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THE ATLANTA GEORGIAN.
THURSDAY, AUGUST 30,
COTTON AT THE START
WAS STEADY IN TONE
Traders Were Disposed To
Reduce Their Lines in
View of the Com
ing Holidays.
SPOT COTTON MARKET.
Liverpool demand limited.
jteady. Mlddlln '*
000;, American, , „ .
port. 400. Receipts. 3.0fo;
Atlanta—Steady at 9%<*.
New York—Quiet at 9:8<
New Orleans—Steady at 9 5-16c.
Augusta—Steady at 9%e.
Savannah—Quiet at 9l\
St. Loula—Dull at 9‘4e.
Boston—Quiet nt 9.f»e.
Memphis—Quiet nt 9%e.
Baltimore—Nominal nt 944c.
Galveston—Quiet nt 9%c.
Wilmington—Nominal.
Mobile—Nominal at 9c.
Norfolk-Quiet at 144c.
By Private Leased Wire.
New York, Aug. 30.—The undertone of
the Iocs! cotton market nt the outset wan
steady. After the call the list displayed
further steadiness on a little covering.
Most of this was by room traders, who,
while seeing no reason to change their
bearish views, were disposed to reduce their
lines In view of the coming holidays.
The cotton market was quiet nt the open
ing this morning, and about In Hue with
the Liverpool market.
During the morulng hours the trend was
toward a lower level, though the early
fluctuations covered a narrow range, the
market being dull.
After midday commission houses and
shorts were moderate buyers, and with of
ferings light, an advance occurred.
New cotton Is still ou the increase, New
Orleans getting 17S bales, Galveston 5,480,
Mobile 6, Memphis 1, Houston 8,060 and
Augusta 14L
Estimates for tomorrow:
1906. 1905.
Galveston 10,000 to 11,500 7,107
Houston 8,000 to 9.000 9,770
As a result of covering on the approach
of the holidays, a sharp advance occurred
In the afternoon trading, the close being
near the high point of the day.
Weld, Norden ami l*r!ce brokers bought
heavily In the late afternoon.
NEWS AND GOSSIP
OI the Fleecy Staple.
TODAY'S PORT RECEIPTS.
The following table shows receipts «t the
New Orleans . . . .
Galveston
Mobile
Savannah
Charleston
Wilmington
INTERIOR MOVEMENT.
Th« following table abowa receipt, at tha
interior town, todnr 1 “
am (lay laat year:
GIBERT ft CLAY'8
DAILY COTTON LETTER.
•>ew uneans. nag. w.-nfivi cuv«;riujf u/
shorts maintained n steadily advancing mar
ket III Liverpool, but when this process of
liquidation tlnnlly culminated options eased
off considerably and clored easy from 1 to 2
Huts lower tbnn yesterday. Snot quota
tions lost 1 point on sales or 4.000 bales.
The Irregularity of the market Is but
imtiirnl In view of the Impending govern
ment report,
moderate, I
Hcslpiug Interest, .
nates. Current Influences continue to mili
tate against the maintenance of ndvauces,
and when Improvements do occur, ns they
do frequently on the overturning of the
short Interest, the lietter sidling basis thus
created Is esgerly seised upon to put out
uew Hues of snort commitments. New cot
ton continues to move freely In Texas, and
the week, with Its clear, dry weather, has
caused picking to progress Ht a very rapid
rate. (Jins Are running full time nnd over,
and soon the weight of the movement will
become apparent In Its lnflncuco upon
view or me impending govern-
rt, and the range of prices, while
Is probably Increased uy the
nterest, which largely predotnl-
prlces. Insect Injury hits Ihmmi the cause of
damage b‘ the west, while the uneven dis
tribution of moisture from the central and,
eastern sections of the la*lt has constituted
the greater portion of complaints, but, tak
ing the crop ns a whole, ss Indicated by our
own advices today, the deterioration has
1kh*u no more than usual nt this time of the
year, and on nil sides farmers appear more
than satisfied with existing prospects,
WARE aTeLAND’S DAILY
COTTON LETTER
New Orleans, Aup. ».-T«la^ cotton
Private Wire to GIbert & Clay.
New York. Aug. 30.—Liverpool opened
* * - “icted.
very aoft nnd will
Liverpool Is'buying oud Weld Is s seller
on the advance.
Carpenter, Hnggot & Co. are the priori-
pnl sellers.
Weld nnd Mitchell continue their pres
sure on the market.
Mitchell offering 5,000 May 9.32c nnd 5,000
Deccnilier nt 9c.
Dick Bros. Se Co: any: “We cannot con
shier the market In a strong position, even
on the basis of 9c for January. Technically
the market Is fur from strong In spite of
overwhelming bearishness of sentiment. The
reason Is that even the most bearish In
terests keen feeling for the temporary bot
tom. We favor sales on good rallies. ’
The Commercial hears n rumor that there
will be a new strong firm In local market
after Oct. 1.
The Journal of Commerce says: “The
icnrclty of cotton goods In nil Hues liner
than print elpths lu first hands has become
acute to the (mint where sellers nnd buj
era nre being annoyed. No forethought I
buying could have provided against the
great demand which has coine forward for
some lines, nnd buyers have l»eeu active In
the past week or ten days, duplicating or
ders. ouly to And that deliveries cannot lie
given ns quickly ns they would like. This
hss led to a close combing of all sources
of supply nnd the use of many lines hith
erto neglected.”
New Orlcaus. Atig. 30.—Liverpool 3 to 4
up Is slightly better than expected; atxnit
3 tin was due.
The weaker shorts have freely covered.
Market easier on spot people selling nnd
local hammering.
New York wires: “Some disposition to
cover today. If It continues may go high-
but have no faith !u It.”
Private Wire to Wars & Lelond.
New York. Aug. 30.—Liverpool futures
opened steady and unchanged on near, 1
up on late, nt 12:15 1 to 3 up; quiet but
steady. Snles, 4,000 spots: 1 down. Futures
were due to come 2 to 3 up.
We can see nothing at all In this market
this morning to buy cotton on. Buying
power Is coming from shorts almost on
tlrely and evening up process over the hoi
Idays ny the local crowd on every rally.
There is considerable cotton sold for the
South. Think market must work to ti low
er level, and advise snles on any little
illy.
Mitchell and other brokers selling cotton,
the market has no friends nnd traders
back sway from offerings.
New Orleans, Aug. 30.—Cables were due
about 2 up ou both American markets and
therefore up to noon were about as ex-
pitted. Spots continue In limited demand.
Futures nre easy. The market Is not able
to nboorh any amount or offerlnga. The
bulla do not seem willing to furnlib the
support necessary to bring about a mate-
rial advance, although the shorts fenr ma
nipulation In Liverpool over the holidays
more than the longs do.
At times It showed steadiness In rather •
marked degree, but this was entirely due to
covering by shorts, who were not desirous
of carrying their commitments over the
three holidays which follow the dosing of
the market tomorrow. Bulls were not at all
aggressive except for a short time soon nr-
ter the opening, when they made u per
fectly open attempt to run In shorts, rhe
slxe of the short Interest In the market,
however, did not admit of extensive manip
ulation. atul the buylug wns soon over.
Liverpool was good enough for some time
e rcvloua to the opening of the local mnrket,
ut fell off Just before the opening here,
which caused Initial prices to snow a slight
loss from the level of yesterday a closing.
The wentber mop wns all that could be de
sired nnd the telegrams from country were
lens pessimistic than they have been. For
eign exchange was unsettled snd weak and
there were no new developments In the sit
uation to warrant nn advance. That the
manipulators could not get prices higher,
•poke volumes against tb * * “ *“
unwieldy short Interest.
THE METAL MARKET.
•rmer at He advance In spot and nearby
deliveries.
Other commodities were doll and un
changed.
BEARS EXPECT
A HEAVY CROP
New York, Aug. 30,—The.Huo says: Again
the market wns weak early because of
much cotton. Columps might be written,
too, on the subject nnd it would come to
this and uothlng more. Cotton Is pouring
Into the Southern ports, “•*
ore favrable. the belief Is _ .....
next government,report win hold out hopes
of one of the biggest yields on record, nnd,
to cap the cllnmx, Liverpool, which had ap
parently been favoring the bulls somewhat
of late, suddenly broke badly. Bullish ar
guments were of no avail. A new statisti
cian stated the general condition of the
r»lnnt at 79.2 per cent, but It had no effect
The Georgia crop Is looking better, and, al
though deterioration Is ro|K>rtod in Lousl-
nun nnd Arkansas, that Is nothing uuusnal
during August, it Is believed that It Is
greater than In some of the l»est years __
record. Meantime room traders Jin m me red
the mnrket, snd If the ball lender gave any
support Its effect w«s not clearly percepti
ble. Whether the market can still bo sold
short with Impunity for any great length of
time remains to be seen. The universality
of the bearish sentiment seems nt tho mo-
meat about the only thing oil which n bull
enn count to bring about n rally. In other
words, everybody Is n la*ar nnd In such cir
cumstances the iiear side is very ant to be
overdone. A rally, however. In such condi
tions would probably prove to be only tern-
pornry. The Houth and spot Interests wero
selling, nnd most of the buying wns simply
to cover shorts. Yet the covering late In
the day was so active thst much or the loss
New Orleans, Aug. 30.—The Tlmes-Demo-
rnt says: Tenacity of purpose rather than
.rnde demand checked a logical tendency
toward lower prices, ami yesterday's cotton
msrkct, while distinctly favoring the bosr,
might have l»een worse from the els-At-
Ic bulls' viewpoint than the Anal fig-
Indicated. Beyond the shadow of a
doubt, the talent Is trading on the drift ot
age sel
* Houtl
cot tor
... 3 everj
accustomed ns bo la to 10 nnd 11 cents, can
tot easily resist the temptation to regard
of ton after every slump ss cheap at the
price. On the other baud, some very posi
tive nnd telling price views are pretty sure
to come from the farms long before the
spinners are given n chance to fill their re
quirements under the 9-cent mark. In the
event nothing happens to the world s trade
In manufactured goods. In the Interim ex
isting sentiment will probably uudorgo no
" Vhc * No w *0 r (on n s and the New York cot
ton exchanges will remain closed llatnrdny
and Monday, Bepteinber 1 aud 3.-GIbert A
Clay. _
L. J. ANDERSON A CO/S *
DAILY COTTON LETTER
New York. Aug. 30.-The reactionists were
again In evidence this morning In the face
of a weak Liverpool, and prices were bid
up right after the opening for about 7
points, but the weight of favorable crop
reports wns too much for them. They had
to turn loose, Cotton reenwd to be of
fered from everywhere. Thousands of boles
were banded out and the bulls ngnlu sougV*
cover. Prices Bagged off to 8.94c for D
ceuiber, where they bolted onsome large
buying for large account. Tbl» buying
steadied the market nnd prices regained n
part of the day’a losa. Thla state of af
fairs cannot laat much longer; a aubatnntlal
movement one way or the other must bo
made nt nu early date. For the time It
would seem most favorable for a fair ml-
Iv. The short Interest Is large, nnd about
all that is possible has l*eu done on the
bear able for the time brine. It Is probable
that the big operators will favor a rally
between now and the government reports,
about Rept. 8. as those reports are expected
bearish and a better selling basis Is de
sired.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper
Atlantic Coast Mnc
American Hugnr Ref
Anaconda
American Locomotive
do. preferred
American Kuieltliig Ref
do. preferred
Atchison
do. preferred. i
American Cotton Oil
Am. Car Foundry
Baltimore fc Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago Sc Northwest'll
Chesapeake & Ohio
Colorado Fuel & Iron
Central Leather
do. prefer ml
Chicago Sc Great W ....
Chicago. Mil. nnd Ht. P %
Delaware Sc Hudson
Distiller's Securities
Erie
do. preferred
General I-Rectrlc
Illinois Central.'
American ice Securities
Jioulxvllle A Nashville
Mexican Central .*.
Missouri Pacific.
Total sales today 1,328,000 shares.
118H
75%
176%
62%
77*
168
17.1%
79*4
148%
*88
NAME OF STOCK.
109% N. Y.. Out. Sc Western
144 National Lead
139% Northern Pacific
279% New York Central..,
72% Norfolk & Western.r
112 Pennsylvania
15744 People's fins
116% Pressed Steel Car....
1074* do. preferred.,.
101 Pacific Mali
32 Reading
f Republic Steel
Rock Island
do. preferred
I* n I ted States Ruhbc
212% do. preferred
65% Southern Pacific
56% Southern Railway
39% do. preferred
101% Sloss-ShelTleld
18% Teun. Coni A Iron
Texas Sc Pacific
218% t'nloii Pacific ,....
63% United States Steel
46% do. preferred
77% Ya.-Car. Chemical
166 do. preferred
17344 Western Union
79% Wabash
143% do. preform!
21 Wisconsin Central
9744 do. preferred
STOCKS WERE HIGHER
THROUGH FIRST HOUR
91%
8%
NEW YORK/
tures In New '
Oct. .
Nov. ,
Doc. ,
Jnn. ,
8.00 8.00 8.65 8. 1-69
Closed very steady.
LIVERPOOL.
Futures opened quiet nnd steady.
Opening Previous
Range. Close. Close.
5.10 5.07 5.09-5.10
5.01-6.03 5.00 5.01
4.92- 4.93 4.90-4.91 4.92
4.90-4.92 4.90 4.89-4.90
4:90-4.92 4.90 4.89-4.90
4.91 4.91-4.92 4.90-491
4.93- 4.95 4.93 4.9
4.94- 4.96 4.96 4.9
4.98-4.99 4.97 4.95-4.96
5.00 4.98-4.99 4.97
August. ...
Aug.-Sept. . •
Sept.-Oct. . •
Oct.-Nov. . •
Nov.-Dec. . •
I)ec.-Jnu. . •
Jsn.-FVb. . .
Feb.-Mnrch. .
March-Aprtl. ,
April-Mny, .
Closed easy.
NEW ORLEANS.
tures In New Orleans todsy:
Sept | 9.021 9.021 9.02] 9.02] 9.10J-14
NOTES ON GRAIN
Pointer, on Provl.loni.
Prlrate Wire to GIbert * Clsr-
Chicago, Aug. 80.—Provisions opened
steady to strong on good local buying. Good
cash demand reported over night, mid local
crowd went home short. They are cover!—
this morning, nnd there Is some buylug
the January option for Investment.
Oats o|>cne<l steady. Cash houses buying
December. Trade light.
Think profits should b« taken on pro
visions on all hard spots.
Time for de
livery 8:35 to 9:15. As Monday Is holiday,
nil stuff tnken mast be carried till the fol
lowing Tuesday.
Record-Herald: Elevator people nre pre
dicting deliveries of 6,000,00<> to 6,000,000
bushels of whent Saturday. A large part
of the long Interests has been eliminated
by the recent 15c decline nnd by the large
of wheat will be taken In and paid for by
commission houses for the account of mis
cellaneous consumers.
Board of trade members will vote on
Wednesday next on the proposition to
change the commission rule back to where
It wns liefore Man'll 1. Friends of the
measure assert that it will carry.
Trirate Wire to Ware A Inland.
Wheat mnrket shows effects of September
liquidation. F'.xpect more of It, which
*»onld give us lower mnrket.
Whent opens weak and market seems to
have lots of September on It.
Chicago Inter-Ocean: Cash wheat was
relatively a shade firmer, new No. 2 red
being quoted nt 101%c over September f. o.
L. nnil No. 2 hard September price to %c
over.
There wns n fair milling demand for ear
.Jta, but little Inquiry for round lots. Ac
ceptances were light. No export sales were
reported by local houses, the demand being
poor, with limits too low to work any busi
ness, the best bids being %01c out of line.
There does not seem to be any new buy
ing. The crowd here are nfrnhl they will
hare big bunch wheat laying around on
Tuesday next nnd do not want stock up In
face of deliveries nnd large receipts.
Corn mnrket easy with Septemlier more
pressing than older months. Demand very
imor.
September oats dragging with difference
l%e. or the widest yet from December
price. Trade small nnd mainly of the
changing sort, Hoptemlier and Dccemtier.
Provisions fairly steady. Receipts hogs
nt western points 9,009 heavier tluin same
day Inst * *“““
crating
Cudahy Packing <’01
nnd ribs,
quiet.
Cnsh corn lu Chicago was In fair demand,
„'Jth prices %©%»• hf *
larger than any day
A brisk demand ... . ....
from the east. Prices were *40%c higher.
I.oral sales were 105,003 bushels wheat. In
cluding 75.000 No. 1 red, 135,000 com snd
280.000 oats. The sent surd reported 144,000
wheat. 60,000corn and 80,000 oats for export.
Tho wheat wns given Its chance for the
news from the northwest yesterday,
sages galore being received from that
tlou with tone of the advices ranging from
the durkest pessimism to buoyant optlmtsm.
Ou the theory thst where there was mi
much smoke there must be some Are. trad
era were Inclined to pines some reliance In
the Stories of crop Injury snd there was
some buying early on the atrengtb of those
reports. One of the lieat buyers of Decent-
l»er enrly wns understood to hare received
authentic reports regarding tho serious out
look of the Cnnndlnu whent harvest advices
emanating from the lending Montreal firm
claiming that the full extent of tho Injury
to crops hnd not been realised.
WEATHER EIRE!
CABLES LOWER
Opened Wheat Weak and Lower.
Professional, Heavy, Sellers
for First Half Hour.
CHICAGO CAR LOTS.
Whist. 1
'orn..
Oats.. .
Hogs.. .
Today. Tomorrow.
•3 79
317 314
1*6 210
.. 18000 11000
GIBERT & CLAY
I* K. ALABAMA IT.
STOCK*. “SIPS’
COTTON. GRAIN.
COFFEE. PROVISION*
ATLANTA, OA.
N«r York Stock Blch.nc.lK.w MmCjIIm
tSk.cSS l£KSR|.v£ Or r |«“ Baird .1 Tr.!.Ju.l«stOD Cot... Bschsaf*
Loci and Long Distant. t'.lophono*6298. Vf. R. FAGAN. Marwnor.
ALONZO RICHARDSON & CO
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
■»
OBMER ATLANTAN
ABJUTANT GENERAL
The friends of Colonel J. C. Boyd,
of Qreenvllle, 8. C„ formerly of At
lanta. will .be pleased to learn ot his
nomination aa adjutant and Inspector
general for 8outh Carolina at the re
cent state primary. It waa a splendid
victory for Colonel Boyd, aa he not
only received an overwhelmln, major
ity, but carried hla opponent's home
county.
This Is a well deserved compliment
from the cltlsens of South Carolina
to Colonel Boyd, who has Ion, been
Identified In.the stats militia, and as
one of the most profresstv* men of
the state.
Colonel Boyd Is a brother of Mrs. K.
V. Wyatt and Captain V. H. Boyd, of
this city, and was at one time In busi
ness here In the firm of Boyd ft Brum
by. He Is well known to aU tha older
residents of Atlanta.
COUNTY DEMOCRATS
NAME KRY CHAIRMAN
Special to The tleordoa.
Columbus. Oa., Au*. 80.—J. B. Kry
was elected chairman of tha Demo
cratic executive committee of the
county over L, T. Bowden by a big
majority at a mass meeting today.
By Private Leased Wire.
Chicago, Aug. 30.—The song of the
grain trader was heard In the big pita
on the board of trade. There were
moments of dullness and the day's
business was not to the liking of the
brokers. The northwest longs were
again picking out the poorest thrashing
returns and sending them broadcast In
order to Influence values, without a
great deal of success.
Closing prices showed wheat 3-8@
l-2c lower.
Corn was unchanged to l-4@3>8c
lower.
Oats 1-8<3>3-8c higher.
Provisions unsettled, but mainly
^Cash sales here were 48,000 bushels
wheat, 145,000 bushels com and 165,-
000 bushels oats. . .
The seaboard reported 10 loads
wheat, S loads com and 10,000 bushels
Primary receipts of wheat 456,000
agalnat 873,000 a year ago: corn re
ceipts 391,000, agalnat 676,000 bushels
laat year. L , . .
Clearances 464,000 bushels wheat,
28,000 bushels com and 700 bushels
oats.
CHICAGO GRAIN MARKET.
Din*. . . 74
May . 77%
CORN- _
Sep . . 48%
Dec . . 44%
May . . 44%
Jan. . .13.40
LAUD—
Hep . . 8.67%
Oct . . 8.90
Jan. . . 7.92%
SIDES—
Sep . . 8.70
Oct . . 8.63 8.72%
Jnn. .. 7.17% 7.22%
I ASI! WHEAT-
NORTHWEST CARa
Dee.
Jnn. .
Fell. .
II
9.00-01
9.07-08
9.11-13
Closed steady.
NEWS FROM CROP.
Weather In Belt.
PRIMARY MOVEMENT.
movement of wheat nnd corn.
Wheat—Receipts today 455,000 bushels
against 873.000 bushels last year. Shipments
today 347,000 bushels against 912,000 bushels
last year.
tot lay 391,000 bushels
bushels last year. Shipments
todsy 289.000 bushels agalnat 874,000 bushels
last year.
New York, Aug. 30.—The Journal of Com
meree says of Indian Territory: Compared
with last month, cotton shows general de
terioration, but conditions probably better
tbnn year ago. Plant lias taken on large
growth. Is healthy nnd In many Instances
reported fruiting well. Boll worms serious
ly complained of.
Some paper says of Oklahoma: Deterlora
tlon. If any, has been slight since last
port. Fears that large growth will be nt
the expense of maturity. Season fully two
or three weeks late. Reports generally op
timistic. I^irge, strong weed with good
fruit aud well cnltlvated.
Of Texas: Excessive moisture Is responsl
hie for practically nil complaints, which
are almost' universal, cnrylng from utter
rulh to slight or only prospective. Dnmhge
since the middle of Angust; the weather
has been favorable to the rapid develop
ment of the I mil weevil and worms, nud
hardly without exception their presence
has Inspired reports of great damage.
The mnp Is again very good. Clear nnd
dry In Texas nnd thp hnlnnre of the west
ern ls»lt. Fairly heavy rains have fallen
lu Georgia, Alabninn, Tennessee nud the
enrollnns, where they are not, necessarily
hnrmfut. The continued clear weather In
Texas Is reassuring, niul should silence for
a while reports of weevil damage.
The eastern forecast Indicates fair weath
r for Alabama nnd east Florida tonight
nd tomorrow; hnlnnre showers nnd unset
tled weather.
The western forecast Indicates fair to
night nnd partly cloudy tomorrow for Ter
ritories and Texan; balance generally fair
tonight nml Friday.
THE COFFEE MARKET.
New York. Aug. 30.—The coffin* mnrket
opened barely steady at n decline of 6 to
15 points In res|M)use to renewed liquida
tion and lower Fhiropenn rabies. Trading
wns modrratelr active during the forenoon,
nud prices held around the Initial figures
on account of * ‘ "
■“*•"» support ...vr. WU.VH
»rlM*d the offerings quite promptly and
rented a further break In prices. There
Ojtenlng
Range. (
Anri
May
June ...
July
August
September ... .
Octolier .
Novemlier
December
Closed steady.
6.65-6.60
6.60-6.65
. 6.65 6.70-6.75
. 6.65-6.78 6.75-6.80
. 6.75 6.8041.85
. 6.90-4.90 6.85-6.90
.1.86-6.90 6.90-4.96
. 6.20 6.20-6.25
. 6.25 6.36 6.33-6.35
. 6.30 * 6.30-6.35
. 6.35-6.45 6.35 6.45
. 6.4a 6.45 6.50
SOUTHERN EXCHANGE
Oldut Eatabll.hed Office South.
COHO!—STOCKS—BOIIOS—DRAIN
Ground Floor Gould Building. Dally
market letter nnd market manunl
mailed on application.
LIVERPOOL GRAIN MARKET.
Wheat opened % lower; 1:30 p. m.,
lower; closed % lower.
Corn opened unchanged; 1:30 n. m.,
higher; closed unchanged to %4>'£her.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, 6RAIN
Correspondent’s Capital $250,000
KEFEaCNCe. THE NEAL BANK
PHONE I4IT. PRUDENTIAL BLOC
cottoivgIiah?, Provisions,StocksPbonds,
go. 1 Wall SI., Film Balldlag, Alltnla, Co.
MIMUKS:
ffnr for* Cotton SAbange. Chicago Board of Trado.
Hew Orleaaa Colton tachango. Chicago Slock tachaago.
Lherpoot Cotton Atiociatlo*. Hew York Coffee hchango.
Private Wires to Hew York, Hew Orleans, Chicago. B. C COTHBAH, Manager.
Bell Pboae 1242. Standard rhano 2
TIPS FLASHED
From Wall Street
Private Wire to GIbert St flay.
believed‘before the opening yesterday
that liy reason of tho steady movement of
money to the Interior the expectnth
practically all o|H>rators of the strength of
those who have the market in hand. The
Is of course more or less apprehension i
carding the money market, hut operators
have come to lielleve that the strength of
the Interests who nre mnmiglng this cam
pnlgn Is so great that the momentary comil
lions will not have n more potent effect
upon the stock market than to cause reac
tions of it few poluts from time to time.
The belief Is still apparently strong that lu
due time a considerable amount of gold will
he ImiHtrtei!.
f.ookH like hull market, hut would buy
them only ou weak spots.
We expert nil active market today, with
rising teiideneles, especially In rails.
Steel preferred should he a purchase,
seems to Ik* about the cheapest slock ou
list.
Banks have lost $4,058,000 through sub-
treasury o|M>rntlons since Friday.
The New York Financial Bureau says:
1-atest developments show two things con
clusively, that the hull banking element Is
In absolute control of the stock market nud
that It has not succeeded lu distributing
any nmouut of stocks. It will not suffer
a serious permanent decline until the latter
end shall he accomplished. As It has prac
tically all the stocks we nre simply forced
to the conclusion that It Is playing a game
of bluff or else really has engaged large
amounts of gold liraond and has definite ns-
surnnees of treasury relief. We see ilo rea
son for changing our neutral position, how
ever, nnd with the exception of specialties
we would strictly observe trading rules of
sidling on rallies and buying on declines.
But we look for s(H*clnlty improvement, as
stated for the Inst two days. It seems
determination is stronger than ever to keep
public interest. This can menu only one
thing eventually, ami that la that the level
will nt least lie maintained to he raised
Inter when the situation Is propitious for
distribution. The news this morning Is not
of great mportunce, hut the Philadelphia
trouble items to us to have subsided to n
gri*nt extent nnd Is at least belittled liy
the rise in the 1’hllndelphln stocks, so
called. The market ns a whole Is now ap
proaching the high levels or limits again,
am! professionals will, on Its reaching them,
■ell for a turw with small stops.
LIVE 8TOCK MARKET.
By Private Leased Wire.
Chicago. Aug. 30.—Dogs: Estimated re-
««*lpts today, 18,000. Market 5c lower; qual
ity fair; left over. 13.195: hulk. $5.70*6.20;
estimated for tomorrow, 15,000; light. $5.N5f#
6.35; mixed. $6.76*6.35; heavy. $5.25*0.20;
rough, $5.25*5.60; pigs. $5.20*6.15; yoikers.
*1.40*6.46; good to cholre heavy. $6.25tff6.35.
Cattle—Estimated receipts, 10,000. Mnrket
.Icady: quality fair: beeves, $3.85«6.85:
cows, $1,355(4.30; heifers, $2.25ft5.50: calves,
$5.50tf7.50; good prime steers. $5.4034.85:
poor to medium. $3.90*75.30; Stockers nud
feeders, $2.3004.25.
Sheep—Estimated receipts. 18.000. Mnrket
stendy; quality fair; native, $3.1605.60:
.restern. $ 3.254(5.60; yenrlliij
lambs, $4.60©7.(B
'U
.6006.25;
THE MADDOX°RUCKER
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.
Impressive Buying in Many
Issues Partly Offset What
Was Considered Very
Good Selling.
fly Private Leased Wire.
New York, Aug. 33.—Both In the curb
London dealings nnd nt the opening here
yesterday's violent speculative demonstra
tion was followed with a further upturn of
prices. Gains of %01 point were made
In London, and even the Inter advance#
were recorded within the first few mtnntea
of the trading here. It seemed, however,
to all ordlunryobaervntlon thntun effort hna
been made to open prices ns high ns possi
ble for the purpose of affording a wider
margin for profit taking. At all events the
high levels of the day were made In the
first quarter hour, when Great Northern
preferred sold up 6 (mints. Union 1'ncltlc
1%. Baltimore and Ohio 2, Rending %, nnd
1'onusylvhnln 2 |htints.
Heavy profit taking set In nml then from
then ou for the rest of the morning the
market slowly fell nvrny. The principal
cheek on speculative operations was the
advance In call money to 7 per cent. While
this had Iteen more or less reckoned In
view of the payments nt the first of the
plus reran*-. ..
Iii the stoek mnrket opening prices sin
ed genera! advances. Norfolk and Westi
1 per cent. Heading up %. Norther
%. Erie %. Brooklyn Rapid Ti
Pa-
..
ami Colorado Fuel %, Ht. Paul .
3.030 shares at au advance of 1%. Southern
Pacific wns up %. Grent Northern pre
ferred opened nt a gain of 4% points, ad
vanced a point further/!hen lost 4 points.
The market ruled active nud generally
higher through the first hour, with Im
pressive buying In ninny Issue*, offset pmt-
iy by what was considered very good sell
ing at the same time. The JII11 and Ilnr-
tlrann stocks nml Chrunpcnko and Ohio
were the most active In the trading.
IiOtidon waa again a fairly large buyer
ntbltrngo purchases In the first hour, being
estimated nt 40,000 shares. -The extreme
chtngcx wore generally made at or Just
after the opening. In the last few min
ute* the good buying nml selling wns ul-
moat equally balanced, hut the supply of
stock* gave traders confidence in opera
tions on the l*car side, ami they were
roc sellers nil around the room, causing
uothcr reaction at the end of the first
hour.
Government Imnda were unchanged. Oth
er I>onds steady.
LONDON 8TOCK MARKET.
STOCK—
Anaconda
Atchison
Canadian Pacific
('hi.. MU. Sc Ht. Paul
Erie ..
Illinois Central
Southern Pacific ...
Union Pacific
United States Steel
do preferred
|2 pmlcioslcios
179% 17K% 171%
176%'176%I175
47% 46% 46%
174% 175% 174%
149% 150% 14%
144% 143% 141
142% 142%, 14')
140% 1?,S% 135
91% 91% 90%
18S%liW% !•»%
.1 ("%' 46
COTTON SEED OIL MARKET.
New York, Aug. 30.—Mnrket for cotton
seed oil whs fairly active nud lower. There
was quite liberal selling of Hep torn her and
prices weakened under there offerings. The
demand was rather scattered, nml while
there Is considerably confidence In the near
deliveries on account of the small stocks,
the trade does not appear to he willing to
buy a great deal, Influenced by the discount
on the forward deliveries nnd the liberal
estimates on the cotton crop. Aside from
some evidence of manipulation In the m-nr*
by deliveries, the trade npimgra to he lim
ited by the demand nnd supply of actual
oil. Prices at the close were unchanged to
'4c lower. Hales for the day amounted to
3.000 barrels; Angust 100 nt 36c, Heptember
1.200 nt 86%c, 500 at 36c; October l.noo at
32%c. and Picciuber 200 at 29%e.—Ware A:
I .eland. •
Opening
Keptemlier 35%036‘,
Octolier. I ~
Novemltey. ......
Deceinlier. ......
January
March.
('lured steady.
PRICE CURRENT CROP REPORT.
jys .. - I4
wheat nt present prices.’ Corn continue* in
flue promise. I^irge acreage winter wheat
Indicated. Good pasturage saxlng hay and
ints. Packing 420,000 against 34G.0CW Inst
year.
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire {Quitting 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.
A
A WANT AD
IN THE GEORGIAN
M 5
HUBBARD BROS & CO., Sis
Atlanta Office., 219-221 Century Building.
Members Now 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. Corrcspdndence invited.
Phonea 454, Long Distance 39. A.S. Hustace. Mgr.
3i % Compound Interest
I. the rat. your mon.y will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
Vou are Invited to call and Inspect our quarters and Invastlgata
our facilities to serve you. A hearty welcome await, you at thla
bank.
A8A 0. CANDLER, President.
W. H. PATTER80N, Vlee-Prcs. A. P. COLES, Cashier.
JOHN S. OWENS, Vlce-Pres. WM. D. OWENS, Asst. Cashier.
t
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Ci.hl.r,
JAMES 8. FLOVO, Aii't Cashier.
Capital $500,000.0#
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
L
