Newspaper Page Text
THE ATLANTA GEORGIAN.
II
QUIET
AT TJE_ OPENING
Ljgt prices Were About as
Expected otf the
Early Cables.
NEWS AND GOSSIP
Of tbo Fleecy Staple.
[LATER ACTED STEADY
Trade Was Restricted" by
Approaching Condition
and Ginners’ Reports.
I n. Private iJassd TOre.
■New York. Sept. Business at the
I rtf^ninK of the local cotton market was
l«n- quiet, first prices being un-
lehanged to 2 points lower, or about as
I ..needed on cables. After the call the
I fat acted steady, trading being re-
I itricted by the approaching condition
I STtrinnln* reports.- The private ca-
I MM received were a little .bullish.
Jkfre was likewise some apprehension
t.i over u heavy storm that Is sched-
I uled to strike the Florida, and Carolina
I fs/uftf 1 tonight.
I At the opening the market for cotton
I nations was oulet with prices about
M due on the early Liverpool advices.
That market opened about as expected
m options, while spot was 3 points
Msher with sale of 7,000 bales at 5.11
I for middling; but aa tba session ad-
I prices Improved, until at the
IckFC advances of from 5 to 6 points
I sere recorded
I Under this Influence and a wet map,
I Ktw York’s opening Was practically at
I thf lowest point of the morning. Good
I buying was noted, some of the early
I sellers chnnglng front and buying free-
^rX ln e%^V n £fcb W V..“. n qy ed ^?i
iKrerlnit'on^uriber^eports'of^eterlon^Su
I Son'house, i.lckln* up n lot of cotton.
I vfeehlngton. I). C.. wires: "Storm now
I cn" tiie Atlantic const will canso heavy
Iprrcliltstlou in the southern states to-
I3y p rlvate Wire to Ware ft Leland.
in^lv.JKiu’' S f p , t- , ••—futures opened
In Liverpool quiet 2 up; at 12:15 p. m.,
1 2 up and steady. Sales 7,000 spots
at 5.41, <1 up. Due to come unchanged
to 1 up.
Yo «? ftoriiet opened quiet
and steady, and at about unchanged
prices from last night's close. Trade
wa ® light, commission houses buying
a Uttle, and locals sold. Schlll sold
October and December.
The market has had a quick advance
since the opening on local»covering
and buying by commission houses, due
probably to storm signals reported for
the Atlantic coast. New Orleaus
good buyer here.
Schlll, N. Wilson and Wallace buying
December.
The New York Commercial In Its
yearly cotton review this morning, says
of crop conditions; Yield will surely
exceed last year's with Texas expecting
a bumper yield. All of western belt
has had Ideal weather. Rain on east
coast. Trans-Mississippi section com
g lairs only of shortage of labor. Ar
ansa* crop will be greatest on record,
Oklahoma farmers enthusiastic over
prospects. Deterioration reported from
Carollnas and Eastern Georgia on ac
count of excessive rains.
The second annual of the National
Farmers' Educational and Co-operative
Union convened at their hall In Tex
arkana yesterday morning and will
continue for three days. The order
claims a membership of 600,000. In
discussion by the convention of the
conditions of the cotton crop through
the territory represented, the reports
Is steady on light offering. While
side to some extent.
;!! NEW YORK.
V The following Is the rang* fa cotton fe
* lures Iu New York today:
l-
g
*a
l
O
s
s
i
!i
1
LI
-u
* oX-. •.:
it Nov. . . .
t, Dec. . . .
g Jan
Feb. . . .
March. ..
: My • • •
8.8)
8.SO
8.99
8.09
9.17
9!33
9.39
8.8?
!:SS
9.29
9.37
•:«
9.5$
8.89
8.18
8.99
9.01
9.16
B
8.80
9.00
9.J6
9.20
9.29
■<Mi
9.51
HM-80
9.00-01
9.09-11
9.21-22
9.28-29
9.35-37
9:41-42
9.49-50
8.06-70
8.89-91
8.99-01
9.09-10
9.13-19
9.25-27
9.32-33
9.40-41
Blosed st
en<l£.
I'rtlmitKl receipts tomorrow
|X«r Orleans..
I Galveston.. ..
I Iliaiton
1906.
..1,200 to 1.700
..4,000 to 10.000
..7,500 to 8,000
SPOT COTTON MARKET.
■ Hvsmool. cotton spot demand Increased,
I with prices steady; middling uplands 6.41d:
I am t.ooo; American 8,700; speculation and
I rxpv'rt TOO; receipts 4.000, all American,
Atlanta, sternly at OHe-
New York, quiet at 10c.
New Orleans, steady at SHc.
Ansnstn. steady at 9Hc.
Savannah, quiet at S 15*16c.
SI. Louis, quiet at »Sc.
11,si,ton. steady at 91-16c.
Bnston. quiet at 9.90c.
(Inhesion, steady at 914c.
Memphis, quiet at 9{Ac.
Rsltlmore. nominal at 944c.
Norfolk, quiet at 944c.
rtarleston. stonily at ST4c.
lVIliiiliigtveu. nominal.
TODAY’S PORT RECEIPT8. _
mo following table shows receipts at the
I ports totlsy. compared with tbs same day
I NVir Orleans .
I Utlrftton . .
Mobile. . . .
I fcivannnh. . .
I rhnrlftton . .
Wilmington. .
Norfolk. . . .
j H<mtnn. . . .
INTERIOR MOVEMENT.
50 bales over night. It Is claimed that
the lack of export demand Is causing
the light movement and that cotton
Is fast piling up on farmers' hands.
The weather map shows considerable
rain over the cotton belt.
By Private Wire to Glbert & Clay.
New York, Sept. 6.—Liverpool open'
ed 1 to 2 up. About as expected.
Fernle, Wilson ft Co and Norden bid
ding up market
Norden, who sold on the opening, now
buying. Shorts show a disposition to
cover
Journal of Commerce says:
healthy and steady tone of the market
noted for some time back on quiet
days pervaded the dry goods district
during the day. Trading was In small
lots with scarcity still pronounced In
many lines. Buyers of out-of-town
houses are being pushed to find goods
for deliveries ssked for by their firms,
and they are kept hustling about the
market for any spot goods that ap-
pear.”
New Orleans, Sept. 6.—Liverpool Is
as expected and furnishes neither
bullish nor bearish Influence.
The market has advanced on wet
map and the receipt of some unfavor
able advices from Texas, although sen
tlment has undergone but little change.
A dispatch from Crockett, Houston
county, Texas, says: "Cotton Is being
picked out aod hauled to the gins very
fast In this county now. The drop Is
much shorter than was expected on
account of the numerous rains and the
ravages of the boll weevil. There will
be no top crop of cotton In this county,
and all cotton Is about matured now.
The crop will practically all be out of
the rtolds by the middle of October.”
The western forecast Indicates tor
western Texas fair wenther tonight and
Fridav, and for balance part cloudy
weather with probable scattered show-*
ers In Louisiana tomorrow.
Today’s map Is again cloudy and
shows fairly general rains throughout.
The continued rains In Texas will no
doubt cause further reports of dete
rioration to be received, In which event
some Improvement In prices would
probably occur.
THE COTTON 8EED OIL MARKET.
Nvw York, kept. 0.—The market for cot-
ton imul Ml «•«« "trunk*, with a further ad-
I nnt> ,hn^'n fn nil deliveries nt the start.
Thru. n-nn a unod demand for Octolier anil
I Xnv.nilter, In whieh most of the trailing de*
TflofH. K,.|,tenther advanced to 97c an ad
ware of <r from the low polnr, recent
It awn. The tlrtnaess continues to •
i an the light Mocks of oil. smnll ten ..
rrpt.mher nnrt s l>ellef that there will ho
j in prmsurc of new oil nntll Ister In the sen*
"ini In the meantime the demand will
. — - to he supplied from the small stocks
rarrlnl over. The msrkst at the close was
!«l"t with prices unchanged to He higher.— offerings eshte nnl
"«r, A behind. ~
, Opening. Closing.
9"I>t,miter HHiOrjii .*17 V
October ...... -'
anrsmletr ;
Pseetnlt,
ter-
———
.if'rt J?" Msy' st'CjOO^ctobtr'VrSfc
IM 110 lleremher St 1044.
Clowd .toady.
0IBERT ft CLAY'S
DAILY COTTON LETTER
Orleans. Kept. 6.—In Uverpool on.
n™» Piled very steady and showed a fair
covering hy shorts. Anally
- hem 564 points higher than the
m' u"". lay’s levels. More demand was
for snot cotton, sales today
JJninnting to 7.0«J hsles at 1 points high-
weather Is the tantamount fa-
mem-,. |„ offeetlng the course of the mar*
fat n '. t , »;"* continue So util the crop
“ftietienlly n.mired. The numerous re-
r,fInsect dsrasge are all rracetible
grow more nnmerona after frequent
hp.vr rnlns. Thns, a Vet map and
Jjc I'p-tenre of a storm off the Booth At-
Mb V":ist, with Indlcstlons for heavy
i If'"! ";ve canoed wldesppeed uneasiness
mane .hurts, who, through their covering.
I advanced and mslnralned eonslders-
k. ateaillness In market plrees today.
InL ,h'i’ <1** Present time. Judging
■™ni the numerous reports received, has
WARE ft LELAND’8 DAILY
WAHt ft Q AILY COTTON LETTER
New Orleans, kept. 6.-Tortsv’s market
was very stesiiy, and a material advance
was scored. The advance, however, had all
tho earmark* of manipulation, and It look’
ed s”f the largest o|!erntom In hew Tork
were trying to ran lit the shorts. Offerings
were limited from the opening and onqn-t
hut persistent Imylng the price gradnallr
rose until Deeemlier around noon was tell
ing nt 9.9ft Even at thlg level offerings
were scanty. For the time hetng the hulls
hail the market tinder control, aborts gen
erally seemed convinced that the coming
bureau report on Monday would show a
deterioration of at least 5 per cent and that
the amount: of cotton ginned prior to Hen-
tcmlier 1 wntrtrt foil for short of the 4(3. •
onn Imles ginned hefora September l last
year. During the larger Part of the season
offerings ranie only from satlslled longs.
The weather was not favorable. Heavy
rains were Indicated over n gr«t portion
of the cotton belt and stories of boll weevil
damage came thick nnd fast from Texas.
Liverpool met expectations on futures and
reported an Increased deronnd for spots.
The movement eontlntied moderate and was
n hull movement of considerable force with
some people. Spots were firm end In good
dents ndTnnt limited offerings prohibited
anything like heavy traffic. Many opera-
fori refnMoil th# meeting of the Southern
Cotton Association at Hot Spring • fac
tor of no little Importnnco to the hulil.U.
ns one of the nmln ol»J«Tts of the **th*rjn*
la to Hi i minimum price for marketing
tbit eeneon'i crop. It goe* without nyliut
that the price fixed will be kbore the lerel
iow prevailing, end a mnnlfeeto from the
„imnclntlrm ought to encourage farmers to
withdrew from the maiicet to a greet ex-
Issued. \he market wlU be^lrmKl'wUh
{Ss^noT'MeJ^d.^rrUr*.?
cept fee fat pockctheoka
undoubtedly deteriorated coustdemMy, Imt
then It mttst not lie forgotten that be
fore this deterioration became general a
vera high condition had l>een ranched.
'. y thaT noasIMy the pessimism of today
msv after all*prare to^ only on . plane
with the optimism of the
Indications )>o!nt to a rery Inrre
wield nnd only fair picking weather Is
|£2&d to gather the cotton now made.
GIBERT A CLAY
1 ALABAMA AT. COTTON. O * AIM ATLANTA. OA.
COPFEE. PROVISIONS
1E M B E R a I .tCblcsgo Board of Trade.
LJuverpool Cotton Association
k UalvMton Cotton Excbang*
■ '■«uw bxcnftu|c,|.kvw — *
WC... l,„ mu^fSSSSS -■ vagau.
LONZO 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 market* In Atlanta
and the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OP STOCK.
Aiuslg
uu. Iirnurrwj. . . .
American Cotton Oil. .
Amcr. Car Pouudry. ..
Baltimore tc Ohio. . ..
Brooklyn Itnpld Tran..
Canadian Pacific. . . .
t’hlc. & Northwestern..
Chesapeake A Ohio. . .
Colorado Fuel & Iron..
Central Leather
do, preferred. . . .
Chic. & Great West'n.
Chic., Mil. & St. I*. . .
Delaware & Hudson. ..
Distiller's Securities. ..
Erie
do, preferred
Oenernl Electric. . . •
Illinois Central
Amor. Ice Securities. ..
Louisville k Nashville..
Mexican Central
Missouri Pacific
NAME OP STOCK.
pr»
Total Stock sales today, 1315,006!
N\ Y/, Out. & Western.
National Lead
Northern Pacific. • • •
New York Central. . .
Norfolk &. Western. ..
Pennsylvania
People's (Ins
Pressed Steel Car. . .
do.* preferred. . • .
Pacific Stall
Reading
Republic Steel
Rock Islaud
do. preferred. . . .
United States Rubber.
do. preferred. . . .
Southern Puclfic. . . .
Southern Railway. . .
do. preferred. . . .
SIosk Sheffield
Teun. Coal & Iron. . .
Texas Si Pacific
Union Pacific
United States Steel. .
do. preferred. . . .
Vs.-Csr. Chemical. . .
do. preferred. . . .
Western Union. » . • • ,
Wabash
do. preferred. . . .
Wisconsin Central... .
(referred. . . .
.8*
LIVERPOOL.
Following tnhto
dose, compared v
Futures opened
(rives opening range and
Ith yesterday's closing:
September.. ,
Sept.-Oct. .
Oct.-Nov. . ,
Nov.-Iiec. . .
Dee.-Jan. . .
Jan.-Feb. ..
Feb.-March..
March-Aprll. ,
Anrll-May. ..
yfay-Juue..
fcfosed very steady.'
..6.05 5.09 5.03
, ...4.95-4.941* 4.99 4.93
. .4.93-4.92 4MH 4.9! £
4.93 4.97
. .4.94-4.93U 4.9$!
,...4.97-4.96»4 6.OO1
. ...4.97-4.98 6.02
. .. .5.01-6.00 5.04<
.. . .6.01-4.98^4 6.06
.. ..6.03-5.04 5.08 5.02
4.91
4.93
4.96
4.97
4.99
5-00*4
NEW ORLEANS.
tures Id New
ig Is the
Orleans
Sept. .
Oct. . .
Nor. .
Dec.. . ,
Jan. . .
Feb. . .
March .
May . .
losed steady.
9714-18
9.13- 14
9.14- 16
9.14- 17
9.24-25
0.30-32
9.37-38
9.60-62
9.07-09
9.04- 07
9.07-09
9.04- 00
9.14-17
9.20-22
9.27-2H
0.44-44
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware ft Leland.
Chicago, Sept. 6.—Wheat market la
Inclined to be little ateadler. Ranklln la
about the best buyer of December
wheat, with scattered selling of May
by commission houses.
Minneapolis stocks of wheat de
crease 800,000 bushels for live days.
A little buying of wheat, notably by
a couple parties who sold at the close
yesterday. Market tone barely steady.
Situation continues heavy owing to
the buying power not being gufflclent
to absorb hedging sales, and wheat will
probably drag lower yet.
Langston started to sell December
and the crowd wilted. Trade quiet.
Logan has Just sold 100 May corn
at 13 3-8c.
Oats opened steady, with local par
ties sslllng May. Buying mostly by
commission houses. Trade rather
light
Light offerings In provisions. Mod
erate buying of nearby options of lard
by shippers. This would Indicate bet
ter demand for cash lard. Trade light.
The general crop report September
10 la to be Issued at 4 p. m. and will
show the condition September 1 of
corn, buckwheat tobacco. and pota
toes, and the condition, when harvest
ed, of spring wheat, oats, barley and
rye.
The Minneapolis flour output last
week Increased 10,175 barrels, ths
quantity turned out being 117,175 bar
rels. This week the figures promise
to be even smaller. -Not only were all
the mllla Idle on Monday for Labor
day, but qne or two less are In opera
tion than a week ago. The output is
likely to approximate 150,000 barrels.
About all the mllla found trade In
flour last week leaa favorable. Sales
were smaller than In the preceding
week and those made were usually in
small lots.
Private Wire to Glbert ft Clay.
Chicago, Sept. 8.—Can eee nothing In
tha situation to warrant changing our
views on either grain or provisions.
The market is heavy, due to absence
of outside trade and fear of heavy run
of aprlng wheat which, we believe, le
hardly probable, aa the prevailing
price la practically below the price id
production. Would buy wheat now ana
more on every soft epot.
This le the third day of the break
in wheat, and on general principle wa
ought to have a rally. _
The Record-Herald says: "By a vote
of 611 to 177 the Chicago board of
trade voted down the proposition to
reduce commission chargee.
•Sales cash grain In Chicago were
175,000 wheat, 1*0,000 corn and 180.000
oate. The wheat includes 216,000 No.
3 hard to go east and 40,000 mixed
lots to local mills.”
Corn trade slow. Market a shade
eaater. Weather and crop outlook beat
Imaginable.
Kldson good seller September wheat.
There was good buying on tha decline
of December by Ranklln and Kneeland.
Provisions quiet and barely steady. \
Pit trade Inclined to sell, but any buy
ing would change temper of crowd
quickly.
NORTHWEST CAR&
The following figures give the nnrthw.it
ear* today, last week and leet year; t ^
Today. Week. Year
sarfv.v.'.'.'-.'g s “
THE COFFEE MARKET.
New York, Bept. 0.~The opening wnt
steady at an advance of 15 to * points In
response to higher cable, end s renewal
of nttfavoraltle crop advices from Bmxtl.
Thera was very heavy realising on the Ini
tial bulge. One broker enppoeed to repre
sent Wall street people, eofil a block of 10,-
000 mgs of December, sM with some eest-
lerert offerings prices lost * to 10 points of
the advance. There was a g»|d demand,
however, sad It looked ks If the trade In
terests were baying the coffee thrown over
by the Welt street long*, rrices eiinee-
qtietitly milled again toward midday, and In
-■ ] early afternoon the market wee strong
practically the best fijmres.ef a net ad
vance of about » to IS points. Business wss
uch more ectlv. than the last two or
iree days, and In the treneaettone daring
TRADE WAS LIGHT
IN WHEAT MARKET
Opened with Prices Lower
and the Room Sentiment
Still Bearish.
By Private Leased Wire. ’
Chicago. Sept. 0.—Wheat bulla were
a happy lot because of the reported
takings of sixty boat loads, 480,000
bushels, for export. This caused the
market to become firmer late, driving
some of the shorts to cover. The close
showed prices at 1-861-4 cent oft with
reactions of 3-8c from the bottom. Corn
was tame aa a pet fawn and It closed
l-4c up to l-861-4c off. Oats un
changed to 1-861-40 lower. Provisions
were mainly easier.
Primary receipts of wheat for the
day. 608,000 bushels, and corn 672,000
bushels, compared with 761,000 bushels
and 930,000 bushels, respectively, a year
ago.
Clearances from the seaboard were
375,000 bushels wheat, 11,390 bushel*
corn and 69,000 bushels oats.
Winnipeg receipt! of new wheat were
liberal and the grading most excel
lent
Argentine shipments for the week are
estimated by Broomholl at 800,000
bushels wheat and 2,000,000 bushels
corn.
Today's sales were 6,000 bushels No.
1 Northern wheat and 100,000 bushels
corn; 60 loads wheat at seaboard.
CHICAGO GRAIN MARKET.
Chit-ego grain sad provision quotations
for todsy follow:
Previous
Open. nigh. Low. Close. Close.
WHEAT-
‘ gg
BULL LIQUIDATION
CAUSED DECLINE
..New York, Sept. 9.—The Run «ajr>:
Liverpool would have none of the advance
and plainly - -
tIon In Texna. w 1VWW
10 American polnta. It declined nearly
thnt much, nnd ndda In Ita dlapatrhes
that the South wa« offering cotton more
freely and that bnlU on the other aide
were disposed to liquidate. And there
were not wanting those on this side
••is iu jsnrrjHMH. iney seemefi 10 ih»
ng here as well, though appearances
have been deceptive. However that
•etllni
may
tuny be. there, was ‘more disposition to sell
than there was to l>ny, not only among
American, but Southern, operators. It
looks very much like a purely treAem'
market, nnd as though anybody who takes
It for anything more than thst will be
miking a miscalculation which tuny turn
out to be more or lesa expensive. The
consensus Is that unless the crop receives
more of a setback than it has as yet, the
drift of prices will be downward, with
occasional upturns at the ex|K>nae of a con
gested short Interest. In the meantime,
many are holding aloof, awslrlng the gov
ernment reiHirts on the condition of the
crop and the ginning up to Hcptemhor 1,
which Will appear on Monday, 8entemt»er
10. at 1 p. m. acd 2 p. m., respectively.”—
Ulbcrt Sc Clay.
72*
S£*r:
Sg ffi
fc a j?
Mar 23 33
1'OBK—
H«pt 18.8714 16.90
Jan... 12.4214 U.42V4 12.3714 13.3714 12.45
H*pt" D ft42V4 9.4* 8.0214 8.65 8.66
Oct... 1 8.72V4 8.75 8.72« 8.7214 8.72(4
Jan.... 7.20 7.10 7.90 7.90 t.Kfi
HIDES—
Sept... 1.1V 8.72(4 8.70 1.70 8.72(4
Oct... 1.6214 ».«« J.OO 8.g 8.60
cash 7 \viieat- ’
s'o N<, 2. , h.fd'^r»i4: , f s. 0 nw
070.
UVERPOOL GRAIN MARKET.
Wheat—Opened Uc lower: at 1:10 p. m.,
v loser: closed (4e lower.
Corn ed miehsngod: at 1:20 p. m.,
14c lower; closed (4014c lower.
CHICAGO CAR LOTS.
Todsy. Tomor.
Wheat •» 40
Cora 8J4
Oats 18* *!T
Hogs
20000
14000
hogs were handled. Brasilian mot-hots
w«ra unchanged to 78 rets lower. Havre
7* ri.se fiSWr and Ilsmlmrg wss 1-36
pfenning higher. The Koropran mar-
I have been Inclined to itredl
-tly. nnd Enrope has bejn n i
ijrer hem.—(hare ft Inland,
following le th* opening range a
’ the New York coffee market
liar:
January.
February
March.
April.
May.
I'pening
Range. Close.
m
CIM.70
August r. •Skia
Ifeptetntwr..
Nnremlwr •-£>
Pcemnlwt •• •••• ••
PRIMARY MOVEMENT.
Wheat—Receipt* 408,000 bushel*, sgtlnst
kPjb w«f ffls
“—•-*- 673,000 bushel,, agalnit
_iat year; — *"
000 bushels, against 80»,0
New Orleans. Sent. 6.—The Tlmee-Dem-
ocrat: “Yesterday's cotton market wss s
■mall affair, In .part the result of tho con
traction of (peculation with the supmteh
of two Important hnreou report,. The In
ability of frlcndi of Ibo itaiilr to hold th,
price In the face of rather g»ncrol i-or-
, rtepreaaed value, Jt _
much a, did fresh short selling. Hence,
* it weather
fnll.il of effect. With Liverpool not In-
cllneo to father nn advance, and a goodly
portion o.‘ tho ela-Atlnntlc talent favoring
the hull aide for a quick turn over Im
res a tiny, consequential price change, dur
ing the remainder of .be week are hardly
t.» be expected In th. "breacr ot a better
demand for tho actual stuff.''—War* ft
Leland.
OOOOOOOOOOODOO000000000000
O BANK 8TATEMENT8 ' O
O ARE CALLED FOR. O
S By Private Leaned Wire. O
Washington, September 6.—The O
O comptroller of the currency to- O
o day iMued a call for a statement C
o of the condition of the national O
0 banks at the close of business O
O September 4. O
00600000000000000000000000
TIPS FLASHED
From Wall Street
Prirste Wire to Ware & Leland.
. York, Wept. tf.~fsourion strong.
le higher. Secretary Khsw, In extending
relief through facilitating gold Imports,
should help the niouey market materially,
and look for eaaiueMN In rate*.
There D very bullish talk on Copper*,
and goo«l authorities lUHiutnln that the liar-
rlmnn Pacific*, Atcbliou, 8t. Paul and lial
tlmore and Ohio will work higher.
It I* expected that tho ore deal will
be put through on Judge Gary'* return
this month, nnd xhould the Hteek stock*
•ell off any, would buy them. The mar
ket will probably be more or Iohh Ir
regular, but look for goKMl Imylng to ap
pear wheuover weakness develops.
Wc have indisputable evidence this morn
ing that the Flower erowr! are bullish on
Auinlgninuted. The Gates following Is in It
also, nut the Flower broker* bought tho
stock this morning. The stock, heretofore
opposing a moderate advance, la reported
to u* us being removed. The way should
* -ipen for 5 points up from 111, according
our calculations, under the circum
stance*.
Foreign buying of Atchison was report-
1 to a tdg house by it *peelolist this
ornlng. It was stated nt the time that a
block of stock would have to be taken b
fore much of a move up could he forced. ,
On ton says looks Jike Heading la going
up quick.
Tho market will probably have a good re
covery this morning, but wujjd not follow
*■ ' as the money reuef is
It too far.
only Id
ifarshaU, ~8n*<fer <& Co.: Tbe stock
bet will probably be upward aa a result
of the certainty of large gold Imports
and easier call money.
The Brooklyn Rapid Transit report for
the fiscal year ended June 30: Gross earn
ings 318,473.328, Increase $2,189,833; net earn
ings $8,031,960. Increase $1,602,376: total In
come $8,355,886, Increase $1,574,176; net In
come after taxes and fixed chargea $2,742,
962, Increase $1,139,734. Tho net Income Is
New York Financial Bureau says: Wo
expect to sec extensive short covering this
morning on the Shaw relief. We expect
also to see a great deal of profit taking by
those who knew tho relief would come.
• were few. The government seems to
entered Into tho business of specula
tion. We would not follow up too closely
the advances, but would buy ou recessions.
The relief Is In sight, but not at hand. Iu-
tltnatlon* of government relief Just of the
give them a shave. We have always hob”
that with money permitting, tho fdg bull
fundamentals would Irresistibly work for
higher prices, end at the same time said
there could be no serious decline* even In
tho face of high money with stocks and
money In the hands of the powers, and we
see no reason to change our opinion. Wo
recommend conservatism still, but think th$
situation for the dally operator a little
Ibrlghter nnd wonbl accordingly act, looking
for more specialty movements upward ami
lielng governed by reason. The tiding over
of the drain will mean that In the forepart
of the year money will be fn supply amply
sufficient to enable outsiders to carry stocks
cheaply, comparatively speaking, and prices
should be higher, but meantime many re
actions will Tie experienced.
LONDON 6T0CK MARKET.
STOCK-
Anaconda.
Atchison
Canadian Pacific
Chic., Mil. and St. raul.... 1
Erie
Illinois Ceutral
Dnilsvllle and Nashville..
Reading
Pennsylvania
Southern Pacific
Union Pacific ..
United States Steel
do, preferred.. .. .. ,,
AT GENERAL GAINS
On the Advance Room Trad-
ers Hurried to Take
Profits.
REACTION FOLLOWED
Buying While the Reaction
Was in Progress Was
Confident.
MONEY ON CALL.
Money on Call: Open 20; high 25; low «.
By Private Leased Wire.
New York, Sept. fi.—The professional
traders saw fit to consider Secretary
Shaw's action In facilitating gold Im
ports dlsappointlng. and when the mar
ket opened at advances over last night's
close, they sold stocks In sufficient vol
ume to cause some recessions in the
first half hour of the trading. Here
and there, however, there were some
fairly aggressive buying by bull cliques,
notably In the case of Amalgamated
Copper and one or two other active
stocks which tended to impart a rather
strong tone to the general list, though
the advances were not up to London's
higher range. When the first call loan
was made at 20 per cent, and then fell
a few points, a fresh buying movement
started, and led by Brooklyn Rapid
Transit, there wer# numerous recov
eries In prices. Reading soon ht t ame
the leader, scoring a sharp advance
which held the list. On the whole, the
market, while active and in the main
strong, showed a narrower distribution
of business, always a symptom of the
outside Interest In speculation. Sen •
tlment was mixed, the money market
continuing to be the principal deterrent
to extensive committments on the bull
side. At the sarno time, the stock mar
ket gave every Indication that with
a decline In tho interest rates, the pooli
and cliques would not find it difficult
to mark up prices and stimulate out
side trading.
The stock market opened generally hlgn-
*r. galna over yesterday ranging up to
H In St. Pan!. Louisville nnd Nashville
tdvnnced %, Smelting H, Brooklyn Rapid
Transit 1 per cent In nil; United States
Reel preferred \L; Baltimore nnd Ohio,
Pennsylvania, Chesapeake nnd Ohio 44,
Southern Pacific V4 and Delaware and Hud
son 4i per esnt Amalgamated % higher
and advanced la all 1?4 per cent.
— —- ~ nuu
After the atroni
ong opei
the noil
lug, the room hur-
?y of selling stocks
feature of tho first
PRICE CURRENT CROP REPORT.
Sept. 6.—The Trice Current
.reek has been favorable for
the growing corn crop. Will be practical
‘ out of danger t ' * ‘
frill acreage
lie sown, re
packing 390,
ge of winter wheat likely to
Interior grain movement light.
1,000/ agalnat 340,000 last year."
profits, and prices reacted from point
below the highest range of the first few
The buying, though, while this
*ra* In progress, was confident,
iportant financial luter-
«... ... The losses od the re-
nctlous were easily recover, nnd nt the
end of the first hour shorts became nerv
ous nnd were anxious to cover, nlthough
there wa* little supply then In sight around
prevailing quotation!.
at over 60,000 shares, but In tho late
THE METAL MARKET.
Copper ruled strong.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCK BONDS GRAIN
Ground Floor Oould 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
ncrcacNce, THE NEAL dank
PHONE 1417. PRUDENTIAL DLOO
cottonVg^i^, Provisions,Htocks^bonds,
few M Cettee Mate*.
Sew 0/itatf Cello" Dchj/ijf.
ihtrsctl Coffee AttoclaUoa.
hi*nun to How York, Hew Or/esee. CWcsf*.
Bell Fkoat 1262.
CbUtgo Board of Trado.
Chicago Stock tie baa go.
tew York Coffee ticbaego.
B. C CODfHAH. Kiiierr.
standard Fhooe 9L
HUBBARD BROS & CO., tmam*
Atlanta Offices. 219-221 Century Building.
Member. New York Cotton Exchange, hew Or
leans Cotton Exchange. Uverpool Cotton Amo-
clatlon, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchangee.
Direct wire service. Correspondence Invited.
Phones 451, Long OUtance J». A.S. Huttace. Mgr.
3| % 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 Investigate
our facilities to serve you. A hearty welcome awaits you at this
bank. >
ASA G. CANDLER, President.
W. H. PATTERSON, VIee-Prea. A. P. COLES, Cashier.
JOHN 3. OWEN3, Vlce-Prea. WM. O. OWENS, Aaat. Cashier.
r
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vloe-Preeldent.
H. T. INMAN, Vice-President. QEO. R. DONOVAN, Caehler.
JAME3 8. FLOYD, Aee't Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
4
WM. L. PBEL. President. ,
BOBEBT F. MADDOX, Vice President
THOMAS J. PF.FPI.ES. Cashier.
JAMES G. LESTFU. Assistant C
ashler.
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 in our Savings Department.
Safe Deposit Boxes
For rent in our Vaults in the basement of the
Empire Building for only $5.00 each per
annum. . _ -S
Absolute Security atid all Modern Conveniences
You should not be without one. We invite
you to call and inspect them
Title Guarantee and Trust Co.