The Augusta herald. (Augusta, Ga.) 1890-1908, September 06, 1908, Page PAGE FIVE, Image 19

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iSUSBAY, SEPT. 6. News of the Cotton Crop and Markets |^“ AUGUSTA COTTON MARKET SATURDAY HOLIDAY. Middling 834 c Tone— Steady New York Cotton Market (Friday's Figures.) Open. High. Low. Close. January 8.32 8.42 8.32 8.36 October 8.53 8.61 8.52 8.54 December 8.44 8.52 8.41 8.40 Tone—Barely steady. Spots—9.3o. NEW ORLEANS COTTON. (Friday’s Figures ) Open. High. Low. Close January 8.48 B.sfi 8.48 8.50 October 8.50 8.61 8.50 8.57 December 8.44 8.55 8.44 8.49 Tone—Barely steady. Spots—9 1-16. FULL QUOTATIONS IN THE LOCAL MARKETS (Saturday's Figures.) Close. Low middling 8 1-2 Strict low middling 8 6-8 Middling 8 3-4 Strict middling 8 7-8 Good middling 9 Low middling.. .. ; 8 1-2 Strict low middling 8 5-8 Middling 8 3-4 Strict middling 8 7-8 Good middling 9 s RECEIPTS, SALES AND SHIPMENTS Net receipts today 1016 Through cotton today Gross receipts today 1016 Sales for Week. Sales. Spin. Shpit Sat. ... 939 130 Mon .... .... Tues Wed .... Thurs .... Fri. Total. . . 939 130 Receipts for Week. 1908. 1907. Sat. . . . 1016 1289 Mon Tues .... Wed Thurs .... Tri Total. . . 1016 1289 STOCKS AND RECEIPTS Stock in Augusta. 1908. . . .10,662 Stock in Augusta. 1907. . . . 8,703 Receipts since Sept. 1, 1908. . . 3,432 Receipts since Sept. 1, 1907. . . 5,240 IN SIGHT AND SUPPLY 1908. 1907. Sight to Sept 4 76.611 90,736 During week 115.914 103,389 Visible supply. . .1,700.552 2,200.205 ESTIMATES FOR TOMORROW Today. Last Yr Galveston 5431 6500-7500 Houston 5219 New Orleass ;67 PORT RECEIPTS Today. Last Yr. Galveston 7965 5543 New Orleans 443 221 Mobile 6 Savannah 3530 4093 Charleston 36 477 Wilmington 5 132 Norfolk 15 648 Baltimore 659 Total ports( est.).. 12000 11782 N. Y. EXCHANGES CLOSED. NKW 1 ORK—AII exchanges closed today. Leather quiet. Wools steady. Rosin quiet. Turpentine quiet Do You Want Work? Send your Ad. to the Herald Office, or telephone your name and address to The Herald from your nearest Drug Store, and The Herald will print your Ad., WORK WANTED, FREE. IF YOU WANT TO WORK THE HERALD WILL HELP YOU FIND WORK INTERIOR RECEIPTS Houston 6568 77 Augusta 742 1143 Memphis —— 53 AUGUSTA DAILY RECEIPTS. 1907 1908 Georgia railroad. . . . 186 161 Southern railroad. . . . 296 212 Central of Georgia. . .178 278 C. & W. C 171 1 ‘Atlantic Coast Line. . . 48 .... \>agon 410 364 Canal River .... Net receipts 1289 1016 Through Total 1289 1016 SPECIAL NOTICE On account of holiday in all markets the regular edition of The Herald will he supplied to subscribers to the Special Market Edition Monday. AUGUSTA GRAIN AND PROVISIONS Murphey & Co. quote prices on Au gusta grain, provision and produce aa follows: D. S. sides, 45-lb, ave, 9%c. D. S. Plates, 8-lb ave .. . .B%c. D S. bellies, 22-lb ave, 10%c. Smoked aides, 45-lb ave., 10%c. Smoked Shoulders, 8-10-lb, 9%c. No. 1 Picnic hams, 6-8 lbs, 9 l-4c. Dov P brand hams, 11-lh, 16%c. Capitol City hams, 11-lb, 15c. R. G. Breakfast bacon 13%c. Best white corn, $1.03. Best mixed corn, SI.OO. Best whit e oals, G6c. Purina chick feed. 100 lbs, $2.20. Chicken feed, 50-lbs., 95c. Corn chops, 96 lbs., SI.BO. Dairy feed. 100-lbs., $1.45, Pur e "’heat middlings. $1.50. Pure wheat bran, $1 40. Virginia H. P. peanuts, sc. 22-ib cream cheese. 15%c. Best second patent flour, $4 50. Standard patent flour. $1.90. Fancy patent flour, $5.00. Woolcott’s Royal High patent flour, $5.25. Jarboe's Royal high patent flour, $5.40. Fthereal, highest patent flour, $5.50. The above prices on flour l-8s and l-4s cotton; wood 15c more. Cotton sheets, full size, SI.OO. 2 lb new bagging. 7%e 2-lb standard pieced bagging. Sc. 2-lb sugar hag cloth. .^%c. New arrow ties, $1.06%. Whole rebundle tiea, 96%e. Riveted ties, 70e. No. 1 Ga Syrup. 2bbl«., 38 White clover drips, bbla, 30c. CHICAGO MARKET. (Saturday's Figures.) Open. High. Low. Close WHEAT— September 9814 98% OSH 98% December 97% 98 96% 97% CORN— September 78% 79% 7S 78% December 67% 67% 6714 676* OATS— September 49% 4974 49% 49% December 50% 60% 50 50'* PORK— September.. ~ 14 65 14 65 14 57% 14 67>4 October 14 72% 14 72’., 14 62' . 14 62'. LARD— September 9 62% 9 65 9 62'4 9 68 October 970 9 72% 9 67',a 970 RIBS— September 9 12% 9 15 9 05 9 07% October 9 17% 920 9 07'% 9 12% (Friday’s Figures ) WHEAT— Open. High. Low. Close. September 9S 986* 98 98% December 97 7 % 97% 97% 97% CORN— September 79% 79% 79 79% December .. 68% 67% 67% 67% OATS— Septemoer 56% 50% 49% 49% December 50% 50% 50% 60% PORK— September •• October LAKl>— September 9 69% 9 67% 9 65 9 65 October 9 72% 9 72% 9 65 9 67% RIIJS September .. 9 20 9 20 9 10 0 10 October 9 20 9 20 9 15 9 15 New York Stock Market Atchison 90% Atchison pfd 95% Baltimore and Ohio 96% Canadian Pacific 172% Chicago and Northwestern.. ..162% Colorado Southern 86 Erie 25% Illinois Central 109 Missouri Pacific 57 New York Central 105 Pennsylvania 124% Reading 129% Rock Island 17-% Rock Island pfd 33% St. Paul 144% Southern Pacific 108% Southern Railway 20% Union Pacific 164-% Union Pacific pfd 87% Wisconsin Central 24% Gold Mine N. O. Syrup, bbis., 26c. Pure Cuba Molasses, bbls, 31c. C. O. Molasses, bbls., 150. C. C. leaf lard, 50-lb cans, 11c. May Blossom K. R. lard, 50-lb cans. Il%c. Fidelity K. R. lard, tubs or cans, 12c. Snow Drift Hogless lard, 50-lb cans, 9 l-4c. Texas Comp. lard. 501 b cans, B%c, Lard in tierces, l-4c less; in 60 lb tubs, l-8c less. N. Y. Gran, sugar, bbls., $5.30. N. Y. Gran, sugar, 4,2511 b cans $5.35. N. 0.. Gran: sugar, bbls only, $5,10. Sugar f o, b. coast, 10c less. 96 1b Pearl grits, all sizes, $2.20. Georgia Country Meal, 96 1b $195. Georgia Country Meal, 48 lb, 99c. Georgia Country Meal. 24 Ib, 50c. No. 1 Alfalfa hay, per ton, $23,00. No, 1 Timothy hay, per ton, $17.50. No. 1 Pea Vine hay, per ton, $20.00. No. 1 Vetch hay, per ton, SIB.OO, New Bermuda hay, per ton, $15.50 Cotton Seed meai, $24.00. Cotton Seed hulls, per ton, $9.00. Common green coffee, 7 l-4e. Standard green coffee Bc. Fancy green coffee, 9%c. Cracked rice, 3%c. Japan rice, sc, Medium head rire, 4%c. Head rice, 5%c. Fancy head rice, 6%c. Kerosqgisc oil, 13c. Sait, cotton bags, 50c. Texas R. p oats, 67e Georgia Seed rye, $1,50, The Moral of the whole situation Is—Use Gas THE MONEY MARKET. NEW YORK.—Close Prime mer cantile pa|»«r 4 to 4% percent. Sterling exchange normal with ae tual business In bankera' hills at 484.60(77.484 65 for sixty dav hills arid at 486.06% 4Ss© 10 for demand. Com mercia! bills 484® 1-4. THE AUGUSTA HERALD. | Great Northern 138% 'Amalgamated Copper 79% American Cnd and Foundry.. .. 40% American Locomotive 54 American Cotton Oil 35% Am. Smelting and Refng 94% Am. 3mltng"and Rfng pfd.. .108 Brooklyn Rapid Transit 54% Colorado Fuel and Iron 86% General Eleetric 146% National Lead 84% Pressed Steel Car 34% Sloss Sheffield Steel 63% Sugar 133'% United States Sleel 46% Unlled States Steel pfd 111% Western Union 57 Mackay's 69 Mackay's pfd 68 Va.-Carolina Chemical 28% CHICAGO CASH GRAIN QUOTATIONS SATURDAY CHICAGO, Ills.-Cash quotations were rb follows: Flour was firm, winter patents $4.10a $ 4 .GO; straight, $3.85a54.40; spring patents $5.50a55.75; straits $4.00a55.20; bakers $3.80a54.10. No. 2 spring wheat 98c; No. 3 49ca j $1.05; No. 2 red 88%ca99 14c. No. 2 corn 790a79%c; No. 2 yellow corn 79 3-4caßoc. No. 2 white oats 51c; No. 3 white 48%ca50 1 4c. No. 2 rye 75ca76%c. Good feeding barley 60ca62c; fair to choice malting barley (LtcaOßc. No. 1 northwestern $1.26%. Prime timothy seed 53.40. Short ribs, sides (loose 1 $8.87 %a $9.25. Mesa pork per barrel $ 14.60a514 65. Lard per 100 pounds $9.67%. Short clear sides (boxed) $9.25a $9 50. j Whiskey basis of high wines $1.37. Receipts and Shipment!;. Wheat, receipts 102,600 bushels; shipments 35,500. I Corn, receipts 283,000 bushels, nil I p ' rnents 267,600. I Oats, receipts 304,300 bushels; ship rnents 253,100. i On the produce exchange today the butter market was steady; creameries |18%c»27%c; dairies I7ca2oc. ; Eggs firm; ai mark, cases Included, 15ca17%c; firsts 20c; prime firsts 21c. Cheese steady, 11%eal2r Eicuiraiic AMERICAN COTTON ■ LONDON The British Colton Growing association Is more determ lined than ever to make Great Britain Independent of the American cotton I market and at a meeting of West In dlan cotton growers at Liverpool the other day at which many prominent English manufacturers were present It. was resolved lhat the assorlatlon would spend one million sterlings ari nuslly to encourage the growth of cotton In Africa and British West In dies A resolution was also passed urging th* government to establish on a permanent basis the imperial de partment of agriculture for the West Indies snd to extend th* scope and area of Its work It was further recommended that as the future prosperity of the whole empire Is largely dependent upon the development of cotton and other raw materials and agricultural products It Is essential that .there should be a permanent central department of an imperial baala for the purpose of In vestlgatlon, experiment, instruction and education and for the eo-ordina tton collection and dissemination of Information Hlr Alfred Jones prom Ised the West Indlnn cotton growers that In order to enable them to sue eessfully compete with American co> ton In t.h ( English market he would carry all cotton free from Jamaica SITUATION SHOWS! MANY BRIGHT SIOES NEW YORK. Harris. Wlnthrop * Co., writing on the situation in the financial world, has the following to say: The Investment situation has been enormously safeguarded by the re markable distribution of securities which followed last year's panic dls turhance. The thousands of bona-fide Investors who bought odd lots at the bargain levels of 1907, are not going to vote against the integrity of their investments or In favor of radical or wholly discredited policies. These people have learned much within the past year about the absurdity of at tacking corporations without cause, and about imposing restrictive bur dens which only result in curtailing dividends and increasing the number of receiverships. The rank and file of small loves tors, whose purchases of 5, Id or 50 share lots, offered such effective sup port to last year’s fnlllng markets, making them part owners of the great railroad systems, represent, the most Intelligent, citizens in the country to day. Those men will vote as they think best, and it is fair to assume that their Judgment will be largely Influenced by a desire to safeguard the securities in which they have lodg ed (lie accumulated savings of a life time. The situation In thnt respect is ex tremely hopeful, although too much must, not he taken for granted in reckoning upon a one-sided campaign The contest may develop some wholly unlooked-for complications, and there ran be no doubt that the progress of events needs to he very carefully watched by those Interested in the country's Investment future. LIIIeST COTTON WAS ACTIVE IN SPOT TRADE LIVERPOOL. Spots qnlei Mid dllng 525. Sales 5,000, of which I, too were American, and 200 for spot ulatinn and export.. Receipts 2,000, of which none were American. Fu tures opened steady and closed quiet and steady. Opening. Uioso. Sept 4K4a85 485% Sept.-Oct 469 470% Oct.-Nov 466067 466% NoV.-Ilcc 462% 463% Dee.-Jan 461 461% Jan.-Feb 461a62 461% Feh.-Mar’h 462% 163 Mar April 404n64% 464 Apr.-Mav 465% Mat June 466a66% 166% June-Juiy 466% The Mcral of the whole situation Is—Use Gas. Ml STATEMENT FOR YESTERDAY Wlii In There Was Deereuae In Cash Reserve Deposits Showed Healthy Increase NEW YORK. The statement of clearing house banka for Hie week shows that the hunks hold $59,641.- 950 more than the requirements ol the 2.> per cent reserve rule. Thl" In a decrease of $5,714,025 In the pro portlonate rush reserve us compared with last week. The statement fol lows : Loan* $1,300,731,400 Increase $lO,- 1-35,80(1. Deposits 1,402,611.400, increase 8, 021,100 Circulation 51,725,400, Increase S3B, 200. Legal Tenders $81,218,800, Increase $1,347,500. specie $229.086,500, decrease 5,- 055,500. Reserve 410,305 300, decrease 3,- 708,000. Reserve required 350,660,350, H crease 2.006,025 Surplus 59,619,950, decrease 5,711, 025. Fx IT. S. deposits 61,956,675. de r rease 6,714,175 The percentage of ne'ml res# vs of the clearing house hunks at the eloss of business yesterday was 2k 21 The statement of banks and trust eumpanlc., of Greater New York not member* of the clearing house show* ihat those Institutions have aggregate deposits of $1,046,932,800; lotal cash on h*cd $100,441,600, and time loan* amounting to $910,417,000. DRY OOODB IMPROVING. NKW YORK The dry good* mar ket was qntte for Ihe (Jay, Linena showed a broader demand Burlaps were wea*< r In price and slower m demand Fine and fancy notion* for spring use ghosted Imp-ovt went. The lObhln* market was B’eudy for the dev with a fair i t.sines* reported for prompt delivery Upturn yarn* were In better request at lis prices and h*"e was * little more ,|o|ng in cot. ♦on partis. fre,, for twelve months In the steam era of his company, Messrs. Edlar, Demy a ter 4k Co. FINANCIAL THE NATIONAL BANK OF AUGUSTA 707 BROAD STREET. ORGANIZED 1866. 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 terest mi CERTIFICATES OF DEPOSITS. These certificates will he Issued b„v us 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 or longer. The National Exchange Bank. CAPITAL AND SURPLUS, $540,000.00. Georgia Railroad Bank: Augusta, Georgia. This Bank Solicits tlie banking business of merchants and corporations. Wo pay 4 Per Cent Interest on all deposits placed in our Savings Dept. YOUR ACCOUNT INVITED. Unharmed by Flood and Fire we are offering to our customers the same courteous considera tion that has always marked our dealing". Four per rent Interest four times a year by means of the Coupon Certificate of Deposit, which is Issued In Augusts only by the Merchants Bank Capital and Surplus, $300,000.00 COTTON REGION BULLETIN. Augusta District, Temperature. Max. Min. Rain. Augusta 84 70 .23 Allendale 85 69 .58 Albans 76 65 .76 Bateshurg 81 67 .34 Camak 82 67 .81 Columbia 84 68 .29 Greensboro 80 67 .15 Greenwood 81 63 ,54 Washington 84 68 .48 Waynesboro 83 72 .07 Averages 82 72 .0/ Texas Rainfall. Dublin, .94; Waxaliui hie .06; Whar ton missing. Heavy Rainfall. lnehes. Mobile, Ala 4.78 Monroe, La 1.80 Gainesville, Fla 3.20 District Averages. Temperature. Max. Min. llaln. Atlanta 82 66 .38 I Augusta 82 68 ,40 Charleston 94 70 .03 Galveston 84 70 .14 | Little Rock 90 62 .44 Memphis 90 82 .10 Mobile 90 68 .64 Montgomery 90 70 .20 New Orleans . . ..92 68 .20 Oklahoma 88 64 Savannah 92 75 .36 Vicksburg 82 68 .28 Wilmington ~80 60 .01 Remark*. Showers arc reported in ail dis tricts with heavy to excessive rains along the Central Gulf roast. Day temperatures are somewhat higher In the central and western section* r> fibhkr. Obanrver. COTTON QUOTATIONS RECORDS REDUCE ITS ESTIMATE OF THE CROP NEW YORK The Cotton Quota, tlou Record has reduced Its last *a Ornate of the cotton crop hy 140,000 j baler. arid In doing so has the follow j Ing to say; Our Information leads its to con 1 rltid* (list aeiiial damage from the recent storms In the Atlantic states was restricted to comparatively small area and ilia' elsewhere conditions continued on (be whole reasonably satisfactory. We think there is not sufficient foundation for the report of deterior ation which have been mad" railing i for reduction of estimated yield hy j millions of hales Koch reports arise 1 perhaps from giving too much con sideration to 1 imVtlnns which sr« i pretty well localized All the cotton is not. raised In Georgia, where It has ibeen too dry, nor even In the A'lan ! tic states, where the storm occurred j We reduce our estimated harvested ares from 21,400,1)00 to 31,300,000 acres using U, B Government e»t| mate of acreage planter] n s a basis snd we pine* our estimate of gen eral conditions still at 93 per rent, as we think on the remaining area con ditions warrant an expectation of ap PAGE FIVE FINANCIAL Charleston & Western Carolina Railway Th« following arrivals ar.<2 flapurtuvoa of trnina. Union Ntutlon, August*. ()*.« aa wall ns conoctlong wlfh othar comps* r»!oa. are ulrnply given as Information, and nr® not guaranteed: (Ufftctlvs May 31, 1901.) DEPARTURE#. *BO * m N<» 7, I Lilly for AnJsrson, Seneca, VVulliidin, etc. 10:10 n. ni.—No. 1. T>ully for riroogwoufl. Lauren*. Groenvlll*. Hpnrt anburg. Mender Monvlllo und Asheville. 2:06 p. in. No. 42, 1 *.»liy eacspt Bundnf* for Allendale, Fairfax. Chailestoa, Buvmuisli. Ilcaufort, Port Royal. 7:00 a. m No. 3H. Sunday only, for Al lendale, Charleston, Jteuufori. Port Royal, flavan r .ah 4:40 p. m No. 3. I Hilly for Mreanwood. No. 6 loaves L t een wood at *.60 a. Ui for HpurtanLiurg ARRIVAL®. No. 4. Hally from Ureenwood. 9-38 a. in. No. 41, dally except Hunday, from Charleston. Hu vannab, Heaufort, Port Royal, etc., No. 37. Hunday only, from Heauforl, port Royal, Charleston and Ha vnnnah. 1:80 a in. 12 30 p m. No. 3, dally from Asheville, Hnnrtanuurg. Greenwood, etc., 6 l*> p. m. No 8. dally from Anderson, McCormick, ate., 7 is p. m Trains 41 and 42 and 87 and 88 run solid between Augusta and Charleston Kffectlve Juno 16, 1908. theie will h« Trl-Wuegly Parlor Cur service between Augusta and Asheville, leaving Augusta Tuesdays. Thursdays and JjaMirdays; Asheville Mondays. Wednesday and Fri day*. TratriH Nos. I and 2. KItNKHT WILLIAM!*. General Passenger Agent, No. 107 Jiroadwar. Augusta. (J*. CENTRAL OF CEORCIA RAILWAY. (Currant mneauiftn rorrMtM to r?aia.k (71th Meridian Tima.) DBPAHTURKI. for Savannah and Mumii .... ••TrVOani For Dublin and Havannah ..... *2 46pm For Havannah and Macon 4*....••« 40pm For Havannah and Mai on . ..!!9:4opna For Buvannuh. “Tybaa. Urnltad" ll7.ou*m ARRIVALS. From Savannah and Macon ... ••7:6opm From Havan’Uih and Maoort ...••* unam From Havimnah and Macon .... lift:io*rn From iMihlln and Havannah... .*12.46pm From Havun'h “Tybaa Limited T112.46am •Dolly. ••itfacept Hunday I (Sunday only. Drawing Hoorn Hl««pln| Care hot warn Aii|fii*ta and flrtvvinnan on night trains. Conn acta at Mlllm with ‘hrough aiaep trig rHra to and from Mnutn. Atlanta. Columhua. Itlrmlngham and Chicago, nia. F. F POWJCRM. W W HACK ETT, Cornl. Agt Trav. Paas. Agt. 716 Rroad St. ATLANTIC Coast Lin© KOTF- These arrlvaia and departures •r* gi vrii aa Information, but arrii connect lona ara not guaiantaad. No. 67. f(o. *f> Noth May 1. 1106. Hmjttv 2:7'»pmf/r.. Angnata ...Ar lOOhari 4:o6pm Lv Rurnwall ~..1.v. 7 »5a i 4 20pm I.v . Danmark .. Lv 7:sian 6.00 pm Lv... Orangeburg . .Lv. 7 I6«m 6 t.Opm LV Sumter , Lv. 6 60am 7:66prn Lv. .. Florence ... Lv. 4 40a in l l'am At Richmond .. .Lv. 7;2apin 9.6ourn Ar . Washington .. Lv. 3 46pm 1120 am Ar . HalHrnore . ...Lv. M?pm 1 41 pm Ar,... W Phi la Lv 11 66am 4 16pm Ar i\% w York. *3d Ht LV. t .'Sam I'lT./.MAN PA ft LOB CARS butwMi August* and New York without manga Dining Car Mar vi a, Florence to Nan York. t. D M's T7l .LUM. Commercial Agent. 607 Frond gt. T. ( WlflTß. W J CUAIU. Gen l*ee> 'g'-nf. Pass Iras Mgr, Wilmington. N. C. proxlmatcly 209 25 pound* to th* arrm, nr n total crop ot about 13,650.000 bale*. LARQE BUTTER BALE*. KMHNH, III*.- Rutter ttrm. 2* c»nt» Hal** for th« weak 700,000 pounds. Holiday Monday.