The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 08, 1906, Image 15
THE ATLANTA GEORGIAN.
FRIDAY. SEPTEMBER 7, MM.
13
OPENED
SIEUMI TONE
Due to a Steady Set of Ca
bles From the English
Market.
WEATHER FAVORABLE
rjlje Two Cotton. Associa
tions of South Working
at Cross Purposes.
rrtmtu Lenunl Wire.
\>w York, Sept. 8.—The cotton mnr-
was unsettled but 1 to 6 points
L|,« r on the steady Liverpool cables.
weather remained favorable In
M South, Inducing further bear pres-
„ rc from that quarter.
T nerc was nothing doing In the mar-
for futures today, the trad* gener
ally preferring to hold oft pending the
orermnent report on Monday before
taking new commitments on either
lit of the account.
Crop accounts have been of the most
favorable character up to a few days
itt, hence a bearish report Is ex
acted The condition report will prob-
Sly show the crop In excellent shape
on to and Including August 25th, but
mooIc In position to know state posl-
{fTfir that there has been great de-
isrinratlon since that date.
Mr W. F. Bragglns. division frolght
srent of the Texas Paclflc linos, after
in extended trip through north Texas
and points around Dallas, says: The
ration crop In north Texas deterlorat-
td almost 25 per cent on account of
wavy and continuous rains. Farmers
ire feeling blue, as they had been led
0 expect an almost phenomenal out
sit The boll weevil has started his
vork In spots and Is playing havoc,
taint have kept crop from being pick,
id and much cotton badly damaged.
The two cotton associations met dur
ns the week each agreeing on a mint
mum price at which the yield should
be marketed, the National Farmers'
educational and Co-operative Union
Ixtnc the price at 11c. It did not es-
Imate the crop, but stated that the
deterioration In the crop warranted
lh The Pr southern Cotton Association
died the minimum price at 10c and
report has It that It unofficially esti
mated the crop at 12,750,000 bales.
The man that makes the cotton can
take his choice. It Is probable he can
•ell at either price. If the Farmers'
t'nlon will work In harmony and the
crop should fall short of the South
ern Cotton Association’s estimate It
will be nn easy matter to get Its mini
mum price.
Estimated receipts Monday:
1*00. 1005.
New Orleans.... 3,800 to 1,800 2,586
Qalveston 8,000 to 10,000 9,824
Houston 10,500 to 11,500 13,571
NEWS AND GOSSIP
Of tho Fleecy Staple.
Ptlvnte Leased Wire to Wore & Leland.
hew lork, Sept. 8.—Liverpool cotton fu
tures opened quiet but steady. 7 down on
near and U down on Inte. At 12:15 p. m„ 214
down nod quiet. Spot sales 6.000 bales? 3 up
Umvn Sd ' Futurc * Trers due to come 5 to 5Vk
Liverpool cables: "The market feels the'
Influence of strength In new crop dellrer-
Iss and 8oetb not offering at all freely."
The Now York market opened quiet and
shout na expected on Liverpool cables.
Cammlulou houses liought n little. Scbllt
was n good buyer of Deceorber. January
a "d Msreb. Look for quiet market today.
H. Wilson selling cotton nnd hammering
the market.
Schlll and Parrott checking decline.
It Is reported here that the Southern
estimates the crop st
12.S62.000 bales.
Following Is the statistical position of
cotton on Friday, August 31. ns made up
by the Sew York Financial Chronicle:
This last Last
Week. Week. Year.
Visible supply 1,732,689 1,784,166 MF.,642
SOS, 156 1,676,442
.506
American 863.1
Crop In algbt 127-.-
I or week 127,506
Port receipts 73.061
Port stocks-,.,,,-, 207,747
Exports 52.777
Interior reeelpta... 73.712
Int. shipments...,, 69,277
Interior stocks 100,711
‘iih'.fi:
74,604
IMS
63.183
7tt».
100,900
164,103
379.47!
86,726
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’* twenty-fire
years’ experience of etf*
I tine markets In Atlanta
and the South has made
him a recognised «u*
thorlty In his specialty.
TIPS FLASHED
From Wall Street.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OP STOCK.
152,070
New Orleans. Sept. 8.—Cable* aro indiffer
ent. Tho week's sales of spots In Ltvei
snjount to 36.000 bales, against 44,000
year nnd 46,000 In 1904.
The total stock Is 361,000 bales, against
708,000 last year and 147,000 in 1904.
The visible Is bullish. American decress-
od SC,000, other kinds decreased 106,000. To
tnl decrease 54,000. Mill takings 168,000, In
Liverpool
eluding correction of 11,000
stocks.
The market Is easy tinder, what looks like
tin load 1 ur by longs. The market misses the
support it used to get from covering by
shorts.
A telegram from New York says
tropical storm Is now oat at sea some
tsnee from the Carolina*.
The weather map Is favorable. Prsetl
cnlly no rain Is Indicated over the cotton
belt nnd temperatures are seasonable.
The net stock of cotton in New Orleans
Is 13,888 bales, against 40,872 at this time
list year. The amount of cotton on'ship
board is 8,175 bales, against 3,862 Inst year.
tho
■ <lls-
At the close futures were 1
lower to 2 points higher.
SPOT COTTON MARKET.
W; receipts 5.000; American 4,500.
Atlanta, quiet at 0c.
New York, quiet at 9.80c.
St. Louis, steady at 9%c.
August*, quiet at 9*4<?.
Snvnnnnh, steady at 91-16c.
hnrleiton, quiet at 8%c.
Memphis, quiet at ““
Houston, steady
at 984c.
- nt 9%c.
. quiet at 9.80c.
Oftlrestui, quiet nt 9^4c.
Wilmington, nominal.
Suffolk, steady at 9%c.
TODAY’6 PORT RECEIPTS.
Tbs following table shows reeelpta at the
B is today, compared with the same day
t jesr:
Sew Orleans. . .
•ialreston. . . .
Mobile
t'lvasnnh
I'hsrleston. . . .
Wilmington. . , ,
Norfolk
Boston
jVMelphla. . .
{.oft Townsend..
Total (Incomplete).,
1906
2096
11968
12475
1688
1308
1226
146
52
100
INTERIOR MOVEMENT.
i.El fo1 ow '°* f *hle shows receipts at ths
JU®? towns today, compared with tbs
g»* d«7 last year:
80,421 last season and 66,549 In 1904.
Private Wire to Gibert A Clay.
New York, Hept. 8.—Liverpool closed
down on winter and spring months. Was
expected 5 down.
Liverpool buying some cotton here.
Tho Journal of Commerce says: "E
have been duplicating many orders
four or fire weeks ago, and first hands
and Jobbers have no question of the healthy
volume of trade which Is going on In the
country, particularly In the West and the
South. The policy of hand-to-mouth pur
chasing prevails In nearly every line, and
while Inrgc operators remain ofct little dan
ger Is lurking for the small buyer. It U
recognized, however, that prices might
easily 1h* scot skyward In many lines even
though they would not bold as steadily Is
they now bid fair to hold throughout the
Jobbing season.
Sew Orleans. - ^
down la a shade better than dne.
Sept. 8.—Liverpool 3H to
• letter than dne. was e:
peeted 5 points lower.
Our traveling representative wires from
Tyler. Tex.; ,; Texsrkans. Mount Pleasant
to Tyler, good Average crop already mader
“ —vll *— ■*
luma am ii niqimm in ***■*, ■■ tar
as 1 have seen, has good crop. Weevil Is
worse In this Immediate section than north
of here."
Western forecast Indicates fair weather
tonight nud Sunday for western Texas and
generally fair tonight for Louisiana with
probable scattered showers Sunday. For
the balance partly cloudy weather tonight
and tomorrow.
Eastern forecast indicates showers late
tonight or Sunday for west Florida, Ain-
Irnma nnd Mississippi. For the balauce fair
weather tonight and tomorrow.
CROP MOVEMENT
FOR PAST WEEK
Secretory Hester of tho Now Orlo.n, Cot
ton Exchange, In bl« weekly xtotcmrnt of
tho moroment of cotton, stvoo the amount
before but anil 29,615 aamo tlmo In INI.
Tho movement alnce September 1 abowa
receipt, nt nil Unlteil Htnten portn 72.746,
ngnluat 149,177 Innt jeer. 103,281 rear before
Innt amt M.637 name time In 1*01 Overland
neroaa tbe Mlailulppl. Ohio and rotomac
rlrera to Northern mllla and Canada 4,695,
nsnlnat 4,234 last jeer, 5.264 rear liefnre
laat and 199 name time In 1906; Interior
•tooka In exeeaa of thoae held at the el
of the eommerclnl year 358, aaalnat 25,—
laat yenr, 17,746 rear before laat and 9.406
name time In 1902. Southern mllla tiklng,
44,000, aaalnat 42.296 'laat rear, 27.162 year
lieforo laat noil 9.404 aenio time In 1903.
Foreign eiporta for the aeven days have
teu 52.590, ugnlnat 80,421.
The tntnl taking* of Amnrlean mllla.
North, South and Cnnndn, than far for the
year. These
•pinner., aaalnat 22,102.
Stoeka at tbe aeaboan! anil the twenty-
" t Southern Interior renter* have
............ -Jnrln* the week 10.291 latlea,
aaalnat an Inereaae of 76,069 during the ror-
responding period laat season, and are now
212.633 more than at thla date In 19qs.
Including atocka left over at porta and In
terior town* from tbe laat crop and the
Ibwimn. . , . ~
*"«»•'• ’ '
hntiphl.
h- fasti,
Ondnaatl. ...
Total,
THE COFFEE MARKET.
/SMw ** fhi. opening range and
« the N, w York coffee market ft
laaaarr,.
tepT- *-
•• ••
9nly. " '* ••
Wit',, * * *
jtownher.
w«b^r
ft 1 *. ”
5^.000 Ungt.
Opening
Ranee. Close.
,.6.75-4.90 6.704.80
..6,804.90
.6.90
. .6.86-7.00
.!!t!«-7.io
e .7.10
..7.16-7.20
...MO
-:4«*
...6.6
6.904.55
6.904.16
6J6-7JJ0
7.06- 7.10
7.06- 7.16
7.10-7.15
7.16-7.20
6.404.45
6.464.60
6.654.6)
6.654.70
number of bale, brought Into right thna
far from the new crop, the aupply to date
la 416,559, agalnat 666,212 for the aame pe
riod laat year.
Superintendent King of tbe New York
Cotton Exchange given the movement an
follow,:
Weekly Movement^
Year.
Fort reeelpta 7J.J67
Overland to mllla and Canada 4,129
•Southern mill taking*. 3S.OOO
Oaln In atock at Interior town. 1,519
Brought Into eight for week..112,206 209,662
Total Crop Movement.
rort receipt. . 174,3«
Orerland tn mllla and Canada 4.129 3,947
•Southern mill taklnga .. 36,000 31.000
Stock at Interior town. In
exeeaa of September 1 L5H>
Brought Into light thua far
for season <
•Estimated.
.111,306 231,283
WEEKLY CHRONICLE’S
REPORT ON WEATHER
New York, Sept. 8.-0ur advice, from
the Sonth thie evenlngdenote thatralnhM
lieen general daring the week. »*«Pt .I*
Texna and a few polnta along the golf.
The preetpltatlon haa bee* Ufbt or moder
ate na a role. Tex” "drlce. denote that
damage to open cotton has resulted from
Ihe rain and that picking has. been de
layed anil deterioration la jj"
Em? other localities. tMeking. except
XT. interrupted -SHM
GIBERT & CLAY
AtA. AM A .T. ?L°T C T K o‘n.
COf«t*»OVI9ION»
v„ _ HfMHaii
kg JgfcJIW Exchange INew Qrlean. Cotton Exchange.
^ H* S8K Sb 8^ KSi UfTmT
k,til »nd Long DI#Ulloi r Teleilho l rie , '529fc Elc ‘ , *°^. n. FAGAN. M«naa«A
ATLANTA. OA.
Board of Trad*.
... l Cotton Aaaodatloa
veaton Cotton Efchangk
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 853.
ATLANTA, GEORGIA
lAniMata* PV. . . . .
Americnn Locomotive..
do, preferred. . . ,
Amer. Smelting Kef. .
do, preferred. . • .
Atchison
do- preferred. . . .
Americnn Cotton Oil. *.
Amer. Cor Foundry. ,,
Baltimore A Ohio. . ..
Brooklyn Rapid Tran..
Canadian Pacific. . . ,
Chic. & Northwestern..
'4”l piTiflirU. e e *
Chle. A (treat West’n.
Chic.. Mil. A St. V. . .
Delaware A Hudson. ..
Distiller’s Securities.
Erie
do. preferred
General Electric. . . .
Illinois Central
Amer. lee Securities. ..
Louisville A Nashville..
Mexican Central
Missouri Paclflc
Ill
11289
uni
«
f
jjjpi
279
7i?;
15294
101
3194
153K
iirni
101
m
i-'i'e
101
3194
1»Il
sis
1169
M
1
3S
«
2S
1799{
21794
slj
61%
i66ii
w“
i«ii
ill
TT
IMS
97*4
21
97%
-21
9794
*£
8»
NAME OF STOCK.
N. V.. Ont. A Western.
Nutionui Lend
Northern Pacific. . . . ,
New York Central. . . ,
Norfolk A Western. .. ,
Pennsylvania
People’s Gas
Pressed Steel Car. . . ,
do. preferred. . . . ,
Pacific Mall
Rending
Republic Steel
Rock Islnud
do. preferred
United States Rubber. .
do. preferred
Southern Paclflc
Southern Railway. . . ,
do. preferred
Slosa-ShelTleid
Tenn. Cool A Irou. . . .
Texas A Paclflc. . . . . .
Union Pacific. ......
United States Steel. . .
do. preferred.
Western Union.
Wabash
do. preferred. ........
Wisconsin Central
do. preferred
NEW YORK.
me following is the range in cotton ft
lures in New York todayi
Sept. . .
Oct. . .
Nov. . .
Dec. . .
Jnn. . .
Feb. . .
March. .
May. .
Closed steady.
uliM
ft.6sr iw-g 13533
8.34-8.8445 18446
.... 8.96-96 1.95-97
J .07 9.07-06 9.06-07
.14 9.14-15 9.13-14
.... 9.19-20 9.18-20
9.29 9.28-29 9.28-27
9.87 9.1748 9.3647
Total atock aqjea today 483,100 ahareT
Private Wire to Ware A Leland.
New York, Hept. 8.—Loudou Irregular.
Two mllllou five hundred thousand dollars
gold reported engaged abroad today.
if 41 ^ *tatementsexpected, with re-
sene, showing s deficit, sad while many
think that It has been diseotiuted In view
W *°ld engagements to l>e anuoan«‘e<l
it market can !>e expected.
Bmrlsh professionals are on the alert, nnd
watching for openinga to sell ou, nnd It
la possible that attacks on Pennsylvania
Bn t “ Heading may |h> ivitneHMed.
Would favor the acceptance of profits on
sharp advances should they take place.
Tho banka have lost over I10.000.000 this
week, and the bank statement is expected
to be very bad. The latest order from
Secretary 8haw has caused considerable
selling.
There was some selling, through the mar*.
k }' t . on fears of a bad hnuk statement,
although a considerable reduction In loans
Is expected.
There Is a tin In circulation to the ef-
fcH*t thit United States Rnluctlon nnd He-
fining will be put above 40 in u very short
time. The buying of the stock yesterday
was Mid to bo good. We suggest thot it
•® watched, na there Is « tendency to
handle low-priced stocks because they are
cheaper to manipulate undtf existing clr-
STOCKS STARTED
Volume of Business Was
Only Moderate the
First Hour.
TONE WAS STEADY
Bank Statement Was Much
Wors.e Than Expected,
But Relief Expected.
LIVERPOOL.
Following table gives opening range and
close, compared with yesterday'* doting;
l utnres opened easy.
Opening _ Previous
Range. Close. Close.
. ..5.084-5,10 6.10 5.13
: IS 5:8
* • .4.94 '-4.96V4 4.98V4 i»V4
...4.16 -4.97 4.97 6.QI
....4.98 4.99 4.99 6.03
. .4.98 4.01 6.01 6.06
. .6.02Y4 6.02% 6.06V4
. .6.08 4.04V4 8.04V4 6.08V4
September.. ..
Sept.-Oct. . .
Oct.-Nov. . .
Nov.-Dec. . .
Dec.-Jan.. ..
Jan.-Feb. . .
Feb.-March...,
Marrii-Aprll.. .
Anrll-Mny. . .
Me.r-June. . .
"■Closed quiet
NEW ORLEANS.
5er»TT77
Oct. . . .
Nov. , . .
Dec. . . .
Jen. . . .
Feb. . . .
March. . .
May. . .
Closed
NOTES ON GRAIN
Polnt«rfl on Provisions.
__Jeago, Sept. 8.—Wheat Is getting low
enough to vrnrrnnt n moderate purchase.
No special bullish features In slept at the
moment, but there never Is when prices
are lowest.
Don’t be afraid to buy corn, even if tho
heart keep It down. They will have to
provide for their contract! some day.
No Incentive to buy wheat, and thla crowd
Is running away from it.
Oats opened steady with Pringle a fair
seller of Decetnlter and Msy. Bnrtlett-Frn-
sler and Carrington buying a few. Local
crowd selling. Buying scattered.
Inter-Ocean says: "Cash business in
wheat In Chicago Friday was 70,000 buahela,
including 45,000 of No. 2 hard.
Sales of corn were 300,000, Including 60.000
new No. 2 yellow, flrat half of December
shipment to Baltimore, eald to be at 39V4
f. o. h. Chicago.
Sales of oats were 160,000 bushels. At tbe
seaboard exporters sold 100,000 wheat, 64,000
corn nnd 160,000 oata.
Predictions are that the northwestern
wheat movement will run vorv heavy next
week. The heavy movement last yenr be-
about Seotemher 15. and It tr ~ ~
ly at
Mini
r
1906. i
for the laat half.
and Minneapolis received an average of
about 446 cars dally for the flrat half of
September, 1906, and of about 944 cart dally
Chicago, Sept. 8.—Tbe spring wheat at
the moment la not going to be as heavy nt
these prices as It would be if 6 to 10c
higher. The weaker longs are out of tbe
market and large holders show no dlRpnri*
tlon to let go. Ws may have some further
•low, dragging decline, but liellevn It la
much safer to buy wheat than sell at these
prices.
WORLD’S VISIBLE
SUPPLY OF COTTON
cotton cxchnn.c, In hi. ttatement of the
—... • • aupply of cotton, .how. ,
a week Juit cloned of M,
oil, .fi.ln.t nn Incrcc of 6,039 laat year
and an Incrcnee of 33,M3 year befor.
The total Tlrihl. I. 1,796,916, ifelnat 1.
0,937 laat week, 2,664,378 laat year and
156,240 year lieforo laat. Of thla, the to
il of American cottnn la 567,916, axalnit
903,927 laat week, 1.693,976 laat year and
543,240 year before laat, and of all other
iimtef ssi-
taat year and (12,000 year Iwfore laat.
The total world', rlalhle aupply of cot
ton n* abort ahowa a decree, compared
with laat week of 54,011, a decreaae com-
r of 627,462, and an
Ith yenr before laat
Of tho-world’, rlalble aupply of cotton
n. .bore, there la now afloat and heldln
(treat Britain and continental Europe 7»,-
000, agalnat 140,700 laat year and 667.000
year liaforo laat; tn Eaypt. 3,000. agalnat
42,000 laat yenr and 49.M0 year before laat;
In India 06,000, arolnat ,*72,000 but year
nnd 215,000 ynar before laat; ami In the
United Staten 211,000, acalnat 641,000 laat
yenr and 224,000 year before Inat.
NEW YORK BANK STATEMENT.
The weekly atatement of the New York
Bank Aaaoclatlon ahowa the following
ebangen; Inereaae. neerjwae.
Esrrv.v.’.:: :::::::: MSES
■gfr::::::::
uSSfti
WHEAT AT CLOSE
• NEARJJW POINT
Trade Again Small with
Cash Houses the Prin
cipal Sellers.
By Frirate Leneed Wire,
Chicago, Sept. 8.—Wataon, the big
bear and abort of Minneapolis, was a
buyer here, and he experienced no
trouble In securing as much wheat as
he cared to take care of. It came out
on tho hard os well as ths soft spots’
of the day. It failed to rally even In
the face of tho increased demand.
Ths close showed wheat S-898-Sc
lower. Corn was dull and 3-8@3-4c
lower. Oats were l-8c up to 1-8&1-4C
off. Provisions 6O10c lower.
Primary receipt* for the week 3,626,-
000 bushels wheat and 3,(99,000 bushels
corn, compared with 5,616,000 and 4,.
103,000 bushels, respectively, s year
ago; shipments 1,936,000 bushels wheat
and 3,775,000 bushels corn. A year ai
they were 2,435,000 and 3,392,000 bus!
els, respectively.
Minneapolis estimate* receipts there
for Monday at 500 cars. Spot No. 1
Northern sold 2 l-2c over the Septem
ber prices, showing a loss of lc of '
premium for the week.
Cash sales here were 15,000 bushels
wheat, 200,000 bushels corn and 100,-
000 bushels oats.
The seaboard reported 16 boat loads
wheat, one load corn and 20,000 bushels
oats for export.
CHICAGO GRAIN MARKET.
wnEAT-
Open. High. Low. Close. Close.
&| Hill
1 I'P
[njr
CORN—
8ept 47
Dm* 42
May.... 42%
OATS-
sept an
Dec.... 90H
Kept
"lWI- 55
Oef.*..”. M5"
Jin.... 7.60
SIDES—
Sept
Oct.... 8.4fi
Jan.... 7.15
is:a i*:js
7.90 7.7714
i:ss"
7.06
!:S*
7.7714
i:i
7.06
7.8JV9
8.65
m
Circulation. .
Much more than expected.
1,120,900
NORTHWEST CAR* ^
The following figure* giv# tbs northwest
ears todaj. last week and
Tods?. Week. Ymi.
I «•?
rodjr. Week.
291
PASH WHEAT—
& mm
PRIMARY MOVEMENT.
The following figure* give the primary
movement of wheat and com today:
Wheat—Receipt* 713.000 huaheU, agalnat
913,000 Imahela last rear; shipments 407,000
bushels, against 488,099 bushel
425
548,000 bimhels. against
Is Inst year: ablptnenta 70S,*
agalnat 883,000 bushels last
iteady.
9.50
msi
9.03-04
9.06- 07
9.07- 08
9.15 ■
0.21-22
9.2S-29
9.43-44
07-06
9.15-16
9.21-23
m
ATLANTA MARKETS.
FRUIT8 AND PRODUCE.
Officially corrected by Atlanta Fruit and
Produce Exchange.
Lemons, S7.75C8.00.
Limes. 60C75c.
Pineapples, $1.6002.50.
Bananas, straights, per bunch, $1.5001.75,
Culls, per bunch, $1.0001.25.
POULTRY AND COUNTRY PRODUCE*—
Live hens, 36037V9c; fries, 22H0»c; broil-
ers, 15022V4c.
IJvo ducks, Pekin, 85c; puddle, 25027V9C.
Dressed hens, per nound, 12013c.
Kan. Der dozen, 25c.
>und, 20022V4c; cook-
pound; In one-pound
1
Butter, table,
lug. per pound,
Honey, new,
racks, 10012c.
VEGETABLES—Irish poUtoes. I
stock. $2.5244 barrel; per bushel, $1.00.
Onions, 3c per pound; rahlmo*. lftc pound.
New sweet potatoes, 60c bushel.
CALIFORNIA FRUIT—Fancy stock:
Elberta peaches, per box, $1.60.
Mountain Bartlett pears, per box, $3.3.
Gross plums, per crate, $2.
Columbian prunes, per crate, $2.
Rose Peru grapes, per crate, $2.60.
Blue Malvolso grapea, per crate, $2.60.
FLOUR, GRAIN, PROVISIONS.
FLOUR—Post el s patent, $5.75; Diamond
patent, $6.10; Mascoutnh Star, 14.60; fancy
patent. $4.60; Red Eagle, $4.15; Blue hlbhon.
$3l90; fancy, $3.90; spring wheat patent, ^.0#
CORN—Choice red cob, 76c; No. 2 white,
76c; No. 2 yellow, 74c; mixed, 73c.
OATS—Choice white clipped, 62c; choice
white, 60c; choice mixed, 48c; Texaa rust
proof, 60c.
MEAL—Plain water-ground, per buahal,
73c; bolted. 140-noiind 'titea, per bushel, 65c;
Short*, white, $1.50; medium. S1.40; brown,
$1.35: puro bran, $1.10: mixed bran, $1.06.
HAY—Timothy, choir* large bales, 21.10:
do., choice amall bines. $1.06; do., No. 1
timothy Inlet, 21.00; No. A $1.00; do., No. 1
rlocvr mixed. IL00; do., No. 2 ctover mixed.
Private Wire to Olbcrt A Clay.
Wrt' **Pt; 8.—Marshall. Spader
tho close of the mark<*t, It
the recovery had been llh-
oral throughout the list, anil In tho absence
.H!“ c ? lictrt, ng caum** this morn-
^P^t a gooil iono nnd support to
R2IJW*. .Copper Reading, Now York
i^tral, fit. Paul nnd other lending shares
fjould. show the effect of tho better feel-
bSLifi* 1 £.1? prevail. At this writing, tho
of approximate
thls°inornlng " ,00 ° faring been announced
Lo n ‘l°n special snya: "There wna
t?I-/iE®k w 2«i2i , L5 lorn !5f frora the Bank of
Lnglandr $2,600,000 f ° d * or ,h, P mcnt t0
..The New y 0 rk Financial Bureau nays:
Unaettlenient la promised for today lu ihe
stock market by the news at this writ-
fhff* . T h ® altuntlon may steady Itself. To-
day the surplus may disappear entirely, hut
the fact that, perhaps. $10,000,000 gold baa
been engaged Import offsets this. Wt
would mslntaln a cautious position, but
on drops are Inclined to think that pur-
chases for turns will my# profitable sa
tba targe Interests, while they have dls-
trtnutMl some stocks, mast support, nud
Indications point to a belief on the part
of the powers that a higher distributive
level can be made a success Inter with In-
terest In speculation aroused, as It !a now,
R royideil If Is not allowed to get away en*
rely. Y\o do not find that much atock
came ont on the decline yesterday, and it
la possible thst a big transfer of toons has
occurred In such a way that the banks will
totter than generally an
ticipated. The monetary situation Is crltl-
cal beyond a doubt, hut It is not extremely
dangerous If stock speculation Is kept with
in bounds and the mere maintenance of
values by those who have comparatively
cheap funds to carry securities will not
prove q menace. The fundamentals are
bullish, and by patiently and conservatively
passing over the money slckneaa, we think
the market will he In n healthy condition.
Specialty Improvement, as frequently stnt-
ea, Is always possible.
LONDON STOCK MARKET.
STOCK—
Anaconda.
Atchison
do, preferred
Baltimore nnd Ohio. . . . .
Canadian Pacific
Chesapeake and Ohio
Chic., Mil. and St. Paul. . .
Illinois Con'triii.
Ixmlavllle ami K.ahrltla.. ..
Mlsaonri. Knnana and Texas
do. preferred
New York Central. . . .
Northern I'arlflc
Norfolk nnd Weatern
Ontario nnd Woatern
IYnnajrlvnnla
Rondlns
Rook Inlnnd
Ronthera Faolflc
Kouthern Railway
Union I’nelflc
United Rtatea Steel
do. preferred
Wahaeh
do. prefer rod..
By Private Leased Wire.
New York, Sept. 8.—The stock mar
ket today opened dull and without defi
nite tendency. Shortly afterward it
hardened somewhat when stocks Ilka
Brooklyn Rapid Transit, Erie and some
of the Steel group developed strength.
The active trading wa* confined to
these few Issues during the great part
of the sessslon. In view of the money
market conditions, the bank statement,
was awaited with more than the us
ual Interest, and the trading during the
first half hour reflected It. For all the
expectations were of a poor showing
the professional element made much
of the fact that large gold engage
ments will be announced on next Mon
day, and the bull cliques can bp trust
ed to make proper market use of that
"stimulating Influence."
The bank figure* were os unfavor
able as expected. The reserve de
creased (9,447,800, wiping out the sur
plus, leaving Instead a deficit of 86,577,-
935, Notwithstanding the contraction
In the loan Item of 812,000,000 nn.l a
decrease In deposits of very nearly
828,000,000, the los* In cash was 816,-
408,100. This Is more than hank ac
tually lost this week, but It nccounts
for the loss of laat week, which did
not appear In the previous statement.
The stock msrket took the unfavor
able showing well. Prices shaded oft
slightly at first, but soon rallied and
the close was the best figures of the
day.
The atock market opened Irregular.
St. Paul, Pennsylvania, the Steel stocks
and Southern Pacific were unchanged.
Reading declined 1-8, Canadian Pacl
flc 1-2, Smelting 8-8. Great Northern
preferred 6-8 and St. Paul 3-K After
rallying Union Pacific declined 5-8,
Northern Paclflc gained 11-8, Brook
lyn Rapid Transit 1-1; Erie 1-4 and
Amalgamated 1-8. After the opening
trading further fractional recessions
occurred In some stocks while others
rallied.
Although the volume of business was
only moderate the tone was decidedly
strong, and it Was a matter of com
ment that the flood of stocks sold yes
terday by Western houses had been
wholly absorbed and that buying ord
er# this morning could only be execut
ed at advancing prices. Tho only
large crowds were In Brooklyn Rapid
Transit, Erls and Reading.
London bought a small umount of
Erie and sold some Steel common, but
arbitrage brokers stated that It was
hard to trade with London today be
cause of the Interest shown In the b»nt
race.
Government bonds unchanged. Oth
er bonds firm.
Market
pry strong.
COFFEE-Roosted Arburkle’s $16.60.
balk, In bacs <h barrels, I3e; green, 100
>
RICE—Carolina 4K07M<*. according to
rade. Market very strong.
CHEESE—Fancy full cretin dslry, 14Uc
twin* 14**! brick 14c. Msrket strong.
PROVISIONS—Supreme bams, 16c. Dove
hanie. 16*0. ayifor-- *
CroM hams, 15c.
bellies, 10-5 Iba,
8c; Supreme lard, S9.82V9; Red Croes,
Snow Drift compound, 7%c; Red Cross, 794c.
o—nunreme asms, ioc. note
California hams, $9.60; Red
5c. Dry salt extra ribs, $0.6794.
a, $10.60; fat Itseks, 8c; pistes.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCK BONDS GRAIN
Ground Floor Gould Building. Dally
market letter nnd market manunl
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
SCrCSCNCC, THE NCAL SANK
PHONE HIT. PSUDCNTIAL BLOG
CHICAGO CAR LOTS.
Today. Tomor.
Wheat JS 4 Ig
197
10000
Corn.
Oats.
Hogs.
THE DRY GOODS MARKET.
New York. Sept 6,-Burine*. to the dry
Tli it n „Ei£
\a oftener
... ... numerous
is2Si.ar'a!KBF ,, Sg r Jtrtrfl!
■mall qaeatltle* frequently.
THE COTTON SEED OIL MARKET.
N.^w York. Kept. I.-Tbe market for rot-
nn seed oil was leu active yesterday but
err steady. The recent lllwral export
,mJn.J. eitin..ted stlAOW to JMOO Kr
rein, with s rotutoued good Inquiry, was
[be prtnrlp.1 Influenee to the flrmaeu. Ail-
vlees from tbe South .bowed no nmatire
of new oil. Not mueh l» expected to the
MUthesst until well to October, .ndoffer.
n ,o Trx.s for September .re reported
light. The fset thst the crop j. tote surf
that stock, of old oil are .mull .re both
Important Influence*. The market ws. e*iy
at the clou, with price* 14 to &c lower.-
W.re A Leiond.
September.
Octolwr. .
November.
December. .
S innary. .
arch. * ,
M Oo*4si •tcsily. Koic*. W*I»Seinl>
HUBBARD BROS & CO., mSInts
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones 454. Long Distance 39. A.S. Hustace. Mgr.
~W~
3i % Compound Interest
Is the rate your money will draw If deposited In the 8AVING8
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 awalte you at thla
bank.
A8A G. CANDLER, President.
W. H. PATTER80N, Vlee-Pre*. A. P. COLES, Caehler.
JOHN S. OWENS, Vlca-Pres. WM. D. OWENS, Aeit. Cashier.
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vlce-Preeldent. GEO. R. DONOVAN, Caehler.
JAMES 8. FLOYD, An’t Caehler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
WM. L. PBBL. President.
ROBERT F. MADDOX, Ylre President
MADDOX-RUCKBR BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $800,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi
annually in our Savings Department.
cottonVg^ain, ^rovisiSn’sIstocks^ bonds,
8. 3 Will SI., him IvifJIi;. Mult. 6«-
Mine US:
few Tkrft C#ffo* ftekengr. Chlf'l• Beard of Trade.
JDw Or!tm$ Cottoa ftehmQe. T^^aage.
I lit mol Cttt.. SltocMMs. Sew York C of 10 fitliig,
fXili wm, U H.r, Yert. Him Or/M... CJIr.,0. S. e. COIHIAl. U.o.cn
Stll hoot IU1. SliaSiriptw 39L
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.