. NORTHWEST CARS* Minneapolis, ftolufb.' . . , CHICAGO CAR LOTS. Wheat.. Porn.. .. oats. ., Hogs.. .. Today. Tomorrow. COTTON SEED OIL MARKET. New York. Aug. 22.—The market for cot ton seed oil wna moderately active and steadier. There waa some little commis sion house buying, and the pressure in Hcptemlter ws* much less active. There Is a general feeling that the ucnrhy positions have I teen pretty well t-vened up, although some Interests are claiming that there is still quite a liberal open account lu Hcp- tetnber. The recent weakness In future* has unsettled the market for crude. Re crop continue era I estimate* of (he cotton to 1*» the principal Influence l>earlsh sentiment, and In opposition the fear that an over-burdensome short tn-i Iterest may result In causing a further re- Itctldii fn»m low IcvcfH rccfiidy nt»>..rvc.t. SOUTHERN EXCHANGE Oldest E,tabll«hcd Ortlca Soutti. COnON STOWS BONDS—DRAIN Ground Floor Goutd Building. Dally market letter rutd m»rket inanunt matted on .ppttf»tton. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 aereatNce. the neal bank PHONE I4t7. PRUDENTIAL BLOG WAR COTTON, GRAIN, Hew Orlesnt. E A LELAND PROVISl&NS, STOCKS, BONDS, Ms. 2 Will SI., friers Bsltdlsg, Atlssts, 0«. HlMBiKS: Cblago Bard of Trsds. Cb/aao Stock ttcksngf. r York C “ * Ujtr ^Wn,\rSST.rb. Mew Orlnss. Cbicsgs. T l/eW ^ Bell Pbose 1H2. SUsdsrd Hose 22L opening.—War# August September. . • . Octolaer November. . . , December. , *, , January. . . . Closed steady. ■■ THE COFFEE MARKET, New York. Aug. 22.—The opening of th* coff9»e market made rather a boor showing, considering the farornble rah lee. whb-li dM not fully resitond to the New York de cline of yesterday. Thta atnlilllty «»f the Hu repeat ii market appear* Rlugular. inas much ns a Isrgc share <»r the recent sell ing here I* Ntipposcd to have been for Kurnpenii account, and a* the local mar ket la not aimer a parity the reveran faring the cn*e.—Gltacrt ft t’iny. Ojtenlng range and close of the New York coffee market for to«lny wn* a* follows: Opening March.. .. . Aiarll #. Maty June.../ July....i.. .... Augunt Heptcniber.. ., „ October Novemliar.. .. , December i'looeil steady. Ibiii_ . ..7.06-7.10 . .;7.r*-7.35 ,.7.n ...7.16-7.45 ....7.467.50 ..8.79-8.90 ..6.PM.96 .. .7.03,7.06 t’lnee. 7.36-7.40 7.40-7.46 8.704.78 6.704.76 6.80-6. M 6.96-1M Home demand for Canadian I'acltlr In th* loan crowd, but other rtockt plentiful. Gerntany placing order* for Smelting Iron York to engage gold J6JD0.O0 bar gold will lae nffer»il In the open market, State hank Increase* its capital from flrt),- 000 to fl.006.000. faike competition causca Tednctlon In ex port grain rate*. Twelve Industrial^ daereased .30 per cent Twenty active railroads declined 1.33 per cent. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign* Exchange, Travelers' Checks, Brown Brothers’ Letters of Credit available in all parts of the world. WM. L. PlfL President. Til08. J. PEKFLE8. Cashier, BOBT. F. MADDOX. Tki PWE JAS. G. LESTER. Aw't Cashier. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNT* INVITED $200,000.00 $500,000.00 We invite accounts of individuals, corporations, banks nnd bankcre and offer tlic best terms consistent with conservative banking.