Newspaper Page Text
.
THE
ATLANTA GEORGIAN.
THURSDAY, AUGUST 23, liWr.
JOSEPH B. LIVELY
ly( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE^
Lively's 25 years* experience
tilting markets In Atlanta and
Sooth has made him a rec
ognized authority In his specialty.
AT THE OPENING
Initial Prices Were Lower
With. Selling Orders
from All Quarters.
'LIVERWOOL WAS WEAK
Smash in That Market Pre
cipitated the Break in
American Markets.
>>«• York, Aug. 23.—Them was conild
•rahlu exdtpmeut nt the opeulng of the
cotton market and prices were weak. Im
mediately after the start, however, there
ntiH a slight rally. The break was» precip
itated by the smash In the market at Liv
erpool, where It was understood some
heavy selling hid. be?ti done by recent
The Liverpool market went to pieces
this morning and New York followed milt.
Spot In Liverpool, on stiles of 5,000 bales,
ms quoted 10 points lower, while fu
tures nt the close were 8010 points lower,
these declines representing 16020 American
^fn'the New York market, Initial prices
were ll'ffl'O points lower, l)elng n full re
sponse to the decided weakness abroad
which Induced heavy selling at the open-
slight rally followed later on cover-
Inir. but when this demand was Mtlsflod,
the decline was renewed, to bo followed
again by
ST
points.
'exas, and sn ndvnnce of
county,
has
A dispatch from Ileevllle, Bee eoui
.exas, snys: “A heavy two days’ rain
crently retarded cotton- picking and la do
ing considerable damage to the staple. All
tins In the county are overcrowded aud
running over time.'*
Tarlor, Tex., wires:* “What promises
to lie the-greatest ’menace to tho cotton
crop here now am the frequent showers
that hnve t>ceii falling today, and the pros
pects are for a continuance. Many-cotton
pickers 'ate arriving, and mom will come
during the week. IMcklng will be on In
curliest this week If the rains will cense.
Receipts or new cotton continue tin a
libornl scale, New Or|*nns receiving 3. Gal
veston 4,236-all of the dnyts receipts—
Houston 4,048, nnd Memphis 1.*
Houston expects tomorrow 6,000 to 6,500
hales; against 3,600 last year, •
8POT COT1 ON MARKET.
Nfw York, quiet fit
New, Orient).. quiet at Sttc.
l.irerpool, steedy »t i.*4d.
Snvmtnnh, quiet at 81-16C.
St. Louis. quiet at 10c.
Houston, .teudy st 9*|c.
Iloaton, • quiet at. lO.Wc. ■
.ilcmphlaf-qulet at «%c. •
UaMItaa, quiet.at IHc- . •
tinltlniors, nominal at »%c.
Norfolk, quiet at Hie.
Mobile, weak at Hie.
Chnrleaton. quiet,.at 314c.
Wilmington, nominal.
NEWS AND GOSSIP
Of the Floecy Staple.
Private Wire to Olliert & Clajr.
New York. Aug. IJrerpool opened
6 down on near nnd 406 flown on spring
months. Was due unchanged.
Liverpool snys: . “Cause of weakness
here Is some actual, some bear selllm
some local re-selllng, tonight In ant
tlon of a reaction. The market exl
very little buying power. Crop accounts fa
vorable.”
August 31 will bo first September notice
day.
carpenter, Bnggot
feel bearish and nave every confidence In
ultimately lower prices, but In the narrow
ness of this markeft we think It Is but good
buslueSs caution to put out small lines on
any advance until your position Is assured,
when lucreaaed commitments can be made
with satisfactory results, as those figures
look to us far from the bottom, but tbu
top we can not name."
Dick Broa. told considerable of their cot
ton thla morning.
Aa long as good weather continues, mar
ket will decllno for lack of friends, but
would much rather buy It than sell It, on
the theory that we can not always have
good weather*
Map Is alternately cloudy and clear, and
comparatively dry, tho rainfall recorded be
ing confined to tho Atlantic coast, and
more especially to the state of Georgia.
The favorableness of the map. combined
with a weak Liverpool, will doubtless have
their effect on opening prices.
New Orleans, Ailg. 23.—Liverpool at 5
down la very rotten. An unchanged mar
ket was due.
The market looks very weak, despite the
considerable shrinkage of values on the
opening, nnd the only support comes from
shorts covering. Bear aggressiveness Is
lacking, otherwise lower prices would prob
ably l>e ip order. . *
The western forecast Is for generally fair
tonight nnd tomorrow for Louisiana. For
the Imlanee, partly cloudy weather, with
probable showers and cooler weather tonight
and Friday. “
to Ware A Leland.
opened
_ . 6 down
les 6,000 spots; 10 down at
6.84. ‘ Futures due to come about un-
C Weld,.* who had long considerable cot
ton, sold out large blocks yesterday. We
still think market will go lower, and. ad
vise sales. Do not look for- much of a
rally.
Mar...
Every one —
colly no buying power- New Orleans and
Liverpool heavy sellers here. Market Is
certainly not. strong, and think it bound
*>r lower prices. Advise sales.
New Orleans, Aug. 23.—Cables are sen
sationally bearish. They were duo ftlmut
• * 1 *h. At 12:15 p. m.. they
Official reports call the
spot business small on a decline of 10
points for.’American middling.
The weather map Indicates very llttlfi
rain over the cotton belt. Temperatures
nre rather high.
THE WEATHER
Heaviest Transactions in
Harriman Stocks and
Steel Common.
SELLING WAS HEAVY.
Strong -Inside Interests Ab
sorbed the Offerings.
v London a Buyer.
LOCAL FORECAST.
WEATHER IN COTTON BELT.
clear
and w
LIVERPOOL COTTON MARKET.
Dihldllne upland,. S.Md; snle. 6.000; Aruerl-
m 4,600; speculation and export 500 r re-
•ljits 7,000; American 6,700.
Range. Close. Glow
,“5.12*6.08 6.04*6.06 6.14
. .5.06-5.02 4.90-6.00 6.08
, . .5.00-4.96 4.93
. .4.M-4.94 4.91
...4.96-4.94 4.91
... .4.99-6.00 4.62
, ..6.00-.496 4.98-
’ / .6.02-5.00 4M-4.97 L06-8.08
. ..6.03
August. . . .
AuKimt-Hept. .
Sept,-Oct. . .
Ort.-Nov. . ..
Nov.-Dec. . .
I tec.-4nu. . ,
Jnn.-Evb. . ,
Fill -March. .
Marth-Aprll. .
▲tirll-Mny. . *
Closed easy.
4.905.00
4.99*6.00
5.00-6.01
6.02
5.04
4.96-4.97 6.07
TODAY’S PORT RECEIPTS.
n* f"\l°wl»f .«bl. .S°w. r«.lpt. tt tbs
INTERIOR MOVEMEN-
The following table shows reci;l|
Interior towns today, compared t
•ame day last year:
GIBERT & CLAYS
DAILY COTTON LETTER.
Nc* drlMiiiq Aug.' 2*.—The weakness
•r*W»ei| by options lu Liverpool was sur-
prislng. to say the least.. Very favorable
I n *«’S was tile Incentive for the heavy
•fllluir flint Instetl during the day, and
I "lug no Hupnorl. options cloned easy
; «tn l,..q ,,f from 8f?9 points, while spot
: nxtiMi-tiong were 5,000 bales 10 points low-
| " bespit,, tho eonsiderable loss record*
i r* m values nlirood, the market’s open-
!S Vl *ry quiet, tho trade evidently
iiir” a, .' a, ' k »y the swift developments In
wrnpool. .v> xerlous attempt at any,
tk * lunde to recover the decllue,
' m, y Improvement -noted emanating
"opport furnished by ’satisfied shorts.
,on * n * the weather remains fa-
ar »; there any hopes existing for
Uvlt. ' Improvement from the new low
*• '^tKbllshed, and yet there nre a
1theorize that the weather having
tii.nl UD '*ormly excellent, these eondl-
Hrihq? ,n » l , lnat Indefinitely, nnd that
•f mm ' * 2 h,mM ^ made |n anticipation
Oabr/tr nnfnv . ornhlp circumstance. Bnt the
ffatwitk Pn,,t .! ,l y e ,0 adhere to the belief
hrkihJ 1 ,». Par . h day ot average weather and
* }°ng-expected crop scare, “
;»•! S, rc
•> «ill l""l.
Texas—Houston nnd Tyler
warm. Dallas Partly cloud/ and warm.
Fort Worth partly cloudy and pleasant.
.Mississippi—Jackson and Natches clear
it ml warm. Yozoo City, Meridian and Hat
tiesburg clear and hot.
Alabama—Birmingham. Mobile, Montgom
ery and Opelika, dear and hot. Selma
dear and very hot.
Georgia—Atlanta deaf and warm, rain
last night Columbus dear and hot
WEATHER IN~WHEAT BELT.
Extreme Northwest—Generally cloudy; 46
to 53 above.
72 to 76 above; light scattered showers.
WEATHER FORECAST,
Georgia, East and West Florida—Local
rains Thursday nnd Frhlny.
Louisiana,’ Alabama, Mississippi and East
Tetns^Palr‘Thursday nnd Friday.
West Texas-Local ralna * Thursday and
Friday,
Wlscbnaln-Showera tonight; cooler In the
south portion Friday; partly cloudy and
showers.
8outh Minnesota—Cloudy tonight.
Iowa—Hhowers and cooler tonight; Friday
partly cloudy; showers and cooler la ea“
Missouri—Showers and cooler tonight;
day, showers with cooler In east
Kansas nnd Nebraska—8howera tonight;
cooler tomorrow.
Illinois nnd Indiana—8howera tool
cooler tomorrow.
WEATHER CONDITIONS.
The northwestern area of high barometer
has pushed southeast during the Inst 24
hours nnd now covers Moutnnn, Wyoming
— J North Dakota, central near Miles City,
The center.of. lowest pressure Is
over southwest Kansas. Over the eastern
half of tho map the pressure ocntlnues low
nnd flat. As a result of existing conditions,
the weather Is generally eloudy, with rain
fulling nt Iltirou, 8. D., Kansas City, Mo.,
Wilmington. N. C., nnd Hnvnnnah. On.
Hnlu has fallen over most of the country
•*nst of the Rocky Mountains In the last 24
hours. Tho following stations report one
Inch or more «f rain In the nnst 241 hours:
Kansas City 5.92, El Paso 2.44, Havnnnnh
1.38. Augusta 1.26, Eastman 3.16, Greenwood.
8. (*., 2.10.
The temperature has remained practically
stationary over most of the country.
The condition* favor unsettled weather
ami showers In-this section tonight and Fri
day. %
j. b. marbury;
Section Director.
L. J.
ANDERSON A CO.'S
DAILY COTTON LETTER
New York. Aug. 23.—Liverpool gave
everylwdy who ever thought of being a
bull a black eye this morning, losing 809
points during the day’s session. * This
weakness lu the foreign market sent prices
down 12019 points on the open I g In New
York. Those who had Isuight yesterday
In 1he hope of-getting a short rally, rush
ed In to sell, nnd prices ran off In #a
few minutes nliont 10 points further.
After the opening weakness, the market
rallied a few isdnts on short covering and
me very dull. Weather news from
lielt showed jio materinl change, and
crop estlmtaes* continue to range high.
Prices will probably continue nervous for
some little time to come until something
of n decisive uhsractec occurs one way or
the other as regards the growing crop.
THE DRY GOODS MARKET.
New York. Aug. 22.—A large Jobbing
trade was done today in dry goods In the
wlranry market, but there was a lull for
he moment III domestic’s. Knit good* sold
well for fall and spring delivery, although
most of the lending lines are already sold
for the spring of 1907.
GIBERT & CLAY
• ALABAMA ST.
STOCKS. BONDS,
COTTON. CRAIN.
COFFEE. PROVISIONS
ATLANTA, CIA.
By Private Leased Wire.
New York, Aug. 2a—This morning's i
ket moved under the conflicting Influe
f hardening monev on thH one
eneral feeling
Give posit lot.
strengthened by the reaction of yesterday
and the day beforp. In London prices for
the American list welw up before our open
ing Vk point to 1 point, and the local market
-inder this encouragement started off with
- rush; Great Northern preferred repeated
Its spectacular rise of yesterday, and lu
United States Steel the Initial sales were
made at a gain of a point from yesterday's
close. These two stocks were the features
of the opening trading. Elsewhere prices
advanced to ft point or so, fell back again
a like amount, and for the rest of the
morning fluctuated unevenly within ffac
tlonal limits. ,
Call money advanced to 6 per cent early
In tho day, nnd.took-all enthusiasm out of
speculation 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
*** ** shares, the
ben at any
time since the Union .Pacific dividend dec
laration a week ago.
The stock market opened at general
sharp advances. Union Pacific opened Hfcc
higher, St. Panl up 1 aud Amalgamated
Copper %e. Anaconda started 4 points
higher. Great Northern preferred 8 tiolntt,
Steel preferred and Norfolk and Western
preferred gained Me. Steel common gain
ed He and Northern Taclflc 3Hc.
The heaviest transactions thus far were
In the Harriman stocks and Steel common.
One gronF of brokers sold ftollr. * 100.000
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 Inside In
terests. There Is reason to believe that
most of the selling came from the lead
* “ *—* u»r partj
declines
Ing members of the prominent bear party
“ ' In forcing sharp declines
orders were
that was active In forcing shai
early in July, nnd that the oi .
given out In such a way as to conceal their
.... ..JT x -
real sources. Strong, Stnrgls & Co. were
the heaviest buyers of Steel, taking 25,000
shares.
Other stocks. Including the Hnrrtmsn
shares, were taken persistently on .scat
tered orders, but this scattered buying
was large enough not only to absorb the
hear/ —““ — — ***** **
Other bonds firm and active.
’ LONDON STOCK MARKET.
STOCK—
Anaconda.'. '.V 1 ..
Atchison
Cn nnd Ian Pacific.. .... .. ..
Chic., MU. and ,St. Paul....
Erie
Illinois .Central..*VI/...;
lAMilavllle sml Nashville.
Heading. . . .. .. .. ..
Pennsylvania... ... .. , *,
Southern Pacific.. „ •• .
Union Pacific
United States Steel.. .. .
do. preferred.< .... .
RANGE OF NEW YORK STOCK MARKET
American Sugar l—
Atlautic Coast Line..
Anaconda
American Locomotive.....
do, preferred.
American Smelting Refining.
. do, preferrod
Atchison
. do, preferred.*....
.American Cotton Oil..
Baltimore and Ohio-.....,
Brooklyn Rapid Transit.
Canadian Faciflc
Chicago and Northwestern.
Chesapeake and Ohio.,
Colorado Fuel and Iron
central Leather../...
do, preferredi.
Chicago sml Great Western
Chicago, Milwaukee and St. I'ntfi
Delaware and Hudson
Distiller's ' Securities........;
Erie
do. preferred »....
General Eleetric
Illinois Central
American Ice Securities.....*
Louisville and ’Nashville.;
Mexican Central
Missouri Pacific.............i
New York, Ontario and Western
National Lead.....
Northern Pacific....,
S’ew York Central:.
Norfolk*and Western.........
Pennsylvania «...
People's Gas
Pressed Steel Car ’
do, preferred
Pnclfle Mail ;
Readiug
Republic Steel............
Rock Island
v&wn&sii-b.-
«lo,
"•/"**
do, preferred
southern 1 ...
Southern Railway
do, preferre*
Sloss-Sheffleld..
Tennessee Coal and Iron ..
exas and Pacific
. nlon Pacific
United States Steel
do, preferred,
Vlrglnln-Cnrollna Chemical
do, preferred
Western Un|ou
Total stock sales today 1,354,406 shares.
NOTES ON GRAIN
Pointer, on Provision*.
RANGE OF THE COTTON MARKET
AT NEW YORK.
Aug. . .
Sept. , ,
Oct."...
Nov, . .
Dec. . .
Jan. . .
Feb. . .
March. ,
s.*r,
8.66 HP
8.82 8.85
8.65-67
8.69-71
8.85-86
9 13-16
9.17:19
8.76-86
8.87-89
9.06-06
8.91-93 9.11-13
■Hi 19.15-16
1*.
9..T6-32
Closed steady.
AT NEW ORLEANS.
Private Wire to Glbcrt & Clay.
i lea go. Aug. 23.—Cables lower, reflect-
„ our decllue yesterday. No Indications
of any* large export trade, but no doubt
a moderate business is being worked dnily.
Our advices Indicate nltoguther too much
rain In thh Cuundlan northwest. At this
level of prices, do uot see when* the bears
hnve any encouragement for offensive tnc
tics. •
Advices from Kansas City from the best
elevator Interests claim hot weather has
cut down corn prospect 20 per cent. Bears
Spring!
corn offered.’ .. ..
Provisions lower on liberal selling by
commission houses, especially September
ribs and Noveml>er lard. There Is some
good buying, hut offerings unusually free
“When the
jer revision,
I believe It will raise Its coru and oats
figures folly ns much as It did last year,"
toys W. II. Bnrtlett.
'•If wbnt they tell ino In Mlnnespolls
Is true, there is an immense crop of
wheat In the northwest,” said President
Walter Fitch. “The big grain in#u are
certainly preparing to handle a large crop.”
Returns from twenty-five threshings In
North Dakota, Including ten from tho Red
River valley, showed sn average yield for
tlm whole of 15 bushels per acre. All
of these reports were from districts that
hnve been claiming damage by heat.
First arrivals of now wheat at Minne
apolis Indicate a high quality. There were
ten cars new wheat In yesterday, of which
seven graded No. 1 northern, two graded
No. 1 hard nnd I rras durum. ' • 1
Hales of cash grain lu Chicago 210,000
wheat, 24,000 corn and 100,000 bats. *
Private Wire to Ware A Leland.
Chicago, Aug. 23.—While cable* do not
reflect this Russian news, there nre a num
ber of traders here who ore oil the anxloua
sent, and If auy developments In the way
of prohibition of Russian wheat, It would
cause a sharp rally.
The bull support In wheat Is hardly
strong enough for tho present load, and
it looks ns If the market would drag a
little lower. Wheat, corn qnd oats nfo
down to low levels, however, and should
be bought on all dips now.
rr * ’ *
now, uuc ooe -
much wheat.
Only strength to wheat Is buying by lo
cal snorts. It acts heavy. m
Oats opened n shade lower. Trade rath
er light. Bartlett, Frasier A Cnrrlngton
now selling n fe>v September nnd May;
buying scattered.
A larger run of hogs than expected.
lard nnd rum; also Kngiisn nonses. moi
crate buying by shorts. Trade otily fair.
Dec. . .
Jan. . .
Feb. . .
March. ,
9.34 35
8.98-09
*82
8.95
9.01-02
9.06 Of
9.12-13
9.65-63
9.16
9.10-11
9.12-13
9.18-19
9.18-19
9.21-23
9,28,29
PRICE CURRENT CROP REPORT.
says: “Week favorable for corn, with pre
vious promise maintained. Oats damaged In
shock by rains. Packing 406,000, ugnlust
375,000 last year.”
THE 8UGAR MARKET.
COTTON REGION BULLETIN.
_ or the 24 noun ends - - - "*
meridian time, August
THE* COFFEE MARKET.
New York, Ang.^23.—In response
steady European cables and n private cable
from Prados, Chaves A Co., saying that
tho weather In Brazil Is too dry, that there
nre no Indlciftlons .of the first, flowering,
nnd that the trees look exhausted, the
local markdt opened nt s partial advance
of 6 point*, hot there was no bull support
of consMuenoe. In the mnrketi Business
was moderately active, but largely in tho
way of switching from September to De
cember at. 26 points. Now that valorisa
tion has dropped back Into Its former stat-
us^as a■■ poKMlhle* rather than an noth’
cloud/.
Greenville, cloud/. .
Griffin, cloud/. . .
•Macon, cloudy. . .
••Montleello, -cloudy.
Newnan, cloudy. . .
Romo, clear. . . .
Hpnrtanburg, cloudy.
Tallniiooan, clear. .
Toecon. cloudy. . .
West Point, clear. .
'Minimum temperatures are for m tho 12
hour period ending at 8 a. m. this date.
••Received Into (wire trouble); not !n-
Iuded lu averages. * *
•RBAV1. R/
Greenwood, 8. C.. ..
Enstmon, da.. .
Charleston. . . .
Galveston. . . .
Little Rock. . . .
Memphis
Mobile
Montgomery. . . .
New Orleans. . .
Oklahoma
Savannah
Vicksburg. . . . .
Wilmington. . .
Dlst. Averages.
iii
Si
T Indicates IjugjjijetaM*^ rainfall.
Thir maximum temperatures * continue
high, the average for the New Orleans dis
trict l»eing 98. Little or no'min'fell In the
Memphis. Mobile, New Orttnii* aud Okla
homa districts. Heavy ralfes occurred at
*■ c - "vewiAW.
Section Director.
lid ... ■ _ PrlrMo Wire* to *11 Exchum. _ ,,
C * 1 * n <! l-on fl DUUns* Ttlephone 52S8. W. n. FAGAN, Manon.r.
WARE & LELAND’S
DAILY COTTON LETTER
New York, Aug. 23.—The effort to boost
.je market made yesterday and the day
before ended In a decided fiasco when Liv
erpool simply broke away this morning, sell
ing some 16 American iMiluts l*elow the low
est figures .quoted on the other side, on “the
previous decline. The (damp abroad was
undoubtedly due to the wiling by two or
three local operators who tonight large
quantities of cotton here in the effort to ad
vance the market* these sales being coupled
with - selling from the Mouth. The simple
fact of the matter 4s. mi enormous crap
si-ams to ih* assured, and it Is now n ques-
tfoil of flndiug n market for the cotton.
Around these ndvaipvs the pressure will
Increase with the Weight of the bales, and
ns Sc returns an ample profit on priNlnetion
the Mouth can be expected to keep on selliug
until aiilecldeil change In crop prospects
takes pin re. Armmd >- buying by spinners 1
Is a feature and this tends to sitstnIn the •
market.
Gradually this sup|N>rt will be weakeae«l.'|
ns the cotton I* th^ri* for sale, end ns th" I
Mouth eontlmies t«» sell, prices wlH ibmm* ■
tioiiflldy «virk downward. White wn* would !
uot Ihhihiif aarrensively liiHtrlrii vm 2d m l
.")-|H>lut bn*sks Ik*1ow 9r, It hsttg very much
as thoiirth tle» downward tuor*»n»ent fwd n*»»
vnt run Its eiMirsc. sml tli** cotton s-dd in
bulges oil) return prod’s.
Influence, roars of depression through tho
evening up of the Meptcmbor. option is
again l»ccomlng n factor. It should bo re
membered/ however^ that the switching
from September was heavy before tho re-
ceut advance In price* and that during the
upward movement a* good deal of kwltrh.
Ing nnd outright liquidation was accom
plished. so that the September. loug Inter
est may not be heavy enough to .do sn/i
damage.’ Meanwhile, however, tho primary
news seems to be nlRcournglug tho receut
buyers.—Ware A Ldand. ;
Following was the. opening rang nnd
close of the New York coffee market for
today:
• Opening-
Range. Close.
6.96-7.00
January.. .
February..
March
April
May
June
idly
August....
-jnge.
.,.7.06-7.15
.. ..7.10-7.15
7.20
7.25-7.30
.. . .7.30-7.35
7.35-7.45
7.40-7.45
Heptenitwr 6.75-6.80
November
December.. .. ,,
Closed steady.
80-4190
..6.90-7.00
..7.00-7.06
7.00-7.10
7.10-7.18
7.15-7.20
7.25-7.80
6.65-6.70
6.65-6.70
6.70-6.75
TIPS FLASHED
From Wall Street
Private Wire to Glbert A Clay.
New York,. Aug. £.'.-niuaunil, Spa
der A Co.: "Wflto this tnornln* s
reviews of the market polut unmlptaka-
dy L to heavy selling nnd realising earlier
a the week by larger speculative accounts,
t Is not yef quite clear why so serious a
loss In selling, unless the enormous pur
chases of Friday, Saturday nnd Monday
came from a short Interest not usually
reflected on the floor of ths stock exchange.
We rather confidently expect the market to
show a better tone today, sad believe
Copper, Steel common and the nctlvo list
will sjiow the effect of goqd ■upnort.”
F7xiH»ct better market, with Copper and
Steels lenders.
We 'look 1 tor a better market the rest
of the week.
TJ^aJ^Jto^bcst^AugusM^tto^hlsrorv^
COTTON SEED OIL MARKET.
New York, Aug. 23.—The market for cqt-
ton seed oil was strong sod easily bid up
with rather moderate buying, prices being
2Hc up on near •months nnd 2c up on
October from the recent low point. Bid
ding was active, and there was very little
oil to bo had on tho advance. The recent
decllno In prices was very largely, It was
stated, due to the -liquidation of long oil.
With that, oil off the market, the prlco Im
mediately began to Improve, and neariy
half of tho loss has lieen recovered. Of
ferings from the South ore rather liberal
for distant fiollvery, but tho position of
the future market has recently lieen so un
settled that very little actual business has
developed In crude. The market at the
close was firm, with prices unchanged to
•Hie higher.—Ware A .Leland,
-•»' ’ A*w*.
August,-*- ...... r
September. .......
October.
November
December. ........
Jaunnry *
Closed steady.
Opening. Closing.
of the Iron trade.
Hteel common and 8L Panl look fins; good
buying In both.
Very bullish Information on Htsel com
mon. Excellent buying of It. Chesapeake
ami Ohio looks all right.
SOUTHERN EXCHANGE
OldMt Established Office South.
COTTON STOMS—- BONDS—GRAIN
Ground Floor Oould Building. Dally
market letter and market manual
malted on application.
New York, Aug. 23.—Local, refined and
raw, sugar unchanged. London beet mar
ket steady; August 9s 3%d; September
9s 3d.
CHICAGO CAR LOT8.
Wheat.,
Corn.. .,
Oata.. ..
Hogs.. ..
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Corn—Opened Me lower; at 1:30 p. ra., un
changed to Me lower; closed *4®%c lower.
WHEAT OPENED
SLIGHTLY LOWER
Pit Professionals Were the
Best Sellers in Early;
Trading.
BUYING SCATTERED
Continued Rains in the
Northwest Not Having
Mueh Effect Here.
By Private Leased Wire.
Chicago, Aug. 23.—Grain prices hsld up
well, aud this, too, on heavy selling of
wheat by Patten nnd Rycroft, two of the
heaviest nnd most successful local trad-
They sold t on the hard spots, sup
posedly on a cable dentat of the Russian
government's Intention of prohibiting ths
exports of corn and wheat. Mnnhelra, Ger
many, quoted wheat 1 mark. lower on free
Russian offerings. The fact that Minne
apolis held up well on September wheat
was a help bore, as It prevented any raids
on the market. Prices closed %{M&c higher.
Clearing weather reported In the north
west. Corn closed UCV^c higher. Oats
were HCttc up to He off. Provisions about
steady.
Primary wheat receipts 566,000 bushels:
shipments 383,000; corn receipts 312,000
bushels. ;
Shipments 375,000 bushels. Kansas City
„. i ’Mies h* ...
•Is wheat. 125,000 bushels corn and 75,000
bushels oats.
At tho seaboard, 3 loads wheat, 60,000
bushels oats, but no corn.
CHICAGO GRAIN MARKET.
Open. High.
WHEAT-
_« n\ M m 7»
8g 88 SH S3* IF*
Ms,.... 4«fi
8*
33H
PORK-
Bept.. 17.00
Jan... 13.40
LARD-
Sept.. 8.66
Oct... 8.62H
Jan... 7.80
SIDES—
Rept.. 3.86
Oct.... 8.6tM
Jan.... 7.15
CASH WHEAT-
No. 2 red 71HT“
No. 2 bnrd wlnti
071.
\IT
7.82H
8.85
8.65
7.22H
IIP
8.66 8.S7H * 8.60
8.62H .8.65 8.67H
7.80 7.82H 7.82V!
8.77H 8.86 8.96
8.67H 8.62V6 8.90
7.15 7.22H 7.30
PRIMARY MOVEMENT.
movement of whMt
Wheat—Receipts today 666,000' bushels,
sgnlnst 453.000 bushels Inst year; shipments
today 383,009 bushels, against 397,000 bushels
last year.
Corn—Receipts todny 412,000 bushels,
against 447,000 bushels last year; ship
ments today 375,000 bushels, against 580,-
000 bushels last year.
<T
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, Preaidant. A. E. THORNTON, Vles-Presldsnt.
H. T. INMAN, Vlea-Prssldsnt. GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Ass’t Csshler.
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
REFERENCE, THE NEAL BANK
PHONE f AVT. PRUDENTIAL BLOG
Frank Hawkins, President.
H. M. Atkinson, V. P. Tunmnn C. Erwin, Asst. Cashier.
Tns.nh A \l.lVnf C.** — * Z * —
Joseph A. McCord, CsiMer.
R. W. Dyers, Asst. Cashier.
Third National Bank
Capital .
Surplus .
. . $200,000.00.
. . $300,000.00.
II. Y. McCord.
HUBBARD BROS & CO -> MERCHANTS
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 4.M, I-ong Distance 39. A. S. Hustar-. Mgr.
wm:i
3i % Compound Interest
la tha rata your money will draw if deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST! CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You aro Invited to call and Inspect our quarters and investigate
our facilities to serve you* A hearty welcome awaits you at thla
bank.
A8A G. CANDLER. President.
W. H. PATTER80N, Viee-Pre*. A. P. COLES. Cashier.
JOHN 8. OWENS, Vlee-Pres. WM. D. OWENS, Aset. Cashier.
corroNVGRAH?, ?rovisi5?FsStocks?bonds,
• • *'* ttiniit., M.nWlS.,, ANmIj, da.
. Him US:
•nr »«•* ;«i fritMjt. Cline Inrt sf Trrti
Nt (ritiit tallot luAmt. CkUito Stack fidiuft.
. »/»:•«.' 4lJjr/di/d*. New Yark Ctllee fxtkaaga.
' m i»» ivirr» la Ntw Yark, New Orient, Cbleaga. B. C. COTHKAN. Uaataer.
barrio. Staalar'iPkaaalX.
WM. L. PEBIj. President
ROBT. V. MADDOX. Vlw-Pres.
TH08. J. PF.KPLES. Cashier.
JA8. O. LESTER. Aas't Ca
MADD0X-RUGKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS $500,000.00
ACCOUNTS INVITED
We invite nccounts of individuals, corporations, bunk-
and bankers and offer tho best terms consistent with
• conservative banking.
In our Saving. Department wo allow Interest at tho Rate of J 1-- per
cent. Compounded Semi-Annually