Newspaper Page Text
JOSEPH B. LIVELY
( Mr. LI
l THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
.Irely'i 25 years* etporlenee
edltlnc markets In Atlanta sad
South has made him a rec
ognised authority in his specialty.
AT TJ_ OPENING
Initial Prices Were Lower
With Selling Orders
from All Quarters.
NEWS AND GOSSIP
Of the Fleecy Staple.
LIVERWOOL WAS WEAK
Smash in That Market Pre
cipitated the Break in
America'h Markets.
at the opening of the
market amt prices were weak. Im-
liatelv after the start, -however, there
n slight rally. The break was precip
itated bv the smash in the market at Liv
erpool, where it was understood some
heavy selling had been done by recent
bulls here. Wire and commission houses,
ll( well as Wall street, sold a lot of cot*
[on around the opening.
The Liverpool market wont to pieces
this morning and New York followed suit.
Snot In Liverpool, on sales-of 5,000 bales,
jtji* quoted 10 points lower, while fu
tures nt the close were 8@10 points lower,
declines representing 16®20 American
whl<li Induced heavy selling at the open-
decline was renewed, to he followed
iitfln bv covering, on some unfavorable
?r»p nevrs from Texas, and an hdvnuce of
a few points.
A dispatch from Beeville, nee county,
Texas, says: “A heavy two days' rain has
n-eatlv retarded cotton picking nnd Is do
ing considerable damage to the staple. All
rins In the county lyo overcrowded and
running over time.*'
Tnvlor. Tex., wires: “What promises
,.i be the greatest menace to tho cotton
crop here now are the frequent showers
flint have been falling today, and the pros
pects are for n continuance. Many cotton
ph-kers are arriving, and more will come
during the week. Picking will be on In
earnest this week If the rains will cease.'*-
Receipts of new cotton continue on n
liberal scale. New Or|.*nns receiving 3. Gal-
veston 4,236—all* of the .day's rccelpta-
llouston 4,048. and Memphis 1.
Houston expects tomorrow 6,000 to 6,500
>abs, against 3,600 last year.
SPOT con ON MARKET.
).80c.
New Orleans, quiet at 9Ht*.
Liverpool, steady at 6.34d.
Savannah, quiet at 9 l-16e.
St. Iuls, quiet at 10c.
Houston, steady at 9**e.
Heston, quiet at 10.10c.
Memphis, quiet at WlC.
iialtiSSSfS,' '/lomliiftf aL9H(*.
A Co. say:
Private Wire to Giliert A Clay.
New York. Aug. 23.—Liverpool opened
6 down on near and 4©5 down on spring
months, nos due unchanged.
Liverpool says: “Cause of weakness
here is some actual, some bear selling nml
some local re-selllng, 1 anight In antlelpo-
1,0,1 . n .reaction. The market exhibits
very little iMiying power. Crop accouuts fu
vorable."
^August 31 will be first September notice
C'arnenter, Baggot
feel bearish atul Tut.. .
ultimately lower prices, hut In the narrow-
ness of this market we think It Is but good
busluess caution to put out small lines on
any ndvaiice until your position is assured,
when increased commitments esn he made
with satisfactory results, as those flgui
look to us far from the bottom, but 1
top we can not nnme." /
Dick Bros, sold considerable of their cot*
tou this morning.
As long as good weather continues, mar
ket will decllno for lack of friends, but
would much rather buy it than sell it.
Ing
more
The mvoraoieness or ine map, comomeu
with a weak Liverpool, will doubtless have
their effect on openin' —*—
New Orleans, Aug.
down Is very rotten. An unchanged mar
ket was due.
The market looks very weak, despite the
considerable shrinkage of values —
S, liml the only support co
covering. Bear aggress! r .
Ilicking, otherwise lower prices would prob
ably he in order.
The western forecast Is for generally fair
tonight and tomorrow for Louisiana. For
the balance, partly cloudy weather, with
Private Wire to Ware A Leland.
New York, Aug. 23.—Futures opened
qntet 2®3 down. At 12:15 p. m., 6 down
nml quiet. 8ales 5,000 spots; 10 down nt
5.34. Futures due to come about un
changed.
Weld, who had long con
ton, sold out large blocks yt
jtlll think market will go lower, aud ad
vise sales. Do not look for much of
rally.
Market opened heavy and demoralised.
Every one wanted to sell cotton. Practi
cally no buying power. New Orleans and
Liverpool heavy sellern here. Market Is
certainly not strong, and think It lionnd
for lower prices. Advise sales.
New Orleans. Aug. 23.—Cables are sen
nationally bearish. They were due about
unchanged on both. At 12:15 n. m.. they
are 6ft8 down. Offlcinl reports call the
spot business small on a decline of 10
points for American middling. f
The weather map Indicates very little
rain over the cotton belt. Temperatures
are rather high.
THE WEATHER.
LOCAL FORECAST.
For Atlanta and Vicinity—The weather
tonight and Friday will be unsettled, with
showers.
WEATHER IN COTTON BELT.
Wlluilugton, nominal.
LIVERPOOL COTTON MARKET.,
Liverpool. Auk.
__ 12:16 p. m.—Cotton,
iiii-in'ot, «tn«li. with prtrM easier;
niliiailijK uptonUj. S.Mdi Mto, 6,000, Aniori;
Not. .
Dec. , -
iKt-.-Jau. . ,
Jail.-Fell. , ,
Kelt. March. .
Miirch April. .
Aj-ril-Muy. . .
Closed easy.
idling uplands, o.-hu; snie* *,«»!
4.500; speculation and export 500; re-
•hits 7.000; American 5,700.
vmumi l-rarlou.
Usage. • Ulna#. Close
Ugust 6.12-5.08 6.04-5.06 6.14
usu.t-8.pt, . . .5.06-6.M 4.W-S.00 LOS
* •»* - - ,6.00-4.96 4.93
.4.98-4.94 4.91
..4.98-4.94 4.91
.4.99-5.00 4.92
..5.0K496 4.93
.6.02-5.00 L96-4.97 5.05-5:06
..6.03 4.96-4.97 6.07
4.99 3.00
4.99-6.00
5.00-5.01
5.02 B
TODAY’S PORT RECEIPT8.
The following table shows receipts)it the
ports today, compared with the same day
last year:
Minntmb. . .
Charleston. .
Ktirfolk. . .
Baltimore. ,
1906
INTERIOR MOVEMEh 1 ’
Thp following table showe i
Hi
CIBERT A CLAY 8
DAILY COTTON LETTER.
say tlie least. Very favorable
v.V " rvv " was the Incentive for the heavy
S5 ln « 'hat lasted during the day. and
Mug no supports options closed easy
■t a In8* of from giw points, while spot
R8D«fl,-t!i mi were 6,000 bales 10 points low-
I***»l.it«* the considerable loss record-
f? ,n 'nines abroad, the market’s open-
i n f *»* very quiet, the trade evidently
filstek by the swift developments In
l"»“i. No serious attempt at any,
"a* made to recover the decline,
n,l| v Improvement noted emanating
support furnished by satisfied shorts.
- i?" *»• the weather remains fn-
orni,|,. „ re jhnre any hopes .existing for
« niarwr l Iniprovement from the new low
f.LT * .““fnbushed, and yet there are n
t * * rll, ‘"rl*e thnt the weather having
n, ” "" uniformly excellent; these condl-
K,,' in not Inst Indefinitely, and thnt
JfMws.s Hhouhr be mad** tit nntlclpntbm
11 n f' 1 vorable circumstance. Bnt the
tbr n iv» r * m, l**ne to adhere to the belief
b< kir, . n, '.h '**y of average weather and
anrkl, Uu ‘ ‘‘'ng-expected crop scare, the
»nl o . Bosltlou tieeiHnes nil the weaker
*t stlipwill Ira viewed
levels.
Jtm
I Texas—Houston and Tyler clear and
I warm. Dallas partly cloudy and warm.
I Fort Worth partly cloudy • -
, Mississippi—Jackr* —
nml warm. Yasoo
II b-sburg clear and hot
I Alabama—Blrmlnghair.
ely and Opelika, clear and
clear and very hot.
Georgia—Atlanta clear and warm, rain
lost night. Columbua clear and hot.
WEATHER llTwHEAT BELT.
Extreme Northwest—Generally cloudy
to 62 above.
Northwest—Cloudy; 62 to 58 above; gen
eral rains; now raining at Huron.
West and Southwest—Partly cloudy; 66
to 78 above; general r/tlns in Nebraska;
heavy tn Kansas City.
Ohio Valley—Clear and continued warm;
72*to 76 above; light scattered showers.
WEATHER FORECA8T.
Florida-Local
Friday.
Wisconsin—Showera tonight; cooler In the
south portion Friday; partly cloudy and
showera.
South Minnesota-Cloudy tonight.
Iown—Showers and cooler tonight; Friday
portly cloudy; showers and cooler In east.
Missouri—Showers and cooler tonight; Fri
day. showers with cooler In east.
Kansas nml Nebraska—Showers tonight;
cooler tomorrow.
WEATHER CONDITIONS.
The northwestern area of high barometer
has pushed, southeast during the last 24
hours ami now' covers Montana, Wyoming
and North Dakota, central near V"
Mont. The center of lowest pi_
over southwest Knusas. Over the eastern
half of the mar the pressure orntlnues low
and flat. As a result of existing conditions,
the weather Is generally cloudy, with rain
falling at Huron. H. D., Kansas City, Mo.,
Wllmlngtou. N. C\, nml Savannah. Go.
Until has fallen over most of the eonntry
:ist of the Rocky Mountains In the last 24
hours. The following stations report one
Inch or more-of rain In the twist 24 hours:
KnnSAs City 5.95. El I’nsn 2.44, Savannah
1.38, Augusta 1.26, Eastman 3.16, Greenwood,
8. C„ 2.10.
The tern
stationary
The con
and showers Ilk this section tonight nml Fri
day.
J. B. MARBURY.
Section Director.
e tempera tore has remained practically
unary over, most of the country.
i» conditions favor tiimeftled weather
L. J. ANDERSON A CO.’S
DAILY COTTON LETTER
»w York. Aug. 23.—Liverpool gnve
ylrady who ever thought of Mug a
bull n black eye this morning, losing 8fi9
poiuts during the day's session. This
weakness In the foreign market sent prices
down 12019 points on the openlg In New
York. Those who had Itought yesterday
in the Iioih* of getting a short rally, rush
ed In to sell, nml prices ran off In a
few minutes nlmut 19 imlnts further.
After tin* opening weakness, the market
rallied a few poiuts on short covering and
itccauie very dull. Weather news from
the licit showed un material chauge, and
crop estlmtnea continue to range high.
Prices will prolwbly continue nervous for
»ome little time to eonie until something
af a decisive character occurs one way or
the other as regards the growing crop.
THE DRY GOODS MARKET.
moment in domestics. Knit gisnls sold
„ell for fall and spring delivery, although
most of the lending Hues are nlrenuy sold
of 1997.
GIBERT & CLAY
* *• ALABAMA I
£
Stock Bxehani
xori Cotton Esctuini
'«>rk Coffes ExcSaSl
STOCKS. BONOS,
COTTON, CRAIN.
COFFEE. PROVISIONS
MEMBERS
ATLANTA. OA.
Private WtfM to .11 Eicktnm
•nd Long Dl.Unc. Tdtphone S298. W. H. FAOAN, M«n,o«r.
Heaviest Transactions
Harriman Stocks and
Steel Common.
SELLING WAS HEAVY;
Strong Inside Interests Ab
sorbed the Offerings.
* London a Buyer.
New York, Aug. 23.—This morning's mar
ket moved under the conflicting Influences
of hardening money on the one hand and
eueral feeling on the other that the specu-
position had been considerably
i»y
G eneral feeling on tin
itlve position had
strengthened by the reaction of yesterday
and the day before. In liomlon prices for
the American list were up liefore our open
ing V4 point to l point, and the local market
under this encouragement started off with
a rush. Great Northern preferred*repented
its spectacular rise of yesterday, nml In
United States Steel the Initial sales were
advanced to Vt point or . .. „„
a like amount, and for the rest of the
... for the rise. But after the first
half hour the pressure of realising sales
slackened, and the whole list presented a
very firm appearance. At mid-day, save for
some upblddlng of the Copper shares, the
market was quieter than It nns ben at any
time since the Union .Pacific illvidend dec
laration n week ago.
The stock market opened st general
sharp advances. Union Pacific opened l%c
higher, Ht. Paul up 1 and Amalgamated
Copper %c. Anaconda started 4 points
higher. Great Northern preferred 8 points,
Steel preferred ami Norfolk and Western
preferred gntned He. Steel eotnmon galu-
ed He and Northern Pacific 3He. •
The heaviest transactions thus fsr were
In the Harriman stocks and Steel common.
One group of brokers sold fully HXE000
shares of Southern Pacific and Union Pa
cific. This selling, which was only a part
of the large blocks supplied, was assumed
by the room to be for strong Insble In
terests. There Is reason to believe that
most of the selling came from the lead
ing members of tho prominent bear party
that was active In forcing sharp declines
early In July, and that the orders were
given out In such a war as to conceal their
real sources. 8trong, Sturgis A Co. were
the heaviest buyers of Steel, taking 25,000
shares.
Other stocks. Including the Harriman
shares, were taken persistently on scat
tered orders, hut this scattered buying
was Urge enough not only to absorb the
heavy supply noted on 4he decline, but to
take all the other orders on a later mate
rial advance. London bought 40,000 shares
on balance today.
Governments were unchanged.
Other bonds firm and active.
LONDON 8TOCK MARKET.
|2 pin
Anaconda ..
AtOilson
'niutdlmt Pacific.. ,. ,. ..
Chic., Mil. and St. ran!....
Louisville and Nashville'.
Southern Pacific.,
union Pacific., . .
United States Steel.,
do, preferred.. ..
RANGE. OF NEW YORK STOCK MARKET
Amalgamated Copper......
American Sugar Refining.
Atlautic Coast Llue
Anaconda
American . Locomotive.,..
_ do. preferred
American Sineltlng Refining.....
4 do, preferred
Atchison
America.
Baltimore and Ohio..
Chesapeake and Ohio,.
_____ St. Paul
Delaware and Hudson
Distiller’s Securities
<X\ pr‘eferriHl..V...Y.'.V."..V.*.V. , .V.V.!V.'....V!!!!!!!!!!;!
Louisville and ..
Mexican Central
Missouri Tactile
New York, Ontario and Western
National Lend
Northern Pacific
New York Central
Norfolk and Western
Pennsylvania
People's Gss
Pressed Steel Car
do, preferred
Pacific Mall
Reading
Republic Steel..,
Rock Island
do, preferred
Uulted States Rubber .....
do, preferred.'.
Southern Pacific
Southern Hallway
do, preferred....
Sloss-Sheffleld «...
Tennessee Coal mid Iron ..«..T.~,.........
Texas and Pacific
Union Pacific
United States Steel
do, preferred
Virginia-Carol I nil Chemical
preferred
ti Union .p
do, preferred
Total stock sale# today 1,354,406 shares.
RANGE OF THE COTTON MARKET
NEW
Aug
Sept
Oct
Dec. . ! . .
f>"'. ;;
March. .
2%
S. 66-67
8/69-71
8.86-86
8.91-93
8.98-99
943-15
9.17-19
AT NEW ORLEAN8.
« «»
Oalei
tures lu New Oaleaus today:
Oct. . .
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March. .
9.01-92
9.06-07
t.12-13
9.16
9.10-11
9.18-19
9.18-19
9.21-23
9.28,34
Closed steady.
m
COTTON REGION BULLETIN.
For tbs 24 nonra ending at 8 a. m., 7ltb
meridian time, Angnst 23, 1906.
STATIONS OF
'Atlanta, clear. . .
•Chattanooga, clear.
Columbus, p. cloudy..
Gainesville, cloudy. .
Greenville, cloudy. .
Griffin, cloudy. . . .
•Mnoou, cloudy. . . .
"Montlcollo, cloudy.
Xewnnu, cloudy. . . .
Rome, clear
Spartanburg, cloudy.
'CnllntuMkCil- pl(*nr. . .
Tallapoosa, clear.
Tooeoii, cloudy
West Point, clear. . . .
j Jl i .116
71 I T
Minimum U'mperntato, art* for tb» W-
hour period ending nt 8 a. ra. this date.
*-•* -* wl late (wire trouble};
averages.
HEAV\ RAINFALLS.
Greenwood. 8. C
Kastman, Ga
its
Dlst. Averages.
,92
Charleston. . .
Galveston. . , .
Ittlo Rock. . .
ilempbis
d ohtle
Montgomery. . .
New Orleans. .
Oklahoma. . . .
Savannah. . . .
Vicksburg. . . .
Wilmington. . .
it Indicates fn
REMARKS.
The maximum temperatures continue
high. the.average for the New Orleans dls-
rlct being 98. Little or no rain fell In the
MeuiphK Mobile, New Orleans and Okla-
Heavy rains occurred at
d Eastman, On.
J. B. MAItliLUY.
iji
hi
70
THE COFFEE MARKET.
New York, Aug. 23.—In , responso
steady European cabtes and a private cable
from Prados. Chaves A Co., saying that
tho weather In Brazil is too dry, that there
are no indications of tho first flowering,
and thnt tho trees look exhausted,' the
local market opened nt a partial advance
of 5 points, but there was no bull support
of consequence lit the market. Business
was moderately active, but largely In the
a possible rather than an active
influence, fears of depression through tho
evening up of the September option Is
again becoming n factor. It should be re
membered. however, thnt the switching
from September was heart before tho re
cent advance In prices, and that during tho
upward movement a good deal of switch
ing nnd outright liquidation was accom
plished, so that the September long Inter
est may not be hsnvr enough to do any
damage. Meanwhile, however, the primary
news seems fo be dlscouraglug tho rcceut
buyers.—Ware A l.dnnd.
ig nnd
ket
mm..
Following woa the opening
►se of the *’— " ' ~ “
NOTES ON GRAIN
Pointers on Provisions.
Chicago. Aug. 23.—Cables lower, reflect
ing our decllue yesterday. No Indications
of any large export trade, . ... ..
a moderate business is being worked dully.
Our advices ludicate altogether too. much
rain in the Canadian northwest. At this
level of 'prices, do not see where the bears
hare any encouragement for offensive tac
tics. / . . f
Advices from Kansas City from the best
elevator interests claim hot weather has
cut down corn prospect 20 per cent. Bears
were active again when the market show
ed luck of support.
OatM should be bought on soft spots.
sidling by
commission houses, especially September
ribs and November lard. There Is aorno
good buylug, but offerings unusually free
so far.
The Record-Herald says: “When the
r vernmeut conics to Its October revision,
believe It will raise ita corn and unts
figures fully as much ns It did Inst year,
says W. II. Bartlett.
“If what they tell me in Minneapolis
Is true, there is an immense cron of
wheat In the northwest." said President
Walter Fitch. 'The Ida grain men are
certainly preparing to handle n large crop.”
Returns from twenty-five threshings In
North Dakota, Including ten from the Red
River valley, showed an average yield for
the whole of 15 bushels per acre. All
of these reports were from districts that
have lieen claiming damn go by heat.
First arrivals of new wheat nt Minne
apolis Indicate a high quality. There were
ten cars new wjioat lu yesterday, of which
seven graded No. 1 northern, two graded
No. I hard nnd 1 was durum;
Hales of cash grain in Chicago 210,000
wheat, 24,000 corn nud 100,000 oats.
reflect this Russian news, there arc a mun
her of traders here who are on the anxious
seat, and if any developments in the way
of prohibition of Russian wheat, It would
cause it sharp rally.
it looks ns If the market would drag a
little lower. Wheat, corn nnd oats are
down to low levels, however, and should
be liought on all dips now.
now, but does not act as I
would tako
much wheat. . .....
Only strength to wheat Is buying by lo
ll shorts. It sets heavy.
Oats opened n shade lower. Trade rath
er light. Bartlett. Frazier A Carrington
selling a few September and May;
K scattered.
rger run of hogs than expected
with prices 19c lowrer, caused a lower ope**
lug lu provisions. Commission houses sol
PRICE CURRENT CROP REPORT.
Cincinnati, Aug. 23.—The Price - Current
says: “Week favorable for corn, with pre
vious promise maintained. Oats damaged tn
shock by rains. Packing 406,000, ngalust
375,000 last year.”
THE 8UGAR MARKET.
..ew York. Aug. 23.—Local, refined nnd
raw, sugar unchanged. London beet mar
ket steady; August 9s 3%d; September
9s 3d.
January.. .
February..
March
April
May.. ‘
June ,
July
August
September..
October..
New York coffee rasrk
Opening
Range. Close.
• -T.06-7.15 6.95-7.00
..7.10-7.15
..7.20
..7.26-7.39
..7.30-7.36
. .7.36-7.46
...7.40-7.45
. .6.70-6.76
. ,6.75-6.80
...6.80-6.90
November.. .. ,, ,, .. ..6.90-7.00
Decemlier ..7.00-7.06
Closed steady.
7.00-7.10
7.10-7.16
7.16-7.20
7.25-7.30
.7.30-7.35
7.*-7.40
6.66- 6,70
6.66- 6.70
6.70-6.73
M \ Cm
6.90-6.96
TIPS FLASHED
From Wall Street
-it is not yet quite clear why so seriour a
loss in selling, unless the enormous pur
chases of Friday, Saturday aud Monday
came from a short interest not usually
reflected on the floor of the stock exchange.
We rather confidently expert the market to
show a better tone bslay, and Indleve
Capper, Steel common nnd the active list
will show the effect ofjp>od support."
Iwtter markew with Copper nnd
ralalaU.
.12
Imma districts. . ...
Grcciiwissl, S. C., and Enstmnu. Gn
Section Director.
WARE A LELAND’S
DAILY COTTON LETTER
New York, Aug. 23.—The effort to booat
lug some ij America
cst figures quoted r-
previous * ■*--
the
pmntitles «
Private Wire to Glbert A Clay.
New York, Aug. 22.—j»k»»u«II. Spi
der ,A Co.: “While this mornings
reviews of the market point umulstakn-
Expect iH'tte
Steels lenders.
We look for
of the week.
^Tbj^JU^iij^best^u^ust^n^lH^ibitor^
better market the rest
COTTON 8EED OIL MARKET.
New York, Aug. 23.—The market for cqt-
ton seed oil was gtrong and easily bid up
with rather moderate buylug, prices being
2Hc lip on near months and 2c up
October from the recent low point. ]
ding was active, 6nd there was very little
oil to he had on tho ndvnoce. Tho recent
decllue In prices was very Inrgely, It
stated, due to the liquidation of long oil.
With that oil off the market, tho price im
mediately began to Improve, nnd nearly
half of the loss has l»een recovered. Of
ferings from the South are rather liberal
for distant delivery, hut the position of
the future market has recently been so un
settled that very little nctual business has
voloped In crude. The market nt tho
Jle wo# firm, with prices unchanged b
JHe higher.—Ware A Lelnud.
Opening. Closing.
August. 36
September. g> 03SH 35'
October.
November
December.
January
Closed steady.
of the Iron trade.
Steel common and Bt. Paul look fins; good
buying In both.
Very bullish Information on Steel com
mon. Excellent buying of It. Chesapeake
anil Ohio looks all right.
SOUTHERN EXCHANGE
OUat E*tabll,h«d Office South.
conos —STOMS Bonos—GRAIN
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application.
CHICAGO CAR LOTS.'
WHEAT OPENED
SLIGHTLY LOWER
Pit Professionals Were the
Best'Seller's in Early
Trading.
BUYING SCATTERED
Continued Rains in the
Northwest Not Having
Much Effect Here.
By Private Leftsed Wire.
Chicago, Aug. 23.—Grain prices held up
well, nnd this, too, on heavy selling of
wheat by. Patton and Rycroft, two of the
heaviest' aud most successful local trad
ers. They sold on the hard spots, sup-
Jy 4>n a cable denial of the Russian
government's Intention of •rohlbltlng the
exports of corn nnd wheat. Mnnheim, Ger
many, quoted wheat 1 mark lower on free
Russian offerings. Tho fact thnt Minne
apolis held up well on September wheat
mars n help here, os It prevented any raids
tho market. Prices closed HGHc nlgher.
Clearing weather reported In the north
west. Corn closed HGHc higher. Oats
were HCKc up to He oR. P
steady.
Primni
shipment)
bushels.
Shipments. 375.000 bushels. Kansas City
enorted the sale of 5.000^'bushels No. 2 red.
rliiter wheat to Missouri millers at 69e,
Kansas City. Cash snles here 125,000 himli-
els wheat, 125,000 bushels corn *and 75,000
bushels outs.
At the seaboard, 3 loads wheat, 50,000
bushels oats, ,but no corn.
CHICAGO GRAIN MARKET.
Provisions about
evciiiia ikio,uupunsj
corn receipts 313,000
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat—Opened H0H r - lower; 1:90 p. tn.,
H©H<? lower; closed H©Hc lower.
Corn—Opened He lower; nt 1:30 p. m., un
changed to He lower; closed HOHc lower. .
8.65 8.57&
__ 7.22H 7.15
CASH WHEAT—
No. 2 red 71H072H: No. 3 do 71071HJ
No. 2 hard winter 7&K071H; No. 3 do fj
on.
PRIMARY MOVEMENT.
The following figures show the primary
movement of wheat and corn:
Wheat—Receipts today 656,000 bushels,
against 453.000 bushels last year; shipments
today 383.000 bushels, against 397,000 bushels
last year.
Corn—Receipts today 412,000 bushels,
against 447,000' bushels lest year; ship
ments today 375,000 bushels, agfctnst 680,•
000 bushels last year.
/
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vice-Pre,ldent.
H. T. INMAN, Vlce-Preeldent. GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Aes’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFEVtENCC. THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
the selling by two
i»pernt«*rn who Itought large
... rotten here in th'* effort to ml-
...BHB- market."these snles being coupled
with selling from the South. The simple
fact of flu* matter Is. nil enormous era»
• to oe assured, and It i*jv»w a iiues-
.. .. of fludhig n market for the cotton.
Around thi*si* advances the pressure will
»e with the weight of the bale*, nlid
„„ returns nu ample profit on production
the South can !*e expected to keep on selling
until a decided ehJmre In crop prospects
takes place. Around 9»*"buying by spinner*
la n featun* ami this tends to sustain the
market. •
Gradually this support will Is* weakened. [
j the cotton is fieri* fog sub*, nn l us th-*!
Smith continues »o sell, prices wl!l tiiiqnc*- j
tfonnldy work downward. White we would |
i«it lieeonie aggressively *K*irf»h o:» 21 au • j
t p'iJnt breaks below *•. It looks very tuue!i ,
ns though tin* downward movement bad n**»
run i # * course. un*t »l»'* i-fllen sold et»
bulge* will return profits.
HUBBARD BROS & CO. j mKants
Atlanta Office*, 219-221 Century Building.
Member* New York Cotton Exchange, New Or
leana Cotton Exchange, Liverpool Cotton Aiso-
clation. Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phone* 454, Long Distance 59. A.S. Hushicr. Mer.
IB
Frank Hawkins, Presldsnt.
H. M. Atkinson, V. P. Tnomas C. Erwin. Aast. Cashier.
Joseph A. McCord, CstMer. • R. W. wyers. Asst. Cashier.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
II. Y. McCord.
DIRECTORS:
Frank Hawkins.
II. M. Atkinson.
Joseph A. McCord.
$200,000.00.
$300,000.00.
J. H. Nun
J. Carroll 1
B. Rom
avid Woodward.
3| % Compound Interest
Is the rate your monty will draw if deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST, 1 CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and Inspect our quarters and Investigate
our faellltlee to serve you. A hearty welcome awaits you at this
bank.
ASA G. CANDLER. President.
W. H. PATTERSON, Vice-Pres. A. P. COLES. Cashier.
JOHN 8. OWEN8, Vice-Pres. WM. D. OWENS, Aset. Cashier.
WARE! & L ELAND
COTTON, CRAIN, PROVISIONS, STOCKS, BONDS,
s*. 3 rwrr*., frfm-fj/n,'.,, tr/i.i., c. *
Inf nu (r«tn firtM,-.
CUft„ Inti tl Trill.
_ , (ell., ftthngl. Clitif, 5/
' r Atn-iftln. kew firk Ciffte [ukmgt.
if «,»> t. to In». In Orient, Cifesfa B. C. COTHRAk, Utitin.
- r* Sit.far! Pint 3JS.
THO*. J. PKnrLFS. Cashier.
JAB. O. UWTIIL As. t Cl
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITED
We invite accounts of individuals, corporation . bankB
and bankcre nnd oiTer tlie best terms consistent with
conservative banldnc-.
ually
at the Rate nf 31-2