Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN. TTFfiPAT. AUGUST 7. 1*w. JOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE y's 28 year# experte*' market* In Atlanta at b h*s made film a rac ufhorlty in 111* specialty. %= ENGLISH CABLES I WEREJAVORABL After Its Holidays Prices Started Better Thau Expected. NEW YORK BEARISH Prevented a Full Response to the Strength Abroad. Fluctuations Narrow. By Privst# Leased W Ire. NeW York. Aug. 7.—The cotton market arming brra was disappointing to those »bf» Md expected that the list would fol low quotations nt Liverpool. The room trader*, 'who wore still bearish At heart, supplied the demand, preventing n full mponiu? to the strength abroad. This Jo- t.il pressure was In part from Interests that went Ion* At the bototn. bat who have turned again to the short side ns Offering the most attraction for the Inmiodlatu fu ture. SPOT COTTON MARKET. leans, easy nt 106-16c. IJverpool, quiet nt 6.93d. Augusta, quiet nt 10%e. Savannah, quiet nt 10 516c. LIVERPOOL COTTON MARKET, Liverpool, Aug. T. 12:15 p. m.—Cotton, ipot quiet, with prices carder: middling mdamis 1.10(1; antes 6.000: Amerienn 4.2U0; speculation and export WO; receipts 5,00) American 100. Futures cq*ned quiet. 9 CfpftHM VfMrtoQ* Range. ('lose. Close. Argil at. S.6S-S.63 6.62 5.72 • . .5.rW5.37 5.M-S.D7 5.G6 . .5.55-6.54 5.61-5.52 5.81-5.62 .5.534.# 5.474.48 5.58 ..5.524.49 5.47-5.48 5.68 ...6.624.64 5.47-5.48 6.68 . .5.624.60 6.48-5.49 5.M . .6.534.53 6.504.61 5.61 ...5.614.54 6.524.53 5.63 5.634.54 5.64 oct.-Not.. . Nor.•!>♦*. . IHT.-Jnn. . . Jim. Feb. . Fob.-March. March-April. Aprll-Mny Closed quiet. TODAY'S PORT RECEIPTS. The following table shows receipts nt tha arts today, compared with the same day Inst year: 1908 1906 New Orleans Galveston M«d>lle . Savannah Charleston Wilmington. . . • . , Norfolk. . . 'to* Inn Ihllndelphln S/Ui Francisco. 119 1416 88 1499 3 C 7<W 80 4217 7641 J* *22 9 two 446 1 25 * Total. .... „C. 19359 INTERIOR MOVEMENT. The following tnlde show* receipts nl the t Interior towns bwlny, compared with the * Mm. il«r In.t year: f 1906 1905 t lloiisten . 3122 4369 h Augusta 19) 80 c Memphis Nt. f^ail* 31 S3 r 237 t 21 n Cincinnati .160 Total . 3740 4492 Ij WARE A LELAND’8 DAILY;COTTON LETTER New York. Aug. 7.—It was generally ex pected that the Liverpool market, nfter the two ‘days' faolldnr. would hnnlly spend to 1 ' the break In New York, w that market was closed. TbtS expectation ns realised. but the market*1tself fr to hold the initial ndrnnre and Intel In the day all the reeovery was lost with prices selling nt the low figure of the pres • nt movement. Weather In the sou tit gen- rnlly favofable nml there seemed t<> ho no upiH,rt worthy of name. An effort was unde to hold the market through purchases of Jnnunnr and DMraWr. on which holders attempted to sell October, but the operation failed In Its purpose, nml whenever October- was offered the entire market broke away rapidly. The simple fact of the matter i* that the crop Is doing very well and Is re ceiving so much moisture that drouth, the only development to be feared at this sea son. Js very far away. It is now the time when Southern marketers of cotton will begin to hedge their cotton with sales of futures, and It Is difficult to see how the market can stand this selling at Ido n pound. It looks very much ns though there w *s too. much cotton in prospect to en courage buying, and either one of two things must happen. Hither there must be a big crop disaster or n decline In pit— Thus far Indications seem to point to latter. COFFEE MARKET. *o*-****i nrm at navonre or to in points. As the call progressed heavy Wall street profit-taking developed, and the late months were only 6 to 10 points net higher. There wsp enough demand to absorb the large offerings around the Initial figures, and the market showed n fine tone during the fore^ trade Interests oc filbert A: tiny. iln nge. January fVhrMry March April Jtny.. .. .. June i&- I Rcptetnber.. 7 Jh :::::: l>eeemher.. ..' T.66-7.45 Honed barely steady. ,. ,7.60-7.55 ...T.6S-7.65 ..T.70 ...7.70-7.89 .7.76 .7J0- ..tj6-' .7J6 (lose. 7.35-7.40 ; fo r..vi : T .V, 7.6 • 7.65-7.70 7.70-7.71 7.15-7.50 7.gyr!# 7.5-7J0 7.30-7.35 THE LIVE 8V0CK MARKET. - 13.000. Market strong to shade *lty fair; left over 4.7W; hulk it minted for tomorrow 27JVV): csjpra t. higher: Kir,*.- _ 8-35; yorker** f6.65^6.7t; good to choice heavy J6.6rw»f6.f5. ft • 'attic—Estimated receipts 4.6.V. Marker •trady to strong: quality fair; Mirra $3.43*1 «».* cows 1154.3; heifers 12.25^5 C:>; ealvan NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Glbert A Cloy. New York. Aug. L—Liverpool 9 down from August 3. Was due about 13 down. The failure of the market to open higher was due fo hammering by the local traders on the theory that cotton bought for h re action Is still for tale. Howard Wilson bids 10.16 for 10,010 Jau 1’Se Journnl of Commerce says: ”Tht market at the opening had a steady and healthy tone, with some indications op- parent of a larger volume of trade to come The Jobbing houses had an especially nctiv day. despite the great heat, and In th> commission houses It was sabl thnl mall uews was very satisfactory.” The room traders are ha market on bearish news from _ Selma's first bale of eottun received to day—same day as last year's first. New Orleans, Ang. 7.—Liverpool at 9 down is better than expected. Was due to ahow n decline of 11 points on our market, unfa vornble crop accounts since the bureau n* port musing the failure to fully respond. Liverpool cables: “Expect temporary rally; market steady and continent buy. Ing. Map Is less favorable owing to the con tinued rains which nre fairly general. The weather Is still unsettled with cloudy con ditions prevailing and a low barometric pressure of large area extending over west ern Texas. There has been considerable cotton for sale this morning, but the market has found little difficulty In absorbing offerings. Offerings principally by straddles on favor able differences. Weld & fo. wire from New York: “Our own people In Texas advise us of crop de terioration owing to weevil and worms; en tirely too much rain. Hal ns have occurred again In north run! south Texas and At lnntic states. American spinners are buy ing.” Aew York, Ang. 7.—Liverpool futures opened Irregular, 6 down on near and 7 down on late: at 12:15 n. in.. 8 down; quiet but steady. Males 5,000. Mpots 8 down, at ».90d. Futures due to come 12 to 18 down. Peters taught about 10,003 October nt 10c little disappointing on Liverpool cables. Selling very general by commission houses and locals. New Orleans nml Liverpool sold cotton here. Hulls arc disappointed and are Inclined to sell cotton, lleve advance will hold. New Orleans, Aug. 7.—nulls nnponr to l»o unable to put prices up and the reartlon that they claim Is overdue does not mate rialize. The troth of the matter appears to t»e that the larger short interest some people are continually tnlklug about does not exist. Hpots nre Inactive. Ur Waco wires ..»oyenshura • ft Hulllvah: Forty-mile drive through the country. Dull weevil and worms dnmnee getting fry -■ rlous. Cains continue.” DAILY COTTON LETTER. it the logteal decline. This expectod. Nevertheless, values do- i parity nlng nt made purchases here around Iraetlon nml gave considerable . ___ market, sufficient, nt least, brief period to absorb the eompnrn- free offerings, but not lasting enough Intsln opening prices. Today's map insldercd less favorable, general nt* nnvmg again fallen over the belt, nnd f» easts continue to Indicate unsettled wee er, while private reports from Texas review of the weather £X with 1 verenst skies prevailed. ATLANTA MARKETS. • FRUIT8 AND PRODUCE. Officially corrected by Atlanta Fruit ant Produce exrhnnge. Lemons. f4. Limes 60 to i5c. I cnrhes. per crate. $L<B91.60. Pineapples, $1.60 to $260. Bananas, straights, »*-• bu"ch $1.50 to 11.75. Cull*, per bunco, fl to <1.25. Watermelon $740 to fB00 per 100: de. roi-'KllV AND COUNTRY PRODUCE— Lire h-n. 35 to 37 Hr; frl», MV4 to :5c: I,toller, 15 to 22VJe. ut» duck., Tckln J) to Sc: puddle * to I754C. Dressed bens, per lb.. 12c to 53c. Eeffs. per who, 15 to 18c. nutter, tstde, per lb.. 20 to HHc; cook- Inc. per lb.. 12;y to Ke. IIou*]r-p,iT i-aiOc lb.; In Mb. racks 10 ei v'rGF.TADLER—Irish poUtoes. No. stock 51 borr,l: No. 1 Slock 5J.W. Old sweet potstoes, nee hnshel. || to IL3; new sweat iwtatoaa $L60 bushel. FLOUR, GRAIN. PROVISIONS. FLOUR—Postels Patent, $6.00; Diamond patent, $5.5>>; Mnscoutah Star, $4.65: faury patent. Ktt; lied Eagle, $4.40; IHue Rlbhob 10; fancy, $3.90; spring whMit patent, $5.23 $5.76. i’OltN—(’holes red **ob. 76c; No. 2 white, <e; No. 2 jeffow. T4e; mixed. 73c. OATS—Choice white elfpned, 52c; choice white, 50c; choice mixed, 48c; Texna rust proof. pure bran. Jl.io; mixed bran. $1 05. HAY.—Timothy. cb.,ice large Isiles, $1.10: choice small bales, $1.06: do. No. 1 timothy bales. $J: ^ ^ •]: da, ffkj clover mixed, $L00; do, No. 2 closed mixed, ^CI.OVEIL—Choice EK The above prices are f. o. b. Atlanta, sad subject to ImuuNllste -cccptauce. GROCERIES. SUGAR—Standard granulated. $120. New York Refined. 5>i; plantations, l\i. Market ' ChlVKE-Roasted Arbuckle's $16.60, bulk. In bags or barrels, 13c; green, 10 te *>. Market strong. RICE.—Carolina 44 to 74c. according t« grade. Market very strong. CHEESE—Fancy full crentn daffy, 1414c; rlns 14c: brick. 14c. Market strong. PRoVIklONK—Supreme hams. 15<\ Dove una jj’te. California hams Wmtt Red Croei homs, 16**. Dry salt extra ril»s. $9.87; l*e|lls*, •>04 lbs.. SlO.-'A: fat hacks. 8c: nlate*. Kr: Supreme lard. $0 75: Red Cross. 10c. Snow Drift compound, 7V; Red Cross, «\c. THE W HOUR London Was More a Factor Than It has Been For Some Time. WAS A HEAVY BUYER Pennsylvania Was a Prom inent Feature of the Early Trading. By Private-Leased Wire. New York. Aug. T.—The market this morning was In most respects a repetltloi of yesterday's movement. Trading was uot particularly active, neither was It dull Rut the feature again was the small qttan tlty of buying necessary to cause a sharp advance In prices. This charar terlstlc sp pea red somewbnt more general than ll had yesterday, giving the market n broad er aspect. While previous favorites, like St. Paul and Union and Southern Pacific, returned to their high price levels again, they no longer In tho same degree monop olized the trading Interest. The whole Pcnnsjlvnnln group were notably strong nnd active, ns also went the Steels, t Missouri Pacific nnd other of tiie dominant southwestern stocks showed signs of sldcmble life. In the stock mnrket. Initial prices show- 1 a gain of V in Amalgamated. New York Central. St. Paul. Colorado Find nnd Smelting common. Northwestern and Rend ing were up Ue; St. Paul gained V. Erio common up Me; Northern Pacific Is ad vanced IV. Brooklyn Rapid Transit wns the p\c«-|itlc:i. being V lower. Following the general gains made nt the opening, the market continued strong all through the first hour, ami prices general ly made ml va tires ranging front V4$T24 points over the otienlng. London was tuoro of a factor than It hn* been for some time. Arbitrage brokers took fully 25,000 shares. Pennsylvania was n prominent feature of the early trading, and «:i- bout'llt on it large scnle by strong houses. Colorado Fuel advanced 14r on buying by the annul Interests that were active In Northern Pu- clflr stocks. Government bonds unchanged. Other bonds firm. LONDON STOCK MARKET. HTOCK- Anamndn..... Atchison Canadian Pacific. .... .... Chic.. Mill, «nd 8t. Paul... Krie Illinois Central .. .. Louisville nml Nashville.. .. New York Central Petmayplvatila - .. Rending Southern Pacific Union Pacific..,. United Htntes Steel. . . do. preferred.. .. ... GOVERNMENT WEEKLY REPORT ON WEATHER RANGE OF NEW YORK STOCK MARKET Amalgamated (Winer American Sugar Itetinlng Atlantic Coast Line Anaconda A ntorless Lnei imotl re., l‘V pr do. preferred American Cotton Oil Baltimore and Ohio, Brooklyn ltsphl Transit Canadian Pad tie Chicago nml Northwestern Chesapeake nml Ohio Colorado Fuel nml Iron..... Central Leather <!<». preferred Chlengo and Great. Western Chicago. Milwaukee nnd St. Paul Delaware and I Distiller's Securities Erie do, preferred Illinois Cent Amerlrsn In l.oitlHvllle a Mexican c’ci urlttes National Lend...., ‘ i Paelflc..,.. rk Centrar.. Norfolk nnd Western 1‘onnsylrsma Rending. Republic Steel Rock Island do. preferred United States Rubber •lo. preferred Southern Pacific Southern Hallway * •. preferred Sheffield * Tennessee Coal and Iron Texas and Paelflc Union Pacific I nit--! Slates Steel •lo. preferred VirginiaCarolina Chemical do. preferred Western Union Wnhfteli • 1-1. preferred Wisconsin Central referred ; today" 7i»,600 shares. OpenltltghfLow j Cr«cliud"|crse. bi?T 1430 143% 1 ^ 1«% 18S’ 4 13841 m | 1^0 t- 26s I OH | Ji'e 1114 ur,| 1134 11SH 1134 1614 1344 1334 * NOTES OX GRAIN Pointers on Provisions. RANGE OF THE COTTON MARKET AT NEW YORK. Tha following lo the range la cotloi iture* In Now York tclav: Lm»t Previous Open. High. Low v >la Close. Close. Ang. . 9.72 tf.<2 S.fiO 9.60 0.8341 t.69-70 Sept. . 9.90 9.90 9.70 9.71 “ Get. .10.02 10.02 9.K2 0.K3 Nov. .10.03 10.03 9.01 9.91 Dec. .10.10 10.10 9.92 9.94 nit, Nor 9.89-70 0.84-85 9.82*83 10.01-03 D.87-88 10.01-03 9.93-94 10.26-20 10.16 10.17 10.00 10.fl 10.01-02 10.12-13 10.04 08 10.16-17 10.28 10.29 10.12 10.14 10.18-14 19.24-28 .'lay, lft.'ie uVk io!m m-SJ'!!!!!! rlo.p.1 barrljr .Irmlj-, AT NEW ORLEANS. The following Is tho range In cotton futures In New Orleans today. . . f<aat Previous 0|»eu. High. Utw tUle. Close. #1.»se. Atlg. .1.1.43 10.43 10.26 10.25 10.24.28 10.40 tfept. jo.12 10.12 io.oo io.no ».xn t 10.12 Oct. . 0.9S 9.99 9.83 9.M 9.86-M 0.9S-9O NOV 0.86-88 0.0901 Dee. .10.01 10.02 9.8H 9.82 9.83-83 10.01-02 Jan. .10.06 10.07 9.93 9.94 9.95-98 10.08-00 Feh. . .... 9.99-03 10.16-16 Mar. .10.0) 10.20 10.07 10.07 10.08-09 10.30-21 C'loacd steady. TIPS FLASHED From Wall Street. SMi6 75: reed prime steers $6.15Q6 5): poor rame-IItim $3.75tir».10; atockers nnd feelers M. Mar- _ . fair; an- Vs” $2 vwi.'« western 25: y*ar- gs $.'».«>^6.16; land*# $l.5>t»*; wsatern $1.50 Ol BERT &. CLAY S«*7S: ATLAMTA. OA. come. saovtstONS «• K. ALABAMA erw 1 or* 1.01100 r.i- »»»*'-• New York Coffee Bxchaaga.j Orleans Board of Ti h Alton Cotton Uxchnngek all Cxchaogea. tea. W. I Alabama—-Fair weather with ample sunshine prevailed during the first four days. The last three days were gen erally cloudy with showers over the greater part of the state, the rainfall being heavy In a few widely scattered localities. The temperature was nearly normal. Arkansas—The sunshine was abun dant and the temperature above the normal and favorable. Rainfall very light and below normal everywhere tx cept In Union county. Beneficial show era occurred In the northeastern coun- Dry weather was highly benefi cial over the greater part of the state. Georgia—over most of the stato the weather was cloudy with frequent showers, the rainfall being heavy to excessive In scattered localities, but below the normnl In most districts. The humidity was high and the tem perature moderate, the latter being from 1 degree to 2 degrees below the normal. Louisiana—The weather was partly cloudy and light scattered showers oc curred every day. The precipitation, however, was below the normal except In a few localities where the rainfall tvas between 1 and 2 inches. Temper ature and sunshine about normal. Mississippi—The weather was gen erally fair with abundant sunshine ex cept during the closing days, when local showers occurred. The rainfall exceeded one Inch over small areas In the eastern and southern portions, but elsewhere was generally light. Tem perature was comparatively uniform and nearly normal. North t'nrollna—The weather was generally cloudy and sultry- There was small range of temperature throughout the week, the mean being nearly normal. The rainfall averaged somewhat below the normal; but was excessive In the central and some cast ers counties and caused considerable dAmage. Oklahoma and Indian Territory—The mean temperature was slightly below the normal. The forepart of the week was dry, warm and clear. The latter part was cooler and cloudy with light to copious showers over the entire sec tion. South Carolina—The weather was generally cloudy with frequent show ers over the whole state. The precipi tation was heaviest In the gorthem. western and southeastern counties, where It was much above the normal. Mean temperature slightly below the normal. Texas—Scattered light to heavy showers occurred dally, being most numerous on Sunday. The rainfall was heavy in western, southwestern, north central nnd northern counties and below the normal In the extreme northwestern portion on the Immediate coast and In eastern and numerous centra! counties. The mean tempera ture was below the normal except In o number of the northwestern counties and on the southwestern coast, where It was not mat. Hunshlne Is much needed In many localities. Tennessee—Temperature averaged about normal except In the western portion, where It' was above. The rainfall wns considerably below the rmal. consisting of scattered show- t. generally light. The week was generally favorable* ninth* of 1936 equal to 8 nor ■nutnon. Boijeve there Is 10 to New York, Aiig. f.—I-omlon firm over tha holidays, H to 4 up. w-ltli n slinrp rise n consols, reflecting Improxod situation f g Husain. Sent Intent muon* letlillug operators i commission houses Incline* to ImlUaha for U Is evident that Secretary Shnw t muilst the money mnrket liy either buying tlo.trjn.mil govern meat (Minds or inn king de posits in national hanks. with hlg crop* In slslt.. . - y - •liiftrl.il enrnlugs showtiigjaree Increase, It should work up to more nubile Interest it the market nml a gradual Improvement In price*. ... , , I he.tr very strong, < <>n Hteels and 1 TtVhUnn, Krl-, nml Pniithrrii llnllwnjr n-lU u.T*lop ncllrltj’ In »n tipw.M illi*c t Ion. Nntli.mil Biscuit earnings for first six . -Tii- . . - -, p r# |,t „„ the to 16 points to res for n long pull. Is oow V t.ikii tp, ii it b pntc n h per rent proposition, as suothcr extra dividend of not lea* than 1 per cent be expected for tho fiscal year, (»<>» more. Dow, Joues ft Co.’s summary: Amerlrsn storks lu Loudon strong, '* to % above 1 Ylnrrlinnn stocks snd United Htntes Hteel only dull features. . t , . Mharp recovery In British consols and tnerai !/>ndou sentiment Improving, (thnrtsgr of Mllwnukee Avenue Htote hnnk of Chlengo estimated nt $700,010. Harvesting In Northwest will become gen eral by August 1» Stocks plentiful In the loan crowd. Better private demand for lionds, rape- ally In small amounts. Fifty two roads for June show nverage net Increase of 19.23 per cent, and for seal year 21.30 per cent. TvSUfy-atS roads for fourth week of July show average gross Increase of 16.3 per «1.1 Prominent bankers expect no money stringency this foil, provided stock specula tion It not over extended. American Express stockhoHers agitating for 12 per rent dividend on stock. Reports from Denver Indicate Colorado *uel surplus for fiscal year ended June 30 » $1,000,000. Twelve Industrials advanced 1.18 per rent. Twenty artlva railroads advanced 1.29 pet rent. By Private Wire to Glbert ft Clay. New York, Aug. 7.—Marshall. Kpader ft Co.: The London market was strong this morning except for the Fteels and Karri- man*, but In a general way We expect our mnrket to.die supported and ndvlso pur- 'aclfir Bull tip pert to >•< . .. Jscretlon. »ot on Canadian Pacific. It work higher. Kx- COTTON 8EED OIL MARKET. There nppe I'll to pressure In values ■■■ August ^ . JPI "IT under these offering*. Far deliveries Were quiet. The market mnllntinM n wait ing one. with stocks moderate. Uuro|M> Is •loin* little, but then* appears to l*» little oil to do with. The recent break lit cotton nml more ronfident estlmntes of the cotton crop nre naturally having some Infltienrc on sentiment. Prices at the clime were uti clutngcd %i 4 lower.—Ware ft Inland. Ojieulng August.. .. •• ■ Heptember.. .. Ocbdtor Novsmbor.. .. December.. .. January Closed steady. navy department has the lagnl right to buy nnd operate airships for lighting par- Poses. Rome *uggc«t a new department of notional defense—the “Aeralty.*' _...ele. Those that the female d the nest ore removed to l an Inciiliator. • lepokl t H hatched SOUTHERN EXCHANGE Oldest Established Office South. conos—STOCKS BONDS DRAIN Ground Floor Gould nulldlng. Daily- market letter find market manual mailed on app’lcrttlon. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN Comspoidiit's Cipiltl 1250,000 fgcrgRKNCg, THE NCAL BANK PHONI 1417. PftUOKNTIAL BLOC HUBBARD BROS & CO., £Sn Atlanta Offices, 219-221 Century Building. Members New York Cotton Exchange, New Or* leans Cotton Exchange, Liverpool Cotton Aaao- elation, Chicago Board of Trade. New York Cof fee Exchange, New York Produce Exchange. Businesa solicited for the above exchange*. Direct wire service. Correspondence invited. Phones 4S4, Long Distance 39. A.S. Hustace. Mgr. The Chlengo Inter-Ocean says: Ci snip* of wheat at Chlengo yesterday w\._ 100.960 bushels, corn 200,out), and wits 165,0-10 bushel*. Hxport sales were 214.009 wheat lu all p«i sltlons. 49,030 corn. 9».ano bushela nats. ^ Charters were made f«»r iso.ono wheat and 95.000 corn III l%e to Bnffnb*. A ear of new *pring wheat from Iowa ar rived here yesterday, the first tills ye-tr. The rtinnir/ *nld |. » wheat yesterday than on any Monday within n mouth. Cash houses railed acceptations small, but when they rflmr to figure the aggregate pur chases they were of fair volume, part leu- tarty uf roft«wht*nt. which exree<le«f pxikn- tatlons. Very lew bids were sent imt Bat- urday night owing to the decline In price*, and buyers did not look for large accept ance*. Farmers are said to lie selling less wheat, particularly In the Southwest, where rains hare delayed threshing. Bldi sent out Inst night were *«<• higher than Xntur- V American shipments of whaat last week were 40 |*<*r cent of the total‘export* front all (on 11 trie*, and were approximately four times the qunntlty exported last year. Kx- norts from Russia «howed n further marked falling off. while Ionian shipments were un expectedly large, (if the total shlnuuuits the amount shipped for onlers were 1,018.000 bnshej* compared fo 1.800.000 the week ]»re- vlons. Continental conn trie* took 2,448,90) hnshel a. Whent stock* In pnhlle elevator* lu Chi cago last week Increase*! 1.612 009 bushel*, corn decreased 80,000 ami oat a tlocrcusod 94.000 btishc'*. all noaltloiia lttcrea*e<l ^1, ..asml 860,000 com, and Increased 260.090 oat*. The Month wn* In th" market yesterday for moats nnd made large purchase*. There wa* also * largo export demand for Imruii and lard. Stocks of meat* at the Wentero nicking point* nre light e* compared with last year and the trade I* starting In heavier than a year 0*0. NEW CROP COTTON IS BEING RECEIVED 1 }■» With In Unit IflPEHEO STRONG SOMEWHAT HIGHER Enrly P’oroign Bullish Re ports Started Fairly Good Buying. Now York. Aug. 7.—The Hun (JverpiNd rinsed, tho cotton spccul . .. lo** nctlye, nml during the grantor portion LITTLE WAS OFFERED .1 L.-ii.-.l Hlliriillv owing 1<* lln- fm-t itiil th n weather at the Hotitli wa* goiicrally fnvoratde. Ilimni traders, too. *d«l and tho Knuth iwnt. selling orders. Tiie *pnt market* were quiet and largrr receipt* <»f new cotton wore expected In tho near ftt Itnlcs, tnre. Yesterdsy Houston got against none the same day Inst year. fatter on. however, covering of *h »rf* Imparted n firmer tone to the market. The selling wn* by 110 mean* aggressive, many considered good, but the weather during the next few week* will have an impor tant bearing on this question. CoinmUelnii houses In Homo cases hail buying orders. Heavy rains were reported In Texas. The action of Liverpool today Is nwntfed with g'»'«l 'I'll 'f 1111 e n ■ s t, Mill in.ll'ki’t til \ lli .* been rlvxnl sluce the government report wan nnnotniced last week.—GU»ert ft Clay. market ndvnnced lu spite of rather general licnrlsh uttmeut. Tito fact that tho public refuse* • sell the staple appear* to bn the real stay, nnd unless Liverpool displays some remarkable price peaMmlsbi thl* morning the elw-Atlnntle ring* may experience a re turn of dendlork conditions, modified possi bly. but none tit'* le*» tniitnllriirt. Truth 1 nt the ent the Is to < h Ingle In At the Close Wheat Wns a Fraction Higher—Coni a Fraction Lower. By Private (.eased MTlre. Chicago, Aug. 7.— Itnll Interest* nre under :e wheat market. It will not be allowed to decline miles* n larger movement mar ket ward Is assured. The long* In wheat— up to the trick* In tho trade -had buying orders lu the In ml* sf many of the hig rash houses In nrdor to make n • hanged sml stronger front. Au enormous line of long wheat Is held her**, lit whlrh the losses are heavy sod the holders are desirous of turnlii? prices upaard so that a siiltalda dumping ground nuty be reps true ted for the bull holding* Wheat closed UtfVsc higher. Corn wes off m<V’. Gats wers •IT to \r up. I log products were 12 V* up to rv off. Cash grain trim* rations were modemf* here and nt the seaboard. The vl*lble sup ply atoms Increases of 97K.OOO bushels wheat nnd 119.000 oats, while corn loeransed 1,844,- I'rlmary n*ee*pts cf wheat 935,000 bushels and earn 3B.00U hnslml*, compared with *46,- QpO nn«l 160,010 bushels respectively n year CHICAGO GRAIN MARKET. WHEAT- fc Wl May 79 (T»UN_ Hept 49 Dee 4SH May 46% OAT8- Nept.... 31U Dee 32W Ms/ mu. 31% PORK- Hept.. 17.(16 JntL... 11.30 I.AIlli— Heiit... 8.87% Get... 9.m K 49% 45% 46% 49% 4-> T * 44% dttce bearish dl*coinfnrt. that _ tiers will i*nll cotton In volume should IJv erpool decline sharply, nnd that August Scalper* m . I —. .—jQrbt as to slblllty of nil early frost rnntmt 111hit 1 to sit oil the *bl six uld the bulla find sufficient fuel to make the pnt boll acnln Meanwhile the outlook (* for a small nnd farrow market, totally devoid of public In terest nnd dependent almost wholly U|m>ii room trader* for dally activity. The world needs n big crop. If for no other purpose than f««r the llmherlug up ••( dhr '■■rusty cotton trndp mnehtnery. STOCKS REVIEWED B YNEW YORK SUN York. Ang. 7.—The Sun says: With out any aid front London, where busluesN u ‘■t|»| 1-nded. the mnrket lo Ifh Hiil>*(an(lal ilurlug the fnronof toward n higher level. nilv worked After the first hour >nnt 1 to leave the 00 id 1 the attendance had dwindled to small pro north ii*. This mused a contraction It be volume of Imslnes*. but the mnrket eon tinned firm, nnd In the Inst limir n iimuhc f Important slocks recart rod to about tin highest level What more than anything o the strength of our nut port from Wnshbigt contributed Get... ijnf |.9T% Jan... 7.(») 7.69 CA811 WIIKAT- No. 2 red 72%f!73VL . hard winter 72<U72%; No 8.87% 8.?:% 8.17% 9.17% 8.95 7 65 No. J LIVERPOOL GRAIN MARKET. Whent opened % lower; 1:39 p. in.. N % lower; closed \ lower. Corn opened sml clonal unchanged. CHICAGO CAR LOT8. Wheat,. Com.. .. (infs.. .. Hogs. . Today. Tomorrow. NORTHWEST CARS. under consideration some neheme for Ing the ini ney market In the fall, snd while retirement of a portlmi of the 4 per cent* maturing next y-nr wn* regarded ns probably the most feasible meGo*) of plac ing the trciinurv'* avallnlde fund* at the disposal yf the business community. It was 1 Hint there were several oilier wnyw c<iinpll*h the purpose attributed to end of the treasury depnr that Kecretary Fhaw ert & Clay. Gib- ATLANTA NATIONAL BANK ATLANTA, GA C. E. CURRItR. Pr.tld.nt. A. E. THORNTON, Vie.-Pr„ld.nt H. T. INMAN, Vle«-Pre»ld«nt. 010. R. DONOVAN, CMhl.r. JAMES 8. FLOYD, All'l C»l>lir. Capital $500,000.00 Surplus and Undivided Profits $500,600.00 We Solicit Your Patronage. Frank Hawkins, President. Tnomn* C. Krwln. Asst, r*shier. II. W. Infers. Asst. Cashier. Third National Bank Capital Surplus $200,000.00. $300,000.00. Dr. L W. Calbnu Milton Dnrgnn. John W Grant. 1L Y. McCord. DIRECTORSt Frank Hawkins, ft M Atkinson. • Joseph A. JleCord. J II. Naoaally. J Carroll psyns. K II Rosser. David Woodward. MADD0X-RUCKER BANKING CO. flti. ffew Orlrssi. cotton^gra:^, ^ro^isi5n's,*sto<?ksPbonds 1 Ns. 2 Will SI., Fftrri Bwlldmf. Atlanta. 6a. FfMfffS; Its f 9 rk fatten ittkamat. K*"* *J Haw Orlaaat Caffs* iaehaaft. llattpeai Cetlaa Atudsllaa. arpooi hit ala W tall thene 1242. I la Haw Yerk, taw Or.Vsss, Ckltaga. ork Coffee hthanje. 9. C. COT UK AM, ¥anaaat. Standard n* $200,000.00 $530,000.00 CAPITAL ........ SURPLUS AND PROFITS ! ’. ACCOUNT* INVITED Wo Invito accounts of individuals, corporations, banks nnd bankers nnd offer the best terms consistent with conservative banking. Inlerrst at the Rate of 3 1-5 per ally.