Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY. SEPTEMBER 7. ISO*.
15
STEADY IN TONE
Due to <a Steady Set of Ca
blcs From the English
Market.
WEATHER FAVORABLE
Xbe Two Cotton Associa
tions of South Working
at Cross Purposes.
Bt private Lemcd Wire.
vew York, Sept. 8.—The cotton mar-
w e t was unsettled but X to 5 point*
hleher »n the steady Liverpool cables.
T he weather remained favorable In
the south, Inducing further bear pres
aure front that quarter.
There was nothing doing In the mar
ket for futures today, the trade gener-
i illy preferring to hold off . pending the
government report on Monday before
| making new commitments on either
f aide of the account.
' cron accounts have been of the most
favorable character up to a few days
naet, hence a bearish report Is ex
isted The condition report will prob-
Ki, show the crop In excellent ehape
Sp to and Including August 25th, but
nrcrile in position to know state posi
tively that there has been great de
terioration since that date.
Mr W. F. Bragglns, division freight
av'ent of the Texas Pacific lines, after
an extended trip through north Texas
and points around Dallas, says: "The
cotton crop In north Texas deteriorat
ed almost 25 per rent on account of
heavy and continuous rains. Farmers
are feeling blue, as they had been led
to expect an almost phenomenal out-
nut The boll weevil has started his
work In spots and Is playing havoc.
Rains hnve kept crop from being pick
ed snd much cotton badly damaged.”
The two cotton associations met dur
ing the week each agreeing on a mini
mum price at which the yield should
he marketed, the National Farmers'
Educational and Co-operative Union
Axing the price at lie. It did not es
timate the crop, but stated that the
deterioration In the crop warranted
that price.
The Southern Cotton Association
fixed the minimum price at 10c and
report has It that It unofficially esti
mated the crop at 12,760,000 bales.
The man that makes the cotton can
take his choice. It Is probable he can
tell at either price. If the Farmers'
Union will work In harmony and the
crop should fall short of the South
ern Cotton Association’s estimate It
will he an easy matter to get Ita mini
mum price. •• -
Estimated receipts Monday:
1908. 1906.
New Orleans.... 8,800 to 4.800 2,688
Galveston 8,000 to 10,000 9,824
Houston 10,600 to 11,600 18,671
NEWS AND GOSSIP
Of the Fleecy Staple.
' v, re to Ware & Inland.
New York. Went. 8.—Liverpool cotton fu-
tures opened quiet but sternly. 7 down on
near and 6 dowu on late. At 12:16 p. m.. 214
<J®wn and aulet. Spot sales i.000 bates, 3 up
at 6.43d. Futures were due to come 5 to 636
down.
Liverpool cable.: “The market feel* the
Influence of strength in new crop deliver-
lea nnd.South not offering at nil freely.”
The New York market opened qnlet nnd
about a a expected on Liverpool cables.
< ommlMlou houses Itought a little. Schlll
o l?ood buyer of December. January
nn »J I< 9 ok for quiet market today.
H. Wilson selling cotton nnd hammering
the market.
Schlll and Parrott checking decline.
1* !■ fe|N>rted here that the Southern
A**!*’ 1 * tJon Mtiniutes the crop nt
12.6S2.000 Union.
Following la the atattitlcnl poaltlon of
cotton on Fridny, August 31. aa mnde up
by the New York Financial Chronicle:
Thla La at Lnat
... Week. Year.
Visible supply.;...1,732.689 1,784.156 2.546,642
——* 896.156 1,676,642
245.863
115,782
74.604
193.879
67.7W
63.185
73,589
100.906
Port stocks..'.
Exports
Interior receipts... 73.712
Inf. shipments..... 69.277
Interior stocks 100,711
127.506
127.506
73.061
207.747
52,777
73,712
229.938
154.106
373.477
88.725
118,090
97,460
152,670
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
yeara' experience of ed
Itlng markets In Atlanta
nnd the South has made
him a recognised au
thorlty In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
At the clone futures wert l point
lower to 2 points higher.
•POT COTTON MARKET.
Liverpool, cotton, opot quiet, with .prices
tttftfjr; middling upland* 6.48d; aalca 6,-
Mft; American 3JW0; speculation and export
6)0: receipt* 5.000; American 4,600.
Atlanta, (inlet at 9c.
New York, quiet nt 9.80c.
8f. I/>ul*. atendy at 9ftc;
Augusts, quiet at 9%c.
ftavannan. atendy at 91-16c.
fkarintoo, nu‘ ‘
Memphis, «iul«
Charleston, quiet at 8%c.
Memphis, quiet St 9%e. ■
Houston, atendy nt 0ftc.
Beaton, quiet at 9.80e.
tinlrcstoti, quiet nt 9ftc.
Wilmington, nominal.
Norfolk, ateady at 9%c.
TODAY’5 PORT RECEIPTS.
The following table shows receipts at tha
E na today, compared with the same day
it jtar:
New Orleans
dalreatoa
Mobile f ,
tarnnnsh
Charleston
Wilmington
Norfolk
Bouton
Philadelphia
Port Townaend.. . .
Jarloiia
Brunswick
Total (Incomplete)..
12475
1688
1808
INTERIOR MOVEMENT.
JlMollowiag table shows receipts at the
22.1 t0< **7* compared with the
laat years
the COFFEE MARKET.
•mSSSIK'* the opening range and dose
■ York coffee market for to-
oty
{•Hilary..
••Nfwary..*’
Nlanh.. .
p':.r •■••••
June.. ’• ••
July....
JUfnwt. ' * * '
•“'temher ” '*
lh fea,h4» r . *
^l"*cd aten.lr!
59.900 (*.
. ..17S-4LM
. . .6.804.90
. .6.99
. . .6.95-7.93
. ..7.09
,...7.05 7.10
. ..7.10
. ..7.15-7.J0
.6.40
6.704.80
6.804.85
6.904.96
6.96-7.00
7.05- 7.10
7.05- 7.15
7.10-7.15
7.15-7.20
4404.45
::«KS UBS
...6.15 6.654.70
New Orleans. Sept. 8.—Cables are indlffer
nt. The week's sales of spots In Live
nmount to 88.000 Unles, ngnlnat 44,000
yenr nnd 46,000 In 1904.
The total stock Is 861.000 hales, against
K.0J0 last rear and 147,000 In 1904.
The visible la bullish. American decreaa
ed 86.000, other kinds decreased 106.000. To
tal decrease 64,000. Mill taklugs 168,000, In
cluding correction of 11,000 In Liverpool
stocks.
The market la easy under what looks like
unloading by longs. The market missea the
support It used to get from covering by
shorts.
A telegram from New York says the
tropical storm la now out at aen some dis
tance from the Cnrollnaa.
Thu weather map la favorable. Practi
cally no rain Is Indicated over the cottou
belt and temperatures are seasonable.
The net stock of cotton In New Orleans
s 13.88$ bales, against 40.972 at this time
nst year. The amount of cotton on ship
MMird la 8.175 lr'“ — —-
Total exports
this season nmount to 52.590 bnles, against
80,421 last seusou nnd 66,549 In 1904.
Private Wire to Glbcrt & Claj.
- New York. Sept. 8.—Liverpool closed _
down on winter and spring months. Was
-xpeeted 6 down.
Liverpool buying some cotton here.
The Journal of Commerce says: "Iluyt
hnve l»eeit duplicating many ordern glv
four or five weeks ago, nnd first hands
am! Johlters hnve no question of the healthy
volume of trade which Is going on In the
country, particularly In the West and the
South. The policy of hand-to-mouth pur
chasing prevails In nearly every line, and
while large operstorn remain out little dan
ger Is lurking for the small buyer. It Is
recognised, however, that prices might
down In a shade better than due. Was ex
pouted 5 points lower.
Our traveling representative wit.-
Tyler. Tex.: "Texarkana, Mount Pleasant
to Tyler, good average crop already made
boll weevil hat done great damage In Im
mediate vicinity of Tyler. Taking every
thing na It appears In east Texas, an far
na I have seen, ban good crop. Weevil la
worac In this Immediate section tbnu north
of here.”
Western forecast Indicates fair weather
tonight and Sunday for western Texas and
generally fair tonight for Loulslnnn with
K obnhle scattered showers Sunday. For
e balnnee partly cloudy weather tonight
tonight or Sunday for west Florida, Ala
bama and Mississippi. For the bnlnuce fair
weather tonight and tomorrow. 1
CROP MOVEMENT
FOR PAST WEEK
the movement of cotton, given the amount
brought Into sight during the pant week nt
120,799 bales, against 221,681 for the aeven
.’ore Inst and 29.615 name time In 19J3.
The movement since-September 1 shows
receipts at nil United Staten porta 72.746.
against 149.177 last year, 103,281 year before
last nnd 10,687 same time In 1908. Overland
neroaa the Mississippi. Ohio and Potomac
rlvera to Northern mills nnd Canada 4,696.
agalnat 4,284 last yenr, 6.254 year before
last and 169 same time In 1908; Interior
stocks In excess of thoao held at the close
of the commercial year 358, agalnat 25,285
17.745 year liefore last and 9.405
...... In 1903. Southern mills J*klngs
44.000. against 42.295 last yenr, 27.262 year
liefore laat and 9,404 name time In 1908.
Foreign exports for the seven day* have
lieen 62,590, against 80,421.
The total takings of American mills.
North. South nnd Canada, thus far for the
‘asou have l»een 67,918, ngnlnat 65.197 last
year. These Inrlmta 18,906 by Northern
spinners, against 22,902. . I a
Stocks nt the seaboard and the twenty-
nine leading Southern Interior centera have
Increased daring the week . 10,291 balea,
against an Increase ef 76,068 during the cor
responding period last season, and are now
212.563 more than at this date In 1908.
Including abwke left pver at porta and In
terior towns from the laat crop and the
numlier of bales brought Into sight thus
far from the new erojj. the supply to date
SUPERINTENDENT KINO’S
WEEKLY STATEMENT
Superintendent King of the New York
Cotton Exchange gives the movement as
follows: .
Weekly Movement.
Thla
Year.
Tort receipts W4BJ
Overland to mllla and Canada 4.L5J
•Southern mill takings 35.000
Gain In stock nt Interior towns 1,619
Brought Into sight for week.. 118.306
Total Crop Movomant.
Port receipts 72.667
Overland to mills and t annda 4,129
•Southern mill takings....... 85,000
Stock nt Interior town* In
excess of September 1 LS19
Brought Into sight thus far
Last
Year.
157.814
3.947
•MOO
17,911
209.602
174.882
3.947
81.000
NAME OF STOCK.
Amalgamated Cooper..
Atlantic Const Line. .. .
American tiugnr Itef. .
Anaconda
American Locomotive.. .
do, preferred. ....
Amer. Bmcltlng ltef. . •
. do, preferred
Atchison
. oo, preferred. ....
American Cotton Oil.. .
Amer. Car Foundry. .. •
Baltimore k Ohio,
Brooklyn Rapid Tran.. . •- . .
Canadian Parlfto .
Chic, k Northwestern..
Chesapeake k Ohio, . .
Colorado Fuel k Iron..
Central Leather. ....
„d°. preferred. . . .
Chjc. & Great West'n.
Ch e.. Mil. & Ht. P. . .
Delaware k Hudson. ..
Distiller's Securities...
d
Illinois Central'.'’*. „ . .
Amer. Ice Securities. ..
Louisville k Nashville..
Mexican Central
Missouri Pacific
NEW YORK.
lures hi New
fork
today:
NAME OF STOCK.
N 1 . V.. Ont. k Western.
National Lead
Northern Pacific. . . .
New York Central. . .
Norfolk k Western. ..
Pennsylvania. . . , . .
People's Gas
Pressed Steel Car. . .
do. preferred. . • .
Pacific Mall
Reading . . .
Republic Steel
Rock Island
do. preferred. . . . ,
United States Rubber. ,
do. preferred. ...
Southern Pacific. . • . ,
Southern Hallway. . .
do. prefer red
Rio**-Sheffield. ...
Tenn. Coal k iron. . . ,
Texas & Pacific
Union Pacific
United States Steel. . ,
do. preferred
Va.-Car. Chemical. . . ,
do. preferred. . . . .
Western Union
Wabash
do. preferred
Wisconsin Central. . . .
do. preferred
otal stock sales today 483,100 shares.
LIVERPOOL.
Following table gives opening
. ,p tli yei | en | aj p a ciogjng.
Prevlona
Close. Close.
>5.ft8ft 5.10 . 6.10 '
dose, compared wl
• uturea opened enay.
Opening
Htfnge.
September.. ..
Sept.-Oct. . .
Oct.-Nov. . .
Nov.-Dec. . •
Dec.-Jan..' .
Jan.-Feb. . .
Feb.-March.. ..
March-April.. .
Anrll-May. . .
Mny-Jnne. . .
Closed quiet.
5.18
5.01
Ol 4M- IS* L
.4.94 -4.954 4.964 4.99ft
...4.96 -4.97
..,.4.96 -1.99
. .4.98 -5.01
. .5.02ft
. .5.03 -5.04ft
4.97
1.99
5.01
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware k Leland.
Chicago, Sept. 8.—Wheat la getting low
enough to warrant a moderate purchase.
No special bullish features In sight at the
moment, but there never la wheu prices
are lowest.
Don't lie afraid to buy corn, even If
bears keep It down. They will have to
provide for their contracts some day.
No Incentive to buy wheat, and this crowd
la running away from It.
Oata opened steady with Pringle a fair
teller of December and May. Bartlett-Frn-
sler and C’nrrlnffton buying a few. Local
crowd selling. Buying scattered.
Inter-Ocean aays: "Cash business —
wheat in Chlcngo Friday was 70,000 bushols,
1 urlmllng 46,000 of No. 2 hard.
Sales of corn were 300,000, Including 50.000
i»w No. 2 yellow, first half of Decemtier
shipment to Baltimore, aald to be at 89ft
' o. b. Chicago.
Sales of oats were 160,000 bushels. At the
seaboard exporters sold 100,000 wheat, 64,000
corn and 150,000 oats.
Predictions are that the northwestern
heat movement will run very heavy next
week. The heavy movement laat year be.
gan about 8epteml»er 12, and It waa prnc<
tlcnlly at high marie a week later. Duluth
and Minneapolis received an average of
about 446 care daily for the first half of
September. 1906, and of about 944 cart dally
for the laat half.
Private Wire to Glbert k Clay.
Chicago, Sept. 8.—The spring wheat at
the moment Is not going to be ns heavy nt
theat prices aa It would be If I to 10c
higher. The weaker longs are out of the
tlon to let go. \V> tun? hare tome further
aloitr, draffing decline, hut liellere It la
much safer to buy wheat than sell at tboaa
price*.
Corn speculation very Debt and not much
prospect of -ncllvlty until aborts try to
corer.
WORLD’S VISIBLE
SUPPLY OF COTTON
Secretary Hester, of the New Orleans
ttton txehance. In hla statement of the
world's visible supply of cotton, show* a
decrease for the week Juat rioted of 54,-
011. against an Increase nf 1,03* laat yaar
anti an Increaao of 10,000 year before
700.0
last
Tilth!* Is 1,700.111. against t-
■ M,,,, week, 3,501,370 laat year and
1.100,310 yenr before laat. or this, the to
tal of American cotton la 007,010, agalnat
000.037 last week. 1.M3J7I laat year anil
643,340 yaar liefore last, and of all other
kinds, fnrludlng Kgypt, Braall, India, etc-.
100,000, against M7,w0 laat week, 071.000
laat year nnd 013,000 vonr liefore laat.
The total world's visible supply of rot-
ton aa above shows a decrease, compared
with laat week of 64.011, a deereaae com-
imred with laat year of 037,403, and an
ucrease compared with year liefore hut
of 531.(70.
year before laat; —
43,000 last year and 1 40.0W yearl"
In India Mi.000, agalnat 373,000
and 315,000 year Iwfore laat; and
WHEAT ill CLOSE
NEARJJDW POINT
Trade Again Small with
Cash Houses the Pm
cipal Sellers.
By Private Leased Wire.
Chicago, Sopt. 8.—Wataon, the big
bear and ehort of Minneapolis, waa a
buyer here, and he experienced
trouble In eecurlng aa much wheat aa
he cared to take care of. It came out
on the hard aa well ae the aoft spot*
of the day. It failed to rally even In
the face of the Increased demand.
The close- showed wheat l-8S5-8c
lower. Corn waa dull and I-803-4C
lower. Oata were 1-lc up to l-l@l-4c
off. Provisions G@10c lower.
Primary receipts for the week 3,525,
000 bushele wheat and 1,508,000 bushels
corn, compared with 5,610,000 and 6,-
102,000 bushels, respectively, a year
ago; ihtpment* 1,035,000 buahela wheat
and 2,776,000 bushels corn. A year ago
they were 2,615,000 and 2,302,000 bush
els, respectively.
Minneapolis estimates receipts there
for Monday at 600 cars. Stmt No. 1
Northern sold 2 l-2c over the Septem
ber prices, showing a losa of lc of Its
premium for the week.
Cash sales here were 15,000 bushels
wheat, 200,000 bushels corn and 100,-
ooo bushels oats.
The seaboard, reported 16 boat loads
wheat, one load corn and 20,000 buahels
oats for export.
CHICAGO GRAIN MARKET.
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
Produce Exchange.
Lemons, 37.750 8.00.
Llmei, 60075c.
Pineapples, 61.6O02W.
Bananas, straights, per bunch, SI.5001.75.
fulls, per bunch, 11.0001.25.
POULTRY AND COUNTRY PRODUCE-
Idre hen. X0t7Hc; frlex, 22VHJ2SC; broil-
era. 15<f22 lie.
Lira docks, Pekin, 3So; puddle, 35®
Dressed hena, per pound, 12Q13c.
Essi. per doien, 2Sr.
Butter, table, per pound, 20®22He; cook
ing, per pound, 1314®Uc.
Honey, now, 8® 10c pound; In one-pound
racks. lOAUc.
VEGETABLE!!—Irish potatoes. .
stock, 63.5316 barrel; per bushel, 31.00.
Onions, lc per pound: eat —
New ewcet potatoes, 60c
. pen .
Mountain Bartlett pimnb^per box, 31.25.
Unitfd _ ’8tater'3U,OUO, «enlnat 643,000 laet
year and 134,000 year before laat.
for today follow:
Open.
WHEAT-
ffc
Mar 7(
CORN-
Hept 47
!h*c 42
Mnr.... 42%
OAT8—>
Hept 86
Deo...» 8OH
Ms/ 83%
FORK-
Hept
Jail... 11.25
LARD—
AU doftk dor tes\*j
s2 8 1 i 5
III
•ftft SO soft
a % SA
766,
gg
M
81
Jan.... 7.90
7.80
WEEKLY CHRONICLE’S
REPORT ON WEATHER
New York, Hept. 6,-Our advice* fmm
the Month this evening denote that rain baa
been general during the week, esrept In
Texas and a few points along the gulf.
The precipitation ha* lieen light or moder
ate as a rule. Texaa advices deuote that
damage to open cotton ha* reanlled from
the rein, and .that.picking taaa.'
larcd snil dcarriorstlon I* .jmipl*lne"l of la
SSS Other locslltles. rtekins^ except
where loternipteil
the crop
_ lint the movement of
less free than a year ago.
GIBERT & CLAY
STOCKS. BONOS,
r. COTTON. ON* IN.
corrcc. provisions
MEM6IS6I
ATLANTA, OA
'**• ALABAMA ST.
end Lana DMvJW&EZ&S R. FAGAN. Mans B .r.
|| | II I II
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
NEW YORK BANK STATEMENT.
The weekly ataiemeot of tko .New York
Bank Association shows the following
changes. Increase. Decrease.
Reserves *»•{«.»
^SJ'San
I.c*al«.
De| melt*. F"'* 1
CtrrulatloD
Much more tkao expecte<l.
let,... 6.40 6.43H
aa.... 7.15 7.15
CABII WHEAT—
7.77K
HIT
w*
7.77H
8.55
8.85
7.06
1.60
8.65
7.82ft
8.66
m
No. 3 red 71«71«6: Na I do 7#64«7IJ4:
No. - bard wlater *H4®70M; No. 3 do silk
0601k.
NEW ORLEANS.
tares la New
o$?F77
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March. .
Mar- -
Closed
ateady.
3
Mirer
a
9l29
9.08-04
9.05-07
9.07-08
9.15
9.21-22
9.88-29
9.43-14
B
Blue
FLOUR, GRAIN, PROVI8ION8.
FMUR—Poatel a pataat, 61.76; Diamond
patent, 35.10; Maacnutah Star, 64.60: fancy
■latent, 64.60; Red Eagle. 61.15; Blue itlblKin.
MOO: fancy, 13.00; spring wbsat patent, M.Ot
_lioitN—Choice red cob, 76c; Na 1 white,
75c; No. 2yellow. 74c; mixed, 73c.
OATS—Choice white dipped, 63c; ■
white, 50c; choice mixed, 45c; Texts
proof, 60c.
MEAI^-I'laln water-ground, per bushel,
3ci bolted, 140-omuon .urea, par bushel, 65c;
aborts, white, 6L60; medium. 31.40; brown,
II.K: pure bran, |L10; mixed bran, 31.06.
HAY—Timothy, choice large ImIi-s, 31.10
a,, choice smalt bsiea. 71.06: do., No.
timothy bales. 61.00; lvo. A 61.00; do., No.
rlnevr mixed. 61.00; do., No. 3 mover mlxr
“lc.
C7.GVEH—Choice 00c.
Thn above prices are f. o. b. Atlanta, and
lbject to Immediate acceptance. .
GROCERIES.
SUGAR—Mtandard granulated, 65.30. New
York refined, 414c; plantation*, lc. 51 “—
T, CI3KFEE-noo*t*d Arbnckla'a 615.60,
alk. In baga ox barrel*, He; green, 10®
(•
RICE-rarolInn 4ft07fte, according
grade. Market vary atrong.
UIIEKHB—Fancy full cream dairy, 14ftc;
twins 14r: brick 14c. Market ntron*.
PROVIHIONH—Rtinrama hatna, lie. Dora
JH Bopn ,
hams. 15ftc. Callrnrnla hams, 99.50:
(.'roaa hams. 15c. Dry aaU extra rir
balllaa, 20-5 lbs., $10.5ft; fat backs, I
Drift compound, ?%c; Red Cross, 7%c,
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOI STOWS BONDS GRAIN
Oround Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
NORTHWEST CAR* _ .
The followinn figure* give th* northweat
nr* today, last week and last, year
:Y T
PRIMARY MOVEMENT.
Tha following figuraa give tha primary
maraniant of wheat and corn today:
Wheat—Receipts 718,009 bnahcla, agalnat
918.000 bushel* lust yenr; ahlpmenta 407.000
buahela, ngalnst 488.000 bushels last year.
Corn—Receipts 548,000 bushels, agalnat
697.000 biialieia laat year: ahlpmenta 702,-
000 buahels, agalnat 983,000 bushels laat
year.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent's Capital $250,000
RCFCRENCE. THE NEAL. BANK
PHONE I4IT. PRUDENTIAL BLDG
CHICAGO CAR LOTS.
RST*- & *
!,2»S;.......... i *
THE DRY GOODS MARKET.
New York, Sept. g.-Bnsln#*# In tbe dry
goods district for the week haalieen folly
Sp to expectation*. Buyers Olid It no.es-
aary to vlrit tha primary markets "Hciicr
In order to keep ravere.1 on the nnmeroo*
advances which are occurring lulhe Price*
of the staple line*. The Inipoaalblllty of
getting nnj large qnantlty of goods for
Immediate ’ delivery keel* them buying
small quantities frequently.
THE COTTON SEED OIL MARKET.
New York. Kept. 5.—The market for cot-
ton setel nil wa» lew active yesterday hut
very atsaily. The recent liberal export
husfneas. climated at 20.000 to 3®.0(W bar-
■via, with a contlnned good Inquiry, was
the principal Influence In the Armneas. Ail-
vices front the Mouth abowed no nrc.ure
of new oil. Not much I* expected In the
wiutheaat until well In October, awl offer-1
Inga In Tex** for Heplemher are reported
light. The fact that the crop I* tele and j
that Ntocka nf nhl oil are sninll are bulb
Important Influence*. The niarket was enay
at the close, with price* ft to «c Iwer.- I
Ware * Itei.1L ^ rjomn,
Beptemlier *1
*1
November
HUBBARD BROS & CO., Eiis,™
Atlanta Offices, 219-221 Century Building. A
Members New York Cotton Exchange, New Or-1 2;
leans Cotton Exchange, Liverpool Cotton Asao-1 L
elation, Chicago Board of Trade, New York Cof- i fc
fec Exchange, New York Produce Exchange.
_ nIM Business solicited for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Distance .19. A.S. Hnslace. Mgr.
TIPS FLASHED
From Wall StrcsL
Private Wire to Ware k la-land.
S* w Rep*. ».—laindon IrreRular.
Two million lire hundred thousand dollara
gold reported empixed al.ruad today.
A bail bank statement expected, with re-
Kr.'s* * deficit, nnd while many
think that It has been dlwnunted In view
of largo gold engagements to be announced
Monday, a fererlah market can lie expeele<l.
Bsariah pnifeaslonala are on the alert, and
watching for opening* to aell on. and It
Im |)OM*ihl<» that attacks on I'eiiuuylraula
*»o wltnoaaad.
Mould favor the acccptuuco of proflti on
•harp advance* nhould Ihcy take place.
1 .jo 1«nk« have lost over $10,006,000 thla
week, nnd the bank Mtuteiuent l« expeete<l
to Ih* very had. The Intent order from
2riHn|r* r,r Sh,lw haa caused conalderabla
There waa aonie nelllng through the mar
JfA "H ^ ar » of n bad bnuk atatemeut,
although * considerable reduction In 1oaua
Im expected.
J 1 ..*, fiP * n circulation to tht
feet that United Btate* Reduction nnd »*«•
filling will Im* put al>ove 40 In a very short
rime. The buying of the stock yeate *
was raid to be goml. We auggeat tin
!•* JTfttehed* aa there I* n tendency'to
handle lovr-price«t ntocka becauae they are
cheaper to manipulate uudqf exiting cir-
Frivate Wire to Glbert & Olay.
'Sept. 8.—Maralmll. Spader,
wn 1'n'sA^i At **»• dote of the market,
waa noted that the recovery had Immmi lib
eral throughout the lint, and In the absence
- 5!!!f? ui ’ ert,u ? ^ls morn-
•J* * w i * I 001 * *«*»« and support to
RJIL/Wg 1, Copper; Reading, New York
afflS 'aff' * au * na( 1 other leading ahnre*
rl nU L?5°s W ,h * effect of the bet?er fi*el-
L n * prevail. At thla writing, the
I °f «°. w approximate
.•- 8 f) 0 ' 000 having been announced
tula morning.
. “7i ; "There was
r J rnm Bank nf
New^YOrl?^' 500,000 ®° d for B hlpment to
. —. nerhapa. 110.000,000 cold'baa
been engaged for Import offsets this. Wl
would maintain n caution* poaltlon, hut
on drop* are inclined to think that pur-
ehaoea for turns will prove profitable as
the large Interests, while they bate die-
trtbnted aonie atocka. me«t support, and
Indication* point to a belief on the part
of the powers that a hlglrir distributive
level can be mail, a surer** Inter with In
terest In speculation nmuNeft, aa It la now,
provided It la not nllowe«i to gat oway en
tirely. We do not find that milch stock
came ont on tho decline yesterday, and It
Is possible that a big transfer of loans has
occurred In aneh a way that the liauks will
make a showing lietter thun generally an.
Urinated. The monetary situation la crltl-
cal beyond a doubt, hut It la not extremely
dangerous If atoek speculation la kept with
in hounds and the mere maintenance nf
values by those who have comparatively
cheap funds to carry acenritlcs will not
a tncnace. . The fundamental* are
Jiiilllsli. and by patiently and mnservntlrelv
passing over the money slrknesa, we think
the market will Im- In a healthy condition.
Hl-eclalt.r Improvement, an frequently stat-
LONDON STOCK MARKET.
Anaconda
Atchison
do, preferred..
Knf.... .. .. .. .. ee **•*
Illlnol* Central
Lniiluvllln and Naahrllle.. ..
"looourl. Kitnon* and Texaa.
do, preferred
Ni*w York Central. .
Northern Paelflc. . .
Rock Island
Houthern Pacific. , ,
Koutbern Railway.
Tnton Pacific
United Htatea Kteel.
do, preferred.. ..
STOCKS STARTED
MOSTLY LOWER
Volume of Business Was
Only Moderate the
First Hour.
TONE WAS STEADY
Bank Statement Was Much
Worse Than Expected,
But Relief Expected.
By Private Leased Wire.
New York, Sept. I.—The stock mar
ket today opened dull and without defi
nite tendency. Shortly afterward It
hardened somewhat when stocks like
Brooklyn Rapid Transit. Erlo and some
of the Steel group developed strength.
The active trading was confined to
these few issue* during tho great part
of the seesslon. In view of the money
market conditions, the bank statement,
waa awaited with more than the us
ual Interest, and the trading (luring the
flrnt half hour reflected It. For all the
expectations were of a poor showing
the professional element made much
of the fact that large gold engage
ments wlil be announced on next Mon
day, and the bull cliques can bp trust
ed to make proper market use of that
‘stimulating Influence."
The bank figures were a* unfavor
able as expected. The reserve de
creased 69.447,600, wiping out the sur
plus, leaving Instead a deficit of 66,677,-
926. Notwithstanding the contraction
In the loan Item of 612,000,000 and a
decrease In deposits of very nearly
628,000,000, the loss In cash wan 616,-
408,100. This Is more than bank ac
tually lost tbla week, but It accounts
for the loss of last week, which did
not appear In the previous statement.
The stock market took the unfavor
able showing well. Prices shaded off
slightly at flrat, but soon rallied and
the close waa the beat figures of tha
day. . W
The stock market opened Irregular.
St. Paul. Pennsylvania, the Steel st.-eks
and Southern Paelflc were unchanged.
Reading declined 1-8, Canadian Paci
fic 1-2, Smelting 3-8, Great Northern
preferred 5-8 and St. Paul 3-8.. After
rallying Union Pacific declined 5-8,
Northern Pacific gained 1 1-8, Brook
lyn Rapid Tranalt 1-2; Krle 1-4 and
Amalgamated 1-8. After tho opening
trading further fractional recessions
occurred In some stocks while others
rallied.
Although the volume of business was
only moderate the tone was decidedly
strong, and It was a matter of com
ment that the flood of stocks sold yes
terday by Western houses had been
•vb'-ll- absorb,'ll and that buying "fl-
ers this morning could only be execut
ed at advancing prices. The only
large crowds were In Brooklyn Rapid
Transit, Erie nnd Reading.
London bought a small amount <
Erie and sold some Steel common, ht
arbitrage brokers stated that It waT
hard to trade with London today be
cause of the Interest shown In the boat
race.
Government bonds unchanged. Oth
er bonds firm.
3J % Compound Interest
Is the rate your money will draw if deposited In th* SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and impact our quarters and investigate
our facilities to serve you. A hearty welcome awaits you at thla
bank.
A8A G. CANDLER, President.
W. H. PATTERSON, Vlce-Prei. A. P. COLE8, Caahler.
JOHN S. OWENS, Vlce-Prei. WM. D. OWENS, Asst. Caehler.
ATLANTA NATIONAL BANK
ATLANTA. OA.
C. e. CURRIER, President. A. E. THORNTON, VIce-PreildenL
H. T. INMAN, Vlce-Prealdent. GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Ant Caahler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
WM. Ia. niL PreeMent.
ROBERT F. MADDOX, Vice President
JAMES G. LESTER. Assistant Cashier,
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
March ^
M ct#vd *t«dy.'ltelvi, I«l3
corroN^ciuim, Provision's,*stocksPbonds,
At. 2 Will 51., Ftlm B*Hdiag. Athol*. Ca.
‘ MEMBiiS:
Chicago Beard at Tradt.
Cklcaf* Sloth Eithanqt.
_ New York Celt to iaehaago.
"ASate'ihie*b'lw Y«L lie Mm, Clliege ACCOruM, Ki.ic-t.
t,n thmt 1X2.SHMi.r, bin336,
Safe Deposit Boxes
For rent in our vaults in ibe 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.