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

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THE ATLANTA GEORGIAN. TIP AY, 8BFTEMBBB 15. 1906. 13 cotton opened L gyrnpathized with Gi cater Weakness Than Expect ed in Liverpool. partial RECOVERY Closed at About Highest Prices on Covering by the Shorts. v.n York. Sept. 16.—The local cot- ‘ market started 4 to 8 points lower , with cables, but following the •it rallied a |)olnt or so on the active 'Slow The decline In the English market' was due to freer offerings from the The cotton market was dull today, .Itort sessions In all the speculative festers being the chief cause. t ivernool, to start with, was much l,,«r than expected, spot showing a decline of 7 points and futures some 6 l "Sfv York opened 4 to 8 points low er in sympathy with the weakness rtoa/1 ill Liverpool, and on the Ideal weather reported from the cotton prices acted tho reverse of yes- ..rd'av however, the opening being at practically the lowest point of the ses- ’‘rhe visible supply statement was Stili sh and eotton Is not moving to ms-ket In sufficient i|unntltles to give ths’bears the encouragement necesasry In carrv large lines over Sunday, hence 1 short session today was devoted Z-tlr m covering by this element, and , opening call prices worked SStslly higher, the cTosc being at {Sut the highest,' bet unchonged to 3 ’comparative receipts' at alt United States ports: Receipts at the ports today, g^me day ta*t year lutafreceltps since 'sept V..! ijSMM game time last yenr -414.63d . 24.411 ,«C»,146 1906. \>w Orleans ■ • 4,800 to 6,000 Galveston." ....11,000 to 12.000 gfatm 9.600 to 10,600 1906 2,264 18,726 16.374 SPOT COTTON MARKET. lirert-ml. nolot ami easier; uiltlilllfig up- 5.50.1; sales 6,000: American WOO; spsc. lUtbm ami export 500; receipts Auier* lain l.W. Atlanta, steady nt 9%c. New York. Millet nt 9.80c. New orluiim*. quiet nml steady at ao-m. Auffiuta. quiet nt Mte. Savannah, quiet nt 9 );16C* Si. IsMiIm. quiet nt 9*c. quiet nt 9.804*. quiet nt 9 9-18c. Baltimore. nominal nt 9%c. I'hilnib lpliln. steady nt 10.06c. NEWS AND GOSSIP Of the Fleecy Staple. i Wire to Ware & Leland. lurk, kept. It.—Liverpool futures easy, 4 down. At 1*:30 p. m., ty; nd 64/5H down an Igte. Private Wire to Ware.* I. opened down on the 'inle-t- Bales 5.UM snots. 7 downr'nt 5.56.1. p utures due rvift3H down. A private Urerpool cable says; “Cause 'he decline here Is south Is offerlug more freely this morning." tottou oi>ene<l about us expectod. Tbers J2f , hi-avy selling by couiuilsslon houses, anil hwsl spot people sold some cotton here. 1 be offering of .pot. In l.lreriHtol Is .up- posttd to horn affected the market unfa- voraldy there. Look for a .inlet market. It ordnn aold itlionl T.S60 lieeemher at 9.16. weld took a good port of them. Thenet stock of cotton la New Oilcans la 19.120 iMles. against 40.632 Inst year. The amount of cotton on shlplamnl Is 1.634 hales, "gslnst 6,074 Inst year. hollowing Is the statistical position of cotton on Friday, September 14. as madu “I 1 1*T The New York Financial Chronicle: It Is said Hutton, Weld and Mitchell are buying on the expectation of Miss rilles reioirt lielng very hulllsh. It It eg- P*£teil to he Issued early next wceb. Wilson la offering 2,600 December at 9.20. This • Last Last Week. Week. Year. ....1.74S,n3.' 1,732.669 2,635.253 . . 016.032 663,100 1,601,23 . . 337,026 12T60S 636,286 . . 210,420 — . . 139.621 . . 249,651 ... 76,978 115.231 ■ 91,809 Interior'stock*. . . 131,033 Edited by Joseph B. Lively MARKETS Mr. Lively’b twrenty-flvo years' experience of ed iting markets In Atlanta nn«l the South has made him n recognized au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Visible American. . , Crop in sight. For week. . . Itit. shlpmen 137.50H 78,061 307.747 73$ 09,377 100,711 389,403 215,738 449.5r 12J.1I 150,717 3W.212 175,170 N<*w Orleans, Kept. 14.—Cables nr« unfa rornbta. although most brokers mil Imth the visible supply statement ami The Chronlrle's weather summary bulllah. The weather map Is again very favorable. No rnln and moderate over the cotton belt. Private Wire to Glbert k Clay, New York. Kept. 15.—Liverpool dost about C points lower. Was due 3ft lower. Liverpool weekly cotton soles 47,000 bn lex; Aiuerlenn 33,000: export 1,500; speculation 2,100; f4 ' actual ex|»ort 3,000; receipts . 15,000; t4itnl sto6*k 327,000; Aiuerlenn 234, 000: stockn afloat 75,000; Ainerlcuir 58,000. New Orleans, Kept. 15.—Llrerpool at down Is disappointing. A decline of points was expected. The Times-Democrat: "The talent res led yeatenliiy the ilangers of over-con! dence at this particular time, mid the coi In small volume anil ambition of the daring sort was not lu evidence af all. Kecretnrr Heater's meekly statletien. tabulation points out thnt while the 1906 movement Into sli * a NEW YORK. ? . The following I* the range In cotton fu- 7 lure* In New York today: n 6 I 3 a I II § a . Wept Dot • Nor • Dec : Jan • Feb. . . . . » Mareh. . . . i . . . 9.ii ' *•'. ; o.x 9.S2 9.37 iu7 D.ii 9.29 9.32 9.44 o.v: *9*16 9.26 9.32 9.37 *9.M P MI 9.42 s.ii-it 9.15-K, j.r 9^3 9.23-24 9.25-27 9.27-28 IZS 9.49-60 9.61-63 Closed stead?. TODAY’S PORT RECEIPT8. The following (Hide shows receipts nt the ion. today, iumparcd with the same day l»l yeor: 1906 1906 Xtw Orlrana (Stlmtoo. ..... . llflMlr Novannull. ...... rtuiripgtmi. . . , . . Wilmington Norfolk Button llrltlc const 2664 .12310 946 1071 281 *200 996 7748 1C66 13701 2799 2614 2783 39 Tidal 24413 29146 INTERIOR MOVEMENT. The following table hIiown receipts lit the IniFrlor town* totlujr. coiupnred with the •aim* day Inat year: i 1906 1906 lluutnn 14280 11884 Aapwtn 2221 4196 Bftnphl* 53 141 »!. ImiIi 460 Badsmtl W 167 Total 17050 15880 CIBERT & CLAY’8 DAILY COTTON LETTER. J>» Orh-niis, Rent. 15.—Liverpool cables Y** eiH’ournglng todsy. and the de- J'T. ,u „°Pd' ,n " was generally attributed S*.*'.'"t'lntlon «f * f«*w tangs anil to a, f'l|intnry heavier movement of cot* mi. mnrt> tavornbb* weather has ' taslii* prices were 6 points lower 2*i the previous ilay, and stmt lost 7 F!2i *’i»onntlng to 1,000 bales. Ear- rwirs ion. nil pointed to a lower mar- •vl* ** JoivcriHMii was disappointing, and alrit.n . b ' r . •'Y “ ,,Pnf * *»nt prices ruled re- yrubi, stcmiy and recovered almost all fjJT decline on tb« strength of "I tan lion. Every bale of desirable SJT 1 *m|ekly purchased, but the move- 2; U k'‘ • r, ‘ t rnn not tm exited Urge, as BK ‘.'F that exporters are tl* 1 i , ‘ r "* , l° 'Dtriculty In supplying ZLvT 1 f *‘ n,,M * r “hlpmenta. ^8i»ecuUtlon Is Hr'" 1 * « non-exlstlna nuantltr. and t hns^thi that at times the contract 5™? uppeurance of completely ' fii'if P ” strength of the % staple. •• *M»nr.-i rtJTtl'I n , l,vnn tnge temporarily Inflnencet ,or co,t '’ n wo»'“'*'"y THE dry 00003 market. «T>L 15.—Th, dry gowls trade Pdt i2nii,li ' r - complaining of y*m» ‘ V 1,1 "‘'I 0 sheetings. Cotton ■Miiatiw ,J 1 ) ' ,r ‘'« ,, R*'e, bur wltho , i»‘ any ST v'S 11 "! In prices. Raw wool was * flip niT r l V“d buyers, who have l»een g thP iSlrM, 1,1 I nr *c«* numbera, complain »*-. 4Hirp f y rr| D' °f many lines tor quick set ... to sight Is much smaller than for the snuie. period In 1906 and 1904, snln- nert* takings compare favorably with 1906, nnil are more than 100,000 bales lu excess of the 1904 showing.” Market Is very steady. In spite of bear '* **“ —7. however, Bradstreet’ai Review says: “Cotton fab. rlcs easily lend tho Hat of textile prod, nets, which report n very active denuujd. Cotton innimfncturerH are optimistic." groat (tamunil. Bnowery weather has some whnt retarded picking this week. Today’s map Is very favorable, with lit tie or no molsturo recoriled. Weather con ditions are generally clear and tempera tures normal The Influence of favorable weather anil • a illanppolntlng Liverpool should exert some pressure ou prices. WORLD'S VISIBLE SUPPLY STATEMENT statement . 4 -- . - aupply of cotton for the week ended yesterday shows an Increase of 10.412. sgalnst on Increase of 82.284 last yenr and an Increase of 72.506 year Before last. The total risible la 1.751.M1, against 1.- - * . * 12 Inst yenr an<l r. Of this, Is 919,661. n total of American eotton 872.249 lqst week. 1.812,662 last year am .... 110 yenr l»efore last, and of all other kinds, Including Egypt. Brasil, India, etc.. 832,000, agnlnst 800,OCO Inst week, 834,000 last year nnd 584,000 year liefore Inst. The total world's visible supply of cotton as above shows an Increase compared with last week of 10,412. a decrease compared with laat year of 895.001 and an Increase compared with year before, last of 623,* Of the world's visible supply of cotton, ns above, there Is now nflont and held In Great Britain and continental Europe 784,* 000, against 1,427,000 last yenr and 584.000 S ear before last; in Egypt 27.000. against 1,000 last year nnd 47.000 year before Inst; In India MS.OOO, against 549,000 Inst yenr and 104,000 year before Inst; nnd In the United Htatea 376,000, against 636,000 Inst yenr and 293,000 year before last. SPINNERS’ TAKINGS AMERICAN COTTON gn-ratarr llrater give. thi> Inking, of American ration hjr tka aplnnera of tha worlil for the naat work aa follow.: Tbta week 152.008 lhl» year, agalnat 157.- OK laat rent nml 126.000 year before Inal. Total alnoe Septemlier 1 thla year 315.000. nxalnat 329,000 Uat year ami 204,000 the year '"of^thla. northern aplanera nml Canada took 33.000 tin Ira thla year, nxalnat 44.000 laat year nnd PLOW) the year liefore; Miith- ern iptnnara W.Joo. nxalnat 85,WO laat y«r •nil 60.800 the year before inuil foreign apln- nera 194.000, axaln** 1*6.000 lait year nnd 106,000 the year liefore. ROSIN-TURPENTINE PRICES SLASHED Harannah. <ln„ Bept. 14 -The natal xtorea market wan nluioot In a demorallaad condi tion in the late trailing thla afternoon, prleea for aplrlu turpentine and nlao for roaln belnx alnahi-d. There a no apparent renaon for the tendency, na thla la tho aea- Hin of the yenr when prleea ahould xn hlxh- er. Within the pant three day. It haa aeeni- od that the eompetltlve demand bad and- 11 The aplrtVr*market opened at 6366244,. nnd doaeil nnlet nt 6044®*Ie. Once Ilurinx the week, the price waa 4314c. In the late tradlgg this afternoon, sales were made at (Sc, 0014c and 60j4c Kj»mc factors declined to part with the r boldliifs at 60r, which was the best bid they re ceived for unsold lots. By every tokeii the Imttom of the market has l^en reach* ed, aud It Is to lie expected that a brisk demand will enrry prices the coming week around 62Hc, which Is certainly no more tb Boalns ,,, were also hammered (luring the week, the close of the market today wit- S?slag decllnea In almost every grade, the mlea being hardest hit. In the late trail* (ill ihu ■fonioiiD. urlees were slashed NAME OP STOCK. . Amalgamated Copper. . . Atlantic Coast L4ua American Sugar ttef, .. . • Anaconda . American Locomotive.* . . . do, preferred. . . *.p Amer. ftineltlug Kef. . . . do, preferred. Atchison. • • . • . . do. preferred. American Cotton Oil •Amer. Car Foundry Baltimore A Ohio. . .... x... mu, n oi. r. . . . ilBRUTfea::-: Brit do, preferred Oananl Rlaclrie ■Illnola Central. . . , , . Ara.r. Ice Kecurillea. .. . Lonlarlllc k Naabrill... . Mexican Central Mlaaonrl Tactile , w - jo. pn Total stock snlea t(H ny. S90.290 shares. NAME OF STOCK. N. Y.. Ont. & Western. . Nntlf'iinl Lend Northeru l'aclflc New York Central. ... Norfolk 9c Western. ... IVnnsylranla. < I’eople'a Gas. ........ Pressed Steel Car. . . . , do. preferred.-. . . . Paetfle Mall. . .-. r . . . . , Bending teraAr 1 :::::; do. preferred United States Rubber. . . do. preferred Southern Pacific. . . . . , Southern Railway. . . . . mu&flfe;: "oal & Iro : Pacific. . Va.-Car. Chemical. do. preferred. . Western Union. . . Wabash. ....... do. preferred. . Wisconsin Central. referred. .. LIVERPOOL. The following table gives the opening range and close, compared with yesterday's close: Futures opened quiet. Opening Previous Range. Close. Close. S.pt.mh»r., 5.225.19 6.19 6.24 Beptembcr-October. ..5.06-5,06 6.06 5.12 October-November. *. .5.02-5.00% 5.00% 5.06% Noveraber-Deeeojhcr. .5.01-6.00 6.00 6.06 Decemt>cr-Jnnunry. . .6.03-5.01 6.01 6.06* January-February. . i-April. .5.07-6.06% 5.06Vi to HESTER’S WEEKLY COTTON STATEMENT Secretary lleste*. of the New Orleans cot* ton exchange, In his weekly statement of last of 26,000, and an lucrease over the same time In 1903 of 114,000. The amount brought Into sight during' past week has l>een 199,6199 ust 227,152 for the seven ‘ this date last yesr; 225,864 year nml 85,642 same time lu 1108; «uk. »»*r iue fourteen days of Kepteml>er. It has l»een against 496.m last year, 379,390 year receipts nt all United 8tates porta of _ 116, ngalnst 364,764 Inst year; 276,838 year liefore last, and 63.407 Nine time In 1903. Overland across the Mississippi, Ohio nnd Potomac rivers to northern mills and Can ada 7.642. ngnlnat 9,528 last year; 75.662 year before last, and 218 same time In 1903; lute* rlor stocks In excess of those held Hep* tetnlter 1 at the close of the commercial year 15,740, agnlnst 49,249 last year: 36,745 yenr liefore last, nnd 21,843 same time lu 1903; southern mill takings 88,000, against 85.820 last year, 60,161 jrsar before last, nnd 29,789 w _ j ym 1,789 same time In 1903. Foreign exports for t have been 129,468, against The total takl ‘ north, ao**th and mills. CLOSE WAS HEAR BOTTOM PRICES Wheat, Cora and Oats Left Oft at Small Frac tional Declines. Chicago, Sept. 15.—Some of the big wheat ahorta of Minneapolis and Du luth wera on the buying aide of tho market early causing a better tone. Thla wax helped by the unfavorable weather up there and the fact that the shorts seemed to be less sure of their poattlon in the market. Conditions changed In the. pit as the day wore away and there were net losses of l-8c with the close around the bottom prices reached. A bug run of. wheat was promised by both northwestern points season have lieen 121,589. sxalnat 131.231 list , or Monday renr. Btoekr at the seaboard anil the tw«n- — „ ' — .... - The English visible supply Increased 360,000 bushels for the week, against 'tr-nlne lending southern Interior renters have Increased during tbs weok 59.150 bales, sxalnat an Increase during the correspond' Inx period Inst season of 137,707. nml nri now 291,190 less tbnn at thla date In 1904, Including stocks left over at por-s and ..iterlor towns front the last crop . -*■- number of halea brought Into slgL far from the new crop., the snpply to data It illLiti. against 943,964 for the same pe riod last year. :i,- • . ■ i. THE CHRONICLE ON CROP AND WEATHER New York. Kept. IL-Advlcet to ns by te. K rnph from the South Indicate that rain s fallen In most localities during the past week, but there are no eomplilnta of A- motive precipitation or* that picking has been mnterln4l.v Interfered with. Deteriora tion la referred to In our reports from Ala- luma, and our Aitgitals corronpnndent asys the crop In that vicinity Is four weeks Inter than last yesr. New cotton Is moving more freely, but not as rapidly as a year ago. COTTON MOVEMENT DURING PAST WEEK For the week ended. yesterday, Superin tendent King, of the New York exchange, gives the movement Into sight as follows: Wsskly Movamant. Thla rart receipts. ■ . . . ....ut>97 Overland to mills and Can- - ads 4.S4 Southern mill takings tea- •tlmntedl 4e,300 ■ 10,000 Osin of stock at Interior • 1*-31* l*-' 3 * T*aat 866 Ilronght Into right for the week 502.W Total Crop Movamant. l-ort remlpts.. .. .. .. .. ..311.C4 Overland to mills and tan- >-613 Boathern mill Ukltigs (estl- mated) 06.000 Stock at Interior towns in excels of Heptemlter 1.... 30,133 376,525 331,492 8,153 7LOOO go,in .315,596 5T7.I06 in* afternoon, pricoa were alafcheu reeklrariy *IMther tban accept the decline,. Two factors preferred to carry over. The one lit '"■■f'd "> V'wm.M GIBERT & CLAY ■ Alabama it. STOCK*. SON 09. COTTON. OK AIN. CO FFCC. PROVISIONS ATLANTA, OA. ft* ExebangalNew OrieanaC* ton 5«0» B **TT : ! , Jf!£J,i I rSTioo < AMSciatlon 1 *"tl Long DlaUn*9 r Talaiihone“529a! KlCtl * n V?; R. FAOAN, Manao«r. Al -0NZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. WARE * daVly cotton letter. the*7ratnre’ nnd waa of sufficient volume to Imd to a recovery of all the loss that followed a sharp decline In Uverttool prices. The undertone showed considerable streitgth. sud while Decemlier sold « Itvw as 9.14 early, large blocks were traded In early at this figure on short covering, and the desire to liny proved such that later In the day Deeetnlter sold at 9.30 and 0.31. there, by rm-orering all the day’s decline. Weak- ness In f)etober was a feature during the sharp break at the opening, bat Inter on the demand for October by those who were nicking up spot cotton end selling Inter months, restored the difference previously existing. There seems to lie enough demand for cotton at present Ogares to preveot vory much of g decline, and we continue to reel thnt on such breaks as took place this morning, cotton can he bought with inf",,. Several operators who have been S, the short ride am now buying cotton for lietter prices, and It Is not Improlwhle that Prices will lie higher before the next bureau report, which will be made oni re- Ew a toe^spot COTTON SEED OIL MARKET. September. October. . November, December, January. March. M "-foaed steady. LIVERPOOL ORAlfC MARKET. . Whcat -traesed ancknngsd; cloned 1 U Corn -Opcmd’and'closed unchanged. an Increana of 810,000 bushels • year ago. The French crop report, as sent out by the bulletin dispatches Halles Is smaller than last year. 343,400,000 bush els, against 1,130 000,000 bushels a year ago and the natural weight 63.3, against 61 and a fraction lost year. Corn closed l-8<?3-18 lower. Oats were l-8c’up to 1-8 up and pro visions were without marked change. Cash sales here wero 40,000 wheat. 50,000 bushels corn and 80,000 oats. Ten loads wheat, 5 loads corn and NEW ORLEANS. turet In Sew Orleans todayi Rapt. . . . . Oct. Nov. Hoc. Jan. Feb. H8? L .v: Ui o.ii 1 » 9.40 9.50 teaa/. i xm 8.91-1*2 9.04-06 9.20 ■ 9.27-28 9.35-38 9.41-44 9.56-66 8.91-94 9.00-01 9.12-14 9.24-25 9.32-33 9.38-40 9.47-48 9.68-69 30,000 buahela oats at the seaboard were taken. Printary receipts were 9,316,000 bush els wheat for the week and 4,921,000 re spectively a year ago. CHICAGO GRAIN MARKET. Icsgo * for today Open. Rlgh. WHEAT— SgE SHIP 1=1 a 111 SK:::: a .8 Sept... 16.95 Jan.... 13.00 LARD- Sept... 8.90 TIPS FLASHED From Wall Street .*>-** luia, iot-jH, u. — r iii.iin i.it Further Imlltah operation* neem likely to us In the at.H-k market today. The (tank state- nient aliodlil |m a k«mn1 one. The money flurry yesterday may lie explained by two iIiIiik'k: waiting too long for lower rates that •11*1 not tillin' nnd n carrying over till Mon day. Tho money ei unit Ion In New York I much Improved. It does not justify a broad bull market yet, but siM-ctaUles uiny bp ad vanced, and the specialty program soejnt to lie governing. We would buy the standard stocks as n rule on reactions of moderate extent, taking fair returns on the bulges nnd giving particular attention to special ties. Expect spec which would take profits and awslt reac tion. The Gates crowd la bullish on Realty. The bank statement, not as good ns ex pected. .Surplus 68,000,000 over requirements. Private Wire to Ware & Iceland. New York, Kept. 15.—Ixmdon shows small advances and n favorable bank statement la expected, with surplus reserve showing a I tout 60,000,000. Sentiment continues bullish aud Is llk< thnt Beading will lend the market upwni . although' more or less realizing can bo looked for all through the Ust, the usual week-end evening up. Would not Im* surprised to see Missouri i'srlflc cross par. and should stimulate the balance of the Southwestern rails. Would buy the smnller Industrials if by any chance A1 -~7 should Im hammered down. , stlllera a very bullish feature., Market displays strength. Coppers look higher. buy Biscuit. Bending U „ arply i._ rrn Psrlflc acting well. 'ect balance of If It breaks ahai r market. Boathern Itaw-Jones* summary: Total jolil move* ©rage net Increase of 17.33 per Twenty-eight roads for the f Twenty-seven roads for July show * 17.33 per cant. ' Irst week In MPHTmIhh I>er cent. Dun's revltw says volume of trade con* tlnuea beyond precedent for the period, and there are no Important labor struggles to handicap progress. Bradstreet's says trade and crop reporta are uniform and an Immense business Is dug In the West and Northwest, r Banks gained on week's eurrcncy move ment 614J96.7 | 0t, all derived from deposits against gold engagements. Twelve iMdustrinfs advanced .62 per cent. Twenty active roads advanced 1.07 per cent. LONDON STOCK MARKET. !:S* SIDES— T::: §:H Jan.... 7.00 8.92% 8.90 7.75 IS T.00 8.87% 8.93% 8.87% 8.90 7.72% 7.75 3.96 8.96 m W *?714 8.60 6.97% PRIMARY MOVEMENT. The following flgurea give the primary movement of wheat and corn for tmtay: Wheat—Receipts 1,078.000 bushels, ngalnst 892,000 last -yesr; ahlptneuts 463.000 bushels, sgalnst 497,000 bushels last ret Corn—Receipts 560,000 bushels, O00 bushels Inst /ear: shlpm<-in>> bushels, sgalnst 302,000 .bushels last„year. NORTHWEST CAR8. UNION SAVINGS BANK Four Per Cent Inter est Paid on Deposits ASSETS $150,000.00 On. dollar .tart, an account. Hour.: 9 a. m. to 6 p. m. Sat urday. till 9 o'clock at night. DIRECTOR* l w. n. 8T"vAi.i;. , F.'j ,, 'i-AXON. Minneapolis. northwest ... t year: I*ast last Today. Week. Year. Duluth 411 CHICAGO CAR LOT8. Today. Tontnr Wheat 84 7* 353 747 Ont, 217 806 llttga loom 37000 NEW YORK BANK 8TATEMENT. Thu weakly .taicturat of the Nrw York Dank Aaaaclatlou ahowa the following change,: 93.300 3,726.500 25,000 Not aa good •• expectad. SOUTHERN EXCHANGE Oldest Eatabllabcd Office South. COTTOH STOCKS BONDS GRAIN Ground Floor Gould Building. Dally market letter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 ncrencNCC, the ncal bank PHONE 1417. PRUDENTIAL BLAG STOCK8— Amalgamated Copper, *. . Anaconda ..... Atchison do, preferred Bsltlmnre and Ohio. . Canadian I'acIQc Chesat>eake and Ohio. . Chic., MU. aud Bt. l'aul.. Brie do. preferred Illinois Central. I/iulMvIUe and Na Missouri, Kansas l do. prefsrrad... .. .. w York Central. . . . Northern Paciflc Norfolk and Western. . . Ontario and Western, j . Pennsylvania. ........ Rending. „ It(H'k Island Southern l'aclflc Southern Railway Union Pacific , United States Steel. . . do, preferred AT T£ OPENING Reading Was Most Promi nent Feature in the Day’s Trading. ADVANCED SHARPLY Baltimore and Ohio Ex tremely Active, Selling Highest Ever Sold. THE COFFEE MARKET. Tha following tnldn glvea thft oponlng range nnd clone, compared with yesterdny'a March April May June., .. .. July Anen.I.. ,. Hentemhcr.. October.. .. November.. December. doted rirady. Rain, 61,750 ligia. New York, Sept. 15.—Lust week'* deficit of 36,000,000 In bank reservoa waa, according to anticipations, con siderably more than wiped out In to- day'a returns. Yet the figures fall short of showing the week's gain In cash. Specie holding* are up *s.o2.'>,- 000, legal tenders down 333,200, and the combined reault la again less by 36,000,000 than yesterday, preliminary eatlmatea suggested. The statement, of course, falls by a long way to record the full strength of the local banking position. Correction of the error Is, aa usual, left until next week. Loans, however, thanks to the Inpouring of foreign and out-of-town credit, have decreased 315,000,000, and an increase of 310,114,000 Is thereby shown In the surplus Item. The market during' the two hours of today's business was ex tremely Irregular and showed rather heavier profit-taking than It had yes terday. Union Pacific, Atchison, the Steels and Copper were freely sold all the morning. But to offset tills, Read ing was marked up nearly 4 points further and Baltimore and Ohio and Pennsylvania were kept very strong. After the appearance of the bank state ment prices were shaded pretty gener ally, but the presence of a powerful support was apparent In tho closing dealings and prices at the end were again pointing strongly upward. New York, Sept. 16.—Rending was again tho most prominent feature In the stock market trading this morning. The crowd In It was by far the largest on the floor of the exchange. Orders for lota of 6,000 shares were numerous. This buying forced an advance to 1531-3, against 1481-2 at tile ylose yesterday. The eelltng was almost wholly to take profits. Later realis ing caused a reaction to 151 5-8. Tho buying was based wholly on an as sumption that a coal land holding com pany would be formed. Baltimore and Ohio was also extremely active anil strong, advancing from 123 to 124 1-2, the highest price at which this stock ever eold. The buying was practically by some houses, the heaviest purchas ers of Reading. Erie was strong, sell ing at 49, against 48 3-8 In tho early trading. There was a good demand for Pennsylvania, Delaware and Hudson and New York Central. Government bonds were unchanged. Other bonds quiet. The market closed steady at a slight advance from the lowest price. THE SUGAR MARKET. New York, kept, 15.—The local rr fined and raw tttgnr markets sternly nnd un changed. London beet unchanged; .Septem ber 10s 3d; October 10* 2 ! -d. ATLANTA NATIONAL BANK ATLANTA GA. C. E. CURRIER, Preeldent. A. E. THORNTON, Vlce-Preeldent. H. T. INMAN, Vlee-Preeldent. GEO, R. DONOVAN, Caehler. JAMES S. FLOYD, Aeet Caehler. Capital 6500,000.90 Surplus and Undivided Profits $500,000.00 k We Solicit Your Patronage. 31 % Compound Interest ie the rate your money will draw If depoilted In the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $600,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and Impact our quartars and Invastlgata our facilities to serve you. A hearty welcome await* you at thla bank. ASA G. CANDLER, President. W. H. PATTERSON, Vlce-Pree. A. P. COLES, Caehler. JOHN 3. OWENS, Vlce-Pres. WM. D. OWEN8, A lit. Caehler. COTTON^G^AI^, ^RWIsIonsStoCKS^BONDS, Ate. 3 Will SI.. Mill Building, Mull, da nUK For r«» Cllloi luhiigu. CUtigo 8«»4 .! Tufa So 0,l.l.i Cllloi fictligt. CHciw SlotB iicbiigt. Unmet UtsUritla _ Cell,if«*;•**. flltllt Wins It B«r Yllt, Biw Orlnil, CUtigi. *• C COTMIAB, Minin. Bill Non 1333. Slliiiri Him ■ - 11 r™ JAMKti G. US8TKK, Aiolltnut Ctahler. MADDQX R11CKER 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. HUBBARD BROS & CO., Kins Atlanta Offices. 219-221 Century Building* Members New York Cotton Bschange, New Or leans Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof fee Exchange. New York Produce Exchange. Business solicited for the above exchanges. Direct wire service. Correspondence invited. Phones 454, Long Distance39. A.S. Hus tree. Mgr. Safe Deposit Boxes For rent in our Vaults in ibe basement of the Empire {Building for only $5.00 each per annum. Absolute Security and all Modem Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co.