Newspaper Page Text
THE ATLANTA GEORGIAN.
WEDNESDAY. SEPTEMBER 5,
11
ElGLfSH CABLES
SURPRISED TRADE
Prices Decidedly Lower at
the Opening in Liver
pool Market.
liquidation FACTOR
The Response in New York,
While Decidely Lower,
Was Not Full.
Br Prlral* L*««ed Wlr*.
».* York, Kept. I.—The local market at
atart. while decidedly lower, hardly
Mlrhcd th' wenknoas of price, at I.lrer-
—I the action of the market there com-
jUtfiy aurprUIng trader, here. The weak-
:, M „t, r «iil wn» eaplolned In private enhlea
.. hclne dec to liquidation and larger offer-
from Intereata In the South. The trade
Wre alao had a theory that aoaa of the
Eli lour. had sold out In Liverpool over-
SVlit Klrat prlcea here were 13 to 14 pnlnta
K‘“r. and there wna enough covering on
.Willie to prevent n full reaponao to the
ul In the Kngllflh uinrketa.
Bueculatora who bought cotton futurei
minder with the expectation of h con.
hnuance of tho advance today ware hand-
2l a eurprlae tbla morning by an unea-
JJrtnl derided decline In the Liverpool
Barkrt.
.'eiferday'a advance.ln the American i
Ml railed f
| for an upwaril turn of a 1
r Wins, and avhon It waa aeon that It
Ihowed a decline of na many polnta, the
Irtde was at a loai to flml n reaaon for
the (allure to respond to the bnlllah crop
•drlree, eaperlally from Teiaa, current dur-
lut the trading houra on thla aide.
However, It did not follow our ad
vance, and our market wna due to open at
derllnea of from 144117 points. Opening
nrirea were 134114 polnta down, but nftcr
(be fall prices eased off a few points, after
which the market turned dull with nnctua-
tlona narrow.
business la eipeeted to he of a profes
sional character for the remainder of the
week the trade preferring to wait the
mildlration of the government condition
muI alnnere' reporta next Monday, the
rendition roport at 1 p. m. nail the gin
ners' report at 2 p. m„ New York time.
The Interior movement for the half week
mlier 4 Is ns follow.: Its
shipments 29,480, stock, Sep
AMs' 1 ........ MT1I V.
NEWS AND GOSSIP
Of tlie Fleecy Staple.
ftSTStfR i? .*&•
A Journal of Commerce dispatch says
.£li.5 0r nll!l nfn . t cl i?P ‘■eporta, due on Sat
urday, Septemtor 7. are Itkeljr to be post-
poued to the following Monday, owing to
necessity for a conference between the sg-
82* iKS 1 < *2fi£ rtmeut ftnd «“■«» bureau.
W A *j n 4 ns soon as confirmed.
Market steady nt moment. Wire houses
buying n little at the decline, while the
larger room traders are dlapoaed to sell.
Some of the larger local traders are dls-
posed to go long and at present offerings
are limited.
The Journal of Commerce says: “Trsde
pened steady, with a notable degree of
firmness manifested in some, divisions of
the cotton goods market. The inability to
drive cotton to ss low a point ns sorno
buyers expect *1 to see It has had the ef-
feet of stiffening sellers, and they were
more free in their expressions of n stronger
market in consequence of the well sold
conditions of many lines "
New Orleans. Sept. 5.-L!verpool 4®5
down Is surprisingly poor. An advance of
107,319. against
In 1004.
Wnxnhatchle,
temlter 4. 85.999, August 31, 80,711.
comparisons last year.
Estimated receipts tomorrow:
No
1906. 1906.
..1.J00 to 1,800 1.641
..7.000 to 8,000 10.866
..8,000 to 9,000 7,265
At the dose, the tone was steady, with
Sen Orleans.
Galveston.. .
Houston,
irioes 5#7 points below the closing ot
prices v
Tuesday.
SPOT COTTON MARKET.
Liverpool, business moderate, with prices
steady; aiM lling uplands 5.3Sd; sales i""‘
American 4.6W; /.peculation nnd export
receipts 5.M0: American 4,300.
Augusta, steady nt 9 3-lw.
Msvannnh, steady at 815-16c.
8t. I/nils, quiet at 9%c.
Norfolk, stead/ nt 9%c.
Houston, steady at 9 3-16c.
Galreoton, steady nt 9%C.
Memphis, quiet nt 9%c.
Baltimore, nominal at 9%C
Charleston, steady- at 8%c.
Mobile, quiet at 8%c.
Wilmington, nominal.
TODAY’S PORT RECEIPTS.
The following tubie oho nr* receipt, at th.
port, today, compared with th. urn, day
last year:
Mobile
Hnvannnh. .
Charleston. .
Wilmington. ,
1698
7288
INTERIOR MOVEMENT.
The fallowing table shows receipts at the
Interior towns today, compared with the
same day last yean
Houston. . .
Augusta. .
Memphis. .
t*t Louis. .
Cincinnati.
Total.
last year and 79,748
...........v,,.c, Tex., wires as follows:
Rained here yesterday evening and nil
night: still raining, a slow drizzle."
Market steady nt opening decline, it be
ing feared that tho general rains may
cause further damage reporta to come in.
Ensttrn forecast indicates fair weather
tonight and showers tomorrow for Ala
bama. Mississippi and western Florida.
Itnlnneo occasional rains tonight and
Thursday.
The western forecast Indicates fair
weather tonight and tomorrow for western
Texas, and partly cloudy, with probable
showers ;n the balance.
Tho map shows general rains throughout
with clondv condition* prevailing. Con
sidered unfavorable, although rainfall is
light.
Private Wire to Ware A Leiand.
New York, Hept. 6.—Liverpool futures
opened easy unchanged. At 12:15 p. m..
S©4 down and quiet. Bales, 5,000 -spots 2
tip nt 6.38d. Futures dne to come 405
expected on Liverpool,
was pretty good by bulls who Itougbt ___
advance yesterday. Commission houses
bought. There was nothing very special
Caroenter picking up considerable Decem
ber. Market acts ns though It might work
p a little.
New Orleans. Sept. 6.—Cables are sen-
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 recogulzed au
thority in his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
New York wires: "The action of Liver
pool shows plainly that yesterday's spurt
was manipulated by local holla, and that
no sympathy or assistance may be ex
pected from abroad.”
Liverpool rabies: "Neither the spot de-
,mnnd nor the speculative demand strong
enough to sustain prices. This morning's
developments simply ahbw the namfwnoM
of the speculation at present."
According to exporters, the Interior Is of
fering cotton freely gt very. reasonable
prices. One exporter says that he has
bought Liverpool good middling. Spot de
livery In Savannah 2 points on October.
The market la dull, but steady. The gen
eral opinion seems to he that the crowd
In New York, who are manipulating the
market, will put prices^ up. but that or.
anv material advance the market will be
n sale for good profits.
“ * — — *n New Orleans Is
•47 !nst year. The
amount of cotton on shipboard Is 2,679
bales, eaglnst 5.649 last year.
Washington wires: "Cotton glnnlrtg re
port will he Issued on Monday, the 10th,
at 2 p. m.”
NAME OF STOCK.
Amalgamated ('opper..
Atlantic Coast Line. ..
American Sugar Uef. ..
Anaconda
American Locomotive..
do, preferred. . . .
Amer. Smelting ltef. ,
do, preferred. . . ,
Atchison
do, preferred. .
American Cotton Oil. .
Amer. Car Foundry. ..
Baltimore ,V Ohio. .
Brooklyn Rapid Tran..
Canadian Pacific. . , .
Chic. A Northwestern..
Chesapeake & Ohio. . ,
Colorado Fuel it iron..
Central Leather
do, preferred. . . .
Chic, it Great Weit'n.
Chic., MU. k St. p. . .
Delaware & Iludsou. .,
Distiller's Securities. .,
do, preferred. .....
General Electric. ....
Illinois Central
Amer. Ice Securities. .. •
Louisville k Nashville.. •
NAME OF STOCK.
.....lonat Lead
Northern Pacific
New York Central
Norfolk ic Western
Pennsylvania, . *•,.....
People 1 * Gas
Pressed Steel Car
do. preferred .
Pacific Mall. ..........
Republic 8teei
Bock Island
do. preferred. . • . ,
United States Rubber.
do. preferred
Southern Pacific
Southern 'Bailway. . . .
do. preferred. • • • «
Tonn. Coal k Iron. • . •
Texas A Pacific. . . . • «
Union Pacific
United States Steel. . 4
do. preferred,
TIPS FLASHED
From Wall Street
Private Wire to Albert & Cl nr.
New York, Sept. 6.—Our London
apoudent rabies us ns follows: "Four hun
dred thousand pounds of gold Just ti
from Bank of England, and probably
National City. Opinion is that thla Is only
beginning.'*
Bunks have lost 34,455,009 through sub-
trenaury operations since Friday.
Do not see anything new. It all de-
ncuds on this money market.
Tills begins to look like u tight money
NEW YORK.
Closed steady.
LIVERPOOL.
Following tablo
dose, compared *
Futures opened
Jan.-Feb. .
Feb.-March...
March-April. ,
gives opening range and
Ith yesterday’s closing:
oulet and steady.
Opening Previous
Range. Close. Close.
. . .6.06-6.03 6.03 5.06
. .4.96-4.80 “
....4,95-4.91
. . .4.98-4.93 _
..4.96-4.92 4.91 4.86
* ..4.98-4.93% 4.93 4.98
. . ... 4.96 6.00
. .6.00-4.97*4 4.97 6.02
,.4.19 4.99 6.03*4
. ,.5.06-6.01 6.00*4 6.06
1:5? t:S8t
4.91* 4.94*
NOTES ON GRAIN
Pointers on Provisions.
•SB
yield of cotton
THE PAST SEASON
{•0. August 31. 1906, nceonlfng to Secretary
Jb'iirv «•. Hester of the New Orleans Cot*
!?Sr*« t - rh ? ,, r' foot " «P 11-345.088, against
j™* 85 aHt 50ar aud 10.011,000 the year
Holl.iwing Is the production by states In
thousands of bale*:
1905-6. 1904-5 1903-4.
1,389,009 1,479.000 1.003,009
635,000 905,000 706,000
KO.0OO 89,000 55,000
, 1,900,000 1,076.000 1.326.000
!««««&« 625.000 1.100,000 824.000
Alnhnmn.
ArknnKns
Hwrliln. ,
“woffl*,
\,i_ « I *.***• D.J.W'I J.1W| v AaF
• . . 1.235,000 1,777.000 1.387.00
Carolina, - casann rrsoan fiiCLano
Tsun. f.
Total crop.
. 734,000 775.000 663,000
»Hnn. . 1,175,000 1,200,000 826.000
6(7.000 691,000 461.000
3,026,000 3.5S4.0W 2.876,000
11.346,000 18,566,000 10.011,000
THt DRY GOODS MARKET.
eSl?' J-ISv ••—The wholcule .try
IJ? J J** 11 * n 10 *'*’ «>f less qnlet after
Iti .!» L'! ajr ' s< *«» ft nable weather la having
o(J B55 ° n starting tho retail fall trade
honipi./j nnd reflection of activity at
trX *" In the ncttvlty of the Johhlng
Ini 11*1°i l ,,p nnml»er of buyera here.
UVlX™ 1,1 m0n ' 9 war Is over and
arn ilm n,n " * r ° w rll sold up. Drew glints
Wixilln! th*® a year ago In both
«n<l worsteds.
New Orleans. 8ept. 6.—Options. In Liver
pool opened easy and unchanged, but m-
medlntely n decline aet In which, owing
to tin- nlmenro of nny rtomnnn for .pot
cotton nml the llqiilrtntlon. in n narrow
market of the Ions Intercut, entmed n net
Ion. on tho clo.0 of 3 point, rirer ye.tcr-
ilnr. Kont .nle. were B.DOO h.te«. 2 point,
hlcher. Price. In the American market.,
to conform with the dlwnpolntln*. eour..
of option, nhronrt. .hnweil a markedI <le-
dine on the opening, n decline from which,
de.plte the fairly .toady Imylns to clow
short commitment., hut little Improyement
occurred. The nbeenee of- nny mnrked fea*
Hire tended to confine price eh.nse. with
in exerallncly nnrrow limit., nnd cron the
cenernlly wet Hi«P "ml pro«pect« for a
.form on tlie South Atlantic eon.t erenlotl
only paft.tns Intere.t. The een.n. .report
will he Ig.ned on Mondny next nt 1 o;r oek.
onr time, and In connection with thla It
I, Intere.tlnc to note the fltntre. of com-
p.rluon n. emltodled In Ite.ter . report with
e.peelnl reference to the receipt of new
cotton to snpteinher I. For.the jtrnwth of
IM-IMR, 11*7.314 hale,: for that of 1308199!
78.431 hale, nnd for tlio hnmner crop of
1904-19«. 79.748 hale.. ,Tho*o flsure. natu-
rally irlye yl.e to eon.tdernhlo .poenlntlon,
nwln* to the henyy Inereaw this yonr orer
nrevlou* yenr.. Tho condition report tflll
likewUa I><• pnljlsljed 3j|gda?. m»»_honr
earlier, and until the.e official Wntement.
ora mit of tho way. It l« unlikely Hint
any radical chnn*e In market price, will
occur.
WARE A LELAND’S DAILY
VVAHE * l -gJj |LY cojTOht LETTER
. New Orlenn.. Kept. ».-The ajittim market
wn. dull nnd In n woltlinr nttltndo toddy.
Th<* government nt Wn.hlnston announced
that the report on the amount of oo*tp n
etnned, nrlor to Heptemtier t would ho In-
aneri nt 1 o-eloeh. onr time, on Monday nmit.
nnd that the report on the eondltonofeot;
ton on Anna*t 28 would he Imped nt 12
o’eloek. our time, oir the name day. Nat
umllv the tendeney won to .horten .all un
til thene report, were out of th« way.
I.tyerpool entile, were itnfnrprnhle eupn*h
to have .cut price, considerably lower than
they did go. hut n rather large nrofe«*lnnnl
foliowlnc .eemed to l>e worklnc to put
price, hlcher whether condition, wnrranred
higher price, or net. nnd thl. payed the
market from hresklnc very badly around
the opening, when Llyerpool Price, were
about 5 point, dawn Instead of .bout 8
nolnta up. a. wn. due on the flnetnatlon. In
the Ainerlenn market, yenterdny. t^ahle.
.aid flint the market wn. nffeeteii ndvernely
by Ml, wiling out nnd nine by the ore..-
lire of actual cotton. The fejnlt of th* te-
fiiMil of the American market, to nrnpond
to the deprc.lon aero., the water e.tnti*
Itaiied a parity l^ween | "cMior nn.l Orbi-
lier-Novemlier of W point;. A while .go the
nnrltr wn. a. high a. irt* p n lnt., nud f'- r "
long time It wn. nronnd 36 nnd later around
HI which permitted exporter, to do bud-
neM nt a comfortable margin. The nren
ent tendency*I. to get the market, of the
world out of line with eoeh other, which «
hnrdly n Imllliti argument, enpeelnlly at tht.
time of the yenr. The weather In good
enough, heeordlng to the old ntyle wny of
thinking, fen.lder.ble rain wn. reported
oyer the belt nnd n.rtleulBrly In Texnn.
Aeeordlng to'the bnlln, wet wenther nnd
lioll weerll nre enttlng fnto the Texss yield
yery badly, but there are ether, who think
differently. The neml weekly .t.tement of
the morement at thirteen Interior town.
GIBERT & CLAY
*• *• ALABAMA I
STOCKS BONOS
COTTON. GRAIN.
COFFEE. PROVISION'S
MEMBERS!
ATLANTA Mi
JChlcsgo Besrd of Trade.
It pAffSB - 4 ** 1
v MCMBCRSl
Exchanga.|Ntiv Orleans Cotton Exobangv.lC
I or ^ Cotton Exchange. N«*w Orleans Stock Exchange. L
*w York Coffeo Exchange.(New Orleans Board of Traat.|(J
. , ^ . 1‘rivnte Wires to all Exchanges. _ A _. M u _ a<iaiL
and Lona DlsUnse Tslephono 5298# W* R- FAGAN» Managarw
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
Prirata Wlrs to Wnro & Leiand
Chicago, Kept. 6.—Wheat showed decided
weakness yesterday, and was a great dis
appointment to the bulls. It may work
soino lower today.
Receipts of corn are growing liberal, and
we believe there will be a free movement
of old corn before the end of the month.
Offerings of wheat not very free, and a
little demand from few local shorts has
started tho market np. A.rally is in order,
but should be sold when we get it.
Wheat shows no selling pressure so far,
nnd the undertone Is good. Should we get
a break today it will come mostly from
short selling, and will afford a hard spot
to bay on.
Trade very light In wheat, but there ap
pears to be some May wheat for sale. Pit
traders Inclined to play for a reaction.
Think Nash and Wright are selling some
May corn this morning. Brokers haven’t
given up names yet Rankin Is also selling.
Oats opened a shade easier on selling of
December nnd May by cash houses; buying
mostly by commission houses on resting or
ders. Market now steady and trade light.
J. H. Wrenn a fnlr.lmyer of May oats.
Provisions opened steady at closing prices;
The market looks weak nnd as though it
might sell off a little. Offerings scattering
with demand light.
Chicago Inter-Ocean: Investors were
not so anxious for cash wheat yester
day, and elevator people appeared to hare
recovered from their scare of Saturdny,
being less afraid of losing their wheat.
This was shown by their open selling
of Beptemlwr wheat on the bulge, nnd
after prices had turned down the spread
between September and December, helm
2*4c nt tht close. Elevator people dellv
ered 250,000 bushels of wheat In the morn-
lug. It going from one houan to another,
and put out ngniu in the afternoon. The
tgregate deliveries late In the day were
5.000 bushels sent out by Armour.
Cash business in wheat In Chicago Tuen
ds y was 27,000 bushels, corn 80,000 and oats
115.000.
At tha seaboard, export sales of wheat
were 160,000, com 34.000 and oats 60,000.
The glucose intereata were In tlie snm
pie market for corn yesterday, pleklng up
nil tho mlied lots at l*4c on track. Ship
pers took the yellow corn at 2'4©2V4o over
SentemlMT, the hulk of the sales be! “
6\c on track. These premiums are I
ing country shipper* to connifcn their
rather than sell it on track bids.
A vote on the proposition to return to
the old rate of commission of *4e and to
place traders for coinmlslnon houses, on a
snlirv is to be taken today. It Is ex
pected thnt the vote will f»e largely
against the change. Those who prnpered
the measure — **■“'-
expression
NEW ORLEANS.
tures in New i
Kept
Oct
No v
Dec
Jan
Feb
March. . . .
9.83
19.07-09
9.06- 07
9.07- 09
9.06-09
9.16-17
its
I 9
_ 2004
and Southern Pacific today.
Buy St Paul. Union Pacific and Southern
Pacific on w»nk spots. Sell Brooklyn Rap
id Transit nnd Colorado Fuel aud Iron on
bulges.
The market t<*dny should be a' strong
one, mid particularly so should call money
be less restricted.
Market entirely dependent on money
market Just uow. If relief is forthcoming
promptly, we expect to see stocks work
higher, but we can not hare a contin
uance of upward movement with 25 per
cent money.
The New York Financial Bureau says:
"Conservative neutrality la the best ad-
vice we can ulve thin morning. There
should be specialty movements, of which
alert traders will get n slice. Money
governs. On severe money breaks, we see
uo reason, therefore, why good stocks
should not be bought for n turn. Every
thing else favors it. But they enn not
put un the market, hold it nud distribute
with nigh money. Developments over
night nre not of n kind calculated to In
spire confidence In the outside element,
which waa seared out on the 30 per cent
money in the late afternoon. Tue mar
ket waa temporarily oversold. It rallied.
The shortage was eliminated. What elan
could happen with money soaring. Higher
dividends we expect later, so we anticipate
denis. And we do not believe that. In an
ticipation of them, the market will let
down under nny conditions short of a
calamity, but wo do believe in not buying
on bulges like that of yesterday, nnd get
ting hung np. W© are for the daily opera
tor first, last and all the time, and we
are conscientious about It, regardless of
criticism. Conservatism In Wall street
na well as any place else. Mean-
follow the neutral trading position
STOCK MARKET
OPENED STEAD!
A Majority of List Showed
Small Fractional
Declines.
ONLY' FEW ADVANCES
Money Situation Was Still
Dominant Factor, Call
Rates Going to 25.
SOT
9.13- 14
9.14- 13
9.14- 16
9.22-23
Closed quiet and steady.
WHEAT OPENED
FRACTION LOWER
Due to Poor Cables and
Good Weather in the
Northwest.
By Print* Loaaod Wiro.
Chlo.fo, Sopt S.- -Tli* .rhrat bull, wore
Id tho t.ll tlmbor today. Prteo, olowd
HOHo lower for tbo d,y, anil .round the
bottom prior, roaehod. A Btoomb.li oabl.
rmlrod Into mid:
Ru.rian weather fln«: arrival, ot wneat
abundant; quality bottor.” Thl, earned
•onto selling.
Corn doied H8S0 off; oat, w»re down
ttOHe, and proTl.lon, were up Irregu.
lnrly.
Primary rooolpt, of wheat were 630.000
l-u.hel, and corn 791,000 hnihola, agalnat
384,000 and 909,000, rnpoctlroly, a year
ago
->«rnncei wore 234,000 bu.hd, w
NO bushel, corn and 121,000 bushel.
corn nnd 110,000 bushels
to seek
„ trod©.
The annual corn Inspection tour lit the
vicinity of Lincoln, Ills., given by Bpoll-
man and Bpltloy, wa. hold during the
l.Kt three dny«. Export, a. to the condi
tion of corn vary, but ino.t of tbo men
admit thnt tho .tnnd of corn. I, Irregular.
Htnek. In elevator. In Chicago: Wheat
13.707.000; corn 646,000; oat. 4.473/W0.
Contract .took. In Chicago: Whet ft.
371.000, corn 109,103. oat, 1.600,882.
The feature of tho world', ahlpmont. of
wheat In.t week wa. the dooreaM In llua-
.1.11 ahlnm.nt. nnd the InoreaOo In Amort-
run Rua.U .bow. a ileOronM of 900.-
000 for the week anil 3.134.000 from lint
veur'.. while American .blnmenta Increnacd
1,630.000 for tbo week owl 3.264.000 from lint
yenr*. figures
Private Wire to Olliert ft Clay.
Chicago. Sopt. ft—Wo continue to fool
friendly to tbo long .Ido of wheat, cape-
dolly on reooedon..
Ill fBOTH# i .
Think provisions a purchase on any fur
ther decline.
THE COFFEE MARKET.
New York. Kept. S.-Thc New York cof
fee market opened ateady nt unchanged
prlcea to a decline of 6 |>»lut., or n little
hotter than expected. In view of the lower
Bumiieon enhlea and heavy llrailllan re-
elnta, but the market turned enaler dnr-
ng the morning and by midday.wan nome
64*10 point, net lower. Later the market
rallied partially. Trading wa. moderately
active and Ifqntitntloo by Mali itrcet again
the feature.—tllhert ft Clay.
Following I. the Owning range and cloae
of the New York coffee market for to-
‘* Ir ' Opening
- 1 binge. Cl
3 r.-3.J0 , i.
.....nary ftlM.39 *
CHICAGO GRAIN MARKET.
for today
Open.
WHBAT-
Kept.... 47%
May....
GATS-
Kept
44
FI!
PORK—
Kept.. 11.42* 13.45
Jan.... 13.90 13.90
LARD—
dept.. 8.55 8.86
(let.... 8.66 8.7214
J^h„. LI714 7.9215
Hnnt„ ^66 I.72H
Oct.... 8.57V5 8.60
Jan.... 7.25 7.2715
CAHfl WIIHAT-
No. 2 re.1 71’>075!
bard winter 70(5071
ftff*
NORTHWEST CARS.
June
July..’
August
September
October
November
December.
Closed steady.
. . ..6.16
. .. .6.664.63
6.66
6.79
.. ,.6.054.06
. ..6.094.06
.. ..6,064.15
.. ..4.20
9.464JW
6.69-6.66
IM4.90
6.604.46
6.04.76
6.04.00
6.094.0
6.04.16
6.164.29
THE 8UGAR MARKET.
By Frivate Leased Wire.
New York, Kept. 6.—Loeal refined and do-'
mestlc sugar steady and unchanged. Lon
don sugar steady wlth Keptember an
ber unchanged to 9s %d and 9a 4%d
tlvely.
Minneapolis.
Today. Week. Year
CHICAGO CAR LOTS.
Wheat.
Corn. .
Oats. .
Hogs. ,
Todav. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat—Opened *4fi%c lower; at 1:80 ...
m.. was %6%c lower; closed *40%c lower,
i—Opened %e lower; nt 1:30 p. m., %
PRIMARY MOVEMENT.
Wheat—Receipts 513.090 bushels, against
164.000 bushels last year; shipments *91,000
bushels, against 470.000 bushels last year.
t’orn—Receipts 891,000 bushels, against
90.000 bushels last year; shipments 664.-
00 bushels, against 492,000 bushels last
year.
THE METAL MARKET.
By Private Leased Wire.
New York, Hept. 6.—The metal markets
are decidedly firmer In tone. All grades of
copper were advanced !
within 19 cents for beat
near-by deliveries Impron
Lead sod smelter ruled steady.
TEXAS CONDITION
ADVANCED COTTON
, Now York, Sept. S.-The
"Chiefly owing to report, of
In the crop In Tex., prion advanced.
There Mom. to lie a oou.ldoralile concur
rence of evidence on tho question of an Im
pairment of Texae oomlltlone, tho only
ijue.tlon being whether It le In reality any
gveater than uaual. The New Orleana
Tlmea-Demncrat onme out rather euipbatl-
enlly on the inie.tlon of Texa, deteriorn-
t'o'i. .taring that there waa a dlatlnct
falling off In the condition of tha plant In
that .fate, Thla atatement' affected not,
only NeiV York and New Orleana, hut
Liverpool r.otlraably, and really had a,
much ae anything to do with the advance.
It aeoms confirmatory of tho atatemont In
the monthly report of The Journal of
Commerce to the effect that the deterlora-
In Texae emounted to nearly 8 nor
Thou tho aonllnreatern recelpta foil
SS ....... „
with eye* open for specialty advances.''
Private Wire to Ware it Lefand.
•New York, Sept. 6.—London firm
Ik of further gold engagements
expectations that Secretary
Shaw will come to the relief of the money
market In the way of government depos-
the good stocks can bo bought with
the exercise of conservatism Judiciously
applied. There la bullish talx on the
Iinrrlmsn Pacifies, Atchison. Baltimore and
Ohio, 8t. Paul, Hteels and Copper. Would
advise taking on the two latter; also, some
Inlying, rho south. Including Texas peo
ple, bought. Take It ill in all, It was s
day when there was greater anxiety to
buy than to tell, and the result was plain
ly visible In the quotations. As the short
interest Is Urge, the advance may easily
go further should the rain keep up in Tex
as and reports of damage from that state
and elsewhere continue to l>e received.
The general run of cotton people, however,
believe that the crop I* doing well. They
New Orleana, Kept. 6.—The TImos-Dem
ocrat: "Cron news over tho holidays work
ed against the bear cause, nnd with every-
iKHly seemingly wilting to embrace the dog-
mn thnt a reaction was due, yesterdays
advance in the world markets came ns a
matter of course. Secretary Heater's
figures showing mill takings of American
cotton to have beert more #.iau 12.000.000
bales, while consumption exceeded that
quantity hy upward of 100,000 hales, fully
met logical expectations. Thus, it was
proven the world's ability to absorb fuore
American cotton than any one a few years
ago believed the Southern states capable
or producing with Its labor supply, and
cottou, our
mark. Tbs
„ yet an open
question, nnd the talent must tire of the
blind lmrgn!n. Glut Is merely a remote
possibility. Knough Is probable. But pro
ducers' resistance to low prices and apln-
nor*' ability to pay current valuea or more
'or tne new season's supply would seem
o put the burden of futnre fluctuations
m the bear once the trade In general shall
inve abandoned the Infallibility of the
lenrlsb vlow that even now prompts the
peculator to regard every reaction ns
othlng better tjjau an Improved selling
as!*. Meanwhile, the situation can haWly
lear op before the movement, trade re
tirement and broad gnuffe speculation
..evelop. At the moment, the dally fresh
Interest is too atnall a thins on which to
base Intelligent calculations.”—^Ware A Lo-
ago neueveu me- nomnern sin
ot producing with Its labor i
because of the high price of
exports reached high water r
THE COTTON SEEP OIL MARKET.
New York, Kept. Kept. 6.—The market for
cotton seod oil was moderately active nnd
very firm. Offerings were light, and there
wa* good bidding for both near-by and for
ward deliveries. Tenders so far on Ken-
teniher contract* have been small—due. It la
claimed hy bulls, to the scarcity of snpplfes
here, and the outstanding long Interest Is
claimed to bo of quite fair proportions. Ad
vices from the South did not indicate any
anxiety to sell seed or oil, and this gave a
good deal of confidence to the bidding for
forward deliveries. The market at the dose
was quiet with prices unchanged to %c
higher.—Ware k Iceland.
Owning. Closli
September
October
November. •••••.
December.
January
March 3Q%<
Closed steady.
Republican governorship ticket elected in
Vermont over fusion candidate.
Proceeds of Pennsylvania sale of naitl
tore and Ohio and Norfolk nnd Western
ill probably be used for completion ol
New York tunnsls.
Stocks plentiful in loan crowd.
Buying of pig Iron and steel continues
large with premium for early delivery.
ljondon market steady, nnd money con
tinues easy in splto of American demand
for gold.
Further considerable gold engagements ex<
peeted.
Atchison directors meet today. No dlvl<
LIVE 8T0CK MARKET.
By Private Leased Wire.
Chicago, Sept. 6.—Hogs—Estimated re
celpts. today 31,00. Market 5©10c lower,
qunllty fair; left over 4,423; balk 35.7001.15;
estimated receipts for tomorrow 80,00;
light hogs 35.9006.37%: mixed t5.6S06.3S;
r KfSW&* c ‘ B; ple *
Cattle—Receipts 27,00. Market steady to
10c lower: qunllty fair; l»eeves 33.7506,80;
cows 3t.25Q4.25; heifers 82.2506.25: calves
35.5007.75; good prime steers 55.2506.80:
poor to. medium 33.7606.25; stackers and
feeders *12604.80.
Sheep—Estimated receipts 84,00. Market
steady; quality fair; native 32.2606.65;
western 33.2S0&66; yenrliugs $5.600440;
lambs I4.BO07.W: western 34.5007.0.
MONEY ON CALL.
Money on call: Open 17; high 40;
low 17; close 30.
By Private Leaned Wire.
New York, Sept. 5.—The market
made more of a response to the in
creasing money tension today than It
haa a*t aijy time on the recent move
ment. According to now familiar cus
tom early in the trading, the prices
were attractively "fixed" by manipula
tive orders from this side, gains of a
point or more being frequent. But this
expedient failed to have the same suc
cess that has attended It on the pre
vious days. Our market opened very
unevenly and as a rule decidedly low
er. For a half hour it held compara
tively steady, and upbidding of Read
ing, Union Pacific, St. Paul and Atchi
son was attempted in a half-hearted
fashion. But it was soon evident that
liquidation was quietly pressing on the
market from outside sources, and this
pressure was intensified when the open
ing of the call money market showed
no signs of a let-up In the strain.
Practlcally.no loans were negotiated
during the morning below 20 per cent
and quotations ran up at one time to
26, The banks reported a total outgo
at the sub-treasury for tho week so
far of 34,455,000. On the other hand,
cable advice reported the withdrawal
of $2,000,000 gold from tho Bank of
England on American account, but
there was much doubt as to whether
this was not largely, If not wholly, In
cluded In the transactions which were
known about yesterday.
Prices rallied a trifle on the an
nouncement, but at 11 o’clock were still
materially lower on the day.
The stock market opened steady
with a majority of stocks showing de
clines ranging from 1-8 to 11-4 per
cent, the last in Colorado Fuel. Erie
common and Smelters lost 1-2; Bal
timore and Ohio 5-8, Southern Railway
8-8, Steel common and Chesapeake and
Ohio 1-4 per cent. Southern Pacific
and Pennsylvania advanced 1-2, and
Brooklyn Rapid Transit 1-4. St. Paul
and Reading opened unchanged and
each advanced 1-8. Great Northern
preferred was unchanged.
LONDON STOCK MARKET.
HTOCK-
Aiiscnmla..
Atchison
Usnadlnn Pacific ..
Chic., Mil. and 8t. Paul....
Erie..
Illinois Ctntral.,
toiilsYltlo and Nashville,
tending.. ,. „ .. .... •
'eiinsylvnnia.. .. .. .* ..
Uoiithern Pa rifle.. .. .. .. .
Union Pacific
United Ktates Steel.. .. ..
ilo, preferred.
I 1 ll’rv.
'2 pmiClosICIos
107 ty 107% I1CS
*"6% 176 1177
8% 189% 1R2%
46';. 4*iy 47
174'/j 173%. 175
149% 14KX 4 l.V)%
l.m 2 IP'%,IX)v;
143% 143V114%
91% 91 %l 92%
■92% 193 I
4<*.V 4tf | 47%
107% jl07% 107%
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.
SOUTHERN EXCHANGE
OiilMt Established Office South.
COTTOI—STOCKS BONOS GRAII
Ground Floor Gould Dutldlng. Dally
market letter end market manunl
moiled on opiillcotloh.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
RCFERCNCC, THE NEAL DANK
PHONC1417. PRUDENTIAL DLOC
Frank Hawkins, President.
H. M. Atkinson, Y. P. Tnomns O. Erwin. Asst. Cashier.
Joseph A. McCord, Cashier. R. W. layers, Asst. Cashier.
Third National Bank
Capital
Surplus
5 r. A. W. Cnifcotin.
IIton Dargan.
John W. Grant.
H. Y. McCord.
$200,000.00.
$300,000.00.
DIRECTOR8I
Frank nawklcs.
H. M. Atkinson.
Joseph A. McCord.
J. IL Nunnaliy.
J. Carroll Pajne.
I*. R. Rosser.
David Woodward.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi
annually inourSavingsDepartmeitt.
without the Inert*.*.
COTTON^GRAm, ^ROVISION^TOCKS^BONDS,
He. 2 Wan St., Pften Building. Atlanta. Ca.
- MIMBUS:
Hew Tsrft Catlea taelaage. Chicago Beard ot Trade.
Hew Otltaat Cotton tachange. Chicago Stock tachaege.
thereto! Cottaa Aueclallen. . Ben York Coffee tachango.
Private IViret to Hew York, Hew Orleoat, Chicago. * **
Bon Phoae 1262.
f. C COTHRAN. Manger.
Standard Phoa
Safe Deposit Boxes
■ For rent in our caulls 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 lo call and inspect them.
Title Guarantee and Trust Co.