Newspaper Page Text
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1 • " 1 J
THE ATLANTA GEORGIAN.
TUESDAY, SEPTEMBER 4, 190*.
II TEXAS
NEWS AND GOSSIP
OI the Fleecy Staple.
Private Wire to GIbert & Clay.
New Voik, Sept. 4.—Liverpool opened
«! lower from Friday'. c lo«e. which
nbout as expected.
80Ven lI reports of too much
"ft.!; Texas, and also that the boll wee-
ritory* croMetl lte<1 rlTW int0 Indian Ter-
„ Thu Journal of Commerce says: *« a
SfHf® operations of buyers during August
disclosed a scarcity in the supply of gray
goods of print cloth yaru construction,
“i ,ea <^ed goods, • tickings, sev-
lines of colored goods, hosiery, some
jfjjy -P f . napped goods, and In the gen-
enu division of fine goods for spring use.
The consensus of opinion appears to
Lpot sales increase f%8feawM^ ta »ja?,
has been greater than buyers and many
se lera suspected, and Its force has been
felt because the demand for goods ha
come with a rush In the past five weeks.
Liverpool cobles: “Strength Is due ‘
th ?n u, J. , vorn J ,le advices from Texas."
All rrice brokers sre good buyers, pre
sumably on the unfavorable Texas “
ports.
rlew of the nnfsvomhln Texas __
xjs
little
[cables From English Mar
ket Were Better Than
Had Been Expected,
[Liverpool Closed Firm and
Sharply Higher—N. Y.
12 to 14 Points Up,
* x u * I»» view of the unfavorable Texas
ports and large local apeculotlre short
»■ ■■■— letest, think the market will do a 11
1*1 'CSteb undertone of the
| V>«- '" “'tet at the outlet wee vei7
■ "**->8 were 2 points lower to
ly. t ™‘.r«ml after' the call the liet
ut, -pyj niiylnif for eouth-
cp 10 P"lnte on jmou^ Texan Influenced
ntweele- Toe u» There wee in
I .... ncrpool market wee better than due
I The Livenxwt ^ coming, spot bo-
I In l*>tb,lt P snontsuP *t 5.36d for middling,
linn ,L|n ( nnlnerMW amountingTo
■rtf F, turee opened 4 to 6 point.
they were aue to come 1 point.
dw» ; . hn t center etnte the advance
ftf*“tJ Sfnvornble crop ndvlee. from
|T«w*- anoninif in New York prices were
I. ili.'u lowrr tf, 3*pofnt. hl«he?. being la-
It point, "wor f the rtlnl 1,1 Texaa.
Bfltiencwt l>y r i"' , w"ere from 13 to 14 point,
lujjfrtin vrWey'e cloee, with the tone.
RVsrssrWBtfK
&STrJSS tit" “n.lTllJbr.howm
ErtESrihe™ portion, of the eastern bolt.
IK,, rmlorn belt neede rain.
Lonw "? "h"’ principal"market*, •• "com-
E® 1 ’ w^-soo a
■Sfr-tT . . . MOO to 7.500 5,064
»» wne-etemly. Vto 14 ffut. hllhor
|than last Friday's final.
spo'Tcotion market.
I Liverpool, spot quiet, with prices steady;
■middling uplands 5.36d; sales 7.00J; Atneri-
IrtSi 1W: speculation and export 600; re-
■ceipte 3.000; American 2,600.
" Aflflntrt, quiet ut 9%c.
N,‘w York, quiet at 9.90c; delivered on
Irwiitract 700. . » •
h>«r Orleans, steady at 9 3-16c.
Augusta, steady at 9S-16C.
guvnnnah. steady itt 9Vic.
St. 1.4>uis, quiet at 9c.
Macon, quiet at 9c.
Norfolk, steady at 9%c.
TODAY’S PORT RECEIPT8.
The following table showa receipts at the
rti today, compared with the same day
it year:
teTe»t v
better.
New Orleans* Sept,. 4.—We hear of heavy
rains In north Texas, extending to the
eentrnl part of the state, which will prob-
-bly do some harm.
Liverpool has regained about all that
was lost on previous sessions since our
close on Friday.
Private Wire to Ware A Leland.
New York, Sept. 4.—Liverpool futures
opened steady 2 up on'near and unebanget
on late. At 12:15 p. m., 466 down and
steady. Sales 7,000, spots 6 up at 6.t6d.
opening.
New (
•tegdy.
f s7n
rlea ns, 8ept 4.—Market
laying seems shout
reen the
vlded between the two accounts.
sensitive to reports of crop dnmag
believe th ‘ ’
tony operators believe that the
seen this month.
WEATHER IN COTTON BELT.
NEW YORK.
re
rn The following le the range In
rh hires In New York today:
cotton fe
be
ns
ht
ill
sl
Sill
!i
« o'? 1 -;;:
Nov
Dec
Jan
Mnreh. . . .
t: May. . . .
8.641 8.7$
8tbl\ 9.00
8.90 9.06
9.00 9.21
9.10 9.29
9.15 9.15
9.24 9.40
9.31 9.4$
.641
EH
I
8.72
8.97 8.9647
9.06 9.06-07
9.16 9.16-17
9.25 9.25-26
9.461 9.46-47
fi.664J
18243
8.92-91
9.01-02
9.10
9.14-16
9.32-23
.9.30-31
TjVler, ’clear and pleasant, light rain last
&lHsiMlppl—Hattiesburg and Meridian,
clear and hot.
Alabama—Birmingham, clear and warm;
Mobile, clear and warm, some rnln yester
day; Montgomery and Opelika, clear and
hot; Troy, dear and warm.
Georgia—Columbus, clear and hot.
North Carolina—Greensboro and Raleigh,
cloudy and cool, raloed yesterday after-
WEATHER IpfwHEAT BELT.
Extreme Northwest—Generally fair, 28 to
66 above.
Northwest—Clear, 46 to 68 above.
West and Southwest—Generally cloudy, 48
to 68 above; local rains In Kansas, Missouri
and Illinois.
Ohio Valley—Generally clear, 68* to 72 de
gree* above; local rains.
WEATHERT0RECA8T.
■New Orleans. .
■(rAlrctton. . .
I Mobile
■Sarannah. . . ,
■rbarlcston. . .
■Wilmington. .
9701
459
21»
10
761
16140
1967
Georgia, East Florida and West Florida—
Occasional thunder storms Tuesday and
Wednesday.
Mlsslsalppl and Alabama—Thunder storms
" ■* ' Wednesday; cooler Tuesday.
*r* n «— Fair In aouth, showers In the
north portion Tuesday and Wednesday.
Weat Texas and Arkansas—Showers Toes-
ers In extrema south; warmtr north; tomor-
INTERIOR MOVEMENT.
_ The following table shows receipts at ths
■Interior towns today, compared with the
■same day last year:
Missouri—Fair tonight, except showera In
Memphis. .
Ht. Utila.
riiirliinittl.
12895
/ 185
WARE & LELAND’S DAILY
DAILY^MARKET LETTER
N>w Orleans. Sept. 4.—The market for
cotton find a very good undertone today,
which was due chiefly to reports of crop de
Tertoratlon from Texas. Ifenry rains over
«.n the weather map added to the
Jue« that the crop was not doing well In
• tttt '‘ ftr >d onuse<l considerable fresh
i*unnc On the opening an accumulation
JfJSJJ 0 * ."filers bad to t»e filled, which
steadied prices and stimulated Liverpool to
,A «u advance that wa« none too great
th« in. n f PfPflous to the opening of
the IfH-al mnrket. Toward noon the market
krnit stcndlneaa and prices went
• advance of nl»out 15 i»olnts, when
up for X
hnn .,, f" ni,nl figures strengthened the
II * position coualderably, for they show-
fyn-mu. 1 ,nri t er consumption than was
K 'i- 5 The weekly crop re-
BEJW *!>«btly better than expected,
,hov *P°»e of too cold nights In
!u ,.*; *• unseasonably wnrm day* In Ueor-
s5»iS.. # «,! l * r ? ou ." ‘Irought In north and
w'- IlMter marte tlw
.2 ImlM, ogxlnit 13.566.COO lilt
"".V'mj'H'l'i wni put at U.156,000.
»JL C *'™ * , t y«r. ->r an -xcvaa of
SjS '"'r* 51111 taklnn were put at It-
Ik. a,!? ""' *»«•»■» if455,(W0 laat jrear.
J. ,?“ r " <>n vonaumptlon* earrleil out
'“U He urnngfHl claim, of the bulla.
s *Pt' 4.-Dovelopmenta over
of font Importance
BaffiirJ. M’f °f the I’eimajrlranla of
rm. Im. ,; uJ " hl ° -Norfolk and \Ve,t-
Kti(» «r h ft. "vvond named atock waa the
”th™ "L ,h ,r„ »“<*.«» »»» "port-
tkli nil ,..,1 n l favorable developmenta In
wn,?T" ,,n he. exp«fed. The
Wahrr A-W..Irrecular after openliur
Sr',* 1 ,' 1 ' »t. I’nnl the feature on the
6*if iS' k "f tke Ilnrrlman-St. I’nul
u7, ""“"nnreroent, aa proflt-taklni wni
-«r m kooeval, and the dMlInga
In, i, 0o f m| xe<l. The public la trad-
; ; "at of (he market, while the
'I11I . V’". o* ‘ho «oor «vo In
«ro'nd i n 11 " hort ,or » >« rn - We rec-
•Won. 01,
»• order i
L| VE stock market.
'if"'.'' 1 Wire.””
in r* I'in t ,55.40«6a ;
^e.25. good to choice heavy
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
Produce Exchange.
Lemons. 17.75^8.00.
Limes, 60675c.
Pineapples, J1.5062L50.
Bananas, straights, ncr bunch, 81.5001.75.
C ro‘b^ r ni u, ANr> ,1 cou 1 NT'nY rnopucE-
Llve hena, 3585714c; frlea, 846835ci troll
°T.v« I-eklu, 56c; puddle, 3503744c.
Ilreaaed hena, per pound, 13813c.
Muxs, per doien, 35c.
Butter, table, per pound, 30@844c; cook.
Inc. per pound, 12H015C.
Iloner, new, 8810c pound; In one-pound
racka, 16812c.
VEOKTABLE8—Irlah potatoea. Na
atock, 86344 barrel; per hnahet, 31.00.
Ontona, 3c per pound: enbhaae, 144c pound.
New aweet potatoea, 60c buahel.
FLOUR, GRAInTpROVISIONS.
rMUIt-Poatel'a patent, 56.75; Diamond
patent, 56.10; Maacoutah Star, 34.60: fane,
patent, 14.60; Re<I Eaale, 54.16; Blue Ulbbon.
8.x<; fane/, 13.50; aprln* wheat patent, 16.00
CoiiN—Choice red cob. 76e; No. 2 white,
71c; No. 3 vellow, 74c; mixed. 71c.
OATS—Choice white clipped, 63
white, 60c; choice mixed, 48c; T<
’l&&riljn watcr-kround, per huahel.
75c; bolted. 140-pound .atea, per bnahel. 6Sc;
Short., while, 11.60; medium, 11.40; bfown,
—ire bran, tUO; mixed bran, 1106.
•Tlmoth/. cholc !ar/e Imlea, 51.10:
do., choice email bate* 11.06: do., No. 1
Tmoth/ Imlea, 0.00; No. i, jl.00; do., No. 1
-loevr mixed, tlToO; do., No. 3 cwver mixed,
0c.
cr.04'BR—Choice 50e. .
The above prlcewmre f. o. b. Atlanta, and
aubject to * m, Q , pQgg"p^8* I,c ®'
SHOAR-Standard cranulat'ed, 55.20. New
York refined, 444c: plantatlone, 6c. Market
T< C?)KKK?£-Roeeted Arbnckle - a 11660,
bulk. 111 basa n harrela, 15c; (reen, 100
12c. Market alrong.
RICE—Carolina 4448744c. accordlnC »o
prade. Market ver/ atron*.
CHEESE— Fane/ full cream dalrj. 1414c;
twlna 14c: brick 14c. Market atronk.
PROVIStONB-Rnpreme hama, 16e. Dot;
homa, 1644c. California hama. 1044c; 1<«I
■ extra nha, tt.Tf;
haeka, 5c; platJA
Croaa hame. 16c. Dry aalt extra nba, 55.75
helllca. 20-8 Iha., D0.50; fat haeka. Sc; plate;.
Ic; Supreme lard. 55.75;* Red Croaa, 10c.
Snow Drift compound, 7%c; Red Croaa, 744c.
**Ca^l»^-Rpcelpt* 10,000. Market. Ilxht
atead/; other weak: nuallt/ fair; l^cvea
M.6586.80; cowa Jl.5084.36; helfera 12.80
6.8: calrea 8.6086.80; good
8.30fi6.»; poor lo medium 53.
era and feeder* $3.3684.20.
Sheep—Eatlmated reeejpta ‘
atronk: nuallt/ fair; natlre *
ern &.S(86.*; /earllr
54.6086.8; weatern
GIBERT & CLAY
* ALABAMA BT.
STOCKS, BONDS,
COTTON. CRAIN,
COFFEC. PROVISIONS
ATLANTA. OA.
JGalveston Cotton Exchsugs
"Id?; n. FAGAN. Manager*
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
Edited by-
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years* experience of ed
iting markets In Atlanta
and the South has made
him a recognized nu
thorlty In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper....
Atlantic Coast Line
American Sugar Ref
Anaconda
American Locomotive...
. do. preferred
American Smelting lief
do, preferred
Atchison
do. preferred
American Cotton Oil
Am. Car Foundry
Baltimore & Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago & Northwest*n
Chesapeake & Ohio...
Colorado Fuel A Iron.
Central Leather
do, preferred
Chicago & Great W’n.. ....
Chic., Mil. and St. P..
Mela Ira re & Hudson..
Distiller's Securities....
Erie
do, preferred
General Electric
Illinois Central
American Ice Securities.....
Louisville A Nashville
Mexican Central /
Mlesonrl Pacific
NAME OF STOCK.
N. Y., Ont. A Western
National Lead....,
Northern Pacific
New York Central
Norfolk A Western
Pennsylvania
People's Gas..,.
Pressed Steel Car
do. preferred
Pacific Mall
Rending
Republic Steel
Rock Island
, do. preferred
United States Rubber
do. preferred
Southern Pacific
Southern Itnilwny
do. preferred
Slosa-Shefrield
Tenn. Coal A Iron
Texas A Pacific
Union Pacific
United States Steel
do. preferred
Vs.-Car. Chemical...*
do. preferred
Western Union
Wabash
do. preferred..
LIVERPOOL.
Following table gives opening range and
dose, compared with yesterday’s closing:
Futures opened steady.
Opening Previous
Range. Close. Close.
.4.96 d.01
.4.86 -4.91
September. .
Sept.-Oct. .
Oct.-Nov. .
Nor.-Dec. .
Dec.-Jan. .
Jan.-Feb. .
Feb.-March.
Marrh-Aprll.
I.9M
. ...4.86 -4.89
....4.87 *4.91%
, ...4.89 -4.92%
. ...4.90*4-4.96
. . .4.92 -4.97
Tj6 ....
4.96% 4.M
4.94% 4.83
S* W 4
4.5. 4.3644
6.00 4.3844
6.03 4.9644
5.0344 4.92
NEW ORLEANS..
...lowing 1. the rang,
turr, In New Orleana today
Sept . . . .1 9.15| 9.161 9.15| 9.161 9.16-18| 9.044)7
Oct I 9.03| 9.161 9.02| 9.14| 9.13-141 9.00-01
Nor. 9.10| 9.101 9.101 9.10| 9.14-161 9.00-02
Doe. . . . ,| ».07| 9.17| 9.03| 9.I6| 9.14-151 9.01-02
/an 9141 9.26 9.06 9.221 9.23-231 9.03-06
Keb 9.26-23 9.12-
Mnreh. ■ ■ -I 9.241 9.35 ! 9.201 9.341 9.32-3l| 9.19-
Clo.ed quiet aud atead/.
NOTES ON GRAIN
Pointers on Provisions.
Private Wire tn Ware A Leland.
Chicago, Sept 4.-*Thero la not much snap
to the wheat this morning, It la higher;
still the trade Is small.
Think conditions are very favorable for
an up-turn In wheat.
World's shipments, Chicago board’s fig
ures: Wheat, 9,240.000, against 9,894,000 the
preview* week and 9,684,000 last year; corn,
3,490,000, against 3,672,000 last week.aud 4,<
256.000 laat year.
Unless It gets outside help, the market
will break easily. It Is 74c asked now, and
the crowd apparently have all they want.
Oats opened firm on general commission
house buying. Ktdston fair buyer of De
cember.
There was buying of January ribs by
commission houses, thought to be foreign
account. Nearby futures dull and quiet,
with light demand and light offerings.
Chicago Record-Herald: Deliveries on Sep
tember contract! were 2,450,000 wheat, 5,000
corn, 1,100,00 oats, 90,000 rye, 2,750 pork, 4,750
lard and 2J>00.000 riba.
Whea
IT raster, .... ... —,
Booth end Reqns, end taken In by Parker,
Wrenn, Rosenbaum Bros^. Sbetrson Ham-
mil! A Co., and Bartlett-Frasler. The oats
were mainly taken in by Wells for the
American Cereal Company.
chiMfii intf»r.nr«»fin! how that 8cptem-
eptem-
> trade
fldcnce In the stal — ..j
til the size of the spring wheat movement
hns been measured. Tne trade continue*
to look for a large movement of corn and
■ expecting n heavy run of oats In ths
Northwest. Hedging sales the past few
i have been greatly reduced..
ie lake rates are lower, with charters
for 250,000 wheat at l%01%c and 200,000 corn
at l%c to Buffalo.
Cash business In wheat In Chic
day was 280,000 bushels, Including
* hard and 126.000 No. 2 red. l
Rales of corn were 171,000 bushel* and
oats 145,000 bushels. The seaboard sold 96,000
bushels wheat, 16,000 corn tad 76,000 bushels
oats.
.stocks of provisions In Chicago, as given
out after th* cloee Saturday, show an In
crease In contract pork of 626 barrels, a
decrease of 1,163 tierces of contract lard
and 2.000 tierces other lard. Short ribs de
creased 2,000,000 pounds snd stocks of all
meata decreased 7,306,000 nonnds and are
94,411,000 pounds compared with 93,119,000
pounds last year.
Minneapolis had 40 cars new wheat Sat
urday, half Iwiug drum. Winnipeg received
22 care, mostly No. 1 Northern, it !■ eaay
to get any kind of thrashing returns you
want In the Northwest, aa the crop la so
Varied, depending upon different locations,
rlelds of I to 10 huihela 1*1 ng found In a
'cw spots and of 16 to 22 bushels In others.
NORTHWEST CARS '
The following figures give the northwest
ears today, last week snd lose year:
Last Last
Todar. Week. Year
Minneapolis 21 28 21
Duluth 239 26 836
DEMAND FOR CASH
- REPORTER BETTER
*
Cables Were Higher and World’s
Shipments of Wheat Smaller
Than Anticipated.
Corn...
Oat...
By Prlrate Lmaad Wire.
Chicago, Sept. 4.—Another plum waa
knocked down and devoured by the
wheat beara In board of trade. The
continued "hedging" aalea by caah
houses and the backing away from the
new crop by foreigners were the Strong
Influences. Closing prices ahowed wheat
5-8@3-4 cent lower; corn unchanged
to l-2c off. Oata l-801-2c lower and
provisions 10@25c lower.
Caah sales here were 5,000 buihels
wheat, 35,000 buahola corn and'75,000
bushels oat*.'
At the seaboard two loads wheat and
50.000 buahela oata were taken, but no
corn was reported.
The vlolble supply showed decreases
of 1,175,000 buahela wheat and 249,000
bushels corn, while oat* Increased L>
172.000 bushels.
Primary receipts of wheat 1,081,000
bushels and corn 919,000 bushels, com
pared with 2,095,00(T and 017,000 bush
els, respectively, the yesr ago.
Clearances were 1,828,000 bushels
wheat, 78,000 bushels corn and no oata.
CHICAGO GRAIN MARKET.
fo^today 11,1,1 Provision quotations
WHEAT—" 1, ,,l * b •
Sept.....
Dee
‘oiik- 31
S.pt
Jau.„. 12.40
LARD-
Sept.. 8.70
SSb ?:8*
HIDES—
Rept... r 8.80 8.80 8.60 8.66 8.80
OcL.. ..on* |.g44 ?;g 44 j.7244
£ III1
$ £5'
GOV’T WEEKLY
WEATHER REPORT
Alabama—Generally fair weather
vailed. The rains were scattered and light,
except In the northeastern part of the
state, where they were locally henry. The
temperatures were uniform and abore the
normal.
Arkansas—The forepart of the week was
unseasonably cool, but the latter part was
warmer, the mean temperatures being be
low the normal. Thu cool nights were
unfavorable. Tnere was no rain, except In
Ilot Spring and several northwestern
counties. The dry, sunshiny weather was
generally favorable, except lu the extreme
southern portion.
North Carolina—Weather warm
rainy during tho forepart of week,
clear and somewhat cooler during the lat
ter part of the week. Rainfall was much
above the normal, and caused n great
amount of damage. The mean temperature
was nbout 3 degrees above the normal.
Oklahoma mid Indian Territory—The
mean temperature wae 2 to 4 degree* lie-
low the normal. The precipitation was
aliore tho normal In the central portion,
and geenrally deficient In the eastern and
western divisions.
“ itb ~ • -
... 'L „
the normal. The mean temperature wae
above the normal, but there wae no ex
cessive heat. Thera was ample sunshine
the last few dajra. .
Florida—Showera occurred in all esc-
ons, but were locally heavy In weatern
id central and extreme northern coun
ties. High midday temperature and cool
nlghte were the rule. A warm wart nre
ailed from Thursday to Saturday. Thi
'father was generally favorable.
Georgia—The days wore t unseasonably
wnrm and the nights cool, the mehn tem
perature l»elog considerably al>ove the nor
mal. Weather was cloudy, with dally
showers In most sections, the showers
being heavy In scattered localities on sev
eral dates. The total amounts were con
slderahty above the normal.
Louisiana—The week waa dry, excel
that scattered showers oerurred In tL
last two days. The rainfall was general
d Waa deficient In. all sections
rature waa, above tho norma
Jan.... 7.27% 7.27*
CASH WHEAT—
No. 2 red
_ hard
71%.
PRIMARY MOVEMENT.
281
THE COFFEE MARKET.
New York, Sent. 4.—The coffee market
opened at a decline of 5 to 15 points In re*
iponsn to lower cablet end the continued
ibsenre of news regarding th* progress of
valorization. Receipts continued large, and
while the fact that Karl KriecUn attempted
no estimate of the Brazilian receipts for
Keptemlter wae probably due to uncertainty
over the effect of valorization developments,
there were many who believed that It re
fleeted the probability of nn abnonn-illy
heavy movement —GIbert A Clay.
Following la the opening range and cloee
of the New York coffee market for 1
day:
Opening
flange. Close.
January .. ..6.36-6.40 6.30-6.K
February 6.40-6,60 6.38-6.40
March. jjjW.66 6.40-6.46
."6.664470
June .... .. ..6.70-6.60
Jnl/ J-75AJ0
Aiwilit. I'Si'S
Kepteinlier •» .-*004.06
The following figure* give the primary
movement of wheat nnd corn today:
Wheat—Receipt* 1.081,000 buahela, against
2,096,000 bushels last year: shipments 437,-
000 bushels, against 700,000 bushels last
year.
Corn—Receipts
919,000 bushels, against
t year: shipment* U6.000
10,000 bushels laat year.
October -••lfr , 6'30
Closed eteedy.*
6.604.66
4.664.90
4.604.66
6.654.70
4.754.90
6.164.20
8,204.9
THE COTTON SEED OIL MARKET.
THE SUGAR MARKET.
Private Leased Wire.
_>W York, Sept. 4.—The domestic refined
sugar mnrket was unchanged on the basis
LIVERPOOL GRAIN MARKET.
; 130 |
higher,
m.. % to
Wheat opened % higher; 1J0 p. m., 1 (b
% higher; closed % to 1% higher.
Corn opened unrnanged; 1:30 p. in., % 1
% higher; closed unchanged to % higher.
SCHOOL BOOKS
AND ALL SUPPLIES AT
JOHN M. MILLER CO.’S,
39 MARIETTA ST.
SOUTHERN EXCHANGE
Oldast Established OfTIce South.
COTTON—STOCKS BONOS GRAIN
Ground Floor Qould Building. Dally
market letter and market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REFCHCNCE, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLDG
TIPS FLASHED
From Wall Street
Private Wire to Ware & Leland.
New York# Sept. 4.—London boosting.
Large reports expected, and Kuhn, Loeb
& Co. taking over half - Pennsylvania
holdings in Baltimore and Ohio and Nor
folk and Western Is very bullish on these
stocks
Believe we will have a good advance In
Baltimore and Ohio.
Dow-Jonea* summary:
American stocks lu London booming %02
per cent above parity.
Two million dollars gold engaged in Lon
don for New York.
Pennsylvania sells half Its holding of Nor
folk .and Western and Baltimore and Ohio
to Kuhn, Loeb & Co., surrendering con
trol of those roads.
Bar silver In London touches highest
point in tsn years on Indian government
buying.
Burllngtoh report shows real surplus of
about 19 per cent on common.
Herman Oelrlchs is dead.
National City bank and Ba
merce shows largest decreases In loan In
bank statement.
Forty-three roads for third .week In Au-
.41 per ce
need .90
11,eft & (J|;
New York! Sept. 4.—Everything points
to a big market nnd much higher prices.
Would tnke profits on bulges this morn
tig and buy back ouly 0114 * * “
ilcnr that rcnsylvnnln wl
jliuntely, though 1
It at the inoiueut.
Think It Is a good Idea to take profits
In Union Pacific.
The New Y’ork Financial Bureau says:
The stock market seems to be temporarily
pversold. The action of the list on the un
favorable bank statement Saturday Indi
cates that. Further betterment is likely
today, but we would bot neglect fair re
turns. Speclslty Improvement will be the
policy ns near as we enn learn. Otherwlso
we would maintain neutrality. There are
a number of Issues that can easily hi
higher on account of uon-dlstrllmtlon.
conservative, but refrain from selling short
for tho time being. The general situation
shows betterment If anything, although
' the bank statement as hat
• than manipulated, and turn
really the sufplus Is wiped out. The banks
it gold this week, however, In
volume, nnd If that Is so there
will not be moch difficulty experienced, al
though coll rates will likely bo high today
on account of the tightness over the flrat
of the month. It Is evidently the determi
nation—ninny signs Indicating It—that the
banking element will tr^ to j>ut • price*
.. ... — __ _jey enu
them generally at advanced levels,
tod. But thnt ly the point. The
ilgher for distribution
bold them a
well nnd gooil- .
strain of the demand for crong will occur
nt Its height soon, and we think the legiti
mate demand will receive first considera
tion, although the transfer of stocks abroad
for carrylug purposes will help the situa
tion materially in this connection. Ad
vances will have to be along specialty lines,
and we believe thnt If Judiciously carried
out thoro will bo no great trouble. The fun
damentals are strongly bullish, as we have
often said, nnd wo would like very much,
kind unless money permits. In the mean
time wc advocate conservatism nnd a close
observation of the Individual position ns
heretofore referred to.
In tho north portion. The sunshine was
about above the normal.
Mississippi—The temperature waa 2 to 3
degrees below the normal In the west and
north portions and slightly above In tab
southeast portion. The rainfall was de
cidedly deficient, except In Pearl River
county, and the drought Is becoming se
rious In northsastern nnd aome eastern
counties.
Texas—Fair weather prevailed during
ic greater part of the week, with amplu
itisblne. Scattered showera occurred dur
ing the latter part of the week. The rain
fall wni generally light, except In por
tion* of weatern and northern counties,
where It was normal. Temperature was
unusually low at ths beginning and high
during the remainder of th* week. Tn*
j®r _
Tennessee—Over most of the eastern sec
tion the week wae warm and showory, thr.
temperature averaging 6 degree* above ths
normal. The weatern section wns general-
y fair, with cool weather during the flrat
'our days, but the last two days were quite
warm.
ST, PAUL OPENED
AT SHARPADVANCE
It Was Special Feature at
Resumption of Business
This Morning.
OTHER ISSUES HIGHER
Prices at the Opening Were
Animated and Buoyant
London Higher.
per cent. Sterling exchange
By Private Leased Wire.
New York, Sept. 4.—The market this
morning waa again subjected to th«
conflicting forces of a violent specula
tion. Some fairly sensational gains
were made in particular stocks', and
taking the list as a whole, all advances
were more numerous than declines. But
the movement after the flrat few' min
utes of an excited opening, was ex
tremely Irregular, and in many quar
tern profit taking sales, conducted un
der cover of the great strength in ,the
day's leaders, was fully a mit<h f, r
the new buying orders. There waa
every reason to believe that the Lon
don market had been "rigged" for a
speculative opening here. On buying
orders cabled from this side and dur
ing the holiday prices were held up
over our high points. This led the is
sue anticipated In a furious rush of
buying at the start of the local trad
ing. The Pennsylvania's announcement
of the sale of half of Its Baltimore and
Ohio and Norfolk and Western hold
ings caused an exceptionally active
speculation In all three stocks. But
the extreme stiffness of the money rate
—call loans touching 9 1-2 per cent—
and the publication of the subtreasury
statement showing that the banks have
lost In two days only more than 35,-
000,000 took the keen edge off specula
tion enthusiasm and for the rest of the
morning rrull/Uig y •!<■* wen- a* much
in evidence as fresh operations for the
rise.
Tho special feature at resumption of busi
ness on the local stock cxchnngc today was
an advance in 8t. Paul of 4% per cent. Tbs
nernl opening was animated mid buoyant,
nnd Western, also Southern Pacific
brfolk 1
_ llan Pacific 1%. Amalga
mated Copper and Pennsylvania 1%. Other
gains at the start ranged from % to %.
Following the strong tono and sharp ad
vances in London, the mnrket here, after
making heavy gains on first sales, continued
strong during ths first hour, with Union
Pacific, 8t. Paul and Baltimore nnd Ohio
the leading features.
Ht. Paul sold as high as 183, agnlnst 177%
at the close Saturday, practically a new
high record. *■ the rights nnd dividend 1
now equal to * . .. . -
made a new t
■ra gains n _
Reading, Northwestern. Canadian Pacific
nnd Great Northern preferred. The news of
the sale of part of the Pennsylvania hold-
~ ~ t Baltimore nnd Ohio and Norfolk
--- . eatern waa considered significant of
the coning readjustment or th.. rHnttons
of the great railway system, and a number
of other changes of Important character are
expected at frequent intervals from now
on.
London bought 8,000 shares of stock on
arbitrage account during the first hour. The
market nt the close or the first hour was
barely steady.
Government bonds unchanged. Others are
steady.
LONDON STOCK MARKET.
STOCK—
Anaconda..
2pn,
HE MADD0RUCKER
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 31=2
per cent interest in our
Savings Department===with=
drawal any day without
notice.
rule., .
Erie.,..
Illlnol, Central .
I^ml.vllle an,l Nalbrllle.
lira,line
I’enni/Tvanl*
noatharn Pacific
Union Pacific
United Rtatca Steal., .. .
d °' pr.f.rred
8T0CK8 AND BOND8.
a Ceor.l., II. ft. U, 1910..
ra.n.h 5a.
tcona 5*. 1910....
Atlanta, 6a, Wl....
Atlanta, «3i, 1922..
-.j», 1922.. .. 107
Atlanta 4a. 1934 .,..105
Atlanta and Writ Paint. . . .168
Atlanta and Weat Paint Dibt*..107
Central ftallwa/ ot Ueorjla lat
Income
do. 3d Income
do. id Income
S i ind'saTt'nntii". ‘.’.'!hS
■•tern 116
8 eorrli Paclflc Ut* 130
* C. and A. uta 113
Sit
Killed by Falling Slat*.
Special to The OeorgUn.
Chattanooga, Tenn., Sept. 4.—Will
Henderaon, eln.le, of Carpenter. Ala.,
»«■ Inatantly killed at Durham mine*.
Durham, Oa., by falling elate. Hla re
main. have been removed to Carpenter
for burial.
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 Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
WARE & LELAND
COTTON, gra:n, provisions, stocks, bonds,
ft*. 2 Wall SI., hint twIUlH. Allwit. da
Htw Orlttni Cellto ficii,,,.
Urnett! Ca.'ftt Atutltlioa.
hint* Wilts I. Ant 7.1, Htw Orttsst. CSIttft.
StU flue 1343.
ATLANTA. GA.
C. E. CURRIER, Pre.lflent. A. E. THORNTON, Vlce-Pre.ldent
H. T. INMAN, Vlco-Preildent. GEO. R. DONOVAN, C.ehltr
JAME8 8. FLOYD, A.a’t C.ahler.
Capital $500,000.00
Surplus and Undivided Profits.: $500,000.00
We Solicit Your Patronage.
V