Newspaper Page Text
THE ATLANTA GEORGIAN.
ILEBDAY, AtuUai’ 21, IW
11
EDITED BY
JOSEPH B. LIVELY
” 1 ~~~ • N Hr. u
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE g
.Irely’a 25 years’ experience
editing markets In Atlanta and
South has made aim a rets
ognlxed nuthorlty lo bis specialty.
VSs
SLIGHTLY BETTER
Soon After the Call Prices
Dropped Under Last
Night’s Close.
BEARS AGAINST RISE
Pressure Designed to Fur
nish Better'Basis For
Covering Big Lines.
By Vrivatc Leased Wire.
New York, Auk. 21.—The cotton market
opened steady up 2®3 points, aud while
Wall street continued a buyer, there ap
peared to Ihj strong efforts from other
sources to break the list, and pit traders,
as a Huts, were ugaiust it. Hoon after
the cull, prices dropped under lust night’s
close, ana by 10:15 ti. m. were 7{|9 points
net lower. It was rutuorud that some of
the ‘
An effort was made to advance the price
Of cotton tlds uioruiuK which was success*
ful during the morning trading, during
which time yesterday’s high point was
passed some 2$#5 points on some Wall
street btiylug. mid reports of ralus in
Texas, which It was thought would curtail
receipts and stop picking in that section.
After advancing to a point some 4@6
r lilts above yesterday’s dual figures, prof-
taking resulted In u loss of ail the early
sdvnuce, and In the early afternoon the
uisrket was selling slightly lower than
the previous close, with the tone steady.
Galveston received 0,702 bales new to
day, New Orleans 93, Houston 8.989 and
Augusta 4.
Receipts of new cotton to date at Hous
ton 44,(15 bales. *
A better feeling prevailed Just before the
8P0T con ON MARKET.
Galveston, quiet at 9%c.
Memphis, quiet flf 9%r.
Norfolk, steady at 9%c.
Mobile, quiet at 9%c.
NEWS AND GOSSIP
Ot the Fleecy Staple.
Private Wire to Olberi & Clay.
New York, Aug. 21.—Mverpoo! opened
to b up. hxpected to l>e 2 to 3 up.
Plenty of cotton for sale and no deumud.
LIverjHNd cables: -Market steady, bears
covering."
8outh Texas advising plenty of rains. This
will curtail receipts and stop picking, and
It Is only source of supply of new cotton
at the moment.
Journal ot Commerce says: “The scarcity
in the primary markets for the day was
confined to goods for quick delivery. The
Jobbing houses did nil excellent business
mmi the time the doors were opened, in
oue house alone fully 160 buyers passing
In before 10 o'clock. The character of the
demand Is such that office forces are kept
very busy. It is iin|>osslble to grunt large
deliveries, ami buyers who would take ten
eases must 1m? content with five, so that
mnuy entries are made before the day’s
overturn is completed. There is some dIf*
foreiieo of opinion as to wliat the market
will do before the end of the year, blit
everyone Is agreed that the immediate sit
uation Is stroug and steady, with no accu
mulations in sight and nothing to show
that the demand will bo materially less
for some time to come."
Liverpool has l»een a very large buyer sll
the morning. Think the market should do
better temporarily.
!*ooks us though rains might Interfere
with picking in only section that is now
supplying much cotton in Texas.
New Orleans. Ang. 21.—Liverpool at
higher is much better than due. an advau
f 3 points only being expected.
Market entitled to n little more reaction,
bur lacks snap. Would soil on all good
*'ges.
-‘he decline fnls morning is due to the
selling out of some long cotton Ixinght ex
pecting a further reaction. There niq
to be n lot of cotton for sale with
few takers.
A lUspnteh from Nnvnsotn. Tex., say*:
Showers have fallen plentifully here and
there through this section the past week.
In few Instances hap the picking of cotton
lieen materially Interfered with, hut stalk
growth lias been moat favorable, and gen
eral conditions adverse to further frultlug
freely encouraged.*’
TODAY’S PORT RECEIPTS.
The following table shows receipts at ths
New Orleans. :
Galveston. . . .
Mobile
Nnviinnuh. . . .
I hhrJesion. . .
Wilmington. . .
Norfolk
Huston
Port Townsend.
INTERIOR MOVEMENT.
The following table shows receipts at ths
Interior towns today, compared with ths
same day last ycur:
Houston.
Augusta. .
Memphis.
Total. ......
LIVERPOOL COTTON MARKET.
LirerjMMiJ, A*ug. 21. 12:15 p. ro.—Cotton,
•pot quiet, with prices steady; middling
uplands 5.41(1; safes 6,090; American 4.-
600; speculation aud export 600; receipts 1,-
400; all American.
Future* opened steady.
Opening
Unnge. Clow*.
August 5.18-6.14 5.11
Amrust-Sent. . . .5.10 5.06
. .5.06-5.03 4.99
, .5.02-6.01 4.96
. .6.01 4.W
. . .5.02 4.97
. ..5.03 4.99.
. .g.OtW.ftl 5.01 ... ....
. . .5.06-6.07 5.02-5.08 *5.00-5.01
... .5.08 5.0*6.04 5.01-5.02
Hept.-Oet.
Nov .-lice... ,
Dec.-Jan.. ..
Jan.-Feb. . .
Feb.-March. .
Mnrclt.April..
April-Mny. . .
Closed quiet.
Previous
Close
6.10-5.11
6.03-6.04
4.97-4.98
4.96
1M-4.X
WARE A L-ELAND’S
DAILY COTTON LETTER
but on the rise cotton seemed
» be for sale, nml ns a result the tone had
it appearance of heaviness as soon ns ag-
gross!Ve < t iteration* ceased. The reaction
Hie market In sufficient numbers to bring
tnent |n not In night. On the other hand,
prices have reached n level where a less
one-sided market might be expected, and
until after the frost period the slxe of the
emp will be of course a matter of conjee-
tare. From time to time substantial rene-
l*» anticipated, but there Is ns
In sight upon which tnjtsse the
4 - ...... the cottou market has passed
through the declining period of price* and
the large receipts of new cotton at the
present figures are Ixqrlnnlng to net as a
ffepm,*lng factor. In all probability It
*'ui be more c* * —* •- •—
mediate future.
opened steady nt 6 up on near and .. ..
late. At 12:15 p. m.. 6 to 7 up and steady.
Sales 5,000 spots,’ 3 up nt 6.41d. Future -
were due to come unchanged to 5 up.
(’able* are favorable, although spot sales
could !m» larger.
Unless Liverpool eases off we should come
nt least 6 points higher.
Hears eovering.on Liverpool cables.
Geer heavy seller of l»eeeinber. Weld
took 2.000.
New Orleans, Aug. 21.—The market Is
quiet nml somewhat steady. Around 9
mnuy operators hesitate to sell, and furtbe
bearish crop development* or n continual
heavy movement will probably be necessary
to cause a recession l»elow that level. Spots
are Inactive.
Vote for J. G. Wsodward
for Csunty Treasurer.
THE WEATHER.
LOCAL FORECAST.,
WEATHER CONDITIONS.
With but few exceptions, there^bas been
n general decrease In air pressure over the
entire country east of the Hookies. The Imi-
roraeter 14 still highest over the southeast,
though but little above normal. The cen
ter of lowest pressure Is over Wyoming,
Idaho and Nevada.
The inlns in the last 21 hour* have l*een
local In character Slid have been confined
to no particular section of the country.
The temperature luis changed hut little
In the Inst 24 hours, continuing high over
the country east of the Hocklf
tonight or Wednesday.
J. H. MAU11UUY.
Section Director.
COTTON REGION BULLETIN.
For the 24 bonrs ending nt 8 a. m. ( 75tb
meridian time, August 21, 1906.
STATIONS OF
DISTRICT.
'Atlanta, p. cloudy. ... .
•Chattanooga, p. cloudy..
Columbus, clear
Gainesville, clear. . .
Greenville, clear
Griffin, clear.
93 72
ni 7i
3||
m
TONE IRREGULAR
Some Good Advances Were
Shown in the Opening
Dealings.
DECLINES WERE FEW
London Traded in About
75,000 Shares During
the Morning.
Minimum temperatures are for the 12-
hour period ending at 8 a. in. tills dute.
HEAVY HAINFALLH.
Greensboro. N. r 1.94
CENTRAL
STATION.
Atlanta. ....
Augusta
Charleston. . , ,
Galveston. . . ,
Little Rock, . . ,
Memphis
Mobile
Montgomery,. .
New Orleans. . ,
Oklahoma. . . .
Savannah. . . .
Vicksburg. . . .
Wilmington. . .
T Indicates Inappreciable
REMARKS.
The temperatures were slightly !ov
restern districts, wHb verjr
Dist. Averages.
Ill
more of a traders’ market In Ini-
Why is Wc/dwatd mak
ing his fight against Culber
son alone? He knows Cul
berson is the man he has got
to beat.
the remainder of
COTTON SEED OIL MARKET.
New York. Aug. 21.—The market for cot
ton seed oil wns fairly active nml again
weak, with still lower record* made on all
deliveries. The pressure extended from
Keptemlter forward. Hales were quite llb-
' snd the demand. Influenced by the re-
wen knew In cotton, favorable crop nml
weather reports nml the nbscure of support
ing orders, was rather disappointing. The
declines have been *0 much that some In-
terest Is l*elug attracted to the market, al
though the claims of a cotton cron of over
12.0n0.0d) bales is exerting a gmsl deal of
Influence. The market nt the close wn* *4»*
up to Vic lower. November showed the
strength.—Ware & I^elnm
Opening
OetolHT.. ..
November..
December..
11 k. ALABAMA *T.
GI BERT & CLAY
STOCKS, BONOS.
Cotton, grain,
COFFEE. PROVISION*
ATLANTA. OA.
IKMBCRSt
£** jork Stock Exrh.ings.lNew Orleans Cotton Exrbange.JCIi 1 eago no*to oi l r * u j.
York Cotton Exchange. New Orleans Stork Exchange.(Liverpool Cotton Asso»iatio»
New York Coffee Exchange.!New Orleans Board of Trade.|Galveston Cotton kxibinfa
. Private Wires to all L’xcksDges.
^«c*l and Long DisUnca Telephone 5293* W* R. FAGAN, Manager.
Ily Private Leased Wire.
New York, Aug. 21.—This morning’s mar-
ket had some abatement, although not
very great lu *tho face of the tremendous
speculative movement. Profit-taking lu
whnt evidently was much larger volume
Jhau the preceding days had a solwrlng
effect. At the same time. It cheeked the
swift advance In prices. Business accord
ingly fell off, although by all ordluary
standards of comparison. It was still ex-
ceedlugly heavy. ^ These changes, how
ever, were not of much ■ consequence to ni
ter the main character of the market.
Such reaction ns occurred In stocks which
recently led the rise was very moderate,
and the number of stocks which were
taken in hand for fresh speculative oper
ations were sufficient to keep the upward
tendency unimpaired. Louisville, Atlantic
roust Line, Great Northern and Northern
I’aClfle were the stocks particularly se
lected fqr attention In the pillroml group.
Among the Industrials, Colorado Fuel, I«o-
comotTve, Republic Steel nml the Coppers
were the features. The drift seemed, If
anything, to be more toward the Industrial
quarter of the market than It has hlth-
rta I toon.
The stock market opened Irregular.
Great Northern preferred rose In all
11-2, Louisville and Nashville gained
L Reading 3-4, Baltimore and Ohio and
Sugar 3-8, and Norfolk and Western
1-4. Amalgamated lost In all 1 point.
Steel preferred opened 3-4 lower.
Smelting lost 3-8 and United States
Steel common on 15,000 shares opened
off 5-8. Atchison opened at 1021-2
to 103, against 104 1-4 yesterday.
There was a good deal of talk on the
street after the opening about floods In
the West having caused a heavy tone
to the market in the early trading, but
on the board watchful traders thought
that the heaviest flood was In Wall
street. It was generally remarked that
the room had been supplied with more
stocks all day yesterday than It could
take, except at concessions In prices.
The statement was made that a big
life insurance company sold 60,000
shares yesterday and will deliver the
stock today. Other selling of a simi
lar character is reported from many
quarters, and in many Issues.
• While tne demand slackened mate
rially this mornjng, many of yester
day’s buyers were disposed to hurried
ly Hose their accounts because of fears
of a possible reaction. The heaviness
was most pronounced in the stocks
that have had the most sensational ad
vances within the last few days. Other
issues (that have had a steady and quiet
upward movement continue.
Room traders who took an aggressive
position on the bear side of the market
yesterday offered stocks freely all
around the room during the first hour,
but ns the hour drew to a close a stead
ier feeling developed, with buying or
ders coming In checked the reaction
and causing some material rallies.
London transactions in all amounted
to nbout 75,000 shares, with purchases
exceeding sales.
Government’s new 4s up 1-4. Other
bonds Arm.
LONDON STOCK MARKET.
RANGE OF NEW YORK STOCK MARKET
Amalgi.....
American Sugar
Atlantic Coast Line....
Anaconda
American Locomotive
do, preferred
American Smelling Refining
do, preferred
Atchison
do. preferred
America 11 Cotton OH
Baltimore and Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago and Northwestern,
Chesapeake snd Ohio
Colomdp Fuel and Iron
Delaware and Hudson.
Distiller’s Securities....
Brie
do, preferred.,
General BJecfrlc
Illinois Central
Amerienu Ice Securities
Louisville Slid Nashville
Mexican Central
National Lead
Northern Pacific
New York Central
Norfolk and Western...
Pennsylvania ..
People’s Gas*
Reading ......
Republic Steel
Itock Island
do, preferred
United States Rubber
do, preferred
Southern Pacific
Southern Hallway
do, preferred
Moss-Sheffleld
Tennessee Coni aud Iron
Texas snd Pacific
Union Pacific
United States Steel
do, preferred....
Virginia-Carolina Chemical
do, preferred...
Western Union
do, preferred *••••!!!!!!!!!!'
Wisconsin Central
do, preferred
Total stook sales today £281,900 sharesT
*
RANGE OF THE COTTON MARKET
AT NEW YORK
The following Is the range In cotton la
lire* lu New York todny:
a -
1
*
S
, k
3
Si
2Z
Close
n
r'->
Aug
H(*|»t
Oct
Nov
Dee. , . . .
Jan
Feb
March. . j .
8.81
8.87
9.08
9.09
9.17
9.25
9.26
9.33
8.80
8.91
9.10
9.09
9.19
%U
9.34
9.87
8.77
8.0
8.97
9.06
9.06
9.15
9.26
9.25
8.77
8.82
9.09
9.06
9.17
9.25
!».:m
9.38
8.RO-86
8.91-92
9.08-09
9.13-15
9.17
9.26-26
9.32-33
9.36-37
8.75-79
9.04-05
9.09-11
9.14-16
9.23-24
9.29-30
9.32-33
Closed very steady.
AT NEW ORLEANS.
The following Is Ihe range In cotton fu-
“ w Oi'
a
1
1
>
2
31
i ti
u | u£
Aug. . . . .
fiept
Get
Nov. . . . .
Deo
Jan. . . . .
Mnreta. . . .
9.60
9.15
9. OS
'9.09
9.14
*9.23
9.60
9.16
9.15
*9. if,
9.22
■»!ii
9.60
9.06
8.99
' 9.00
9.06
*9.ic
9.60
9.10
9.12
*944
*9!»l
9.50-601 9.50-56
9.16-17 9.12-14
9.11- 12 9.10-11
9.12- 13 9.10-12
9.13- 14 9.10-11
9.19-20 9.16-17
9.22-231 9.20-23
9.29-30 9.26-27
Closed steady.
WEEKLY WEATHER AND
CROP REPORT
8TOCK-
Anacenda
Atchison
Canadian Pacific.. ..
Chic., Mil. and St.
Brie.
Pennsylvania
Southern Paelfle.. ..
Union Pacific ..
United States Steel.,
do. preferred
WEATHER IN COTTON BELT.
Texas—Houston, cloudy nml hot, light
rain yesterday afternoon; Tyler, cloudy aud
warm, light rain yesterday afternoon.
Texas RalofftlJ—Beevllle, .04: Blanco, .46,
Bren ha 111, .50; Corpus Christl, .34; C orel-
ennn, .78; Cuero, .40; Dallas, .32; Dublin,
.50; Fort Worth. .10; Galveston, .76; Green
ville. .20; Houston, .14; Kerrvllle, .12; Lain-
pa silk, .16; Longview. .52; Lull »g. .32;
Mexbi, .10: Nacogdoches. .26; Palestine,
.14; San Antonio, .18; Hah Marcos, 1.02;
Sherman, .24; Taylor, 1.10; Temple, 1.10;
Waco, .60; Wnxnhntchle, 1.04;. weather-
ford. .20: Wharton, .34. , ,
Mississippi—Jackson, clear nml pleasant,
rain yesterday afternoon; Notches, partly
elomly. temperature 82; Meridian, clear nml
pleasant; Hattiesburg, Alierdecn and Am-
ory, dear ami hot; Tupelo, clear and pleas-
1 'Alabama—Birmingham, dear and warm;
Selma. Montgomery and Onellka, clear and
Imt; Huntsville, clear and hot, rain Inst
night; Mobile, clear and hot.
Georgia—Savannah, Macon and Columbus,
clear and hot; American, clear and warm:
Albany, partly cloudy and warm, had good
ralti Inst nlglit.
THEF
WEATHER IN WHEAT BELT.
Extreme Northwest—Generally cloudy, 44
to-64 nlmve: local rains; ruining nt Ualgnry.
Northwest—Cloud. 62 to 70 above; rains:
now raining at WHIIstou, Bismarck, and
^Yst'nmi Southwest—Generally fair. 6)
► 78 nlmve; showers nt Sioux City, Peoria,
t. IjOtiis and Springfield, Mo.
WEATHER FORECAST.
Louisiana. Alabama. Mississippi and Last
Texas—Showers Tuesday nnd Wednesday;
light to fresh southeast winds.
*• *- -Showers In the Interior nnd fair
st Tuesday uud Wednesday; light
winds, mostly south.
Hast and West Florida—Local rains Tues-
iv aud Wednesday; light variable winds.
West Texas—Fair In south portion nml
showers ami cooler lu north portion Tues-
»v nml Wednesday. . __
Illinois and Indiana—Showers tonight nml
tomorrow, cooler. . .. ..
Michigan. Wisconsin, town. Kansas, Ne
braska, South Dakota and North Dakota—
Showers tonight or tomorrow, easier.
Alnlmma—The day temperatures were
moderately higher, shower* wcje frequent
(luring the forepart of the week, when
the rainfall was heavy at scattered points.
The weather wns dear during the laat four
days. Rain needed in some northeastern,
south central and southeastern counties.
Arknnsns—The weather was very favora
ble. The temperature was slightly above
the normal. Excessive rains oecnrred In 0
few counties, but general I the rainfall was
light and well distributed. There was am
pie sunshine.
Georgia—Weather wns warm nnd oppres
she most of the week. Menu tempera
hire nbout 2 degrees above normal. There
wns nbumlnnt sunshine. Bains were lo
cal In character, being heaviest
mountain district. The rainfall wns slight-
ly below the normal, many sections re
ceiving mine.
Imtilslniin—Light scattered showers oc
curred daily, mid nt the close of the week
were general. The rtilnfnil wns deficient
In most sections. The temperature was
about the normal lu the west re 11 portions,
and nlmve normal In the eastern portions.
There wns much cloudiness the latter part
of the week. The sunshine wns deficient.
Mississippi—The temperature was nlsnit
1 degree nlmve the normal. The rainfall
wns ample, except In some rentrul and
northern counties, nml was excessive In
Warren, lAUderdalc nnd Clark comities.
The sunshine wns ample.
.. g
normal.
Hnlnfnl! somewhat nlmve normal for the
state, and was very heavy In the north
ern counties, where considerable damage
Oklahoma and Indian Territory—The
weather wns generally clear and dry- The
temperature was normal over the whole
section. The rainfall wns unevenly dis
tributed, being deficient except over scat
tered arena In the northeastern nnd*central
portions, whrro heavy local showers oc
curred.
South rnrollno—The temperature wns
nlmve normal, nnd wns unusually equable.
The sunshine wns deficient. Rainfall heavy
locally, but was much below normal In a
few places. Thunderstorms Werd frequent,
ami some were accompanied by high
winds,
Texas—While there wns considerable sun
shine (Hiring the week, there were scattered
light to moderate showers. The rainfall
wns nlmve the normal ou the southwest
ern const, nnd In one or two central nnd
northeastern counties, nnd some below the
norma! elsewhere. Numerous counties, es
pecially In the western half of the state,
received no rainfall. The temperature was
slightly higher than usual, except In west
ern, southeastern nml eastern comities,
where It wns below the normal.
Tennessee—The week wns wnrin. with
scattered showers, nml while the rainfall
was generally below the normal. It was
sufficient, as a rule, for Immediate needs.
THE COFFEE MARKET.
North Carolina—The weather was
orally warm nml sultry. Temper
averaged about 3 degrees above
New York, Aug. 21.—The coffee market
opened steady at unchanged prices to a
decline of 6 points, nml ruled on about the
Initial basis dnrlng tho forenoon. Trad
ing wns only moderate, sales to midday
Imlng souk* 2,000 bugs. The opening was
About ns due ou the forclgu cables, nutl
the tone of the uinrket was fairly steady
nt a decline, with no fresh speculative fea
ture.—Glbert k. Clay.
Opening range and close of the New York
coffee market for today wns ns follows:
Opening
Its use. (’lose.
....7.10-7.15 !• 06-7.10
NOTES ON GRAIN
Pointers on Provlllons.
Private Wire to Ware & I.elnml.
Chicago, Aug. 21.—Very small trade In
wheat at the opening. A little demand front
pit operators, uud little selling by “
northwest.
No snap to the wheat market todny.
Nerv'ous shorts covered yesterday, and de
mand today Is light.
Flour shipments at Mluuenpolls 47,165 bar
rels.
Minneapolis wires: “Market starts off
bare of orders from outside. Conflicting
reports on threshing returns, but elevator
people generally are satisfied. No feature
to MlmicnimllH yet, except buying of Hep-
Aunber and selling of Decetulter.
••Reports yesterday of damage to about
10,000 bushels of wheat on account of hot
weather seems to l»c very extreme from
Inter reports. There was prolsibly some
shrinkage. Weather north now Is good."
Country acceptances are tight of
grains. Bids Inst night In some eases did
not follow the full advance of yesterday
In, future*. •
• Provisions n shade easier. Some commis
sion house buying of lard with selling by
local longs. Trndo light, with no particu
lar features.
Private Wire to Glbert & Clay.
Chicago, Aug. 21.—Believe northwest news
of poorer returns than anticipated will give
“i steady nnd higher wheat market.
Corn acts firm; short Interest large.
Liberal receipt* of oats, luit country
ill not sell freely nt these prices.
The Record-Herald says: “Wheat spec
ulators took fright yesterday nt the close
at hot weather damage to late wheat lu
North Dakota without stopping to think
how great this damage could bo figured.
Ou the most liberal basis. It could only
bo sinnll, provided the da mage wns of re
nt date, and not the culmination of dam-
A big miller sold yesterday that buyers
were not falling over each otbnr to lay I11
11 big stock of flour, but we are doing 11
good, steady trade. The htiyc&. how-
evor. only work from hand to mouth, and
wnht. sverything delivered right away,"
Sales of cash grain III Chicago: Thirty-
five thousand wheat, 270,000 corn and 150,000
onts.
Charters were made for 100,000 corn at
Se to Buffalo.
age
GIBERT & CLA> 8
DAILY COTTON LETTER.
New Orleans, Aug. 21.—In tho early sea
son of the Liven—* —— * --** *
very sternly nml
slwu of the Liverpool market options were
, . „ ana advanced "—““
general covering by shorts.
January..
February..
March.. ..
.. 7.15-7.25
7.28
7.25-7.10
. ..7.35-7.40
. ...7.40-7.60
.. ..7.45-7.60
, ....6.90-7-00
.. ..0.90
. ..6.90-7.00
.. ..6.96 7.05
7.06
7.1UMI
7.20-7.*!]
7.25-7. ■
7.80-7.®
7.35-7.g
7.45-7..“
6.75-6.!. -
0.75 *.W\
6.85-6.90
6.90-0.96
7.00-7.06
Elevator stocks lu Chicago nre: Wheat-
Public 8,071,000; private 5.362,000. Total,
13,373,000; Inst year 5,120,000.
Corn—Public 638,000; prlrnfe 936,000. To
tal 1,473.000; Inst year 3,998,000.
Oats—Public 823,000; private 2,321,000. To-
tnl 3,144.000; Inst rear 6,604,000.
John I'jitotff of .1. F. Harris A Co., bought
500,000 May corn.
SOUTHERN EXCHANGE
oiliest Established Office South.
COTTOI—STOCKS—BOBOS—GRAIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
advanced considerably
— „ — j by shorts, but later,
when the opening weakness of the Amer
ican markets been mo apparent, the greater
portion of the Improvement wns lost until
closing prices were from lf|2 points over
the prerloua /lay’a Jerela. Hpot Mica were
5,000 bales 3 {mints higher. The eueour-
ngement furnished l»y Llverp(M>| mi the
tpenlng of the cIs-Atlautlc markets was
Ittle needed, nml under the hiltneiice of
ree offerings, and In the absence of any
lemnnd. prices broke rather sharply, inn-
crhitly aided by the liquidation of the us-
ini long Interest bought In anticipation
•f n further reaction. However, when nn
.. fresh buying jamer set In. The gov
ernment's review of the weather for the
ek was entirely satisfactory, the
uplnlnt recorded being tho uneven
Ion of moisture. But tho free
In which cotton Is moving In Texas
— Jt evident that the weather has
lieen favorable for picking, while reports
from the eastern lielt Indicate general re
lief, In that thus far the critics) month
of August has been bridged with uo more
than expected deterioration, making all
the more nssured the prospect for a spleu-
did out-turn.
L. J. ANDERSON £ CO.'S
DAILY COTTON LETTER
WHEAT OPENED
SLIGHTLY LOWER
Unresponsive Cables From
Liverpool Market the
Influence.
PRESSURE WAS LIGHT
Rains in Northwest Offset
the Cables and Had a
Steadying Effect.
By Private Leased Wire.
Chicago, Aug. 21.—Wheat held up well la
price until the world’s risible supply of
wheat wns received, showing on Incrensa
of 3,694,000 bushels for the week, against
nn Increase of 1,263,000 bushels a year ago.
This mused aotne selling and the lw*t prices
of the day were .not well held, yet there
wns considerable stubbornness on the soft
spots.
■The report thnt the Hhearson-Hninmll line
the exporters were resellers
wheat here was kept under cover. New
% ‘ork wns a steady seller ail dny.
Wheat closed %c- below the best prlc#
reached, yet showed gains of **© , 4c p for the
(lay.
l orn closed quiet nt upturns of V’-
Onts closed higher to He lower.
Hog products were n simile lower for 1
ml fractionally better for Jnrd aud rll
Cash sales of grain were small.
or k
PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat nnd corn:
Wheat—Receipts today *J03.ono bushels,
xalust 556.000 last year: shipments today,
>6.000 bushels, against 436,OOo bushels Inst
Corn—Receipts todny 411,090 bushels,
against 606,000 bushels last year; shin-
luefits today 460,000 bushels, against P'4,-
000 bushels Inst year.
CHICAGO GRAIN MARKET.
New York, Aug. 21.—The Liverpool
future market was stronger than an
ticipated thin morning, opening 6 to
10 points up, but this advance wns lost
nt the close on the failure of the New
York market to follow. Liverpool has
shown 11 tendency to resist the New
York decline ull along, and no doubt
would welcome nn advance at this
time, but the aplnncrn there do not
care to take the lead In a situation of
this kind. The market seems to have
pretty well discounted evon the favor
able prospects, and ns the crop Is by
no means made there will probably be
many scares between this time and
such time as the spinners have ob
tained cufflctent supplies of new cotton
to ease the situation. Boll wtevl! and
shedding are now becoming familiar
complaints In the dally reports, and
will probably have considerable weight
around 9c cotton.
for today
Open.
WHBAT-
?fc
C&ttN-
$
“ay. 45
OATH-*
Sept 29V4
Dec 39%
May 83
POUK-
Sept.. 17.12%
Jan.... 18.32%
LAUD-
Sept, a 8-70
Oct.... 8.70
Jan... 7*7%
SIDESJj-
Hent... 9.00
Oct.... 8.72% 8.75
Jan.... 7.27% 7.a»
A8II WIIBAT-
o. 2 red 71!
2 hard winter 5
8.70
8.70
7.87%
9.00
i:S* m
7.KH :.I7«
».w
T.J2H
1:1
8.67%
fi
9.00
8.75
7.25
CHICAGO CAR LOTS.
• THE 8UGAR MARKET.
By Private Leased Wire.
New York, Ang. 21.—Local sugar, refined
and raw, unchanged. Ixmdnn lx»et steady;
August 9s 2%d; September 9s l%d.
Wheat.,
Corn;.
Data..
Bogs..
Today. Tomorrow.
y*» 11T
NORTHWEST CARS*
Tbs following figures give the northwesl
cars today, laat week aud last year:
141 st Laat
Today. Week. Year.
Minneapolis 227 71 ::
Duluth. a 44 47
LIVERPOOL GRAIN MARKET.
Wheat—Opened %c higher; at 1:30 p.
%e higher; cloaed ^
Corn—Opened %<~
%c higher; closed
Girardeau is honest, clean
and well qualified for the
position of county treasurer.
hi %c oigner; nt i:su p.
wed He higher.
r higher: nt 1:30 p.
Y4Cr%c higher.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REFERENCE. THE NKAL RANK
PHONE 1417. PRUDENTIAL BLOC
Everybody admits the
race for Treasurer is be
tween Culberson and Wood
ward. Who do you want to
win? / .
HUBBARD BROS & CO., Sis
Atlanta Office,, 219-221 Century Building.
Member* New York Cotton Exchange. New Or-
lean* Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchange*.
Direct wire service. Correspondence Invited.
Phone* 454, Long Distance 39. A.S. Hugtnce. Mgr.
‘ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vlcs-Prsaldant.
H. T. INMAN, Vics-Presldant. QEO. R. DONOVAN, Caahlar.
JAMES S. FLOYD, Ass’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
Frank Hawkins, President.
H. M. Atkinson. V. P. TnomssC. .. ,
Joseph A. MeCord, Cathler. B. W. Byers, Asst. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. w. Cslhonn.
Milton Dargnn.
John W. Grant.
Jl. T. McCord.
DIRECTORS:
Frank Hawkins.
II. 31. Atkinson.
Joseph A. MeCord.
Ntw Orfeatf.
CCnTON^RAI^.^ROVIsfoN'sjsTOCKSpBONDS,
Nt. t Will St., Ptttrs Bvildiag, A flat la. Ct.
ULVBERS:
tew fork Csffes lickiM*. CkUagt Board of Trade,
few Orient Cotton fklcago Stork faekaoge.
II.rratal Cottoo AtiOilatle*. *tw York Coffee httiaage.
frlealt Wires to Mew feet. Mew Orient, Chicago. B. C COTHRAN, Mjanager.
Bell fkeee 1243. StaadardPbeet
TH08. J. PEE PLUS, Cashier.
JAB. G. LEST Kit, Ass't Cashier.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNTS INVITED
$200,000.00
$500,000.00
We invite nccounts of individuals, corporations, banks
and bankers and offer tho best terms consistent with
conservative banking.
st at the Hate of 3 1-2 per