Newspaper Page Text
THE ATLANTA GEORGIAN.
SATURDAY, SFPTEMRKR 1. 1^.
IS
ARE CLOSED TODAY
Will Remain Closed ’Till
Next Tuesday on Ac
count of Labor Day.
LIVERPOOL WAS OPEN
Transacted Business For
Half Hour and Sent Us
Discouraging Advices.
American eottnn market* are ctoaed
,A, r The Mtnrday aeulon la uinally a
affair. laatlug only two hour*: and
.. Mon (lav la a legal holiday on account
of Uh«r day, the trader* decided to “cut
out" the two hour*’ aeaalon and Uke a
three day*' reat.
Iltenwol waa open for builnei for a
hal’f hour thla morning, and advice, from
there were not of an encouraging nature,
■not Mug marked down 6 point, on sale*
of l,™o halea, while future* closed at
decline* »f 7@834 pol'it*.
report* were In evidence, however,
and they were of 8 generally favorable
^Houston, Tex.: Verf reUnble firm of Cla-
J pi. write*: “Onr cro}> here still
much better than last year. In spite of
fart that worm*, boll worm*, have
dine some damage, but one of our most
cnaerratlve men aaya that thin county
Jni maWe. at lenat, W.000 bale* thla year,
n-alnet 3J.J00 last year. Went out luto
the district where our worst complaint*
are coming Inal Sunday and saw n great
ninuT large Adda where the atnlk waa
iTrra'nt lilgli. and ns full of fruit as It could
•land. Went Into seven held* anil made
close examination, and In four of them
did not see worms. In the other three
there were some worm*, but tbe plnut Is
still putting on fruit, awl we confidently
expect a bumper crop In thla section.”
Temple, Tex.: ‘Tarty Just In from the
went report* very heavy rain In Coleman
and Brown counties. Bays almost solid
sheet of water from Coleman to Brown-
wood. Cotton badly damaged In that sec
tion hr rale. Weevil doing considerable
damage: deteriorated 20 per cent In this
county 111 last twenty day*. Just saw
partr from Tnylor county, who gays wee
vil doing much damge fn that aectlon.
Hold that the crop will tie 66,000, against
I1.00J last yenr.” ...
Galveston, Tex.: “Wo are closely In touch
with the situation, a* we make It a point
to visit ilelda nearly every day, and as
sure you lhat damage report* ar* gross-
lr exaggerated and are mostly for specu
lative purposes.*'
Sherman. Tex.: “Crop doing well; wee
vil doing no dumnge."
Following la the atatlattcal position of
cotton on Friday. August 31, na made up
by The Sow York Financial Chronicle, re
ceived over private leased wire by Messrs.
Ware A Leland:
11,345,988 BALES
THE SEASON'S YIELD
Second Largest Crop of
Cotton Ever Marketed
By the South.
PRICE PAID WAS FAIR
The Southern Mills Took
196,305 Bales More
Than Last Year.
The total of the commercial crop of cot
ton for the season of 1966-1906 was an
noonred late yesterday afternoon by Hoc
rotary Hester, of the New Orleans cottou
xchauge.
The total yield la placed at 11,346,966,
oltows:
Tort receipt* 8,029,1
Overland to northern mills and Can
ada 1.068.468
Southern consumption 2,307.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OK STOCK 1 .
Amalgamated Cornier
Atlantic Coaat Lina
American Hujrar Ref.... «...
Anaconda
American taromotle*
aJMMMxw:::::::::::
«lo, preferred
Atchison,
do. preferred ;
American Cotton Oil
Am. Car Foundry
Baltimore A Ohio
Brooklyn Rapid Transit
Canadian Pacific.
Cheaapeak
Colorado Fuel A Iron...
Central Leather.,
do, preferred *
Total
....11,345,!
This lenat I*aat
tVoplf Week Vaa v*
Visible supply 1.784,156 1.874.M3 2.MM70
Americau... .... 885,156 842.833 1.638,470
Crop In eight....
For week li&.TSZ
Port receipts. . . . 74.604
8toek» 193,878
Export* 67.790
Interior receipts.. . 63.186
Interior nhlpineuts. 73,539
Interior storks. . .. 100,906
48.801
184.701
37,233
41,833
48.446
111,260
138,732
87,883
827,410
83.542
81.680
LIVERPOOL CbTTON MARKET.
Liverpool. September 1, 12:18 p. m.~Cot
ton. snot dull, with priors easier; middling
jpland* 5.3Sr|; sales 3,000 halca; American
1401; speculatIon nnd export 300; receipts
Beptemlier. .
Rept.Oet. .
Oct.-Nov. . .
No v.. I tee. . ,
Deo.-.Ian. . .
Jan.-Kelt. .
Fell..March.
March April.
Closed qnlet,
Range.
.6.00-4.87 4.97
.. 4.814.8
. .4.88-4.81
..5.81-4.8!
. .4.91-4.81
.4.93-4.88
.4.93-4.80
.4.86-4.92
-4.M4.93H 4.93tt
..4.96-4.16 4.96
5.04-6.06
4.86
4.93-4.94
4.94
4.95
4.86
4.88-4.98
6.00-6.01
6.02
6.08-5.64
— — . — w aulO.i . ,
and 1.819,409 the year before, or Increases
of 196,806 and 666,016. respectively.
Secretary Heater's figures show that the
crop of 1906-1906 was the second largest
crop on record, showing na It does a de
crease compared with 001*1901, wheu tbo
crop was 13,665,8*5, of 2.219,897 bales.
Previous bumper crops were: In 1897-1898,
11,190.964. and In 1898-1198. 11.274.640..
Secretary Heater will Issue hla annual re
port. covering exports, details of southern
consumption by states, progress of the mill
lng Industry of the south, world's con
sumption of American cotton, etc., next
Tuesday.
8ecretnrjjr Hester's visible supply of cot
ton of the world for the week ending yes
terdny shows a decrease of 84,880, against
decrease of 12,134 last yenr, and s dccreai
of 27.064 year before last.
The total visible Is 1.790,027. against ..
875.764 last week. 2,558.361 lust yenr nnd
1.121.251 year before last. Of this, the
total of American cotton Is 958.927 ngalnut
043.767 last week. 1.643,861 last year ami
474.251 year before last, and of all other
kinds. Including Egypt la u. Brasil. India,
etc.. 887.000, scainst 932.009 last week. 91“
000 last year and 647,000 year licfure Ihst.
Thu total world's visible supply of cot
ton ns above shows n decrease compared
with last week of 84,880, n decrease com
pared with last yenr of 707,434 and an In
crease compared with year before last
46,000 last rear and 55,000 yea
In India. 627.000, against 615.000 last year
nnd 330,000 year before Inst; and lu the
United States 303.000. against 464,000 last
year add 161,000 yenr before last.
SEASON OF 1905-6
ENDED YESTERDAY
WARE & LELAND’S
DAILY MARKET LETTER
New York, Sept. 1.—London dis
played steadiness and arbitrage houses
bought Union Pacific. Transactions
were rather light during the first hour,
only 133.000 shares, but there was buy
ing of a good character in the Harri-
man Pacifica, st. Raul and Union Pa-
efle. The Steels were Inclined to hold
off, waiting for the bank statement that
made h most remarkable showing, con
sidering the loss made by tbe banks,
reserves decreasing only 61,420,000,
leaving surplus reserves at $2,869,000,
mans decreasing $7,393,000. The mar
ket was quite active during the last
half hour, with Union Paclflc In the
lead. It rising to 194 6-8, driving shorts
to cover, as well as In a number of the
jetlve stocks. There was good buy
ing of Steel, also of Amalgamated Cop-
per and Anaconda. Sentiment was
bullish on the belief that large gold
engagements will be announced Tues-
huoyan*t an< * ***• c * 08,n * wu Quite
n i^J c, Jgn. Kept. 1.-Offerings of wheat were
nn ' 1 September aborts covered
Htfrraiy with several brokers also buy-
SE.™ ! no " f h and selling December. The
J n September was quite pronmine-
rV°n talk of the month being tied up to
US extent. Tbe visible Is expected to
!SV ' of 600.000 to 750,000 bushels, I
ni the IhiII element was somewhat cnconr-
•*wL m .V r **!!* 'hanging outlook with the
ggW 1 ** th «t more activity will !h* wit-
dwT 1 . 11 ,I "' ,,#,nr Mature. Kepteinl»er aborts
“ ot »" stand over the holidays and
rvTu/f r ? 1, thereby reducing the (11*1
K" 11 f hat month, but at the same time
liTS?. n, »t la* said that baylug of Decern-
Ihm-TxS nf A steadier tone,
to prevail, nnd It Is pnsal-
th# may be worked up during
rVn n,l ."‘ r wk.
there r.*** " f ^ or ? practically nothing, and
m«h »,«* biiy|t)g i»f Septeml»er by
fid u 'T: with offerings rather light; In
^ntlmwt was less pronounced
Mar kini* 1 "PPfs red. eajieciaily In the
for .S ' 1 Wr * rc rather Inclined to look
. ‘"jPrwemeat In prices.
nnaiiM ,rr vn . trtr P®®Pl® do not know of
plain ' '^trrinratloiiin oats. A few com-
r 't*appointing quality, but thresh-
New Orlcani, Sept. 1.—The Tlmes-Demo-
ernt says: The cotton year terminated with
crop prospects good, prices fair, the world'
trade In manufactured goods large, but
with a radically curtailed public Interest In
the s|>eculatlva side of the staple. Early
In Pecemtier 13.45 was paid for the May op
tion. l*nte In August the Octolier option
told, as low os 8.89. In 1906 May sold ns
high aa 11.20, while October sold os low ns
6.75, Jnnunry touching 6.28. The high and
low range for 1904 was: July 18.14, Decern
her 8.96. These comparisons prove little
more than tbe fact that when the gambol
ing lambs nre awu.v the gnats manage to
play the game to s finish, with dno regard,
of course, each for the other's horns.
Yesterday's cotton market waa n fitting
flunie to a season which Included many
week of singnlnr dullness. Covering over
the holidays and precautionary measures
against the coming bureau report gave
tone nnd stiimlnn to the trading at times,
though the close waa well under the pre
vious day's last figures. The season ended
with December contracts at New Orleans
quoted at 9.01. while middling spots had de
cllned to 9 3-16. The movement of new cot
ton and the development of more definite
knowledge as to the magnitude of the yield
the line of least resistance led prl
ward. Humbug reports about (Inlveston
crop estimates were fully exposed, the
weather was in the main favorable and the
crop reports Issued by the Journal of Com
merce. Hutton A Co., K. M. Ulles nnd
Norden A Co. were not of a kind to stimu
late the market, although the newspaper
mentioned states that the deterioration III
report then Issued. The weatl
wet blanket and all the anxious shorts seem
to have got under cover. Koine commis
sion housea favor buying for a tarn Immune
they think the short side has lieen overdone,
but the great majority of the trade are as
bearish as. ever. A few September notices
Issued had no effect. Room traders tried
to lift ihe market, bnt after tagging I
effectually for a while gave It up. Th< „
were encouraged to drop their load by the
New York exchanged estimate of the Inst
crop at 11.225.000 bales raised under rendi
tions which led ninny to expect n much
smaller yield. Bears believe In some cases
that tbe present crop Ir nearly 2.000,000 bales
larger than the last one.— (llbert A Clay.
THE DRY G00D8 MARKET.
* New York. Sept. 1.—The dry goods mar
ket bolds steady as to prices, but with a
slightly lessened trade as tbe holiday ap
proaches.
lng return* mostly up to expectations.
There was good buying of the fir* —*
the crowd was bullish with srllli
ed to more of an extent than
witnessed In aouie time. We look for
higher prices and favor purchase* on recea-
•Ions.
The market for provisions waa < _
while, aome changing taking place, hut to
ward the dose leading packers bought lard
nnd rll*. A good cash deuimd Is reported,
and we look for firmer markets.
Tbla board stands adjourned until Tues
day next.
GIBERT & CLAY
W *■ ALABAMA I
STOCKI, BONOS.
COTTON. CRAIN.
COFFEE, PROVISIONS
ATLANTA. OA.
•atli Code. Exehange.lN’eiv Orleans Board of Trans.[Galreaton Coltoi
Board of Trad*.
* "otton Assortstlna
Cottoa Excbangk
Bxctiao*».|\rtT
i i PrlTBte Wlrra fo all Excbanm.
“«*! and Lons Dlatanoo TaUphon. 6298. W. n. PAGAN. Manapar.
ALONZO RICHARDSON & CO..
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building;. Bell Phone. Main 858.
ATLANTA, GEORGIA.
Cbtragn A Groat W'n
Chic., HU. and 8t. !>
Iirlatrare A Htidaon
Iilatlllor'* Hccnritie*
Erie
do. preferred
General Electric
Illinois Central
mmol* central
American lea Securities
Louisville A .Vaahvllle
Mexican Central
Mlaaonrl Paclbc
Total atiwli aalea today LK.imt share*.
iWt
-IS
w
MH
3*
NAME OK STOCK.
N. Y., Out. ft \\’—tcro..........
National Lead
Northern Pacific....
New York Ceutral
Norfolk k Western
I'ejinsylvanln
CiHipIe'a Oita
I'reaaed Steel Car
do. preferred
Pacific Mail
do. preferred,,
Slow Sheffield
Trim. Coal k Iron
Texas k Pacific.................
Union I'ad tie
United State* Steel
do. preferred
Western Union
Wabash -
do. preferred..
Wisconsin Centra!
do. preferred
,535
sa
• w
ea
&
ta
NOTES ON GRAIN
Pointer* on ProrlalonL
Private Wire to Ware & Leland.
Chicago, Sept. 1.—Aa aoon aa early
liquidation of September wheat la over
look for a firmer market In wheat.
Rerelpta In com continue liberal
enough to depress September com.
Reported to be 3,000,900 wheat deliv
ered on September contracts today.
Minneapolis stock of wheat decrease
200,000 for one day.
Several brokers trying to buy Sep
tember wheat. The deliveries have been
a surprise and the wheat landed In a
place where It Is supposed to be tied
up.
Wheat acting heavy for December,
one local,operator hero lias been a very
heavy seller and crowd don't want It.
Provisions dull, but fairly steady.
Almost no trade. Wheat trad* har*
la changing.
Chicago Inter-Ocean: Com In Oma
ha broke J-4c yesterday and Septem
ber closed at 43c.
Cash business In wheat to Chicago
yesterday waa only 15,000, all the cash
handlers reporting the demand poor.
Sales on corn were 100,000 bushels
and oat* 135,000.
At the seaboard exporters sold 90,-
000 bushels wheat and 90,000 bushels
oats. Charters were made for 70,000
bushels com at 1 5-0c to Buffalo.
More returns from the threshers In
the northwest were received. A num
ber of them came from points where
conditions were said to Indicate light
yields.
Frederick, S. Dak., says the average
of epring wheat will be eight bushel*
and durum 15 buahels.
Aberdern says the yields are lea*
than expected.
Larlmore, N. Dak., reportod 072 bush
els raised on 30 acres or 22 1-2 bushels
per acre, and 725 bushels from 20
acres and 251 bushels from six acres.
All graded No. 1 Northern.
Grafton, N. Dak., reports yields of
15 to 18 bushels.
Winnipeg reported yields of 20 to 22
bushels per acre.
The Inspection of grain by. cars at
Chicago for the month of August was
7,687 car*, the largest for the same
month since 1902, while of com 4,814
cars were the smallest since 1903. Oat*
were nearly 900 cars leak than last
year.
STOCKS REVIEWED
BY NEW YORK SUN
Now Y'ork. Bopt. 'Tha Ann aaya:
BualnoHfl on the stock exchange was
•tunller yesterday than for any previous
seaalon, not even excluding the Saturday a,
since the declaration of tbe llarrlnmn div
idends. nud the trading was of purely holi
day character, as ninny of tne trsdera
had plans to leave town, and under the
circumstances did not care to enter Into any
new commitments. The high rates for
money naturally restricted timing, sa much
ns 12 per cent being paid for call funds
to carry over until Tuesday, while tbe
time rate was firm at 6 per eent and s
commission. No definite announcement was
made regarding engagements of gold for
IiniKirt, although It was generally expect
ed that nil Improvement will begin within
few days. Estimates of the amount
ilch might tie Imported Itefore the end
oi next week rsu ns high ns $15,090,000,
although In conse.wstlve quarters It was
said that the actual figures might amount
to little more than half of thla total.
Union Pacific was the only really notable
feature In the day's trading. o|»eulug 1%
iits from last Thursday's dose, while
no other Important stock was the
rice changed more than fractionally. Thla
me rose to nearly Its high record level
d retained Itft advances well, but with
few exception* like At. l*anl, Southern
.aclflc and New York Central, stocks,
as a rule, sagged slightly ou accouut of
the dullness which prevailed. Erie'* pre
liminary annual report showed 2.1$ |>er
cent earned on the common stock, the gross
earnings lielng the largest In the history
of the rood.
THE WEATHER.
LOCAL FORECA8T.
WEATHER IN WHEAT BELT.
Extrrina Nnrthwral—Partly cloudy; 41 to
44 sliovc: general rains.
Northwsst-I-srtly cloudy; 02 to 00 above;
local rains; now rslnln* st Huron.
West and Boulhwc.t-Grticrslly cloudy;
04 to 72 shove; local ralna lu Kansas. Ne-
lirsska. Iowa and Missouri; now rslnln*
In Oklnkoms.
Ohio Vslley—Generally cloudy; 03 to 00
above.
WEATHER FORECAST.
iintiiiT, 11*111, 7nri»inc nimia.
Western Texas—Local showers Saturday
•nd Sunday.
Arkansas—Local rains Saturday and Sun-
Veatern Florida—Showers Saturday and
ern imrtlon.
Indiana—Partly cloudy and warmer to-
night.
Wisconsin—Showers nnd warmer tonight;
Sunday fair; cooler In west; showers III
east portion.
Minnesota—Show’ers tonight; cooler In
west nnd wanner In east portion.
Iowa—Showers tonight; warmer In central
ant. east portions; Sunday partly cloudy nnd
cooler In west portion.
Missouri—Showers tonight nnd Sunday;
cooler In the northwest and west Sunday.
Karans—Fair tonight nud Sunday; cooler
Sunday In north portion.
WEATHER CONDITIONS.
TIPS FLASHED
From Wall Strct
of the eastern
over the Ohio valley nnd the firent l*nke*.
This "high” hss moved eastward during the
last 24 hours, causing lower temperature nt
stations In the Ohio valley and the north
east. Following In the wake of the "high'
Is sn area of low pressure central lu North
Dakota.
The weather Is mostly fair this morning.
Huron. S. D., being the only point nt
which rain waa falling. Showers have oc
curred In the lower Missouri valley, por
tions of Texas, throuchr * **
south
bams.
The conditions favor partly cloudy weath
er In 1hl« section tonight and Sunday; not
so warm toulght.
COTTO.I REGION BULLETIN.
STATIONS OF
ATLANTA
DISTRICT.
^Atlanta, dear. . . .
H'hatlauoogii, clear. .
Uotumbus. cloudy. . .
linlneavllle, dear. , .
(IreenvIHe, clear. . .
Griffin, cloudy. • • •
’Macon, clear. . . •
Monticell,», dear. . •
Newnnn, cloudy. , .
Home, clear
Spartanburg, dear. . .
Tnllnpoom, clear. . .
Toceoa, dear
West Point, dondy.
Max. Min.
”87 7T
“•Minimum tciniH-raturos nre for the il’-
hour period ending at 8 a. m. this date.
HEAVY RA1NKALL8.
Ht. Matthews. S. C
Ballinger, Tex.. .. :
Stillwater, Okla..
..1.50
..1.94
..2.84
CENTRAL
STATION.
WEEKLY CHRONICLE’8
REPORT ON WEATHER
New York. Sept. 1.—Our advices by tel
egraph Inst evening Indicate that mlu has
fallen In moat section* of the South dur
ing the week, but that, except In some
Atlantic district*, the predprtatl»u has,
lu the mnlii, lieen light or moderate. Far
ther deterioration Is claimed In Alabama,
and complaints of damage by IniII wee
vil* aud IhiII worm* come topa Tex**
From other portion* of the cofton tielt onr
reports are more favorable on the whole,
P! • ‘ * "
Atlanta. . . .
Augusta. . . .
Charleston. . .
<4* Ires ton. ,
LltUe Hock. .
Memphis
Mobile
Montgomery. .
New Orleans. ,
Oklahoma. . .
Snvnunnh. . .
Vicksburg. . .
Wilmington.
Dlat. Averages.
Max. Mlo.
«r
SO
111
sections.—Ollwrt t
THE COTTON 8EED OIL MARKET.
New York. Sept. 1.—The market for cot-
..m seed oil was fairly r “
with a good demand for L_ ,
leading refining Interests. More attention
wns paid to tne question of small storks
and predictions of light supplies during
September, while the hulls are predicting
that there will be very little new oil In
this market even In October, dae to the
goool demand for oil elsewhere, and reports
that the crop la from one to three weeks
Iste. The msrket st.tbe close was firm,
with prices unchanged to ttc up. Kales
for the day totaled 4.800 iHirrels; September,
800 at Httc and 1,400 at 86tte; October. 600
t 32ttc; November, 700 at 80c: Decemlwr.
.,nno at 30e and October additional 800 Ot
82V*.—'Ware k Leland.
THE COFFEE MARKET.
Following Is the opening range and dose
J tbe New kork coffee market tor to
day:
i
January.,
T ladtcatc* laapprrrtahl* rainfall.
REMARKS.
* pm
ilurtna Hi. pn,t 24
nonra. iininraii ocrnrrrtl tfvn.ralljr vxcpt
In Momphl* ami Mill. Itovk illatrtrt*, ific
• moniit* twin* Inanpnvlshl. In .Wolitlv, N.w
Orlasna amt Ylrk*tmrjf illitrlrts. Ilnavy
rains fell In lurllons of South Carolina,
Tcaaa and Oklahoma.
Private Wire to albert A Clay.
New York, Sept. 1.—Marshall, Spader
A Co.: Today’s trading will probably
be of a pre-holiday character and with
the Improvement of the monetary alt'
uatlon next week, which, we conn
dently expect, stocks. In our opinion,
wilt sell much higher.
Gates buying Atchison.
Would not be surprised to see the
market cell off a little today -owing
an evening up process over the holt
day*. Would buy rail* on recessions.
The New York Financial Bureau
aaya; We look for rather a quiet mar.
ket today. Provisions will probably
try to lower the Hat on account ot the
holiday. , If the banking support
evidence yesterday, showing a sold
out appearance, should be withdrawn,
the professional operation would sue
ceed. We do not believe anybody but
insiders will care to carry oyer much
stock. We advise against It. Develop,
ments over night do not seem to us
add anything ot Importance to the gen.
eral situation. The bank statement to.
day ought to be a bod one. Manlpula.
tlon there, however. Is Just as prob.
able as it Is In the money and stock
markets. We are not of the belief
that a real bear market Is possible on
account of the strong bullish funda
mentals, but we are convinced that If
the money situation Is ns bad ns
looks no bull market is likely until aft
er the crop movement, and thla month
the strongest demand for funds la felt.
Private Wire to Ware A Leland.
Chicago, Sept. 1.—Not much change
In London, but n very poor hank state
ment can ho looked for .that will be
offset by engagements In gold that are
expected to appear In large volumes
Tuesday next. Rather expect a quiet
market, although there are Intimations
that Union Paclflc will be active. In
the event of a sharp decline today
would favor taking on good stocks.
Dow-Jones Summary: National City
Bank engages 3500,000 gold In Paris.
Secretary Root arrived In Chile.
Bishop McCabe, of International pol
Icy holders* committee, approves man
agement of Mutual and New York Life.
McClellan comes out for Jerome for
governor.
Annual report of Canadian Pacific
show* about 10 per cent In surplus and
equities for new common stock.
n seven month* Twin City has earn,
tf 4 1-4 per cent on common.
Gold engagements In London expect
ed on Monday.
Krtc net earnings for July Increased
$130,000. Erie annual report ahowa
true earning capacity for year ended
June, 1900, waa at least 4 per cent on
common.
Twenty-eight mads for July show
average net Increase 13.71 per cent.
Thirty-nine roads third week In Au
gust show average groaa Increase 13.90
per cent.
Dun's Review says outlook becomes
brighter each week through moat en.
couraglng crop reports.
.Bradstreet's says moat leading mar.
kels report buyers present In unprece
dented number*.
Banka lost on week's currency move
ment 10,781,800.
Twelve Indualrlala declined .30.
Twenty active railroad* declined .14
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOU—STOCK BOHDS—GRAIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RErCRCNCC, THE NEAL BANK
PHONK 1417. PRUOCNT1AL BLOC
w Yatk. Hew Orltiat. Chin,
cottonVgra^, Provisions,Htocks^bonds,
he. 2 Wall SI., Peters Building, Atlanta. Ca.
T Util BISS:
’ haw Yark Cation Eicbaaae. Chicago Board at Trade.
Hew Orleans Coflcn ! • h Jijr Chicaoo Stork li'.hanqe.
Urarpaat Caltaa isaaelatlaa. • haw fork Coffee iaekaaaa,
ftltale Wires la hew Yatk, Hew Orient. Chicago. B. C COTHBAN. Manaotr.
Ball Phene 1242. Standard Phene W.
isxr u&b
3lrab , .7:::: v:
Jane JTje*
August. -ii---
Hc|»ti'mtM»r 5’i
Ortotar 6.39-6.S
N*»»etulN-r #• ......6.894.19
larcrailirr.. . . • • • ..M04.fi
Closed steady.
(.556.66
(.694.65
6.66-6.7®
6.704.75
UM.fi
6.86-6.90
6.994.96
6.164.25
6.254.31
6.9)4.35
4694.45
HUBBARD BROS & CO •j mSants
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange. New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the aboveexchanges.
Direct wire service. Correspondence invited.
Phones 454, Long Distance 39. A. S. Hustace, Mgr.
STOCKS CONFUSED
AT TK OPENING
Initial Prices Were at De
clines in Some of the
Issues. '
OTHERS WERE HIGHER
Bank Statement Was Better
Thau Expected—Clos-
in Prices Buoyant.
Ur Private Leased Wire,
New York, flept 1.—That today's clear
ing house flgurca at all told the truth about
tho local hanking position la ottremely I
to hellcro. Home 16.0)0,000 remained i
from laat week, which waa not ahowu
In laat Rnturday's currency loaaea. In addi
tion. the known movement! of money for
fa® preaent week •piiwi.l on outgo of, at
lenat, 38,600,000. In face of all thla the
statement today puta entire raah decrease
at only 14.300,000, and loaua haring iloereaa-
ed 37.400,000-thnnka to the liberal oaten
alon of foregn credit—surplus reaerve li
lowered only 31.420,000.
Even during the eorly part of tho stock
exchange session this morning, the tendency
waa strongly upward. There was no sell
ing pleasure In any quarter, while certain
stocks worn ataadfly absorbed at the rla-
ng price*. Aftor the appearance of tha
hank figures, tho buying In Union I'aclfle,
New kork Central, Southern l'aelOe and
Northern l-aelflc Ixjcame extremely couth
dent, and the whole Hat started Into a
ronaldorable degree of activity again. Union
I’aclfle sold at a new high record, and
purveyor* of Wall street aoealp aoem to
have fastened on New York Central na a
prnmlslug subject of attention.
ed aud atrong, with
GIBERT A CLAY'S
DAILY STOCK LETTER
New York. Sept. L—Our London ca
ble* state that money was unlendable
at the cloee. Discounts were easier.
During the second hour of our trading
decided etrength waa displayed In New
York Central, Steel stocks, especially
the preferred; Reading and Southern
Paclflc, while Union Paclflc took com
mand as a leader and advanced to new
high records. Shorts ware driven to
cover, not caring to take the risk nf
large gold announcements being made
between now and the opening Tuesday.
The bank statement was better than
expected, and tha stock market re
sponded readily and tha Hat was again
taken hold of and advanced. During
the laat few minutes, however, under
realising, the market sold off somewhat.
We expect the monetary situation to
make material Improvement next week
and believe we will see stocks at much
higher figures.
COVERING LIVELY
BY WHEAT SHORTS
Did Not Care to Carry Lines
Over Sunday and Holi
day Monday.
OFFERINGS LIGHT
The Opening Was Finn and
Closing Showed Sharp
Advances in Cereals.
Ily Private Leaaed Wire.
Chicago, Sept. 1.—The markets on
the board of trade were nervous, tho
September wheat situation being to
the liking of tt)* bulls, and It closed
1 l-8c higher. The other months In
wheat were up l-S03.Sc. Corn closed
1-101-Sc higher. Oats were S-Sfplc
higher. Provision* mainly 2l-2c bet
ter.
■Cash aalea her* were 132,000 bushels
wheat, 40,000 corn and 145,000 bushels
oata.
Transactions at the seaboard were
■lx loade wheat, two of com nnd 75,-
000 buahels oata.
Primary receipts of wheat 444,iwq
bushels and of corn 604,000 bueheia.
compared with 1,018,000 and 5S'>,000
bushels, respectively, a year ago.
Clearances were 352,000 bushels
wheat, no com and 3,100 bushels oats.
CHICAGO GRAIN MARKET.
—lleago
for today _ _
Prevl,,.,,
Open, High. Low. Close. Cloao.
T—
THE 1HADD0X-RUCKER
BANKING COMPANY,
with capital, surplus and
shareholders’ liability of
$900,000.00, solicits ac
counts of individuals, firms
and corporations.
Idle money waiting an
investment can draw S1-2
per cent interest in onr
Savings Department—with
drawal any day without
notice.
"* 771
Se t si i
OATS—
RS!:::S:8 S:B 8:3
LARD—
Tsil
31 tt
33)1
Z 0, 4
33^
SE 1:2* t» 1:3 S:$> m
Jaa.... 7.9134 7.9734 7.9334 7.9734 T.»
w ■■
!-n»
HIDES—
kept... 1.71 1.19 3:71 1.80
Oct.... 1.70 8.7234 8.70 8.7234 *.7:<
Jan 7.a 7.25 7.2234 7.3 7.2-'>,
CASH WHEAT—
No. 2 red 71>ie72',l: No. 3 do 71«71*4; No.
3 hard winter 7034; No. 3 do 70'370!j.
LIVERPOOL GRAIN MARKET.
Wheat-Opened 44034c lower; closed '.9
34c lower.
Corn-Opened 340340 lower; closed ' s 9>,c
lower.
NORTHWEST CARS.
The following flgures giro the northwest
cars today, last week aud last year:
tail Last
Today. Week. Year.
Minneapolis. ...... 7 is :i
Duluth.
CHICAGO CAR LOTS.
»*(
!.i::
I.F
Today. Tomorrow.
8000
Wheal
Corn. |
onta.i
Hog*
NEW YORK BANK STATEMENT,
Reserves.
Ixmds. .
ttpeele. .
M
I'-l-i
.... S-l*)
11.7JI.IW0
6k,800
ATLANTA CLEARING
HOUSE STATEMENT
(Darwin O. Jones. Mgr.)
Clearings for today, Kept. 1 $ 6ia.9ie.J4
Corresponding day last year 51TA13.su
This wash. *.003,744.75
Corresponding week laat year.... 20
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, PrtaldenL A. E. THORNTON, Vlee-Prealdent
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Cashier.
JAMES B. FLOYD, Aee't Cashier.
Capital
Surplus and Undivided Profits..
We Solicit Your Patronage.
$500,000.00
$500,000.00
32 /o Compound Interest
Is the rate your money will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG
STRONG, SAFE, CONSERVATIVE
You are Invited to eall and Inspect our quarters and Investigate
our facilities to serve you. A hearty welcome await* you at this
J?ank. *
A8A G. CANDLER, President.
W. H. PATTERSON, Vlce-Prej. A. P. COLES. Cashier.
JOHN 8. OWENS, Vlce-Pre*. WM. D. OWENS, Asst. Cashier