Newspaper Page Text
ATLANTA GEORGIAN.
CONDITION REPORTS
FLOODED THE MARKET
All Showed Deterioration,
But Were Without Ma
terial Influence on
Prices.
SPOT COTTON MARKET.
Liverpool, Boot cotton dull, with price*
Btcndr; middling uplands 5.41d: sales 4,000;
A mar Iran 3,400; speculation and export 400;
receipts S.000: American 5,300.
Atlanta, quiet nt 9%c.
New York, quiet nt 0.80c; sales 100 con
sumption: delivered on contract 500.
New Orleans, quiet nt 9*-16c.
Memphis, quiet at 9 5-16c.
Augusta, steady nt 9%c.
St. I-Iiul,, dull nt
Hnvnnnnh, quiet at 9c.
Boston, quiet nt 9.80c.
Houston, stead/ at 9 315c.
Wilmington, nominal.
Mobile, nominal at 9c.
Charleston, quiet at 9c.
Philadelphia, quiet at 10.06c.
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
nial of the Galveston News' estimate
may have exerted some effect on prices
abroad.
Compared with last 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, 164,297, against 215,229
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
character. 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 tpornlng.
Galveston got 11,229 bales new cot
ton today; New Orleans 275, and
Houston 8,126.
Estimated receipts tomorrow:
1906. 1905.
QalVeston 8,000 to 9,000 6,168
Houston 600 to7,000 8^426
Houston ouuioi.uuu
Superintendent King, of the New York
cotton exchange, estimates the crop of 1905-
1905 nt 11,225.006 Imles.
The New York market closed 11013 points
lower thnn yesterday, the Ints trading be
ing of nn evenlng-up character, due to the
three days' holiday.
TODAY’S PORT RECEIPTS.
The following table shows receipts at ths
ports today, compared with the same day
last year:
1906
1906
New Orlefins- . . . . .
Galveston
Mobile.
Hnvnnnnh. .......
Charleston
Norfolk. .......
Wilmington
Boston . •
. 768
11229
i
~ 308
157
6842
075
1
•Totals
14746
10m
. •Incomplete.
INTERIOR MOVEMENT.
The following table shows receipts at ths
Interior towns today, compered with the
same day last year:
UM
IMS
8553
0770
Augu.tn
618
Memphis
Ht. Louis. ......
Cincinnati
k
140
***
Total
9689
12801
GIBERT 4 CLAY’S
DAILY COTTON LETTER.
New Orleans. Aug. 31.—The failure of
options In Liverpool to respond to the ad-
ems to
erally f
Finn! |
he outcome of a more gen-
than the previous day's close; spots 2 points
Up; sales 4,000. Whenever the market It
llsposed to hold steady, manipulators seem
proven lieyoa _
reliable character from many parts of Tex-
as, jint only denying some of these re
ports, hot likewise minimising damage re
porter! through worms and weevil activity.
Today's market was less active and more
uninteresting than of later a condition pre
sumably due to the holidays tomorrow and
Monday, both In the east and here. Con
siderable evening np of open contracts
ture connected with the market.
COTTON SEED OIL MARKET.
New York, Aug. 31.—The market for cot-
ii wiin inrmiinr sirengrn. it was re-
>d that the supply of oil here Is very
I outside of the leading refining Inter-
There was good Inquiry for domestic
ported
•mall
eats. —
account, and a fair Inquiry for export, with
The South was reported as offering very
little new. The market waa Arm at the
dote with prices He to lc higher. Rales for
the day aggregated 406 barrels; fteptemher
256 at fee, January 100 at 9%c. and March
100 at 30c.—Wart k Inland.
Opcnl
September. 35 <03
October. .
November.
December.
January. .
March
Kales, 606 October at 22Vie and _
300 September at JtHc. closed firm.
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Oibert A Clay.
New York. Aug. 31.—IJverpool opened 3©
4V4 up. Was due 809 np. •
Weld and Dave Miller principal buyers
° n Feride *W?lson bidding up May and Hents
bidding up March.
Dick Bros. & Co. any; While sentiment
the nature of longs.
might change the current of prices, but. In
the optnlou of the selling agents, no such
shipments sre 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
of southern mills to discount the future
of rotton by selling hearr goods at lower
prices at every opportunity Is recognised
ns a safe policy in many ways. It In
sures steady work at a profit, and It la
the point of view taken by the mill* re
garding the effect it may have upon other
Interests.''
Private Wire to Gltoft A Clay.
New Y’ork. Aug. 31.-Llvorpool futures
opened steady 304 Up. At 12:15 p. m., 6
tip on August and 203 up on balance. Tone
quiet; sales 4.000 spots, 2 up, st 6.41d. Fu
tures due 708 up.
Cotton opened about as expected on ca
bles. Trade light, with commission houses
and local longs inclined to sell out. Look
for quiet holiday market today.
New Orleans, Aug. 31.—Liverpool was due
Jork. Cables are, therefore, very dis
appointing. Spot sales arc small, and 11,<00
tenders are reported.
The Journal of Commerce report Is htffl-
Ish, but does not show more deterioration
than conservative traders expected.
commitments, as well na shorts. No uew
the crop I
Ing the month, and coitaervative l»enra are
of the opinion that the bureau will show -
like deterioration.
The market Is very steady. Bears are
plainly disappointed over The Journ* 1
Commerce report on condition.
Houston to date has received 106.597 bales
of new cotton, against 52,833 In 1904.
Net stock of cotton In New Orleans Is
13,303 bales, against 41.880 at this time last
renr. The amount of aitton on shipboard
Is 2.841 bales, against 2.055 last year.
New Orleans, Aug. 31.—Liverpool 804 up
Is disappointing. An advanco of 708 points
was due.
Market appears to be floundering along
with no partlealar disposition, which is
protmbly accounted for by the near ap
proach of the holidays. Iioth here and
Tew York, on Septemtor 1st and 3d.
Waco, Tex., wires; “Considerable dam
are by weevil. 1mt crop lu our territory one-
iixr uj ntTTii. uui in <’
third better than Inst year.'
A Calvert, ltohluson county, Tex., dls-
and „
Ideal weather now on us Is very favorable
to the gathering of the crop, and the farm
taking advantage of the conditions
and are disposing of their cotton at good
prices.”
WARE 4 LELAND’S DAILY
COTTON LETTER
Ntw Orleans, Aug. 31.—It was a holiday
market, and n nervous one at that Opera
tions were almost entirely of a covering
or liquidating character, and prices Juggled
up and down In n confusing manner in con-
sequence. Liverpool was in an extremely
bearish mood, and utterly refused to meet
iiraniii lilinni, iimu uurnj iriunru in uim
th>> atlrnnr. In the Am.rtran nturket, jn
teriUr. Thl« mated ■ decline an the open'
In, here, which, however, wet loo* offer.
TEiicn iuu urviiur, wrrr pitii. hue
had llttta rkvme or reason to them.
The chief feature of the day waa the re-
Ol fee 1
port on condition by the Giles bureau of
78.9 against 82 on August 17, 82.7 on August
1, ana 76.1 on September 1, 1906. These (Ig
or as lease i per ceni. a, ixrroen k i.o.
cams out with a report showing a loss of
5,19 per cent, which about met the popular
ides. Strangely enough, the Journal of
Commerce report, which waa known before
the opening, attracted little attention. It
August L thereby showing a
cent. A report showing a tout 4 ner cent
deterioration might be expected from the
rorernment were It not for the fact that
is correspondents are presumably liable to
color their returns to suit the producer.
Tuesday, and It la prol
will he quiet until the bureau reports are
out of the way.
New York, Aug. 21.—Developments today
operated for (regularity. The newt to the
Ifryan speech, etc., had ths effect of caus
ing considerable realising. This seemed to
, Monetary
Litre, Including the hank statement, have
been discounted]. The dullness
__ Monday holiday,
which gave excuse for many operators to
Dave for a short vacation. The floor trail
ers had the markets moat of the time, but
whenever shorts attempted to cover, not
mnch stock was forthcoming; neither will It
until the banking Interests desire to sell,
for they control « majority of the floating
supply. We recommend a continuation or
the neutral trading position, watching for
specialty movements, which Is likely to
continue for a time. The best sources of In
formation seem bnllsh, but are conservative,
and plnuglng would bo checked, as well as
raiding.
crop talk haa become so nnlveraal,
Mi by the south Itself, that consumers of
cotton tolleve their snpuJIes can bo pur-
;wrt today showed son
be trade construed temporarily at mildly
bearish. For the life of ns, we can not
see anything bearish In ft condition at those
figures with cotton selling at 9r. This Is
6 per cent less favorable on 26,000,000 acres
pDnted than the 13A00,000-hale year on 3!,-
toO.OOO seres, or an Indicated yDhl of 2,-
that year. ... „
have never seen a season so favorable as
1904 when cotton waa picked np to the
last of January. Is It reasonable to look
for another season like that) Then, If we
get It, the Indications are that we will
hardly have cotton enough to meet the de
GIBERT & CLAY
60 B. ALABAMA 6T.
STOCKS BONOS,
COTTON. GRAIN.
correx. provisions
ATLANTA. OA.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS MONEY SITUATION
NAME OF STOCK.
Amalgamated Copper....
Atlantic Const Line
American Sugar Kef
Anaconda
Americau locomotive
■re WfwWw MWM
American Smelting Kef..,
do, preferred ..
Atchison
do. preferred
flu* rri-ii .....a.,,,,,...,.
American Cotton Oil...
Aui. Car Foundry
Baltimore & Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago Sc Northwest'u..
Chesapeake & Ohio
Colorado Fuel ft Iron..
Central Leather
do, preferred ......
Chicago St Great W'n....
Chic., Mil. and 8t. *»....
Delaware & Hudson.....
Distiller's Securities......
Erie
do. preferred
General Electric
Illinois Central
American Ice Securities..
Louisville & Nashville....
Mexican Central
Missouri Pacific
Total stock sales today 1
uw«i
1W4
m
22L
IE5
iodii
L’l
J5*
Pressed Steel Car.....
do. preferred......
Pacific Mall .....
Heading
Republic Steel
xfc
NamE OF STOCK.
N. Y., Out. Sc \Vestern....!
National Lead
Northern Pacific
Now York Central....
Norfolk & Western
Pennsylvania .
People's Gas..
s i
e .3
Southern Pacific
Southern Hallway
do. preferred.......*....
Sloss-Hlieffleld
Tend, coal & Iron
Texas k Pacific
Union Pacific
United States Steel
do. preferred...
do. preferred...
M
1
CONTROLLED MARKET
TIPS FLASHED
From Wall Street
m
aors, auk, ai.—iauiiiuii fimpin,
strength, ami It looks very mnch ns If
large amount of gold hail been taken ou
the other side by New York bankers.
Ilrvau's speech seems to have fallen flat,
as far ns the market Is concerned, nud
Large Amounts of Loans j
Wore Called in in the ^
First Hour of the
Trading.
The Gould stocks should develop more
life,
Opened 8 per cent; "
»d 10
I
er cent; 1
100 quence.
Dow-Jones' summary:
American stocks In London strong, H01
per cent above parity.
Bryan conies out for State ownership of
minor roads, federal ownership of trunk
roads and practical elimination of all trusts.
Hen board r«>i>ort shows 3.90 per cent earn*
— preferred.
1
United Htates Steel booked orders for 4.-
500 tons steel rails this week for delivery
In 1907. and reports more orders lu sight.
Stocks plentiful In the lonn crowd with
all active Issues offered nt 6V4 per cent.
Union Pacific surplus and equities show
NEW YORK.
The following It the range In cotton fo
tures in New York today:
Sept. . . ,
Dee. , .
Jan. . .
Feb. . .
March. ,
«y-. .
Closed barely steady,
I
-96 8.91
iM
9.40
NOTES ON GRAIN
Pointers on Provisions. —
Hernia to be fair demand for September In
exchange for December. New buying out
of the question so far, and few of the local
shorts anxious to get in.
lorts anxious to get In.
Legitimate wheat situation Is now a very
healthy one. and while we may get some
further weakness today on speculative con
ditions, think any such break Is good place
to buy December wheat.
Increasing receipts .of 'corn make the
September option weak with very little
trade In It. You ran see the May is neg
lected. Look for a gradual sagging mar
ket.
Oats opened easy on free selling by Up-
ther decline would take place. There has
Provisions steady, With trade largely In
changing over to September. lloga nt west
ern points show about 4.000 less than aame
day Inaat yenr. Trade light, with strong
Private Wire to Glbert k Clay.
Chicago, Aug. SI.—The scalping element was
been raiding corn and roused the break.
We consider It vary dangerous to remain
short of Heptember corn very long. There
is only 191,000 bushels contract corn In
store, and a leading corn firm Is considered
to be very heavily long.
The Chicago Hecord-Iferald sayt: “Ele
vator people were last night very strongly
of the opinion that there would be enough
of Hepteinher liquidation to force the Rep-
temher-December difference nearly to tna
foil cost of carrying the wheat, as they
figured It nn the present Interest rates of
•bout 4 per cent per bushel. Emphasis wae
laid on the fact that If the September
owner did not sell hie wheat today he
would be unable to deliver out again until
this extra expense.
SHORTS COVERED
OVER HOLIDAYS
New York. -Auk. ,11.—'The Sun raj.: A ru-
or (but Ihn (l.lrraton New. bn. ratlniittMl
the crop of Tcnut nt only 3,000,000 balm
urulnit 2,100,000 hnliia la.t nnixm bait the
effect of enuring n tuildrii aitrane. In the
Afternoon, althounb aome Southern ill,.
K trhen deny Mint nny «uoh report baa been
ineii. The apeclal report, lulled by tht
Tntirnal of Commerce. howerer, and aome
private dlapateben Indicated that there bit
Iieen aome deterioration In tb* Triaa condi
tion during the (mat month, partly by rea-
non of damage done by boll weevil and
LIVERPOOL.
Following tabic glvea opening rang* ind
eloac. compared with yealerdny’a oloalng:
Futures opened steady,
Opening
previous
August.. .. .
August-Kept.
Hept.-Oct. .
Oct.-Nov. .
Nov.-Dec. .
Dec.-Jan.. .
Jan.-Fob.. .
S eh.-March.
nrch-Aprll. . .
Aprll-May.. .. ..
Closed steady.
Br- ar
It
is
arly 20 per cent for common stock.
NEW ORLEANS.
ftepfc .
Oct. . ,
Nor. .
Dec. .
Jan. . ,
Feb. . ,
l\T\
4.M-4.M
.1,02-5.01 1.00-5.01
. .6.01 5.02 6.0]
WHEAT FRACTION
UP AT THE STAHT
Foreign Cables Were Better and
Cash Demand Abroad Show
ed Some Improvement.
ny Private I,ea«cd Wire.
Chicago, Aug. 31.—Wheat waa nerroui,
with price change, Irregular and unaettlad
Dellverlea of wheat will be enorinoua ol
September eontmeta Saturday, but the
wheat will go Into good handa. I-rleea
were He off to ttOUc higher. Corn eloeed
lame and tt®lUe lower. 0«<* »'» »“ J*®
|4c and provlalona were about the aome.
Cneh aalea were 17.000 bunh'la of wheat,
lts.ooo corn and 50,000 hdahela of oato „
cfleamfi lire loeile 'of wheat, <0 loeda earn
■ml »0,too buahel,.oata at the .eaboord ;
ml skl.OOO Ini,hel, oat, at me aeainmni.
Cleoraneea for the week were 6,011.000
bnaffla wheat, jmd 311.900 Itiahela ,of corn
Primary reeidota-W hewt WO.MO huahela.
and corn 6H.OOQ hnaliela, against 863,000
and 061,000 buahela. reapectlvely, a year
"c'ienrnnee, were *17,300 huahela wheat, hi-
elndlng llonr. 4,708 bushel, corn and 6,300
bushala of oats.
CHICAGO GRAIN MARKET.
Chicago grain and proTtitoni'quotation*
for «o3.y follow. ■ rr , rIml>
Open. High. tow. Close. Close.
in s is n
[|”'l 8 8.88
& tPBf
Sts k ass as
satriat, if. if |f |f
Jan.... 7.95 7.97V4 7.95 7.96 7.96
HIDES—
paper appears today, and there waa some
fear vestardar that It might be less favora
ble than haa been generally expected. Fur
thermore, a good many were Inclined, apart
from all this, to cover on (he eve of the
Lat»or Day holidays. The New York ex
change will Im dosed on Hatimlny as well
ns next Monday* which means that nil oper
ator short of the market would Im» exposed
to the chances and uncertainties of the Sea
son for three days. In view of thin fact,
snd also iHK-ausc prices hnvc had s very se
vere setback during the last month, not n
few deemmk It wise to rover ami await fur
ther developments. In the main the weath
er was favorable ami talk to the effect that
It was too hot In Texan seemed a little far
fetched. It was undoubtedly clear ami hot,
the maxlnmm temperatures In some sections
reaching 100 to 102 degrees, but as a rule
the hest was no more than normal, and
this with clear conditions would have a ten
dency to cheek the ravages of ths boll
weevil.—Glbert k Clay.
New Orleans, Aug. 31.—The approaching
holidays, some fresli Imll Weevil talk and u
fairly well defined fear that the government
proved to the extent of BOe a bale. There
were no developments warranting opinion
changes, ami on the whole bearish senti
ment underwent no curtailment. The Amer
ican markets will close this afternoon to re
open Tuesday. Monday morning tho Times-
Democrat will publish Its cotton crop con
dition report for Augtist.—Ware k Leland.
WEATHER IN COTTON BELT.
. partly cloudy and pleasant.
Houston partly cloudy and cool. Temple
partly cloudy. Han Antonio partly cloudy
am! warm. Cisco clear.
AlnlNima—Mobile. Relma, Opelika and
Montgomery clear and hot. Hutitavllle dear
ami cool.
Mississippi—Naw Albany* Tupelo ami Am-
ory dear ami pleaaant.
Georgia—Macon cloudy and cool; rain yes
terday. Amerieui partly cloudy and warm.
Albany ami Havannah clear ana warm. Co-
Iambus cloudy and warm.
WEATHER IN WHEAT BELT.
New York Stock Exchange New Orleans Cotton
New York Cotton Exchange. New Orleans Stock 1
New York Coffe.» Eichange |»w Orb-sns H-er 1
Private Wires to nil Eschangeg.
Local and Lona Dlatinoa Telephone 6293. W. R. FAGAN. Manat]**
i Exchang*.ICbteafO Board of Trade.
Exchange. Liverpool Cotton Association
I of Trade.fGilveston Cotton Caching*
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
Extreme Northwest—Barfly cloudy; 96 to
54 above.
Northwest—Partly cloudy; 50 to 66 above;
showers In Uapld City.
A) to 70 nlmve; heavy rain In Ihslge Cll
amt Wichita.
Ohio Valley—Clear; IS to 70 above.
WEATHER FORECA8T.
•were Friday ami Hatuf-
Illinois. Indiana. Mlsoonrl, Iowa. Kansas.
Nebraska. North Dakota. South Dakota ana
Montana—Khowera tonight and Hat unlay.
Minnesota—Fair and wanner tonight; Bat-
unlay partly doady; posaildy showers lu
Kept..* 8.82H 6.83 8.T7H J.JHi 8
PRIMARY MOVEMENT.
Th, foUowlD* flrirra *lv» Ihf prlm.r*
ran,,'mi’llt of ’vhpflt .ml corn loony:
Wlio.t—Ilwoliil, <88.000 biwhol,. .gjlirat
' i Inst
(Oil)
180,000 bushols In.t ywir: shlnmrnl. 570.00
huaholn, SKiilll.t <70,000 hush.la la.t your.
IPI5I-II5* .KHlIWi 31-5-wv Iiuou-I-
rorn—n,o,lpi. 10,000 lm.h,li .enliuot
l.ooo huah.l. lost yrar; shlpmonts 454.000
bushols, against 111,000 bii.h,l. In.t yrar.
NORTHWEST CARS.
T i;
nml list yrar!
h‘L
CHICAGO CAR LOT8.
Wheat.
Corn.. .
Oats. .
lloga. .
Todsv. Tomorrow.
. ?!o
12000
|
2000
LIVERPOOL GRAIN MARKET.
Wheat—Opened He lower: at 1:30 p. m„ %
0Uc lower; closed unchangeil.
Corn—Opcne<l unchanrfud: at 1:36 p. m..
nnchanged to tic lower; closed unchanged
to %c lower.
THE 8UGAR MARKET.
By Private I*eaae«l Wire.
New York. Aug. 31.—Local refined and
raw sugar steady ami unchanged, ten
don itects steady; August and Heptetnl>er
9a 6*d.
LIVE 8TOCK MARKET.
By Private Leas*! Wire.
t'hlcago. Aug. 31.—Ifogs—Estimated re
ceipts tislay 12,000. Market 5«10e higher;
quality fair; left over 5.R27: hulk $S.I506.)i);
estimated for tomorrow D.000: lleht $506.45;
mixed B.6ME645; heavv 36.4004.20; roajrti
35.40fi5.tt: pigs 35.4004.Jj: yorkera 34.400445;
go. N | to choice heavy 34.350145.
Cattle— Receipts 15.000. Market strong;
good prime steers 15.404^4.85: poor to medium
319605.30; stockera and feeders 32.3004.25.
Mhee|» Estimated receipts 10.000. Market
steady; quality fair; mtlve 33.1505.60; west,
ern $3.2503.HO; yearlings 35.6004.25; lambs
34-5007.75; western 34.W07.75.
MODERN MILLER'8 CROP REPORT.
The ifiMlern Miller says the holding at
titude of winter wheat by farmers Is firm
ly maintained. There are no signs as yet
Increased movement to market. Many
Interior millers look for free dellverlea by
farmer* during Kept ember.
Louisville nml Nashville statement shows
10 per cent earned on stock nnd real earn
ing capacity probably near 20 per cent.
Twelve Industrials declined .58 per cent.
Twenty active railroads declined .62 per
cent.
Closed steady.
8?
I u
t-'J
9.04-07! H. 10-14
Private Wire to Glbert Sc Tiny.
9.01-f-i
9.12-14
9.19-20
that 315.000,000 will probably be taken
by middle of next week.
The market looks ns good as It can with
money nt 10 per cent.
Union Pacific, Houthcrn Pacific, Erie, Cop-
per and the Steel shares we expect to show
By Private Leased Wire.
New York, Aug:. 31.—The speculative
movemeht slackened Its pace on this
morning's market nnd price changes
were extremely Irregular.
The reason for thlx lay entirely In
the very utlff conditions In the money
market, which were more apparent to
day than they have been at all. Call
money early in the day roue to 10 per
cent, nnd a good deal of the end of
the week borrowing was done pound
the high figure. Meanwhile the bids
for time money, while not rai.sel over
the previous days, were made
more urgency, and the supply of this
class of funds gave further signs of
rapid diminution. The announcement
made seml-offlclatly that 32,500,000 gold^
had been engaged for Import im.
had come from the Hank of
direct, helped steady the stock mar{V
... ndvnnelng tendency.
The (tanks have lost 34.522,000 through
sub-trenstirv operations since Friday.
Would tuke a few profits
until money gets cheaper.
y ‘ . H
along
NEW8 FROM CROP,
Weather in Belt.
Private Wire to Glbert k Clay.
New York, Aug. 31.—The Journal of Com
merce's condition report today Is 77.5, com
pared with 81.7 laat month. Texaa declines
7.8 points, that state condition being 77.4
agatuat 86.2. Excessive moisture caused de
terioration. Plant generally large nt tho
espense of fruitage, but many report good
fruitage. Weed Is strong nnd cultlvntlon Is
good. Labor scarce. Few Insects except
weevil nnd boll worms In Texas; season one
to three weeks late; bottom Inuda suffered
some by floods; shedding and rust most
complained of In Loulslntm and Arkansas.
It makes the decline In condition 4.1, com-
pnred with n decline of 3 points in snmc
months In 1905, 7 points In 1904, and In 1903
sn Ihcrease of 2.9. The condition la report
ed At 77.6 against 72.4 Heptember 1, 1906. nnd
77.4 In 1904. The wenther has been generally
unfavorable, but the plant waa In excellent
condition to withstand It.
The New York Financial Bureau says:
The wisdom of continuing In tho neutral
trading position, ns a whole. Is mnulfest.
Specialties only are raised to gain. The
prospect of nn unfavorable hank statement,
the Bryan speech, the postponement of tho
Ht. Paul and ore deals,with the holiday
coming Monday will, we believe, operate to
encourage the hear professionals today.
Tho individual positions must still he fol
lowed with the closest scrutiny. Bryan's
advocacy of railroad ownership. Income
tax, even with the dropping of the silver
Issue, shows him to lie ns radical ns U^ose-
velt, though possibly no worse. The Dem
ocratic fall election campaign will proluildv
In some measure.
But In view of the exhaustion of bnnkj
reserves, indicated for tomorrow, this
Importation was too small a sum
arouse pny enthusiasm on the stock |
exchange. Union Pacific was v
strong, and Southern Pacific, St. Pi
Copper and Pennsylvania showed at
times some fairly good buying. Hu*
the rest of the list fell off pretty grq
erally at the opening and failed to
gain much in latter trading, f
Trading at the opening of the ntoc(
ent.
change was tS only moderate volume muI
S rlre fluctuations were narrow. The on-
ortone .if the market, however, was Arm,
and Initial advances outnumbered the d»»
cllnes by. about 3') to 1. The heaviest trad
Ing occurred 4n Union Pacific and Unite-
Htates Hteol common.
The stock mnrkct has been feverish n
unsettled nil through tho first hour,>^*
room traders were mixed both In the oji
tlons nml market •minions, nnd prlc«
incuts were controlled wholly by the
situation. Before 11 o'clock large n
..... „..._ _ of loans were called. At times a distil
itipplv Is apparently available at pres- feeling was created by statsmenj
JuilKln, from .orf.™ Itullotlnu,. hrarjr <Mhl ••'iinraini’nt. In Londtm.Mr|
fundamentals ns < they are. there Is {^ r Linkers^denlnis * l < s
lie directed along the Hues mentioned. It
Is well to watch the developments here, ns
well as In the money market, whleh hit
ter Is more Important for Ihe Immediate
fattire. howerer. tfeew sterling is having
not likely to Im* ii real hear campaign.
frequently stated, nnd we believe lu active
clafty Improvement prominent will lie
general policy and we recommend conserva
tive neutrality still.
LONDON 8T00K MARKET*
rifle, Houthern Pacific, Hteel anil Krld
Government bonds unchanged.
Other bonds steady.
compared with last month:
STOCK—
Anaconda.
States.
"ParoTTna?
SnrtTiHHi
South Carolina.
|Florida. . .
Alabama. .
Mississippi.
Kopfsmhc?
■aTTo
Iiotilslana. . . .
Texas
Arkansas
Tennessee
Missouri
Indian Territory.
Oklahoma
Average.
87.0
r*
90.7
August
Atchison..
Canadian Pacific
Chic., Mil. and 8t. Paul....
86.6
89.6
uo, prrierreii ,
Illinois Central
Ixmlsville and Nashville. .
New York Central
Pennsylvania
Heading ..
Houthern Pacific
Union Pacific
United Htates Hteel
do, preferred.
THE COFFEE MARKET,
New York. Aug. 31.—The coffee markst
The map Is again very favorable; light
showers have again fallen In the eastern
belt, but the balance Is 'partly Cloudy and
dry, nnd Indications which, with S very
poor Liverpool, should cause lower prices,
* •idlr-*-
The western forecast Indicates Increasing
•’rn *»t*. <iiik. mi.—ilir t.uiirr nmiki-i
opened steady unchanged to a decline of 5
points, and held at about the Initial figures
during the forenoon. BusIncSN waa rather
quiet. Europo sold the lute months, Imt
•Iso I Knight nt times, and there waa a lit
tle local aelllng with support scattering and
Indifferent. To mlddny, sales were only
cloudiness throughout, with probable scat
tered abowera tonight nnd Saturday.
The eastern forecast Indicates fair wenth-
were consider!
er throughout.
that Brasil waa not folio
hut later Havre eased off, nml at the hour
of the local opening was
.Miw lora, auk. 3i.—Ik*sser-<•oiuroan m. i
(Ht. IjoiiIs) crop report: Hlnre ours of tho
22d wo hare again to report somewhat too
much rain In imutheaat Missouri. Arkansas
and north portion of Indian Territory. Tins
haa given rise to complalnta from the bot
tom lands of shedding, rust, and too rank
growth. The uplands continue In excellent
shape am! promise a good yield. Our moat
the local opening waa H0H net lower,
ambura was unrhnngefl to H up, hut this
id little effect on the local trade. There
mm
had L„
was nothing em*onrag1ng slmnt the Hr!
xlllnn news. Illo waa weak at a decline of
76 rels nnd Bantos was 50 rela lower, with
the rate of exchange unchanged and re
ceipts st the ports were heavy, retching
106,000 begs, against 71.000 bags Inst year.
01,09) Im*. >t Junill.hr, .iraln.t il.oqi
tleif weather conditions during lb (ember,
which we can reasonably look forsAfd to, «
good crop Is assured.
A prominent spot cotton house In Waco.
Tex., wires: "Crop very gmal; no material
dainace. Middling quoted at 8%c.
A. Norden k Co. nay: "Baacil on B1 re
plies from our selected correspondents, we
make the average condition of the cotton
ahead of last year’s.—Ware k Leland.
Following Is tho opening-rang* and close
of the New York coffee markst for to
day;
cm..
February..
MO-5.0
March 6.70 i.664.70
April 6.70-5.80 5.75-6.80
May 8.80
suss lilies re|Hirv. i tin conniy returns
up to anil Including August 28 make the
average condition of the growing crop 78.6.
as compared with 82 Angust lC Ira; 82.7
Heptember..
July 31, 1905, and 70.6 last year. The prin
cipal reason for this decline of 1.8 during
the month has Iieen the excessive prectpl-
.6.204.86 6.0430
October 6.304.35 t»f..35
November 6.36-5.45 6.35 6.45
December 6.504.66 6.456.50
Closed barely steady.
tstlon In sections of North Carolina, Mouth
Carolina, Mississippi, Texas snd Arkan
sas. These rains hare caused more or less
25-Boll Cotton Stalky
Special to The Georgian.
Anniston, Ala., Aug. 31*
Kcc enmo to tow A yesterday
hlblted ft cotton stalk mtu- i
Inches In height, bearing 25 Ihrl
healthy bolls. The apeclmen Isf
many raised on what Is known I
the Jordnn place, a few miles ad
ths city.
THE MADDOX’RUCKEfl
BANKING COMPAI
with capital, surplus
shareholders’ liability,
$900,000.00, solicits
counts of individuals, fij
and corporations.
Idle money wait!
investment can draw
per cent interest in
Savings Department«*wit
drawal any day withott)
notice.
the year, are prevalent, nnd should l»e ex
pected. As a rule, the plant la In good roo-
flltloii and fruiting well. There am some
comnlnlnts of grass, abnormal growth of
stalks and rotting tolls.
THE DRY G00D8 MARKET.
kef In first hands today was a Tittle more
•inlet, but the Jobbing trade was large.
“Mpplng departments In Jobbing houses
working until 10 o’clock nt night. Haw
silk Is firmer, tint manufacturers are taking
only hear-by deliveries. Heturns to the
Merchants' Association show that double
the number of buyers have Iieen In the
markst over the figures of lest year.
Safe Deposit Boxes
For rent in our Vaults in the basement of ihe
Empire fTJuildlng 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 Trusi
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCKS—BONOS—-DRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, CRAIN
Correspondent's Capital $250,000
RCTERKNCK. THK NEAL BANK
SHONt 141V. PRUDENTIAL BLOO
Wisconsin—Fair and warmer.
gear Orfrasf.
cottonYgra:^, Provision's,’stocksPbonds,
is. 2 Wifi St., httn Btlliltf, Affaire, 0*.
for rert Cmn htliijf.
gear Orltmt Coffie tichtigt. ^
Dvtrseef Caffes lissriSflse. >ew fork
rrfvsfe gfm f# lie Verl. few Orttiu. Cifcef*. ACC
Chi a go foi rd it Tnd«.
Slioiiri Ft oil SSk
LOWRV NATIONAL BA]
CAPITAL, SURPLUS AND PROFU
OVER ONE MILLION DOLLAl
Foreign Exchange, Travelers’ Checks, Be
Brothers’ Letters of Credit available in
of the world.
? nak lUwklnit. Pr.,i 'rat.
Toon,.. C.
Jorapb A. UcCord, CraMfr. It W. B) .
Third National Bai
Capital
Surplus
Dr. A. W. Uslboun.
Ml'* -:i I» irgan
John W. Grant.
II. Y. McCord.
$200,00(
$300,OO^
DIRECTORS
Frank llswkli
ft. M. AtfctBS
Jov»ph A. Dsvtd