Newspaper Page Text
m
THE ATLANTA GEORGIAN.
11
ENGLISH 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 Private Leased Wire.
York. Sept. 6.—The local market at
the atart, while decidedly lower, hardly
matched the wenkneaa of prices at I.lrer-
nool the action of the market there com-
SJteij surprising traders here. The weak-
!L, abroad was explained In private cables
__ .ielng
Ion frail.
k*rc also had
Snil loans had sold ont in Liverpool OTer-
iaiht First price* here wore 12 to It point*
wlr and there was enough covering on
the decline to prevent n full response to the
break In tile English markets.
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbert k Clay.
4fft4uTiR—Liverpool at 12:30 vrti«
i. * e *P p ctptI 4^5 higher,
iriii cablB, . : “Decline due to gen-
cottou*" * D|r 0nd * reer offert * , * B of ■l M>t
j£°H rna ^ °f Commerce dispatch says
tne government cron report*, due on fiat*
^Ajtemher 7. are likely to be post*
foUowlug Monday, owing to
2.^?!*/. tor a conference between the ag-
We win notTfr n.
ten-TOaV
E ntenlar wltd tne expeeuiuou or n
nuance Of the ndvnnce today were
«l a .urprlse this morning Try an
pjeteil decided decline In the Llvt
hand-
uncx*
Llverpool
"Yesterday's advance In the American mnr-
k,.t. railed for an Upward turn of about
I nolnts, and when It waa aeon that It
Ihosed n decline of na ninny point*, the
trade was at a loss to Bud it reason for
the failure- to respond to the bullish crop
ad vires, especially froln Texas, current dur-
luc the trading hour* on thl* aide.
However, It did not follow our ad-
nod oar market waa duo to open at
drrllnes of from 12C17 points. Opening
wires were 13014 point* down, but after
the rail prb ea eased off n few points, after
vhlrh the market turned dull with fluctua
tion! narrow. .... . -
Business Is expected to ho of a profes
sional character for the remainder of the
Irek, the trade preferring to wait the
mbllrttlon of the government condition
and clnaera' report* next Monday, the
rondltlon report at 1 p. m. and the gin-
urn' reimrt nt 2 p. ni„ New York time.
The Interior movement for the half week
ending September 4 Is as follow*: Ile-
rrlpts 33.513. shipments 29,4*0, stock. Be]
tmuber t. S5.999, August 21, 80,712.
coniparlsons Inst year.
Estimated receipts tomorrow:
1202. UK*.
New Orlesns 1.200 to 1,900 1.541
Oalvestaa 7-000 to 8,000 10,866
Houston 8.000 to 9,000 7.265
At the Close, the tone was steady, with
507 point* below the closing of
prices 5^
Tuesday.
SPOT COTTON MARKET.
Liverpool, business moderate, with prices
steady: /uMillng nplnnds 6.38d; sales 600:
American 4.6G0; Apemlntloo and expert 100#
reeelpts 5,000; Ainerlenn 4,800.
Aufiipta, steady nt 8 3-1&.
Savannah, steady at 815-16C.
St. Lonls, qnlet nt 9%c.
Norfolk. stead/ nt 9%c.
Houston, sternly at 9 3-16C.
Galveston, steady'nt
Memphis, qnlet nt 9%c.
Baltimore, nominal nt 9%c.
rhnrleston, stendr nt 8%c.
Mobile, quiet at a%C.
WUiuIngton, nominal.
momeut. t>’lre houses
, - •••••»•* the decline, whllo the
larger room traders are disposed to sell.
Some of the larger local traders are dls*
n?* i. 7. *5° lon S nntl ftt present offerings
are limited.
The Journal of Commerce says: “Trade
opened steady, with n notable degree of
firmness manifested Iff some divisions of
the cotton goods market. The Inability to
drive cotton to as low a point ns some
buyers expect'd to see It lias had the ef
fect of stiffening sellers, and they were
more free In their expressions of a stronger
w» r w| In consequence of the well sob*
conditions of many line* ••
New Orleans. .Sept. 5.—Liverpool 405
down Is surprisingly poor. An advance of
5 nolnts was due.
Receipts of new cotton at the porta tor
of #nil August this year
WWttJ. against 75,429 last year ami 79,748
Tex., wires as follows:
Rained here yesterday evening and nil
night; still raining, a slow drlxile."
Market steady at opening decline, It be
ing feared that the general rains may
cause further damage reports to come In.
Fnsttrn forecast Indicates fair weather
tonight and showers tomorrow for Ala
bama, Mississippi and western Florida.
Ralance occasional rain* tonight and
Thuraday.
The western forecast Indicates fair
weather tonight and tomorrow for western
Texas, and partly cloudy, with probable
showers ;n the hnlance.
The map shows general rains throughout
with cloudy conditions prevailing. Con
sidered unfavorable, although rainfall la
light
Private Wire to Ware k Lelnnd.
New York, Sept. 5.—Liverpool fut
opened easy unchanged. At 12:15 p.
Pretty good demand for cotton lrna de
veloped since opening. Weld. Craig and
Cnroenter pfcktng^up considerable Decem
ber. Market acts ns though It might work
up a little.
New Orleans. Sent. 6.—Cables are sen
nationally unfavorable. Instead of being !
un. ns they were due. there was a de
cline of 5 points In Liverpool. ,
New York wires: “The action of Liver*
pool shown plainly that. yesterday a spurt
waa manipulated by local bulls, and that
no sympathy or assistance may be ex
pected from nbroad.”
Liverpool cables: “Neither the spot de
mnnd nor the speculative demand strong
enough to sustain prices. This morning's
developments simply show- the narrowness
of the speculation at present.”
According to exporters, the Interior Is of
fering cotton freely at very reasonable
prices. One exporter says that^he has
bought Liverpool good middling. Spot
livery In Savannah 2 points on wtol:
The market Is dull, but steady. The gen
eral opinion seems to be that the crowd
In New York, who are manipulating the
market, will pnt prices up, but that on
any material advance the market will be
a sale for good profits. ^ ,
Net stock of cotton In New Orleans is
.2.619 bales, against 38,947 last year. The
amount of cotton on shipboard la 2,679
bales, nsglnst 5.649 last year.
Washington wires: “Cotton ginning re
port will bo Issued on Monday, the 10th,
at 2 p. m.“
GlBERT A CLAY'S -
DAILY COTTON LETTER
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-fire
years* experience of ed
iting markets in Atlanta
and the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper..
Atlantic Const Une. ..
American Sugar Ref. ..
Anaconda. .......
American Locomotive..
d<», preferred. . . ,
Amcr. Smelting Ref. .
do, preferred. . . .
Atchison
do. preferred. . . .
American Cotton Oil. .
Amer. Cnr Foundry. ..
Baltimore & Ohio. . ..
Brooklyn Rapid Tran..
Canadian Pacific. . . . •
Chic. k Northwestern..
Chesapeake & Ohio. . .'
Colorado Fuel k Iron..
Central Leather
do, preferred. . . .
Chic. & Great West’n,
Chic., Mil. & 8t. V. . .
Delaware k Hudson...
Electric. . . .
Illinois Central. ....
Amer. Ice Securities. ..
Louisville & Nash villa..
1UH
JSSVif 135V* 136*4
281 1 274 G | 281
15M
136% 135 Vi
UH** 7 *a| 277
113*21 11341 1134 112 US
1544 l.V) : 1534 1534 152
" DM 1164 11641 116*
106%| 1074: 10'
1164
82
lUlilil 1V?%! lM, -'n. Hid'*
..... | ii*>4 ioo
Cl 4 31V 31% I 32
* — 394
1224
m
33 V 39%
1214; l?14j 121*
i7--\ r f: ‘
NAME OF STOCK.
S'. Y., Ont. & Western.
National Lead.
Northern Pacific. . . .
New York Central. « .
Norfolk & Western. ..
Pennsylvania. .....
People's Gas. ......
Pressed Steel Car. . .
do-preferred. . • .
Pacific Mall
Reading . .
Republic Steel. . . • •
Rock Island
do. preferred. . . .
United States Robber,
do. preferred. . . ..
do. preferred. . .
Sloss-Sheffleld. . . .
Tenn. Coni k Iron. .
Texaa k Pacific. . ...
Union Pacific
United States Steel,
do. preferred.
Western Unlou.
Wabash
do. preferred.
TODAY-6 PORT RECEIPT8.
Tb. following table ahotrs receipt, at tha
New Orleans. . . . .
(faUettou. . . . » ,
Mobile
ftunnnnb.
Charleston
Wilmington. . . . , ,
Norfolk
New York
Ronton
2259
7-661
1693
7283
INTERIOR MOVEMENT.
The following table shows receipts, at ths
interior towns today, compared with ths
•ame day last years
Houston.
Augusta.
Memphis.
YIELD OF COTTON
THE PAST SEASON
Th, rotten cron for the rear ended Frt-
hiiiw.according to Secratntr
;' nr f o. Heater or the New Orleana Cot-
gn Rirhan^., foot* op ll.H6.ltl, agalnit
£f!?rr ' i ,oor t* 1 19>2U,000 the year
lolli-wln* la the production by states la
l * ou »>ads of bales;
ftbama. . . .
Arkansas. . . .
Florida. . .
1'wntln. . ’
J^ulslann. . . .
MlssUsim,! . ,
Carolina.
f'ithtarolina.
1905-6, 1904-5 1903-4.
l.TO.OOO 1,470.000 L000 f j"‘
1.233.000 L777,000 1,887.000
784,000 778.000 668,000
i£S ‘fe 8£ffi
3.028.000 8,534,000 2.876.000
11.346,000 13,566.000 10,011,000
T Ht DRY Q00D8 MARKET.
tSSauSk* *-~The wholesale dry
KT hrtiilK rtc *fc WllB more or after
If* t-ffii! Rfa *°nable weather Is having
off flj! on VArtlnff the retail fall trade
hen’ ,. 1 /' nn .'« the rcfiectlen of activity at
Mt- in , n activity of the Jobbing
Initial '"r* 6 number of hnyers here.
*orSUTiT” ln W 9 U ovcr nna
MHiii * ar * W ?*I sold up. Dress gi^ls
kooiJni , Uw n year ago in both
ns and worsteds.
New Orleans, Sept. 5.—Options in Liver
pool opened easy and unchanged, but 1m
mediately a decline sot In which, owinja
to the absence of any demand for spot
cotton nnd the liquidation, in a narrow
market of the long Interest, caused n net
loss on the close of 3 points over yester
day. Spot sales were 5.000 bales, 2 point*
higher. Prices In the American markets,
to conform with the disappointing course
of options abroad, showed n marked de
cline on the opening, a decline from which,
despite the fairly steady buying to dose
short commitments, but little Improvement
occurred. The absence of any marked fen-
tare tended to confine price changes wltn-
In exceedingly narrow limits, and even the
generally wet man and prospect* for a
storm on the South Atlantic coast created
onlv pnaalng Interest. The census report
will 1*e Issued on Monday next nt 1 o clock,
our time, and In connection with this It
I, Intrroitliie to not. tha flrurfi of com-
narlson as embodied In Ilester a.report with
Mparlal rafarancf to tho rooolpt of now
rot ton to Rontrinnrr 1. For the arowth of
1909-1907. 107.812 b«le,; for that of 1906-1902.
76.425 haloa anil for tho bumper erop of
1904-1906. 79.742 haloa. Thaw tittoro" ""*"'
rally give rise to considerable speculation,
owing to the heavy Increase thl ■year over
previous years. The condition report will
likewise he published - Monday, one honr
earlier, and until these official "tstements
are out of the way. It Is enllkely that
any radical change in market prices will
occur.
WA " UL LXMl»TTER
wa* P anl? r imi n " - n B o P ^itlm?'nf?UnTo^ay.
Tho povernrtent at Wn.hlnatnn annoonrert
that tho report on the nmount of ootton
Klnnnl prior to floptombor 1 wouM ho la-
anrd at 1 o'rlork. our time, on Momlay nrit.
and that the report on the condition of cot
ton on Angnst 25 would be lssned at L
o'clock, our time, on the Mme dsy Nnt-
nrallv the tendency waa to shorten Mil un
til these reports were ont of the way.
Liverpool 'cables were unfnvnrnhlcenongh
to have sent prices considerably lower thsn
they did go. bnt a rather large professional
following seemed to ho
price# higher whether conditions warranted
»•»! arm! do. pn
Total atock an lea l.iafcMo iha
TIPS FLASHED
From Wall Street.
rrlvnte Wire to Glbert k Clay.
New York, fiept. 5.—Our London corre
spondent cables us ns follows: “Four bun
dred thousand pounds of gold just taken
from Hank of England, nnd probably for
National City. Opinion la that this Is only
l*ejrlmilng.“
Ranks have lost $4,455,000 through sub
treasury operations since Friday.
Do not see anything new. It all de
pends on this money market.
This begins to look llko a tight money
stock market.
London has been a good buyer of Union
and Southern I'nclflc today.
Buy fit. Paul. Union Pacific and Southern
Pacific on weak spots. Sell Brooklyn Rap'
Id Transit and Colorado Fuel and Iron on
bulges.
The market today should be a strong
and particularly so should call money
money
__ icoming
promptly, we expect to see stocks work
higher, but we can not have a contin
uance of upward movement with 25 pci
cent money.
The New York Financial Bureau says:
"Conservative neutrality Is the best ad
vice wo can fclve this morning. There
NEW YORK.
The following Is the range la cotton fu
me following is the rai
lures In New York today;
Sept.
Oct. .
Nqv. ,
Dec.
Jan. .
Feb.
March.
9.26
lay. . . .1 9.34
Closed steady,
Ma;
all i!
8.93 8.9? 199-01
' “ 9.09 9.09-10
9.1S 9.96-89
9125-27
9.82-83
X. 72-74
8.96-97
9.06-07
9.16-17
9.28-26
9 J0-32
9.38-39
9.401 9.40-411 9.46-47
LIVERPOOL.
September....
Sept.-Oct... 4
Oet.-Nov. . .
Nor.-Deci. ..
Dec .-Jan... .
Jan.-Feb. .,
Feb.-March..,
March-April.
dpehlng
Range. Close.
.. ..6.06-6.02 ‘
. .4.96-4.90
• *4.98-4.90
.. ..4.93-4.92
. ..4.96-193
.. . .4.98-4.9$
revious
Close.
6.03 5.06
4.98 4.96ii
191 4.94’
4.914 4.94'
111
ul
. ....... 188 ....
.6.00-4.974 4.97 5.02
..199 4.99 6.034
.45.06-5.01 6.004 6.06
4.96
4.98
5.00
NEW ORLEANS.
tures In New <
Dec. . .
Jan. . .
Feb. . .
March. ,
5 12
9.02
9 07
9 04
9.00
9.07
9.00
9.06
‘o.ai
TlO
Tos
T(5
9.14
9.18
9.13
9.16
•»:a
Tl29
‘ass
*9128
9.07-09
9.06- 07
9.07- 09
9.06-09
9.16-17
m
9.14-16
ttt"
Cltxml qulot and ituadr.
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware k Lelnnd.
Chicago, Sept. 6.—Wheat showed decided
weakness yesterday, and was a great dls
appointment to the bulls. It may work
some lower todsy.
Receipts of corn are growing liberal, and
we believe there will Ije- a free movement
of old corn before the end of tho month.
Offerings of wheat not very free, and a
little demand from few local ahorts has
started the market up. A rally Is ln order,
but should be sold when we get It.
Wheat shows no selling pressure so far,
and the undertone Is good. Should we get
a break today it will come mostly from
short selling, and will afford a bard spot
to buy on.
Trade very light In wheat, but there ap
pears to be some Msy wheat for sale. Tit
traders Inclined to play for a reaction.
Think Nash nnd Wright are selling some
May corn this morning. Brokers haven't
given up names yet Rnnkln 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 fair buyer of May oats.
Provisions opened steady at closing prices.
The market looks weak and as though it
might sell off a little. Offerings scattering
with demand light.
Chicago Inter-Ocean: Investors were
not so anxlons for cash wheat yester
day, and elevator people appeared to hare
martrt "AST &•'
Inn. whan ClT.rpool prtc**w* r S
point, ilnwn ln*t,*o,l of anotit 6
......... .... *■ waa dun on tho flnntnatlon. ln
tho Amorlonn markota' T«Ltord*r. Pablo,
aald that tho markot waa atr.otod adTnrj.l,
I. T hull, oollln* out and alao hr th' nroM-
tiro of actual cotton. Tb* renit of tho ro-
fitanl of the American market* to Nm»«
to the depreaaton aero.* the water eiitah-
II. hed a P"ritr lietwoea Ocmher and Octo-
Iter-Noremher of 7S point;. A while**" the
naritr waa aa hl*h *a ill prtntjh an* f«r «
Ion* time It wa. nroond 26 nnd later around
SS. Which pennlltod oxportor* to do hu«|.
nraa nt a comfortable martin. The nr«-
ent tendeper la to art the market* of the
world ont of line with each other whlrh .
hardlr a hnlllah ar*um*nt, cpectallr at thl;
time of the rear. The weather I* *oo.|
nnonirh. hccordln* to tho old at.rlo way of
thlnkln*. Ponatdorahlo rain waa mnortod
over the lielt nnd portlrnlarly In Texn«.
Accordlnr to the hulls, wet wMther nn,
Iwill weerll are outline Into the Texa* yield
yery badly, hut thefe are other* who think
dllKrently. Tha aeml-weekly «t"tem«tt of
the morement at thirteen Interior town*
GIBERT & CLAY
*• t ALABAMA BT.
STOCK •. BONDS,
COTTON. CRAIN.
CO FFCC. PROVISIONS
ATLANTA. OA.
-. MKMBCRIi
Krw Bxehange.|New Orleans Gotten BxchangetfChlefcgo Beard ^ ,
3*5 YaS 9,°U° a Exchsnge.jNnw Orleans Stock Excbange.lLlverpool Cotton Association
Tof k Coffee Exchango.lNew Orleans Board of Trid#.|Gal»eiton Cotton Efchsags
i , . . Private Wires to alt Exchanges. •
and Long Distance Telephone 5298. W. R. FAGAN. Manecerb
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
nna
Win
lux, it Ktiii.K I rum on. uuuro io anotner,
and put out again In the afternoon. Tho
a**rr*ate dellrerlea Inte In the day were
645,000 bu.heta aont out by Armour.
Caah huelneu In wheat In Chicago Tun-
day waa 27,000 bushel*, corn 50,000 and otts
115.000.
pie market for corn yeatentay, picking up
nil the raised lota at Wc on track. Nhlp-
S r* took the yellow eoen at 25463Hc orer
ptemlxtr, tha Imlk of the aalea /telnc at
ic on track. These premiums are Inauc-
the old .rate of comtnlnlon of He and to
place traders for rnmmlnlaon bouaea on a
imlary la to be taken today. It la ex-
peetetl that, the rote will be lar*ely
»t the cflange. Thoee who proper*.!
... in-nenro aay their ino,c la to M«k
an oxpremdor. of the trade.
Tho annual com Inspection tour In the
vicinity of Uneoln, Ilia, given by Spell
man and Rpltley, was held .luring the
last three dny». Exporte ae to tho condi
tion of corn vary, hot moot of the men
admit that the eland of corn la Irragular.
stock. In devatoM In Ohlcagpi Wheat
18,707,000; com 646,000; oata 4.27M00.
Contmct stock. In Chicago: Wheat *,•
871.000. corn 128.100. out* 1.622,102 ,
Tho feature of tho world a shipments of
wheat last week.waa the.decrease In Rus
sian shipments end the Increaee In Ameri
can. Quasi* .how* a _d?er*aie of *20.-
WHEAT OPENED
FRACTION LOWER
Due to Poor Cables and
Good Weather in the
Northwest.
By Private Leased Wire.
Chicago, Sopt. 5.--The whsat bulla were
lo the tall timber today. Prices closed
lower for the day, and 9 round the
bottom prices reached. A BroomtoJi cable
received Into said
'Russian weather fine; arrivals ot wneat
abundant; quality 'better." This paused
some selling.
Corn closed UGSc off; oats were down
HOHCp and provisions were up Irregu
larly.
Primary receipts of wheat were 580,000
bushels and corn 791,000 bushels, against
854.000 and 900,000, respectively, a year
*?§
124.C
oats.
Cash • snlos were 210,000 bushels wheat,
75.000 bushels coru and 100,000 oats at Cht
Aboard r
corn and 110,
^SiDirthtw^k'S.rjsssBfssra
year', flgurc
Private Wire to Glbert ft Clay.
Chicago, dept. 6,-We continue to feel
frien.Uy to the tong side of wheat, eape-
dally on recession,.
Both corn and oat* appear to he raining
friends. Good support quite noticeable on
*°Th| , nk ,, provl*lon* a purchase on any fur
ther decline.
THE COFFEE MARKET.
New York, dept. 5.-The Kew York cof
fee market opened steady at unchanged
price* to.a decline ef 6 point,, or a little
better thl - “ *
European — — , .
eelpt., hut the market turned easier dur
ing the morning nnd liy midday waa some
sail) point, net lower. letter the market
rallied partially.- Trading was moderate y
active nml liquidation Ity Wall atreet again
the feature.—Glbert ft Clay.
Following la tho opening range and close
of the New York coffee market, for to*
day: . ...
CHICAGO GRAIN MARKET.
Chicago groin nnd provision quotation*
for today follow:
Previous
Open. nigh. Low. Close. Close.
WHEAT—
!£> ■
Kept.... 474
INK? 48
May.„, 44
OATS—
Kept SO
Doc 314
May 334
FORK-
Jon.#,. i*.p
LARD-
Kopt.. 8,55
®i3w-
Konf.. 8.65
Oct.... 8.674
Jan.... 7.26
CASH WHEATS
No. 2 riKl 71V
2 hard winter
3S S8 r
M'lF
IP PM
as* as S:S“
K Ifc a
IP HE if*
!:S“
7.T7H
NORTHWEST CAR&
Mlaneapolli.
Today. We.li. Year
CHICAGO CAR LOTS.
TEXAS CONDITION
ADVANCED COTTON
lii the crop fu Texas prices advanced.
There secnm to be n considerable concur
re nee of evidence on the i ” - * - *
pQirraent of Texas conu „„„
ques Ion being whether It Is in reality any
grtrau'r thnn usual. The New Orleans
Times-Democrat esmo out rather euipbatl-
celly on Jhe question of Texas detertora-
tlon. etstlng that there was n distinct
falling off ln the condition of the plant In
that state. Tteli statement affected not
only New York and New Orleans, but
Liverpool noticeably, and really had as
much as anything to do with the advance.
It seems confirmatory of Hie statement In
the monthly report of The Journal of
Commerce to the effect that the deterlora-
tlon In Texas amounted to nearly 8 per
cent. Then the southwestern receipts fell
off somewhat, the spot sales In Liver
pool Increased and brokers supposed to bo
acting for tbo leading cotton operator were
buying. south, Including Texas peo-
ly visible in the quotations. As ..... ........
interest is large, tho advance may easily
go further should the rain keep up In Tex
as and reports of damage from that etnte
and elsewhere continue to lie received.
The general run of cotton people, however,
believe that the crop Is doing well. They
•-ave not forgotten that the deterioration
i Texas In the year of high record crop
na nearly 15 per cent.”—Giberf k Clay.
New Orleans, Sept. 5.—The Times-Dem
?rnt: .“Cron news OTer the holidays work
ed against the bear cause, and with every
body seemingly willing to embrace tb~
ma that a reaction was due, yeste , >
advance In the world markets came as a
matter of course. Secretary Hester's
figures showing mill takings of American
cotton to have been more #ian 12.000.000
bales, while consumption exceeded that
quantity hr upward of 100,000 hales, fully
met logical expectations. Thus. It was
proven tly* world’s ability to absorb moro
American cotton than any one a few ycara
ago believed the Southern states capable
of produclug with Its labor supply, and
bemuse of the high price of cotton, our
exports reached high water mark. Tho
magnitude of the new crop Is yet r
question, and the talent must tire _
blind bargain. Glut Is merely a remote
possibility. Enough Is probable. But pro
ducers' resistance to low prices and spin
ners’ ability to pay current values or more
for the new Reason's supply would seem
to put the burden of future fluctuations
on the bear once the trade .fp^^ineral shall
prompt
regard every reaction as
than an Improved ae[llng
January*. .. ..
February
March
v.
June..
July
August.
Kept ember.. .. •
October .
November
December. ... ..
Closed steady.
Range.
.. ..8.2S4.M
, .. ..6,30-6.40
S. 40-4.50
. ....6.46-6.18
. . ..6J6
. .. .6.65-6.65
6.65
C70
.. ..6.S6-6.06
. ..6.00-6.06
. .6.084.18
.. ..6.20
4.354.30
6.304.85
6.404.45
6.464.60
6.544.56
6.114.60
6.604.61
6.654.78
6.854.00
6.0M.05
KS4S
THE SUGAR MARKET.
..ew York. Kept 5.—Local refined sad ‘lo
rn estic sugar steady and unchanged. Lon
don sngar steady with September nnd Octo
ber unchanged to fa %d and 9s 4Vftd respec-
Wheat.
Corn. .
Oats. .
Hogs. ,
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat—Opened lower: at 1:80 p.
m.. was Udttc lower: closed U4t%c lower.
Corn—Opened 14c lower; st ll» p. m., %
G%c lower; closed lower.
PRIMARY MOVEMENT.
Com—Receipts 01,660 bushels, against
909,000 bushels last year; shipments 564,-
000 bushels, against 482,000 bushels last
7 ^r. _
THE METAL MARKET.
By Private Leased Wire.
New York, Kept. 6.—The metal markets
are decidedly firmer In tone. AU grades of
were advanced Ke In the Mil to
cents for best grades. Kpot and
THE COTTON 8EED OIL MARKET.
New York, Sept. Kept, i.—The market for
cotton seed oil was moderately active and
very firm. Offerings were light, and there
was good bidding for both near-by and for
ward deliveries. Tendf" “ “ ““
tember contracts have b
claimed by bulls, to the scarcity, of supplies
here, and the outstanding long Interest Is
claimed to bo of quite fair proportions. Ad-
vires from the South did not Indicate any
anxiety to sell seed or oil, and this gnve n
good deal of confidence to the bidding for
forward deliveries. The market at the close
was quiet with prices unchanged to %c
higher.—Ware k Lelmnd.
Opening. Closini
September. .....
October
November. • • • • ,
»>oceml*er
January. ....... _ , _
March SOttfrl 30ft
Closed steady.
SOUTHERN EXCHANGE
Oldeat Katabllah.d Office South.
COTTOX STOCK BOKDS GRAIN
Ground Floor Gould Buitdlnff. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondant's Capital $250,000
RCFERENCe, THE NEAL BANK
RHONE 1417. PRUDENTIAL BLOC
MfW fork. Hew Orient. C5/<«f«.
WARE & LELANO
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
f Mo. 2 Will SI., A tints, Os.
gnr fork Cotta [tekna. ChUtgo Board o 1 Trado.
0*w Orlnm Colton tubing*. Lt. jco 5fcr* Ct<hanjr.
lltercool Cotton Atto:l»tion. hew York Coltt* hzhtnoo.
Prlralo Wires to Mow York, Hew Orleans, Chicago. B. C COTHRAU. Vj-*aqer.
f #0 fbon 1262. • Standard PbooeSX,
reason, therefore, why good stocks
should not be bought for a turn. Ever)*
thing else favors It. But they can not
put tin tho market, hold It and distribute
with high money. Developments over
night are not of a kind calculated to In
spire confidence ln thp outside element,
which wns scared ont on the 30 per cent
money ln the lute afternoon. The -mar
ket was temporarily oversold. It rallied.
Tho shortage wns eliminated. Whnt else
could hnppcu with money soaring. Higher
dividends we expect later, so we anticipate
And we do not believe that, In "
r --Jen of them, the market will
down under any conditions short of _
calamity, but wo do believe In not buying
on bulges like that of yesterday, and *
ting hung up. We are for the dally c
tor first, last and all tho time, ant-
are conscientious about It, regardless of
criticism. Conservatism In Wall street
pays ns well as auy place else. Mean
time, follow the neutral trading position
with eyes open for specialty advances."
wew ior»t o*pi. o.—ijonoon nnn ana
generally higher.
There Is talk of further gold engagements
with some expectations that Recretnry
Holding back
creates bearish
bearish talk on Pennsylvania.
Aside from monetary conditions, every
thing Is favorable, and on sharp breaks,
think the good stocks can be bought with
the exercise of conservatism Judiciously
applied. There is bullish talk on the
llarrhunn Pacifies, Atchison, Baltimore and
Ohio, 8t. Paul, Steels nnd Copper. Would
advise taking on the two latter; alao, some
of the minor Industrials, if very much de-
^Content a large seller of Reading.
Dow-Jones' summary: American stocks In
London firmer with Coppers and Harrimans
very strang.
Republican governorship ticket elected In
Vermont over fusion candidate.
Proceeds of Pennsylvania sale of Balti
more nnd Ohio and Norfolk nnd Western
III probably be used for completion of
ew York tunnels.
Stocks plentiful In loan crowd.
Buying of pig Iron and ateel continues
largo with premium for early delivery.
Ijondon market stead/, and money con
tinues easy In spite of American demand
for gold.
Further considerable gold engagements ex-
^^Atchison directors meet todsy. No divi
dend action expected.
Twelve Industrials declined 1.11 per cent.
Twenty active railroads declined .01 per
cent.
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.
LIVE 8T0CK MARKET.
By Private Leased Wirt.
Chicago, Kept. 5.—Hogs—Estimated
celpts today 81,000. Market 6<910c lower;
quality fair; left orer 4,42$; balk $6.7006.15;
estimated receipts for tomorrow 80,000;
light hogs $S.90e&S7H: mixed SB.C6G135;
hear/ $5.1606.20; rough (5.2606.60; pigs
$5.46*6.M; ynrkert $6.1006.35.
Cattle—hecelpts 27,000. Market itsady to
10c lower; qtuallty fair; bseres $3.7506.80;
cows $1.2504.25; heifers $12506.25; calves
,tecr* 23.3ff2.90:
~ stockeni and
$5.5007.75; good nrlme sti
MONEY ON CALL.
Money on call: Open 17; high 40;
low 17; close 30.
By Private Leased Wire.
New York, Sept. B.—The market
made more of a response to t!}e in
creasing money tension today than It
haa at any 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 tho 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 upbldding 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.
Practically no loans were negotiated
during the morning below 20 per cent
and quotations ran up at one time to
25. The banks reported a total outgo
at the sub-treasury for the week so
far of 84,455,000. On the other hand,
cable advice reported the withdrawal
of 32,000;000 gold from the Bank of
England on American account, but
there was much doubt os to whether
this was not largely. If not wholly. In
cluded In the transactions which were
known about yesterday.
Prices rallied a trlfio on the an
nouncement, but at 11 o'clock were still
materially lower on tho 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 Inst 1-2; Bal
timore nnd Ohio 5-8, Southern Hallway
8-8, Steel common and Chesapeake nnd
Ohio 1-4 per cent. Southern Pacific
and Pennsylvania advanced 1-2, and
Brooklyn Rapid Transit 1-4. St. Paul
and Reading opened unchanged anil
each advanced 1-8. Great Northern
preferred waa unchanged.
LONDON STOCK MARKET.
STOCK—
Anaconda
Atchison
Canadian Faclllc
Chic., Mil. and 8t. Paul.,
Erie
Illinois Central ....
laMilmrllls and Nashville? . .
Heading
I'rnnarTvanls
Southern I'nclfla
Union I’aclflc
United States Steel
do, preferred
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.
Frank Hawkins, President.
H. M. Atkinson, V. P. Tnoma* C. Erwin, A«at Cashier.
Joseph A. McCord, Caafiler. R. W. Bjcra, Aaat. Caahier.
Third National Bank
Capital
Surplus
Dr. A. W. Calhnun.
Milton Dargan.
MOW. Grant.
H. Y. MeCortL
DIRECTORS*
Frank Howklna.
II. M. Atkinson.
Joseph A. McCord.
$200,000.00.
$300,000.00.
J. II. Nnnnall/.
J. Carroll Payne.
B. n. Ronsr.
Dsvbl Woodward.
K1ADD0X RICKER 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 in our Savings Department.
Safe Deposit Boxes
For rent in our caults 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.
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