The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 31, 1906, Image 11

Below is the OCR text representation for this newspapers page.

THE ATLiAJNTA UJbuttttJLAN. 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 dcinuud limited, with prices Steady. Middling uplands, 5.39d. Sales, 4,- 000; American. 3,700; speculation nud ex port. 400. Receipts, 3.000; American, 1,400. Atlanta—Steady at 9%c. New York—Quiet at 9:80c. New Orleans—Steady nt 9 518c. Augusta—Steady nt 9%c. » Savannah—Quiet nt 9c. St. Loul*—Dull nt 9%o. Boston—Qulat nt 9.8fle. Memphis—Quiet nt 9%r. Baltimore—Nominal nt 9%c. Galveston—Quiet nt 9%c. Wilmington—Nominal. Mobile—Nominal nt 9c. Norfolk-Quiet at 9%c. By Prlvnto Leased Wire. New York, Aug. 39.—The undertone of the local cotton market at the outset was steady. After the call the list displayed further steadiness on n little covering. Most of this was by foam traders, who, while seeing no reason to change their bearish views, were disposed to reduce their lines In view of the coining holidays. The cotton market was quiet nt the open ing this morning, and about lu Hue with the Liverpool market. During the morning hours the treud was toward a lower level, though the early fluctuations covered a, narrow range, the market being dull. After mlddny commission houses and shorts were moderate buyers, and with of ferings light, au advance occurred. New cotton Is still on the Increase, New Orleans getting 175 bales, Galveston 5,480, Mobllo 6, Memphis 1, Houston 8,080 and Augusta 14L Estimates for tomorrow: 1906. 1905. Galveston 10,000 to 11,500 7,107 Houston ,.... 8,090 to 9.000 9,770 As a result of covering on the approach of the holidays, n sharp advauce occurred In the afternoon trading, the close being near the high point of the day. Weld, Nordcn nud Price brokers bought heavily In the late afternoon. TODAY’S PORT RECEIPTS. The following table shows receipts st ths K rts today, compared with the same day it year: New Orleans . Galveston. . . Mobile Savannah. . . Charleston. . Wilmington. . NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Glbert & Clay. New York, Aug. 30.—Liverpool opened 2 to 3 «P. ttlMiut nu expected. The market here Is very soft and will not stand any pressure. Liverpool Is buying nud Weld Is a seller on the ndvauce. Carpenter, Hnggot & Co. are the prlucl- pal sellers. Weld and Mitchell continue their pres- ire on the mr-'—* Mitchell offerli Decemlier at 9i\ pick Bros, k Co. say: “We cannot con sider the market In a strong position, even on the basis of 9c for Jauuary. Technically the market is fur from strong In spite of overwhelming bearlshuess of sentiment. The reason Is that even the most Ifenrlsh In- its keen feelh tom. _ The Commercial hears n”rumof’that there will be n new strong Arm In local market after Oct. 1. The Journal of Commerce says: “The icarelty of cotton goods In all lines Oner than print cloths In first hands has liecouie acute to the point where sellers and buy ers are being annoyed. No forethought In buying could have provided against the great demand which has come forward for some lines, and buyers hare l»een active In the past week or ten days, duplicating or ders, only to And that deliveries cannot be given ns quickly ns the/ would like. This has led to a close combing of nil sources of supply and'the use of many lines hith erto neglected." — weaker shorts have freely covered. Market easier on spot people selling and local hammering. New York wires: “Some disposition to cover today. If It continues may go high er, but have no faith In It." Private Wire to Ware & Lehtnd. New York. Aug. 30.—Liverpool futuren opened steady and unehnnged on near. 1 P ou late, at 12:15 1 to 3 up; quiet but endy. Sates, 4,000 spots; 1 down. Futures were due to come 2 to 3 up. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK.. Amalgamated Copper. Atlnutic Coast Line American Sugar Kef.. Anaconda American Locomotive preferred We his V1I , , [Miwer Is coming from shorts almost en tlrely and evening up process over the hol iday* by the local crowd on every rally. There Is considerable cotton sold for the South. Think market must work to n low- "Jli level, nud advise snles on any little Mitchell and other brokeni selling cotton, the market has no friends nud traders back awny from offerings. New Orleans, Aug. 39.-Cables were due about 3 up on both American markets nud therefore up to noon were about ns ex pected. Spot* continue In limited deinnnd. I* utures are easy. The market Is not able to absorb any amount of offerings. The bulls do not seem willing to furnish the support necessary to bring about a mate rial ndvauce, although the shorts fear ma nipulation In Liverpool over the holidays more than the longs do. INTERIOR MOVEMENT. The following table shows receipts st ths Interior towns todsy, compared with the same day last year: Houston. . August*. . Memphis. . Ht. Loul*. . Cincinnati. Total. GIBERT A CLAY’S DAILY COTTON LETTER. shorts maintained a steadily ml ket In Liverpool, but when this process of liquidation finally culminated options eased off considerably and closed easy from 1 to 2 points lower than yesterday. Hpot quota tions lost 1 point on sales of 4.0W) bales. The irregularity of the market Is but natural In view of the Impending govern nient report, and the range of prices, while moderate. Is probably Increased t»y the scnlplng Interest, which largely predomi nates. Current Influences continue to mili tate against the maintenance of advances, and when Improvements do occur, as they do frequently on the overturning of the short Interest, the better selling basis thus new lines c. —- ton cuutluues to move freely lu Texss, and the week, with Its dear, dry weather, has caused picking to progress at a very rapid rate. Gins are running fnll time and over, and soon the weight of the movement will become apparent In Its Influence upon prices. Insect Injury hns been the cause of than satisfied with existing prospects. WARE aTeLAND’8 DAILY COTTON LETTER New Orleans, Aug. 30.-Today’a cotton market was a good (leal of a holiday nffalr. At timet It showed steadiness In rather ft marked degree, put this was entirely dne to covering by shorts, who were not desirous of carrying their commitments over the three holidays which follow the, closing of the market tomorrow. Bulls were not st all aggressive except for a short time soon af ter the opening, when they made a per fectly open attempt to run In shorts. The Rise of the short Interest In the market, however, did not admit of extensive manip ulation. and the buying wna soon over. Liverpool was good enough for some time Previous to the opening of the local market, but fell off Just liefore the opening here, which canted Initial prices to snow a slight loss from the level of yesterday’s closing. The weather map was all that could Ik* de sired and the telegrams from eouutry were less pessimistic than they hare been. Mr* Hgn exchange was unsettled and weak and there were no new developments In the sit uation to warrant an advance. That the manipulators could not get prices higher, *|H>ke volumes against the existence of an unwieldy short lutercst. THE METAL MARKET. Br Private Leased W’re. New York, Ang, 30.—Tin was slightly firmer at %c advance In spot and nearby deliveries. Other commodities were dull and un changed. BEARS EXPECT A HEAVY CROP New York. An*. JO.-The Hun eny«: Agnln the innrket tvnj weak curly because of much cotton. Column. might I* written, too, on the subject and It would come to this and nothing more. Cottou Is iiourlng Into the Southern |»orts. the crop reports are fnvrnbte, the belief Is general that the next government report will bold out hopes of one of the biggest yields on record, mid. to cap the climax, Ureri»ool, which had ap parently been favoring the bulls somewhat of late, suddenly broke badly. gmnents were of no avail. A „ olnn stated the general condition of the plant nt 79.2 |»er cent, but It bad no effect. The Georgia crop Is looking better, mid, al though deterioration Is reported In Lousl- nun and Arkansas, that Is nothing unusual during August. It Is lxdlcved that It Is no greater than In some of the l»est years on record. Meantime room traders hammered the market, nml If the bull leader gave any support Its effect was not clearly percept!- Me. Whether the market can still be sold short with Impuulty for any great length of time remains to In* seen. The universality of the bearish sentiment seems at the mo ment about the only thing on which a ball can count to bring about a rally. In other words, everylHHly is a Itenr and In such cir cumstances the bear side Is very apt to Ih* overdone. A rally, however. In such condi tions would probably prove to be only tem porary. The Mouth and spot Interests were selling, and most of the Inlying was simply to cover shorts. Yet the covering late In the day was so active that much or the loss New Orleans, Aug. 30.—The Tlmes-Demo* rat aaya: Tenacity of purpose rather than rade demand checked a logical tendency toward lower prices, and yesterday’s cotton innrket, while distinctly favoring **-- * . . - w ‘ “ r!ewpol_ Indicated. Beyond the shadow of .. doubt, the talent la trading on the drift of geueral sentiment, consequently the yet un known relationship of supply and demand another year is playing a more or less sec ondary role In the speculators’ current 'cal culations. This hypothesis being reasonably correct, the adjustment of errors of Judg ment may bring complications not now an ti by the average seller of the other _ property. The Mouth hns l*een win- rated to high price cottou. a fact which cuts both ways. The every-dny speculator, accustomed ns he Is to 10 and 11 cents, can not easily resist the temptntlou to regard cottou after every slump an cheap nt the price. On the other hand, some very posi tive and telling nrice views nre pretty sure to come from the farms longjbefr— spinners are given Ain. Car Foundry Baltimore & Ohio Brooklyn Knpld Transit Canadian Pacific Chicago & Northwest’n Chesapeake & Ohio Colorado Fuel & Iron Central Leather do. preferred Chicago & Great W Chicago. Mil. and Mt. p Delaware & Hudson Distiller’s Mecuritles Erie * do. preferred General Electric Illinois Central American ice Mecuritles Louisville * Nashville Mexican Central Missouri pacific Total sales today 1,328.000 shares. NAME OF STOCK. .kimmmi iH-au...... Northern Pacific.... New York Central. Norfolk A Western, Pennsylvania People’s Gas.. Pressed Mteel Car do. preferred /settle Mali ... Bending Republic* Mteel Buck Island Southern Pacific Southern Hallway do. preferred Mloss-Mlieffleld Teun. Coal & Iron Texas A- Pacific Cnlon Pacific United States Steel do. preferred Vn.-Cnr. Chemical do. preferred Western Union Wabash — *o. preferred Wisconsin Central do. preferred NEW YORK. lures lu New Aug. . . Sept. . . Oct. , . Nov. . . Dec. . . Jan. . . Feb. . . March. . 3 ti 8.76- 781 8.64 8.77- 78 8.69-70 8.94-96 8.83-84 9.35-36 9.22-33 Closed very steady. NOTES ON GRAIN Pointer* on Provisions. rbnnre to fill their re quirements under the 9-rent mark. In the event nothing happens to the world’s trade In manufactured goods. In the Interim ex isting sentiment will probably uudergo no "'tX? 1 85w“ASStn■ nnd the New York cot ton exchanges will remain closed Saturday and Monday, September 1 and A—Glbert Sc Clay. _____ — L. J. ANDERSON A CO.’S DAILY COTTON LETTER New York. Ang. 30.-The reactionist! were again In evidence this morning lu the face of s weak Liverpool, and prices .were bid up right after the opening for about 7 points, but the weight of favorable cron reports was too mueh for them. They had to turn loose. Private Wire to Glbert & Clny. Chicago, Aug. 80.—Provisions opened sternly to strong on good local buying. Good cash demnnd reported over night, nnd local crowd went home short. They are covering this morning, and there Is some buying or the January option for Investment. Oats opened steady. Cnsh- houses buying December. Trade light. Think profits should be taken on pro visions on nil hard spots. Saturday Is delivery day. Time for de livery 8:80 to 9:15. As Monday Is holiday, nil stuff taken must be carried till the fol lowing Tnesday. Record-Herald: Elevator people nre pre dicting deliveries of 5.000,000 to 6.000,000 bushels of wheat Saturday. A large part of the long Interests has lieeu eliminated by the recent 15c decline nnd by the large private transfers from rieptemlier to Decent- >er Inst week. Nevertheless a fair quantity of wheat will be taken In nnd paid for by commission houses for the account of mis cellaneous consumers. Board of trade ineml>crs will vote on Wednesday next on the proposition to change the enniinlsslon rule back to where It was before March 1. Friends of the measure assert that It will enrry. Private Wire to Ware & Leland. Wheat market shows effects of September liquidation. Expect more of It, which should give us lower market. Wheat opens weak nnd market seems to have lots of Soptcml>er on It. Chicago Inter-Ocenu: Cash wheat was relatively a shade firmer, new No. 2 red being quoted at lfflUc over September f. o. b. and No. 2 bard September price to %c over. There was a fair milling demand for . *ta. lint little I nan* ' * * * reptnneef were llgn Ing. The crowd here are afraid they have big hunch wheat laying around on Tuesday next nnd do hot want stock up lu face of deliveries nnd large receipts. Corn market easy with September more pressing than older months. Demand very poor. Septemlier onts drugging with difference 114c. or the widest yet from December price. Trade small nud mainly of the ('hanging sort, Septemlier and Decemlier. Provisions fairly steady. Receipts hogs astern poluts 9,000 heavier thnu same •*- ^ r|| thong* sold Septemlier lard, \ Octofier lard Market CnAb corn lu Chicago was In fair demnnd, rlth prices %tr\c higher. Acceptance* ’ larger than any day In a month. A brisk demand waa reported for onts from the east. Prices were ‘4©He higher. l.ocsl sales were 106,00J bushels wheat. In eluding 75,000 No. I red. 135,000 corn nnd 280,000 oats. The scalioaril reported 144,000 wheat. 50,000 corn nml 80,090 onts for export. The wheat was given Its chance for the news from the northwest yesterday, mes sages galore -being received from that sec tion with tone of the advices ranging from the dnrkest pessimism to buoyant optimism. On the theory that where there was sc much smoke there must be some fire, trad ers were Inclined to ptneo. some reliance In the stories of crop injury nml there was some buying early on the strength of these reports. One of the la*st buyers of Decent- ls*r early was understood to hnve received nuthentlc reports regarding the serious*out look of the Cnnndlnti wheat harvest advices emanating from the lending Montreal firm claiming that the full extent of the Injury to crops bad not lieeu realized. CHICAGO CAR LOT8. LIVERPOOL. Futures opened quiet and steady. Opening Previous Range. Close. Close. , 5.10 5.07 5.09-5.10 6.01-5.03 5.00 5.01 • 4.92- 4.93 4.99-4.91 4.92 4.90-4.92 4.90 4.89-4.90 4.90-4.92 4.90 4.89-4.90 4.91 4.91-4.92 4.90-491 4.93- 4,96 4.93 4.92 4.94- 4.96 4.95 4.91 #4.96-4.90 4.97 4.96-4.98 5.00 4.98*4.99 4.97 August. . . . Aug.-Sept. . . Sept.-Oct. . . Oct.-Nov. . • Nov.-Dee. . * Dec.-Jnn. . , Jan.-Feb. . . Feb.-Mbrah. . March-April. Aprll-May. . Closed easy. NEW ORLEANS. All*. . . Sept. . . Oet. . . Nov. . . Dec. . . Jan. . . Feb. . . March. . 9.20 9.20 9.201 9.20] 9.00 -I 9 ^ n . 2 J k°rJ Wg| 9.02],9.101-14 9.08-09 1.040 !UrM'» :m<mt 9.21-23 9.28-2? 9.20-30 9.02-06 K. 99-90 8.99-01 9.00-01 9.07-OR 9.11-13 9.17-18 WEATHER FINE! . CABLES LOWER Opened Wheat Weak and Lower, Professionals Heavy Sellers for First Half Hour. By Private Leased Wire. Chicago. Aug. *0.—The eong of the grain trader was henrd In the big pits on the board of trado. There were momenta of dullness nnd the day's business was not to the liking of the brokers. The northwest longs were again picking out the poorest thrashing returns and sending them broadcast In order to Influence values, without a great deal of success. Closing prices showed wheat 3-S(8> 1-2C lower. Corn was unchanged to l>4@3>8c lower. Oats l-8®3-8c higher. Provisions unsettled, but mainly higher. , , Cash sales here were 48,000 bushels wheal, 145,000 buahcla corn and 155,- 000 bushels oats. * . . , The seaboard reported 10 loads wheat, 3 loads corn and 10,000 bushels Primary receipts of wheat 458,000 against 873,000 a year ago; corn re- clpts 301,000, against 676,000 bushels last year. ... . . Clearances 464,000 bushels wheat, 28.000 bushels corn and 700 bushels oats. CHICAGO GRAIN MARKET. Chicago grain and previsions quotation, ,r loioy follow: High. 74* 7814 I 1 48% S Todav. Tomorrow. ,•duller, where they bolted on some large baying for Urge account, Tbl. buying steadied the market ami prleea regained a part of the day's loss. This .late of af fairs eannot loot mueh longer; n aolialontlal movement one wny or the other uniat lie made at on early date, For the time It would aoeiii moat favorable for a fair ral ly, The abort Interest Is large, and aliotit all that la possible haa lieeu done on the liear aide for the time beln*. It U probable that the hi* operators will favor a rally between now and the government reports. nlMint kept. 8. as those reports are expected bearish nnd a better selling basis la de- slred. GIBERT & CLAY 18 t. ALABAMA 8T. COFFEE. PROVISION* IBCRlt ATLANTA. OA. OffJ! ilchlSgtlN^ Orleans Boart of TrISe.|oalveaton Cotton Eichanga. New York Cotton New York Coffee „ _ . Private Wire# to all Exchanges. Local and Lena Dlitano# Tflsphonft 6298. W. n. FAGAN. Msnsflar. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ' ATLANTA, GEORGIA. FORMER ATLANTAN ADJUTANT GENERAL The friends of Colonel J. C. Boyd, of Greenville, S. C„ formerly of At lanta, will be pleased to learn of his nomination as adjutant and Inspector general for Bouth Carolina at the re cent state primary. It was a splendid victory for Colonel Boyd, as he not only received an overwhelming major ity, but carried his opponent's home county. This Is a well deserved compliment from the cltlxens of South Carolina to Colonel Boyd, who has long been identified In the state militia, and as one of the most progressive men of the state. Colonel Boyd Is a brother of Mrs. E. V. Wyatt and Captain V. H. Boyd, of this city, and was at one time In busi ness here In the firm of Boyd A Brum by. He Is well known to all the older residents of Atlanta. 3=?* 3384 Opsn. WHEAT— Hep . . 70% Dee. . . 74 May . 77% TORN- Sep . . 48% 1 *e . . 44% May . . 44% OATS- K:: ^ May. . 33 PORK- Sep. . .17.00 Jan. . .13.40 LARD— Sep . . 8.67% Oet . . 8.80 Jan. . . 7.92% SIDES— Sep . . 8.70 Oet . . 8.81 Jan. ..7.17% (’ASH WHEAT- No. 2 red. 71HG72: No. 3 do. 70%«71%: No. 2 hard winter. TO%«71; No. 8 do, »%©70. NEWS FROM CROP. Weather in Belt. New York, Atifi, 30.—The Journal of Coin- inereo says of ludlnn Territory: Compared with Inat month, eottoii shows general de terioration, but conditions probably better than year ago. Plant hns taken on large growth. Is healthy nml In many Inatnnees reported fruiting well. Boll worms serious ly complained of. Same paper says of Oklahoma: Deteriora tion. If any, has been slight since Inst re port. Fears that large growth will Im> nt tho expense of maturity. Henson fully two or throe weeks late. Reports generally op timistic. Large, strong w*eed with good fruit nnd well cultivated. Of Texas: Excessive moisture Is responsi ble for practically nil complaints, which nre nlraost universal, cnrytng from utter ruin to slight or only prospective. Damage since the ndddle of August; the weather hns been favorable to the rapid develop ment of the boll weevil nnd worms, and hnrdly without exception their presence hns Inspire*! reports of great damage. The mnp is ugnlu very good. Clear nnd dry In Texan nnd the butnnee of the west ern belt. Fairly heavy ralna have fallen In Georgia, Alabama, Tennessee nnd the Cnrollnns, where they nre not necessarily harmful. The continued clear weather In Texas Is reassuring, and should silenco for a while reports of weevil damage. The eastern forecast Indicates fair wenth* er for Alabama nnd east Florida tonight nud tomorrow; balance showers nnd unset tled weather. The western forecast Indicates fair to night and partly clondy tomorrow for Ter ritories anil Texas; balance generally fair tonight and Friday. STOCKS WERE HIGHER THROUGH FIRST HOUR TIPS FLASHED From Wall Street. Private Wire to Glbert & t iny. New York, Aug. 39.—Uptown sen tint The diameter of .rasterduy'a market more convincing to those Interesta who hnve been skeptical regarding the present mov meat than thnt of liny previous day. was believed before the opening yesterday that by rensou of the steady movement of money to the luterior the expectations of an unfavorable bank statement nml the sit uation In Philadelphia, the market would lie irregular and probably sell off several points further. The deinuustratlou that wna made soon after the opening convinced practically nil operators of the strength of those who have the market in hand. There Is of course more or less apprehension re- K iirdlng the money market, hut operators ave come to liclleve thnt the strength of the Interests who nre managing this cam paign Is so great thnt the momentary condi tions will not have n more potent effect upon the stork market than to cause reac tions, of a few tmluts from time to tlm»v > amount of gold will few |m»| Is still n r , due time a considers I l>e Imported. Looks like hull market, but would buy them only on weak spots. Me expect an active market today, with rising* tendencies, especially In rails. Steel preferred should be a purchase. It seems to be about the cheapest stock on the Itii The New York Plunueln| r Bureau says: laitest developments show two things con clusively, thnt the bull banking element Is in absolute control of the stock mnrkrt and that It hns not succeeded In distributing "Ii.v amount of stocks. It will not suffer serious nermuiieut decline until the lutter ml shall in* accomplished. As It hns prac tically nil the stocks we ato simply forced the conclusion that It Is playing a game of bluff or else really has engaged large amounts of gold hrnond nud lias defiulte as surances of treasury relief. We see no rea son for changing our neutral position, how ever, and with the exception of speelaltlea e would atrletly observe trading rulea of 'll Ing on ralllea nml buying on declines. But we look for specialty Improvement, as stated for the Inst two days. It seems determination Is stronger than ever to keep public Interest. This ran mean only one thing eventually, and that Is that the level will nt leant be maintained to lie raised later when the situation Is propitious for distribution. The news this morning Is not of great mportnnee, but the Fhltadelphln trouble sem* to iis to have subsided to n great extent and Is nt least belittled br the rise In the riillndclphln stocks, so called. 1 he market ns n whole is now ap proaching the high levels or limits again, nnd professionals will, on Its reaching them, n turn with smnll stops. tl t ,, live stock market. By Private I.cased Hire. ( hlengo. Aug. 30.—Hogs: Estimated re- t clpts today. 18,000. Market 6c lower; qual ity fair; left over, 13.19G: bulk. 85.704(6.20; estimated for tomorrow. 15.000; light. $5.85© it oe. ...i—• •***—... ^ 15.2506.20; $6.4fift6.45; good to'eSolee” henry, ’$6*.25©B.35'. Cattle—Estimated receipts, 10,000. Market steady; quality fair; heeven. tl.So'iid.Ki; eowa. $1.35©4.30; heifers, 92.2565.50; calves. <5.50©i.SO; good prime steers. <5.40©6.85; feedera* $290©4 2!> * 3 - 90 ® 6>3 ° : and Shee|»— Estimated receipts. 18,000. Market steady; quality fair; nntlve, I3.1M95.80: western. I3.25&6.60; yearlings. $5.flOtf»6.25; lambs, $4.60©7.7r»; western, <4.50©7.75. Impressive Buying in Many Issues Partly Offset What Was Considered Very Good Selling. By Private Leased Wire. New York, Aug. 30,—Both In 'the early London dealings and at the opening here yesterday’s violent speculative demonstra tion was followed with n further upturn of prices. Gains of %©1 point were made In London, nnd even the later advam-. * were recorded within the first few minutes of the trading here. It seemed, however, to nil ordinary observation thnt an effort has been made to open prleea ns high ns possi ble for the pur/toMo of 'affording n wider margin for profit taking. At nil events the high levels of the day were made In the first quarter hour, when Great Northern preferred sold up 6 points. Union Pacific 1%. Baltimore nud Ohio 2, Bending %. ami Pennsylvania 2 points. Heavy profit taking set In nnd thou from then on for the rest of the morning the market slowly fell away. The principal cheek on *|>eciilnttve operations was the ndvauce In call money to. 7 per cent. While this had been more or less view of the pas ' ' month. It direct* ‘ r to the bank p< ... . Iiown nt the close of the To the subtreasury alone the banka hi lost over <4,000.000, or nearly ns much remained Inat Saturday for the entire i plus reserve. lu the stock market opening prices sin ed general ndrnnees. Norfolk and West r * , - r per cent. Hem Hug up %.„N°rpic THE COFFEE MARKET. 8.67% 7.95 29% 31 33% 7.96 8.80 8.67% 8.80 8.70 m ftfet NORTHWEST CAR& In.t ,Mk .nil Iflat jwr: To r PRIMARY MOVEMENT. .... nud corn: Wheat—Receipts t(slny 456,000 bushels against 873.000 bushels last year. Shipments today .147,000 bushels against 912,000 bushels Inst year. Coni—Receipts today 391,000 bushels ..gainst 874.000 bushels Inst year. Shipments today 289,00) bushels against 874,000 Imshels last year. New York. Aug. 30.—The coffee market opened barely steady nt a decline of 5 to b» points In response to renewed liquida tion and lower Ruropean cables. Trading waa nun!erntel “— *•—*— **— * and prleea hel on account of the corering . ._ .... some support from trade interests, which nlworlM'd the offerings quite promptly and prevented a further break In prices. There was uothluK fresh lu the news.—Glbert St Clay. Following Is the opening range nnd close of the New York coffee mnrket dny: for to- Ononlng Range, i April ... ... ... May ... June July August . September ... . Octolier N°vemls*r Decemlier Closed steady. -jinge. Close. , 6.50 8.65-8.80 . 6.55 6.60 6.68 ,.. 6.65 0.70-6.75 .. 8.65-8.75 6.75-6.80 ,..6.75 8.80-6.85 .. 6.80-8.90 6.85-6.90 .. 6.85-6.90 6.90-6.95 .. 6.20 6.20-6.25 .. 6.25-6.36 6.30-6.35 . 6.31 8.30-6.35 .. 6.95-6.45 ASM.45 ..6,«o 6.45-6.50 SOUTHERN EXCHANGE Oldeit K.Ubll.hcfi Office South. COTTOU—STOCKS—B080S—GRAIN Ground Floor Gould Building. Dally market letter nnd market manual mailed on application. 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 31-2 per cent interest in our Savings Department—with drawal any day without notice. Pn- ii ml Colorado Fuel %, 3,000 slinres nt nil ndvnnee of 1%. Southern rnclfie was up %. Great Northern pro- ferred opened nt u gain of 4% points, ad vanced a point further, then lost f jm»Ihtn The market ruled, active nml generally higher through the first hour, with Im pressive buying In mhny Issues, offset pari ty by whnt wn* considered very g4w»<l sell ing at the same time. The Illlf nml llitr- ihunn stocks nnd Chesapeake nml Uhio were the most active In to* finding. London was again a fairly large buyer aildtrnge purchases In the first hour, being estimated nt 40,000 shares. The extreme eh uiges were generally made nt or Just nfter the opening. In the ln«t few min utes the good huylug and selling was al most equally balanced, but the supply of stocks gave traders confidence In opera tions on the bear side, nnd they were free sellers all around the room, causing another reaction at the end of the first hour. Government bonds were unchanged. Oth- LONDON STOCK MARKET. Anaconda Atchison V. Canadian Pacific ... ... Chi., Mil. Sc St. I*nu! Erie .. IlllmdH Central Louisville A Nashville . New York Ccutral ... , rennsylvnnln .. Reading . Southern I'aclDc Union Pacific United States Steel .. do preferred t pm [280 280 [275 178% 1178% 176% 1178 . 46% 46% 174%I17:>% ! 174% 149% 1601«|148 114% 143% 141 142% [142% 140 140% 191% Mgs 91%) 91% 90% iw%!i«% i9i% 4T-. 47U 44 l0S'.i|!f*H|107!4 COTTON SEED OIL MARKET. there Is considerable confidence In the deliveries on account of thd small stock the trade docH v uot appear to be willing buy a great deal. Influenced by the discount some evidence of manipulation In the by drllrerlra, the trade nppenra to be lim ited by the demand nnd supply of actual oil. Prices at the close were unchanged to %c lower. Snles for the day amounted to 3.000 parrels; August 10.) at 36e, September 1.210 nt 86%e, 606 at I6e; October l.ono at November, ....... 29%| DeeentlHW 29%) January 29%< (’losing. -•Vii.™ 32%6932-Y PRICE CURRENT CROP REPORT. vlnte fine promise, targe acreage winter ludlented. flood pasturage saving her sod onts. Packing 420,000 against 3tO.OX} last year. LIVERPOOL GRAIN MARKET. Wheat opened % lower; 1:33 p. m. lower; closed % lower. Corn opened unchanged; 1:30 p. m. Igher; closed nnehanged to % higher. LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 REFCRCNCe, THE NEAL BANK PHONE 1417. PRUDENTIAL BLOC coTTON^GRAnv, ^rovisiSnsStocks^bonds, , Stitts Btlldltg, A Haifa. HtU BEK 5: Chicago Board at Trado. Chicago Stock Eichangt. Hew York Collet ficftjspv. COUNTY DEMOCRATS NAME KRY CHAIRMAN Special to The Georgian. Columbus, Ga., Au*. 30.—J. B. Kry was elected chairman of the Demo cratic executive committee of the county over L. T. Bowden by a big majority at a mass meeting today. TRY A WANT AD IN THT3 GEORGIAN HUBBARD BROS X CO., Sis Atlanf.i Offices, 219-221 Century Building. Members New York Cotton Exchange, New Or leans Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchanges. Direct wire service. Correspondence invited. Phones 454, Long Distanced. A.S. Hustnc#-. Mgr. Safe Deposit Boxes For rent in our vaults in the basement of the Empire (Buying 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. 3J % Compound Interest l« the rate your money wilt draw If deposited in the 8AVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and inepect our quarter* and Inveatigata our facilities to aerve you. A hearty welcome awalta you at this bank. A8A G. CANDLER, President. W. H. PATTERSON, VIce Pres. A. P. COLES. Caihler. JOHN 8. OWENS, Vlce-Pree. WM. D. OWENS. Aeet. Caihler. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, Pre.ldent. A. E. THORNTON, Vlc^Preeident. H. T. INMAN, Vlce Preeident. QEO. R. DONOVAN, Caihler. JAMES S. FLOYD, Aee’t Cashier. Capital $500,000.04 Surplus and Undivided Profits $500,600.00 We Solicit Your Patronage. D