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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.