The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 06, 1906, Image 11

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THE ATLANTA GEORGIAN. Thursday, September «. lro. 11 CHESS QUIET 11 mum First Prices Were About as Expected on the Early Cables. LATER ACTED STEADY Trade Was Restricted by Approaching Condition and Ginners’ Reports. private Leased Wve. Sew York, Sept. 6.—Business at the aliening of the local cotton market wan quiet, flret prices being un- rhanged to 3 point* lower, or about an •vnected on cables. After the call the STa“ed steady, trading being re- iiricted by the approaching condition !„ri ginning reports. The private ca- ,no „ mu. hniii«h mm "received were a little bullish. Th,re was likewise dome apprehension /lit over a heavy storm that Is ached There was Sw^strlke the Florida and Carolina C0 At t the°Owning the market for cotton .Minns was quiet with prices about due on the early Liverpool advices. Thit market opened about as expected options, while spot was 3 point* higher With sale of 7,000 bale* at 5.41 for middling; but as the session ad- ranred prices Improved, until at the dnse advances of from 6 to 6 points were recorded rndor this Influence and a wet map, New York's opening was practically at the lowest point of the morning. Good buying was noted, some of the early tellers changing front and buying free. The morning advance was continued __ til lienr the close, which wns sternly Ml 11 mints higher on heavy taylu* nml short covering on further reports of deterioration Sri fearing iroplcnl storm* hew Or- and the amith good buyers; eoumils- ■Inu houses picking up a lot of cotton. Waablngton, U. C„ wires; "Storm now on the Atlantic const will cause heavy precipitation In tbe southern states to Eshmated receipts tomorrow New Ortenns.. Gtlrmtoa.. .. Houston 1906. ..1.200 to 1,700 ..9,000 to 10.000 ..7,600 to 8,600. SPOT COTTON MARKET. Tfrarpool, cotton npot demand Inerenecd, with prices steady; middling upland* 6.41d; tnlon 7.IW: Amcrlcnn 6,700; epeculatlon and Mtsirt 7<»0; rccclpta 4.000, all American. Atlanta. steady nt 9%c. Now York, quiet at 10c. Now Oricana, uteady at 9%c. Augusta, steady at 9%C- Hnvsnnsh, quiet at 815-18C. St. Louis, quiet nt 9%c. Houston, steady, at, 9 3-16C. Boston, fjulct at 9.90c. Galveston. steady at 9%c. Memphis, quiet at 9%c. TODAY'S PORT RECEIPTS.. The following table abowa receipts at the 1909 19(6 p New Orlraiii . . . . . Galveston MoMte Savannah * . •'In rte* ton Wilmington Norfolk Host on Philadelphia 1463 8067 681 2573 G3 70 171 10fi66 _ 398 “ 9254 £ 2134' *> 959 ft 1591 -J 669 t 174 1 Total 12978 27484 « INTERIOR MOVEMENT. e The following table ihowi receipt* *t the Interior town* today, compared with the * •aDie day last year; 1906 1906 a ™ — r) HirUStnn . Augusta. ...... Memphis . *840 5 7265 » • % p Cincinnati 112 274 • V Total 9911 mu w THE COTTON 8EED OIL MARKET. Now York, Hcpt. 6.—Ttoe market for cot ton wvd oil was atronf. with a further nd mnro shown In nil dellrerifa nt the atart. Thorp wns n good demnnd for OctolH»r and which mo»t of '* * J ‘ ■*“ tejnber ndvnnra , 1 of 4c from the low lj scon. The tlrmneaa continues to to baaed on the light atocks of oil. nnmll tendera on neptcraher and n belief that there will l*e no pressure of new oil until Inter In the aen* •on. nnd in the meantime the demnnd will to l»e supplied from the auinll atocks carried over. The market at the eloae was uulrt with prices unchanged to He higher.— ^aro k l.eland. SSSSr-;. :L£BR Novenilier „r XiT *“ Hcremiier.. .. January £r h "..'; ** ' _ W*. 1I» May"at ’l£ 100October aI *nd m I)eee m fie r at 30%. rio8.»d steady. CIBERT & CLAY’8 .. „ DAILY COTTON LETTER n”'" Orlean*. Sept. 6.—In Liverpool op- n»rn rul*Mi very steady nnd showed a fair JJbance on covrrtng by ahocta. finally 2565 f ">m 5«4 points higher than Ihe 'K* *<*****■• More demnnd waa JESS** 1 for "P°t cotton, sales today •“Anting to 7.0ft) bales at 8 points high- , westhfr la the tantamount In- Sr nr ‘* nffectlng the course of the mar- t.■ n *l. "HI continue so until the crop “Practically assured. The numerous re- E?”" ,nw * rt tlnmnge are nil traceable in? i srnw ' lnore numerous after frequent •nu h.vny rnlns. Thus, a wet man and ra»* Presence of a storm ofT the South At* JKJS' . roa,t » w,th Indications ft* heavy * , ? v c entiaed widespread uneasiness nuuiff shorts, who, through their corrrtug, mJ ■ 1, * v «uced nnd maintained considers- tL * f, ‘ !, 'llnesa In market pi roes today. r /w l> nt th «* present time, judging ™ the numerous reports received, lias NEWS AND GOSSIP Of the Fleecy Staple. By Private Wire to Ware & Leland. at 5.41, 3 up. Due to come unchanged to 1 up. The New York market opened quiet and steady, and at about unchanged prices from last night's close. Trade was light, commlaalon houses buying a little, and locals sold. Schill sold October and December. The market haa had a quick advance *mf® the opening on local covering and buying by commission houses, duo probably to storm signals reported for the Atlantic coast. New Orleans good buyer here. Schill, N. Wilson and Wallace buying December. The New York Commercial In Its yearly cotton review this morning, says of crop conditions; Yield will surely exceed last year's with Texas expecting a bumper yield. All of western belt has had Ideal weather. Rain nn east coast. Ti ana-M isstssi iqil section com plains only of shortage of labor. Ar kansas crop will be greatest on record. Oklahoma farmers enthusiastic over prospects. Deterioration reported from Carolines and Eastern Georgia on ac- count of excessive rains. The second annual of the National Farmers' Educational and Co-operative Union convened at their hall In Tex arkana yesterday morning and will continue for three daye. The order claims a membership of 600,000. discussion by the convention of the conditions of the cotton crop through the territory represented, the reports showed an average deterioration of 20 per cent In crop within the last 20 days, due mainly to Insects and exces sive rains. At a late hour last night the delegates of the National Farmers' Union, by unanimous vote, reaffirmed the decision to hold cotton for a min imum price of 11 cents for middling basis at Interior point* for this year's crop. New Orleans, Sept. 6.—The market steady on light offering. While It la still largely a professional market, the country Is getting In on the long side to some extent. We are too Tilgh for Europe and ex porters complain that they are unable o do much business. One of the larg est exporters here says that he did only 50 bales over night. It Is claimed that the lack of export demand Is causing the light movement and that cotton Is fast piling up on farmers' hands. The weather map shows considerable rain over the cotton belt. By Private Wire to Olbert & Clay. New York, Sept. 6.—Liverpool open ed 1 to 2 up. About as expected. Fernle, Wilson & Co and Norden bid ding up market. Norden, who sold on the opening, now buying. Shorts show a disposition to cover Journal of Commerce says: "A healthy and steady tone of the market noted for some time back on quiet days pervaded the dry goods district during the day. Trading was In small lots with scarcity still pronounced In many lines. Buyers of out-of-town houses are being pushed to And goods for deliveries asked for by their firms, and they are kept hustling about the market for any spot goods that ap pear.” New Orleans, Sept. 6.—Liverpool Is as expected and furnishes neither a bullish nor benrlsh Influence. The market has advanced on wet map and the receipt of some unfavor able advices -from Texas, although sen timent has undergone but little change. A dispatch from Crockett, Houston unty, Texas, says: "Cotton Is being Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-five years’ experience of ed iting markets in Atlanta and tbe Sonth has made him n recognized au thority in his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Amalgamated (' oppur.. Anaconda. PPPPP American Locomotive.. do, preferred. . . . Amcr. Smelting lief. * do, preferred. . . . Atchison do. preferred. . . . American Cotton Oil. . Ainer. Cnr Foundry. .. Rultimori* A- Ohio, . .. Brooklyn Rapid Tran.. Unnndlan Pacific. . . . Chic. St Northwestern.. Chesapeake & Ohio. . . Colorado Fuel & Iron., Chic. Sc Orest West’n. Chic., Mil. & fit. P. . . I' l l".ire Si Hudson. .. Distiller’s Securities. .. Erie do, preferred. .... General Electric. . . . Illinois Central Amer. Ice Recurltles. .. ■ srllle Sc Nashville.. . s . Jean Central Missouri Pacific NAME OF STOCK. I N. Y., Ont. & Western. National Lead Northern Pacific. . , . ’ New Y’ork Central. . . Norfolk & Western. .. Pennsylvania People’s (ins Pressed Steel Car. . . do. preferred. . . . Pacific Mali Reading Republic Steel. . . , , Rock Islnud. ..... do. preferred. . . . United States Rubber. do. preferred. . . . Southern Pacific. . . . Southern Railway. . . do. prefer red. . * . Sloss-ShelTleld Tenn. Coal Sc Iron. . . Texaa St Pacific Union Pacific United States Steel. . do. preferred. . . . , Va.-Car. Chemical. . . do. preferred. . . . , Western Union Wabash do. preferred. . . . , Wisconsin Central. . . , do. preferred. . . . , NEW YORK. The following is the range in cotton f« me following Is the ra lures In New Y’ork today Sept. Nor. . Dec. . Jan.. . >b. . larch. yin • - ■ Hosed si 8.60 i.p 1.8 9.17 9^33 8,39 toady. 2 . TTOTI IS 8.76-80 9.00-01 9.09-11 9.21-22 8.66-70 8.89-91 8.99-01 1.09-10 9.18-19 9.25-27 9.32-33 9.40-41 Total stock sales today. 1.315,0007 LIVERPOOL. Following table gives opening range and close, compared with yesterday's-closing: Futures opened steady. Opening Previous ltange. Close. Close. ..5.06 5.09 6.03 ...4.96-4.91% 4.99 4.93 .4.93-4.92 4.96% 4.91% **.4.93 .4.94-4.93* ...4.97-4.96* ...4.97-4.9* ...6.01-6.00 .... ..5.01-4.98% 5.06 .6.03-6.64 5.08 September.. Sept.-Oct. . Oct.-Nov. . Nov.-Dec. . Dec.-Jan. . Jan.-Feh. .. Feb.-March.. March-April. Aprll-May. .. fay-J tine.. Closed very steady. NOTES ON GRAIN Pointers on Provisions. The cfop Is The western forecast Indicates for .stern Toxas fair weather tonight and riday, and for balance part cloudy nather with probable scattered show 's In Louisiana tomorrow. Today's map Is again cloudy and In prices would DAILY COTTON LETTER New Orleans. Sept. l-Tmtar'e market as very ateaiiy, ami a material advance was acored. Tbe nilvanee. however, had all the earmarks of manipulation, nnd tt look ed as If the larseat operators In New Tort were trying to rqn In the ahorta Offerlngti were limited from the opening and on quiet but peralatent buying the priee gradually roae until tiooember around noon wan sell ing at 2.25. Kven nt thl* level offering* were Tartly. For the time belhg the luifta had the market under eontrol. "bnrta gen- ernllv seemed convinced that the coming hurettn report on Monday would show a deterioration of nt leant 5 per rent and Ihnt the amount of notion ginned prior to Hep- trniber 1 would fall for eboft of the 4*9.- MO bairn ginned before September 1 Inst year. During the larger part of the season offerings rniue only front ant ailed long* The wenther waa not fnvorahle. Heavy rains were Indleated over a great portion of the cotton licit nnd atoriea of I Kill weevil damage came thick nnd font from Texns. rpool met espertntlona o* futures and reported an Increnaeil demand for apot* The movement continued moderate anil wna n | IU |i movement of eonaldernhle force with some people. Snots were Arm nnd In good demand, but limited offering, prohibited anything like heavy truffle. Many opera- torn regarded the meeting of the 8outhera Cotton Aasoelntlon nt Ilot Sprin-u aa a fUe- tnr of no little Importance to the hall ride, aa one of the main ohjeeta of the gathering la to fix a mlnlmnm price for marketing thin aeaaon'a crop. It goes without laving that the priee died will lie above the level now prevailing, nnd a mnnlfeato from the nMocintlon ought to rnrenrage farmera to withdraw from the market to a grewt ex tent. Until offer the htirrsu report, are l.aued, the market will he *urronmlcd wlth much uncertainty and ; too decided atosd tnat now la rntner a dangerous thing ex cept for fat poekethook* undoubtedly deteriorated conridertMy, tat then It must not lie forgotten tnat be fore thin deterioration became general a very high condition bad been reached, inil that possibly tbe peMlralsm of today “s?,E°” %Vh. 0O !i.? n "rt event* Indication* point to * --- --- vleld and only fair picking wenther la needed to gather the eotton now made. GIBERT & CLAY STOCK*. BONO*. COTTON. ORAIN, correct, provision* ATLANTA. OA. > *- ALABAMA *T. MEMBERS! * .Turk stock BxchangeJNew Orlenn. Cotton 'B*5f»S5?lf?viJ.'Si| B cS«on AiSeUtlon » Vork Coffee ixcbange.|Ne'v ass: Boarti or < cS5u A £3i**% U.S, and L.n a Dlatanc^TsIcphons*52184 KiehnV ^. "• FAGAN. Mana C .r. — , —————— ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main 858. ATLANTA, GEORGIA. Private Wire to Ware & Leland. Chicago, Sept. 6.—Wheat market Is Inclined to be little eteadler. Ranklln Is about the best buyer of December wheat, with scattered selling of May by commission houses. Minneapolis atocks of wheat de crease 600,000 bushels for five days. A little buying of wheat, notably by a couple parties who gold at the close yesterday. Market tone barely steady. Situation continues heavy owing to the buying power not being lufflclent to absorb hedging sales, and wheat will probably drag lower yet. Langston started to sell December and the crowd wilted. Trade quiet. Logan hoa Just sold 100 May corn at 43 3-8c. Oats opened steady, with local par ties selling May. Buying mostly by commission house*. Trade rather light. Light offerings In provisions. Mod' erato buying of nearby options of lard by shippers. This would indicate bet ter demand for. cash lard. Trade light The general crop report September 10 la to be Issued at 4 p. m. and will show the condition September 1 of corn, buckwheat tobacco and pota toes, and the condition, when harvest ed, of spring wheat, oata, barley and rye. The Minneapolis flour output last week Increased 20,175 barrels, the quantity turned out being 237,175 bar rels. Thts week tho figures promise to be even smaller. Hot only were all the mills Idle on Monday for Labor day, but one or two less are In opera tion than a peek ago. The output Is likely to approximate 260.000 barrels. About all the mills found trade in flour last week lesa favorable. Sales were smaller than In the preceding week and those made .were usually in small lots. Private Wire to Glbert & Clay. Chicago, Sept. 6.—Can see nothing In the situation to warrant changing our views on either grain or provisions. The market Is heavy, due to absence of outside trade and fear of heavy run of spring wheat which, we believe, la hardly probable, as the prevailing price Is practically below the price of production. Would buy wheat now and moro on every aoft apot. This Is the third day of the break In wheat, and on gerterat principle we ought to have a rally. The Record-Herald aays: “By a vote of (21 to 177 the Chicago board of trade voted down the proposition to reduce commission chargss. “Sales cash grain In Chicago were 275,000 wheat, 100,000 corn and 190.000 oats. The wheat Includes 235,000 No. 2 hard to go east and 40,000 mixed lots to local mill*" Corn trade slow. Market a shade easier. Weathsr and crop outlook beet Imaginable. Iildson good seller September wheat There was good buying on the decline of December by Ranklln and Knseland. Provisions quiet and barely steady. Pit trade Inclined to sell, but any buy ing would change temper of crowd quickly. NORTHWEST CARS. TRADE WAS LIGHT IN WHEAT^ MARKET Opened with Prices Lower and the Room Sentiment Still Bearish. By Private tensed Wire. Chicago, Sept. 6.—Wheat bulls were a happy lot because of the reported takings of sixty boat loads, 480,000 bushels, for export. This caused the market to become firmer late, driving some of xhe shorts to cover. The close showed price* at l-80>l-4 cent oft with reactions of S-8c from the bottom. Corn Was tame as a pet fawn and It closed l-4c up to l-8fl91-4c off. Oats un changed to l-S91-4e lower. Provisions were mainly easlor. Primary receipts of wheat for the day, 608,000 bushels, .end corn 672,000 bushels, compared with 761,000 bushels and 930,000 bushels, respectively, a year ago. Clearances from the seaboard were 375,000 bushels wheat, 11,190 bushels corn and 69,000 bushels outs. Winnipeg receipts of new wheat were liberal and the grading most excel lent. Argentine shipments for the week are estimated by Broorohall at 800,000 bushels wheat and 2,000,000 bushels corn. .Today's sales were 5,000 bushels No. 1 Northern wheat and 100,000 bushels corn; 60 loads wheat at seaboard. CHICAGO GRAIN MARKET. -Jlcsgn grain a * for today follow: Open. High. NEW ORLEANS. turea In New is Is the Orleans i THE COFFEE MARKET. New York, Kept, t—Tbe opening steady *t an advance of 14 to 25 points In response to higher eshles and * renews! of unfavorable crop advlree from Brasil. There was very heavy realising on the Ini tial linlge. Ons broker enpnased to repre sent Wall street people, entd * block of Mt- 000 begs of December, sod with. some sest- tered offerings priee* lost I to 10 prints of sr tercets were baying the coffee thrown over by. the Wall ntreet long* Prices ronse- —silled sgsin tngrsrd midday, and In afternoon the market arse strong ... rally tbe I test flrurea, or a net ad vance of shoot 90 to X print* Bnslneis waa much more active than the last two or three days, and In the transactions daring the Drat half of the session aboat MOM bass were handled- Brasilian markets were anchaasn! to 75 rel* lower. Havre waa a frsec higher and Hamburg was 1-20 2-4 pfenning higher. The European mar kets kave bera Inetlaed to steadiness re- costly. : and » moderate range ami close market for to days / Opening tlance. Close. January LJMJ* *£{.* BKS7:::::::::: SS@ April ..§.X*79 Jam Joty .. Answst, Kept ember. eestly. and F.nrepe has l>ee buyer here.—wore A le land Following Is the-opening rr of tke New Totk coffee a m t» UmmliM •• .4JMJ6 'Hosed firm. May OAT8- Ki:::: ' SJn!:: isiiiii ii:«vi u.iiii LARD— Octe. Jan.... 7.21 7.27> CASH WHEAT— §•2* 8.60 7.27% LIVERPOOL GRAIN MARKET. Wheal—Opened %e lower; at 1:89 p. m., %e lower; cloned %c lower. Corn—Opened nnehnngml; at 1:80 p. m., *Je lower; doted *40%c lower. BULL LIQUIDATION CAUSED DECLINE ork. Sept. 5—The Hun says: f . i wo,, !i hart none of the advance nnd Plainly unified at tnlea of deteriora tion In Texns. Expected to rise, at lenat, 10 Aiuerlean points. It declined nearly that much, nnd adds In Its dispatches thnt the. South wns offering cottou more freely and that bulls on the other side were disposed to liquidate. And there were not wonting those on this side °P* ne< J. that New' York hulls were sidling In Liverpool. They seemed to he selling here ns well, though appearances may have been deceptive. However thnt inajr be, there was more disposition to sell than there wna to buy, not ouly among American, but Southern, operators. It looks very much like n purely traders’ market, and ns though anybody who tnkes It for anything more than that will be making a miscalculation which may turn out to be more or less expensive, Ths consensus Is that unless the crop receives more,of a setback than It hns ns yet, tho drift of prices will he downward, with occnslounl upturns at the expense of a con gested short Interest. In the meantime, many are holding aloof, swotting tbe gov ernment reports on the condition of the crop and the ginning up to September 1, which will appenr on Monday, • Henteml»er 10. at 1 p. m. and 2 p. m., respectively."— (llbert & Clay. „ New Orleans, Sept. The Tlmes-Dom oernt: “Yesterday’s cotton market was n small affair, in part the result of the con traction of apeciiJatfon with the approach of two Important bureau reports. The In ability of frlenda of the staple Co hold the price In the face of rather ssnsrol cov ering by shorts proved concluairely enough that bearish suntlment. hns not yet run Its course. As n matter of fact, liquidation by longs depressed values Just r*-—" -- did fresh short selling. about ns —Hence, wet weather much ns did fresh short tho logical Influence of _ map nnd the probability of bullish de velopments next Monday, when the gov ernment will give out a lot of Information, foiled of effect. With Liverpool uot In clined to father nn advance, nnd a goodly portion of tho els-Atlnntlc tnlent favoring the bull aide ,f« a quick turn over bu reau day, consequential price changes dur ing the remainder of »he week nre hardly to tie expected p» th» absents ot a better demand for the actual ■toff."—'Ware & O O O BANK 8TATEMENT8 O 0 v ARE CALLED FOR. 0 S By Private Leased Wire. 0 Washington, September 6.—The 0 0 comptroller of the currency to- 0 S day Issued a call for a statement 0 of the condition of the national 0 0 banks at the close of business 0 0 September 4. 0 O0OOO000O00O0000000O0000O0 TIPS FLASHED From Wall Street. Private Wire to Ware Sc Leland. New Y’ork, fiept. 6.—London strong, %® lc higher. Secretary Hhaw, In extending relief through facilitating gold Imports, should help the money market materially, nnd look for easluess In rates. There is very bullish talk on Coppers* and good authorities maintain that the Ilnr- riman Pacifies. Atchison, Ht. Paul and Hal- timore and Ohio will work higher. It Is expected that the ore deal will he put through on Judge Gary's return this month, and should the Bteel stocks sell off any, would buy them. The mar ket will probably be more or less Ir regular, but look for good buying to ap penr whenever weakness develops. We hare Indisputable evidence this moriw Ing that the Flower crowd are bullish oiv Amalgamated. The Gates following Is lu It also, but the Flower brokers bought the stock this morning. The stock, heretofore opposing it moderate advance, Is reported to us as being removed. The way should be open for 6 points up from 111, according to our calculations, uuder the circum stances. Foreign buying of Atchison was report , J to a big house by a specialist thii morning. If was stated at the time that a block of stock would have to be taken be fore much of a move up could be forced. Gates says looks like Heading Is going up quick. New Y’ork, Sept. 6.—Daniel will _ moral It too far. as the money ■ght nnd not yet ‘ Mncntinll, Spader _ ket will probably l»c upward as ” of large gold mar- . result Imporh the fiscal year ew ..JHH Ings 318.473.328, Increase 32.139.883; net earn ings 38.031.960, increnso Sl.602.376; total In come 38.356,SS5, Increase 31.574.176; net In come after taxes and fixed charges 32,742.' 962, Increase 31,139,734. The net Income Is ini to 6.09 per cent on the capital stock the company. Deducting charges for bet- ...ments and a<“ , * ,--_ - surplus of 32,162,1 those who knew the relief would come. They were few. The government seems to have entered Into the business of specula The relief is In sight, but. not fit hand. In timations of government relief Just of the haracter extended have been persistently give them n shave. We have always u>-iu, that with money permitting, tho big bull fundamentals would Irresistibly work for higher prices, and at tbe same time said there cou!d*be no serious declines even In the face of high money with stocks and money In the hands of the powers, and we see no reason to chnnge our opinion. We recommend conservatism still, Imt think the situation for the dally operator a little being governed by reason. The tiding of the drain will mean thnt In the forepart of the year money will he In supply amply sufficient to enable outsiders to carry stocks cheaply, comparatively speaking, and prlcea should he higher, hut **“* luenutlme many re- LONDON 8T0CK MARKET. Atchison Canadian Pacific Chic., Mil. and fit. Paul. Heading Pennsylvania Southern Pacific Union Pacific * .. United States Steel do, preferred.. . r„. .: STOCKS OPENED AT GENERAL GAINS On the Advance Room Trad ers Hurried to Take Pi'ofits. REACTION FOLLOWED Buying While the Reaction Was in Progress Was Confident. PRICE CURRENT CROP REPORT. out of danger from frost 1m two weeks, full acreage of winter wheat likely to ho sown. Interior grain movement light. MONEY ON CALL. Money on Call: Open 20; high 23; low 6. Hy Private Leased Wire. New York, Sept. 6.—Tho professional traders eaw fit to consider Secretary Shaw's action in facilitating gold im ports disappointing, and when the mar ket opened at advances over last night's close, they sold stocks In sufficient vol ume to cause some recessions in the first half hour of the trading. Here and there, however, there were some fairly aggressive buying by bull cliques, notably in the case of Amalgamated Copper nnd one or two other active stocks which tended to impart a rather strong tone to the general list, though the advances were not up to London’s Higher range. When the first call loan was made at 20 per cent, and then fell a few points, a fresh buying movement started, nnd led by Brooklyn Rapid Transit, thero were numerous recov eries In prices. Heading soon became the lender, scoring ji sharp advance which held the list On the whole, the market while active and in the main strong, showed a narrower distribution of business, always a symptom of the outside Interest In speculation. Sen • tlment was mixed, the money market continuing to be the principal deterrent to extensive committments on the bull vide. At tho same time, the stock mar ket gave every Indication that with a decline in the lntertst rates, tho pools nnd cliques would not find it difficult to mark up prices and stimulate out- sidu trading. The stock market opened generally high- reuterday ranging up to Louisville nnd Nashville V _ LittOI %. Brooklyn Rapid Transit 1 per cent in nil; United States Steel preferred *4; Baltimore nml Ohio, Pennsylvania, Chesapeake nml Ohio %, Southern Pacific % nml Delaware nnd Hud* >n \ per cent. Amalgamated % higher nd advanced In all 1% per cent. After the atrong opening, the room hur- ..ed to act on the policy of selling storks • : and the feature <*f the first hour's trading wns general realizing of profit!, and prices reacted from %«3 points and most of It by Important, f ests In the street. The losses on the re- actions were easily recovered, nnd nt tho and of the first hour shorts became nerv ous and were anxious to cover, although there was little supply then In sight around prevailing quotations. Jxindnn was the heaviest buyer In tho first few minutes, arbitrage purchases nt nd Just after tho opening being ‘ THE METAL MARKET. By Private Leased Wlw. New Y’ork, Sept 6.—Tin wns n shade !o the bid for spot aftd near hi dell verb* Spelter wns firmer st 5 points auvanc Copper ruled strong. SOUTHERN EXCHANGE Oldest Established Office South. CO nos STOCSS BONDS—GRAIN Ground Floor Oonld Building. Dally market letter find market manual mailed on application. Wheat Corn 315 234 Oats 1M H7 Hoc* . . 20009 14000 PRIMARY MOVEMENT. Wheat—tteqripts 4W.OOO hnahela. a*aln.t 760.000 taahrta laat year: ahlpmenta 431.. 000 hnahela, agalnat 142,000 hnahela laat y ”orn—Beeelpta 972,000 hnahela, a an In.t 910.000 hnahela Iiur year! aWpmeatt Ki oto hnahela, agalnat 909,000 buibela laat year. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN Correspondent’s Capital $250,000 REFERENCE. THE NEAL BANK PHONE MIT. PRUDENTIAL BLOG ftri, Heir Or/cisf. COTTON^f&W, ^ROVIsToN^StoCKsPbONDS, Ms. 2 Will Si., Filers Building, Atlanta. Ca. utmtik Mew Fsri Cetlea Eathange. Chicago Board of Tnde. * Hew Orleans Colton Eichange. £ klc *)° ?t"f tuham llreranet Cotton Atsocletln. Mew Vork Colleo Exchange. Piltale Witts te Mew York. Hew Orleans, Chicago. B. C. COTHKAN, Manager. Standard Phene 2Sk Hell Phone 1262. HUBBARD BROS & CO., MERCHANTS Atlanta Offices. 219021 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, 3i % Compound Interest Is the rate your money will draw If deposited In the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are invited to call and Inspect our quarters and Investigate our facilities to serve you. A hearty welcome awaits you at this bank. A8A G. CANDLER, President. W. H. PATTERSON, Vlee Pres. A. P. COLES, Cathler. JOHN 8. OWENS, Vlce-Pres. WM. D. OWENS, Asst. Caehier. (T ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, President. A. E. THORNTON, Vice-President. H. T. INMAN, Vice-President. GEO. R. DONOVAN, Caehier. JAMES S. FLOYD, Ass’t Caehier. Capital $500,000.00 Surplus and Undivided Profits....... $500,000.00 We Solicit Your Patronage. \= 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.