Newspaper Page Text
.
THE ATLANTA
GEORGIAN.
(esday. snrTEJinEn 1:. non.
11
IT THE OPENING
Undertone Steady on Cover
ing Induced by Heavy
Rains in Oklahoma.
CABLES UNFAVORABLE
Buying Later Was of Good
Character and Prices
Were Worked Up.
York. So*. 1&—Bualnoea at the open-
i.i of tho local cotton nmrket tbla morning
25. ictiro The undertone was ateadr^on
S-’rlos Induced by heavy rains In Okln-
d.. Otherwtae, however, the weather
Silmn 111 the South were favorable. The
nillnga of sentiment were rather bear-
I",„d some of the larger abort lines were
Snsesed.
Ttie Now York cotton market opened a to
4 point* lower, December showing the de-
Jllneof 2 points. In the first hour that op-
Mm sold off to 9.11. n decline of 5 points
front yesterday's close, which represented
Se low price during the morning. At 11
ivtoek It was qnoteil at 9.U. oven with tho
precious close. January opened * points
LL-r i9 21i, nold down to 8.10,. nnd nt 11
i-ciork wa* unchanged •• compared with
rMtarilnr close at 9.24.
J lteDort’s of deterioration In Oklahoma are
being received this morning.
Liverpool wns lower than expected and
wax the depressing Influence at the open-
Comparative Receipt* at All U. 3. Porta
Receipts nt the porta today 19,917
Same day Inst year 24,226
Decrease • •"'**'
Receipts for four daya..
Same days Inst year
4.309
89,982
143.067
Decrease
Receipts since September 1..
Ban if time last year....
Decrease
Semi-Weekly Movement.
1906.
Receipts 63,996
Shipments
43,973. 61,892
Stocks 89,604 68,782
comparison last year.
Estimated Recelpta Tomorrow.
1906. 1906.
.New Orleans 2.000 to 2.600 2,368
Galveston 8,000 to 9,000 12,176
Honston 9,600 to 10,600 10,624
At the close, September, on good de
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbert A Clny.
New York, Sept I2.-Llvorpo
. of ?*f«loratlnn In Te.o. and
Oklahoma are being received tbla morning,
‘.fi" l;f < ;l‘. r » continue to .ell cotton
think it represents short sale.
The Journal of Commerce savs: ‘‘Bur*
S™ disposed to go slowly for the
day, and this was welcomed in many
houses where it was impossible to figure
out where goods are coming from to sup
ply the needs of customers who have al-
ready purchnaed nearly a full .apply.
There was less disposition shown to push
good, for delivery this year on tho part
of sellers, nnd there appeared to he n
prices #>° D . tone expressed regarding
New Orleans, Sept. 12.—Liverpool 1%©2%
down is poor. \\ns due to suow an ad
vance of 1©2’ points.
western forecast Indicates showers nnd
cloudy weather with lower temperatures
generally both tonight and Thursday.
Today s map, while not altogether unfa-
rprahle, ns far ns the belt Is concerned,
nevertheless shows the presence of a cold
wave west of the Rookies, part, If not all,
of which, according to the western fore
cast, should reach tho cotton belt tomor
row.
Liverpool cables: ’“Spinners engaged three
months ahead, but mostly hedged by fu
tures. Manufacturers are short, but are
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-flvo
years' experience of ed
iting markets In Atlanta
nnd the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Brokers, who usually trade for the leadlm
New York bear have been steady buyers nl
morning.
Galveston wires: “Morning papers full of
deterioration reports of damnge by rain,
weevil find wnrm« "
weevil and worms.'
Heavy rains are reported today In north
Texas and the territory. Market. Is improv
ing slightly in consequence.
The eastern forecast indl
The eastern forecast indicates generally
fair weather throughout tonight with prob
able scattered showers and thunder storms
tomorrow.
Exporters have been good buyers In this
market. Tho volume or business, however,
Is very small, hut the market’s undertone
Is much Improved and aentlroent leans more
favorably toward higher prices.
A dispatch from \ oakum, DeWltt county,
Texas, says: “Cotton has been coming In
and being marketed as rapidly ns gathered.
But few are holding their cotton."
Private Wire to Ware & Leland.
New York, Sept. 12.—Liverpool opened
ulet 1@2 down. At 1205 p. ni., _l%$f2%
lown nnd quiet; sales 7,000 spots. 3 down,
«. r Fiitures dtie to come np.
lower.
Cotton steady on some local shorts cov
erlng.
in spinners’
hands in continental Europe are not ns
large ns has l>eeii expected. The trade up
have been apparently willing to accept in
be more conservatism In face of the re-
SPOT COTTON MARKET.
nl III |M lvf-H VIISlITi IUIUUIII1K UpidUUB
Mid; sales 7,000; American 6,100; specula
tion nnd export 500; recelpta 2,000; Ameri
can 1.600.
Atlanta, steady nt 8%c, new.
Annum, ouiiiiy in 07»v, how,
.New York, quiet at 9.80e.
New Orleans, steady at 9%c.
ih, quiet at 9e.
quiet nt
Houston, steady at 9 5-16c.
Memphis, quiet at 9%c.
Galveston, Arm at 95>16c.
Norfolk, quiet nt 9%c.
Mobile, steady at 9c.
t'hnrleston, quiet at fc.
Wilmington, nominal.
TODAY’S PORT RECEIPT8.
The following table shows receipts nt the
imrts today, compared with- the same day
\>w Orleans.
Mobile
BsvHiitinh. . .
'hnriestoti. ,•
Wilmington. .
•rfolk.
Total
8418
1720
1964
1696
INTERIOR MOVEMENT.
The following table shows receipts nt the
Interior towns today, compared with the
same day last year:
Memphis. .
8f. Lmls.
Owlnnntl.
12640
8349
2508
102
WEATHER IN COtTON BELT.
. T , f * ft "-sherman clondy and cool. Tyler
•jj'l liaijns cloudy and pleasant. Temple
P«tly oioudv ana pleasant. Fort Worth
22 r nn 0 pleasant. Belton nnd Houston
rlwir and hot.
,. . TEXAS RAINFALL.
bnlveaton 48
Henrietta 32
teT!-: '
kk-rmnn .. jo
»*ni|»l. 52
1 ,M ,, ;l>* 1 i P|il—N.t’cb.1,'' Jackson, vickabnr,
Holly Springs clear anil pleasant. Ya-
5" nif vicar and warm. Hattlctburir
flornlj 01 „1 picaaapt. Merl.llan clear and
'Hi Albany partly clon/Iy unit hot.
iwlntii partly cloudy and pltaaant. Tupelo
H* *ni«ry partly cloudy and warm.
S^w-wd. llaalebum. and Urookhaven
"fr "nil hot.
nAm "'"-Blrmlncham. Montgomery and
W'llkn ,-ienr and warm. Selma and Mo-
clenr and hot. 1
"'Mitm and Savannah clenr and
IS™- Amcrlctia partly cloudy and cool.
!™, nr vicar and hot. Colnmtraa partly
ttr’anTwaral* Dl * W - Atl ‘ n,a p * r, ' r
WEATHER in wheat belt.
Jfjstrcmc ...Inu
Cjjtally lower
.Northwest—Partly cloudy, with
ihoTe " - ' ofw temperature; 24 to 44
Xorihwf.t-Ciondy and cooler; « to 82
u'« . 2 " n ’.‘ rn ' rnlna.
t Southwest—Generally .clondy
■ n .i r*" 1 wumwni-ueuerniiy cwuw
\S\cX*V 6 ; Ut 74 above; general ralna
5 lt \ wh Kanina; local ralna
‘R .MlMouri nn.l Till.*im
mill weather conditions and Insects, so wo
have reached n turning point where tho
bears, of which there aro not so many,
have got to prove their bearish claims. In
stead of the bulls hnvlng to prove up their
realised.'
New Orleans, Sopt. 12.—Cables were un
favorable. Futures are down, Instead of
up. ns due. and spots are small.
Hero, of Lehman, Sterii Sc CtJ,. AvhO
millions. Is showing the following table:
....11,200,000
7 per cent acreage Increase.. 800,001
Crop, If condition same ns last
year..- .12,000,000
Add 7 per cent better condition.... 800,000
Indicated by bureau .12,800,000
‘ Be
ViSble* supply, September 1........ '900,000
Spinners’ stocks.. .. .. .; .... .. 1,200,001
,.14,900,000
Total supply
The net stock of cotton In Now Or-
The amount of cotton on shipboard Is
M10 bales, against 6,176 last year.
WARE & LF.LAND’S
DAILY COTTON LETTER.
New York. Sept. 12.—Following the recent
ndrnnce. there wns another setback on
profit-taking and abort selling during the
rnrlv trading In cotton this morning, but
later on short covering and buying by pro
fessionals In an effort to bring out some
thing of n rally carried the market back Ip
thing
wlthli. _ - -
level. On this ...
ed to be for sale, and for some reason or
other there was not the outside buying
necessary to encourage operators with the
stability of values that they wore willing
to enlist on the long side to an extent
that would absorb cotton for *aal» and
carry on tho rise. Around 9.20 for De
cember there wns n Inrge quantity for
sale, nnd while there was nn evident do
sire' to buy nn any decline, this did no
be rioted
does not send
lu the buying orders that would support
extensive crop deterioration. Report* from
many sections of the cotton Iwslt Indicate
can be engendered To bring
a limit a bull market until after the greater
Trent age of the crop has been marketed.
Kir this reason, we look for a trading
market without very much change In value,
for a time. oV, nt least, until after frost
danger Is over.
THE 8UGAR MARKET.
New York. Sept. 12.-The Federal Sugar
Refining Company advanced Its list price*
for prompt shipments 6 points to 4.»5 net,
less 4 per rent for ensn. All other re
fineries are attll quoting 4,80.
Local raw sugar market steady and
changed. London lieet mnrket firm,
tember 9s 10%d.
NAME OF STOCK.
Amalgamated Copper
Atlantic Coast Line. .. . . .
American Sugar Ref.
Anaconda
American Locomotive..
', do, preferred. . . .
Amer. Smelting Ref. .
. do, preferred. . . .
Atchison
. do. preferred. . . .
American Cotton Oil. .
Amer. Car Foundry. ..
Baltimore & Ohio. . ..
Brooklyn Rapid Tran..
Canadian Facific. . . .
Chic. Sc Northwestern..
Chesapeake Sc Ohio. . .
Colorado Fuel & Iron..
Ceutral Leather
do# preferred. . . .
ewe:, ui?. r 4R, w i’ t ' n :
Erie.
Electric.*.*. .
Illinois Central. ....
Amer. Ice Secnrltlee. ..
Louisville Sc NasbvlUe..
Mexican Central.....
Missouri Pacific. . . ..
NAME OF STOCK.
N. Y., Ont. Sc Western.
National Lead
Northern Pacific. . . .
New York Central. . . -
Norfolk Sc Western. • # -
Pennsylvania. ......
People’s Gas,
Preased Steel Car.
do. preferred. .
Pacific Mi
Ileadini
Reading
Republic Steel. . . • •
Rock Island
do. preferred. . . *
United States Rubber.
do. preferred. . . •
Southern Pacific. . . .
Southern Railway. . .
do. preferred. ...
Sloss-She (field.
Texas fc Pe___
Union Pacific. . . . ,
United Htatea Steel.
do. preferred. . ,
Va.-Car. Chemical. ,
do. preferred.
Western Union.
Wabash
do. preferred.
‘fotiil Block, ml., today 1.M8.400 ih«r.«.
u
m
NEW YORK.
The following Is the range in cotton fn-
tures in New York today:
Sept. . ,
Oct. . .
Nov. ’. .
Dec. . .
Jan. . .
Feb. . .
March.
IU
Closed
mra
8.89-91
9.00-02
9.13-14
9.20-21
9.26-28
9:36-36
9.46-48
lOSTTi
8.90-91
9.02-03
9.16-17
9.24-25
9.3042
9.39-40
9.60-51
LIVERPOOL.
September.
close, compared wL„
Futures opened quiet and steady.
Opening Previous
Range. Close. Close.
..5.17**5.15*4 6.16 6.18
.6.04 -6.08 6.03 6.06V4
..4.98 4.99 4.99V5
.4.98 -4.97H 4-98V4 4.99
.4.99 4.98 4.99 6.00
.,4.99 -4.99*4 6.00 5.01
#v6.02 5.02 6.03
..6.04H-5.03 6.04Mi 5.06H
6.06 6.07
.6.07^-5.06 6.07H 6.09
Oct.-Nov. •
Nov.-Dec. .
Dec.-Jan. .
Jon.-Feb. .
Feb.-March.
Mareh-Aprll.
dny-June.
Closed barely steady.
NEW ORLEANS.
The following la the range In cotton fu*
urea in New Orleans today:
SeptTTTT.
Oct
Nov
Dec
i nn. .
’eb. .
March.
Ila;
closed sti
steady,
a
Tar
9.12-13
9.14-16
9.17-18
0.25-26
9.31-33
9.3849
9.52-64
NOTES ON GRAIN
Pointer# on Prorlslong.
Private Wire to Wore Sc Leland.
i*—The wheat market at
rdft y. •bowed a heavy un
dertone, nnd there is nothing In sight this
morning to strengthen the situation.
\v»L. r # or . n an . d on** on amnll dips.
.n'J’XLi* wlth "*'*I trade. It
crStt’
of eonsequcuce.
Chlcji* 0 Uccord. Heralrl: Dlacmiraglnf
condition, were reported laet uhrht lir denl-
ere In caeh wheat either for rnlUlnir. ehlp-
n uir or export. For the flret time In the
history of the grain trade out of Galveston,
all of the warehouses there were blocked
veaterdny, the Roseulmum warehouse being
blocked an completely as those of the Son-
tft Fe system. a
On account of tho dull demand, inere
was no aggressive bidding to the country
- wheat, some of the grain men
predicting that Duluth cargoes would ulti
mately bo brought to Chicago if the current
movement continued from the Interior.
Export sales of Durum wheat for the
crop year to date are estimated by corape-
tentatithorltleai at between 3,000,0w nnd 4,-
000,000 bushels.
Ftarfce continues to buy li few oats In
the United States. Few stipulations aro
made ns to quality and weight. The oats
crop of France lx quite short. There Is
also n shortage, ns compared with Inst
yoar, of 20,000,000 bushel* In the oats crop
of Germany. Tho oats crop of Sweden
nnd northern Russia are qfaimed to he a
practical failure. Northern Elevator Com*
TRADING ON CURB
WEAK FOR WHEAT
Bulls Not Frightened Gov-
eminent’s Figures on
Spring Wheat.
Chicago, 8ept. 12.—The grain list was
quite strong with coarse cereals in the lead
ns price makers. Closing prices showed
wheat unchanged to better. Corn
ttGttc better; oats were up WHfcc and pro
visions were np 6015c.
The oats situation overbalanced all else
In the markets, and carried wheat and corn
with It. The world’s available supply show
ed Increoso of 3,876,000 buehels wheat, 988,-
000 bushels corn and 560,000 bushcla oats for
the week. A Broombali, Odessa, cable
800,000 bushels, and that the reefclpts thei
oats in splendid coudltlon.
Valentine wns an oi>en buyer of December
nnd May wheat on the advance, and It is
claimed he wns nn equally free seller near
the close. Tho group of northwest houses
followed nbout some tactics early and late.
jent on this side; Continental IW
were reported He lower, by New York,
louses, nnd the domestic demand very
hutted. Liverpool ramie no respond to
the somewhat bullish erop flgnres on the
•ring crop. The senljoard reports only
tree boat loads export-business.
No. 2 hard for
sh brokers
r __ ally good demand _
chicken feed stock; dealers competing with
millers and elovntors for the offerings.
Cash corn was %©Hc higher, with sales
of 80,000 bushels.
Oats were Vk01c higher, with sales of 100,
000 bushels.
At the seaboard, sales of wheat 24,000,
corn 8,000 and oats 80.000.
Friendly to wheat, corn and oats, sent!
ment not nesrly so bearish; packer* sup
porting provisions. September and Octo-
Ler are good consumptive months, nnd
prlco likely to be held up to Insure good
cash prices.
WEATHER FORECA8T.
orgia, Louisiana, Mississippi East
r iuildn and West Florida and Alabama-
Showers Wednesday and Thursday; light
,0 Eost *Texn*-Beattered showers Wednes
day and Thursday; light to fresh south'
e "we.T l Tein»-Falr Wednwffay «n<l Thun.
it; cooler In north portion WKlnewIaj.
Arkau»n»—Hhowrr* and thund.ratonna
YVcdnomlar and Thun«lnT.
llllnol*—Shower, tonight and Thuradnff,
Ionian..—.-rtlff cloudy tonight; abowerm
and cooler lu northwest ami central por-
7. * . _a ... ixvyIap Thtirannv.
tlona: ahowera nnd cooler Thuradny.
11 YVIaconaln—Shower, nnd cooler tonight,
Thurwlay loir In weat; ahowera and cooler
’ # Mlnnenntn—Fair In w«t. ahowera Mat to-
night.. cooler Thursday and fair.
Iowa—Showers and cooler tonight and to
GIBERT & CLAY
. ALABAMA ftT.
COT • Um,
COFFEE* PROVISIONS
members
ATLANTA. OA.
[Chicago Board of Trade.
,|LU>C>H U u ua . * *"'**'■ ,
r. Urerpool Cotton Aaaoclatlon
i.lUaly.aton Cotton Kxchangfc
u '*l and Lona DliUnoi Tol'.pHona"52981' ElCl1 * FAGAN, Mana a «r.
LONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
GIBERT * CLAY'8
DAILY COTTON LETTER
New Orlmna. Kept. It-Wrerpool waa
allghtlr dlaappolnllng on the onentnf. proh-
ably ilno to longa coy.rlng In a narrow
market, although foreign new. la extremely
scarce. One prominent Liverpool house co
ble* that spinners wers engaged well ahead
but were protected- hr rnntracts. Options
In the net reaulta Inal ahout I point,
while apot tramoictlona were 1 rolnta low
■ to 7,000 Iwlea. I>et«rlo,
SLSt aiid buying has progressed stead
ily today In the local mnrket, part of It
attributed to the prominent bear leader ami
■ progressed stead-
part to exporter*, who unwilling to meet
the full prices asked by spot holders, find
It more expedient to purchase contracts.
Today’s map Is not in Itself unfavorable,
wo... The wealern belt
too rnnch rain, and picking In that por*
tlon of the cotton iliatrtct haa town ma
terially Interfered with. Nnmeroua com-
plnlnta of damage to open Imlta have re-
anlted. and the rnyagea of cotton deatroy-
Inc Inject, aa yet ahow no algna of alnt-
Ing. Altogether dlapatchea nra far leaa
euconraglng, an,I only the weight of freely
moving new cotton, with clear dry weather,
can remore or leaaen the change la public
aentlineut.
COTTON 8EED OIL MARKET.
New York. Kept. ll-The market for cot-
ton aewl oil waa active and atrong for all
■lellrertea. September advanced to Me, Oc
tober to Me, and there waa liberal trading
In January. There wa, good baying l>y
refining Intereafa. and It waa Intimated
that compter.hie of the demand waa hny-
Ing agalnat eipiirt trade. In conneetton with
ahlpmenta from Jlaraelliea. Hoot wa. yen'
Arm and nold at Mt4c. Xotwlthatandlug the
government report on cotton, there wns
very little wiling, and report, from the
Konth were of moderate offcrlnca of aeed
and Borne report, of unfavorable noallty
The market at the cloa- wa, atmdy, with
price. np. Kale, for the day agree,
gated 5>fl0 lairrel,: KeptemUr Vfl •• iijlc
w ■ "1 ,t Me; tb-tolier MO at Sl^c aad WJ
this week are estimated at l.GOO.UX) liuab-
els. A heavy ran of wheat la looked for In
tho northweat. Including Mlnneapolla, Du-
I.., Bn ,1 «fl
Corn clatsd
and hog products quiet.
The seaboard reported 5 loads each of
wheat and corn nnd 60,000 bushels oats.
At Chicago, 7,000 bushels of wheat, 26,000
bushels of corn and 60,000 bushels of oats.
rustic#n ui win nuu tw.uw uusucim ui mils,
1 1 ’rimary racelts^ of wheat 867,471 _bush-
000 bushels, compnred w]
— jOO bushels, respectively.
Clearances 382,000 hnshels wheat, 236,000
bushels corn and 250,000 bushels oats.
CHICAGO GRAIN MARKET.
for today
•I in Open.
WHEAT-
fc: ft
76
COBN-
P
69%
72
76%
*s
El & 1 1 1
OATS—
^1 III!
Sept.. 18.67V4
MI
Jan.... 7.67%
SIDES—
Sept... 8.70
(let.... 8.46
m
7.70
S:?5
7.87H
No W -
No. 2 hard winter - ;
sis lift is*
CHICAGO CAR LOT8.
Wheat..
Corn.. ..
Oats.. ..
Hogs.. .
PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat and corn today:
Wheat—Receipts 867,000 bushela, against
018.000 bushels last year: shipments today
6.000 bushels, against 800,000 bushels last
Corn—Receipts 1.094,000 bushels, against
963.000 bushels Inst year; shipments today
454.000 bushels, ngsliAt 838,000 bushels last
year.
LIVERPOOL GRAIN MARKET.
Wheat—Open unchanged; at 1:30 p. m.,
%e lower; closed %c lower.
Corn—Opened unchanged; at 1:30 p. ro.,
%c lower; closed unchanged.
CROP QUESTION
STILL UNCERTAIN
New York, Sept. 12.—The Sun says: The
wind-up of the market waa at a small de
cline. The drift of prices for a time was
upward, though things even then were not
altogether to a bull’s liking. But the Liver
pool market was higher, the spot sales
there Increased to something like their old-
time volume, there wns pretty good buying
here in the early business, and the weekly
_ concerned, waa not quite so colorless na
usual. Bulla Insist, too, that Monday’s re-
* ’overnment on the condition
port by the got — —
of the erop la to be regarded ns a distinctly
* *•!
bullish document and kept in mind ns auch,
Theodore Price, however, did not seem to
regard it in that light, if it is true that ho
sold December very heavily, nnd it wns the
general understanding that he did. Not
only that, but some were so bold as to any
that he had become a bear for a turn.
Europe nnd the Bouth sold. Room traders
cheorfui and promising character, so far aa
anything could be made of It And, though
nn early decline was recovered and a small
advance was established for a time, the ul
timate direction of prices waa downward.
The net decline for the day, however, wa*
very small. It is likely to 6e a narrow pro
fessional market for a time. More light is
wanted on the crop question.—Glbert
Clay.
natlng, the speculative cotton mark
_iay i .. „ __
the event bullish ambition laps when the
-- - :h the msxl<
_ be heard from
before then. In fact he haa already shown
part of nls hand, nnd n firmer tone In the
actual cotton market has followed. Splnl
Iners are spinning cotton faatar than they
are buying it. Hence the argument that the
inning of old commitments rather thnn news
Is responsible-for tho Increasing spot troul
hies of the exporter loses much of its bear
ish
ti aspect. Surface students of the staple
persistently Ignore the new era Influences
that challenge the speculator's every more
by making manipulation more difficult
through the development of Individual and
orce anr
least.-’
Ware Sc Leland.
$2,000,000 GOLD ENGAGED.
New York, Bept. 12.—Hetdclhnck, Ichel
helroer Sc Co. announce that they have eu
gaged 82,000,000 gold In London for Import.
NORTHWEST CAR8.
The following figures give the northwest
cars of today, last week and laat^year^ ^
Today. Week. Year.
Minneapolis 272 97 666
Duluth. 206 242 132
SOUTHERN EXCHANGE
Oldeat Established Offlco South.
conos STOCKS BONDS GRAIN
Ground Floor Oould Building. Dally
market letter and markat manual
mailed on application.
L J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE. THE NEAL DANK
PHONE MIT. PRUDENTIAL BLOG
and 509
•; poremilW «» it **?.. ■ngcvm.iwr
... 30H*\ 100 St 39%C and 200 at Me;
January 600 at *>%c and 800 at 31c and May
100 at 82c anil 100 at 22%c.—Ware k Inland.
Opening. Ctoelnr
Hepletnber* . . .... . J7 r
VtL New Orient.
COTTON^GRAm, ^ROVISIO^StOCKS^BONDS,
Mo. 2 Wall St., Peters Batiding, Atlanlt, 6a.
UtUBlRS:
for fart Caffs* tachaaqe.
It* Orleans Colton Ischange. ,—...
Lhereec! Colton Association. Mew York Coffee hchango.
Prlsate Wires to Mew York, Maw Orleans, Chicago. B. C COTHMAM, Mauser.
— — Standard Phono 2
Chicago Board ot Trado.
Bell Phone 120.
TIPS FLASHED
From Wall Street
Private Wire to Glbert & Clay.
Now York, Bept. 12.—It Is needless to say
the attitude of large Interests must con
tinue to he friendly'to the security list,
and recent reductions in dividends of mi
nor industrials should not he taken nt more
than their real Importance. The Loudon
market evidences further selling, nnd our
market may reflect this influence during the
early trading.
London cables: “Reliable information Is
that the Bank of France has arranged with
the Bnnk of England to supply gold to
America.”
New York market looks lower temporarily.
Big operators sold stocks yesterday.
The New York Financial Bureau any*: De
velopment* over flight Indicate the advlsa-
hlllty of maintaining the neutral position
still. Dally operators ought to consider the
wisdom of lightening their loads. Purchases
on any breaks are strongly recommended,
nnd specialties will be put up, according to
our news. Profit-taking on the money new*
shows thHt the large Interests do not ex
pect “distributive ense’’ for some time. But
the enormous prosperity and the strongly
bullish fuudnraeutals Increasing prohibit s
l»ear market, and we anticipate higher
prh-cs later on. In the interim the possi
bilities are uncertain for the dally operator
who will do well to he extremely conserva
tive, and would not Ignore moderate re
turns. There la n great den! of manipulation
going on. nnd the professionalism hereto
fore dominant Is assuming the ascendancy,
so that quick changes are not unlikely.
Private Wire to Ware Sc Lelnnd.
New York, Sept. 12.—London heavy and
lower. It Is fully expected that the bank
rate will be raised tomorrow.
The sending ef United States warships to
Havana brings the Cuban question Into
prominence and Is a bearish factor. Look
for further liquidation, and while rallies
may appear, think they should be taken
advantage of to sell on.
A few specialties may be brought to the
front, hut the mnrket displays henrluess
and certainly would only buy them on
«wrp breaks and for turns ouly.
Dow-Jonos’ summary; American stocks In
London heavy, % to % lielow parity.
.First car through Pennsylvania North
river tunnel today, a year ahead of time.
Cuban disturbances continue.
Steel rail mills now making shipments
•t rate of 300,000 tons a month.
Directors of Rubber Goods soy no possi
bility of dividend on common stock this
year.
Some demand for stocks In loan crowd.
London settlement proceeding satlsfactor-
By.
Chances are strong that Bank of England
will ndvnnce Ita rate tomorrow.
Seventy-two roads for July show an arer-
■ge net Increase of 17.75 per cent
Nine roads for the flrst week In Septem
ber ahow ou average gross increase of 16.25
per cent.
of n,ne principal crops of the
united States nt price of December options,
r&7 n »000° U Kovernment cro P report. Is
"Gold engagements against deposits and
already In transit totnl 120,000.000.
Further gold engagement expected today.
Southern Railway earnings first week ol
September Increased 870,022.
Twelre Industrials declined 1.02 psr cent
Twenty active railroads declined .1
cent
TONE WAS WEAK
Turned Strong Immediately
and Many Material
Gains Made.
IN LEADING ISSUES
No News of Definite Charac
ter, But Stories Deals
Were Revived.
.22 per
CROP CONDITIONS
ARE IMPROVING
Special to The (leorglnn.
Newberry, S. C., Sept. U.—The ex'
ceeelVe rains during August played
havoc with the cotton and com In this
section, much of the fleecy staple rot
ting and sprouting in the holla. Since
the sun has been shining during the
post ten daya, however, the crop con
ditions eeem to be greatly Improved.
It Is the general opinion that a larger
and better crop will bo made than at
flrst predicted.
New York, Sept. U.—London sent over a
lower rangu of prices nml unld ntc-k.
here at the opening. General expectation,
were that the Bank of Knglnnd would
increase Its discount rate; tomorrow. Tak
ing It. cue from London, the mnrket to
ny opened lower. There was h feeble
■ •.By, ami the reaction wa. resumed. Bond
ing being one of the conspicuously heavy
stock.. For the first Mae In erterid dura
there wa. on the wny down wlmt 1» mninflv
railed good buying, nnd after the first hour
the general Hat rallied. There wns nn at
tempt to hid np prlees, and while there
was buying of certain stocks by the same
Interests that were active In the recent
advance, the principal support came from
the reontremants of the room short Inter,
eat. All money waa freely offered nt tho .
legal .rate. In the gold Importing situa
tion, the most Interesting news was the re. I
port that the Hank of Prance would re-
lensc gold for shipment to America In or- I
doc to reduce the drain on the Bank «f i
i-lnghuul. The hardening tendency of the ■
stuck market continued after the first hour
of trading.
After the weak opening In the stock mar
ket, trading was slow nnd liesltntlng for
some time, hut later the tone became
strong and at the end of the first hour I
many material gains were established lu ;
the leading Issues. London sold about 30.-
000 shares In the early trading. After this ,
selling was exhausted, there wns little '
supply In sight, while good having was ap
parent all over the room. There wns no
news of a definite character, hut stories of
deni announcements, were ranved and
found many believers. Commission houses
were moderate sellers on tha recovery., tfi
the first hour, nnd brokern for Inrge west
ern operators and Important bnnklug Inter,
ests were aggressive buyers.
tlovernment bonds unchanged.
Other bonds steady. f
LONDON 8TOCK MARKET.
Chic., Mil. and St Fanl....
Erie ..
Illinois Central
Louisville and Nashville..
Reading
Pennsylvania
Southern Pacific.. .. *..
Union Pacific.
(IIIIUII A UVilli' «•
Unitofl States Steel
do. preferred
106%
277% 2*0
108% 103%
176H 177
175‘-x 17V%
47%' 4#«:
173 173%
148% 150%
140 143'
140 141%
91% 91%
19)% 192%
45% 46%
l'*•,%
L. J, ANDERSON A CO.’S
DAILY COTTON LETTER.
New York,
ket opened 1
forelcn cables did not warrant this weak
ness. Aftsr the opening, there was short
tendency* Reports from the belt continue
Ito contain complaints of deterioration on
account of wet weather, boll worms, wee
vil, etc., bnt the trade la very skeptical
of damage reports from the South. They
have learned to retard them aa colored to
suit the situation. However, the weather
weather. An area of
vnlls over the Texas territory and low
temperature to around freezing is Just
atiove. Shorts aro hedualnt to be quite
nerrous over the outlook and sentiment Is
l>eeomln|r more bullish, it would ouly
cause quit
THE DRY GOODS MARKET.
New York, Sent. 12.—The dry
mar-
... —jpoftag
to proceed slowly. The restriction In pro
duction caused by the shortage- of labor
In the mills has brought about an scute
condition In many lines of goods, notably,
glnghnnis. bleached sheetings and other
common fabric.. Cotton yarns on the coars
er numbers nre steadier. The largest known
Individual sale of prints to Manila was
made tbla week, and amounted to 600
caaea.
THE COFFEE MARKET.
New York, 8ept. 12.—The coffee mnrkot
opened steady at unchanged prices to n
decline of 6 points as a result of rather
disappointing cables sud small receipts,
while the absence of any further ■dvtcea
tending to confirm the minors published
yesterday of progress In valorization »f.
fairs was also a feature disappointing to
some of yesterday’s buyers and promot
ing scattered liquidation. On the other
hand, fresh bullish news was at hand re
garding new crop prospects.—Glbert &
Clny.
Tho following table gives tho opening
range and close, compared with yesterday *
close:
Opening. Previous
Range. Close. Close.
6*804.86 fi.656.70
6.854.96 6.704»
. ..8.96 6.804.S5
7.00-7.06
7.10
.. . .7.16
.. ....7.20
7.30-7.26
January
February. .
March
April
my
June., «* .. .. .
July * ..
August, .. .... •
September.. .. ..
OetolieP. . . • .
November
December.. .. «. .
Closed steady.
6.684.70
.. ,.6.634.75
6.76
6.554.90 '
6.904.96 -
6.93-7.00 f
7.00-7.06 .
7.017 l<»
6.404.45
6.454.50
ABC6.R6
6.656.6)
THE LIVE 8T0CK MARKET.
Chicago, Sept It.—Hogs—Estimated re-
eelpts today 25,000. Market steady; hulk
$SjHOe.25; left orer 2.937; light hoes 86.iop
‘red $>'.v 1/6,68; heavy $5.35'fjfi.4<i;
.35C8.70; pig* $o.fir,fl<f.46; yorkers
; good to choice he
Cattle—Estimated receipts 29,000. M
steady to lOe lower: quality fair; 1
83.7MJ1W; cow. $1.26CHl»; heiferi
6.26: calves I6.50C8; *0od prime ste
6 ntX’ Ws:
Sheep—Receipts 22,600. Market stendy: •
inallty fair: native |%2S66.7D; western $3 2o
/5.70; yearlings 85.70476.60; lambs 34.7n^
^ ' $4. TOT* 5 •'
,16; western 34.70fyH.15.
Frank Hawkins, President. , . ^ _ ..
H. M. Atkinson, V. P. TtiomaaC. Erwin. A.at. Caabl.r,
1 • n. W. Dj.ri, A.it. c.abler.
B* n. auiuavu* vs t •
Joaepb A. McCord, CasM-r.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. Calbnnn.
Milton Darnn.
DIRECTORSi j. II. NunuftOy.
Frank Hawkins. J. Carroll Payne.
II. M. Atkinson. E. B. Bosser.
Joseph A. McCord. David Woodward.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
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