Newspaper Page Text
THE ATLANTA GEORGIAN.
TUESDAY, SEPTKMB15K 11, in
ll
[ILLS HPECTLD
bluer opening
Cotton Started Steady and
Unclianged to 3 Points
Higher.
NEWS AND GOSSIP
Of the Fleecy Staple.
SUPPORT INCREAS E D
Advance to More Normal
Basis with Other Side
Followed.
jlew Tork. Sept. 11.—The opening
oMhe lie® 1 cotton market today was a
disappointment to the bulls. It opened
unchanged to 3 points higher. Sub
sequently, however, support Increased
and prices advanced to a more normal
basis with the other side. Lower Wall
street was credited with the heaviest
* ..I rmn nml wfinthar nmvR
•elllns Crop and weather news
f«vored the i _beam,ir anything.
fcfffhpr nml a slight decline later cotton for
future' delivery way moved up to about
1"Lint* above yesterday's ©losing. The
weather report was a Utile better than ex*
ptfted.
Trnde was dull and devoid of Interest.
Estimated receipts tomorrow:
j,>w Orleans
Galveston . .
Houston . . •
1906.
. 2,200 to 8.000
.12.000 to 13.000
. 9,000 to 10,000
The close was steady at unchanged to 3
points dedlue.
SPOT COTTON MARKET.
Liverpool—Demand for spot cotton fair,
with prices firm. Middling uplands 6.64d.
c.|..« in.OOO. American 9,200. Speculation nml
pal . .iwv ' Inl. r. IWV Imarlann 1
AllHU"*— f’a 8 5fcJ l,eW)#
.New York—Quiet, 9.80
Savanna li—Steady,
Augiietn—Steady, 9ftc.
Memphis. quiet, „
9 5-16.
Baltimore, nominal, 9%.
fiorfolk. quiet. 9ft.
Mobile steady, 9.
k Louis, quiet, 9ft.
TODAY'S PORT RECEIPTS.
The following table shows receipts at ths
See Orleans.
(hdrrstoii. . .
Mobile
Karnimnh. . .
Charleston. . .
Wilmington. .
Norfolk. . . .
New York. . .
Boston. . . .
Total.
3113
18170
1826
4579
17801
1735
1508
2601
INTERIOR MOVEMENT.
The following table shows receipts at ths
Interior towns today, compared with ths
urns day last year: . -
WEATHER IN COTTON BELT.
Tyler clear and line. Sherman
Mining hard. Houston cloudy and pleasant.
Fort Worth heavy rain. Dallas partly
Private Wire to Glbert & Clay.
-New York, Sept. 11.—Liverpool at 12**M
The mnrket does not teaimiS to the buy
ing following the bureau report, as the con
viction prevails that the crop is doing well.
Liverpool cables: “Continent and Egypt
bought. Think bureau discounted nml that
the mnrket will be lower If crop accounts
continue good.”
P- £•*» 6 to 7 up. About as expected.
. jork. Sent. 1L—The Journal ofCom
mere.© says: Heavy mail orders were re-
Srer* rnlnJ 1 ®..? 11 th *. l,0, l ,IM?# nnrt there
ZitS H'Z n LJ£? rtleT l. P 1 "™ 1 - *“ keeping
? J rnct . ,ee whlc “ *»• prevallS for
“i®"* hovers ordered | n suinil
amounts, but naked for quick deliveries.
?* ma “J' mn,,s JTftoted to delayed
goods or to goods on which quicker snip-
meuM wem nauested. it I. £i«, r euougli
that the country s stocks lire not iu the
storehouses of the mills or their selliug
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-flv©
years’ experience of ed
iting markets in Atlanta
and the South has made
him a recognized nu
thorlty in bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Exporters ore buying rontnict, In till,
market, _ being nimble to procure spot,.
Ne«- wo ...1— — "Liverpool , v |re»
New York wires „
hade nervous; louks much higher."
Today’s map I, not so favorable, rains
P Vl lu * fallen over the western
belt, while scattered showers have also oc
curred In eastern states. Further reports
of damage would not be surprising, nuu. to
gether with slightly better"Vhan’Vxpecl
Liverpool, should result hi n steady If i
ted
not
higher market,
fo keep market down New 1'ork should
■*“ * ‘ * much
send more selhug'orders*Instead*of
bearlsli dope.
Western forecast Indicates scattered show
ers nml thunder storms throughout both
today and tomorrow.
l.ooks like Dallas quit Waco selling. The-
are already short and only increasing thef
short Interest.
Knstern forecast Indicates showers to
night or Wednesday for Alabama amt Mis
sissippi. For balniice fair weather tonight
and tomorrow.
Private Wire to Ware A Lelaml.
New York, Sept. 11.—Liverpool opened
firm at 5 up. At 12:15 p. m., 7 up and
steady. Sales 10,000, 9 up at 5:54d,
Futures due to come 6 to 7 up.
The New York cotton market opened
•bout ns expected on Liverpool cables.
Wiggins sold considerable December and
\ presumably for Carpenter,
and commission houses good buyers.
LiverjMxd tonight some cotton here.
Ileyo market can be bought on soft spots
for the present.
New Orleans, Sept. 11.—Liverpool at 7 up
Is a full resiomse. Was due 6 points up.
Spot sales of 10,000 bales at an advance of
« dispatch from Victoria. Tex., says:
’The flue cotton crop of last year followed
bv this year's good crop luis generally put
the farmers in good shape. The cotton
yield will uot be ns large as wna nt first
expected on nccount of unfavorable weather
conditions, but It Is thought that It will
exceed last year’s yield. Over o
crop luis already been gathered.
“ fi
e-half the
& Co., wire from New York:
llg _
nk sinners' Inure than offsets bullish
efli * “
construction of tbe f condition- report. Ex
pect lower market.'
New Orleans, Sept. 11.—Cables are favora
ble. Perhaps they are hater than due when
the bearishness of the ginners’ report Is
considered. Sales of 8,000 spot* are a very
favorable feature.
Too much ruin Is shown over Texas.
Otherwise the weather map Is favorable.
New Orleans, Sept. 11.—The market Is
very dull. Scalpers are short for a turn,
but sentiment is more bullish on the whole
than It has been for some time. The wenth
er forecast for tomorrow Is bad, nml there
Is u good demand for spots. These
tures that ought to cause a temporary ad
mice anyway.
Carpenter Is here am! Is reported to be
selling cotton freely through several bouses,
‘ ut the market stands It well.
The market Is easy under rather free of
ferings from ring scalpers. The Impression
NAME OF STOCK.
Atlanti
American Sugar Kef.
Anaconda.
Americau Locomotive..
do, preferred. . . .
Amer. Smelting Kef. .
do, preferred. . . .
Atchison
. do. preferred. . . .
American Cotton Oil. .
Amer. Cur Foundry. .•
Baltimore A Ohio. . ..
Brooklyn Knpld Tran..
Canadian Pacific. . .
Chic. & Northwestern.
Chesapeake »* Ohio.
Colorado Fuel A Iron..
Central Leather
do, preferred.
Chic. & Great West's-
C’hje., MIL & St. P. . .
Delaware A* Hudson. ..
Distiller's Securities...
Erh
If-. , . „ . . .
do, preferred.
General P
Electric.
Illinois Central
Amer. Ice Securities. ..
Louisville A Nashville..
Mexican Central
Missouri Pacific
T*AME OF STOCK.
N. Y., Ont. A Western*
National Lead. . . .
Northern Pacific, .
New York Central.
Norfolk & Western,
lnsylranla. . . .
d?-
Reading
Republic Steel
Rock Island
do. preferred. . . .
United States Rubber.
do. preferred. . . .
Southern Pacific. . . .
Southern Railway. . .
do. preferred. . . .
Sloss-Sheffield
Teun. Coni & Iron. . .
Texas & Pacific
Union Pacific
United States Steel. ,
do. preferred. . . ,
Va.-Cnr. Chemical. , .
do. preferred. . • ,
Western Union
Wabash ,
do. preferred. , • .
Wisconsin Central. . .
-- - do. preferred. .
Total stock sales today 1,071.900 shares.
NEW VORK.
The following Is the range In cotton fa-
tures in New York today:
left
Oct. .
Nov. .
Dec.
Jan. ,
Feb.
March.
Ma:
Mosed
steady.
Tfo
w.
TSP5
8.93-94
9.04-06
9.18*19
9.26*27
9.81-32
9.40-41
9.61-62
LIVERPOOL.
, compared with yesterday's
Sept. . .
SepOOct.
Oet.-Xov. ,
Nor.-Dec. .
Dec.-Jan.
Jan.-Fob. ,
Feb.-Mcb.
Opening.
Range.
- Close.* Close.
.6.18 -5.17 B.18 6.11
.6.03 -6.0016 6.06ft 4.98
.4.98 -4.99 4.99ft 4.93
.4.97 -4.99ft 4.99 4.92V
.4.99ft 6.00 *
.4.99 -6.02 6.01
.6.01 -5.04ft 6.03
.5.06 -6.06ft 6.06ft
■fny-June . . .
Closed quiet.
NEW ORLEANS.
The following is the range In cotton fu
, rne roilowing is the rang
turea In New iTrlenns today;
Kept. .
Npl
Oct.
Nov. ,
Dec. .
Jan. . ,
Feb. .
March.
"fa
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Glbert & Clay.
uduce covering of shorts.
The corn figures are ubout ns expected.
Indicating n cron equal or little over Inst
year's. While this is bearish, present low
prices are eqnnl to low prices of last year.
The net stock of cotton Tu New Orleans
The amount _ _
bales, against 3,590 last year.
11. Dnponte, who estimated lost year’s
cotton crop on September 6, 1906, nt 11.319,000
lialca,.say* .this, crop will bo 13436,000.
cloudy and hot. San Antonio cloudy
Ml**lftipp|-Nfttches clear nml cool: rail
jvsienlay afternoon; Jackson and Yah*
New Y'ork. Sept. 11.—There was considers-
Ido uncertainty In trade circles over the re
ception of tho figures issued by the agricul
tural department yesterday. As Is gener
ally known, the decline In cotton from
around lOfte to 9c hns thus far failed to
stimulate aggressive buying of a kind that
would change the character of the cotton
mnrket. Many regarded It probable that
Influence might lie exerted by the
. t report and new buyers of such
volume would be found ns would absorb the
floating supply and carry on an advance In
the future market. But this morning the
South seemed to he selling rather than
2l*Hkn rlosr and hot. Montgomery and
Troy clear and pleasaut Mobile and Selma
clear and wnrm.
WEATHER IN WHEAT BELT.
Kurnme Northwest—Clear: 32 to 88 Above.
Northwest—Generally cloudy: 44 to 70
•Uovp; general rains South Dakota and
Minnesota.
"/*t nml South west—Generally clear; 64
n «* above; local rains In Nebraska.
°hlo Valley—Clear; 68 to 74 above; show
r« at Nashville.
WEATHER FORECAST.
.. ...........i, nuiiMiuin nms .ui.nipi|
w«l thunderstorms Tuesday and
w: hght, variable winds,
beorgh. Knstern Florida and Western
Florida—Generally fair Tuesday and Wed-
BMdn.v; light vnrlablo winds.
Texas—occasional thunderstorms
I Wednesday; light to fresn
TurahL ~...
"nth winds.
Westsrn Texas—Fair In the south and
■nwrrs In north portion Tuesday and Wed-
cooler Wednesday In the uorth
THE COFFEE MARKET.
New York. Sept. 11.—The coffee market
•Ijriiwl sternly nt nn advance of 6010 points
pl IniTHBirii the galu to n matter of 15fi)
punts during the forenoon on covering
wm k rl * B,, d n renewal of bull support,
Wbl'h Wn * encouraged by the further re-
Kf fganllng tlm valorization pi ..
r^i froin the numlmr of private ©able*
*>n»f «f them* varying In detail,
I.» l *" substantially the same effect.—
•Srf* ^ Clay.
following is thi, opening range and dose
2 “w N«* York cuttf. mnrket ‘
for to-
{■uiiarr.. ..
Of>o n,n C _
Range. Hose.
6.70-6.75 A804.85
Msrt-h
flR: ‘
6.75
6.86-6.90
6.90
7.01
f 1 uguer
[Httsmlior..
fwrailH*r.
*^nit*or ' **
VUm *<I steady.'
7.06-7.10
7.10
7.10
6.86
6.45-6.60
6.60-6.66
A60
6.99-6.95
6.96- 7.00
7.96- 7.10
7.10-7.15
7.16-7.20
7.20-7.26
7.25-7.30
6.65-6.66
6.604.(3
6.654.70
6.754.80
feature for those who looked for n contln
tied rise on short covering and more general
buying, lit fact, at times prices ran off
very easily, nml the advance seemed to be
more the result of professional buying than
I'fler of cotton. While the figures may
uot Indicate overproduction. It must not 1h»
forgotten that there Is now crowing some
11.000.000 or 12,000,000 bales or cotton, and
the South hns this for sale. The market
Is likely to bo a good scalping affair for
some time to come, with fluctuation* above
nud below the present level.
L. J. ANDER80N & CO.’S
DAILY COTTON LETTER
Nom Y'ork, Rent. 11.—COTTON—Liverpool
morning and took 8,000 bales nt nn advsuce
of 9 points, also futures rose 8ft and 9
points, which wns letter than due, but
the big boars said. ”Najj we are not
jig
ready for prices to advance.' 1 ' Hence New
Y’ork ref tim'd to respond, and dragged
around all morning at about yesterday’s
dinting prices Using past craps ns a guide
and comparing with the largest of them all
we cannot figure more thnn 11,250,000 IhiIos
bear crowd are able out of that
tit derive n crop of 12,250.000 or 13,000.
luiles. The government figures . yesterday,
77.3. show a condition 9 per cent poorer
and the serengo planted Is 10 per cent less.
By figuring this out It will l>e seen that
the Indirateil yield Is 11.295.145 hales, pro
vided the season Is equally ns fnvornhle for
the balance of the time. Every bile of this
crop Is going to lie needed and the spin
ners nre picking np some cbenp cotton at
these prices.
LIVE 8T0CK MARKET.
Chicago. Kept. lL—Hog*—Estimated re
ceipts today 22,000. Market slow; I to 10c
85.9006.a!; eaflmated for tomorrow 30,000;
light hogs H1606.6O; ml zed 15 8506.56;
heavy 15.2506.40; ,rough_65.3506.7O; .pigs
^'cattle—Estimated receipts 12,000. Market
steady to v * —
. 'shade lower: quality fair.
hecro* 83.8006.86; cows 81.2504.30; heifers
Skd as®
ers nml feeders 83.2504.25.
GIBERT & CLAY
* 1 ALABAMA I
_ _ BONDS.
COTTON. CRAIN.
COFFEE. PROVISIONS
ATLANTA. OA.
!-* wi k S tM.1 s£»T%9P
*" York CosS SHWpleg g r r !SS; Bo®rd of ■IrS5e.|«alvoliton Cotlou ExctanfS
Lot *l .nd Lona DI,Unc. T.| , ,phone S 5298. 1 Licb “ n ^; n. FAGAN. Man.n.r.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
pii'cs nir niuui »»» lun tu mni ji-nr.
rather discount the size of the crop and
not likely to encourage further bear ef
forts.
The oats figures look bullish. Cannot help
feeling we shall see some recovery all
around.
Believe we shall see a covering movement
on fairly liberal scale. Oats are showing
a rampage. There
Valentine buying May and December
wheat.
Chicago Record-Herald: Despite the ex
, no prospect that
there will he aa lar^e a shrinkage In the
lard stocks here decreased 60,000 tierces.
l*nst week's exports of lard, however, were
quite gratifying.
WHEAT OPENED
Took on a Fair Degree of
Firmness Soon Aft
er Start.
Private Wire to Ware & Lelnnd.
Chicago, Kept. 11.—The wheat market still
has general debility.
Home of our local traders are becoming
bullish ou corn.
nett Itought n little Ma~ corn. Crowd led
by Wagner Is bulling corn ou streugtb Id
oats. Rosenbaum selling It.
Commission bouses buying oats. Crowd
and wheat traders also buying. Selling la
on resting orders.
Provision list opened about 5c lower.
Weaker hog market nt yard* and general
commission house selling feature. The buy
ing wns headed by the National Packing
Company, which bought lard; also some
orders that looked like packers by several
commission houses.
Valentine Is back In town and a bujfltr
of wheat. He hns taken 250,000 bushels of
Mny nml December. Offerings not large at
moment.
Market
ribs through commli
firmer. A . . ,
Chicago Inter-Ocean: Contract stocks In
Chicago: Wheat 8,668,722, corn 78,283, oats
Chicago:
,118,360. .
Total stocks In elevators In Chlcag
Wheat 13.689,000, corn 1,823,000, oats 4,876,Of
they were before the agitation last spring.
The exports of one of the largest packing
... — ~* *- ~* pej. pent for articles
.... t more than 8 to 10
per cent of its totnl business. It Is the
Tbla If
opinion tbnt the pw-kora will hn.a the beat
year for earnlnga In their hlatory. rhla la
the explanation for the rerent atrengtb In
Hwtft ahnrea. ., ..
A Liverpool houae cahlca; Honthpaatern
Enropenn porn prop proappeta ponttnuo ex-
celteut, and while crop eatlmatea nre un
doubtedly very much exonerated there In
nn doubt that homper cropa are likely tolie
wn-nn-d. and that the export aurplua wlU
excee.1 that of any former aeaaon.
Jonea and Innlta hare p.irered live mm
atatpa. nml any If the hnlnnro of the prop
la thr nnnip In thr torrltory thry have
covered tlir crop will be S.OOO.ntO.nvi huahela.
and prolmbly more, A vron expert who baa
been through Indiana nndGhlo taya he hna
found txry few Itelda that will go l>#low
Chicago, Sept. 11.—Price* were well
suetalned In the wheat pit, where the
resting spots showed advances of 1*80
3-8c for tho day In wheat.
Com and oats were not fully held
up to the top prices, the former clos
ing 1-4@l-5c higher and the latter was
up 3-4®l l-4c.
Hog products were unchanged.
Cash sales of wheat here were mod
erate; likewise at the seaboard. Sea
board reports 3 loads wheat; 1 load of
com and 80,000 buahela oats.
At Chicago there were 65,000 bushels
wheat, 70,000 com and 66,000 oata.
Primary receipts of wheat 1,162,000
buahela and corn 164,600 buahela, com
pared with 858,186 and 766,000 buahela,
Clearances 200,000 bushels wheat,
15,000 bushels corn and no oats.
CHICAGO GRAIN MARKET.
L'lnaed stpsdyT
It
9MU
9.12-13
9.14-16
9.17-18
9.25-26
9.31-33
9.38-39
9.62-64
9.10
9-14-
9.16-
9.19-20
9.27-281
9.3346
9.41-42
9.64-56
WEEKLY WEATHER
AND CROP REPORT
Alabaras—The weather wns partly cloudy
with frequent scattered showers and near
ly normal temnerntures. Rains were locally
excessive on theSth and 6th and caused some
damage In the northeastern part of the
state. The weather wns wnrmest on the
4th and coolest during tho latter port of
tho week.
Arkansas—The mean temperature was
about normal. The precipitation wns above
the normal In northern counties and below
In most southern counties. Rain Is needed
In some southern counties and clear, sun
shiny weather is needed in most northern
counties.
Gobrgln—The mean temperature was from
2 to 4 degrees above tho normal. Tho pre
cipitation wns generally light nud unevenly
distributed, none occurring In portions of
sodiq eastern counties. Heavy rain occur
red in western rouulle* on the 5tb and 6th.
LoaMiM--Ltgbt, scattered showers oc
SS™,«w*y »nd In a few localities
the rainfall wna heavy and generally Mow
* he temperature wns above
norms and the sunshine about the normal.
Mississippi— 1 TJiere wns much cloudy and
sultry weather. The temperature was uni
form, averaging from 2 to 8 degrees abaVe
SEff* WerB Sequent, but
southwest counties.
North CarolUta-Generally the weather
Thunderstorms
fair
tvere general on /he 3d. Tho ralhfsll was
nitout the normal; the mean temperature
was slightly above th enorval.
Oklahoma and. Indian Territory—The
for today follow:
Open.
WHEAT—
Kept. ... 69ft
Dec. . .
Mny. . . .
CORN-
Rept. . . .
Dec. . . .
May.
OATS-
Dec. . .
Dec. , .
May. . .
8P8
all
J0%
82 31
44 21J4
6®44
32
J2ft 31
44 1144
3144
3344
34 3S
44 »«
3344
Jnn.
LARD-
Kept. . . 8.45
Kept. . . I
Oct. . .. L—..
Jnn. . . 7.62tf
SIDES-
8.46
AM
7.57ft
12.92ft
8.50
\Ok
Hmt. . . 8.66 6.7244 I.47J4 6.7®
Oct. . .. 6.2744 8.4744 6.2244 8.4744
Jan. . . 6.6244 6.6244 6.66 6.60
m i.nahlfs’ta the aom^an-Tmaiiy wIII gn^W
buahela nml over. Ordinarily corn In
and eastern ludlann la rat nud shocked and
a very small percentage of It la ablppe.1.
Almut 26 per cent of the farm land In the
territory covered Is In corn, which averages
70 bushels to the acre.
Private reports from abroad were very
bearish on corn and oats. A Hamburg letter
said there would be no buslnesa from the
man crop Is a large one and of good quality.
Reix>rts on corn confirm previous advices
of large offerings from the Danublan conn*
tr \Vntaon was n large buyer of wheat In
Minneapolis T«Jfrrthijr.
offering D> retell durum wheat
cently at 6c a bushels ■ higher.
GIBERT A CLAY'S DAILY
COTTON LETTER
New Orleans, Kept. 11.—Liverpool cable*
iudleated that the market’s Improvement
CASH WHEAT- m .
No. 2 red. 71071ft: No. S do., 70071: No. 2
hard wluter, C9ft07l; No. 3 do., Wft069ft.
CHICAGO CAR LOT8.
Today. Tomor.
PRIMARY MOVEMENT.
The following i.gures give the primary
movement of wheat nnd corn:
Wheat—Receipts today 1.162,000 bushels.
tmlay 404.000 bushels, against 328,000 bushels
Inst year.
Corn—Receipts for today 768,000 bushels,
against 766.000 bushels Inst year. Shipments
today 446,000 bushels, against 611,600 bushels
last year.
mean temperature was slightly above nor
mal, and the precipitation wns consider
ably above the normal. The forepart of
the week was cloudy with llfebt to copious
showers. The latter part was dear nnd
warm.
Kouth Carolina—The mean temperature
was above the normal. The precipitation
wns below, the normal except in tho ex
treme northwestern portion. There was
itti*
ample sanshlne. Easterly winds prevailed.
Texas—Khowers occurred dally, being
... —. — counties,
where It ws* below the normal. The tnei
temperature was normal or slightly aho<
normal In northern and eastern counties
and Mow normal In the southwestern
counties. The wet weather has caused
damage In some counties.
Tennessee—The week was warm and
showery with the mean temperature about
S degrees above the normal. The rain was
SOUTHERN EXCHANGE
Oldoat Established Office South.
COTTON 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
Correspondent’s Capital $250,000
REFERENCE, THE NEAL BANK
PHONE ,417. PRUDENTIAL BLOO
was due to Inlying for Kgyptlnn and contl
nratnl Interest., nnd one sournt of Informa
tion was of the opinion that the linrenu bad
1,0011 dlaeonnted nnd that n lower market
would follow. Options oloaed 6 to 7 points
higher, while In,Tensed activity marked the
dny'a trading In spots, ^ sale* aggregating
dny a trading In apola. sal
10,000 Imlea. 5 points higher.
A large imrtlon of the trade ronten.la thnr
too much .in*., has Ih-cii laid upon the
henrlah n«pect of the ginning Agnrea. The
amount of ration ginned .
does not necemartly foreshadow n hamper
ran ‘ " * “
Irat that In reality the Inteneas of
the erop. elsewhere than Texas, la made
rlearly evident hy the .mall numlier, rela
tively apenklng. of eetlve glue operated and
the fact that the totnl glnulnga In Texno
alone , were over two-thlnla of the groan
amount recorded.
Today'a market wan Imre of Intereating
*aturea. Kxportera were reported an gel
priK-an* a|iot ,
r - trading for the
iniMt part woe attributed to the acalplng
element. However, n notable Improvement
hna ncrarred In the morket'a undertone, for
aa long aa unfavorable erop report, nre re-
ra|e W | and the weather rcinalna wet and
pridmlde Hint any mariied dei'llne
ft. Or I tint.
cotton^g^aw, ^rovisiS^S,Stocks ^BONDS,
g«. 2 Wall St., Petrrt ooildiag, Atlanta. Ga.
Mew firt Cattaa tachaage.
ttw Orltaat Cotton C/ehangt.
f I.ii.iaI rfiH/tn IfiAfidfid*.
MEMBERS:
>4 :0 5f.
rfifO
TIPS FLASHED
From Wall Street
Private Wire to Glbert & Clay.
New York, Kept. 11.—Daniel Odell A Co.:
WonM buy stocks on weakness. When the
money situation becomes thoroughly clear
we mny aee further advance, but until then
we expect a trading market.
Marshall, Spader A Co.: Unless today>
market departs radically from a eonse
tlve forecast It should show strength in
nearly all directions. The advance In Cop
per metal and the action of these shares
recently suggest* n strong speculative move
ment having for its Imsls the possible In
crons© In dividend. The coalers appear uu
der much the same Influence, and local
traction stocks promise activity.
Talk of 7 per cent Atchison snd strong
market mny carry it higher. Prefer Erie,
Reading, New York Central and Copper.
The New York Financial Bureau says: De
velopments over night do not indicate any
change from tho policy of specialty Im
provement which appears to he driving ud
new leaders and turning from the old
horses. We would mnlntaln a neutral posi
tion nnd carefully watch efforts we saw yes
terday to let ont a little stock on thi? good
news in Issues which have been bulled by
STOCK MARKET
WAS REACTIONARY
news in issues wnicn nave been bulled by
the large Interests vigorously nnd which
must have long accounts of considerable
proportions. This general policy, conserva
tively pursued will, w© Mleve, give very
7oo4l results. The point to remember b
L hnt the fundamentals nre simply lrreslstl
hie as regards higher prices as soon ns the
presentiment holds of gold imports
are preventives—the; nre nothing more.
They prevent s stringency, hut we do uot
Mleve they provide us with funds nt n
rate reasonable enough to carry on a broad
hull market. They msy come lifter on. We
can see no reason for a real bear market,
but we could understand a raid on the pres
ent list. The gigantic harvest and the enor
mous corn crop nromlscsd mean that sclen-
‘ ‘ Ill preclude any bad years
" ‘in tho past
tlflc farming wl._
such as we have experienced ...
Dp cautious for the present and do uot ueg-
lect fair returns
Would buy stocks in on weak spots
and put out on bulges. Think Steel
preferred, Canadian Pacific and Mis
souri Pacific will eventually go higher.
Just a little profit taking going on,
which seems to be catching some stop
orders."
Rumors of an extra dividend com
ing on Air Brake, and buying of it is
said to be based on this assumption.
Wrenn Bros, are selling stocks all
around the room.
Oates said to be heavy seller of
Steels.
rlvate to Ware A Lelnnd.
New York, Kept. 11.—London shows stnnll
advances In Americans, but the general
mnrket Is heavy on expectation of a rise In
Trading for the Day Was of
an Eminently Profes
sional Character.
CALL MONEY EASIER
Attitude of the Bull Leaders
Continued To Be a
Passive One. b!
New York, Sept. 11.—The stock market to
day displayed a reactionary tendency al
most from the start. The trading wns of
eminently professional character, and, as
the professionals were bearish, the prices
reflected their operations. The attitude of
the bnll lenders continued to be a passive
one. Their recognition of th© undesirability
of boosting stocks at tho moment gave the
•■hi -lor* .•ii-nurh .•ii.-niiriitf.-ni.-nt for
selling stocks. Th© government crop report
wns received ns a matter of course, and dis
regarded by the traders. Similarly addi
tional engagements of gold In London did •
not stimulate the market in the slightest
during the forenoon. Call money loaned nt
608 per cent, with renewals nt *; p<t
but many rumors of calling of loans be
tween certain banks.
New York, Sejlt. 11.—The stock mar
ket opened Irregular. Brooklyn Rapid
Transit was up 3-8 in all and Louisville
and Nashville was up 3-8. Smelting
was off 1-2; Southern railway, 1-4, and
Reading 1-8. Union Pacific lost 5-8
In all. Colorado Fuel nnd Anaconda
unchanged. Atchison lost 1-2 net.
As usual, when th© sentiment Is bearish
there were many more or less depressing
rumors, one of them being a serious hitch
In the Gren: Northern-United States Ktcel-
Ore deal. The Western contingent
time to time there were slight
trend wns downward.
After a demonstration of streugth In
early dealings the market
MUHl Will Iin lUljnil Iru. AUIIIK. UU4T*
ever, that money will hold rather stiffly for
some days. «
Bullish talk Is as prevalent ns ever, hut
ns regards the high priced stocks, believe
some caution should he exercised, nnd
(Mild only (Hiy then ou sharp breaks.
It Is a question as to whiter Atchison
will go on a 6 per cent basis or not, and
under th© circumstances the stock looks
not positive os to whether 8tee! will
show any Improvement, nnd whiles senti
ment Is bullish on all steel groups, would
think it advisable to accept profits on ad
vances.
Gates people are bullish 6n Colorado
public “* ——
Fuel, Republic Steel and Distillers.
Dow-Jones Summary: American stocks In
London Irregular mostly 1-801-2 above
P London settlement began today and trans
actions are now for new account.
London market generally heavy and low
er, fearing advance In bank rate on Thnrs*
London expects further gold engsgements
for New York today.
Republicans win In Maine, but with much
reduced plurality.
Martial law proclaimed over large part of
Cubs and amnesty proclamation withdrawn.
General advance In price of steel ex
pected In near future.
hour mored downward.
the ore
Great Northern nnd tho Steel stocks,
trading element on the or© rumor genet*lly
turned to the hear side because of an ap
parent lack of support. Isondon bought
almut 20,900 shares.
Governments unchanged,
regular.
Other bonds Ir*
COTTON 8EED OIL MARKET.
New Y’ork. Sept. 11.—The ninrkot for mt-
There was some 1 _ . _
remher, but tho disposition to wait for th©
government report on cotton lnflu<Mir»><i
operations considerably. The fact that the
Kouth Is not offering new oil freely had
quit© a little Influence on sentiment. I
on the other hand a large crop of cotton,
excess of 12,000,000 bales, would mean a I
crop of seed. Oil stocks, however, are
low that the entire consumption for
year will have to he out of new oil. Tho
threatens
ever before.
Thirty-nine roads for the, fourth week In
T at show an average gross Increase of
pet cent.
Deposits $7,875,000 arranged for so
"Government crop report shows condition
corn 90.2, against 68 last month anil 81
for ten year average. Indicated crop 2,
._ji year
780.000 bushelL
Indicated total wheat crop 759,671400 bush
els. Twelve industrials advance .05.
Twenty active railroads advanced .04.
LIVERPOOL 0RAIN MARKET.
r unchanged to ft
NORTHWEST CARS
The following figures give ths northwest
ira today, last week and last year:
Last Last
Today. Week. Year.
Minneapolis 807 239 443
Duluth 476 21 267
unchanged to l-4e lower,
aggregated 1,800 barrels. October
84ft; November 600 at 31c; December 10
lfl|e, and January 700 at JCftc.—^Wan
Beptember. . ,
October. . •
November. •
ncroitxir. . .
Janusr/. . .
Slnn-li
Mir.
Closed stesdjr.
GATES PARTY SELLING
Now York, Sept. 11.—It wan reported
todsy that ths Oates party was selllnK-
This party has turned on the market, it
such rumors Is true, for they wero
bullish this morning, advising tho pur
chase of Union Pacific, Erie, Reading,
Brooklyn Rapid Transit, Steels, Furl
■nd Distilleries. It Is reported this
afternoon that a large amount of com
mission house traders hnve been sell
ing out long holdings. They are dis
gusted with the failure of the market
to bull.
TRY A WANT AD
IN THE GEORGIAN
(T
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Cxshler.
JAMES 8. FLOYD, Ait't Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO
COTTON
•j MERCHANTS
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.
Buslnesa solicited for the above exchanges.
Direct wire service. Correspondence invited.
'Phones 451, Long Distance 39. A. S. Hustacc. Mgr.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3’ 1-2 per cent interest paid and compounded semi
annually in our Savings Department.
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire {Building for only $5.00 each per
annum.
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.