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THE ATLANTA GEORGIAN.
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE )S
* yosrs* fxprrliiDM
Hiring markets In Atlanta and
South has ma<la him a ran*
^ ogulzed authorltj In hla specialty.
NEWS AND GOSSIP
Of the Fleecy Staple.
Little Tone Was Shown at
the Opening in New _
York.
undertone steadier
Due Largely to'Excessive
Rains in Georgia and Fa
vorable Cables.
„ writ? 1/*k4 WU»
lock. A««. »* ,h<! “P* nln *
JZ w*rk"t ,hewed little tone. The un-
£*.. "tea.ly. 1-ut largely duo to tt-
ning In ileorgln nud ftiToroble cn-
ff? Builueai wns ctmdned to profeaalon-
|U aguln.
Tbe rotten nmrket iloen, not furnl.h life
„f,, nnturn to call for comment
*u E hwn dull nud nnrrow for a month
‘ Vaetuntionn nre ninlnly the renult of
t^itonol* playing for « few point*'
jwt flr# ( (ln t ]i,. imi* .Me nnd then on the
Ur >lde of the account.
The trade generally, la waiting for news
pjfthe crop on which to hale new Ten-
ipot duration, while It Is generally
t Ur„ there will lie enough of the ohl crop
So.? to carry the sp nnera Into the new
22"Md* eteadjr. which la re*ponal
PV eicadluce* 111 the futures depart-
“r’ere will npnnrently lie a acrainbh- for
IM receipt* of new cotton, and It Is re-
EU that there arc a large njmber of
f„,ri la aoutbweat Texan paying lMte
tarmldillln* lauded In Houaton for all
DEALINGS HEAVY
IN M PI
Sensation of the Morning in
the Stock Market
Early,
Mnta Wire to Ware A Inland.
New York. Aug. 1—Liverpool future*
pened steady. 2 up. At 12:15 p. in., I to 2
up iiikI .lull. Sales 6,000. Spots 1 up at 5.99.
"turps due to come 1 to 2 up.
Jverpool cabla says: “reatureless mar*
York opened very quiet,
'■* ' I/)-
Inward. Wilson
crowd sell|up a little.
Look for quiet find steady market to
ny a ml until bureau tomorrow.
Sentiment seems to bo that bureau to
morrow will be between Si nnd S2. This
would not cause any particular chance lu
prices. .
New Orleans. Aug. 2.-C*bIea are about SCORED RIO ADVANCE
right limy were due 1 up on New Or- J_> m r 1/ >
' >nns nnd 14 to 2% up on New York.
Market Is .lull and easy. Shorts nre 1
aggressive on the continued heavy re
it of new cotton In Texas and on the
_ d weather. Spots nre quiet. Buyers nre
working 011 one or two fair-sized lines
•hlrh inny bear results later.
Net stork cotton in New Orleans Is 24.555
bales, against 45.257 at this time last year.
Amount on shipboard 6,793 bales, ngnlnst
11.71*4 Inst rear.
f The ^weather map Is favorable except
General Railroad List Some
what Unsettled—Many
Issues Sold Off.
of the
SPOT COTTON MARKET.
wnptlmi. delivered on contract 8,300,
Sror Orlcsns-iinlet, l»Hc.
Liverpool— Barely steady, 5.99d.
ttarauiiah—Steady, 10 9-16.
r imta-Qulet, 11c.
Louis—Quiet, 10%c.
LIVERPOOL COTTON MARKET.
Liverpool, August 2, 12 J5 p. tu.—Cotton.
tpot business moderate, with prices atendy;
■IddUng uplands 5.99.1; sale* 6,000; Amer
ican 5J00; speculation and export 600.
nctlpt* 2,000; American none.
" 1 otwned stead v.
Previous
Close. Close.
6.70-6.71 6.71-5.72
5.64-5.65 6.64-5.C5
5.60 6.60-6.61
5.57 6.56-6.57
5.56-6.57 III
5.56-6.57 6.66
6.58 6.67
... 6.6*6.*~fSUj|
- 6.6-»,*..6|
5.62-5.63 6.61-5.62
lipst.. ..
AvfSSt-Mrpt..
le$t.Oot. . .
INV.-JIU.. .
Jan.-Keb. .
Feb.-March.
Stare* ‘
.!»
. .5.67
Aprii-Mny..
TldseU ba
barely steady.
TODAY’S PORT RECEIPT8.
i
Private Wire to GIbert A Clay.
New York, August 2.—Liverpool at 12:30 p.
1. was 2 up. Was due 2 to 1 up.
The Commercial aaya: “Price told aome
spot cotton yesterday, taken up on August
tenders.
Bears estimate August receipts new cot
ton nt lOO.noo bales.
The buying on opening was small And
scattered. Nordon was principal seller.
v **~ York, Aug. 2.—Carpenter. Bsffgot 4k
“It looks now as If the offerings
season would be reduced as com-
nnreu with other yenra on account of the
financial Improvement (n condition of plant
ers nnd merchants of the Bonth. We would
suggest that It Is time to be careful and
conservative nnd Indulge In only moderate
trading."
Diek Bros. A Co. any: “There la little to
situation Just now. A bureau report of
hope of a very large yield. It depends en
tirely on whether n trader counts on a
crop disaster or not when It comes to
choosing sides In the matter."
The Journal of Commerce says: “The
strength of the dry goods market was real
nnd plainly apparent. Buyers proceeded to
goods to meet their needs without
a to opinions ns to cost of production
-*«-- re# *- **--
. _lp_
were supplementary to those 01 four or
five weeks ago. The buying has not
which show conclusively that stocks In Jc
hers’ hands are not large nnd that manufi.,
turera are well provided with orders for the
next twenty dayat“
New Orleans, Aug. 1—Liverpool 2 nn ..
npnroxlnmtely os due nnd should be with
out effect on ouy opening.
ther maturity of the pi .
The following Is from Ilungerford, Tex.
—. .^1^ here; ^erybod.
..... bales hava bean
short .time gins will be
_ lender, Tex.
“Preparations are being made to harvest
the splendid cotton crop now maturing In
ds locality.” . . . _ , ,
Some further covering by Bhorts today is
causing steady market. Weather fine and
crop news from all sources excellent.
LELAND'8
DAILY COTTON LETTER
INTERIOR MOVEMENT.
The following table shows receipts nt tho
“tenor town* today, compared with the
day last year:
tefc'v:
Louis. . .
Cbrinnttl. .
Total
0IKRT A CLAV'8
DAILY COTTON LETTER
Orlran,, An,, 2.—Knrlv rnM.* re-
{Wieu a featureless market, but toward
°Pt* 0,| a, considering the narrow-
°v,market, cased rather unexpcct-
J2J; “P* 1 Prices lielng unchanged to a
HJ 1 hrwt sales continue fair at
yjjj t “ *** ‘flotations being advanced 1
!*«*}}! ri?ere was no change from the
thJFT. r ,,u11 monotononr market
SfL 1 *” the rule of late. .Covering
&ra£*u ll( ‘ inalntalna a steadiness of
ofVh’. ,!. h r , w ^ n In** of Interest
ew lu «Hgnant tTP* prevailed. How-
tnmr’.i ** government report to be Nsued
2EST *< II oVIock '(our llmo, |, ,.j.
"hnke off wimp of tlio mnrkWs
,n, " Mt ,10W *°
•* rfporteit In no*rl,
Mr: r; ,iu ‘ iwit - »«<i «d»i«* to.
r * l, * r *i- Ike nt«ll,D«i of crop
no "' with «*tl«f*ctlon th.
Sr. I* l ,r "*r'>» mud* dart off the pe*t few
-f mjrtlae. lUrdlr * rompUInt I*
to J n « tho imlformftjr of tbe ftrora-
,,r the report*.
COFFEE MARKET.
lro7.. V .''. rk ' ' l,f t 2.—Tbe openlns lii mf-
rn S”*™. »t «n *drenro of loffis point*
I! notlvo liull ill],port nu.l In-
w hloh *oom«l to tie on-
(•■•re 7 t* offl.'i.i ronflrautton of tlio
nTto-Zj*?, relerlMtlon bOL Ilarre
fw, .1. j^tttlni e*rl,. bat ralllc, le>-
h, ti.ro ": r ." .'h' loon I openlne. Tnid-
f«lrlr ectlre, end the m*i
to.
■hrok...,
tefher..
. *’ "
clo » w l steady.*
H okj!
Opening
• lunge.
....T^>-7.M
.*..7.1*7.69
...7.66
.. .7.<E-7.**^
. .?.»
....7.M-7.M
. .7.M
. .,7.06 7.26
Cloae.
7.M-7J5
.. ..7.2*7.60
7J0-7.60
-e..7.«
7.0*7.10
7.10-7.16
7.1R-7.20
7.25-7.30
New York, Aug. 1—Tho effort made to
advance the market shortly before the
close last night, through the purchase of
a large quantity of October, wna In a
measure successful, nnd the operation wna
repeated this morning. As a result, Octo
ber rnu up to 10.27, or, rather, was ad
vanced to that figure, after which the
entire market lapsed Into dullness, and tha
recovery was lost on a few hundred bales
toward the latter part of the first hour.
There seemed to uo few covering orders
ns n result of tho manifestation, and this
Indicated the generally cvcned-np character
of the market at tho preseut time. Ilwiry
rains In some parte of Georgia served to
help the early buyers, but after tho buy-
era had obtained about all the cotton they
cared to look after, no one was found to
take the stuff off their hands. Some look
for a decline of 2#?3 t>olnt» In the condition
tomorrow, while others regard It more than
likely that the deterioration Will bo found
unimportant. Should this, latter prove to
be the case, a decline In the market Is
to be expected. In the menutlme, no one
cares to operate extensively.
COTTON SEED OIL MARKET
New York, Aug. 2.-There was no activity
In the market for lluswd-oll yesterday, no
sales being recorded* despite steady price#
on all deliveries. August remained Urra.i
J gnd there was some bidding for that deJ
■very. There was practical y no apecuj
sting* however, as the trade Is still swalti
Tug the movement of the new croa Morel
Interest la also centered In Reptetnber and
October . deliveries, In which there havel
been large trade*, particularly th«lr
i were moderate yesterday with
positions 1
Leland. .
Utter.
...th near
light offerings.—Ware &
August
September..
October.. *• .. •• •• ••
November.* .. .. *• --
Dmnl-t
January.. ..
Clo*ed *tMdjr.
STOCKS REVIEWED
BY NEW YORK SUN
N.w York, An*u«t J.—Tho Now York. Ban
rnin: In *plto of tho nn*of(lojl fo-lfnff
■brand malting from the dl.tnrb.tim la
Rn**l*. tho ronrkot horo oponrol with nn
nil-round ndranoo *nd notwllh*t*itdln, n
fair rnlnm* of milling ratttnod
■tronictli throojflinnt tho ontlre *o*
Bnrm.lro tmr.t* of ntraairtk wrourrwl
In, tho dnjf. nnd whllo onch wn* nrnlled of
for proIU-tnklnk. »b ramnPjn. •• thin
onn*oil wore *poodily rounvorod. Eron *t
the i-lnno, thero w,. nlmojt konerjl
•tronkth. nlthnukh the rnlaino of proat uk-
Ink In tko loot hour wno Inrko. I-millnk
honoo* roporP.I o I.rk-r pnrtldpntlnn on
tho part of the pntdlc than on nn, other
iln, for oovoml week* po»Mwhilo the bom-
tier of loqntrto. roratro,! front ont-of-town
IrTdlratod th- proltnlillll, of . Mrjbnr In
none of pnbllc Intomt. If" 1 .' 1 '"' -•* F
bn,or of ntook* In onr ntnrkoj, t»ktkff »
cuuotdorahlo annrant of Btoot. Too dorlnra.
tlon of n dividend on thto otra-k nnd the
publication of tho onrpri*tnkl,Eorol*latro
J tont of tho corporation ■ enrnlnko for the
Srl» qwrterdH tnoro to otlinaUto In-
tornt tn the market ttmn oil tho otbor
now* of th* do, combined.' -Albert A
«»,. .
PRICE CURRENT CROP REPORT.
(Inrlouotl. OMo, Au*. Cwroat:
Free mnrkotlnk of winter whoot. It*ln
damage unimportant. Spring *rl»e#t
In^ flne promts*. < orn making gop4
lloktnf tdS.OOO, oknlnot <*>.**
GIBERT & CLAY
14 *• AUftAHA I
STOCKS,
COTTON.
coerce, provision*
ATLANTA, OA.
r '£ jSkrSSSL f
*<e»l and Una OliUnc* TdliphoM 529*1' IUC “° w*. R. FAGAN, M»n»n*rw
: ssss^ar
OriraS; IIoTrd of '1 raoe.|,Inltoalon Co,to* Exdunso.
By Prlvato Leased Wire.
New York, Aug. 2.—Tho disturbing news
from Russia agatu served to unsettlo the
foreign markets ^fhls morning. While
there was no great decline In Ilusslnu BO'
curitlea nor heavy liquidation In other parts
of tbe list, prices were lower. The Bauk
of England reported n small shrinkage in
the proportion of reserve to liabilities,
gold
ements con
-..certain fee
In financial circles abroad. Oirr iimr*,-.,
however, wna really very little Influenced
by these foreign Incidents. It was In
terested chiefly In the rumors which were
circulated yesterday In connection with tbe
movements of Individual stocks, nnd on the
question of whether the general list had
not risen enough for the time bflng for
some reaction to be fn order. St. Paul
stock rose again In the early dealings
over 3 points, strengthening the opinion
that tha stock was In urgent demand for
some purpose, which, when disclosed, would
Justify a much higher level for the share*
Iu the market. The buying for on ad
vance waa resumed In other part* of the
list during tho first hour, but from the
outset It was more than offset by heavy
realizing sales. The market for the first
time lu a week looked really reaction
ary, and by noon
all down on the day.
In the stock market, Chesapeake nnd
Ohio and Reading started in He higher,
and St. Paul gained at the outset.
The majority or Issues showed flight re
cessions. ns compared with yesterday's
final. Southern Pacific and the Steels lost
%c. St. Paul took the lead at the very
loginning, and In the first five minutes of
business had gnlned 1H net, touchlug the
highest figure of the movement.
A lower range of prices from Ieondon nnd
expectations that the heavy iiroflt-taklng
of yesterday would be followed by further
Paul turned prices upward T»efore 11
o'clock. The trading In St, Paul, how
ever, waa the sensation of the morn lug.
Dealings wero extremely heavy and many
observers regarded tho buying ns somewhat
competitive on the part of the Standard
Oil nnd the Union Pacific Interest. On
heavy trading. It advanced to 188H- Heavy
selling then set In, but this In turn was
followed by Irroghli..
Isfi recoveries. Reading was decidedly
strong, under renewed pool operations. The
Paul nnd the fear of unfavorable market
complications, and many lasuea sold off
fractionally.
LONDON 8T0CK MARKET.
STOCK—
Anaconda.....
Atchison
Canadian Pacific 1<
Chic., Mil. and 8t. Paul.... U
Erie
do, prafarrtd.. .. .. .....
Illinois Central.,
Louisville and Nashville.,..,
New York Central
Pennsylvania
Rending „ ...
Southern Pacific,.
Union Pacific .. .....
United States Steel. . . .
do, preferred
COTTON ADVANCED
ON BULL SUPPORT
Tho*’ r *roaU advance' in cotton yeaU
was due more than anything else to sup
port from tbe buU leader and buying by
some shorts, who ware disposed to reduce
port from tbe buU leat
some short*, who ware __ r
their contracts. Contribntory Influence*,
however, were better cables from .Liver
pool than expected, and strength In the
apot business, bullish reports from the
Atlantic states, where hara ralna were re-
ported, and buying by spot Intersts. The
monthly report of The Journal of Com
mere# was better than expected, showlns
a decline In the condition within n month
of only 1 per cent, and a private crop re
port was Issued by a commission house,
WWll £ ‘jnV’V'u, 0 ;
month ago, nnd 75 a year ago. These re-
ports were regarded as t»earlsb, and caused
aome to raise their guessea on the condl
tlon to be given by the government Fri
day. New'cotton Is beginning to move
more freely. Houston received 231 bales
new cotton. Galveston 4 and Taylor I, nnd
a comparatively ltl»erol moremrnt of the
new crop In Texas Is expected In the near
future. Tbe south sold and tbe Russian
new* waa anything but favorable. On
the decline, however, the bull leader gave
support, and more or less covering oconr-
red, whereupon prlees qulekly rallied.
Leading spot intersts bought, and there
waa a certain amount of commission boom
i,urine. No decisive change In prices la
looked for until the government report Is
received, and. perhaps, nothing very star
tling will occur then."—GIbert & Uay.
Orleans, August 1—'The Tlmea Dem-
aays: "Under the gentle spur of ex
panding belief In a bullish bureau, yester
day'* cotton market advanced Just enough
among scalp-
.... . Nobody dug very
ily Into tho logic of the thing. It Is
hardly possible for the ti
condition
au to Indicate
. _ Justifying encouraging
S ” eld proapects, nor Is ft nn easy matter
r boars to prove up grounds for trade
pessimism in the trend of European event*.
Meanwhile, the weather Is good enough,
the price Is high enough, the farmer mid
the spinner are confident enough and the
feature, at least, warrants hope of con
tinued prosperity. But lower prices for
cotton must obtain before.speculation will
bob «p again, unless* of lymraa. the bulls
manage to pull off the Muted crop scare
before tbe harvest time shall have come
and gone.*’—Ware 4k Leland.
THE LIVE 8Y0CK MARKET.
By Private Loan
Wire.
Chicago. Ann. 2.—Hogs—Estimated re-
*ay 1L006. Market dull and steady
lower; quality fair; left over li..
reipts today
to shade l«ii* co, H<wmj »*••• * «*» «
4S2; bulk *.2ftt«l4S; estimated for
* - — —— —. - mixed
63.M*i5/j9: |K-»
row 16,000; light 66.SU6.72H; mtxe,! 36.100
55; heavy |5.»6«.60; rough I5.IWUI; pigs
rorkers f6.6666.i0; good to choice
^Ttle^Estimated reeeipta 6,006. Market
steady; quality fair: beerea 16.40; cows flfi
4.25; heifers 62.2606.26; calves $5.76: g«se 1
prime steers 96,41; poor to meillum f3.70d6;
Stockers and ft^lera LM i»4.25.
Hbeep— Estimated receipts 10.0M. Market
•adr; quality fair; native S2.Wr5.tt; wc*»t-
n 12.9066*26; yearling* rl.40^«.i>; tattW
54tr7.76; weatern 11.7 -^5.50. ✓
RANGE OF NEW YORK STOCK MARKET
menenn Sugar \tetluing .....V.*!*!!!!!!!!.!.
Atlantic Const Line
Auneomla
American Locomotive
do. preferred
American Smelting Refining.
’ preferred
AltttU-
do. preferred..,..
American Cotton OH
Baltimore nnd Ohio *
Brooklyn Rapid Transit
Canadian Pacific
Chicago nnd Northwestern
Chesapeake nnd Ohio
Colorado Fuel and Iron
Central Leather
do, preferred..?
Chicago nnd Great Western
Chicago, Milwaukee and Ht. Paul...,
Delaware nnd Hudson....,
Distiller's Securities
Erie
do, preferred...........
General Electric............
Illinois Central
American Ice Securities
I.oulsvlllo nud Nashville
Mexican Central.,..,..
Missouri Pacific..
New York, Ontario and Western....
National Lend
Northern Pacific
York Central.
Norfolk nml Western
Pennsylvania
People’ "
"»
j P r ®
Pacific mi
Reading
Republic Steel..... ..'
. pre ferret!
United States Rubber ;
da, preferred....,...,
Southern Pacific
Southern Railway
do, preferred
Slosa-Shcffleld
Tennessee Coal nnd Iron
Texas nnd Pacific .
Union Pacific
United States Steel
do, preferred,...
' 'i-Carollna C*
preferred...
Western Union ....
Wabash
do. preferred.,
Total stock sales today 1,262,800 shares.
OpenjMIgh Low (Tse |tl>| < i
* 1-27r| 103*41 JOT M3 I 101 1 ill
112 142V* 112 142^ 142 ' Hl%
1»L 13U j 1377*1 lS&Vj 13>H 12k V*
27.3^ 2604 Ju 2594 27.3*4 25s« t
714 714 70 704 704
I ...rn..... ..... iu iu
1564 1544 1644! 1544 155
* ‘ ‘ 1174 1174
||
1
RANGE OF THE COTTON MARKET
AT NEW YORK.
The following la tho range la cottoa
futures Iu New York today:
Lust Previous
Open. Illch. Loir S-»la Close. Close.
Aug. . 9.90 0.99 9.97 9.97 9.96-97 9.96-97
Sept. .10.10 10.10. 10.08 10.09 10.08-09 10.12-13
Oct. .10.35 10.27 10.22 10.23 10.23-24 10.25-26
Nov. . 10.25-27 10.27-39
DM. .10.* 10.36 10.S 10.33 10.33-33 10.14.35
Jnn. .10.* 10.40 10.37 10.S 10.31-* 10.34-40
Feb 10.40-43 10141-44
M*r. .10.00 10.60 10.45 10.48 10.47-48 10.00-53
Closed steady.
AT NEW ORLEANS.
Last Previous
Open. High. Lour- S*le. Cloae. Close.
Aug. .19.43 10.46 10.41 10.41 10.40-42 10.43-49
Sept. .10.29 10.29 10.29 10.24 10.27-28 10.29-81
Oct. ,10.31 10.22 10.18 10.19 10.19-20 10.21-22
Nov 10.21-22 10.23-24
Dec. .10.34 10.26 10.22 10.22 10.22-23 10.24-26
Jan. .10.30 10.30 10.28 10.28 10.28-3! 10.30-82
Feb 10.16-87 10.87-39
Mar. ,10.46 10.46 10.44 10.45 10.44-46 10.45-46
Cloeed quiet
TIPS FLASHED
From Wall Street.
Private Wlro to Ware & Leland.
* ' nlk on
r. Tho
Morgan connec
tions \o be on the vergo of nn upward
movement. The buying has beeu good dur
ing the post week, according to a special
ist, who reports accumulation.
The figure of 50 this week for. United
States Rubber is being predicted this morn
ing lu prominent Institutions. A million
aire close to the Insiders Is going on record
that it Is one of the best Industrial pur
chases, and ho says It will soon go on a
dividend basis. The earnings fully Justify
S or 4 par cent
-ij;
Thera fa evidently a strong effortjto ere-
bullish Information
idpmatlve element to put It higher,
are persistently hluted. 8t. Paul a i
have maintained for a long time th
atilt bullish feeling on Ht. l’nul. Wo noto
the circulation of \ery bullish Information
' g houses. The stock Is hardly nt-
Jor the Individual Investor at pres
ent prices, but tho scarcity enables the mn-
1 ‘ ~mt It bigtor- Deal*
** "i friends
that tbe
atook waa worth 200.
Bank rate unchanged nt 3% per rent.
London M to ** off. consols H off on re
ports of mutiny on Russian warships.
Selling by London likely, and reactions
can l>e expected nnd may bo ndvisnblo to
~or them. There Is bullish talk on
Louisville and Nashville, Atchison,
Isaonri Pacific, nml Knty. In fact, think
wait
rjM
! il the low-priced rails will become morn
active and look for good buying In' stools
should they work off, but on sharp ad-
auccs today would take profits on every-
iilnr.
Tht-re la talk of a stiff advance In Chesa-
B ,ke on big earnings,
t. Paul Is likely to cross 190 today and
rry tho balance of the market with It, aa
t. Paul seems to be aenree.
Believe Improvement In price* will Invito
profit-taking In stock* and »om# irregular
ity. Splendid report* of railroads and In
dustrial companies will have a good effect
and look for higher range In tho Immedi
ate future.
American stocks In London lower, 14 to
Russian warehlpa have
_ aid rebels.
publicans turned down tariff ro-
Action to teat stamp law regarding shares
of lesa than $100 par value.
Banka with New York city deposit* that
did not bid for city bonds likely to be pun
ished.
Reported aome arrangement strived at
with holder* of Wabash debeaturoa. -
London market selling off on unaatlsfac-
try Russian ixmltlon.
Strong demand for Panama bonds from
national banks.
Twelve Industrials advanced L21 per cent
Private Wire to GIbert A Clay.
New York, Aug. 2.—Daniel Odell A Co.:
“Specialty operations seem to ua likely to
bo more prominent In the wav of Im
provement In tho stock market (luring tho
remainder of the week, while Issues .Unit
have had sharp straight advances should
have specific recesslous, upon which they
should again be bougnL for a turn nt
least. We continue to bo conservatively
bullish on the genorn! stork market, but
would not ignore reasonable returns on-
bulges."
.Stock market stnrted too fast. May re
act n little further.
Marshall. Spader A Co.: “The Russian sit
uation looks extremely Imd, hut we canuot
yet believe otherwise than that the gov
ernment will finally control whnt la aow o
small revolution. The action of the Lon
don ninrket this morning nnd the docllne
In i*o 11 so Is may reflect some nmm-h.-mdon,
nnd If tbla be also noted In Paris our mar
ket might easily show some tenderness dur-
lllg the till v ”
Strength In 8L Paul believed to bo due to
actlvo covering of abort Intereata.
THE METAL MARKET.
flr Prlvato Leased Wire.
New York, Aug. 8.—Tbero waa a decided
ly firmer tone In tin, duo to the pr/monnred
strength In the foreign market Spot and
ii'-.'i r '• v del! very were nt. > t e
Copper firm, but unchanged.
LIVERPOOL GRAIN MARKET.
Wheat opened H to H lower; 1:30 p. m.,
urn-hanged; closed >* to 4*, lower.
Corn opened to H lower; 1:3*) p. m., %
higher; closed U higher.
NOTES ON GRAIN
Pointers on Provisions.
— Wire to Ware & Iceland.
C hlengo, Aug. g—Wheat broke on aome
Selling by recel*Jng houses with the crowd
trailing. A little hurtng of wheat now
by few locals who sold yesterday.
Wheat has had such a severe decline that
a rally Is certainly In order, but do uot
look for much of one.
It looks ns If corn and oats would ilo
better. Home serions complaints on ccrn
from central Illinois. Would favor buy
ing May corn.
The market was steadied by Finley Dar
rell taking 250.OW December corn. OutM-Ie
of that, very little doing.
Oats opened n shade higher on commis
sion house buying. Free soiling by re
ceiving houses eausod break. Market now
steady. Trade light.
Provisions opened higher on buying by
packers and covering by shorts with sell
ing scattered. Lighter stocks of provisions
thr- * * G ■*
i
Chicago Intor-OeeaiTr 'bats
port basis, and New York sold 200.000 mixed
to Franco. This was the flrat sale re
ported lu months, there were more bids
closer to the market than exporters hare
known of late, and with any further de
cline a oood export business is anticipated.
Russia Or not offering oats freely, nnu cron
and trade conditions there ore against a
largo movement.
Thornton, of The Dalatb Commercial
Record, cellmates tbe wheat cron of three
. states at 206,000,000 bushels,
.000 Maarr* *
, , n trade w
showing of the monthly stock statement.
Stocks of lord aro 14.0u0 tierces, and rTTis
2.000.000 pounds less tbV) oxpected. Lard
stocks Increased only 2,000 tierces of con
tract last month, nnd short riba 4.3no,ooo
pounds. Pork showed practically no change
In contract nnd other pork decreased
000 barrels. Stocks of all meat* docrensed
$.000,000 pounds, and nre 101,719,000 pounds
compared, with 130.708,000 pounds last year.
The only delivery on August contracts
yesterday was 6,000 bnaheis of oata.
. Lako rates were lfetflWc bid In some
Instances for corn to Buffalo, with charters
for S5.00Q bushels of corn and 100,000 bushels
otoat*.
their corn more than a mofith s|
tlclpatlon of crop dnmngo lu central 1111-
nola through drought. Roi ‘
shipping stations
of cn *
erop
n came out yesterday through Nash
Jt and ‘a half dozen brokers. Barf-
lett-Frailer bought the greater part of tho
line.
Cash snips of wheat at Chicago were 115,-
000, Including 60.000 bnaheis No. 2 hard,
50,000 liusliels No. 2 red, the balance bo
ng mixed lots.
Private Wire to GIbert A Clay.
Chicago, Aug. 2.~Cables In wheat are
only fractionally lower. No further sen
sational news from ltussln. Prices hero
likely to open a little higher, but ace small
prospects of any advance being maintained
In 'face of continued movement. Pressure
of corn comes chiefly from tho bcnni In
nn effort to dislodge country holders. Do
not believe It will succeed, ns farmers In
this state have every reason for bolding
northwest
•p.
. :lo more.
Chicago Itecord-IIerald:
of cheap wheat of Its
“Nebraska hard
As soon
WHEAT OPENED
FAIRLY STEADY
Started Unchanged But La
ter Sold Off Half •
a Cent.
PIT CROWD ‘SELLERS
Buying Scattered—Cl 0 s a
Was Fraction Lower.
Com Was Up.
By Private Leased Wire.
Chicago, Aug. 2.—Market opened fairly
steady about unchanged, hut sold off
shortly after opening on heavy welling by
tbe pit crowd. Buying Is scattered and un
important.
i ora broke on heavy selling by commls-
n houses. The crowd had tho corn they
iffbt on dry weather predictions. There
was n recovery later and the close showed
a fraction gain.
Tho Price Current wae construed ne bull
ish and brought In big orders, while the
fact that exporters were In the market for
oats and buying for Franco was an addl-
tolnnl help. Fort Dodge, Iown. wired:
“Farmers refuse tc sell nt these prices;
do not look for m*^.n of a movement un
til prices advance."
Cash sold lower again today, hut tbe Im
pression prevails that If further declines ap
pear they will not be rxtensive.
Tho packers forced the buying esrly In
lrnvlsluns, compelling shorts To rover,
hereby creating advances nil sround with
the Cudahys taking lard. Sentiment Is not
pear so bearish and It Is possible thut
higher prices will be witnessed.
CHICAGO GRAIN MARKET.
WHEAT—
Fept.... 74
pee.... 76H
May.... S0V%
CORN—
Sept 49H
pee 4674
May._. 47H
OATS—
Bopt SI
Dee
May 33*4
PORK—
RepL. 16.55
Jan.. 14.25
LARD-
Ropt.. 8.674
HIDES—
Bept... 8.934
pet.... 6.70
Jan.... 7.66
High.
744
76£
m
49%
31%
Low. Close. Close.
73H
76
794
73%
804
494
46%
474
<7%
80%
31%
834
8.65
8.724
8.10
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOU-'-STOCM- —BONOS—OTAIN
Ground Floor Gould Dulldlng. Dally
market letter and market manual
mailed on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Corrsspofldsot’s Capital $250,000
RgfgRgNCK. THC NKAL BANK
PHONE MIT. PRUDENTIAL BLOO
HUBBARD BROS & CO,
COTTON
•9 MERCHANTS
Atlanta OHicts, 219-221 Century Building,
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade. New York Cof
fee Exchange, New York Produce Exchange.
Hualnesa solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones 45t, Long Distance 39. A. S. Hu.tare. Mgr
west, thero will b# _ L ....
her dellrory nt Mlnnonpolls to about 2'03f»
below Chicago. Tho hedging sales will be
made nt Minneapolis until that market
got* well below Chicago, when tho hedging
will be done here. The northwest will
have In it-1 in-in Ir Mint <'lilmgo elovator
people wilt not pay liny preinluui* this
year fbr spring wheat, ns they already
have their houses well filled with good
winter wheat. Minneapolis will have to
take core of her own wheat.’*
Hales of cash grain Id Chicago yesterday
urns 156,000 bushels.
PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat nud corn:
Wlwiit Iferelpt H today, l.L'.WGO bushels,
against KW.ooo bushels last year; shipment#
today. 821,000 bushels, against 611,000 bush
els Inst vear.
Caro—Receipt# today 3W.000 bushels,
against 862.000 bushels Inst year; shipments
today 26.000 bushels, agnlOtt 242,000 bushels
last year.
CHICAGO CAR LOTS.
Today. Tomorrow.
CENTRAL BANKS TRDST CORPORATION,
CAPITAL $500,000.00
If you contemplate opening a new account, or changing your ]
banking arrangement, and wlah to connect youraelf with a atrong, i
alive bank, fully equipped to eerYe you aa your bualneea JuatltUa, wo
Invite you to call and talk tbe matter over with ua.
Aaa O, Candler, Pr.ald.ni,
W, H. PaHaraon, VIoa-PraaldanL A. P, CoIm, Caahl.r,
John •. Owana, Vlea-PraaldanL Wn. D. Owen, AaaL
ATLANTA NATIONAL BANK
ATLANTA GA.
C. B. CUSRISSf Praaldant A. E. THORNTON, Vlc«-Pr«ld.nL
H T. INMAN, Vloa-Praaldant. QEO. R. DONOVAN, Caahlar.
JAMEt I. PLOYD, Aaa’t Caahlar.
Capital 8500, Mt.M
Surplus and Undivided Profits. $500,000.00
We Solicit Your Patronage.
Frank Uawklna, Pr.tld.nt.
H. M. Atklntoe, V. P. Tnuma.C, Brwln. Aaat Caahler.
Jo*<ph JL McCord, Caahltr. n. W. Bjr.r*, A**t Caakler.
■ Third National Bank
Capital
Surplus
Dr. A. W. Calhoun
Milton Dnrjran.
John W. Grant.
II. Y. McCord.
DIRECTOR81
Frank Hswklna.
I! M. Atkinson.
Joseph A. MeCord.
$200,000.00.
$300,000.00.
J. IL Nunnalty.
J. Carroll Psyaa.
MADD0X-RUCKER BANKING CO.
Hem Orlttm.
WARE & LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
No. 2 Will SI.. Point Bjibing, Atlulo. Co.
MUBINS:
How York Cottoo fifbq» CbUtgo Bond of Trade.
Now Orleant Colton lichangt. Chicago Sink Itthange. B
litttpool Coffos Attociailoo. Ntw York Collar Inhango.
Brittle flO !• York, Mem Orltont. CkUago. •• C C01 BEAN, Manager,
tell Pkoee 1262. Standard Phone m.
CAPITAL
SURPLUS AND PROFITS
$200,000.00
$500,000.00
ACCOUNTS INVITED
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking.
\ 1, m Miiiiiflttkittfltaii WBilrt
mot
