Newspaper Page Text
JOSEPH B. LIVELY
( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE^jjs
25 years* experience
rkets In Atlanta nod
baa made him a rec*
authority In bta specialty.
ENGLISH CABLES
WERE BULLISH
Sharp Advances Shown in
Both Spot and Fu
tures.
SALES WERE SMALL
New York Market Nervous
and Sold Sharply Low
er After Opening.
mnrket opened sternly, unchanged
»riie steadiness wa_
public cnblca and bullish prl-
of the Southwest Cotton Association, which
noted a deterioration of 8 per cent In the
In Texas ,durin|t ^August. Trade wna
active and well divii
decidedly nuiiisn, first prices there iJMnj*
aharfily and better than due on the ad
vance in the American market! jester
day.
Spot was quoted 16 points up, at 5.65 on
sales of only 3,000 bales, which Indicates
that the spinner does need cotton at
advancing prices.
At the opening In New York, trode wna
of a nervous character, and It was evident
at the start that the bullish crop advices
from Texas was discredited to a great
extent, and that the Improvement was
manipulated from this side for the pur-
K tse of making a better selling basis
r those bearish!/ Inclined, and at tha
on me time allow the recent buyers to uu
load at a fair profit.
At a nr rate. the New York market
did not ihlljr respond tt> the better cables.
rices showing sharp declines for
Brices
osltlons.
ss he got all the cotton he wnn
ont advancing the • price, It was without
efTect.
Receipts of new cotton today Included
* bales nt New Orleans, Houston 16.652,
NEWS AND GOSSIP
Ot the Fleecy Staple.
Frlvnto Wire to (lUirrt Sc ('lav.
New York, Aug. 28.—Liverpool opened 7
to 8 up: was expected 6 to 7 up.
feature' 01 * u,ar * t * t is *I ulet **»»d without
Price brokers again buying.
■■***' ‘ ‘lexunue
Weld nud Iaitiium-Alexunuer are sellers,
ut not largely.
Commission houses doing very little either
'$ e Commercial says: “Dulls are adver
tising they will put October to 9.50.*'
Liverpool cnbles: ••Market affected favor
ably by shorts covering; others Imylug, ex
pecting further recovery. Market feels In
fluence of Price bulling.”
.,l*Ick Ilros. A Co., say: "The strength of
attributed to n renewal of
bullish talk by Mr. Price, who for the first
time In several weeks Issued some bullish
crop dispatches. There was nothing lu the
bulletin issued by hlui of which the con
servative eleuieiit of the trade did not have
knowledge."
lMordnn bought 5,000 December ot 9.32 and
wants 11,000 more.
We might have further Advance, but this
rallv Is u good opportunity to sell moder
ately.
Mauy
the week opened
reorders enme In by mall, but the bulk of
the letters asked for prompt shipments on
goods already uuder contract. Buyers are
conservative and ure taking only the goods
they can have sent on nt once. They ad
mit that trade Is excellent with then), and
that explains their anxiety ataut ship
ments. Generally speaking, the primary
market Is firm, nud ugeuts expect it to
for use this fall.
As long ns the good weather continues It
Price to advance the Tiinr-
will bo SnrS ...
ket much. He got his 10.000 hales
easily, and the market went down 6 points
immediately afterwards.
Nordetf continues to hammer the market.
and selling Janunry nt 9.32.
New Orleans, * ~ ’ *
up more than
__ ,ailr
Atlantic ndvnuces. Was due 6 points higher.
Dullish sentiment, assisted by the turn In
They Claim That the Pres
ent Reaction in Stocks
Will Continue.
RANGE OF NEW YORK STOCK MARKET
OPENING WAS HIGHER
There Were Realizing Sales
All Around the Room
After Opening.
New York, Aug. 28.—Further weak-
ness was reported In the early foreign
crop reports, seems to be iucrenslug In that
mnrket.
The eastern forecast Indicates fnlr weath
er tonight and Wednesday for Alabama,
. esday __ , .
Mississippi and west Florida. For the bal
ance showers tonight nud tomorrow.
stern forecast Indicates for Lousl-
fair nud cooler tonight and warmer to
morrow. For Arkansas, fair and wnrnier
today, partly cloudy, and the same for
southeast Texas.
the balance, partly
„ ul I ness with warmer
weather except scattered showers tonight
ami Wednesday In southwest Texos.
Galveston 14,496, total receipts talng new.
Estimated receipts: 1901 ___ 1965.
Galveston.... 7,000 to 9,000 . 8.063
Houston 2,500 to 3,000 4,63b
A dispatch from Cameron, Tex., aaysr
rapidly, and hands, while not in excess
hits bicii marketed. The weather Is
rather hot for ct»t*»ji picking, but when It
opens picking iK-glus.
Private Wire to Ware A I-elnnd.
New York. Aug. 28.—Liverpool futures
opened steady, 6 up on near, 7 up on late.
At 12:15 p. in., 6 to 9 up and steady. Sales
come 6 to 7 up.
. The Jonrunl of Commerce's crop reports,
covering Mississippi nnd Tennessee, say cot-
njr ...... ... ._
sects, bright prospects In Tennessee, plant
large onu well fm“ * *~
fruited In some eases, lu
others ;»ooriy; excessive rains dnmnged
some sections, but not seriously. Shedding
general nnd some rust; bolls beginning to
open, but picking will not be general till
Heptemtar 10 or 1$.. 1’sunl scarcity of Intar.
Drouth seriously complained of In Missis-
rft
has been some miscellaneous buy*
SPOT con ON MARKET.
Atlautn, quiet nt 9%«\
New Ynrk.TjnlHr at f.90e.
Hnvnnnah. steddy
rhnrleaton. quiet at 9%e.
Ht. I.otils, steady ntHMfcc.
Houston, steady nt p%c.
Doston. quiet at lOr.
Norfolk, quiet at 8%C,
Dnltlmore, munltml nt 9%c.
Mobile, quiet at 9e.
LIVERPOOL COTTON MARKET,
- Liverpool, Aug. 28. 12:15 p. m.—Cott«
•pot dull, with prices sternly: middling
uplands Lied; sales 3,000; American 2.300;
Futures opened
Opening
August. . .
August-Sept.
Sept, -t let.
Oct.-Nov.
Nov.-Dec.. ..
Dee.-Jan. .
.Inn.-Feb. , ,
Feb.March. .
Mnrrh-Aprll.
Apill-May.
Dante. iloae. Close.
. ,,6.23-5.27 5.23 8.18
. .6.17-5.18 5.14 5.11
. .5.08-5.11 5.05-5.06 5.03
. .5.08 6.03-6.04 5.00
. .6.06 5-03-6.04 6.00-5.01
,,,5.08-5.09 5.04-5.06 5.01-5.02
closed easy.
.5.06-5.10 6.06-5.06 5.02-5.03
.5.10-6.12 5.07-5.08 5.04-5.05
.6.13-5.14 6.09 5.06-5.07
.5.14 6.10*11 6.06
TODAY’S PORT RECEIPTS.
The following table shows receipts at tha
porta today, compared with tha same day
last year:
New Orleans.
Galveston. . .
Mobile
Kavnniinh. . .
Charleston. . ,
Wilmington. . .
Norfolk. . . ,
Boston.' . . i . ,
San Francisco,
rcnsncola. . ...
"2235
the crowd has
will ease off.
Cotton that Hchlll nnd Ilentx have sold
has been well taken, and Dlordan Is a good
barer.
New Orleans,. Aug. • 28.—Cnbles are very
favorable, except for the small spot sales,
which Indicate that snlnners are not In Im
mediate need of freSli supplies.
Allowing prices to sag off seems to bo
markets this morning, but the declines
were of no great 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 heavy
selling by foreign operators In this de
partment. Before our opening, how
ever, the weakness In London had been
checked by buying orders Yrom 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 slgnlfi
cant of the whole plan of operations
here. From the opening It "was 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.
Ameriofiu Sugar Refining...
Anaconda
American Locomotive.
do, preferred
American Smelling Defining
do, preferred
Atchison
do, preferred
American Cotton Oil
Dnltlmore nud Ohio....
Brooklyn Rapid Transit...,
Canadian Pacific........
Chicago nud Northwestern.....
Chesapeake nnd Ohio
Colorado Fuel nnd Iron
Central Leather s.
do, preferred
Chicago nml Great Western
Chicago, Milwaukee and St. Paul
Delaware and Hudson..,
Distiller's Securities
do, preferred | j 111\11!
General Electric
Illinois Centra'
American Ice Securities.......
Louisville aud Nashville
Mexican Central
Missouri Pacific
New York, Ontario and Western
National -Lem
Northern Pacific
New York Central...
Norfolk and Western
Pennsylvania
People's Gns
Pressed Steel Car
do, preferred
sales nlackened, the rise eXten __
St. Paul, the Pacific, the Southwest
ern shares, and some of the Industrial
giving the market a fairly broad ap
pearance.
The atoek mnrket opened with aome de
elded advances In prleea. Smelting nnd
St. Paul started In l%e higher; Northern
Pacific up l%c; Colorado Fuel nnd Atclil-
sou up lc aud Amalgamated lie. Minor
advances Included 14c In Ifendlng, Pennsyl
vania, Steel preferred and Erie. In con
trast. Anneondn opened 3 points lower, re
acted lu nil 6 points, then rallied 8. mak
ing a net gain of 2 per cent over jester*
f or continued reaction. There were rcnllz
ng sales nil around the room after the
The buying on the early reac-
openlng. The buying „
tfon was of the liest character, but ...
sources of the buying orders were con-
•paled by scattering the orders. Union
part of the manipulation going on. The big
o(>erdtors who are frying to run things
_ — |d«ntly desirous of attracting
fresh short sales with the view of running
shorts lu later on. Some little business has
l(cen done by exporters with Europe this
small profits nnd sales .on any good ad
vances for a long pull. Manipulators ought
to Ik* able to put prices up for a while, but
In the end a good crop ought to put them
COTTON REGION BULLETIN.
For the ,34 nonra ending nt 8 a. m., 75th
meridian time, August 28, 1908.
Importnnt price movement waa in
Atchison, which rose to 106%, making a new
high record. The Hill stocks showed
strength.
London taught about 40,000 shares, most
ly Atchison.
Rending •«•«••
Republic Steel
Dock Island
do, prefer red
United States Rubber
do, prefer red
Southern Pacific
Southern Railway ....
do. preferred
Sloss-Sbeffleld
Tennessee Foal aud Iron
Texas nml Pacific
Union Pacific
United States Steel
do, preferred
..1.
Virginia-Carolina Chemical
do, preferred
Western Union
Wuhush •
do, preferred
Wisconsin Central
do, preferred
Total stock aalea today 1,615,100 shares.
RANGE OF THE COTTON MARKET
AT NEW YORK,
The foliowing Is the range In cotton ftt
I
J3
5.
Low | j
i -»I**S
| T«*a
l
II
AUg. M a . .
Hcpt
Get
Nov
Dec
Jan
Feb
March. . . .
8.90
8J8
1
1:2?
Mf
9.64
a
Efi
til
9.43
1$
S:S
BJi
104
!UC,
9.14
9.26
8.85
8.74
8. K9
9. j
9.16
9.22
9.27
8.68-73
8.73-76
8.88-W
8.96-98
EOi 07
0.15-16
9.20-21
9.26-27
8.92-37
1.97-99
9.12-H
9.21*23
9.30.31
9J9-40
93m7
9.B1«2
Closed steady.
LONDON 8TOCK MARKET.
STOCK—
Anaconda,.
Atchison..
Canadian Pacific
Chic., Mil. and St. Paul..
Erie
do. preferred.. .. f... ...
STATIONS OF
ATLANTA
DISTRICT.
•Atlanta, foggy
•Chnttanoogn. cloudy. . .
Columbus, cloudy. . . .
••Gainesville, cloudy. . .
Greenville, cloudy. . .
Griffin, cloudy
•Macon, cloudy
Moutlcello, cloudy. * . .
Newnnn. cloudy
Rome, p. cloudy. ....
Spartanburg, cloudy......
Tallapoosa, cloudy
Toccon. cloudy
West Point, cloudy. . . .
Minimum temperatures
INTERIOR MOVEMENT.
Tbe following table shows receipts at tha
Interior towns today, compared with the
Mine day last year;
Houston
Augusta
Memphis
Louis
Cincinnati
Total.
WARE & LELAND'S DAILY
COTTON LETTER
.i*-- York,- A hit. 28.—Klfnrta to run In
im* short Interest nnd liooet prices were
t” ns successful this morning as jester-
lnv ,- During the late trading yesterday,
brokers were sent Into the ring to bid
!?" market up. nnd prices advanced rapid-
V 0,1 "top-loBu orders. Today buying or-
der* were sent, to Liverpool; that market
advanced sharply, Imt n large quantity of
••otton tnketi above f.30 for DeeeraWr en
countered so much resistance to the buying
movement that prices slipped off again ver>
fVMIjr. "bd during the midday trading
price* Bohi down ns low as those quoted
WSfday for most options. Tin* collapse
th- market was somewhat of n sur-
i • nn thp m*tket opened very steady
’"Wm *or* wen* of the opinion that
effort to advance the present level
n,rr >’ Prices 10 points higher. There
* , too much cotton for wtle, however,
5n k fr ' M n 9,14 tor Mw*wlt# r , prices ran
.... for the 12-
..... m. this date.
••Received too late (wire trouble); not in
cluded In averages.
hour |H*rlod ending nt 8 f
HEAVY RAINFALLS.
Gainesville, Gn
flood water. Ala
Jacksonville. Fla..
Charleston. .....
Galveston
Little Rock
Memphis
Mobile
Montgomery. . . .
New Orleans. . . .
Oklahoma
Savannah
Vicksburg. .
If
IH.r, Ar,r.,„.
85 | M | .«
tlcnto
REMARK8.
The temperatures Intve fallen several de
grees over most of the western districts
during the past 24 hours. Little or no ralu
has fallen In the Galveston. New Orleans.
Oklahoma nnd Vicksburg districts. Heavy
rnlhs have occurred at poluts In Alabama,
Georgia and Florida.
on nny advance, and It Is a question wheth
er the market Is broad enough nnd will
attrart enough general business to advance
much further. While some unsatisfactory
crop accounts are at hand, the crop, as
a whole, seems to In* doing remarkably
well, nml Indications seem to point to a
record yield.
GIBERT & CLAY
<• t ALABAMA ST.
STOCKS. BONDS.
COTTON. CRAIN.
COFFEE. PROVISIONS
ATLANTA. OA
lenseRK
Tor* Stock ExchnnitelN.w Origin Cotton ri^hinge.|C1ilc*>» I
rev Turk Cotton Exchange. Now OrtMU Slo,-k l.xrhango. Ltrorpool
*— '— - Orica Bo.nl of Tt*u..|i
Donrd of Trad*.
, Cotton Aaaool.tlo#
[o.h oitori Cotton Exchatiga.
,w York Coflo. Eacb.ng.-IX.
Prtrat. Wlro. to .11 Exetungof
t*««l and Lons Dlitanss Ttlephon, 5298. W. R. FAGAN, Minijer.
L '
Illinois Central.. . *
IdAulsvIlle and Nnshrllle..
New York Central
J’ennsylvnnln.. .. .. ..
Reading ••
Houtlieru I’uclfic.. .. „ .
Union I’aclflc
United Htntes Ktecl.. ..
do, preferred
GOV’MT WEEKLY
WEATHER REPORT.
Alabama—The weather w«. ho* «od .ultri
moat of the week. The temperature arer-
AT NEW ORLEANS.
Tho following Is the range In cotton fu
tures In New Orleans today:. ,
n
9.04-06
8.10 il
t.14-17
9.20-21
Closed atendy.
ble sunshine. The rainfall exceeded the
normal in the northwestern, western nnd n
few central countie* nnd waa deficient else
where,
nnd sll„
counties, .
fall lu temperature occurred In the north-
central counties and was deficient else-
•re. The temjierature averaged normal
slightly above, except in the western
utles, wnerw K was defleluf. A decided
titles.
denitely heavy lu n few lo-
Arknnsas—The temperature was above the
uonmil and generally favorable; the nights,
except tho lust two, being very warm;
showers occurred In aome sections, the pre
cipitation being above tho normal every
where except In some southern counties, the
greater part of the atnto receiving too
much.
with abundant sdnablne.
were of nlmost dally occurrence nnd were
heavy In a few central nnd aouthern couu-
THE WEATHER.
LOCAL FORECAST.
For Atlanta and Vicinity—Partly cloudy
and probably showers tonight and Wednes
day.
WEATHER IN COTTON BELT.
Texas—Dallas, Tyler and Temple clear
and cool. Houston and Han Antonio clear
and cold.
Mississippi—Aberdeen. Tupelo, Amory,
New Albany, Lexington. Yaxoo City, Can
ton, Jackson nud Nntebcx clear and cool.
Meridian, Newton nnd Hattiesburg cloudy
and cool.
and cool. Helnia i
gomery cloudy and pleamn
cloudy aud cool. Mobile iw
and cool. Huntsville rlouilj
Montgomery cloudy aud threatening.
Georgia—Columbus cloudy nnd hot. Amer-
lens cloudy apd pleasant. “
Savannah
gerature 83. Albany
Macon alondy
partly cloudy; tern
cloudy; temperature
Atlanta cloudy and
Orleans cloudy and
WEATHER IN WHEAT BELT.
Extreme Northwer —Cloudy; 44 to 62
stave; general mins.
Northwest—Partly cloudy; 48 to 64 stave.
West and Southwest—Clear, with rising
temperature; 60 to 64 above.
Ohio Valley—Clear; 68 to 68 above; scat*
tered rains.
WEATHER FORECAST.
Georgia—Cooler Tuesday, with fair In
Iona;
western nud showers lu eastern JMH
Wednesday fair; light to fresh northwest
winds.
I taulsfona, Alabama, Western l-'l-irida nnd
East Texas—Fair Tuesday and Wednesday;
eat 'fexafr-Local showers Tot
Wednesday.
Arkansas—Fair Tuesday and Wedn<
Illinois—Fnlr and warmer tonight
row fair; warmer a»uth. • .
Indiana—Warmer tonight and *»' <*lo*s-
laeonsln-Partly cloudy and warmtfj to-
Wedneadrv 1
night; a
Mlntie
, showers west
inesotn—Hbowers tonight nnd Wadi
Vown—Fbowers tonight.
Missouri-Fair aud warmer tonight:
orrow fair except shower* H the u
^Kansas—Fair and tonight
iorrow fair. J /(
Nebraakn—Fair nnd w Vmer west* i
ers east tonight; W’sdarmmy fair.
Dakotas mid Montana /.-Showere tonight
Wednesday, f
w/eathek c;NonioN>. /
The area of high pr»;-»oir* that was >ti.
degrees above the norma..
Louisiana—Tcmimrature was abnormally
1.1*1. mimm-IhHv in the aouthern portion.
showers occurred nt the
, The sun-
no was ntavo the normal.
Mississippi—The mean temperature was
ntaut 3 degrees stave the normal. Rainfall
waa deficient In the southwestern and east
ern portions nnd was excessive In the south
ern portions of the Ynsoo delta nnd along
the gulf const. Sunshine general/ suffi
cient.
|wna showery and warm. The rainfall wns
alHMit the normal, but waa badly distrib
uted. being esiHHdally heavy In the central
counties. Reports or damage liy excessive I
raius continue. The temperature averaged
■boat 3 degrees stave the uormnl.
Oklahoma nnd Indian Territory—The
weather wna generally fair. The tempera-
tint* averaged near the normnl, but Hunday
i weeurred from the 23d
rm WYurrni iruiu me mxi iiu hirh it.
The ralufsll was In excess of the normal
owers occurred almost
_jey received the heaviest ralufall.
The temrierature was normnl or slightly
stave. The weather was sultry and there
waa mlich elondlneaa.
close of the week, but there wrts consider
temperature Is the rule.
Cloudiness prevails In the southeast, along
the Atlantic coast and In Montana and the
Dakotas.
Unln has fallen nt nearly all stations east
following stations
sin In the
of the Mississippi. The following stntlona
Inst 24 hours: JacksonvL.. ,
1.98, Albany 1.26. Gainesville 2.20. Good wa
ter. Ala., 194, nnd Washington, D. C„ 1.32
Inches.
The conditions favor partly cloudy weath
er and probably sbowera tonight nnd to
morrow,
J. H. MARDURY.
Section Director.
western, northern nnd central counties at
the close of the week.
Tennessee—Tim week was partly cloudy
to cloudy with high temperature nnd local
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Gihert & Clay.
Chicago, Aug. 28.—Country acceptances
wheat very light, but some of the house:!
report a better disposition to sell rouud lots
of Nebraska wheat ut only He above the
prices that had been bid tafore.
The ltecord-IICrald says: "Export houses
last night were expressing much disappoint-
ket here should hold steady for a time there
would be n big Increase In the deniund from
abroad. Prices here gulped a little lust
week.. Cables Inst night were rather Ulsar*-
jKdntlng and indicated very little desire t._
buy except lu a amail way. J. A. Itnukln
Is around on the bull side of wheat. *We
saw our tattmu prleea last week,' said lie.
will go^ higher before It goes very much
wheat, 660.000 corn nnd 125,000 oats.
Heaboard aalea were 240,000.
Believe corn offers good opportunity on
th long side. Stocks are down to ntaut
nothing. Demand is good and will take
care of receipts oud futures
good discount.
Cash wheat at Kansas City waa In good
Receipts were 423 ears nnd there were 60
There was o very j
...—■— I fie AnmHcan
milling Inquiry hna been slow. Exporters
the other side ns slower and poorer than
Inst week. Hales of ntaut 25 loads export
were reported, but some was mostly swap-
In this mnrket for bard wheat on foreign
sns City house wired that (bey could havo
bought 50.000 bushels Hntnrday at a price
ntaut in line with Galveston bids for last
bnlf of November loading.
PRIMARY MOVEMENT.
The following figures show the primary
movement of wheat and
Receipts 639,000 bushels, against
645.000 bushels last year: shipments today
560.000 bushels, against 253,000 bushels last
yeur.
CHICAGO CAR LOT8.
Wheat.,
'on*.. .
Oats.. ..
Hogs.. .
Today. Tomorrow,
LIVERPOOL GRAIN MARKET.
Wheat—Opened He lower; at 1:80 p. m.
HCHic lower; closed HOHr *
Corn—Opened unchanged
changed
TIPS FLASHED
From Wall Street
Showers. The temperature averaged much
ntavo the normal, especially In the eastern
portion. The rainfall generally was light
COTTON SEED OIL MARKET.
Now York, Aug. 28.—The market
cotton seed oil was quiet but flfm, tho
nearby deliveries holding the recent ad
vance established, nnd offerings* which
were scarce, were readily taken. There
waa a very little oil for sale, either An
gust nr Heptemtar, nnd there wns less lack
of bringing new oil forward for Heptemtar
delivery, although It Is understood that
aome new oil Is now on the way. Distant
deliveries are quiet nnd rather heavy. The
mnrket nt the rinse wna steady, with prices
unchanged to ftc higher.—Ware A Lelnnd.
Opening. Closing.
August. ........ I$ r
Heptemtar. ...... 86
October. .
November.
Decemtar.
January.
Halea 100 October at 82H- Cloaed steady.
SOUTHERN EXCHANGE
Oldut ISatabllahcd Offtrs South.
COTTON—STOCKS—BONDS—GRAIN
Ground Floor Ciould Building. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE, THE NEAL BANK
PHONE I41T. PRUDENTIAL BLDG
HUBBARD BROS & CO, Sts
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 454, Long Distance 39. A. S. Hustocw. Mgr.
Private Wire to Glbert A Clay.
New York. Aug. 28.—We are not prepared
for more than on ordinary* reaction Id
l further today, nut turn
a purchase on further declines.
Do not_eredlt report* of Intended in-
dividend, hut atoek Is prob
ably
rngement of gold In London. Mon who
atoek market ■mi reactionary.
Uptown sentiment: There aeetna to ba
genuine confidence regarding both the mon
ey inarkot and the stock market, In aplte
of the hardening yenterdny In rates for
time ncciinimodaliniis and the failure of
New York tankers to announce the cn
K
express .— . v -,- .
have gotten gold In London yesterday If
' ey bad wished. The fact that they did
..jt bid Is taken as strong evidence that
tankers here do not look for materially
higher rates for money In the near fu
ture. It Is understood thnt an operator
vho In years past ban bean ona of the most
fi ‘ora li
powerful factors In the market Is favorably
further.
be carried
An Irregular and unsettled market most
more plentiful, and while call money work
ed off, the demand for time loans waa
future requirements.
funds for
Home l>ear capital in«Y be mads out of
the Chicago Indictments of Htandard Oil,
with the heavy fines Imposed. A close
analysis of Union Pacific and Hontbern Pa
cific finances shows that over and above
nil fixed charges and dividend requirements
a Urge surplus Is shown. Would say that
on sharp declines, think it advisable to
take on good stocks.
. J. r. Morgan fa quoted as saying: "I
Imre no apprehension of serloua stringency
•n money/' . . * ,
London Is a Urge buyer , of Atchlaon.
general advance.
Atchison 10814. a new high level, and lm-
resslon growing strong that It will go
n 6 per cent basis.
Go si buying In Hteels. Canadian Faclflc
.. bullish feature, nnd think Coppers nnd
Fuel will work higher.
WHEAT OPENED OFF
There Was Little Pressure
To Sell at the Start of
Session.
PRICES HELD STEADY
Grain Markets Broadened
Out Later—Provisions
Easier on Liquidation.
Chicago, Aug. 28.—Wheat was held
up by the hedges and It closed l-8c
higher. It was not allowed to break,
while the market was filled up with all
that It would take 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
features. No. 1 Northern old waa 4 1-2
and 5c and No. 2 sold 3 and 3 l-2c over
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-8c 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.
Cosh sales here 25,000 bushels com
and 70,000 bushels onts. No transac
tions at the seaboard.
Primary receipts wheat 429,000 bush
els and corn 539,000 bushels, compared
with 607,000 and 645,000 bushels, re
spectively, a year ago.
Clearances for the day 238,000 bush
els wheat, 171.000. bushels corn and 15,-
000 bushels oats.
CHICAGO GRAIN MARKET.
Chicago grain and provisions quotations
for today follow:
« . Previous
wnBAT^ 0, n,,h * Low ‘ aoae;C,ow -
’0# 7114
Sept
Dec. ... is
Kg!:::, f*
Rept.... 29V4
Dec. 30V4
May 32H
I’ORK—
Sept.. 17.00
Jon... 13.35
LARD-
Sept... 8.67H
Oct.... i.io
Jnn..., 7.92*4
SIDES—
Sept... 8.75
''let....
Ts‘,
73%
74%
THU
i
9*
4484
3%
8.70
8.80
7.92U
an.... 7.22*4 7.22% ,
CASH WHEAT- '
8.77%
*.42%
2 red 714*072% • No. 8 do 70%O71:
Na 2 hard winter 7041071%; |No. 3 do PT#
NORTHWEST CARS.
The following figures give the northwest
ears today, last week sad lost year:
HE MADDOX-RUCKER
BANKING COMPANY,
with capital, surplus and
shareholders’ liability of
$900,000.09, solicits ac
counts of individuals, firms
and corporations.
Idle money waiting an
investment can draw 3 1-2
per cent interest in ov
Savings Department—with
drawal any day without
notice.
Safe Deposit Boxes
For rent In our vaults in the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
ATLANTA NATIONAL BANK
ATLANTA, GA.
Ing 111 from the UMiant In.
aliinMt i-iiilrrly illimpi>onrv«l and Mat th.
Imromrtrr I, Imt llttir alporo normal In tlcw
n-gloii of lilalimt pmanrr. An nraa of low
Drnann- Una devrtmwil In th» n»r- h»™t
nml la now n-nlrro.1 or.r the iMkoV.a. Ita
nitrami- lina iwaar.1 a in-nrrnl Iri in
titamratarr ihrouakont the northwo.i nr.-r
Uuj real of the couutrj about •'fllouary
y$rk. Htw Orlnii.
WARE & LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
. Hi 2 Wilist.. Mm 1 «!'<!»,. Alum. Cl.
MMmsi
Frw Yarft Can,, Intiin. Chieigi Bend at Tnde.
i Orient Cana. Ctikteae. Chicago Slock tockeoge.
■ - Kn lock
C. E. CURRIER, Preaidant. A. E. THORNTON, VI,»Pr„ld,n«.
H. T. INMAN, Vlce-Pre,ldent. QEO. R. DONOVAN, Caahlar.
JAMES S. FLOYD, Aea’t Caahler.
: C«tton Atsoilatie
York Coffee ticking*.
Capital $500,000.04
Surplus and Undivided Profits $509,000.00
We Solicit Your Patronage.
Minom 12*2.
Standard Phono JM.
f,