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. THE ATLANTA GEORGIAN. (esday. snrTEJinEn 1:. non. 11 IT THE OPENING Undertone Steady on Cover ing Induced by Heavy Rains in Oklahoma. CABLES UNFAVORABLE Buying Later Was of Good Character and Prices Were Worked Up. York. So*. 1&—Bualnoea at the open- i.i of tho local cotton nmrket tbla morning 25. ictiro The undertone was ateadr^on S-’rlos Induced by heavy rains In Okln- d.. Otherwtae, however, the weather Silmn 111 the South were favorable. The nillnga of sentiment were rather bear- I",„d some of the larger abort lines were Snsesed. Ttie Now York cotton market opened a to 4 point* lower, December showing the de- Jllneof 2 points. In the first hour that op- Mm sold off to 9.11. n decline of 5 points front yesterday's close, which represented Se low price during the morning. At 11 ivtoek It was qnoteil at 9.U. oven with tho precious close. January opened * points LL-r i9 21i, nold down to 8.10,. nnd nt 11 i-ciork wa* unchanged •• compared with rMtarilnr close at 9.24. J lteDort’s of deterioration In Oklahoma are being received this morning. Liverpool wns lower than expected and wax the depressing Influence at the open- Comparative Receipt* at All U. 3. Porta Receipts nt the porta today 19,917 Same day Inst year 24,226 Decrease • •"'**' Receipts for four daya.. Same days Inst year 4.309 89,982 143.067 Decrease Receipts since September 1.. Ban if time last year.... Decrease Semi-Weekly Movement. 1906. Receipts 63,996 Shipments 43,973. 61,892 Stocks 89,604 68,782 comparison last year. Estimated Recelpta Tomorrow. 1906. 1906. .New Orleans 2.000 to 2.600 2,368 Galveston 8,000 to 9,000 12,176 Honston 9,600 to 10,600 10,624 At the close, September, on good de NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Glbert A Clny. New York, Sept I2.-Llvorpo . of ?*f«loratlnn In Te.o. and Oklahoma are being received tbla morning, ‘.fi" l;f < ;l‘. r » continue to .ell cotton think it represents short sale. The Journal of Commerce savs: ‘‘Bur* S™ disposed to go slowly for the day, and this was welcomed in many houses where it was impossible to figure out where goods are coming from to sup ply the needs of customers who have al- ready purchnaed nearly a full .apply. There was less disposition shown to push good, for delivery this year on tho part of sellers, nnd there appeared to he n prices #>° D . tone expressed regarding New Orleans, Sept. 12.—Liverpool 1%©2% down is poor. \\ns due to suow an ad vance of 1©2’ points. western forecast Indicates showers nnd cloudy weather with lower temperatures generally both tonight and Thursday. Today s map, while not altogether unfa- rprahle, ns far ns the belt Is concerned, nevertheless shows the presence of a cold wave west of the Rookies, part, If not all, of which, according to the western fore cast, should reach tho cotton belt tomor row. Liverpool cables: ’“Spinners engaged three months ahead, but mostly hedged by fu tures. Manufacturers are short, but are Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-flvo years' experience of ed iting markets In Atlanta nnd the South has made him a recognised au thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Brokers, who usually trade for the leadlm New York bear have been steady buyers nl morning. Galveston wires: “Morning papers full of deterioration reports of damnge by rain, weevil find wnrm« " weevil and worms.' Heavy rains are reported today In north Texas and the territory. Market. Is improv ing slightly in consequence. The eastern forecast indl The eastern forecast indicates generally fair weather throughout tonight with prob able scattered showers and thunder storms tomorrow. Exporters have been good buyers In this market. Tho volume or business, however, Is very small, hut the market’s undertone Is much Improved and aentlroent leans more favorably toward higher prices. A dispatch from \ oakum, DeWltt county, Texas, says: “Cotton has been coming In and being marketed as rapidly ns gathered. But few are holding their cotton." Private Wire to Ware & Leland. New York, Sept. 12.—Liverpool opened ulet 1@2 down. At 1205 p. ni., _l%$f2% lown nnd quiet; sales 7,000 spots. 3 down, «. r Fiitures dtie to come np. lower. Cotton steady on some local shorts cov erlng. in spinners’ hands in continental Europe are not ns large ns has l>eeii expected. The trade up have been apparently willing to accept in be more conservatism In face of the re- SPOT COTTON MARKET. nl III |M lvf-H VIISlITi IUIUUIII1K UpidUUB Mid; sales 7,000; American 6,100; specula tion nnd export 500; recelpta 2,000; Ameri can 1.600. Atlanta, steady nt 8%c, new. Annum, ouiiiiy in 07»v, how, .New York, quiet at 9.80e. New Orleans, steady at 9%c. ih, quiet at 9e. quiet nt Houston, steady at 9 5-16c. Memphis, quiet at 9%c. Galveston, Arm at 95>16c. Norfolk, quiet nt 9%c. Mobile, steady at 9c. t'hnrleston, quiet at fc. Wilmington, nominal. TODAY’S PORT RECEIPT8. The following table shows receipts nt the imrts today, compared with- the same day \>w Orleans. Mobile BsvHiitinh. . . 'hnriestoti. ,• Wilmington. . •rfolk. Total 8418 1720 1964 1696 INTERIOR MOVEMENT. The following table shows receipts nt the Interior towns today, compared with the same day last year: Memphis. . 8f. Lmls. Owlnnntl. 12640 8349 2508 102 WEATHER IN COtTON BELT. . T , f * ft "-sherman clondy and cool. Tyler •jj'l liaijns cloudy and pleasant. Temple P«tly oioudv ana pleasant. Fort Worth 22 r nn 0 pleasant. Belton nnd Houston rlwir and hot. ,. . TEXAS RAINFALL. bnlveaton 48 Henrietta 32 teT!-: ' kk-rmnn .. jo »*ni|»l. 52 1 ,M ,, ;l>* 1 i P|il—N.t’cb.1,'' Jackson, vickabnr, Holly Springs clear anil pleasant. Ya- 5" nif vicar and warm. Hattlctburir flornlj 01 „1 picaaapt. Merl.llan clear and 'Hi Albany partly clon/Iy unit hot. iwlntii partly cloudy and pltaaant. Tupelo H* *ni«ry partly cloudy and warm. S^w-wd. llaalebum. and Urookhaven "fr "nil hot. nAm "'"-Blrmlncham. Montgomery and W'llkn ,-ienr and warm. Selma and Mo- clenr and hot. 1 "'Mitm and Savannah clenr and IS™- Amcrlctia partly cloudy and cool. !™, nr vicar and hot. Colnmtraa partly ttr’anTwaral* Dl * W - Atl ‘ n,a p * r, ' r WEATHER in wheat belt. Jfjstrcmc ...Inu Cjjtally lower .Northwest—Partly cloudy, with ihoTe " - ' ofw temperature; 24 to 44 Xorihwf.t-Ciondy and cooler; « to 82 u'« . 2 " n ’.‘ rn ' rnlna. t Southwest—Generally .clondy ■ n .i r*" 1 wumwni-ueuerniiy cwuw \S\cX*V 6 ; Ut 74 above; general ralna 5 lt \ wh Kanina; local ralna ‘R .MlMouri nn.l Till.*im mill weather conditions and Insects, so wo have reached n turning point where tho bears, of which there aro not so many, have got to prove their bearish claims. In stead of the bulls hnvlng to prove up their realised.' New Orleans, Sopt. 12.—Cables were un favorable. Futures are down, Instead of up. ns due. and spots are small. Hero, of Lehman, Sterii Sc CtJ,. AvhO millions. Is showing the following table: ....11,200,000 7 per cent acreage Increase.. 800,001 Crop, If condition same ns last year..- .12,000,000 Add 7 per cent better condition.... 800,000 Indicated by bureau .12,800,000 ‘ Be ViSble* supply, September 1........ '900,000 Spinners’ stocks.. .. .. .; .... .. 1,200,001 ,.14,900,000 Total supply The net stock of cotton In Now Or- The amount of cotton on shipboard Is M10 bales, against 6,176 last year. WARE & LF.LAND’S DAILY COTTON LETTER. New York. Sept. 12.—Following the recent ndrnnce. there wns another setback on profit-taking and abort selling during the rnrlv trading In cotton this morning, but later on short covering and buying by pro fessionals In an effort to bring out some thing of n rally carried the market back Ip thing wlthli. _ - - level. On this ... ed to be for sale, and for some reason or other there was not the outside buying necessary to encourage operators with the stability of values that they wore willing to enlist on the long side to an extent that would absorb cotton for *aal» and carry on tho rise. Around 9.20 for De cember there wns n Inrge quantity for sale, nnd while there was nn evident do sire' to buy nn any decline, this did no be rioted does not send lu the buying orders that would support extensive crop deterioration. Report* from many sections of the cotton Iwslt Indicate can be engendered To bring a limit a bull market until after the greater Trent age of the crop has been marketed. Kir this reason, we look for a trading market without very much change In value, for a time. oV, nt least, until after frost danger Is over. THE 8UGAR MARKET. New York. Sept. 12.-The Federal Sugar Refining Company advanced Its list price* for prompt shipments 6 points to 4.»5 net, less 4 per rent for ensn. All other re fineries are attll quoting 4,80. Local raw sugar market steady and changed. London lieet mnrket firm, tember 9s 10%d. NAME OF STOCK. Amalgamated Copper Atlantic Coast Line. .. . . . American Sugar Ref. Anaconda American Locomotive.. ', do, preferred. . . . Amer. Smelting Ref. . . do, preferred. . . . Atchison . do. preferred. . . . American Cotton Oil. . Amer. Car Foundry. .. Baltimore & Ohio. . .. Brooklyn Rapid Tran.. Canadian Facific. . . . Chic. Sc Northwestern.. Chesapeake Sc Ohio. . . Colorado Fuel & Iron.. Ceutral Leather do# preferred. . . . ewe:, ui?. r 4R, w i’ t ' n : Erie. Electric.*.*. . Illinois Central. .... Amer. Ice Secnrltlee. .. Louisville Sc NasbvlUe.. Mexican Central..... Missouri Pacific. . . .. NAME OF STOCK. N. Y., Ont. Sc Western. National Lead Northern Pacific. . . . New York Central. . . - Norfolk Sc Western. • # - Pennsylvania. ...... People’s Gas, Preased Steel Car. do. preferred. . Pacific Mi Ileadini Reading Republic Steel. . . • • Rock Island do. preferred. . . * United States Rubber. do. preferred. . . • Southern Pacific. . . . Southern Railway. . . do. preferred. ... Sloss-She (field. Texas fc Pe___ Union Pacific. . . . , United Htatea Steel. do. preferred. . , Va.-Car. Chemical. , do. preferred. Western Union. Wabash do. preferred. ‘fotiil Block, ml., today 1.M8.400 ih«r.«. u m NEW YORK. The following Is the range in cotton fn- tures in New York today: Sept. . , Oct. . . Nov. ’. . Dec. . . Jan. . . Feb. . . March. IU Closed mra 8.89-91 9.00-02 9.13-14 9.20-21 9.26-28 9:36-36 9.46-48 lOSTTi 8.90-91 9.02-03 9.16-17 9.24-25 9.3042 9.39-40 9.60-51 LIVERPOOL. September. close, compared wL„ Futures opened quiet and steady. Opening Previous Range. Close. Close. ..5.17**5.15*4 6.16 6.18 .6.04 -6.08 6.03 6.06V4 ..4.98 4.99 4.99V5 .4.98 -4.97H 4-98V4 4.99 .4.99 4.98 4.99 6.00 .,4.99 -4.99*4 6.00 5.01 #v6.02 5.02 6.03 ..6.04H-5.03 6.04Mi 5.06H 6.06 6.07 .6.07^-5.06 6.07H 6.09 Oct.-Nov. • Nov.-Dec. . Dec.-Jan. . Jon.-Feb. . Feb.-March. Mareh-Aprll. dny-June. Closed barely steady. NEW ORLEANS. The following la the range In cotton fu* urea in New Orleans today: SeptTTTT. Oct Nov Dec i nn. . ’eb. . March. Ila; closed sti steady, a Tar 9.12-13 9.14-16 9.17-18 0.25-26 9.31-33 9.3849 9.52-64 NOTES ON GRAIN Pointer# on Prorlslong. Private Wire to Wore Sc Leland. i*—The wheat market at rdft y. •bowed a heavy un dertone, nnd there is nothing In sight this morning to strengthen the situation. \v»L. r # or . n an . d on** on amnll dips. .n'J’XLi* wlth "*'*I trade. It crStt’ of eonsequcuce. Chlcji* 0 Uccord. Heralrl: Dlacmiraglnf condition, were reported laet uhrht lir denl- ere In caeh wheat either for rnlUlnir. ehlp- n uir or export. For the flret time In the history of the grain trade out of Galveston, all of the warehouses there were blocked veaterdny, the Roseulmum warehouse being blocked an completely as those of the Son- tft Fe system. a On account of tho dull demand, inere was no aggressive bidding to the country - wheat, some of the grain men predicting that Duluth cargoes would ulti mately bo brought to Chicago if the current movement continued from the Interior. Export sales of Durum wheat for the crop year to date are estimated by corape- tentatithorltleai at between 3,000,0w nnd 4,- 000,000 bushels. Ftarfce continues to buy li few oats In the United States. Few stipulations aro made ns to quality and weight. The oats crop of France lx quite short. There Is also n shortage, ns compared with Inst yoar, of 20,000,000 bushel* In the oats crop of Germany. Tho oats crop of Sweden nnd northern Russia are qfaimed to he a practical failure. Northern Elevator Com* TRADING ON CURB WEAK FOR WHEAT Bulls Not Frightened Gov- eminent’s Figures on Spring Wheat. Chicago, 8ept. 12.—The grain list was quite strong with coarse cereals in the lead ns price makers. Closing prices showed wheat unchanged to better. Corn ttGttc better; oats were up WHfcc and pro visions were np 6015c. The oats situation overbalanced all else In the markets, and carried wheat and corn with It. The world’s available supply show ed Increoso of 3,876,000 buehels wheat, 988,- 000 bushels corn and 560,000 bushcla oats for the week. A Broombali, Odessa, cable 800,000 bushels, and that the reefclpts thei oats in splendid coudltlon. Valentine wns an oi>en buyer of December nnd May wheat on the advance, and It is claimed he wns nn equally free seller near the close. Tho group of northwest houses followed nbout some tactics early and late. jent on this side; Continental IW were reported He lower, by New York, louses, nnd the domestic demand very hutted. Liverpool ramie no respond to the somewhat bullish erop flgnres on the •ring crop. The senljoard reports only tree boat loads export-business. No. 2 hard for sh brokers r __ ally good demand _ chicken feed stock; dealers competing with millers and elovntors for the offerings. Cash corn was %©Hc higher, with sales of 80,000 bushels. Oats were Vk01c higher, with sales of 100, 000 bushels. At the seaboard, sales of wheat 24,000, corn 8,000 and oats 80.000. Friendly to wheat, corn and oats, sent! ment not nesrly so bearish; packer* sup porting provisions. September and Octo- Ler are good consumptive months, nnd prlco likely to be held up to Insure good cash prices. WEATHER FORECA8T. orgia, Louisiana, Mississippi East r iuildn and West Florida and Alabama- Showers Wednesday and Thursday; light ,0 Eost *Texn*-Beattered showers Wednes day and Thursday; light to fresh south' e "we.T l Tein»-Falr Wednwffay «n<l Thun. it; cooler In north portion WKlnewIaj. Arkau»n»—Hhowrr* and thund.ratonna YVcdnomlar and Thun«lnT. llllnol*—Shower, tonight and Thuradnff, Ionian..—.-rtlff cloudy tonight; abowerm and cooler lu northwest ami central por- 7. * . _a ... ixvyIap Thtirannv. tlona: ahowera nnd cooler Thuradny. 11 YVIaconaln—Shower, nnd cooler tonight, Thurwlay loir In weat; ahowera and cooler ’ # Mlnnenntn—Fair In w«t. ahowera Mat to- night.. cooler Thursday and fair. Iowa—Showers and cooler tonight and to GIBERT & CLAY . ALABAMA ftT. COT • Um, COFFEE* PROVISIONS members ATLANTA. OA. [Chicago Board of Trade. ,|LU>C>H U u ua . * *"'**'■ , r. Urerpool Cotton Aaaoclatlon i.lUaly.aton Cotton Kxchangfc u '*l and Lona DliUnoi Tol'.pHona"52981' ElCl1 * FAGAN, Mana a «r. LONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA. GEORGIA. GIBERT * CLAY'8 DAILY COTTON LETTER New Orlmna. Kept. It-Wrerpool waa allghtlr dlaappolnllng on the onentnf. proh- ably ilno to longa coy.rlng In a narrow market, although foreign new. la extremely scarce. One prominent Liverpool house co ble* that spinners wers engaged well ahead but were protected- hr rnntracts. Options In the net reaulta Inal ahout I point, while apot tramoictlona were 1 rolnta low ■ to 7,000 Iwlea. I>et«rlo, SLSt aiid buying has progressed stead ily today In the local mnrket, part of It attributed to the prominent bear leader ami ■ progressed stead- part to exporter*, who unwilling to meet the full prices asked by spot holders, find It more expedient to purchase contracts. Today’s map Is not in Itself unfavorable, wo... The wealern belt too rnnch rain, and picking In that por* tlon of the cotton iliatrtct haa town ma terially Interfered with. Nnmeroua com- plnlnta of damage to open Imlta have re- anlted. and the rnyagea of cotton deatroy- Inc Inject, aa yet ahow no algna of alnt- Ing. Altogether dlapatchea nra far leaa euconraglng, an,I only the weight of freely moving new cotton, with clear dry weather, can remore or leaaen the change la public aentlineut. COTTON 8EED OIL MARKET. New York. Kept. ll-The market for cot- ton aewl oil waa active and atrong for all ■lellrertea. September advanced to Me, Oc tober to Me, and there waa liberal trading In January. There wa, good baying l>y refining Intereafa. and It waa Intimated that compter.hie of the demand waa hny- Ing agalnat eipiirt trade. In conneetton with ahlpmenta from Jlaraelliea. Hoot wa. yen' Arm and nold at Mt4c. Xotwlthatandlug the government report on cotton, there wns very little wiling, and report, from the Konth were of moderate offcrlnca of aeed and Borne report, of unfavorable noallty The market at the cloa- wa, atmdy, with price. np. Kale, for the day agree, gated 5>fl0 lairrel,: KeptemUr Vfl •• iijlc w ■ "1 ,t Me; tb-tolier MO at Sl^c aad WJ this week are estimated at l.GOO.UX) liuab- els. A heavy ran of wheat la looked for In tho northweat. Including Mlnneapolla, Du- I.., Bn ,1 «fl Corn clatsd and hog products quiet. The seaboard reported 5 loads each of wheat and corn nnd 60,000 bushels oats. At Chicago, 7,000 bushels of wheat, 26,000 bushels of corn and 60,000 bushels of oats. rustic#n ui win nuu tw.uw uusucim ui mils, 1 1 ’rimary racelts^ of wheat 867,471 _bush- 000 bushels, compnred w] — jOO bushels, respectively. Clearances 382,000 hnshels wheat, 236,000 bushels corn and 250,000 bushels oats. CHICAGO GRAIN MARKET. for today •I in Open. WHEAT- fc: ft 76 COBN- P 69% 72 76% *s El & 1 1 1 OATS— ^1 III! Sept.. 18.67V4 MI Jan.... 7.67% SIDES— Sept... 8.70 (let.... 8.46 m 7.70 S:?5 7.87H No W - No. 2 hard winter - ; sis lift is* CHICAGO CAR LOT8. Wheat.. Corn.. .. Oats.. .. Hogs.. . PRIMARY MOVEMENT. The following figures give the primary movement of wheat and corn today: Wheat—Receipts 867,000 bushela, against 018.000 bushels last year: shipments today 6.000 bushels, against 800,000 bushels last Corn—Receipts 1.094,000 bushels, against 963.000 bushels Inst year; shipments today 454.000 bushels, ngsliAt 838,000 bushels last year. LIVERPOOL GRAIN MARKET. Wheat—Open unchanged; at 1:30 p. m., %e lower; closed %c lower. Corn—Opened unchanged; at 1:30 p. ro., %c lower; closed unchanged. CROP QUESTION STILL UNCERTAIN New York, Sept. 12.—The Sun says: The wind-up of the market waa at a small de cline. The drift of prices for a time was upward, though things even then were not altogether to a bull’s liking. But the Liver pool market was higher, the spot sales there Increased to something like their old- time volume, there wns pretty good buying here in the early business, and the weekly _ concerned, waa not quite so colorless na usual. Bulla Insist, too, that Monday’s re- * ’overnment on the condition port by the got — — of the erop la to be regarded ns a distinctly * *•! bullish document and kept in mind ns auch, Theodore Price, however, did not seem to regard it in that light, if it is true that ho sold December very heavily, nnd it wns the general understanding that he did. Not only that, but some were so bold as to any that he had become a bear for a turn. Europe nnd the Bouth sold. Room traders cheorfui and promising character, so far aa anything could be made of It And, though nn early decline was recovered and a small advance was established for a time, the ul timate direction of prices waa downward. The net decline for the day, however, wa* very small. It is likely to 6e a narrow pro fessional market for a time. More light is wanted on the crop question.—Glbert Clay. natlng, the speculative cotton mark _iay i .. „ __ the event bullish ambition laps when the -- - :h the msxl< _ be heard from before then. In fact he haa already shown part of nls hand, nnd n firmer tone In the actual cotton market has followed. Splnl Iners are spinning cotton faatar than they are buying it. Hence the argument that the inning of old commitments rather thnn news Is responsible-for tho Increasing spot troul hies of the exporter loses much of its bear ish ti aspect. Surface students of the staple persistently Ignore the new era Influences that challenge the speculator's every more by making manipulation more difficult through the development of Individual and orce anr least.-’ Ware Sc Leland. $2,000,000 GOLD ENGAGED. New York, Bept. 12.—Hetdclhnck, Ichel helroer Sc Co. announce that they have eu gaged 82,000,000 gold In London for Import. NORTHWEST CAR8. The following figures give the northwest cars of today, last week and laat^year^ ^ Today. Week. Year. Minneapolis 272 97 666 Duluth. 206 242 132 SOUTHERN EXCHANGE Oldeat Established Offlco South. conos STOCKS BONDS GRAIN Ground Floor Oould Building. Dally market letter and markat manual mailed on application. L J. ANDERSON & CO Bankers and Brokers, COTTON. STOCKS, GRAIN Correspondent's Capital $250,000 REFERENCE. THE NEAL DANK PHONE MIT. PRUDENTIAL BLOG and 509 •; poremilW «» it **?.. ■ngcvm.iwr ... 30H*\ 100 St 39%C and 200 at Me; January 600 at *>%c and 800 at 31c and May 100 at 82c anil 100 at 22%c.—Ware k Inland. Opening. Ctoelnr Hepletnber* . . .... . J7 r VtL New Orient. COTTON^GRAm, ^ROVISIO^StOCKS^BONDS, Mo. 2 Wall St., Peters Batiding, Atlanlt, 6a. UtUBlRS: for fart Caffs* tachaaqe. It* Orleans Colton Ischange. ,—... Lhereec! Colton Association. Mew York Coffee hchango. Prlsate Wires to Mew York, Maw Orleans, Chicago. B. C COTHMAM, Mauser. — — Standard Phono 2 Chicago Board ot Trado. Bell Phone 120. TIPS FLASHED From Wall Street Private Wire to Glbert & Clay. Now York, Bept. 12.—It Is needless to say the attitude of large Interests must con tinue to he friendly'to the security list, and recent reductions in dividends of mi nor industrials should not he taken nt more than their real Importance. The Loudon market evidences further selling, nnd our market may reflect this influence during the early trading. London cables: “Reliable information Is that the Bank of France has arranged with the Bnnk of England to supply gold to America.” New York market looks lower temporarily. Big operators sold stocks yesterday. The New York Financial Bureau any*: De velopment* over flight Indicate the advlsa- hlllty of maintaining the neutral position still. Dally operators ought to consider the wisdom of lightening their loads. Purchases on any breaks are strongly recommended, nnd specialties will be put up, according to our news. Profit-taking on the money new* shows thHt the large Interests do not ex pect “distributive ense’’ for some time. But the enormous prosperity and the strongly bullish fuudnraeutals Increasing prohibit s l»ear market, and we anticipate higher prh-cs later on. In the interim the possi bilities are uncertain for the dally operator who will do well to he extremely conserva tive, and would not Ignore moderate re turns. There la n great den! of manipulation going on. nnd the professionalism hereto fore dominant Is assuming the ascendancy, so that quick changes are not unlikely. Private Wire to Ware Sc Lelnnd. New York, Sept. 12.—London heavy and lower. It Is fully expected that the bank rate will be raised tomorrow. The sending ef United States warships to Havana brings the Cuban question Into prominence and Is a bearish factor. Look for further liquidation, and while rallies may appear, think they should be taken advantage of to sell on. A few specialties may be brought to the front, hut the mnrket displays henrluess and certainly would only buy them on «wrp breaks and for turns ouly. Dow-Jonos’ summary; American stocks In London heavy, % to % lielow parity. .First car through Pennsylvania North river tunnel today, a year ahead of time. Cuban disturbances continue. Steel rail mills now making shipments •t rate of 300,000 tons a month. Directors of Rubber Goods soy no possi bility of dividend on common stock this year. Some demand for stocks In loan crowd. London settlement proceeding satlsfactor- By. Chances are strong that Bank of England will ndvnnce Ita rate tomorrow. Seventy-two roads for July show an arer- ■ge net Increase of 17.75 per cent Nine roads for the flrst week In Septem ber ahow ou average gross increase of 16.25 per cent. of n,ne principal crops of the united States nt price of December options, r&7 n »000° U Kovernment cro P report. Is "Gold engagements against deposits and already In transit totnl 120,000.000. Further gold engagement expected today. Southern Railway earnings first week ol September Increased 870,022. Twelre Industrials declined 1.02 psr cent Twenty active railroads declined .1 cent TONE WAS WEAK Turned Strong Immediately and Many Material Gains Made. IN LEADING ISSUES No News of Definite Charac ter, But Stories Deals Were Revived. .22 per CROP CONDITIONS ARE IMPROVING Special to The (leorglnn. Newberry, S. C., Sept. U.—The ex' ceeelVe rains during August played havoc with the cotton and com In this section, much of the fleecy staple rot ting and sprouting in the holla. Since the sun has been shining during the post ten daya, however, the crop con ditions eeem to be greatly Improved. It Is the general opinion that a larger and better crop will bo made than at flrst predicted. New York, Sept. U.—London sent over a lower rangu of prices nml unld ntc-k. here at the opening. General expectation, were that the Bank of Knglnnd would increase Its discount rate; tomorrow. Tak ing It. cue from London, the mnrket to ny opened lower. There was h feeble ■ •.By, ami the reaction wa. resumed. Bond ing being one of the conspicuously heavy stock.. For the first Mae In erterid dura there wa. on the wny down wlmt 1» mninflv railed good buying, nnd after the first hour the general Hat rallied. There wns nn at tempt to hid np prlees, and while there was buying of certain stocks by the same Interests that were active In the recent advance, the principal support came from the reontremants of the room short Inter, eat. All money waa freely offered nt tho . legal .rate. In the gold Importing situa tion, the most Interesting news was the re. I port that the Hank of Prance would re- lensc gold for shipment to America In or- I doc to reduce the drain on the Bank «f i i-lnghuul. The hardening tendency of the ■ stuck market continued after the first hour of trading. After the weak opening In the stock mar ket, trading was slow nnd liesltntlng for some time, hut later the tone became strong and at the end of the first hour I many material gains were established lu ; the leading Issues. London sold about 30.- 000 shares In the early trading. After this , selling was exhausted, there wns little ' supply In sight, while good having was ap parent all over the room. There wns no news of a definite character, hut stories of deni announcements, were ranved and found many believers. Commission houses were moderate sellers on tha recovery., tfi the first hour, nnd brokern for Inrge west ern operators and Important bnnklug Inter, ests were aggressive buyers. tlovernment bonds unchanged. Other bonds steady. f LONDON 8TOCK MARKET. Chic., Mil. and St Fanl.... Erie .. Illinois Central Louisville and Nashville.. Reading Pennsylvania Southern Pacific.. .. *.. Union Pacific. (IIIIUII A UVilli' «• Unitofl States Steel do. preferred 106% 277% 2*0 108% 103% 176H 177 175‘-x 17V% 47%' 4#«: 173 173% 148% 150% 140 143' 140 141% 91% 91% 19)% 192% 45% 46% l'*•,% L. J, ANDERSON A CO.’S DAILY COTTON LETTER. New York, ket opened 1 forelcn cables did not warrant this weak ness. Aftsr the opening, there was short tendency* Reports from the belt continue Ito contain complaints of deterioration on account of wet weather, boll worms, wee vil, etc., bnt the trade la very skeptical of damage reports from the South. They have learned to retard them aa colored to suit the situation. However, the weather weather. An area of vnlls over the Texas territory and low temperature to around freezing is Just atiove. Shorts aro hedualnt to be quite nerrous over the outlook and sentiment Is l>eeomln|r more bullish, it would ouly cause quit THE DRY GOODS MARKET. New York, Sent. 12.—The dry mar- ... —jpoftag to proceed slowly. The restriction In pro duction caused by the shortage- of labor In the mills has brought about an scute condition In many lines of goods, notably, glnghnnis. bleached sheetings and other common fabric.. Cotton yarns on the coars er numbers nre steadier. The largest known Individual sale of prints to Manila was made tbla week, and amounted to 600 caaea. THE COFFEE MARKET. New York, 8ept. 12.—The coffee mnrkot opened steady at unchanged prices to n decline of 6 points as a result of rather disappointing cables sud small receipts, while the absence of any further ■dvtcea tending to confirm the minors published yesterday of progress In valorization »f. fairs was also a feature disappointing to some of yesterday’s buyers and promot ing scattered liquidation. On the other hand, fresh bullish news was at hand re garding new crop prospects.—Glbert & Clny. Tho following table gives tho opening range and close, compared with yesterday * close: Opening. Previous Range. Close. Close. 6*804.86 fi.656.70 6.854.96 6.704» . ..8.96 6.804.S5 7.00-7.06 7.10 .. . .7.16 .. ....7.20 7.30-7.26 January February. . March April my June., «* .. .. . July * .. August, .. .... • September.. .. .. OetolieP. . . • . November December.. .. «. . Closed steady. 6.684.70 .. ,.6.634.75 6.76 6.554.90 ' 6.904.96 - 6.93-7.00 f 7.00-7.06 . 7.017 l<» 6.404.45 6.454.50 ABC6.R6 6.656.6) THE LIVE 8T0CK MARKET. Chicago, Sept It.—Hogs—Estimated re- eelpts today 25,000. Market steady; hulk $SjHOe.25; left orer 2.937; light hoes 86.iop ‘red $>'.v 1/6,68; heavy $5.35'fjfi.4<i; .35C8.70; pig* $o.fir,fl<f.46; yorkers ; good to choice he Cattle—Estimated receipts 29,000. M steady to lOe lower: quality fair; 1 83.7MJ1W; cow. $1.26CHl»; heiferi 6.26: calves I6.50C8; *0od prime ste 6 ntX’ Ws: Sheep—Receipts 22,600. Market stendy: • inallty fair: native |%2S66.7D; western $3 2o /5.70; yearlings 85.70476.60; lambs 34.7n^ ^ ' $4. TOT* 5 •' ,16; western 34.70fyH.15. Frank Hawkins, President. , . ^ _ .. H. M. Atkinson, V. P. TtiomaaC. Erwin. A.at. Caabl.r, 1 • n. W. Dj.ri, A.it. c.abler. B* n. auiuavu* vs t • Joaepb A. McCord, CasM-r. Third National Bank Capital Surplus $200,000.00. $300,000.00. Dr. A. W. Calbnnn. Milton Darnn. DIRECTORSi j. II. NunuftOy. Frank Hawkins. J. Carroll Payne. II. M. Atkinson. E. B. Bosser. Joseph A. McCord. David Woodward. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. 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 be without one. We invite you to call and inspect them Title Guarantee and Trust Co