Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
SATURDAY. AUGUST 24, 1307.
15
T
MS VERY STEADY
Itoo Much Rain in the At-
lantics—Texas is Too
Dry.
IsPOT COTTON STRONG
NEWS AND GOSSIP
of the Fleecy Staple
iFutures More Active Sat
urday—Undertone Finn
Gain 10 to 12 Points.
Sew York, Aug. 24.—The cotton market
I,pencil nctlre and higher In sympathy with
|(be strong cnblea, whim reflected continued
Ibad crop reporta and ahort covering. Wall
litreet nnd local apot Interests were early
laellera of winter montha on the bulge, bnt
I commission houses as a rule had good buy.
|ln| orders.
Cotton futures held very steady Sat
lurday and considerable activity and
■strength prevailed during the entire
■session. Liverpool at the close was
Isharplv better than expected, resulting
slight opening advance. The ad-
_.„..oe later was influenced by excessive
I rains In sections of the Atlantic states,
■complaints being received of damage to
■the crop, a continuance of the drought
Ifn Texas, where It Is claimed that the
■crop Is In bad shape, and the high price
Ibeing paid for spot for early receipts,
Il41-4c being paid for sixteen bales
■averaging strict middling In New Or
leans Saturday.
I During the past week there has been
la lot of bear talk by the Insiders, but
Ithe public did not take the bait, thus
■leaving the professionals In full charge
lot the market, which does not decline
■under professional selling.
I The close Saturday was very steady
■act Id to 12 points higher as compared
|wlth Friday's closing figures.
Visible supply statement:
This Last Last
Week. Week. Year.
Total visible
supply , .2,^8,517 2,547,177 1,875,757
American . . 1.00,617 1,517,177 843,757
Spinners’ takings for the week about
lie,000, against about 114,000 last year.
Special to The Georgian.
v„J F v°2 J r "'«A Vick A Clark.)
, ,^ ng - 24.—Bartlett, Frasier *
r* r /W°. n> Liverpool wax due to com« 3ft
to 4 poll]it* tip, opened steady 4 to 5 point#
A 1 12; J8 P. m. wax very steady at 6 to
7 , 8 P ot 8 Point! higher at
e.??r 8a,fi . 6,000 A tie rl can 5,500: §pec-
Amerlen n u na export 1 * 000 ' receipt* 2&0, all
v#r * v a moderate nd*
ranee, due to !trenith In Liverpool nnd
iiiwuce of rain* in Texaa again this morn*
L 1 }®: *be temper look! to favsr somewhat
higher prices.
Pollowln*-i* the statistical position of
cotton on FHdsy. August 22, as made up by
the New York Financial Chronicle:
Chronicle
TUIa Last Last
Week. Year.
2.537.208 1.874.932
1.608.208 842,932
62.265 92,929
13.396.434 11.152,689
9.689.351 7.833,369
6,661,988
213.012
143.012
111,260
Visible supply... 2,42MSl‘
American 1,425,921
J n sight, week.. 57,521
ince Sept. £....*3.461,122
Fort rets., sen’n 6.692.472
Export#. season. 8.387.423 8,179.893
Total spin. tak. 213,811 250.326
American 139.811 145,326
Int. stocks 80,825 83,695
Following Is the Liverpool cotton state
ment for the week eudiug Friday, August
SPOT COTTON IV1ARKF.T.
Liverpool, steady; middling 7.35.
Atlanta, nominal; middling 13ft.
New York, quiet; middling 13.38.
New Orleans, firm: middling 13 7-16.
Augusta, quiet; middling 13ft.
Savannah, steady; middling 12%. e
Memphis, steady; middling 13ft.
Galveston, firm; middling 13ft.
rharleston. nominal: middling 13ft.
Wilmington, nominal; middling 13ft.
, Norfolk, dull; middling 13ft.
St. Louis, quiet; middling lift.
Hn 111 more, nominal; middling 13ft.
boston, steady; middling 13.26,
. I’lillndelphla, steady; middling 13.70.
Mobile, steady; middling 13c.
llouxton, steady; middling 13ft.
Cincinnati, nominal.
WAVWARD, VICK A CLARK'S
DAILY COTTON LETTER
New Orleans, La., Aug. 24.—Dally
mall gains In the market arc more
arsslng to all Interests that want to
uy cheaper, than an occasional big
purt, which clears the ring atmosphere
nd Is usually lost the next day. Our
larket has crept up from 12.20 for Oc-
jber without much ado, and foreign
[narkets are becoming Irritated over It.
iverpool today scored an advance of
to 8 points nnd closes at the best,
his Is about 4 points better than due. wrwt m ti
>ur market opeued about 8 higher, but months
Week's sales
Of which American.
For export .....
For speculation
Forwarded
Total stocks
Of which American.
Actual exports....--
Week's receipts....
Of which American.
Stock! afloat
Of which American.
15577
818.000
6W.000
6.000
21.000
7.000
4.867.000
8.868.000
27.000
‘4.000
19067
T535o
24.000
1,200
IMM
21,000
12,000
3.907.000
2.914.000
47.000
26.000
4.R7o.o:m
4,004.000
102,000
■ . . 83.000
"T^ew Orleans, Aug. 23.-Hayward, Vick &
Clark: leather map not complete. What
there la shows hesry showers in the eastern
states. These rains hare now lasted there
over four weeks and complaints are being
received of too much rain. Should rains
there continue it might have bullish effect
soon on the market. Texas Is dry.
Weather map shows generally fnl
In Arkansas, where ft Is partly cloudv.
have risen cor - * - *—*-•-
____ ...... xlum-nr,
eastern belt.
PALL MERCHANDISE HELD
AT FULL QUOTED FIGURES.
New York Commercial: One of the facts
that helps to keep the cotton goods market
level keel is that first-hand factors
are a unit In holding merchandise at their
full quoted figures. The present volume of
business is not as . large ns that passing n
week or so ago, but this Is a result of mills
being sold ahead as far ns they care to
contract for at a flxr * ~ ‘ ‘
product of their mills „ ^
next twelve months. It is no exaggeration
to state that not a few, but uinny, mills
making fine fancy cottons are sold up to
July, 1908. These are now taking fall or
ders for next year. On staple brown cot
tons the sold-up condition of lines is un
precedented. In the woolen goods trade or
men's wear and women's wear the mnrket
conditions on the present season are sound
and the 1908 lightweight trade Is coming up
to a normal point. It Is stated by close
observers of the situation In the silk trade
that the striking throwsters are In a strong-
. _ . _.jere la a
better demand reported for woolen under
wear and hosiery on supplementary order
for this fall and prices are steady. Buyers
find that there is a smaller volume of spot
merchandise la knit goods than has been
carried by first hands during recent years,
Prices on both woolen and cotton yarns
are somewhat irregular, but can not be
called weak or likely to break. In tho job
bing houses sales are piling up and the
*“ . . tea t0 the | nrjJ#J|t
. local trade. Buyers
are making a general purchase of fall nnd
winter merchandise and even on staples
the smallest retailers are exceeding their
usual purchases, in thus following
course adopted by the tnrge departi
•tore contingent.
It being Saturday there was little wll
■ingness to engage In new business and
Thinness followed. Nevertheless the gain
jvas maintained and a little professional
I'uying increased the advance to 12.67
nr October In the last hour. The
earcity of sellers in this option Is very
lotlceable. Dry weather prevailed In
(lie West during the past twenty-four
luiur.s and temperatures have again
It risen above the normal. Extensive
khowers fell In the eastern half of the
licit. Showery weather ha* been the
fiilp, therefore, for over a month, and
voral complaints of shedding and too
much rain Is now being received - from
(lie eastern states. Weather Indications
stationary conditions over Sun-
Oenerally fair and hot In the
Showers In the east. Arkansas
jnay get some showers. Reliable Infor-
(nation places the prospective yield of
the biggest producing county of Texas
pt around 60 per cent of last year. The
yield in the Red river district of north
n.' ulsiaqa Is estimated at half of last
year's. Unless Texas gets good rains
(luring the early part of next week
phnnees are that we shall see a short
ramble in October futures. Uneasl
*** is Increasing dally.
New York, Aug. 24.—Bartlett, Fraxler
'urrlngton: Liverpool was 2 1-2 to
-2 better than due. 8pots 3 up,
ales 6,000 bales. The map, with many
>olntH missing, showed heavy showers
n eastern states, which have con
llnued for over four weeks. The west
yrn part of the belt was dry. First
uuotntions were 5 to 6 higher and upon
fair buying by commission houses the
piarkot gained strength steadily and
plowed at a net advance of 12 to II
olnts. The forecast was for generally
pair weather In Texas and Oklahoma
pver Sunday. The Impression Is gain
ing ground that the future contracts
in this market are held by spinners and
yn<Tchants as a hedge, and that the
short Interest Is largely speculative,
(with spots In the South at their pres
ent premium over the future markets,
|hc probability for the Texas yield
f e «ng fully onerthlrd less than the sea-
i°n Just ending, complaints of too mu ch
f a| n In the Atlantic states and a strong
p. hnical position here and In Llver-
T?°L we cannot see anything but
f”gnor prices, and I believe that Janu-
f contracts bought around this level
show good profits.
DEMAND FROM EUROPE
A BULLISH FEATURE.
Orleans, Anx. 24.—'Time* Democrat:
silt . tur ? or yesterday's cotton wss the
Efure Inquiry for supplies that came from
American exporters having In-
some uneasiness abroad by their
Print Cloth 8ales Smallor.
It was reported in the market yesterday
that printers are not placing further for
ward orders on regulars. They have done
some extensive purchasing during the past
few weeks mid evidently feel theTr supplies
of gray goods coming forward will mart
their needs. Another reason for not op
erating Is the firmness with which mills are
holding to their quotations. Wide goods
nre scarce for any delivery with four
* re firmly held on a basis of
Edited by
Joseph B. lively
Ur. Lively's twenty-firs
years* experience of ed
iting markets In Atlanta
and the floutb haa made
him a recognised au
thority In bla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
FA MB or STORK.
Amal. Copper
Am. Ice Sacnrlflea. . .
Am. Hope Iteflnery. .
American Smelting. . ,
Am. Locomtlve
do. preferred. , , . ,
Am. C»r Foundry. . . ,
American Cotton Oil.. .
Anaconda
Atchison
. ..da. preferred
Atlantic C. Line
Brooklyn Rapid T. , . .
Baltimore X Ohio. . . ,
wpeake A Ohio . .
Julian Pacific
Chicago ft Alton
Consolidated Gaa
Central Leather
„ do. preferred
Colorado Fuel A Iron. .
Corn Produce
Colorado Southern. .. .
Delaware ft Hndaon, . .
D«r«r ft R|o Grande. .
Kria er *' 8 * cur,t,e ». • •
do. preferred.' .' ! !
General Electric
Great Western
Great Northern pM. . .
Illlnola Central. .... .
Intcfboro . ,
do. preferred
Kansas A Texas. . . , .
S' '
z
0(5
£
R
a
(t
K!l
fid
o
s
3
22
til
8S74
8K
687k
‘i
i
i
1
h.
h
p
P
8474
E5
8374
8374
*#..
p
fir
r
jjjj
8<r
40ft
ID)
f
Kft
a*
«
siii
162ft
m/
m
1
5~
23
22
2274
149*’
148* *
148**
149*'
g*
23,4
2314
i*
mvi
2074
1874
1874
123*'
123
liiH
iHft
&
132
S
4
m
8
8
*
8*
3574
3374
8274
8274
NAME OF STOCK.
Kansas X Texas pfd. . ,
Louisville A Nashville. ,
Missouri Pacific. . • • ,
Mexican Central. . . . ,
New York Ceutral. . . .
Northwestern
National Lead
Norfolk A Western. ,. ,
Northern Pacific. . . , .
Ontario A Western. .. ,
Peaaaylraala
Pacific Mall
People's Gas Co
Pressed Steel Car. . . ,
Beading.
Rock Ialand
do. preferred. , . . ,
Republic Iron A Steel. .
do. preferred. . . . ,
Southern Pacific
Southern Railway. . , ,
do. preferred
Bt. Paul
Tenn. Coal A Iron. . . ,
Texas Pacific
Union Pacific.
U. 8. Rubber. ......
do. preferred. . .. .
V. S'. Steal
i.o. preferred
Weatorn Union. , , , . ,
Wabash
do. preforrod
Wisconsin Central. . . .
do. preferred
TIPS PLASHED
From Wall Street
NEW YORK.
LIVERPOOL.
Following figures give the opening range
and close, compared with yesterday:
Futures opeued steady.
Opening Previous
Range. Close. Close.
August 6.93 -6.99 6.9$ 6.90
Aug.-Hept 6.82 -6.83ft 6.86 6.78
Sept.-Oct 6.69 6.73ft 6.64
Oct.-Xov 6.63 6.66 6.59
Nov.-Dec 6.59 -6.63ft 6.63 6.66ft
Dec.-Jan (.59 6.62ft 6.64ft
Jan.-Feb 6.58 -6.69ft 6.60 6.52ft
Feb.-March 6.58ft 6.60ft 6.63ft
Msrch-Aprll 6.69ft C.61ft 6.66ft
Aprll-May 6.60ft 6.62ft 6.56
Closed steady.
NEW ORLEANS.
Th. following la tha rang. In cotton (a
tnraa In Kaw Orlaana today:
&'pY-.
Oct. .
Nor.. .
Dec.. .
Jan.. .
Feb.. .
March.
Closed steady.
12.72
il I If!
12.95
12.72-73
12.57
12.56-57
12.61-62
iW 1*65-67
12.65 12.70-72
1174
12.74
12.42-43
12.31
12.3132
12.35-36
12.39 41
12.45 46
NOTES ON GRAIN.
Pointers on Provisions.
?ftc for standards.
THE COFFEE MARKET.
New York. Aug. 24.—Coffee cables: Havre
market unchanged to ft franc lower.
Hamburg, market unchanged to ft pfennig
higher,
Rio
year.
Santoa, 33.000, against 66,000 laat year.
Rao Paulo, 34,400, agn.nst 54,000 laat year.
receipts, 9,000, against 10,000 last
Rpedal to The Georgian.
(From Hayward, Vick & Clark.)
Chicago, Aug. 24.—Bartlett, Fraxler
& Carrington: The foreign situation in
wheat at present seems to be the dom
inant factor. If we can place our wheat
abroad at present prices, we shall be
satisfied, but Jf tbe export demand does
not continue, we look for lower prices.
Reports on com prospects are not at
all satisfactory. Those from Iowa and
Minnesota are especially discouraging.
Many points In Iowa claim they can
not raise over one-half to two-thirds
of a crop under most favorable condi
tions. Under these conditions farmers
are not disposed to sell, and cosh com
here Is becoming a fancy article. Do
not look for any material break in
prices until farmers let go of their cash
com in considerable volume.
The demand for cash oats still con
tlnues, and expect a good demand for
some wseks to come while the move
ment is going on.
Wheat market very erratic. Orders
either way cause sharp fluctuations,
-8 to l-4c without a trade.
Chicago Evening Post: Jackson Bros, re
ceived n dispatch from Winnipeg statlm
that the frees® of Mondr y night had
resulted In serious Injury to wheat. „
other dispatch to the same firm from Win
nfpeg received ns the market here was dos
ing read: "Wheat bore 2fte lower than II
closed yesterday, reflecting the reassuring
news from the country.”
New York wired: "Export demand dis
appointing. Foreigners show no disposition
to follow yesterday'* advance «*»
business."
Clement, Curtis A Co. received the follow
ing cable from Buenos Ayres: "Prospects
for crops very encouraging and could
scarcely be better for wheat nnd flax; con
•at crops certain.”
sent tho following: "Letter thla
CEREALS AT OPENING
WERE FRACTION OFF
Advanced Sharply Later
and Then Lost the
Improvement.
January
February. . .
March
April
June
July. ......
August
September. . .
October
November. . . .
December. . .,.
Closed steady.
Opening
Range. Close.
5.75-8.*
6.85-5.90
6.866.96
6.906.00
6.95 6.00
6.95-6.05
6.00 6.10
6.55-6.65
6.60-6.66
EM Mo
6.65-5.76
6.76*5.80
15.76-5.801
6.75- 6.80
5.90 5.96|
5.90-6.95
6.00-6.06
6.00-6.06
6.05-6.10
5.55-5.60
5.60-6.66
5.65-6.70
5.75- 5. W)
5.75- 6.80
COTTON SEED OIL MARKET.
FoUowInx I* riven tn« op,nine and clos
lag quotation, of th. New York cottou load
oil market.
..X
^ovemner. . . .
December
January
Closed steady.
ners. Firm offerings being scarce, the tone
of the market improved. There is more
than a little feverish Anxiety among the
talent these days Nobody- appears able to
figure out how the October option Is to
be liquidated with credit and profit to
the short so long as the actual cotton situ
atlon holds Its own with anything ap
pronchlng current strength. NeW Orleans
being closer to the cotton fields, led yes
terday's advance, October shorts evidencing
nervousness lest their position may ere
long prove untenable. Bulls pointed out
that tho- Texas rainfall during the eleven
weeks ending August IS, tbe latest com
plete records on file, was only 4.22 Inches,
ss compared with 178 In 1906. In which year
the cron started early, and on July 16tb
promised to bresk all previous records.
Drouth came, and the Texas crop proved
a disaster. From this comparison high-
priced men drew evidence confirming pre
conceived yield views. Meanwhile Hous
ton's new crop receipts for the week total
only 8,119 hales, against *,410 last year."—
Hayward, Vick A Clark.
foliage. Frost of the 20th waa severe."
Message from Moorahend, Minn., says:
"No injurious frost reported In the valley/’
Broomhall's Argentine agent estlm - *"
week's shipments thence as follows:
this week 40.000 bushels, last week 1,000,000
bushels, last year 1,206,000 bushels. Corn
this week 1.60&000 bushels, last week 1,065,
000 bushels, last year 2,633,000 bushels.
F. W. Wlnnns received today the first
ear of this season's timothy sssu, which he
said was liter by three wssks than the
first carload received last year, Tbe teed
was raised In Missouri.
8. C. I.ove had advices from the Cana
dlan Northwest nutting the frost dnmngo In
some parts at §0 per cent. The trade here
said 'Imi^rtant If true.”
Cincinnati Price Current gave th# pack
ing of hogs for the week at 416,000 *
406.000 the similar week last /ear.
fug since March 1 given as 12.930.000 com
pared with li,*0,00f bead for the like pe
rind In 1906.
Morris Schwalmcher estimated the Chi
cago stocks ns follows: Pork 22.000 barrels,
lard 112,000 tierces, riba 24.500,000 pounds.
These compare with the following official
estimate of stocks on August 1: Pork 26,
476 barrels, lard 113,900 tierces, riba 26,895,
"d pounds.
Minneapolis stocks of wheat decreased
800.000 bushels for five days. Lost year
there wss a decrease of 1,126,000 bushels for
the similar- period.
Harper. Kan., says damage to corn there
r hot weather has been very great, but
int recent rains may bring out a half
•on of late corn.
Minneapolis and Duluth received today
124 carloads of wheat, against 118 the corre-
responding day of the year befors. Winni
peg reported prices of wheat from lftc to
Iftc lower than they closed yesterday.
HAYWARD. VICK & CLARK’S
DAILY 8T0CK LETTER
HAYWARD, VICK & CLARK,
COTTON, 8T0CKS, BONOS, COFFEE, GRAIN AND PROVISIONS.
Ctrondelet nnd Gravier Sts., New Orlean*.
. MEMBERS:
Orlean, Cotton Exi-hnnee. Sew Orleans Future Aesoeletlon.
£•» York Cotton Bxotunge, Sew Orleans and ckteafo Boards of Trade,
Cotton Exebence. New York Coffee
Hon,ton Cotton Bxrlwnxe. Aenoriate Members Urerpool Cotton Aoo a
Now York and Chlrefo Correspondent.:
A S. BACHE A CO., AND BARTLETT, FRAZIER & CARRINGTON,
PRIVATE WIRES TO ALL POINTS.
New York, Aug. 24.—Bartlett. Fraxler
A Carrington: The Investment situa
tion has not Improved. The crop and
money situation looks like It had a (air
chance with this treasury aid, but
thtre Is only Intermittent buying tor In
vestment, and Wall Street houses are
quite bare of big linen of speculative
stocks and perhaps have too much
time money. We do not like the In
dustrial situation or Industrial stocks
as an Investment or speculative. We
think some of the railroads are good ae
Investments, and the speculative side
Is only good for the turn, for it is so
largely professional. Th* reducing of
Southern Railway preferred dividend
did not have a bad effect yesterday,
but today rumors were afloat as to the
attitude of some large banking In
terests, but they were rumors and
nothing else. New York Central. Erie*
and Southern Railway took fright and
developed some liquidation. The de
crease In rash In the bank statement
was only about hair what was looked
for according to the currency move
ment. The decrease In depoelts was
nwre than the sum of the decrease In
loans end cash, and does not nuke a
good balance.
Chicago, Aug. 24.—Wheat closed
1-403-Sc higher; corn was up 1 1-2®
1 {-8c higher; oate l-2@l-4c lower.
Provisions were 6@20c better.
Big money was scalped out of the
grain pita on the board of trade today,
and the play of the professional will
be to get all the profits within reaoh.
There waa a choppy market In ' the
wheat pit. The crowd waa quite nerv
ous and less bullish than yesterday and
Thursday. Some of the btg longs sold
wheat late and the rank and fllo
trailed on.
The strength early was on bad re
ports from North Dakota, claiming
frost. Th* local crowd bought freely,
although the action of Liverpool In re
fusing to follow Chicago's advance of
yesterday did not set well upon the
stomachs of the bulls. The market was
a big affair, but the room traders stood
ready to follow the bell wether of ei
ther side.
World's shipments of wheat wore es
timated by Broomhall at only 7,(00,000
bushels, which Is considerably less than
the previous week or a year ago.
Northwestern car* for the day, (0
cars wheat, and Chicago 188 cars, com
pared with 111 and 78, respectively, a
year ago.
Corn was active and prices changed
continuously. The matter of weather
seemed to cut but little figure, as th*
bulls In wheat figure that the crop will
be quite short
Oats traders were busily engaged
nearly the entire session looking after
tha sharp -ups" and "downs” of the
market.
Provisions were more active with
outsiders taking more Interest and
large packers trading on both sides.
CHICAGO GRAIN MARKET.
WEATHER REPORT.
WEATHER CONDITIONS.
With the exception of one or two
smell nrssa of clondlneH, elesr n-enther pre
vails over most of th# map. but Chowera
hare occurred at most stations east of the
Mississippi ti, tho last 24 hours Weat of
•he Mississippi dry weather continues.
The pressure has decreased over the east
ern half of the map, tho center of lowest
barometer belli* at Marquette. Mich. The
center of gresteat pressure Is over the Da
kotas nnd western Nebraska.
Cooler conditions prernll on the north
Atlantic const anil In the region of greatest
pressure, while plus changes have occurred
at most other stations
The existing conditions art favorable for
partly cloudy weather In this section to-
night and Sunday; probably showers Sun
day.
COTTON REGION BULLETIN.
/or the 24 hotirs ending nt I
meridian time. August 24. 1907,
Following are tbs Chicago grain and pro
visions quotations for todo/, compared with
yesterday's close:
Previous
Open, ftlgh. Low. Close. Close.
XT II BAT
SK- -
g*
101 ft 100
88ft
94ft
lout 1M%
IM 8 L B I 5
B'B 8
STATIOHS
ATLANTA
DISTRICT.
Atlanta, clear. 1 . . , ,
•••Chattanooga. . . * .
Columbus, clear. . • . ,
•••Gainesville
Greenville, clear. ,
•••Griffin.
••Macon, clear
Montleello, dear
•••Newnan.
•^psrtanbur*. clear. , ,
•^Tallapoosa
Toccoa, dear
—•Weat Point
Tcayerafsre.
ill
Me*.
We. 2
HI
54
Yd
92
78
.66
84
08
M
93
75
T.
90
73
.00
(8
«
.28
n
48
.66
(From Haywai,.
New York, Au«. 34.—Bartlett. Fraxler &
Carrington: The secretair of the treasury
nan announced, that hegfnntug next week
tho treasury department will innko each
week for not leas than five weeks depoalta
In national hanks at New York. Boston
and other points, the security required to
ho approved state, municipal and railroad
bonds acceptable under the existing re
qulrements of the department with thl
understanding that if called for such de<
posits shall ho returned after January the
*n Installments to he fixed by
.v of tho treasury... He says this
action In taken to meet the commercial and
Industrial needs of the country at this sea
son, and Is believed to ho preferable (o
waiting until a time of nento atrlugency,
when tho only alternative would he a
large general deposit.
Town Topics: In view of tho outlook for
an unfavorable bank statement sml the
bearish feeling engendered by the reduction
In the Southern railway dividend rate, we
look for lower prices today, and would
not advise buying stocks except In case of
a sharp decline through the renewal of
professional operations against values.
The continue4i weakness In sterling ex
change is a really Important nnd favorable
feature, but this Is ignored for the time
Mug, and more attention Is Mng paid to
the fact that bnnkers are hopeful or easier
money later on. Pessimism Is keener now
that support by Important Interests has
been temporarily withdrawn nnd bearish
manipulation has again inndo it* appear
ance, which, In our opinion, will be respon
sible for n further decline In the mnrket
with liquidation by those who nre com
pelled to close out stale bull aocounta. Foi
the ultimate future we nre hopeful, nn«L
those who are able to buy for cash will
find the present market a fruitful source
of profitable Investment.
The unsatisfactory conditions ruling Id
the stock market will likely |>e reflecte4
again In the commodities markets.
Ws would not buy wheat or cotton except
for turns on sharp breaks.
INITIAL PRICES
SHARPLY BETTER
Union Pacific and Reading
Were Strongest Stocks •
Early.
NEAR TWO POINTS UP
Leaders Receded Later and
Irfist Prices Were Be
low Best.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
J. J. BARNES-FAIN CO.'S
FRUIT AND PRODUCE LETTER.
Atlanta, Aug. 24.—For th* vaat work our
mark.t hna lioon In a gtutt.fl condition on
n.arly nil corntnodltln In th. produr. line,
ronaequ.iitly aalea hare lMM>n alow at re
duced prleea.
The market ha* lieen very much over
slocked on calitiogc, and prleea have declln
ed from 214 to 2c.
Iterelpta of Irlah pntatoea hare alao been
erv heavy, a -*■ -— * “ ‘
-4b to 81.15.
I-emon tmportatlona have been heavy for
th* paat week; In fact, heavier than my
time In prerloua yeara, earning a decline
from 86.2s on Men.onai to 81.50 nnd Verdelln
•lock Imre declined from 88.78 to 8S.26. It
la galling late In the .enoou for the old
atoek leiuona. and the quality la very poor.
Howtrer, th* new erop of Verdella utock la
■bowing up line, nnd are worth more than
the difference In price over the old atoek.
Feaehea hare declined from (2.25 to 81.75.
The quality la generally very poor.
Bnnnnna hare lteeu very aearee nnd prleea
atmoat prohlhltlre, .tiling from 3V4 to 4c
0er ,wnind.
Rarly appl.a nre .till very nearer and
quality very poor, but winter npplea will
lie In In about thirty days. Aa than la
a comparatively heavy crop thla acaaon we
look for renaonnhle prleea.
The flrat ear of California fruit, eonalat
we look for the prleea
the anmo through
week.
New York, Aug. 24.—Th* atoek market
opened at general tubalnnlfnl ndrancea.
Union Pacific ro»e 144, Bending gained In
nil 144. and Amalgamated 1V4. Southern
Pnelflc opened up 1 point. Atchlaon gained
44. Peunaylrnnln 74, Brooklyn Rapid Tran-
alt 44. St. Paul and Steel common wer*
up 44.
After 10 mlnntea' trading Union Pacific,
after a gain of 244, allowed a not Improve
ment of alwmt 2 per cent. Amalgamated
Copper *nd other leader* recoded 44C44 from
the very beat early flgurea.
Closing bid* follow:
Railway 8toeka.
Atchlaon 3.4
Baltimore and Ohio .188
Canadian Pacific 188 8-4
Chicago and Northwestern .. ..140 1-2
Erie is 1.3
Illinois Central 182 1-2
Loulavllle and Nashville .. ..102 2-4
Manhattan L .. .. no
Mexican Central 175
Missouri Pacific 65 1-2
New York Central „101 1-4
Pennsylvania a*
Reading 88 2-4
Rock Island 17 2-4
do preferred 41 1-2
S‘- Paul U8 (.4
Southern Pacific .. ..... .. 81 7-8
Southern Railway 18 1-4
Union Pacific 1*4
Wisconsin Central 81
lnterborough-Metropolltan ... 81-4
Great Northern 117
Miscellaneous.
Amalgamated Copper (8 1-2
American Car and Foundry.... 37
American Locomotive 51 1-2
American Cotton Oil 20 1-4
American Smelting and Rfg... 82 1-4
do preferred
Ilrooklyn Rapid Transit .
Colorado Fuel and Iron .
jlatlonal Lend
Pacific Mall .. .. '.. .. .
People's Go*
Pressed Steel Car
Sloss-Sheffleld Steel .. .
Sugnr
United States Steel .. ,
do preferred
Mackays
Virginia-Carolina Chemical
do preferred
85 1-8
40 8-4
82 1-2
40 1-2
23 1-4
28 1-2
28 3-4
45
BOGS—Active, 22c.
LIVB rOULTIlY—Rena, nctlre, 40048c;
chickens (fresh), lMfSh'. Duck* (Pekin),
Me each: poodle, 25c each. Turkey,, active,
— nnd.
POULTRY—Tnrkeya. drawn,
actlrs, 18 esnta pound; frlea, active, 20c
pound; bena,16c per pound; ducka, diawn,
WfeBSk -
ending at 8 a. m„ thla data.
~Uecclved late. Not Included In dlatrlct
average*.
Missing.
Ci.THAL
STATION.
ill—*
Atlanta. ; . . .
Augusta
•••Charleston. .
Galveston. . . .
•••IJttls Bock.
•••Memphis. . .
Mobile
Montgomery. . .
New Orleans. . .
•••Oklahoma. .
Savannah. . . .
•••Vicksburg. .
Wilmington
DISTRICT AttRAGIS.
T. inalcatM Inappreciable ralantt. (l) For
yesterday. (2) For 24 hours ending 8 a. m.,
75th meridian time.
•••Missing.
Remarks.
The temperature remains about station
ary In districts heard from. The rainfall
has been generally light.
J. D. MABBURv, flection Director.
apt. .. 61
W. .. 43
(ay .. 49ft
FORK—
8cj>t. ..16.06
LARD—
Sept. 9.02ft
Oct. .. 9.15
RIBS—
Sept. 8.70
Oct. .. 8.82ft
49ft
16.12ft 16.06
im
LIVE STOCK MARKET.
Chicago. Ang. H.-Rogs: Receipts. A.tfo.
[arket 5G10c higher. Light. J6.96tf6.49;
.envy, |5.40tf6.15: rough. I6.40tf5.70; i
SS.80ff4.30; yorkers. K»>0«.4O.
Cattle—lUcelpra 600. Market steady.
Beeves, lf.2iC7.2S; cow*. 8l.SOflS.40: Texas
steers, 82.5566.25; entree. 85.0008.90; Stockers
and feeders, I2.60fl6.rn.
Sheep—Receipts 2.000. Market nnebanged.
Native*. 86.70: Westerns. J3.2ffM.TO: year-
lings, t5.50fl8.t0: Iambi, t5.23e7.M; Wrateru
Until*, t5.»O7.60.
CHICAGO CAR LOTS.
Wheat.. ..
Corn
Oats
Hogs, bend.
Today. Tomnr.
WEATHER FORECAST.
Washington, D. C., Ang. 24,-Westher
condition! and general forecast:
Tha northwestern depression has moved
rapidly matwenl, and Is now central In
ths lower lake region. It bee caused rain
In the Ohio valley, the middle AtUutlc
states and southwestern New Bngland.
temperature he* changed little In tbe
24 houra.
Generally fair and somewhat warmer
weather Is prolwbl* tonight sml Rtinday
over th* greater portion of the Wtsblngton
forecast district, except that thnndersfiow.
era ire Indicated for the aonth Atlantic
and east gnlf elites Sunday.
Foreeaat until 8 p. m. Sunday:
light to freeli wei
Igbt to „
North Carolina, Routb Corallna sad
Georgia—Rcattrred (bowers tonight or Ban-
day; light to fresh southwesterly winds.
Faatorn Florid*—Felt tonight end San-
*r; light vsrleble wind*.
Western Florid* and Alabama—Rhowers
tonight or Rundsy; light southwesterly
Mississippi-F«lr tonight end Rundsy;
light eonfhweiterly wtnds.
Traaessee *nd Kentneky-Felr to sight
end Riindiy; cooler tonight In northwest
ern Tent
THE SUGAR MARKET.
honor, bright, actlrs, 10c pound: honey la
' ' " ectlre. 12Hc
unone. fencr I ...
bananas, IHc Ib^jrtnes^ples, Florid* •lock.
1.75 cratt, .. ...
VEOKTABI.F.R—Potatoee, new. 11.78 bar.
rel; per bushel. 51.48. Onions, Georgia, 81.50
K r fraihrl: RpsnUb, 81.50 crate; kraut, half
rrel, 53.75; cabbage, 2i4c pound.
GROCERIES.
niPB-Jan 8fl*He: heed eflffrs fancy heed
70774c, according to tho grade.
CIIKKNH—Fancy fnll cream. 17 cento;
g eorglo cane *yrup 57 cent! gallon; -Mlt,
o. pound. 50c: axle * reave 11.75; aoda crack
ere, G74c pound; lemon. 8c: oyiter. 7e; bar
rel rand*, per pound. 874c: mixed, per
•pound. 874c; tomatoes. 2-pound. 52.00 eaee;
pound, 52.25; nary besna. 52.35; IJma hrane
tie; brat matebra per gross, 51.88; macaroni
MrTc pound: aardlnra, mnitard. U.25 r*,-
SrOAR -Btnnd«rd granulated. S74: New
ark refined. 4.80; plantation. 5c.
COFFEE—Rodited Arlrarklra ill: bntk la
bare end barrsU 12c: green 11012c.
shredded blicnlt 55 riae: No. 5 rolled oats
55.78 case; seek grits. M pound bug,. II.tt,
aratert. fnll weight. It cnee: light weight
11.10 ca»e; pepocr, 18c lb.; baking powder 55
e; red anlmnn, 55 case; pink aalmnn, 54.2
Xtfr York, Ana. 24.—Local refined end
raw sugar market* *f#*dy and unchanged.
!-undos heels flrmer; August IDs 74d. Sep
tember 10V4d.
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners.
Audits. Special Examinations, Coating and Systematizing,
empire: building, Atlanta, ga.
gallon; corn, aoe g*
sataaa. »A26«5.I0 ease; nennuii. ic; rot.
4-ply cotton. 15c; aoap, 5L804H cask
PROVISIONS.
PROYTiyONR—supreme hams 7874*. bellies
20028 pounds arerage, 8.*: fat hack*. 8.20:
Supreme lard. 10. Purity compound, 874-
r-allfornta bams. 10c; dry sail sxtra riba
814.
FLOUR AND GRAIN.
rt/)UR—Hlgheet patent. 16 78: beat pat-
ant, 55.25: standard patent 84.71; half pat
ent. 14 85: apring wheat patent. 58.09.
CORN-Vlo 2 white. 28c; eholce white, 80r
No. 2 yellow, T7c; mixed, 78c; cracked corn
per buahsi. T8<*.
CHICKKfc FERD—Flftv-poqoil sacks 81.00,
Penis Chirk feed. 52.09: \'lctnr feed. 82.5ft
OATS-No. 2 white. «7c: No. 8 mixed. 88c;
Golden oate, 83c: white clipped, <8c; fancy
*MBAl!^Wfiiin' S per 88-pound sacks. 78c; 45-
ponnd eacka, 78c; plain 84-pound sacks, 88c;
-mo. 51.0ft
IIAY—Timothy, choice large hale*. 51.38;
uo. choice smell hales, 81.80; No. L one-
third hales. 51 JO: No. 2. one-tblrd- hales,
5125: choice prairie, 5L00: Remind*. H.oi.
BHORTF—Choice white. 51.80; fence. 51.80;
brawn (80 to 100 ponnd*), 51.60; brand, 51.16.
COTTON SEED MKAL-Prlme per too.
J24.60: No. 2 per ton, 524.00; hulls per ton,
FISH.
FIBII-Brram 7c ponnd: enappar lot
aesad; trout la pound: blue fl»u 7c ponnd;
pompano. 20c pound: mrckerel. 1274c pound:
mixed flab. 6c pound; fresh water trout. 5c.
MONEY AND EXCHANGE.
Now York, Aug. 24.—Monay on call,
nothing doing. Time loans unchanged.
Sterling exchange—Posted rates,
54.834)14.84, with actual business In
bankers’ bills at 24.873004.8788 for de
mand and 84.(28004.82.88 for 80-day
bills.
Prime mercantile unchanged.
London bar silver, 5-18 advance, at
81 7-16d. New York bar illrer,
87 6-8c.
Mexican dollaro, 58 8-4o.
NEW YORK BANK STATEMENT.
New York, Aug. 24.—Tbe weekly state
ment of the New York aaaoclatra banka
shows the following changes:
Legal
l.8o).
required 5282,026,800, decrease.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Boston, Ang. 24.—Following wa* tbe bid’
MINING 8TOCK8.
Boston, Aug. 24.—Opening: Copper Ranga
84. Utah Mining 42, Shannon 1574. Calnmol-
Arizona 158.
LIVERPOOL DRAIN.
Corn closed Arm 84 to 174 higher.
4%
UNION
4°)c
SAVINGS BANK
Geuld Building
CAPITAL STOOK . . . St00.000.00
(810118018 rXoT
• 280,000.00 4 Jo
4%
$88,80«.00
GOLD BONDS
to net investor nearly 6 per
cent. Write for circular. J.
H. Hilsman & Co., Atlanta,
Ga.
r
ATLANTA NATIONAL BANK
ATLANTA, GA-
:. E. CURRIER, PreildtnL H. T. INMAN, Vlca-Praaldank
GEO. R. DONOVAN, Caihlar.
JAMES 8. FLOYD, Agglltant Cashler.
Capital . $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.