The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 20, 1906, Image 11

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•1HJ5 ATLANTA GEORGIAN. nitmsnAT, arrTnMnBn *\ iro*. It BOTTOM MARKET SCALPING AFFAIR poor ' Cables and Good Weather Induced Selling Early in Session. FIRST PRICES LOWER. Fluctuations Covered Very Narrow Range—Busi ness Mostly Pro fessional. New York, Sept. 20.—Scalping con ditions prevailed at the opening of the local cotton market today, with sell ers predominating on account of poor cables and -ood weather through the belt, with the exception of further rains In some of the Eastern states. First prices wore 3 to 5 points lower, and after the call they worked off a point or two more. The the r<»ttojv mnrke „ ..... S rnfpffftloiml eminent Is inn king on effort to o business, but as money rankern they ire hot very successful. — * ey ... .... They nr* l»enr*. .... .. rule, nonce their efforts nre gener ally against advance*. I.lternture from ibis element la generally made up of Ideal crop conditions and promise of n hum per yield. They seldom uae information of a bullish nature. The following Itema with reference to the weather nnd crop prospects were tent out prospects of three weeks ago, still promise « good yield. Matches, Mlss.-Condltlon* unchanged for NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to albert * Clay. New York, Sept. *>.-Ttae market Is too narrow to expect much, but we are likely *° bold these prices until the movement Is sufficient to supply the Septemlter-October □ ulrewents, which nre shout 1,000,000 es. The local traders are selling this morning. General business yery amah. Carpenter, Baggett & Co. ssr: "IVe do not anticipate any material adyance, and would rather prefer (ticking to tho ntfcrt side. IUck Bros. & Co. gay: “The lateness of . .. or< ?P l* Hkely to give un some superfi cially bullish census report* in the early part of the season. For this reason an i mucous Idea us to the site of the crop likely to get abroad. In the end we thl much lower prices will prevail." Now Orleans, Sept. 30.—Market very quiet Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-fire years' experience of ed iting markets In Atlanta nnd the South has made him a recognised au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Interest manifested with very little by either side. A dispatch from Calvert, Robinson coun ty. Texas, snys: **A light shower of rain fell here yesterday, but not enough to re tnrd cotton picking. Farmers are gettlm ready sale for their cotton as rapidly as ‘ Is gathered.’’ " correspondent wires from t.: "Stamford, across to iiasKeu ana here, cron throughout this sec tion about ten days fate; prospects simply enormous with normal fall; can never gnther crop In west* middle west and north states heavy ralna bare fallen, but they are local In character. The western forecast Is for fair weather bus made good progress. Spot buyers grnl ■* at .. . . w i .- Hnxlehurat. Mias.—Fields nre white; r'fleal)/ New Orleans quotations. nicking made good progress; farmers gin ning very little, tnkfug advantage of good weather for picking. There Is some encouragement In the tiling that cornea In algl mll.r New Orleans wmild Indicate that l-_ —— for worry; that he holds the key to the situation, nnd thnt so far this season hag sho n sight, paying practi- is quotations. This producer has no cause caused steady and slight!] Private Wire to Ware ft Leland. New York. Sept. 20.—Liverpool futures opened quiet, 2% up. At 12:16 p. tn., 2% to 4 up. Dull but steady. Snles 6.000 at 5.62d, 2 up. Future* duo to row* 2% to 4 up, Cotton In New York opened aulet aliout (Hi expected on Liverpool cables. Trade very light. Look for quiet session today. Think It can I* sold on any rallies. Mitchell offering 6,000 January. Wenninn a big seller. New Orleans, Hept. 20.—Cable. .... quite high enough this morning, nnd spot “ 1,000 hales nre not encourag* dull nnd lifeless market. morning the demand la atlll good, prices are firm and offerings Imllted. Seller* want 45 on for Liverpool good middling, September delivery, but on 25 to 28 October delivery. HEAVY MOVEMENT LATE IN COMING . jw York, Sept. 20.—The Hun snys: "A small advance took place ns a result of covering nnd some professional buying for a turn, but nothing occurred to really ni ter the general position of the cotton mar ket. The movements upward nnd down ward of prices were governed more by pro- Oetober-Novemher. Janunry-February. . Mnrch-AprII Mny-June., (tertian of .WS point*, to which was added 1 point during the early morning. Comparative receipts at all Lulted State* kets Is one of the salient facts morning, first prices being niflennee. The firmness of some 305 points higher for futures, while * # * spot was marked up 2 points to 5.62d on shIcn of 5,000 bales. Following nre the active months In Liver pool today: .to; Net receipts today Same day last year Decrease 12,096 Total receipts for five days 14J. Same days last year 200, Decrease 82,046 Total receipts since Heptember 1....367,660 Same time laat year 1906. 1906. New Orleans .. .. .. • *A70° to J.700 ^2,44? Galveston... . .... ....15,000 to 16,000 14,84: Houston. .. :. ... .. ..14,000 to 15,000 14,75/ The close was steady net 507 points low- er than yesterday. •pot"cotton market. celpt lllng uplands 5.6‘_'d. Hales 6,000. Ainerl- 5.006. Speculation nnd export 600. Ite- 9.75. New Orleans-Quiet, 9 6-16. Augusta—Steady, 9%o. Savannah—Kasy. 9 3-16. St. Liuls—Steady. 9%c. Boston—Quiet, 9.76. Houston—Steady, 9%c. Galveston—Firm, 9 7-16. Memphis—Steady, 9%e. Baltimore—Nominal, 9%c. b ? *•«:, TODAY'S PORT RECEIPT8, The following table shown receipt* at the ports today, compared with the antne day last year: New Orleans. Galveston. . . Mobile Savannah. . . Charleston. . . Wilmington. . Ihwfoi 11740 1571 5068 prophecies, needless to any, have not been verified. Meantime, foreign spinners have been bnylng heavily, the continental mills being especially large purchasers. The south Is offering the actual cotton less free ly nnd the comparative smallness of the receipts Is attributed not merely to the httenesa of the crop, but to tho holding back of the coffon by some of the well-to-do farmers of the south, men who led In the holding hack movement of two years ago which was such a remarkable success in the ' '* “* “ 4 bates. moat everybody ts Cloy. ernt: “The monotony of the cotton mar ket drama has not yet been broken, nnd selfish sentiment la playing so prominent a part In the tedious affair that one naturally wonders whether or not the old guard will INTERIOR MOVEMENT. Tho following table shows receipt* at the nterlor towns today, compared with the day last year: , r ,hc Mlnnenpoll* flour output last week Inrhntai 40.OM imrrels. This placed the slightly nlHJre the 190,000 mark. The quantity turned out wn* 309.670 barrel*. Every mill In Minneapolis I* running this The flour market la gradually Im proving. While some mills reported trade 2" <»nly fair, other# made comparatively ft* ary sale* of flour. The foreign sltua- tion h encouraging, and a good den! of pnt«nt was worked for United Kingdom markets. Ing puffllc enthnslnsm. If the crop la to |»e marketed without broad-gauge specu lation. the lens analytical talent tuny awake to a realisation of more of the potential Influence* at work In behalf of the staple. Otherwise overvaluation of surface price factors may logically he looked for for some time to come. Meanwhile, too much stress la being given radically opposing crop nnd consumption views, and not enough to the encroachment nnd concen tration of the farmers* defense line. Be tween 9c nnd 10e for cotton, so long n* the supply 1* known to be ndeqtuVe, la ample compensation, far more than the south could have collected under the old control. Thus, In the absence of specu lative support and under the weight of public Indifference, the cotton growing balm arc «rly alvlna •vlil.nc. of .n In- trillion to win noma «ort of n 1S061W7 vie. irv. n..vy mov.m.nt, month rev.rars 11I tack-wt. »ml uctlv. effort. to fo«ti>r ,j. mon.trr norraira. (tunlrlon tn the con- trary notwlth,tiiniiln,. —w are k Inland. WARE 4 LF LAND'S DAILY COTTON LETTER. Now York. Kept. 20.—A. n not ro«ult of tho )iiwInoiM ilono yr»f.nJ*y nftomoon nnil thin morning, price. woro tho in* nt 1 o’rlook todnr k, at tha tamo hour yon- t.rii.y. In othor worila. notwlthatunilln* the warea of huylnK anil .oiling thnt .went ovor tho ring, nn pragma. w«. mailo In olthor direction. Liverpool wa. illntlnct- Iy dlHippoIntlng In that un oerly .tlvnnre wna not hold, and price. .Hpned bnelt. to TO.tordar'a flgnroa. Ilowoyor, fhe net thnt the murkot hit. held a good ehnre of the ndrenco recently aooroil. nnd tend! to he roine extremely dull on every netback, trade eonnorrntlve operator! to continue the policy of buying on hroek,. believing ■toadlneon le likely to eonllnue tintll after tho next report. There l« no doubt thnt more etipport hnn lieen nfforilcil the mar ket recently hy the fact thnt tnkluq De cember n. nn Indicator, each netback lenvea a higher level than the prevloa. one. That atartlng from the low llguiea. 8.30. the vnrione Unctoetlone In the market hnve wnebed nnotntlone higher and higher, and thne fur the greater portion of tho advance hnn lieen held. Many prguo that lnn.mu.-h ne the market remelne etendy under benrlnh newe end lieerleh feeling, any effort to cover ihort contraete would flnd very little cotton for rale. There la no general bualnene. to that abort aelllng on ahorp Imlgee enn (till be adhered to with prollt THE DRY GOODS MARKET. New York, Sept. ».-The dry gnode mar- ket wae tlrm today. The activity wni In gray gooda and converting pnrpn.ee. Southern mill, hnve Hold liberally Into Mnroh of next veer on wide print clothe. Home printer, hnve lieen In the market making Irninlrlea on narrow good.. The gnrernment Jute foreenet tve. received hy cable ditrlnr the .lny, end .how. a crop of aliout »,IMO,ono teile.. hnetora here ray thl. Will not l«> large enough for the world*, redulrement.. And It aeeoante for the advancing price. In hiirlept and other product.. Drill, and .heetlnge irt ell- Ing .teedtly. Complaint, of delayed dellv NAME OF STOCK. Amalgamated Copper.. Atlantic Count Une. .. American Sugar Kef. .. Anaconda American Locomotive.. do, preferred. . . . Amer. Smelting Ref. . do. preferred. . . . Atcblxon. ........ do. preferred. . . . American Cotton Oil. . Amer. Car Foundry. .. Baltimore k Ohio. . .. Brooklyn Rapid Tran.. Cnundlnn l’aclflc. . . . Chic, k Northwettern.. k Ohio. . . Colorado Fnel k Iren.. Central Leather — do, preferred. . . . Stiawe?: : „ do, preferred.'.".‘/I ! General Electric Illinois Central. . , . . , Amer. Ice SecnrltlM... . LoulBTlIIe k Naahrllle.. . Total ituck aqlea tod y 1.082JW ehimT NAME OF STOCK. N. Y., Out. k Weatern Niitlonnl Load Nuithoru i'aolflc. . . New York Central. . Norfolk Sc Western. . Pennsylvania People's Gas Pressed Steel Car. . . do. preferred. . . Pacific Mall Reading Republic Steel ltock Island _ do. preferred. . . . United States Rubber „ do. preferred. . • Southern Pacific. . . , Southern Railway. . . do. preferred. . . . Bloss-Sheffield Teun. Coal Sc Iron. . , Texas Ac Pacific. .... Union Pacific. United States Steel. . do. preferred. . . , Va.-Csr. Chemical. . . do. preferred. . • , Western Union. .... Wabash do. preferred. . . . Wisconsin Central. . . praftrrad. to si oet. . . Nov. . . Dec. . . Jan. . . Feb. . . March. , May. NEW YOBK. Ing la York t 9.45 9.66 ( s lose<i steady. 9.29-30 9.37-B 9.45-46 9.67-51 a xsm 8.1616 9.06-10 9.26-26 9.6446 9.42-4J 9.6041 9.62-63 LIVERPOOL. . i - > J* lr * <he opening range knd clone, compared with yesterday's Futures opened steady. Opening. Previous a a. Range. Close. Close. September 6.26 -5.26V4 6.28 " " Sept.-Set 6.12 -6.13(5 6.10 Oct.-Nov 6.07 -5.07' Nov.-Dee.,. 6.06 “ Dec.-Jan. , . . .6.07 3 ... Jan.-Feb 8.08 -6.08’ B rin-March 6.10 -6.1F srch-April 5.13 -5.13 1 Aprll-May 6.14 May-June 6.16 -5.15V6 5.12H Close«l easy. TIPS FLASHED From Wall Street Private Wire to Glhert ft Clay. New York, Sept. 20.—We do not see any thing special, but do not feel so bullish on stocks thl* morning. While not Inclined to suggest extreme confidence in today's market, we believe the active speculative Issues will be sus tained. May have further unsettlement today and then the market should be n purchase for a turn, especially the good dividend mils. The City Bank Im* Just engaged 82,500,000 of gold. Gate* a Inrge buyer of Rending. The New York Financial Bureau: settlement Is likely to coutlnue in the stock market today. The state of sentiment In dicates Irregularity some time today, nnd when weak, good stocks ought to he bought for a turn. The prospect of a good bank statement should reduce*n moderate recov ery before the end of the week. We hove rejientPdly pointed out that the big In terests will not permit a tiroud specula tion until money Is sufficiently easy to properly handle such speculation. lu the menu time, activity will give good profits to the dally trader who is actr they have control of the money. This < conserve tl “ * * hand, nnd ' Private Wire to Ware ft Iceland. “ 20.-The ‘ Pan enjoys on a com par- “ *" d»nl- Paul Is refi . NEW ORLEANS. The following Is the range Id cotton fu tures In New Orbutns today: 1 i § a s 51 I |'I ? »ept Oct Nor I>ec Jan Feb March. . . . May *9.i7 •l2i 9.31 9.46 9.61 iuo '9:24 9.34 b! 49 9.61 'iur» '9.20 9.29 "9.41 9.61 iU6 9.22 il 9.47 9.61 9.24-26 9.16-17 9.18-20 9.21-22 9.81-32 9.35-37 ft 9.6142 5.29 t 9.22-23 1 9.24-26 0 9.26-27 t 9.36-37 C 9.41-43 0 9.51-52 0 9.6647 p NOTES ON GRAIN Pointers on Prorlsiooi. Trlvate Wire to Glbert ft Clay. Chicago, Sept. 20.—Considering the sharp advance In wheat cables yesterday the slight reaction Is not significant of weak but favor buying In that event. Although Armour relieved September corn shorts by selling over a half million bush els, the prices closed at about top for the day. Do not think wise to stand out on short side. The strength of old corn Is _ f*od argument fer buying May and Decern- er nt the big discount. Sentiment regarding th* northwest crop and general situation Is growing dally more bullish.. Best posted people among millers and elevators people are coining to the conclusion that the yield will prove disappointing when compared with early expectations. Under these conditions, any being good buyers. The Record Herald says: lave been operating n corn and oats. • sst night that the aishel lietween May oata and corn wae as smnll ns would be seen again for som# time. . , „ Sentiment In wheat dally growing morr bullish. Expect advance. •rlrato Wire to Ware ft LeJnnd. Chicago, Sept. 20.--Cables show no snap this morning, and ns tho short Interest In wheat la well provided for we an to get a fair set back In wheat now Wheat holds rather firm. No pressure, and may work un some. Minneapolis stock of wheat.decrassed 325, 000 In five days. . , ...... Wheat market having hard work to hold steady todny, ~ ~ n“ — Early offerings’ of' corn W ere quickly ab sorbed. Buying corn and selling oats by Cudahy brokera helped the corn. Henl| all got short early, and have been Ugh the advance. Armour taking December am May. WHEAT ADVANCED AFTERJHE OPENING Due to the Return of Dis gusted Bulls to the 'Market. LIVERPOOL GRAIN MARKET. nt . P en rj* unchanged; nt 1:30 p. m.. unchan^to lower; closed unchnugeH Cnrn-ffp^n^l hinder; nt 1:30 p. m„ unrlinnged; clo.e.l unehnntie,! to tic hlxh- out decline In wheat drove the out.lder Into other channels of .peculation, but h. Is back In the harness again and taking on all the csrenlx. The return of the disgusted bulls I. chiefly re- milble lor opening. *• guoar market. New lork. Wept. 20. —The local refilled and raw sugar msrkat. nro unchanged. Idndon market weak; September off 60 at St 6d; October down 6!4d nt 3a id. PRICE CURRENT CROP REPORT. Lincinnstl. Hapt. 20.—Largo corn crop prnc- t cslly nasured. Cutting general. Condi tion# favor n full ncreng* of winter whent Sf'OJt J nt <*rlor morenicnt moderate. 1 acklng 875,000, ngnlnst 386,000 lost year. NORTHWEST CAR8. M nOllowlof figures give the northwest of today, last week and last year: Last Last „ Today. Week. Yaar. Minneapolis 233 202 Duluth 252 460 CHICA GO GRAIN MARKET. t having Demand moderate. Do not overlook bnylng corn and oats fractional dip. Coarse grain* have, turned strong, and many of our leading houses nre quite pro- ununced on their (lews on nn upturn In th Cu!i#hy brokers selling May oats. I^>gan large seller of May through brokera. Com mission houses buying. , . Provisions firm nnd a abade higher. Cud ahy parking Company buying January Inro.' Commission houses buying October UJ.ANDER^dCO^N LETTER New York. Hept, 20,-The New York mar ket opened weak thla morning nt I polnta decline from yotterdny’. cloao. Thla waa oi-eaalunod hy linfnvorahlo foreign oublea nnd a general l.ek of Interct In the mar ket. After the opening there wa. oome buying both for long nnd .hurt account and priest became dull nud ateady. Sentiment la no lutdljr divided Hint It la slmoat Iropoaxlble tn got nn Intelligent lino on the courno of prleea for the Immediate future, but It Is generally believed thnt the present level illieounta the prospects of a very largo yield. It I. likely that receipt, will be the most Intere.tlna feature for the nc«r future, nnd .houltt they begin running on n lur.l with In.t year the lienr. will make much capital of It. although overylmdy expei-ta them to do that. At preaeut they continue light nnd do not Indicate the euormou. yield that hna Ih*.ii t.lked about. Bing trader, are nlw.y. been nnd at tho market In entirely In their hands Just now we cannot hope for rnneh r!.e until It I. dcmnn.trnted thnt the crop is going to l>* much charter than hna been generally re ported. However, eotton taught on th. reeee.bipn nnd hold a few week, will prove profitable. Ing ntennilT. •.nmpiainie ”, - erlei of good, nre genernl. GIBERT & CLAY STOCKS. BONOS. T. COTTON. corm, provisions ATLANTA. OA. BCRSt New OriNDi Cotton of v KsJi.|<jsiv«5tou Cotton Excta ng* nrw York Stork KxchtuguJK*w Orlesn, Cotton fa iS ssfs g&szls:: 8%:s: ssta Lotsl and Lona Dlltsnos TslVphonV6291" n. FAGAN. Msnscsrv ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bpil Phone, Main 858. ATLANTA, GEORGIA. New Orleans, Hept. 30.—Options In the earlier trading of the Liverpool market were fully responsive to our actvnnre yes,- tenlay, but Inter developed ronntdernhlc weakness, closing prices showing lmrely any change from the previous day'a lev els. Spot sales amounted to 6,000 bales, quo tations being raised 2 points. The mnrket continues to rule narrow and uninteresting. attempt was made by either side to Im prove their respective positions. Bear* found tentative encouragement In th* Im proved condition of the weather, and also In the decidedly lietter crop new*. Bull* might have tnken odvantage of the limited buying on the psrl: "f einortera to re- cover some part of the decline, but neith er side was aggressive nnd the mnrket was left severely sloue to work out its own des tination. Our crop report* today nre of a distinctly more favorable tenor. All of the great deterioration reported a week or two ago seem* to have Ih»cu greatly le**en«-d by the clearing weather of late, nnd pros pect* now are very much brighter, and especially In Mississippi and portion* of Louisiana. But despite these Influences, favorable to lower prices, no material de cline Is looked for ns long as the steadi ness of the southern spot markets Is well maintained. Much cotton Is still needed before the mouth I* over, ami many dn;'N of bad weather would not be surprising at this the eqtilnoxlal period of the rear, but, all things considered. I** 1 * b»«*k of a more widespread Interest nlone prevents a broad er scone iu the Chang* of Drier*. 43% May OATS- Hept.... 34 Dec..... 34% May 38% I'OBK- Hept.. 16.75 Jon... 13.00i LARD— Hept.. 8.f>6 Oft 8.82% Jan... 7.75 SI DEB— Hept Oct.... 8.57% a i 43% 83% 34 85% Ed CHICAGO CAR LOTS. Wheat., forn.. , oats.. . Hogs.. . Today. Tomor. 33» 67 804 260 THE PRIMARY MOVEMENT. movement of wheat and Wheat—Receipts today 1.029,000 bushels, against l,oi3,00i bushels last year; ship ment* todny 479,000 bushels, against 389,- 000 bushel* lost year. t'orn—Receipt* today 656,000 bushels, ngnlnst 554.000 bushels Inst year; shipments today 827,000 bushels, against 4*1,000 bush els last year. Chicago, Bent. 20.—Hogs—Fstlinnted re ceipts today 17,000. Market 5<Rl0c higher; quality fair; left over 3,788; bulk $6ft6.45; estimated for tomorrow 13,000; light _ .62%. .. *—yorkera _ ,50; g*Kwi to choice heavy |6.50ff6.82%. Cattle—Fstlmated rtn-elpts 8.000. Market sternly; quality fair; beeves 33.90fi6.90; cows 81.aoiGr4.4o; heifers |2.40fi5.20; calves t&ffS; 5 ood prime steer* 33.50Q6.90; poor to me Inm 83.90476.30; stockers and feeders 82.40Q 4.60. Hheep—Estimated receipts 18.000. Market strong; qunllty fair; natives |3.10fl5.60; western 33.KMi5.60; yenrlingn 3o.504?6.15; lamb^ai^O^LTD^vestmi^^^LTR^^^^ SOUTHERN EXCHANGE Oldeat Katnbllahed Office South. COTTON STOCKS BONDS GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. Sew York, Hept. fleeting supply of 8t. the quick advances It atlvely small amount of trading. TeeL„. rally the position Is very strong and we rould not be stirprlsinl to see r * •rices before long, whether t! enl Is announcetl or not. A well known stock exchange house this morning has Information to the effect that support In United States Steel was nlactd laat night around 44. The stock Is re purchase near that figure. We It close attention. Thei _ Interest In It. and It wl within certain limited restrictions for the excellent annual report expected with- *n a couple of weeks, ns well as the devel- S unent in connection with the purchase of ie stock of the Harriman Intercat. We in ouly say that we consider this stock ne of the safest purchases in the Hat, and tie that will return a great many pc' * rnflt within the course of the next si: ght weeks. Dow-Joncs' summary; American stocks In London steady at about parity. Bank of Rngland rate unchanged. Prospects for settlement of Cubnn dlf- Acuity Improving. New York Central rights quoted at about C per cent. No confirmation of rumors of competitive luyfng of Bending. Accounts of disaster at Hongkong Increas- ugly serious. ' Urgent demand for money In Chicago rid large loans fall dun October 1. Light demand for stocks In loan crowd, with Amalgamated Cornier and , United States Steel common lending shore the general rate. Heading surplus oror dividends 31,740,- linrrlmnn Interests reported to be try- i* tn get back control of the Alton. and Heda earnings exceed 3100 per share. Corn crop now considered practically out of dauger. Ht. Pan! surplus for year 35.677,490, equal to 6.26 per cent on combined capital, after preferred and common dividend*. Twelve Industrials declined .77 per cent. Twenty active railroads docllncd .72 per cent. Heading report shows TS-6 per cent for commou after preferred dividend. THE COFFEE MARKET. f llrau ^■steady dura ling the early session on buying by lending roasting Interests nnd covering by shorts, i who were undoubtedly greatly eonfunfd by the Brazilian news and the varying ru- I In decllm ge. 7.. ....... JRWurther change, leaving that market uet %-franc lower.—Glbert ft Clay. ^The following table give* the opening STOCKS STARTED HEAVYJN TOME Reading Was the Feature, Initial Sales Being Sharp ly Lower. OTHER ISSUES WEAK. A Strong Tone Developed Later Under Leadership of Southern Pacific. New York, Hept 26.—There wa# no par ticular change today In moner rates, cither for call or time loans. The market *>n nil eln**»»* of borrowing remained decid edly stiff. But tn one or two re*pe< stock exchange In th» first place, the Bank of England renorted Its percentage of reserve to liabilities practically un changed on the week. In spite of beow American gold withdrawals nt the close of last week, and under these flrcum- stsnccs, of course, loans were left nt 4 per cent. The banks showed a credit nt the treasury for the week enlarged by 36.- —. list, showing by midday substantial gains. Every one had a tip to buy Bout hem Pacific nt the opening, and many of the traders tmught It on points received from what they considered the best sources. The buying was aggressive enough to force the price up from 93% to 96% In the first hour. Trading In the rest of the list wa* confined In the first few minutes, hat later a strong tone was developed. Reading, which sold on the atreet after the dm yesterday at 151%. was offered down by the room traders to 149% this morning on ac count of decrease In surplus earnings shown (n the nnual report. Steel stocks were firmer. Government bonds Unchanged. Other bonds steady. LONDON 8TOCK MARKET. BTOPKff- Anncondn. .. .. Atchison Cnundlnn Pacific Chic., Mil: nnd St. Pnnl Brie...., ... ..... ... . ... Illinois Central.. .. ». .. IxotilsvIUr and Nashville. , Rending ennsylvniila .. Southern Pacific ‘Jnlon Pacific..,. I Htntcs Ht. preferred. tying ifura \ *11 In ii L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN ComspouM Capital $250,000 REFERENCE, THE NEAL. DANK PHONE 1417. PRUDENTIAL. BLDG w YhL Hew firltui. CMcsf* cotton^g^i^, Provision’s,^tock^bonds, ... 2 Will SI.. Frit,, l.l/ri.,, Alh.lt, Ot. MlHtllS: In T„» CrilM Uthtit. Chicago Ittti ri Tttit. In Otltttt Ctlltt (khif. CUtm IImi liUiif. UtUMl CrilM ItlHltlllt, hw York C.II.I [ukin^, Frlr.lt Wlrtt I, lew Yttk, In Otltttt, Ckltttt. I. C. C0THKAH, Mi.iun. ItUnmlMi. SI.eilirilht.t3Bk 3J % Compound Interest Is the rate your money will draw If deposited In the 8AVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call *.id Inepect our quarters and Investigate our facilities to serve you. A hearty welcome awaits you at this bank. ASA G. CANDLER, President. W. H. r\\TTERSON, Vice-Pres. A. P. COLE8, Cashier. JOHN 8. OWENS, VlcS'Pree. WM. D. OWENS, Aset. Cashier. COTTON by MERCHANTS Atlanta Offices, 219-221 Century Building. Member, Naw York Cotton Exchange, New Or leans Cotton Exchange, Liverpool Cotton A5,0 elation, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchahges. Direct wire service. Correspondence invited. Phone* 451, Long Distance 39. A.S. Ilustace. January Fnbnmry Mnirh April May June July August.. .. .. . Hepteinber. . . OctolM-r.. .. .. , November December.. .. Closed steady. Opening ,.6.45-5.50 .. ..6.50-6.60 6.60-6.66 104.78 6.75-6.80 a...(UK> X .6.85-6.90 .. ..6.90 6.96 6.68-6.70 6.7B-6.X0 6.904.0 6.904.96 6.96-7.00 7.00-7.66 7.06-7.10 6.404.45 6.404.50 6.45-6.60 6.604.65 COTTON 8EED OIL MARKET. October Novemtwr. ..... December. .... Jnnunry Mnrrh. ....... Mny. . _ .. ..... Hales, 100 December at 80%. Closed ateady. WEATHER IN COTTON BELT. Texas—Hherman partly cloudy and pleas- nt. Tyler clear and cool. Houston partly oudr amk pleasant. Belton, Temple, Fort Worth and Cisco clear and pleasant. Sul phur Springs. Pittsburg and Wluusboro clear nnd warm. Mississippi—Jackson dear and cool. Y’a- soo City and Matches partly cloudy nnd plensant. Vicksburg partly cloudy nnd cool. Aberdeen. Corinth. Mew Albany, Aranry nnd Tupelo clear artd plensant. Holly Springs clear and pleasant; heavy ralu this morning. Alabama—niintsvllle cloudy nnd Wtol; light rain last night. Helmn nnd Mont- G »merr clear and warm. Mobile hard rain ■t night; now cool. Troy dear nnd pleas ant. Opelika fair atid cool; rained Iant night. Georgia—Columbus cloudy nnd hot; herd rain hint night. Atlantn denr and pleas ant; rained Inst night. Americas cb nnd wnrm. Mncon cloudy and warm; 1 WEATHER FORECAST. Georgia. Louisiana, Mississippi. Fastem Florida. Western Florida and Alabama— Thunder showers Faraday nnd Friday; light variable wind*. Arkansas nnd Western Texas—Fair Thursday and Friday. F.natern Texas—Fair Thursday and Frl- ijr: light variable winds. Hllnola and Indiana—Hhowars tonight nnd tomorrow. Nebraska—Tartly cloudy tonight nnd to morrow. Wisconsin—Hhowers this afternoon. Minnesota—Fair tonight nnd tomorrow. Iowa anil Knusns-Showers tonight. North Dakota nnd South Dakota—Fair tonight and tomorrow. THE METAL MARKET. New York. Hept. 20,-Tln wna qulot nnd unchanged with moderate trading- Copper WM. L. PBBL. President. KORBUT V. MADDOX. Vice President MADDOX-RUCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi- annually in our Savings Department. • Safe Deposit Boxes For rent In our oaulti 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. IVe invite you to call and inspect them. Title Guarantee and Trust Co, ATLANTA NATIONAL BANK ATLANTA, C,A. C. E. CURRIER, President. A. E. THORNTON, Vle».Pr.»ld.n, H. T. INMAN, Vlee-Preeldant. GEO. R. DONOVAN, Cashier. JAMES 8. FLOYD, Ai.'t Ca.hl.r. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage.