The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 12, 1906, Image 11

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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,