Newspaper Page Text
.
THE ATLANTA GEORGIAN.
rniiMV, august 31. um.
11
CONDITION. REPORTS
FLOODEDTHEMARKET
All Showed Deterioration,
But Were Without Ma
terial Influence on
Prices.
SPOT COTTON MARKET.
ro,,on hull. with prim
•tmdr; mklillfng upliinil, Mill: mle. 4,000;
At»tr\r*a_ MOO; ipocula th.n >1111 export 400;
rmlptl 8,000: Amorim 11 (,300.
AtUlito, niilrt at Me.
iork. quiet at ».80e; aalra 100 (4t
■till!l>t loll: ili>|| van'll nn contract 500.
fan Orlanna, i|iilat at 8 3-I0c.
Mamphla, quiet at »5-16c.
Align,to .fcmly at 9Hc.
St. Louie, dull at Mja.
So vn ninth, nulat at 9a.
noatoii, quiet at 9.8O1',
Honaton, ataaily at 9 3-l«c.
Wilmington, nouilnal.
Mnhlla, n
Charlaatou
CharlaatoiL qulat at fa.
1'hlladalphla, qulat at J0.(*c.
Bjr l’rlvata I.an«a<l Wire.
New York, Aug. 31—The local cot
ton market opened ateadler than ex
pected In view of weak cablea. A de
nial of the Galveston News' eatlmate
may have exerted aome effect on prtcea
abroad.
* Compared with lout fceaaon the re-
celpta of cotton In Atlanta show quite
a falling off. the reault 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-'0«, ended to
day, the local receipts foot 165,239,
ugalnst 216,229 last year, a decrease
of 40,999.
Shipments, 164,197, against 215,229
last year. •
Stock on hand August 11, 1906, 362,
against 1,062 last year.
The market for futures was uninter
esting today, and was of a hdllday
Character. The Liverpool market open
ed lower than due, but New York did
not fully respond to the decline.
Trade during the morning waa dull,
with price changes small. 1
The market waa 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 275, and
Houston 1,126.
Estimated receipts tomorrow:
1906.
Galveston 1,000 to 9,000
Houston .... ... .600 to7,000
NEWS AND GOSSIP
Of the Fleecy Staple. ,
mid IlilvrM flier principal buyers
on ini* opening.
^ ^Yrnlo Wilson bidding op May and Hentx
Monts either way do not seem to be
the nsture of longs.
Journitl of Commerce say*: “Any large
shipments of goods to this market for sale
might change the current of prices, but. in
the opinion of the selling agents, no sueb
shipments arc possible for some weeks to
come, and for that reason cotton may con
tinue to go down without affecting values
adversely for nearby goods. The disposition
southern mfW* to dfsrmnrt the future
safe policy In many ways. _
antes stesdy work at a profit, and It Is
the point of view taken by the mills re
garding the effect It may hare upon other
Interest a."
Private Wire to Gll>ert ft Clay.
New York. Aim. 31.—Liverpool
opened steady 3W4 up. At 12:15
* 2m U|
it futures
on balance. Tone
1905.
€.168
8,425
York
1905 nt 11.23.000 bales.
The New York market closml 11©13 points
lower thim yesterday, the late trading lie*
lug of nn evening-up character, due to the
three days' holiday.
TODAY’S PORT RECEIPTS.
The following uhi* ibowa receipt, at tha
1906
1K6
New Orleans. . . . . .
Oalveston
Mobile
Hnvaiinnh
Charleston
Norfolk
Wilmington
Rostoii
uiS
1
303
1 '
•Total*
14746
1MM
•Incomplete
INTERIOR MOVEMENT.
The following tobte ihow, receipt! at the
Interior towns today* compared with too
snrae day fast year:
Houston.
Augusta. .
Memphis.
190#
1905
GIBERT A CLAY 8
New (>rle»?fc , Anx C ?L-Th» fallnro of
options In LIverjXHd to re*|HUtd to the •{*
tnnrc yesterday in the American markets
seems to l*o the outcome of it more gen
erally iM'nrish sentiment Planing
Final prices were from a©4 points higher
than the previous day's close; wjM>tw 2
tin* silica 4,wn. Whenever the market Is
disposed to hold stesdy. manipulators seem
to think the time propitious to send out
alarming reports of Insect damage and
otimr unfavorable report* concerning the
cron In Texas. The desired effect Is gen
erally reall*«*d, but the reports are aoou
proven lurgely without foundation, and
the temporary Improvement shortly lost.
The fallacy of yesterday s rumors were
proven lieyond a donbt by the news of •
reliable charseter from many P* rt *
ss. not only denying some of these re
ports. but likewise minimising: dai"‘■f.*,"*
Lirted through worms and weevil activity.
QnV * market wa» I**, active and more
nnlntcrctliiK thnn of Into, a condition pre-
mininhly due to the Jiolldny* tomorrow and
Mornlay. both In the en.t uml hero, ton-
•hleralile evening up of own contract.
SSSl n .light ndvaneo fepm opening
S 'C, the .hort luterrat being In the ma
ty, auil who the only dlucerntblo tea-
s connected with the market.
COTTON 8EED OIL MARKET.
New Vork, Aug. 3!.-Th* market for cot
ton «U5 nil wn. very Arm. particularly on
near dellvcrlea, and the aearelty of old oil
fa felt with Inereaalng "trength.U wn» ra-
nnrteil that the anpiily of oil here I* very
■malt mitolde of the lending refining Inter-
cate There ivne gieel Inqnlry for ilomeotlc
ne!-onnt. and a fair Inquiry for export. Kith
report, nf Mien abroad' nt
The Knutli Kaa reporteil ne offering very
Hi tic new The market waa Arm nt the
elnee with prlcee He to lc higher. Stale, for
SeOny aggregated 400 barrel.; 8ept.iulier
2wT at ff*e, January 1<J> at 29lic. and ilarch
*» »•-«“« * ' "X-nlno. rinelng.
:y.’::gj6aB»
September.
October. .
Novemlwr.
hWfWber.
January
March
S i -
up, nt 5.41d.
turcs due 7©8 up.
opened about a* expected on ru
de light, with commission houses
_____ ______ longs Ihcllned to sell out. Look'
for quiet holiday market today.
New Orleans, Aug. 31.—Liverpool was due
54 up on New Orleans and 7H@9 up on
New York. Cables are, therefore, very dis
appointing. Hpot sales arc small, and 11,700
tenders are reported.
The Journal of Col
Ish, but does not show more deterioration
than conservative traders expected.
The market Is .nervous and nnsettled.
Longs show some desire to lessen their
eommltments, as well as shorts. No new
features are developing. Norden says that
the crop has deteriorated 5.19 per cent dor
Ing the month, and conservative bears are
of the opinion that the bureau will show a
'Ike deterioration.
The market Is very steady. Rears are
lalnly disappointed over The
'ommereo rrjtort on condition.
Houston to date has received 105.697 bnlea
of new cotton, against <2,332 In 1904.
Net stock of cotton In New Orleans la
.303 hales, against 41.330 nt-thls time last
rear. The amount of cotton on shipboard
If 2,841 bales, against 2,065 last year.
New Orleans, Aug. 31.—Liverpool S©4 up
Is disappointing. An advance of 7©8 points
. ra to be floundering alom
with no particular disposition, which I
prottshly accounted for by the near nr
broach of the holidays, l>oth here and li
New York, on September lat and 3d.
Waco, Tex,, wires: "Considerable dam
age by weevil, but crop In our territory one-
third better thnn Inst year."
A Calvert, Ilohlnson county, Tex., dfa-
pitch aavs: "Cotton continues to come In.
and la being rapidly marketed here. The
Ideal weather now on us Is ‘
to the gathering of the crop.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS MONEY SITUATION
CONTROLLED MARKET
NAME OF STOCK.
Anaconda
American Locomotive
do, preferred
American Smelting Hef
•do, preferred
Atchison
do. preferred ........
American Cotton Oil
Am. Car Foundry
Baltimore ft Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago ft Northweat'n
Chesapeake ft Ohio .<
Colorado Fuel ft Iron......
Central Leather
do, preferred
Chicago ft Clreat W'n
Chic., Mil. and St. I*
Delaware* ft Hudson..
Distiller's Securities
Erie
do, preferred
(general Electric
Illinois Central
American fef Kectirffle#
Igoulsvllle ft Nashville
Mexican Central
Missouri Pacific
i*
Total stock sales today 583,ffiT
NAME OF STOCK.
N. Y„ Ont. ft Western,
National (.end...
Northern Pacific.
New York Central.
Norfolk ft Western...
Pennsylvania
People's (las
•* *ssed Steel Car
do. preferred
Pacific Mall
Rending
Republic Steel
Southern Pacific
Southern Railway
do. preferred
Slnss-Shefftebl
Tenn. Coni ft Iron
Texas ft Pacific..,
I’nlon Pacific
Western Pnton
Wabash -----
do. preferred.......
Wisconsin Central
do. preferred
TIPS FLASHED
From Wall Street
NEW YORK.
The following la the range In cotton fa
tires In New York today:
WARE & LELAND’S DAILY
COTTON LETTER
New Orleans, Aug. 31.—It waa a holiday
market, and n nervous one at that. Opera
tions wore almost entirely of n coverlnr
or liquidating character, and'prlcr* Juggle
up and do*n In a confusing manner In con
sequence. Llver|H»ol waa In an extremely
11n> n wrrr rae~n, nut
fr/me or reason to them.
feature of the day u
port on condition by tho Ollef
78.9 against 82 on Angust 17, 82.7
1, and 70.5 on Hepteraimr 1, 1906.
urea showetl n deterioration of 3.
daring the month, which waa less
erally expected. It Is safe to sa
majority of traders expect the ..
the government to abow a loss In condition
of nt Irtist 5 per cent. A. Norden ft Co.
came out with a report showing a loss of
5.19 per cent, which nbont met the popular
Idea. Strangely enough, the Journal of
Commerce report, wMcn waa known before
the opening, attracted little attention. It
put the condition at 77.f against 81.7 on
Angust 1, thereby shewing a loss of 4.1 per
cent. A report showing about 4 per cent
deterioration might be expected from the
K vernment were It not for tho fact that
i correspondent* are presumably liable to
color their returns to suit the producer.
Next week the market, will not open until
Tuesday, and It la *“ * * “ " “
Will he quiet until
out of the wny.
New York, Aug. 31.—Developments today
operated for (regularity. The news fo the
Ilryan speech, etc., hail the effect of caus
ing considerable realising. This seemed to
have been well taken, for when money ran
up. ns expected, because of the carriage till
Tuesday, the list liecame strong without
pressure of stock, ami gradually rose up to
(his writing. It Is evident that the unfavor
able monetary conditions of the Immcdlntf
futre. Including the hank statement, have
been discounted. The dullness on declines
shows this. The trading was restricted to
day on account of the Monday holiday,
which gave excuse for many operators to
leave for a short vacation. The floor trad
ers had the markets most of the time, hut
whenever aborts attempted to cover, not
mnch stock was forthcoming*, neither will It
until the iMinklng Interests desire to aetl,
for they control a majority of the float*
supply. We recommend a continuation .
the neutral trading position, watching for
specialty movements. Which Is likely tr
continue for n time. The l»est sources of In
formation seem tmilsh. but ore conservative,
and plunging would Ihj checked, os well as
raiding.
SQm. «» (VtoherYt 32V «nd*»at
o Heptenber at 3*V- Closed firm.
disfavor on present prices. The Idg
talk ha* become so universal, head-
y the south Itself, that consumers of
»n liellere their supplies ran l»e pur
chased at a lower level by waiting until the
crop begins to move freely. Mian lilies’ re
port today showed a condition of 78.9, which
the trade construed temporarily ns mlhtty
Itcarish. For the life of us. we ran not
see anything bearish In a condition at those
figure* with cotton selling at 9e. This Is
« per rent less favorable on 28,000,000 acres
' nted than the HMflMOO-laile year on 31,-
.000 acres, or an Indies ted yield of 2,-
000,000 bales less, granting that the balance
of the season Is as favorable as it was In
bare cotton enough to meet toe Uw
GIBERT & CLAY
,, (. ALABAMA 6T.
STOCK*. BOND*.
COTTON. CRAIN,
corn, provisions
ATLANTA. OA.
_ c-.<-hanr.lN.K OrlMni Cotton Eirh.iic«. Chlrtto Botrfl of Trail..
'«» rfZ!!irtls!w Orlran. Brook Kii'h.nr. Ur.rpool Cotton Amo.1.1 In.
£|n.k Orlran. Board of TraJ..|<l»lTMton Cotton ExchanfA
Priv.tr Wlrasjo»ll Excbanm.
W. R. FAGAN. Manana*
ESTSbes
Leeal and Lono DlaUnoi Talaphona 5291.
I
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building.
ATLANTA,
Bell Phone, Main 858.
GEORGIA.
1
oSivTT;
Nor
Dee
Jan
March. . . .
May.
S:?.
u
Clouxl bnr.lf
t.ijlH
9.4»| 9.30
ite.ilj.
9.10 9.21-22
9.1416 ».26if •rol.'-M,,
NOTES ON GRAIN
Pointers on Prorltlona;
Private Wlr. tn Ware A lAlanil.
ui (in- i|ti" ™iivmi an inr, itsis■
shorts snxtomi to get III.
legitimate wheat Nltuatlon is now n very
healthy one, and while we may get sonic
further weakness today on speculative con
ditions, think any such break Is good place
to buy December wheat.
Increasing receipts of corn make the
8epteml»cr option weak with very little
trade In It. You can see tho May Is neg
lected. Look for n gradual sagging mar
ket.
Oats ofiened eaay on free selling by Up
dike. Buying mostly by comuilsslou bouses.
Wheat rallied In sympathy with north
west markets, iHicre It was expected fur
ther decline would take place. There has
been some covering by local shorts. Ar
mour Just sob! aliout 300,000 Dcember at 74c
through brokers.
Provision* stea
changing orer to ----- --
cru points show nlMuit 4.OX) less thnn same
day lanat -year. Trade light, with strong
consider It very dangerous to remain
short of ^»tmnber corn very long. There
only
Imshels contract corn In
lly long.
The Chicago Record-Herald says: "Ele
vator people were last night very strongly
of the opinion that there would ne enough
of Heptemlier liquidation to force the Hep-
teml>er-Decetiil»er difference nearly to the
full cost of carrying the wheat, ns they
there will lw no delivery front Saturday till
Tuesday. This feature Is likely to cause
some selling by longs who will desire to
avoid this extra expense.
SHORTS COVERED
OVER HOLIDAYS
New York, Aug. 31,—The Run says: A ru
mor that the Oalveston News has estimated
the crop of Texas nt only 3,000,000 hales
against 2,600,000 hales last season hnd the
effect of causing a sudden advance In the
afternoon, although some Nouthern dls-
K tches deny that any such report has been
wed. . The *|»eclnl rsfMirta Issued by the
Journal of Cotunieree, Imwever, and some
private dlspatehes Indicated that thefe has
lieen some deterioration In the Texas condi
tion during the-past month, partly by ;
son of damage dime by boll weevil
worms. The monthly rep6irt of that nr
neper appears today, and there was m
fear yesterday that It might be I6aa fkv(
Ide than has been generally expected. I
thennore, a good many were Inclined, apart
from all this, to cover nn the eve of the
Lalwf Day holidays. The New York ex
change “ “ *
ns next
ator short of the mi ,
to the chance* nnd ’in<*ertnlntlcs of the sen
son for three days. In view »Lthla fact,
LIVERPOOL.
FnlloKltiK tsMs rlT.« opanlns rntigr .ml
.low*. i-nmpnr«l Kith jralerday'. el-wing:
Kutnrra optiwfliifasff-
'll.iiw.
Aaximt.. .
An.ii.tHoi
fl.pt.-Ort. .
Oct.-Nov. .
Nov.-Dec
Dec.-Jnn
Close.
5.W
. *;6!o«-6.0a 5.04-5.06 5.00
15-4.4 »“
i.U ffiu
IS iti* 18
IStS \T M 4:99-4.9
Closed steady.
I
%
3
i
h
l
U
Sf::;:
Nor
l»ee
to. : :
March. . . .
May. . . .
9.11
9.00
•!oi
9.0S
9.i7
9.31
Mi
t.os
S:S
Bt
Eli
'ftp
9.07
lit
9.11
t.ii
i.o6
•loi
9.08
M0
9.31
9.00- 02
9.01- 02
9.06-00
3.12-14
9.19-20
9.10-14
9.06- 09
9.06- 10
9.09-10
9.1A-17
9.21-23
9.29-27
WHEAT FRACTION
UP ATTHE SHUT
Foreign Cables Were Better and
Cash Demand Abroad Show
ed Some Improvement.
By Prlrot. I-nunI Wire.
(•hlcnffo, Anq. ll.-Wli«it w*» nMT«n«,
*lth prlri- I'tinn... Irraxul.r itnrt anttttlrt.
Ii.llv.fl.a nt nhnnt will h. onormnin on
8<-ptomb«-r i-outmi-tx * Sutitnliijr. hut lit.
Khan! Kill go Into ffooil hnnilA Prlc*
K.r. Ho off to H67MP blffbor. Corn rlnHNl
tnm. .ml HClVic loK.r.
I,4r anil provl.ion. Kara .hoot tn. ram..
l-o.lt Mlr« Kfra lLMO liiwh-l. nt Kh«lt.
112.000 com «Wl 60.000 littsliols of o»J« lit
Chli nxo: (Ire load, of Klimt. 40 togfron
■ml W9.000 lin.h.l. ost. »t the KKlMmrd.
ClmnincM for the Krak K.r. (.061.000
^Primary receipts
and corn 521 ,<**
-.Wheat 489.000 bnshels.
„„„ bushels, against 862.000
and 656.000 bushels, respectively, a year
‘'*'’icnranr« were OT.200 binhcl. whentjn
cliHiniK floor. 4.106 boahcl. - ' *"
bushels of oats.
NEW ORLEANS.
Th. folloKlnc I. tb. ranee Is cotton fu
ture. la N.k Orleans today:
NEWS FROM CROP.
Weather in Belt.
Private Wire to Olltert ft Clay.
New York, Aug. Jl.-Tbe Journal of Cora-
meree'a condition report today Is 77.6. com
pared with 81.7 last month. Texas declines
7.8 points, that state condition being 77.4
against 86.2. Excessive moisture caused de
terioration. Plant generally large at the
expense of fruitage, hut many report good
fruitage. Weed Is strong and cultivation Is
good. Labor nearer. Few Inserts except
weevil nnd Ik>1I worms In Texas; season one
to three weeks late; bottom lands suffered
some by floods; shedding and rust moat
complained of In Louisiana and Arkansas.
It makes the decline In condition 4.1, com
pared with a- decline of 3 (mints In same
months In 1906, 7 points In 1904, and In 1933
nn Increase of 2.9. The condition Is report
ed at 77.6 against 72.4 Beptember 1. 1906, and
77,4 In 1904. The weather has been generally
unfavorable, but the plant waa In excellent
condition to tflthatnnd It.
The following fa the condition by states
compared with last month:
Htntea.
and 6.200
CHICAGO GRAIN MARKET.
Chleaco .raln .ml prnlriofi. quotattos.
Previous
High. Low. Close. Closs.
for today follow:
Open.
WHEAT-
U'::::: %
May 77%
*€'8 111 1
29%
will Ih» closed on ftaturdny ns well
Monday, which means that nn oper
ator abort of the market would Im> exposed
few deemed It wise to cover nnd await fur
ther developments. In the main the wrath-
rr'was favorable nnd talk to the effect that
It waa too hot In Texas seemed a little far
fetched. It waa undoubtedly clear aud hot.
the mnxltuum temperature* In some *ei:tlona
reaching JW to JUS degree*, but ns n rule
the heat was no more thnn normal, and
this with dear conditions would have n ten
dency to check the ravages of the boll
weevil-Ulbert ft Clay.
New Orleans, Attg. 31.—Tho approaching
holidays, some fresh tmll weevil talk and a
* ‘ ‘f well defined fear that tho g< *
report will favor the bull
the whole bearish sentl-
derwent no curtailment. The Amer
ican markets will dose this afternoon to re-
o(ien Tuesday. Monday morning the Times-
(HMiiocrat will pnhllah Its rotton crop con
dition report for August.—Ware * Leland.
WEATHER IN COTTON BELT.
Texas—Tyler dear and warm. Dallas nnd
Fort Worth partly cloudjr and pleasant.
. i
and warn*. Cisco dear.
AlalMiun—Mobile, Selma, Opelika and
Montgomery dear and hot. Huntsville dear
and iwl.
Mississippi—New Albany, Tupelo and Am-
ory dear and pleasant.
Georgia—Macon doudy ami cool; rain yes
terday. Auierieus partly cloudy and warm.
Alliany ami Savannah clear ami warm. Co
lumbus cloudy and warm.
WEATHER IN WHEAT BELT.
Extreme Northwest—Partly cloudy; 31 to
04 shove.
Northwest—Partly cloudy; 50 to 60 above;
showers In Rapid City.
West ami Hmithweat—(lenernlly cloudy;
«> to 70 above; heavy rain lit Isalge City
WEATHER FORECAST.
4mts ...
-showers Friday ami Hatur-
IMliioU. Indiana. Missouri, limn, Ksdmb,
Nebraska, North Dakota. South Dakota aud
Montana—Showers tonight ami Sat unlay.
Minnesota—Fair ami warmer tonight; Sat
urday (tartly doudy; possibly showers In
west (tort loo.
Wisconsin—Fair and warmer.
Jan..., 7.96
SIDES—
Sept... 8.82%
(let 8.76
Jan.... 7.25
No 8 2 rSV
No. 2 hard winter ToHffn'
©70%.
PRIMARY MOVEMENT.
Th. following !!*iiton *lv« th. primary
movement of wheat ami corn today:
* beta, *
860.009 bushel*
.]—Receipts 521.000
-%ms
bushels, against i
last year.
bushels, against
ts 46I.P
year.
NORTHWEST CAR&
The followinu flgures give ths northwest
ears today, last week aad last year:
ifcs. fs:
Tod»r.
faBSnZ::::r. S
reek,
u i
*8
CHICAGO CAR LOTS.
Tod*,. Tomorrow.
Wh.nt ^
Corn 314
Gl* to .w
LIVERPOOL GRAIN MARKET.
WTirat—Opanpil He lowar: nt 1:39 p. m., H
«Hr lower; rlqsil iineh«iix«l.
t7oth—Oiiannl unrh,ii|(i-r: at t:9n p. ra..
onrhanx^l to He lower; rlowil unehnn*nl
to He lowar.
THE SUGAR MARKET.
LIVE STOCK MARKET.
qiuiiitr fair 1 ; left over 8,627; bulk
ratlmatefl for tomorrow 39,000; light 9t©8.46:
B fxetl $s.85©6.48: henry H.406N.10; roujdi
40rr5.ft; pigs I6.40©<.31; yorker* |8.40©8.ft;
giMNl to choice heavy |8.36©8.46.
heifers $2.2S#i5.:»: calves $6.60©7.iP;
hof prime steer* IS.49P8.I6; poor to medium
L9D05.3O: Stocker* and feeders S2.3604.2S.
Sheep Estimated receipt* 10.600. Market
teady; quality fair; nitlve 33.lMli.8fi; west
nt M.2S65.80; yenrllrgs 36.80©8.»; ‘
14.5007.75; western 34.M07.75.
lamlw
MODERN MILLER’S CROP REPORT.
The Modem Miller say* the holding at
titude of winter wheat by farmers Is tlrm
farmers during Septemlwr.
North Carolina. .
South Carolina. ,
Florida
Alabama
Mississippi. . . . •
Ixmlslsna. . . .
Texas
Arkansas
Tennessee
Missouri
Indian Territory.
Oklahoma
Average
tieptemhei
"^■0
74.1
80.2
9i
August
78.4
8:1
81.0
87.1
5:1
90.8
88.9
89.6
The map la again very favorable; light
oughnut, with proliable
tonight and Hntnrdav.
forecast Indicate# fair i
fered sbowera
The eastern
er thronghout.
Prlratr Wire to Ware ft Mom).
New York, Aug. 31.—Leaser-Hold man Co.’a
(St. Ixmls) crtip report: Since oura of the
22d we have again to **“
much rain
nn(l north
has given rise to complalnta
tom lands of sheildliig, rust, ami tot
growth. The upland* continue In #x<
shajM* sml premise a gootl yield. Oar roost
reliable eorrespondents agree that the out
look In the territory named Is on the whole
very satisfactory. “■* * “
tltNi weather
whleh we can
live again to report somewhat too
n In southeast Missouri, Arkansas
i portion of Indian Territory. This
i rise to complaints from tbe l»ot-
ory, and that with more set-
conditions during SeptemJter.
reasonably look forward to, a
good crop la assured.
A prominent spot eotton house In Way
_____ __ excoasive
ration In section* of North Carolltn
Unrollii;i, Mississippi, Texns and Arknn
ass. These rains have csuaetl more or leaa
■liediUng and rust, whleh, at this season of
shediUng and rust, whleh, at this season n|
the year, are prevalent, atnl should lie ex
liected. As n rule, the plant Is In good eon
ig well. There are somi.
„ __ _jss, abnormal growth of
THE DRY GOODS MARKET.
ket In Scat Mn. - ___
quiet, but the Jobbing trade was large,
shipping departments In Jobbing bouses
are working until 10 o'clock at night. Raw
atlk Is firmer, but manufacturers are taking
only nearby deliveries. Returns to the
Merchants’ Association show that double
tbe numlter of buyers have been In the
market orer the figure* of last year.
SOUTHERN EXCHANGE
oldut Estnbll.hrcl Offlc* South.
conox—STOCKS—BONDS 8MII
Ground Floor Oould Building. Dally
market latter nnd market manual
mailed nn application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
■xnncNCX. the meal bank
PHONE 1447. PkbOENriAL BLOC
New Otitans.
WARE
jRa:n, fr<j
d^isio
on"sSto^ksPi
BONDS,
COTTON, Gt
fi. 3 Wall Sf., Peters BilUhf. Al/aefe, Cs.
my bus: _ . . .. _
few Ted Celtoa fidaiie. Clkif; uoard at Trade.
Hew Orltaat Cotfea h<ks*§e. CVtaje Jfetl hchaaae.
Uitreeel Cette a kttaiiatle*. Ben fork Cottee bdeep.
hltete Wiret to New York. Bow Orleoas. CkleafO. B. C COTMBMB, Mateoer.
“*• Slender4 Pham
Bell Phone 1242.
,trn i6irs, Allg. a*.— IaMiiiuii (iiBpui
strength, nnd It l«Ndt* very much ns If
large amount of gold had been taken on
the other side l»y New York bankers.
llrrnn’s speech seem* to have fallen flat.
Ss far as tbe market is eoneerned, and
g»»od buying In In evidence.
Tbe uotild stocks should develop more
life, ns they hare not (Mtrflclpnted In tbe
advance, nnd would take on Htcel common
and Atchtsou on uuy dip of any conse
quence.
Dow-Jones' summary:
American stocks In laondou strong, %©1
per cent shove parity.
Ilryan eome* out for state ownership of
minor roads, federal ownership of trunk
roads sml practical elimination of all trusts.
RealHNtrd report show* 3.96 per cent earn
'd on preferriMl.
f’nlt«H| States Steel bonkeil orders for 4.-
5» tons steel rails thin week for dWivfrry
In 1907, and reports more orders In sight.
Stocks plentiful In the loon crowd with
II active Issues offered at 6% |>er cent.
Union I’nelflc surplus slid equities show
nearly 20 p«r cent for common stork.
Louisville and Nashville statement shows
10 per rent earned on stock mid real
Private Wire to filbert & Olay.
It Is reported that’ 31.600.000 gold engaged
and that 315.000.000 will prnliahly Im» taken
by middle of next week.
The market looks ns good ns It ran with
money at 10 per cent.
I’nlon Pacific, Southern Pacific. Eric. Cop
per and the Stool shared we expect to show
nn advancing tendency.
The iNinks have lost 34.532.000 through
lersttons since Friday,
few profits ns w« go along
r ra cheaper.
The New York Financial Runmn snya:
The wisdom of continuing In the neutral
trading (Hmltlnn. as a whole. In uianlfoNt.
Specialties only are raised to gain. The
n rospect of an unfavorable bank statement,
te Rryan speech, the jiosttHihetnent of the
St. Paul nnd ore deals with the holldsy
coming Monday will, we Imlleve. operate to
encourage the |n>ar professionals today.
Tho Individual positions ninsf still lie fol
lownl with the closest scrutiny. Rryan’e.
ndvocacy of railroad ownership. Income
tax, even with the dropping of the silver
Issue, shows him trf lie ns radical ns I^ose-
veil, though possltdy no worse. The Held-
ocratle fall election campaign will probably
Is* directed along the lines mentioned. It
Is well to watch (he developments here, ns
well ns In the money market, whleh lat
ter Is more Important for the Immediate
future, however. \r**s% sterilug Is having
the effect of attracting gold, but only a
small supply l« apparently available nt pres
ent. Judging from surface Indication*.
With rundamentals a* they are. there Is
not likely to be u real Itenr campaign, ns
frequently stated, and we Isdteve In active
mllr
wide range, and sis*-
LONDON 8TOCK MARKET.
Atchison.. .. v. ,, „ .. .
Canadian Pacific
Chic., Mil. nml Nt. Paul...
Erie
do, preferred
Illinois Central
leontsrllle and Nashville. .
New York Central
Pennsylvania
Reading
Houthern rnelflc
Union Pacific.,
United Ktntra Htcel
do. preferred
|Prv.
pm Clow Clq*
THE COFFEE MARKET.
New York. Aug. 31.—The coffee market
opened steady unchanged to a decline of I
points, nnd held nt about tbe Initial figures
during the forenoon. Ilttslnesa waa rather
quiet. Europe sold the late months, but
also bought nt times, nnd there was a lit
tle local selling with sup(>ort scattering and
Indifferent. To midday, sales were only
about 11.600 bag*. Early cables from Havre
were considered quite steady,I and private
advices reisirted some buying on the fart
ffanihonr «r*» anrftangrd ... .....
I tad little effect on the local trade. The._
was nothing enconrnglng nlmut the Rrl-
stllnn new*. Rio was weak at a decline of
75 rels nml, Rsntos was 50 rels lower, with
the rate of exchange unrhanffed and re
ceipts at the (torts were heavy, reaching
106.000 Iwtgs. against 71.000 Itngs last year,
and 60.000 bng* at Jnndlnhy, against 61,000
bag* last year. Ho far for this season,
Rraslllsn receipts hare Iteen 616.000 t»aga
ahead of Inst year's.—Ware ft Lelnnd.
Following Is the opening range nnd close
March
April
May
June ..
July
Heptember..
Octolier.. .
Noventlter.,
IH*cemlM*r..
Onenlaf
if":
CIimnnI barely steady.
. . .6.30
6.86
.. , .6.90-6.96
... .6.204.36
r:4S«
..6.604.66
Close.
6.554.60
6.6i)4. AS
A.654.70
6.764.80
6.80
6.814.90
A.906.96
6.254.30
6.30435
6.354.45
6.464.50
I^rge Amounts of Loans
Were Called in in the
First Hour of the
Trading.
Money on Call: Opened I per cent;
hlffh 12; low 3; cloned 10.
By I'rlrnli* Lcii.hiI Wire.
New York, Auir. 31.—The apeculatlva
movement alarkened It* pace on this
morning', market and price changes
were extremely irregular.
The reneon for thla lay entirely In
the very .tiff conditions In tha money
market, irhlch were more apparent to
day than they have been at all. Call
money early In the day rose to 10 per
rent, and a good deal of the end of
the week borrowing waa done around
the high figure. Meanwhile the hid.
for time money, while not ral.ed over
the prerloue days, were made with
more urgency, and the supply of this
ela.. of fund, gave further nlgn. of
rapid diminution. The announcement
made «eml-offlclally that 33.800,000 add
hail been engaged for Import, and It
had eome from the Bank of England
dlreet, helped steady the stock market
in some measure.
But In view of the exhaustion of hank
reserves, Indicated for tomorrow, this
Importation waa too small a sum to
arouse any enthusiasm on the stock
exchange. Union Pacific waa very
strong, and Southern Pacific, St. Paul,
Copper and Pennsylvania showed at
times some fairly good buying. But
the rest of tho list fell off pretty gen
erally at the opening and failed to re
gain much In the latter trading.
Trmlliiu at the opening of the stock ex-
change wss of only moderate volume and
priee fluctuations were narrow. The un
dertone of the market, hmrerer. wss Itrm,
sml Initial advances outmimliereil the de.
dines hr slimit 39 to 1. The heaviest trod-
Ing iHttirrMl In Union 1'aciflc nn«l United
Hlatra Htral common.
Tin* stts'k market has lM»en feverish aud
unsettled al' throngh the first hour, when
room traders were mixed Imth In the opera
tion* and market opinions, and price move
ments were controlled wholly by the money
situation. Before 11 o'clock large amounts
of list ns wtffe called. At times a distinctly
bullish feeling wss created by statements of
heavy gold engagements In London Mr lm-
isn’t to New York. Imt these were followed
l».v bankers' denials.
l»rlee movements Were Irregular with
Union I’nclfir strong atbl other iMttes show
ing the Influence of selling pressure 11/ room
trader*. Arbitrage broker* said l^imbm
Isiught 20.006 shares here, chleflr Union l’a*
cltlc. Southern 1'sclflc. Kteol niirf Eric.
Government IhuhIs tincbniiged.
Other tionds steady.
25* Boll Cotton 8talk.
.Special to The Georgian.
Anniston, Ala., Aug. II.—J. W. Mo
Kef enme to town yesterday and ex
hibited a cotton atalk nine feet, two
inches In height, beating 25 large and
healthy bolla. The specimen Is one of
many raised on what la known here ns
the Jordan place, a few mile# south of
the dty.
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 oar
Savings Department-with
drawal any day witho^\
notice.
Safe Deposit Boxes
For rent in our vaults in tbe 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.
assiiiiiiiiTO^^
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.