Newspaper Page Text
THE ATLANTA GEORGIAN.
THURSDAY, RBPTB5IDEH I* 130s.
11
III THE.
g eav y Sales of Spot in Liv
erpool Was a Sustain -
iug Influence.
SPOT IS IN ,DEMAND
The South Is Offering Spar
ingly and Stiff Prices
Are Asked.
Sept. IS.—The local cotton
'vet opened utently. There war an active
Sew York.
Wfirket op^nOtl mrmi;. 4.unr nna tiia mine
EiI.o for Oetoher from ehort Intereeta.
Oemnioi > . . .1,„ l.iver.
enhlea from.the l.iver.
iDorket, nilvni
, |,-erpool at the opening tvn* about *■ ex.
J^ieit thin mornlnr. Improvement liesan,
Cnrever. iiiimmllately after the opening.
•Snota were nnchanriKl nt 5.61. hot anlea
inereneed to 15,MO,, whleh wna the fa
vorable feature.
On t.lvefpool e ahonin* New York waa
m ahow uneluingert. prleea nt the open-
ins Initial prleea, however, were 6 to 7
H.liita lietter: ami no Liverpool gnlneil In
ilrenalli an the aoaalon presreoaeU the clone
.h,.well an advance miiKlng from 414 to 714
nolnta. the tone In New York atrennttieml
at 11 o'clock the advance bad reached
n |„ it polnta over yeaterdajr'a clone.
\>wa from the crop In Texan waa the
dominant factor. In that advlcra from that
aeeilen atnted that the crop wna In had
shape from rnlna and crop-destroylug in
"tmnml the noon hour there was a alight
Mellon on heavy selling |>y floor traders
•ml spot Interests lu effort* to check
advance. The undertone, however,
lleadv. prices living sustained by n good
dpmnhd for spot cotton, the South offering
«|uirinsl.v.
Receipts nt all V. H. ports today 51.150
game day last year..
Receipts for live days 111,002
game days last year 177,111
Receipts since September ] IS
game time last year 36
Decrease 170,716
Estimated Receipts Tomorrow.
1906. 1906.
Kew Orleans 5.100 to 3,000 1,394
Galveston 13.000 to 14,000 10,995
Houston 9,800 to 10,600 10,327
r. Ii. Freeman, New Y'ork, sends out
the following "flash:" ‘T’rlce aavs lie os-
man*. tin* total planing up to Heptemlier
I In he 1,500.000, ngainst 5.3M.000 up to Hep.
wilier 1:’. Inst year. Although It la said
rn' that he la buying, we do not see nny
rldenre of It."
Trailing wna dull In the afternoon, the
me wns steady, the clone lielng within
i3 points of the highest, net 11015 points
SPOT con ON MARKET.
NEWS AND GOSSIP
Of tho Fleecy Staple.
Private Wire to Wore & Uelnnil.
nnAn^f iSP** W.—Liverpool futures
opened qtriet nna nnehnugetl on the near
J 11 *} ^ "P lute. At 12:15 p. tn., unohnugotl
^ ‘!S WU eJI U ?»'* 7.060 spots; un-
changed nt 6.51d. Futures due to come un*
chntiffed to lli down.
Cotton opened higher on good rabies, frith
fnir wmmiMlon house demand, which nb-
*°<T* * X°T n °9ferihgp. Undertone good.
t.fT O^leuns Is buying some cotton here.
!■ ft good buyer of January. Weld
selling Octolter.
and Dick Bros, good buy
On r pen ter, Bagget A Co. sny: “We nre
fnnt coining to the point where the price
nnd mu rket for the notunl staple must fur-
nlsh the luisls for the option market, nud
with the holding tendency of the planter
futures should work to n more natural
parity with the marketable stuff. Alto
gether present conditions favor prices work
ing up, nnd we would favor operation* on
the long side.'*
New Orleans. Sept. 13.-llenry M. Neill,
the well kuowu cotton buyer nml eminent
cotton crop statistician. died yesterday
evening nt 6 o'clock, the result of being
struck by a street eur nt noon.
The opinion' among some brokers here Is
thnt exporters who are short of cotton for
September shipment nre covering In the
Liverpool spot market.
The market Is nervous and wants to go
up. but It hns no wild strength. What
looks like a ball clique here must have ac
quired large holdings of long cottou In the
last day or two Ju an attempt to advance
the market.
. The net stock of cotton In New Orleans
I» 1MOO bales ngnlnts 46,427 St this time
shipboard Is
year.
. ----- been received
from Tom B. Oweus A Co.. Fort Worth,
Tex.: “For the past month we have had rain
after rnlu through north, northwest, west
ern nml central Texas. The early cotton
ns a rule had abundance of fruit ou It.
which hns lieeit- badly Injured by weevil nml
worm. The late cotton Is all gone to stalk
nml will make nothing comparatively. Will
•ay, never In our experience have we seen
our own agents
* * >. It look*
Edited'by
Joseph B. Lively
MARKETS
Mr. Llrsly's twenty-five
years' experience of ed
iting markets In Atlanta
and the South has made
him a recognised au
thority In his specialty.
TIPS FLASHED
From Wall Street.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
say, never In our experl
such deterioration. Fro_
nnd from other sources reliable,
and the
nt the middle of
Texas crop hns
The situation
treme."
roniiauo. ’
of Hepteml
ins not lw«
to us looks
serious in the ox
er of a cold wave Is passing, but more rain
a promised.
Although some min Is shown
Private Wire to Glhert A Clay.
New York, Kept. 13.-LI
lower; due about 1 down
December.
Liverpool cables: “Market sustained by
Weld a good
advance.
The persistence of the reports of dete
Inrntloir In Texas encourages covering — J
living for n turn.
The revision committee hns made
changes In the grades.
Wall street houses nre nil covering shorts.
Journal of Commerce: “The steady pur
chdslng of good* In small lots explains *“
large measure the ability of sellers
_ Id prices firm lu the face of pressi
being exerted by some Jobbers who nre
short of goods. This kind of buying In sat
isfactory to those merchants who wish to
r, and any other kind
e for the moment, un
less operators are willing to engage goods
for delivery months ahead.'*
ns
R -
i
E
!
II
1
g
& few; :
xov... .
n- >»«
in J**
Fell
h« March. . . .
a- Mny
Cloned ste
8.91
8.95
9.11
9.19
9.27
’9.41
9.56
8.91
9.03
9.13
9.88
9.33
”9.48
9.61
Ml
£■
9.11
9.19
9.27
”9.40
9.63
8.91
»:»
9.25
Ml
‘£47
9.61
mm
9.00-01
9 J 2-14
9.24-25
9.32-33
9.38-40
9.47-48
9.58-59
S.R0-K2
6.S9-91
9.0002
9.13-14
9.20-21
9.26-28
9.86 36
9.46-48
Mverpool, eottoa, spot hnslness moder
ate. with prices unchanged; middling up-
lamb 5.51*1; sales 12.000; Amerlcnn 8,WO;
•perulntlou and export 1,600; receipts 2,-
ft nil American.
Atlanta, quiet at 9)fto.
New York, quiet at 8.80c: sales 600 con-
Motpllon; delivered on contract 100.
New Orleans, firm at 8 6-16c.
nule. ... ...
Boston, quiet at 8c.
Hairston, ateady at 96-16c.
Wilmington, steady at 8c.
Memphis, quiet at 9tyc.
Galveston, steady at 9 5-16c.
Mobile, steady at 91-16c.
Norfolk, steady nt Wftc.
TODAY'S PORT RECEIPT8.
Th«- following table shown receipts at the
"rt* ti*day, compared with the same day
i»t year:
New Oricana.
Galveston. . . ,
Mobile
fevniiiinh.. . .
Htarleston. . ,
Wilmington. .
Norfolk
Boston. . . . .
s
4
12182
2018
3146
2042
interior MOVEMENT.
The following table shows receipts at the
interior towns today, compared with the
»«»*• time Inst year:
visa I tie to follow the decline because the
South Is dear nud much above parity; spin
ners are anxious."
New Y’ork wires: “Bears still hammering
Weld selling October."
The YVestern forecast Indicates partly
.Jar.
A dispatch from Temple, Tex., says
“Italn Is an every-day occurrence here now,
It having showered heavily for the past five
consecutive days. There has practically
month did much damage. Mnde crop I
Wnxnhatchle to Corsicana, good crop r
tlcully assured. No dnmngc so far from
weevil lu this section, hut have appeared;
means no chance top crop. Texas need*
D 1 weather nml plenty of It—uecds
y. Movement light.”
Houston
Augusta. ,
Memphis.
Total.
12315
14818
ware & lfland’s
, daily cotton letter.
.... '," rk * **Pt. 18.—An effort w*i
Jj J" lirrak the raarkrt Jmt prior fo
2* to"' "iRlit, nml It waa cxpecteil thnt
EE 1 "' ,w pm on LltVrpoot thin
,«#i . I ' lll “ pressure turned to nupport,
tlm*- in
•*d more rapidly than nt nny
week*. On the rise, stop-loss
^ , , encountered, nml ahorta cov-
volume thnt the whole tnnr-
w .. n r fo * row octiv* In this dtr and
• * ' 1 ’ri«iin« as the morning wore on until
tiffh, \ or T IM,n,e 12BU |M>lnta over Inat
fr „ n,ur « «»f the trading wna that
JJ^stton fur sale aeemeil to lie all ale
and though very aggressive meas-
r e taken to prevent an advance,
arm „„ i l< ‘ , l t hP* ■nd the market ahowwl n
na nniiertone throughout the day. Oi>ern-
n , n . n tnore extended tcale, and
JJT improved demand for cotton from trade
while it did aot attract general
buying, nevertheless crentiul
‘tnand for futures t»> change
. weak tone of conalderalrte
JZFf An extensive satisfied short In-
\ V certain directions Is now a men-
n»: nn '' *hould prices advance much fur-
Sit l t donhtrul whether this Interest
iJi” r "J^ntrtlned without coveHng.
or u,.- circumstances, cotton seems to
purchase on soft spots.
GIBERT A CLAY'8 DAILY
COTTON LETTER
New Orlenus. 8ept. 23.—The Improvement
and well maintained snot demand, resulting
In sales today of 12,000 bales nt unchanged
prices, was n distinct feature of the for
eign market. Optloua rinsed nt an advnuee
of 7 points for near posltlou*, while the hnl
nnee of the list was 4 to B points hh * ~
fables were bullish, nnd were of the opl
thnt the decline should not be followed too
far.
No analysis of market conditions shouh
eliminate the fundamentals of supply an<
demand, hut In making prices now for the
rear It must be done with a very Imperfect
knowledge of these fundamentals. At thl«
time of the year when the new crop Is In
the mskliig. Influences naturally devolve
i the character of the weather. Three
ks ago pi
*r better
rlod of time
clrcuiuatnncea sufficient to diminish mate-
rlnlly thi* optimum thru unralllug. The
triinapoaltlou of aentliuont la not a ronvul-
... lint nevertbolexn a
oluuute Indloatlva nt lonat thnt the germ of
liellef bna fouint linlxuient auiuewbem. If
prleea >,4 rent a pounil higher were ]natlfle<l
a mouth ago. when little. If nnythlng.. hml
oeeurriKl to mar exlntlug hrllllant proepeeU,
there a-onlil lie little iloulit of their correet-
nr,a now, when delerlorottnn la known, and
whleh even tho uiont akeptlenl admit. The
luferenee to lie drawn from the gorern-
ment’a llguren of glnnlnga to the firm of
Heptemlier I, thnt tile iwtton In the enrly
■eetlon hnn rnpldly found Itt wny to market,
nnd thin In n nienmire neeountn for the mar-
ket'a imwllllngnea to renpond to the nrgu-
memo In Ita favor. There doea exist, how
ever, an exrrllrnt deinnnd for eotton, nnd
the full priori nekinl by holders alone nre.
vent* a anllnfnrtory adjustment of a trailing
lianla. YVhnt, then, may Im- the logtenl de-
dnetlon to be drown from these Infereueen’
Namely, thin, that the teudrney of the
market for the near future nhonld lie up
ward until either the nuiouiit of damage re
ported u proren overestimated or thnt the
aupnly of eotton abonld more than prove
auffleleut to fulflll needyl reqnlrementa
PRICE CURRENT CROP REPORT.
Cliirlnnnll, Hept. II—Week favorable for
corn, lint with continued good wenther.
Anal reanlta will likely ahow yield, aliove
Inat year. Plowing, ninklnggoo-l progress.
Parking .775,000, ngalnit 570,000 a year ago.
ATLANTA, OA,
GIBERT & CLAY
•« * ALABAMA «T. COTTOH
coffee, provision*
P TDir” Cotton KSSfffv" SSSsT
*« York Exchange.INcw Orlrom KSri of TriSe-lualveaton Cotton Uxchangw
Ue »l an* Lana DliUnon Tolephono"S298. 1 BxctaB ^; n. FAGAN. Mananar.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
NAME OF STOCK.
Anaconda. . .........
American Locomotive.* • • .
do, preferred
Anier. Smelting lief. ....
. do, preferred. ......
Atchlsou. .
do, preferred. ... • • .
Amerlcnn Cotton OU
Anier. Car Foundry
Baltimore Sc Ohio. ......
Brooklyn ltspld Tran.* • • •
Canadian J'sclflc.
t hlc. a Northwestern..' • • .
Chesapeake A Ohio
Colorado Fuel A Iron
Central Leather
do, preferred. ......
Ch]c. & Great'YVest'n. • • .
£h c., Mil. A Ht. V
Dfb*ware A 11 in!son. .....
Distiller's Securities .
Erie , .
do, preferred. .... • . .
Cfneral Electric
Illinois Central. ...... ,
Amer. Ice Heeurltlea
Louisville A Nashville.. • . .
Mexican Central
Missouri Pacific.
NAME OF STOCK.
N. Y., Ont. A Western.
National Leud
Northern Pacific. . . .
New Y’ork Central. . .
Norfolk A Western. . .
Pennsylvania
People's Gas. ......
Pressed Steel Car. . .
do. preferred. . . •
Pacific Mail
Reading «
Republic Steel. . • . • -
United States Rubber.
do. preferred. . . •
Southern Pacific. . . .
Southern Railway. . .
do. preferred. . . •
Sloss-Sheffleld. ....
Tenn. Coni A Iron. , • *
Texas A Pacific
Union Pacific. .......
United States Steel. . .
do. preferred. . • • .
Vs.-Car. Chemical. . • ,
do. preferred. . • • .
Western Unlou. . . . • .
Wabash . ,
do. preferred.
Total stock sales todny 1,078,200 shares.
NEW YORK*.
?»*• «» *»«»» ft"
LIVERPOOL.
The following table gives the opening
range and close, compared with yesterday’s
close:
Futures opened quiet and steady.
Opening Previous
Range. Close. Close.
September 5.15 -5.15)4 5.22)4 5.15
SeM.^Jct 5.04 -6.038 §.10 6.03
L *.* .*
Oct.-Nov.
Nov.-Dec.
Dec.-Jan. „
Jan.-Feb. .
Fell.-March.
Mnrch-Aprll.
Anrll-May. .
5.04)4 —
-4.86)4 5.04 4.98)4
..4.99 *5.00 5.04)4 4 99
.5.00 -4.99 6.05 5.00
.5.02 5.07 5.02
.5.06 5.09 5.04)4
NOTES ON-GRAIN
Pointers on Provlslfang.
gain, lu atanillnvas. It also rnlna In frlomU,
ami the buying laiwer Is luvranalng "
day to day. A good advnaco I. di
to bold their wheat us shown by tlsc furiu
Corn nnd oats still look good.
Harriett, Frailer tc Carrington are buy
rn of wheat through Itrokera.
Sentiment rather bullish all along the
grain list this morning, nnd locals went
after them from the opening.
Mluuenpolla stocks wheat decrease 575,
O00 for live days.
There Is a sharp call for Heptemlier
. .aril from brokers and big general call for
Dciitcmher corn from brokers and lilg gen
oral call for May by commlsslou liouaea,
locals leading; offerings scanty. Cold
weather, but cloudy, has not relieved the
fears of tho trade that tome of the crop
will be caught, a, fair wenther la pre
dicted for tomorrow.
by Itankln.
Tarket now ate
rmTiminin uriu i« •» ■•h.mu
maud for cash meats good. Dockers buy
ing. I'ork Is higher on commission bousa
buying. Hiiuiller packers aold lard mod
erately. .Market looks higher.
Cudahy brokers selling October l«rd.
Good cash reported for lard nud meats.
Prlvnta Wire to Olliert ft Clay.
Chicago, Hept. U—Wheat la boding Ita
early advnuee fairly well. General Tolume
of fiuslnesa IlghL . ■ .
Provisions opened higher on the higher
igs nml on good w*nttere< buying by
. .niiinluton liouat'.. The Oetolwr Inrd that
wna for aalc nt 3.10 yesterday has been nb-
aorbed tUls nioruing. John Cudahy Is liny-
S-jSrS'^srAas?«
pointing. l*oth as to qngltty and jrlelil.
Are" eovered by report* so far reeelved not
large, but come* from luxation* where
early Indications pointed to biimper yb-Ma.
More or lean short semng or Janunry
provisions la being done on the theory of
low-priced corn at the end of the year.
SPOT DEMAND
IS INCREASING
triding decline. There la just enough strength
In the amit altnnrion to offset sonic lienrlsb
fenturea whleh affect the .languid apeeuln-
Sou ln futures. Home -'S' 1 ! 1 '® '".is ITOi
the stringency of money here and »t the
South. Miinf ulci hvr# to cotton, il»e
fnvorabla wonther and apparvntlj tlw* ou-
poiiltlon of Th*Hxlore Prlco and wme of hi*
follower* ar« otatltlN to any decided ad-
vanee But when It cornea to the actual
deniand for.the real cott-mth;. trttnatlon I.
different. Not much difference, to be aure.
from what It haa been, but still there ara 1
■oinn alirii* of an Increasing demand for
rite actual staple. Neither the foreign nor
the domestic spinner seems to be quite so
Indifferent ss he was before the government
retmrt was Issued on Mondsy. t ertslnlv
the spot transaction* In IJverpool have ,uiD
denly inerenseil, the spot demand at the
Routn la rmiorted larger and report* nrr
enrrant that the Honthem planter show* a
dlspoaltlon to hold hack his eotton. That
the cotton goods trade I* prpaperona on
liotli sides of the water la well known. If
anything shonld happen to the crop we may
look to aee a audden Increase lu the demand
o7V. actual cotton andano lerasmlden
Increase In the dealr* on the part of shorts
anilnthers to hoy fntures. Bnt f« r Jh-
time being the cotton apeeolatlon. It must
lie owned, la a pretty tame affalr.-Olbert
Clay.
rrnt SSTS: .iruurr
nor the crop weather outlook favored th»
abort, hut New York operator* sold enough
contracts locally to ottact tlm encn*rhiiioiit
of bullish aehtlment as a prtee maklng fac
tor. However, the program ha* been nl-
ti-red to an extent, for IJonthcrn shorts la
sonic Instancea erldenee signs of uneaalneaa,
the rnuse ihensif la'lng found largely In the
telegraphic advices from trustworthy per
sons at anch Interior mot markets u
Hhrereport. Natehe* and llonston. the auli-
Joined living a fair sample: "I nalile to Imy
a bale so far: territory tributary to this
town must have all the aborts In the world.
Merrbnuta are getting 9 to 914c for.every-
"t'iLh speculative Interest make* It* np-
K ara nre on rare ooenalons only. The pro-
Mtonnl requires more llfhl, the outsider
more encouragement. Bulla fear the Octo
ber movement. Hears do not Ilk* the stiff
prices Interior spot hnyera are compelled to
r— »•—»fc* «♦»«*■■ «« *••* *ingslde
Tare A
Iceland. ______
LIVE STOCK MARKET.
4Tileaffo. Dept. 13.—Hoes— Estimated re
ceipts today 18.W0. Market beat atron/c:
others 5«: higher; quality fair; left over
7.220; bulk ErniUS; estimate*! reeelnfa for
tomorrow 15.000; llirht bogs 86.2086.6^)4;
gomTlo choice heavy fegiefcCM.
| 82.8366.25’ calves 85.60
. ynod prime steers t5..Y0©6.89: poor to me
dium fl*>85.25; stackers and feeders 12.25#
45.
gjsep ffatfjpateg receipts 18,000. Market
stesdy; qnallty fslr; natives 83.2S<65.I6;
western V2S41S.6S:
Ismtis fl-WraiA- w«V»-«rs »478#aiOc
steady.
NEW ORLEANS.
...» .—lowing la the rangt
turea In New ilrlenna today:
tr
Nov.
Dec*
Jan. .
Feb. .
March.
Mu;
w.
■f- • • •
Closed sti
9.47
51571
iteuJy.
Ill
rs
9.23-24
r
9.36-r
9.41-43
9.49-50
9.61-62
inm
9.12-13
9.14-16
9.17-18
9.26-27
9.32-34
Ks 10
9.63-65
WHEAT OPENED
A LITTLE HIGHER
Commission Houses Good
*
Buyers, While Selling
Was Scattered.
by the May option. Exporters reported bus-
I ness In grain us dull. Corn closed )4#%c
better. Oats were up 44#%c. Provisions 50
n ».h“SlX.ta steady, with oats fraction
ally higher. Cash sales here 25,000 bush
els wheat. 110,000 bushels corn and 95,-
000 bushels oats.
Ten loads wheat at the seaboard; three
loads corn and 100,000 bushels oats.
Primary receipts of wheat 823,000 bush
els; a year ago 1,047,0001 bushels. Corn 689,-
000; n year ago 450,000 bushels.
Clearances were 595,000 bushels wheat.
240.000 bushels corn and 44,000 bushel* of
oats.
CHICAGO GRAIN MARKET.
P a jf*
I. ail
1 f 1
_ If .. .
if n m
8.35 8.97*4 (.1
S:S?h 5
i«
No. 3
LIVERPOOL GRAIN MARKET.
ner; at i:m p. m..
closed nncbnnged
)4c higher; closed 1
PRIMARY MOVEMENT.
The following flgnre. give tha primary
mnrement of wheat and core today;
Wheat—Becolpra K3.W0 buahcla. against
1.047.0W liuahda last year: •hl|iments 334.-
000 buahela, agaluat 631,000 buibela last
^Offi^Bmelpta .650.000. Ij».he.. i , u . g lm ! t
lumhcl* last year,
NORTHWE8T CAR8.
The following flgurea give Ih* northwest
ears of today, Taat week and last year:
Laat Last
Todny. Week. Year.
. 20! im 454
Wheat.
fora..
Data..
Hog...
CHICAGO CAR LOT8.
T0 Sf r - TOm 6? r
:::::::::::::: S »
18000 20U00
STOCKS REVIEWED
BY NEW YORK SUN
New Y’ork, Sept. 13.—'The Hun says: For
the first half hour of business yesterday tho
stock market was depressed by a resumi
tlon of Tuesday's selling movement, ‘whlrL,
however, did not seem to Ih» so much In tho
nature of liquidation ns of speculative op
erations for the decline. Tlie ease with
which offerings of stocks were taken led
finally to some buying for the purpose of
recovering stocks previously sold when It
wns discovered, ns close observers of the
market had
little stock tl
rent level of prices.
The history of the day’s market thereafter
was only thnt of an advance which Itegnn
at first In the Shape of n slow hardening,
but ended In eager and excited buying,
without an exception, every active stork
the prominent stocks made gains of more
than 2 points. The strength of Union P
clflc and So“ A **— •*—
anything
although ..—w.............w...
now commonly appreciated by everybody In
tho financial district were given ns u rea
son for the rise. It wns pointed out of
course In the case of Union Pacific that
the stock will sell on Friday with Its new
seiiil-nmiual dividend of 5 ner cent deducted
from Ita price, which would at the low quo-
tatlon made In tho forenoon make the price
of tho stock seem pretty low for an estab
lished 10 per cent dividend payer, nnd to a
•omewhat lesser degree the Mine argument
was used In the cnae of Honthem Pacific,
although the forthcoming dividend on this
stock will not l»e taken off until October 1.—
Olbert A Clay. Y
COTTON 8EEP OIL MARKET.
New York. Hept. 13,-The mnrket for oil
was dull and steady. Orders were not In
evidence, and both buyers and sellers ap
peared to lie waiting developments. Tho
hesitation lu the cotton market, and un
certainty an to the also of the crop, ap
peared fo he the factora. Another element
of heaviness Is the prospects for n big
com crop, and with the lnrgs com crop,
— f hofi n||d ! «
wns easier, i
ported on call totaled only^hoo barrels,
being 100 of October at 3l%c and 100 of
December at 31e.—Ware A !*eland.
Opening. Clotli
Heptemlier.
October. .
Novemlier.
Decemlier.
January. . . .
March
ctmnl •toady.
SOUTHEDN EXCHANGE
Oldest Katabllnhed Office South.
COnON—STOCKS BONDS GRAIN
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application.
Private Wire to Olliert A Clay.
' New York. Kept. 13.—Marshall, Spader -
Co.; This niornlng'H trading should lie on
strong lines, and It Is consistent to ex
pect strength In the coalers nnd truuk
lines. Some special price movement Is
noted lii Missouri Pacific, Rubber .Goods,
Texas'nirifie nnd Brooklyn Rapid Tran
sit. Etrulug reports are of a kind to
promote strength In these shares.
Bank of England rate advanced to 4 per
cent. This was expected.
Look for further Improvement today, bnt
would only buy on weak spots.
..Looks like Southern Pacific and Union
Pacific will lend the mnrket. Don’t see
nnvthlug special this morning, though.
London cables: “French gold assured.
Hank of England rate Increased to 4 per
“ent."
Bank of France stipulated shonld be llm«
Ited to 4 per cent.
The New Y’ork Financial Bureau snyg
»’he scarcity of stocks when bidding —
indices after a decline shows the II
tlon of liquidation. Information Is bullish
and hns continued so. We would ‘ un
qualifiedly lie for a big bull market, with
money permitting, but can not conscient
iously recommend It with the money mnr
ket ns It Is Just now, though money relief
Is strong. The Bank of England evl-
dently does not wish to lose more gold
by Its action today, bnt we think Europs
will have to deliver more goods liefore
finishing. Stocks that return well now or
prospectively on the Investment are lieliif
ahsotited bje shrewd men fo hold for Invest*,
ment, hut speculation turns only occur In
reasonable length
ceiling 6 per cent, we believe the reserve
buying power would simply take the list
from the hands of the large Interests and
the manipulation now tnnnlfc *
ifest would die*
Private Wire to Ware A Letnnfl.
New Y’ork. Kept. 13.—London mixed.
Advance In hank rate to 4 per cent wns
handy unexpected, and may be the fore
runner of a higher rate during the coming
week.
Bunkers will have to look to Paris for
gold, and $15,000,000 to $20,000,000 may !h>
stocks, Hteels and Coppers with
hlllty of a big advance In Hnieltera. A fe
verish nnd unsettled mnrket can be ex
pected, and on sharp advances would take
profits on long stocks nnd would only buy
them when sham breaks materialize.
Bullish talk fa heard on Norfolk and
Western, Reading and the 8/>la»
Dow-Jonea' summary:
Americau stocks In London Irregular, with
some strength In Ht. Paul.
Bank rate advanced to 4 per cent.
Gross business of United States Bteel
mnv reach $700,000,000 In current year.
Export deinnnd for copper continues
brisk.
United Htntes warship arrives at Havana,
where situation Is considered more —
rlous.
First trip mnde through Pennsylvania
North River tunnel.
Home demand for stocks In loan crowd.
Wabash reports heaviest car movement
In Its history.
Twenty-two roads for*first week, of Ben-
tember show a gross Increase of 12.99
per cent.
Further engagements expected.
Twelve Industrials advauced 1.8
l
C< Twonty active railroads advanced 1.66
per cent
LONDON 8TOCK MARKET
RTOCK8-
Auncoudn..
Atchison
'unadlan Pacific,
•hie.. Mil. and St. Paul..
Erie
Illinois Central
.oulsvllle and Nashville. .
lending
union l'scmc. . .. ••
United Htntes Steel. . .
*». preferred
THE 8UQAR MARKET.
New York. 8ep% 13.—The domestic nnd
refined local sugar mnrketa unchanged.
London beets firm; Peptoml*er 10a; October
10s %d.
BUYING ORDERS
WEBEJE RULE
Resulted in Many Sharp Ad
vances in the First
Few Minutes.
TOOK PROFITS LATER
While Pool Manipulation
and Buying by Bankers
Caused Irregularity.
New Y’ork, Sept. 11—The advance In the
Bnuk of Englnud discount rate from WP
4 per cent was In line with the more fa
vorable anticipations of the financial com
munity. Its effect had plainly been realised
before hand lu the rise which occurred pre
vious to today In the open market money
rates. The security markets mere, there
fore, prepared to take the view thin morn
ing that the action taken might Imvo
been worst ami the comparatively moder
ate advances which the directors saw fit
to make was a sign thnt they did not
regard the money outvie with any serious
alarm. Two million dollars more k°1<1 was
taken In London for shipment to this
country, nml this comprised practically nil
the news. Amerlcsu stocks, however, were
generally higher abroad, nnd opantious f<>r
the rise were accordingly renewed at the
log here with considerable euthu-
I. After the first half hour, during
which advances were general, the market
Itecnme more Irregular, nnd It wns evi
dence Hint under cover of the general good
reeling occasioned liv the turn in the
money situation stocks were being freely
distributed.
The stock mnrket wns full of buying or
ders nt the opening on which advances
were made on many shares In the find few
minutes. In the Inter trading realizing
ales, pool manipulation and bankers buy-
ng for special purposes caused mixed
aoreuients. and tha market for the greater
•art of the first hour wna Irregular.
. Southern Pacific made n new high record,
advancing to 94%c. The Hill stocks nnd
the Steel Issues were active on the belief
thnt some definite announcement regarding
the ore deni will be made when Judge
Gary arrives In this city. London sold
about 25,000 shares lu this market In the
early trading.
Government bonds unchanged.
Other bonds steady.
THE COFFEE MARKET.
cables and reports of rains In Bra
sil. Trading wns quite active on the call,
nnd there were hulllsh rumors In circula
tion regarding valorisation to counteract
the Itcnrlshness of the declines In tho Eu
ropean markets and the more favorable
Westbrr advices. Lending roasters were
good buyers here with Europe Belling.—Ol-
uert A tTlsy.
Following Is tho opening range and dona
of the Nsw York coffee market for to
day:
Opening
Range. Close.
. ..6.56
, ..6.60-6.70 SKR4L70
...6.75-6,80
. . .6.80-6.90
. .6.85-6.90
* .*.7.00
Anri
M"
August 7.00-7.10
Heptemlier 6.20*6.45
October «. ..6.80-6.40
6.75-6.8
v:,«n
fT.5il-6.fi
6.95-7.C
Closed barely steady.
NO FAILURES REPORTED.
London, Kept. LY—The fortnightly settle
ment hns made smooth progrens. Today
* rday, nnd no failures have been re-
Pi i. The hank statement wna regard
ed ns very fair In nil rlrcmnstances, and
there Is less apprehension regarding the
money market.
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER. President. A. 6. THORNTON, VlcPrulctant.
H. T. INMAN, Vlcs-Pr,ild.nt. QEO. R. DONOVAN, CMhl.r,
JAME8 8. FLOYD, Al.’t Cflihler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
L. J. ANDERSON & CO
Bankers and Brokers,
’ COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL BANK
PHONE MIT. PRUDENTIAL BLDG
corroN^G&a?, Provisions,Htocks^bonds,
A#. 2 Wall St.. Peters Building, Alltele. Ct.
CA/es«s lord el TnSe.
hereto! Csffss Assteltllej.
F Cettee f leftist*
ZOJH A AN. Minaflff.
Standard Pk*i
HUBBARD BROS & CO., MEMHANTS
Atlanta Offices, 119-221 Century Building.
Member* New York Cotton Exchange, New Or'
lean* 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 451, Long Distance 39. A. S. Hustacc. Mgr.
31 % Compound Interest
i* 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 inspect our quarters and inveetlgate
our facilities to aerve you. A hearty welcome await* you at thla
bank.
ASA Q. CANDLER, President
W. H. PATTERSON, Viee Prei. A. P. C0LE8, Cashier.
JOHN 8. OWENS, Vlce-Prei. WM. D. OWENS, Ant. Cashlar.
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 oaulCs in ibe basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.