Newspaper Page Text
EDITED BV
JOSEPH B. LIVELY
yCtHE GEORGIAN’S RECORD OF MARKETS AND FINANCE")
Mr. Lively's 25 years' experience
if editing markets In Atlanta and
the ftotith has made him a reo*
cgnlted authority In bis specialty.
OPTIONS OPENED
SLIGHTLY BETTER
Soon After tlie Call Prices
Dropped Under Last
Night’s Close.
NEWS AND GOSSIP
Of the Fleecy Staple.
beaks against rise
Pressure Designed, to Fur
nish Better Basis For
Covering Big Lines.
By Private Loosed Wire.
Now York, Aug. 21.—The cotton market
opened steady up 2©5 points, and while
Wall street continued a buyer, there-up
iie.ired to be stroug efforts from other
sources to break the list, and pit traders,
iis a class, were ngulust it. Soon after
the call, prices dropped under last night's
close, and by 10:16 u. in. wure 7@9 points
o<*r lower. It was rumored that some of
th<- hear pressure was designed to fur
nish a Indter basis for coverings in some
bi^ lines existing here.
An effort was made to advance tlio prlco
of cotfhii this morning which was success-
Ml during the morning trading, during
v, hlcli time yesterday's high point was
passed some 2fj5 points on some Wall
street buying, ami reports of rains In
Texas, which It was thought would curtail
receipts and stop picking in thut section.
After advancing to a point some 4®8
points above yesterday's dual figures, prof
it faking resulted lit « loss of nil the early
advance, and lu tlio early afternoon the
market was selling slightly lower thnu
Hie previous close, with the tone steady.
Galveston received 6,702 bales new to
day. New Orlenus 93, Houston 8,989 and
Augusta 4.
Receipts of new cotton to date at Hous
ton H.(15 bales.
A better feeling prevailed Just before the
close, which was very steady 3®5 points
SPOT con ON MARKET,
Atlanta, quiet at 9 7*16e,
New York, quiet at JO.lOc.
New Orleans, irregular at 974c.
Liverpool, quiet qj 5.41d.
Augusta, quiet at 9%c.
Savannah, steady nt 9 11-16c.
St. Louis, quiet nt 9 9-16c.
charleston, quiet ut 9%e.
Houston. steady at 9%t\
Heston, quiet at lO.lOe.
Galveston, quiet at 9%e.
Memphis, quiet nt 914c.
Norfolk, steady nt 9%e.
Mobile, quint at
Wilmington, nominal.
Haitimore, nomtual.
Private Wire to GI Lett & Clay.
New York, Aug. 21.-Liverpool opened 4
to 6 Ul». hxpectett to Im* 2 to 3 up.
Plenty of eottou for sale and uo demand.
covering^ 1 vubU ‘* : sternly, bears
Houth Texas ndvlslug plenty of rntus. This
will curtail receipts mid stop picking, and
It is only source of supply of new cotton
at the uiomeut.
, - ... day
confined to goods for quick delivery. The
Jobbing houses did an excellent business
from the time the doors were opened, In
one house alone fully 150 buyers passing
In before 10 o'clock. The character of the
demand is such that office forces are kept
very busy. It Is Impossible to grant largo
deliveries, and buyers who would take ten
cases must be content with five, so tlrnt
many entries are made before the day's
overturn is completed. There is some «Uf-
fereiiee of opinion ns to what the market
will do lieforc the eml of the year, but
everyone is agreed that the Immediate sit
uation Is stroug and steady, with no accu
mulations In sight and nothing to show
that the deuiaml will Ik* materially less
for some time to come.”
Liverpool Uns been a very large buyer all
the morning. Think the market should do
better temporarily.
IBooks ns though rains might Interfere
with picking In only station that Is now
supplying much cotton In Texas*
New Orleans, Ang. 21.—Liverpool nt -
higher Is much better tliun due. nu advance
of 3 points only being expected.
Market entitled to n little more reaction,
but lacks snap. Would sell on all good
bull
llges.
The decline tills, morning Is due to the
lug out of some long cotton bo
ting a further reaction. There appears
be n lot of cotton for sale with but
few fakers.
A dispatch from Nnvnsotn. Tex., says:
‘•Showers have fallen plentifully here and
there through this section tile post week.
In few Instances has the picking of potton
been materially interfered with, but stalk
growth has been most favorable, and gen
eral conditions ndverso to further fruiting
freely encouraged.”
Private Wire to Ware A* LeJnnd.
New York. Aug. 21.—Liverpool futures
opened steady at 6 up on near and 7 up on
late. At 12:15 p. in., 5 to 7 up and steady.
Hales 5.000 spots, 3 up nt 6.4id. Futures
were due to conic unchanged to 5 up.
Cables are favorable; although spot sales
con hi Ih» larger.
Unless Liverpool enses off we should come
nt least 6 points higher.
Rears covering on Liverpool cables.
Geer heavy seller of December, weld
took 2,000.
New Orleans, Aug. 21.—'The market Is
quiet and somewhat steady. Arotind.Dc
ninny operators hesitate to sell, and further
iMMirlsh crop devoir - —** ■*
heavy movement wl
continued
TODAY’S PORT RECEIPT8.
The following table shows receipts at the
parts today, compared with tbs same day
last year:
New Orleans. . . ,
Galveston
Mobile
vacuah
Ghnrleston: . . .
ulluiliigtoii. . . .
Norfolk
1 "it Townsend. .
INTERIOR MOVEMENT.
The following table shows receipts at the
Interior towns Unlay, compared with the
same day last year:
LIVERPOOL COTTON MARKET.
Liverpool, Aug. 21. 12:15 p. m.— Cotton,
»*i*..t quiet, with prices sternly; middling
uplands 5.41(1: sales 5.0»; American 4.-
•'"'i speculation mid export 509; receipts 1,*
Y" 1 : nil American.
Futures opened steady.
opening • Previous
Range. Ulnae. I .'lose
August 5.18-6.14 5.11 6.10-5.11
August-Kept. . . .6.10 5.05 5.03-5.01
Sept.-net. .... ,5.05-6.03 4.99 4.97-4.98
O-t.-Nov 5.02-6.01 4/00 4.95
Nov.-| ice 5.01 4.90 4.95
Dec.-Jan 5.02 4.97 4.96
J-U.-Fcl. 5.0.7 4.10 4.97
I’H, March 5.06-5.03 5.01 4.98-4.99
Mar. h April 5.06-6.07 5.02-5.03 5.00-5.01
April.May. 5.08 5.03-5.04 5.01-5.02
Ware & lgland’8
DAILY COTTON LETTER
prIrtiVHMPHIIVIVEPMPmMPQMI
"filing, but on the rise cotton seemed
’ • for sale, and as a result the tone had
i |M*arnnce of benvlne.ss ns soon ns ag-
'■•-ire o|H>nitions censed. The reaction
"et at all surprising, and. ns we jH»|nt-
d yesterday, a rally of 20 or 30 imlnts
• '«mt due. It Is a question now wheth-
' i'*re will be enough uncertainty and un-
-s among shorts to bring them Into
• irket In sufficient numbers to bring
• ' much more of an advance. Crap re-
- •'•ntliiiie of such a'nature that an
• : nt.* basin for a general buying move-
• is not In sight. On the other hand,
have reached n level where n less
■ 'Mol market might* Im* expected, and
t<! after the frost period the slxe of the
"!• will be of conns* a matter of conjee-
r * From time to time substantial rear-
' to tie anticipated, but there la ns
' nothing in sight upon which to base the
•t that the eottou market has passed
gh the declining period of prices and
• large receipts of new’ cotton nt the
• - ut figures are twglnning to act ns ft
Kilning factor. In nil probability It
Vote for J. G. Woodward
for County Treasurer.
THE WEATHER.
LOCAL FORECAST.
WEATHER CONOIIIONS.
With but few exceptions, there 1ms been
n general decrease In air pressure over the
entire country enst of the Rockies. The ba
rometer Is still highest over the southeast,
though but little almve normal. The cen
ter of lowest pressure Is over Wyoming,
Idaho and Nevada. *•
The rains In the last 24 hours have been
local In character nml have been confined
to no particular sectlou of the couutry.
The temperature has chnugod but little
In the last 24 hours, continuing high over
the couutry oast of the Rockies.
The conditions favor continued warm
wen fher In this sectlou, with local showers
tonight or Wednesday.
J. B. MAHBUBY.
Section Director,
TONE IRfiEGUU
Some Good Advances Were
Shown in the Opening
Dealings.
DECLINES WERE FEW
London Traded in About
75,000 Shares During
the Morning.
COTTON REGION BULLETIN.
STATIONS or
ATLANTA
DISTRICT.
. cloudy.
Atlanta, p. w
‘Chattanooga, p. cloudy..
Columbus, clem*. .
Gainesville, dear.
Greenville, clear. .
Griffin, clear. . .
•Macon, dour. . .
Monti cello, clear. ,
Newnau. clear. . .
Rome, clear. . . .
Spartanburg, clear.
Tallapoosa, clear. ,
Toecoa. clear. . .
West Point, clear.
>.!
a-i
nr
By Private Leased Wire.
New Vock, Aug. 21.—This morning's mar
ket had some abatement, although not
Very great in tbo face of the tremendous
speculative movement. Proflt-taklug lu
what evidently was much larger volume
than the preceding days had a sobering
effect. At the same time, It checked the
swift advance lu prices. Business accord
ingly fell off, although by all ordlmiry
standards of comparison. It was still ex
ceedingly heavy. These changes, how
ever, were not of much consequence to al
ter the main character of the market
Such reaction ns occurred In stocks which
recently led the rise was very imMlerate,
and the number of stocks which were
tnken In hand for fresh speculative oper
ations wore sufficient to keep tlie upward
tendency unimpaired. Louisville, Atlantic
Const Line, Great Northern ami Northern
Pacific were the stocks particularly se
lected for attention In the pall road group.
Among tin* industrials. Colorado Fuel, lo
comotive, Republic Hteel ami the Coppers
were the features. Tin* drift seemed, If
anything, to be more toward the industrial
quarter of the market than It has hith
erto been.
The stock market opened Irregular.
Great Northern preferred rose In all
11-2, Louisville and Nashville gained
1, Reading 3-4, Baltimore and Ohio and
Sugar 3-fl, 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 ail day yesterday than it could
take, except at concessions In prices.
The statement was made that a big
life Insurance company sold 50,000
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 the demand slackened mate
rially this morning, many of yester
day's buyers were disposed to hurried
ly close 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 Hrat 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 nil amounted
to about 75.000 shares, with purchases
exceeding sales.
Government’s new 4s up 1-4. Other
bonds Arm.
RANGE OF NEW YORK STOCK MARKET
AinnlgnHinted C
American Hugur
Atlantic Coast Line...
Anaconda
American Locomotive
American Cotton Oil
. . preferred
Chicago and Great Western
Chicago. Milwaukee and St. Paul .....
Delaware and Hudson
Distiller's Securities
Brie
do, preferred
General Electric
Illinois Central
American Ice Kecurlties.
Louisville sml Nashville
Mexican Central
Missouri Pacific
New York, Ontario and Westerr.
National Lead
Northern Pacific .....u...
New Y’ork Central a...
Norfolk and Western A..
Pennsylvania
People's Gas
Pressed 8tecl Car
do, preferred...
Pacific Moll
Heading
Republic Hteel
Rock Island
do, preferred ......
United States Rubber
do, preferred
Southern Pacific
Southern Railway
do, preferred....
Bloss-Hhefficld
Tennessee Coal and Iron
Texas nud Pacific
Union Pacific
United States Steel
do. preferred
’ ln-Curotlun
prrfffnd.JMM
Wextern Union
Wabash
do, preferred
Wisconsin Central
do, preferred....
Total stock sales today 2,281,1mm) shares.
| l »m»n| l Wgh|Loif rcr»p[lll.l li-T
NOTES ON GRAIN
Pointer, on Provision,.
M
RANGE OF THE COTTON MARKET
AT NEW YORK*
9.08-09
9.13-15
9.17 ■
9.25-26
9.32-83
9.36-37
8.75-79
8.86-88
9.04-96
Closed very steady.
AT NEW ORLEAN8.
Aug. .
Sept. .
Get. .
Nov. .
Dec. ,
Jiyi. .
’■J
9.50-60
9.16-11
9.11- 12
9.12- 13
9.1314
9.19-20
9.22-23
9.29-30
9.60-56
9.12-14
9.10- U
9.10- 12
9.10- U
9.16-n
9.20-23
9.26-27
Closed steady.
WEEKLY WEATHER AND
CROP REPORT
LONDON STOCK MARKET.
STOCK—
•Minimum temperatures are for the 12-
hour period ending nt K a. m. this date.
HEAVY RAINFALLS.
Greon*lK»ro. N. (’ 1.94
liar lest on.
Galveston. ,
Little Rock.
Memphis. .
Hi
Dlat. Averages.
72
ill
Mobile
Montgomery..
New Orleans.
Oklahoma. ,
Huvaunah. . .
Vicksburg. .
Wilmington. . . . .
T indicates Inappreciable rainfall.
REMARK8.
The temperatures were slight I* lower In
the western districts, with vefy little
change over the remainder of the wit.
Light rains occurred except in the Mobile
Monu.m.-rv dtatrkU
flection Director.
Why is Wc/'dward mak
ing his fight against Culber
son alone? He knows Cul
berson is the man he has got
to beat.
COTTON SEED OIL MARKET.
K,w York. A nt:. !t.—The murker for rot-
ton Mr. I nil win fairly nrtlvr nml nitnllj
wrnk. with stilt low,r rwonln nmrtr on nil
ilrllvrrlr*. Tin- nrrwmrr ritrmlnl from
Septomln'r forworn. Union wore nullr lll>-
rrnl. nml I In- drmaml. liiltnrnrinl by thr rr-
crllt n-rnklirsn lu rottoti, fnvornlil. crn|i nml
wrnttirr rf|„irt« nml thr nlnnwr of nowwrl-
Inir orrtorn. won rnthrr dlMuirtaUiig. Tlio
ilrrllm n have Inn'll mi much thnt nomr In-
Irriat In hrln* mlrnctrd I" thr umrkrt, nl-
llimikh thr rlnliun of ii cotton crop iif prrr
1-OOllOOl bnlrn In ■•xortlllg n Kiv.nl ilrnl of
ItiBurmr. Tim nmrkrt nt thr rlmw trim Y,r
„n to i.r lower. .Vovrmww nhowwl tur
ntrrliKth.—Wore k Iwlaiiil.
OlvrillnK
IlnUKr. Closr.
Anitnni. ISej* « ««,,
ttetvlrmlver ^H«Jl Jt
Ortohrr s l*SXi
u
GIBERT & CLAY
’• *■ ALABAMA AT.
STOCK, QONDL
COTTON. OR A IN.
COFFEE. PROVISION*
M EM DEMI
ATLANTA. OA.
Prlvotr Wire* tonll tlcMnyrn
L*«*l and Long Dl,Une« Taltphen, 5298.
w. n. FAGAN, Minjntr.
Annnmda
Atchison
('a mid bin Pnrlflr.. .. .. . .
t'lilc., Mil. and 8t. Paul...
Krle
Illinois Ontrnl . . .
ismisvilh* nml Nashville. . ..
Rending
Pennsylvania j
Southern PmMfle., ,,
Union Pacific ..
United Htates Hteel.. .*. .. ..
do. preferred t
WEATHER IN COTTON BELT.
rnnu. .78: t’llrro, .S>; IWIInn, .32: Dulilln.
.BO; Fort Worth, .10: Onlvrntcm. .76: Own-
vtltr, .20; tlou.ton, .14; Kvmille, .12; I nun.
pnnFn. .10; IningTlrw. .62; l.ulln*. .«;
Mrsln, .10; A'noogiloolien, .26; I’nlrntlnr,
.14; 8nn Antonio, .18; Hun darcM, 1.02;
Hhrmum, .24; Tnylor, 1.10; Tomple, l.lo;
Wuro, .60; WnXKhalilllr, I.M; Wrnthrr
fort, .20; Whftrton, .54
Mlnnlanippl—-larluon, rlear nml plaannnt.
rain yrnirnlny nfrernoon; Nnlrhra. pnrily
rlouily, temperature SJ; Merldlnn. clear nml
pirn aunt; llnttlrnlmnr. Alvenleen nml Am-
ory, eliHir nml hot; Tupelo, clear and pleaa.
"'Alabama—Dtrwln,haui, clear anil warm;
Hclmn, Montgomery ami Opelika, clear anil
hot: ilnntnvTtle. clear nml hot. rain Inat
night: Molille. clear anil liol.
fleorgln—Snvnnnah. Macon and Columhiia.
clear nml hot; Amertrna, clear and wnrm:
Allmny. iiartly cloudy nod warm, had rant
rain I'aat night.
WEATHER IN WHEAT BELT.
Extreme Northweat—tlenemlly cloudy. 44
to 64 nlnwe; hn-nl ralna; raining at t nlgnry.
.Northweat—flood. 62 lo 70 above: ralna:
now raining at Wlllltloo, lllamarck, and
"ti’eit' n'uii Smithwcat-llenerally fair, 6}
lo 7* almve: ahowera nt Sioux city, I'eorla,
St. Inmla nml Sprlllgfleld, Mo.
WEATHER FORECAST.
Imiilalnmi. Alolmina. Mlaalaatpnt and Eaat
Texas—Shower* Tuesday nnd Wcdnewlay;
litrlit lo frenh nootMMt wind,.
tlisvrgln—Khviwcra In the Interior and fair
on the coast Tneinliry nnd Wedmmlay; light
W Kn st hi! 11* Vt^eat * FI nrl dn—7 nven 1 rain. Toe,,
day and Wednesday; light variable winds.
West Tex.ns—Fair In south portion nnd
showers sml cooler In north |H)rtlon Tues-
dsv nnd Wednesday. , .. ,
Illinois nnd Indiana—Hhoweri tonight and
tomorrow, cooler.
Michigan. Wisconsin, lows. Ramus. Ne-
brnsks. Booth Dakota itful North Dakota—
Showers tonight or tomorrow, *.*ooler.
Alabama—The day. temperatures were
moderately higher, showers were frequent
luring the forepart of the week, when
the rainfall was heavy nt scattered points.
The weather was clear during the last four
days. Rain needed In some northeastern,
south central and southeastern comities.
Arkansas-Tlie weather was very favora
ble. The temperature was slightly above
the normal. Excessive ruins occurred In
few counties, but genernll the rainfall was
light nnd well distributed. There was
[tie sunshine.
Georgia--Went her was wnrm and oppres
sive most of the week. Mean tempera
Hire nlKint 2 degrees almve normal. Ther*
was nbuiidaiit sunshine. Rains were lo
cnl In character, being heaviest In tin
mountain district. The rainfall was slight
ly Mow the normal, many sections re
THE COFFEE MARKET.
£il. The rainfall was deficient
In most sections. The temperature was
about iho normal In the w#lrwi jmrtlons,
and almve normal In the eastern tH/rtltw*.
There was much cloudiness the latter part
of the week. The sunshine was deficient.
, Mississippi—The temperature was about
1 degree almve the normal. The rainfall
was ample, except In some central nml
northern counties, nml was excessive In
Warren, Mnudewhile and Ohtrk counties.
The sunshine was nmple.
North Carolina—The weather was gen
erally warm nnd sultry. Temperature
averaged nlwnit 3 degrees almve normal.
Rainfall somewhat almve normal for the
state, and was very heavy In the north
ern counties, whew* considerable damage
was done.
Oklahoma and Indian Territory—The
weather wna generally clear and dry. The
temperature was normal over the whole
section. The rainfall was unevenly dis
tributed, being deficient except over scat
tered nrpna In the northeastern nnd cetifral
portions, where heavy local showers oc
curred.
South Carolina—The temperature was
almve normal, nnd wna unusually equable.
The sunshine was deficient. Rainfall henry
locally, Imt was much Mow normal lu a
few places. Thunderstorms were frequent,
find some were accompanied by high
winds.
Texas—While there was considerable sun*
tine during the week, there were scattered
light to moderate showers. The rainfall
was almve the normal on the southwest
ern roast, nud lu one or two central rand
northeastern rountles, and some below the
normal elsewhere. Numerous counties, es
pecially In the western half of the state,
received no rainfall. The temperature was
slightly higher than usual, except lu went-
rrni simwcrs, mm ihe imuim,
generally Mow the normal. It was
sufficient, ns a rule, for Immediate needs.
New York. Aug. 21.—The coffee market
opened steady at unehangml prices to
d<*clltie of 5 point** a ,,,, r u, ‘*d about the
Initial basis during tin* forenoon. Trad
ing was only moderate, sales to midday
being some 2,000 hags. The opening was
nlmut ns due on the foreign eshles, and
the tone of the market was fairly steady
nt a decline, with no fresh speculative fea
ture.—Gll»crt & Clay.
Opening range nnd clone of the Sew York
coffee market for todoy was as follows:
Opening
Kan go. Clone.
January 7.10-7.16 7.06-7.10
February 7.15-7.25 7.1.VYJM
March./ 7.26 7.20-7.2?
April 7.35*7.80 7.25-7.D
. ,,7.35-7.40 7.30-7.3*.
...7.40-7.50 7.35-7 44
.. ..7.46-7,80 7.45-7.60
....6.90-7.00 6.75-6.80
.. ,.6.90 6.76-6.80
..6.90-7.00 6.86-00
. ..6.96-7.06 6.90-6!%
....7.06 7.00-7.06
April.. .. .. .. ..
Mny
June
July
August
Hcptetttlier
n#»to>H*r.. ..
November
December..
nosed ntendy.
Klerntor storks In Chicago are: Wheat—
Public 8,071,000; private 6,362,000. Total,
13.373,000; Inst year 6,123,000. -
Corn—Public 588.000; private^36,000. To
tal 1,473.000; last year 3,998,000.
Ofito—Public 823.000; private 2,321,000. To-
tal 3,144.000; Inst year 6,604.000.
John Upton, of J. F. Harris * Co., ImitghC
600,000 May corn.
SOUTHERN EXCHANGE
OldMt Extabltiih.il Offlc# South.
COnOH—STOCKS BONOS—GRAIN
Ground Floor Oould Building. Dally
market l.ttrr nnd market manual
malltd on application.
L J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RtrCRCNCX, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
HUBBARD BROS & CO., mSants
Atlanta Office.. 219-221 Century Building.
Member. New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton A»«o-
ci nt Ion, Chicago Board of Trade, Sew York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire «ervlce. Correspondence invited.
Phonet 454, Long Distance 39. A.S. Hustacc, Mgr.
Private Wire to "Ware & Maud.
Chicago, Aug. 21.—Very small trade lu
wheat at the opening. * A little demand from
pit operators, nnd Utile wiling by “
northwest.
No^ snap to the wheat market today.
Nervous shorts covered yesterday, and do.
luuiid today is light.
Flour shipments iit Minneapolis 47,165 bar
rels.
Minneapolis wires: "Market starts off
bare of orders from outside. Coiiflhdltig
reports on threshing returns, hut elevator
people generally are satisfied. No feature
to Mhinenpofta yet. except buying of Sep
tember nml sidling of December.
"Report* yesterday of damage to about
10,000 bushels of wheat on ueeoiint of hot
weather seems to be very extreme from
later reports. There was prolmhly some
shrinkage. Weather north now Is good."
Country nccoptauco/i are light of
grains. Rids last night lu some rases «_
not follow the full advunce of yesterday
iu futures.
Provisions a shade easier. Some commis
sion-house buying of lard with selling by
local longs. Trade light, with no particu
lar features.
Private Wire to albert & (lay.
Chicago, Aug. 2L—Believe northwest news
of poorer returns thnu anticipated will glvu
us sternly nnd higher wheat market.
Corn acts firm; short luterest large.
Liberal reoelid* of oats, hut couutry
will not sell freely at these prices.
The Record-Herald says: ••Wheat spec
ula tors took fright yesterday nt the close
nt hot wenther damage to In4e wheat in
North Dakota without stopping to think
how great this damage could lie figured.
On the most liberal basts, it could only
be small, provided the damage was of re
cent date, nnd not the culmination of dam
age.
"A big miller said yesterday that buyers
were not intllug over each other to lay 111
a Idg stock of flour, but We are doing a
good, steady trade. The buyers, how
ever, ouly work from hand to month, niul
want everything delivered right away."
Hales of cash grain in Chicago; Thirty-
live thousand wheat, f70,000 eorn nnd 150,000
oats.
Charters were made for 100,000 corn at
2c to Buffalo.
GIBERT & CLAV8
DAILY COTTON LETTER.
New Orleans, Aug. 21.—In the early ses
sion of the Mvernool market options were
very steady nml advanced considerably
on general covering by shorts, but Inter,
when the opening weakness of the Amer
ican markets hontiuc apparent, Hie greater
imrtlon of tho Improvement was lost until
rinsing prices were from W'J points over
the previous day's levels. Hpot sales were
5,000 hales 3 points higher. The encour
agement furnished hr Liverpool on the
opening of the els-Atlautle markets was
little heeded, and under the influence of
free offerings, nml in the absence of any
demand, prices broke rather sharply, ma
terially aided by the liquidation of the us
ual long interest bought lu anticipation
of n further reaction. However, when nu
advance did become Imminent, the desire
to lend assistance was restricted by the
weakness prornJJJng abroad, ond It was
not until the foreign markets dosed that
n fresh buying power set In. The gov
ernment's review of the weather for the
past week was entirely satisfactory, the
only complaint recorded being the uneven
distribution of moisture. But the free
manner In which cotton Is moving In Texas
makes It evident that th»* weather has
been favorable for picking, while reports
from the eastern belt Indicate general re
lief, in thnt thus far the critlraj mouth
of Augntt has been bridged with no inure
than expected deterioration, making all
the more assured the prospect for n spJen
did out-turn.
WHEAT OPENEO
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, Ang. 21.—Wheat held up well la
price until tlie world’s visible supply of
wheat was received, showing .an Increas*
of 3.694,000 bushels for the week, against
Increase of 1,363,030 bushels a year ago.
This caused some sidling nud the best price*
of the day were not well held, yet ther*
was considerable stubbornness on Mu* soft
spots.
The report thnt the Khenrson-IIammll line
of Heptemticr wheat had gone oat
~ \ In grain cm
xporters were
... . ■ kept under _
York was «r steady seller nil day.
Wheat cloned %v ludow tin* best prlc*
reached, yet showed gains of HGHe for the
dny.
Torn closed quiet nt upturns of HG%c.
Gats closed higher to Uc lower.
Fash snl«'*
small.
PRIMARY MOVEMENT.
The following figures give the primary
.lavement of wheat ana eorn:
Wheat—Receipt* today 603.000 bushels,
gainst 668,060 last year; shipments t-nlny,
’>5,009 bushels, against 436,000 bushels tn<t
ear.
Guru—Receipt* today 411,000 bushels.
L. J. ANDER8DN & CO/8
DAILY COTTON LETTER
New York, Aug. 21.—The Liverpool
futur# market waa stronger than an
ticipated this morning, opening 6 to
10 points up, but this advance was lost
at the close on the failure of the New
York market to follow. Liverpool has
shown a tendency to resist the New
York decline nil along, and no doubt
would welcome an advance at this
time, but the spinners there do not
care to take the lead In a situation of
this kind. The market seems to have
pretty well discounted even the favor
able prospects, and ns the crop Is by
no means inode there will probably bo
many scares between this time and
such time ns the spinners have ob
tained sufficient supplies, of new cotton
to ease the situation. Boll weevil nnd
shedding are now becoming familiar
complaints In the dally reports, and
will probably have considerable weight
around 9c cotton.
THE 8UGAR MARKET.
By Private Leased W Ire.
New York, Aug. 2!.—!<ocnl sugar, refined
snd raw. unchanged, lsmdoii licet steady;
August 9s 2%d; September 9s ltyd.
CHICAGO GRAIN MARKET.
for today follow:
Open. High.
Dec...... 7
May.... li
CORNp
OATH-
Hept 29H
Doe...... 39%
May 33
I'ORK-
Hept.. 17.12% 17.15
Jan.... 13.32% 13.52% 13.45
LAKl>-
HepL.f 8.70 8.70
9.00
Oct.... 8.70
Jan... 7.87%
81 DBS—
kept... 9.00 9.00
Oct.... 8.72% 8.76
Jan.... 7.22% 7.26
t'AHll WIIKAT—
No. 2 rod 71%©72%; No. 3 do 71fi7J%: !
lmrd winter 7W©71%; No. 3 do 70%tf7L
8.92%
8.70
7.22%
CHICAGO CAR LOT8.
Wheat..
Uorn.. ,.
Oats..
llogs.. ..
Today. Tomorrow.
NORTHWEST CARS.
Tbe^ following figures gljt f tfiw northwest
Last
Minneapolis, .
Duluth. . . .
LIVERPOOL GRAIN MARKET.
Wheat—Opened %o higher; at 130 p. m.,
%«• higher; closed %o higher.
Porn—Opened %c higher: nt 1:30 p. m..
He higher; dosed higher.
Girardeau is honest, clean
and well qualified for ttye
position of county treasurer.
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, Preuldent. A. E. THORNTON, Vlc.-Pratld.nt.
H. T. INMAN, Vice-President. QEO. R. DONOVAN, C.ihl.r,
JAME8 S, FLOYD, Aee’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. Tnrnnas C. Erwin. Asst. Cashier.
Joseph A. McCord, Cat Mae. It. W. wyers. Asst. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. rslhoon.
Milton Dargnn.
in W. Grant.
Y. McCord.
DIRECTORS: j. «. NannnDy.
Frank Hawkins. J. Carroll Payne.
II. II. Atkinson. IL B. Rosser.
Joseph A. McCord. David Woodwsnl
WM. L. PEEL, President.
ROBT. F. MADDOX, Vlce-Pre*.
Everybody admits the
race for Treasurer is be
tween Culberson and Wood-!
ward. Who do you want to |
win?
Ntm Orirasi.
COTTON^GRAU?', *Fl!OVIs!o .VS,H^CKS? BONDS,
2 Will SI.. ?.l.n B.ildi.g, AHi.li, Cm.
KEMItlS;
•wSnEfkcu„. “uhamail ^
l... ijo SuiUtd riant 29$.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . . . $500,000.00
ACCOUNTS INVITED
We invite accounts of individuals, corporations, banks
and bankers nnd offer the best terms consistent with
, conservative hanking.
In our Savings Department we allow Interest at the Rate of 3 1-2 per
cent. Compounded Semi-Annually.