The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 09, 1906, Image 11

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The Atlanta Georgian., August 09, 1906, Image 11

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Newspaper Page TextJOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE \tr Lire! it fitting th* South hits made cgnlsed authority In lit ^3 FEELING BETTER IN COTTi MARKET Liverpool Houses Were Free Buyers iu the Early Trading. market RULED FIRM Heavy Rains in North Cen tral Texas Was the Chief Influence. By Private Leased Wire. New York, Aug. 8.—In the cotton market public caldea were disappointing this morn ing. 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 qq the crop news and Liverpool houses pur chased October and December quite freely. The list ruled firm after the start. Liverpool tbla morning somewhat better than expected In the tutures department, opening about 5 to o points lower, whereas it was doe to come about & points down. Futures recovered part of tho loea ou tho Cl 'ln the spot deprr*ment n better demand was noted, sales aggregating 7.000 bale* at a decline of 9 points, milking middling 6. Sid. The New York market opened steady at unchanged price* to an advance of 3 point*, whteh wa# not a full response to the show ing made by Liverpool. The tendency Im mediately after the opening was toward Im provement. prices nt mid-dor showing gains of II point! all along the line. It was reported that there wa* souo cov ering on the storm hi Texas, to which the advance was attributed. The weather eontroues favorable. The semi-weekly Interior statement shows receipts of 8,242 bales, shipments 10.6S9. • *~» •** • No comparisons with last [ Receipts'oft new cotton In Texas are In- NEWS AND GOSSIP Of the Fleecy Steiple. 8POT COTTON MARKET. Atlanta—Steady nt 10%e. New York—Steady nt lft. 70r. Tew Orleans—Quiet at 10 5-15c, Liverpool—Steady nt B.Sld. Augusta—Steady at 10*V. Ht. l/iuts—Quiet at 10N.e. Karannah—Quiet at 10 6-16c. <’olumbns—Kteady nt 10«4e. Galveston—Steady nt 10%c. Baltimore—Nominal nt 10%c. Wilmington—Nominal. Mobile—Dull nt 10c. Norfolk—Quiet nt 10\c. LIVERPOOL COTTON MARKET. I Liverpool; Aug. 8.-12:15 p. m.—Spot cot- on business moderate, with prices easier, [llddllng upland*. SJrat snles 7.000, Amorl- bn •iift); speculation ond export BOO, re* lelnt* 4.000, American 3JKW. ■B uturea opened easier. H ^■Opening I'revloua Bunge. Ulnae. Clog 5.67-5.65 5.68 6.82 5.61-6.M 5.52 5.63 6.58 5.67 5.48-6.46 R.4H-6.49 5.B1-5.62 6.47-6.41 6.44 6.47-5.4S 5.43-6.41 6.44-5.45 5.47-5.48 6.4.7-5.42 6.44 5.45 6.47-5.44 5.44 5.42 5.45 3.48 5.4* 6.41* ^ fcgtg l:8ts Private Wire to Glbert %*fc Clay. New York, August 8.—Liverpool 54 di wna exported 7 to 8 down. The market ha* a steady tone. L pool nnd commission housi-s buying dui to the reports of further heavy rol Texas, which also hare a ttadsarf to check selling by the local traders. Carpenter Bngtott X Co. say: ••For tlv moment the market ]»>ok* like n scalping affair with possfbtUtios for a quick either aide." Carpenter Gnggott & Co. say: 'Tor the favor the abort side of the market, less wa are radically mistaken In reading of conditions, the market I* the verge of a very sharp break. Our ble* state that Manchester advices are not so bright as they were The Journal of Commerce soya: "The dry goods market Is In a very healthy dltlon, the da)*'* movement from primary hands and from Jobbing houses having 1 exceptionally gc»od in staple lines. Prices are showing a tendency to advance li ernl lines, but It la plain that the level* are feeing forced naturally am through any desire of handlers to set un fair values on merchandise fhnf Is In do nd. Many factors In the trade belle that the present season U to be nn 1 eepflonnJ one In the volume of trade, n their convictions are based solely on the husiuess already booked.*' New Orleans, August 8-^LIrerpool down la about as expected on our market. Today’s map Is excellent—clear and dry— the only moisture recorded being In Ar kansas. Texos Is partly cloudy, hut no rain has fnll-u In the cotton growing dis tricts of the state. Mlnofrlo. Kurgan * Co., Liverpool, "Market looks hlglfer on good buy ing." The market la extremely narrow lnsofnr na outside Interest Is ronrerned. and trad Ing thin morning hna been lnrgelv confined to transferring at attractive differential*. The relative Liverpool differences ha Interior buyers are trying to outbid each other for what Is coming In dally.** A dispatch from Gnuso. Tex., says: "Cot ton prospects are being blighted by ever- a good cotton crop." Kennedy, Bee county, Texas, wires: 'Tot ton Is now coming In nt n lively rate nn*l pickers an* In demand, mid while this crop Is g»*«>d. the yield will not be heavy as expected n few weeks ngo.** A special lu the Tlmes-Democrnt from Waco. Tex., any*: -“West Central Texas has been visited by torrential rains. Con siderable damage to growing crops Is ex perienced.** ■Dec.-Jail. '. v . . I.Tnn.-Keb. . . . . |Keb..yiar. . , . |Mnr..April. . . I April-May. • . . 1‘loaed steady. 6.47 6.49-6.60 6.62-5.63 6.60-6.61 6.63-5.54 TODAY'S PORT RECEIPT8. ports today, compared with Inst year; « New Orleans. . Galveston. . Mobile Havannah. . . . Charleston. . , , Wilmington, . . Norfolk Boston I'hlladelphla. . . renaaeoln. . . » INTERIOR MOVEMENT# The following table shows receipts at the Interior towns today, compared with the — day last year: l Houston. ..... Augusta Memphis Ht. Dm!* 1 InHnnatl Total GIBERT a CLAY’S DAILY COTTON LETTER. New Orleans, August 6.—Liverpool closed *t'Vdy with options showing n loss of front 3 to 4 points, while spot transactions were quoted 9 points lower, snles amount Jng to 7.009 lisle*. 1'nblo news was extreme- ly scare*, and uninteresting In shedding any tight on market affair-*. There was •ome Increased activity In the market dur ing the day. primarily dne to the attrac tive differentials existing between tbe sev eral markets, which, since the bureau re port of Inst Frldsy, have been slowly re adjusting themselves. Nevertheless, the market Is extremely narrow and lack* the orosder stroke of a more general Interest, "rather conditions are again excellent, but reports of damage, some uetual. but the greater portion anticipatory by the recent excessive moisture, have caused a consid erable hardening up of prices augmented ''otiiddernbly by covering of the short *m Ip- Jog Interest. However, sentiment seems to ** sjplnst the market and takes the more ‘anglUe shape of assistance when declines '^‘'mne Imminent, whereas support Is a minus quantity when necessary to further *n advance from which It might possibly }*' Inferred that the market’s large short Interest Is mythological. THE SUGAR MARKET. ’ York. Ang. 8.—Local refined and raw ‘ :, «r quiet, but unchanged. London beet i>nrkrt flnu; August 9s 24«L 8eptem!»er 9s Jor«, JSOpiJBI n.—14ITP. w opened steady, 5 point* down on near and 6 down on late; at 12:14 p.m. 4 to 7 down and barely steady. Hales. 7.64ft Hoots 9 points down nt S.fild for middling. Futures ‘no to come about 6 to 7 down. The New York cotton market opened quiet and steady, Just as due on Lit pool. Liverpool bought n little cotton here. Look for rather quiet market today, Think |t ran be “'■* ~ •ok* got... Ne.v Orleans. August 6.—Valdes are about * expected. They were due 6 to 8 lower. Por n Wednesday, "the boom day" In Liv erpool. this Is rather disheartening to tbe bull'*. Tbn weather map could hardly be more favorable. Hardly any rain Is reported over the cotton licit. . . ■ Clenny bidding 9.90 for large quantities of December, supposedly for Brown covering shorts. Bulla trying to make capital out of the Texas storm, but It Is generally thought storm damaged the cattle, and not the cot ton region*. Think the market will advance 6 or 8 points todify from eorlv prices. WARE A LELAND’S DAILY MARKET LETTER. 1 New York. August A—The morning pa pers printed extensive accounts nt over flows In Texits and the territories, which were stated to la* rather destructive In many directions. This change In tbe weath er situation, coming after such extensive liquidation of the Inst few day*, was suf ficient m start n covering movement that lifted prices rtJwmt JO points from the. low level touched yesterday. On tbe advance many who had covered short cotton began to sell moderately, and there wn* so much for sale over 10** fhnf fb* # demand was not aggressive enough to lend traders to re- gnrd tbe situation ns changed. Tot ton has had nn extensive decline the past ten days, and * reaction of 10 or 20 points Is not at all unlikely. But tbe question concerning n more extensive recovery Is one that re mains to be determined. -It will l*r re- called that the largest crops the Houtb ever raised, as regains the production of lint per acre, were those of 1897 and l«8. At that time there were floods In tho nrlng and overflows later In the season tint proved beneficial rather than other wise. rules* the damage Iwcome* serious we fall to And onything In. the cotton situation to Ind net general haying for high er prices. In fact, it will require consider able damage to prevent cotton weighing on tho market. New York, August R.—-The stork market „*s Irregular today and gave evidence of following * trading fluctuation, which we expect to sec continued for a time* nnd we recommend that the trailing rules still riwerrtd. buying on weak spots offer, -cession ami soiling vice versa, iccorrt- Ing to the Individual position* of the storks as shown by technical sfld other define- tlons. We would only attempt to tiecome aggressively bullish In specialties vbrorous- ly handle*], Jndglng from the outlook at this writing, for the owner situation In not clear and we do not Iwllere s big bull market Is likely until money Is easy. L. J. ANDERSON A CO.’S DAILY COTTON LETTER. New York, Aug. 8.—The foreign market agnlu failed to respond fully to the decline In our market. The English traders go on the Idea, proven for so many year*, that If Is poor policy to sell cotton In the early days of August. Just at the time when. If we are to have any crop scares and com plaints, they will begin coming lit. we have had farorable weather for the most of the ertm np to this time, hence old cotton people think It wry unlikely that fids L.5* „f affairs will continue through Au- xhc critical period will extend until about the middle of Heptemher. and al ready complaints nre begtonlg to come fmm Texas as to boll weevil, rust and shedding. While thla le oof serious np to this time, n continuance of either the numerous rains or B spell of drouth would prolisbty do s great ilesl of harm. . lu the Atlantic states It Is concede-] by the l»e*t posted persona that the yield will he under last year. In addition to this, under 10c the South Is not going to turn loose ranch cotton until • modi larger yield than at preaent Indicated becomes a certainty. START Id STOCKS WASJRREGULAR Good Sprinkling of the Act ive List Showed Un changed Prices. RANGE OF NEW YORK STOCK MARKET 1 nigh Low or*e Bid • r» READING IS STRONG Copper Opened a Fraction •Lower—Later Recovered to Last Night’s Close. By l*rivste Leased Wire. New York, Aug. f.—Busing conclusions rlilefly on the speculative position, the pre vailing sentiment lu the morning’s market was In favor of some reaction. It was felt that with such n narrow trading Interest ns has charnctcrlrcd the movement of prices for the past week the risk had gone too fast to hold without some setback. Acting • n this view, there was heavy selling for both accounts during the session, nud storks which hare recently been lenders of the rise fell rather sharply. Home out* conditions emphasised the falling. On# the llkcllh «.f the dividend «m Con solldnted Gas being passed altogether, ns suggested by the failure of the executive committee yesterday to net on the question. Another wns the Increasing doubt as to the dividends on Union and Southern I’*- rifle being raised In the near future, this skepticism being lir.sed on the disappoint ments already experienced on this score. Finally the henry cash losses of the bonks 1 the accompanying signs of hardenlug lu time money rates made an unpleasant impression. The tolling did not, however, appear at all hurried, and slackened on tbs decline, the markit at tnld-day being ex tremely dull, * In the stork market opening figures show, ed Ht. 1*001. New York Central. Hugnr and t’nloo Pacific unchanged. Beading started up 1*4 and reacted U. Anaconda gained 4 per cent and Pennsylvania, on 7,0ai shares, srored no eqisl lmpra * ~ last night’s close. declines from 1 to 2 points, to find any special Incentive ft den change. Pennsylvania continued prom Inently active nud strong. A. Kcksteln buy- • *" *70 shares. LondOQ was also n heavy •f Pennsylvania. Brokers vvntrhlng ding say that a large part of the selling wns for Karatogn account. In tho Inst lew minutes tbj • «§»•>> of stock ap peared exhausted and rbe* * burins o— 1 — appeared prices cnsllv London a heavy buyer of K*«a!fc.*tf nil Pet ** other .u/*r rational !**< ■ unchanged. Other IkhuIs “!S!Sr»7iK.-Ir l VC«?n‘Bii.\7.V2*lT’“22223«222!! citing Bellulng.. Brooklvn Bapt.l Transit /•'S •• «5 a ii34| ik m . 118 u< 114 9J4 ASM 112 1I1H ion 15: S 15. S 15 :s 153 Si Idstlllei Erie I Great Western Iwnukee ami 8t. Paul el Hudson Securities do, preferred General Electric Illlaols Central Amerlrnu ice Hecurltles Louisville and Nashville Mexican Central Missouri Pacific New York. Ontario and Western National Lend Northern Paelflr New York Central Norfolk and Wcsim-n.... I’emiM Ivanln Pacific Mnll . Beading Bepnldb* Steel., t’ntted States Bnhber do, preferred Southern PnrJfie ..... Southern Hallway .. do, preferred..... SIoss-Kheffleld Tennessee Cnal and Iron ......................... Texas nud Pacific •*%/,* Cnlou Pacific United States Steel do. preferred...... Ylralnln-Cnrollim Chemical do, preferred.,..,..’. Western Uulou Wabash ........................... do, preferred.. Wisconsin Central Total'!>to<k saieVJoday, 666.600’shares!*' in m%\ km 167 167 167 I 167 : I'm 187 j J.-iii. ITS , ITfi ia»S ( i2'Vi| •i’' 1 da j g7U 115 V 1454 l«44t 1144 1444 I«5'* 214 441 :i4 H*, 2t4 :l 141 liPi, ie»>, 140V* it'»4 111 '<1% :*i % :*l !*l • '.MVji ;t| 1". 1:14 n?>\ ik.% 11*4 91 | Sd ( 91 1 91 914 M 63 ;.l , :«24 8641 5.’ I f’-S 984 ml 97'* 9»s ? ,«-l .ii.-l ..... W NOTES ON GRAIN Pcintcrs on Provisions. should be • stimulating The heavy rnh. lllflm nre t„ oath Wilght and W • 1 • L-....-I - Hers ..f M. corn lIiIh mornlug. 1 pdlke best buyer c Sei.tc'j.l i-i wheat oulv barely sternly at the opening Not »» mneh bull entliiiHlmM a , . xi..-. 1 • < l*e:n j an.I Boxeiibniim I May be dead wrong, but believe they or full of corn and «ny Helling at all wll bienk II be low 4*4,* tiats Htendy with fair buying by c«»tr Brok k yard* and locals Armour bought *i«U •fii. 1 ‘WUl 'Mil w j 155 4 Jpl. Sijj S'? 33 M 3i\ I'.rt'fc jH*' t It.. 4" 4 «'►'* » ov « l'Hl4i l"5\i 374*' 374 •"•84 TK> 10-.1 l'W\4 BO 914.' 91 '*1 .*>14 914 254! 254 4541 4>4 RANGE OF THE COTTON MARKET AT NEW YORK, Tho folKwIng Is the range la eottos futuie# Id New York fedav: I^i** Prevlens Open. High t.ov V^ls Close. Clove. Aug. . M9 iff "" Sept. . 9.6* 9.78 Oct. . 9.13 9.92 Nov. . 9.96 196 Dec. . 9.95 10.04 9.64-86 9.01 M 9 71 75 9 fft-70 Jo.ttAD 9.82-83 9.98 9 98 9.93 96 9.17-85 9.91 10.00 10.0001 9.93-94 LONDON STOCK MARKET. \ Clo# Baltimore’ ami Ohio. . Canadian Pacific. . . Cbesnpenko nud Ohio. Chicago. Milwaukee A Ht. P, 1 Erie Illinois Central. . ... . Lonlsvllle A Nashville. New York Central. . . Bending. ....... Houthern Pacific. . . • Hon them Bn II way. . . Union Pacific. ..... United Htntcs Hteel. . . United Htatcs Hteel pfd. inii STOCKS REVIEWED B YNEW YORK SUN N*w York. Auk. «.-Th» Sun ui>: lllclirr price, rulcil nt the oncnlnn of th, nnrkrt ntul th* tcmlcncj* itnrliur tb* hr.t tiour .tromtlv iipwnril, thnt t'T 11 o'ctiw-k oral .took, mnilo now litkli nratn for pro.ont movomont. Thoro wn. n l-ottor foollns In Bnrapo oror poJlfJo*l «ltii.i and In London ronwl. «nd RaOtan »« - wrro naotod hlcttor. Tho ro.rinptlnn of hn.lno.« In tendon l-ron.ht noino foroten ' « onlor. nt th, opening, tint thoro ji rovor.nl of thl« pMtlnn. taler .took tH-tni imlrmdod on lb, .drnno,. Th,r, w». n oimttnn.no, of »o--d tmrtmt n.ito-l In th, I’nltod Mtvtim Krool t«»nr, fo. tordnr. .n<l n portion of th, «hort lnt,rct w„ forco-1 to cor,r.—Ollmrt ft lltf. ATLANTA MAPKETS. FRUITS AND PRODUCE, otrtcl.llr rorr,vtrd by Atlanta Fruit au» roduco uelMtu». i I.nnmi, ft-SfJoM l.lin™ M to 5e. Peaches, per crate. H.nPftlAO. GIBERT & CLAY •• K. ALABAMA 6T. STOCKS. BONOS, COTTON. CSAIN. corrcc. provisions ATLANTA. OA. HCMBEMi JfH* York Stock ! New York Cottoo 1 York Coffes Etcbsogei Private Wire* to all Eiclaiiges Ucsl and Lana Dlatanaa Talaphona 52S8. W. R. FAGAN, Mananer* *IKFIDav*«l Kxehmfe iNew Orleans Cntton Exchange lChlesgo Board of Trade. , Ex change. I Vesr Orleaas Mrork Exch*nge.jLlveri*ooI Cotton Association Exchange ;.N>w Orleans Board of 1 rsd*- d.nliestoa Cotton Excbnnga. Watermela^ 17-W to 120.00 per 100: de. “I'oSfKSif AND COUNTRY pnODUCB.- Ir, b«na K to I7V4<-| frt*. mto 33c; . rotl,ra ti to XWc. Ur, duckfc l-.kln W to 16c: puddle SB *<> ,Y7V4c. Hresaetl hens, per tb.. 12c to lie. Egg*, per dozen. IS to 16c. Butter, table, per lb., 20 to 224d cook ing. par ’lb.. 124c to 15c. Hooey—New *t/10c lb.; lo Mb. racks 10 snap, VEGETABLE!!.—Irish potatoes. No. I stock 54 barrel: No. 2 afock 12.50. Old sweet potrtb/e*. per bu«lief. II to It24; pw sw'eet potatoes $1.54 bushel. FLOUR# GRAIN. PROVISIONS. FLOUIt-Postels Patent. $8.00; Diamond patent, t&.ic; Jlasciinrab Star, $4.65: fancy iiateot. $4.85; Be«l Engle. $4.40; Blue Itlhbon. fatK-y. $3-90; spring wh;nt patent, ^i.:5 - » 75. __ CUltN—Choice re*I -ob. TV: Na 2 white, ie; No. 1 >ch»ar, Ue: ml: * OATH— Choice white ell W hite. 5 if . « hob■« inlvd. proof. tOr. MEAI#— Plain water ground, per bushel. .Jr; lndted 140-ll». Jute*, per bushel. 85c; Shorts, white, $1.67; medium. $1.40; brown, $1.35: pure bran. $f.M: raixetf bran. $/.«!. HAY.—Timothy, chuica large bales, $1.10; do, choice small Imlea, $106; do. No. 1 timothy I mi lea, SI: do.. No. 2. $1; da. Na 1 eloTer mixed, $1.00; do. So. 2 closed mixed, CLOVER.—Choice 9V. The above prices nre f. o. !». Atlanta, and subject to ftptne'llaC* eccentauca GROCERIES. SUtiAH—Stan*lar*l grnuuUtcd. $6.24. New York BefinetL 6H; plautatlons. 5>4 Market vrrv strong. COFKKl^ Boosted Arbnckle** $18.54, bulk, lii fiags or ltarrel*. lie; green, 10 tc l>. Market strong. RICE.—Carolina 416 to 7TV. nccordlog to grade. Market very strong. Market strong. mn*. 15.. Dry ■>S 11m... ll^Tv: r-'t loicks. Iiit.rcme Uni. 19 75; r.ed Ci le ham*. 15c. Dove ha me b«4r: lte»l I.Toa I xtrn rllw. P.S7: lirtllea. lU.Uj 19.13 10.02 10.® 10.04-09 10.01-02 10.11-12 10.04-08 10.18 10.23 10.16 10.20 10. JO-31 10.13-14 Closed steady. Feb. AT NEW ORLEANS. The following Is tho futures in New Orl< Open. .10.21 High. Low Seb*. Close 10.21 10.15 10.17 10.17 20 9.99 15 . 9.87 9.95 9.87 . 9.98 10.02 9.06 !• V* '».! 0.09 9.91-93 9.92 93 0.99-1! 10.04-06 9 90 i TIPS FLASHED From Wall Street. Private Wire to Ware & Lolnnd. New York. Aug. London slightly higher with money en*r. .... „ Tliere nre hints of money flurries In M nil street before the week** end. BIx and seven months' loans rnwy per cent. (food opinion leans toward taking on tno Western rails on dip*. There U n very strong pool In them and It U now dieted that net earnings for 19% will show ri Professionals nro still bearish lb* ... oppariuh for an IrrcgOMr market vlxable to secure profit* _- ^ . nn l#o*.ks OS if « lot Of long •tocks luid been thrown over, and they nre eqlmaf out ln chunks. Believe Ihcy can he bought lower down today. 1 watch- ... Bather look il believe It ad- it all upturn COTTON SEED OIL MARKET. New York. Aug. A—The market for cot ton seed ml wn* dull and heavy, with No vember, December and January nil offered at 3!e fin the early rail, and Die far deliv eries slowly feeling the effect of the Im proved Ideas regarding the eottou crop. Near deliveries were dull, and the trade watting for the development of activity In September and October, nuturnllv evening- up of outstanding speculative Interest iu th'-Mo months Spots quiet with U moderate demand. Tin* market nt the close traa Ir regular, with prices H** lower to fie higher. *d with the ble * heat trade U and some little .lytcrinrathm fn iiuulJty. ow ing to heavy rains on the uheut after It September, so the eorn pit g.eodp runs, and a giMHl line of May Mike Cudahy has I n large buyer of May corn f..r six Weeks and Finn n good sited holding Immense covering !>» Hrpteiiiber short* has been mi for three days, and May hn* been sold. Wire to filbert A Cloy. «. August 1—Liverpool r nt firmm»» of yesterrh be giMid basis for cxp< In pne Influential Interests tlutio tc Peel Confident ante will do ere lu reflection of the til Shoned Hint the ast were willing to foil Ming fur- buy May of the wident i bids ’ of next iprlng wheat of the rived In t'hlri SOUTH A SELLER CAUSED DECLINE limr.' jmiV* * fo.', rirmniir,: Am.rlain, In Uradon qtil.t, but muitlr rath.r nlwr, mnrt.t Biui.ratlr r’h„rfut wlfli further nd\nnce lu eonaola. Hubway fleodel last night below Four teenth street. Uullrunils will test constitutionality of railway rote bill. , „ . Busslaii government Issue* call for uew ^T/rent Western July earning* largest l« nnipnny** history. Stock* plentiful In the loan crowd. Twenty-nine road* for fourth we#l of nly show average gross Increase of 14.75 •er cent. ... . . Favorable crop conditions cause check to advance In commodity price*. London reports easy monov outlook. United state* Hteel earning* for July ■ere In excess of $li.4fin.000. Kflrtv advance In foundry Iron expected. Twelve IndustrlnK advanced .12 per cent Twenty active railroads advanced .22 per cent. Bi^vate Wire to Glbert A Clay. New York. Ang. §.—Marshall. Sunder A Co.: "Unprecedented railroad earnings nn*l splendid crop* will hnrdly deter public sen tin tent, all other thing* Iwlng favorable, ml tbe market has hardened ns a result f these consideration*. Meantime, by the simple process of noti-stipnort, we are hav- - -—; s small renetlon. which, we belbwe, I only tempt more extended public In terest in the trading." * ■--* ■- B purr hose of speeulittTnn Is ladlrnted I*/ . private Interviews with bonkers who not nntlclpate any strlngeneir in money an- less excesses ore rooMtlnl In Ik* stock market. The market therefore will proba bly remain largely profesalonnl with mod erate Increases In public Interest from time to time. Whether It »« long stock sold on profit account during strength, or whether tl.’s is merely o(7»»re«rns n check. mnk**s but tl He difference, the dally operator and «*»• r. ranee will show tbst some ^tock Is lidng fi -red on strong snot*, and we recom mend that attention lie given to the limit* Indicated in detailed statement. Tb*» policy seems to l* also to force the shortage to take stock, as manipulation Is bulllMily eon- ducted, and In tbla w#y Irenes that arc over sold will Ik- raised more than others, whether or not they really deserve a higher level. Outside of the specialties therefore I ho tit iifeeerv the trading rules >*ore A Lefnml. August Heptemher .. .. Or toher November .. .. . December January Uloseil steady. Opening. Close. .. 374773* .. 37 G37V 4 27 f o 37 1 , .. »4v r. \ :n»i«ir,3L .. so(mi314 no4«.i)\ .. VSithl m t .. 3) ft31 3) Q304t COFFEE MARKET. • New York. August L—The eoffee mnrket opened wfendy at n decline of 5 to 10 point*, which was considered n verr good showing In view of the lower French cables. Then wna n good demand nt the Initial decllni and during the morning price* milled. Most of th- loss wot rerovared and In thn eurlr afternoon only n couple of months were 6 points lower, while the balance of th< % rat net onrfenDged.—Glbert (tpenlng. .... 7.30 7.40 Janunry.. Febniory. May.. , June., , July.. . .November.. .. December Closed steady. 7.46 7.60 7.46 * 7.467.60 . 7A6 7.60-7.0 7.86 7.70 7.06-7.30 it* 5 7.20 7.26 7 4<i 45 7.45-7JB 7 6o 7M 7 om 7 o*. Special fo The Georgian. Newberry. R- r -. Aitlf. 8.—One of the largest shipment* of cotton from New berry In several years wns mado by Mr. 0 # Men. Holme*, a cotton buyer of thl* city. Twelve hundred bales were shipped In one lot, [he destination being Liverpool. DIRECTORS CAN T MEET; NO QUORUM PRESENT. Kltllll"'! THE LIVE SV0CK MARKET. By Private I.eased Wire. Chicago. Aug. L—Hogs: Estimated re ceipts today. 3kM0. Market 6 to Ihe lower; quality fnlr; left over, 4.MI; bulk. $6.06fe6.S; estimated for tomorrow. 35/rtO; light. $6.25^ 11 U-~'l4l!ra<i rad rwlpt., T 5!*»!UorkVi ralrra. gml PrtgJ k.w: «tork,r. slut C.«n«< S. mvwp-MlWStM iw,l|.l.. SU». M.rk.t .tra.I/i .jiinllt/ fslr: unlit,. ttWJ: ttral.m, i:.y*s.3; rt-nrlluct. *S.«-fi*. IS; UmlM. UMtinM By Brivate leased Wire. New York, Aug. 8.—It was authori tatively stated about noon todAy that It u;n Imp i-slble t.. NC. IJI-.- (I f|u»ntin for tho meeting of tho director* of the Colorado Fuel and Iron Company, which had been called for today. New* York, Aug. 8.—Tho Sun naya: "The decline of 12 to 16 points In itton wns traceable largely to Southern selling. New Orleans and » South generally sent large selling lent In October nnd December, and ■nl boar* took advontugo of the op* portunlty to nsstst In depressing the market. Cnmmlslon houses which bought on Monday sold out, and there n lack of support. Tho stock hero conlinueh t• ► deerrnse, tho total amount In licensed warehouse* being H5,819 bale*, agafnat 133,080 at t/ifs tlmo last year. IIuIIInIi crop reports wero ro* celvod from the Atlantic states, but the complexion of the market changed later on when the South appeared ns a heavy seller. Tho early buyer* liqui dated, Wall atreot gold, ao Uhl spot In terests, while support waa withdrawn. Tho lack of support oncourngod hoars nnd gave rise to tho belief among some that the operator recently ag gressive on tho bull side had abandon od tho campaign. However, this may be, sentiment was more bearish than ever The future of the mnrket hinges largely on the weather. Tho cessation of the showers |n the Atlantic stales nnd Te\»iH would proha hi) he regarded by many n* n sign for further nggres- kIv" operations for th** decline. In any event the weather Is likely to have much Jo do with the course of the mnr ket in the near future."—Glbert A C'lny % New Orleans, Aug. 8.—Tho Times- Democrat: Headstrong scalpers and unhorsed longs upset the logical program yester day's cotton mnrket should have fol lowed nnd the American rings scored a decline In place of the anticipated re covery. Tho heavy movement of new cotton nnd the spreading conviction that tho crop la not only fairly early, but quite large ns well nro the Imme diate factors underlying the general price pessimism, and Europe must evi dence nn Intention to do business on the telling scale In the very near fu ture If a further decline Is to be avoid ed In the absence of a crop scare. On the whole, the situation doe* not war rant crumbling values at this time, though the public Is beginning to sell. The new season’s supply nnd demand relations nre not yet well enough de- flned Justify speculative conviction other than that the bottom, wherever It may be, will be found well above price Ideas based on ancient logic. Meanwhile, the talent Is slowly forc ing the price down to a level where the m«lu< "in.-nt t.. buy the staple must np- peal to the aplnnsr strongly enough to turn the tide of bearish sentiment which la peralatent If not rampant now."—Ware & Leland. SLIGHTLY HIGHER Heavy Rains hi Winter and Spring Wheat Belts Chief Influence. CABLES WERE FIRMER Cash Interests Good Buy ers—In Late Trading Most of Advance Lost. 11J I'rlr.t. In .... 1 Wlr,. Chicago, Aug. 8.—Closing prices for tli" day shotted wheat l-4r higher, corn l-8ft>S-8c better, oats up l-*f* 1-lc, but provisions were off f>qi l" l-2o Cash transactions were .74 loads of wheat, 8 loads corn and 60,000 bushels oats. At the seaboard, 13,000 bushels of wheat, 125,000 corn And Uu.tU'3 oats at Chicago. The weather wna xrtlll against fha boars and many shorts In wheat cov ered. Thursday Is to bo a fair day In sections of tho winter and spring wheat belts whero needed and the mar ket will doubtless be adversely affected by tho change. Ilualncss was of mod erate size nnd it was composed large ly <.f professional "charge*" In all tho pits. Primary wheat receipt* LJS6,Q0ft bushels, and corn 340,000 bushels com pared w ith 1,1*14,000 and 445.000 bushel* respectively a year ago. Clearances for tho day 225.000 bush els wheat, 396,000 corn nnd 6,000 oata. CHICAGO GRAIN MARKET. CORN— May. 79V* 49W 45S mx. , 46H OATS— Hept. . 314- Dec. ,, 32V( Mny. . 34* 1'oBK— Hept. .17.10 *in. 14.10 LARD— Hept. . * K2H ~ ‘ . 8.90 .J.1SV9 17H 7!&4 let. Jan. HIDEH s* je. j-gfe No. 3 hard white 2 red. 7.rAfjf74Vi: No. $ 2 hard winter, »2M/7.1*4; 71V**!! 72 V CHICAGO CAR LOTS. Whent.. Corn.. ., Oats Today. Tonio .. & 4 107 374 , , 216 Hogs .. .1*<**ri 2IV0O PRIMARY MOVEMENT. following .figure* give the primary of ttk* Wheat -Receipts today, f.256.044 fittskefs, flffidiiMt 1. lf»|. o*m ImshelM In eV >enr; ship- ments today. 792.000 bushels, ngnlnst 749.046 hiiNhels Inst yenr. Corn Receipt- today. 314.444 bushel*, ngnlnst 4Mi.ni*) bushels Inst year; shipments today. 4<>1,4oQ huiihet*. against 103.044 hush- clh fast year. LIVERPOOL GRAIN MARKET. Wheat opened % higher; 1 3) p. m.. U higher, cloned higher Corn opened unchanged; 1:34 p. m , na- changed; closed Mj higher. SOUTH CAROL!NANS ON TRAMPING, TOUR. Ppeclnl to The Georgian. Newberry, S. t*., Aug. 8 -A party, consisting of \\\ G. Mays, W. A. Mc- II, Tom Wicker. Jame* F*. Kptlng, Dr. Jnmea J*. Klnnrd and Rev. John K. Graves, left Newberry this morning oa ramping expedition for the nioun- s of western North t’arolina. It •xpected to make the entire trip; ch will occupy several weeks, on Mrs. Paul Hauiman. Funeral services of Mrs. Paul Haut- man will be held at the residence, 4BT Washington atreet, Ht 4 o'clock Wed nesday afternoon. Rabbi Davbl Marx offhlalng The following will act as pallbenrera: Mos« Hhnn,'Meyer Reg. >!n, Lee Kahnweiier, Mase Htrauas, Htrausn, Julius Hltnon, Abe Green field and Marcus Loeb. The Interment 111 be at Oaklund cemetery. SOUTHERN EXCHANGE Oldest Established Office South. COTTON - STOCKS 80NDS GRAIN Ground Floor Qould Building. Daily market letter and market manual mailed on application L.J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 0MIN Comspondtit’s Capital $250,000 acrescNcr, tmk ncal sank SHONC I4IT. SaUOCNTIAL BLOC CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. cottonYgram, ^rovisi5nS,*3tocksPbonds, Know I 8*. i Wall St., Pri*m i*'Nr«p. At:»nlM, Gs. ntg BUS: Hew Yerk Cette* Htw Orlteet Cettea Uiereee: Cettee Atteclellee. frieete Hirei te Hew Yetk. Hew Grleeei, Ckleap# Hell Plret 1262. ije ..... Yerk Cettee (kIiiin. f. C. C0THHAH. Htetiseer. St**4*r1 r»#« flL T1I0H. J. PEEPLK8. Cashier. JAS. G. LE8TKU. Ass t Cashier. MADD0X-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITCO We invite accounts of individuals, miporations, banks nud bankers nnd ofIVr the best terms consistent with conservative banking.