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THE ATLANTA GEORGIAN. 11 AT THE_ OPENING I Heavy Sales of Spot in Liv erpool Was a Sustain - ing Influence. I SPOT IS IN DEMAND I The South Is Offering Spar ingly and Stiff Prices Are Asked. .« Tort, Sept, 13.-The local cotton I -irtrt opened eteady. There mil an active Snanfl Mr October from abort lntereate, 1 £?thii. with food cnlilea from the l,lver. JJJl nurket, advanced prtcea here. Urerpool at the.opening wne about ei ex- Jr,*! turn mornlna. Improrement licgan, CiTver, Immediately efter the openlnir. *«wti were imchnneod at 6.51, but ealea eerr incrcnied to 1WW»„ which waa the fa- ’ofurcrpMbe ahowln* New Vork was to ihow unchnnred prlcea at the open- Initial prlcea, however, were 5 to 7 J,t, iSttir: and ae. Liverpool gained In trenctli n» the aoaalon progreeaed the clone IS?,t 11 o'clock the advance had reached « n it print* over ycaterday'e cloee. Xciri from the crop In Texna wae the Annlnnnt factor. In that advlcea from that action Btatcd that the crop wna In had U,pc from rnlna and crop-deitroylng In- Amnnd the noon hour there wna a alight -action on heavy aniline by floor traders I,il .not Intereata In efforta to check the iilraace. The undertone, however, wne atrailT. prices being nuetalned by a good Seriioh<l for apot cotton, the South offering ipjrlngly. jtceelnte nt all U. 8. porta today a,go lime tiny Inat year 34,154 reaae 13,534 jecrlptB for flvo day* 111,003 Hun- days last year 177,011 ■ense 56,909 NEWS AND GOSSIP Of the Fleecy Staple. jKflpts sinre September 1.. time. Inst year 184,048 864,784 Dceronse . ,..170,716 Estimated Receipt* Tomorrow. 1906, 1906. fnr Orlenn* 3,300 to 3,000 1,394 Calveston 18,000 to 14,000 10,993 Houston 9,800 to 10,800 10,827 i. I>. Frremnn, Now York, send* out tljc following ••flash:*' "Price tars he e»* tlsmte* tlie total ginning up to Hepteuilwr I* to Im> 1,600,1)00, against 2,368,000 up to Hen- tsmlier 12. Inst year. Although It is said b**rp thnt he Is buying, we do not see nny vldeiive o? It.” Trading wna dull In the afternoon, the .,)/ic wna steady, the close being within Vn?< points of the highest, net 11012 poluts higher. SPOT COTTON MARKET. Urerpool, cotton,' spot business raoder- Je, with prices unchanged; middling up* lands S.f.lil; sales 12,000; American 8,600; HMvnlntlnn nud export 1,500;, receipts 2,* 0Ofl. oil American. Atinntn, ijulet at 9%e. NVw York, quiet at 9.80c; sales 600 con*; •MHptlon: delivered on contract 100. Srw Orleans, firm at 96-16c. Augusta, steady at $%e. Kovniinnh. steady at 9%c. 8t. Louis, quiet at 9%e. Rostoti, quiet nt 9c. Houston, steady nt 95-16c. Wlhplnaton. steady at 9c. Memphis, quiet nt 9%c. Galveston, steady nt*5-16c. Mnhlb. steady at 9M6c. Norfolk, steady nt 9%c. TODAY’8 PORT RECEIPTS. Private Wire to Ware A: Leland. New York, Hept. 13.—Llverttool futures open ml quiet and unchanged on the near uml l up on late. At 12:16 p. in., uuchauged fo % down and qnlet:. Hales 7.000 snots; uu- changed nt 5.51d. Futures due to come un changed to 1% down. Cotton opened higher on good cables, with fair commission house demand, which nb- •orbed loenl offerings. Undertone good. 9 rlean * 1b buying some cotton here. » ch !* » ff°«l buyer of January. Weld selling October. Parrott, Gifford and Dick Bros, good buy ers. Carpenter, Bagget A Co. say: “We are fast coming to the point where the price and market for the actual staple must fur nish the basis for the option market, and with the holding tendency .of the planter futures should work to a more natural parity with the marketable stuff. Alto- f father present renditions fnror prices work- ng up, and we would favor operations ou the long side." New Orleans, the well known cotton buyer and eminent cotton, crop statistician, died yesterday orenlug nt 6 o’clock, the result of being ■truck by a street car at noou. The opinion among some brokers here !• thnt exporters who are short of cotton for September shipment are covering lu the Liverpool spot market. The market Is nervous and wants to go up, but it has no solid strength. What looks like a hull clique here must have ac quired large holdings of loug cotton lu the Inst day qt two in an attempt to advance the market. The net stock of cotton In New Orleans Is 16,800 bales agnlnts 46,427 at this time lsst_ year. 5.( from Tom R Owens A Cft. fort Wwfi Tex.: "For the post month we have lind rain after rain through north, northwest, west ern and central Texas. The enriy cotton ns a rule had abundance of fruit on it. which has been badly Injured by weevil and worm. The lnte cotton Is nil gone to stalk and will make nothing comparatively. Will say, never In our experience have we seen such deterioration. From our own ngouts and from other sources reliable. It looks ns If our crop will not exceed Inst season’s, and the rains contluue. We are p at the middle of September and Texas crop has not twgun to n...... The situation to us looks serious In the ex treme." The weather map now looks as If the dan & r of a cold ware Is passing, but more rain promised. Although some rain la shown on the weather map, It cannot be called unfnvora Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-five years’ experience of ed iting markets In Atinntn and tbe South has made him a recognized au thority In his specialty. TIPS FLASHED From Wall Street. RANGE OF NEW YORK STOCKS AND COTTON MARKETS The amount of cotton on shipboard If 630 bales agnlust 6,419 last year. The following circular has been received The following table shows receipts at tha jorm^hMisy, compared with the anme day .W Orleans. . . . G«lYo«ton Molillc Mftvuuiinli , Charleston. . . , , , Wilmington. . . , . Norfolk BMtOU rUlmlriphla 12182 2018 3146 2942 interior movement. (Jjjj follow, M , fitrrfor Towns , time Inst year: Private-Wire to Glbert A Cloy. New YorV lower; due December. Liverpool cables: "Market sustained by good demand. South Is offering too little, and Is yet too dear for a decline." Liverpool Is a good buyer here. Wold ft good seller, trying to check the advance. The persistence of the reports of deto rloratlon In Texas encourages covering and .—----- -|r n turn. vision committee has made Q*nges In the grades. Wall street houses«ire all covering shorts. Journal of Commerce: "The steady pur chasing of goods In small lots explains In a large measure the ability of sellers to hold prices firm In the face of pressure less operator* are willing to engage'goods for delivery months ahead." New Orleans. Hept. 1.1—Liverpool 1*. as expected, and should not affect our opening. .Isable to follow the decline because the South Is dear and much above parity; spin- uers are anxious." New York wires: "Bears still hammering Weld selling October." The Western forecast indicates partly cloudy weather with probable showers and thunder storms tomorrow and probably Fri day. A dispatch from Temple, Tex., says: "Iiafn Is an every-day occurrence here now. It having showered heavily for the paat five consecutive days. There has practically * * "* * ‘ ~ the 1906 1906 Hoaitmi. AttgMtn. . ' wnphl«. . , jjj- LuiU. . . , * * vwrinaatl *815 I960 132 338 171 10624 8676 176 '342 Total 17345 14818 WARE & LFLAND’S .. DAILY cotton letter. Wk- Hept. 11.—An effort w#s N>w Sol i!°. the market Just prior to .* n,R !L t » and It was expected that K ; would lw* put ou Liverpool tbli uth, ! ;i J.i'i". Iff .«!* AMPP-?" •ravel. re uiriicu m iniiimri, JS ,lpl «and in Liverpool audednly 1m- •Illl*• . nn 'l Instead of n decline abroad, n «iv*nce<| more rapidly than nt any -3* 1,1 “We weeks. On the rise, stop-loss “ encountered, and shorts eov- •*lw« fctVJL V* 1 vo,u mo that the whole mar- £L r *" n tn grow active In this city and <•rictus na the morning wore ou until V r ** ■°<ne 12«14 points over last ra# A.,,*. f '* n, ure of the trading wan that •orlw.1 lt r fo f Bn,e •oeruetl to be nil ab» thnngh very aggresalve meas- FW* W .r», , ,l,ken *• prevent an advance. Cn, up, and.the market showed n ni™±Z tone throughout the day. Opera* TV inihl '' *I n . n mor * extended scale, and rlrrWdemand for cotton from trade Sffi #i ;- |,l, r «t did not attract general BEK* , ‘,,„ l .! u /b)g, - uererthe , ese created f DI__- l»ceii no picking nccoinpllshe«l during paat ten days, and If rnlna stop right uow It will ho a week l»efore tome field* can he entered and nt least three dnya before any of them can be worked on." Our traveling correspondent wires from Corsicana: "Kills county has good crop al ready msde. With favorable weather would make it large crop. Heavy rains the past mouth did much damage. Made crop mte. Wnxnhatchle to Corslcaun, good crop prac tically assured. No damage so far from weevil In this section, but have appeared; means no chance top crop. Texas need# good weather and planty of It—needs I badly. Movement light" GIBERT & CLAY'8 DAILY COTTON LETTER New Orleans, Sept. 18.—The Improrement and well maintained snot demand, resulting In sales today of 12,000 hales at unchanged prices, was it distinct feature of the for eign market. Optlous closed at nn advance or 7 point* for near positions, while the bnl nnce of the list wns 4 to 6 points higher. Cables were bullish, and were of the opinion that the decline should not be followed too No analysis of market conditions sbouh eliminate tne fundamentals of supply and demand, but In making prices now for tbe S ear It must be done with a very Imperfect uowledge of these fundamentals. At tbl« time of the year, when the new crop Is (Iff the making. Influences naturally devolve upon the character of the weather. Three weeks ago prospects for a bumper crop were never better, but la the lapse of that pe riod of time there baa occurred unfavorable circumstances sufficient to diminish mate rially the optimism then prevailing. Tbe transposition of sentiment Is not n convul sive movement, but gradually through alow process, hampered by doubts and fen the change takes place, and thus today the cotton trade Is facing « change of opinion, slight, It may be said, but nevertheless a change Indicative nt least that the germ of 1 relief has found lodgment aomewbere. If prices H cent n pound higher were Justified a month ago, wnen little, If anything, hnd occurred to mar existing brilliant prospects, there would be little doqbt of their correct ness now, when deterioration la known, nud which even thn most skeptical admit. The Inference to be drawn from the govern ment's figures of ginning* to the first of Heptemlrer Is that the cotton In the early section has rapidly found Its way to market, and this In n measure account* for the mar ket's unwllllngues to respond to the argu ments In Its favor. There does exist, how; NAME OF STOCK. Amalgamated Copper.. " '-in*. .. uv, prt-irrreu. , , . American Cotton Oil. . Amer. Car Foundry. .. Baltimore & Ohio/ Brooklyn Rapid Tran*.! 11!! Canadian Pacific Chic. & Northwestern Colorado Fuel A Iron.. Central Leather. . . do, preferred. . . . Chic. A Great Wesfn. Chic., Mil. A St. V. . . General Electric.*.* .* 1 Illinois Central Amer. Ice Securities. .. Louisville A Nashville.. Mexican Central. .... Missouri Poclflc NAME OF STOCK. ... Out. A Westurn. , Nuticintl Lend Northern Pacific. . . . . New York Central. . . . Norfolk A Western. .. Pennsylvania. ...... People’s Gas Pressed Steel Car. . . . do. preferred. . . • . Pacific Mall Reading . Republic Steel Rock Islnud do. preferred United States Rubber- . do. prefer red Southern Pacific Southern Railway. . . . do. preferred Sloss-Sheffleld Tenn. Coni & iron. . . . Texas A Pacific Union Pacific. ...... United States Steel. . . do. preferred Western Union. Wabash do. preferred. . Wisconsin Central. do. preferred. Total stock sales today 1,078,200 shares! NEW YORK. tJM^rM^; n * B ,n C0 “°“ f “- sapt. . Oct. . . Nov. . . Dec. . . Jan. . , Feb. . . March. , May, closed steady, 41 I 4.91-92! 8.80-82 9.32-33 9.38-40 9.47-48 18.89-91 9.0f>O2 9.13-14 9.20-21 9.26-28 9.35-36 9.4G-4S LIVERPOOL. The following table give* the opening range and close, compared with yesterday’s close: Futures opened quiet and steady. Opening Previous „ t Range. Close. Close. September 6.16 -5.16V4 6.22V4 6.16 Sent.-Oct 6.04 -5.03H 6.10 5.03 Oct.-Nov 4.99 6.04Vi 4.99 Nov.-Dec 4.99 -4.98% 6.0* 4.98% pee.-Jnn. * . . ..4,99 -5.00 , 6.04% 199 Jan.-Feb 6.00 -4.99 1 5.06 6.00 Feb.-March 6.02 6.07 5.02 Aiarch-April. . . .5.06 6.09 5.04% w — 6.0b o.10% 6.06 ,6.08%-6.07% 6.12 6 07% Anrll-Mny. Mny-June. . . Closet! steady. tures In New Orleans today: Hept Oct . . . . Nor Dec Jnu Feb March. . . . May, 9.47 9.67 Closed steady. 31 Tsf 9.23-24 9.26-27 9.37-28 9.86-87 9.41-43 9.49-60 9.61-62 TOT 9.12-18 9.14-18 9.17-18 9.26-27 9.82-84 9.39-40 9.63-66 NOTES ON GRAIN Polntera on Provisions. Private Wire to Ware * Leland. Chicago, Hent. 13.—As the wheat market gains In steadiness, It also gains In friends, and the buying power Is increasing from day to day. A good advnuce Is due as soon as n fair bull motive appears, and this may come from the general tendency to bold their wheat as shown by the farm era of wheat through brokers. Sentiment rather bullish nil along the grain list thla morning, and locals wcut after them from the opening. Minneapolis stocks wheat decreaso 575,- 000 for five days. There Is a sharp call for September ,.jni from broker* and ldg gent>rnl call for September corn from brokers and big gen eral call for May by commission houses, locals lending: offerings scanty. Cold weather, but cloudy, has not relieved the fears of tbe trade that some of tbe crop will be caught, ax fair weather Is pre dicted for tomorrow. Oat* firm on buying by local bulla led by Rankin. Some telling of May by Wells, Logan and Bartlett: Market now atendy, with trade light. Oats and corn very strong and gaining friends. Demand for I>ocernl>er oats good. Provisions firm to a shade higher. De mand for cash meats good. Packers buy ing. Pork Is higher on commission house buying. /8maller packers sold lard mod erntely. r Market look*, higher. Cudahy brokers selling October lard, Good cash reported for lard nud meats. WHEAT OPENED 1 LITTLE Commission Houses Good Buyers, While Selling Was Scattered. PrlTKto Wire to over, nn excellent tlemaml for cotton, and tbe full price, naked lij holder, alone nre- venta a antlafnrtorjr ndjuitment of a trading ' a. What, then, may be the togtenl ile- Jinn to b» drawn from time Inference,? Namely, thla. that the tendency of tbe market for the near future ahonld be np- ward until either the .mount of damage re- ported Is proven overestimated or that the imply of cotton should more than prove i(Relent to fulfill ueeded reqalrements. PRICE CURRENT CROP REPORT. Cincinnati. Sept. tt-Woek farorahle for eortt, but with eontlnned (rood weather. Anal reanlta will likely, ahow ytelda a Imre laat yen. Plowing maklnggood progreaa. Packing 375,000, agalnat 370,M a year ago. " *• ALABAMA I GIBERT A CLAY STOCK!. »ONDI. r. COTTON. CRAIN. corrcc, provisions MKMSCSIl ATLANTA OA r Exehange.lNew Orleans Cotton Kxohnnge. Chlea|« Bo*rd of Trada. r Vnl? 9. 0t i 00 ^change. New Orleans Stock Exchange.(Urerpool Cetton AMOclatiom 9 'ork Coffe* ExchangejNew Orleans Board of Trade.|Galv*ston Cotton Exchange • . . Private Wires to all Exchange*. __ _ and Long Olstsnos Telephone 5298* W* R* FAGAN# Msnsasit ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS .AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. It mlvnn . bualnraa light. Prorlalona opent.. — ~ — _ hoga nnd on good mattered bnylnt commission houaca. The Octolier lard that wna for aale nt 8.80 yesterday hn; been ab aorlmd thla morning. John Cudahy la buy Ing November lard. Shorn coming In Sep tember pork and Swift supplying the de- ’’’prominent Minneapolis elevator eoneerna any reports ou spring wheat are disap pointing, both na to quality and yield. Area covered by report* *o far received not large, hut come* from location* where early Indication* pointed to bumper yield*. More or lea* anort tailing of January prorlalona la living done on the theory of low-priced corn at the end of tno year. SPOT DEMAND IS INCREASING New York, Hept. 11-The Run aaya: After narrow fluctuation# the, market ended at a trifling decline. Thera la Just enough atrenath In the apot altnatlon to offset aonie bearish features which affect the languid apeeula- tlon In future*. Rome decline Tn Urerpool, the atringency of money here and at tha SSnth. tome aale* here to hedge cotton, the favorable weather and apparently the on. position of Theodore Price and aome of hi* Mlowera are ohataclea to any decided ad vance. Bnt when It cornea to the actual demand for the real cotton the altnatlon la different. Not much difference, to be anre, from What It hat Iteen, but still there are mate signs of an Increasing demauil for the actual staple. Neither the foreign nor the domestic spinner aeema to lie quite ao Indifferent na he was before the government fpoort was Issued ou Monday. Certainly theapot transact Iona In Urerpool have stub ilrnly 1 Increaaed, the apot demand at the Month la reported larger and reports are current that the Southern planter ahowa a dtapoattlon to hold back Mi cotton. That the rotton gooda trad# la prpaperon. on both aldea of the water la wall known. If nnytblng should happen to the crop we may look to aee a sadden Increase In the demand of the actual cotton and a no leaa amlden Increase In tbe deetre on the part of abort* and other* to buy futures. Bnt for. the time being the cotton speculation. It must he ownedr la a pretty tame affair.—albert & Clay. New Orleaoa. Kept. 11.-The Tlmea-Demo- emt aaya: Neither spot market teudenclea nor tha crop weather outlook favored the abort, hot New York operators sold enough contracts locally to offset the encroachment of bolllah sentiment as a price making fac tor. However, the program has been al tered to an extent, for Southern shorts In some Instances evidence signs of nneoalnew, the cause thereof being found largely In tha telegraphic advice# from truatworthy per sona at aneb Interior spot market! as Shreveport, Natchea and Houston, tha sob- Joined being a fair Mmpler 'TJnable to hny a hale ao Tar; tarritonr trjbutaty to tkb town moat have all the aborts la the world. Merchants ara getting » to *Hc for every- tbliur." Fresh speculative Interest makaa Its ap pearance on rare occasions only. The pro- feaslonal requires more light, the outrider mope encouragement. Bulla fear the Octo ber movement. Bears do not Ilka tbe stiff prices Interior apot buyers are compelled to pay. Meanwhile the strain on tha ringside Mlrawbera la beginning to tell.-Ware & Leland. LIVE 8T0CK MARKET. ago. Sept. 11.—Hogs—estimated re- today 11,000. Market heat strong; i 5c higher; quality fair; left over bulk tMMB«J5: estimated receipts for row 15.000; light hogs tt.30O8.tlH; Hhtrp—Estimated receipts 18,000. Market steady; qnallty fair; native* SJ.^7i5.45; western 8S.26fe6.66: year!tegs I6.7<jS«.40; Umbs HKG810; western H-75G8.19. Chicago, Sent. 13.—Sentiment on wheat showed a Inillfah feeling with closing prices c higher for the day. There wns con siderable December sold which was replaced by the May option. Exporters reported bus iness In grain as dull. Coru closed %6%c better. Oats were up %0%c. Provisions 60 27%c higher. Cash markets steady, with oats fraction- Hr higher. Cas^ 1 in.wo nm lotah. -Is wheat. 110,00 000 bushels oats. JJ ' Fr „ els; a year ago 1.047,000 bushels. Corn 689, 000: a year ago 450,000 bushels. Clenrauces were 695,000 bushels wheat, 240.000 bushels corn and 44,000 bushela of oats. CHICAGO GRAIN MARKET. for today follow: Open. High. S.8S 8.62% 6.92% 2 hard winter No. S do ( LIVERPOOL GRAIN MARKET. unch«nje<Mo hie til—t^wned Wc higher; at 1:19 p. m., He higher; closed KOHc higher. PRIMARY MOVEMENT, 1,047,000 bushel* Inst yujr; *hlptnenl« 334.- 000 bushela, against 631,000 btiahel* lut year. • N0RTHWE8T CARS. The following figure* give tha northwest cars of today, hist week ond Inst year: Bait fjist Today. Week. Year. Minneapolis. VA 180 4S« Duluth. ........ «0 100 118 CHICAGO CAR LOTS. Wheat.. Corn.. Oat*.. . Hog*.. STOCKS REVIEWED BY NEW YORK SUN Now York. Hept. 13,-Tho Sun *ny*; For the first half hour of business yesterday the stock market wns depressed by a resump tion of Tuesday s selling movement, which, however, did not seem to Im so much In the nature of liquidation na of speculative op- orations for the decline. The ense with whleh offerings of stocks were taken led finally to some buying for the purpose of recovering stocks previously sold when It was discovered, ns close observers of the had predicted,‘that there wns very little stock tnnt conic! be Imught at the cur rent level of prices. The history of the dny.'a market thereafter was ouly thnt of nn advance which begun nt first In the shnpe of n slow hardening, but ended In eager end excited buying. Without nn exception, evbry active stoclc » tb® security list wns affected by this ex hibition of strength so that the rise lu the market was along the broadest possible lines. Final prices were little, If any, lie- low the highest of the day, and many of the prominent stocks made gains of more than 2 points. The strength of Union I'n- clflc and Southern Pacific was na much aa anything else the feature of the trading, although no other explanations than those now commonly nppreolntod by everybody In tho financial district were given ns a rea son for the rise. It was pointed out of course In the case of Union Pacific that the stock will sell on Friday with Its new semi-annual dividend of 6 ner cent deducted from Its price, which would nt the low quo tation made In the forenoon make the price scctn pretty low for an estab lished 10. per ceut dividend payer, and to a somewhat lesser degree the same argument was used In tho case of Southern Pacific, although the forthcoming dividend on thla stock will not bo taken off until October 1— Olbert A Clay. Private Wire to GllH*rt & Clay. * e w York. Hept. 13.—Marshal I. fipn Co.; This morning’s trading should i*o strong lines, nnd It la consistent to ex pect strength In the coalers nnd trunk Imes. Home special price movement Is noted In Missouri Pacific, Rubber Goods. aclflc nud Brooklyn Rapid Tran sit. Earning reports are of a kind to promote strength lu these shares. Bank of Englnud rate advanced to 4 per cent. This wns expected. Look for further Improvement today, but '®uhl only buy on weak spots. Looks like Southern Pacific and Pacific will lend the market. Don't see IT thing special this morning, though. Loudon cables: "French gold assured. Bank of England rate Increased to 4 per cent** Bank of France stipulated should he lim ited to 4 per cent. The New York Financial Bureau says The scarcity of stocks when bidding mences after n decline shows tho II tlon of liquidation. Information la bullish nnd has eontlnned so. We would un qualifiedly be for a big bull nmrket, with money permitting, but can not conscient iously recommend It with the money mar- ket ns It Is Jnst now, though money relief Is strong. The Bank of England evi dently does not wish to lose more gold by Its notion today, but we think Europe will have to deliver more goods before finishing. Stocks that return well now or prospectively on the Investment are being nhsorl>ed by shrewd men to hold for Invest ment, but speculation turne only occur In — _ reasonable length — ceding 6 per cent, we believe the reserve buying power would simply take the list from the hands of the large Interests nncf the manipulation now manifest would die appear In n virtual whirlpool of specula tlon, but until that time comes we ad vise conservative action. Private Wire to Ware & Leland. New York, Hept IS.—London mixed. Advnuce lu bank rate to 4 per cent wn» hardly unexpected, and may be tho fore- rnnm»r of a higher rate during the coming week. Bankers will have to look to Paris for gold, nnd $16,900,000 to $20,000,000 may lx* secured from thnt source. There Is very bullish tall: on Union Pa cl fie. Southern Paclflc/Atchlson. the Gould stocks. Steels nnd Toppers with a possl blllty of a big advance In Smelter*. A fe verish nnd unsettled market can l»e ex pected, nnd on aharp advances would take jeni when sham breaks materialise. Bullish talk I* hennl on Norfolk and Western. Reading and the Hfels. Dow-Jnnes’ summary Bank rate advanced to 4 per ret Kxpocted Bank of France wllr $15,000,000 gold. Gross business of United Stntea Bteol may reach $700,000,000 In current year. Export demand for copper continue* brisk. United Stntea wnrshlp arrive* at Havana, where situation Is considered more ae rions. First trip made through Pennsylvania North River tunnel. Home demand for stocks in loan crowd. Wabash reports heaviest car movement in Its history. out, treasury asslt gross Increase of 12.8 and with $23,000,000. (fra need 1.85 LONDON STOCK MARKET Anacouda.. .. ..• .. .. Atchison Canadian Pacific Chic., Mil. aud St. Fanl.. Erie Illinois Central. ..... Louisville and Nashville. . Rending... .. .. *. .. Pennsylvania Honthern Pacific. •• .. Union Pacific. . „ ,, , United States Steel. . . COTTON 8EED OIL MARKET. Ks* York, Srpt. 13.—Tho innrkot for oil was dull nnd steady. Orders were not In evidence, and both buyer* and sellers ap peared to l>e waiting developments. The hesitation lu the cotton market, and un certainty ns to the else of the crop, ap peared to be tho factors. Another elcmeut of hcftvlntMi Is the prospects for a big corn crop, nnd with the largo corn probably a full supply of hogs nnd ....... The market at the close was easier, with prices unchanged to %c lower. Hales G trted on coll totaled only * dng 100 of October nt 3l4c December at 81c.—Ware A I* Open In September. ... —' — October November. __ December. ,,,,,,, 31 January March ^closed steady. * SOUTHERN EXCHANGE Oldest Established Office South. COTTOI—STOWS—BOHOS—GRAIN Ground Floor Oould Building. Dally market tetter and market manual mailed on application. L.J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 RCrCRKNCC, THE NEAL. BANK PHONe I AIT. PRUDENTIAL BLOC THE 8UGAR MARKET. Now York, Hept. 18.—The domestic ami refined local eugar markets unchanged. London boots firm; Septeml>cr 10a; October 10s %d. mm 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 York, Sept. 13.—The advance In th« lank of England discount rate from 8%t? 4 per rent wns In line with the more fa ble anticipations of the financial com ity. Its effect hnd plainly been r**;illz***l liefore hand In the rlKe which occurred pre vious to today In the open market money rate*. Tho security markets were, tliere- ’ore, prepared to tak! the view this morn ing that the action taken might have >*en worse and the comparatively modcr- Two tall taken In London for shipment to this country, and this cotpnrlged practically all the news. American stocks, however, were higher abroad, nud operations for — were accordingly renewed -nt the opening here with considerable enthu siasm. After the flrat half hour, during which advances were general, the market became more Irregular, and It wns evi dence that under cover of the general good . feeling occasioned by the turn lu tho money situation stocks were being freely I distributed. The stock market waa full of buying or- ; der* at the opening on whleh advances . were made on many shares In the first few • minute*. In the later trading realizing sales, pool manipulation nud bankers buy* -.-ill iniriMw.-s fiiust-.l mixed movements, and the market for the greater • part of the first hour was Irregular. Southern Pacific made a new high rei the ore deal will be made when Judg Gary arrives In this city. London sola about 26,000 shares In this market la the early trading. THE COFFEE MARKET. tlon regarding na .(lilt'- noth 1 bullish rami valorisation nctlve . rumors In circula- Ion to counteract the 1>onri*hnese of the declines In tho Eu ropean markets and the more favorable *’ - * "Ing roasters were t-lurope selling.—Gl- New York coffee mark Opening Range. Close. March .... April.. May June,. 4 July August .. September. Octolier Novcmlier. .. .. .. .. . December Closed barely steady. mce. ..6.65 ..8.60-6.70 ...6.78-6.80 ..6.80-6.90 . .6.86-6.90 . .6.90 ■ ..7.00 , ..7.00-7.10 . .6.99-6.45 . .6.30-6.40 , ..6.86-6.46 ....6.60 I 6.65-6.70 6.70-6.73 6.75-6 s3 6.SS-6.90 6.90-6.93 7.00-7.06 6.30-6.40 6.15-6.40 6.4S4J0 6.60-6.66 NO FAILURE8 REPORTED. London, Sept, lh—The fortnightly scttlc- Is payday, and no failures have been re ported. The bank statement was regard ed as very fair In all clrcumatencce, and there la feis apprehension regarding the money market. <r ATLANTA NATIONAL BANK ATLANTA. GA. C. E. CURRIER, President. A. E. THORNTON, Vice-President. H. T. INMAN, Vlce-Pre.ldent, GEO. R. DONOVAN, Cashier. JAMES S. FLOYD. Ass’t Cashier. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. in r,r*. ontiu. CMa#«. coTTON^G^Am, Provisions,^tocksPbonds, - Ha. 2 Wall St.. Pat tn Building. Atlanta. Ca. MUBINS: Hem fart Cattoa fidiuft. CUkaft Board at Trada. gem Orleans Cotton firiinf*. Chleata Stark iaekange. Lleetpool Cattoa Astoelatloo. Hem York Cottee iaehaaga. nltate Wires la Hem York, Hew Orleans, Chicago. B. C COTHRAN. Manager. Hall Rhone 1242. Standard Phene 230. 3J % Compound Interest Is the rate your money will draw If deposited In the 8AVING8 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 investigate our facilities to serve you. A hearty welcome awaits you at this bank. A8A G. CANDLER, President. W. H. PATTERSON, Vice^Pres. A. P. COLES. Cashier. JOHN 8. OWENS, Vlcs-Pres. WM. D. OWENS, Asst. Cashier. DUBBARD 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. Buiincss solicited for the above exchongej. Direct wire service. Corre»pondencc Invited. Phones 151, Long DUtance 39. A. S. Huatace. Mgr. WM. L. PRU President ROBERT r. MADDOX, Vice President 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 oaulls in tbe basement of Ihe Empire Building foronlg $5.00 each per annum. Absolute Security and all Modem Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co.