Newspaper Page Text
THE ATLANTA GEORGIAN.
WEDNESDAY. SEPTEMBER 5. 19<W.
11
ENGLISH CABLES
SURPRISED TRADE
prices Decidedly Lower at
the Opening in Liver
pool Market.
liquidation FACTOR
The Response in New York,
While Decidely Lower,
Was Not Full.
Bf Prlrito liMied Wlr».
%tw York. Sfpt. 6.-The local market at
rtf ittrt, while decidedly lower, hardly
Mtrh«l «he weakoeaa of price* at IJrer-
' I ,.f action of the market there com-
Jutfi,- aurprialne tradera hero. The H'cak-
hu thread wat explained In prlvato cables
.. helna due to liquidation and laraer offer-
tafi from Interests In the South. The trade
Eire also had a theory that some of tho
itf.il lours had sold out In Liverpool orer-
Srtt First prices here were 11 to 14 points
SKr. and there was enonrh covering on
Ih» iiecllnc to prevent a full response to the
break In the linfllril ninrketa.
Sneculators wno- bought cotton futures
S StrnUr with the exiieetntlon of a cpn-
nnsnee of the advance today were h-~t
O I surprise this morning by an
Sftrd decided decline In the Llv
hand,
unex-
^ctrd decliled decune in tno Liverpool
"vfsb-rdny't advance In the American mar
ten called for an upward turn of about
| Ha's, and when It was seen that It
rtewrd n decline of ns many points, the
milf was nt a lots to dud a reason for
ihr failure te respond to tho hulllsli erop
adders, rapeelally from Texas, eurrent dur-
lis the trading lieura on this aide.
fiowever. It did not follow onr
vsnre, and our market was due to open at
dsrllnrs of from 1SB17 points. Opening
prices were 13614 points down, but after
hr call prices eased off n few print,. after
irhlrh the market turned dull with B\
tloni narrow. . . * . . .
Business Is expected to lie of a profes-
■lenal clinraeter for tho .remnlnder of the
wrrk. the trade preferring to wnlt the
Duplication of the government condition
kail dinners' reports next Monday, the
emlltlmi report at 1 p. m. and the gin-
era' report nt 1 p. m„ New York time.
The Interior movement for the half week
ending September 4 la ns follows: Its.
relpts 36.513. shipments »,4J0. stock, Bep-
traibrr 4, 86.339. August M, 80,711. No
comparisons last yenr.
Estimated receipt* tomorrow:
1906.
..1,200 to 1,800 1,541
. .7,000 to 8.000 10.86*
8.000 to 8,000 7.265
At the close, the tone was steady, with
•rlroa 5^7 point! below the closing of
New Orleans..
Galveston.. ..
Houston.
[trlCl'.l ll«;
Tuesday.
8POT COTTON MARKET.
IJvrrpeol,' busliissa nuwlemte, with prices
iteadj; aiM.lllug uplands 6JWi tale* 6M:
Anemia 4.AM; apcc-datlon and expert MJJ
receipts 5,000: American 4,300.
Atlanta, steady at »Hc.
New Verk, quiet at *.90e.
New Orleans, ensy nt 984c.
Anjtustn, steady nt 9 8*16e.
Maranrmh. steady nt 116-lfc.
Ht. Ieouis, qnlet nt 9%c.
Norfolk, steady nt 9%c.
Houston, stonily nt 9 8-16C.
Galveston, sternly nt 9%C.
Memphis, qnlet nt 9%c. .
Baltimore, nominal at 9%fc.
Charleston. stendr nt 8%c.
Mobile, quiet at 8%e.
Wilmington, nomlnnl.
NEWS AND GOSSIP
Of tho Fleecy Staple.
Private Wire to Glbert k Clay
—.. ~ w.hert & Clay.
b.fW,^ or ^* 5s—Liverpool at
*44% lower. Was expected 4fc5 h.„
cable*: ‘Decline due to gen*
cotton*” 1 * 111 ** nrtd ***** of si>ot
A Journal of Commerce dispatch *nr»
the government ertfp reports, due on Hiit-
urday, September 7, are likely to be post*
poned to the following Monday, owing to
necessity for n conference between the tg-
rtcultur.1 department and census bureau.
w * *: l, l notify as soon as rtmflrraed.
Market steady nt moment. Wire houses
buying a little nt the decline, while the
larger room traders are disposed to sell.
Some of the larger local traders are dl«-
nrelln»lted° IODg nnd flt proaeut offerings
The Jbnrnnl of Commerce snys: "Trade
opened steady, with a notable degree of
firmness manifested in some divisions of
the cotton goods market. The Inability to
drive cotton to as low n point as some
buyers expect*! to see It has hnd the ef.
feet of stiffening sellers, nnd they were
more free In their expressions of a stronger
market In consequence of the veil Si
conditions of munv lines •*
New Orleans. Kept. 6.—Liverpool 445
down Is surprisingly.,poor. An advance of
5 points wns due.
Receipts of new cotton nt the ports for
ot •tolrand August this year
107,316. against 75,429 last year and 79.748
In 1904.
Wnxnhntchle, Tex., wires ns follows:
"Rained here yesterday evening and all
night: still mining, a slow drlxxle."
Market steady at opening decline. It be*
lag feared that the general rains may
cause further damage reports to come In.
Ensttni forecast Indicates fair weather
tonight nnd showers tomorrow for Ain*
bama. Mississippi nnd western Floridn.
Balance occasional rains tonight and
Thursday.
The western forecast Indicates fair
reather tonight and touArrow for weatern
Texas, and pnrlly cloudy, with probable
showers ;n the balance.
The map shows general rains throughout
with 'londy conditions prevailing. Con
sidered unfavorable, although rainfall is
light.
Private Wire to Ware k Leland.
New York, Bfpt. 5.—Liverpool futures
opened easy unchanged. At 12:15 p. m..
2*0-4 down nnd quiet. Sales. 5,000 spots 2
up nt 6.38d. Futures due to come 4©5
~p.
The New York market opened nlioul ns
eapffoted on Liverpool. Market selling
wns prettv good by bulls who bought on
advance yesterday. Commission house*
veloprd since opening. Weld. Craig and
Carpenter picking up considerable Decem
ber. Market acts os though It might work
up if little.
New Orleans. Sept. 5.—Cables ai
nationally unfavorable. Instead of 1
nn, as they /were dne. there was
cllne of 6 points In Liverpool.
New York wlrea: ‘The action of Liver*
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years' experience of ed>
itlng markets In Atlanta
nnd the South has made
him a recognized an
thorlty In bis specialty,
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper..
Atlantic Coast Line. ..
American Sugar Ref. ..
Anaconda
American Locomotive..
do, preferred. . . .
Amor. Smelting Kef. .
do, preferred. . . *
Atchison. ....... ,
do. preferred. . . .
American Cotton Oil. ,
Amer. Car Foundry. ..
Canadian Pacific. . . .
Chic. A Northwestern..
Chesapeake A Ohio. . .
Colorado Fuel & Iron..
Central Leather
do, preferred.
Delaware A Hudson. ,
Distiller’s Securities. ,
Erie
do, preferred. . . .
General Electric. . .
Illinois Central. . . .
Amer. Ice Securities. ..
Louisville A Nashville..
Central.
Pacific.
m
m\\ ni%
143 142%
136*41 136'
136%! 136%
281 | 280%
71%
m
NAME OF STOCK.
135%
274%
70%,
113%! 113% 112 ,
150 | 153% 153% 15:
116% 116% 116% 116%
106fc 107% 107%! 106%
i 100% 100 1
51%! 31% 31%! 32
30% 397*1 39% 39%
121%’ mw 121%l 122%
78%' 78%j 77%
175% 176%
212 I 211%!
64%
55
38 _
... 192 101%
17% 17% .17%
177UI 179% 179% 179%
215%( 216%; 21C% 217
»%l 6141 : 60%
- m
167 1«%
173% 173%
81% 81%
147% 147
■ »
20%
97%| 96%
Total Stock stile*
/L’Y.75ur5“\Vestern. .V.' . .
National Lead. . . .
Northern •
New York Central.
Norfolk A Weatern.
Pennsylvania • • . .
People's Gns
Pressed Steel Car.
do. preferred
Pacific Mall. .
Reading. . . .
Republic Steel
United States Rubber,
do. preferred. . . ...
Southern Pacific
Southern Railway. . • .
do. preferred
Sloes-Sheffield
Tenn. Coni A Irob. . * .
Texas A Pacific
Union Pacific. ......
United States Steel, . .
do. preferred. 4 . . . i
Vo.-Car. Chemical. • . «
do. preferred. .»• • •
Western Union
Wabash. ....... • <
do. preferred.
rif'/KM eharee.
NEW YORK.
wn* manipulated
no. sympathy or ssslstance may be ex
pected from abroad." „
Liverpool cables: "Neither the spot de*
and nor the speculative, demand strong
enough to sustain prices. This morning s
developments simply show the narrowness
of the speculation at present.”
According to exporters, the Interior la of-
fering eotton freely nt very reasonable
prices. One exporter save that he has
bought Liverpool good middling. Spot de-
“vary In Savannah 2 points on October.
The market Is dull, but steady. The gen
eral opinion seems to be that the crowd
In New York, who are manipulating the
market, will put prices up, hut that on
12.619 hales, against 88,947 last year. The
amount of cotton on shipboard Is 2,679
boles, aaglnst 5.649 Inst year.
Washington wires: "Cotton ginning re
port will be Issued on Monday, the 10th,
■tip. m." ,
GIBERT A CLAY'S
DAILY COTTON LETTER
TODAY'S PORT RECEIPTS.
Thr following table shows receipts at the
ports today, compared with the same day
last year:
New Orleans. ,
'•iilreftfon. . .
Mobile
Kurnnnab. . .
ilinrleston. . .
Wilmington. .
2259
Wi
1692
7282
INTERIOR MOVEMENT.
The following table shows receipts at the
Interior towns today, compared with the
Mine dsy last yeuri
Houston. ,
Aufimtn.
Memphis.
| Nt Lulls.
yield of cotton
THE PAST SEASON
The cotton erop for the year ended Frl-
6*r. August 31, 1906, according to Secretary
iieiirr t{. Hester - -
,vJ..' , ‘ xrh ®nfe, fi
33.565,885 last yen
. of the New Orleans Cot-
. foots up 11.345.988, against
year and 10,011,000 the year
Following is the production by states In
thousand* of bales:
1905-6. 1904-5 1903-4.
1.389.000 1,470.000 1.0(X>, 000
636.000 806,000 706,000
80.000 89,000 65.009
1,900.906 1.976.000 1.326,000
625.000 1.100.000 824.000
1.235.000 1,777,000 U87.000
714.000 776,000 668,000
1.176.000 1,300,000 826,000
647.000 691.000 461.000
3.026.000 8,584,000 2,876,000
Alabama. . . .
Arknniws. . . ,
ITorlda. . . ,
‘•rargis. . . . . !
J-mdslann. . . . ,
Jflsslsrippt. . . ,
North Carolina. ,
ywith Carolina. ,
T^nneaseo. . . .
Texas-1. T.
Total
frop.
11,346,000 18,666.000 10.011,000
THt DRY GOODS MARKET.
„ v "'k- N-Bt. i.—The wbalMsIs drjr
p" 'llflrtct ws. mer, nr l-ss qnl.t .ftor
It, Hessonable weather Is having
"f? i S'i! nn "tartlng the retail fall trade
hclf i y * nn .‘* reflection of activity at
tnS: H ?*'*’'* to the activity of the jobbing
Initial i'* I' 10 ,ar *t° numlter of buyera here.
22*'J""*, 1 }*** to men’s wear Is over and
WnotS! X ,lu, n a rear ago In both
vno,f, »a and worsteds. *
New Orleans. Bept. 5.—Optlona In Liver
pool opened easy nnd unchanged, but Im
mediately n decline set In which, owing
to the nheence of-any demand for spol
cotton nnd the liquidation. In a narrow
market of the long Interest, caused a net
loss on the close of 3 points over yester
day. Spot sales were 6.000 bales, 2 points
higher. Prices In the American markets,
to conform with tho disappointing course
of options nbrond. showed n marked de-
cl In. on tho opening, ii ilccllnc from which,
(lo.plte tbr f.lrly ntonrtv hurln* to clonn
jihort communiont,. tint little Improvement
neenrrefl. The nhnenee of nny ninrked fen
tnre tended to eonllne priop ehnnjen with
In exeedlnriv nnrrow llmltn. nnd eren Ih.
generally wet mnp nnd pronpectn for *
ntorm o» the ftonth Atlnntle eonnt erenled
onlr penning Intkeent The eennnn rerort
will ho iMtied on Mondnr next nt t tieliWk.
our time, mid in connection with thin It
in Intern,tins to note the rtsnre, of eom-
pnrlnon nn embodied In Henter'n report with
enpeelnl reference to the receipt of new
rollon to Beptemhor !. For the srowth of
1IF15-1907, 107.215 holen; for that of H06-19M.
7MSS hnlen nnd for the linmner crop of
1904-1006. 79.74* hnlen. Theno Bsnren nntn
rnllr sire rine to ennnldernhle npeeulntton.
owl'n* to the henrr Inerenw thl. vwif over
nrevlonn renrn. The condition report #111
likewise he pnWInhcd M"nd,y. one honr
enrller. «nd nnlll the« olflrl.l nl.tementn
nre out of the wny. tt t, nnllkeiy thnt
nny rndle.1 ehnnie In market price will
oeenr. ■
WARE A LELAND'S DAILY
• DAILY COTTON LETTER
New flrlesn,. Rept. 8 -The cotton m.rket
wn, dull nnd In n wnltlns nttltude today.
The government nt lYnnhlnston* announced
thnt the report on the nmonnt of cotton
Sinned Prior to Septemlier 1 would lie la
med nt 1 o’eloek. onr time, on Monday next,
nnd thnt the report on the nmdltlnn of cot
ton on Angont 25 would he Ihwol at 13
o'clock, our time, on the name day. Nat
urally the tendency wnu to nhovten nail un
til thene reportn were nut of the way.
Liverpool rnlilen were unfaviirnlde enough
to hnvc nent prleen eonnlderaWy lower thnn
they did go. hut a rather large nrofeanlonnl
following neemed to he working to pnt
nrlre, higher whether eondltlonn wnrrante.1
higher prtee, nr not. gnd thin aaved the
market P from lu;enklngverThndrafo | ,nd
th>' opening, when Liverpool prices' were
alHiQt 6 points down Instead of about 5
points up. as was due on the fluctuations In
the American market* yestentav. Cable*
said that the market was affected adversely
by bulls selling out and also bv the press
ure of actual eotton. The result of the re
fusal of the American nmijketa I* resumd
to the depression ncross the water estnb-
tlshefl a parity l»etween October and Octo-
ller-November of W potoJ£- A while ago the
nniity was as high «*■ i^V&'hJ****?*!
long time tt was aroqad 16 and later around
S5. which permitted exporters to do busi
ness at a comfortable margin. The pres
ent tendenev Is to get the markets of the
Oct. . . ,
Nov. . .
Dec. . V
Jan. . . ,
Fell. . .
March. .
May. ♦ .
closed steady.
3g| S I £5
8.661 8.66-701 k.73-74
8.90 8.90-91 8.96-97
8.97 8.99-01 9.06-07
9.00 9.09-10 9.16-17
9.181 9.98-99 9.26^6
9.26-27 9.9L32
9.83 9A243 9.88-89
9.40 9.40-411 9.46-47
LIVERPOOL.
Following table gives opening range nnd
close, compared with yesterday's closing:
Futures opened quiet and steadv.
5.06
Oct.-Nor. . . i
Nor.-Dec.. „ •<
Dec.-Jan
Jan.-Feb. .. ..
Feb.-March... .
March-April. •
Anril-May. . ,
ilnv-June..
Closed quiet.
oof nlng
Kanje.^CIOft. Close.
L'ifflS
..4.93-4.92 „„
..4.96-4.92 4.91 ’ 4.96
..4.96%.93% 4.92 4.98
4.96 , 6.00
. .6.00-4.97% 4.97 ' 6.02
..4.99 4.99 6.03%
• .6.06-6.01 5.00% 6.06
»:o3
4.93
4.91% 4.94<
K
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware A Leland.
Chicago, Sept. 6.—Wheat showed decided
weakness yesterday, and was a great dis
appointment to the bulls. It may work
some lower today.
Receipts of corn are growing liberal, and
we believe there will Im a free tnovemept
of old corn before the end of the month.
Offerings of wheat not very free, and a
little demand from few local aborts has
started the market up. A rally la In order,
but should be sold when we get It.
Wheat shows no selling pressure so far,
and the undertone Is good. Should we get
a break today It will come mostly from
short selling, and will afford a hard spot
to buy
Trade very light In wheat, but there ap
pears to be tome May wheat for sale. Pit
traders Inclined to play for a reaction.
Think Nash nnd Wright are selling some
May corn this morning. Brokers haven't
given up names yet. Rankin la also selling.
Oats opened n shade easier on selling of
December nnd May by cash houses; buying
.mostly by commission housea on resting or
der*. Market now steady and trade light.
J. II. Wrenn n fair buyer of May onto.
Provisions opened steady at closing prices.
The market Iooka weak and as though It
wlfh^eraamf 1? Ht* 1 *’ scattering
Chicago Inter-Ocean: Investors were
not so anxious for eaih wheat yester
day, and elevator people appeared to hare
recovered from their scare of Saturday,
being Jjeaa afraid of losing their wheat.
a th
do*...
between September and December,
2%c at the close. Elevator people deliv
ered 250,000 bushels of wheat to the morn
ing. It going from one house to another,
and put out agsln In the afternoon. The
aggregate deliveries late In the 'day were
645.000 bushels sent out by Armour.
Cash business In wheat In Chicago Tuea-
ds VT n. 27,000 bushels, corn 80,000 and oat*
At the seaboard, export sale* of wheat
were 160,900, corn 24,000 and oats 60,800.
The glucose Interests were In the sam
ple market for corn yesterday, picking np
all the mixed lota at l%c on track. Ship-
K ra took the yellow corn at 2%02%c over
ptrmber, the bulk of the sales being at
•%c on track. These premium* are induc
ing country shippers to consign their
rather thou sell tt on track bids.
A vote on the proposition to retori
the old rate of commission of %c ah
place trader* for commlalson bouse* «
salary Is to be taken today. It I*
pected thnt the vote will be Ur
igainst the change. Those who prop
.he in-*n*nro jar their mot© ls to seek
an expression or the trade.
. r(mi
».. given by Spell-
J held during the
last three days. Exports as to the condl-
NEW ORLEANS.
The following Is tho range In cotton fu
turca In New Orleans today:
1
o
1
!
a
l
J
Kept
Oct
Nov. ... . .
Dec
Jsn
Feb. ....
March. . . .
9.021 9.04
9.00 9.07
‘&08 *9.*id
9.14 9.18
'9J8| tin
9.02
9.40
1:3
9.23
9.04
9.06
*9.08
9.16
*9.28
9.07-091 9.16-18
9.06- 07 9.13-14
9.07- 061 9.14-16
9.06-00 9.14-16
9.16-17 9.22*23
9.20-22] 9.2*-28
9.27-28 9.12-34
— ...... stocks
should not be Itought for a turn. Every
thing else favors. It. But they can not
put up the market, hold It and distribute
lth nigh money. Developments over-
Ight are not of a kind calculated to In
spire confidence In the outside element,
which was soared out on the 30 per cent
money In the late afternoon, 'rite mar
ket was temporarily oversold. It rallied,
|U The ahortnge was eliminated. What els«
0 could happen with money soaring. Higher
dividends we expect later, so we anticipate
deals. And wo do not believe that, In an
ticipation of them, the market will let
down under any conditions short of a
calamity, but we do believe In not buying
on bulges like thnt of yesterday, nnd get
ting hung up. We are for the dally opera
tor first, last and nil the time, nnd wt
are conscientious about It, regardless of
criticism. Conservatism In WaII street
pays as well as nny place else. Menu
time, follow the neutral trading position
with eyes open for specialty advances."
Closed quiet and steady.
WHEAT OPENED
FRACTION LOWER
Due to Poor Cables and
Good Weather in the
Northwest.
By Private Leased Wire.
Chicago, Sept. 5.--Tb* wheat halls were
In the tall timber today. Trices closed
%0%c lower for the dsy, amt Around the
bottom price* reached. A BroomhsH cable
received late said:
Russian weather fine; arrivals ot wneat
abundant; quality better." This caused
some soiling.
Corn doled %0%e off: oats were down
%0%c, and provisions were up Irregu
larly.
Trlmary receipts of wheat were 690,000
bushel* and corn 791.000 bushels, against
854.000 nnd 909,000, respectively, a year
°*cioarances were 234,000 bnshela wheat,
124.000 bushels corn and 121,000 bushels
Cash sales were 210,000 bushels wheat,
75.000 bushels corn and 100,000 oats at Chi-
Seaboard report* nip# loads wheat, na
corn and 110,090 bushel* oat*.
13,707.000; corn 646,000; wita 4.6
Contract stock* III Chicago: Whrat 8,-
871.000, corn lfll.m oat* l.«M9t 4 .
The feature of the world s shipments of
wheat lost week was the decrease In Rus-
and the Increase In Amer!-
a tens
year’s figures.
rlvrto Wire Gllwrt A Cl,,.
chlcnRu. K-pt. 6—We continue to feel
friendly tn the Ion* .Id® of whMt. r«p«-
cl«llr on reccMlon,.
rime of. the rfnf. The w«Uher U 8no<l
ennnih. hccnrdinr tn the nld ntjlc wny nf
thlukln*. Conridcrnhle ruin wnn reported
ncer the licit nnd pnrtleulnrly In Tcx.n.
Accnrdln* tn the Imlln. wet wMIhcr niid
Imll weecll lire ruttln* Into the Texne Tleld
eery hndly. hut there *r« other, who think
differently. The wml weekly »'»»«ne»t nf
the marement nt thirteen Interior town.
GIBERT & CLAY
"KAUBAMAkT. COTTON, ona7n!
COFFEE. PAOVUION*
lEMBCAit
ATLANTA. OA.
Prime Wire* to ell Exchinze*.
1 end Lena DleUn*. Telephone 5298.
Vf. R. FAGAN. Maniger.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
Both corn nnd net, ippenr to he nlntn*
friend,. Good enpport qnlte notlceihle on
nl,k pntWm » purehene on nny fur
ther decline. _____
THE COFFEE MARKET.
Sew York. Kept. S.-The Sew York cof-
fee mnrket opem-d et«idy nt nnchanknl
prtcee tn n decUne of 6 polntn.«n little
Itetter thnn expected. In Tlew of the lonw
Knmpe.in entile, and lienry llraxl Ian re*
colpta, hut the merket turncl eerier dur
ing the moraine end hy ralddny wne leme
point* net lower. Uter the merket
rallied pertlelly. Tr.dln* we, moderetely
active and llqiildallon hy Wall afreet a*,In
tho feature.—Olltert k ,CI*y. , ,
Follnwln* la tho openln* ranee and cltwe
of the Slew York coffee market for to-
' Openln*
Ifoiiie. Clote.
January
: r.:: v. v. v. "ISIS RSlil
April.... I... L6AH 1«4.M
fiay. .. A. 6.K6 MOA.K
June.. 1664.B 6JM.M
jily” *.« itt+m
6.70 ICtll
Heptemher 6.KA06
Oetri“r_. ,6.00-8.(16 100^.06
Nov em her tWM.16
IJewnher. kX ,.15X1,
Cloned .trade,
THE SUGAR MARKET.
By Prirate Lrarad Wire.
Sew York. Kept. S.—leteal refined end tk>
meatle en*,r eteedr end uneh,n*e<l. Lon
don no*nr ntrady with September end Oeto.
her nnSnn*ed to I* Kd «ml h ,£l rrapee-
tlrely.
CHICAGO GRAIN MARKET.
Open. m*b.
. WHEAT-
SBj= 8 1 r r S
*§ir *88*
OATS—
Kept,
Doc.,
May.
FORK-
II P P 8
8:S»3« ll:T*
:.«!» 1146
fm
Sept.. 11.421
Jan.... 11.90
LARD-
Kcpt.. 8.56
Oct.... 8.66
Jan..., 7.87%
HIDES-
»!:: S:*h IIP
Jan.... 7^6 7.27%
CASH WHEAT—
No. 2 red 71*^
hard winter
8.52%
8.65
7.67%
8.66
8.72%
7.93%
S:Sh
7.871*
1.724 l.«
1
^ ? m w *
NORTHWEST CARS.
Mlnnrapoll,.
Todar. Week. Year
CHICAGO CAR LOTR.
TEXAS CONDITION
ADVANCED COTTON
New York, Sept 6.—The flunr I I
C hiefly owbig to reports of deterioration
Jn the crop In Texas prices advanced.
There seems to be a considerable concur*
renee of evidence on the question of rTMd
pnlrinent of Texas conditions, tho
[question being whether it is In reality nny
f reater thnn nsunl. The New Orleans
Imes-Demoornt ramo out rather emplmtl
cally on tho question of Texas deterlorn
tlon, stating that there wns n distinct
falling off in the condition of the pin ‘ ‘
that state. This statement affected —.
only New York and New Orleans, but
Liverpool noticeably, and really had aa
much aa anything to do with the advance,
lit seems confirmatory of the statement In
the monthly report of The Journal of
Commerce to the effect thnt the deteriora
tion in Texas amounted to nearly 8 nor
cent. Then the southwestern receipts fell
off somewhat, the spot wiles in Liver-
I pool Increased and brokers supposed to be
acting for tho leading cotton operator were
buying. The south, including Texas peo
ple, bought. Take It all In all. It wns n
day when there was greater anxiety to
buy thnn to sell, nnd tho result was |!lnln-
ly visible In the quotations. As the short
Interest is large, the mlvnuco may easily
go further should the rain keep un in Tex
as nnrl reports of damage from tlmt Htnto
nnd elsewhere continue to lie received.
The general run of cotton people, however,
believe tlmt the crop I* doing trail. They
yenr
of high record crop
t."-Glbert & Clay.
em-
ttrk
New Orlenps, Bept 6.—The Tlmes-Dei
oerat: "Crop news over the holidays woi
ed against the benr cause, and with every
body seemingly willing to embrace the dog
ma that a reaction waa due, yesterday's
advance In the world markets came aa a
matter of course. Secretary Hester's
figures showing mill takings of American
cotton to have been more #ian 12.000.000
bales, while consumption exceeded thnt
. 100,000 hales, fully
_Jn) 1
. an any one a few years
ago believed the Southern states capable
of producing with Its tabor supply, and
because of the high price of cottou, our
exports reached high water mark. Tho
magnitude of the new crop Is yet an open
question, and the talent must tire of the
blind luirgsln. Glut is merely a remote
* Er ‘ * — « *
rlsb view that even now prompt* tbe
ipecutator to regard every reaction. ns
nothing better than an Improved selling
I si ids. Meanwhile, th* situation can h*>/Hy
clear up before tbe movement, trade rc-
a nlremont nnd broad gauge speculation
evelop. At the moment, the <tally fre»b
Interest I* too small a thine on whlc’
base Intelligent calculations.”—Ware k
land.
THE COTTON SEED OIL MARKET.
Wheat.
Corn. .
Oats. .
Hogs. .
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat-Opened %0%c lower; at 1:19 p.
pi., waa %$%c lower; closed %0%c lowef.
Corn—Opeuwl %c lower; at 1» p. m., %
0%c lower; dosed lower.
PRIMARY MOVEMENT.
ns ns'irr. «i»f imp |>riuuirj
• wheat and corn today:
dpts 618,909 bnshela, against
last year; shipments 891.000
of wheat
Wheat—Receipt! 618
164.000 bushels last rear; ahlpm
bushels, against 47O.0OO bushels last year.
Corn—Receipt* 891,000 lowbel*. against
900.900 bushels tasC ‘hlpments 664.-
000 bushels, against 6K.00I) bushels last
showed aa Increase in storks since Friday
of 5.256 ImiIcs. Ktorks were already? Urge
without the Increase.
THE METAL MARKET.
By Prtvste Lessed Wire.
New York. Kept. 5.—Tip* metnl markets
are decidedly firmer In tone. All grades of
copper wen* advanced He In the Md tn
within 19 cents for heat' grades. 8pot and
•br deliveries Improved %.
■d and smelter ruled steady.
New York, Kept. Kept. 6.—The market for
cotton seed oil was moderately active and
very firm. Offerings were light, and there
was good bidding for both near-by and for
ward deliveries. Tenders so far on Hen-
tember contracts have been smalt—dne. It la
elnlmed by bulls, to the scarcity of supplies
here, and the outstanding long interest Is
claimed to be of quite fair proportions. Ad
vices from tbe Knutb did not Indicate any
anxiety to sell seed ot oil, and this gave a
good ncnl of confldenee to the bidding for
forward deliveries. The mnrket at the close
was qnlet with prices unchanged to %c
higher.—Ware k LelsncL
Keptember. ....
October
November. • • • •
December
January
March
Closed steady.
SOUTHERN EXCHANGE
Oldut EBtnbllahcr] Office South.
COUOI STOCKS BOIIOS 6RAI1
Ground Floor Gould Building. Dully
mnrket letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
ncrencNCg. the ncal bank
PHONE 1417. PRUDENTIAL BLOG
WAR
COTTON, GRAIN,
Mtw Crfsasf.
Provisions,Stocks 1 ?bonds,
fl*. 2 Wall St., frff/iJSel/rf/flf, Mllaala, Ca.
Chicago Baard ot Trade.
“took lack sago.
Cotfat Cxthaago.
KIMBLMS:
TIPS FLASHED
From Wall Street
Private Wire to Glbert & Clay.
New York, Kept. 6.—Our London
spondent cables us ns follows: "Four bun
dred thousand pounds-of gold Just taken
from Bank of England, nnd probably for
National City. Opinion is that this Is only
Ixwlmilng."
Banks hnvc lost 34,456,000 through sub*
treasury operations since Friday.
Do not see anything new. It all de
pends on this money mnrket.
This begins to look like n tight money
■took market.
London has ..
and Southern Pacific today.
.Buy Ht. Paul, Union Pacific and Southern
Pacific on weak spots. Hell Brooklyn Rap
id Transit nud Colorado Fuel and Iron
bulges.
The market today should be a strong
one, and particularly so should call money
be less restricted.
Market entirely dependent on money
market Just uotv. If relief Is forthcoming
promptly, we expect to see stocks work
higher, but we can not have n coutln-
unnee of upward movi*iueut with 25 per
cent money.
alert trader* _
govern*. On severe money breaks,
“ reason, therefore, why good
generally higher.
There ls talk of further gold engagements
with aome expectations that Secretary
Shaw will come to the relief of the money
market in the way of government depos
Holding hack of the Reading statement
creates bearish comment, nnd there ls also
bearish talk on Pennsylvania.
Aside from monetary conditions, every
thing Is favorable, and on sharp breaks,
think tht good stocks can be bought with
the exercise of Conservatism Judiciously
applied. There Is bullish talk on tho
Hnrrlman Pacifies, Atchison, Baltimore nnd
Ohio, St. Paul, Steels and Coppar. Would
advise taking on the two tatter: also, some
of the minor industrials, if very much de
pressed.
Content a large seller of Rending.
Dow-Jone*' summary: American stocks In
London firmer with Coppers nnd llarrlmans
very strong.
Republican governorship.ticket elected In
Vermont over fusion candidate.
Proceeds of Pennsylvania sale of Balti
more nnd Ohio and Norfolk and Western
will probably be used for coi
New York tunnel*.
Stocks plentiful In loan crowd.
nuylng of pig Iron and steel continues
large with premium for early delivery.
London market steady, and money con
tinues easy in spite of American demand
for gold.
Further considerable gold engagements ex
pected.
Atchison director* meet today. No divi
dend action expected.
Twelve Industrials declined Lll per cent.
Twenty active railroads declined .01 per
cent.
LIVE 8T0CK MARKET.
By Private Leased Wire.
Chicago, Sept 5.—Hogs—Estimated
celpts today 21,000. Market 5<?10c lower;
quality fair; left over 4,423; bulk 36.70(76.16;
eat!matod receipts for tomorrow 10,000;
Ight boft mixed 36.0(36.35;
: ,,le '
Cattle-Receipts 17,000. Market atendy to
k? lower: quality fair; beeves 33.76^6.80;
iwa 31.*04.»; heifer* 32.25fcG.25: cnlves
•.60(37.76; good prime steer* 36.26fc6.80:
, »or to medium 33.75fc6.25; Stockers nnd
feeders S2.2Sfc4.20.
Kheep— Estimated receipt* 24.000. Mnrket
steady; quality fair; native 33.C5ffS.66;
western 3J.C5ff5.65; yenrlfmrs 35.60fc6£0;
lamb* 34.60fc7.90: western S4.60fc7.90.
STOCK MARKET
OPENED STEADY
A Majority of List Showed
Small Fractional
Declines.
ONLY FEW ADVANCES
Money Situation Was Still
Dominant Factor, Call
Rates Going to 25.
MONEY ON CALL.
Money on call: Open 17; high 40;
low 17; close 30.
By Private Leased Wire.
New York, Sept. 5.—The market
made more of a response to the in
creasing money tension today than it
has at any time on the recent move
ment. According to now familiar cus
tom early In the trading, the prices
were attractively "fixed” by manipula
tive orders from this side, gains of a
point or more being frequent. But this
expedient failed to have the same suc
cess that has attended it on the pre
vious day*. Our market opened very
unevenly and as a rule decidedly low-
For a half hour it held compara
tively steady, and upbldding of Read
ing, Union Pacific, St. Paul and Atchi
son was attempted in a half-hearted
fashion. But it was soon evident that
liquidation was quietly pressing on the
market from outside sources, and this
pressure was Intensified when the open
ing of the call money market showed
no signs of a let-up In the strain.
Practically no loans were negotiated
during the morning below 20 per cent
and quotations ran up at one time to
The banks reported a total outgo
at tho sub-treasury for the week so
far of 34,455,000. On the other hand,
cable advice reported the withdrawal
of 32,000,000 gold from the Bank of
England on American account, but
there was much doubt a* to whether
this was not largely, If not wholly, In
cluded in the transactions which were
known about yesterday.
Prices rallied a trifle on the an
nouncement, but at 11 o'clock were still
materially lower on the day.
The stock market opened steady
with a majority of stocks showing de
clines ranging from 1-8 to 11-4 per
cent, the last In Colorado Fuel. Erie
common and Smelters lost 1-2; Bal
timore and Ohio 5-8, Southern Railway
2-8, Steel common and Chesapeake and
Ohio 1-4 per cent Southern Pacific
and Pennsylvania advanced 1-2, and
Brooklyn Rapid Transit 1-4. St. Paul
and Reading opened unchanged nnd
each advanced 1-8. Great Northern
preferred was unchanged.
LONDON STOCK MARKET.
iiv?:
iilClo*
Atchison 'n7>4 in? 7 * l<is
ICnnsdlsn rsclflc I76%l176 ,177
Chic.. Mil, and Ht. P»uL...(lH)\4180%!l*2%
Brie....
Illinois Central
Louisville and Nashville.
Hon them Pacific..
1 fnlon Pacific. . , ,
United Htstes BteeJ..
do, preferred.. .,
I 46%) 46% 47
...!I74%17J%!175
. . 149%’148% 150*4
... 1*4 140%, 139%
..jl43%il43%il44%
.... 917*1 91%| 92%
, . m%'i«3 j.. ..
..) 46% 46 | 47%
.. P»7%Hn7%:i07V
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers' Checks, Brown
Brothers’ Letters of Credit available in.all parts
of the world.
Frank Hawkins, President
H. M. Atkinson. V. P. TnomasC. Erwin. Asst. Cashier.
Joseph A. McCord, Cashier. R. W. Myers, Asst. Ctahler.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. TT. Calhoun.
MIltonDnrgan.
John W. Grant,
li. Y. McCord.
DIRECTORS!
Frank Ilawkins.
H. M. Atkinson.
Joseph A. McCord.
David Woodward.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi
annually in our Savings Department.
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.