The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 07, 1906, Image 11

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THE ATLANTA GEORGIAN. FRIDAY, (RPTBWBER 7. 1W. 11 Liverpool Failed to Meet Advance in American Markets Yesterday longs light sellers Market Is Expected to Con tinue Dull Until After Bureau Report. B t,>» h Yo e rk!’ < ''«'T , -''7--T«ie loctl cotton mri* opened 56* Mint* lower tcxUr. not to weak expected ou tbe life, "win* to the fact that beavr cor- onlera from Intereata In the Rputh JId accnmulatcd overnight. The Mrerpo.il market .bowed rather weakueaa thle morning than expect- ffonfuturea, Irina jiefpolnt dawn. Jhen nil udrnnce of lVt poluta woa ex- KIm WM In Increaaed demand, aplnnera titinx T.'W balea »t 6.41d, 4 polnta up. *”v«> or x, to follow Liverpool, ahould m,c otOTied alKiut 8, point. lower, but on cSverlug ordera Initial price* were 26* Sit* down. A alight further Improvement Erurred Inraiwllutsly after the flrat call, ?.f“r which trading wan very quiet, with the tendency downward, through fluetua “crop and weather renorta are favorable, thowh boll weevil nnrt other Inaecta are Kried a* doing tome damage tin Texan ..a revolt of recent ralua lu aome aectlona. Rowerer, the weather la reported clearing “the New York Commercial aayn: "II*- oort* from correspondent* Indicate the crop E,r i'.111:111K aenaon will. In all urolraWllty. I™larger than Inat year, hot wifi not topial he lui in per yield of year before Inat." The eastern forecast tndlratea showers late tonight or ou Sntarday for west Mor ph, Alabama and Mississippi. For the balance, fair tonight and tomorrow. Estimated receipts tomorrow: ^ Now Orlrant }« '.WO iSrv. v. v. IS Vkb ImS Weeklr Interior movement: For twenty- eight Interior .towna: Jtecel^ta 74.7W, NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Wore ft Inland. bew York, Sept. 7.—Uverpool ope 9“lf» 1 .. do * 1 !, °" “eat and H down A, a MS*.6l« m - H61V4 down and ttendy. Sales 7,000; spot* 4 up. Due come 7H up. yesterday. The hurrlrane nnd atorma pre dicted on the Atlantic coast seem to nave been side tracked, giving lienra more eon- fidcnce tbit morning. Look for a nervous nwrkot the next few days till tbe burenu. Tbe market since the opening his display- Ml considerable strength, taking lota it cotton, and working up from opening price*. It looka its though one of the largeat Itcnra'on tbe floor corned hit abort cottou yesterday, although the tame party It inclined to tell again this morning. There are a lot of private reports here of deterioration and boll weevil In Texas. Look for a nervous market. Think It will Iw a food scalping market until the hu reau Monday to sell on ralllea and buy oi weak snots. a S' " !■ offering 5,000 December 9.18c. Hchlll and Ray are picking up cotton. Lesser-Goldmsn weekly letter: Ralua hare been quite general for the pait two dnra in our territory, ami complnlnta of deterioration from the flattering proepecta of two weeks ago are grueral. There It u * doubt that with these continued mint mime damage must retult from rutt, theddlnf, ma and too rank growth, prevent! 1 iral fruitage. Notwithstanding thlt, as touthenit Missouri, Arkansas .1 — north portion of Indian Territory l._ concerned, there la a much better crop than Inat year now In tight. Homo new rotten hat nppeared. and picking In the uplandt will become general next week. New Orleant, Sept. 7.—Cablet are uufa rorable nnd conaldernhle froth buying will protiahly be uecetaary to hold prlcet up on thlt aide. The expectation of bulllaa flpiliitt 1..J8 latt year and 106, thlpmeiita 74,i83. against 64.200 an,! 90.944 In 1904: atocka 106.087, against l.ffil Inat rear and 70.815 In 1904. Info wight for the week 120.709. agnlntt liiet year nnd 153,542 In 1904. overland to northern mllla and Canada for the week 3.095, ngalnat 4,284 laat year "'icing? Inalghf* for week 113,306, against inat year and for season 113,806, icnln-it 231.281 Inat year. on vigorous hammering by the heart, the market In the late trading worked ite.nlllv. the dote being at the lowest point of the* ilny. net 4017 polnta lower. 8POT COT! ON MARKET. Liverpool, cotton, spot demand created, with prlcea steady; middling un* lands L45d; tales 7,000: American 6.100; •Mentation nnd export 700; receipt* 4,000, til American. Atlanta, quiet at 9%e. New York, quiet at 9.90c; delivered ou contract 600. New Orleans, steady at 9%c, IlouHton, steady at 9*4c. Galveston, firm St 9 5.16c. Wilmington, nominal. - Baltimore, nominal at *9440. TODAY'S PORT RECEIPTS. The following table shows receipts at the porta today, compered with the eeme day Uat year: New Orleans. . , Galreaton. . . . Mobile Savannah. . . , t’harlestnn. . . . Wilmington. . . Norfolk Baltimore. . . . , Boston.... _ INTERIOR MOVEMENT. Tb, following tab!, shows receipt* at tha interior towns today, compand with th. Mm. day list year: WARE A LKLAND’8 DAILY COTTON LETTER. N*tv Orleatu, Sept. 7.—The cotton market waa dull today and had a down ward tendency. Liverpool failed to meet the optlmlam that prevailed on thle elde yeaterday and the result was that longa were rathrr Inclined to leeeen their hold ing*. Spots were easy In eplte of many bullish crop telegrams from the Inte rior for the simple reason ■ that they nave been covering for several days Past. There no longer exists any un- Jteldy *hort Interest In the market. Tomorrow and the flrat half bf tha Monday aesalon will probably be dull, "ttn the bureau out of the way more tre»h business will probably be seen, oow that we are right on top of the bureau there Is still as much uncer tainty over what the report will be as f v * r - The trade has hardly attempted •? r °, m > any Idea of what the report on ginning will b« although It te, of course, generally conceded that the amount returned will fall far short of what waa returned last year. The bit of gossip " r 'g?rd to the report on condition Is inat the government will issue a »up- 'lfmental report giving an estimate of "Uat ha* happened to the crop’s con- ?"l on *lnce August 25. This rumor, however, utterly lacks confirmation. If *uch a report were Issued It would un doubtedly be very bulllah for, accord- mg to reports from the belt, the crop na* deteriorated to a marked extent Au «u« 26. The movement le test becoming a strong bulllah argu ment. Heater resumed hla figures on n - •’fop movement today and made Telegram* from New York nay that la ruaiorMl there that the Idlrenu will sup plrnicnt He 1 sport on ronilltlon by xlrlug an estimate from Ita Held agent* of the deterioration that has tilieti place fcln.iv August 2*. This rumor has i.ot been con firmed. The net stock of cotton In New Orleans I. 12,429 hales, against 41.7*7 at thl. time last rear. The amount of cotton on ship- hoartl Is 2,492 hates, against 3.M6 last year, Tbe government Ir.aues a storm naming. It mys the tropical storm I* moving to ward the east Florida coast, and that the center of tbe storm la north of the Uaha mat. The market la dull and narrow, nnd lit tie netlvlty may he expected uutll after the bureau. The spot demand la fair nnd offerings are quickly absorbed at yesterday's prlcea, Private Wire to Olhert * Clay. New York. Sept. 7.—Liverpool at 12:2* p. n:., woa 2W lower. Wan due 1V4 up. The market da entirely Inesl. with Wll son nnd Mitchell selling and Nortlen buy "■f'ho Chronicle make, the commerelnl crop of 1906.130* 11.219,«40 hales, against 12,656,. *41 In 1204-1906. . „ ^ .. . Total eonaumptlon all kinds cotton In 600- pouitd bales 16,293,228, against 16,641,667 pro- vlotta year. • . . . „ The Journal of Commerce aaya: A full volume of Imalneaa la going on grnrrally, hut buyers will not take more ,halt they require for thelr current newts, which nro In man; freely things, lug to ny linen, nnd,.In fact, are saying that they are like peddlers In towa hunting from hounc to bouse try. do business. New Orleans, Sept. 7.—Liverpool at polnta down la a poor market. Waa due “our "“'traveling representative wires "Shreveport to Texarkana, along Red rlv er, line crop: MU *«ctlona good: think condition ns good, an 1904 same date Stl I blooming In low lamia, opening rapidly on old Iambi: all glna along route running." Today’s map la excellent. Clear and cool In the west nnd cloudy In the east. The only rainfall to amount to anything has fallen In Tennessee, while the expected storm baa failed to materialise. THE COFFEE MARKET. New York, Sept, 7.—The opening wan steady at unchanged prices to an ad vance of 6 polnta, owing to higher ca- blea, and prices held around the Initial figures during the forenoon, although offerings were quite heavy and demand showed tittle Indication of broadening. Europe and Wall street sold here, while the buying seemed to come from prac-' tlcally the eante source* as yesterday, Including aome of the local trade In' tereats and shorts. The European sell. Ing waa thought to Indicate profit- taking by aome of the European Inter ests who sold on the valorisation ad- vance, covering on the subsequent de cline, and have recently sent out rather bullleh meeaagea and might now b« taking a moderate profit on long coltee. A prominent local authority on coffee subjects In an article published thla morning states that the recent decline In Brasilian markets and lower firm offers have resulted from the forced realising of speculatively held supplies, rather than selling by growers, and thla seemed to accord with a private cable, gram received late yeaterday from iavre that Santos holders were with drawing offerings also with the higher primary markets, according to thla morning's cables. Rio waa 126 rela and Santos 100 rela higher.—Ware ft Le land. , . , Following la the opealng range sad do** of th* New York coffee market for to- d * 7 ‘ Opening Ranee. Close. - ' 6.75-4.50 April May June July August Keptemlier OctolHHT. .. a* *• November... • December Closed steady. ..Mrfr ..6.66-6.75 .6.75 .. 6.90-6.86 ..6.90 .6.90-6.96 ..7.00 ..7.00-7.10 .6.26-6.40 6.80-6.86 6.904.96 7.00-7.06 7.06-7.10 the amount of cotton In slfht for the week 121,000 bale*, a*ain»t 222,000 thla week laat year, 152,000 In 1904 and 27,000 In 1903. The lack of export de* mand, partly but not wholly, explains the llrht movement. One of the Inmost and moat reliable spot houses In this market received the following telegram from Hope, Ark., today in response to a query: “We cannot make Arm offers at present on account of light receipts. In aome sections the crop Is undoubt* edly turning out later than expected and the lateness Is affecting th# move* ment to some extent. Again, many farmer* are bending all their energise toward picking and are storing their cotton In the aeed ln«tead of ginning It. GIBERT A CLAY • t ALABAMA BT. STOCK*. BOND*. COTTON. OBAIN. correc. provision* M EMBERSl ATLANTA. OA. • Private-Wires t* all Exchange*. ‘■•‘•I and Long Dlntanea Telephone 5398. W. R. FAGAN. Manaoer. Edited by Joseph B. Lively MARKETS Mr. Lively’* twenty*flve years' experience of ed iting markets In Atlanta and tbe South has made him a recognized au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Amalfi*mated Copper.. Atlantic Coast Lltit. American Sugar Ref. .. Anaconda Amerlrnn Locomotive.. do, preferred. . . . Amor. Bund ling Ref. . do, preferred. . . . Atchison do. preferred. . . . American Cotton OIL . Amer. Car Foundry. .. Baltimore k Ohio. . .. Brooklyn Rapid Tran.. Canadian I'aclflc Chic, k Northweatern.. Chesapeake k Ohio. . . Colorado*Fuel Sc Iron.. Central Leather do, preferred. . . . Chic, k Great West'll. Chfc.. Mil. k fit. V. . . Delaware & Hudson. .. 1)1*tiller'a Securities. .. ”-lt do, preferred General Electric. . . , Illinois Central Amer. Ice Hecuritles. .. Loultrllle k Nashville.. Mexican Central Mlssonri Pacific NAME OF STOCK. N. Y.. Ont. 4k Western. National Lend Northern I'aclflc. . . . New York Central. . . , Norfolk k Western. .. Pennsylvania People's Gas Pressed Steel Car. . . do. preferred. . • . Pacific Mall Reading Republic* Steel Rock Itlnud do. preferred. . . . . United States Rubber. , do. preferred Southern Pacific. . . . Southern Hallway. . . . do. preferred Slow Sheffield Tenn. Coal dr Iron. « . , Texas k Pacific Union Pacific United States Bteei. . . do., preferred Va.-Car. Chemical. . . . do. preferred Western Union. . . • . , Wabash do. preferred Wisconsin Central. . . . da preferred. Total stock sales today. 1.088.000 aha res. ‘S: NEW YORK. me following te the range tn cotton f« Inrra In New York toitly: [TO 111! Ill Dec. . . Jan. . . Feb. . . March. . May. . clotted Iwirely steady. Cm M&ti 8.84 9.8446 9.07 9.06-07 9.07 9.06-07 9.18 9.13-14 .... 9.18-20 9.26 9.26-27 9.16 9.96-87 X783> 9.00-01 9.09-11 9.21-22 9.28-29 9.86-97 9.4142 9.4940 LIVERPOOL. Following table rives opening range and close, compared with jcsterdajre closing; futures opened ijulet and steady. Previous September. , Sept.-Oct Oct.-Nov. . Nov.-Dec. . Dec.-Jan. . Jan.-Feb. . Feb.-March. March-Aprll. Anril-Mny. •. •Juno.. uay-Jun "Closed .4.964.94 4.98 .4.964.9416 4.98 .4.974.96 4.99V6 .4.994.97% 6.01 .6.01 5.03 .6.04 6.06 •5*®4 5.W4 4.2* Him m • 5.04 5.08 NEW ORLEANS. turn In New ig I* the Orlei n, i *oW:. Nov. . . Dec. . . Jsn. . . Feb. . . March. , May. . Closed I I 1 ill 1 losed steady. imt 9.13- 14 9.14- 15 9.16-17 9.24-26 9.9042 9.37-38 9.6042 NOTES ON GRAIN Pointer* on Provision* Privets Wire to Were ft Lelentl. Chicago, Kept. 7.—Nothing In wbent at tha opening. •>.* .n—--*« r* Offer! nn Crowd not disposed to sell It. ery light trade In provisions to far. Scattered buylug of rlbe Induced by high er hog market. No feeture*. Chlcego Inter-Ocenn: Malvoston 1, Mock nde.1 with wheet. The Kent* Fo rood ye, teril*y I .sued ordera that they would not take any wore wbent for (lalveeton for ton deyi, or until the blockade was cleared -- One export boune la aald to have 500,- . hnabela wheat In Ita clavator tbare, and 600,000 more rolling In, In addition to nearly the name quantity on track. It wan claimed that there were 1,200 car. of wheat on track. Elevator atocka there Inat Sat urday were 1.700,000. Until It la poaallde to loud out wheat Into veaaeln for export, no new hualneaa can he taken for Qalvei- ton. Thla cut Ksnsaa City cash Interest: out of the gnlf hualnea* temporarily, ant cash handler* there were offering wheat to Chicago yeaterday more freely than for n month, ft number of anlea were made to come here, and an Increaaed movement from the southwest to Chicago Is expected. At Kansae City, 200 cars wheat were left on the tables and sold yeaterday. Cash hualnea* In Chicago Thursday was .,000 bushels No. 1 northern wbent at 5c over September In store, 74c. Corn. 110,. 000 bushela, and oats 207.000, the latter In- cludlrg 100,000 bnrhels standard at %C over Ketpember and 20.000 bushnls He over Sep tember In store. The seaboard (old 125,000 wheat for ex port. Inclmllog 704.000 buibele Marconi nnd 12,00) Manitoba, th* latter to Canadian xporters. Charter* were mode for 26,000 buahelt corn at lHc to Buffalo. Ctah wheat In Minneapolis was of M0%r yeeterdar- — #rn __ . ..... .... _ northern l%tf?<* and No. 3 wheat September prleea to %c under. Wheat Is being threshed from the shook and marketed freely In North Dakota, wired C. M. Usse, of Minneapolis- "I think the proportion of Marronl la larger than esti mated. Our men think this early rush will not last as long as usual. There Is more tendency to stack or bold lt/‘ :asn wneai in Minneapolis was or pterday with tbe demand only fair, local lls being the best buyers. No. 1 north- i was 803%c over September. No. 3 f. Ilifniftf. nppi, rr » iijri-tini [Htit t< rally uurhanged. There was a little sell ing by pit trader*. Trade was alow. The weather In the northwest was hue, lint cars there, nlthongh Increasing, are laaa than half of laat year. Corn opened steady. Fine crop proe- “TiiKid weather and Improvement In 211*- snuri. Iteports had no apparent effect on the market. GIBERT ft CLAY’S DAILY COTTON LETTER New Orlesna, Sept. 7.—Option* Im proved slightly during the day’s ten sion In Uverpool on lean favorable crop news, finally cloning from 1 to 2 points higher than the previous day’s evel. Holders of spot cotton were of- ferlng freely, which In a measure off set the Increased demand, sslea aggre gating 7,000 bales, at an advance of 4 mints In quotations. In spit* of th* ’net that the many Indications yeater day for bad weather today failed to materialise, prices held remarkably steady and continued ao until the li quidation of the long Interest, ac cumulated yeaterday, aet tn when prlcea eased considerably. The mer est, however, waa an exceedingly dull and uninteresting affair and a general lack of Interest was displayed on all eldea. This apparent antipathy on the part of the trade Is largely due to the neitr approach of the day set by the government for the publication of mth glnner*’ and condition report*. It Is almost Impossible to forecast with any degree of accuracy what the bu reau’s estimate of condition will be, for lately so many unfavorable reports have been received and ao Insistent have some of them been aa to tbe un mistakable deterioration, that a feel ing has been gaining ground that the true damage has been greatly exag gerated, but then It must be remem- jered that the report will embody only that period ending with the 26th of laat month, and hence the late unfav orable rain will have become elimi nated. L. J. ANDERSON ft CO.’S DAILY COTTON LETTER. WHEAT OPENED Poor Cash Demand and Rather Disappointing Cables Factors. By Private Leased Wire. Chicago, Sept. -7.—Wheat ruled soft during the day and It closed l-4©3-8c lower, corn l-2©5-6c lower, oata were off a shade and provisions lost moder ately. The export demand for wheat waa small, and the clearances at the sea board ware light at 2,466,000 bushela, compound with 6,011,000 buahela * year ago. Com clearance* 128,000 bushela; week ago 201,000 bushels. Cash sales of grain were am&ll both here and at the seaboard. Primary receipt* wheat 616,000 bush els and com 666,000 bushels, compared with (72,000 and 67(,000 buahela, re spectively, a year ago. Clearance* wheat were small at 40,- 400 buahela for the day and 2,466,000 bushels for the week. Com clearances 60,000 bushela for the day and 226,000 bushela for the week. CHICAGO GRAIN MARKET. Open, WIIEAT- lept |k s s s lii IIM 1 i k 16.70 11.76 16.87% 18.26 18.26 13.87% 1$, CO’ Kepi Eh OATS— Kept... S P« * M>mr- i.T' !*:« LAUD— Z-J 7.(214 ISP* 7.1214 RpptT. OCt.e.e B.W J *CAg!1 •8* ?:L bat ik 1:8* 6.70 M6 7.26 ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. New York. Kept. 7.—Spot sales In Uv erpool this morning were 7,000 heirs at an advance of 4 i-rtnt«. hat notwithstand ing this better strength In tbe root de partment, the future market failed to re spond to the rise lu our market of yeater day, and opened at a decline of UI2 P--U-,-. ■ hearing clearly the temper of tka trade Sin!? a W n, MfO T ^n N, f7o. r %.S3^i finals and daring tb* morr around those prices, hot a disposition at one tors to dm the mark, were not enthnataatle — ports from the belt were about a stand off, but the weather nun nbowed fairly favorable condition, existing. This being tbe period of crop deterioration, the bear, were not disposed to l>e persistant, nnd on tbe other bawl tka hulls are awaiting ■non derided adverse reports before nuk ing any vigorous onntaught. la th* mean time. the trade roetlnees to believe la a Urge yield ealeaa the crop la overtaken by some unforeseen catastrophe or an adrly ffrifif, LIVERPOOL GRAIN MARKET. Wheat—Opened unchanged to He higher; _i 1:20 p. m.. He lower to He higher: cloaca He lower to He higher. Corn— Oiiened unchanged: at 1:20 p. m.. unchanged to He lower; closed unchanged to He lower NORTHWEST CARS. The following figures give tbs northwest cars today, laat weak and latt yaart last Laat Today. Week. Year Minneapolis 117 72 435 Duluth *12 13 40 CHICAGO CAR LOT8. ’ Today. Tomor. ItJfr ' PRIMARY MOVEMENT. Th* following figure* give the primary movement of wheat and corn: Wheat-Receipt, today 613,000 bushels, against 912.000 bushel, last year; ship- menu todfty 267.000 buahela, against af- 000 bushels last year. font—Receipts today 600,000 buahela, against 070.000 buahela bat year; shipments today 2(0.000 bushels, against IK,000 btubela laat year. " THE 8UQAR MARKET. Private Leaned Wire. , fw York, Kept. 7.—L ... fined augur Heady and unchanged. Ixindnn augur market steady with Keptcml.-r and tiririu-r unchanged at (a OHd and 0s 4140, respectively. NEWS FROM CROP SLIGHTLY BULLISH ,, Kjy York. Kept, 7.-Tha Hun aaya. ... 0, . ,h ? cotton market .ent prlcea owlnK '"fjfely to fear* that n tropical storm rnity strike the cotton fountnr on tb»* Atlantic ro*tt. Alto, it wa* affirmed that Tcxaa ha. ilwSd* ri- cclvnl mneb liamnge tnm ruat. aheddlwt and the attontlona of boll wccrll to the Pi*®*/ D tacma, too, according to many of the dlsnatcben, which If not necom- K B, » I JT.Buying orders, nererthelesa bad an effect that the plant I. rank lu all the Atlantic states, and just tn the right state for .oniethlnff nr other unfavorable to hap r,l cl.v partly from n desire to clear tile deck* before theditibllcatlnn of the govern ment reports which will appear ou Mon- day. Pew rare to haunt an opinion at to wkntthcic will ,rate, though aome ex- Preaa the belief that the condition will put It In the nelghtmrhood of 78 per cent. The Llrerpool market .tronger than had lieeti expected, either of It* own volition or liy reason of mnulpnla- tlon from thta aide, and this fact waa uot without Its Influences here. Large spot In terests were linylng. The .pot markets hold up very well, and the dry goods trad* report* are In tho main cheerful and cn- mw'i (llbert ft Clay. •w turn, ucurn me roimn niaracr, wirnm limited ■rona. haa dcrclopcd Into a very uncertain affair. For the Immediate fufuYe, built are depending upon a prop which may or may not prove tniitworthy. the other hand, many a bear btt to waver in the blind faith be hat here tofore thown In the I>enr1ili canto. In the attitude of the average doth merchant, there la uothlng approaching the tuarkei! enthutlatm that might, with logic, t>e look ed for wer« nil. the atorie* of overpro duction of inanefactured gcHMla true, lu the attitude of the farmer, there In noth ing to Jnttlfy the hope that quantItlet of raw cotton are to be dumped on a de dining market. Crop report* do not war rant the conviction that the yield will exceed another year'* eonaumptlon. The food •upn large, and the general .jply demand for labor, at leaat. In America, evl ilences no Indication of early diminution. Weighing theae facta ngalnat the peaalmlN- tlc dogma that the pendulum baring swung high, must awing low again, rulaea the now [paramount duration: Una or h/i* not the tongue of the pendulum beeu shortened through the contraction of spec ulative power? Time can nlope bring the answer. Meanwhile, extreme caution In both camp* check, advances and declines alike, for neither faction believes with Fort la that the quality of mercy Is not •trained/’—Ware k Lelaud. THE COTTON 8EED OIL MARKET. New York, Sept. 7.—The market for cot- >n seed oil wns agsln active nnd .strong, -Alllug up to tbe highest prices seen for several weeks. There waa active bidding for cash and 8eptcml»er, fteptemtwr show ing an advance of 5c from the low point of August. October waa In active demand, all offerings were readily taken. The lm- •roved situation continues. Influenced very irgely by the active demand for export, .jartlcularly for October ulilpment and a fair lniulry for 8*pteml>er, wDh the siunll stocks. The demand has only been antis- fled by advancing the market, and while there. Is some Increase In offerings of ne* I? has not been sufficient to check Advance. The market at the close wnsl!firm on! generally %<?lc hlgher.- Wsre k Leland. September October. ..***• November. . . • * . December. ..... January March. dosed quiet. TIPS FLASHED From Wall Street Private Wire to Ware & Leland. New York, Sept. 7.—London mixed, Canadian Pacific and St. Paul up point early. Further gold imports likely, and be lieve total engagements will exceed 620,000.000. There is very bulllah talk on Union Pacific, Atchison, Baltimore and Ohio and Norfolk, and look for atiff advance in Copper and Anaconda, and a good* alzed buying movement la likely to take place in Steels. Time money still commands stiff rate#, but doubt if there la any further stringency In call loan#. Would favor taking on the good atocka whenever add. Stocka opened somewhat Irregular, but dlapoaed to show a strong front. We have It from a very good aource that Colorado Fuel la In for a big rite as soon as the ore deal la announced. Steel, common, la ex-dlvldend 1 per cent, and on Ita next rise think will cross 50. Decision In the ore case la favorable to the Great Northern road. They are talking 115 for Copper to day. Would buy Steel common and also the preferred. Dow-Jones' summary: American stocks In London steady at about parity. Humors of £500,000 gold euguged In Lon don today. clod Importation of gold will be as large as the gold movement this it aa inrg< lu April. generally better outlook on International affairs. More demand for stocka In loan crowd. Norfolk and Western report shows sur plus after charges equal to 9.59 per cent on common stock. Money In London continue* ea»y In aplte of American demand for gold. stiff money rates expected to continue, but actual stringency is considered over. Iowa grnln dealers’ association estimates state corn crop at more than 400.000,000 bushels, 36.000,000 tnore than last year. Further disclosures of fraud In connection with real estate company, but receiver ex- ported to reopen for business shortly. Twelve Industrials sdvsnced .80 per cent. Twenty active roads advanced JO per cent. Private Wire to Glbert & Clay. New York, Sept. 7.—Marshall, Spader & Co.: "We look to tee a satisfactory market today, perhaps without a wide price movement, except in specialties." Expect further recovery this morn ing. Would take profits and await some reaction before making new com mitments. The New York Financial Ilureau says: Bpeclnlty Improvement seems to be the or der of the day. Wo are glad the manipula tive contingent will not permit the market In general to run away. The public has been buying again, selecting the stocks In dependently mored and strongly tipped. Ho long as an unconservattve plunging and broadening can be avoided the list should hold well with but reasonable reactions. This |N>llcy Is to lie Commended. There is generally a lietter fooling, and much of the opposition to Improvement has been dissl- paled by the money relief, which. If ample, will remove the only obstacle to better ment In the security list. I'ntlcnce will !«> arket for a time. Develop- . Jog do not change the sit uation materially, but they show that the Interest of the public Is sustained, which la a strong point. The nubile will not buy «nd pay 20 per cent for carrying stocks; neither will brokers do the same, nnd wo anticipate that rate* will he much easier next week. We would be conservative, recommending that the general list l»e taught on recessions, nnd specialties when they are aggressively handled, but only for turns for the present. LIVE 8TOCK MARKET. By Frlvate Leased Wire. Chicago. Kept. 7.—If a Market 10c higher: qua ...... „ 5,189; bulk 85.35{f6.36; estimated for tomor &***» S: ‘° ud Cattle— Rfttlmstml receipts 1,006. Market . —— - f A | r; |m*vc* 83.7566.90: cows ”30; calves 85.5008; I F Tone of the Stock Market at the Opening Was Stcadv. LONDON WAS A BUYER Street and Room Full of Bull Points on Hill Stocks Early. MONEY ON CALL. Monty on call, open 12 per cent; high 17 per cent; low 8 per cent; close 4 per cent. By Private Leased Wire. New York, Sept. 7.—The atocl/ mar ket today opened at about the same range of prices os last night's. If ex pectations were entertained that the bull leaders had In mind a wild mar ket, they were disappointed. Cliques here and there pushed up prices some what, but In defense of their modera tion from the bull point "f view they called It a safe and sane market. The fluctuations In tho money market yes terday Indicated not so much approach ing ease aa a situation fairly well un der the control of the leaders. Because call money on the stock exchange went to 6 per cent and after business hours a quotation of 2 per cent was made nnd widely heralded did not mean sim ilarly good fortune for today's borrow er#. The first call loan was made at 12 per cent, and then ran up to 17 per. cent, fluctuating between these fig ures during tho forenoon, if was in dicative of the growing confidence that the majority of borrowers took chances of getting a lower rate. Stocks during the first hour showed no aggre.^ive upward tendency, but wiien price.s b*»- gan to recede fractionally the market. In the language of the bulls, became significantly dull. There were several "strong spots," and on the whole the market held well. The tone of the stock market at tho jwnlng was steady, and with tho few exceptions, price movements showed n u average change of not more than per cent. Brooklyn Rapid Transit urn the. most active features, and on bear] It Ini dealings opened close and gained a In stead/; quality i 11.2604.20; heifei tor, din 674-26- Hheop—Estimated receipts 7.000i .Market steady; quality fair: native $3.2606.01); west ern 83.2505.60; yearlings 86.6006.26; Iambs 64.5008; western 84.6O0t.8O. ,.c above yesterday'^ another %c. United States common was also heavily bought. It opened at 47, reaching a gain of V-. Cnnndlnn Pacific rose 19>c and Baltimore and Ohio was up 64c. Gains of He were recorded In 8t. Paul. Louisville and Nashville, Chesapeake nnd Ohio and Chicago and Northwestern. Aqml- minted Copper was unchanged. The street and room were full of \ II points tafore the opening on th** lull stocks. Rending nnd Union Pacific, mid In the early trading those stocks made sharp advances. The supply Increased, however, as higher price levels woro reach ed. and the demand became less urgent during 4he first hour. The most signifi cant buying wss In Northwest. London bought 56,000 shares. Government bond* unchanged. Other bonds lower. LONDON 6T0CK MARKET. 12 pmlciosjcfo Canadian Pacific . Chic., Mil. and Bt. Paul.... Krle .. Illinois Central.. .. Louisville aud Nashvlllo. Reading. .. Pennsylvania Southern Pacific. . • » • . Union I’aclflc * • . United States Hteei do. preferred 1*1*4 181HI181 I 47H 174 :i74 149*i 149*4 114'* 141*4 IIS's 143*4 143Vi 92M 92V 91% 194% 193% 193% 08 * ins’1107% LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. SOUTHERN EXCHANGE Oldest E*tabll*h*d Office South. conoi—STOCK—BOIOS—6R1II Ground Floor Gould Building. Dully market letter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN Correspondent's Capital $250,000 RireacNce, the ncal bank PHONE MIT. PRUDENTIAL BLOC w TsL Mtw Odnat. COTTOIVGitAI$, MhUM&Aom* at. J Wall St. fitteii limit,. Allwri. Co. UtUBtltS: Tsfk Caffes fidiifr. ChUaga Bond of Trade. Mtw Grltaat Caffes tubing*. lir*. iiMfierf r*Hn iitirffffffi No* red Coffee fidiaft. fIlf It Win11. *»« r.f*. In Orient. CUnn- *• c - COTMIAI. Itiijer. 1,11 fit... lit}. 5tn4.ro Mw Frank Hawklus, Prsildsnt. • _ H. M. Atklnioa. V. P. Ttioroa* C. Erwin. Ant. Cottier. Joi.ph A. McCord. CuiMer. B. \V. ftjrr*. Ant. Cutter. Third National Bank Capital Surplus Dr. A. W. Calhoun. Milton Dargno. John W. Grant. IJ. Y. McCcrd. . . . . $200,000.00. . . . . $300,000.00. OIRECTOR8I J. n. Nunnally. Frank Hawkins. J. Carroll Payoa. H. M. Atkinson. K. B. Rosser. Joseph A. McCord. Mat 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. (BiaSIBB5B8Bgi8lggB8i3S88gS8S8iSiB8BBBBBB88B88888li88i8iBB888B88BBB8BBfflflftBBBBBBra 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. IVe invite you to call and inspect them. . Title Guarantee and Trust Co.