Newspaper Page Text
THE ATLANTA GEORGIAN.
bau/Tidat, snrTKMnnn 15,1m
13
1908
1906
Sew Orlrsns
Calrentiui
Mobile
StVKtHt.tll
ninrlcEton. ......
Wilmington
Norfolk
Boston .
1’lrltk* ronut
2154
12310
948
5643
S3-
281
*200
996
7748
1566
13701
2799
2814
2783
39
Total \
24413
29J46
INTERIOR MOVEMENT.
Tlio following table shows receipts At the
Interior town* ttxlnjr, compared with the
«me day last year: A
. 1906
1905
Houston
Aagnsta
Memphis
8t. Uil*
Cinrfnnntl
14280
2221
53
460
78
11384
4196
141
*W7
Total
17000
15880
ami opeied
SUM WEB
Sympathized with Greater
Weakness Than Expect
ed in Liverpool.
partial RECOVERY
Closed at About Highest
Prices on Covering by
the Shorts.
K ew York, Sept. IS—The local cot
toil market started 4 to S point* lower
‘ Mne with cables, but following the
,°,1 rallied a point or so on the active
noll(in“ The decline In the English
was due to freer offerings from
ihe South-
The cotton market was dull today,
.hort sessions In all the speculative
5.0 era being the chief cause.
Liverpool, to start with, was much
lower than expected, spot showing a
decline of 7 P° lntB ftnd futures * ome *
'"v'v York opened 4 to 8 points low-
sympathy with the weakness
cfown in Liverpool, and on the Ideal
weather reported from the cotton
Zii Prices acted the reverse of yes
terday however, the opening being at
practically the lowest point of She ses-
Sl The visible supply statement was
.,.111,h ami cotton Is not moving to
market in sufllcl.ent quantities to give
the bears the encouragement necesasry
0 carry large lines over Sunday, hence
he short session today was devoted
mostly 10 covering by this element, and
Sttrthe opening call prices worked
gradually higher, the close being at
.bout the highest, net unchanged to 8
'"comparative receipts at all United
States ports:
Receipts at the ports today
Sime day last year.. ..
Decrease... ... • •• •••••
Total receltps since Sept. 1.
Same time last year
. 24.411
..28.148
.. 4,113
...233.528
.414,532
1905
2,264
18,725
15,374
Decrease • ■ •' •••
Estimated receipts Monday:
1908.
Yew (Means • • 4,300 to 6,000
Galveston 11,000 to 12,000
Houston 9.600 to 10.500
SPOT COTTON MARKET.
Liverpool, 'inlet and easier: middling up-
k»ti 5.VSI : silos 5.000; American 4.400; spec.
B'umupI « xport 500t receipts 9.000; Amer.
bn LOOP. ■ . •
Atlanta, stonily nt 9\4e.
Xe» York, 'inlet nt 9,80c.
Xeir Orleans, quiet and steady at 9 6-16c.
Annuls, quiet at 9J4e.
Sarantufa. quiet nt 21-lOc,
St. Lulls qalet at »e.
,BMton, quiet at 9.Mc.
llnnslnn, stondy at 9 516c.
halrentim. tlriu at 9 5-16c.
Wllmhiaton. steady nt 91-169
Menq.hU. quiet nt 9916c.
Bslllmore. nominal nt me.
Mdladelphln, stonily at 10.C6c.
TODAY’S PORT RECEIPT8.
The following table shown receipt! at the
mti today mpnrod with the name day
futures
Private Wire to Ware & Inland.
New York, Sept. It.-Liverpool
lened easy, 4 down. At 12:» p. ui.. 6447
down on the near nijd 541514 down on late,
and. qnlet. Polos 5 1 00q._«pot*, 7 down, at
opened easy, 4 down.
J own on the near mu
ud qnlet. Balea 5.00a spots, 7 do*
8fd- Pntures due 2H63'A down.
A private Liverpool cable aaya: *
uf .the decline here la south Is otferlng
more freely this morning."
Cotton opened about na expected. There
vrai heavy selling by commission houses,
mill local spot people sold some cotton here.
The offering of spots In Liverpool Is sup-
nosed .to luvu nffeetcd the market unfa
vorably there. lAHik fur a quiet market.
Itlonlau sold abotil 7.600 Ilnember at 9.16.
Weld took a gooil part of them.
. stock, of cotton In New Orleans
Is 19.120 hales, against 46,632 Inst yen- The
amount of cotton ou shipboard la ',534 bales,
against 6.074 Inst year.
KollovHng la the atatlatlcal position of
cotton on Friday. September 14, na made
up by The New York Financial Chronicle:
«t Is said Ilntton, Weld and Mitchell
arc-buying on the expectation of Mlaa
Utica’ report lielug very liulllah. It Is ex
pected to-be Issued early next week.
Wilson la offering 2,000 December at
9.20.
Thla last L Last
Week. Week. Year.
...1,748.032 1,732.689 2,635,253
. 916.032 863,699 1,101.235
. . 337.926 127.506 “ —
, . 210.420 127.506
. . 139.621 72,061
. 249.651
■f'S
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years' experience of ed
iting markets In Atlanta
and the South has nude
him a recognised au*.
tborftjr In hfs specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Visible
American. . ,
Crop In sight.
For week. . .
Port receipts.
Port stocks.
Bxports. . .
Interior receipts. . 115,'.
Int.' shipments 94,009
Interior stocks. . . 121,033
207,747
63,777
W.277
100,711
216.738
449,612
122.181
160,7171
dence st this particular time, and tj*e
tract market declined In spite of the
6IBERT A CLAY 8
DAILY COTTON LETTER.
W Orleans, Sept. 15.—Liverpool cables
IT* , eiji'iiuraglng today, and the de-
In "I't ons was generally attrlbnlcil
nL'f'Jklul'Intlon of a few ionga aud to
,h- s', vi n iew mug* nuu iu
jne st/rlpatory heavier movement of rot-
.that more favorable weather baa
losing prlcea were 6 points lower
previous day, and spot lost "
Bi sales I'lii'iintlna to K (XV) boh
!t* J 11 ;. a ... ie.. were
the previous day, and .... .
rf, U K '. "' 4’nountlng to 5,000 bales. Bar-
yjMleniion. all pointed to a lower mar-
the U t.l'erpnol was disappointing, and
' " E " ,r "Hent, but prlcea ruled re.
,. .r !llr steady and recovered almost all
"Paalng doellne on the strength of
«ttITi' ’'"“'len. Every kilo of desirable
Is quickly purchased, but tbs move-
SLl!.!” 1 '-an not be called Isrge, ss
BS"'* T general that exporters sre
K,« rons.derable difficulty In aupnlylng
“gM'iemher shipments. Speculation la
J’tely a non-exluting quantity, and
^"loentl.v price changes hare such s
mrb! that at times th* contract
Si?' “"A 'he appearance of completely
RoIlJI. .logical atrength of the staple.
Ml ml:.? fl111 comprehension of ths gen-
i™,,. 1 ' 1 ?" .seems to exist, for there Is
JWsrent desire on the part of ahorta
advantage temporarily Influences
n ^lMhe ™,'Jp n |y. for co,ton “omentarlly
THE DRY GOODS MARKET.
, S T'' 1S —The dry goods trade
boycm complaining of
Urn* ««. r t-V 11 sheeting*. Cotton
- innpg *ctlye. bllt W | tbon r any
^ _ __ unfa
rorable, although mo*t hrokera call botli
the visible supply atntenient and The
Chronlcle'a weather luminary bullish.
The weather map la again rery favorable.
No rain aud moderate over the cotton belt.
Prlrata TT.ie to olbert * Clay.
New York. 8ept. 15.—Liverpool cloaed
about 0 points lower. Waa due 3*& lower.
Liverpool weekly cotton ntAtlstlcs; Week's
ilea 47,000 halea; American 33,000: export
1,600; apeculntiou 2.100; forwarded 48.000;
actual export 3,000; receipts 17.000; American
15.000; total atock 327,000; Atnericnn 234,*
000: stocks afloat 75,000; American 58,000.
New Orleans, Sept. 15.—Idverpool at
down la disappointing. A decline of
points waa expected.
The Tlmee-Dcmocrat: ‘The talent real-
r-confl
R e con
i most
active local demand for spot cotton thus
far witnessed, and the sale of one lot of
Liverpool full good middling (28-29) nt 63
points on Heptember. The situation under
went no change whatever, though the di
minishing prolmblllty of an early cold wave
helped the bearish contention aome. Spec
ulation w’us tu small volume and ambition
of the daring sort was uot in evidence at
. 1906 and 1904. spin
ners’ takings compare favorably with 1906,
and are more than 100,000 bales In excess
of the 1904 showing.” , - ,
Market Is very steady. In spite of bear
ish Influences. It lacks snap, however,
ond Is extremely narrow.
Bradstrcet's Itevlew says: "Cotton fab
rics easily lead the list of textile prod
ucts, which report n very active demand.
Cotton manufacturers are optimistic.”
great demand. Showery weather has some-
I what retarded picking this week.
Today's map Is very favorable, with lit
tle or no moisture recorded. Weather con
ditions are generally clear and tempera
tures normal The Influence of favorable
weather and a disappointing Liverpool
should exert some pressure on prices.
WORLD’S VISIRLE
SUPPLY STATEMENT
Hecretsry Hesters statement of the
world's visible supply of cotton for the
week ended yesterday shows nn Increase of
10.412, against an Increase of 82.284 last year
and nn Increase of 72,600 year before last.
The total visible Is 1.751,881. against 1,-
741.249 last week. 2.648,662 last year and
1,227.840 year liefore last. Of this, the
total of American cotton Is 919.661, against
872.249 last week. 1,812.662 last year and 642,-
840 year liefore last, and of all other kinds.
Including Kgypt. Brasil, India, etc., 83&000,
JM9.000 last week. 834,000 last year
agnlnst
visible supply of cotton
ns above shows nn Increase compared with
Inst week of 10,412, a decrease compared
with last year of 896,001 and nn lncrense
compared with year before last of 623,-
Of the world's visible supply of cotton,
na above, there Is now nfloat and held In
Orent Britain and continental Kurope 784.-
000, against 1.427,000 Inst year and 684.000
year before Inst; In Egypt 27,000. against
25.000 last year and 47.000 year tiefore last;
In India M5.000, ngslnst 549,000 last yesr
and 301.000 year before Inst; and In the
United Htstes 376,000, agnlnst 616,000 last
yesr and 293,000 year before last.
SPINNERS’ TAKINGS
AMERICAN COTTON
Swrctsry Master fives the takings of
Amerlcau cotton by the spinners of tho
world for the paid week ns follow,:
This week 152.600 this year, sealant 157,.
000 Inat year and 136.000 year Iwfore Ust.
Total ui nee Septtmlier 1 this rear 315,000,
asnlnat 229,000 last year and 304,000 the year
• b *0f r *thls. northern eplenere and Canada
took 33.000 hales thle year, against 46.000
last year and JAOOO theyear liefore; south
ern splunera 18,000, noalnet 85,000 last year
and 65.000 the year heforr: and foreign •pin
ner, 194.000, again,! 126,000 last year and
106.000 the year liefore.
ROSIN-TURPENTINE
PRICES SLASHED
Savannah. Os.. Sent. 14 -The naval store,
market was nliuoet In n demoralised con'll*
tlon In the Into trading Ihla afternoon,
nrleee for spirit, turpentine and also for
rosin being slashed. There Is no apparent
reason for the tendency, as this I* the jea
son of the year when prices should go high
a- Ws^tmrjiss:^ w
dl T| l ie Mdfitr'market opened **e week Arm
st 62ee!lic. nnd cloaed quiet nt 60%ejlc.
Once during the week, the price was *214o.
In the late trading this afternoon, sale*
were made at «0e, flOlic and SOJio. Seme
factors decllnrd to part with their holding,
at 65c, which was the belt bid they re
ceive® for unsold lots. l<r every token
'X r.T ,: f ,x m e B M’th« n n r triS«-
« d jS&'VHcf 1 W&SSy'K £74
^Roilni vfK also hammered during the
week, the close of the market today wit*
neeelna declines In almost every grade, tho
rales l>elttf hardest hit. In the late tred-
fng this afternoon, prices were riasbad
recklessly. Rather than accept the declines.
tUo factors preferred to carry over. The
NAME! OF STOCK.
Amalgamated Copper.*
Atlantic Coast Line. ..
American Sugar Kef. .•
Anaconda
Amerlcau Locomotive.
. do, preferred. . . .
Amer. Smelting Kef. •
uo. pmenrea. . , • • .
American Cotton Oil. . • .
Amer. Car Foundry
Jlnltlmore & Ohio
Brooklyn Bspld Tran.. . .
Csnadfan, Pacific
Chic. Sc Northwestern.. • .
Chesapeake Sc Ohio. ....
Colorado Fuel & Iron.. • .
Central Leather
do, preferred. .....
Chfe. Sc (irent West'n. . .
Ch c.. Mil. Sc tit. V. . . . .
Delaware A Hudson
Distiller’* securities. ....
Erie
do, preferred
General Electric ;
Illinois Central
Amtr. Ice Securities......
Louisville Sc Nashville.. . . .
Mexican Central
Mleeourl Pqelflc
« I an wt »»s>| <lo. pro:
Total stock sales today, 89Q.200~si
NASH) OF STOCK.
N. Y., Ont. Sc Western.
Nntlenst tc:"l
S<trtlu‘tu l*«c*lflc. . . . ,
New York Central. . . .
Norfolk & Western. . . \
I'cunsylrnnla
People's Gas
Pressed Steel Car. • . .
do. preferred
Pacific Mail
Reading
Republic Steel
Hock Island
do. preferred
United States Rubber. .
do. preferred
Southern Pacific. ... ,
Southern Railway. . . .
do. preferred. . . . .
ftloas-Sheffteld
Tenn. Coal & Iron. , . .
Texas A Pacific
Union Pacific
United States Steel. . .
do. preferred
Western Union. .
Wabash
do. preferred.
NEW YORK.
Kept. . .
Oct. . .
Nov. . .
liec. . .
Jan. . .
Feb. . .
March. .
‘fer
steady.
: today:
It
Tirrif
9.15-16
*1S3
9.28*29 I
9.35-37
9.42-43
9.5GH
123
9.23-34
9.25-37
9.27-38
9.36-37
9.41-43
f.040
9.61-62
HESTER’S WEEKLY
COTTON STATEMENT
Secretary Heste*. of the New Orleans cot
ton exchange. In his weekly statement of
yesterday, shows a decrease In round fig
ures In the movement Into sight for the
*>ast seven days of 77,000, tinder the seven
lays ending September 14, last year, nn
Increase over the same time year before
last of 26.000, nnd nn Increase over the same
time In 1903 of 114,000.
The amount brought Into sight doting
the psst week has been 199.6B) bales,
against 227,152 for the seven days ending
this date last year; 225.854 year before last,
nnd 85.642 same time In 1908; and. for the
fourteen days of Kentember. It nss been
330.498. against 496.SB last year, 379,390 year
receipts nt nil United 8tates ports of 209,-
“8, ngnlnst 354.754 Inst year; 275,838 year
>fore Inst, and 63,407 same time In 2903.
.. .... . . o b j 0 anil
Overland across the Mississippi.
»e rivers to northern mills nnd Can-
42, agnlnst 9,628 last year; 75.652 year
last, and 218 same time In 1903; Inte
rior stocks In excess of those held Sep
tember 1 at the eloae of the commercial
year 15,740, against #,249 last year: 36,748
year l»efore last, sml 21,843 mime time In
1903; southern mill takings 88,000, against
85.320 Ust yenr, 60.161 year before Ust, and
29,789 same time In 1901
Foreign exports for the fourteen days
have been 129,468. agnlnst 153.832 last year.
The total taklnwM of American mills,
north, *o"tb nnd Canada, thus far for the
season have been 121,589. against 131.231 Ust
year. Stocks at the seaboard nnd the twnn-
ty-nlne leading southern interior centers
hive Increased during the week 69.150 bales,
agnlnst an increase during the^ correspond
ing period lost season of.137,707, and are
now 291.000 less than at this date In J904
Including stocks left over at por*s and
interior towns from thejast cron and the
number of bales brought Into sight thus
LIVERPOOL.
The following tatie gives the opening
range and close, compared with yesterday's
close:
Futures opened quiet.
Opening Prevlons
Range. Close.. Close.
September... 6.32-6.1!) S.ia 5.26
September-October. ..f.06-5.06 5.06
October-November. . .5.024.00*4 5.00*4
November-Deeember. .5.01-5.00 5.00
Decemt»er-Jaunary. . .6.03-5.01 5.01
January-February. . .5.03-5.01*4 1.01]
February-Marcb. . . . 5-08*5 5.U6>
March-April 5.07-6.05*4 6.05<
April-May 6.09-5.07 5.07
May-June.. ..
Closed quiet
..6.10-5.08*4 5.06*4 6.14
NEW ORLEANS.
t —s, .w.toning is the rang
tures In New Orleans today;
Sept. ."T
Oct. . .
Nov, . .
f»ec. . .
Jan. . .
Feb. . .
March. .
May. .
Closed
11
steady.
T. 80-84
8.91-93
9.04-06
9.20
9.27-28
9.35-38
9.43-44
9.56-66
TtfH
9.00-01
9.12-14
9.24-25
9.32-33
9.38-40
9.47-48
9.58-50
TIPS FLASHED
From Wall Street
CLOSE WAS NEAR
BOTTOM PRICES
Wheat, Coin and Oats Left
Off at Small Prac-.
tional Declines.
Si* *1 P rtc **. lUw wool was
la »,',!* "overs, who Tiove been
« tk. . i ,n 'oik* numbers, complain •ecm - r—----
Wr ."Udtj- 0( uranj Him (or quick jet In Jbh •• !!ir. b **™ Ur
nue auccafnl M.lder bonsht at a ileclliie
for luri'te every «ra.le o( It woulil
probable'tfiat s 'ban. adeance ruay
net In 'this week, a* prbv* are *
low for this season of th* year.
GIBERT & CLAY
14 K ALABAMA AT.
STOCKS BOND*
COTTON. ORAIN,
corree. provision*
ATLANTA. OA.
&J 0 'k Stock Exchans*IKew Orieiin«Cottoi» Exch.nse.'lChliraso.BMrfl of_Trafl*..
®^c 0 oS?SsS5s? 8r r i’2S.‘ 8aa § e ?SSI:te"SSi^Sa»' SSSIbw.
snd Lora DIsUnos'TsUphone*5298.' n. FAGAN, M«n*o»N
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
THE CHRONICLE ON
CROP AND WEATHER
New York, Kept. lh-AiWIras to ns by te-
egrnph from the South IniUcate that rain
has fallen In moat localities florin* the past
week, but there are no complaints of ex
cessive precipitation or that Plektox bn*
Im materially Interfereil with. Deteriora
tion la referred to In nur report* from Ala-
Iwma, am! nnr Anruata correaponflent nay*
the crop In that vicinity la four week* taler
than la.t year. New cotton ts moving more
freely, but
uot as rapidly as s yesr ago.
COTTON MOVEMENT
DURING PAST WEEK
■ For the week enhed'.ycsterdsy. Superin
tendent Kin*, of the New York exchange,
give* the movement Into sight ai follows:
Wsskly Movsmsnt.
Chicago, Sept. 15.—Soma of tho big
wheat shorts of Minneapolis and Du
luth ware on the buying side of the
market early causing a better tone,
Thla was helped by the unfavorable
weather up there and the fact that the
shorts seemed to be less sure of their
position In the market. Condltlona
changed In the pit aa the day wore
away and there were net losses of l-te
with the close around the bottom prices
reached. A bug run of wheat was
promised by both northwestern points
r Monday.
The English visible supply Increased
300.000 bushels for the week, against
an Increase of 310,000 bushels a year
ago.
The French crop report, aa sent out
by the bulletin dispatches Halles Is
smallor than last year, 342,400,000 bush
el*. against 1,130 000,000 bushels a year
ago and the natural weight 63.3.
against 61 and a fraction last year.
Corn closed .l-8tj>3-18 lower.
Oats were l-8c up to 1-8 up and pro
visions were without marked change.
Cash sales here were 40,000 wheat,
60.000 buahels corn and 60,000 oats.
Ten loads wheat, 6 loads com and
Port receipts.
This
Year.
...136,397
Overland to mlils and Can
4.413
Southern mill taking* (es
timated) ...... ;•••
Gain of stock . t« Interior
towns ‘ .. 18,111
Brought Into sight for the^ ^
Total Crop Movsmsnt.
Port receipt* -■ ..311,664
Overland to mills and Can-
Southern 'mill' taking*' (rati-
mated)
Stock at Interior town* In
exeeas of September 1....
Brought Into sight than far
3,613
T". 76,000
WARE 4 'daily cotton letter,
•ml write of nufflclent volume to leed to
a recovery of ell the lot* that followed
it eliarp decline In Liverpool pneea. The
undertone ahowed conriderable
and while December a°14^Ai tgm-tu 9.14
•erlr. lar*e hlocka were traded la early
at thla fiaure on abort coverlnf, and the
dealM* toony proved auch that later In the
»lay December aold at*9.3) and 9.21, thcre-
l»y recovcrin* all the day'a decline tteak-
neaa In Octotier waa a fentnre during the
■harp break at the openlnr. I»nt later on
the demand for Octolvr by thorn who were
picking np ap°t cotton ami Belling later
rnontha. reatored the difference jjreviouily
cxlBttnc. There aeema to be enongn demand
for cotton at nreaent figure* to prevent very
much of a decline, and we
fiN*l that on auch break* *• took place
thla morning, cotton can be bought with
X u ra5s?a M wag
i",,,, >o be more atiengtb In the spot
qivUInn. and na long •« this eontlnues,
scalping operallona wbl be In order.
COTTON SEED OIL MARKET,
fjien
LIVERPOOL GRAIN MARKET.
Wheat-Opened unchanged; rinsed %c
h cSrO-Opeoedsod'ckwed saebsaged.
V. L. KEJir. Trea.u
J. W. ANDREWS,
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
On* dollar starts an scoount.
Hours: 9 s. m. to 6 p. m. Sat
urdays till 0 o'clock at night.
OINECTOR* I
THOS. J. l’KEPI.ES. .
W. B. STOVALL. F. J. PAXON.
30,000 bushels oats at the seaboard
were taken.
Primary receipts were 6,316,000 bush
el* wheat for the week and 4,921,000 re
spectively a year ago.
CHICAGO GRAIN MARKET.
—Icago —
for todsy
WHMT-
N£8 I I h P
i i
a tii a, n«7|ii. iu.—riuniinni nurenu.
Further ftuillah operation* a«*eiii likely to ua
In the atock market today. Tho Iwnk atate-
nieut ahould lie a good one. The money
flurry yeaterday may. Im explained l»y two
things: waltlug too long for lower rates that
did uot come and n carrying over till Mon
day. The money situation In Now York Is
much Improved. It doea not luatlfy a broad
bull market yet, but anorlaltleii may be ad
vanced, and the specialty program aeema to
be governing. We would t>uy the atandard
atocke aa a rule on reactions of moderate
extent, taking fair returns on the bulges
nnd glvlug particular attention to special-
tlea.
Expect specialty Improvement today* on
which would take profits and await relic
tion.
The Gates crowd la bullish on Realty.
The bank statement not a* good aa ex
pected. Surplua $3,000,000 over requirements.
Hentlinent continues bullish and la likely
that Heading will lend the market upward,
although more or less reallslug can he
looked for all through the list, the usual
week-end evening up.
Would not Ih* surprised to see Miss
1'nclflc cro«a par. and ahould stimulate me
balance of the Southwestern rails. Would
buy the ftiuailer industrials If by any chance
they should be hammered down.
Distillers a very bullish feature. Market
display* atrength. Coppers look higher.
Would buy Biscuit.
Think Rending la going up too fast, and
If It breaks sharply will affect balance of
market. Southern Pacific acting well.
Dow-Jonea* summary; Total gold move
ment from all polnta about $27,000,000.
Secretary Taft and Acting Secretary Ba
con will go to Culm to make peace.
Twenty-seven road* for July show an *v-
erngo net Increase of 17.33 per cent.
Twenty-eight road* for the first week In
Septemlier show average gross Increase of
12.21 per ceut.
Dun’s review say* volume of trade con
tinues beyond precedent for tho period, nnd
there are no Important labor struggles to
handicap progress.
Brndstreet'a.says trade and crop reports
are uniform and an Immense business Is
doing In fho West and Northwest.
Ranks mined on week's currency move
ment $14,190,700. all derived from deposits
agnlnst gold engagemento.
Twelve industrial* advanced .62 per cent.
Twenty active roads advanced 1.07 per
cent.
LONDON 8TOCK MARKET.
•8.97*4
8.60
6.97*4
PRIMARY MOVEMENT.
The following figure* give the primary
movement of wheat and corn for todny:
Wheat—Receipts 1,078.000 bunhel*. against
892,000-last year; shipments 483,000 bushels,
agnlnst 497,000 bushels last yenr.
Corn—Receipts 550.000 bushels, agnlnst 656^
000 buahela Inst year: shipments 682,000
buabela, against 802,000 buahela last year.
N0RTHWE8T CAR8.
The following figures give the northwest
CHICAGO CAR L0T8.
Today. Tomor.
34 78
39* 747
217 806
10000 87000
Wheat
Corn. . . . • •
Oats. . . • • •
Hogs. •••'•*
NEW YORK BANK STATEMENT.
Ths weekly statement of the New York
Bank Association abowa the following
change*:
Reserv**.. ., •
Loans „ „ „
Specie. 8,C
Legal*
Deposits •• •• ••
Circulation*
Not aa good aa expected.
SOUTHERN EXCHANGE
Oldest established Office South.
COTTON STOCKS BONDS GRAIN
Ground Floor Oould Building. Dully
market letter and market manual
mailed on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REVERENCE. THE NEAt. DANK
PHONE 1417. PRUDENTIAL BLDG
8TOCK8—
Amalgamated Copper. r . .....
Anaconda ,
Atchison
do, preferred
Baltimore and Ohio. . . ,
Canadian Pacific
Chesapeake and Ohio. . . ,
Chic., MU. and St. Baal
Krie..
do. preferred
Illinois Central
1/tulsvUle and Nashvlll*. . ,
Missouri, Kansas and Texas.,
do. pr*ferred
New York Central
Northern Pacific
Norfolk and Western. . .
Ontario and Western. . . .
Pennsylvania
Rending
Rock Island
Southern Pacific
Southern Railway
Union Pacific . , , ..
United State* Steel. « . .
do, preferred
do, preferred. . . * , ...
ADVANCES GENERAL
AT THEJPENING
Reading Was Most Promi
nent Feature in tlie
Day’s Trading.
ADVANCED SHARPLY
Baltimore and Ohio Ex
tremely Active, Selling
Highest Ever Sold.
THE COFFEE MARKET.
The following table gives the opening
range and close, compared with yesterday’s
dose:
Opening
linage. Close.
6.75-6.80 6.80-6.85
tt£8
Sr
April.. a.
May., a. ,
June.. ,, a,
July
August., a,
Heptember..
October.. ..
November.,
December
Cloaed steady. Stlea, 61,760 bags.
....7.10-7.20
..7.15
. -ir*
.. , ..6.60
6.664.0
6.70
V.li ...
7.30-7.36
7.26-7.30
6.66460
6,1(40)
1.664.70
0.754. W
New York, Sept. 16.—Lust week’,
deficit of 36,000,000 In bank reserve.1
waa, according to anticipations, con-
alderably more than wiped out In to-
day’11 return*. Yet the figures fall
abort o( ahowtng the week's gain in
caah. Specie holdings are up 38,025,-
000, legal tenders down 392,200, and
the combined result la again less by
36,000,000 than yeaterday, preliminary
estimates suggested. Tho statement, of
course, (alia by a long way to record
the full strength of the local banking
position. Correction of the error Is, as
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 th*
two hours of today’s business was ex
tremely Irregular ond 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 this, Read
ing was marked up nonrly 4 points
further and Baltimore and Ohio and
Pennsylvania were kept very strong.
After the appearance of tho bank state
ment prices were shaded pretty gener
ally, but the presence of a powerful
support was apparent In the closing
dealings nnd prices at tho 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 5,000 shares were numerous.
This buying forced an mlvance to
1531-3, against 1481-3 at the close
yeaterday. The selling was almost
wholly to take profits. Later realis
ing caused a reaction to 151 5-8. Tho
buying was baaed wholly on an as
sumption that a coal land holding com
pany would be formed. Baltlmoro and
Ohio wa* also extremely active and
strong, advancing from 122 to 124 1-2.
the highest price at which this stock
ever sold. The buying was practically
by aome houses, the heaviest purchas
ers of Reading. Erie waa strong, sell
ing at 49, agnlnat 43 3-8 In the 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. Sept 16.—The tncsl refined
and raw lugsr markets steady and nn-
changed. London beet nnehangau: Septem
ber lbs 3d; October 10a Slid.
ATLANTA NATIONAL BANK
ATLANTA GA.
C. E. CURRIER, President A. E. THORNTON, Vl«e-Preald«nt
H. T. INMAN, VIoe-Praaldant. GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Asst Caahlar.
Capital $500,000.00
Surplus and Undivided Profits....... $500,000.00
We Solicit^ Your Patronage.
31 % Compound Interest
Is the rate your money will draw If deposited In the 8AVING8
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to cell and inspect our quarters and Investigate
our facilities to serve you. A hearty welcome awaits you at thla
bank.
ASA G. CANDLER, President.
W. H. PATTERSON, Vlee-Pres. A. P. COLES, Cashier.
JOHN 8. OWENS, Vice-Free. WM. D. OWENS, Asst. Cashier.
In rwL
fffir uri€»at.
OOTTON^G^Am, ^ROVISIO^StOCKS^BONDS,
No, 2 Wall StPtfen Building, Atlanta, 6a.
UlMDUS;
Ckltaf.
few Orftaat Caffaa tnchaaga.
'"fthaffWltti uftiw "irk, Mam Ortaaaa, Chicago,
tall Fboaa 1262.
k/cigo Board at Trade.
tUtia Stock tichaaga.
m Yark Cotlta lackinga.
0. C COTHRAN, Manager.
Standard Pbaaa2
JUADDOX-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.
HUBBARD BROS SCO., Sis
Atlanta Offlcea, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aaao-
elation, Chicago Board of Trade, New Yprk Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchsoges.
Direct wire service. Correspondence invited.
Phones 454, Long Distance 39. A. S. Hustsce. 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 Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust
Co.