The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 28, 1906, Image 11

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> EDITED BY JOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ) Mr. Lively** 25 year** experience editing markets in Atlanta and the South baa made him a rao ognlzed authority In h!> specialty. CABLES BETTER THANJXPECTED Influenced , a Firm Opening in the New York Cot ton Market. BUYING GOOD EARLY There Were Realizing Sales at Advance and a Small • Decline Followed. New York. Aug. 27.—Thu cotton market, Influenced by better eft bleu than w*a ex pected from Liverpool, opened flrtn. Itoom shorts and Wall *treet were buyers. It assumed thnt support from tho Inter^. from Amorim had much to do with the strength • of price* In the English market, liaaed on report* of temperature* In west ern Texn*.' The New York ntarket for option* opened •lightly higher thla morning, due to bet ter entiles than duo, first prices for future* being unchanged when a decline of 4 points wa* due. The aalcs of spot cotton wero decidedly anmll, spinner* taking only - 3,000 at an advnnce of 2 points; middling 5.39d. After the early advance, price change* covered n small range with tendency to ward a lower level, with the tone dull. bnt level. trying to boost „ ^ first time In three weeks he todny issued a bulletin of crop reports, all of which are unfavorable, it ■ was stated that every time tho market broke good, he dumped October. New cotton Is showing up Increasing quantities and In different section* dally, todny'* receipts Including 6,894 at Hounr ton. 8.424 at Galveston. 161 at New Or leans and 310 at Augusta. Estimated receipt*: 1906 1906. Houston.. .. 17.000 to 18.000 12.936 Galveston.. .. .. .. .. .13.000 to 15,000 13.001 . Friday will lie'the flrat September notice ;lny In New York. They are not expected fo lie heavy, ns the parties who control . .. * — •— are not "a" Manchester cable says tYiero ^ Is more Inquiry for cloths, but not much doing, while yarns are quiet, but firm. Today's weather map show* fairly gen eral rain* over the belt and cooler tem perature throughout Weather condition! are cloudy In the east »nd clear In th« west, with appearance of becoming set tied.- The map Is considered very favors Me. in view of the fact that many local ities-In need of moisture have experienced a good rainfall, and the cooler weather ,now existing will prove- beneficial after the few hot. dry days lately experienced. In the late trading, a . decidedly better feeling developed, due to late crop reports. Shorts covering and good buying mostly by the profession^ element. The market was steady 14 to 21 points higher, as com pared with flnnl figures of Saturdsy. 8POT COTI ON MARKET. ‘ * Atlanta, ntcady at 9%e. . New York, quiet at 10c. NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Glliert & Clay. New York. Aug. 27.—Liverpool opened un changed. Was due 4 lower. Price brokers are inclined to liquidate, but expect to see tho mnrket do a little better. The Journal of Commerce says: "There Is no recession in the strength of the mar ket for goods that can be delivered with in thirty or sixty days. Beyond that pe riod, buyers are not willing to go for the moment, as they were a short time ago, hut no real pressure Is Wing exerted on sellers, save in'some few Instances, where It Is desired to cover for needs in Decem ber and January on the basis of cotton, gs It Is not quoted. The absence of accu» mutatlosn In leading Jobbers' hands at the beginning of the season la a wholesome sign, viewed In some aspects, hut It may nlso represent a healthy caution, due to flimnclnl conditions not affecting the mills i closelv. New Orleans, Aug. 27.—Liverpool changed is a good market. Was due 804 lower. The sir—— “ * * " doubtless due ports. The Memphis Commercial-Appeal snyn: 'Reporta on the cotton crop for the past reek do not Indicate the prevalence of universally favorable conditions. There are some section* In which shedding lias been general, while In others excessive mins nave aroused grave fears. Itust, blight and lnsecta are not complained of. The trouble lies In tho more or less gen eral shedding of the middle crop. "The market has shown more disposition to follow the Improvement abroad, bnt I irescnt prices display uo strength, and It doks as Lf bearish tactics might soon bo resorted to." Liverpool cables: "Market affected fa- ora Wy by heavy abort covering, supposed ly for Trice." Beer Cowell cables: "The market feels the Influence of less favorable S orts, and rumor of bullish ommerce." The western forecast Indicates fair weather Tlitt lower temperatures tonight OF TOOK BULK OF GOLD Was Regarded as Disap pointing News by Stock Traders. !>!»■ crop Journal AUfUata, quiet at 9He. Haraaaah, rtoaily at I 8t. Louie, .tend* at K\su'?v;. Galveston, steady at winniDiion. noniun Mobile, dull at 9c. . Charleston, quiet at 9%c. tertd nuowe.3 u southwest Texas. .Frlvatj WVfv, 'v Ware Jfc Leland. New to:*. Aug. 27.—Liverpool futures opened JCead/ +94 dowh. At 12:15 p. m., unchnn.od an l steady; oales 3,000 spots at 6.39d, 2 up. Due to come 4 down. Liverpool cablet: "Market affected fa vorably by nothing offering. Journal of Commerce report expected bullish.’* Cotton In tho New York market opened about as expected on cables. Tho south •old considerable cotton. Look for steady market today, and would rather sell on advances. The weather map continue* good, and the hull circular Issuod Saturday has fail ed to bring much new buying Into the market. New Orleans, Aug. 27.—WhUe cables are — *-*— ucerned. Instead — » .. .. bales of •pots rob the English market of any real bullish air and Indicate manipulation. The market Is very steady, but the bulls are not aggressive, and ars not trying to boost prices. THE WEATHER. CAUSED A REACTION Decline Brought Heavy Buying Orders—Resulted in General Recovery. By Private Leased Wire. New York, Aug. 17.—Following tho usual experience of n market in a time of active speculation, the week** opening on the stock exchange found n large mulstlon of outside buying orders and equally heavy orders to sell from profes sional speculators, who ore looking for this opportunity to realise profits. The early trading accordingly displayed nn ex treme Irregularity, In the course of which Bt. Paul, Atchison and a few other stocks made new high records, which (he Pacifies, Reading, the Hteels and other previous favorite* of the speculation went sha-ply down. From , then on to midday, the mar ket fluctuated bark and Voitb. There %ro.*s occasional i>er!ods of decided strength la certain lndustrtiT • * * hm the list showed ... —RBHHRPH the ascendant, and that It was keen enough for those having stock* to dis pose of to.offer them at concessions. Dis appointment was felt thnt of the $1,000,- 000 South African gold arriving in London this morning only $1,000,000 was engaged for shipment to this country. The stock mnrket opened Irregular, but most stocks showing .advance*. Cheaa- penke and Ohio started %e higher, Louis vllle and Nashville lie, Heading %c, Erie, LOCAL FORECAST. For Atlanta nnd Vicinity—Fair and cooler tonight and.Tuesday. WEATHER IN COTTON BELT. Texas—Dallas, clear and chilly: Houston, cloudy and cool; Tyler, clear and pleasant; Fort worth, clear and cool. Texas Rainfall—Dallas. .03; Fort Worth, .06; Galveston, trace; Waco, trace; Hunts ville, .40; Longview, .02; Sherman, .20; Tay lor, trace; Waxahatcbte, .84; Weatherford, .10: Wharton, trace. Mississippi—Meridian,, cloudy and drix- sling; Notches, partly cloudy and cool; Ya* xoo City, cloudy and very epol, hard rain sourl Pacific \c.Union Pacific openWlP| lower and lost %c In all. Amalgamated lost^r was He lower at the outset, aud| The news’ of interest to Abe. market this morning whs that which came from Lon-i don about the Bank of England taking the bulk of the gold which arrived there. New York securing only 81,000,000. This was regarded as disappointing, as the hull speculative element here was confident last I week that all would be re-shlpped to this country. Traders sold stocks around thei room because of thla news, causing some moderate recession In prices, and again tho story was current of tho heavy profit-tak ing sales. Belling, though, wn* mostly pure ly Speculative, and about evenly divided ed Sic 7 yesterday afternoon; Jackson, cloudy and cool, drlxzllng, rain yesterday afternoon and last night; Tupelo, cloudy and very cool; New Albany, raining and very cool; Aber deen, cloudy and pleasant; Amory, cloudy "^bSama—Birmingham, cloudy and drit sling, rained all yesterday afternoon; Mor bile, dear and hot, rained yesterday after noon andlast night: Montgomery, efear nnd warm, light showers yesterday afternoon; Melma and Opelika, clear and warm; Hunts ville, partly cloudy and cool; Troy, clear and warm. . . . .. Gcorgla-r-Albany, clsar and hot: Americas, clear and pleasant; Savannah nnd Americas, clear and warm; Atlanta, cloudy and warm. WEATHER IN WHEAT BELT. Extreme Northwest—Partly cloudy, 42 to 52 above. ' • Northwest—Generally dear nnd cooler; 44 to 52 above. • , Welt and Southwest—Clear and lower temperatures, 46 to 62 above; general rtlua In Bllnols; local rains In Missouri. Ohio Valley—Generally cloudy, 64 to 68 above; general rains: temperature at Os ceola, Iowa, 40 degrees laat night; 43 at Des Moines. WEATHER F0RECA8T, Louisiana. Alabama, West Florida, Mis sissippi and East Texns-Cooler Monday, fair In north and showers In south portions; Tuesday fair with freak northwest wind*. Georgia—Showers Monday; Tueaday fair nnd cooler: fresh south, shifting to north west. wind*. East Ftortda—Bhowera Mom day: light to fresh variable LIVERPOOL COTTON MARKET. Liverpool, Aug. 27, 12:15 p. m-—Cotton, •pot dull, with rrtces steady; middling upland! 6.89d; sales,8,000; American 2.60$ speculation and export 800; receipts 2,000, r American 1,700. Futurr. opened .tendy. Augnat. . . Aofuit-Sept. Hept.'Oct.. . Oct.-Nor. . . Nor.-Irec. . . ]i«.Jan. . Jen.-Feh. ... Hnee. ’’'MS „»1M.U 5.1* 5.13 , .5.0W.* 6:a {.« ,,.4.574.01 6.03 5.0J .4.904.00 5.00 5.00 .4.904.00 6.004.01.5.00 4.97 6.014.01 5.01 Muaed quiet. TODAY'S PORT RECEIPT8. The followlDC table ahow, receipt* at th. New Orleans. . Galveston. . . ' Mobile. . . . Savannah. , . , Charleston. . . Wilmington. . . Norfolk. . , . INTERIOR MOVEMENT. , _ The following table ahowa receipts at the Interior lowna today, compared with the Tame day laat year- - THE COFFEE MARKET. Following I* the opening ramie and eloee of the Sew York coffee market for to- , Opening Itonce. rinee lay; Ugh; WeatT-i Arkani •xae—Fetr Monday and Tueaday. n-l'alr Monday and Tueaday; warmer Tneaday. Illinois and IndUna-Falr tonight; Tues day fair and allghtly wanner In north and central portion*. - . ' Iowa—Fair tonight; warmer weat: Tnea- day fair and. warmer. Kanaaa and Sehraakn-Folr and warmer tonight ami Tueaday. North Dakota and South Dakota—hair it; Tnead— tonight Mlnne warmer weat April ... }l»r June July Align,t September October. November December.. .. *• Closed steady. ..6.95-7.06 .. .7.10 .. ..7.10-7.20 ....7.20 ,. ..7.25-7.37 .. ,.7.80 ....6.75 .. , .0.50-6.55 * I6J94J9 6.854.90 6.96-7.01 7.00-7.10 7.10-7.15 7.15-7.20 7.20-7.25 6.464.5) 6.454.50 6.654,60 6.654.70 6.754.80 and aoofbt Tuesday fair, sad warmer. Montana—Fair tonight; warmer In south east; Tueaday fair. WEATHER CONDITIONS. The condition* have changed considerably since Saturday morning. An area of high treasure of marked energy bns moved down ,’rom the northwest anil 1* now centered over Kansas. It* advance bn* caused much Ctnler weather to the en*t nnd southeast i»f its center. The center of lowest pressure ,.,»i «a states east of the Mississippi. In the last 24 hours showers haviCoccurred throughout the south and at nearly all sta tions from the Mississippi eastward. Rain and Boston. The following stations report- in] one Inch or more of rain In the last 24 hours; Washington 1.VK Charleston 1.68, Cincinnati 1.60. Jupiter. Fla.. 1.22 Inches. The conditions favor fair and cooler weather In this section tonight and Tues day. J6wnw*rd movement, the supply of stock around the room seemed to be exhausted. Buying orders cams In In creased volume as the lower prices were reached and caused* a general recovry. Ison don bought about 16,000 ahares on bql nnce. . Governments unchanged. Other bonds active and firm. LONDON STOCK MARKET. Chic., Mil. and St. Paul... Erie.. . Illinois Centra! Lonlsrllle and Nsabvllle.. New York Csntral Pennsylvania Reading.. .. Southern Pacific.. .. Union Pacific,. .. United States Steel., . — do. preferred RANGE OF NEW YORK STOCK MARKET Amalgamated Copper...... Atlantic Const Lino American Sugar Refining.. Anaconda American Locomotive preferred. American Cotton Oil Baltimore ami Ohio Brooklyn Rapid Transit.. Canadian Pacific Chicago and Northwestern..... Chesapeake nnd Ohio Colorado Fad and Iron...,. Central Leather do, preferred Chicago and Groat Western. Chicago. Milwaukee nnd St. Paul...., Delaware nnd Hudson... Distiller's Securities... a *3rie do. preferred American Ice Securities Louisville and Nashville............. Mexican Central l(|PM4Mirl Pacific New York. Ontario nnd Western.., National Lend Northern Pacific New York Centra!. Norfolk nnd Western M.vh until .,... People's Gns Pressed Steel Car . preferred.,,...... 1’nelrte .Midi Reading Republic Steel * Rock Island Routhern Pacific ......... Southern Railway do, preferred Slots-Sheffleld Tennessee Coal and Iron Texas and Pacific Union Pacific United States Steel do, preferred.. referred.*.*; .* Wisconsin' Central do. preferred. liMfiotoi'itefci ifityif iio*4 RANGE OF THE COTTON MARKET AT NEW YORK. Aug. . . . . Sept. . , . . Oct Nor. 1 )ec Jan Feb March. . . . 9.8041 9.39-40 9.46-47 9.51-M 178-90 18*43 8.9646 9.04-06 9.11-13 9.19-20 9.26-27 9.8041 Closed steady. AT NEW ORLEANS. Aug. . . §$.*: Nov. . . Dee. , , Jan. . . Feb. . . March. . 5:3 »:» 9.42-GO 9.31-33 9.27-28 9.27-28 ’ ; 9.40-45 9.10*12 10647 9.0647 9.07-08 9.14-15- 9.17-18 9.24-2G Closed firm. TIPS FLASHED Froth Wall 8treat I’riTut* Wlr» fo Ware A Leland. New. York, Aug, 27.—London H to li up early. - There nre Intimation, of n big rlae In St. Fan), but rather look for «n Irregular mar ket. The new rate law goe. Into effect tomor row; and If, a. figured. It will lucre..* earn ing. In eoiue direction. 60 per cent. It will greatly belp low and medium priced ralla, and there are Indication, of public buying - —— -la., of r ■lug Brin enV'lUMOUrl l’aclftc' and ol peak. ither COTTON REGION BULLETIN, for tha 21 nonra endl meridian time, Angnit : 1TATIONS OF ATLANTA DISTRICT. •Atlanta, clear. . . . •Chattanooga, cloudy. . . . Columbua, clear. .... Oalnearllle, clear Ureenvllle. cloudy (irlffln, dear. -Macon, clear Montlcello, clear. .... Newnan, clear. ..... Home, clear . Hpartanhnrg, clear. . . . Tallapooaa, clear. .... Toccoa, clear. ...... Weal Point, clear. ■ . . •Minimum teuiperaturea aro . — hour period ending at t a. in. thla date. .3, HEAVY RAINFALLS. . .1.54 CSNTRAL STATION. THE COFFEE MARKET. N'.w York. Aug. 27.—The coffee mnrket opened ateady at nncliangnl prti-ea on Mar and Jnne, bnt generally 5 point* lower. I.|. nnldallon of Sepiemlter waa the fentnre. today being the ilr.t notice day for that pogltlnn. According to eatlmatea. nolle,.* for almnl 106.W) laig* were laannl. nnd tbelr circulation through the atrect waa erldentty forcing one antic of the gentler- * ig arvount i " ‘ " * A Clay. Atlanta. . Augusta. . Clwrlfstou Galveston. Little Hock. Memphis. Ill iiS ir Memphis. . Mobile. ... Montgomery. New (irleaus. Oklahoma. . . Savannah. . Vicksburg. . Wilmington. t . T Indicates Inappreciab a rslnfslU Max. MId. W d TT I REMARK8. Uonsiilerahly lower temperatures than for the previous 24 hours prevailed over the western and southern districts, while slight rises were shown In most of the eastern districts. Rain fell In all districts, being very light In Oklahoma. Henry rains fell lu Georgia, North and South i'srolina. J. b. MARBU1IY, Section Director. COTTON SEED OIL MARKET. «• K. ALABAMA 6T. GIBERT & CLAY STOCKS. BONDS, COTTON. GRAIN. CO FFCC. PROVISION* ATLANTA. Oft New York Stock Erch.ng,IX.w oS£<g5» j'^SSKfSSISSS^cStSASSSbto slZ York CoffM OrtSS: nSrd of TraSeJoaheaton Cotton Exchange Private Wlrea to all F.xchnnge.. Ucal and Long Dl.t-ne# Talaphone 5298. « W. n. FAGAN, Manajee, New .-York, Aug. 27.—There was a com paratively quiet market for cotton seed oil on Saturday. The sharp adVanee of the previous day caused nervousness among the shorts, and although buying was limited the undertone waa firm. Tne leading re- fiuers were the principal supporters or the near-by months, with offering* scarce. Stocks continue small, and. although the foreign demand Is disappointing, ‘atllT more fair-sited buying orders were reported near the cloae of tlik market. The market at the close was nnlet, with prices unchanged to SLe lower. There were no sales reported.— Ware Ac Leland. ADD COTTON SEED OIL • Opening. Closlni August, ........ is *f8T ** September. ...... 86 OctolMT. ......... 82 ft November. ...... Decemla*r , 29 #*. . January 29 0291( 29 closed ateady. Kale* 100 August at IfHc •nd m Heptemlier at 86^ and 306 at 91% Distillers likely to dsvelop hull features on Standard Oil going Into denaturlxed alco- bol business. It Is evident that « -- 4 r—7- aro lielng dumped. 8t. Paul not acting lu simmttlonnl manner aa expected. Seems to be good buying. .. „ ... It 1* rumored that Northern Pacific will Issue $50,000,000 new stock at par to holders. It looks to me as lf the general run of atocka could be bought lower down. Am a hull on Sugar. ^ M Chicago Great Western earned 1.83 per cent on Its II stock last year. Railroad rate law will become effective Tuesday. ’ , Banks report less than the legal reserve nt nn, »fnt. oil r.pnri«1 buying dUtlll.rir, l.n.turl.nl alcohol. I’.i-iflr cxpMt. to extend Into Cnllfornln. . Ktcl trad, continue, .trong, th. price of bnro Mng mlrancrd U.t week. Mluonri l'.cIBc will extend for thirty-two year. It* 7 per cent Imnila due In Norenibcr. Totnl Imi;c of new eccnritle. of all kind. ■Inca January L M00,775,MO. Twelve InilnatrUI. edrenced .01 per cent Twenty railroad, ed.anced .11 per cent. rrirele Wire to Olbert A Clay. Think Bugnr bae atnrted for a good rlae, and In In .tiff demand. .... Market Inclined to react under lend of Ht. 1‘nnl, anil n ill.poaltlnn to re.trnln op cratlon. on thnt atock on fenre of n corner. H .n* I’nl'on ^ncl'flc’ Ht. FaulT Copper, Erie nnd New York Central. Hear very bullleb talk on Sugar. Bellore In It ultimately, „ Mnrket look, reactionary. Do not nee Inot bnlUnh on Atcbtaon nnd «t. Pnn‘ Balance of mnrket looka renctlonar.. I expect to ear St. I’nnl go right ok thronxh 200 like lightning. 1 )iy2 nil* look ell right on recearinna. I;corniced Atcblaon. Norfolk and We.t- rt. Ck.,apeake and Ohio, nnd Erles. WAM> t LELAND'8 GAILY COTTON LETTER New Orica nn, Aug. 27.-Cotton bad n tort of artlbrial eteadlnoM this mo-ntng. due, apparently, to the manipulation of New York Imlla, who loaded the IJ«-rpool mar. ket with l.ulll.b crop InforuirUon nnd buying order., and i-anacd a mui-b Wt- ter market there than wa. expected. The Anrrinn market. Improved In •ympolhy. although then- were wme reeking, after the truth who wanted to know whet price, were adranrlng on anyway. The move- then I waa eoincthlng Bercc. ;l.ve.t.m alone receiving »,726 lulled of which M21 were new. The orltnete foe llou.ton tomorrow w.a 17.000 'to 1A000 hale*, again.! 12.M0 laat, year .ml 12.310 In WM. Sneh large receipt, primilae nlmoet a reeprd-lirenklug movement of new cotton for the mnntli of Angn.t, The market may he put np t<*n- iNirnrtly, bnt It 1. henl to believe In a per manent advance If the movement centlnne. of ench large proporlhma. The wenther could hardly have been better Sown lit tle min wn. aeniterwl over lb* belt. i-ordlii* to Ibe weather mop, bet jempec- atnree were even .lightly under what might be rallmt moderate nnd effectually ppt an end to yerna of high temperature. TTie average maximum and minimum tem- peraturee -over the cotton belt during the twenty-four hour, ended at 8 o'clock thla morning were M to (V degree. Even gap py cotton plant* ought to do well with auch temperature. Ae the eaaaon grow, ohlar, complaint, from the belt trill undoubtedly Incrcaae, ne farmere And cotton on tbelr band, to market. The complaint they .end In will he welcomed liy many operatore end wilt Inrreaeo the Interet In the long aide end will make the market lew of a NOTES ON GRAIN Pointers on Provisions. Private Wire to Glbcrt & Clay. Chicago, Auc. 27.—There is nothing In the rabies or weather to give encouragement to the wheat hull. Ills beat help Is the*fnct that about nil the pressure of heillng sales J* removed from this market. The big holders show no anxiety about their lines. hut on the contrary seem willing to Increase them. We believe wheat is close to the bottom. . Bears tontlnne to pound, new The Record-11 era Id says; "This week will lie a rather critical otu* lu the wheat trade. With grunt .weather during the hitter part of It It should see n big increase In the marketings of new spring wheat In the Northwest, and also the liquidation by such of the September longs ns do not care to accept delivery of the garln oil Saturday next. There (s every prospect thnt these deliveries will be enormous, but they will — ‘nnlnty Into the hand* of (he carriers the elevators, despite the fact that n larger |>ereentnge than In many year* will take In the wheat and pay for It. The event of the last week was the private changing over of about 6.000.000 bushels of September wheat to December l»y the prin cipal long*. The hitter paid 3V4 to make the transfer, which of course must he add ed to the cost of tbelr original purchase. It lx lu the favor of the holder thnt the spring whent crop In the Northwest Is prov ing n disappointment, fasten-* * yields, it is now prety well c , the crop is only nn average one, ami It retnslnt to be seen whether It Is np to the atandard In flour-maklug qualities." Private Wire to Ware & Leland. Chicago, Aug. 27.—Thia market should ml- ’ a lltfle. 1 notice some elevators buying epfpiuber nnd selling Deccinlicr. Homo scattered commission telling nt the opening, bnt there appears to be n few lo cals Inclined to buy wheat on this break. On passage statement: Isist week, whent 29.o44.Q00, corn 18,108,0)0. laint year, whent 1690,000, corn 19.427.000. Cables respond but feebly to our firmness of Saturday and It looks all nrouml ns though wheat should be sold on hard spots today. World'! shipments: Whent 9.244.000 nuirlnst 9,188,000 the previous week and 10.ZTS.00f) |net year. Corn S.072.000 against 8,687,000 Inst week and 4,818,000 last year. ‘j | jp^very light. Little buying 'Offerings of oats very light. Market Is easily hid up to*83Hc by Pringle and Dsn ”’-'~ht. Trade now very slow. rago Inter-Ocean; Cash whent bust* lu Chicago Friday nnd Saturday ag gregated 255.000 bushels, 160.000 bushels be ing No. 2 hard and 95.000 No. 2 red. Pnrt of this la for export and part for New York millers. Sales of corn wero 156,000 nnd out* 90,000 nshels. At the aeahoard sales of wheat ware 66,- 000 bushels aud rorn 40,000 bushels. KJerntor jwople are busy hiakliifi contract Intei week. one-sided affair. moment, atroi •ng pmpiMimv ilgiier prices, which, of purchase egltlllinti tin litj'ivif THE MADDOX-RUCKER BANKING COMPANY, with capital, surplus And shareholders’ liability of 10,000.00, solicits ac counts of individuals, firms and corporations. Idle money waiting an investment can draw 31-2 per cent interest in our Savings Department—with drawal any day without notice. SOUTHERN EXCHANGE Oldeit Eriabll.hed Office South. conos—STOCKS BONDS AMI* Tround Floor Gould Building. Dally ;rarket letttr r.r.d market manunl tui.ed on ori'II'-eilon. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAiS Corresponden''s Capital $250,000 REFERENCE. THE NCAL BANK PHONK 1417. PRUDENTIAL BLDG Ktw Ysrfc. COTTONVORAHV, ^ROVISIONS,*STOCKS^BONDS, 9 uiiii <• d.i... iil**i* A* Ci/M fA He. 2 Walt St.. Peters BalUlag. Atlanta. Ga. UlMUtSt few ferk Cotton Ixehnnge. c Jt!fW a AV.i tll&h Hiw Orftans Cotton Ctthnfe. - mum rnw*. v...— — — v- CbkM9» SlOfk Utkltgi. Llitrpool Cotton Asieriatle* Hew York Cof/ee fithesge. Prionte Wire* to Hew York, How Orleoot. Chicago. tell Phone tH2. t lakuig c wheat, haring tanted out 600,000, bushels winter, Including 106,000 No. 1 hard, last week. ■ - '! ■ !■ , . Withdrawals for contract, corn were 682.- 006 bushels ami of other grades 128,000 bush- Ms. Of contract oats there were 641,000 Imshels token out. Withdrawals of contract whent from pub lic houses were 683,000 bushels, mostly No. 2 rod nnd No. 2 hard, and Included 120.000 No. 1 northern, the latter having been taken by millers. LIVERPOOL GRAIN MARKET. Whent—Opened He higher; nt 1:30 p. m., He higher; cloned l *7iSc lower. Corn—Opened unchanged and rioted He higher to Sir lower. PRIMARY MOVEMENT. The following figure* give the primary movement of wheat and corn; Wheat—Receipt* today 796,000 bushel*, ^jnlnat 1.876.000 bushel* last year; shipment* todny 763,000 bushels, against 449,000 bushel* last year. Corn—Receipt* today 579,000 bushels, against 708.000 bushels last year; ship- 5^ WHEAT OPENED FRACTION LOWER. Clear Weather in the North west and Weak Curb Main Influences. SELLING WAS HEAVY Full Cent Decline Was Shown in First Few Min utes of Trading. By Private Loaned Wire. Chicago, Aug. 27.—There were quiet closing:* on the board of trade, with net changes for the day showing wheat l-4<?3-4c lower; corn I-8c higher to unchanged; oats l*8®3>8o lower; pro visions unsteady. Cash sales were 27,000 bushels wheat, 550,000 bushels corn and 110,000 bush els oats in Chicago; 5 loads wheat, 3 loads corn and 40,000 bushels oats at the seaboard. There was n lack of trade In all the pits. The bulls In all the pits attempt, ed to force prices upward by bidding for the grain without taking much of It. William H. Lake's purchases of wheat were liberal nnd James Rankin was a moderate buyer, too. Business In all the pits was quite scattered. During the day tho Armour* concern was a buyer of September wheat, re lieving tht pressure. Primary receipts wheat 796,000 bush els; corn 579,000 compared with 1,375,- 000. and 703,000 bushels, respectively, a year ago. Clearances for the day: Wheat 372,• 000 bushels; corn 60,000; oats 9,000. CHICAGO GRAIN MARKET. High. 71J4 4S% 44 ir* 29% 33% 48% 43% 44% I §5 NORTHWEST CAR& The fnllmvm* ncures giro the northwest ears today. Inst week and last year: feast Last Today. Week. Year Minneapolis 108 13) 393 Open. WHEAT- Sept 71 Dec 74% coitN— “aw- 4 ** fa?.::::- SR ‘lay 33 PORK- Rept.. Jan..,. 13.67% 13.65 LARD— Hcpt... 8.7216 8.77% 8.72% 8.73 8.77% Oct... 8.82% 8.85 R.HO 8 8.85 7.92% 7.97% 7.93ii 7*1 7.9 RIDER— Rept... 8.80 8.82% 8.77% 8.77% K.«G% Oct.... 8.62% S.S7% 8.62% 8.62% 8.63 Jan.... 7.30 7.32% 7.27% 7.27% t.'ARIl WHEAT— No. 3 re<! 73(472%! No. 3 do 71*ifr72; No. 2 hard wlqter 71f*/l%; No. 3 do 7<5ti70%. CHICAGO CAR LOTS. Today. Tomorrow. Safe Deposit Boxes For rent in our Vaults in the basement of the Empire uiIJing for only $5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We. invite you to call and Inspect them. Title Guarantee and Trust Co. 3i % Compound Interest I. the rate your mon.y will draw If deposited In th. 8AVING8 DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and In.poct our qu.rt.r. and Inveatlgat. our facilities to aerve you. A hearty welcome aw.lt* you at thla bank. A8A a. CANDLER, Preildent. ‘ W. H. PATTERSON, Viee-Pre*. A. P. COLE8, Ca.hl.r. JOHN 8. OWENS, Vlce-Prea. WM. D. OWENS, Aaat. C.ahN*. 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. Frank Hawkins, President. II. M. Atkinson, V. P. TnontsaC. Joseph A. McCord, CntMer. R. \V. wye Third National Bank Capital Surplus $200,000.00. $300,000.06. Dr. A. W. Calhoun. Milton Dorgan. John W. Grant. H. t. McCord. DIRECTORS: Frank ltawklns. II. M. Atkinson. Joseph A. McCord. J. II. NunnsHy. J. Carroll Payne. B. B Itoaeer. Davl<l Worn!ward.