Newspaper Page Text
JO UN DAY, AUGUST 12, IDO7.
THE ATLANTA GEORGIAN AND NEWS.
tone at opus
SLIGHTLY EASIER
Initial Prices Were at Loss
es of From 2 to 8
Points.
due TO POOR CABLES
Covering Movement Set in
Later—Part of Early
Loss Recovered.
v. w York, Aug. 11.—At the opening of
ih, rotten market thla morning the uniter-
oor of the loenl mnrket was easier, prleea
i*lni 2 to 8 poluta lower. The rahlea were
rimer poor nml lea* attentiou seemed to l«
2m M the condition lu Team. There wa«
h«vr preasuro after the coll.
purlng the morning aoaalon, the tendency
downward, October and Decemlier
•bowing loaaea of 15 poluta nnd January 13
noititH from opening quotation*.
Trading waa fairly active, lu view of the
ttrnp ns a result of the Telegraphers'
•trike.
St midday a alight upturn was atorted,
prices regaining 7®8 point* of the morning
loss.
The upturn around the noon hour was
followed by a sharp decline, prices
tagging slowly to the close, being
steady 15 to 20 points below Saturday's
^Receipts at the ports not received
for Monday. Saturday's receipts ag
gregated 1.455, against 3,803 last year.
SPOT COTTON MARKET.
NEWS AND GOSSIP
of the Fleecy Staple.
Liverpool, steady; middling 7.48.
Atlanta, steady; middling 13c.
Xew York, quiet: middling 13.30.
New Orleans, quiet; middling 13‘,4.
Augusta, quiet; middling 13%.
Savannah. Arm; middling *2%.
Memphis. Ann; middling 13%.
Galveston, Arm; middling 11%.
Charleston, nominal: middling 13K.
Wilmington, nominal: middling 13)4.
Norfolk, steady; middling 13%.
St. Lonlt, quiet;' middling 13%.
Baltimore, nomlnnl; middling 32%.
Bouton, quiet; middling 13.30.
Philadelphia, quiet; middling•13.©.
Special to The Georgian.
(Prom Hayward, Vick A Clark.)
New York. Aug. 12.-J .8. BneUe A Co..
Liverpool waa due 1 higher on August and
September and ur/3 lower on Inter months.
Opened steady 263 poluta lower. At 12:15
I* m., was quiet, hut steady and un
changed on old and %f|l lower on new
crops. Spot cotton In moderate demand 2
isofnta higher; middling 7.43: American 6.100:
speculation nnd export 500; Imports 0,000
hales; American none.
Liverpool comes at about parity. Very
little luterest In prices Saturday. Reports
from iKMt Indicate ralna In the gulf states,
but dry, hot wenthbr prevailed over Sunday
In Texas. If the market had the support
of the public, prices wonbl lx» considerably
higher because of the conditions In Texas.
Look for a firm market, with gradually
advancing prices.
Habersham King says of Texaa: “For thn
first week of August 60 per cent of croj
favorable, 30 per cent fairly favorable am
20 per cent decidedly unfavorable.”
\nu Dyke a good seller of October am
leceinbcr. Looks Ilka Cnrpenter.
Mnrket Is easy on the Habersham Hint
etKirt.
Depression !n Wall street la hnrtlng cot
ton, but while Texas remains dry nnd ho
today, sentiment Is being affected bcarlsbly
forecasts of changing weather condi
tions to the Southwest, ir we get rain or a
forecast of rain today, think values will
H back some, and If good rains come ‘
f*xt day or two will decline sharply.
Carpenter lioggott big sellers through
Melton.
Following are 11 A. ni. bids: August 11.51,
September 11.62; October 12.12; January
Sew Orleans. Aug. 32.—Hayward, Vick
A Clark: Market oue-slded, owing to In
terruptlon In communication. Longa arc
selling and bears have the advantage
PRICES ON COTTON GOODS
WILL CONTINUE TO RISE.
HAYWARD, VICK A CLARK’8
DAILY COTTON LETTER.
Xew urleans. Aug. 11—The effect of In
terruption In regular communication with
the Interior, owing to the Telegraphers
rrrike. was shown today In a heavy decline
«t nil mnrket renters. Trading was one-
shim] with orders to liquidate long commit
ment* naturally In preponderance, owing to
prevailing uncertainty. Storks aud cotton
declined. Temporary conditions gave bears
u decided advantage. First trades here
were nt unchanged figures, followed by a
rapid break to 12.41 for October, whew pro-
festlODals stopped the decline hy buylng ln.
I There was no weather news, and bulls had
nothing to go by except general convictions
In an under supply. Private reports of
rains In Louisiana and the states east or
It lends to the Inference that ralna might
have also occurred lu tba %eat nnd lessened
I support. The weekly crop summary by Itao
Memphis Commercial-Appeal was Judged
more favorable than expectations. It bat
report# from Texas spoke of no rain over
Fundsjr and serious damage to crop. Cotton
article# In Tens papers are to the Mine
effect. The market steadied somewhat to
ward 11 o’clock on private forecasts of hot
weather for Texas, but the official weather
man Is too Incomplete to say anything about
weather prospect*. After such a sharp de
cline It look* reasonable to buy on the
I rhnnee of the strike getting settled sewn
when the return of confidence would prob-
nhl? cause the usual rebound In the mar*
especially on heavy staples, are
in fact, certain, to show an advance (luring
the balance of the month. This Is pre
dicted on the belief that cotton will not
show a decline nnd that the short condi
tion of cotton goods stocks will make
higher value# certain. That sheetings,
drills, brown shirtings nnd other lines of
staples arc firmer. If,possible, thnn they
were nt the opening of the month. Is a
fact which buyers are coming to real lac.
The Incipient signs of a revival of Inter*
In China for these goods has acted as
signal for the merchants to Itecome firmer
In their views. The bids which are iiqw
coming In from Chinn for 4-yard nnd other
light sheetings arc !>elng met by stiff
prices In the New York mnrket. For 4-yard
56 by 60 a price of 6%c to 7c Is named hr
holders of goods, and on contract 6%c Is
er thnn buyer# like to go, but in wine
nml Into October, they are not inclined to
let buyers stampede the mnrket and break
prices. Willie they realise that some con
cession may have to be made In the near
future ou contracts on certain of the soft
yarns they are not ready to let down the
bars as yet. On cotton yarns suitable for
use lu tni‘ men's wear trade for manipu
lated goods there is more weakness than
In almost any other class. This follow#
from a poor showing having been mad”
on the spring of 190# lines of mercerised
nnd manipulated, men’s wear fabrics. The
Philadelphia mnrket on these yarn* *-
uoted i
qtiof
root
In this mnrket.
Because of an almost _
spot goods In narrow or wide cloths, the
market appears to l»e unusually quiet.
There Is some business being done on nar
row odds for late fall delivery nt a basis
of 5c for 28-inch 64 by 60s. Wido goods are
steady nt 7%c for standards, nnd the mau-
ufacturers are placing n limit on *thelr for
ward contracts. Some mills are sold to
May, 1908, ou high count wide gray goods.
L. H. FAIRCHILD A CO/S
WEEKLY COTTON LETTER.
New Orleans, Aug. 12.—The cotton market
shows a very substantial advance for the
week, nnd It mny be anld that the continued
dry, hot weather which has prevailed for
some time past over the western part of
the cotton belt and which la as yet unbro
ken has been the chief atrengthenlng factor
In the market. However, the fact that spot
buyers In south Texas, where some early
cotton Is beginning to move, are said to bo
paying from 1% to 2c per pound over pres
ent future quotations, Is attracting some
attention, nml it appeals that there are
* who have been Inylui r much stress on
. Improvement who are beginning to fear
that this InMno appetite ou the part of
cranks who have lost all Idea of
rect cotton values may lead to something
•ertous, and hence there has been s very
tilde disposition on the part of many
er some recent sales, which, accord-
in# to old standards, were made at fancy
prices, Even the preseut chief exponent of
the bear fraternity, the man with a world-
wide reputation for shrewdness us a cotton
’peculator, la reported to have covered In
»»<> ilny something like 100,000 bales of short
fontrncts aud pocketed his loss. Again the
blander of the tall trying to wug the dog.
It U nn amusing situation with Its pathetic
phases, that thla ecouorate Mosea of the
cotton world, who only a few months ago.
with ni much wisdom and logic, pointed out
to hi* benighted brethren the resistless tide
- * - values, due to the rapidly lucrens-
production, should lie ouo of the
Is thought to be too
let value are relative, nnd we have not beenl
•bli* to adjust them to the rapid changing
' i lower to a higher level, due aolely
Increase In the production of gold
which Is our only measure of value. The
literal truth of the matter Is that values
Mve Dot risen, but toe purchasing power
I’* the dollar has been cut In half, llerelui
the secret of the rise In value of all
the tiiM-esitniief of life, nnd Incident thereto
•* the constant demand for Increase In
Increase In rate* of Interest and the
World wide decline In Interest bearing a**-
grille, and dividend paying stocks. The
wage earner can no longer live on the salary
that used to l»e sufficient for bis needs; the
Mder of British consols or of United States
rjhds finds that the Interest he draw* now
b’tys ouly half what It once bought, aud
nence it is that the time la ripe for a
who «**ale readjustment of Idea* of raiue.
Ith reference to cotton, we have the
utnicisr faith In thla tendency toward higher
•evriH, and should the crop outlook, which It
no means assuring, grow less favorable
w<* are Inclined to look for much higher
prices before the season ends Idea* of
’Wlue should Ik» adjusted to the present
production and the present price of
™tton goods and not based-on condition*
WMoU prevailed ten year* ago, when a dot-
j* r would buy twice ns much as It will to-
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGGSt-Active, 21c.
LIVE POULTRY—Hen,, nctlre. 36@8754c;
chicken, (trill). lJ5Wf575tc. Duck.. t'ekln,
S0c each; pivblle, 25c each. Turkey*, nctlre,
124c per pound.
nRF.SRED POULTRY—Tnrkeya, drawn,
active, 18 cent* pound; frlca, active, 20c
pound; heni.JSc per pound; ducks, drawn,
fancy, 16c pound.
FItODUCE—Lard; 12c pound; bam* ac
tive 10c ponnd; ihonldera active lOffUf
pound; (Idea active, He pound: bntter dull;
I: active, 25c ponnd;
active. 10c pound; honey to
(M0:
....— atock,
atnek, per hundred,
$1; peanut* In aaeka averaging 100 pound,
each, owing to grade, per pound, ClpSSc;
cantaloupe*, alow anle, 75c crate; watermel
one, llViflMr eneb; Georgia peachea, 82.250
2.50 ernfe; rlinhnrb. 76c each.
VEGETABLES— Potatoe*. new, 83.75 her-
rel; per buahcl. 11,40. Onlona, Georgia. (1.80
per buahcl; Spnnlah. 81.50 crate: knot, hair
barrel, 83.75; cabbage, 24c pound.
< " GROCERIES.
RICE-lap 5415He; head ««7c: fancy head
|UfT7. according to the grade.
rnEESE-l'nncj full cream. IT centa;
Georgia cane eyrnp 37 centa gall
100-i-mmd. 60c; tale grease 81.75; no
era. 654c pound; lemon, 8c: oyater, uu-
rel ready, per pound, 84c: mixed, p.t
ponnd. 6ftc; fornatM*. !-ponnd. 8100 earn;
8-pound, 8i«; nary bean*. 87.40: Lima bean#
8c; best motebea. per greaa. 81.66; macaroni,
454070 pound: aardlnea, mnatard, 83.25 cat*.
UuOAR-Standard granulated. 64; New
York mined. 4.80; plantation. 6c.
COFFEE—Boasted Arbookle* 116; bulk In
bag* and barrel* 13c: green 11012c.
Phrcdd-d biscuit 85 esse: No. 2 rolled nati
88.16 eaee; aack grlta, M-ponnd baga. I .H;
enter., full weight. 88 caae: light weight
11.10 caae; pepper, ISc lb.; bnklng powder 88
mm: red aalroon. 85 caae; pink •aImon.84.lt
caae: cocoa, me; chocolate. IS; annff. l-lta.
lara. 4tc: roaat beef. 82.10 cnee: corned beef,
i'.m cant eatanp. 81.90 caae; strum New 6.-.
lean,. 86c gallon: corn. 80c gallon; Cub*
potash. 512508.10 *'5 »M5
,.ply cotton. 18o; aoap, 8L5O04 can.
PROVISIONS.
PROVIMONH—Nnpreme batna 154c. bolllc*
26025 pound* average. 3J24; fnt hack*. 6J5;
Supreme lard, M. Partly compound. Jtt,
California bama. 10c; dry aalt extra rtu
,Vt FLOUR AND GRAIN.
FLOUR-nighcat patent. 6 90; beat pat-
it $5.25; standard patent 94.75; halt pat-
t! $4.8 spring wbsat patent. $*w. ^
CORN-No- * white, choice white. Me.*
white feed. 78c; No. 2 yellow. Tic; mixed
T7c: cracked corn par bushal. 7$£.
rlnCKRX FRR/»-Flftr ; noufKl sacks SJ.00,
ran la dilck fjjd. 12-00; Victor feed, $1.40;
b OATS-No. 2,whlto«r ;Nol mixed. 62c;
Golden onts, 52c; white clipped, «c; fancy
"StEAL^PtalV per 96-ponnd aacka. 77c; «-
pound ,8e l plain, 24-ponnd aacka, 10c;
e 'llA'y-Tlinothy. choice large bale*. IL40;
do., choice amali bale*, ILI5: ho. L one
third bale*. 11.85: No. 2. one-third bale*
51.25: choice prairie. 21.60; Rertnuda. 8L10.
PIIORTS—Choice white, lt.75; fancy. l.W;
brown ISO to 100 nonndal 81.45; bran. It*.
COTTON SEED MEAL-Prime per ton,
S .50; No. 2 per ton, 87400; hulls per ton,
FJSH.
risn-Rream 7c ponnd: anapper-
pound; tro"t «c pound; bio# fish 7c pot
pompano. 20c pound; mackerel, 12%c pobwi,
mixed fish. 6c pound; freah water trout. 8c.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-firs
years’ experience of ed-
ItlDg markets In Atlanta
and the Booth has made
hloc a recognised au
thority Id hla specialty.
TIPS FLASHED
From Wall Street
Specl/l to The Georgian.
(From Ilaywnrd, Vick A Clark.)
New York. Aug. 12.—J. H. Bache & Co.:
jjondon market weak for American stocks.
Decline general. Consols unchanged.
The Morocco situation Is creating soma un-
RANGE OF NEW YORK STOCKS AND COTTON MARKETS UStSStS-HAS 1 8ffi
ald« buvlng demand la practically nil.
The additional report ou Htandnrd Oil will
not make for stability.
The situation i* somewhat discouraging,
and further liquidation la expected this
morning.
Btendy atorm of liquidation In stocks eon'
tlnues. While a rail/ maj come at any
K4UK or stock.
Amnl. Copper. . . . ,
Am. Ice .Securities. . .
Am. Sugar Iteflnery. .
Amerlcnn Smelting. «
Ain. leocoiutive. . . #
, do. preferred. , . .
Am. Car Foundry. . «
American Cotton OIL.
Anaconda. ......
Atchison
do. preferred. . . »
Atlantic C. Line. . ..
ConsoTl
Central Leather,
do. preferred.
or* " •
Delaware ‘jPlltidson*,
Denver A lllo Grande.
Distillers' Securities. .
Erie
„ do. preferred. . , .
O&neraf Electric, . ,.
Great Western. ....
Great Northern pfd. .
Kansas A Texas.
FAME OF STOCK.
""Total stock aales today lTl24,7tt)~sharsa.
Kansas X texas pM..
I.nulsviiie & Nashville.
Missouri Pacific. . . .
Mexican Central. . . .
New York Central. . .
Northwestern
National Lead
Norfolk A Western. ..
Northern Baeifle. . , .
Ontario A Western. . .
Pennsylvania. .....
Pacific Mall
People's Gas Co.
Bock Island
do. preferred. . . .
Republic Iron A Steel.
do. preferred. . . .
Southern Pacific. . . .
Southern Railway. . .
do. preferred. . . .
St. Paul
Tenn. Coni & Iron. . •
Texas Pacific
Union Pacific. .....
U. 8. Rubber
do. preferred. . . •
T7. 8'. Steel
do. preferred. . . .
Western Union
Wabash
do. preferred. . . •
Wisconsin Central. . *
do. preferred. . ,.
NEW YORK.
-Jog Is
tun*# In New York
“ mi
Ang.. .
Sept.. .
Oct. . .
Nov.. .
Dee.. .
Jnu.. .
Feb.. .
Closed steady.
inmtmno
11.7011.70 11.49
1121 12.22 12.02
12.36 12.35 ilf.is
12.40 12.4012.23
11.42 12.43 12.42
12.48 12.48 12.35
■1112.56 12.48
i ii
uAct*
11.67-6*
12.06-06
12.09-11
12A7-18
12.26-W
12JM0
12.35-36
12.43-41
iroTw
11.72
12.22- 23
12.23- 27
12.36-37
12.46-47
12.48-49
12.64-65
1162-63
LIVERPOOL.
Following Is the opening range, 2 p. m.
and close, compared with yesterday:
Futures opened steady.
Opening Frevlon#
Range. 2 p. ro. Close. Close.
August 7.04 -7.06 7.05% 6.99 7.03
Aug.-Sept.... 6.92 -6.93 ' e **
Sept.-Oct... 6.80 -6.81
Oct.-Nov.... 6.764-6.76
Nor.-Dec.... 6.72 -6.73
Dee.-Jan....
Jan.
Feb.
March __
Aprll-May.
Closed very steady.
. NEW ORLEANS.
—
Th* following Is th* rang* In cotton fu
tons In New Orleans today:
II
ii it
!
r j
ii
Aug I
Sept
Oct 12.67
Dec 12.62
Jan 12.61
Feb 12.60
March. . .12.75
12.67 12.4012.46
12.62 12.66(12.29
12.6112.43)12.46
12.61 12.6012.50
12.76 12.69 12.60
12.&6
12.76
12.44-45
12.33-29
12.47-48
12.69-60
13.00
12.90-96
12.67-5S
12.52-63
12.60-61
12.7 i-72
Closed steady. *
ttuie very llttlo couficfcnce in future exists
“ U some long stock cornea In pretty
soon, the market will rally sharply. The
short Interest In the market la tremendous,
and It will aoon be felt In a substantial
Ices.
dost re A Co., New York: A wide-
open break lu the stock market last week
waa the logical outcome of the fresh volleys
’e<l from government guns trained
it corporations. The financial comma*
or to be exact, a certain portion of
It. has, at various periods dnrtng the Inst
nine months, convinced Itself that a love
feast wg» Indnjr prepared, at which na
tional nnd state legislators would sit down
together with corporate officials, bury tlio
hatchet, and henceforth live In harmonious
accord. Ou each of these occasions, this
R leasant dream has Ix»en rudely shattered
y renewed outbursts of hostility. The
[ last week's developments In that line have
teen of an unusually discouraging charac
ter, luasmueh as they hnve plainly fore
shadowed what treatment 1# likely to he ac
corded the corporations In the present le-
n controversies.
Town Topics: Best students of the mar
ket differ ns to whether stocks sre to under
go any additional bad break from the pres
ent lerela, but little doubt Is felt that such
a break would be anything more than a mo
mentary nffnlr. On^ the other hand, there
tL —
through any further break
f ressnre from foreign
In aneh rases to add
to their holdings. The amount of public
" * “ ‘ ^ T># encouraged by exist-
Id before long deplete
ongly
weak
NOTES ON GRAIN.
1’oiuters on Provision*.
Chicago Record-IIernld: "Judging from
the reports we are getting on the now'crop
to date. I estimate that onts will average
•lx pounds per bushel lighter on this crop
than on the last,” said J. A. Patten. "We
tended out between 2,000,000 nnd 3.000,000
bushels of onto from local elevators In Mnr
and there was not a cargo that welghei
less thnn 34 pounds per bushel. The whole
crop averaged somewhere between 32 and
38 pounds per bushel. It would be Impossi
ble this year to pick up a cargo weighing
ss much as 32 pounds, and 1 do not believe
*hnt the new oats will average more than 25
to 26 pounds. The government estimated
did uot raise <
price# ______ ,
over futures. If there Is inch n big aupply
of old oata back the shippers who are now
scouring the country aud bidding stiff prices
for them would like to bavo some of them
located.”
Kansas City elerntors sro fast becoming
filled up with wheat, and there Is a very
likely prospect of an overflow toward Chi
cago within the next. week. One of the
well-posted elevator men there said that all
of the warehouse room would be chuck-a-
block by tho middle of next week at the
present rate of receipts and shipments.
There were 123 cars carried over unsold
there Friday. Practically all of the stock
there Is hard winter and very largely from
Kansas. There hns been no liuportnut move
ment aa vet of the Nebraska crop, -ft good
portion or which Is headed toward the mills
of the northwest. 8t. Louis made some
very large sales of soft red winter wheat
Friday to southeastern mills. The aggre
gate of the sales for twenty-four hour#
wa« 220,000 bushels, of which Chattanooga
took 40,000 bushels nnd Nasbyill# |0,000 bush
els Friday morning.
"Reports from milling correspondents on
average yield In their territory ot winter
per acre, aa shown by thrashing returns.
Michigan. •
Ohio. .
Indiana. . •
Illinois. . . .
Missouri. . ,
Nebraska. .
Kansas. . .
Tenuesseo. ,
Kentucky. .
Yield
Per Acre.
: ii
: IS *
Indicated
Yield.
11.000.006
14.000. 000
30.000. 000
40,600.000
81,000^000
mt
berries. liar
In quality, L
Farmers ara more Inclined
Frequent rains In *oft winter wheat aUtea,
besides Interfering with thrashing, are caus
ing resproutlng and weed conditions In
•bock."
CENTRAL AND WEST TEXA8
FURNI8H WORST REPORTS.
Atlanta for the week ending Saturday,
August 10 averaged 6.60c per ponnd.
HAYWARD, VICK & CLARK,
COTTON, STOCK8, BONDS, COFFEE, GRAIN AND PROVISIONS.
C.rond.let and Gravier St.,, New Orleani,
MEMBERS'. .
£*» Orte.nl Cotton Exctianje, New OrlM n, r«tnra Pr“ k "* /*J?'^JjJ'
&w Tort Cotton Exchange. New Orirana and Chlrag Boenla of Trade,
Cotton Exchange, New York Uoffee Exchangee . Aaa’n.
Houston Cotton Uxcbange, Associate Member* Liverpool Cotton Am iv
New York and Chicago Correspondents.
J. 8. BACHE A CO.. AND BARTLETT, FRAZIER A CARRINGTON,
PRIVATE WIRES TO ALL POINT3.
| Hf it _____
'Irregularity Is the most notable charac
teristic of reports for last week. This Is
due to the luck of rainfall In many sec
tions of the lwlt, for wherever tho supply
of moisture has l»een sufficient, the re
ports are the moat glowing of the sea
son.
'The Eastern states, with the exception
the coaat sections of Georgia and
the Carolina# and southern Alabama, are
d condition, and the plaut 1ms
made progress. Along the coast the
rainfall waa excessive and the plant
hns suffered. With normal condition# hence
forth and a bite frost, the Eastern states
expect to produce an excellent crop; pros
pects exceed those of last season.
"The states of the central cotton belt
or those Immediately adjacent to the Mis
sissippi river have good nnd bad reports
for the week, nnd are ontlmlstle or (Roomy,
according to the rainfall received. Hhower#
have been light nnd scattered over moat of
this section and the crop Is In need of a
general rain. Acnte damage has not come
yet except In a few unimportant localities.
The plant Is well frnlted and small.
"Oklahoma and the northern belt of
Texas, furnish good reports. The supply of
molstnre has been sufficient np to the
present. A Into fall Is needed, however, to
permit development of the cotton, much of
which Is Ikte.
"From central and western Texas come
the worst reports. The need of moisture
has t>ecoroe acute, and the plant Is suffer
ing badly from shedding, while premntnre
opening of !*>lls Is complained of. The re
ports From southwestern Texas Indicate a
very short crop as a result of the long
continued drought.
"Indications are that picking In nearly nil
sections of the belt will become general
two weeks or more later than last year."
WHEAT OPENED EASY
LARGE FACTION OFF
Large World’sSIiipment and
Favorable Weather the
Chief influence.
Chicago, Aug. 12.—Closing prices for the
day showed losses of 2%&3c In wheat, %
|jp%e In corn, %#l%c lu corn nnd 7M10e
In provisions
The volume of trade woa greatly reatrlct-
ed by the absence of wire service. Thera
was a good local professional trade In nil
th# pita, however, so that the day was
fairly satisfactory after all. Wheat nt Its
low point wos off about 2%c from the
resting spot of Saturday. It recovered n
good part of the lo#s alter the noon hoar,
the Influences being th# strength in corn,
many wheat short* covering. It broke
sharply late. Early sentiment on vrbent
wot quit# bearish. Besides the Telegm*
phers* strike, as an early bear help waa the
bearish statistics, which Included an In
crease In the nmoqnt of breadstnffs on
ocean passage, the larger comparative
world's shipments and tne lower cablet.
Northwestern receipts, 346 csra; local re
ceipts, 294 eara, compared with 263 and 460,
respectively, a year ago*
Corn waa quite active, nnd It was strong
on good buying by shorta and Investor*.
It opened weak, but soon turned strong on
Iwd crop reports from all sections of the
corn belt. The Intense heat Is damaging
corn In many parts of the Weatern states.
Oata had but very little aupport, tho big
longs evidently being Inclined to allow the
mnrket to drag to a lowea» level. Weather
fnvornble for threshing, and this la expected
to Increase the marketings. a
Miscellaneous long* led In the provision
mnrket selling, while the larger packers
* - *•-- — The close waa 6®X0c
WEATHER REPORT.
WEATHER CONDITIONS.
With the exception of it small nren of
cloudiness in tho southeast, clear weather
prevails over the most of the nmp.
In the last 24 hours showers have occurred
on tho east gulf const and nt most atntlona
In the eastern half of the cotton belt.
High temperatures continue at most sta
tions east of tho Mississippi and lu the
southwest.
The outlook now fdvors showers In this
vicinity tonight and probably Tuesday.
COTTON REGION BULLETIN.
STATIONS
mm
CHICAGO GRAIN MARKET.
Following »ra tho Chicago grain and pro
vision. quotation, for tod.j, compared with
jre.terdajr'. cloae;
ProTloa.
Open. High. Low. Clow. Clow
WHEAT*
fc ® n
Torn-’**
fc 8* «
May.... 63% 64%
OATH—
El '1
18.15 ll.025i 11.0254 H.1254
tot.7 8.06 9.10 9.05 9.00 8.10
ot... 1.16 9.1754 6.10 9.10 9.1754
HIDES—
»t 1:8* !& IS 1:5* !@
1 1
>1 I
55
42%
Atlnntn, p. cloudy. ...
•Chattanooga, cloudy.
Greenville, clear. . . .
••Macon, cloudy. . .
••Montlcello, cloudy.
Rome, elenr
••gpertanbarg, p. rfm,
^Minimum temperature* «ro for 12-hour
Period ending at 8 a. iil this date.
••IIwbIvnI Into Knt itiplti,l.,l I..
m
rest men t. Certainly the Hnrrl-
Hill Issues, 8t. Paul, Atchison,
and Nashville, Atlantic Const
nore nnd Ohio, and Kendlhg look
it these levels. They are bound
no matter what comes out of
TONE IS FEVERISH
IN STOCK-MARKET
Early Decline Reached Five
Points—Northern Pa
cific the Leader.
ENTIRE * LIST WEAK
At End of Twenty Minutes
Some of Leaders Rallied
Fractions.
GODFREY STARTED
FOR PANAMA CANAL
Unde Ram loat n valuable recruit when
Godfrey Henry waa taken In charge l»y The
police nt the Terminal Station early Mon
day morning. Godfrey, who la 12 year# old,
hnd his grip with hint nnd wn# on hla way
to Panama to make tho dirt fly.
Mra. W. 8*. Henry, hla mother, of 183 East
Fair street, returned from church Sunday
night to find the boy and bis clothes gone.
Hbe notified tho police and a few hoar# later
ho was found. Probation Officer Gloer will
hold him for n few day a to determine what
Is heat to do with him.
The boy's father wn* tho first man In
jured In the building of the Federal prison.
A hammer fnlllug from a considerable
height fractured hTs skull, and, although
recovered physically, ho never hns been
right mentnlly since. He was employed by
the city for a time, and later sent to the
county farm, but he l>eenmn dangerous at
times and was committed for Inuacy. lie
Is now lu the asylum for the insane at
Milled gevllle.
New York, Aug. 12.—Today was an
other tumultuous time fin all tho mar
kets of the worldP After the opening
business the cables reached a further
decline In British consols and other In
vestment securities In London, extreme
weakness In the copper group, both
stocks and metal and losses extending
from 1 to 2 1-2 points in the American
list. At Paris, Berlin and. In fact, at
all the capitals of Europe great unset-
tiement also prevailed. The reflection •
of all this and the extreme apprehen
sion in financial circles here was wit
nessed In another violent break at the
local opening. Union Pacific, Northern
Pacific, Great Northern, Coppers and
others ot the-standard trading special
ties, fell abruptly from two to four
points.
New York, Ang. 12.~The stock market
opened at general declines. Canadian Pacific t
— -* t Northern 1%, St. Panl
1-4, .uiniHitiri rnriuc lost In all t points, RUil
Baltimore and Ob'o lost 3%. .Smelting was
off 1%. Union Pacific opened 1% lower.
Northern Pacific lost in all 5 points and ral
lied 1% points. At the end of fonr minutes’
S rices were at about the low-
n Pacific wan off 2%. Beading
„n 20,000 shares 1% lower and de-
lined nn additional point, while Amalga-
trsmely feverish.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
CENTRAL
STATION.
Atlanta. .
Ausustg. .
Galveston.
Mobil#. . .
Montforoer
Yllmingtoi
V. Indica
DJBTBICT A Visit AURS.
* For
CHICAGO CAR LOT8.
i for tomorrow sro «•
Wheat..
Cora.. .
Oata.
COTTON 8EED OIL MARKET.
«( th. N.w York cotton
Aognat. . .
BiDtnal»r.
October. . .
November .
LIVERPOOL GRAIN.
CloKd °17 ami it 1:30 I>. w. 54 off.
THE COFFEE MARKET.
Th. followln figure* give the opening
range nml elno. In the New York coffee
mnrket for tod*jr:
Opening
It* n re. clone.
.£TO6.8ff 6.706.75
Jnnnnry .. ...
Kebranr, .. 1
M»reh
April
May .. .. ,
J une
nly
August .
ffeptrinber .. .
October
Noremtier
December .
Cloud reedy. Kale* 19,060 lmg«.
T.sjiiiio
..5.906.96
:\i.6M.7S
.A.006.90
5.706.75
5.756.80
5.736.86
5.906.98
MttS
6A6A.60
i:Si$
—ppreclnble rnlnfnlT. ,
yesterday. •• For 24 hour* ending ot 8 a.
ro., 76th meridian time.
Remarks.
Rllghtly lower temperatures prevail In
many districts.
J. H. MARBITRY. Section Director.
(On account of the telegrnphora’ strike
no reports were received from the follow
ing cities; Columbus, Gainesville, Griffin,
Newnan, Tallapoosa, Toccon. Weat Point,
Charleston. Little Rock, Memphis, New Or'
lens, Oklahoma, Savannah, Vicksburg.)
WEATHER FORECAST.
Washington, Aug. li.—IVentber condition,
and general foree.it
Thu weather condition, are somewhat un
nettled tht. morning with low prrmnre east
of the Mississippi, th* greatest depresalon
Mug In th* nt. Lawrence rnlley.
western district* nn nrn. of high prei
orerlle* the Missouri r.lley and tbe p
atatea.
Shower* hare fallen In the. Inst 24 hour*
In Vlrglntn. the Caroline* and tbe gulf
»* east of the Mississippi river. There
i also been nc*tiered .bower* In lown
•n,l the upper lake region. Temperature*
•re relatively low In the northern Rocky
Mountain region, the Mlnourt and upper
Mississippi valley*.
east gulf state*.
It will bo cooler tonight In the Ohio rot.
ley nnd th* take region; somewhat cooler In
Atlantic coaat dlatrtcta north of Virginia.
Forecast till 8 p. m. Tuesday;
Virginia—Shower* late tonight nr on Tne*.
day: not ao warm Tueadny; light variable
winds, becoming northwesterly.
North Cnmllna, South Carolina. Oenrgtn
Alsbarnn. Ksstern Florida. Western Florida
and Mississippi—Scattered showers late to
night or on Tuesday; light variable winds.
Joys of Sailor’s Life.
The alluring side of a huIIoVb life atid
also that of a marine wilt be shown at
Ponce DeLeon park thla week. The
nice, easy time that the eallora and
marines have on board men of war
will be ehown by a moving picture ma
chine. Thle Is a little advertising nov
elty of Uncle Bam to show- the people
what the sailors and marines do. Tho
show will be given Monday night and
will continue for two other nights. Ar.
rangementa have been made by naval
officers with tho management of tho
park and the picture machine will be
run by naval electrician*. Ship* In
foreign ports will be shown, together
with the life and work of the crewa.
Boefon, Aug. 12.—Following waa the bid
nnd asked price on Cleorgln Hnllway nnd
Electric Coni puny today: Aaked 83. 1’re.
ferred; 8M?83.
MINING STOCK8.
Boston, Aug. If—Opening: Utah 41, Cop
per Range 70697054. Smelting preferred 40,
Trinity 17, Mohawk 70, North Butte 5654,
Shannon 13. _
8TANDARD OIL.
Standard Oil stock today la 43 bid.
THE LONDON 8T0CK MARKET.
Atchison a* .* et ** •• a* 1
do, preferred
Amalgamated Copper ..
Baltimore and Ohio .. «
Canadian Pacific
Chesapeake and Ohio ..
Erie
do, preferred
Illinois Central
Louisville and Nashville .
Kaunas and Texas .. .
Ontario and Weatern ..
Norfolk and Western .. ..
Philadelphia and Rending .
Rock Island .. .. v .. ..
Southern Pacific
Southern Railway
do, preferred
Paul ..
union Pacific ..
United State# Steel •• •• ..
do, preferred .. .. .* ..
Wabash preferred
THE METAL MARKET.
New York. Aug. 11—The metal market
unsettled. C#p|»er weak, with a further re
duction of He In tht Md on electrolytic and
casting. Lake was nominally unchanged.
Tin was off %c for spot and nearby de
livery.
j!
Lead and spelter unchanged.
THE LIVE 8T0CK MARKET.
Chicago. Ang. 12. T Hog#-.ReceIpt# 23.<
Market strong and slightly higher; mix™
heerra 11.354,7.40; cow. ami heifers 81.400
560: starker* nnd feeders 83.46ff4.90; Texans
5.656.70183.9564.10: western* 84.3*6.
6.456.70 Sleep—Receipts 8,400. Market quiet; balk
4%
UNION
4%
SAVINGS BANK
Could Rulldlno
CAPITAL STOCK • • • 8100.000.00
RESOUROCS
8280.000.00
4%
4%
THE 8UQAR MARKET.
New York. An*. 11.-7,00*1 refined end
rnw sugar markets sternly snd unchanged.
I .nml,ui beets unchanged nt 9s 9d for August
and Is 9%d for September.
BANK STOCKS.
Central Bank & Trust
Union Savings, Lowry i
Notional. Prices on op- |
plication.
HILLYER INVESTMENT CO*
Bond Dop’t. Engliah-American Bldg.
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New York City. ,,
F. W. LAFRENTZ, 0. P. A., President.
C. E. Matmarlng, Vic* President, Thao. Coehau, Jr„ C. P. A., Sre. and Trsaa.
BRANCHES
ATLANTA—Fourth Nat*l Bank Bid*.
CHICAGO—Marquette Building.
PHI I. A DELI IA—nellevu,-Stratford.
BAN FT.ANCISCO—Balden Building,
NEW YORK—Waldorf-Aetorla.
BOSTON—Exchange Building.
WASHINGTON—Colorado Building.
NEW ORLEANS—Hannan Building.
BALTIMORE—Fidelity Building.
LONDON. ENGLAND—4 King Street. Cheupslde.
AT-ANtA BRANCH 7015-78 Fourth National Bank Building.
0. B. BIOWELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdlt, N. Y,
L. H. Fairchild. Established 1885. 8. J. Whit*
L. H. FAIRCHILD & COMPANY,
NEW ORLEAN8.
Mem bar*;
New Orleans Cotton Rxchangs. New York Coffca Exchange.
Sew York Cotton Fxcbnngs, New Orl<*nn* Board of Trads.
Xcw Orleans Stock Exchange. Chicago Board of Trade.
LIVERPOOL COT TON ASSOCIATION.
Private Wires to NEW YORK and CHI CAGO. Order# solicited for future 4#8*
«t y on above Exchange# B. C. COTK1 BAN.
ALONZO RICHARDSON & CO.
Public Accountants, Auditors anil Bank Examiners.
Audita. Special Examinations, Costing and Systematizing,
empire: building, Atlanta, ga.
FRANK HA5YKIN8, I'rnblent.
B. M. ATKINSON. VIco-FrratdenL THOMAS C. ERWIN. Ci.hl.r,
JOSEPH A. M'COItD, Vice-President. B. 55. 11 YE US, AHlstsot Chief.
Third National Bank
Capital - - - - $200,000.00
Surplus and Profits $400,000.00
OIL A. W, CAI.nOUN.
MILTON DA ROAN.
JOHN W. GRANT.
JL Y. M'COKD,
FRANK HAWKINS.