Below is the OCR text representation for this newspapers page.

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.