Newspaper Page Text
THE ATLANTA GEORGIAN.
TUESDAY. SEI’TKMHKK 11,
11
mas EXPECTED
BEmmiM;
Cotton Started Steady and
Unchanged to 3 Points
Higher.
SUPPORT INCREASED
An Advance to More Normal
Basis with Other Side
Followed.
{few York, Sept 11.—The opening
0 f the local cotton market today wai a
disappointment to the bulls. It opened
unchanged to 3 points higher. Sub
,equently. however, support Increased
and prices advanced to a more normal
basis with the other side. Lower Wall
.treet was credited with the heaviest
selling. Crop and weather news
favored the bears. If anything.
After opening unchanged to 4 points
higher, and a slight ileclln* “ ■*
7 1 .l.vllt-n
future' delivery was moved up to
| tmlnts nlwve yesterday's closing. 1
weather report was t Utils better than
^Tuile was dull nnd devoid of Interest.
Estimated receipts tomorrow:
hew Orleans
Galveston . .
Houston . . .
.'iris!!
. 9,000 to 10,0<
1906.
The rinse was steady at unchanged to 3
points decline.
SPOT COTTON MARKET.
Ilverpool-Itemsnd for spot cotton fslr.
With price* firm. Middling uplands 5.64<).
Sales ROOD. American 9,200. Speculation nnd
inmrt 8tw, reeelpts 6.000, American 4,600.
Atlanta—Sternly, SKo (new).
New York—Quiet. 9.80.
New Orleans—Firm. 9*e.
Savannah—Steady. 9 16-10.
Augusta—Steady, 9*c.
Memphis, quiet. Mi
Gslveston ttmi. 9 6-18.
Italtluiore. nominal, M4.
Norfolk, quiet, 9H.
Mohllo steady. 9.
8t. Louis, nulet, M*.
TODAY'S PORT RECEIPTS.
Tbs following tahts shows reeelpts at ths
sorts todsy, compared with the same day
list resr:
New Orleans,
liiilrpftton. , .
Mobile
ftivaniinh. . •
rhnrl«*«ton. . •
Wilmington. .
Norfolk. . . .
Nmt York. . .
Bouton. . . .
3113
18170
1828
4679
17801
1736
1508
N 2804
INTERIOR MOVEMENT,
The following table show* receipts at the
Interior towns today, compared with the
nmt day lait year:
Houston. .
AltffUStA. .
Memphis. .
St. 1,01118. .
Clm’lnnntl.
Total.
WEATHER IN COTTON BELT.
Fort Worth heavy rain. Dallas partly
rifiuir nnd pleasant: light rain yesterday
afternoon. Temple cloudy and foggy. Ilel*
»"ii Houdy and hot. Han Antonio cloudy
MUniHippl-^Natctwa clear nnd cool: rain
mterrifty afternoon; Jackson and Ynxoo
Hty cloudy nnd pleasant. Meridian dear
Mjl warm. Hattiesburg partly cloudy nod
Alabama—nirmlngham dear nnd wnrtn.
opellkn Hear nnd hot. Montgomery nml
Troy clear nnd pleasant. Mobile and Selma
clear and warm.
WEATHER Tn WHEAT BELT.
Extreme Northwest—Clear; S3 to 68 above.
North west—Generally cloudy; 44 to 70
f!«ve; general rains South Daketa and
Hlnnesotn.
Went nnd South went—Generally dear; 64
«o ;« above; local ralna In Nebraska.
Ohio Valley—Clear; 68 to 74 above; show'
W at Nnshville.
WEATHER FORECAST.
dnnn. Alabama and Mis
wed thunderstorms Tuesday
fy: light, variable winds. _
Georgia, Eastern Florida and Western
Florida—Generally fair Tuesday and Wed*
tfjdnv; light variable winds.
ha«r Texas—Occasional thunderstorms
Tuesday and Wednesday; light to fresh
•oath winds.
Western Texas—Fair In the south and
Mowers in north portion Tuesday and Wed-
wsdnjr; cooler Wednesday In tbo north
NEWS AND GOSSIP
Ot the Fleecy Staple.
Prirat* Wire to Glbert & clay.
nXfJitUx ? ept - U.—Liverpool at 12:30
lhe market docs not respond to the buy-
Ing following tho bureau report, as the con
viction prevails that the crop Is doing well.
Liverpool cables: “Continent and Egypt
bought. Think bureau discounted and that
the market will be lower If crop accounts
contluue good."
to 7 up. About as expected.
8 ®P*- lL—The Journal of Corn-
J2JJ21 W** .Heavy mall orders were re-
wijr d n}?«5 ear y ? 11 the . Gouges and there
2m? ♦h!? 0 / Pl*eed. In keeping
with the practice which has prevailed for
,r }“« buyers _ ordered In small
amounts, but asked for quick deliveries.
The bulk of many malls related to delated
goods or. to goods on which quicker ship-
requested. It is clear enough
that tho country s stocks are not In the
storehouses of the mills or their selling
agents."
"xporters are buying contracts In this
market, being unable to procure spots.
New York wires us: “Liverpool wires
trade nervous; looks much higher."
Today's map Is not so favorable, rains
_avlng generally fallen over the western
l»elt, while scattered showers have also oc
curred In eastern states. Further reports
oi nnmngc would not lie surprising, anu, t
K ther with slightly better than expect*
verpool, should result In a ateady If n
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years’ experience of ed
iting markets In Atlanta
nnd the South baa made
him a recognized au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
bearish dope.
Western forecast Indicates scattered show'
era and thunder storms throughout both
today and tomorrow.
IBooks like Dallas and Waco selling. The;
are nlneuly short and only Increasing thel
short Interest.
Eastern forecast Indicates showers to
night or Wednesday for Alabamn and Mis
sissippi. For balance fair weather tonight
and tomorrow.
Private Wire to Ware Sc Leland.
New York, Sept. 11.—Liverpool opened
& t u P* At 12:15 P- n»-.. 7 up and
steady. Sales 10,000, 9 up at 5:$4d.
Futures due t6 come 8 to 7 up.
The New York cotton ninrket opened
aliout ns expected on Liverpool cables.
Wiggins sold considerable December and
January, presumably for Carpenter.
Bcklll nnd commission houses good buyers.
Liverpool bought some cotton here. Be*
lievo market can be bought on soft spots
for the present.
New Orleans, Sept. 11.—Liverpool at 7 up
Is a full response. Was due 8 points up.
T*pot sales of 10,000 bales at an, advance of
r lnts Is a satisfactory feature.
dispatch from Victoria. Tex., says:
•The line cotton crop of last year followed
"his year’s good crop has
fanners In good shape,
yield will not be as large as was at first
expected on account of unfavorable weather
conditions, but It Is thought th
exceed lust year's yield. Over oi
crop has already been gathered.”
Craig Sc Co., wire from New York:
'Think glnners* more than offsets bullish
construction of the condition report. Ex
pect lower market."
New Orleans. Sept. 1L—Cables are favors-
-Je. Perhaps they are betcr than doe when
the Itearlshuess of the glnners report la
considered. Hales of 6,000 spots are a very
favorable feature.
, Too much rain Is shown over Texas.
Otherwise the weather map Is favorable.
New Orleans, Sept 11.—The market Is
very dull. Scalpers ore short for a turn,
but sentiment Is more bullish on the whole
than It has been for some time. The weath
er forecast for tomorrow Is bad. and there
a good demand for spots. These are fea«
tures that ought to cunie a temporary ad
vance anyway.
Carpenter Is here and Is reported to be
selling cotton freely through several houses,
but the market stands It well.
The innrket Is easy under rather free of
ferings from ring scalpers. The Impression
that McFsdden Is selling.
The net stock of cotton Tn New Orleans
. 16,028 bales, against 44,715 last year.
The amount of cotton shipboard Is 6,152
bales, against 3,690 last year.
It. Daponte, who estimated last years
cotton crop on Soptembsr 6, 1906, at 11.319,000
v the COFFEE MARKET.
W York. Hept. 11.—Tho coffee market
•Pencil stonily at nn advance of 6©10 points
5 ^ts during the forenoon on covering
•t short* and a renewal of bull support,
•nil'll was »*iicouraged by the further re-
ports regarding the valorization plan. It
■*m*l from the number of private cables
rw'elvod. unme of them varying In detail,
R? ■? *" "ubstantlally the same effect.—
6 2jft A t lay.
roll owing |« the opening range nml close
J* y ! h * New y 0 rk coffee market for to*
Opening
Ranee.
6.70-6.75
6.75
6.85-6.90
6.90
7.00
7.05-7.10
1.16,
7.10
6.16
■6.46-6 JO
6.60-6.66
6.69
Tannnry.. ..
F^runry..
June.’.
July
■August,7 7
"■Member..
aovAniber J
lumber.’*
r l**sc<l steady.*
Close.
680-6.85
6.904.95
6.95-7.00
7.06-7.10
7.10-7.16
7.16-7.30
7.20-7.25
7.23-7.30
6.664.66
8.604.65
6.664.70
6.764.89
New York. Kept. 11.—There wes considers
hie uncertainty In trade circles over the ro-
ceptlou of the figures Issued by the agricul
tural department yesterday. As Is gener*
ally known, the decline In cotton from
around '10*4c to 9c hns thus far felled to
stimulate aggressive buying of a kind that
would change the character of the cotton
market. Many regarded It probable that
some Influence might tie exerted by the
present 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
Jfoutli seemed to be telling rather than
buying, nml this was n very discouraging
feature for those who lookfd for a contln
lied rise on short covering aud more genera
buying. In fact, nt times prices ran off
very easily, nnd Hie advance seemed to be
more the result or professional buying than
not Indicate overproduction. It must not lie
forgotten that there' Is now growing some
11,000.000 or 12,000,000 bales of cotton, and
the South hns thla for sale. The market
Is likely to he a good scalping affair for
NEW YORK.
Th. follovrlnr I, th. ran,. In cotton fa-
turn In Wow York tndnrt
Kept. . ,
Nor. ’.
ft?:: :
Fob. . .
March.
IB
8.96
Cm
i.»
n
9.16
9.43
(ay. . . .1 9Jil
Hosed steady.
m
848-72
8.90-91
9.02-03
9.18-17
9.24-25
9.33-32
8.93-94
9.04-06
5.18-19
9.28-27
9.31-32
9.40-41
9.61-62
LIVERPOOL.
The following table gtvea the oi
jnge --
close:
Pen Ing
range and close, compared 'with yesterday's
Opening. Previous
Range. Close. Close.
sir
Sept. . ,
Sept.-Oct.
Oct.-Nov.
Nov.-Dee.
Dec.-Jan.
Jan.-Feb.
Feb.-Meh.
. .6.18 -5.17 6.18
.6.03 4.09*6 6.06*4
.4.98 -4.99 4.90^
.4.97 -4.99*4 4.99
.4.99*4 5.00
.499 4.02 5.01
April-May . .
quiet.
5.06*4 4.1
5.07 6.01
5.09 6.03
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Glbert Sc Clay.
Chicago, Hept. 11.—The government
ort on wheat will uot give the bears any
rest: encouragement, bat la most likely to
nduce covering of shorts.
The corn figures are about as expected.
Indicating u crop equal or little over last
year's, while this fs bearish, present low
prices are equal to low prices of- last year,
rather-discount the size of the crop and
not likely to encourage further bear ef
forts.
The oats figures look bullish. Cannot help
feeling wo shall see some recovery
around.
Believe we shall see a covering movement
oft fairly liberal scale. Oats are showing
prouounced strength.
Oats appear to be on a rampage. There
Is a big general short Interest.
Cudahy selling provisions.
Valentlr* ‘ — % '“
wheat.
Chicago Record-Herald: Despite the ex
celleut trade reported In cash meats and
lard, provision men see no prospect that
buying May and December
L. J. ANDER80N & CO.’S
DAILY OOTTON LETTER
morning nnd took 8.000 bales at an advance
of 9 (mints, also futures rose 8*4 and 9
points, which was better than due, but
the big bears said, "Nay, we are not
ready for prices to advance. ’ Hence New
York refused to respond, and dragged
around nil morning at about yesterday’s
closing prices Using past crops as a guide
and comparing with the largest of them all
we caqnot figure more than 11,260,000 bales
from yesterday's condition figures, yet the
bear crowd nre able out of that anowinr
to derive ft crop of 12,260,000 or 13,000,00
bales. The government figures yesterday,
77.3. show n condition 9 per cent poorer
j5v*ry bale of thlf
crop la going to !>e needed nnd the spin
ners nre picking up some cheap cotton at
these prices.
LIVE STOCK MARKET.
Chicago. Kept. 11.—Hoga-Rstlmatsd re
ceipts today 22,000. Market slow; 5 to 10c
lower: quality falrr
15.90fT6.3b; estimated xor loswrrww ww*
light bogs I8.16C6.60; mlxfHl 85 85C8.55;
heavy 85.2SC140; rough 85.35C6.70: pigs
S5.66c6.46:yorker* M.56C6.60; food to choice
^ C’a/:le^Ksthuated receipts 12,000. Market
fair;
heifers
32.40C5.30; calves 16.5068; loylprtino steers
86.9066.86: P™r to medium 82.9065.9), stock
ers nnd feeders 83.2564.25.
GIBERT & CLAY
* *• ALABAMA (T.
STOCKS. BONDS.
COTTON. OKAIN.
corrcc. provisions
MEMBERS!
ATLANTA. OA.
*" -““bb c>3i.uttU|jc.|eow wiicumm - — ■
«nd Lonfl DhUnd R. FAGAN. M.n.s.r.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
nc»l ,tOfk of Urd tl
n Ssptomhsr last fear. In that month tho
»rd stork* hero decreased #0,000 tierces.
Isst wash's exports of lard, bowerer, wars
quite (ratlffln,.
Prlrste Wire to Ware & Inland.
C'hlrsito, Bent. 11.—The wheat marks! still
hns general nebllltj.
Homo of our local trsdsrs srs becoming
bullish on corn.
The ticker safe corn trade light. Ben
nett liousht a little Us- corn. Crowd led
by Wagner Is bulling corn r “■
oats. Itosenbsnm selling It.
Commission houses hujrlng oats. Crowd
and wheat traders also buying. Helling Is
on resting orders.
Provision list opened about to lower.
Weaker hog, market at yards and general
commission Imuse selling feature. The buy
ing wns beaded by the National Tacking
Company, which bought lard; also some
orders that looked like packers by aereral
commission houses,
Valentine Is back In town and n liuybr
of wheat. He has taken 550,000 bushels ot
May and December. Offerings not lurge st
moment.
Cudahy Packing Compeny selling January
ribs through commission houses. Market
Chle'ngo Inter-Oeetn: Contract stocks In
Chlcngp: Wheat S.M3.T33, corn 78,183, oats
’Total ’stocks In elevators In Chicago:
Wheat 13.#83,000, corn l.W.000, oats 4,17#.00O.
The output of all Chlcsgo packing bouses
has grown greatly daring the Ism thirty
days, nnd, according to an authority, tna
sales of all products are now back wbera
they were before the agitation last spring.
The exports of one of the largest packing
houses fell off 20 to 30 per cent for articles
which do not represent more than 8 to 10
per cent of Its total business. It Is the
opinion that the packers will havt the best
rear for earnlnga In their history. Thla la
be explanation for the recent strength la
Swift shares.
A Liverpool house cables: Honthesstern
European corn crop prospects continue ex
cellent, gnd while crop estimates arei un
doubtedly very much exaggerated there k
no doubt that bumper crops are likely to be
secured, end tbit the export surplus will
exceed thet of sny former season. ^
Jones and IngUa have covered five corn
states, and say If the balance of the crop
Is the same In Wrmnvy they, tiavs
covered the crop will be 8,000,000,00# bushels,
and probably more. A crop expert who has
been through Indians and Ohio says be tas
found very few Helds that will *“
#0 bushels to ths sera, and many will go 80
bushels and over. Ordinarily corn In Ohio
and eastern Indians Is out slid shocked and
a very small percentage of It Is shlppml.
About 25 p«r cent of the form land In the
territory covered Is In corn, which sversges
70 Imshels to the sere.
Private reports from abroad were very
bearish on corn and oats. A Hamburg letter
said there would be no business front the
Pnlted Htstes In oats this year, as the Oer-
tilsn crop Is a large one ami of good qnsllty.
Reports on corn confirm previous advices
of large offerings from ths Dsnublso conn
'ftftitson gni a large bnyer of wheat In
SI J?itmemKJli'”a'in^ that foreigners wert
offering to resell durum wheat bonght nv
ceutly st 5c a bushels higher.
GIBERT & CLAY’S DAILY
COTTON LETTER
WHEAT OPENED
Took on a Fair Degree of
Firmness Soon Aft
er Start.
Chicago, Sept. 11.—Prices were well
sustained In the wheat pit, where the
resting spots showed advances of 1-80
3-8c for the day in wheat.
Corn and oats were not fully held
up to the top prices, the former clos
ing 1-401-2C higher and the latter was
up 3-401 l-4a
Hog products were unchanged.
Cash sales of wheat here were mod
erate; likewise st the seaboard. Sea
board reports 3 loads wheat; 1 load of
corn and 80,000 bushela oats.
At Chicago thera were (5,000 bushels
wheat, 70,000 com and 55,000 oats.
Primary receipts of wheat 1,102,000
bushela and com 154.(00 bushels, com
pared with 851,116 and 7(8,000 bushels,
respectively, a year ago.
Clearances 200,000 bushels wheat,
15,000 bushels com and no oats.
CHICAGO GRAIN MARKET.
Open.
WnEAT—
Sept 89J
Dec. . . . 7W
May. . . . 75$
41*
Previous
Low. Close. Close.
72(1
7««
NEW ORLEANS.
tures In New (
isFT;
Nov. . .
Dec. . .
Sfe::
;^ h ’.
£loitd steady.
g Is th
Tries ns
today:
TL
9.12-13
9.14-16
9.17-18
9.25-26
9.31-33
9.38-39
9.52-64
9.10
9.14-16
9.1(5-18
9.19-20
9.27-n
9.33-36
9.41-43
9.64-66
OATS-
Dec. ... 20*
Dec. ... 211
Mny. ... *3!
—UK—
^ . .16.60
Jan. . .12.92*4
LARD- „
Hept. . . 1.45
Oof. . .. 1.62*4
ssr
MP'
CASH WHEAT-
!8t St
I! 1
7.67*4
8.45
8.50
7.57*4
Bfe »»
. . . (.32Vi «.3rt4 «.» (.30 7.00
New Orleans, Hept. It—Liverpool cable,
indicated that the market's Improvement
was doe to buying for Egyptian and conti
nental Interests, and one source of Informa
tion was of the opinion that the linreeu had
I wen discounted and that a lower market
would follow. Options- olotjed « to 7 points
higher, while Increased activity marked the
day's trading In spots, Mles aggregating
10.SW bales. * points higher.
A large portion of the trade contends that
tea much stress has liecn laid upon the
lieniish aspect of the ginning flgnres. The
la made that the comparatively Urge
nt of cotton ginned to Keptemher 1
docs not necessarily foreshadow a hamper
yield, lint that In renllty the Utcness of
the crop, elsewhere than Texas, la made
clearly evident by the small number, rela
tively speaking, of active gins operated and
the fact that the total glnnlnga In Texas
alone were over two-thirds or the gross
amount recorded.
Today's market was bare of Interesting
features. Exporter* were reported as grxd
buyers of eontraets, they tielng nnshle to
procure spot cotton, lint the trading for the
meet pert was attributed to the scalping
element However, n notable Improvement
has oecnrred'ln the market's undertone, for
ns long ns unfavorable rrop reports are re-
reived and the weather remain* wet and
unfavorable for picking It doe* not appear
probable that any marked decline wilt oc
cur. Imt on the other hand an advancing 1
tewleney Is looked for.
CHICAGO CAR LOT8.
Wheat..
Porn.. ..
Oats.. ..
Hogs..
PRIMARY MOVEMENT.
The following .gores give tbs primary
movement of wheat and corn:
Wheat—Iteeelpts today 1.162,000 bushels,
labels last year.
todsy 448,000 bushels, against 611,500 bushels
last year.
WEEKLY WEATHER
AND CROP REPORT
Alabama—^The weather wts partly cloudy
with frequent scattered showers and near
ly normal temneraturea. Ralna were locally
excessive on the6th and 6th and cntiaed tome
damage in the northeastern part of the
state. The weather was warmest on the
4tli and coolest during the latter part of
the week.
Arkansas—The mean temperature „„„
about normal. Tho precipitation was above
the normal In northern countlos and below
In moat aouthern counties. Ilaln la needed
in some southern counties nnd clear, sun
shiny weather la needed In moat northern
counties.
Georgia—Tl\e mean temperature was from
2 to 4 degrees above the normal. The pre
cipitation waa generally light and unevenly
distributed, none occurring In portions of
some eastern counties. Heavy rain occur
red in weatern counties on the 6th aid 6th.
Louisians—Light, scattered showers oc-
™rred every day and In a few localltlca
the rainfall was heavy and generally below
si.?** t l»P« r «tttrs waa above
VE 11 ! *, nd the aunahlne about ths normal.
moch c,oud ) r « n ‘ 1
sultry weather. The temperature waa uni
form, averaging from 2 to 8 degrees above
the normal. Showers were frequent, but
■— •■oevsnly. distributed, being generally
In the rent ml nnd southwestsrn
counties and light la the northeastern and
southwest conntles.
North Carolina—Henerally tbs weather
as fslr and pleasant. Thunderstorms
wore general on the 3d. Ths rslhfsll wns
shout ths normal; the mean temperature
was slightly sbovs th ennrrsl.
Oklahoma and Indian Territory—The
mean temperature was slightly shorn nor-
msl, and the precipitation was consider
ably shore the normnl. The forepart of
the week was cloudy with light to copious
-•—“-I. The latter pnrt wns clenr and
Cnrollns—Tbs mean temperature
ove the normnl. Tho precipitation
was below the normnl except In the ex-
treme northwestern portion. Thsre was
ample sunshine. Easterly winds prevailed.
Texas—Showers occurred dally, being
most numerous dnting ths forepart of the
week. The rainfall was excessive, except
In the southwestern extreme counties,
wbsre It was below ths normal. Ths mean
temperature was normal or slightly above
normal In northern and eastern counties
and below normal In the southwestern
conntles. Tbs wst weather has caused
damage In soma counties.
Tennessee—^The week was warm and
showery with the mesa temperature shout
( degrees shore the normal. The rain was
very rsrlsble, being heaviest In tbs middle
and western counties, where It was locally
excessive.
TIPS FLASHED
From Wall Street
Prlvote Wire to Glbert Sc Clay.
New York, Sept. 11.—Daniel Odell & Co.
Would buy stocks on weakness. When the
money Mtuntloii |M‘nunu».s thoroughly dear
we may aee further advance, but until then
we expect a trading market.
Marshall, Spader Sc Co.: Unless today’s
market departa radically from n couserv
tlve forecast It ahould show strength In
noarly all directions. The advance In Cop
per metal and the action of these shores
recently suggests a strong speculative move
ment having for Its basil the possible in
crease in dividend. The coalers appear .un
der much the lame influence, and local
traettau atocka promise activity.
Talk of 7 per cent Atchison and atrong
market may carry It higher. Prefer Erie,
Beading, New York Central nnd Copper.
The New York Financial Bureau saya: De
velopments over night do not Indicate any
change from the policy of specialty Im
provement which appears to be driving un
new lenders snd turning from tho old
horses. We would maintain n neutral posi
tion snd carefully watch efforts we saw yes-
terday to let out n little stork on the good
news In Issues which have been bulled by
the large Interests vigorously and which’
mnst hare long accounts of considerable
proportions. This general policy, conserve
lively pursued will, we believe, give vory
S ood results. The point to remember la
hat the fundamentals nre simply Irresisti
ble aa regards higher'prices ns soon
rl money situation surely right*
presentiment holds of gold Imports
are preventives—they nro nothing more.
They prevent a stringency, but we do uot
believe they provide us with funds at a
rate reasonable enough to carry on a broad
bull market. They mny come Inter on. We
can see no reason for n real bear market,
but we could understand n raid on the pres
ent list. The glgnntlc harvest nnd the enor
mous corn crop promlsesd mean thnt scion-
‘ rmlng will procludo nny bad years
j we have experienced In the past.
tie cautions for the present and do not neg-
eet 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 Sc Leland.
New York, Hept. 11.—London shows small
advances In Americans, but the general
market Is heavy on expectation of a rise in
the hank rate.
More gold will be Imported. Think, how-
ever, that money will hold rather stiffly for
some days... ,
Bullish talk Is as prevalent as over, but
na regards the high priced atocka. believe
some caution should be exercised, and
would only buy then on ahnrn breaks.
It Is n question as to wbeter Atchison
will go on a 6 per cent basil or not, nnd
under the circumstances the stock looks
above 110.
.. Is not positive ns to whether Steel will
show nny Improvement, and while senti
ment Is bullish on ell steel groups, would
think It advisable to accept profits on ad-
STOCK MARKET
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. 4-,
Fuel, Republic Steel and Distillers.
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 Thnra-
London expects further gold engagements
for New York today.
Itcpuhllcnna win In Maine, but with much
reduced plurality.
Martial law proclaimed over large part of
Cuba nnd nmnesty proclamation withdrawn.
General advance In prlco of steel ex
pected In near future.
Car aho~*
threatens
ever
Thirty-nine roads for the fourth week In
id!
New York, Sept. ll.—The stock market to
day displayed n reactionary tendency nl-
uiost from the start. The trading was of
an eminently professional character, and, as
the professionals were benrlsh, the prices
reflected their operations. The attitude of
the bull lenders cnntlnueil to be ft passive
one. Their recognition of the undesirability
nt boosting stocks ;it the moment gave the
room speculators enough encouragement for
selling stocks. The government crop report
wns received nn n mntfer of course, and dis
regarded by the traders. Similarly addi
tional engagements of gold In London did
not stimulate the market In the slightest
dnrlng tho forenoon: Coll money loaned at
6©8 per cent, with renewals nt 6 per cent,
but many rumors of calling of loans be
tween rertaln banks.
New York, Sept. 11.—The stock mar
ket opened Irregular. Brooklyn Rapid
Transit waa 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 tho sentiment Is bearish
there were ninny more or less depressing
rumors, one of them being n serious Idtch
In the Great Northern-United States Kteel-
Ore deal. The Western contingent was ac
tive on the selling side, nnd though from
time to time there were slight rallies tho
trend wns downward.
After n demonstration of strength in the
early dealings the ninrket became wenk.
nnd prices for the grenter part of the first
hour moved downward. Thpre was soma
disturbing gossip n!»out nnother hitch
tho orp deni thnt accompanied the drop
1 *r♦ ■;«1 N"i’Mi*’in and th*- S'ccl stock
trading element on the ore rumor g<
turned to tho hear
parent lack of stij
about 20,000 shares.
Governments unchanged,
regular.
Other bonds lr-
COTTON SEED OIL MARKET.
against gold Imports.
Government crop report
of corn 90.2, against 68 las
far
shows condition
last month and 81
Indicated crop 2,-
790.000 bushels.
Indicated total wheat crop W,CU.CM bn%h
els. Twelve Industrials advance .05.
Twenty active railroads advanced .04,
LIVERPOOL GRAIN MARKET.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOH STOCKS BONDS GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
NORTHWE8T CARa
The following figures give the northwest
care today, last week and lnit year:^ ^
Todsy. Week. Year
Minneapolis. ...... 107 239 443
Duluth. . ....... 475 21 267
New York. Sept. 1L—The market for cot
ton Beed oil was very nulat but ategd/.
There waa Rome buying f»r October and .No
vember, but the disposition to wait for tho
government report on cotton Influenced
operations considerably. The fact that tho
South In not offering new oil freely had
quite a little Influence on sentiment, but
on the other hnnd n largo crop of cotton. In
excess of 12.000,000 bales, would mean n big
crop of seed. Oil stocks, however, nre so
low that the entire consumption for th«»
year will hnvo to be out of new oil. Tbo
market nt the eloso wns quiet, with prices
unchanged to l-4c lower. Sales for the day
aggregated 1.800 barrels. October 600 at
34 1 *: November r»no nt r.lc; Iirct-mber ion nt
30*Jr. and January 700 nt 30*4c.—Ware Ac
Leland.
Opening, rinsing.
September. ...
October
November. . . .
December. . . .
January. . .' .
March
Mar
closed steady.
30*.
GATES PARTY SELLING
New York. Sept. 11.—It wan reported
today that the Gates party waa selling-
This party has turned on the market, If
such rumors la true, for they were
bulllah thla morning, advising the pur
chase of Union Pacific, Erie, Reading,
Brooklyn Rapid Transit, Steels, Fuel
and Distilleries. It la reported this
afternoon that a large amount of com
mission house tradera 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
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital 3250,000
REFERENCE. THE NEAL. DANK
PHONE I4IT. PRUDENTIAL BLDG
COTTONVcRAm, ^ROVISIO^StOCKS? BONDS,
ft*. 2 Will St., SelertJMUH»9, Athnfi, G».
for fsrft Coffee fidiigr. Chicago Board ot Date.
Maw Orltant Cotton iathango. Chicago Stock Eachango.
Ihtrpool Cottoo Aaioclatloo. New York Collet Etchango.
Private Wires to Mew York, Mow Orltoot, Chicago. 0. C COTHKAN, Manager.
toll Phono 120. .Standard Phm
HUBBARD BROS & CO., meSnts
Atlanta Offices. 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
elation, Chicago Board of Trade, New York Cof*
fee Exchange, New York Produce Exchange.
Buslnes* solicited forthc above exchanges.
Direct wire service. Correspondence invited.
Phones 454, Long Distance 39. A.S. Huatace. Mgr.
' ATLANTA NATIONAL BANK "
ATLANTA, GA.
C. E. CURRIER, Preald.nt, A. E. THORNTON, Vloe-Pre.ldent,
H. T. INMAN, Vlc-Presldent. QEO. R. DONOVAN, Caahlar.
JAMES S. FLOYD, Ant Cashier.
Capital $500,000.00,
Surplus and Undivided Profits $500,000,00
We Solicit Your Patronage.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
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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.
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you to call and inspect them.
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