Below is the OCR text representation for this newspapers page.

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.