The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 31, 1906, Image 11

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. 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.