Below is the OCR text representation for this newspapers page.

/ THE ATLANTA GEORGIAN. ■M 11 EDITED BY JOSEPH B. LIVELY CTHE GEORGIAN’S RECORD OF MARKETS AND FINANCE^, Up. Lirelr'i 25 years’ experience )( editing market* In Atlanta and the South hna made him a rec ognized authority In hi* specialty. NEWS AND GOSSIP Ot the Fleecy Staple. MIN HE Initial Prices Were 3 Points Higher to 2 Points Lower. BULLS GAVE SUPPORT Brought a Quick Response, Prices Scoring a Smart Advance Earl)'. New York, Aug. 24.—In the cotton market th*‘ undertone waa ■toady at 3 points lower to 2 higher. The pit element seemed to be fairly well eVeued up, und a little hull sup port brought a quick response, pt&es ad vancing 4 to 5 points over yesterday’s close. Liverpool was due to couie unchnnger this morning, hut instead first prices were 1 to points down on futures, while spot quota tions showed a loss of 5 points, making mid dling 5.20*1. The futures at close were 4 points. New York was Iregulnr at the opening, first prices being 3 points lower to 2 points higher, hut on some unfavorable crop re port* and light hull #upi>ort prices toon started upward—December, after selling at fc.ur>, sold up to 9.1C. . The advance brought out profit-taking sales on which a slump of a few poluts t»mk place, Mitchell mid Dick Bros. offering .the market down, Hales of the lattet ffere thought to. be for Price. At mid-day the market was dull with Hint nations covering a narrow range. Superintendent King’s In-sight figures for the week 75.324, against 91.774 last year. For the season to date 11,073,239, against 13,684.* iV.i last year. ' _ , . Receipts of new cotton today at Galveston fi.750, X«*w Orleans IS. Augusta 46, Houston 6.682 and Hnvamwrti 30. Houston expects 6.000 to 7,000 bales against 6.418 actual lost year. . _ . Weekly interior movement for twenty- ‘ Receipts 43,424. against 48.639 last year and 27.170 In 1904. Shipments 49.600, against 47.- Prlvate Wire to Ware & -Leland. New York, Aug. 24.—Liverpool opened quiet and uuchauged. At 12:15 -p. ui., 1 uowu and quiet hut steady. Sales 4,000. Sinjts 5 points down at 6.29. Futures due UiKint unchanged, Liverpool wires: “Market affected unfa vorably by bear* selling. Market exhibits \ery little buying power." ‘Action of cotton market this raoriiltig In dicates a considerable short Interest, some of whom feel nervous. That has caused 1/oylng and shows hut little cottou for sale. 1 luuk we may have some further rally. hut without strong news we think It will he only temporary. Cottou market very steady. Local Inter ests have bought and shorts Inclined to even up for cud of the week. Trade mod erate, hut with a fair share of outside bual* hess. Looks as though It would work up u little higher for the present. Shorts covered and crowd Is disposed to even up over Saturday, otherwise r eJal feature to the market. This may work It up some, hut would bulges for the proseut. Ill III OW*. rwiimu-iiu* last year mid 26.101 In 1904. Block*> U*** 245. against 125.740 Inst year and 52,706 in SPOT com ON MARKET. Atlanta, quiet at Wef- New York, quiet at 9.90c. New Orleans, quiet at 9 7-16<\ Liverpool, quiet at 5.29d. Augusta, steady at 9fa. Savannah, qnlet at 9 1 1M\ St. Louis, quiet ftt %. I tost on, quiet at 9.90c. Memphis, quiet at 9fcc. Ithltlmore, nominal at 9%c. Charleston, qnlet at 9*4c. Mobile, dull at 9*4c. LIVERPOOL COTTON MARKET. Liverpool, Aug. 24, 12:15 p. n*.~Cotf<>». •pot quiet, with price* easier; middling uplands 5.29*1; sales 4,000; American 3.400; speculation ami export 600; receipts 1,000, American 500. Futures opened tfulet and steady. Opening 1'ievlous Itnnge. tllnw. Close AllI „„t 5.05-5.02 5.09 B.OJ-5.06 Auffuet-Sept. . . ^ 5 I S"' 00 Sen* .Hrt 4.93-4.92 4.97 4.93 ...4,»l-4.«0 4.05 4.91 ..4.92-4.® 4.95 4.»t •IMS 1 '.'iiSwi* L0M.01 A.KA.V! . ,4.99-4.05 5.02 4.0S (let.-Nov. . . Snr.-llec. .. lu-c.-Jan Jim.-Fob— . lYli.Mnrell. . Mnrrh-Aprll. . Aprll-Moj. . . CloMd 5rul. TODAY'S PORT RECEIPT8. Tbo followlnis talile abow, receipt, at the poria today, compared with tb, aamo day but year: INTERIOR MOVEMENT. Tb. following tehle ahowa recelpte «t th, lot.rlor town, today, compared with to, NM day laat year: Houston. . . . . Augusta Memphis. .... WARE & LELAND’S DAILY COTTON LETTER disappointing, hut our openlni temly at a slight advance, which was i"l'l»il to during the morning until prices were the best part of 15 iHilnts higher thau tie- level of yesterday’s dosing. Shorts con trl hut ml fully ns many buying orders us did the hulls. The advance seem- **d tn have l>eon brought about by the ef fort* of a clique of Texas operator* who have iioctt short, but who, rumor had It. t«»ok no optHwite stand on the market anil thi n i-ommencett to flood ft with reports of damage In Texas by weevil and worms. On Hi- opening and for some time after they £'‘ r “ supposed to have been heavy buyer*. Their purchases put shorts oil the run and s “ve the market a strong undertone. The ii.nion 1* now very uncertain. August Is »* the gamblers’ month. Just Im»- cmiw. |j„. niost niilooked for developments l>e hutched in any twenty-four hour* !' r it. l-arge en»p* have Iteen made over m’o famine yields In August, and conserva- V' •* operators have come to look upon n position on the market in August *" 1 dangerous thing. While the prospects now for a large crop, those prospects hnnge. The rains have censed and pperatnres are undoubtedly high: If they r * higher disaster may overtake the crop. •|y*i»rend Insect damage Is eomplnlmsl of ‘• vas, nnd It l* hardly probable »l*»t t-n, White river, Arkansas river, south Arkan sas and the Helena districts arc generally very good, particularly for the upland*. We hear of u few complaints about shedding and sharpshooters lu the bottom lnnds, hut nothing at all of a serious character, and could only be expected with so much mois ture In the ground. The plant Is now lu the critical |>eriod, hut the couaeumi* of opinlou from our best-informed people over our entire territory Is that with only nor mal conditions during September a good- sized crop I* at this writing practically as sured. New Orleaus, Aug. 24.—Cables are unfa vorable. They were due about unchanged on both American markets. The map shows a moderate amount of rnlu well scattered over the cotton licit. Net stock of cottou In New Orleans 11,990, against 62,039 last year; on shipboard 8,198, against 28,693 last year. J'nr]*, Tex,, wires: “The crop In this sec tion has been damaged 15 per cent In the last two weeks by weevils and Worms.” It Is lierslstcntly rumored that big shorts are covering and going long. Woco wires: “Weather perfect: farmers seem frautic to sell; receipts will be ex ceedingly heavy.” Private Wire to Glbert & Clay. New Y’ork, Aug. 24.—Liverpool opened 1 to 2 down; expected to lie uuchauged. Liverpool cables: “Affected unfavorably by bear selling. Market exhibits very little buying power.” Dick Bros. & Co. sny: “Cotton Is too low to permit the shorts to be comfortable ‘The sen timent of the local trade and floor crowd, while bearish. Is now decidedly In favor of * ‘ Ices. There Is no disposition to the .uncertainty of the next few Weeks staring the trader In the face.” The New York Commercial says: “A large number of bullish messages from thu belt expected today. The next monthly government report is expected by many to show smallest August deterioration ever known.” The Journal of Commerce says: “The movement of goods from the jobbing houses i* large In .the aggregate nnd shipping de partments are t South. Prints for export sold moro free! yesterday, and the day previous quite large Hue was sold for South America and for the Hawaiian •Islands.’’ . • New Orleans, Aug. 24.—Liverpool 2 down Is again lower thau expected, unchanged was due. Man shews light scattered rains cast of the Mississippi river, with cloudy weather on Atlantic coast and clear In gulf states. Heavy rains have fallen in Oklahoma nnd Arkansas, but Texas Is dry nnd cloudy. Market is very qnlet, with few shorts covering, causing a slight improvement in prices. Nervous shorts are getting out, os market has ruled very steady all mprnlng nnd bns f dveu evidences that an Improvement W«» minlnenf. _ ., _ The Texas short Interest has Peen chiefly responsible for the present advance. Now that the covering Is practically over, they arc beginning to send In less favorable crop advices In order to create a better selling basis. COTTON REGION BULLETIN. For the 24 noun ending at 3 a. m., 75th meridian time, August 24. 1906. *0/ FOLLOWED LEAD SET BT L Initial Prices on Stock Ex change Showed Decided Strength. RANGE OF NEW YORK STOCK MARKET Amn Ignmated £onnci American Sugar lfetl Sugar Refining Atlantic Coast Line Anaconda American Locomotive do, preferred. American HuielHug Refining do, preferred SHARP GAINS SCORED Large Part of Buying in General List Apparently Shorts Covering. Ily Private Leased Wire. New Y’ork, Aug. 24.—This morning's fresh outbreak of speculation In the face of the honvy Indicated drain upon the bank po sition may not have been convincing to the more cautious element on the stock ex change, but with the rank and file , who had grown restless under the dlseusidon of the many difficulties mid their restrain ing Influences, the new start upward was which -could have mode fhe market more attractive to the outside buyer. But the speculative position had been Improved by the extensive realising of the preceding dnyg. The lendtpg spirits In the trading had aeeuted some of their paper profits and fortified for further endeavor. It was considered that the market had taken the enorinoii8 load of realising sales with re markable MinnII ■ concession In prices, nnd that It had thereby testified to great breadth and underlying strength. Whether or not these deuctlons were .corrects made, they were what shaped profession al sentiment this morning, nnd when the up-bidding of the lending stocks was re sumed it brought a prompt response. stock exchnuge showed decided strength with gains ranging from YJHfl per cent, distributed throughout the list. The fea ture of the early trading was Steel com mon, which advanced fa. Amalgamated Copper nnd Anacoudn resumed their tin- list, the strongest features were Atchison. Louisville ami N’nsbrJIIe anil the Hill stocks. The former two made first gnlns of 1 point or more, wb|le Northern Pa cific rose l%e nnd Great Northern opened 2 points up. Other notable gains were % ill lteudlug, % In St. Paul, -Union Pacific and Southern Pacific, 74 In Canadian Pa cific and H In Wabash preferred. The stock market developed general strength following the opening gains nnd R rices of leading Issues moved up sharply t the first hour. Atchison was most prom inent lu the railroad list, advancing 2*4 points. O. 11. McDonald bought Atchison on a large scale. Anaconda madu n net K sln of 416 poluts. A large part of the uylng In the general list wag apparently covering of shorts. London bought 50.000 shares, rhlefly Southern Pacific, Erie, Copper and Steel. Governments unchanged. Other bonds firm. LONDON STOCK MARKET. STATIONS OF ATLANTA DISTRICT. •Atlanta, clear. . . •Chattanooga, clear. Columbus, clear. . . Gainesville, clear. , Greenville, cloudy. . Griffin, clear. . . . •Macon, cloudy. . . . Moutlcello, clear. . . West Point, dear. Atchison do, preferred American Cotton Oil Baltimore and Ohio Brooklyn Rapid Transit Canadian Pacific Chicago and Northwestern Chesapeake and Ohio Colorado Fuel and Iron Central Leather .. do, preferred * Chicago and Grent Western : Chicago, Milwaukee and St. Paul Delaware and Hudson Distiller’s Securities do, prefermV. General Electric Illinois Central American ice Securities Louisville and Nashville Mexican Central Missouri Pacific ; New York, Ontario nnd Westcrr National Lend Northern Pacific New York Central Norfolk nnd YVestern Pennsylvania People’s Gas Pressed Steel Car do, preferred....... Pacific Mall J... Reading Republic Steel Rock Island do, preferred United States Rubber do, preferred Southern Pacific Southern Hallway do. preferred.. Sloss-Sheffleld Tennessee Coal nnd Iron Texas and Pacific Union Pacific United States Stect do. preferred Virginia-Carolina Chemical «lo, preferred YVestern Union .......... Wabash ...... ...\ do, preferred.... Wisconsin Central do, preferred Total stock sales today 1,434,400 shares. NOTES ON GRAIN Pointers on provisions. RANGE OF THE COTTON MARKET Private YVIre to Glbert & Clay. Chicago, Aug. 24.—Wheat cables- strong nnd weather northwewt wet. Further li quidations In SeptemlKW wheat I* not like ly to lie a weakening feature, a* elevator Interests appear willing to buy September ami sell Decern I M*r at the present difference of about 3e. Yflnncnpoll* wheat is le over our September, which will prevent any new pressure on our market. Believe wheat Is working Into stronger po*ttlon. Corn strong* In all position*. Best au thorities claim the Kansas crop 1* already cut down 15 per cent, and southern Nebras ka nn equal percentage. Oats must be close to bottom. Private Wire to YVare A* Leland, Chicago, Aug. 24.—Wheat seeing to be In n good scalping position at present. The market Is evenly balanced, umi renet * easily from nil breaks. Buy it In a servntlve way. Argentina visible supply In chief ports: Wheat 1.328.000, against 8.862.000 last year. Com. 3.486.000. against 4.889.000- Inst year. Oats opened steady. Bartlett. Frazier A Carrington atdllug few. September now easier on local selling nnd Inck of outside ““ port* „ - o not get very much eucourngen from the lK»nrs, who nro short. They make but little effort to cover. The Chicago Iuter-Ocenn: Sales of cash grain In Chicago were 150,000 bushels of wheat, 250,000 bushels of corn, ami 140,- 000 oats. Seaboard sales were 200.050 wheat nnd 150.000 oats. It Is Impossible to get nn.v kind of news about the northwestern wheat crop. There were report* of good yield* from the threshers; also, numerous claims of poor ones. Rains over part of the north west have delayed harvesting, nnd If con tinued are expected to * retard the move ment of the new crop. In the fncp of these variegated reports, YBneapolls re ceived 25 cars of wheat yesterday wiilch graded No. 1 nml No. 2 northern. The No. 2 northern sold at 8V6c over Septem ber and the No. 2 at 2c over. Kansas Citr millers and MI*sonrl millers **ere In the Kaunas City market yesterday with prices Ic higher; No. 2 67**70, mid No. 2 hard nt 68c. There were sales late Wednesday of 176,000 bushels. Ht. Louis cash wheat was fa higher nt 70©7lHc for No. 2 red. Despite the heavy marketing of winter wheat since July 1. Ht. Jboiii* ha* only received 5.250,- ooo bushels or 1,769,000 bushels leg* than •ast year. Chicago received 14.492,000, an Increase of «,937,000 bushels, and Kansas City 11.426,000, a decrease of 429,000 bush els. At primary points, receipts aggre gate 44.620.000 bushels, an Increase or 7,- 233.000 bushels over last year. AT NEW YORK. I |i U I Ari) AT NEW ORLEAN8. 8.69-721 8.65-67 8.78-80 8.69.71 8.91-92 8.85-86 9.01-02 8.91-931 9.07-08 8.98-99 9.15-16 9.08-091 9.18-20 9.13-15 9.25-26 9.17-19 Atchison Chic.. Mil. nnd 8t. Paul.... Erie do. preferred Illinois Central Louisville nnd Nashville. New York Central Pennsylvania Reading Southern Pacific Union Pacific United States Steel. . . . do, preferred TIPS FLASHED From Wall Street THE WEATHER. Minimum temperatures are for he 12- hour period ending at 8 a. ni. this date. HEAVY RAINFALLS. Dlst. Averages. central Ill s~k Hi Teinp’ture. KTATlO.N. Max. Mia. ill Gainesville, Fin.. . Tlioinnrvllle, Gn.. Oklahoma, Okla.. . ’haHeston. . . . Galveston.*. . . Little Hock. . . Memphis New Orleaus. . . . Oklahoma. . . . . Savannah Vicksburg Wilmington. . 10 7*) T Indicates rainfall. The temperature* were slightly lower than for the previous 24 hours In the eastern dis tricts am! remain high over the western portion of the Iwlt. Moderate rains have fallen In oil except the districts of Oalves- mm,I V..u- I Irl.irt »m IlMVV ton. Montgomery i lWHI ..nil New' Orleans. Heavy amounts are reported at points lu Georgia, Florida and Oklahoma. this sort of damage will decrease as tt»« season grows older. On top of this, w* are nearing the time of the equinoctial storms, which sometimes have much to do with the alii- <>f Hip prop. Thr itnillplt Hlm-rlilPIt of IIPIP itMrnn In A,«(!!.( WM MS.90# linln. in 1**. We roil nut hope to reneh thnt anoant till. renr. althreMh we will nndoobtMlj ej- peed the ne.t hlehent morement. wlileh wn« no.531 bill., in Amnwt. 1M2- Tile ere!t of HSK-97 wn. only *757,95i, nnd therefore n Inrite movement of new cotton lu Auynat prove, nothing. GI BERT A CLAY <• C. ALABAMA ST. STOCK*. BONDS. COTTON. CHAIN. COFFEE. PROVISION. ATLANTA. OA. .IEMBCRS f'* Tort .toe* Exehio*».|New Orlean. Cotton K York Cotton Exchange. Orleans Stock K: Bxcbange.l: Private Wtrea to all Exchange*. Local and Lena Oistonso Ttlsphons 5203m f York Stock Exchange IN>w Orleans Cotton Exebnnge.|AlUSifton - as ^ gaaSsr s&n": §s& ^«Ias5a t as5i*?35Ss. LOCAL FORECA8T. For Atlanta and Yiclnlty—Portly cloudy, with occasional showers toulght and Satur day. WEATHER IN COTTON BELT. Texas—Houston,’ Tyler, Dallas and Snn Antonio, clear nnd hot. Mlsslsslnid—Ilnttlcahurc, Meridian, New Albany, Aberdeen nnd Holly Springs, clqgr nnd hot; Tupelo, Jnckoou, Natchez and Ya zoo tity, clear and wartu. Alabama—Birmingham, Selma and Ope lika, clear and hot; Montgomery, clear and very hot; Yloblle, clear aud hot, some rain yesterday afternoon. Georgia—Columbus, clear and warm; Ma con and Amorim*, clear nnd pleasant, hard rain yesterday afternoon; Albany, partly cloudy and plenannt. mined Inst ulgbt; At lanta, partly cloudy nnd warm. WEATHER IN WHEAT BELT. Extreme Northwest—Partly cloudy. 40 to 68 nlHJve. * Northwest—Cloudy, 54 to 64 above; gen eral rains. Wegt nnd Southwest— Partly cloudy, 64 to 74 above; general rains in Knuons and Iowa, local rains In Missouri, Nebraska and Illi nois. Ohio Valley—Portly cloudy, 72 to 74 above. WEATHER FORECA8T. Ixiulslana, Alabama, Mississippi nud Knsl Texas—JfOcjiI rains Friday and Saturday; cooler In north portion Friday; cooler Sat' urdny; light to fresh south, shifting to southwest, winds. Georgia—Showers Friday nnd Satnrdav; cooler Saturday; light to fresh south winds. East and West Florida—Local rains Fri day und Saturday; fresh south winds. West Texas— Local ruins and cooler l-rl- day; Saturday fair. Arkansas--Showers aud cooler Friday; Saturday fair. YVIseoindn—Partly cloudy tonight and Sat urday; showers tonight In extreme north. Minnesota—Partly cloudy tonight and Sat urday: shower* tonight, northyf.st; warmer Saturday, west. Iowa—Partly cloudy tonight; showers, southeast; cooler In central nml southeast; Saturday partly cloudy. Missouri—Showers tonight, except fair In northeast; cooler In uortheaat; Saturday partly cloudy. WEATHER CONDITIONS. The weather t# cloudy In the southeast nnd along the east slope of the Rockies, while at most other points there I* Inf Tit tle cloudiness. Showers have occurred In the upper Mississippi vnller, In northern Texas. Arkansas. Mississippi, Georgia, the Carolina*. Florida and along the northern tier of states from New England west wo "I to the Dakotas. The following points “i Georgia report over nu Inch of mill In the last 21 hours: ThctnasvHle 2.10, Albauy 1.24, and Columbus 1.39 Inches. The urea of high pressure that was cen tered over Montana yesterday morning has moved eastward and Is now over the Oretl Lakes nnd New England. Its advance Its caused cooler weather lu that section. 0\*-r the rest of the country the pressure Is low and flat. The conditions favor partly cloudy westh- Private Wire to Glbert fir Clay. New Y’ork, Aug. 24.—Marshall, Spader it Co.: Most things point to a sustained market today, and the late trading yes terday gave promise of nn advance In the Copper shares, the Steel stock*, and, perhaps. Union Pacific. Lin nidation since Monday bns been heavy, though without Impairment to the market ■ tone, aud while the situation to souio extent depeuda on the action of the stocks named nlmve, there la In any event very little promise of a further decline. Expect advances In Steel common, Cop- t er. Anaconda and Union. Mtroug tnar- *t. Information continues bullish on Copper, which will meet offerings around 111. It Is supported around 108. Professionals are trying to break the St. Paul 190 support, but. If maintained, a R ood rally Is looked for; otherwise, a drop i due, according to our calculations. New Y’ork, Aug. 24.—The Now Y’ork Fi nancial Bureau Bays: The imllcy of ape- dally Improvement seems likely to con tinue. We ndvocate the observance of a neutral iiosltlon on the market, ns a whole, but wltn preference for the long side for turns when standard Issues are weak. YVo would follow specialties up conservatively. The public In the- market will Increase uis>n encouragement. The Inside element seems to us to still lie bullish, but desires stability with betterment, and will prob ably net conservatively. This all the more points to *i»eclalty Improvement, which Is not affected by high money. l>o not buy on bulges*. Government relief for the money market Is assured by the action of Keeretary Hhaw, who hns a big treasury surplus, nml can also refund the high In- teresMwnrlng bonds due next year. The I wink statement will probably be unfavora ble tomorrow, unless there Is unoxp“~* large (U-crease In loaus, which will — some further raids on stocks. The trouble In Cuba is regarded by flunnclers as per functory to far at financial affairs uori are concerned, for the United Htates gov ernment hna authority to Intervene when things tiecoine really serious. Y\» think the tendency of the market Is to seek grad unity a higher level, nnd reactions will bc but temporary, for no bear market la pos sible with the enormous fnrnlainentat of the crops and general bulsuesa prosper it/. Private Wire to YVnre A Leland. New York, Aug. 2L-Ijondon firm Wfa 5 well posted house says no difficulty Is anticipated In Iwrrowlng money at ren soluble rates. The big men have provid ed for funds well ahead, and. while ra- cessions may appear, there la every likeli hood that the bull campaign will continue, with the Ilarrlmou Pacifies active fen- Talk 1s bullish on Steels and Coppers tn well Informed quarters, l»naod largely on mngnlficent trade conditions ond dividend i P *WmiUI*Uke on Atchison, Norfolk, Ches apeake awl Ohio,! Car Equipments and low- priced rails whenever weakness develops. There Is a bull tip out this morning on Colorado Fuel. Kpectallst information Is to the effect that the stock la aapported around 67 very strongly. We think * try for a flyer might lw> nude If a small stop 'YJjHref.rrM dividend 1% per cent; Delaware owl Hudson ex-dividend l\ per cent; Gas ex-dividend I per cent. WsfNtsh, east of Toledo, Including Wheel ing nnd I*kc Erie, YYaliosh. Pittsburg Ter- muinl nud YVest Hide Belt, show n gain ot $1,290,099 In gross cartings, or nearly .26 per cent, notwithstanding heavy loss lu coal haul, owing to miners' strike April. May and June. It shows the unbounded prosperity lu the territory traverse*! by Its Dow-Jonea’ summary: American stocks lu Ixmdon strong *AQfa above parity. . _ Hlr YVHlIaii) Van JJorne says that Cana dian Pacific will build 2 mile* of road In Hill territory for one he builds In Can- Oct. . . Nov. . . Dec. . , Jnn. . . Feb. . . March. , 3S i 5 u; 9.34-38 9.08-10 9.02- 04 9.03- 06 06 9.10-il 9.14-17 8.21-22 9.34-35 8.98-09 « 8.93- 94 8.93- 95 8.95 9.01-02 9.06-07 9.12-13 that Europe doc* unt follow our lead, and Inis only taken a few load*. Report* from around Hpenccr, Ln.. sny bat oats are yielding 20^25 per cent less hnn laat year, nnd thnt the farmers nre tucking them. At Kenttniid, fnd., one nrmer secured 47 bushels per sere. C. E. Lewi*, of Minenpoli*. wires: “The nud harvest In full blast.' Gres us crop Is big COTTON FREELY nrtft. Hmno clntnnr. to aprtnit wheat in the northweat remirteil frmu heat nml Might. New reeonl tor atwh eichante rente established at $96,990. All tndlcntlona point to a bumper cot ton crop. American Locomotive Is now ord business, und the animal report forth coming will ahow large earnings. Herlous shortage In Russian wheat crop. Revolutionary movement in Culm cbi*ck- e*l. , Banks continue to loso cash to the In tcrlor. but treasury Ue;>oalts with out-of- town banks will help. Thirty-five roads for second week m An gust show gross Increase of .164-10 per cent. Twelve Industrials advanced .27 cent. Twenty active railroads advanced .33 per THE COFFEE MARKET, New York, Aug. 24.—The market opened steady, but nt a partial decline of 6 points, with liquidation of the near niontha con tinuing to In* the speculative feature*. This wn* mostly In the form of exchanges, however, nml bad little effect on the mar ket after the opening decline, which was a jmor showing on (he Europeitn.—Glbert was the opening rang New Y’ork coffee mark January February., .. ., March.. April..,,, ... May June July August Hepteinber.. ., Ortobcr Novenilier.. .. .. December Closed steady. Opening Range. 1 ..7.09 ....7.06-7.16 . ,,.7.10-7.15 ....7.26 . ..7.25-7.35 ..7.35 ,. . .6.69-6.80 . . .6.66 ... .6.79-6.75 .. ..6.75 6.85 . ..6.90 7.06-7.16 7.16-7.20 7.20-7.30 7.25-7.36 7.357.49 7.40-7.45 6.65- 6.70 6.66- 6.70 6.80-6.86 6.99-6.06 6.96-7,00 L. J. ANDERSON A CO/8 DAILY COTTON LETTER New Y’ork, Aug. 24.—There was better support offered to the cotton market today by short covering nml sonic buying for a rally on the less favorable weather rc- porta from the licit. Heavy precipitations were recorded In both the eastern nnd w*estern portions of the l»elt. The market has been In « state of equipoise for some still coming on. The bulk of the trade. however, still expect a Jarae yield, nnd do not look for anything letter than SOUTHERN JXCHANGE Oldest Established Office South. COnOH—STOCSS BONDS GRAIN Ground Floor Onuld Building. Dally market lettrr nnd market manunt mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 SCrCRCNCE, THE ncal bank PHbNC 1417. PRUDENTIAL BLOG where prices twin* to maul. It initiation aud large offerings of new lotion from the South. This was the slgual tor henry selling here for Imfii sides ot ’he account, and prices fell sharply, nnd 5®*®*. r ff* although nt one time a moderate rally oc curred, It Was followed by renewed heavy selling nnd depression, und the last prices were about the lowest of the day. Liver- |nn>( sold here end the Mouth continued to sell heavily, while the receipts of new cotton were lllieriil nnd the Houth was said to be offering new' cotton freely. Du the decline, shorts covered atul considera ble buying was also noticeable for account of local nnd Wolf street traders. Hpot In terests were buying, n gotsl spot demand W'as rr|H»rtr*d nt the Houth nnd Inerena- lug shedding nnd weevil damage were re ported from Texas. But, lu the main, the crop re|M>rta were as favorable as ever. New Orleans, Aiig. 34.—The Times Demo crat: “Ycsterdny’s cottou market was quite characteristic of current events. Con sequently. a few folk evidenced n deslrr to buy the stuff for the reason that ereu after a decline of 139 points and more, bear dope alone wins sympathy. In proof thereof, the fnlcnt traded on Liverpool's llloglrullv low opening, while some unac counted high teiufH*raliires over the cotton belt attracted little more than passing at tention. The routing of the long Interest held by onee-conftdent reactionist* proved a fruitful source of IhviHsIi profit, nnd left the staple short on friends and long cm enemies. Meanwhile, though many wise traders Iwlleve the speculative price lias sernped bottom for the time living, the fact WHEAT OPENED FRAC11| LOWER Selling During Morning Ses sion Was Mostly by the Pit Crowd. BUYING WAS GOOD Offerings Wore Easily Ab sorbed—Advices From Abroad Disappointing. By Private r.vareil Wire. f-hlrniro. An*. 24.—Ilrelgliiff ml,, were .till popular In tho whoat pit, lhi-.,e trnn.nr- tlona In-Iny mainly nmlnat tin- tile crop Northwrat. i-orn nmt onta won- alow. do*. UK prll-oa allowed wUoat H to V off. - -.rn !4 to *.<• lower, eata off % to V, ond pro- vi.lona up aharply. reeelpfa 477.000 Im.hel, nnd onre 421.000 iHinhela, axalnat 443,000 linahe^ nnd 479.000 ImalieJ* reapeetlvely a rear in Cloornlieoa for tbo day 210.599 hnabela ..f wheat. 10,400 hnabela corn und 2,000 himbel, oata. CHICAGO GRAIN MARKET. Cblrntfo nrnln niul prorliloua iiuotatlou, tor today follow: ... . Prevlom Open- High. J.ow. Close. Close, ?!« § m {a W» 7SH 73(5 I»cc May COIlN— Hept.... 48% I tee.... 4414 May..... 46 OATH— Hept.... 29% 31 I'OllK- Hept.. 17.05 17.07*4 Jon.... 13.42*4 13.43 LAUD— Hept.. 8.61 Get.... 8.65 8.60 Jan HIDES— Hept... 8.86 Oct.... 8.60 Jail 7.3i OAHII WHEAT— 9.00 . 8.65 “•2*4 47*4 M 9)*4 !:§T* 7.75 8.80 m 78>» 48> 46*» No 2 red 72fl72fc; So. 3 do 71f?T: ; x 0 . hnni winter 7Kf71*4; Si. 3 do 707171. PRIMARY^ MOVEMENT. The fallowing figures ahow ths primary incuts tislay 355.000 bushels, agnlust 009 Imshels last year. Corn—Receipts to«|iy 424,000 bushids, -gainst 479.000 bushels last rear; ship ment* today 000.003 bushels, ago'.oat i£, 000 bushels last year. ' LIVERPOOL GRAIN MARKET. Wheat—Opened *4e higher; at 1:33 p. m., *4c lilgber; closctl fa higher. r«rn—Opened unchangml: nt 1J0 p. m. t faffa higher; closed YtVfa hlglu-r. YVhent.. Corn.. . Data.. . Hogs., . CHICAGO CAR LOTS. Today. Tomorro m 170M 12X NORTHWEST CARS. The following figures give ths northwest enrs today, last week nml hat year: Last Last fodsf. YVeek. Minneapolis. Duluth. . . 70 172 tlmt snot cotton has swung down qnlte near tiie trading value of options may prove an unfortunate object lesson to the rings. Y’esterday’s decline of nearly a dollar a bole leaves the price only a very few point* Iwtter off than the mvioon'* ex treme low level.’’—Ware k Leland. GIBERT «L CLAY 8 DAILY COTTON LETTER. New Orleans, Aug. 2*.—In Liverpool tbs market showed a decidedly Improve*', under tone and good buying wn* re|»»rt«*d J.i un- tldpatlon of a reaction from yestertliiv’s de bate waa primarily due to short covering on COTTON 8EEO OIL MARKET. . .Vaur Vork. Attg. ?#.— 1 Tiie market for «'nt. ton see<1 oil waa qnlet nnd a little weaker during the early dealing*. This whs par- tlcularly so of the late deliveries, nnd there appeared to lie some disposition to sell tor the recent advance. Selling was Influenced by the weakness Jn cotton, nnd also by a report thnt 609 barrel* of new prime nil has already been *h!ppc<l i.> New Y’ork. and more would aeon folios. The market nt the close was general!v ‘*r lower, with the exception of Angaat, which advanced l*4c.—YY’nre A Lclnml. Onenlmr. Closing. August. IT,fat * no Hepteinlier. ....... tSUfK* OctolHf KH£3284 Noveuilier. . #1*1*4 :ti #i3n% December 29*4#t3n January 29*1089 29*4frw 35*4, and 609 November at 30. a more extensive scale, the Incentive for which la found In the receipt 4,f numerous advices from Texas, Indicating damage through the activity of lmll wen ll and worms, t'omplatnt* of serious Interferem-e with picking, through the frequency <»f rains were generally reported, nlthouscli full credence was not given those source* of Informstlou. as the belief prevailed that they were partly Intended to Improve mar ket prices In order to achieve a better ha- ■Is for Mdlllig. YVbitterer the intention may have been. It was effectual lu reducing to a minimum bearish activity, a ltd served tn create ren- sldernlde encouragement to ninnv who still adhere to ttie theory that n reaction t* du*. However. In the absence of any well-found ed crop scare. It doe* not seem likely that market Improvements will 1k CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLAR? Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. MONEY ON CALL. By Private l*unssl Wire. New York, Aug II.—Money on cull 1*606*4 per cent W. n* FAGAN, Mananer. r York, ’ Orw Orjttnj. CMJui ware: a leland COTTON, GRAIN, PROVISIONS, STOCKS, BONDS, ffs. 2 Wall SI., Piters Balldlag, Allaata, 0a. . . lUKBltS: Few York Catfoa ftckttge. Chicago Board ol Trade, (Gw Orleans Colton Cathaage. Chic too Stock Cachange. Liverpool Cot ton Association. Hen York Coffee tachang*. Frlaate Wires to Hen York, Hew Orleaas, Chicago. B. C. COJHiAH, Mange*, toll Fhooe 120.Slatdard Fboto 236, T1IOS. J. PEEPLES, Cashier. JAS. g. I.ESI’Ell, Ass't Caahlar. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNTS INVITED $200,000.00 $500,000.00 - _ CD Wc invite accounts of individuals, corporations, banks nnd bankers and offer the best terms consistent with conservative banking. In our Savinc* Dspartmint w. allow Interest at the Rate of 31-1 per cent. Compounded Semi-Annually.