The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 17, 1906, Image 11

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THE ATLANTA GEORGIAN. Monday. snrTEiinnn 17. iocs. 11 COTTON K (HIT IT TBnPfIMC Initial Prices Higher on Reports of Frost in Ala bama and Cables. decline FOLLOWED Recovered on Free Buying by Floor Traders and Wall St. Covering. SPOT COTTON MARKET. iiv.moot, cotton, ipat fair and steady; JjIum 11.lands 5.6M; sales S.000; Amori- E. TOW- speculation and export 500; re- 2l»ti’ 3/>' vl ; American JOO.' Vorrtle* at »*c; delivered on w ^5 C t)rlenn», (Irtn at 9 5-l«c. Augusts. Steady at »*#. Ssnmaah, oust at sl-ISc, St. Lonl». quiet -at 8%c. Wilmington, steady at 91-Mc. Houston, nttlet at 96-i6c. Boston, quiet "t 9.»e. Baltimore, nominal at 9He. v.w York. dept. IT.—Duslnesa at the oiicnlng of the local eotton market wee quiet. Jmt priees were steady at an NEWS AND GOSSIP Of the Fleecy Staple. BSLVarmspi bowsrer, suit’trade be- IKS that It waa somewhere In the bill FarlT Liverpool waa about as dna to a stalls'better, which wee oncooraeln* to the I.nils on this side, and In retponse New York opened 163 points hither, but on * light clemn ml prices sagged some 6@7- polntg during the early morning. Tbe market stcndled at the low point with large floor trader* buying frwly, anil Wall street houses covering on front report* fr"m Alabama. The map shows no frost ' "jl'l«* * IA eswl 11 laa.ua a report tomorrow or Wednesday. It Is thought It will l«t illlnh. hr floor broker* thought to lx» net* ,g for Hutton bought 10,000 boloa October utl December. ... ^ . The spot mnrket In Now Or lean* la re porter! steady with it fair bualnea* doing ant! offering* somewhat light. Following I* the rnnge of. the active months 111 Liverpool today; ■ Pr«v. Open.jHIgh. rani 6.06 ■ r».oo 5.13] omparntlve receipt! port?: Net receipt* today.. .. game day Inst year.. .. game dnys last year., Total since September 1.. game time last year.... 5.11 United State* Private .Wire to Olbert & Clay. r>ow York, Sent 17.—Liverpool 9S3U high er. Wag expected i higher. ° s “ . LlWpooI.egMe.; Afirket carter at open. fertmT*^ fr0,t n and nothing of. Atobamn 5 " 1 '* bl '* u,: " I,ro,t *• reported In Tint Journal of Commerce: “The mid' month sltuntlon In the market I. a health- continue good, speculative buying Is still absent, and the volume trade from day to day la sntlsfnctory .u nearly every line. Tim exception Is In the export division, and the miscellaneous trade In that direction Is large. The heavy cottons i q. not respond to the large liuy. Ing In other lines, bnt It la pointed out by export houses that Chinn reports are more encouraging than domestic prices In the early summer. New Orleans. Sept. J7.-tIverpool at 34 up Is an excellent market. YVaa due lei points higher. We should open 6©7 points ^The Memphis Commercial Appeal weekly rop summary ears: “Deterioration In the Mtton crop conditions since the middle of August I* a fact well certttled to. yet, though the loss ha» been considerable from a promlso which wne then exceptional, many correspondent* are atJJJ hopeful ot « good" yield. The, past week hssbeen fa' yorable to the opening of cotton. Excuse Ive heat has retarded gathering. The gen era disposition seems to be to market early cotton.” Exporter* continue to buy contracts this market. Today's slight decline due to the eon. tlnued favorable weather, the only recorded being on Atlantic and Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-live years’ experience of ad- Itlng markets In Atlanta nnd the South has made him a recognised au thority In bis specialty. TIPS FLASHED From Wall Street RANGE OF NEW YORK STOCKS AND COTTON' MARKETS .206,254 1906. „ 7.000 to 9,000 1/H5 Inlrrston 19.000 to 21,000 11,711 I lea 19.900 to 20,900 20.292 The close was very steady at advances of toil | ml ills. It *«« rumored late the Giles report wnr.l«l nhow a decline In condition of ,1 per cent since her lust report. TODAYS PORT RECEIPTS. The following table shows receipts At the New Grlonns. (inhesion. . . Mobile M.inrnmth. . . hnrleaton. . . Wilmington. . Norfolk. . . . Boston. . . . Total. 1906 4821 12711 1146 *349 1644 X 1906 2264 18726 2124 19441 2087 8175 2476 87 INTERIOR MOVEMENT. The following table shows receipts nt the Interior towns today, compared with the ■nii' day last year: WEATHER IN COTTON BELT. •iL'. 1 ''vLann. clondy, 77; Bonham, JUJ **: Sherman, clear. SS; Corsicana, 2f*5 Tyler, dear, 7»; Oreenvllle, clear, nii,. I " 1, rlcnr - ?7i Shreveport, clear. 75; Waxahatchle, clear, 90; 2I??''' 1 ’'clear, 83; Ardmore, clear. 75; Enid, lull lS i Gatneavllle, clear. 76; Waco, ; 74: Tempi., clear, 79; Taylor, clear, E. •il”!™' •‘•'•f. 80; Auatln. clear, *2; we Antonin, clear, 71; Pine Bluff, clear, 75; Will. clear. 76. We*rf2!r Tr " , i p * m,, 1y and pleasant; MA Srhi-«"'"I Plenaant, hard rain loot Sf’ Montgomery and Opelika, cloudy and fimrcln-rnbimhui, cloudy nnd cool to ufoiS' tit Amerlen* and Atlanta, clear ™'"||, Albany and Savannah, cloudy and ..WEATHER FORECAST. Florida. Alabama, •M ihntfi _t ". r Mon, t*y: Tueaday ahowera fienreu' r ,l * ht variable wlnda. urth™! M.. r i "nd Tueiday; freah Siuri i. 1 ' 1* <" “ntheaat wlnda. ™ fTjrlda—Fat, Monday and Toes- •octheaet 1 ” wi'ndi?” ° n *“® M,t coa,,: fre * h ■vu"h"iCl!i., T r , “*~ T i 1 “ n '’ ,r atorm* Jlonday ■hmr.^y"orihweat portion; Tueaday ImiI » r * n * o nth portion. fMr»Iju n P showers Htj ihn*I-I n nnr , th portion Monday; Tnes- ArkSnJ,. inI ,oolw ‘ n !P oth Potion. and .UtBMtr storms lUlK ""2 Tuesday; cooler Tuesday, nr. s li°wi*rs this afternoon or tomor- &T 1 H a, LJ onl * ,,t "fV* tomorrow; cooler. -ipfcwzsxr cooler ' on, * ,,t: f,lr '^.’Srnw' 1 . 1 ' n ”' 1 ‘' 00,pr tonight; warm- Rn<1 coo,er * tomor * weather, the only moist . “d^bSlng on Atlantic and suit coasts nnd nt Fort Smith. Ark., but clear and dry weather generally prevails. The absurd manipulation of the foreign market by frost reports In Alabama causing ti little more bear aggressiveness. A special from Houston, Tex., saj_. **A majority of the reports show that ns much cotton will be made as last year except In south Texas, where there has been a falling off. Thle Is-partially ex plained by the fact that there was very little weevil dnnmge In this section last season, and that a ** * expected was mad the pest loot hat L have been regarded at normal fast~sesson! The western forecast Indicates showers tonight and tomorrow, with colder weath er. The eastern forecast Indicates rains for the Carolina! tonight and tomorrow, while fair weather Is expected tonight and Tues day In the balance of the district. Our traveling correspondent wires from Temple, Tex.: "Weather perfect. Two weeks like this would make a big provsment, especially where late. Move ment should be enormous this week, but pickers are acarce." Private Wire to Wars ft Iceland. New York, Kept. 17.—Liverpool cables: ’At the opening, market was ensler on scat- :ered hedging, although quantity moderate: afterwards affected favorably by reports of frost In Alabama; nothing offering." The New York market cmened a trifle lower than expected on Liverpool cables and selling/by commission houses. Locals bought a little around the opening. See very little In market at the moment, anil believe we are In for a quiet market, unless some changa takes place In weather condi< Local crowd taking advantage of light demand for cotton ana ara hammering the mnrket. Carpenter, Daggott ft Co. say: "We rath- .j think the top In prices has been reach ed and lower prices will rule for the near future, and sales should be made on very bard spots.” The market Is very dull, bat it has a good tone on bidding by ring traders. Mason, Smith and Clay are doing most of the bidding. The weather map Is favorable. No rain reported over belt and temperatures mod erately high. Indications for cooler weath or. Reports of frost In Alabama are being ctr< culated, bat private telegrams Just in de ny them. r Tho net stock of cotton In Now Orleana la 18,515 linloo, nqolnst 49,527 last year. The amount of mtton on ahlpbosrd Is 657 hales, acslnst 5,975 last year. WARE A LELAND’8 DAILY MARKET LETTER ere of a somewhat mixed chavacter, and the pressure exerted early lu the day carried prices back to Satur day's low figures, after which the market proceeded to rally even more sharply than on tho former decline, December working bark to 9l28. For some rcaaon or other, there waa no more eotton wanted on decline than seemed to be for sale, and when professional short* attempted to cover prices rsn up readily. '"'*** active aud the The atock market advanced further today along specialty Unas and vigorous pool manipulation, with an Incrtase In outside tereat and a good tone to the actlre llat. Tho market Is checked on too ngjresslve advances hy the hanking element, because of the money conditions, according to our Information. The rather monotonona ad vice of haying on reaction*, therefore. seems to ns the best to be reiterated, and the beat reault* have heen and wlil he hy following »Vi'h * jr>W p r, < r! 1, ' 0 n n " aft such that If cobMrvntisw |i now pne sued a broad market may l " , ..J*t.r_eX' pected with a v»ry extensive outatde spec- illation There la o great deal of manipu lation to sosWtn Interest, but Ode 19 to he expected at the Inception of a good market. There are mauy opportunities now presented for profit through judicious op- erattons. ' gibert 4 DAILY COTTON letter New Orleans, Bept. 17.—Liverpool gave i hales nt spots were sold at an advance of. 2 points. The American mnrkets declined to re- ■nomi on the opening to the Improvement aiiroail anil prices worked slightly lower on the genernl/y favorable character of the wmther. Forecast for tomorrow, however, la less reassuring, as JJ® f 5. r ’ titer rains and lower temperatnre*. In the lute ot Texas especially^ a realisation of inch prospect* would probably ninse some for the movement already has been greatly Interfered srtth.through fre- ouent rain* and the reuorlerl acarclly of nickers, t’lear, dry weather Is badly needed and mostly » In the section* where the tUc market’* undertone hat Undergone lit tle If any, change In the ateadlnea* of the contract market, hut reflects an equal strength In the spot situation. Exporter* hire Veen of late good buyer* of options andtheonlylnflu.Dc.in sight to eflt^tually NAME OF STOCK. Amnlgnmated Copper.. . . Atlantic Const Line. .... Amerlcnu Sugar Hof. .. . . Anaconda American Locomotive.. • . do, preferred. .... . Amer. Smelling lief. ... do, preferred. . ... . Atchison , , , , do. preferred American Cotton Oil n"lf, r ' Car Foundry Bnltlmor# & Ohio. 5“ k > Rapid Tran.. . . Canadian Pacific Chic, ft Northwestern.. • , Chesapeake * Ohio Colorado Fuel & Iren.. . . Central Leather. . . .. ! . _. do, preferred Chic, fc Great West'n, • . Chic., Mil. A St. P. ..:: Delaware A Hudson Erie r * 8 • cur,tl «•• •• • > do.■preferred.’* [ Oenera-l Eiectrlc. . . . . . , Illinois Central . , teftifi?A"rak::::: Mf. i . l o c ;aa n e!si. 1 ’• NEW YORK. {• rang* fn cotton ftj- tures In New York today: 8.92 9.02 9.15 9.22 9.80 Sept. . , Oct . . Nov. . . Dec. . , Jan. . . fob. . . March. . May. . t’osed very steady. 9.a 9.56 Totnl stock sales today T^i NAME OF STOCK. V.. Onr. ft Western. NntL'iml Load Northern l’nclflc. . , . , New York Central. . . Norfolk ft Western. . . Pennsylvania. . * * # • People's Gan Pressed Steel Car. • . « _ do. preferred Taclflc Mall. , Reading. ........ * Republic SteelA .... Rock Island. ...... do. preferrod United States Rubber. « do. preferred Southern Pacific. .... Southern Railway. . . . do. preferred. .... Sloss-Sheffleld. ..... Tenn. Coal ft Iron. . . . Texns ft Pacific Tnlon Pacific United States Steel. . . do. preferred Va.-Cnr. Chemical. . . . do. preferred Western Union. Wabash , , do. preferrod. .... Wisconsin Central. . . . 'referred Private Wire to Glhert ft Clay. New York, Bepf. 17.—This week’s happen ings will almost surely Include some Impor tant development connected with the shares. The coalers promise furth % strength, nurtlculnrly Erie, while the move ment In the Pennsylvania group looks ex tremely Important nnd Indicates buying «»f the right kind. Monetary conditions are better, as reflected by the hank statement, and oar private cables this morning mlvlse of f400,000 engaged for shipment.—Marshall, Spader ft Co. A London special says: "Gold to the amount of £360,000 was bought today In the nneii market for shipment to New York.” •xpect Improvement In the stock market lines. Frequent reactions, we believe, wm occur this week. As a rule, we would buy standard stocks on all fair recessions for turns, at least. Financial press comment this morning Is favorable to Improvement. Information emanating from groups is bull ish. anil they are pleased with what re* START WAS HIGHER FOR MOST ISSUES Stocks Showed Strength and Made Sharp Ad vances First Hour READING WAS SCARCE dnmentnls are strongly or nlque Is good. From ansr to day to he removed, one of the almost certain ► day stocks seem LIVERPOOL. Th» following flgnrcs glv. the opening faflg* and cloae, compared with yesterday's Futures opened quiet and steady. Opening. i'revlot Range. Cloae. Clot*. •is |:Sh fcgg 1)1 ,..6.01 -6.00 6.02 5.00! * -.6.02 -6.011* •B.06V4 6.061 .6.06 -5.09 5.071 ..1.05 -5.10 6.09 .5.09 -5.12 6.11 September. , Sept.-Oct..,. Oct.-Nov. . Nov.-Dec. . Dec.-Jm.. . Jan.-Feb. , Feb.-March. Uarch-Aprll. NOTES ON GRAIN Pointers on Provision!. Private Wire to Glhert A Clay. Chicago, Sept. 17.—Wheat cables allow good strength, and sentiment here la grow- w!i.at 0Ce favorable In the long side of Corn acta weak. Selling orders In everything b4 every I 1 . Kldgton supported mnrket wlow 49c. There eeema to bo n few buy. •n* orders here. * proviilou* n shade lower, rockers doing nothing *o far. Modernte Inveetmcut buy. laf.ol.January riba. Pit traders selling; trad# light. ' Prlavte Wire to War. A Inland. Chicago. Sept. 17,-The Record Herald "Argentina has been shrinking very rapidly alnce July 1. and India also has dropped out of the severe competition which American wheat has mat In the European market. It remains to be demonstrated If tho European couiilrle, con remain lode pendent at a time when they are relying upon America for about half of. their curl weekly Imports.'' |p h dsy of favorable weather la bring. - _ millions of late corn ont of the way St danger of frost. A number who hare been successful on the short side of the mar ket from above 50 down hava latterly been quietly taking the long side on a fairly fmporrnnt acale. steady. ALL THE CEREALS NEW ORLEANS. today: SIfvT; 8S:::: Jnn. . . . Feb. . . . March. . . May. , . very steady. II m 9.26-28 f.29-30 9.3S-39 9.44-46 9.62-M 9.65-66 9.16- 16 9.17- 19 9.19-W 9.2S-29 9.86-37 9.42-48 9.56 Higher Cables and a Better Demand Were the Chief Bull Factors. Chicago, Bept. IT.—The bears fn grain were Again victorious, the beet prices falling to hold to the close. There was long grain to come out and short lines were put out by hedgers as well the "dyed-ln-the-wool" beara. There were Increases In the visible supply of 1,029,000 bushels ot wheat, 1,000,000 bushels corn and 86,000 bush els oats for the week. The German potato crop shortage fig ures out over 900,000,000 pounds, as compared with last year. The estl M , . . The gain In oats was larger than In any mate Is a private one. train, ami ,tb«re was mneb more a£ Closing prices showed wheat 3-8© tlvlty and speculative Interest. The gov- -nment crop report showing that the yield this year was about 160,000 bushels less jn that of lasf ‘ ‘ fluence un oats. Provisions fairly steady and doll today. Packers not bidding for anything aa yet There Is aome selling of January staff by brokers that looks like Cudahy. Commis sion houses hove baying orders for January Chicago Inter Ocean; “America la fnr nfshlng 40 per cent of the. wheat exported by all of tb* countries ot the world,'’ mined resistance to preMure, even at the lU ld one of the largest cash handlsrs who 10-polnt advance that took place In the has been extremely hetrleh on wheat for day. ItejMirts from tha south continue to » month, hut he thinks It Is time to look show deterioration, but the strength of - .... the market was due more to etendy ab sorption of spot cotton by exporters, and corresponding Indisposition on the part of larger Interests to sell than to drop ac counts. It looks very ranch as though prices had reached a point where the ale- inn ml from the trade waa sufficient to absorb offerings and look after the short cotton that Bka Imcn poured Into the mar ket from time to time. It le, generally known that an extensive ehort Interest of a concentrated variety exists In one or two quarters, and under the circumstance* It would not surprise the local operators If these abort* were forced to cover be fore the next bureau report. Cotton seem* to bo r pn«-t!*a« on svery eoft snot. Forclf n< era must hava some wheats and we have It to sell, hut It looks to me as though the foreigner will have to come after sending on con GIBERT & CLAY • Alabama st. stocks: bond*. COTTON. OSAINi coerce, pisovisi on* ATLANTA, OA. Eiehtnga.INew Orleans Cotton Excbangs.lCWcago Board 0* Tj*6»- - fe 335 ISSfe 8SSS ^ ?E«Io.VvSSA c «o a *e« L * c * 1 »n6 Long Dlstanol Tslsphont*5298.' Excll,n ^ n, FAGAN, Man*o*ri ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. said M. l f , Wataoo. .. Minneapolis, who was her# Saturday. “The beat la there, nerertbsltaa, and will mova In time, Cara are scarce, and otbtr crop* have la bn moved, Which la causfhg tho disappointment In receipts. In Minneapolis there were 450 rare on tracks Saturday. A message from there aali), There are com plaints from the country shout cars, as ele vators are foil. Bain* have not Iveen heavy enougg to Interfere with threshing yet.' racking In Chicago alnce Slarch 1 ehovre an Increase of 197,0M hogs over last year. M’CULLOUQH BROS.* FRUIT AND PRODUCE LETTER „jpt. fS.—Both lire and dreated poultry are end have been very scarce for more than two weeks, ntceaaarily, cansing a very active demand at advanced prices To the contrary, egga are ehowlng some weakness with Indications of eren farther decline. . . ,, A steady Improvement to noticeable Iq the butter market, price* being better now tb riBh°potatoM t |n*y«y'light aupply with P Both a receipte*e , nif demand on* cabbage normal Sweet potatoes plentiful with price! show In* a lower tendency. <o chance of note applies •« basket grape* from Ohio and Mlahtoan SKidLji^'-SaKthJlVTOffi P The 0 Sem*nd tl |* f *too r atnmg*for California fruit, especially Tokay grapes and freestone ^The'flrat Florida orange* of the season are now on the market. However, they are too grotn to soil to sbj advantage. Lemon* continue very high; In fact, art now selling for mors money tfcin for f«v- e> Bananas are atlfl^suffldantly low to an* Ing. 8-4c lower. Corn, 8-8©l-2c lower. Oat», 1-801-4C up to l-8©l-4c off, and provlalona fractionally lower. Cash wheat was In fair demand and steady; corn, l-l©lc lower; oats, l-4c lower. Offering* of new com were larger. Cash houses sold com and oata. Provlalona were dull all day. Primary receipts of wheat 1,906,000 bushels and com 730,000 bushels, com pared with 1,501,000 and 691,000, re spectively, a year ago. Clearances were 908,000 bushels of wheat, with flour Included aa wheat; 89,000 com, and 14,m) bushela oata Cash sales here were 7,000 bushels wheat, 10,000 bushels com and 61,000 bushels oata CHICAGO GRAIN MARKET, Chicago grain and provision quotation! >r today follow: Pravloua Cloae. Cli 1111 1111 III NF.W YORK COFFEE MARKET. New York. SepT 17,-The coffee market E d steady, aamrdlns to the; dej- nn, at a decline of 10 to 16 pujaba »•' h on the opening sales It looked at though the decline wee sot actually greater than 6 to 15 points The market showed Its steadiness of tone hy holding around to a little better than **!?? Ing tho morning and at mid-day waa 5 to 10 net lower.—Olliert A Ctoy. Following to the opening range and cIms of tha New York coffee market for to- d * T ' Opening Range. January i'2H 1 ? Febraary J-7M-6 Match Jnne l-g-Jg November .. • ...fftM-t) December.. ....... 8.70 Clooed steady. Close. 6.65- 6.70 6.704.80 $.9Q4M 69^446 3.9341M 7.00-7.06 7.66- 7.11 remove the neural .barrier of reetotance ■earn, to be the weight of actual cotton when the movement become* freer. Open- nigh. Ixtw. THEAT— . t 71ft p* m te- 77 * "Be R PonK— Sept 17.00 . Jan.... 18.00 13.00 12.96 12.96 LAPP— SS!:: I:§h Jan.... 7.76 7.76 7.70 7.70 SIDES— Sept... 8.96 OCte.ee 8.B6 Jan.... 7.00 C’ASir IVIftJAT- * No. 2 red 72*072; No. S do 71072*: 2 hard winter 7fiffi74; No. 3 do 69072. THE LIVERPOOL GRAIN MARKET. 8.96 8.56 8.96 13“ X-75 9.95 vsr, 7.00 He higher; closed unchanged to' He low- THE PRIMARY MOVEMENT. The following figures give the primary movement of wheat and corn today: Wheat—Recelpta 1,905,00# hnaliela, against 1,601,000 hnshels last year; ahlpraenta 1,850.- 000 bnahelt, aaalnat 940,009 bnaheto last y.-ar. 1 Corn—liecrljJt. 790,900 hoaWta nenln.l •02,000 bnaheto last year: shipment. 54i.<m bnaheto, against 1.067,000 bn.hrls lost year. COTTON CONDITION IS SATISFACTORY New Orleans. Sept. 17.—Reports te ns from ft, larjre portion of the cotton-prodnrlnc re- Rlon Indicate that the crop Is doing fairly well In most sections, although complaints of wilt, shedding and rot are made from localltle* In the central and east belts. There seems to be no dodging the fact that the crop Is aome what late over a good por tion of the belt The moat aurpiistnc thing ?£° u ! our sports. !■ that they Indicate that the Texas crop Is doing well on a whole and the deterioration which aome operators nave made so much of Is not taking place. Little damage by Insects la Indicated and picking Is progressing rapidly and farmers are disposed to sell at the market. Reports from Mississippi are not so good, ns they indicate considerable deterioration, but they ■tat# that much eotton Is open nnd that gins are running full time In many coun ties. in spite of the deterioration, tne opin ion la expressed that more cotton will he raised than last year In the majority of localities. Georgia complains of too much rain. The crop In that state Is undoubt edly late. In Alabama the ginning seems to be well behind list year and complaints of rust are numerous. At the same time no one seems to anticipate a short yield when compared with last year. Taking the belt 08 a whole, farmer* are Inclined to sell nt the market nnd there Is Utile disposition to heed the efforts of the Ronthern Cotton As sociation to fix the minimum price at 10c. In many localities, however, the opinion la that farmer* will hold If the price to them falls much below 9c. COTTON SEED OIL MARKET. New York, Rept. 17.—The market for cot ton seed oil wne steady. The same support that characterised the previous day’s trad ing was In evidence on Saturday, anil offer ings were light. There continued a good signs of comluued Improvement Money funds Indicate thnt no stringency will oc cur, but flurries are likely, nnd easy condi tions will not rule for some time. Ilut sp« clalty movements are not profited by tnl situation. The smaller pools are belni encouraged to further aggreeslon, whlcl Is a sign of Inside optimism. Private Wire to Ware ft Iceland. New York, Sent. 17.4—I*ondon flrm with il strength fn LouIsyIMo nml Nashville, era Pacific nnd Amalgamated C< Two millions gold engaged for New In Londou, Further advances may tnko place In Reading and Baltimore nnd Ohio, but thluk they should ultimately be told. Hear that Norfolk and Western will cross par this week and Pennsylvania nnd Chesa peake & Ohio are likely to work higher. Copper and Itea** ~ ** tures, and talking Ohio. It Is confidently expected that Car Foun dry will declare a dividend on the common this year. Good buying of It. t Ilnrrlman pacific acting well ond think Steel* should do better. Dow-Jones ft Co.’s summary: Amerlcnu stocks In London firm, with especial strength In Amalgamated nnd Southern Pacific. Four hundred thousand pondds sterling bar gold bought In London for New York. Thirty-eight roads for first week of Sep tember show average gross increase of 12.83 per cent Katy L—.... common after pi 1.79 per cent, Court sustains constitutionality of Muel- .declined .86 per cent. Twenty active railroads advanced .14 per cent. the recent .. ....... w buy except In very small lota. The market at the close was steady, with prlcest un changed to *c higher. STOCKS REVIEWED BY NEW YORK SUN New York, Sept. 17.—The Sun sere: After n strong opening lset Monilny the stock merket re*ctc<l eomewbet nnd fluctustrd rather nervously throughout the week, pre serving, however, s general undertone of greet etrength. It esn only be snltl that the outlook le for higher velues. YVe sre atlll ndmtttodlr not entirely out ot the wood* a* regard* the money eltnstlon, and yet It seems ss If this wee s matter wholly and abundantly under control. Engagement* of gold for our account In foreign psrto lit tho course of the last fortnight have footed up try before the movement cense,. While year, CVlUHai/ ■cell! inuiqiiqi- sssiss nothing like stms In thle renpcct trill ngnln tin witnessed. As concerns tho constructive aids of the market, proeperlty of tho conn- Missouri Pacific Was the Strongest of the General Railroad List. New York. SopL 17.—Tho confidence In spired by the restoration of the surplus Imnk reserves and the belief thnt the local money position la really very much stronger than Saturday's figures revealed, was again powerfully reflected In today’s stock mar ket. According to London advices, J2.0OO.000 more gold was tnkerf there this morning fur export to this side. Although do official confirmation was given by Importing houses here of the transaction, the banks gutnrtl from the sub-treasury since Friday $2,iCX>.000 nnd the week bagan actively with a sub stantial credit In their favor. There was no change In money rates from what they were ruling nt the latter half of last week. Loans were freely mnde to stock exohnnje borrowers nt 5 per cent, nnd 6 per cent was still obtainable by borrowers on long time having first-class collateral to offer. The mnrket started off with considerable Irregularity, following a somewhat uncer tain opening In London. Rut during the first bout Bending, Baltimore and Ohio, l’eniisylvnnln. Louisville nnd Nashville and New York <’entrnl were bid up on heavy trading. While feeling the encouragement of the locomotive company’s splendid re port, the entire group of railway equipment -rocks made sharp advances. Tho Copper sharer were also bought with imi' i, »'iiiiiM.-iluNiji. Tnuiir-l mid day. how ever, speculative Interest ngnln shifted Into was atrong and mauy stocks mnde shnrp advances. The leaders In the trading were Read log, Missouri pacific, Baltimore and Ohio aud Steel preferred. There was only a scant supply of Reading nt the open ing. and after a few sales at 162. tho prlcr thelr bull readjustment of try Is such that the‘general phrases necei sarlly used to describe It nro weak and (fyr huge harvests havo Justly Inspired S U classes of people with confidence, nnd i consequence orders nro being addressed to the manufacturing centers by railroad companies tor new supplies and materials of every description In n way that Insures profits to these concerns for at least six months ahead. There nro few. If any, sa gacious observers who are Inclined to re gard ns of substantial adverse importance In view of the existence of great favorable factors thnt have been named, such mat ter* ot political debate n* have recently bo- come prominent.—Gibert ft Hay. of the —- .—PHI— the holding of tha coal lands. Tho «na.. was the Incentive for most of the S of Baltimore and Ohio, which rote ,, against 12S?4 at tL« close Saturday. Amnlgnmated had on excited opening, nnd J dvanced In early trading to 114*. Anneon- a roae In the same time 4* to 288*. Mis souri Pacific was the strongest feature of the general railroad list, advancing to 100* after early sales nt 99»d. A largo num ber of otnor stocks mnde gains ranging from small fractions to over 1 point. Lo Other bonds flrm. THE LONDON STOCK MARKET. Atchison.. .. Canadian Pacific.. ., .... . ('hie., MU. and St. Paul Erie .... Illinois Central... .. .. .. .. J.oulsvlllo nnd Nashville Reading .. .. Pennsylvania »• Southern Pacific.. ,» «• •• Union Pacific.. •• United State* Steel .. do, preferred [2pm]cios|rioj .... 287* 287*.2824 IOS*!ins*fl08i, 17S<ll7*SH78 —* 177* 178 48 \ I 173 171* 162* 150* 154*1149*4 143% 143 94*1 94* « |18S\ . 46*' 46* 106%il07*!l06*4 94* THE 8UOAR MARKET. New York, Sept. 17,-The local refined and raw suMr mnrkets were steady nml un changed. London beet sugar weak; Sep tember off 1*<1 at 10s l*d, nnd October off 3d at 9s 0*d. Wheat.. Cora,. Oats., , Hogs.. am 80000 253 30000 NORTHWE8T CAR8. The following figures give tha northwest cars of today, ust waak and Inst year: !#ast Last Today. Week. Year. Minneapolis. Duluth. ... . SOUTHERN EXCHANGE Oldest Eetabllflhed Office South. COTTON STOCK BONDS GRAIN Ground Floor Ooulil Building. Dally mnrket letter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Cormpondent’s Capital $250,000 REPKRINCC. THE NEAL BANK PHONE 14(7. PRUDENTIAL BLOC Frank Hawkins, President H. M. Atkinson, V. P. Thoms* C. Erwin, Asst. Cashier. Joseph A. McCord, CaoMer. R. W. Dyers, Asst Cashier. Third National Bank Capital Surplus $200,000.00. $300,000.00. DIRECTORS I Frank Hawkins. H. M. Atkinson. Joseph A. McCord. J. II. Nnnnnlly. J. Carroll Payna. E. B. Hosaer.. David Woodward. 32 % Compound Interest Is the rate your money will draw If depoilted In the 8AVINGS DEPARTMENT of • . CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and Inapeet our quarters and investigate our facilities to eerve you. A hearty welcome awaits you at thla bank. ASA G. CANDLER, President. W. H. PATTERSON, Vlcs-Pres. . A. P. COLES, Cashier. JOHN 8. OWEN8. Vlce-Pres. WM. D. OWENS, Asst. Cashier. COTTON^cftAm, f’RO^ISIONsS'm^KS^BONDS, ffe. 2 Will St., Ftttrs tulMltif, Atlals, 0b. fnr far! Caffaa fxtftae#*. Chlago Board it Trade. Mow Orltani Cotton tiehongr. Ckhaao Stotk itthango. Ihtrpool Cotton Aoootlatloo. rrlrato WUti fa Mow York, Sow Orloaaa, Chicago. Boll Pbont 1262. 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. WM. L. PEEL. President ROBERT F. MADDOX, Vico President MADDOX-R ETCKER 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 Modem Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co. MQgQQgQggggittpQpwopgoooggMggqaBQBeBWggBgoogqoaggagggggBWQpmiQQooDaoifl