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JOSEPH B. LIVELY ( Mr. LI l THE GEORGIAN’S RECORD OF MARKETS AND FINANCE .Irely'i 25 years* etporlenee edltlnc markets In Atlanta sad South has made him a rec ognised authority in his specialty. AT TJ_ OPENING Initial Prices Were Lower With Selling Orders from All Quarters. NEWS AND GOSSIP Of the Fleecy Staple. LIVERWOOL WAS WEAK Smash in That Market Pre cipitated the Break in America'h Markets. at the opening of the market amt prices were weak. Im- liatelv after the start, -however, there n slight rally. The break was precip itated bv the smash in the market at Liv erpool, where it was understood some heavy selling had been done by recent bulls here. Wire and commission houses, ll( well as Wall street, sold a lot of cot* [on around the opening. The Liverpool market wont to pieces this morning and New York followed suit. Snot In Liverpool, on sales-of 5,000 bales, jtji* quoted 10 points lower, while fu tures nt the close were 8@10 points lower, declines representing 16®20 American whl<li Induced heavy selling at the open- decline was renewed, to he followed iitfln bv covering, on some unfavorable ?r»p nevrs from Texas, and an hdvnuce of a few points. A dispatch from Beeville, nee county, Texas, says: “A heavy two days' rain has n-eatlv retarded cotton picking nnd Is do ing considerable damage to the staple. All rins In the county lyo overcrowded and running over time.*' Tnvlor. Tex., wires: “What promises ,.i be the greatest menace to tho cotton crop here now are the frequent showers flint have been falling today, and the pros pects are for n continuance. Many cotton ph-kers are arriving, and more will come during the week. Picking will be on In earnest this week If the rains will cease.'*- Receipts of new cotton continue on n liberal scale. New Or|.*nns receiving 3. Gal- veston 4,236—all* of the .day's rccelpta- llouston 4,048. and Memphis 1. Houston expects tomorrow 6,000 to 6,500 >abs, against 3,600 last year. SPOT con ON MARKET. ).80c. New Orleans, quiet at 9Ht*. Liverpool, steady at 6.34d. Savannah, quiet at 9 l-16e. St. Iuls, quiet at 10c. Houston, steady at 9**e. Heston, quiet at 10.10c. Memphis, quiet at WlC. iialtiSSSfS,' '/lomliiftf aL9H(*. A Co. say: Private Wire to Giliert A Clay. New York. Aug. 23.—Liverpool opened 6 down on near and 4©5 down on spring months, nos due unchanged. Liverpool says: “Cause of weakness here is some actual, some bear selling nml some local re-selllng, 1 anight In antlelpo- 1,0,1 . n .reaction. The market exhibits very little iMiying power. Crop accouuts fu vorable." ^August 31 will be first September notice C'arnenter, Baggot feel bearish atul Tut.. . ultimately lower prices, hut In the narrow- ness of this market we think It Is but good busluess caution to put out small lines on any ndvaiice until your position is assured, when increased commitments esn he made with satisfactory results, as those flgui look to us far from the bottom, but 1 top we can not nnme." / Dick Bros, sold considerable of their cot* tou this morning. As long as good weather continues, mar ket will decllno for lack of friends, but would much rather buy it than sell it. Ing more The mvoraoieness or ine map, comomeu with a weak Liverpool, will doubtless have their effect on openin' —*— New Orleans, Aug. down Is very rotten. An unchanged mar ket was due. The market looks very weak, despite the considerable shrinkage of values — S, liml the only support co covering. Bear aggress! r . Ilicking, otherwise lower prices would prob ably he in order. The western forecast Is for generally fair tonight and tomorrow for Louisiana. For the balance, partly cloudy weather, with Private Wire to Ware A Leland. New York, Aug. 23.—Futures opened qntet 2®3 down. At 12:15 p. m., 6 down nml quiet. 8ales 5,000 spots; 10 down nt 5.34. Futures due to come about un changed. Weld, who had long con ton, sold out large blocks yt jtlll think market will go lower, aud ad vise sales. Do not look for much of rally. Market opened heavy and demoralised. Every one wanted to sell cotton. Practi cally no buying power. New Orleans and Liverpool heavy sellern here. Market Is certainly not strong, and think It lionnd for lower prices. Advise sales. New Orleans. Aug. 23.—Cables are sen nationally bearish. They were due about unchanged on both. At 12:15 n. m.. they are 6ft8 down. Offlcinl reports call the spot business small on a decline of 10 points for American middling. f The weather map Indicates very little rain over the cotton belt. Temperatures are rather high. THE WEATHER. LOCAL FORECAST. For Atlanta and Vicinity—The weather tonight and Friday will be unsettled, with showers. WEATHER IN COTTON BELT. Wlluilugton, nominal. LIVERPOOL COTTON MARKET., Liverpool. Auk. __ 12:16 p. m.—Cotton, iiii-in'ot, «tn«li. with prtrM easier; niliiailijK uptonUj. S.Mdi Mto, 6,000, Aniori; Not. . Dec. , - iKt-.-Jau. . , Jail.-Fell. , , Kelt. March. . Miirch April. . Aj-ril-Muy. . . Closed easy. idling uplands, o.-hu; snie* *,«»! 4.500; speculation and export 500; re- •hits 7.000; American 5,700. vmumi l-rarlou. Usage. • Ulna#. Close Ugust 6.12-5.08 6.04-5.06 6.14 usu.t-8.pt, . . .5.06-6.M 4.W-S.00 LOS * •»* - - ,6.00-4.96 4.93 .4.98-4.94 4.91 ..4.98-4.94 4.91 .4.99-5.00 4.92 ..5.0K496 4.93 .6.02-5.00 L96-4.97 5.05-5:06 ..6.03 4.96-4.97 6.07 4.99 3.00 4.99-6.00 5.00-5.01 5.02 B TODAY’S PORT RECEIPT8. The following table shows receipts)it the ports today, compared with the same day last year: Minntmb. . . Charleston. . Ktirfolk. . . Baltimore. , 1906 INTERIOR MOVEMEh 1 ’ Thp following table showe i Hi CIBERT A CLAY 8 DAILY COTTON LETTER. say tlie least. Very favorable v.V " rvv " was the Incentive for the heavy S5 ln « 'hat lasted during the day. and Mug no supports options closed easy ■t a In8* of from giw points, while spot R8D«fl,-t!i mi were 6,000 bales 10 points low- I***»l.it«* the considerable loss record- f? ,n 'nines abroad, the market’s open- i n f *»* very quiet, the trade evidently filstek by the swift developments In l"»“i. No serious attempt at any, "a* made to recover the decline, n,l| v Improvement noted emanating support furnished by satisfied shorts. - i?" *»• the weather remains fn- orni,|,. „ re jhnre any hopes .existing for « niarwr l Iniprovement from the new low f.LT * .““fnbushed, and yet there are n t * * rll, ‘"rl*e thnt the weather having n, ” "" uniformly excellent; these condl- K,,' in not Inst Indefinitely, and thnt JfMws.s Hhouhr be mad** tit nntlclpntbm 11 n f' 1 vorable circumstance. Bnt the tbr n iv» r * m, l**ne to adhere to the belief b< kir, . n, '.h '**y of average weather and anrkl, Uu ‘ ‘‘'ng-expected crop scare, the »nl o . Bosltlou tieeiHnes nil the weaker *t stlipwill Ira viewed levels. Jtm I Texas—Houston and Tyler clear and I warm. Dallas partly cloudy and warm. I Fort Worth partly cloudy • - , Mississippi—Jackr* — nml warm. Yasoo II b-sburg clear and hot I Alabama—Blrmlnghair. ely and Opelika, clear and clear and very hot. Georgia—Atlanta clear and warm, rain lost night. Columbua clear and hot. WEATHER llTwHEAT BELT. Extreme Northwest—Generally cloudy to 62 above. Northwest—Cloudy; 62 to 58 above; gen eral rains; now raining at Huron. West and Southwest—Partly cloudy; 66 to 78 above; general r/tlns in Nebraska; heavy tn Kansas City. Ohio Valley—Clear and continued warm; 72*to 76 above; light scattered showers. WEATHER FORECA8T. Florida-Local Friday. Wisconsin—Showera tonight; cooler In the south portion Friday; partly cloudy and showera. South Minnesota-Cloudy tonight. Iown—Showers and cooler tonight; Friday portly cloudy; showers and cooler In east. Missouri—Showers and cooler tonight; Fri day. showers with cooler In east. Kansas nml Nebraska—Showers tonight; cooler tomorrow. WEATHER CONDITIONS. The northwestern area of high barometer has pushed, southeast during the last 24 hours ami now' covers Montana, Wyoming and North Dakota, central near V" Mont. The center of lowest pi_ over southwest Knusas. Over the eastern half of the mar the pressure orntlnues low and flat. As a result of existing conditions, the weather Is generally cloudy, with rain falling at Huron. H. D., Kansas City, Mo., Wllmlngtou. N. C\, nml Savannah. Go. Until has fallen over most of the eonntry :ist of the Rocky Mountains In the last 24 hours. The following stations report one Inch or more-of rain In the twist 24 hours: KnnSAs City 5.95. El I’nsn 2.44, Savannah 1.38, Augusta 1.26, Eastman 3.16, Greenwood, 8. C„ 2.10. The tern stationary The con and showers Ilk this section tonight nml Fri day. J. B. MARBURY. Section Director. e tempera tore has remained practically unary over, most of the country. i» conditions favor tiimeftled weather L. J. ANDERSON A CO.’S DAILY COTTON LETTER »w York. Aug. 23.—Liverpool gnve ylrady who ever thought of Mug a bull n black eye this morning, losing 8fi9 poiuts during the day's session. This weakness In the foreign market sent prices down 12019 points on the openlg In New York. Those who had Itought yesterday in the Iioih* of getting a short rally, rush ed In to sell, nml prices ran off In a few minutes nlmut 19 imlnts further. After tin* opening weakness, the market rallied a few poiuts on short covering and itccauie very dull. Weather news from the licit showed un material chauge, and crop estlmtnea continue to range high. Prices will prolwbly continue nervous for »ome little time to eonie until something af a decisive character occurs one way or the other as regards the growing crop. THE DRY GOODS MARKET. moment in domestics. Knit gisnls sold „ell for fall and spring delivery, although most of the lending Hues are nlrenuy sold of 1997. GIBERT & CLAY * *• ALABAMA I £ Stock Bxehani xori Cotton Esctuini '«>rk Coffes ExcSaSl STOCKS. BONOS, COTTON, CRAIN. COFFEE. PROVISIONS MEMBERS ATLANTA. OA. Private WtfM to .11 Eicktnm •nd Long Dl.Unc. Tdtphone S298. W. H. FAOAN, M«n,o«r. Heaviest Transactions Harriman Stocks and Steel Common. SELLING WAS HEAVY; Strong Inside Interests Ab sorbed the Offerings. * London a Buyer. New York, Aug. 23.—This morning's mar ket moved under the conflicting Influences of hardening money on the one hand and eueral feeling on the other that the specu- position had been considerably i»y G eneral feeling on tin itlve position had strengthened by the reaction of yesterday and the day before. In liomlon prices for the American list were up liefore our open ing V4 point to l point, and the local market under this encouragement started off with a rush. Great Northern preferred*repented its spectacular rise of yesterday, nml In United States Steel the Initial sales were advanced to Vt point or . .. „„ a like amount, and for the rest of the ... for the rise. But after the first half hour the pressure of realising sales slackened, and the whole list presented a very firm appearance. At mid-day, save for some upblddlng of the Copper shares, the market was quieter than It nns ben at any time since the Union .Pacific illvidend dec laration n week ago. The stock market opened st general sharp advances. Union Pacific opened l%c higher, Ht. Paul up 1 and Amalgamated Copper %c. Anaconda started 4 points higher. Great Northern preferred 8 points, Steel preferred ami Norfolk and Western preferred gntned He. Steel eotnmon galu- ed He and Northern Pacific 3He. • The heaviest transactions thus fsr were In the Harriman stocks and Steel common. One group of brokers sold fully HXE000 shares of Southern Pacific and Union Pa cific. This selling, which was only a part of the large blocks supplied, was assumed by the room to be for strong Insble In terests. There Is reason to believe that most of the selling came from the lead ing members of tho prominent bear party that was active In forcing sharp declines early In July, and that the orders were given out In such a war as to conceal their real sources. 8trong, Sturgis A Co. were the heaviest buyers of Steel, taking 25,000 shares. Other stocks. Including the Harriman shares, were taken persistently on scat tered orders, hut this scattered buying was Urge enough not only to absorb the heavy supply noted on 4he decline, but to take all the other orders on a later mate rial advance. London bought 40,000 shares on balance today. Governments were unchanged. Other bonds firm and active. LONDON 8TOCK MARKET. |2 pin Anaconda .. AtOilson 'niutdlmt Pacific.. ,. ,. .. Chic., Mil. and St. ran!.... Louisville and Nashville'. Southern Pacific., union Pacific., . . United States Steel., do, preferred.. .. RANGE. OF NEW YORK STOCK MARKET Amalgamated Copper...... American Sugar Refining. Atlautic Coast Llue Anaconda American . Locomotive.,.. _ do. preferred American Sineltlng Refining..... 4 do, preferred Atchison America. Baltimore and Ohio.. Chesapeake and Ohio,. _____ St. Paul Delaware and Hudson Distiller’s Securities <X\ pr‘eferriHl..V...Y.'.V."..V.*.V. , .V.V.!V.'....V!!!!!!!!!!;! Louisville and .. Mexican Central Missouri Tactile New York, Ontario and Western National Lend Northern Pacific New York Central Norfolk and Western Pennsylvania People's Gss Pressed Steel Car do, preferred Pacific Mall Reading Republic Steel.., Rock Island do, preferred Uulted States Rubber ..... do, preferred.'. Southern Pacific Southern Hallway do, preferred.... Sloss-Sheffleld «... Tennessee Coal mid Iron ..«..T.~,......... Texas and Pacific Union Pacific United States Steel do, preferred Virginia-Carol I nil Chemical preferred ti Union .p do, preferred Total stock sale# today 1,354,406 shares. RANGE OF THE COTTON MARKET NEW Aug Sept Oct Dec. . ! . . f>"'. ;; March. . 2% S. 66-67 8/69-71 8.86-86 8.91-93 8.98-99 943-15 9.17-19 AT NEW ORLEAN8. « «» Oalei tures lu New Oaleaus today: Oct. . . Nov. . . Dec. . . Jan. . . Feb. . . March. . 9.01-92 9.06-07 t.12-13 9.16 9.10-11 9.18-19 9.18-19 9.21-23 9.28,34 Closed steady. m COTTON REGION BULLETIN. For tbs 24 nonra ending at 8 a. m., 7ltb meridian time, Angnst 23, 1906. STATIONS OF 'Atlanta, clear. . . •Chattanooga, clear. Columbus, p. cloudy.. Gainesville, cloudy. . Greenville, cloudy. . Griffin, cloudy. . . . •Mnoou, cloudy. . . . "Montlcollo, cloudy. Xewnnu, cloudy. . . . Rome, clear Spartanburg, cloudy. 'CnllntuMkCil- pl(*nr. . . Tallapoosa, clear. Tooeoii, cloudy West Point, clear. . . . j Jl i .116 71 I T Minimum U'mperntato, art* for tb» W- hour period ending nt 8 a. ra. this date. *-•* -* wl late (wire trouble}; averages. HEAV\ RAINFALLS. Greenwood. 8. C Kastman, Ga its Dlst. Averages. ,92 Charleston. . . Galveston. . , . Ittlo Rock. . . ilempbis d ohtle Montgomery. . . New Orleans. . Oklahoma. . . . Savannah. . . . Vicksburg. . . . Wilmington. . . it Indicates fn REMARKS. The maximum temperatures continue high. the.average for the New Orleans dls- rlct being 98. Little or no rain fell In the MeuiphK Mobile, New Orleans and Okla- Heavy rains occurred at d Eastman, On. J. B. MAItliLUY. iji hi 70 THE COFFEE MARKET. New York, Aug. 23.—In , responso steady European cabtes and a private cable from Prados. Chaves A Co., saying that tho weather In Brazil is too dry, that there are no indications of tho first flowering, and thnt tho trees look exhausted,' the local market opened nt a partial advance of 5 points, but there was no bull support of consequence lit the market. Business was moderately active, but largely In the a possible rather than an active influence, fears of depression through tho evening up of the September option Is again becoming n factor. It should be re membered. however, thnt the switching from September was heart before tho re cent advance In prices, and that during tho upward movement a good deal of switch ing nnd outright liquidation was accom plished, so that the September long Inter est may not be hsnvr enough to do any damage. Meanwhile, however, the primary news seems fo be dlscouraglug tho rcceut buyers.—Ware A l.dnnd. ig nnd ket mm.. Following woa the opening ►se of the *’— " ' ~ “ NOTES ON GRAIN Pointers on Provisions. Chicago. Aug. 23.—Cables lower, reflect ing our decllue yesterday. No Indications of any large export trade, . ... .. a moderate business is being worked dully. Our advices ludicate altogether too. much rain in the Canadian northwest. At this level of 'prices, do not see where the bears hare any encouragement for offensive tac tics. / . . f Advices from Kansas City from the best elevator interests claim hot weather has cut down corn prospect 20 per cent. Bears were active again when the market show ed luck of support. OatM should be bought on soft spots. sidling by commission houses, especially September ribs and November lard. There Is aorno good buylug, but offerings unusually free so far. The Record-Herald says: “When the r vernmeut conics to Its October revision, believe It will raise ita corn and unts figures fully as much ns It did Inst year, says W. II. Bartlett. “If what they tell me in Minneapolis Is true, there is an immense cron of wheat In the northwest." said President Walter Fitch. 'The Ida grain men are certainly preparing to handle n large crop.” Returns from twenty-five threshings In North Dakota, Including ten from the Red River valley, showed an average yield for the whole of 15 bushels per acre. All of these reports were from districts that have lieen claiming damn go by heat. First arrivals of new wheat nt Minne apolis Indicate a high quality. There were ten cars new wjioat lu yesterday, of which seven graded No. 1 northern, two graded No. I hard nnd 1 was durum; Hales of cash grain in Chicago 210,000 wheat, 24,000 corn nud 100,000 oats. reflect this Russian news, there arc a mun her of traders here who are on the anxious seat, and if any developments in the way of prohibition of Russian wheat, It would cause it sharp rally. it looks ns If the market would drag a little lower. Wheat, corn nnd oats are down to low levels, however, and should be liought on all dips now. now, but does not act as I would tako much wheat. . ..... Only strength to wheat Is buying by lo ll shorts. It sets heavy. Oats opened n shade lower. Trade rath er light. Bartlett. Frazier A Carrington selling a few September and May; K scattered. rger run of hogs than expected with prices 19c lowrer, caused a lower ope** lug lu provisions. Commission houses sol PRICE CURRENT CROP REPORT. Cincinnati, Aug. 23.—The Price - Current says: “Week favorable for corn, with pre vious promise maintained. Oats damaged tn shock by rains. Packing 406,000, ngalust 375,000 last year.” THE 8UGAR MARKET. ..ew York. Aug. 23.—Local, refined nnd raw, sugar unchanged. London beet mar ket steady; August 9s 3%d; September 9s 3d. January.. . February.. March April May.. ‘ June , July August September.. October.. New York coffee rasrk Opening Range. Close. • -T.06-7.15 6.95-7.00 ..7.10-7.15 ..7.20 ..7.26-7.39 ..7.30-7.36 . .7.36-7.46 ...7.40-7.45 . .6.70-6.76 . ,6.75-6.80 ...6.80-6.90 November.. .. ,, ,, .. ..6.90-7.00 Decemlier ..7.00-7.06 Closed steady. 7.00-7.10 7.10-7.16 7.16-7.20 7.25-7.30 .7.30-7.35 7.*-7.40 6.66- 6,70 6.66- 6.70 6.70-6.73 M \ Cm 6.90-6.96 TIPS FLASHED From Wall Street -it is not yet quite clear why so seriour a loss in selling, unless the enormous pur chases of Friday, Saturday aud Monday came from a short interest not usually reflected on the floor of the stock exchange. We rather confidently expert the market to show a better tone bslay, and Indleve Capper, Steel common nnd the active list will show the effect ofjp>od support." Iwtter markew with Copper nnd ralalaU. .12 Imma districts. . ... Grcciiwissl, S. C., and Enstmnu. Gn Section Director. WARE A LELAND’S DAILY COTTON LETTER New York, Aug. 23.—The effort to booat lug some ij America cst figures quoted r- previous * ■*-- the pmntitles « Private Wire to Glbert A Clay. New York, Aug. 22.—j»k»»u«II. Spi der ,A Co.: “While this mornings reviews of the market point umulstakn- Expect iH'tte Steels lenders. We look for of the week. ^Tbj^JU^iij^best^u^ust^n^lH^ibitor^ better market the rest COTTON 8EED OIL MARKET. New York, Aug. 23.—The market for cqt- ton seed oil was gtrong and easily bid up with rather moderate buylug, prices being 2Hc lip on near months and 2c up October from the recent low point. ] ding was active, 6nd there was very little oil to he had on tho ndvnoce. Tho recent decllue In prices was very Inrgely, It stated, due to the liquidation of long oil. With that oil off the market, tho price im mediately began to Improve, nnd nearly half of the loss has l»een recovered. Of ferings from the South are rather liberal for distant delivery, hut the position of the future market has recently been so un settled that very little nctual business has voloped In crude. The market nt tho Jle wo# firm, with prices unchanged b JHe higher.—Ware A Lelnud. Opening. Closing. August. 36 September. g> 03SH 35' October. November December. January Closed steady. of the Iron trade. Steel common and Bt. Paul look fins; good buying In both. Very bullish Information on Steel com mon. Excellent buying of It. Chesapeake anil Ohio looks all right. SOUTHERN EXCHANGE OUat E*tabll,h«d Office South. conos —STOMS Bonos—GRAIN Ground Floor Oould Building. Dally market letter and market manual mailed on application. CHICAGO CAR LOTS.' WHEAT OPENED SLIGHTLY LOWER Pit Professionals Were the Best'Seller's in Early Trading. BUYING SCATTERED Continued Rains in the Northwest Not Having Much Effect Here. By Private Leftsed Wire. Chicago, Aug. 23.—Grain prices held up well, nnd this, too, on heavy selling of wheat by. Patton and Rycroft, two of the heaviest' aud most successful local trad ers. They sold on the hard spots, sup- Jy 4>n a cable denial of the Russian government's Intention of •rohlbltlng the exports of corn nnd wheat. Mnnheim, Ger many, quoted wheat 1 mark lower on free Russian offerings. Tho fact thnt Minne apolis held up well on September wheat mars n help here, os It prevented any raids tho market. Prices closed HGHc nlgher. Clearing weather reported In the north west. Corn closed HGHc higher. Oats were HCKc up to He oR. P steady. Primni shipment) bushels. Shipments. 375.000 bushels. Kansas City enorted the sale of 5.000^'bushels No. 2 red. rliiter wheat to Missouri millers at 69e, Kansas City. Cash snles here 125,000 himli- els wheat, 125,000 bushels corn *and 75,000 bushels outs. At the seaboard, 3 loads wheat, 50,000 bushels oats, ,but no corn. CHICAGO GRAIN MARKET. Provisions about evciiiia ikio,uupunsj corn receipts 313,000 Today. Tomorrow. LIVERPOOL GRAIN MARKET. Wheat—Opened H0H r - lower; 1:90 p. tn., H©H<? lower; closed H©Hc lower. Corn—Opened He lower; nt 1:30 p. m., un changed to He lower; closed HOHc lower. . 8.65 8.57& __ 7.22H 7.15 CASH WHEAT— No. 2 red 71H072H: No. 3 do 71071HJ No. 2 hard winter 7&K071H; No. 3 do fj on. PRIMARY MOVEMENT. The following figures show the primary movement of wheat and corn: Wheat—Receipts today 656,000 bushels, against 453.000 bushels last year; shipments today 383.000 bushels, against 397,000 bushels last year. Corn—Receipts today 412,000 bushels, against 447,000' bushels lest year; ship ments today 375,000 bushels, agfctnst 680,• 000 bushels last year. / ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, President. A. E. THORNTON, Vice-Pre,ldent. H. T. INMAN, Vlce-Preeldent. GEO. R. DONOVAN, Cashier. JAMES 8. FLOYD, Aes’t Cashier. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 REFEVtENCC. THE NEAL BANK PHONE 1417. PRUDENTIAL BLOC the selling by two i»pernt«*rn who Itought large ... rotten here in th'* effort to ml- ...BHB- market."these snles being coupled with selling from the South. The simple fact of flu* matter Is. nil enormous era» • to oe assured, and It i*jv»w a iiues- .. .. of fludhig n market for the cotton. Around thi*si* advances the pressure will »e with the weight of the bale*, nlid „„ returns nu ample profit on production the South can !*e expected to keep on selling until a decided ehJmre In crop prospects takes place. Around 9»*"buying by spinner* la n featun* ami this tends to sustain the market. • Gradually this support will Is* weakened. [ j the cotton is fieri* fog sub*, nn l us th-*! Smith continues »o sell, prices wl!l tiiiqnc*- j tfonnldy work downward. White we would | i«it lieeonie aggressively *K*irf»h o:» 21 au • j t p'iJnt breaks below *•. It looks very tuue!i , ns though tin* downward movement bad n**» run i # * course. un*t »l»'* i-fllen sold et» bulge* will return profits. HUBBARD BROS & CO. j mKants Atlanta Office*, 219-221 Century Building. Member* New York Cotton Exchange, New Or leana Cotton Exchange, Liverpool Cotton Aiso- clation. Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchanges. Direct wire service. Correspondence invited. Phone* 454, Long Distance 59. A.S. Hushicr. Mer. IB Frank Hawkins, Presldsnt. H. M. Atkinson, V. P. Tnomas C. Erwin. Aast. Cashier. Joseph A. McCord, CstMer. • R. W. wyers. Asst. Cashier. Third National Bank Capital Surplus Dr. A. W. Calhoun. II. Y. McCord. DIRECTORS: Frank Hawkins. II. M. Atkinson. Joseph A. McCord. $200,000.00. $300,000.00. J. H. Nun J. Carroll 1 B. Rom avid Woodward. 3| % Compound Interest Is the rate your monty will draw if deposited In the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST, 1 CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and Inspect our quarters and Investigate our faellltlee to serve you. A hearty welcome awaits you at this bank. ASA G. CANDLER. President. W. H. PATTERSON, Vice-Pres. A. P. COLES. Cashier. JOHN 8. OWEN8, Vice-Pres. WM. D. OWENS, Aset. Cashier. WARE! & L ELAND COTTON, CRAIN, PROVISIONS, STOCKS, BONDS, s*. 3 rwrr*., frfm-fj/n,'.,, tr/i.i., c. * Inf nu (r«tn firtM,-. CUft„ Inti tl Trill. _ , (ell., ftthngl. Clitif, 5/ ' r Atn-iftln. kew firk Ciffte [ukmgt. if «,»> t. to In». In Orient, Cifesfa B. C. COTHRAk, Utitin. - r* Sit.far! Pint 3JS. THO*. J. PKnrLFS. Cashier. JAB. O. UWTIIL As. t Cl MADD0X-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITED We invite accounts of individuals, corporation . bankB and bankcre nnd oiTer tlie best terms consistent with conservative banldnc-. ually at the Rate nf 31-2