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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.