The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 04, 1906, Image 15

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' "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