Newspaper Page Text
•1HJ5 ATLANTA GEORGIAN.
nitmsnAT, arrTnMnBn *\ iro*.
It
BOTTOM MARKET
SCALPING AFFAIR
poor ' Cables and Good
Weather Induced Selling
Early in Session.
FIRST PRICES LOWER.
Fluctuations Covered Very
Narrow Range—Busi
ness Mostly Pro
fessional.
New York, Sept. 20.—Scalping con
ditions prevailed at the opening of the
local cotton market today, with sell
ers predominating on account of poor
cables and -ood weather through the
belt, with the exception of further rains
In some of the Eastern states. First
prices wore 3 to 5 points lower, and
after the call they worked off a point
or two more.
The
the r<»ttojv mnrke „ .....
S rnfpffftloiml eminent Is inn king on effort to
o business, but as money rankern they
ire hot very successful. — *
ey
... .... They nr* l»enr*.
.... .. rule, nonce their efforts nre gener
ally against advance*. I.lternture from
ibis element la generally made up of Ideal
crop conditions and promise of n hum per
yield. They seldom uae information of a
bullish nature.
The following Itema with reference to the
weather nnd crop prospects were tent out
prospects of three weeks ago, still promise
« good yield.
Matches, Mlss.-Condltlon* unchanged for
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to albert * Clay.
New York, Sept. *>.-Ttae market Is too
narrow to expect much, but we are likely
*° bold these prices until the movement Is
sufficient to supply the Septemlter-October
□ ulrewents, which nre shout 1,000,000
es.
The local traders are selling this morning.
General business yery amah.
Carpenter, Baggett & Co. ssr: "IVe do
not anticipate any material adyance, and
would rather prefer (ticking to tho ntfcrt
side.
IUck Bros. & Co. gay: “The lateness of
. .. or< ?P l* Hkely to give un some superfi
cially bullish census report* in the early
part of the season. For this reason an i
mucous Idea us to the site of the crop
likely to get abroad. In the end we thl
much lower prices will prevail."
Now Orleans, Sept. 30.—Market very quiet
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-fire
years' experience of ed
iting markets In Atlanta
nnd the South has made
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Interest manifested
with very little
by either side.
A dispatch from Calvert, Robinson coun
ty. Texas, snys: **A light shower of rain
fell here yesterday, but not enough to re
tnrd cotton picking. Farmers are gettlm
ready sale for their cotton as rapidly as ‘
Is gathered.’’
" correspondent wires from
t.: "Stamford, across to
iiasKeu ana here, cron throughout this sec
tion about ten days fate; prospects simply
enormous with normal fall; can never
gnther crop In west* middle west and north
states heavy ralna bare fallen, but they are
local In character.
The western forecast Is for fair weather
bus made good progress. Spot buyers grnl
■* at
.. . . w i .-
Hnxlehurat. Mias.—Fields nre white;
r'fleal)/ New Orleans quotations.
nicking made good progress; farmers gin
ning very little, tnkfug advantage of good
weather for picking.
There Is some encouragement In the
tiling that cornea In algl
mll.r New Orleans
wmild Indicate that l-_ ——
for worry; that he holds the key to the
situation, nnd thnt so far this season hag
sho
n sight, paying practi-
is quotations. This
producer has no cause
caused steady and slight!]
Private Wire to Ware ft Leland.
New York. Sept. 20.—Liverpool futures
opened quiet, 2% up. At 12:16 p. tn., 2% to
4 up. Dull but steady. Snles 6.000 at 5.62d,
2 up. Future* duo to row* 2% to 4 up,
Cotton In New York opened aulet
aliout (Hi expected on Liverpool cables.
Trade very light. Look for quiet session
today. Think It can I* sold on any rallies.
Mitchell offering 6,000 January. Wenninn
a big seller.
New Orleans, Hept. 20.—Cable. ....
quite high enough this morning, nnd spot
“ 1,000 hales nre not encourag*
dull nnd lifeless market.
morning the demand la atlll good, prices are
firm and offerings Imllted. Seller* want 45
on for Liverpool good middling, September
delivery, but on 25 to 28 October delivery.
HEAVY MOVEMENT
LATE IN COMING
. jw York, Sept. 20.—The Hun snys: "A
small advance took place ns a result of
covering nnd some professional buying for
a turn, but nothing occurred to really ni
ter the general position of the cotton mar
ket. The movements upward nnd down
ward of prices were governed more by pro-
Oetober-Novemher.
Janunry-February. .
Mnrch-AprII
Mny-June.,
(tertian of .WS point*, to which was added
1 point during the early morning.
Comparative receipts at all Lulted State*
kets Is one of the salient facts
morning, first prices being niflennee. The firmness of
some 305 points higher for futures, while * # *
spot was marked up 2 points to 5.62d on
shIcn of 5,000 bales.
Following nre the active months In Liver
pool today:
.to;
Net receipts today
Same day last year
Decrease 12,096
Total receipts for five days 14J.
Same days last year 200,
Decrease 82,046
Total receipts since Heptember 1....367,660
Same time laat year
1906. 1906.
New Orleans .. .. .. • *A70° to J.700 ^2,44?
Galveston... . .... ....15,000 to 16,000 14,84:
Houston. .. :. ... .. ..14,000 to 15,000 14,75/
The close was steady net 507 points low-
er than yesterday.
•pot"cotton market.
celpt
lllng uplands 5.6‘_'d. Hales 6,000. Ainerl-
5.006. Speculation nnd export 600. Ite-
9.75.
New Orleans-Quiet, 9 6-16.
Augusta—Steady, 9%o.
Savannah—Kasy. 9 3-16.
St. Liuls—Steady. 9%c.
Boston—Quiet, 9.76.
Houston—Steady, 9%c.
Galveston—Firm, 9 7-16.
Memphis—Steady, 9%e.
Baltimore—Nominal, 9%c.
b ? *•«:,
TODAY'S PORT RECEIPT8,
The following table shown receipt* at the
ports today, compared with the antne day
last year:
New Orleans.
Galveston. . .
Mobile
Savannah. . .
Charleston. . .
Wilmington. .
Ihwfoi
11740
1571
5068
prophecies, needless to any, have not been
verified. Meantime, foreign spinners have
been bnylng heavily, the continental mills
being especially large purchasers. The
south Is offering the actual cotton less free
ly nnd the comparative smallness of the
receipts Is attributed not merely to the
httenesa of the crop, but to tho holding
back of the coffon by some of the well-to-do
farmers of the south, men who led In
the holding hack movement of two years
ago which was such a remarkable success
in the ' '* “* “ 4
bates.
moat everybody ts
Cloy.
ernt: “The monotony of the cotton mar
ket drama has not yet been broken, nnd
selfish sentiment la playing so prominent a
part In the tedious affair that one naturally
wonders whether or not the old guard will
INTERIOR MOVEMENT.
Tho following table shows receipt* at the
nterlor towns today, compared with the
day last year:
, r ,hc Mlnnenpoll* flour output last week
Inrhntai 40.OM imrrels. This placed the
slightly nlHJre the 190,000 mark. The
quantity turned out wn* 309.670 barrel*.
Every mill In Minneapolis I* running this
The flour market la gradually Im
proving. While some mills reported trade
2" <»nly fair, other# made comparatively
ft* ary sale* of flour. The foreign sltua-
tion h encouraging, and a good den! of
pnt«nt was worked for United Kingdom
markets.
Ing puffllc enthnslnsm. If the crop la to
|»e marketed without broad-gauge specu
lation. the lens analytical talent tuny awake
to a realisation of more of the potential
Influence* at work In behalf of the staple.
Otherwise overvaluation of surface price
factors may logically he looked for for
some time to come. Meanwhile, too much
stress la being given radically opposing
crop nnd consumption views, and not
enough to the encroachment nnd concen
tration of the farmers* defense line. Be
tween 9c nnd 10e for cotton, so long n*
the supply 1* known to be ndeqtuVe, la
ample compensation, far more than the
south could have collected under the old
control. Thus, In the absence of specu
lative support and under the weight of
public Indifference, the cotton growing
balm arc «rly alvlna •vlil.nc. of .n In-
trillion to win noma «ort of n 1S061W7 vie.
irv. n..vy mov.m.nt, month rev.rars
11I tack-wt. »ml uctlv. effort. to fo«ti>r
,j. mon.trr norraira. (tunlrlon tn the con-
trary notwlth,tiiniiln,. —w are k Inland.
WARE 4 LF LAND'S
DAILY COTTON LETTER.
Now York. Kept. 20.—A. n not ro«ult of
tho )iiwInoiM ilono yr»f.nJ*y nftomoon
nnil thin morning, price. woro tho in* nt
1 o’rlook todnr k, at tha tamo hour yon-
t.rii.y. In othor worila. notwlthatunilln*
the warea of huylnK anil .oiling thnt .went
ovor tho ring, nn pragma. w«. mailo In
olthor direction. Liverpool wa. illntlnct-
Iy dlHippoIntlng In that un oerly .tlvnnre
wna not hold, and price. .Hpned bnelt. to
TO.tordar'a flgnroa. Ilowoyor, fhe net thnt
the murkot hit. held a good ehnre of the
ndrenco recently aooroil. nnd tend! to he
roine extremely dull on every netback,
trade eonnorrntlve operator! to continue
the policy of buying on hroek,. believing
■toadlneon le likely to eonllnue tintll after
tho next report. There l« no doubt thnt
more etipport hnn lieen nfforilcil the mar
ket recently hy the fact thnt tnkluq De
cember n. nn Indicator, each netback
lenvea a higher level than the prevloa. one.
That atartlng from the low llguiea. 8.30.
the vnrione Unctoetlone In the market
hnve wnebed nnotntlone higher and higher,
and thne fur the greater portion of tho
advance hnn lieen held. Many prguo that
lnn.mu.-h ne the market remelne etendy
under benrlnh newe end lieerleh feeling,
any effort to cover ihort contraete would
flnd very little cotton for rale. There la
no general bualnene. to that abort aelllng
on ahorp Imlgee enn (till be adhered to
with prollt
THE DRY GOODS MARKET.
New York, Sept. ».-The dry gnode mar-
ket wae tlrm today. The activity wni In
gray gooda and converting pnrpn.ee.
Southern mill, hnve Hold liberally Into
Mnroh of next veer on wide print clothe.
Home printer, hnve lieen In the market
making Irninlrlea on narrow good.. The
gnrernment Jute foreenet tve. received hy
cable ditrlnr the .lny, end .how. a crop
of aliout »,IMO,ono teile.. hnetora here ray
thl. Will not l«> large enough for the
world*, redulrement.. And It aeeoante for
the advancing price. In hiirlept and other
product.. Drill, and .heetlnge irt ell-
Ing .teedtly. Complaint, of delayed dellv
NAME OF STOCK.
Amalgamated Copper..
Atlantic Count Une. ..
American Sugar Kef. ..
Anaconda
American Locomotive..
do, preferred. . . .
Amer. Smelting Ref. .
do. preferred. . . .
Atcblxon. ........
do. preferred. . . .
American Cotton Oil. .
Amer. Car Foundry. ..
Baltimore k Ohio. . ..
Brooklyn Rapid Tran..
Cnundlnn l’aclflc. . . .
Chic, k Northwettern..
k Ohio. . .
Colorado Fnel k Iren..
Central Leather
— do, preferred. . . .
Stiawe?:
:
„ do, preferred.'.".‘/I !
General Electric
Illinois Central. . , . . ,
Amer. Ice SecnrltlM... .
LoulBTlIIe k Naahrllle.. .
Total ituck aqlea tod y 1.082JW ehimT
NAME OF STOCK.
N. Y., Out. k Weatern
Niitlonnl Load
Nuithoru i'aolflc. . .
New York Central. .
Norfolk Sc Western. .
Pennsylvania
People's Gas
Pressed Steel Car. .
. do. preferred. . .
Pacific Mall
Reading
Republic Steel
ltock Island
_ do. preferred. . . .
United States Rubber
„ do. preferred. . •
Southern Pacific. . . ,
Southern Railway. . .
do. preferred. . . .
Bloss-Sheffield
Teun. Coal Sc Iron. . ,
Texas Ac Pacific. ....
Union Pacific.
United States Steel. .
do. preferred. . . ,
Va.-Csr. Chemical. . .
do. preferred. . • ,
Western Union. ....
Wabash
do. preferred. . . .
Wisconsin Central. . .
praftrrad.
to si
oet. . .
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March. ,
May.
NEW YOBK.
Ing la
York t
9.45
9.66
( s lose<i steady.
9.29-30
9.37-B
9.45-46
9.67-51
a
xsm
8.1616
9.06-10
9.26-26
9.6446
9.42-4J
9.6041
9.62-63
LIVERPOOL.
. i - > J* lr * <he opening
range knd clone, compared with yesterday's
Futures opened steady.
Opening. Previous
a a. Range. Close. Close.
September 6.26 -5.26V4 6.28 " "
Sept.-Set 6.12 -6.13(5 6.10
Oct.-Nov 6.07 -5.07'
Nov.-Dee.,. 6.06 “
Dec.-Jan. , . . .6.07 3 ...
Jan.-Feb 8.08 -6.08’
B rin-March 6.10 -6.1F
srch-April 5.13 -5.13 1
Aprll-May 6.14
May-June 6.16 -5.15V6 5.12H
Close«l easy.
TIPS FLASHED
From Wall Street
Private Wire to Glhert ft Clay.
New York, Sept. 20.—We do not see any
thing special, but do not feel so bullish on
stocks thl* morning.
While not Inclined to suggest extreme
confidence in today's market, we believe
the active speculative Issues will be sus
tained.
May have further unsettlement today and
then the market should be n purchase for
a turn, especially the good dividend mils.
The City Bank Im* Just engaged 82,500,000
of gold.
Gate* a Inrge buyer of Rending.
The New York Financial Bureau:
settlement Is likely to coutlnue in the stock
market today. The state of sentiment In
dicates Irregularity some time today, nnd
when weak, good stocks ought to he bought
for a turn. The prospect of a good bank
statement should reduce*n moderate recov
ery before the end of the week. We hove
rejientPdly pointed out that the big In
terests will not permit a tiroud specula
tion until money Is sufficiently easy to
properly handle such speculation. lu the
menu time, activity will give good profits
to the dally trader who is actr
they have control of the money. This <
conserve tl “ * *
hand, nnd '
Private Wire to Ware ft Iceland.
“ 20.-The
‘ Pan
enjoys on a com par-
“ *" d»nl-
Paul Is refi
.
NEW ORLEANS.
The following Is the range Id cotton fu
tures In New Orbutns today: 1
i
§
a
s
51
I
|'I ?
»ept
Oct
Nor
I>ec
Jan
Feb
March. . . .
May
*9.i7
•l2i
9.31
9.46
9.61
iuo
'9:24
9.34
b! 49
9.61
'iur»
'9.20
9.29
"9.41
9.61
iU6
9.22
il
9.47
9.61
9.24-26
9.16-17
9.18-20
9.21-22
9.81-32
9.35-37
ft
9.6142
5.29 t
9.22-23 1
9.24-26 0
9.26-27 t
9.36-37 C
9.41-43 0
9.51-52 0
9.6647 p
NOTES ON GRAIN
Pointers on Prorlsiooi.
Trlvate Wire to Glbert ft Clay.
Chicago, Sept. 20.—Considering the sharp
advance In wheat cables yesterday the
slight reaction Is not significant of weak
but favor buying In that event.
Although Armour relieved September corn
shorts by selling over a half million bush
els, the prices closed at about top for
the day. Do not think wise to stand out
on short side. The strength of old corn Is
_ f*od argument fer buying May and Decern-
er nt the big discount.
Sentiment regarding th* northwest crop
and general situation Is growing dally
more bullish.. Best posted people among
millers and elevators people are coining to
the conclusion that the yield will prove
disappointing when compared with early
expectations. Under these conditions, any
being good buyers.
The Record Herald says:
lave been operating
n corn and oats. •
sst night that the
aishel lietween May oata and corn wae
as smnll ns would be seen again for som#
time. . , „
Sentiment In wheat dally growing morr
bullish. Expect advance.
•rlrato Wire to Ware ft LeJnnd.
Chicago, Sept. 20.--Cables show no snap
this morning, and ns tho short Interest
In wheat la well provided for we an
to get a fair set back In wheat now
Wheat holds rather firm. No pressure,
and may work un some.
Minneapolis stock of wheat.decrassed 325,
000 In five days. . , ......
Wheat market having hard work to hold
steady todny, ~
~ n“ —
Early offerings’ of' corn W ere quickly ab
sorbed. Buying corn and selling oats by
Cudahy brokera helped the corn. Henl|
all got short early, and have been Ugh
the advance. Armour taking December am
May.
WHEAT ADVANCED
AFTERJHE OPENING
Due to the Return of Dis
gusted Bulls to the
'Market.
LIVERPOOL GRAIN MARKET.
nt . P en rj* unchanged; nt 1:30 p. m..
unchan^to lower; closed unchnugeH
Cnrn-ffp^n^l hinder; nt 1:30 p. m„
unrlinnged; clo.e.l unehnntie,! to tic hlxh-
out decline In wheat drove the out.lder
Into other channels of .peculation, but
h. Is back In the harness again and
taking on all the csrenlx. The return
of the disgusted bulls I. chiefly re-
milble lor
opening.
*• guoar market.
New lork. Wept. 20. —The local refilled
and raw sugar msrkat. nro unchanged.
Idndon market weak; September off 60 at
St 6d; October down 6!4d nt 3a id.
PRICE CURRENT CROP REPORT.
Lincinnstl. Hapt. 20.—Largo corn crop prnc-
t cslly nasured. Cutting general. Condi
tion# favor n full ncreng* of winter whent
Sf'OJt J nt <*rlor morenicnt moderate.
1 acklng 875,000, ngnlnst 386,000 lost year.
NORTHWEST CAR8.
M nOllowlof figures give the northwest
of today, last week and last year:
Last Last
„ Today. Week. Yaar.
Minneapolis 233 202
Duluth 252 460
CHICA
GO GRAIN MARKET.
t having
Demand moderate.
Do not overlook bnylng corn and oats
fractional dip.
Coarse grain* have, turned strong, and
many of our leading houses nre quite pro-
ununced on their (lews on nn upturn In
th Cu!i#hy brokers selling May oats. I^>gan
large seller of May through brokera. Com
mission houses buying. , .
Provisions firm nnd a abade higher. Cud
ahy parking Company buying January
Inro.' Commission houses buying October
UJ.ANDER^dCO^N LETTER
New York. Hept, 20,-The New York mar
ket opened weak thla morning nt I polnta
decline from yotterdny’. cloao. Thla waa
oi-eaalunod hy linfnvorahlo foreign oublea
nnd a general l.ek of Interct In the mar
ket. After the opening there wa. oome
buying both for long nnd .hurt account and
priest became dull nud ateady.
Sentiment la no lutdljr divided Hint It la
slmoat Iropoaxlble tn got nn Intelligent lino
on the courno of prleea for the Immediate
future, but It Is generally believed thnt
the present level illieounta the prospects
of a very largo yield.
It I. likely that receipt, will be the most
Intere.tlna feature for the nc«r future,
nnd .houltt they begin running on n lur.l
with In.t year the lienr. will make much
capital of It. although overylmdy expei-ta
them to do that. At preaeut they continue
light nnd do not Indicate the euormou.
yield that hna Ih*.ii t.lked about.
Bing trader, are nlw.y. been nnd at tho
market In entirely In their hands Just now
we cannot hope for rnneh r!.e until It I.
dcmnn.trnted thnt the crop is going to l>*
much charter than hna been generally re
ported. However, eotton taught on th.
reeee.bipn nnd hold a few week, will prove
profitable.
Ing ntennilT. •.nmpiainie ”, -
erlei of good, nre genernl.
GIBERT & CLAY
STOCKS. BONOS.
T. COTTON.
corm, provisions
ATLANTA. OA.
BCRSt
New OriNDi Cotton
of v KsJi.|<jsiv«5tou Cotton Excta ng*
nrw York Stork KxchtuguJK*w Orlesn, Cotton
fa iS ssfs g&szls:: 8%:s: ssta
Lotsl and Lona Dlltsnos TslVphonV6291" n. FAGAN. Msnscsrv
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bpil Phone, Main 858.
ATLANTA, GEORGIA.
New Orleans, Hept. 30.—Options In the
earlier trading of the Liverpool market
were fully responsive to our actvnnre yes,-
tenlay, but Inter developed ronntdernhlc
weakness, closing prices showing lmrely
any change from the previous day'a lev
els. Spot sales amounted to 6,000 bales, quo
tations being raised 2 points. The mnrket
continues to rule narrow and uninteresting.
attempt was made by either side to Im
prove their respective positions. Bear*
found tentative encouragement In th* Im
proved condition of the weather, and also
In the decidedly lietter crop new*. Bull*
might have tnken odvantage of the limited
buying on the psrl: "f einortera to re-
cover some part of the decline, but neith
er side was aggressive nnd the mnrket was
left severely sloue to work out its own des
tination. Our crop report* today nre of a
distinctly more favorable tenor. All of the
great deterioration reported a week or two
ago seem* to have Ih»cu greatly le**en«-d by
the clearing weather of late, nnd pros
pect* now are very much brighter, and
especially In Mississippi and portion* of
Louisiana. But despite these Influences,
favorable to lower prices, no material de
cline Is looked for ns long as the steadi
ness of the southern spot markets Is well
maintained. Much cotton Is still needed
before the mouth I* over, ami many dn;'N
of bad weather would not be surprising at
this the eqtilnoxlal period of the rear, but,
all things considered. I** 1 * b»«*k of a more
widespread Interest nlone prevents a broad
er scone iu the Chang* of Drier*.
43%
May
OATS-
Hept.... 34
Dec..... 34%
May 38%
I'OBK-
Hept.. 16.75
Jon... 13.00i
LARD—
Hept.. 8.f>6
Oft 8.82%
Jan... 7.75
SI DEB—
Hept
Oct.... 8.57%
a
i
43%
83%
34
85%
Ed
CHICAGO CAR LOTS.
Wheat.,
forn.. ,
oats.. .
Hogs.. .
Today. Tomor.
33» 67
804 260
THE PRIMARY MOVEMENT.
movement of wheat and
Wheat—Receipts today 1.029,000 bushels,
against l,oi3,00i bushels last year; ship
ment* todny 479,000 bushels, against 389,-
000 bushel* lost year.
t'orn—Receipt* today 656,000 bushels,
ngnlnst 554.000 bushels Inst year; shipments
today 827,000 bushels, against 4*1,000 bush
els last year.
Chicago, Bent. 20.—Hogs—Fstlinnted re
ceipts today 17,000. Market 5<Rl0c higher;
quality fair; left over 3,788; bulk $6ft6.45;
estimated for tomorrow 13,000; light
_ .62%.
.. *—yorkera
_ ,50; g*Kwi to choice heavy |6.50ff6.82%.
Cattle—Fstlmated rtn-elpts 8.000. Market
sternly; quality fair; beeves 33.90fi6.90; cows
81.aoiGr4.4o; heifers |2.40fi5.20; calves t&ffS;
5 ood prime steer* 33.50Q6.90; poor to me
Inm 83.90476.30; stockers and feeders 82.40Q
4.60.
Hheep—Estimated receipts 18.000. Market
strong; qunllty fair; natives |3.10fl5.60;
western 33.KMi5.60; yenrlingn 3o.504?6.15;
lamb^ai^O^LTD^vestmi^^^LTR^^^^
SOUTHERN EXCHANGE
Oldeat Katnbllahed Office South.
COTTON STOCKS BONDS GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
Sew York, Hept.
fleeting supply of 8t.
the quick advances It
atlvely small amount of trading. TeeL„.
rally the position Is very strong and we
rould not be stirprlsinl to see r *
•rices before long, whether t!
enl Is announcetl or not.
A well known stock exchange house this
morning has Information to the effect that
support In United States Steel was nlactd
laat night around 44. The stock Is re
purchase near that figure. We
It close attention. Thei
_ Interest In It. and It wl
within certain limited restrictions for
the excellent annual report expected with-
*n a couple of weeks, ns well as the devel-
S unent in connection with the purchase of
ie stock of the Harriman Intercat. We
in ouly say that we consider this stock
ne of the safest purchases in the Hat, and
tie that will return a great many pc' *
rnflt within the course of the next si:
ght weeks.
Dow-Joncs' summary;
American stocks In London steady at
about parity.
Bank of Rngland rate unchanged.
Prospects for settlement of Cubnn dlf-
Acuity Improving.
New York Central rights quoted at about
C per cent.
No confirmation of rumors of competitive
luyfng of Bending.
Accounts of disaster at Hongkong Increas-
ugly serious. '
Urgent demand for money In Chicago
rid large loans fall dun October 1.
Light demand for stocks In loan crowd,
with Amalgamated Cornier and , United
States Steel common lending shore the
general rate.
Heading surplus oror dividends 31,740,-
linrrlmnn Interests reported to be try-
i* tn get back control of the Alton.
and Heda earnings exceed 3100
per share.
Corn crop now considered practically out
of dauger.
Ht. Pan! surplus for year 35.677,490, equal
to 6.26 per cent on combined capital, after
preferred and common dividend*.
Twelve Industrials declined .77 per cent.
Twenty active railroads docllncd .72 per
cent.
Heading report shows TS-6 per cent for
commou after preferred dividend.
THE COFFEE MARKET.
f llrau
^■steady dura
ling the early session on buying by lending
roasting Interests nnd covering by shorts, i
who were undoubtedly greatly eonfunfd by
the Brazilian news and the varying ru-
I In
decllm
ge. 7.. .......
JRWurther change, leaving that market
uet %-franc lower.—Glbert ft Clay.
^The following table give* the opening
STOCKS STARTED
HEAVYJN TOME
Reading Was the Feature,
Initial Sales Being Sharp
ly Lower.
OTHER ISSUES WEAK.
A Strong Tone Developed
Later Under Leadership
of Southern Pacific.
New York, Hept 26.—There wa# no par
ticular change today In moner rates, cither
for call or time loans. The market *>n
nil eln**»»* of borrowing remained decid
edly stiff. But tn one or two re*pe<
stock exchange In th» first place, the
Bank of England renorted Its percentage
of reserve to liabilities practically un
changed on the week. In spite of beow
American gold withdrawals nt the close
of last week, and under these flrcum-
stsnccs, of course, loans were left nt 4
per cent. The banks showed a credit nt
the treasury for the week enlarged by 36.-
—. list, showing by midday substantial
gains.
Every one had a tip to buy Bout hem
Pacific nt the opening, and many of the
traders tmught It on points received from
what they considered the best sources.
The buying was aggressive enough to force
the price up from 93% to 96% In the first
hour. Trading In the rest of the list wa*
confined In the first few minutes, hat later
a strong tone was developed. Reading,
which sold on the atreet after the dm
yesterday at 151%. was offered down by the
room traders to 149% this morning on ac
count of decrease In surplus earnings
shown (n the nnual report. Steel stocks
were firmer.
Government bonds Unchanged.
Other bonds steady.
LONDON 8TOCK MARKET.
BTOPKff-
Anncondn. .. ..
Atchison
Cnundlnn Pacific
Chic., Mil: nnd St. Pnnl
Brie...., ... ..... ... . ...
Illinois Central.. .. ». ..
IxotilsvIUr and Nashville. ,
Rending
ennsylvniila ..
Southern Pacific
‘Jnlon Pacific..,.
I Htntcs Ht.
preferred.
tying
ifura \
*11 In ii
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
ComspouM Capital $250,000
REFERENCE, THE NEAL. DANK
PHONE 1417. PRUDENTIAL. BLDG
w YhL Hew firltui. CMcsf*
cotton^g^i^, Provision’s,^tock^bonds,
... 2 Will SI.. Frit,, l.l/ri.,, Alh.lt, Ot.
MlHtllS:
In T„» CrilM Uthtit. Chicago Ittti ri Tttit.
In Otltttt Ctlltt (khif. CUtm IImi liUiif.
UtUMl CrilM ItlHltlllt, hw York C.II.I [ukin^,
Frlr.lt Wlrtt I, lew Yttk, In Otltttt, Ckltttt. I. C. C0THKAH, Mi.iun.
ItUnmlMi. SI.eilirilht.t3Bk
3J % Compound Interest
Is the rate your money will draw If deposited In the 8AVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call *.id Inepect our quarters and Investigate
our facilities to serve you. A hearty welcome awaits you at this
bank.
ASA G. CANDLER, President.
W. H. r\\TTERSON, Vice-Pres. A. P. COLE8, Cashier.
JOHN 8. OWENS, VlcS'Pree. WM. D. OWENS, Aset. Cashier.
COTTON
by MERCHANTS
Atlanta Offices, 219-221 Century Building.
Member, Naw York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton A5,0
elation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchahges.
Direct wire service. Correspondence invited.
Phone* 451, Long Distance 39. A.S. Ilustace.
January
Fnbnmry
Mnirh
April
May
June
July
August.. .. .. .
Hepteinber. . .
OctolM-r.. .. .. ,
November
December.. ..
Closed steady.
Opening
,.6.45-5.50
.. ..6.50-6.60
6.60-6.66
104.78
6.75-6.80
a...(UK>
X .6.85-6.90
.. ..6.90 6.96
6.68-6.70
6.7B-6.X0
6.904.0
6.904.96
6.96-7.00
7.00-7.66
7.06-7.10
6.404.45
6.404.50
6.45-6.60
6.604.65
COTTON 8EED OIL MARKET.
October
Novemtwr. .....
December. ....
Jnnunry
Mnrrh. .......
Mny. . _ .. .....
Hales, 100 December at 80%. Closed ateady.
WEATHER IN COTTON BELT.
Texas—Hherman partly cloudy and pleas-
nt. Tyler clear and cool. Houston partly
oudr amk pleasant. Belton, Temple, Fort
Worth and Cisco clear and pleasant. Sul
phur Springs. Pittsburg and Wluusboro
clear nnd warm.
Mississippi—Jackson dear and cool. Y’a-
soo City and Matches partly cloudy nnd
plensant. Vicksburg partly cloudy nnd cool.
Aberdeen. Corinth. Mew Albany, Aranry
nnd Tupelo clear artd plensant. Holly
Springs clear and pleasant; heavy ralu this
morning.
Alabama—niintsvllle cloudy nnd Wtol;
light rain last night. Helmn nnd Mont-
G »merr clear and warm. Mobile hard rain
■t night; now cool. Troy dear nnd pleas
ant. Opelika fair atid cool; rained Iant
night.
Georgia—Columbus cloudy nnd hot; herd
rain hint night. Atlantn denr and pleas
ant; rained Inst night. Americas cb
nnd wnrm. Mncon cloudy and warm; 1
WEATHER FORECAST.
Georgia. Louisiana, Mississippi. Fastem
Florida. Western Florida and Alabama—
Thunder showers Faraday nnd Friday;
light variable wind*.
Arkansas nnd Western Texas—Fair
Thursday and Friday.
F.natern Texas—Fair Thursday and Frl-
ijr: light variable winds.
Hllnola and Indiana—Hhowars tonight nnd
tomorrow.
Nebraska—Tartly cloudy tonight nnd to
morrow.
Wisconsin—Hhowers this afternoon.
Minnesota—Fair tonight nnd tomorrow.
Iowa anil Knusns-Showers tonight.
North Dakota nnd South Dakota—Fair
tonight and tomorrow.
THE METAL MARKET.
New York. Hept. 20,-Tln wna qulot nnd
unchanged with moderate trading- Copper
WM. L. PBBL. President.
KORBUT V. 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 oaulti 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. IVe invite
you to call and inspect them.
Title Guarantee and Trust Co,
ATLANTA NATIONAL BANK
ATLANTA, C,A.
C. E. CURRIER, President. A. E. THORNTON, Vle».Pr.»ld.n,
H. T. INMAN, Vlee-Preeldant. GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Ai.'t Ca.hl.r.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.