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THE ATLAXTA GEORGIAN - .
EDITED BY ' " ' ■ 1 ■ - , . , , . .
joshphb. lively^ THE GEORGIAN’S RECORD OF MARKETS AND FINANCE I
ENGLISH CABLES
WEBEJIILLISH
Sharp Advances Shown in
Both Spot and Fu
tures.
SALES WERE SMALL
NEWS AND GOSSIP
Of the Fleecy Staple.
New York Market Nervous
and Sold Sharply Low
er After Opening.
market opened steady, unchanged «
point* higher. The steadiness was duo
to favorable public cable* and bullish pri*
rate advice* from abroad. After the call,
the list advanced further on the report
of the Southwest Cotton Association, which
noted a deterioration of 8 per cent In the
crop In Texas during Aui *~ *
active and well divided.
Ing. Liverpool
decidedly bullish, nrst prices there llfelnjp
sharply and better than due on the an*
vnnee In the American markets vaster
day.
Spot was quoted 16 points up at 6.55 on
sales of only 3,000 bales, which Indicates
that the spinner doe» need cotton at
advancing prices.
At the opening Jn New York, trade was
of a nervous character, and It was evident
st the start that the bullish crop advices
from Texas was discredited to a grent
extent, and that the Improvement was
manipulated from this slue for the pur*
— ' - better selling basis
Private Wire to Glbert A Clay.
New York, Aug. 28.—Liverpool opened 7
to 8 up; was expected 6 to 7 up.
fenture*° rk mar * et ,8 t * u,et without
Price broker* again buying.
•Weld and Lntbum-Alexauder are sellers,
but not largely.
^Commission bouses doing very little either
'iTie Commercial says: “Bulls are adver-
tlslug they will put October to 9.60.”
Liverpool cables: “Market affected favor
ably by shorts covering; others buvlug, ex
pecting further recovery. Market feels in-
ilueuce of Price bulling.”
Dick Bros. & Co. any: ‘The strength of
the market attributed to r renewal of
bullish talk by Mr. Price, who for the first
time in several weeks Issued some buJJJsh
cron dispatches. There was nothing lu the
bulletin Issued by him of which the con
servative element of the trade did uot have
knowledge."
Hlordnu bought 5,000 December at 9.32 aud
wants 5,000 more.
We might have further advance, but this
rally la u good opportunity to sell moder
ately.
They Claim That the Pres
ent Reaction in Stocks
Will Continue.
erlng 10,000 March nt 9.53.
Journal of Commerce says: “Trade for
the week opened in a healthful way. Many
reorders come In by mall, but the bulk of
the letters asked for prompt shipments on
goods already under contract. Buyers are
conservative and are taking only the goods
they can have sent on at ouce. They ad
mit that trade is excellent with t* *
that explains their anxiety nbc-.
incuts. Generally speaking, the primary
market Is Arm, and agents expect It to con
tinue In that condition until there Is some
relief In the stock of goods to come forward
for ,,la *hla fn 11 "
lg
will be hard for
ket much. He got his 10,000 bales
fair profit.
to the lietter cables,
to 3 points higher, and
with prices show
ss he got all the cotton he wanted with'
out advancing the price, It was without
effect.
Receipts of new cotton today Included
59 bales at New Orleans, Houston 16,662,
Galveston 14,496, total receipts being new.
Estimated receipts: 1906. 1905.
Galveston 7,000 to 9,000 8.063
Houston 2,500 to 3,000 4,63b
A dispatch from Cameron, Tex., says:
“About 1,600 bales haro been received here
this season. People are picking the crop
rapidly, and hands, while not In excess
of demand, are not hard to get. Most ol
the cotton that has been brought to town
has been marketed. The weather Is
rather hot for cotton Picking, but when It
opens picking begins. „ ,
In the afternoon, the bears raided the
market and price* were forced down rap
idly, the close being 24 points lower, as
compared with yesterday.
’rice to ndvnnce tho mnr-
—.. ■; HI* 10,000 bales very
easily, aud the market went down 5 points
'•umedintely afterwards.
Norden continues to hammer the market.
and selling January nt 9.
New Orleans, Aug. 28.—Liverpool nt 7 to 8
up more than fully responds to the els-
Atlnntic advances. Was due 6 points higher.
Bullish sentiment, assisted by the turn In
crop reports, seems to be increasing lu- tbnt
market.
The ea
er tonight and Wednesday ___
Mississippi and .west Florida. For the bal
ance showers tonight and tomorrow.
The western forecast Indicates for Lousl-
nnn fair and cooler tonight mid warmer to
morrow. For Arkansas, fair and warmer
partly cloudy, and the same for
■* T«, n . For the balance, partly
ciuuut to increasing cloudiness with warmer
weather except scattered showers tonight
and Wednesday In southwest Texas.
OPENING WAS HIGHER
There Were Realizing Sales
All Around the Room
After Opening.
RANGE OF NEW YORK STOCK MARKET
Amalgamated Copper
Atlantic Const Line
Americau Sugar ReUntng... ,....
Anaconda
American Locomotive
do, preferred
American Smelting Refining
do. preferred.
Atchison
do, preferred
erpool
opened steady, 6 up on near, 7 Up
SPOT con ON MARKET.
Atlanta, quiet at 9ftc.
New York, quiet at 9.90c.
New Orleans, easy at 9fte.
Liverpool, dull at 6.56d.
Augusta, steady fit 9\c.
Savannah, steady, at 9V4c.
Charleston, quiet nt 9ftc.
St. Louis, steady nt 9fte.
Houston, steady at 9ftc.
Boston, quiet at 10c.
Galveston, steady at 9 7-16c.
Wilmington, nominal.
Norfolk, quiet nt 9ftc.
Baltimore, nominal at 9ftc.
Mobile, quiet at 9c.
LIVERPOOL COTTON MARKET,
Liverpool, Aug. 28, 12:15 p. m.—Cotton,
spot dull, with price* steady: middling
uplands 5.65d; sales 3,000; American 2,300;
speculation and export 300; receipt* none.
Futures opened firm.
Opening J’revloi
Ban re. Close. Close.
. .6.23-5,27 5.23 5.18
. .6.17-5.18 5.14 6.11
, .5.08-5.11 5.06-5.06 5.03
.5.08 6.03-6.04 6.00
.6.08 5-03-6.04 6.00-5.01
.. .5.08-5.09 5.04-5.06 5.01-5.02
. .6.08-5.10 5.06-6.06 5.02-5.03
. .6.10-5.12 5.07-5.08 5.04-5.06
.5.13-6.14 5.00 5.06-5.07
. .6.14 5.10-6.11 6.08
August. . .
August-Sept.
Sept.-Oct. .
Oct.-Nov. .
Nnv.-Dec.. ..
1 >«•«•.-Jan. .
.Inn.-Feb. . .
Feb.March. .
.March-April.
TODAY'S PORT RECEIPT8.
The following table shows receipts at ths
K rts today, compared with tbs same day
it year:
New Orleans. . .
Galveston. . . «
Mobile
Savannah
Charleston. . . .
Wilmington. ....
Norfolk
Boston
San Francisco. .
INTERIOR MOVEMENT.
The following table shows receipts at th#
Interior towns today, compared with the
same day last year:
WARE 4. LELAND’S DAILY
COTTON LETTER
A"'"' Vork, 'Any. SS.—Effort, to run In
»n,‘ short Interest nnd boost prices were
nor as suocessfnl this morning ** yester-
J' 1 '.- During the late trading yesterday,
brokers were scut Into the ring to bid
uw.rket up. and prices advanced rapid-
on stop-loss orders. Today buying or-
1 , "'T*' sent to Uverjiool; that market
.uit’pil sharply. Imt u large quantity of
orti.u taken nhore 9.31 for December en-
countered so much resistance to the buying
nmx-ment that price* slipped off again very
pHWh. nnd during the midday trading
•!,* Md down ns low ns those quoted
ni.tv for most options. The collapse
2;, market was somewhat of a sttr-
In i n " *"*• market opened very steady
n t "porntor* were of the opinion that
mi,,*» advance the present level
■HUB carry prices 19 |»oInts higher. There
, ’, much cotton for sale, however,
iJTi. . n i for December, prices ran
n break of 20 points in less
nan two hoars. Shorts covered on the de*
c 11 ♦ this cotton will be for sale again
covering Mississippi and Tennessee, sny cot
ton In Hiorn mtntnm »■ ,!nl|ji{ Well, No III-
Tennessee, plant
some cases, In
others poorly; excessive rains damaged
some sections, but not seriously. Shedding
general and some rust; Iwlls beginning to
open, but picking will not he general till
September 10 or 1». Usual scarcity of labor.
Drouth seriously complained of in Mlssta-
ere has been some mticellnneons buy-
...... Price has been the biggest buyer nnd
the crowd has been ngninst him. Think It
will ease off.
Cotton tbnt 8chlll and Dents have sold
has lieen well taken, and Rlordan Is n good
buyer.
New
favors ... , r ..
which Indicate that spinners are not In fin
manipulation going on. The big
operators who are trylug to run things
now are evidently desirous of attracting
fresh short sales with the view of running
shorts in later on. Some little business has
been done by exporters with Europe this
morning.
Market barely steady under whnt looks
like attempts to take profits by those who
believe It will put prices up. Tho weak
' *-* ‘ —mrs eliminated.
conditions two courses
seem advisable: Purchases on breaks for
small profits nnd sales on any good ad
vances for a long pull. Manipulators ought
to be able to put prices up for a while, but
In the end a good crop ought to put them
COTTON REGION BULLETIN,
ours ending at 8
August 28, 1908.
STATIONS OF
DISTRICT.
•Atlanta, foggy. . . ,
•Chattanooga, cloudy. .
Columbus, cloudy. . .
••Gainesville, cloudy. .
Greenville, cloudy. . .
Griffin, cloddy. . . .
•Macon, cloudy. . . .
Montlcello, cloudy.
Wlapooen, cloudy
.’oeeoa, cloudy
"•Minimum temperatures are for "the 12-
hour period ending at 8 a. ro. this date.
••Received too lute (wire trouble); uot in
cluded In averages.
HEAVY RAINFALLS.
Gainesville, Gn .. ., .. .. ....2.29
Gnodwnter, Ala 2.08
Jacksonville. Fla ..1.98
S5 ?
70
74
If!
! s i
New York, Aug. 28.—Further weak*
ness was reported In the early foreign
markets this morning, but the declines
were of no great importance. Rusr
slan bonds fell another 1-2 point and
the discount on the new loan rose cor
respondingly. Other government se
curities were down a trifle, and It be
ing the first day of the settlement in
American shares, there was some heavy
selling by foreign operators In this de
partment. Before our opening, how
ever, the weakness in London had been
checked by buying orders from this
side, and recovery was assisted by the
completion of the "carry-over" without
the difficulties which it was feared
would result from hard hit speculators
for the decline. The support extend
ed to the London market, was signifi
cant of the whole plan of operations
here. From the opening It "was appar
ent that strong efforts were being made
to renew the advance. At the first
buying converged upon one or two
stocks only, Canadian Pacific and Atch
ison being the particular Selections.
But later, as the pressure of realizing
sales slackened, the rise extended to
St. Paul, the Pacific, the Southwest
ern shares, and some of the industrial
giving the market a fairly broad ap
pearance.
The stock market opened with some de
elded advance* In prices. Smelting nnd
day’s closing.
There was selling pressure In the market
again today, aud n good mnny of the
large operators nnd room trader* were
openly bearish In their talk, nnd looked
for continued reaction. There were realis
ing sales all nround the room after the
opening. The buying on the early reae-
t/on waa of the best character, .hut the
sources of the buying orders were con-
reeled by scattering the orders. Union
Pacific wns tnkeu by Interests directly rep-
resenting Standard Oil Interests. Canadian
Pacific wns made a strong feature ntifi rose
3% points. Next to Canadian Pacific, the
most Important price movement wns lu
Atchison, which rose to 106ft, making n new
high record. Thu Hill stocks showed
strength.
London bought about 40,000 shares, most
ly Atchison.
American Cotton Oil
Baltimore nud Ohio
Brooklyn Rapid Truusit..
Canadian Pacific
Chicago nnd Northwestern
Chesapeake and Ohio
Colorado Fuel aud Iron
Central (either
do, preferred
Chicago nud Grant Western
Chicago, Milwaukee oucf iff. Puuf
Delaware and Hudson
Distiller’s Securities
do, preferred
General Electric
Illinois Centro'
American Ice Securities %
Louisville nnd Nashville
Mexican Central
Missouri Pacific
New York, Ontario and Western
National Leon
Northern Pacific....,
New York Centra!
People’s Gas
Pressed Steel Car
do, prefer red
Pacific Mall
Rending
Republic Steel
Rock Island
do, preferred..-
United States Rubber
do, preferred
Southern Pacific
Southern Railway
do, prefer red
-
Tennessee Coal nnd Iron ...
Texan aud Pacific
Union Pacific
United States Steel
do. preferred
Virgin in-Carol Inn Chemical ..
do, preferred
Western Union
Wabash
do, preferred
Wisconsin Central
do, preferred
Total stock sales today 1,616,100 shares.
NOTES ON GRAIN
Pointer, on Provl,!on«.
RANGE OF THE COTTON MARKET
AT NEW YORK.
c
£
O
■5
c
Low |
Ji
s
U
il
Aug. . . . .
Mept
Get. ....
Nov.
Dim?, ... 9 .
Jail
Fell
March. . . .
8.90
s.:ts
9.12
9.21
9.32
9.41
9.27
9.54
8.96
8.99
9.16
9.21
914
9.43
9.54
8.86
8.74
8.87
9.04
9.06
9.14
9.22
9.26
8.86
8.74
8J9
9.04
9.06
9.16
9.22
9.27
8,68-73
8.73-75
8.88-89
8.96-98
9.06-07
9.15-16
9.20-21
9.26-27
8.92-97
8.97-99
9.12-13
9.21-23
9.30-31
9.39-40
9.46-47
9.51-62
Closed steady.
AT NEW ORLEANS.
tures In New 1
•55
tl
Closed steady.
LONDON 8T0CK MARKET.
Atchison
Canadian Pacific
fife., Mff. nnd fit. Paul..
Erie
do. preferred
Illinois Central
Louisville and Nashville.... ,
New York Central
Pennsylvania ..
Reading
Southern Pacific .
Union Pacific .. ...
United States Steel
do, preferred
GOV’MT WEEKLY
WEATHER REPORT.
Alabama—Thb w«lflierTvni» hot and sultry
The temperature aver-
dlstrlcta receiving i
though the weekly
THE WEATHER.
LOCAL FORECAST.
Little Rock
Memnhls
Mobile
Montgomery. . . .
Savannah.
Vicksburg.
Wilmington. ,
Ill
out. Av.ra...
Temp’turs.
Max.
Min.
90
88
12
86
76
SO
60
80
Ill
1*1
10 I 82 | If I .02
T Indicates Inappreciable rainfall.
REMARK8.
The temperature* have fallen several de
grees over most of the western districts
during the past 24 hours. Little or no rain
has fallen In the Gnlveston. New Orlenus.
Oklahoma and Vicksburg districts. Heavy
rains have occurred nt points In Alabama,
(.uorglit nnd World.. , R MAIintniv .
Section Director.
For Atlanta and Vicinity—Partly cloudy
and probably showers tonight aud Wedues
day.
WEATHER IN COTTON BELT.
Texas—Dallas, Tyler nnd Temple dear
and cool, Houston aud San Antonio dear
and cold.
Mississippi—Aberdeen, Tupflo, Atnnry,
New Albany, Lexington. Yncoo City. Can
ton. Jackson aud Notches dear and cool.
Meridian, Newton and Hattiesburg cloudy
nud cool.
Alabama—Birmingham cloudy, very dnm|
and cool. Selma clear and pleosaut. Mont
goniery cloudy nud pleasant. Opelika
cloudy nud cool. Mobile partly cloud;
and cool. Huntsville cloudy and cool
Montgomery cloudy nnd threatening.
Georgia—Columbus cloudy and hot. Anier-
leu* doudy and pleasant. Macon cloudy
nnd cool. Savannah partly cloudy; teiu-
iH.rntnre 83. Alimov cloudy; temperature
Atlanta cloudy and
•leans cloudy a
WEATHER IN WHEAT BELT.
any advance, and It Is a question wheth-
.. the market Is brood enough find will
attract enough general business to advance
much further. While some unsatisfactory
r«»p accounts are nt hand, the crop, ns
whole, seems to Ik* doing remarkably
well, nnd Indications seem to point to a
record yield.
GIBERT & CLAY
*• K- ALABAMA ST.
coffee. Pitovtiiow
MEMBER*
ATLANTA, OA
fij v Tor * 8tock Bxrhanga.fNew Orleans Cotton Excbange.lChlrtgo Board of Trade.
U* York Cotton Exchange. N>w Orleans Stork Exchange. iLiverpooI CottonAssociation
A«w \ or |j Coffee ExcliaugeJ.Vew Orleans B*air»l of Trade. I*, a Best on Lottoa Lkcbang*
, Private Wire* to all Exchanges,
•nd Lono Distance Telephone 5253. W.
R. FAGAN, Manager.
Northwest—Partly cloudy; 48 to 64 above.
West aud Southwest—Clear, with rising
WEATHER FORECA8T.
Georgia—Cooler Tuesday, with fair in
western nud showers lu eastern portions;
Wednesday fair; light to fresh northwest
Florida—Showers Tuesday; Wednes
day fair: light to fresh west winds.
West Tex**—Local showers Tuesday sod
Wednesday.
Arkansas—Fair Tuesday and Wednesday.
Illinois-Fair nnd warmer timlgbt; tomor
row fair; warmer south.
Indiana—Warmer tonight nnd Wednes
day.
Wisconsin—Partly cloudy nud warmer to
night; showers west Wednesday.
Minnesota—Showers tonight and Wednes
day.
Iowa—Showers tonight.
Missouri-Fair and warmer tonight; to
morrow fair except showers in the north
east.
Kansas—Fair and warmer fonigbt; to
morrow fair.
Nebraska—Fair nnd warmer west; show
ers east tonight; Wednesday fair.
Dakota* and Montana—Showers tonight or
Wednesday.
WEATHEh CONDITIONS.
The area of high pressure that was mov-1
Ing In from the northwest yesterday has I
almost entirely disappeared and tislny the f
barometer Is but little above normal In the !
ginn of highest pressure. An nren of low |
pressure lias
rainfall wns moderately heavy in a few lo
calities.
Arkansas—The temperature wns above the
norma! nnd generally favorable; the nights,
except the last two, being very warm;
showers occurred In some sections, the pre
cipitation being, above the normal every
where except In some southern counties, the
greater part of the state receltlug too
much. .. „ .
Georgia—Tho weather was generally fair,
with abundant sunsfifne. Local shower*
were of almost dally occurrence nnd were
heavy In a few central and southern coun
ties. The temperature averaged about 2
degrees nliove the normal.
Louisiana—'Temperature was nbnormslly
high, especially In the southern portion.
Mght scattered showers occurred nt the
. . . . - *- imt gener-
Tho sun-
Mississippi—'The mean temperature wns
nlKiut 3 degrees nliove the* normal. Rnliifnll
Was deficient In the southwestern nnd east
ern portions nnd wns excessive.In tho south
ern imrtlons of the Ynxoo delta and along
the gulf roast. Sunshine generaly suffi
cient.
North Carolina—Generally the weather
wns showery nud warm. The rainfall wns
nlKiut the noriiiiil, hut was badly distrib
uted, being especially heavy lu the central
counties. Reports of damage by excessive
rnlus continue. The temperature averaged
about 3 degrees nliove the iiormnl.
Oklahoma nnd Indian Territory—The
weather was generally fair. The tempera
ture averaged near the normal, hut Sunday
nnd Mondny were uiisen sunn lily cool. Show
ers occurred from the 23d to 23th Inclusive.
The rnliifnll was lu excess of the iiormnl
over the greater part of tlie section.
South crnrollnn—Showers occurred almost
generally In the central, and eastern coun
ties. They received tho heaviest rainfall.
The temperature was norninl or slightly
ntKive. The weather was sultry and there
wns much cloudiness.
Texas—Showers were general during tho
forepart of the week and scattered nt the
close of the week, but there wns consldera-
few central counties nnd wns deficient else
where. The temperature averaged normal
nnd slightly a I »ove, except In the western
counties, where It waa deficlnt. A decided
fall in temperature occurred In the north
western, northern aud central countie
the close of the week.
Tennessee—The week wns partly cloudy
to cloudy with high temperature and local
showers. The temperature averaged nnFh
nliove the iiorinnl, especially In the eastern
portion. The rainfall generally was light
* **“— * * ' — a rule.—Glbert
Private Wire to Glbert & Clay.
Chicago, Aug. 28.—Country acceptances of
wheat very light, but some of the house:*
report a Imtter disposition to sell round lots
of Nebraska wheat lit only ftc above tbe
prices that had been bid before.
The Record-!(eralu says: “Export houses
abroad. Brice
week. Cables .
pointing nud Imllcatod very little desire to
buy except lu a small way. J. A. Rankin
Is around on the bull side of wheat. *We
wM f, * ' *'
lower.''
Cash sales In Chicago were 130,000 bushels
wheat, 660.000 corn nud 128,000 oats.
Scutumrd sales were 240,000.
WHEAT OPENED OFF
There Was Little Pressure
To Sell at the Start of
Session.
good opportunity on
good disco ii.t.
Cush wheat nt Kaunas City wns In good
demand for the better quality, but 1 to lftc
lower for the poor grades.
Receipts were 423 ears n
cars heul over from Mature.-.,.
There wns n very poor foreign Inquiry for
wheat of all kinds Monday. Thu American
mining Inquiry has lieen slow. Kx|>ortcrs
of Amerlcnn r ’* “** ““*■—* —
reported the
the other side
Inst week. Hu... - — ........
were reported, but same wns mostly swap
ping around among dealers on this side.
One seaboard house was figuring ou a small
lot of choice new No. 2 hard e. I. f. Buf
falo. which wns about the only Inquiry felt
In this mnrket for hard wheat on foreign
account.
New corn la being offered In Oklahoma
or Inst half of October shipment. A Kan
sas City house wired that they could have
bought 50.000 bushels Saturday nt a price
about In linn with Galveston bids for last
half of November loading.
PRIMARY MOVEMENT.
1 iiiv in m iriirui unu corn;
Wheat—Receipt* today 429,000 bushels,
against 697,009 bushels last year: shipments
today 348,000 bushels, ngninst 377,000 bush
’s Inst year.
Corn—Receipts 639,000 bushels, ngninst
646.000 bushels last year; shipments today
660.000 bushels, ngninst 263,090 bushels last
year.
CHICAGO CAR LOTS.
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat—Opened ftc lower: nt 1:39 p. m.,
ftfvfte lower; closed ftfffte lower.
Corn—Opened unchanged nnd closed un
changed to ftc higher.
TIPS FLASHED
From Wall Street
COTTON 8EED OIL MARKET.
temperature Is the rale.
Cloudiness prevails in the southeast, along
the Atlantic coast nnd lu Montana nnd the
Dakotas.
Rnlu has fallen at nearly nil stations east
of tbe Mississippi. The following stations
reported one Inch or more of rain In the
last 24 hours: Jacksonville 2.44. Havniiiinh
1.98, Albany 1.26, Gainesville 2.20, Gnodwn
ter, Ala., 104, nnd Washington, I>. C., 1.32
inches.
he ( r
nnd probably showers
morrow.
" B. MARBURY.
Section Director.
New York, Aug. 28.—The market
cotton 0oo<t oil wan qa/et hat firm, tbe
nearby deliveries holding the recent ad
vnnee established, nud o/Terlngs, which
Were scarce, were readily taken. There
was a very little oil for sale, either Au
gust or September, and there wns less lack
of bringing new oil forward for September
delivery, although It Is understood that
some new oil Hi now on tho way. Distant
deliveries are quiet nnd rather heavy. The
mnrket nt the close wns steady, with prices
iincltauged to fte higher.—Ware A Lelnnd.
Opening. Closing.
August 35ft
September. » • • • . ~*
Octolier
November
December.
January _ _
Sales 100 October at 82ft. Closed
SOUTHERN EXCHANGE
> Oldest Established Office South.
COTTON STOCKS BONDS GRAIN
Ground Floor Gould Building. Dally
mnrket letter nnd mnrket manurU
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
ftercvtENcr, the neal bank
PHONE 1417. PRUDENTIAL BLDG
HUBBARD BROS & CO.
COTTON
b* MERCHANTS
Atlanta Office., 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Amo-
elation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange,
fluiineo solicited for tbe above exchange..
Direct wire tervice. Correspondence invited.
Phone. 4.M, L^ng Distance 39. A.S. Huitacc. Mgr
i.l l> i
<tr
has
Ntw Orltiat,
WARE & LEL
COTTON, GRAIN, PROVISIONS, S
Ms. 2 Wall St., Felert BuINlag, Mini*. C*.
kin m j.*
Vis Urk Csffss Etchant. CMcsyt issrJ sf TnU.
i Etch*if*. Chlcajt Sltck Eti
rw Ttrk
LELAN O
IONS, STOCKS, BONDS,
•r« 0,l.a>i C.tH. I
hdbdwa
Standard r
Private Wire to Glbert A Clay.
New York. Aug. 28.—We lire not prepared
for more than an ordinary reaction In
the mnrket from recent high levels.
Liquidation, started yesterday, may ex
tend further today, hut think good rnlli
a purchase on further declines.
Do not crpdlt reports of Intended In
crease In Sugar dividend, hut stock Is prob
ably worth Its present price.
The stock market still reactionary.
Uptown sentiment: There seems to ho
genuine confidence regarding both the mon
ey market and the stock market, In spite
of the hardening yesterday In rates for
time nrcommodntlouK and the failure of
Sew York It/inkern to nnnounco the en-
f .'agoineut nt gold In London. Men who
ii ‘
PRICES HELD STEADY
Grain Markets Broadened
Out Later—Provisions
Easier on Liquidation.
Chicago, Aug. 28.—Wheat was held
up by the hedges and it closed l-8c
higher. It was not allowed to break,
while the market was filled up with all
that It would take without declining
the hedger Is working cautiously but
persistently In the matter of getting out
lines. There were conditions and cir
cumstances to favor him late. Cash
wheat at Minneapolis attracted a great
deal, of attention. The small run of
new crop and the poor grndlng were
features. No. 1 Northern old was 4 1-2
and 6c nnd No. 2 sold 3 and 3 l-2c over
September; new No. 1 northern 2 and
2 l-2c over September. Daggett was
a heavy seller here of December wheat,
while he bought the September. Corn
closed tame and l-8c off to 1-8 and
l-4c up. Oats l-8c off to l-8c up. Pro
visions 2 1-2 and 22 l-2c lower.
Cash sales here 25,000 bushels corn
and 70,000 bushels oats. No transac
tions at the seaboard.
Primary receipts wheat 4*9,000 bush
els and corn 639,000 bushels, compared
with 607,000 and 645,000 bushels, re
spectively, a year ago.
Clearances for the day 238,000 bush
els wheat. 171,000 bushels corn and 15,-
000 bushels oats. t
CHICAGO GRAIN MARKET.
Chicago grain and provision* quotations
for today follow:
Open. nigh.
I U 8
Jnn... 13.36
LARD -
Hcpt... 8.67ft
Oct.... 8.80
Jan.... 7.92ft
have
ok ml Into the gold Import nucstlon
the opinion that New York could
„otten gold In London yesterday If
they had wished, Tbe fact thnt they did
not hid Is taken as strong evidence thnt
hankers here do not look for materially
higher rates for monev In the near fu
ture. It Is nnderstootf thnt nn operator
who In years past Inis boon one of the most
powerful factors In the market Is fnvornhly
disposed toward the present upward move
ment, nud believes thnt It will be carried
further.
ftCftc
nigner.
An Irregulnr nnd unsettled mnrket most
probable, uml reactionary movement likely
to extend to greater lengths. Htoekt nre
more plentiful, and while call money work
ed off,
■ mill '4 HIM- rnu Iiiuur; »
the demand for time lonna
wns
(tors
funds for
requirements.
Home
the Chicago muietmenrs or Mnnunra uu,
with the honvy fines Imposed. A chaw
analyst* of Union Pacific and Kouthern Pa
cific finances shows that over nnd above
all fixed charges and dividend requirement*
a large surplus Is shown. Would say thnt
on shaep declines, think It advisable to
take .on good stocks.
J. V, Morgan f* quoted as saying: “I
have no apprehension of serious stringency
In money. ’
London Is a large buyer of Atchison.
Market acts as If It wns scoring for it
general advance. Texas Pacific looks good.
Slocks banks have lost $2,060,000 since PH-
/tchlson
salon gr
6 per rent busts.
Good buying In Hteels. Canadian Pacific
.. bullish feature, and think (‘uppers aud
Fnel will work higher.
in”'.’. 7.22ft 7122ft
CAM!! WIIRAT-
Ny. 2 rod 71ftfl>72ft* No. 3 do "Ofttfilj
. .. ... - "0ft©71ft; No. 3 do 70tf
Tods?. Week. Yesr.
THE MADDOX-RUCKER
-BANKING COMPANY,
with capital, surplus and
shareholders’ liability of
)0,000.00, solicits ac
counts of individuals, firms
and corporations.
Idle money waiting an
investment can draw 3 1-2
per cent interest in onr.
Savings Department—with
drawal any day without
notice.
Safe Deposit Boxes
For rent tn our vaults in tbe basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We Invite
you to call and Inspect them.
Title Guarantee and Trust Co.
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, Preddent. A. E. THORNTON, Vlce-Pra.ld.nt
H. T. INMAN, Vlce-Pre.ld.nt. QEO. R. DONOVAN, C.ihl.r,
JAMES S. FLOYD, A»»*« C.ihl.r.
Capital 3500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.