Newspaper Page Text
THE ATLANTA GEORGIAN.
11
I
STILL A FACTO
Predicted It Will Extend
Over Central Cotton
Belt Today.
FOLLOWED BY COLD
Claimed by the Beara That
It Will Not Materially
Damage Cotton.
New York, Sept. 2*.—Influenced by
stronger cables and an unfavorable
weather map. the local cotton market
opened Arm at an advance of 5 to »
points.'A number of large lota changed
hands with lower Wall street credited
as a seller of January. Shorts bought
a lot of cotton on the cau, and after
It the South purchased on the had
weather.
The New York market for options open.
' points higher this morning on -
set of cables than expected and
intlon of the unfavorable westt
at her
ed _
bettor
continual
reported orsr the cotton belt.
General rains and cool to cold weather
prevails generally., caused by the tropical
storm now In tbs gulf. Texas. Arkanras end
Ixmlslana reporting the kesvlast rainfall.
Following ars the active months Is Liver
Open. High. Low.
Oetober-November. . . .*.» CM 4.M
Jannary.Fehruary 5.01 5.M 5.01
March-Aprll $.06 5.07 6.M
Mav-Juno.. .. .. .. .. .. 511 5.00*
Weather conditions hsvs caused some an
urines, among the shorts and their cover
Ini and somo southern buying waa reapon-
stole for s flight further Improvement
Immediately after the opening, after which
the market became dan within e narrow
range, with a lose of aomi
from tho highest recorded
morning session.
Comparative receipts it all United States
Sret receipts today 44,1
lams day Isst year 46,.
Decrease ,. 2,061
Total receipts for four days lit,
Bimo days last year 118,
Decrease 2ft,
E otsl receipts slues September 1....581,110
ime time Isst ystr 704,470
Decrease .... 2(77,209
Semi-weekly Interior Movement—
1906.
Receipt. 84,670
Shipments 70,186
Stocks 111.880
Estimated receipts tomorrow:
New Orleans 4.500 to 5.700 8.006
Galveston. 18,000 to 14,000 U.r~
Houston 18.000 to 14,000 10,ko«
The ejou* was stenrty In .tone net 5f|0
SPOT con ON MARKET.
mints 7,000; all American.
Atlanta, quiet at P2-16c.
New York, quiet at 9.60c.
New Orleans, steady at 08-1
Aegnsts. quiet at »5.1fc.
Savannah, steady at 9 116c.
St. Louis, quiet at 904c.
Houston, qnlet st 90»c.
Iloston. quiet at 9.60e.
Galveston, Drni ot »*r.
Mobile, atesdy nt Otic.
Baltimore, nominal al 9*c.
TODAY’S PORT RECEIPT8.
Tba following table shows receipts st tbs
New Orleans
Galveston
Mobile
to ran nab
Charleston . . . . .
Wilmington . • . ,
Norfolk
Boston • o a • • •
Philadelphia . . .
ToUl .
INTERIOR MOVEMENT.
The following tabra shows receipts st the
Interior towns today, compared with the
same day last year:
1806
MOI cl
Honaton
AuffuaU
Memphia.
st. Ix>ala
Cincinnati
13671
2316
843
314
170
11706 ot
3738 In
613 th
.... op
3S2 tn
Total
17341
15998
POLITICS AND MONEY
FACTORS DISCOUNTED
New York, Bept. 26—Reports re
ceived by us from unquestioned sources
at this writing Indicate that the best
kind of buying has appeared and a
recovery la expected soon. Whether
nr not It will be permanent remains to
be seen. We do not believe It will as
yet, owing to tha factors ruling, but
It Is beyond a doubt that the political
sml money, factor, of the Immediate
future have been largely dlicouated
by the break.
THE DRY GOODS MARKET.
New York, kept. 28.—The dry goode mar
ket was generally qnlet today. Cotton
yarn. were Irregular anil In light demand
fur long contracts The principal export
trade of the week has been n tale to lied
»»a points. Rome leading Jobbers are In
■ hr market replenishing stocks already de-
THE SUGAR MARKET.
New York, Sept. 24.—Local refined and
gar steady and unchanged • —
iteady; September 8s Mid
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbevt ft Clay.
. , York. Sept. 26.—September notice
<lv. Friday. September 28.
{ Irk Bros, selling Oetolier.
Beptemlwr at ».80c.
BIIson bids 9.86c for 10.000 October. Car-
«*«»«. Baggott ft Co. large sellers.
The Journal of Commerce says: "The
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-dve
years' experience of cd
Itlng markets In Atlanta
and the South has made
him a reeognlted au
tborlty tu hti apeetalty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
not general, trading, aa n rule, for the
°" ,h « quiet elde. A eteedy vol
ume of Imetncae fa going on, hot buyert
W i M ‘ nut Fet chtuge their
policy of tnklng only enough to supply lin-
mediate wnuts. There la lea heard In the
market concerning the probability of lower
n r cea at the turn of the year, and many
itnga atvr evidence that buyers recogulsr
mo . well-aold conditions of mills until
»T Th * unfavorable
and still unsettled condition of the waath-
er Is causing further short covering. Mar-
sets undertone Is mnch Improved In con
sequence, and no desire to sell Is maul'
fested.
« <,o,, n “ rke *- wm
Liverpool cables us: “Speculators
principal buyers of deliveries for
months and selling deliveries for
months."
Today's map shows further general and
heavy rains over |he t belt, except In can-
luence of bad weather with i
The
proto
►elded
upward
The"ei«tern forecast Indicates rains gen
erally for the district, l»oth tonight and
Thursday.
The western forecast Indicates for south*
ern Texas fair weather, with brisk winds
on the const. For northern Texas, rains
I nd cooler weather. For Louisiana and
rkanans, rain and high wind* on the roast
of the former. Oklahoma nnd Indian Terri
tory fair nod cooler both tonight nud
huraday.
Several Texts points wire us spot basis
easier.
Storm wsrulbf: It Is twlleved the trop
ical storm will move Inland east of New
Orleans, and It now seems probable that
the Texns const will not suffer.
Private Wire to Wmro k Inland.
New York, 8ept. 26.—Liverpool futures
opened qnlot and unchanged on near and
I up on late. At 12:15 p. m.. 1%692% up
and steady. Sale* 6,000 spots, 6 up, at
6.56d. Futures duo to come lfJ2 down.
Carpenter, Baggott k Co. say: "While
“ — bearish and look for lower
c . ... .jink It Is but conservative to
rake profit when obtainable and reduce
lines over the critical period."
. * Is
rains In New Orleans, and 11 looks "nV if
It was now heading directly for the ceoter
of the cotton belt.
WARE A LFLAND’S
DAILY COTTON LETTER*
New Orleans. Sept. 26.-nad weather
tad little effect on prices today. The trop-
cal storm that has been careening around
n the gulf finally decided to make straight
for the hesrt of the cotton belt via New
Orleans, hot the trade viewed this with
apathy. Considerable rain and probable
damage to open cotton was reported over
the l»elt ( but this stlrre4i up very little
bullish enthnslssm. A cold wave was dear
ly defined In the .northwest, and was ap
parently headed for the cotton region, to
follow In the wske of the rains, but oven
this did not stimulate huvlng. and the tal
ent nt Isst came to the conclusion that
the so-cnlled "chronic bulls" were short
of the market, and were refusing to take
losses on their shorts. Liverpool wsi *
ter than expected, owing to bidding L„ ...
cnl operators, according to private stable-
grams, and this, together with the bad
weather, caused n slightly higher opening,
but after the Inltlsl tlhrry prices showed
no huoynnrv and with any aggressiveness
on the part of the l»ears would probably
have gone deddedly lower. At. no time
did the market have a good undertone,
and this was due more or lees to the fart
thnt the spot demand was decidedly less
urgent than It has t>een. and some fac
tors were willing to admit that they foun(
It bard to sell cotton. Tho movement wll
nroliahly show some shrinkage In the near
future, owing to the bad weather that has
been experienced In the belt, bnt It In
doubtful If this will stimulate spot buy.
Ing. Buyers, ns a whole, have made up
their minds that prices are too high by,
st least, a half cent, and ft will take
strong developments to mors them from
their waiting attltnde.
QIBERT & CLAY’S DAILY
COTTON LETTER
New Orleans, Bepf. M.—The Improve-
msnt In options was attributed by cnldea
to speculative buying of near months and
selling of distant positions. Closing prices
ware 102 points higher than yeaterday's
levels. Spot sales continue light, only 5.
000 (Miles having been sold, but at an nd
vance In quotations of < points. The pres
ence of the storm off the gulf coast and
the exceedingly wet and unfavorable weath
er over the belt thnt the man recorded this
morning caused aborts to display consid
erable nervousness, resulting In n further
Improvement from opening prices,
quietness and easier tone of the spot t
ket, however, lessened to a large degree
what otherwise might have been called
n bullish situation, but lacking fresh and
healthful snpport, prices soon lost the Ini
tial advance. The policy of conservatism
prevail. Too many unfavorable
the latent desire to cx|
pert
fear
means a remote possibility.
THE COFFEE MARKET.
New York. bept. 2S.—The coffee market
opened unchanged to 6 points higher and
held around the Inltlsl figures during the
forenoon. This was disappointing In view
of the bullish news received, and the heavy
stdllng suggested that some of the big re
cent bnvcrs were nslng the demand created
by the bullish news to reduce their linos, a
* - —•-« gradually checked the Imylng for
."nont, which had seemed to be en
terlng the market at the opening.—albert k
C Following la tbo opening range and close
! the New York coffee market for to
day:
April
May
July
August
Heptemlier^ .
October... ..
November
December. ..
Opening
Iiamra.
.,..6.65-6.70
,.6.704.10
.. ..6.96
....€.904.96
.. .7.00
.. -f.oo
.. .7.06-7.W
..7.10-7.16
,\ !.6.45440
6.50446
.4.604.65
Close. ■
6.664.70
6.704.751
6.604.86
6.954.90
6.95-7.00
7.00-7.06
7.06-7.10
7.10-7.15
ratio
6.40-6.60
6.504.55
6.604.65
THE METAL MARKET.
New York. Sept. 2«.—Tin iteady. with
slight advance In offerings (or apot
and nearby dellverlea.
Lead and Spelter ateady.
GIBERT & CLAY
•• K. ALABAMA AT.
IS®«^^®VEBS3sP88£*Ss
Private Wire* toall Exchange,
local and Lona Dlitanee Telephone 5298.
-
STOCK*. BONDI.
COTTON, CRAIN,
cofncpaovietoN3
MEMBERS!
ATLANTA, OA.
V. n. FAGAN, Mananan
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA
NAMB OF STOCK.
Aicnisou. • •
. do. preferred. .....
American Cotton Oil. . . .
Amer. Car Foundry.
Baltimore * Ohio.
::: :
Chic, ft .North—
rherapMk. ft Ohio
Colorado Fuel ft Iron
Central Leather
do, preferred.
Chic, ft Graat Weat'a. . . .v.
:::
Distiller's Securities
do,'prefaiT.il.".’.'.’i;;:;
General Electric
Illinois Central
::::
Mexican Central
Missouri Pacific. , .
Total stock sales today 1,074,500 shares.
NAME OF STOCK.
N. V.. Ont. k Western.
Niifb-unl Lend. . . .
Northern Pacific. .
New York Central.
Norfolk k Western.
Pennsylvania
People’s Gas.
Pressed Steel Car.
do. preferred. .
Pacific Mall
Beading. ...«••
Republic Steel. . .
Southern Pacific. .
Southern Hallway.
**“ preferred. •
Union Pacific
United States Steel,
do. preferred.
Western Union. . •
Wabash
do. preferred. •
Wisconsin Central.
Iseonaln Central,
do. preferred. .
48%
sn
NEW YORK.
tures In New lork today:
Kept. . ,
Oct. . .
Nov. . .
p.::
Feb. . .
March. .
Mo;
far.. . . .| 9.61
Closed steady.
Ml
ms
8.17-69
8.06-04
8.14-16
8.23-24
8.8042
8.68-88
9.48-49
a
rrm
8.78-78
841-83
8.08-10
8.17-18
8.24-38
8.82-86
9.48-44
LIVERPOOL.
The following figures glee the opening
range and doee. compared with yesterday's
dose.
Futures opened steedy.
Opening. Prevloae
lunge. Close. Clos**.
September F17 -6.20% 5.20fc 6.17
Sept.-Oet. " ** *
Oct.-Nov. ,
Nat.-Dec. ,
pec.-Jsn. c
Jan.-Feb. .
Kb.-March.
March-April.
4.06 -5.07 547 6.04
.4.99 -541H 6.01H 4.99
..4.97 -6.W 5.00 4.97M
“ -6.00V8 6 01 4.9W
•5.02 5.02 5.00M
5.04H
.4.99
.6.01
rrii,-MRn:a. • .
Aprlftiay? 1 '. .'to?!*!'!!?* 6^7j4 6*00'
May-Jun. 6.MV4-6.10 5.0ft* 6.0(
Closeil steady.
NEW ORLEANS.
lure. In N>w i
SrptTTTT
te...
Fob...;;
March. . . .
9.16
9.11
II
9.17
9.22-27
18.11*12
9.14-16
9.17-16
8.26-27
9.32-34
9.40-41
9.64-66
m
9.08-..
9.12-14
9.16-r
9.26-L
9.33-33
9 .W-W
9.61-53
NOTES ON GRAIN
Pointer! on Prorlslons.
steady and northwest receipts moderate.
This ought to give us a fair market. Bull
ish sentiment Increasing on the sure pros
pect of big European demand. We look foi
. . nient In pri COg>
very firm, considering fn
, and receipts, while verj
friendly to both, we believe profits should
bo taken on quick rallies.
We l»ellcve the wheat action of the market
yesterday nnd today Indicates It Is toppy.
Now support has uot been found to con
tinue the Imylng around 75c. and speculative
trade lias fallen off sharpi.
(If wheat sml wait
... This Is the
weak feature. Would self wheat and wall
for ebancc to buy a cent or two lower.
Provisions opened lower with Cudahy sell
ing Novemlter lard; later bought January
lard and offerings are less. Ixmlcs like there
might be some good local buying of tbs
rrlrate Wire to Ware k Lelnnd.
lept. 26.—The crowd w-
gets a chance. Offeriugs not
Hiiltuent hardly as bullish am*
strength Increasing In other grain
wheat.
Longs In osts taking some profits on this
advance. Commission houses haying.
No snap to wheat. It Is due for a break.
A demand for Deocmher oats by locals.
These coarse grains attracting more atten
tion.
Chicago Inter-Ocean: The extent of crop
deterioration In the northwest and the rea
son for the small movement Is Itecorolng
apparent. The rains after harvest have
caused more lose In quality than In quan
tity.
A message to the Northern Grain Co.,
which startled the oeta trade In the Isst
hour, seld: "Line houses report oeta In
the three northwestern states Iwdly dam
aged. They estimate that less than 26 per
cent will grade No. 3 white, nnd that the
crop of the three northwestern states has
deteriorated 15 per cent since the govern
ment .report." Local professionals who had
this message Increased their llfies and May
aobl up to 35%c. where It cloeed.
Cash business In wheat In Chicago Tues
day was 33.000 bushels mixed lots. Kales
of corn were SJ.o«o bushels. Including 50,000
bushels for export, and oats 530,000 bushels.
Duluth sold 126,000 bushels of wheat for
export, end Chlcngo exporters sold 96,000.
K rt afloat, end ell No. 3 nerd. Export sales
all positions. Chicago and ell seelioard
porta, were 400,600 bushels wheat end 66,000
bushels corn.
Northwestern messages said the move
ment of ell gralna depended oe the caparity
of the railroads to furbish cars and motive
power. Interior elevators are filling up rap-
dly, end where cere have been loaded they
bare. In numerous Instances, been left
standing on side tracks.
September deliveries n
hnshels of wheat, 180,60 „
35.000 bushels of aete. 760 tierces of lard.
60,000 ponnds of short ribs.
A Duluth exporter wires: "Wheat looks
very healthy indeed. Baying business In
** •**--- for export sad very close on
LITTLE FEATURE
TO WHEAT MARKE
Opened Steady and Un
changed—Commission-
Houses Sold.
Chicago. Sept. 26.—^heat closed Vic lower,
corn VfcGHe up, oats gained HOV4<% end
provisions were off 2V6£3c.
Cash sates wheat 10,000, 26.000 bushels corn
and 80,000 bushels osts, here. 20 loads wheat,
7 of corn nnd 100,000 bushels onta at the
Primary receipts of whont 920,000 bushels
and corn 1,041.000 bushels, compared with
1,215.000 and 712,000 respectively a year £go.
Clearances for the day: Wheat 1,066.000
bushels, corn 166,000 bushels, oats m 46,000
bushels. . /
CHICAGO GRAIN MARKET.
Opto.
WHEAT-
Kept.... 72%
*>«?.... 75%
lay.... 78
CORN—
Kept.... 41
Dec 43%
May 43%
OATK-
Kcpt
72%
I
danltotms for export am.
Miluths today. Continent seems especially
anxious to buy. We sold sixteen loads for
cxjjort today, pert Manitoba end part Du
WEATHER IN COTTON”BELT.
a* I
■=I 1 i
FORK—
Kept... 16.60
Jan... .13.25
LARD—
Kept.. 8.96
Oct... 8.9W
Jan... 7.83Vt
RIDES—
Kept.. 9.00
Oet... 8.40
Jim..,. 7.12% 7.15
* ASH WHEAT-
as
I B
8.90
8.35
7.10
9.00
8.25
7.10
2:8*
7.82%
7.12%
No.
Wheat
Corn ..
oats ..
Hogs ..
. .21,000 26.000
LIVERPOOL GRAIN MARKET.
Wheat—t>pen unchanged; 1:31 p. m. n
changed: close, unchanged to %c lower.
Corn—Open unchanged: 1:30 p. m. u
changed; close %4%c higher.
Texas—Dallas deer end cool. Tyler
c omlv end eoel. Fort Worth nud Temple
cloudy and misty. Belton and Knn An
tonlo c* *
nnd dr
terdey.
"'mI.kImIpdI —II.ttlMhur* cloudr tnd v.rv
fool. M.rfdl.n oloudr. oool and Ihroaton-
Yozon citr floudjr and cool: hard rain
- —' — — -—--ant;
(tar*
.-ala-
Vlckanuri threaten-
... ...... rain jro.tordiijr nnd laat nlahl.
Alnlsra.-JIontromrry rlnndjr nnd thnat-
rnlnc: rained jaat»nl*.v. Mobile clear and
cool: mined laat nlalit. Selma elenr and
coot: rained x«<-tdnr afternoon. Opelika
clomlv and very mol; llaht rain yejtcr-
day. Eutaw and Troy cloudy nnd Vena-
"lleorfta—Colnmhna cloudy and warm
Atlanta cloudy and cool.
WEATHER IN WHEAT BELT.
Extreme Korthweot-Oenerally clear; 95
i .5 move. _
Northweat—Clear and cooler; 15 to 10
above; froat at Blamarck and Mlnneaota.
*>at and 8oothwe«t-r.rtly cloudy; 55 to
^ alwre; light ahowera In ra.tarn Iowa;
oral rain. In Mluotiri.
Ohio Valley-Cloudy; «0 to M above; gen-
eral ralna
WEATHER FORECA8T.
NORTHWE8T CARS.
The following nguree tire the northweat
care of today, Taat waek and laat yanr:
Laat I.at
Today. Week. Year.
Mlnnenpolla Kl 301 3S7
Duluth 299 327 2*1
PRIMARY MOVEMENT.
The (ollowlng figure, give, the primary
movement of wheat anti corn:
Wheat
•galnat 1.
today dftftOOO
la.t year.
Corn receipt,
•gnln.t 712.1k
totlay efto.floo
lad yea r.
receipt, today. 92), 00 Imabela
.215.0) hualiela laat year, flhlltmrnta
1,000 hu.bela again,t *71,000 buahel.
relpt. today 1,0*1,000 ha.hrf.
00 Im.hela laat year. Shipment.
0 huahrl. aftuln.t 5*0,000 buritela
COTTON 8EEO OIL MARKET.
Opening, t'loalm
fleptemher S'ipX
October 3*V>3I* 34 03
November “
December.
lay.' . . . 90*0*1 9J*t
Cloned ateady.
LITTLE IS NEEDED
T0 MQVE COTTON
a amnll pro'fe^aPinnT*'mt?rkct ,, i l |Se ,<, tSe’ prea"
com l ,a re lively little Is nccTlcSt"
5!2rJ t ... OB £ W *F a or olbor. uml yes
th#) rtfl /n«Uj € gj# 1 ® • tropics I storm ofi
JQ«a* rsusc heavy
fj ,n * * n Atlantic sectlou of the belt,
♦n wrro alone sufficient
nrtrnnee. especially as rnln
KViV l*«rrs of the Mt.
SJJ5J** r *Q* ,I, '> have henry rains, and
Moreover, tbo Liverpool mar-
*2 i?£ w \.. un ?5 p * ct , w l etretigth. nnd peo-
diiinbfonmled to find that the
fir* 1 / *» tnnr-
tel* ,,,,B widespread prosper-
I* . e 2” nu Wfitinfeutiirlng Indus-
5H* lt #».! r0 ft U, A re fsonsble presumption
thnt the takings by the mills will lie very
lM * nr " Holnt out that during
tor l*et few years the Idg gaps In stocks
whlch were insde bv the famine years have
82“ ®”Sf. i ,p * Jfi n * •“P 1 * •Icalers are !»et-
r ‘* 6"° <,g than they were
nfo * . nn ' 1 ,h€V . that,
i5rf«. fo L # ni ] .P 1 "'’ SpFP? 1 ? ** ,nt American
eotfou a 111 fall considerably. To most poo-
i7 rho . ,nkp . n dispassionate
|* w the situation. It looks ns though
the consumiitlon would l»e large, and thnt
£ mp,e *. l WU r to **>ret
!!‘n SP°i hrro • oI ** January,
Ulbert k Clay, r
• . - v- — the prospect of wet
rla dnring the next few days. nuguienteT
Incrsasuig ajiprrbenslon engendered bj
smulliicss of the new crop movement
-, r-iKc— r.- — crop movement,
nnd bullish sentiment received sufficient !m
prtun to Impel some short covering. Be
rond the shadow of a doubt, there Is vlr-
ue In the argument that tho farmer nnd
Interior merchant will bo In better posi
tion to enforce demands nfter some of
their debts.shall have been paid. Hence,
the outcropping of n holding tendency may
now mean more ttinn most folk who nt»
tribute the small movement solely to late-
arss of the crop ere willing to admit.
Forced selling Is nnd will always be a part
of the game between the producer nnd the
buyer, Tmt the vital gers» of self Interest
hfta been nlnntml lien In thn t,„nj,'. ......
aye, he ilnca an Intelligently, raillenl nit-
laera nnd nerpctnnl peaelmlata in the con-
.rnry notwlthatandlng. However, the real
atrugglc for price mpremacy will tlevelnp
later on. Meanwhile, a hit nf ibmmterlng
lit the •calpcra' rank, will fool nobody.-'—
i ft Leland.
Laat year 5.500 native Chrlatlana were
added to the church In Japan.
The largeat anchor ever made weigh-
ed 9ft,500 pounds and coat nearly $10,-
000.
SOUTHERN EXCHANGE
Oldeat Eatabtlihed Office South.
CO no*—STOCKS—COHOS OSiiS
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
eeFceeNce, the nkal bank
PHONE I4IT. PRUDENTIAL. BLOG
TIPS SLASHED
From Wall Street
Private Wire to Olbert k Clay.
N#W York, Kept. 21—The Anaconda dlvf
dead having been declared nt about the
smallest Increase peaslbl.% wo may look to
hear of doubt concerning in liicrcnoe In the
Amalgamated rate et their next meeting In
October. The announcement of the ore deal
Isiexpected In the near future, and in eotne
:
iy not yet explained this is expected to
•Ite snpnort to Colorado F eel and Iron.
IMI Odel r ‘ “ ‘ * * ‘ ‘ * —
tlon of Hesrat by the Denncrnts caused
market to sell off yesterday and It may go
some lower today, In wblcli event the good
railway stocks will be a good purchase for
a turn.
Think Southern Pacific Incst one on list,
flanks sre discriminating against Indus-
The New York Financial Bureau says:
Politics seems to govern the stock market
fluctuations now. Money really rules. The
bridge from September 28 to October 2 re
mains to be crossed, as stated. Next week
the sky will be clesror All around. Further
reactionary operations would not surprise
us today. No serious decline generally
seemi likely. It Is plainly a shake-out.
Fundamentals are strongly bnlllsh. but spec
ulation, as we have said. Is held In check by
money lack. News nlevelopmeuta over n*
make the political situation look
Hearst (Democrat), and eltner Ilnghen
Hoot (Republican) to us. The best col
to pursue In general is tbe conservative
one, but we urge you to buy on tbe weak
spots, for scale-down orders are absorbing
tbe best Issues for another rise.
Private Wire to Were k Leland.
New York, Kept. 36.—London Irregular and
tending lower.
Anaconda qfT 3% early,
Considerable atre
belief that Hearst __
ns Secretary Shaw has not ns yet taken
ns to relieve tbo money market It nat
urally erentea nervousness on tbe part of
their reserves $10,000,000.
It Is doubtful If excessive rates on cell
loans will be permitted, but smell flurries
can lie expected.
The advance am
should weigh mor. ^
stocks than the small Increase In the
coudn dividend. If further declines take
good baying can be looked
Jn the rails end luduetrlele
generally.
Dow-Jonee' summery: Americans In Lon
>n Irregular and rather Inclined to sell off
Indications point to nomination of IteirsL
Some prospect of Charles E. Hughes be-
ig nominated on Republican ticket.
President Palms, of Cobs, abdicates,
which may force Intervention by the United
KtaJea.
Colorado and Southern earning capacity
aw approximately 61-10 per cent on com-
inn stock.
Rock Island report, analysed, showed
equity for'common stock equal to 2.10 per
-■•nt.
Light demand for stocks In loan crowd.
Eleven roads for tbe third week In Kep-
tomlier show an nverago gross Increase of
17.73 per cent.
Total gold engagement against deposits
632.165,000, of which $17 t 160.GOO> Is to arrive.
All reserve cities In tho United States
are now txfiow the proportion of reserve
required.
Industrials deellned 1.24 i
L1.65 per
DOING! STOCKS
Traders Only Backing and
Filling—First Selling,
Then Buying.
TALK ALL BEARISH
The Political Situation the
Chief Topic—London
Was Small Buyer.
til.re were .viilvni'v, of further UqBSdith
nud many of tho Iradlng l.suen wont bv-
low yvaterday'i lowmt. llut tho molt,
opmtlona, ov.n at tha atari aaaaaa to
cmnprlM ovorjrthlnjr of prollta on tills »W«
wlilob bad accruad Iron) jro.torilor'a dovlluo.
This oororlnr, nlonx with a mod.ratu
amount of bujtna nf a more eubountl.t
nature, noon inado Itaalf folt In atoadrlux
tha avDoral Hat. Prlco* rallied fractionally
aa a rule during tho drat hour, nud thou
tradlnc virtually came to a .tnnd.tlll. The
marlfet at midday had panaed, awnltiu,
more aawa from tha party convtntlon..
New York, Sept. 2ft.—TIM a took
market opened Irregular. Consoli
dated Oaa *tart*d In a point lower and
rallied half. Brooklyn Rapid Tranalt
declined 7-5 and Union Pacific 2-S.
Reading opened unchanged and ad
vanced l-«. American Smelting waa
unaltered. Atchlion advanced 1-8 then
loat 1-4. Pennsylvania and Amalga
mated advanced 5-1 and Baltimore and
Ohio and Anaconda roM 1-2.
The stock market through tha first hour
ruled qulat and generally Urw with little
bearish character, meat of It being about
political altuatlen.
ndon bought about 1,000 shares here,
mostly Southern Farldc.'
Governments unAanged; other bond,
qulat.
THE LONDON STOCK MARKET.
STOCKS SLUMP
IN LAST HOUR
Nsw \ork. Sept 36.—Thera waa no lm
nxMllatc rauae for tha break during tha laat
hour, though lack of aapport haa been a
conaplcuoiia feature of the trading today,
na far aa large Intereata are concerned, and
the market looka aa If atop ordera bad been
reached In aorne dlrectloua.
The order from Washington to preoaro
tbe regular army for active aervlce and po
litical agitation dlaconcrrted operator!, be-
aide* which heavy aelllug of leading
■r ‘ * tbe * —
latlve laatiee haa been tbe feature 01
: apecu-
or the
esta.->Glbert k
to attt 1
Clay.
NEGRO 8H00T8 WIFE
IN NEIGHBOR’S HOME.
Special to The Georgian.
Wilmington, N. C., Sept. 25.—Today
when William Ashe, ft young negro,
discovered hie wife In hiding In the
houae of a relative, he opened fire and
killed her as she waa attempting to
escape hla wrath. The woman fled
from her home Sunday night because
of * quarrel during which her husband
threatened to kill her.
This la the second murder committed
here by young negro men within four
days.
LEAPED OFF FA8T TRAIN
TO 8AVE PET BULLDOO.
Kenosha, Wla., Sept 25.—In an ef
fort to save the life of a pet bulldog,
William Sheehan, of Milwaukee, laat
night leaped from a train running at
the rate of 50 miles an hour. Ha fell
by tha aide of the track and escaped
with alight bruises.
STOCKS—
J naconda
tchlaon
Canadian ParlUc
Chic., Mil. and St rani...
Brie
Illlnola Central.
.oularille and NaabvIUe..
leading
’eunayTvanta
Southern Pacific.. .. •• .
Union Pacific .. •
United 8tatea Steel
preferred. .....
STOCKS REVIEWED
BY NEW YORK SUN
New York. Sept. 25.—The Sun »nvi:
—From .tart to Snlah, the market j«ui>
day waa trader the Influence concerning
the alleged probability of the nomination
of Hearat aa the Democratic canillilatc for
governor, and bnt little attention «n> paM
|fo Other factor,. The trading element
■ 0Bf gmtakgmMmd
d already
■HHMHmiI ibaEHPJHV
form would be extremely radical, ulthi ugh
In hanking circle, a more cheerful vlrtv
waa taken of the allnatloo. loading Inter-
lest, asserting tha belief that the ticket
and tbe platform aa were talked about
‘ | ' "m con-
1 could
- - ... - r gave
Indication of hla purpoae attributed to
him of further relieving the money alt-
[rent heats. In conALmu^^^^ol^M
■ntly pursued for a year anil « hall
H ly advancing the rate to a leve‘
tilted by tho prosperity In the metnl l
tries. A raid on the atock followed tho
dividend announcement, and at the clo.o
the Interest! working for n decline .rein
ed to bo for the time bring In control
oMbe market."—Olbert ft Clay.
LIVE 8T0CK MARKET.
8hecp—Eitlroatcd rocelpta
alow and weak; quality fair;
6.60; yaarllnn 65.40tfG; lam
‘trn $4.3607-60.
atockera and Metiers
29,000. Market
. nartvcR 93.1019
lamba 94.2507.tfo;
WM. L. PERI* PraaMaot.
ROBERT F. MADDOX, Vice President
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
Georftta. Beet Florid*. We,t Florida. Al
abama. Mississippi and UraUnaa.-IUln
Wednesday and Thursday; brisk to high
n< Eaat l> TnM-4hlr Wsdnewl.y and Thurs
day. except rain Ip southeast portion;
fresh northenit to north wind.
Arkansas—Rain Wednesday; Thursday
’"western Texae-Falr Wednesday and
Thursday.
Illii '
rain
w'lorenaln—t'uoier tonight; proTiotriy light
’"Minnesota. Iowa. Nebraska—Fair tonight;
’ r >IUannrl—Fair went, rain In east tonight
cl probably tomorrow. ....... .
Iinlmtiia and Montana-Fair tonight and
tomorrow; warmer.
Fair and cooler tyulght; tomor
row fair.
cotton^g Am, ?ro^ision : s 1 I stocksPbonds,
fa. 3 Wall SI.. P'ttrs falMTaf. Atlanta. Ca.
lilMBUSt
few fifi Cation ft ttangt. Chicago Board of Trait,
few Or la ant Cottoa f« change. Chlct
Uatiaaol Cottoa Ataoclatloa. few
hlrato Wires to Haw York, Haw Orteoos, Chicago. 0.
•f Trt
-co Stock hchange.
York Ceffee tichaogo.
C C0THHAH. MjiVor.
^m^mmStaadi’d ha 1
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.
Safe Deposit Boxes
For rent tn our vaults in tbe basement of the
Empire Sui'Wing for only $5.00 each per
annum..
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
Freak Ilawklns, Pr**M«nt.
If. Atklntoo. V. P. Tnomaa C. Erwfn. Aaat. Cashier.
H-h A. McCort, Cashier. II. W. wjrera, Aaat. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
DIRECTORS!
Frank Hawkins.
M. Atkinson.
McCord.
J. Carrol
I!. B Ho
David W