The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 15, 1906, Image 11

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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.