Newspaper Page Text
THE ATLANTA GEORGIAN.
Monday. snrTEiinnn 17. iocs.
11
COTTON K (HIT
IT TBnPfIMC
Initial Prices Higher on
Reports of Frost in Ala
bama and Cables.
decline FOLLOWED
Recovered on Free Buying
by Floor Traders and
Wall St. Covering.
SPOT COTTON MARKET.
iiv.moot, cotton, ipat fair and steady;
JjIum 11.lands 5.6M; sales S.000; Amori-
E. TOW- speculation and export 500; re-
2l»ti’ 3/>' vl ; American JOO.'
Vorrtle* at »*c; delivered on
w ^5 C t)rlenn», (Irtn at 9 5-l«c.
Augusts. Steady at »*#.
Ssnmaah, oust at sl-ISc,
St. Lonl». quiet -at 8%c.
Wilmington, steady at 91-Mc.
Houston, nttlet at 96-i6c.
Boston, quiet "t 9.»e.
Baltimore, nominal at 9He.
v.w York. dept. IT.—Duslnesa at the
oiicnlng of the local eotton market wee
quiet. Jmt priees were steady at an
NEWS AND GOSSIP
Of the Fleecy Staple.
BSLVarmspi bowsrer, suit’trade be-
IKS that It waa somewhere In the bill
FarlT Liverpool waa about as dna to a
stalls'better, which wee oncooraeln* to the
I.nils on this side, and In retponse New
York opened 163 points hither, but on *
light clemn ml prices sagged some 6@7- polntg
during the early morning.
Tbe market stcndled at the low point
with large floor trader* buying frwly, anil
Wall street houses covering on front report*
fr"m Alabama. The map shows no frost
' "jl'l«* * IA eswl 11 laa.ua a report tomorrow
or Wednesday. It Is thought It will l«t
illlnh. hr floor broker* thought to lx» net*
,g for Hutton bought 10,000 boloa October
utl December. ... ^ .
The spot mnrket In Now Or lean* la re
porter! steady with it fair bualnea* doing
ant! offering* somewhat light.
Following I* the rnnge of. the active
months 111 Liverpool today;
■ Pr«v.
Open.jHIgh.
rani
6.06 ■
r».oo
5.13]
omparntlve receipt!
port?:
Net receipt* today.. ..
game day Inst year.. ..
game dnys last year.,
Total since September 1..
game time last year....
5.11
United
State*
Private .Wire to Olbert & Clay.
r>ow York, Sent 17.—Liverpool 9S3U high
er. Wag expected i higher. ° s “
. LlWpooI.egMe.; Afirket carter at open.
fertmT*^ fr0,t n and nothing of.
Atobamn 5 " 1 '* bl '* u,: " I,ro,t *• reported In
Tint Journal of Commerce: “The mid'
month sltuntlon In the market I. a health-
continue good, speculative
buying Is still absent, and the volume
trade from day to day la sntlsfnctory .u
nearly every line. Tim exception Is In the
export division, and the miscellaneous
trade In that direction Is large. The heavy
cottons i q. not respond to the large liuy.
Ing In other lines, bnt It la pointed out by
export houses that Chinn reports are more
encouraging than domestic prices In the
early summer.
New Orleans. Sept. J7.-tIverpool at 34
up Is an excellent market. YVaa due lei
points higher. We should open 6©7 points
^The Memphis Commercial Appeal weekly
rop summary ears: “Deterioration In the
Mtton crop conditions since the middle of
August I* a fact well certttled to. yet,
though the loss ha» been considerable from
a promlso which wne then exceptional,
many correspondent* are atJJJ hopeful ot «
good" yield. The, past week hssbeen fa'
yorable to the opening of cotton. Excuse
Ive heat has retarded gathering. The gen
era disposition seems to be to market
early cotton.”
Exporter* continue to buy contracts
this market.
Today's slight decline due to the eon.
tlnued favorable weather, the only
recorded being on Atlantic and
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-live
years’ experience of ad-
Itlng markets In Atlanta
nnd the South has made
him a recognised au
thority In bis specialty.
TIPS FLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON' MARKETS
.206,254
1906.
„ 7.000 to 9,000 1/H5
Inlrrston 19.000 to 21,000 11,711
I lea 19.900 to 20,900 20.292
The close was very steady at advances of
toil | ml ills.
It *«« rumored late the Giles report
wnr.l«l nhow a decline In condition of ,1
per cent since her lust report.
TODAYS PORT RECEIPTS.
The following table shows receipts At the
New Grlonns.
(inhesion. . .
Mobile
M.inrnmth. . .
hnrleaton. . .
Wilmington. .
Norfolk. . . .
Boston. . . .
Total.
1906
4821
12711
1146
*349
1644
X
1906
2264
18726
2124
19441
2087
8175
2476
87
INTERIOR MOVEMENT.
The following table shows receipts nt the
Interior towns today, compared with the
■nii' day last year:
WEATHER IN COTTON BELT.
•iL'. 1 ''vLann. clondy, 77; Bonham,
JUJ **: Sherman, clear. SS; Corsicana,
2f*5 Tyler, dear, 7»; Oreenvllle, clear,
nii,. I " 1, rlcnr - ?7i Shreveport, clear. 75;
Waxahatchle, clear, 90;
2I??''' 1 ’'clear, 83; Ardmore, clear. 75; Enid,
lull lS i Gatneavllle, clear. 76; Waco,
; 74: Tempi., clear, 79; Taylor, clear,
E. •il”!™' •‘•'•f. 80; Auatln. clear, *2;
we Antonin, clear, 71; Pine Bluff, clear, 75;
Will. clear. 76.
We*rf2!r Tr " , i p * m,, 1y and pleasant; MA
Srhi-«"'"I Plenaant, hard rain loot
Sf’ Montgomery and Opelika, cloudy and
fimrcln-rnbimhui, cloudy nnd cool to
ufoiS' tit Amerlen* and Atlanta, clear
™'"||, Albany and Savannah, cloudy and
..WEATHER FORECAST.
Florida. Alabama,
•M ihntfi _t ". r Mon, t*y: Tueaday ahowera
fienreu' r ,l * ht variable wlnda.
urth™! M.. r i "nd Tueiday; freah
Siuri i. 1 ' 1* <" “ntheaat wlnda.
™ fTjrlda—Fat, Monday and Toes-
•octheaet 1 ” wi'ndi?” ° n *“® M,t coa,,: fre * h
■vu"h"iCl!i., T r , “*~ T i 1 “ n '’ ,r atorm* Jlonday
■hmr.^y"orihweat portion; Tueaday
ImiI » r * n * o nth portion.
fMr»Iju n P showers
Htj ihn*I-I n nnr , th portion Monday; Tnes-
ArkSnJ,. inI ,oolw ‘ n !P oth Potion.
and .UtBMtr storms
lUlK ""2 Tuesday; cooler Tuesday,
nr. s li°wi*rs this afternoon or tomor-
&T 1 H a, LJ onl * ,,t "fV* tomorrow; cooler.
-ipfcwzsxr cooler ' on, * ,,t: f,lr
'^.’Srnw' 1 . 1 ' n ”' 1 ‘' 00,pr tonight; warm-
Rn<1 coo,er * tomor *
weather, the only moist
. “d^bSlng on Atlantic and suit
coasts nnd nt Fort Smith. Ark., but clear
and dry weather generally prevails. The
absurd manipulation of the foreign market
by frost reports In Alabama causing ti
little more bear aggressiveness.
A special from Houston, Tex., saj_.
**A majority of the reports show that ns
much cotton will be made as last year
except In south Texas, where there has
been a falling off. Thle Is-partially ex
plained by the fact that there was very
little weevil dnnmge In this section last
season, and that a ** *
expected was mad
the pest loot hat L
have been regarded at normal fast~sesson!
The western forecast Indicates showers
tonight and tomorrow, with colder weath
er.
The eastern forecast Indicates rains for
the Carolina! tonight and tomorrow, while
fair weather Is expected tonight and Tues
day In the balance of the district.
Our traveling correspondent wires from
Temple, Tex.: "Weather perfect. Two
weeks like this would make a big
provsment, especially where late. Move
ment should be enormous this week, but
pickers are acarce."
Private Wire to Wars ft Iceland.
New York, Kept. 17.—Liverpool cables:
’At the opening, market was ensler on scat-
:ered hedging, although quantity moderate:
afterwards affected favorably by reports of
frost In Alabama; nothing offering."
The New York market cmened a trifle
lower than expected on Liverpool cables
and selling/by commission houses. Locals
bought a little around the opening. See
very little In market at the moment, anil
believe we are In for a quiet market, unless
some changa takes place In weather condi<
Local crowd taking advantage of light
demand for cotton ana ara hammering the
mnrket.
Carpenter, Daggott ft Co. say: "We rath-
.j think the top In prices has been reach
ed and lower prices will rule for the
near future, and sales should be made on
very bard spots.”
The market Is very dull, bat it has a
good tone on bidding by ring traders.
Mason, Smith and Clay are doing most
of the bidding.
The weather map Is favorable. No rain
reported over belt and temperatures mod
erately high. Indications for cooler weath
or.
Reports of frost In Alabama are being ctr<
culated, bat private telegrams Just in de
ny them. r
Tho net stock of cotton In Now Orleana
la 18,515 linloo, nqolnst 49,527 last year.
The amount of mtton on ahlpbosrd Is
657 hales, acslnst 5,975 last year.
WARE A LELAND’8 DAILY
MARKET LETTER
ere of a somewhat mixed
chavacter, and the pressure exerted early
lu the day carried prices back to Satur
day's low figures, after which the market
proceeded to rally even more sharply than
on tho former decline, December working
bark to 9l28. For some rcaaon or other,
there waa no more eotton wanted on decline
than seemed to be for sale, and when
professional short* attempted to cover
prices rsn up readily. '"'***
active aud the
The atock market advanced further today
along specialty Unas and vigorous pool
manipulation, with an Incrtase In outside
tereat and a good tone to the actlre llat.
Tho market Is checked on too ngjresslve
advances hy the hanking element, because
of the money conditions, according to our
Information. The rather monotonona ad
vice of haying on reaction*, therefore.
seems to ns the best to be reiterated, and
the beat reault* have heen and wlil he
hy following »Vi'h * jr>W p r, < r! 1, ' 0 n n "
aft such that If cobMrvntisw |i now pne
sued a broad market may l " , ..J*t.r_eX'
pected with a v»ry extensive outatde spec-
illation There la o great deal of manipu
lation to sosWtn Interest, but Ode 19 to
he expected at the Inception of a good
market. There are mauy opportunities now
presented for profit through judicious op-
erattons. '
gibert 4 DAILY COTTON letter
New Orleans, Bept. 17.—Liverpool gave
i hales nt spots were sold
at an advance of. 2 points.
The American mnrkets declined to re-
■nomi on the opening to the Improvement
aiiroail anil prices worked slightly lower on
the genernl/y favorable character of the
wmther. Forecast for tomorrow, however,
la less reassuring, as JJ® f 5. r ’
titer rains and lower temperatnre*. In the
lute ot Texas especially^ a realisation of
inch prospect* would probably ninse some
for the movement already has
been greatly Interfered srtth.through fre-
ouent rain* and the reuorlerl acarclly of
nickers, t’lear, dry weather Is badly needed
and mostly » In the section* where the
tUc market’* undertone hat Undergone lit
tle If any, change In the ateadlnea* of the
contract market, hut reflects an equal
strength In the spot situation. Exporter*
hire Veen of late good buyer* of options
andtheonlylnflu.Dc.in sight to eflt^tually
NAME OF STOCK.
Amnlgnmated Copper.. . .
Atlantic Const Line. ....
Amerlcnu Sugar Hof. .. . .
Anaconda
American Locomotive.. • .
do, preferred. .... .
Amer. Smelling lief. ...
do, preferred. . ... .
Atchison , , , ,
do. preferred
American Cotton Oil
n"lf, r ' Car Foundry
Bnltlmor# & Ohio.
5“ k > Rapid Tran.. . .
Canadian Pacific
Chic, ft Northwestern.. • ,
Chesapeake * Ohio
Colorado Fuel & Iren.. . .
Central Leather. . . .. ! .
_. do, preferred
Chic, fc Great West'n, • .
Chic., Mil. A St. P. ..::
Delaware A Hudson
Erie r * 8 • cur,tl «•• •• • >
do.■preferred.’* [
Oenera-l Eiectrlc. . . . . . ,
Illinois Central . ,
teftifi?A"rak:::::
Mf. i . l o c ;aa n e!si. 1 ’•
NEW YORK.
{• rang* fn cotton ftj-
tures In New York today:
8.92 9.02
9.15
9.22 9.80
Sept. . ,
Oct . .
Nov. . .
Dec. . ,
Jan. . .
fob. . .
March. .
May. .
t’osed very steady.
9.a
9.56
Totnl stock sales today T^i
NAME OF STOCK.
V.. Onr. ft Western.
NntL'iml Load
Northern l’nclflc. . , . ,
New York Central. . .
Norfolk ft Western. . .
Pennsylvania. . * * # •
People's Gan
Pressed Steel Car. • . «
_ do. preferred
Taclflc Mall. ,
Reading. ........ *
Republic SteelA ....
Rock Island. ......
do. preferrod
United States Rubber. «
do. preferred
Southern Pacific. ....
Southern Railway. . . .
do. preferred. ....
Sloss-Sheffleld. .....
Tenn. Coal ft Iron. . . .
Texns ft Pacific
Tnlon Pacific
United States Steel. . .
do. preferred
Va.-Cnr. Chemical. . . .
do. preferred
Western Union.
Wabash , ,
do. preferrod. ....
Wisconsin Central. . . .
'referred
Private Wire to Glhert ft Clay.
New York, Bepf. 17.—This week’s happen
ings will almost surely Include some Impor
tant development connected with the
shares. The coalers promise furth %
strength, nurtlculnrly Erie, while the move
ment In the Pennsylvania group looks ex
tremely Important nnd Indicates buying «»f
the right kind. Monetary conditions are
better, as reflected by the hank statement,
and oar private cables this morning mlvlse
of f400,000 engaged for shipment.—Marshall,
Spader ft Co.
A London special says: "Gold to the
amount of £360,000 was bought today In the
nneii market for shipment to New York.”
•xpect Improvement In the stock market
lines. Frequent reactions, we believe, wm
occur this week. As a rule, we would buy
standard stocks on all fair recessions for
turns, at least. Financial press comment
this morning Is favorable to Improvement.
Information emanating from groups is bull
ish. anil they are pleased with what re*
START WAS HIGHER
FOR MOST ISSUES
Stocks Showed Strength
and Made Sharp Ad
vances First Hour
READING WAS SCARCE
dnmentnls are strongly or
nlque Is good. From ansr to day
to he removed, one of the almost certain
► day stocks seem
LIVERPOOL.
Th» following flgnrcs glv. the opening
faflg* and cloae, compared with yesterday's
Futures opened quiet and steady.
Opening. i'revlot
Range. Cloae. Clot*.
•is |:Sh fcgg 1)1
,..6.01 -6.00 6.02 5.00!
*
-.6.02 -6.011*
•B.06V4 6.061
.6.06 -5.09 5.071
..1.05 -5.10 6.09
.5.09 -5.12 6.11
September. ,
Sept.-Oct..,.
Oct.-Nov. .
Nov.-Dec. .
Dec.-Jm.. .
Jan.-Feb. ,
Feb.-March.
Uarch-Aprll.
NOTES ON GRAIN
Pointers on Provision!.
Private Wire to Glhert A Clay.
Chicago, Sept. 17.—Wheat cables allow
good strength, and sentiment here la grow-
w!i.at 0Ce favorable In the long side of
Corn acta weak.
Selling orders In everything b4 every
I 1 . Kldgton supported mnrket
wlow 49c. There eeema to bo n few buy.
•n* orders here. *
proviilou* n shade lower, rockers doing
nothing *o far. Modernte Inveetmcut buy.
laf.ol.January riba. Pit traders selling;
trad# light. '
Prlavte Wire to War. A Inland.
Chicago. Sept. 17,-The Record Herald
"Argentina has been shrinking very
rapidly alnce July 1. and India also has
dropped out of the severe competition which
American wheat has mat In the European
market. It remains to be demonstrated If
tho European couiilrle, con remain lode
pendent at a time when they are relying
upon America for about half of. their curl
weekly Imports.''
|p h dsy of favorable weather la bring.
- _ millions of late corn ont of the way St
danger of frost. A number who hare been
successful on the short side of the mar
ket from above 50 down hava latterly been
quietly taking the long side on a fairly
fmporrnnt acale.
steady.
ALL THE CEREALS
NEW ORLEANS.
today:
SIfvT;
8S::::
Jnn. . . .
Feb. . . .
March. . .
May. , .
very steady.
II
m
9.26-28
f.29-30
9.3S-39
9.44-46
9.62-M
9.65-66
9.16- 16
9.17- 19
9.19-W
9.2S-29
9.86-37
9.42-48
9.56
Higher Cables and a Better
Demand Were the Chief
Bull Factors.
Chicago, Bept. IT.—The bears fn grain
were Again victorious, the beet prices
falling to hold to the close. There was
long grain to come out and short lines
were put out by hedgers as well
the "dyed-ln-the-wool" beara.
There were Increases In the visible
supply of 1,029,000 bushels ot wheat,
1,000,000 bushels corn and 86,000 bush
els oats for the week.
The German potato crop shortage fig
ures out over 900,000,000 pounds, as
compared with last year. The estl
M , . .
The gain In oats was larger than In any mate Is a private one.
train, ami ,tb«re was mneb more a£ Closing prices showed wheat 3-8©
tlvlty and speculative Interest. The gov-
-nment crop report showing that the yield
this year was about 160,000 bushels less
jn that of lasf ‘ ‘
fluence un oats.
Provisions fairly steady and doll today.
Packers not bidding for anything aa yet
There Is aome selling of January staff by
brokers that looks like Cudahy. Commis
sion houses hove baying orders for January
Chicago Inter Ocean; “America la fnr
nfshlng 40 per cent of the. wheat exported
by all of tb* countries ot the world,'’
mined resistance to preMure, even at the lU ld one of the largest cash handlsrs who
10-polnt advance that took place In the has been extremely hetrleh on wheat for
day. ItejMirts from tha south continue to » month, hut he thinks It Is time to look
show deterioration, but the strength of - ....
the market was due more to etendy ab
sorption of spot cotton by exporters, and
corresponding Indisposition on the part
of larger Interests to sell than to drop ac
counts. It looks very ranch as though
prices had reached a point where the ale-
inn ml from the trade waa sufficient to
absorb offerings and look after the short
cotton that Bka Imcn poured Into the mar
ket from time to time. It le, generally
known that an extensive ehort Interest of
a concentrated variety exists In one or
two quarters, and under the circumstance*
It would not surprise the local operators
If these abort* were forced to cover be
fore the next bureau report. Cotton seem*
to bo r pn«-t!*a« on svery eoft snot.
Forclf n<
era must hava some wheats and we have
It to sell, hut It looks to me as though
the foreigner will have to come after
sending on
con
GIBERT & CLAY
• Alabama st.
stocks: bond*.
COTTON. OSAINi
coerce, pisovisi on*
ATLANTA, OA.
Eiehtnga.INew Orleans Cotton Excbangs.lCWcago Board 0* Tj*6»-
- fe 335 ISSfe 8SSS ^ ?E«Io.VvSSA c «o a *e«
L * c * 1 »n6 Long Dlstanol Tslsphont*5298.' Excll,n ^ n, FAGAN, Man*o*ri
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
said M. l f , Wataoo. ..
Minneapolis, who was her# Saturday. “The
beat la there, nerertbsltaa, and will mova
In time, Cara are scarce, and otbtr crop*
have la bn moved, Which la causfhg tho
disappointment In receipts. In Minneapolis
there were 450 rare on tracks Saturday. A
message from there aali), There are com
plaints from the country shout cars, as ele
vators are foil. Bain* have not Iveen heavy
enougg to Interfere with threshing yet.'
racking In Chicago alnce Slarch 1 ehovre
an Increase of 197,0M hogs over last year.
M’CULLOUQH BROS.* FRUIT
AND PRODUCE LETTER
„jpt. fS.—Both lire and dreated
poultry are end have been very scarce for
more than two weeks, ntceaaarily, cansing
a very active demand at advanced prices
To the contrary, egga are ehowlng some
weakness with Indications of eren farther
decline. . . ,,
A steady Improvement to noticeable Iq
the butter market, price* being better now
tb riBh°potatoM t |n*y«y'light aupply with
P Both a receipte*e , nif demand on* cabbage
normal
Sweet potatoes plentiful with price! show
In* a lower tendency.
<o chance of note applies •«
basket grape* from Ohio and Mlahtoan
SKidLji^'-SaKthJlVTOffi
P The 0 Sem*nd tl |* f *too r atnmg*for California
fruit, especially Tokay grapes and freestone
^The'flrat Florida orange* of the season
are now on the market. However, they are
too grotn to soil to sbj advantage.
Lemon* continue very high; In fact, art
now selling for mors money tfcin for f«v-
e> Bananas are atlfl^suffldantly low to an*
Ing.
8-4c lower. Corn, 8-8©l-2c lower.
Oat», 1-801-4C up to l-8©l-4c off,
and provlalona fractionally lower.
Cash wheat was In fair demand and
steady; corn, l-l©lc lower; oats, l-4c
lower. Offering* of new com were
larger. Cash houses sold com and
oata.
Provlalona were dull all day.
Primary receipts of wheat 1,906,000
bushels and com 730,000 bushels, com
pared with 1,501,000 and 691,000, re
spectively, a year ago.
Clearances were 908,000 bushels of
wheat, with flour Included aa wheat;
89,000 com, and 14,m) bushela oata
Cash sales here were 7,000 bushels
wheat, 10,000 bushels com and 61,000
bushels oata
CHICAGO GRAIN MARKET,
Chicago grain and provision quotation!
>r today follow:
Pravloua
Cloae. Cli
1111
1111
III
NF.W YORK COFFEE MARKET.
New York. SepT 17,-The coffee market
E d steady, aamrdlns to the; dej-
nn, at a decline of 10 to 16 pujaba »•'
h on the opening sales It looked at
though the decline wee sot actually greater
than 6 to 15 points The market showed Its
steadiness of tone hy holding around to a
little better than **!??
Ing tho morning and at mid-day waa 5 to 10
net lower.—Olliert A Ctoy.
Following to the opening range and cIms
of tha New York coffee market for to-
d * T ' Opening
Range.
January i'2H 1 ?
Febraary J-7M-6
Match
Jnne l-g-Jg
November .. • ...fftM-t)
December.. ....... 8.70
Clooed steady.
Close.
6.65- 6.70
6.704.80
$.9Q4M
69^446
3.9341M
7.00-7.06
7.66- 7.11
remove the neural .barrier of reetotance
■earn, to be the weight of actual cotton
when the movement become* freer.
Open- nigh. Ixtw.
THEAT—
. t 71ft
p* m
te- 77 *
"Be R
PonK—
Sept 17.00 .
Jan.... 18.00 13.00 12.96 12.96
LAPP—
SS!:: I:§h
Jan.... 7.76 7.76 7.70 7.70
SIDES—
Sept... 8.96
OCte.ee 8.B6
Jan.... 7.00
C’ASir IVIftJAT- *
No. 2 red 72*072; No. S do 71072*:
2 hard winter 7fiffi74; No. 3 do 69072.
THE LIVERPOOL GRAIN MARKET.
8.96
8.56
8.96
13“
X-75
9.95
vsr,
7.00
He higher; closed
unchanged to' He low-
THE PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat and corn today:
Wheat—Recelpta 1,905,00# hnaliela, against
1,601,000 hnshels last year; ahlpraenta 1,850.-
000 bnahelt, aaalnat 940,009 bnaheto last y.-ar.
1 Corn—liecrljJt. 790,900 hoaWta nenln.l
•02,000 bnaheto last year: shipment. 54i.<m
bnaheto, against 1.067,000 bn.hrls lost year.
COTTON CONDITION
IS SATISFACTORY
New Orleans. Sept. 17.—Reports te ns from
ft, larjre portion of the cotton-prodnrlnc re-
Rlon Indicate that the crop Is doing fairly
well In most sections, although complaints
of wilt, shedding and rot are made from
localltle* In the central and east belts.
There seems to be no dodging the fact that
the crop Is aome what late over a good por
tion of the belt The moat aurpiistnc thing
?£° u ! our sports. !■ that they Indicate that
the Texas crop Is doing well on a whole
and the deterioration which aome operators
nave made so much of Is not taking place.
Little damage by Insects la Indicated and
picking Is progressing rapidly and farmers
are disposed to sell at the market. Reports
from Mississippi are not so good, ns they
indicate considerable deterioration, but they
■tat# that much eotton Is open nnd that
gins are running full time In many coun
ties. in spite of the deterioration, tne opin
ion la expressed that more cotton will he
raised than last year In the majority of
localities. Georgia complains of too much
rain. The crop In that state Is undoubt
edly late. In Alabama the ginning seems
to be well behind list year and complaints
of rust are numerous. At the same time no
one seems to anticipate a short yield when
compared with last year. Taking the belt
08 a whole, farmer* are Inclined to sell nt
the market nnd there Is Utile disposition to
heed the efforts of the Ronthern Cotton As
sociation to fix the minimum price at 10c.
In many localities, however, the opinion la
that farmer* will hold If the price to them
falls much below 9c.
COTTON SEED OIL MARKET.
New York, Rept. 17.—The market for cot
ton seed oil wne steady. The same support
that characterised the previous day’s trad
ing was In evidence on Saturday, anil offer
ings were light. There continued a good
signs of comluued Improvement Money
funds Indicate thnt no stringency will oc
cur, but flurries are likely, nnd easy condi
tions will not rule for some time. Ilut sp«
clalty movements are not profited by tnl
situation. The smaller pools are belni
encouraged to further aggreeslon, whlcl
Is a sign of Inside optimism.
Private Wire to Ware ft Iceland.
New York, Sent. 17.4—I*ondon flrm with
il strength fn LouIsyIMo nml Nashville,
era Pacific nnd Amalgamated C<
Two millions gold engaged for New
In Londou, Further advances may tnko
place In Reading and Baltimore nnd Ohio,
but thluk they should ultimately be told.
Hear that Norfolk and Western will cross
par this week and Pennsylvania nnd Chesa
peake & Ohio are likely to work higher.
Copper and Itea** ~ **
tures, and talking
Ohio.
It Is confidently expected that Car Foun
dry will declare a dividend on the common
this year. Good buying of It. t
Ilnrrlman pacific acting well ond think
Steel* should do better.
Dow-Jones ft Co.’s summary:
Amerlcnu stocks In London firm, with
especial strength In Amalgamated nnd
Southern Pacific.
Four hundred thousand pondds sterling
bar gold bought In London for New York.
Thirty-eight roads for first week of Sep
tember show average gross increase of 12.83
per cent
Katy L—....
common after pi
1.79 per cent,
Court sustains constitutionality of Muel-
.declined .86 per cent.
Twenty active railroads advanced .14 per
cent.
the recent .. ....... w
buy except In very small lota. The market
at the close was steady, with prlcest un
changed to *c higher.
STOCKS REVIEWED
BY NEW YORK SUN
New York, Sept. 17.—The Sun sere: After
n strong opening lset Monilny the stock
merket re*ctc<l eomewbet nnd fluctustrd
rather nervously throughout the week, pre
serving, however, s general undertone of
greet etrength. It esn only be snltl that the
outlook le for higher velues. YVe sre atlll
ndmtttodlr not entirely out ot the wood* a*
regard* the money eltnstlon, and yet It
seems ss If this wee s matter wholly and
abundantly under control. Engagement* of
gold for our account In foreign psrto lit tho
course of the last fortnight have footed up
try before the movement cense,. While
year, CVlUHai/ ■cell! inuiqiiqi- sssiss
nothing like stms In thle renpcct trill ngnln
tin witnessed. As concerns tho constructive
aids of the market, proeperlty of tho conn-
Missouri Pacific Was the
Strongest of the General
Railroad List.
New York. SopL 17.—Tho confidence In
spired by the restoration of the surplus
Imnk reserves and the belief thnt the local
money position la really very much stronger
than Saturday's figures revealed, was again
powerfully reflected In today’s stock mar
ket. According to London advices, J2.0OO.000
more gold was tnkerf there this morning fur
export to this side. Although do official
confirmation was given by Importing houses
here of the transaction, the banks gutnrtl
from the sub-treasury since Friday $2,iCX>.000
nnd the week bagan actively with a sub
stantial credit In their favor.
There was no change In money rates from
what they were ruling nt the latter half
of last week. Loans were freely mnde to
stock exohnnje borrowers nt 5 per cent, nnd
6 per cent was still obtainable by borrowers
on long time having first-class collateral to
offer.
The mnrket started off with considerable
Irregularity, following a somewhat uncer
tain opening In London. Rut during the
first bout Bending, Baltimore and Ohio,
l’eniisylvnnln. Louisville nnd Nashville and
New York <’entrnl were bid up on heavy
trading. While feeling the encouragement
of the locomotive company’s splendid re
port, the entire group of railway equipment
-rocks made sharp advances.
Tho Copper sharer were also bought with
imi' i, »'iiiiiM.-iluNiji. Tnuiir-l mid day. how
ever, speculative Interest ngnln shifted Into
was atrong and mauy stocks mnde shnrp
advances. The leaders In the trading were
Read log, Missouri pacific, Baltimore and
Ohio aud Steel preferred. There was only
a scant supply of Reading nt the open
ing. and after a few sales at 162. tho prlcr
thelr bull
readjustment of
try Is such that the‘general phrases necei
sarlly used to describe It
nro weak and
(fyr huge harvests havo Justly Inspired
S U classes of people with confidence, nnd
i consequence orders nro being addressed
to the manufacturing centers by railroad
companies tor new supplies and materials
of every description In n way that Insures
profits to these concerns for at least six
months ahead. There nro few. If any, sa
gacious observers who are Inclined to re
gard ns of substantial adverse importance
In view of the existence of great favorable
factors thnt have been named, such mat
ter* ot political debate n* have recently bo-
come prominent.—Gibert ft Hay.
of the —- .—PHI—
the holding of tha coal lands. Tho «na..
was the Incentive for most of the
S of Baltimore and Ohio, which rote
,, against 12S?4 at tL« close Saturday.
Amnlgnmated had on excited opening, nnd
J dvanced In early trading to 114*. Anneon-
a roae In the same time 4* to 288*. Mis
souri Pacific was the strongest feature of
the general railroad list, advancing to 100*
after early sales nt 99»d. A largo num
ber of otnor stocks mnde gains ranging
from small fractions to over 1 point. Lo
Other bonds flrm.
THE LONDON STOCK MARKET.
Atchison.. ..
Canadian Pacific.. ., .... .
('hie., MU. and St. Paul
Erie ....
Illinois Central... .. .. .. ..
J.oulsvlllo nnd Nashville
Reading .. ..
Pennsylvania »•
Southern Pacific.. ,» «• ••
Union Pacific.. ••
United State* Steel ..
do, preferred
[2pm]cios|rioj
.... 287* 287*.2824
IOS*!ins*fl08i,
17S<ll7*SH78
—* 177* 178
48 \ I
173 171*
162* 150*
154*1149*4
143% 143
94*1 94*
« |18S\
. 46*' 46*
106%il07*!l06*4
94*
THE 8UOAR MARKET.
New York, Sept. 17,-The local refined and
raw suMr mnrkets were steady nml un
changed. London beet sugar weak; Sep
tember off 1*<1 at 10s l*d, nnd October off
3d at 9s 0*d.
Wheat..
Cora,.
Oats., ,
Hogs..
am
80000
253
30000
NORTHWE8T CAR8.
The following figures give tha northwest
cars of today, ust waak and Inst year:
!#ast Last
Today. Week. Year.
Minneapolis.
Duluth. ... .
SOUTHERN EXCHANGE
Oldest Eetabllflhed Office South.
COTTON STOCK BONDS GRAIN
Ground Floor Ooulil Building. Dally
mnrket letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Cormpondent’s Capital $250,000
REPKRINCC. THE NEAL BANK
PHONE 14(7. PRUDENTIAL BLOC
Frank Hawkins, President
H. M. Atkinson, V. P. Thoms* C. Erwin, Asst. Cashier.
Joseph A. McCord, CaoMer. R. W. Dyers, Asst Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
DIRECTORS I
Frank Hawkins.
H. M. Atkinson.
Joseph A. McCord.
J. II. Nnnnnlly.
J. Carroll Payna.
E. B. Hosaer..
David Woodward.
32 % Compound Interest
Is the rate your money will draw If depoilted In the 8AVINGS
DEPARTMENT of • .
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and Inapeet our quarters and investigate
our facilities to eerve you. A hearty welcome awaits you at thla
bank.
ASA G. CANDLER, President.
W. H. PATTERSON, Vlcs-Pres. . A. P. COLES, Cashier.
JOHN 8. OWEN8. Vlce-Pres. WM. D. OWENS, Asst. Cashier.
COTTON^cftAm, f’RO^ISIONsS'm^KS^BONDS,
ffe. 2 Will St., Ftttrs tulMltif, Atlals, 0b.
fnr far! Caffaa fxtftae#*. Chlago Board it Trade.
Mow Orltani Cotton tiehongr. Ckhaao Stotk itthango.
Ihtrpool Cotton Aoootlatloo.
rrlrato WUti fa Mow York, Sow Orloaaa, Chicago.
Boll Pbont 1262.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
WM. L. PEEL. President
ROBERT F. MADDOX, Vico President
MADDOX-R ETCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi
annually in our Savings Department.
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
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