Newspaper Page Text
' "M""'," I! "
THE ATLANTA
-f»«WV
GEORGIAN.
BATUR I»A Y, AUGUST 4. 1!**
EDITED BY
JOSEPH B. LIVELY!
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
Mr. Lively** 2T» year** experience
>f editing markets In Atlanta nnd
the South has made him a rec-
refilled authority in bit specialty.
y
jna EXCITED
IT THE OFEIMG
jeavy Selling By Outsiders
aud Bear Hamnieriug
Weakened Prices.
| A RALLY FOLLOWED
IFlood of Selling Orders
Forced New Crop Op
tions Down Later.
n» Prlrite Loaoed Wire.
. B t>« iork. Auk. 4,-At the onUet the
Imiid.1 market w*» exrlteil. awl urljja
ISXIkriwl under severe bnnimer ng 1-.v the
ISaTn .nd heavy wiling l,.v .nii-Mer*. A
I 587 of S Iiolnfa followed tlio riepmslon
ISie to rovering. after which the bear*
|,£eed the n«w crop opttons down further
|5S3Jr i flood of lolflut* orders.
h. IJvernoot cotton exchange tvns
ed on ticrount of u bonk lndldny. honee
a... oiteet of yetterdny'* decline In. the
f American markets 111 «lmt coiilor
lint si an Jnflaenre on the eonn»
| inf. mornlrut. hut. oa ImyltiK orde
l“"lred from Uverpool. It would aeetu
■ our decline waa considered too severe, nnd
I Sit prices were forced to a level sum-
| ci.ntlr low t# appear attractive ns an In-
I v.gtnient to the English spinner nnd spec-
I'the New York market opene.1 constrict*-
My eirlled, but chances were email either
I wav Sentiment waa bearish, nml shortly
I sfter the opening prlros began to sag. and
I hr the time the session was nn hour old
1 ■}«. low record* for the present movement
were mnde. A partial recovery was made
before the clone, which was unchanged
to s point. lower.
Thee Price Is reported ns having aban
doned the long able for the time being.
He la also reported to hnvo liquidated
heavily yesterday.
, The weather, except In (ioorgla. North
I Carolina nnd South Carolina, It* <-ported fa
| curable.
SPOT COTTON MARKET.
Atlanta, quiet nl lOtte.
New York, quiet nt 10.70c.
New orlean*. quiet nt 10%c.
Liverpool, holiday.
(ialveston, steady at 10%c.
Memphis, quiet at 10>Ac. _
(fouaton, quiet at 2011-15c.
Ilaltlmore. ateady at lOTic.
Norfolk, quiet at lie. .
phUadelphla, steady nt 10.80c.
Wilmington, nominal.
THE WORLD’S VISIBLE
SUPPLY OF COTTON
Secretary Heater, of the Now Orleans
cotton exehnnge, In hla atatement of tho
world'# risible supply of cotton, shows
that tho visible supply of cottnii decreased
139,863 bales during tho past week, against
a decreaae of 77,330 Inst year nnd - -
crenae of 98,120 the year before.
The total vlilhle la Mf-5,203. against 5.-
131956 last week, 2,907,461 last year nnd
1.494.215 year before Inst. Of tills, the to-
tal of American rotten Is LMS492. against
1.37.956 last week. 1.-W5.B72 Inst yl-nr, and
«53.:i5 ^-car before last, nnd of - —
NEWS AND GOSSIP
Of the Fleecy Staple.
STOCKS OPENED
GENERALLY LOWER
... •. .i-w Mltchall continue, _ SB
Mitchell breaking the market by bis heavy
selllnz.
Nordon ont with following: “nulla s<
Wo short Interest enormously Inereat...
Chance* of liny deterioration almost Invisi
ble. Homo trade excellent. Present level
attractive to purchasers.**
New Orleans. August 4.—Buye
cresslve, and while the bulls are attempt*
Ing to support prlees the general trading
public does not seem to have any faith In
the long side.
Cotton opens steady at nn advance of
3 points. Trading waa fairly actlre. Roth
long# nnd shorts bought on the belief that
the decline bad been too rapid,
bought August freely.
The cotton exchange has rescinded Its
closing order 'Monday. All exchanges will
Room Tradei’s
Take Their
Forced’ to
Medicine
RANGE OF NEW YORK STOCK MARKET
Amalgamated Conner
American Sugar Refining
Atlantic Coast Line
I Opcnj
This Morning.
OVER-STAYED MARKET
I*, upcu Monday except u'vcrpuoi a"nf icin' Leluded with Long Stock
Which Was Thrown by
Bull Leaders. '
moderate
Following Is tho statistical position of cot
toii^on Friday, Attffuxt_>. aa made by the
New York Commercial Chronicle and wired
to Ware ft Lein ml:
This ‘Last
Week. Week.
Last
Year.
y 7>^J
1.806.862
3.254.762
i
74.337
3S7.869
Visible supply... 2,348.969 2.380.631
Stocks IMP
Exports
Int. receipts
Int. shipment!..
Int. stocks
Trlvate Wire to filbert ft Clay.
New York. Aug. 4#—Mitchell continues his
heavy selling this morning.
Norton ft Co. and Uverpool are tha prin
cipal buyers, the former covering shorts.
Nordeu bought 15,000 cotton so far.
COFFEE MARKET.
Following is the range nnd close of New
York coffee market for today:
Opening
itange.
7.15-7.25
7.25-7.35
7.35-7.40
7.40-7.50
.. ..7JO-7.55
.. .. .7.56*7.60
7.0
6.86-7.00
6.904.96
.7.00-7.06
7.06-7.10
..7.16
January
February.. .
March.. .
April
••
June
July
August
September..
October.. ..
November..
December.
Close.
7.10-7.15
: 2" r.*>
7 3" 7.36
: 8*711
7.4.". 7.T»)
7.50-7.56
7J3-7.60
6.164.90
6.M4.90
IJ04.96
7.00-7.05
7.06-7.10
against 9BFV Inst 'week. 1.102,-1
600 last year and 835,000 year befo.% last.
The total world's visible supply of cot
ton ns above shows a decrease compared
with Inst wee* of 139,664, a decrease com
pared with lost year of 652,170, nnd a tie*
crease compared with year before last of
(if the world’s visible supOly of cotton
shove, there la now afloat and held in
Great Britain nml continental. Europe 1,*
135.00). against 1,576,000 last year nnd 883,-
600 year before Inst; In Egypt 43,000,
sgslnst 73,000 Inst year nnd iS.OOC year
before last; In India 725.000, against 730,000
last year aud 401,(81) y%ar before iftif
Closed alradyl ’Bnl,,. 78.000 ha*#..
HAMMER BRIGADE
ENTERED MARKET
Orleans, Auk. 4.—The Tlmca Demo
crat says: The rediscovery of n commonly
known fact stampeded the cotton market
put n big club In the hands of'the bears,
sent the price down for n net los of about
30 points on the active options nnd broke
the deadlock apparently effectively. The
cottou crop Is doing well. Everybody knpw
tbnt. What they did not know was that
much of the long Interest In the foil posi
tions held nt New York, and which had
been doing service ns a sustaining Influ
ence. had been sold out beforp yesterday,
knowledge of which brought tho hammer
brigade Into tho game with old-tlmn seal.
The bureau crop condition figure Indicating
only fractional depredation during July Is
convincing evidence. If such were needed,
of*nn excellence in yield prospects that Is
not often excelled, though It by no means
proves up glut In raw cotton supplies for
another yenr. However, the mills have
llttlo to fenr. Tho speculative outlook
meanwhile has rhnnged immensely, A sharp
decline was needed nnd n further decline
now will probably crente n short Interest
large enough to give zest nnd real tone to
the market Inter on. But professionals,
rather than the public, are yet tho mar
ket’s dependence, therefore continuous ac
tivity may not bo nntlclpntVd with full
nssurnnee nt this stngo of the frame. Tho
dslble supply statement met bullish ex-
Wr _ “ * *
By Private Leased Wire.
New York, Aug. 4.—The reaction of yos
terday*afternoon continued through the two
hours* session today, nnd led to general nn*
quite substantial losses at the close. Lon
don wns dosed on account of bank holiday,
tmt the disquieting news from Bussln lmd
some slight Influenco on the local move
ment. The bank statement showed a de
crease of 34.464.000 In surplus reserve.
In reality, however, the mnrket, wns gov
erned chiefly by the feeling tlint Its own
position called for some further set-back.
Prices opened down qulto sharply, fluc
tuated for the next hour, nnd townrd tho
closo fell ngnln the lowest of tho dny.
There wns no great rush to sell, but buy
ers feeling that n reaction wns duo were
evidently tnklng their time In pldtlng up
stocks ngsln. The lonn increase of 318,700,-
000 and the comparatively trifling cash loss
were of course nt vnrlouoe with yesterday's
forecast, hut tbo state bonk complications
might explain this discrepancy. A sharp
rise In sterling was another incident of the
dny.
The stock innrket showed gqnernl declines
at the opening, extending to % In Brooklyn
Rapid Transit nnd Amalgamated Copper.
Baltimore nnd Ohio, 8t. I*nul, Southern Pa
cific, New York Central, nnd Erie were off
% and Beading declined % In all. Union Pa
cific nml United States Steel preferred de
cline.! v
ment too long, nnd were landed with loug
stock thnt wns thrown on the market by
whnt were regarded ns bull lenders earlier
In the week. After the first few minutes
the market brrnme quiet nnd during the
greater part of tho first hour business wns
almost entirely professional nnd confined
to the floor of the exchonge.
Governments unchanged. Other bonds
steady.
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit ant
Produce exchange.
Lemons, 34.754*6.00.
Limes 50 to 75c.
Peaches, per crate, 50c to $1.00.
Pineapples, 31.50 to $2.60.
BnunuHs, straights. i»*— bunch 3L50 to
$1.76. Culls, per bmiL-n, $1 to $1.25.
- K to $20.00 per 100: do.
Wntermeln'a. $7.60
puddle
pectatlons.-
Lelnnd.
sgslnst 73,000 Inst yon
- ’-din 72
„ .11,000 year uriure mm,
sod In the United States 362.000; against
528,000 Inst year nnd 155,00) year is>fofe
last;
New York. Aug. 1—Tly» Son says: A sharp
fall occurred which was not nt nil surprls-
In view of the fnrt thnt, according to
government report, the deterioration in
H wop within a month has been less than
of 1 per rent. The condition wns stated
at $2.9. against 83.3 last month. 74.9 Inst
jrenr, 91.6 In 1904, nnd a tcn-yenr average nt
date of 82.4.
GIBERT & CLAY 8
DAILY COTTON LETTER.
New Orleans, Aug. 4.—The absence of
news from abroad owing to the bank holi
day in England naturally mstricta the
fuller range of market prices. It will be
Interesting to note whar construction the
English trade will put upon yesterdny'H
government figures, nnd whether or not the
full response will be observed on the open
ing of optlous next Tm-sdny morning.
Whenever such drastic shrinkage In values
eecnrs, as wns the ease yesterday. It is but
:nral to expert thnt the pendulum of
posed to have participated. At nuy rate,
nt one time during the dny the loading
bull gnve vigorous support and stendb * '
market. But the selling movement
became genernl and prices were carried
downward, though townrd the close emer-
mBHBlBHriVftrJ
i to the
PBBBitm?
ulng all the way from Ih,i50.0ft0 to 12,000,00)
bales nnd over. Further rnlns were re
ported in the Atlantic states, but ns n
de the weather nt the Houth wns gener-
favorable. The spot mnrketa were
rule
i lly
JllKi 1*111, UII III'- *
hand, a failure of expected results
only bring al»out thorough liquidation, nml
st the same time Inspire tho more natural
tendency uf the trndo to aggressive action.
TODAY'S PORT RECEIPTS.
The following table shows receipts nt the
ports todny, compared with the same day
last year:
WEEKLY CHRONICLE'S
REPORT ON WEATHER
New York. Aug. 4.—Our telegraphic nd-
rlc«»s from the South this evening denote
thnt rain has fnlleli in most localities the
past . week, and thnt In portions of Texas
nnd lu aotne sections elsewhere the precip
itation hns been rather heavy. Shedding
nnd boll weevil nre complained of In
19M
1406
Vw Orleans. ...■*..
Galveston
Mobile
fiavnnmth. ......
I’hnrlraton. ......
Wilmington. ......
Norfolk
Nmt York
Boston. ........
Philadelphia
476
490
152
1962
17 .
m"
» *”
2
&
S3
U
&
«
M
’I
i
Total
8241
MB
DAILY COTTON LETTER
New York, Aug. 4.—The llnuldntlon thnt
idnvod so Important n part in the severe
break of yesterday wns again In evidence
the earl. ** “ “
trading In cotton this
INTERIOR MOVEMENT.
The following table shows receipts nt the
Interior towns today, compared with the
same day last yenr:
Houston.
Augusts. . . .
Memphis. . . , ,
■ft""
rbinxe of iron nrw. and known illaaalvr
to tho srnwlnx plnnl to Itrlnx .bout a
change of sentiment. The price Is tint one
tn attract having fur [nrestment as hinx as
Ito-twTSS well. The colt™ told jea-
tenlay nai l—cn taken by ahnrta. ami n
targe quantity will, therefore, lie for sale
mi the nrat com! rally. In • wonl. rallle*
tire almnt all the trade look* for at lb.
present lime.
turpentine firm
THROUGH THE WEEK
Special to The Georgian.
Karannah. Ua.. Aug. 4.-Tbe splrlta tur
pentine market l>egan thd week firm at A***
■nd closed firm at STHe. On Monday thf
market Buffered a losa of U«*. regalnwl
It the following dny. Once or twice later
« decline seemed Imminent, but bnycra
“me forward In time. The closing under
tone yesterday even at the sdvanrewns
stronger than for many days. It Is beUeved
m>w that the low level bai .been passed.
(Tn .cconnt of the condition In the womla
aa the rranlt of
Htlehtlr cut down. The shipments were
llrhter than usual, owing to the decreased
railing*, "ml the stock Increased more than
“itositt 'opened and riowd the week with
...fnt.rtoiiii milt for ctctt grade, and with
vcrc llttl7 'change for ihllald. price.. In
thFlate trading ?e.t»rtUT wgter whlto waa
taken at #25. a gain nrer oalalde Imard
alrnrea'of 10c. The lowest grade, also
•ESS, gain* A number of Imyera nre In
fh2 sirtrt ihd the IHddlng each day I.
spirited. •
GIBERT & CLAY
STOCK*.
«• «■ ALMAMA #T.
MCMBCR»»^ ‘Chicago Board of Trade.
ATLANTA. OA.
table, per lb., 20 to 22V4c; cook-
J per ib., 12V4c to 15c.
ouey—New 84$ 10c lb.; In 2-lb. racks 10
^VEGETABLES.—Irish potntoes. No, 1
stock $4 barrel; No. 2 slock $2.50.
Tomatoes, per crate, 76c to $1.25.
Old sweet potatoes, per bushel. -II to $1.2i;
new sweet potatoes $1.60 bushel.
FLOUR, GRAIN, PROVISIONS.
FLOUIt—I*os tel a Patent, $6.00; Diamond
pntent, $5.60; Mnaeoutnh Stnr, $4.68: fancy
intent. $4.65; Uwl Engle. $4.40; Blue lllbbou.
$4.00; fancy, $3.90; spring wheat patent, $3.25
CuIlN—C’holcc red cob. 76c; No. 2 white,
75c; No. 2 yellow, 74c; mixed, 73c.
OATS—Choice white clipped, 52e; choice
white, 50c; choice mixed, 48c; Texas rust
proof, 60c.
MEAL—Plain water ground, per hnshel.
7Se; bolted 140-lb. Jutes, per bushel, 65c;
Shorts, white, $1.40: medium Si.3S; brown,
$L80: pure bran, $1.16; mixed bran, $1.10.
IIAy.—Timothy, rh.li™ i»f£' lialiw. JUfc
do, choice smnll bnlcs, $1.06; do. No. 2
timothy bales, )l: do.. No. z, $1; da, No. l
clover mixed, $1.00; do, No. 2 closed mixed,
90c.
CLOVEIL—Choice 90c.
The above prices nre f. o. b. Atlanta, and
subject to Immediate ■ceeptnnce.
GROCERIES.
SUGAR—Standard granulated. $5.20. New
York Refined, 6*4; plantations, 6ty. Market
verv strong.
COFFEE—Roasted Arbuckle'a $16.60,
bulk, In bugs or barrels, 13c; green, 10 to
12c. Market normal.
RICE.—Carolina 4V4 to 7V4c, according to
grade. Market very strong.
CHEESE—Fnney fall crentn dairy, 14%c;
twins 14c; brick, 14c. Market strong.
PROVISIONS—Supreme hams, 15c. Iiove
liants lf.V\ Cnllfnrnin bums 10V>«-: Iteil I'rnss
hams. 15c. Dry salt extra riba. $9.75; bellies,
20-5 lbs., $10.25* fnt backs, 8c; plates. 8c:
Supremo lard, $9 76; Red Cross, 10c. Snow
Drift compound, 7%c; Ued Cross, 7He.
M’CULLOUGH BROS.' FRUIT
AND PRODUCE LETTER
do, preferred
Phlson
do, preferred.,
Iting Refining
High Low
102H 101 Si
i3iii
i icTSJ
| Cl se RM
nnndlnn pnelfi.-
'hlcagfi nml Northwestern,,/.,
'hcsilpeiike and Ohio........,..,,,,,,
’olorudo Fuel nnd Iron
do. preferred
Genernl Eleetrle
Illinois Central ,•
American lee Securities*
Louisville nnd Nnshvllic
Mexicon (Vntrnl
Missouri Pnclfle......
New York. Ontario nnd Western
National I.end
Northern Pnclfle
New York Central
Norfolk nml Western
32% I ?2%
1194 lly\*
77% 70:
1M%
1 116%|
I »-*%!
[LTra,
ioi%r ioi% i v%'
..... 143 1UH
136% ] 136% 137%
255 I 24 %| 3U%
69
..... 113%! 11354
151%' 151%! 152%
116%* Ut.%1 116%
92%, 92% -*
NOTES ON GRAIN
Pointer! on Provisions.
119% I
m
Ft
People
ylvnnln
Go
Pressed steel car
do. preferred...*
Paelflc Mull ; .'
Hemilitg
Republic Steel *
Rock Island
do. preferred
United States Rubber
do, preferred
Southern Pnclfle
Southern Hallway 7 ..,,,
d<>. prof erred................
RIoss-Bbeffleld
Tennessee Coni nnd Iron
Texas nnd Pnclfle
Union Pacific
United StnteH Steel
do, preferred,..,.,,
Western Union
Wnbneh
do. preferred
Wisconsin Central
do, preferred...
Total stock antes today ISO.ldO shares.
=2*
I 131
*ii%
! 1*6%
: -19 Vi!
- gr,
119%; 119% 119%
71V, 75% 7S%
165 164% 166%
294% 3)4% *X
59 59 59%
SIS! 11% 53%
2SV »% 3b%
I IDI% IU1%
18%! 18% 1K%
i*.; l* %
ig% i76%
67%
114%: 146%
Private Wire to Glbert & Clay.
• Chicago, Aug. 4.—Crop advices from the
northwest generally favorable. Very smnll
demand for Manitoba wheat new 1-rop ship
ment. While prices look very low, the
foreigner does not seem to be attracted.
This argues rouslderably lower price*.
MlnncnpnllM market In already feeling the
effect of liberal hedging sales. The load
la growing heavy day by dny.
With dry weather over Sunday, prices
- _ - - Jt noiiuoj
•urn will be sharply higher ue
Oats will probably follow
reck.
«% 93%
46 46%
7» S
RANGE OF THE COTTON MARKET
AT NEW YORK.
Tbo following Is the range In
futures lu Now York ledsv:
Last V
Open. High- iai* tbdo Close.
Aug. . 9.68 9.70 9.67 9.67 9.67-68
- q»L . 9.84 9.81 9.80 9.81 9.80-81
-t. . 9.98 9.96 9.91 9.96 9.94-96
Nor. .10.01 10.01 9.98 9.98 9.77-93
l»ec. ,10.02 10.03 9.96 10.01 10.01-02
Jnn. .tO.Mi 10.09 10.03 10.07 10.07-OK
p>h. .16.12 tan Hil ■
Mar. .10.19 10.20
April
“ay. .10.29 10.29 10.27 10.27 10.29-30
Closed steady.
10.03-04
tfjf 66
10.611"
i*». u*
10.23-25
TIPS PLASHED
From Wall Street
Private Wire tn Glbert & Clar.
New York,~Aug. 4.—Irregularity Is likely
In the stock market todny. There nre n
number of different factors operating for
this. In the first place, Saturday la even
ing up day. Mccoud, the London exchange
Is closed today mid Monday. This will
Induce conservatism. The outlook for the
bank statement Is not good, which will
Induce professional selling. Further, the
During tbo lost ten days receipts of live
poultry have been greatly In excvsn of the
demand and eonsumptlou: In fact, n com
plete glut baa nnd rohtliiucs to provnll,
necessarily musing a henvr shrinkage In
values. Receipts of dressed poultry, with
the exception of turker*. also Iq liberal
supply with values Inclined to go lower.
But little If any change noticeable in eggs
for several dnys. Receipt* about equal to
demand and coiienmptlon.
Some better demand Is noted for tho best
grade of table batter.
Cabbage nnd Irish potatoes, nnd espe
cially rabbsgo, slow sole, with the mar
ket glutted. *
To the contrary, onions of the best qual
ity selling for better price*.
Vegetables, generally
famished by the local, gardeners at b
prices.
Too ninny grapes nrrlvtng to be *o!d to
advantage of the shipper.
Bananas plentiful, with prices sufficient
ly low to outhorlze a general and liberal
insmnptlon.
pineapples scar
prices
nn«l selling for high
Lemon market rather weak daring the
laA week, with lower values prevailing.
No oranges In the market.
While n better range of vnlues prevails
I efictJca of the. best quality, but little
difference noticeable
Tomatoes senm* nnu
price#
*-*iere Is a letter dr
NEW YORK BANK STATEMENT.
The weekly stateme
York Stock Ex*
York Cotton Ex
York Coffee F.
ggEKjgJ Orlunn. K 5f S3- K>.1.««•» Cotton E«6*»
Wtro.,.^*11 EicB*n^*- R FAQANj
*** T*
New Yo
>ew Ye
Local and Long Distance Telephone 5294.
the following
J.746J>001
tho good recovery, to enrry stocks over
Sunday and the London Jfondny holiday
In the face of It. Hcnctiomu'y operations
would not be surprising, therefore, we
would not neglect pouie profits on bulges
today.
Marshall, Spader ft Co.:. "Wo shall con
tinue to regard the market ns tending up.
but prefer commitments In the nctlve list
entirely. The nietnl shares should loglcnl-
ly turn stronger nftnr such decline or renc-
tlon ns inny take nlnre today or Monday.
There l« nfso good ground for supporting
preferred Steel nml Itnltlmore nnd ubto."
Uptown sentiment:
that tho lunrket Iimh
about four weeks.
action, except thnt _ __
and in view of the expressions of unfa
vorable b.mk #tnteiiient, look for the mar
ket to be Irregular nnd reactionary today,
nnd, pcrhnps. for the first dny or two
on the average.
Private Wire to Ware ft Lcland.
New York, Aug. L—London closed until
Tiie**dn>
An unfavorable bank statement expected,
nnd, along with time mo>-y stiffening,
creates bearish sentiment, nnd declines
may itecon * ' **"
resistance.
AT NEW ORLEANS.
Aug. ,1'J.IS 10.21 10.18 10.23 10.25*27 10.00
Sept. .10.03 10.06 10.03 10.03 10.0G4W 10.06-Ofi
Get. , 9.93 9.94 9.8M *‘"‘
Nov. . 9.16 9.96 9.96
Dec. . 9.96 9.96 9.90
Jnn. .10.00 10.03 9.96 20.01 10.
Feh 10.07-09 10.06-08
Mar. .10.14 10.16 10.11. 10.14 10.17-18 10.14-16
Closed steady.
ii.ua iv,(« ju,w-w ju.'fl-’m
B.8K 9.94 9.93-94 9.93-91
9M 9.16 9.94-96" 9.92-09
MW 9.94 946-97 9.98-94
Dun's nnd Brndstreet's reports on bust
ness meat favorable mol outlook < b*crfnl.
On good breaks, believe Ktccls, Norfolk,
Chesapeake nml Ohio, Atchison, Missouri
Pnclfle. Ixmisvllle nnd Natbvllm nml South
ern railway will do to take on for turns.
Room traders will even up ns usunl over
Sunday.
Dow-Jones* summary:
tendon stock market closed until Tues
day morning.
Tndirntlnns paint to poor bank statement
llusslnii situation continues disturbed
with further mutinies.
Republic Iron nml Steel director says
blast furnaces of the country hnve sold
most of their entire possible production
for the remainder of tho year.
SOUTHERN EXCHANGE
Oldest Established Office South.
C 0 TTOS STOCiiS BONOS GRAIN
Qround Floor Uould nutlding. Dotty
m.-.rtvrt lrttrr nnd mnrlict jnnnunl
matted nn application.
eetlng with
Railroad' earning* continue to show In-
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, 6RAIN
ComtpoRhil'i Cipltil $250,000
RCrCSCNCC, THE NEAL BANK
PHONE HIT. PNUOfNTIAL BLOG
■■■■■■■ x the strength
i. but «>ut#ble of this uot much eu-
t-ourngciueiit to buy.
Chicago Record-Herald: Elevator people
and cmdi wheat exporters continue to pre
diet that September wheat nt Minneapolis
will g<» to a full shipping discount front
tie- (iilengo |ir|cc hecblctl headway was
umde in that direction yesterday. From
n discount of %c under Chicago nt the
opening ou Thursday, there was n discount
of %e at the Host last night. The north-
western wbeot men an* nmloaslj nwnltlng
the avalanche of wiient that they believe
will emu© when tho harvest Is over. Cut
ting Is rapidly advancing north, recent
rnlns iMVlug apparently •bdayml It a little,
hstliuntea ou the yield per Mere will be
S Iven close attention, slid will go far lu
xlug the trade estimate of the size of tho
spring crop.
STOCKS REVIEWED
BY NEW YORK SUN
.... Irregular wuy during the drat
then Ih-cuiuc nervous aud leverish. .u
time* Individual stocks advanced sharply,
but these spasmodic luoveuieiit*. had no
widespread isvurablo adect, tending rath
er to ncrentuat© the change lu the char
acter of the buying, which had Ikiwijc
wholly proie*i|oniil. Tills change was ac
companied by u con traction lu tho volume
of biislues*. - but hi SHiu aa It becauiu evi
dent that special movements were availed
of for protit-taking by large speculative
qucnce. Htop-orders were uncovered In
number of stock* oil the decline In the last
half hour. It was not contended that there
was anything In (lie business or dnuminl
situation to eatise nuy change In the cheer
ful sentiment that has pervaded the mar-
ket for a couple of Week*, but It
tlve Issue* showed nl the highest level
yesterday a rl*e of ulwut 3 |H»lnt>c from
Monday'* dose, w lil.e coiiKMirt'ti «riw thrxn-
week* ago the rise was not far troui lu
imliits. Hie London market was heavy
aud largely of ii holiday character, many
or the lookers having gone away to the
country, as the stocic exchange lu the
British capital will l*e closed today uud
Monday.’ — Glls-rt ft Clay.
COTTON SEED OIL MARKET.
with quite it little oil changing
hand*. There was alio some selling of
November. Pressure ou Uctober was agnlu
lu evidence, letter deliveries were easier,
with slightly lower price*, but near de
liveries lemnlned linn. The bidding on Au
gust wns \ery cautious, however. The
gardlng a steady eltunlloii, and (mil at*
thnt the decrease lit the East is offset
by gains lu the western growing
Dating **
very iltt
Leutnd.
Opening
linage. Close.
August,. ,, ,, ,, ,. .. 37% / o..n% 37%dj3>%
September 17%®37% 27%%;|7%
October 34%'d34 -* 34%'<f34%
November ,*:i%tn3I
January ,, .. 81 4<31% 31
February.. .. ,. •• 31 4j2J% 31 t/31v*
Closed dull.
WHEAT SUFFERED
A SHARP DECLINE
Pit Traders aud the North
west Sold the .Market
Heavily.
SENTIMENT BEARISH
Floor Crowd Became Dis
couraged aud Dumped
Holdings Freely
Chicago, Aug. 4. The grain ll*t w*«
again lower, 11-8®I S-Sc for wheat, 3-*
* . ft* foi corn nml l-8'<il-4c f., r outs.
Hog products were 2 l-2Q5c off to 2 1-2
OlOc up.
The pressure of wheat waH too great
nnd the coarse grains followed It!
weakness In a manner around the bnt-
fom prices reached. There was good
buying by scattered shorts, not only of
wheat, but of com and oats. too. While
there was doubtless considerable cash
trade In wheat, corn nnd oals, all par
ticulars were withheld.
Primary recelpta of wheat for th«
day 1,111,364 bushels nnd corn 379,-
000 bushels, ngnlnst 912,000 and 542,000
bushels, respectively, n year ago.
Clearances 823,000 bushels wheat,
442,000 bushel! corn and 323,000 bush
el! oats.
CHICAGO GRAIN MARKET.
Open. High. I-ow. Cto
-tn!
I*>% l*>\
May 47% 47%
OATH—
Sept.... 31% 31%
Dec 82%
May 3lf! 34%
PORK-
Scpt.. 16.97% 17.00
Jan
LARD—
Sept...
Oct... 8.99
8.83 ‘,8.M
. . miMj iM
Jan... 8.22% 8.22% 8.29
HIDES—
Sept.. 9.12% 9.25
Jan..
87% 8.95
86 7.60
AHII WHEAT—
Vo. 2 re-1 72%«78%:
hard winter 71 %5|<
n%.
m.
7«5 ’
3*1%
Si
8.%
8.22%
9.15
!* M
7.62%
4; No. 3 do ;o\fi
PRIMARY MOVEMENT.
Tb« following
lii.vpnient of w hi
Wheat —Heed |
i gainst 9tt.<
NORTHWEST CARa
Tho following flaures glvo tho n»irfhwe»t
ir* today, lant week nml Inst yenr:
Lnat Last
Today. Week. Yenr.
Mlunnapnlli
Duluth.
41
34
.. LIIU
busliel# ln#t 3
nfs tiwl.iy, 575.001 bushels
primary
bushel#.
— iy. 5i5.t
90 Iniahrl* Inst ye
Corn—Receipts today, 879.0M bushels,
ngnlnst 6Q,OO^J[in^hcls _ last year.^
busluds Inst yenr
r»..Vn» bushel*, ngnlnst 4b».
CHICAGO CAR LOTS.
Todnr. *1
CENTRAL BANKS TRUST CORPORATION,
CAPITAL $500,000.00
If you rontomplato opening a now account, or changing your prwMnt
banking arrangement, amt wl»h to connect your*elf with a .trong, eonaerr-
utlvo bank, fully equlppod to aerve you a* your bualneaa JjatlOea, w.
inrite you to call and talk the matter over with u,.
Aaa Q. Candler, President.
W. H. Patterson, Vice.Preeldent. A. P. Celee, Chief.
John 8. Owen*, Vle..Pr**ld*nt. Wm. D. Owen*, Aeet. Coahler.
ATLANTA NATIONAL BANK
ATLANTA, GA.
HUBBARD BROS & CO., merchants
Atlanta Offices, 219-321 Century Building.
Member* New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aooo-
clution, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Bualneaa solicited forthe aboveexchangea.
Direct wire aervice. Correapondence Invited.
Phones 454, Long Dlatance39. A.S. Hu»taee. Mgr
C. E. CURRIER, President. A. E. THORNTON, Vlca-Presldent.
H. T. INMAN, Vlea-Preildant. CEO. R. DONOVAN, Caahlar.
JAMES 8. FLOYD, Aaa’t Caahlar.
Capital $500,000,00
Surplus and Undivided Profits $500,000.09
We Solicit Your Patronage.
J
Vision's,Stocks 1 ? bonds,
Jtnr Yeffc *•» <>"•••’■
WARE «-
COTTON, GRAIN, PRC5V
g*. 1 Will SI., f'ltrt e.lldlni. Atl.nl., Cl.
MAMAS:
H.W0.1...CMoga 'Vt'CoWaA£*,r.y
Btll Phont 1262. 5fs«rf«r8f»#a
- Prank Hawkins, President. _
H. M. Atkinson, V. P. TnomaaC. Krwln. a**t raakter.
Joseph A. McConl, C'niMcr. It. W. Br-r*. A«*t Ceeater.
Third National Bank
Capital
Surplus
$200,000.00
$300,000.00
Dr. A. W. Cslho
Milton Imrxnn.
John W. Grant.
II. Y. McCord.
DIRECTORS!
Prank Hawkins.
II. M. Atkinson.
Joseph A. McCord.
Occidental Fruit and Produce Co.
i - mrnirrninTrfT " *
WHOLESALE FRUITS AND PRODUCE
AND CENERAL COMMISSION MERCHANTS.
HEADQUARTERS FOR BANANAS, PEACHES AND CANTALOUPES
THE HUSTLERS
M. COPELIN, Pre*.
N. BROAD ST.
JOS. GENNTISON, Mgr.
ATLANTA. GEORGIA.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITED
Wc invite accounts of individuals, corporations, banks
and bankers and offer the lx'st terms consistent with
conservative banking.
In our HavIngM Departm'nt we allow Interest at the Rate of 11-|
cent. Compounded Semi-Annually
IttfelHHiBlBilWHliH