Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, August 16, 1907, Image 11

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itiHj ATLANTA GEORGIAN AND NEWS. FRIDAY. AT'GI’RT 1«. I90T. COTTON SLIOHTLY ypmmoPEiG ^'as a Slight Slump During the Morning Ses- ITRNED FIRM LATER Prominent Texas Operator Aggressive Buyer on De ficient Moisture in Texas. Xetr York, Aug. 16.—Trade at tho opening *f tlu> cotton market was quiet, but price* x'ore steady at an advance of 1 to 2 points, rim telegraph Situation appeared to lie nor- tin I There was more or less pressure front »lt traders after tho start. Later the mar* ret turned active aud firmer on aggressive toying led by a prominent Texas operator »d reports that the showers In Texus had teen too light to help the crop. During the morning session, the mn____ *• a a (airly active. An advance of a few points the first hour was followed by a .inn 11 decline, but It was recovered within jvc minutes, after which prices held steady vith only slight price changes until mid- *mU* Giles Issued her semi monthly re port Friday at noon. It places the condi tion at 73.8. against 76.8 July 25 and 76.2 fiilv 17. It Was considered^ as mildly bullish lud prices were advanced a point or two. SPOT COTTON MARKET. NEWS AND GOSSIP of tho Fleecy Staph:. Special to The Georgian. (From Hayward, Vick ft Clark.) Now York, Aug. 16W. 8. Roche ft Co.: Liverpool was due 34 points higher on Ail* jfuat and higher on later positions. ant! 5 higher « turns. At 1215 Liverpool, steady; middling 7.29. Atlanta, quiet; middling 13c. New York, quiet: middling 13.25. New Orleans, dull; middling 134- Charleston. nominal; middling 134. Wllpiington, nominal: middling 134. Norfolk, steady; middling 134- St. Louis, quiet; middling 134. Baltimore, nominal: middling 124. Boston, quiet; middling 13.25. Philadelphia, quiet; middling 13.60. COTTON CONDITION 75.6. New Y'ork, Aug. 16.—Miss Giles at noon today issued her ustrol semi-monthly cotton report. It makes the average condition 75.8, iKitinst 76.8 two woeks ago and 76.2 one month pgo and 62 Inst year. The report lays that'the situation, taken ns n whole. Is discouraging and that the crop over the greater part of the belt Is having a desper ate struggle to make anything like u nor nini showing. HAYWARD, VICK & CLARK'8 DAILY COTTON LETTER. New Orleans, Aug. 16.—In the absence of fresh developments and news of n strictly cottou character the market keens close pace with doings in Wall street. Tho public press this morulug voiced the sentiment that the worst trouble was over, good stocks were firmer this morning uud cottou f alnod n little In sympathy, leather data rom the west was too Incomplete to trado on. The official map gave only Louisiana tml the western etqtes. where daily weather conditions could hardly be better. Frc- fiurnt showers a ml seasonable temperatures have boon the* rule for the past six .weeks. The bullish Texas news Is still the main support of tho market, but the feeling among traders Is by no means ns harmo niously bullish ns a month ago. The breach It? the camp la widening dally, and only the experience that the central and eastern states are most exposed to tho prob. nhllltv of damage by fall storms and frosts prerente more aggressive showing by the l*esr element. The two factions taking a more dettnlto shape Is likely to cause greater fluctuations snd livelier markets. New York report* that the bear leader covered exten sively on this depression, which news led to buying by scalpers In,anticipation of at tempts to Improve tho selling basis, using the advance In stocks ns n lever. Trad ing here settled around 12.30 for October. The market Is In n waiting attitude. Any little set-backs brings out br A tig. 16.-' . m., was dull, but steady, net 44 higher on near and 4&44 higher on distant posi tions. Spot cotton quiet, 2 points higher; middling 7.29; sales 6.UOO; American o,^‘ speculation and export 600| receipts 4, American 3,600. i ^ Market rteqd.v, with offerings light. Our crop .a dv lees this morning any cottou is do ing wed everywhere, except southern and central Texas, where recent scattered ruins wefo insufficient. ‘The first glttpers' report will be Issued September 9 at 10 a. m., and mi the same day the government report firing the grow, fng erop at 11 a. in. Lamnrque. Tex.: “A heavy ruin . .. ere last bight, the first good rnln since lay 9.” Cicero, Tex.: “Hard rnln and wind storm yesterday afternoon; lasted an hour and was deficient. If there Is no second growth, the scasou will be over by September 15." Cold Springs. Tex.: "There have been good rains In this section during the past few day8 and a good cotton crop is cer tain.” Gonzales. Tex.: "A light shower fell. Fanners claim rain now would damage cot ton." lluhbnrd City, Tex.: "Cotton has suffeicd from drought. Mexln. Teg..: .‘‘Had n little sprinkle. About half, n crop Is estimated for Lime stone county." Lockhart. Tex.: "Cotton suffering from drought. If we do not get rain Inside of ten days, cotton will be gone." Hhortn are covering. Hardly think mar ket |g a good purchase. Sentiment veer ing around to bull side rapidly. Out of thirty-five weather stations In Tex os, only twelve- report this morulug. and of these one Is ns high ns 100 and with traco of rnln at two points only. Looks like the Price crowd putting out the cotton they bought yesterday. It will he good business If rains come In Texas over Sunday, but won't make much money If it stays dry. I feel rather against It to- following aro 11 a. m. bids: August 11.19; September 11.30; October 11.86; January 12.09. Edited by •Joseph B. Lively MARK Mr. Lively's tweoty.flra years* experience of ed iting markets In Atlanta •ml the South has mads him a recognised au thority In fits specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS PROFESSIONAL SENTIMENT IMPROVED MATERIALLY. New Orleans, Aug. 16.—Professional sentl merit, predicated upon the conn’ * cinl affairs. Improved material!' having begun to go the round worst was now n thing of the ni -- cotton market, where practically complete liquidation had taker, place, the character of the day’s buying wns of a more encourag ing order. Investment and trnde demand be ing 1n evidence throughout most of the see sion. .Sentimental Influences have undoubt edly played the big part cottonwlse recent ly, though the practical illustration had seemingly Is now Inducing the talent to think that Wall street has lost Its once (masted control over the country nt large. We are on the eve of marketing our four groat crops—cotton, rice, grain and sugar— mid ere another twelve months shall have passed will have received somewhere in the neighborhood of $1,500,000,000 therefor from our foreign customers. Thus big crops *»ir trig requirements in the cud rob the specu.t tlve denier - in the nnthm’s stock.i and bonds of much of the power that was his In tho days when the Interior wns more dependent upon the nuctloncer than It Is now. Pes simism from Liverpool, born of the fact that the Bank of England discount rate had been advanced, and heenuso there has been xls.nt Manchester, ... _ Egyptian-business comptlcntlons, attracted but passing atten tion. the local talent believing the sold-up condition of foreign mills to lie the best barometer of coming raw cottoi • ft Clark. ATLANTA MARKETS. FRUIT AND PRODUCE. iiiyers.. New York, Aug. 16.—The cotton market itlnues to fluctuate within narrow limit I trading is confined to the pit eiemenl e disturbance Jn the stock market having •n allayed somewhat, there Is displayed desire on the part of the trading element long of cotton on the actual conditions Miss Ci __ compared with 76.8 on July 25 nud 76.l July 17. This was given a bullish Interpre tation by the room crowd and prices ad vanced slightly. The opening ruled better on higher cables from Liverpool, but some li'iuliintloti nt the opening freed prices of several points. Texas points clear and warm. We look for a quiet and firm mar ket ami would buy on dips while the stock market continues to show Improvement.—J. 8. Macho k Co. SLIGHT DECLINE IN PRICES NO CAUSE FOR UNEASINESS. Net York Commercial: In the cotton flail no immediate cause for uneasiness be cause of the recent revisions which have been made. These have' come lu cause- quern#* of market conditions that are fully understood by both buyers nud sellers of 7" nix, oud no amount of urging on tho part "f buyers Is causing a precipitate break In values. The revision comes more in the way of a readjustment to meet a normal condition in the market, the price of. most .'ariis having worked up in April. w ~ JUjiin nnd. July to nbnormnt values. he# May. b»*r§, in oome Instances, the revision has '"’"it le, but oil them* counts the mills are * , 1 °*d ahead, and the quotations for near-by delivery are largely nominal. On Southern •fidRl* skeins 10s to 12s are quoted from 134 21c, and 16s are quote#I at 22c, nud SO* fb"'v no decline over the earlier quota- n, »as of this week. while buyers show no eagerness to In- their holdings on weaving yarns, trn-re Is some business passing on the ho- ! ‘b;ry yarns, and on these in consequence prices are not breaking. It Is stated that !(jr Price revision which has take# place this week has affected fine yarns to a Rrenter extent than the coarse numbers. On s -'»dn* and wurps the reduction* have come : ' H nn Incentive for buyers to do a little more forward purchasing, und some agents n tills city declare thnt they have sue- ••ceiled In gettlug more business since iiam- !'** their new quotation*. Most wearers. However, are millions nt present as to what ''jyr** the staple, nud consequently yams, *«« tnke for the future. rh<* reports from l’hlhidclphlii show that •h'* market there is going along In prnctl- I'"*!/ the same line ns la New York, with- ir.-oiinp, if anything, flatter. Oil Eastern j-arii.Hi peeler cops and tin warps, especially •u counts from 30s up, prices have been EGGS'-Actlve, 21c. LIVE chickens —. -- r — 80c each: ptvldic, 25c each. Turkeys, active# 124c per pound. PRESSED POULTRY—Turkeys, drawn, active, 18 cents pound; fries, active, 20c pound; hens,15c per pound; ducks, drawu, fancy, 15c pound. PRODUCE—Lard, 12c pound; hams ac tive 16c pound: shoulders active lOOllf pound; sides active, 11c pound; butter dull; lOfilZttc pound; bceawax active, 25c pound; honey, bright, active, 10c pound: honey la * pound blocks active, 124c pound! FRUITS—Lemons, fancy Mcssena, $5.50; bananas. 34c lb.; Pineapples, Florida stork, none; limes, Florida stock, per hundred. II; peanuts in sacks averaging 100 pounds each, owing to grade, per pound, 6498c; cantaloupes, slow sale, 75c crate; watennel ohm, 124920c each; Georgia peaches, $2,250 2.50 crate; rhubarb, 76c each. VEGETABLES—Potatoes, new,.$3.75 bar rel; per bushel. $1.40. Onions, Georgia, $1.60 per bushel: Spanish. $L50 crate; kraut, half barrel, $3.75; cabbage, 24c pound. fancy head „.. EE8E—Fahey fill 1 ’cream. 17 cents; Georgia cane syrup 17 cents gallon; salt, 100-pound, 50o; axis create 61.75; aotta crack ers, 64c pound; lemon, 8c: oyster. Tc; bar rel randv. per t#ound, Wfe; mixed, net 8-nound. 64c; tomatoes. 2-pound. 62.00 case; 8-pound, $2.25; navy beans. $2.35; Lima beans 64c; best matches per gross, $1.65; macaroni 6497c pound; surdlnes. mnstnnl, $125 case. SUGAR—Standard granulated. 54; New bulk .. Iran mol t»rr,l, lie: green Italic. Shredded blKU'.t SB No. I rolled oil, nifi ease: Back grlta. M-pound her,. II.*: 0T,tera. Suit weight 12 «■*: Itgkl welfbt H.W caae; pepper, lKo lb.; baking powder IS caaa- red Batmen, 13 caae; pink aalmon. 11.11 eeee: toron. die; ch«colnte, 13; enuff. Mb. lara. 4«e: roeel beef. 12.90 ran., corned beef, l-W raee: cnt.ni>, II.W caae; elmn, New Or ison*. Kc gallon; corn. *0c gallon; Cube uottah. MKffJ.SO rora (.ply cotton. 11c: eoap. II.' 41 case PROVISIONS. pnoviHIONR—supreme bema l*He. belli*, tnBSC Iiounda average. 9.MH: fnt txieka. 9.29; Supreme lard, Kk. Purity compound, «4- i-nllfori'.lx buina. 10c; dry anil vxlra nlm FLOUR AND GR*'V FI.orn-ll1gl>eat patent. 18.73; tieat pet- .... fif-i; etnndird patent 94.59; half pat ent It 65' aprhie wheat patent. 94.00. CORN-No 2 White, flc: choice white, me- No. I yellow 79c; mlaml. 75c; Cracked cyrn ^IIWKKf* FEED—Fifty-pound eorka n.00, Pnnla ehlek feel *2; ' I' lxr fowl |1.40. OATS-No. 2 white. 05c: No. 3 mixed C3c; Ooltlen oat, 02c: white clipped 07c; fancy whit«» clipped 68c. MEAIy—Plain, per 96-pound sacks, 78c; 48- 148ME OP STOCf. Amal. 1. C’oppur. . . . . Ice Becuritlcs. . . Am. Sugnr Refinery. . Auicrlcau Smelting. . Am. Ixocointlve. . . . do. preferred. . . . Am. Car Foundry. . . American Cottou Oil.. Anaconda Atchison do. preferred. , . . Atlantic C. Lius. . . . Brooklyn Rapid T. . • Baltimore X Ohio. . . Chesapeake ft Ohio . . Canadian Pacific. . , . Chicago ft Alton. . . . Consolidated Gad. . Central Leather. . . . do. prefer red. . . . Colorado Fuel ft Iron* Corn. Produce Colorado Southern. .. Delaware Jt Hudson. . Denver ft Rio Grande. Distillers' Securities. . Erie „ do, preferred. . ... General Electric. . . . Great Western Great Northern pfd. . Illinois Central Iitterboro ^ do. preferred. . . Kansas ft Texas. . , . $4 NAME OF STOCK. JCanios X Texas pfd Louisville ft Nashville. ... Missouri Pacific Mexican Central New York Central Northwestern, , . ...... National Lend. . . , Norfolk ft Western •Northern Pacific. ....... Ontario ft Western. ...... Pennsylvania , Pacific Mali People's (ins Co . Pressed Steel Car Rending Hock Inland . • • . do. preferred, , ,.•••. Republic Irou ft Steel. . . . . do. preferred Southern Pacific Southern Railway. do. preferred. . ...... St. Paul Tenn. Cool ft Iron. .*•••. Texas Pacific. . ^ . Union Pacific • . U. S. Rubber . • . . do. preferred. . .,•••< U. 8\ Steel do, preferred Western Union, ........ Wabash • • . . do. preferred . , Wlsconstn Central. . do. preferred 1® 60% 3?" TIPS FLASHED From Woti Street. 1«4 Total atorF wlfTfixlay- Itl.ftO ahumx NEWYORK. .owing la the rai tura. lu New York twt.y; Oi-t. . . Nov.. . I)ec.. . Jan.. . Feb.. . Mfirch. May. Illl S 32 ' pair 11.:'. II. . .111.24111.24 . .11.3611.46 . .11.1211.95 CToacil barely atcacly. I it 11.90-91 12.01 12.00-01 i2.mz.mi ■....13.12-14 m|#fi|1l.34-35 11.93» 11.93-95 12.01-02 12.12-1$ 12.14-15 12.21-23 12.81-33 LIVERPOOL. Following Is the opening ranee, 3 p. m. and closo, compared with yesterday: Futures opened steady. Opening Previous Range. 2 p. m. Close, dost'. - ** 091 6.91 6.90 6.864 1.79 6.78 4 6.78 6.744 Sept.-Oct..,. 6.62 ’ 6.624 6.614 6.584 Oct.-Nov.... 6.60 -6.59 6.59 6 58 6.54V, Nov.-Dec..,, 6.56 -6.554 6.56 6.65 6.61V i iloc.-Juu.... «.M -0.34Vi 6.54V4 e.54 J.tOVi Jan.-Feb.... 6.55 -6.64 6.54 6.53 6.49Vi Feb.-March.. 0.66 6.50V i March-April.. 6.57 Aprll-Mny... 6.58 Closed barely steady. NEW ORLEANS. The following Is tbs range fn cottou fu tures In New Orleans today: Oct. . Nov.. . Dec,, , .Inn.. . Feb.. . March. mm 12.55 56 12.23-23 il TmvT 12.65 12.31-32 12.25- 29 12.26- 27 12.33-311 12.28-3QI12.35 I 12.86 37112.45-46 NOTES ON GRAIN. Pointer# on Provigion* subjected to a revision of a cent a pound all round, and at the new figures, It Is stated by agents, they should now engage the at Prink Cloths Are 8carce. In the print cloth market It was learned from cotton good* brokers that mills are now more Indifferent than ever to hooking forward business on regulars or narrow goods. The 28-Inch standards are 54<? for delivery up to January and on 25 and 27- Inch low count goods prices ora on this Special to Tho Georgian. (From Hayward, Vick ft Clark.) Chicago, Aug. 16.—Bartlett, Frasier ft Carrington: Wo still believe thnt wheat is a purchase every time It goes below 90c. Heavy rains fell throughout Illinois ami Indiana. This will tend to further deterio rate the quality of wheat and oats, which are largely yet In the shock. Tills rain Is not needed for the corn crop In the Mis sissippi valley and w|!l tend rather to re tard Its ninturlty than he of any benefit. Tho quality of the oats certainly will not ho Improved, and v.e still believe In much higher prices before the crop year ends for onts. The Chicago Evening Post: Finley Bar- roll ft Co.’s crop expert, George 51. Le- Count, wired from Fargo. X, Dak., under date of August 13, as follows: "Weather cool, favorah’e; think what uninjured wheat there Is on hlg'i laud flue; crops good from Lisbon here." Wrltlug from Lisbon, N. Dak., he says; "The weather for the Inst few days has been very unfavorable tot filling wheat. I«ast Saturday It was *“ *“ the shade, but'there wns a strong blowing, and I do not think the crop wns fujured much; at least It does not show any damage ns yet; but In South Dakota I am afraid the grade will he Injured liy the ex treme hot weather. The weather turned cool ngnln yesterday, and It Is cool and favorable today. Crops are In good condJ- tlon here and will make a good average rop.’-' The following letter, under date of August t, from Captain Phillips, of Newton, liana., i Bnrtlett-Frnxler: 'The telegraph opera tor anld ho could not get a message through and I write you Instead. The thrashing Is about completed In this section, and the movement will t*o over sooner thou I ever saw before. The weather the last week has been so hot—over 100 every day on my porch—and I am afraid the corn Is badly hurt, ns the ground Is dry, hut can't tell how much. The farmers 1 have talked to msen iw msi ingiu nuu many, ai of hard and red winters—say about half of red wheat." Following to Jackson Bros, from Northern Elevator Company, Winnipeg: "Our market nt length gave way to the continued decline In yours. Our crop condl tlons do not warrant this decline. Th* crop Is very late, and every day the Inst week was more or less ut.favornfde. to say nothing of hailstorms which knocked out thousands and thousands of acres. Weath er Is cool and quite opposite to what we ought to have for maturing the cron." To Ware ft I.c!nml. from Des Moines, Iowa: "Max Patton, of State Center, Iowa, advises ns of field of 14Q acres of onts WHEITOPENED STRONG! CORN ANDJATS FIRM Rush Was General to Buy Wheat, at the Open ing. fair samples of ... Bradstreet's report soys: "World's avail able supply of wheat Increased 4.900,000 bushels. Last year there was an Increnao of 783.000 bushel*. Wheat east of Rockies In creased 1,440.000 bushel*. Afloat for and In Europe Increased 3.300,000 bushels. Com de creased 2.491.000 bushel*. Oats showed n de crease of 1.315.000 bushels. Last year wheat cast of Rockies, Increased 8,183.000 bushels. Europe and afloat decreased 2.400,000 bush* els. Corn last year showed a decrease oi 1.040.000 bushels. Oft ft Increased 1,306,009 bushels/ THE COFFEE MARKET. Tho following figures give the opening range and close lu the New York coffee market for today: _ . Opening Range. Close. .5.80-5.90 5.904.86 January February .. .. March April May .. .. .. .. June .* July August September .. .. October November'.. .. December .. Closed steady. 6.80-5.86 6.90 5.85-5.90 5.90-6.00 5.90-6.00 6.06 5.63-5.80 5.10 6.7BA.86 1.71-5.86 6.65 Rales 54,000 bags. 5.80- 5. S3 6.80- 5.90 5.85-5.90 5.95- 6,00 6.96- 6.00 6.00-6.06 5.755.86 5.75- 5.80 6.75- 5.80 5.73-6.80 6.80- 5.86 COTTON SEED OIL MARKET. _ >rward delivery by cattem-up and converters. There Is more doing <>n twills and sateens than on the earlier days of the week and prices on these cloths are unuaually firm. HAYWARD, VICK & CLARK, COTTON, 8TOCK8, BONDS, COFFEE, GRAIN AND PROVI8ION8. C.rond.let and Gravl.r Sta., N*w Orleana. MEMBERS; 5*w Ortrans Ciwu* Kirh.i.xe, . N<» Orl«in< Fjtor* J;*» \ork Cotton Kiotuom, New Otltaoa and <-bl«a. Boarta a* Trad., {•-••'cxteB Cotton Excbaiix., Nf* York Coif.. Exek»ax». Houston Cotton Kxchxnai*. Rai AMorlnt. St.mlj.rs Mv.rpool Cotton An v'«r York nod Chlraffo CorrMpondonts: J. 8. BACHE & CO., AND BARTLETT, FRAZIER & CARRINQTON, PRIVATE WIRES TO ALL POINTC. Following I MLVr August, , . Peptetuber. Oetoiler. . . Noveml»er. . December. . January. . . pound sacks, 66c; plain, 24-pound sacks. t2o; *7tAY~Tli>'olh,. .holm, lire. Ulu. tLW; >. choice small bales, $1.3u; No. i, one- ?hfnl C "bal*n,'it.*: JCoT - *.' on. fhlrd'’tal»i, II If; .h.'lf. oralrl*. *1.00; Uormndi. U.10. noaod; tro-it 8c pounds bine fish 7e pound; rompeno. 2Qc pound: mackerel. 124c pound; l a*b. Sc'pouud; fresh water trout* 6c. ChlcagA, Aug. 16.—Wheat opened firm this mnrntug with an advance of lc over yester day’s closing prices. There awa a general rush to buy nt the opening, with shorts covering freely nud fairly good demand from some commission houses. Firm Liver pool cables, higher curb nt Minneapolis, to gether With hall storms lu thnt section and small receipts, wore the.features. Corn was strong and about 4c higher, rtnclpally Influenced by whent. Offerings ere light and local trnde only fair. Onts were strong and 4c higher with a good general demand. Commission houses were good buyers on rains throughout Illl nols and Iowa and unfavorable reports on threshing returps, together wltlwgood cash demand: Provisions, were rnthor quiet without much chnnge. There was more or less pressure on wheat during the Inst hour of today’s trading, nud a sharp decllns wns tho result. lower; coni ligher and pro- WEATHER REPORT. WEATHER CONDITIONS. The high area lias moved east In tho Inst 4 hours, closely followed by the north' ern low area. The former 1* central ol .. north Atlantic const, while the latter Is over the grent lakes, where It has devel oped considerable energy. It Is causing general rains in the vicinity of Its ceuter. Cloudiness prevails over tho country north of the Ohio and In North Carolina, Georgia and portions of Honth Carolina. Showers Unvo occurred nt a number of statluns In the eastern half of the cotton belt, while In the western districts dry weather continues. The temperatures at most stations has remained practically stationary. The prospects are fdr showers In this sec tion tonight nnd probably Hnturduy, with but little change lu temperature. COTTON REGION BULLETIN. CHICAGO GRAIN MARKET. Following are the Chicago grata and pro visions quotations for today, compared with yesterday's closo: Prevton* Open. High. Low. Close. Closo. Sept. Dec. May Dec.... May.... OATS Sept.... ’.... nil 97H 0374 M74 II I W4 ’ *54 Dec.... May.... 454 PORK— Sept.. 16.06 LARD— Sept... 8.924 Oct... 9.024 SIDES-***. Sept... 8.r sa 464 46 404 16.06 8.974 9.074 8.76 54% 614 6$4 sa r «74 «7i 4674 11.3274 l5.S274 I6.0S 8.1774 8.00 8.9774 8.9774 9.00 9.0274 8.8774 8.8774 8.824 8.67 4 8.6774 8.70 LIVERPOOL GRAIN MARKET. Wheat opened 4 higher and at 1:30 p. in. 4 higher. Corn opened quiet 4 higher nnd nt 1:30 p. m. 4 higher. CHICAGO CAR LOT8. Wheat.. .. ,i Corn Onts Hogs, head.. i for tomorrow srs at Today. Tomor. THE LIVE 8TOCK MARKET. Chicago, Aug. 16— flogs— Receipts 14.000. Market steady; light begs $6.2066:224; mix ed $S.80f(6.25; rmigh $5.45^5.75; pigs $5,500 6.40; yorkers $6.56616.60. ^ Cattle—Receipts 3.000. Market slow and steady: beeves 64.35417.3S: cows and heifers $!.30<q6.4O; Texas steers 63.75^6.10; Stockers and feetlers 6160^4.9>). 8hrep—Receipts 5,000. Market weak; na tives $3.25426.50; western 63.5005.70; year lings 70fijt5.52; lambs $5.»07.4O; western lambs f5.2S4y?.40. 4% UNION 4°J< SAVINGS BANK Gould Building CAPITAL STOCK • • • SI00.000.00 Mn T m \ RESOURCES - 0/ 4 /0 <260.000.00 4 /O STATIONS ATLANTA DISTRICT. Atlanta, cloudy. . . ’Chattanooga, cloudy Columbus, dear. . . ••Gainesville. . , . Greenville, cloudy. . , Griffin, cloudy. . . •Macon, cloudy. . , , •Montlcello, cloudy. ••Nswnnn Home, cloudy. . . , , •Spartanburg, cloudy. ••Tallapoosa Toccoa, cloudy ••West Point Temparatura. Ma,.* Min.** NI 68 87 • * 93 72 80 80 8 63 f 70 90 69 75 66 73 65 f{ li-hour Milieu, Gn„ 2.00. CENTRAL STATION. DISTRICT AVERAGES. Tempers turf. Atlanta. . . ,| 7 M S .82 Asgustn. , Charleston. Galveston. Little Rock. . „ Memphis. ... 11 90 72 Mobile Montgomery. . New urlenus.. ••Oklnlioum . . Savannah. . . Vicksburg. . , Wilmington. . ' T. ludlcatiV liiappreclahta' rainfall. • For yesterday. •• For 24 hours ending at 6 u. t., 75th meridian time. Remarks, Tho temperature bus fallen in nearly nil districts the imnt 24 hours. Tho heaviest preoipllutlou uns been In the eusteru din tricts. J. B. MAH BURY, Section Director. WEATHER FORECA8T. Washington, Aug. 16.—Weather conditions nnd general forecast: The disturbance central Thursday morn ing In the Dakotas has developed somewhat, nud now extends lu an easterly und wes terly direction along the northern Imrder from the lower lakes to tho upper Mlsals- ilppl valley. * * .Hissing off to . and middle Atlantic coasts. Rnln Is Indicated for tonight and Sat urday III the middle Atlantic states and the lower lakes region. . In southern dis tricts scattered showers are probable Satur day, although no general rnln Is Indicated. Virginia: Rnln tonight and probably Sab — wnrmr- *— *— w —**• * winds. .North Carolina: probably Saturday: »»■■ ■»,»», iuwbui §•» northeast portion; fresh southeast to south winds. South Carolina and Geofgla: Fair on tbs const; showers lu the Interior tonight and Kntnrilny; light to fresh southeast to east winds. Eastern Florida: Partly cloudy tonight nnd Saturday; light to fresh northeasterly winds. Western Florida nnd Alabama: Generally ..tlr tonight nnd Saturday, except showers in northern Alabama Saturday; light north east to east winds. Mississippi: Fair tonight and Saturday; light southerly winds. • Tennessee snd Kentucky: Occasional ALONZO RICHARDSON & CO. Public Accountants, Auditors and Bank Examiners. Audits. Special Examinations, Costing and Systematizing, empire: building, Atlanta, ga. liquidation overhanging lie n Ho wed to run fr*'course with suffi cient support from time to time by bunk ing Interests to prevent demoralisation <>s far ns possible. Such failures ns the one nt Hartford will clear the atmosphere even tually, hut the belief that there are many more weak places in the industrial fabric leads to conservative Ideas on the part of the larger Interests as to the possibility of creating a permanently Improved mar ket for securities. Attorney- General Bonaparte now loti* mates that the Alton prosecution will go on, nnl It Is hard to »ee what Mr. Taft or Mr. Roosevelt ran aay nett week thnt will entirely restore confidence. Ilhuk statement prospects arc favorable, but money on time continues almost Impos sible to obtain. Good stocks are too cheap to sell short and may be bought for perma nent Investment, but the trader should buy on breaks nml take profita on such a S ns occurred yesterday, which will y continue today. Far-sighted Investors would buy the grains only for turns on MONEY AND EXCHANGE. New York, Aug. 16.—Money on call 24 6f3; time loans firm; sixty day* 64164; “ J 6 per cent. 4.W84 for sixty day bill*. Prime mercantile paper unchanged. London bar 3U3-16d. New York bar sil ver 694c. Mexican dollars local'STOCKS AND BONDS Rlllysr Investment Co. says: The demand for investment securities (s still very light, reflecting the uncertain condition of the money market. Some Inquiry Is noted for Atalnta bond a and other standard municipal Isstiea, but sales are smnll In volume slid no recovery In prices Is ns yet reported. Tho placing of the ahort-tlme state loan nt 2 per cent with local bank* had a good sentimental effect. Considerable Improve ment Is looked for as soon us tho money conditions In Fn stern market* become more favorable. Private Investor* are already absorbing good securities at the present tavel In anticipation of such Improvement. This demand will doubtless Increase consid erably during the fail mouths. Georgia railroad stock seems to have about reached Its low level, and some de- ••mild Is reported. The effect of pending legtslstlon upon the Central of Georigu income bonds has Im*«ii scarcely appreciable. Central Railroad and Banking f,s are selling at a new low record and seem to us a goo*I jnirrhase at the price. Atlanta Brewing and Ice has naturally Buffered a huge decline, owing to the nt- ceiitly enacted prohibition law. Thu best obtainable quotations are 60 hid, 80 asked, no sales. (Revised by Ulllyer Investment Company.) Atlanta ft West Point R. It. 1004 *£74 Atlanta, Birmingham aud A.. 19 :>34 do, preferred Augusta Factory 'jru Central Bank and Trust C'orp. 130 1324 Imposition Cotton Mins .... 220 . Fourth National Bank 210 Ga. R. It. and Banking Co.... 240 241 Ga. Ry. and Electric* 80 S do, preferred .. Seaboard Air Line 10 *15 do, preferred 194 30 Southwestern 107 ** i$i* Georgln 44e. 1915 coupon 1064 l(M»4 1 do, 34. 1939, reg 104 Dixie Cottou Mllia 1st mfg. is. 9S 101 Ga. It. It. nnd Itkg. Co., 6a.. 102 103 Seaboard 4s. 1950 „ 68 714 Thursday Better Sentiment Was Continued Fri day Morning. THE SHORTS NERVOUS They Covered Freely Early. Sentiment Still Lacks Robustness. the demand from nn over-extended short ac count would Ik* enough to counterbalance the distribution of stocks by tho large In terests who put supporting orders In at low prices. The market accordingly felt Its way very cautiously. It opened up following a higher range- for American Issue* abroad mid gained more ground during the first hour. The rise wns then halted Tiy a heavy fall In Allls-Chnlntera stocks, which wns ac companied by alarming rumors regarding the credit nnd financial standing of the company. These stories met with prompt denial from official sources, and when these stocks rallied nil advance III tho general list wns resumed. The volume of iiusluesa at rising quotations was, liy comparison with the previous day s, very light snd by reck oning of those who Judge mainly by techni cal uidlentiona this wiis not an altogether favorable .sign. Nevertheless there was no further pressure on stock* for sale and the knowing niuoug the shrewdest operators of tlm stock exchange were Working for ft fur- “ |—very. of a continuance of the better senti ment developed yesterday. Gains of a point or more were scored by Union Pacific, Northern Pacific, Grent Nml hern preferred, Hinelilng. Consolidated Gn*. Atchison, Brooklyn Itnpld Transit, and New York Cen tral. Covering of shorts appeared to bo largely ivspousHde for the rally, and after the first ten minute*' dealing price* showed something of a reactionary tendency. The recession, however, did not extend tie/oud fraction*. Sentiment still lacks robustness and rumors of further industrial trouMe tended to make trader* somewhat cautious. Closing bids for the active Hat of stocks follow: Atchison .. 85 7-8 do. pref .. 90 3-4 Baltimore & Ohio .. .. 88 1-4 “ " • .163 ..140 1-2 .. 22 8-4 .. 23 1-4 .. 20 ?-8 ..132 ..105 .. 16 3-4 .. 66-7-8 ..101 1-8 ..116 .. 87 5-8 18 3-8 THE LONDON-STOCK MARKET. STOCKS- Anaconda Atchison •lo, preferred Amalgamated Copper Baltimore aud Ohio CIionapenke und Ohio Cnnmllnn Pacific Erie do. preferred Illinois Central Louisville and Nashville .. .. Kansas and Texas do, preferred Sew York Central is/ivnnla ,. .. ,, - rfo nnd Westorn Norfolk and Western .. .. ,. Philadelphia and Reading ,. Rock Island / ,. Routhcrn Pacific $ .. Southern Railway do, preferred 8t. Paul Union Pacific United State* Steel do. preferred Baron Rosen, the Rnsatnn nmhossndor .J Washington. Is olic of the lltte.it piano player* In Washington. When a youth he studied music in Paris under the finest teacher*. He nnd l!nderew*kl. the grent Polish pianist, are warm friends, having been drawn together year* ago by their mu tual love for the piano. Canadian Pacific Chicago ft Northweatern.. Denver & Rio Grande.. .. * do, pref Illinois Central Jarney Central Louisville ft Nuahvillc .. Mexican Central Missouri Pacific New York Central Pennsylvania Reading Rock Inland .. .. .. «... do. pref .. .. 42 St. Paul 120 Southern Pacific 81 1-3 Southern Railway 16 1-2 Union Pacific 128 3-8 Wisconsin Central .. .. 13 1-2 Interboro Metropolitan 10 1-4 do preferred 23 1-2 Great Western 116 1-4 Amalgamated Copper 68 American Car foundry 17 American! Locomotive .. ... .. 61 1-2 American Cotton Oil 76 American Smelting 80 1-2 do preferred *.. 92 8-8, Brooklyn Rapid Transit 96 1-4 Colorado Fuel and Iron ... ... 42 International Paper 28 1-8 Northern Securities 70 Pacific Mail 44 Pressed Steel Car 24 United States Steel 30 do preferred 92 1-8 Western Union 76 Virginia Carolina Chemical..., 21 ' MINING STOCKS Boston. Aug. 16.-Opening: Greene-Cnn* mien J24. Cmumet-llocla 73), fihnnumi 13.? La Halle 10%, Copper Range 634. Itatt< Coalition 17%, North Butte &%. Market It Strong. GEORGI/TTTaILWAY AND ELECTRIC COMPANY. Boston. Aug. 16.—Following was the hid nml asked price tm Georgia Railway nnd Electric Company today: Asked 83. Pre-' ferred, 88 asked. BANK STOCKS. Central Bank & Trust Union Savings, Lowry National. Pricea on ap< plication. HILLYEE INVESTMENT CO., Bond Dep’t. English-American Bldg. THE AMERICAN AUDIT COMPANY Tlome Office, 100 Broadway, New York City. F. W. LAFRENTZ, 0. P. A., President. C. E. Mamssrlng. Vic. Prciid.nl, Th.o, Cocheu, Jr., C. P. A, Sro. and Trill BRANCHES NEW YORK—Waldorf-Aatorla. BOSTON—Efchanff. BulMlne. WASHINGTON—Colorado Hulldlof. NEW ORLEANS— Il.nn.n Building. BALTIMORE—Fidelity Building. ATLANTA—Fourth Natl B.nh Bldg. CHICAGO—Marriu.tu Building. PHILADELI IA—Bell.ru.-Strafft»r* BAN Fr.ANCISCO—B.li.p Building. LONDON. ENOLAND—4 King Street, Ch.ap.ld., ATLANTA BRANCH 1013-13 Fourth National Bank Buildlnj. 0. B. BIDWELL, Bssident Manager. Tal.phon., Main 872. Cable Address. Amdit, N. Y. L. H. Fairchild. Eatabllxhad 1885. S. J. White. L. H. FAIRCHILD & COMPANY, NEW ORLEANS. Members: l i* w 9^"* C«tt«i Exchange, New York ColTr* Erehnnr* '.** y, 0 ** Cotton Kxeb.nce, NVw Orl^nn. Board of Trade, Vew Ortroox block Exchange Chicago noonl of Trade. LIVERPOOL COTTON ASSOCIATION. Print. Wire, to NEW YOUK and CUICAOO. Order, •ollclted for futnr, d«U*. « » oa abor. Exchanna u. C. cot HE AN. FllANK HAWKINS, Itraldrnt ft. M. ATKINSON. Vlce-1'mld.BL TIJtlM.'N C. ERWIN. Chirr. JOSEl'U A. M'COItD, Vtra4T.aM.at. B. W. UYEII8, Aaalitaot Cblra. Third National Bank Capital .... $200,000.00 Surplus and Profits $400,000.00 DR. A. W. CALTIOUK. Mir.'I ON DAUGA& JOHN W. GRANT. II. f. M’COUD. FRANK HAWKINS. IL AI. ATKINSON. 0 j»»^; i *'i i j. n. nunnai.lt. J. CAlUtOl.I, PAYNB, i: u uos.skr, DAVID WOODWARD.