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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.