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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.