The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 27, 1906, Image 11

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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