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■■■■■■■■■I EDITED BY I JOSEPH B. LIVELY!, I j*...... ttv THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ] i ^ llr. Lively's 28 year* editing markets In Itbe 8outh hns made /ognlted authority in experience • Atisnfa nnd . him a rec- ; is specialty. • TO BETTER CABLES NEWS AND GOSSIP Of the Fleecy. Staple. Private Wire to Glbert St Clay. nw York. Ana. 22.—Liverpool opened up. Expected 4<y6 np. * Liverpool entiles: “Market hns good un dertone; nothing offering, with Improved de> First Prices of Session Were at Advances of Only Five Points. Carpenter, must not L_ •elllug Uxts been going on since llecemtrar •verlooked thnt this short was selling nt He. things equal, the shorts hftv „ “ltd there must be some decided change * Co. say: “Under the ely- SOLD HIGHER LATER now could Jump over a half cel. , quite rcudjiy before the and of the week, uo matter what the expectation may be poum profit Taking, Favorable Weather and Crop News Turned'Prices Down. regarding the next bureau of, the census “pjMirt. Mitchell offered WO January at 10.23; Weld took them. Weld brokers good buyers opening. *>etv Orleans. Aug. 22.—Liverpool 6 high t»r Is a shade better than expected, mi ad vance of 5 points being due, and Indicates By Private Leased Wire. New York, Aug. 22.—The cotton market hnd a poor opeulug In view of the cables. First prices were 6 points higher. Pro fessional trading predominated early In the session, and It looked at though strong ef forts would be made to force a number of big accounts with weak margins to liqui date. and room traders again started the fluent . „ .-Is-Atiuntla mar kets. / Liverpool cables: “Market has advanced in consequence of less favorable crop ae- counts, reported serious damage by pallia. and worms lu Texas. Another cable says: “We think that otir market will advance, and purchases can be made cheaper now than for some tin)# to come. Waco, Tex.* wires: “Crop continues to ; rains will delay movement some. ipi . . at doing no dnmagi. Mnrket Is quiet but steady, the slight Improvement In ‘ The while opening for cotton for future dellv- New York was disappointing in that, nu advance was noted, it was not n iprovement In opeulug prices seemingly Ml maintained on scattered buying for n full response to the better advices from Liverpool, both spot and futures in that outer living slightly better than due. As ott yesterday, however, better prices followed the opening, the high point of the previous day being nussed, from which level tin* market turned downward, taking of profits, favorable weather and liberal move- Map shows widely scattered rains over loudy weather in the western alternate clear and cfloudy In lent at i flufiices. eastern. Liverpool better than expected, and morons bullish cables may cause a higher market nt openiug. although crop news shows no falling off from tbo excellent tenor previously maintained. The New York Herald, In its review of the cotton market last Hattirday, says: • Some Interests profess to have confl- donee in a yield of, nt least. 13,000,000 bales, while more conservative estimators regard I'.’.iW.OOO bales ns the maximum figure, mul under the circumstances It would scfin that a miraculously flue condition must prevail from now on to give up a crop a million titles larger than the Inst mu-, lu order to raise 13,000,000 nnles from rids season's acreage, it means that every acre must l»« picked and every acre produce 230 pounds. IIow much likelihood there is „ dispatch From'’llfeohahi, Washington county. Texas, says: “Shower# hare.fall Some farmers say is made now, but timt conditions favorable for the maturing of young bolls now in the plnut, which, with favorable comparing this season with thut ears ago, when the average yield 223‘pounds to the acre, nud the crop < I. <rfw.it f lioflor " weather, would increase tha yield consld erably.’* Waco. Tex., wires: “Rains delayed opei ig, picking nnd marketing, but no serloi _ ...image, although worms and weevils are doing some damage. Crop in Texas Is a big «Me. Greenville, B. C., wires: “Crop Green wood to Greenville spotted, but generally pood. Weather continues Ideal, and crops Improving daily. Carolina ten days late/' condition throughout decidedly better.” SPOT COTTON MARKET. Private Wire to Ware Sc Lelsnd. New Ydrk, Aug. 22.—The market opened * • At 12:15 - “ Atlantn, quiet nt 9 7-lGc. New York, quiet at 10.10c. Liverpool, quiet at 5.44d. Augusta, quiet lit 99*0. ' Futures duo to come about 4 np. Cottbtl opened disappointingly. Weld brokers heavy buyers. Tommlsslon houses sold. SavnmuUi. steady at 9 3*18c. Nt. Louis, quiet at 10c. Huston, quiet at 10.10c. Houston, steady at-9%c. Irnltluinre, notulual at 10c. Gatvestou, quiet nt 9ftc. Memphis quiet nt Ing. Trace of too much rain In Georgia* being only criticism of It. . There does not seem to be enough buy lag power to sustain the market. Stay worked up a little more and forced short covering by weak shorts. Can see nothing Norfolk, steady at 9*c. LIVERPOOL COTTON MARKET. Previous Liverpool. Aug. 22, 12:15 n. m.-Cotton. •not demand‘Increased, with prices steady; middling uplands D.44d; sales 7,000; Amer- lean 6,300; speculation and export 600; re- moderately high, colpts 100, all American. Futures opened steady. Opening ’lunge. v-iuno. i.iw* ..5.15-5.17 5.14 6.11 ...5.09-5.11 5.08 5.06 ..5.03-5.06 6.03 4.99 .5.00-6.03 4.99-5.00 4.96 ,.6M4.02 4.99-6.00 4W .5.01 5.00-5.01 4.97 ..5.04-6.08 6.02 4.99 , .5.01-5.00 5.04 6.01 hammering the cotton market and selling Plenty of cotton. New Orleans, Aug. 22.—Liverpool vms due 4®5 un on both markets, therefore*, np to now the English future market was very favorable. Even more favorable, however, was the better spot demand. Temperatures art THE WEATHER. August. LOCAL FORECAST. oet.-Nov.. Nov.-Dee.. Dec.-Jan. For Atlsnta and Vicinity—Continued wimp Man’ll-April. . Aprll-Muy. . . Closed quiet. .6.08-6.0 I.Ofi-6.04 WEATHER CONDIT IONS. TODAY’S PORT RECEIPT8. The following table shows receipts at the eral during the past 24 hours, aufte over the Mississippi valley anu tbo South. Today the center of highest barometer Is In Montana, where the presaure la only 80.00 Indhe*. Over the rest of the country the pressure Is low, flat and slngglsb. The temperature has changed but little except In the upper lake region, where it le somewhat cooler. Jn the last 24 hours sbowtrs have occurred In portions of Georgia, along the Atlantic coaat from Florida to Maine, along the northern border of the United 8tates am* at a number of stations In the Rockies. The sluggish'eastward drift of the atmos phere Is favorable for continued warm weather In thla section, with scattered INTERIOR MOVEMENT. WEATHER IN COTTON BELT. The following tnble ihow, taedptn at the Interior town* today, compared with the •ame dtp ltet year: Teite-Tyler oleer and warm. / Dalle, pertly cloudy end worm. Houston pertly cloudy eud pleasant. Fort Worth cloudy; reined leet night. San Antonio cloudy eud Houiton, . Auguete. . Mnnpble. , Texee Rainfall—Dallee. St; Blanco trace; 37® uas ■la, PIFaIU .Va, AiRCOk* Sen Marcot it; Sher man -u; uayior .m: Temple ,0t: Waco .20; Wane hate hie .00; Weatherford ,3t; Wharton .01: Huntavllle, Gnlreaton anil Son tonlo, trace. L. J. ANDERSON & CO.'S DAILY COTTON LETTER decn, New Albany nnd Tupelo deny and L Aiahama-Selmn, Montgomery. Opelika New York. Aug. 21-IAwpool ’ again endeavored to rate, the price of cotton wncth of 7 points, which advance wsa | WEATHER IN WHEAT BELT. maintained up to the 2 p. nu call. Rut New York responded only feebly, anil aftqr rarly w adranra, prices again, began to sajj f, ff. T.lverpool losing the biggest part Its gain. Heavy rains were reported throughout the belt, but otherwise the news Extreme Northwcst-Psrtly cloudy; 88 to 84 above; general rains. Northwest—Cloudy; 54 to 88 above; gen .West anil South wcst-Psrtly e!oodv; 68 to 76 above; general raJnt In Illinois; lor-* eral rnlns. luc MUk w „„ —■ TT _ . Weet ani °f the day was featureless. Complaints 78 above; genci of weevil and shedding are^also reported Missouri. - . from Rome sections, but the bulk of the Ohio Valley—1 local wins. ^ WEATHER FORECAST. focal in -Partly cloudy; 72 tb 78 abova; ever, that even a Torge 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 short at this level. Cotton at *Vkc to the farmers Is THE DRY GOODS MARKET. New York, An*. 22.-The dry goods mar ket was Arm with an aettrs trade going on in the jobbing houses. A white good* *a!<* was the feature of the day’s bus!- D *e*. and a large volume of goods moved. Print cloths were Arm, and some [ine« for delivery within thirty days were very Brare*. Cottorl yarn* were steady on 9 pner numbers, nut weak on the coarse cumber*. A moderate business was doing. Ahnut i 508 bales of 3.S0-yard sheeting bare --•■•..V t lynira oi .i.vi-yani iiia-fiinR imv* JT-n iclil for Uwl 8c» port*, anil an ac Jit. South American cant coaat trade la ■1 progrc.-Oibert A flay. Georgia—Local ralna Wolnetday and 'hura.lav, light to freah rartablo wtoda. Virginia. North Carolina, (tooth Carolina. Baatcrn and Woatcrn Florida-local ralna WWncuday and TMrtday; light to freali T *Ai;!)am". ,n ' 1 5riaala»lppl, Lpnlalann and Texaa—Generally fair Wedneaday and wStT^ka., Saw* Mexico. Artxona. Ten- . Arknnaaa—Hhowm Wedneaday and Thnra- hdUon^^owert^'tonlght or Thnraday; cooler In north portion. Mlnnetmta-SIwurcra tonight; .fooler In aontheaat portion; Thnraday partly cloudy, with ahowera In ca»t portion. lows— SIWITMi dar ahowera: cooler tn Mat portion. . Mlaaourl— Shnwera tonight or Thnraday; ° < Kanaaa > and , ^°ath Dnkota-Sbowera and GIBERT & CLAY >• K ALABAMA *T. STOCKS. BONOS. COTTON. GRAIN. CO FFCC. PROVISIONS ATLANTA, OA MEMBERS few York Stock EiehangsINew Orleani Cotton York* c" Goo rasr.’gsr At* York Coffee Eichanffe-I-Vetr Orleani Bfnr.1 of Trade./Galieaton cotton r.xmangw Local and Long Dlitar.cn Talephon?52S&! Lxcb * n 1fil n. FAGAN, Manaptr* AT THE OPENING Commission Houses and London Were Heavy Sellers Early. CAUSED THE DECLINE After First Few Minutes, Quiet Buying Stead- , ied Prices. / Ry Prlvutu Leased Wire. New York, Aug. 22.—It was difficult dur ing the first'two hour* of today**, trading to dtafluirnUU any tendency ut tiu lu tho prire mo.euieht. For the entire.'rapruing, tide of speculation movetit restlessly and fro. At interval^' creditable strength was shown; at other times It ap peared thnt realising Miles s/*ro sufficient to till every bid of speculabnni anxious to renew the rise. Generally, the trading by more subdued, nnd tho tango ot was much narrower. The featuro of |he morning was Great Northern preferred, » bid up violently 10 polnttf opening nguotos. Northern l’n- dfle rose briskly In Sympathy, and the at liirariii un* c m niitriiitim c rniLuinuoiiB, with the movement jfn steel shares, caused The whole nttUude of the speculative community was one of profotiud uncer tainty. In the stock market opening changes for he most part - showed Irregular fractional hauges. UnlAu 1‘ndflc opened off %, but recovered Itsv loss. Declines as s rule av. ernged H to Amalgamated Copper open ed at a gala of % to lOSifc, then rose to ifoVfc. The stock market’s principal topic of dis cussion is of the Great Northern ore deal. Houses timt have lteeu heavy buyers of 11111 and. Harritnau stocks, nnd also of the Hteel shares say that an announcement lu regard to the ore contract Is very close to band And may be made today. and commission hout.. - of the list. The nunply nnd pressure from thuiie sources caused early declines ranging from small tractions’ to a point, but after the first few minutes there was quiet but persistent buying all around the room. The volume of business lu the first hour fell off again. Governments unchanged. Other bonds are Irregular. LONDON STOCK MARKET. STOCK— Anaconda Atchison... Canadian PSelflc.. Chic., Mil. and St. Paul Brie.... nrie.... .. »• .. .. •• •• .... Illinois Central.. .. .... .. Louisville and Nashville.. . Heading.. .* PentosyTvanla Southern, Pacific, Union Pacific United States Steel do, preferr^l RANGE OF NEW YORK STOCK MARKET; Amalgamated Cop uerif _.ciui Sugar fteflnlug Atlantic Coast I.iue.,.. Anaconda American Locomotive do, prof cried..., American Smelting Refining Atchli Jo. Prefe ed..„ do. prefei Anjcrlcuit Cotton oil Rnltlmoro nud Ohio Ilrooklyn Ilapbl Transit Canadian l‘nH(lc Chlcugo and Nortbwettsrn Chesapeake and Ohio Colorado Fuel and Iron I’emral leather do, preferreii Chicago nud Great Western Chicago. Milwaukee and Ht. Paul.. I><*laware and'Hiidson... glatlller’a spcuritlcs......V.’.*.’.’ do,.t)^wrrt....V. , .V. , .‘.V.V..V.*.V.V." General Kleetrlc Illinois Central. American Ice Securities...., Louisville and Nashville Mexican Central..... Missouri Pacific New York, Ontario nud Wwtiff. National Lead. Northern Pacific New York Central Norfolk and Western Pennsylvania People’s fins Pressed Steel Car do, preferred.... Pacific Mali Republic . Itock Islsnd do, nreferrod.. United States Rubber . do, preferred Southern Pacific , Southern Railway do, preferred... SloKs-Sheffield. Tennessee (’mil and Iron Wisconsin Central .’ io, preferrgd Total stock sales today 1,563,900 shares. RANGE OF THE COTTON MARKET AT NEW YORK. oct. , Nov. Dec. 9.89 Mi 32 8.89 9.16 8.78-80 8.87-89 9.06-08 9.11*13 — 9.16-18 9.25 9.26-28 8.80-88 l| H 9.0S-09 9.18-15 9.17 9.26-28 P.32-33 9.88-27 Closed barely steady. AT NEW ORLEAN8. tures In New nr b 0 |i Aug. . . Sept. . . Oct. . . Nov. . . Dee. . . •fan. . . Feb. . . March. . Closed steady. TIPS PLASHED From Wall Street Private Wire to Olhert Clay. New York, Aug. 22.—Marshall, Spader & Co.: “Wblla moncjr rates may be the au< log Influence today, and re- g the possibility of go** agerly looked for, the > Include gossip cone* STOCKS AND BONDS. WARE A LELAND’8 DAILY COTTON LETTER Ang. i ___ acter of tb* cotton market Is not difficult to explatu In view of the extensive de NOTES ON GRAIN Polntsrg on Provisions. ilcago, Aug. 22.—Wheat opened firm o« the ndvauee lu tho Northwest, which, some think, wna due to a little run ou (he part of shorts (u September up there. Armour sold December here. The tone ot the wheat market Is distinctly changed from the past two days. Males'cau only be made at concessions. Tue undertone of wheat has gradually gained streugth the past few days, and as prices bold steady with no selling pressure mi the market, some rurther rally seems lu order. Tha pit crowd who on Monday were sell Ing Ssutember wheat short at 70e are now going Jong of December around 75c. Don’t see the logic of it. Oats opened shade higher ou buying by tho pit crowd. Harriett, Frasier & Co. are now fair sellers of May. Updike now sell ing May. Inter-Ocean: Vandusen-llarrlngton, M.uues^olis, says: “It Is too early to estJ mate shrinkage of late crop lu the day of damage of 1* count of hot waotber seem to oe very ex treuie from Inter reports. There was un doubtedly some shrinkage. Weather north now In good.” As to Nebraska corn, Fremont wires: “Samples of growlug corn coming to the of fice yesterday and today show they are best we ever had at this time. Kernels are between milk and dough, ears are filled tb tip nud very heavy. With continuation of the stronger yesterday, reflecting deteriora< this factor will hove a potent argument for her prices. iftter demand for oats. ... think wheat an excellent purchase.' The i:hlrnjr‘> Hecord-llerald^ says: “It- Is best of authority thnt u i AVI bushels Hcptomber wheat to elevator concerns, which gave the Decembr tu return nt a preuduui of V P‘f bushel tor have been pretty well Ih. continued decline of 15c per ImstieK rilNl grain Is now lu strong hands. Sales or cash grain Ih Chicago 46,W0 wheat, 125,00(1 corn and 170.000 oats. “fieaboaril sales 104.000 wheat, 28.000 corn nnd 75,000 oat*. One firm yesterday bought 40.000 bushels corn, the largest purchase it) The ii thirty days.” COTTON HIGHER ON PROFIT TAKING the da. trade, liu-luding some of the more p lueut Interests. Is still bearish, but the time being, nt any rate, there was more disposition to secure profits than there was to vngnge extensively lu new l urn, uip irreif’is ui new , .. heavy. Houston getting 8,999 new bales. Galveston 6,702 aiul New Orleans 93. The westfier at the South was, in the main, favorable, though showers were reported at many points In Texas nnd a further prvclpl Utlon occurred In North Carolina, where the government says heavy ralna of fate have ranted considerable damnge. Rut, on the whole, the crop reports continued to Indicate s large yield, nud this accounts most everywhere. Yet ' Iiiflueuce for a Firmer Open ing in the Wheat Market. CABLES WERE HIGHER The Canadian Crop Report ed Damaged Was Also o Bullish Help. * By I'Hr.ti* iWiihI Wlr,. Chtngo, Aug. 22.—There was a firmed opening in wheat today lnfloenrr# chiefly by reporta of excessive rains In the northureet and a forecast for more today. Cablet were 3-8d higher on reported damnge to the Canadian crop and a firm Winnipeg market. CHICAGO GRAIN MARKET. No. 2 red 73l;fa>73*.i: No. 3 rod Jo. 2 hard whiter «M4$72; No. 3 do ©70*. PRIMARY MOVEMENT. movement of wheat nud corn: \Vhent—Receipts today 629.009 bushel*, mlnst 621.000 bushels Inst year; shfr>m*fA« sht.v 218.003 bushels, ngalust 316,000 bush- 4’oni~it*eelj>ta today 633.000 bushHs. against 718,000 bushels last year; shipment* today 400,000 bushels, against 460,000 bushels last year. LIVERPOOL GRAIN MARKET. ilHj Rid. Asked. Georgia 4K*. 1915.. m Georgia. R. R. 6*. 1910 1<* , Savannah 5s. 1909 •••• Macons 6s, 1910 ,.106 Atlanta, 5s. 191L. 106 Atlanta, 4H*. 1922 107 Atlanta 4s. 1934.. lg Atlanta and West Point. . . .!« Atlanta and West Point Debts..107 Central Railway of Georgia 1st Inrome ....... do, 2d income.. do, 3d income.. .. ??«*“• ?g it*W Items will also ’include gossip cpncerijlng the ore deal and reports that Union Pa cific holdings of Investment securities majr IliesfloB i vleir narrow margin of surplus respective- held by the banks, and the kind of ro pass into tu« hands of a syndicate < 113 , nation* exceeding 9J00,000,(m>. The qiic 22*2? Imports becomes Important In 3 r, 34i of the narrow margin of eurplus respei in 170 UO important proportions. Meantime, the only guide you hare to these developments la the action of the market, watch may have, Augusta nud Savannah Southwestern.. Georgia Pacific lata. and A. late.. ■M COTTON REGION BULLETIN. For tb. 24 boon .ndlng it I a. m.. nth meridian time, Anrut a, law. STATIONS OF ATLANTA DISTRICT. •Atl.nt., plMir. •rhnttrtnooRa. Plear. t'olmnliu.. clpar, . . Galn.avlllp, plear. . Graanrlll,. plear. . Griffin, claar. . . . •Mapon. rlaar. . . , Mnntlcallo, clear. . Newnan. clear. . Rome, elear. . . Knarfanbitrff, elear, TiilUnAAifl. clear. Tnllnpoosn, clear. Tnccoa, clear. . • ““eat Point, clear. MfiT Max. Mlo. TTT •minimum temperatures are for the 12 hour period ending nt 8 n. in. tble date. HEAVY RAINFALLS. Macon, Ga.. Black villa, 8. C.. v . .. .. .. . America*. Ga - Milieu, tla .. !ultmnn. Ga.. . ..1.94 . ..3.24 . ..2.20 ....1.69 .... George. .. Florence, 8. C.. Weldon, X. C.. .. . ..1.74 . ..2.34 . . .2.84 harieston. Galveston. . Little Rock. Memphis. J *Wle. c . . Montgomery. New Orleans. Oklahoma. . Savannah. . k Vicksburg- /} Wilmington. . . . -I 10 T indicates inappreclabl ill Dtit. ATcraan. Ill & *22 IT 70 raTnFair We OflcaJly* .... the metals sud steel stocks supported the coslere.” Dnnlcl Odell A “MsrkSt may dla-* play further weakness today, but think S ood stocks like Atchison, Southern Pacific. t. Paul and Norfolk, vrill then be good purchase*. There was good buying In thep Issues yesterday.” * Think Pennsylvania and Union Pacific will advance. __ The New York Financial Hurran says: “Discriminating purchases, especially on weakness today, will, wo have reasons for believing, give good returns later, although bearish operations may bo expected in con, sequence of the natural* rgccsslons of je$- iterdayjrhlri^sij^mwjBtbsn coyiiu^u* •urate with tke advance and of technique much t the public baa taken n good weight of stocks. That there has been dlstrlbuTlo^ of stock* Is plain to us, but that the bulk yet remain* In inside hands Is also manifest. Until the market interests shall have suc ceeded In disposing of their holdings the trend will continue upward under existing conditions, ns we calculate thqm. We un derstand developments are pending, to he announced from rime tp time, that will t .. - * - ,4 *i!* enthusiasm. w ~ cllne that hns recently taken place Jn the effort of a Urge abort Interest, to cover cotton without causing much of an advance tn prices and the exceptionally favorable tenor of by far the greater percentage of crop accounts at hand from the south, Uenratloiis are on a more restricted scale, owing to the uncertainly and the feeling that the market uiay lie lu for a reaction of 80ft4O points on an oversold technical condition. Beyond this, there seems to Ih* tlmout continues beat .. ... the progres* or tho cotton crop. It la still early (ii the season, and ns cotton hns not sold at 9c In some time, and the world's spinners needing tt large quantity of cot- sup of the stock at present prices. ...... port has onerated In favor of Nteadlness ^ -— -- “ snd ninur larger traders are now willing to both buy and sell nt the Current level. The mnrket seems to be In n reactionary mood, but on nnv udranre, the Houth Is likely to begin selling agnin, nnd. of course, Inducements for the trade to buy now no ticeable would be absent on a rise. It looks as .though we would have a good trailing market for some time to come. bale*, with quotations 3 points high- ... In the past few days, the market has developed Into a comparatively narrow affair, aoroly In nted of the broadening Influence of n more general outside Inter est. Under existing circumstances, the more professional elements are not In- dined to npl the mnrket either one way or the other, the belief prevailing thnt crop news, furnish plenty of bullish expect to see banking support ngatuat too sggresslve raldlgg today, and if good stocks hare already l>een bought on the recession we iMdtevn they should be averaged confi dently on further declines, which are likely to be but temporary. It will probably be found thnt a recovery will ba led. by spe cialties, nud these may Ih* found among low-priced Issues which take less money to - greater safety. stated Tuesday morning, the general list nnd be irregular tempo- ‘ " mort Interest will, we firmly believe, give good results." Trieste New down. Wire to Wnre A Inland. • York, Aug. ■J!.-I.otuloti'%01 point REMARKS. j rnightlr higher temperature, weiV report ed In meet of the wettera ana aonthrm dla- trirta. Kaltia oertirred tn all except tha Mo bile dlatrlct. The anieunta were hear, nt polnto In Georgia, North aad Houth Carolina and Florida. THE SUGAR MARKET. Br Private Leaeod Wire. . New York, Ang. J*.—Huger, rrdned and ntw. unetutnged. I-ondon licet market •teadr; Augnet »• Mid; September »• W. market will be eitremeljr Irregular. There la a renewal of talk relating to United Stalea Hleel inking over Fuel, but ‘r> net attach an- Importance to It. On eharp decline.. Iielleve tho good atocka can he bought. <nnd would f*Tor Hteel. Antalgamaletl Popper, Norfolk, ( he,. ajH'age and Ohio, Erie nnd the low-priced r *T«iv la allll hnlllah on Harrtman PaflBc, and Hill l*ane». It la reported from gotcl qnartera that Repnldlc Hleel la ready for a moremem unward of M potato. The Gate# faction la underatood to be hondllnn the movement. Ttpa come direct from the head of thla Part,. GIBERT & CLAY 8 DAILY COTTON LETTER. New Orleani. Aug. at-Barly IJtrrridxd coidea were dlatlnctif Irolllah on »»» d a lea. favorable character roorernlng Ike i ron, which acnllment ontlona earlier folly reflected, but later Inal when the large xhort Internet heretne more thoroughly II- with cllne bus been so thorough that consbl- enibla difriculty would, tu all probability, bs cxportciiceft should an attempt bo mails to force values lower. Under the sur face! however, there fle* Important fne- tors directly and Indirectly Iwnrlng npon the cotton market, ami which, nt itielr proper time, will undoubtedly exert tlielr proportion of Influence. First, the free movement of early cottou. which oeems to intis lion of vn (ties In the stock market may nt the time of Its realisation, lucreass bearish sentiment, and In opposition the from low level* recently observed SOUTHERN EXCHANGE Otdeat L'atnbllahrd Office South. COTTOU STOCKS BONDS GRAIN Qround Floor Gould Building. Dally market latter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital {250,000 Rr.reNENCC. THE NEAL DANK PHONE 14tT. PRUDENTIAL BLDG loug account „ prominent commission houses for Wall street nud outside ac count. Room traders also leuight for a turn, sod prominent spot Interests were Wheat—Opened 1 mpie higher; at 130 p. m., %c higher; closed nt Vfl4«* higher. Corn—Opened unchanged: nt 1:30 p. m. %e higher, nml closed Wfse higher. NORTHWEST CARSh -Glbert ’lay. New Orleans. Aug. — __ oernt: “YeHterdny’a cotton market was ratio because or the conflict of profes sional opinion at the moment mail _ Hrefill students of the staple nre unnldc t** tuolil iM-srlnh argument out of the absence ter of fact, there would now seem to be *#me reason for' Hr* belW that tbs crop nud the tenor of the government s weekly weather reports have racked Usr- iy of detail, uud that deterioration l»e»m more prououm*ed In some sections than generally suspected- However, pend lug the growth of the new inovetneqt. n steady If not n reactionary market Is quite logical. Logically, the spot market ha* not ret gone on the hosts ot uew crop values i»erauao new **ro|* cotton ha* not begun o wore In the New Orica us territory. Ibis, of course, accounts for” some, of tue Olscrepsncy Si I-eland. COTTON SEED OIL MARKET. New York. Aug. 21—The market for cot ton seed oil was moderately active nnd i* III steadier. There was some little cummls- Heptember wns'mueh lera active. , There la a general feeling that the nearby positions have been pretty well evened up, nit bough some Interest# nre claiming that there Is still quite a liberal open account In Sep tember. The recent weakness lu futures ha* unsettled fh« markpt for crude, lie- »orra of faroraldo crop developments In Texa* and liberal estimates of tho cotton Hgnlust Closed steady. Hales 8*9 October at X2%. CHICAGO CAR LOT8. Today. Totnorro THE COFFEE MARKET. New York. Aug. 22.—The opening of fh* coffee market made rather n poor showing. considering the favorable enhlet*. whh-li <1M not fully respond to the New cllne of yesterday. This ntnldlltv Kuropenn market nppeurt mtirh ns a large share of the rec itM. . I* uot above n parity, the Itelng tho rase.—Glbert Sc flay, tli»e»lng range and close of the N»- January.. . February.. March.. .. April May June.,... .. July 'Alltflfiat.. Range, .,7.06-7.10 ..7.10-7.20 -1 .7.35 s 7.15-7.45 October..,. Novemlier., Ileceml*er.. t'loawl steady. ..(L70-8.90 -.6.81 ..fi.86-fi.90 ..fi.994.96 . .7.03-7.06 Mji \7M 8ome demand for Canadian Pacific In the I on u crowd, but other stock* plentiful. Germany placing order* f.»r Smelling Iron Stale trank Increases Its vupfti ooo to n.ooo.ooo. Jjike competition eanses rednetb) port grain rates. Twelve ludiiHtrlnl* daeroaifld T8 per ecu Twenty urtlve rnllronds declined 1 as p*« cent. CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers' Checks, Brown Brothers' Letters of Credit available in all parts of the world. east and south |H»rtton; TUuradny fair and slightly warmer. Montana—I’Srnjr cloudy-tonight; shower# i east portion; Thursday fair and slight- i warmer, | Ktm OsfctM. WARE: * L.EL.AN O „ cottonTgrajn, hkovisjons,stocks, bonds, h. 3 Hfjfi SI., ftl.ri *t}0tll„U. Ot. / • MEMICtS: Chltt,, Bttr, tt Trtit. Ktw Ytrk Cttttt ItcAttpe. tefefi.T,£S3S!2 trirsl* Wins Is Hew y#rft. few Orltsst, ChUtgs. 8. C COrifffiE ITjasarr. Bell nssstXJ. StmisrS fU StnSsrd Ph**e 2%. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNTS INVITCO $200,000.00 $500,000.00 Wo invito accounts of Individuals, corporations, banks and bankere nnd offer the best terms consistent with conservative banking. ■■■ — - —