The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 07, 1906, Image 11

Georgia Historic Newspapers

The Atlanta Georgian., September 07, 1906, Image 11

About The Atlanta Georgian. (Atlanta, GA.) 1906-1907 | View Entire Issue (Sept. 7, 1906)

Page of 12

Prev Issue Next Issue

Text PDF JP2 (3.0 MB) Clip/Print Image

Page of 12

Prev Issue Next Issue

Return to Top

Newspaper Page TextTHE ATLANTA GEORGIAN. FRIDAY, 8EPTRMDER 7. 1!V*. 11 Liverpool Failed to Meet Advance in American Markets Yesterday longs LIGHT SELLERS Market Is Expected to Con tinue Dull Until After Bureau Report. nr Private lenwl Wire. vork. tiept. 7.—The local cotton market opened S&* points lower today, 5r,‘ Vi» not so weak ns expected on the Idle, ’win* to the fact that heavy cor- Slag 'orders front Interests In the South Jid accumulated overnight. Thu erpool, nnirt^t rtowed on futures. Mur HL- . - Jhni an advance of 154 points in Increnseil demand, spinners tik ns 7.00» bales nt B.«d. 4 points up. York, to follow Liverpool, should ►ivo opened about * points lower, hut on “ ,o covering orders Initial prices were 2f|o Sts down. A slight further Improvement occurred immediately after the I rat eel . if er Which trading was very quiet, with the tendency downward, through tiuctua- 'Sn and weather reports nre favorable, llnjush boll weevil anil other Insects nre .Snorted ns doing some damage In Texas .. n result of recent mins lu some sections. However, the weather Is reported clearing '"The New York Commercial says: "lie- non* from eorrespondonts Indicate the crop f r n'mlng season will. In all urolmhlllty. he larger than Inst year, but will not Mual it,,, l,“mper yield of yoar liefore la.t.’ ? The eastern forecast Indicates showers late tonight or on Saturday for west Hor- "in Alnltsma and Mississippi. For the ha Inner, fair tonight and tomorrow. Estimated receipts tomorrow: New Orleans 1.706 lojti 6.600 to 10.500 11,90 Houston 7.600 to MOO 10,4 * ...• > l H *Msln« huwamAnt • Fop twent* ntr- ,760. Weekly Interior movement: - _ eight Interior towns: Iteeelpta 74. i.yjs last year and 106,400 In 1904: Shipments 74,783. ngalnat 44.»0Jast year. 90.944 III 1904: stocks 106.087, against f SSI Inst rear nuil 70,816 In 1904. ' into -lg(it for the week m<09. against tp.ffil last year and 163,642 In 1904. Overland to northern mills ami Canada I," the. week 3.685. agalnat 4.2*4 last year "KlnVs* Insight' for week 113.306, against Inst year and for season 113,306, ngnlnnt Zll.Ml Inst year. on vigorous hammering by the bear* the market In the late trading worked ■tendilv, the close living at the lowest point of the day. net 4C17 points lower. 8POT COTION MARKET. Liverpool, cotton, spot demand In creas'd. with prices steady; middling up- lands 5.4M; sales 7,000: American 6.100; •peculntlon and export 700; receipt! 4,000, til American. Atlanta, quiet nt 9V4c. New York, quiet nt 9.80c; delivered on contract 600. New Orlenns, atendy nt-9ftc. Ilouaton, steady at Olio. Gnlreiton, firm at 9 5-10C. Wilmington, nominal. NEWS AND GOSSIP Of the Fleecy Staple. Prtvnte Wire to Wsro & [.eland. late. At 13:16 , steady. Sales 7,< ■ome 7H up. near nn«l $4 down — . m., %<gH4 down aud 0; apota 4 up. Due . l2i! ou ?P p ned ntout B * "pelted on Liv erpool espies. Selling ubx pretty general by commission houses and local longs of Vi . ,..The hurricane nnd storms pre dicted on the Atlnntlc coast seem to have hceu aide tracked, giving hear* more con* naence this morning. l.ook for a uerroui market-tfce-wext few days till the bureau. The mnrket since the opening his display, ed considerable strength, taking f~ - J cotton, and working up from i jirice*. It looks na though one ... iur largest hears on the floor covered his short cotton yesterday, although the Home party Ih inclined to sell again this morning, there are e lot of private reports her** of deterioration nnd boll weevil In Texas. Look for a nervous market. Think It will bu a good scalping market until the bu reau Monday to sell on rallies nnd buy oo weak spots. H. Wilson Is offering 6jo00 December lays In our territory, nnd complaints deterioration from the flattering prospects of two weeks ago ore general. There Is u- doubt that with these eoutinued rains some damage must result from rust, shedding, worms nnd too rank growth, preventing natural fruitage. Notwithstanding this, ns far as southeast Missouri, Arkansas and tho north portion of Indian Territory are concerned, there Is i much bettor crop than Inst year now In sight, dome new cotton hna appeared, nnd picking In the uplands will become general next week. New Orlenns. Sept. 7.—Cables nre uufn ▼arable nnd considerable fresh buying will prohnldy be necessary to hold prices ui on this side. The expectation of bulllal week-end figures may help some. The weather map shows practically raln^over the belt. Temperatures are about Telegsams from New York aay that it la rumored there that the bureau will sup plement its leport on condition l»y giving on estimate from Its field agents of the deterioration that has taken place since August 26. This rumor br.a not been con firmed. Tbe net stock of cotton In New Orleans la 13,429 bales, against 41.7V? at this time laat year. The amount of cotton ou ship board la 2,492 hales, against 3.646 last year. The government lnauea a storm warning. It say* the tropical storm la m ward the east Florida coaat, nnd center of the storm la north of the Bnhn mas. The market la dull and narrow, nnd lit tle activity may be expected until after tbe bureau. The s are quit..., — _ .. Thus far, about 3,000 bales have been sold. Some heavy selling of December In our market. Looks like Brown. Private Wire to Olbert A Clay. New York. Sept. 7.—Liverpool at 12:30 , m., was 2% lower. Was due lVf The market is entirely local, wltl son nnd Mitchell selling and Norden buy- U| fhe Chronicle makes the commercial crop of 1906-1906 11,319,840 bales, against 13^56, 841 In 1904-1906. ^ m Total consumption all kinds cotton In 500- pound bales 16,393,228, against 16,641,667 pre vious year. . „ „ The Journal of Commerce says: A full volume of business Is going on generally, but buyers will not take more than they require for their current needs, which are large. They admit the acarclty which rests in many lines, and, In fact, are saying freely that they nre like peddlers In some things, hunting from house to house try ing to do business. New Orleona, Sept. 7.—Liverpool at points down la a poor market. Was due point up. Our traveling representative irmai TODAY’S PORT RECEIPT8. The following table shows receipts at tha jvorti today, compared with the same day New Orleans. . . . Galveston Mobile Kuvnnnnh. . . • . , Charleston. , . . , , Wilmington. , , • , Norfolk Baltimore Bouton _ INTERIOR MOVEMENT. Tbe following table shows receipts at tho loterlor towns today, compared wltb tho same day last year: Houston. . Augusta. . , Memphis. . St. I.ouli. . Cincinnati. . Total. . 10426 13164 WARE A LELAND'S „ DAILY COTTON LETTER. New Orleans, 8ept. 7.—The cotton market was dull today and had a down ward tendency. Liverpool {ailed to meet the optimism that prevailed oh this side yesterday and the result was that longs were rather Inclined to lessen their hold- m*e. Spots were easy In spite of many hulllsh crop telegrams from the Inte rior for the simple reason that they nave been covering for several days Part. There no longer exists any un wieldy short interest In the market. Tomorrow and the first half of the Mon-lay session will probably be dull, with the bureau out of the way more fresh business will probably bo seen. Now that we are right on top of the “ areau ,here l« .till aa much uncer tainty over what the report will be as • v *r. The trade has hardly attempted I?..™ any 1( iea of what the report on tinning will be although It is, of course, Jfneraily conceded that the amount fe urned will fall far ihort of what was returned last year. The bit of gossip is l 6 *? 1,1 * ,0 *he report on condition Is inat the government will Issue s. sup- ; re P°rt giving an estimate of What has happened to the crop’s con- “‘Ilon Since August 26. This rumor, however, utterly lacks confirmation. If such a report were Issued It would un- doubtedly be very bullish for, accord- to reports from the belt, the crop ti-’terlorated to a marked extent r.August 26. The movement la ■at becoming a strong bullish argu- ™ht Hester resumed his figures on we crop movement today and made old lands; nil gins along ro Today's map Is excellent. ... In the west and cloudy In the east. The only rainfall to amount to anything has fallen In Tennessee, while the expected storm has failed to. materialise. THE COFFEE MARKET. New York. Sept. 7.—The opening was steady at unchanged prices to an ad' vance of 6 points, owing to higher ca- tries, and prices held aroutid the Initial figures during the forenoon, although offerings were quite heavy and demand showed little Indication of broadening. Europe and Wall street sold here, while the buying seemed to come from prac tically the same sources aa yesterday, Including some of the local trade In terests and shorts. The European sell Ing was thought to Indicate profit taking by some of the European Inter- eats who sold on the valorisation ad vance, covering on the subsequent de cHne, and have recently sent out rather bullish messages and might now be taking a moderate profit on long cbffee. A prominent local authority on coffee subjects In an article published this morning slates that the recent decline In Brasilian markets and lower firm ofTers have resulted from the forced realising of speculatively held supplies, rather than selling by growers, and this seemed to accord with a private cable gram received late yesterday from Havre that Santos holders were with drawing offerings also with the higher primary markets, according to this morning’s cables. Rio was 126 rels and Santos 100 rels higher.—Ware A In land. Following Is tho opening range ami el of the New Tork coffee market for to day: January February Mnreh - April •May - Juno July Aumut. September October November... . December.. .. .. Closed steady. Opening Range. Clow. ..,.6.60 6.71) 1751.90 ..6.66-6.75 . .6.78 ..6.80-6.86 6.90 . .6.904.9* ..7.00 ..7.00-7.10 .6.26-6.40 ..1.304.40 .6.164.60 ..*.96 6.804.36 6.834,96 7.007.06 7.06-7.10 the amount of cotton In sight for the week 121,000 bales, against 222,000 this week last year, 163,000 In 1904 and 27,000 In 190*. The lack of export de mand, partly but not wholly, explains the light movement. One of the largest and most reliable spot houses In this market received the following telegram from Hope, Ark., today In response to a query: "We cannot make Arm offers at present on account of light receipts. In some sections the crop Is undoubt edly turning out later than expected and the lateness Is affecting the move ment to some extent. Again, many farmers are bending all their Energies toward picking and are storing their cotton In tho seed Instead of ginning It. GIBERT & CLAY '• k ALABAMA ST. STOCKS. BONOS. COTTON, CRAIN, corrcc. provision* ATLANTA. OA K» Y *«°ek Exchange INew Orlcat.a Cotton ExeBnn*e.|Chlcjiro Basra of TTsa*. V £ 9. 0,, on Exchange. New orlenns Ktock Lxchinge. Liverpool C®ttsn A NO-US u • '* tork Coffee Exchange.lxew Orlenns Board of Trsde.lOslreitoo Private Wires to all Exchanges. «esl and Long Dlstsnss Telephone 5298. w. R. FAGAN. MsnsQar. ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-five years' experience of ed ltlng markets In Atlanta nnd tbe Hoatb baa made him n 'recognized au tborlty la Ills specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Amalgamated Copper.. . Atlnntlc Coast Line. . American Sugar Kef. .. . Anaconda *, • American Locomotive.. . do, preferred Amor. Smelting lief. , . do, preferred Atchison . do. preferred. .... American Cotton oil, , • Amer. Car Foundry. .. • nndlnn Pnrlfle.l . . . , Chic. & Northwestern.. Chesapeake A Oh to. . . Colorado Fuel A Iron., dill, ft ill. 1". . , Sflijflfe A Hudson. .. Distiller's Securities. .. Krlf. „ do, preferred. .... General Electric. . . . Illinois Central. .... Amer. ire Securities. .. Louisville A Nnuhvllle.. Mexican C Mlnoonri NAME OF STOCK. N. Y.. Ont. A Western. National Lead Northern Pacific. . . . New Tork Central. . . Norfolk A Western. .. Pennsylvania People's Gas . Pressed steel Car. . . do. preferred. . . . Pacific Mall Beading Bepubllc Steel. .... Bock Island. do. preferred. . . . United States Ilultber. do. preferred. . . . , Southern Pacific. . . . , Southern Railway. . . , do. preferred^. . . , Sloas-Shefflelrr . . . . , Tenn. Coal A Iron. . . . Texaa A Pacific Union Pacific , United States Steel. . , do. preferred. . . . , Vs.-Car. Chemical. . * , do. preferred Western Union. . . . , , Wabash do. preferred Wisconsin Central. . . . do. preferred Total .fork Ml., today. 1,083.000 sharva w NEW YORK. xne following is the range in cotton f« lures In New Ydrk today: closed barely ateadyT" 9.36-37 9.41-42 9.49-69 LIVERPOOL. ruiiuniug mini' bit close, compared with yeat Futures opened uulet a. Opening Bf .—. _ eMail opened quiet and steady. Previous Range. Close. Close. September. . . .6.08-6.07 5.13 5.09 Sept.-Oct 4.97-4.9614 6.01 4.99 Oct.-Nov 4.96-4.94 4.96 4.96V4 Nov.-Dec 4.96-4.94H 4.98^ 4.97 Dec.-Jan 4.97-4.96 4.9014 4.96V4 Jan.-Feb 4.99-1.9714 Ml 5.00-5.1 Feb.-March. . . .5.01 5.03 6.02J March-April. . .6.04 5.06 6.04< AprJl-May. . . .6.04 R.06U 5.06 -JSne 5.08-6.06 5.08H 6.08 5-00*4 ilny-JSn Hosed firm. NEW ORLEANS. NOTES ON GRAIN Pointers on Provisions. Prlvste Wlro to Ware & Lelnnd. Chicago, Sept. 7.—Nothing In wheat at tbe wmlng. Crowd not disposed to set 1 '* fro ring* not large and demand small. Boscnbnum selling wheat. Looks os if ac ceptances were good. \ery light trade In provisions so tar. Scattered buying of ribs Induced by high “t |>og market. No features. Chicago Inter-Ocean: .Galveston Is block aded with wheat. The Santa Fe road yea* y Iiaued orders that they would not any more wheat for Galrcaton for ten «r until the blockade waa cleared One export bouse la said to have 600,- bushels wheat In Its elevator there, and 600,000 more rolliu* In, In addition to nearly the same quantity on track. It waa claimed that there were 1,200 cors of wheat on track. Elevator stocks there last Sat urday were 1.700,000. Until It Is possible to load out wheat Into vessela for export. ca»b handlers there 'were offering wheat Chicago yesterday mors freely than “ ~ month. A number of sales were n to come here, and an Increased movement from the southwest to Chicago !• expected. At Kansas City, 200 cars wheat were left ou the tables and told yesterday. Cash business in Chicago Thursday wai 5.000 bushels No. 1 northern wheat at S< over September In store, 78c. Corn. 110,- 000 bushel#, and oata 200.000. the latter In cluding 100.000 bushels standard at 44c over Setpember and 20,000 bushels He over Sep tember In store. The atotboard sold 625.000 wheat* for ex port. including 204,000 bushels Marconi and 12.000 Manitoba, tho latter to Canadian xportera. Charters were made for 96,000 bushels corn at lV4c to Buffalo. Cash Wheat In.Minneapolis was of HOHc prices , Wheat Is being threshed from the shock and marketed freely In North Dakota, wired M. Case, of Minneapolis. “I think the proportion of Marconi la larger than esti mated. Our men think this early rush will not last as long aa usoaL There Is more tendency to stack or hold it." Private Wlro to GIbert A Clay. Ing by pit traders. Trade was glow. The weather in the northwest was fine, but cars there, although Increasing, are Ir than half of last year. 1 Corn opened steady. Fine crop pros pects. Good weather nnd Improvement In Mis souri. Reports had no apparent effect — market. GIBERT A CLAY’S DAILY COTTON LETTER WHEAT OPENED WEAKJO LOWER Poor Cash Demand and Rather Disappointing Cables Factors. By Private I-rttM-tl Wire. Chicago, Sept. 7.—Wheat ruled soft during the day and It closed l-4©*-8c lower, corn 1.2Q6-SC lower, oata were oft a shade and provisions lost moder ately. The export demand for wheat waa small, and the clearances at the sea board were Ilfht at 2,933,000 bushels, compared with 6,081,000 bushels a year o*o. ... Corn clearances 128,000 bushels; week a(o 261,000 bushels. Cash sales of *raln were small both here and at the seaboard. Primary receipts wheat 686,000 bush els and corn 686,000 bushels, compared with 972,000 and 679,000 bushels, re. epectlvely, a year a(0. Clearances wheat were small at 40, 400 bushels for the day and 2,468,000 bushels for the week. Corn clearances 60,000 bushels for the day and 323,000 bushels .for the week. CHICAGO GRAIN MARKET. New Orleans, Sept. 7.—Options lnv proved sllchtly during the day’s sea. slon In Liverpool on less favorablt crop news, finally closing from X to mints higher than the previous day's evel. Holders of spot cotton were of fering freely, which In a measure off. set the Increased demand, sates aggre gating 7,000 bales at an advance of 4 mints In quotations. In spite of the fact that the many Indications yester day for bad weather today failed to materialise, prices held remarkably steady and continued so until the II quldatlon of the lon’g Interest, ac cumulated yesterday, sot In when prices eased considerably. The mar tet, however, was’an exceedingly dull and uninteresting affair and a general lack of Interest was displayed on all sides. This apparent antipathy on the part of the trade Is largely due to the near approach of the day set by the government for the publication of both gtnners' and condition reports. It Is almost Impossible to forecast with any degree of accuracy what the bu reau's estlmats of condition will be, for lately ao many unfavorable reports have been received and so Insistent have some of them been as to ths un mistakable deterioration, that a feel ing has been gaining ground that the tnfe .damage has been greatly exag gerated, but then It must be remem bered that the report will embody only that period ending with the 26th of last month, and hence the late unfav orable rain will have become elimi nated. J. ANDERSON * CO.’S DAILY COTTON LETTER. New York. 8e|it. 7.—Spot sales In Liv erpool this morning were 7,000 Itsles nt sn advance of 4 points, hut. notwithstand ing this better strength In the .pot de partment, tho fnture market failed to re spond to the rl»e In our market of yester day, sad opened at s decline of 1471 point., Indlentlng clearly the temper of the trade for the prerent. The New York marker opened steady Hh down from yesterday's finals and dHrine the mornliuf ruled steady around those prlfea, hot dull. There was dlaporilloo at one tints by some opera tors to hid the market dp. hot their efforts were not rathnalaatlc and soon cessed. Ite- porte from the belt were shoot a stand off. tint the weather man showed fairly favorable conditions existing. This being the period of crop ileterioratlon. the bears were not dtapored » lie persistent, and on the other hand tbe balls nre awaiting more decided advene reports, before mak ing any rigorous onslaught. In the mean time, Ihe trade continues to hrllrre In a ■ Urge yield antes, the rrop 4s orrrtsken by some unforeseen catastrophe or su edrlj LIVERPOOL GRAIN MARKET.. Wheat—Opened unchanged to Me higher: _t 1J9 p. m., t*e lower to l*c higher; eloicd He lower to He higher. . ’ Corn—Opened nurhangrd: at 1:36 p. m., unchanged to Ho lower; closed unchanged to He lower. NORTHWEST CARS. last week and last year: CHICAGO CAR LOT8. Wheat, t'orn. . Oats. . Hugs. . , PRIMARY MOVEMENT. The following figures (Ire tha primary movement of wheat and corn: Wheat—Receipts today 583,000 bushels, agalnat 913.000 bushels last year: stdn. meats today 367,006 bushels, against 336,• 000 bushel, last year. Corn-Receipts today 639,(100 bushels, agalnat 630.606 bushels fast year; shipments totlay 296,000 bushels, against 611,006 bushels last year. THE SUGAR MARKET. Private Leased Wire. .few York. Sept. 7.-Ux .... fined sugar steady and unchanged. Iximlon sugar market steady with Heptemher and Octal<er unchanged it 6s 644d sod b 4H*L respectively. NEWS FROM CROP SLIGHTLY BULLISH Sew York, 8ept.. 7.-The Sun ta?i: “The rocklnr* of the cotton market tent prices unwara yesterday, owing largely, tp P feara that a tropical atorni may atrike ihe cotton country on the Atlantic coaat. AJao, It efflrmed that Texaa baa alreadr re ceived much damage from rust, shedding and the attentions of boll weevil to the plant. It eeema, too, according to many which If not accoin P« n £ l J?J orders, nevertheless had f 11 ? 1 thc P* nnt !■ In all the Atlantic states, and Just In the right state for something or other unfavorable to ban- pen to It. Some of the bears, covered freely partly from n desire to Hear the decks lH*fore the publication of the govern' went reports which will appear on Mon day. Few care to hasnrd an oplnlou’as to what these will state, though eomo ex* pram tho belief that the condition will Its own volition or by reason of manipula- tlon from this side, nnd this fnct was not without Its Influences here. large spot In- terasta were buying. The «pot markets hold up rsry well, and tbe dry goods trade reports are In the main cheerful and en couraging. The largest buyers were bulls who bought here and in New Orleans." Olbert * Clay. Intuition at this time, knows not which way to turn, hence tbe cotton market, within limited scope, has developed Into a uncertain affair. For tbe Immediate fin hulls are depending upon a prop which may ot may not prove truetworr the other hand, many a bear hi to waver In the blind faith he ti tofore shown In the Iwnrish rsuse. Ih the attitude of thc average cloth merchant, there Is nothing approaching the marked enthusiasm that might, wltb logic, be look ed for were all tbe stories of ortvrpro- ductlon of raanrfscturcd goods trim. In the attitude of the farmer, there Is noth Ir - “ “ ‘ rsnt "the convletloii K that * the' yield will exceed another year'* cona'imptlon. The food supply will be large, nnd the geucral demand for labor, st least. In America, evl dances no Indication of early diminution. Welching these facta against the pessimis tic dogma that tbe pendulum baring swung high, must swing low again, raises the now paramount question: lisa or hn« not the tongue of the pendulum been shortened through the contraction of spec ulstlve power? Time can alone bring th< answer. Meanwhile, extreme caution It. both camps cheeks sdrsnees. and declines alike, for neither faction believes with Portia that tho quality of mercy strained.”—Ware A I a-land. THE COTTON 8EED OIL MARKET. Hhlpuient ai *r, with the i New York. Sept. 7.—The market for cot ton seed oil was again active and strong, selling up to tbe highest prices seen for several weeks. There was active bidding for cash and fleptemtor, BeptemUor show Ing an advance of 6c from the low point o! Align*t. . October waa In active demand, all offerings were readily taken. The lui proved situation continues, Influenced very largely by the srthre demand for export, ■amettlsrlF “ " “ ‘ ““ * fair ln< ■took*. . r -J-, j -i-.-r- fled by sdvsndng the msrket. and while there Is some Increase In offorluga of new oil, B bss not beeu suffldcut to check the advance. The market at the close was firm and generally H0!c higher, Ware A Leland. Openjni September. . • October. . • • November. . • leceinber. . • , snuary. . . . March. ..... closed* quiet. SOUTHERN EXCHANGE Oldest Eetsbilsh.d Office South. C 0 not—STOCKS—BONDS—GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Comspondsnt’s Capital $250,000 REFERENCE. THC NEAL, BANK RHONE f4tT. PRUDENTIAL BLDO f0,t, * Hew Orlttat. ootton^g^ain', ^Frov*isi5n$HtocksPbonds, * IT,(ISI,. MnMjh* filliali. fire r„> CilUn ruling.. Ciltifo fi.irj #17rW«. Orlr.t, C.ff.s fieAt.,e- 5f«t f«_Aafl,.. LI,treat Cell*. Si*otl.ll.., frit lit Wiitt It Htu Tor I, Ntw Orient. CUcni. him, ««i3«. ro'* Collet [icMllff. TIPS FLASHED From Wall Street Private Wire to Ware & Lelnnd. New York, Sept. 7.—London mixed, Canadian Padflc and St. Paul up point early. Further gold Imports likely, and be lieve total engagements will exceed 320,000,000. There In very bullish talk on Union Pacific, Atchison, Baltimore nnd Ohio and Norfolk, and look for stiff advance In Copper and Anaconda, and a good- nixed buying movement la likely to take place In Steels. Time money still commands stiff rates, but doubt If there Is any further stringency In call loans. Would favor taking on the good stocks whenever sold. 8tocka opened somewhat Irregular, but disposed to show a strong front. We have It from a very good source that Colorado Fuel Is In for a big rise as soon as the ore deal Is announced. Steel, common. Is ex-dividend 1 per cent, and on Its next rise think will cross 60. Decision In the ore case Is favorable to the Great Northern road. They are talking 116 for Copper to- day. Would buy Steel common and also the preferred. Dow-Jonra' summery: American stocks In Ixmdon steady at shout parity. Rumors of £500,000 gold engaged In Lon in today. Ex|>ected Importation of gold will he about an largo as tho gold movement this way In April. Shorn recovery Id Russian bourse and generally better outlook on International ■ffalrs. More demand for stocks In loan crowfi. Norfolk anil Western report shows su plus after charges equal to 9.59 per cent o common stock. Money In I.ondon continues easy In snlto P American demand for gold. Stiff money rates expected to contln but actual stringency la considered over. Iowa grain dealers* association estimates aUte cora crop at more than 400,000,000 pected to reopen for business shortly. Twelve Industrials advanced .80 per cent Twenty active roads advanced .30 per cent. Private Wire to Olbert & Clay. New York, Sept. 7.—Marshall. Spader & Co.: “We look to «ee & satisfactory market today, perhaps without a wide price movement, except In apeclaltles." Expect further recovery this morn ing. Would take profits and await some reaction before making new com mitments. The New York Financial Bureau says: Specialty Improvement seema to bo the or* depondentl)’ moved ami strongly tipped. Ho long ns an nnconservstlve plunging and broadening can be avoided the list should hold well with but reasonable reactions. This policy Is to lw commended. There Is generally a better feeling, and much of the opposition to Improvement hns been dissi pated by tbe money relief, which. If ample, will remove the only obstacle to totter- ment In the security list. Patience will to a virtue In the market for a time. Develop ments this morning do not chsnge the sit uation materially, but they show that the Interest of the public Is sustains, which Is a strong point. The public will uot liuy and pay 50 per A*nt for carrying stocks; neither will brokers do the same, and we anticipate that rates will to much easier next week. We would to conservative, recommending that the general list he bought on recessions, nnd specialties when they are aggressively handled, but only for turns for /he present. LIVE STOCK MARKET. By Private tossed Wire. Chicago. Sent 7.-Hoc#-Boce|pts 10.009. J2 c J‘fe^ r L‘I un *V*y fnIr; left over 6,189; bulk 36.3506.86; estimated for tomor row 3.000; IJfbtbog* >110i98.»; eAKV^hrevjr 95.— “^ A Tone of the Stock Market at the Opening Was Steadv, LONDON WAS A BUYER Street and Room Full of Bull Points on Hill Stocks Early. MONEY ON CALL. Money on call, open 12 per cent; high 17 per cent; low, 3 per ceat; close 4 per cent. 8008.30; yorkers' |i.« ^ vy 16.4508.66. Fo choice Tieav, Cattle—Estimated receipts 3,000. ... "teadv; quality fair: beeves 13.760180: cows Market . * lair. irer-»»*» •d.iaxft.o0; COWS .264f4.20; heifers |i26<08.20; calves |j.6O08; ood prime steers 3S.Sfj6.80; poor to me- him 33.7605.20; Stockers and feeders 32.25 Sheep—Estimated receipts 7,000, Market ■tw'LV quality Vi*1 ern |.T2Sf}5.69; yearling* 35.60C6.25; Iambi 31.501/S; western 34.60C7.80l By Private Leased Wire. New York, Sept. 7.—The stock mar ket today opened at about the same range of prices as last night’s. If ex pectations were entertained that the bull leaders had In mind a wild mar ket, they were disappointed. Cliques here and there pushed up prices some what, but in defense of their modera tion from the bull point of view they called It a safe and sane market. The tluctuatlons In the money market yes terday Indicated not ao much approach ing ease as a situation fairly w'ell un der the control of the leaders. Because call money on the stock exchange went to 6 per cent and after business hours a quotation of 2 per cent was made and widely heralded did not mean sim ilarly good fortune for today's borrow ers. The first call loan was made at 12 per cent, and then ran up to 17 per cent, fluctuating between these fig ures during the forenoon. It was In dicative of the growing confidence that the majority of borrowers took chance* of getting a lower rate. Stocks during the first hour showed no aggressive upward tendency, but when prices be gan to recede fractionally the market. In the language of the bulls, became significantly dull. There were several “strong spots,” and on the whole the market held well. The tone of the stock market at the polling was steady, nnd with the few exception*, price movement* showed an average change of not more than |V4 |>er cent. Brooklyn Rapid Transit was one of the most arrive features, and on heavy In- Itlnl dealings opened * 4 c above yi»*terdny'ii nnd gained another J 4 c. United States • Steel common was also heavily bought. It opened at 47, reaching r gain of Sc. Canadian Pacific rose IV* nod Baltimore and Ohio waa up. *ic. Gains of Ke were ret'orded In St. Paul. Louisville nnd Nashville, Chesapeake and Ohio and Chicago nnd Northwestern. Aqinl- stoeks. Bending nnd Union Pacific, and in tho early trading those stocks made sharp advances. Tho supply increns * cant buying was lu Northwest, bought 50,060 shares. Government bond* unchanged. Other bonds lower. LONDON 8T0CK MARKET. STOCK— Anaconda Atchison Canadian Pacific Chic., MIL and St. Paul.. Erie Illinois Central .. Louisville and Nashville. . Beading .. Pennsylvania. ..... Southern pacific. Union Pacific • United Htnte* HteeL. «... . do, preferred. ...... 178% 178 181% 18H4 47% 47H 113*4'143V 9214 92% 19444(193% 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. w Joseph A. McCord, Ca aider. Third National Bank Capital. Surplus $200,000.00. $300,000.00. Dr. A. W. Calhoun. DIRECTORS: Frank Hawkins. H. M. Atkinson. Joseph A. McCord. J. n. Nunnnlly. J. Carroll I'tyne. E. B. Boseer. David Woodward. WJL L. PEEL, President. ROBERT F. MADDOX, Vice President MADDOX=RUCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 1-2 per cent interest paid and compounded semi annually in our Savings Department. Safe Deposit Boxes For rent In our vaults in tbe 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.