Newspaper Page Text
■HK ATLANTA UiiJUKlilAN.
■1UK8DAT, SEPTEMBER is, raw
DID il COME
placed the Condition at 72.5.
Slum of 6.4 in Two
Weeks.
jT WAS DISCREDITED
: Aud After an Opening Ad-
•anee Prices Gradually
Worked Lower.
i mlvii'ct iliirlns the morning
:i .loi'liloillT oncoumglng rhsmcter,
__.,llv III the fnturn, dopartnunt. tin*
If,”lni! thuning 6tt lo Point* advance.
dose wmi barely steady. 4 to 8 points
Wsh'"
‘f’ii
pool today:
Oft.-Nw
March-April..
Hay June
Open. Hlch. I.
!eOW.
*.07
5.03 5.14 5.08
5.14% 5.17 5.13
. . .5.18 5.21 6.17
On tli'* better Liverpool advices New York
fsturei
ictivo positions. but up to 11 n. in. opening
",i,.,.„ wore higher i» most lnstnnees. prices
p - hour showing almut even with the
,* clos
report wns expected bjr the
sustain prices If not cause a sharp
Most of the early buying was on
that"'theory, ns It wns expected to show
considerable deterioration.
- n»*t the expectations of a very few nnd
discredited by a great many,
unde tlo* condition 72.6.
. weeklv weather report Is satisfactory
with little or no etfect upon market prices.
Tho weather ns a rule wns warm, but the
precipitation for the most part wns below
. astern forecast Indicates showers
toidzht and Wednesday for tho Cnrollnns
nnd Georgia. Partly cloudy weather In
Florida and fair tonight In both Alabama
and Mississippi with probable showers In
Alnhnniii tomorrow.
lionvv rainfall wns reported In sections
nf Georgia nnd South Carolina, resulting Ik
uslderabh* dntuntte to cotton, which, bow
, r. could bo repaired with clear nnd warm
i*fl flier.
Comparative receipts at all United
States ports:
.\.-t receipts today . 47.134
Same day Inst year 48.593
i,•crease 24.913
tnl receipt* since September 1 311,721
mo time last year 618,544
(ecr-nse 1QM23
>t linn ted receipt* tomorrow:
1006. 1905.
« Orleans 8,W0 to 4.900 2,676
Ivcstou 8.000 to 10.000 11.224
m „o,i 8,600 to 9.500 11,623
At the close the tone was barely
steady 6 to 11 points lower.
SPOT COTTON MARKET,
Liverpool, cotton,JiP^t t qulet rt itud steady;
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Ware & Loland.
New \ork. Sept. ra.Mveruo.il future,
« l-olnt* up. At 15:15 p. m..
U| ’* ®nd quiet, but steady. Rales
1 points up. Futures due
to come 3U«6 up.
I rlvnte Liverpool cable: "Market nf-
reoted favorably by short covering. South
offering less freely."
this t
Our
open
ting.
morning
n bit dls-
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty.five
yenrs* experience of ed
iting markets in Atlanta
and the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
New York quiet nt 9.75.
New Orleans firm at 9 516.
Augusta fl«*m at 9%.
h steady nt 9%.
.ifllvpMicn firm nt 9 7-16.
Wilmington steady nt 91-16.
Bid timer*- nominal nt 9%.
TODAY'S PORT RECEIPT8.
Tim following table shows receipts nt the
today, compared with the snme duy
1746
18721
1812
11940
3474
3667
6939
INTERIOR MOVEMENT.
The following table shows receipts at the
Interior towns today, compared with the
ny last year:
GIBERT & CLAY’8
DAILY COTTON LETTER
Yen Orleans. Rcpt. 18.—The Improvement
l.herpiHd wns attributed by cable* to
iiHldiTnlde covering by shorts ami also to
•• fa, i that offerings from the Houtti were
‘re limited. Options netted on the close
wbi f 7 to 8 points, while spot sales
•re 6,610 Imles, quotations 4 points higher.
the early trading of the local market
''••s ruled strong nnd steady oif covering
Mmrts. but outside speculation continues
Indifferent that advances lacking a more
•althful support from the soot situation
• difTieult of mnlntcnnnce. Todny a grow-
lImposition on tae part of holders to
"» »he Improved basis was observed,
rthe’oss there wns a g*w1 demand In
.. . 1 •• and offering* were more or let*
limited when contrasted with the new!* of
••I'ligations.
vent her for the past week, ns Indl-
r the government report, was gener-
1 orable for picking, the rainfall l»e*
>w the normal and the sunshine nm-
■iii which it might be Inferred nml
rene»* is supported by the receipt of
advices to that effect, that the
•nt shortly will assume very large
The market for the moment,
displayed a tendency to resist
v , * to force values down nnd until
• *t*. i !„. r shipments are flnnlly fulfill***!
ruble steadiness III prices will prob-
ANDER80N & CO.’S
DAILY COTTON LETTER
York, Sept. 18.—Liverpool was
j - •f" r than expected this morning, caus-
,n 8 ’h'* N«*w York market to open nt an
nml the demand was very poor. Liverpool,
New Orleans and commission •houses nil
sold. Do not believe this advance will hold.
Ilntton continues a Mg buyer ngnln this
morning. Some here think Price covering
in Liverpool this morning.
New Orleans, Sept. 18.—Liverpool cables
are favorable enough, so far ns futt
concerned, but spot sale? of 6,00
are nothing to hrag of.
Taylor, Tex., wires: "On account of the
vast amount of cotton now l*clng gath-
?«*«*! • beginning tonight alt gin* of the
\\ lllianis Bros., of this city, will run ulgf
and day, working double forces, until Tl
present week Is over."
Around the closing yesterday, a raft of
December was for sale at 9.30c. It la
said that one firm, which wns it good buyer
nt times yesterday, l>ougbt 7,000 bales of
this cotton after the market closed, and
I ►egged for more.
The market is narrow nnd dull. No de
cided tendency either way Is displayed.
Spots are firmer unchanged to l-16c high
er. About 600 boles have been traded In.
The weather map Is favorable. Practical
ly no rain Is reported over the cotton
belt.
The cotton market has shown some Uttle
Inclination| to work np since opening
buying by roinmlslaon house*. Locals
fighting the advance, however. Weld,
(.wiltlimey, Dave Miller, Springs and lleutx
are aJJ heavy so!lorn of December ami Jan
uary. The ndrnnee of yesterday nml this
morning looks fictitious. Don’t believe it
will hold.
The weekly weather reports
more favorable than otherwise.
o. b. have been sold.
Weld nnd locals selling since Silts
•port.
The market Is not remarkably stro
spite of the very bullish attitude of
pooh Sf>ofa were quiet and Arm ou a
mount of business.
Well Bros., Montgomery, Ala., say:
lug general now through Atlantic a
Movement for next mouth will like
record-breaking.
Prlrate Wire to Oibert A Clay.
New York, Sept. 18.—Liverpool c,
"Advance due to shorts covering and
offering less freely."
Market Is due to advance a little, but do
not expect a material advance.
New Orleans, Sept. 18.—Liverpool 8 up
Is a surprisingly good market. Wns due
about 5 up. Spot sales are below the aver
age recently established, amounting to only
6,000 bales.
our traveling correspondent wires from
Vaco, Tex.: "Crop from Temple to Waco
good; opening very fast."
A c’nineron, Milan county, Texas, dis
patch says: "The excessive rains for the
past month have very greatly Injured the
cotton crop. While In the bottoms In this
county very fine crops have been made,
some farmers claiming a bale to ths* acre,
the rain has caused a very great deteriora
tion. large quantities of It rotting on the
stalk. Cotton pickers nre In great demamb
ltd farmers are rushing every
uit comes to get the cotton out.
Market hesitating, some long realising and
Inclination of room trduders to hammer,
causing easiness.
The western forecast Indicates for west
ern Texas fall 1 nnd eolder weather tonight
and Wednesday, for southeastern Texas
showers tonight, fair tomorrow, while for
the balance of the western belt showers
nnd colder weather throughout tonight and
tomorrow. ....
Today’s map Is only fair. Heavy rains
hnve fallen In the Atlantic*, and. the
storm reported in that district Is said to
be heading for the north Mississippi valley.
Texas Is dry and cloudy, with much low-
er temperature, nnd nt Santa he, N. Mex.,
light frost has occurred.
Director of the Census North makes a
correction in rtnnliigs of 1906 as follows:
Published, total bales 10,697,018. Corrected,
total bales 10,725,602.
WARE A LELAND’3 _____
DAILY COTTON LETTER,
New Orleans, Sept. 18.—The worst
puzzled people In the world today were
the professional traders In the cotton
market. Liverpool was very strong
and heavy buying on the curb here
last evening created the impression that
the Giles report was very bullish and
had leaked. Early In the day rumors
said that the Giles estimate of condi
tions was 72.5 nnd two hours later It
was officially announced that these
were the correct figures. It was hard
to persuade the trade that some one
had been a good guesser, and that the
figures were not known last night. Evi
dently the program that had been
mnpped out was to load up In antici
pation of the bullish efTect on the pub
lic of this estimate and then to unload
when the figures were Issued. Some
operators even went so far as to say
that tho estimate had been manufac
tured to order. This program was car
ried out so far as the loading up was
concerned, rumor having It that one
firm alone bought 7,000 bales of Decem
ber nt 9.30 on the curb here last even
ing, and the advance of 10 points In
the Liverpool future market wai un
doubtedly a continuation of this load
ing up. The public, however, refused
to take kindly to the figures put out.
The dose was a little too strong. Even
the chronic bulls refused to believe that
the condition of the crop had fallen
from 78.9 (Giles estimate of the condi
tion on August 31) to 72.5 In two weeks
time. The consequence was that yes
terday’s buyers were sellers at a loss
Instead of a profit. In the early hours
prices made a half-hearted response to
the advance In Liverpool, but later they
fell oft until they were a few points be
low the level of yesterday's closing. At
the middle of the day It was hard to
Hind any one with a very decided opin
ion. The weather was good, except in
the Atlantic, which were swept by a
tropical storm. Spots were In fair de
mand and moderate supply.
J NEW YORK.
j The following Is the range In cotton fu
ture* In New York today:
'
a
=*
|
i
II
1
il
1 8epf
Oct
- Nov
• Dec
Jan
Feb
March. . . .
May
8.92
9.10
9.22
9.36
9.43
9.52
9.67
9.68
8.92
9.10
9.::
9.36
9.43
M2
9.60
9.09
“TH
8.92
9.08
9.22
9.31
9.61
9.46
9.67
*.**
8.92
9.08
9.22
i!n
9.51
ii
9.67
8.92-93
9.06-07
9.21-23
$.ti-r
9.37-39
9.46-48
9.66-68
90-96
.02-03
16-16
29-30
37 JW
.44-46
62-53
66-67
advance of 5^8 points. This strength wns
occasioned by the unfavorable weather pre
vailing over the eastern belt and the ru
mor o" a bullish condition report to be Is
sued by a young Indy statistician. The
higher level nt the opening, however,
brought out the usual profit-taking and
short selling nml prices broke doun
to 9c for October. The market Is almost
entirely In the hands of the ring traders
for the time lietng. and they seem to l»e
content with scalping operation* ui.tl the
situation clears up. I’orts were miner
heavy today ns compared with last year,
and the believers In a large crop Halm
that the movement will Increase rapidly
now. bearing out their opinions ns to the
alx.. of the yield. In the meantime, the
anot demand continues good and nil offer
ings are promptly taken. The report front
Vti-- Giles for the semi-month showed a
condition of 7° 5 nnd was considered bull-
fsh. Wo believe the large crop wthnates
will now begin to scale down rapidly.
NAMB OF STOCK.
Amalgamated Copper..
Atlantic Coast Line. ,.
American Sugar Bef. ..
Anaconda
American Locomotive..
a preferred. . . •
Arner. Smelting Bef. . ,
do, preferred. ...
Atchison ,
. do. preferred. . . . ,
American Cotton OIL . .
Car foundry. ..
Baltimore A Ohio. . ,.
Brooklyn Rapid Tran..
£nnadlan Pacific. . . .
Chic. A Northwestern..
SSfWpftka a Ohio. . .
Colorado Fuel a iron.. ,
Central Leather
;
Ul.tlllor'. B*curltl*. !
Brl.
ilo, nr.f.rrwl
Oj-ner, 1 Klwtrlc
Illliml, Central.
Loultrllle A .Va.iirllle..
Mnlran Central.. ... .
Wuuuri Pacific
NAUR OF STOCK.
.V V.. Ont. tt Western.
Nuticiml l/Wid
Northern 1’adfic. . . .
New York Central. . .
Norfolk A Western. ..
Pennsylvania. . . . , .
People’s Ga*
Pressed Steel Car. , • ,
do. preferred. , , * ,
Pari tic Mall
Rending • * •
Republic Steel
Bock Island
do. preferred
United States Rubber. ,
do. preferred. . . . .
Southern Pacific. . . . ,
Southern Railway. . . «
do. preferred. , , . .
Sloss-Sbeffield. , * , • «
Tenn. Coal A Iron. . . ,
Texas A Pacific
Union Pacific
United States Steel. . .
do. preferred. . , • .
Va.-Car. Chemical. , • ,
do. preferred
Western Union
Wabash. . •
do. preferred. . * . ,
Wisconsin Central. . . ,
referred.
Totnl stock aalea today 1.467.000 ■hnres.
LIVERPOOL.
The following table gives the opening
range and dose, compared with yesterday'*
clo*e:
Futures opened firm.
Opening **
September. .
Sept.-Oct. ,
Oct.-Nov. .
Nov.-Dec. .
Dec.-Jan...
Jan.-Feb. .
Feb.-March.
March-April.
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware A Lelnnd.
Chicago, Sept, 18.—Very little wheat on
the market. Freedman buying In some
short stuff, and the general oenttn
bullish. No disposition to gat shot..
Cables do not reflect the weSknuss of
wheat here yesterday. Weather Is good lu
the northwest, which will stimulate the
movement.
Expect to fee another good market for
wheat and corn.
A good demand noticeable for the De
comber oats. Receiving houses been large
buyers. It looks ns it the shorts In Sep
tember and December outs have a mer
ry time.
Chicago Inter Ocean: Exports of flour
nnd wheat from the United States during
August were equal to 12.688.000 bushels,
compared with 4,231.000 last year.
Corn exports were 3,163,000 busBele,
gainst 4,844,000 last year. Of oats, exports
were 640,250, compared with 1,096,439 last
year.
* Kansas City message said that they
lota of corn down there this year, and
that the farmers nre now feeding some of
crop,
of contract grain In Chics
Whent 8,838,278; corn 66,182; ont* 814.742.
Stocks of grain In elavutors In Chicago:
Whent 13,878,000; corn 1,107,000; oats '
480,000.
Ames Brooks, Duluth, wired: "Durum
whent Is lc lower under^jweaaurejif coum
present
direct export and 16,000 buahela of made
lots. Sales of corn were 260.000 bushels
nnd of onta 100,000 bushel*. At the aen-
board, exporters aold 120,000 wheat nnd
100.000 corn. „ . . . „ #
At Duluth, exporter* for whent to Buf
falo nre 2%e. There ha* been tonnage en-
for 2.000.000 bushel* of wheat
Inst half of November. The
rate Is 4c, Including warehouse storage at
Buffalo.
THE WEATHER.
LOCAL FORECAST.
WEATHER CONDITIONS.
The storm that was central on the eonat
of North Carolina yesterday morning has
taken a very unusual course, moving to
the west, nnd Is now centered nenr Knox
ville. Tcnn. It has caused general rains
In the Carolina*. Georgia, east Tennessee
and Virginia. Over the rest of the cotton
belt Hear weather prevails. The following
heavy rainfalls hnve occurred In the last 24
hours: Greenwood, 8. C., 2tfO; Bateshurgl 8.
(\, 2.38; Columbia, H. C„ 2.30; Blackville and
Greenville, 8. C„ 1.90; St. George, 8. C.,
1.86; Waynesboro, Ga., 1.80; Washington,
Gn„ 1.62; Griffin, Gs., nnd Toeron, Ga.,
1.35; Spartanburg. H. C., 1.16; Augusts, Go.,
1.30 Inches. Bain has fallen at a number
of stations In the west ami northwest.
The northwestern nrea of high pressure
i moving slowly east, centered In Mon
tana.
The conditions favor clenrlng weather to
night, fair Wednesday.
COTTON REGION BULLETIN.
For the 24 hours ending nt 8 a. m., loth
meridian time. September 13. 1906.
Range. <
. . .5.09 -8.08
. . .5.12
. . .5.14H-6.13
. . .6.16 -6.16%
. . .6.18 -6.17
► steady.
5.28
5.15
tt*
6.10
5.01%
6.02%
5.03%
WHEAT STRONG
ATJHE CLOSING
Left Off at Sharp Advance.
Com and Oats Closed
at Better Prices .
NEW ORLEANS.
The following Is the range In cotton fu*
The following Is the rang'
tnres In New Orleans today:
ih*c. . .
Jnu. . .
Feb. . .
March. . . .
May.
Tloi
'tosedi steady.
9.1 I i -
9.47-48
9.62 63
Z2
9.24-26
9.24-26
9.28- 28
9.29- 30
9.38-391
9.44-46
9.62-63
9.65-66
TIPS PLASHED
From Wall Street
nt.
:>»rtnnt, but Berlin bank rate advanced to
o per cent.
Stocks abundant In loan crowd and the
rise lu call money to 10 per cent late yes
terday may bring about further selling In
the active stocks enrly.
It Is expected that the dividend on Ana
conda will be raised todny, and there la
very bullish talk on It; also Copper, Smel
ters, Car Foundry and other railway equip
ments.
I^>ok for good huylng In Steels, especially
tho preferred, on any dip, nnd there may
be more activity In Republic Steel; also
Fuel.
the
4.49
deposits
: $4,000,000
Chicago, September 18.—Sentiment
was bullish around tho opening on
wheat. There was some good buying
early with little disposition umong the
trade to go short. There was very lit
tle wheat on the market early, and a
slight advance wa* recorded, which
about cleaned up the shorts.
The market was strong most of the
session, the close showing advances of
3-4 to lc.
The world’s visible supply according
to Bradstreet’a Increased 4,693,000
bushels.
Corn was slightly lower at the open
ing, but the decline wns recovered la
ter, the closing being strong with ad
vances ranging up to a cent. The vis
ible supply decreased 198,000 bushels.
On liberal buying oats were firm ear
ly. The selling was scattered, but the
crowd generally was after them. The
visible supply Increased 794,000 bush
els.
CHICAGO GRAIN MARKET.
Chicago grain and provision quotations
for today follow:
Open.
WHEAT-
Sept. .. 7031
Dec. . . 72%
May. . 76%
CORN-
Bept.
Dec.
May.
OATB-
Hlgh.
t. . 46% 48
. . 41% 42%
r. . 42% 43%
» gg i
Mny. . 34% 34% 84% 34%
12.70 '12.96
34%
8e , pt , . R *«$*H 16.92% 16.92% 16.92% 17.00
.bin. . .12.90 12.90 12.70 *" ** “
Lard—
Sept. . 8.72% *.7?% 8.72%
Oct. . . 8.82% 8.82% 8.70
Jnn. . . 7.62% 7.62% 7.57%
SIDES—
Sept. . 8.87% 8.95
8.52%
6.90
6.86
8.72%
8.75
7.67%
8.95
8.50
6.87%
8.85
8.82%
7.70
6.96
No. R y red!^72*44272%: No. I do.. 70«71%;
No. 2 hnr4 winter. 7tVilT74; No. 8 do., 68^tz.
STATIONS OF
ATLANTA
DISTRICT.
11 *• ALABAMA
GIBERT & CLAY
Sotton. ?.Sa?2:
ATLANTA, OA
COfrtll-fiOVUION,
iDcnx
S'* ,?'>* Stock BictunfO.IHcw Orion, Cotton ffjKSJ.'lur^Joo^c’eton'iT^J&tlta
Yo r rt cottM I«S;SS:|n>2 88ZS fiSaS«|.“iJ8S. cotton EW
. , Prlvnte Wire, to nil Excbonfc,. FA0AN> M,n,n,r.
►•oenl ,nd Lonn Dlttano, T,l,phon» 5298. v.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 858.
ATLANTA. GEORGIA.
Gainesville, rjrnidj
Greenville, cloudy.
Griffin, cloudy. .
•Macon, cloudy. .
••MontleeHo. rain
Newiutn. rain. . ,
Rome, cloudy. . .
Spartanburg, rain
Tallapoosa,
loudy. . .
West Point, cloudy.
If E
■2~ E
43
Minimum temperatures nre for 11-hour
port™. ru-ljng -M ^Tn'kaU-T'
St. George, S. C .* ••1-6*
Bnteshurg, S. 2.®*
Blackville, 8. Jg
t'olunibla. S. ••
Greenwood, 8. C 2.90
WnHliliifton, Ga }-62
Wsynesltoro. Ga l-3»
Charleston. . .
Galveston. . .
Little Hock. .
Memphis. . . .
Mobile
Montgomery. .
New Orleans.
Ka van nab. . ,
Vicksburg. . .
Wilmington. .
Temp’ture.
p
Mux.
Min.
i
si
11
Dlat. Averages.
m
m
T Indies tea 1 n « gjreHsljb^ rainfall.
Temperature* were slightly higher In n
few of the extreme eaatern districts, but
over the central nnd southern portions of
I lie belt the tendency wns to cooler. Rain
full .n-curreil lu the coast districts, the
nmonnts lielng heavy In South Carolina nnd
eastern Georgia. . „ . fAnnirlfV
Wheat.
Corn..
f»nts.. .
Hi,,,..
COTTON CONDITION
SHOWING DECLINE
•urred since the government’s last condi
tion data wns gathered, coupled with con
tinued active demand for actual cotton with
which to fill September c
ed mine* and ultimately
Ish tone of yesterday's market. While
there Is ns yet no proof tjmt spinners will
early embrace whatever opportunity la of-
sentiment more In that direction, for the
reason that the trade as n whole fj coming
to recognize n less promising prospect In
the matter of ultimate yield, nnd the cur
rent firmness of the spot market, though
largely due to the complications lu the wake
of over-confidence on the part of the Sep
tember exporter. Is nevertheless Inspiring
some cumulative force In behalf of the
staple. But the mnrket has yet to nequlre
Its new season swing, consequently caution
rather than adventurous appetite Is the
moving spirit of ring activity.—Ware A I.e-
LIVERPOOL GRAIN MARKET.
Corn opened % lower; 1:30 p. tn., % to %
lower; closed % to % lower.
PRIMARY MOVEMENT.
The following figures show the primary
.movement of whent nnd corn:
Whent—Receipts Inst year 1,326,000 bush
els. Shipments todny 511.000 bushels against
445.000 bushels Inst year.
Corn—Receipts todny 879,000 bushels
against 707.000 bushels Inst year. Shipments
todny 249.000 bushels against 336,000 bushels
last year.
SOUTHERN EXCHANGE
OldMt E.tabllahcd Office South.
COTTOR STOCKS BONDS GRAIN
Ground Floor Oould Building. Dally
markot letter nnd market manual
mailed on application.
IDirrhnsus. St. Paul, Atchison, Pennsylva
nia. Norfolk nnd Western, Baltimore and
Ohio, nml C. nnd (>.. hut would only take
them on when sold down.
The market may display some Irregnlnrity
with some bear pressure, but all lu nil look
for stmng support In the active stocks.
Dow-Jones' summary: American stocks Iu
London steady.
Berlin bank rate advanced to 6 per cent.
American Smelting equity lu earnings of
Securities Company estimated nt 3 per cent
on common.
Stocks plentiful In lonn crowd.
Missouri, Kansas and Texas July net In
crease $249,936.
C. and O. surplus overcharges and divi
dends increase *1.1^.000. Report shows
equal to 3.77 per cent on common stock.
Hear llocklng Valley nnnnnl report
per cent earned ou capital stock.
Primary elections In New York today.
United States Steel corporatIon expected
to purchase 1,000.000 pig Iron from Independ
ent companies this year.
Total gold engagement* against del
ow $23,398,000 and probably about
ot so secured.
Twelve Industrials advanced .10 per cent.
Twenty active railways declined .18 per
cent.
New York Financial Bureau: Amalgamated
Copper Is strongly tipped for higher prices
and so Is Anaconda, nnd both are In a po
sition to be raised sharply.
We again give It ns our oplnlpn that
mlon Pacific should be bought when Weak
for tiirui on this reaction; also should be
iMiught on the recession after yesterday, ns
we hnve reasons for expecting It to cross
80 soon.
When the Cuban revolution la over condi
tions Indicate If* relegation.
Sugar should hnve nu advance.
Bullishness on the Steels aud Fries In the
Morgan house Is ns great as ever. At pres
ent the pool seeniH Indisposed to remove
checks lu either stock.
We think Atchison may be bought on the
reaction.
Canadian Pacific la worth oticb higher
prices, but It may take time to raise It.
St. Paul rontlnuea on the trading position
nnd Is so treated bv professionals.
Missouri Pacific Is getting rendy for a
rise. Humors nre current of a drive at the
shorts lu It. ^
Bull talk Is very strong, and In the *x*
continually good Institutions now on Penn
sylvania, which should receive attention.
We would, ns stated yesterday morning,
buy Heading only on reactions for the pres
ent.
A number of stocks are
time, namely; Smelters,
ridently marking
Brooklyn Rapid
i ranslt. C. nnd O.. Colorado Fuel and Iron,
New York Central, Southern Hallway, and
Rock Island, but we believe their turn will
come later.
The pool tips Ice, Distillers. 8t, Louis nnd
Southwestern nml Texns Pacific for In*
provement of a gradual nature.
WEATHER REPORT
BY GOVERNMENT
Alnhninn—Frequent showers fell In the ex
treme southern counties nml showers oc
curred In other counties during the first
three dnys. The remainder of the week
was fair. Generally the rainfall wns light,
but scattered falls were heavy. The tem
perature wns above the normnl until th*
16th, when the weather became cool.
EARLY II
ON STING LINES
Strength of Call Money
Rates Continues to Af
fect Sentiment.
MADE SELLING GOOD
Sterling Exchange Sold Off.
May Increase Continua
tion Gold Shipments.
New York. Sept. 1*.—The early trad
ing wa* at flret on rather strong line,,
but anticipations ot harder call money
rate, and the character ot the selling
movement yesterday brought Into tho
market another selling movement
which cauaed an easier tone and an
Irregular price movement. Following
the announcement of a meeting of
stockholders called by Tennessee Coal
and Iron directors to act on an In
crease In capital stock of $20,000,050, a
sharp advance In Republic Iron and
Bteel took place, which waa taken to
Indicate th'e truth of recent suggestions
concerning a closer affiliation of these
two corporations. The strength of cat!
money continues to affect sentiment,
and the fact that notwithstanding Im
ports of gold, promise to exceed $25,-
000,000, the gain of the banks from
this source has not been reflected to
tills extent, perhaps Justifies belief in
the continuance or high Interest rates
In the nenr future. Sterling exchange
again aold off today, and this may
mean a continuation of gold shipments,
but the stock market at present ap
pears to reflect liquidation and pressure
from this cause. Some attention waa
given today to the reported sale of a
large block of Baltimore and Ohio to
Union Pacific Interests, with the sug
gestion that the carrying of control ot
this property would Involve $120,000,000
obligation*. Inasmuch as the trading
today was largely influenced by hard
call money rates, a steady market Is
expected to follow.
LONDON STOCK MARKET.
Anaronds. .~. . . .
Atchison
famuli,n I'nclllc. . . . . ■
'hiego, Mil. and S. Paul,,
Honthern Pscldc. . .
Union I-sclOc. . , .
United Stnte, Hteel.
do. preferred. , , ,
rant
WEATHER IN 60TT0N BELT.
Texas—Fort Worth anrt 8nn Antonio clear
. .. . ami hot. Tyler clear an»l pleasant. Dal-
ArkftnNn*— 1 Tho temperature waa nlx>ve the ln« clear nnd warm. Houston ] f
L. J. ANDERSON & CO
Bankers and Brokers,
- COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
aercacNCC. tmi neal dank
PHONE MIT. PRUDENTIAL. BLOG
cottonYgraw, Provision's,Hkicks^bonds,
I nr Mni'cS'lllluiuif. tWrii, ]|<t* frcliam.
Llttroeel Colton Asioclttlon. . How fork Collet lnhaofa.
Irlrate Wires la How York, Haw Orleaas, Chicago. B. C COTHKAM, Manager.
Mo. 2 Wall SI., Paler* Building, Atlanta t Ga.
MtMilHS:
Chicago Board at Trada.
Manager,
idard Phai
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. E. CURRIER, PresIdsnL A. E. THORNTON, Vlc-Prssldtnt.
H T. INMAN, Vlc-Presldent. QEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Ass't Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO., MERCHANTS
Atlants Offices, 2I9-2JI Century Building.
Members New York Cotton Exchange, New Or
leant Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof r
fee Exchange, New York Produce Exchange
Business solicited for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Distances?. A.S. Hustscc. Mgr.
norma! In oil cmintlos. The precipitation
wns below tho normal except In the ex
treme northwestern counties and In some
southern counties. The sunshine wns
slightly below the normnl during the latter
part. The weather conditionn generally were
rnvornlde.
Georgia—Temperature was unseasonably
high itiost of the week, the mean being
from 2 to 5 degrees nhovc the normal. There
is no precipitation In portions of the
rthern and eastorn divisions. BUeWbere
local showers occurred from the lOtn to
13th. while locally heavy In scattered dis
trict*. Generally the precipitation wns be
low normal.
I^iulslann—The week waa hot and sultry,
the menu temperature Mag 6 to d degrees
nlHive the unrtual. Light scattered showers
occurred In some IocsIIties every day, irhlle
there wns no rnln In others. The weekly
rainfall generally was much below the nor
mal. The sunshine wns indow the normal.
Mlsslsstppl-The went bar waa partly
cloudy anil sultry. The temperature was
very uniform nnd from 6 to 8 degrees above
normnl, Katurdny t»elng the hottest day.
The ralnfnll wn* local and considerably be
low the normnl.
North Carolina—Generally tho weather
wns fair with nn abundance of sunshine
The mean temperature averaged 4 de
gree* above the normnl. The forepart of
the week waa warm and the latter part
cool. Unlnfall waa much below the normal
except In the western counties, where It
was heavy.
Oklahoma and Indian Territory—The
mean temperature was from 2 to 6 degrees
above the normnl,-the excess being greatest
lu the eaHtern nnd central portions. Heavy
shine were above the normal except
last two dnys. which were cool and cloudy.
The precipitation was lielow the normal,
although a few place* hnd heavy rainfall
on the 12th.
Texas—The week was uniformly warm,
the menu temperature being from 2 de
gree* to more thnn 6 degreos above the
normal except In the extreme western
counties, where It wns normal. There was
considerable sunshine. Generally the pre*
clpltntlou wns light nnd uneveuly distrib
uted. n large number of countleo receiving
none. In n few counties between the Brains
nnd Red rivers nud In FI Paso, Hays nnd
Hnrton counties the rainfall exceeded the
normnl.
Tennessee—The week waa hot and dry.
I,o4*nl shower* occurred on two or three
dnys, mostly In the eastern counties, but
the precipitation generally waa light. Tem
perature average 6 degree* above normal.
The rainfall was much below the normal.
nnd warm; good rain yeaten
partly cloudy
in yesterday. Temple
nml pleasant. Belton
clears 74; Fort Worth, clear, 70: Waco, clear,
76; Texarkana, clear, 80; Tnylop, clear, 74;
_ . * - f„ir, 78; Galnea-
fair, 84; Dallas,
. _ ir, 80; Galveston,
clear, 79; Han Antonio, clear, 78; Uustou,
clear, 77.
Mississippi—Jackson clear and pleasant
Yasoo City partly cloudy and cool. Vicks
burg clear and cool. Meridian and Hatties
burg clear and fine. Amory, Tupelo and
New Albany clear and wnrm. Aberdeen
elenr nnd pleasant. Brookhnven and Ha-
sleburst clear and hot. Natches clear and
warm.
Alnhamn—Huntsville clear and warns.
and cool. Moblla
; mw vuuii rained
Albany clear and
pleasant. Atnerlcua partly cloudy and
pleasant. Atlanta raining and cool; rained
all night. Columbus partly cloudy and
cool.
Florlda-Jacksonville clear and warm.
Teaneasee—Memphis dear and pleasant
WEATHER FORECAST.
.... ... — the coast
Virginia—Fair In the north, rnln In south
portion Tuesday; Wednesday fair, except
rain In extreme southwest portion; frcNh
northeast winds.
Winds; Wednesday fair.
Western Florida nnd
Tuesday and In north porl.__ .
fresh to brisk northwest winds.
MIssIsslppl-Falr Tuesday; weunraaay
[towers; variable winds.
Isoulalann—Fair Tuesday, except shower*
and cooler In the north portion; Wednes
day showers; fresh and variable winds.
Eastern Tea**— Fair In the south, show
ers nnd cooler In tha north portion Tues
day: Wednesday ebowert, fresh sooth winds
on the coast
Western Texas—Fair In the south, show
ers In the north portion Tuesday; Wed
nesday fair.
ArkanMs--Showers and. cooler Tuesday;
Wednesday ehowers.
Tennessee- Fair In west ahowers In east
portion Tuesday; ^Wednesday shower*.
Kentucky and weat Virginia—hair Tues
day; Wednesday increasing cloudiness.
WM. L. l'EEL.
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 the basement of the
Empire pudding for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. \Ve invite
you lo call and inspect them.
Title Guarantee and Trust Co.