Newspaper Page Text
t
THE ATLANTA GEORGIAN.
FRIDAY, AUGUST 17. 1908.
EDITED BY f _ T T _ ” ‘ ' — ~\ tfr
| josephr-uvbltL THE GEORGIAN’S RECORD OF MARKETS AND'FINANCE B
Lively's 25 years’ experience
«Hllttncr markets In AtlfiQta and
South has tande him ■ rec
ognised authority In bis specialty.
ftT 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.
Br Private Ufltnl Wire.
>>« York. Ana. 17.—The cotton __
MH-ned weak nun fltftio points flown on the
hrcnk In tbo Liverpool market nml stop-
|.«* wiling. After the mil. the list show*
fi! a «IliiM*Hitlou to sternly n ..itle —
•ring. #
The i
Ne« Y.... .
lagging n ffnlr.
Liverpool furnished the cue. early nd-
tlr.w from thnt center showing decided
tenkness In both spot nnd futures lit the
start. though i»nrt of the decline wus re-
t the close, whh*b whs unchanged
Hpot was quoted 5
A»r middling.
the Influence >i Liverpool* weak'
NEWS AND GOSSIP
Of the Fleecy Staple.
■,.(««. New York
i t decline " . ....
night occasional rallies prices continue*]
il.muwnrd throughout the session, large
Mock* of all positions being offered ou u
•ndc down.
Hiss tllles* condition report of 82 was
ritltoiit Htlmnl.illni; effect, the tterfeet
offsetting It.
nclti"
yv
ami Including toflny.
n mount
of 1905-1906.
At the close, prices showed ileelli
fruiu I* to 24 points lower, as rerun.. ..
witii yiKtcnlny’s close, August selling below
tin* 9c mark.
pared
Prh-nt, Wlr, »o <I1lx>rt *■ riny.
V. , u \.‘! rk * 17.—Liverpool opened 2
flown. \\n* expected lft{i2 up.
I.lrcrpool says: “At the opening, nothing
offered; market steady, owing to good re-
j>ort# ft,w New York. It was affect at
unfavorably l»y selling of Egyptlnus and
prominent tlrm selling and showing reports
!i* /‘ ro t D l»fosm*cts splendid.. ItuyTug very
limited, t outtnciit Kfdd very freely."
* rice has taken advantage of the mis
cellaneous short interest In Octolier, and
*" •'—‘ larket.
basis fast few days,
bales of spot! _ _
The Journal of Commerce says: *’Buyers
In the primary market were less eager for
goods for the day. hut the relative falling
otr (a trade was not as large as some fac
tors looked for in the face of advancing
prices * • - -• - *
cotton
f :olng „ „
ng the apt warsnee of goods that a
scum*. The trading Is limited In many
directions by the inability to secure gmeis
for quick delivery, nnd there are many
things that show that large quantities
of goods will be wanted before the first of
Oetolier."
New Orleans. Aug. 17.—Liverpool 3 dowu
ml."
.Jew York wires: "Crop conditions ex
cellent: looks like a bumper. Spinners lu-
Kxpeet much lower price **
differeii
eot .
cflng by sntlsllffl shorts causing
steadiness. * Market does not look healthy,
nml lower prices are expected.
New York wires: "No pressure here to
day; feeling Improving; good Mpot business;
imv covering would give sharp rally; think
ripening for same: looks like Price Is a
big buyer." ’ ,
Today's map Is all that could be desired—
lenr and dry with one or two exceptions
in the western belt, nml nltorunte cloudy
atul clear, with alto worn an the coast lu
astern states.
• weakness of Liverpool nml such
callout weather conditions should strongly
I mine nee lower prlc
Mitchell offers 6,<n
Room trailers an . .
market on Miss Giles’ re|H»rt
MOTION
Declaration of Dividends on
Two Pacifies Caused
■ Excitement.
ORDERS WERE TO BUY
Sensational Advance in Un
ion Pacific the Result.
Others Irregular.
Jamuiry nt 9.43.
trying to break tl
. report on the them.
thnt considerable cojttofi bus Imcn bought
In nutlclpiitloti of It.
In sight for the week, compiled by Super-
Intemleiit King. New York. Is 56.898. against
For
>n 10,937,815,
SPOT COTTON MARKET.
Atlanta, quiet at JOftr.
Now York, steady nt 10.20c.
New Orleans, iiulet nt 0 15-lGc.
Liverpool, steady nt 5.61d.
Augusta, quiet nt lOftc.
Siviinnnh. easy at 91116c.
St. Louis, dull nt lOftr.
Charleston, steady nt 9ftc.
Haltlniore, quiet at lOftr.
Norfolk, inlet nt 10*ic.
Boston, steady st 10.50c.
Houston, quiet nt 10c.
Galveston, steady iu 10116c.
Wilmington, nominal.
LIVERPOOL COTTON MARKET.
Liverpool. Aug. 17, 12:15 p. m.—Cotton,
HH>t business moderate, with prices easier;
tMdllnr uplands 5.5lil: sales 5,000; Amer
ican 4,800; speculation nml export 600:
receipts 2,000; American 200. ,
Future* opened steady.
Opening
fcl-r.-Oet.. .
Oct.-Not. .
Nov.-Dec. . .
hoc.-Jan. .
Jan.-Feb. .
Feb. March.
March-April.,
April-May. .
Previous
Close.
-.5.28 5.25 6.27 5*27
.5.35-5.21 5.33’ 5.23
..5.18-5.14 5.15-5.18 5.16
..5.17-5.13 5.14 5.15
.5.18-5.13 5.14-5.15 5.16
.6.20-5.16 5.15 ' 5.16-517
,.5.21-5.19 6.185.17 6.18
.5.21-6.19 5.18 5.19 5.20
. .5.24*6.19 6.18-5.18 5.22
.5.256.20 6.21 5.23
Private Wire tf» Ware & Lelnntl.
New York. Aug. 17.—Liverpool opened
quiet 1 up on near: 2 up on lute. At 12:15
p. ui., 2 to 3 down nnd easy; sales »,000;
apots 5 flown nt 5.8ld. Futures were flue
tf» come 1($2 up.
The New York market Is flail hut very
sternly. There has been enough buying
to take scattering offerings oft the market.
Seems to have a better tone. Look for
some rally, but until conditions change
would sell on bulges for scalp for the time
being.
Lcsser-Goldmau Cotton Company, St.
Louis; "There Is very little change to re-
I fort In conditions jin far ns Missouri. Ar-
;nnsns uml the northern portion of the In
dian Territory are concerned, excepting
thnt we Imre again had an excess of moist
ure. Thts has given rise to complaints
of tfw> rank growth of the ‘weed* and a
stoppage of fruiting. We do not look upon
this at all seriously, as there Is enough
fruit now on the plants, nml
enther. permitting msturlty.
CHICAGO CAR LOT8.
Todajr Tomorrow.
TODAY'S PORT RECEIPT*.
The following table shows receipts it tbs
f »r»« today, compared with tbs same day
it year:
INTERIOR MOVEMENT
Sfanpiiu.
PRICE OF COTTON
SHOULD NOW GO UP
•fMnl 1,1 Ttlft Oran,,Inn.
Aa,ii,f a> Any. 17.—"Tht* priea rtf cot*
SSL", a* W non- n* it Diljrii!
•‘I'l M. n'Dowtl yesterday, when asked
a.L"" yphilon on the cotton question. Mr.
OJDowtl is the oldest man on the cotton
"nd ho declares that the situation Is
klsh”*' nnd thnt tlie price ought to go
•I <!.'»
I'-ri In
M'lunl
... believe
It Is to the advantage of the growing crop.
As Indicated In former letters, the cotton
crop In the territory named has developed
very satisfactorily during the end of sum-
luer, and --prospect* for a grind out-turn
atm haM ***) at thla wrung. '
New Orleans. Aug. 17.—huorts are tak
ing profits freely, nml the market U steady
In consequence. Hulls are ottering no
sup|M»rt. although tmth New York nml Liv
erpool have Ih*vii wiring hulllsh messages
Liverpool cables: "The market Is depress
ed In consequence of bear movement*.
NVentber map Is favorable. Little rnlu
nml moderate temperatures are shown
By Trlrnte leased Wire.
New Y'ork. Aug. 17.—The declaration of
n dividend of 5 per cent for the half year
Union Pacific stocks ami the nunounce-
ment that Southern Pacific had been placed
i 5 per cent hash, were the Astonish
ing news which greeted Wall street flf-.
teen minutes after the owning today. This,
with the sensational price movement which
followed, will rank the whole Episode ns
•ue of the intist remarkable In the history
of the stock exchange. The utmost thnt
hnd been expected ou Union Pacific stock
up to the dose of business yesterday was
dividend nt n rate of 7 |>er cent n year,
nml with some sort of extra distribution.
Instead of this, the stock Is placed square
ly on n 10 per cent basis, nml the extraor
dinary If not unprecedented fact confront
ed' the financial community this morning
thnt Union Pacific shares. If measured by
the also iff other high dividend ps>Jng Is
sues. was selling anywhere from *.0 to CO
points too low. In the case of Motithcrn
•Pacific, the possibility of readjustment to
the other stock* selling higher and paying
smaller returns was hardly less. It was
small wonder, therefore, thnt the whole
market should, for the time being, have
Itoen struck with roimternntton a* to what
effect the news should have.
The rest of the market sold off. But
the uncertainty lusted only for a brief
Interval, nml then cm«« a rush to *»uy.
converging upon the Pennsylvania nml ;>.eol
shares, but also extending Into other
quarters.
RANGE OF NEW YORK STOCK MARKET
Amalgamated Conner..
Amerlenu Sugar Ilefinli
..efiliing
Atlantic Coast Line
Anaconda
Amerlenu locomotive
do. preferret
A merles ti Smelting Refining
do. preferred
uiiuiuiorc mm
Brooklyn Rapid Transit
Canadian Pacific. .T.
Chicago and Northwestern x
Chesapeake and Ohio
Colorado Fuel and Iron
Central Leather
. do, preferred
Chicago nnd Great Western
Chicago, Milwaukee and St. Pnul....t
1 tela tvare and IIudsoo
Distiller's Securities
do, preferred*. “**
.Missouri I'acinc
New York. Ontario and Western
National Lead..,,,.,
Northern Pacific
New York Central
Norfolk and Western...,
*'eunsylrsnla
'eople’s Gas
Pressed Steel Car
do, preferred
Pacific Mall
Rending
Republic Steel
Rock Island
do. preferred......
United states Rubber
do, preforred
Southern Pnelflc
Southern Hallway
do, preferred
Sloss-Shefflchl
Tennessee Coal and Iron
Texas and Pacific
Union Pacific
Vlrglnla-Cnrollnn Chemical
do, preferred.,..
Western Union
Wabash
do. preferred..
Wisconsin Central
104m lrt6‘4| 105541 UK*,
llim 144 f 143*41 142
136«,| 127 I 1«7 136)4
“8*4| 159)4 259yJ 25s»4
!■ * 69)4 «H*4
31 32*5
187*4 H6
the cot Mil licit.
Houston up to date
of new cotton.
clvcd 26,635 bales
THE WEATHER.
LOCAL FORECAST.
STATE F0RECA8T8.
Georgia—Fair tonight; local rains Sntur-
* "iJuth Carolina—l^)cal rains tonight and
Saturday.
A tuba tun—Fair tonight nnd Saturday.
WEATHER CONOntON8.
Fair weather continues nt most stations,
but showers have occurred In the past 24
hours In tlm Ohio valley, on the south At
lantic const and nt scattered stations lu
the west. As n rule the amount of preelp-
Ifntlon Is light. Thunder storms occurred
nt quite u number of stations during Ihura
Tie* ^pressure continues tint nml sluggish
f movement. The bnrometer la. highest
fur New Fiiglnml and lowest In Montana
ivl on the coast of California.
An n rule the temperature h»» changed
but little. ... . .
Tlu» conditions favor tin* development of
local thunder showers In thla section to
night nml Haturdny,
WEATHER IN COTTON BELT.
exas—Houston. Dallas nml San Antonio
clear and warm. Tyler nml Fort Worth
clear nnd hot. ...
Mlsslsslnpl-I lolly Spring*. Aberdeen,
nmry, Tupelo nml New Albany clear
hot.
:
Veaterdsy
9eerjr i|mnm m jvw* *«»r ■hiiiuii»h>
iiate Iowp tl,nM tho P”®® ,n8t nt
DIVIDENDS DECLARED
BY TWO PACIFICS
Private T^nsed^Mre.
• en York. Ang. 17.—The Southern Pn-
rfecfnrsd a iffvfdend of pef
J’ 1 "ii Its common stock. This Is the
"V'llyl.lDnd ever paid. The dividend is
TsI !•". semi-annual.
*'»•*“ Pacific has announced n semi-
itJo,' 1 **t\ blend of 5 per cent on common
Mark r
“ 1 I"*
•d the
' ••ent i
AlalwiWW—Montgomery clear nnd hot. Mo
bile and Opelika clear am warm. Selma
partly cloudy nml warm. Huntsville dear
uml not. Mobile cloudy ami hot.
Georgia—Macon clear and hot; hard rain
yesterday afternoon. Americas clear and
warm. Albany clear nml hot. Atlanta
pnrtlv cloudy uml hot. .
Sarth t'nrollnn-tireouahoro fJoiid.v nml
cool; good rain Inst night. Charlotte
partiv cloudy nml pleasant; hard ruin yea-
terday afternoon.
WEATHER IN WHEAT BELT.
Extreme Northwest—Generally fair, with
rising temperature; 42 to 84 above.
^ Northwest-Clear, generally warmer; 68 to
‘Nvest' n’ml Southwest—Generally clear and
continued warmer; 66 to 74 nlmve; now rain
ing In Oklahoma; local rains In Iowa,
Missouri nnd Illinois. m
Ohio Valley—Generally cleor; «0 to 72
above; local rains.
WEATHER FORECAST.
Georgia. Western Florida and Alabama—
Local rains and thunderstorms Lridity nml
Saturday; light winds, mostly south.
Louisiana and Mississippi—Local rnlna
Friday and Saturday; light winds, mostly
“r.nll't T»»»-P«lr KrMnr nal
warmer III northeast inirtlon kriday; light
^^Westeni Texas— Iswal rains Friday nml
81 rnln, Fri.lujr «nrt Kntur-
,1b/; wnnut-r in wonlern portlou Fri.Ujr.
cept Southern Pacific and Union Pacific.
The o|H*nlng showed n gain on the dosing
iirlee* of Inst evening. I nlon Pacific dosed
last night nt 162%. Southern Pacific op4*iu > *l
it 83ffSS%, and lietween these figures 4,000
shares were traded In. It closed yesterday
nt 82)4- This inonilng there continued some
profit-taking In the leaders. The general
notion was thnt Union Pacific and Southern
Pacific were selling high enough on the
basis of the most snuguYne expectations as
to dividends. There was a great deal of
dissatisfaction over the failure of the direc
tor* of the Union Pacific to announce the
semi-annual dividend yesterday. There was
said to be entirely sntlsfnetorv authority
for the statement that the dividend on
Union I*ne»fle common stock has been fully
dedded ut>on. nml thnt policy with re
spect to the dividends on Southern Pacific
common has nlso l*een agreed op.
In some circles It was even claimed .that
the dividends on Southern Pacific would be
nt the into or 5 per ivnt Instead of 4 per
cent, ns has been commonly reported. The
balance of the market movement* were lr-
•gular.
Then* was no need of gossip to nceounf
for the trading movements today. The
facts were 'enough, and when the official
announcement was made of the declara
tions of the llnrrlmnn dividends the trad
ing In these stock* was more exciting than
has ever I men noted on the exchange, ex
cept In times of imulo. Many brokers had
order* to buy lrt.OW of th**se stocks nt the
market. Room traders rushed to buy for
tlielr own ncoiint. nnd after them came a
struggle to rover large line* of shorts. The
tw<* crowds became howling, surging masse*
nnd little attention wns nnhl to prices in
the execution of orders. Union Pacific rose
8)4 points and Routhern Pacific 6 (mints,
lietb by fast st*iges.
Next to the IMrrlm-n stocks the great
est strength was shown In Pennsylvania,
which rose n*/*. Price changes In the ma
jority of the stocks were Irregular nnd un
certain.
Government Itonda are unchanged. Other
bonds active nml firm.
RANGE OF THE COTTON MARKET
AT NEW YORK.
All*. . . . .
Sept. . .
Oct
Nov
Dec
Jan
Feb
March. . . .
Ill
9.49-41
9.27-29 9.45-47
9.31-32 9.6f*-51
9.37-3H 9.57-6H
IPP9.41-45 9.62-61
9.471 9.47-48 9.68^9
Closed hardy steady.
AT NEW ORLEANS.
TIPS FLASHED
From Wall Street.
By Private Wire to Gtbort & Uloy.
New York. Ang. 1?.—Marshall.' Hpnder
A- Co.; Whatever the market may do to-
toni'
we shall
comuilttuciits
under existing ...
uislder the time right
port unity. Wt* t»dleve fumlnmentnis are
strong cnotigh t>, dominate cns'.inl In-
Uiiemvs and look for gissl support to the
market and higher prices.
Dow Jones ,V Co. say: "Union Pacific de-
clarcd 5 per cent dividend, payable semi
annually.
Huv .^t. Paul for n turn
Thu r'lccuclnl Bureau says: Because
he action In regard to the llnrrlmnn Pa
nics its to dividends has lieen postponeJ
s no reason why Hr* stock* suoiild de-
•llne. for It Is practically certain that the
dividend on Union Pacific will he raised,
nnd that tin* Initial dividend on tfoutheni
Pacific Is near. This group is only one por
tion of the stock market, and there are
nt present no Indications that the Ilarrl-
mnn !*nrt,v has relinquished Its bull imisI-
tlon; iu fact, we understand scale-down
buying orders will lie met from l(nrrlni:Mi
interests on extension of recessions. We
think the Morgan Interests may now take
up their Issues, for good buying has been
taking place therein, nml Morgan broker
age houses of exclusion are bullish on
the list. We routIiiup to believe In the
policy of s)K-clnity Improvement, which
seems best In view of the money status,
while ns to the general list we would
mnlutiilii a neutral position, and try fdr
short turn iu stocks that appear vul
nerable. hut only selling them when strong.
*** would remain conservatively! hopeful
i 5 per cent basis dividend for Uul<
IWc and Southern Pacific, which
wild excitement on the floor, while being
rltlclscd for the manner of disclosure. Is
cgnrded throughout the street as one of
.he strongest bids for public Investment
nml speculation ever made In the street,
and It Is Indleved that, money tiertnlttlng.
of the greatest markets witnessed nrfil
realised In the net distant future from
the policy of huukhift elements behind the
TO COVER EARLY
Caused a Sharp Upturn in
Wheat at the Opening
Today.
CABLES WERE STRONG
Shipments From Argentina
Small, Which Wore Addi
tional Influences.
prices.
rlvnte Wire to Ware A Inland.
New York. Aug. 17.—Loudon heavy *,
*4«* lower. Rasslnii news loan nmnaming.
New t*t. Paul stock Issue of
•milts holders to suliscrilie for 23 per
•nt nt par. At 167*4 for stock tights nr«
Iflc going on a 4
** ‘ Pacific dlv-
1
O
|
9
J
II
|
U
jji 1
A
Kept
Get
Nov
Dee
Jan
Feb
March. . . .
9.40
9.35
'9.88
9.44
’ 9.M
9.40
9.4!
iLii
9.50
H. 62
9.40
9.21
9:23
9.27
Q.VI
9.40
8.21
i)!^
9.28
■9.40
9.27- 29
9.21- 22
9.22- 24
9.23- 24
9.28- 29
9.40-41
9.50 61 **
9.43-44 .
9.4146 1
9.45-46
9.52-68 11
9.57-59 .
9.65-66 1
1.
Closed bn rely steady. 1
BEARS CONFIDENT
OF LOWER PRICES
LONDON 8T0CX MARKET#
^KTOf’K—
Anaconda.. ! ! i TT
Atchison
Canadian Pacific
rhi**.. Mil. and Mt. Paul..
Uric
Illbiol* Ucntral
Louisville nml Nnshvllle.
Reading
Pennsylvania
13 pmlUloalClos
livjuifipjiry
1^\ P7’4 l.V
r.HI 434*! V
S Hie rot tv
Si 1 f dtwllno was
6^)4 lS^lP’IV r ‘ ,|l ‘* t, ° 11 ' ,:n
SS.M
ended at about the closing prices of Wed
nesday. The recovery was traceable large
ly to covering of shorts and more or less
new buying on the theory that n rally
wns due nffrr the severe deelli^* and dras
tic liquidation of late, especially n* the
short Interest Is considered large. Liver
pool pent somewhat letter advices than
expected, nnd the market here opened a
shnde higher. But lending Interests again
sold freely, and prices soon weakened an
declined with room traders selling. H|m
Interests sold, tn»i. nnd the Mouth sen
large selling orders. The weather was fn
voral.le In the main, nnd the crop reporta
were of nu encouraging tenor, ns a rule,
though some complaints of Insect damage,
shedding, etc., were received from the
soutinvest. Ialter on a slow rally act In.
owing to covering by shorts. Including
some of the more pronduent iitei
the ln»nr party, and there was also
less Imvlng for n turn on the long side
by those who lielleved thnt the market wns
entitled to. nt least, a temporary upturn,
a view lu which even some or the I wars
concurred. There arc few. however, who
have faith In more than a moderate re
covery. and even thnt mnv fiot occur. The
weather and crop report* are so very gen
erally favorable thnt the hears are np-
*ntl.<* ns confident a* ever that the mnr-
must decline to a lower level. —Glhert
6c Clay.
COTTON REGION BULLETIN.
For the 34 boon ending at ■a. m., 71th
nierbllnn thne, August 17. 1906.
RTATIONS OF
ATLANTA
GI BERT & CLAY
11 ALABAMA BT.
ATLANTA. OA
COFFEE. PBOVI.IOM*
M CM B E K SI
utork Kjrh,n*».|Xew OrlMn, Cotton g,okiin»-.IC1
f'* Y'.rk Ciitton KkrtumS. N,w Orloon. «t—t Ejrhan|e. U
^"ok Coifo, Ku'haok'o.lN’ow- Orloon, BoAt'l of .1
,tCti!«ip> Board of Tr«<l».
't.lv-riiool Cotton AMorintton
e«hio»o.iN>» Orloan, B.*r,l or irooe.i'rtltMton Cotton txekong*
, Private Wlrea toil! Kackao^oa.
Meal an* Lon* Diitanc, T.ltphon. 5293.
W. R. FAGAN, M.iwq.b
Greenville, cloudy. .
Griffin, clear. . . .
Mno.ii, p. cloudy. .
Sfonttvetfo, clear. . ,
Newnan. clear. . .
Rome, clear
Spartanburg,, cloudy.
Tnlln|MN»sa. clear. .
Tocron. dear. . . .
Weift Point, dear. .
Sft
5ai
•Minimum teniperatnrea
HEAVY RAINFALLS.
Uharlotte. N. r
IfoblenvIllP. I. T..
CENTRAL
STATION.
Dlst. Averages.
Max. Min.
70"
.1 11
Atlanta. . . .
Augusta. . , ,
Charleston. . .
Galveston. . ,
Little Hock. .
Memphis. . . .
Mobile
Montgomery. .
New Orleans.
Oklahoma. , .
Snvatmab I **
Vicksburg ! 13
Wilmington I 10 . .
Indicates Inappreciable rainfall.
REMARKS.
. .ie temperatures were higher than foi
the previous 24 hours In all districts. Light
rains have «>ceiirred In all portions of tlte
belt except III tin* Mobile district. A heavy
rainfall was reported at Uharlotte. V »•..
and another at iloldenvllle, I. T.
2S|
v3?
•ii5
cnthusl-
TZ
... field reports and a further
recorded, though a mid-session
reaction caused the recovery of part of
the loss nnd rliwlcod the ramp
asm. On the whole, profeanln
Just nlsmt ns bearish a* ev«
small company of consorvath>i» *•»•••-
lug rerrulfs slowly enoughs Just where
the turning imlnt will he eneonnteml Is
one of the darkest seeret* of the cotton
trade, but It Is fully probable that oner
Americans cease deluging Liverpool will
orders to sell the stuff the foreign mar
ket will evidence sonic kind of a rent*
tlonnry tendency
NEW YORK COFFEE.
New York. Aug. 17.—The coffee idnrket
o|M*ncd nt a decline of 6{fP) points slid
•used off still further on one or two posi
tions during tin* forenoon, and nt midday
were 5ffl5 points net lower. Tin* decline
wns due to the reactionary tendency
the European markets, which In turn
thought to arise from the disappointing
showing of the primary markets. Trading
ilonht of Southi’
R cr cent basis, and that Union ■ m-m
lend frill be Increased to 7 |mw ceuf.
Poppers nnd Steels will become more ne
ve on greatly Improved trade conditions,
lot If sold down can lie taken on, along
with Atchison. Missouri I’nclfic. nun other
loxv-prlccd rails mid Industrials.
A g«HHl bank statement Is expected, but
ioney U held very stiffly.
parity
United Staten
i July 1 nnd
me lietwei
39.C.V..79I,
cxiNUidllnres.
ItcjNirts of terrorist dlsturliaiices from
tiissla on nil Increasing scale.
Steel sales agents reports extraordinary
lemand for raw material.
Intel borough Metropolitan Is now eurii-
on preferred stock.
1 in loan crowd.,
'rum sub-treasury partial-
to St. IsmiIm and other
new wheat.
Twelve Industrials declined .35 per cent.
Twenty active railroads declined .71 pei
cent.
session
here wii.
and sales for the first half _
were alwmt 14,000 bags.—Glhert A t.’lny.
Following were the opening range and
close In the New York coffee market to-
liny:
Opening
Range, Uloso.
ry 7.2) 7.25-7.30
Z-2*»
7.35-7.40
7.40-7.45
7.45-7.50
7.50-7.55
7.66-7.60
AM5-7.fht
6.95-7.00
7.00-7.10
7.10-7.15
7.15-7.2)
April
May
June...
July
August.. .. ,
Bepteuilier
Octolier
November
December
l.Tosdl sternly.
. ..7.35
.. ..7.49-7.51
.. ..7.60
7.61-7.60
.. ..7.66-7.60
. . .KM5-V.A5
.. ..6.9)7.00
.. ..6,95-7.00
, .. ..7.09-7.15
.. ,.7.15-7.20
f Private I^nse<l 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 aJI hurd spots
to develop. The close showed declines
of 3-8 and l-2c for wheat, 1-4 and
3-8c for corn, 6-8 nnd 7-8e for oata and
2 1-2 and 27 l-2c for provisions.
Dash sales here were 12,000 bushels
wheat. 90,000 corn. 120,000 oats. At
the seaboard eleven load* wheat, nine
teen loads corn und 200,000 bushels
oats.
Clearances tor the week; Wheat,
2.827.000 bushels and corn 625,000 bush
els, compared with 1,084,000 and 1,177,-
000 bushels, respectively, n year ago.
Many of those who bought early were
sellers late. The volume of trade was
larger In nil the pits. The weakness
In corn \van against the wheat price.
CHICAGO GRAIN MARKET.
visions quotations
Previous
Open. High. Low. Clone. Clone.
WIIKAT-
Xcpt 7044
Dec 73*4
May 77%
DOHN-
Hept 48U
OIIK-
Hcpt... 17.66
Jan.... 13.50
LAItb—
Kept.. 8.70
I
S
1
a
77ft
47
a
1 1
8
i
41*4
41ft
17.20 17.00 17.00
13.52*4 13.32)4 13.32)4
7.90
m m
7.86 7.86
8.87*4 8.99
S.70 8.70
7.22)4 7.12
15:3*
8.79
8.75
7.09
8.93
8.77)4
7.27)*
Then, too, careful stu
dents of the staple expect spot market
dttlniis to exert
specutntlv
beneficial Influence
slues for the reason thnt
basis* broadening factors nre now nt work,
nnd none but radicals believe the Interior
will follow option fluctuation* to »be lim
it of speculntlvtf endurance. Hhnuhl the
farmer again stand pnt, the nljout face
will come lu short order s*fine day but
meanwhile selling the other man s prOys
ty Ih a very entertaining little gaum, at
It Is not worrying anybody either. —)\a
& Iceland.
COTTON SEED OIL MARKET.
October.. .,
November....
Dcceiulwr.. .
January.. ..
With the break In
n Increased Itmnlry
for round lots of red and hard winter
from the eastern waboard nnd from mill
ers. Most of the bids were »4fffte out of
line, hut soles In all positions were 19V
009 bushels. Including 1*0.000 No. 2 red, 10,-
000 So. I northern nt canal to 4*4e over
■ppteinlH»r In store nml lo.OOO mlxe*l lots.
Sales Ilf corn were 250,000 and oats 70,000
at the scrtlMKird.
Export business In wheat was 200,000. nml
possibly more, as sales “
GIBERT d CLAY’S
DAILY COTTON LETTER.
New Orleans, Aug. 17.—Liverpool ndvlc
were very numerous nnd were of one n.
In favoring a lower range of values,
>g to the splendid crop prospects,
hick of dcinnm) for sjmr cotton, and
free offerings of‘both British and c ....
nental Interests, options closed 1 to 2
points down, m Idle s|*ot transactions were,
quoted 6 points lower, sales 5,000 hales.
Opening price* were uniformly lusvei
fully rcN|Hindliig to the prevailing lnflueiirc
of a bearish character, but later nml lip t
the time for the issuance of the Giles re
port the market recovered the greater part
of the morning's loss on the rc|H>rted heavy
having in New York, which mused nervous
shorts to cover freely In anticipation of ii
further reaction. The Glle* report for the
half month gave the condition nt 82 against
82.7 on the first of the month, and there
then ensued considers hie bearish activity,
principally on account of the dlsnpoplnt
meat of tlie figures, many cxpectlug the re
port to be bullish. As a result of this see
sawing of mnrket prices, considerable «ctlv
Ity was Instituted, bringing with It the
more general Interest of outside specula
tion. Fundamental Influences, however,
hare In no wise changed, nnd ns long nu
such excellent crop prospects continue Im
provements of a temporary character onl*
nro looked for.
SOUTHERN EXCHANGE
Oldct Entabltshed OCMce South.
COTTOH—STOCKS—BOHOS—Mill
around Floor Gould Building. Dally
markot Inter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTOH, STOCKS, GRAIN
Correspondent’s GapRil {250,000
RcrcRCNce. the neal dank
PHONE I4t7. PRUDENTIAL OLDO
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected ny Atlanta Fruit sot
Produce exchange,
lemons, lt.7blub.Q0.
Lillies 50 to iftc.
Denches, per crate. $1,004*1,50.
Dluenpplcr, $1.50 to $2.60.
Haminas, atrair'*"
$1.75. Culls, per
Wntermelo , *a. $7.60 to $20.00 per 100; de.
ninnd gmsl.
POULTRY AND COUNTRY I'RODUCE.-
Llve bens 35 to 37)4c: fries 22ft to ac;
broilers 15 to 22ftc. Live ducks, DekJu 39
• - • ** 26 to 27*4c.
20 to 22ftc; cook*
log. per IU., 12ftc to 15c.
Honey-New 8<fl0c IU.; In Mb. racks 10
8 v£oi!TABM!a-lri,h point of,. So.
•t«M-k, $2.60 barrel; |M*r lumliel. 90c.
Onions. $1.50 bushel: cabbage, 2c pound,
new aweet potatoes $1.60 bushel.
FLOUR, GRAIN. PROVISIONS.
FLOUIt— Dostcls Pateut, $8.00; Diamond
patent, 95.5o; Miiscoutab Star, $4.65; fancy
patent. $4.65; Bed Eagle, $4.40; Itlun IUIiImii..
$4.00: fancy, $3.90; spring whiat patent, $6.25
to $6.75.
CORN—Choice rod ml*. 76c; No. 2 white,
75*-; No. 2 jvltow, T4c; mixed. 73i*.
OATS -Choice white clipped, 62c; choice
white. 60c; choice mixed, 48c; Texas rust
proof. 60c.
MEAIf— Plain wnter ground, |>er bushel.
7.7c; J ml fed J 40-11*. Jutes, per Imnhel, tiSc;
Shorts, white. $1.6*^. iiicdluui. $1.40; hrowu.
$1.35; pure bran, $1.10; mixed hriiu, $1.05,
1!A\.—'Timothy, choice larire btlea, $1.10:
do, choice small Imles, $1.06: do, No. 1
timothy bale*, $1: do.. No. 2. $1: do.. No. I
clover mixed, $1.00; do, No. 2 dosed mixed,
*°CLori:n.-Chnic» »•
The tbove price, nre f. o. b. Atlanta, and
subject to Immediate acceptance.
GROCERIES.
SUGAR -Stniolnrn arnuulated. $6.30, New
York Refined, 5Vj; plantations, 6ft. Mnrket
very strong
COFFEE—Roasted Arhncklo’s $16.60,
hulk, In Inige or barrels, 13c; green, 10 to
12c. Market strong.
RICB.—Carolina 4ft to 7ftc, according te
grade. Market very strong.
CHEESE—Fancy full crenm dairy, 14fte:
twins 14c: brick. He. Mnrket strong.
PROVISIONS—Supreme bams, 15c. Dove
bam* I5ftc. California hams loftc; lte<I Crose
hams. J5*\ Dry salt extra ribs, $9.87; helltea.
.. 8.97)4 8.97)4
... 8.76 8.75
Jut*.... 7.22ft 7.22ft
CASH WHEAT—
No. 2 r.Nl 7Miff72: No. 3 do 7nftfe7t: No,
2 hard winter 7 ",i^70ft: No. 3 do 6«ft1#70ft.
LIVERPOOL GP.AIN MARKET.
Wheat—opi'iietl ftc higher; at 1:39 p. m.,
ftlfilftc higher: closetl higher.
Corn-opened unchanged; at 1:30 was UO-
cbniigcd and closed )4c higher.
NORTHWE8T CAR&
The following figures give the uorfhareat
cars today, last week and last year:
, fg»st Last
Today. Week. Year.
PRIMARY MOVEMENT.
The following Dguryn give the primary
movement of wheat nnd corn:
Wheat—Ueeelpta today 681,000 bushels,
ralnst 696.000 bushels Inst year. Shipment*
. slav, 239,909 bushels, ngniust 457,099 bush
els Inst year.
Corn—Receipts today 109.009 bushel*,
nnglnst 598.0(W bushels Inst year. Shipments
touny 444,000 hnahetn, against 407,000 fmshela
Inst year. #
THE SUGAR MARKET,
...» sugar unchanged. L«*ndmi beet firm:
August up 1ft to 9ftd; September up ftd
to 3s 11*4*1-
CRUDE OIL QUOTATIONS.
tlous for crude oil of the various grades
are: iVnuN.vlvaiiln 168, Tlnna 168. Richland
178. Second Hand 158. Newcnntle 135. Corn
ing 119, Cabell 118. North Lima 92. Prince
ton. Ind., 69, South Lima 17, ludlnim 87,
Somerset 87. Rsglan 64. Casey, Ills., 19,
Kansas nnd Indian Territory 42.
THE DRY GOODS MARKET.
Now York. Aug. 17.—An active Jobbing
trade was reported today, and especially
In domestic dress go«Hls. Southern ging
hams were ndvuiiccri fte per yard. Grad-
20-5 lbs.. $10.50: fat Isieks. 8i*; plates. 8c*
Supreme lard. $9.7*: Red Cross, 10e. Soaw
Drift couifKignd, Tftc; Red Cross. 7ftc.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
over om miLum dollars
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
rasnnraMSBEE^-i;
» r.rt *•» 0»,n$.
cottonVgra:^, ?rotis?on"s, I stocksPbonds,
*#. 2 Will SI.. Mill t.ltttl*, Atlanta. Cl
MAMAS:
An, r,tt e,tt„ fitim.. «<w *•«* »* *'><«•
Kcsr Otlnst Cetiss Iscisatt. Ck/csj# Stork ti
UHn
ftffPkratf XL
Hew Ywk Celle* Cttktf*.
f. C. C 078*48. I'iViW
Staeieri Phene 221
THOR. J. PEEPLES. Cashier.
JA8. G. LESTER. Ara l Castile
MADD0X-RUCKER BANKING CO.
CAPITAL ,*200,000.00
SURPLUS AND PROFITS . . . . $500,000.00
ACCOUNT, INVITED
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking.