The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 30, 1906, Image 11

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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