The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 25, 1906, Image 11

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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.