Newspaper Page Text
19
THE ATLANTA GEORGIAN AND NEWS: TUESDAY, AUGUST I, 19IJ
MARKET NEWS
Kr. lively's M |mm* «Mrt«N •€
editing mark afts la Atlanta im the Booth
h*« n*4o hip a issVgnfssd aattority la
wo lyMtoHyT
COHON ADVANCED ON
POLIMJIIUAIION
August 29 Points Up With
Later Months a Gain
of Few Points.
better conditions abroad, the cotton mar
ket opened today with prices ranging
from unchanged to 8 points higher. After
the call spot houses joined the buying
movement. Futures were steady and spot
Arm In Liverpool.
. At the close the market was steady,
with an advance of 19 points for Au
gust, and other months were followlm
with gains above the previous close oi
Monday.
Warehouse stocks In New Tork Tues*
day *3.030. certificated 60,611.
Estimated receipts Wednesday:
S ew Orleans None. None
Uveston v ..1,600 to 1,600 SSI
8POT COTTON lylARKBT.
SB. QUM-.
steady; middling 6.62.
New York, quiet; middling 12.50.
Augusta, quiet; middling lift.
Savannah, nominal; middling 12%.
Galveston, quiet; mldd!ln^lJ%.
iTon.’nominaT
RANGE OF NEW YORK STOCKS AND COTTON MARKET
FAME or STOCK.
Mobile, nominal; middling 12c.
Boston, quiet*, middling 12.60.
* *phla. quiet: mfddlji
Baltimore, nominal; middling 12*0.
Memphis, nominal: middling 12c.
Houston, easy; middling 13c.
8L Louts. nominal: middling 12*0.
Louisville, firm; middling 12*0.
Little Rock, nominal; middling 12%.
Port i
last year;
Ksw Orleans. . .
Galveston. • , . ,
Mobile
Savannah. . • • .
'Charleston. . . . .
Wilmington. .. , ,
Norfolk. . . •
• Toui'.'. ’ . rr
^l«w bal«a to <Ut».
1 iiTT I mo.
Mil
a
SiT
INTERIOR RECIPT8.
Interior receipts, compared with same
day last year:
" 1011.
Houston. ...... 1,271
Augusta. _ .
Memphis. . •
8t. Louis. .
Cincinnati. .
Little Rook.
Total. . .
fit’
107
TIiT
ToioT
129
270
"TO"
COTTON MARKET OPINIONS.
J. R. Wllltfton A Co.—Would sit still
on short cotton over the Government.
Thompson Towle A Co.—-There la noth
ing in the situation more than a rally,
which may possibly hold the price level
for the winter months, near tne 11-cent
level for awhile.
much of a market factor.
. J. 8. Dacha A Co.—Present prices are
beginning to attract trade buying, and
tho It Is possible for temporary lower flg-
be seen, we believe In the long
Amal. Copper. . 7.
Am. Ice becurltles. .
Am. Sugar Kef. . . .
Am. Smelting. . . •
Am. Locomotive. , .
Am. Car Foundry. . .
Am. Cotton OH. . . .
Am. Woolen. ...
Anaconda. .....
Atchison
Atlantic Coift Line-
Baltimore A Ohio. *. .
Canadian Pacific. . .
Corn Product*. . . .
Chsaa. A Ohio. . . .
Consolidated Gas. . .
Central Leather. . .
Colo. Fuel A Iron. .
Colorado Southern. .
Delaware A Hudson.
Denver A Rln O. . .
Distillers* Securities.
Erie. . .......
do. preferred. . . •
General Electric. . .
Goldfield Con
Great Western. • • •
Great N. pfd
Great N. Ore
Int. Harvester. . • •
Illinois Central. . . .
Interboro ,
do. preferred. • . .
Iowa Central
Kansas C. Southern.
Kansas A Texas. . .
do. preferred
tBT PRIVATE LEASED WIRE.)
FAME OF STOCK.
Ifjlgh Valley
wra-as?
Northwestern.
National Lead.
Northern Pact tic.'
Ont. A We.tern
Pennaylvanla
Pacific Mall
Peopla'a O. Co
Pressed .Steel Car
Reading.
Rock Island
do. preferred. ......
Republic Iron and 8. . . .
do. preferred.
Blode-Bhetttetd
Southern Pacific
Southern Railway. .....
do. preferred. ......
St. Paul
Tenn. Copper
Texas Pacific
Third Avenue.
Union Pacific •
U. S. Rubber
Utah Copper
U. S. Steal. . .' .
do. preferred xx:
Ve.-Cer. Chemical
We.tern Union
Wabaah
do. preferred
W'houa. Electrle
WU. Centra). . . ;
W. Maryland.
x—Ex-divtdcnd 3 per cant, xx—Ex-divid.nd lit per cent, xxx—Ex-divld.nd lit per cent. Total MfaTYfEli
NEW YORK.
Cetton quotations:
o
!
s
1
li
J | II
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mch.
May
11.9ft
11.11
10.95
|., v s
10.92
10,91
11.03
11.12
1516
11.20
11.05
10.01
1LM
11.01
11.10
11.22
11.95
11.02
10.92
10.88
10.92
10.86
MJf
11.10
TTIT
11.11
10 !l5
io:»3
10.93
U 91
11.02
11.12
iuMJIUoTW
11.11- ll 11.06-07
10.94-96 10.89-90
10.93-04 10.80-84
10.97-98 10.88-90
10.91-92 10.89-84
11.01-02 10.94-96
11.12- 16 11.06-07
Closed steady.
LIVERP00L
Futures opened quiet and steady.
Opening Previous
, Kangs. Close Close
lugust. . 6.25 -*.30 6.S1 6.26*6 6.27*6
iiia .fUnt ft.20 .ft 14 6.15*6 6.21 6.10
6.92 6.97 6.86*6
6.86 6.90 6.80
6.80 6.85*6 6.76*6
Oct.-Nov. 5.90
Nov.-Dee. 6.84
Dec.-Jan. 6.82
Jan.-Feb. 6.84
Fab.-Mch. 5.81
Mch.-Apr. 6.90
in
lloaad vary ataady.
Ml
3.23% S.M 3.72
B.H» 6.81
...... 6.91% 6.11
6.17 6.91 6.91
NEW ORLEANS.
AUff.
Sept.
Oct.
Dec.
Jan.
Pab.
Mch.
May
Closed steady.
Sharp Upturns Continue
. During the Ses
sion.
All
11111 111
1
U
Il.60ill.f6lil.fc4lli.71
11.10 11.10 10.98 11.01
10.91 10.96 10.85 10.86
10.87 10.96 10.84 10.87
10.89 10.97 10.87 10.89
ii.ooii.07 io.97 io.98
11.08]ll.08|ll.08|ll.08
11.67-70
11.00-03
10.86- 17
10.86- 87
10.88-89
10.99
10.98-99
11.07-09
103
10.93-11
10.84-15
10.64-86
10.86-87
10.91-92
10.96-97
11.06-07
ay CHARLES W. STORM.
New York.-Aug. 1.—Irregularity and
dullness marked tne trade In the market
at the opening, practically the only fea
ture being trifling gains in Lehigh Valley
and Bethlehem Steel Corporation. United
States Steel common opened with a gain
*' but was shaded. There was a re-
J of about *6 point In Union Pacific
and fluctuations were frequent In the
copper stocks. Trading was at a Jow ebb
and the buying and selling almost as a
whole was carried on by professionals.
* m * inouncement of Standard Oil of
- of reorganization had no influ
ence either way on the stock market, nor
on the curb, where It fa listed. The quo
tations on Standard were unchanged at
the curb opening. Amalgamated Copper
and American Smelting opened unchang
ed, but fell off. Brooklyn Rapid Transit
was strong on the subway situation,
opening % higher. Canadian Pacific was
heavy.
Atchison and Erie made gains of
each In their first few sales. Americans
In London were firm In tone, being ex
ceptions to the general list, which was
weak and irregular.
I Jfni I I
nornlng, both Union Pacific and Readlni
lecllnlng about 1 point and fractions
osses were sustained 4n nearly all tl:
isuolly active issues. The various special
les were neglected. Foreign selling also
lelped to make the tone heavy.
*D NT STOCKS t dal..
A higher tone prevailed In the stock
Designated Depository of the
UNITED STATES, COUNTY OF FULTON AND
CITY OF ATLANTA.
.... thigh .
Smelting yielded % point,
loasea ware sustained In a
others. The bulk of tho aell-
ged to have come from a '
ch la .iow on tho bear side.
CONDITIONS OF OROWINQ CROPS.
The Journal of Commerce haa the fob
lowing on the condition of crop.:
Replies from 1,946 special correspon
ds. of Ml IVVHI date of July U make
the percentage of condition M.9, the high
est In the eleven years of the special re
ports of this paper. This compares with
16.9 per cant a month ago, or a raise of
one point, and 7.7 points above the ten
year average of 79.1 A. a rule report,
were of a highly aatlfactory nature and
It la only In North Carolina, Mlulnlppl,
Lout.nna and Oklahoma that cotton haa
loat from It. high condition of la.i month.
HAYWARD A CLARK’S
DAILY COTTON LKTTBR
New Orl.ane, Aug, 1.—The Journal of
Commerce make, the condition to July >1
86-9, agaln.t 88.1 a month ago. All suits
ar. given an Improvement with the «x-
c.ptlon of North Carolina and Okla
homa. which .how a decline of .08, and
Mlulaalppl 1.8 daclina and Louisiana l.l
agalnet It a month ago. Liverpool ahowi
a steadier tone and made a full response
to our recovery yesterday. Spots 16
points higher: sales 6,000 hales That
market will be closed Saturday, the 6th,
and Monday, tha 7th. Abilene. Tex., re
ports a destructive wind and hailstorm.
Charlotte. N. C„ aaye crop, are burning
up In that Immediate Motion, and 160
manufacturing plants have been forced to
atop operation, owing to lack of water.
Heavy general rains occurred In the cen
tral states and Tenneatee and light gen
eral showers In the Eastern states.
Oklahoma had good ralna and a heavy
weather In the Western states, hut eon-
central anil eastern
The market advanced this morning on
short covering on the unfavorable weather
and better mil! news, October selling to
10.96, and showed a better tone with a
tendency to advance further, but the eud-
den drop In foreign eecuritlee revived the
fear of political troubles abroad, and thle
i crop on our markets.
n; Sep-
sm
NEW YORK PRODUCE MARKET.
New York, Aug. 1.—Wheat, firm
torn her, 96 *6 ©95 *4; December, 96%
■pot No. 2 red. 92*4
f. O. b. Corn, InactWe, no. * in nrvmur,
70; export No. 2, 69*4. Oete, easier; natu
ral white,'46*6&46V6; white clipped. 46®
60. Rye, quiet; No. 2. nominal f. o. b
New York. Barley, quiet; malting, nomi
Flour, quiet: spring patents,
straights. 4.40© 4-60; clears,
winter patents, 4.60©4.7l; st
©4 25: clears. 2.45©S.70.
i 5.25;
(6.00© 5
. |4.00©4
straights. 4.00
f, steady; family, 12.00© 12.60. Tork.
/. family, u.oo©
steam, 7.85; mld-
w, nulet; clt
In tierces. 6
Lard, easy; clt;
die West spot. 6.70. I
In hogsheads, 6; country,
©€.
wj . v.ajr It) .
est spot,^8.70. Tallow, quiet;
MONEY AND EXCHANGE.
N«w York, Aug. 1.—Money on call. Mi
time money, firm: 60 days, 2% jper cent;
90 days, 608%: six months, 8*404.
Posted rates: 8t*r1lng exchange, 84.86
wlbh actual business In bankers’
bills at 14.8610 bid and asked for demand
and 14.8410 bid and asked fer 60-day bills.
Prime mercantile paper steady at 8%
per cent
Commercial bar silver, 62%; off %c.
Mexican dollars, 46c.
London, Aug. 1.—Bar sliver, dull-at a
decline of 1-16 to 24 l-16d.
METAL MARKET.
New York. Aug. 1.—At; the metal ex
change the tone was strong today. Cop
Aueust to 00,0
. ,pe,,?r - ,SMC5 - 90:
LIVE STOCK MARKET.
r Cot«»
arasoula4lMM.I.otvMUwi O'Kmn (J ,«rtl» •
'I 9 %Mdri <g$rt'n. (8}irmi A rwott alwlsa
* nrnl mlmln.
' aS'B
770-
071 WeoVEiSAY.
Com, Oats and Provisions Ad
vanced in Sympathy
With Wheat.
Chicago, Aug. Lower cables and
rains throughout the grain belts caused
easier markets all around at the opening
today. Wheat was *4c to %c lower at the
opening, with ofTers fairly free and buy-
timid. Commission houses were on
both sides of the market. In the first few
minutes the market sold off the barest
shade. Liverpool came %d to %d lower,
due, according to Broomhall's cable, to a
large Increase In the American visible
supply, less apprehension regarding rust
damage and weakness In Berlin, coupled
with the lower trend In American mar
kets.
Corn opened easier on the rains, which
111 be of great benefit to the already
damaged crop. Trade was fairly good,
altho offers were light.
Oats were %c to %c lower with lower
tone of the other cereals. Fair buying of
December caused an advance of %c early.
Provisions were easier, altho hogs were
6c higher at the stock yards. Pork was
neglected.
CHICAQO CASH QUOTATIONS.
THE WEATHER
CONDITIONS.
Atlanta, Aug. 1,—A moderate disturb
ance or storm is central this morning
over northern Minnesota with a trough of
low atmospheric pressure extending
southward to the west gulf coast.
Throughout the entire central Mississippi
valley and the cotton belt east to the
Atlantic ocean cloudy weather prevails,
with showers at many places. The largest
amounts of precipitation received were
Memphis 1.04. New Orleans 1.44 And
Abilene 2.74 inches. In the east fair
weather prevails only at the middle and
New England states and In the lower
Lake region.
In the section west of the Rocky
mountains fair weather la general, tho It
and In tl
region.
!n° Fh r : Vi
the entire Pacific coast
ern portion of the plateau
loderala t,mp<-raturee rnntinuo
I everywhere, a number cf place,
eat reporting below 60 derreea at
Forecast until 7
CHICAQO QRAIN MARKET.
Low. Close. Cl oa.
8E! l\$
M CORN - ■**
8K- 11$
May 68%
«>ATb-
Sept. 40%
Dec. 4S
May 45%
PoKK-
61%
97%
62
60%
85
62%
8S
B B It “5
17.12%
16.16
8 pt.17.12% 17.25 17.05 17.26
Jan 16.06 16.26 16.06 16.26
LARD—
S'pt 8.57% 8.62% 8.62% 6.62% 8.67%
Oct. 8.66 8.70 8.57 % 8.67% 8.47%
8.65 8.46 X ** * *
8.62% 8.45
Jan. 8.60
Dec. 8.45
KIR*
8’pt. 8.75
Jan. 8.26
1:11 s
• 62%
2.60
1.71
:3%
86Vi©8' I
ihard winter KBKNWP
Iwinter new 8?%©88
spring LOMiLOJ^o
Hi? |
sug. i.—wheat—iNo. z it
3 red new 86%©86%,
new 87%©88%, No. S
87%© 88%, No. 1 No
so. 2;
CHICAGO CAR LOTS.
hard
Northern
Northern spring
Corn-No. 2 62%©63. No. 2 white 66%
©66, No. 2 yellow 68%fff63%, No. 2 62%
©62, No. 8 white 65^©66Y No. I yel-
. yellow 61 .
Oats—No. 8 new 87%, No. 2 white new
No. 2 white 28©38%, standard
im
FOR SALE
Atlanta Bonds 4 l-2s
Also Other Good Municipal Bonds and
Bank Stocks.
Phone Main 1174
Georgia Mortgage & Trust Company
j
rollowlng are receipt, for Tuesday and
wtlmated receipts fur Wedneaday: 7
iTusadayTiWadn'iday
Receipts
I Hit.
.1 1.291.MO I
1916.
"o65>V
,000 ( 142.000
VI8IBLE SUPPLY CHANQE8.
oata for the week:
Corn, decrease 264.000 bushels.
Oats, decrease 247.000 bushels.
LIVERPOOL GRAIN MARKET.
Wheat opened %d lower: at ):24 p. m.
aa %d to %d lower. Closed %d to %d
lower.
Corn opened unchanged; at 1:86 p. m.
was %d Tower. Closed %d lower.
Washington, Aug.
p. m. Wedneaday:
Indications ars that the western
rometrto depression will advance slowly
eastward and cause unsettled weather
IIty and lake
region and ttv tne mtaate Atlantic states
and the southern and western portion of
New England.
Virginia—Local showers tonight or to
morrow.
North Carolina, 8outh Carolina, Georgia,
Alabama and Mississippi—Unsettled, with
showers tonight or Wednesday.
Florida—Unsettled, with showers to
night or Wednesday.
Arkansas—Generally cloudy; showers
and thunder storms.
Oklahoma—Generally cloudy; showers
In the east.
East Texas—Unsettled; showers In the
north and extreme east.
West Texas—Generally fair.
COTTON REQION BULLETIN.
For the 24 hours ending at 8 a. m.. 78th
meridian time, August
STATIONS ST
pear
Atlanta, cloudy. ....
xChattanooga, raining.. .
Columbus, p. cloudy. . . .
Gainesville, cloudy. . .
Greenville, raining. . . .
Griffin, cloudy
xMacon. cloudy. . . . . .
Montlcello. clear
Newnan. cloudy. .....
Rome, cloudy. . . . ...
Spartanburg, raining. . .
Tallapoosa, cloudy. . . ...
Toccoa. cloudy. . . ...
West Point,-cloudy.,. .
8
70, -.80
,f :S
I
R5S5
A’Umlngton. . .
Charleston. . . . .
Augusta
Savannah. ....
Atlanta. ......
Montgomery* . •
Memphis'. ’. ’. *. 1
Vicksburg
New Orleans. . .
Little Rock. . . .
Houston
Oklahoma City. .
U
I
CARPENTER, 8AQQ0T A CO.'S
DAILY STOCK LETTER
. 'I*!!? X. ork ’ A “H- 1-—WMI. the market
Is dull, Ihero are very fewatocka for sale
at prevailing nuotatlons.
The largo Inlereau aaem to bo waiting
for the present Investigations and agita
tions to run their course. Then If the
crops turn out as well as prospects Indl-
mafk"* ,hou d have * n ictlvc end higher
QEOROIA'S FIRST BALE
BRINGS 20 CENTS
New York, Aug. 1.—Flrat bale of Geor
gia cotton was auctioned off In front of
the cotton exchange today and wan pur-
chtteed by W. P. Crown for 20c a pound.
He eaye that la what the staple Ip worth.
WEEKLY WEATHER REPORT.
Waehlngton, Aug. 1.—The flret part of
the week wae unusually cool, the mear
temperature being 1 degree to over 1 de
gree . below normal. Showers fell
jjMjJa were extremely local,
with widely differing amounts. Heavy
rains ranging from ona to two Inches oe-
north-central and north-
eastern and some southern countie. In
Texas. Little or no precipitation occurred
" BJJWF scattering Jocalltle., but mostly
port,on ' 8un ">">«
Cool
ncienc ana occasional light to moderate
showers fell. Weather was favorable and
conditions are Improving.
Temperatures In Georgia were below
normal, owing to cool nights. Light show
ers were general-on the 26th, bit real of
ahlne. Toward the close of th'e'week'the
r&'o’r.ir ,o 90 in ‘ h *
NEW YORK GROCERIES.
„ WSUSS^iSii
tie .ordinary to prime >%04H. Sfolassea
BUTTER, POULTRY AND EQGS.
.1.—Dfeeeed
’ firms”
South Carolina..
Georgia..
Florida
Alabama
Mississippi.. ..
Louisians
Texas
Arkansas
Tennessee..
Missouri .. ..
Oklahoma
Average, r
87.4
82.1
91.5
92.0
92.2
82.6
77.2
87.4
90.6
91.4
87.2
88.3
26.5“
July
1910.
87.7
79.6
90.4
91.0
91.4
82.9
82.8 :
, 83.2
86.7
86.6
86.6
88.6
74.3
71.2
68.4
66.2
72.4
69.2
66.3
89.9
74.5
73.7
78.2
•7.7
85.9
74.9
1909. | im~
75.7
77.0
71.7
83.0
69.0
64.8
64.2
70.2
78.0
76.4
85.0
82.6
90.2
81.3
840
80.4
85.6
85.2
84.8
83.2
86.0
86.7
TIPS FLASHED
FROM WALL STREET.
(From Hayward A Clark.)
_ , _ — grain to haul
to keep the tonnage far above the aver
age. Brooklyn Rapid Transit should do
better now that the digging in the sub-
*ay has begun, altho think interboro will
share It with Brooklyn Rapid Transit
before It Is ready for use. Look to see
public Interest Increase and stocks grad
ually work higher.
The New York Financial Bureau: Tac
tics similar to those of Monday aeem like
ly In the stock market. today. - Gradual
improvement Is favored by the develop^
ments. The technical position of the
market Is good. The Sun seems to expect
cut-throat competition to result and In
stability thru reorganisation plan of the
Standard Oil.
The Nebraska com condition Is re
ported poor. Nebraska produces half as
muoh as Illinois, where conditions ars
iry good. The Journal of Commerce re
ports a *
July condition of cotton of 86,
74 last year, or a record July per
centage. Union Pacific may advance fur
ther and there is good buying of Steel.
Another drop In French rentes to 94.45.
20 points under yesterday’s close, causing
apprehension of foreign politics.
LONDON 8TOCK MARKET.
Stock quotations;
STOCKS—
Amalgamated Copper ..
Anaconda
Atchison .. .
Baltimore and Ohio.. .
Canadian Pacific
Chesapeake and Ohio
Denver and Rio Grande
Erie
Great Western
Kansas and Tsxaa .. .
do, prsfsrred
Louisville and Nashville..
New York Central..
Lehigh Valley.
Norfolk and western..
Northern Pacific.. ..
Ontario and Western
Pennsylvania.
Reading
lock Island
Southern Pactflo .. ..
Southern Railway.. ..
do. preferred .. ..
It. Paul
Tnlon Pacific
United States Steel ..
do. preferred.. ..
Open
"67%
MW
i
ICl’a,
17%
•6%
news And Gossip
OF THE FLEECY STAPLE.
fowls 16. ducks 16
Live
fowls
ducks _
Butcr firmer; creamery
•a weaker; nearby white fancy 25©
{O.jiaar-by ^rown fancy 24026, ext™ firsts
heese strong; whole milk >;
whole milk, fane;
(kima tine
«:
; whole milk specials 12%.
wm*5jr4l
NAVAL STORES.
ft?- . 1 ;7;i u rr" ne ' flnn - ••
M. 36.46; K. |6.40©6.55; I. 86.40; H. & 40
8; r9tlUK* E ' ,5 *f D ' n M; c:
NEW YORK COFFEE MARKET.
Coffee quotations:
Rsmarka.
Except In Charleston district, rain has
been general throughout the belt. Tem
peratures continue seasonable and without
material change.
Cl. VON HERRMANN.
Bsc t Inn Director. Weather Bursa a
.60 January
February
March.. .. .. ..
>. &!?::::::;;
June.. .. .. ..
July.. .. ..
August.. .. ..
September.. ..
October
November.. ..
December.. ..
Closed steady.
GRAIN NOTES.,
Chicago, Aug. 1.—The weather map
•hows rains In the Northwest. We need
more demand to offset the effects of our
large stocks or more outside trade on rust
damage to advance and hold prices.
Corn—Generally good rains reported
east of Mississippi river, particularly In
Illinois.* Weather conditions may give
us a somewhat lower market today.
We believe May oats will sell consid
erably higher later on.
Packers seem disposed to take the sell
ing side of provisions.
The Chicago Inter-Ocean: Wheat bears
were more numerous after prices declined
yesterday, and even those whp have been
emphatic bulls were inclined to take a
more conservative view of the situation.
Corn bulls expect that the weather will
i up and damage reports will in-
e. One of the leading pit traders,
while Inclined to be bearish, said the
market did not break right for a bear to
t short on declines. Sentiment in oats
mixed and there Is not much outside
business coming in.
Lawson good seller of September corn.
Fair selling in wheat by commission
houses. Hulberd, Warren best buyers of
September wheat.
Iowa state crop reports today say corn
ts damaged 30 per cent, taking the state
for the month. Yield of winter wheat 21
bushels, spring wheat 16 bushels, oata
24 bushels.
8pot . . .
August .
September
October .
November
December
January .
February .
Marqh
i Opening
5.29 ©5.40
5:32© 5,33
5.28©5.30
6.28©5.28
6.26415.26
6.27©5.29
5.30©5.3t
6.3S©6.26
5.324x5.33
5.29425.31
5.274? 5.29
5.25425.26
5.28425.29
Closed steady; sales, 9,700 barrels-
shows generally fair In western**** •
Cloudy In central and eastern
era! and heavy rains In central * ,at *.* a, L
Tennessee. Lighter but general rains
eastern states.
Jones Flexotype Letter Co..
656 Candfer Annex B»dg.
Atlanta. Gx
Circular letters perfectly type
written. Small Job printing wo ^;'
Including electrotypes, done on or
der. Correspondence solicited. Com
pare our estimates and samples m
others In similar line. Work guar
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The American Audit Company
F. W. LAFRENTZ, 0. P. A.
President.
THXO. COOHEU, JR., 0. P. A. A. P. LAFRENTZ.
Vice Pres, and Secretary. Treasurer.
T. P. HOWARD, 0. P. A. 2d Vice Pres.
•ifEW ORLEANS—Malaon Blanch,.
PHILADKLPHIA-Ballevuo-Htratfofa
WASHINGTON. D. C.—Colorado Bulla-
MIl(va UKER—Planklnton Bank Build-
8A?f FRANCISCO-Clau, Sprackdla
L^NnoSf'E. C.—SO Gresham 81. Bank.
0. B. BIDWFLL, 0. P. A.. Resident Vice President
NEW YORK—100 Broadway, 33rd 8L and
Bth Ava (Watdorf-Astoria).
CHICAGO—Marquette Building.
BOSTON—Exchange Building
ATLANTA—Fourth National Bank
Bufidlng.
RICHMOND—Mutual Building.
BALTIMORE—Keyser Building.
CONDITION OF COTTON SHOWS
HIGHEST MARK IN 11 YEARS
day P aa"»- V ° rk ’ AU °' 1,—Th ® JournaI of Commerce and Commercial Bulletin to-
"Replies from 1.942 special correspondents of The Journal of Commerce ana
Commercial Bulletin of an average date of July 23 made the iiercentaxe cnnrii.
tlon of cotton 22.2, the higheut In the eleven years of the special report! or thi.
.paper. This compares with 23.9 a month ago, or a rise of 1 point, and 7 7 nolnia
above the ten-year average of 79.2. As a rule, reports were of a highly aattafai-
tory nature, and It la only In North Carolina, Mlulaalppl. Louisiana and Okla.
homa that cotton haa lost from Its high condition of Inst month. The deterlors.
tlon In Louisiana was 3.3 per cent, where too much rain and the fear of the holt
weevil caused considerable apprehension. The other states suffered hut little
South Carolina gained 2.3 polnte, Georgia l.t. Alabama .2, Texas 4.2. Arkanea.
2.3 and Tennessee 4.9. The detailed figurea by atatea with comparisons follow
Condition, average date July 23:
August.
(From Hayward & Clark.)
York, Aug. I.-Llverpool due 16
po !2! # on August and
on the balance. Opened
firm 8© 10 points higher. At 12:15 p m.
the market was quiet and 3©5 point*
SiffiF-ftS.?? 18 . Lr°[ nt * h, «W »nld-
JvEiP’V . ' American.
5,500 bales; Imports, 1.000. all American.
The receipts of cotton at the ports for
the day are estimated at 1,700 bale*,
agalnat 744 last week and 453 bales last
Monday's cotton market was not sc-
fording to Hoyle, and the talent did not
know whether to attribute the steadiness
shown by the new crop deliveries to a
genuine reactionary tendency or to the
evening up of abort account* on the eve
of the bureau report. Of late decline*
have come with auch persistency and
regularity that most traders have learned
to expect them factors contributing force
to the price argument Included On the
one hand, continued favorable crop re
ports and a less than active trade demand
and on the other a growing belief that
In the enthusiasm engendered by the
promise of a large crop the ring* have
lost sight of the fact that trade demand
is only sleeping and not permanently
dead.
Miss Giles gives out the following for
her estimate on the condition of the crop
of July condition 90.5, showing an Im
provement of 1:5 over last month.
Liverpool cables: "At opening the mar
ket was affected favorably by American
buying orders and European buying
rders. Market gone worse since on
:uropean selling."
Rosedale, Miss., wires: "Insects being
found around here daily in cotton field*
doing considerable damage, pronounced
renulne Mex‘ *
omologist."
11.09.
Mobile received their first new bale of
cotton this season from Wilmer. Ala.,
being shipped their this morning
Scnlll sold December off from 11.04 to
lie after the 11:45 a. m. qaH and the
market seemed to go off cnaler than It
went - — *
just
In reply to a question what the August
movement in Georgia would be a reliable
party says thinks 50.000 a full estimate.
Think this temporary rally on shorts
covering before government report to
morrow. Believe any rally at this time
xpect much lower prtcea
allies.