Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY. SErrnMRF.R H. J!Wf|.
11
PRICES HIGHER
Early English Cables Were
jjueh Better Than Had
Been Expected.
NEWS AND GOSSIP
Of tho Fleecy Staple.
jjjflV YORK FOLLOWED
Oft' Later on Decline
in Liverpool—First
Prices Best.
..., y or |(, sept. 14.—Bu.lnees at the
nlDg of the local cotton market was
ff rly active and first prices were
Iieady at an advance of 6 to 11 points
fl line With the cables, which were
“ "iderably better than due. Shorts
were h e chief buyers here and In Llv-
but a number of commission
were advising sales on a scale
" ' the market has had an advance
already of some 40 points from the
|0 ijJIronol nt the opening this morning
„ Twldedly nud unexpectedly good,
" ivarices of 3V44JM4 In futures,
ed 12 points up on ■
looted 12 polls’
i'l-crtn to slump shortly nfter tlm
2 «.iilns. sad the close was on 2«3V4 points
ehrr lli.ni the previous doso. Spot, 4iow
held K» ntivaace. . . .
Vnw York opened nt prices shewing a
S resaease to Hveriioor. early Improve
Initial sales being made at Will
“|„ ever yesterday a Ifnals. The open-
CT however, was the highest of the u.oriv
lie iiiHdlne In Liverpool lielug reflected
Slowly sagging market, with prices
“in.,., ijijlt points lower by mltnlnv,
Ke tSor taking advantage of a light .le-
1,111.1 to haminer the uiorket. (he went her
ti. the belt generally, which Is reporteil to
n most favorable character, being
additional Influence. Tho decline wits
attributed mainly to liquidation by longs.
i,m|Kiratlro receipts at all United Btutes
Ct receipts nt the porta today 25.0SR
(rime day last year., .. ....35,632
».436
•eelpts for the week 136.370
eek last year 215,543
„. 79,173
T.itil rpeell.t. since September 1..209.116
game time last year ..390.886
Pevrease ! 181.310
lv,i night movement for week (Heafert:
1906. 1905.
norland movement 3,947 5.244
greatest since .September 1... 7,643 9.52*
In ,|glit for week 199.694 277.1n2
SU .September 1 320.498 498,833
Superintendent King, of the Sew York
mm* exchange, makes the Into sight
,veinent for the Week 202.293. against 276.625
nsotl, 315,698, against
Private Wire to Ware ft l-olnnd.
Ms nC’t s sr ‘
the L ‘cnhles! k opcne ' 1 Bbo,,t “ vipected on
ShorTeol.HlH *. hur< ' r nf Decern Iter.
a K /* UP . to •°*»e more private
Tone 1,011 1,J Wl 'evll In Texan.
market seems pretty good, ami
woultl rather buy eotton for present
..‘■“fEeator, Ilaggott ft Co. say:
SySrSnA u ^’l* ot ***e moment, anil
It look. an though prlrea woultl work high-
true value of the staple,
auu • we think commitments on the long
HI prove most pmfltnhle for the near
future. It la time for conservative ludgment
to rule, for the crop Is .not flnlshed. and
the demand for autne will continue to bare
Ito Influence on tho future market for some
, Or'cnns, Sept. 14,-Cublea are fnyora
LL. futorea nnd apots. Tho mar
ket ought to do conatderahly better on these
bud on the prospects of bullish week-end
fluiiroH.
The market la quiet and narrow.
eouriie *o far this morning lias Wen dls*
appointing, and It looks ns If Idg hulls
were letting the smaller ones have nil (he
eotton they can absorb. The demand for
spots Is good and offering* are quickly
taken up.
A great «
Is due to t..«. .„ vv „ WI _
Inutles Is late- and exporters’ who depend
ed on early cotton In that sectf
forced to bid In the western tielft.
It l04ibs as If considerable long cotton
was coming oat, which Is checking the
advance.
LIvcrjNX)! cables: “.Market stronger sad
higher in consequence of continued efforts
of bears to cover and large buying by lo
il. continental and Egyptian operators."
Arthur Carroll's Indication Is n crop of
12,000,000. 1
The weather map could hardly lie Im
prove*! upon. Little rain over the licit
is indicated, and temperatures are moder
ately high.
Private Wire to Glliert & Clay.
New York. Hept. 14.—Liverpool opened 3'
a up. Was due 1 higher on distant am
nged on near.
Liverpool entiles: “Market affected fn
vornhly hy hears covering nud Egyptian
hnylng."
I'ndertone Is barely steady at the mo-
_jent. and there seems to he a good deni
of October for sale.
A g«K»4l domestic nnd foreign deinnud foi
stmts keeps the market firm, and It looks
as though the Interior will not sell on de-
dining markets.
Wcninnn. Weld, I>lek nnd Carpenter
Dnggott sold on the opening.
Ulordnn hought Octolier, nnd Fernle WII
in sold Deeemlier.
New Orleans. Hept. 14.—Liverpool st 466
tip Is nn excellent market. Was due about
1 higher. Hpots 12 up; sale* 8.030 Is also
tlsfnetory.
Edited by
Joseph B, Lively
MARKETS
Mr. Lively's twenty.flve
years' experience of ed
iting market* In Atlanta
and tho South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
uttered showers tonight and Saturday for
all of this section. Liverpool cables think
the advance In that market will only be
temporary.
There seems to be more eotton for sale
a the advance this morning.
Today's map Is very favorable. Light
showers have fallen In widely separated
portions of the belt, but the weather Is
very clear and warmer. The unexpeetw.
Improvement In Liverpool, however, should
have some effect on opening prices.
Numerous Inquiries hare I men received to-
ilnv from the other sldo for firm offer*
» understand that one large eximrtcr linv
elved 4ivernlght acceptance of about 8,*
000 bales.
fast .
k-T.r* last . -
Estimated receipts tomorrow:
1906.
Irv Orleans 2.200 to 3,200
iilviMun 11.000 to 13,000 7,748
|;"v Orleans 13,750 to 14,750 11,384
WrsVv interior movement: .
g,-..;,.’t* 11I.UR3. against 153,354 lust year
.,1 null in 1904.
Miiin: -ids W..13
:ii| iri..*•:» in 1004.
W-rk*
>1 KH
At tin*
ir
against 124.033 Inst year
against 183,258 Inst year
compared with yesterday's
New Orleans. Kept, fh—Liverpool spot
sales were again fairly large, 8.000 bales
having been traded In today, while quota
tlotis were market up 12 points. Options
In the earlier trading were strong, and
showed considerable Improvement,, hut to
ward the close were subjected to a raid
which brought final levels to 3 points over
yesterday. Tlie contract market was cxcep-
SPOT COTTON MARKET.
IJuriMNii. cotton, spot nriu; middling up-
;.CI: sales 8,000: American 6,600;
and export 600; receipts 4,000;
Zs-rt.au 3,600.
Atlanta, steady nt Ik* new nud 9%c old.
Nr* York, quiet nt 9.80c; sales 4«5; de-
-hi contract loo. ,
Sew Orleans, sternly nt 9 5-16c.
Aiiu«ra. steady nt b%c.
^uniinnh, steady at 9 1-I6c.
Sr Lulls, quiet nt 9%c.
ll'-imtiiii, sternly at 9 5-16c.
Hin'iiii. ipilet at 9.804*.
M.n.nlik quid ut 9 9-lfic.
M»l-lie. sternly at 9Vic.
N-rftilk. sternly nt 945c.
Charleston, Arm ut 9c.
TODAY’S PORT RECEIPTS.
Th" following table shows receipts at the
jvt* tixlny. compared with the same day
yesterday. Tlie contract market was excep
tionally quiet nnd narrow, nml larked snap,
hut the key to tho situation lies, In the
spot trade. Overnight acceptance* for tend;
era for a considerable amount of cotton and
Inquiries from abroad for firm oILth were
Important development* of the day. Ex
porters nt the moment find themselves In
n rather precarious position, for prompt
shipments must he fnlfllM. and whli* of
fering* are said to he fairly liberal, the
refusal of holders to sell nt any concession
makes cotton extremely dear. The producer
evidently hnviug much confidence In a high
er selling basis, displays no nnxlety to part
with Ids product nt n normal figure This
underlying strength of the npof situation
Imparts much healthful ness to the contract
Tk INTERIOR MOVEMENT.
Tht- following table shows receipts nt the
I'-ri-r tiiMim tinlny eompnrcd with the
9827
3429
187
L J. andersom « CO.'S
DAILY COTTON LETTER.
. ' Xci.t. H.-I.|VIT|HS|| TOnllmiwI
.... . • |Ndnts. The open
ill,,*!• lint sustained. UenllSlIlg
W-ai/' m r n,MO of the big hears
■ tajJT i * PfL’es ilropiNtl off alMHit
uo.m. Tin* ■Hill', bowercr.
n ■*•'"1 nil along ami supimrtlng or-
b tim.. ,n, ° the market from time
n "' VM f, ir the day was little
bprtrti i," 1 ! - v, *"tenlay. l.lght rnlns are
‘U #,,,, “5 < t all stvtlan* of the licit.
»W. i- il '■"••tlnues t«» Ih» iiiIximI, some
"'’iting very favorable pr4>si>c(*ts,
2 u, ; r * M tnte that ileterloratloi) Is
1111 ''.."''il that pros|H*i*ts are not
" hill* It Is generally Indlex eil
market's undertone, nnd while undoing of
hedges ns contracts nre filled may have
a depressing effect temporarily, nevertheless
the oversold condlthip of the market I* a
decided nieiini*** to nay marked shrinkage
from present levels.
WA*E * LELANO-aOA,LY LETTER
Not, Ortwins. Si'pt. 14.-Thn rniirsy of
nrlrns wns n illsnpnolnttnont to tb, trail,
this inoriiliiB. IjikIwiII.v Jpjwmto-r rot on
slionlil hnvo solil nonrrr 9.40 thnn 9.20 on lh«
vorv Iralllsli onlili's from I.lvrrpoiil. lint Irailr
nlnvs very llttls* imrt In tln> cotton ninrkct
nowndny,. Tho franrs Into In tho mirnilnu
met With nlimit tho snmo niwsnro of dlsnp-
polntnicnt ns illil the bulls, for they mule »
strenuous effort to put jirieo, ilonrii, only
to flint their henry offerings esirerly snnp-
TOHl up. One lot of 6.000 December, presuin-
nlilv offered on nn order from New York,
wns sold nt one price nnd Immedlntely nfter
the mnrket ndvnnewl n point or two. It
seeniwl Junt ns hard to P«t priees Wow
9.20 for Ib*cenil*er ns It wns to put It alan
9.30 for the name position.
Private cables explained the rather wide
advance In the Liverpool mnrket. which
was not due on the fluctuations In the mar
ket yesterday nt least, by saying that shorts
were covering nml that local, continental
nnd Egyptian operators were buying. Man-
Chester cablegrams were very optimistic
nnd quoted yarns strong and said that
there was more disposition to buy In the
cloth market. Liverpool hns been the main-
star of the present advance, nnd the parity
between that nnd the American ninrkijt Is
gradually widening to about *> pojntii,
which menus thnt the ultra^professional op'
erntor will soon take to selling In Uverpool
and buying the American markets tin n big
**The It rut of the week-end flkiire, were
bullish, showing a comparatively small
amount of cotton Into-slgnt ft»r t^e week,
which, to mnny 4»|H*rat4*rs. meant that «»t-
ton wns fast piling tip on plantations. Of
ferings from tlu» Interior continued small,
and Sellers still asked very high prices. The
weather could hardly have byn '
danger i»f a cold wave seemnl to have pass-
(Hi and little 4»r no rain wns repiirtetl met
the Iwlt In the weather map.
COTTON SEED OIL MARKET.
Opening. Closing.
BSBr.v.v.v: S%4 M
DwiS'ier’::Sp?
ST—W
May ...... * • • • K 32 632'
Closed stenily. 8nles 400 May nt 32.
GIBERT & CLAY
STOCKS. BONDS,
COTTON. G It AIN,
COFFEE. PROVISIONS
MEMBERS.
ATLANTA. BA.
?f * w B°.«k L”h:^:|urV'^i%«.j'AgSrtt«™
14 «■ Alabama st.
fe S c 23 ISg®: lasWJfiOT’sa'Bsss
^* ctl * nd »-«na DliUnel 5298? ElcU °l^ n. FAOAN, M«n«o«r.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Beil Phone, Main 858.
ATLANTA. GEORGIA
NAME OF STOCK.
Ainnlgnmated Copper.,
Atlantic Const Line.
American Sugar Kef. ..
Anaconda
Americau Locomotive,.
do, preferred. . . .
Aiuer. Smelting lief, .
A.ehu'or fl '. m ' d \ •: :
, -!-*. preferred. . . .
American Cotton Oil.-.
Ara«r. Car Foundry. ..
Baltimore A Ohio. .
Brooklyn llapld Tran..
< niiojlan Pacific. . . .
Chic. & Northweatern..
(Tiraapeoka * Ohio. . .
Colorado Fuel fc Iron..
Leutral leather
.preferred. . . .
EM®- A.flreat Weat'n.
Chic.. Mil. ft SI. I>. . .
gRiSS:::
Illinois Central
Amer. fro Seeurltlea. ..
Loul.vllle ft Naihrtlla..
Mexican Central
Mlaaourl Paellle
Totnl stock soles today, 1,
NAME OF 8TOCK.
. . Y„ Out. & Western'.
National Lead
Northern Pacific. . , .
New York Central. . .
Norfolk A* Western. .. .
Pennsylvania
People's (las
Pressed Steel Car. . • •
do. preferred. . • . •
Pacific Mall
Reading . •
Republic Steel
Rock Island
do. preferred
United States Rubber. .
do. prefer ml
Southern Pacific
Southern Railway. . . .
do. preferred
Sloss Sheffield
Tenn. Coal & Iron. . . ,
Texas & Pacific
Union Pacific. ; .* . . .
United States Steel. . .
do. preferreil
Vs.-Car. Chemical. • . ,
do. preferreil
Western Uulon. . , , . .
Wabash.
do. preferred
Wisconsin Central. . . .
do. preferreil
196.500 shares.
i ll
—sr
79
sat
St
NEW YORK.
The following Is the range In cotton fu*
tnres In New Y^rk today;
Sept. . ,
Oct. . .
Hoc. 1 *.
Jan. . .
Feb. . .
March. ,
May.
< Tinned* steady.
8.94-3$
19.08-08
9.21-22
9.28-29
9.35-36
9.44-45
9.5*58
a
13152
9.004)1
9.13-14
9.24-25
9.83-33
9.38-40
9147-48
9.58-60
LIVERPOOL.
Septemlier..
Following table rivet opening range and
close, comparet! with yesterday's closing:
Futures opened Arm.
Opening Previous
Range. Close. Close.
..6.28 6.26 6.2JH
...6.14 -5.13H 5.12 6.10
.5.m%-5.09 5.06H 5.04%
...6.08(5 6.06 5.04
.6.06(5-6.08% 6.06% 5.04%
.5.09 -5.10 5.07 5.06
.f.11%-6.12 5.09 5.07
.5.14 -6.14% 6.11 5.09
Oct-Nov. .
Nov.-Dec. • •
Dec.-Jan. .
Jan,-Feb. . •
Fe4>.-March. .
March-April. .
Aprll-Msy. .
Mny-June.. ..
Closed easy.
NEW ORLEANS.
tures In New Orleans today:
Sept. . ,
Oct. . .
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March.
Ma;
Closed
steady.
If
T20»
9.18-19
9.20-23
D. 22-23
9.31-32
9.36-38
9.46-46
9.67-59
9.23
9.23-24
9.25-27
9.27-28
9.36 37
9.41-43
9.49-50
9.61-62
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware & Iceland.
Chicago, Sept. 14.—There has been
goo<| undertone to the wheat market the
Inst two days, nnd It looks as though there
wns still n liberal short Interest, which Is
apt to run most any time.
Corn nnd oats also show good strength.
Offerings of wheat nre not large. The
Pit crowd Is quite bullish and are buyers;
ought to tfork up little more.
Mayfield nnd other northwest houses sell
ing wheat.
Weather little more brilliant here, and
causing some selling by those who covered
past few days.
The feature only to corn was the buy
ing of 250,000 Msy by the Cuds hy Packing
Company.
The northwest Is sending In messages to
the effect that their crop greatly overestl
innteil, and will show up very soon.
Coarse grains have loosenefl up some
this morning. jThe Wells crowd appeared
ns sellers, nnd some local longs took prof
its.
Helling of Msy oats by receiving bouses
at the opening and Cudahy brokers selling
Deeemlier enuset! nn easier mnrket. Mnr
ket now steady, with light trade.
Minneapolis stock of wheat decrease 675,
000 bushels for the week.
Cudahy brokers have been selling De
cember oats, nnd there appears to he some
May coming out.
Provisions steady to a shade lower. Scat
tered selling of lard nud ribs by longs.
Undertone firmer. Think It will do to buy
uenrby options on weak spots.
Chicago Inter-Ocean: Home little Im
rovement wan seen jesterdny In the de
mand for rash whent. principally hard win-
nt southwestern centers, but there
was not n great deal of Improvement In
the demnml here from any source. Export
sir * , ,J * —
Jdernhle Immense In the
ex|»ort Inquiry for new com, mainly for
Norember-December shipment.
The strength shown In tne Winnipeg mar
ket In the face of such Inr^l* receipts In
diestes that the quantity sold from tho
Manitoba crop la much larger than the
Canadian exporters were willing to admit.
A buying order for 90,000 bushels of Decent-
Iter wheat was placed at Winnipeg ~ 4
noon Wednesday by n Chicago cash, gi
- — —* “ric
a great’deal of be<!ges being done In that
mnrket against couutry purchases of cash
Duluth continues to charter considerable
vessel room for wheat nnd reports poor de-
mnail for cash wheat. .
Most reports from the country Indicate
thnt the scarcity Is liecomlng an Impor
tant factor In the movement of coarse
grains, especially corn. Hhlppers who have
corn sold for September, loading In the
country, nre clamoring for cars and were
wiring here yestenjav: “We must have
cars to ship our corn.’ . .. .. „
“I have-not bought any oats Individually
or through brokers,*' said James A. l’*t-
inn vMtoriinv. "Yon can say for mo thnt
the report
of December f»nts nnd am still short Is
without foundation. I have never been
short 250.000 bushels Decehil»er onts nt any
time this season, and my short Interest In
Msy I* not large. I do not gee anything to
buy oats on nt present.'*
Private Wire to Albert ft Clay.
Chicago, Kept. ]4.->Although friendly to
the long able of whent. can see nothing
at the moment to warrant an/ further ad
vance, and would take profits on wheat,
>rit nud oats with a view of replacing on a
Chicago Record-Herald: One of the prom
inent grain shippers predicts that the pri
vate elevators will be W turning out
contract corn and selling It In the pit be
fore the month Is out. lie bases Ills predic
tion mi the poor demand he was getting
f4>r cash i*orn, despite low offers made to
the east.
NF.W YORK COFFEE MARKET.
New York. September 14.—The coffee mar
ket opened nt unchanged prices to a de
cline of 5 points, or si suit as due on the
European cables. This snowing was cqs-
slilered a steatlr one. In view of tbenewa.
According to the official cables describing
the comlltloiia of yesterday, there waa
rain In all dlatrlcts of Hao Panto esesnt
one. where It wns cloudy, and this Is
snpposetl to lie Just what Is needed to help
the nrospecU for tbs coming crop.—Albert
* Following Is the opening range and clow
of tbs Nsw Tork coffet mirkst for to
dajr * Opening
Range.
January. . .
February J-g" 6 * 70
March S
April MS**
FROST REPORTS
CAUSE. ADVANCE
Cereals Started Fractionally
Higher on Covciing by
Shorts.
Chicago, Kept. 14.—Manipulation was
again tue order of tht* day In whent. The
northwest coutlnuetl to semi In selling f>r
ders nml poor threshing returns, the hit
ter openly nnd the former umler cover.
The threshing returns attracted general at-
There was a story going the*
that Duluth had sold 5,000,000 husk-
uifli.vW iJUniit lit nun i.v-v.tniy *yu. a iiuriiiciii.
Wheat closcil %©%c higher. Corn %c up
to %0%c off nuil oats %<&%c better. Pro
visions unsettled.
CHICAGO GRAIN MARKET.
Dec 7
May.... 7
CORN-
J *
If III'
PORK
Hept... 17.00 17.00.
Jnu.... 12.97% 13.06
&
$
«K! «vl
1
«* 8ft
»
LARD-
Hept... 8.87%
Oct.... 8.87%
Jan.... 7.75
HIDES—
Hept.. 9.00
Oct.... 8.60
Jnn.... 7.00
8.87%
8.90
7.77%
9.00
8.60
7.02%
8.87%
8.85
7.72%
8.96
•.a
IP
9.00
8.56
7.02%
5-2 %
8.60
6.97%
4’AHII WHEAT—
No. 2 ref! 79072%: No. 3 do 71672%: No. 2
hard winter 71%©*$; No. 3 do 70%©?1.
PRIMARY MOVEMENT.
The following figures show the primary
movement of wiicnt ami corn today:
Wheat—Receipts 1,070,000 bushels, against
F7.000 bushels last year; sblpuieuts 738,000
nshels, sgnlnst 675.000 bushels last year.
Corn—Receipts 487,000 bushels, against 646;-
000 bushels last year; shipments 1.002.009
bushels, against 319.000 bushels Inst year.
NORTHWE8T CARS.
April..
May..
June..
July..
.6.86
.6.86-6.96
f»f5
Aii*n.«.
DSSSBf... V.
Closefl steady. •
CHICAGO CAR LOTS.
Close.
6.704.75
6.754.10
1864.90
190496
196-7.00
7.00-7.06
7.06 7.10
7.10-7.15
6.40446
140446
6.504.65
160466
Today. Tomor.
J. T. IIOLLEMAN, President.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
On, dollar start* an account.
Hsura: 9 a. m. to 6 p. m. Sat
urday* till 9 o'clock at night.
OmCCTOM i
TIIOH. J. PK.EI'I.KB.
W. n. BTOVAI.L. F. JT. FAXON
tv. O. FOOTE. J. T. II01.I.KMAN
CLYDE BBOOKB.J. >1. JOIINBO.N.
EFFORTS OF BEARS
OF LITTLE EFFECT
the Liverpool, spot sales Increased to _____
bales, a ml the future market there shnwetl
surprising strength. English and contlnen
tnl spinners were buying freely In the Eng
llsh market, according to some private ca
bles, nnd the country ivns not only offering
leas freely there, but w*ne actually asking
higher prices. Wire houses bought for
Southern account, and leading spot Inter
ests iMMight the near months. A better spot
demand wns reportofl nt the South, where
prices were 1-16 to %c higher nt many
points. Numerous bullish cro|
received from the Houthwest,
rlous deterioration In the condition of the
crop tlmiugh ravages by w*eevll nnd worms,
shedding anti so on. Bearish crop reoprts
street Interests sold rather freely nt
umes In opposition to the upward move
ment of prices, and there wns more or less
realising. Hut with the buying by New Or
leans - In this market and the coreriug by
the volume of outside busluoss wns notlcen
ble, although trading wns still In the nmlu
of a professional character.—Glbcrt & Clay.
fear having spread tlmt some sort of ..
spot squeese nt Liverpool wns on the pro
gram of current events. Crop news gen
erally was bullish tn one way or another,
nnd Aeorgln buyers were reported iulgrnt
Ing to Texns fn the hope of filling trouble
some Heptcmlier commitments there. In
the Inst nnnlysla, however, the Influences
now nt W’ork In liehalf of better prices are
temporary rattier than permanent In char
acter. Uverpool stock Is small, ami there
Is reason for Itellevlug that thns far ex
porters' requirements nre exceeding the
available supply. Hut the piny Is otil
ginning, nml the friends of the staple
best search the big problems for sure
ground.
factor. Hence there Is special reason for
caution now. Professional scalping, some
trade heilglng nml a healthy tone In the
event the spot situation be not undone by
over-free offerings will possibly teml to
cool the ardor of first-rank speculators for
some day* yet, nml the real test of bullish
strength cannot come until the movement
shall have broadened out Its proportions.—
Ware ft Lclnnd.
LIVERPOOL GRAIN MARKET.
Wheat—Opened %c higher; at 1:39 p. m.,
%c higher to unrhangqi
THE LIVE 8TOCK MARKET.
Chicago, Rent. 14.—Hogs—Receipts toilny
estimated at 16,000. Market mostly 6c high
er; quality fair; left over 3,062; bulk tO.O&Tf
6.45; estimated for tomorrow 11.000; light
$6.2506.67%; mixed $5.9606.62%; heavy
♦u.a.W«6o; rough $6.6006.90; pigs $5.8006.55;
yorkers $6.60©466; good to choice heavy $6.65
06.66,
Cattle—Estimated receipts 3.000. Market
jjf folrj beeves_J3.76lj6.8Q;_oows
$1.2504.8
lltv
2Mi5.
M0; <
ves $6,500
... . . Mnrket
natives $3.25415.65;
xa.lln.,u iff.
Inml.il K7WFI.10; wntrrn
SOUTHERN EXCHANGE
OldMt Eatabllabed Offlc South.
COnON STOCKS BONDS GRAIN
Qround 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
ROntENCC, THE NEAL. BANK
PHONE 1417. PRUDENTIAL BLOC
COTTON^GRAm, ^ROVISISnSStoCKS^ BONDS, i
TIPS FLASHED
From Wall Street
Private Wire to Ollrart ft Clay.
»#w Tort. Sept. lL-Mnrahafi. Spader ft
C.o.: It wouhl not be inconsistent to ex*
pect.Sfime .of the lesser iudustriahi to fesl
the stimulating effect of lower money rates,
but we look for lieat results In the more
active list, nml believe moderate commit-
ments In the coalers and trunk lines will be
profitable.
Looks as If it would be quiet for a few
days, and If money situation clears, will
eventually go higher.
Hear good (hlugs ou Reading and Amal
gamated Copper.
.While the mnrket may not go right up.
It looks good now.
Understand that there hns l»een Inside
■Mlimr «f Atchison on nil strong spots.
The Natloual City hank announces thnt
It has eugngefl $2,006,000 gold for liuiMirt.
a .Dow-Jones states that It Is not likely
there will fn* dividend nctfon on Pennsyl
vania before November 6; that It Is not be
lieved special meeting will be called. Rate
y**L£ € Jl* c,ariH l Ht Ddl Ixwird meeting the
fourth Tuesday In Octolier, or by executlvu
committee on Instructions from the board.
Well kuown that the operating men
the dlrec*~— * **•- - T -
flnnmierg
dividend.
We have the following cable from our
London correspondent; “Wight hundred
thousand jamnds sterling engaged for ex
port from London. Hear $2,(wO,<XH) engaged
for export from Paris."
Think thnt Reading Is n buy now.
..The New York Financial Bureau says:
‘We strongly advocate the position In gen
eral of buying stnndnrtl itocks on reac
tions, when weak for turns, employing mod
erate stop-loss orders. There nre a few
iolnts In sfpnort of this position. In
„__j place, It will be noticed that when
the up limits are npproachtkl, the Insiders
are reluctant to prosecute further advan
tage. On the other hand, that when the
low limits aro near, support Is forthcom
Ing. Within these limitations, specialties
excepted, the trading element has more or
lens control during what we believe to be
a period of building up of a shortage.
The news yesterday on which the reaction
occurred wns merely nn exagse. Tho mar
ket wns simply temporarily overbought.
"* tvs developments this morning sre
t. The deductions we make are
Hy the sflmc ns those of yesterdny-
thnt Is, tliat the large Interests hnvfnji
failed of distribution of nn adequate nn
ture. have plenty of cheap money to carry
stocks for a time around these levels, wish
to keep tin* public Interest, do so by spe
cialty operation, and will, barring a calam
ity, pur the mnrket higher later, when
money Is available for the outside public
MOVEMENT MIXED
IN GENERAL LIST
Copper Took the Lead in
Point of Activity and
> Strength.
OPENED IRREGULAR
Majority of List Showed
Gains, But Trading Was
Rather Uncertain.
at rates sufficiently attractive to Induce a
broad speculation. .
firm. Slight advances, but n more cheerful
feeling prevails generally.
A more favorable bank statement expect
ed tomorrow, nnd sentiment generally Ir
bullish.
Union Pacific Is ex-dividend 6 per cent,
and Its purchase Is advocated on the belief
thnt^ It will be fully recovered by next
There Is bullish talk on Distillers, Car
Foundry nnd other minor Industrials, nnd
It Is thought thnt Southern Pacific should
bo taken on whenever Jammed down.
There Is a tip <yit that Baltimore and Ohio
control will go to Ilnrrlmnu. It Is lu
demand. Would buy Car Foundry.
I)ow-Jones* summary:
American stocks In London steady rather
above parity. w
London mnrket generally cheerful nnd
money outlook there considered clear.
American marines laud nt Ilnvatm. but
nre withdrawn by order from Washington,
except guard for American legation.
Wages of motormen and conductors on
surface lines of Mnnhnttan raised nlT
s round.
Brooklyn Rapid Transit made record In
crease In earnings In first eight dnys of
current month.
Judge Gary returned from Europe.
Daniel O'Day, of Htnudord Oil Com
pany, Is dead.
Home demand for Amnlgnmnted Copper
nnd Atchison In loan crowd.
Twenty-eight roads for first week of Sep
tember show nn average gross Increase of
It nnd otherwise, now altout ,««,vw,w..
Twelve industrials declined .11 per cent.
Twcuty active roads . declined .71 pe
THE METAL MARKET.
New York. Sept. 14.-Tln was easier with
trading moderate nnd at lower quotations.
Copper wns firm nnd unchanged.
Lend was firm nnd slightly higher from
hid prices.
Spelter was firm and unchanged.
MODERN MILLER’S REPORT,
St. Louis. Hept. 14.—Offerings of soft win
ter wheat continue smalt. Advices sre that
little soft winter la held by farmers south
of the Ohio river, It having been closely
marketed. Movement moderate of hard
winter wheat. Nebraska offerings are some-
int smaller.
New Y'ork, Rent. 14.-^To*lay’s market con-
Inued to show the conflicting tendencies or
.jeavy profit-taking In some stocks widen
have recently had a large advance nml
fresh advances In others which for the Inst
five days hove not received so much atten
tion. While these realizing sales hn\e
reached a considerable volume, the selling
was not hurried nor of the sort to cause any
Important weakness. If* merely seemed to
Indicate that now that the marker has
passed through the erlsls of money strlu-
_ risk. Further
progress wns made toward restoring n nor
mal condition In the money market. At the
sub treasury the .banks gnlned another mil
lion dollars on Import gold jidv.in. es and
since Friday the amount now stands over
$16.000 1 000 In their favor. In addltb
can or lime money, uni mien rein
tho same easier position that they occupied
on the previous days.
At mid-day the whole stock mnrket had
become very strong again under the Impulse
of enormous buying of the Reading shore*.
The stock market opened Irregular, nnd,
though fractional galrta were shown In tho
majority of the list, trading wns rather «»f
an uneertaln character. Amalgamated Cop
per took the lead In point of strength and
activity. Rending and Baltimore and Ohio
were the most prominent features In the
early trading. Rending advanced 2% and
Baltimore nnd Ohio moved up 2% points.
Movements In the rest of tne list were
mixed. laondon tiought 25,000 Erie, Southern
Pnclfle and Beading, hut sold Uulon 1'nclfb*.
Governments unchanged. Other bonds are
steady.
LONDON STOCK MARKET.
STOCKS-■
Anaconda
Atchison .,
Canadian Pacific.. .......
Chic., MU. nud St. Paul..
Erie 7 ..
Illinois Central
LouisrJJIe and Nashville. .
Reading ,, ,,,,
Pennsylvania. ..... ....
Southern Pacific
Union Pacific..
United States Steel
do i ■ - • • j
i
3 pm
.FrrT
CloslClos
2H2% 280
10S% 110%
177% 178* *
177 ISO
4S% 48%
172% 1 , #r
150 1150% 151%
'113 143
111% 112%
91%! 91%
193 >4 195%
, 46% | 46%
■ImPjto
THE DRY G00D8 MARKET.
primary houses. I _ .
restricted by the large quantity of
chnndlse on hand for In'unedlate delivery.
Tho acarelty hna extended to lines of tow
eling, qullta and made-up sheetings and pil
low casing. There Is a steady business go
ing on In plaid dress goods. The raw el Ik
mnrket Is firmer. Cotton yarns on coarse
numbers are firmer.
The Journal of Commerce says: “Mcr-
chaudfllng Is being rcutrlctcd In many linen
by the scarcity of goods. Jobbing houses
In and around New York could do mnny
thousands of dollars worth more business
If they had th»* fabrics huyers nre asking
for. The Jobbing house* !>ought freely
enough na a rule, but the demand for mer
chandise has been above the normal, and
the produetlon has been subnormal."
THE SUGAR MARKET.
Sept. 14. —Refined
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.
Prank Hawkins, President.
IL 31. Atkinson, V. P.
Joseph A. McCord, Cashier.
Thomas C. Erwin. Asst Cashier.
II. W. Dyer*. Aset. Cashier.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dsrgan.
John W. Grant,
i!. Y. McCord.
. . . . $200,000.00.
. . . . $300,000.00.
DIRECTOR8: j. il NunnsDy.
Frank Hawkins. J. Carroll Payne.
. M. Atkinson. E. B. Itofsey.
Da
oseph A. McCord.
David Woodward.
W9I. L. PEEL. President.
ROBERT F. MADDOX, Vice President
MADDOX-R UCKER 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
ffnv Tw» CritM Itch iw.
New Orient Ctlln lithnjc
Chlcjgo Board of Trade.
feffflceelML
. liefersteffeeCacieap*
Int* Wkts fe lew York, Ntw Orfeatf. CUeȤo. B. C COTHRAN, 9fauger.
Slndard FAeee 3
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.