Newspaper Page Text
THE ATLANTA GEORGIAN AMJ NEVVH.
CABLE ADVICES
NEWS AND GOSSIP
of the Fleecy Staple.
jj eW York Responded With
a Sharp Advance at
the Opening.
TEXAS IS STILL DRY
Caused a Further Advance
in the Early Session.
Trade Active.
v>w York, Aug. 26.—Tbrtr cotton market
opened active nud decidedly higher. Its
ninln Influence wns a atrong set of cable*.
CmnmlMlon houses were conanlcuoua buyere
Lre l*oth on the call anrl afterward, lead
ing to not advance^ of 13©14 m j>olntii.
against 11.824 for the some day Inat ywr.
Totnl since September 1, 1907, 9,856,926,
Vrom the top prlcea of the morning there
nan 1\ recession of 6 to 11 In the active po-
•Ittone on proflt-taklng from satisfied small
longs, the closlug being steady 7 to 9 points
helow Snturdny's finals.
SPOT COTTON MARKET.
Liverpool, steady; middling 7.47.
Atlanta, nominal; middling 131'$.
New York, quiet; middling 13.50.
New Orleans, quiec: minuting n
Augusta, steady; middling 18%.
Savannah, steady; middling 12%.
Memphis. steady; middling 13%.
Oalvcstou. Arm: middling 18%.
Charleston, nominal: middling 18%.
Wilmington, nominal: middling 13%.
Norfolk, dull; middling 13%.
St. I.ouls. stendy; middling 13%.
Baltimore, nomlnnl; middling 13%.
Itoston. (inlet; middling 13.40.
Philadelphia, steady: middling 13.85.
Molilte. steady; inlddllng 13c.
Houston, steady; inlddllug 13%.
Clnclmmtl, nominal.
TODAY’8 PORT RECEIPT8.
The following table shows receipts at the
ports today, compared with the same day
last year:
••New Orleans,
•(ialveston. . . »
Mobile
•••Snvnnnnh. . .
Charleston. . . .
Norfolk. . . .
Baltimore. . . .
Totnl.
1907.
1906.
80
361
2,CoS
9,725
246
i.i ii
~~82
3.103
11.325
INTERIOR RECEIPTS.
1907.
1906.
Houston
Augusta
Memphis
St. Louis
Cincinnati
•1,698
18
156
83
102
6.204
441
12
"* 9
Totnl
1,967
6,666
•One thousand six
hundred new bales.
L. H. FAIRCHILD & CO.'S
WEEKLY COTTON LETTER.
oral bearish features of the past week, and
the market not only held Its mvn bill scor
ed n fair advance. There are «<*»d argu
ments to be used en each side of the ques
tion now. The boars olnlm that not enough
attention Is being paid to Improvement In
prospects In the Atlantic states, and call
attention to the fact that foreign spinners
are well supplied. They also predict that
the strained financial eondltfons are obliged
sooner or later to have an effect on prices.
It will ho noticed, however, that almost
everr bearish argument Is prefaced with “If
* * * The I
we have a late frost.” The hulls say that
the Improvement In the Atlnntlcs Is more
than offset hr continued deterioration In
the western belt, wlmre rnlns have been
deficient, and reports continue to point to
n most gloomy outlook. They Insist that
honvv early commitments are to he filled.
Special to The Georgian.
(From Hayward. Vick & Clark.)
New York, Aug. 26.-Hartlott, Frasier &
Carrington: Figuring from Friday 11 a.
nt., quotations to Saturday’s close, Liver*
P°°J due .% to 1 lower on near and 2%
to 4 higher on late. At 12:15 p. in., steady
* aftruuce. Spots steady, 12 points' higher;
middling 7.47; sales 6,CwO; American 4,800;
American 200.
The strike of 2,500 Canadian cotton mill
operatives has been settled, the company
agreeing to grant a 10 per cent Increase
to mule spinners nud operatives withdraw.
Ing their demand of 10 per cent general
rain in Texas.
Norden, Mitchell, Van Dyke and Mike
Thomas best buyers. Selling scattered.
Looks like a purchase ou any little reac*
wl__„
unry 12.26; March 12.39.
New Orleans. Aug. 26.—Bartlett. Frailer A
Carrington* No weather map yet. Private
vnrnuM'ni, »*o wemuer limp yet, grn.nie
reports say some good rains In northern
Texas. Rest of Texas clear.
Map shows generally fair western part
of belt.
Weather prospects Indicate rnln for Tex
as by Wednesday. This may depress mar
ket further, hut would buy on any good
setback.
While prospects of rain In Texas are
likely to cause a dull and inn yin* some
what lower market, futures are at too
much discount under spots, uml would buy
on depressions.
October is getting hard to trade In.
Monroe, La., wires: “J. II. J-Mwards,
puldlc sinner nt Downsvllle. fnlon parish,
ginned 810 Inst rear. Do not expect to gin
hut llttlo over 400 this year.”
COTTON YARNS ARE FIRM
ON 8MALL BUSINESS.
The New York Commercial: As the lines
of spring of 1906 dress goods are opening
at prices that are. In general, higher than
those of last season, many sellers were tin
easy In mind a# to how buyers would ac
cept the situation. During the past few
ifCerlngs and have placed Itliernl advance
orders. No one now doubts that the dress
goods mills will have ample work to keeh
their organisation busy on lightweight
lines. The plain staple fabrics are In
strongest demand, followed closely by the
worsted fancies. In tho cotton yarn
Edited by
Joseph B. Lively
MARKETS
Air. Lively's tweoty-flv*
years* experience of ed
iting market* la Atlanta
and the South ha* made
him a recognised au
thority Id hie specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
F5MIC OP bTOTK.
Amnl.
Copper
Am. Ire Securities. ..
Am. Sugar Iteflnery. .
American Smelting.
Am. Locomtlve. . .
do. preferred. . .
Am. Car Fouudry. .
American Cotton Oil.
Anaconda
Atchison
. do. preferred. . .,
Atlantic t\ Line. . .
Brooklyn Rapid T. .
Baltimore X Ohio.'
Cheja^eak^^Oblo
Pacific.
ateil (Ins.
iirnrrreu, . , ,,
Colorado Fuel A Iron.
Com Produce. ....
Colorado Southern. ..
Delaware A Hudson. .
Denver A ltto Grande.
Distillers' Securities..
Brie.
_ do. preferred. . i .
General Electric. . . .
Great Western
Orest Northern pfd. .
Illinois Central
Interlioro
do. preferred. . . .
Kansas A Texas. . . .
at
&
23
KAMR OP STOCK.
Kansas X Texas pfd. .
Louisville A Nnshvlllo.
Missouri Pacific. . . .
Mexican Central. . . .
New York Central. . .
Northwestern. ....
National Lead. ....
Norfolk A Western. . . ,
Northern Pacific. , * . ,
Ontario & Western. , .
Pennsylvania
Hock Island. . . . . .
do. preferred. . . .
Republic Iron A Steel,
do. preferred. . . .
do. preferred. .
St. Paul
Ten It. Coal A Iron.
Texas Pacific. . . •
Union Pacific. . . •
U. S. Rubber. . . «
do. preferred. .
U. S'. Steel
do. preferred. .
Western L’ulou.
Wabash
do. preferred.
fit
•Ex-dividend 2% per cent.
NEWYORK.
The following Is the range to cottoa fu
tures in New York todays
kets It Is reported that while the business
being done Is of very meager proportions,
the prices are being more firmly maintained.
The Southern yam spinners are not ins
anxious to close business this year ns the]
have l»een daring other recent seasons, nn<
this is hnvlng the effect of bringing it
* ‘ hold f
business that would otherwise hold fire.
her*' carnival, for
with buyers who are here to place business
and sales are reaching high figures In all
and sales are reaching blgh figures In all
departments. Bs|ioctalTy In the white goods
lines and linens buyer* arc taking ndvnh-
attitude toward fall merchandise.
omlng It
Johhcn
ght Itself. The silk trade Is active
delivery goods and prices on all wide
silks, whether In blacks or In color* and
In nil grades are In short supply with prices
firm and expected to advance. In tho men's
wear woolens aro moving to some extent
on repent orders tor fall delivery. The
Print Cloth Sales Small.
There can bo no appreciable change-In
rlnt cloth market as long ns the aup
ply Ys behind demand. Sellors hare run
their prices up as high ns the cost of
raw material will permit and aro standing
fast on orders they have In hand. On the
smnll amount of spot merchandise that Is
In this market or In tho other print
cloth centers, sellers are getting their
rs are nel *
nnui ccuuiip,
full asking price. Tho regnlnrs i
5%c and wide atnnlnrds are on n n
7%c. 1’rlntora are for the time be!
of the market and tho cuttlng-up t
the only prominent buying factor
being heard from.
teld at
ATLANTA MARKETS.
belt, and that It Is prqjinblo that the dnm-
age re|*orts from the west are somewhat
exaggerated, there can be no doubt but
that the crop ns n whole Is In a moat un
satisfactory condition, and will be esjpe-
even an average frost. Last year
bales of new cotton had been ginned liefore
September I. while prosjierrs are that by
least
where the yield will amount to sucl.
figure. Bradstreot's Trade Review snya In
pnrt: “In spite of high raw material the
mills are prosperous and dividends large,
surplus heavy and prices high. Mills are
oversold and some manufacturers are re-
fwdng orders."
It Is entirely possible that ns soon n*
the
Inclined to fnvoF purchases except
recessions, but we continue to warn onr
friends against short selling, ns we believe
contracts are obliged to work closer to spot
HAYWARD, VICK A CLARK'$
DAILY COTTON LETTE*
New Orleans, Ang. 26.—Considering that
the mnrkct advanced on nulte general rea
sons without the help of* some Inspiring
siM-elnl occurrence. It Is doing pretty well.
}Ve went a little fast Saturday, and a*
Liverpool nnd New York did not follow
this morning prices here fell back a little
hood prosiHH* f* for rain In Texas by
oeducsdiiy likewise Induced profit-taking,
which contributed to tno decline. A cold
wave Is approaching from the north, nnd
mnch cooler weather nnd shower* aro prob
able lu the west In a few days. The regu
larity and predominance of these Arctic
currents Is a typical feature of atmospheric
conditions this summer. It 1* getting so
[ate | n th e reason that chance* are that
|hls cold wave will definitely break the
beat spell In the west,
with regard to market prospect*.
should not make niueh difference,
now too late far rnln to enauge yield pros-
VlGl'tC l.i ni.lrt.UVI. Kd.lt.. PrtlllA
pects iii Texas materially. While rain*
may hare n temporary sentimental effect
"u the mnrkct. they do not niter the fnet
«bst futures are at ton much discount un
der the spot values, which condition calls
b>r adjustment gradually or by Jump* such
fl * wo had on Saturday.
The policy of buying on depressions sug
gests Itself all around. Weather conditions
in -
i the eastern half of the licit were favora
mo over Knndny. Generally fair prevailed
nu*l Is indicated for the next two day*. The
market at moment Is stendy with trading
around 12.71 for October.
KOOK—Active. 22e.
LITE POULTRY—Ifens, active, 401145c:
chickens (fresh), 16#30c. Duck* (l’eklri),
Do each: pundit. 26c each. Turkeys, active,
1! i&^Mi(n"rbriTnv - "-re. drawn,
nctlvc, II c«nt» pound: • active, Me
L >ounds bona,15c |i«*r |h drawn.
PlfooUcRird. IV «A
tie, 10c poundahonhler. life 100III
boner, bright, nettve. 10c pound: boner
l-ponnd block, nctlrc. UHc pound.
FRUITS— l.einons, fancy llmrai, 14.59;
bnn.no.. «He Ik; Pineapple,. Florid. stock,
none: lime.. Florida atnek. per hundred.
60e; pennut. In .nek. nvcrnglng 100 pound,
eori. owing to grade, wr pound.
cantaloupes, .low mile. 11.60efnle: witermet
on., 51,10c ench: Oeorgln peaches, 31.600
1.75 ernte: rhnhnrb. 75c ench.
VEGETABLES— I'otntoen. new. 59.75 Imr-
rel; per hnsh.l. 91.50. Dillon., Georgia. 11.60
per bushel: Kpnnl.h, 91.50 ernte: krnut, bnlf
barrel, 93.75; rnblmge, 2c pound.
Closed .tenilr.
LIVERPOOL.
Following Is the opening range, 2 p. m.
and close, compared with yesterday's close.
Futures opened barely steady.
Opening ___ Preview*
Range. 2 p.m. Close.
August 7.07 -7.08 7.09 7.06%
Aug.-Sept.... 6.96 -6.97% 6.97% 6.93%
97% 6.971
Sept.-Oct.... 6.83 -6.85 6.66
“ * “ 6.76 -6.77 f ‘
Oct.-Nov 6.76 4.77%
Nov.-Dee.... 6.70 4.72% 6.72'
Dec.-Jan.... 6.80 4.70 6.70i
Jan.-Feli.... 6.68 4.69% 6.68'
Fob..March..
r en.-.nnrcn..
Jlnreh-Aprll.. 9.70 -5.71
Aprll-Mny... 6.71 -0.7014
Cioaed barely ntendr.
NEW ORLEANS.
Ths following Is tha rang* Id cotton tn
turss In Nsw Orleans todsy:
hi
i|s |!I
1
n
Aug 1
Kept 12.95
Oct 12.72
Nov
DSC 12.64
Jan 12.99
Feb
March. . .12.74
12.96 ii!»5 *12.96
12.76! 12.66 12.97
ita# 1149 12!m
1165 1166 if.67
ii74ri2.67li2.67
life
12.93-97
12.66-67
1161
1160-61
12.66-67
12.60
12.63 66
12.96
12.96
12.72-73
12.67
12.66-67
12.61-62
12.66-67
12.70-72
Closed steady.
NOTES ON GBAIN.
Pointers on Provuion*.
Specritl to The Georgian.
iFroin liny ward, Mek ft Clnrk.)
Ohlmgrt, Au*. 20.—Bartlett, Frailer ft Car-
rlngton: Cable* on wheat Vi to Hd higher
nnd corn V t« Id higher. The foreigner,
.eein to evince eou.lderuble nmiety about
future supplies of whent.
The wenther In the mirtbwe.t I. bnd for
hnrveflt nmi we would not lie .ttrprlsod to
nee nn advance. ludtcntlonn point tow*nrd
a decline in wheat reeelptn.
While prlcea for corn hero nro above an
export hunt., wo ate not very far out of
line' even at thin edvnnee, but an our stock,
her, are eilrmely low It la not ueccaory
to hare an expert demand to maintain
prlcea, a. our receipt, are not lnrge enough
now to .npply dome.tlc demand. Receipts
mint Increase here or we will we a further
.ilrnnee In corn, anil there ore no liullen-
ilons nt the moment of farmers being will-
Oats receipts overrun estimates, but de
mand Is extremely good, niul wc do not
look for any recession In prices.
Our Liverpool cable says: “Weather in
England ha* been favorable recently, bnt
harvesting prospects are indifferent. heat
very firm with good continental demand.
Supply not equal to demand. Corn higher
on American advices."
Budapest spot wheat closed l%c higher.
..living of wheat by Bartlett, Frasier A
Carrington caused sharp spurt. I*lt traders
tailing i
Chicago* Becord-IIernId: Roas T. Bmytb,
of Liverpool, In a letter Written August 14,
was prophetic. The grain markets and the
eatner have closely followed his predlc-
WHEAT, CORN, OATS
ARE IN BRISK DEMAND
WEATHER REPORT.
Prices Ruled Strong and
Sharp Advances Were
Scored.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter ,
Corn—No. 2
Oats—No. 2
Chicago, Aug. 25.—There was a genuine
boom lu cereals with tho .uppllea coming
out only on the bnnl .pots. Whent closed
Wheat .cored a good advance during the
morning and trade re.iiondcd remarkably Id
view or continued telegraphic restrictions.
In wheat. Foreign wheat news wn. nil bul.
Inh and Included oenaatlonal advance. In rye
nt Berlin anil * ‘ —
wage toward America.
HBWmmz Irately ft Co.: "If ■
really had wenther were to sctHHMH
khe remainder of August and early pafl
of Septemlicr Kngllah wheat In nnnllty
would not lie HI for using for months, ne*
Ire.sltatlng nn urgent derannd for forelgm
wheat. Under «urh condition, presenl
price, would prove too low. and tbera
would he a smart adrnnee In tho market. It
I. quite evident that for the preaent nobody
m America ban paid mnch attention lo the
Manitoba crop report., hut If that, crop
doe. not quickly Improve, nnd should be
dnm.geil by fro.t next month, we take It
GROCERIES
ntrr-Jin MKHe; head Wc fancy head
T(rme. according to tha grade.
ChBBBB—Fancy full cream. IT centi;
Georgia ean. »yrup 21 eeat. gallont anU,
lOT-l-ound. «r: axl» greano M.7S: aoda eraek
era. pound: lemon. «c: oyster, 7e: liar-
rel eendv. pec pound. «4«; mixed, pet
- — 5 pound. 95.W case:
i. 92.25; Lima hean,
DM, 91.65; macaroni
nei. mustard. u.i rip
iUon,< nnilim: inruian, nnninni, ms-.
8TTGAll—Standard granulated. 5iii N*K
V c r oFFf. n B-RoV.^tr , A D rbuiki;. t «i5; bulk I.
.. d?a *1-1
tipc. and lutrrela 12e: gre«n llOlle.l ■
Khrcdd*.! biscuit IS cue: No. 2 rolled ont,
chocolate. *1; snuff, i lk
Jar». «e: roast beef. IT.M ca«e: corned heef,
13.60 case: catnap. |L»0 cn.c; atrup. New Op
lean.. Me Mb on: earn. Me gallon: Cuba
potuh. 53.25431.50
l ply cotton, lie:
PROVISIONS.
pnnVISlONH-Mmreme ham. 1514c. hetllea
3C<!25 ponnd. arerage. 5.55: f.t back*. 9.31:
Huprenra lard, Kk Furlty compound, 9%
THE METAL MARKET.
quiet. There wna nn changa
noted In tho price, of copper nnd lead.
Hpelter wo. down 5 point#.
Tin wa, He higher.
COTTON 8EED OIL MARKET.
Following I, given tha opening and do*
Ing quo ration, or the New York cotton iced
air market. . ,
..w
Angnat. .
Heptcmher.
(tetoher. .
November,
ftecember,
January. .
. «*««
. 41 041'
. 4OH041
Swift ft Company'a salct of fresh lieef In
Atlanta for the week curling Saturday,
Angnat » average 0.17 per pound.
HAYWARD, VICK & CLARK,
an Important fact, and we .
ace prune smart reaction. In American
prlcea. Any Important cnrfatlment In the
quantity of or depredation In the quality
of Manitoba wheat la a ocrlou. thine fur
nrltlsh miliar., because the experience of
recent year. hn. proved that It la tin nor
relying upon the state* for nny quantity of
spring wh-nt. We must get It from Canada,
llnriiui wheat la no use as u substitute for
Manitoba, and the prices generally inked
for Pulnth make basinets vary difficult
anil spasmodic."
_ ... Omaha retire.ted
bts former estimate of 75 per cent of In.t
year, anil Ferguson of IJncnln .aid tht
tmrrllng man. Touched tor by Mr. Halley
an well posted. Intelligent anil reliable,
claimed In wrton.neea that Iowa's yield
would not he over 55 per cent of last year.
Tho Itgurea were of course too low, bat
they were taken aa a fair Indication of a
short crop of corn In that stats.
Pm! S. Lewis la now vice-president of the
ken Into the roniMtiy end elect
new imalllon at lb* annual meeting a few
days ago. He It well and favorably known
oa the tmard of trade nnd has grown up In
the hnalnesa. J. W. Gifford, oTMIuneapo-
II* ban been made assistant seeretnry. I!.
W. Mother retires nnd James U. 5lnrtln site,
reeds Mm ss president. The Weyerliauser
Interests In the company remain the same.
Canadian north wet given Be .
houses and hanks are had. Crop eattmnte
63,000,000 biith-ls at bent."
Argentine shipments:
Whet.
Thin week
taint week
Cnr. week last year ; l.TOs.OOO
Since January 1 94J54.0D0
Same time last year 77,993.000
Com,
L874466
1.666.000
2,619.000
ratlforRla bams. TOci dry sail extra riba
COTTON, 8TOCKS, BONOS, COFFEE, GRAIN AND PROVISIONS.
Carondelet and Ornviar 8ts„ Ntw Orlaan..
MEMBERS:
Fsw Orleans Cotton Eiehnngc. New Orleans Future Brokers' Aseoctnttcn.
NSW York Cotton ExofitoWi* New fjfleana and Cbjnf^doarda of rrsde,
Os.r;:tan Cotton Exchange! Saw York Caff** FxrtitW.
Houston Cotton Kxchangc. Associate Memliera Uvarpool Cotton Ass n.
New York and Chicago Corrrapendentt:
J. 8. BACHE A CO., AND BARTLETT, FRAZIER & CARRINGTON,
PRIVATE WIRE8 TO ALL POINTS.
FLOUR ANO GRAIN.
F9.0UB—Highest patent, K.W; best pat.
rrtt. |5»: staudnrd patent 14.76; hnlf pat*
Sf. {4.66: tpriox wbent patent, 16.00.
CbllH-Vto 2 whlt^ rbolce white, »0e*
No. S yelloir^nc; mixed, i6o; cracked corn
Tn’icKKN T F | ' : , RI lr£ l, %F? ,,n i "raks (LOO,
Funln chick feel. 92.CM Mctor hed. 91.3P.
OATB-No. 3 whlte.rciNo. 9 mlxeil, 43c|
Golden oatn. «2r; wkltn clipped. 69c; fancy
whjra^ellp^ei| n ^ j^ n(j jjpgj Tj,.
, ul sacks. 79e: plain 24-ponnd sacks, iocj
^SaT—Tbnothr. choice hirco hnlea. 91.25;
do choice aninll lialca. il.M: No. 1. one-
third tuilea. 91.30: M. 2. one-third linlca,
brown (SO to ino ponnds), 11.50: brand, $1.85.
COTTON «RKI> MRAl^FHmo o*r ton,
$26 60; No. t per ton, 124.00; bull* per ton,
S13.60.
Berlin and ffood jniln* lu wheat nn well
at Liverpool. BudApest nud In Hngllsh
mntry market*.
World's shipments of wheat for tho week
were ngnln small nt 7,600,0(X) liuahels. com*
pared with 7,100.000 bushels n week ngo
and 9,400,000 a year ago. Canadian crop
newt was mainly bullish. There were re-
•*t di
rts of frost (lninage nnd severe losses
in western Canada. Buying orders were
numerous from Winnipeg. Northwestern re-
eclpts 164 ears, and Chicago 207 cars, com
pared with 172 and 266 cars, respectively, a
year ago.
Crop reports on corn were mainly bullish,
nnd with smaller offerings, the price ad
vanced without any effort ou the part of
the bulls.
Oats were Retire, with shorts soger buyer*
of ftcptemlicr.
Chicago, Ang. 20.—The wheat market
started firm nnd higher this morning, with
prices aUvsnciug nearly lc liefore much
wheat was found for anle. .Shorts and pri
vate wire houses were buyer* st the open
ing. Home realising on the advnnre caused
a moderate reaction, but the undertone
continued firm.
WEATHER CONDSTIONS.
Clear wenther prevails todsy over the en
tire country and there lisa been very little
precipitation east of the Mississippi.
Showers have occurred In the Dakotas,
Nebrnskn and portions of western Texas.
IMn was falling this morning at St. i'aul,
TIPS FLASHED
From Wall Street
Hheclal to The Georgian.
1 (From JJnywnnJ. Vick A Clark.)
New York, Aug. 26.—Bartlett. Frasier A
Carrington: Americans In London are gen
erally above parity. Canadian raclflc,
Northern Pacific nud Union Pacific aro the
strongest.
The action of the secretary of the treas
ury Is flndlug more favorable comment nnd
the process. It Is thought, will prove more
beneficial If It was deposited In linlk.
The bear crowd sold tl»e umrkot after
the publication of the bnuk statement.
There nro now two sides to tho market,
nnd a very Interesting contest will lie
wnged. On the weak spots tho market
should lie purchased nnd advantage taken
■Tho controller „
Issued a call for a statement of the condM
tlon of the national banks nt the dose of
business Thursday. August 22.
Tnere Is some selllug of stocks ou rumor
that there will lie a failure auuouuccd to
day. This Is gossip only.
Tow n Topics: The absolute lock of con
vincing support, even In the best stocks,
shown that the more Important Interests
are not Inclined nt this time to further ex
tend themselves In nn effort to make the
market look attractive to a thus far unap
preciative public. We expect to aee a re
newal of aggressive flourish aggression this
week, based on the prospeet or further dlvl-
dend redactions. A good deal of liquidation
tho lowest prices of the year generally to
lie recorded. New York Ceutrol will lie
of the principal targets of the liear*.
lero will be talk of reduction In
*ie Indus-
deed we do not expect to see a revival on
this section of tbu list until the copper
metal and pig Iron situation* are clearisl
ter advantage, while the shrewd trader
will lie able to turn some good profits on
the short side during the week.
w heat nnd cotton will be nff<»cted by tlio
stock market’s reactionary tendency, liny
them only on tho very sharp breaks for
turns.
New York Financial Bureau: Latest de
velopments show nupoprt nt level limits up-
.'upper 66 lo 66. Anaconda 42 to 43, Atehlfsui
Facl/lc so, Htccl 29. Steel preferred 91. If
these are removed professionals will at
tack. If not they will have to cover nnd
TRADE WAS LIGHT
AT THE OPENING
Prices in the Prominent Is
sues Were Generally
Higher.
SAGGED OFF LATER
Recovered the Loss During
the Morning Session.
London Higher.
New York. Aug. 18.—The whole course of
the market this morning wns calculated to
lie wild to the sverngr observer. At times
It had the eustomnrr Indication of a sold-
out condition. At other times it manifested
n considerable degree of sensltlreness. Fol
lowing s rise In prices alirond the list had
opened up sharply. Union 1‘aelflc, Heading
and other representative Issue* sold within
heavy selling then appeared
low record. This
Uenda on New York Central shares Is not
very large and that if the mine conditions
nil In the company ns have Induced
Krle directors to withhold their divi
dends a reduction In the New York Central
dividend la entirely probable. FennsylvanU
was conspicuously wens ru sympathy. —*
however, so far ns the irenernf list xvai
etllng
— Jne than
dn tlon. nnd when this ooserratlon been mu
__ —e ■ gem
concerned, as If short selling was IwvId;
more to do with the decline tlinq real llqul
nmntntakntiiy plain a quick recovery from
the low point* set In.
New York, Aug. 26.—The stock market
opened nt v almost general advances over
Saturday. Union Pacific was up a point.
American Smelting nnd Anaconda opened
higher. Pennsylvania and Baltimore nnd
Ohio were up %, New York Central nnd
Atchison %, Amalgamated and Interboro-
London higher. Atchison up %. Bending
- %. Union Pacific % higher. Pennsylvania
Wp-“ "—* - r - •
% higher, hleel preferred % up, 8t. Paul
Vi up.
MINING 8TOCK8.
Copper Range 64%.
nnd thu Dakotas, and Is nowkero above nor
mal.
The temperature la lower over the states
east of tne Mississippi except along the
COTTON REGION BULLETIN.
For ths 14 benra ending nt 8 n. o., 75tb
meridian time, August 26,
STATIONS
ATLANTA
Atlanta
Mfhatti
'Chattanooga, clear. .
Columbus, clear. . . .
•♦♦Gainesville
•••Green vIHe
Orlffln, clear
••Macon, clear
•••Moutlccllo
Borne. .......
Spartanburg, clear. . . .
•••Tallapoosa
•••Toccon.
~Weal Point.
•Minimum
Ttmptrahn.
ill
Um.1
Mis. 3
III
K
W
96
i
.do
.00
.00
si
6i
.66
94
64
.00
83
60
.66
for 12
••Received late,
arerage*.
'"Missing,
hours
’NoMnciuded In district
CHICAGO CLEARANCES.
Chicago, Aug. 26.—Following wero the
(hicago clearances today: Wheat, 181.000
bushels; com 90,000 bushels; oats, none;
whent nnd flour equal 43,000 barrels.
PRIMARY MOVEMENT.
Following were the primary movements
for today and last year:
xx*». n .» n 1-,. *-.1-- 998.000 bushels,
today, 416,000 bushels, against
►nr; shlpn
603,000 bui
...... ...celpU
against 579.000 bushels last £enr;^shipments
441,000 bushels
LIVERPOOL GRAIN.
end of five minutes* trading the
market wns quiet nnd ns a rule thero were
recessions of %ff% from early high prices*
('losing blda follow:
Railway Stocks.
Atchison 85 5*8
Baltimore and Ohio 89 3*8
Canadian Pacific 166 1-2
Chicago and Northwestern .. ..1401-2
Denver and Rio Grande 21 3-&
Louisville and Nashville ..
. ..104 1-3
Mnnhttan "L"
. ..113
Mexican Central
. .. 17 7-8
Missouri Pnclflc
. .. 65 3-4
New York Central
. ..101
Pennsylvania
. ..1171-2
Rending
. .. 91 1-3
Rock Island
. .. 181-2
do. pfd ,.
. .. 42
St. Paul
. ..120
Southern Pnclflc
. .. 83 3-8
Southern Rallwny
. .. 161-3
Union Pnclflc
. . .125 7-8
Wabash
. .. 11
Interboro-Motro
... 8 1-2
do. pfd
. .. 32 3-4
Great Northern
. ..1201-3
„ Corn opened Iffid higher and nt 1:30 p. m,
!iGV4d Higher. Cloned %<ftl% higher.
CHICAGO CAR LOT8.
T ?8U'
l 127
Oats 646
Hogs, bend 23000
CHICAGO GRAIN MARKET.
Following arc the Chicago grain anil pro-
visions quotations (or loUujr, couiparad with
fratorda/'a close:
Previous
Open. High. Low, Cloee. Close.
Sept.... t9%
Dec.... 68%
May.... 69
OATS—
Kept.... 62
Dec.... 43%
May.... 49%
FOHK-
Hept.. 16.26
Jan.. 16.90
LARD—
Kept... 9.10
Oct... 9.22%
Jan... 9.90
BIBS—
Kept... 8.75
Oet... 8.86
Jnu... 9.22%
92
91%
97%
103%
90
m
9.15
Y%
9.07% 9.15 9.06
!.’! !:fe* i:3
9.22% 9.22%
LIVE 8T0CK MARKET.
Chicago. Aug. 26. —flogs—Receipt# 21000.
Market 6010c higher; mixed and Imtchera
* ‘ 1606.25: rough heavy
00; pigs M.7506.66;
P&i 1BT.V »'
balk of Mies M.0
Cattle— Itnvlpis 23,OOP. Market the high
er; rows and hclfrrs Jl.6005.40; stockrrs ami
feeler. 12.6004.50; Ten,ns f3.K05.4O; eslve#
86.16491.69,
• ,ron ‘ !
THE COFFEE MARKET.
The following figures give the opening
..rage amt close lu the New York coffee
market for today:
January
February
‘sr-
v. ::t:***
iC::::::::
June
July
August
September .. ..
October
November .. ,. „
Deeend»er .. ..
rK .i«0: an« I'aTw tag,.
Atlanta.
Augusts
Charleston. .
•••Charleston.
•••Little Bock.
Memphis.
rapbls , .
_ jWle
Montgomery.
New Orleans,
•••Oklahoma.
Savannah.
rwTimlinii. .......
Vlekslmrg
Wilmington
V. inaioates inappr
DISTRICT AVER ACTS.
es Inappreciable rainfall. (1) l*or
w-- STL- v - -
yesterday. (2) For 24 hours ending 6 a. tn.,
(Ith^^merldUu time.
Remarks.
The temperature remains about stationary
In nil districts heard from. The rainfall has
lieeu light, and ronflneil to the east and
south roasts. Clear weather prevails this
morulujt In neerfy all dlatrlcts.
MAIlBURY, Meet Ion Director.
WEATHER FORECAST.
Washington. Ang. 26.--Weother conditions
and general forecast*
‘ depress!
[epresston of consldernblo extent over
lies tho Dakotas this morning, while s ridge
of high pressure extends In u northern and
southern d free ft on from the east gulf state*
to Lake Ifnroti. There has lieen very lit
tle precipitation In the last twenty-four
Increase In cloudiness with local rains
the Ohio valley and the lower lake region
Tuesday.
The temperature will change but little.
Forecast until 8 p. tn. Tuesday:
Virginia: Fair tonight; warmer In west
ern portion; Tuesday partly cloudy; possi
bly showers In mountain districts; light
TJortll rarollna: m Fair tonight snfi Tues-
light variable wtnda.
Hotllh ,'a roll it:,. Georgia and Ba start, Flor
ida: Fair tonight and Tuesday: light varla-
Fair to
ol* hi and Tuesday; wanner In northeastern
Alabama tonight: light rartabta winds,
^klr^'tonlght and Tn.sdnyj
light «i»t to southeast wind*.
5.60-5.65
r^jsr
IFBwhiuiti »*I
ern end central portions; Tuesday showers.
Kaatoekj: Unir and warmer tonight;
T £euf«iaM: K*tr tonight; Tuesday fair.
except showers In southeast portion; T
to fresh easterly winds on the coast.
Rnntern Texas: Fair tonight and Tuca-
dny; light to frealt southeasterly winds ou
the coast.
Western Texas: Showers toulgkt and
Tuesday.
Oklahoma, Indian Territory and Arkan
sas: Fair tonight nnd Tuesday.
4% UNTON 4%
SAVINGS BANK
. Gould tlulldlng
OAPITAL STOCK . . . S100.000.00
-JT— RESOURCES j-T^r
4 /0 S1S0.000.00 4 /o
Mlscellanooui.
Amnlgnmat.d Copper ., .. -
American Car nnd Foundry...
American Locomotive .. ,. .
American Cotton Oil
American Smelting and Refg
do preferred
Brooklyn Rapid Transit .. .
Colorado Fuel nnd Iron .. .. ,
Notional Lead
Pressed Steel, Cnr
Sloss-Shefn.ld Steel
Sugar ..
United Stntes Steel
do preferred
Western 1 Union
Virglnla-Carollna Chemical..
70 1-8
87 5-8
El 1-2
81
05 1-8
95 1-3
(2 3-8
.. 24
.. 45
.. 27 1-8
.. 48
..113 7-8
.. 31
.. 03 1-4
.. 75 3-4
.. 19 1-3
MONEY AND EXCHANGE.
Kow Y'ork. Ang. *1.—Money nn rail, 2'.i83*
dn-' 50514; six mouths. 6WB7.
Sterling rxrhnnge, 34.*404AS, with nrtunl
liusineju. In Isinkera 1 kills at 34.K7O604.871O for
drinnnd uml nt 34.827504>;7S) fur May hills.
Prime merrantlle |,n|>er tin,-bunged,
iamilon Imr silver 1-IM lower at 31 ?,16d.
New York Imr sliver, (314e.
Mexican dollars, 12%.
BANK STOCKS.
Central Bank •& Trust
Union Savings, Lowry
National. Prices on ap- ’
plication.
HILLYER INVESTMENT 00,
Bond Dop’t. Englith-Amoricen Bldg.
THE AMERICAN AUDIT COMPANY
Home Ofllce, 10C Broadway, Now York City.
F. W. LAFRENTZ, 0. P. A., President
C. E. Manuring, Vie, Prexldant, Thoo. Cocheu, Jr, C. P. A, Src. and Trtat,
BRANCHES
ATLANTA—Fourth Nnfl Bant: Bid#
CHICAGO—Marquette Building.
rillLADELI :|A—Bell.rue-Stratfort,
SAN Fr.YNCISCO—Belien Building.
NEW YORK—Waldorf.A.torllL
BOSTON—Exchange Building.
WASHINOTON—Colorado Building.
NEW ORLEANS—H.nn.n Building.
BALTIMORE—Fidelity Building.
LONDON. ENGLAND—4 King Street. Cheapsld*.
AT-ANTA BRANCH 1015-18 Fourth National Bank Building.
0. B. BIOWELL, Besident Manager.
Telephone. Main 872. /' Cable Address. Amdlt. N. V<
L. H. Fairchild. Eetabllxhed 1885. 8. J. Whitt,
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Member*!
New Orleans Cotron Ktehaoge. New York Coffee Exckeega.
In Ter* Cotton Imuol New Orleans Board of Trada.
vew Orieoes Rtaek nxehange. chlengn Iiniml of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wire, to NEW YOBK and CBICAOO. Order* solicited JUr^fatm. ja«»
sit on ahov. Biehanara
COTURAM
ALONZO RICHARDSON & CO.
Public Accountants, Auditors and Bank Examiners.
pomps no, 20c pound: nudUfri, 12%c pound;
lulrtfl fish. 6c nonml: frssh wntor trout. 6a
Audit*. Special Examination*. Coitlng and System.tiring,
EMPIRE BUILDING. ATLANTA, GA.
FRANK HAWKINS, President.
^ XL ATKINSON,_V!ce-l'resld«nt. JH9. Uj 5a..C,..RRWI!4. Ca«
* ■. M. A A 5* I •- 4Jv4*i w ■ XW a a di-m. u..
JOSEPH A. M'CORD, Ylc^Prvsldeat
iwaanji v, Rlinin, LlgMB,
W. IIYEIIS, Asalataot Cashlst.
Third National Bank
Capital ■ • •• $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALflOUN*
MILTON D ARO AN.
FRANK HAWKINS*
II. M. ATKINSON. .
JOHK.ru A. M'CORD,
I. B. NUMHAIXT.
i %f n iokil^ xkK
PAVID WOODWARD.
raaikwrt
I 8
MH
i imp I
_