Newspaper Page Text
THE ATLANTA GEORGIAN.
11
PRICES HIGHER
Early English Cables Were
jlueh Better Than Had
Been Expected.
yglV YORK- FOLLOWED
Eased Off Later on Decline
in Liverpool—First
Prices Best.
York, Sept. 14.—Bualnoas at the
«enln* of the local cotton market wae
JTriv active and first prices , were
“ a rtv at an advance of « to 11 points
nne with the cables, which were
UUlderably better than due. Shorts
*ere the chief buyers here and In Ltv-
kut a number of commission
Ews were advising sales on a scale
the market has had an advance
Already of some 40 points from the
l0 n”m«il nt the opening this morning
**' ,iLi,ii»dly and unexpectedly good,
Sm-lig advances of 3%G«% In futures,
?hilV ««* 'looted 12 points up on sales
*^S£L > Tnnssi to slump shortly nfter the
and the close was on J03V4 points
SSer than the previous close, Spot, how-
Tstr held If# advance.
New York npeuril nt prices shewing n
S.II miHinae to Mverpool’s early Improve-
£i n r fitttlnl sales ltelng msde st 6BU
’ Mint, over yesterday s finals. The open-
however' was the hlgheat of tile morn-
Sf he decline In Liverpool being reflected
l" a slowly sagging market, with prior.
Smut Wild points lower by midday,
5; awr taking nilvnntnge of n light tie
NEWS AND GOSSIP
qf the Fleecy Staple.
L,„,| to hammer the «n«r k . ct t ,h ® WM 'ber
I, the liett generally, which Is reported to
I, if n most favorable, character, ltelng
I, additional Influence. The decline was
Itldlatted mainly t» liquidation by longa.
fatuimrallre receipts nt all United States
He/^receipts nt the ports today S.06S
lime day hint year ■ ■■35,631
». ........ 9.438
»,17»
Total receipts since September 1..209,118
lime time last year 390,386
Decrease •dSUTO
|Mo sight movement for week^llesterl:
flverlaml movement
1906. 1906.
3.917 6.244
nt since September 1- 7.642 9.628
to sight tor week 199.694 217.162
Have September 1. . ... ..320,498 498,833
Imwlatemleiit King, of the Sew York
mim rxclutiige. miikes the Into sight
SZein f” .fee week 202,293. nimln.t 27*26
kit year. For the season, 315,698, against
KXB last year.
Estimated receipts tomorrow:^
.Tow Orleans
Oilve.lolt 11.000 to 13,000 7,748
Sow Orleans.. 13.750 to 14,750 11,334
Wreklv Interior movement:
.953. against 151
3.136, ngqinst 124,933. last year
, In 1904.
121,986. against 183,258 Isst year
Private Wire to Ware & Inland.
../me iimiui «| up.
jecnb'os^ openwl a,)0ut ns expected on
n i bu yer of December,
wuort covering due to some more private
5ff n ° 0 rt8 “ f deterioration by weevil In Texas.
«£ market «*«n* pretty good, and
would rather buy cotton for present.
..Carpenter, Baggott A Co. say?
fti<S«! , ii 0 a£!,^ l -* A * I 1 " 1 '
er, based on the .. „„ ,„. uc luc
2ii J'm ***lnk wwmltoenti on the long
J"!*" i, nioat Profitable for the near
2«Efc ,t,# to?® tor C0 B*<'rvatIve Judgment
Jhn'si 1 ?* fo . r / the crop . » ot hulsaed, and
•JL e iJS? w,Ml for *? ni « continue to have
influence on the future market for some
h. N 7.S rlMn ! 1 Cables are fnvorn
hie both on futures and spots. The mar
ket ought to do considerably l>etter on these
nnd on the prospects of bullish week end
figures.
The market is quiet nnd narrow,
course so far this morning has been dis
appointing, and it looks as If big bulls
were letting the smaller ones have all the
cotton they can absorb. The demand for
spota Is good nnd offerings are quickly
taken up. -
A great deni of the pressure to buy spots
Is due to the fact that the crop In the At
lantic* Is late nnd exporter* who depend
ed on early cotton In that section ore
forced to bid In the western l>elt.
It looks as If considerable lpng cotton
was coming out, which Is checking tho
advance.
Liverpool cables: “Market stronger nnd
higher In conaeqtience of continue*! efforts
of bears to rover and large buying by lo
cal. continental and Egyptian operator*."
Arthur Carroll's Indication, fa a. crop of
12.000,000.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-five
years' experience of ed>
Iting markets In Atlanta
and the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Private Wire to Glbert A Clay.
New York. Sent. 14.—Liverpool opened 3Vi
a up. Was due 1 higher on distant ami
nged on near.
Liverpool cables: “Market affected fa
vorably by bears covering and Egyptian
buying.”
I ndertone Is barely steady at the mo
mont. nnd there neeras to be a good deal
of October for «n!e.
A good domestic and foreign demand fot
spots keeps the market firm, and It looks
a* though the Interior will not sell on de«
dining markets.
Wenman, Weld, Dick nnd Carpenter
aggott sold on the opening.
Itlordan bought October, and Fernle WII
son sold December. . . ,
New Orleans. Sept. 14.—Liverpool at 466
up Is no excellent market. Waa due about
1 higher. Spots 12 up; sales 8,000 is also
very satisfactory,
night and Saturday for
Liverpool cables think
t market will only be
scattered showers tonight and Saturday
all of this section. I,
the advance in that
temporary. . . ,
There seem* to 1»e more cotton for sale
on the advance this morning. ,
Today’s map la very favorable. Light
showers have fallen In widely separated
portions of the Indt. but the weather Is
very clear nnd warmer. The unexpected
improvement In Liverpool, however, should
C
effect on opening price*.
Numerous Inquiries hsve been received to-
dnv from the other aide for firm offer*
We understand that one large exporter l»a»
received overnight acceptance of about 8,-
000 bales.
0,MRT ^daTly'cotton letter.
New Orleans, Sept. .14.—Liverpool spot
sales were again fairly large. 8.000 bales
having been traded In today, while quota
tions were market up 12 points. Options
In the earlier trading were strong, and
showed considerable Improvement, but to
ward the close were subjected to a raid
Mm Which brought final levels to 2 points over
—-.-ii. yesterday. The contract market was exeep-
Lpiupared with yesterday • tlonnllvqulet sml narrow, nnd lacked snap,
but tlie kev to the situation lies In the
spot trade. Overnight acceptances for tend
ers for a considerable amount of cotton and
Inquiries from abroad for firm offers were
Important developments of the day. Ex-
porter, nt the moment find themselves lit
n rnther precnrlous position, for prompt
shipment, rnn.t he fulfill,"], nnd while of-
ferine. nro snid to Ih- fairly liberal, the
refined of holders to sell at sin- eonoesslon
mi,he. eottnn extremely deor. The producer
evidently having much confidence In n high
er .clllnc lin.ls, display, no anxiety to port
with III. product nt a normal flXUrc. Thli
underlying strength "? the spot *Uoatlon
Imparts much licnlthfulness to the contract
mnrket'a undertone, nnd while undoing of
SSSllpt ns contracts are filled may. Save
a ilenreaslug effect temporarily, nevertheless
the Oversow condition'of the marketI to n
ricclilcd mciinee to nny marked shrlnkngo
from present levels.
SPOT COTTON MARKET.
UreriKMil. cotton, spot hrm i middling tip-
burl. Mies 8.000: American 6.6M;
sn'iibilmi and export 600; receipts 4,000;
Ant'd,an 3.0)0. , .
Atlanta, steady nt 9c new and 9%e old.
Snr Y„rk. .inlet nt 9.80c; sales 476; de-
Ktrnd „u contract 100.
NVw orlcntiN, steady nt 9 5-16c.
Anjufita, xtciidy at Jt%e.
Sivniiunli, steady at 9 l-16c,
Ht. I.oiils, 4|ulct at 9%c.
Ilmuton, steady at 9o-16c.
ittwMii, qnlcl nt 9.80c.
Mmiihls. quiet at 9 9-16c. •
Mobile, steady nt 944c.
Norfolk, steady nt 9%<*.
Chnrtcstoa, firm nt 9c.
TODAY’S PORT RECEIPT8.
The following table shown receipts nt the
jort* May, compared with the same day
1906
19%
Xw Orlraus
Oalrntoii
Uoi.lb-
fcraaiinh
&irif«ton
R'll.iilngtoii
.
I*li ini4ir.‘. . . . V. .
hri-t:! ,
Enimrli’k .
hfUtinvlUe
Mifflin iiwhi*
3435
12332
288
7022
962
684
174
100
’in
1894
10992
538
10670
8064
1781
2808
8
8466
60
108S
Totnl ,
25088
36632
^ INTERIOR MOVEMENT.
To<* following table shows receipts nt the
■•mor town* today compared with the
dnv i,int year:
1906
1906
Houston.
10365
9827
3281
8455
!™.i'W,
102
187
S: N«
131
40
51
182
Total
13930
18668
WARE * <-ELAND:8DA...Y tETTER
l-J. ANDERSON 4» CO.'S
. DAILY COTTON LETTER.
tfl tfiT s,, i'L 14.—Liverpool continued
V"!!"" 1,1,8 iimrnliig. apota advanc-
it*.., , Future* nlao opene*l
Cf? “I 1 '"'' 2 to 5 points. This strength
.. , market induced otira to open
• ■•nance «»t 10 points. The opening,
*,11,,' v ' ri1 ^ not sustained. Realizing Im-
Wal t ini w ‘ t ,n ’ n,8 ° of the big boars
. ,,K Prices dropneil off about
J,f n ? I'V The decline, however,
lUn I I s "H along nnd supporting or-
t„ tii,". M, ’ nl Into the innrket from time
fJKft, n, * WH for the day was
t S , fr ""! yesterday, f.lght mb
m 1. n .'' n, " 8t “R uctloni of th<
ii„n' VH .i , " n,,nut '* to Ih* mixed, houic
ting very favorable prospect*.
«b-,* "* h ^s state that deterioration la
J [' ''li. m, d th "t pn»i»eeta are not
Wh,,p ,8 generally bellevwl
Prospects of n good yield.
mL i" ' “/'T * rt re4lui*e estimates, and
^(•prehension |* lielng shown by
little
Inn are
the l»elt.
Kew Orlenns. Rept. 14.-The enurm of
prices was n disappointment to the bulls
this morning. logically .Pf pe,n, ’ e £v
should have sold nearer ? J
very bnlllsh cable* fram Llverpiml. bot logic
nlnra very little part In the cotton market
nowndnvs. The l»eara late In tho morning
met with about the same measure of disap
pointment ns did the bulls, for tbp T "‘•J?.*
strenuous effort to put -SSlf
to find their heavy offerings eagerly map-
Sd up. One lot of 5.000 December, presum-
ably offerc<l on an order from New \ork,
was sold nt one price and Iaftur
the market advanced n point or two. it
seemed Just n* hard to put price* jgjj
9.20 f4ir Decemlier na It was to put It above
9.30 for the same position.
Private cables explained the rather w de
advance In the Liverpool market, which
wna not due on the floctagtlona bi the twr*
ket yesterday at leaat. by saying that snorta
were covering nnd that local. c o, V ^,D Cy*!J ,
and Egyptian operators were buying. Man-
cheater cablegram* were very optimistic
and quoted yarn* strong and »M that
there wna more disposition to buy in the
cloth market. Liverpool has been the main-
atay of the present advance, and the parity
between that and the American market fa
gradually widening to about pojnta,
which menus that the ultra professional op
erator will soon take to selling in Liverpool
and buying the American maraeta on a big
^The firat of tho week end figures were
bullish, showing * co !® r }'H v ^L £25?
amount of cotton Into-slght for tne weeK,
which, to many operator*, meant that cot
ton waa fast piling up on plantation*. Of-
ferlngs from the Interior continued <dwII.
and sellers still asked very high pfjees. The
weather could hardly hare been m*tter. The
danger of n cold wave seemed to l»*ve |w»»*
ed rind little or no rain wna reported over
the l»elt In the weather map.
COTTON SEED OIL MARKET.
Opening.
September. .......
October
November.
December.
•January. .
March. . . ^ _
^ Closed steady. Sales 400 May at 32.
GIBERT & CLAY
- ALABAMA AT.
STOCK*.
[fcj«k
_ BOND*.
COTTON. GRAIN.
COFFEE, PROVISION*
MEMBER*
ATLANTA OA.
F" w *ork
Private Wires to all Exchanges. - A/5AM Uaiiani ,
• n <* Uno Dlstsno. Tslsphons 5298. W. FAGAN. Msnso*r.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
NAME OF STOCK.
Amalgamated Copper..
Atlantic Conit Line. ,.
American Sugar lief. ..
Anaconda
American Locomotive..
do, preferred. . . .
Anier. Smelting Kef. .
, do, preferred. . . .
Atchlaon
; do, preferred. » . .
American Cotton OIL .
Arner. Car Foundry. ..
Baltimore Sc Ohio. . ..
Brooklyn Uapld Tran..
Canadian Pacific. . . .
j'hle. & Northwestern..
Chesapeake & Ohio. . .
Colorado Fuel & Iron..
Central Leather. ....
do, preferred. . . .
CliSt Or.at YVest'a.
Ch c.. Mil. & St. P. . .
fiftamrs ft Umlxon...
Ulstlller s Securities...
Erie ”
Illinois Central
Amer. Ice Securities. .. ,
Louisville & Nashville.. ,
Mexican Central
Missouri Pacific
10844
’35’ _
40941 41
U9%( 121%
SC I 80% 79'
17744 17744! 377
TH44;
64%'
210 I 211*41
C-14 64'-, 0.,,-*
67V4 57\\ IB
— 40 i 3S»\
6384
XJ\
c-
112%! ‘11594111244
145U 14344 144
136% 136% 136%
2S2‘4; 282*4, 2^1%
72 72 I 71**
U2441 U2%
156 Si' 156U 151%
115% 117%
1-18*4 108%; nth*-
..... 100% 10044
36% 35% 33%
40% 40%' 40%
121% 121441 H944
80 80 SO
177 177% 17744
211%) 21044 210
63%, 63% 6344
51 I 36%; 56%
39%' .*5»7 b 39%
-I 1774
176%| 177%' 177%;
216441 224 | 223%
65% 68% |
OA-jt iv
48%| 48% 4:
7744 77% 7!
i?2ii| 1
m
NAME OP STOCK.
N. Y., Ont. & Western.
National Lend
Northern Pacific. . . .
New York Central. . .
Norfolk & Western. ..
Pennsylvania. .....
People’! Gna. ......
Pressed Steel Car. . .
do. preferred. . • •
Pacific Mall
Heading .
It* public Steel
Bock Island
do. preferred. . . .
United States Rubber.
do. preferred. . . .
Bouthern Pacific. . -
Southern Hallway. . •
do. preferred. . . .
Sloes Sheffield. ....
Tenn. Coni &, Iron. . • -
Texas Sc Pacific
Union Pacific
United Stiiti-s St.-t-L .
do. preferred.
Western Union.
Wabash
do. preferred. .
Wisconsin Central,
rio. preferred.
NEW YORK.
The follouilfm; Is the range lo cotton fu-
tnres In New York today;
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Ware A Leland.
Chicago, Sept. 14.—There ha* been
good undertone to the wheat market the
last two dny§, nnd it looks aa though there
was still a liberal short Interest, which is
apt to run most nny time.
Corn nnd oats also show good strength.
Offering* of wheat are not large. The
pit crowd Is «mlte bullish and are buyers;
ought to work bp little more.
Mayfield and other northwest houses sell
ing wheat. %
Weather little more brilliant here, and
causing some selling by those who covered
past few day*.
Tho feature only to corn was the buy-
Ihg of 260,000 May by the Cudahy Packing
Company.
The northwest la sending In messages to
the effect that their crop greatly overesti
mated, nnd will show up very soon.
Coarse grains hare loosened up some
this morning. The Wells crowd appeared
na sellers, and some local longs took prof
its.
8elllng of May oats by receiving houses
nt the opeulng and Cudahy brokers selling
December caused an easier market. Mnr-
?t now steady, with light trade.
Minneapolis stock of wheat decrease 675,-
000 bushels for the week.
Cudahy brokers hare been selling De
cember oats, and there appears to be some
May coming out. v
Provisions steady to a shade lower. Scat)
tered selling of lard and riba by long*
Undertone firmer. Think It will do to buy
oearby options on weak spots.
Chicago Inter-Ocean: Home little lu
provement waa seen yesterday In the de
mand for cash wheat, principally hard win
ter, at southwestern centers, but there
waa not a grent deal of Improvement In
the demand here from any aoarce. Export
houses claimed that their best bids on
hard winter for shipment by way of gulf
borta were l%Cfl44c* out of line.
Total stock sales today, l.BMwi shares,
iStt
S3
T4
T
106%
41%
8*
"i
46H
45H
45H
51
6074
ToiS
LIVERPOOL.
Following tnl-lp give,, opening ranee and
close, compared with ycstrnlnj'i cloalax:
Futurea opened firm. ■
Opening Prerlon,
. , Range. Cloae. Clone.
fiepteml>er 5.28 5.26 E.KV4
Hept.-Oet 6.H -6.1814 6.12 6.10
Oet.-Nor B.0S14.5.W 6.0614 5.M-4
Nor.-Itee 6.MV4 6.06 5.<H
Iirc.-Jnu. • ■ . . .6.06V,-5.06V4 6.06V4 6.04V4
Jan.-Feb. , . . . .5.00 -6.10 6.07 5.06
Feb.-March 5.1IV4-6.12 6.0, 5.07
Mareb-Aprll 6.H -6.14*4 5.11 6.00
April-May 6.16 6.12V4 5.10V4
Slar-June .6.16 -5.17V4 6.14 5.12
NEW ORLEANS.
Tbe following la'the radge
turea In New Orleana today:
Nov. , .
Dec. . ,
Jan. . .
Closgfi steady.
9. si
9.18-19
9.20-23
9.22-23
9.31-32
9.36-3S
9.46-46
9.57-59
M
9.28.
9.25-27
9.27-28
9.36-37
9.41-43
9.49-50
9.61-62
PBOSI REPORTS
CAUSE_ ADVANCE
Cereals Started Fractionally
Higher on Covering by
Shorts.
Chicago, Sept. 14.—Manipulation waa
again tne order of tbe day In wheat. Tbc
nortbweat continued to n-tul In telling or
der! nnd poor tlireahlng return., tbe lat-
ter openly and tbe former under cover.
Tbe tbreablng returna attracted general at
tention. There wna a alory going the
rnnndt that Duluth bad told S.000,000 liuab-
el» of Klimt for export In the neat few
dny», but It turned out to hnYe boon thr
eatlmate aent out by Tho Duluth Commer
cial Record of tbe talot on tbe crop—4,-
000,000 lmnbcla nnd 1,000,000 No. 1 northern.
Wheat clooed ViOVK' higher. Corn 14c up
- lilt" out! S®V4c hotter.
CHICAGO GRAIN MARKET.
get in me race or nuen inr;,» receipia in*
dlcatea that the quantity sold from the
Manitoba crop la mnrh larger that! the
Canadian exporters were willing to admit.
A buying order for *0,000 bushel, of Decem
ber wheat waa placed at Winnipeg at
noon Wednesday by a Chicago cash grain
firm and left open without price limits for
twenty-four hour., helnx finally canceled
liecauao of the luabllltr of the raeelrer of
the order to execute It. This was l
aa fnlrly good proof that there waa
a grent deal of hedges being done In that
market ognlnat country purchases of cash
wheat.
Duluth contlnnea to charter considerable
tant factor In the movement _
grains, especially corn. Khlppera who bar,
corn oold for September, loading In the
country, are clamoring for ran and were
wiring here yesterday: "' v - * —
a to ship our corn.
I hare not bought any oata Individually
or through brokers." aald Jamea A. Fat
ten yesterday. “YonTan ady for me that
the report that I bars beef a large buyer
of December oats and am still short la
without foundation. I hare nerer been
short 250.000 bushels December oat, at any
time this sea ion, and my abort Interest In
May is not large. I do not ae, anything to
buy oat, on nt present."
Private Wire to filbert * Clay.
Chicago, Kept. 14.—Although friendly to
the long aide of wheat, can see nothing
at the moment to warrant any farther ad-
ralice, and would take profits on wheat,
corn and oats with a Hew of replacing on a
*4»tbm*k. ... .. _ ...
Chlrngo Record-HwaM: One of the prom
Inent grain shippers predicts that tha pri
rate eleratore will lie bnsy taming out
contract com and selling It In the pit be
fore the month la oat. lie Imsc* hla predie-
tlon on the poor demand he wss getting
for eaah corn, despite low offers made to
tho east.
NEW YORK COFFEE MARKET.
Xew Yorh. Keptemlier 14.—Tbe coffee mar
ket opened at unchanged prices to a de
cline of 6 points, or.shout ss due on the
European cables. This showing was efio-
entered a steady on* In view of the news
According to the official cables demrthlng
the conditions of yesterday, there was
rein In nil districts of 8oo Fanlo except
nne where It was cloudy, and this Is
supposed to be Jost what la needed tobelp
tbeproapectg for tha coming crop.—Olbert
Following l» the opening range and ckwe
of tha Naw York coffee market for to-
d * 7: Opening
t45.«6 «.7?C7S
6.664.70 6.764.00
January. . •
March t2.es
June * ••5'32'S
Anxuat.. .. {‘S' 7,00
September.s
gwNf ?S*t*
Novembor..
>«H*eml»er... .WO-fioo
C'kwed steady.
8.8*4.90
8.99496
8.96-7.00
7.00-7.06
7.61-7.10
7.10-7.15
(4M.fi
6.40445
8J0456
8.60485
CHICAGO CAR L0T8.
Wheat.,
’orn.. .
Oats.. .
’tints.. ,
for today
Open.
WHEAT-
?fc fli.
Mny 43%
OATS—
Sept 32% 82*
Dec 3274 88
Sept... 17.00 17.00
Jan.... 12.97% 13.06
LARD-
Sept... 8.87%
Oct.... 8.87%
Jnn.... 7.75
SIDES—
Kept.. 9.00
Oct..,. 8.80
Jnn.... 7.00
CASH WHEAT-
I ¥ I P
I I I I
tg 1 if*
7.77% 7.72%
9.00
4 .60
.02%
8.96
9.00
8.66
7.02V4
8.9744
8.60
6.97V4
hard winter 7144073; No. ( do '
PRIMARY MOVEMENT.
The following figures show tbe primary
movement of wheat and corn today:
Wheat-Receipt* 1.070,000 — —•--*
977,000 bushels last /ear; at
bushels, against 675,000 bush
Corn—Receipts 487,000 busbcis, against
000 Imsbels (stt year; shipments 1,002.00
bushels, against 319,000 bushels last year.
NORTHWEST CARS.
lie following figures give the nortbweat
i of today, Tail week amb Inst year:
I.ast L
Today. Week.
J. T. IIOLLEMAN, President.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
One dollar starts an account.
Hours: 9 a. m. to 6 p. m. Sat
urdays tilt 9 o’clock at night.
DIRECTORS t
TIIOH. J. PEEPLES,
W. B. STOVALL. F. J. PAXON.
W. O. FOOTE. J. T. IIOLLEMAN
ULYDE BROOKS, J. M. JOlINHON.
EFFORTS OF BEARS
OF LITTLE EFFECT
New York, Sept. 14.—The developments In
the cotton situation yesterday were not
very palatable to tho bear. For one thing,
llsh market, according
eats 1 >ought the near months. r . . r ..
demand was reported at the South, where
prices were 1-18 to %c higher at many
points. Numerous bullish crop reports were
received from the Kouthwest, telling of se
rious deterioration lu the condition of the
crop through ravages b/ weevil and worms,
shedding nnd so on. Bearish crop reoprta
were received from the eastern section of
the I>elt, as well as aome parte of tbe re
gion west of MisHlssIppl. Lending locnl and
wall street Interests sold rather freely nt
times In opposition to the upward move
ment of prices, nnd there was mors or less
renllalnfi. Rut with the buying by New Or-
Icftn* in this market and the covering by
nervous shorts the efforts of the bears had
little effect, especially na aome Increase In
the volume of outside business wna noticea
ble, although trading was still in the mslu
of a professional character.—Glbert A Clay.
New Orleans, Sept. 14—The Tlmes-Demo-
crat anya: Covering by shorts rnther than
Investment buying caused yesterday'* cot
ton market to close at the day’* high tevel v
or aome 60c a bale above the final figures
of the prevlons session. Behind the bears’
waning confidence was the strength of tbe
•pot market and the seal with which buyers
all over the South gathered In all offerings.
Further, the cablegrams brought news of
active buying of actual qottou abroad, the
fear having spread that some sort of n
■pot equeexe at Liverpool waa on the pro
gram of current events. Crop news gen
orally was bullish lu one way or another,
and Georgia buyers wero reported mlgrat
Ing to Texas In the hope of filling trouble
seme September commitments there. In
last nnalr “
nt work I
her thnn net
, ool stock is aninil. and there
It ronton for belli-rlns tbnt thus far
portera' rnjnlrementa nr, exceeding
nrnllnbte tunplj. Hut tha play It only
(tinning, and tbe friends of tbe staple had
licit .enroll tbe Mg problems for sere
ground.
At the
tbe near crop nor tbe fullness of tbe new
season's requirement. Is the dominant price
factor. Hence there le special reason for
rautlon now. I’rofeulonnl .cnlplng, «ome
trede hedging and a healthy tone In the
event the epot situation be not undone by
orerefree offering, will noulbly tend to
cool the ardor of first-rank speculator! for
aome days yet. ind tbe reel teat of bullish
strength cannot come until the movement
•hall hare broadened out Its proportions.—
Ware * Leland.
LIVERPOOL GRAIN MARKET.
hlohcr; at 1:» p. m.
64@64c higher; closed %c lower.
Cern—Opened nnehnnged: at 1:30 p. m.,
He higher to unchanged; cloned He higher.
TtlE LIVE STOCK MARKET.
er: quamy rnir; icn over 3,1*2; bulk W.ibV
6.45; estimated for tomorrow ll.ono; 11 ah
•m 8.000. Market
iJ2.754S6.IO; ci
26; calves 16.1
lie— Estimated receipts
steady; quality fair: beeves !
ll.Sfll.*: heifers 8i.J7Ht(5.25; calves 16.60®
8: good prime steers 8S.*oe6.W: poor tp me-
dlum 8a.teo5.26; Stockers and /enters (2.266
Hheee—Estimated receipt. 7,000. Market
Steady; qaallty fair; natives 68.264iS.f5:
western t2.SH5.66; yearlings 85.70U6.40;
lambs t4.75C8.l5; western t4.76es.15.
SOUTHERN EXCHANGE
Oldest Established Office South.
COnON STOCK-- BONOS GRAIN
Ground Floor Oould Dolldlng. Dally
market latter and market manual
mailed on opplleatlon.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondut's Capital $250,000
REFERENCE, THE NEAL BANK
PHONE MIT. PRUDENTIAL BLOC
WARE & LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Ntw Orient.
jRE & LE
UN, PROVISIONS,
tf«. 2 Wall SI., friers Buildlog. Atlanta. Ca.
KUiKMSt
Hrm fart Cation Itcbanaa. Chicago Board of Trada.
Hew Orleana Cotton Catbange. Chicago Slock Cachaage.
Llterpoo! Cot'oa Ataodatlaa. He* York Collet Exchange,
frleale Wires to Hew Yoik, Haw Orleans, Chicago. 6. C COTH8AN, M»naatf.
grid fhoaa 1362.Slaadard PhaaeJAL
TIPS FLASHED
From Wall Street
thing* on Readlug and AmaJ
— ——-...J, Spade;
Co.: It would not be incouilatent to
the Imw Indu*trlala to fee.
tho Rtimulatlng offoot of lowor money rnton,
luit we look ror host result* In the more
notli-e lint, and believe moderate commit-
menta In the coaler* nnd trunk line* will be
profitable.
Look* it* If it would be quiet for a few
day*, nnd if money situation clear*, will
eventually go higher.
Hear good 4 * *—
•gaumted Coj.....
While tho ranrket may not go right up,
It look* good now.
Understand that there ban been Inside
selling of Atchison on all strong *pot*.
The National City bank announce* tha
19 ha* engaged $2,000,000 gold for Import.
Dow-Jone* *tntes that It Is not llkeL
there will be dividend action on I’ennsvl
vanla before November 6; that it I* not be-
Ileyed special meeting will be called. Rate
will be declared nt full hoard meeting the
fourth Tuesday In October, or by executive
committee on Instruction* from the hoard.
Well known that the operating men on
the directory favor the present rate, and
financiers on the board on extra or higher
dividend.
We have the following cable from our
London correspondent: “Wight hundred
thiainand pounds sterling engaged for ex
port froth London. Hear $2,0o0,000 engaged
for export from Paris,”
Think that Reading Is a buy now.
ernl of buying standard
tlons, when weak for turn*, employing mod
erate stop-los* orders. There are a few
strong point* In nfpport of this position. In
the first place, it will be noticed that when
the up limits are approached, the Insiders
arc reluctant to prosecute further mlvnu
lug. Within these limitations, specialtli
excepted, the trading element na* more l_
less control during what we believe to he
a period of building up of a shortage.
The news yesterday on which the reaction
occurred was merely an excuse. Tho mar
ket was simply temporarily overbought
The news development* this morning are
different. The deductions we make are
stocks for a time around
to keep the pnhllc Interest, do so by spe
cialty operation, and will, barring a calam
ity, put the market higher later, when
money Is available for the outside public
at rates sufficiently attractive to Indue# a
broad speculatlon.’ r
■ ro Jt, Tj muui
_ Ion steady to
firm. Slight advances, but a more cheerful
feeling prevails generally.
nnd Its purchase Is advocated on
that It will be fully recovered by next
week.
There Is bullish talk on Distillers, Car
Foundry nnd other minor Industrial*, nml
It Is thought that Southern I’aclflc should
be taken on whenever Jammed down.
There Is n tip out that Baltimore nnd Ohio
control will go to Ilnrriinan. It Is In
demand. Would liuy Car Foundry.
Dow-Jones' smnmnry:
American stocks In Loi
above parity,
ondon steady rather
money outlook there considered clear.
American marine* land at Ilnvittm, hut
are withdrawn by order from Wanhingtou,
except guard for American legation. .
Wnges of motorracn and conductors on
surface lines of Manhattan raised all
around. *
Brooklyn Rapid Transit made record In
crease In earnings In first eight daya of
irrent month.
Judge Gary returned from Europe.
Daniel O’Day,. of 8taudard Oil Com-
tember ahow nn average gross Increase of
12.21 per cent.
Gold engagements ngalnst special depos
it and otherwise, now about 825,000,000.
Twelve Industrials declined .11 per cent.
Twenty active roads decltucu .71 per
c6nt.
THE METAL MARKET.
..*jr York. Rept. 14.—Tin was easier with
trading moderate and at lower quotations.
Copper was Ann and unchnnged.
Lend was firm and slightly higher from
bid prices.
Spelter was firm and unchnnged.
MODERN MILLER’S REPORT,
8t. Lou!*, Rent 14.—Offerings of soft win
ter wheat continue small. Advices are that
little soft winter Is held by farmers south
of the Ohio river, It having been closely
what smaller.
MOVEMENT MIKED
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.
New York, Sept. 14.—Toilny’s market con
tinued to nhow the conflicting tendencies of
heavy profit-taking In koihc stocks which
have recently lmd ft large
tlon. While these realizing sales have
S enched tt considerable volume, the selling
•ns not hurried nor of the sort to cause nny
Important weakness. It merely seemed to
Indicate that now that the market has
passed through the rrlslH of money strin
gency, the larger speculative Interests who
have freely lent their support, propose to
secure some reward for their rlHk. Further
progreM was made toward restoring a nor
mal condition In tho money mnrket. At the
sub-treasury the hanks gained another mil
lion dollars on Import gold nrivunreK nml
slue# Friday the amount now gtnrnls over
$15,000,000 In jhclr favor. In addition
this, $2,000,000 more r ^ “
morning as engaged I
At mid-day the whole stock market had
become very strong again under the Impulse
of enormous buying of the Reading shares.
The stock market opened Irregular, and.
tongh fractional gains were shown In the
injority of the list, trading was rnther of
nu uncertain character. Amalgamated Cop-
par took the lead In point of strength and
activity. Bending and Baltimore snd Ohio
wore the moat prominent features In the
early trading. Bending advanced 2% and
Baltimore and Ohio moved up 2U points.
Movements in the rest of the list were
mixed. London bought 25.000 Eric, Southern
Pacific and Bending, but sold Union Pacific.
Governments unchanged. Other bonds are
steady.
LONDON STOCK MARKET.
STOCKS- |
Anaconda. . . . . i ,.
Atchison. ......... „
Canadian Pacific.* ,. ....
Chic., 3111. nnd Kt. Faul..
Erie
Illinois Central
Louisville and Nashville. .
Reading
Pennsylvania
Southern Pacific
Union Pacific ..
United States Steel
do. preferred
2 pm
4«% 48%
173 1173%
150% 151%
143 |H3
141% i 142%
94% 94%
193%i 195%
46% I 46%
106% ■ 107%
THE DRY GOODS MARKET.
New York, Sept. 14.—The dry goods i
In
primary bonne*. Jobbers' trade Is being
restricted by the largo quantity of mer
chandise on hurnl for limbedlate delivery.
Tho scarcity has extended to lines of tow
eling, quilts nnd made-up sheeting* and pil
low casing. There Is n steady business go-
lug on In plabl dre** goods. The raw silk
market Is firmer. Cotton yarns on coarse
numbers are firmer.
The Journal of Commerce says:
n and around New York could __ _
thousands of dollars worth more busl
If they had the fabrics buyers nro asking
for. The Jobbing houses bought freely
enough as n rule, but the demand for mer
chandise has been nbove the normal, and
tho production has been subnormal.''
THE SUGAR MARKET.
New York, Sept. 14.—Refined nnd raw
sugar steady and unchanged. London beet
market firm; September 10s l%d; October
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.
Frank Hawkins, President
H. M. Atkinson, V. P. Thoms* C. Erwin, Asst. Cashier.
Joseph A. McCord, CacMer. R. W. Dyers, Asst Cashier.
Third National Bank
Capital
Surplus
Dr. A. W. Calbouo.
Milton Darcan.
John W. Grant.
!!. Y. McCord.
$200,000.00.
$300,000.00.
OIRECTOR8t
Frank Hawkins.
II. M. Atkinson.
Joseph A. McCord.
, Carroll Payne.
WM. L. PERL. President
ROBERT F. MADDOX, Vice President
MADDOX-RUCKER BANKING COMPANY.
CAPITAL ............ $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. IVe invite
you lo call and inspect them.
Title Guarantee and Trust Co.