Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN. FRIDAY. SEPTEMBER 7, MM. 13 OPENED SIEUMI TONE Due to a Steady Set of Ca bles From the English Market. WEATHER FAVORABLE rjlje Two Cotton. Associa tions of South Working at Cross Purposes. rrtmtu Lenunl Wire. \>w York, Sept. 8.—The cotton mnr- was unsettled but 1 to 6 points L|,« r on the steady Liverpool cables. weather remained favorable In M South, Inducing further bear pres- „ rc from that quarter. T nerc was nothing doing In the mar- for futures today, the trad* gener ally preferring to hold oft pending the orermnent report on Monday before taking new commitments on either lit of the account. Crop accounts have been of the most favorable character up to a few days itt, hence a bearish report Is ex acted The condition report will prob- Sly show the crop In excellent shape on to and Including August 25th, but mooIc In position to know state posl- {fTfir that there has been great de- isrinratlon since that date. Mr W. F. Bragglns. division frolght srent of the Texas Paclflc linos, after in extended trip through north Texas and points around Dallas, says: The ration crop In north Texas deterlorat- td almost 25 per cent on account of wavy and continuous rains. Farmers ire feeling blue, as they had been led 0 expect an almost phenomenal out sit The boll weevil has started his vork In spots and Is playing havoc, taint have kept crop from being pick, id and much cotton badly damaged. The two cotton associations met dur ns the week each agreeing on a mint mum price at which the yield should be marketed, the National Farmers' educational and Co-operative Union Ixtnc the price at 11c. It did not es- Imate the crop, but stated that the deterioration In the crop warranted lh The Pr southern Cotton Association died the minimum price at 10c and report has It that It unofficially esti mated the crop at 12,750,000 bales. The man that makes the cotton can take his choice. It Is probable he can •ell at either price. If the Farmers' t'nlon will work In harmony and the crop should fall short of the South ern Cotton Association’s estimate It will be nn easy matter to get Its mini mum price. Estimated receipts Monday: 1*00. 1005. New Orleans.... 3,800 to 1,800 2,586 Qalveston 8,000 to 10,000 9,824 Houston 10,500 to 11,500 13,571 NEWS AND GOSSIP Of tho Fleecy Staple. Ptlvnte Leased Wire to Wore & Leland. hew lork, Sept. 8.—Liverpool cotton fu tures opened quiet but steady. 7 down on near and U down on Inte. At 12:15 p. m„ 214 down nod quiet. Spot sales 6.000 bales? 3 up Umvn Sd ' Futurc * Trers due to come 5 to 5Vk Liverpool cables: "The market feels the' Influence of strength In new crop dellrer- Iss and 8oetb not offering at all freely." The Now York market opened quiet and shout na expected on Liverpool cables. Cammlulou houses liought n little. Scbllt was n good buyer of Deceorber. January a "d Msreb. Look for quiet market today. H. Wilson selling cotton nnd hammering the market. Schlll and Parrott checking decline. It Is reported here that the Southern estimates the crop st 12.S62.000 bales. Following Is the statistical position of cotton on Friday, August 31. ns made up by the Sew York Financial Chronicle: This last Last Week. Week. Year. Visible supply 1,732,689 1,784,166 MF.,642 SOS, 156 1,676,442 .506 American 863.1 Crop In algbt 127-.- I or week 127,506 Port receipts 73.061 Port stocks-,.,,,-, 207,747 Exports 52.777 Interior reeelpta... 73.712 Int. shipments...,, 69,277 Interior stocks 100,711 ‘iih'.fi: 74,604 IMS 63.183 7tt». 100,900 164,103 379.47! 86,726 Edited by Joseph B. Lively MARKETS Mr. Lively’* twenty-fire years’ experience of etf* I tine markets In Atlanta and the South has made him a recognised «u* thorlty In his specialty. TIPS FLASHED From Wall Street. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OP STOCK. 152,070 New Orleans. Sept. 8.—Cable* aro indiffer ent. Tho week's sales of spots In Ltvei snjount to 36.000 bales, against 44,000 year nnd 46,000 In 1904. The total stock Is 361,000 bales, against 708,000 last year and 147,000 in 1904. The visible Is bullish. American decress- od SC,000, other kinds decreased 106,000. To tnl decrease 54,000. Mill takings 168,000, In Liverpool eluding correction of 11,000 stocks. The market Is easy tinder, what looks like tin load 1 ur by longs. The market misses the support it used to get from covering by shorts. A telegram from New York says tropical storm Is now oat at sea some tsnee from the Carolina*. The weather map Is favorable. Prsetl cnlly no rain Is Indicated over the cotton belt nnd temperatures are seasonable. The net stock of cotton in New Orleans Is 13,888 bales, against 40,872 at this time list year. The amount of cotton on'ship board is 8,175 bales, against 3,862 Inst year. tho ■ <lls- At the close futures were 1 lower to 2 points higher. SPOT COTTON MARKET. W; receipts 5.000; American 4,500. Atlanta, quiet at 0c. New York, quiet at 9.80c. St. Louis, steady at 9%c. August*, quiet at 9*4<?. Snvnnnnh, steady at 91-16c. hnrleiton, quiet at 8%c. Memphis, quiet at ““ Houston, steady at 984c. - nt 9%c. . quiet at 9.80c. Oftlrestui, quiet nt 9^4c. Wilmington, nominal. Suffolk, steady at 9%c. TODAY’6 PORT RECEIPTS. Tbs following table shows reeelpta at the B is today, compared with the same day t jesr: Sew Orleans. . . •ialreston. . . . Mobile t'lvasnnh I'hsrleston. . . . Wilmington. . , , Norfolk Boston jVMelphla. . . {.oft Townsend.. Total (Incomplete)., 1906 2096 11968 12475 1688 1308 1226 146 52 100 INTERIOR MOVEMENT. i.El fo1 ow '°* f *hle shows receipts at ths JU®? towns today, compared with tbs g»* d«7 last year: 80,421 last season and 66,549 In 1904. Private Wire to Gibert A Clay. New York, Hept. 8.—Liverpool closed down on winter and spring months. Was expected 5 down. Liverpool buying some cotton here. Tho Journal of Commerce says: "E have been duplicating many orders four or fire weeks ago, and first hands and Jobbers have 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 Inrgc operators remain ofct little dan ger Is lurking for the small buyer. It U recognized, however, that prices might easily 1h* scot skyward In many lines even though they would not bold as steadily Is they now bid fair to hold throughout the Jobbing season. Sew Orleans. - ^ down la a shade better than dne. Sept. 8.—Liverpool 3H to • letter than dne. was e: peeted 5 points lower. Our traveling representative wires from Tyler. Tex.; ,; Texsrkans. Mount Pleasant to Tyler, good Average crop already mader “ —vll *— ■* luma am ii niqimm in ***■*, ■■ tar as 1 have seen, has good crop. Weevil Is worse In this Immediate section than north of here." Western forecast Indicates fair weather tonight nud Sunday for western Texas and generally fair tonight for Louisiana with probable scattered showers Sunday. For the balance partly cloudy weather tonight and tomorrow. Eastern forecast indicates showers late tonight or Sunday for west Florida, Ain- Irnma nnd Mississippi. For the balauce fair weather tonight and tomorrow. CROP MOVEMENT FOR PAST WEEK Secretory Hester of tho Now Orlo.n, Cot ton Exchange, In bl« weekly xtotcmrnt of tho moroment of cotton, stvoo the amount before but anil 29,615 aamo tlmo In INI. Tho movement alnce September 1 abowa receipt, nt nil Unlteil Htnten portn 72.746, ngnluat 149,177 Innt jeer. 103,281 rear before Innt amt M.637 name time In 1*01 Overland neroaa tbe Mlailulppl. Ohio and rotomac rlrera to Northern mllla and Canada 4,695, nsnlnat 4,234 last jeer, 5.264 rear liefnre laat and 199 name time In 1906; Interior •tooka In exeeaa of thoae held at the el of the eommerclnl year 358, aaalnat 25,— laat yenr, 17,746 rear before laat and 9.406 name time In 1902. Southern mllla tiklng, 44,000, aaalnat 42.296 'laat rear, 27.162 year lieforo laat noil 9.404 aenio time In 1903. Foreign eiporta for the aeven days have teu 52.590, ugnlnat 80,421. The tntnl taking* of Amnrlean mllla. North, South and Cnnndn, than far for the year. These •pinner., aaalnat 22,102. Stoeka at tbe aeaboan! anil the twenty- " t Southern Interior renter* have ............ -Jnrln* the week 10.291 latlea, aaalnat an Inereaae of 76,069 during the ror- responding period laat season, and are now 212.633 more than at thla date In 19qs. Including atocka left over at porta and In terior town* from tbe laat crop and the Ibwimn. . , . ~ *"«»•'• ’ ' hntiphl. h- fasti, Ondnaatl. ... Total, THE COFFEE MARKET. /SMw ** fhi. opening range and « the N, w York coffee market ft laaaarr,. tepT- *- •• •• 9nly. " '* •• Wit',, * * * jtownher. w«b^r ft 1 *. ” 5^.000 Ungt. Opening Ranee. Close. ,.6.75-4.90 6.704.80 ..6,804.90 .6.90 . .6.86-7.00 .!!t!«-7.io e .7.10 ..7.16-7.20 ...MO -:4«* ...6.6 6.904.55 6.904.16 6J6-7JJ0 7.06- 7.10 7.06- 7.16 7.10-7.15 7.16-7.20 6.404.45 6.464.60 6.654.6) 6.654.70 number of bale, brought Into right thna far from the new crop, the aupply to date la 416,559, agalnat 666,212 for the aame pe riod laat year. Superintendent King of tbe New York Cotton Exchange given the movement an follow,: Weekly Movement^ Year. Fort reeelpta 7J.J67 Overland to mllla and Canada 4,129 •Southern mill taking*. 3S.OOO Oaln In atock at Interior town. 1,519 Brought Into eight for week..112,206 209,662 Total Crop Movement. rort receipt. . 174,3« Orerland tn mllla and Canada 4.129 3,947 •Southern mill taklnga .. 36,000 31.000 Stock at Interior town. In exeeaa of September 1 L5H> Brought Into light thua far for season < •Estimated. .111,306 231,283 WEEKLY CHRONICLE’S REPORT ON WEATHER New York, Sept. 8.-0ur advice, from the Sonth thie evenlngdenote thatralnhM lieen general daring the week. »*«Pt .I* Texna and a few polnta along the golf. The preetpltatlon haa bee* Ufbt or moder ate na a role. Tex” "drlce. denote that damage to open cotton has resulted from Ihe rain and that picking has. been de layed anil deterioration la jj" Em? other localities. tMeking. except XT. interrupted -SHM GIBERT & CLAY AtA. AM A .T. ?L°T C T K o‘n. COf«t*»OVI9ION» v„ _ HfMHaii kg JgfcJIW Exchange INew Qrlean. Cotton Exchange. ^ H* S8K Sb 8^ KSi UfTmT k,til »nd Long DI#Ulloi r Teleilho l rie , '529fc Elc ‘ , *°^. n. FAGAN. M«naa«A ATLANTA. OA. Board of Trad*. ... l Cotton Aaaodatloa veaton Cotton Efchangk ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 853. ATLANTA, GEORGIA lAniMata* PV. . . . . Americnn Locomotive.. do, preferred. . . , Amer. Smelting Kef. . do, preferred. . • . Atchison do- preferred. . . . Americnn Cotton Oil. *. Amer. Cor Foundry. ,, Baltimore A Ohio. . .. Brooklyn Rapid Tran.. Canadian Pacific. . . , Chic. & Northwestern.. '4”l piTiflirU. e e * Chle. A (treat West’n. Chic.. Mil. A St. V. . . Delaware A Hudson. .. Distiller’s Securities. Erie do. preferred General Electric. . . . Illinois Central Amer. lee Securities. .. Louisville A Nashville.. Mexican Central Missouri Paclflc Ill 11289 uni « f jjjpi 279 7i?; 15294 101 3194 153K iirni 101 m i-'i'e 101 3194 1»Il sis 1169 M 1 3S « 2S 1799{ 21794 slj 61% i66ii w“ i«ii ill TT IMS 97*4 21 97% -21 9794 *£ 8» NAME OF STOCK. N. V.. Ont. A Western. Nutionui Lend Northern Pacific. . . . , New York Central. . . , Norfolk A Western. .. , Pennsylvania People’s Gas Pressed Steel Car. . . , do. preferred. . . . , Pacific Mall Rending Republic Steel Rock Islnud do. preferred United States Rubber. . do. preferred Southern Paclflc Southern Railway. . . , do. preferred Slosa-ShelTleid Tenn. Cool A Irou. . . . Texas A Paclflc. . . . . . Union Pacific. ...... United States Steel. . . do. preferred. Western Union. Wabash do. preferred. ........ Wisconsin Central do. preferred NEW YORK. me following is the range in cotton ft lures in New York todayi Sept. . . Oct. . . Nov. . . Dec. . . Jnn. . . Feb. . . March. . May. . Closed steady. uliM ft.6sr iw-g 13533 8.34-8.8445 18446 .... 8.96-96 1.95-97 J .07 9.07-06 9.06-07 .14 9.14-15 9.13-14 .... 9.19-20 9.18-20 9.29 9.28-29 9.28-27 9.87 9.1748 9.3647 Total atock aqjea today 483,100 ahareT Private Wire to Ware A Leland. New York, Hept. 8.—Loudou Irregular. Two mllllou five hundred thousand dollars gold reported engaged abroad today. if 41 ^ *tatementsexpected, with re- sene, showing s deficit, sad while many think that It has been diseotiuted In view W *°ld engagements to l>e anuoan«‘e<l it market can !>e expected. Bmrlsh professionals are on the alert, nnd watching for openinga to sell ou, nnd It la possible that attacks on Pennsylvania Bn t “ Heading may |h> ivitneHMed. Would favor the acceptance of profits on sharp advances should they take place. Tho banka have lost over I10.000.000 this week, and the bank statement is expected to be very bad. The latest order from Secretary 8haw has caused considerable selling. There was some selling, through the mar*. k }' t . on fears of a bad hnuk statement, although a considerable reduction In loans Is expected. There Is a tin In circulation to the ef- fcH*t thit United States Rnluctlon nnd He- fining will be put above 40 in u very short time. The buying of the stock yesterday was Mid to bo good. We suggest thot it •® watched, na there Is « tendency to handle low-priced stocks because they are cheaper to manipulate undtf existing clr- STOCKS STARTED Volume of Business Was Only Moderate the First Hour. TONE WAS STEADY Bank Statement Was Much Wors.e Than Expected, But Relief Expected. LIVERPOOL. Following table gives opening range and close, compared with yesterday'* doting; l utnres opened easy. Opening _ Previous Range. Close. Close. . ..5.084-5,10 6.10 5.13 : IS 5:8 * • .4.94 '-4.96V4 4.98V4 i»V4 ...4.16 -4.97 4.97 6.QI ....4.98 4.99 4.99 6.03 . .4.98 4.01 6.01 6.06 . .6.02Y4 6.02% 6.06V4 . .6.08 4.04V4 8.04V4 6.08V4 September.. .. Sept.-Oct. . . Oct.-Nov. . . Nov.-Dec. . . Dec.-Jan.. .. Jan.-Feb. . . Feb.-March..., Marrii-Aprll.. . Anrll-Mny. . . Me.r-June. . . "■Closed quiet NEW ORLEANS. 5er»TT77 Oct. . . . Nov. , . . Dec. . . . Jen. . . . Feb. . . . March. . . May. . . Closed NOTES ON GRAIN Polnt«rfl on Provisions. __Jeago, Sept. 8.—Wheat Is getting low enough to vrnrrnnt n moderate purchase. No special bullish features In slept at the moment, but there never Is when prices are lowest. Don’t be afraid to buy corn, even if tho heart keep It down. They will have to provide for their contract! some day. No Incentive to buy wheat, and thla crowd Is running away from it. Oats opened steady with Pringle a fair seller of Decetnlter and Msy. Bnrtlett-Frn- sler and Carrington buying a few. Local crowd selling. Buying scattered. Inter-Ocean says: "Cash business in wheat In Chicago Friday was 70,000 buahela, including 45,000 of No. 2 hard. Sales of corn were 300,000, Including 60.000 new No. 2 yellow, flrat half of December shipment to Baltimore, eald to be at 39V4 f. o. h. Chicago. Sales of oats were 160,000 bushels. At tbe seaboard exporters sold 100,000 wheat, 64,000 corn nnd 160,000 oata. Predictions are that the northwestern wheat movement will run vorv heavy next week. The heavy movement last yenr be- about Seotemher 15. and It tr ~ ~ ly at Mini r 1906. i for the laat half. and Minneapolis received an average of about 446 cars dally for the flrat half of September, 1906, and of about 944 cart dally Chicago, Sept. 8.—Tbe spring wheat at the moment la not going to be as heavy nt these prices as It would be if 6 to 10c higher. The weaker longs are out of tbe market and large holders show no dlRpnri* tlon to let go. Ws may have some further •low, dragging decline, but liellevn It la much safer to buy wheat than sell at these prices. WORLD’S VISIBLE SUPPLY OF COTTON cotton cxchnn.c, In hi. ttatement of the —... • • aupply of cotton, .how. , a week Juit cloned of M, oil, .fi.ln.t nn Incrcc of 6,039 laat year and an Incrcnee of 33,M3 year befor. The total Tlrihl. I. 1,796,916, ifelnat 1. 0,937 laat week, 2,664,378 laat year and 156,240 year lieforo laat. Of thla, the to il of American cottnn la 567,916, axalnit 903,927 laat week, 1.693,976 laat year and 543,240 year before laat, and of all other iimtef ssi- taat year and (12,000 year Iwfore laat. The total world', rlalhle aupply of cot ton n* abort ahowa a decree, compared with laat week of 54,011, a decreaae com- r of 627,462, and an Ith yenr before laat Of tho-world’, rlalble aupply of cotton n. .bore, there la now afloat and heldln (treat Britain and continental Europe 7»,- 000, agalnat 140,700 laat year and 667.000 year liaforo laat; tn Eaypt. 3,000. agalnat 42,000 laat yenr and 49.M0 year before laat; In India 06,000, arolnat ,*72,000 but year nnd 215,000 ynar before laat; ami In the United Staten 211,000, acalnat 641,000 laat yenr and 224,000 year before Inat. NEW YORK BANK STATEMENT. The weekly atatement of the New York Bank Aaaoclatlon ahowa the following ebangen; Inereaae. neerjwae. Esrrv.v.’.:: :::::::: MSES ■gfr:::::::: uSSfti WHEAT AT CLOSE • NEARJJW POINT Trade Again Small with Cash Houses the Prin cipal Sellers. By Frirate Leneed Wire, Chicago, Sept. 8.—Wataon, the big bear and abort of Minneapolis, was a buyer here, and he experienced no trouble In securing as much wheat as he cared to take care of. It came out on tho hard os well as ths soft spots’ of the day. It failed to rally even In the face of tho increased demand. Ths close showed wheat S-898-Sc lower. Corn was dull and 3-8@3-4c lower. Oats were l-8c up to 1-8&1-4C off. Provisions 6O10c lower. Primary receipt* for the week 3,626,- 000 bushels wheat and 3,(99,000 bushels corn, compared with 5,616,000 and 4,. 103,000 bushels, respectively, s year ago; shipments 1,936,000 bushels wheat and 3,775,000 bushels corn. A year ai they were 2,435,000 and 3,392,000 bus! els, respectively. Minneapolis estimate* receipts there for Monday at 500 cars. Spot No. 1 Northern sold 2 l-2c over the Septem ber prices, showing a loss of lc of ' premium for the week. Cash sales here were 15,000 bushels wheat, 200,000 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. wnEAT- Open. High. Low. Close. Close. &| Hill 1 I'P [njr CORN— 8ept 47 Dm* 42 May.... 42% OATS- sept an Dec.... 90H Kept "lWI- 55 Oef.*..”. M5" Jin.... 7.60 SIDES— Sept Oct.... 8.4fi Jan.... 7.15 is:a i*:js 7.90 7.7714 i:ss" 7.06 !:S* 7.7714 i:i 7.06 7.8JV9 8.65 m Circulation. . Much more than expected. 1,120,900 NORTHWEST CAR* ^ The following figure* giv# tbs northwest ears todaj. last week and Tods?. Week. Ymi. I «•? rodjr. Week. 291 PASH WHEAT— & mm PRIMARY MOVEMENT. The following figure* give the primary movement of wheat and com today: Wheat—Receipt* 713.000 huaheU, agalnat 913,000 Imahela last rear; shipments 407,000 bushels, against 488,099 bushel 425 548,000 bimhels. against Is Inst year: ablptnenta 70S,* agalnat 883,000 bushels last iteady. 9.50 msi 9.03-04 9.06- 07 9.07- 08 9.15 ■ 0.21-22 9.2S-29 9.43-44 07-06 9.15-16 9.21-23 m ATLANTA MARKETS. FRUIT8 AND PRODUCE. Officially corrected by Atlanta Fruit and Produce Exchange. Lemons, S7.75C8.00. Limes. 60C75c. Pineapples, $1.6002.50. Bananas, straights, per bunch, $1.5001.75, Culls, per bunch, $1.0001.25. POULTRY AND COUNTRY PRODUCE*— Live hens, 36037V9c; fries, 22H0»c; broil- ers, 15022V4c. IJvo ducks, Pekin, 85c; puddle, 25027V9C. Dressed hens, per nound, 12013c. Kan. Der dozen, 25c. >und, 20022V4c; cook- pound; In one-pound 1 Butter, table, lug. per pound, Honey, new, racks, 10012c. VEGETABLES—Irish poUtoes. I stock. $2.5244 barrel; per bushel, $1.00. Onions, 3c per pound; rahlmo*. lftc pound. New sweet potatoes, 60c bushel. CALIFORNIA FRUIT—Fancy stock: Elberta peaches, per box, $1.60. Mountain Bartlett pears, per box, $3.3. Gross plums, per crate, $2. Columbian prunes, per crate, $2. Rose Peru grapes, per crate, $2.60. Blue Malvolso grapea, per crate, $2.60. FLOUR, GRAIN, PROVISIONS. FLOUR—Post el s patent, $5.75; Diamond patent, $6.10; Mascoutnh Star, 14.60; fancy patent. $4.60; Red Eagle, $4.15; Blue hlbhon. $3l90; fancy, $3.90; spring wheat patent, ^.0# CORN—Choice red cob, 76c; No. 2 white, 76c; No. 2 yellow, 74c; mixed, 73c. OATS—Choice white clipped, 62c; choice white, 60c; choice mixed, 48c; Texaa rust proof, 60c. MEAL—Plain water-ground, per buahal, 73c; bolted. 140-noiind 'titea, per bushel, 65c; Short*, white, $1.50; medium. S1.40; brown, $1.35: puro bran, $1.10: mixed bran, $1.06. HAY—Timothy, choir* large bales, 21.10: do., choice amall bines. $1.06; do., No. 1 timothy Inlet, 21.00; No. A $1.00; do., No. 1 rlocvr mixed. IL00; do., No. 2 ctover mixed. Private Wire to Olbcrt A Clay. Wrt' **Pt; 8.—Marshall. Spader tho close of the mark<*t, It the recovery had been llh- oral throughout the list, anil In tho absence .H!“ c ? lictrt, ng caum** this morn- ^P^t a gooil iono nnd support to R2IJW*. .Copper Reading, Now York i^tral, fit. Paul nnd other lending shares fjould. show the effect of tho better feel- bSLifi* 1 £.1? prevail. At this writing, tho of approximate thls°inornlng " ,00 ° faring been announced Lo n ‘l°n special snya: "There wna t?I-/iE®k w 2«i2i , L5 lorn !5f frora the Bank of Lnglandr $2,600,000 f ° d * or ,h, P mcnt t0 ..The New y 0 rk Financial Bureau nays: Unaettlenient la promised for today lu ihe stock market by the news at this writ- fhff* . T h ® altuntlon may steady Itself. To- day the surplus may disappear entirely, hut the fact that, perhaps. $10,000,000 gold baa been engaged Import offsets this. Wt would mslntaln a cautious position, but on drops are Inclined to think that pur- chases for turns will my# profitable sa tba targe Interests, while they have dls- trtnutMl some stocks, mast support, nud Indications point to a belief on the part of the powers that a higher distributive level can be made a success Inter with In- terest In speculation aroused, as It !a now, R royideil If Is not allowed to get away en* rely. Y\o do not find that much atock came ont on the decline yesterday, and it la possible thst a big transfer of toons has occurred In such a way that the banks will totter than generally an ticipated. The monetary situation Is crltl- cal beyond a doubt, hut It is not extremely dangerous If stock speculation Is kept with in bounds and the mere maintenance of values by those who have comparatively cheap funds to carry securities will not prove q menace. The fundamentals are bullish, and by patiently and conservatively passing over the money slckneaa, we think the market will he In n healthy condition. Specialty Improvement, as frequently stnt- ea, Is always possible. LONDON STOCK MARKET. STOCK— Anaconda. Atchison do, preferred Baltimore nnd Ohio. . . . . Canadian Pacific Chesapeake and Ohio Chic., Mil. and St. Paul. . . Illinois Con'triii. Ixmlavllle ami K.ahrltla.. .. Mlsaonri. Knnana and Texas do. preferred New York Central. . . . Northern I'arlflc Norfolk nnd Weatern Ontario nnd Woatern IYnnajrlvnnla Rondlns Rook Inlnnd Ronthera Faolflc Kouthern Railway Union I’nelflc United Rtatea Steel do. preferred Wahaeh do. prefer rod.. 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 Ilka Brooklyn Rapid Transit, Erie and some of the Steel group developed strength. The active trading wa* confined to these few Issues during the great part of the sessslon. In view of the money market conditions, the bank statement, was 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 bp trust ed to make proper market use of that "stimulating Influence." The bank figure* were os unfavor able as expected. The reserve de creased (9,447,800, wiping out the sur plus, leaving Instead a deficit of 86,577,- 935, Notwithstanding the contraction In the loan Item of 812,000,000 nn.l a decrease In deposits of very nearly 828,000,000, the los* In cash was 816,- 408,100. This Is more than hank ac tually lost this week, but It nccounts for the loss of laat week, which did not appear In the previous statement. The stock msrket took the unfavor able showing well. Prices shaded oft slightly at first, but soon rallied and the close was the best figures of the day. The atock market opened Irregular. St. Paul, Pennsylvania, the Steel stocks and Southern Pacific were unchanged. Reading declined 1-8, Canadian Pacl flc 1-2, Smelting 8-8. Great Northern preferred 6-8 and St. Paul 3-K After rallying Union Pacific declined 5-8, Northern Paclflc gained 11-8, Brook lyn Rapid Transit 1-1; Erie 1-4 and Amalgamated 1-8. After the 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 wholly absorbed and that buying ord er# this morning could only be execut ed at advancing prices. Tho only large crowds were In Brooklyn Rapid Transit, Erls and Reading. London bought a small umount of Erie and sold some Steel common, but arbitrage brokers stated that It was hard to trade with London today be cause of the Interest shown In the b»nt race. Government bonds unchanged. Oth er bonds firm. Market pry strong. COFFEE-Roosted Arburkle’s $16.60. balk, In bacs <h barrels, I3e; green, 100 > RICE—Carolina 4K07M<*. according to rade. Market very strong. CHEESE—Fancy full cretin dslry, 14Uc twin* 14**! brick 14c. Msrket strong. PROVISIONS—Supreme bams, 16c. Dove hanie. 16*0. ayifor-- * CroM hams, 15c. bellies, 10-5 Iba, 8c; Supreme lard, S9.82V9; Red Croes, Snow Drift compound, 7%c; Red Cross, 794c. o—nunreme asms, ioc. note California hams, $9.60; Red 5c. Dry salt extra ribs, $0.6794. a, $10.60; fat Itseks, 8c; pistes. SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOCK BONDS GRAIN Ground Floor Gould Building. Dally market letter nnd market manunl mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 SCrCSCNCC, THE NCAL SANK PHONE HIT. PSUDCNTIAL BLOG CHICAGO CAR LOTS. Today. Tomor. Wheat JS 4 Ig 197 10000 Corn. Oats. Hogs. THE DRY GOODS MARKET. New York. Sept 6,-Burine*. to the dry Tli it n „Ei£ \a oftener ... ... numerous is2Si.ar'a!KBF ,, Sg r Jtrtrfl! ■mall qaeatltle* frequently. THE COTTON SEED OIL MARKET. N.^w York. Kept. I.-Tbe market for rot- nn seed oil was leu active yesterday but err steady. The recent lllwral export ,mJn.J. eitin..ted stlAOW to JMOO Kr rein, with s rotutoued good Inquiry, was [be prtnrlp.1 Influenee to the flrmaeu. Ail- vlees from tbe South .bowed no nmatire of new oil. Not mueh l» expected to the MUthesst until well to October, .ndoffer. n ,o Trx.s for September .re reported light. The fset thst the crop j. tote surf that stock, of old oil are .mull .re both Important Influence*. The market ws. e*iy at the clou, with price* 14 to &c lower.- W.re A Leiond. September. Octolwr. . November. December. . S innary. . arch. * , M Oo*4si •tcsily. Koic*. W*I»Seinl> HUBBARD BROS & CO., mSInts Atlanta Offices, 219-221 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. Phones 454. Long Distance 39. A.S. Hustace. Mgr. ~W~ 3i % Compound Interest Is the rate your money will draw If deposited In the 8AVING8 DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and Inspect our quarters and Investigate our facilities to serve you. A hearty welcome awalte you at thla bank. A8A G. CANDLER, President. W. H. PATTER80N, Vlee-Pre*. A. P. COLES, Caehler. JOHN S. OWENS, Vlca-Pres. WM. D. OWENS, Aeit. Cashier. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, President. A. E. THORNTON, Vice-President. H. T. INMAN, Vlce-Preeldent. GEO. R. DONOVAN, Caehler. JAMES 8. FLOYD, An’t Caehler. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. WM. L. PBBL. President. ROBERT F. MADDOX, Ylre President MADDOX-RUCKBR BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $800,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi annually in our Savings Department. cottonVg^ain, ^rovisiSn’sIstocks^ bonds, 8. 3 Will SI., him IvifJIi;. Mult. 6«- Mine US: few Tkrft C#ffo* ftekengr. Chlf'l• Beard of Trade. JDw Or!tm$ Cottoa ftehmQe. T^^aage. I lit mol Cttt.. SltocMMs. Sew York C of 10 fitliig, fXili wm, U H.r, Yert. Him Or/M... CJIr.,0. S. e. COIHIAl. U.o.cn Stll hoot IU1. SliaSiriptw 39L Safe Deposit Boxes For rent in our vaults in tbe basement of the Empire {Building for only $5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co.