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'' I THE ATLANTA GEORGIAN. TlirnSDAY, AtOBBT U> 1WL EDITED BY JOSEPH B. LIVELY THE GEORGIAN’S RECORD OF MARKETS AND FINANCE 'll CATION MARKET IMPROVED EARLY NEWS AND GOSSIP Of the Fleecy Staple. A Better Demand for the Spot Article Was Noted. ADVANCE WAS SLIGHT A Reaction Started in Early Trading and New Rec ords Were Made. Br Private Leased Wire. Vu York, Aug. 16.—The opening of the Ior.il rotton market today wn* n disap pointment to the Dalle, In view of favora ble rnblen from the market nt Liverpool, flr»t price* here being only lft- point* higher. Effort* were made after the call, hutvever. to promote a belter market, ami if possible start a covering movement by th,' room element. Thl* i»lnn was furtlic ' ed |,v aevernl private cnfde*. which note . better demnnd for the spot article ami n tendency to rally. At the end of fifteen minute*, prices were about .3 points higher than little After a smnll Advance In the early trad ing cotton eased off on some heavy selling li V the bears, a continuance of mnde-to- order weather favoring tbq short able of tin- account. A private wire from Raleigh says t crop has greatly Improved during the tut reck, with average minsblne and ItoneTIcI ll ch'iVlotte says the weather has been Meal In that section, ami that tho cotton crop Is |,Hiking tine. Macon wires: “Crop from Americas to Macon generally good. Moving northward, conditions show Improvement. There u Qiu- h old cotton In Georgia." Houston get* 4,701 bales new cotton to- tov. Galveston 2.661 and Charleston 1. In the last ten minutes of trading, light covering movement resulted In a r i.ivcry of most of the decline, the ■Hug unchanged to 3 Private Wire to Ulbert ft Clay, i York, A'ug. 16.—The market opened lower tbau expected ou renewed selling by professional element. Liverpool cables: “Better undertone, and flieie ih more inquiry from spinners at the decline. .Market likely to improve unless iresli selling by Americans, n looks uboul sold out." The next bureau report will be issued be tween September 7 and 11, Instead of Sep tember 3. The appropriation bill requires bureau reports to oe Issued hereafter the same day as the glunors’ reports. Hick Bros. Sc Co. say: "it is hard to anything bullish lu the situation with such weather maps ns have been posted lately." 1 he Journal of Commerce says: "Al though the advutices In many lines of goods ha ’ been foreshadowed much plainer than usual, the dny.s developments showed that many buyers were caught without goods they must have In continuing their business. The effect of the advuuces was seen In the job dug houses very clearly. Buyers were willing to take advantage of the few lines that were Available nud which had not been reached by the uplift lu values, and the trading for the day wus stimulated rather than otherwise by the announcement of Tuesday." Boston estimates exporters have about oO.OUO bales to buy for August shipment, and cotton Is selling there at impossible price to my f«»r export or sell to spinners. Curreut allies are only paid because people have to /Weld brokers heavy sellers. Liverpool cables: "Spinners buying fu tures to cover yarn sales. Have pour oplu- et. Crop uccuunts continue 8POT COTTON MARKET. Atlanta, weak nt 10c. New York, sternly at 10,30c. New Orleans. Irregular at 10 3-Wc, Liverpool, quiet at 5.50d. Augusta, quiet nt 10Hc. St. Louis, steady nt 10Hf. Savannah, steady nt 10 13-16c. Memphis, quiet nt 10H<*. Galveston, quiet at 10J-16C. Boston, steady nt 10.30c. Mobile, nominal. Houston, steady nt 10c. Baltimore, nominal nt 10Hc. LIVERPOOL COTTON MARKET. Liverpool, Aug. 16. 12:16 n. in.—Cotton. H„,r business moderate, with prices easier; Bilddtlng uplands 5.56d; sales 6,000- American * vm; speculative nud export 5w; receipts mo. nil American. Futures opened quiet. Opening Previous Range. Close. Close. August 6.28-6.29 6.27 6.30 bigust-Xept. . . .5.23 5.25 6.23 5.26 Stilt.-net 6.18 6.16 5.21 1 n„ v . 5.17-5.18 6.15 6.10-6.20 •Dec. ... .5.17r5.l8 5.16 5.20 .Jan 6.184.19 6.10-5.17 5.21 Feb 6.20 5.18 6.23 March 5.f2 5.20 6.36 li-April 5.24 5.22 5.27 April-May 5.25-5.24 5.23 5.28 fU easy. TODAY’S PORT RECEIPTS. The following table shows receipts at the . should not affect our opening. The map Is again very fAvorahle, clear and with somewhat lower temperatures. Light rains have fallen In nenttered por tions of the Atlantic, while Texas and the balance are dry. Not likely to have much renctlou with such Ideal weather conditions. Mhrket opinions, ns expressed In brokers* letters, seem to expect a reaction on count of a supposed large short Interest ceatly built up aud continued reports of crop deterioration. Private Wire to Ware ft I.elnnd. New York, Aug. 16.—Liverpool opened quiet 3 points down. At 12:1a it. m., un changed to 2 down and steady. Sales 6,000; spots, 5.56d, 2 down. Futures due to come 2 to 3 down. The break In the cotton market Is caused by hammering by loculs and selling by New Orleans. New* Orleans, Aug. 16.—(’aides are favor able. They were due 2 to 3 down-on ls»tn American markets. Increased spot sales would Indicate more interest on the part f the spinners. A. J. Huston, Liverpool, cabled: "Better feeling. Reaction expected any time, but don’t advise buying unless crop detcrlor- tcs % Better spot demand. Shorts cover- Moderate temperatures and little rain rer cotton belt arc shown on the map. Liverpool cables: "Market looks nlx>ut sold out." After tho sudden decline shorts are rather Inclined to take profits. The mnrket has an easy undertone, however, and can easily he forced lower. Free movement of new cotton Is nltotit the only excuse for the hammering this morning. the’weathbr. OFLISTNEGLECTED Transactions in Union ayd Southern Pacific on an Enormous Scale. MADE HIGH RECORDS London Was a Good Buyer, But Sold Some Steel Common. By Private leased Wire. New York, Aug. 16.—Interest on-the atoek exchange this morning centered upon the action which It was supposed would he taken during the day ou several corpora tion matters of first Importance to the present Wall street speculation. That Xouthern Pacific would be placed on a i per cent dividend basis; that the Union Pa el tie rate would lie raised from 6 to 7 per cent, and that something definite might he given out concerning the financial plana of the Xt. Paul were aiiuoiiiicenienta looked r less probable before the iln * RANGE OF NEW YORK STOCK MARKET e* of busbies day’s early mnrket. •nvy buying movement ... — —-*e three companies. In the course of the movement Union Pacific rose 2 points and Southern Pacific 1 point further, while Xt. Paul touched the highest price at which It has sold since hist Jan uary. Only a few othor stocks participated practically all. The general but LOCAL FORECAST. STATE FORECASTS. Georgia and South Carolina—Fair tonight, local rains Friday. Ahthunjn—Fair tonight and Friday. WEATHER CONDITIONS. of the lively campaign III the favor ites heavy realising was going on lit other quarters, and by mid-day this Sidling hud caused lu many Instances fractional hi **om Inst night’s close. The feature* of the opening stock i„._. ket was running transactions of 16,000 shares In Southern Pacific at 82%<ff82H. advance of nearly a point, and of 25, 1 shares In Union Pacific nt 162^(ff 162*4. gain of about a point. Xt. Paul was also five and on running quotations rose Tie. lesntienko and Ohio uud Ismlsvllle mid Nashville showed lultlal declines of «4c, and Baltimore and Ohio, Bending, Norfolk and Western declined V»o. Tra cited _.. ... Union Pacific and Southern Pacific made new high record*. The buying of Union Pacific was on an enormous scale. Ullman Bros, took 25.000 shares. New York Cen tral rose a point, and Xt. Paul scored an advance of 2 points. Naturally, the strength of the Hnrrhnnn, Vnndorbllt nnd Htnndnrd Oil lssu*s forced the greater part of the list Into comparative neglect, nud there were few Impoftnut price changes other than those noted. London •bouglit about 20,000 shnres, soiling some Steel common again today. through the first hour, nud both LONDON STOCK MARKET. Clear weather prevail* thl* morning nt .jurly all 'stations mid the rains In the Inst !4 hour* have been mostly local sh< vuth anil souther he* low and flat the entire country, being below 30.0) inches nt stations excel ‘ and New England. The temperature has remained practically stationary except cooler In the north Pa rte const states. While the weather In this vicinity istly fair tonight and Frida idltlo shorn 1 shower*. favor the "development ot ’occn- INTERIOR MOVEMENT. following table shown recelpta at tha htsrlor towns today, compared with the tome day last year: Houston. . knmistn. . Memphis. , Louis. WEATHER IN COTTON BELT. Ijallnn nnd Tyler, clear and hot; Houston, *Nr nnd pleasant; Gainesville, very hot •M «-lo«dy, looks like rftlu; Greenville, clear and fiftt. ..Mississippi—'Ynson City, Jackson aud Jttehex, clear and hot; Canton nnd l^xlug- wn. clear nnd pleasant; Meridian. eIFnr nnd ■ 0, t : Hattiesburg and Holly Hprlngs, clear Bl h ' nn: HU <1 N’eW Albany, clear Alabama—Huntsville and Helnin, clear and 5* r, »: Montgomery and Opelika, clear and ■°i: Mobile, partly cloudy ami hot, hard f 1 yesterday afternoon. •‘•orgin -Macon, clear and hot. hnd some n y..*!mlay; Albany nnd Anierlctis, dear '7 pleasant; Columbus, dear nml hot, yesterday afternoon. LoiiUinna—New Orleans, eliftr and warm. WEATHER IN WHEAT BELT. Mtremc Northwest—FnIr to dear .and v r temperatures; 40 to 68 above. •Jenhw.st—Clear, 60 to 72 above. J. ,f nml Southwest—Clear and generally •nii. r, fi? to 76 above; rains nt lies Mollies Gkl.ihoma; shower* nt Knusas City. Wrt Valley—partly cloudy, 70 to 72 above; WEATHER FORECA8T. COTTON REGION BULLETIN. For the 24 hours ending nt I a. m„ 75tb meridian time. August 16. 1906. STATIONS OF . ATLANTA Max. Min. Ill i £ i *' to 23 | 69 70 •Atlanta, clear •Chattanooga, foggy. . . Gainesville, cloudy. . . Greenville, cloudy. . . . Griffin, cigar •Macon, clear Moiiticdlo, doudy. . . , Newnnii. . bmdy Rome, foggy Xpnrtnnburg. p. cloudy... TallaiMKMn, dear. * • • Toeeon, dear. ...... ~ West Point, cloudy. ■ . .1 84 •Minimum temperatures are for t' hour peril*! ending nt 8 a. m. this date. Atchison Canadian Pacific.. Chic., Mil. nnd Xt. Paul Erie Illinois Central Louisville and Nashville. Heading Pennsylvania Southern Pacific . Union Pacific United States Steel. . . . do. preferred.. Amalgamated Copper T..... Amcrb-nii Sugar llefiulug Atlantic Coast Line Anaconda American Locomotive American Cotton oil Hnltimore ami Ohio Brooklyn Uapld Transit Ch«uut|>eake and Ohio Colorado Fuel and Irou Central Leather do, preferred > Chicago nnd Great Western Chicago, Milwaukee and St. Paul Delaware nnd Hudson Distiller's Securities do, preferred. .V...............V,..."..’’.V. ...*! General Electric Illinois Central , American Ice Securities Louisville nnd Nashville Mexican Central , Missouri Pacific , New York, Ontario nnd Western , National Lend , , Northern Pacific New York Central Norfolk and Western Pennsylvania , People's Gas Pressed Steel Car do, preferred Pacific Mall Reading Republic Steel.... Rock Island do, preferred.... United states Rubber do, preferred Southern Pacific Southern Hallway do, preferred..... SloNs-Sheffleld.. Tennessee Coal nud Iron Texas and Pacific Union Pacific United States Steel do. preferred., Vlrglnln-Cnrollna Chemical do, preferred do, preferred... Total stock sales today 1,233,500 share* NOTES ON GRAIN Pointers on Provisions. Private Wire to Ware A Inland, Chicago. Aug. 16.—Wheat very dull here. Crowd rather inclined to get In some wheat i‘ouml present price*, and offering* rather small. One local operator has covered about 250,00a short wheat. A couple of 1* small amount*, iere may be some further liquidation . ./heat toddy, hut price* are getting low. Would buy wheat on break* today for a scalping turn, and we might get a very fair upturn. Wheat fairly stubborn so fnr. Home com- iiiIsmIoii hotiNo Inlying and local shorts also overlng. Selling scattered. Moderate le ction due any time now. All the wheat which would cause any ressure Im* b*en sold nud taken by a ew local shorts, who an? working for an d ranee. Country commission bouse* (mat sellers of oru. Home pressure ou May, Not n bull In sight, and short* are covering. Rob- rt* selling May corn. Oat* opened steady with a gm*l demand for May nt 34c and December at 32c. Provision* strong and higher. Packers buying lard and rib* nml look* ns though they were determined to market their product at higher prices. Cush trade gi*Kl for lard nnd meats. Cudahy Packing Com pany paid 9 for XeptemlM*r rtl»s. •rlvnte Wire to Gllmrt & Clay. Chicago. August 16.—Wheat news showi nothing bullish. Cables are Indifferent uml ■eather fine. The HccArd-Hernld says: "Chicago has •elvod more wheat during the first half nst than dm* '* '* Arrival* for thl* year are 5.613 4,99) for all of August. 19uG. The quality Show* an even more aurprinlng Improve- went than quantity. Out of the receipts thl* month to date, 4.316 are contract^ against 2,168 for all of August last year. The lw»*t Information we can nhtnlu hull- ate* a wheat cron of a I Mint 85,000.000 III North Dnkotn; 75.000.0)0 In Minnesota am* 50,000.000 In X&uith Dnkotn. In 1905. Mlu nCNotu nnd the Dakotas raised 200,000, QUO." • ACTEDJJUBBOHN The Opening Was Weak at a Small Fraction Lower ' Prices. SHORTS TOOK PROFITS CHICAGO CAR LOT8* Today. Tomorrow. RANGE OF THE COTTON MARKET LIVERPOOL GRAIN MARKET. AT NEW YORK, The following Is the range In tires In New York today: Aug. . Sept. , Get. . Nov. . Dec. . Jan. . Fell. . 21 il AT NEW ORLEANS. a * O JS u j MO-I li | 5 £8 ; Aug Xept Get Nov Dec. , , , . Jim Feb March. . . . 9.81 9.53 9..V 9.59 9.62 9.72 9.85 9.51 9.50 ' 9.U »M 9.62 9.73 9.81 9.43 9.37 9*38 9.45 9.62 9.58 9.84 9.51 9.41 *9.46 9.52 9.62 9.66 9.97 9.50-61 9.43- 44 9.44- 46 9.45 46 9.67-69 9.65-66 9.88 1 9.57 59 9.0-BO » 9.51- 53 J* 9.51- 62 h 9.57-68 r 9.62 04 - 971,3 A Wheat—Open H** lower: 1:30 p. ni.. He •wer; elom*d HtfHc lower. Corn—Opened «ie lower: 1:30 p. m., %c lower; closed 14ftlower. COTTON SEED OIL MARKET. S’tw Y’ork. Aug. 10.—The market for cot- a seed oil wn* more active- but weaker, vlth evidence of ciuinldernlih* pre los. which *oh .. ........ r .. tonehed. Met emeu!* lu cotton estimates, favorable »*ed offerings of i In lard have all !*>cal sentiment The close was lr- nlnr, with prices %r higher to He lower. Closed barely stently. DIVIDEND DECLARED BY NATIONAL LEAD .. ...ig. — - Company declared the usual quarterly stock dentf of 184 |U’»’ cent oil Its preferred atoek nnd 1 per cent on Its common stock today. CENTRAL STATION. Imrleston. . . Galveston. . , Little Rock. . . Memphis. . . . , Mobile Montgomery. . Now Orleans. . Oklahoma. . . Xnvntinah. . . Vicksburg. . . Wilmington. Dlst. Averages. Max. Min. 7<r 25^ M w T indicates rainfall. Light to iiUHlerate rains have fallen In i district* except 111 the Little Uoek Memphis districts, 1 — **’—""* East Texas—Fair Thane lay b-tiUin„, I rhla Knst Florida. West Florida. Ala- »** Frtdiv wlaslmil—Hhowera Thurwlny ►fth' ' ■'•"s—Fair hi south, showers In TS, Thursday and Friday. knil '‘ H * I nlr Thursday nnd Friday. MEETING POSTPONED UNTIL THE AFTERNOON Bv Private leased Wire. New York. Aug. 16.-The meetings of the tMinrds .*f directors, nf the I nlon I nr fie d Xouthern Pacific companies, which „,-re to have lieen held this morning, will probably not be held until later In the day. It has been found Impossible to obtain a quorum, owing to the absence of L. II. Vlarrlman and some of the others at the fu neral of Mr. Wilcox, brother of President, Wilcox of the Delaware and Hudson com pany. LATKU—At offices of l*n1on Faellle and Xoilthern Pacific. It I* stated that there will I** ii«* announcement In regard to div idends today. GI BERT & CLAY New Y'ork. Aug. 16.—Another drive was made at the cotton market thla morning that forced prices about 8 points lower than yesterday’* figure* before there was enough short covering to stetft the de cline. On the break, the most extepalve buying that ha* been noted nt all took place. Not during the entire running break went on below 9.69 for December Hilling the day’s weakness. Jt may ho that this taking of shorts and that new cotton, to t us a depressing liifhn where It would l»e well % halt an Instant and take a new view of the situation. The season has not advanced to a point where SELLING WAS HEAVY BY BOTH SIDES New Y’ork, Aug. 16.—The Sun says: "In fluenced by unexpected weakness st Liver pool nud heavy general selling for both sides of tho account, cotton prices de ll ned rulher sharply yesterday, nud at the qjose the tone was barely steady, with the final prices not far from the lowest of the day. Heavy rains, occurred nt nome points In the eastern belt, nnd light senttered showers were reported nt a few points lu Texas, but In the main the \v on ther wa* considered favorable, nnd although witio bullish^ crop ndvlr THE COFFEE MARKET. Ived from parts of Texns, other section* of tho licit ulu. Is said to be deteriorating, nothing nongh has as yet been reported the ell New Y’ork. Aug. 16.—The eoffeo mnrket opened steady nt an advance of lfxfflS points higher on European rallies. Trading was a little more active than recently, nml prices held steady to firm during the fore noon with the mnrket about 10^15 jHdnts net higher In the early afternoon. Sales for the first half of the ncsmIoii were about 36.000. ns tho opening range nnd Market Reacted in .Late Trading aud Fully Recov ered Earlv Loss. By Private Leased Wire. Chicago. Aug. 16.—The markets all closed quiet with tile talent not disposed to do a great deal of business nud the iitmilicr of outsiders small. Closing prices show: Wheat %it%r lower; corn HOH*’ lower, outs off ' n 4iand provisions Irregular. Cash anle* were eleven load* of wheat, five loads of corn and 100.000 bushels of oats at the senlHinrd. and 8,000 bushel* of wheat, 140.000 bushels of corn nnd 60,000 bushels of «»at* at Chicago. The estimated shipment* front Acgentldh for the week are 1.000,000 liiinhcl* of wheat and 2.200,000 bushel* of corn, compared with 1.672.00) and 2,543,000 bushels a year ago, respectively. Primary receipts of wheat 934,003 bush els and corn 414.000 bushels, compared with. 672.000 and 483,003 bushels, respectively, a year ago. Clearances for the day: Wheat 516,000; corn 4.000, oats 20,000. C HICAGO GRAIN MARK ET. Open. High. Low. Dec 44H May 45 OATS— Sept 9)% pec 32 88 31 32 3IH 8.70 May.. i’ORK- Xept .. 17.27H 17.37H 17.15 Jan.... 13.57H 13.57H 15.50 LARD— Xept... 8.72H 8.72H Oct.... 8.80 8.80 Jan.... 7.92H 7.95 SIDES— Xept... 8.90 9.00 Oct.... 8.77H 8.30 Jan.... 7.32H 7.52H CASH WHEAT— No. 2 red 70Hft71lj «:5 W 7.87H 3.92H 8.70 7.27H PRIMARY MOVEMENT. k'ollowlng close In tin day: New York*eoffeo niarLet* Opening March.. April.... .. . May June.. .... ., July August Xeptember.. October the generality of the trade to abandon the Idea that the crop la destined to prove a large one. However this may he, the hear side Is the popular one. Tills of Itself v (l .., H11 |V«V " may bring about n rally when least exjiect- ed. Yesterday the former bull leader sold - ■ freely, and proiulneiit spot Interests weri selling. /New Orleans nml foreign hoiisei nrTTaii*nngTW!^TneTPliliesl>eni' "With the rings oil the run. the . loud ncMHlndst wn* ngntn in hla glory, ami yesterday’s mnrket si’oriHl* a a.,# oeciiiic without the developmeut of* fr»*h depressing factor. Keller* were plenty, buyer* wore shy enough. Crop ro- iMirts were not any too good, but spin ner* posed ns the most disinterested people In tie* world. Consequently, the game was one-sliled from the start. There sro now three well-defined spccuhitfve ructions, only one of which Is active. The extreme henr Is talking mid Selling the stuff nt the same time. The conservative element believes a reaction Is due on general principles, but would place very little faith In the permanency of an advance at this time. The student of the staple, however, see* In the growing short Interest an early return of the speculative conditions exist- prlc, the crop I* assured her.*,id all peradventure, and tins present level Ir *’ ’ the snm nt. In New Y’ork repre- .. ... the Xoutb. a figure that may lend to a rather less one-sided progress of prlres. It look* tv a great uiauy an I bough price* had about reached a figure where much more conservative selling would Is* the part of wisdom. In fact, many look for something of a rally. New York. Aug. 16.—Broadening further The lower the the Xeptember •strictIon then will send August brave to cover on the ninny , Jump. Meanwhile, room traders arc work lug mid talking hnrd for n further slump, ami the wise men arc wise In nvoiding »h*» nvorosslou u decided opinion,’’—'Wnre ft Lclnnd. 7.40-7.45 7.467.5a 7.50-7.60 7.55 6.80-7.00 .. ,.6.85 0.95 .. ..7.00 7.05-7.15 7.10 7.35-7.40 7.45-7.50 7.50-7.56 7.55-7.60 7.00- 7.65 765-7.70 7.00- 7.05 7.00-7.05 ’05-7.10 f 10-7.20 finmiclnl plan contemplates Issuing 125.000, ooo common stock at pgr to stockholders which would 1m* about 20 |»cr cent of their holdings. This would make the rtgliln worth about 15 per cent. This Is a change from the earlier suggestions, which fit- hided the Issuing of nu equivalent amount vrrtilde bonds. SOUTHERN EXCHANGE OldMt Katabllihrd Office Boiith. conos STOCKS BONDS GRAIN Ground Floor Gould Building. Dally mnrket letter nnd market manual mailed on application. PRICE CURRENT CROP REPORT. C’lticlnnatl, Aug. 10.—Rains unfavorable for oaf* threshing, damaging grain In shock but beneficial to corn nml pastures. Corn crop expected fully equal to Inst year. Packing 438,000, ngainst 315.000 year ago. THE 8UGAR MARKET. refined „ __ »n lieet sugar August 8* Hd, Xeptember nuchanged. enient nf wheat and ■ Wheat—Receipt* today 934,00) biislie't, against 072.003 bushel* hist year: shliunenta today 633,000 Imshel*. against 634,000 bush els last year. Porn—Receipts today 414,000 bushels, against 429.000 bushels Inst year: shipment a NORTHWEST CARS* CENTRAL BANKS TRUST CORPORATION, CAPITAL $500,000.00 If you contemplate opening * new account, or changing your present banking arrangement, and wlah to connect yourtelf with a etrong, comerv- atlre bank, fully equipped to serre you as your builoess J iatlfles, we Invite you to call and talk the matter over with ue. Asa 0. Candler, President. W. H. Patt.reen, Vloe-Pr«.ldent A. P. Coles, Cashier. John 8. Owens, Vles-PrssldsnL Wm. D. Owens, Asst. Cashier. nf tin itrrvimfl. ». -- i-ttueht on the «ny up. It Is now stnted uiitliorltv that I satire other tbnn tli. Ilnrrimmi stocks. will l»o taken U” nn«l unde prominent, i oriiintlon elreiila 1 ....^. — ^ --- -- ill Iliave a good turn, following whbh ,.thcr minor |ms>I somlccs will la-gln on— Hons, prnrldcd plunging Is not ciirleil, Tin* western element I* vcfj’ bullish on advices, nnd seems to think Xtundnrd Oil liners are under the market. Xlgus this effect nrc not wanting, hut an t market Is yet professional we think* cou; scrvntIkiu should perr the dally trader, who i recessions. LATE NEWS ITEM8. Union Pacific earnings for tha year end ing June 30, surplus overcharge Increase 86.416,337; Xouthern Pacific for year ending June 33 surplus overcharges Increase |5,- 377,292. A nows bureau states on wlint It learns to be giMsl authority that the Rt. Paul L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 REFERENCE. THE NEAL BANK PHONE 1417. PRUDENTIAL BLOG Frank Hawkins, President. H. M. Atkinson, V. P. Tnomas C. Erwin. Aist. Cashier. Joseph A. McCord, Cashier. R. W. Dyers, Asst. Cashier. Third National Bank Capital Surplus Dr. A. W. Calhonn. Milton Dargsn. John W. Grant. H. Y. McCord. $200,000.00. $300,000.00. OIRECTORSi Frank Hawkins. II. M. Atkinson. Joseph A. McCord. B. II. Rosser. David Woodward. GIBERT & CLAV 8 DAILY COTTON LETTER. New Orleans. Aug. 16.—Influenced by th«* decline In American markets, options In Liverpool lost the streugtb that they earlier dlsplayctl nml rinsed easy nt a uet loss of 5 iMdllt*. X|Mit wiles Were 0,003 hales at 2 point* lower, UubUs were liulllshly In- t-llucd and some were of the opinion that the Imtlom of the market luid been rnaelg-fl. A* later developments proved, the imirket'a milv supiMirt Ih the early morning (rndlug was the quantity of baying orders at 9.50 for December. A* *o»m n* prices broke through this obstacle but little iHfrieulty HUBBARD BROS & CO., Sts Atlanta Offices, 219-221 Century Building. Members New York Cotton Exchange, New Or leans Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchanges. Direct wire service. Correspondence Invited. Phones 4M, Long Distance 31. A.S. Ilustare. Mgr. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, President. A. E. THORNTON, Vice-President. H. T. INMAN, Vice-President. OEO. R. DONOVAN, Caohler. JAMES 8. FLOYD, Aes’t Cashier. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. WM. I- PEEL, President. HOBT. K. MADDOX. Vlce-Pres. THOR. J. PEEPI.EH. Cashier. JAS. G. I.KSTKIL As.*t Cnshle * «• ALABAMA I STOCKS. DON DS, COTTON. OKAIN. corral. pnovtsioNS MCMOCKSl ATLANTA. OA coDslUeraltly ItirreMed. but (.Ninsi.lertna the atimiHt blvrtl wvnther now nffwtlug th« lM‘lt It appear* a* If tlirtr |H>*itloii U *o wrll taken that only a cron *carc nf mi- tlcnlahh’ character could effect a dislodge incut. However, nt these level* n spirit of ronservatism will In all probability pre vails fmr the mule has not as yet become " -- .. Exchanges. ».'ciffitome«l to the Plea that declines cuu uc and L.ng OlrtinJ'T?I?»K« M W- B- PAGAN, M.n.gsN iutlcfiultvly cuutluut.'Ue York Stock ExcksnnJNew Orleans Cotton Ex^bange.lChlesgoBoard of Trade. t "* dth Cole, xlZ Orte.ii, BraTrU ofTrSK:iGalte.wn C “otto n A ‘!^hVu cotton^gra:^, ^rovisio^StocksPboncs, Ms. 2 Wall SI., f tiff fsfMisf. Atlanta, 0a. Haw Uft Caffe* lackaaaa. Htw Orleans Caffes Enekaag*. Uuraaat Caffoe Attatlallaa. frit ate Wires la Htw Yath, Haw Orlaaas. CkUaga. Hall fkaat 1242.' Cklta§a Veer# at Trait. Chltaaa Sta<k Eaekanga. Hew Yark Collet tMchaoge. §. C COTHRAN. Uaoaget. Standard FI tee 234. MADDOX-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITED We invite accounts of individuals, corporations, hanks and bankers and offer the best terms consistent with conservative banking. Id our Saving. Department we allow lntereat at the Rate of 3 t-j per cent. Compounded Semi-Annually.