Newspaper Page Text
THE ATLANTA GEORGIAN.
COTTON HEAVILY
SOLDJT START
A Decline of 5 to 9 Points in
Initial Prices the
Result.
SPINNERS THE BUYERS
Together with Some Sup
port in a Steadier Tone
. After the Call.
New York, Sept. 24.—At the opening
of the local cotton market there was
heavy selling, based on the weak ca
bles, but also some good buying, a
part of which at least was credited to
spinners. First prices' were 5 to 9
points lower, but the buying men
tioned and some bull support steadied
the list after the call.
The Liverpool market was decidedly dis
couraging to the friends of cotton this
morning. It wns due to come about un
changed, whereas prices at 12:30 were some
6 points lower on futures, while spot was
marked down 8 points to 6.47d for n
on Miles of 6,000 bales.
Following nr** the active months In Liv
erpool today
Opev High. Low.
OctolKir-Noveraber 4.99 4.99 4.96V4
Janunry-February 6.00 5.00 4.96 -
March-Aprll 5.06 6.06 5.02
May-June 5.07 6.07 6.06
New York opened 5 to 9 points lower,
first price* being nt the highest prices of
the day, heavy celling orders appearing at
the opening of the session and on slight
easiness or spot eotton In nil the market
centers, with freer offerings reported, the
decline continued, with only smnll recover
ies throughout the morning session.
Comparative receipts at all U. 8. ports:
Net receipts to date 43.409
8ame day last year 54.301
Decrease 10,895
Total Receipts for two days 79,
8auie days last year 108,749
Decrease 28.783
Total receipts since Neptemher 1 475,669
8ame time Inst year 685,063
Decrease 200,384
Estimated receipts tomorrow:
1936. 1905.
New Orleans 9,000 to 11,000 4.351
Galveston 30.000 to 32.000 25.542
Houston 25,600 to 26,500 28,073
NEWS AND GOSSIP
Of tiie Fleecy Staple.
New \ork, kept. -4.—Liverpool opened 5 to
6 lower, Expected to be unchanged
Liverpool cables: “Market feels effect of
tinned K r ;r.M"^° ttOU ° ffer «« »“■
A l %V2^.SSII , ?.llKl!. tt,!pr,ce of
The Journal of Commerce says: “Buying
t 1 !*<*“« UK With hut little In*
21m- R; ot ."“J change of moment for
•orae time to tome. Mnny commission
houie, are predicting n routlnunnce of vnl-
“£•,£“ present levels for the Imlniicc
of the yenr, mid they tire anticipating n
very dull soring trade. Buyers generally
r.rr "V: r “ “Sf* 1 ® Ike strength In
uiny lines. Imt they give uo slgu of nny
desire to pay present prices save for th»
gtmds they require for Immedinte use."
New Orleans, Kept. :t.-Mverpool 5 to
down hratote. a aurpriae and looks ...
though sentiment had hceonie pronouncedly
henrlsh ugnln. Unchanged to 1 no was due.
htorm warnings nre dlsplnyei! on
southern Morldit peninsula.
Opening loss has been luereasetl throui
eonslderahle selling pressure. Very I
-‘ipport Is In evidence at tiie moment,
live 1 —
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-dee
years' experience of ed
iting markets In Atlanta
and the South baa made
him a recognised au
thority In bis epcclatty.
TIPS FLASHED
From Wall Street
Private Wire to Wa
New York. Sept. ,
p6nHug after early dlpa.
la the htiiiiah feature. *1
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
8®
8POT COTTON MARKET.
Liverpool, spot cotton quiet and steady:
middling uplands. 5.47d; sales 6,000; Ameri
can 5,400; speculation and export 590; re
ceipts 6,200, all American.
Atlanta, quiet nt 9 l-16c.
New York, quiet nt 9.60c.
New Orleans, easy nt 93-16c; salts 1,525;
delivered on contract 100.
Savannah, quiet at 9c.
Augutla. steady ft 9Y t c.
St. Louis, quiet nt 9%c.
Charleston. qul*t nt 9c.
Wilmington, ston.lv nt 9V»c.
(iahcstfui, Ann at 9 7-16c.
Memphis, steady
verpool cables: “Decline caused
them selling."
-Jdny'a map Ta generally cloudy with ex-
tremely Ih-lit and'scattered shower,, capo-
c/nlly In Texas. The map. however, cannot
la- called altogether unfavorable, na the
vails”II ** lni ' ou,,l ' l, ' rn| de. Cool weather pre
Onr traveling representative wires front
Hobart, Okla.: “( rop Oklahoma to Chlekn
saw to here Is l*e*t ever produced In tilt
section. If weather la such that It can Ik
gathered. Drove over considerable terrl
fojTJ know that big crop Is already made.*
The market does not show much disposi
tion to Improve, speculation being too small
to sustain spot hedges.
The western forecast Indicates ra!:i w
night and tomorrow for Louisiana and east
ern Texas; fair weather f«*r the balance.
storm warnings are displayed ou the
southern Florida peninsula.
The eastern forecast Indicate* f«|r wealh
er tonight and Tnes<lay f«»r the Carolina*,
with possible showers tomnrnrw In por
tions of South Carolina. For the balance
rains Iwith tonight and tomorrow, with hlgl
easterly winds on eastern coaat of Florida
Private Wire to Ware Sc Iceland.
New York, Sept. 24.—Liverpool futures
opened quiet, 3 down. At 12:15 p. in., 6 to f
«lown and easy. Hales 6.000 spots, 8 down,
at 3.47d. Futures due nl*out unchanged.
Liverpool cables: “Rather more actual
nml continental selling. Spot demand do
Idedly smaller."
The New York cotton market opened weak
nml nltout ns expected on Liverpool cables.
Helling general by commission bouses; buy
lug principally short covering. Market look*
heavy. Think It will work lower. Would
sell on rallies.
Mitchell and TTentx good sellers of De
cember nml January. Howard Wilson and
local shorts buying.
New Orleans, Sept. 24.—The market
very steady Iti spite of good crop reports
nml bearish cables. Shorts seem to lw» cov
ering freely. The spot deninml Is very fair.
1,1 verpool cables: “Market declines be
cause buying wns not sufficient to absorb
selling against spots. It feels effect of too
offered and continental
_ lf*l
much actual cnttoi
longs selling.”
Exporter* say that about 1.200 notice,
were Issued this morning and probably stop-
Sulphur Springs wires: “A prominent gif
tnnn east of town says his total ginning Ins*
year wns 371 bales, and states he will gl
more than that this week.”
TODAY’S PORT RECEIPT8.
The following table shows receipts at the
INTERIOR MOVEMENT.
The following tnbre shows receipt* nt the
Interior towna today, compared with the
same day Inst year:
Houston. .
Augusta. . . .
Memphis. . . .
St. Louis. . .
Cincinnati. . .
Totnl.
14720
4393
2012
PRICES BETTER
IN NAVAL STORES
Ions week. The climb was really from
$om« to 61 He. Tuesday the price reached
61c, around which figure It hung until the
close on Thursday, which wns Vic higher.
At the close of the market today price*
were firm nt ClUe, but In the late trading
hour a weakness was evident. Sales were
made both nt 61c and 61Kc. while oome fac
tors declined the lower price and some re
ceived no bids. Prices will hardly go lw»-
low 61c for the present Week, and may go
on considerably higher. Values nre lower
than the same time laat year by over
cents.
The rosin market closed the week with
chnuges In some grades from the opening,
the pales being generally higher nml the
medium* slightly Tower. The offerings dur
ing the week were divided among a number
of buyers. Tin* exporter* known ns the
“combine" were hammering the market
early In the week, but Inter Independent
buyers Idoeked this program nml hhl higher.
The receipts continue slightly under lnr,t
yenr. The statistical position of spirits Is
good for a further rise, hut 111 the present
WEATHER IN COTTON BELT.
Texas—San Antonio cloudy nml pleasant;
mined Saturday and Sunday nights. Hous
ton cloudy anti cool; rained hard for two
hours last night. Dallas partly cloudy nml
pleasant. Tyler cloudy and warm. Bel
ton cloudy; mined this morning. Tem
ple sprinkling. Sherman cloudy nml pleas
ant
Mississippi—Meridian cloudy and cool.
Jnekson and Ynxoo City partly cloudy and
pleasant.
Alabama—Mobile, Selma clear and warm.
Opelika partly cloudy; hard rain yeiter-
day. Troy clear mid cool.
Georgia—Columbus clear and hot. Atlan
ta partly cloudy and cool,
l oulsluna—Now Orleans clear and plena-
WEATHER IN WHEAT BELT.
Extreme Northwest—Generally cloudy; 54
to 58 above.
^Northwest—Generally cloudy; 54 to 66
West and Southwest—Clear: 64 to 70
al ovc; general rain* In Illluola; local ralna
In Missouri.
Ohio Valley- Cloudy; 66 to 72 above; !o-
enl ruins.
weatherTorecast.
Georgia—Thunder showers Monday and
probably Tuesday; variable winds, tnost«y
n»rthcn*t wfndsj Increasing Monday after-
noon or night.
.East Florida—Showers Monday and Tues-
Aiy. Increasing southeast winds.
Lut Texas—Showers and thunder storms
Monday and Tuesday; fresh east to north-
M "t winds.
'\.*t Texas-Scattered thunder showers
s, ;f»dity and Tuesday.
WE’gkL'Y COTTON-CROP R'EPORT:
New Orleans, Sept. 24.—Reports from
ir correspondent* Indicate rather mixed
condition* over the cotton belt. General
Improvement Is noted In Texas and In the
southern counties, gins, compresses nml
ern counties, and the crop there seems
to l»e about a month lute.
In Mississippi, the weather has been
favorable during the week, on the whole,
complaints coming from comparatively few
places. Cotton la opening fast, snd 1* be
ing rapidly picked, which Is resulting In
a fair movement.
In Alabama, It Is claimed that the crop
but the movement shows signs of Increas-
The Georgia crop la nlso beginning to
move more freely, although It la undoubt
edly Into. Farmers are marketing slowly.
It would aeem from our reports that tho
farmers In Texas and In Mississippi
not Inclined to hold, whereas Just the
poslte may be said of the eastern I
Everything points to a greatly lucrenae<l
movement In the near future. The light
movement thus far this season seems to
ho due to the lateness of the crop and
the disposition of farmers to hold In the
cotton region east of the Mississippi more
than to anything else.—Ware A Lelnnd.
GIBERT dTcLAY’S
DAILY COTTON LETTER
New Orleans, Sept. 24.—In Liverpool the
liquidation of the Continental long In
terest and freer offerings of spot cotton
weighed henvllv upon options, the closing
levels of which were 4 point* lower than
those of Saturday. Sales of snots amount-
ml to 6.000 I Niles, quotation* losing 8 points.
The apparent easiness of the *|>ot markets.
| M >th In America and England, was, In the
main, responsible for the loas In values
of contract*. Locally. the demand for cat-
ton has waned considerably and factors.
It Is said, are finding some little difficulty
In selling at board prices. Ibwever. It may
Im» that spinners having become Imbued
with large crop Ideas, are awaiting a more
favorable opportunity to enter the market
It Is too early yet to reasonably expect
decreased demand to be more than n
momentary factor. Apart from the nrl-
luarr Influence of actual cotton speculation
at this time la too light In proportion to
GIBERT & CLAY
> t ALABAMA AT.
STOCK*. »ONDJ
COTTON. GRAIN,
come, provision*
ATLANTA. OA.
’ Tork Stock Exctunf».|fj«* Orlooti, Cotton RjjJJJ*jjL| h ,!;jpSoi ,, Cot?on < ATlool*'tloi»
VorkCottSl^SSRIxoT OrtSS aSri o* Tr.ie.Uu«.on Cotton K«b.og*
Ub. snd Una «• FAOAN.Mnn.nn.
NAME OF STOCK.
nerlcnu Locomotive..
do, preferred. . , ,
mer. Smelting Uef. .
Canadian Pacific. . . .
Chic. Sc Northwestern..
Chesapeake * Ohio.
uo, preinrrea. . , .
A Great WeiTo.
Ch c.. Mil. A Bt. P. . .
Dfbmttre A Hudson. ..
Distillers Securities.
—rie .,,.,,4.,,.,
,, do. preferred. ....
Geitoral Electric. . • ,
Illinois Central
Amer. Ice Securities. .,
Louisville Sc Nashville..
Mexican Central
Missouri Pacific
NAME OF STOCK.
N. Y.. Out. St Western.
National I .cad. .....
Northern Pacific. . . •
New York Central. . .
Norfolk & Western. . .
Pennsylvania
People** Qaa
Pressed Steel Car. . •
do. preferred. . . •
Pacific Mall
Beading
Republic Steel
Rock Island
do. preferred. . . .
United States Rubber.
do. preferred. , , .
Southern Pacific. . . .
Southern Railway. . .
do. preferred. • . •
Sloos-Sheffleld
Term. Coal Sc Iron. . .
Texas Sc Pacific. ....
Union Pacific
United States Steel. .
do. preferred
Sc Lelnnd.
_ _ t n n-
Houthorn Pacific
The market gener
ally does net act very good.
I.ook fop Irregular stock market over
month. Would buy Louisville
ud Nashville on every set-back.
N 0 w York Financial Bureau: Recom
mends tlon la made that purchases lie mads-
on tractions, except In specialties, because
of the fact that certain indications point
to irregularity the forepart of the week,
*t least, but with no serious decline, al
though sentiment may become somewhat
unsettled ns the first of the month, which
may bring money flurries, shall approach.
Developments over Sunday are not condu
elvo to change lit the vital factors gov
crnlng prices, and we see no reason for
tihamlonliig the policy of conservatism
which baa stood In good stand those who
have employed It In the Inst ten days.
Financial press comment, ns we Interpret
It. Is bullish, but more for the long pull
Mian otherwise, as cautionary advice la
given regarding money, even though the
t>ank statement shows n surplus greater
than that nt this time of the year for
STOCKS OPENED
NEW YORK
The following Is the range In cotton fu-
tures In New York today;
Sept. . ,
Oct. . .
Xvo. . .
Dec. . .
Jnn. . .
Feb. . .
March.
May..
i'logea steady.
ii I
8.60-66
8.70-71
8.86-87
9.04-06
9.12-13
8.73-75
8.79-80
8.96-97
9.13-14
9.22-23
9.29 31
9.38 39
9.50-51
LIVERPOOL.
The following figures give the opening
£?.?JL e t0< * c * 0#e * compered with yesterday's
Oct.-Nov. .
Nov.-Dec. .
Ihw.-Jnn. .
Jnn.-Feb .
Feb.-March..
March-Aprll.
Mosed steady.
Opening.
Range. Close.
. .6.1: -6.11 6.13
. .6.034-5.01 6.03
• •LW -4.97 4.98
...4.98 -4.95 4.97
. .4.99 -4.904 4.98
ClMM..
5.18
if*
5.01
5.02
4 5.03
4 5.05
4 6.07
6-08*
NEW ORLEANS.
tures In New. <'
g Is th
tries ns
Kept. . ,
Oct. . .
Nov. , ,
Dec. . .
Jnn. . .
Feb. . .
March. .
May.. .
Closed
today:
II a u
Tn
9.01-02
9.04-06
9.07-06
9.17-18
9.23-26
9.31-32
9.46-46
ion
9.11-12
9.14-16
9.16-17
9.26-27
9.30-32
19.40-411
9.55-66
NOTES ON GRAIN
Pointers on Provlilons.
Private Wire to Ware Sc Lelnnd.
rowd was Inclined to buy wheat at
The
the opening. Looks ns If plenty of wheat
la for sale at 75e and nl»ove.
Oats steady, with a little easier feellug
on Increased receipts aud fine weather.
Market firmer un btiylog by Northern
Grain Coninauy.
. MJnn^PoR* stocks of wheat decreased
150.030 for two days.
n “ ‘">g« closing strong, provisions hnve
nriu undertone. Packers sustaining the
niarket. January product firm on moderate
buying. Cash trade good for meats and
lard.
Chicago Inter Ocean: Cash business In
heat In Chicago Saturday was 35,000 bush
els; corn 160,000 bushels, mid oats 110,000
bushels. At the seaboard, ex|»ort sales
were 88,000 bushels of wheat, 24,000 bush
els of corn and 180,000 bushels of oat*.
CHiicellntloii of
20.000 bushels of
142.000 No. 2 corn
oats.
Withdrawals of contract wheat from pub
lic elevntors for the week were 106,000 bush
els, Including 80,000 No. 2 red and 10,000
No. 1 northern. Of corn, there were only
i.OOO bnshelg and of standard oata 207,-
0 bushels.
Unlicensed elevators turned oat 218.000
contract wheat, all winter except 10,000 No
1 northern. Core wns bundled In large vol
ume by the private elevators, 1,160,000 con
tract being withdrawn, also 983,000 of other
grades, showing thnt the corn merely pass
ed through the houses.
Withdrawals of oats were 227,000 bushels
stnndnrd and 281,000 of other grades.
Leaf lard has advanced *c per pound In
V' past two days. Packers and the lard
trade nre In a quandary ns to what to do
with Inrd. The advnnce In leaf lard Is
taken ns an Indication of preparations for
manufacture of pure lard under the
Irem.mt* of the new national pure f—'
. which liecomes effective October 1.
A corn cron of 3,011.000.000 liusbels is
tlmnted by Jones ana Inglls. They Inti
mated several weeks ago that the m;pp
would he over 8.000,000,000 bushels. The
sfHiid throughout the entire country I* u
marked feature. No previous yenr has
equaled It, the stalk* being exceptionally
large and well eared, and ears filled out
to the end. These conditions, they say,
make a bumper corn crop. Reports make
this a significant feature of the Increase
WHEAT OPENED
FIRM _AND HIGHER
Small Northwestern Re
ceipts and Firm Cables
Main Bullish Factors.
lent.
1
24.— Closing prices
_ - -- higher for the day,
demonstrating the fart that the bull move-
mo.*,t In wheat Is still on.
Corn closed %e off to up. The
Repteinlier wns under more or less pres
sure during the day.
off
d day.
to lie
Provisions 2t4(?22Hc hlgiier.
here were 50,000 bushels of
«»» * —n 44"44 4 •
two loads of corn and 280,000 bushels of
onts.
Primary receipts: Wheat, 1.289,000 bush
_ s and corn 730.000 bushels, compared with
1.976,000 nr.d 504,000 bushels, respectively, n
year ago.
Clearances for the day were 688,000 hush-
CHICAGO GRAIN MARKET.
dalr;
states,
pas
to
mu*t"l>e deducted about" 135.000.000 bushels
from the above total. The government fig
ures would nlso show similar deductions.
CULLOUGH BROS.’ FRUIT
AND PRODUCE LETTER
Atlanta, Gn.. Sept. 22.-Both live and
dressed poultry senree and active nt a satis
factory range of valnoo— In fact, goods In
this line, especially dressed •tuff, have not
h»m In sufficient supply to meet require
ments for more than ten dnrs.
Egg leeelpts liberal, and owlug to thu lim
ited demand values are suffering a sharp de-
cllne. Indications are, however, that the
market will fully recover Jnst os soon as
weather conditions will permit
unite n S4*nrelty of the l*e*t grades of
table butter prevails with prices showing a
strong upward tendency, and the conditions
warrant a prediction thnt very mnch higher
prices will be In evidence In the near fu-
California fruit receipts nre normnl. Some
shipments arriving In bad order, serving to
cause a slight downward tendency. The
best goods nre l»elng preferred at prices sat
isfactory to nil parties.
For ten days receipts of Itasket grapes
\ Ohio and Michigan points hnve been
• liberal, with prices sufficiently low to
..Mt.wrlxen general and liberal consumption.
New York state grapes of the famous Lake
Klnkn brand are now lu transit for this
market, and nre tielng eagerly sought after
t advanced price*.
The heavy receipts of apples hnve served
„>r a week or ten days to cans** n slight
falling off In prices for all grades nml va
rieties. Reliable Information front the prin
cipal apple growing sections I* to the effect
that the crop for the present season has
never l*een equaled both ns
quality. . ., . ...
lemons continue high with
lunnd prevailing,
change‘of nc
ry I
tno
ns to yield sad
active de-
innge ‘
tote In the iKinnnn sltun-
with receipts nt iu<
Ineaptdes very scarce nml nign.
Some lmjnlry Iwdng made for "ranges.
However, Florida stock Is not sufficiently
" colored to appeal to the buyers from
.... rltorlous standpoint.
Irish | iota toes of quality meeting ready
de nt *o«hI prices.
The market more or less weak on onions,
dm* to heavy receipts.
nbtmge selling fairly well with but little,
bnnge n* to price.
^ Chicago grain ante provision quotation*
for today follow:
Previous
Open. nigh. Low. Close. Close.
Vi HEAT—
m. I s 1 1
CORN—
4
42tt
43h
ATLANTA MARKETS.
P.PUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
Produce Exchange.
Lemons. 17.75^8.00.
Limes. 60©75c.
Pineapples, 31.5002,60.
,tr *. ,K y"4u£? r ^ b,,nch ' W-W1.75.
Cull*. jH»r bunch. tl.OOAl.X.
CALIFORNIA rnUIT—Fancy stock:
Linerts peaches, per Itoz, $1.60.
Mountain Bartlett pears, per box, $3.25.
Gross plums, per crate, $2.
Columbian prunes, per crate, $2.
Rose Peru grapes, per crate, $2.50.
Blue Mnlvolse grapes, per crate, $2.60.
Cocoannta. per sack. $3.75.
.POULTRY AND COUNTRY PRODUCE—
Live hens. 35tf37Hc; fries. 22V402&C; broil
era. 15®22*4c.
Live ducks, Pekin, 3&c; puddle. 25027HC.
Dressed hens, per pound, 12013c.
Eggs, per dozen. 23c.
d;
iota toes,
fpound
$
Sept....
Dec
May....
OATS-
y ViiHK^ ^
S#»pt... 16.90 16.96
Jan... 13.57*4 13-40
a
jig
LAItD-
Sept.. 8.96
Oct.... 8.90
Jnn.... 7.86
SIDES—
Sept.. 9.15
<K*t.... 8.65
8.95
8.95
7.97V4
8.9214
8.90
7.82V4
9.06
!:88
8.92V4
3.90
T.82V4
9.10
8.56
7.1214
9.00
A»n W!
No. 2 rod 74*407414: No. 8 do 71073H:
No. 2 hard winter 73«i7; No. 3 do 70074.
lag
Honey, n
racks. 1001
VEGETABLES—Irish
stock, per bushel. $h06.
Cnbhngo (Virginia), lHc pound;
\lma I>eans per pound, 6c; Navy,
bushel.
Onions, per bushel, $1.25; cabbage, lV4c lb.
New sweet potatoes, 60c bushel.
Kraut, ^-barrel, WJ5.
FLOUR. GRAIN. PROVISIONS.
FLOUR—Poster* patent, $6.00; Dlnim
patent, $5.25; Mnscoutnh Star, U.10: fancy
1. $4.50; Red Eagle. $4.16; Blu
**555 fancy ' spring wheat pa
CORN—Choice red cob, 72c; No. 2 white,
70c; No. 2 yellow, 69c; mixed, 68c.
OATS—Choice white clipped, 48c; choice
white, 67c; cholco mixed, 45c; Texas rust'
proof, 50c. * •
MEAL—Plain water-ground, per bushel
67c; bolted, 119-pound Jute* per bushel. 63c;
Shorts, white, $1.50: medium, $1.40; brown,
$1.30; pure bran, $1.10; mixed bran. $1.05.
HAY—Timothy, choice large bales, $1.15;
do., choice small bales, $1.10; do., No. 1
timothy bales, $1.06; No. 2, $1.00; do., No. 1 {
cloevr mixed- $1.00; do.. No. 2 mover i
$1.00.
CLOVER—Choice Rermudn, 76c.
RYE—Georgia, $1.10; Tennessee, 90c. Bar
ley, 96c.
The above prices are f. o. b. Atlanta, and
subject to Immediate acceptance.
GROCERIES.
SUGAR—Standard granulated, $1.80. New
York refined, 4V4c; plantations, 6c. Market
COFFEl£-Roo*ted Arbnckle'a
bulk, In bags barrels, He; green, 10CF
12c
twins. 1444c. Marl
PROVISIONS—Supreme hatna, 18c. Dot#
linins, 1544c. California bains, 19.00; Red
Cross hams. 15c. Dry salt extra ribs, $9.15;
bellies, 20-5 lbs., $10.56; fat barks, 8c; plate*
8c; Hur “ * •" *“
Snow 1
SOUTHERN EXCHANGE
Oldent Eitablliihed Office South.
conoi STOCKS BONDS DRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL BANK
PHONE MIT. PRUDENTIAL BLOC
LIVERPOOL GRAIN MARKET.
Wheat—Opened unchanged; nt 1:80 p. m.,
44v higher: closed %0Hc higher.
. -a piiaiumwel; ‘ “
movement of wheat and
Wheat—Receipts today 1,270,909 bushels,
against 1,975,006 bushels Inst yenr; ship*
incut* today 592,000 bushels, against 639,-
000 bushels Inst yenr.
Corn—Reeelnts todny 730,000 bushels,
nnjrinst 504,000 bushels last year: shipments
against 504.000 bushels, Against 581,CO) hush
el* Inst yenr.
N0RTHWE8T CAR8.
last week and last year:
Last Last
Todny. Week. Year.
CHICAGO CAR
LOTS.
Today.
THE COTTON SEED OIL MARKET.
ONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
impire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA
Opening.
Heptenil**r. . .
Oetnber. . . ,
November, .....
|)erember g
January. .
Sales, 100 Septemlier ut 3*V$.
sustain the umbdng »f spot hedges, and
unless tin* storm now prejllet.fl for the
South Atlantic and gulf district* should
eroute some damage to the cotton In the
fields, the rallying power of the market
mill doubt less Israaw even less slgulfi-
i-ant than ot present.
COTTON^GRAm, ^ROVISlSNsS-mCKSpBONDS,
s»
Utet
lew Orient Cellea [cchtngt.
CHI cage Beard ef Trade.
Ckltaae Sleek lukaae«.
Hew reek Cellee Cxckooft.
f. C C01HSAd, Meeaetr.
Standard rhea
1906. We expect to see more gold receiver
from abroad, and then treasury relief wll
simply have to be extended If necessary to
prevent-stringency. The market seems to
us temporarily in the hands of the pro
fessionals, but Is In such a position that It
may, at any time, lie taken from their
hauda, a* the large Interests absolute!*-
control It as yet. We would give tech
nique and the individual positions the clos
est attention, believing them In shape to
return the best results. It Is pointed onr
that our credit position abroad Is much
l»etter than ever, doubtless due to. tho enor
mous crops here, to any nothing of the
big Increase In railroad earnings from
month to month, especially July's
crease, ns shown by The Chronicle.
Private Wire to Glbcrt A Clay.
New York, Sopt. 24.—'Today's market may
reflect some heaviness during the early
trading, but something will depend on
money rates on the one hand and the action
of leading stock as twlng tndlrnt'
port or otherwise to the market.
Think the market will Improve after Tucs
lay.
We look for Irregularity this week with
possibly lower prices.
Dow-Jouea Sc Co.'s summary:
Most stocks are In the trading limits.
Amalgamated Copper seems to us to ...
I»e held between 115 and 132, nt which lat
appears.
. lets support toward 1S5.
and we would buy It around there with
small stop.
Reading seems to be sold by profession
sis on firm spots, but covering following
on droos when weak.
Atchison support Is reported strong at
6 and 10fi.
We still find Brc
vulnerable to attack.
St. Paul la now- held hetiveen 176 and 180.
with professionals sellings qp rallies for
Its support around 141.
Observe these Units with smnll stops
Just below or above, as safeguard*, la our
plan, which la a safe one.
Southern Pacific displays a strong up
ward tendency still, but has had a an turn I
recession, and ought to do l*etter, al
though we do not. from specialists, flud
any big support above 93.
Smelting Is s^ld still on rallies by profes
sionals, but I# evidently marking time be
tween 154 a no 157, and we would he gov-
erned accordingly.
Most of the other storks swing with the
market, without Initiative outside of spe
cialties.
Spot* here nre said to be easier and more
difficult to sell. The demand hna waned
considerably under freer offerings.
THE COFFEE MARKET.
March
April ,
M«y
June .
July
August
SeiitemlNT. . .
O.’folMT
November. .. ,
Deceinl»er. .. ..
Closed steady.
Opening
.. ..mKmo
. . .6.60-6.60
. ...6,68
.. ..8.65-6.76
....675
. ..6.76-6.86
. . .686
.. ..6.90-6.96
!.”!.6.’iir’*
.. .6.266.35
,...6.40
Close. ■
6.35-6.40
6.49- 6.461
6.50- 6.55
8.55-6.60
6.65-6.70
6.70-6.75
6.75-6.80
6.90-C.85
6.10-6.15
6.80-6.35
Manipulative Interest Did
Much to Force Prices
to Lower Levels. *
MANY STOCKS BOUGHT
Bailies Forced by This Buy
ing Quickly Lost on
Outside Selling.
New York, Bept. 24.—The decline at Fat-
inlay's clono In fare of the reported larga
ur res sc in surplus liank reserves was it
lear enough Intimation to experienced eye#
of what would happen this morning. A
market which goes down on the good news
can usually be regarded as a market In
which more or less Urgent sllquldatIon Is
In progress, and this was the view held
generally In the early dealings this morn
ing. The professional trading element
which furnished the bulk of the business
took their stand on the side of the declin
ing prices, and It was their operations
on the short side which were felt, as mnch
na anything during the- forenoon. Call
money opened the week at substantially the
same average at which It ruled In the
closing days of last week, the loans being
arranged, ns a rule, nt 514 r*nt and
under. There wan no easing to apeak of,
however, In the market for time lonns,
and this Is an Indication of the sltaatlou.
The market wns under pressure for »
large part of the first hour, with manipula
tive Interest* doing much to force prices
to low level*, apparently for tho purpose of
Increasing their holdings of stock. There
wns good buying of many stocks on all the
declines, but rallies forced by this buying
nre quickly lost In turd by selling from out-
side sources, nnd the movement was lrrsgu-
Inr nnd the tone unsettled.
Reading was the market leader.
Governments unchanged. Other bonds ars
quiet.
THE LONDON 8TOCK MARKET.
.'nnadlnn I’nclflc
Mile., Mil. and St. 1'nul..
Brie..
J*ennsyTvantn. . . .
linn them l’nclflc... *
1 Tnlon I’nelflc. .. .. ..
United States Steel..,
do. preferred.. ..
STOCKS AND BONDS.
Bid. Ask*
0«>njl« .Vis. IMS ;., - }J?
Oeor*l«. ILR. ««. 1M0 1®
tavnnnnh 6s, 160# lJOVl
Mirons Is. 1610. 10«
Atlanta, 6a, 161L. 1*
Atlanta. «V4a. 16H 1«
Atlanta 4b, IMt.. .. .... 1«
Atlanta and Weat Taint. 165
Atlanta and Want Point Dabta..l07
Central Railway of Georgia lat
do. Income
do. 2d Income
do. 8d Income..,,
Augusta and Savannah H?
Southwestern.. Ill
Georgia Pacific lata 120
C. and A. lata 112
THE SUGAR MARKET.
&
New Tork. Bept. :4.-I.oenl reflned and
rnw anfnr market, atenily and unchanged.
Itnw mnrket la unrhiuiEcd. I-ondon lieets
wenk; September 9a 9d; October 9a 8$4d.
WM. 1,. PERL Preaidant.
ROBERT F. MADDOX, Vice rrealdent
THOMAS J. PEEPLES, Caablcr.
JAMES U. LESTER, Aaalatant Caablar.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLU$ 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 m 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.
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.
3i % Compound Interest
la th# rat# your money will draw if depoiited In th# 8AVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and Inapect our quarters and Inveatlgata
our facilities to aerve you. A hearty walcome await# you at thic
bank.
A8A Q. CANDLER, PrealdenL
W. H. PATTER80N, Vlce-Pre*. A. P. COLES. Ca»hl#r.
JOHN 8. OWENS, VlcmPrei. WM. D. OWENS, Ai#t. Ca#hl«r.
Frank Hawklna, President. _ •
Atkinson, V. P. Tnoinas C. Erwin, Asat. Cashier.
A. McCord, CasAler. IL W. sfrers# As*L Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
avid Woodward.