The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 28, 1906, Image 11

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THE ATLANTA GEORGIAN. 11 * EDITED BY { ' * . ■■ —■ ■ m ■ ■ ■ ■ ■ ■ ■ ■ ■■ -■ i 2^ J j JOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ENGLISH CABLES IE BULLISH NEWS AND GOSSIP Of tho Fleecy Staple. Sharp Advances Shown in Both Spot and Fu tures. SALES WERE SMALL New York Market Nervous and Sold Sharply Low er After Opening. Br Prlvntp Leaned Wire: . Auff * ?-*“‘The local cotton mortet opened *tr»ndy f unchanged to 3 point* higher. The atenrilnoa* waa due to favorable nubile cable* and hulll*h prl- fate ndvlce* from abroad. After the call, ndvaneeil fnrthcr on the reporl Of the Southwest Cotton Association. which OotiHl a deterioration of | per cent In the Tra,,B — But for the Terr small rales this uiorn i ng, i ili , . v ‘ ,r r n ! . wiwld have I wen decidedly htilMah, tlrat prteea there tkin* aharply and Iwtter thau due on the ad- rnnee In the American market! yeater day. Hpot wna quoted 16 points up at 5.66 on anle* of only 3,000 balea, which Indicate! that the *plnuer doe* need cotton ut advancing price*. At the oiwnlng In Now York, trade wna of n nerrou* ehnraeter, and It wna evident at the start that the bullish crop advlcca front Texas wna discredited to a great extent., and that the Inijtrovement wna manipulated from this for the pur- the New York market did not fully respond to the better cablet, opening unchanged to 3.nolnta higher, and during the morning trading turned weak, with trice* r*-— 1 — ^— — -- all positions. Price was o as ne got all out advancing the price. It was without MMt g ^balca^n t New Or leap*, Houston 16.662, rive* ton 14,436, total receipts Mug new. Krilniutcd receipts: 1906. 19QG. Galveston 7,000 to 0.000 t.063 Houston.. .. M .. .. ...2,500 to 3,000 4,6& A dispatch from Cameron, Tex.. anya: "About 1.600 balea hare been received here this season, People are picking the crop rapidly; and. hands, while not In excess of dcmnmL are not hard to get. Moat ol I he cotton that has been brought f~ ma been marketed. The wen „ rather hot for cotgqi picking, but when II open* picking Iwglua.' In lip* afternoon, the benra raided the market and price* were forced down rap idly, the dose being 34 points lowet, as compart-d with yesterday. Private Wire to Ollwrt k Clay. New .York, Aug.. 28.-Llverp< to 8 up; wu* eipcetcd 6 to 7 New York market la quiet and without feature. Price brokers ngaln buying. Weld and l^itbam-AIexuuder are tellers, but not largely. ^Coiuuilsslou bouses doing very little either T&e Commercial any*: "Bulls nro adver 1 - Using they Will put October to 9.50." Liverpool cable*: "Market affected favor ably by short* covering; others buying, pcctlng further recovery. Market feeia iluciice of Price bulling." Hick Bro*. ,* Co. say: "The strength of Ihe market la attributed to a renewal of bullish talk by Mr. Price, who for the tint time la several weeks Issued some bullish crop dispatches. There was nothing In the liulletiu Issued by him of which tne con servative element of the trade did uot have knowledge." It Iordan Might 5,000 December at 9.32 and wants 5,000 more. We might bnve further advanee, but this rally Is a good opportunity to sell uioder- tefy. I-‘mm I traders buying. (iwnthmey and Norden lighting advance. Nordcn offering 10,000 .Mnrnh «» om Journal of Commerce .he week opened In a hen......... reorders came In by mall, but the bulk of the letters asked for prompt Shipments ou goods already under contract Hu; .. ^ r — — - ‘ verpool fully respond* to the els- *. W * ' SPOT COTTON MARKET. Atlanta, quiet at 9%c. Now York, qnlet et t.90r. New Orleans, easy at VHfi. I,lvcr|MMd, dull at 5.u5d. Augusta, steady nt 9%c. Kavatinnh. steady at 94e. * Chnrlcston. quiet nt 94c. Boston, quiet - v .. Galveston. steady at 9 7-16e. Wilmington. t nominal. Norfolk, quiet at t%c. Baltimore, nominal at 9%c. Mobile, quiet nt 9c. Clous. LIVERPOOL COTTON MARKET. Liveriwol, Aug. at 12:15 p. m.--Cotton, spot dull, with prices steady: middling uplands 5.660: sales tW; American 2,300: •peculation and export 300; receipts none. Futures opened^firm. jtesuw. : Nor.-l>ec.. .. lire.-Jan. . Jim.-Kcb. . . Kel»;March. . • March-April. 5.18 TESta GT . .5.17-5.18 6.H hi . .8.08-8.11 8.0641.08 8.08 .6.08 5.03-6.M 6.00 .8.00 640-6.01 6.00-8.01. (..6.08-8.00 6.01-6.06 6.01-6.03 . .6.00-6.10 6.06-6.00 6.03-5.03 . ,6.10-6.13 6.07-6.06 6.045.06 . .6.138.14 5.00 6.00-5,07' „ .6.14 6.104.11 6.06 TODAY’S PORT RECEIPTS. Th* followlo* tabia fhowt rrcalpta at th, pen, tmU,. coinparad with lb, mom d,j hot j«r: New Orleans. . Galveston. . . Mobile Savannah. . . Charleston. . . ffiff:'"::: Boston. . Han Fmndaeo. Fensncola. . . . Total. market la Arm, and ngents expect It to « for use this fall." As long na the coon wentner continues It will be hard for Price to advance the mar ket much, lie got his 10.000 bales very easily, and the market went dowu 5 points Immediately afterwards. Norden continues to hammer the markot. No demand. Mitchell offering 10,000 December nt 9.21 and selling January at 9.33. New Orleans, Auk.'*" * *• up more than fully ..... Atlantic advances. Was due 0 points higher. Bullish sentiment, assisted by the turn In crop reports, seems to l>e Increasing In that market. The eastern forecast Indicates fair weath er tonight and Wednesday for Alabama, Mississippi and west Florida. For the bal- ace showers tonight and tomorrow. The western forecast Indicates for Lotts!- nun fair mid cooler tonight and warmer to morrow. For Arkansas, fair and warmer today, partly cloudy, and the same for southeast Texas. For the balance, partly cloudy to Increasing cloudiness with warmer weather except scattered showers tonight mid Wednesday in southwest Texas. rlvate Wire to Ware k Leland. New York. Aug. 3*.—Liverpool futures opened steady, 6 up ou near, 7 up on late. At 12:15 li. m., (I to 9 up and steady. Hales 3.000 spots nt 5.63d, 16 up. Futures due to 6 t “ OPEN BEARISH They Claim That the Pres ent Reaction in Stocks Will Continue. OPENING WAS HIGHER There Were Realizing Sales All Around the Room After Opening. come 6 to 7 up. sects, bright prospects In ' larga ami well fruited la n* and Tennessee, say cot- •*— •- doing well. No In in Tennessee, plant some cases, in . . rains damaged some sections, but not seriously. Shedding general nml some rust; (tolls beginning to open, lint picking will not lie general till Heptemlter 10 or 1$. Usual scarcity of labor. Drouth seriously complained of In Missis- 'Were has I Mien some miscellaneous buy ing. Price has beau the biggest buyer nnd the crowd bfis been against him. Think It will ease off. Cotton that Schlll nnd llcnta have sold has ticcn wall taken; nnd Illordsn Is n good buyer. supplies. Allowing prices to ssg off seems to be part of tha> manipulation going on. The big operators who are trying to run things now arc evidently desirous of attracting fresh short sale* with the view of running shorts In Inter on. Koine little business has l>een done by exporters with Kuropo this morning. Market bnrely steady under what looks ..ke attempt* to take profits by those who Mleve It will put pn«*rs up. The weak short Interest appears eliminated. Under present conditions two courses jeem advisable: Purchases on breaks for small profits and sales on any good ad vances for a long pull. Manipulators ought to lie side to put prices up fot- a while, but In the end a good vrop ought to put them clown. New York, Aug. 29.—Further weak ness waa reported In the early foreign markets this morning, but the declines were of no grant Importance. Rus sian bonds fell another 1-2 point and the discount on the new loan rose cor respondingly, Other government se curities were down a trifle, and It be ing the first day of the settlement In American shares, there was some lieavy selling by foreign operators In this de- partment. Before our opening, how ever, the weakness In London had been checked by buying orders from this side, and recovery was assisted by the completion of the "carry-over" without the difficulties which it was feared would result from hard hit speculators for the decline. The support extend ed to the London market, was signifi cant of the whole plan of operations here. From the opening It waa appar ent that strong efforts were being made to renew the advance. At the first buying converged upon one or two stocks only, Canadian Pacific and Atch ison being the particular selections. But later, as the pressure of realising sales slackened, the rise extended to St. Poul, the Pacific, the Southwest ern shares, and some of the Indbstrlal giving the market a fairly broad ap pearance. The stock market opened with some do ehled ndvnnren In prices. Smelting sad St. I'nul start.Ml In U4<* higher: Northern Pnclfic up 1 He; Colorado Fuel nml Atchi son up lc nml Amalgamated Ho. Minor ndvance* Included In Reading, Pennsyl vania, Steal preferred and Krle. In con trast. Anaconda opened 3 points lower, se ne ted In nit 6 points, then rallied I, mak ing n net gain of 2 per cent over yoster- day's closing. There was selling pressure In tho market ngsln today, ami a good many of the large operators and room traders were o|M*nly * itenrlsb In their talk, and looked for continued reaction. There were realis ing sales nil around the room after the opening. The buying on the early reac tion waa of the lwst character, but the sources of the buying order* were con cealed by scattering the orders. Union Pacific was taken by Intereata directly rep resenting Standard Oil Interests. Canadian Pacific was made a * 3*4 points. Next most Important » strong featura and rose to Canadian Pacific, the [>rlce movement waa In RANGE OF NEW YORK STOCK MARKE Amnlgninnted Copper Atlantic Coast Line Americau Sugar Refining Anaconda - American Locomotive do. preferred American Smelting Refining do, preferred Atcbleou do. preferred.. «>niii66iur« OUd Ohio.. Brooklyn Rapid Transit.. Canadian Pacific Chicago and Northwestern Chesapeake and Ohio Colorado Fuel nnd Iron Central Leather do. preferred Chicago and Grant Western Chicago, Milwaukee and St. Pan! Delaware and Hudson * Distiller’s Securities.... do,* pre’ferredV.'.V..V.V.V.V.’.’.V..V. General Electric Illinois Centra' American Ice Securities Louisville and Nashville Mexican Central Missouri Pacific New York. Ontario sod Western National Lear, Nor them Pacific New York Central...., Norfolk and Western: Pennsylvania do, preferred Pacific Mall Rock Island do. preferred..... United States Rubber do, preferred.. Southern Pacific Southern Railway do, preferred Hloss-Hheffleld Tennessee Coal and Iron Texas nml Pacific Union Pnclfic United Htntea Steel do, preferred do, preferred Wisconsin Central do, preferred Total stock sales today 1,616,100 shares. RANGE OF THE COTTON MARKET AT NEW YORK. *u: M 19.24 9.S2 9JU A 73-75 8.83-19 8.96-18 9.06-07 9.15-16 9.30-21 9.26-27 fl 8.92-97 3.97-99 9.12-18 9.21-28 f .30-31 9.39-40 9.46-47 9.51-52 steady. AT NEW ORLEAN8. Aug. . . cWv. Nor. . . Dec. . . Jan. . . Fell. . . March. , »:« LONDON STOCK MARKET. COTTON REGION BULLETIN. mill Ht. P»ul.. Louisville nml Nashville 150 BTATI0N8 OF ATLANTA DISTRICT. 1117 W 5153 * Atlanta, foggy. . . . *Chsttanoogn, cloudy, iCoInmlms. cloudy. . . ••Gainesville, cloudy. Greenville, cloudy. . I Griffin, cloudy. . . , •Mnmn, cloudy. . . . Montlcello, cloudy. . •Minimum temperature* hour ttcrlod ending nt 8 a. m. this date. ••Received t«»o late (wire trouble); not In cluded In averages. HEAVY RAINFALLS. Gainesville, Gn Good water. Ala Jacksonville. Fla Pi INTERIOR MOVEMENT. Th. following mhlo »how« nwlpt, .1 th, tnt.rlor town toilur. comporrl with th, mid. d*7 Ult jtmi: WARE 4 LELAND’S DAILY COTTON LETTER Vow York. Aug. J8.-Klfort« to run In tho »h»rt Inli-ft-nl nn.l l.mot prW» w,r» not na raor»Mfnl llila morning n. gpatrr- itnr. During th. Into trading, rMtonlnr, Imikrra wrro a»nt Into (bo ring to lilil fho markot up. nml prior, mlrnnonl nipltl- Ir on atop-lnaa ordora. Tmlny Inlying or- tlora war. a.nt to Urorpool: thnt markot adranood aharply. lint a largj- -luantlty of mtlnn tnhon ahoro 9.,i for Dooomlior on- ooontoro.1 a., muoh rmlatano. to tho l.oylng moroniont that prlcoa allppo.1 off again vor> rapidly, and during tho midday trading iirlooa aold down an low aa thono nuotod yoatorday for moat optlona. Tho collapao of tho markot waa aomowhnt of a aur- nriao, aa tho markot oponod vory »t<mily and onomlora woro of tho opinion that another effort to ndvnm-e tho pmont lorol might i-arry priooa 1« polnla higher. Thor* waa too mnoh cotton for anlo, however, ami from 8.34 for Dooomhor. priooa ran haok to A14. a Urrak of 38 polnu la l«a than two honrn. Hliorta .-oroiyd on tho .h>- ollno, but thin notion will lw for aalo again CENTRAL STATION. Atlanta. . . . Augliata. . . rhnrlratnu. . . Ualvoatnn. . . Mttlo llm-k. . Memphtn. . . N.‘\V Orlenii Oklahoma. Savannah. Vlckalu Wilt.tin Temp'ture. Max. Mia. 90 88 86 S 71 « to 72 76 O) 61 . P* « 1 84 78 92 78 88 62 1 64 74 1 62 1 74 r REMARK8. The temperatures have fallen several de grees over most of the western districts during the past 24 hours. Little or no rain has fallen In the Galveston. New Orleans, Oklahoma nml Vicksburg districts. Heavy rains have occurred nt poluts In Alabama, Georgia and Florida on any advance, nnd It Is a question wheth er the market Is brnnil enough and will attract enough general business to advance much further. While some unsatisfactory crop accounts are at band, the crop, as a whole, seems to be doing remarkably well, ami Imllcstlona seen* to point to a record yield. GIBERT & CLAY •• m. ALABAMA 6T. STOCK,. BONDS. COTTON. OB,IN. COFFEE, PROVISIONS ATLANTA, OA, n- bsssibj oSuSari K ftSSSS ESSpX^ OrtS“ Smrt “ lT.S».|o«l.«..n C«tton Kxchauga, Private Wires toall Exchanges. cacaki in. .»^« u«,wn,, •■**- ■* -■ iuw r*i, «,*«-• Ltcal And Lona Distancs Ttlsphons 5298, W. R. FAGAN, h.ansflor. Uie rest of the country about atstkmsry Union Pacific.. United Htntea Hteel., do, preferred n THE WEATHxi LOCAL rORECAST. For Atlanta nnd Vicinity—Partly eloudy and prol«bly showers tonight and Wsdnea- ‘hiJ- WEATHER IN COTTON BELT. Texas—Dallas, Tyler and Tempi# clear and cool. Houston and Han Antonio clear ami cold. Mississippi—Aberdeen. Tnxielo, Amo IT, New Alhuny, Lexington. YaKoo City. Can ton, Jackson and Nntchex clear and cool. Mcridlnn, Newton ami Hattiesburg cloudy smt cool. AlalMiiui—Birmingham cloudy, vsry damp Slid cool. Helum clear and pleasant. Mont gomery cloudy nud . pleasant. Opelika eloudy and cool. Mobile partly cloudy and cool. Huntsville cloudy and cooL * threatening. nd hot Amcr- „„ _ Macon cloudy ami ci*d. Hava ninth partly cloudy; tern- isTiiturc 83. Albany eloudy; temperature 84; rain Inst night. Atlanta cloddy and pleasant. Louisiana—New Orleans cloudy and pleasant. mil COOI. I 1 IIII l RY III. riwuiJ Montgomery cloudy and threnteo Georgia—Uolninbus cloudy and I leus cloudy nod plcaoaiit. Mat partly qlg cloudy; WEATHER IN WHEAT BELT. WEATHER FORECA8T. western nuu muwfii iu nawru pvniDPi; Wednesday fair; light to fresh northwest winds. laoiilfftsna, Alabama, Western Florida and Knst Texas—Fair Tuesday and Wednesday; light variable winds. East Florida—Hhowers Tuesday; W rinds. Wednes- ty fair: light to fresh west winds. West Texas—laocsl showers Tuesday and Wednesday. Arkansas—Fair Tuesday and Wedaeaday. Illinois—Fair and warmer tonight; tomor row fair; warmer south. Indiana—Warmer tonight and Wednes- t\Vl*ronsln—Partly cloudy and warmer to night; shower* west Wednesday. Minnesota—Hhowers tonight and Wcdnes- Viwn—Showers tonight. Missouri-Fair and warmer tonight; to morrow fair except showers Is the north- -Fair and warmer tonight; to morrow fair. Nebraska—Fair and warmer west; show ’s east tonight; Wednesday fair. Dnkotas and Montana—Hhowers tonight or Wednesday. WEATHER CONOmONS. The area of high pressure tlmt was mov ing In from the northwest yesterday ha* ahnnnt mtlrrly dhmppearcfl and today the barometer Is hot little altove normal In the region of highest pressure. An area of low pressure hs* developed In the northwest nml Is now centered over the Dakota*. Its advance baa caused n general Increase In temperature througboat the northwest, over GOV’MT WEEKLY WEATHER REPORT. Alabama—The weather was hot snd sultry most of th* week. Tho temporntun* im aged soifiewhat above the normal, and the siinRhlnc was abundant. The rain* were mostly light nnd local In character, many districts receiving none, though the weekly rainfall was moderately heavy In a few lo calities. , .. Arkansas—The temperature was above the normal aud generally favorable; the night*, except the last two, being very warm; showers occurred In some section*, the pre cipitation l*lng above the normal every where except In some southern counties, the greater part of the state receiving too Local showers The tciui>crature averaged legrer* above the aortnal. l,oulalniia—Temperature waa abnormally ally the rdlnNM shine was aliore the normal. Mississippi—Tho mean temperature waa about 3 degrees above the normal. ItalnfalL w99 deficient In the aouthweatern and east] cm portions nnd was excessive Iu tho southfi ern portions of the Yatoo delta nml along tho gulf roast. Hunshlne general/ suffl- North Carolina—Generally was showery and warm. The rainfall was about the normal. Imt waa Itadly distrib uted. being especially heavy |n the central counties, iteport* of damage by excessive rains continue. The temperature averaged about 3 degrees above.tho norma). Oklahoma and Indian Territory—The weather was generally fair. The tempera ture averaged near the normal, but Hnuday and Monday were unseasonably cool. Hbow- era occurred from the 23d to 25th Inclusive. The rainfall was In excess of the normal over the greater part of the section. Houtb Carolina— Hhowers occurred almost generally In the central and eastern .coun* ties. They received the heaviest rainfall. iThe temperature was normal or "lightly above. The weather waa sultry and there was much eloudlueoa. Texas—Hhowers were r forepart of the week am close of the week, but there was consldera- temperature la the rule. rioudlne** prevails In the southeast, nlpng the Atlantic coast and In Montana and the Dakotas. Rain has fallen at nearly all stations east the Mississippi. The following stations reported one Inch or more of nun In the Inst 24 hours: Jacksonville 2.44, Havannnh 1.98, Albany 1.28, Gainesville 2.20, Goodwa- ter. Ala., 104, and Washington, D. C„ 1.32 Inches. . The mndltlotta favor partly cloudy weath er and probably showers tonight and to morrow, J. I\. MARBURY. Section Director. few central conntles and waa deficient elael where. The temperature averaged normal and slightly above, except in tne western counties, * where It waa rtsirtnt. A devldisl fall Iu temperature occurred In the north western. northern and central counties at the close of the week. . .■ Tennesoee—The week waa partly cloudl to eloudy with high temperature and locall shower*. The temperature averaged much above the normal, especially In the eastern portion. The rainfall generally waa light nnd conditions favorable as a rule.—Glbert k Clsy^ COTTON SEED OIL MARKET. New York, Aug. 23L—The market foi cotton seed oil was quiet but firm, th* nearby deliveries holding the recent ad vance established, and offerings, which were scarce, were readily tnken. There was n very little oil for sale, either Au glint or Heptcmber, nnd there was less lack of bringing new oil forward for Heptemlter delivery, although It Is understood that some new oil la now on the way. Distant deliveries are quiet and rather heavy. Tht market at the close was steady, with prleaa unchanged to He higher.—Ware k Leland. Opening. Closing. August. . September. October. . November. December. January 29 029% 29M Hale* 130 Octolter at 32H- Closed steady. SOUTHERN EXCHANGE Oldest Established Office South. COTTOK—STOCKS—BONOS—MAIN around Floor Oould Build Inc. Ditty murk*! letter and market manual mailed on application. L. J. ANDERSON & Bankers and Brokers, COTTON, STOCKS, 6BAIN Correspondent’s Capital $250,000 aercRCNcc. the ncal sank PHONE I4IT. PRUDENTIAL BLOC NOTES ON GRAIN Pointers on Provisions. Ylvate Wire to Glbert & Ulny. Chicago, Aug. 28.—Country acceptances of wheat very light, but some of the hmisetj wrt a Imt ter disposition to sell round lots — Nebraska wheat at only He above the prices that had Im*«u bid liefore. The Kccord-Ileruld says: "Export houses last night were cxprc**lng much dl*ap|N>lnt- ment t the failure of the foreign markets to buy whefct here ou n HIhthI scale. They had been predicting that If the wheat mar ket here alioubl hold atetidy for a time there would be a big Increase In the demand from abroad. Prices here gained a little laat week. Caldea last night were rather disap pointing and Indicated very little dcalre to liny except In a small way. J. A. Rankin la aronnd on the bull side of wheat. 'We MW oar liottom prices last week,' said he. The property is worth the money and It will gp" higher before It goes very much lit sales In Chicago were 139,000 busbeli wheat, 660,030 corn and 125.000 oats. Heaboard sales were 210,000. Private Wire to 'Ware k Leland. C'hlccgo, Aug. 28.—Hpot wheat Is begin ning to presa on the market. We wunld urge long* in Heptcmber wheat to transfer to December nt once liefore difference wld* lower for the i>oor grades. pts were 423 cars and there were l 1 over from Hatnrdny. reported the £ **» ns a. Id u _alea of nlwmt 26 loads reported, but same wna tuostlfl around among dealera on this side. Hi . -ceptlon nqutry from first hand* as slm Inst weel ■■■ were 6ns seaboard bouse''was figuring on a small lot of choice new No. 2 hard c, I. f. Buf falo. which was slant the only Inquiry'felt In this market for hard wheat on foreign account. Nsw corn la Iwlng offered In Oklahoma _jr Inst half of October shipment. A Kan sas City house wired that they could hnvo iHHight 50.000 bushels Hatnrdny nt a price about In linn with Galveston bids for last half of November loading. PRIMARY MOVEMENT. WHEAT OPENED OFF BN G00D_WEATHER There Was Little Pressure .To Sell at the Start of Session. PRICES HELD STEADY Grain Markets Broadened Out Later—Provisions Easier on Liquidation. The following figures show the primary movemeut of wheat nnd com: WbcBt—Receipt* today 429,000 bushels, against 607.000 l»u*hfla last MBrtjshipments today 349*003 bushels, agslnst 377,000 bush * last year. Corn—Elecelpta 639,000 buohela, against 845.000 bushels last year: shipments today 560.000 bushels, against 258,000 bushels Inst year. CHICAGO CAR LOTS. Today. Tomorrow. Wheat 143 Corn 332 Oats 404 Hogs., .. „ .. ,, „ 17000 LIVERPOOL GRAIN MARKET. Wheat—Opened He lower: nt 1:39 p. m., lower; closed UOUc lower. Coro—Opened nnrlmngcd nnd closed un changed to He higher. TIPS FLASHED From Wall Btreat for more than an ordinary reaction In the market from recent high levels. Liquidation, started yesterday, may ex tend further today, but think good rails - purchase on further decline*. Do not credit reports of Intended In crease In Hugar dividend, hut stock Is prob- bly worth Its present price. The atock market still reactionary. Uptown sentiment: There seems to bo ■098 , til rates for time arcomtuodallon* and the falluro of New York banker* to announce the express the opinion — hare gotten gold In I*indon yestprdny If they had wished. The fact thnt they dbl not bid Is taken •• strong evldenco that hankers here do not look for mntcrlnlly higher rates for money In the near fu ture. It I* underatreMl that an operator who In years past has been one of the most powerful factor* In the markot Is favorably Private Wire to Ware k Leland. New York, Aug. 28.—Loudoi higher. An Irregular aud unsettled market most prutislde, and reactionary movement likely ^extend to greater lengths. Stocks are MallilMiilIt call n»ot»oy worfc« more plentiful, and whl HUBBARD BROS & CO., mSInts 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 451,1-ong Distanced. A.S. Hustacc. Mgr. the demand for time loans was operators 8IP0IMMMMHnifonls for future requirements. ■Home I war capital nufy lw made eat of La||MnAMMli of Standard Oil, ■■■■■■■■■[niHWrtl. A close analyst* of Union Ihiclflc nnd Konthrrn Pa- c fle finance* show* thnt over and nbnro I fixed charges and dividend requirements [Urge Nurrdu* Is shown. Would say that H sharp decline*, think It advisable to taka on good stock*. I J. P. Morgan fa quoted aa oaylng: “X tare no apprehension of serious stringency *’ nioney/^ — general advance. Texas Pacific looks good. Stocks banka have lost 12,889,000 since Frt- » gros. r cent basis. baying In Hteels. Canadian Pacific a bullish feature, and think Coppers and Fuel will work higher. Chicago, Aug. 28.—Wheat was held up by the hedges nnd It closed 1-fe higher. It was not allowed to break, while the market wns filled up with all that It would tgke without declining the hedger Is working cautiously but persistently In the matter of getting out lines. There were conditions and cir cumstances to favor him late. Cash wheat at Minneapolis attracted a great deal of attention. The small run of new crop and the poor grading were featurea. No. 1 Northern old was 4 1-2 and 5c and No. 2 sold 3 and 3 l-2cover September; new No. 1 northern 2 and 2 l-2c over September. Daggett was a heavy seller here of December wheat, while he bought the September. Corn closed tame and l-8o off to 1-8 and l-4c up. Oats l-8c off to l-8c up. Pro visions 2 1-2 and 22 l-2c lower. Cash soles here 25,000 bushels corn and 70,000 bushels oats. No transac tions at the seaboard. Primary recelpta wheat 429,000 bush els and corn 539,000 bushels, compared with 607,000 and 645,000 bushels, re spectively, a year ago. Clearances Tor the day 228.000 bush els wheat, 171,000 bushels corn and 15,- 000 bushels onts. OHICAOO DRAIN MARKET. Chicago grain and provisions quotatloae for today follow: Open. WHEAT- Kept..... 7] I>ec. ... 74 Kept..,, 29% pec. ant May 32? High. T8? m i 4S* 41% 44? 30% 324 Jou... 13.86 LARD— Ropt... 8.674 Oct.... 8.80 Jan..., 7.921 SIDES— Sept... 8.75 B.lRi 13.62$ 7.924 7.99 Get.... Jan.... 8.69 8.624 8.674 8-624 in..,. 7.224 1.224 7.20 7.20 CA8II WlfBAT- No. 3 red 71*4072%* Ko. 3 do 704«7l! NV 2 hard winter 70MX<lVi; No. 3 do ,<>t| NORTHWEST CAR* The following figures give th* northwest cars today, last week and last year: Last Laat Today. Week. Teat; Minneapolis .W 26 132 Duluth 15 28 15 THE MADDOX-RUCKER BANKING COMPANY, with capital, surplus and shareholders’ liability of 10,606.00, solicits ac counts of individuals, firms and corporations. Idle money waiting an investment can draw 3 1-2 per cent interest in oir Savings Department—with drawal any day without notice. Safe Deposit Boxes For rent in our vaults in the basement of the Empire $u//</in£ for only $5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We Invite you to call and inspect them. Title Guarantee and Trust Co, Stw Orltant. WARE & LELAND COTTON, GRAIN, PROVISIONS, STOCKS, BONDS, f«. 2 Wall St., Mm BatMiai, Attanta, Ca. HlttBltS: Maw York Coflit hchaage. Standard rkoot 236, ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, Pr,<ld,nt. A. E. THORNTON. Vlo»<»r,,lden1. H. T. INMAN, Vlca-Prsildant. OEO. R. DONOVAN, Caahlar. JAMES S. FLOYD, A»t Caahlar. Capital : 6500,000.00 Surplus and Undivided Profits 1500,006.00 We Solicit Your Patronage.