The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 08, 1906, Image 11

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■ THE ATLANTA GEORGIAN. 11 Liverpool Failed to Meet Advance in. American Markets Yesterday LONGS LIGHT SELLERS I Market Is Expected to Con tinue Dull Until After Bureau Report. The tool cntton iJrtrt opened W* points lower today. Ki. w«» not «o weak as uprated cm the owtn* to the fai t thnt henry cot- Ewbrl.hi from Interentn ID the South ^.“cuinalated overnight. W Uverpoot market 'i,..,.. tiii. mor ... ahoweil rather RSimeaa thla morning than eif'Ct- £°"n futuren. holng Ji«t .point .town, “hen nn ndraace of 1V4 point* wna ex- K*!- In Increased demand, Bplhnera . X; jnoo bales at E.tld, 4 polnta up. mg York, to follow Liverpool, should •... nrs'iied nlaiut B points lower, hut on Kmr tovorlnc orders Initial price* were :fif> EJIu down. A slight further Improvement CSJd immediate after the first rail. Iffer which trading wna very iiulet, with Be tetdency downward, through tluctun- rron sad weather reports nro favorable, thoura holt weevil nud other Insects nro _ _ nsei some damage In Texas I rMU |t of recent rnlna In some sections. IP" __ Mtoolliop <■ ritimPliul p|i>a t*l ti tfi I rf|*ort«l In’ewfvfr' tbe weather IV reported clearing . tS'Ketr Vork Commereta! says: “He- I Harts from correspondents Indict. the crop IT tmuitun will. Iii nil nrnlmhlllti’ C ...iniliilt season wilt, In nil probability, be larjer than last rcr, Cot win not ejrnal ••imM o| ypfi r liAfnm ln«l.'' ... ... year before last, forecast Indicates showers Saturday for west Fior- ^pl. For the omorrow. Eitiui'i'teil reeelpi ■ lir . Itbc I'liaiper jleld I ri "' rfiL'f ||lte tonight Private Wire to Ware & Leland. Np ' V •SP t *_ 7.—Liverpool opened down on near it V* down —. —" --•— p. u., tju'IU down i come^ftt up* 08 8 P°t* 4 up. Due onened about oh expected on LI i s ?**D n C "as pretty genei jiaslon houses nud local longs jtfrt>rday» The hurricane and storms pt^- dieted on the Atlantic const teem to have been side tracked, giving bears more con* J2SS25 morning Look for a nervoul market the next few days till the bureau ed considerable _ cotton, and working up from' prices. It looks ns though one orgeat bears on the floor coveted his short cotton yesterday, although the same party js Inclined to sell again this morniug. i here are a lot of private reports here deterioration and boll weevil In Texa* Look for a nervous market. Think It trA no ft good Beal ping market until the liu reau Monday to sell ,T ‘ agg weak spots. rallies and buy H. \Vil8on Is offering 6,000 December O.lPe. Kchlll and Ilfly are picking up cdtton. Loteer-Uoldmna weekly letter: Rains hnve been quite general tor the past two days in our territory, and complaints deterioration from the flattering prospr of two weeks ago are general. There Is u doubt thnt with these continued rains some damage must result from rust, shedding, worms and too rank growth, preventing natural fruitage. Notwithstanding this, far ns southeast Missouri, Ark.inn is the north portion of Indian Territory concerned, there is a much better crop than mat year now In sight, Homo new cotton has appeared, nml picking In the uplands will become general next week, New Orlenns, Rept. L—Cables are uufn rorabls and considerable fresb buying will probably be necessary to hold prices Uj "tv up iioTPfiuij in mini liners 11,1 on tills side. The expectation of bullish ■plegranis from New York say that .. Is rumored there that the bureau wlu sup piement its teport on condition by giving estimate from Its Held agents of the August 25. 'fills rumor ! Armed. The net stock of cotton lo New Otlenus In 13.421) bales, ngnli-st 41.7*7 nt tills time last year. The ntnoufit of cotton on ship board Is 2,493 bales, against 3.646 last year. The government lesues a storm warning. to- 8, Al.iit.inu nml MlaalMtppl. Llano-. fnlr tonlsht nml tomo «./>Aii>ts tomorrow: 1906. 1906. I \vw Orleans * •• ••1.206 to 1,700 2,095 I(intfcVton 9.500 to 10,500 11,968 ■tinniton ;?:*» to im 1 TV«kly Intsrior mowmini: lor twmit.v- rl-ht Inh-rlor • town*: Hwolpts H.7M, lalnit 1.23 loot yenr nml 106,100 In 1904: life tour uml 70,816 In 1904. I Into ,1ft6t for the week 120.709, ngnimt |n«l Inst year Old 153,542 In 1904. I orerUnd to nnrtliern mills anil I minds l,„ the seek 3.896, igaln« 4,34 last yent I* KIM? Inslkht* for week 113.306. nonlnst lust yenr find for season 113,3% Isrilnst 231.2*1 lsst yenr I on vlftornun hammering Iiy the ben, I III, ninrkct In the. I»te trading worked I steadllv. the done living nt the lowest IKilnt ■ of the' ilsy, net 4®17 polnti lower. SPOT COTTON MARKET. Liverpool, cotton, spot delnntid MU It.wu; ssies <,ww; ADirm-uu «,JWj ■ iMftilntlon and export i00; receipts 4,000, I all American. Atlanta, quiet at 9%c. „ _ New York, quiet at 9.S0c; delivered on laontrict 600. Sew Orlenns, steady at 9%e. at 91 ..'Hmlngton, nominal. Baltimore, nominal at 9%c. Memphla, quiet At 9%c. Mobile, easy at 9c. Charleston, steady at 8Tic. ward thn enst Florida const, end Ml center of the storm is north of the Riba mas. The market is dull and narrow, add lit tle activity may be expected UuUl after the •urenu. are quickly absorbed nt yesterday's pri Thus far, about 3.000 bales haro been sold. market IBooks Private Wire lo Gniert * Clay. New York. Sept. 7.—Liverpool at 12:20 p. ni., wna 2V6 lower. Was due ltt up. The market Is entirely local, with Wll* •on and Mitchell selling and Borden buy- *. h * eenimerctnt crofi 9,8<0 bates, against 18,656,- 841 in 1KM-1906. . t Total consumption all kinds cotton in 500- pound bales 16,892,228, against 16,641,667 pre vious year. The Journal of Commerce saya: A full volume’of hualne#* is going oh generally, but buyer* will not take more tMr *— in many lines, ana, in fact, are saying freely that they are like peddlers In some things, hunting from house to house try ing to do basinets. New Orleans. Sept. t-Llverpoo! at points^down la a poor market. Wi« due po^nt representative __ wires TODAY’S PORT RECEIPTS. _ The fellowlag table shows receipts at ths Irrta today, compared with the same day I ait yttr: I N>w Orleans. . , |Gilr#iton. . . . I Mobile ISarannsh. . . . Iciulrloatnn. » , . I Wilmington. . • I Norfolk llUltlraore. . , . , I Boron. . . . Total. ^ INTERIOR MOVEMENT. B . TBe fonewlbg table shows receipts at the interior towns today, compared with the lianie day last year; Hoaaton. Itfotta. . Memphis. 10426 18164 WARE d LELAND'S „ daily cotton letter. New Orlssns, Sept. 7.—The cotton •jsrket was dull today and had a down- "Srfi tendency. Liverpool failed to meet the optimism thst prevailed on this side yesterday 5“. result was that lungs were rather inclined to lessen their hold- 13,’.’ .“P 0 ** were easy In spite of many witl.h crop telegrams from the Inte- r™ r *® r the simple reason that they JJJ? b '<“h covering for several days wt. There no longer exists any un- Jtsiily short interest In the market. Tomorrow and the first half of ths BSS-'f session will probably be dull. in.:.'"/ "-"•lun win prooauiy or uuu. initn the bureau out of the way more business will probably be seen. '“*t we are right on top of the ,,, r ' au 'here Is still as much uncer- Iv. 1SL TT what ,h ® report will be as sty Idea of what the report on shining will be although It Is, of course, jeneratiy conceded that the amount ” will fall far short of what was eturned last year. Tho bit of gossip r -t to the report on condition Is the government will Issue a sup- »t.^TI' a re P° r t giving an estimate of "as happened to the crop’s con- wion sinre August 25. This rumor, S5*! #r - utterly lacks confirmation. If 3o.,k. n Twport were Issued It would un- -wutitfdly be very bullish for. accord- t--s to report* from the belt, the crop ! ,rlnr » t *d to a marked extent ""fe August *6. The movement Is “' becoming n strong bullish argu- ti., 1 ; Hester resumed his figures on crr >p movement today and made Our traveling representative wires Shrovenort to Texarkana, along Red riv er, fine crop; hill seotlona goml; think condition ns good as 1904 snme date. Stilt blooming In low lands, opening rapidly on old lends; all gins along route running. Today's map Is excellent. Clear nml fool In the west nn.l cloudy In the east. The only rnlnrnll to amount to anything tins fallen In Tennessee, white the expected storm hns fatted 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 bles. and prices held around the Initial figures during tho 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 as 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 ests who sold on the valorization ad vance, covering on the subsequent de cline, and hive recently sent out rather bullish messages and might now be tnklng a moderate profit on long coffee. A prominent local authority on coffee subjects In an article published this morning states that the recent decline In Brasilian markets and lower firm offers have resulted from the forced realising of speculatively held supplies, retbsrtni * * |M| jan 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 115 rels and Santos 100 rels higher.—Ware A Le land. of the New York coffee marl day: for to- January.. February. March.. llaocr. 8.60*70 8.86-8.7! 175 April lgj>-A«* October JJ-tM November 8.36-8.60 December ••••» Closed steady. 8.994.86 7.00-7.06 7.66-7.10 140160 *e» 170-8.76 the amount of cotton In sight for the week 1*1,000 bales, against HMN this week last year, 166,000 In 1904 and *7,000 in 1*01. The lack of export de mand, partly but not wholly, explains the light movement. One of tho 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 firm offer; at present on account of light receipts. In some sections tho crop Is undoubt- edly turning out later than expected and the lateness Is affecting the move ment to eome extent. Again, many farmers are bending all thtlr energies toward picking and are storing their cotton In the seed Instead of ginning It. Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-live yeors* experience of ed iting markets In Atlanta and the South hns made him a recognized au thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAMB OF STOCK. Ainalgun Atanrohdh. . . . American Loromotlve., do, preferred. . , . Anicr. Smelting Ref. , do, preferred. . . , Alf-hlson * . , do, preferred. . . . American Cotton OIL . Amer. Car Foundry. Baltimore & Ohio. . .. Brooklyn Rapid Tran., Canadian Pacific. . , . Chic. & Northwestern.. Chesapeake & Ohio. . . Colorado Find & Iron.. Central Leather do, preferred. . . . Clilc. & Great Wftftt'n. Chic., Mil. A fit. I*. , Delaware & Hudson. .. Distiller's Securities. .. Brio do, preferred. , General Electric. . , , Illinois Central. Amer. Jeo Securities. .. Louisville A Nashville.. Mexican Central. . . Missouri Pacific. NAME OF STOCK. N. Y.. Out. & We*tern. Notional Load Northern Pnetflc. New York CentrAl. Norfolk & Western. PeunHjIvnnln. . . . I’cople's “ Pressed Steel Car. Pacific Mall. . . 1: i . i < ] I n lt Repul.lle .Steel. United States Rubber. • do. preferred. . . . . Southern Pacific. . . . Southern Railway. . . . do. preferred. . HIoss Sheffield. . . Tenn. i *.»nl A Iron. Texan A Pacific, . . Union Pacific. . . . United States Steel, do. preferred. Vn.-Csr. Chemical. do. preferred. . Western Union. . . Whbnsh do. preferred. . Wisconsin Central, •referred. . NEW YORK. me following is the range in cotton to lures In New York today: Sept. . , Oct. . . Nov. . . Dec. . . Jan. . . Feb. . . March. , May. 9.06 9.07 9.17 -9.20 9.06 9.24 9. (ilose.1 barely .tt-mlr. 8.641 8.60-tei 8.76-SO 8.84 8.84-8SJ 8.00*1 1 07 9.0687| 9.00,11 01 9.0687 9.U-82 !^MBSS8 9.26 1.26-27 9.41*42 9.361 9.36-371 9.49-50 Total stock sales today, 1,088,000 abares. LIVERPOOL. Following tabic giro# opening range and close, compared with, yesterday's Futures opened nhlet and steady. Opening Previous Ranr Oct.-Nor. . . Nov.-Dec. .. Dec.-Jan. . . Jan.-Feb, . . F«b.-March. . March-April. .4.97-4.96% 5.01 4.90 .4.994.9! 4.98 4.99%. .4.96-4.94% 4.98 4.97 .4.07-1.96 4.99% 4.96% .4.994.97% 5.01 5.00-5.00% .6.01 6.01 6.02% .6.04 5.06 6.04% Cloned firm. 5.0S NEW ORLEANS. lure. In New Orlesn. today Bept . Dec. . , Jan. . , Feb. . . March. \t» NOTES ON GRAIN Pointers on Provisiont. Prlrnte Wire to Ware A LeJand. Sept. 1.—Nothing In wheat nt the opening. Crowd not disposed to e»'ll It, Ouerlngn not large and demand small. Rosenbaum selllqg wheat. Looks ns If ac ceptances were good. centanceH were gootl. a , Wl trade In provisions ao fsr. Scattered buying of ribs Induced by high- ■S hfl* iiinrlr.S .......... erbog market. No features. Chicago Jnter-Ocean: (Jalveston Is block ■oojl With wheat. Tho Santa Fe road yes terday issued orders thnt they would not Itake any more whent for Galveston for ten days, or until the blockade was cleared [One export bouse Is said to have 500,j nna pmwj mure rolling nearly the same qusntltyVP^liVB^PEViP claimed that there were 1,200 cots of wheat on track* Elevator stocks there last Sat- prdsy were L700,p00. Until It Is possible to loed out wheat Into vessels for export, no new business can lie taken for Galves ton. This cut Kansas City cash Interests out of the gulf business temporarily, and cush handlers there were offering wheat of salea were made At Kansas City, 200 cars'wbeit were left on the tables and sold yesterday. Cash business In Cbicngo Thursday was 6,000 bushels No. 1 northern wheat at 8c Over September In store. 78c. Corn. 110.- 000 bushels, and oats 200.000. the latter In cluding 190.000 bushels standard at %c over 8etpemt>*r and 20,000 bushels %c orer Sep tember In store. The seaboard sold 625.000 wheat for irt, Including J04.000 bushels Marconi nud port. Including 204.000 bushels Marconi nml 12,003 Manitoba, the latter to Canadian arters wen* mads for 19,000 bushels com at 2%c to Buffalo. yesterday with the demaud .oqly fklr. mills liolnrr ths. Iiskf liiirue. Vn 1 - mills being the best buyers. No. 1 north mated. Our men think this early rush will Prlrnte Wire to Olbert & Clay. rally unchanged. There was _ ...... Ing by pit traders. Trade was slow. The weather In the northwest was fine, but cars there, although (ucreeshif, * are less than half of lest year. Corn opened steady. Pine crop pros %rod Weather and Improvement in Mis sour!. Reports bed no apparent effect on tho market. QIBERT A CLAY’S DAILY COTTON LETTER GIBERT & CLAY * *• ALABAMA I STOCKS, .BOND*. COTTON. CHAIN. COFFCC. PROVISIONS ATLANTA. OA. MCHDCkll fcj-tfltjek Kiffunxe.lN.w Orient Colton Kx>-hon,e.|Cli!csgo B»trJI o:I Trnfi.. Sj; S«k Cotton Eiek«,e. Now Orlnas Bto--k Ex--hoose. UTfr[.ool Cotton _ _ w *®rk Coffee Exchaog*.|NeTv Orleans BoartI of Trn«ie.|Galvcaton Cotton Lxchsags. P«rst. WIN. rest! Bsctan^.- ^ FAQAN l'rivnie »> irr» 10 mi L * c * 1 »"d Long OlstsnM Tsl.ph.n. 52W. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. . ATLANTA, GEORGIA New Orleans, Bept. 7.—Options Im proved slightly during the- day's ses sion In Liverpool on lees favorable crop nows, finally closing from 1 to S points higher than the previous day's evel. Holders of spot cotton were of fering freely, which In a meneure off set the Increased demand, ssles aggre gating 7,000 bales at an advance of 4 taints In quotations. In spite of the ’act that the many Indications yester day for bad weather today failed to materialise, prices held remarkably steady anj) continued so until the li quidation of the long Interest, ac cumulated yesterday, set In when prices eased considerably. The mar- <et, however, was an exceedingly dull nnd uninteresting affair and n general lack of Interest was displayed on all sides. This apparent antipathy on the part of the trade U largely due to the near approach of the day eet by the government for the publication of th glnners' and condition reports. It almost Impossible to forecast with any degree of accuracy what the bu reau's estimate of condition will be, for lately so many unfavorable reports have been received nnd eo Insistent have some of them been as to the un mistakable deterioration, that a feel ing has been gaining ground that the true damage has been greatly exag gerated, but then it must be remem bered that the report will embody only that period ending with the 36th of last month, and hence the late unfav orable rain will have become elimi nated. WHEAT OPENED WEAK AND LOWER Poor Cash Demand and Rather Disappointing Cables Factors. By 1-rlrste I-eased Wire. Chicago, Sept. 7.—Wheat ruled soft during ths day and It closed l-4@3-8c lower, corn l-ZQ5-8c lower, oats were off a shade and provisions lost moder ately. The export demand for wheat was small, and the clearances at the sea board were light at 2,466,000 bushels, compared with 6,081,000 bushels a year ago. Com clearances 3*8,000 bushels; week ago 861,000 bushels. Cash sales of grain were smalt both here and at the seaboard. I'rlumry receipts wheat nan hush els and com 686,000 bushels, compared with 972,000 and 679,000 bushels, spectlvely, a year ago. ' Clearances wheat were small at 40. 400 bushels for the day and 2,466,000 bushels for the week. Com clearances 60,000 bushels for the day and 121,000 bushels for ths week. CHICAGO GRAIN MARKET. for today follow: Open. High. m* 9 8 18 iii iiPi "’74 .OATS— Rept... lisJ _ kept.. 11.90 I4J0 16.79 16.76 lfjffji Jen.... 13.46 13.46 13.5 13.3 13.37l{ LAUD— 32*, *** m je i£ BE it, Bh ■Shin-' Sept.. 8.6744 = . if if m I ;« gUf. LIVERPOOL GRAIN MARKET. He lower to He higher. _ _ _ j higher. Corn—Opened imchssgedi st 1:30 p. m., tncbangeu la Me lewer; closed uuebsaged NORTHWEST CARS. Unties palls. , ttiluth. . . . .. r Tfr CHICAGO CAR LOTS. Wheat, 'nrn. . Osts. . Ilogs . , Todny. Tumor. PRIMARY MOVEMENT. New Yorh, Rept. 7.—Rpot sales In IJr- erp-ol this morning were 7.80) Imles nt an adraace of 4 jtoints, tmt nntwlth*tnnd- Ing this better strength tn thp spot de portment, tbc future tunnel foiled to re spond to the rlee la our market of yester day. anil opened st s decline of 1Q3 point*. I notes tins clearly the tnsper of the trade for the present. The New lurk market opened steady Mf* down from ysstMdsy'a finale and ilurlnjr the moraine rated itesdy around tl«Me price* tmt doll. There was disposition at oar time by same npera- ...rs to t.ld rhe market up, tmt their efforts were not entlinstsstlc and sooa ceased. U»- pnrts from lbs belt were aboet a stand- off. lint th. weather map showed fairly fsrmetde eoadltlons exlitfior- This l>clng the period of crop deterioration, the bears The follotrlns ficuros glee th, primary movement of wheat nnd rorn: Wheat—Reeelpts today 683,000 bushels. Vtjsrwntt-fiffis. u. 800 haahria Uat year. today 188.000 l.ushel.. THE SUGAR MARKET. fined sugar steady and unrbamrrd. London sugar market stredy with Heptemher and Oetolier nnehauge,| st 8a 57*d and 3» tHd, reapectlrely. tteady. Ti» NEWS FROM CROP SLIGHTLY BULLISH re&mJ or £-.$' pt ' ?'- Tho 8lln "Tho cotton innrkot sent prices r ° 1ir,n « Inreely to fr that a tropical storm may strike the cot Stfal A! 1 * 1 T *'} ns hns nlremly’ re- ccivca much anmage from rust, sheddlni nr'L thC ,* attCnt,0na of W?cvll to till ?L nB A* _ •!. *°cros, too, ncconllnir to many fhf Ulsimtches. which If"^ot accoS ncvertholcss hnd ,ho i’ ,nnt *■ rn,,k the ^juHt iii the. right state for*something or other unfavorable to hap- H* a .»° »L. of the bears covered freely ^partly from n desire to clesr the decks before the publication of the covern- S cnt reports which will appear on Mon* ‘y-. c#ro .t? l ,azft rd an opinion «s to what these will state, though some ex- the condition will 1 put It In the neighborhood of 78 to 50 Iper cent. Tbo Liverpool market was stronger than had been expected, cither of its own volition or by renRon of manipula tion from this side, and this fact was not without Its Influences here. Large spot In terests were burin*. The spot innrkrts hold up very well, and the dry goods t: * reports nre In the main cbverful and couraslng. Tho largest buyers were bulls who bought here and In Sow Orleans."— lllbert A Ulny. Now Orleans. 8ept. 7.—The Tlmes Demo- !«*«:. *Ths spftculfttor, lacking concrete limit Ion at this time, knows not which way to turn, hence the cotton market, within limited scone, has devclopeol Into a very uncertain affair. For the Immediate fufuVe, bulls arc depending upon n prop which mny or may not prove trustworthy. On I the other hand, many a bear ha* l*egu» to waver In tho Mlnu faith he has here- tofpfe shown In the liearlsli cause. In the attitude of the average cloth merchant. *- nothing approaching the marked n that might, with logic, be took* - - - -— ere all the atorles of overpro duction of insnrfactured gooda true. In the attitude of the farmer, there In noth* “"nt« Justify the hope that quantities food supply will be large, nml the general demand for labor, nt loast. In Amertcu, evl •lences no Indication of early diminution. Welching theso facta against the pessimis tic dofiM that the pendulum having swung high, must swing low again, rolM»s the now paramount question: lias or has net the tongue of the pendulum beeu shortened through ths contraction of spec* utatlva power? Time can alone bring tbo answer. Meanwhile, extreme c.iutloi: (n both corapa cheeks advances and declines alike, for neither faction believes with Portia that the quality of merry la not *—| — & LeJand. •trnlDcd.'*—Ware TIPS FLASHED From Wall Street Private Wire to Ware & Lelnnd. New York, Sept. 7.—London miged Canadian Pacific and St. Paul up point early. Further gold Imports likely, and be lieve total engagements will exceed 620,000,000. There Is very bullish talk on Union Pacific, Atchlaon, Baltimore and Ohio and Norfolk, and look for stiff advance In Copper and Anaconda, and a good- alzed buying movement Is likely to take place In Steels. Time money still commands stiff rates, but doubt if thero la any further stringency in call loans. Would favor taking on the good stocks whenever sold. Stocks 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 “ i soon as the ore deal Is announced. Steel, Common. Is ex-dividend 1 per cent, and on its next rise think will cross 50. Decision In the ore cose Is favorable to the Great Northern road. They are talking 116 for Copper to day. Would buy Steel common and also the preferred. Dow-JoncH* nummary: American stocks In London steady at about parity. Humors of £500,000 gold engaged In Lon don today. Bxpectad Importation of gdld will bo iKiut os large " ny In April. Sharp recove. .... ^•nernily better outlook on International affairs. More demand for stocks In loan crowd. Norfolk and Western report shown an. plus sfter charges equnl to 9.59 per cent on common stock. Money In Jjondon continues easy In spite of American demand for gold. Stiff nioac.v rates expected to continue, but actual stringency Is considered over. lown grain dialers' ntwoclAtlnn estimates state corn crop at more than 400.000,000 bushels, r.6,000,000 more than hint year. Further disclosures of fraud In connection with real estate company, tmt receiver ex pected to reopen for business shortly. Twelve industrials advanced .SO per cent Twenty nctlv* roads advanced .80 per the gold movement this Private Wire to Glbert & Clar- New York, Sept. 7.—Marshall, Spader & Co.: "We look to see a aatlsfactory nrnrket today, perhaps without n wide price movement, except In specialties.” Expect further recovery this morn- inff. Would take profits and await some reaction before making: new com mitments. The New York Financial Bureau unys: Specialty Improvement seems to he the or der of the day. We are glad the mnnlpuls* live eonttneent will not r-'rmlt the market n xeneral,to run sway. The public hns n Koiirrnitio run swny. too pnnne been huylnjc again, nicotine the stacks dependent!)- mured and strongly tipped. M' long ns an unronservstlrc plunging nnd hold well with tint reasonable resetlons. Thin iwdlcy Is to Im commended. There la generally n better feeling, nud inm-li of the ONLY A FRACTION Tone of tho Stock Market at the Opening "Was Steady. LONDON WAS A BUYER Street and Room Full of Bull Points on Hill STtocks Early, MONEY ON CALL. Money nn os 11, open 12 par cent; high 17 per cent; low 3 psr ctmt; ck»se 4 p**r cent. Iiy Private Leased Wire. New York, Bept. 7.—The stock mar ket today opened at about the same range of prices as last night's. If ex- pectationa were entertained that the bull leaders had In mind a wild mar ket, they were disappointed. Cliques here nnd 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 fluctuations In the money market yes terday indicated not so much approach ing ease as n situation fairly well un der the control of the leaders. Because call money on the stock exchange went to 6 per cent and after business hours quotation of 2 per cent* was made ami 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 chances 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 tin* language of the bulls, became significantly dull. There were several ’‘strong spots," nnd on the whole the market held well. The tone of the stock market at the pnrea ny tne money relief, which. If ample, will remove the only olistncle to better ment In the security list. Pntlence will be n virtue In the market for a time. Develop, ments this morning do not rUniiRe the sit uation materially, tint they show thnt tho Interest of the public is sustained, which is n strong point. The nubile will not buy nnd pay 20 per cent tor carrying stocks; neither will brokers do the snme, nml we anticipate that rates will he tnvcli easier next week. We would bo conservative, recommending that the general list be bought on recessions, nnd specialties when they are figgresstrely handled, but only f< turns for the present. cent. Brooklyn Rapid Transit was "one of the most active features, and on heavy In itial dealings opened V shove yesterday's . opened \c above jre L . cl«>j4.» nml guinea another ‘i*’- United Rtat Steel ronimon was also heavily bought. It opened nt 47, reaching a gain of %c. Canadian Pacific roso l%c and Baltimore and Ohio was up *;c. Ohio nml Chicago nml Northwestern. Amal gamated Popper was unchanged. The street and room wero Tull of 11 LIVE 8TOCK MARKET. By Trlvate Leased Wire. .,11®; hulk 65.S5C6.fe; 1 cut I inn ted ’for tomor row B.000: light nogH 69.199l.6t; mixed J&io GG.52%; heavy 65.3506.40; rough plg« tf.frot/rt.iM; yorkers 69.4506.16; good lo choice henry |9.46e«.5S. Cattle—Estimated receipts 3.000. Market OWViHs; good prime steers 6S.Sti.90: poor to me nlum 63.75 / 05.2O; stockers and feeders f2.2S '•» 1.25. 8beep—Estimated receipts 7,ono. Market :sauy; quality fair; native SijMin GQ; west- rn £3.2508.90; yearlings 63.60tfG.25; lambs western 64.60C7.80. points before tlio opening on the lull stocks. Bending nnd Union Pacific, nml In tho early trading those stocks made sharp advances. The supply Increased, however, ns higher price levels were reach ed. and the ricnwind became i.rm urgent during tho first hour. The most signifi cant billing was In Northwest. London bought rfo.ooo shares. Government bonds unchanged. Other bonds lower. LONDON STOCK MARKET. - >%!282%|2X2% ,4i-in-<>ii.. ,. .. «• »i •• .. loy .p)h-j 'nnndlnn Pacific.. 174% ITS 177% Uhlr., kill, and 8t. FauL... lMVlflHIlM Brie.. »•• 4;%i 47%| 46% Illinois Central 174 174 1174 l.ttiiisvlllo ami Nashville. . • U:*U>149% 149'f Beading...... Pennsylvania. . . • Southern Pacific. . • 4 'nloo Pacific .« jkltsd States Steel.. do. preferred. . . -*ll44 '144% 141% . j 143% J143% 1143% ...[108 11 46% 197% THE COTTON 8EEO OIL MARKET, New York. Bept. 7.—Th# market for cot ton seed oil was again active and strong, There was active bidding for cash and September, Beptcuilier show ing an advance of «c from the low point of August. October was la active demand, nil offerings were readily taken. The lui ro/ed situation continues. Influenced very the active demand for export. R SrBcttlaSr for October shipment and a ■lr Inquiry for fieptember, w1»h the small stocks. The demand has only been satis- stocks. The demand has only fled by advancing ths market, and 'while there Is some Increase In offerings of new oil. It br.s not been snffMent to eb*ck the advance. The market at the clone ‘ _ - jogbar.— fatML*’""* *® ,c b, * b * r - (ipenlnc. rinsiaf September. • • • • , October November. ....... December January. ....... SOUTHERN EXCHANGE Oldest Established Office South. COTTON - STOCKS B0«DS GRAIN Ground Floor Gould Building. Daily market letter nml market manual mailed on appllratlon. LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Comspondsit's Capital 1250,000 nerescNCC. thc ncal bank PHONE ,417. SaUDCNTIAL BLDG on th. othee tisnU the hulls nre awaiting more decided adverse report, before mak ing any rls»rm» onslaught, la the mean time. the trade rontlnur. to I—lleve la a large yield saleao the rmp la overtaken Iiy mime nnforeaeeu ratnetrophe ov au eSrly WARE & L E LAN O cottonTgrain, provisions,STOCKS, 1 /lew Orlttst. 'ROVISIONS, He. 2 Wall SI., feiett BelWnq. Mllaeta, da. MMLMS: flaw fsfft Win Hew Orlesm C#ffo» Irehaeqe. literpool Cellea Attetlalh*. BONDS, tr £rltalt wire* to Hew York. How Orleoot, Chicago. Boll Bair I2C7. Chicago Boarg of fra Js. Ch.togo Stork tirhinge. How York Crffrr hthongo. 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. .. Tnomai_C. Erwin. Asst.. Cashier. Joseph ‘ ” “ lavoa, *• r, * h«»iTISS C. McCord, Caifiler. H. W. llys Third National Bank $200,000.00. $300,000.00. Capital Surplus Dr. A. W. Calhoun. Milton Dargan. John W. Grant. K. X. McCord. DIRECTORS* Frank TTawlrlns. H. M. AtklniHHi. Joseph A. MeCord. 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 tbc basement of the Empire (Building for only $5.00 each per annum. t Absolute Security and all Modern Conveniences You should not be without one. IVe invite you to call and inspect them. Title Guarantee and Trust Co. <>0OC^00CKior^)O9O00Ot>99900pSWWWW0099CCPWW0PQ99P000P999P0$$ Mi