Below is the OCR text representation for this newspapers page.

EDITED BY JOSEPH B. LIVE! *1 THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ~)j .Irely's 25 years* experience editing markets in Atlanta it ml Smith ha* made him a tee. ognfzetl authority In hi* specialty. 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. flr Private I-ciiwd 3$ Ire. S>w York. A off. 17.—The rot ton mnrket "flit nml point* down on the brenk in the Liverpool market and atop ies* selling. Alter tin* cull, tin* list allow —*“ “ ,4tie on cuv Th** rottoii market for future delivery In jCfw York today was u weak nml slowly (seeing affair. Liverpool furnlnlioil tho rue, early nil tins from that renter showing Ueciilei) frankness in ,both spot nml future* at the (tart, though jmrt of the decline was re- catered at the elosc, whloti was unchanged t<> .1 point* down. Sjmt was quoted f points lower nt 6.5td tor middling. t‘n<l<T the Induetirc ij Liverpool * weak Rms. New York nt the opening showed a decline of G*f# 10 jHduts and with only •light necntdonnl mllles prlees eotitltiuetl d'lwnwartl throughout the session, large bliM-k* of nil |H>sltloiiN being offered on n ng „ offsetting It. I'p to and Inoludlug tmlny, the amount of cotton brought Into sight for the i»u aggregates 10.997.31.' hales, whleh sure** a erop of over 11,000,000 hales the son non of 1905-J9u6. At the elom*. prices showed decline* of from IS to 24 |*dnts lower, as compared with v»sterdny's eloae, August sidling below the 9c SPOT COTTON MARKET. Liverpool, sten.... Augusta, quiet at 10Uc. Smiunsli. easy nt 9 ll-16e. St. I.ouls. dull nt 10V- Charleston, steady nt 9 lie. Heston, ateudy at Houston, quiet nt 10c. LIVERPOOL COTTON MARKET. I.lverpool, Aug. 17. 12:15 p. m.—Cotton, ipet Intslnesa moderate, with price* easier; lu'ddling njdands 6.51 d; snles 5.000; Amor- lean 1.800: speculation and export 500; r-VvIpts 2,000; American 300. Future* oiamcd steady. Opening Previous Hange, Close. Close August 5.-N-5.2S 5.27 6/27 August-Sept. . . .6.25-5.21 6.23 a.23 Kept.-Oct.. 5.18-5.14 6.155.16 5.10 IM.-Nov. . . 0 ..5.17-5.13 5.14 5.15 Jim |»oc 6.18-5.13 6.14-5.15 5.10 P.r .fan 6.2 ML16 5.15 5.10-5 17 Lui.-Feh 5.21-5,19 5.10-6.17 5,18 IM.March. . . .5.21-5.19 6.18-5.19 5.31 Man'll-April 5,24-5.19 5.14-5.1$ 5.22 April 5.25-5.20 6,21 5.2J Private Wire to filbert A Clay. New York, Aug. 17.—Liverpool opened d.m n. Win rapcrtnl l'.4«5 il|.. *2>* : “At the opening, nothing offered; market atendy, owing to good re- p<»rts from New York. It wns affected unfavorably by selling of Egypt Inn* and prominent Arm selling and showing report* of erop prospects splendid. Haying very limited, t outlueiit sold very freelr." Price has taken advantage of the mis- cel mucous short Interest In Oetotier, add trying to boost the market. Taking buyers on n basis Inst few day*, t Is a most certain Miss Giles’ report will lie bullish. It I* rumored McFadden has sold 12,000 bales of spots out of local stock here. The Journal of Commerce says: “lltiycrs In tho primary market were less eager for goods for the day. but the relative tailing off In trade was not as large ns some fac tors looked for lii the fitre of advancing prices for cloth and declining prices for cotton virtually while the business was going cm. Many order* are lu hand await ing the appearance of good* that are now scarce. The trading Is limited In many direction* by the iimldllty to secure good* for quirk delivery, and there are innnv thing* that show that large quantities of goods will be wanted liofore the first of October." New Orleans. Aug. 17.—Liverpool 3 down * very |**or; was due 1 up. Liverpool cables: "We have an unfa- .■arable opinion of the market; no de mand." New York wire*: “Crop conditions ex- dlent; look* like a bumper. Hplnner* In different. Expect iiiueh ‘ lower price*.'’ Covering bv satisfied shorts causing on dines*. Market docs not b*>k healthy, ud lower prlees are expected. New York wire*: "No pressure here to day; feeling improving; g***! spot business; nnv covering would give sharp rally; think rl|H>nlng for sumo; looks like Price Is a • * ’ hiiypr," 'oduy’a map Is nil that could Ih» desired— ur and dry with one or two exceptions lu the western l*elt. and nlteriinte cloudy and clear, with showers on the coast In the eastern states. The weakness of Liverpool mid such ex- •I lent weather conditions should strongly* influence lower price*. Mitchell offers 6,uotl January at 9.49. Itooiu traders are frying to break the ..j.irket on Miss Giles' rejiort on the theory that rwmMifnhlr cotton lias lien* IxMight III nutleipatlcii of It. In sight for the week. <*oniplled by Super intendent King. New York. Is 56.80S. against 80,925 IumI week. For season 10,997,816, against 13,542.748. Korn hey, Ilenlelrlck A Co., cable from Iverpool: “Expect a heavy decline. Declaration of Dividends on Two Pacifies Caused Excitement. ORDERS WERE TO BUY Sefasational Advance in Un ion Pacific the Result. Others Irregular. CHICAGO CAR LOTS. Todftjb Tomorrow. Hen to Wire to Ware A Iceland. New York. Aug. 17.—Llvcrpmd opened quiet 1 up on near; 2 up on late. At 12:lo p. m., 2 to 3 dowu and easy; sales 5,000; ’* down at 6.8ld. Future* were due io Hi 2 up. New York market Is dull but very There has been enough buying • scattering offerings off the market, to have a better tone. Look for •ally, but until condition* 'hange would self on bulges for scalp for the time being. LcsMcr-Coldmrtti Cotton Company, St. Louis: “There is very little change to re- port in conditions a* far a*'Missouri. Ar kansas and the northern portion of the In dian Territory are concerned, excepting that we have again had nil excess of moist ure. This has given rise to complaint* of too rank growth of the ’weed' mid n stoppage of frultlug. We do not look upon this at all seriously, as there Is enough fruit now on the plants, and with normal outlier, permitting maturity, we belle I* to the advantage of the growing er« a* Indicated In former letters, the eott crop In the territory named lm* developed erv satisfactorily during the end of sum mer, and prospects lor o c«hm| out-turn still hold good at this wrlGflff. ' New Orleans, Aug. li.-*Mi»rt* are Ing profit* freely, and the market Is steady •In consequence. Hulls lire offering no support, although both New York and Llv- or pool have I wen wiring bullish messages t«m»1 cables: “The market Is depress- , ... . mnequeiice of laur movement*.*' Weather map Is favorable. Utile rain and ni'slernte temperatures are shown over the cotton belt. . Houston up to date received 26,635 bales of new cotton. THE WEATHER. TODAY’S PORT RECEIPTS. The- fnllanrlns tnhl. hUoiv. receipt, nt th. |»ri, t<nU/, vumparctl with tilt Mine dnj INTERIOR MOVEMENT. Mm, .iny tn.t year: PH ICE OF COTTON SHOULD NOW 00 UP to The fleorgliin. A'lgiisqi, Aug. 17.—"Th** price of cot- ‘ I- ns b*w now a* It ought to go. M. O'Dowd yesterday, when asked , n > "pinion on flic rottnn question. Mr, bt*w.| u tin* oldest man on the cotton rj®,' '""I !"• declare* that the situation Is ^ :, b'* that th" price ought to go I 1" not believe that the condition Is as ’T 1 'other states a* It Is qiiofetl, and I ''•c ,, eve that the condition In some re- in Ocorgtn hss Ik*ch luliS|tiotwl." Werdny. the price fell *Ae, and new 'll- II••!*.•> \% quoted at lOUe for middling, lower than the price last year at I>IVIDENDSDECLAR ED BY TWO PACIFICS ^M'rhate T.onsed Wire. 2 Vork - Aug. 17.—The Southern Pa- deelnnsl n dividend -«*f C’e pef *">' >>ii it* conumm *toek. This la the JJI ‘bvldeinl ever faijd. The dividend I* ,H * senil-nnunal. I 1 ,' 0 ' 1 Pnelfle has nnnonnce«l a *"inl- »t,l'b nl '• v blend of 5 per cent on common and the regular seml-aununl dividend - F' r »c»»t on |(* preferred st«*'k. LOCAL FOKECA8T. STATE FORECA8T8. , Cieorgla—Fair tonight; local rains Kntur- 4l, ji.*utlt t’nrollua—Local rains tonight and Hat unlay. Alabama—Fair tonight and Saturday. WEATHER CONDITIONS. outturn** Fair wokther c but shewers hav hours in the Ohio valley, lantle coast and at the south At- . i*l stations In ,» west. A* a rule the amount of precip itation Is light. Thunder storms occurred nt quite II iiiiniber of stations during Ihurs lly ITlvate leased Wire. New York. Aug. 17.—The declaration of a dividend of 5 per cent for the half year on Union Pacific stock* and the announce ment that Houttiern Pacific had l»een placed on a 5 per cent basis, were the astonish ing news” whleh greeted Wall street fif teen minutes after the oftenlng today. This, with thp sensational price movement which followed, will rank the whole episode as one of the most remarkable in the history of the st«**k exchange. The utmost that had been expected on Union Pacific stock up to the dose of Imslnes* yesterday was a dividend nt a rale of 7 per rent a year, and with some sort of extra distribution. Instead of this, the stork Is placed square ly on a 19 i*cr cent basis, and tho extraor- dlnary If not unprecedented fact confront ed the financial community till* morning that Union Pacific shares. If measured by tlie size of other high dividend p^ylug Is sue*. was selling anywhere from *0 to 60 points ton low. In the case c.f Southern Pacific, the possibility of readjustment to the other st'M*ksi selling higher and paying smaller returns wns hardly less. It wns suinll wonder, Iherefnro, that the whole market should, for the time Indue, have been struck with consternation ns fo what effect the news should have. The rest of the market sold off. Hut the unchrtntnty lasted only for, a brief Interval, and then enmn n rush to buy. converging msm tin* Pennsylvania and i .wi shares, but also extending into other quarters. There was nothing to the market tmlny at the opening of tlie stock exchange, ex cept Southern J'ncltlr nml Union Pacific. The opening showed « gain on the closing prices of last evening. Union Pacific dosed last night nt 162H. Nouthern Pacific opened nt 83fi83*i. nml bet won tlicae figures 4.000 shares were traded In. It dosed yesterday nt R?ty. This morning there continued sonic profit-inking lu the leaders. The general notion wns that Union Pacific nml Southern Pacific were selling high enough on the bants of the most sanguine expectations ns to dlrl'lraitl*. There wss a great deni of dissatisfaction over the failure of tin* direc tors of the Union Pacific to nnmmucc the Hcml-nnnnnl dividend ysterdny. There wna sold to be entirely satisfactory authority for the statement that the. dividend on Union Pnelfle common stock has been fully decided upon, and that notice with re- apect to the dividends on Southern Pacific common 1ms also been agreed on. In *ome circles It wn* even claimed that the dividends on Southern Pacific would be nt the rate of 5 per cent Instead of 4 per cent, ns .has Iwoti commonly reported. The balance of the market movemeut* were Ir regular. There was no need of gossip to account for the trading movements tmlny. The facts were enough, nml when the official aiinoiineeiueut was made' of the declara tions of the llnrrlmnn dividends the trad ing In these stock* was more exciting than has ever 1h**ii noted on the exchange, ex cept In times of panic. Many brokers had orders to buy 1.9,000 of these stocks at the market. Ibmm trader* rushed to buy for their own neoiint. and after them came a *tniggle to cover large lines of short*. The two crowd* Iwennie howling, surging masse* and little attention was raid to prices lu the execution of orders. Union Pacific rose point* nml ftoitthern Pacific 6 points, Ih*«Ii by fast stages. Next to the Harrlnc-n stock* the great- •» strength was shown In Pennsylvania, which rose 3<4. Price changes In the ma- jorltv of the stock* were Irregular and un- rtriln „ Sugar Itcflning Atlantic Const Line Anaconda American Locomotive., do, preferred., American Cot toil Oil Baltimore and Ohio Brooklyn ttnpld Transit Canadian Pacific Chicago and Northwestern Chesapeake and Ohio Colorado Fuel and Iron... Central Leather do, prefer red Chicago and Great Western.. Chicago, Mil wn * ~ - - • lielnwnre and 1 Distiller's Beenrlties... do,* p^ferwi.V.V...V. General Electric Hllmds Central American Ico Securities Louisville and Nashville Mexican Central Missouri Pacific..... New York. Ontario and Western...... National Lend.. Northern Pacific New York Central Norfolk nml Western Pennsylvania People's Gas Pressed Ktecl Car do, preferred Pnelfle Mali Heading Republic Steel Hock Island do, preferred United States Rubber do. preferred .Southern Pacific Southern Railway do, preferred Sloss-ShcffMd Tennessee Coal and Irou Texas and Pacific Union Pacific United States Steel do, preferred Vlrgluln-Carullua Chemical do. preferred Western Union Wabash do. preferred...#* Wisconsin Central do. preferred... Total slock sale* tmlny 2.629,W0 shares. Pnclfltj 488,300. Total sales Un RANGE OF THE COTTON MARKET AT NEW YORK. Dec. , Jan. . Feb. 9.31 9.12 9.42 .... 9.45 *9.67 I |J 9.21-221 9.40-41 9.27-29 9.45-47 9.31-32 9.60-51 9.471 9.47-481 9.68-69 Closed barely steady. AT NEW 0RLEAN8. Sept. . , Nov. ’. *. Dee. . . Jnu. . . Feb. . . March. V a 9.27- 29 9.21- : 9.22- 24 9.23- 24 9.28- 29 9.33 35 9.40-41 9.50-51 9.43- 44 9.44- 46 9.45- 46 9.57-53 9.65-66 Closed barely steady. BEARS CONFIDENT. OF LOWER PRICES LONDON 8TOCA MARKET. 12 pniflTn* ICIo* |2r,-",4ia7i Th" pri^.ui" rnnitiiiir. Hut nml nlngiil.li r mortfitiPiil. Tim Inin-iimliT In litKlmni n-i'f N,w Entilmiil nml lowi.t In Muntnnn Tim riniilltlmm fnvnr tin* rti-v,.|i>|iiii,*nt of lorn I tlmmlrr nhuni'm In tnl» mi'll nlulit nml Knt.tr.lnj-. Aiimrli' i<l lint. WEATHER IN COTTON BELT. Ti'xnn—lloimtnn, IWIta, «t»l *nn Antnuti rloni' ini'l wnrm. TJ'Ut nun Fort Wortn rl.ni' nml lint. MlMlHjiipl-IInllT KprliiM. Aiimirrn. Aiiiott, Tu|inK> mnl New Allimiy elenr nml ll, Aii.1mmn->t"iit*nnmry ••'.■nr nml 6"' , I,tin nml Op.'IIUn i lnni- nml wnrm. ttelran pnrtlr I'lnmlv nml wnrin. Itlltit.vlll nml imt. Mnl.tln ntiimly nml tint. Cnnieln—.Mill-oil linin' nml lint; hurt ratii I'..tmlny nftnr will in. Allmiiy pnrtl.v .■Iniiily nml Jmt. North t'nrnllitn—tlriH'iinlmm clnmly nml nml: .nml rnln tn.t nl*ht. Flinrlntte pnrtly nlninly nml iili'imniit; hart rnlu yon- ti'Plny nftnriiiKiii. WEATHER IN WHEAT BELT. Uxtiviiin Nnrthwi'Ht- llnm'rnlly fnlv. with Tnliw Irinpmitiirr; 4-' t— Xnrthwnnt—t1«r. Srtmr '\vc.t' nml thinthwent—tleimmHy nh-nr nml wnmmr; «!tn 7« nUnvn; now rnln- tin. III OktnUmnn: Infill rnlim Iti Inwn, WEATHER FORECAST. tienrirln, WMteni Florhta nml Ahili.imn- Ijm-hI rnln, nml thiimlnmMriiin Frhlny nml Kntunby: Ht-ht wlmln. mmitly nmiili. ! oulnlmin nml Mlwlnnltipl—tnwnl rnln, Krhlny and Baturtiy; ll«ht wlmln. nmnlly "vinn't Tnm%—Fiilr Krtilny not JatnrRy: warmer lu northenrt portion f’Hdny; light south wind*. Waste ""Ar'knnwt^lmfnl rnlnn Frldny nml Hntur- day; warmer In western portion Frldny. Texas—Isaul rnlns Friday and GI BERT & CLAY *• 1 ALABAMA ST. ATLANTA. CA corvee. PROVISION* MCMDCRU *Mr \nrk Coffes ExcU*nge.|.\ew Orleans Boonl of 'lrnfle.|t»nliest«m «-oiyoh r.xLan.ig» ^ecal and Ltnfi DlsUnci TslephcncTMJa? W. R. FAGAN. MsnitiaB \ ! 9tvi 95 I S |*ae|fle (166tX'167H'1fl ....I. and Ht. Paul 1R7MUR7H 18 Krle., ! 4345 43^1 44*4, I Him s t'entral il75Ul1745ill76H Louisville and Nashville. . JWljJMWj Bending 1133 H32Hll»l*i Pennsylvania ••••1*2^1^ Southern Pnelfle ; t’l.i.i.i i>n< 'iii. • ... ,,,,, ,|16:!t*^ll68 i l'2t* v ended at itl**ut -the el«»*lng nflee* of \\i*<| nesdav. The recovery wns traceable large- covering of shorts anil mare or less buying on the theory that a rnlly life after tin* severe dec lilt* nml dnjs- ..qulilntlon of late, especially a* the short Interest Is eonsldered large. Liver pool sent somewhat better advices than expected, nml the market here opened a shade higher. Hut leading Interest* again sold freely, niifl prlee* soon weakened slid declined with nami traders selling. Hpo Interests sold. t'*>, mid the Houtli sent large selling orders. The weather wns fa vorable In the main, and the crop re|M»rts were of nil eiMiMirnglng tenor, iis n rule, though some eoinpIniutM of Insect damage. received from a slow rally set In. * ,»y shorts, Ineludlug some of the more proinlnoitt nieuilH'— • shedding. s<mtliwest. latte, owing to eoverlng COTTON REGION BULLETIN. For the 24 hour* ending nt * a. m.. 7 no* rid In u time. August D. STATIONS OF DISTRICT. •Atlanta, clear. . . . •t huftnnoogn, clear. ••Columbus Gainesville, clc*ar. . . Greenville, cloudy. . Griffin, clear •Ma'am. |>. cloudy. . Montleello. clear. . . New iiiiii. elenr. . . . ffome. dear, . . . . Spartanburg, eloiidy. TallaiHHts-i. elenr. . T.H-eon. elenr Went point, elear. . if! •Miniiiiiim teiiiperatiues are fm hour perlo'l ending nt 8 ir. m. this ••Missing. HEAVY UAINFAI.LS. Charlotte. N. C HoblenvIJIe. J. T.. CKNTRAL station. '»|St. Average: Atlanta ! 13 Augusta j 11 Charleston 5 Galveston ! 29 l.lt.tl« ll'M*k 1 15 Memphta 15 Mobile I Montgomery ' W New ttrlcnu* ! 16 Oklahoma ! 11 Kflvannnii i 18 Vbksbnrg I 13 Wilmington. . ■ ■ .1 11 T" Indicates Inapprednble rnnifall. Ii| Hi nlmi more or turn on tlie long side by those who l*ellev»*d that the market wna entitled lo. nt least, a temporary upturn, a view lu whleh even some of the l»ear* eoucurretl. There are few, however, who have faith In more than a moderate re- eovery. and even that mar not oreur. Tlie weather and erop reports are so very gen erally favorable that the bears are ap parently as ctMtlhletit as ever flint the mar ket mi st decline to a lower level.' —t.lbert Ae Ulny. New Orleans. Aug. 17.-«The Time* Deni- mTiit: “On the surface, the talent gave but a passing thought to the development of n distinct note of jiesslmlsi)) In sonic of t h<» cotton field reports nml a furl her decline was recorded, though a mid session reaction caused the recovery of part «»l the loss and cheeked the rampant etitlmsl asm. tin the whole, professloaal* Just about ns bearish small coinpnny of Ing recruits slowly the turning imlnt ■ NEW YORK COFFEE. New York, Aug. 17.—The coffee mnrket opened nt a decline of 5{f!0 points nml eased off still further on one or two |h>sI- tlons during the forenoon, und nt uilddtiy were tfifS point* net lower. The deellne wn» due to the renetlonnry teudeney of the Knro|ieiin markets, which In turn was thought to arise front tlie dlsnpiKdntliig Mhowing of the primary mnrket*. Trailing here was much lea* active than yesterday, mid sales for the first half of the session ere nlHitit 14,000 bug*.—Gllswt Sc Clay, Following were the opening range and oso In the New York coffee market to day: B.r Private Wins to filbert Sc Clay. New York. Aug. 17.—.Mar shall. Spader & <*«.: Whatever the market may do t«»- or tomorrow tindei* existing In- nee* we shall consider the time right long eommltmenta on any good op portunity. We believe fiiiutaiiieutal* nr# vimiig enough to ilo/nhmtc casual l»»- siuciii'CH ami look for «•»«>'! support to the market and higher prlees. liuw-JoDeH A Co. say: “Union PscUlc do- elnrod 5 |H*r cent dividend, payable *.»n»P aniiiuilly. Ibtr 1*4. Paul for a turn The Flei'.uelal flurcxu says: fieenuse the action in regnrd to the flnrrlmnn Pa cifica ns (o dividend* has been postponed Is no reason why the stock* should de cline. for tt Ik practically certain that the dividend on Union Pacific wlH be raised, and that the Initial dividend on Boutlieru Pacific Is near. This group ts only otic por tion of I In* stock market, and there are at present mAllidlcnfloii* that the IIiiitI- uiaii party lias relinquished II* bull posi tion; In fact, we understand *enfo-down buying orders will lie met from llnrrlnj interest* on extension of recess’ think the Morgan Interests may nmv take up their Issues, for good buying has, lieetl taking place therein, cud Morgan broker age souses of exclusion are biilllsli* oil th" list. We continue to believe In the policy of specialty improvement, which seems best lu view of the money status, while as to the general list we would maintain a neutral position, mid try for a short turn In stock* that appear vul nerable, but only selling them when strong. We wntild remain ronservalively hopeful ns regards the general market. The declaration of a 10 per cent basis nml n 6 per cent bnsls dividend for Union Pa cific and Southern Pacific, which euiis-M] wild excitement cn the floor, while Mice criticised for the manner of- disclosure. Is regarded throughout the street n\ one of the strongest bids for - public Investment mid speculation ever made In the street, and It Is Indlcvcd tlmt. money permitting, one of the greatest markets witnessed will be realised in the not distant future from policy of banking elements Itchlnd the "T. Caused a Sharp Upturn ir Wheat at the Opening Today. CABLES WERE STRONG Shipments From Argentina Small, Which Were Addi tional Influences. Pennsylvania. Increased dividend In lower. Russian Nmv Ht. I^iill stock Issue of 125.000, permits holder* to subscribe for 2.1 ; nt at par. At 1S7‘,4 for sttwk rights : nrth $16.26. Following n wenk close, further re urn can be expected, although there Is don Id of Hnnthrru Pacific going on ... - , —, nndltlmis. lid If Mold down ettu be taken on. it Ion x iirli Atchison. Mlwm-I Pacific and other low-priced rails and Industrials. * g'Mnl bank statement Is expected, but me *“ L 11 Is held very stiffly. Dow-Jones' summary: Amerfeuii *toeks ill l-nii'Inn be parity n July 1 and United Htates revenue betws Allgust 16 Increased $9,683,791. With crease lu expeuillture*. Re|*»rts of terrorist disturbances from ItiiMsIrt on mi Increasing setile. Hteel sales a gen Is reports extrnordlnary demand for iaw material. Intel borough Metropolitan I* now earn ing full dividend on preferred stock. St'wk* ideiitlful Iii loan crowd. Gain of banks from sub-treasury partial ly offset I lug lu** to 8t. liOttl* aii'l other point*. Loudon stock market closed tomorrow. All reiMWts Indicate sup«*rlor quality of * wheat. January February March April.. May June July August geptemlM»r Oetolvr N'»veml»er Itecember Closed steady. T.2» .. ..7.»-7.3i) . ..7.35 .. ..7.40-7.50 .. ..7.50 ....7.60-7.60 .. ..7:55 7.60 . .6.95-7.05 .. ..6.JM-7.0fi . ,.8.95-7.00 .. ..7.00*7.16 .. ,.7.15-7.20 7.35 7.40 7.40-7.4! 7.46-7.50 7.5ti-7.55 7.55-7.80 6.95-7.0.1 6,90 7.00 7.00 7.10 7.107.15 7.15-7.2 GIBERT & CLAY’3 DAILY COTTON LETTER. New Orleans, Aug. 17.—f.lverpiHd advices *rv numeruusf and •<>rd In favoring a lower range of •wing to the splendid crop prosper MlllCN, III. snd the alive* I* gain- noiigh. Just wlie deluging l.lveriMMd with orders to sell the stuff the foreign mar ket will evidence some kind of a reac tionary tendency. Then, too, careful stu dents of I lie conditions lo speculative beneficial Influence for the reason that bast*' broaden In* far torn are ru „...l none hut radicals lndleve the Interior will follow option fluctuation* to •»*• lim it of speculative endurance, flbotild the farmer again stand pat, the about-face will come In short order solne day. but meanwhile setting the other man's proper, ty l* n very entertaining ITttle game, and It Is not worrying anylaxly either. — Warn COTTON SEED OIL MARKET. With the break In ii Increased Inquiry for ronmi iota of re«l and hard winter from tlm eastern aenlmnrd and from mill ers. Most of the bids were suit of lints, but sales In all nnsttloiia were l'si.- 0.10 bushels. Including lto.OD No. 2 rail. 10.- « No. 1 imrthoru nt equal to VM over sptemlier In afore and 1W mlxeil lota, gale* of corn were 250,009 nml oats ,0,000 at the seaboard. • . Kxport business In wheat wn* 200.000, and iMNNdldy more, ns sab* were not nil re- porfcl. Then* wns also 80,tV» «.*orn nml 100,00.) oats. lack of ilennimi for spot cotton and tlie free offering* ef I4ith Rrltlsli and contl neiitnl Interest*, tiprbm* closed 1 b IMilntn down, while »|*>! trnnmii'tlnnn w qiloied 5 points lower, sale* 6,000 bales. Opening pries* were uniformly lower. uniformly .. . ... „ » nrevallliig liiflueiiev bearish diameter, but Inter and Up to responding to the Donrlsli diameter. Git* time for the l*siinnre of the Giles port the market recovered tin* greater part of the morning’s loss on the reported heavy haying iii New York, which canted nervous short* to nivr freely In uiitldpntlou of a furl her reaction. The Giles report for the half mouth gave the condition at 82 against 82.7 on the first of the month, nml there then ensued considerable l*><irlsh activity, principally on account of tlie dlsnpnplnt ment of the figures, many expecting the re port to be bullish. As n result of till* see sawing of market prlees. considerable activ ity war Instituted, bringing with It the more general Interest of outside npccnln ♦l«m. Fundamental Influences, however have In no wise changed, and as long a* SOUTHERN JXCHANGE Oldest E-tabllehed Office Bonth. conoil—STCKS—BOHOS—BRAIN Ground Floor Gould Building. Dally mnrket letter ntid market rmmonl mailed on npp’b’ntl'T. L J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 I’harlotte, X. PIIVIIU*. I. T. J. IV MAUItUUY. fleetlou Director. Item Orleans. WARE & LELAMD coitonTgrain, provisions, stocks, bonds, He. 2 Wan SI., Atfaala, C». Ifew fnrk Catlen taehany. Mew Orleans Celtea tnckant KtkBlKS: Ckicage Beard el Trade. Hew Orleans Callen Ittfangt. Ckleaje Sletk li(kanje. lit erneat Cettea Asterfalle*. Hew Tark Celle t ft change, hlsate Wires la Mew Vert. Mew Orleans. Cftlctf*. B. C COTHMAM. Waaaeer. Itli Skene 1X2.Standard Skem ATLANTA MARKETS. FRUITS AND PRODUCE. Offlelally corrected by Atlautu Fruit am' Pnsliicc «*X''lmtige. launous. $4.754r5.oa Limes U\ to ’.;m\ Ueadies. per crate. D.fltl*$|.W. llneapples, $1.60 to $2.60. Hauauas, straight*. »-••• hunch ll.M to 11.75. Culls, per hnmtt, St to $1.25. Wntenueh***. $7.50 to $20.00 per 100; dr. maud nasi. POULTRY AND COUNTRT IMIODUCB.— Live Uciis 35 fa 37Vie: fries 22'/k to 25c: broilers 15 to 22V£c. Live ducks, Pukttt 2) tu 33c: puddle 25 to 27$|c. DrcMed lieu*. |»cr ll».. 12c to 12c. Kg::*. |H*r daxeii, 20i*. Hiittrr, table. |M*r lb.. SO to 22 ( /kct cook- lug, |ier lb.. 13Mc to 15c. floney—Now »4fl0c lb.; In 1-lb. racks W «12c. VKGKTAOLR8—Irish potatoes. No. 1 tit'M'k, $2.50 barrel; |H a r biirliel. 9>e. itiilmi*. $L50 bushel: cnblwige. 2c pouud. new sweet jKitatoes $1.50 husheL' FLOUR. GRAIN. PROVISIONS. FlAJUR—Post el* Patent. $6.00; Diamond tMitent, 86.50; Mnsi'mitnli Ktar, $4.65; fancy patent. $4.iiu; Red Kaglc. $4.40; Hiue ItlblMiu. $4-00; fancy, $3.lw; apring wbv-at pateut, $3.23 i $5.15. COICN— Choice H.v Private Leastnl Wile. Chicago, August 1J.—Wheat was ir regular and unsettled. It xxoe'up early «nd down before the -close. Lopg hold ings came out freely on all hard spot* 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. rash sales here were 12,000 bushel* wheat. 90.000 corn. 120,000 oats. At the :>cnbonrd eleven loads wheat, nine teen loads corn and 200,000 bushel* outs. Clearances for the week: Wheat, 2,827,000 bushels and corn .523,000 bush el*. compared with 1.004.000 and 1,177,- 000 bushels, respectively, a year ago. tinny of those who bought early were sellers late. The volume of trade wn* la-ger In nil the pits. The weakness In corn was ngnlnit the wheat price; CHICAGO GRAIN MARKET. grain and pmrlidotis quotations High. 70% 4S-% I I 47 43% 41V* I 73'i 17% 47% 48 ii M 82? Open. WIIEA'J - Hcpt 70\ Dec 73% May 77% UOUN- Sept Dec...... 44^ May 44% OATS— Wept 30*4 ihlc ml May 2.1% POHK- Hopt... 17.05 '■in.... 13.50 LAUD— Kept.. 8.70 Oat.... 8.77’,a Jnu.... 7.87% HIDES— Kept.. 8.97*,* Get.... 8.75 Jnu.... 7.22% 7.22% t'AKII XVI IK AT— No. 2 red 70%®72: xo, a no ai 2 bard winter 7tM4f/70%; No. 3 do 6»VPS70V4. 17.00 17.00 17.271* 13.32'A 13.32 Vk 13.50 7.00 S.97H m m 7.85 8.90 8.70 8.75 7.W 8.95 s.s7lk 8.70 7.22% No. 3 do 70%«71: No, 7.12 LIVERPOOL GRAIN MARKET. '•ob. 76cs No. 2 white, OATH bite, 60c; choice proof, 50r nixed, lipped, I. 48c; Tex** mat- Wheat—Opened %<• higher; nt 1:30 p. m., %1t\c higher; closed higher. Corn—4t|»enc<l uncluingfl: at 1:30 wns tin- clitingcil and closed %c higher. NORTHWEST CARS, The follow'ing figure* g|r* the north west car* today. Inst week nud last y#nr: La*r Last Today. Week. Year. 'PRIMARY MOVEMENT. The imvemoiif of wheal Wheat—RcrelpIs t»»da.v owing t figures give the primary 661,010 bushels, ngnmsi HR..1RRI imini:<*im m*i year. Shipment* today, JIO.O)') busIieH, against 457,000 Iiusb- els last year. 1'orn—R'Milpt* today 103,000 hiishel*. nngluMt 508.0IM bushel* last year. Hlilpmcnt* t'Hlay 444.003 lm*hels, agaliiNt 467,003 faisbcl* Inst year, THE, SUGAR MARKET. MKAL—Ittnlu water ground, per bushel, e; ludte<l 140-11*. Jut***, per bushel, 6&4-; Slmrts, white. $1.6u, iiietlimu. $1.40; brown, $1.35: pure I ran. $1.10; iiilxml bran. $1.(6. llAl.-TImotlOV ej;,*ire three Imtes, fl.JO: do, rliolce small bale*, $1.06; do. No. I timothy bale*. *1: do.. No. >1; do.,* No. I clover mixed, $1.00; do. No. 3 closed mixed, t’l.OVKIL-Chide# 90* Tha above prices am- *. o. b. dXtlaat*, and object to immedlnt* eee*»ptnnc*. GROCERIES. RUGAR—Ktnndnrii mauuhited. $5.20. New York Refined, 5VJ; plantations, 6%. Mnrkel **wy strong CO FFKK-Roasted Arhuckla'a $I6.G0; bulk, lu bag* or hurrels, 13c; green, 10 to CIIKK.HE—Fancy full cream *ln twins 14c; brick. l4c. Mnrket srrv Hv Private I .cased Wire. Now York. Aug. 17.—Lornl refined and •.»w sugar uiichnuged. London I wet firm: August up 1% to 9%«J; Kepteuitier up %d to 8m 11*4*1- CRUDE OIL QU0TATF0N8. H.v Vrhntc tinned M'Ir». Pittsburg. Aug. 17.—Credit balance quota, tb n* for entile oil of the various grades are: IVniisylvanln 158, Tlonn !68. Rlcldand 176. Heeoiid Hand l.'S. Newcastle 135. Corn- lug IF*, Caf'ell US. North Lima 92. Prfu«*e- toil. I nd., HU, Kent It Lima 87. India tin 87, Homerset 87. Raglan 60. Casey, Ills., 61, Kiimn* ami Indian Territory 42.-- No trade In domestle hnm* were ndvn . . unlly ndvnnelng prlee* are reported In th# raw silk market. Trade at first hands showed some halting fli sympathy with a r#tHirtw| today, and especially dress giMHl*. Southern glng- * ‘ %e per yard. f»rm|. III... W0.M: fit tmvkm. V: rt«lw. So; ffnnrom. Innl. W.75; Uni Cron. 10o. Snow Urlft oiiiniiomiil. 7Vo: Hiol crow. J«ic. u; i :i*z^'£E&aannBEsmniiBrBiJSB CAPITAL, SURPLUS AND PROFITS OVER cm MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. LXOBSnSSS Wil. I. I-KKU I’r.-Irtil»lit. uoirr. k. Maddox, viw-rw*. THUS. 1. PBKI-I.KS. Cnabl.r. JAS. (i. I.K8TKU, Ant Co.lil.r. MADD0X-RUCKER BANKING CO. CAPITAL $200,009.00 SURPLUS AND PROFITS .... $500,000.00 * ACCOUNTS INVITED XVe invite nccountB of individmdR, corporations, banks and bankers and offer tlie Ixat terms ooasistent with eonfiervatlvo banking. of S 1 -2 p.r (J