Newspaper Page Text
THE ATLANTA GEORGIAN.
11
fiillS IN TEXAS
Cables From English Mar
ket Were Better Than
Had Been Expected.
gpOT SALES INCREASE
jjverpool Closed Firm and
Sharply Higher—N. Y,
12 to 14 Points Up.
BI ’sepT*L^Thu undertone of the
>'* at the outeet wee verjr
«0tt«» nrlcee wore 2 point* lower to
•tMjf- h ibor nnd nfter the cell the list
•ji’ .m’w uolnt* on food boyln* for south-
"Vlmii Tto rein* In Texee Influenced
w«'“"C?,.. for the south. There wee *n
saHL^ t, “ and ,n
_ r trernool tnerket we* better than due
. ’Ef.h droirttnent* thl* mornlnjr, spot he
ft '^.M S notut* up nt 6.36d for middling.
M ihoSSng eu 1 Increase amounting to
h ^«k. r ture. opened 4 to 5 poTnt*
2'ifwKme. they were due to come 1 points
‘W.'li-s from that center state the adrence
t, dne to unfavorable crop advices from
opening la New York prices were
• illnti lower” o f points higher, being In-
lag* by'cables end the relu* In Texas,
lltuudar prices were from 13 to 14 point*
Athir than Frlilay’s close, with tho tone
* b The Improvement after the open-
fi, MS aided by good buying by Frit
'"veiling notice of a tropical atorm near
the gulf const was sent out” this morning.
Th^weather map show* heavy rains over
the western cotton trelt and light ahowers
In the northern imrtlons of the eastern belt.
The western belt needs rain.
Kollowinn ore the est mated receipts to-
morrow at tho principal markets, os com-
fls!rerto““'• 6.M0 to 7,500 Sicct
onstnni . ...... 6,700 to ».!00 10,409
The cloee was steady, i to 14 points higher
than Inst Friday's Anal.
SPOT COTTON MARKET.
Liverpool, spot quiet. with prices steady;
middling uplands &.36U; sales 7.000; Ameri
can neb; speculation and export 600; re
ceipts 3.000; American 3,600.
Atlanta, quiet at Mi*.
New York, quiet at 9.90c; delivered on
Centract 700. . .....
New Orion ns, steady at 9 316c.
Augusta, steady at 93-16C.
Savannah, sternly at 914c.
St. Louis, quiet nt 9c.
Macon, quiet nt 9c.
Norfolk, atondy at 914c.
TODAY'S PORT RECEIPTS).
The following tabia ahows receipts at tha
NEWS AND GOSSIP
Of tho Fleecy staple.
Private Wire to Glliert & Clay.
New York, Sept 4,-Llvcrpbol opened I
«fl lower from Friday** close, which la
about as expected.
. 6 . ■ereral report* of too much
rain In Texas, aud nlao that the boll wee-
r/tory* croMod Hod r,ver ,uto ^dlaa Ter-
The Journal of Commerce aaya: "The
active operation* of buyers during August
disclosed a scarcity In the supply of gray
good* of print cloth yarn construction,
giuBlinms, bleached goods, tickings, aev-
erni lines of colored goods, hosiery, some
lines of napped goods, aud In the gen
eral division of fine goods for spring use.
The consensus of opinion appears to be
t “ fct *hj* .condition Is dne In large part to
a restriction of production consequent on
labor conditions, briefly summarized as ’an
unwillingness to work.’ This restriction
has been greater than buyers and many
sellers suspected, and Its force has been
felt because the demand for goods has
come with a rush In the past live weeks."
Liverpool entiles: "Strength is due to
the unfavorable advices from Texas.”
* ' ra are good buyers, ]
unfavorable Texas
— .— %u e unfavorable Texas
ports and large local speculative short
terest, think the market will do n~ little
better.
New Orleans. ,
rains In north Texns, extending to tho
central part of the state, which will prob-
• k, T do some harm.
verpool has regained about all that
was lost on previous sessions since our
close on Friday.
Private Wire to Ware & Leland.
New York, Sept. 4.—Liverpool futures
opened steady 2 up on near and unchanged
on late. At 12:15 p. m., 4fj5 down and
steady. Sales 7,000, spots 5 up at 5.38d.
Futures due to come 3 down.
Mitchell a big buyer. Hentse and lo
cal shorts have been big buyers since the
opening.
New Orleans, Sept 4.—Market
steady. Buying seems about evei
Tided between the two accounts. Prices are
J r sensitive to reports of crop damage,
any operators believe that the up-turn
that generally comes In August, and which
failed to materialize this year, will
“ien this month.
The weather map shows heavy rains
over the western cotton belt and light
showers In tho northern portions of the
eastern belt The western belt needed
ralq. |
WEATHER IN COTTOfTBELT.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively', twsnty.flve
years' experience of ed
iting markets In Atlanta
nnd the 8outb hss msde
him s recognised au
thority In bis specialty.
TIPS FLASHED
From Wall Street.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAMK OF 8TOCK.
Texas—Houston, cloudy and warnu PM
is, dondy i * •* **
Fort Worth.
t cloudy _
nnd pleasant, rained all nights
‘ -a... -flag.
1ns, cloud; ,
Fort Worth, rained all night, still ralnl__.
Sherman, cloudy aud warm, rained all yes
terday; Temple, cool, hard rain last n*
Trier, dear aud pleasant, light rain
~lght.
Mississippi—Hattiesburg and Meridian,
clear and hot.
Alabama—Birmingham, dear and warm;
Mobile, clear and warm, some rain yester
day; Montgomery nnd Opelika, dear and
hot; Troy, dear nnd warm.
Georgia—Columbus, dear and hot.
North Carolina—Greensboro and Raleigh,
cloudy and cool, ralnsd yesterday after
—on.
WEATHER IN"WHEAT BELT.
Now Orleans.
Galveston. . .
Mobile
Savannah. . .
'hnrleston. . .
Wilmington. .
INTERIOR MOVEMENT.
Houston. .
, .»!a. . .
Jfempfofs. .
WARE & LELAND’S DAILY
DAILY MARKET LETTER
New Orleans, 8ept. 4.—The market for
w ,, » nnd a very good undertone today,
which was due chiefly to reports of crop de
terioration from Texas. Heavy rains over
Texas on the weather , map added to the
Wen that tho crop was not doing well In
hat state nnd caused considerable fresh
1'iiTing. nn the opening an accumulation
H T i ns nrders had to l»e filled, which
•t«'[W Prices and stimulated Liverpool to
J'l'l to nn advance that was none too great
tar yome time previous to the opening of
2rf f toctl market. Toward noon the market
t<v>k on groat steadiness and prbvs went
«P for an advance of about 16 points, when
'•mparwl with the Anal prices of las: week.
h.m f r r " ! u ' mml Utrwres strengthened thf
?2*I" l^rition considerably, for they show'
I»n n ,Jn ur!l lnr 8 pr consumption than wai
JJJff* y ** looted. Tbs weekly crop re-
SSL™ *l**htlr better than expected.
Arknnai* thov i P°«* of too coId nights lu
SlriS*’ un " r " ,omib,3r w#r m days In Cl —
pa and n serious drought In north
n usHeater mail, the
"" p _ H.646.M9 bales, sgnlnst 13.6N.000 Isst
W l,n w *. pn« nt 12,160,000,
•PUnst 1 LS3S.0* last year, or sn sxccss of
MS1MI tff*- taking, svi.ro put at 12,-
Sg® In Isa, aaRlnat UM6.000 last year,
full. .i iri '' nn consumption carried ‘
*° r *lrongesl claims of the bulla
u2*rn& rt . s 'Pt- 4.—Developments ovsr
nut.M. 2? , .s w ' r *. of .rest Importance
E'lSJf 'he sale of the Pennsylvania of
sm i ,?, .; 1 " 1 0,1,0 »n<l Norfolk and West-
Cl-™' Jh» second named stock was the
L, 5™ of tho market, and It wss report-
thi. * .’'tn* favorable developments In
^"“cetlon might Iw expected. The
Bast ’!'** v«y Irregular after opening
s«r r .F* 111 the feature on the
Ini' approach of the Ilarriman-8t. I*anl
"nnouneement, ns proflt-taklng sms
qnlt.n general, and the dealings
Ins “ ni, »ed. The public le trad-
K,?** 0 »t of the market, while the
pmr wl. nnls on and off the floor are In-
™»6I to Ml short for tt turn. We rec-
sltlon liofc your attention tho neutral po-
ElraJ'S w " , r ll, »« for speelalty advanees
»"ler to make long turns.
By Prti
make long turns.
LIVE 8TOCK MARKET.
">e leased Wire.
“ Sept, . 4.—lie
Eellmated re-
SlVr*. '«j»y’ , ®W 4 ' M*rSrt, ,! fls«i on,u„
^cboltC^ivy
Extreme Northwest—Generally fair, 38 to
56 above.
Northwest—Clear, 46 to 68 above.
West and Southwest—Generally cloudy, 48
to 68 above; local rains In Kansas, Missouri
and Illinois.
Ohio Valley—Generally clear, 61 to 73 de
grees above; local rains.
WEATHER-FORECAST.
Louisiana—Showers nnd thunder storms
Tuesday nnd Wednesday.
Georgia, East Florida and West Florida—
Occasional thunder storms Tuesday and
Wednesday.
Mississippi and Alabama—'Thunder storms
Tuesday and Wednesday; cooler Tuesday.
East Texas—Fair in south, showers In tbs
north portion Tuesday and Wednesday.
West Texas snd Arkansas—Showers Tues
day: Wednesday fair.
Illinois nnd Indiana—Fair tonight; show-
era in extreme south; warmer north; tomor
row fair and warmer.
Minnesota—Fair tonight; warmer south;
cooler north; Wednesday cooler In north.
Iowa—Fair aud warmer tonight.
Missouri—Fair tonight, except showers In
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Atlantic Coast I.lnc.
American Sugar Itef
Anaconda
American Loeoinotlve
do, preferrs-l
American Smelting ltef
do. preferred
Atchison
do, preferred
American Cotton Oil
Am. Car Fonndry
llaltlmore A Ohio
Brooklyn Rapid Transit
Canadian Paclfle
Chicago A Northwest'll
Chesapeake A Ohio
Colorado Fuel A Iron.
Central Leather
do, preferred
Chicago A Orest
Chic., MIL and St. P..
Delaware A Hudson...
Distiller's Securities....
Erie
do, preferred
General Electric
Illinois Central
American Ice Securities
Louisville A Nashville
Mexican Central
Missouri Pacific
Total stock salea today l.ri£l
. Out. A '
National Lead
Northern l'aclflc
New York Central
Norfolk A Western
Pennsylvania
People's Gas
Pressed Steel Car
preferred
Paclfle Mall
llendlug
shares.
Reading
Republic Steel
Rock Island
do. preferred
United States Rubber
do. preferred
Southern PuetiUt
Southern Railway
do. preferred
8loss-8heffleld
Tenn. Coal & Iron
Texas A l’aclflc
Union Pacific
United 8tates Steel...
do. preferred «...
Va.-Car. Chemical
do. preferred
Western Union
Wabash
do. preferred.
Wisconsin Central
preferred I
NEW YORK.
York today?
oct!’:
Nor. .
Dec. .
Jan. .
Feb. .
March.
Ma;
6.641 8.78
8.d 9.00
8.90 9.06
9.00 9.21
9.10 9.29
9.15 9.16
9.24 9.40
lav. . . .| 9,311 9.48
Closed steady.
ill ! Ill
72|T7iT4lT^67
9.16 9.16| 9.80-32
LIVERPOOL.
Following table gives opening range and
close, compared with yesterday's dosing:*
Futures opened steady.
Opening Previous
ilango. Close. Close.
4.96 -6.01
4.86 -4.91
. ...4.86 -4.89
. ...4.86 -4.89
....4.87 -4.9U
, ...4.89 -4.92!
. ...4.90H-4.96
. . .4.92 -4.97
. ..4.9SV4
4.06 -6.00
September. .
Sept.-Oct. . ,
Oct.-Nor. . .
Nov.-Doc. . .
Dec.-Jan. . .
Jan.-Feb. . .
Feb.-March. .
March-Aprll. .
Aprll-May. . .
May-June. . ,
Closod firm.
6.06
ffl
1:8*
4.S3
1.86*
6.00 iSg
6.02 4.90H
6.03Vi 4.92
6.06 4.92.
NEW ORLEANS.
turea In New '
ill j a l III
Sept ... ,| 9.16| *.16| 9.161 9.16| 9.16-161 9.04-07
.Oct | 9.021 9.16| 9.02| 9.14| 9.13-141 I.OCMU
Nov I 9.10| 9.101 9.191 9.10| 9.14-16| 6.00.03
Dee 9.071 9.17| t.03| 9.16| 9.14-161 9.014)3
fan 9.141 9.261 9.091 9.331 9.33-231 9.06-06
Keb 9.26-28 9.12-14
Mnreh. . . .| 9.24 9.36 9.S0) 9.341 9.32 34 9.19-29
Closed quiet and etondy.
NOTES ON GRAIN
Pointer! on Prorlglong.
Private Wire to Ware A Leland.
Chicago, Sept. 4.—There Is not much snap
to the wheat this morning. It Is higher;
still the trade Is small.
Think conditions are very favorable for
sn up-turn In wheat.
World's shipments, Chicago board’s fig
ures: Wheat, 9,240,000, against 9,994,000 the
previous week and 9,664,000 Isst year; corn,
3,490,000, against 3,672,000 last week and 4.
264,000 Iset year.
tlnlrss It gets outside heln, the market
will break easily. It Is 74c asked now, and
the crowd apparently have all they went.
Oats opened firm on general commission
house buying. Kldston fair buyer of De
cember.
There wss buying of January riba by
commission houses, thought to be foreign
account. Nearby futures dull and quiet,
with light demand and light offerings
Chicago Record-Herald: Dellveriea on Sep
tember contracts ware 2,460,000 wheat, 6,000
corn, 1,100,00 oats, 90,000 rys, 3.760 pork, 4,750
lard and 3.500,000 ribs.
Frailer, Woodbury, Jackson
Booth a ‘
Wrens,
glo.
_ F*r,
w mails ituBcuirnnm Bros., Bhcarsou Ham-
mill * CO., and Bartlett-Frazier. Tbe oats
were mainly taken In by Wells for the
American Cereal Company.
‘ ‘ fr-Ocean: Now that Septem-
art out of the way, the trade
Is looking for a little rally In grain values,
fldence In tho stal
: opera toi
blfity of
wheat values wi
ns. 17.751
Limes. 60<i76c.
Inespples. II.
ianauas, straights, ner bunch, |L6
Us. per bunch. $1.00«L2S.
OULtBY AND COUNTRY PROD
re heus, 354»37Hc; fries, 22V*628c;
Cnl Is,
Live .
era, 15£22V4c.
Live ducks, Pekin, 35c; pi
Dressed bens, per pound,
n, 26c.
bunch, }L6001.75.
s. Pekin, 35c; paddle. 26027HC.
tens, per * —*•-
Eggs, per dozen.
Butter, table, '
12013c.
iund, 20O33V4c; cook-
pound; In one-pound
V fTg STAB L E g—I rl sh potatoes.
loner, new,
e, per noun
1, 12V4016C.
• 8010c pou
racks.
stock. 12.52*4 barrel; ner bushel, 11.00.
onions, 3c per pound: cabbage. lVfcc pound.
New gweet potatoes, 60c bushel.
FLOUR. GRAIN?PROVI8ION8.
FLOUR—Posters patent, 15.75; Diamond
patent, 86.10; Mascoutah Star. 34.10: fancy
patent, $4-60; Red Eagle, $4.15; Blue hlbbor
8&90; fancy, $190; spring wheat patent, |5.<
®COitN—Choice red cob, 76c; No. 2 white,
71c; No. 2 yellow, 74c; mixed, 73c.
OATS—Choice white dipped, 62c; choice
white, 60c; choice mixed, 48c; Texas rust
PI MEAL^'PIaln water-ground, per bushel.
71c; bolted. 140-nonna .ares, per bushel, 66c;
hprts. white, 11.60; medium. 61.40; brown,
1.36; pure bran, 11.10: mixed bran, 11.01.
I1AY—Timothy, choice 'arse bales, 11.10:
do., cholco small bates. 71.06; do.. No. 1
timothy hales, B.00; lw. A H-00; do., No. f
closvr mixed- 6L00; do., No. 3 etover mixed,
90c.
CLOVER—Choice 90c.
The above prices ar* f. o, h. Atlanta, and
subject to Immtdlite^ifc^tUnre.
very strong
Llarket
C'OFFEftRoasted Arbticklo'a (16.60.
bulk, Jn bags barrels, 13c; green, 10O
according
grade. Market very strong.
CHEESE-Fancy full cream dairy. 1474c;
twins 14c: brick 14c„ Market strong.
PROVISIONS—Suprem# hams, IV. Dovs
lnms, 15Vic. California hams. 10V4c; llwl
Cross bame, IV. Dry salt extra nhs, 69.76;
bellies. 20-6 Ilia., 610.W; fat backs. V; pistes,
V: Supreme lard. 69.76: Ited Cross, 10c.
Snow Drift compound, 7Vic; Bed Cross, 7Vic,
Cattle—Receipts 10,000. Market, light
— *- quality fair; beeves
. 4.78: heifer. 62.26®
6004.60; good prime steers
to medium 63.604f5.25; stock
KSL— —
6.2S: calves 66.1
66.3604.(0; poor
“ *- ALABAMA I
GIBERT & CLAY
STOCKS. BONOS,
r. COTTON. GRAIN.
COFFEE, PROVISIONS
ICMDERlt
ATLANTA. OA.
v._ „ . MEMDERSl ,
Jwk Stock Exchsngo.lNew Orlssns Cotton Exehsngs.[Chicago Board of Trads.
^ ori«n" isa
and Lena DIsUno.TaVsphon^ 529M Kicl “ n ^; n. FAGAN. Maniflarw
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 858.
ATLANTA, GEORGIA-
la expecting a heavy ran of oats In th*
Northwest. Hedging sales the past few
days have been greatly reduced.
The lake rates are lower, wltt charter*
for 286,000 wheat at lVi01Vic aud 300,000 corn
at Hie to Ruffalo. ■ _
Cash business In wheat In Chicago Satur
day wns 280,000 bushels, Including 146,000 No.
3 hard ami 126,000 No. 2 red.
Hales of com were 176,000 bushels and
oats 146,000 bushels. The seaboard sold 96.009
bushels wheat, 16,000 coru vnd 76,000 bushels
oats.
decrease of 1,143 tierce* of contract lard
snd 2,000 tierces other lard. Hhort ribs de
creased 2,000,000 pounds and stocks of all
meats decreased 7,306,000 pounds snd ire
94.411,000 pounds compared with 96,119,000
liounds last year.
Minneapolis had 40 cars new wheat Hat-
few spots and of 16 to 36 bushels In others.
NORTHWEST CARS,
The following figures give tbs northwttt
ears today, last week snd last year:
Today. Week. Year
Siff'::;::: » » &
DEMAND FOR CASH
REPORTED BETTER
Cables Were Higher and World’s
Shipments of Wheat Smaller
Than Anticipated.
By Private Leased Wire.
Chicago, Sept. 4.—Another plum was
knocked down and devoured by the
wheat bear* In board of trade. The
continued “hedging" sales by cash
houses and the backing away from the
now crop by foreigners were the strong
Influences. Closing price, showed wheat
5-8@3-4 cent lower; corn unchanged
to l-2c off. Oat. 1-8® 1-2c lower and
provl.lona 10@>3Sc lower.
Cash .ale. here were 6,000 bu.hels
wheat, 86,000 bu.hel. corn and 76,000
bushel, oat..
At th. seaboard two load, wheat and
50.000 bushels oat. word taken, but no
corn waa reported.
The visible supply showed decrease,
of 1,176,000 bushels wheat and 249,000
bushels corn, while oats Increased 1,-
172.000 bushels.
Primary receipts of wheat 1,081,000
bushels and corn 919,000 bushels, com
pared with 2,095,000 und 917,000 bush
els, respectively, the year ugo.
Clearances were 1,323,000 bushels
wheat, 76,000 bushels oorn and no oats.
GOV’T WEEKLY
WEATHER REPORT
vailed. The rains were scattered aud light,
except In the northeastern part of the
state, wjiere they were locally heavy. The
temperatures were uniform snd above the
normal.
Arkansas—The forepart of the week wns
unseasonably cool, but the latter, part was
warmer, the mean temperatures I wing tie-
low the normal. Tho cool nlghta were
unfavorable. Tnere was no rain, except In
Hot Hprlnc and several northweateru
counties. The dr/, sunshiny weather was
generally favorable, except In the extreme
southern portion.
North Carolina—Weather warm nnd
rainy during the forepart of week, nnd
denr nnd somewhat cooler during the lat
ter part of the week. Italnffall wns much
above the normal, and caused s great
amount of damage. The mean temperature
was about 3 degrees above the normal.
Oklnhomn nnd Indian Territory—Th#
mean temperature was 2 to 4 degrees lie-
low the normal. The precipitation wss
shove the normal lu the central portion,
snd geennUly deficient In the eastern snd
western divisions.
South CaroHaa—Heavy local ralna fell at
-ldA»*senarsted i “ *'
but
nnd central nnd extreme northern coun
ties. High midday temperature snd cool
nights were the role. A warm wavs pre
vailed from Tbursdn/ to Saturday. The
weather was generally favorable.
Georgia—The days -were unseasonably
CHICAGO DRAIN MARKET.
Open. High. Low. Close. Close.
CHICAGO CAR LOTS.
Today. Tomorrow.
Whrat 93 M
Cora 416 961
Oats 903 291
THE COFFEE MARKET.
New York, Hept. 4.—The coffee market
opened at s decline of 6 to 16 points In re
sponse to lower cables and th* continued
abeenre of news regarding the progress of
valorisation. Receipt* continued large, snd
while the fact that Karl Krlecbo attempted
nn estimate of the Hraalllan receipts for
September was probably dne to uncertainty
over the effect or valorisation doveliqimcnts,
there were many who liell.re.1 that It re
flected the probability of sn abnormally
henry movement —Glbert A Cloy.
Following Is tho opening range snd close
of th* New York coffee market for to
day: _
Opening
lunge. Close.
ftBBr-«»
March. 6.604.66 6.404.45
$fc. iSJS
June flSiK !£MS
Jnly *-76-4-6° 4.164.70
August.... . 6,80-4.10 6.764.90
September JSSiS JSSi 1 ?
October . . ,6.104.20 6.064.15
November.... 6.164.90 4.164.20
December 6.264.30 6,204.26
Closed steady.
THE COTTON 8EED OIL MARKET.
September.
October. .
Norember.
Dccemlier
January. . , .
March
Closed steady.
THE 8UQAR MARKET.
:y Private Leased Wire. .
New York. Hept. 4.—The domestic refined
angur market wss unchanged on the basis
of 4.69 net less 1 per .sent for cash for
line granulated ousted by all refiners, ex-
rent the Federal Hngar Company, which
Is doing business on the basis of 4.70
*.
Local raw sugar at
1 1674; musevtdo,
fe* i *
Ki-A i f
OATS-
fc £8 85
May 34 34
FORK—
8*pt
JrtU.... 13.40
LARD—
riept.. 8.70
Oct... 8.82*4
Jan.., 7.36
HIDES—
Kept... 8.80
Oct.... 8.66 n.D/i
Jan.... 7.27*4 7.27*
CASH WHEAT-
8 11 I?
ii.'ti iilio
9.7746 1.69
84246 1.60
7.16 7.6746
1.(9
1.69
7.20
a a
8.65 9.10
1:8* ?:S*
PRIMARY MOVEMENT.
„ tha" primary
movement of wheat and corn today:
Wheat—Receipts 1.081.000 bushels, against
016,000 bushels Isst year: shipments 437,-
Q bushels, against 700,000 bnshsls last
year.
Corn—Receipts
Com
912,000 bushels last
bushels, against 700,
919,000 bushels, against
S ear; shipments 686,000
0 bushels Isst yesr.
LIVERPOOL GRAIN MARKET.
Wheat opened *8 higher: 1:30 p. m., 1 t
H higher; closed % to l*i higher.
Coru opened unchanged; 1:30 p. m., % t
% higher; closed onebangsd to *4 higher.
wnrtn aud the nlghtn cool, the moan tom-
ahowers In "most sections,' ’ the' showers
mat. Weather waa Wood/,
Privhte Wire to Ware & Lelnml.
New York, Sept, 4.—London boosting.
Large reports expected, snd Kuhn, Loeb
& Co. taking over half Pennsylvania
holdings In Baltimore nnd Ohio and Nor
folk and Western Is rery bullish on these
stoesa
Bailers we will hat# a good advance In
Baltimore nnd Ohio.
Dow-Jones' summary:
American stocks In London booming *602
per cent above parity.
Two million dollars gold engaged In Lon
don for New York.
Pennsylvania sells half Ita bolding of Nor
folk sml Western and Baltimore and Ohio
to Kuhn, Loeb A Co., surrendering con
trol of tnoce roads.
Bar silver In London touches highest
point In tan years on Indian government
buying.
Burlington report show* real surplus of
about 19 per cent on common.
Herman Oelrlchs Is dead.
National City bank and Bank of Com
merce shows largest decreases In loan ' In
bank statement.
Forty-three roads for third week In Au
gust show sn average gross lucrease of
13.62 per cent.
Thirty-five railroads for July show
average net Increase of 16.08 per cent.
Twelve Induatrlnla advanced .41 per c
Twenty active railroads advanced .90 per
ST, PAUL OPENED
AT SHARP ADVANCE
It Was Special Feature at
Restimption of Business
This Morning.
OTHER ISSUES HIGHER
Prices at the Opening Were
Animated and Buoyant
London Higher.
Ints
_-, r prices.
bulges this morn
New York,
o s big market and much
ula take profits
1 buy iMick onl.
that Pensylrsuln
tfi
In Unlou Pacific.
The New York Financial Bureau says:
The stock market ■•cm* to be temporarily
oversold. The action of the list on the un
favorable bank statement Saturday Indi
cates that. Further betterment la likely
today, but we would not ne ‘ ' -
turn*. Specialty Improvemen _
policy ns near ns we can learn. Otherwise
we would maintain neutrality. There are
n number of Issues that can easily bs put
higher on account of non-distribution. Be
conservative, but refrain from selling short
for th# time being. The general situation
■hows betterment If anything, although we
a. * tement as having
pulated.and that
[ out The banks
expect to get gold thl* week, however. In
considerable volume, nnd If that la so there
will not be ranch difficulty experienced, al
though call rate# will likely be high today
on account of the tightness over the first
of the month. It Is evidently the determi
nation—ninny signs Indicating It—that tho
banking element will try to put prices
higher for distribution later. If the/ esu
hold them generally st advanced levels,
well and good. Bat that Is the point. Ths
■train of the demnnd for crope will occur
at Its height soon, and we think the legiti
mate demnnd will receive first considera
tion, although the transfer of stocks abroad
for carrying parpoees will help the situa
tion materially In this connection. Ad
vances will have to be along specialty lines,
and w# believe that If Judiciously carried
out there will lie no groat trouble. The fun
damental are strongly bullish, as we have
often wild, snd we would like Tery much,
for obvious reasons of personal aggrandise
ment. to see s broad bull market, but w*
of that
mean-
...— - , a close
observance of the Individual position ns
heretofore referred to.
mom, u» see a oroau nan marsec, out
vannot conscientiously predict on# of
kind unless money permits. In the m
time we advocate conservatism and s i
In the north portion. The sunshine was
north portions snd slightly _ „
southeast portion. The rainfall wss de
cidedly deficient, except In Petri River
county, snd the drought Is becoming se
rious In northeastern and soma eastern
counties.
Texns—Fair weather prevailed daring
le greater part of tho week, with ample
inshlne. Scattfred ahowers occurred dur
ing th* latter part of the week. The rain
fall -was generally light, except In por
tions of western snd northern couuiles,
where It was normal. Temperature was
unustnUly low at the beginning and high
during the remainder of the week. The
mean being normal or allghtly above, ex
cept In the extreme western counties,
where It waa below the normal.
Ton nt*s«*e—Over most of tbe eastern aec-
tlon tbe week wss warm nnd showery, the
per ceuL Sterling exchange 4.&>!«l!4.M'u *fc.
By Private Leased Wire.
New York, Sept 4.—-The market this
morning was again subjected to the
conflicting forces of a violent specula
tion. Some fairly sensational gains
were made In particular stocks, and
taking the list as a whole, all advances
were more numerous than declines. But
the movement after the first few min
utes of an excited opening, was ex
tremely Irregular, and In many quar
ters profit taking sales, conducted un
der cover of the great strength In the
day’s leaders, was fully a match for
the new buying orders. There was
every reason to believe that the Lon
don market had been "rigged” for a
speculative opening here. On buying
orders cabled from this side and dur
ing the holiday prices were held up
over our high points. This led the is
sue anticipated in a furious rush of
buying at the start of tho local trad
ing. The Pennsylvania’s announcement
of the sale of half of its Baltimore and
Ohio and Norfolk and Western hold
ings caused an exceptionally active
speculation In all three stocks. But
the extreme stiffness of the money rate
—call loans touching 9 1-2 per cent—
and the publication of the subtrea.sury
statement showing that the banks have
lost In two days only more than $6,-'
000,000 took the keen edge off specula
tion enthusiasm and for the rest of the
morning realizing sales were as much
In evidence as fresh operations for the
rise.
Tho special feature nt resumption of busi
ness on tbe local stork exchange today wns
an advance In St. Paul of 4*4,per cent. The
»ral opening was animated nnd buoyant.
folk and Western, also Southern Pacific,
started In 1*4 higher. Baltimore nnd Ohio
gained 1%, Canadian Pacific 1%. Amalga
mated Copper snd Pennsylvania l»i. Other
gains st the start ranged from % to f;.
Following the strong tone and shnrp ad
vances In London, the market hero, nfter
making henvy gains on first sales, continued
strong during the first hour, with Union
Pacific, St. Paul and Baltimore nnd Ohio
the leading features.
St. Paul sold ns high as 133, ngnlust 177*4
at the doss Saturday, practically a new
high record, as the rights snd dividend nr«
now equal to 20*4 points. Union Pacific nl*4»
made n new high record, advancing to l%\.
and gains of over 2 points were made In
ling, Northwestern. Canadian Pacific
Great Northern preferred. The news of
sale of part of the IVnnsylvnnln hold-
—j of Baltimore and Ohio and Norfolk
aud Western was considered significant «»f
the coming readjustment of the relations
of the great raJlwny system, and u number
of other changes of Important character .ire
expected at frequent Intervals from now
London bought 6,000 shares of stock on
arbitrage account daring the first hour. The
market at the close of the first hour was
being heavy In scattered localities on aev<
eral dates. The total amounts were con
siderably shove the normal
Louisiana—^The week was dry, except
that scattered showers occurred lu the
last two days. Tbe rnlnfnli wns general
ly light,'* and was deficient In. all sections.
The temperature was above the Dermal
In tbe south portion and about normal
SCHOOL BOOKS
AND ALL SUPPLIES AT
JOHN M. MILLER CO.’S,
39 MARIETTA ST.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCKS—BONDS GRAIN
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application
waa general
lu Ort
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent's Capita! $250,000
RCFKRCNCC, TMI NEAL BANK
PHONE HIV. PRUDENTIAL BLDG
HUBBARD BROS & CO., mKants
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 above exchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Distance 39. A. S. Hustace. Mgr.
THE MADDOX-RUCKER
BANKING COMPANY,
with capital, surplus and
shareholders’ liability of
$900,000.09, solicits ac
counts of individuals, firms
aud corporations.
Idle money waiting an
investment can draw 3 1-2
per cent interest in our
Savings Department-with
drawal any day without
notice.
LONDON STOCK MARKET.
Atchison.. .. ,.
ranadlnn Pacific
Chic., Mil. and 8L Paul..
Brie..
Illinois Central
Louisville and Nashville. . .
Rending
Pennsylvania. ..
Southern Paclfle. . . . . ..
Union Paclfle; .. ..
United States Stiwl,. .. .. ..
do, preferred
n!cios|c
{SSlzlJ.sO
107 110* j107 1 •
177U 177 177%
•S.7% H2*|176H
»*5V 47 4»»%
174 i175 174*4
149% I50U 149*1
3V 4 139% 137 1 4
IlK 144%.14J*4
9»Y 9 »I
0f> % lay*-
G%> 47%' 46%
— !i27t*
8TOCK8 AND BOND8.
106*^
Atlanta, m. ini l «
Atlanta* and West Point. .
Atlanta and Weat Point Dcbta-JOT
Central Railway of Georgia 1st
Income
do. 2d Income.. ., ...
do. 3d Income ,
Georgia
Augusts and Hnvannah.
jeorjli
and A. lata..
. ..286
. .116
• ..116
. ..120
..112
Killed by Falling Slate.
Special to The Georgian.
Chattanooga, Tenn., Sept. 4.—Will
Henderson, single, of Carpenter, Ala.,
was instantly killed at Durham mines.
Durham, Oa., by falling slate. His re
mains have been removed to Carpenter
for burial.
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 Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
gal 3J
3.12*4,
corroN^itAn^ ^rovisiSn^Stocks^bonds,
ffe. 2 Watt 51., fsfrrt Boildlag. Atlanta. Oa.
Sew Tart Cattea Inhaage.
UlMBtRS:
Sew Orltaat Cotton tachaage.
ihtnaai Cattaa Aiaae/atlaa.
hit ate Wires to Sew York. Sew Orleans. Ckteaga.
Bell Phone 120.
Chicago Board d Trade.
Chicago Stock Cachaoge.
Hew York Collet la change.
B. C. COTHRAN. Manager.
Standard rhaa<
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. E. CURRIER, President. A. E. THORNTON, Vlce-Preeldent
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Caehler
JAMES S. FLOYD, Ait’t Caehlfr.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.