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THE ATLANTA GEORGIAN. M.solr, ArnrsT 3, jm EDITED BY JOSEPH B. LIVELY ( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE^) Ur. Lively's 26 years* experience 3t editing markets In Atlanta and the South has made him a rec ognized authority la hit apectalty. IN ALLiRKETS Jverpool Set the Pace By Opening Lower Thau Was Due. 3 UR MARKETS LOWER NEWS AND GOSSIP Of tho Fleecy Staple. Favorable Weather and Liberal Movement Are New Factors. New York, Aug. 29.—At the opening of th< oral cotton market Or toiler touched n non otv record, nnd there wna heavy selling pressure nil along the Hue. partly induced jy weakness in prices at Liverpool. First limtntlons here were lower than due on ne cables, l»elng 5 to 8. |»olnts down. They effected bearish sentiment that has spread hrough the local trade In the absence of rop ami announcement that new cotton moving rapidly. After the call the rallied shout 2 points from the hot Cotton for future delivery was weak lu all the speculative centers this morning, the .literal movement of new cotton and con* tinned favorable reports from the crop be- ng the depressing influences. Liverpool was lower than due at the ipenlng, and the American markets opened .mver than due In response to the decline in IJverpool. Sentiment Is Itenrlsh among the specula tive element, and prices have declined with- nit aggressive nnpoaltton for the past imnth; In fact, the cotton producer has so had very little to say nnd the dealers _ ... ./the producer re- rimes to allow his cotton to be sold by this "lenient he can check the decline. In the meantime, however, the movement of new •otton. In Texas especially, would Indicate that not a few of the fnrmera In that sec tion look on present prices ns fair. Receipts for the half'week at the Interior towns 23.621 bales, shipments 26,194, stock *W>.178. No compsrisons. Galveston 6.0M to 6,506 5.1M [louston 8.000 to 9.000 5.136 The dose was steady 4 to 6 points higher hnn yesterday’s close, covering by s inning n rally In the late trading. 8POT COT! ON MARKET. Atlanta, quiet at 94* 1 . New York, quiet at 9.80c. New Orleans, easy at 9S-16c. Live* pool, easy nt B.40d. Augusta, steady nt Mfcc. Savannah, quiet at 94c. St. IjOuIb. steady st 9\e. Boston, quiet st 9.90c. "ha I Teuton, steady at TT-lle. TODAY’S PORT RECEIPT8. The followlog talus shows receipts st ths ports today, compared with tbs same Inst ysar: New DrJears , , , , Galveston Middle Savannah Charleston Wilmington INTERIOR MOVEMENT. Tbs following tabls shows receipts at ths Interior towns today, compared with the same day last year: WARE & LELAND’S DAILY % COTTON LETTER New York. Aug. 29.—An effort to hedge seme of the eotton bought here for an advance hmka the Liverpool market sharply this morning, and Octolter sold within a Mnt of the low price of the season. Weak' n**«s Abroad led to general aelllng and Iwar nmnmertng In the focal mark-t. and It noon lH*t-nnie evident thnt there was not enough support to prevent Deceuilier running Tin nln. ns a general feeling that heaviness •" ’"i"l»er, nnd the fact that prices all •Inns the line reached a new low level ° n thin decline, all furnished evidence* of " “aciting tendency of the market na a standing proposition, that tendency being Interrupted from time to time by perfectly J>‘>rnwl and healthy reactions. Reports jr«'iu the Kmith Indicate one of the largeat, it not the largeat. crop ever gnthennl, And an long aa such report* continue there *111 Im» little u|)on which to Imse nncu- nientn for the purchase of cotton. This ■ the marketing season, whlrb In Itself pan* pressure. Efforts to advanre prices ■tc met with repeated failure. The rea son fi>r “ •- *•- — —* GIBERT 4 CLAY a „ DAILY COTTON LETTER. New Orleans, Aug. 29.—The sentiment f.™' 1 wn *..ln marked contrast to that jAteiy prevailing, and under the Influence m ravorahle reports, as to the crop's prog- [’’*•. °ptlons de«-lluei| steadily. Anally do*- S* Uir *ly steady nt a lou over the pre- loim dny s level of from 13^11 points. reduced 16 points; Th * Hlwral reaponse by Liver- fh *\ decline In the American mnr- SI? rp * t * r, l*r. and an Ideal weather mop. fll \ r ‘‘, r ‘-*i»on»ib!6 for the lorn In values on u , A (wither decline waa »>erasloned I.I, '. Kh . ,,|p Huuldatlon of a small long In- I,,, ngnt In ontlclpatlon of n reaction. In f ! T n . rt,v,lr «» lh* part of the l**rs. fa ' *' *b** only support furnished mnrket was through the medium of worr* rove ring, if K large short Inter- Private Wire to Olliert ft Clay. . Ynrk ' Aug. 29.—Liverpool opened 10 ©11H down. Duo 10 down. J^ca! traders who bought earlier are now selling, which Is causing the ensi ness. Dick Bros, any: "With the specula tive atmosphere much clearer, we think conditions favor the short side, and we fa vor sales now and on every rally.** Talk among spot people of bringing cot ton to New York for October delivery. Alexandria cables report an active de mand for old crop Egyptian. The Journal of Commerce says: "The day's trading was steady nnd of fair vol ume. In flrat hands, the willingness to sell forward from October waa n little more pronounced whenever goods rojjb] be seen for delivery In the period Itetwecn then and up to the end of the year. Rov ers manifested little deposition to take large quantities of goods, but thev found less fault with prices when they could he assured of shipments on the lines that have l>een scarce since the Jobbing season open ed. Reorders have been coming steadily since the middle of Inst week, and there are many evidences showing a great vol ume of husluess going on with Jobber* In the middle west, the far west and to a lesser degree In the south." . New Orleans, Aug. 29.—Shorts covering steadying the mnrket. which, however, looks weak nnd might work lower on pres sure. Mnrket declining under selling for a few longs who earlier expected a reaction. South Carolina and Georgia. For the bal ance, fair weather tonight und Thursday. Western forecast Indicates fslr weather throughout tonight, with partly cloudy conditions tomorrow generally; slowly ris ing temperatures expected. Weather map 1s Ideal dear and cool, with rainfall very light and confined to tho state of Georgia. This Influence, togeth er with the liberal response of Liverpool to yesterday's decline, should cause prices to seek lower level*. A dispatch from Taylor. Williamson coun ty. sn.vs: "The boll weevils are working In the cotton to some extent, lint no more than most had expected, nnd the rains of the Inst week ninde the cotton shed the hlnqpi* that appeared. Imt. hiking nU points Into consideration; the crop will lie as good *r lietter than has lieen made here In he Inst few years." Temple. Hell county, Texas, says: "There will he less cotton received In August this year by wagon thnn ever before known. The renson ascribed Is that after the rains which succeeded the June drought, cotton waa small, and, therefore, the India have been late In forming. Rjr the same rule. Heiitemlier receipts promise to exceed any- S lug of the kind seen In previous sca ns." The Journal of Commerce say* of Ar kansas: "The plant Is large; In many In stances. strong nnd henlthy, well fruited, and fields clean, well cultivated nnd gen- rally doing well, hut there Is considerable doubt ns to how much damage the heavy rains, followed by dry sunshine weather, may inflict upon a large nnd somewhat sap- THE FIRST The Heaviest Transactions Were in Reading With Philadelphia Seller. OPENED FRACTION OFF Slumped Sharply Over 3 Points, But Quickly Re covered 2 Points. By I’rlvnie Leased Wire. New York, Auip 29.—With the publication of the details of yesterday's Philadelphia failure, the stock market irat quick to recognize thnt It lind entirely exaggerated the significance of the episode. The sus pension was due neither to stock specu lation nor to the real estate boom, con sequently whatever comment then* had been yesterday on the assumption that u weak sjKit had been disclose! lu the finan cial situation was seen today to posKcils order (itilck recovery was In _ ... near and 10 down .... late. At 12:15 p. m., 106*11 down nnd steady: sales 4.000 spot*. 16 down nt 5.40d. Fu tures due to come 10 down. Mnrket opeued weak, commission houses nnd locnl trader* big sellers. Looks llko^ po tent ton r continues weak. Tremendous blocks of cotton Indng thrown nveritoard. Gnthney nnd Rehlll heavy sellers. Can not see any hope for cotton, nnd think wo must have gradually lower market. IJverpoo! rabies affected unfavorably ~ the poor receipts from Now York. Other wise the mnrket shown no new fraturen. Tone of the mnrket Indifferent. "" — lietter denmnd from spinners. at Jill. _ „ . and It iHtgnn in s remarkable mnn- .... In the early London dealings. Hu- fore the opening of our market, American stock* were tin anywhere from a point to 2 points, with an extreme gain of 3*4 Hie Canadian Pacific. Them* advances e reproduced consistently at tin* local opening, t'n mi din n Pacific selling up for -• extreme gain of nearly 6 points, with snarp advances In the minor affiliated stocks. For a time thereafter there was considerable pressure on the mnrket, par ticularly In Reading, Pennsylvania nnd Cop- per. where enormous blocks of the stock wen* thrown out. Ibit the absorption was remarkably rapid, mid by midday tin ' — rial nr — inifp, with •SJK Till ((St tipblddlng of Pacific the features. The stock market opcifed animated and Ir regular, but with most Issues showing ad vances. Pennsylvania opened on 7,090 shares at an advance of 14 per . cent. Reading's Initial price wns % lower. Atchison niM*m*d at n gain of %. ns against 193*4 yesterday. Ht. Paul opened, cx-dfvldcnd nnd rights, nt 1754. The sensation of the market wna an advance of 4H 1»» Canadian Pacific. The stock gained 6% not. There wns wild trading all through the first hour with. 1.000-shnrc onlers plentiful In numerous stocks as to create,, general comment. The heaviest transactions were lu Heading, of which Philadelphia wns n seller on an enormous scale through local houses. The *tis*k, after opening lower, rallied to 1364. then dropped to 133%. hut on heavy htiylug It quickly rallied over 2 points. RANGE OF NEW YORK STOCK MARKET Amalgamated Copper Atlantic Const Line American Sugar nefintiig Anaconda American Locomotive do. preferred American Smelting Refilling... do, preferred., Atchison do, preferred,.... American Cotton Oil Baltimore nnd Ohio Brooklyn - Rapid Transit, Canadian Pacific Chicago and Northwestern Chesapeake Slul Ohio VUH .111(1 Ifn*lll U ( nlfTII .a........... •Chicago. Milwaukee and Ht. Paul Delaware and Hudson Distiller*a Securities do, preferred.7..’. !!•!••!»•* General Electric Illinois Centra' Louisville and XushvtUc Mexican Central Missouri PacliU New York. Ontario nnd Western National Lear,,.. Northern Pacific New York Centra! Norfolk aud Western Pennsylvania People's tins Pressed Hteel Car do, preferred Pacific Mull Rending Republic Steel.... Rock Island do. preferred. United states Rnbhor do. preferred Southern Pacific Southern Railway do, preferred Rios* Sheffield ........ Tennessee Coal aud Iron Texas and Pacific I'ninn Pacific ...., Pul fed States Steel do, preferred Vlrglula-Carolina Chemical do, preferred Western Union Wabash do. preferred Wisconsin Central do, preferred.. •Kx-divldeml 3% and rights. tag ■ MH t* $ 168* •s 148H am 23 45 1 51W MH ffl 193* NOTES ON GRAIN Pointer! on Provision!. C hicago, Aug. 29.—Wheat showed a good uudertoiio at the close yesterday, and will likely show some further advance today. The opening Is dull but steady. Crowd ready to go either wny. Rome rains In parts of the northwest ban caused n ' tie buying here, hut nothing of eo qMence. Minneapolis stocks deerertae 835.000 for four days. There Is a lot of Reptember wheat hero mm polls. i weakness In Min- h / h . is* •8» I’eavy Grain Company. The only buyer of any note was Don Wright, who wnt short. Chicago Inter-Ocean: It Is between hay and grass with the wheat traders. There Ims been a 15e break on 'the winter wheat movement, which has let up. The spring movement, which was expected to lie well under wny by this time, has liecu checked by recent wet Weather, nnd Is disappoint ing. It has curtailed operations l»y the bears, nnd while the bulls do not look {< l r .... m< ' r C™ , '*ht right away, they are afraid It might come, and are going slow. Mluneaimlls had only nine cars ot new wheat yeiterday, two rare No. i northern, five earn No. 2 northern, one car No. S northern and one car rejected. Ijite advices from Argentina say thnt the quantity of wheat still nvnllnfde for CHANGES SMALL N WHEAT PRICES At Close Market. Was Un changed to a Fraction Lower. BUSINESS WAS SMALL Fluctuations in Corn and Oats Covered a Very Small Range! B.r I’rlrnte Lmaod Wire. w „„„ I(lr Chicago, Au*. 39—The beet epoti riiixirtl.'Very ’mortreele, eod exportere lire- reached for grain failed to hold, u -*** ‘ — ----- •- - the ad- prices: o.u S rednrtlon’ln ehhim.nte from tile olferinge Increaaed on all Si* ,'; n l,™tVnU. vanoea to develop. Closing p Total stock sales oday 1,688,100 shares. RANGE OF THE COTTON MARKET traders to hurriedly stnrt covering shorts put out nt the low levels. Thu feature of the trading waa thnt Steels were fairly grabbed ns soon ns they were offered. Governments unchanged. Other bond* are active nnd lower. LONDON STOCK MARKET. Rather Think cotton shorts well run In on Inst advance. Considerable pressure, with lots for sale. Believe It Is a sale. New Orleans, Aug. 29.—The mnrket Is Imrely steady. Short* are taking profits, whlcn checks the decline. No other sun- port Is offered. Sentiment Is generally bearish. THE WEATHER LOCAL FORECA8T. WEATHER IN COTTON BELT. clear atid fine; (Taco, clear and cool; Fort Worth and Ran Antonio, partly cloudy nnd Mississippi—Nntchex nnd Ynxoo City, clear and pleasant; Jackson nnd Merldlnu. dear and cool; Hattiesburg, partly cloudy nnd cool; Hnslohiirat, Greenwood n haven, dear and cool. Alabama—Birmingham, partly doudy and coot; Reims, Montgomery and Mobile, clear and wnpn; Gpellkn, cloudy, drlssllng rnln Auncomhi Atchison Canadian Pacific Tile., Mil. nml St. Paul. Illinois Central.. l,oiil*vHlc nml Nashville. New York Central Pennsylvania Reading Houthem Pacific Union Paelflc i’llffed State* Steel do. preferred I AT NEW YORK. The follnwlng I, the reuse In cotton f« lire, lu New Voi-lt today: I III 8.69-70 8.73-® 8.83-84 8.88-89 8.92-94 8.96-M ^22-3 TIPS PLASHED From Wall Street COTTON REGION BULLETIN. For tho 24 noun ending nt I i. m., 7ttk nierlillnn tilin', Anguei 3). 190H. ITATIONS OF WEATHER IN WHEAT BELT. * Nurtliweet—(lenerelly i lonrtr, 48 to 58 de gree, ntmvp; locnl mine. Went nnd gnuthweet—Clear, 50 te W de- green nbove; light ehmvern In Imvn. Ohio Vnlle.v-rlenr, 80 to 64 nliovo. WEATHER - FORECA8T. Florid, nnd Kent Te'xnn—Knlr Wnlnendny nnd Thnrednr; light vnrtnlde wlniln. IliHirgtn nnd Knnterii I lurldn—Hlioe er, to- • WEATHEK CONOn ION8. Cloudy wenlher prernlle toilny nloug the Atlnntlc conet from New York In noiilhcrn Florldn end nt n few ncnttenul ntntloun elnewbere. Over meet of the country choir prcdintnlnnle. Hulun hnvc fnlten in the i Atlnntlc ntntee. the upiier hike region mill In Moutnnn. The grentent tulle eurreil In Oeorgln. nn follown: Knetmnn 2.28 lichee. WnyneelKiro 2.74, Alnpnhn t.f6, end Thoinnevllle 1.4*. Itnlli wee felling nt All- giintn nnd Thomnnvllle tliln morning Tile prennure In very Iregnlnrly dlntrllmted nml In generally low. There In nn nrioi of low Imrometer of ronniderable energy ecu- tereil neer Slnrquette. while the highest reeeiirc covers tnp Atlnntlc ronnt ntntee. The teiniiernturc tuts cbnngwl lint little The conilttlone fnvor ehowera tonight nnd Thnrvlny. . } n maBBJ’BY. Rcctlon Director, cat nianncoil the market. It would appear logical. In the natural course of events, to expert a somewhat material reaction from present prices pending the govern ment's report In the early part of next month, but the short Interest. If existing In volume, manifests little or no uneasi ness. hence the opinion generally firevails that, with favorable circumstances, mar ket price* will gradually drift to lower levels. And traders autlelpote that the annual report of our exchange, which will probably lie available upon the opening of business Keptemlier 4. will. In the fig ures of sunttlles, constitute uuother lucent- Ivc for Mllng. GIBERT & CLAY *•* ALABAMA ar. STOCKS. BONDS, COTTON, ORAIk correc, provisions MEMBEMi ATLANTA, OA, Gainesville, cloud}'. . Greenville, cloudy. . . Griffin, cloudy. . . . •Macon, elouuy. . . . Montlcello. cloudy. ... 87 72 .43 j Newnan, cloudy. ... — — ~ Rome, cloudy Tallapoosa, cloudy. .... m> Spartanburg, cloudy. . . .| 90 Toccon. Cloudy. .... ,|_80 West Point, cloudy. . . .| 84 “•.Minimum"teinperatures are for the 12 hour |K>rto<l ending at 8 a. in. this date. CENTRAL HTAT10N. Memphis. . . Mobile Montgomery. Wilmington. . . T iadlcatss laapprectahls rslafalL Dlat. Averages. Max. Mlu. 7T Jl 1*2 IT esi or me niwniuiHH river, iicavy raun ire occurred In southern Georgia. J. !>. MAKHURY. (Section Director. COTTON.8EED OIL^MARKET. York Cotton Exchange. New OriesM Bfeck UkUnet. Liverpool Cotton Association •» York Coffes Exihangc |\ew Orleans Board of Trade.|Gslveston Cotton Excbaug* *-4Ml and Lens DliUnctTVlephYn"628*1' D- FAOAN, t.Unejer. New York. Aug. ton sc*nI till was heavy. Near deliveries continue to -Show evidence of snp|iort, and with the small stocks such suMMirt Is couj|>#ratlrely cosy. The illstant deliveries, however, were easy, and the gem»rsl tone wns against values. Deidlne In cotton and estimate of bl^cot- jjst 1^ tiie day iiggregnleff 118) fiarrels. 0<-tolH*r 1.000 nt ey, Reptember 100 at 36*4«'. De- eeinlM*r 1^)60 at 29V4c.—Ware ft Lein ml. Opening. Closing. August 36 6W Hhqiteiulnw 36%2jkS Oetolrer. ........ 32 fid *“ Novemlier Decemltcr 29' January 29! Closed steady. the pay goodJT'market. New York. Aug. 29.—Business wns st s high level In cotton goods generally today, though buyers for export account made strong bids for concessions on fntnre de liveries. In woolens and silks, the prra- pect* for s good fall trad* are distinctly better. c nrrii xz frszn 29*4C3I) 11s Private Wire to Glbert ft Clay. New York, Aug. 29.—Marshall, Spader ft Co.: "Tbe Philadelphia affair la very much more n. matter of sentiment lu Its effect the market than of any real Importance affecting the price movement. The worst appears to ne known, and, IkiiI ns It Is In refliH'tlug a serious financial scan dal. we arc preimnnl to see Its market effect fully discounted this morning." It Is generally acknowledged that stocks have ln»eii distributed to a considerable ex tent, and that Interests who have sold out will l>e Inclined to work for lower prices oil which to bay back stocks. Real Estate Trust Company In hands receiver failed for nlniut fr.ooo.ooo. This In face of present mouey conditions has caused some anxiety. On InvaKtlgnU were iNinght i the best peopl.. A«lvl*e buying Baltimore anil Ohio on this decline for good profits. Think the market will In* supjiorted, sod will finully dUregnril the Philadelphia fail ure. Anywhere around yesterday's low level, think whole list good purchase, especial ly the rails. The New York Financial Buresn saya* I'ufavorable technical deductions of our Tuesday morning’s editorial as regards gen era! bullish aggressiveness. Imt favoring S|H*clnltlcs having beeu Imrue out by the K tlon of the stock market during yester y’s session, the developments presented this morning from Philadelphia and Rus ■In are such as to encourage further bear' Ish operations, although we expect to see the market supported. We think the re actionary tcudeiiclea will In* Imt temporary, and do not liellcve that the fiimlnineutnls will penult a bear mnrket. The money factors now existing will, however, prevent a bull campaign, according to the latest developments. An active market Is prom ised Iq* the division of sentiment, and tlm large prefeslsotinl ami other Interests In th® mnrket. The real estato failure will prob ably hare s g«H*l effect on the stock mnr ket Infer on, liecauae It will tend to re strict real estate operations, Imt It may cripple certain Interest* for the time, nnd the slse of the failure will have a bad effect. The outlook Is for nn mifavorahl# bnnk atntemeut this week, with money rates firming and a big demand from the Interior for the crops. Or courts, relief will Im presented when the time comes, but It Is 10 to 1 that the government will not extend aid to speculation, but only to legitimate Industry. The Interest of the piddle In the market nt this time Is dwindling on account of the Inck of ng- grcsslrenea*. nml It 16 possible n shake out Is Intended. On any good break, w® would not hesitate to buy standard stocks. Private Wire to War# ft Lelnnd. New York, Aug. 29.—Hitch affairs as ram# to light yssterdsy In the bank failure of Philadelphia makes one feel like get ting out or long stocks. Would take ad vantage of firm snots to resllte. I few-Jones' sn.Vjnry: American stocks in London stronger H01 per cent sliove parity. W. J. Bryan arrived from Europe to- Estate Trust Company, of Philadel phia, said to lie about 17.009,000 short. New York Central expects to Itsus new stock this winter for terminal financing. Home itemsimI for stocks In loan crowd. Foreign house* .considerable borrowers of Canadian Pacific. Atchison earnings nearly 8 per cent after paying present dividend on common stock. Thirty-three roads for the thin! week In August show sit average gross Increase of 14.W tier cent. Hanks will lose heavily to the Interior this week, and especially to Han Francisco. indications that tin* gold for present will In* Imported from Australia. Londou settlement proceeding sstlsfacto- 'f’welre Industrials declined 1.1S per cent. Twenty active railroads declined 1 per cent. AT NEW ORLEAN8. turra In Now < Rept. . Oct. . . Nov. . , Dec. . . Jan. . . Feb. . . March. CU»ac<| steady. THE COFFEE MARKET. New York. Aug. 29.—The coffee mnrket renewal of hull siip|Kirt and „ for covering of shorts. There was a good ffee for sale, however, and the Following is the opening range nml close Opening Range. < inry ....6.70 •nary t. 76-6.86 •I* own. xr. I.. .. ...6.85-6.96 May 6.90-6.96 June 7.00 July 7.60 August 6.26-6.40 Hepteinber 6.35 October 6.40-6.46 Xovemlwr 6.45-6,56 DerciulN*r .6.60-6.66 6.65-6.76 6.75-6.80 6,80-6,90 6.90-6.95 6.96-7.00 7.00-7.06 6.30-6.81 6.906.86 6.40-6.46 6.45-6.96 6.55-6.60 cars spring yestsr< lay. Calls for cash wheat yesterday, were more general, there lielng a lietter run of outside milling orders ' * ‘ red sold f. o. b. nt lc No. 2 hard at Reptember price. I>. T. Coon, of Rt. Louis, who la consid ered nn excellent Judge of corn, hnn been Inspecting the corn cron In southern Illi nois by trolley. He wires that much of the corn la late, nml thnt which wna fired recently remains fired. Many of the ears ire standing upright on the stalks, which, te says, would not be the case If they acre filled well, nml In all he does not think thnt hte condition of the corn crop Is good. Private Wire to Glhert ft Clay. Chicago. Aug. 29.—Wheat cables firm. More wet weather northwest Pressure of liquidation over. Market over* In good shape for speculative «.r,ra. ...aI of talk about Increased cori receipts, but tho demand continues excel lent. Contract stocks exhansted. Rears not making much headway. t«*«uit Crl.ii.il 11- 4n n. ,m Longs In oats . .. ... over the pres- Ig deliveries next MnturdHy. A ry large qunntlty of oats thnt arrived if week Is unaccounted for. "We nre sorry to have to report thnt the promf** of n big harvest In tne Canadian west will not be realised," says n sneclnl million of CnmplN*ll ft Mellon Crop Bulletin, of Win nipeg. "The excessive bent has done great dnnnigc to the crop, especially wheat Hi our Canadian west and In North Dako ta." * NORTHWEST CAR& The following figures glv# th* northwest cars today, Inst week and Inst ysar: Last Last Tods?. Week. Year. Minneapolis. . . Duluth. a 20 HAS SO. PACIFIC EARNED DIVIDEND? Robert Good body ft Co., New York, say In reference to the recent dividend of 6 per cent |mr annum on Hontberu Paelflc: "The Houtheru Pacific management stop Informally, that the Ran Fran — jp the stock could In* soon liegun. Yet sud denly this dividend Is announced at 6 per ... .. rery . people who would profit most by the matter have perhaps found th *■“* ‘' " lInncn nvioi hIIoh „ „ # against foreign op- » shown In tin, which broke with the col- jse of the corner which had lieen In ex- enre for some little time. Hpot was of fered nt 40%. Copper firm and unchanged. I .end and spelters steady. SOUTHERN EXCHANGE Oldsst Eatabllshsd Office South. COJTDK— STOCiS—BONOS—GflilH Ground Floor Qould 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 REFER CM CC. THE NEAL. BANK PHONE *4f7. PRUDENTIAL. BLDG cotton! grad?, wiovis/onS.Sto^ks? BONDS, ft. 2 Wall 31., ftftrt BkIM/ij. Atlanta, Ct. Its fork Cation fecks sac. Srw Orltant Cotton lnhango. Urtraaol Cottaa Astailitiaa. hlaata Wlnt te Maw York. Haw Orleaaa, Chleaga. Ball Hhaaa 1262. C Mtage Baari at It ala. CAicjjo Sto<h lifhanae. Sew York Cofftt fichanpa. B. C COTHHAt. Manaatf. Stanford Fhaaa 1 THE MADDORUCKER BANKING COMPANY, with capital, surplus and shareholders’ liability of $900,000.00, solicits ac counts of individuals, firms and corporations. ■ Idle money waiting an investment can draw 31-2 per cent interest in our Savings Department—with drawal any day without notice. Wheat, 1 -8ff 3-8<’ up; 1 -80 lower for corn, and l-4<ff8-8c higher for oat*. Hog product, were ragged at the cloee, Caih transactions were 18 loads of heal " bbh oats. At the seaboard, 28,000 bushel, wheat, 85,000 bushels edrn and 110,000 bushels oats. The markets all closed rather tame. Primary receipts of wheat, 487,000 and corn 577, against 790,000 nnd 864.- 000 bushels, respectively; a year ago. CHICAGO GRAIN MARKST, Calcs go grain sad provisions quotations for todsy follow: _ «... Preelons ,„„„0pen. High. Low. Close. Close. “Fob*-™* BE:::.: It* BE: - .::' Sfc May B2% I'ORK- Rapt... 17.00 Jan 13.0 t LAUD- Rapt... 8.C5 Ort.... 8.72*6 Jan.... 7.86 HIDEB- Rnpt... 8.624 Oct 6.65 Jan..., 7.15 ..... t'ARII WHEAT- Nn. 2 red 72f hard winter 71! 1 li ■' b - ip 78*4 29H 1 30%a ■ 334 74*i 7«4 '48*4 44 444 324 8.67J4 8.65 ?# HP* 8 No. 3 do PRIMARY MOVEMENT. The following figures give the primary movement of wheat and open: Wheat—Receipt a today 987,000 bushels, against 790.000 bushels last yesr; ship ments today 300,000 bushels, against 430,- 000 bushels Inst year. . , . Corn—Receipts tiHlnr 577.000 ’ bushels, against 164,000 bushels Inst year: shipments today 326,000 bushels, against 263,000 bushels last year. LIVERPOOL GRAIN MARKET. Whent—Opened unehnngrd; at 1:30 n. m., *4*’ higher; closed 4c higher. Corn—Ginned unchanged; nt 1:30 p. m., Vic higher to unchanged; closed unchanged to *4c higher. . CHICAGO CAP LOTS. Todav. Tomorrow. Wheat w so Corn 158 217 Gat* ' 172 186 1 ' •- JS'O I W-VSl L. J. ANDERSON A CO/S. DAILY COTTON LETTER New Y’ork, Aug. 29.—'The. Liverpool mar ket was very weak today,.the future mnrket declining 13 to 14 points during the resslon nnd spot sales being 4.000 baled nt a 4lcellne of 16 point*. The Liverpool market I* elesr evidence that the spinners nro jint In need of cptton at tks present time, and with the belief general ns to n. big yield they nrs holding off In the bellof of lower prlem. Crop reiHirts continue to come In of a fa vorable tenor, nnd until there Is some change In this respect It'Is difficult to see how any advance ran be sustained. l*rices In the New York market todnv hare been almost stationary, after opening st s de cline of 6 to 6 points. Shortly after the opening there wns on effort to muss a fur ther break, but at the low level for fh« season—8.76 for October-short covering i dency townnl n 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. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. Frank Hawkins, President. H. 91. Atkinson. V. P. Taomss C. Erwin. Asat. Cashier. Joseph A. McCord. CssMer. R. % W. Dyers. Asst. Cashier. Third National Bank Capital ■ ■ ■ • $200,000.00. Surplus .... $300,000.00. Dr. A. W. Colhoun. H. Y. MeCorq, DIRECTORS! Frank Hawkins, fl. M. Atkinson. Joseph A. McCord.