Newspaper Page Text
THE ATLANTA GEORGIAN.
11
AT THEMING
j Undertone Steady on Cover
ing Induced by Heavy
Rains in Oklahoma.
I cables UNFAVORABLE
Ruving Later Was of Good
Character and Prices
Were Worked Up.
York. S«P*. 11.—BuitneM •* the open,
h. ot the lix'o! cotton ninrket thl« morning
fi?. Irtlro Tie undertone w«» Heady on
E£riu Mand hr lottrjr mine In Okla-
£2* ntherwlee, however, the weether
•Bn Inna !n the South were favorable. The
rf.„ rullnea of eentlniont wove rather beer-
kJ'.H come of the larger ehort llnee were
Unreecl . • .
, The Now Vork cotton mnrket opened 8 to
. Mtnti lower, December ebowlhf the de-
JiiffS s point* In *ho fleet hour tint op-
S Ml<i ol* to 9.11. » decline of 5 point*
5Z, ye«terd«r’e cloee. which represent*}
St low price during the morning. At 11
i?Sork It wee quoted *t 9.15, cren with tho
;„Hon« ctoee. Jenuery opened 3_ point*
Elwor <*.211. told down to 9.10. and et 11
J «viwk woe miehengml e* compared with
I Jitrfdnr clone et 9.2f.
7 Bmerti et deterioration In Oklahoma
1 bolDt received tble morning.
tlrerpeol woo lower than expected and
the ilepreoalng Influence at the open-
lag.
Comparative Receipt* at All U.8. Porte
BKPlpt* at the port* today 19.017
Some <Jny laot year t '
I hwvlpfo'for four day*--
I lout doyo last your
4,809
89,963
148,067
I ppcrP.HP *«,**••«•#***•• DJ.UU8
[ Rwrints since September 1 162,728
I Same time lest year 119,910
Dccreaie *'.167,182
Semi*Weekly Movement.
1906. 1904.
J Reeelpti M,g6 «.6g
8hfrmente 48,971 61.102
| Storks 80|6O4 68,782
No comparison last year.
Eetimated Receipts Tomorrow.
1906. 1906.
I »w Orleans 2,000 to 2.600 2,868
I (tilvfitou 8,000 to 9.W0 12,176
I Hwteton 9,600 to 10£00 10,624
SPOT COTTON MARKET.
. _ price* easier: middling uplands
11 Sid; sales 7.000; American 6,100; specula-
| don nnd exjfort 600; receipts 2,000; Amerl-
Atlanta, steady at 8%c. hew.
Near York, quiet at 9.80c.
New Orleans, steady at 9Hc.
8«vnnn«h, quiet at 9ci
St. Louis, quiet at 9%C.
Boston, quiet at 9.80c.
Houston. Hfeady at 9 6-16C. .
Msmphls. quiet at 84c.
(Uivtston, nrm at 9 646c.
Norfolk, quiet at 9%c.
Mobile, steady at 9c;
i hnrlpston. quiet at 9c,
Wlluilngtou, nominal.
TODAY'8 PORT RECEIPT8.
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wre to Glbert A Clay.
_ Vork. Sept 11—Liverpool at 18:30
Pj ( m., 163V, down. Due unchanged to 1
at deterioration In Texna and
Oklahoma are being received thla morning,
lint Price broken ’continue to aell eottuu
■•el. many think It represent, short sale.
The Journal of Commerce ear,: ‘•Bur-
era were dlapoaed to go slowly for the
day, and thla was welcomed In many
houses where It was Impossible to flgure
out where goods ere coming from to sim
ply the needs of customers who bnve ah
ready purchased nearly a full supply.
There wa* less disposition shown to push
goods for delivery this year on the part
of sellers, soil there apiienred to he a
more^eoulldeut tone expressed regarding
New Orleans, Sent. ll-Mvernool 1444FJ44
down ts poor. Was due to enow an ad
vance of 1S3 poluts.
Western foreenat Indicates showers and
cloudy weather with lower temperature!
generally both tonight end Thursday.
Today', map. While not altogether unfa
vorable, as far aa the licit la concerned,
nevertheless shows the preseuce of * cold
wove west of the Itoekles, pert. If not ell.
of which, according to the western fore
east, should reach the cotton bolt tomor
row.
Liverpool cetdes: “Spinners engaged three
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years' experience of ed
iting markets In Atlanta
and the South has mode
him a recognised au
thority In bla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
months nheml. but mostly hedged by fu
tures. Mnnnfacturtrs are short, *
not buying at present prices."
The following table shows receipts st tbs
I ports today, compared with the same day
I last jrrnr:
I New Orleans, .
I fitlmtou. . . .
I UpMb
iMrnnnah. . . .
I Charleston. . . ,
1 Wilmington. . . ,
I Stt*
I Jacksonville..’ .*
I IbreltsniMiuS. .
2862
10689
4518
m
INTERIOR MOVEMENT.
Ths following table shows receipt# at the
■tenor town* today, compared with the
lame dn,r Inst year:
■ %mpbls.
lit Louis .
lOadaaatl A
14 iS
WEATHER IN COTTON BELT.
-lourty end pleaaant. Temple
■ ;u ..- ;-‘dy end pltetant. Port Worth
19?' *"!> pleaaant. Belton end Houston
udy **_ r
_ and pleaaant. Fort .Worth
| tlear hot.
. TEXAS RAINFALL.
I utltMton M
J Hmrl.Hn '
::8
;•
I nH l ’! l ."V, II|, l-Nntcbei, Jackson, Vicksburg
I!» ,! Io "i Springs clear end plea sent. Ye-
|J»o ui r ji Mr , n4 warm. Hattleaburg
I £t’v" n<1 .!>!•*•»»*. Meridian clear and
I Albans petfly cloudy and hot.
I gjkth partly cloudy and plaaannt. Tupelo
I cZ.. Am " r .7 pertly cloudy aud warm.
| c;. ’.," 1 Hailehurat end Brookhaven
PR.Md hot.
fflrssfe. ‘asrss as
I.W clear and hot
K erria-Uacon end Bhvannab cteer and
'• America* pertly cloudy end cool.
V' 'dear and holr Colnmbna partly
r, rn ned laet night Atlanta- pertly
I '-"wj and warm.
WEATHER irTwHEAT BELT.
I iSSt!"* S’orthweet—Partly clondy, with
IIKi J lo,r * r temperature; 84 to 44
Ewilw-at-Cloody and cooler; 46 to 68
I ml■'"erat rale*
and Howthweat-Oeperally cloudy
[• B ? to Bbove; general rains
»Kansas; local rains
nifl v'l Illinois.
^ Wlley-Ckgi; « to 72 above.
Brokers who usually trade for the leading
New York bear have been steady buyers all
morning.
Galveston wire*: “Morning papers full of
deterioration reports of damage by rain,
weevil and worm*.’’
Heavy rafna are reported today In north
Texna nnd the territory. Market la Improv
ing slightly lit consequence.
The eastern forecast Indicates generally
fair weather throughout tonight with prob
able acattered showers and thunder storms
tomorrow.
Exporters have been good buyers In this
market. The volume of business, however.
Is very small, but the market’s undertone
Is much Improved and sentiment leans more
favorably toward higher prices.
A dispatch from Yoakum, DeWItt county,
Texas, says: “Cotton has been coming in
nnd being marketed aa rapidly ns gathered.
But few are holding their' cotton.”
Private Wire to Ware k Leland.
New York, Sept. 12.—Liverpool opened
inlet 102 down. At 12:15 p. m., r
lown and quiet;-sales 7,000 spots. 8
at 5.61d. Futures due to come H01 up.
Cotton In New Y'ork opened lower on poor
ibles, with selling orders general.
Some local buying, but not tqnch charac
ter to market Looks like It might drag
lower.
Cotton steady on some local ahortt cov
ering.
~irpenter, Baggott ft Co. salt: “The ex-
ts of cotton for the last season, as
pared with the seasoh ending Septem
ber l, 1906. were quite small, and now lead
to the belief that the stocks In spinners’
lands In continental Kurope are not as
arge as has hern expected. The trade up
to recently, both professional and public,
hhvo been apparently willing to accept In
good faith any bearish news nnd talk slwut
n record-breaking yield, but #here seems to
With weather condition* nnd Intectg, bo we
lave reached a turning point where the
tears, of which there are not so many,
have got to .prove their bearish claims. In
stead of the bulls having to prove up their
position, so.lt looks as though we would
nave higher prices, and with the natural
went her disturbances generally prevalent
between 8eptomf>er 15 nnd 2S, a good ad
vance may be realised.** „ ..
New Orleans. 8ept. 12.—Cables were, un
favorable. Futures are down. Instead of
up. ns due, and spots are small.
Hero, of Lehman, BteviS ft Cfc.
yesterday offered to bet Brown $6,000 that
Adcf 7**per y cent* acreage’ ’increase! i^’ioolooi
Crop, If condition same as last
year 12,000,000
Add 7 per cent bettor condltlon.... 800,000
CYon Indicated by bureau. .... .12.800,000
Visible supply September 1
Spinners' stocks 1,200,004
Total supply.. .. .. .. 14.9
The net stock of cotton In New
lesns Is 17,181 balee, against 45,856 last
*Tbe amount of cotton on shipboard Is
8,110 .bales, against 6,176 last year.
NAME OF STOCK.
Amalgamated Copper.. .
Atlantic Coast une. .. .
American Sugar Kef. ..
Anaconda
American Locomotive.*
do, preferred. . . *
Auier. Smelting Ref. *
do, preferred. . . •
Atchison.
Ami.
Amer. Car Foundry. .. •
Baltimore ft Ohio
Brooklyn Rapid Tran.. • •
Canadian Pacific
Chic, ft Northwestern.. •
Chesapeake ft Ohlo.v. . •
Colorado Fuel ft Iron.. •
Central Leather
do, preferred
Chle. A Great West’n. •
Chic., Mil. ft St. P. . . .
Delaware ft Hudson. ,. •
Distiller’s Securities. .. •
Erie
.. do, preferred
General Electric. ...»
Illinois Central. . . . . #
Amer. Ice Securities. .. •
Louisville ft'NashvlUe.. •
Central
1 Pacific. .... ,
NAME OF STOCK.
N. Y.. Ont ft Western. .
Natloual la.*ad
Northern Pacific
New York Central. ...
Norfolk ft Western. .. . <
Fenusylvaula
People's Gas
Pressed Steel Car. . * •
do. I
Pacific 1
Heading. ...
Republic Steel
Rock Islaud
do. preferred
United States Rubber. .
do. preferred. ....
Southern Pacific
Southern Railway. , . .
do. preferred. ....
Sloss-Shcffleld
Teun. Coal ft Iron. . . .
Texas ft Pacific
Union Pacific
United States Steel.' . • ,
do. preferred. . . . • .
Va.-Car. Chemical
do. preferred. .....
Western Union. ......
Wabash ...
do. preferred.
.jconsln Con* '
do. prefers
Total stocks sales today 1,066,400 shares.
m
iSSB
NEW YORK.
The following Is the range
turps In New York today;
Sept. .
Oct. .
Nov.
I
Jan.
Feb
flKV::
cfoMfl
t.rely ftetAj,
a
ims[
8.89-91
9.00-02
9.13-11
9.20-21
9.M-28
9.35-86
9-46-48
&
18.90-91
9.02-03
9.16-17
9.84-25
9.80-32
9.89-40
9.60-61
LIVERPOOL.
close, compared ...
Futures opened quiet nnd eteeay.
Opening Previous
Range. Close. Close.
September 6.17V6-6.15H 6.16 6.18
Sept.-Oct 6.04 -6.08 6.03 6.06V4
Oct.-Nov 4.96 4.99 4.99#
Nov,-Dec, 4 # # • .4.98 4.97H 4.98^ 4.99
Dec.-Jnn 4.99 -4.98 4.99 5.00
Jan.-Feb 4.99 -4.99H 5.00 6.01
Feb^-March S.02 6.02 6.03
Msreh-Aprll 6.04^-6.03 6.04«i 5.06*4
April-May 6.06 5.07
May-June 5.07*4-5.06 6.07*4 6.09
Closed barely steady.
NEW ORLEANS.
The following Is the range In cotton fu
tnres In New Orleans today:
Sept. . .
Oct. , .
Nor. . .
Dec. . .
Jan. . .
Feb. . ,
March.
Ma;
El
9.14-16
9.17-18
9.26-27
9.32-84
9.89-40
il
T5»
8.12-13
9.14-16
9.17-18
9.25-38
9.3183
9.88-39
9.5244
NOTES ON GRAIN
Pointers on Provision*
WARE & LRLAND'8
DAILY COTTON LETTER.
Now York. Sopt. 12,-Followln* the recent
nuranee. there wee another netback on
profit-taking end ahort aelllng during the
enrlr trading In cotton thla morning, but
later on ahort covering and buying by pro-
feaatonala In an effort to bring out amoe-
thlng of a rally carried the market back to
within 2 or 3 potnta of reaterday’a high
level. On thla advance again cotton appear
ed to b* for Bale, and for amue reaaon or
other there waa not the outatde buying
neceaaary to encourage operator, with the
.lability of valuta that (hey ware willing
to enllat on tho long able to an extent
that would ahkorh cotton for aale and
carry on tho rlao. Around 9.M for De
cember there wn« n large quantity for
talc, and-while there waa an evident da-
alre to buy on any decline, thla did uo
irw^ffinra* bsnj? u
In the buying ordera that would aupport
extonalre crop deterioration. Uenorta from
ninny aectlona of the cotton bolt indicate
that a record yield la being gathererl. and
while thorn la th# normal deterioration,
there I, ao large a crop growing that It
la an open qneatlon whether enough hall-
leh aentlment ran he engendereil to tiring
nlKmt a bull market until after the greater
percentage of the crop haa been marketed.
For thla reaaon, we look for a trading
market without very much change In ralnea
f„“ n time, or, at leant, until after froat
danger la over.
THE 8UGAR MARKET.
fo^prompt'r'lSp'ineiita 8 point a to 4.75 net.
leral per cent for caao. All other
Dnerlea are .till quoting 4.80.
I/K-al raw augar market atendy and un-
rhangml. London beet market Ann; Sep
tember 8a lOHd.
WEATHER' FORECA8T.
Georgia. l/uilalana. Ulaataalrm!. East
Florid* and "’eat Florida anil Xlalminn—
Bhowera Wedneaday and Thurnday; light
Eaat W Texaa—Scattered ahowara YVednee-
day and Thureday; light to freah aouth-
”we.7 l Texae-Fnlr Wednesday and Thure
, ;, : kri'LShS^ po 7iSr TEStSin*
^HUnola^howere^tnnfgi’t and Thnradoy;
”Tndlana^F*rt?y clondy tonight: ahowere
and cooler In northwest and central por
tions; showers and cooler Thursday.
11 Wisconsin—Showers and cooler tonlfht,
Thursday fntr In west; showers and cooler
“’I To.
lowa-Showera aad cooler tonight and to-
morrow.
GI BERT & CLAY
1 «. ALABAMA «T.
COTTON. 0**114.
corrcc. provision*
ATLANTA. OA.
I of Trad*.
on Awoelatlon
Cotton Exchange
— r,uiimi>b ■ -
Ual and Lon* R. FAGAN, Manaqar.
>NZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
ipire Building. Bell Phone. Main 858.
ATLANTA, GEORGIA.
Private Wire to Ware ft Leland.
et>?‘!ril£' 8e l't- U--Tho Wheat market at
•he close yeaterday showed a heavy nn-
dertone, and there la nothing In light thla
morning to atraogthen the alfuatlon.
**!•>• ooru and oata on email dip*
.O? 1 "?* A'*" 1 ! 1 * r " 11 Htfht trade. It
M^:i„;?v. r e7 r , n u°\h\ , T.c? 0 ri nc,rn * d -
crow*?. i'*nfey ^Banaf aLnt'th?oiily l> 9,llar
of conacquenco.
—Record-llerald: Dlacouraglng
coudltlooa were reported Uat night liy ifenf-
era In cnah wheat either for milling. «hlj>-
P “« A r r° r * h .' flr "t ,lnlfi •» the
i ftorlof the grain trade out of Galvraton,
all of the warehouam there were Idockeii
yeaterdny, the Iloaenbaum wnrehoueo tn'lng
blocked aa completely aa thoae of the Ban"
ta Ke ayatem.
On account of the dull demand, there
w*a no aggreaalve bidding to the country
l or 'Tjej’v, ■? n ip of tho grain men
predicting that Duluth cargo*, would ulti
mately be Iwonght to Chicago if the curreut
movement continued from the Interior.
Export aalea of Dnrnm wheat for the
crop year to date are animated by cornpc-
tent^nthorltle* at between 8,000,009 aud 4,-
h'rance continnee to hny a few oata In
ie_ United State* Few itlnulatlpua are
TRADING ON CURB
W£AK_F0R WHEAT
Bulls Not Frightened Gov
eminent’s Figures on
Spring Wheat.
Chicago, Bept. 12.—The grain list was
quite strong with coarse cereals lo the lead
ns price makers. Closing prices showed
wheat unchanged to H0*4c better. Corn
H0*4c better; oata were up %0ttc and pro
visions were np 6018c.
The oats situation overbalanced all else
In the markets, and carried wheat and corn
with It The world's available supply show-
ed Increase of 8,878,000 bushels wheat, 968,-
000 bushels corn and 560,000 bushels o*ts for
the week. A Broomhall, Odessa, cable
" ~ * ~~ * ire 2,-
there
bush-
tim Unite*l Few stipulations are ‘ J* 7
s&jrtiJBPB A w :d u There**. S-Assw.
alto a ahortaK* aa compared with laat
year, of 20,00“*~' • • • r -
of Germany.
and northern Iluaeln are el .
practical fallura. Northern Elevator Com-
oata In aplendld condition.
Valentine waa an o
and Mny Wheat on
claimed ho waa an aquatiy irer aeu
the cloae. Tho group of nqrthweat —
followe-l nbout ram* Uctlr* early and late.
Forelguera cohtliiue very Indifferent Imiffa
of wheat on thla aide. Conrineqtyl IMi
were reported lie lower, by New York
houaei, and the domeatlc demand very
limited. Liverpool made no reapond to
the aomewhat hnlllah crop flgurea on tho
■prlng crop. The aeaboord reporta only
three boot loada export hualneaa.
The cnah wheat hualneaa In Chicago
waa 40.000 Imahela, Including 25,000 buabeli
No. 2 hard for export. Cnah broken re
ported an unuannlly good demand fm
chicken feed atork; ileaTera rnnmetlng with
mlllera nnd elevatora for the offering*
Cnah com waa (40Hc higher, with Mia*
of 80,000 Imabol*
Oata were
000 buahela. .
At the aeaboard, aalea of whMt 24,000,
com 8,000 ood oata 80.000.
8,000 In.
Bradatraet'a world'
creoae.
Friendly to wheat, com and oata, aentt
meat nof nearly eo hearlah: packer, aup
porting provlalona. Heptemlier and Oclo
lier arc good conamnpUr* tnoulha, and
price likely lo be held up to Inanre good
caah price*.
GIBERT & CLAY'S
DAILY COTTON LETTER
New Orleana. Kept. tt-Urerponl waa
allgbtly dlaappolnUfig on Ibe opening, prob-
nhly due to longa covering In a narrow
market, although foreign newn la extremely
acaree. One prominent Liverpool hmiee in-
hlea that aplnner* war* engaged wall ahead
but were protected hr nmtract* Option.
In the net reaultn 1oal nbonl l point,
while apot tranaactlone were I point* low-
er, aalea amounting to 7,000 hale* Datertie
ration report* continue to come In, althongb
It muat lie aald that they Inaplre anooSt
initftequatp to nioro than maintain existing
level* Nevertheleoa, aentlment In favor
of high price, baa Ime* materially en-
the fall price* a lied by apot holder!, find
It more expedient to purclua* contract*.
Today'* map la not In Itaalf unfavorable,
yet a cold wave, preceded by ehowera, la
Indicated a* approaching from the north-
weat. TUe wealern licit airendy baa had
tn.1 much rain, and picking In that por
tion of the cotton dlatrlct ban lieen ma
terially Interfered with. Numenraa com-
iilnlnta of damage to open holla hare re-
iinlted. and the raroge* of cotton 'leatroy.
Ing loaecta aa yet allow no algna of ahat.
Ing. Altogether dlanatcheaaij far lean
encouraging, and only the weight of freely
moving new cotton, with clear dry wenthc*
can remora or laeaen the change In public
aentlment.
COTTON SEED OIL MARKET.
Kew York. Bept. 12.—The market for cot
ton need oil waa acttTe and alrong for all
dellrerte* Beptemlier advanced lo 88c. Oc
tober to 36c, and there waa liberal trading
In January. There wa* good bnylng hy
refining Intereata, and It we* Intimated
that conalderablo of the demand waa Inly
ing ngalnat egport trade. In connection wlfb
ahlpinenta from Maraelljea. Spot area very
flrtu and aold at 38'4c. Notwltnatandlng the
-* —oft m cotton, thers was
sn*l reports from the
of moderate offerings of seed
reports of unfavorable nnalltv
... at the dnee wea etrady, with
’ific-^Dacvml-cr
1 800 !t anse. ll» ■» *)He and 800 at Me:
January 800 at 8Me and loo .t Mc and Mar
100 at fce ami 100 at 32*4e.—YYsrs kJ/niDq,
steady.
lutb and
Corn clo „_ ,
sn»l hog products quiet.
The seaboard reportwl 6
wheat and corn nnd 60,000 _____
At (.'hlcsgo, 7,000 bushels of wheat, 26,000
bushels of corn and 60,000 bushsls of oata.
CHICAGO GRAIN MARKET.
for todsjr follow:
Open. High.
WHEAT-
fc §&
U C^)RN-
Rtipt....
Dec.....
May....
OATS—
fiept
Dee.
Low. Close. Close.
ft
SI
i.
2%
* I S5 R R 'IS
BepL. 1«!«7t4 18.0744 18.80 18.8744 18.5744
Jan.... I9.ini J2.97« 18.86 12.90 U.M
a? bl n m
Bept:.. 9.79 8.85 8.73 8.16 8.70
Oct.... 8.48 8.5* 8.46 8.8244 8.4T44
Jan.... 8.92‘A *.96 <1.90 <.924{ 8.90
CAHII WHEAT—
CHICAGO CAR LOT8.
Wheat..
Corn.. .
Oats.. ..
Hogs.. .
7»
28000
PRIMARY MOVEMENT.
The fallowing figures give the primary
movement of wheat and corn today:
Wheat—Iteeelpls 867,000 bushels, against
1.018.000 bushels last year: shipments today
316.000 bushels, against 609,000 bushels Iasi
year.
Corn—Receipts 1,094,000 bushels, against
963.000 bushels last year: shipments today
454.000 bushels, against 338,000 bushels last
LIVERPOOL GRAIN MARKET.
Corn—Opened unchanged; ai
He lower; closed unchanged.
st 1:80 p. m.,
CROP QUESTION
STILL UNCERTAIN
New York, Rept, 12.—The Sun asys: The
wind-up of the market was st a small de
cline. Tho drift of prices for a time was
upward, though things even then were not
altogether to a bull's Ilk!
>P i
ng. But the Llver-
raarket was higher, the snot sales
r__ .. ke } h , (r nM .
good buying
there Increased to soroethfng like
time volume, there was pretty
51189“ fujujuv, iuwf wa* it ran/ iwi
here In the early business, and the weekly
government report, so far as Texas at least
Is concerned, was not quits so colorless os
usual. Bulls Insist, too, that Monday’s
port by the government on the rondltl
of the crop Is to be regarded as a distinct.
bullish document and kept In mind as such.
Theodore Price, however, did not seem to
regard It In thnt light. If It Is true that he
sold Decemtier very heavily, and It was the
general understanding that be did. Not
only that, but some were so bold ss to say
that he had become a bear for a turn.
Europe and the Booth sold. Room traders
were sellers. The weather was favorable
and the weekly government report waa of a
cheerful nnd promising character, so far as
anything roald be msae of It. And, though
nn early decline was recovered nnd a small
advance was established for a time, the ul
timate direction of prices waa downward.
The net decline for the day, however, waa
very small. It is likely to be a narrow or-
feaalonal market for a time. More light
wanted on the crop question.—Glbert
New Orleans. Sept. 12.—The Tlmes-Demo-
erst says: With vocal gladiators nredoml-
movement begins to approach —
mum. But the farmer will be heard from
before then. In fact, he has already shown
part of his hand, nnd a firmer tone In the
actual cotton market has followed. Spin
bios of tho exporter loses much of Its bear-
lsh aspect. Surface students of the staple
persistently Ignore the new era Influences
that challenge the speculator's every move
by making manipulation more difficult
through the development of Individual and
S lice live force aud confidence among tbs
raters st Issst—ware ft Leland.
$2,000,000 GOLD ENGAGED,
New York, Bept. 12.—Heldelbsck, Jcbel.
_elmer ft Co. announce that they have en
gaged 82,000,006 gold In London for Import.
NORTHWE8T CAR8.
: week and last yeai
Last Last
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOK STOW! BONDS 0R1IN
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, 6RAIN
Correspondent's Capital $250,000
REFCRENCC, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLDG
cottonYgrai^, ^ROVISIONsStO^K^BONDS,
Bo. 2 W»n St., ptfrt Building, Allan!». Cl.
MtUBEBS:
For Yark Cotton lubangt. CbUaga Board ot Trado.
Btw Or Irani Cotton Eieliange. CbUago Sloik Utbaogt.
Llttrpool Coltao Anodatloo. Ban York Coffrr Ixchaago.
hlrata Vilrtt lo Btw York, Maw Orltaga, CbUago. B. C COTHBAA.
Ball Ho" 1262. Slaodard
Vkoai
TIPS FLASHED
From Wall 8treet
Private Wire to Glbert ft Clay.
New York, Bept. 12.—It Is needless to say
the attitude of large Interests must con
tinue to he friendly to the security list,
aud recent reductions Id dividends of mi
nor Industrials should not be taken at more
than their real importance. The London
market evidences further selling, nnd our
market may refier* ’ -*— **--
early trading.
London cables: “Reliable Information Is
that the Bank of France hue arranged with
the Bank of Euglond to supply gold to
America.”
New Y'ork market looks lower temporarily.
Big operators sold stocks yesterday.
The New Y'ork Financial Bureau says: De
velopments over night Indicate the advisa
bility of maintaining the neutral position
still. Dally oners tors ought to consider the
wisdom of light
on any breaks
and specialties will be put up, „
our news. Profit-taking oa» the money news
shows thnt the large interest# do not ex
pect "distributive ease’’ for some time. But
the enormous prosperity nnd the strongly
bullish fundamentals Increasing prohibit a
bear market, and we anticipate higher
prices Inter on. In the Interim the possi
bilities are uncertain for the dally operator
Who will do well to be extremely conserva
tive, nud would not Ignore moderate re
turns. There Is n great deni of manipulation
golug on, nud the professionalism hereto
fore dominant Is assuming the ascendancy,
so that quick changes are not unlikely.
Private Wire to Ware ft Leland.
New York, Hept. 12.—London heavy and
lower. It Is fully expected that the bank
rate will be raised tomorrow.
The sending of United .States warships to
Ilavnnu brings the Cuban question Into
prominence and la n bearish factor. Look
for further Umildntlou, and while rallies
may appear, tulnk they should be taken
advantage of to sell on.
A few specialties may be brought to the
_ ont, but the mnrket displays heaviness
and certainly would only buy them on
sharp breaks nnd for turns only.
Dow-Jnncn’ summary: American stocks In
London heavy, H to \ below parity.
First car through Pennsylvania North
river tunnel today, n yenr ahead of time.
Cuban disturbances continue.
Steel rail mills now making shipments
at rate of 300,000 tons a month.
K u £ her Goods ssy no possi
bility of dividend on common stock this
year.
Home demand for stocks In loan crowd.
Hendon settlement proceeding satfsfactor-
Chances are strong that Bank of England
will advance Its rate tomorrow.
.Seventy-two roads for July show an aver
age net Increase of 17.75 per cent
Nino roads for tho first week In Septem
ber show an average gross Increase of 16.25
per cent.
Total value of nine principal crops of the
United States at price of December options,
£alc2\?G*d °n government crop report, Is
82,896,720,000.
.Gold engagements against deposits and
alresdv in transit total 830,000,0(50.
Further gold engagement expected today.
Southern ltnllway earnings first week of
September Increased 870,022.
Twelve Industrials decllued L02 per cent
Twenty active railroads docUnsd .32 per
cent.
TONE IS WEAN
Turned Strong Immediately
and Many Material
Gains Made.
IN LEADING ISSUES
No News of Definite Charac
ter, But Stories Deals
Were Revived.
lower range of prices and sold stocks
•lore at the opening. General expectations
were that the Bank of England would
increase Its discount rate tomorrow. Tak
ing Its cue from London, the market to
ny opened lower. There was a feeble
By, and the reaction was .resumed, Read
ing being me of the conspicuously heavy
stocks. For the first time In iwrvcral days
there was on the wsy down what Ik i
called |—-* *—*— - '*- -
'‘ailed good buying, nnd after the first hour
♦he general list rallied. There wnn uo at-
loterost* that were active In the recent
advance, tho principal support came from
the re^ulrementg of the room short Inter-
offered at the
MM*
Interesting news was tho re
port that the Bank of France would re-
lease gold for shipment to America in
ney was freely offered at t
__ In the gold Importing nlti
tton, the moat Interesting news was tin? i
f trading.
After the weak opening In the stock mnr-
et, trading was alow and hmattaf for
nsted, there
__ hlle good baring was ap
parent all over tha room. Th«*rM was no
of a definite character, but stories of
— announcements were revived and
found many believers. Commission houses
were^ moderate .aeljers on tha recovery. '
CROP CONDITIONS
ARE IMPROVING
Bpmlal to Tke Georgian.
Newberry, S. C., Sept. 12.—The ex-
ceaalve rains during August played
havoc with the cotton and corn In thla
section, much of the fleecy staple rot-
tlnc and aproutln* In the bolls. Since
the sun ha* been shlnlnx during the
past ten day*, however, the crop con
ditions seem to be greatly Improved.
It Is the general opinion that a larger
and better crop will be made than at
flrat predicted.
L. J. ANDERSON A CO.’S
DAILY COTTON LETTER.
Kew York. Bept 13 —The New. York mar.
ateadled price* and caoeed an aHvenclL.
tendency, ltaporta from the licit continue
to contain cumplalnta of deterioration on
account of wet weather, boll worms, wee.
vtl, etc., but the trade la very akeptlcal
of damnf* reports from tha Bouth. They
hare learned to regard them aa colored to
suit tho altnatton. However, the weather
xas territory ana i«
mnd freeetng la just
beginning to be qnlta
atlook nnd wntlinMit U
valla over th* Texas territory and
temperature to nroand -
nnova. Hhnrts ar* beg
nervous over the outlook _
lieeomlug more bnlUsb. It would only
lako a Tittle real unfavorable weather to
eauae quite a stampede to the bull aide.
4Ve continue to bellove In purchases on
the receaatona.
LONDON STOCK MARKET.
BTOCKB—
Anaconda...
Atchison
Canadian Pacific..
Chic., kill, and BL Paul....
Brie
Illinois Central,. .. ..
Loulavllto and Nashville,.
Heading ’.,
■•.;•••:
Union Pacific
United Slates Steel
do, preferred
THE COFFEE MARKET.
New York, Sept It—The coffeo mnrket
opened steady at uachanged prices to a
decline of 5 points as n reault of rather
disappointing cable* nnd arnnll receipts,
while the .finance of any farther advice*
tending to confirm the rumor* pnliUsInil
yeaterday of prograsa In valorlxatlon af
fair! was also a feature dlagppolnlliu; to
some of yesterday's buyers aud promot
ing .acaltared liquidation. On the other
hand, fresh bullish newa waa at hand re
garding new crop proapcct*-aibort A
opening
THE DRY GOODS MARKET.
New York. Bept. 13.—The dry good, mar
ket wa* ateady today, with buyers dlspu.od
to proceed alowly. The restriction to pro.
a m caused by the abortorc of labor
, mills haa brought about aa
linn In many Hum of gorxla. noi
January
February
«•.:
lay
Ju uo
July
Augait
Hoptembar
October. . . .
November.» ,* *<
Decvmber.. .. ..
CImc<1 ateady.
Opening.
Range.
6.80-6.85
... . W-fl.9 5
.100-7.06
7.10
i. . . .7.15
, ....6.65-$.70
.. ,.6.65-6.75
. .. .6.76
*•' mvh.ht.
6.85- 6.90
*?.?•) 6.!*r»
6.86- 7.00
7.00-7.06
7.06-7.10
6.40-6.46
6 4!» 6 50
H.506.66
6.56 6.60
THE LIVE 8T0CK MARKET.
Chicago, Bept. It.—Hoga— Estimated re-
relnW today 25,000. Mnrket at'*a<ly; bulk
toft ovor 2.937; light imj™ $6.10*»
6.6); mixed 35.8006.56; heavy IS.86^6.to;
rough 8S.3f.-5jf.70; pi a* 85.6SCf6.4S; vorkera
80.wW.6O: good to elmlco benvy 86.6<HW.0O.
Caitlf—T>tlmntM receipt* 29,060. Market
steady to 10c lower; quality fair; bnovea
31.2604,30; brifan 83JWP'
w; go4>d priino *te*rn 85.30
indium 83.S)0t>.26; sto«*kcra
...llty fair: untlvc 83.2fyff6.70; tvattafn l
kTO; yearling* 86.7606.60; lambs 84.7.V£p
il wesUrn i4.D0d.2T
Frauk Hawkins, President.
H. M. Atkinson, V. P. Thomas C. Erwin, Asst. Cashier.
Joseph A. McCord. CasMer. B. W. Byers. Asst. Cashier.
Third National Bank
Capital
Surplus
Milton Di _
John \V. Grant.
U. Y. McCord.
. . . . $200,000.00.
. . . . $300,000.00.
DIRECTOR81
Frank Ilawkics.
H. M. AtkU.—n.
Joseph A .id e Cord.
J. II. Nunaslly.
J. Carroll Payne.
B. B. Rosser.
David YYoodward.
WM. L. PERL, President. THOMA8 J. PEEPLES. Cashier.
ROBERT P. MADDOX, Vice President JAMES G. LESTER, Assistant Cashier.
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.
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
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.