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THURSDAY, AUGUST 20 News of the Cotton Crop and Markets AUGUSTA COTTON MARKET Middling Today 10% Middling Last Year 13% New Cotton Today 9% Tone—Quiet New York Cotton Market (Today’s Figures.) . Open High Low Close f ßua f-y 8.31 8.81 8.48 8.60 Au ßtist 10.06 10.06 n4B 9 (in £ ctober 9.15 9.15 8.58 8.72 December 8.83 8.85 8.50 8.01 Spots—lo.lo. (Yesterday ’s Figures.) Open. High. Low. ("tose. January j 8.93 8.93 5.85 8.88 ;' u P} st HUO 10.15 10.10 10.15 October 9.26 9.26 9.15 9.19 December 8.96 8.96 8.88 8.93 Tone, steady. Spots 10.35. NEW ORLEANS COTTON. (Today’s Figures.) Open High Low Close January ... ... ... 8.88 8.85 8.57 869 October 8.94 8.94 8.65 8.75 December 8.85 8.85 8.59 8.68 1 one—Quiet and Dull Spots—9 3-4 c. (Yes*rroay’s Figures.) Open. High. I.OW. Clone. January 9 03 9.03 8.97 9.00 October .. 913' 9.13 906 9.0 S December 9.02 9.02 8.95 8.97 Tone, steady. Spots. 10c. FULL UUOTJTIS li LOCO KTS (Today’* Figures.] Good ordinary 8 Strict good ordinary 9 Low mitfdling 10 Strict lo 10 3-S Middling io 1-2 Strict Middling 10 S-S Good Middling 10 8-4 Good ordiuary stains 7 5-8 Low middling stains 8 1-4 Tinges (st) 10 3-8 Tinges (2nd) 10 1-S (Yesterday's Figures.) Close. Good ordinary S Strict good ordinary . . .. 9 Low middling 10 Strict low middling 10 3-3 Middling 10 1-2 S'rtct middling 10 5-8 Good middling 10 3 4 Good ordinary stams .... 7 5-8 Low middling stains . . . 8 1-4 Tingrs, Ist 10 3-8 Tinges, 2nd 10 1-8 AUGUSTA DAILY RECEIPTS OF COTTON 1907. 1908. Georgia R. R 7 84 Southern R. R. . 72 Central HR...... 37 Wagcn l3 Net 7 20G Through Total . 7 206 RECEIPTS, SALES AND SHIPMENTS Net receipts today 206 Through cotton ‘oday Grois receipts today 206 Receipts for Week. Sales. Spin Shpit Sat 250 241 3gl Mon. ... 114 112 .... Tues . . . 367 848 ... Med. ... 206 275 *7* Thurs. . . . 584 313 3 Krl .... ....| Total . . .1618 12*9 1057 190* 1907. Sat 517 122 Mon . . . . -39 62 Tues . .f .173 44 Thurs. . . . W 6 7 Thurs .... Total . . .Ill* 239 BAR SILVER UNCHANGED. NEW YORK.—Commercial bar sil ver . 18, unrhanged. Mexican dol lars, 4aC, unchanged. STOCKS UNO RECEIPTS Stock in Augusta, 1908 8,973 Stock in Augurta, 1907 .... 6,329 ftec. since Sept. 1, 07 ... .356,983 Rec. since Sept. 1., ’O6 869.557 IN SIGHT AND, SUPPLY Sight to Aug 5. .11,417.113 13,396,434 ! During week. . . 60,732 52,266 Visible supply... 1,863,296 2,537,208 ESTIMATES FOR TOMORROW Today. Last Yr Galveston 1504 5,000-6,000 Houston 1.999 300-500 New Orleans 125 POUI RECEIPTS Today. Last Yr. Galveston 5656 1304 New Orleans 457 56 Mobile .. 332 96 Savannah ..713 80 Charleston ...... 3n —— vVilmington 2 Norfolk 96 150 Baltimore .... New York. .... Boston 16 Philadelphia 3 Brunswick .... Perwarola .... various .... Total ports, cst. . . .7000 1705 INTERIOR RECEIPTS Houston 6733 915 Augusta 206 7 Memphis 49 27 St. Louts 49 27 Cincinnati 80 Little Rock .... QUOTATIONS ON COTTON IN LIVERPOOL LIVERPOOL—The cotton market I was weak today and prices sagged from the very beginning. Tlic close was at a decline of 10 points under yesterday and middling also dropped lower. Bales were 6,0u0 be 'cs, re ceipts 1,000 bales, lone weak. Mid dling closed 5.71. The following was 1 at- range In prices: Open. 2 pm. Closx Jau ic Feb. . .483 483 472% Feb & Mar . . .485 75 Mar A Apr. . . .4*6 487 477 Apr & May . . . 186% May * June Jnne & July July i- Aug . . 555 56584 r,4«>4 Aug k Kept . .51214 513*4 604V* Sept A Oct , , 497 496 486 Oct A Nov . . .491 49014 480 Nov. A Dec, . . . 485 485 475 Dec. k Jan. . . .483*4 ... 474*4 Proof. Mr*. Knicfcf’r How do you know your husband was working d'»wn In th* o'* Mn. Youngbridr -I t« Icpho uju and 1 Central said * Buiy." CHICAGO MARKET. (Today’s Figures.) WHEAT— Open High Low Close September 93% 94*s 93% 93-* December S)4 ; )i 95 94% 94% CORN— September...., . 7784 77* 77 Va 77% December .. 65% 65*4 65% 65% OATS— . September 48% 48% 48% 48% December 43% 48% 48% 48% PORK LAUD— September 927% 927% 922% 925 October 935 935 935 935 RIBS— September 872% 877% 872% 872% October 882% 885 880 882% V\ y HEAT— Open. High. Low. Close. September 92% 93% 92% 93% December 94% 94% 944 94% PORK— September 76% 77% 76% 77% December 65% 65 % 61% 65% LARD— September 47% 48% 47% 48% December 48% 48% 48% 45% RIBS - September .... October .... CORN— September 912% 925 912% 922% October 925 ~ 932% 925 " 932% OATS— September 867% 870 865 870 October 877', \ 880 875 877% New York Stock Market (Today’s Figures.) Close New york closing stock % Atchison S 8 Baltimore & Ohio 93% Canadian Pacific 172% Chicago & Northwestedn . . .159 Colorado Southern 33% Erie 23 Illinois Central 435% Louisville & Nashville .. .. 107 Mexican Central 16% Missouri Pacific 55 New York Central 102% Reading 124% Pennsylvania 123% Rock sland 17 St. Paul 142% Rock gland pfd 32 Southern Pacific r, i)% Southern Railway 18% Union Pacific 137% Union Pacific pfd 85% Wisconsin Centra*. 25% Interboro Metropolitan 11% Interboro Metropolitan pfd . . 32% Great Northern 136% Amalgamated Copper 77% American Car and Foundry .. 40 American Loot motive 56 American Cotton Oil 34 V, Am. Smelling and Refining .. ..94% Am. Smelting and Refining pfd 107 . Brooklyn Rapid Transit 51% Colorado Fuel and Iron 33% General Electric 143 International Paper t"% National Load {'s% Pacific Mail 34% People Gas ... 3-’‘a Pressed Steel Car ;]■% Slows Sheffield Si eel 62 Southern Pacific pfd ]lB% Sugar United States Steel • United States Steel pld 108,.-. Western Union Va.-Carollna Chemical «' /* Va-Carolina Chemical pfd .. .106 Util COMMENT The bottom dropped out of cotton today and at noon prices on new crop month* were forty points under yesterday’s close. The Chicago grain market contin ues to climb higher There Is evi dently no depression in the west. Local cotton mills figured again In t be transaction of today on Cotton Row and sales were heavier than for some time. New cotton in Augusta is quoted today at 9 1-2 cent*. This is a price just, four cents under the figures that buyers paid a year ago. Somebody wiil soon want to know where the bottom can be found. Reports from New York early this morning were to the effort that south ern traders were heavy sellers. Many cotton factors in touch with the real situation here aver that they will be heavy losers a little In the season, Mr W M. Bush, of the R. C. Neely Company, Is over In Alabama today looking at the situation there, Mr. .1 K. Luke, of Luke and Flem ing. Is In South Carolina today Inves tigating the probabilities in cotton. Augusta Is getting its share of rain nowadays, but the farming territory around the city Is yet practically without any relief. LIVE STOCK* MARKET. UNION STOCK YARDS, life Hog,; Receipt*, 16.000; market steady." I.lght 6.15*6 76; bulk 6.40 a 0.70; mixed 6 15a6.85; pigs 5,!5a8.00; heavy 6.16*6.83; good lo choice heavy 6.45*6.85: rough 6.35*0 43; yorkers 5.15*6,00. tattle; Receipt* 4,000; market strong to 10e higher Reeves 3.75 a 7.60; Texas steers 3 50*6.20: wes'en steers 3.50*6.00; stockers and feeders 12 65:1 50 n -rs and heifers 1.75*6.60; j calves 5.50*7 26. Sheep; Receipts 15.000; market, steady. Natives 3.25 a 125; western !2.75*4.25; yearling* 4,25*5.00; lambs, 'natives, 3 50*6 25, western 3 75*6 10. THE AUGUSTA HERALD. J. G. McAILIFH, Market Editor (Yesterday's Figures.) Close. Atchison 87 Baltimore and Ohio 94 Canadian Pacific 171% Chicago and Northwestern ...158% Colorado Southern 33% Erie 23 Illinois Central 137 Louisville and Nashville 109 Missouri Pacific 55% New York Central 101V 8 Pennsylvania 123% Reading 124 Rock island 17 Rock Island, pfd.. 82% St. Paul ~142 Southern Pacific 97% Southern Railway 19 Union Pacific 156% Union Pacific pfd 85% Wabash 12% Wisconsin Central 26 Interboro Metropolitan 11% Interboro Metropolitan, pfd..,. 32 Great Northern 136 Atiantaic Coast Line 90 Vi Amalgamated Copper 77Vi American Car and Foundry .. 40'/, American Locomotive 65% American Cotton Oil 34% Am Smelting and Refining.... 94% Am. Smelting A Refining, pfd ..IPS Brooklyn Rapid Transit 52 Colorado Fuel and iron 33% General Electric 143 Slosa. Sheffield Sleel 61% Southern Pacific, pfd 119 Sugar 135 United States Steel 45% United States Steel, ptd 108% Maekay’s pfd 69* Va.-Carolina Chemical 28 Va.-Carolina Chemical, pfd .. ..108 CRASH IN COTTON IN N[IN YORK MARKET NEW YORK—At the qpening today the hears made a raid wfilidi caused many stories, one to the effect that Livermore, the "young cotton king” had lost heavily In the decline that followed the raid There was the usual greatest ex eltoment on the floor of the nxehange and October was made the point of attack. In the first ten minutes of trading between 25,000 end 311,000 kales were dumped on the market. October, which closed hi 9.20 last night, ope ed at 9.15, and broke to 8.81, show ing a loss of $1,90 a bale It then rallied to 8.89, but immediately broke again to 8.81. On *he floor of the cotton exchange the story commonly circulated was that .Joseph A. Batten, a great wheat speculator of Chicago, and L've.mo’e, were the sellers. Dining the excitement atiei ding 'he raid brokers declared three days ago Livermore wins long 300,000 hales, I which cost him an average of 9.40 If this story Is true today's break I represent* a loss to him of nearly i $3.00 a bale, or $900,000, At the office of K F. Holton k Co., where Livermore makes his head quarter*, there was the usual dis inclination to make any statement I about the young operator. COTTON BELT FORECAST. ▼ ▼▼▼▼▼▼▼▼▼▼▼▼▼▼ LOUISIANA: Partly cloudy weath er; *howcr* tonight or Friday; light to 7rwh northerly wind* on the roaat. AFt KA NS AS: Tonight partly (loop/ weather, cooler; Friday fair. AKI.AHOMA Fair KAHT TKXAH: Partly cloudy weather; *< altered ahowera tonight ;or Friday; cooler tonight In north i portion; light to fretth northerly wind* on the coart WKHT TPIXAH: Partly rlotidy weather *w. ahowera tonight lor Friday. SUPPORT GIN TO STOP DECLINE IN STOCKS (By T. C. Shotwell.) Nr.\\ YORK. 'l'lie heavy selling ou stocks continued in Wall street to day. The market was supported just, enough to keep it from breaking. The most important speculative Inter est* believed the most Important movement has terminated they are now working tor a substantial reac tion. There is evidence that the Hnr riraan and Morgan people have turned loose large quantities of stock which they propose to get hack at lower prices. The collapse of (lie frelgut raising movement lias cast suspicion on the alleged boom In business. The liquidation of stoel by directors of the trust and by executive officers of Independent steel companies is be ginning To worry the professional, traders. Continued heaviness of Now York Central Is causing some apprehension and a dividend reduction is general ly expected. Ilarrimnn is said to be shifting his speculative line from the Hill-Morgan stocks into Southern Ba cifie and Union Pacific. The Copper metal situation Is at tracting careful attention once more. 3he situation in that direction Is so highly speculative that no one would be surprised to see a sharp break tn the metal stocks, especially in those cannot produce metal under 1,- 200 pounds. BIG BREAK AFTER THE OPINING IN STOCKS NEW YORK -At the mieni'g of the stock market the only advance re corded In the first run of quotation* was that of 1-4 In Smelting. A 1111 - 1 her of issues wero unchanged, In eluding Erie, Reading, Pennsylvania. Anaconda, B. R. T, Kansas and Tex as ptd. The largest decline was in <». N. pfd.. 31. Copper opened 3-3 lower, Lead, N )’. mid St. Paul worn down 1-4 and S. P. shaded to 18. U. P. opened unchanged. NEW YORK Stocks’ broke wildly In Wall street about noon today. Un der leadership of N. Y C, which was sold down to par, the slock market declined an average of two points. The break was caused by discovery that the New York Central has a floating debt of about 140,00(1,000, and may bo compelled to pass Us divi dend enttrejv. According to report* it is not earnings lis fixed charges. NEW ORLEANS WAS REPRESSED BY BEAR NEWS \ NEW ORLEANS- Except that, the market whh definitely weaker today, there is little to be said In connec tion with the local spot sltuuitlon. There Is no mill domain, at present, and, consequently no movement of any Importance. Huyurs have be come thoroughly tmhi.od with the Idea that prices will yet reach a much lower level and largely because of the existing depressed eoouUton of the goods trade, are lepared to hold off Indefinitely before taking on any considerable amount of added sio.-k In the meanwhile new crop cotton Is reported to be off "ring freely in Tex as, and as the port* re'*- , ills are be ing pissed for sale. gome little f. o. li, b'lM’iesH wus talked of today, but id murl.et us a who!" was both dull ami depressed. The slump in the contract market continued anabatic* today. Prices opened 7 to 10 point* below yestcr dnv's level, under the combined In fluence ol favorable crop reports anil heavy selling by th- Livermore In teres!, both locally ami ui New York, and during the lira*, half i f the day worked off 17 points iiililtllonal. The trading wa» fairly heavily and ne cessarily there were occasional ral lies of a few , olits as the result of profit tal Ing by room shorts, lint Hie downward course of values was pronoitnciil, and niter the noon call showed ne* losses to tint hour of ;1 to 25 points tn;on*bout Hie tier of months. EARTHQUAKE IN ITALY. TKRNI, Italy -The community about Han Valentino la In a of panic today, the reault of a aerlea of violent earthquake abocka, whleh. have canted liouaea to fall and threatena a landallde fr'"P a tower Ing mountain which eiatul* behind the city. The majority of the population haa already fled to the open field*, where they are camping, fearing to Igo hack for their belonging*. william walker dead. JACKSON, MISS A apodal to the Dally New* from Brandon announce* th'- death at that place of Col. William ; Walker, editorial wr|d r of the New fjrleati* I'leayun*. for the pa*t thir ty year*, and at on>- time editor In t hies of that (taper. Ife wa* about CJ* -ear* of age, and a native of Ala bama. FINANCIAL THE NATIONAL BANK OF AUGUSTA 707 BROAD STREET. ORGANIZED 1865. V CAPITAL, SURPLUS AND PROFITS $450,000.00 L. C. HAYNE, President. CHAS. R. CLARK, Cashier. BEGINNING AUG. IST, 1908, this Bank will pay 4 per cent in forest on CERTIFICATES OF DEPOSITS. These certificates will be issued by 11s in sums of SIOO.OO and up, for stipulated periods of time, to suit the Depositors’ convenience. SAFETY LOCK BOXES $3.00 TO $20.00 PER YEAR. The business of our out of town friends carefully looked after. CORRESPONDENCE INVITED. You can draw your money at any time if you deposit it with us and take one of our CERTIFICATES OF DEPOSIT. We pay you 4 Per Cent per annum if you leave it with us three months qr longer. The National Exchange Bank. CAPITAL AND SURPLUS, $5^0,000.00. Georgia Railroad Bank Augusta, Georgia. This Bunk Solicits the bunking business of merchants and corporations. We pity 4 Per Cent Interest on all deposits placed in our Savings Dept. YOUR ACCOUNT INVITED. Absolutely Safe and Sensible are the Coupons Certificates of Deposit which wo are offering for the convenience of our customer;;. The size of an ordinary bnnk draft, with Interest coupon attached, hearing I per cent In terest, payable four times a year, they an* reliable, sure and profitable Issued in Augusta only by tin* Merchants Bank. CAPITAL und SUHPLUS, - - $.100,000.00. THE EXPKkIKNCK of thousands of our depositors Is Identical with I hat of the person who lias not begun to save. The hard'- purl about the whole bust ness for them w»» the STARTING POINT. After the lee was broken and the start made It wim found to he an easy matter to lay aside a certain sutu each week or month. And It la certainly aston ishing how rapidly a bank account grows, especially when 4 per cent interest Is added to 'll each six months. Come In ami make your start tomorrow morning early. “WHERE SAVINGS ARE SAFE.” THE AtyGU 3T A SAVINGS BANK 823 BROAD STREET. Railroad. Schedule* CENTRAL OF CEORGIA RAILWAY. (Current aaiicoimui t *»»ia to Pate.) (7Dt li M'lldlmi Time.) DEPARTURE*. For nnvimruili Mini Macon . ••V:Sonrn For Dublin and Hiivunnnh *2:46pir« For HavannuU und Mu can • *B:4opm For Hu v.iniM.h und Macon !!U:lojmi For Savannah, “i'ylMi**. limit oil” nv.Ouum ARRIVALS. From Havannnb ai d Macon ... ••7:6Vpm From Savannah and Muion .. From Savannah And Mu con tJrt:loum From Dublin und Hu vanuah ... 4bp'Ji From ttavun'h fyb«« Limited' , T!JT,4&u.in •Dally. ••■Sgoapt Sunday. MNund/iy only. DmwltiK Room Signing Cum between Auguata »»l»d Hiivuiiimn on night train*. Formed* »il Mlllen with through mu-p --ing cm r h to und from Mu yon, Atluui.i, Folurnbm*. Jlfrminghum »nd ('hlcnfo, III*. v v PowjfißS, w w UACKwrr, Com'l. Agt Truv. Agt. 7r» Broad St. REPORT OF LARGE YIELD CAUSED DECLINL NKW YORK. Report* of good gen eral rain a when- needed Iri the cotton belt encouraged further H"lltiig tlila morning hy le-ar* and It la believed fonKlderahle tinloadltig by the bull crowd, though It la the general opin ion that there la yel quite a large quantity of gpeculatlve long cotton to he unloaded While there ure report* of deterlor at lon from *otne aectlon* the duitmgt) ia not conaidert-d of conaequenee, and at thla time a very large crop, per hap* the large*! of record, «eem» iih aured while the deinaud for the etjriy movement promlaea to be very light In conaequenee of poor trade rondl tlona for manufactured produel* of cotton and the IndlapoaWlop of titllla rnak>- future eommltmenl*. Therefore lower price* for the atftplc are gen erally expected with temporary ral lie* from time to time. Carpenter, llaggoti & Co. Don't overlook the Sunday et nr aoln* to the H' lo pore < la, the t’hir lea'on At Weatern Carolina Hi,l wo /. Train* leave, 7.0 b a. m. PAGE NINE FINANCIAL | Railroad Schedules Char lesion A Western Carolina Kailway Th* follnwii.g urrlvaU .*..u a*pHrtvn**e of trains, ITnlon HlhUom. AUkumlu, On., im well it h COlifOUoiiH with oflmr rompu nluti, .ire alrnply KivtMi ua iufur mutton. UltfJ U4fn liol g miTAll t miml (Ktrvctlv* M ay 31, UOi.) DEPARTURES. •30 n. m N<> 7, Dally lor An lemon, Ki*n«*«iH, VViilliidla. etc 10:10 a. ti No. I, Ttally tor <tr««nwood, latu/FHH, < (tAxitviilf, WpurtAnburg. IfmiilorMonvlllft mid Aalmvlll*. tOb p. in. No. 42, Dully vxernt huiulay. for AllyiiduJ*\ Fairfax. Clmrtaaton, Hifvuiinuh, Puuufort, Purl ltoy:il 7:00 a in. No 38, Holiday only, for Al- Inndal*, ('hfU'lmton, Jlauufori. Purl lloyal, Havaunuh. 440 p in No. 3, Dully far Oman wood, js’o. b louvwa (IVm||wu«4 at l»;00 a. Hi tin bpiiriuiiOui a ARRIVALS. No. 4, f»uliy from Dr*«mwond, tII « in. No. 4J, <i.i||y fcjnopt Honday. from i "hurloNion, Kivannah, llnanfnrL Port i Itoyul. all , No J 7, Hunduy only, from llffniif'irt, Port Itoyul, <!hnrl<‘Miofi and Mn« vannah, 130 a. m, 13 10 p m Nn. 3, d illy from Ahl.uvlHw. gpurtunuiiri, Hi ••on wood, Mr.. (i I p, in. fi o. 1. dally from Andoraoii, MoCttrmlclc, ato. 7.J* P in. Train* ?1 find 4*; and 37 nnd H 8 run holld l,*twoon Aijkuul.i and (Mtn riant *n Kffacllv* Juno 10. 1903. thcuo will t>4 'lrl W<*Kly Purlor r.ir h<tv!i;h hatwaan AuffnMu unr| 4xh* vl|l<\ lea vine Auicu*td Tu» liiyn ilioisdity mi) ?..il unlay*, Aanovlllo Monday#, Wadnugulity and trfl* duya. Tralnti Non. I and 2 KftNMHT WII .1.1 MM, tiriKT.il Puwioiigcr Aa* nr No. 807 llroadeny. AiignaC*. Ot, A T L, AIN T 1C Cotist Line Null,' iln at- uiTltale i.uu tP-pariurei are glv«.n ,i n tiifpi'iuattoii, Inn arrival apt (•me Mon* uni net guuiuma.il. No- No X* ; No.'ll. »i«y ), lain. Hnuta - I ipmt.v... . Aug.iv In . Xr. 10 uoan t.Wl'in f,v IturiiwuU 7:1.1av < I V ... Denmark t.v. 7 ;,Xan t ‘f.v .. Urangepur* ...t.v, 7 Iftau .'<!■ - t.V giiuilvr I,v. t i'un Fl-/I I ,v. 4 :40au C I ' mAr Itl.-li.ii.iriV) ...,|,v. 7 t.ipn i ' ’m Ar Wi-. imgii i, ...f.v. :i c.pn -11 70:nii \r. . ttnlitiui.ro ~..1,v. 7:|7pu i llp i.Ar, VV I'hlla t.v It „ tin Ar I .w York. M Mt l,v. «.7tiua l-CU.MAN I‘Altl/Jlt ( ARM bclweei Ati* i m unit New York wllhout i-lian** tuning Car g.rvloe, Vlnivncn to No. | York. In I> M'CtIJ.LtJM, ' nmi*- ivtul Agent |i»7 ttruHil ,4t. 1 7V <■ Will IK, W. J <7t*A|i|, U«n. Can Aganl, I'aga. frag. Ugl Wllmlnabut. N. vJ. COTTON SEED OIL. NFW YtlltK Cotton aee<t >,|| clot iil ** follow*: Augltai, ;itl ;i 4*:!7 1-2; Sept., M *• II 37: Oct . 86 I 4*lß-1; Nov.. 85 I f 34; Dec ,36 I lib’ 4; .Inn , 36 I 4*bd Tone Firm. Value 3.1 Mi.