Newspaper Page Text
AT THE OPENING
Trim te Wire to Glbcrt & Clay.
n‘ m"' Sffifc tt-Llvarpoo| at 12:30
p. m., 1®2H down. Due unchanged to 1
Edited by
Joseph B. Lively
MARKETS
Mr. Wreljr*’* twenty-flve
years' experience of ed-
(tins markets in Atlanta
aud the South has made
him a recognised au
thority In his specialty.
Undertone Steady on Cover
ing Induced by Heavy
Rains in Oklahoma.
cables UNFAVORABLE
Buying Later Was of Good
Character and Prices
Were Worked Up.
v.w York, Bopt. 12.—Buatnea* at the open-
of the loeel cotton market thli morning
2f« irtlve. The undertone wne eteadr on
Jm-erlng Induced by heavy rain. In Okln-
Km. ntherwlee, however, the .weather
luvilltlons In the Houth.Were fevomble. The
- ruling! of eentlijtcnt were rather bear-
Uf nnd’eoino'of the larger abort line* were
lacrenicl
The New York cotton market opened 2 to
I Mint! lower,, DednMwr allowing the de-
June ef 2 polute. In tho flret hour thnt op-
Hon fold off to 9.11/ n ileellno of 3 pollltl
|Lm Teeterdny'i close, which represented
the low price during the morning. At ll
o'rloek It was qootadat fj*. even with the
nrerimis close. Jnnnnry opened 3 points
fewer |9.2U, sold down to 9.10. and at 11
•'dock w» unchanged ae compered with
resterilsy close at 9-24.
Beonrts of deterioration In Oklahoma are
being received thta morning.
Liverpool was lower than expected and
«■• the depressing Influence at the open
Comparative Receipts at All U. S. Porta
Receipts st the porta today 19,917
guns dny Inst year 24,226
Decrtnie 4,sw
Receipts for four ilnya 69,961
lime days last year 143,067
Reeelpt'e*slnce' September *1 .*1621726
Rtme time last year 319,910
..167,162
1904.
65,601
51.692
68,782
Decrease
Stml-Weakly Movement.
1906.
Receipts 63,906
Shipments 43,973
Stocks • 89,604
No comparison last ypnr.
Eitimated Receipt* Tomorrow.
1908. 1906.
Sew Orleans *.000 to 2.600 2,368
tiUveston 8,000 to 9,000 12.178
Houston .• 9,600 to 10,600 10,624
At tho close, September, on a good de-
8POT COTTON MARKET.
thm nml export 600; receipts 2,000; Aniert-
can 1,600.
Atlanta, steady at 884c, new.
Annum. nit at|j wv 07|L, lit; n ,
Sew York, quiet at lk80c.
Sarnnnih, quiet at :
Galveston, firm at
Norfolk, quiet at 984c.
Mobile, steady at 9c.
generally l>otb tonight aud Thursday.
-.22$?/ -“tL® 0 .* altogether unfa
vornble, na far ns the belt is concerned,
nevertheless shows the presence of a cold
wave west of the Itockles. part, If not all,
of which, according to the western fore
cast, should reach the cotton belt tomor
row.
Liverpool cables: “Spinners engaged three
months nhettd. hut mostly hedged by fu
tures. Manufacturers are short, but ore
Brokers who usually
New York bear have been steady buyers a!
morning.
Galveston wires: “Morning papers full of
deterioration reports of damage by rain,
tt'Mrlt mill trnrtna M
Texas and the territory. Market Is Improv
eastern forecast indicates
generally
./Tth prob
able scattered showers and thunder storms
tomorrow.
favorably toward higher prices.
Hut few are holding their cotton/
Private Wire to Ware ft Lelnnd.
quiet 1©2 down.
down and qnlet;
at 5.61d. Futures due to comi
Cotton In New York oj
le *01 up.
Cotton in >ew k York opened lower on p<
cables, with selling order* general.
Some local buying, but not much char
ter to market. Looks Jlke It might dr
lower.
ering.
s
r,
0
NEW YORK
** The following Is the range In cotton fu
tures In New York today:
n
1.
1
•s
3
k
5
11
I
a
Wept
d Oct
4 Nov
i, Bee. . . . .
Jan
r Feb
March. . , .
=• Mny. . . .
sM
8.87
9.03
9.14
Ef]
9.36
9.33
9.46
S.ll
M4
9.08
9.20
9.36
9.42
9.63
g.i6
Eg
s.w
9.11
-
9.46
m
3.99
9.13
9.21
9.35
KB
9.48
8.39-91
9.00-02
9.13-14
9.20-21
9.26-2S
T68^2
8.90-91
9.02-03
9.13-17
9.24-26
9.30-32
9.19-40
9.60-61
• Closed barely
steady.
Carpenter, Baggott ft Co. says: “The ex-
compared with the season ending Septera
tier 1, 1906. were quite small, and now lead
to the belief that the stocks In splnuers*
hands In continental Europe arc not as
large ns has been expected. The trade up
to recently, both professional and public,
— *-— ntly ~ — “ *"
hnve been apparently willing to accept In
lie more - conservatism In faco of the re-
both weather conditions and insects, so we
hnve reached a turning point where the
lienrs.g of which there are not so’ many,
hnvo got to prove tbalr bearish claims. In
stead of the bolls having to prove up their
K sltlon. so It looks as though we would
re higher prices, and with the natural
weather disturbances generally prevalent
trance may l
realized. 1
New Orleans. Sept. 12.—Cables were un
favorable. Futures are down. Instead of
p. ns due, and spots are small.
Hero, of Lehman, Sterd ft Ca. M9
that
crop would be twelve ana inree-ronrt
millions, Is showing the following table:
TODAY'S PORT RECEIPT8.
The following table shows receipts at the
N>w Orleans. .
(••Ireatnu. . .
Mobile
Barnnnah. . . ,
Charleston. , ,
Wilmington. . .
Norfolk
Boston
Jaekaonrllle,. .
Mbi-ellnneonn.
Total
8418
1720
1914
1696
INTERIOR MOVEMENT.
The following table shows receipts st the
Interior towns today, compared with the
*^nie dny Inst year:
Houston. . .
Augusta. . .
Memphis. , .
8t. Louis. . «
Cincinnati. .
Total.
WEATHER IN COTTON BELT.
. Taiaa Rh.rmau dourly and cool. Tylar
im Halloa cloudy and pleaaant. Temple
»rtly cloud, aud pleaaant, Fort .Worth
and pleasant. Btltotr and Uouatou
tint mid hot.
TEXAS RAINFALL.
j.lvc.ton „ .. 43
Hcnrlctto.. . , 32
Ssrr-:.-:.\y: v.-v. •*. v. r.:: :: 8
[kermno * 20
Temple 1 ,. ,. 62
'J'-l’-ll'Pl-Natchea; J.rkaon, Vlrkabur,
.-.By dear and warm. Hattleabur*
"«o» »nd pleasant. Meridian dear and
i-.', Albany partly cloudy luid hot.
lnt *> portly efoudy and pleamnt. Tupelo
Aiuory partly cloudy aud warm,
.q^enwood, Ilaxlehnrat and Brookbaren
«rar and hot. i
oiiininn—Qirmlnabam. Montgomery and
fellko clear and warm. Selma and Mo-
Rriear nod bob
Bjjown-Macoa and 8avaanab dear and
S™- America, partly cloudy and cool.
-Icnr and hot. Columlmi partly
Atlanta partly
WEATHER IN WHEAT BELT.
.rillu" 1 ' .Nortbweat—Partly dondy, with
ikovp 1 ' V 0,, * r *'» 1 P« r *turei 24 to 44
Ncr,he„,_cioudy and cooler: 46 to 62
t£. "In.
"«t and South went—Generally dondy
M to T6 above; (enernl ralna
S in ,ow " •h' 1 Kanaee; local mine
,n ' 1 llllnnla.
Oblo 'alley-dear: 68 to 72 pbove.
Cron laat year u -*5?-S53
Add 7 per cent, acreage Increaae.. 899,001
Crop. If condition anme na last
year .12,900,000
Add 7 per cent Imttprcondltlon.... 000,000
Cron Indicated by bureau. . . .. .12.SW.000
Vlaftile .apply September 1 900.000
Bplunera* atocka.. .. .. .. 1,200,006
Total aupply,.
.14.900.000
Tbe net etock of cotton In New Ob
leans la 17,181 halea, against 43,866 laat
year.
The amount, of cotton on shipboard Is
1,110 balea, against 5,176 last year.
WARE & LKLAND’8
DAILY COTTON LETTER.
New York. Sept. 12.-Followlng the recent
advance, there was another setback on
profit-taking and short selling during the
early trading In cotton this morning, but
later on abort covering and baying by pro
fessionals In an. effort to bring out some
thing of n rally carried The market hack to
within J or 6 points iff yesterday's Mgh
level. On this advance again cotton appear
ed to lie for sale, and for aome reason or
other there was not the outside buying
necessary to encourage operators with the
stability of raluea that they were willing
to enlist on the long able to an extent
(hat would abaorb cotton for Bale mid
carry on tho rise. Around 9.20 for De
cember there was a large quantity for
sale, and while there was in evident -
any decline, this did
sire to buy
docs not send
lie noted thnt the
In the In
extensive
that y a ’re'op"'yTeld"is being" gathered," and
while there la the nornuri deterioration,
there la ao large a crop growing that It
buying orders that would support
re crop deterioration. Reports,from
sections of the cotton licit Indicate
Is an open question whether enough hull-
Ish sentiment
esn bo engendered to bring
shout a bull market until after the greater
percentage of tho crop has ben marketed.
For this reason, we look for a trailing
market without very much change In raluea
for n time, or, at leaat, until after frost
danger la over.
THE 8UQAR MARKET.
New York, Sept. 12.-The Federal Sugar
Refining Company ndranreil .It* IUt pricer
for prompt shipments 5 points to 4.76 net,
leas 1 per cent for essh. All other re
fineries are still quoting 4.80.
I,o,-a 1 raw sugar market steady and un
changed. London Met market arm; 8ep-
WEATHER FORECAST.
Louisiana. Mississippi. East
Florid: and W>*t/!«!?» •“LikUm.-
Georgia,
ShowSa "Wednesday and Thursday; Ught
i °East *Texa"n—Scattered ■bowers Wednes
day and Thursday; light tp fresh soutb-
"west'-Texas— Fair Wednesday and Thi
^Yrkamma-Showeni ^'amd* 1 'thunderstorms
"M^Showcra^o^Si and Thuraday;
°'!'| 1 idtana—Partly*c”onily tonight; showers
nn«l cooler In northwest «nd central por
tions; showers and cooler Thurwlay.
Wisconsin—Showers and cooler tonight,
Thnrsdny fair In west; showers and cooler
P “sYinaesotn—Fair In west, showers cast to-
night, cooler Thursday and fair.
n Iowa—Showers - and cooler tonight and to
morrow.
'* «• ALABAMA BT.
GIBERT & CLAY
?L°TON. ORA?N. ATLANTA. OA.
COFFEE. PROVISIONS
^******** i.lChleago Board of Trsds.
'Liverpool Cotton ftssocjatlon
JGalveston Cotton ExcbsngSk
kiMl and L,n fl DlaUno* Ts* sphono'52981' E * Ch * ^ K. FAGAN. Manapae.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
NAME OF 8TOCK.
NAME OF 8TOCK.
I*/, ^^fiorntlon In Texas nml
if.-i2P® ln*lng received this morning.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
ffl.-K ara. , -diys5 s i.“3
houses where It wan Impossible to flgur,
out when* good* are coining from to mm-
ply the needs of customers who have al
ready purchased nearly a full supply.
There was lew disposition shown to push
goods for delivery this year on the part
of sellers, and there appeared to lie a
prices M rtnfldont t0|,e expressed regarding
New Orleans, Sept. 12.-Ltverpoot 1840*84
down Is poor. \8ns due to show an ad
vuuce of 102 points.
Western forecast IruJIrntrn showers and
cloudy weather with lower temperatures
Amalgamated Copper.. •
Atlantic Coast Line. .. •
American Sugar Itef. .. •
Anaconda.
American raocomotlts,. •
do, preferred
Amor. Smelting lief. . •
do, preferred.
uo, prcierreu. . , •
American Cotton OIL .
Amer. Car Foundry. ..
Canadian I’aclflc. L , .
Chic, ft Northwestern..
Chesapeake ft Ohio, h
Colorado Fuel ft Iron..
Central Leather
do, preferred.
Delaware ft Hudson. .
Distiller's Securities. .
Erie
iiunois uenirni. . » • •
Amer. Ice Securities. ..
Louisville ft Nashville,.
Mexican Central
ifiiinMi
Missouri Padfle.
N. V.. <^nt. ft Western.
National I .cad
Northern l’adfle. . . .
New York Central.
New York Central. . .
Norfolk ft Western. ..
Pennsylvania
People’s Gas
Pressed Steel Car. . .
do. preferred. . . •
Pacific Mall
Heading
Itepublic Steel
Hock Islsuil
do. preferred. . . .
United States Rubber.
do. preferred. . . .
Southern Pacific. . . .
Southern Railway. . .
do. preferred, a . •
Sloss-Sheirield
Tenn. Coal ft Iron. , .
Texas ft Pacific
Union Pacific. . . . . .
United States Steel. .
do. preferred. . . .
Va.-Cnr. Chemical. . .
Western Union. . .
Wabash
do. preferred. .
Wisconsin Central,
do. preferred.
Total stocks sales today 1,096.400 shares.
M
LIVERPOOL.
Following table glvet. opening range end
close, compared with yesterday's closing:
Futures opened quiet and steady.
Opening Previous
Range. Close. Close.
September 5.1784-6.1684 6.15 6.1S
Sept.-Oct. ; . . .6.04 -6.03 6.03 6.0684
Oct.-Nov 4.98 4.99 4.9984
. .4.98 -4.9784 4.9884 4.99
,4.99 -4.98 4.99 6.00
..4.99 -4.9984 6.00 6.01
...6.02 6.02 6.03
...6.0484*6.03 5.0484 5.0684
... 6.06 6.07
5.0784-5.06 5.0784 6.09
AOT.-IJCC, •
Dec.-Jan, .
Jan.-Feb. .
Feb.-March.
March-Aprll.
ay-June.
Closed barely steady.
NEW ORLEANS.
ffept. . . .
Oct. . , . .
Nov
Dec
Ffil
Ms
sti
steady.
9.12-13
9.14-16
9.17-18
9.1*27
9.32-34
9.19-40
9.53-65
Too
9.12-13
9.14-16
9.17-18
9.25-26
9.31-33
9.38-39
9,62-54
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to War* ft Leland.
♦i/^lc^go, Sept. 13.—The wheat market at
the close yesterday showed s heavy
dertone, and there Is-nothlng In sight
morning to strengthen the sltuatlr-
Ruy «)rn ~ftffi~qats*op sman a dfSu.
' “ trade. ' if
/* wfm eight
any shorts, .they do not appear concerned.
.uvui, iucj uu nui appenr cc
W* Fr» ns strength ths factor.
Oats hlrhpr on buying by local
Barrel about the ot
ronl-Hcrald: Discouraging
reported last night by Tos*
rat either for mllling; ship-
crowd. , .
of i-ouaequeuce.
Chicago Rcconl-Iterald:
comlltlons were reported las
era In cash wheat either for milling, ship-
I ng or export. For the first time In the
jjstory of the grain trade out of Galveston,
all of the warehousea there were blocked
yesterday, the Rnaenhanm warehouse being
blocked us completely a* those of the San
ta Fc system.
On account of the dnll demand, there
was no aggressive bidding to the country
for .ra«h wheat, some of the grain men
predlctlnj^that Duluth cargoes would ultl-
mutely b»)rought to Chicago If the current
movement Continued from the Interior.
Export sales of Durum - wheat for the
crop year to date are eitimated by compe
tent authnrltlea at between 3.000.0W
autliorltlea at between 3,0M,0M and 4,-
0 btishels.
France eontlnnea to buy a few oata In
tho United Statue. .o».i..i„.. —
- -- --- Few stipulations are
made aa to quality and weight. The. oata
crop of France la quite abort. There Is
also a shortage, as compared with laet
year, of 20,000,OOO buahela In tbe oata crop
of Germany. The oats crop of Sweden
and northern Russia are claimed to be a
practical failure. Northern Klevator Com-
TRADING ON CURB
WEAN FOR WHEAT
Bulls Not Frightened Gov
eminent’s Figures on
. Spring Wheat.
Chicago, Sept. 12.—The grain list was
quite strong with coarse cereals In tha lead
as price makers. -Closing prices showed
wheat unchanged to HCUc better. Corn
HOHc better; oo(s were up ftOttc and pro
visions were op 6016c.
The oata situation overbalanced all alia
In tho markets, and carried wheat and corn
with It. The world’s axallnble supply show
ed Increase of 6,876,Me bushels wheat, MS,
006 bushels com and 660,000 buahela oats for
the week. A Rriiomhall, Odessa, eablo
said that th* stocks of wheat there are 2,
this week are nunsiei a, i,wiwu nu.u-
eli. A hear, run of wheat la looked for Id
the northwest, Inelodlug Minneapolis, Du
more oafs
oats In splendid ..
Valentine waa an open buyer of December
aud May wheat on the advance, and It la
claimed he waa an equally free seller near
the close. Tbe gronp of northwest houses
! 'allowed about samt tactics aarly and late.
Foreigners eoutlnue rery Indifferent hurers
were reported He lower, by Hew York
imisea, and the domestic demaud rery
Imltod. Liverpool made no respond to
the somewhat bullish crop figures on the
spring crop. The seaboard reports only
ire* boat loads export business.
was 40.000 bushels. Including 26,000
No. 2 hard for export. Cash brokers re
ported an unusually good demand for
hlcken feed stock: dealers com acting with
Illlers and elaratora for the offeringi.
Cash corn was HOHc higher, with sales
ot 80,000 buahela.
Rradstnet'i world’s risible
''friendly to whMt, corn and oata. senti
ment not nearly so bearish: packers sup-
imrtlng provisions, fieptemlier and Octo
ber are good consumptive months, and
price likely to be held up to Inaure good
cash prices.
GIBERT & CLAY’S
DAILY COTTON LETTER
New Orleans. Kept. 12.—Liverpool was
•lightly disappointing on the opening,
ably due to longs eorartng [nan
..... rerpool house
hies that spinner, were engaged well ahead
‘ it were protected hr rnnlnets. Options
i the net results lost khoul 1 point,
bile spot transactions were 3 points low-
sales amounting to 7,000 bales. Imttrio
rs tins reports continue to come In. although
t must be’ said that they Inspire support
nadequate to more than nialnfaln existing
erels. Nevertheless, sentiment In favor
of high prices bss Iteeu materially en
mured, and buying baa progressed stead
ly today In tha local market, part of It
attributed to the prominent hear leader and
part to exporter*, who unwilling--to meet
the full prices asked by spot holder^ And
It more eipedtent to purchase contracts.
Today's map ta not In Its. f unfavorable,
ret a cold wave, preceded by ritowera. Is
Indicated as approaching from.north
west. The western belt already has had
too much rain, and picking In that por
tion of the cotton district bss lieen ma
terially interfered with. Numerous com-
°L. d SR , E‘2^12 2K£. ■SilrS:
Altogether"'dispatches are far. leaa
mronmglng, and onEr the
weight of freely
moving new eotto^with clrar 5ry weather
remove or lessen the change In public
•eutlment.
COTTON 8EED OIL MARKET.
New York. Kept. 12.—The market for cot
ton seed Al was active and strong for all
deliveries. Keptemlier advanced to Mr, Oc
tober to 36c, and there wna liberal-trading
In January. There was good buying by
refining Intercuts, and It waa Intimated
thnt considerable of the demand wsa (ray
ing against export trade. In i-mumcUoii with
.moments from Maraelllra. Knot waa very
firm and sold nt SSHr. Notwithstanding the
Ths market at the close era* sresdy, with
price* 84084c np. Sale* far rh# <Uf
inted SWMrwil Hspterabsr VA *r hl\r
and 599 st lie; fVtolHHr X» st 34V *od.»l
at 3484«*; Ndrcnhar 909 at 36c; lAeccmbcr
lja9at»V. 109 at WV and 300 st Me;
Jamiarv 500 at 3084c ami 100 at Sic and Mar
100 at he ami 190 at 32V-—'Vare
openlnr. Cloalnit.
Septeml»cr
Of-tolier. .
November
I INffemlvr
ffiBPr/.V:;
M.y .
VigH-l steady.
Corn closed -
mil hog produ
The seahoari
6 loads each of
wheat and corn "ami "60,600 "hnslieia bats^
26.000
At Chicago, 7.000 Iraahela of wheat,
buahela of corn and 60,000 hnshels of oata.
Primary receipts of wheat 867.471 bush-
Clearances 361.000 hnshels SASTiS*-
bushela corn and 266,060 bushela.oats.
CHICAGO GRAIN MARKET.
Chicago grain agd prorlatoh quotations
f6r today follow:
Previous
Open. nigh. Low. Close. Close.
WHEAT—
ffc P It P S 55
III hill
^1 ! Si i IS
LAIID—
e oT.:: 1:8
J*n..„. 7.67H
BIDES—
Kept... 6.70
Oer.... 6.46
Jan.... 6.62;
CASH WII
o.°i bartTwInter
Mitt It
7.76 7.67H
II
AT-
!l
CHICAGO CAR LOTS.
Wheat-
Corn.. .,
Oata.. ..
Hogs.. .
PRIMARY MOVEMENT.
Tha following figures give the primary
inurement of wheat and corn today:
Wheat-Receipts 867.000 bushels, against
1,011.600 buahela last yaar: shipments loday
IlUlfli-IW HUKIlPIS ISS6 gglraa . SIII|lllirillS ItSISJ
316.000 bushels, against 600,000 bushels last
Corn—Receipts 1,ON,000 bushels, againat
863.000 bushels last year: ahlpmenta today
464.000 buahela, against 338,000 buahela laat
yaar.
LIVERPOOL GRAIN MARKET.
lVhaat—Open unchanged; at 1:36 p. m„
He lower; closed He lower.
CROP QUESTION
STILL UNCERTAIN
New York, 8ept. 11—The Son says: The
wind-tip of the market waa at s small de
cline. The drift of prices for s time was
upward, though thins* even then were not
altogether to a bull's IIking. Rut the Liver
pool market was higher, the spot sales
there Increased to something like their old
time volume, there waa pretty good buying
here In the early business, and the weekly
ff vernment report, so far aa Texas at leaat
concerned, was not quite ao colorless as
usual. Dulls insist, too, that Monday's re
port by the government on the condition
of the crop la to Im» regarded aa a distinctly
bullish doenment and kept In mind as sneh.
Theodore Price, however, did not seem to
sold December very heavily, and It was the
general understanding that be did. Not
only thnt, but aome were ao bold as to say
that he had become a bear for n turn.
Europe and the South sold. Room traders
were sellers. The weather waa favorable
and the weekly government report waa of a
cheerful and promising character^ so far as
anything could be made of It And. though
an early decline wna recovered and a small
advance waa established for a time, the ul-
fesolonal market for a time. More light la
wanted on the crop question.—Glbert ft
Clay.
New Orleana, ftept. 12.—The Ttmes-Dji
rat aaya: With vocal gladiators nredi
intlng, the speculative cotton market
Tlmes-Demo-
redoml
T __ r . ]*t cop-
tlnues to anfirer from inanimation, a condi
tion which may tell against the prices In
‘ ill Ish ambition Inga when th<
Jglna to approach the maxi
mum. But the farmer will be bsnrd from
before then. In fact, he has already shown
part of hla hand, and a firmer tone In the
aetnal cotton market has followed, fipln
___ ... Hence tho argument that the
filling of old commitments rather than now
la responsible for the increasing spot trou
bles of the exporter loses much of Ita l»ear-
Ish aspect. Burfaco students of the staple
slstently Ignore the new era Influences
t challenge the specula tor's every more
making manipulation more difficult
...onfh the development of Individual and
collective force and confidence among the
farmers at .leaat.—Ware ft Leland.
*2,000,000 GOLD ENGAGED.
New York, Bept. 11—Heldelback, Ichel
helmer ft Co. annonnee that they have en
gaged $3,000,000 gold lu London for Import.
NORTHWE8T CAR8.
The following figures give the northwest
irs of today, laat week and last year:
Lest Last
Today. Week. Year.
Minneapolis 272 97 666
Duluth. 206 242 132
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOK STOCKS BONOS GRAIN
Ground Floor Oould 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
TIPS FLASHED
From Wall Street
Private Wire to Albert ft Clay.
New York, Sept. 12.—It Is needless to sny
the attitude of large interests must con
tinue to be friendly to the security list,
and recent reductions In dividends of mi
nor Industrials should not be taken at more
than their real importance. The L»ud<
market evidences further selling, and
TRADING WAS SLOW,
TONE WAS WEAK
early trading.
Loudon cables: “Reliable Information Is
that the Hank of France has arranged with
the Hank of England to supply gold to
AniArli*ii "
America.
New York market looka lower temporarily.
Big operators sold stoek* yesterday.
The New York Financial Bureau says: De
velopments over night indicate the advisa
bility of maintaining the neutral position
on any breaks are strongly recommended,
and specialties will l»e put up, according to
our news. Profit-taking on the money uews
shows thnt the large interests do uot ex
pect “distributive ease'' for some time. But
enormous prosnerity and the strongly
IdUtles are uncertain for tho dally opefotpr
who will do well to l»e extremely conserva
tive, and would not Ignore moderate re
turns. There is a great deal of manipulation
going on, and the professionalism hereto
fore douilnnnt Is assuming the ascendancy,
so tbnt quick changes are not uullkely. ■
Private Wire to Ware ft Leland.
New York, Bent. 12.—London heavy and
lower. It la fully expected that the bank
rate will he raised tomorrow.
The sending of United States warships to
Havana brings the Cuban question Into
prominence mid Is a bearish factor. Look
may appear, think they should be taken
advantage of to sell on.
A few specialties may he brought to the
front, hut the market displays heaviness
and certainly would t only buy them os
sharp breaks nml for turns only.
DoWifones' summary: American stocks to
First ear through Pennsyl.
river tunnel today, a year ahead of time.
Laban disturbances continue.
Steel rail mills now making shipments
bJlJty of dividend on common stock this
year.
Home demand for stocks In loan crowd.
Ijondon settlement proceeding satisfactor
ily,
Chances are strong that Bank of England
will advance its rate tomorrow.
Heventy-two roads for July show an aver-
Be net Increaae of 17.75 per cent.
Nine roads for the first week In Septem
ber show an average groaa Increaae of 16.25
per cent.
Total value of nine principal crops of the
United States at price of December options,
calculation government crop report. Is
Gold
Turned Strong Immediately
and Many Material
Gains Made.
IN LEADING ISSUES
No News of Definite Charac
ter, But Stories Deals
Were Revived.
pricei
here at the opening. G
and
"III Xtni-kS
Bad
spec
ntlo
Tak-
were thnt tho Rank
increase Its discount rate
‘ng Its cue front London, the mnrke
dar opened lower. There was a fo*»t>le
uyj qnd the renctlon was resumed. Read-
iiHldcuously heavy
days
-41117. nnu me rencuon
mg being aue of the
‘here was on tho way down what In y.......
called good buying, and after the first hoi
♦he general list rallied. There was no n
tempt to bid up prices, and whtlo tho,
wn* buying of cortnln stocks by the
Interests that —
in tbe
the room short into
- , —, freely offered at the
legal rate. In the fold Importing situa
tion, the most Interesting news was the re
port that the itnnk of France would re
lease gold for shipment to America in or
der to reduce the drain on th** Jlnuk <>f
England. The hardening tendency of the
stock market continued after the first hour
of trmllng. ,
After the weak opening in the stoek mar
ket, trading was slow nml hesitating for
aome time, hut later the tone became
•trong and at the end of the first
30,-
parent all over the room.
news of a definite character, but storl
deal announcements were revlvc*l an*
found many believers. Commission bousei
were moderate sellers on the recovery,
of
Gold engagements against deposits and
already in transit total 320,000,000.
Further gold engagement expected today.
first week of
. J gold engagement ex;
Southern Railway earuln^H
Septemlier Increased J70,""
Twelve Industrials decll.
Twenty active railroads
cent. I
the first hour, nml brokers for large west
ern operators and Important banking Inter
ests were aggressive buyers.
Government bonds unchanged.
Other bonds steady.
LONDON STOCK MARKET.
CROP CONDITIONS
ARE IMPROVING
Kpeclal *0 The Georflnn.
Newberry. S. C.. Sept. 12.—The ex
ceulve rains during August played
liavoc with tha cotton and com In^hl*
eectlon, much of the fleecy staple rot
ting and .proutlng In tho bolls. Since
the sun has been shining .during ths
past ten days, howevsr, the crop con
ditions seam to be greatly Improved.
It Is the general opinion that a larger
and better crop wilt be made than at
first predicted.
L. J. ANDERSON & CO.'S
DAILY COTTON LETTER.
New York, Sept. 12.—The New York mar
ket opened 203 point, down, nlthnwrii the
fonlgn cahlea did not warrant this weak
ness. After the opening, there wna short
rovering and aont renewed buying, which
steadied prices and cauaed an advancing
tendency. Reports from the l>elt continue
to cnutaln complaints of deterioration on
account of wet weather, boll worms, wee
vil, etc., but Ihe trade Is very skeptical
of damage reports from the South. They
have learned to regard them aa colored to
•utt the altuatlon. However, the weather
weather. An ar
temperature to around freeslnjr la Juat
bore. Shorts are beginning to be quite
lerrous over the outlook and sentiment Is
ssi sums . ,
liocomlng more hotllsh. It would only
take a little real unfavorable weather to
cause quite a stampede to the bull side.
We coutlnus to believe In purchases on
the recessions.
THE DRY GOODS MARKET.
New York, .Sej^ 12.—The dry
y goods i
ysrs dlsp
ket wasrateady today, with boyars disposed
slowly. The restriction In pra
ised by the shorts*, of labor
ginghams, Bleached sheetings sod other
common fabrics. Cotton yarns on the coars
er numbers ore steadier. The largest known
Individual sale of prints to Manila was
STOCKS—
Anaconda... .
l2pml«o.!t-h
Atchison
Canadian Faclflo., .■
Chic., MU. and St. I-aul....
iiiinuia Lenireis. .* .. ..
Loulsvlllo and Nashville..
Reedlnf,. .. .. .. .. .. ..
Pennsylvania ..
.Southern Pacific
Union Pacific
United 8tnfes Bteel
do, preferred
.. iohSa!10984
17.VS, 17**; 177
1754 175 17*4
4784 47*4 4s'-
149 I48*4!l50> 4
140 140 143’j
,141V*
129*4 149
90% 91«4,
1908» 190S 192'*
46 4542 4ti\
10684
THE COFFEE MARKET.
New York. 8*pt. 13.—The coffco market
opened steady at unchanged prices to a
decline of 6 point*. te a. result of
hlfr th© „
tending to confirm the rumors published
esterdny of progress In vnlorlxntlo
yet __
fairs was also a feature disappointing
some of yesterday's buyers and pri.mi
n* scattered liquidation. On the
hand, fresh bullish news was nt hnnd re-
gardlng new crop prospect*.—Glbert ft
The following table'gives tho opening
range and do*©, compared with*yesterday's
January.. ...
February. . .
March.. . .
April
May
June
July
Opening.
Rknga.
Close. Ul
.*?.«. 99^.85
....«.«4.96
,.6.96
..7.00-7.06
....7.10
.7.15
6. *5 »f 90
fi.OO-fi.'iG
8.95-7.fiO
itember
October. ...
November
December.. .. ..
Cloeed steady.
,...6.65-4.70
..6.5M.75
. .. .6.75
THE LIVE 8TOCK MARKET.
Chicago, Bept. 12.—Hogs- Estimated re
ceipt* today 26,000. Market Steady; bulk
r.AVufi.25; left over 2.937; light hogs fO.lO'tf
Ml; mixed «5.M«6.85; heavy «.35«il.*>;
rough 35.35fi5.7i); plan IS.iiS-flMS; vorkcra
16.6006.60: good to choice heavy aa.
Cattle—F
Stlmated reeolpta 29,<>00. Market
steady to 10c lower: quality fair '
13,80; COWS $1.2tff4.30: heifers $13*3>
o.^»; calves lASOOK; g«iod prime steer* |5 80
Ct.Kj poor to medium llaOQlB; stacker*
g llty fair; native $3.2Mj6.70;
70; yearlings J5.7n«AW;
; western $t.79tUU5.
H. M. Atkinson. Y. P.
Joseph A. McCord, Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. Calhoun.
Milton Dargaa. •
John W. Grant.
H. T. McCord.
DIRECTORS:
Frank Hawkins. J. Carroll Payne.
H. M. Atkinson. E. B. Rosser.
Joseph A. McCord. David Woodward.
RCFCRCNCC, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
MADDOX-RUCKER BANKING COMPANY.
COTTON^RAW, ^ROVISIOnSHtoCKS^BONDS,
Me. 3 IVs/i St., fatari Building, Atlanta. Ca.
MLMBERS:
for fark Cation lacknnga.
flaw Orleant Cotton Inchanqt.
Chicago Board ot Trado.
Ch cijo $1o<k
Han York Coffee itchango.
B. C COTHRAN. Maaagar.
Standard PkmA
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.
LOWRY NATIONAL BANK s “ f ‘ D ^ si !
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world. ,
For rent in our vaults in tbe basement of the
Empire building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co,
