Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY, AFPTKMRKR 7, 1908.
15
COTTON OPENED .
STEADYJN TO
Due to a Steady Set of Ca
bles From the English
Market.
WEATHER FAVORABLE
The Two Cotton Associa
tions of South Working
at Cross Purposes.
•, rrivste Leased Wire.
xew York, Sept. 8.—The cotton mar
ket was unsettled but 1 to 5 points
Wklier on the steady Liverpool cables.
T he weather remained favorable In
the South, Inducing further bear pree-
mre from that quarter.
There was nothing doing In the mar
ket for futures today, the trade gener
,11V preferring to hold off pending the
fovrrnment report on Monday before
making new commitments on cither
llde of the account.
cron accounts have been of the most
favorable character up to a few days
Sat hence a bearish report Is ex-
kw-teil The condition report will prob
ity ,how the crop In excellent shape
Jp to and Including August 25th, but
oeonle In position to know stats posi
tively that there has been great de
terioration since that date. ....
Mr \v. E. Braggins. division freight
acent 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 Slmoat 25 per cent on account-of
heavy and continuous rains. Farmers
are feeling blue, as they had been led
to expect an almost phenomenal out
put The boll weevil has started his
work in spots and Is playing havoc.
Rains have kept crop from being pick
ed and 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
fixing the price at 11c. It did not es
timate the crop, but stated that, the
deterioration In the crop warranted
!t The "^Southern Cotton Association
fixed the minimum price at 10c and
report has It that It unofficially esti
mated the crop at 12,750,000 hates.
The mnn that makes the cotton con
lake his choice. It Is probable he can
sell at either price. If the Farmers’
I’nlon will work In harmony and the
crop should fall short of the South-
NEWS AND GOSSIP
Of the Fleecy Staple.
PtlTIte Leased Wire to War* & Lelnnd.
Jsi'w lorlt, h<*pt. 8.—-Liverpool cotton fu
ture* opened quiet but ateadr, 7 down on
near nnd 6 down on late. At 12:15 p. m., 2%
2eT^^ nd ^ a i et 8 * >ot “ ,e « Imlew. 3 up
downed* ™ ureB were due *° come i to i%
Liverpool cable*: "The market feeln the
Influence of atrencth In new crop deliver
,e 5s^ n( l. 8out Jl? n . ot at all freely."
The New \ork market opened quiet and
•• expected on Liverpool cablet.
CommlMlon house* imught a little. HchlU
wna a Rood buyer of December, January
ftn *r VJM!” 1, * or market today.
.He Wilson aelllng cotton nnd hammering
the market.
HchlU and Parrott checking decline.
It Is reported here that the Southern
otlmates the crop at
12.552.000 bn lea.
Following la the atatlatlcal poattton of
cotton on trlday, August 31. an made up
by the New York Financial Chronicle:
Thta Laat Last
Vlalhle supply IRM lSlM ujtAIW
SS3.SS0 898,158 1,876,842
127.506 : 245,883
For week 127.606
Port receipt* 73,061
Port atocka 6 207.747
Exporta. V...; 52.777
Interior recelpta... 73.712
Interior recelpta...
Int. shipments
Interior atocka 100,
60.277
100,711
115,782
74.604
103.679
67,799
63.185
73,539
100,906
373,477
86.725
118,060
97.460
152,670
New Orlenna, Sept. 8.—Cables are Indlffer
eut. The week's an lea of apota In Liverpool
amount to 161000 bales, against 44,000 last
year nnd 46,000 In 1904.
The total stock la 361.000 hales, ngnlnit
6.000 last year and 147,000 in 1904.
The risible la bullish. American deci
ed 36,00% other klnda decreased 106.000. _
tal decrease 54,000. Mill takings 168.000, In
eluding correction of 11,000 In Liverpool
atocka,
tropical storm Is now out at sea some dls
tnnee from the Carolina*.
The weather map la favorable. Practl-
la 13.8x8 bales, against 40.872 at
last year. The amount of cotton on ship
board la 3.176 Imlea. against 3,662 last year.
Total exports of American cotton thus far/
this season amount to 52.590 bales, agninst
80,421 Inst season nnd 66,540 In 1904.
Private Wire to Gll»ert & Clay.
New York, Sept. 8.—Liverpool closed _
down on winter and spring months. Wns
expected 5 down.
t some cotton here.
- Commerce says: "Buy<
have been duplicating many orders gh „
four or five weeks ago, and flrat bands
nnd Jobbers have
volume of trade
trn Cotton Association** estimate it
will be nn easy matter to get it* mini
mum price.
Estimated receipt* Monday:
1906. 1905
New Orleans.... 3,800 to 4,800 2,686
Galveston 8,000 to 10,000 9,834
Houston 10,600 t5 11,600 13,671
At the close future* were 1 point
lower to 2 points higher.
SPOT COTTON MARKET.
Liverpool, cotton, apot quiet, with price*
•tesdr; middling upland* 6.48d; tale* 6,-
fflO; American 37*00; speculation and export
100; receipts 6,000; American 4,600.
Atlanta, quiet at 9c.
Houston, stendy at lie.
Boston, quiet at 9.80c.
qslreston, quiet at 9%c.
Wilmington, nominal.
Norfolk, steady at 9%c.
TODAY’S PORT RECEIPTS.
The following table show* receipt* at tha
New Orleans,
fialrestnn. . .
Mobile
Karannah. . .
•'hnrleston. . .
Wilmington. .
Norfolk. . . .
Boston
I'bllailHphiii
Townsend.. ’. [
Total iliiconqdete)..
1906
2198
10312
179
6103
704
"‘iie ’
’if
12475
1688
1303
1226
interior movement.
lellawlag table shows receipt* at tha
52J°I l0 . w,, « today, compared with tha
day Uit year;
Houston.
A'lgHstn. . ,
M-mphl*. . ,
£(• Louis. .
Cincinnati.
Total. .
the coffee market.
,,‘friv?* 11 Jhs opening rang* nml clog,
"the W York coffee market for to-
Janiuiry.
M.ruarv..
Marrh.,
ipl-
■ • ,
•Jim..,
AoWat..’.,
J^Ptembpr.
Jrtnbpr.. *
Walter.
T-einhp,
..ange.
.. 6.764.80
. .6.80-6.90
.6.00
..6.95-7.00
..7.00
...7.05-7.10
..7.10
..7.16-7.20
tffSSr T
•IospcI atpndy.
*•»“* SJ.rtoo f* gi>
Closn.
6.70-6.80
6.80-6.85
6.90-6.16
6.96-7.00
7.06- 7.10
7.06- 7.15
7.10-7.16
7.15-7.20
6.40-6.45
6.46-6.50
6.55-6.6)
6.66-6.70
though they would not hold as steadily da
they now bid fair to bold throughout the
Jobbing Henson.
New Orleans. Sept. $.—Liverpool 3% to 4
down Is n shade better than due. \\ os ex
pected 6 (mints lower.
-Our traveling representative wire* from
Tyler, Tex.: "Texarkana, Mount Pleasant
to Tyler, good average crop already made;
boll weevil has done grent damage In Im
mediate vicinity of Tyler. Taldug every
thing ns It appears In east Texas, as far
ns I have seen, ha* good crop. Weevil Is
worse In this Immediate section than north
of here."
Western forecast Indicates fair weather
tonight and Hunday for western Texas nnd
generally fair tonight for Louisiana with
R robable scattered showers Hunday. For
le balance partly cloudy weather toulgbt
and tomorrow. . s
Eastern forecast Indicates showers lifte
tonight or Hunday for weat Florida, Ala
bama and Mississippi. For the halauce fair
weather tonight and tomorrow.
CROP MOVEMENT
FOR PAST WEEK
Recrctary H*»t*r of th* New Orleans Cot
ton Kxrhong*. In hi, wcektj statement of
the nt<ir*m*nt of cotton, gives th* amount
brought Into sight ilurlne th* past week nt
150,799 bn Ins, ngalnst 251.6X1 for th* s*r*n
.tiny, ending this dst* last yesr. 161.542 year
before last and 21,616 same time In 1908.
The movement since September 1 shows
receipts at all rutted States ports 7-’.7«S.
agninst 149,977 last year, 103,281 year before
laat and 10,817 anme time In 1903. Orerlnud
nernaa the Mississippi, Ohio and I’otomae
rivers to Northern mills nnd Canada 4.896,
agninst 4,284 last yenr. 6.26'
last and 189 same time In
stocks In excess nf those held nt the dose
of the eommerrlsl yesr 383 agninst 25,225
Inst year, 17,746 year liefore last nnd 9,406
anme time In 1903. Southern mills takings
44.000, against 42,296 Inst yenr, 27.298 year
' -ore last nnd 9,404 anme time In 1903.
'orelgn exports for the seren days hare
been 62.600, ngntnxt 80,431.
The total takings of American mills.
North, Snath nnd Canada, thus fnr for the
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-fl.-i
years' experience of ed
iting markets In Atlanta
nnd the South baa made
him a recognlxed nu
thorlty In his specialty.
RANGE ,OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF«STOCK.
Amalgamated Cop
Atlanllc Coast L&e. „
American Sugar Kef. ..
Annuorulii
American Locomotive..
do, preferred. . . .
Amer. Smelting Kef. .
do, preferred. . . •
Atchiaon
. do, prtfetred. . . .
American Cotton Oil..
Amer. Car Foundry. ..
Baltimore & Ohio.
Colorado Fuel A; Iron../
Central Leather. . . „
_ do, preferred. ...
Chic. Sc Great Weat’n.
Chic., MU. Sc St. 1*. . .
Delaware A Hudson...
Distiller's Securities.
Amer. ico Hecurltte*., , .
Louisville A Nashville.. . . .
Mexican Central , .
Missouri Pacific.
NAME OF 8TOCK.
N. Y.. rtnt. A Western.
National Load
Northern Pacific
New York Central. . . .
Norfolk A Western. . . (
Pennsylvania. ..... 4
People’s Gaa . ,
Pressed Steel Car. . . 4
do. preferred
Pacific Stall
Reading 4
Republic Steel
Rock Island
do. preferred
United Statea Rubber. .
do. preferred
Sloss-Sheffleld. . .
Tenn. Coal A Iron.
Texas A Pacific. . .
Union Pacific. . . .
United States Steel,
do. preferred.
Western Union. .
Wabash
do. preferred.
NEW YORK.
lures In New
today:
Kept. . ,
Oct. . .
Nov. . .
Dec. . .
•Tan. . .
Feb. . .
March. .
May.
Closed steady,
s
Wisconsin Central.
— — do. preferred; .*
otal stock Bates today 483.100 shares';
LIVERPOOL.
Oct.-Nov. .
Nor.-Dec. .
Dec.-Jan.. •
Jan.-Feb. .
Feb.-March..
Marcli-April..
I easy.
Opening
Tin ture.
. .4.94 -4.91
Following table gives opening range and
dole, compared with yesterday's closing:
Futures opened easy.
- PreVlonf
Close. Close.
,--J 6.10 8.13
4.94 -4.9K4 4.96% 5.01
4.91 -4.043 4.94« 4.98
4.91 -4.94 4.94 4.96
..4.94 -4.96% 4.96% 4.99>
..4.96 ^.97 4.97 5.01
..4.96 -4.99 4.99 6.03
.4.98 -5.01 5.01 5.05
.6.02% 5.02% 5.06%
.6.03 -5.04% 5.04% 6.08%
Aprll-May.
Nfny-Jnne. .
Plowed qplet,
NOTES ON GRAIN
Pointers on Provision*.
Htock. at th* snnbonril nml the twnnty-
nln* lenillng «<iiith*rn Interior renter, have
Invressed .luring the week 10,291 bales,
agninst nn tncreose nf 73081 during th. eor-
responding period last sen win, nnd nr* now
212.513 more than nt this date In 1903.
Ineludlng stocks left over at porta nnd In
terior towns from the last crop and the
number of Imlet brought Into sight thin
the supply to dst*
for the same pe
riod Inst yesr.
SUPERINTENDENT KINO'S
WEEKLY STATEMENT
Superintendent King of the New York
Cotton Exchange give* tho movement as
follows:
Waekly Movamant.
This
Yenr.
Port recelpta........... 72,667
Overland to mills and Canada 4.129
•Southern mill taking*. 96,000
Gain In stock at Interior towns 1,619
Brought Into sight for week..113,306
Total Crop MovemanL
Port recelpta 72.867
Overland to mills and ( anada 4.1ZJ
•Southern mill taking*....... 36,000
Stock at Interior town* In
excess of September 1 I. 5 * 3
Mat
Year.
157,864
3.947
30.000
17,691
174,862
8,947
31,000
Private Wire to Ware A Lelnnd.
Chicago, Sept. 8.—Wheat Is getting low
enough to. wnrrnnt a moderate purchase.
No special bullish features In sight at the
moment, but there never la when prices
nro lowest.
Don't be afraid to buy corn, even If the
bears keep ft down. They will have to
provide for their contract* some dny.
No Incentive to buy wheat, and this crowd
Is running away from It.
Data opened steady with Pringle a fair
seller of December nnd May. Bartlett-Fra-
sler nnd Cnrrliurton buying a few. Local
crowd selling. Buying scattered.
Inter-Ocean says: "Cash business In
wheat In Chicago Friday was 70,000 bushels,
Including 45,000 of No. 2 hard.
Sales of corn were 300,000, .Including 60.000
near No. 2 yellow, flrat half of December
shipment to Baltimore, said to be at 39H
" o. b. Chicago.
Sale* of oats were 160,000 bushels. At the
seaboard exporter* sold 100,000 wheat, 64,000
corn and 150,000 oats.
Prediction* are that the northwestern
wheat movement will run very heavy next
week. The heavy movement last year be
gan about September 12, and It was prac
tically nt high mark a week Intar. Duluth
and Minneapolis received an average of
About 446 ' ** ' ~ “ “ * ' “ *
September,
for the last
Private Wire to Gibert A Clay,
Chicago, Sept. 8.—The spring wheat at
the moment Is not going to bo ns heavy at
theta prices as It would be .If i to 10c
higher. The weaker longa are out of the
market aud large holders show no disposi
tion to let go. We may hare torn* further
alow, dragging decline, but believe It la
much safer to buy wheat than sell at these
price*.
■ftf"'
WORLD’S VISIBLE
SUPPLY OF COTTON
Secretary Heater, of the New Orleans
cotton exchange, in. his atatemeut of the
world’s vlalble supply of cotton, show* a
decrease for the week Juat closed of 64,*
011, agatnat an lucreaae of 6,029 laat year
and an Increase of 33,989 year before
laat.
The total vlalhle Is 1.736,916, against 1,-
790.927 last week, 2.664,378 Inst year and
1.166.240 yenr before Inst. Of this, the to
tal of American cotton la 867,916, against
903.927 last week. 1,693,378 laat year and
543.240 year !>efore laat, nnd of all other
klnda. Including Egypt, Brasil, India,, etiv.
601,000. against 837.000 last week, 871,000
last year and 612,000 year liefore laat.
The total world’s vlalble supply of cot
ton a* above shows a decrease, compared
with last week of 54.011, a decrease com
pared with lost yenr of 827,462, and an
Increase compared with year before laat
of 581.676.
t Britain nn«i connnenrsi r.iiropp <*»,-
against 140,700 lest year and 667,000
year Iwfore laat; In Egypt, 29,000. against
42,000 laat y«*P «nd 49.W0 yearbefore fast;
In India W6.000, against 173,000 tast year
aud 316,000 year before last; and In the
United Statea 813,000, against 543,000 last
year and 224,000 year before laet«
Brought Into sight thus far
for ...
•Estimated.
113,306 231,283
WEEKLY CHRONICLE’S
REPORT ON WEATHER
N*w York, Wl>t. 8.-Our silvl**, from
th* South this evening deooto that rain hu
been general during th* w**k, exe*pt In
T*xna «nd n few polntn along the gulf.
The preelpltntlon hsa l>eeu light or moder
ate n rule. Tesnx advlcea denote that
dnninge to open cotton tins rexulted from
the rnln nnd that pleVtng has been de
layed nnd deterioration la complained of In
2mie other localities. t’leklng. except
tvhere Interrupted by wet weathet. ha*
made good pr.igreafc W tha movement of
the crop la less free tha* a yaar ago.
GIBERT & CLAY
•* * ALABAMA AT- COTTON. Cm A? N. ATLANTA. OA.
corrxx.pnovi»ioNi
Se Y T „ < ’? ’"ork Biehsng,.|New Oriennst'otton Eirbsnge.lChle^Board ofTrode.
Rfcssa: ££Sib m s«alsBa«‘ss& 4 Baa
UmI and Long DUUnca’TaVs'phon”529*! Elcb *"Vf. R. FAQAN. Manm**
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
NEW YORK BANK STATEMENT.
The weekly statement of the New \ork
Bank Association shows the following
changes. Increase. Decrease.
Reserves. *iM2x S
Circulation. . 1,12O»0W
Much more than expected.
NORTHWEST CARS ^ ’
The following figures give the northwest
ears today, last week and !Mt yj*rt
Todav. Week. Year.
WHEAT AT CLOSE
NEAR JM "
Trade Again Small with
Cash Hcfuses the Priu-
eipal Sellens.
By Private tensed Wire.
Chicago, Sept. 8.—Watson, tho big
bear and short of Minneapolis, wns a
buyer here, and he experienced no
trouble In securing an much wheat an
he cared to take car* of. It came out
on the hard as well as the soft spots
of the day. Ip failed to rally even In
the face of the Increased demand.
The close showed wheat 3-805-8c
lower. Corn was dull and 8-8®3-8c
lower. Oata were l-8e up to l-8@l-4o
off. Provisions 5010c lower.
Primary receipts for the week 8,628,-
000 bushels wheat and 8,899,000 bushels
corn, compared with 6,616,000 and 4,-
102,000 bushels, respectively, a year
ago; shipments 1,936,000 buaheln wheat
and 2,776,000 buaheln corn. A year ago
they were 2,435,000 nnd 3,392,000 bush
els, respectively.
Minneapolis .estimates receipts there
for Monday at 600 cars. Spot No.
Northern sold 2 i-2c over the Septcm
her prices, showing a loss of lc of Ita
premium for the week.
Cash asles here were 16,000 bushels
wheat, 300,000 bushels corn and 100,-
000 bushels oats.
The seaboard reported 16 boat loads
wheat, one load corn and 20,000 bushels
oats for export.
CHICAGO GRAIN MARKET.
for todny follow:
Open. High.
£ I 8 IP 1
S 1 0
WHEAT-
Sapt...
Dec.
May—
COHN-
Sept 47
Dec 42
Sept ID
LTy;" ft
i’ORK-
fiept
Jan... 13.26
LARD-
o£b i
Jan ... 7.90
SIDES—
Sept
42%
m4 30
ft ft
iitt"
7.90
iliS"
7.7714
3014
ft
its*
7.77V4
ft
8.60
8.65
7,82%
CHICAGO CAR LOTS.
To*lay. Tomor.
Wheat g TO
Data W7 2SS
■logs- . 1WW
THE DRY GOOD8 MARKET.
New York, Sept. S.-Bnalnea* In the dry
grads district for the week haa been fully
lip to expS-tatlona. Buysr* find It n«-M-
aary to vlalt th* primary markets oft*n*r
lu order to keep covered on tb* numerous
adnuiees which srs occurring In tb* prices
of the alapl* lines. The Impossibility of
ettlng nny large quantity of good, for
getting nny Inrg. quantity
Immediate' delivery keetm
small quantities frequently.
them baying
THE COTTON SEED OIL MARKET.
New York. kept. 0.—The market (or cot
ton seed oil waileea active •>»{
v**rv sternly. The recent liberal export
business, estimated at 20.006 to 30*00) l>ar-
r«*ls, with a rf»ntlnneil *o«l Inquiry, waa
the principal Influence In the flrmneaa. Ad
vice* from the South showed no j>re*snre
of new oil. Not much la expected In tb*
southeast until well In October* and offer-
Inim In Texas for September are reported
light. The fact that the crop I* ***•■»*!
that stock* «f old oil are small are both
important Influence* The market wna easy
at the close, with prices % to lower.—
XVsre * Wand. ^
Replemlter |7t
October. ....... «•,
Noremlwr
Ih-cemlier. ......
January. ...... ,
Marrh S' t 2IL l
*ilav. ...*»,»»»* • * 3» vt>7i — O—%
Closed steady- Hales, 300 December at 30%,
1.40 8.42% 8.35 8.86 8.42%
.15 7.15 7.66 7.06 7.17%
CASH WHFJAT—
No. 2 red 71671%: No. 3 do 70%67I%;
No. 2 bard winter $%670%; No. 3 do 68%
NEW ORLEANS.
The following Is the range In cotton ffl*
lurea In New orteana today:
Oct. .
Nov. .
Dec. .
Jan. .
Feb. .
March.
May. .
t'loaed steady.
9.26
8.991 9.02
9.25
Tom
9.03^4
9.06- 07
9.07- 08
9.15
9.01-82
9.28-29
0.43-44
il
9.21-
9,27.
9.42-13
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
rroduce Exchange.
Lemons, 17.751*3.00.
Limes, 60075c.
Pineapples, |1.6O0i5O.
Bananas, straights, per bunch, 31.5091.75,
Culls, per bunch, |1.00®l.26.
TOULTBY AND COUNTRY PRODUCE-
Llre hen. 8693754c; fries, «He26c; broil.
I.'lvo ducks', Pekin, 35c; puddle, 2S027HC.
Dressed hens, per pound, 12013c.
Eggs, per dosen, 25c.
Rutter, table, per pound, 20O22V4c; cook-
R per pound, lzHOUc.
nck7*fistS? r ’ 8 ®* l)0 |M>un<1: ,n one-pound
"vEOKTAfri,E8-Irl.h potatoes. Na
stock, 92.62X4 barrel; per bushel, 31.00.
Onions, 3c per pound: cabbage, lkic poui
hew ewcet potatoes, 50c bushel.
CALIFORNIA FRUIT—Fancy stock:
Elliertn |>caches, per box, 31.50.
Mountain Bartlett pesra, per tiox, 93.25.
tlroaa pluma, per crate, 92.
Colutnltlan prunes, per crate, 92.
R?*® ,* r *P-*' P* r «•»». 32.50.
Blue tlelvolee gropes, per crate, 92.60.
FLOUR, GRAIN, PROVI8ION8,
FLOUR—Postal e patent. 95.75; Diamond
fancy, $3.90; spring wheat patent, $5.09
CORN—Choice red cob, 76e; No. 2 white,
*c; N<l 2 yellow, 74c; mlxed^nc.
OATH—Choice white rllpm-d, 62c; choice
white, 50c; choice mixed, 4$c; Texa
proof. 60c.
MEAL—Plain water-gremd, per
73c; l>olted. l4U-nnund *ure« t per bnah...
Hlmrts, white, $1.50; medium. $1.40; brown,
fl.JS: pure bran, $1.10: mixed bran, $1.06.
IIAY—Timothy, choir* large bales, $1.10.
do., choice small luiieo. )1.05; do., No. :
timothy bale*, $1.00; No. A $1.00;, do., No. 1
•doevr mixed- S1.00; do., No. 3 ciover mixed,
90c.
CLOVER—Choice 90c.
Tho ntmvn prices are /. o. b. Atlanta, and
subject to Immediate acceptance.
GROCERIES.
BUGAII—Standard granulated, $5.20. New
York refined, 4V4c; prnnUtlone, 5c. llsrk.t
very strong.
COFFEE—Boosted Arbuckle's 916.50.
Irnlk, In bags <* barrels, iSc; green, 100
12c
RICE—Carolina 4%07%c, according
rrnde. Market very strong.
CHEESE—Fancy fall cream dairy, 14%c
twin* 14c: brick 14c. Market strong,
PROVISIONS—Hujireme hams, 15c. Dove
- Callror ' * ‘
hums, 15%c.
Irornla hnms,
_ ri?a,‘~<9.67X4
. . tat backs, Sc; plate*
Sc; Supreme lard, $9.82%; Red Cross, 10c*
Snow Drift compound, 7%c; Red Cross, 7%c.
SOUTHERN EXCHANGE
Oldest Established Office 8011th.
COTTON STOCKS BONDS GRAIN
Ground Floor Gould Building. Daily
market letter and market manuti!
mailed on application. *
PRIMARY MOVEMENT.
The following figures give the *prlmnry
movement of wheat nnd corn today:
Wheat—Ite<>elpta 713,000 bushels, against
012.000 bushels Inst year; shipments 407.000
bushels, against 488.000 bushels laat yenr.
Corn—Receipts 548,000 bushels, against
697.000 bushels .Inst year: shipments 702,*
000 bushels, against 883,000 bushels last
year.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE, THE NEAL. BANK
PHONE 1417., PRUDENTIAL BLOC
HUBBARD BROS & CO
COTTON
'*9 MERCHANTS
Atlanta Offices, 239-221 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.
Phoncs’454, Long Distance J9. A.S. Hustace, Mgr.
coTTON^c^m, ^rovision's.HtocksPbonds,
H». 2 Watt SI., Ptlert Atlaola, 6a.
Ckkajo Board at Data.
MlMBiiS:
fnr fart Colton Ctchangr.
few Orleans Cotton ttdiangt. - ----- -
UrerBOo! Cottoo Assotlslioo. new York Collet Etchanjo.
hlntf Wires to few York. How Orleans. Chicago. B. C COTHRAN. Manner.
Boll Pbooe 120.Staaiaid Photo ISk
TIPS FLASHED
From Wall Street
Private Wire to Ware & Leland.
New York, Kept, 8.—London Irregular.
Two million five hundred thousand dollars
gold reported engaged abroad todny.
A bau bank statement expected, with re-
n deficit, nnd while many
think that It has been discounted In view
or •large gold engagements to l»e announciMl
Momlov, u feverish market <*nn lae expected.
Benrlsh professionals are on the nlert, nnd
watching for openings to sell on, and it
that attacks on Pennsylvania
and Rending may Ihj witnessed.
\\ ouId. favor the acceptance of profits
sharp advances should they take place.
The Iniiika have lost over $10,000,000 this
week, and the bank statement Is expected
to be very bail. The latest order from
Hecretary 8huw has causo«l considerable
selling.
There waa some aellinr through the mar
JfA, ® n . feur * of a bad hank atatemeut,
ultnoiigli a considerable reduction In loans
Is expected.
*J n circulation to the ef.
feet that United Htatea Reduction, and Re-
flnlng will Im» put aliove 40 In a very abort
time. The bnying of the stock yesterday
was an Id to be good. We suggest that It
J»e watched, ns there Is a tendency to
handle low-prlcod stocks because they are
cheaper to manipulate undqf existing dr*
Wire to Glliert A Clny.
New York, Kept. 8.-Marsha!I. Rpader
the close of the market, It
**f .that the recovery had been lib
eral throughout the list, nml In the absence
TL IT" ohrcouwtlng causes this morn-
we expect a g<Hsl tone nnd support to
ri Cn ,PP < *L Reading, New York
' u*' °ther lending shares
should show the effect of the better feel-
L!fL ,,ke,r to I'rcrnll. At this writing, tlie
tin' ff0 . ld opproxlmate
$10,000,000. $2,500,000 having been announced
this morning.'
- “don special says: "There was
nlthdrnwn this morn ng from the Bunk of
New i yoric^ ,,W0,00 ° *° d for ■hipmeut to
ItT! 1 ® >8*" JL°F k WmiBetal Bureau says:
1J “settlement Is promised for today In the
ft°ck market by the news at this writ-
lug. The situation may steady Itself. To
day the surplus may disappear entirely, but
the fact that, perhnpsj $10,000,000 pM baa
been engaged for Jni|H>rt offsets this. Wl
would mnlntuln n cautious position, but
on drops are Incllnexl to think that pur-
chases for turns will prove profitable as
Iniyo Interests, while they have dls-
. some stocks, mast support, and
tnillnillnns point to ft Ml*f on th* port
of th* powrrs thnt a lilplfct dlntrllititlv*
l*v*l *«n lie innrt* ft snerpss tni*r with tn.
t*r*st In sp**ulntlon nronsin. nt It Is now,
provided It Is not nllow*il to get nw»jr en
tirely. We do not find thnt mneh stock
enrae ont on tho decline jesterdsr, and it
Is possllile thst a Idg transfer of losns hss
occurred In such n wny that the hanks will
mnko a showing lietter thnn genemlly nn-
th'liwtcd. The mnnetarjr situation Is crltl-
eftl beyond n doubt, hnt It Is not estremelv
dangerous If stock speeulntlon Is kept wlth-
n Itoumls nnd th* mere ninlntennuee of
mines li.v those who hove eorupnnittrelv
ehenp Is to carry securities will nut
prove n menace. The fmidnsientsls sre
bullish, snd lijr patiently nnd conservatively
passing over the money sickness, we think
the market will be In a healthy condition.
Specialty Improvement, its frequently slat-
STOCKS STARTED
L
Volume of Business Was
Only Moderate the
First Hour.
TONE WAS STEADY
Bank Statement Was Much
Worse Than Expected,
But Relief Expected.
LONDON 8T0CK MARKET.
HTOCK—
Absconds..
Baltimore and Ohio. . .
'nmtdlnn Pacific
hesapenke nnd Ohio.. ..
'hie., Mil, nnd Ht. Paul.
rJrle ,,,,,
Illinois Centrsl
1 -oulsvllle nnd Nashville..
Missouri. Kansas and Texas,
do, preferred
New York Central. , . ,
Northern Pacific
Norfolk and Western
Ontario and Western
'Vnnsrlvsnls . .
lending.
Itnck Island
Southern Pacific
Southern Unitwny
Union Pacific
United States Steel
preferred.. .. .. ..
By Private Leased Wire.
New York, Sept. 8.—The stock mar
ket today opened dull and without defi
nite tendency. Shortly afterward It
hardened somewhat when stocks like
Brooklyn Rapid Transit, Erie and some
of the Steel group developed strength.
Tho active trading was confined to
these few Issues during the great part
of the sessslon. In view of the money
market conditions, the bank statement
waa awaited with more than the us
ual Interest, and the trading during the
first 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 will be announced on next Mon
day, and the bull cliques can bf trust
ed to mako proper market use of that
’’stlmulaUng Influence.” ' ■-[.
The bank figures were as unfavor
able as expected. The reserve de
creased 59,447,306, Wiping out the sur
plus, leaving instea4 a deficit of 96,577,-
925. Notwithstanding the contraction
In the loan Item of 912,000,000 and a
decrease In deposits of very nearly
528,000,000, tha loss In cash wps 916,-
408,100. -This Is more than bank ac
tually lost this week, but l| accounts
for the loss of last »;eck, which did
not appear In the previous statement.
The stock market took the unfavor
able showing well. ■ Prices shaded off
slightly at first, but soon rallied, nnd
the close was the best figures of tho
day.
The stock market opened Irregular.
St. Paul, Pennsylvania, the Steel stocks
and Southern Pacific were unchanged.
Reading declined 1-8, Canadian Paci
fic 1-2, Smelting 3-8, Great Northern.'
preferred 6-8 and St. Paul 8-8. After
rallying Union Pacific declined 5-8.
Northern Pacific gained 11-9, Brook
lyn Rapid Transit 1-2; Erie 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 it matter of com
ment that the flood of stocks sold yes
terday by Western houses had been
wholly absorbed and that buying ord
ers this morning could only be execut
ed at advancing prices. The only
large crowds were . In Brooklyn Rapid
Transit, Erie and Reading.
London bought a small amount of
Erie and sold some Steel common, but
arbitrage brokers stated that It was
hard to trade with London today lie-
cause of the Interest shown in the boat
race.
Government bonds unchanged. Oth
er bonds firm.
31 % 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 Inepect our quarters and Investigate
our facilities to serve you, A hearty welcome awr.lte you at this
bank.
A8A Q. CANDLER, PrssIdenL
W. H. PATTERSON, Vlce-Pret. A. P. COLE8, Cashier.
JOHN 8. OWENS, Vlce-Pree. WM. D. OWENS, Aiet. Cashier.
r
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, PrssIdenL A. E. THORNTON, VIoe-PresIdsnL
H. T. INMAN, Vlce-Preeldent. GEO. R. DONOVAN, Caehler.
JAMES S. FLOYD, Aeel Caehler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
V,
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 the basement of the
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not he Without one. IVe invite
you lo call and inspect them.
Title Guarantee and Trust Co.