The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 01, 1906, Image 15
THE ATLANTA GEORGIAN.
SATURDAY, fiEPTEMBER 1. 1V4.
ARE CLOSED TODAY
Will Remain Closed ’Till
Next Tuesday on Ac
count of Labor Day.
LIVERPOOL WAS OPEN
Transacted Business For
Half Hour and Sent Us
Discouraging Advices.
■me American cotton market! are cloied
today. The Saturday aeaalon la usually a
•mail affair, laatlue only two hours; and
,, Monday la a legal holiday on account
of iJilwr day, the traders decided to "cut
out" the two hours’ aeaalon and take a
three days' rest,
I.lrerpool was open for bualnea for a
half hour this morning, and adrlcea from
there were not of nn encouraging’ nature,
Spot being marked down 5 polnta on sales
of 1.001 hales, while futures closed at
declines of W4 polnta.
and
tenor.
were of n generally favorable
"Our crop, here •till
much I>etter than Inat year, In spite of
the fact that worms, troll worms, have
done some damage, hut one of our most
mnke. nt least, M.000 halea this year,
sgainst M,m last yeor. Went out Into
the district where our worst complaints
are coming last Sunday and saw a great
mnnr large dclda where the stalk wna
aland.
...... Went Into seven fleldi and made
close examination, and In four of them
did not see worms. In tho other threo
there were soma worm*, but tho plant la
still putting on fruit, nnd we confidently
eapcct a bumper crop In thin aoctlon."
Temple. Tea.: “Party put In from the
west reports vary heavy rain In Coleman
and drown counties. Snya almost solid
sheet of water from Coleman to nrowit-
wood. Cetton badly dnmnged In that «eo-
rIon by rain. Weevil doing conaldernlde
damage: deteriorated 50 per cent In this
county In Inat twenty days. Jnat anw
15
11,345,988 BALES
THE SEASON'S YIELD
Second Largest Crop of
Cotton Ever Marketed
By the South.
PRICE PAID WAS FAIR
The Southern Mills Took
196,305 Bales More
Than Last Year.
The totnl of the commercial crop of cot
ton for the season of 1906 1906 vm an
nounced late yesterday afternoon by Sec
retary Hester, pf the New Orleans cottou
The total yield la placed at 11,145,988, as
Port receipts 8,029,544
Overland to northern mills snd Can
ada . 1,088,463
Southern consumption.. „ „ «. .. .. 3.807,981
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OP 8TOCK.
Amalgamated Copper..
Atlantic Coast Line...
American Sugar Ref.........
Anaconda
American Locomotive.
do. preferred
mw. jireierre'i
American Smelt Ins Ref
. do, preferred ,
Atchison.. . .. .,
do. preferred .
1'icirrrni
American Cotton OH
Am. Car Foundry.....
Baltimore A Ohio .
Brooklyn Rapid Transit
Canadian Pacific
Chicago A Northwest’n
Chesapeake & Ohio
Colorado Fuel A Iron
Central Leather
do, preferred
Chicago A (Jreat W’u
Chic., Mil. and St. I*
Hein ware A Hudson
Distiller's Securities
Erie
do, preferred.i
General Electric
Illinois Central
American Ice Securities....
Louisville A Nashville
Mexican Central
Missouri Pacific
Total stock
8»1
Mien'today 436,400 shares.
106%
* «
%
U5SI
NAME OP STOCK.
N. V., Ont. A Western.,
National Lead.,
Northern Pacific
New York Central...
Norfolk A Western........
Pennsylvania
reused Steel Car
do. preferred
Pacific Mall..
Heading
; ; stcci
Rock Island
do. preferred
Southern Pacific....
Southern Railway.,
do. preferred....
8loss-8heffleld
Teun. Coal A Iron...
Texas A Pacific
Union Pacific
United States Steel.,
do. preferred
Western Union
Wabash
do. preferred
Wisconsin Central
do. preferred
SIS
H i
20#
m
at
sg
137« I36H
06«
Initial Prices Were at De
clines in Some of the
Issues.
,8* OTHERS WERE HIGHER
COVERING LIVELY
BY WHEAT SHORTS
Did Not Care to Carry Lines
Over Sunday and Holi-
dav Monday.
OFFERINGS LIGHT
Bank Statement Was Better The Opening Was Firm and
Than Expected—Clos-
in Prices Buoyant.
NOTES ON GRAIN
Pointers' on Provisions.
of 196.305 anil
Secretary Hester's figures show that the
crop of 1905 1908 was the second lnrgest
crop on record, showing ns It does n de
crease compared with 1904-1908, wheu the
crop was 18.565,888, of 3,219,897 bales.
Previous bumper crops wore: lu 1897-1898,
11.199.994. nnd in 1898-1899. 11.274.840.
Ijlw.vrii ataiag to iiwo'icwj, jj,.ii,ni',
Secretary Hester will Issue his annual re
port, covering exports, details of southern
‘s, progress of the mill'
. - - _j south, world's con
sumption of American cotton, etc., next
Private Wire to Ware & Leland.
liquidation of September wheat is over
look for a firmer market In wheat.
Receipts in corn continue liberal
enough to depress September corn.
Reported to be 8,000,000 wheat deliv
ered on September contracts today.
Minneapolis stock of wheat decrease
200,000 for one day.
Several brokers trying to buy Sep
tember wheat. The deliveries have been
a surprise and the wheat landed In a
place where it Is supposed to be tied
Tuesday,
Secretary Hester's visible supply of cot-
decrease of 12,134 last year, nnd a decrease
of 27,084 year before last.
Tho totnl visible Is 1.790,927. against 1,-
875,754 Inst week, 2,558,351 Inst year and
M21j2Sl year before last. Of this, the
... darage hi that section.
Hold that the crup will be 06,000, agniust
55.noo last year.”
Galveston, Tex.: M We are closely In touch
with the situation, ns we make It a point
to visit fields nearly every day, ana as
sure you that damage rejmrts are gross
ly exaggerated and are mostly for specu
lative purposes."
Sherman. Tex.: "Crop doing well; wee
vil doing no damago."
Following Is the statistical position pf
cotton on Friday, August 31, as made up
by The New York Financial Chronicle, re
ceived over private leased wire by Messrs.
Ware A Leland:
Visible supply...
American
Crop in sight..
For week
’ort receipts. .
This Last Last
\\ eek. IV eok. Year.
.1,784,15* 1,874,932 2,545.470
889,166 942,932 1,831,470
Stocks.
Exports
Interior receipts.. .
Interior shipments.
... u.otMu
116,702 91,030
74,604 46,901
Interior stocks.
63.185
78.519
100,906
194,701
87.233
41,883
18,445
139,733
87.893
827,490
83,542
48,
ill,:
260
81,630
77.018
133,010
LIVERPOOL COTTON MARKET.
Liverpool, Heptentber 1, 12:18 p. m.—Cot
ton. snot dull, with prices easier; middling
vptanas 5.35d: sales 3,000 bales; American
2.400; speculation and export 800; receipts
Done.
Futures opened easy.
Opening
*ofisr
..4.91-4.19%
..4.83-4.85%
..6.91-4.85%
. .4.91-4.86%
.4.93-4.88
.4.93-4.90
.4.96-4.92
,,rnr iwiurr mm. in min, inn
total of American cotton Is 903,927 against
943,757 Inst week, 1.613,361 Inst year nnd
474.251 year befors last, and of nil other
kinds. Including Egyptian. Brazil, India,
—st irr * —
etc., 887,000, against 9.12.000 Inst week. 915,-
000 Inst year and 647,000 year before Ifcst.
The total world's visible supply of cot
ton ns jiIwvs shows a decrease compared
with Isst week of 84,830, a decrease com
pared with Inst year of 767,424 and nn In
crease compared with year before last of
669.678.
6t the world'_ __
ns above, there Is now afloat and held In
Great Rrltnln nnd continental Europe 833,-
visible supply of cotton,
year before last; in Egypt, 28,000, ngnlust
46,000 Inst year nnd 55,000 year before last;
In India. 627.000, against 615,000 last year
and 330,000 year lmfore Inst; snd In the
united Htntes 303,000. against 464,000 last
year add 161,000 year before Inst.
SEASON OF 1905-6
ENDED YESTERDAY
“p.
Rpptcmlww.
Hopt.net.
Oct.-Nov. .
Nov.-Her. .
I>ec.-Jnn. .
Jan.-Feb. .
f>b.-March.
March-April.,
Close.
4.97
4.86%
Previous
Close.
6.0441.05
4.95
4.93-4.94
April May. . ,
Mny-June
t'losed quiet
4.88
4.90
4.92
4.98
4.96
4.98-4.99
5.00-6.01
5.02
5.03-8.04
WARE d LELAND’S
DAILY MARKET LETTER
New York, Bspt. 1.—London dis
played .steadiness and arbitrage houses
bought Union Pacific. Transactions
were rather light during the first hour,
only 138,000 shares, but there was buy
ing of a good character in the Harrt-
nian Pacifica, St. Paul and Union Pa-
efle. The Steels were Inclined to hold
off, waiting for the bank statement that
nisde a most remarkable showing, cony
Hidering the loss made by the banks,
reserves decreasing only $1,420,000,
leaving surplus reserves at $2,869,000,
loans decreasing $7,393,000. The mar
ket was quite active during the last
half hour, with Union Pacific In the
[*ad, It rising to 194 5-8, driving shorts
to cover, as well as In a number of the
active stocks. There was good buy
ing of Steel, also of Amalgamated Cop
per nnd Anaconda. Sentiment was
bullish on the belief that large gold
engagements will be announced Tues
day next and the closing was quite
New Orleans, Sept. l.-»Tho Tlmes-Detno-
crat soys: The cotton year terminated with
crop prospects good, prices fair, the world's
trade In manufactured goods large, but
with a radically curtailed public Interest In
the speculative side of the staple. Early
In December 1145 was paid for the Mny op
tion. Late In August the October option
sold ns low ns 8.89. In 1906 Mny sold ns
high ns 11.20, while October sold ns low ns
6.75, January touching 6.28. The high nnd
low range for 1904 was: July 18.14, Decern
her 8.96. Those comparisons prove little
more than the fact that when the gambol
Ing lambs are away the goats manage to
play the game to a finish, with dne regard,
of course, each for tho other's horns.
Yesterday's cotton market was a fitting
finale to a season which Included many
week of singular dullness. Covering over
the holidays and precautionary measures
against the coming bureau report gave
toiie and stamina to the trading at times,
though the close was well under the pre
vious day's Inst figures. The senson ended
with December contracts nt New Orleans
quoted at 9.01, while middling spots had de
clined to 9ff-16. The movement of new cot
ton and the development of more definite
knowledge ns to the magnitude of the yield
the reopeulng next
land.
weather was In the main favorable nnd the
crop reports Issued by the Journal of Com
merce, Hutton A Co.. K. M. Giles nnd
Norden A Co. were not of n kind to stimu
late the ninrket, although the newspaper
mentioned states thnt the deterioration In
August amounts to nearly 8 per cent. The
falling off In condition for the entire belt
Is roughly 3 to 6 per cent, ngninst
Wheat acting heavy for December;
one local operator here has been a very
heavy seller and crowd don't want It.
Provisions dull, but fairly steady.
Almost no trade. Wheat trade here
la changing.
Chicago Inter-Ocean: Com in Omi
ha broke 3-4c yesterday and Septem
ber closed at 43c. "
Cash business In wheat In Chicago
yesterday was only. 15,000, all the cash
handlers reporting the demand poor.
Sales on corn were 100,000 bushels
and oats 125,000.
At tho seaboard exporters sold 96,-
000 bushels wheat and 90,000 bushels
oats. Charters were made for 70,000
bushels corn at 1 5-8c to Buffalo.
More returns from the threshers In
the northwest were received. A num
ber of them came from points where
conditions were said to Indicate light
yields.
Frederick, S. Dak., says the average
of spring wheat will be eight bushels
and durum 15 bushels.
Aberdeen says the yields are less
than expected.
Larlmore, N. Dak., reported 872 bush
els raised on 30 acres or 22 1-2 bushels
per acre, and 725 bushels from 20
acres and 251 bushels from six acres.
All graded No. 1 Northern.,
Grafton, N. Dak., reports yields of
15 to 18 bushels.
Winnipeg reported yields of 20 to 22
bushels per acre.
The inspection of grain by cars at
Chicago for the month of August was
7,687 cars, the largest for the same
month since 1902, while of corn 4,334
cars were the smallest since 1903. Oats
were nearly 900 cars less than last
year.
STOCKS REVIEWED
BY NEW YORK SUN
New York, Sept.
"Business on the stock exchange was
•mailer yesterday than for any previous
session, not even excluding the Saturday s,
since the declaration of the Ilarrlraan div
as 12 per ceut being paid for call funds
to carry over until Tuesday, while the
time rate was Ann at 6 per cent nnd n
commission. No definite announcement was
made regarding engagements of gold for
import, although It was generally expect
ed thnt nn Improvement will begin Vlthln
a few days. Estimates of tho amount
which might be Imported before the end
of next week ran ns. high as $16,000,000,
THE WEATHER.
LOCAL FORECA8T.
WEATHER IN WHEAT BELT.
Extreme Northwest—Partly cloudy; 44 to
64 above; general rains.
Northwest—Partly cloudy; 63 to 66 above;
local rains: now raining nt Huron.
West nnd Houthwest—Geuerally cloudy;
84 to 72 above; local rains ‘lit Kansas. Ne-
" *— now raining
WEATHER FORECA8T.
Georgia.
Louisiana, Alabama, Mississip
pi and East Texas—Fair Saturday nnd
Sunday: light, variable winds.
Westorn Texas—Local showers Saturday
snd 8undny. •
Arkansas—Local rains Saturday and Sun-
western Florida—Showers Saturday nnd
Sunday; light, variable winds.
Illinois—occasional showers: warmer to-
night and Sunday; warmer toulght in north
ern portion.
Indians—Partly cloudy and warmer to-
west; showeraf In
cooler In
TIPS FLASHED
From Wall Street
Iowa—Showers tonlgl...
anw east portions; Sandny partly cloudy nnd
cooler In west portion.
Missouri—Showers tonight and Sunday;
cooler In the northwest snd west Sunday.
Knnns—Fair tonight nnd Sunday; cooler
Sunday In north portion.
WEATHER CONDITIONS.
An area of high pressure now covers most
of the eastern half of the country, centered
over the Ohio valley and the Great Lakes.
This "high" hss moved eastward during the
Inst 21 hours, causing lower temperature at
east. Following In the wnl
s an area of low pressure central In North
Dakota.
The weather Is mostly fair this morning,
Huron, S. I)., being the only point nt
rr In this section tonight snd
•o warm toulght.
* B. MARBURY,
Section Director.
COTTO.I REGION BULLETIN.
For the 24 nours sndlug at • a. ;
meridian time, Bepteml>er 1. 1906.
STATIONS OF
ATLANTA
DISTRICT.
*Atlnutn,
TT
l.oo
— . V*
olthough In eonse.*vatlve quarters It was
•aid that “ *"*'*
buoyant.
n 1 u! , J r, iP»:. Rept ; L—Offerings of wheat were
quite light and Septemlwr shorts covered
'fT freely with several brokers also buy-
•'ftjbet month and selling December. The
* nr ? I 1 8 *P*eniber was quite pronounc-
JJ* ® B ,n . lk of the month being tied up to
form* extent. The visible Is expected to
KV , L W ’.W* 600.000 to 750.000 bushels,
element was somewhat enconr-
!J2L#^« r ,h .f ‘‘hanging outlook with the
222«liw ttat more activity will be wit-
. the near future* September shorts
•n«l not care to stand over the holldsys nnd
rn rr rwl * thereby reducing the dls-
he. 1*' n,} } ,0,, 1 that buying of Decern-
t,**** °f ‘•onsequence. A steadier tone,
.ZTXtC' to P****ll. «nd It Is possl-
'ornlng wee™* 7 1,8 up durtD *
thVr» V »J M *f ^rn practically nothing, nnd
duf^h*** buying of Scpteml»er by
tS ter.".. w "* ->»«fii«a rsth.r light; In
i|.,i • voar**h sentiment was less pronounced
"In/Cm ■PP©*r©d. es|>eelnlly In the
foJ.n.l are rather Inclined to look
" n . Improvement In prices.
.inf* Sitin'* do not know of
Plaint! ^K r,or *tjonin oats. A few com-
Points of disappointing quality, but thresh-
report then Issued. ali- weather was
wet blanket nnd all the anxious shorts seem
to have got under cover. Some commis
sion houses favor buying for a turn bemuse
they think the short side has Ikhmi overdone.
hut the great majority of the trade are as
Itenrish ns ever. A few September notices
Issued had no effect. Room traders tried
to lift the market, but after tugging lu
were encouraged to drop their load by the
New York exchange's estimate of the Inst
crop at 11,225,000 bales raised under condi
tions which led msny to expect a much
smaller yield. Rears believe In some cases
: it Clay.
THE DRY G00D8 MARKET.
ket holds steady as to prices,
slightly lesaeued trade as the holiday ap
proaches.
Ing returns mostly up to expectations.
“ * * *“ t of the futures, and
with selling restrlct-
wltnessed In some time. We look for
higher prices and favor pnrrhnaea on reces
sions.
ward the close leading packers bought lard
and ribs. A good cash demand la reported,
nnd we look for firmer markets.
This Imard stands adjourned until Tues
day next.
GIBERT & CLAY
11 ALABAMA ST.
STOCKS, BONDS,
COTTON. GRAIN,
COFFEE, PROVISIONS
ATLANTA. OA.
- . t MEMBERS!
Nm? B*cbange.|Nsw Orleans Cotton Kxchsnfe.lChlesgo Board of Trade.
SSI v~S 9. 0t i°* I«bance. New Orleans Stock Exchange. Liverpool Cotton Association
* #w York Coffee Excbange.|Xew Orleans Board of Trade.(Galveston Cotton Excbsngs
. . . . . Private Wires to all Exchanges. _
**«ea| and Lonfl oisUnot Telephone 5298. W. R. FAGAN. Mansoerw
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 858.
ATLANTA, GEORGIA.
Jr p
feature In the day’s trading, opening 1%
points from last Thursday’s rlose, while
lu no other Important stock was the
price changed more than fractionally. This
Jasue rose to nearly Its high record level
and retained Its advancea well, but with
a few exceptions like St. Paul, Southern
Pacific nnd New York • Central, stocks,
ns a rule, sagged slightly on account ol
the dullness which prevailed. Erie’s pre
llmlnary annual report showed 2.18 per
cent earned on the common stock, the gross
earnings being the largest In the history
of the road.
....... . clenr. . .
’('hnttnnnogn. clear.
Columbus, cloudy. .
Gnlnesvllle, clear, ,
Greenville, clear. .
Griffin, cloudy. . ,
•Macon, clear. . .
Mnntlcello, clear. ,
Newnnti, cloudy. .
Rome, clenr. . . ,
Spartanburg, dear. ,
Tallapoosa, dear. .
Toccos, dear. . . .
West Point, cloudy,
•Minimum temperatures are for the 12-
Max. Mlo.
Irdvute Wire to Glbert A Clay.
New York, Sept. 1.—Marshall, Spader
A Co.; Today's trading will probably
be of a prediollday character and with
tho Improvement of the monetary sit
uation next week, which, we confi
dently expect, stocks. In our opinion,
will sell much higher.
Gates buying Atchison.
Would not be surprised to see the
market sell off a little today owing to
an evening up process over the holi
days. Would buy rails on recessions.
The New York Financial Bureau
says: We look for rather a quiet mar
ket today. Provisions will probably
try to lower the list on account of the
holiday. If the banking support In
evidence yesterday, showing a sold-
out appearance, should be withdrawn,
the professional operation would , suc
ceed. We do not believe anybody but
Insiders will care to carry over much
stock. We advise against It. Develop
ments over night do not seem to us to
add anything of Importance to the gen
eral situation. The bank statement to
day ought to bo a bad one. Manipula
tion there, however. Is Just as prob
able as it Is In the money and stock
markets. We are not or the belief
that a real bear market Is possible on
account of the strong bullish funda
mentals, but we are convinced that If
the money situation Is as bad as It
looks no bull market Is likely until aft
er the crop movement, and this month
the strongest demand for funds Is felt.
By Private Leased Wire.
New York, Sept. 1.—Thnt today's clear
ing house figures nt all told the truth about
the local bunking position Is extremely hard
to behove. Koine $8,000,000 remained over
from Inat week, which wan not ahowu
In last Saturday's currency losses. In addi
tion, the known movements of money for
the present week showed nn outgo of. at
least. $6,500,000. lu face of all this, the
statement today puts cutlre cash decrease
at only $4,360,000, and loans having decreas
ed $7,400,000—thanks to tho liberal exten
sion of fnregu credit—surplus reserve Is
Even during
exchange session this morning, the tendency
was strongly upward. There was no solf-
Ing pressure In uny quarter, while certain
Ing prices.
the buying In Union Pacific.
Now York Ontral, Southorn l’aolflo ana
Northern raclffc hreamo extremely ronfl-
F ni'tlvltv nxalo. Union
__ Now Vorl.
prooilaliiK subject of attention.
The clone wna animated anti atroog, with
GIBERT & CLAY'S
DAILY STOCK LETTER
Closing Showed Sharp
Advances in Cereals.
rketa
By Private Lenaetl Wlrr.
Chicago, Sept. J.—Tho
the board of tratle were nervous, tho
September wheat attuatlon being to
the liking of the bulla, and It closed
1 f-8c higher. The other months In
wheat were up l-8f?!-8c. Corn closed
l-Sfi)l-2c higher. Oata were S-8f;lc
higher. Provisions mainly 2 l-3c bet
ter.
Caeh eales here were 133,000 bushels
wheat, <0,000 corn and Iff,000 bu.-h-ls
oats.
Transactions at tho seaboard were
six loads wheat, two of corn and 73,-
000 bushels oats.
Primary receipts of wheat 46*,000
bushels and of com 604,000 bushels,
compared with 1,018,000 and 580,000
bushela, respectively, a year ago.
Clearances were 352,000 bushels
wheat, no com and !,:oo bushels oats.
CHICAGO GRAIN MARKET.
New York, Sept. 1.—Our London ca
bles state that money was unlendable
at the close. Discounts were easier.
During the second hour of our trading
decided strength was displayed In New
York Central, Steel stocka, especially
the preferred; Reading und Southern
Pacific, while Union Pacific took com
mand as a leader and advanced to new
high records. Shorts were driven to
cover, not caring to take the risk of
large gold announcements being made
between now and the opening Tuesday.
for today follow:
Open.
WHEAT—
Sept.,
Dec....
Me/..
cm
71k
High.
78%
hour perlmi ending nt 8 a. m. this dats.
<Neir York, Kept. 1.—Our advices by tel
egraph Isst evening Indicate that rain has
fallen In moat sections of the'Month
dur-
Atlantic dlatrlcts, the precipitation has.
In the main, !>een light or moderate. Fur
ther deterioration Is claimed In Alabsmn,
nnd complnlnta of damage by boll wee
vils and tsott worms come from Texas.
From other portions of the cotton belt our
reports are more favorable on the whole.
lections.— Glbert i
THE COTTON SEED OIL MARKET.
New York. Kept. 1.—The market for cot
ton seed oil was fairly active and firmer
with a good demand for Heptemlier by the
lending refining Interests. More attention
wns paid to the ouesthm of small stocks
—«•—— » supplies during
that there will be very little new oil In
this market even In Oetoltfr, due to the
good demand for oil elsewhere, nnd reports
thnt the crop Is from one to three weeks
The market nt the close was firm,
prices unchanged to tyc up. Halea
for the day totaled 4.80d'bn
HEAVY RAINFALLS.
Ht. Matthews, 8. C 1.60
Ballinger, Tex 1.94
Htlllwnter, Okla.. 2.84
Atlanta.
Augusts
Charleston
Galveston
Little Rock
Memphis
Mobile
Montgomery. . . .
New Orleans. . . .
Oklahoma
Savannah
Vicksburg.
Dlst. Averages.
Wilmington. ...» .1 10 | 88 | 69
T indicates Intpprecisbis ralnfslL
REMARK8.
ttures pres
r . _ belt dnriug the past 24
hours. Rainfall occurred generally except
In Memphis snd Little Rock districts, the
amounts being Inappreciable In Mobile, New
Orleans and Vicksburg districts. Heavy
rains fell In portions of South Carolina,
Texas snd Oklahoma. „
* b. MARBURY.
Section Director.
Private Wire to Ware & Leland.
Chicago, Sept. 1.—Not much change
in London, but a very poor bank state
ment can be looked for that will be
offset by engagements in gold that are
expected to appear In large volumes
Tuesday next. Rather expect a quiet
market, although there are Intimations
that Union Pacific will be active. In
the event of a sharp decline today
would favor taking on good stocks.
Dow-Jones Summary: National City
Bank engages $500,000 gold in PArls.
Secretary Root arrived In Chile.
Bishop McCabe, of International pol
icy holders’ committee, approves man*
agement of Mutual and New York Life.
McClellan comes out for Jerome fpr
governor.
Annual report of Canadian Pacific
shows about 16 per cent, in surplus and
equities for new common stock.
7n seven months Twin City has ©arm
4 1-4 per cent on common.
Gold engagements in London expect
ed on Monday.
Erie net earnings for July Increased
$120,000. Brie annual report shows
true earning capacity for year ended
June, 1906, was at least 4 per cent on
common. •
Twenty-eight roads for July show
average net Increase 1S.72 per cent.
Thirty-nine roads third week In Au
gust show average gross increase 1S.96
per cent.
Dun's Review says outlook becomes
brighter each week through most en
couraging crop reports.
Bradstreet's says most leading mar
kets report buyers present in unprece
dented numbers.
Banks lost on week’s currency move
ment $6,781,800.
Twelve Industrials declined .30.
Twenty active railroads declined .14.
SOUTHERN EXCHANGE
oitest Eitabtlshed Office South.
COTTON STOCKS BONDS—GRAIN
Ground Floor Oould Bulldln*. Dally
market letter nnd market manual
mulled on application.
The bank statement w»« better than
expected, end the stock market re
sponded readily and the list was again
taken hold of and advancad. During
tho last tew minutes, however, under
realising, the market sold off somewhat.
We expect the monetary situation to
make material Improvement next week
and believe we will see stacks at much
higher figures.
THE MADD0X-RUCKER
BANKING COMPANY,
with capital, surplus and
shareholders’ liability of
$900,000.00, solicits ac
counts of individuals, firms
and corporations.
Idle money waiting an
investment can draw 3 1=2
per cent interest in our
Savings Department===with=
drawal any day without
notice.
CORN-
ffc- q q s
44 4,1
Er. K- B I
FORK—
Kept... 16.90 18.90 16.85
Jan.... 13.60 13.50 13.45
LARD-
eys « a
Hept... 8.75
47»i
«**
4IH
30ty
SI'.
354,
S?
3S>,
CASH
No. 2 ri
2 hard winter
1.80
a*
H BAT-
1.75
8.70
7.22%
8.80
7.25
8.77%
8-72%
7.22%
LIVERPOOL GRAIN MARKET.
Wheat—Opened %6%e lower; cloifid %D
%c lower.
Coru—Opened %®%c lower; closed H'Q'iC
NORTHWEST CARS*
Minneapolis. .
CHICAGO CAR LOT8.
Wheat..
Corn.. ..
Oats.. ..
Hogs.. .
Today. Tomorrow.
NEW YORK BANK STATEMENT.
The weekly statement of the No
Reserves.
Loans. . *
Hpeels. •
$1,420,675
1,430,000
S2.100
11,794.6*10
d'l.soo
ATLANTA CLEARING
HOUSE STATEMENT
fDarwIn O. Jo
Safe Deposit Boxes
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
For rent in our vaults in the basement of the
Empire (Building for only $5. 00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee.and Trust Co.
r
REFERENCE, THE NEAL BANK
PHONE «4IT. PRUDENTIAL DLDO
ATLANTA NATIONAL BANK
ATLANTA, GA.
nr , ..int'iiiiirr, iw m wff , itfiti-iniivr,
1.000 at 30c nnd Octolaer additional 800 Ut
32%e.—Ware Sc Leland.
(Ipen^njr Hosing,
liecember . *
Uarcli7'.
Closed steady.
THE COFFEE MARKET.
of the New York coffee marl
day:
Opening
funs*. Close.
January 6.504.55
82KE7:: :jgS
is?!::.-:::."::.'.;:..:
Si:-:: .v;/r.:*:lSSS
August •
Keptember .. ..6.27-C25
October . .6.204.25
November 6.394.40
Deeeinlaer.. .-.»<< ..6494.46
Closed steady.
6.654.60
6. DT4.ua
6.654.70
6.704.75
6.804.85
6.V4.90
6.254.30
6.304.35
6.494.45
COTTON^GRAnJ, ^ROVlsfoN^TOCKS^BONDS,
Nt. 2 Will St., Ptltrt Building, Atlanta, 6a.
MEMBtRS:
few Yark Cat ton Eachangt. Chicago Board at Trado.
fitw Orltam Callao Etchaaga.
tfrtffssf Coffee Aanclatlaa.
ht* 1 c-k Coffee lichanot.
• ~ —•“T4FF. ktanaaar.
Standard Pbona 236.
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vlce-Preeldent. GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Aes’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO,
COTTON
'•1 MERCHANTS
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the aboveexchanges.
Direct wire service. Correspondence Invited.
Phones 4M, Long Distance 39. A. S. Hustacc. Mgr.
31 % Compound Interest
is the rate your money will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, ' SAFE, CONSERVATIVE
You are Invited to call and Inspect our quarters and investigats
our facilities to serve you. A hearty welcome awaits you at this
bank.
ASA G. CANDLER, President.
V/. H. PATTERSON, Vice-Pre«. A. P. COLES, Cashier.
JOHN S. OWENS, Vice-Pres. WM. D. OWENS, Asst. Cashier