Below is the OCR text representation for this newspapers page.

. i 1 'jjhiji^hp,r-i, ■_ nys- THE ATLANTA GEORGIAN. WEDNESDAY, AUGUST 22. 19* JOSEPH B. LIVELY THE GEORGIAN’S RECORD OF MARKETS AND FINANCE Isl 25 yenm* experience markets In Atlanta and made blm a rats utborlty la bla specialty. response feeble TO BETTER CABLES First Prices of Session Were at Advances of Only Five Points. SOLD HIGHER LATER NEWS AND GOSSIP Of the Fleecy staple. Profit Taking, .Favorable Weather and Crop News Turned Prices Down. By Private Leased WIrA New York, Aug. 22.—The cotton .market bnd n poor opening In view of the cables. First prices were 6 points higher. Pro. fc8*ii>ijjil trading 'predominated early In the session, nnd It looked ns though strong ef forts would be made to force a number of Mg accounts with weak margins to Haul- date, and room traders again started the movement. The opening for cotton for future deliv ery in New York was disappointing in that, while an advance was noted. It was not a full response to the totter advices from Liverpool, both sjmt and futures lu that market turneu downward, taking of ts, favorable weather and liberal more* of new cotton In Texas being the In- “Sol while more’ conservative estimators regard 12.000,000 bales us the maximum figure, nnd under the clrcumstauces It would seem that a miraculously fine condition must prevail from now, on to glvo up n. crop n million bales larger than the last one. In order to raise 13,000,000 Bales front this i * “ season with that ago, when the average yield was 223 pounds to the acre, and the cron rendition throughout decidedly better.' Private Wire to filbert & Clay. ... n ,\ Yor fc' Aug. 22.—Liverpool opened up. Expected 4<fr5 up. Liverpool rabies: “Market has good u„- dertone; nothing offering, with Improved de mand from spinners.** i Carpenter, linggot Co. say: “The fact must not be overlooked that this short polling has been going on sluee December . na selling nt lie. so that, with nil other things equal, the shorts have tlm advantage, and there must be some decided chnuge before a bull .campaign can be conducted with success, and we favor operating from the abort side.” Dick Bros. ft Co. say: “Under the elr- cumstance* ami on technical speculative grounds alone* we can see how this mnrket could Jump over a half cent a pound quite readily liefore the end of the week, no matter what the expectation may be regiirdlug the next bureau of the census report Mitchell offered 500 Janaary at 10.23; Wold took them. Weld brokers good, buyers on opening. New Orleana, Aug. 22.—Liverpool 8 high er ts a shade better than expected, an ad vance of 5 points being due, and indicates kets. Liverpool cables: “Market has advanced In consequence of less favorable crop ac counts, reported serious damage by raius, aud worms In Texas. Another cable saya: “We-think that our market will advance, and purchases can he made cheaper now than for some time to come. *’ Waco. Tex., wires: “Crop continues to Improve; rains will delay movement some, hut doing no damage." * quiet but steady, the slight SPOT con ON MARKET. Liverpool, quiet at 6.44d. Augusta, quiet at 9%c. Snvnunnh, steady nt 9 3-16c. St. Louis, quiet at 10c. Huston, quiet at 10.10c. Houston, steady nt 9%c. Baltimore, nominal nt 10c. Galveston, quiet nt 9%e. Memphis quiet at 9ftc. Norfolk, steady nt 9*c. Mobile, dull at 9fte. \ Now Orleans, steady, 9ftc. LIVERPOOL COTTON MARKET- Liverpool, Aug. 22, 12:15 p. ro.—Cotton, spot demand Increased, with prices ftendy; middling uplands 5.44d; sales 7,000; At— Iran tl.Pw; snecufhtfon snd export 500; celpts 100, all American. ltunge. Close. .. ..5.15-5.17 6.14 . ...6.09-5.11 6.08 5.05 . ..5.034.06 6.02 4.99 s .5.004.08 4.194.00 4.96 .. ..6.004.02 4.994.00 4.96 . .5.01 5.004.01 4.97 . ..5.044.06 5.02 4.99 .•. .5.044.06 6.04 5.01 „ . ..6.064.08 5.064.06 6.024.03 . .6.064.09 5.07 5.034.04 JYerloos Close, 6.11 bept.-Oct, . tut.-Nov., , Nov.-Dec,, .. Dec.-Jan. . Jan.-Fell. . . id,.-March. , Mnrch-April. TODAY’S PORT RECEIPT8. The following tnhls shows receipts at the ports today, compared with tbs same day I««t yean INTERIOR MOVEMENT, The following table Shows receipts, at tbs Interior towns today, compare with tbs ,jny inst year: L. J. ANDERSON A CO.'S DAILY COTTON LETTER ored i Ue the- price of col ton this ■■■■■ ■ __ ' Rii, " „f f points, wElch advance . was ttuiiutiiined up to The‘2 p.ui.‘call. But New >ork realtor*led only feebly, and after no ciirly advance, prices again !*>gnn to sag !’”• Liverpool losing the biggest pnfl of j * gain. Heavy rains were rejM>rted Throughout the l»elt. lmt otherwise the news '*• the day was featureless. Compbiluts •»t w.-ovll nnd shedding are also rej»orted ff»m Home sections, hut the bulk of the Trn.i.. rontlnues to believe that unless some ■frill**nt overtakes the crop that the prom- »*> I« for a large yield. We believe, bow- p‘-r that even s large yield Is dlacouted "J there price* and aa a mold change may ••erijr'during tbe next month, me continue to Lidieve It dangerous to tell fttwrtfat this ' V 1 , Cotton at 8ftc to the farmers is r? s»lng to flowI the market unless s cer- ’ latv of 14.000,000 hales Is shown, nnd J now that Is a decided uncertainty. THE "dry GOODS MARKET. Market „ Improvement In opening prices seemingly well maintained on scatt *■“ * -*- * turn. Map shows widely scattered rains over belt, with cloudy weather in the western portion, and aitefaate clear and tfoctdy In eastern. Liverpool better than expected, nnd nu merous bullish cables may cause a higher market nt opening, although crop news shows no falling off from the excellent tenor previously maintained. ; A dispatch from Brenlinm, Washington county. Texas, says: “Showers have fall en again here tod*~ * *"“ weevils are repurti—, damage. Some farmers say that the crop Is made now, but that conditions arc not favorable for the ninHiring of young tolls now In the plant, which, with favorable weather, would Increase f prnhly.” _ . Waco. Tex., wires: "Rains delayed open ing, picking and marketing, but no serious damage, although worms nnd weevils are iloiujg some damage. Cfop In Texnp Is a big Greenville, 8. C., wires: “Crop Green wbod to Greenville spotted, but generally good. Weather continues Ifiesl, nnd crops Improving dally. Carolina ten days tate. ,f -Weld brokers heavy buyers. Commission houses sold. There does not seem to he enough buy Ing .power to sustain tho mnrket. May. worked up n little more nnd forced short covering by weak shorts. Can sec nothing to buy cotton on, however. Hcltlll hammering the cotton market and JCT5 u^oi favorable.“Evan more. favorable, was the better spot demand. Temperatures are THE WEATHER. LOCAL FORECAST. WEATHER CONDITIONS. past : CHANGES SMALL AT M OPENING Commission Houses and London Were Heavy Sellers Early. CAUSED THE DECLINE After First Few Minutes Quiet Buying Stead ied Prices. By Private Leased Wire. New York, Aug.. 23.—It was difficult dur ing the first two hours of today's trading to distinguish any tendency at all In the price movement. For the entire morning, the tide of speculation moved restlessly to nud fro. At Intervals, creditable strength wna shown; at other times It ap peared that realising sales were sufficient to fill every hid of speculators anxious to renew, the rise. Generally, the trading by comparison with the previous days was more sulnlued, nnd the range of prices was much narrower. The feature of the morning was Great Northern preferred, 'hick was bid up violently iu point* r .lUIII. with the movement in steel ghares, caused the latter to be held very firmly on heavy declines. Elsewhere, net changes on tho morning were generally sninh. The whole nltltude of the speculative community was one of profound uncer tainty. In the stock mnrket opening changes for the most part allowed irregular fractional changes. Union Pacific opened off %, but recovered Its loss. Declines ns a rule av eraged ft to ft. Amalgamated Copper open ed nt a gain of ft to 108ft, then rose to 109ft. The stock market's principal topic of dis cussion is of the Great Northern ore deni. Houses that have !>een heavy buyers of ffill and Harritnau stocks, and alto of the Steel shares say. that an announcement in l to the ore contract Is ■ * and may be made today. __ ..don today sold 60,000 to nnd commission houses were henry sellers of the list. Tho a *“ * J these sources can* Gorernm Irregular. LONDON STOCK MARKET. STOCK— Anaconda .. .. * AtelUson .. Canadian Pacific . . . chic., jkiy. and pt Paul Illinois’ Central.. * 1 Louisville and Nashville.. Rending.. .. .. Pennsylvania... Southern Pacific.. . « »* Union Pacific United States Steel do, preferred ra n * K r it . c 1 § [ w| i 1 0 a 1 Aug Hept. . . . . Oct tf Nov Dec Jan Feb March. . . . ’am 9.10 l:il 9.L-7 9.89 * R95 * 8 9.15 9 9.17 9 !:£! *9.« '9 38 8.89 01 9.06 14 9.14 sts 32 'i! 36 8.76-80 8.87-89 9.06-06 9.11-13 9.15-16 9.25-23 9.30-32 9.36-36 8.80-83 8.91-92 9.06-09 9.11-15 9.17 9.25-23 9.32-33 9.16-87 « Closed barely atefidy. -L .1 over the Mississippi valley and the South. Today the center of highest barometer la In Moiitaua, where the pressure Is only 33.00 Inches. Over the rest of the country the pressure Is low, flat and sluggish. The temperature has changed but little except In tue upper lake region, where It Is somewhat cooler. lu the last 24 hours showers have occurred In portions of Georgia, along the Atlantic coast from Florida to Maine, along the northern border of the United State* and at a number of station* In the Booklet. The sluggish eastward drift of the atn phere Is favorable for continued wi__ weather In this section, with scattered thunder showers tonight and^Thmradn^. Section Director, WEATHER IN COTTON BELT. JJ** York, Aug. 22.—The dry goods mnr- *he Jobbing houses. A white goods the feature of the day’* busi- large volume of good* wos and ■■ Print cloths were firm, and some for delivery within thirty days were "rarr*. Cotton yarns were steady on i ° r nttudiers. but weak on the coarse AhniiT'TftftA moderate Imslnes* was doing. LfO balea of 3.50-yard sheeting have Red Sea porta, nnd an *•- •v eotith American east coast trade Is in iin.tfr»*HH.—*}|| M »rt A Clay. Texas—Tyler clenr and warm, artly cloudy nfid warm. Houstou clouoy nud pleasant. Fort Worth .-ihuu;. rained last nlglit. San Antonio cloudy aud wnrtn. dorhes .iSj" Paris .04; Sail Marcos .fa; Sher man .IS; Taylor .56; Temple .06; Waco .20; Waxshntcble .90; WeatherfoiM .36; lVharton .01; Huntsville, Galveston and Han An tonio. trace. ^ ... Mississippi—Ynsoo City, partly cloudy nnd hot. Nufcnos clear and worm; tempera ture 36. Jackson clear nnd pleasant. Ator - een. New Albany and Tupelo clear nnd Alabama—Seims, Montgomery, ...Opejlks ml Mobile clear nnd hot. Huntsville clfsc ud warm. WEATHER llTwHEAT BELT. Kxtreme Northwest—Partly cloudy; 36 to 64 store; general rains. Northwest—Cloudy; 54 to 68 above; gen eral rains. . . „ ... , , „ West and Southwest—Partly elondr; 68 fir 76 alMtve; general rains in Illluols; local In * Ohio* Valley—Partlj* cloody; 72 to 76 above; local rain*. weatherTorecast. Georgia— I^cnl rain* WMncs«!fiy and Thurinfnv. light to fresh variable wind*. Virginia, North Carolina, Honth Carolina, Knsteru nnd Weshwn Florida—Local rains iedneaday and Thursday; light to irlnblc winds. ... Alabama. .Mississippi, toulthma exss—Generally f*»r M wlnesday Thursday; light south winds. West Texas. New Mexico. Aritftna. Ten nessee. Kentucky nnd Meat Virginia-Lo cal rains Wednesday Ami Tl.ursdsr Arkansas—Sluorers Wednesday and Thurs day, cooler Tbursilsy. Indiann-Showere tonight or Thursday; cooler tp north portion. Minnesota—Showers tonight; cooler -Ip southeast portion: Thursday partly cloudy, with showers In east imrtlon. Iowa—Showers nnd cooler tonight: Iburs- ilay showers; cooler lu east perthm. Missouri—Showers tonight or Thnrsday; “Kansas ^nll^mth' I hi kola—Showers sad ATLANTA. OA. GIBERT & CLAY STOCKS. BONOS. C. ALABAMA ST. COTTON. O R A I N. COFFEE. PROVISIONS Tork Btoci, Eirh.nnJSrir Ori^n^otL Rwhnnre.lf*K^lttlen V: r A c cS& 8rtSS: fjI'rXl.'/.’uSSi «nd Lfcnu DiiUnc, TilephopV Ki '* u,b a FAGAN, M«n»D«r. STOCKS AND BONDS. Bid. Askeil. 1910.. Savannah 5s. 1909 Ylneons 6«, 1910 .. Atlanta, 5*. 1911 Atlanta, «fts. 1922 Atlanta 4a, 1934.. ....... Atlanta nnd 'Vest Point. ..,.105 .135 Central Railway of Georgia lat Income . * *. . ... do, 2d Income., '< do, 3d Income \ Georgia. •• *• •••5 * ? Augnsfs and Savannah lie J ; Southwestern.. 113 1 Georgia Pacific lata ..120 1. C„ C. and A. lets 112 COTTON REGION BULLETIN. For the 24 hour* ending it t •. m.. T»th meridian time, August 23. 1903. STATIONS OF ATLANTA DISTRICT. ir •Atlanta, clear. 7 . •Chnttanooga, clear. Columbus, clenr. . . Gainesville, elear. . Greenville, elref. . Griffin, clear. . . . •Macon, elear. . . , Montlcello. clear, . Newnnn, clear. . . Rome, clear. . . . Spartanburg, clear. . Tallapoosa, clear. , Tocctm. dear. . . . West Point, elear, . . . - - . . '•Minimum temperatarea are tor the 12- hour period eudJng at 8 a. nj, this date, HEAVY ItAINFALIJ!. llncon, Oa.. * J Hlnekvllle, 8. C .w Amerteus, Ga., .. Milieu, Ga 1 Quitman, Ga.. J-j* Tallflhassse, KI*m -}-J0 Weblon. N. C.. •» “ Max. Min. -w CENTRAL STATION. Atlanta Aagnstn Charleston. , . . GuivesfAn. . . . Uttlc Itock. . . . iiar.'.r. Montgomery. . . New Orleans. . . Oklahoma. . . . Savannah. . . . gfflBfc::: . - T todlctM Inappwdabl. nlar.IL REMARKS. Hllgklljr bllhrr touilH-ralur.. w,re r-port ,.l Id in-At of th- wMt.ru nml wwtb.nl rtl.- trlets. Rains iKvarrm In all except the M«>- blle district. The amount# were heary at (Hdnts In Georgia, North and South Carolina Dlat Average*. Temp* tn re. Max. Min. at| Hi jT THE SUGAR MARKET. If IMr.tn 1,-n.Ml Wr». S>w y»rk. An*. B.—Hunr, rrilw-d ,d,I r»w„ uiM-lmn*nt. Lnmlon Iwvt nwrki-t ,Ua<lr; An*ust ta !VI; S-nteoibiir h U. RANGE OF NEW YORK STOCK MARKET Amalgamated Conner American Sugar Refining... Atlantic Coast Line : Attaoootla American Locomotive do, preferred American Smelting Refining ** preferred Atuerleon Cotton OIL.............. Baltimore nnd Ohio Brooklyn Rapid Transit Canadian rncifle Chicago nnd Northwestern Chesapeake and Ohio Colorado Fuel and Iron Central Leather do, preferred.. -..Jeago nnd Grea* Chicago, Milwaukee and St. Paul, Delaware and Hudson Distiller's Securities „.... Krla do, preferred General Klectrlc Illluols Central American Ice Securities..., Louisville and Nashville.. Mexican Central......... Hlaaonrl Pacific New York, Ontario nnd Westen National Lead Northern Pacific... New York Central. Norfolk nud Western Pennsylvania People's Gas Pressed 8te4J Car do, preferred Pacific Malt Read! Repot Hock Island do. preferred United States Rubber do, preferred.. Southern Pacific Southern Railway do, preferred.. SlosK-Sheffleld Tennessee Coal nnd Iron ... Texas and Pacific Union Pacific •”4 « nmri ravine United States Steel do, preferred Virginia-Carolina Chemical preferred......... .......... western Union Wnlutsh - do, preferred.. Wisconsin Central do. preferred Total stock sales today 1,663,900 shares. RANGE OF THE COTTON MARKET AT NEW YORK. AT NEW 0RLEAN8. Iun>. ill Xnw I a 9 s 1 II 1 V Aug Hept Oct Nov Dec Jan Feb. .... Mnrch. . . . 9.62 ES 9.13 *9.16 Ml 9.33 9.65 9.23 9.18 '9. ii) 9.26 0.35 9.62 9.10 9.06 ' 9.09 9.16 0.25 9.66 9.17 9.10 "9.12 1,3 *9.28 9.6543 9.13 . 9.10-11 0.12-13 0.12-13 9.13-19 9.21-23 9.28-29 9.5040 9 16-17 9.11- 12 9.12- 18 9.13- 14 (83 Cloned steady. TIPS FLASHED From Wall Street. WARE A LELAND'S DAILY COTTON LETTER Private Wire to Glbert A Clay. New York, Aug. 22.—MitrabaH, Spader A Co.: “While mouey rates may be tba ireine dominating Influence today, and re- tort a concerning the possibility of gold lm- »orts will be eagerly looked for, tue newa terns will also Include gossip concerning tho ore deal nml rejmrts that Union Pa cific holdings of investment securities may pass Into the hands of a syndicate on val uations exceeding 1100,000,000. The question of gold Imports becomes Important in view of the narrow margin of surplus respective ly held by the banks, aud the kind of re lief to he effective should naaume very Important proportions. Meantime, the only guide you have to there developments Is the action of the market, which may have to enfinre a further selling movement this *iif liefore the right kind of support l logically appear. We expect to oee the metafs and steel stocks supported; also the coalers.” , Daniel Odell A Co.: “Market may dis play further weakness Unlay, hut think ~iwd stocks like Atchison, Southern Pacific, t. Paul and Norfolk, will then to good urrhaaea. There was goal buying In these .ssues yesterday.” Think Pennsylvania and Union Pacific will adrntice. The New York Financial Bureau aaya: Discriminating purchases, especially on weakness today, will, we bnve reasons for relieving, give good returns later, although bearish operations may to expected lu con- of technique much to I «fl» been (TfstrihuTfou of r hut that the hulk yet remains lu lusldc hands la also manifest. Until the market interests shall have suc ceeded In dlsjiosliig of their holdings the trend will coutluue upward tinder existing conditions, ss we calculate them. Ws un derstand developments are pending, to to announcal from time to time, that will furnish plenty of bullish enthusiasm, —— *- —HhH— -upport again*. . nnd If good stocks ■■■■■■■ t on the recession we toileve 'they should be averaged confi dently on further dediues, which are likely to to but temporary. It will probably to fonnd that a recovery will to led by ape- Hit I ties, ‘ * mnv! ' seter of the cotton market la not difficult to explnlu lit view of tho extenslyo de cline that has recently taken place In the effort of a large short Interest to cover cotton without causing much of an advance lu prices nnd the exceptionally favorable tenor of by far the greater percentage of crop accounts at hand from the South. Oepratlnns are on n more restricted scale, owing to the uncertainty nnd the feeling that the market may to In for n reaction of 30(240 points on an oversold technical condition. Beyond this, there seems to bo no radical change In the position, and sen timent continues bearish, as n result of the progress of the cotton crop. It la still early In the season, nnd ns cotton hns not sold at 9c In some time, and the world's dry goods trade Is In a profitable condition, .the buying by spinners nnd the trade gen- —it- * prices is not surprising. NOTES ON GRAIN Pointers on Provisions. the advance Iii the Northwest, which, some think, was due to a little ruu on the part of shorts lu September up there. Armour sold December here. The tone of the wheat market Is distinctly changed from the |mat two days. Sale# enu only be made at concessions. The undertone of wheat has gradually gained strength the past few days, nnd ns prices hold steady with no selling pressure on the murket, some further rally seems In order. The pit crowd who on Monday we Ing Septeiutor wheat short at <0c are now going long of December around 76t«. Don't see the logic of It. 0 Gats opened shade higher on buying by the pit c rowd. Bartlett, Frasier A Co. are now fair sellers of May. Updike now " Ing May. luter-Oceau: Vaudusen-IInrrington, Minneapolis, saya: “It Is too early to esti mate the shrinkage of late crop In the Northwest, caused by heat, lteporta Mon day of damage of 10,000,000 bushels on ac count of hot wenther seem to tm very ex treme from later reports. There was un doubtedly some shrinkage. Weather north now la good. 1 ’ As to Nebraska corn. Fremont wires: Samples of growing corn rotulng to tb flee yesterday nnd today show they are . we ever had nt this time. Kernels are between milk nud dough, ears are filled to tip nnd very heavy. With continuation of warm wenther uud no- frost or rain for two weeks the bulk of our corn crop Is made.” Private Wire to Gtbert A Clay crop outlook. We atm believe this factor will hare u potent argument for higher prices. Better demand for oats. We think wheat nn excellent purchase. The Chicago Record-Herald any*: “It la learned on the liest of authority thnt s pri vate sale was made Monday of nearly 3,000,- 030 bushels September wheat to two leading elevator coueern*. which gave the Decembr In return nt n premium of ftc per bushel for the bitter, n"— Bail— * " — corn nuS 170,000 oats. “Senboard sales 104.000 wheat, 23,000 corn nnd 75.000 oaf a. One firm yesterday tough t 4\000 bushels corn, the largest purchase lu thirty days.” Inducements for the trade to liny no ticeable would be abseut on n rise. looks as though we would hare a good trading market for some time to come. in« that n recovery win i»e ieu wy spe- I ties, nnd these may to found among '-priced Issues #blch tak# leaa mouey to re nnd are ansceptlhle to a wide pshlle crest tocauae of the greater aafetr. As stated Tuesday HiurnlD*. th, f.n.r.1 il.t •hoDlit mark tlm. «nil li» irranl.r, t.rapo- ■rlir. During which itnrioD « abort Int.rMti S ti. imilt tip In nntleipatlon of liuprotr,- m.nt l.trr oo. A <-on«-rriitlr. bull poaltloi will, we flrmlj lt.ll.re; ulre good n-aulte.' Prlvnte Wire to Wore A t^lnnd. New Turk, Au*. r.-I-onilon KOI point Down. With call money likely to .tlffen further, ren.tlonn iwn It. looke-l for, nltlinnfti the iiinrk.t will be eilremely Irrrgnl.r. There I, n renewal of talk reUtln* to "nlletl Rtnte, Hleel Inkln* over AM, but itoeks cm! he l«n*bt. end won Id fitvor Hteel. AmnlpimnteD Copper. Norfolk, thee- ■peoke and Ohio, Krlo end the low-priced r *Tnik I. Mill bullleb on D.rrlm.n Pnelllee nd Hill Issues. It Is reported from good quartern that Itepubllc RtecI I. rradr for « morement upw.nl of 10 point,. The tlnte. faction le underatot»l to lie hendllw the tumeuient. Tlpe come direct front the need of thl, petty. ' GIBERT & CLAY 8 * DAILY COTTON LETTER. « lea, fnromltie chnr.-ter coocentn* ine rrmt. which Mttbncnt optlou e»rll«r fully reflcctd. lmt Utter lo»i when the luf. short Interest bscans uiov# thoroughly li quidated, final prlcea being 3 points over yesferdsy's close. Spot sales amounted to 7,000 tales, with quotation# 3 imlnta high er. In the past few d«ya, the market hns develop'd Into n comparatively narrow r ffalr, sorely In need of the broadening iitlueure of n more general outalde Inter est. Under existing clrcumatanccs, the more professional element# are not In clined to aid the mnrkft either one way or the other, the tollef prevailing thnt crop th I lie,- on the other hand, the recent tie- ine baa been so thorough that consul- sole difficulty wonld. In nil probability, face, however, thera lie# Important fac tors directly and Indirectly tonrlpg i»|Km the cotton market, and which, at their proper time, will undoubtedly exert their proimrtlon of Influence. First, the free morement of early cotton, whlrh seems to portend sufficient supplies ami the csrly undoing of hedges agalust spot commit ments. Secondly, ths recent questionable InflnYlon of values In the stock market may nt the Grae of it* realisation, lucre### ‘ “ *■ —** * “ im£= ~ the ■ctlon from low levels recently observed. SOUTHERN EXCHANGE Oldest Established Office South. COTTOK—STOCKS—BONOS GRJtlX Ground Floor Could Bulldln*. Daily market letter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 REFERENCE. THE NEAL BANK PHONE ,417. PRUDENTIAL BLDG rtKil.r tnuiubt; Tk or Play Bartly«cbm<ly. North INkofa-Hh-iwcra lmil*ht; .-iKilcr In ea.t and »mtb portion; ThurwI.y fair auil .lightly warmer. Jlnnt.iin-IMrtly rlondy lonlrtt; nbowera n mat portion; Tbureday fair and allatit- ly warmer. ft, Orlt.nt. W ^ w, ^rovisionsSto^k^bon ds, COTTON, GRA 2 Will >1.. f.l.ll Builtfi.j. filial,. Cm. KlUltlS: Ktw Tut Cut.* brioMt gets Orltant Colton Uthanq*. Llvinoat Celt— knedallon. hit tit Wins It ktw York, Ktw Otltttt, Cblctgt. tell Fktte 12C. CIdeas# Beard of Trade. C filnao Sloth in hinge, ktw York Collet hchangt. 0. C COTHKMk. Manager. Staaiard rhtteJX, COTTON HIGHER ON PROFIT TAKING New York, Aug. 22.—The Sim snys: ‘TUp tendency to rally ws* still noticeable and nt the close prices were slightly higher for the day. Sentiment among many In th* trade. Including some of the more prom 1 ‘nent Interest*. Is still iHHirlsh. but rot he time tolng, nt any rate, there was uore disposition to recure profits than here was to Vngafge extensively In new enturea on The short side. Yet nt one line prices were lower, owing to heavy selling for Southern account through va- *r# houses nnd commission bouses. ». the receipt# of new cotton were loustou getting 8,989 new bale#, ii 6,702 and Now Orleans 93. The HU ITIlilllllllUIO IHIIimAr. fill, -rf, the whole, tho crop reports continued to tudb’ste s large yield, nnd this accounts cflne __ counted'for thb time, at . able crop prospects, nnd there was con siderable buying for the long account slnco yesterday liy prominent commission houses for Wall street nud outside nc- count. Room traders also bought for a turn, snd prominent stmt Interests were good buyer#.''—Olbertac Clay. •New Orleans, Aug. 22.—The Tlmea-Dem* ocrat: “Yesterday’# cotton market w## er ratic because or the conflict of profes sional opinion nt the moment made the talent think, but that was about nil. Kre long the .movement of n#w cotton will to large chough to bo counted among each day's Influences. Meanwhile, careful students of the staple are finable to mold n bearish argument out of the nhrencs of concrete crop mention In the govern rnent'a cotton region bulletin Aa o mat ter of fact, thero would now smut to to stnic reason for ri># beUe-f thnt tho crop sod the tenor of the weekly we#th#r rejiort# have ----- mony of d#tsll, sad that deterioration has iwen more pronounced In som* reetlons than generally •usjM*etcd. However, per* Ing the growth of the new movement. .. steady If not a reactionary market Is quite logical. Logically, the «pot mnrket haa not yet gone on tho bnals of new crop values because new crop eott»m hns not liegun to move In the New Orleans territory. This, of course, accounts for some of the discrepancy in spot aud option vnlu#*.”— Ware k inland. COTTON SEED OIL MARKET. New York. Aug. 22.—Tho market for cot ton seed oil w«# moderately active and steadier, Thera was #oa»e little commis sion house buying, nnd the pressure In *— active. There Is ursrby positions _ ued up, nltboir-* claiming thnt there S EXCESSIVE - III THEJORTHWEST Influence for a Firmer Open ing in the Wheat Market. CABLES WERE HIGHER The Canadian Crop Report ed Damaged Was Also a Bullish Help. By Private Leosed Wire. Chlago, Aug. 22.—Tbarc was a firmed opening in wheat today Influence/ chiefly by reports of excessive rains In the northwest and n forecast for more today, fables were 3-«d higher on reported damage to the Canadian crop and u Arm Winnipeg market. CHICAGO GRamTMARKET, Chicago grata and provisions quotatleat for today follow; Previous High. Iasw, Close, Close. 70% 73ft Hft *a . 43ft «M4 It I P ....... ....... 17.00 13.66 13.45 12.45 Open. WHEAT— fc m f <:ou:i-' 8 59 8ept - 48ft 4Sft ”>ee 4t% 44 ft S, Hept Jan.... 11.50 LAJItto Hept... 1.65 8.62‘A Oct.,.. 8.65 8.67ft 5 M Hept.. 8.97ft 3.97ft Get.,.. 8.70 8.72ft J “cA8lt ”\vffKAT- <m%. ■ PRIMARY MOVEMENT. ,Jph. ,—. .—... against 621.090 bushels Inst year: shlmnaiis slay 218,000 bushels, against 213,000 bush- s last rear. Corn—Receipts against 712.0T 8,60 7.82ft 3.92ft 8.67ft 7.20 8! 67 ft 7.82ft Kft LIVERPOOL GRAIN MARKET. NORTHWE8T CAR& Pexns auil litoral estimates of Uio cottoq .rop coutlnne to he the prlnrlpsl Influence against values. Tbs market at the eloev was firm, with prices up from the opening.—Were ft twlaud, ^ ^ August. ‘ September. ...... October. . November. ...... December. January Closed steady. Hales The following- figures giro the northwest ears today, last week aud last year: CHICAGO CAR LOTS. Today. Tomorrow. THE COFFEE MARKET. New fork. Aug. 22.—The opening of the coffee mnrket made rather n boor showing, considering thh favorable rubles, which did not fully respond to the Now York de cline of yesterday. Thin stability of tbs Muropesn market Appears singular. Inss- mnch ss n large share of th# recent aeli- Inf hare * KuropeaA ket Is not above n parltv. market for today was a* follows; Opening ]up January,. ,, .. February., .. ,, March * June.... .. July August Heptemtor Octolrrr.,., .... November., .. Deeemtor.. ,. Closed steady. .. ••IfrLio .. ..7.10-7.20 , ,...7.z0-7.m .. ..7.26-7,35 . ..7.35 7.36-7.46 7.45-740 . ..6,70-3,90 ......6 l<l , ..3.384,90 ,, ,.4.90 6.95 . ,. ,7.O)-7.06 Ttf-7.30 7.36-7.40 7.40-7.45 6.704.75 6.704.76 f. 104.85 181:8 Some demsnd for Canadian Pnelflc in the win crowd, bqt other stock# plentiful. Germany idaelng orders for Hmsltlug Iron nnd Coal In England. tombiii experts New \nrk to #ngtM gold next Monday, when 34,609,00 t»sr gofd will to offered tn the open market. State bank tncreoae* Its capital from 3100,- ooo to 31,000.000. lake competition causes reduction la ex port grain rate*. Twelve Industrials decreased .26 per cent. Twenty active rsllronda dreltaed 1.38 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 pahs of the world. TUOS. J, PEOPLES, Cashier. JAB. O. LEHTKH. Ass’t Cashlst. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUMTS INVITgO $100,000.00 $500,000.00 We invite accounts of individuals, coi-porations, Imnks and hankere and offer tho best terms consistent with conservative hanking. est at ths Rat# of 2 1-2 per