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THE ATLANTA GEORGIAN. FRIDAY. AUGUST 31. 1908. CONDITION REPORTS FLOODED THE MARKET All Showed Deterioration, But Were Without Ma terial Influence on Prices. SPOT COTTON MARKET. ioI. npot cotton dull, with prices nlddllng upland* 5.41d: Mies 4,000; American 3.400; speculation and export 400; ivcelji Amcrl<*nn 5,300. , , quiet nt 9%c. New York, quiet nt 9.S0c; sales 100 con* sumption; delivered on contract 500. New Orleans, quiet at 9 3-16c. Memphis, quiet nt 9 5*16c. Augusta, steady nt 9%c. Sr. l^iuls, dull at 9%c. Savnnunll. quiet at 9c. Boston, quiet at 9.80e. Houston, steady nt 9 3-16c. Wilmington, nominal. Mobile, nominal nt 9c. Charleston, quiet at 9c. Philadelphia, quiet nt 10.05c. By Private Leased Wire. New York, Aug. 31.—The local cot ton market opened steadier than ex pected In view of weak cables. A de nlal of the Galveston News’ estimate may have exerted some effect on prices abroad. Compared with lost season the re ceipts of cotton In Atlanta show quite a falling off, the result entirely of the decrease In the yield In the territory from which supplies the local market with the fleecy, the price paid being on a parity with other interior markets. For the season of 1905-’06, ended to day, the local receipts foot 165,239, against 216,229 last year, a decrease of 40,990. Shipments, 164,397, against 216,229 last year. Stock on hand August 31, 1906, 362, against 1,063 last year. The market for futures was uninter esting today, and was of a holiday diameter. The Liverpool market open ed lower than due, but New York did not fully respond to the decline. Trade during the morning was dull, with price changes small. The market was flooded with condi tion reports, all of which showed de terioration. They were without fa vorable Influence, however, being off set by cautiousness on the holiday be ginning after the close today and con tinuing through till Tuesday morning. Galveston got 11,229 bales new cot ton today; New Orleans 276, and Houston 8,126. Estimated receipts tomorrow: 1906. 1905. Galveston 8,000 to 9,000 6,168 Houston 600 to7,000 8,425 Superintendent King, of tin* New lork ret ton exchange, estimates the crop of 1906- 1906 nt J 1.223,000 bales. Tin* New York market closed 11(213 points lower than yesterday, the late trading be- NEWS AND GOSSIP Of the Flcocy Staple. TODAY'S PORT RECEIPTS. The following table shows receipts at th* ports today, compared with the same day last year: Suvanmill. . . . Charleston. . . . Norfolk Wilmington. . . INTERIOR MOVEMENT. The following table shows receipts at th* Total, GIBERT A CLAY’8 DAILY COTTON LETTER. New Orleans. Aug. It—The failure of options in Liverpool to res(K>nd to the ad* \ a nee yesterday In the American markets seems to lie the outcome of n more gen erally I>earish sentiment prevailing abroad. Final prices were from W4 points higher than the previous day’s close; sjuits 2 point* up; sales 4,600. Whenever the market Is disposed to hold steady, manipulators seem to think tlto time propitious to send out alarming rrports of Insect damngu and other unfavorable reports concerning the cron hi Texas. The desired effect Is gen erally realized, but the reports are soon proven largely without foundation, and the temporary improvement shortly lost. Tin* fallacy of yesterday's rumors were proven lieyoml n doubt by the new* of a reliable character from many parts of Tex as. not only denying some of these re* [*ort«. but likewise minimising damage uninteresting than of late, a condition pre sumably due to the holidays tomorrow uml Monday, both In the east and here. Con* slderable evening up of open contracts caused n slight advance from opening price*, the short luterest being In the tut* Jorlty, ami was the only discernible fea* ture connected with the market. COTTON SEED OIL MARKET. New York, Aug. II.—The market for cot* ton seed oil was very Arm, portlenlarly on near deliveries, and the scarcity of old oil Is felt with Increasing strength. It was re ported that the supply of oil here Is very small outside of the leading refining Inter* •**ts. There was good Inquiry for domestic account, and a fair Inquiry for export, with reports of sales abroad at quite high levels. The South was reported as offering very little new. The market was firm st the dose with prices %e to le, higher. Hales for the day aggregated 400 barrels; September 20U at 36e, January 100 at 29%c. and March 100 nt 90c.—Ware * Letand. September Tt October, November !>eeem!ier January. ....... . March .... H9 Hale*, mo October at «Hc and 200 at %%c, S00 Hepteml>er at 36%c. Closed firm. Private Wire to Glhert k Clay. New York, Aug. 31.—Liverpool opened j 4% up. Was due Sfr9 up. Weld nml Dare Miller principal buyers on the niKMilng. Ferule Wilson bidding up May and Ilentz bidding up March. Lick Bros. Sc Co. any: While sentiment is lienrislt for a long pull, some of the pro* fesslounls are Inclined to play for an up turn. Speculation Is so smnll. and the mar ket Is rut narrow that decided price move ments either way do not seem to be In the nature of long*. Journal of Commerce says: “Any large shipments of goods ter this market for sale might change the current of prices, hut. In the opinion of the selling agent*, no such shipment* are i>o*sihle for some week* to come, and for tbat^fessnu cotton may cpn* Untie to go down without affecting values adversely for nearby good*. The disposition of southern mill* to dlscomit the future of cotton by selling heavy goods i price* nt every op|K>rtunlty Is re as a safe policy In many w*ya. ... sure* steady work nt a proflfj and It Is the point of view t*ken by tne mills ra gs rdlng the effect It may have upon other Interests." Private Wire to Gtbert k Clay. New York. Ang. 31.—Liverpool futures opened steady ZH4 up. At 12:15 p. m.. 6 up on August and 2©3 up on balance. Tone quiet; sales 4.000 spots, 2 up, nt 6.41d. turcs due 7©8 up. Cotton opened nlxmt as expected c bles. Trane light, with commission houses and local longs Inclined to sell out. Look for quiet holiday market today. New Orleans, Aug. 31.—Liverpool ws* due 6% tip on New Orleans and 7%®9 np on New York. Cables rtre, therefore, very dis appointing. Spot sales are small, and 11,700 tenders are reported. _ The Journal of Commerce report is liiffl* isli, but does not show more deterioration than conservative trader* expected. The ninrket Is nervous and unsettled. Longs show some desire to lessen their commitments, as well as shorts. No new feutures are developing. Norden says that the crop has deteriorated 5.19 per cent due Ing the month,- and conservative bears are of th ? opinion that the bureau will show a Bears are ’onlmerce report on condition. Houston to date has received 106.697 bales of new cotton, against 62,332 in 1904. Net stock of cotton In New Orlenns Is 13,303 bnles, ugnlnst 4I.3S0 nt this time list f ’enr. The amount of cotton on shipboard s 2,841 bnles, against 2,065 last yenr. New Orleans, Aug. 31.—Liverpool 304 up Is disappointing. An advance of 708 points was due. Market appears to be floundering along with no particular disposition, which Is probably accounted for by the near op- •roach of the holidays, both here nod In •few York, on September 1st sud 3d. Waco, Tex., wires: "Considerable dam age by weevil, but crop in our territory one- third better tbnn Inat year." A Calvert, Hoblnson county, Tex., dls- pitch says: “Cotton continues to come In, - * Is iM*lng rapidly marketed here. The weather now on us is very favorable to the gathering of the crop, and the farm* ors nre taking advantage of the eondltloua nud are disposing of their cotton nt good prices.” WARE & LELAND’S DAILY COTTON LETTER or liquidating character, and prices juggl up and down In n confuting manner In con sequence. Liverpool was In an extremely bearish mood, and utterly refused to meet the advance In the Amerienn markets yes terday. This mused n decline on the Alien ing here, which, however, wns soon after ward made up. Later In the day more ad vance* and declines were seen, hut they had little rhvnm or reason to them. The chief feature of the day wns the re port ou condition by the Giles huronn of t8.9 against 82 on August 17, 82.7 on August 1, ana 70.5 on September 1. 1906. These fig ures showed n deterioration of 3.8 per cent during the month, which was less thnn gen erally expected. It Is safe to say that the majority of traders expect the report by the government to show n loss In condition of nt lesst 5 per cent. A. Norden '4 Co. came out with a report showing n loss of 5.19 per cent, which nhout met the popular Idea. Strangely enough, the Journal of Commerce report, which wns known before RANCE OF NEW YORK STOCKS AND COTTON MARKETS NAM 13 OF STOCK. Amalgamated Copper....,., Atlantic Coast Line , American Sugar Itcf Anaconda American Locomotive do, preferred , innermi American Cotton Oil Am. Car Foundry Baltimore & Ohio Brooklyn Rapid Transit Canadian Pacific..• Chicago & Nortliwest'n Chesapeake & Ohio Colorado Fuel k Iron. Central Leather do, preferred Chicago k Great W’n Chic., MU. and 8t. V Delaware Sc Distiller's Securities Eric.. do, preferred General Electric Illinois Centra! American Ice Securities Louisville & Nashville Mexican Central Missouri Pacific i8 Total stock *ales today 683.600 NAME OF STOCK. .National i.onu............«.......i ..... Northern Pacific | 215 New York Central..... 142% Norfolk & Western Pennsylvania People's Gns Pressed Steel Car do. preferred Pacific Mall Rending Republic Steel Rock Islnud do. preferred United States Rubber do. preferred Southern Pacific •. .Southern Railway, do. preferred Sloss-Shefflebl Tenn. Coni k iron Texas Sc Pacific • l’nlou Pacific United States Steel do. preferred Ya.-Car. Chemical do. preferred Western Unlou Wabash do. preferred. i Wisconsin Central do. preferred NEW YORK. Hont. Dee. Jan. . Feb. Closed barely steady. J£ I in Mgl? 8.71-78 ■M I f .94-95 9.04-Oti 9.11-15 9.21-22 9.2*5-27 9.33-3J 9.42-43 9,01-02 9.09 9.10 9.14*16 9.22-23 NOfES ON GRAIN Pointers on Provision*. deterioration might be expected’ from the government were It not for the fact that R* correspondents are presumably liable to color their returns to suit the producer. Next week the nrnrket will not open until Tuesday, and It Is probnble that the ring will l»e quiet until the bureau reports ore out of the way. New York, Aug. 31.—Developments today operated for Iregnlarlty. The news to the Rrynu speech, etc., had the effect of caus ing considerable realising. This seemed to have been well taken, for when money ran up. na expected, beenuae of the carriage till Tuesday, the list became strong without pressure of stock, and gradually rose up to this writing. It Is evident that the unfavor able monetary conditions of the Immediate fntre, including the t>nnk statement, hnve been discounted. The dullness on declines shows this. The trading was restricted to day ou account of the Monday holiday, which gave excuse for many operators to leave for a abort vacation. The floor trad ers had the markets most of the time, hut whenever shorts attempted to rover, not mnch stock was forthcoming; neither will It until the banking Interests desire to sell, for they control a majority of the floating supplv. We recommend a continuation of the neutral trading position, watching for specialty movements, which la likely to continue for n time. The best sources of In formation seem bnllsh, but are conservative, and plunging would be checked, ns well as raiding. New York, Aug. 31.—Our market opened n slight decline this morning In re sponse to weaker foreign cables thnn an- tlelpated. Foreign spinners continue to look with disfavor on present prices. The big cron talk has become so universal, head ed by the south Itself, that consumers of cotton tielleve their supplies r«n l*e pur chased at n lower level by waiting nntll th* crop twins to move freely. Mis* Giles’ re port today showed a condition of 78.9, which the trade construed temporarily as mildly Ixfirlsh. For the life of us, we ran not see anything bearish In s condition at those figures with cotton selling at 9c. This la 6 per rent less favorable on 28,000.009 acres planted than the 12,t00.000-bale year on 31,- 000.000 acre*, or an Indicated yield of 2,- 000,000 bales less, granting that the balance of the season la as favorable ns It'was In that year. Old cotton men admit that they have never seen a season so favorable s* 1904 when cotton was picked np to the last of January. Is It ren*nnahl* to look for another season (Ike thatT Then, If we get It. the Indications are that we will Hardly have cotton enough to meet the de mand. GIBERT & CLAY STOCKS, BONOS, IS K, ALABAMA ST, COTTON, GRAIN, ATLANTA OA. COrFEC, PROVISIONS MCMDCRSi Rtv York Stock ExchsngelNew Orlesns Cotton Exchangt.lChlesfO BtArd of Trade. Sow York Cotton Exchange. New Orlesns Stock Exchanfe.jLIverpool Cotton Association New York Coffee Excbsnge.|Xew Orleans Board of Trsde.|Galveaton Cotton Exchange Private Wire* to alt Exchanges. Local and Lona Dlstanoa Tslaphon* 5298* W# fl. FAGAN. Mananae. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. Seems to bo fair demand for September In exchange for Deceml>er. New buying out of the question so far, nml few of the local shorts anxious to get In. Legitimate wheat situation Is .. healthy one, and while we may get some further weakness today ou siiceuiative con ditions, think any Much hrenk Is good place to buy December wheat. Increasing receipts of corn make the SeptemlM*r option weak with vorv little trade In It. You can see the May Is neg lected. Look for n gradual sagging mar ket. Oats opened easy on free selling by Up dike. Buying mostly by commission bouses. Wheat rallied In sympathy with north west markets, where It was expected fur ther decline would take place. There 1ms been some covering by local shorts. Ar mour Just sold nlMiut 300,000 Dcombcr at 74c through brokers. Provisions steady, with trade largely In changing over to Septemlier. llogs nt west ern points show nlKHit 4,AX) less thsn same day hinst yenr. Trade light, with stroug undertone. Private Wire to Olbert Sc Clay. Chicago, Aug. 31.—The sealplngelement was been raiding corn and caused the break. We consider it very dangerous to remnln short of Kent cm her corn very long. There Is only 191,000 bushels contract corn In store, nml u lending corn Arm. I* considered » in* very heavily long. The Chicago Ifecord-Ilernid says: “Ele vator people were last night very stronglY of the o|4nlon thnt there would be enough of Septemlier liquidation to force the Sep* tembcr-Deccniher difference nearly to the full cost of carrying the wheat, ns they figured It on the present Interest rates of about 4 per cent per bushel. Emphasis was laid on the fact thnt If the September owner did not sell his wheat today he would he unable to deliver out ngnln until Tuesday, and would have three days’ lasur- a nee Interest and storage charged up against him, ns on account of th* holiday there will be no delivery from Saturday till Tuesday. J "‘— *- ••* -• - *- — som* tell avoid this extra expense. SHORTS COVERED OVER HOLIDAYS New York, Aug. 81.—The Sim says; A ru mor thnt the Galveston New* 1ms estimated the crop of Texas at only 3,000,000 bales against 2,600,000 bales last season had the effect of causing a sudden advance In the afternoon, although some Southern dis patch ch deny that any auch report has been Issued. The special reports Issued by the Journal of Commerce, however, and some private dispatches Indicated that there has '►eon some deterioration In the Texas condl- tbermore, a good many were Inclined, apart from all this, to cover on the ere of the Labor Day holidays. The New York hx- change will lie closed on Saturday na well nn next Monday, which means that an oper ator short of the market would tie exposed to the ebances and uncertainties of the rea son for three days. In view of this fset, and also because prices hare bad a very re vere setback during the Inst month, not a favorable nnd talk to the effect that It was too hot In Texas seemed a little far fetched. It was undoubtedly clear nml hot, the maximum temperatures ill some sections reaching 100 to 102 degrees, but ns a rule the heat was no more thnn normal, nnd weevil.— Glbert k Clay. New Orleans, Aug. 31. holidays, some fresh boll wcev.. fairly well defined fear that the government crop re|M»rt will favor the bulls Induced rather general covering In a moderate way, consequently yesterday's cotton market Im proved to the extent of 50r * bale. There were no developments warranting opinion changes, and on the whole bearish rent I- LIVERPOOL. Xoll.mlnE tnhlr jrlvp. opening ran** nnd dose, compared with yesterday’s dosing. Futures opened steady. Opening ^ jgaitKt. Glow- Llose. S&;v. : vgf8 SU. I AM t.W.M i-M ’ ••£* MB ISl-t.M tlmtS I:®!' 5 ' 01 ifi-u* Get.-Nov. . . Nov.-Dec. . Dec.-Jnn.. . Jan.-Feb.. . Feb.-March. Mnrch-April. April .May.. . Closed' steady. NEW ORLEANS. Closed steady. 1 | 1 Jl I 'J II Get. . , .* .* Nov Dec Jan VrU March. . . . May. . . . 9:11 'n.oi 9.08 "■•a: 9.31 9.11 9.08 9.09 9.18 917 9.31 tt '*9.00 9.07 'fcic 9.ll| m MO 9.6i ».os 9.31 9.04-07 9' V MH >..*•42 9.01-02 9.C.i-09 9.12-14 9.19-90 9.10-14 9.08- 09 9.08- 10 9.09- 10 9.16-17 1 ! 9.26-27 WHEAT FRACTION HP AHHE START Foreign Cables Were Better and Cash Demand Abroad Show ed Some Improvement. nr Prlrnt- I-tuted Wire. OUlrnso. Auk. 31.-WtlMlt w«« n-rrmi,, with tirin' rhntigm lrr«*al«r nnd nnm-ttleii. ndlverlen of irh*at will bo i-normoun on September cnntmrU finturilnr. but the whent will ko Into Rood hnndn. I'rlcen wore Ho off to H©Ho blither, f'orn cloned tnme nnd HCIHc lower. Onto were o« HO UC nn.1 nrovInKm. were nbou.the-none. Onnh nniee were 17.000 l.nnhiln ot wheat. 112 000 com and 60,000 bushels of oats nt Chicago; fire loads of wheat. 40 loads com and M0.000 hnnheln oat» nt the non I net rd flenraneen for tbo week were 5.081.000 bnnheln whent, nnd 851.000 bonbeln nfenrn Primary receipt*—M heat 489,000 bushels, nnd enrn 621.000 bunheln, ngnltwt 863.000 ml 686,000 bnnheln, renpeetlrelr, n rear rienrnneen were 27T.200 hnnheln wheat, hr elndlnjt flour. 4,108 bunheln cprn nnd 6.200 bushels of osts. CHICAGO GRAIN MARKET, Chicago grain and provlilons quotations for today follow^: Open. I ? ,.p t nEA ' I 7ou W m m m chit N- Ee 8 1 S 8 S WEATHER IN COTTON BELT. Texas—Tyler clear and warm. Dallas and Fort Worth partly cloudy and pleasant. Houston partly cloudy and cool. Temple partly cloudy. San Antonio partly cloudy nml warn*. Pisco clear. AlalMtmn—Mobile. Selina, Opelika and Montgomery clear and hot. Huntsville clear nnd cool. Mississippi—New Albany, Tupelo and Am- WEATHER IN WHEAT BELT. Extreme Northwest—Partly cloudy; 36 to 61 al»ove. Northwest—Partly cloudy; 50 to 00 above; showers In Rapid Pity. West sud Southwest—Generally cloudy; tip to 70 above; heavy ruin In Dodge City V/EATHER FORECAST. Georgia, Lmlslann, Mississippi, Alabama, Yesl Florida nnd East Texas-Fair Fri- dlinol*. Indiana. Missouri, (own. Knn-aa. Nebraska. North Dakota. South Dak *r.i nml Montana—Shower* tonight and Samr l.iv Minnmota—Fofr sml warmer tonight: Sat urday partly cloudy; possibly shoH.rs in vest portion. Wfscousls—Fair and warmer. 8.M OcL.. 8.87H 8.87V4 Jan.... 7.95 7.9TH SIDES— Sept... 8.82V4 8.85 Oct 8.75 8.75 Jnn.... 7.25 7.25 PASH WHEAT— ' 8.77% 8.72 7.25 8.77% 8.80 !:I VM PRIMAKY MOVEMENT. Th- follawlHK lUruri'. nlvn thn prhnnrj nim-pmcnt of wheat nn.1 corn twlny: Whent-lltwlptn 483,ono hunb-ln, «Knln«t SfiO.OM hn.liet. Jnnt rar; rtlpiuenrt STf.ooo hu.hi l., rntnln.l 470.mn bu.hrl, l««t yrnr. r.»rn—Benelpt. 521.000 Imiliel., nmlin OM.O'IO hu.hrls In.t venr; ahlnmentn 461.0 liunbeli, nvnln.t 513,000 bunheln Inat year. NORTHWEST CARS. CHICAGO CAR LOTS. Today. Tomorrow. LIVERPOOL GRAIN MARKET. Wheat—Opened He lower: nt 1:M p. m.. H eHu lower; cloned nnchnnKe<l. Torn—Oiwn«l nnehanrfi'd: ot l:>n p. n,.. nnchnoietl to He lower; cloned onchnnKcd to He biwer. THE SUGAR MARKET. By Private Leaned Wire. - New York. Aur. Jl.-Ixwnl reflned nnd raw nnirnr ati-ncly ond nocbnnire<l. lam- •Ion Iicetn aiemly; Auguit nml Itepteiuber 9n 6Hd. LIVE STOCK MARKET. By Private Leaadd Wire. I'UIcnK". An*. 31—ll(Htn—K.llmalcl re- celptn Veiny U.000. Market seifk- hlKhcr: quality fnlr; left over 6.527: hoik |S.«64««.JO; iwtlmatcl for tomorrow O.OOO; Unht tctiO.le: mixed I5.866f0.45: henry 36.tOCO.ln; nHinh »,404,5.65: Tie. ».40W.»; ymCern 30.6060.45; Ko»e! to choice heavy $0.3566.45. 1st: helfem 3-'.25«5.?»: calven 36.5067.60; NEWS FROM CROP. Weather In Belt. Private Wire to Glhert k City. New York, Aug. 31.—The Journal of Pom merciTa condition report today Is 77.6, com pared with 81.7 last month. Texas declines 7.8 points, that state condition being 77.4 ngnfnst 86.2. Exeesslve moisture caused de terloratlon. Plant generally large at the expense of frultnge, but many rejKirt good fruitage. Weed Is strong and cultivation Is good. I^nlior scarce. Few Insects except weevil nud boll worms In Texas; season one to throe weeks late; bottom lauds suffered some by floods; shedding nnd rust most complained of In l.oulalana and Arkansas. It makes the decline In condition 4.1, com pared with a decline of 3 points In same months In 1906, 7 points In 1904. nnd In 1903 an Increase of 2.9. The condition Is report ed nt 77.6 against 72.4 September 1, 1906, nud 77.4 In 1904. The weather has been generally unfavorable, but the plant wns In excellent condition to withstand It. The following ts the condition by states compared with last month: States. """* North Carolina. . South Parollua. . Florida Alabama Mississippi. .... IjOuIsIuiis Texas Arkansas Tennessee Missouri Indian Territory. Oklahoma ISeptember ilPi 71.0 77.5 •0.2 80.0 77.4 83.2 87.0 92.0 78.8 90.7 76.3 71.4 81.0 87.1 86.6 83.6 90.6 86.9 89.6 The mnp Is again very favorable; light belt, but the Italnnce Is partly cloudy and dry, and Indication* which, with a very poor Liverpool, should cause lower prices. The western forecast Indicates Increasing cloudiness throughout, with probable scat tered showers tonight and Saturday. The eastern forecust Indicates fair weath er throughout. Private Wire to Ware k Lein ml. New York, Aug. 31.—I^sser-Goldmnn Co.’s (St. Louis) crop report: Since ours nt the we have again to report somewhat too much rain la southeast Missouri. Arkansas and north portion of Indian Territory. This has given rise to complaints from th* l»ot* torn lauds of shedding, rust, nnd too rank look In the territory named I* on the whole very satisfactory, and that with more set* tleol weather conditions during KeptoinJier. which we ran reasonably look forward to, a good crop Is assured. A prouilneut spot cotton house In Wi Tex., Wires: «'•*., True-. Prop very good; no material damage. Middling quoted at 8%<*. A. Norden k Co. say: “Bared on 351 re piles from our selected correspondents, we make the average condition of the eotton erop 82.54, ngnlnst 87.69 last month, a dete rioration of 5.19 /point*. Mist Giles’ report: Tull county retnrns up to and Including August 28 make the —rage condition of the growing — - compared with 82 August 16, .... July 31, 1906, and 70.6 last yenr. The prin cipal reason for this decline of 3.8 during the month has been the earesslve preclpl- stalks and rotting bolls. THE DRY GOODS MARKET. ket In first hand. quiet, lint the Jobbing trade was large. Shipping departments In Jobbing house* nre working nntll 10 o’clock at night, (law silk Is firmer, hut manufacturers are taking only near by deliveries. Returns to the Merchants’ Aamnlatton allow that double the number of buyers hnv* lieen In the market over the figures of last year. SOUTHERN JXCHANGE Oldest Established Office South. C 0 TTOI —STOCKS-— BONOS 0M11 Ground Floor Oould Building. Dally market letter nnd market manual mailed on application. .. ....silty fair; n itlve S3.1& fcBQfciO: yearlings 15.60ft 17.75; western 84.50tt7.75. 1.25; brail* MODERN MILLER'S CROP REPORT. The Modem Miller say* the bidding at titude of winter whent by farmers Is firm ly maintained. There nre no signs ns yet of an lucrensed movement to market. Many Interior millers look for free deliveries by fanners during Keptember. L. J. ANDERSON & CO Bankers and Brokers, COTTON. STOCKS, GRAIN Correspondent's Capitol $250,000 ■temCNCK. THE NEAL BANK RHONE MIT. PRUDENTIAL BLOC ARE A LELAND RAIN, PROVISIONS, STOCKS, BONDS, V Y*eL 1,w OrlfM, i, w COTTON, G Mt. 2 Waff It, rtitri BwilSItf, Af/atfa. 6a. StMUMtc Hew fart Csffss fidMp. Hew Ortrmi Ctlloa iMchaage. llterpc*' Cotta* Afie'latien. nleal* Wires to Haw fork. Hew Orleans, Chicago. tall fhane H62. Chicago Board at Trade. Chicago Slack fithiif. Btw York Callao Itchaag*. B. C COtHMAM. Manager Standard rbaae 23L iV MONEY SITUATION CONTROLLED MARKET TIPS FLASHED From Wall Street Private Wire to Ware & belaud. New York, Ang. 31.—Loudon display* strength, and It looks very niiieh ns If n large amount, of gulit lmd been taken the other side by New York banker*. Brrnu’s speech seems to have fallen flat. » far as the market I* eoncerued. nnd good buying Is In evldenc . ami would take on Steel common nud Atchison on any dip of any conse quence. Dow-Jones' summary: . . L- , k- |n J parity. ...... out for state ownership of minor- roads, federal ownership of trunk foads and practical elimination of all trusts. KenlHMtrd report shows 3.96 per cent enrn- 1 on preferred. United States Steel !»ooked orders for 4.- 6J0 tons steel rails this week for delivery In 1907. and rep$>rts more orders In sight. Stocks plentiful In the loan crowd with il active Issues offered at 6% j>er cent. Union I'aclfie surplus ami equities show nearly 20 per cent for common stock. |,otil*ville nud Nnshvllle statement shows 10 per cent earned on stock nud real enri * ig capacity probably near 20 per cent. Twelve Industrials declined ,5s per cent. Twenty active railroads declined .62 per cent. Private Wire to Glbert Sc Clay. It Is reported thnt $1,500,000 gold engaged nml that H6.000.000 will probably be taken by middle of next week. The market looks ns good ns It can with ntouey nt 10 per cent. Union Pacific. Southern Pacific. Erie. Cop per nnd tin* Steel shares we expect to show Hn advancing tendency. The hanks have Inst $4,522,000 through mih-trojiaury operation* since Friday. Would take a few profits ns we go along The wisdom of continuing In the neutral trading position, ns n whole. Is manifest. Specialties only nre raised to gain. The prospect of an unfavorable hank statement, ltrynn speech, the postponement of the Paul nml ore denis with the holiday coming Monday will, we believe, operate to encourage the lienr professionals today. Tho Individual positions must still lie fol- •II to wstcli the developments here, as well ns In the money ninrket, which lat ter Is more Important for (lie Immediate fntnre. however. \CVaw sterling Is having the effect of uttrnctlns gold, but only a small supply Is apparently available nt pres ent. Judging from surface Indications. With fundamentals as they nre. there Is not likely to be a real bear campaign, ns commend conservn* LONDON STOCK MARKET. STOCK- Anaconda , Atchison Unnudlsn Pacific Chic., Mil. nnd St. Paul...., Erie do, preferred Illinois Central Louisville and Nashville. . , New York Central Pennsylvania .. , Reading Southern Pacific.. ,. Union Pacific United States Steel... .. , do. preferred.. THE COFFEE MARKET. New York. Aug. 31.—The coffee market opened steady uncluiugcd to n decline of 6 « ts, nnd held nt about the Initial figures ng the forenoon. Business was rather quiet. Europe sold the late months, hut also Itnnght nt times, nnd there wns a lit tle local selling with support scattering nnd Indifferent. To midday, sales were only about 11,600 bags. Early rabies from Havre were considered quite steady, and prtvnte advices reported,some buying on th* fact that Brasil wns not following tho decline, but Inter Havre eased off, and at the hour of the local opening was %fr% net lower. ^ * dp, p n t this slllnn news. Rio wns weak at n decline of 75 rels nnd Santos wns 50 rels lower, with the rate of exchange uuchan/;ed and re* celpts nt the ports were heavy, reaching 106.000 bags, against 71.000 bags Inst year, nml 60.000 bag* st Jnndlnhv, against 51,000 bags last yenr. So far for this season, Brasilian receipts have been 616,000 bags ahead of last y«>ur*s.—Ware Sc Leland. Following Is the opening range sml close of the New York coffee market for to* day: slag January.. .. February.. March April.. May.... 6.55 6.66 6.70 , ....670-6.80 June 6.86 July 6.90-6.95 September.. ......... .0.204.35 October 6.194.35 Novemtter 6.364.45' Decemtter 6.50-6.61 .Closed barely steady. age. Close. 6.554.60 6.604.65 6. •4.79 6.75480 6.80 6.85490 6.904.95 6.254.30 6.304.35 6.35446 6.45450 Large Amounts of Loans Wire Called in in the First Hour of the Trading. ent; Money on Call: Opened 8 high 12; low 8; closed 10. By Private Leased Wire. New York, Aug. 3L—The speculative movement slackened Its pace on this morning’s market and price changes were extremely Irregular. The reason for this lay entirely in the very stiff conditions In the mon*»y market, which were more apparent to day than they have been at all. Call money early In the day rose to 10 per cent, and a good deal of the end of the week borrowing was done around the high figure. Meanwhile the bids for time money, while not raised over the previous days, were mad»* with more urgency, nnd the supply of this class of funds gave further signs of rapid diminution. The announcement made seml-offlclally that $2,100,000 gold had been engaged for Import, and It had come from the Dank of England direct, helped steady the stock market In some measure. But In view of the exhaustion of bank reserves, Indicated for tomorrow, this Importation was too amaU a sum to arouse any enthusiasm on the stock exchange. Union Pacific was very strong, nnd Southern Pacific, St. Paul, Copper and Pennsylvania showed at times some fairly good buying. Hut the rest of the list fell off pretty gen erally at the opening and failed to re gain much In the latter trading. Trading nt the opening of the k • v- change was of only moderate volume and price fluctuations were narrow. The un dertone of the innrket, however, was firm, nud initial advances outnumbered the ctlnes by about 80 to 1. The heaviest trad ing occurred In Union Pacific nml I nlt«*d States Steel common. The stock market him IM*en‘ feverish and unsettled nil through the first hour, when room traders were mixed both In the opera tion* nnd market opinions, and price move ments were controlled wholly l»y tin* money situation. Before 11 o'clock Inrgo uinouiits of list its were called. At times a distinctly bullish feeling was created by statements of heavy gold engagements In London Mr tm- K rt to‘New York, but these were followed bankers’ denials. Price movement* were Irregular with Union Pacific strong nnd <>the lug the Influence of seU - traders. Arbitrage Imiiglit 20.000 shares here, chiefly Unlo clfie. Southern Pacific. Stcei and Erie Government IhuuIjT unchanged. Other IhuuIs steady. 25-Boll Cotton Stalk. Special to The Georgian. Anniston, Ala., Aug. 31.—J. W. ] Kee came to town yesterday and hlblted a cotton stalk nine feet, I" 1 • Si.-lk'lit. b.-ai Ing large healthy bolls. The specimen Is om many raised on what Is known her« the Jordan place, a few miles soutl the city. 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 3 1-2 per cent interest in oar Savings Department-with drawal any day without notice. Safe Deposit Boxes For rent in our vaults in ibe basement of the Empire Building 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. CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. Fraok Hawkins, President. H. M. Atkinson. V. P. Tnornn* -C. Er Joseph A. McCord. CssM*r. R. W. ©yers. . Third National Bank Capital Surplus W. Calhoun. $200,000.00. $300,000.00. Mlltoo Dargsn John W. Grant II. Y. McCord. David WnMwnrd