Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY. AUGUST 31. 1908.
CONDITION REPORTS
FLOODED THE MARKET
All Showed Deterioration,
But Were Without Ma
terial Influence on
Prices.
SPOT COTTON MARKET.
ioI. npot cotton dull, with prices
nlddllng upland* 5.41d: Mies 4,000;
American 3.400; speculation and export 400;
ivcelji
Amcrl<*nn 5,300.
, , quiet nt 9%c.
New York, quiet nt 9.S0c; sales 100 con*
sumption; delivered on contract 500.
New Orleans, quiet at 9 3-16c.
Memphis, quiet nt 9 5*16c.
Augusta, steady nt 9%c.
Sr. l^iuls, dull at 9%c.
Savnnunll. quiet at 9c.
Boston, quiet at 9.80e.
Houston, steady nt 9 3-16c.
Wilmington, nominal.
Mobile, nominal nt 9c.
Charleston, quiet at 9c.
Philadelphia, quiet nt 10.05c.
By Private Leased Wire.
New York, Aug. 31.—The local cot
ton market opened steadier than ex
pected In view of weak cables. A de
nlal of the Galveston News’ estimate
may have exerted some effect on prices
abroad.
Compared with lost season the re
ceipts of cotton In Atlanta show quite
a falling off, the result entirely of the
decrease In the yield In the territory
from which supplies the local market
with the fleecy, the price paid being on
a parity with other interior markets.
For the season of 1905-’06, ended to
day, the local receipts foot 165,239,
against 216,229 last year, a decrease
of 40,990.
Shipments, 164,397, against 216,229
last year.
Stock on hand August 31, 1906, 362,
against 1,063 last year.
The market for futures was uninter
esting today, and was of a holiday
diameter. The Liverpool market open
ed lower than due, but New York did
not fully respond to the decline.
Trade during the morning was dull,
with price changes small.
The market was flooded with condi
tion reports, all of which showed de
terioration. They were without fa
vorable Influence, however, being off
set by cautiousness on the holiday be
ginning after the close today and con
tinuing through till Tuesday morning.
Galveston got 11,229 bales new cot
ton today; New Orleans 276, and
Houston 8,126.
Estimated receipts tomorrow:
1906. 1905.
Galveston 8,000 to 9,000 6,168
Houston 600 to7,000 8,425
Superintendent King, of tin* New lork
ret ton exchange, estimates the crop of 1906-
1906 nt J 1.223,000 bales.
Tin* New York market closed 11(213 points
lower than yesterday, the late trading be-
NEWS AND GOSSIP
Of the Flcocy Staple.
TODAY'S PORT RECEIPTS.
The following table shows receipts at th*
ports today, compared with the same day
last year:
Suvanmill. . . .
Charleston. . . .
Norfolk
Wilmington. . .
INTERIOR MOVEMENT.
The following table shows receipts at th*
Total,
GIBERT A CLAY’8
DAILY COTTON LETTER.
New Orleans. Aug. It—The failure of
options in Liverpool to res(K>nd to the ad*
\ a nee yesterday In the American markets
seems to lie the outcome of n more gen
erally I>earish sentiment prevailing abroad.
Final prices were from W4 points higher
than the previous day’s close; sjuits 2 point*
up; sales 4,600. Whenever the market Is
disposed to hold steady, manipulators seem
to think tlto time propitious to send out
alarming rrports of Insect damngu and
other unfavorable reports concerning the
cron hi Texas. The desired effect Is gen
erally realized, but the reports are soon
proven largely without foundation, and
the temporary improvement shortly lost.
Tin* fallacy of yesterday's rumors were
proven lieyoml n doubt by the new* of a
reliable character from many parts of Tex
as. not only denying some of these re*
[*ort«. but likewise minimising damage
uninteresting than of late, a condition pre
sumably due to the holidays tomorrow uml
Monday, both In the east and here. Con*
slderable evening up of open contracts
caused n slight advance from opening
price*, the short luterest being In the tut*
Jorlty, ami was the only discernible fea*
ture connected with the market.
COTTON SEED OIL MARKET.
New York, Aug. II.—The market for cot*
ton seed oil was very Arm, portlenlarly on
near deliveries, and the scarcity of old oil
Is felt with Increasing strength. It was re
ported that the supply of oil here Is very
small outside of the leading refining Inter*
•**ts. There was good Inquiry for domestic
account, and a fair Inquiry for export, with
reports of sales abroad at quite high levels.
The South was reported as offering very
little new. The market was firm st the
dose with prices %e to le, higher. Hales for
the day aggregated 400 barrels; September
20U at 36e, January 100 at 29%c. and March
100 nt 90c.—Ware * Letand.
September Tt
October,
November
!>eeem!ier
January. ....... .
March .... H9
Hale*, mo October at «Hc and 200 at %%c,
S00 Hepteml>er at 36%c. Closed firm.
Private Wire to Glhert k Clay.
New York, Aug. 31.—Liverpool opened j
4% up. Was due Sfr9 up.
Weld nml Dare Miller principal buyers
on the niKMilng.
Ferule Wilson bidding up May and Ilentz
bidding up March.
Lick Bros. Sc Co. any: While sentiment
is lienrislt for a long pull, some of the pro*
fesslounls are Inclined to play for an up
turn. Speculation Is so smnll. and the mar
ket Is rut narrow that decided price move
ments either way do not seem to be In
the nature of long*.
Journal of Commerce says: “Any large
shipments of goods ter this market for sale
might change the current of prices, hut. In
the opinion of the selling agent*, no such
shipment* are i>o*sihle for some week* to
come, and for tbat^fessnu cotton may cpn*
Untie to go down without affecting values
adversely for nearby good*. The disposition
of southern mill* to dlscomit the future
of cotton by selling heavy goods i
price* nt every op|K>rtunlty Is re
as a safe policy In many w*ya. ...
sure* steady work nt a proflfj and It Is
the point of view t*ken by tne mills ra
gs rdlng the effect It may have upon other
Interests."
Private Wire to Gtbert k Clay.
New York. Ang. 31.—Liverpool futures
opened steady ZH4 up. At 12:15 p. m.. 6
up on August and 2©3 up on balance. Tone
quiet; sales 4.000 spots, 2 up, nt 6.41d.
turcs due 7©8 up.
Cotton opened nlxmt as expected c
bles. Trane light, with commission houses
and local longs Inclined to sell out. Look
for quiet holiday market today.
New Orleans, Aug. 31.—Liverpool ws* due
6% tip on New Orleans and 7%®9 np on
New York. Cables rtre, therefore, very dis
appointing. Spot sales are small, and 11,700
tenders are reported. _
The Journal of Commerce report is liiffl*
isli, but does not show more deterioration
than conservative trader* expected.
The ninrket Is nervous and unsettled.
Longs show some desire to lessen their
commitments, as well as shorts. No new
feutures are developing. Norden says that
the crop has deteriorated 5.19 per cent due
Ing the month,- and conservative bears are
of th ? opinion that the bureau will show a
Bears are
’onlmerce report on condition.
Houston to date has received 106.697 bales
of new cotton, against 62,332 in 1904.
Net stock of cotton In New Orlenns Is
13,303 bnles, ugnlnst 4I.3S0 nt this time list
f ’enr. The amount of cotton on shipboard
s 2,841 bnles, against 2,065 last yenr.
New Orleans, Aug. 31.—Liverpool 304 up
Is disappointing. An advance of 708 points
was due.
Market appears to be floundering along
with no particular disposition, which Is
probably accounted for by the near op-
•roach of the holidays, both here nod In
•few York, on September 1st sud 3d.
Waco, Tex., wires: "Considerable dam
age by weevil, but crop in our territory one-
third better tbnn Inat year."
A Calvert, Hoblnson county, Tex., dls-
pitch says: “Cotton continues to come In,
- * Is iM*lng rapidly marketed here. The
weather now on us is very favorable
to the gathering of the crop, and the farm*
ors nre taking advantage of the eondltloua
nud are disposing of their cotton nt good
prices.”
WARE & LELAND’S DAILY
COTTON LETTER
or liquidating character, and prices juggl
up and down In n confuting manner In con
sequence. Liverpool was In an extremely
bearish mood, and utterly refused to meet
the advance In the Amerienn markets yes
terday. This mused n decline on the Alien
ing here, which, however, wns soon after
ward made up. Later In the day more ad
vance* and declines were seen, hut they
had little rhvnm or reason to them.
The chief feature of the day wns the re
port ou condition by the Giles huronn of
t8.9 against 82 on August 17, 82.7 on August
1, ana 70.5 on September 1. 1906. These fig
ures showed n deterioration of 3.8 per cent
during the month, which was less thnn gen
erally expected. It Is safe to say that the
majority of traders expect the report by
the government to show n loss In condition
of nt lesst 5 per cent. A. Norden '4 Co.
came out with a report showing n loss of
5.19 per cent, which nhout met the popular
Idea. Strangely enough, the Journal of
Commerce report, which wns known before
RANCE OF NEW YORK STOCKS AND COTTON MARKETS
NAM 13 OF STOCK.
Amalgamated Copper....,.,
Atlantic Coast Line ,
American Sugar Itcf
Anaconda
American Locomotive
do, preferred ,
innermi
American Cotton Oil
Am. Car Foundry
Baltimore & Ohio
Brooklyn Rapid Transit
Canadian Pacific..•
Chicago & Nortliwest'n
Chesapeake & Ohio
Colorado Fuel k Iron.
Central Leather
do, preferred
Chicago k Great W’n
Chic., MU. and 8t. V
Delaware Sc
Distiller's Securities
Eric..
do, preferred
General Electric
Illinois Centra!
American Ice Securities
Louisville & Nashville
Mexican Central
Missouri Pacific
i8
Total stock *ales today 683.600
NAME OF STOCK.
.National i.onu............«.......i .....
Northern Pacific | 215
New York Central..... 142%
Norfolk & Western
Pennsylvania
People's Gns
Pressed Steel Car
do. preferred
Pacific Mall
Rending
Republic Steel
Rock Islnud
do. preferred
United States Rubber
do. preferred
Southern Pacific •.
.Southern Railway,
do. preferred
Sloss-Shefflebl
Tenn. Coni k iron
Texas Sc Pacific •
l’nlou Pacific
United States Steel
do. preferred
Ya.-Car. Chemical
do. preferred
Western Unlou
Wabash
do. preferred. i
Wisconsin Central
do. preferred
NEW YORK.
Hont.
Dee.
Jan. .
Feb.
Closed barely
steady.
J£
I in
Mgl? 8.71-78
■M I f .94-95
9.04-Oti
9.11-15
9.21-22
9.2*5-27
9.33-3J
9.42-43
9,01-02
9.09 9.10
9.14*16
9.22-23
NOfES ON GRAIN
Pointers on Provision*.
deterioration might be expected’ from the
government were It not for the fact that
R* correspondents are presumably liable to
color their returns to suit the producer.
Next week the nrnrket will not open until
Tuesday, and It Is probnble that the ring
will l»e quiet until the bureau reports ore
out of the way.
New York, Aug. 31.—Developments today
operated for Iregnlarlty. The news to the
Rrynu speech, etc., had the effect of caus
ing considerable realising. This seemed to
have been well taken, for when money ran
up. na expected, beenuae of the carriage till
Tuesday, the list became strong without
pressure of stock, and gradually rose up to
this writing. It Is evident that the unfavor
able monetary conditions of the Immediate
fntre, including the t>nnk statement, hnve
been discounted. The dullness on declines
shows this. The trading was restricted to
day ou account of the Monday holiday,
which gave excuse for many operators to
leave for a abort vacation. The floor trad
ers had the markets most of the time, hut
whenever shorts attempted to rover, not
mnch stock was forthcoming; neither will It
until the banking Interests desire to sell,
for they control a majority of the floating
supplv. We recommend a continuation of
the neutral trading position, watching for
specialty movements, which la likely to
continue for n time. The best sources of In
formation seem bnllsh, but are conservative,
and plunging would be checked, ns well as
raiding.
New York, Aug. 31.—Our market opened
n slight decline this morning In re
sponse to weaker foreign cables thnn an-
tlelpated. Foreign spinners continue to look
with disfavor on present prices. The big
cron talk has become so universal, head
ed by the south Itself, that consumers of
cotton tielleve their supplies r«n l*e pur
chased at n lower level by waiting nntll th*
crop twins to move freely. Mis* Giles’ re
port today showed a condition of 78.9, which
the trade construed temporarily as mildly
Ixfirlsh. For the life of us, we ran not
see anything bearish In s condition at those
figures with cotton selling at 9c. This la
6 per rent less favorable on 28,000.009 acres
planted than the 12,t00.000-bale year on 31,-
000.000 acre*, or an Indicated yield of 2,-
000,000 bales less, granting that the balance
of the season la as favorable ns It'was In
that year. Old cotton men admit that they
have never seen a season so favorable s*
1904 when cotton was picked np to the
last of January. Is It ren*nnahl* to look
for another season (Ike thatT Then, If we
get It. the Indications are that we will
Hardly have cotton enough to meet the de
mand.
GIBERT & CLAY
STOCKS, BONOS,
IS K, ALABAMA ST, COTTON, GRAIN, ATLANTA OA.
COrFEC, PROVISIONS
MCMDCRSi
Rtv York Stock ExchsngelNew Orlesns Cotton Exchangt.lChlesfO BtArd of Trade.
Sow York Cotton Exchange. New Orlesns Stock Exchanfe.jLIverpool Cotton Association
New York Coffee Excbsnge.|Xew Orleans Board of Trsde.|Galveaton Cotton Exchange
Private Wire* to alt Exchanges.
Local and Lona Dlstanoa Tslaphon* 5298* W# fl. FAGAN. Mananae.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
Seems to bo fair demand for September In
exchange for Deceml>er. New buying out
of the question so far, nml few of the local
shorts anxious to get In.
Legitimate wheat situation Is ..
healthy one, and while we may get some
further weakness today ou siiceuiative con
ditions, think any Much hrenk Is good place
to buy December wheat.
Increasing receipts of corn make the
SeptemlM*r option weak with vorv little
trade In It. You can see the May Is neg
lected. Look for n gradual sagging mar
ket.
Oats opened easy on free selling by Up
dike. Buying mostly by commission bouses.
Wheat rallied In sympathy with north
west markets, where It was expected fur
ther decline would take place. There 1ms
been some covering by local shorts. Ar
mour Just sold nlMiut 300,000 Dcombcr at 74c
through brokers.
Provisions steady, with trade largely In
changing over to Septemlier. llogs nt west
ern points show nlKHit 4,AX) less thsn same
day hinst yenr. Trade light, with stroug
undertone.
Private Wire to Olbert Sc Clay.
Chicago, Aug. 31.—The sealplngelement was
been raiding corn and caused the break.
We consider it very dangerous to remnln
short of Kent cm her corn very long. There
Is only 191,000 bushels contract corn In
store, nml u lending corn Arm. I* considered
» in* very heavily long.
The Chicago Ifecord-Ilernid says: “Ele
vator people were last night very stronglY
of the o|4nlon thnt there would be enough
of Septemlier liquidation to force the Sep*
tembcr-Deccniher difference nearly to the
full cost of carrying the wheat, ns they
figured It on the present Interest rates of
about 4 per cent per bushel. Emphasis was
laid on the fact thnt If the September
owner did not sell his wheat today he
would he unable to deliver out ngnln until
Tuesday, and would have three days’ lasur-
a nee Interest and storage charged up
against him, ns on account of th* holiday
there will be no delivery from Saturday till
Tuesday. J "‘— *- ••* -• - *- —
som* tell
avoid this extra expense.
SHORTS COVERED
OVER HOLIDAYS
New York, Aug. 81.—The Sim says; A ru
mor thnt the Galveston New* 1ms estimated
the crop of Texas at only 3,000,000 bales
against 2,600,000 bales last season had the
effect of causing a sudden advance In the
afternoon, although some Southern dis
patch ch deny that any auch report has been
Issued. The special reports Issued by the
Journal of Commerce, however, and some
private dispatches Indicated that there has
'►eon some deterioration In the Texas condl-
tbermore, a good many were Inclined, apart
from all this, to cover on the ere of the
Labor Day holidays. The New York hx-
change will lie closed on Saturday na well
nn next Monday, which means that an oper
ator short of the market would tie exposed
to the ebances and uncertainties of the rea
son for three days. In view of this fset,
and also because prices hare bad a very re
vere setback during the Inst month, not a
favorable nnd talk to the effect that
It was too hot In Texas seemed a little far
fetched. It was undoubtedly clear nml hot,
the maximum temperatures ill some sections
reaching 100 to 102 degrees, but ns a rule
the heat was no more thnn normal, nnd
weevil.— Glbert k Clay.
New Orleans, Aug. 31.
holidays, some fresh boll wcev..
fairly well defined fear that the government
crop re|M»rt will favor the bulls Induced
rather general covering In a moderate way,
consequently yesterday's cotton market Im
proved to the extent of 50r * bale. There
were no developments warranting opinion
changes, and on the whole bearish rent I-
LIVERPOOL.
Xoll.mlnE tnhlr jrlvp. opening ran** nnd
dose, compared with yesterday’s dosing.
Futures opened steady.
Opening ^
jgaitKt. Glow- Llose.
S&;v. : vgf8 SU.
I AM t.W.M i-M
’ ••£* MB ISl-t.M
tlmtS
I:®!' 5 ' 01 ifi-u*
Get.-Nov. . .
Nov.-Dec. .
Dec.-Jnn.. .
Jan.-Feb.. .
Feb.-March.
Mnrch-April.
April .May.. .
Closed' steady.
NEW ORLEANS.
Closed steady.
1
|
1
Jl
I
'J
II
Get. . , .* .*
Nov
Dec
Jan
VrU
March. . . .
May. . . .
9:11
'n.oi
9.08
"■•a:
9.31
9.11
9.08
9.09
9.18
917
9.31
tt
'*9.00
9.07
'fcic
9.ll|
m
MO
9.6i
».os
9.31
9.04-07
9' V MH
>..*•42
9.01-02
9.C.i-09
9.12-14
9.19-90
9.10-14
9.08- 09
9.08- 10
9.09- 10
9.16-17
1 !
9.26-27
WHEAT FRACTION
HP AHHE START
Foreign Cables Were Better and
Cash Demand Abroad Show
ed Some Improvement.
nr Prlrnt- I-tuted Wire.
OUlrnso. Auk. 31.-WtlMlt w«« n-rrmi,,
with tirin' rhntigm lrr«*al«r nnd nnm-ttleii.
ndlverlen of irh*at will bo i-normoun on
September cnntmrU finturilnr. but the
whent will ko Into Rood hnndn. I'rlcen
wore Ho off to H©Ho blither, f'orn cloned
tnme nnd HCIHc lower. Onto were o« HO
UC nn.1 nrovInKm. were nbou.the-none.
Onnh nniee were 17.000 l.nnhiln ot wheat.
112 000 com and 60,000 bushels of oats nt
Chicago; fire loads of wheat. 40 loads com
and M0.000 hnnheln oat» nt the non I net rd
flenraneen for tbo week were 5.081.000
bnnheln whent, nnd 851.000 bonbeln nfenrn
Primary receipt*—M heat 489,000 bushels,
nnd enrn 621.000 bunheln, ngnltwt 863.000
ml 686,000 bnnheln, renpeetlrelr, n rear
rienrnneen were 27T.200 hnnheln wheat, hr
elndlnjt flour. 4,108 bunheln cprn nnd 6.200
bushels of osts.
CHICAGO GRAIN MARKET,
Chicago grain and provlilons quotations
for today follow^:
Open. I
? ,.p t nEA ' I 7ou W m m m
chit N-
Ee 8 1 S 8 S
WEATHER IN COTTON BELT.
Texas—Tyler clear and warm. Dallas and
Fort Worth partly cloudy and pleasant.
Houston partly cloudy and cool. Temple
partly cloudy. San Antonio partly cloudy
nml warn*. Pisco clear.
AlalMtmn—Mobile. Selina, Opelika and
Montgomery clear and hot. Huntsville clear
nnd cool.
Mississippi—New Albany, Tupelo and Am-
WEATHER IN WHEAT BELT.
Extreme Northwest—Partly cloudy; 36 to
61 al»ove.
Northwest—Partly cloudy; 50 to 00 above;
showers In Rapid Pity.
West sud Southwest—Generally cloudy;
tip to 70 above; heavy ruin In Dodge City
V/EATHER FORECAST.
Georgia, Lmlslann, Mississippi, Alabama,
Yesl Florida nnd East Texas-Fair Fri-
dlinol*. Indiana. Missouri, (own. Knn-aa.
Nebraska. North Dakota. South Dak *r.i nml
Montana—Shower* tonight and Samr l.iv
Minnmota—Fofr sml warmer tonight: Sat
urday partly cloudy; possibly shoH.rs in
vest portion.
Wfscousls—Fair and warmer.
8.M
OcL.. 8.87H 8.87V4
Jan.... 7.95 7.9TH
SIDES—
Sept... 8.82V4 8.85
Oct 8.75 8.75
Jnn.... 7.25 7.25
PASH WHEAT— '
8.77%
8.72
7.25
8.77% 8.80
!:I VM
PRIMAKY MOVEMENT.
Th- follawlHK lUruri'. nlvn thn prhnnrj
nim-pmcnt of wheat nn.1 corn twlny:
Whent-lltwlptn 483,ono hunb-ln, «Knln«t
SfiO.OM hn.liet. Jnnt rar; rtlpiuenrt STf.ooo
hu.hi l., rntnln.l 470.mn bu.hrl, l««t yrnr.
r.»rn—Benelpt. 521.000 Imiliel., nmlin
OM.O'IO hu.hrls In.t venr; ahlnmentn 461.0
liunbeli, nvnln.t 513,000 bunheln Inat year.
NORTHWEST CARS.
CHICAGO CAR LOTS.
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat—Opened He lower: nt 1:M p. m.. H
eHu lower; cloned nnchnnKe<l.
Torn—Oiwn«l nnehanrfi'd: ot l:>n p. n,..
nnchnoietl to He lower; cloned onchnnKcd
to He biwer.
THE SUGAR MARKET.
By Private Leaned Wire. -
New York. Aur. Jl.-Ixwnl reflned nnd
raw nnirnr ati-ncly ond nocbnnire<l. lam-
•Ion Iicetn aiemly; Auguit nml Itepteiuber
9n 6Hd.
LIVE STOCK MARKET.
By Private Leaadd Wire.
I'UIcnK". An*. 31—ll(Htn—K.llmalcl re-
celptn Veiny U.000. Market seifk- hlKhcr:
quality fnlr; left over 6.527: hoik |S.«64««.JO;
iwtlmatcl for tomorrow O.OOO; Unht tctiO.le:
mixed I5.866f0.45: henry 36.tOCO.ln; nHinh
»,404,5.65: Tie. ».40W.»; ymCern 30.6060.45;
Ko»e! to choice heavy $0.3566.45.
1st: helfem 3-'.25«5.?»: calven 36.5067.60;
NEWS FROM CROP.
Weather In Belt.
Private Wire to Glhert k City.
New York, Aug. 31.—The Journal of Pom
merciTa condition report today Is 77.6, com
pared with 81.7 last month. Texas declines
7.8 points, that state condition being 77.4
ngnfnst 86.2. Exeesslve moisture caused de
terloratlon. Plant generally large at the
expense of frultnge, but many rejKirt good
fruitage. Weed Is strong and cultivation Is
good. I^nlior scarce. Few Insects except
weevil nud boll worms In Texas; season one
to throe weeks late; bottom lauds suffered
some by floods; shedding nnd rust most
complained of In l.oulalana and Arkansas.
It makes the decline In condition 4.1, com
pared with a decline of 3 points In same
months In 1906, 7 points In 1904. nnd In 1903
an Increase of 2.9. The condition Is report
ed nt 77.6 against 72.4 September 1, 1906, nud
77.4 In 1904. The weather has been generally
unfavorable, but the plant wns In excellent
condition to withstand It.
The following ts the condition by states
compared with last month:
States. """*
North Carolina. .
South Parollua. .
Florida
Alabama
Mississippi. ....
IjOuIsIuiis
Texas
Arkansas
Tennessee
Missouri
Indian Territory.
Oklahoma
ISeptember
ilPi
71.0
77.5
•0.2
80.0
77.4
83.2
87.0
92.0
78.8
90.7
76.3
71.4
81.0
87.1
86.6
83.6
90.6
86.9
89.6
The mnp Is again very favorable; light
belt, but the Italnnce Is partly cloudy and
dry, and Indication* which, with a very
poor Liverpool, should cause lower prices.
The western forecast Indicates Increasing
cloudiness throughout, with probable scat
tered showers tonight and Saturday.
The eastern forecust Indicates fair weath
er throughout.
Private Wire to Ware k Lein ml.
New York, Aug. 31.—I^sser-Goldmnn Co.’s
(St. Louis) crop report: Since ours nt the
we have again to report somewhat too
much rain la southeast Missouri. Arkansas
and north portion of Indian Territory. This
has given rise to complaints from th* l»ot*
torn lauds of shedding, rust, nnd too rank
look In the territory named I* on the whole
very satisfactory, and that with more set*
tleol weather conditions during KeptoinJier.
which we ran reasonably look forward to, a
good crop Is assured.
A prouilneut spot cotton house In Wi
Tex., Wires:
«'•*., True-. Prop very good; no material
damage. Middling quoted at 8%<*.
A. Norden k Co. say: “Bared on 351 re
piles from our selected correspondents, we
make the average condition of the eotton
erop 82.54, ngnlnst 87.69 last month, a dete
rioration of 5.19 /point*.
Mist Giles’ report: Tull county retnrns
up to and Including August 28 make the
—rage condition of the growing — -
compared with 82 August 16, ....
July 31, 1906, and 70.6 last yenr. The prin
cipal reason for this decline of 3.8 during
the month has been the earesslve preclpl-
stalks and rotting bolls.
THE DRY GOODS MARKET.
ket In first hand.
quiet, lint the Jobbing trade was large.
Shipping departments In Jobbing house*
nre working nntll 10 o’clock at night, (law
silk Is firmer, hut manufacturers are taking
only near by deliveries. Returns to the
Merchants’ Aamnlatton allow that double
the number of buyers hnv* lieen In the
market over the figures of last year.
SOUTHERN JXCHANGE
Oldest Established Office South.
C 0 TTOI —STOCKS-— BONOS 0M11
Ground Floor Oould Building. Dally
market letter nnd market manual
mailed on application.
.. ....silty fair; n itlve S3.1&
fcBQfciO: yearlings 15.60ft
17.75; western 84.50tt7.75.
1.25; brail*
MODERN MILLER'S CROP REPORT.
The Modem Miller say* the bidding at
titude of winter whent by farmers Is firm
ly maintained. There nre no signs ns yet
of an lucrensed movement to market. Many
Interior millers look for free deliveries by
fanners during Keptember.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, GRAIN
Correspondent's Capitol $250,000
■temCNCK. THE NEAL BANK
RHONE MIT. PRUDENTIAL BLOC
ARE A LELAND
RAIN, PROVISIONS, STOCKS, BONDS,
V Y*eL 1,w OrlfM, i,
w
COTTON, G
Mt. 2 Waff It, rtitri BwilSItf, Af/atfa. 6a.
StMUMtc
Hew fart Csffss fidMp.
Hew Ortrmi Ctlloa iMchaage.
llterpc*' Cotta* Afie'latien.
nleal* Wires to Haw fork. Hew Orleans, Chicago.
tall fhane H62.
Chicago Board at Trade.
Chicago Slack fithiif.
Btw York Callao Itchaag*.
B. C COtHMAM. Manager
Standard rbaae 23L
iV
MONEY SITUATION
CONTROLLED MARKET
TIPS FLASHED
From Wall Street
Private Wire to Ware & belaud.
New York, Ang. 31.—Loudon display*
strength, and It looks very niiieh ns If n
large amount, of gulit lmd been taken
the other side by New York banker*.
Brrnu’s speech seems to have fallen flat.
» far as the market I* eoncerued. nnd
good buying Is In evldenc
. ami would take on Steel common
nud Atchison on any dip of any conse
quence.
Dow-Jones' summary:
. . L- , k- |n J
parity.
...... out for state ownership of
minor- roads, federal ownership of trunk
foads and practical elimination of all trusts.
KenlHMtrd report shows 3.96 per cent enrn-
1 on preferred.
United States Steel !»ooked orders for 4.-
6J0 tons steel rails this week for delivery
In 1907. and rep$>rts more orders In sight.
Stocks plentiful In the loan crowd with
il active Issues offered at 6% j>er cent.
Union I'aclfie surplus ami equities show
nearly 20 per cent for common stock.
|,otil*ville nud Nnshvllle statement shows
10 per cent earned on stock nud real enri
* ig capacity probably near 20 per cent.
Twelve Industrials declined ,5s per cent.
Twenty active railroads declined .62 per
cent.
Private Wire to Glbert Sc Clay.
It Is reported thnt $1,500,000 gold engaged
nml that H6.000.000 will probably be taken
by middle of next week.
The market looks ns good ns It can with
ntouey nt 10 per cent.
Union Pacific. Southern Pacific. Erie. Cop
per nnd tin* Steel shares we expect to show
Hn advancing tendency.
The hanks have Inst $4,522,000 through
mih-trojiaury operation* since Friday.
Would take a few profits ns we go along
The wisdom of continuing In the neutral
trading position, ns n whole. Is manifest.
Specialties only nre raised to gain. The
prospect of an unfavorable hank statement,
ltrynn speech, the postponement of the
Paul nml ore denis with the holiday
coming Monday will, we believe, operate to
encourage the lienr professionals today.
Tho Individual positions must still lie fol-
•II to wstcli the developments here, as
well ns In the money ninrket, which lat
ter Is more Important for (lie Immediate
fntnre. however. \CVaw sterling Is having
the effect of uttrnctlns gold, but only a
small supply Is apparently available nt pres
ent. Judging from surface Indications.
With fundamentals as they nre. there Is
not likely to be a real bear campaign, ns
commend conservn*
LONDON STOCK MARKET.
STOCK-
Anaconda ,
Atchison
Unnudlsn Pacific
Chic., Mil. nnd St. Paul....,
Erie
do, preferred
Illinois Central
Louisville and Nashville. . ,
New York Central
Pennsylvania .. ,
Reading
Southern Pacific.. ,.
Union Pacific
United States Steel... .. ,
do. preferred..
THE COFFEE MARKET.
New York. Aug. 31.—The coffee market
opened steady uncluiugcd to n decline of 6
« ts, nnd held nt about the Initial figures
ng the forenoon. Business was rather
quiet. Europe sold the late months, hut
also Itnnght nt times, nnd there wns a lit
tle local selling with support scattering nnd
Indifferent. To midday, sales were only
about 11,600 bags. Early rabies from Havre
were considered quite steady, and prtvnte
advices reported,some buying on th* fact
that Brasil wns not following tho decline,
but Inter Havre eased off, and at the hour
of the local opening was %fr% net lower.
^ * dp, p n t this
slllnn news. Rio wns weak at n decline of
75 rels nnd Santos wns 50 rels lower, with
the rate of exchange uuchan/;ed and re*
celpts nt the ports were heavy, reaching
106.000 bags, against 71.000 bags Inst year,
nml 60.000 bag* st Jnndlnhv, against 51,000
bags last yenr. So far for this season,
Brasilian receipts have been 616,000 bags
ahead of last y«>ur*s.—Ware Sc Leland.
Following Is the opening range sml close
of the New York coffee market for to*
day:
slag
January.. ..
February..
March
April..
May....
6.55
6.66
6.70
, ....670-6.80
June 6.86
July 6.90-6.95
September.. ......... .0.204.35
October 6.194.35
Novemtter 6.364.45'
Decemtter 6.50-6.61
.Closed barely steady.
age. Close.
6.554.60
6.604.65
6. •4.79
6.75480
6.80
6.85490
6.904.95
6.254.30
6.304.35
6.35446
6.45450
Large Amounts of Loans
Wire Called in in the
First Hour of the
Trading.
ent;
Money on Call: Opened 8
high 12; low 8; closed 10.
By Private Leased Wire.
New York, Aug. 3L—The speculative
movement slackened Its pace on this
morning’s market and price changes
were extremely Irregular.
The reason for this lay entirely in
the very stiff conditions In the mon*»y
market, which were more apparent to
day than they have been at all. Call
money early In the day rose to 10 per
cent, and a good deal of the end of
the week borrowing was done around
the high figure. Meanwhile the bids
for time money, while not raised over
the previous days, were mad»* with
more urgency, nnd the supply of this
class of funds gave further signs of
rapid diminution. The announcement
made seml-offlclally that $2,100,000 gold
had been engaged for Import, and It
had come from the Dank of England
direct, helped steady the stock market
In some measure.
But In view of the exhaustion of bank
reserves, Indicated for tomorrow, this
Importation was too amaU a sum to
arouse any enthusiasm on the stock
exchange. Union Pacific was very
strong, nnd Southern Pacific, St. Paul,
Copper and Pennsylvania showed at
times some fairly good buying. Hut
the rest of the list fell off pretty gen
erally at the opening and failed to re
gain much In the latter trading.
Trading nt the opening of the k • v-
change was of only moderate volume and
price fluctuations were narrow. The un
dertone of the innrket, however, was firm,
nud initial advances outnumbered the
ctlnes by about 80 to 1. The heaviest trad
ing occurred In Union Pacific nml I nlt«*d
States Steel common.
The stock market him IM*en‘ feverish and
unsettled nil through the first hour, when
room traders were mixed both In the opera
tion* nnd market opinions, and price move
ments were controlled wholly l»y tin* money
situation. Before 11 o'clock Inrgo uinouiits
of list its were called. At times a distinctly
bullish feeling was created by statements of
heavy gold engagements In London Mr tm-
K rt to‘New York, but these were followed
bankers’ denials.
Price movement* were Irregular with
Union Pacific strong nnd <>the
lug the Influence of seU -
traders. Arbitrage
Imiiglit 20.000 shares here, chiefly Unlo
clfie. Southern Pacific. Stcei and Erie
Government IhuuIjT unchanged.
Other IhuuIs steady.
25-Boll Cotton Stalk.
Special to The Georgian.
Anniston, Ala., Aug. 31.—J. W. ]
Kee came to town yesterday and
hlblted a cotton stalk nine feet,
I" 1 • Si.-lk'lit. b.-ai Ing large
healthy bolls. The specimen Is om
many raised on what Is known her«
the Jordan place, a few miles soutl
the city.
THE MADDOX-RUCKER
BANKING COMPANY,
with capital, surplus and
shareholders’ liability of
10,000.00, solicits ac
counts of individuals, firms
and corporations.
Idle money waiting an
investment can draw 3 1-2
per cent interest in oar
Savings Department-with
drawal any day without
notice.
Safe Deposit Boxes
For rent in our vaults in ibe 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.
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
Fraok Hawkins, President.
H. M. Atkinson. V. P. Tnornn* -C. Er
Joseph A. McCord. CssM*r. R. W. ©yers. .
Third National Bank
Capital
Surplus
W. Calhoun.
$200,000.00.
$300,000.00.
Mlltoo Dargsn
John W. Grant
II. Y. McCord.
David WnMwnrd
