The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 13, 1906, Image 11
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THE ATLANTA GEORGIAN.
THURSDAY, SEPTEMBER IS. 1909.
AT THE_ OPENING
geavv Sales of Spot in Liv
erpool Was a Sustain
ing Influence.
gpOT IS IN DEMAND
NEWS AND GOSSIP
Of the Fleecy Staple.
rrtrnte Wire to Ware ft Ulaod.
'©ft 8< *P t - M—Uverpool future*
opened quiet and utu-baiigetl pu .the near
? ni J l U P ou tote. At 12:15 p. in., unchanged
U» % down and nnlet:. Hale* 7.000 apota; un-
PhaiiRed at 5.51d. Future* duo to coiuo uii-
changed to 1H down.
Cotton opened higher on good cable*, with
bouae demand, which ab*
aorl>ed lo<‘nl offering*. Undertone good.
New Orleana la buying some cotton bore.
»J«* Jf • jrxxJ buyer ot J an nary. Weld
selling October.
farrott, UifforU and flick Bros, good buy-
era.
Carpenter. Bagget & Co. any: “We are
fnat coming to the |>olnt where the price
“hd market for the actual staple muat fur-
nlah the l>a*j* for the option market, and
with the holding tendency of the planter
futurea almuld work to a more natural
partly with the marketable stuff. Alto-
Edited by
Joseph B. Lively
MARKETS
Mr. Lively'* twenty-flre
years' experience ed.
ltlug markets In Atlanta
and the South has made
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
if T~ aether prerent conditions favor price* work-
He South Is UlieriDg opar- »hf ^n.^ndj We would favor Operations ou
ingly and Stiff Prices
Are Asked.
thio well known cotton buyer and eminent
cotton crop statistician, died yeaterdn;
evening at 6 o'clock, the result of belnj
■truck by a atreet car at noon.
Tho opinion omong some brokers here la
lat exporter* who nre short.of cotton for
epteniber shipment nre covering lu the
Uverpool «|N»t market.
The market Is nervous and want* to go
up. but It has no solid atreugtb. What
York, fept lt-The local cotton
Jfket opened steady. There waa an active
nd * for OetobTO from abort Intereata,
TiJthl.. with itood cable, from the l.lrer-
j£i £ark»t, *dr*u<»J price, here.
Llmprol at the opening wa. .Iwat ». .X-
&S usn
"oATerpoS'. .howln* Kew York wa.
tn »lmw unehanped price. at the open-
Vn- Initial prlc^f. however, were « fo 7
"fita I letter; and a. Liverpool .allied iu
Sn iieili aa the session prottreannl the cloae
£251 Yn .drone, routine from 4H to V
the tone In Sew York .trentthen
Hd at II o’clock the advance had reached
2 tlt || Hot. ovar yesterday * clow.
from the crop In Tex*. wa. lb
dominant factor. In that .dvlee. from that
Sfo. elated that th. cron wu In had . . .
■hale' from rain, and crop-drotroylhf In- nnd the rain, continue.
writ '
I. 1C.SM halo* .taint. 40.477 at Ihl. time
la.t year.
The amount of cotton ou ahlpbonrd 1.
mo hole, ncaluat 6.419 la.t rear.
The followlne circular baa been/received
from Tom B. Owen, k Co., Port Worth,
Tea.: “for the post month we have ltad rain
after rain through north, northwest, west
ern and central Texan. Tho early cotton
aa a rule hail abundance of fruit on It,
Around the noon hour there waa n .light
motion on hoavy selling by door traders
and .not Intereata In effort, to check the
.dmare. The naitertone. however, was
itMdr, price. Wtl sustained by a food
drunad for spot cotton, the South offering
mrlnglr.
Receipte at all I*. 8. porta today 11,870
•taw day laat yaar..... »M64
II lint: 1111*1 III Ml Ilf III 111. It tlj llllll nil II.
whleh haa been badly Injured by waavll nnd
"Vorm. The late cotton is all gone to stalk
md will make nothing comparatively. Will
say. never In our experience have we aeeu
inch deterioration. Prom our own a
and from other source, reliable. It loo
If our crop will not exceed laat acaaon
ilns continue. We arc practical
. tp has
The situation to t
treme.”
a promised.
Although some rain la shown on
weather map, It cannot be called unfai
NAME OP STOCK.
Atlantic Coast L
American Sugar Hef.
Anaconda
American Locomotive..
do, preferred. . . .
Amer. Smelting lief. .
do, preferred. . . .
Atchlaoa
. dm preferred. . . .
American Cotton OU, .
Amer. Car Foundry. .,
Baltimore lc Ohio. . ..
Brooklyn Unpid Trnn..
Canadian Pnclltc. . . .
Chic. & Northweetern..
Cheaaiieake A Ohio. . .
Colorado Fuel k Iren..
Central Leather
„ do, preferred. . . .
Chic. & (treat West'o.
Chic.. Mil. & St. P. . .
Delaware * Ifmlaon. ..
Distiller's Keeurltlem. ..
Erie
agfertSSkv;:
Illinois Central
Amer. Ice Heeurltlra. .. ,
Louisville k NashvtUe.. .
Mexican Central
Missouri Paclllc
NAME OF STOCK.
.a.llil.Ilill Xavllfl, . » a e
Northern Pacific. . .
Now York Central. .
Norfolk * Western. .
IVnnsjrf Mh
People's ... .
rreMUMl Steel Car.
<lo. n refer red. .
Pacific Mall
Southern Pacific. .
Southern Itnllway.
(In. prefer ml. .
Sloss-Shofflobl. . .
Tenn. Coal k Iron.
Texas ft Pacific. . .
Union Pacific.
Western Union.
Wabash
do. preferred. .
Wisconsin Central,
do. preferred.
Total stork miles today 1,078.200 shares.
Private Wire to (Hliert & Clay.
York, Sept. 13.—Marshall. Spader &
Co.: This morning's trading should l>e on
strong lines, and It ta consistent to ex
pert strength lu the routers and trunk
Hues. Some spiHrisl price movement Is
noted In Missouri Pacific. Rublier Goods.
f>^aa yacltlc Brooklyn Rapid Tran-
sit. I.aridn? reports are of a kind to
promote strength lu these shares.
Boklnnd rote advanced to 4 per
cent. This was expected.
I.*x»k for further Improvement today, bat
would only buy on weak spots.
Books like Southern Pacific nnd Union
Pari Ac will lend the market. Don't see
anything «|»eelal this morning, though.
London cables: “French gold assured.
Bnnk of Ktiglnud rate Increased to 4
M»t.“
Bank of Km nee stipulated should be llm
ited to 4 per cent.
Tin* New York Financial Bureau i
-be scarcity or stocks when bidding
mences after a decline shows the Hi
tlon of liquidation. Information ts bullish
ami has eontluued so. We would un
qualifiedly be for a big bull market, with
nioney permitting, but ran not conscient
iously recommend it with the money mar
ket as It Is Just now, though money r •* -
Is strong. The nank of Huglaud
dently does not wish to lose more gold
by Its action today, but we think Kurope
will have- to deliver more goods before
finishing. Storks that return well now or
prospectively on the Investment are lielng
absorbed by shrewd uieu to hold for Invest
ment, but speculation turns only occur iu
other Issues. We sdvlse the same method
of procedure. If the outside element could
l»e assured of money for carrying rlu
for a reasonable length of time not
ceding 6 per cent, we l>ellcve the reserve
buying power would simply take Tho list
from the hands of the large interests nml
the manipulation now manifest would dis
appear In n virtual whirlpool of specula
tion, hnt until that time comes we ad
vise conservative action.
NEW YORK.
The following Is the range tn cotton fu-
ttiros In New York tr*-—
a!
it
I
1
!
Jj
I
E
a
t. jsept..: r.
x- gel
o. gee
m .
Fab
lie March. . . .
a. May
Hi
9.11
9.19
9.27
9.41
9.66
8.9i
9.03
9.13
i*.r.
IMS
9.61
ft
>.u
A
'ilio
9.83
8.91
9.n
9.25
9. XI
'8.47
9.6!
Tfe
9.604)1
m
•5.32-33
9.38-43
9.47-48
9,58-59
8.80-82
8.89-91
9.or»82
9.13-14
9.20-21
9.26-28
9.35-36
9.4C-4S
grrrlpt* for Ave days.,
fame days l#*t y«*r..
Decrease ....
€6,909
Receipt* Since September 1..... ,.154.048
fame time Inst year 854,784
Deere* se 170,718
Estimated Receipts Tomorrow.
1968. 1901.
Orleans 9,800 to 9,000 1.81
(jilrrstiHi 11,000 to 14,000 10,992
U-JNfi.i. 9,800 to 10^00 10,827
r. l>. Freomai}, Ntv York, sends out
the following “flash:" “Pries says ne es
timate* tlie total ginning up tn Septeml>sr
• he 1,500,1100, ngalUKt 2.85B.000 u^> to
Prlrate Wire to Glbert k Clay.
New York, Sept. 13.—Liverpool one
ower; due about 1 down on Octobc
December.
Uverpool cables: “Market sustained by
good demand. South is offering too little,
nnd Is yet too dear for a decline.*'
Liverpool Is a good buyer here.
Weld a good seller, trying to check the
advance.
The persistence of the reporta of dels
rloration In Texas encourage* covering and
buying for a turn.
The revision committee has made
su changes In the grades.
o»! Wall street houses art *11 covering shorts.
Journal of Commerce: “The steady pur-
' , chasing of ipkmIs lu small lots explnjns in
*—e measure the ability of sellers to
trices Arm In the face of pressure
being’exerted by some Jobber* who are
short of goods. This kind of buying is sat
isfactory to those merchants who wish to
1 conservatively, and any other kind
„.ng I* Impossible for the moment, un
less operators are willing to engage goods
for delivery months ahead.”
New Orleans. Sept. 11—Liverpool Is. as
expected, nnd should not affect our opening.
SPOT con ON MARKET.
UvensMtl, cotton, spot business tuodrr-
ih*. with prices unchanged; middling up.
iinil* 9.6i«l: sales 12,000: American 8,800;
and export 1,500; receipts 2,-
t I* ad<
lie rite
r; »pi»
Alin Ilf II. quiet at 9%C.
New York, quiet nt 9.10c; sales 600 con*
mmptlflii; delivered on contr - '* *“*•
X>w Orleans, Arm at 9#-)
Aagastn. steady at •%**.
Ksvminnli, steady at 944c.
9 5-18c.
Mohlle. steady nt 91-16c.
Norfolk, steady nt M4c.
TODAY’S PORT RECEIPTS.
Nnr Orleans.
b*br*ton. . . ,
SIpMIc
Nsrsnnsn.. . ,
• Ti.irl»‘*fmi. . .
WIliMlngton, .
N'ffolk
Hiwtnii
r.i';
12182
2018
3148
2042
interior movement.
The following table shows receipts a
late dor towns today, compared with
nm* time last year;
Hoastoi..
Anrmta. ,
Monphi*.
Total.
W *RE i LFLANO’8
.. DAILY COTTON LETTER.
lor,. Rent. 11—An .Sort w
tir ; , ult jhB market Ju,t prior to
™ ln«t nlsht, ami It waa exprotinl that
£*" r " 'ronlil Irf. put ou Liverpool Ihl,
Thla preaaare turned to aupport,
“ ,l1 ' 'lemniid In Uvorpool mdeilnljr lm-
ffij.' 1 ' , 1 ""' Btatwul of a (Iodine alirood.
mivanced mare raplrlly than at aajr
.VS. " wanta. On the rlw. atop-loa,
were enrounterrd. and ahorta cov-
k.t i “ *“ cl * roluum that tho whole mar-
EL'S* to jrnw adlve In thla city ami
J," "rienne aa tho morning wore on until
t!.k? V7 * om - 196II (Hilnti orer loot
* a,e aeameU to lie all ab-
-i™-i. and thouah renr a*riv.rirr meao-
LT" *'' r " taken to iirevrnt on (irtrance,
Er? -'fept up, and (he market .bowed a
iW. »"' rMn - 'krouahout the day. .Opera.
J™* *er.. nu a more exlendnl ovale, and
((uproreil demand for rollon from trade
JEt?;.*' l, He It did not attract petieral
■jjjoliilie Inlying. nererthelrM crTOled
ill. 1 .ntnnd for futurea to rhauo
. weak tone of ron.ldvraule
KJ2JI" 1 - An extenplve xatlalled abort In.
IU . V Trirln dlrodlana la now a men.
»nd .honld price, adrnnee mneh fur-
25t, ", '• -louldfm whether thla Intereat
RS' mMiitnlued without coreriun.
nner ih„ clrcnm.tnnrra, cotton aeeni. To
* Purcharo nu noft apoto.
South I, door nnd much nliovo parity
nm ore anxlnua."
New York wire: “Boara still hamm,rin*
WpIiI .clllnx Octolier."
The Western foreraxt Indlcnlea partly
doudy waathor with probalde .bowers an<T
thumlar .torum tomorrow nml probably Fri
day.
A dlapatrh from Temple. Tex., aaya:
“llnln I. an every-day occurrence horn Bow,
It hivlnx .howored heavily for the past Ave
connecnflve daya. There haa practically
liven no picking nvcouiiillstivd durlu, tho
pn.t ten day., nnd If rain, .top rl.ht nmv
It will be a week liefore nome Held, enu
be entered and nt len.t three iloyn before
nny of them can be worked on."
Our travettna correspondent wire, from
Conleann: "Bill, eoanly h«» (ood crop nl-
ronily inane. With favorable wenthvr would
moke u liirne crop. Heavy rnlna the past
month did mnvh damaire. Made erop late.
Waxnhatrble (o roralvana. *ood crop prac-
tlvally anurnl. No damafe so f.r from
weevil In this section, but havo appeared;
iadly. Movement light."
GIBERT A CLAY’S DAILY
COTTON LETTER
New Orleans. Hept. II—The Improvement
and wall maintained snot demand, rraulllne
lu wiles Unlay of i:.Mlo bale, at michanaod
price., w.s a dl.tlnet feature of the for-
elan market. Opt lout closed at an ndvaneo
of 7 polnla for near positions, while the Inti
nnre of the list wa. t to 6 point, ' '-i—
< ’olile. were liulllib, and were of tho
that tho decline should not be folio'
No analyala of market condition, shook
eliminate th* fundamentals of supply and
demand, but In making price, now for the
{ ear It must lie done with a very Imperfect
uowledxe of throe fundamentals. At this
lime ef The year, when the new crop Is IB
the making. Inmiencro naturally dnvnlvo
upon th, character of tho weather. Three
weeks ago prospects for a bumper crop were
never liettor, lint In tlw laps* of that pe
riod of time there he. occurred unfavorable
rlrcumatancM sufficient to diminish mnte
dally the optimism then pravtllluf. Tho
transposition of sentiment la not a convul
sive movement, but gradually thrnuah a
r proves,, hampered by dnabts nnd frora,
cnantre taken place, and thus today thn
ivitlnn trade Is Indus a clianse of opinion,
sllsht, It uiny lie snTil. but nevertheless a
chans. Indb nllve at leant that thej— -*
liolle? has found bnlrmcat somewhi
prices hi cent n pound hlsher were J
n month nso, when little, If nnythb
orcurred to mnr rxlstlux brilliant prospects,
there would be little doubt of their correct
ness now, when deterioration Is known, nud
which even thn moot skeptical admit. Tho
Inference to be drawn from tho sovern-
ment's flsurro of slnnlnss to the (Irst of
Roplomlier Is that the cotton In tho early
section baa rapidly found Its way to market,
and this In a measure account* for the mar
ket’s unwIUlnsna* to respond to th# argu
ments In Its faror. Thera doe# exist, how
ever. sn excellent demaad for cotton, nnd
the full price# asked by holder* alouapra,
rents n satisfactory adjustment of a trading
basis. Whnt. then, inny be the l n /lc» _de-
diiril,in to bo drawn from these Infe
Namely, this, that the tendency
market for the near future ahoubl
ward until either the amount of damage re
ported Is proven overestimated or that the
unnlv of cotton should more Ihnn pror-
ulncfent to fulflll tieedwl nmulremcnls.
PRICE CURRENT CROP REPORT.
Cincinnati, Wept. H.-Week favorable for
,-orn, but with continued good weather,
Bnsl reault* will likely show yields sliov,
last year. Plowing maklngjiood progrro*.
Parking H6.000, against J70,Wf a yaar ago.
, GIBERT & CLAY
*•«. ALABAMA COTTOk. »
ATLANTA, OA*
k ExrhsngafNew Orleans Cotton Exchsng*.|Chle*go
R TSgg rliig®:: Ss:i K BlsmssSS®*
•a«*I and Lena DliUnai Talaphone*529*1' V/. R. FAGAN, M#n*n*ft
alonzo richardson & co„
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
' ATLANTA, GEORGIA.
LIVERPOOL.
Th** following table gives the o|ten!ng
range and close, compartMl with yesterday's
dose:
Futurea opened quiet and stead;
Opening
Range.
i’revtoua
Close. Close.
September. .... ..1.15 -5.15V4 5.2244 5.15
Sent.-Oft 5.04 -6.034S 5.10^ 5.03
Oct,-Nov 4.99 5.0444 4.99
Nor..llec 4.99 -4.9844 6.04 4.9844
Dec.-Jan 4.99 -5.no 6.0444 4.99
Jan.-Fob 6.00 -4.99 6.05 5.00
Anrll-May
Mar-June. . . .
Closed steady.
. .6.0b
.5.081
5.07
5.09 5.0444
0.1444 6-08
0844*5.6744 5.12 5.0744
NEW ORLEANS.
The followliiff Is the range In cotton fu<
i
%
a
!
II
1
reoi;V
fept
Oct ....
Nov
Due
.In ii
Feb
March. . . .
May. . . .
•JO
9.24
fi.ii
9.47
9.67
9JH
'9.28
9.37
9.50
9.81
0.23
9.17
*9.2i
MO
*9.43
9.67
9.28
9.21
IS
•On
9.61
9.21
9.23-24
9.25-27
9.27-28
9.36-87
9.41-43
9.4*60
9.61-62
P.13-16
9.12-13
9.14-18
9.17-18
9.26-27
9.82-34
9.39-40 !
9.63-65
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware ft Inland.
Chicago, Sept. 13.—As the wheat tunrkel
gains In steadiness, It also gains fn friends,
and the buylug power is InerenslRg from
•lay to day. A good advance Is due ns
soon as a fair bull motlv# appears, nud
this may come from the general tendency
to hold tbelr wheat sa shows by the fann
ers.
Corn nad ants still look good.
Bartlett, Frasier ft Carrington ore buy-
after them from the opening.
Minneapolis stocks wheat decrease 575,-
000 for lire days.
There Is a sharp call for 8epteral»er
coru from brokers nnd l»lg general call for
September corn from brokers and big gen
eral call for May by commission houses,
lootla leading: offerings scanty. Cold
weather, but cloudy, haa not relieved tho
fears or the trade tbii some of the crop
will be caught, as fhir wenther Is pre
dicted for tomorrow.
Oats firm on buylr
by Rankin. Home
Inc by local bulla led
lung of May by Waffi,
Market now steady,
"Oats’aud ’corit y.ry atrong and gaining
friend*. Hemand for Itercmbev ont# goodT
Provlidoui Arm to a shade higher. Do-
mand for caah moat* good, lacker# buy
ing . Pork la higher ou commloalou house
buying Hmaller pecker. Mid lard mod
•rnteljr. Market look* hlghiur.
Cudahy brokor. idling October lard.
Guod cu.lt reported tor lard aud menu.
Private Wire to Glbert k Clay.
ro^r.S’ron^'u.Jfy'-wJr'oLMt
"Vroririmta aftjd hlfkV °j< .**» hWwj
bog. and on good rod buylng by
commission honin'. The Octolwr lied ‘bat
waa for wile at MO yeiterday baa been ab
sorbed this rooming. John Cuilaby la bur
Ing November lard. Short, coming lu Sep-
temlwr pork and Swift supplying the dt-
“prominent Mlnneanoll. eUvator conrern.
say report, on aprlng wheat are dlron
iminttng, lH»th a. to qnnllty nnd ytalu-
Area covered by report, no f.r reeclyed nul
Urge, but come. Ann location, when
cirfy Indication., nnlnUd to bumier yield..
More or lea. .hurt relunf of jnnonry
provl.lon. I. I»ln* done on the throw ot
low-priced corn at the end of the year.
SPOT DEMAND
IS INCREASING
norrow^dnctnn'tionl'the'm.rket'endivlYt'.
featprea which JiSniSTfS ijIIJnoIS
tlon In futures. Rome decline In Uverpool,
the stringency of money here *nd at tht
South, some sales here to hedge cotton, the
favorable weather and apparently the op
position of Theodore Price and epne of lus
Rdiower. are obstacle, to any decldwj ad-
vane*. But when It cotneajo the actual
demand tbs real cotton the altuation Is
different. Not much difference, to be sure,
from what It baa been, but atilt there are
some signs of an Increasing demand for
the actual staplt. .Neither the foreign nor
the domestic spinner seems to be quite so
Indifferent n« be '!*! r rVSt
report was laaued on Monday. Cartaluly
tbeapot tranaactloM In Uverpool bav. aud-
,leulv InrrenMd, the foot demand at tba
SES'A In reported largro nnd report# nre
current that the Southern plantar .hows a
disposition to' hold hart hla eotton. That
the cotto# good* trad* I* proaperona on
Imth aide, of the water I* wail known. If
suvthliig Should happen to the crop we may
f<Xk to Sro a .mldcn Inctroro In the demand
of the actual cotton aid a no leaa sudden
Increase In the desire 00 the pert of *borfa
and others to buy futures. But for the
time being the cotton ap^tdaUmj. It^muat
be owned, l» a pretty Ume affalr.-
ft Clay.
New Orleana, fept. U.-Tha Tlmes Demo-
crat ^aya: Nrither spot market teudenciM
nor the crop weather outlook favored the
short, but New York operators sold enough
WHEAT OPENED
A LITTLE
Commission Houses Good
Buyers, While Selling
Was Scattered.
Chicago, Sept. 13.—Sentiment on wheat
towed a bullish feeling with ‘
higher for the day. Tt
sldoruble L)eceml>er sold which
by the May option. Exporters
th?caua*.*thereof being found largely la the
telegraphic advices from trustworthy per-
ions at each luterlor root markets ns
Rhreveport, Natchea and Houaton. the «»*»•
- ^ ' a fair aaiapls: “UnaW* to bay
eveport, Natchea and
joined bc|j _
Sued I>e|»g a fair aampis; imam* to way
bale so far; territory tributary to this
rni must have all the ahorta la the world.
»rchant« are getting 9 to t44e for every-
town
Merchants
thing.''
mure encourageittMt Bull* fror the Ocl*-
lu-r ninveuicnt. Brora do not Ilk* the stiff
w Int.rtoc opotibuyera ara roaiMtM ta
Meanwhile th* atnlu oa tb.riug.ld*
when I* begluafu* fo tell.—War. k
Leland.
LIVE STOCK MARKET.
nth.ro be hlgbjr: quojlty fair; lift uvtr
t£m« ^@*7lgb^ttw
gaud tn choice heary IC.SMC.C
llatlle—K.llmated recript. 7.
3!*he'lfail rorre* '|S.50<|
iurA.ejsvr'sST^^.'B.ss
(artBapajQM
lamb* ILKiis.W; western
showi»d a bullish feeling with closing prices
*— There waa con-
waa repluced
rtq>orte*l bus*
turns iu grain as nuu. t oru closed <44Cl44c
lietter.- Oats wera up %G%c. l'rovlaloua 6®
2744c higher.
Cash markets atesdy, with oats fraction
ally higher. Cash stiles here 25,000 bush-
-heat. 110,000 bushels corn and 96,»
jard; th
bushels oats.
rrimary receipts or wheat 823,000 bttsn-
els; a year ago 1,047,000 bushels. Corn 589,.
000; a year ago 450,000 bushels.
4’learanees were 695,000 bushels wheat,
240.000 bushels corn aud 44,000 bushels of
oats.
CHICAGO GRAIN MARKET.
p
i
for today follow 1
WHEAT??' 11 '
Sept.... 70M 70S 70
ifci P m
Rep?.®. 47% 47S 47
Dec 42% 42% 42S
^ I IRIS
Hept. 17.00 17.06 16.96 16.96 16.6744
Jan... 12.96 12.95 12.90 12.9244 12.90
LABD—
sjp ii 1? m m
1.9744 I.9S
5-90 1*62!
STOCKS REVIEWED
BY NEW YORK SUN
New York, Hept. 13.—The Hun snya: For
the flrat half hour of business yesterday t!
stock market waa depressed by a return
tlon of Tuesday's selling movement, whle...
however, did not seem to lm so much In the
nature of liquidation ns of speculative op.
elation* for the decline. Tne ease with
whleh offerings of stock* were taken led
Anally to aome buylug tor the purpose of
recovering stocks previously sob! when It
was discovered, as close observers of the
The history of the day's market thereafter
was only that of nn advance which begau
at first In the shape of a slow hardening,
but ended In eager «nd excited buying,
bout an exception, every active atock
In the
81DEfr~
Hept... 8.85 8.8744
Oct.... 8.6244 8.60
J 'fahh wheat?*
2 ”°-
LIVERPOOL GRAIN MARKET.
Whr.t—Opened We higher; at 1:» p. m..
unchanged to He higher; doeed unebnugea
to Uc •ulsher.
Corn—Opened He klaher; at IM p. m.,
,e higher; doled HGHc higher.
prTmahy movement.
movement of wlient and corn
Wheat—Bedpt# (C3.000 btiebela, agalnet
1.047.000 bushel, la.t mi; .lilpmcnt. nl.
000 Itudiels, ag.lu.t 671,000 bn.licle la.
,< "orn-nccclpti 6»W hu.ltel., .gain;
460.000 ba.bcl* la.t year; shipments 191,00
. . . -ihel. laat year.
Iiuabeta, agalaat 600,000 bush
NORTHWEST CAR8.
gum glee the nt
: week and lait year:
{“* 1
l r%
CHICAGO CAR LOTS.
Wheat..
Corn.. .»
Oats.. ..
Hogs..
hlbltlon ot Htretigth *« that the rise lu th«
market was along the broadest possible
Hues. Flual prices were little. If any, be.
low the highest of the day, and many of
the prominent* stocks made galus of more
than 2 points. The strength of Uulon Pa
cific auu Southern Pacific waa aa much as
anything else the feature of the trading,
allfuK— ----- -
now < , _
the flunnclnl dlsl.
son for the rise.
enttrse lu the ease of Union Pacific that
the stock will sell on Friday with its new
llshed 10 per rent r _,„,
somewhat lesser degree the same argument
waa used Ju the case of Houthern 1'aclflr,
although\ the forthcoming dividend on this
stock will not be taken off until Octobor L—
Olbart ft Clay.
COTTON 8EED OIL MARKET.
Naw York, Sept.. 13.—The market for oil
waa dull and steady. Orders were not In
evidence, and both buyers and sellers ap-
ttenred to lie waiting developments. The
hesitation In the eotton market, and un
certainty as to the slse of -the crop, ap-
liearerl to lie the factors. Another element
* heaviness Is the prospects for a bjg
id with the Inrr*
TIPS FLASHED
From Wall Street
New
Hept. 13.
don mixed.
Advauce lu Istnk rate to 4 per cent was
*~ardly ' * L - - —
Hankers will have to look to Paris for
* 815.000.000 to 820.000.000 may lie
•ont that source.
\ very ImllUh tall: on Union Pa
hern Pacific. Atchison, the Gould
ieels nnd Coppers with « jh»**I
i big advance in Hmclteri. A fe-
roflta nn long Stocks and wool
old only buy
•rtallse.
Norfolk .and
nk of Franca will relsasa
buatneaa of United Rtntes Steel
r reach 8700.000,000 In current year.
Ixport demand for coppi*r coutltuiaft
Unltad States warship arrives at Havana,
where situation la considered more ae-
First trip made through Pennsylvania
orth River tunnel. . #
Home demand for stocks in loan crowd.
Wabash reporta heaviest car movement
In its history.
Twenty-two road* for first weak of Hep-
tember show a gross Increase of 12.19
per cent.
minx rate ac
BxiuH'ted Bai
815.000.000 gold,
uroaa buslnei
_ tnnee nl»out 823,000,000.
urthor engagetnents expected.
Twelve Indiistrinls advauce<l 1.85 |dt
Twenty active railroads advanced 1.15
per ocof
LONDON 8TOCK MARKET
8TOCKH-
eorn crop, and with
large corn cro|
October.
November
Docfuilier,
at the cloae waa malar, with
>er at 31c.—Ware ft Inland.
Opening. Cloalnr.
a*r 31444132 3I8i«M2'.:
er SI 03144 2V <tiv\
Anitcoiidk..
Atchison. .......
rnnndlnn Pacific.. .. ..
Chic.. Mil. and 8t. Paul..
Erie
Illinois Central. . . . . .
sNilsvIllo and NatbvIUe. .
tending
.'ennsylvanla.
Southern J'nclfle.
Union Pacific. . .. ..
United Htatea Steel. . .
do. preferred
THE 8UQAR MARKET.
New York. Kept. 13.—The domestic ami
refined local sugar markets unchanged.
* *—•*—*-— “i; Oc* n
WERE THE RULE
Resulted iu Mirny Sharp Ad
vances in the First
Few'Miuutes.
TOOK PROFITS LATER
While Pool Manipulation
and Buying by Baukera
Caused Irregularity.
New York* Hept. 18.—The advance In tho
Bonk of England discount rate from BW®
4 per cent waa In line with the more fa-
rorabls anticipations of the financial com
munity. Its effect bad plainly been realised
liefore hand In the rise which occurred pre
vious to today In the open market money
rates. Tke security markets were, there
fore, prepared to take t!W view thin morn
ing tost th* action taken might have
l»ccn worse and the comparatively moder
ate advances which the directors saw tit
to make was a sign that they old not
regard tho money outlook with uuy serious
alarm. Two million dollars more gold whs
taken In London for Khfoment to this
country, sod this comprised practically nil
the liewa. American Mock*, however, were
generally higher abroad, and operations for
the rise were accordingly renewed nt the
Ing here with considerable ctithu-
u. After the flr«t half hour, during
•h advances were general, the market
lKH*ame more Irregular, nml It was evi
dence that under cover of the general good
feeling occasioned by the turu lu the
motley situation stocks were being freely
distributed.
The Stock umrket was fuU of buying or-
■ers at the opening on which advances
were made on ninny Khnrcs in the Hrnt few
minutes. In the later trading realizing
sale*, pool manipulation and hanker* hoy'
' ' - k|M><]*1 purposes caused mixed
to, and the market for the greater
- ' itrut h*otr wiis Irregular.
Southern Paclflc mode a new high record.
to 94%c. The II1H stocks and
_ Ismucn were urtlre on tho belief ,
that some definite announcement regarding
the ore deal Will he made when Judge
Gary arrives In this city. London sold
THE COFFEE MARKET.
New York, Hept. 13.—The coffee market
opened nt unchanged prices ou July, but
generally 8©10 point* lower in re*t»on*e to
tower cables and reports of rains lu Bra
sil. Trading was quite netlve on the ••nil,
and tbare were Mwah rumor* in circula
tion regarding valorization to counteract
the lM»*fl*hnr*a of the UecUnes In tho Ku-
ropean markets and the more favorable
weather advices. Leading roasters worn
good buyer* here with Kurope selling.—GI-
iWt.ft Clay.
f5rV coffeo market for
Msreh.. ..
April
MAy.. .
June
July
August....
Hept ember.
Octolier.. .
! 'fovetnber.
IHN*«*ful*er..
Closed barely steady.
, ...4.75-8.80
. ..4.904J0
. .6.86-6.90
. .6.90
’*• "row. 10
. .4.204,45
" ::S:StS
....6,60
NO FAILURES REPORTED.
LotKlon, S»pt. 1»—Tit. fortnlfihtlj >"ttlr-
ment has made smooth progress. Today
Js tmrday. nml no fnllure* three been re
ported. The hank statement was regard
ed as very fair In all elrcuinstanees. nud
there la Ires apprehension regarding the
money market.
i nmiar,. . . . . . . . si AMH
ir,v:-v:-.v;S& Si!
Closed steady.
SOUTHERN EXCHANGE
outsat Established Office South.
com*—STOCK—BflIDS—(Ml
Ground Floor Gould Dultdlnc. Dally
markat letter and market menunl
melted on application.
L. J. ANDERSON & CO
jankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REfKRCNCe, THE NEAL BANK
PHONE «41T. PRUDENTIAL. BLDG
COTTOnVg^AI^, ^ROvtlSIoSs.HTOCKS^BONDS,
Kit Wilt St., frtrn C.IUUj, Alt„U, Cl.
tnmusi
Krw T,rt CitlH Itlflilf, C»lt„,«lir4,f7r,4..
«,■> Orion tillM tichifi. MltiiiSlKktiikiiji.
Uurptat Cotton Atiocittion. Htw lark Catfia SithiBff.
frlnh Wlrtt ta Hew York, Mow Ortoaos, Chicago. B. C COTHMAM, Mtnaqtr,
Bon Phoao 120. StaadarAPboai
HUBBARD BROS & CO., MERCHANTS
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or-
leans Cotton Exchange, Liverpool Cotton Asso
ciation. Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire aervlce. Correspondence Invited^
Phones 454, Long Distance W.
. A. S. Ifustoce. Mar.
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER, President. A. E. THORNTON, Vlee-PreaMont.
H. T. INMAN, Vloe-Prasldent. GEO, R. DONOVAN, Cashier.
JAMES 8. FLOYD, Asfft Cashier.
Capital 1500,040.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
3i % Compound Interest
It the rate your money will draw If deposited In tho SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000,00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and Impact eur quarters and Investigate
our facilities to serve you. A hearty wslcome awaits you at this
bank.
A8A G. CANDLER, Praaldsnt.
W. H. PATTERSON, Vice-Pras. A. P. COLES, Cashier.
JOHN 8. OWENS, Vlta-Prya. WM. D. OWENS, Asst. Cashier.
WM. 7. l’EKI, lVrotd.nt. THOMAS J. RnH r,uhfcr.
ROIIKKT F. MADDOX, Vies Tresldant JAMES O. LESTER. Assistant Cashl.r.
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 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.
wmmmtms