Newspaper Page Text
•i'iLE ATLANTA GEORGIAN AND JNEW».
CONDITION REPORT
IS VERY BULLISH
Improvement During Month
of July Was Very
Slight.
LOWER THAN HOPED
,
Figures At 75 Compares
With 82.9 Last Year;
74.9 Year Before.
New York. Aug. 2.—rrlres at the opening
of the local cotton market this morning
were points higher to 1 point lower, most
0 f the shorts having covered yesterday.
There was an evening-up of long accounts
in preparation for the government report,
whirl) weakened prices 2 to 3 points after
the rail. .
The trade generally expected ft condition
report of about 77; and as these figures had
been discounted, pries changes during thi
morning were within narrow limits.
Immediately preceding the publication of
the report October was quoted at 11.94,
pemnner 12.08, January 12.12 and March
J:\14-practlcnlly unchanged, except for
Msrrh. which was 7 points lower from
Thursday's final figures. Busluess was
Terr light.
At noon the condition was flashed over
the wires at 75, and for nbout a minute
the wires were Idle. This condition had
not been discounted, and It was up to the
nhorts to do something. It took them just
one minute to decide and to act. and on
the scramble to cover by this element, aid
ed by some good buying by the bulls, a
sharp advance was established, Oetobet
12.20, December 12.24, January 12.33, March
12.13.
At the high point, proflt-ti
buyers caused n recession of several points
between 12 and 1 o'clock.
After the spurt of activity after the
publication of the condition report,
the market quieted down and top the
remainder of the session ruled dull,
with a downward tendency, reports of
rains In Texas being the depressing
Influence. The close was barely steady
net 3 to 10 points higher.
Following Is the report on the condi
tion of the crop as of July 25, as com-
pared with previous years
Virginia
N. Carolina..
K. Carolina..
Georgia
Florida
Alabama ....
Mississippi ..
Louisiana ...
Texas
Arkansas ....
Tennessee ...
Missouri ....
Oklahoma ...
1. Territory.
Averages
1906 1906(1904
G6 83 78 190
81 72 79 91
81 74 82 91
85 95
.. _ 83 95
74 185 82 |91
72.0 76.0|82.9|74.9|91.6
73
1903
Comparative receipts nt all U. S. ports
Net receipts Friday 1
Same day Inst year 3,321
Decrease 2,504
Total receipts for tho week 9,202
Same week last year 30,289
I teerenso 21,087
Total receipts since September 1....9.816,791
Same time last year 7,783,960
Increase 2,032,831
Estimated receipts Saturday:
Now Orleans - None 470
Houston 50 to 100 378
Movement nt Atlanta;
Receipts Friday None
day Inst year 87
NEWS AND GOSSIP
of tho Fleecy Staple.
Special to The Georgian.
(From Hayward, Vick & Clark.)
New York. Aug. 2.-J. 8. Bache & Co.:
Liverpool whs due 2 lower on near months-
and unchanged to 1 lower on late months.
Opened quiet 1%-polnt decline ami at 12:15
higher ou uenr and
■hv'i higher on Into mouths. Spots quiet, 2
points higher: middling 7.28; sales 5,000,
American 4,500: cpeculatlve and export 500;
Import? 2.000; American 700.
'I he Liverpool market will be closed to
morrow and Monday-holidays.
Liverpool shows some improvement Tho
day a movement will hung on the figures of
the bureau, due this morning. The board
looks for 77 per cent. The conditions iu
Texas do not rhow Improvement. High
temperatures continue lu the Southwest.
Cotton goods houses report uusurpusalng
business during July. Should prices cum.
off before the bureau, advise purchases or
it scale, for we look for n higher market,
even If the figures are considered bearish.
(X>tton opened nbout unchanged without
feature, lienta sold some October.
Following rtre il a. m. bid*: August 11.49;
September 11.53; October 11.88; January 12.00.
New Orleans. Aug. 2.—Hayward. Vick &
Clark: Mnrket opens about 2 points lower,
and now tome cnsler ou weather selling.
Much depends on official weather fore
casts.
Weather more favorable. Shows gener
ally cloudy light showers In north Texas.
Mississippi, Louisiana, Alabama and the
Atlantic*. Weather i* generally fair ov
south and central Texas.
Owing to a favorable weather forecast
for the western belt, promising showers
for Texas and Arkansas, even a bureau
77 Wbuld cause aellln* This weather
outlook spoils bullish chances considerably,
and now think the market will give wny.
Expect some selling this morning on ft
cloudy weather innn. Personally, look for
ft henrlsh bureau of over 77 for the reason
that tho government made the condition
ho low Inst time. Would surely buy it on
decline.
general expectations this time ns It
Tow expectations Inst time. Rome li
quidation nud lower prices expected this
morning.
NO NEW DEVELOPMENTS
Ity COTTON YARN MARKET.
The New Y'ork Commercial; Nothing new
has developed lu the cotton yaru mnrket
aud business Is quiet. Buyers who have
been using the lack of demand as n bear
nrgument. hoping to force some selling
agents Into granting concessions, have full
ed In their efforts. The market, taken as
a whole, Is In n very firm position, and
with spinners well sold ahead, lu many
cases Into next year, no anxiety Is being
showti by selling agents to secure new bust-
’uesn.
In quite a few cases spinners have refused
to accept any further business at the pres
ent time as they have nil they can handle
on their books for some time to come.
Since the present week opened some Inqui
ries have been coming to hand and theso
would seem to show that, In spite of the
heavy buying early In July, some manu
facturers are not yet fully covered on
yarns.
Where sales have been put through within
tho past few days , full prices have been
secured, especially on anything like spot
deliveries. Southern two-ply chain warps
have oecn taken In 20s nt 26%o, while It Is
claimed that one large order was put
through nt 26c fiat for deliveries running
up to The end of the rear. In single skeins
Southern yarns 20s have also been taken
nt 23%c and 1C* nt 22%c. In two-nly skeins
16n. 20s and 24s have been called for and
orders have been put through for inoder-
r iorted ns having been put through on 12s.
6s and 20s. lu frame Feeler cones 20a
have brought 25%c, while one order Is re
ported to have been put through for early
delivery at 26c. Selling agents are not wor
rying over any decline In price and Appear
Edited by
Joseph B. Lively
Mr. Lively's twenty-firs
years' experience of ed
iting markets la Atlanta
and the South has mads
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Decrease
Shipments Friday
Smne day Inst yenr
Increase
Stock on hand Friday
Snnte day Inst year,...
2,721
1,345
1,376
Print Cloths Are Wanted.
All classes of bnyers are showing nil
eagerness to get print cloths for forward
delivery. Most of the large print doth
mills nro sold ahead Into next yenr and
are only able to 'take filllng-ln orders.
** row good* command top figures for fie
ry In November and December. At 5c
. ers nro willing to tnke 28-Inch 64 by
60s ns far ahead ns mills will sell. Ou
contract agents are getting 7c for wide
standard* for delivery through to January.
Tho high count wide goods are selling ahead
freely at top prices.
Aiual. Copper
Am. Ica Securities. .. .
Am. Sugar Refinery. / .
American Smelting... .
American Car F. . . .
American Cotton Oil..
Anaconda
Atchison
do. preferred. . ..
jlcsgo Sc Alton. . . .
Consolidated Gas. . •
Central Leather. . . .
do. preferred. . . .
Colorado Fuel & Iron.
Corn 1'rodace
Colorado Southern. .«.
Delaware & Hudson..
Deliver Sc Illo Grande.
Distillers' Securities. .
Erie
do. preferred. . ..
General Qlectrlc. . . .
Illinois Central.
Znterboro
do. preferred.
Kansas Sc Texas.
13651
111%
NAME OF STOCK.
huusu* & Texas pfd. .
Louisville & Nashville.
Missouri Pucittc . * .
Mexican Ceutral . . .
New York Ceutral . . ,
Northwestern
National Lead
Norfolk aud Western . ,
Northern Pacific . • . ,
Outariou & West
Pennsylvania
Pacific Mall
People's Gas Co. ... ,
Pressed Steel Car. . . ,
Heading
Hock Island .......
do. preferred . • . ,
Hepub. Irou & Steel . .
do. pref . .
Southern Pacific
Southern Hallway. . . .
do. preferred . . . .
St. Paul
Tenn. Coal and Iron . .
Texas Pacific
Union Pacific
U. 8. Rubber
do preferred . • . .
U. 8. Steel
do preferred
Western Union
Wabash
do preferred
55
&3
ri
0
e>
83
O
5
q
33
«?*
87N
112
112
74%
7tt4
7414
iii%
ins
iil~
iiii4
74"
7«H
74*'
74%
131%
13214
131%
13214
12214
122X
122"
12214
9J"
»>5
00~
MW
102H
103%
102%
nSii
21%
211*
21
47%
«*4
4-C
89%
siii
89%
89%
19%
mt
isti
18%
132%
133“
131?,
133~
143“
144'*
142%
143%
3414
34%
3444
34\
35%
36"
35%
100%
ioog
100%
100%
TIPS FLASHED
From Wall Street
Special to The Georgian.
(From Hayward, Vick &.Clark.)
New Y'ork, Ant. 2.—J. S. Bache Sc Co.:
London mnrket *hows a traders' rally from
the low points of yesterday. The sharp ad
vance near the close yesterday was due to
covering and buying of foreign arbitrage
bouses who looked for advances In London
this morning. These advances are hot ma
terial and no doubt these stocks Will be for
INT
dug.
this
Total stock sales 297.300 shares.
NEW YORK.
The following is the range in cotton fu
ture* in New Y*ork today:
Aug.. . .
Sept., .j.
Oct. . .*.
Nov./ . .
Dec.. . .
Jan.. . .
Feb.. . .
March. .
May.
* 5
11.71111.62
11.74 11.52
Closed barely steady.
M I II
11.61(11.56-58112.53 ■
11.66 11.66-68(11.59-60
1106 12.03-04 11.93-91
12.05-07 11.95-97
12.12 12.12,13 12.03
1122 12.21-22 1112
12.25 12.24-26 12.15-17
12.34 1131-32 12.21-2.’
12.40(12.41-42 12.30-31
LIVERPOOL.
Following Is the opening range, 2 p. m.
aud close, compared with yesterday:
Futures opened steady.
Opening Prerloai
linage. 2 p. m. Close. Close.
August 6.90 -6.89% 6.90 c.88 G.S9
Aug.-Sept... 6.78H-6.77Vi 6.78% 6.76% 6.77
Sept.-Oct.... 6.64V4-6.65 6.64% 662 6.61
Oct.-Nor.... 6.58 -6.69% 6.59 6.50% 6.58%
Nov.-Dee.... 6.66% 6.56 6.53% 6.55Vi
Dee.-Jan.... 6.64% 6.54V4 6.52% 6.54*4
Jan.-Feb.... 6.63 -6.64% 6.54 6.51V* 6-53%
Feb.-Mar 6.51
Mar.-April... 6.55V4-6.56 6.56 6 53
Aprll-Mny... 6.55% 6.w>% 6.54
Mtiv-June... 6.67 -6.57% 6.57 6.55
Closed quiet.
6.55
6.56
6.57
NEW ORLEANS.
d
l
C
i
i
24
is
1
0
il
Aug (12.75112.75112.75
j 2 “5
2.65 113.56-60
Oct.
Nov.. .
Dec.. .
Jan.. .
Feb.. .
March.
12.50 12.18112.36
12.36!12.57|12.30|12.48
12.35-36 12.24-25
12.31-33 12.20 22
12.30-3l|l2.19-20
12.37-38112.19-29
12.41-43 12.30-32
12.48-49| 12.36-37
NOTES ON GRAIN.
Pointers nn Provision*.
Chicago Record-Herald: Speculators nro
counting on a sharp decline In the north
western markets providing there are no fur
ther black rust or frost scares soon. The
big discounts at which Ipard winter wheat Is
Helling at Minneapolis—8%c below the price
of No. 1 northern—are expected to under
mine that mnrket. ns there Is 110 such dif
ference In the milling valtm of the wheat.
The big millers of the northwest, however,
have for a long time used the price of No.
1 northern flour. In times wheu No. 1
northern is plentiful it Is hard to find any
wheat of thnt grade that rs good enough to
’bile No.'2 ban! winter sold nt 6c under
SPOT COTTON MARKET.
Liverpool, steady; middling uplands 7.28.
Atlanta, steady; middling 12%.
New Y’ork, steady; middling 13.25.
New Orleans, steady; middling 12%.
Augusta, quiet; middling 13V*.
Savannah, firm; middling 12%.
.. ft
ng 131-
1 nnriesion, inmuimi; middling jot*.
Wilmington, nominal: ralddllug 13V*.
Norfolk, quiet; middling 13V*.
St. Louis, quiet; middling 13%.
Baltimore, nominal; middling 13V*.
Boston, quiet; middling 13.25.
Philadelphia, quiet; middling 13.66.
Mobile, steady; middling 12V*.
Houston, quiet; middling 13c.
Cincinnati, noinlnnl.
TODAY'S FORT RKCEIPT8.
The following table shows receipts at ths
ports today, compared with the same day
last year:
New Orleans.
Galveston. . .
Mobile
Savannah. . .
Charleston, .
Norfolk. . . .
Baltimore. . ,
THE 8UQAR MARKET.
New Y'ork. Aug. 2.—Local refined and
raw sugar markets sternly and unchnnged.
Ixmdon beets firmer; August nud September
up %U nt 9s 9%d for August and 9s 10V*d
for Jsoptemlier.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGOS-Actlve. 17%@18c.
LIVE roULTUY-IIens, active. 35C87V*c;
chickens <frf»sL !2%027%c. Ducks, Pskln,
80c ssch: puddle, 25c each. Turkeys, active,
• per pound.
IESSED POULTRY—'Turkeys, drawn,
active, 18 cents pound; fries, active. 22%c
pound; hens. 15c per pound; ducks, drawn.
Brunswick. . .
Various
Newport News.
HAYWARD. VICK & CLARK'S
DAILY COTTON LETTER
New Orleans, Aug. 2.-An unexpected turn
In the weather over night altered the
chances for scalpers. The map shows gen
erally cloudy weather, except south Texas
nud the Carolina*, and some showers oe-
"irrod In north and west Texas, the cen
tral and eastern states. Official foreensts
premise showers lu the entire western belt.
" bile there are no configurations on the
tnnp to Insure good rains, the moral effect
of the promise of showers Is sufficient to
require an outright bullish bureau to off-
|*“t It. This change In weather prospects
hi>* 'hanged the intention of scalpers to
felling oh a rise. Our market opened
about 2 lower, aud on weather selling lt_ de-
-Lard, 12c pound: bams ac
tive 16c pound: shoulders active 1061 If
pound; fide* active, 11c pound; batter dull;
lO012%c pound; beeswax active, 26c pound;
honey, bright, active, 10c pound; honey In
1-pound blocks active, 12V*C pound.
FRUITS—Lemons, fnucy Messena, $6: ba-
nnnns. 3V*: pineapples, Florida stock,
83fiS.50; limes, Florida stock, per hundred.
$1; peanuts In sack* averaging 100 pounds
each, owing to grade, per pound, 6%08c;
cantaloupes, slow sole, 75c crate; watermeV
ons, l(w 16c ench; Georgia peaches, $1,000
1.60 crate; rhubarb, 75c each.
VEGETABLES—Potntnes. new, $2.7503.00
ncr barrel; per bushel, $1.10. Onions, Geor
gia. $1.50 per bushel: Hpnnlsb, $1.60 crate;
kraut, half barrel, $3,76.
GROCERIES.
RICE—Jap Se*V*c; head ittci ftoey held
(V*07. according to the grads.
CHEESE—Fancy full cream, 17 cents;
Georgia cine syrup 37 cents gallon; salt
100-pound. 60c: axle grease $1.76; sods crtck>
era «V*c pound; lemon, 7c: oyster. 7c; bar-
rsl candy, per pound, «%c: mixed, pet
pound. 6v*e; tomatoes. 2-pound, $2.00 csss;
t-nound, $2.®: nsvy beans, $3.40: LIm* beans
fe; best matches, per gross. fl.«; macaroni,
!V467c pound: sardines, mustard, 83.26 csss.
SUGAR—Sttndord granulated, 6V4; New
ray, I wouldl)e Very bearish on wheat for
tho Immediate future," sald.C. E. Lewis,
of Minneapolis, who was ou the floor on
Wednesday. “The crop Is so backward,
however, that fully two-thirds of it might
easily be caught by front any night. If the
weather should change the black rust might
nlso become a live fnctor."
"it will be doubtful If North Pnkotn,
leaving out Casa county, will average six
bushels per acre," writes A. II. Smith, of
the Minnesota Grain Company of Duluth, to
Gnrdner-Paddicford. "In Cass county the
yield will probably go ten to twelve bushels
per acre, but the balance of the state Is
spotted and uneven. Tho mncnronl wheat
looks hut little better than the sprlug
wheat."
Crop Expert Goodman wired Clement-Cur-
tls from Brookings, H. D.: "Never saw
worse wheat from Aberdeen to Condo.
Plant did not recover from June drought.
About half crop nt host. Too dry for black
rust. From Condo to short distance of
Groton wheat short, ragged, poor condition.
Fifty per rent ou account of early drought,
lied rust; no trace of black at either place."
"With the best of weather the northwest
will not raise ns much wheat as during the
black rust year, and Cnunda will also lie
short," says W. 8. Crosby. "The crop In
Europe Is easily 250,000,00 bushels short of
last rear.”
Winnipeg message to Finley narrell rendn
as follows: "ftntnple* of wheat received
here show unmistakable signs of black rust.
They are from Saskatchewan." LeCouiit
wired from Wesslngton, 8. link.: "Half of
the fields seen are infected with the genuine
black rust, but uo noticeable rinmnge as
yet. Believe the situation not serious. The
infection appears local. Weather hot and
WHEAT WAS LEADER
OF CEREALS FRIDAY
Firm Cables and Lower
Temperatures in the
Northwest Factors.
3T. LOUIS CA8H QUOTATIONS.
<1 winter 89 089%
...47*
Wheat—No. 2 rod winter
Corn—No. 2
Outs—No. 2
whether the foreensts of rains In Texas ma
tcrfnllzc or not. Should showers be only
light mid for u day or so, then tb
will go higher. With good rains
pects for several days of showers, more
liquidation Is probable.
New Y'ork, Aug. 2.—J. 8. Bache Sc Co.:
, . lu __ r * ini immin _ .. .The bureau report held the attention of
lined to around 12.20 for October. Therm speculators to the exclusion of nil other
no further change of consequence lir matters. The figures took the street by
" - - surprise, and then occurred the lively
scramble of the shorts to cover. The local
market opened steady with new crop
** "— filing ap-
•r. Heat-
- ths P«rt
of traders who feared the effects of the
report. Weather roiidltlonsjv *
. further change of consequence
Jhe market up to the publication of me
bureau report nt 11 n. ni. This gave the
condition of the crop on July 25 as 75.
"nloh was about 2 points below general
expectations. First trades were nt about
3,1 Mots advance, but, owing to forecast for
Mins for Texas, there wns not the sup
port which there would have been with
“ ufy weather map. Considerable long II-
Ouldatlon followed the advance and Octo-
fell hack to 12.38. This report undoubt-
f*If, Brings again lieforc the work! the
mulish prospects In cotton on the basis of
the supply outlook. This condition of 75 Is
within one-tenth of u point of the lowest
" n record and 4.7 lower than In the small
•rep year of 1903. The ten-year average Is
,* * Trading settled around 12.40 for Octo-
'^r. As far as the Immediate future In
neerned, nearly everything depends on
penred which forced price*
tered liquidation whs evident
and rumors of showers In Texas nnd p
pects of lower temperatures over Hun
were factors III the decline. The b
exploded by the bullish bureau figures set
the market up in the air after sharp ad-
vh4ices of October to 12.22, September 11.77,
January 12.36 nnd March 11.42. Liquidation
of long cotton brought n set back, but the
firm tone continues. We look for higher
nrlces. for we firmly believe conditions war
rant higher levels; advise strongly buying
on all dip*.
HAYWARD, VICK & CLARK,
COTTON, 8TOCK8, BOND8, COFFEE, GRAIN AND PROVISIONS.
• Carondelet and Gravier 8ti., New Orleam.
MEMBERS:
SttNSffir SZ&SS: XSUMK. fiJSSSf c.tton A*»
lKw York and Chic no (•orcpon,l. , .t.:
J. 8. BACHE S. CO., AND BARTLETT, FRAZIER A CARRINGTON,
PRIVATE WIRES TO ALL POINT8.
Minn., reported thnt no Idnrk rust wns
found on wheat, but thnt It wns doing a
groat deni of dnninge to oats.
F. L. Harris, of Edmonton, Alberta, nnd
brother of J. II. Harris, of Chicago, wired
that conditions were perfect lu Alberta nnd
that the present promise was for a bumper
crop of wheat.
Chicago, Aug. 2.—Wheat firm, clos
ing l-4@l-2c up. Corn was strong,
gaining l-2®3-4c. Oats were firm l-4c
higher. Provisions were unchanged.
Tradeit? were Influenced by lower
temperatures In the northwest, tho
private advices claiming the mercury
was down to 34 at Willlston, N. Dak.
The forecast wag for warmer weather,
however, and with rust news decreased
and eastern receipts Increasing, profit
taking was general, at times causing
•harp reactions.
CHICAGO GRAIN MARKET,
Chicago grain nud provision quotations
for today are ns follows, compared “
yesterday's close:
Previous
Open. High. Low. Close. Close.
WEATHER REPORT.
WEATHER CONDITIONS. •
ttfllEAT
Sept.... 92%
Dec.... 96%
May.... 101%
CORN-
Sept.... 54%
Dee.... 51%
May.... 62%
OATS-
Sept.... 40%
Dec.... 41
May.... 43%
PORK—
Sept.. 16.35
LARD—
Sept... 9.15
Oct... 9.20
KIB8-
Sept... 8.62%
Oct... 8.69
92%
96%
101%
54%
n
92W
:.Fh
41%
42
44%
43%
16.35
41%
42
44%
16.45
92
96
100%
51%
8
MINING 8T0CK8.
MODERN MILLER CROP OUTLOOK.
8t. Louis, Aug. 2.—The movement of win
ter wheat, tho threshing of which was de
layed by rains, is Increasing. Hard
ter wheat deliveries are lllternl. Farmers
are more Inclined to hold than sell, nnd
many are stacking or storing their grain.
Ixite threshing returns reveal more disap
pointing yields than heretofore reported.
This Is chiefly confined to tbs soft winter
states.
York rfflncl, 4.90; nlnnlntlon, Sj.
COFFEE—Roc.tM Arburki., 114; balk la
ban .ad hnrr.1. 1>; fwn 110Ue.
Rhredilwl biscuit «S c*»: No. * roIlM oat.
U-5 «•«: Mck *rlt§, 9.-ponad h«c«, 41.H;
orator., tul: »»!*bit 44 «*: llfbt w.ltf{
II10 <*•*! p-ppor, iso lb.: Imklnjr nowd.r jl
mm: red Minion. 44 ewe: pink .filmnn, 11.75
mm* cocoa, 4Tc; chocolate, 44; snuff, 1-lb.
tar. 44c; rest beef. 47.40 case, corned beef,
12.01 cau: c.t.op, 41.00 «ee; .Irup, New Or
leans 40c gallon; corn. 40c (.lion; Cuba
£>ti.b.
j.pl, cotton, lie; coop, I1.MQ4 cc
PROVISIONS.
FLOUR AND GRAIN.
FLOUR—IHkb-it patent. 4.00; i«t pat-
»„t IS 74; .tandard patent 44.78; half pat
ent' M.4S7 eprlng wheat patent, 44.0O.
CORN-No 2 white. 74c: choice while. Mo.-
white feed. 78c; No. 2 fellow 71c; mixed.
77e‘ crocked corn per linahel, 78c.
CHICKEN FEE1J—FIfty-hoond aacke, 86c;
Panla chick f«^J, *2-00; Victor teed, 4L4I,
' oaTS^-No- 2 white. 00c: No. 7 mixed. 58<-
Golden oate. 60<-: while clipped. Ole; fane;
white clipped. 07c.
IfBAIc-Pleln, per M-poimd aacke. 77c; 48-
pmind aacke, 71c; plain, 21-pound eack,, loc;
C 'haV—Tlmolhy. choice tern baler 4L40;
do. choice «mall balee, 81.55; No. t one-
third balee. 81.*: No. 4. one-thlrd he lex
11 26; choice nrnlrle, 41.00; Bermuda, OLIO,
A1IORTS—Choice white. 41.60; fanejr. 1.60;
brown 180 to 100 ponndai. 41.46; bran, 4J..T,.
COTTON HEED MEAL—Prime per toa
426.60; No. 2 per toa, 424.00; hall, par tea,
FISH.
FISH—Bratm 7c pound; snapper Ite
pound; front Ic pound; bins fish 7c pouD«1:
pompano. 20c pound; mackerel, 12%c pound;
soda commercial -u. nimiimm loy*, um i'«-
mlnlou 40%, Daly Western 166, Fruit 111,
Victoria 6.
THE LIVE STOCK MARKET.
Jhlcago, Aug. 2.—Hogs— Receipts 16.000.
Market strong nt yesterday's close; light
hogs $6.06<&6.5y; mixed $6^6.42%; heavy $6.50
416.30; rough $5.3065.86; pigs $5.7660.30:
yorkers $6.4066.45; good Choice heavy $6.20
Q6.30.
'nti
lot-eves M.WUl.d'fi cun* fi.TNiv, lit-11 tin
fifi.40; calves $6®7.40; goml prime steers $6.
©7.50; piHir to medium $4.50^/5.75; stockerv
nnd feeilers $2.60^4.90.
Hheeti— Receipts 6.000. Market steady: na
tives $3.50<g6.75; western $3.50^6.75; yearlings
$6^6 66; lambs $5.50®7.I0; western 6.6907.60.
LIVERPOOL GRAIN MARKET.
Whent opened steady unchanged uml at
1:30 p. in. %@% up. Closed easy %©% up.
Corn opened % off ond at 1:30 p. m. % up.
Closeil firm % up.
;
NAVAL STORES.
Special to The Georgian.
8nvnnnab, Aug. 2.—'Tumentlne firm ol
66%; sale*. 464; receipts. KB.
ltosln firm; sales, 2.662; receipts, 2.290.
window glass. $6.95'U6.06; water-white, $6.86
$6.00; M. $5.70$6.85: N. $5.50; K. $8.25$5.35
I. $5.00; II, $4.8904.85; G, |4.70$4.75; F, $4.73
$4.4604.70; D, $4.1504.25; C It A, $3.9004.05.
THE METAL MARKET.
New Y'ork. Aug. 2.—Tin* metal markets
allowed further weakness, espeelnliy In
Copper, which further was reduced %c all
around In both bid nnd naked prices.
Tin was down n small fraction for near
by deliveries. Other commodities were
heavy, but unchanged.
CHICAGO CAR LOTS.
Ths receipts of grata In car lots today
nod estimated receipts for tomorrow are %t
follows: m
Today. Tomer.
Wheat D7 189
Corn 161 167
Oats 69 71
Hogs, head !6*W 12000
The characteristic features of the map
of yesterday nnd today are very similar.
The northwestern area of high pressure ha*
Increased In energy with Its center over
North Dnkotn, while the low area lu the
lake region has moved a little east, being
central today iu western New York. Over
the southern half of the map the pressure
has changed but little except on the At
lantic const, where it has increased 0.10
Inch.
Cloudiness prevails In the upper lake re
gion nnd the northeast, nnd rain was fall
ing this morning nt Oswego, N. Y\, nnd
Charleston, 8. C„ and Savanah, Ga.
Showers have occurred nt a number of
stations over the northern half of tho map
and In the eastern half of the cotton belt.
Tho temperature lias‘fallen In the Mis
souri nud upper Mississippi valleys,
COTTON REGION BULLETIN.
side on all reaction*, shows some Indica
tions of changing. A sensational decline lu
Copper In London Is reported this niorulii
Fears have been long entertained
would occur.
While the outlook Is not -clear, we favor
a conservative policy, only buying on big
breaks.
Town Topics: The character of the buy
ing In Union Racine nud Southern Rnclfic
Indicates quite clearly to our minds that the
bottom of this recession has been reached
and thnt theso stocks should be bought on
soft spots now and held for handsome
profits, the margin for Improvement In
Union Pacific being enpeclnfly attractive.
Insiders are known to be decidedly bullish
on this lending Issue, nud ns the Increased
dividend on Southern Pacific means uu ad
dition of $900,000 per year to Union's In
come account and earnings are rolling up nt
a fadter rate even than during the fiscal
year Just ended. Their faith has substan
tial foundation, and, backed with expert
manipulation, we doubt not thnt a rise of
20 points will lw enjoyed by those fortunate
enough to buy and hold this stock for a
couple of nioidb*.
Popper metnr prices will doubtless be
again reduced, but Amalgamated looks good
enough to huy for Investment nt theso* fig
ures. We favor the leading active rails
more strongly, however, and on soft spots
would buy the Hurrliuau stocks, ttie Illll
Issues. 8t. Paul, Atchison. Northwestern.
Rending. Baltimore and Ohio, Louisville and
NashrHie. Atlantic Coast Lino and Missouri,
Kansus and Texas.
We
chases with safety.
New Y'ork Financial Bureau: Great North
ern preferred seems to us one of the best
all-round purchases, support being men
tioned toward 130, but the quality of the
property makesjt desirable nt these prices.
Northern Pacific will not meet strong sup
port until near 126. Home better buying Is
noted In Union Pacific around 141, but the
real support next Is 140 ami then 136. but
we doubt the reaching of the Inst figure.
Honthern Pacific seems to be held against
attacks, but the support has been reduced
slowly toward 88. according to specialists,
but the stock should be iNiught, iin It Is
surely worth the money on the Increased
dividend. Ht. Paul should be bought toward
130 with a stop order. Amalgamated may
THE COFFEE MARKET.
New Y’ork. Aug. 2.—‘Coffee cables:
Havre, nt 10 a. m., market barely steady;
2 noon tine**-**—•**■ —■*— ,n ,W1
Hamburg ...
pfennig: sales 18.000,
IMo receipts 8,000; market steady.
Santo* receipts 32,000; stock 1,299,000; mar
ket firm.
8no Paulo receipts 22.900.
.lundlnhv receipts 24,000.
The following figures give ths opening
range and close in the New York coffee
market for today:
Opening
Range.
.Tnnuarv ..
February ..
March .. ..
April .. .,
May
June ....
July
August .. ..
Hoptcinber
..6.00-6.10
..0.00-6.15
..6.06-6.10
..6.05-6.10
..6.10 6.20
..6.10-6.20
U.20
Opened With Prices a Frac
tion Above New York •
Parity.
NEW YORK WAS DULL
Majority of Issues Showed
Gains At the Session’s
Opening.
York, Aug. 2.—This morning's deal
ings on the stock exchnuge Imre out last
bight's Indications that the market wns
oversold for the time being. Prices started
off higher, beginning with an advance Id
the American department In London, and
while some Irregularity appeared In the
final hour, yesterday's low quotations were
Tulu approached. Thet radlng grew
uU nt the high level, nnd the con
clusion from this was that, apart from
the short Interests which had over-extend
ed Itself somewhat on the previous days,
there was little disposition to buy. South
ern Pacific and Union Pacific were, ns usual,
the leaders, and 8t. Paul, Northern Pacific,
Great Northern and Rending nlso made a
very fair reciAery. It was quite noteworthy
that the railroad list wns stronger all
through than the Industrial, reflecting the
prevailing view that the Industrial stocks
were likely to suffer relatively more than
the railroads from a trade reaction. Ths
most favorable Incident of the day was a
further easing of call money rates, renew-
Is being made at 2% per cent, against 3%
opened at gains of
Union Pacific nud S'meltlng, % In Steel i
nion. Rock Island. Southern Pacific and An
aconda. aud % In Chesapeake nnd Ohio.
Amalgamated opened % higher nnd reacted
%. St. Paul scored uu ndilitlonnl rise of %
nud Steel common gulued % net.
GEORGIA RAILWAY
AND ELECTRIC CO.
Roston. Atig. 3.—Following was the bid
uml asked price ou Georgia Railway and
Kleetrlo Company today: Rid 83; asked 65.
Preferred, none.
5.80-5.90
5.90-6.00
October 5.96-6.00
ember 5.96-6.06
December .. ..• 6.06
Closed steady. Sales 74,000 bags.
Close
6.06-6.10
6.06-6.10
6.10- 6.15 I
6.10- 0.45
6.15-6.20
0. l.vot
6.20-6.25
5.96-6.00
5.96-6.00
6.95-6,06
6.00-6.06
6.06 6.10
MONEY AND EXCHANGE.
New' York, Aug. 2.—Money on call
1.2(@>2 3-4; time loans firm; sixty
days 4 3-405; ninety days 5 1-405 1-2;
six months 6 per cent.
Posted rates; Sterling exchange
$4.8404.87 1-2. with actual business In
bankers' hills at $4.8680<d>4.8685 for de-
jnand and at $4.833504.8340 for 60-day
bills.
Prime mercantile paper 6 per cent.
London bar silver 32 l-8d. New
York' bar silver 69 3-4c.
Mexican dollars 54 l-8c.
THE LONDON 8TOCK MARKET.
Atlanta, p. cloudy. . .
•Chattanooga, p. el’dy
Columbus, clear. .. .
Gainesville, cloudy.
Greenville, dear. . .
Griffin, clour. . . .
•Macon, clear. . . .
Montlcello, cloudy. ,
Newnun, clear. . . .
Rome, clear
••Spartanburg. . . .
Tallapoosa, rnln. . .
Toceoa. clear
West Point, clear,
Minimum temperatures are for 12-hour
il
COTTON SEED OIL MARKET.
Following Is given the opening sod closing
Of the New Y'ork cotton seed oil market:
‘ Opening. Closing.
August .. ....
September .. .. ..
Octutof*, v , f ..
November
December
January
Closed steady.
Atlanta. . .
Augusta. . .
Charleston. ,
Galveston. .
Little Hock.
Memphis. . .
Mobile. . . .
Montgomery.
DISTRICT AVERAGES.
M
*J
New Orleaus..
Oklahoma. . .
Savannah. . .
Vicksburg. . .
Wilmington, ,
T Indicates Ina/qireclabi* rslufill. 'Far
ysaterday. ••For 24 hours ending I a. m,.
75th meridian time.
Remarks.
The temperature Is somewhat lower In the
western part nnd on the east coast, and
higher In the central part. The rainfall has
been light aud scattered.
J. B. MARBURT.
Section Dlrsctsr.
WEATHER FORECA8T. '
Washington, Aug. 2.—Weather conditions
and general forecast:
Showers have fallen quite generally dur
ing the last 24 hours In the lake region and
the middle Rocky Mountain region. In
other localities generally fair weather Ims
Mississippi valley and the upper lake re-
glon: elsewhere nearly normnl temperatures
prevailed.
During the next thlrty-aix hours the
weather In the Washington forecast district
will be mostly fair with but little change
In temperature. Scnttered showers are prob
able In the lower lake region and possibly
lu the east gulf states.
Forecast until 8 p. in. Saturday:
TALENT FEARS MANY THING8?
SHORT ARE APPREHENSIVE.
New Orleans, Aug. 2.—The Tlmes-Demo-
ernt: "Professional tension on the eve of
private crop reports are a unit In asserting
thnt the month's Improvement lias been
unimportant, but some operators fancy they
eee evidence of the master mind In nn ef
fort to educate the rank nnd file to expect
an unreasonably low percentage. Be this
It may. It la well within the possible
mitigation of current Inforinntu
today's figure prove bullish and nn nonr oe
lost In giving the fact to the Interior cot
ton belt, shorts would be given Just thnt
much time In which to reef their sails
before trouble comes."—Hayward, Vick Sc
Clark.
urday; light variable winds.
Tennessee nnd Kentucky-—Partly
cloudy tonight and Saturday; cooler
tonight In weatern portions.
Louisiana—Showers In northern;
fair In south portion tonight. Satur
day showers; light .to fresh northerly
winds on the coast.
Eastern Texas—Showers In north
ern; fair In southern portion tonight
and Saturday; light to fresh variable
winds on the coast.
Western Texas—Showers, except fair
In southeast portion, tonight and Sat
urday.
Oklahoma, Indian Territory and Ar
kansas— Showers tonight and Satur
day.
STOCKS—
Anaconda .. .. .. .. ..
Atchison .. ..
do, preferred
Amalgamated Copper .. .
Baltimore nnd Ohio ..
UhcHApeitke nnd Ohio ....
Chicago nnd Great Western..
Caimdlan PscHto
Eric
dp. preferred
Illlnol* Central
LoiiImvIIIo aud Nashville
Kalian* nnd Texas .. ..
do. preferred
Now Y’ork Central .. ..
Peiinavlvnuln .. .. .. ..
Ontario nnd Western ..
Norfolk nnd Western
PbJJfliJ
Rock
Southern Pacific
Southern Railway ..
do, preferred ..
St. Pnuj
Union Pacific
United States Steel ,
do. preferred ..
Wfthaidi
THE GEORGIAN AND NEW8
will be »«nt to anybody anywhere for
■ny length of time by notifying the cir
culation department Phone 4928,
Standard 4401, 45 centa per month, 10
centa per week.
4%
UNION
4%
SAVINGS BANK
Could Building
CAPITAL STOOK . . . *100.000.00
—— RESOURCES . 0 ,
4 10 S2EO.OOO.OO 4 10
COTTON MILL BONDS
afford aafety of principal, with
very liberal Income. Write for
our apeclal offorlnga.
HILLYER INVESTMENT CO.,
Bond Oep't. English-American Bldg.
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New Tork City.
F. W. LAFRENTZ, C. P. A., President
C. E. Mamixrlng, Vice Preildent, Thee. Cocheu, Jr., C. P. A, Src. and Treat,
BRANCHES
ATLANTA—Fourth Natl Bank Bldg.
CHICAGO—Marquetta Building.
BHJLADELr IA—Bellevue-Stratfor*.
SAN F7.ANCISCO—Belien Building:
port Iona;
fresh westerly winds.
North Unrollim nnd South Carolina—Pnrtiv
cloudy tonight nnd Saturday; light to frc*h
tonight n
southerly winds.
Georgfn--F«lr tonight; scattered showers
nnd thunder storms Saturday; light variable
wind*.
Eastern Florida—Fair toulght nnd Sunday,
.laht variable wind*.
Western Florida, Alabama and Ml**l*slnpl
■Scattered showers late tonight or on Bat-
pomps no. 20c pound; mackerel, iz%e pounu; rovsis wires to
fish, 6c povnd; fresh water trout, be. 07 on shove Exchanges.
L. H- Fairchild. Establish sd 1885. S. J. Whit*
L. H. FAIRCHILD & COMPANY,
NEW ORLEAN8.
Member.:
Stv Orleans Cotton Exchaoge. New Tork Coffee Etcbanie.
S et. York Cotton Eirhange, New Orlntn. Hoard of Trade,
ew Orleans Stock Kxrb.nt,. Cblmgn Rnnrd nf Trade.
LIVERPOOL COTTON ASSOCIATION.
Frlr.te Wire to NF.W YORK and CUICAOO. Order. Mlldted _for__fotnrr dellr.
NEW TORK—Waldorf-Aatorik.
BOSTON—Exchange Building.
WASHINGTON—Colorado Building.
NEW ORLEANS—Hennen Building.
BALTIMORE—Fidelity Building.
LONDON, ENGLAND—4 King Street. Chenp.ld.,
ytr-ANTA BRANCH 1015-18 Fourth National Bank Building.
C. B. BIDWELL. Resident Manager. U
Telephone. Main 872. Cabla Addraaa. Amdlt, N. V.
it. C. COTHRAN.
job!
FRANK IIAWKINB, I'rmlilent.
.... ATKINSON. VIce-lTtfltdent. THOMAS C. CBWIN. Cashier.
KPH A. M'CORp. Vice-PreiddeiL R. W. 1IYERS. Assistant Cssblsr.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALHOUN.
MILTON DA HO AN.
JOHN W. GRANT.
II. V. M’CORD.
S HANK HAWKINS.
. M. ATKINSON.
JOSEPH A. M'CORD.