Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
SATURDAY, AUGUST 10, 1007.
15
PflE$SED_FOR SALE
The New Crop Positions
Continued Firm in
Early Trading.
POOR CABLES IGNORED
Weather in Texas Showed
No Change—Trading
Was Dull.
Spit York. Aug. 10.—The cotton mnrket
ns quiet, 1 point lower to 5 point, higher.
Here wu eom» premure on the near
month*, hot the late position, continue,!
Urn. Ignoring poor cable,, a, the weather
In Tern* ahowetl no change.
Business during tho abort session was
comparatively dull, with price change, cou-
Jncl within narrow limit,, the cloae be-
Monday. It I, predicted It will ,how about
• point, deterioration.
SPOT COTTON MARKET.
New York, steady;
New Orleans. Ann; middling lift,
Augtietn.l,quiet; middling 1314.
Savannah, Arm: middling i2%.
Memphis. Arm; middling 13%.
Galveston, arm; middling 13%.
Charleston, nominal: middling 1314.
Wilmington, nominal; middling 1314.
Norfolk, atendy; middling 1314.
St. Louis, quiet; middling 1314.
Baltimore, uonitual; middling 13%.
Boston, steady; middling 13.40.
Philadelphia, quiet; middling 13.65.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
(From Hayward, Vick ft Clark.)
New York, Aug. 10.-J. S. Bacbe ft Co..
Liverpool wna due % lower*on old and un
changed to 2 higher on late crops. Opened
quiet and unchangged on near and 1 polut
quiet and unchanged on near and 1
but steady net % to 1 lower on old and *
2 higher on new crops. Snots 1 point higher.
Middling 7.41, sales 5,000, American .4,100;
speculation and export, 300; Imports, 10,000
Dales; American none.
The cotton market displayed marked
strength Friday, but the disappointing fea
ture was the small advance recorded In
the face of such buying as the line of 100,000
bales of Price covering. It would seem
that advanco of 50 points would hare been
more In accordance with such buying.
Frants, however, are gradually shaping
themselves to bring about a higher range
of prices. Out advice Is to buy on all fair
declines.
Following Is the statistical position of cot
ton on I- rluar, August 9, as made up by the
New York Financial Chronicle:
This Last Last
Week. Week. Year.
Visible supply... 2.6S3.168 2,832,607 2,108.179
American .a 1,601,168 1,698,607 1,083,179
In sight, week.. 49,561 45.768 04.299
Since Sept. 1....13,344,168 13,275.647 10.9S2.S6S
Port stocks 307,176 290,722
Port receipts.... 7,409 8,931
Exports .... 5,934 18.638
Int. receipts 7,170 6,562
Iut. shipments.. 13,105 18,883
Iht. stocks 88,226 94,111
24,513
16,724
27,933
128,750
ment for the week ending Friday, August 9;
Week's sales........
Of which American
For export 7...,
For speculation
Forwarded
Total stocks .
Of which American
Actual exports
Week's receipts..,.....,..
Of which American
? Sent. 1
vbleh American..
Stocks alloat
Of which American..
190T
600
58.000
878.000
761.000
3.000
12.000
6.000
4.807.000
3.852.000
50.000
12.000
T53T
~W5q
20,000
900
200
65.000
494.000
368.000
5,000
12.000
5,000
3.867.000
2.892.000
44.000
26.000
New Orleans, Aug. 10.—Hayward, Vick ft
Clark: Map now complete; cold wave com
ing. There are chances for rain In north
Texas by Tuesday. This alters market
prospects and now expect liquidation.
Strike of telegraph operators %hecks sup
port. but weather outlook so bullish that
market must go higher.
TODAY'S PORT RECEIPTS,
The following table shows receipts at tbs
ports today, compared with thp same day
fait year:
few Orleans,
lalreston. .
Mobile. . . . .
iinnh. . .
Charleston. .
Wilmington. .
Norfolk. . . .
ew bales.* ••Incomplete.
INTERIOR RECEIPTS.
The following table shows receipts In th*
Interior today, compared with the same day
last year:
1907
1905
•676
1 3617
Augusta.
90
84
Memphis
27'
6
244
....
Cincinnati
215
109
Total
1252
3Slo
STRENGTH OF SPOT SITUATION
IS ATTRACTING ATTENTION
New Orleans, Aug. 10.—The Tlmos-Demo-
crat says: "Another day of unbroken
drought In the west, some further concrete
evidences of spot cotton strength and the
fact that in covering In New Vork the bear
clique admitted defeat, combined In making
the session n bullish affair. Profit-taking
by satisfied longs cost the price part of
the early advance, but the close was nt
the high level. During days past the talent
has looked with concern upon the continu
ous hot, dry weather In Texas, ninny sec-
tlons not having had moisture since June,
and the cumulative effect of this condition
of affairs Is now being felt st the ringside.
The strength of the snot situation mean
while Is attracting Increased attention
among the cotton trade. Galveston reported
an advance nt %c to !4%o for good middling,
old cotton being neglected, Shreveport ad
vised that buyers were freely bidding 13c
for average receipts September delivery nt
that point, hut that farmers will not sell,
saying they Intend to hold for 14 nml 15c.
Room traders should not overlook the fact
that the absence of outside Interest Is now
one of the market's bulwarks of strength.
At the moment there Is far more reason for
believing that spot cotton will dominate tho
rings thsn the rli
ton.**—Hayward,
Four hundred and eighty-three
HAYWARD, VICK 6. CLARK'S
DAILY COTTON LETTER.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
New York, Aug. 10.—J. 8. Bachs ft Co.
The cotton market rnled very quiet, but
at the same time the tone was firm. The
newt from Texas still continues of a bull
ish nature. The msp showed Indications of
rains over Sunday, however, and this was
nsed by some bulls as a pretext to realise
over the holiday. The Liverpool market
■bowed some Improvement, and our open
ing was at about a parity with last night’s
rlese. The situation seenia to be very
bullish, but the one thing against the mar
ket Is an active bear crowd and the fact
that there is no public In the mnrket. Snee-
ulntion from many states lu tho South Is
ihlblted by law, amt the market ou nd-
.ices doe* not get the public support
usual In boll speculation. We look for a
quiet market, with a gradual advauctng
tendency, anil favor purchases ou fair de
clines.
WORLD’S VISIBLE
SUPPLY STATEMENT
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-Art
years' experience of ed
iting market* la Atlanta
and the Ooutb has made
him a recognized au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Atnal. Copper
Am. Ice securities. . .
Am. Sugar Refinery, ,
American Smelting. .
Am. Locomilre. . .. ,
. do. preferred. . , .
Am. Car Foundry. . .
American Cotton OIL .
Anaconda
Atchison
.do. preferred. . ,,
Atlantic C. Line. . . .
Brooklyn Rapid T. . .
Baltimore X Ohio. . .
Chesapeake & Ohio .
Canadian Pacific. . . .
Chicago ft Alton. . . .
Consolidated Gas. . ..
Central Leather. . . .
do. preferred. . . .
Colorado Fuil & Iron.
Corn Produce
Colorado Southern. ..
Delaware Ac Hudson. .
Denver ft ltlo Grande.
Distillers' Securities..
Erie
do. preferred. . . ,
General Electric. . . .
Great Western
Great Northern pfd. .
Illinois Central. ....
Interboro
do. preferred. . . .
Kansas & Texas. . .. ,
NAME OF STOCK.
Kansas X Texas pfd.. .
Louisville As Nashville.
Missouri Pacific. ....
Mexican Central. . . .
Now York Central. ,
Northwestern
National Lend
Norfolk ft Western. ., ,
Northern Pacific
i Hitnii • a- Western. . . ,
Pennsylvania.
Pacific Mall
People's Gas Co
Pressed Steel Car. . , .
Reading
Rock island ,
do. preferred
Republic Iron & Steel. .
do. preferred. ....
Southern Pacific. .
Southern Railway,
do. preferred. .
St. Paul
Tenn. Coal ft Iron.
Texas Pacific. . . .
Union Pacific. . , .
U. H. Rubber. . . .
do. preferred. .
U. K\ Steel
do. preferred. ,
Western Uniou. . .
Wabash
do. preferred.
J':
84%
32%
m
m
§s
TIPS FLASHED
From Wall Street
Town Topics: Such liquidation as is now
o open ring is being accomplished in orderly
fashion, and there Is little need to fear any
thing worse than n possible momentary
break from these prices In the leading
storks. Even this Is unlikely unless the
bear party finds support temporarily with
drawn and becomes aggressive. For special
reasons Canadlnn Pacific, which Is selling
far out of line with other good stocks, tho
Interborough and New York Central may bo
under pressure from time to time. The
Grand Trunk dividend cut Is no criterion
for Judging American railways In general,
for a comparison of net and gross earnings
during the past few months allows that as
n rule the net earulngs are making better
proportionate Increases all around, prorlug
that returns are being received from the
vast expenditures that have been made out
of earnings In Improveuieuts aud economics
generally that conduce to reduction in the
proportionate charges for operation.
Reductions In loans and deposits should
makeup for^noy possible falling off In cash
uS
iktug ndvnnt;
— ,juv at least for turns
the lIsrrimSQ and IYltl Issues, St: Paul.
Atchison, Reading, Baltimore, Northwest.
all breaks now to buy
Reading,
Louisville. Atlantic Coast, Knty, Sugar and
General Electric. The latter's record-break-
should help sent 1 .
The cotton market will depend for the
time being on whether ft rains In Texas.
The grains should, work higher.
GOVERNMENT GRAIN REPORT
ON CONDITION ON AUGUST 1
Total stock sales today. 521,000 shares.
NEW YORK.
tnres In New
t
O
£
5
k
z
si
35
i
G
il
Ang.. . . .
Sept
Oct
Nov
Doc
Jnn
Feb
March. . .
May. . . .
11.69
1
12.25
12.26
12.48
12.52
12.68
12.66
11.69
11.79
12.fl
1143
KR
UJ1
12.59
12.66
11.59
11.70
1LMJ
12.33
12.42
HR
L’.r. -
12.61
11.59
11.72
tut
12i36
12.45
12.62
12.'.'i
12.64
11.61- 63
11.72
12.22-23
12.26-27
12.36-37
12.85-86
12.48-49
12.54-55
12.62- 63
11.63- 64
11.74-75
12.25
12.29-30
1137-3$
i -. -J •: - 4 7
1147-49
12.64- 55
12.62-63
LIVERPOOL.
Following figures give the opening range
and close, compared with yesterday:
Futures opened atendy.
Opening Previous
Close.
7.06%
im
Sept.-Oct
Oct.-Nov
Nov.-Dec
Dec.-J.in......,..,
Jnn.-Feb
Feb.-March
MsrehAprtl..*..
_ Close.
7.06 7.03
6.94% 6.91
6.82 6.79%
1$ «:?{*
6.72 -6.72% 6.70
6.71 -6.72 6.69
. 6.71%-6.73 6.70
6.73%-6.71% 6.74
6.74 -6.74% 6.78%
:rr 1 — .ir- ,s
NEW ORLEANS.
The following li tbe rang, to cotton fu
ture, to N,w Orletini toiler:
Ll
i\i
II
J
„•» i
»J
Aug |
Sept 12.99
Oct 12.68
Nov I
Dec 12.62
Jnn 12.70
Feb
March. . .| 12.81
1199 12.94
1169 12.68
iltiilM
12.71 12.60
ii8i|ii8i
1194
1158
1153
12.61
118i
13.00
12.90-96
12.67-6S
1162-53
12.60-61
117i-72
13.00
12.97-98
1164-65 <
12.61-63
12.60-61
12.67-68 'I
1173-76
12.79-81 >
Closed steady. ^
■ - — - i
NOTES ON GRAIN.
Pointers on Provisions.
tits were received nere. me rar-
r or shipper who knew anything
: weight onts, however, made the
rn. On the evidence presented
Chicago Record-Herald: Patten luck wa»
ery much In evidence in the onts mnrket
Thursday. The Iowa report was timely, In
dicating a falling off of IS potnta In condi
tion last month, and there were'heavy rains
all through the sections of Iowa, Missouri
and Illinois where conditions had been rap
idly getting Into shape for the shipment of
onts. Comparatively few reports of large
yields of oats were received here. The far-
msr, dealer * *"
about light
facts known. ^
there was a pretty full support of the Pat
ten position thut the onts yield this year
was small enough to amount to a calamity.
Daggett wires! from Minneapolis that many
point* lu Mluuesota reported oata down and
rusting. Tho heavy rain* In Illinois, how
ever, are expected to furnish the real Im
portant support of the Patten position.
Oats do not dry out ns readily as the
harder grains and It Is expected that the
wetting down that the shocks received
menus that many onts will either he left to
dry In the field or stnrked and put through
the sweat. In either event shipping opera
tions will be very much curtailed.
Local exporters were quite generally dls-
to believe that a good export busl-
would develop lu case tho foreign
mnrkets did not take fright and back away.
WHEAT SOLD DOWN;
OVER HENI EARLY
Spread of the Telegraphers’
Strike the Cause—Ral
lied on Good Buying.
ST. LOUIS CASH QUOTATIONS.
WEATHER REPORT.
WEATHER CONDITIONS.
S beat—No. 3 red winter 8SM
•m—No. 2 54
Oats—No. 2 47
EGGS—Active, 20c. , ....... niHW . «. UM . ..... ... .... ....,- .
LIVE POULTRY—Hens, active. 38037%c; 2e away from the bid price for No. 2. which f® 1,
chickens (fr!»},-12%&27%c. Ducks. Pekin, Indicated that lower grades and Sour were ’
80c each: puddle, 25c each. Turkeys, active, on a debatable basis. Home of the local ex
porters asserted that the sales of red win
ter nt the seaboard for export were not
western red, but were- the South Atlantic
wheat which goes at a big discount
«r;
TJ
Great curtailment of trade because of
the Telegraphers’ strike, fine Northwestern
weather and large warehouse receipts
proved a strong benr combination. Holders
fenced a long tie-up, and consequent dis
couragement among holders.
ling was
_ _ und.
DRESSED POULTRY—Turkeys, drawn,
nctire, 18 cents pound; fries, nctlve. 22%c
pound; ben*,15c per pound; ducks, drawn,
far "
racy. 15c pound.
PRODUCE—Lard. 12c pound; bama ...
five 16c pound: shoulders active lOOUc
pound: sides nctlve, 11c pound; butter dull;
J0O12%c pound; beeswax active, 25c pound;
honey, bright, active, 10c pound; honey In
1-pound blocks active. 12%c pound.
FRUITS— Lemons, fancy Messenn. $5.50;
•an is loupes, siow sai
3 a. 12%®2<k» each; 4
■0 crate; rhubarb.
VEGETABLES—Pci
.m. iniBiin, Spanish, 81.50 crate; kraut, half
barrel, $3.75; cabbage, 2%c pound.
Secretary Hester’s statement
world's visible. supply of cotton for tho
week ending Friday, August 9, shows a de
crease for the week Just closed of 140,906,
■gainst a decrease of 134,888 last year and a
decrease of 119,750 year before laat.
Tho total visible Is 2,691,016, against 2,840,
921 lust week, 2,120,904 Inst year and 2,787,712
ear before last. Of this the total of Araer-
cotton Is 1,608,018, against 1,706.921 last
1.096,904 last
»last, snd of i
■ Brasil, Inill
last week,
LOTO.ono year before last.
Tne total world's visible supply of cotton,
» above, shows a decrease compsred with
"ft week of 147,905, an increase compsred
with Inst year of 670.112, and a decrease
comnnrod with year berore last of 116,696.
or tho world's visible supply of cotton, ss
ahov.-, there Is now afloat aud held In Great
fntaln nud continental Europe 1.123,000,
•gainst 1.068,000 last year and 1.527,000 year
More last; In Egypt 35,000, against 39,000
J**t year nud 59,000 year before last; in In-
£* r '-V»L against 691,000 last year and 712,-
J? year before last; and In the United
$t»tea 406,000, against 138,000 last yjar and
year before last.
movement of cotton
during past week
•fcjpertntentait Kin* of the New Tort
exchange elve* the moremeot of
witon fur th, week nnd wmn .» follow.;
WEEKLY MOVEMENT.
Tbli
Jwt receipt...... LH0
gEf/lnna to mill, and Cud*.. MSI
Mat
Year.
VB
20,000
, v until mui usuaiia.. o,ws
T-wthern mill t«Wn*«...77...20.000
6 ""'flu Into >l*ttt for week...40,221 S0.M
M TOTAL CROP MOVEMENT.
Till, Ult
1*1 reeetpt. SlM,22S 7,8m!Lot
“T'/Innd to P mlili and Can-
L223.279
m mill tnklnf*.... 2,MS,000
into eight thua
l*i for i
13,137, SOT 10,004.707
GROCERIES.
S<rCKe; bend «
|Ufr;. nrrordln* to tbe are
CHEESE—Fnney full creOm. 17 cent.,
Oeorcln enne ayrup 27,c-nta *nllon; aalt,
1 (0-pound. 60c: axle srea.e 21.75; aoda crack
era. Olio pound: lemon. 8c; oyiter. 7p; hnr-
rel randr. per pound, C',4e; mixed, per
ponnd. Site: roniatoca. 2-ponml, 22.00 caxe;
2 pound, 2125; ntry twana. 22.40: Limn beam
8c; beat matobea. per *roaa. 11.28; macaroni,
oMHc ponnd; anrdlnea. mnatard. M.2S raae.
RUOAR—Standard qrannlatcd. 514; New
York reOnod, 4.90; plantation. 5c.
COFFICE-honited Arbnrklca lit; bulk la
tiara and harreln tics *recn llfli.v.
Shredded blacutt IS caao: No. t rolled oata
II.2S caae: aack nrlta, to-ponnd .ha*a. 21.85
nntnrt. full wcl*bt 22 caae: light weigh
21.10 caae: pepper, 1«c ll>.; baking nowd -
caae; red aalmon, 29 caae; pink aalmon
caae; cocoa, <nr; chocolate, 23; anuff.
lara. 48c; ronat beef. 82.60 caae: corned
22.60 caae: ratanp. $1-90 raae; alrup. New Or-
Icana. 26c gallon: corn. 80c gallon; Cnba
potash. 22.26ttt.E0 caae; pennnt.. Ic; rora
1-pljr cotton. 12c: aoap. 2L60C4 caaeL
PROVISIONS.
PROVlSIOltB—KiiprcmMiama l-Wic. helllee
S0<f2S " ' ■“
gunrtauw . - . - w—,w,
rallfornU bama, 10c; dry aall extra rib*
FLOUR AND GRAIN.
FLonR-ntghrat patent. 6.90: beet pat
ent. 26.25; atandard patent 24.76; hnlf pat-
int 24.65; aprtn* whMt patent. 10.09.
COBN-NO. 2 white. 78c: choice white. SOr-
white feed. 78c: No. 2 yellow. 78c; mixed,
Tie- cracked corn per huahel. 78c.
CHICKEN FEED—Flfty-nounil aarka 21.00,
I*unlo chick feed, 12.00; Victor feed, 11.40;
brand feed. 21.25.
OATS—No. 2 white, 83c; No. 3 mixed, 82c:
i oata. 42c; white clipped,
dipped, r-
MEAL-Plain.
Golden ontiii 82c; white clipped, 65c; fancy
’ , MEAL^P1n*'n, S pcr 9C-pound aacka. 77c; tt-
pound aacka, 78c; plain, 24-pound aacka, 20c;
bales. 11.40;
— Noi L one
nne-thlrd bolea
''HAY-Tfinothy. choice large
do., choice omnll ha lea, 11.25;
third balea. IL3S; No. 2. nue-iuira umr*
II26: chotra nratne, 81.00; Bermuda, 81.10.
8IIORTR—Choice white, 21.75; fancy, 1.60;
brown (SO tol»> iwundj) 21.45; bran, 21.26.
COTTON SEED UEAIj-l’rtma Mr ton,
228,60: No. 2 per too, 824.00; bulla per too,
FISH.
nsn—tlream 7<| pound: anrpper 10c
pound; trout 8c pound; bine flab 7c pound;
nompano. 20c pound: mnrkerel, 12Vic pound;
rnticd dab. 6c pound; froah water trout. 8c.
HAYWARD, VICK & CLARK,
COTTON, STOCK8, BOND8, COFFEE, GRAIN AND PROVISIONS.
Carondelet and Gravfar Sta., Naw Orleana.
, MEMBERS:
Cotton Exchange,
STL}. 0 '* Cotton Exctiangc,
I , »iuton - Cotto7 I Excbanrr,' AMOdate'Memhera I.Ircrpoot Cofton Aaa'n,
New York nnd Chicago l’orre;-undent,: u
J * 8. BACHE & CO., AND BARTLETT, FRAZIER & CARRINGTON,
PRIVATE WIRES TO ALL POINTS.
ItBEHSi
New Orleana Future Broken' A«*«latlon.
Kew Orleana and Chicago Boards of Trade,
New Vork Coffee KxeBjmge. *
garlic and wlbl onion nilxturoR. The prices
quoted of 9G and 97c from Baltimore and
Philadelphia were c. I. f. continental Ku
rone markets. The figurea were quoted her*
without this distinction, thus giving thf
Impression that they weffo the Baltimore
and Philadelphia figures.
Although receiving houses have had no
tlces of Ilirrenscd consignments of oats
from the country the gain was by no means
less than 23 per cent of those for the corre
sponding day laat year. The oats received
also showed light weight, the proportion
running up to normal being about the same
to higher weights as was Indicated In the
mall nnd wire advices from outside. Peoria
wired that the onts In the Iowa central line
In Illinois would not run over 25 Bushels
to the aero. Thrashing returns along the T.
r. and W. line were very disappointing,
running 20 to 25 bushels, and some below
20 bushels per acre.
Tbe London Statist says of wheat: "Al
though, with favorable harvest weather,
prices may suffer some decline during the
next few weeks, partly Itecuuse of the ne
cessity on the part of many farmers to sell
wheat ns soon as It Is reaped, the future
will witness a restoration to the recent
level of prices. As a direct result of these
comparatively short croim In Europe, the
continental countries will be very keen com
petitors with English buyers for thu wheat
in the exporting countries. The European
crop Is ths k .sinnllest aince 1897."
J. J. BARNES-FAIN C0.'8
FRUIT AND PRODUCE LETTER.
. JOf
Some complaint
In South Dakota, hut showers and cooler
weather were forecasted.
Weather favored corn nnd oats, snd
there was some western selling of futures.
CHICAGO GRAIN MARKET.
Followlug are the Chicago grain nnd pro
visions quotations for today, compared with
yesterday’s close!
• Previous
Open. High. Low. Close. Close
WHEAT—
Sept 83 88
Dec 92% 92%
Moy 87% 98
COBN-
Hcpt 55 55
Dec 52% 52%
May 53% 53%
OATS-
Oats 45
Dec...n 43%
May..... -
PORK-
Sent.. 16.30
LARD-
Bept... 9.12*4
Oct... 9.22%
SIDES—
Sept... 8.86
Oct... 8.90
4514 44%
18.20 16.CB
8744 8884
n .a
1 i
I I
16.12% 16.35
9.10 9.17%
9.17% 9.25
LIVERPOOL GRAIN.
Atlanta, Aug. 10.—For the past week, the
receipts of produce have been lighter than
at any time previously this year, and, In
consequence, the demand has been strong
and prices ruling very high.
Irish potatoes have been _exceptionally
he prevailing high price on potatoes wlU
last through next week.
Fancy peaches are also very octree, selling
from $2.25 to $2.50 per crate.
The watermelon market Is very easy this
week, towing to heafy receipts Being brought
in by the nearby farmerK. However, large
melona are meeting with ready sale from
15c to 18c.
Bnnanoa continue In good demand, selling
at 3%c per pound.
The lemon mnrket has declined on all old
grades from 50c to $1 per box. However, the
Verdclla stock Is meeting with ready sale
nt advanced prices. The old Messina stock
Is selHng ot $5.50
week’
CHICAGO CAR LOTS,
aud estimated receipts for tomorrow are as
foUo * ,:
Today. Tomnr.
Wheat 297
Corn 329
Onts 80
Hogs, head 19000 S3
Clear weather prevails over nearly the
entire man, the only exceptions being small
areas of cloudiness In the middle anil south
Atlantic states, where showers have oc
curred In the Inst 24 hours. Dry weather
continues over the west nnd southwest.
The pressure 1ms decreased at nil stations
east of the Rockies, but It Is still a little
above normal In the lake region nnd the
northeast. The lowest pressure Is In
mlng, the Dakotas and Minnesota.
The temperature has risen over the north
ern hnlf of the mnp, while In the South It
has fallen from 2 to 4 degree at most sta
tions.
The outlook now favors scattered show
ers tonight or Sunday In thla vicinity.
COTTON REGION BULLETIN.
The agricultural department, In Its report
isued Friday, August 9, places the condition
of spring wheat at 79.4, corn at 82.8 and oata
The condition of corn on August 1 was
82.8, as compared with 80.2 last .month, 88.0
on August 1, 1906, and a ten-year average of
83.2.
Augus
1907
Oklahoma. . .
South Carolina..
S'outh Dakota.
Virginia
Virginia
Louisiana. . . .
Minnesota. . . .
Michigan. , . . .
Wisconsin. . . .
Pennsylvania^ .
Average.
77
82.8
95
10-Vear
Average
89
83.2
Atlanta, clear. .
•Chattanooga, cloudy.
Columbus, clear. . . .
Gainesville, clear. . .
GrSMvUls, cloudy. . .
Griffin, clear. ....
•Macon, clear
Monticello, clear. . .
Newnan, ejear
Rome, clear
Spartanburg, cloudy..
Toccoa, dear. \ *. ’ *
Wyt Point, clear. . .
•Minimum temperatures are for
period ending st 8 a. m. this data.
'W
Min*
=f8f
111
Preliminary returns Indicate a winter
wheat crop of about 409,500,000 bushels, or an
nvernge of 14.6 bushels per acre ns compared
with 16.7 bushels per ncre last year. This
’dlmtnnry estimate, and the estimated av-
go on which It Is based, are subject to re.
.._ion and correction, when the final esti
mates of the bureau aro made next Decern-
The average quality of winter wheat Is
TL
Am
last month, 86.9 ou August 1, 1906, and a
ten-year August average of 83.4.
The average condition of oats of crop on
August 1 was 75.6, as compared with 71.0
last month. 82.5 on August 1, 1906, and a
ten-year August average of 84.0.
— * _ 0flt cr0 p j ng<
of the crop of 1905 In farmers' bands one
yenr ago.
The average condition of totmcco on Au
gust 1 was 82.8, ns ebrapared with 81.3 one
month nfo, 87.2 on August 1, 1906, and a flve-
yeur average of 83.4.
STOCKS WERE WEAK
L
Declines of Over a Poinb
Numerous at the
Opening.
SOLD STEADILY DOWN
Loss of Cash By the Banks
Heavy the Past
Week. >
New York. Aug. 10.—Standard Oil Inter
ests were still shoveling out stocks as
fas an tho market would stand today.
New low records were made hi leading
Issues, but that did not cause any buy
ing. About tho only purchasers In '
understand the situation. These people aro
sending a few hundred thousand dollars!
here and thero Into the market, hut tho
great body of Investors Is still watching and'
waiting. Among the stocks to break
through previous bottom* this morning
were Heading, which sold ht 91 on con-:
tlnuod liquidation by II. C. Frick; Union
Pacific, which broke to 127% on selling
of other Standard OH Issues: 8t. Paul.!
which declined from 124% to 122%; Amalga
mated Copper, which broke from 76%©74%,
nnd Anaconda, which brake to 60%. Smelt-'
•'rs were not left out of the race, nnd made*
new record of 99%. a decline of 2% points.
Sugar broke from 115 to 112% nnd New
lork Central mndo a new bottom nt 106%.
Even London was upset nnd consols made
now low record at 81 In thot mnrket.
The wefiknesn of European markets Is fur-
ther evidence of wlmt conservative people -
lu Wall street believes to be a fact— *
namely, that President Roosevelt nnd the
American corporations are uot responsible ft
for everything, but that a world-wide de
mand for gold due to the putting of In
dia ou a gold stnndanl prematurely has
embarrassed business everywhere. The end
Is drawlug to the Brazilian farce, for the
;overnment of Brazil lias lust set aside
115,000,000 more to play the desperate game
begun a few months ago.
Erie directors ore said to be consider
ing the use of all the cash for Improve-
meats, paying script for dividends on the -
preferred stock., wall street was much 1
nterested this morning In the bank state-
ment, but refused to make any forecast,
owing to the peculiar mnrket existing.
NEW YORK BANK STATEMENT.
New York, Aug. 10.—The weekly statement
of the New York Associated Banks shows
**ie following changes:
Loans $i,no.453.300; decrease $16,497,400.
Deposits $1,076,904,600; decrease $22,387,800.
Circulation $50.1i»5.B00; decrease $28,400.
Legal tenders $70 640,000; decrease $1,329,100.
Specie $206,346,700; decrease $3,993,000.
Reserve $276,986,700; decrease $5,312,100.
^Reserve required $269,226,160; decrease $5,-
Hurnlus, $7,760,660; Increase $287,350.
Ei-Unlted States deposits $14,709,500; in-
Albany, _
Jacksonville,
HEAVY It AIN FALLS.
'* , 4.34; Gainesville, Fla., 2.02;
Fla., 2.70; Tallahassee. Fla
CENTRAL
STATION.
Atlanta. . . .
Augusta. . . .
Charleston. . .
Galveston. . .
Little Hock. .
Memphis. . , ,
Mobile
Montgomery. ,
iUV Orleans.,
ihtvannah. . .
Vicksburg. . .
Wilmington. .
T. Indicates
DISTRICT AVERAGES.
Mas.* Mtn.**
fil
si.
napprrclalilc r.lnfall. * For
"or 24 hour, tudlug at I a.
. I p»r l(OX, 50c lea than laat
Mk'i quotation*.
Calilwgc ate arriving in cxccptlonnllg good
condition, conatdciing the hot weather, and
leetlnc with read, sale it 2Hc par ponnd.
Knnnteh onions ar» active at 11.50 |>er
ate. Tennessee onions selling at IL50 per
Lags' have also advanced strong thla
„csk. and are meeting with read, ant, at
31c per dozen. \V« still look for this com-
modi tv to advance more next week.
Apples are verr scarce anil high, and not
enough arriving to begin to supply the de.
sand. Both Tenudsec and North Carolina
ropa failed tills year, aud It will l>e tin
middle of October before they begin to ar
rive In any quantities to meet th* demand.
We look for an active market next
week 1n all produce, and do not think that
THE COFFEE MARKET.
New York, Ang. Following are coffee
cable#:
Havre, 15 a. m.—Market steady.
Hamburg, 1. a. m.—Mnrket unchanged to
14 pfennig up; sales, 17.005.
ltlo market weak; receipts, 0,050.
Wanton reeelpti, 41,000; stock, 1,749,000; the
mnrket Is Arm.
Sao Paolo receipts, 27,000.
Jundtnhy reeMpta, 23.000.
The following Agtircs (Ire the opening
range and eloae In the New York coffee
mnrket for today;
Opening
Range. flose.
5-M5 90
January .
February
March ..
April .. .
May .. ,
Jnne .
July
..5.00
. .5.95—.n
.5.064,15
'..5.10
CIIIJ C •• *• *
August
September ....
October
November 5.9MOO
December 5.90
Closed quiet. Seles 10,000 bags.
tsts
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Boston. Ang. 10.—Following was the hid
and asked price on ticorgla Railway and
Kleetrle Company today: Asked 83. Pre
ferred, none.
yeeterday. - Ft. .. _
u>., 75th meridian time.
The rainfall haa been
henry In several districts, the heaviest be
ing reported from the eastern part.
J. 11. MAKBUUY, Section Director.
WEATHER FORECA8T.
Washington. Ang. 10.—Weather conditions
and general forecast:
Cloudy, rainy weather continues on the
Atlantic const tomb of Pennsylvania, due to
a shallow depression now reutrnl In tbe
Honth Atlantic states. In other parte of
tbe country, fair weather with high tem
peratnres hare prevailed. Showery weather
In tbe east will prevail for the next twen
ty-fonr hours, and will he followed during
tonight nnd Sunday by partly dondy and
warmer weather Sunday. For the remain
ing portion of tbe Washington foreeast ilia-
trict. clear to partly cloudy weather la In
dicated. with rising temperature Sunt’
be Ohio valley and lower lake region.
Forecast till I p. nt. Sunday:
Virginia: Partly, cloudy tonight and
day; possibly shotvers tonight In extreme
southeast portion; wanner Sunday; light
variable wind*.
North Carolina: Occasional showers to
night nnd probably Sunday; light variable
rinds. - *
(leorgta: Showers tonight or Sunday;
light variable winds. _
Eastern Florida: Showers tonight and
Sunday; light variable wlnda.
Weatern Florida. Alabama and Missis
ppl: Fair tonight and Sunday; light varla-
winds.
Kentucky and Tennessee: Fair; coir-
tinned warm tonight and Bnndny, except
probably showers In eastern portions this
afternoon or tonight.
Louisiana. Texas. Oklahoma. Indian Terri
Funeral of Mrs. Newsome.
Special to The 'leorglan.
Hawklnavllle, Ga„ Aug. 10.—Mrs.
Robert Newsome died at her horn* near
this city nnd wan burled here In Or
ange Hill cemetery Thursday, Her
lllneag wu very- brlet
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners.
Audita, Special Examinations, Costing and Systematizing,
EMPIRE BUILDING, ATLANTA, GA.
ALL QUARTERS GOODS MARKET
m STRONG CONDITION.
The New York Commercial: In praetlrnlly
nil quarter* of the market tbe *nme *trong
condition is reported. Buyer* are declared
to he filling atocks for fall and advanced
•prlox requirements at asking prices nnd
allow a readlnena io operate on the pre«-
ent lilirh market which has *e!dom.* If
ever, been exhibited to mich n degroe. The
heavyweight cotton goods in the gray and
brawn which converter! aud.cuttera-up have
been tnklntr freely for aereral mouth* past,
are now moderately quiet, which I* a alt-
nation that doe* not dlzturh Hellers In the
leavt. They are either holditif; good* at the
top market quotation or have them placed
at value nud declare that when buying re*
■tiuien on any of thene good* thtlr figure*
will prevail. It la algnlficnnt that orders
from Pacific Coast house-* dealring cloth*
for hag purpose* are ntlll unfilled, snd
careful Inquiry by their New York rep
reoentatlvea fall* to diaclone any mill which
la aide to handle carload contract* for de
livery before November or December, nnd
even on thl* delivery " " *
1* demanded. In the
thl* deliver/ the top market price
j jobbing market the
activity now wltncazcd 1* a reflectlon_ of
sound conditions In tho retail markets. JTbe
buyer* who nr* her© from f “
land state*, the middle west i
Print Cloths Remain High.
In the brokerage offices nnd among sell
ing agents of print doth yarn construction
good* It wn* stated Thurminv that while
the volume of hunluesn passing was not
as heavy a* on some days during the pant
month, still there wan a comfortable for
ward business put through on narrow odds,
especially 28 Inch 64 by 60a at 5c and regu
lars. The spot business on wide standards
on a basis of 7%c Is confined to a few
mills that bare informed their agents of
having some merchandise for September de-
livery which lioyer# are glad to take and
regard as spots. On SB-Inch 68 by 72s snd
MINING STOCKS.
Boston, Aug. 10.—Opening stocks: Mo
hawk fit Butte Coalition 20%; Michigan *2;
Copper Range 72%; Callfornla-Arlxona 155.
LOCAL 8TOCK8 AND BONDS
(Revised by nillyer Investment Company.)
Bid. Asked;
Atlanta ft West Point R. R., 160%
Atlanta, Birmingham and A.. 19
do, preferred 7
Augusta Factory
Central Bank and Trust Corp. 180
Exposition Cotton Mills 220
Fourth National Bank 210
Ga. It. It. nnd Banking Co.... 240
Ga. Ry. and Electric 10
!!!!!!! io
19%
Southwestern
Atlanta 4,p.
bonds, 1933.... 99%
105M
1
Augusta 4s, 1935
Georgia 4%s, 1915, coupon
do, 3%; 1939, reg....
Dixie Cotton 31111a, 1st mtg. 6s.
Ga. It. R. nnd Bkg. Co., os.... 102
Seaboard 4s. 1960 63
}g|H
102
108%
108
LONDON STOCK MARKET.
STOCKS—
Anaconda
Atchison
do, preferred
Amalgamated Copper ;,
Baltimore and Ohio .,
Chesapeake and Ohio ..
Canadian Pacific
Erie
do, preferred
Louisville and Nashville*
Kansas and Texas .. .«
Pennsylvania
New York Centra!
Norfolk nnd Western .. .
Philadelphia and Beading ,
Rock Island .
Southern Pacific
Southern Railway
fit. Paul
Union Pacific
United fitates Steel ,.
do, preferred ,
Wabash preferred ,, .,
4% UNION 4%
SAVINGS BANK
Could Building
CAPITAL STOCK . . ,'$100,000.00
_ n# | RESOURCES 1 oi ~
4 JO $260,000.00 I 4 JO
Is regarded to be ample.
COTTON SEED OIL MARKET.
Following Is given the opening and doslni
of the New York cotton seed oil market:
Owning. Clostrij
August . W%(^" * "
September. • • • . — 4
October. .....
November. . • • .
>eccmber
January . _____
Fololwlng are the cotton seed oil
the opening and close; ioo January at 39%,
500 August at 53. 100 Angust at 53. 309-Sep
tember at 52%. 700 October at 50, 200 Novem
ber at 42%, 800 September at 63. 400 Octolter
at 60%, 100 November at 42%. Closed steady.
$88,000.00
GOLD BONDS
to net investor nearly 6 per
cent. Write for circular. J.
H. Hilsman & Co., Atlanta,
Ga.
(T
ATLANTA NATIONAL BANK
=z \
ATLANTA, GA-
C. E. CURRIER, President. H. T. INMAN, Vice-President.
GEO. R. OONOVAN, Cashier.
JAMES S. FLOYD, Assistant Cashlre.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
J