Newspaper Page Text
JOSEPH B. LIVELY
~ —— “ *N Ur. Llridy’s 25 ■
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE JESS
borlty to Ills sp
FEELING BETTER
Liverpool Houses- Were
Free Buyers iu the Early
Trading.
MARKET RULED FIRM
Heavy Rains in North Cen
tral Texas Was the Chief
Influence.
Br Tflvate Leased Wire.
New York, Aug. 8.—In the rot ton innrket
public cables were disappointing this morn
in*. The bearish force of the advices from
abroad, however, was more than offset by
reports of heavy rains In north central
Texas. Houses with private wires bought
on the crop news and Liverpool houses pur
chased October and December quite freely.
The list ruled Arm after the start.
Liverpool this morning somewhat better
thnn expected In the futures department,
opening about 5 to 6 points lower, whereas
it was due to come about S points down.
Futures recovered part of the loss on the
e, iuf the spot flop:r*mcut n better demand
was noted, sales aggregating 7.000 bales at
• decline of 9 points, making middling 6.8ld.
The New York innrket opened steady at
unchanged prices to an advance of 3 points,
which was not a foil response to the show*
.........../ter the opening was toward Im
provement, prices at mid-day showing gains
•f 10 points all niong the line.
It was reported that there was some cov
ering on the storm In Texns. to which the
advance was attributed.-
The weather continues favorable.
The semi-weekly Interior statement shows
receipts of 8,242 bales, shipments 10,6*9.
stock 102.822. So comparisons with last
year given. ,
Receipts of new cotton in Texas are In
creasing. 166 bales being received In Gal
veston tpdny. Augusta got one new bill.
8POT COTTON MARKET. -
Atlanta—Steady at 10%c.
New York—Steady at 10.70c.
l ew Orleans—Quiet-nt 10 6-16c.
LIrerpool—Steady at 6.81d.
Mverp«*M—eirmij ni w.on
Aucii.in—8ti*ndjr nt
xt. I.mil.-onli't nt I««c.
Mrannnb—Quid* nt 10 5-Wo.
(.'alinnlm*-HtmKly nt 10Hn.
tinlrp.tnn—Strmly nt 10-Miv
Bnltlmni*—Nnmliinl nt 10'ic.
WllmlnttOn-XMilMk
Ifoblln—flull nt 10c.
Norfolk—Quiet nt 10Hc.
NEWS AND GOSSIP
Of the Fleecy Staple.
Trlvate Wire to Glbert & flay.
New York. August 8.—Liverpool 54 dow
was expected 7 to 8 down.
The market has a steady tone,
pool and commission houses buying due
to the report* of further heavy rains
Texns, which also have a tendency
cheek selling by the local traders.
Carpenter Rngtott X Co. any: ‘Tor
moment the market looks like it scalping
affair with possibilities for n quick turn
either side."
Carpenter Gnggott Sc Co. say: “For
favor the short side of the market. I
lea* we are radically mtstaken In our
reading of conditions, the market Is
the verge of a very sharp break. Our ca
bles state that Manchester advices a
so bright ns they were.”
The Journal of Commerce says: "Tho
dry- goods market is In n very healthy
dltlon, the day’s movement from primary
hands and from Jobbing houses having been
exceptionally good in stnple lines. Trices
are showing a tendency to advance in sc
ernl lines, but It Is plain that the
levels are being forced naturally nnd
through any desire of handlers to set
fair values on merchandise thnt Is In de
mand. Many factors In the trade licit eve
thnt the present season I* to be i
reptlonnl one In tho volume of trade, nnd
their convictions nre based solely on the
business already booked."
New Orleans. August 8.—Liverpool at
down Is about ns expected on our market.
Today’s map is excellent—clear nnd dry—
the only moisture recorded being In Ar
kansas. Texas Is partly cloudy, but
rain has fallen In the cotton growing dis
tricts of the state.
Mlnnfrln, Forgnn Sc Co., Liverpool.
"Market looks higher on good bay
ing."
The innrket Is extremely narrow insofar
* outside Interest is concerned, nnd trad
ing this morning has been lnrgelv con lined
to transferring nt attractive dlfferenthls.
The relattre Liverpool differences has nlsc
attracted n moderate qunntlty of straddles.
Texns friends say: “Wo still*believe 11m
demand for August cotton will bo suffi
cient to sustain the market. Early re
ceipts are still bringing good prices, nnd
Interior buyers are trying to outbid each
other for what is coming In dally."
A dispatch front Gnuse.*Tex.. says: 'Tot-
ton prospects nre being blighted by ever-
increasing weevils. If such were not the
case, nnr part of the country would make
“ good cotton crop."
Kennedy. Bee county. Texns, wires: ‘Tot
ton is now coming in nt n lively rate nnd
pickers nre In* demand, nnd while this
crop |s good, the yield will not be
heavy ns ex nee tod a few weeks ago."
A special In the Tlmcs-Denmcrnt from
Waco. Tex., an vs: “West Central Texns
has been visited by torrential rains. Con
siderable damage to growing crops is ex
perienced.’'
Private Wife to Ware A* Lelnnd.
New York. August 8.—Liverpool futures
opened steady. 5 points down
LIVERPOOL COTTON MARKET.
ton business moderate, with pnrp» tmnirr.
Middling uplands, 5.Md; sales 7.003, Ameri
can 6.100; speculation and export re
ceipts 4.000. American M00,
f utures opened easier..
Opening Previous
Its life. Close. Close.
Ai’m-i - 6.67446 MS 5.62
641-6.W 8.524.63 5.66-5.57
6.'«f-6.46 6.tf4.49 1.614.12
6.434.41 6.44 5.474.48
.6.43-6.41 6.444.45 S.474.4S
Nept.-Oet.
lMv\-Jnn.
Jsn.-Feh.
Kelt.-Mar.
5.434.42 5.444.45 6.474.48
. 5.444.42 6.454.48 6.4*4.41
^ 45. 6.474.4* 5.504.61
TODAY’S PORT RECEIPTS.
The fallowing table shows receipts at the
C »ris today, compared with, the sumo duy
*t year.
New Orleans.
Galveston. . .’
Mobile
8imn 11 unit. . .
( h.irlestni). . .
Wilmington. .
Norfolk.
Heston. . *. .
Philadelphia.
Pensacola. . .
»’Jl
168
864’"
INTERIOR MOVEMENT.
The following tnblo shows receipts nt the
Interior towns today, compared with the
tame day last year:
!• utures
6 down on late: at 12:14 p.m. 4 to 7 down
nnd barely steady. Kales. 7.M0. Knots
points down ut Mud for middling. Fu
due to come about 5 to 7 down,
The New York cotton market opened
quiet and steady. Just a* due on Liver
pool.
„ be Sold on any rally. Weather map
looks good again today.
New Orleans. August R.—Cables rtn^nbont
ns expected. They were due 5 to 8 lower.
For a Wednesday, “the tmom day". In Liv
erpool, this is rather disheartening to tho
balls.
The weather map could hardly be more
favorably. Hardly any rain Is reported
thoVotton belt.
Clenny bidding 9.90 for large quantities of
Deeotnber, supposedly for Brown covering
XX trying, to mnke capital opt of lhe
Texas storm. Imt It Is generally thought
storm damaged the rattle, and not the cot
ton regions.
Think the mnrkct will advance 8 or
points today from enrlv prices.
WARE A LELAND’S
DAILY MARKET LETTER,
In Texas
w „..il the territories, whlrli
-Anted to lie rather destructive In
tunny directions. This change In the weath
er situation, mining nfter such extensive
liquidation of the last few days, wns suf
ficient to start a covering movement thnt
lifted prices about 10 points from the low
level tonebed yesterday. On the advance
many who had eovere»f short cotton began
to sell moderately, and there wns so much
for snle over 10e that the demand wns not
aggressive enough to lend traders to re.
gnrd the situation ns changed. Cotton luis
luid an extensive decline the past ten days,
and s react inn of 10 or 20 points Is not nt
all unlikely. But the question concerning
a more extensive recovery is one that
mains to be determine.!. It will be
railed thnt tho largest crops the Kontli
ever raised, ns regards the production of
lint per acre, were those of 1897 nnd l*'»s.
At that tliup there were flood* In the
storing
„ tverflows Inter In the season
that proved beneiirlnl rather thnn other-
GIBERT a CLAY'S
DAILY COTTON LETTER.
New Orleans. August 8.—Liverpool Hated
steady with option* showing s loss of
from 3 to 4 points, while spot transaction*
were
In* to Tog) hales. Cable news was extreme
o scarce and uninteresting In shedding
a »y light on market nffnlrs. There wa*
»«nie Increased activity In the market dur
ing the day, prlmnrllv due to the nttrnr-
■tire differentials existing between tlie nev-
•*tnl markets, which* since the bureau re-
I’ctt of last Friday, hare been slowly re
adjusting themselves. Nevertheless, the
Market Is extremely narrow nnd lacks the
nroader stroke of a more genera! Interest.
Weather conditions nre ngaTn excellent, but
t^pert* of damage., some actual, but the
rrrater portion anticipatory by tho recent
* X ‘T?**V moisture, have caused a cotisltl-
••rahle hardening up of prices augmented
rnnsiderahly by covering of the short scalp
ing Interest. However, sentiment seems to
If against the market and takes the more
tangible shape of n«si*tance when declines
•f*«**ne Imminent, whereas support I#
ttinns quantity when necessary to further
. . •••••-« iiif ion 1 iuc mm
interest Is mythological.
THE 8UQAR MARKET.
n v "Tr*- .
Inrl, Au*. l/wnl rrflnM »mt r*»
'jui.r, imr mirhAnsM. lymAnn l^-t
SJpM Omi; AlizuM 9, J'h-I. Si>pt,nil><-r H
**.
vr. full t.1 nil,I anrttnna In, «t>- roil,hi
■Ituntlon to Initurp sonrrnl luijrlnff for hlitii-
or prl,-ni. In fort. It will require roniililrr-
nlilr 1I4mure t
on tbe niorkft.
In thp rot ton
New York. Aiitnint «.-Ttle .Inrjt market
woo IrrrAulor ImUjr ami itavr ertilrnro of
fnllowlna ,0 } I ” W L’ SSt fc sS
wr rrroiHOirn-l that the trmlln* rolra a III
lie nliarrrwl. buylne on weak apol. after
• rrrrufnn and .rlllna vlrr vernn. ntTonl-
In* to the Inillrlilnnl poaltlona of the at.Tks
It. ihnitn hr terhnlrnl ami other ilnliie-
aiarraalvelr l,ulll«li in IH11l,-o vjBurnii.-
tandlnL Jndelne fruui lhe outlook at
Ihla wrltln*. for the mnnrr rttoatlon la not
elior nnd «t do not liellere a hi* boll
market la llkfljr until money I. eaay,
L. J. ANDER80N A CO.’S
DAILY COTTON LETTER
New York. An*. l-The foreljm market
aitnln failed I" r-.|>ond tally to tho drrllnr
In onr'market. The r.iiKlIah tradera Co on
the Idea, nrwren for ao many yeara, tho,
II la poor poller to aril rotten In the earlr
ibiya of Auyu.t. Jitat at the lime when. If
we are to bare any .top ararea and -wa-
C alnla. they will heitlo ■•omla* In. Wr
ire had farorahle weather for tne moat of
lhe rroo no to Ihla time, kenee old ,-o,,on
peotde°^th°nk l It very unlikely,, that Ihla
Jinte of nlfalra will eantlnne Ihrmicb Aa-
suat The erlileal perl.vl will extend not I
Shoot the middle of September. "M'l ad-
ready eomplnlnta are beylnnlc to eome from
L ~ V- h^tl n-oorll mat I
pVn;:^M h wej-..rr ? .«,.nd.h r dd,n*.
I. hlle thla la not aerloua up to this time, a
rontlnunnre of either the nnmerona ralna or
apell of drouth would prohnbly do a freat
NtVof '
In ibe h Atba'all.- mate* It I* ejnjjjjjd Ihy
sr - «5B
r„deTl4 tbejaotk J. ,«•I «-M M-torn
bKvse 1 much^cetton111 a ''*«wh larger
yield than at present Indicated becomes a
GIBERT & CLAY
STOCKS. OONO*.
ALABAMA ST. SgOZg&glBKkS
ATLANTA. BA.
correc.»
MIM6ERI1
fc p**. t °'* eats i5:r s?'.*.” ‘s’.'^k 1 KSS^lLH^W&^A^^nw
,
EBBS ^ tea towaBawinBBss
Lac and L.oa D.aUnaIWSSSS «• ^OAN. Mananae.
START IN STOCKS
WAS IRREGULAR
Good Sprinkling of the Act
ive List Showed-Un
changed Prices.
READING IS STRONG
Copper Opened a Fraction
Lower—Later Recovered
to Last Night’s Close.
By Private Leased Wire.
New York, Aug. 8.—Basing conclusions
chiefly ou the speculative position, the pre-
King sentiment In the morning's market
is In favor of some reaction. It was felt
that with such a narrow trading Interest ns
has characterised the movement of prl
for the past week the rise hnd gone too
fast to hold without some setback. Acting
on this view, there wns heavy selling for
both accounts during tho session,
stocks which have .recently beep loaders
of the rise fell rather sharply. Borne
side conditions eniphasixed the falling. One
the likelihood of the dividend on t
solldnted Gas being passed altogether,
suggested liy the failure of the executive
committee yesterday to art on tbe questlou.
Another wns tho increasing doubt ns to
tlie dividends on L'nlon nnd Southern I’n-
rifle being raised In the near future, this
skepticism being based ou the dNrfppolnt-
moots already experienced ou tills scora
Finally the heavy cash losses of the banks
d the nceoinpnnylng signs of hardening
In time money n tes made an unpleasant
Impression. The .idling did not, however,
appear nt nil hurried, nnd slackened on the
In-line, the market at inid-dny being ex
tremely dull.
In the stock market opening figures show
ed Ht. Paul, New York Outrnl. Sugar and
Union Pacific unchanged. Heading started
up 1H aud reacted U. Anaconda^ gained %
per cent aud Pennsylvania, on 7,<Wu shares,
-d on cqixl Improvement. Colorado
Fuel, Erie, Ontario, nnd Western, Southern
Pacific and Canadian Pacific gained ft.
Amalgamated opened off Vfc, hut rallied to
Inst night's Hose.
Tin* stock market during the first hour
ruh-1 heavy and prices generally showed
declines from 1 to 2 points. It was hard
to Hnd any special Incentive for the sud
den change. Penn sylvan la continued prom
inently active and strung. A. Eckstein buy
ing Rom f-hari’s. L«mbm was also a heavy
buyer of Pennsylvania. Brokers watching
the trading say thnt n large part of tin*
selling was for Sara toga account. Ill tho
last few 'minutes fib • J»**)’y of stick ap
peared exhausted and s»b**» boring o-ders
appeared prices onsllv .-*lUed. laon.lnn was
a heavy buyer of P* 3 i.ng aH I’ennsyl-
RANGE OF NEW YORK STOCK MARKET
Amalgamated
• »pe;i 11icb I.mv < I •
Cl
alga united Copper
jeriran Sugar Iteflning
Atlantic Const Line....,
Anscoudn
American Locomotive i
do. preferred
American Smelting ltdlnlng
Atchison-
preferred.....
Oil
Amerlei.
Baltimore and Ohio
Brooklyn Itapld Transit
Chicago and Northwestern
Chesapeake ami Ohio
1 ilo Fuel nnd Iron
'bm;n-c'-;"iTv io} t tv
142 I 141H 143\*
1SS US’* J3»; j 126 IX
163VX1 I53S4 K.:S, 152SI l'*:S 153%
lit: 116 116 I mi i iw% in.
WVil M4' P.’S 92*4 U2’j
31% |
, 12U%|
Central Loathe
ami Hudson..
• nnd St. Paul
Chicago
Chicago,
mUVIV
Distiller’s Kecnrltic
do, prcfcrr«M| *,
General Electric
Illinois Central
American Ice .Securities
Lnnlsrllle and Nasbrille
Mexican 4’entrni
Missouri Pacific
rk. Ontario nml Western
i«l
National Lei
Northern Pacific
New York Central
Norfolk aud Western
Pennsylvania
People
. 'aclfle Mall
Beading
Republic Steel
k Island
lo. • preferred
United States Rubber .;
do, prefer
do. preferred
Wota-Kljcffleld
Tennessee Coal and Iron
Texas and Pucllle
Union Pacific
United States Steel
do. preferred
•glnla-Carollna Chemical
do, preferred
Western l’nlon
Wabash
do. preferred
do, preferred
Total stock sales today. 656,609 share*.
168% 167%) bu-S: R-S
”204%| 204% 364 |
61*41 60Vf| c..jy 60% «.►%
51% 58%j 53% 53% 54%
39%: 39%| .T«%
I I I 101% 101%
18% 18% I 18%| b>>4
U6% 1>5%| 1a5% 1ST‘4
222 I 222 221 I 221
59% 59%| 59%f
43%| 43% I 43% 43%
i:;%
167
•*9%
145%
21%
167 I 167 i Iffi 167
i
111% 114’X: 141%
.-'1*41 '-*l%| -1%I
. 94%| 94%l 94%
4H | 47% : 47 si 4, -h!
32%
157%
4'l% | |1%
Ifth, 106%
gH 3^%
109 100
91% 91%
. (1 j 1«%I 91
134%| 135% 125* 134%
91 ; 91 | 91%; 91
52% 52% 52 " 52%
41 I 44%
1)7 107%
75% 76%
ri 32%, 33%
156%l LVi%t 15.%
40% I 4»%1 40%
1-Vv%| 106%) lf»%
37% | 37% 38%
101 10S% 109
91%; 91% 91%
46 47%
m S
RANGE OF THE COTTON MARKET
AT NEW YORK.
Tlio following ,1* the range la cotfoi
High- • uar >U1tf Close.
9.K7 9.®J 9.67 9.64-0! 9.60 61
9.68 P.74 9.74-75 9.61-70
vnula and sold-other .nr *r uitlonal Issues.
Goreniments uucbangml. other liomla
firm.
LONDON STOCJV MARKET.
Atehlaon
Atchison preferred. .
Baltimore nnd Ohio.
Canadian Pacific. . .
Chesapeake nnd Ohio.
hlntgo, Milwaukee fit Bt.
.Jrle
Illinois Central
Louisville fit Nashville, .
New York Central. . . .
Reading.
Southern Parlfic. . . ,
Southern Railway. . .
■’nlon Pacific.
'nltol States Steel. •. .
nlted States Steel pfd
irvi»i
futuiea In New York t»-!.nrt
I^i sr Previous
.°» ”
. f.6R ....
Oct. . 9.« 9.92 9.83 9.89 9.88-SD 9.82-83
Nor. . 9.!sl 9.96 9.96 9.96 9.93 95 9.87-88
Dec. . 9.95 19.04 9.91 10.00 10.0001 9.W-94
.10.02 16,13 10.02 10.00 10.08-00 10.01-0*2
10.11-12 10.04-08
.10.16 lu.23 10.15 10.20 10.20-21 10.15-14
Closed steady. *
Feb.
AT NEW ORLEANS.
, . J. ..' il.Vt
Dec. . 9.87 9.96
Jan. . 9.96 10.02
rel» .... IPHH x .„„
Mar. .10.10 10.10 10.10 10.15 10.13-15 10.08-09
Closetl steady,
9.99-10
9.W-90
!* !«i 9 91 IG
9.93 9.92-93
9.99 9.99-11
10.04-06
:• .«9 i i
:* ss v.i
!•
9.W
TIPS FLASHED
From Wall Street
Private Wire to Ware Sc Inland.
New York. Aug. 8.—Lmdon slightly higher
with money easy.
There are hints of money flurries in Mall
Street before the week's end. Six aiul
seven months' losTis now 5% per rcut.
Good opinion leans toward taking on the
Western rails on dips. There Is a very
strong pool in them nnd It Is now in
dieted flint act earnings for 1906 will sin
I’* *
ibow
i67%
. 43%
176%,175%
-- 146
111’;
133
I 77%
27%|
167g|l56%lM%
I 4L
STOCKS REVIEWED
B YNEW YORK SUN
.. penlng of
nnd the tendency iluring the first hour ’
strongly upward, so that by 11 j *'* *
/dock sev
eral stocks mails new high record* for the
f resent movement. There wns a better
ecllng In Europe over {Hilltlral sltuatl.
reversal of this position. Inter stock
bring unloaded on the advance.
There wns a continuance of go«Ml buying
noted In the United States Hteci Issues yes
terday. nnd a portion of the shirt Interest
was forced to rover.—^filbert & Cloy.
ATLANTA MAFKET8.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit IM
latmons. 84-i5r/j.O
l.lmes M to ibe.
’•caches, per crate, U-8MI1AA
Pineapple*, 3L50 to *2.60.
Wntcnnclo*«. 87.60 to fi^O.00 per 100: de.
m i-oi;Fr7iY and roiiNTitv rnoDfCB.-
Lire lien* 35 to 37%e: fries 22% to 25c:
broilers U to 22%c. IJvc ducks. Peklu 34
Sic; puddle 26 to 27%c.
Dressed hens, per lb.. 12c to 13c.
Eggs, per dozen. 16 to lie.
Butter, table, per lb.. 20 to 22%c; cook
, per lb., 12%c to 16c.
out-y—New *4/ 10c lb.; Io 1-lb. racks 10
<U2c.
VEGETABLES—Irish potatoes. No. 1
stock *4 barrel; No. 2 sjock 82.50.
Old sweet |Kitat«M-s. per boshet. 81 to 8L24;
new sweet potatoes 31.60 bushel.
FLOUR. GRAIN. PROVISIONS.
FLOL’Il-J’ostHs Patent. 16.00; Diamond
latent. 85Ao; Mnscnutah Ktnr. $4 65; fancy
latent! 34.65;* R.-d Engle. 34.0;*Bbie itlhboi..
— -ring wh:-at potent. 35.25
in-in, k■ 1 ,
00: fancy, 33 9); spring
. p 75
CORN—Thnlce rH **Ob. 78c: No. 2 white.
71c; No. 2 >-n«»w. f4c; mlxe.1. 73<\
OATH-4’holre white flipped, 5Jc; choice
white, 50c; choice mixed, 43c; Texas rust-
roof, 60c.
MEAL—IMsIn water ground, per bushel.
Or; bolted 140-lb. jutes, per bushel. 65c;
Shorts, white, J1..V); medium. 31.40; brown,
■‘,35: pure bran. 31.10; mixed bran. 31/4.
HAY.—^ * *
CLOVER—Choice 90c. .
The al*oxr prices are f. o. b. Atlnnt
■object to Inuniillnte «eceptsncs.
GROCERIE8.
SUGAR—Wandard granulated. 33.20. New
York Refined. 6%; plantations, 5%. Market
COPVBE— Boasted Arlmcklo’s 316.50,
bulk. In bag* or Imrrels, 13c; green. 10 to
*>. Market strong.
BICE.—Carolina 4% to 7%c, according to
grade. Market very strong.
CHEESE—F*ner full cremo dairy,
twins J4c; lirlck. 14c. Market strong.
bams. I5e. Urr *nlt i
3!i.V*
rei Idrtl. t*> ~o. It. -1 «’
Drift Composml, 7%.-; Red
is. 15c. Pore
Red «’r..*i
A7: licliies.
nml watch-
. HHHIH,. Jmthir loaB
fii" nn irregular market nml believe It ad
visable to secure profits on nil upturns.
l,ookft as If a lot of long storks hod been
thrown over, and they nre coining out m
be bought lower
uirowii im'ii nun »«•«
chunks. Believe they
don ii today. ■ ,
Dow. Jones Sc ('«.'■ summary: Americans
In tendon quiet, imt mostly rather above
* London ^market genernllv cheerful with
fnrtiier advance In consnlik
Suliwny flooded last night lielow Four
teenth street.
Railroads will test constitutionality of
rail war rate MU.
SSI0
Russian government Issues roll for new
Great Western July earnings largest In
Stocks plentiful In the loan crowd.
Twenty-nine roads for fourth week of
July show average gross Increase of 14.75
per cent.
Fatnrable crop conditions cause check to
advance In commodity prices.
London reports easy money outlook.
United Ktates Steel earnings for July
were in excess of 3l3.W).00O.
Enrlv advance in foundry Iron expected.
Twelve Industrials advanced .12 per cent.
Twenty m tlvc railroads advanced .22 per
cent.
COTTON SEED OIL MARKET.
New York, Aug. 8.—The market for eot-
ton seed oil wns dull nml heavy, with No
vember, December nml Jnnunry all offered
nt 21c on thfi early call, and tne far deliv
eries slowly feeling tlie effect of the Im
proved Idea* regarding the cotton crop.
Near deliveries were dull, nnd tin* trade
waiting for the development of activity In
September and Ovtofter, iiiiturallr evehln
111* of outstanding speculative Interest l
these months. Spots quiet with n moderate
demand. Tbe market nt tho close was *
regular, with prices %c lower to %c high
—Ware Sc !.elaud.
NOTES ON GRAIN
Pointers on Provisions.
ipoct a firms
. irket. imt If we have n fair hulgi
tod.li would s-|| ule-at short for i Inin
heavy rains should be a stimulating
nt*.
Wright and Wells good sellers of Mny
corn tliis morning. I pdlke best buyer of
Heiitemner
Wheat oulr Imre |
Not ns iiihi'Ii bull enlluisla-iu a*, evpi-di d.
I’eavy and Boseuliuum iMniglit.
May bo dead wrong, but beUavs they nre
full of com mid any selling * " *"
break It l>elow 46c.
tints steml
lulsitlou li.nn
l»c^t sellers of May.
In provisions the large run of* hogs with
prices ot j-“ * ‘
lug. st.M-k yunis nml locals led ttk
lug. Brokers - thought to bo operating for
Armour bought September pork.
I’hlcago laier-Oceau: The wheat trade I*
Impressed with the Idea that the
movement of soft winter wheat has
u discounted for the time being by the
decline. There has been too mueli rain
In the KoutInvest for a large movement.
KoutInvest for a large movement.
\e little deterioration ill quality. o\v
heavy rains on the i *
had been cut nnd put In tb . ...
* stark. For two days the selling move
nt from hedgers lias decreased, whll
number of the elevator people have |i
conspicuous buyers of •futures In the pit
This menus that they are taking in their
hedges nml nre nlsn selling cash wheat.
Tlie Ctidnhys are the largest traders In
corn. John t’ndnhy hns 2.0fc).i>on htuniid* «»f
September, so the mrn pit gossip run
tood line of Mny. Mike Cudahy bn
large buyer of llajr corn , for sir
l Ins n good sized holding,
erlng by September shorts Ii
for three day*, nml Mny lus be
This hns widened the spread hetwi
tember nnd Mny from 2e to alnii
Hep
'hlcng«». Aegiisf s Liverpo.d respoixlx to
r wheat firmness of yesterday. There
seems t*» l*e good lofis for expecting fur
ier ndrnnees In prices.
Influential Interests continue to buy Mny
com.
liellere
weather nml
(unis.
Feel ronfldi
lietter.
4*hlcngo Record-Herald says: Export sales
of wh»nf. nil positions, were reported Inst
night nt 2<>uWi bushels, rubles from the
•utlneiit were stronger than those of the
ornlng nnd they rontniiied an evident
Isposltlon to buy. Tlie afternoon bids
ere In reflection of the day’s gnln here
id showed thnt the continental buyers nt
least woro willing to follow the market a
anting threshing re
mits will do considerably
Hi tie
tlrsl car of new spring wheat of the
yenr arrived In (*hfcogo yesterday. It
mine from Illinois nnd graded No. t The
first car received last yenr wns on Aa-
SOUTH A SELLER
CAUSED DECLINE
August ..
September
October ..
November .
December .
Jnnunry .,
Opening. f’lni
.. 37%€(37% 37%?!
Ulo
COFFEE MARKET*
New lork, August R.—The coffee market
opened steady nt n decline of f. to l‘> points.
which wns considered n very good showing
lew of the lower French cables. There
.. a good demand nt the Inltlnl decline
nnd during the innrnlng prices rallied. Most
of the loss wns recovered nnd In the earl;
afternoon only n couple of months were
points lower, while the balance of the list
'/in.,,,;
was net unchanged,—Glhort
Opening.
7.80-7.15
7.45 7AO
Private Wire to filbert St Cloy.
Ier &
New York. Aug. 8.—Marshall. Hnnder
o.; “Unprecedented railroad earning* n
[itendid crop* will hardly deter public
Me.
ffluent, nil other things !>elng fn
•M the market has hardened ns n result
of these considerations. Meantime, by the
simple process of iioii-supiM*rt, we ore har
ing n small reaction, which, we believe.
/fl only tempt more extended public In
terest In the tradjng.**
March..
April.. .
May.. ..
7 I.'.
7.60-7.«
7 6f, 7 7w
7 •* 7..-I
September .... 7.10-7.15
<h’iol*er.. .. ,, ,, 7.10
Novemfver .. ,. .. 7.90
llccember. 7.26
Closed steady.
7.10-7.15
7 ir. 7 ji
7 :• * 7 .*"»
7-OT 35
7.40-45
7.45 7.60
7 f.M 7
7 IN. 7 O',
7.<m 7.'-,
7.00-7.05
i.oiV.i,
iStk r. hl * ■ , ~' k ' natkrl '* " ** rc * , “ I b.lns Liverpool.
Special to The Georgian.
Newberry, H. C n Aug. 8.—One of the
largest shipment* of cotton from New
berry In several years was mode by
Mr. O. McIL Holmes, a cotton buyer
of this city. Twelve hundred bales
were shipped In one lot, the destination
right here. , , _ __
New York Financial Bnrenu: “Curbing
“id
of speculation Is Indicated by public nn«j
private Interviews with banker* who do
not anticipate any stringency In money un
less excesses nre committed In the stock
market. The market therefore will prolsi-
Idy remain largely professional with mod
erate liwrensc# In public Interest from time
to time. Whether It Is long slock sold on
profit account during strength, or whether
it *s Is merely offered ns n check, make* but
II tic difference, the dally operator nnd nt*-
t- rnnre will fIiowMIuH some stock Is being
0 »rod on strong snots, and we recoin
mend that attention be given to the limit*
Indicated In detailed statement. Tbe policy
seeuia to lie also to force the shortage to
take Stock, ns manipulation Is bulllshly con
ducted. and In thla wny Issues thnt are over
sold will be raised more than others,
whether «*r not they really deserv e a higher
level, outside ..f the specialties therefore
it seems wise to observe the trading rales
as outlined. *
DIRECTOR8 CANT MEET;
NO QUORUM PRESENT.
THE LIVE 870CK MARKET.
By I*rlrnte I .eased Wire.
Chicago. Aug. 5.—Hogs: Batlamtcd re
ceipt* today, 29.089. Market 6 to lAc lower;
quality fair; left over, 4,SH: bnlk. $6/Mi6.35:
estimated for tomorrow, 26409; light. 38-2549
660; mixed. 96.tfe8.66; bravr. 35.7 *,« 17%:
rough. IS.708MO: pigs, |J.4i)4f8.»; U'rkers.
$K 6**: good to choice bear/. 884606.9).
(Sftle— Estimated receipts, 23.090. Market
steady to n shade lower; iiunllty fair;
lireve*. |3.^>8640: rows. SI 000446: heifer*.
82.2906.87; calves. S5.9106.75; gr*o*| i.rlire*
steers. 35.1508.18; iM*or to medium. 13.890
S.J0; stockers and feetb-rs. 12.4004.25.
Hheep—Estimated receipts, 29.0J0, Market
Steady; quality fair; native,
western. 1.9^5 28; yearlings,
Unit's. 34.5-’4j8.«<'.
»2 vq
35.49^6.15;
By Prirste Leased WIro. %
New York, Aug. 8.—It was authori
tatively stated about noon today that
It was Impossible to secure n quorum
f.'i the meeting ..f Hi,. <]ll« < t'»i s nf the
i ’.>1 u ado Fuel Miiri h on <'«m»|*.iny,
which had been called for today.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON - ITOCU BONOS OSAIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on app*k*atlon.
L. J. ANDERSON & CO
Bankers and Brokers,
'cotton, stocks, grain
Correspondent's Capitil $250,000
RcrmKNcr, tmc nkal bank
PHONE MIT. PNUOCNTIAL BLOG
New York, Aug. 8.—The Sun says:
“The decline of 12 to 15 points In
cotton was traceable largely t>»
Southern selling. New Orleans nnd
the South generally sent large selling
orders in October nnd December, and
local bears took ndvnntnge of the op
portunity to asslHt In depressing the
market. Commlslon houses which
b'UJKht Oil M O i HI; I \ Hold ..lit, JUKI th*’l*>
was a lack of support. The stock hero
continues to decrease, tho total amount
In licensed warehouses being 85,819
hales, ngnlnst 133,080 at thin time Inst
year. Bullish crop reports were re
ceived from the Atlantic stntes, but
the complexion of the muikct changed
later on when the Bouth appeared ns a
heavy seller. The early buyers liqui
dated, Wall street sold, so did spot In
terests, while support was withdrawn.
The lack of support encouraged bears
and gave rise to tho belh-f finning
some thnt the operate! recently ng-
gresslve on the bull side hud abandon
ed the campaign. However, this tnay
be. sentiment wns more bearish thnn
ever. The future of the market hinges
largely on the weather. The cessation
nf the showers In the Atlantic stnt
and Texas would probably be regnrded
by many as n sign for further nggrea
slve operations for the decline. In any
event the weather Is likely to have
much to do with the course of the tnnr-
k-t In the near future" Glbert & flay.
New Orleans, Aug. 8.—Th# Times-
Democrat:
"Headstrong scalpers and unhorsed
longs upset the logical program yester-
du\' tt’.n mark'd should have fol
lowed and I be American lings scored ji
decline In place of the anticipated re
covery. The* heavy movement of new'
cotton nnd the spreading conviction
th.it itie ( ro|» I* not onlv fairly early,
but quite large as well are the Imme
diate factors underlying the general
price pessimism, nnd Europe must evi
dence nn Intention to do buslnens on
the telling scale In tho very nenr fu
ture If a further decline Is to he avoid
ed In the absence of a crop scare. On
tin- m hole, th.- situation docs not war
rant crumbling values at this time,
though the public Is beginning to sell.
The now sensnn’s supply and demand
relations nre not yet well enough de
fined to Justify speculative conviction
other than that tin* bottom, wherever
it may be, will be found well above
price (dens based on ancient Ingle.
Meanwhile, the talent Is slowly forc
ing the price down to a level where the
Inducement to buy the staple must ap
peal to the spinner strongly enough to
turn tho tide of bearish sentiment
which Is persistent If not rampant
non "—War* Sk Leland.
INITIAL PRICES
SLIGHTLY HIGHER
Heavy Rains in Winter
Spring Wheat Belts
Chief Influence.
and
CABLES WERE FIRM HR
Cash Interests Good Buy
ers—In Late Trading
Most of Advance
Lost.
By rrlrate I .eased Wire.
Chicago, Aug. 8.— Closing prices for
the day showed wheat l-4e higher,
corn l-8633-8c better, oats up 1-8®
1-lc, but provisions were off 5(0 17 1-20
Cash transact Iona were 34 loads of
wheat, 8 loads com and 60,000 bushels
oats.
At (he seaboard, 13,000 bushels of
wheat, 135,000 corn and UO.Ql'fl oats at
Chicago.
The weather was Ktill against the
bears and many shorts In wheat cov
ered. Thursday Is to bo a fnlr day In
BOctlona of the winter and spring
wheat belts where needed and the mar
ket will doubtless be adversely affected
by the change. Iluslne.yi w.th of mod
erate size and It was composed large
ly of professional "charges" In alt the
pits.
Primary wheat receipts *1,326.000
bushels, nnd corn 340.000 bushels com
pared with 1,104,000 and 445.000 bushel*
respectively a year ago.
Clearances for the day 325,000 bush-
Hs wheat, 396,n "in and 8,o00 cats.
CHICAGO GRAIN MARKET.
Fit tan go grain nnd pro-
i innrket quntnti*»nH for todny
l'revie
Open. High. Low. Close. Cloi
Mny. . 7!
COIIN-
Hepf. . 4
n
80%
»
79%
oatA~
Hopt. . 31%
19%
45%
46%
De<*. .. 32%
Mny. . 34%
TORK-
Sept. .17.10
Jnn. .14.10
,ABD-
Sept. . 8.82%
31%
12%
34%
31 %
32%
34%
Get
Jnn ..8.12%
HIDES-
Hopt. . 9.17%
Urt. .. 8.90
Jnn. .. 7.62%
9.17%
Jv.X7%
7.6 J
9.17%
K .S7%
7.62%
I hnrd winter. 7U4fi72%.
CHICAGO CAR LOTS.
Todny. Tomorrow
PRIMARY MOVEMENT.
give the prln
The fnlloning flgun
nerement of wheat _
Wheat—Receipt* today. 1.236.1-00 bushels,
hlP- .
).006
Is Inst jr#i
ngnlnst 193.000 hi
LIVERPOOL GRAIN MARKET.
* % higher; I M p. in . U
t higher.
iiirhniiged; 1:30 p. ni , tin*
% higher.
higher;
Corn «
changed
80UTH CAROLINANS
ON TRAMPING TOUR.
Bpsrisl The Georgian.
Newberrj', S. C, Aug. 8.—A party,
consisting of \V. t». Mays. W. A. Me*
Fall. Tom Wicker. James F. ttpllng. Dr.
es P. Klnard and Rev. John K.
Graves, left Newberry this morning on
a trumping expedition for the moun
tains of western North Carolina. It
expected to make the entire trip,
hlch will occupy several weeks, on
foot.
Mrs. Paul Hauiman.
Funeral services of Mr*. Paul Haus-
mnn will he held nt the residence, 457
■hlngton street, at 4 o'clock Wed
nesday afternoon. Rabbi David Marx
officlalng. The follow Ing will act ns
pnllhejirers: Mose Blum, Meyer Reg-
ensteln, Leo Kahnweller, Mane Strauss,
Ike Strauss, Julius Simon, Abe Green
field and Marcus Loeb. The Interment
will be nt Oakland cemetery.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
N«w Oflttss.
WARE^sfelF-LANO.
COTTON^ "GRAIN, PROVISIONS, STOCKS, RONDS,
8s. 2 W»U 51., film hiMI*«. 4C».
Kfffftff*
few fsrft Citron Cklctfi loaf sf frsrf*.
JVtw Orttsrt Cstfsn fidlMff. Cblcsji St0<h Itehiift.
LUtrtoo: Cottoo AitocIttlon Him f#rl Citftt fidinf*.
frlfilt Wirti )• Ht* York, Htw Orltt*t. CkU$f C. COTHMAtt. !*«•«(<
SHI t120-
Sltoktrd f
PRRPLKS. Cashier.
4< LESTER. Ass't Cashier.
MADD0X-RUCKER BANKING CO.
CAPITAL 8200,000.00
SURPLUS AND PROFITS |500,000.00
ACCOUNTS INVITED
Wo invite accounts of individuals, corporati6n«, 1 (antes
and bankers and offer the best terms consistent u-itii
conservative banking.
In our Saving* Departromt we allow Interest at ths Rats of 3 1-2 psr
_