Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY. AUGUST 17, 1306
edited BY
| JOSEPHruveltI THE GEORGIAN’S-RECORD OF MARKETS AND FINANCE
Mr. Llrtlf'i 25 years* experience
>f editing market* In Attnota ami
the South hns made him a rec
ognised authority In hla apeclaltj.
-J)
AT SHARP DECLINE
Due to a Weak Set of Ad
vices From the English
Market.
a
STARTED NEAR HIGH
After Which Prices Were
Steadily Forced Lower
on Heavy Selling,
e I.onwil Wire.
•rk. A tig. 17.—The cotton market
oak mill <$10 lH»Int» down on the
break In the Liverpool innrkot and atop-
***tho dill. t^» Hat aliotv
H a '
erlug.
• tie ou_
lagging affair.
l.lvorjKMil furnlahoil the cue, parly ml-
rices from Unit center allowing decided
weakness In lH»tli spot nnd fntnroa lit the
itnrf. though part of tin* iloidlno wna re
covered at tliP idopp, whlidl wna unchanged
to .1 |M»lnta down. Snot wna quoted 5
point* lower nt 6.61d *or middling.
i'lidor Hip Inllueiiee «4 Liverpoola wenk-
nes*. Now York at tin* opening showed
• decline of MilO piduta and with only
•light iM-eualonnl rnlllea prices continued
* “ the apaalon. largo
Ml** Giles’ condition report of 82
iltlumt stimulating off«*ot, the
rent her off aot ting if.
t> to and Inolndlng today, the amount
a jr«i
•or feet
NEWS AND UOSSII'
Of the Fleecy Staple.
Private Wire to Gllicrt A Flay.
New York, Aug. 17.—1,1 ror|mail opouoil 3
down. Man exported 1%$2 up.
Liverpool any*: “At the opening, nothing
offered; innrkot steady. owing to good ro-
tairta froui New York. It wna affected
unfavorably liy selling of Egyptians mid
prominent firm Bolling nnd allowing reimrts
of crop prospert* aplrndtd. Buying very
limited, t ontineiit aolij very fr«*elv.”
Price hna taken ndvnntnge of the mil*
eel la neon* abort liitorest III October, nnd
trying t<> boost the market.
Taking buyers mi n basis last few day*.
It la n.moat certain Miss Giles’ rnport will
la> bullish.
If in rumored MeFndden has sold 12,009
lislea of spots out of tooit! stock hero.
The Journal of t’oiiuuoree says: "Iluyeri
In the primary market wore leas oncer for
gtKMla for the day. but the relative falling
golnj
trading is limited In ninny
directions bv the Imi'dllty to secure good*
for quick delivery, mul then* are ninny
thing* that show tluit large quantities
•f goods will lie wnuted before the first of
New York wire*: “Crop conditions ex
cellent; balks like n bumper. Kplnners in
different. Expect much lower prices.”
Covering by antlsflial shorts enualng
steadluesa. Market docs not look healthy,
on er prices it re expected,
v York wires: "No pressure here to-
feeling Improving: go«*l spot liuslneaa;
■overlng would give sbsrp rnlly; think
ripening for same; looks like Price is n
Mg buy “
Today
..ear nn. ....
in the western belt, and nlternnte cloudy
mid clear, with showers on the const lu
the eastern states.
The weakness of Liverpool and such ex
cellent weather conditions should strougly
Influence lower prices.
Mitchell offers 5.WW January nt 9.45.
Room traders are trying to break the
market on Miss tilles’ reja»rt on the theory
that considerable cotton has been bought
lu anticipation of It.
lu sight for the week, compiled by Super
intendent King. New York. I* 58.808. against
80.025 last week. For season 10.097.8
against 13.542.748.
PACIFIC STOCKS
MOTION
Declaration of Dividends'on
Two Pacifies Caused
Excitement.
ORDERS WERE TO BUY
Sensational Advance in Un
ion Pacific the Result.
Others Irregular.
SPOT COTTON MARKET.
Atlanta, quiet at 10%c.
New York, steady at lO.SOr.
New Orleans, quiet nt 9 16-I6c.
i.iverpool, steady nt B.Sld.
Augusta, quiet nt 10*ie.
Sivauunli, easy at 0 ll-lSc.
LIVERPOOL COTTON MARKET.
Private Wire to Wn
.Vow York. Aug.
quiet 1 up •
11.111 i.sw. mm
receipts 2,000; American 209.
Future* opened steady.
Opening
August.. . .
August-Rept.
Hept.-Oct.. . .
Oct.-Not. . .
Nov. Dee. . .
Dee.-Jan. , .
Jan. Kelt. . .
Feb.-March. .
March April..
April-May. .
Range.
Prevlona
rinse.
5/27
6.23
Close.
...5.28-5.25 6.57
. .5.25-5.21 5.28
..5.18-5.14 5.15-5.16 5.1G
..5.17-5.11 6.14 6.15
.. .5.18-5.13 5.14 5.15 6.16
. .5.20-5.18 6.15 6.18-5.17
..5.21-6.19 6.16-5.17 5.18
. .6.21-5.19 6.16-5.19 5.20
..5.21-5.19 6.16-5.18 5.22
. .5.25-5.20 5.21 5.23
CHICAGO CAR LOTS.
Today. Tomorrow.
TODAY’S PORT_RECEIPTS.
■ fallowing table shows receipts at tht
Charleston,
b'linilngfon
Nerf.dk. . ,
Haitiumre. .
INTERIOR MOVEMENT.
The following table shows receipts nt the
Interior towns today, compared with the
».v.up dny last year:
Munplil*.
i» A Lein mb
17.—Liverpool opened
; 2 uii on late. At 12:15
2 ‘to 3 down nnd easy; sales 5,000;
spots 5 down nt 5781(1. Futures were due
to come iff2 up.
The New York market Is dull but very
stendv. There Inis been enough buying
to take scattering offerings off tin* market.
Seems to have a better tone. Look for
some rally, but until conditions change
would sell on bulges for sculp for the time
HI.
Missouri, Ar-
port In conditions
is mul the
Territory
far
Is enough
concerned, excepting
again had nn excess of moist
ure. This has given rise to complaints
of too rank growth '
stoppage of fruiting.
this nt all seriously, as the..
fruit now on the plants, am! with normal
weather, permitting maturity, we believe
It It to the advantage of the growing crop.
As Indicated In former letters, the cotton
crop lit the territory named has developed
very satisfactorily during the end of sum
mer, ami prospects for a gijod out-turn
still hold good nt this writing.
New Orleans. Aug. 17.—huorts are tak
ing profits freely, and the market Is steady
In consequence. Hulls nrc. offering no
support, although both New York and Liv
erpool have been wiring bullish messages
^ Liverpool cable's: “The market Is depress
ed In eon sequence of bear movements. '
Weather map Is favorable. Little rain
and moderate temperatures
the cotton belt.
II
of
THE WEATHER.
LOCAL fOKECAST.
STATE FORECASTS.
lii'orgl.1—Fair .toulfbt; local rain. Sntur-
Miiuth rornlliin—lawnl rnlua tonlfbt ami
Sat unlay.
Alabama—Fair tnnlitlit ami Kali inlay.
WEATHER CONDITIONS.
Fair weather continues nt most stations,
but showers have occurred In the pnst 24
hours in the Ohio valley, on the south At
lantic coast ami nt scattered stations In
west. As a role the amount of precip
itation Is light. Thunder storms occurred
at quite a nuinlier of stations during Ihurs-
ftTe 1 pressure continues lint nnd sluggish
of movement. The barometer Is highest
»*r New Knglnnd and lowest In Montana
mul on the coast of California.
a rule the temperature ha
but little. , , . '
favor the development of
local thunder showers lu tills section to
night and Hutnrdny.
changed
PRICE OF COTTON
SHOULD NOW GO UP
! *'» The Georgian.
» -ta. Ga„ Aug. 17.—"The price of cot-
l ' -is low now ns It ought to go."
'I o'lhiwd yesterday, when asked
11 opinion ou the cotton question. Mr.
.*• oldest man on the cotton
wtr. nn! he declares that the situation Is
wnous. nnd that the price ought to go
vi* that Hie condition In some re-
Georgia link lieen misquoted."
>y. the prjee fell He. and now
Is quoted nt 10%«* for middling,
lower than the price Inst year at
DIVI LENDS DECLARED
BY TWO PACIFICS
fiv Priv.it* Leased Wire.
.. Vork. Aug. 17.—Thu* Rout hern Pit-
hns declared a dividend of 2% pet
eonimon stoek. This Is the
Karr T■;Glon*| ever paid. The dlvblcnd is
tv' 1 ,M ‘ semi-annual.
1’nelfle has announced n neml-
eonimon
i turn* i ... 1 "’(o' an non i
S"‘ dividend of 5 per cent ~
' Gic regular «-*ml-annunl dividend
'■cut on its preferred stork.
WEATHER IN COTTON BELT.
Texas—Houston. Dallas and Han AntonU
clear and warm. Tyler and tort Wortli
clear and Imt.
Mississippi—Holly Springs. Aberdeen,
Amory, Tupelo and New Albany clear and
^*AiaI»ninn—Montgomery clear and h«it. Mo
Idle and Opelika clear aml.wanu. Helmn
pnrtlv clomly and warm.
deai
By Private leased Wire.
New York, Aug. 17.—The dbdaration of
a dlvblcnd of 5 per cent for the half ycur
on L'nloii Pacific stocks and the nunounre-
meut that Southern Pacific had liccn placed
5 per cent Imais, were the niton lull
ing news which greeted Wall street flf-
teen mlmites after the opening today. This,
with the sensational price movement which
followed, will rank the whole episode ns
one of the most remarkable In the history
of the stock exchange. The utmost that
had Im»cii expected on Fnion Pacific stock
up to the close of business yesterday was
dividend nt a rate of*7 per cent n year,
nnd with some sort of extra distribution.
Instead of this, the stock Is placed square
ly on n 10 per cent basis, nnd the extraor
dinary If not unprecedented fact confront-
<*d the financial community this morning
that Fnion Pacific shares. If measured by
the sice of other high dividend plying Is
sues. was selling anywhere from sO to 60
points too low. lu (he nine of Southern
Pacific, the possibility of readjustment to
the other stocku selling higher and paying
smaller returns was hardly less. It was
small wonder, therefore, that the whole
mnrket should, for the time being, have
been struck with consternation as to what
effect the news should have.
Tin* rest of the market sold off. But
the uncertainty lasted only for a brief
Interval, nnd then came a rush to buy
converging upon the Pennsylvania and “eel
shares, but also extending luto other
quarters.
There was nothing to the market today
nt the opening of the stock cxchauge, ex
cept Southern Pacific slid * Fnion Pacific.
The opening showed a gain on the closing
prices of last evening. Fnion Pacific dosed
fast night nt 162H. Southern Pacific opened
at ttff&IVt. ami iN'tweeu them* figures 4.030
shares were traded lu. It closed yesterday
nt 8246. This morning there continued some
profit-taking 111 the leaders. The genera!
notion was that l'nlon Pacific ami Southern
Pacific were selling high enough on the
basis of the most sanguine expectations as
to dividends. There was n great deal of
dissatisfaction over the fnllnre of the dlrec-
tors of the l'nlon Pacific to announce the
semi-annual dividend yesterday. There was
said to Ihi entirely satisfactory authority
for the statement that the dividend on
l’nlon Pacific common stock hns been fully
decided upon, nnd that poller With re
spect to the dividends on Sontlipru Pacific
common hns also been agreed on.
In some circles It was even claimed that
the dividends ou Southern Pacific would la*
at the rate of 5 per cent Instead of 4 per
cent, ns ha* been commonly reported. The
balance of the umrket movements were Ir
regular.
There was no need of gossip to account
for th« trading movements todsy. The
facts were enough, snd when the official
announcement was made of the declara
tions of the Harrlinnn dividends the trad
ing In these stocks was more exciting than
has ever been noted *>0 the exchange,
t broken —
stocks nt the
rushed to buy for
their own ncoitnt. nnd after them came a
struggle to cover large lines of shorts. The
two crowds becamedtowllng. surging masses
nnd little attention was paid to prices In
the execution of orders, l’nlon pacific rose
8H points and Southern Pacific 6 points,
bet Irby fast stiges.
Next to the llnrrlni-n >stocks the great
est strength was shown In Pennsylvania,
wlib'h rose 3»4. Price changes lu the ma
jority of the stocks were Irregular nnd un
certain. . . ^ .
Government lemds are unchanged. Other
bonds active nnd firm.
LONDON 8TOCK MARKET.
RANGE OF NEW YORK STOCK MARKET
Amalgamated Oonner
American Sugar Refining
Atlantic Const Line
Anaconda
American Locomotive
do, preferred
American Smelling Refining.,
do. preferred
American Cotton OU
Baltimore and Ohio
Hrooklyu Rapid Transit
Canadian Pacific
Chicago and Northwestern
Chesapeake and Ohio
Colorado Fuel and Iron...,
Central Leather
do, preferred...’ *.
Chicago and Great Western
Chicago, Milwaukee and Ht. Paul
Delaware and Hudson
Distiller's Securities
do, p^«lr^V.V.V*V.V.V.V.V.V.V.V. , .”. , ."irr*VI
General Electric./
Illinois Central
American lee Securities \
Louisville nnd Nashville
Mexican Central I
Missouri Pacific..
New York, Ontario and Western
National Lead......
Northern Pacific
New York Central
Norfolk nnd Western
Pennsylvania
People's Gas
Pressed Steel Car
do, preferred
Pacific Mall
Reading
Republic Steel
Rock Island
do. preferred *
Ited States Rubber
do, preferred
Southern Pacific
Southern Railway
do. preferred.
Sloss-Sheffb'ld
Tennessee Coal mul Iron
Texas and Pacific
Fnion Pacific
United States Steel
do. preferred
Vlrglnln Carollus Chemical
do. preferred
Western Fnion
Wn I hi sh
do. preferred
Wisconsin Central .’
do. preferred —
Total stock sale* today 2,529,830 shares. Total sales I n on
Pacific 468,800.
TIPS FLASHED
From Wall Street.
day
» .. .
26 28*4 25% W\k
61 6H{ 61 | 61
lei fie 603,100, Southern
RANGE OF THE COTTON MARKET
AT NEW YORK.
11
n
9.27-29
9.31-82
9.37-38
9.57-58
9.62-81
9.68-69
Closed barely steady.
AT NEW ORLEAN8.
rlvnte Wire to Glbert A Clay.
>• York. Aug. 17.—Mnrshall, Spader
Whatever the market may i|o to
ur tomorrow under existing lu
es we shall consider tile time right
for long commit incuts on any good op
portunity. Wo believe fundamentals are
strong ciiongli to domlunte casual Hi-
ItueiiiH's and hmk Mr good support to the
market and higher prices.
Dcw-Jones A Co. say: "Fnion Pacific de
clared R per cent dividend, payable semi
annually.
Bur Kt. Paul for a turn
The Vlfinueiat Bure in says: Because
the action lu regard to the Ifarrtinnii Pa
cific* a* r« dividends hna been tfostpoms!
I* no reason why the stocks should de
cline. for It Is practically certain that the
dividend on l’nlon Pacific nlll lie raised,
nnd flint the Initial dividend on Southern
Pacific is near. This group Is only one por-
tlon of the stock market, and there arr
nt present no Indications that the Hnril
limn |Mirty has relinquished Its bull ihisI
tlon; lu fuel, we understand scnle-dowti
buying orders will bo met front llnrrlmnn
Interests on extension of recessions. We
think the Morgan Interests may now lake
up their Issues, for g«>od buying bus lieeti
Inking place therein, nnd Morgan broker
age houses of exclusion are bullish
the list. We continue to believe In the
policy of siMM'lalty Improvement, which
seems best In view of the money status,
while ns fo the general list we wonhl
maintain a neutral position, and try for
short turn in stocks that appear vul
nerable. but only selling them when strong.
We would remain conservatively hopeful
is regards the general mnrket.
The declaration of a 10 per cent basis nnd
i 6 |H*r cent basis dividend for l'nlon *'
Mr and Southern 1‘nclfte. whleli nn. .
wild excitement eti the floor, while being
rltlelsed for the manner of disclosure. Is
regarded throughout the street ns one of
he strongest bids for pupllc Investment
nd speculation ever made In the street,
and It Is Indleved that, money (icnulttlug.
one of the greatest markets witnessed will
pfillsed In the not distant future from
|adley of bunking elements In'IiIiuI the
prices.
There Is talk of nn Increased dividend In
Pennsylvania.
Private Wire to Ware A Lelnud.
New York. Aug. 17.—London heavy Vn#
*4<‘ lower. Russian news less reassuring.
New St. Paul stock Issue of $25,000,000
permits holders to subscribe for 23 per
ent nt nnr. At 187Mr Mr stock rights are
vorth 618.25.
Following a weak close, further renc-
flops call lu* expected, although there Is no
doubt of Southern Pacific going on a 4
er cent basis, and that Fnion Pacific dlv-
ileml will be Increased to 7 per cent.
Poppers and Sleds will Iwcome more nc-
.Ivo on greatly Improved trade condition*,
and If sold down can be taken oti, along
Itti Atchison. Missouri Pacific nnd other
nr-prlccd rails and Industrials.
A good bank statement Is cxiicctcd. tint
loney Is held very stiffly.
TO COVER EARL!
Caused a Shall) Upturn in
Wheat at the Opening
Todav.
CABLES WERE STRONG
Sept.
Oct. .
Nov. ,
parity
'lilted States revenue between July 1 nnd
August 16 Increased 69.68fi.79L with no In-
reuse In cxnemlitiires.
Reports of terrorist disturbances from
Russia on an Increasing scale.
Steel sales agents rc|»ort* extraordinary
euru-
deuinml for raw material.
Intel borough Metropolitan Is
ng full dividend oil pi~* *
Stin ks plentll |il III To
Closed barely sternly.
Anaconda.. ! . 1 . . TT
Atchison
Cnnifflfan Pacific
Chic.. Mil. and St. Paul.
Krte
Illinois Central
Louisville nnd Nashville.
Reading
Pennsylvania
Southern Pacific.. . . .
Fnion Pacific
(’lilted States Steel.. . .
do. preferred
mmm
.ilMWIMHIt#':
. lxi iirr-'iint*
BEARS CONFIDENT
OF LOWER PRICES
Ni-w York. An*. li.-Tho Ron «ny«:
Cotton rallied from an early decline, and
euded at about the closing prices of n ed
nesday. The recovery was traceable large
ly to covering of shorts ami more or less
new hiiylttg on the theory .that a rally
was due after the severe declltl; and dras
tic liquidation of late, especially ns the
short Interest Is considered large.
pi*d sent mane what better rttlvli
expected, and the market here <
shade higher. But leading In term
sold freely, and prices whiii weakened nml
declined with room traders sidling. Spot
interests sold, too. and the South sent
large selling orders. The weather was fa
qiened
COTTON REGION BULLETIN.
For the 24 hours ending at i a. m., 7
nieridlnii time. August 17. 1906.
Huntsville
and Tint. Mol die cloudy and hot.
Georgia—Macon dear nml hot; nan
yesterday afternoon. Americas rloa
warm. - Albany clear and hot. A
partly cloudy nnd hot.
North (7irollnn—Greensboro clomly and
cool; good rain Inst night. Charlotte
partly cloudy awl pleasant; hard rain yes
teniay afternoon.
WEATHER IN WHEAT BELT.
fintmn. Nnrlhwmt—■Unn-rnllT f "lr. *fHI>
rising temperature; 42 to 64 above.
Sort Invest—Flea r, generally warmer;
71 above. . „ , ,
West am! Southwest—Generally clear and
continued warmer; 66 to 74 above; now rain
ing In Oklahoma; local rains In Iowi
Missouri nnd Illinois.
Ohio Valley—Generally
above; local rains.
WEATHER FORECAST.
Cmruiii. 'VMti'rn Horl.ln nml Alnlmmn—
I m nl rnln« nml thiimlnralormn 1 rhlny nml
Hamnlnr: , win*'., imwtlr, *'’"' h - ....
Inmlnlnmi nml
Prlilny and d.turday; llifht wind.. nm.ily
"llnnt Texita—Fair Friday nal JSlInrMr:
nmier In northeast portion trldoy; light
Western Texas—I^s*al rnlna Friday nnd
H Arknnws-L«K*nl rnlna Friday and Satur-
dny; warmer In western portion krtday.
eleor; 70 to
GIBERT & CLAY
" *• *T. COTTON. OR AIN. ATLANTA. OA.
correc. provision*
£ K sS SIS SHSIsSws
L . 1-rtTRte Wlre.to.ll Cuba dim. - AfsAN u.nan.r.
tnd Lena DltUnea Ttltphona 529S. W. R. FAGAN, Manaoar.
STATIONS OF
ATLANTA
DISTRICT.
•Atlanta, dear. . .
U'hattnnnoga, dear.
••( ’oltunbus
Gainesville, clear. .
Greenville, cloudy. .
Griffin, dear. . . .
•Ma 1*011, p. cloudy. .
Mnuticolio, dear. . .
Newnnn, dear. . . .
itwine, clear
Spartanburg, cloudy.
TnllnjMN»*n. clear. .
Toccoa. «*lcar. . . .
West Point, dear. .
•Minimum U*m;»eratiires are for the
hour pcrbsl ending nt 8 n. m. this dnte,
••Missing.
HEAVY RAINFALLS.
Charlotte. N. C„ 1.62
llotdenvlllc. L T - 2-00
CENTRAL
STATION.
|||
AS|
liar legit *i
Galveston
Little it*
Memphis. . .
Mobile. . . .
Montgomery.
New Orleans.
Oklahoma. .
Snvniinnh. ....
Vicksburg | 13
Wilmington
Dlst. Averages
IjJ
m
I 72 i
^ Indicates Inappreciable rainfall.
REMARKS.
. „e tcmi»erntures
the prevli — -
— higher than for
!4 h*Mirs In all district*. Light
urred In nil portion* ,»f tic
hie In the main, and the crop reimrts
were of an encouraging tenor, ns a rule,
though some complaints of Insert damage.
ah Aiding, etc., w— *—'
southwest, latter — - « ...
owing to (iivcrlng by shorts. Including
some of the more prominent luemlH'
‘le lw»nr pat"
ss buying
by those wh
entitled to, ... — .
a view lu which even some of the bear*
concurred. There arc few, however, •
have faith lu more than a moderate
coverv, nnd even that uiav not occur. The
weather nnd crop reports are so very gen
erally favorable that the bears nrc ap
parently as confident as ever that tin* mar
ket must decline to n lower level. —Glbert
A: Clay. %
New Orleans, Aug. 17,-sThe Times Pern-
•rnt: "On the surface, the talent gave
but a passing thought to the development
of a distinct note of pessimism lu some
of the cotton field reports and n further
decline was recorded, though a mld-sesslon
reaction caused the recovery of part of
the loss and checked the rampant entliusl
On the whole, professlonale appear
bearish as ever, and the
Just nliout
small coui|
Ing recruits slowly
noiigh. Just
Ill be eneonntetwl Is
one of the darkest secrets of the cotton
trade, but It Is fully probable that once
Americans cense deluging Llverm*d with
onlets to sell the stuff the foreign mar
ket will evidence some kind of
tbinary tendency. T
dents of the staple , „
conditions to exert n beneficial luflucii
on speculative values for the reason that
basis broadening factors are now nt work,
nnd none but rmHcals Mleve the Interior
will follow option fluctuation* # bi» lim
it of speculative endurance. Should the
farmer again stand pat. the nhont faro
will come lu short order solne day. but
meanwhile selling the other man’s proper,
ty Is a*very entertaining little game, nbd
if la not worrying anylssly either. —Ware
ic Iceland.
COTTON 8EED OIL MARKET.
,, .. „ s»
September..
October.
November
December
January
I steady.
NEW YORK COFFEE.
New York. Aug. 17.—Tin* coffee market
opened nt a «ncllnc of 6f/l0 point* nnd
cased off still further on one or two |*mI-
lions during tin* forenoon, and itt midday
were* 15 points net lower. Tin* decline
wn* due to tin* reactionary tendency of
the European markets, which III turn was
thought to nrlse from tin* disappointing
showing of the primary markets. Tra* l ‘‘***
here was much less active than tester....^,
and sales for the first half of the session
were nlmut 14.fl»rt bug*.—Glbert A (May.
Following were the opening range and
close In the New York coffee market
dny:
Opening
Range, (’lone.
7.21 7.25-7.39
.. ..7.25-7.30 7.30-7.16
. ..7.35 7.15 7.40
.. ..7.40-7.50 7.40-7.45
.. ..7.60 7.45-7.50
, ...7.50-7.60 7.50-7.55
.. ..7,55-7.69 7.56-7.60
. .8.95-7.06 6.U.V7.00
.. ..6.9-) 7.00 ff.W 7.00
. ..6.95-7.00 7.00 7.10
.. ,.7.00-7.15 7.10-7.15
,. ..7.15-7.20 7.16-7.2)
Stocks tilenlllul lu loan crowd.
Gain of banka from sub-treasury imrtlnl-
- offsetting loss lu St. Isuits ami other
licnt.
Ive Industrials deellmMl .36 |u*r cent.
Twenty active railroads dveltiuHl .71 |K*r
cent.
.Shipments From Argentina
Small, Which Were Addi
tional Influences.
By Private Leased Wire.
Chicago, August 17.—Wheat wa« Ir
regular and unsettled. It was up early
and down before the close. Long hold
ings came out freely on all hard spots
to develop. The close showed declines
of 3^8 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 hero were 18,000 bushels
wheat, 90,000 corn, 120,000 oats. At
the seaboard eleven loads wheat, nine
teen loads corn and 200,000 bushels
oats.
Clearances for the week: Wheat,
2.8/7,000 bushels and corn 623,000 bush
els. compared with 1,064,000 and 1,177,-
000 bushels, respectively, a year ago.
Many of those who bouglif early Were
sellers late. The volume of trade wps
larger In nil the pits. The weakness
In corn was against the wheat price.
CHICAGO GRAIN MARKET,
FUJ-ngo grain and pm visions quotations
Previous
for today follow;
Hejit..
Dec...
Hept
Dec
May
OATH—
Open.
1 -
MI Kb.
Low.
70f4
7SY f
774!
2!»
TTti
S'
4*«A
47
43%
U\
14%
B
m
a
33%
3384
32%
May
PORK-
Hept... 17.05
Ja«.... 13.50
LARD-
Kept.. 8.70 8.70
Oct.... 8.77',i 8.77*4
Jan.... 7.*7H 7 .to
HIDES—
Hept.. 8.97V4 8.97 V4
70*
m
70}k
73)i
n%
U4
8.87^4 8.90
8.70 8.70
7.22V4 7.12
8.70
8.75
7.09
8.96
8.77J4
7.27S
Jan.... 7.2254 7.2254
CAHII WHEAT—
No. 2 rwl 7D**f/72: No. 3 do 7054671: N<
bard winter 70*Af/7054; No. 3 do 6054670*4.
LIVERPOOL GRAIN MARK8T.
March
April
May...
June
July
August .
September. • •• •<
October
Novemlmr ,
December
('lotted steady.
GIBERT & CLAY'S
DAILY COTTON LETTER.
New Orleans, Aug. 17.—Liverpool ndvlces
were very immerou* and were of otic ac
cord In favoring a lower range of vuliics,
owing fo the Kpleudid crop prospects, the
lack of demand for spot cotton ami the
free offering* of both British nnd conti
nental Interest*. Option* closed 1 to 2
points down, while *|Mit transactions were
quoted 5 point* lower, sale* 5,000 Itnle*.
Opening price* were uniformly lower,
fully re*|Nunllug to the prevailing Influence*
“ ItenrlMli character, but later nml up to
time for the l**unm-e of the Glle* re
port the market recovered the greater part
ATLANTA MAFKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit as4
Produce exchange.
Lentous. $4.75*16.00.
Limes 60 to 75c.
Peaches, per crate. 61.oofH.50.
Plneoppler, $1.50 to 62.50.
Bauiimi*. straight*, j-*" Imoch 81.50 to
11.75. Cull*, per btiuvti, $1 to 61.26.
Wntermelo**. 17.50 to 620.00 per 100;
mnnd goml.
POULTRY AND COUNTRY PRODUCB.-
Llre bell* 35 to 37*,ic; fries 22^ to Av:
broiler* 15 to 22V4c. Lira ducks, Paklfi 38
to 85c; puddle 26 to 27*40.
Dressed hens, per lb., 12c to 18c.
Egg*, per doxen, 20c.
Butter, table, per lb.. 20 to 22Hc; cook'
012c.
oney-
tflOc lb.; In Mb. racks 10
eiMirted hea
of the morning'* toss ou the . „
buying 111 New York, which caused nervou*
abort* to cover freely In anticipation of n
further reaction. The Glle* report for the
half month gave the condition nt 82 ngnliiMt
82.7 on the first of the month, nnd there
then ensued eon*blernble bearish activity.
lie bullish. ,-—5 -
iwlng of mnrket prices, con*blernble noth'
Instituted, bringing with It the
are looked for.
SOUTHERN EXCHANGE
Oldest Established Office South.
conoi—slows—bonds—griii
Ground Floor Gould Building. Dally
market letter nnd mnrket manual
mailed on application.
Chicago Inter-Ocenr
wheat yesterday entm -- - — - —
for round lots of r«*)l and hnril winter
from the eastern sealmaril snd from mill
er*. Most of the bid* were $40%c out of
line. Imt *nle* (n nit position* were 190,-
000 bushels Including 170,00U No. 2 red. 1ft,-
OW No. 1 northern nt equal to 4%e met
HoptemlMW lu store nml 10.000 mlxetl Iota.
Hnlei
at the *cnl*>nrd.
Export bu*lne*s In
IMMiaildy more, n* *»
IMirto*!. There wn*
lOO.ffW <Mtts.
250,000 and oat* 70,000
rhefit wn* 200,000. nnd
|«.* were mft nil re-
nlso 80,001 com nud
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RCFCRKNCC, THE NEAL DANK
PHONE HIT. PRUDENTIAL DLDC
Ktw Or ft mi.
corroN^GRAm, ^rovisTonS.Htocks^ BONDS,
flo. 2 Will St.. Often Ballilaf, Atlanta, 0a.
|x*lt except 111 the Mobile district. A heavy!
rainfall was reported nt Fhnrlntte, N. F„ I
aiiid nuoth-r at Iloldenvllfe, I. T.
Ihtrcmi Coilea Aitatjatfaa.
hhate Wirt% la Hem York, Hew Orleans, CkUaqa.
Hell none 12(2.
Hem fork Cellee Cnckawft.
f. C C01HHAH, Vanamt.
Staa4er4 rkane 283.
VEGETABLES.—Irish potatoes, Na 1
stiN'k, |2.5u barrel; |»er bushel, 9rt«*.
tin Ion*. 61.50 bushel: cnhluige. 2c poutul.
new sweet potatoes 61.50 bushel.
FLOUR. GRAIN. PROVISIONS.
FLbUIt—Postds Patent. 86.00; Diamond
patent. 65.50; Maseoutnb Htnr, 84.65: fancy
patent, 84.65; Iteil Engle, 64.40; Blue Itlbboi.,
I4.0UJ fancy, 63.90; spring whe-ut patent, 65.26
COilN—Choice red -ob. 76c; No. 2 white,
ISe; No. 2 14c; mixed,.73c.
Hltort*. white. 61.5", iinejliiiu. 81.40; brown,
61.65: pure bran. 6110; mixed hrnu. fl.05.
IIA\.—Timothy. *.*U«nce large b-les, 61.10:
do, choice small bales, 61.05; do, No. 1
timothy mile*, 61: do.. No. 2. $1: do., No. |
clover mixed, 6L00; do. No. 2 closed mixed,
W OLOVr.ll.-Cholo« »•
Tta, alKirr prlci-» nr, *. n. b. Allnall, tad
■ubject to Immediate *rreptnnce.
GROCERIE8.
SUGAR—Standard Brnnulntrd, 15.20. New
York Refined, B'q; plantations, 6V4. Mnrket
very strung
COFFEI’T—Roasted Arhuckle's 616.50,
hulk, lu iNigs or barrels, 18c; green, 10 tu
12c. Mnrket strong.
RICE.—Caroling 4V4 to 7V4c, occordlug to
grade. Market very strong.
CHEKHH—Fancy foil cream dairy, 14%c;
twins 14c: brlek. He. Mnrket strong.
PROVISIONS— Supreme hnin*. 15<*. Dove
barn* 15Hr. California ham* 10^*e; Red Cross
ham*. 15**. Dry Halt extra rib*. |9>7; bellb**.
Wheat—Opened higher; at 1:30 p. m.,
^•'i<* higher; dosed %(f%c higher.
Corn—Opened uiirhaiigml: at I:3U was un-
hanged and elop'd '4<* higher.
NORTHWEST CARa
The following flgnvua give the northwest
ears today, Inst week nud Inst yanr:
’ ‘ ‘
PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat nml corn:
Wheat—Receipt* today 684.0W bushels,
against 696.000 limdnd* Inst rear. Shipments
tiHlnv. 239.000 IuinIicI*, ngnfuHt 457,000 bush*
el* ln*t yi*nr.
Corn—Receipts\ tmlay 199.000 biwhela.
nagliiHt 508,000 bushel* hist yeur. Hhiptiieuta
today 444,000 bushels, against 467,000 bushels
last year.
THE SUGAR MARKET.
By Private Leased Wire.
New York. Aug. 17.—Local refined nnd
raw sugar unchanged. London beet Arm:
August up 1H to 944<l; Kept ember nip
to 6s ll*4‘l
CRUDE OIL QUOTATIONS
By Private Leased Wire.
Pittsburg, Aug. 17.—Credit balance quota
tions for crude oil of the various grade*
are: IVuiiNvIvnnln 168. Ttonfl 168. Richland
17*. Hccoaid Hand 158. Newcastle 135. Corn
ing 119. CalM*ll 118. North Lima 92. Prlm-e-
ton. Inti.. 69, Hoiith Limn 87, Indlnua 67,
Hmueiscr 87. Unghin 60. Cusey, Ills., 69,
Knnsn# nnd Imllnu Territory 42. *
THE DRY GOODS MARKET.
New York. Aug. 17.—An active jobbing
trade wn* reimrtnd today, and especially
In domestic ores* goods “—**
hams were advanced '^c
nally ndvanelut prices nt .
raw silk market. Trade at first hand*
showed some halting In sympathy with a
20-5 lb*., 610.50; fat barks. 8c; plates. 8e;
Hunreme lard. 10.75: Red Croo*. 10c. Snow
Drift com|Hjmid, 7%c; Red Cross, 7%c.
CAPITAL, SURPLUS AND PROFITS
OVER ONE M6LL80N DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world. *
TilOH. J. PEEPLES. Cashier.
JAH. G. LESTER. Aw't Cartier.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... 6500,000.00
ACCOUNT* INVITED
Wc Invite accounts of individuals, corporations, banks
nnd bunkers nnd offer the best terms consistent with
conservative banking.