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| EDITED 11Y ( ___ __ ~ —— — \ Wr . ,, j JOSEPH B.L,vEi.Yt THE GEORGIAN’S RECORD OF MARKETS AND FINANCE -Ively's 25 years* experience editing markets In Atlanta and 8ontli has made him s rec ognised authority lu b«**p*clalty. AT SHARP DECLINE Due to a Weak Set of Ad vices From the English Market. STARTED NEAR HIGH After Which Prices Were Steadily Forced Lower on Heavy Selling. NEWS AND GOSSIP .Of the Fleecy Staple. I’ri rivnie Wire to Glbert * Clnv, New \ork. Aug. 17.—Liverpool • 'riMMil opened 2 rlouii. M mm expected !»4(fi2 up. Liverpool snya; "At the opening, nothing offered; market stonily. owing to c.**l re- jMirtM from Now York. It wns affected unfavorably by selling of Kgjptlons and prominent firm soiling* nml showing reports Hnyimr very , freely.” „ t - advantage of the mis* ellnnoous short interest In October, nml trine to boost the market, raking buyers on a basis Inst few days. It Is almost certain Miss Giles' report will prominent nrm selling ami show! of crop prospects splendid. Hi limited. Continent sold very fr Price has taken advantage of In the primary market were less' eager' for goods for the day. but the relative falling off In trade was not ns large as some fac tors looked for In the face of advancing prices, for doth and declining prices for cotton virtually while tlie business wns going on. Many orders are In hand await ing the appearance of goods that are now scarce. The trading Is limited In many directions by the Inability to secure good* for quick delivery, and there are many things that show that large quantities of goods will Ih» wanted tiefore the Itrst of fit Private Leased Wire. New York. Aug. 17.—The selling. After the call, thy list show ed a disposition to steady ** *' •ring- . tagging affair. Liverpool furnished r .... rices from that center showing decided weakness In tn»th spot and future* nt the Itart. though part of the decline was re covered at the dose, which was unchanged to 3 point* down. Spot was quoted * points lower nt 5.51d for middling. I nder the Influence «| Liverpool* weal lies*. New York nt the opening showed n decline of (>1710 points and with only flight occasional rallies prices continued Oetolier.** Orlen ns cry poor: Aug the 1 up. We have an unfa market; no de- =4 PACIFIC STOCKS MOTION Declaration of Dividends on Two Pacifies Caused Excitement. ORDERS WERE TO BUY Sensational Advance in Un ion Pacific the Residt. Others Irregular. lunnd.” New York wires: "Crop conditions idleut; looks like a bumper. Splnncrx different. Kxpcct much lower prices. •ring by satisfied shorts causing steadiness. Market does not look healthy, d lower prices are expected. Ne tHT prln ires Id gl e; k No pressure here to- ihmI sjNit business; ■harp rally: think »oks like Price Is In the western licit, and alternate cloudy and clear, with showers on the coast in the eastern state*. •uknes* of Liverpool and rd thro Murk* of all positions being offered •rule down. Ml** Giles* condition report of •Bent luflueuee lowi Mitchell ther conditions should strouffH* price wltluMit Ktlmtilnting wen flier offsetting It. I p to and Including twin, perfe the amount brought Into sight aggregates 10,997,315 i>nles. which ; a crop of over ll.OW.OOO bales 6,000 January nt 9.40. traders are trying to break the market on Miss Giles* report on the theory that considerable cotton lias lieen bought in nntlolimtleti of It. In sight for the week, eoinplled by Super intendent King. New York. Is 56.804. against 40.925 last week. For season 10.lS7.816, against 15,542.74*. Bornhe; * •< of Llver|NK»i: "Kxpeet Private Wire to Wr New York. Aug. quiet SPOT COTTON MARKET. nt 91116c. * t 10>4e. nt 9V. take „ .. Heetns to bine a bet! rally, but uittfk York market Is dull but lere has been enough b . tering offerings off the market Look mditlons change icalp for tbo time Baltimore. quiet at H%. iifet at 10*ic. steady nt 10.30c. Norfolk, quit Boston. steai. Houston, quiet nt 19e. LIVERPOOL COTTON MARKET. •Goldman Cotton Company, St. "There Is very little change to re* jHirt 111 conditions as far as Missouri. Ar ansas and the northern portion of the In dian Territory are concerned, excepting that we have again had an excess of moist ure. This has given rise to complaints rank growth of the By Private lapsed Wire. New York. Aug. 17.—The declaration of a dividend of 5 per cent for the half year on Union I'nclfle stocks and the announce ment that Southern 1 *ncfllc had been placed on a 5 |M*r cent ImisIw. were the astonish ing news which greeted Wall street flf- teen initiates after the o|ieiiliig today. This, with the sensational price movement which followed, will rank the whole episode at one of the most remarkable lu the history of the stock exrImage. The utmost that had been expected on Union I'nclllc stock up to the close of business yesterday waa a dividend at a rate of 7 per cent a year, and with some sort of extra distribution. Instead of this, the stock Is placed square ly on a to per cent basis, ami the extraor dinary If not unprecedented fact confront o iow. ill ilie rase oj noiiincrn he possibility of readjustment to stocks selling higher and paying etiirns was hardly less. It was Liverpool, Aug. 17. 12:15 p. in.—Cotton, •pot business m»»1ernte, with prices easier; Middling uplands 6.51d; sales 5.009; Amer ican 1.600; speculation and export 600; receipts 2.009; American 309. Future* opened steady. I qH'Ulllg Previous Range. Close. Close August fl.2Mr.tt 6.27 6.-J7 August-Sept. . . .5.25 5.21 6.23 5.23 Kept.-Ilet.. 5.18-5.14 6.15-5.16 5.16 net -Nov $.17-5.11 6.14 6.15 . .5.18-5.13 6.14-5.15 5.16 .5.21-5.16 6.15 5.16-5 17 ..6.21-6.19 5.16-6.17 5.18 .5.21-5.19 5.14-5.19 5.39 ..5.24-6.19 5.16 5.18 6.22 . .5.25-5.20 6.21 6/23 ice. hi tlirfiol •Dec. . .’ Jan. . . Fdi. . , .-March. . rli AprJL. CHICAGO CAR LOT8. Todny. Tomorrow. weather, permitting maturity, we believe It is to tile advantage of the growing crop. As indicated in former letters, the cotton up lu the territory named has developeil rv satisfactorily daring the end of sum and prospects lor ii good out-turn ■ good at this writ fat.” •Icon*. Aug. 17.—hbort* are tak ing profit* freely, and the mnrket Is steady 1)1 consequence. Hulls are offering no support, although both New York and Llv- rpisd have lieen wiring bullish messages 'Liverpool cables; "The market Is depre d lu consequence of hear movements. Weather map Is favorable. Little rain md moderate temperatures a l *noti?ton* up 1 * 0 date received 26,635 bales of new cotton. THE WEATHER. localT-orecast. TODAY'S PORT RECEIPTS. The following table shows receipts nt tbs 8TATE F0RECA8T8. Georgia—Fnir tonight; local rains Hntur- * Houth Carolina—Local rains tonight and Saturday. Alabama—Fair tonight and Saturday. WEATHER CONDITIONS. I:t nt l* ■ weather ccutlmtes at most sfnffoi hewers have occurred In the past lu the Ohio " “ *■ const and valley lu % during Thors- INTERIOR MOVEMENT. Th.* following table shows receipts nt the Interior towns today, compared with the e 'lay last year; the south At raftered statin . . rule the amount of preelj itatloit Is light. Thunder storms quite ii number of stall hie pressure continues flat and shig^o movement. The bn remoter Is highest er New England and lowest In Montana d on the • oust of California. As a rule th* temperature has changed but little. \ Tin favor the development of local thunder shower* In this section to night and Saturday. WEATHEfl IN COTTON BELT. lion.ton. I tit I lit h nml Sun Antonio Pltw ntol warm. Tyln Hi. «!«.■ of otlinf high dlrltlntitl paying Is- sues, was selling anywhere from *0 to 60 points too low. In the ease of 8outh< Pad tic. the possibility the other stocki smaller returns r small wonder, therefore, that the whole mnrket should, for the time being, lutve been gtruck with eoustertiMtlon ns to what effect the news should have. The rest of the market sold off. Itut te uncertainty lasted only for a brief Interval, and then cauie a rush to buy. converging upon the Pennsylvania and Heel shares, but aJso extending into other quarters. There wns nothing to the market today t the opening of the stock exchange, ex- ept Southern I'nclllc and Union Pacific. The opolling showed a gain on the dosing prices of last evening. Union Pnelflc dosed last nleht at 1624*. Southern I’nclllc opened at 836t8nVL nml irctweeu these figures 4.000 shares were trailed In. It closed yesterday nt 82V4. This morning there continued some profit-taking In the leaders. The general utdlon was that Union Pacific and Southern Pacific were soiling high enough on the basis of the most sanguine expeetatlons ns to dividends. There was a great deal of dissatisfaction over the failure of the direc tors of the Union Pnelflc to announce the semi annual dividend yesterday. There was said to be entirely satisfactory authority for the statement that the dividend on Union Pnelflc common stork hns Ihjcii fully decided upon, and that poller with re- *|M*ct to the dividends on Honfhern Pacific com moil hns also lieen agreed on. la some circles It was even claimed that the dividends on Southern Pnelflc would he nt the rate of 5 per cent Instead of 4 per cent, ns lias lieen commonly reported. The balance of the market movement* wore Ir regular There wns no need of gossip to account for the trndlng nioremeuts tislny. The facts were etiottgli. and when the official niiiiomiceiiieut wns made of the declara tion* of the llarrlmnii dividends the trnd lng In these stocks wns more exciting ttsiu lias ever lieen noted oft the exchange, .ex cept in times of nnnlc. Many brokers had orders to buy 19.000 of these stocks at the market. Hoorn traders rushed to buy for their own nconnt. and after them came n struggle to cover large lines of shorts. The two crowds 1»eenme howling, surging masses and little attention waa bald to prices In the execution of order*. Union f’aclflc ro*e points and Hqtithern Pnelflc 6 {mints, RANGE OF NEW YORK STOCK MARKET Amalgamated Copper. Americati Hugnr lleflt Jena Sugar licflulng Atlantic Coast'Line Anaconda American lAtiiuotlve do. preferred American Smelting licflulng do. preferred Atchison do. preferred American Cotton Oil Canadian I'ncifto Chicago and Northwestern Chesapeake and Ohio Colorado Fuel and Iron Central Leather do, preferred eago and Great We on go. Milwaukee an Delaware nml Hudson.JVHVWWVN Distiller’s Securities Erie , do. preferred General Electric Illinois Central American left Securities Louisville nml Nash rill ft Mexican Central Missouri Pnelflc New York. Ontario und Western National I*nd Northern Pnelflc New York Central-. Norfolk and Western Pennsylvania People’s tins *’reused 8 tend Car do, preferred IVtdfle Mail Hock Island do, preferred United States HubLcr , do. preferred do, preferred Sloss-Slieffleld Tennessee Coal and Iron Texas and Pacific Union Pnelflc United States Steel do. preferred Western Union Wabash do. preferred... Wisconsin Central do. preferred 51 6lU Total stm-k sales today 2,629,490 shares. Total sales Union Pi Pnelflc 488,300. TIPS FLASHED From Wall Street. .. ... .ups Whatever tie* market may do dn.v or tomorrow under exlxting In- fluetiee* we shall consider the time right tor long commitment* on any good op portunity. We believe fundamentals are strong enough to dominate casual In- liuciiro* and look for g.«*| support mnrket and lilglter price*. IH'W-Joues A Co. say: "Union I’nclfle de- iarml 5 |n»r cent dividend, payable souil y. mm for a turn Vlcauelnl Bure:u says: Dnunii the aetlon in regard to the llarrlmnii Pa drtc* a* to dividend* has lieen po*f|Hiued Is no reason why the stocks should de cline. for It I* practically certain that the dividend on Union Pacific will he raised and that the luIHiil dividend on Southern Pacific 1* near. This group 1* only one por tion of the stork market, and there are at present no Indication* Mint the llnrrl- tiiaii party hit* relinquished if* hull iio*i- tlon; In fact, we i:mter*tiiiid seale-tfown Inlying orders will he met from llnrrlniaii Interest* on extension of recession*. We tlilpk the Morgan Interest* may now take tip their Issue*, for good Inlying has l*eeit taking place therein, nml Morgan broker age houses of exclusion are bullish on the list. We continue to believe In the policy of specialty Improvement, which Hecuin best In view of the money status, while ns to the general list we would mnlntnln a neutral position, nml try for a short turn In stocks that appear vul nerable. but billy selling them when strong. We would remain conservatively hopeful as regards the general mnrket. The declaration of u 10 per cent basis nml a 6 per cent basis dividend for Union Pa cific and Southern 1 aeltlc. which caused wild excitement en the floor, while being criticised for the manner of disclosure. Is regarded throughout the street as out* of the strongest bids for public Investment and speculation ever made In the *tr«*et, and It I* Iwdleve I that, money |»cruitfting, onft of the great»*st markets witnessed will lie realised lu the net distant future from tin* policy of banking elements liehlud the prices. RANGE OF THE COTTON MARKET AT NEW YORK. Aug. . Sept. . Oct. . Nov. . Dec. . , Jiiii. . , Feb. . . March. i m 4.92-97 9.16-20 9.02-03 9.24-26 9.21-221 9.49-41 9.27-29 9.46-47 9.91-32 9.50-51 9.37-3* 9.57-58 9.41-451 9.62-61 9.47-481 9.64-69 Closed barely steady. AT NEW ORLEAN8. 3 9.40 9.40 0.27-29 mm ■■19.21-22 9.22-24 9.23 9.23-24 n Closed barely steady. BEARS CONFIDENT OF LOWER PRICES ... stocks tho great- •ngtli was shown In Pennsylvania, o*» 3*4. Price change* It* the mn- joritv of the storks were Irregular and tilt- rtnln. . . . Other vhleh LONDON STOCK MARKET. 12 pmfcio* Ido* 1260 1262V4'i7> and Fort Worth nnndlan I’nclfle .. Chic.. Mil. and St. Paul.. Erie , Illinois Central.. .. .. .. •• I ouUvflle and Nnshvllle. Heading Pennsylvania.. .. .. .. . Southern Pnelflc Union I’nclfle.. .. United States Steel do. preferred COTTON REGION BULLETIN. Mississi ppi—I lolly PRICE OF COTTON SHOULD NOW GO UP Thy Georgian. Attgu-t.,. ip,.. Aug. 17.—"The price of cot- l»w now as It ought to go.* 'I o’Dowd yesterday, when asked ‘pinion ott the cotton qtiestl Spring*. Aberdeen. Aniory. Tupelo anil tfew Albany clear ami hot. . , . . „ Alabamn—Montgomery clear and hot. Mo bile and Opelika clear and warm. Selmn luirtlv cloudv and warm. Huntsville and hot. Mohlli tieorgln—Macot yesterday afternoon. VDmvil U oldest mail oil the cotton " deelanut that the sltnath I that the price ought b that the cbudltlon III •orgla line been misquoted." prli*e fell He. ‘ * ' „ mid In ami hot; hard rain ... Amerlctts clear and dear ami hot. Atlanta {Htrtl.v cloudy and hot. - North I'arolUin—tircensboro cloud.v nml md; g.usl rain Inst night. Charlotte urtiy cloudy and pleasant; hard rain yes- *rday uftorw*»K WEATHER IN WHEAT BELT. Extreme Northwest—Generally fair, with rising tent pern tu re; 42 to 44 nluive. Northwest-Clear, generally, warmer; 08 to jt nlwtve. .... i West nml Southwest—^Generally clear and (-iintltitusl warmer: C6 to 74 nltove; now rain ing in Oklahoma; local rains In Iowa. Missouri and Illinois. PIVI LENDS DECLARED BY TWO PACIFICS IP I'rlv te I., aw*»1 Wire. V"tk. Aug. 17.—The Southern I’n- dectfircd a dividend of 2^ •»« It* common stock. This 1* tlie L'L ? l ?M^i»d ever paid. The dividend setnl-amiunl. clear; 70 to 72 WEATHER FORECAST. Georgia. Western Florida a ml Alabama— rains and thnmlerstorms l-rlday and Sulnr.lny: llitHt nmutlr I.iml»lnn:i jiimI MImHMpi.1—■j!. 1 .' 1 ? Krlilny anil Batunlnjr; llsht «-IihI». south. ostly Pii.t T.xn^t'nlr Frlitnv «nl >Jn!"r*'y: nfii.nr In norlbcapt imrllnn Krl.Iny; lluiil Ti,. !- wini-un S' 1 "." lm» non 'nmml .ll v |.|oi„| „( 5 per cent iced eitil* common « 2 I* ad the regular semi-annual dividend Ita preferr»*d stock. sooth winds. Western Satitnlay. Arkansas—I dn.v; warmer Texas— I-ocul rnlns Friday ami “ *• ALABAMA »T. GIBERT & CLAY STOCK.. BON"®' COTTON. CHAIN. COFFEE. PROVISION* EMBERS ATLANTA. ©A. STATIONS OF ATLANTA DISTRICT. •Atlanta, clear. . . •t lMttnumtga, clear. ••Colhim bn*. . . . . Cnltiesvllle. clear. . Greenville, cloudy. . Griffin, clear. . . . •Macon, p. cloudy. . Monticelle. clear. . . •Minimum tempemtii ^IIEAVY HAINFALU4. Charlotte. N. t* IIoldenvllie. I, T.. .. Ch-trlestoii. ..... 6 Galveston ) 29 Little Hock 15 Memphis 15 Mobile ( 1“ Montgomery ; l*} New Orleans ! 16 Oklahoma Ml Savannah 18 Vicksburg B . - Wilmington I L> i 88 I •* T Indicates Inappreciable rtlnralC REMARK8. . ..tlures were higher than for t 21 hour* In nil district*. Light »l*t. Average*. It f ended at about the closing orlces of Med tiesday. The rwovery was traceable large ly to covering of shorts and more or less new buying ott the theory that a rally was due after the severe deelljl* and dras tic liquidation of late, eanertally aa the short Interest I* eonsldereil largi*. Liver pool sent somewhat lief ter advice* than expected, ami the market here otiened a shade higher. Hut leading Interests again Hold freely, and price* soon weakened and declined with room traders selling. S|uit Interests sold. too. and the Hrfiith sent large selling orders. The weather was fa vorable in the main, and the crop rc|M>rt* were of an encouraging tem»r. a* a rule, though some complaint* of Insect damage, shedding, etc., were weired from the soul wrest. Later on a slow rally sjet In. owing to covering by shorts, liicludlng some of the more prominent memle-rs of the boar {tarty, and there was also more or less buying for a turn on the long side by those who believed that the market was entitled to, nt least, n teniimrnry upturn, a view In which even some of the item 1 * concurred. There are few, however, who have faith la more than n moderate re covery. nml even thnt tnnv not occur. The wentlier sad crop reports are so very gen erally favorable that the bear* are up- t aiviitf.v a* confident ns ever that the mar- et must decline to a lower level. *—Glbert »V Play. i-Pott ... .... gat passing thought to flic development of a distinct note of pessimism III sonic »f the rot ton Held reports and a further decline wns recorded, though it mld-sesrioii reaction enused the recovery of part ot the loss nml cheeked the rampant enthusi asm. On the Whole, professionals nnpenr just nlmcit a* bearish ns ever, and the small compnny of conservatives 1* gain NEW Y.ORK COFFEE. New York, Aug. 17.—The eoffei* market opened at a decline of 5ff|9 tpoluts and eased off xtlll further on otic or two {»o«l- tlon* during the forenoon, and nt ^iiidduy were &(fl5 fuduts net lower. The^declltte wns due to the reactionary tendency of the European market*, which lu turn wn* thought, to arise from t||e disappointing showing of the primary markets. Trading here was much less active than yesterday, and *alc* for the first half of the session were alHiut 14.fl0q bag*.—Glncrt A Clay. Following were the opening range nml York coffee mnrket to- March.. April.. May... . Augo*: September.. .. , October November December Closed sternly. Opening linage. .*.“!!L25-7.30 . ..7.35 .. ..7.40-7.59 '\.;;l6i.7.«o .. ..7.M7.W . .6.95-7.96 .. ..6.9)7.00 . . .6.95-7.00 .. ..7.00-7.15 .. ..7.15-7.20 7.25-7.39 7.4»-7.» 7.35-7.40 7.40-7.45 7.45-7.50 7.50-7.55 7.55-7.60 6.95- 7.0) 6.95- 7.00 7.09- 7.10 7.10- 7.15 7.157.2) Increased dividend In Private IVIre to M'arc A Lelaud. New York. Aug. 17.—Luiidmi heavy , 4 r lower. Ilusslatt new* lea* rea**arlng. New. St. Paul stock Issue of $26,000,000 permit* holder* to *nb*crll>e for 23 cent nt onr. At 1S7V4 for stork rights tlons doubt of Southern Pnelflc going per cent InisIs. and thnt Union Pnelflc div idend will be Increased to 7 per Coppers and Steels will liccoti live on greatly Improved trade and If sold down can Ik* taken on. along with Atchison. Missouri Pacific and other low-priced rails and Industrials. A good bank statement I* expected, hut money Is held very stiffly. Dow-Joiicm’ summary; American atocka lu tendon heavy below parity United States revenue Itctween July 1 and August 16 Increased $9,683,791, with no In- crease In expenditures. Iteiuirts of terrorist disturbanees from Utissln on nil Increasing scale. Steel sale* agents report* extraordinary demand for raw material. Intel borough Metropolitan Is now earn ing full dividend oil preferred Stuck. Stock* plentiful lu M'inu crowd. Gain of bank* from sub-trea*ur.v partial ly offsetting loss to St. IhmjIm and other {udnts. Loudon stock mnrket closed tomorrow. All rcportH Indicate *upcrlor quality of new wheat. Twelve IndmttrlnlH declined .35 per cent. Twenty active railroad* declined .71 per TO COVER EARLY Caused a Sharp Upturn ir Wheat at the Opening Today. ATLANTA MAPKETS. FRUITS AND PRODUCE. Officially corrected by Atlanta Fruit sot Produce exchange. lemons, 14.764(5.00. Lillie* Wl to lie. Peaches, per crate. $1.00(©1.60. ' Pineapples, $1.60 to S3.60. H.-iuaun*. *trnighta. u-- bu*»rh 11.50 to $1.75. Culls, per biimn, Ii ?o #1.28. M’stftriiielu**. $7.50 to (20.00 per 100: de. and good, POULT ICY AND COUNTRY I’HODUCB,- Llve liens 35 to 37l*c; fries 22% to broilers 15 to 22V»c. Llvo ducks, Pskla 3# to 85c; puddle 25 to 2714c. Dressed liens. |icr lb., 12c to I3e. Eggs, per doxcii, 2<>’. Butler, table, per lb.. 20 to 32V4c: cook CABLES WERE STRONG Shipments From Argentina Small, Which Were Addi tional Influerices. By Private Leased MM re. - Chicago, August 17.—Wheat waa ir regular and unsettled. It was up early and down before the close. Long hold ings came out freely on nil hard spots to develop. The close showed declines nt 3-S and l-2c for wheat, 1-4 and 3-8c for corn, 5-8- and 7-8c for oats and 2 1-2 and 27 l-2c for provisions. Cash sales here wero 12,000 bushels wheat, 90,000 corn, 120,000 oats. At the seaboard eleven loads wheat, nine teen loads corij and 200,000 bushels oats. Clearance* for the week: Wheat, 2.827,900 bushels and corn 525,000 bush- compared with 1,064,000 and 1,177,- 000 bushels, respectively, n year ago. Many of those who bouffh? early were sellers late. The volume of trade was larger In all the pits. The weakness In corn was ngaln-u the wheat price. CHICAGO GRAIN MARKET. Chicago grain and piurUlons quotations for today folio art Previous ..... . Open. High. Low. Close. Close. M HKA’I - Kept 7-r.i Dee...*. 7384 Mur 77 H COHN— Hept 48»4 Dee 41% May 44% OATH— Hept 29H Dee 31U May 33% I’OHK- Hcpt... 17.95 Jim.... 13.60 LARD— Sept.. 8.79 Oct.... 8.77‘,fc Jan.... 7.57*5 SIDES— Sept.. 8.97‘A 8.97*4 Oet.... 4.75 8.75 Jan.... 7.2214 7.2214 CASH M'llEAT— No, 2 r*Hl 7o4*fe72; ..... 2 hard winter 79H($7l)%; No. 3 do 79% 7H1 hi Wi 71% 48-S 44H 4H* ::l ::s i 1 ) 17.no I7.no 17.2741 1% 13.32*4 13.32V4 13.50 i.DO m !;P 8.99 8.79 7.12 8.70 8.75 7.90 8.95 MS LIVERPOOL GRAIN MARKET. M’hent—0|u*hed We higher; 111 1:39 p. higher; ebuNul %tt%v higher. Corn—Opened timdianged: at 1:30 was ehaugtul ami elo*e«| %r higher. NORTHWEST CARS, Ing reernlf* slowly enongh. Just where the turning imlnt will l»e encountered la one of the darkest *eeref* of the cotton trade, but It I* fully nrobnlde that ouee America ti* een*e deluging Liverpool with order* to sell tlie stuff the foreign mar ket will evidence some kind of it reac tionary tendency. Then, too, en refill stu- dent* of the staple expect. S|H>t. market eoifdltluli* to exert n ‘ speculative value* n .. flelal Influe r the rcn*«»n that - nre now at work. but i-ndleiils liellere the Interior will follow option fluetuell' It of Mpeeul:itlv< bind* broadening facto e. Hbotifd the _ tho ahotit faee ,. lli come” In abort orde- aoliie day. but men 11 while selling the other mu ns proper, ty 1* a very eiitertiilulng little flame, nml It Is not worrylug nnybody either."—M’aro A Inland. COTTON SEED OIL MARKET. GIBERT A CLAY'S DAILY COTTON LETTER. New Orleiin*, Aug. 17.—Liverpool nd wore very ntiiiieroti* and were of om ... eortl In favoring a lower range of value*, owing to the splendid crop prospects, the luck of demand for spot cotton ni * ** free offering* of both British and neats I Interest*. Option* closed 1 to 2 |Mi|nf* down, while spot trn mute tlon* 1 quoted 6 point* lower, sales 5.090 bole Opening price* wen* milfortilljr fully rc*|Hiiidlng to the ©12c. -Nvw l'»we buying 111 New York, which enused nervous abort* to cover freely .In nntleipntlon of a further reaction. The Giles report for the half month gnvc the condition at 82 iigaliiHt 42.7 on the flr*t of the month, and there then ensued considerable benrlsh activity, principally oil neeount of the dl*npoplnt- ment of the figure*, many expecting the re port to lie ImlllHh. As n result of till* see. sowing of mnrket prices, eonsldernble activ ity wns liiHtituted, bringing with It the more general Interest of outside specula Ii Excellent crop pruapeets continue Im - venient* of a tem|M*rsry character onlj are bsiked fur. \ SOUTHERN EXCHANGE Oldest BetebllKhed Office South. COHON—STOCKS-—BOMS—Mill Ground Floor Gould Building. Dally market letter r.nd market manual mailed on npp!!entk>n. v • MCMBCR®! n . 9 ruin* have iieenrreil In all portion* of the y." T^rk stork Exrhanfe./New Orleans Cotton Jv ,, ' l h " n 5rIfTvUKItMLStStn AlS?i«flo» Iw’t ex.-ept in the Mobile dfstriet A heavy York Corton Bxehann.iNew Orleans Work Exelistiie.jLIrerpool^cocroa wn * reported at Cliarlotte, N. c„ v»rk CoC« eKKSK: N>Jr Ori“i!. U»»r.l of 1nAd«t.U«toi. Lottu. Llch.KS» f^‘ r aBu tb<!T «t lfoldourUK I T. fflm In ill EutMf"' . J- JtAllJIl IH. . Prlrnt. tVlro, to oil EutMP -* t *l and L.nfl Dlitanea Telcphcn, 0223, \J. R. FAGAN. Man,par. Scot Ion Dlrntor. . Iilriizii Intcr-OroKii: With the t,ri>nli hi wheat ywurnlny rnma an Ittfimuml liniahy for romiil lot, of rial ntul haril wlntrr from tho rralrrn walward nml from mlll- Xlont .If tho Mil, noro WSNo mu of lino. I,nt Kilo, In nil mwltlmia woro 1*1.- iw> lunbolK inoltuHait ITO.b*) .No. 2 rial. 10.- cm) No. I nortliorn lit laiiml to tUo over Hmi'omlwr In ,tori' nml WJ»0 nilviaf lot,. Siiton of lorn woro nml out, .O.OcW nt Clio ,i>n)a.ir,I. ’ Hxjmrt lniNlllo,n In trheal wnn _)0.000. nml l>o,Kuily nitiro. nn will- wore not nil ro. iMirtial. Thoro vrnn hIwi ti.nifl runt*ami KW.OO.) ont,. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 nrrcntzNCE. the heal bank PHONE I4IT. PRUDENTIAL BLOC V F.G KT A B LK8.—I rlsb potntoeo. No. stiN'k. $2.69 barrel; |wr biisliel, f»9e. ilnluti*. $1.69 btiNliel; eublmge, 2c pouud. new sweet jKitatm*! $1.50 bushel. FLOUR, GRAIN. PROVI8ION8. FLOL'K—I’oatels Patent, $6.00; Dlnnion.. pnteut, $5.6'.'; Mniw’iiutnli Htnr, $4.65: fauey patent. $4.65; Bed Fugle, $1.40; Blue lUblHii,, $4.00: fnney, $3.09; spring wheat patent, $5.2$ to $6.75. C’OltN—t’holce red -oil, 763*: No. 2 white, 75e; No. 2 >eJ!uW, fie; mixed. TJc. OATH—t’nulee white el white, 50c; choice mixed, proof, .Vk-, MHAL—Plain water ground, per iuishel, 78c; Ih>|11-«l 149-lb. jutes, per bushel, 65c‘ r*iiori*. mine. >i.o*>, ( in . $1.36: imre brab. $1.10; tnlxerl bran. $1.u5. HAY.— 1 Timur by. >!j>hcp large b-je*. tfjfl; do, elwlee small liales, $1.01; do, No. 1 fimotliy ImiIcm. 81: do.. No. 2. $1; do.. No. | clover mixed, $1.00; do. No. 3 closed mixed, 90e C 1.0VKB.—Choice MVi The nltove prices art* n. h. Atlanta, and subject tu tnunrdlnt* •'•eeptnuce. GROCERIES. SUGAR—Htnndard urniiolnted, $6.20. New York KeNticd, 6*1; |dmitntlous, 6*4. Mnrket very strong COFPKK—Roasted Arbuekle’s $16.60, bulk, In Itags or liarrels, He; green, 10 tu lie. Market strong. niCB.—Carolina 4*4 to THc, according to grade. Market very strong. CHEF8E—Fnnry full ereaio dairy, ll'Ac; twins lie: brick, lie. Mnrket strong. PROVISIONS—Supreme hams. 15e. Dot* California bams lOVge: tied Crosf , Dry salt extra ribs. $9.47; indUe*. 1 Drift compound, The following figures giro the northwest car* today, lust week aud last year: Msr Last Today. Week. Year. MtiifitMt|toU* Duluth. 29 53 PRIMARY MOVEMENT. Tlie following figure* give the primary movement of wheat and corn: U’lient—lleeelpta tislny 681,000 liu*bel*. iigaliiHt 996.090 bii*liei* Inst year. Hlilpmenta todav, 239,099 bushel*, ngnfust 457,090 burii- els last year. Corn—Receipt* today 199.000 bindicl*. nngltisf 606.09') bushel* hist year. Hhlpmeut* finlay 444.001 bushels, ngnluat 467,009 fniHh-i* THE SUGAR MARKET. CRUDE OIL QUOTATIONS. By Private Leased Wire. Pittsburg. Aug. 17.—Credit balance quota tions for crude oil of tlie various grade* Pennsylvania 158, Tb*nn 168, dliehlnnd 178. Second Hand 15s. Newcastle 135. Col „ ing Iff#. Cabell If*. North Lima 92. I'iiiie«*- Ind., 69, Hoiith Limit 87. Indians 87, r*et 87. Rnghtn 60. Casey, Ills., 69, Kansas ami Indian Territory 42. THE ORY GOODS MARKET. New York. Aug. 17.—All active Jobbing trade wn* reported today, aud esiieeiaily in domestic dress gmsl*. Houthern ging hams were advanced He per yard. Grad ually advancing price* nre reported In the raw silk market. Trade at first lintel* wed Nome hairing In sympathy with a er cotton market, but o large volume . trade la already reported In bleached good*. 20-5 lb*.. $10.59; fat ••nek*. 8e; plates, lej Iptius tfkfac. California bami 10|«e; UihI f.’roii* Supreme lard. $9.75; Rwl Crow, l6c. _ 1. 7V; Red Cross. 7%c. 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. corroNVciRA:^, ^rovisiSnsStocksPbonds, g*. 2 Wall SI., Ptltrt f*d6f*f, Allttlt, Ca. few fart C#ff« ff«*i«t*. Krw Crftaas Ctitan lit grata! Cailaa Atta:laVa*. hitalt Wire»la Herr fart. Hew Ortean, Ckleaft. tell naae 12U. CMcif# Board at Tradt. Ckltaaa Sleek fidiift. Mew Tart Callee lactaat*. f. C. COTHKAH, Waaaaet. Slaadaed rtaae 7i\ WM. I- PFKL. President. ROUT. F. MADDOX, Vice Pres. MADD0X-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITED \Yc invito accounts of individuals, corporations, bonks and bankers and offer the best terms consistent with conservative banking. In our Saving* Department wt allow Interest at the Rate of 3 1-2 per cent. Compounded Semi-Annually .