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THE ATLANTA GEORGIAN. WEDNESDAY, Al'dl ST 22. 19*,. JOSEPH B. LIVEI. ■tI THE GEORGIAN’S RECORD OF MARKETS AND FINANCE IIf. Lire!y'a 25 years' experteoc# )t editing market* in Atlanta ami the South has made him a rac- ©golfed* authority in bis specialty. y RESPONSE FEEBLE TO BETTER CABLES First Prices of Session Were at Advances of Onlj* Five Points. NEWS AND GOSSIP Ot the Fleecy Staple. SOLD HIGHER LATER profit Taking, Favorable Weather and Crop News Turned Prices Down. By Private Lcnsed Wire. New Yqrfc, Aug. 21—The cotton market had it poor opening in view of the cables. First prices were 5 poiuts higher. Pro fessional trading predominated early in the session, and it looked As though strong ef forts would be made to force a number of biS accounts with weak margins to liqui date. and room traders ugutu started the morement. The ©pelting for cottou for future deliv- Uvcrpool. both spot and futures In that center being slightly better than due. As on yesterday, however, bettor prices followed the opeulng, the high point of the previous day being passed, from which level the market turned downward, taking of profit*, favorable wentber and liberal move ment of new cotton in Texas being the Ju- fl, The C *New York Herald, In its review of the cotton market last Saturday, says: "Some interests profess to hnve confi dence lu ft yield of, at least, 13,000,000 bules. whlie more conservative estimators regard u.ono.oou bales as the maximum figure, imd under the elrcumstnuees It would scent that a miraculously fine condition must* prevail from now on to give up a ,-rup a million lutes larger than the last one. In order to raise 13,000,00Q fifties from this season's acreage. It menus that every acre must lie idckctUnnd every acre produce 23o iMmiidn. flow much likelihood there la for anything of the kind can be deter mined by comparing this season with that of two years ago, when the average yield was 223 pounds to the acre, nud the crop coudltlou throughout decidedly better. * SPOT COTl ON MARKET. Atlanta, quiet at 9 7-l6c. New York, quiet at 10.10c. Liverpool, quiet «t 5.44d. Augusta, quiet at flftc. Savannah, steady at 9 3*16c. Ht. Ixttila. quiet at 10c. Jtoston, quiet nt 10.10c. Houston, steady at 9ftc. Iraltlniorr, .nominal at 10c. Galveston, quiet nt 9ftc. Memphis quiet nt 9ftc. Norfolk, steady at 8%e. Mobile, dull nt 9ftc. New Orleans, steady, 9ftc. LIVERPOOL COTTON MARKET. Liverpool, Aug. 22, 12:15 p. m.—Cotton, pot demand increased, with pries* steady; fiddling uplands B.44d; sales 7,000; Amer- •ah 6,300; speculation nud export 600; re* elpts 100, all American. Fntures opened steady. _ Opening J*revIouf ltunee. Close. Closs. .. ..6.K-5.17 5.14 6.11 . ...5vOM.ll 6.08 5.06 , ,.5.03-5.06 5.02 4.» * .6.00-6.03 4.994.00 4.96 ..6.004.02 4J9-6.00 4.96 . ,5.01 6.004.01 4.97 . ..6.044.06 6.02 4.99 -Ainrcn. , • • .5.044.06 6.04 6.01 rh-April. . . ..6.064.08 6.054.06 5.024.01 1 May. . . \ .6.064.09 6.07 6.054.04 )sed quiet. TODAY’S PORT RECEIPTS. The follotrin* table show, receipt. *t tbe C irta today, compared with tha same day it jenrt gust. , . gu«t-Sept. >t.-Oct. • t.-Nov,. v.-Uec.. . c.-Jan. . i.-Feb. . b.-March. 1905 2906 N,w OrlMDX (iolT.ItOD Mobil,. Savannah. *••••• Charleston. • • • • . Wilmington. . • . . , Norfolk. Boston Philadelphia, 1 134 MT M 4243 ToUl . 1614. e 7114 INTERIOR MOVEMEf IT. pte at tb* with tb. Tho following txtilo xhowx ref* Interior town, today, compered •xm, day text year: UN UOS Houston. .•••••# Augusta* «*'••• • * Memphis. Pt. Lout*. ...... Cincinnati. . • . . . 1945 2789 *6'"' 66 401 160 199 Total 4067 4144 L J. ANDERSON 5k CO.’S DAILY COTTON LETTER Aug __ . usance waa maintained up to. the 1 p. m. call. .Hut New York responded only feebly, and aftpr an early advance, prices again began to sag •'ft, Liverpool toeing the biggest part or its gain. Heavy ralne were reported tli roughout the belt, but otherwise the new* of the day waa featureless. Complaints of weevil and shedding are also reported from some sections, but the bulk of the trade continues to believe that nnleas some accident overtakes the crop that the prom ise is for a large yield. We believe, bow* fver. that even a large yield la discounted by these prices and as a rapid change may occur during the next month, we continue to believe it dangerous to sell abort at this level. Cotton at Sftc to the farmers la not going to flood the market unless a cer tainty of 14,000^000 bales la shown, and Just now that la a decided uncertainty. THE DRY GOODS MARKET. , Sew York, Aug. 22.—The dry goods mar ket wi» firm with an active trade going on In the lobbing houses. A white goods **le waa the feature of the day’s bnal- ucss, and a large volume of goods was moved. Print doth* were firm, and some lines for delivery within thirty days were very^scarce. Cotton yarns were steady on the finer numbers, but weak on the coarse unmber*. A moderate business waa doing. About 1,500 bales of 2.50-yard sheeting have i-eeu sold for Ited Ren porta, and an ac tive South American east coast trade la In progress.—Otbert ft Clay. Private Wire to Glbert ft Clay. New York. Am?. 22.—Liverpool opened 6 up. hxpocted 4fy5 up. Liverpool cables: "Market has good un dertone; nothing offering, with Improved de mand from sttiuners." . •■•I'niir,. i,n KK ,,i « vo. sny; "The fact must not lie overlooked that this short selling has lieeu going on since December was selling at He. so that, with nil other things equal, the shorts hnve the advantage, -*“ 4 *u— —* w decided change and there must ho with success, and we fnvoV operating from the short side.” Hick Itros. ft Co. sny: “Under the cir cumstances and on technical speculative grounds alone we can see how tills market could Jump over a half cefcf. a pound quite readily before the end of the week, no matter what the expectation may be regarding the next bureau of the census rojK>rt. Mitchell offered 600 January at 10.28; Weld took them. Weld brokers good buyers on opening. Now Orleans, Aug. 22.—Liverpool 6 high er is outbade wrier than expected, an ad vance of 5 points being due, and Indicates a readiness to respond to nny further mod erate gains recorded in cls-Athintlc mar kets. Liverpool cables: “Market has advanced In mu sequence of less favorable crop ac counts. reported serious daipage by rains, mid worms In Texas. Another cable say*; “We think that our market will advance, and purchases can be made "Cheaper now than for some time to “Crop crinttnues to turtle Map shows widely ..scattered rains over belt, with cloudy weather In the western portion, and alternate clear and cloudy in eastern. Liverpool better than expected, nml nu merous bullish cables mny cause a higher market at opening, although crop news shows no falling off front the excellent tenor previously maintained. A dispatch from Bfonbani, Washington county, Texas, says: “Showers hnve fa li gnin here today, and in some localities rlls are reported ns doing considerable damage. Some farmers say that the crop Is made now, but that conditions are not favorable for the maturing of young uolls now in the plnut, which, with favorable weather, would increase the yield consid erably.” Waco. Tex., wires; “Bain* dpJnyed open- ig, picking and marketing, but no serious ...iitnnge, although worms and weevils are doing some damage. Crop In Texas is a big one.” Greenville. 8. C wood to GreenvllL , good. Weather continues ideal, and crons Improving dally. Carolina ten days late. ,f Private Wire to Ware ft Lelsnd. New York, Aug. 22.—The market opened steady 4 up. At 12:15 p. m., 6©7 up. and very steady. Sales 7,000 spots, 3 up nt 5.44d. ■'utiire* due to come about 4 up. Cotton opened disappointingly. Weld brokers heavy buyers. Commission houses sold. Weather map looks good again this morn* _iig. Trace of too much rain in Georgia being only criticism of it. There does not seem to be enough bay ing power to sustain the market. May worked up a little more ahd forced abort covering by weak shorts. Can see nothing to buy cotton on, however. Schifi hammering the cotton market and New , 4©5 up on t»ot__ now the English future favorable. Even more favors! was the better spot demand. CHANGES SMALL AT THE_OPEIflNG Commission Houses and London Were Heavy Sellers Early. CAUSED THE DECLINE After First Few Minutes Quiet /Buying Stead ied Prices. . York, Aug. 22.—It.was difficult dur ing the first two hours of today's trading to dlstlu' ulsh sny tendency st all In the price mc.ement. For the entire morning, the tide of speculation moved restlessly to nud fro. At Intervals, creditable strength was shown; nt other title* it np* K ami thnt realising sale* were sufficient fill every bid of speculators ooxloud to renew the rise. Generally, the trading by comparison with the previous days was more MiilHlucd. and the range of price* wns much narrower. The feature of the morning was Uveat Northern preferred, which was bid up violently 10 point# from Its opening figures. Northern Pa cific rose briskly In sympathy, and the near annoclntlou which these atocka at present hnve in speculative calculations, with the movement In steel shnres, the latter to tie held declines. Elsewhere. a used enlng changes for —it- - ionsj but changes. ,, recovered Its loss. Decline* as a rul„ eraged Yn to ft. Amalgamated Copper open ed nt a gain of ft to 108ft, then rose to 109%. The stock market’s principal topic of dis cussion is of the Grent Northern ore deal. Houses that have Iwen heavy buyers of IKII and Ilnrrtman stocks, ana also of the Mtcel shares say that an announcement lu regard to the ore contract is very close to hand and mny be made today. ■ supply : used earl again. Govcrnn Irregular. LONDON STOCK MARKET. S >t ’ le, moderately high. Temperatures arc* THE WEATHER. LOCAL FORECAST. WEATHER CONqn I0N8. The decrease in sir pressure has been gen eral during the past 24 hours, quite decided over the Jflss/sslppl valley and the South. inches, over tne rest or cue country tno pressure is low, fist and singglsh. The temperature has chsnged bat little except tn the upper lake region, where It Is iwhat cooler. the last 24 hours showers hnve occu orttona of Georgia, along the Atla t from Florida to Maine, along northern border of the United States and at a number of stations In the Kockie*. The sluggish eastward drift of the atmos phere is favorable for continued warm weather In this section, with scattered thunder showers tonight and^Th^nrsdn^r. * Section Director. WEATHER IN COTTON BELT. Texas—Tyler clear and warm. Dallas partly cloudy and warm. Houston partly cloudy and pleasant. Fort Worth cloudy: rained last night. Han Antonio cloudy aud Texas Rainfall—Dallas. 36; Blanco trace; Greenville .42; Kerrvllle .66; Lampasas .76; Longview .42; Luting .42; Mexin .02; Nacog doches .16; Paris .04; Han Marcos .26; Hher- man .15; Taylor .65: Temple .66.* Waco .20; Waxahatchfe .90; Weatherford .36; Wharton .01; Huntsville, Galveston and Han An tonio, trace. Mississippi—Yatoo City partly cloudy and hot_ Natches clear and warm; tempera ture 0. Jackson dear and pleasant. Aber deen, New Albany and Tupelo clear sad hot. Alabama—Selma, Mnntfomerjr, Opelika and Mobile cleat and hot. Ilnntarllle clear and warm. WEATHER llTwHEAT BELT. Extreme Xnrthweet-Pertly riondy; * to M a bore; (eneral ralna. Nortbwext—Cloody; MUM a bore; fen- erel ralne. , . _ , . Weit and SoutbweM-Pirtlf cloud.; M to I aboTe; (eneral ralna In Illlnola; local In V’hto Valley ^-Partly elondr; 7, to 5* abort; local ralna. WEATHER - FORECA8T. Oeorala—Local ralna Wednesday and Thursday, llfbt to fresh variable winds. Ylrrlnfa. North Carolina, South Carolina. Eastern and Western Florida-Local ralna Wednesday and Thursday; light to froth variable winds. ... ... Alabama, Mleeleelppl, Lpulatons and Texas—ilenerally fair Wednesday and T ^WJe t N,T r 5e, , IiS d, Artw,n.. Ten nessee, Kentucky and West, Virginia-Lo cal rain. Wedneiday and Thuraday. Arknnaaa-Hhowera Wednesday and Thnrs- ^Inillani—IthoaSnf^’tonfibt or Thursday; ‘^nn’neSoU^KhiSJeV. n jtonlaht; cooler in southeast portion; Thursday partly cloudy, with Showers In east portion. Iowa—Khowera and cooler tonight; Thurs day showers: cooler In .teat portion. MIsMiirl—Hhowera tonight or Thursday; r< KanaaiT 1 and , t/onth Dakota—Showers and GIBERT & CLAY STOCKS. BONDS, t ALABAMA BT. C O TVON. CRAIN. COFFEE. PROVISIONS ■ tan ATLANTA, OA. York Coffea Excbaoge.lN'ew Orleans Board of iraurjoo.™.™ Private Wires to all Exchanges. M.n.n.e oscal -and L«na OWMM Talcphona S2M. W. n. FAOAN, Manaoer. ■ ■ Atchison.... t'nnadJin Pacific,, .. .. , <*hlc.. Mil. and 8t. Paul.. Rrl(> ... Illinois Central.* .. Louisville and Nashville.. Heading Pennsylvania... .. .. .. . Southern Pacific Union Pacific United Staten Mtcel.. .. ... do, preferred STOCKS AND BONDS. ... 6*. 1910 106 Havannah 6a. 1909 ,.....102M Macons 6s, 1910.... .. .... .. ..106 Atlanta, 6s. mi 105 Atlanta, 4%fl. 1922 1J7 Atlanta 4s. 1934.. ...... •• ....196 Atlanta and Weat Point. ... .146 Atlanta and Weat Point Dfbta.,107 Central Hallway of Georgia 1st Income ....... do, 2d Income do. 3d Income.. . iSg iofa RANGE OF NEW YORK STOCK MARKET Amalgamated Copper. American Sugar lieflutug . . . Atlantic Const Line Auacomla / America n Locomotive. do, preferred American Mmeltiiig Uellulng do. preferred..., Atchison do, preferred American Cortou Oil Hnltlmore and Ohio Hrooklyn Hapld Transit Cftnndlnn Pacific,. Chicago and Northwestern... Chesapeake and Ohio,.., Colorado Fool and Iran Central Leather do. preferred. —.cago r - ” CniCMa Deli Plat! Brie do, preferred General Electric Illlnola Central and Nashville Mexican Central....... Missouri Pacific Now York. Ontario and Wester*. National Lend Northern Pacific.. New York Central Norfolk and western Pennsylvania People’s Gas Pressed Steel Car do, preferred Pacific Mall Beading He public Hteel Hock Island Southern Pacific Southern Hallway do, praferred..... SlosH-Shefflcld Tennessee Coal and Iron Texas nnd Pacific Union Pacific United Htntes Steel do, preferred Ylrglula-Carollua Chemical do, preferred Total atock sales today 1,593,900 shares. RANGE OF THE COTTON MARKET AT NEW YORK. litres In Sew York today: a ! a 5 k i i 1 $•«! | I 5- II Aug Sept. . . , . Oct Nov Dec Jan Feb March. . . . *A9i 1 9.18 M2 *9?39 *8.96 9.15 9.17 9.14 9.33 *fc4i *L88 9.03 9.14 9.13 9.22 9.iii 8.89 9.06 9.14 9.H ul 9!* 8.76-80 8.87-89 9.064)6 9.11-13 9.16-16 9.36-26 9.30-32 9.35-36 8.80-86 8.91-92 9.06-09 *^K Closed barely steady.' AT NEW ORLEANS. Tho following la the range In cotton fu- turea In Sow Orlcnua today: I O § X r 3 !i 1 (li Aug Kept Oct Nor Dec., Jan. .... Feb March. . . . 9.62 9.22 9.13 * 9* is MS *9.33 9.66 9.23 9.18 *9. ij> 9.26 * 9.35 9.62 !».M Ml 9.09 Ml *9.36 9.66 9.17 9.10 *9.i2 9.19 *9.28 9.K-C3I 9.60-60 9.16 . 9 16-17 9.10-11 9.11-12 9.12-13 9.12-13 9.12- 13 9.13-14 9.13- 19 9.19-20 9.21-23 9.22-23 9.28-29 9.29-t|) Closed steady. TIPS FLASHED From Wall Street. Private Wire to Olbert A Clay. ".—Marshall. Rpsder A ratea may lie the r“ ■ ■ — —a : the iKtulhllitv of goli gerlr looked for, the : Include gossip concei Items will alio Include gossip concerning the ore deal and reports that Union Pa- Ifle holdings of investment seciirttlca tnaj UU. i Georgia.... Augusta and Havannah. Bonthwaatern.. .. Georgia Pacific lata.. .. t\, C. and A. lsta.. . *!.2« COTTON REGION BULLETIN. For the 24 -honrs ending at I s. m.. Tlth meridian time, Angn.t an 1»0b. ■TAT10NB OF ATLANTA 1 DISTRICT. ante, clear. . . ittanoogn, clear. Columhua, vicar. . . Caine.vine, clear. . Creepvlile, clear. . . Crllfln. clear. . . . •Macon, clssr. . . . Moutlcello. clear. . . nponas. clear. Toccoa. dear. . . Weat Point, clear. Max. Min. ~i—?T -'Minimum temperstureu are for the" hour period endlog nt 8 a. m. thla date. HEAVY RAINFALLS. Macon, Oa.. .. - le, S. C | Biaekrllle, ... .... . Amcricu*. Oa.. .. Mlllen, Oa.. .. lultman, Ca.. CENTRAL STATION. Atlanta 14 ST Augusta. . . Charleston. . Galveston. . .title Bock. . lemphls. ....... obllc Montgomery. . . . New Orleans. . . . Oklahoma Bn v smith Vicksburg Wjlmlngton. • REM ARKS. Slightly higher temperature, were report ed In moet of the western and southern dis tricts. Rains occurred In sit except the Mo bile district. The nmimnts were heavy at points In Oeorgln, North and South CarollBs and Florida. Dlit Averages. Max. Min. -ii P3 THE SUGAR MARKET. By Private leaned Wire. New York. Aug. 2l—Sngan- refined ami raw, unchanged. * London l»eet market steady; August 9s 25;d; September 9s M. east and south iHMrtlon; Tbnrmlay fair and slightly warmer. Montana—Partly clomly Umlgbt; alwwsrt In eaat portion; Tburaday fair and alight* ly warmer. _. nga — pnaa Into tue hand* of a syndicate on .... nations exceeding $100,000,000. The question of gold ItniHirts becomes Important lu view of the narrow margin of aurplns respective ly held by the banks, and the kind of re lief to bo effective should assume very niportant proportion*. Meantime, the only nude you have to those developments Is .he action of tho market, which may Un«u to endure a farther selling movenieht tlihi morning before the right kind of support would logically appear. We expect to see the metals aud steel stocks supported; also the coalers.” Daniel Odell ft Co.: “Market may dis play farther weakness today, hut think R ood stocks like Atehfaon, Houthern Pacific, t. Paul und Norfolk, will then be good G irchase*. There waa good buying In theu »«os yesterday." Think Pennsylvania and Union Pacific will advance. The New York Financial fliircqn says: “Discriminating purchases, especially on wenkuess today, will, we tyre reasons for l>ellcvlng, give good returns Inter, although bearish operations may be expected lu oorv sequence of the natural* recessions of yes terday, which la no more than conmisu, ■urate with the advance aud will Induce'a re-extenslou of shortage and strengthening of technique much to De desired, now that* the public has taken a good weight of storks. Thnt there has been distributing of stocks la plain to us, but thnt the bulk yet remains In Inside hands Is also manifest. Until the market interests shall have suc ceeded In disposing of their holdings the trend will coutlnue upward under existing conditions, ss we caleulnte them. He un derstand developments are pending, fo be announced from time to time, that will furnish plenty of bullish entbnslnsm. We expect to see banking support against too aggressive rnldlag todny. and If good stocks hare already ln*en l>ooght on the recession we lielleve they should bo averaged confi dently on further declines, which arc. likely to !*e but temporary. It will probably be found that a recovery will lie led by spe- Clnltles, and these may l*e found among low-priced Issue* which take less money to 'more nnd nre susceptible to n wide public Interest because of the greater safety. As stated Tuesday morning, the general list should mark tlnw and be irregular tempo- rarlly. during wweh period a snort Interest will lie Imllt up In anticipation of Improve- mout later on. A conservative bull position will, wc firmly believe, glee good reiulta." Private Wire fo Warn ft Leland. New York, Aug. 22.—London 940$ point ‘ with call money likely to atlffen fort her, reactions ran !>e looked for, although th« market will be extremely Irregular. There la a renewal of talk relating to United Htatea Steel taking over Fuel, but do not attach'anr Imporisnce to ll. On sharp declines, IieUcve the good stocks can be tiought. und would favor Hteel, Amalgamated Copper, Norfolk, Ctaea- a peace and Ohio, Krie and the low-prlctal ”Taik la still bnlllah oil Ha rrlntan Pad flea ""it W 1 'reported from good quarters that Republic Hteel fa ready for a movement upward of 10 points. The Gate* faction Is nnilsnitond to b. hantlllnx tho movvmsnt. Tips vitob dlrwt from ft, Iwsd of this psrtf. GIBERT & CLAY '8 , daily cotton letter. Now Orleans. Auc. *t.-Eartr UTMMM rsMts trrv. rtlstlurOj tmlUsh os of s IMS fsvorsltl- rhnraotpr rouctnlng tli. crop, wbteh acntlmvst uutlnns Mrttsr fullj n.fT«'t«l. lint Inter lost wluoi tbn Isrs* short lotrrest Iwcamo more tnoniuxUly 11- WARE A LELAND'8 DAILY COTTON LETTER rllns . pffort of a l.rxB abort Internal to eovrr potion without rousing uiuoh of an advaiioo In price, ond the oxoputlonnlly favorable lonor of by far Ibe groalor norroulairp of prop accounts at baud from the Houtn. (Ipiirntlona oro on n more rrstrlrted arnlo. owlu* to tbr nnoortalnty and Ibo fpoling NOTES ON GRAIN Pointer, on Provisions, Private Wire to Ware ft Leland. Chicago, Aug. 22.—Wheat opened firm on the advance lu the Northwest, which, some think, was due to a little run ou the part of short* lu September up there. Armour sold December here. The tone of the wheat market Is distinctly changed from the past two days. Hales cau only-bo made at concession*. The undertone of wheat hat gradually gained strength the past few days, nud as prices hold steady with no selling-pressure ou the market, some further rally seems lu order. Tha pit crowd who on Monday were sell ing Hepteiul>er wheat short at 70c are now going long of December around 76o, Don't see th( ‘ Oaf tho he logic of It. its opened shade higher oil buying by pit crowd. Harriett, FraaJer & Co. are inter •Ocean: Vandusen-JIarrington, of Minneapolis, say*: “It Is too early to esti mate the shrinkage of late crop lu the. Sortbweat, caused by heat. Reports Mon day of damage of 10,000,000 bukhels on ac count ot hot weather seem to ue very ex treme from later reporta. .There was un doubtedly aoine shrinkage. Weather north now la good." A* to Nebraska corn, Fremont wires: “Samples of growing corn coming to the of fice yesterday nnd today show they are best we ever had at till* time. Kernels nre between milk aud dough, ears are filled to tip and very heavy. With continuation of warm weather and no frost or rain for two weeks the bulk of our corn crop Is made.” Private Wire fo Glbert A Clay. Chicago. Aug. 22.—Wheat cables nre firm, flood export demand rettorted from the Noiithwest. The Minneapolis market was . ... “It Is learned on the l»est of authority thnt n pri vate sale was Itinde Monday of nearly 6,000.- MO bushels Sept -mber wheat to two leading elevator, concern*, which gave-the Deeembr fu return st a premium of 44c per bushel for the hitter. Hinnll holding* of Heptemlier hnve been pretty well liquidated during the continued decline of J5c per bushel. The ac tual grain Is now In strong hand*. Sales ojT cash grain In Chicago 46,000 wpeat, 125,000 coru nnd 170,000 onts. "Hcnlioard sales 104,000 wheat, 26,090 corn nnd 75.000 oats. One firm yesterday bought 40.000 bushel* corn, the largest purchase lu thirty days.” COTTON HIGHER ON PROFIT TAKING New York, Aug. 22.—The Hun says: “The tendency to rally wns still noticeable nnd nt the close prices were slightly higher for the day. Sentiment among nisuy In the trade, Including some of the more prom inent Interests, 1* still bearish, but for the time l#»l»g, nt any rate, there wn* more disposition to secure profits than there was to engage extensively In new venture* ou the short side. Yet nt one time prices were lower, owing to heavy selling for Southern account through va rious wire houses aud commission houses. Then, too, the receipt* of new cotton were heavy. Houston getting 8.989 new bales, Galveston 0,702 nnd New Orleans 93. The weather nt the Hotith was, In tho m*lu. favorable, though showers were reported at many points In Texas and a further precipi tation occurred In Sortb Carolina, where the government says heavy rnlus of late hnve esnsed considerable damage. Hut. on the whole, the crop reports continued to Indicate a large yield, nnd this accounts for the bearish sentiment prevalent al most everywhere. Yet tho recent sharp de cline Is believed ~ ^ RAINS EXCESSIVE E Influence for a Firmer Open ing in the Wheat Market. CABLES WERE HIGHER The Canadian Crop Report ed Damaged Was Also a Bullish Help. By Private leased Wire. C hlrt go, A tig. 22.—There wns n flrntef opening In wheat today Influence* chiefly by reports of excessive rains In the northwest and a forecast for more today. Cable* were 3-8d higher on reported damage to the Canadian crop and a firm Winnipeg market. CHICAGO GRAUnTmARKET. for today follow: Open. WHEAT- Sept “ Dee.., Ms/.. COKS- Sept..,.. Dec May 1)AT8— Repf IMBAI- jr...... 78<X High. 71% Low. Close. Close. 1 30 Sft roiiK- Kepf Jan.... 13.50 314 33«i 13.50 13.45 13.45 t.Cfti 8.<mJ 7.86 s.m 8.66 7.82tt R.6-7 8.67H 7.82V4 Jan.... 7.22% 7.26 CASH WHEAT— 8.97ft 8.92ft 8.95 8.72ft 8.67ft 8.90 7.26 7.20 7.2) dolot: PRIMARY MOVEMENT. » m'ni—urvriiiiB v—.n, against 621.090 bushels last year: shipment* today 318,000 bushels, ngftlukt 316,000 bush- ■Ar*ceipf« today 532,000 bushel*, against 713.000 bushels Inst year; shipment* «a4wy bushels LIVERPOOL GRAIN MARKET. of 304/40 points on nn oversold condition. Beyond this, there seems to )h> no radical elisngd In the pOHltlnn, nnd sen timent continues bearish, ss n result of the progress of the cotton crop. It is still early lu the season, and ns cotton has not sold at 9c In some time, nnd the world’s dry good* trade Is lh a profitable condition, the buying by spinners nnd the trade gen erally nt preNont prices Is not surprising. In fact, it la’ tbe part of wisdom for spinners needing n large quantity of cot rou the coming season to Iny lu a nor rain of the stock nt present prices. This t sup port has operated in favor of steadiness and ninny isi to horh m The market seems to be In n reactionary mood, but on any advance, the Honth is likely fo begin scifli * Inducement* for tlcenble would be absent .. . looks as though we. would hare a good trading market for some time to come.» quldnted, fins! prices lielng S points over yesterday’s close. Hj»ot sales amounted to ,000 I Miles, with quotations 3 points high- r. In the |>nst few dsys. the market ss developed Into a rvmmralively narrow „ffnlr, sorely In need of the broadening Influence of s more general outside Inter est. Under existing circumstances, the more professloaal •dement* are not ‘ with the favorable while, on the other hand, the recent de cline has l>eeii so thorough tbAt consid erable difficulty would. In nil protabiUty, be experienced should na attempt he made to force values lower. Under the .sur face, however, there He* luqioHaut fac tor# directly and Indirectly bcnrlpg »»|>oo the rotton market, mid which, at their II undoubtedly exert their Unit, the free Mrr ,.„- ... .it nnrlr rottnn. portend am undoing ot ... meats. Secondly, the recent questionable Inflation of values In the stock market may nt the time of It* realisation, lucre*** lH>srl*U sentiment, and In opposition the fear that an over-burdensome short In terest insy riftiulf In causing n further re ajegBatss^BSBBasmaiBBaHBHlaaBeBBS SOUTHERN EXCHANGE Oldest ExUbllxhud Office South. COHOI—STOCKS BONDS—BBIIN Ground Floor Oould Bultdtn,. Dxlty murket letter nud market manual mulled on aptitlcatlon. L. J. ANDERSON & CO Bankers and . Brokers, COTTON, STOCKS, 6IMIN Correspondent's Capital $250,000 RcrcfxcNce. the neau bank PHONE MIT. PRUDENTIAL BLOC by many to hnve dl*- .hue, at Icaat, the favor able crop prospect*, and there waa con aiders bio buying for the long account since yesterday ley prominent commission houses for Wall street aud. outside ac count. lloom trader* also tiought for n turn, aud prominent spot Interests were nod fiuyer*.”—Glhert ft Clay. New Orleans, Aug. 22.—The Time* Dem ocrat: “Yesterdny’* cotton market wa* er ratic because of the conflict of profes sional opinion at the tuomeut unde the talent think, but thnt wn* about ail. Ere long the movement of new -cottou will be large enough to l»o counted among each day’* Influence*. Meanwhile, careful students of the staple are unable tn mold a bearish argument out of the absence of concrete crop mention In the govern ment’s cotton region bulletin A* u mat ter of fact, there would now went to be Rime reason for' belW that tho crop nnd the tenor of the government s weekly weather reports have larked har mony of detail, and thnt deterioration has been more pronounced In some sections than generally suspected. However, pend ing the growth or the new movement, a steady If not n reactionary market Is quite logical. Logically, the spot market has not yet gone on the basts of new crop values because uew crop cottou ha* not begun to more In the New Orleans territory. This, of course, account* for some of the COTTON 8EED OIL MARKET. New York. Aug. 22.—The market for cot ton *c«»d o.l was moderately active anil steadier. There waa aoine little rotunda- slop house ‘ haying, nnd the pressure In 8«'pteinhcr wn* much les* active. There Is a general feeling that the nearby position* have been pretty well evened np, although some Interests nre claiming that there Is stilt quite a liberal open account In Hcp- leintwr. The n , cent weakness In futures has unsettled the market for crude. Re ports 0t favorable crop developments In Texas nnd lllwral estimates of Utc cotton crop continue to In* the principal Influence against value*. The market at the close wts Arm, with opening.—War* August. .... Heptemlier. • . October. , , . November, . • December. . . January. Closed steady- Hales 805 Corn—Opeuot’l uiwhnugcf?; at 1- ftc higher, nnd dosed ft© 1 **' higher. NORTHWEST CARS. CHICAGO CAR LOTS. Wheat.. Corn.. .. Dot*. .. Hog*:. .. Today. Tomorrow. THE COFFEE MARKET. New York, Aug. 22.—The opening of ths ruffed market made rather n tH»or show ins. considering the favorable cable*, which «1I*1 not fully restmml to the '* ** — York market for todny wns as follows: nlng SK7v. •: April May June..... ... .. . July August., .... .. September.. .. .. October . Novenilmr., .. . December.. ,, UIinkhI steady. Ifi . . ,.7.05-7.10 7 Iliiitt 7 ' 35 . ,,,7.35-7.45 ,...7.45-7.60 . . .6.70-6.90 .,..,6.89 . ..6.M99 . ..6.99-6.96- .. ,7.0)-7.U5 6.80-6.85 6.90-6.95 6.96-7M Some demand for Unnadlan Parl/lc In the loan crowd, but other stock* plentiful. Germany placing order* for Hmelttng Iron and Until in Kngbtad. ■leimlon expects Near York to enguge gol.l ..?xt Moudsy, when |4.C00.***t bar gold will lie offeml (n the open market. ‘ State 1 hink Increase* It* capital from Sl*\- 000 to (1.000.030, lAke coinpetltloa Maws port grain rate*. Pdoctlo in LOWRY NATION AL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. COTTON ^'grana', ?r<&isi5?T§,*stc>£ksPbonds, Ho: 2 Wall St.. Ptltrt Building, 4Hails, Ca. UUtBiKS: Chicago Board of Trait. Hew York Cotton Cacftaagr. lhTrpo2*2ffo i S»iodotton. Pew York Codec Cichjoge. fin.itt Vhrti fo Hew York, How Orleois, CWrago. B. C. COTHRAN, Maaaqtr. ii Pkeao 130. Standard Hoot XX, MADD0X-RUCKER BANKING CO. CAPITAL . $200,000.00 SURPLUS AND PROFITS . . . . $500,000.00 * ACCOUNTS INVITED We invite accounts of individuals, corporations, bank* and bankers nnd offer the best terms consistent with conservative bunking. Interest at the Rate of 31-2 per