The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 01, 1906, Image 11

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ATLANTA GEORGIAN. CONDITION REPORTS FLOODED THE MARKET All Showed Deterioration, But Were Without Ma terial Influence on Prices. SPOT COTTON MARKET. Liverpool, Boot cotton dull, with price* Btcndr; middling uplands 5.41d: sales 4,000; A mar Iran 3,400; speculation and export 400; receipts S.000: American 5,300. Atlanta, quiet nt 9%c. New York, quiet nt 0.80c; sales 100 con sumption: delivered on contract 500. New Orleans, quiet nt 9*-16c. Memphis, quiet at 9 5-16c. Augusta, steady nt 9%c. St. I-Iiul,, dull nt Hnvnnnnh, quiet at 9c. Boston, quiet nt 9.80c. Houston, stead/ at 9 315c. Wilmington, nominal. Mobile, nominal at 9c. Charleston, quiet at 9c. Philadelphia, quiet at 10.06c. 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 nial of the Galveston News' estimate may have exerted some effect on prices abroad. Compared with last 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, 164,297, against 215,229 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 character. 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 tpornlng. Galveston got 11,229 bales new cot ton today; New Orleans 275, and Houston 8,126. Estimated receipts tomorrow: 1906. 1905. QalVeston 8,000 to 9,000 6,168 Houston 600 to7,000 8^426 Houston ouuioi.uuu Superintendent King, of the New York cotton exchange, estimates the crop of 1905- 1905 nt 11,225.006 Imles. The New York market closed 11013 points lower thnn yesterday, the Ints trading be ing of nn evenlng-up character, due to the three days' holiday. TODAY’S PORT RECEIPTS. The following table shows receipts at ths ports today, compared with the same day last year: 1906 1906 New Orlefins- . . . . . Galveston Mobile. Hnvnnnnh. ....... Charleston Norfolk. ....... Wilmington Boston . • . 768 11229 i ~ 308 157 6842 075 1 •Totals 14746 10m . •Incomplete. INTERIOR MOVEMENT. The following table shows receipts at ths Interior towns today, compered with the same day last year: UM IMS 8553 0770 Augu.tn 618 Memphis Ht. Louis. ...... Cincinnati k 140 *** Total 9689 12801 GIBERT 4 CLAY’S DAILY COTTON LETTER. New Orleans. Aug. 31.—The failure of options In Liverpool to respond to the ad- ems to erally f Finn! | he outcome of a more gen- than the previous day's close; spots 2 points Up; sales 4,000. Whenever the market It llsposed to hold steady, manipulators seem proven lieyoa _ reliable character from many parts of Tex- as, jint only denying some of these re ports, hot likewise minimising damage re porter! through worms and weevil activity. Today's market was less active and more uninteresting than of later a condition pre sumably due to the holidays tomorrow and Monday, both In the east and here. Con siderable evening np of open contracts ture connected with the market. COTTON SEED OIL MARKET. New York, Aug. 31.—The market for cot- ii wiin inrmiinr sirengrn. it was re- >d that the supply of oil here Is very I outside of the leading refining Inter- There was good Inquiry for domestic ported •mall eats. — account, and a fair Inquiry for export, with The South was reported as offering very little new. The market waa Arm at the dote with prices He to lc higher. Rales for the day aggregated 406 barrels; fteptemher 256 at fee, January 100 at 9%c. and March 100 at 30c.—Wart k Inland. Opcnl September. 35 <03 October. . November. December. January. . March Kales, 606 October at 22Vie and _ 300 September at JtHc. closed firm. NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Oibert A Clay. New York. Aug. 31.—IJverpool opened 3© 4V4 up. Was due 809 np. • Weld and Dave Miller principal buyers ° n Feride *W?lson bidding up May and Hents bidding up March. Dick Bros. & Co. any; While sentiment the nature of longs. might change the current of prices, but. In the optnlou of the selling agents, no such shipments sre possible for some weeks to come, and for that reason cotton may con tinue to go down without affecting values adversely for nearby goods. The disposition of southern mills to discount the future of rotton by selling hearr goods at lower prices at every opportunity Is recognised ns a safe policy in many ways. It In sures steady work at a profit, and It la the point of view taken by the mill* re garding the effect it may have upon other Interests.'' Private Wire to Gltoft A Clay. New Y’ork. Aug. 31.-Llvorpool futures opened steady 304 Up. At 12:15 p. m., 6 tip on August and 203 up on balance. Tone quiet; sales 4.000 spots, 2 up, st 6.41d. Fu tures due 708 up. Cotton opened about as expected on ca bles. Trade light, with commission houses and local longs inclined to sell out. Look for quiet holiday market today. New Orleans, Aug. 31.—Liverpool was due Jork. Cables are, therefore, very dis appointing. Spot sales arc small, and 11,<00 tenders are reported. The Journal of Commerce report Is htffl- Ish, but does not show more deterioration than conservative traders expected. commitments, as well na shorts. No uew the crop I Ing the month, and coitaervative l»enra are of the opinion that the bureau will show - like deterioration. The market Is very steady. Bears are plainly disappointed over The Journ* 1 Commerce report on condition. Houston to date has received 106.597 bales of new cotton, against 52,833 In 1904. Net stock of cotton In New Orleans Is 13,303 bales, against 41.880 at this time last renr. The amount of aitton on shipboard Is 2.841 bales, against 2.055 last year. New Orleans, Aug. 31.—Liverpool 804 up Is disappointing. An advanco of 708 points was due. Market appears to be floundering along with no partlealar disposition, which is protmbly accounted for by the near ap proach of the holidays. Iioth here and Tew York, on Septemtor 1st and 3d. Waco, Tex., wires; “Considerable dam are by weevil. 1mt crop lu our territory one- iixr uj ntTTii. uui in <’ third better than Inst year.' A Calvert, ltohluson county, Tex., dls- and „ Ideal weather now on us Is very favorable to the gathering of the crop, and the farm taking advantage of the conditions and are disposing of their cotton at good prices.” WARE 4 LELAND’S DAILY COTTON LETTER Ntw Orleans, Aug. 31.—It was a holiday market, and n nervous one at that Opera tions were almost entirely of a covering or liquidating character, and prices Juggled up and down In n confusing manner in con- sequence. Liverpool was in an extremely bearish mood, and utterly refused to meet iiraniii lilinni, iimu uurnj iriunru in uim th>> atlrnnr. In the Am.rtran nturket, jn teriUr. Thl« mated ■ decline an the open' In, here, which, however, wet loo* offer. TEiicn iuu urviiur, wrrr pitii. hue had llttta rkvme or reason to them. The chief feature of the day waa the re- Ol fee 1 port on condition by the Giles bureau of 78.9 against 82 on August 17, 82.7 on August 1, ana 76.1 on September 1, 1906. These (Ig or as lease i per ceni. a, ixrroen k i.o. cams out with a report showing a loss of 5,19 per cent, which about met the popular ides. Strangely enough, the Journal of Commerce report, which waa known before the opening, attracted little attention. It August L thereby showing a cent. A report showing a tout 4 ner cent deterioration might be expected from the rorernment were It not for the fact that is correspondents are presumably liable to color their returns to suit the producer. Tuesday, and It la prol will he quiet until the bureau reports are out of the way. New York, Aug. 21.—Developments today operated for (regularity. The newt to the Ifryan speech, etc., had ths effect of caus ing considerable realising. This seemed to , Monetary Litre, Including the hank statement, have been discounted]. The dullness __ Monday holiday, which gave excuse for many operators to Dave for a short vacation. The floor trail ers had the markets moat of the time, but whenever shorts attempted to cover, not mnch stock was forthcoming; neither will It until the banking Interests desire to sell, for they control « majority of the floating supply. We recommend a continuation or the neutral trading position, watching for specialty movements, which Is likely to continue for a time. The best sources of In formation seem bnllsh, but are conservative, and plnuglng would bo checked, as well as raiding. crop talk haa become so nnlveraal, Mi by the south Itself, that consumers of cotton tolleve their snpuJIes can bo pur- ;wrt today showed son be trade construed temporarily at mildly bearish. For the life of ns, we can not see anything bearish In ft condition at those figures with cotton selling at 9r. This Is 6 per cent less favorable on 26,000,000 acres pDnted than the 13A00,000-hale year on 3!,- toO.OOO seres, or an Indicated yDhl of 2,- that year. ... „ have never seen a season so favorable as 1904 when cotton waa picked np to the last of January. Is It reasonable to look for another season like that) Then, If we get It, the Indications are that we will hardly have cotton enough to meet the de GIBERT & CLAY 60 B. ALABAMA 6T. STOCKS BONOS, COTTON. GRAIN. correx. provisions ATLANTA. OA. RANGE OF NEW YORK STOCKS AND COTTON MARKETS MONEY SITUATION NAME OF STOCK. Amalgamated Copper.... Atlantic Const Line American Sugar Kef Anaconda Americau locomotive ■re WfwWw MWM American Smelting Kef.., do, preferred .. Atchison do. preferred flu* rri-ii .....a.,,,,,...,. American Cotton Oil... Aui. Car Foundry Baltimore & Ohio Brooklyn Rapid Transit Canadian Pacific Chicago Sc Northwest'u.. Chesapeake & Ohio Colorado Fuel ft Iron.. Central Leather do, preferred ...... Chicago St Great W'n.... Chic., Mil. and 8t. *».... Delaware & Hudson..... Distiller's Securities...... Erie do. preferred General Electric Illinois Central American Ice Securities.. Louisville & Nashville.... Mexican Central Missouri Pacific Total stock sales today 1 uw«i 1W4 m 22L IE5 iodii L’l J5* Pressed Steel Car..... do. preferred...... Pacific Mall ..... Heading Republic Steel xfc NamE OF STOCK. N. Y., Out. Sc \Vestern....! National Lead Northern Pacific Now York Central.... Norfolk & Western Pennsylvania . People's Gas.. s i e .3 Southern Pacific Southern Hallway do. preferred.......*.... Sloss-Hlieffleld Tend, coal & Iron Texas k Pacific Union Pacific United States Steel do. preferred... do. preferred... M 1 CONTROLLED MARKET TIPS FLASHED From Wall Street m aors, auk, ai.—iauiiiuii fimpin, strength, ami It looks very mnch ns If large amount of gold hail been taken ou the other side by New York bankers. Ilrvau's speech seems to have fallen flat, as far ns the market Is concerned, nud Large Amounts of Loans j Wore Called in in the ^ First Hour of the Trading. The Gould stocks should develop more life, Opened 8 per cent; " »d 10 I er cent; 1 100 quence. Dow-Jones' summary: American stocks In London strong, H01 per cent above parity. Bryan conies out for State ownership of minor roads, federal ownership of trunk roads and practical elimination of all trusts. Hen board r«>i>ort shows 3.90 per cent earn* — preferred. 1 United Htates Steel booked orders for 4.- 500 tons steel rails this week for delivery In 1907. and reports more orders lu sight. Stocks plentiful In the lonn crowd with all active Issues offered nt 6V4 per cent. Union Pacific surplus and equities show NEW YORK. The following It the range In cotton fo tures in New York today: Sept. . . , Dee. , . Jan. . . Feb. . . March. , «y-. . Closed barely steady, I -96 8.91 iM 9.40 NOTES ON GRAIN Pointers on Provisions. — Hernia to be fair demand for September In exchange for December. New buying out of the question so far, and few of the local shorts anxious to get in. lorts anxious to get In. Legitimate wheat situation Is now a very healthy one. and while we may get some further weakness today on speculative con ditions, think any such break Is good place to buy December wheat. Increasing receipts .of 'corn make the September option weak with very little trade In It. You ran see the May is neg lected. Look for a gradual sagging mar ket. Oats opened easy on free selling by Up- ther decline would take place. There has Provisions steady, With trade largely In changing over to September. lloga nt west ern points show about 4.000 less than aame day Inaat yenr. Trade light, with strong Private Wire to Glbert k Clay. Chicago, Aug. SI.—The scalping element was been raiding corn and roused the break. We consider It vary dangerous to remain short of Heptember corn very long. There is only 191,000 bushels contract corn In store, and a leading corn firm Is considered to be very heavily long. The Chicago Hecord-Iferald sayt: “Ele vator people were last night very strongly of the opinion that there would be enough of Hepteinher liquidation to force the Rep- temher-December difference nearly to tna foil cost of carrying the wheat, as they figured It nn the present Interest rates of •bout 4 per cent per bushel. Emphasis wae laid on the fact that If the September owner did not sell hie wheat today he would be unable to deliver out again until this extra expense. SHORTS COVERED OVER HOLIDAYS New York. -Auk. ,11.—'The Sun raj.: A ru- or (but Ihn (l.lrraton New. bn. ratlniittMl the crop of Tcnut nt only 3,000,000 balm urulnit 2,100,000 hnliia la.t nnixm bait the effect of enuring n tuildrii aitrane. In the Afternoon, althounb aome Southern ill,. K trhen deny Mint nny «uoh report baa been ineii. The apeclal report, lulled by tht Tntirnal of Commerce. howerer, and aome private dlapateben Indicated that there bit Iieen aome deterioration In tb* Triaa condi tion during the (mat month, partly by rea- non of damage done by boll weevil and LIVERPOOL. Following tabic glvea opening rang* ind eloac. compared with yealerdny’a oloalng: Futures opened steady, Opening previous August.. .. . August-Kept. Hept.-Oct. . Oct.-Nov. . Nov.-Dec. . Dec.-Jan.. . Jan.-Fob.. . S eh.-March. nrch-Aprll. . . Aprll-May.. .. .. Closed steady. Br- ar It is arly 20 per cent for common stock. NEW ORLEANS. ftepfc . Oct. . , Nor. . Dec. . Jan. . , Feb. . , l\T\ 4.M-4.M .1,02-5.01 1.00-5.01 . .6.01 5.02 6.0] WHEAT FRACTION UP AT THE STAHT Foreign Cables Were Better and Cash Demand Abroad Show ed Some Improvement. ny Private I,ea«cd Wire. Chicago, Aug. 31.—Wheat waa nerroui, with price change, Irregular and unaettlad Dellverlea of wheat will be enorinoua ol September eontmeta Saturday, but the wheat will go Into good handa. I-rleea were He off to ttOUc higher. Corn eloeed lame and tt®lUe lower. 0«<* »'» »“ J*® |4c and provlalona were about the aome. Cneh aalea were 17.000 bunh'la of wheat, lts.ooo corn and 50,000 hdahela of oato „ cfleamfi lire loeile 'of wheat, <0 loeda earn ■ml »0,too buahel,.oata at the .eaboord ; ml skl.OOO Ini,hel, oat, at me aeainmni. Cleoraneea for the week were 6,011.000 bnaffla wheat, jmd 311.900 Itiahela ,of corn Primary reeidota-W hewt WO.MO huahela. and corn 6H.OOQ hnaliela, against 863,000 and 061,000 buahela. reapectlvely, a year "c'ienrnnee, were *17,300 huahela wheat, hi- elndlng llonr. 4,708 bushel, corn and 6,300 bushala of oats. CHICAGO GRAIN MARKET. Chicago grain and proTtitoni'quotation* for «o3.y follow. ■ rr , rIml> Open. High. tow. Close. Close. in s is n [|”'l 8 8.88 & tPBf Sts k ass as satriat, if. if |f |f Jan.... 7.95 7.97V4 7.95 7.96 7.96 HIDES— paper appears today, and there waa some fear vestardar that It might be less favora ble than haa been generally expected. Fur thermore, a good many were Inclined, apart from all this, to cover on (he eve of the Lat»or Day holidays. The New York ex change will Im dosed on Hatimlny as well ns next Monday* which means that nil oper ator short of the market would Im» exposed to the chances and uncertainties of the Sea son for three days. In view of thin fact, snd also iHK-ausc prices hnvc had s very se vere setback during the last month, not n few deemmk It wise to rover ami await fur ther developments. In the main the weath er was favorable ami talk to the effect that It was too hot In Texan seemed a little far fetched. It was undoubtedly clear ami hot, the maxlnmm temperatures In some sections reaching 100 to 102 degrees, but as a rule the hest was no more than normal, and this with clear conditions would have a ten dency to cheek the ravages of ths boll weevil.—Glbert k Clay. New Orleans, Aug. 31.—The approaching holidays, some fresli Imll Weevil talk and u fairly well defined fear that the government proved to the extent of BOe a bale. There were no developments warranting opinion changes, ami on the whole bearish senti ment underwent no curtailment. The Amer ican markets will close this afternoon to re open Tuesday. Monday morning tho Times- Democrat will publish Its cotton crop con dition report for Augtist.—Ware k Leland. WEATHER IN COTTON BELT. . partly cloudy and pleasant. Houston partly cloudy and cool. Temple partly cloudy. Han Antonio partly cloudy am! warm. Cisco clear. AlnlNima—Mobile. Relma, Opelika and Montgomery clear and hot. Hutitavllle dear ami cool. Mississippi—Naw Albany* Tupelo ami Am- ory dear ami pleaaant. Georgia—Macon cloudy and cool; rain yes terday. Amerieui partly cloudy and warm. Albany ami Havannah clear ana warm. Co- Iambus cloudy and warm. WEATHER IN WHEAT BELT. New York Stock Exchange New Orleans Cotton New York Cotton Exchange. New Orleans Stock 1 New York Coffe.» Eichange |»w Orb-sns H-er 1 Private Wires to nil Eschangeg. Local and Lona Dlatinoa Telephone 6293. W. R. FAGAN. Manat]** i Exchang*.ICbteafO Board of Trade. Exchange. Liverpool Cotton Association I of Trade.fGilveston Cotton Caching* ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA. GEORGIA. Extreme Northwest—Barfly cloudy; 96 to 54 above. Northwest—Partly cloudy; 50 to 66 above; showers In Uapld City. A) to 70 nlmve; heavy rain In Ihslge Cll amt Wichita. Ohio Valley—Clear; IS to 70 above. WEATHER FORECA8T. •were Friday ami Hatuf- Illinois. Indiana. Mlsoonrl, Iowa. Kansas. Nebraska. North Dakota. South Dakota ana Montana—Khowera tonight and Hat unlay. Minnesota—Fair and wanner tonight; Bat- unlay partly doady; posaildy showers lu Kept..* 8.82H 6.83 8.T7H J.JHi 8 PRIMARY MOVEMENT. Th, foUowlD* flrirra *lv» Ihf prlm.r* ran,,'mi’llt of ’vhpflt .ml corn loony: Wlio.t—Ilwoliil, <88.000 biwhol,. .gjlirat ' i Inst (Oil) 180,000 bushols In.t ywir: shlnmrnl. 570.00 huaholn, SKiilll.t <70,000 hush.la la.t your. IPI5I-II5* .KHlIWi 31-5-wv Iiuou-I- rorn—n,o,lpi. 10,000 lm.h,li .enliuot l.ooo huah.l. lost yrar; shlpmonts 454.000 bushols, against 111,000 bii.h,l. In.t yrar. NORTHWEST CARS. T i; nml list yrar! h‘L CHICAGO CAR LOT8. Wheat. Corn.. . Oats. . lloga. . Todsv. Tomorrow. . ?!o 12000 | 2000 LIVERPOOL GRAIN MARKET. Wheat—Opened He lower: at 1:30 p. m„ % 0Uc lower; closed unchangeil. Corn—Opcne<l unchanrfud: at 1:36 p. m.. nnchanged to tic lower; closed unchanged to %c lower. THE 8UGAR MARKET. By Private I*eaae«l Wire. New York. Aug. 31.—Local refined and raw sugar steady ami unchanged, ten don itects steady; August and Heptetnl>er 9a 6*d. LIVE 8TOCK MARKET. By Private Leas*! Wire. t'hlcago. Aug. 31.—Ifogs—Estimated re ceipts tislay 12,000. Market 5«10e higher; quality fair; left over 5.R27: hulk $S.I506.)i); estimated for tomorrow D.000: lleht $506.45; mixed B.6ME645; heavv 36.4004.20; roajrti 35.40fi5.tt: pigs 35.4004.Jj: yorkera 34.400445; go. N | to choice heavy 34.350145. Cattle— Receipts 15.000. Market strong; good prime steers 15.404^4.85: poor to medium 319605.30; stockera and feeders 32.3004.25. Mhee|» Estimated receipts 10.000. Market steady; quality fair; mtlve 33.1505.60; west, ern $3.2503.HO; yearlings 35.6004.25; lambs 34-5007.75; western 34.W07.75. MODERN MILLER'8 CROP REPORT. The ifiMlern Miller says the holding at titude of winter wheat by farmers Is firm ly maintained. There are no signs as yet Increased movement to market. Many Interior millers look for free dellverlea by farmer* during Kept ember. Louisville nml Nashville statement shows 10 per cent earned on stock nnd real earn ing capacity probably near 20 per cent. Twelve Industrials declined .58 per cent. Twenty active railroads declined .62 per cent. Closed steady. 8? I u t-'J 9.04-07! H. 10-14 Private Wire to Glbert Sc Tiny. 9.01-f-i 9.12-14 9.19-20 that 315.000,000 will probably be taken by middle of next week. The market looks ns good as It can with money nt 10 per cent. Union Pacific, Houthcrn Pacific, Erie, Cop- per and the Steel shares we expect to show By Private Leased Wire. New York, Aug:. 31.—The speculative movemeht slackened Its pace on this morning's market nnd price changes were extremely Irregular. The reason for thlx lay entirely In the very utlff conditions In the money market, which were more apparent to day than they have been at all. Call money early in the day roue to 10 per cent, nnd a good deal of the end of the week borrowing was done pound the high figure. Meanwhile the bids for time money, while not rai.sel over the previous days, were made more urgency, and the supply of this class of funds gave further signs of rapid diminution. The announcement made seml-offlclatly that 32,500,000 gold^ had been engaged for Import im. had come from the Hank of direct, helped steady the stock mar{V ... ndvnnelng tendency. The (tanks have lost 34.522,000 through sub-trenstirv operations since Friday. Would tuke a few profits until money gets cheaper. y ‘ . H along NEW8 FROM CROP, Weather in Belt. Private Wire to Glbert k Clay. New York, Aug. 31.—The Journal of Com merce's condition report today Is 77.5, com pared with 81.7 laat month. Texaa declines 7.8 points, that state condition being 77.4 agatuat 86.2. Excessive moisture caused de terioration. Plant generally large nt tho espense of fruitage, but many report good fruitage. Weed Is strong nnd cultlvntlon Is good. Labor scarce. Few Insects except weevil nnd boll worms In Texas; season one to three weeks late; bottom Inuda suffered some by floods; shedding and rust most complained of In Loulslntm and Arkansas. It makes the decline In condition 4.1, com- pnred with n decline of 3 points in snmc months In 1905, 7 points In 1904, and In 1903 sn Ihcrease of 2.9. The condition la report ed At 77.6 against 72.4 Heptember 1, 1906. nnd 77.4 In 1904. The wenther has been generally unfavorable, but the plant waa In excellent condition to withstand It. The New York Financial Bureau says: The wisdom of continuing In tho neutral trading position, ns a whole. Is mnulfest. Specialties only are raised to gain. The prospect of nn unfavorable hank statement, the Bryan speech, the postponement of tho Ht. Paul and ore deals,with the holiday coming Monday will, we believe, operate to encourage the hear professionals today. Tho individual positions must still he fol lowed with the closest scrutiny. Bryan's advocacy of railroad ownership. Income tax, even with the dropping of the silver Issue, shows him to lie ns radical ns U^ose- velt, though possibly no worse. The Dem ocratic fall election campaign will proluildv In some measure. But In view of the exhaustion of bnnkj reserves, indicated for tomorrow, this Importation was too small a sum arouse pny enthusiasm on the stock | exchange. Union Pacific was v strong, and Southern Pacific, St. Pi Copper and Pennsylvania showed at times some fairly good buying. Hu* the rest of the list fell off pretty grq erally at the opening and failed to gain much in latter trading, f Trading at the opening of the ntoc( ent. change was tS only moderate volume muI S rlre fluctuations were narrow. The on- ortone .if the market, however, was Arm, and Initial advances outnumbered the d»» cllnes by. about 3') to 1. The heaviest trad Ing occurred 4n Union Pacific and Unite- Htates Hteol common. The stock mnrkct has been feverish n unsettled nil through tho first hour,>^* room traders were mixed both In the oji tlons nml market •minions, nnd prlc« incuts were controlled wholly by the situation. Before 11 o'clock large n ..... „..._ _ of loans were called. At times a distil itipplv Is apparently available at pres- feeling was created by statsmenj JuilKln, from .orf.™ Itullotlnu,. hrarjr <Mhl ••'iinraini’nt. In Londtm.Mr| fundamentals ns < they are. there Is {^ r Linkers^denlnis * l < s lie directed along the Hues mentioned. It Is well to watch the developments here, ns well as In the money market, whleh hit ter Is more Important for Ihe Immediate fattire. howerer. tfeew sterling is having not likely to Im* ii real hear campaign. frequently stated, nnd we believe lu active clafty Improvement prominent will lie general policy and we recommend conserva tive neutrality still. LONDON 8T00K MARKET* rifle, Houthern Pacific, Hteel anil Krld Government bonds unchanged. Other bonds steady. compared with last month: STOCK— Anaconda. States. "ParoTTna? SnrtTiHHi South Carolina. |Florida. . . Alabama. . Mississippi. Kopfsmhc? ■aTTo Iiotilslana. . . . Texas Arkansas Tennessee Missouri Indian Territory. Oklahoma Average. 87.0 r* 90.7 August Atchison.. Canadian Pacific Chic., Mil. and 8t. Paul.... 86.6 89.6 uo, prrierreii , Illinois Central Ixmlsville and Nashville. . New York Central Pennsylvania Heading .. Houthern Pacific Union Pacific United Htates Hteel do, preferred. THE COFFEE MARKET, New York. Aug. 31.—The coffee markst The map Is again very favorable; light showers have again fallen In the eastern belt, but the balance Is 'partly Cloudy and dry, nnd Indications which, with S very poor Liverpool, should cause lower prices, * •idlr-*- The western forecast Indicates Increasing •’rn *»t*. <iiik. mi.—ilir t.uiirr nmiki-i opened steady unchanged to a decline of 5 points, and held at about the Initial figures during the forenoon. BusIncSN waa rather quiet. Europo sold the lute months, Imt •Iso I Knight nt times, and there waa a lit tle local aelllng with support scattering and Indifferent. To mlddny, sales were only cloudiness throughout, with probable scat tered abowera tonight nnd Saturday. The eastern forecast Indicates fair wenth- were consider! er throughout. that Brasil waa not folio hut later Havre eased off, nml at the hour of the local opening was .Miw lora, auk. 3i.—Ik*sser-<•oiuroan m. i (Ht. IjoiiIs) crop report: Hlnre ours of tho 22d wo hare again to report somewhat too much rain In imutheaat Missouri. Arkansas and north portion of Indian Territory. Tins haa given rise to complalnta from the bot tom lands of shedding, rust, and too rank growth. The uplands continue In excellent shape am! promise a good yield. Our moat the local opening waa H0H net lower, ambura was unrhnngefl to H up, hut this id little effect on the local trade. There mm had L„ was nothing em*onrag1ng slmnt the Hr! xlllnn news. Illo waa weak at a decline of 76 rels nnd Bantos was 50 rela lower, with the rate of exchange unchanged and re ceipts st the ports were heavy, retching 106,000 begs, against 71.000 bags Inst year. 01,09) Im*. >t Junill.hr, .iraln.t il.oqi tleif weather conditions during lb (ember, which we can reasonably look forsAfd to, « good crop Is assured. A prominent spot cotton house In Waco. Tex., wires: "Crop very gmal; no material dainace. Middling quoted at 8%c. A. Norden k Co. nay: "Baacil on B1 re plies from our selected correspondents, we make the average condition of the cotton ahead of last year’s.—Ware k Leland. Following Is tho opening-rang* and close of the New York coffee markst for to day; cm.. February.. MO-5.0 March 6.70 i.664.70 April 6.70-5.80 5.75-6.80 May 8.80 suss lilies re|Hirv. i tin conniy returns up to anil Including August 28 make the average condition of the growing crop 78.6. as compared with 82 Angust lC Ira; 82.7 Heptember.. July 31, 1905, and 70.6 last year. The prin cipal reason for this decline of 1.8 during the month has Iieen the excessive prectpl- .6.204.86 6.0430 October 6.304.35 t»f..35 November 6.36-5.45 6.35 6.45 December 6.504.66 6.456.50 Closed barely steady. tstlon In sections of North Carolina, Mouth Carolina, Mississippi, Texas snd Arkan sas. These rains hare caused more or less 25-Boll Cotton Stalky Special to The Georgian. Anniston, Ala., Aug. 31* Kcc enmo to tow A yesterday hlblted ft cotton stalk mtu- i Inches In height, bearing 25 Ihrl healthy bolls. The apeclmen Isf many raised on what Is known I the Jordnn place, a few miles ad ths city. THE MADDOX’RUCKEfl BANKING COMPAI with capital, surplus shareholders’ liability, $900,000.00, solicits counts of individuals, fij and corporations. Idle money wait! investment can draw per cent interest in Savings Department«*wit drawal any day withott) notice. the year, are prevalent, nnd should l»e ex pected. As a rule, the plant la In good roo- flltloii and fruiting well. There am some comnlnlnts of grass, abnormal growth of stalks and rotting tolls. THE DRY G00D8 MARKET. kef In first hands today was a Tittle more •inlet, but the Jobbing trade was large. “Mpplng departments In Jobbing houses working until 10 o’clock nt night. Haw silk Is firmer, tint manufacturers are taking only hear-by deliveries. Heturns to the Merchants' Association show that double the number of buyers have Iieen In the markst over the figures of lest year. Safe Deposit Boxes For rent in our Vaults in the basement of ihe Empire fTJuildlng 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 Trusi SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOCKS—BONOS—-DRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, CRAIN Correspondent's Capital $250,000 RCTERKNCK. THK NEAL BANK SHONt 141V. PRUDENTIAL BLOO Wisconsin—Fair and warmer. gear Orfrasf. cottonYgra:^, Provision's,’stocksPbonds, is. 2 Wifi St., httn Btlliltf, Affaire, 0*. for rert Cmn htliijf. gear Orltmt Coffie tichtigt. ^ Dvtrseef Caffes lissriSflse. >ew fork rrfvsfe gfm f# lie Verl. few Orttiu. Cifcef*. ACC Chi a go foi rd it Tnd«. Slioiiri Ft oil SSk LOWRV NATIONAL BA] CAPITAL, SURPLUS AND PROFU OVER ONE MILLION DOLLAl Foreign Exchange, Travelers’ Checks, Be Brothers’ Letters of Credit available in of the world. ? nak lUwklnit. Pr.,i 'rat. Toon,.. C. Jorapb A. UcCord, CraMfr. It W. B) . Third National Bai Capital Surplus Dr. A. W. Uslboun. Ml'* -:i I» irgan John W. Grant. II. Y. McCord. $200,00( $300,OO^ DIRECTORS Frank llswkli ft. M. AtfctBS Jov»ph A. Dsvtd