Newspaper Page Text
THE ATLANTA GEORGIAN.
SATURDAY. SKl’TBMnnn JJ, 1908.
15
SNORT SESSION
IE ACTIV
Opened Lower Under Influ
ence of Weakness In
Liverpool.
SUPPORT LACKING
The Close Was Near the
Lowest Net 6 to 8
Points Down.
New York. Sept. 22.—There wae an
active trade at the opening of the local
cotton market today. Flret prices were
3 to t points lower. Influenced by weak
ness In the market at Liverpool, where
continental selling produced a weaker
undertone. A feature here after the call
was selling ot October and buying of
December at 32 points difference.
For the short session today there was
•lightly more activity In the cotton
market, but the Increase In business
was at the expense of values.
Liverpool was due unchanged, where,
as the close was 4 points lower for fu
tures and 2 points down at 5.55 on sales
of 4,000 bales.
The opening In New York to meet
the decline Ir. Liverpool was due to
open about 3 points lower, but Instead
4 to 6 points as the extent of the de
cline. However, opening prices were
the highest, while the closing was with
in a point of the lowest net 8 to *
points lower with the tone steady.
Ilearlsh advices from the crop were
more numerous than for the past two
or three days. Including Improvement
In the weather generally and Indica
tions that the crop Is In a more prom.
Ising condition.
Comparative receipts at all United
States ports:
Net receipts today
Same day last year
'points lower.
.. 7,378
..422,170
..634,822
Decrease .
Total receipts since Sept. 1.
Same time last year....
Decrease
Estimated receipts Mon
day: 1906
New Orleans.... 1,000 to 10,000 4,427
(iutveston .. . .14,000 to 15,000 19,769
Houston. . . .14,000 to 15,000 16,164
8POT COTTON MARKET.
2.900: speculation mol export 400; re
ceipts 8.000: American 5.900.
Atlanta, steady at 9 310c.
York, quiet at 9.10c.
Augusta, quiet at 45-14r.
savannah, atcady nt Stic,
lends, qnlet st 9Wo.
TODAY’S PORT RECEIPTS.
The following tabl* ahowa rrctlpta at tht
port* todar “ * * “
Inat yanr:
N>\r Orloaua.
»;,ilrr*toii. . .
Mnl.llo
Savannah. . #
ffutrlaaton. .
Wilmington. .
Norfolk
1009
1040
ISM
1451
11405
956
42*7
INTERIOR MOVEMENT.
Intorlor town* today, compared with
Mim* day la»t y*»nr:
Hmiatnn* s
Augusta. .
Mpinphl*.
1105
1906 to
13467
2802
15637 pr
3509 5
wi
154 dr
*492 w
16420
19592 9n
L. J. ANDERSON A CO.’S
DAILY COTTON LETTER
New York, Sept. 22.—The cotton
market was dull and quite uninterest
ing today, the operations being almost
exclusively professional and since
there were quite a number of matched
nrd.rs, the fluctuations were narrow.
The tendency was easy, but In the ab
sence of pressure, long were not wor
ried and most of them were content to
keep the accounts open over the'Sun
day Interval. The weather conditions
»r a whole weirs seasonable, and the
crop data coming to hand failed to
bring about any changes In the esti
mates of the statisticians.. The receipts
continued moderate, but since pickings
M» accumulating rather rapidly on the
Plantations, It Is likely that there will
be, an early Increase In ginning snd a
consequent Increase In the movement
toward the ports. There is a fair ex
port demand and the European con
sumers are expected to shortly develop
Into good buyers of spot stuff. It Is
apparent, however, thfct the specula
tive market will contlne of a trad
er'. character for some days to come,
and ecalplng proflts should be taken as
•bey appear.
NEWS AND GOSSIP
Of tha Fleecy Staple.
^rk- kept. 22.—Liverpool futures
UEquiet 1M down on near and 2 down
on lute. At 12:10 p. ro.. was 404)4 down
* n .d easy. Rales 4,000 snots, at 665d: 2
points down. Futures due to come un
changed to )4 up.
The Liverpool cotton exchange will be
o£» °«tn .•■stead of 4 p. m. during
Oetober. November and Deremiter.
ljirrott bidding ».15c for 5,000 December.
Following Is the ststlstleal position of
cotton oi> 1 rlilay, Septemlier 21, as nttde
“JO. by The New York Financial Chronl-
This Last last
Visible supply L794.KS 1.74MJ2 2.7J5X3
American 1.001.JIB 918,03: 1,944,32)
Edited by
Joseph B. Lively
MARKETS
Mr. Llrelr'i tweatretire
yean* experience of ed-
Itlng markets In Atlanta
and the South has made
him a recofnixed au
thority In his specialty.
TIPS PLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
In stxlit. . .
For week. .
Fort receipts.
697.229
296.903
, 185.546
Stocks 317.590
Exports. . .. 92.694
Interior receipts.. 145.943
129.621
249,561
76,978
115.231
94.907
100.711
114.105
178,506
144.974
306.801
New Orleans, fiept. 21—Cables are rtry
unfavorable. In the face of the extremsly
bullish week-end figures. The lower future
market Is probably due to freer offerings
from Texas, where cotton Is now corn
mendng to pile up at a rapid rate.
Private Wire to Glbert Sc Clay.
. New Orleans, Sept. 22.—Our Liverpool ca
ble says: "W> expect a gradual declinei
do not think speculation strong enough to
sustain the market. The market la affect
ed unfavorably by Importers' selling."
A special from Oklohoma City says: "The
first consignment was started for Jap
yesterday, l»elng part of a 5.000-bale lot."
Chickasaw, Ind. T.. wires: “Crop proa-
pecta are Incoming more favorable: the
weather Is more favorable. The ere
this vicinity Is fifteen days late; crop
well, aud the worms hare done but little
damage. Do not lielleve reports al»out In-
S rles to crop. Tha crop in this section will
15 per cent more than last season."
Flora, M'sa., wires: "Henry rains
throughout this section for last three days
elite crop shows decided Improvement, but
late; Red River, Pauls. Wichita Valley,
through both territories, crop simply enor
mous. Large plant heavily fruited, but late
on account of Incessant mins In August.
With favorable weather and n late fall#
would be a record crop/’
Dun's Review sots: 'T(_
have not materially changed the mills
operating a Jorge percentage of machinery
without having much nsw forward busi-
n Todav’s map la more favorable, and while
scattered showers have occurred In Georgia
Alabama and Mississippi, the weather If
much dearer, especially 1n Texas.
New York. Se^t. 22.—Liverpool closed
due unchanged.
The Journal .»f Commerce nays: "The
^ libers have had s generally quiet week
the stores, but they still r
trade from various parts of
on goods taken In small volnmc when the
season opened. The strength of prices for
nil spot goods continues, and there Is no
COTTON MOVEMENT
DURING PAST WEEK
llowiog tsbls shows tho raovrrarnt of
during tho post week nml the total
movement etnre September I, compiled by
Superintendent Ktn*-of the New York Cot
ton Exchange:
Port receipts...
Overland to mills and Canada..
•Southern mill takings
Gain of stock at Interior towns.
Brought Into sight for the week
11905.1
156,122
I 4.632
45.010
15.962
11906.1
240,478
I 4.357
42.000
26.005
Total Crop Movamtnt.
11950
297.776
Brought Into sight thus far....
•Rstimated.
WARE A LF.LAND'5
DAILY COTTON LETTER*
Sent. - ,
plained reason, there waa a aharp break
the Liverpool market this morning that
New Yoric. Sept. 2.—For soma uuex*
lore waa a sharp
III
—— .hi
w . Shorts had been covering
for some time on the theory that the crop
deterioration has been such and the demand
for spot cotton ao good that, temporarily,
t least, an advance In the future mor
tal might he expected. Going on this
assumption, a great deal of the short cot
ton has been covtred dnrlng the past
two or three weeks, and as the market
approaches the Oetot*»r notice day. the
weight of the nctnnl cotton has been In
creasingly felt from day to day. Und«r
the circumstances, the dlii>osJtli>n to sell
short was very natural, but It now bo-
. • - •- -- —-—■- int o* '**
. WS 1
it pi
. ned alNiiit
there waa an aggressive
lasting for some
NAME OF STOCK.
iSJnttOTr;:
American Sugar lief. ..
Anaconda. .......
American Loeomotlrs..
. do, preferred. . . .
Amer. Smelting Itsf. .
A4i«K"?'. r " d \::
America ^Cotton OIL
‘■aar. Csr Fi
w*::
Colorado Fnsl ft iron..
Central Leith,r
„ do, preferred.
gfcMWf!*:::::
America Hecurltles. ,!
&
tfiS
NAME OF STOCK.
. V., Ont. A Western. .
Nn ti« nnl Lead
Northern Pacific
New York Central. . . .
Norfolk A Western. ...
Pennsylvania
People’s Gas
Pressed Steel Car. . . » ,
Rending
e epuhllc Steel. . . . . ,
ock Island
do. preferred
United Stntea Rubber. .
da preferred
do. preferred. . .
Sloss-SheffleJd. . . .
Tenn. Coal A Iron. .
Texas A Pacific. . . .
Union Pacific
United Staten Steel,
do. preferred.
Western Union.
Wabash
do. preferred. .
Wisconsin Central,
do. preferred. .
To nl stock aalea today 388,400 shares.
NEW YORK.
Sept. ,
Oct. .
Nor. ,
Dec. .
Jan. .
Feb. . .
March. .
Ms;
iy-
OT
*.79*80
8.96-97
9.13*14
9.22-23
9.29-31
9.1? 39
9.50-51
LIVERPOOL.
The following table gives the opening
range and clone, compared with yesterday’s
close: i
Future* opened quiet and steady.
Opening Previous
Range. Close. Close.
. . .6.31 Vk-6.18
.6.09 -6.06%
September.
Oct.-Nov. . ,
Nov.-Dee. .
Dee.-Jan.. ..
Jan.-Feb. . ,
Feb.-March.
March* April.
• . .6.04 -5.02
. ...6.04 *6.01
6.04 *6.02
. . .6.06 r
$.22%
6.11
.tt-6.03
’4*5.06
‘ -6.07
‘f*
6.06% ....
6.02 6.05
6.01 6.06
6.02 6.05
6.03 6.07
6.06 6.09
6.07 6.11
5-08% 6.13!
6.10 6.14
NEW ORLEANS.
tares In New Orleans today:
Mopt
Oct
Nov
Dec
Jan
Feb
March.
May.. .
Closed
9.46
. 9.68
steady,
a
li j 11
rrsu
9.11*12
9.14*15
9.18*17
9.28*27
9.30-32
9.40-41
9.66*65
rii™
9.17*18
9.20*221
9.22-21
9.32*28
9.37-39
9.47-48
9.52-54
NOTES ON GRAIN
Pointers on Provisions.
THE COFFEE MARKET.
The following table gives the opening
range and close, compnred with yesterday a
close:
THE DRY GOODS MARKET.
York. Rent. 21-r-The dry goods mar*
, wn * aenerally quiet for the day. tl»*
•pediil fonture being the buying of print
«ind yarn goods In- large volume Into
^jarch. of next rear Raw woo! Is or*
“!*• "" manufacturer* are finding fault
prices.
Opening
fiance. Close.
..6.50-8.55 8.35-6.40
Reptember. . .
October. . . • •
November
December. . . <
January
March
‘steady!
NEW YORK BANK 8TATEMENT.
The weekly statement of the New York
nank Association show* the following
changes:
Reserves..,
I^tans
Hpeele.,...
Private Wire to Glbert A Clay
strong.
Chleago ltecnrd-IIernld: "It was the pop
ular Impression at the close of business
—* **- little pocket edition cor-
... .... corn, cauaod largely by
the purchase of Reptembar by Armour
against sales of cash corn east, had com* to
an end.
i iiiciko. oepi. ftft.— ftiio luirr-urmu wijb;
Minneapolis millers have bought 200,000
bushels hard wheat la Kansas City the past
few days. Heavy rains In the northwest
have made the new spring wheat damp, and
Minneapolis millers are after dry wheat to
mix with new spring. Cash prices In Kan
sas City yesterday were up “*“■ —••• —
and exporters buying. No.
up
Cash business In wheat In Chicago Friday
was 66.000 bushels. Including 25.0M bushels
No. 2 hard for export and 80.000 bushels
to domestic mills. Thera was also 11,000
bushels of mixed lots.
Sales of corn were 66,000 and oats 50,000
bushels.
At the seaboard export sales were 138.000
bushels wheat, 144,000 bushels corn and 70,’
000 bushels oats.
Deliveries on 8eptemt>*r trades yesterday
were 95.000 wheat, taken In by Hhearson,
ZInntmlll and Knight McDougal. Of corn
and oats there were 26,000 bushels of sach.
of rye 10,000 bushels and short ribs 900,000
ponuds.
A local export house has Its bids on hard
Inter whs ‘ * *" “ —
they were i
exporter, wno aemnin isias «or pumicHiioti.
said that the aenbonrd waa offering to sell
Manitoba. Duluth No. 1 northern and No. 2
hard winter at lower prices than It waa
possible to put the wheat there. An ad
vance In wheat of over 4c him worked a
wonderful change In sentiment among the
speculative trade In the past two weeks. A
majority of trade Is now bullish and see
plenty of reasons to justify their position.
Two weeks ago It was the reverse.
Northwestern traders who bad oata sold
bar* hare been covering them of late.
WORLD’S VISIBLE
SUPPLY STATEMENT
of
Circulation..
.* IML
. 13.lf0.000
"..17,763,900
GIBETRT & CLAY
STOCKS ■ONOJ
1 * alabama * t -
IBK8I
ATLANTA, OA.
Tort Mock BxeksnwJXsiv Ortasns Cotton "«*;|
fe coff« B;: ssa
-iu„ MMftsurse "““■w. «■ «»»■—
. Trads.
Association
Eichan,*
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 858.
ATLANTA. GEORGIA
flocratary Hsstar’s ststsmsnt
world's ytsllds supply of cotton shows an
Increase for ths week of 44,ML mstasf an
Increase of 100,144 last year nod en In
crease of 144,467 year before leet.
The total rltllile li 1,744,104, axelnst 1,-
7(1.441 leet week, 3,744.424 test year end
1.422.747 year before leet. Of thle, the to
tal of American cotton le !,0M,70^ axntnst
414,461 leet week, 1,416,428 leet year and
446.747 year before lest, snd of .11 other
kinds. Including Egypt, Brasil, India, etc.,
771,000, agolnet 832,000 leet week. (41,000 last
year and 657,000 year before laat.
The total world'* visible aupply of cot
ton, ee above, ehowa an Increase compared
with last week of 44,041, a decrease com
pered with loet year of 161,124 and ani In-
creeae compered with year before leet of
57 Iff 5 the world'* ylelhle supply of cotton,
ea above, there It now afloat and heldln
Great Britain and continental Europe 74^.
000, agaioat 1.411,000 leet rear end 469,000
veer before leet; In Egypt, 27,00,1. tgalnet
24,000 leet veer end 6L«0 yeerhefor* last;
la India B7.000, against 62L000 last year
snd 244,000 year liefor* lasL andLin tha
United State* 443,000, agalnet 741,000 laat
year end. 424,000 year before leet.
CHRONICLE -WEEKLY
WEATHER REPORT
Sew York, Sept. 21,-Our adrleet by tel
egrnph thle evening denote that on tha
whole the weather hat been more favorable
during the week over much of the eouth-
wcat. Dry weather hat prevailed, end
where rain haa fellcn the precipitation hat
lieen light or moderate, except lu eome
Kctlons* along the Atlantic coaet. Cotton
1. owning rapidly, nn a rule, and picking
In the mein It making very g<wd progreaa.
Front Texas, hnwerer, there Is complaint
that plckcra arc badly neede.7. There ere
some report* that the movement l> .being
restricted to farmer* holding for batter
price*. ___________
SPINNERS’ TAKINGS
AMERICAN COTTON
Following la Secretary lleater'e state-
ment of the taklnge of American cotton
of the world. In round nombcri:
Thle week, 170,000 thle year, tgalnet 144,-
800 lest year, and 104,000 year before
last.
Total aln<*o Rvptambor 1. tbla yaar, 485,-
900. against 493,000 last year sod 212,000
the year before. . _ ,
Of thle. northern aplnnera and fauada
took 63.000 bale* this year, agalnat 10.000
rear and 90,050 the year be/.»rq:
i ia s w.. n r aud 97.000 the j ear tiefore, and
fSrigi A>l*»cni »«•«»• •P»“‘ *••«
.Mr end' 156,009 the year liefor*
WHEAT HOUNDED
LIKE RUBBER BALL
Bears Hammered at It But
Were Unable to Hold
Prices Down.
Chicago, Sept. 22.—If was Impossi
ble to emaah wheat. The bears ham
mered away at It In a continued way
and succeeded In trimming the edge*
only a little, and aa soon aa they let
up In the onslaught It rebounded not
unlike a rubber ball. The buying of
wheat waa of excellent character, and
while Winnipeg and New York were
tending out bearish reports on caah
wheat, there were said to have been
liberal sales on a sub-roan way. The
market closed l-8c lower. Corn
showed losses of l-8®6-4c. Oata were
unchanged to l-4c lower. Provisions
10c off to 5@10c up.
Cash sales here 24,000 wheat, 117,000
corn and 160,000 oata.
The seaboard reported) 11 loads
wheat, 3 of corn and 185,000 bushels
oata.
Primary receipts of wheat 978,000
bushels and corn 473,000 bushels,
against 1,364,000 and 688,000 bushels,
respectively, a year ago.
Clearances for the day 235,000 bush
els wheat, 18,000 bushels corn and 7,600
bushels oata.
CHICAGO GRAIN MARKET,
fo^blcego jjrelO' am* provision quotations
Previous
Open. High. Low. Close. Close
WIIEAT—
nail
fe'a aai
fc si Si sa sa
'l-oiik- 31 * ¥■ 34Tb
Sept
Jnn.-^ii.mt 13.26
LABD-
Sept... 8.40
Oct... 4.47H
Jan... 7.60
SIDES—
Sfc S:2?
Jan.... 7.77%
8.90
8.90
7.80
iirn
7.10
8.90
8.85
7.77%
7.^6
*]57V4
7.07V4
8.87%
8.85
7.77%
8.92%
8.57%
7.06
NORTHWEST CAR8.
io following figaroa giro tho i
i ot today, laat wook and Inst ;
Mlnnrnpolla , . ,
THE PRIMARY MOVEMENT.
The following figures give the primary
movement of whwtt and corn today:
Wheat—Rttcelptt 978.000 buabels, against
1.864,000 buahel* laat year: shipments 696.-
00) buahela, against 560,000 bushels Inst
year.
Corn—Receipts 478.000 bushels, against
.J8.000 bushels last year; shipments 421,000
bushels, against 974,000 bushels Inst year.
LIVERPOOL GRAIN MARKET.
LIVE STOCK MARKET.
Chicago. Sept. 22.—1 logo—Estimated re
ceipts today 7,000. Market 5o higher: qual
ity fair; left over 2.562; bulk S6.1M/9.55; ea
tlinn ted for Monday &000; light hoga $6.25
G6.70: mixed I6G6.70: heavv I5.66R6.60; rough
fa.^>45.96; pigs |9.90^5.70: yorkers |6.80®
6.60* good to choice henry 35.504f9.70.
CatTle— Estimated receipts 200. Market
unehanjred^ ijunllty falr^ beeves |8.80©9.90;
cow. ft.snff4.40; heifer. $2,*ni.5S: e,l?ei |l
B4: food jirlme steers I5.86fffl.90: ptvir to
tnnllmn I3.40ff6.40; stockors nnd feeders
»2.4nff4.60.
Hhcep—Estimated receipt* 2.000. Market
nnchnnxed: qunllty fnlr; native t3.20ff. p >.fi&;
western I3 2M6«: yenrllnge fe.60ff6.i6;
lamlis 4l.50ff7.75; western 34.54ff7.16.
Wheat-Opened He lower; rloeed He
lower.
Corn-Opened HffHc lower; closed HffHc
SOUTHERN EXCHANGE
Oldest Established Office South.
conoi STOCK—BONOS GRAIN
Ground Floor Oould Building. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, SJOCKS, GRAIN
Correspondent’s Capital $250,000
KCrCRENCC. THE NEAL BANK
PHONE I4IT. PRUDENTIAL BLDG
Private Wire to Glbert X Clay.
New York. Bent. 22.—Daniel Odell A Co.:
The market will probably continue In a
trading position until the money situation
Is cleared up, nnd we advocate purchases
only on recension* ami sales on bulges. All
fundamentals, except money, contlnnes bull-
Marshall, Spader A Co.: Pending more
ceprnin news regarding addftonnl gold Im
ports. and the possible attitude of the Bank
of France, the market may show some
heaviness during today’w trading.
Think Baltimore and Ohio la a purchase
on all weak spots for a pronounced nd*‘
vance.
New York Flnnudnl* Bureau: While
strongly advocating purchase* on reactions
today, we do not believe any consequen
tial extension of Improvement will hold
more than temporarily, owing to the mone
tary situation and some technical fen ft res,
although It must be admitted that the out
look favor* a good bank statement, and
there Is a strong tendency to sell short
on the slightest provocation on the part
of tho professional element. Develops*
over night are conducive to strength* w
the position of the bull In n small way
for the long pull, but for ImmeiUate One-
tuntlon Information la neglectful of the
general market from a bull viewpoint,
while at the same time It Is prolific or bull
BP? ?n si>eclsltlas. The day’* operations
will Include a good deal of evening tin,
nnd this Is productive of Irregularity. U J
do not Iielleve the market innnlpnh
will let the market down amterlally In t
reactions of conservatism, aud to Increase
the shortage chiefly because It would take
the lift out of the present pahltc Inter
est. which la sustained by conservative
activity,
HESTER’S WEEKLY
COTTON STATEMENT
BUSINESS SLOW
IN STOCK-MARKET
St. Paul Fluctuated Fre
quently Within Narrow
Limit.
PUT MARKET IN LEAD
Secretary Hester's statement of the move
ment of cotton for the week ending yester
day shows a decrease Into sight for the
week of 62,000, snd the seven days ending
September 21 Inst a decrease under the
same time year before laat of 79.000. and an
Increase over the same time In-1903 of 90,
000.
The amount brought Into eight during the
past week haa been 255,306 bales, against
307.797 for the seven days ending this date
lost year, 331.134 year before laat ar'
681 same time In 190S. and for the l
one days of September It haa been
against 899.230 last year, 710,630 year
last snd 810,938 same time In 1903.
iwu.iia , *
last and 203.912 same rime
Mlsslppl. Omo snd Potomac
iern mills and Canada 12,161,
.... Jast year, 10,240 year before
laat and 1,017 same time In 1903. Interior
stocks In excess of those held September 1,
39.498, against 71,231 last year, 56.993 yesi
before last and 42.756 same time In 1903
Southern mills takings 133,000, against 129,
883 last year. 91,468 year before last and
63,224 anine time In 1901 Foreign exports
for the twenty-one days have been 221,146,
against 287,709 last year.
The total takings of American mills,
North. Aokth and Canada, thus far for the
season have been 199,219. against 209.569 laat
ear. These Include 63,006 by Northern
dinners, against 79,740.
(Hocks at the seaboard snd the twenty-
nine leading Southern Interior centers have
Increased during the w*t*k 85,997 bales.
Interior towns from the last crop nnd the
GIBERT A CLAY’S
DAILY COTTON LETTER
tie due
sellers and evidences of aup|iort were mea
ger In the extreme. Options closed 4 points
lower, while spot sales were 4,000 bales 2
points lower.
Increased activity and a wider range In
price changes from the ruling narrowness
marked the day's developments. Bearish
activity was more prominent on excellent
weather conditions, good crop news and the
unfavorable tenor of foreign cables. The
!*»«* «wy support evdn In the face of g
bullish visible aupply statement, the Inac
tivity of hulls when receipts are compara
tively small nnd wheu tho various spot can-
Bank Statement Was About
As Expected and Was
Without Effect. ,
New York, Sept. 12.—This morning'*
market presented to the speculative
community the disconcerting spectacle
ot prices going down under “goud
news." The weekly bank statement,
even with the allowance for the un
recorded caah gain of laat Saturday,
waa bettar a good deal than had been
expected. Caah holdings Increased over
312,000,004, and with loans expanding
37,300.000 this still sufflcsd to leAra
a surplus reserve gain of 37.300,000.
The surplus Item Is thus raised to the
comfortable total of 111,000,000 and
stands now almost 14,000,000 above
what It wa* at the corresponding pe
riod last year. Nevertheless, the mar
ket's response to this favorable show
ing was a feeble roily Just after the
appearance of the figures, followed by
a renewal of waakneaa all through the
list, Anal prices being about the lowesi
of the day.
The bank stattmant makes It harder
than ever, of course, to understand the
week’s hardening of time money rates.
Nor waa the course of tho morning's
security dealings Intelligible on any
other ground than a highly manipulat
ed market, moving, aa auch markets do, .
In direct opposition to outside news.
LONDON 8T0CK MARKET.
STOCKS—
Amalgamated fopper. . ..
Anaronds . .
Atchison
do, preferred
Baltimore and Ohio. . .
Canadian l’selfle. . , .
Chesapeake nnd Ohio. .. .
Chic., MIL snd Rt. Pan!..
Erls v
day preferred
Illinois Central
Louisville nnd Nashville. .
Ulsaoorl, Kens, and Tex...
do, preferred
New York Central
hern FeclAc
»lk end Western. . . .
Ontario snd Westsvn
Pennsylvania .. .
8Sf%iod-v.:
Hon thorn Pari fir
Boutharn Railway
Union Pacific..' .. •* .. .
United fltatc* Rtcf?l
do, preferred.. „ *• ,* •
Wshssh .. .
do. preferred.. .....
Nevertheless there hee been created,
through assurance, for an ample yield, a
short Intercut of mnslderxldo mtxnUnds,
not only In the domeetlc tenters, hot In
the foreign mnrket as well, and should tlm
occasion arise when liquidation liecnnics
Imperative the question of contract supply
might nerve as • temporary check to fur
ther decline*.
JV1L f„ rBBL, President.
ItODBKT F. MADDOX, Vice President
THOMAS J. PEEPLES, rathlar.
JAMES G. LESTER, AaaiaUnt Caabler.
MADDOX-RUCKER BANKING COMPANY.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
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.
ASSETS $150,000.00
On* dollar start* an account
Houro: f a. m. to 6 p. m. Sat
urdays till B o’elock at night.
moo. a. rr.r.i i.r.n,
W. B. STOVALL. F. J. PA^ON.
W. O. FOOTE. J. T. IIOLLFsMAN
CLYDE BROOKS,J. M. JOHNSON.
Safe Deposit Boxes
For rent In our vaults in the basement of tht
Empire (Building for only $5.00 eaeh per
annum. /
Absolute Security and all Modern Convenienses
You should not be without one. We invite
yqti to call and inspect them.
Title Guarantee and Trust Co.
Sew Orleau.
cottonVgraw?, Provision's, t sTocK!pBONDS,
Ila. 2 Wall St.. Peteri BellHaf, Attaata, 6a.
Sew 0/leant Cattaa ...
Urereeet Cattaa Aaaaelatlaa.
Private Wires la Sew
Sell Phene 120.
VIKff* *»•!« *1 I * Owe.
>#f, Chlceae Sleek luhenge.
aa. Sew lark Coffee tzebaaft.
fork. Haw Orleans, Chicago. f. C COTS MAS. Uenaaet.
Standard Phan
3i % Compound Interest
lo the rate your money will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL RANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You ara Invited to call and Inspect our quarters and investigate
our facilities to serve you. A hearty welcome awaits you at this
bank.
ASA Q. CANDLER, Preildent.
W. H. PATTERSON, Viee-Pre*. A. P. COLES, Cashier.
JOHN S. OWEN8, Vlce-Pres. WM. D. OWENS, AssL Cashier.
HUBBARD BROS SCO., SSL
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the aboveexchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Distsnce 39. A. S. Hustace. Mgr,
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. E. Cl/RRIER, Prsaldsnt A. E. THORNTON, Vice-President
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Cashier
JAME8 8. FLOYD, A.s’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.09
We Solicit Your Patronage.