Newspaper Page Text
—I—,—
111
liiii A i xA
(VJ i .US AiO/
FUTURES LOWER
OK EASIER CABLES
Good Demand for January
Later Which Steadied
List.
PRICES WORKED UP
Trade Was Very Dull With
Prices Slightly Higher
at Noon.
Xcw York. Aug. 20.—The cotton mnrkct
opened lower In sympathy with cables, a
*ood demand for January developed from
room shorts and operators looking-for
I turn in the *“ II
_ „ mrket, which erentlnlly ad
vanced that option from 12.03 to 12.63. nud
steadied up the whole list to within a
point or two of last night.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
' lProm Hayward, Vtck & Clark.)
New \ork. Aug. Bartlett. Frazier
Carrington: Liverpool was due to co
I'll 2 points down. Opened 1 point down. At
12:15 n. m.. 1%®J points down. Spot T
points lower; middling 7.24; snles 5,000 bales,
nation and export 1,000;
American 4,500; up
"Everybody who can't get hurt by It Is
crnzy for a panic," aalil M. H. Thomas.
he can get hurt nro off yachting,
Those wnc can go. .— u>u
nutomolilllug or In Europe. Panics coiuo
from clenr skies; stocks, cotton and wheat
ought to be bought now. The disease has
run Its course. In iny opinion."
Cotton opened a trifle lower on scattered
liquidation by commission houses, but the
demand for January at 12c chocked the de
cline. Market featureless.
They are trying hard to put January
better this morning,, ns the map shows
no rain In Texas. Do not see much In It
either way, though It January goes under
12c may have temporary bearish effect.
Cotton tinner on baying by Now Orle
and by Schlll and Freeman. No news.
Following aro 11 a. in. bids. August 11.75
Soptcmlwr 31.23; October 11.80; January 12.03
March 12.13.
Do not see much In cotton. £
Interest small, mostly shorts an_
own the contracts. Looks like * cooler
weather and rain coming in Texas, and It
Is bard to bull anything with Wall stpeet
so rotten. Would not buv It.
On the Texas weather detail only fifteen
out of thirty-live stations report, and at
three of these maximum temperature wn
100 ond over, with no rain at auy of tui
•,dints higher, due chiefly to expectations
of a bullish weekly weather report, to bo
Issued ut noon.
Promptly at noon the report was Issued
and It fully met expectations so for ns
Texas, Arkansas and Oklahoma were com
centra.
Following Is the summary;
above normal throughout the cotton
rlon, except that nearly normal temperature
- II..I .. *1,.. itiita Km! A tlnntin fr'inata
prevailed along tho gulf and Atlantic .coasts.
The greatest excess was 405 degrees over
Arkansas and Oklahoma. The ralnfiill
was unevenly distributed over tho cotton
region during the week. No rain Is re
ported from Oklahoma and no rainfall iu
except In two or
scarred generally over tho central and
eastern portions of the cotton region. More
than 2 Inches of rain fell at a few places
In southern Louisiana and there were 2 to <1
Inches over western South Carolina and
eastern Geoi
astern Georgia.
Trading continued very dull, following the
publication of the weekly weather report,
and prices worked stendlly downward, the
closing being quiet and steady net un
changed to 2
points lower.
8POT COTTON MARKET.
Liverpool, barely steady; middling 7.24.
Idling 13.25.
Galveston, firm; middling 13%.
Charleston, nominal: middling 28%.
Wilmington, nominal; middling 43%.
Baltimore, nominal: tnldd%c 12%.
Boston, quiet; middling 12.25.
Philadelphia, quiet; middling 13.65.
Mobile, quiet; middling 12%.
Houston, steady; middling 13%.
Cincinnati, nominaL
INTERIOR RECEIPT8.
HAYWARD, VICK A CLARK'S
/, V Iwlt » \/urwu\ w
DAILY COTTON LETTER.
New Orleans, Aug. 20.-Thls prom aca to
bo another harmless day In cotton with not
enough fluctuations eten to give ecalpers a
chance to boast or complain of good or lmd
luck. Stock nows caused a few points
change now and then, but tho feeling Is
getting pretty blunt toward this kind of In
fluence. There was no official weather data
from tiie western half of tbo belt and tho
„„„ the result
that It remained steady but very dull. Oc-
toiler stayed between 1120 and 1125 for
hours. It la n typical waiting nffnlr. Many
valid reasons can be found In favor of no
advance, but there Is no leader and llttlo
willingness toward active enterprise before
tho substantial help from spot cotton has
set in. On the other hand, bears are disap
pointed over tho little effect of prices by re
cent antl-bulllsh developments, but find the
risk of storms and frosts too great a one to
take so far In advance of their probable oc
currence.
Texas la always a free seller whcn^tlio
crop Is largo In that stato. but tho un-
usually good economic conditions of tho
farmlug class In the west mnke producers
there equally stubborn wheu the crop does
uot turn as expected.
Texas papers are full of reports that
fanners already mnke free use of the ware-
housing and banking facilities to hold back
their produce.
Mr. Taft's opening address Is favorably
commented upon and should have a re*s-
plnroK reporting.
New Orleans. Aug. 20.—Hayward. Vick
& Clark: Market opened 305 down. Un
decided owing to lack of Information about
owing to lack of Information about
the weather. 8ome Belling In anticipation
of rnin In Texas from the cold wave, but
nobody knows anything positive.
Map shows generally cloudy In north Tex
as. Arkansas: cold wave coming lower
down, and will very likely cause rains In
Texas. Government weekly report nt 11 a.
m. expected to be bullish on Texas, but be
lieve market will sell off on prospects of
rain In Texas.
Dallas. Tex., wires: "We have had no
rnin. They sold market down on rain nt
Houston. They muat think that section
raise* the major part of Texas cotton. Tho
beat sections of the state have suffered the
most.
the
„W
crop practically burnt up. In others tho
plant Is small and weak, and Is shedding nil
fruit, and the crop being a month late, an
average frost will mean a disaster."
GOVERNMENT WEEKLY
REPORT ON WEATHER.
Alabama: The mean temperature was
slightly almre normal. There, was abun
dant sunshine, the rainfall was unevenly
In
scattered districts, but deficient In mauy
middle and uorthwestern counties. The
rainfall was mostly from thunderstorms,
which caused high winds and hall In some
places.
latter part. The annshlue was ample.
i no marked changes. There was
shine. Scattered showers occurred dally,
but were most nuiuomu* <*n the 14th and
15th. The rainfall wns below normal else
where, the amounts being excessive In
northeastern districts.
Tennessee: The temperature Averaged 2
degrees above normal. The rainfall was
generally below normal. Scattered showers
occurred on tavern! days, and were heavy
In n few Instances. The weather was
generally, portly cloudy, and tho sunshloo
nearly normal.
Texas: Beneficial showers occurred on
several days In the coast and Interior coun
ties. The rainfall exceeded normal In tho
middle const and several ndjolnlng Interior
...... V.. ...In I I .. .. I
counties. . No rnin fell In n large number
southwestern, western, northwestern
and northern counties. The temperature
wns above normal, except nlong the const,
whore It wns normal. The sunshine was
abundant. Bain It* needed in many locnll
ties, hut conditions were generally more
favorable than during tho previous week.
Louisiana: The mean temperature was X
to 2 degrees above normal.
The weather
with scatter*
IflioteBHBI
iS
The Insinuations as to government control
oufldence with
Itound to relnstato
to show general cL
the territories and Arkansas. The cold wave
has moved further south and prospects foi
cooler weather and some rain In the north-
western and northern belt h*Te Increased
accordingly, which may affect trading nftci
the publication of the weekly weather sum
mary. which Is expected bullish on Texas
*•••••/. nuitu ii
ami Arkausas.
ACTIVE WEEK EXPECTED;
FULL 8HOWING DRES8 GOODS.
The New York Commercial: Preparation*
n the Jobbing bouses for an active week
have been completed and the fuller show*
I mg of cotton dress goods, woolen dress
goods and silks are now available. The
store trade in the New York Jobbing bouses
I* heavy and nil visitors express the belief
thst the retail trade for fall and winter
"IU reach record proportions. In the whple*
■tate that their lines are in such a sold-up
condition that little remains to he done In
order to keep mills busily engnged. The
desire to book extensive forward orders Is
not strong and there are nnmerons Instances
cited where mills have declined to accept
rurther business on brown cottons, colored
cottons or fancies at anything other than
at mine basis. The silk trade Is qnlet ns
compared to an earlier period In tho month,
nut there Is still a demand for staples In
broad silks, and In all lines of silk ribltons
importers and handlers of domestic products
report steady trading. The showing of fur-
‘“•r lines or dress goods for the spring of
1518 In the njrencles In this city has directed
Jobbers and cutters-nil are reported —
not only shopping but placing order*. They
incline to fancy wonted* and sheer fabrics
chiffon broadcloths and plain panamas. In
ffolft period ns Initial order*
f-iacoi] for spring and very little duplicate
bualneaa Is coming In on 1507 heavyweight*, i
Printer* After Narrow Coeds.
„ I Tho sun
shine was nearly normal in the southern
portion and above tbo normal In tbo north*
ern portion.
Arkansas: Mtaalnfr.
Mississippi: The mean temperature was
2 degrees above normal. The rainfall wns
ample In tho southern and extreme north*
western and decidedly deficient In tho mid
dle and northern counties, where tho
drought is becoming serious. The sun
shine wns normal In the southern portion
and much ahovo normal algewliera.
North Carolina; The temperature wns
about normal. H:i!n Is much needed. The
precipitation was below the normal, ex
cept In aoutbaostern and some western
counties, where It was normnl. Tho week
was partly cloudy and the sunshine wns
below normnl, which was beneficial on ac
count of . dry weather.
Oklahoma and Indian Territory; not,
dear weather and dry southerly winds con*
tlnue. Th# mean t»nip«T:itur.- wns decided-
ly above normal. The percentage of sun
shine was dose to 105, 8howers occurred
over small, scattered areas In south central
and eastern counties, hut the rainfall wns
too light to be of material benefit. Tho
drought Is general and has resulted
much damage.
South Carolina: Daring the forepart of
tho week there wns normal sunshine, but
the latter part wns generally cloudy. Tlio
Edited by
Joseph B. Lively
MARKETS
Mr. Lively** tweoty-flr*
years* experience of ed
iting markets fa Atlaata
and the South has made
bits a reopgnUed au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
samp: OP STOCK-
Amal. Copper. . . . .
Am. Ice Securities. . ,
Am. Sugar Refinery. ,
American Smelting. ,
Am. Locomttvp. . . .
do. preferred. . . i
Am. Car Foundry.
American Cotton Oil.»
Anaconda.
Atchison. ...... »
do. ^referred. . . .
Atlantia C. Lino. . , .
Brooklyn Rapid T. . .
Canadian Tncfflc.
Chicago A Alton.
Consolidated Gas.
Central Leather,
do. preferred.
Colorado'Fuel & Iron.
Corn Produce. . . -
Colorado Southern.
Delaware & Hudson. .
Denver & ltlo Grande.
Distillers' Securities..
Brfs.\ . _
do. preferred. . . ,
General Elootric. . . ,
Great Western. . . .
Great Northern pfd.
Illinois Central. ,
Interboro. . . .
do. preferred.
7;;-,
Kansas & Texas.
69%
.T;
tini
(g
joiii
qd
NAME OP STOCK.
Kansas X Texas pfd. .
Louisville A NashvlUt.
Missouri Pacific. ...
Mexican Central. . • .
New York Central. • . ,
Norfolk A Western. ,
Northern Pacific, . .
* Ontario ,v Waatarn. .
Pennsylvania
Pacific Moll
People's Gas Co.
Pn-SM-.J Sfri-1 Car. . .
-Beading
Bock Uland
do. preferred. . . .
Republic Iron A Steel.
do. preferred. . . .
Southern Pacific. . , ,
Southern Railway. , ,
6P,*i or
104% I 1.14
do.
St Paul
Tenu. Coal A Iron.
Tex ii 8 Pa el fie. . . .
Union Pacific. . . •
TJ. 8. Rubber. . . .
do. preferred, .
U. S'. Steel. . . ..•
do. preferred. .
Western Union.
Wabash
do. preferred.
93%
uni
OH
S3
TIPS FLASHED
From Wall Street.
fatal stock sabs M,t6o shares.
NEW YORK.
turea in New York todays
A -:
lg.. .
Sept..
Oct., .
Nov.. .
Dec.. .
Jan.. .
Feb.. .
March.
May
I a
* 1 *
Si
t
ii
1 °
5 1 3
33>
0
i i2.66iV.90
1 12.10.12.u0
12.10 12.14)
cioted qnlet and steady.
11.79-K)
11.84-85
11.94-55
12.03-01
12.06-07
12.11-12
12.19-20
11.22- 24
ii.m n
11.8446
11.9446
12.04-05
12.07-09
12.12-14
12.22- 22
LIVERPOOL.
Futures opened quiet and steady.
Opening Previous
Range. 3 p.m. Close. Close
August 6.87 -6.86% 6-|»%
Aug-Sept..,. 6.75 -6.76 6.74%
* ~ * 6.5SH-6.60 6.58
6.58 4.56 6.54
6.53 4.53% 6.63
6.51%4.61 6.51
6.61 -6.50% 6.50
W
8ept.*Oct.
Oet.-Nov...
Nov.-Dec...
Dec.-Jan...,
Jan.-Feb...,
Feb.-March..
Mar.-April... 6.53 4.53
April-May... 6.54 4.53% 6,53% 6.54
Closed steady.
NEW ORLEANS.
The following f* the range la eottoa fa
tore* la New Orleans today:
i
i
K
ii
i
H
Aug 1
fiopt 12.58
Oct. , . . .12.21
Nor.. • •
Dec.. . . .1116
Jan.. . .12.26
Feb.. . . .
March. . .1
12.M
UJ
Hit
12.3h
lii'r.s
Si
ib'.ir.
1122
ib’f.s
12.23
12. ii
i2.r»
12.65-fe
12.5646
12.23 24
12.18-20
-• 17 1‘
12.24-25
12.27-29
12.3546
Wcj
12.59-60
12.25-26
12.21-23
12.19-20
S m 1
12.31-33
12.38-39
Closed steady.
NOTES ON GRAIN.
Pointers on Proviiiona.
Special to The Georgian.
(From Ilnyward, Vick A Clark.)
..... __.nk we have seen bottom
wheat ond that it Is a purchase round
these prices.
Corn suplles muat increase soon, or wo
will see nn advance. „ „ .
Temperature nt Huron, S. Dak., 42. and
r<-mj"-r;i tur»- :.t llurmi. > l» k.. :in-i
_ at Moorehend. Minn. This will probably
cause some apprehension nbout frosts. *i
Cold weather In northwest and higher
cables cause of firm fooling In wheat. Somo
selling on the advance by local crowd, and
scattered longs cheek ndvance.
„ ...HL 'to be not enough
wheat to go nfonnd to one where there Is
more wheat for the present than buyers.
Tho shortage In the crop, which was expect,
ed to be 125,000,000 to 150.000.000 bushels
by this time. Is still 100.000.000 In tho ng-
jfregnte, based on the irovefnment
ssued last week, which shows 08,000,000
WHEAT WAS FIRM
IN EARLY SESSION
Opening Advance Was Met
by Selling by the Pit
Crowd.
8T. LOUIS CASH QUOTATIONS.
Wheat—No. 3 red winter .
* < Til - No. 2
Oats—No. 2
..84 085%
..54
..45
Chicago, Aug. 20.—The wheat mnrket
showed firmness at the start on higher Liv
erpool cables nud lower temperatures
ushols. .*«■ JL ■„ Northwest* -There was a rush to buy at
There la a !&„9?*}3rSL*S8*4Ll! th. opnilujr, l,nt the advance Wat met with
- —- 1, mi.- uiM'iuiiKf **ui me uuvnucu was nwi nuu
corn.. Stocks, are light and tba cash> trn 1 selling by the pit crowd. Commission
HlB'iJSSSl hou8t *« were °n both Bides of the market.
Is fair. Receipts ore
be no large raoreme— —-—
through with harvesting and are
with the crop prospects. Corn la tha only
crop loft for the crop killers to work on.
if they are busy west of the Missouri
..... U' rains'and lower temperatures
oro" needed nt once to check the deteriora
tion of tho crop.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGGS'—Active. 21c.
LIVE POULTRY—Hens, active, 35037%c:
chickens (fresh), 15030c. Duck* (PaMn),
10c each: pwldlc, 23c each. Turkeys, active,
active, 18 cents pound; fries, active, 20c
pound; hens,15c per pound; ducks, drawn,
“pHoDlfcE-Lard, 32c pound: hams ac
tive 16c pound; shoulder! active 100Ilf
Jpliatlon was excessive In
rated localities and tbo averago was above
normal.
COTTON MARKET AWAITING;
FAIRLY STEADY AFFAIR.
New Orleans. Ang.,25.—The Tlmes*Demo*
rat says: "While Tactofs separate and
erat sayai —.. ...
apart from the influence at work In Wall
atroot have sustained cotton values, the ef-
■IPMOTPHHVlnnff aide, while the
prospect of a restricted yield In the weat-i
ern aeetlon robs short selling of Its usual
attractions on the eve of a new crop move
ment. Meanwhile receipts of new cotton
at Houston total onlr 7,831 bales so far. a*
against 36,726 to the corresponding date last
year, and well-informed apot people say
that of the new cotton cornlng^nfop * * ‘
In the receipts nt Houston nnf
s!.-M
prices. The drought in south
Texas has apparently broken, hut not so
In central Texas."—Ilaywnrd, Vick A Clark.
firm and price* are at a lerol that wonld
not ordinarily Induce free buying by print
ers. It la reported by cotton goo.Is brokers
sad Bi “ “ “■ "*■
enta that they
putting through
order for narrow goods In regulars
odd counts. Special attention Is also being
paid to the wide goods by converters who
I . 1 I ... I..II..
nonnil: slilw Active, lie pound; bntter Soft
loai2V4c ponnd; b-eiwax active, to ponodl
honor, brlffit, nctlvc, 10c pound; honcr In
1-pound Mocks active, 12V40 pound.
FBCIT8—Lomon*, f,ncr I.®
bananas. Stic lb.; ntnonpplcs, Florida atork,
none: llmca, Florida atock. per hundred,
75c; pennnta In ancka orcrnnlnit IOO not
Mien, owlnff to grade, per pound. Gti'
enntnlnmioa, alow ante, 7&c ernte^ water
u-ntvim*.
ret: per bnihel, 11.«. Onlona. Georgia, »I.M
per bnehel: Hpnnlah. W.M crate; *rpnt, half
barrel, 13.76; cabbage, Stic pound.
GROCERIES.
niPE-Jap 6B6V4C! bead MTet finer held
rflTWc, according to the grade.
ClIRnsK—Fancy fvdl cream.
- IT cents;
Georgia cane ayrop 37 cents gallon; salt,
100*pound. 60c: axl- greaw tLTI; aoda erach
era. 6Hc ponnd: lemon. Sc: oyster. 7e; bar-
ret rnndv. per rioood, •'i-: mlied. par
8-ponnd. Mg: tomatnea. f.^onnd.^ 12.00 ^eaae
navy beans. 32.36; Uma beans
-•hca per gross, 31.65; macaroni
ponnd: sardines, mnatard. 1125 ease.
I’OAIt-Rtandart grannUted. 6Vi; hew
ban and' barrel, lie: green 11012c
Phredded blacntt 15 ca«»: No 1 rolled oat,
n.JR ea,«: sack grit*, oo-pound hag,. 3|.«:
(watera. fnli weight. 32 caa»: tight weight
iLo care: pepner, ISc lb.: baking powder 35
case; red salmon. 15 cc.«c; pink aatmon. 34.25
coeon. <nc: cbooolnte. 83; anuff. 1-lh.
lara. 43c: ronat beef. 3*M care -corned hut.
12 60 coae: eotann. 31.90 caao; alrup. Now Or-
leana 35c gallon: corn. J0o gallon: Cnh.1
ib. 3c: rota
1 plr cot too. iso. .osp. 31 ao@4 caao
PROVISIONS.
rROVISIGNS-h'iiprcnic hams 15Vjc. belli-,
ponnd, nvernge. 9.96: fat backs. 9.-7;
Supreme lard. 8V_ I’nrlty compound, 87i.
Stinrcmc lard, y,- rani/ lum^aara, s;,.
California bama, 10c; dry anil extra riba
I hare ordered, high fount fnh/lfs for dnllv
Although tho market «>n print cloths If In meeting buyers.
They appear to be ready to go still
r In their purchasing although they
HR „t present asktng for %e concession
from tho market rrlcps. At tho mills are
sold ahead there Is no baste being shown
HAYWARD, VICK & CLARK,
COTTON, 8TOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS.
Carondolot ,nd Graviar St*., Now Orlaan*.
MEMBERS!
New Orleans Future Rrokers' Association,
New Orleans ami Chicago Boards of Trade,
New York Coffee Lxchange.
Associate Members Liverpool Cotton Ass a
i Chicago Correspondents:
J. 8. BACHE A CO., AND BARTLETT, FRAZIER A CARRINGTON,
PRIVATE WIRES TO ALL POINTS.
Few. Orleans Cotton Exchange,
f'ew York Cotton Exchange,
G*!rss«9« Cotton Exchange.
Houston Cotton Exchange.
York
FLOUR AND GRAIN.
FLOUIt— Highest, patent, J5.75; best pat
ent 13.25: Standard patent 14.75; half pat
ent 14.65; spring wheat patent. 16.00.
CORN—No 2 white. 7?c; choice white, 80c,*
Na 2 yellow^ 77c; mixed, 76c; cracked corn
**CHICKfbf FEED—Flftv-ponnd sacks ft.00.
Punta chick fee*!. 22.00; Victor fired. IL80i
OATH—No. 2 white. Ce; No. 3 mixed. 65c;
Gohlen oc.ts, 62c; white clipped, 68c; fancy
per 96-pound racks. 71c; 4S-
ponnd racks, 72c; plain 21-poand racks, 80c;
f 7?AY—‘Timothy, choice Inrce Mice, fi.afij
do. choice small bales, $1.30; No. 1, one-
third bales. $1.20; No. 2. one-third bales.
i!s), SLiO: brand. $1.36.
COTTON SEED 51EAir— Prime per ton,
$26 50; No. 2 per ton, $21.00; bulls per too.
1115a
FISH.
FISH—Bream 7c pound: ensnper 10c
Kind; tro“t 8c pound: bine fl«h Tc pouad;
pompnno. 20c pound: mackerel. 12%c pound;
nesota. Liverpool came U .
Wheat and corn each closed 10llic high
er for the day. Oats were up l%01Ti'
and provisions wore fractionally better.
CHICAGO GRAIN MARKET.
Following aro the Chicago grain and pro
visions quotations for today, compared with
yesterday's close:
Previous
Open. High. Low. Close. Close.
WIIEAT-
8ept.... 85% 87 85% 86% 83%
Dec.... 91% 92% 90% 42 90%
May.... 97% 98% 96% 08 91
COBN-
Sept....
Dec.
May ...
OATS— ■
Sept.... 46%
±11
56%
DWmx.
May.... 46%
PORK-
64£
4614
46«?
m
48%
15.80 15.70 15.75 15.70
Oct,.. 8.95
BIDS—
Sept... 8.50
LIVERPOOL GRAIN.
. b if her.
Corn opened % higher and at 1:90 p. m.
% higher.
MINING 8TOCK8.
_ ston. Aug. 20.—Opening; Copper Romro
ill; juchlgnn 11%; Greene Cananen 12%;
Bingham 11%; New Haven 160; Quincy 96;
North Hutto Trinity 16%.
LIVE 8T0CK MARKET.
Chicago. Aug. 20.—Hogs— Receipt* 14.000.
Mnrket 10c lower; mixed and hatchers 95.86
d heary $5.8506.10; rough heavy
... light 25.8008.30; plga $5.6506;
>ulk of Mies $5.7008.
Cattle— Hecelpts 5,600. Market steady;
. ILMO
beeves 24.2007.40; cows and heifers
a-i-» t'B i —
25; stockera and f«*ederK $.vcv,4 >, ; Texnn-i
075; calves 25.250
wcat.rna 34.30G6.
CHICAGO CAR LOTS.
WEATHER REPORT.
WEATHER CONDITIONS.
An nren of high pressure, centered thl.
An arm or hleli preasnre, centered
morning In tho Dakotas, Is moving in
the northwest and Is cansing general falls
In temncrntiires of from 10 to 26 desroes In
th* Dakotas, Minnesota, northern Mlohlmn,
low., Nehraska, Kansas and western SllB-
•ourl The ndrnnee of this htch area has
eansed rs ns In Kansas, Mlasonri and north-
ern Illinois. Over the northonstern portion
of the map tho pressure 1ms decreased rap
idly, whllo In the aontb but little change
has occurred In either pressure or tempera
ture. and bat little rain ha. fallen eiccpl
on or near the coast.
Th* conditions favor fair weather In this
section tonight; probably scattered showers
ucunesday; not so warm.
COTTON REGION BULLETIN.
meridian time, August
STATIONS
ATLANTA
DISTRICT.
Atlanta, clear.
xxi nnttnnoogn. .
< 'ohlinbus, cloijily.
xxGaincsvIlle. . .
Greenville, clear. •
xxUriffin
ntlcello, cloudy. . .
xxNewnan
Homo, clear
Toccoa, clear. .....
xxWest Point
-.Minimum temperatures nre ...
p«ritn ending at S n. iu. this date.
»
M
tt
labour
Not Included In dls-
HEAVY RAINFALfsR
New York, Aug. 20.—Bartlett, Frnr.ler A
Carrington: The president has amended his
speech to thlH effect:
"I promise to act with the mlnlmumix
compatible with meeting our ends, to n
tect stockholders and corporations In their
rights, that the decline lu English rnllroa
stockc ns well ns our own shows *
causes for such nre not local, also hell
in general dividends for capital."
This should have a bullish effect on
market.
..?iJ b * trra * UI 7 ha* transferred for banks
275,000 currency to New Orleans.
London, 12:30 p. m.—Market opened weak
SUd fractionally lower, decline extending to
% In Baltimore and Ohio, Canadian Pacific
and Union Pacific.*
Comment has been made on tho fact that.
In spite of the great decline In stocks In the
last fow weeks, representing n loss, on
paper, of something like $3,000,000,000. there
have been no failures of consequence in
the Wall street district, in the "had times"
or 1903 noveral houses went down, many of
which were supposed to be, and were so re
garded ns. sound and trustworthy. The rea
son for this Is that tho houses In this dis
trict have left speculaflou to their custo
mers and have been doing none of It them,
•elves. Failures, more than anything else,
tend to shake confidence, and had there
been a few during the recent slump tho ro
•Pit would have been most disastrous.
Town Topics: Secretary Taft's speech
doen not afford much consolation to those
who hoped that tho Administration might
feel Impelled to cry quits in Its warfare on
the corporations accused In former days of
infractions of the Interstate commerce, anti
tr»«t and other laws that under other
We look for an aggress!ro attempt by t
hears today to bring nbout new low lev
all around. While tomorrow's remarks by
the president may he accepted with more
f< !L v0 . r, . tIlPr ^ needs to bo no doubt that the
administration's warfare on the .Standard
the
on
do not look
and 'Important Influence overtakes the
situation. We look for considerable unset
tlement today and would not advise pur
chose of any stocks except on breaks and
grains on account of business reaction.
THE COFFEE MARKET.
market for ’today:
Opening
February
March .. ,
tc.
Bmii-i-
.. ,.6.75-0.80
.. ..5.75-5.85
5.854.90
Clore.
6.754.80
6.804.85
6.854.90
..6.«
If
$.*4.00
*1 U, Y
August 6.65 5.70
bepteniber 4.704,76
October .. 6.634 75
November 6.6T,
December .. £75-8.W
Closed steady.
5.904.16
6.904.00
6.964.00
6.604.661
I.MM
7..70
6.654.70
6,704.75
THE LONDON 3T0CK MARKET.
Anaconda
Atchison .. .. ..
do, preferred .. .. .. " '
Amalgamated Copper .. .
Baltimore and Ohio
Chesapeake and Ohio ....
Canadian Pacific
Erie .. J * |
ool preferred »,*,, ,, **. !!
lllnofs Central ,. t#
•pulsvlllo and Nashville
Kansas and Texas
do, preferred
New York Central .. .. ,, .
Northern Pacific
Penns\ ImuiIh
Ontario
and Western ,
Norfolk nn/1 Western !. **..*
Philadelphia and Bending ..
Sollt HTH I *: 11 ■ f ft.*
Southern Pacific
Railway',.''
St. l*aDi2PfPf[
jJnion Pacific
United Hthteg Steel .. „ „
FLORIDA ORANGE OUTLOOKi
CONDITION OF APPLE CROP.
STOCKS AT OPENING
WERE IRREGULAR
Reading Lost Over a Point.
Gains Were All Frac
tional.
A RALLY FOLLOWED
Union Pacific and Amalga
mated Were Under Pres
sure Earlv.
New York. Aug. 2d—For the first hour
and n half of today's session the stock mar
ket wns Heemlugly weak. Conflicting view*
were held regarding Secretary Taft's
speech ln*t evening, but tbo goii4-rnl Impres
sion In financial circles was that, while n«»t
ns extremely radical ns the well known
sentiments of the chief executive, there
wns nothing lu them to lessen the uncer
tainty among security holders. I'rtCl** ac
cordingly went down very generally In tlu»
enr!> 41 • •. I i i 11 - uml - of l tu j points
made 7n the lending issue
mite t
a rent, ho
It bits been
did
net originate so much with actual liquid
tlon ns with selling for the short account.
As the forenoon went on these ovhleiwe*
..f mi «i v, ■ r I I'midl t i - *n 1 . . a ;m- mole pin In
and when the report of tho preside
peech began to appear on the news tleker
le market promptly started- In to recover.
The theory on which this upward move
ment v,:is '.,1-. I will I.f <•( iitm' that the
news" wrs nil "Ml nud tint any ad
verse effect upon tbo market had been fully
discounted.
New TorL Aug. 20.—The stock market
opened Irregular. The prices showed
Amalgamated up %, Smelting and New York
Central % higher and Erie and Anaconda
p %. Rending lost 1%. fit. 1'nul opened
Ii lower and Southern Pacific % lower,
'olorndo Fuel lost In all %. Union Pacific
was up 1%. loet %. then rallied %; Brook
lyn Rapid Transit opened % lower and ral-
if;?. %; Great Northern’ preferred bp
% lower.
At the end of ten minutes' trading, tin
Bl
under pressure.
Closing bids for the active list of
stocks follow:
(.'losing bids.
Atchison 85
do.preferred 89
Baltimore and Ohio 89
Chicago and Northwestern ...164 3-8
Erie 142 3-8
Manhattan 21 7-8
Mexican Central ... ... ... ... 25 1-4
New York Central 21
Pennsylvania ... ..132
Rending ... ... ... 105 1-2
Rock Island 118
Southern Pacific 66 7-8
Southern Railway .. ... ... ...104 1-2
Union Pacific 117
Wisconsin Central
Interboro Metropolitan ...
ib* preferred
American Car Foundry ...
American Locomotive .. ...
American Tobacco ... ...
American Cotton Oil ... ...
American Smelting
do preferred ...
Brooklyn Rapid Transit ...
Colorado Fuel and Iron ...
Pac ific Mall
Peoplo's Gas
Sugar ... ...
Sloss-Shefilcld Steel ... ...
do preferred
Western Union ... ... ...
Mackey t'ompuny
Vlrglnla-Carollna Chemical.
89 7-8
18
41 1-8
37 1-2
51 1-4
23 3-4
68
44 3-8
.112 1-2
. 46 1-2
. 31 3-4
. 75 1-2
. 60 1-2
20
MONEY AND EXCHANGE.
time
day
’osteal rates: Sterling exchange $4.8304,88
ith actual business* in bankers' Mils st
$4.87t>i for demand and $!.S3)04.S3(K> for
sixty-day bills.
Prime mrreuutlle pner unchanged.
DISTRICT AVERAOEfi.
Atlanta. . .
Augusta. . •
Charleston. .
Gnlreston. . .
xxLIttle Hock.
xiMemphls.
Mobile. . , .
; Montgomery.
New Orleans..
xxOklnhorna.
Savannah. .
xx Vicksburg,
Wilmington;
IT. Ipdlcatre
cates
yesterday. w
m.. 75th meridian time.
XX Missing.
Sppn, _____ - -
for 24 hours ending at 8 a.
'is
rnlitfrill.
.ii
•F.T'r
ns heard from. The hear
lest rainfall has been In the Mobile and 8a
rannnh districts, where It averaged about
»* Imli.
J. B. MARDURY. Section Director.
WEATHER FORECA8T.
and estimated receipts for tomorrow are ns
NBren m ,
Today. Tomor.
Wheat 4*1 1S3
Corn 192 68
Oats 861 104
lloga, bead 14000 20000
COTTON 8EED OIL MARKET.
_ market.
Opening.
August, 61 \'a'A
fieptemhtr 51%052J1
49«i049H
November. . • • * • 41%64l%
December 28%039W
January. . ... - o . t . 28 038*
— . — ban
’ViyZ:
49U0494;
Closed steady. Bale* 2,200 barrels.
41%0414i
HAVE A REAL VACATION
and read Tho Georgian and News tvary
day whila *way. 8ent tverywhere 45
cents a month, 10 cent* a week. Phone
4928 or write circulation department,
The Georgian and New*. No troubla
change address.
Washington, Ang. 20.—Weather conditions
nd general forocaat:
The western area of high pressure has
advanced to the middle Mississippi valley
with decidedly cooler weather over the Da
kotas, Minnesota, Iowa, Nebraska. Kansas,
Missouri and the upper lake region.
The eastern high preasnre la passing off
to nea over the middle Atlantic const.
Pressure between the two high pressures
Is relatively low. Usln has set In over
Virginia, the District of Columbia nnd
southern New Jersey; elsewhere the weath
er Is generally fair, except over a narrow
sone stretching south westward from Lake
Huron to eastern Kansas and northern Ar-
PH. Jona point to shower* In tho
lower lake region tonight and In the mlddlu
Atlantic states tonight and Wednesday.
Hhowera are also probable Wednesday In
the east gulf and south Atlantic states.
Cooler weather la probable tonight In the
Ohio valley nud lower lake region, and on
Wednesday In Atlantic const districts north
of the Carolina a. «
Forecast until 8 p. m/Wednesday:
flmktt! Cloudy, poflgmy Mcsmoual
rain tonight nnd Wednesday; cooler Wed-
nesday; variable winds, mostly northeaster-
ly,
fiouth Carolina: Fair tonight and proba-
ly Wedneaday: light variable winds.
Georgia and Easters Florida: Fair to
night; Wednesday scattered showers nnd
thunderstorms; light variable winds.
Western Florid* and Alabama: Partly
cloudy; possibly showers late tonight or
Wednesday:-cooler Wedneaday In north-
___ Alabama; light variable winds.
Mississippi: Fair tonight exeent showers
ond cooler In northern portion; Wednesday
showers a ml cooler In southern portion;
Mr opinion Is that this price Is too high
and will not hold. I Might not to ray this
because we hnve considerable fruit to sell,
hut I ntn giving you my honest opinion.
lee fast “* fifi
to $1.60.
The average price last year was $1.5o, fOUM
fruit selling up to $1.60.*
J. K. Snell, another orange grower, whoso
headquarters nre In Ozonn, nnd who ship
ped tomatoes nnd pineapples heavily the
past season, was on the atreet. lie soya
the orange crop of Florida thl
s. and that while
running to ip
lien*, like Ibe Orlando district, will have
lots of fruit, other nlaces will be lighter
■’Fff'
than n year ago. "From fit Petersburg
Largo, for Instance,'' said Mr. Snell, "thi.,
la net much of a crop, although this section
is not much or a crop, although this sectloi
last year had a big yield. Above Largo
understand the showing Is fine."
The American Apple Growers' Congress
estimate of tho apple crop this season;
P. C. P. C.
Normal
Crop.
lehlgan 00
__ls*ouri 6
New York. ...... 60
Iowa, . • • 20
Illinois. 10
Arkansas. , , 60
Colorado. 29
New Mexico. 6
Kansas.
Nel
Mexican dollars 62%c.
**' * )ow ’ °* Phillips & ]) 0 w .London bar silver' ' e
heavy orange packers ond shippers of n/ New Vork ,,nr h, I rpr *H C -
lando. Fla.. ,u |„ ffn, Vork ,„' t ‘. e ";
Rerardlng the outlook for tho orange cron
v * ™ BO ! Mon * 1Ir * I,ow * Q| d to the New
lone Tacker;
”1 enn not speak authentically regarding
any other part of tho state, although I do
hear that the crop runs In spots, but I can
sny of the Orlando section that we are
fi olng to have a record-breaking crop. I ho
ove rills year we will ace the banner yield.
There Is considerable trading being done
now In oranges, ond I understand the sell
“■*# pettlnj
•Inb'ii Is
line nt 315 16.1,
AGRICULTURISTS
MEET ON THURSDAY
The annual meeting of the stnte
Agricultural Society will be held In
Carrollton on next Thursday, and the
event Is expected to be the occasion of
a ‘great public gathering and barbecue.
It Jiad been Governor Smith's inten
tion to go to thl* meeting and deliver
an address, but Important busInecH of
his office. Incident to the closing of the
legislature, nnd signing bills, will mnke
It Impossible for him to go.
The meeting will be a very Impor
tant one. A great deni of Important
business will come up, nnd officers fur
the ensuing year are to be elected.
4%
UNION
4%
SAVINGS BANK
Could Building
CAPITAL STOCK . . . $100,000.00
_ ebraskl. . . .
Virginia. . . .
Indiana. . . . .
Went Virginia.
■
n
Ohio.
New England. .
PauaaylranU. •
Kentucky. . . . .
$88,000.00
GOLD BONDS
mixed fish. 5c pound; fresh water trout, 5c
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners.
Audits. Special Examinations, Coating and Systematizing,
empire: buil-dino, Atlanta, ga
'enneasee: Showers tonight; cooler In
western portion; Wedursday showers; cool
er In eastern portion.
Kentucky: Showers this afternoon or to
night nnd cooler; Wednesday fair and cooler
In eastern portion.
to net investor nearly 6 per
cent. Write for circular. J.
H. Hilsmau & Co., Atlanta,
ML
ATLANTA NATIONAL BANK
ATLANTA. GA
C. K. CURRIER, Pr.ild.nl. H. T. INMAN, VIc-PrMldwit
GEO. R. DONOVAN, Cuhlar.
JAMES 8. FLOYO, A*,l*t»nt CmMw,
Capital . $500,000.00
Burplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
-