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THE ATLANTA GEORGIAN. 11 »iron IS OIIIET IT THfJPfMG 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. 'Speculation nn*l export' BOO; re- Si" i» Amerlrnn *». N*w" , Vor"k. qulut* at 'moc; delivered uu "sew'orlrtin.. firm at S S-lSc. Augusta. steady nt ,94c-. NEWS AND GOSSIP Of the Fleecy Staple. New York. Sept. 17.— Business nt opening <<f the local cotton market rerv quiet, hnt price* were steady nt nn nilvnnee of lfi3 point* on the cable* and re port* of front In AlBhainn. No fro*t wits ihown on the map. however, and trade be Hered that It wns somewhere In the hill country 11U11 „ .... this side,’ nnd In rcapriuae New y„rk opened I#i3 polut* higher, hut on n light demand price* sagged some 5$j7 polnta during the enrly morning. The market steadied nt the low point with large floor trader* buying freely, nnd Wall street house* covering on froat report* MU« uiles will Issue n report tomorrow or Wednesday. It In thought It will be bullish, as floor broker* thought to he net |ng for Hutton Imught 10,000 boles Octohe imd e tiering* somewhat light. Following Is the rnnge of the netlvu mouths In Liverpool today: Oct.-Nov Jan. Fel: Mrh.-Ap Mny-J' I Open. Ill If h. f 6.044 . Prev. Low.lt’lMcJCIoKe. *5.02 I 5.004 5.034r S.rt|i,4 5.0741 6.054 5.11 1 6.QSV uuparhtlvv receipts at United States Iiecrenne ..23.994 Total since September 1 264,697 c • ini>» tJ.1 clpts tomorrow: .205,254 1906. 1905. 7.000 to 9.000 1.745 19,000 to 21.000 lS.721 . . ..19.3(0 to 20,300 20,282 cry steady at advance* of Prir.l. wir, to Glhert & cm., *»* w * h - inL‘ , m rp 22. l .. c l h i; , LJi'i l " rke, , 0 " ,| ,r «t open- fertng* 1 fro,t *“ A1 * banil1 . »nd nothing of AlVlmilu”' cnW " u,: " Fro,t '• reported In SB S££ nV,sgs?sf& f * IjftT\ n *li V ! * 1 , . ul . the lulseeltaneoua' trade In thst direction I* large. The heavy £?£*«!!*Jl° »<* re«j»ond to the large buy. Ing In other line*, hut It Js pointed out by export house* that China reporta are more encouraging than domestic 1 prices in the early summer." Orleans. Sept. 17.-Liverpool at 34 U P, *■ *4 excellent market. Was due lfil P°lnt* higher. We should open 6@7 point* "V Memphis Commercial Appeal weekly tp summary snv*: "Deterioration In the mu crop condition* since the middle of August » a fact well certified to, yet. though the loss has been considerable from a promise which was then exceptional, innuy correspondent* are still hopeful of a good. yield. The past week ha* been fn- vornble to the opening of cotton. Excess* ive beat has retarded gathering. The gen era disposition seems to l»e to market early cotton." Exporters continue to buy contract! In this market. Today's slight decline due to the con tinued fnvornble wenther, the only moist ure recorded being nu Atlantic and gull coast* and nt Fort Hmlth. Ark., but clear and dry weather generally prevails. The absurd manipulation of the foreign mnrket by frost reports In Alnhnnm causing n little more bear aggressiveness. A special from Houston, Tex., aays: "A majority of the reports show that as much cotton will be made as Inst year except In south Texns. where there has Ir." 4 falling off. This la partially ex plained by the fnct that there was verv little weevil damage In this section last season, and that * crop much larger thnu expected was made, wherms this *eason the |*est loss has been ns (trice as would have been regarded as normal Inst season." The western forecast Indicates showers tonight and tomorrow, with colder weath- Edited by Joseph B. Lively MARKETS Mr. Lively** twenty-flre years' experience of ed iting market* In Atlanta and the South baa made htm a recognized au thority in hi* specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Temple, Tex.: "Weather perfect. Two wc;ks like this would make a big im provement, especially where late. Move- Private Wire to Ware & Lein ml. New York. Kept. 17.—Liverpool cables; "At the opening, mnrket wns easier on scat tered hedging, although quantity moderate: than expected on Liverpool cable* her Inst report. TODAY’S PORT RECEIPTS. The following table show* receipts nt the |M>ru today, compared with the same day 4821 12711 114* 2264 18715 2124 19441 INTERIOR MOVEMENT. The following table shows receipt* nt the Interior towns today, compared with the wine day Inst year: WEATHER IN COTTON BELT. Tevis Tcxnrknnn, -cloudy, 77; Bonham, "” r - '* Sherman, clear. 85; Corsicana, !r nr ‘ Tyler, clear, 73; Greenville, clear. 2-lj'“.ton. clear. 77: Shreveport, clear, 75: Jjfcl.ili.nuri, Hear. 70; Wnxnhntchle; clear. 80; Mointiin, o|enr. 83;. Ardmore, dear. 76; Enid. ? ,n, »R; *«: Gainesville, clear. 76; Waco. iar. ,4; Temple, clear, 71; Taylor, dear. '•nivoMon. dour. 80: Austin, dear, 82: clear? 78; Pine Bluff, clear, 75; 76. Alahniiin Troy, cloudy nnd pleasant; Ml i! nnd pleasant, hard rain Inst c'*!}' ' 1 ’'dgomery nnd Opelika, cloudy nnd "d; Alhany-and Knvnnnnh, cloudy and fool. WEATHER FORECAST. m. Western Florida. Alabama. "TO'I'P.I ••'«*«* Monday: Tuesday showers JUiinder storms: light variable wind*. 11 1 n,r Monday nnd Tuesday; fresh fit""' '‘'lifting to southeast winds, dor V M11 *■ lorlda—Fair Monday and Tues- ^thfast" w!nd* r, r * tbe **•* coast; fresh ,> *ns—Thunder storms Monday ii nn,],.,- northwest portion; Tuesdny ' * — In south portion. and selling by commission lmusas. Locals botight a little around the opening. See very little In mnrket nt the moment, nnd believe we are In for n quiet market, unless linage take* place In wenther condi tions. Local crowd taking advantage of light demnnd for cotton nnd are hammering the market. ’nrpenter, Raggott ft Co. say: "We rath- think the top In prices has been reneli ed and lower prices will rule for the near future, and sales should be made on very hard spots." The mnrket Is very dull, but It has a good tone mi bidding by ring traders. Mason, Smith and Clay nre doing moat of (lie bidding. The weather map Is favorable. No rain reported over belt nnd temperatures mod rntely high. Indications for cooler weath Report* of front In Alabama nre l»elng cir culated. but private ’telegram* Just in de ny them. . „ , The net stock of cotton In New Orleans Is 18.615 bale*, against 49.527 Inst year. The umouiit of cotton on shipboard is 6, 667 bales, against 5,975 last year. NAME OF STOCK. Amalgamated Copper. Atlantic Coast line. .. American Sugar Kef. ,, • Anaconda American Locomotive.. • . <lo, preferred Atuer. smelting Ref. . . .. do, preferred Atchison • . do. preferred American Cotton Oil, . . Atncr. Car Foundry. . A Ohio. ».?. : ghawwr::::: Colorado Fuel A iron.. Central Leather d°. preferred. . . . Chic. & Great West'll. 5jhlc., MU. ft St. P. . . JJfifwtre ft Hudsoo. .. Erie W * s ««urltlua. .. do, preferred.’ .* .*.’! General Electric. . . . Illinois Central Amer. Ice Securities. ., Louisville ft Nashville.. Mexican Central Missouri Pacific NAMf OF 8TOCK. N. \\, dnt. ft Western. . National Lead Northern Pacific New York Central. . . . Norfolk ft Western. .. . 'Pennsylvania People's Gas Pressed Steel Car. . . . do. preferred Pacific Mall Reading Republic Steel Hoek Island do. preferred United states Robber. . do. preferred Southern Pacific Southern Railway. . . . do. preferred Sloss-Sheffleld Tenn. Coal ft Iron. . . . Texas ft Pacific, ..... Union Pacific United States Steel. . . do. preferred, Western Union. Wabash do. preferred. Total stock ealee today 1.666.660 shareT NEW YORK. in. la ■ York l Sept. , . , . Oct . . . . Nov Dec Jan Feb March. . . . May. Co««l verjr iteady II mi t.02-03 9.16-16 I 9.29-30 9.37-38 9.44-46 | 9.52-53 9.65-67 8.91-91 9.04-06 9,90 9.27-2S 9.36-88 9.43-44 9.66-66 NOTES ON GRAIN Pointers on ProYlilont. New York. Sept. 17.-Operations In the cotton market were of a somewhat mixed character, and the pressure exerted early In the dav carried prices hack to Satur- •lav's low'figures, nft'W which the market proceeded to rally even more sharply than mi the former decline, December working back to 9.28. For some reason or other, there wns no more cotton wanted on decline than seemed to be for sale, and when professional shorts attempted to cover prices ran up readily. Trading was quite active amt the undertone showed defer- mined resistance to .pressure, oven at the 10-polnt advance Hint took place In the dav. Reports from the south continue to show deterioration, but the strength the mnrket ' 4 ‘ rptioti *'f sp 'irrespondlng li»dtsp«*slt 1- i>f larger Interests t •ounts. It l«»oks t prices had reached to steady' nb- exporters, nnd on the part II than to drop no- much as though point where the de- less*—Fair In south: showers "*• i In north portion Monday; Tnes- C'M'ler In south |s»rtlon. >h..u. ••rs this afternoon or tomor- I'lr tonight and tomorrow; cooler, "in Shower* nnd cooler tonight; fair -(• r tomorrow. j;-l;nlr and cooler tonight; warm- kn—Fair tonight and cooler; tomor* ..... I Znrm trade was sufficient to nlMorl, ofT.,rlm:* mill look i>ftcr Uio ihort n.tlon Hint fm» Itoon jimiroil Into the mnr- kot trinii 11 mo t„ tlmo. It J« eenemlly known Hint nn oxlon-lvo «h,irt Inter,'«t of ii c«u,'on.rutoil variety o*l§t« In on, or two aunrtont. tinl tin.lor Iho olronmatnnoo. It won!.) not »urprl*e th„ i-enl oponitor. If thono allot tn -vero forwt to emr o f„r„ the next httreno reimrt. Holton awtro. to ho o. purcknao on ovorjr aoft apot. Tito at.,ok nntrkot mlvnncod furthor todnr tone apoololty tinea nnd vlgorou, pot,I ianlptllntlon, with nn Imwonao n outa .ln .oroat mnl n (food torn; to tho notlvn Uat. The market Is checkeul on tw agfftvsstxe advances by the banking element. of the money conditions, according to our Information. The rather monotonous ad- of buying oil reactions, therefore, in to us the best to be reiterated, nnd best results have been and will l*e iiv following such a policy, nnd condition* n?e si cl that If conservatism l« now pun sued a broad market may be later ex- .d wltltn v—> ,’Xtrnatve nuMtln «-««• ilnthm Thet-c Is n great deal of maiilpu- atlon to sn«mfn lpf«/9«<* l hnf ty* tl Jsiiected «t the ln*»eptlon of a gt*v1 nnrkJF Thor" r.rn ratuy "ppnrtnnlllM ti,'w prewnh'd for proflt through Judiciott. op- era tions. _ GIBEBT 4 D C A L ,^ ,8 C0TT0 N LETTER o^otM^tter^To'OTnttjSjil iruined 1 to 2 points over Saturday s final f?„u! whl". S.OOO huloa of .pot. wore .old n, T h" *Amorl«lh’ tnnrkota’ doojlnod to M- . *" i »1„, opening to the Improvement X ,1 and wK workod allfhtly lower nn tl . aoiirri lly ftivonthlo ,-horn,-tor of tho 2n»,h ,r roriH-aat for tomorrow, howevor. fffit n-naanrltiK. n« ludlMtloti, tiro for fur- it nnd lower temperittttrea. In the itote of TM«» "TpLlkllf " renllMtlon of 2*h I roapccta wonltl prolmhly eottae aome otlela/itea. for the movement Itlretidy hna Seen grentlv Interfered with thro,ml; fro- "'•on .. . ,1,,- reported aearelty of B ra " dry weather ta hmlly t.ee.le.1 itl mattlf « in the eectlot,. wfc.-re tho ‘'The market’, undertone haa undergone lit- •t. if niiv change In the stendiness of the .'...Mteoet inarketr hot retleetu on ,Hitml lireimtli In the apot altuatloit. Exporter. 2,v.. l,een of lnte *00,1 httrere of options m„l tile only Inlluenee In algfit to effectually fng more ■'fnvornble''to the' fou ilJo" of wheat. . - „r, everything bf e«v>ry- l»ody In corn Kldston supported market below 43c. There seems to lie a few buy- orders here. .'revisions a shade lower. Packers doing nothing so far. Moderate Investment buy ing of January ribs. Pit traders selling; trndo light. rnpldly since July 1, and India also has dropped out of the severe competition which American wheat has met In the Kuropeau market. It remains to be demonstrated If the European countries can remain Indo pendent nt ft time when they are relying upon America for about bnlf of their cur rent weekly Imports." Each day of favorable wenther la bring ing millions of lato corn out of the way of danger of frost. A number who have boon successful on the short side of tho mar ket from above 50 down have latterly 1w»et» quietly taking the long olds on a fairly »le. LIVERPOOL. The following figures give the opening rnnge and close, compared with yesterday's Futures opened quiet and steady. Opening. previous Range. Close. Close. September 6.21 5.22 6.204 5.19 Sept.-Oct 6.06 -5.084 6.064 6.06 Oct.-Nov 5.01 -5.00 6.02 6.004 Nov.-Dee 6.004-5.04 6.01»' * “ Dec.-Jan 5.0145.03 6.021 Jnn.-Feb 5.02 -5.014 6.08' Feb.-March 6.054 5.W March-April 5.06 -5.09 5.07 1 ,A.0i .5.10 6.09 .5.09 -5.12 6.11 5.00 steady. 6.084 ILL THE CEREALS OPENED HIGHER Higher Cables and a Better Demand Were the Chief Bull Factors. „ gl eminent crop report showing thnt the yield of this year wns about 160,000 bushels less than thnt of last year bad a decided In fluence on onts. Provisions faIrlv.. steady and dull today. Packers not hlddlug for anything as yet. There Is some selling of January stuff by brokers that looks like Cudahy. Commis sion houses have buying orders for January ribs. Chicago Inter Ocenn: "America la fur nishing 40 per cent of the wheat exported by all of the countries of the world, said one of the largest cash hnndler* who has been extremely bearish on whent for a month, but he thinks It Is time to look will the foreign- ... -Jgn* do without supplies, considering tho large percentage we ore sending them, as compared with other countries? Foreign ers must hnve some wheat, and we have It to sell, but It looks to me ns though the foreigner will have to come nfter wheat from bow on.” "Bulls on whent In the northwest sre sending out reports of disappointing con ditions for effect," said M. P. Wntsomof Minneapolis, who wns here Saturday. "The wheat is there, nevertheless, nnd will move In time. Cars nre scarce, ami other crops have to ho moved, Which la causing Jno disappointment lu receipts.^ lu Minneapolis there were 480 cars on tracks Saturday. A message from there said. There are com plaints from the country about ears, as ele vators nre full. Rolns nsve not l*een heavy onougg to Interfere with threshing ret. Packing In Chicago alnce March 1 ahowa an Increase of 197.000 bogs over last year. M'CULLOUGH BROS.' FRUIT AND PRODUCE LETTER Atlanta, Sept. 15.—Both live and dressed poultry nre nud have been very scarce for weakness with Indications of eveu iartber decline 41 .. , A steady Improvement la noticeable In the butter mnrket, prices being letter now thnu for some time pasr. Irish potatoes In very light supply with prices advancing rnpldly. Both receipts nml demand on cabbage B< Sweet potntoes plentiful with prices show Ing a lower tendency. change of note applies to onion*, sket grapes from Ohio and Mlehlgsr points In liberal supply. However, thf demand seems to wnrmnt their prompt dis position at satisfactory values. v The demnnd Is also strong for California fruit, especially Tokay grapes and freestone **The"first Florida oranges of the **e*OD *re now on the market. However, they are too green to nell to nuy advantage. Lemons continue very high; lu fact, *r# now selling for more money than tor sev* * >l RanAnas nrT atlPfaufficiently low to au thorise n llheral and general consumption Apples very plentiful, with prices declin ing. Chicago, Sept. 17.—The bears In grain were again victorious, the best prices failing to hold to the close. There was long grain to come out and short lines were put out by hedgers cut well as the "dyed-ln-the-wool" bears. There were Increases In the visible supply of 1,029,000 bushels of wheat, 1,000,000 bushels com 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- ate Is a private one. Closing prices showed wheat 3-8® 3-4c lower. Corn, 3-8®>l-2c lower. Oats, l-8G>l-4c up to l-8«*l-4c ofT, nnd provisions fractionally lower. Cash wheat was in fair demand and steady; corn, l-2^1c lower; oats, l-4c lower. Offerings of new corn were larger. Cash houses sold corn and oats. Provisions were dull all day. Primary receipts of wheat 1,300,000 bushels and corn 730,000 bushels, com pared with 1,608,000 and 692,000, re spectlvely, a year ago. Clearances were 908,000 bushels of wheat, with flour Included as wheat; 89,000 com, and 14,000 bushels oats. Cash sales here were 7,000 bushels wheat, 60,000 bushels corn and 67,000 bushels oats. NEW ORLEANS. tnres In New Orleans today: TIPS FLASHED Prom Wall Street Private Wire to Glhert ft Clny. New York, flppt. 17.—This week’s happen' Ings will almost surely Include some Impor tant development connected with the shares. The coalers promise forth strength, particularly Ene, while the move ment In the Pennsylvania group looks ex tremely Important and Imllcnte* buying of the right kind. Monetary conditions are better, ns reflected by the bank statement, and our private cables this morning advise "Gold to the — —- - — w — —- . - .. .. — _ _ - m l tod open market for ahlpiuent to New Expect Improvement In the stock market Nlny, hut would take profits on the bulges. Wo may be wrong, nut venture the pre- diction that Copper will lie the feature this week. Erie looks good, nnd we understand Mor an Interests nre bullish on It. New York Flnnnclnl Bureau: Bullish dnmentafs nre strongly optimistic. Tech nique Is good. From duV to day stoeks seem to be removed, one of the almost certain signs of continued Improvement. Money fuud* Indicate thnt no stringency will oc cur, but flurries are likely, nud ea*/ condi tions will not rule for some time. But spe cialty movements are not profited by this sltuntlou. The smaller pools nre being encouraged to further aggression, which Is a sign of luslde optimism. Private Wire to Ware ft Leland. New Y'ork, Sept. 17.—Ixmdon firm with special strength iu Louisville nnd Nashville, Southern Pacific nnd Amalgamated Copper. Two ndlllous gold engaged for New York In I/ondon. Further advances mnr take dace In Itcndlug nnd Baltimore and Ohio, mt think they should ultimately bo sold. Hesr that Norfolk and Western will cross par this week nnd Pennsylvania and Chess- Hept. . . Oct. , . Nov. . . Dec. . . Jnn. . . Feb. . . March. , May. . Close losed very steady. aim 9.24-26 .... 9.26-28 9.99 9.29-30 9.38-39 9.44-46 9.62-53 9.66-66 9.16- 16 9.17- 19 9.19-2* 9.23-29 9.35-37 9.42-43 9.55 Ohio. for Baltimore and COTTON CONDITION IS SATISFACTORY New Orleans. Sent. 17.—Reports to us from a lnrge portion of the cotton-producing re gion Indicate that the crop la doing fairly well In most sections, although complaints of rust, shedding nnd rot nre made from localities lu the central nnd east belt*. There seems to lie no dodging the fact thnt the crop Is soniewlint Into over a g<»od jior- rising *"* :hnt they li ——■ -v«— •• ..olng well . _ and the deterioration which some operators have mnde so much of Is not taking place. Little damage by Insects Is Indicated and picking Is progressing rapidly nnd farmers nre disposed to sell nt the mnrket. Reports from Mississippi nre not so good, nn they Indicate considerable deterioration, but they state that much cetton Is open nnd thnt gins are running full time lu ninny coun ties. In spite of the deterioration, the opin ion is expressed thnt more cotton will bo raised thap Inst year In tho majority of localities. Georgia romplnlna of too much rain. The crop In that state Is undoubt- tte. In Alabama the ginning seems well behind Inst year nnd complaints of rust are numerous. At the same time no seems to anticipate n short yield when pared with last year. Taking the belt - whole, farmer* nre inclined to sell at the mnrket and there Is little dlsnoaltlon to heed the efforts of the Southern Cotton As sociation to fix the minimum price nt 10c. In many localities, however, the opinion Is that farmern will hold It the price to them falls much below 9c. CHICAGO GRAIN MARKET. GIBERT & CLAY “ *• ALABAMA I STOCK*. »ONBJ, COTTON, CRAIN, coVr«p (iovisioNS ATLANTA. OA J"?-*'** ««rtin**|N*w OriMni Cotton * !u ® »«888isste 8riS5 K r o?«|n. l t?Xn Cotton K.ch.0CA i Prtvito Wire, to oil Eicb»n«M. pAQAN. Mnnigor, ‘-Ml *nd Lons DUtanen Talaphorta 6298. W. n. FAWtnHms alonzo richardson & co. PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main 858. ATLANTA. GEORGIA. NEW YORK COFFEE MARKET, Now York. sept. 17.—Tho roffw mnrkot onenod steady, according to the official aes- fanntlm. nt * dtollno nt JO to JS point,, nl- thonftU on the opening »nle» It looked no though the .leeline wn. not netuallr grenter thnu"S to 15 imliitn. The mnrket nhowed Itn ntemlltienn of tone hy holding nround to n little Iwtler thnu the owning !lgiin» dur ing the morning nnd nt mld-dny wnn S to 10 net lower.—Olhert k Clny. Following In the opening rnnge nnd cImo of the New York coffen market for to- OnenVif « gr.crA 7.60- TJ* 7 >6 7.J6 7.19-7.18 6.40- 6. U 6.40- 6.4'* 6.60- 6.64 6.604J8 January i^kir April 1% jone.*..:*w " juiv 7J9-7.29 AuW.t; HSiS Heptember October 9-|® November Hir € ' W Deeeaifter rinsed steady. remove the natural Imrrier of resistance seem* to lie the weight of actual cotton when the movement becomes freer. for today Previous Open. High. Low. Close. Close. WHEAT— p i 1 11 Erih kill OATS— S.£i ill Jail... 18.00 LARD- «ept... 8.874 Oct.... 8.874 Jan.... 7.76 8IDE8- Hept... 9.96 8.874 8.874 7.75 8.85 8.824 7.70 1.85 8.924 9.824' 6-90 7.70 7.76 T.:: » IS *?an%«AW« '•* 7 '°° No. 2 red 724078: No. 8 do 710724: No. 2 hard winter 714074; So. 3 do 69072. THE LIVERPOOL GRAIN "MARKET. 4e higher; rioted 4c Corn—Opened mwor; ai i:w p. m., 404c lower; cloaetl unchanged! to 4c low- THE PRIMARY MOVEMENT. jpts 730,000 bushels, sgnlust 602,000 bushels last year: shipment* 541,000 bushels, against l^Bi.OOO bushels last year. COTTON 8EED OIL MARKET. New Y'ork, Nept 17.—The market for cot ton seed oil wns steady. The name support thnt characterized the previous day’s trad ing wna In evidence on Haturday, and offer ings wen* light. There continued a good demand from exportern and also from din- trllmtors. Crude was Ann nt the South, with offerings light, nnd notwithstanding the recent lll*eral ndvnuca It was hnrd to buy except In very small-fet*. The market nt the close was steady, with prtcest un changed to 4c higher. September. ..... Oct»»|*er. ...... November Deccml*er January. ...... March closed steady.* Sales’l,ioo'October"at^M^T CHICAGO CAR LOTS. Today. Tomor. It Is confidently expected thnt Car Foun- rv will declare a dividend on the common ills yenr. Good buying of It. Ilarrlnmn Pacific acting well nnd think Steels should do l»etter. Dow-Jones ft Co.’s summary: Amerlcnu stocks In London firm, with special strength In Amalgamated and Southern Pacific. Four hundred thousand pounds sterling bar gold iMiught In I.OMlon for New York. Thirty-eight roads for first week of Sep- tomber show average gross Increase of 12.83 per cent. Katy annual report shows surplus for common after preferred dividend equal to J.79 per cent. Court sustains constitutionality of Muel ler law giving city of Chicago power to acquire ownership of street car lines. Twelve industrials declined .38 per cent. Twenty active railroads advanced .14 per cent. STOCKS REVIEWED BY NEW YORK SUN New York, Hept. 17.-The Hun says: After n strong opening Inst Monday the stock market reacted somewhat nnd fluctuated rather nervously throughout the week, pre serving. however, a general undertone of great strength. It can only be said that the outlook Is for higher values. We are still admittedly not entirely out of the woods ns regards the money situation, and yet It seems ns if this was a matter wholly and abundantly under control. Engagements of gold for our account In foreign parts lu the course of the last fortnight have footed up over 426,000,000, nnd It Is regarded as proba- bln by our best Iwinkors that at least 880,* 000,000 of gold will be brought Into the coun try before the movement ^cessea. while there may l*e occasional spurts In money rates In wall street before the end of the year, it certainly doe* seem probable that nothing like stress in this respect will egaln he witnessed. As concern* the constructive side of the mnrket. prosperity of the coun try Is snch that the general phraaea neces sarily used to describe It are weak and '"fur huge harvests have Justly inspired all classes of people with confidenco, and in consequence orders nre being addressed to the manufacturing center* by railroad companies for new supplies and materials of every description In a way that Insures profits to these concerns for at least six months nhead. There are few. If an/, sa gacious observers who. are Inclined to ra* gnrd as of snbatnntisl adverse Importance In view of the existence of great favorable fnctora that hnve been named, auch mat ter* of political debate aa have recently be- come prominent.—Glhert ft Clay, START WAS HIGHER FOR MOST ISSOES Stocks Showed Strength .and Made Sharp Ad vances First Hour READING WAS SCARCE Missouri Pacific Was the Strongest of the General Railroad Lifet. New York, Sept, it.—The confidence in spired by the restoration of the surplus bank reserve* and the belief thnt the local money position Is really vary much stronger than Haturday'* figure* revealed, wns again powerfully reflected In today’s atoek mar ket. According to London advices, 42.000,000 js^Bfia ** '“‘iMf „ , ieial Importing bouse* hero of the transaction, the banks gnlnrtl from the sub-treasury since Friday 42,i00,000 and the week liegnn actively with a sub stantial credit In their favor. Loans were freely made to .... ... ... ... . . nd 6 per cent was stfii obtainable by borrower* on long time haring first-class collateral to offer. The market started off with considerable Irregularity, following a somewhat uncer tain opening la London. Hut during the first hour Rending, Baltimore nnd Ohlo^ [*ennsylvnula. Louisville and Nashville and New York Central were bid np on heavy trading. While feeling the encouragement of the locomotive company's splendid re port. the entire group of railway equipment stocks made aharp^auvauces. Tho Copper shares were also bought with murh enthusiasm. Toward mld-dny, how ever, spernlatlve Interest again shifted Into he pacific stocks, carrying Southern i'aclfle 5 to a new high record and causing a rapid • In Union 1'adflc nnd 8t. Haul. The market all through the first hour ./as strong nnd many stocks made sharp advances. The lenders In the trading were Reading, Missouri Pacific, Baltimore nnd Ohio nnd Hteel preferred. There waa only a scant supply of Itr-ndfmc nt the open ing, and nfter n tew sales nt 152. the price rose to 1644 on buying mostly by traders m ho based their hull opera tions on the re- ulated of Ilarrlnmn control and of a readjustment of the holding nf the coal land*. Tho wnio story wnn the Inec-utiya fnt iuott of the I.living of Baltimore end Ohio, which rose t« J244. against 125* at the clos# Hatnrdsy. Amalgamated hnd nn excited opening, nml advanced In early trading to 1144- Anacon da rose In the same time 44 to 288?i- Mis souri Pacific wna the strongest feature of the general railroad list, advancing to 1004 after early sales at 9*4 ; A targe num ber of other atocka mnde gains ranging from small fraction* to over 1 nolnt. Lon don bought moderately In the first few minutes, hut later turned seller. Government bond* unchanged. Other bonds firm. THE LONDON 8TOCK MARKET. ciojrio. STOCKS- Anaconda. Atchison Canadian Pacific.. .... Chic.i Mil. and Bt. Paul.... Erie , Illinois Central... .... .. . Louisville and Nashville... . Reading.. Pennsylvania.. .. .. Southern Pacific Union Pariftc.. .. .. *. . United State* Hteel.. .. ». . do, preferred. THE 8UGAR MARKET. New York, Hept. 17.—The local refined and raw sugar markets ware steady and un changed: I/>ndon beet sugar, weak; Sep tember off I4d at 10s 14d. and October off Id at ta 94d. 30000 30000 NORTHWEST CAR8. The following figures give the northwest csrs of today, last week and Inst year: Last Last Today. Week. Yenr. Frank Hawkins, President. _ .. H. M. Atkinson. V. P. Tnomaa O. Erwin, Asst. Cashier. Joseph A. McCord, Cashier. R. W. Wyera, Asst. Cashier. tfnsoa, V. McCord, Third Capital Surplus .... A. W. Clbora. Milton Durian. Jolm W. Grunt. li. Y. McCord. National Bank . . . . $200,000.00. . . . . $300,000.00. J. IL Nunnully. . J. Cnrrollr«7n*. David WowlWard. Dl RECTORS! h"m. ’iJJSISS. Joseph A. McCord. SOUTHERN EXCHANGE Oldeat E.tabllahed Office South. CBITOS STOCKS—BONDS—GRAIN Ground Floor Oould Butldlnc. Dully mnrkot letter and market manual mulled on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 SCFERCNCe. THE NEAL BANK PHONE 1417. PRUDENTIAL DLDG COTTOfVGRAm, ^ROVISISn&.Hto^KS^BONDS, He. 2 Wall SI.. Peters Building, Attests, Cm. i««/ Coffee A i tale (lot Cllcaff Beerd CMcsj *• Ifew J Mess# ste< i EKMRfe. w fork Ceffee leckeege, 0. C C0THMAA, Messier. - * rf>lHi 31 % Compound Interest I. the rate your mon.y will draw If deposited In the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You ere Invited to call and inepect our quarter# and Inveatlgata our facllitlee to eervo you. A hearty welcome awalte you at this bank. AtA Q. CANDLER, President. W. H. PATTERSON, Vlce-Prei. A. P. COLES, Caehler. JOHN S. OWEN8, Vlee-^ree. WM. D. OWENS, Aaat. Caahler. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers' Letters of Credit available in ail parts of the world. WM. L. PEFL. President ROBERT F. MADDOX, Vice President iHADDOX-RDCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $800,000.00 , 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 SecuHly and all Modern Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co.