The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 30, 1906, Image 11

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THE ATLAJNTA GEORGIAN. •rnitnuDAT. acoubt ». .— COTTON AT THE START WAS STEADY IN TONE Traders Were Disposed To Reduce Their Lines in View of the Com ing Holidays. SPOT COTTON MARKET. Liverpool •lomnnd limited, with price* •teady. Middling upland*. 5.39d. Hale*. 4. jwctilntloti and ex- American, 1,400. -.Mllug American, 3,700; POftt «0. Receipt: port. 400. Receipt*. 3.000; At Atlanta—Steady at 9ft«\ New York—Quirt *at 5:80c. New Orleans-Steady at 9 516c. Augusta—Stonily at 9ftc. Savannah-Quiet at 9i\ St. Louis-Dull at 9%c. Boston—Quiet nt 9.Me. Memphis—Quiet at 9ftt*. Baltimore—Nominal at 9ftc. Galreston—Quiet nt 9ftc. Wllmliigton-Nouiltial. Mobile—Nominal nt 9c. Norfolk—Quiet at 9ftc. By Private Leased Wire. New York, Aug. 30.—The undertone of, the local rnttou market at the outset waa •teady. After the call the list displayed further steadiness on a, little covering. Moat of this waa by room traders, while seeing no reason to change their bearish views, were disposed to reduce their lines In view of the coming holidays. The cotton market was quiet at the open Ing this morning, and about In line with the Liverpool market. During the morning hours the trend waa toward n lower level, though the early fluctuations covered a narrow range, market being dull. After midday commission houses and shorts were moderate buyers, and with of ferings light, an advanco occurred. New cotton Is still on the Increase, New Orleans getting 175 bales, Galveston 5,480, Mobile 5, Memphis 1, Houston 8,080 and Augusta 14L Estimates for tomorrow: 1908. 1906. Galveston 10.000 to 11.500 7,107 Houston 8,000 to 9.000 9,770 As a result of covering ou the approach of the holidays, a sharp advance occurred In the afternoon tradlug, the close bclug Dear the high point of the day. Weld, Norden and Price brokers bought heavily lu the late afternoon. TODAY’S PORT RECEIPTS. New Orleans . Galreston. . . Mobile Havunimh. . . Charleston. . Wilmington. . Norfolk. . . . Boston Total. INTERIOR MOVEMENT. sums day last year: Houston. . Augusts. . Memphis. QIBERT A CLAY S DAILY COTTON LETTER. New Orlran*, Auf. JO.-Hcarr cnvetlnu . •Iiuri. maintained n •Ira.llly mlNinrln* u»r- ket III l.lvuriKiol, hat when thU proeeaa of llntllilntlnn finally culminated option* rn*cd olt conulilernbly nml cloaed en«y from 1 to 2 imlnt. lower thnn yentrnUy. Spot quota, lion* lout 1 (mint on Mlc* of 4,0ml tmlM. The Irregularity of the market la but natural In view of the Impending govern meat report, mu! the range of prices, while moderate. I. probably Increeaed oy the aralplng Intereat, whleh largely prodoml- natea. Current Intlueneea rontlnne to mili tate ngalnat the malatenanco of advaheee. and when Impmvementa do occur, na they ■hi frequently on the overturning of the abort Intereat. tbo liettor celling baala thua - erented la eagerly Belied upon to nut out • new linen of abort commitment*. New cot* ion nmtlnuea to move freely In Tevaa, and the week, with It* elenr, dry weather, baa citlined picking to pragma at a very rapid rifte. (tin* are runutng full time and over, and aoou the weight of the movement will liecome apparent In It* Influence upon lirleea. Innect Injury haalieeu the eanaeof dnmnge U< the weat, while the uneven dla- trlhutlon of uiotature from the central and enatern aeetlona of the tielt ha* eonatltutad the grenter portion of complaint., hot, tak ing the crop na a whole. •• Indicated by our own ndvlcea tialay. the deterioration haa Iteen no more than nannl nt thin time of the year, and nil all alilea farmer, appear more than aatlallod with dieting proapecta. WARE aTeLAND’S DAILY COTTON LETTER New orlenna. Ana.' 30 -Tmlni’a cotton market wo* * good «b*al of a holiday affair. At times It showed steadiness n rather a markitl degree, but this was entirely due to covering by shorts, who were not «l****rous of carrying their commitment* over the three holidays whleh follow the closing of the market tomorrow. Bulls were not si all aggressive except for n short Bme soon af* ter the opening, when they made a per* fectly opeu attempt to run In •b°rt«» Tjw ilse of the short Intereat In the market, however, did not admit of extenalve manip ulation. nnd the buying waa boom oyer. Liverpool was good ^ugh forsome «me previous to the opening of the loeal market, but fell off Just Ijeforc the opening here. Which caused Initial prices to snow a slight losa from the level of yesterday s closing. The weather map was all that could be de sired and the telegrams from country were less pessimistic than they ^jne been. tor- clgn exchange was unsettled and weak and then* were no new developments In the alt- nation to warrant an advance. That the manipulator* could not get price* niftier, •poke volume* against the existence of an •nwleldy short Interest. THE METAL MARKET. Bv Private Leased W're. ^ New York. Aug. 30.-Tln was slightly Armcr at He advance In spot and nearby llthM^eommodltles were dull and un- changed. NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to dlhert ft Clay. New" York, Aug. 30.—Liverpool opened 2 Liverpool Is buying aud Weld Is a seller on the advance. Carpenter, Baggot ft Co. are the prlncl pal sellers. Webl and Mitchell continue their pres sure on the market. Mitchell offering 6,000 May 9.32c and 5,000 IhH*eml>er nt 9e. Dick Bros, ft Co. say: "We cannot rau aider the market In a atrong position, even on the basis of 9c for January. Technically the market la far from string In spite of overwhelming bearishness of sentiment. The reason Is that even the most Itenrlsh In terests keep feeling for the temporary tom. We favor sales on good rallies." The Commercial beam a rumor that there will he a new strong firm In local market after Oct. 1. The Journal of Commerce aavs: "The teurclty of cotton goods In alt lines finer than print cloths In first hands haa liecome acute to the point where sellers and bn r • • 4, Xo forethought l~ nrovhled ngalnst the era are being anuoyed. No forethought ild have provided against l haa come forward for .some lines, nnd buyers have been active In the past week or ten days, duplicating or- dera. only to find that deliveries cannot be £ ren ns quickly na they would like. This a led to a close comfdiig of nit sources of supply snd the use of r my lines hlth erto neglected." 3 tin was due. The weaker shorta have freely covered. Market easier on spot people selling and local hammering over today, r, but have If It continues tuny go high- no faith In It." Private Wire to Ware ft Leland. New York. Aug. JO.—Liverpool futures opened steady and unchanged on near, 1 up on late, nt 12:15 1 to f up; quiet but steady. Hales. 4.000 spots; 1 down. Futures were due to come 2 to 3 up. We can aee nothing nt all In this market this morning to buy cotton on. Buying power Is coming from shorts almost ~ tlrely nnd evening up process over the htays ny the local crowd on every rally. There is considerable cotton sold for the Houtb. Think market must work to a low er level, nnd advise sales on any little rally. Mitchell and other brokers selling cotton, the market has no friends and traders back away from offerings. New Orleans, Aug. SO.—Cables were due about 3 up on both American markets and therefore np to noon were about as ex piated. .Spots continue In limited demand. Futures are easy. The market Is not aide to absorb any amount of offering*. The bulla do not seem willing to furnish the support necessary to bring atomt a mate rial advance, although the shorta /ear ma nipulation In Liverpool over the holidays more than the longs do. BEARS EXPECT A HEAVY CROP Again New York, Aug. JO.—The Sun says: ... the market was weak early ttreatise much cotton. Columns might be written, too, on the subject nnd It would come to this and nothing more. Cotton Is pouring Into the Southern ports, the e*op reiiorts are favrable, the belief Is general that the next government report wifi hold out hopes _ - • * -* yields on record, sud, ... ....erpool, wE‘ " * parently been favoring the bull of late, suddenly broke tmdly. Bullish ar guments were of no avail. A new statisti cian stated the general condition of the * no effect. w and, al though deterioration Is rejiorted In Lous! non, nnd Arkansas, that Is nothing unusual during August. It la believed that It Is no 1 greater than In some of the best years on record. Meantime room traders hammered the marker, and If the bull leader gave any support Ita effect waa not clearly percepti ble. Whether the market ran still be aokl short with Impunity for any great length of time remains to lie seen. The universality of the bearish sentiment seems at the mo ment aliont the only thing on which n bull can count to bring about a rally. In other ■—*-ii a benr ami In an enr aide la very ant . overdone. A rally, however. In such condi tion* would probably prove to be ouly tern- IKtrary. The South and spot Interests were selling, nnd moat of the buying waa simply to cover shorts. Yet the covering late In the dny was no active that much or the losa was recovered before the dose.—Glbert ft Clay. New Orleans. Aug. 30.—'The Tlmea-llemo- erst says: Tenacity of purpose rather thnn trade demnnd checked n Ing lent tendency toward lower prices, aud yesterday'a cotton market, while distinctly favoring the t>ear, might have l»een worse from the cla-At- lantlc bulls* viewpoint than the final fig ure* Indicated. Beyond vhe shadow of a doubt, the talent la trading on the drift of general sentiment, consequently the yet un- knowu relationship of supply and demand ral- known relationship of supply and den another year Is playing a more nr less ondary role In the speculators' current men! may bring complications not now an- * •* “ ~ average seller of the other . The noutb has been edu cated fo high price cotton, a fact which cut* iNJtb way*. The every-day* speculator, accustomed na he Is to 10 and 11 cents, can ot easily resist the temptation to regard otton after ever/ slump as cheap at the rice. On the other hand, some very poal- .Ive and telling wrice vlewa. are pretty sure to come from the farms long before the spinners are given a chance to fill their re quirements under the 9-cent mark, lu the event nothing happens to the world’s trade In manufactured good*. In the Interim ex isting sentiment will probably undergo noi sweeping change. _ w . , The New Orleans snd the New, tark cot ton exchanges will remain rlosed Haturday and Mouday, September 1 and 8.—Glbert ft Clay. . L. J. ANDERSON A CO/8 DAILY COTTON LETTER New York. Aug. JO.-The reactionist* were f in In evidence tbla morning In the fare a weak Liverpool. ■««> price* were bid np right after the opening for about 7 points, but the weight of favorable cron reports was too much for them. They had to turn loose. .Cotton seemed to be of fered from ’everywhere. Thousands of bales RANGE OF NEW YORK STOCKS AND' COTTON MARKETS NAME OF STOCK. Attain.- American Hngar Itcf, Anaconda American !*nromotlve «Io. preferred Baltimore ft Ohio Brooklyn Rapid Transit Canadian l'selflc Chicago ft Northwest'n Chesapeake & Ohio Colorado Fuel ft Iron Central Leather do. prefer red Chicago ft Great W Chicago. Mil. and Ht. I» Delaware ft Hndson Distiller's Securities. do*. * preVerrc<I .*.’.’.'.’.’.'.’ .*!.’.’ .* General Electric Illinois Central American lee Securities Louisville A Nashville Mexican Central Missouri 1'aclfie.... Total sales today 1.326,000 shares. NAME OF STOCK. N. Y.. Ont. ft Western.. National I .cud Northern Pacific New York Central Norfolk ft Western PeutiN.vIvsnla I'eoflie’s this Pressed Steel Car do. preferred .•actfit* Mall Rending Republic Steel /. Rock Island do. preferred ('tilted States Rubber do. preferred Southern pue! tic Southern Railway do. preferred SloKM-Sliefflebl Teuti. Coal ft Iron “ xss ft Pacific . .don Pacific I'nltcd States Steel do. preferred -Car. Chemlral do. preferred Western Pnloti Will Kish do. preferred Wisconsin Central preferred NEW YORK. Closed very steady. NOTES ON GRAIN Pointers on Provisions. Private Wire to Glbert ft Clay. Chicago, Aug. Sfl.—Provisions opened steady to strong on good local buying. Good caah demand reported over night, and local crowd went home short. They nre covering thin morning, and there la aome buying of the January option for Investment. Onta opened steady. Cash houses buying December. Trade light. Thluk profits should be taken on pro visions on all hard spots. ".nr, lowing Tuesday. till the fob Record-Herald: Elevator people nre nre- ,000.008 to 6.000.000 __ lay. A large part of the long Interests haa been eliminated by the recent 16c decline and by the large Private transfers from September to Deccni- »er last week. Nevertheless a fair quantity of wheat will lie taken In and paid for by rommlsslon house* for the account of mis cellaneous consumers. Board of trado members will vote on Wednesday next on the proposition to change the commission rule, back to where It was lief ore March 1. Friends of the tneaeure assert that It will carry. Private Wire to Ware ft Leland. Wheat market shows effects of September liquidation. Expect more of It, which should give us Tower market. Wheat open* weak nnd market seems to have lots of September on It. Chicago Inter-Ocean: Cash wheat wan relatively a shade firmer, new No. 2 red ‘ ring quoted nt UflHo over September f. o. . ana No. 2 bard September price to He rer. There was a fair milling demand for enr Iota, but little Inquiry for round lots. Ac ceptances were light. No export sales were reported by loenl houses, the demand l»eiug poor, with limits too low to work any bnaf- inr i nlu i ?i!i Tuesday next and do not want stock up In fare of deliveries and Urge receipts. Corn market ensy with September more pressing than older months. Demand very poor. September oats dragging with difference IHc, or the widest yet from Decemtwr price. Trade small and mainly of thv rhnnglng sort, Septemlier and December. Provisions fairly steady. Receipts hogs at western points 9.000 heavier than name day last year. Brokers, thought to lie op erating for Swift, sold Heiitemlier lard. Cudahy Packing Company sold October lard and riba. Shorts best buyers. Market quiet. Cash corn In Chicago was In fair demnnd, rlth price# H®H«* higher. Accentnncea were irger thnn any day In a montu. A brisk demnnd waa reported f«»r oats from the east. Prices were H6Hc higher. 1/ieal sale* were 106,00.) bushels wheat. In ludtug 75.000 No. 1 red. 135.000 corn and .10,000 oats. The seatioard reported 144,000 wheat. 50.000 corn and 10,000 oats for export. The wheat waa given Ita rhanee for the new# from tl " sages galore ' tlon with tone ... — the darkest pessimism to buoyant opt! On the theory that where there was *»> much smoke there must he some fire, trad era were Inclined to plnee some reliance In the arorlea of crop Injury nnd there wn» some buying early on the strength of these reports, one of the best buyers of Decern- tier esrly wns understood to have received authentic r “ ** * * look of the emanating from the leading Montreal firm claiming that the full extent of the Injury to crops had not ( been realised. CHICAGO CAR LOT8. Today. Tomorrow. LIVERPOOL. future ofn‘nr<l quli-t nml ati-ndj. Op«-nlliff I-rorlou, Bunin. Clow-. Cliw. M0 5.07 5.09-8.10 6.01 5.02 LOO 5.01 4.92- 4.M 4.90-4.91 4.9- 4.90-4.92 4.90 4.69-4.90 4.90-4.92 4.90 4.19-4.90 4.91 4.91-4.92 4.90-491 4.93- 4.96 4.03 4.93 4.94*4.90 4.95 4.94 4.90 4.99 4.97 4.95-4.96 6.00 4.90-4.99 4.97 AtifU.t. . . . Auf.dtapt. , ■ Kapt.-rtct. . . Oct.-Nov. . • Nor.-Itcc. • • Her.-Jan. . . Jan.-Felt. . . Kch.-Slarrh. . Marcb-Aprll. Aprtl-Majr. . Cloned raay. NEW ORLEANS. Oct. . Nov. , Dee. 2- ” 3a s _ 9.2o| 9.2o| 9.00 >.021 9.021 9.021 9.101-14 9.Us ft.Kl 9.M 9.08-09 8.98 9.08-10 “ 9.08-10 9.18-17 9.21-23 9.20 80 9.02-05 8.9990 8.99-01 9.00-01 9.07-08 9.11-13 9.17-18 WEATHER FINE! CABLES LOWER Opened Wheat Weak and Lower, Professionals Heavy Sellers for First Half Hour. By Private Leaaed Wire. Chicago, Aug. 30.—The .on* of the grain trader wee heft'd Id the big pita on the board of trad* There were momenta of dullneaa and the .lny'e bualnena waa not to the liking of the broker*. The northweat long* were again picking out the pooreat thrashing return* and sending them broadcast In order to Inlluenee values, without great deal of succesa. Closing price* showed wheat 3-»© l-2c lower. ' Com waa unchanged to l-4@3-8c lower. Oata l-8«3-Sc higher. Provision* unsettled, but mainly Caah aalea here were 46,000 bushel* wheat, 146,000 bushel* com and 165, 000 bushela oata. The seaboard reported 10 load* wheat, 3 loads com and 10,000 buahela "'primary receipts of wheat 466,0011 against 873,000 a year ago: com re ceipts 101,000, against 070,000 bushela Clearances 464,000 bushels wheat, 50,000 bushela corn and 700 buahela bats. cfllCAGO DRAIN MARKET. Chicago grain and prarlalona quotatioaa for today follow: Her. . . 74 May . 77% COHN— «2Ea the market and prices reprised i part of the day's loss. This state of af fairs cannot last much longer; a substantial movement one way or the other must lie made at an early date. For the time It would seem most favorable for a fair ral The short Intereat Is large, and about ly. The short Intereat Is large, and about all that Is possible has been done on the bear side for the time belmr. It Is probable that the big operators will favor a rally between now and the government reports. sired. GIBERT & CLAY ■ 4C. ALABAMA BY. STOCKS. BONDS. COTTON. CRAIN. CO FFCC. PROVISIONS ATLANTA, CA. MEMBERS w York Cotjon EESSb Orirana KJard of Tr*3».|<7ai'iMtoa 'Cotton Eictiauf* Prieto Wlrra to.ll Exchaorra. _ Local and Lena DUtanoe Telephone 5293. W. IL- FAGAN. Monitor. Ortoono Cotton Etcboago.ICblctgo Board of Trod*. Orlraaa Stork Eirbauo. Liverpool Cotton Atooriatlon Orleans Board of Irriojualrraton Cotton Etct ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA- FORMER ATLANTAN ADJUTANT GENERAL The friend* of Colonel J. C. Boyd, of OreenvIUe, B. C.. formerly of At lanta, will be pleased to learn of hla nomination aa adjutant and Inspector general for 8outh Carolina at the re cent state primary. It was a splendid victory for Colonel Boyd, aa he not only received an overwhelming major ity, but carried hla opponent's hom, county. This is a well deserved compliment from the eltliena of South Carolina to Colonel Boyd, who haa long been Identmed In the state militia, and as one of the most progressive men of the state. Colonel Boyd Is a brother of Mr*. R V. Wyatt end Captain V. H. Boyd, of this city, and wa* at one time In bu*l- neas here In the Arm of Boyd A Brum by. He la well known to all the older reildenta of Atlanta. COUNTY DEMOCRATS NAME KRY CHAIRMAN mm S'.:8L ill $ la ia I'AHII WHEAT— No. 2 rad. 71U672: No. 3 do. 70^071%: No. 2 hard winter, i0VKf71; No. 3 do, &tt970. NORTHWEST CARS* PRIMARY MOVEMENT. The following figures glvs the primary movement of wheat and eom: Wheat—Receipt a, .tojtay 455,088^ bushels Torn—Receipts today 391.000 bushels against 874.000 bushels last year. Shipment* today 288,000 bushels against 874,000 (mshels NEWS PROM CROP. Weather In Belt r New York, Aug. 30.— 1 The Journal of Com merce says of ludlan Territory: Compared with Inst month, cotton shows general de terioration, but conditions probably better than year ago. Plant haa taken on large growth. Is healthy and In many Instances reported fruiting well. Boll worms serious ly complained of. — Home paper says of Oklahoma: Deteriora tion. If any, has been slight since last re port. Fears that large growth will b© nt the expense nt maturity. Henson fully two or three weeks late. Report* generally op timistic. lasrge, strong weed with good fruit ami well cultivated. Of Texas: Excessive moisture Is responsi ble for practically all eoniplnluts, which are almost universal, cnrylng from utter ruin to slight or only prospective. Damage since the middle of August; the weather has lieen favorable to the rapid develop ment of the lioll weevil and worms, aud hardly without exception their presence has Inspired report* of great damage. Tho map Is again very good. Clear nnd dry In Texas and the hnlnnce of the west ern licit. Fairly heavy rains have fallen lu Georgia, AlalMimn, Tennessee nml the Carolina*, where they are not necessarily harmful. The continued dear weather In Texas Is reassuring, aud should silence for a while reports of weevil damage. The eastern forecast Indicates fair wentb cr for Alabama ami east Florida tonight and tomorrow; balance showers nnd unset tied weather. The western forecast Indicates fair fo- STOCKS WERE HIGHER THROUGH FIRST HOUR TIPS FLASHED From Wall StreeL Private Wire to Glliert ft ('lay. New York, Aug. 30.—I'ntnwn sentiment The character of yesterday's market was more convincing to those Interests who have lieen skeptical regarding the present move meut than that of any previous day. " Is of course more tig the tiinnej .... come to iNdlevc flint the strength of the Interests who are managing this cam paign Is so groat that the momentary condi tions will not have n more potent effect ujKin the stock market than to cituac reac tions of n few poluts from time to time. The liellef Is still apparently strong that In due time a considerable amount of gold will l»c Imported. Ijooka like bull market, but would buy them only on weak spots. We expect an active market today, with rising tendencies, especially In rails. Htcel preferred should be a purchase. It seems to be about the rlieii|»e*t stock ou the The New York Flnniichil Bureau says: l*ntest developments show two things coti nny amount of stocks. It will not suffer |j|ttj>r l»rnc- forced of bluff or else really has'engaged Targe amounts of gold brnond ami has definite as surances of treasury relief. Wc see no ren- son for changing our neutral position, how ever, and with the exception of specialties wc would strictly oliscrre trading rules of selling on rallies and buying on declines. But we look for s|M>clnlty Improvement, as stated for the Inst two days. It seems determination Is stranger than ever to keep mbllc Interest. This can mean only one hlng eventually, and that la that the level will nt least lie maintained to Im» raised later when the situation I* propitious for distribution. The news this morning Is not of great mportum-e. but the Philadelphia trouble sems to us to Imve subsided to n great extent nnd Is nt least liellttted by the rise In the Philadelphia stocks, so called. The market aa a whole la now ap proaching the high levels or limits again, and professionals will, on Its reaching them, a turn with smull stops. , LIVE 8TOCK MARKET. By Private (.eased Wire. Chicago. Aug. 30.—Hogs: Estimated re ceipt* today. 18,000. Market 6c lower; qual ity fair: left over. 13.195: bulk. ».704/5.20: Cattle—Estimated receipts. 10,000. Market steady: quality fair: beeves. S3.8508.IS; cows, fl.3504.30; heifers, $2.2605.50; calves. S&6007.60; good prime steers. $5.4008.85: poor to medium. $3.9006.30; Stockers wud feeders. $2.3004.25. Hheep— Estimated receipts. 18,000. Market steady; quality fair; native, $3.15416.80: western. $3.2&j6.60; yearlings. $5.8006.26; lambs, $4.SD0L%; western, $1.6007.76. THE COFFEE MARKET. New York. Aug. 30.—Tho coffee market opened hnrely steady at a decline of 6 to 15 |Hilnts In response to renewed liquida tion and lower European cables. Trading wns moderately aetlve daring the forenoon, nnd prices held around tin* Initial figures mi account of the covering of shorts and some support from trade Interests, which slisorlied the offerings quite promptly and prevented n further break In prices. There wns nothing fresh lu the news.—Glbert ft Clay. Following Is the opening range and close . -*— *- ----- —rket for to- Oiienlng flange. ( March ... ... . April June ... July August Heptember ... 4 Octolier Novetulier Ilecembcr Closed steady. Rnnge. Close. . 8.50 6.56-8.60 . 8.55 8.80-6.85 . 6.86 6.70-8.76 . 8.45-6.75 8.754.80 . 6.75 6.804.85 . 6.104.90 6.04.90 . 6.854.90 6.904.95 . 6.20 6.204.25 . 6.264.X 6.304.36 . 8.39 8.304.35 . 8.354.45 6.K4.43 . 8.4a 6.454.60 SOUTHERN EXCHANGE Oldaat Establish'd Office Smith. COTTOI—STOCKS—8QIW- —GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on apii'.lcatlnn. THE MADDOX-RUCKER BANKING COMPANY, with capital, surplus and shareholders’ liability of $900,000.00, solicits ac counts of individuals, firms and corporations. Idle money waiting an investment can draw 3 1-2 per cent interest in our Savings Department—with drawal any day without notice. Impressive Buying in Many Issues Partly Offset Wlmt Was Considered Very Good Selling.* By Private Leased Wire. New York. Aug. 39.—Both In the enrh London dealings and at the opening liere yesterday's violent speculative demonstra tion was followed with a farther upturn of prices. Gallia of 401 point were mads In London, and even the later ndvn nre# were recorded within the first few mlnntra of the trading here; It* seemed, however, to all onllnaryoliserrntlon that an effort has lieen made to open price* as high ns possi ble for the pnrptMte of affording a wider margin for profit taking. At all erentn rhg high level# of the day were made In the first quarter hour, when Great Northern pr©ferr**d sold up 8 point*. 1’nlon Pacific 1*£. Baltimore and Ohio 2, Reading %. and Pennsylvania 2 points. Heavy profit taking act In and then from then on for the rest of the morning the I market slowly fell away. The principal check ou afieciilntlre operation* won the advance In rail money to 7 per cent. While this had lieen more or lc** reckoned in view of the payment* nt thp first of the month. It directed attention more serious ly to the bank position, ns It Is likely to 1>e shown the close of the week. To the subtreasury-olone the banks have lost over $4,000,000, or nearly ns much as remained Inst Hnturdny for the entire sur plus reserve. I In the stock market opening prices show ed general advance*. Norfolk nnd Western uii I per cent. Rending up Q. Northern Pa cific 4. Eric 44. Brooklyn Rapid Transit nnd Colorado Furl %. Ht. Paul opened «*n 3.000 shares nt an advance of U4. Southern Pacific wns up *4. Great Northern pre ferred opened at a gain of 4H points, i l vanced a point further, then lost 4 paints. The market ruled active- and generally higher through the first hour, with Im pressive buying In many .Issues, offset part ly by what was considered vert* good sell ing lit the same time. The Hill and Ilar- rlmnn stocks nml Chesapeake nml Ohio were the most active In Hie trading. BLptidon' was, again n .fairly large Irarer the ojictJ „ .■ utes the giMNl buying and selling was al- moat equally lulls nerd, but the supply * free sellers all around the room, another reaction at the . cml of tho first hour. Oo«eminent bonds were unchanged. Oth- r iNinds steady. LONDON 8TOCK MARKET. Anaconda Atchison Canadian Pacific Chi.. Mil. ft Ht. Paul Erie ... .. Illinois Central Louisville ft Nsshvllls . New York Central ... Pennsylvania Bending Honthern Pacific ... .. nlon Pacific ; I’nltcd Htntcs Hteel .. do- preferred COTTON SEED OIL MARKET. then* Is considerable confidence In the near deliveries on account of the/small stock**, the trade does not appear to be willing to buy a grant deni. Influenced by the discount on the forwanl deliveries nnd the lltieml estimates on the ration-crop. Aside from Red by the demand nml supply of set mil oil. Prices st the close were unchanged to l*4c lower. Males for the day amounted to 3.000 tisrrala; August loo nt 38c. September October 1,000 nt Novenilwr 291409) December 29Q03O January * • . . 29I463’ 1 PRICE CURRENT CROP REPORT. Cincinnati, Aug. 90.—The Price Current iys: Less Inclination to market winter ■heat at present prices. Corn continues In Urn* promise, targe acreage winter wheat •■Mated. Good pasturage savlr f Packing 42),000 ngalnst LIVERPOOL GRAIN MARKET. Wheat opened ft lower; 1:39 p. m., lower; closed ft tower. Corn opened unchanged: 19) n. m., higher; dosed unchanged to ft higher. LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 RErCRCNCe. THE NEAL BANK PHONE I4FT. PRUDENTIAL BLOC Safe Deposit Boxes For rent In our vaults In the basement of the Empire 3)uilding 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. oorroN^^A^, Provisions, 1 ^toiKsPbonds, Is. 2 Will 51. v Alfalfa* 6». Chltigo fort «f Trail. China* Stock hchaaga. ffaw Tarl Cotft* hchtago. tJVlttt fa ffaw York, Horn Orltus. Cikafa. 8. C COTfiiAH. Fiaaaar. ** Standard rhont 2 31 % Compound Interest I* the rat. your mon.y will draw If depoilted In the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You art Invited to call and Irapect our quarter, and inveatlgat* our facllltlea to terve you. A hearty welcome await, you at thla bank. A8A G. CANDLER, President. *V. H. PATTERSON, Viee-Prec. A. P. COLES. Caahier. %HN S. OWENS, Vice-Pres. WM. D. OWENS, Aast. Caahier. ftp-rial to Tbr Oronrtan. Columbua. Go., Auc. 10.—J. B. Kry wae elected chairman of tho Demo cratic executive committee of the county over L. T. Bowden by a big majority at a man meeting today. TRY A WANT AD IN THE GEORGIAN HUBBARD BROS & CO., ESm Atlanta Office*. 219-HI Century Building. Member, New York Cotton Exchange. New Or leans Cotton Exchange, Liverpool Cotton Aaeo- elation, Chicago Board of Trade. New York Cof fee Exchange, New York Produce Exchange. ButlncM eollclted for the above exchange* Direct wire eervlce. Correepondence Invited. Phonei 454, Long Distance 39. A.S. Huitacc. Mgr. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, Preildent. A. E. THORNTON, VIce-PraaldenL H. T. INMAN, Vlct-Prexldint. GEO. R. DONOVAN, Caahier. JAMES 8. FLOYD, Aes't Caahier. Capital...: ... $500,060.04 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. MMnai nil «j|