Newspaper Page Text
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A
THE ATLANTA GEORGIAN.
"’ Er>NES "
SPAY. Avon
11
EDITED BY / " ~~ _ "K iir Uwty. a ,«*i 'expert..,#. j
i JOSEPH B.uvelyI THE GEORGIAN’S RECORD OF MARKETS AND FINANCE |
SHARPS LOWER
I Opened the New York Op
tion Market 5 to 10
Points Lower.
SENTIMENT BEARISH
| Lungs Were Active Sellers
with Almost No {Sup
port From Bulls.
By Private I.«wd Wire.
■ »w York, Au*. 16.—Thw''local market
I openiMl at a decline ot 6010 point*, or lower
than due on the cable* from the market
at Liverpool, which w'ere decidedly poor.
There wn* haary preaanre from l>ear
•onires, and alao aonie active selling lijr
lninjK. with almost no support from the
. Lull a. Indicating that even at these now low
levels for the season with every option
nder 10c, sentiment Is fully as bearish
i when quotations were a half ceut
hlch-r.
Cotton In Liverpool was lower than ex
peeled. I with spot and futures showing de
cided weakness.
, At the close In that market, snot wns
quoted 7 iMdnts lower at B.SSd for mid-
tiling uplands, while futures were 9010
points lower.
Uu the o|H>nlng cables. New York should
have ouanad nliout 2 points lower, but In-
stead initial prices were at a decltue of
in in points.
Trade fairly active aud an Increase In
oiitNldc hiuducss noted. The market licit!
sternly nfter the owning break, but tber<
no snap to It, amt. cron reports offci
little encouragement to bur it, ex
■VJP for occasional covering, ana despite
the talk of a reaction, prices arc coutln
us Hr seeking new low lovels for the sea
^There will lie no erop condition report
liHiied on Raptenihar 3. as a receut net of
rougress directs that the comlitlou rejiort
lioth «omlltlon reports sml gl niters' re|iorts
■re iMuetl. Thereftwe. the Hcptemlier re-
port a III lie Issued as follows: Agricultural
report nt 1 p. in.. New York tlmt, and
census glnners’ report nlnwt 2 l». m., New
York time, probably 8eptemlier 7, I or 9.
Semi-weekly movement at thlrtceii Into-
wns. Racalpta 11.621: shipments 15,-
ncks 94.611; po coninarstivo. Since
Friday, stocks have lot 1.87s bales.
At Miilveetou, 1.271 bales new oilton were
rc-Hv. d today. Houston 1,250 and Near Or-
Icons mid Augusta 1 each.
n a noli ..
of the lowest of the day, with the tone
lerc!y steady.
SPOT COTTON MARKET.
Atlanta, quiet at 10c.
New York, steady nt 10.20c.
New Orion ns. quiet •ntd easy at 1016c.
Liverpool, quiet nt 5.68d.
Augusta, quiet nt lOttc.
Snvnnnsh, weak at 10 l-16c.
St. tanla, dull at
(islveston, steady l
Memphis, nominal.
Itostnn. qnlct at I0.40r.
Philadelphia. steady at 10.65c.
LIVERPOOL COTTON MARKET.
Liverpool, Aug. 15, 12:16 p. m.—Cotton,
Imsluesa mrAlerate, with prices easier;
middling uplands 6.58d; sales 6,000; Ameri
can 3,900; speculation and export 600; re-
Sept.-Oct. .
OcT. Nov. . .
# N«v.-l»ee, . .
life.-Jan. .
Jnn.-Pah. ..
Feh.-March. ,
Mnr.-ij. April.
April May..
loseil Irregular.
... Previous
.!»./&•
. .S.32-S.22 5.M. 5.15-5.*
,.s.w.s ».n ■ 6.»
. .5.2M.23 I.H-5.J0 6.22
. ..I.WA.Jt IS) 5.22 _
. J.22-5.21 5.:l 6.226.30
..*.2*6.* |.a
'.'.i.r6.*i h.n
.1.336.31 6.2J
a
t.x
NEWS AND GOSSIP
Of tbs Fleecy Staple.
Private Wire to Uibert k Clay.
*22* Y,? rk - IS.—Liverpool opened
down. Wns dm* nliout 4 down,
Ltrpnnter. Bagxott k Co. my: “We think
J?* m,, Set In going to Work lower and
rnroe ulea on mine., but would .Ofnet
“PeraMonw ns any eatremely Iwd
nil * h < muse a mih oT ahorla lo
eoter Ihnt will toml to pnt prtcea blsher
than now aeerna prolwble."
..., l ^ r . k .. r i r '” **F "Cider the elr-
rousts Been, w;e cm not aee our way olear
fV^SutaTa** *" 1, ' r tat *»"«»"* «
The Journal of (’otnnicrt-p says: "Sharp
advances In staple ginghams ami colored
cottons were the features of the day’s bust-
ness. Advances In wide sheetings and
bleached sheetings are still pending, al
though most Hues are virtually at value
awaiting an advance of. at least. 3 iter
cent, and possibly more within thirty days.
Trading for the day lacked some of th
vigor of last week, as buyers are waltln]
to taat the effect of lower cottou ns quoin
on the exchanges."
We understand that the Giles report wu
Friday* 6 * 1 ** ,,atlon H Cw ’ 41
IJrcrfKHd continues selling here. The mar
ket Is easy ou continued Imarlsh news.
I arpenter a big buyer of December and
January again tbla morning.
New Orleans. Aug. 15.-The orerul H „»
longs nn» liquidating, rauslng further do-
reaction shortly on covering' by' satisfed
shorts.
Liverpool cables: "Think the market In
weak position. Coutlnei *
months amlust Imports."
Warn, Tex., wires: "Weather perfect;
less deinnud; spots easier."
Private Wire to Ware St Iceland.
New Ydrk, Aug. 15.—Liverpool futures
opened quiet, 3 down. At 12:15 p. m.. 506
down ami easy; sales 5.000: spots 7 dow
6.6Sd. Futures due about 3 to 4 down.
Liverpool cables: "Market nlfected un-
favorably by poor New York report and
liquidation or-** *~ ** - *
view of feori
ft New York cotton market opened
weak on poor Liverpool cables. Pearsall
offered October from 10.60 to 10.49. OIITord
fM)ld (|a al>out 6,000 January for Joues and
cotton
W4in finite general selling,
both outside Interest and local traders
apparently anxious to follow* the selling
side. Trade fairly large and well dis
tributed.
New Orleans, Aug. 16.—It la a fairly ac
tive market. Orders are well distributed
aud shout evenly divided. Hulls are br
ing on the reaction theory, and shot...
are covering freely, but there are enough
fresh selling orders to meet the deninnd.
We are getting reporta from places that
have heretofore reported perfect conditions
that crop Is rapidly deteriorating by shed-
**Nct stock of cotton here 1^14,273 bales,
against 65.165 Inst year. Amount of cotton
shlplHKtrd Is JR.U29 hales, ltgalnst Is,121
Is altogether too Imarlsh to have Its In
fluence removed quickly. There la nothing
In the spot department.
Scattered showers are shown over the
larger part of the cotton licit on lbs
weather map. Home call the map unfavor
able. but moderate temperatures accom
pany the rain. High temperatures are
more to lie feared than anything else Just
uow.
THE WEATHER.
LOCAL FORECAST.
WEATHER IN COTTON BELT.
Texas—Kan Antonio cloudy nud warm;
light shower this morning. Houston clear
Slid pleasant. Dallas clear sml hot.
Mississippi— Jackson, Natch*** ami Yasoo
City clear and wnnn. Meridian clear and
hot; hard rain yesterday. llsslehurst,
Hrookhnven. Greenwood ami Vicksburg
clear ami hot. Auiory cloudy; light raiu
yesterday afternoon. Holly Hprlugs aud
Alicrdeoii clear aud pleaantit.
Alalmma—Troy imrtly cloudy and pleas
ant. Hcliint cloudy slid Imt. nirmliigbam
partly cloudy ami hot. Iluiitsvlllp cloudy
ami pleasant. Montgomery partly cloudy
aud pleasant. Opelika fair and warm. Mo
bile partly cloudy and warm.
tlcorglu—Allmur partly cloudy sml hot;
had s very good rain last night. Aniet»
‘ warm. Macon cloudy and cool
MARKET WAS FULL
OF BUYING-ORDERS
Material Qains Were Mjulc
in All Departments in
First Hour.
TRADING WAS ACTIVE
Stocks in Early Tradiug
Bought Without Regard
For Price.
By Private Iawsed Wire.
New York. Aug. 15.—The ntock mar
ket this morning was stronger and
more active than at any time thla week.
Prices were higher In all departments
of the London market also, 'and our
list took Its cue at the start from the
foreign attitude. But the main Incen
tlve to the trading lay undoubtedly in
the heavy, buying at rising quotations
of a few chosen Issues. Union Pacific
sold near to the highest point of »n«
January rise and Southern Pacific al
most equalled Its high record of fig
ures of 1902. The reason for these ad
vances. of course, Is the belief that on
Increase in the Union Pacific dividend
and Initial payment on Southern Pa
cific presumably at the rate of 4 per
cent.
Changes at the opening of the market
were ndvauces generally. Heading gained
% In all. Texas Pact Ac rose H- Pcunsylra
nls, Missouri Pacific, Atchison, I’ltlou l’a
Iflc, and St. Paul
The market was :
.era all
In that MiBHRm...
most all the departments.
Gan rose to 140.
The gains made In the various securities
were not large, but were Imtiortaiit lie-
cause they started them at already high
levels and demonstrated that stocks were
being liouglit without much regard for tho
price.
chlefl- Erie, Southern Pacific, Union Pacific
and Pennsylvania.
Governments unchanged. Other bonds are
Consolidated
LONDON 8T0CK MARKET.
8TOCIC-
A ns roods .... .. „
Atchison
Cnnadlsii Pacific ..
Chic.. MIL and 8t. ran!....
Erie
Illinois Central
Lonlsvlllc and Nashville. . . ,
Heading,
Pcnnsyli
Hoather
Union
United Htstca Steel,
do, preferred.
COTTON REGION BULLETIN.
/or the 24 boars sndli
meridian time. August
cua fair nud t
STATIONS Of
blSTBICT.
TODAY’S PORT RECEIPTS.
Thp following faltlo slow, rofelptn at tb»
Pori, toils,, coupnrod will the umo da,
ln,t T«ir:
INTERIOR MOVEMENT.
The following table shows receipts si the
Houston. .
Aagmts. .
Memphis. .
Sj. IA Mils.
1 laclnnatl.
1901
L J. ANDERSON 4 CO.'S
DAILY MARKET LETTER.
, N-w York. Aug. U.-An»thrr (Inking mnr
f" f '-!nr on nothing More Hum ha, tm;n
'“n for nrarty a month.. Crop report,
•o* .till conflicting. Imt rouinlnlnta nre rvtj
uoi.-h noire nnmermM than In the |mat.
are of tho opinion that the decline
now heroine artlpcial and It In nlo.nl
'line to call a halt. There la no nee In ne-
'"'"Ilia an rlrrrnth hour liear and haring
>n I'.ir for the experience. Eren If the alt
"VJon warntuted It laid we (lo not think
!! ''T* 1 »••» riperlenre hna tnnght na that
’o;; Id* oneratora do no, want erenrlmdr
IWlowlngTn their trail. There la lutnllr a
Jj'l *-<». the I nt ml wagon In full of Jo"-*.
JS* noltee n tendency on the port of the
l» trade to ery. "Ptop. • rally ta due.’ It
if niore than likely Hint they will rn-
draror to reduce their following not"
tide to take a lietter hold at a higher
tcHileinne—Hhreve|mrt eltnn
New Urleaua clear and hoi.
WEATHER - FORECAST.
Georgia, K.nt Florida, Writ Florida—Lo
ral nine Wedneednr nud Thuraday.
Inmlatann, Ml.-lnelppl and Alalnmm—Imcat
rnlna Wcilneadny: Tnnraday fair.
Kart Trane—Fair Weduenday and Than-
Went Telia— Fnlr In aouth, ahotreri and
cooler In north Wrdiimlay; Thuraday fair.
Arkanana—Hbowera Wedneaday; Thuraday
fnlr.
WEATHER CONDI! IONS.
The weather continue, more or leaa unaet
tied orer the entire country, due to the Pat
condition nf the preaanre element. There
hna liecti a general dcrenau In lirraaure at
pmetlrally all atatlona, and today the lap
mmrtrr la nowhere up to the normal itn.OO
Inrliea). Theae mndlilmia rauao a alow,
alugglah movement of the atuuiipbere, na la
ahown hr the preralence of light edtula
The ralna during the laat 2, hoitra hare
hern local In character and confined for the
uniat pnrt to the amilhraat (inadrant of the
tutted mate, nml n lew elation. In. the
aorthweat.
Very little ehnnge In temian-nture hi
rurred eicept nt Hlainnrck, N. !>..
Mile, t'lly, Mont., where It la W de_
colder thfU at the anme hour Tueeday
U 't1m> "(Oinlltlona favor tho development of
h *al thunder ahoaera In tbla > acctlott to
night nud Thuraday
,.hnrp aMmp ln A tL mdtoh market today on
the tallnre of IJvenmol to follow the fcieal
%r,:? /7s?&
wit? lleivniYmr only 1 'point,
Jt4c during the aeaalon. For ,
.on or other there aeemid to He
port of Importance, and twyeod the abort
covering ftrnu time lo Hate the tunrket waa
.?£!dd of the buying that wna needed to
""lorae '(’luautltlea of Oetolier cotton came
.TrandWcV and thla Wok* that month
ataucea. nnd In view of the fact that well
Informed people are nn.iilnnm. Indectarn,
that erop ac.wotita, anch aa «ra now twmh z
In. hare nerer hr fora heen received at tnia
imaaon of the year. It U very dlfflenlt to
oc how there can lie foptnl a 7 genulne
iMala tor v Hull .peculation In cotton nt the
P Th^'entiw m-rket lack. Inlying, nnd na
movement I* la-glrnlng to abow np henry
there la likely to lie u fn.thar decline In
IS t ALABAMA ST.
GIBERT & CLAY
STOCKS BONDS.
COTTON. CRAIN.
c orret. provisions
MEM5CRS
ATLANTA. OA.
cew Tor* g.-oek EiehangelXew Oriaana CoHonl
Ktchange.jNew OrieaM
fin
Fork Coffss Exchsngs
. Iraga Boari of Trada.
BTv> rpwTCott— isssHadsa
[GsHeston cotton Exchange.
Privet# wire, to all Eichacrj
Cittsnos TtlthHon* 5298.
^Atlanta, rlomir. . .
Thsttnnoogs. cloudy..
Columbus, cloudy. . .
Gainesville, clear. . . ,
Greenville, cloudy. , ,
Griffin, clear
•Mi'* .rn. cloudy. . . • ,
Mnntlrello, cloudy. . •
Newnnn. clondr. . . ,
Home, p. cloudy. . . .
Spartanburg, cloudy. .
'lnlls|H*of*a. p. cloudy...
To**coa. *’lcar
West Faint, clear.
Ill
RANGE OF NEW YORK STOCK MARKET
Atlsnttc«C
A as reads
American I/Kimiotlve
il<*. preferred
American Rimdllug Uefiitlng
do, preferred
Atchison
do. preferred..,.....!
American Cottou Oil
Hsltlmors and Ohio...
Brooklyn Itaplu Transit
Canadan l»uHtk*
Chicago and .N’orthwesteru
Chesapeake am! Ohio
Colorado Fuel aud Iron
Central leather
do. preferred
Chicago nud Great Western
Chl(*sgti. Milwaukee and St. l'aul
Delaware ami Ihtdsou
Distiller’s Securities
Erl*
do, preferred
Geueral Electric
Illinois 4>ntraf.
ft merlcsn Ice Securities
lulsrllle and Nashville
Mexican Central
Missouri Pacific
.New Y’ork, Ontario and Western
National I .cad
Northern l'ncltlc...,,
New York Central
Norfolk and Western..........
Fennsylvanla ..
People's Gas
Pressed Hteel Car
do. preferred
Pacific stall
Heading
Itcpiihllc Steel
Uock Island
do. preferred.,
United States Knlritor
do, preferretl
Southern Pacific
Southern Hallway
do. preferred
Kloss Shcfricld
Tennessee Coal and Iron
Texas and Pacific
Union Pacific
United Ktates/Steel
do. preferred
Virginia-Carolina Chemical
do, preferred
Western L'lilou
Wslmsh
do, preferred
Wisconsin Central
•referred
stock sales today 1,005,000 shares.
NOTES ON GRAIN
PctnOr* on ProrlaloDt.
RANGE OF THE COTTON MARKET
AT NEW YOT.K.
I
j t*iii
1
II
l
II
Auif. ....
Hopt
Got
Not
Dao
Jbu
March.’.’, ’.
1
9.64
1
9.72
9.81
i
1
9.26
i
1
i»'.25
9.4)
Ku
9.62
9.60
9.72
9.71
9.12-18
9.24-25
9.40
9.46-41
9.61-63
9,66 n
9.06-68
9.72-73
9.31-85
9.41-42
tMM
•ItStp
9.84-16
9.89-9)
Cluaed barely ateady.
AT NEW ORLEANS.
tnre.’lu New
.At
:K
•illniiuuiu temperatures are /or tbe 12-
hour iierlod ending at 3 s. m. this date.
Greensboro, tin.
Evergreen. Ala.
Allisiiy. Ga„ ..
Tuscumlds. Ala
HEAVY RAINFALleS.
Charleston. .
Galveston. . .
llJttle ltoek. .
I Memphis. . .
Mobile. . . . .
Montgomery.
New Orleans.
Oklahoma. . .
Savannah. . .
Vicksburg. . .
Wilmington.
>1;
HI
IHst. Averages.
Ill
EXPORTS FOR JULY
SHOW A DECREASE
By Private I-eatnl Wire.
Washington, Aug. 14.—Tho department
of commerce and labor bulletin for July
shows that the total exports of bread-
stuffs for the month wns |7,9Hkt2S; cattle,
sheep ltd ‘hogs, 92.644,970; provisions, $12,•
uOh.769: cotton, 99.6SO.748; mineral olio, 96.*
048.406. The total eximrts for the mouth
was 911.193,717, as against 951.126.999 for
June. The total exports of bresdsttitfs
for tho seren mouths ending with July
were $100,243,901, as against $66.211.0N for
the rotrcs|M>ndIiig seven months of 1906.
Although the exportation of cotton for
the seven mouths ending with July fell
front 4.093,2*0 bales during the first seven
mouth* of 1905 to 2,997,706, the t«»t«l value
of the cotton exported lnerease*l front
9170JH2.741 lit 1906 to 9170,671.121 for the
seven months ending with July. The to
tal value of the exports ending with July
was $167,376,471, as against $90,966,469 for
the first seven months of last year. ,
8ERIOU8 LEAKAGE IN
COTTON BU8INE88
T lodicstes inntinreelsh e rolnfalL
REMARKS.
Over the eastern |»ortloD of the licit the
temperatures were slightly lower than for
the previous 24 hours. \err little ebsuge
was shown In the western districts. Mod
erate rains were reported In sll districts.
Heavy rains have fallen In Georgia and
Alabama.
J. H. MAKRUUY.
Huctlou Director.
THE LIVE 8TOCK MARKET.
By Private I.cased Wire.
Chi. ago. Aug. 15.—Hogs— Receipts 22,000.
Market steady; quality fair; left over 6.22ft;
hulk 96.9306.15; estimated for tomorrow 20.
000; light hogs |L7106.96; mlxml
choice heavy §6.1
Cattle—Katliunti
' receipts 20,000. Market
- signer; quality fair; beevea
1X8606.75: cows $1,360 4.30; heifers $2.3*0
6.31; calves $507; goon prime steer# $6,260
6.76; poor to nMNHnm 93.6606.16; stoekers
sod feeders $2.690439.
Sheep—Estimated receipts 11.900. Market
steady; quality fair; imtlr# $906.30; western
ttlW-d^yrarilnn Hlki
07.86, western 54 — •*•» is, ismtis not
quoted.
Calvin, of the Farmers’ Unb
serious leakage lu the cpiiou uusiucss.
t present eoiiaueted. All of our ititton
K ies abroad Is sold st net weight,
to say. a certain arbitrary percent
age Is deducted to cover the weight of the
lagging and ties, for the sfduuer only
wants-to |Miy for the ar.tml cottou and not
for (tagging and ties, which are worthless
to him. Tills Is sll right, provided we get
paid for* the actual tiumlrer of pounds lu
each lisle, us the price Is more when
I Haight at net weight than at gross weights.
‘ abuses have crept Into the business
I under such existing conditions we are
matting the buyers s present of eight or Un
iKiundrt of net cottou with every lisle we
sell them, or almut 69 cents a bale st
present prices."
Mr. ruTrln said — ...JMHMP
edlea for this situation. One was to make
the bale lighter, the other to sell all cottou
st net wright.
GIBERT A CLAY’9
DAILY COTTON LETTER.
New Orleans. Aulc. 16.—In Liverpool op.
tbms were Influenced by extremely favora
ble crop reports nnd dosing prices were
called Irregular • to • points lower than the
Cables Indicated free selling by majjt
Interests of near months against purchases
for import.
MB of .
the expected reaction that S feeling of tier-
rotisues* has found lodgment In the minds
of not a few. but when Improvements do
occur very little. If nny, desire Is manifest
to suppi*rt the market. As fsr ns market
Influences srs euurernsd. the weather Is
usturally the predomli^nt feature, but
there must also lie reckoned with the il
ready f
^ y wi
f tfefl
rllnlng
i market’s nmlertoue takes place.
Deaths ahd Funerals.
w. R* FAGAN. Msnnnsis
prices before the iownward move halts.
Xcw York. Aog. 15.—Purther shor* cover
ing ocrurre*! In the early trading today
under the leadership of specialties, and
when the large Interests took brid sggr**s-
ring the list.
o a
„„„ funk .
Ing from that source tomorrow, when —
market will prolmlrf/ work upward far
ther In nntbtpstbm of good bank stated
mefit, Indlcstcil by the sub-treasury ofiers-1
lions. We rhlnk the leadership of special
ties. having lieen gnrreeded liy lunadrr I
buying, means that the tasking etc sent |
see their way rlsar through the slough of
. st»d conservative halltshnaas should
e rved ntwn the geaersl market for
e, with selected issues bought Jodi- 1
r for turns.
BRYAN QUITS PARIS
FOR MADRID, SPAIN
Br. I’rirnte leaned Wire. •
p»rl«. Atitt. IS.—William Jenlnnx.
Bryan left thl* city for Madrid at noon
today. Mr. Bryan had to lanva town
without meet Inc Prealdent Failure*,
who aent the American travelar word
that he would not be able to arrange
hla appointment. .0 aa to glra Mr
Bryan an audience.
Mr*. J. D. Jon,,.
Mr*. J. D. Jonea, 2< year* old, dlad
Tueaday evening at * o'clock at Her
re.tdence, 41 Bonnie Brae avenue. Th*
funeral service* will be held at t
o'clock Thuraday afternoon, and th*
following pallbearers will meet at II.
O. Poole', undertaking establishment
at 2:11: 13. R. Pritchett, J. o. Smith,
Warner Perk, Cleveland Btephena, J. T.
Mlddlebrook. and Arthur Spurlln. The
Interment will be nt Westvlew.
Mr,. Rom Kally.
The funeral .ervlcea of Mra. Rosa
Kelly were held Tuesday at Poola'a un
dertaking parlors, and th* Interment
waa at Weatvlew,
Effl* M«V South.
Th* funeral service, of Elfle May
Bouth, th* l-year.old daughter of
Mr. and Mra. Jeaaa South, ware held at
the re.tdence of her narente, I7R Weet
ain—tt. avenue, at 11 o'clock Wedneeday
ig. The Interment was at Holly
wood.
Mr., Llzzla Richards
Funeral service* of Mra. Lt,,le Rich
ard* were held at ID o’clock Wednes
day morning at Barclay 4k Brandon's
undertaking eetsbllshment. Th* fhtiir-
ment waa at Hollywood.
Samual L. Land.
Bamuel L I.and, 61 years old, died
after a long I line.a at 2 o'clock Tura-
day afternoon at hla residence, 210
Lawson straat. Th* body w»« carried
to Toccoa for funeral services and In
ferment at 7:20 o'clock Wednesday
morning. H* Is survived by a wife and
several children.
Mr. Hennerd* la Elected.
By I'rival. I.eased Wire.
London, Aug. 16.—Mr. ( Hennerd,,
Liberal, wna elected by a majority of
nearly 2,600 In Ih* by-election In th*
caat dlvl.lon of Denbigh,hire.
Privets Wire to Ware A Leland.
Chicago, Au*. 15.—Cable, not aa
weak a* our market and we may gat
aornn recovery today In wheat.
Support In wheat poor. It drag, and
wilt drag lower. Reactlonlfts are buy
Ing.
<>*t* merket very dull until Helm
hoi* sold about 200.000 May. Pit
crowd principal buyers, but are now
trying to sell out.
lemks as If Rankin In trying to oov
er a llttla May wheat sold yesterday.
Hcalper, buying In some wheat sold
yoat.rdey aUo. Offering not large.
Buying of December corn by FIntey
Darrell la holding the mnrket.
Finley Harrell Juki ‘ bought 100,000
December corn end still bidding for II.
Private Wire to albert A Clay.
Chicago, Aug. It.—Relieve wheel Is
not far from bottom. Corn and oata
In nur opinion are a purchase. ■
Record-Herald says: There wua con
siderable activity yesterday In call for
oats nnd corn to arrive. Sale, aggre
gated 117,000 bb.hela.
Armour waa Ih* leading buyer of
corn.
Provision men were claiming that
lard waa down to an export basis yes-
terday and that aome of tlio little out-
sHIe puckers had been selling «oino of
Ca.h sale. In Chicago war* 15.000
wheat, 135,000 corn anil 76,000 oata.
A petition atarted by F. P. Fraaler
lo reduce the commission rate* to th*
old basis prevailing before March 1 re
ceived enough signatures to take It be
fore the directory, but the latter die-
approved It on the around that euf-
Helen! lime had not elatwed since the
rule waa piuaed to decide.
Chicago Inter-Ocean: Kansas has
fallen Into Itni with the other winter
wheat stales nnd reported a big yield,
tha second largest crop on record.
King, of Toledo, wired the Kanana
report laat night, making >1,600,000
bushels wheat. The last report on con
dition In Kansas waa 70. The gov
ernment reimrta Kansas 11,000,000
bushels. The average yield per aero
14.7 bushels, against 11 bushels a year
ago; iiunllty high. Corn condition it,
.gainst 72 In June end 62 lest year.
Two-thlrda of tho corn counties report
the condition 20 to 100, or above, the
other third comprises some of the big
communltlee and th* average down.
Crop lest year 120,000,000 burhel*.
’ Th* word "new" In the In-pactlon of
oat* In Chicago will be dropped gfter
today.
•"rtie ont crop In Michigan la light
weight, weighing 20 to II imunda per
buehel,” said Henry L. Uoeman, of To
ledo. "The crop In Ohio and Indiana
ha, been discolored by rains while In
the ahock. Corn In the eastern state,
I. doing nicely, and the greeter part
of the crop will be out of danger by
Heptember 20, but there la aome corn
that will require longer to mature."
The 60c corn bulla were very busy
selling corn yesterday at 461-ic for
wheat crop of Bpaln I. given at
,uJ,000,000 bushels, nr 60,000,004
bushels more then laat year. This In
crease Is so large that It raised aom*
doubt, afc to It, correctness. In 1204
the crop waa 20,000,000 bushels and In
1201 It waa 104,000,000 bushel*.
Half the wheat end nets crops In Ok
lahoma has been ruined by recent
heavy rains which fell for 11 out of 21
days. The grnln la sprouted end dam
aged. This report came from a trav
eling man, and waa aent from HobarL
AT 11 OPENING
Initial Prices VV ere Frac
tionally Lower ou Bear
Pressure.
SUPPORT WAS LIGHT
Cables Were Finn in. Face
of tiie Decline in Chi-
cjigo Yesterday.
By Private lecse.l Wive.
Chicago, Aug. II.—Wheat cloaed l-l
03-4c lower. It was a caae nf ths
longs getlng out of their holdings and
the hulls refusing In meet them. un
rinsed R-M27-lr lower and oata lost
l-4fll-!c. ling products were up 2 1-2
©20c.
Cash sales were 11,000 bushel, when.
116,000 bushels corn end 140,000 bush
els oats at Chicago. Ten loads of
wheat, 6 loads corn and 110,000 bushel,
oats at the seaboard.
At no time was tho mnrket In con
dition to encourage the hulls. Thla w ta
a fact In wheat as well aa In the coarao
grains.
Primary receipts of wheat 622,000
bushala and corn 462,000 bushels, com
pared with 741,000 and 177,000 bu.htla
re*|ierltvely n year ago.
CHICAOO ORAIN MARKET.
nigh.
r
Opsn.
WHEAT-
H**|»t 71
IHm*.... 74
life S*
RE;:::. SS
Kept... 17.00
Jan.... 13.40
LAUD~
Kant... 1.60
-rt.... i.i
in.... 7.65 «.w
HIDKK-
Hspl.. ft.86 «.«
j?L t|*
AHII WHEAT—
... 3 ml 71071)4:
!i:8
9 it
2* 1
6.016 1.60
J| 5;8
1.85
6.0
7.2JH T.27H
SI:S 8:3
m si
8.97)4
?:§*
Oklahoma.
There la a big crop nf cotton,
though ths acreage la roducad.
al
THE COFFEE MARKET.
SOUTHERN EXCHANGE
Oldest 13.laHII.he4 Office South.
COTTOU—STOCKS—BOROS GfUlli
Ground Floor Gould Bullrilnf. Dally
markat Irttrr x.nd market manual
mallsd on ip^tlkm.
L J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIH
Correspondent's Capilal $250,000
liw Orfrat
WARE: & LELAND
COTTON, CRAIN, PROVISIONS, STOCKS. BONDS,
Ca. 2 Wan SL, Ftttn Bri'dhg. Allaalt, Co.
klUBlAS:
Atm fark Cclta* Btthaa§r.
Atm Crltatt Caftea [i .katjt.
CAuaga
ChJtata Betti at Trait.
Cbhaja Slack Itihaage.
r .w Crltatt Cant la.baeit. CbUsja Vat* laekaagc.
Uttreaat Cattt ftnatlafiaa Tart CaUtt htkaaft.
MnStWIm It kt» lark. Kem Orleaat. Ckhaga. *. C COlHK*>t. Manat.
I(U n... 17(7. SUMS’* Flu
lino and
nt^MililH
t Ion oil tin* •Icrliiir, wTilrb 'arrttifNl to'atari
ftowinranl movamriiL aa tha rarljr aaloa
[»«M'i*mlM>r nml May vrra aom* 6 jnilnta
• tin* rloalnff hid* of jratorday.—Clltart
k t'lnr.
"M.\vYo,k t '2)tt ».rt.t w-
Opanlng
Krptruilirr
Ortalirf
NormilNT
l)r<mihrr.. ..
t'loanl airadr.
6,60-6.99
ft.9M.*
6.86-7.00
THEY STILL FEAR
MEXICAN REVOLT
Ily Privale leiwl Wire.
Ban Antonio, Texas, Aug. II.—Thar*
have arrived from various points In
Mexico a number of refugees, mostly
men with their famine*, who do not
propone to tab* any chances In regard
the anti-American uprising which has
been threatened In Mexico for Heptem
ber II. After seeing their wive* *nd
children placed safely, th* men a. a
rule propose to return to Mexico end
aae tha thing out.
No. 2 do 40VMMO.
NORTHWEST CARO.
Mlnn<*Apolls. . . . • •
Duluth
LIVERPOOL GRAIN MARKET.
Whaat— Opanatl %r lowrr; nt IJI p, m. p
lowrr. ami rliimnl 1 **»*><• Umar.
rrtrti-f)|H*u«*«l uiirhitnanl; at p m .
wna michaiitfril to %v hltfhrr; cloaad 140’ic
PRIMARY MOVEMENT.
mr-»Ejr»l of alt rat awl corn today:
Wfcrat llaiHpt* t*H|*jr *:!,'• •• liii-lwla,
agalnat 745.00ft hualii’la lint yrnr. Khlp*
i' ‘*iita tnda; 175.cni) h'*Ali©li6. lUMlnit ,.v.-
600 hrtalwla last roar.
Corn--Rarriptft today 464.070 tiaofari*.
laat yanr.
CHICAGO CAR LOTS.
COTTON SEED OIL MARKET.
Saw York, An*. li.-Tha tnarkat f.tr r»*t-
ni ttl oil wia dull, ahowlnf unluii-Tf-mt
rlimara. Aaguat and Haiitriniy* r *r.* ai©od*
Ily in-id, awl offrriuaa from tliu« to tiuut
ar# taken liy taa Irndlua Inter*'-i* Ort..i.er
rallliNl a llttla from tV* l«»« i-*int. nml
thrra appaariMl to ta trtr llttla
on tha market, taler ilellrerte©
to mg, hut with a vary amall trail,
at the rloaa wara um linmr—1 from
Theresa, no hualneM re[*orteti.-
Afttraat
Keplanitar
Oitotier
Norrtnhar.. .. ...
tamntar
Janaary
Halva. \m August I
at 3)'4
]
L(
V
R\
N
(Al
riONAL
BA
N
K
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLBON DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
: vsom rsufiu-jj i.'.jfimimaMeFi
MADDOX-RUCKER BANKING CO.
CAPITA F $200,000.00
SURPLUS AND PROFITS . . - - $500,000.00
ACCOUNT* INVITED
Wc invite accounts of inrllvldnals, cori>orations, banks
nnd bnnkcrM and offer the best terms consistent wit li
conservative banking.
In uur Having, Dspartnv-nt w* nlluw Interest at the nate of 3 1-2 p*v
cent. Compounded Semi-Annually. *