The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 12, 1906, Image 11

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THE ATLANTA GEORGIAN. mas atcra HOT OPEIIIt Cotton Started Steady add Unchanged to 3 Points Higher. SUPPORT INCREASED An Advance to More Normal Basis with Other Side Followed. NEWS AND GOSSIP Ot the Fleecy Staple. Print* Wire (n filbert & Clny. Kept. U.—Liverpool *t 13:30 The market does not respond to the buy* log following the bureau report, as the con* vlctlou prevails that the crop Is doing well. Liverpool cables: “Continent and Egypt bought. Think bureau discounted and that the market will be lower If crop accounts continue good.” i ft*!* mail orders weroTe Edited by Joseph B. Lively Mr. Lively’s twenty-five years’ experience of ed^ ltlng markets InAtlanta and the South has made him a recognized au thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS j uwii uruen were re ceived In nearly all the houses and there W^Klers Placed. Iu keeping with the jtractlcu which has nrevitfled f« Htnnll flew York, Sept. 11.—The opening of the local cotton market today was a disappointment to the bulls. It opened unchanged to 8 points higher. Sub aequently, however, support Increased and prices advanced to a mors normal baals with the other Bide. Lower Wall street was credited with the heaviest selling. Crop and weather news favored the bears, If anything. After opening unchanged to 4 points hldur. and n slight decline Inter cotton for future delivery wns moved up to about | points nltore yesterday's Closing. The weather report wns » little better than ex. ^Trnd'e was dull anil devoid of Interest. Estimated receipts tomorrow: 1906. 1906. yew Orleans 3.500 to 6,000 7« gSSV.v.*:: :$«>tSlo$o as The close was steady at unchanged to 3 points decline. SPOT COTTON MARKET. Liverpool—Demand for spot cotton fair, with prices Arm. Middling uplands 6.64<1. faifs In.OOO. American 9,200. Speculation and •xiMirt 800, receipts 5,000, American 4,600. Atlanta-Steady, 8%c (new). New York-Quiet, 9.80. New Orleans—Firm. 9Ue. Hsvniinah—Steady,.9 15-16. Augusta—Steady, 944c. Memphis, quiet, 9%. Galveston Ann, 96*16. Baltimore, nominal, 944* Norfolk, quiet, 9ft. Mobile steady. 9. 8t. Louis, quiet, 044. TODAY’S PORT RECEIPTS. The following table shows receipts at th« ports today, compared with the same day lest year: Now Orleans. Galveston. . . Mobile Savannah. . . I’hsrleston. . . Wilmington. • Norfolk. . . . New York. . . Boston. . . . Total. . 3113. 18170 1626 4579 If l —-s- has pi tong time buyers ordered ... amount.. but nstwl for quick dollvcrlca. rim bulk of many mail, ranted to dninvi goods or to good, on which quicker sl'di incuts wore requeued. It I. dear enough that the country 1 , mocks nre not lu tho ■torsliouwi of tha mills or tlielr selling IdxiKirtor, nre buying contract# In Ibis market, being unable to procure spots. Now York wires us: "Liverpool wires trade nervous; looks much higher." Today’s map Is not so favorable, rains having generally fallen over the western belt, while scattered showers hnve also oc curred iu eastern states. Farther reports of damage would not In* surprising, and, t father with slightly better thau exp * Llverpopl, should result in a steady higher market. To keep market down New York should ■end more selling-orders instead of bo much bearish dope. western forecast indicates scattered show ers and thunder storms throughout both today and tomorrow. Ixx»k» like Dallas and Waco selling. They are already short and only Increasing their short f East< night t _ .. slsslppl. For _ nnd tomorrow. Private Wire to Ware A Leland. Vnn' Vnstr Um.l 11 I Futures due to come 8 to 7 up. The New York cotton market opei nlwmt as expected on Liverpool cables. Wiggins sold considerable December i January, presumably for Carpenter. Behlll and commission houses good buyt Liverpool bought some cotton here. Ueve market can be bought on soft sp for the present. New Orleans. Bept. 11.—Liverpool at 7 Is a full response. Was due 6 points ___ Spot sales of 10,000 bales at an advance of 9 points Is a satisfactory feature. A dispatch from Victoria. Tex., says * NEW YORK. id m The following Is the range In cotton fu- „i turea In New lork today: d *. 1 S 5 5 11 1 II f' &ept t* Oct Not. .... P Dec. .... P; Jan .. March. . . . • Mnjr. . . . I.T1 Eg 9.06 T4 2* 9.26 9.3S 9.43 9.52 Tf5 |J| 9.22 9.37 9.44 9.55 Mo 8.85 n 9.22 9.:c. 9.:/. 9.47 8.70 9. * i 9.16 M4 9.35 9.X* 9.61 mm ,f t'lored atenrty. 17801 1736 1608 2604 INTERIOR MOVEMENT. Yhe following table shows receipts at tha Interior towns today, compared with tbs Mine dsy last years WEATHER IN COTTON BELT. Tejnu-Tyler dear and line. . Bberman minim: hard. Houston eloady and pleasant. Fort Worth heavy rain. Dallas partly r|ot»l.r nnd ~ * nfternoon. tun cloudy exceed Inst year's yield. Over one-half the crop has already been gathered." Craig ft Co., wire from New York. "Think sinners' more than offsets bullish construction of tho condition report, poet lower market." New Orleans, Bept. 11.—Cables are favora ble. Perhaps they are beter than due when the lienrtsbuess of the sinners' report Is considered. Hales of f,000 spots are a very favorable feature. Too much rain Is shown over Texas. Otherwise the weather map Is favorable. New Orleans, Bept. 11.—The market Is very dull. Scalpers are short for a turn, but sentiment Is more bullish on the whole than it has Iwen for some time. The weath er forecast for tomorrow Is bad. and there Is a good demand for spots. These are fea tures that ought to cause a temporary ad vance anyway. Carpeiitcr Is here and Is reported to be selling cotton freely through several bouses, but the market stands it well. The market !a easy under rather ffee of ferings from ring scalpers. The Impression Is that MeFadden Is selling. The net stock of cotton lu New Ot Is 16,026 bales, against 44,715 last year. The amount of. rotton shipboard Is 6,163 ni Heavy rain. jiauas parity 1 nlonsant: light rain yesterday Temple cloudy and foggy. Bel aud hot. Ban Antonio cloudy _ rain and Yasoo Meridian dear Hattiesburg partly cloudy and Alabama—Birmingham clear and warm. Opelika Hour and hot. Montgomery nnd Tmy clear nnd pleasant Mobile and Selma dear and warm. WEATHER Tn WHEAT BELT. Extreme Northwest—Clear; S3 to S3 above. Northwest—Generally cloudy: 44 to «0 •!»ve; general rains South Dakota and Minnesota. West and Southwest—Generally clear; 64 to 74 alone; local rains In Nebraska. Ohio Valley-dear; 68 to 74 above; show ers nt Nashville. WEATHER FORECAST., slant. Alabama nnd Mis wed thunderstorms Tuesday day; light, rnrtnhle winds. . . Georgia. Eastern Florida nncf Western Florida—Generally fair Tuesday and Wed* neslny; light variable winds. East Texas—Occasional thunderstorms Tuesday ami 4Vcdnesdsy; light to fresn «outh winds. Western Texas—Fair ln_ the south _nnd •flower* In north cooler i portion Tuesday nnd Wed* Wednesday lu the north THE COFFEE MARKET. New York. Hept. 11.—The eofTee market opened steady St an advance of 5010 points ind Increased the gain to a matter of 150 ® points during the forenoon on covering of slmrts ami a renewal of bull support, which wns encouraged by the further re ports regarding the valorization plan. It ►fined from the number of private cnbles P'7‘1'ed. some of them varying In detail, •nt nil to sulHitantlally the same effect.— Other* a- day.' Following la th» opening range and doae Jt^the New York coffee market for to- Opening January.. ,, , February.. March JPrtI .. p»y * Jane July ' Aagtiat.. ,, ** .* Jyi'ten»!»er.. 7. Detoher.. . November.. ,, Itei’fiiilter.. l lo **d steady. 6.75 6.864.90 6.P0 7.60 7.06-7.10 7.10 7.10 6.B 6.454.50 6.504.56 6.904.96 6.96-7.00 7.06-7.10 7.10-7.15 7.16-7.20 7.20-7.25 7.25-7.30 6.664.66 6.604.65 6.(54.70 6.764.80 New York, Bept. 11.—There was constdern lde uncertainty In trade circles over the re ception of the figures Issued by the agricul tural department yesterday. Aa la gener ally known, the decline In cotton from around 1044c to 9c has thus far failed to stimulate aggressive baying of a kind that would chnnge the character of the cotton market. Many regarded It probable that some Influence might be exerted by the present report and new buyers of such volume would l>e found as would nhsorh the floating supply and carry on an advance In the future market. But this morning the Kouth seemed to l>e soiling rather than buying, nml this whs a very discouraging feature for thorn* who looked for a contin ued rise on short covering aud more general buying, lu fact, nt times prices ran off very easily, and the advance seemed to be more the r«*ult of professional buying than anything else. As we stated yesterday, on every advance now the Hoath will tie found a seller of cotton. While the figures may not Indicate overproduction. It must not tie forgotten that there Is now growing some 11,000,000 or 12,000,000 bales or cotton, and the South has this for sale. The market Is likely to lie a good scalping affair for some time to come, with fluctuations above and below the present level. L. J. ANDER80N & CO.’S DAILY COTTON LETTER New York, Bept. ll.-COTTON-Llverpool endeavored to help the bulls out this morning nnd took 8,000 hales nt nn advance of 9 points, also futures rose 844 and 9 points, which wns better than due, but the big beara oaid, "Nay, we are not ready for prices to advance/* Hence New York refused to respond, nnd dragged around all morning at about yesterday’s closing prices Uslng.past crops as a guide and comparing "with the largest of them all we cannot flguro more than 11,260,000 bale* from yesterday’a condition figures, yet the lienr crowd nre able out of that showing to derive a crop of 12,250,000 or 13,000,000 I tales. The government figures yesterday, 77.3, show a condition 9 per cent poorer than the same time In the big crop year nnd the acreage planted la 10 per cent less. By figuring this out It will be, seen, that the Indicated yield Is 11.296,145 bales, pro- vliletl the season Is equally as favornbh* for the balance of the time. Every bale of this crop Is going to Im* needed nnd the spin ners nre picking up some cheap cotton at these prices. ’ LIVE STOCK MARKET. Chicago. Bept. 11.—Hogs—Estimated re ceipts today 22,000 Market stow; 5 to lOc * - -inllty fair; left over 3,738; Jmlk lower; quality fair: left over 3,718; bulk $5.9006.35; estimated for tomorrow 30.000; light bogs $6.1506.9); • B, l5 < 3LA?*S8: heavy $5.2606.40; rough $5.3505.70; pigs 1.6806,45; jrtwkers $8.660160; good to choice S*ttl*Bstlnu»tod receipts 12,000 Market ♦toady to a shade lower: quality fair: beeves $3.8006.86; cows $1.2504.30; heifers $£40di5.30; calves $5.6008; rgdprtmr steer. $5 80f<6.85; p«»or to medium $3JO05.29; stock ps and feeders $3.2504.25. Hbecp—Estimated receipts Market steady; quality fair; native 332S05..J; western $3.2505.70; yearlings $5.7006.35; lambs $4.7508.15; western $4.7508.15. GI BERT & CLAY <• t ALABAMA AT. STOCKS. BONDS, COTTON. CRAIN. COFFEE. PROVISIONS MEMBERS. ATLANTA. OA Istal and Lena Diitanc. Tslsphone »W Urn-aoD AJVM..W ’ 55?&8t' E,Cb,n ^ ". FAGAN. Mananas. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. NAME. OF STOCK. A inn Ign mn t vd" Copper.. Atlantic Coast Line. .. American Bugnr Kef. Anaconda. American Locomotive.. do, preferred. . . . Amor. Smelting Kef. . do, preferred. . . • Atchison do. preferred. ... American Cotton OIL . Amor. Car Foundry. .• Baltimore & Ohio. . .. Brooklyn Rapid Tran.. CnnndlHii Pacific. . . • Chic. A Northwestern.. Chesapeake A- Ohio. . . Colorado Fuel & Iron.. t’hle. ft Great 4Vest*n. Chic.. MB. & St. P. . . Delaware A Hudson. General Electric. . • . Illinois Central Amor. Ice Securities. .. Louisville k Nashville.. NAME OF STOCK. N. Y., Ont. & Western* National Lead Northern Pacific. . . . • New York Central. . . Norfolk & 4Vestern. .. Pennsylvania People’s Gas . Pressed Steel Car, . . do. preferred. . , , Pacific Mall. ...••• Rending • , Republic Steel Rock Inland. ...... da preferred United States Robber. , da preferred. . . . , do. preferred. . . Bloss-Bheffleld. . . . Teuu. Coat & Iron. . Texas ft Pacific. . . . Union Pacific. . . United States Steel, da preferred. »» uUllu. ....*•« do. preferred. • Wisconsin Centra!, da preferred. , today 1,071,900 sharolT" TIPS FLASHED From Wall Street Stock markei m :<*i 24V4 ii-VMI* I* LIVERPOOL. close; Bept. ...» Sept.-Oct . • « Oct.-Nov. • , • Nov.-Dee* . • • Dec.-Jan. . • Jan.-Feb. . , . Feb.-Mch. . . . Meh. 1 -April . • Aprll-May • • May-Juno . , , Closed quiet. Opening. Previous Range. Clone. Close. .5.18 -5.17 5.18 5.11 .6.03 -5.09U 5.05H 4.98 4 a u a Low 1 II .1 u .4.97 -4.99% .4.99V4 .499 -5.02 .6.01 -6.04U .5.06 -6.06Vi .5.06 *5.09 .5.00 4.99ft 4.93 4.99 4.92ft 6.00 493V 5.01 Zg 5.03 497 5.05ft 4.90ft 5.07 6.01V 5.09 6.03 ^FTTF: Nov. . , . . Dec Jan Feji March. . . May. . . . Ml 9.17 9.29 9.33 9 t 43 9.11 9.17 *9*si iifi 9.:l: 9.43 6.ll iAA o.u 9.23 9.34 9.11 £5 9.25 9.33 Mi 9.09 9.12-13 •9.14-16 9.17-18 9.25-26 9.31-33 9.S49 9.52-54 9.10 9.14-16 9.16-1$ 9.19-20 9.27-28 9.33-35 9.41-42 9.64-56 NOTES ON GRAIN Pointers on Provisions. be «.R Private Wire to Glbert & Clay. * ™-'-'ngo, Bent. 11.—The government re in wheat will not give the bears any _ eucourngement. but la most likely to Induce covering of. shorts. The corn figures are about as expected. Indicating a cron equal or little over Inst year's. While this fa bearish, present low prices are equal to low prices of last year, rather discount the also of the crop and not likely to encourage further bear ef forts. Tho oats figures look bullish. Cannot bel; feeling we shall eeo some recovery round. Believe we shall see a covering movement on fairly Jlb«ra[ scale. Oats are showing Thera Valentine buying May and December wheat. Chicago Becord-Herald: Despite the ex cellent trade reported In cash meats nnd lard stocks here decreased 60,000 tierces. Last week's exports of lard, however, were quite gratifying. Private Wire to Ware A Leland. Chicago, Sept. 11.—The wheat market still has general debility. Home of our local traders are becoming bullish on corn. The ticker says corn trade light. L— nett l>ought a little Ma** corn. Crowd led on restlug orders. , . . . , Provision list opened about 6c lower. 4Yeaker hog market at yards and genera! commission house selling feature. The buy- big wns beaded bv tha National Packing Company, which bought lard; also some orders that looked like packers, by several commission houses. Valentine Is back In town and a buyhr _/ wheat. He has taken 250,000 bushels of May and December. Offerings not largo at moment. _ ... cud.br Packing Comtwnr »llln* Janunrjr ha lb rough coumlMlon houac. Market Chicago lntcr-Orean: Contract atockalo Chicago: Wheat J.KS.TO, corn 78,SM, oat, ’Total - ■ tuck. In cteratore In Chicago: Wheat 18,889,000, corn 1.13,000, ont, «,878,000. The output of all Chicago packing bonjea ha, grown grcatlr during the lay **>lrtr Uar,. and, according to an authority. th« •ale, of all product, are now bock where they were before the agitation laat apring. Tho export, of one of the largeat packing houses fell off » to 10 per cenf for article, which do not repreaent more than 8 to It per cent of It,, total hnalncaa. It la th. opinion that tha'packer, will h»v. the hat year for earning! In their history. Thl. la ; ho explanation for the recent strength In S A**Urerpool houae cable.: Houthoo.tern European corn crop prospect* continue ex- cedent, and while crop climate, are un doubtedly tary much ei.gger.ted there I. no doubt th.t bumper crop, are likely to Iw secured, and that tha export aurplu, will exceed that of any former reawin. Jonea and Ing I, har. covercl IJr. corn atotc. and any Ir the halanco of tho crop la the name In the territory they have entered the crop will be 8,000,0M,000 hn.hela, and prnhnhly more. A DTPtjyP-Tt who *iaa been throngh Indiana ami Ohio aaya h. ha» found rery few Held, that will ** 00 hu.hela to th* nerj.and1 pn«rw«l K"» hu.hela and Otar. Ordinarily corn In Ohth nnd eastern Indiana I, cut nml ,hoeke.| nud n very amall p<>rcentnge of It la Hupped. AlHint 25 per cent of the farm land In the territory covered U In corn, which average, 70 huahela to the acre. Private reporta from abroad were very tienriah on corn and onti. A llamhnrg letter Mid there would be no bnMncM front tha 1'nlte.l State In oats thl, year, c the ller- man crop I, a large one and of good quality- Iteport, on corn confirm previous advice* of large offering, from the Ihmobian conn- '"watson wan a large buyer of whnt In M Mlnncilo!l/rin7nn5f‘that foreigner, were offering to rccll durom wheat liougbt m cently nt 6c a bushel, higher. GIBERT A CLAY'S DAILY COTTON LETTER WHEAT OPENED Took on a Fair Degree of Firmness Soon Aft er Start. Chicago, Sept. 11.—Prices were well sustained In the wheat pit, where the resting spot* showed advances of 1-80 3-8c for the day In wheat. Corn and oats were not fully held up tn th* top prices, the former clos ing l-401-2c higher and the latter was up 9-401 l-4e. Hog products were unchanged. Cash sales of wheat here were mod- srats; likewise at the eeaboard^ Sea board reports 3 loads wheat; 1 load of corn and 80,000 bushels oats. At Chicago there were 65,000 bushels wheat, 70.000 corn and 55,000 oats. Primary receipts of wheat 1,162,000 bushels and corn 154,600 bushels, com pared with 853,185 and 786,000 bushels, respectively, a year ago. Clearances 200,000 bushels wheat, 15,000 bushels corn and no oats. CHICAGO GRAIN MARKET. for today follow: Open. WHEAT- Hcpt. . . . 6946 liPl k is 1 I Jah. . .12.9244 12. LARD— Kept. . . 8.45 Oct. . .. 8.52)4 Jnn. , 7.5244 BIDES- Kept. . . 8.50 Oct. . .. 5.2744 Jan. . . 6.9244 CASH WHEAT— New Orleans, Kept. lL-f.lverpool cable* Indicated that the market'. Improvement was dae to buying for Egyptian and eontl- nentnl Interest., «nd one More* of Inform*' tlon wn# of th# opinion that the bureau hail Iteen dlaeounted nnd that a lower market would follow. Options eloaed 6 to 7 polnta higher, while IneLaaed activity marked the .toy s trading In .pots, ala sggregntlng 10,ho lei, * points higher. ..... A large portion of the trade contends that too mooh ■tree* has been told upon the liearlah napeet of the ginning flgnrni. The elalm to nn.de that the eomparetlrely large amount of eotton ginned to September I does aot neeeaorily foreahndnw a bumper ylehl, hut that In reality the toteneea of the crop, eleewhere than Texaa. la made elearly evident by the email nnmber, rela- lively apes king, of aetlve glna operated nnd the fart that the total glnnlnga In Texaa alone were over two-third* of the grou amount reetmled. ... Today's market woe Bare of Intereatlng -at urea. Ei|H>rtera were reported a a grid ..nyera of eontrarta, they Indng unable to proenre epot eotton, lint the trading for the moat part wne attributed to the aralplug element. However, a notable Improvement ha* oernrred In the market's undertone, for aa long aa no favorable rrup reporta are re ceived and the weather remains wet aud unfavorable for plrklug It does not appear probable that any marked derllur wIR nc. , 70*71: No. : >.. «S44«®44. CHICAGO CAR LOT8. What.. Corn.. Oats.. * Hogs.. PRIMARY MOVEMENT. The following i.gnrea give the primary movement of wheat nnd eorn: Wheat-Receipt* today 1,182,060 huahela, against 858.000 huahela last year. Hhlnmenta today 404.000 huahela, against 328,000 huahela '('ore—Receipts for today 788.000 Imshela. against 786.000 bushels last year. Shipments today 446,000 huahela. against 511,500 huahela tost year. NEW ORLEANS. today: WEEKLY WEATHER AND CROP REPORT Alabama—The walker was partly clondy with frequent scattered showers and nar- ly normal temneratnres. Italns were locally excessive on theSth and 5th and caused some damage In the northastern part of the atate. The weather was wnrmcat on the 4th ami coolat during the latter part of the week. Arkansas Th. mean temperature wna about normal. The precipitation wna above the noimnl In northern counties anil below In moat southern counties. Ilaln la needed In somo southern aunties and clear, sun- shiny weather la needed In mat northern countlea. Georgia—The mean temperature was from 2 to 4 degree* above the normal. The pro* clpltatlon was generally light and unevenly distributed, none occurring In portions of some eastern countlea. Heavy rain occur, red In western enmities on tho 6th and 5th. Louisiana—Light, scattered ahowers oc- .."■re* 1 , very fay and In l few localities the rainfall wm heavy nnd generally lielow the normal. The temperature was almve norma and the annahluo about the normal. rd-TAere was much cloudy and ... ther. The temperature waa uni form, averaging from 2 to S degrees aliore tlia normal. Showers wijra frequent, hut very unevenly distributed, being generally heavy In the central and southwestern counties and light In the northeastern and southwest conn ties. North Carolina—Generally the weather was fair and pleasant. Thunderstorms were general on the Id. The ralhfall was about the; normal; the mean temperature w«» allghtly above th enorval. Oklahoma and Indian Territory—Tha mean temperature was slightly above nor mal, nnd the precipitation was consider ably above the normal. The forepart of the week was cloudy with light to copious showers. The latter part was clear and warm. South Carolina—The mean temperature aa above the normal. The precipltntior was below the normal except In the ex treme northwestern portion. There wai ample sunshine. Easterly winds piv ailed, Texas—Hhowera occurred dally, being lost numerous during the forepart of t*“ week. The rainfall was exceadve, «xc«. In the, aouthweatarn extreme counties, where It waa below the nornutl. The mean temperature waa normal or slightly above normal In northern and eastern countlea and below normal In tha anuthwestern countlea The wat weather has caused dan was warm and I degree* above tho normal. ~ *rr variable, being heavies. . »d western counties, where I iceeatve. waa locally SOUTHERN EXCHANGE Oldast Established Office South. COTTON STOCKS BONDS GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital 1250,000 REFERENCE. THE NEAL BANK PHONE 1417. PRUDENTIAL BLOG cottonYgra:^, Provisions,^tocks^bonds, haw Var» Ctltaa fitjia Htw Orion, Colls, firtaagi. Criraoo 5/otlr tnkim, llrtryool Collo. Snoilihoo. How for» Coltot f«c{aa»fc Pririlt Wtrit It Htw fort, Mn Orfiaai, Ctlcags. *. C COTHMAM. Mittaw. ill Fiom 1242. Slia4ir4«#l Cbleago Board of Trsfe Private Wire to Glbert & Clay. New York, 8ept. 1L—Daniel Odell k Co.: Would buy stocks on weakness. When the money situation becomes thoroughly clear we may see further advance, but until then wn expect a trading market. Marshall. Spader & Co.: Unless today’s market departs radically from a conserva tive forecast It should show strength in nearly all directions. The advance In Cop per metal and the action of these shares recently suggests a strong speculative move ment having for Iti basis the possible In crease In dividend. The coaler* appear un der much the same Influence, nnd local, traction stocks promise activity. Talk of 7 per cent Atchison nnd strongl market may carry It higher. Prefer Erie,, Rending, New York Central nnd Copper. The New York Financial Bureau says: Ds-< velopments over night do not Indicate any change from the polley of specialty !m-' provement which appear* to be driving up. new lenders nnd turning from tho old, horses. Wo would maintain a neutral posi tion nnd carefully watch efforts we saw yes terday to let out a little stnok on the good news In Issues which lunve licen bulled by the large Interests vigorously nnd which, must have long accounts* of considerable. ils general policy, rons-vrn- . . will, wo believe, give very- good results. Tho point to remember K that the fundamentals ntre simply Irreslstb I>I6 as regards higher prices ns soon ns th** beWeee fhcjr inortdc us with funds nt .. rate reasonable enough to rarry on n bread bull market. They may come Inter on. We can see no reason for a real bear market, but we could understand ft raid on tho pres ent list. The glgnntii' hnr\*’Ht mul tli*- eimr- "'"I 1 i*r«*inlsi'si| mean that selon- tlfle farming will preclude ony bad years wo have experienced In the past. Trading for tilic Day Was of an Eminently Profes- > sional Character. {A CALL MOlfTEY EASIER Attitude 'of - the Bull Leaders Continued To Be a Passive One. A 'Bi such ,,, ^ Be cautious for the present nnd do ndt neg lect fair returns Would buy stocks In on weak,spots and put out on bulges. TThink Steel preferred, Canadian Pacific and Mis souri Pacific will eventually go higher. Just a little profit taking going on. which seems to be catching some 'stop orders. Humors of an extra dividend com ing on Air Brake, and buying of it Is said to ba based on this ansumptUon. Wrenn Bros, are selling stocks all around the room. Oates said to be heavy seller Steels. Private to Ware A Leland. New York, Bept. 11.—London shows small advances In Americana, hut tho general market la heavy on expectation of a rise In the hank rate. More gold will be Imported. Thin):, how ever, that money will hold rather stiffly for tome days. Bullish talk la as prevaleut ns oj er, but as regards the high priced stocks, believe some caution should he exercised, and vould only buy then on sharp brcitks. It Is a question ns to whe’ter Atchison will go on a 6 per cent basis or not, and under the circumstances tho stock looka bore 110, _ not positive as to whether flteel will show any Improvement, nnd while senti ment la bullish on all ateel grouni, would think It advisable to accept profitu on ad vances. Gates people are bullish on iColorado{ Fuel, Republic Steel and DlitlllenA Dow-Jones Summary: American shocks ln$ .ondon Irregular mostly 1-301-2 above* -imini nrf now ior ubh ihcuuui, mnrk'-t generally heavy and low- l 1 ' er, fearing advance In bank rato on Tlhurs-. ~ London expects further gold engagements for New York today. Republicans win In Maine, but with much, Htuced plurality. Martial law rfroclalmed over lari riMlueed plurality, im Martlaf Jaw jTroclalmed over InrgeL. Cuba and amnesty proclamation withdrawn. New* York, Se/»t. II.—The stock market to* day displayed n reactionary tendency al most from thf stnrt. The trading was of emlnentlje-professlonal character, and. us the professionals were [bearish, the prices reflected their operations. Tho nttJtuis of the bull le.tders r . n passive IVfr r.. ssxuinoiy of the undesirability the of boosting storks nt/ih room qpec JIntora enorigh selling sto«'ks. The government crop report was reedted ns a njritter of course, and dls- nforded by the tenders. Similarly nd«U- tlonal engagement/, of gold Iu London did not stimulate tlu» market In the slightest during the forem/m. Call money |onm*l at 60® per ceut, w^ith renewals nt 6 per e«*nt, but many rumors of calling of loans be tween rertaln 1/iuks. New York, : 'Kept. 11.—The stock mar ket opened 1*Tegular. Brooklyn Rapid 'Transit wan/up 3-8 In all and Louisville nnd Nashv/lle was up 3-8. Smelting was off 1-2^; Southern railway, 1-4, and Reading L-8. Union Pacific lost 5-8 In all. OMorado Fuel nnd .Anaconda, unrhangre . Atchison lost 1-2 net. As usual,, when thi* sentiment is bearish there wetfj many more or less ilepresslng rumors, alie of ilicin being n serious hitch In the Great Northerli-United States Steel- nre ileal. The Western contingent was jic- tlve oil 'the selling side, and though from time to .time there were Blight rallies the trend wat downward. After a demonstration of strength In the early dmlb'X* the market became weak, nml prices for the greater part of th hour moved downward. There disturbing gossip nJ»out another hitch in otnpnnled the drop iq the ore oral that Great Not»thern trading element Ing ele turned to the bt parent liA'k of support. Loudon Sltout 20,'MJ0 shares. Governments unchanged. Other 1 regular. COTTON 8EED OIL MARKET. Now Y'ork. Sept. 11.- ton seed oil was very nulet hut There avos some buying of Octo vember. but the ilisposition to wait for the government report on cotton Influcm-cd operations considerably. The fact that the South Is not offering new oil freely had quite a little Influence on sentiment, but on the other hand a Inrge cron of cotton, in excess of 12.000,000 bales, would mean a big «T"p "f seed, nil stocks, however, are so ‘ that the entire consumption for the venr will hnve to be out of new oil. The •market at the rinse was (inlet, with prices unchanged to l-4c lower. Snles for the day aggregated 1.800 barrels. October T/m at i more serious this year than ■ oeiore. tlrty-nlno roads for the fourth week fin imrt of$[ 1-eland. September. October. . , November. , Decemliers . Jnnunry. . March. for »o per cent. Deposits $7,875,000 arranged against gold Imports. Government crop report shows condition, of corn 90.3, against 68 last month nnd 81 3 or. ten ywir average. Indicated crop 2,-. beat crop 759,671.000 bai els. Twelve Industrials advance .06. Twenty active railroads advanced • .04. LIVERPOOL GRAIN MARKET. liny. ...... Closed steady. •OH. Opening. Closing. . . . . 37V.?j.Ta 37Vs0%8ta . . . aV/s'H:M*i 31 WM'A, ... 31 031 Yt 31Va032 . . . . 30*4030*4 31 03H* , . . . CO'/jb:: 30*4031'.* . . . 31 031^4 31 Vi'S32 . . . 3184032*4 32 032% Sales, 1*800 December ut changed to H lower; closed unchanged to Hi lower. Corn opened unchanged; 1:30 p. m., *4 ower to unchanged; closed unctmugcd to fe ower. NORTHWEST CARS* The following figures give the northwests ears today, Inst week and last year: ^ Laat Last' Today. Week. Year, Minneapolis , 307 239 443 1 GATES PARTY SELLIXG New York, Sept 11.—It wns reported todny that the Gates party was selling. Thla party has turned on tho market, if such rumors Is true, f<>r they were bullish this morning, advising the pur chase of Union Pacific, Erie, Reading, Brooklyn Rapid Transit, Steels, Fuel nml Distilleries. It Is reported this afternoon that n large amount of com mission house traders have been sell ing out long holdings. They are dis gusted with the failure of the market to bull. TRY A WANT AD IN THE GEORGIAN ATLANTA NATIONAL BANK ATLANTA. GA. C. B. CURRIER, Pr**ld*nt. A. E. THORNTON, Vle,Pr..ldent. H. T. INMAN, Vlo.-Pr.»ldent. GEO. R. DONOVAN, Ca.hler. JAJV1ES 8. FLOYD, Aia'ttCashlar. Capital $500,000.00 Surplus and Undivided Profilts $500,000.00 We Solicit YourlPatronage. V HUBBARD BROS & CO, COTTON 9 MERCHANTS Atlanta Office*. 219-221 Century Building. Member* New York Cotton Exchange. New Or lean* Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof- foe Exchange, New York Produce Exchange. Business iolicited forthe above exchanges. Direct wire service. Correspondence Invited. Phones 454, Long Distance 39. A.S. Hustace, ' MADDOX-RUCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS i^ND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi annually in our Savings Department. Safe Deposit Boxes For rent in our vaults in the basement of the Empire [Building for only $5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co.