Newspaper Page Text
THE ATLANTA GEORGIAN.
13
Mississippi Is ' Believed to
Have Been the Great
est Sufferer.
300,000 BALES ARE LOST
No Information From Other
States—Reported Texas
Crop Escaped.
Vew Vork, Sept. !8.-At the opening of
.hr cotton ninrkot, trade wit* active end
flr.t prices wore unchanged to 4 points
higher on hotter cabin, nnd aesuriincen
that notlcen Ignited for nbout 80,000 bnlen
would be ntopped. The lienr traders nev
ertheless put out a lot of cotton In an ef-
fort to force a break. At tbo end of fif
teen ralnutei. prlcen were holding their own
at "about 3 polntg under the upenlng
range.
The wire* were working badly tht« morn
ing. aud the npaculatlre marketn, e»pe-
clnlly cottou, are acting an though It In
a guenn an to whether prlcen nhould ad
vance or decline, the majority apparently
taking the ellort aide of the gnens.
News In very acarce ha to the damage
sustnlued by the crop from heavy mine
nnd high wind; but the beam, working on
ihe theory that "no news in good newe,"
were on the winning aide during the morn
ing aesnlon, no detlnlte news having been
received from aectlonn In .which damage
of a nerloun nature la claimed' by the
'’Following Is the range In the active
months In Liverpool today;
Open. High. I.ow.
October-Kovember 5.06 5.W 6.06
Jannary-Kebruary 5.08 5.09 6.07
Mnreb-Aprll 5.12 5.13 5.11
Wnv-June 5.16V4 0.16^4 6.14
'The opening waa unchanged to 4 Mints
higher, despite the fact that Liverpool wan
slightly I tetter than eipectcd. and reports
early of enormous damage to the crop In
Mississippi alone. the lOasestlmaled at Akv
000 bales, valued at 312,000,000.
The bull element Is without a compalent
leader. If It ban a leader of any kind. The
good Liverpool, the sorore storm nnd in*
strength In the spot markets are do-
cidetlTy bullish Items, yet cotton bnrelj
• holds its own" in a speculative way. The
outsider In not playing the market ey
dontly. or wouia cover a inucft
wider range; In face,’ A^40'Polnr fiat-tun-
tioim would Ik* much more frequent not.,
way*, mid In such rapid *u<ce«*lon that tins
••rtutsider*’ would *oon Ik* convinced tunt
■njr un* tin wrong <riil< for linii.
'fhe New York Commercial In Its re
view of the market Thursday, enys:
•The weather reiwirt* Into seemed to
ihoW’ that there hail not been much dnni-
age done to the crop by the rains reported.
an«l In spite of nct.vt uupnori »y * fu«
brokers, the market wns rather heavy dur
ing the nfternoon. The public Is st»M
of the market. There would bo a much
letter outside tiusliaess If it tvera tot so
lic.r the time for the. Washington ^coadl
tlon guess.
Tlio public has hml Its ex
perience. and In anspicious of Washington
C °A dispatch to filbert A Ctny New
Orleans says about 59 per cent
toa cron is damaged hr the storni or
Thursdn$r nnd Thursday night, but tho Tex
as crop wos uninjured.
Estimated receipts tomorrow:
New Orleans.
Galveston....
Houston..
1908. 1906.
.. 9,600 to 5.600 6,684
..14.000 to 15,000 16.019
16,300 to 17,300 14,906
The market at the close was very steady
In tone, with prices net 2 points higher to
3 points lower,
SPOT COTTON MARKET.
Liverpool, spot cotton dull nnd steady;
middling uplands 6.66d; sales 4/100; Am«ri-
can 2.M0: speculation and export 400, re
ceipts 9,300, all American.
^'rrfdUlV. nt C ».70c; mmjg con-
Te^°3;i«n»Mrsiiir»i ^
livered on contract. 1,000.
Savannah, steady nt 9 3-16C.
St. Loots, steady at 9%c.
Augusts, quiet nt 9%c.
Galveston steady at 9 616c.
Memphis, steady at 9D-16c.
Norfolk, firm at 9He.
Cbsrlestoii, steady at IHc.
HOSTLER INDICTED
BY THE GRAND JURY
Special to The Georgian.
Chattanooga, Tenn., Sept. 28.—The
grand Jury haa Indicted John Shamo-
tulskl, manager of Lookout Inn, and
his bartender, H. H. Hdrrls, on a
charge of selling liquor on Sunday. Mr.
Shamotulskl and Charles Jung, of Cin
cinnati, own the piajorlty atock In the
hostelry.
The marriage of Montgomery Schuy
ler. Jr., secretary -of legation and con
sul general at Bucharest, to Miss Edith
Lawyer, daughter of the late Dr. W.
P. Lawyer, of Washington, took place
on September 1.
In pursuance of Its policy of mark
ing the historic houses of the city the
corporation of Bath has placed a me
morial tablet to Henry Fielding and to
his sister Sarah upon the wall of the
house In which they once lived.
The late Henrik Ibsen was once ask
ed his Idea of Americans. “Well,’ said
Ibsen, smiling, “It Is my Idea that the
average American baby, live or six
months old, sits In his mother's lap and
eyes his own cradle to see If he cant
Invent a better one, or at least sug
gest some Improvement.”
He—So you’ve been hunting up in
the north of Michigan. There Isn t
much game there at this time of year,
Is there?
»She—Rather! I brought down an Elk.
—Detroit Free Press.
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbort A Clay.
New York, Sent. 28,—Llvernoo! nt 12:30 p.
m. was 1 to 2 higher. Was due unchanged.
Liverpool cables: “Market sustained by
strength of near months owing to South
holding alwwe shipping parity.”
First October notice day today. Esti
mates on amount to he tendered vary great*
NAME OP STOCK#
eral that tenders would have small effect.
Buyers reported looking for domestic cot
ton goods with Jobbers unable to meet the
demaud now coming forward. The market
Is In firm position.
Notices for about 10,000 hales are out so
far. Liter It looked like 40,000 notices were
' Amalgamated Copper. •
Atlantic Coast Line. ..
American Sugar Ref. ..
Anaconda
American Locomotive..
do, preferred. . . .
Arner. Smelting Ref. .
do, preferred. . • .
Atchison
. do. preferred. . . .
American Cotton Oil, .
Arner. Car Foundry. .•
Baltimore A Ohio. . ..
Brooklyn Rapid Tran..
Canadian Pacific. . . .
Chic. 1c Northwestern..
Chesapeake k Ohio. . .
Colorado Fuel A iron..
Central hentb<»>*
„ do, preferred. . • .
Chic. A Vtteat vi'est’O.
Chic., Mil. A fit. P. . .
Delaware A Hudson.
Distiller's Securities. ..
Cnrponter, Buggott A~Co. say: “We have • * >;
had three days of storm scare which has • • • •
lu»nn Inptrnlr fnnflnxul to »h« nrulf ,Patriot * • • •
The Journal of Commerce says: “Follow
ing the announcement of advances In some
lines of blenched goods yesterday the mar-
cbnndlse.
not been i__ _ ,
was up to thin time Inst year this has been
due more to the difficulty of getting goods
than to the character of the demand In
no far ns merchants uow see the situation
they believe the demand is shaping Into
large spring trade."
opened
Sales 4.000. Spots t
was due to come
been largely confined to the gulf district*
where little cotton Is raised. We think this
Is about the bullish weather card, and fa
vor sales on this advance."
THURSDAY’S NEWS
FAVORED ADVANCE
New York, Sept 28.—Tho Sun says: After
a prolonged period of fnvornhle condition
the cotton belt Is now threatened with tho
opposite stato of things. A West Indian
storm haa broken In the gulf nnd, It Is fear
ed. may move up the Mississippi. The
trepidation of bears was very evident. Not
that there was any truth In some of the
lurid rumors that New Orleans hnd been
visited by a tidal wave disaster almost
equal to that of Galveston some years ago.
It would have to be a remarkable tidal
wave Indeed to reach the Cresceut City and
do harm that was done to the leading city
of Texas. But some Interruption or tele
graphic service seemed to give color for a
time to sinister rumors, nnd It was In the
excitement natural to such a time that
prices were forced up shnrply on October
nnd to n more moderate extent on other
months. The weather bureau predicted rain,
moreover. In the Mississippi valley, Geor
gia, the Carolina* and Florida. In North
Carolina nt least the September deteriora
tion has been greater than the normal.
Liverpool, too, was higher, the spot markets
were strong, nnd, although there Is un
doubtedly some Increase In the receipts at
the port* and the Interior towns, the crop
movement Is not so large ns It ought to be
If the maximum crop estimates of tho bear*
are to be accepted. Bears fear further
rains, a possible drop In the temperatures
and a possibility, too, of rather bullish
monthly government reports next Tuesday
on the condition of the plant. If not the gin
nlng. Spot markets were higher In spite of
Increasing receipts.—GIbert A Clay.
L. J. ANDERSON & CO.’S
DAILY COTTON LETTER
New York, Sept. 28.—Liverpool, while
stronger than due to meet our close of
yesterday, was not ns enthusiastic a* the
bulls had hoped for, lienee our market
did not open ns strong as expected. "**•“
*■■■“ thi “
The
bulls hnd expected the damage reports
from the cotton belt on account of the
storm to enable them to run the shorts
to cover In a hurry. But, Instead, the
big shorts refused to become frightened
nnd put oat further linos nt the higher
level. They argue that the worst Is over,
and that the damage has been overrated.
The reports from the Mississippi valley,
however. Indicate that considerable damage
has been done In that section; nlso In
parts of Alabama. In addition, tho equinoc
tial storms seme to he upon us, and with a
bullish government report expseted qp
Tuesday, we think It best to buy cdtton
on all of the recessions.
WEATHER IN WHEAT BELT.
Extreme Northwest—Partly cloudy; 34 to
° 2 Northwest—Partly cloudy; 48 lo 69 above.
West nnd Southwest-Portly cloudy; 42 to
68 above; light frost at Concord; general
ralnk In Illinois; local rains In Iowa.
Ohio Vnlley—Generally cloudy; 65 to 74
above; local rains.
WEATHER FORECAST.
fresh to brisk nortueiist winujs.
Virginia and North Carolina-Bain Friday
nnd probably Saturday; fresh to brisk
southeast winds oh the coast.
South Carolina—Rain Friday; Saturday
fair; fresh to brisk northeast winds.
East Florida—Showers Friday; Saturday
fair; fresh southeast winds. - ,
West Florida. Alabama. Mtaataalpnl-
Bhowers followed by fair Friday; Saturday
fair; fresh northwest winds.
Louisiana and Eastern Texss-Fslr Friday
and Saturday; fresh northwest winds.
Arkansas—Fair Friday; Saturday fair and
"weaV’ Texas—Fair and warmer Friday;
^Tennessee, Kentucky and West Virginia—
Rain Friday nnd Saturday.
Illinois. Indiana, Michigan, laconsln and
Minnesota—Rain tonight; partly cloudy.
Iowa nnd Missouri—Rain tonight; Satur-
Nebraska—Generally fair to
night ,nd tomorrow.
8TOCK8 AND BONDS.
. 4Ka, 1915.
Bid. Allied.
.112
-■19!
&
Moron. to, l*j*-
Atlmtii, to. 1911..
Atl.nl*. 4*4* W22
ii«
Central Ilnllwnjr of Georfl. lit
do. lucome . g,
do. 2d Income.. g
do. 3d Income
August* and 8aT.BH.il J!5
KKSrKdiic lit;
106
.. ..!«?
..120
1084
11*
Georgia racinc ««.. ..
C., C. and A. lats.. .
LIVE 8TOCK MARKET.
Chicago. Sept. 28.-!Iog»-Estimated re
ceipt! t “lay 16.000. Market strong to n
shade higher; qunilty fair: left over 4,-
104: lull* 36.25416.60: MtliMledfor tornor-
— 11.00©; light hog* tol6$?6.6o, mixed
-$5.8.VJ6.674; rough $&.w»
“ yorkera r
«»***
fair; beeves $1.8606.90; cows
good ?o choice heavy
* Cattle—Estimated receipt
^Sheep—Estimated receipts 6.000.
western lajoesft: l * mlj *
$4.26^7.60; western
GIBERT & CLAY
STOCKS. 52192’
<* K. ALABAMA ST.
§^ C T C 0 p N ko°v^on.
IEMBOSi
ATLANTA. OA.
»•* Tork Stock *xc»i«n30.|New Orle.no CottoBExchn^ CtlMfO^B AwocUdOS
York Cotton Exch.nje. New Or «no Block “Jj^.u.UMton Cotton Excbon**
York Coffee Excbanie.|.N’ow Orleon. Boord ot tra i
• P r ‘ r, . u YYIre. to *11 Exchange*. R p^GAN, MnnBQ.r.
toenl and Long Dlitanen Telephone 5298.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
Edited by
Joseph B. Lively
Mr. Lively's twenty-flvo
years' experience of ed
iting markets In Atlanta
and tbo South has made
him a recognized au
thority lo his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
TITuS
1*0-,- 4
1344
Illinois Csfitrsl
Arner. Ice Securities. ..
Louisville 4c Nashville..
Mexican Central
Missouri Pacific. . . .,
or
1404
134 a
1
181
V
$8
v
4 147
' Total atock saiss today l.WJ
NAME OF STOCK.
X. Y.. Ont. A Western
Nutlcnul Lend.
Northern Pacific. .......
New York Central. ......
Norfolk A Western. ......
Pennsylvania • •
People’s Gas I
Pressed 8teel Car
do. preferred
Pacific Mall *
Reading
Republic Steel. ........
Ilock Island * -
do. preferred . .
United States Rubber
do. preferred. .......
Southern Pacific -
Southern Railway. ... . . .
no. preferred .
S loss-Sheffield
Tenn. Coal k Iron |.
Texas & Pacific. ........
Union Pacific • . .
United States Steal. . . • . .
do. preferred .
Va.-Car. Chemical,
do. preferred. •••••. .
Western Union. .... • • • .:
Wabash
do. preferred. .
Wisconsin Central. ......
referred
shares.
NEW YORK. «
Sept. . . .
Oct
Nov
Dee
Jan. . . .
Feb. . . .|
March. . .
May. . .|
i 5
It
ToOT
9.02-0)
9.14-11
9.29-30
9.S6-38
9.45-46
9.63-54
a
1M
m
9.23-24
9.30-31
9.174 •
9.46-47
9.56-67
NOTES ON GRAIN
Pointer* on Provision*.
Private Wire to Ware k Leland.
Chicago, Sept. 28.-8trength In the wheat
situation well maintained over night, bulla
seeming to have good control of market,
and are favored by the developments from
<In Jhicafo 8 intcr\Ocean: Duluth is furnish
ing most of the export news on whest, be
ing the largest seller of spring wheat to
the seaboard nnd for direct shipment.
Good sales of No. 1 hard and No. 1 north
ern were made yeeterday. There was
some Manitoba aold to the seaboard, but
the details wera not given oot Amos
Brooks, who recently ware among tka moat
bearish of northwestern traders, have aoen
a new light, and have swung clear around,
nnd now head tbo bulla. ,. A J T ?yS.
them that waa well distributed among the
trade: “Regardleaa of .nearby fluctua
tions, It looks as though the
contract grades Is going to be nearer Sue
lh Gossfp* In oats la that tlw Wall* Uwj*.
or. nt Ian at. the greater part of it. has
been unloaded on the advance. Wells
however, continues to take cash onta on
September purchase at tl»ej are delivered,
and has paid for the Ff**ater part of the
flellverles this month which are credited to
In Chicago yesterday waa 182.000 buahela.
Including*90,900 btt.b.1. of winter aBdi ».•
OOO bn.bel. of .prlne- JA 1 **,r^nrS 0 lfn.^el.'
225,000 liu.hcl., .nd of o«t. Io3,000 nn.B*l.-
Dulutb did a *ooa export bnelnexx. bnl
withheld Its flgurfa. At the scsbonra, ex
port rates of wheat were 160,10) btshebl
corn 60.000 buahela nnd oata 80,000 bush*
Charters ware made hsre for 75,000 bush-
pi- 0 # wheat. Grain loada were hard to get
yesterday, and the rata on wheat was not
r ®KyL ed : r . c.ttlnc . llfbt ntn of hoM
"rtS T, .bosld U rec-'.-log s«nd
OntT.- B.-d . "In tb. .fmui.r.
when receipt, o- % wera etpectni toU
light, farmer* leemed to b, Imprcwed »!'□
* tsfttjar au-sw
b.rrW. is r
to get It up, on any algn of weasneaa xne.^
W i l LSa D Tike wheat waa getting ready to
rank! 1 Adv'ae Inking ProOfn on louf wbont.
It nbort.
nnd If one bne nny nerre nell
'‘Agrant'Li'o^TonVwh'St bnlbeen eom-
Ing oiit tb” morning both hern nnd nt
mfeSImue. w/i"g. thongbt ra be ecnlplng
o|ieratlous by Shenrson, Itammtl.
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially correctea by Atlanta krul. and
Prtxiuce Exchange.
Lemons. 17 JW.
Limes, M7Be.___
M^.Si^er b,**, 3L50O1.7.,
33.35.
('cbmiflnn m prnn*e, per crate, g
ssffiusrss#©.®**
"liraSwdWee. l*®20c Pound.
BSISr. P tn r bto!’*P 1 ^nd. »«22He: cook-
'ftnKK’oeW StSpiBad: In ofle-ponnd
VEtlKTABLEtk-IrlJb BOtntoe., No. I
'TnbbKe TvirglPl.l' lV ponnd; Danlib
'Ijran beene per poond, 5c; Nnrjr, 12.19 per
'"onlo'n*. per buibel. 3tjj;-
sagTtoBrar
FlW-lp^eri'l.n.W^'Dramond
potent. ».ai |t9;’^ illbMm
Klo-’Vanc^'ttWi .prtog wheelpBtnBt, *6.94
®^OUN-Cholc. red cob, 72c|No. 3 white.
choice
white! 47c; “bolce mixed. K *e: Tex., ruet-
jpvrmlxid! JJwj’dKT No-T ct'orar' mixed.'
ti oo' choice Bermuda, 75c. _
’ ItYE-GeorgU, $1.10; Tennessee, 90c. Bar-
'^bo 1 . pd«. o .rer O.^ AU.BU.
T< COFFE^-Roa«ted Arbuckla’a
bulk, in bags ow barrals, i»c; green, 160
* 2 R!CE—Carolina 44«74c. according
arsdi*. New crop
nil lira. 15c. Dr/ rail extra rlhe. 39.15;
UlltL 2M lb... mm
go: Supreme lard, rilSSf’iltS’
Boow Drift compound. 74c. Bed Cross- 74c.
mi ■rrivw iu
ERE—Fancy full cream dairy, 15c|
^6NW. ,,r ° nfc -
I.IVEKPOOL.
The following figures give tba opening
aege and dose, compared with yesterday a
%
range
close.
Futures opaned quiet and steady,
^-ratng. Previoua
September
: : : W 1:^
Nov.-Dec ..8.04 -6. r ‘
Hoc.-Jan
OPENED STRONG)
FRACTION HIGHER
On Higher Minneapolis
Club, Better Buying, Liv-
pool’s Response.
Chicago, Kept. 28 —Cloelng prices for
th§ day showed wheat l-4@t-2c lower;
com l-8@lc lower to l-8@l-4c up;
oata 1.8c up to l-4c off; provisions
unsettled and mainly higher.
Profit taking was kept up In wheat
durlns tha entire session. One or two
biff people started the eelllns and there
were many small traders to trail on
before the close. Corn, oajra and pro
visions closed rather tame.
Weekly clearances were 4,575,990
bushels wheat and 436,000 bushels com
compared with 2,065,000 and 1,123,000
bushels, respectively, a year aco.
Cash sales here 34,000 bushels wheat,
120,000 bushels corn and 43,000 bushels
oats.
The seaboard reported 5 loads wheat.
3 loads corn and 100,000 bushels oats.
Primary receipts wheat were 1,224.-
000 bu.hsle and corn 842,000 bushel*
compared with 1,264.000 and 420,000
bushels, reapecttvely. a year ago.
Clearances wheat 354,000 bushels, 2,
300 bushel, corn and 440 bushel, oats.
' •
THE CUQAR MARKET.
ICew York. Sept. 28.—toesl rellned and
raw siif.r markets stead.* and unchanged.
1 Hindoo beet market steady; September la
W44d: October 9s SKd.
W. L. KEMP. Tronsurer.
J. W. ANDREWS, Secretary.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
One dollar starts an account.
Hour*! 9 a. m. to 6 p. m. Sat
urdays till 9 o’olook at night
DIRECTORS t
THOS. i. rEEPf.ES.
W. B. BTOVAI.L. 9. J. l’AXOje,
W. o. POOTB. J. T. KOtLEMAN
CI YDE BROOKS,J. M. JOHNSON.
NEW ORLEANS.
Tha following is the rang®
turea In New Orleans today:
Sept . .
Oct. . .
Nov.. , , .
Dec. . . . .
Jnn. . , . .
Feb. . .
March. .
May.
Closed steady.
9!«
9.23
9!54
Ul
9! 23-21
T5P
9.23-24
9.26-17.
9.28-19
9.37-39
9.41-43
9.63-54
CHICAGO GRAIN MARKET.
fo? h ra55J diataUon.
J 3p,n ' Hl »h. Low. Clorafcioje
Eltll
11 a 11
fe* * st 1 *
IOBK-
Scpt... 16.60 17.00
Jan... I3.22H 13.39
LARD—
Sept... 8.85 8.85
OcV... 8.8514
Jnn... 7.89
RIDE9-
Scpt... 8.89
Oct.... 8.35 8.89
Jnn.... 7.0784 7.10
< ASIJ WHEAT-
2284 13.30 13.22!
i -85 8.1234 8.16 8.85
U ?'.77H
8^89 8.75
m
7.10
; No. 2 hard
CHICAGO CAR LOT8.
Wheat....
Corn
Oata
Iloga.. ..
LIVERPOOL GRAIN MARKET.
Wheat—opened Uc higher; at 1:19 p. m.,
unchanged to 4c higher; closed unchanged
to 4e higher.
Corn-Open»Nl unchanged: at 1:30 p. m.,
unchanged, and closed unchanged.
THE PRIMARY MOVEMENT. .
The following figures give the primary
movement of wheat and corn today:
Wheat—Receipts 1,224.000 buahela. against
1.264.000 Imahela lent year; shipments 653,000
biiRhela. against 400,000 laat year.
Corn—Receipts 649,909 huahela, against
420.000 buahela laat year; shipments 467.009
bushels, against 541,000 bushala last year.
NORTHWEST CAR8.
cars of today. Taat week and last year:
Last La*t
Mlnnctpolls. . T f79 ,- wt*" ^S?''
Duluth. 435 891 '849
,•
In recognition of the fact that the
youngest of the Hohonzolleraa, son of
the crown prince and crown prince* waa
bom on the Fourth of July tho Ameri
can colony In Berlin will present to him
a .liver cup .mblaxoned with th. Stars
and Stripea.and the American eagle.
SOUTHERN EXCHANGE
Oldest Eetabllahed Office South.
COTTM STOCKS BONDS MAIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mallrd on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL BANK
PHONE 14rr. PRUDENTIAL BLOG
near vrirgir*.
COTTON^&lfAH?, ^R^ISiSIFsStOCKS^BONDS,
Chicago Board of Trait.
Chicago Slock exebaaga.
New York Coffee ficfreoM.
laniard Ph>
fnr 7«l f»#M luhnn.
in Orlia.n Cell..
Lfv.reool Caff.1 Atmtlallee. .
frttill Wlin I. »«■ Yw». Kn Oilitu, Cling.
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.
TIPS FLASHED
From Wall Street
Private WIra to Glbort & Clay.
New York. Sept. 28.—We look for tho
atock market to do bettor,* but would only
buy on recension*.
Th® position of the market la auch lhat
today’s forecaat must be favorable to a
higher range of value®.
A. O. Brown Bro*. *ay Ilarrlman brokers
selling Brocks nil around the room.
Western people selling, presumably on
le political outlook.
New York, Sept. 28.—Tho Flnnnclsl Bureau
says: A rally Is likely on the Hhaw relief.
W® believe It will be wise not to neglect
reasonable long profits on It. Technical In
dications point to a continuation of the
trading market temporarily. Next week w®
think better market conditions will be
found. The shortage should be largely elim
inated by the expected rally. This will In
dace professional selling again on strong
spots on the theory of technical weakness.
A great deal of the selling yesterday was
highly speculative and wns based on the
theory that no government relief would
come. Thla lack of relief would of course
have caused n stringency today and until
early next week. It should not now be wit
nessed. Many atop loss orders being caught
aggravated the decline lu the late afternoon
Thursday, but excellent buying occurred,
especially of the ncale-down kind, ns will
be found when the daring shorts attempt to
get bark stock today. More gold Import!
seem to ho expected, aud tbero Is reason
for believing they will be secured. Even
further relief can be expected by more de
posits If necessary on the part of bhaw,
who can also rsdeem the bonds maturing
next July.
Private Wire to Ware & Letnnd.
New York. Bcpt. 28.—Ixindon strong. H©
l%c op. Anaconda rising 4 |>otnts on New
York buying, duo to Secretary fibaw de
positing 326,030,090 in national banks
throughout the country.
A wild opening can be looked for, as
shorts will rush to cover, but whersver
stiff advances appear, thiuk It advisable to
sell out long stocks with n view of re
placing them lower down. It Is quite ap*
R arent that certain wealthy Interests have
een steadily liquidating, nnd there are
good reasons to believe that advantage
will be taken of all upturn® for ite con
tinuance.
JT)ow-Jonos A Co.’f summary:
American In London booming
above parity.
Secretary Bbnw will deposit $26,000,009
with banka, of which New York and Chi
cago will get 33,000,000 each.
There Is little chance left of avoiding In
tervention In Cuba, and troops may land
fourteen per cent of the atate Democrat
ic papers beard from so far will oppose
Hearst. a
Steel earning* for the fourth quarter
may reach $40jp0Q.to0, and the total uet for
the year $166,boo.003 , tt
During October, 1,857 mlecelalneoue com
panies, not Including' banking and truet
companies will disburse 3ll,l«),52i In div
idends. and total disbursements will exceed
$110,000,000. *
Light demand for stocks In loin crowd.
Boston revives rumor® of dividend on
Brooklyn Rapid Transit.
Twenty-nine roads for the third week In
September show on average ^oas Increase
of 13.99 per cent. t ,
Oold engagements ngslnst deposits now
total $36,703,000, of Which $18,960 is still to
St. Paul stockholders et the annual meet
ing September 29 are expected to consider a
' Inn to double the capital atock from $83,-
10.000 to $166,000,000.
Twelve Industrials declined .06 per cent
Twenty active railroads declined .44 per
cent.
SHUSTER IS CHOSEN
FOR PHILIPPINES
Wrahlnxton. Sept 28.—W. Morgin Similar
haa Iraaa appointed bjr I’reildent Roorarelt
n member of the Philippine eommlealon to
fill one of tho varaacle, canned by the
rcalcnatlon of Goreroor General Wright and
Governor General Ida.
HE LEFT HIS VALET
INTEREST IN ESTATE
New York, Sept. 2*.—County Judge
Frederick E. Crane, of Brooklyn, hand
ed down a declalon today admitting to
probate the will of Dr. Frank J. Free!,
who died on March 9, 1906, at Stony
Creok, Conn. Dr. Freel left hla entire
Intereat In a 3600,000 trust fund to hla
valet, Colbert.
CHRISTIAN ORPHANS
INCLUDED_IN WORK
Saturday having been att aside a,
•"work day for the orphana." and th,
call being signed by the agent* of th*
denominational churches, the Christian
church orphanage waa omitted by mis
take. They are conducting an orphan
age at Baldwin, Ga., especially among
the mountain whites, under th* able
management of William B. Shaw, and
all Christian churches and Bunday
schools of tha brotherhood are asked
to remember the work of th# "Halp-
Ing Hand.”
Philip Henry Wynne, for several
years connected with a Boaton firm a*
Inventor and designer of electrical and
other scientific apparatus, haa been ap
pointed professor of physics at tb*
University of Toxaa.
STOCKS STARTED
Due to Covering by Shorts
and Speculative Pur
chasers.
GAINS ARE LATER LOST
Number of Stocks in First
Houf Sustained Material
Net Declines.
New York. Sept. 28.—The wenknesn which
reappeared very generally In this mnrnlnir'i
market had, It waa evident again, very lit-
IUYU6 U4 IMO Mvnawij 4. . _
enuaed a decided turn for the better. 1 ho
sum deposited with the banks, to be sure,
was rather lira then expected, and the
Question was raised whether, distributed
over the country In-amall amounts, the
000,000 would reslly giro much relief. lint
the Important thin* wns that the secretary
of the treasury had shown unmistakably
hla readiness to aid the money murker
Strain, and the natural Inference was that if
the present measures should not prove ef
fective he would follow them with further
additions to the government dopoBlt fund
until the stringency waa finally relaxed
New York. Sept. !8.-The announcement
that Secretary Bhiw would deposit gov
ernment fund, waa reflected In a decid
edly strong market at the opening. I’rlco*
showed advances all along the Hue, rang
ing from HBHic. the latter In ( nnudlan ,
Pacific. There was an urgent demand for
stocks by the ahorts, and the leading spec-:
ulntlvoTlaanes roae sbrnptly.
Price, on tho exchange opened up eharp-
ly and held itrong for tho Drat hour , trad
ing. But largo block, of atock were prompt
ly offered at tho higher figure,, and a pres
sure w„ applied from bear, the market
crumbling away. Before midday the load
ing Issues were down from their highest
After a strong opening covering by ahorts
and aoms speculative purchasers caused ad
vance, ranging front 44'to over 2 points
Tho demand from all lource, was quickly
•implied, however, and offer* of stock con
tinued to bo made In ,nch volume that the
early gain, were lo«t before tho end of
the flrat hour and a number of storks In
that period euatalncd material net declines.
Now York Central waa under pre««uro and
there waa heavy sailing of Amalgamated.
Union Pacific, Southern Pacific nnd Pennsyl
vania. The declines of iheao stocka hnd nn
unfavorable effect on the trading all around
tho room ,nd more than offset tho effect
of tho treaiury action. Government, un
changed; other bond, »teody,
THE LONDON 8T00K MARKET.
i;nnn<u«n *ravauv.. .. .. ..
Oble., Jill, and St. Paul. .
Brie.. ....
Illinois Cantral.. .. ... ..
Igmlsrille and Nashvill#.. .
Heading.. 1 •• ••
rennaylTinla...
Southern Pacific.. .. .. ..
Union Pacific., v. ....
United State* Steel. . ..
do. preferred
STOCKS REVIEWED
BY NEW YORK SUN
,mn av.Ai CY*7|ll. Mb »• f r
moat Important Item of new, baring rela
tion to the security market was not made
public until long after the close of buslnem.
The s^ratara aunonorad that he would
place 326,000,0M In all In «rlou, national
bank depositories acattered throughout the
country, the monay being so distributed, oh-
vloualr, a, to rellev, from the great Eastern
financial eentera th* drain that they am
now suffering from tile movement of money
Westward for the movement of crops. The
S ovement of the stock market during tho
1, th7i“ecldon > o7*the°wcrcta t ryl' 1 nnd fndeSj
k="w o i: tsanKuwa js
trict. Speculative sentiment during the day
won once inor® In a confQMHl nnd uncap tain
state aud culminated In th* last hour of the
•eaalon In a sharp drive at the market tlmt
carried price, down with Mine violence.
No doubt the heaving, and general sag
ging tendency displayed by the markot dur
ing the ia,t ten day, b«» resulted. n« wa,
the case yaaterday. In causing aton-loaa or
ders placed for the sale of stocks to lm
pot Into execution. A fair qauntlty of
loosely hold atock has, In other words, been
thrown upon tho market, yet It seemed
very clear that yaatardny's decline was
chiefly due neverthalei, to a bear attack.
The unylng during this decline was of the
best character, ana no small amount of mla-
rellansoua eommtsolon house support was
extended to tha market based upon observa
tions of th, extant of tb# fall In quotations
for Important stocka alnco th, flrat of tho
month.—Glbort & Clay.
WJ1. U PEEL, President.
ROBERT V. MADDOX. Vie, Pnridaat
THOMAS J. PEEPLES, Ca,hler.
JAMES O. LESTER, Assistant Cashier.
JAS. P. WINDSOR. Assistant Caahler.
MAPDOX-RPCKER BANKING COMPANY.
CAPITAL $200,000.00
SUtlPLUS 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 in the basement of the
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them. .
Title Guarantee and Trust Co.
Frank Ilxwklnt, President.
n. n. V VI
Joseph A. McCord. Casldor.
Third National Bank
JIN
Capital
Surplus
A. W. Calhoua.
Milton Dsrgan.
John W. Orant.
B. Y. McCord.
. . . . $200,000.00.
. . . . $300,000.00.
DIRECTORS! J. H. Kunnnlly.
Frank Hawkln.. J. Oirroll Payne.
H. JI. Atkinson. E 11. Rosser.
Joseph A. MeCord. David Woodward.