The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 23, 1906, Image 13

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. 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