Newspaper Page Text
THE ATLANTA. GEORGIAN.
TnrnsnAY, reptembkr 6, 1900.
II
BBS OIIIET
II IK ms
Fii-st Prices Were About as
Expected on the
Early Cables.
LATER ACTED STEADY
Trade Was Restricted by
Approaching Condition
and Ginners’ Reports.
Private F.cased Wire.
Kew York, Sept, a.—Business at the
owning of the local cotton market was
quiet, first prices being un-
honred to 2 points loner, or about as
..nested on cables. After the call the
unacted steady, trading being re-
ifrirted by the approaching condition
sinning reporta The private ca
uls received were a little bullish.
There was likewise some apprehension
.‘ .. over a heavy storm that Is sched
uled to strike the Florida and Carolina
AAtJts tonight.
At the Opening the market for cotton
..lions was quiet with prices about
If due on the early Liverpool advices.
Th*t market opened about as expected
i notions, while spot was * points
hirtie? With sale of 7.000 bales at 6.41
for middling; but as the aeaalon ad
vanced »prices improved, until at the
close advances of from 5 to 6 points
were recorded '
Under 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
lollers changing front and buying free-
* , The morning advance was continued nn-
Ul !rsr the close, which was steady 9811
Mints higher on heavy hnying and ahort
Jmerlng on further report# of deterioration
S fen ring tropical a torn: a. hew Or-
W is nnd the aonth good buyers; commie-
NEWS AND GOSSIP
Of the Fleecy Staple.
kens
"ugtob, I>. C., wlrea: "Storm nc
on the Atlantic conat will enuao heavy
precipitation In the southern states to-
"Kttaated receipts tomorrow^
Now Orion MB 5° ,1'j
(klrentnli to 19,
Houston..
1906.
..7,500 to 8,500
SPOT COTTON MARKET.
Lirernool. cotton apot demand Increared,
with prlrcn steady; middling upland* 5.41d:
n tfn 7.000; Ainerlcnn 6.700; speculation and
export 700; receipt* 4,000, all American.
Atlanta, steady at 9%e.
New York, quiet lit 10c.
New Orleans, "teady at 9Vfce.
Augusta, steady at 9!4c.
Havnnnsh. quiet at 815-16c.
8t. Louis, quiet nt &Hc.
Houston, steady at 0S-16C.
Boston, quiet at 9.90c.
ItoJrestnM, steady at 9J4C.
Memphis, quiet at 9Hc.
Baltimore, nominal at 9%c.
Norfolk, quiet at 9%c.
Charleston. steady at 8%c.
Wllmlngtou, nominal.
By- Private.Wire to Ware & Leland.
-^e\v York, Sept. 6.—Futures opened
in Liverpool quiet I up; at 12:15 p. m,
* U P an< > steady. Sales 7,000 spots
at 6.41, 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 dote. Trade
* ra ?,..7® h ** oomtnlssion houses buying
a little, and locals sold. Schlll sold
October and December.
The market has had a quick advance
since the opening on local covering
and buying by commission houses, due
probably to atorm signals reported for
the Atlantic coast. New Orleans
good buyer here.
Schlll, N. Wilson and Wallace buying
December.
The New York Commercial In Its
yearly cotton review this morning, soys
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 on east
coast. Trons-Mlsslsslppl 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 days. The order
claims a membership of 600,000. In
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 laat 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 paints for this year's
crop.
New Orleans, Sept. 6.—The market
Is steady on light offering. While It
Is still largely a professional market,
the country la getting In on the long
side to some extent
-We are too high for Europe and ex
porters complain that they are unable
to 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
Edited by
Joseph B. Lively
MARKETS
Mr, Lively’s twenty-fire
years* experience of ed
iting markets In Atlanta
and the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
TODAY'S PORT RECEIPTS.
The following tubie shows receipts at tht
INTERIOR MOVEMENT.
The following table shows receipts at the
THE COTTON SEED OIL MARKET.
New York, Sept. 6.—The market for rot-
ton sped oil was strong, with n further ml-
Tnnre shown fn nil deliveries at the start.
Thorp was n good demand for October nnd
November. In which most of the trading Ue*
Teloped. September advanced to Sic an ad-
Tanrp of «c from the low point, recent
ly *ppn. The firmness continues to be based
on Hip light stock* of oil. small tenders on
8cptpml»cr nnd a belief that there will be
Bo pressure of new oil until later In the sea-
•n«. nml in the menntlmn the demand will
iavp to Iip smmlied from the small stocks
carried over. The market at the close was
flnlpt with prices unchanged to higher.—
” a r<‘ k I.plnnd.
- . , Opening. Closing.
•**»
November \
fcremlwr
Jsnunrv.. .. ..
March...
V~7S -YT
JM May at 12, 100 October at
•04 110 Derember at 1044.
rioe.il Heady.
CIBERT & CLAY’S
... „ , DAILY COTTON LETTER
if™." hrlesne, Sept. 6.—In Liverpool on.
ti™« mini very sternly ntnl showed a fair
.i™?,"". 0 " covert nit by ahorta. Anally
- f| om site points higher than the
S' ;’”' ■Jay'a levels. Store demand was
2S"V, , "l f01 ’ spot cotton, antes today
‘“"i"' 1 "* to 7.000 (tales at 2 point# high-
1 , "'father la the tantamount In-
HT*E J® “Ofctln* the conrso of the mar-
u* ‘“'J. w II fontlnne so nntll the crop
“praftlrnliy nsenred. The unmoruus re-
P" r, » Of Insoot damage are all traceable
in,, t? Br "" morp nnmerona after frequent
fk. > rn,n *- Thus, a wet map and
n* J’l 'fi’ie of a storm off the Sooth At-
Sf" with IndlcaUona for heavy
l ” iV " caused widespread oneaalneaa
kml J 1 * I 1 *"' 1 "- " bo, tbroagh their coyertng,
M. "o'faced ami malntalneil conatilera-
T .tee,lln.ee i n market plrcea today,
fro-. TJ'i 1 "t the present time. Judging
m numerous reports received, has
By Private Wire to Gtbert & Clay.
New York, Sept. 6.—Liverpool open
ed 1 to 2 up. About as expected.
Femle, Wilson & Co and Norden bid
ding up markeL
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 wjth scarcity still pronounced In
many lines. Buyers of out-of-town
houses are being pushed to And goods
for deliveries asked for by their Arms,
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
bullish nor bearish Influence.
The market has advanced on wet
map and the receipt of some unfavor,
able advices from Texas, although sen.
tlment has undergone but little change,
A dispatch from Crockett, Houston
county, Texas, says: "Cotton la being
picked out and hauled to the gins very
fast In this county now. The crop Is
much shorter than wns expected on
account of the numerous rains and ths
ravages of the boll weevil. There will
be no top crop of cotton In this county,
and all cotton Is about matured now.
The crop will practically all be out of
the Holds by the middle of October.”
The western forecast Indicates for
western Texas fair weather tonight nnd
Friday, and for balance part cloudy
weather with probable scattered show,
era In Louisiana tomorrow.
Today's map Is agsln cloudy and
shows fairly general rains throughout.
The continued rains In Texas will no
doubt cause further reports of dete
rioration to be received. In which event
eotne Improvement In prices would
probably occur.
WARE ALELAN^DA^LY letter
was scored. The advance, however, had all
the earmarks of manipulation, and It look
ed as If the largest operators In New York
were trying to run In the abort#. Offering!
were limited from the owning and on on at
but persistent buying the price grsifualfr
rose nntll Deeemlier sronnd noon was sell-
png at 9.26. Even at this level offerlnas
were scanty. For the ttae being the Irotta
had the market nnder control, aborts gen
erally aeemed eonrlnr.il that the rooting
burean report on Monday would ahow n
deterioration of at least 6 per cent nml that
the amount of cotton ginned Prior to Hen-
temlier 1 would fnll far short of the 446,-
000 bale# alnned before September 1 last
year. During the larger part of the season
offering# came only from aatlaOed longs.
The weather waa not favorable. Heavy
rnlna were Indicated over n Itreat portion
of the cotton belt and stories of lioll weevil
dnmnge rime thick and faat from Texse,
I.lvernool met exportation. on futures and
reported an Increased demand for spole.
The movement continued moderate and waa
a bull movement of eonnldernble force wltl
some pedple. Sno** W, '"L Bp 11 * n<l
demand, but limited offering; prohibited
anything like heavy traffic. Many opera-
tora regarded the meeting of the Southern
Cotton Aaaoelntion at Hot Rprin»# aiin fac
tor of no little Importance to the bull able,
at ono of the main object# of the gathering
la to «i a minimum price for marketing
this aenaon't crop. It goes without saying
that the price rtxed will be above the level
now prevailing, nnd a manlfeato from the
aaaoelntion ought to encourage farmera to
withdraw from the market to a great ex
tent! Until after the bureau reports are
Issued, the market will be anrroonded wtth
much uncertainty and a too decided stand
fimt now la rather n dangerons thing ex
cept for fnt iwckctlKioks.
NAME OF STOCK.
Amalgamated Copper..
Atlantic Conat Line. ..
American Sngnr Itef. ..
Anaconda.
American Locomotive..
, do, preferred. . . .
Amor. Smelting lief. .
do, preferred. . . .
Atchison
do, preferred.
Canadian Pacific. . . _
Chic. & Northwestern..
Chesapeake A Ohio. . .
Colorado Fuel A Iron..
Chic. & Great Weat’n.
Chic., Mil. A St. P. . .
Delaware A Hudson. ..
Distiller's Securities. ..
General Electric.
Illinois Central. . . .
Amer. Ice Securities. .
NAME OF STOCK.
S. Y.. Ont. A Western.
National Lead
Northern Pacific. . . .
New York Central. . .
Norfolk A Western. . .
Pennsylvania.* ......
People’s Gas. ......
Pressed Steel Car. . .
do. preferred. . . .
Pacific Mall
Reading
Republic Steel
Rock Island
do. preferred. . . .
United States Rubber.
do. preferred. . . .
Southeru Pacific. . . .
Southern Railway. . .
do; preferred. . . .
SloM-SItofTield
Tenn. Coal A Iron. . . ,
Texas & Pacific. . ... ,
Union raclflc
United States Steel. .
do. preferred. . . . ,
Va.-Car. Chemical. . . ,
do. preferred. . . . ,
Western Union. . • . • ,
Wabash. ....... . ,
do. preferred. . . . ,
Wisconsin Central. . . ,
do. preferred. . . . ■
Total stock sales today, 1,316.0007
NEW YORK.
The following la the range in cotton f«
turea in New York today: .
steady.
LIVERPOOL.
Following table rivri opening range and
cloae, compared with yeaterday'a closing:
Futures opened standi.
Opening Previous
_ . , ltange. Close. Cloae,
September ..5.<* 6.09 5.02
Sept.^pct. . . . .'..4.96^.9414 4.99 4.9J
Oct.-Nov 4.92-4.92 4.96*4 4.9114
Nov.-Dec 4.93 4.97 ’ "
Dee.Jan 4.94-4.92V
Jgn.-Feb. 4.97-4.J61
Feu.-March 4.97-4.98
Marrh-Aprll 6.01-6.00
■prll-May 6.01-4.9814 6.06 a.oo'
lay-June ,.6.03-6. Of 6.08 6.02
Closed very steady.
NOTES ON GRAIN
Pointers on. Provisions.
undoubtedly deterloraterl <mu»blerably. Irat
then It must not I* forgotten tnat w
fore this deterioration became feneral a
very high condition had l>een r f°fbed.
;2r that possibly the nesslml.m of today
wan r:s SrfeKrHS
7r:fl‘*-«i.d l tssrwf’ 1 w jay?x
needed together the cotton now made.
GIBERT & CLAY
* *- ALABAMA BT.
STOCKS. BONDS,
COTTON, OHAtN,
COFFEE, PROVISIONS
ATLANTA, OA.
. Private Wire* to all Exchange*.
" t * 1 and Lonti Distance Talaphone 5298,
Vf. n. FAGAN, Managarv
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 steadier. Ranklln la
about the best buyer of December
wheat, with scattered Belling of May
by commission houses.
Minneapolis stocks of wheat de
crease 690,000 bushels for five days.
A little buying of wheat, notably by
a couple parties who sold at the close
yesterday. Market tone barely steady.
Situation continues heavy owing to
the buying power not being sufficient
to absorb hedging sales, and wneat will
probably drag lower yet.
Langston started to sell December
and the crowd wilted. Trade quiet.
Logan Tias Just sold 100 May corn
at 431-Sc.
Oats opened steady, with local par
ties selling May. Buying mostly by
commission houses. Trade rather
light.
Light offerings In provisions. Mod
erate buying of nearby options of lard
by shippers. This would Indicate bet
ter demand for cosh lard. Trade light.
The general crop report September
10 Is 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 harveet-
ed, of Spring wheat, oats, barley and
rye.
The Mlrtneapolls flour output lost
week Increased 20.176 barrels, the
quantity turned out being 217,176 bar
rels.* This week the figures promise
to be even smaller. Not only iwere all
the mills Idle on Monday for Labor
day, but one or two less are In opera
tion than a week ago. The output Is
likely to approximate 250.000 barrels.
About all the mills found trade In
flour last week less favorable. Sales
were smaller than In the preceding
week and those made were usually In
■mall lota
Private Wire to Glbert A 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. Is
hardly probable, as the prevailing
price Is practically below the price of
production. Would buy wheat now and
more on every soft spot
This Is the third day of the break
In wheat, and on general principle we
ught to have a rally.
The Record-Herald says: "By a vote
of 621 to 177 the Chicago board of
trade voted down the proposition to
reduce commission charges.
"Sales cash grain in Chicago were
275,000 wheat, 190,000 corn and 190.000
oats. The wheat Includes 236,000 No.
2 hard to go eaat and 40,000 mixed
lots to local mllla.”
Corn trade)alow. Market a abode
easier. Weather and crop outlook beat
Imaginable.
Kldson good seller September wheat.
There was good buying on the decline
of December by Ranklln and Kneeland.
Provisions quiet and barely ateady.
Pit trade Inclined to sell, but aqy buy
ing would change temper of crowd
quickly.
NORTHWEST CARS.
The following 0gore# give ths northwest
cars today, last week end laat year:
Last Last
Today. Week. Year
Mlnenpoll* }* 64 231
Duluth 1»> IS «
THE COFFEE MARKET.
New York, Sept. 6.—The opening, waa
ateady at an advance of U to 26 points In
response to higher cables and s renewal
of unfavorable crop advice* from Krnxll.
There waa very heavy realising on the Ini
tial bulge. On# broker anpnoaed to repre.
sent Wall afreet people, sold a block of ».■
CO) bsga of December, and with some scat
tered offering! prices lost 6 to 10 points of
the advance. There was a goqd demand,
however, and It looked aa If the trade In
terests were hnying the coffee thrown over
by the Wall street longs Prices conse
quently rr""' —- *
the early
at prartli
inee of i . . •
uck more active than the last two or
..tree days, and In the transactions daring
the first half of the areslon about 60,0m
lets* were handled. BnutUan markats
were unebeared to 75 rela lower. Havre
was s franc higher and llamhnrx was 1-20
3-4 pfenning higher. The European mar
kets have been Inclined to steadiness re
cently. and Europe, bre been a moderate
buyer bare.—Ware k (.eland.
Following la tho openlug range and cloae
of the New York coffee market for to
day:
Opening
Uenga. Close.
January 4.604.0
SET*::::::::::
- .7. w: ;9» tEB
g&ii:: ••'.••:g4 1 o gSgS
Oftotor »• .6M-6.15 WM,®
November ..»»*• M04.4&
peeembet •••• •• .M0U5 LfiOiH
Clveed Ann.
TRADE WAS LIGHT
IN WHEAT MARKET
Opened with Prices Lower
and the Room Sentiment
Still Bearish.
By Trieste Leased Wire.
Chicago, Sept. 6.—Wheat bulls were
a happy lot because of the reported
tailings of sixty boat loads, 430,000
bushels, for export. This caused the
market to become firmer late, driving
some of vhe shorts to cover. The close
showed prices at l-8@l-4 cent oft with
reactions of 3-*c from the bottom. Corn
was tame as a pet fawn and It closed
l-4o up to l-801-4c off. Oats un
changed to 1-801-40 lower. Provisions
were mainly eaisler.
•Primary receipts of wheat for the
day, 603,000 bushels, and com 672,000
bushels, compared with 761,000 bushels
and 930,000 buahels, respectively, a year
ago.
Clearances from the seaboard were
376,000 bushels wheof, 11,390 bushels
com and 59,000 bushels oats.
Winnipeg receipts of new wheat were
liberal and the grading moat excel
lent.
Argentine shipments for the week are
estimated by Broomhall at 800,000
bushels wheat and 2,000,000 bushels
com.
Today's sales were 6,000 bushels No.
1 Northern wheat and 100,000 bushels
corn; 60 loads wheat at seaboard.
CHICAGO GRAIN MARKET.
for today
Open.
WHEAT-
K:::v ^
May.... 77
OAT8U
fapta... 4
n«w 3
May i
FORK-
JOn!" iiiiiik 13-4214 ii!37V4
I.ARD--
CASH WHEAT—
<770.
LIVERPOOL GRAIN MARKET.
Wheat—OppiiiHl *4c lower; at 1:30 p. m.,
%c lower; closed Hr lower.
Com—Opened unciuuiged; at 13) p. m.,
He lower; do»ed H©He lower.
NEW ORLEANS.
The following i« the range In cotton fu*
lures In New Orleani today:
Hept.
Oct. J
Nov. .
I Doc.. J
Jan. .
Feb. .1
March
[ay .
losed
TlM8
9.13- 14
9.14- 15
9.16-17
9.24-25
0.3042
9.37-38
9.60-62
y. 67-00
9.06- 07
9.07- 09
9.08- 091
9.18-11
9.20-2J
9.27-28]
0.44-46
BULL LIQUIDATION
PAUSED DECLINE
ew York. Sept. 6,-The Sun l
vcrnopl wonlii hnve none of the ndvsnco
nlahdy sniffed at taloa of detei'
1 , ln T.xae. Expected to rise, at 1™..,
}L. Amcrt ^ a Pjdate, It declined nearly
,? luc . h ’ .I 1 " 1 nil,| a 1“ Ha dispatches
5°»l h .*** offering cotton more
freely and that bulla on the other aide
were disposed to liquidate. And there
ZV? ''71 wanting _ thoee on this side
J}®, opined that New York bulls were
selling in Liverpool. They seemed to be
ftB wbI1 ' though appearances
may have been deceptive. However that
may be. there was more dlsi>osltton to aell
tp* 0 .‘here was to buy, not only among
American, but Southern, operators. It
looks very much like a purely traders*
market, and as though anybody who takes
It for anything more than that will be
£ miscalculation which may turn
out to be more or lest expensive. Th»:
consensus Is that unlesa the crop retires
* *£tback than It hna na yet, the
drift of prices will he downward, with
occasional upturns at the expenso of a con
gested short Interest, fn the mean time,
many are holding aloof, awaiting the gov*
eminent reporta on tha condition of the
crop and the ginning up to September 1,
which will appear on Monday, Hentember
olb5rt’ p i'cC * “•
New Orleans* Sept, 6.—The Timrs-Dem
__*rat:> ••Yesterday’s cotton market was a
small affair, In part the result of tho con-
•■■■■ant bureau repqrfaJ
ability of rrlcnda of the ttaplr V
price In tho face of rather g4uer.il covj
erlng by ahorta proved conclusively euoi ’
that, bearish sentiment has uot yet mu ....
course. As a matter of fact, liquidation
by longa decreased values Just about na
much aa did fresh short selling. Hence,
the logical Inflneuce of a wet weather
map and the probability of bullish de-|
Ivelopments next Monday, when the gov
ernment will give out a lot of Information,
failed of efTect. With Liverpool uot In
clined to father an advance, nnd n goodly
portion of tho cls-Atlnntie talent favoring
the bull aide foi a quick turn over bu
reau day, consequential price changes dur
ing the remainder of ;ho week are hardly
l>e expected In tb» absence o( s better
mind fnp flu* upfiiil «tnfV .Wnri*
c»w?o<H>ooooDoooCH>ocK3ooaoao
O BANK STATEMENTS O
ARE CALLED FOR. O
By Private Leased Wirt. O
Washington, September 6.—The O
comptroller of the currency to- 0
day Issued a call for a statement 0
of the condition of the national O
. banks at the close of business 0
0 September 4. 0
CH>4KJCOO4>4K>O^Oa^OO0OOO<KJa
TIPS FLASHED
From Wall Street
Private Wire to Wore k Leland.
New York, Bept. A—London strong.
lc higher. Secretary Shaw* In extending
relief through facilitating gold Imports,
should help the money market materially,
and look for easiness in rates.
There Is very lmlltsb talk on Coppers,
and good authorities maintain that the Ilnr
r man Pacifica. Atchison, Rt. Paul nnd Hal
timoro nnd Ohio will work higher.
ft is expected that tho ore deni will
he put through on Judge Gary's return
this month, and should the Rteel stocks
sell off any. would buy them. The mar
ket will probably be more or less Ir*
regular, but look for good li
pear whenever weakness dev_.
We hnve Indisputable evidence this morn
Ing that the Flower crowd are bullish ou
Amalgamated. The Gates following Is In it
also, but the Flower brokers bought the
stock this morning. The stock, heretofore
opposing n moderate advance, la reported
to us ns being removed. The way should
be open for 5 points up from 111, according
to our calculations, uuder the circum
stances.
Foreign buying of Atchison was report
ed to a big house by a specialist this
morning. It was stated at the time that a
block of stock would have to lie taken be
fore much of a move np could be forced.
Gates soys looks like Heading Is going
up quick.
Private Wire to Glbert k Clay.
New Y’ork, Sent. 6.—Daniel Odell k Co.:
The market will prolmbly have a good re
covery this morning, but wortd not follow
It too far, aa the money renef Is only In
sight and not yet at hand.
Marshall, Spader ft Co.: The stock mar-
the fiscal year i
June 30: Gross earn
ings 88.031.950. Increase t*.**#*,*.'., iui«. ...■
come 18.356.S&5, Increase $1,574.116; net In
come after taxes and fixed charges $2,742,-
962, increase $1,139,734. The net income In
isl to 6.09 per cent on the capital stock
_ the company. Deducting charges for bet
terments nnd additions, Ihere was left a
surplus of &162.009, an increase of $1,012,-
676.
New Y’ork Financial Bureau says: We
expect to see extensive short covering this
morning on the Shaw relief. We expect
also to see n great deal of profit taking by
those who knew the relief would come.
They were few. The government seems to
have entered into the husluesa of specula
tion. We would not follow up too closely
the adrnnees, hut would buy on recension*.
The relief is In sight, hut not at hand. In
timation* of government relief Just of the
character extended have been persistently
received and submitted, but It seems to bo
the fashion now to circulate these rumors
till they have whiskers and then suddenly
give them a shave. We hav8 always hold,
that with money nermltting, tho big bull
fundamentals would Irresistibly work for
higher prices, and at the same time said
there could be no serious declines even in
the face of high money with stocks and
y In the hands of the powers, and we
io reason to change our opinion. Wa
recommend conservatism still* hut think the
situation for the dally operator a little
brighter nnd would accordingly act, looking
lore specialty movements upward and
governed by reason. The tiding over
of the drain will mean tiu|t In the forepart
of the year money will bo In supply amply
sufficient to enable outsiders to carry stocks
actions will be experienced.
LONDON 8T0CK MARKET.
STOCK—
Anaconda..
Atchison
’nnsdinn Pacific., .. .. ..
•hie., Mil. and St. Pant....
•Irle
Illinois Central..., ,, ....
aoulsvllle and Nashville.. ..
leading 1
Pennsylvania 1-
Southern Pacific.. ..
1 Jnlon Pacific
Jnlted States Steel.,
do, preferred.. ...
AI GENERAL GAINS
On the Advance Room Trad-
ex’s Hurried to Take
Profits.
REACTION FOLLOWED
Buying While the Reaction
Was in Progress Was
Confident.
PRICE CURRENT CROP REPORT.
6.—The Price Current
—’The week has been favorable for
the growing corn crop. Will be practical-
out of danger from frost In two weeks,
fall acreage of winter wheat likely to
lie sown. Interior grain movement light.
Packing 390,000, against 340,000 last year."
# MONEY ON CALL.
Money on Call: Open 20; high 26; low 6.
By Private Leased Wire.
New York, Sept. 0.—The professional
traders saw 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 npd 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 rati loan
was made at 20 per cent, and then fell
a few points, a fresh buying movement
started, and led by Brooklyn Rapid
Transit, there were numerous recov
eries in prices. Reading soon became
the leader, scoring a sharp advance
which held the list. On tho 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
timent was mixed, the money market
continuing to be the principal deterrent
to extensive committments on the bull
side. At the same time, the stock mar
ket gave every Indication that with
a decline In the Interest rates, the pools
and cliques would not And It difficult
to mark up prices and stimulate out
side trading.
The stock market opened generally high-
Transit 1 per cent in nil; United
Steel preferred Baltimore and Ohio,
Pennsylvania, Chesapenkt* nnd Ohio %,
Southern Pacific H and Delawnre end Hud
son \ per cent Amalgamated H higher
and advanced In all 1*4 per cent
on good news, and the feature* of the first
the highest range of the first 1 o
minutes. The buying, though, while this
realizing was In progress, wns confident,
nnd most of It by Important financial inter
ests In tho street. The losses on the ren
net ion* were easily recovered, and at tho
end of the first hour shorts liccamo nerv
ous and wpro anxlnnt to rover, although
there was little supply then in sight trouud
prevailing quotations.
London wns tho heaviest buyer In the
first few minutes, arbitrage purchases nt
nnd Just nfter the opening being estimated
at over 50.000 shares, but In the later
trndlnif foreign bouses did little.
Government bonds unchanged.
Railroad and other bonds active and firs.
THE METAL MARKET.
in the hid for spot nnd nearbl deliveries,
flpelter wns firmer nt 5 points advance.
Copper ruled strong.
SOUTHERN EXCHANGE
Oldeet Establlshofl Office South.
COTTOK STOCKS BONDS GRAIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
Wheat
Corn «; 2J
Ont# 168 217
Hog* 29990 19000
PRIMARY MOVEMENT.
Wheat-Receipt* 606.000 liu.hela, agalnat
760.090 trash el* U«t year: •blpment* 431.-
000 bushel*, against 642,000 bushel* last
T Corn—Receipt* 672,000 bnshel*. agslnst
990,000 bnshel. I«*t yetr: »hlpnient»
000 bnahele, ngaluet 909,000 bushel* last
year.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL. BANK
PHONE 1417. PRUDENTIAL BLDG
New Orleans.
iSlm, ^ro^isionsIstocksPbonds,
W.
COTTON, Gfi
Me. 2 Wall St., Peters Belldla§, Atlanta. Ca.
UZM81RS:
Kew York Cation luhanee. ! f 1 i ndt "
*- Orleans Cetloe taebange. CbUago Sto<k Ixckaege.
.... . . York Coffee Cichseje.
B. C. COlUBAN. Manager.
Standard Phene 2M.
liter coo! Co'too Association.
Private Wires to New York. How Orleans. CNeaga.
Bell Phane 126.
31 % Compound Interest
Is # the rats your monsy will draw If depoilttd In the 8AVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You ere Invited to cell and Impact our quarter* and Inveatlgat*
our facilities to serv* you. A hearty welcome await* you at thla
bank.
A8A G. CANDLER, President.
W. H. PATTERSON, Vlce-Prei. A. P. COLE8, Cashier.
JOHN 8. OWENS, Vice-Pret. WM. D. OWENS, A«at. Caihler.
(T
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, VIct-PreeldenL
H. T. INMAN, Vlce-Preildent. GEO. R. DONOVAN, Caihler.
JAMES S. FLOYD, Aie't Caihler.
Capita! $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO., MERCHANTS
Atlanta Officfes. 2I9-2JI Century Building.
Member* 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.
Bustneaa solicited for the above exchange*.
Direct wire aervlcc. Correspondence Invited.
Phones 454, Long Distance 39. A.S. Hustace. Mgr.
WSI. !„ IT.UI.. President
ROBERT F. MADDOX, Vlre PraaMant
A1ADD0X-R UCKER 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 the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. IVc invite
you to call and inspect them.
Title Guarantee and Trust Co.