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THE ATLANTA GEORGIAN. EDITED BY ( __ ~ , K. Ur. t JOSEPH B lively^ THE GEORGIAN’S RECORD OF MARKETS AND FINANCE )■£■ [Jvc!y*a 25 years* experlcnrs editing markets In Atlanta and South has made him a rec- ogulzed authority to his specialty. response feeble TO BETTER CABLES First Prices of Session Were at Advances of Only Five Points. SOLD HIGHER LATER Profit Taking, Favorable Weather and Crop News Turned Prices Down. NEWS AND GOSSIP Of the Fleecy Staple. By Private loosed Wire. ^ New York, Aug. --’.—The cotton .market bad a poor opening In view of the cable*. First prices were 6 points higher. IJro- fessioiial trading predominated early In the •ession. nml It looked us though strong ef forts would be made to force n number of Mg accounts with weak margins to liqui date. and room traders again started the lumuiueut. The opening for cotton for future deliv ers in Now York was disappointing lu that, wlille an advance was noted. It was hot a full reftfiouse to the better advice* from Liverpool, both spot and futures lu that center being slightly better than due. As on yesterday, however, better prices followed the opening, the high point of the nr.'viniiK day lielug missed, from which level market turned downward, taking of The New York Herald, In Its review cf the cotton market last Saturday, says: •■Some Interests profess to have confi dence In a yield of, at least, 13,000,000 hales, while more couservatlrc estimators regard ].'.000,000 (mil's ns the maximum figure, and under the elrctimsfances It would swiii that a miraculously lino condition mast prevail from now on to give up a crop a million bales larger than the Inst •me. In order to raise 13,000,000 Hales from this season’s acreage. It means that every were must lie nicked and every acre produce ;») pounds, flow much likelihood there is fur anything of the kftid rnn he deter* mined bv comparing this season with that of two years ago, when the average yield was 223 pounds to the acre, and the cron Mialltlon throughout decidedly better. 1 spot con on "market. Atlanta, quiet nt 97-Hc. Now York, quiet at 10.10c. Liverpool, quiet nt 6.44d. Augusta, quiet at 9%c. Savannah, steady nt 9 3-16c. St. (mills, quiet nt 10c. ' Itnstnu, quiet nt 10.10c. Houston, steady nt 9%c. Baltimore, nominal at 10c. Galvcstou, quiet nt 9%c. Memphis quiet nt 9%c. Norfolk, steady nt »%c. LIVERPOOL COTTON MARKET. ^peculation and export 600; n ipts 100, nil American. Futures opened Steady. Opening 1’rerlous llange. Close. Close. August 5.15-5.17 6.14 5.11 A'igu*t-8ept 6.09-6.11 6.08 5.06 j.pt.Oct, 6.00-6.06 6.02 4.99 n- t.-Nov*. . . .6.00-5.0* 4.99*5.00 4.96 .Miv.-lJec 6.00-6.02 4.99-6.00 4.96 Hv.-Jan 6.01 6.00-5.01 4.97 Jnu.-Fcb 5.04-6.06 5.02 4.99 i .b .March 5.01-5.06 6.04 5.01 Mitrch-Aprll 8.06-5.0S 6.06-5.06 5.02-6.03 A irll May. . . . .5.08-5.00 5.07 5.03-6.(H t'toned quiet. TODAY'S PORT RECEIPT8. The following tabls shows receipts at th* ports today, compared with tbs same day last year: Private Wire to filbert ft Clay. .Aug. 22.—Liverpool opened up. Exported 4®5 up. Liverpool rabies: "Market has good un dertone; nothing offering, with improved de- maud from spluners." Carpenter. Maggot A: Co. say: “The fact m, .y. “P* overlooked that this short selling has been going on since Decent tier was selling at lie. so that, with all other thing* equal, the shorts have the advantage, and then* must lie some decided change Iwforc a bull campaign can I* conducted ivlth success, nml we favor operating from the short side.” Hick Ilros. ft Co. say: "Under the cir cumstances ami. on technical speculative ground* alone we can see how this market could Jump over a half refit a pound quite readily lief ore the end of the week, no matter what the expectation may he regarding the next bureau of the census report. Mitchell offered 500 January at 10.28; Weld took them. Weld brokers good buyers on opening. New Orleans. Aug. 21-Llverpool * high er is a shade better than expdeted. nn ad vance of 5 points being due, and Indicates a readiness to respond to any further mod* crate gains recorded In cIs-Atiuntlc umr* kefs. Liverpool cables: "Market has advanced In consequence of less favorable crop ac counts, reported serious damage by rains, and worms In Texas. Another cable says: "We thlnk-thnt 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 uioremeut some, hut doing no damage." Market Is quiet nut steady, the slight Improvement In opening prices seemluglv well maintained on scattered buying for a turn. Map shows widely scattered rains over belt, with cloudy weather Jti the western portion, and altefnnte clear and cloudy In eastern. Liverpool better than expected, and nu merous bullish cables moy cause n higher market at opening, although crop uews shows no falling off from the excellent tenor previously maintained. A dispatch from Branham, Wnshlnj county. Texas, says: "8howers have imi en ngnln here today, nml In some localities weevil* are reported as doing considerable damage. Some farmers say that the crop Is made now, but that conditions are not fnvdhible for the maturing of young bolls now In the plant, which, with favorable weather, would Increase the yield consld ernbly." _ Waco. Tex., wires: "Itnlns delayed open Ing, picking and marketing, hut no serlom. damage, although worms and weevils are doing some damage. Crop In Texas Is a big “UP. Greenville, S. C., wires: "Crop Green wood to Greenville spotted, but generally good. Weather continues Ideal, and crops Improving dally. Carolina ten days late. Private Wire to Ware ft Leland. New York, Aug. 22.—The market opened ateady 4 up. At 12:15 p. in., 9Q7 tip, and very steady. Sales 7,000 spots, 3 up nt 6.44d, Futures due to come about 4 uj „ . At 12:15 p. in., . very steady. Sales 7.000 spots, 3 up i "ntnres due to come about 4 up. Cotton opened dlsappointinffy. Weld brokers heavy buyers. Commission houses sold. Ing. too much rain In Georgia _nly cri ... There does not ibera to be enough buy- Ing power to sustain the market. May worked up a little more and forced short covering by weak shorts. Can see,nothing to buy cotton on, however. Schtll hninmerlng the cotton market and selling plenty of cotton. New Orleans, Aug. 22.—LIverpooLwas due 4425 un on Iwith markets, therefore, up to English future market was very The weather map shows very little rain over the cotton belt. Temperatures arc moderately high. THE WEATHER, LQCAL FORECAST. For Atlanta and Vicinity—Continued warm weather with scattered thunder showers to night nnd Thursday. WEATHER CONDITIONS. CHANGES SMALL : AT THE_OPENING Commission Houses and London Were Heavy Sellers Eai’Iy. CAUSED THE DECLINE RANGE OF NEW YORK STOCK MARKET rican Sugar Refining Atlantic Coast Line : Anaconda American Locomotive do, preferred American Smelting Rellulng do, preferred American Cotton OIL. Canadian Pa el tic.., Chicago nnd Northwestern Chesapeake and Ohio...'. Colorado Fuel aud lrou After First Few Minutes Quiet Buying Stead ied Prices'. By Private Leased Wire. Ne\y York. Aug. 22.—U wss difficult dur- ing the first two hour* of today's trading to distinguish any tendency nt nil lu the price movement. v For the entire morning^ the tide of speculation moved restlessly nnd fro. At intervals, creditable strength was shown; at other tlmea It ap peared that realising sales were sufficient to fill every bid of speculators anxious to renew the rise. Generally, the trading by roiu|Ntrisen with the previous days was more sulKluod, and the range of prices was much narrower. The feature of the morning wns Urent Northern preferred, which wns hid up violently 10 points “ u — its opeulng figures. Northern Pn- rose briskly lu sympathy, nnd the association which these stocks at present have In speculative calculations, with the movement lu steel shares, caused the latter to Ik* held very firmly on heavy declines. Elsewhere, net changes on the morning were generally small. The whole attitude of. the speculative community was one of profound uncer tainty. * •* e stock market opening changes for •art showed irregular fractional ’nlon Pacific opened off but General Klectrlc.. Illinois Central American Ice Securities Louisville mid Nashville Mexican Central Missouri Pacific New York. Ontario and Westert National Lead Northern Pacific New York Central Norfolk nml Western Pennsylruiiln 'People's Gas Pressed 8teel Car do. preferred the most pi changes, u , recovered Its loss. Declines ns .. ernged % to %. Amalgamated Copper open oil at a gain of *4 to 103%, then rose to 1<®%, ““ * principal topic of * The stock lutrlcct's principal topic of dis cussion Is of the Great Northern Houses that have been heavy buyers of Hill nnd Harrlmnn stocks, and also of the Steel shares say that an announcement In regard to the ore contract Is very close to nnd commission houses wen* heavy sellers of the list. The supply nnd pressure from these source* caused early declines ranging from small fractions to n point, but after the first few minutes there was quiet but persistent buying nil around the room. The LONDON STOCK MARKET. Illnols Central. Louisville and Nashville.. . Rending.. Pennsylvania Southern Pacific Union 1'nclflc United States Steel do, preferred The following table shows receipts nt the Interior towns today, compared with the Mine day last year: Houston. . Augusta. . Memphis. . st Unis, t'liielmmtl. Total. L- J- ANDERSON A CO.’S DAILY COTTON LETTER New York, Aup. 22.—Liverpool ngnln endeavored to raise the price of cotton ’111“ morning by opening steady nt an ad- van--,. „f f points, which advance was tnalntalned up to the 2 p. in. call. But New >nrk responded only feebly, and after nn * : >ny advance, prices again began to sag J'"-. Liverpool losing the biggest part of II* sain. Heavy rains wert* reported throughout the licit, but otherwise the news "f the day was featureless. Complaints y *>‘»>vll and shedding ar*» also reported «r»m »«une sections, hot the bulk of the inn>‘ mntinttes to believe that unless some ■wident overtakes the cron that the protn- •** f<»r a large yield. We believe, how- that even a large yield Is discounted • T prices nnd ns a rnnld change may jefiir .hiring the next mouth, we continue Jo Mleve It dangerous to sell short nt this ‘T'' 1 Cotton at Stye to the farmers Is -'iffig to flood the market unless a cer- t-ilmr ,,f 14.000,000 bales Is shown, nnd J'ct now that Is n decided uncertainty. THE DRY GOODS MARKET. slf** York, Ang. 22.— 1 The dry goods mar- JT,firm with sn active trade going "" »» the jobbing houses. A white goods wss the feature of the day's bust- iil.vr i an, J. J‘ torge volume of goods was Hi?* . * Hut cloths were firm, and some vlrv f,,: '^livery within thirty days were iffV"'™***- Cotton yarns were steady on r but weak on the coarse iC' r * A moderate business was doing. of 3.50-ynrd sheeting have id for Red Sea 'portal nn '- — — JtJi American east coast trade la "••^.-Glliert ft CUy. The decrease In nlr pressure has been gen- rnl during the past 24 hours, tiulte decided ever the Mississippi valley and the Month. Today the renter of highest barometer Is In Montana, where the pressuro Is only 30.00 Inches. Over the rest of the country the pressure Is low, tint nnd sluggish. The temperature has changed but little except In the upper lake region, where It Is somewhat cooler. In the last 24 hours showers have occurred In portions of Georgia, along the Atlantic const from Florida to Mulue, nlong the uorthern liorder of the United States and t n number of stations In the Rockies. The sluggish eastward drift of the atmos phere Is favorable for continued warm weather In thla section, with scattered thunder showers tonight ^nd^Thursday, * Section Director. WEATHER IN COTTON BELT. Texas—Tyler dear and warm. Dallas partly cloudy nml warm, lloustou partly cloudy nml pleasant. Fort Worth clou rained last night. San Antonio cloudy i warm. Texai Greenv..*. ... •.....> • —r, —- .•—, Longview .42: Lullng .42; Mexlo .02; Nacog doches .16: Paris .04; San Mnrcos .26; Shvr- limn .15; Taylor .M: Temple .08; Waco .20; Waxahatelite .90; Weatherford .36; Wharton .01; lluntMville, Galveston and San tonlo, trace. Mississippi—Ynioo city partly cloudy and hot. Notches clear and warm: tempera ture 85. Jackson clear and pleasant. Aber deen, New Albany nnd Tupelo clear nnd h< Abibnmn—Selma. Montgomery, Opelika ami Mobile dear nnd hot. Huntsville dear nml warm. WEATHER INJWHEAT BELT. Kxtreme Northwest—Partly cloudy; 36 to 84 above; general rains. Northwest—Cloudy; 54 to 69 nbore; gen- Pr Wesf and Southwest—Partly cloudy; 66 to 76 above; general rains In Illinois; local In ^Ohio 1 Valley—Partly cloudjr; 72 to 79 above; local rain*. WEATHER FORECAST. Georgia—Local rains Wednesday and Thnnuutv. light to fresh variable winds. Virginia. North Carolina. Month Carolina. Kastern and Western Florida-Local ralna Wednesday and Thursday; llglp Co fresh variable winds. ... ... Alabama. Mississippi, Louisiana and Texas—Generally fair Mednesdny and Thursday: light south winds. West Texas. New Mexico, Arlxona, Ten- nefloee. Kentucky and West Virginia-Lo cal rains, Wednesday nml Thursday. Arkansdo—Showers Wedmmlsy and Thura- rir, oKilsr Thurmlny. ' Indiana—Showers tonight or Thursday; cooler in north portion. . . Minnesota—Shower* tonight; cooler In southeast portion: Thursday |«rtly cloudy, with showers III cgst portion. Iowa—Showers nml cooler tonight; Thurs day showers; cm*l< ~ “ ** STOCKS AND BONDS. Savannah 5s. 1909. Macons 6s, 1910 Atlanta, 5s. 1911 Atlanta. 4Vi*. 1922 Atlanta 4s, 1934.. ...... Atlanta and West Point Atlanta and Went Point Debts..107 Central Railway of Georgia lat Income k Island do, preferred United States Rubber do, preferred Southern Pacific Southern Railway ...., do, preferred Rloss-Shefflebl ,, Tennessee Coal nml Iron Texas and Pacific Union 1’nclflc United States Steei do, preferred Western Uulou Wabash s».« do, preferred. Wisconsin Central do, preferred Total stock sains today 1.163.9U0 shares. NOTES OX GRAIN Pointer, on Provision,. Private Wire to Ware ft Lclnml. Chicago, Aug. 22:—Wheat opened .firm ou the advance In the Northwest, which, some think, was due to a little ran ou the part of shorts In September up there. Armour •old December here. ^ The tone of the wheat .market is distinctly changed from the past nvn days. Sales can only he made nt concessions. The undertone of wheat ha* gradually gnlued strength the (mat few days, and -'pea hold steady w *' the rnnrkct, some order. The pit crowd who on Monday were sell ing September wheat short at 70e are now going long of December around 75e. Don't see the logic of It. Oats Q]H>ued shade higher ou huylug by the pit crowd. Rnrtlett, Frasier ft Co, nrr now fulr sellers of May. Updike mm* sell I nr May. I filer-ocean; Vnudfiscu-Harrington, «l MlmieaiMiUs, says: "It Is too enrjy to esti mate tue/shrlukngi 1 of late crop III the Northwest, roust'd by bent. Rejmrts Mon day of (lainnge of lO.Ouu.OOO bushels on count of hot weather seetu to be very treme from Inter reports. There was doubtedly some shrinkage. Weather north uow Im good." As to Nebraska corn, Fremont wires: "Samples of growing corn coming to the of fice yesterday ami today show they are best we ever had at this time. Kernel: between uillk aud dough, eara are fill _ .. tip nud very heavy. With continuation of warm weather aud no frost or rain for two weeks the hulk of our corn crop Is made." blither prices. Ret ter demand for oats. We thluk wheat an excellent purchase. elevator concerns, which gave, the Decemhr In return nt a premium of %c |»er bushel for the latter. Small holdings of Meptetulier have been pretty well liquidated during tho rimtlnucd decllua of 16c per bushel. The ac tual grain Is now In strong lutml*. Sales of cash grain In Chicago 46,000 wheat, 129,009 corn and 170,000 oats. ".Seaboard sales 104.000 wheat. 29.000 corn nnd 75.000 oats. One firm yesterday bought 49.000 bushels coru, the largest purchase lu RANGE OF THE COTTON MARKET AT NEW YORK. The following la the nuige ures In New York today: Dec. , . Jan. . . Feb. . . March. . 9.0506 9.11-13 9.16-16 8.80-M 8.91-92 9.0H-09 9.18*15 9.17 9.25-26 Closed barely steady. AT NEW ORLEANS. Dec Jan Feb March. . . . 9.66-631 0.60-60 9.16* . 916-17 9.10-11 9.11-12 9.12 13 9.12-13 9.12-13 9.13-14 9.18-19 9.19-20 9.21-23 9.22-23 9.28-29 9.29-ffl TIPS FLASHED From Wall Street Private Mire to Glhert ft Clay. New York, Aug. 22.—Marshall, Spader ft Co.: "While money rates inny lie the su preme dominating Influence today, and re ports concerning the possibility of gold Im ... --- looked for, fur the deal nud report* that Union Pa cific holdings of Investment securities may bass Into the hands of a syndicate on val* do! 3d income.. .. . Georgia.... Augusta nnd Savannah. Month western.. Georgia Pacific lsts.. .. C., C. and A. lsts.. . ..265 . .115 ..116 ..120 ..112 COTTON REGION BULLETIN. For the 24 hours ending at 8 a. m., 75th meridian time. August 22. 1908. STATIONS OT ATLANTA DISTRICT. , - -ast porth Missouri—Showers tonight r, Ki'n«.i«'‘"na'l&uth IJnkol,—Wiower, nn'! Thursday; GIBERT & Ci-AY " *- ALABAMA BT. ATOCKB. BONDS. COTTON. GRAIN, COFFEE, PROVISION* MEMBERS: ATLANTA. OA. : Sis SS 5SB»«8 i Prlv'ntr WlrM to nil EncMnrM. ***•! *nd Lena DiiUne. Tel.phon, 52M. W. n. FAGAN, Mnn,n,r. clear. . ooga, cl Columbus, clear. Gainesville, dear. Greenville, dear. . Griffin, dear. . . •Macon, dear. . . Moiitlcollo, dear. , Ncwnau, dear. . . Rome. dear. . . . Spartanburg, dear. Tallnpoosn, clear. Toe-eon. clear. . . West Point, clear ” •Minimum temperatures are lor the 12- hour period ending at 8 a. ra. this date. HEAVY RAINFALLS. Macon, tin.. BlnckvIHe, S. C Americas, Un.. .. •• Milieu, Go » Qultmnn. Ga Tallahassee, FI*.. Ht. George, 8. C.. . Florence, 8. C.. .. Weldon. N. C Max. Min. a.4 §11 S*1 ..2.21 ..2.84 CENTRAL HT AT 10 S. i Atlanta Angnsta. .... Charleston. . . • Galveston. . . . Little Rock. . . Memphis Mobile Montgomery. . . New Orleans. . Oklahoma. . . . Savannah. . . . Vicksburg. . . . Wilmington ■ T Indicates Inappreciable ralafalL REMARKS. Slightly higher tern |k> rat ures were report ed la most of the western and southern dis tricts. Rains occurred In all except the Mo bile district. The nimmnts t were heavy at points In Georgia, North nnd South Carolina Mat. Averages. 111 or nations exceeding $100,000,000. The question of gold Imitorta become* Imimrtant In view of the narrow margin of surplus resmvtive- ly held by the banks, nml the kind of re- g to be effective should nssutnc very rtant proportions. Meantime, the ouly i you have fo these developments Is jctlon of the market, which may have to endure a further selling uioremeut this morning lieforc the right slud of support would* logically appear. We expect to aee the metnls and steel stocks supimrtcd; also the coalers." Dnnld Odell ft Co.: "Market inuy dis play further weakness today, hut think good stocks like Atchison, Southern Pacific, nt. Pnni nml Norfolk, will then lie good purchases. There was good buying lu these Issues yesterday." Think Pennsylvania and Union Pacific will advance. The New York Financial Bureau anys: "Discriminating purchases, especially ou weakness today, will, wa hnve reasons for believing, give good retnrns later, although bearish operations may be expected lu con- WARE & LELAND’S DAILY COTTON LETTER New lork, Aug. 22.—The Irregular char acter of the cotton market Is not difficult to explain In view of the exteuslvo da* ellne that has recently taken place In the effort of a large short Interest to cover cotton without causing much of an advance In prices and the exceptionally favorable tenor of by far the greater |w»ro»*ntagt* of crop accounts nt band from the Soutn. Geprntlon* nre on n more restricted scale, owing to the uncertainty nml the feeling that the market may be In for a i of afvwio points on no oversold tt condition. Beyond this, there seems to he no radical change In the position, and sen timent continues l»earlsh. ns a result or the progress of the cotton crop. It Is stll early Jn the season, and ns cotton has not sold at 9c In some time, nnd tho world's dry goods trade 1* in a profitable condition, ths buying by spinners nud tho trade gen erally nt present prices Is not surprising. In fnct. It Is the part of wisdom for spinners needing n large quantity of *oii the coming season to fay In a poi of the stock nt present prices. This ...... port has operated In favor of steadiness * many larger traders nre now oth buy and sell at the curron . ... The market seems to be In a reactionary mood, hut on nny advance, the South fs likely to lieglu selling ngnln, and, of course, Inducement* for the trade to buy now no theftblf would Ik* altseut of* a rise. II looks ns though we would have a good trading market for somo time to come. X .‘engthenlng s desired, now that a good weight of has taken „ m ~, r - r ._ r . storks. That there lias lieeii distribution of stocks Is plain to u*„ hut that the hulk yet reninins In Inside hands Is also manifest. announced from .time to furnish plenty of bullish expect to see hanklag support ngnlust too aggressive raiding today, and If good stocks have already been Iwmgbt ou the recession we Iwlleve they should bo averaged confi dently on fnrtber declines, which ar* likely to Ih* hut temporary. It will probably l>« found that n recovery will be led by spe cialties, and these may tie found among low-priced Issues which take leas money to move af»d are ausccptlble to a wide public Intereat because of the greater safety. * “ • fju .... rarity? during which period a aSort Interest frill be built Up In anticipation of Improve ment later on. A conservative bull position will, we firmly believe, give good reaults." down. renctloua'rnn be*looked for, although the market will l»e extremely Irregular. There Is a renewal of talk feinting to United States Steel taking over Fuel, bat do not attach any Importance to It. On sharp declines, believe the good Blocks rnn be I .ought, sndwonld favor Steel. Amalgamated Copper. Norfolk, CM* npenXe and Ohio, Erie and the low-priced ^Tnik la atlll bullish on Hnrriman Padflca and IIIU issues. . .. It Is reported from good quarters that unwnril of 10 point*. Too tlntoo faettoa I, — *—*—• la—iIHb* *he movement. bond of tbla THE SUGAR MARKET. Bjr Prtvnto Wlro. Now York. All*. 22.—Siaor, rollnod and row, onoli«n«od. fomfon lioot marbof ■toodr; Aojti,t 9» 2VI; H.TI«ibor h »l. GIBERT & CLAT 8 DAILY COTTON LETTER. No* Orloana. Aui. a.-Karl/ l.!»,fpwd entdoa wore dUtlnrtl) bulllfh oil new, of a lea. faroralile ebnraoier raararnlnc «*» or.')', which aontlinont optloaa earlier fulljr reff™-led. hot Inter loat wbeu tb.i larao short Interest Iterame wore thoroughly li quidated, final prices tielng 3 points over yesterday's clone. Spot sales amounted to I..II.A will, -- - - affair, aoraijr Influence of n more geuerul outside Inter est, Under existing circumstances, the more professional elements are not dined to aid tho market either one or the other, the l»el!ef prevailing a sharp advaueo would not lx» In keeping with the favorableiiess of crop nows*, while, oti the other hand, the recent de™ cllus bus l>een so thorough that consid erable difficulty would. In qll probability, be experienced should nn attempt lie mndr to force values lower. Under the sur face, however, there Re* Important fac tor* directly and Indirectly lies 1 the cotton market, nnd which. ... _ _ proper time, will undoubtedly exert their pro|Nirtlon of Influence. First, tho free movement of enrly cotton, which seems to portend sufficient supplies nnd the early undoing of hedges agnlnat spot commit- incuts. Secondly, the recent questionable Inflation of vnlues In the stock market may nt the time of Its realisation. Increase lM>nrisU sentiment, and In opposition tbi fear that nn over-hnrdensome short In terest may result In canning a further re- ttctloti from Io\v^lc^i1e^cc»MiGv^*bjcrvcd, SOUTHERN EXCHANGE Oldeit Eittnbllflhod Office South. COTTOI—STOCK—SOROS—CRAIN around Floor Onuld Building. Daily market letter nnd market manual mailed on appll-ailon. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, CHAIN Correspondent's Capital $250,000 ncFcncNce, the neal dank PHONE 1417. PRUDENTIAL BLOC ht; Tharmlny partly cUnulr. ;ot«—8bower» tonight; cooler In utb portion; Thursday fair nml Ightly wanner. Mont.nun—Partly clowly tonight; *h*»wern In* east portion; Thursday fair and slight ly warmer* cooler tonight; Tharnday N«ml» Dakota cost and w»uth -lightly warmer. Ktn Oritaas. WARE A LELAND COTTON, GRAIN, PROVISIONS, STOCKS, BONDS, H». 2 Wall St., Paten Bsllding. Atlanta. Ca. Chicago Beard at Trada. OflM„, CkU*,.. tell Pboae 1292. i Coffer [ichaage. 78*. Maaaafi. Standard PhaaalOL COTTON HIGHER ON PROFIT TAKING w York, Aug. 22.—The Ann anys: "The onoy to rally was still noticeable and at the close prices were slightly higher for the dny. Sentiment among tunny lu the trade. Including some of the more prom inent Interests, Is still bearish, but for the time being, nt nuy rate, there wn» wiling for Houthern account through ... rlons wire house* and commission house*. Then, too. the receipts of new rottou were heavy, Houston gettiug 8.989 new bales. hnve roused considerable damage. But. on the whole, the crop report* continued to indicate a large yield, and this accounts for the bearish sentiment prevalent al most everywhere. Yet the recent sharp de cline Is believed by ninny to have dis counted for the tliuo, at least, the favor able crop prospect*, and there was con siderable baying for the long account alnce yesterday by prominent conimi**ion house* for Wall afreet nud ontnlde nc* good buyer*."—Glhert ft Clay. ratie because of the conflict of nrufc*. slonnl opinion nt the moment made the talent think, hut that wa* about nil. Ere long the movement of new cotton will Im* largo enough to be eonoted among each day’* InnuencM. Meanwhile, careful student* of the staple nre unable to mold a tH'arlih argument out of the absence of concrete crop mention in the govern ment's cotton region bulletin As n mat ter of fact, there would now sue in to be sgnn* reason for' tit* belief that the crop and the tenor of the government's weekly weather reports hnve lacked har ing th _ fogfrai. ^Logically, the spot market I ret gone on tho basis of new crop Jw'cnuse new crop cotton has not begun to move In the New Orleans territory. This, of course, arcounta for some of the it Ur,A I - nt 71% IC...„ 74% HLw:; Open. WnKAV- Hept.. Dec... May..... (OUN- Sopt 4SU Dec 44% May 46% OATH— Hcpt IHm* May l'ORK- Hept .Inn.... 1.1.10 LAUD— Hept... 1.56. High. 71% 71H s;i iilii" m HIDES— Hept.. 8.97% 1.97% Oct.... 8.70 8.72% Jan.... 7.22% 7,25 CASH AVIiBAT- 8.99 * 8.96 7.82% 8.60 8.67% 7.82% 8.95 8.9) 7.D ©70%. PRIMARY V10VEMENT. movement of wheat Whent—Receipt* todny 638.000 bushels, ngnlust 621.000 bushel* last-year; shlnmcik* today 218.000 bushels, ngnlust 816,000 Dtieii- el» hint year. e Corn—Uneelnta today 632,000 bushels, against 713.000 bushels Inst year; *hlnnt<*nf« today 400,000 bushels, sgalnst 450,000 fmshuls Inst year. COTTON 8EED OIL MARKET. New York. Aug. 22.—The market for cot- ton seed oil was moderately active nnd steadier. There wa* some ll»tie commis sion house buying, anil the pressure In Heptemlwr was much less active. There Is a general feeling that the nearby position* tem1s»r. The recent tvenkiie** In futunts has unsettled the market for crude. Re P »rt* of favorable crop dcreloiimcfita In rxn* nud liberal estimates of the cotton crop roRtlnue to Im* the principal Influence against values. The market at the close was firm, with prices *,;##%« up from the oj'CijlDg.-Wsre ft J/cloud. Opcnli August . 2t-v*s Hcptemlier. 3l%6l Oetoltcr. . , November. , December. . January. Closed* steady! Hairs 800 LIVERPOOL GRAIN MARKET. Whent-T-Opened %Q%c higher: st 1:39 p. u. %o higher; closed nt higher. Corn—Opened unclinugiMl; nt 1:30 p. m. %c higher, and cloned %<?%c higher. NORTHWEST CARS. CHICAGO CAR LOT8. Today. Tomorrow.' Phrnt « 10 »ru 76 ill nts 131 r>4 logs.. 25003 THE COFFEE MARKET. New York. Aug. 22.—The opening of ths coffee market made rather a poor showing, considering the favorable cables, which dl«f not fully respond to tho New York de. clliic of yesterday, Thlv stability of the European market appears singular, inns, much as a large share of the recent self, tug here Is supposed to bars been fur European account, and ns the local mar ket Is not above a 'parity, the reverse tielng the rose.—GUwrt ft Clay. Opening range ami close «r «»*•* Vnrk coffee market for todny January.. . February.. March.. .. April May June July August.. .. Hepfembcr.. ( »!.«•! Kan ..7.9i . ..728 785 . ..7.86 ...7.35-7.46 ,...7.45-7.60 . . ,6.70-6.90 ABO . ,.6.8541.99 . 6.i* .. .7.00-7.00 Det otter November Denmlter t'lesed steady. 7.00-7 7.66-7.IS 7.1S-T.2U 7.40-7.» 6.70- 4.7S 6.70- 4.76 6.80-4.L', 6.90-4.95 6.96-7.00 Rome demand for Canadian Forlfle in th* loan crowd, bnt other stocks plentiful. Germany placing orders for 8m nnd ('oat In England. lerndon expect* Now York to engage gold next MimtUy, when I4.6OM0 bar g»dd will citing iron 099 to 11,090,000. I/Ake competition muses reduction In **. port grain rates. Twelve liidustrlnls decrenset! .36 per cent. Twenty active railroads declined 1.38 per relit. 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. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNT, INVITEO $209,000.00 $500,000.00 •JO We invite accounts of individuals, corporations, banks and bankers and offer the best terms consistent with conservative banking. In our Savings Department w# allow Interest at the Hate of 31-2 per . cent Compounded Suml-AnmioHy IN THE NORTHWEST \ i ' Influence for a Firmer Open ing in the Wheat Market. CABLES WERE’HIGHER The Canadian Crop Report ed Damaged Was Als.o a Bullish Help. By rrirntu Leased Wire. Chfngo, Aug. 33.—There wo* a firtnep opening In wheat today influence/ chiefly by reports of ex< eaalve rain* In the northwest and a forecast for more today. Cable* were 3-8d higher on reported damage to the Canadian crop and a firm Winnipeg market. CHICAGO GRAhTmARKET, '