The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 21, 1906, Image 11

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TiU5 ■up- ATLANTA GEORGIAN. 11 MK 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, N>w 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 were 3 to 5 points lower, and after the call they worked off a point or two more. of ton market Is n dead one. The S rofcrtslonnl element fs inn king nil effort to o business, but ns money makers they are not very auceessful. They ure bpars, ns n rule, hence their efforts nre gener- nllv ngnlnst advances. Literature from this element is generally made up of Ideal crap conditions and promise of a bumper yield. They seldom use Information of a bullish nature. The following Jtemn with reference to the weather and crop prospects were sent out this morning: Memphis-weather past week favorable: crop prosiwcts, while not np to the bright prospects of three w*eeka ago, still promise • ro<m| yield. Nat' hes, Miss.—Conditions unchanged for the neck. Hutu has booh light and picking tone mflde good, progress. Rpot buyers grab everything that mines In sight, paying iiifii'tloally New Orleans quotations. Ifnxlehurst. Miss.—Fields nre white; ph-klng made good progress; farmers gin ning very little, taking advantage of good went her for picking. There Is some encouragement In the shove. Namely, “Rpot buyers grab every thing that comes In sight, paying practl- rnllr New Orleans quotations." This wntihl Indicate that producer has no cause fur worry; that he holds the key to the situation, and flint so fnr this season has determination to market his cot. .NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Glbert & Clay. New York, Sept. 20.—The market Is too narrow to expect mneh. but wo are likely t° hold these prices until the movement la sufficient to supply the Heptember-Oetober which nre aliout 1.000,000 requirements, Carpenter. Baggett k Co. say: "We do not anticipate nuy material advance, and would rather prefer sticking to the short side.” I)lck Bros. k Co. say: “The lateness of the crop Is likely to give un some superfl *>ew unenns, sept, ot.—Market very quiet with very little or no interest manifested by either side. A dispatch from Calvert. Robinson coun ty. Texas, says: ”A light shower of rain fell here yesterday, but not euough to re- tard cotton picking. Farmers are getting ready sale for their cotton as rapidly as It I* •nltwiMfl " corrcspond.nt wire* from Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-five years* experience of ed iting markets In Atlanta and the South has made him a recognised au thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Haskell and here,'ci r ex.: “Stamford, across to west.” With la, Alabama nud Mississippi, t< , .* very favorable. In the almve named states heavy rains lmve fallen, but they are local In character. The western forecast Is for fair weather throughout both tonight and Friday. A limited amount of having by exporters caused steady nud slightly Improved mar ket. The eastern forecast Indicates showers to night for Georgia and Mississippi and fair weather tonight In the balauce. Friday showers throughout. 4 up. Dull but steady. Sales __ 2 up. Futures due to come 254 to 4 up. Cotton In New York opened quiet and aliout as expected on Liverpool iwtites. Trade very light. Look for quiet session today. Think It can he sold on any rallies. Mitchell offering 1,000 January. Wenman a big seller. New Orleans, Sept. 20.—Cables are not quite high enough this morning, and spot sales of 6,000 holes are not encouraging. It Is a dull and lifeless market. Only the good spot demand for Immediate shl rnenf Is In tho way of lower prices. Tb morning the demand Is still good, prices at firm and offering* Imllted. Heller* want 45 on for Liverpool good middling, Henteml>er delivery, but <on 26 to 28 October delivery. HEAVY MOVEMENT LATE IN COMING ton nt prices which he considers fair. He kef. ter the general position of the cotton mar- will nwm The movements upward and down- lie Influenced by the dealers In ward of prices were governed more by pro- ottoti. I fesslonsl room trading than anything else, * • * 1 — A —— **-— ■* Id of — 1 The ’Liverpool market opened aliout as A and were thus devob expected this morning, first prices being ' rK ~ nomc 3fi» points higher for futures, while •iM>t wns marked up 2 points to 5.62tl on sriles of 6.000 bales. * ' Following are the active months In Liver pool today: • Onen. Ootober-November. . - .6.07 Jn ii nn ry ■-February 6.0a Mnrch-Aprll 6.18 Mny-June 5.16 York should have ojiei High. I*ow. , w enwl at tin- rhanged prices In response to Liverpool’s showing, but Instead the session began at declines of 3tf5 points, to which was added 1 point during the early morning. Comparative receipts at all United Btntes ports: .Net receipts today Some day last year Decrease *•••• Total receipts for five days., dame days last year... Decrease Total receipts since Heptemlwr 1. Knmo time Inst year.. Decrease Estimated receipts for tomorrow: ^ New Orleans ,7’SS Galveston ....16,000 to 18,000 14.14; Houston 14,000 to 18,000 14,754 The close was steady nat 507 points low er Han ycaterday. SPOT COTTON "MARKET. any special rflg- „f the — kets Is one of the salient facts. nation, nud It Is grounded largely on the feature of the receipts which railed to In crease. For some weeks past we have been told that In the coining week the move ment was likely to Inerenso largely. Huch prophecies, needless to say. hare not been verified. Meantime, foreign spinners have been buying heavily, the continental mills being especially large purchasers. The south Is offering the actual cotton less free receipt* Is attributed' not merely to the Inteuess of the crop, but to tho holding hack of the cotton by some of the well-to-do farmers of the south, men who led In the holding back movement of two years ago which was such a remarkable success Jn tho face of an actual cron of 14,000,000 bales. Yet there are few bulla here, most everybody Is a bear.“-Qlbert Clay. un llinum min - - » _— selfish sentiment la playing so prominent a part In the tedious affair * Ing tnilille enthusiasm. If the crop Is to lie marketed without broad-gauge specu lation, the less analytical talent may awake to a realisation of more of the potential Liverpool—Spot cotton quiet ami steady; middling uplands 5.62d. Rales 6.000, Amerl- ‘nn 5,000. Speculation and export 800. lie N'lpts none. A tInntn—Steady, 9*4c. New York—Quiet. 9.75. Now Orleans—Quiet. 9 6-16. im. I.OI1IH—nieauy. ir Boston—Quiet, 9.76. Houston—Steady, 946e. Galveston—Firm, 9 7-16. Memphis—Rteody, ?%£. B/Jtlmore-bomina), 954c, Norfolk—Steady* 9 7-11 Wilmington—bteady, 954*. TODAY’S PORT RECEIPT8. The following table shows receipts at the New Orleans. , . Galveston. . . , . Mobile ftivnnunh Charleston. . . . , M llmington. . . . Norfolk. , » , , , New York. . . 7638 1046 2110 4 f 24567 INTERIOR MOVEMENT. The following table ahowa receipt* at the Interior town, tfxl.r, compnred with the ■w- ‘t.y le.t year: non,ton. , , AuttH.tn. . , M-Oiphl,. . , S' I."It*. . OtiHmiati.. Total. tBr-liutn, Ih.flnY tinrrela. Thia placed the n »»re« ,||„|,t|, above the mark. The I'mntli, turned out wee 308.ST0 liatrel.. * T »rjr mill In Mlnnenpoli. I. rimnlrt* till. '- Tin* flour murket I. gradually lut- While acme mill, reported trade !*■ "uly fair, other, in.de eompnmtlvely »e»»y «nle« of flour. The foreign altira- "'’i I. eticoiiraclne. and n good deal or Pei-nt was worked for United Kingdom HAtli!-!.. otherwise overv.lu.tlon of .urfnce price factor, may logically l>e lookeil for for mine time In mme. Meanwhile, too much .tree. I. being given radically oppoalng crop and eouaompllon view., anil not enough to the encroachment nnd eoocen tratlon of the farmera' defenm line, lie tween 9r nnd 10c for cotton, an long n» the anpply l» known to lie ndeomVe, la ample eompenantlon, fnr more than the south could have collected under the old control. Thu., In the nhaenec of .peril- latlre .import nnd under the Weight of public Indifference, the .cotton growing state. nre enrly giving evidence■ofjan In tention to win mme mrt of a l!Wfl-ll»7 vie* tow Heavy movement, month reverma anil hack-act. and active effort, to footer WAR E A L D F A L |LY D COTTON letter. New Yorl, Kepi. 20.—A. n net re.ult of the litialne.. done yeaterdny afternoon and tbl. morning, price, were the mine .t 1 o'clock today nt at the n»m» hour ye.- terdny. In other worda, notwlthatnndlug the wnvea of buying nnd telling that .went over the ring, no. progren. wnn made In either direction. Liverpool wnn dl.tlnct- ly dlnappolntlng In Hint an early advnuee wa. not held, end price. .Ilpnnl Imek to ye.tenl«y'. flgnre;. However, the f.et ltat the market hn. hebl a good ,hnre of the advance recently oeored. nnd teuda to lie- ime entremely dull on every netback. adn connervntlve nperntora to continue the policy ot hurl ns on hrenki, believing ateadineu la likely to continue until after the neat report. There In no doubt that more nnpport hn. been .ffAOled the mar- NAME OF STOCK. i malgamatsfi Conpar.. tlautlc Coast Uo», .. American Sugar Usf. .. Anacopda. American Locomotive.. . do. prsfariM. . . . Amer. fimeltlng Usf. , £». prsferred. . , * Atchison. . doy preferrad. . . . American Cotton OIL . . . . . :::: ;:; cbMi.pmjmJoSSo.^-; J : d°i preferred. . . . chi?;. siu. r * st^t**'"; • • Illinois Central. .... Amer. ten Kecnritlea... a ^SS&y Total stock salow twlay 1.082.100 shares. NAMK OF STOCK. N. Y.. Out. <fc Western. Nuticnnl T^ml. ...... Noriberu l'aclfip New York CeutraL . . . Norfolk A Western. .. . Pennsylvania. ...... People’s Gas Pressed Steel Car. . . . „ do. preferred. , . . . Pacific Mall. Reading * . . . Republic Steel. flock Island. ..... Unfe P 8 r tMnhW _ do. preferrsd. . . . Southern Pacific. . . . Southern Hallway. . . _ do. preferred. . . . Slosa-Shefffeld Tcun. Coal & Iron. . . Texaa fc Pacific I’d Jon Pacific. ..... United States Steel. . do. preferred. . . . Va.*Car. Chemical. . . _ do. preferrsd. . . . Western Union. . . . ^ Wabash * , .... do. preferred. . . . Wisconsin Central. . . do. preferred Kept. . , Oct. . . Nor. . . Dec. . . Jan. . . Feb. . . March. Ma; ('ToseJ i NEW YORK. today: l4 9.08-04 9.20-21 9.29-30 ill a tiff! 11.96 96 VS& 9.84-35 f.42-48 9.60-61 9.62-68 TIPS FLASHED From Wall Street Private Wire to Glbert A Clay. New York, Hept. 20.—We do not see any thing special, but do not feel so bullish on stocks this 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 hnd then the market should l>e a purchase for a turn, especially the good dividend rails. The City Bank has Just engaged |2,500,000 of gold. Gates a largi — \v buyer of Reading. LIVERPOOL. Th* fallowing IlgiirM glv. the opening ;»_ng» and flow, compared with y.atrrday'a •toady. Opening. Prevloni nnnge ; Clom. Marth April. . Aprll-May «ar-June. . . Tosed easy. .5.16 -6.UH 6.1256 NEW ORLEANS. The following Is the range In cotton fa tures In New Orleans today; Sept. , Get. . Nov. . Dec. . Jan. . day. . , Closed stc toady. mm 9.16 it 9.18-20 ■ *--J 4 : 9.81-32 9.35-37 9.46-47 9.61-62 I II 9.29 9.22-23 9.24-86 9.28-87 9.36-87 9.41-43 9.51-52 9.66-67 NOTES ON GRAIN Pointer* on Provision!. Private Wire to Glbert A Clay. Chicago,. Kept. 26.—Considering the sharp advnuee In wheat eaIdes yesterday the slight reaction is not significant of weak ness. There Is still too much rain la the northwest for threshlug and movement. The market mny have a little setback, but favor Imylng In that event. Although Armour relleretl September corn shorts by selling over n half million hnsli- els, the prices closed at aliout top for *he day. Do not think wise to stand ont hi short side. The strength of old corn Is :ood argument for buy lug May and Decan: disappointing Wbeu - . „ , expectations. Under theta conditions, any material deellne Is'hot probable, whereas n sharp advance will not. lie surprising. Feel very friendly to wheat. Oats look higher. Of — * mont, and locals short, being gor*} buyer*. The Record Herald hnv says: "Bulls who In corn nnd oats, expressed the opinion last bight that the difference of 8c per lusbet netween May onts and corn was ss small as would be seen sgaln for some time. 8n. .. ____ — bullish. Kxpect dtlvance. rlvate Wire to Ware A Leland. Chicago. Hept. 20.—f!nbles show no snap this morning, nnd as ttw short Interest In wheat Is well provided for we nre apt to got n fair set-back In wheat now, Wheat holds rather firm. No pressure, and may work up some. Minneapolis stock of wheat decreased 886, 000 In five tiny*. . . ... Wheat market having bard work to hold steady today. Demand moderate. Do not overlook buying corn snd oats on any fractional dip. . .. . Early offerings of com were quickly ab sorbed. HurJog corn snd selling oota bN Cudahy brokers helped the corn. Hcnlnere nil got short enrly, nnd have been fighting the advance. Armour taking December nod ^Coarse grains have turned strong, nnd many of our lending houses are quite pro* unuiteed on their riews on nn upturn In ,h cllliahjr brokers selling May oate. large seller of May through brokers. Com mission houses buying. r . Provisions firm and a shade higher. Cud ahy Packing Company buying January lard. Commission bouses buying Octolier lard. Belling scattered. L. J. ANDER80N A CO/8 WHEAT ADVANCED AFTER JHE OPENING Due to the Return of Dis gusted Bulls to the Market. L ,v .8RP°° l grain market. Chlcaffo, Sept. JO.—The loti* drawn out decline In wheat drove the outrider Into other channel* of .peculation, but he I* back In the harnea* attain and taking on all the cereal.. The return of the di.guated bull* I. chiefly re- aponrible for the l>4c advance after tne opening. CHICAGO GRAIN MARKET. Open. High. and thu. far the greeter portion of rite tulvnm i* he. Iieen held. Many argue that lanamtirh n. the matket reraalna /toady tinder bearl.h new. and lieart.h feellnc. any effort to eovee ahort eontract. wiinld And very little eotton for aale. There la un general hnalneaa. ao that abort wiling on oharp Imlgea can still he adhered to with proAL THE DRY GOODS MARKET. ..,w York, Sept. 20,-The drygomla mar ket wna Arm today. The aetlrfty waa In good, and converting norpowa bent mill, have .old liberally Into March of net year on wide print rlolha Rome printer, hnvo Iieen In the market milking Inquiries on narrow goods. The government Jure foreen.t wa. received liy “able during the day. and riinw. n crop or about 9.000,001) bale.. Factor* here any this will not lie large enough for the world', requirement.. Anil It aeronnl. for the advancing prleea In burlap* nnd other nrndnet* Drill* and sheeting, are aell- Png ataadlly! Complaint, of delayed dellv- fe* of gooda are general. <• *- ALABAMA BT. GIBERT & CLAY STOCKS, BONDS, COTTON, GRAIN, COFFEE. PROVISION# ATLANTA. OA. iiSTSSIsSSSES&r-Hss Ut«l and Long DlaUno* Tri'/phoM*M9S. n. FAGAN, Managar. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main 858. ATLANTA, GEORGIA. OAILY COTTON LETTER Nsw York, Bspt. 20.-The New York mar- kst opened weak this morning nt 8 points decline from yesterday’s plow. 'This was occasioned by unfavorable foreign rabies and a general lack of Interest In the mar ket. After the opening there was some buying both for long nnd short nccount snd prices became dull nnd steady. Kentfment fs so badly divided that It I* almost Impossible to get an Intelligent line on the course ot prices for the Immediate future, but It Is generally believed flint the present level discounts the prospects of a very large yield. - * It Is likely that receipts will he the most Interesting feature for the near fu nnd should they .begin running on n with laid year the Iteara will make much capital of It. although everylmdy expects them to do that. At present they runtlnuo light nnd do not Indicate the enormous yield that has Iieen talked .about. • Ring traders nre always bears and as the market la entirely In their hands Just now we cannot hope for much rite until It Is demonstrated that the crop Is going to be much shorter than fans been generally re ported. However, cottou bought on the recessions nnd held a tew weeks will prore profitable. GIBERT A CLAY'8 DAILY COTTON LETTER New Orleans, Kept. 30.—Options In the «wrller trailing of the Liverpool market were fully responsive to our advnuee yes terdny, but Inter developed considerable weakness, closing prices showing bnrely any change from the previous day’s lev els. Bpot sales amounted to 6,030 bales, quo tation* being raised 2 points. The market continues to rule narrow nnd uninteresting. Opening prices were lower to conform with the easier course of mines abroad, but no attempt was made by either side to im prove their respective positions. .Bears jonnd tentative encouragement In tho Im proved condition of the weather, nnd also In the decidedly letter crop news. Bulls might have taken advantage of the limited buying on the part of exporters to re- i-over some part of the decline, but neith er side was aggressive nnd the market was left severely alone to work out Its own des tination. Onr crop reports today nre of a distinctly more fnvornfde tenor. All of the great deterioration reported a week or two ugo seems to have Iieen greatly lessened bj the clearing weather of late, nnd pros pects now are very much brighter, and {•specially In Mississippi and portion* of f,oul»Innn. But despite these Influences, favorable to lower prices, no material de cline Is looked for ns long ns the steadi ness of the southern »|>ot markets Is well ntnlntafried. Much cotton Is still needed l M .fore the month Is over, and many da;*s of bad weather would not Ik» surprising nt tills the mulnoxlul period of the rear, but all things considered, the lack of a more widespread Interest alone prevents a broad er jk*olc In the change of prices. ... 8.825k Jan... 7.75 HIDES— Hept... ....... Oct.... 8.57H 7.00 Jan. 72 fit 1 I 49 48 48* 1 8 m 31 ** I 34 16.70 . 13.00 16.75 13.00 72.9714 8.8254 8.89 7.70 5:8* 7.7214 !i siia" 6.9754 IS C.97V4 *.9714 x.r.r. 1.9714 CHICAGO CAR LOT8. Wheat., t’orn.. .. tints.. .. Hogs.. .. Today. Tomor. THE PRIMARY MOVEMENT, The following figures show the primary movement of wheat and corn: Wheat—Receipts today 1.029,000 bushels, against 1.018,006 bushels last year; ship ments tf*inr 479,000 iMishels, agaluat 3S8,- 000 bushels last year. 4'orn—Receipts today ngnlnst 664.000 bushels In** ,n.«. ■< today 827,000 bushels, ngnlnst 471,( els last year. THE CUGAR MARKET. N*1V York. Ki-pt. swrtij lorn I reflnwl r " w market, are unrhangad. I-onflon marker wenk; 8*pt«iutwr off (kt nt h M; October down 5^.1 n t 9. M. PRICE CURRENT CROP REPORT. ( Inelnn.tl, Hept. 20.-d.arae eorn crop prae- t eallr aaanreil. Cnttln* gennrnl. foinll- tlon. favor a full ncreaao of winter wheat being sown. Interior movement moderate Backing 37P.006, against 386,000 last year. ^ . NORTHWEST CARS. Tha following figures give the northwest Minneapolis. The New York Flnsnclnl Iiurenn: tin ‘Rentes Irregularity some time today, nnd when weak, good stocks ought to lw» nought for a turn. The prospect of s good laink statement should reduce a moderate recov ery before the end of the week. We have repeatedly pointed out that the big In terests will not permit n broad specula* tlon until money I* anfflclently easy to properly handle such speculation. Ill the meantime, nctlvlty will give good profits to the dally trader who Is active, wheth er he !*» bullish or bearish, according to the technical position of the stock. The large Interests have absolute control of the bulk of the stocks which have not l*een distributed. Up to n certain point, they have control of the money. This will conserve the piddle, with the data now «tl hand, nnd will not permit t serious decline. iorn, nepi. •*».— ine scnmiy or ine fleeting supply of Ht. Paul Is reflected In the quick advances It enjoys on a compar atively small amount of trading. Techni cally the position Is very strong nnd we “ not lie surprised to see much higher •l»efore long, whether the Bt. raul i announced or not. last night around 44. The stock Is .. gnrded ns a purchase near that figure. W would give It close attention. There was a large long Interest in It, snd It was held within certain limited restrictions for loug time. It la* possible that the Insldt desired to repnrrJiase distributed stock. Baltimore nnd Ohio was one of t strongest features In the market todn the bnylng l»e!ng regarded as of a partlc larly good character nnd In anticipation of the excellent annual report expected with lu a couple of weeks, ns wpII as the dovel oilment In connection with the pnrehnse of the stock of the lYarrirnnii Interest. We enn only say that we consider this stock one of the safest purchases In the list* and one that will return a great many points nroflt within the coura * * ' Ight weeks. Dow-Jones’ summary. American stocks In London steady at STOCKS STARTED HEAVTMN TONE Beading Was the Feature, Initial Sales Being Sharp ly Lower. OTHER ISSUES WEAK. A Strong Tone Developed Later Under Leadership of Southern Pacific. Jew York, Sept 20.—There waa no par ticular change today In money rate*, either - — - Tha market on It did rMiwtUy, which Influenced . stoeft oxchauce In tb 1 I rights quoted at abont Am lending above the THE LIVE 8TOCk MARKET. Chicago. Hept. 80.-Hog*-Ettlmnte<l re- cripts today 17,000. Market 6©10c higher; finality fair; left over 3.7M: bulk 86476.45; estimated for tomorrow 13.000; light 16.200 6.6254; mixed 15 90«6 6254; heavy #5006.6254; J6-9W50; pigs 88.60tffc.86; yorkers $5.7506.50; good to choice heavy $6.5006.8254. Cattle—Estimated receipts <000. Market steady; quality fair; beeves 83. 81.8004.40; heifers Ilf ood prime steers 13.1 , Inin $8.9006.80; stockers and feeders 82.400 .60. Hheep—Estimated receipts 18,000. Msrket trong; — —“— “ weatern IstnbiMJf 90; fioor to quality $3.l04t5. 5007.76; SOUTHERN EXCHANGE Oldest Established Office South. C01T0II—STOWS—BONDS GRAIN Ground Floor Gould Building. Dally market letter nnd market manual mailed on application _ 'respects for settlement of Ocnlty Improving. New York Cenlral 6 nor cent. No confirmation of rumors of competitive buying of (tending. Accounts of disaster st nongkong Increas ingly serious. Urgent demand for money In Chicago and large loans fall due October 1. Light demand for stocks In loan crowd, with Amalgamated Copper * “ ‘ States Hteel common lend! general rate. Rending surplus over dividends 11,740,- 767. Hnrrlman Interests reported to be try-* Ing to get hack control of tho Alton. Calumet and Jlccln earnings exceed $100 per share. Corn crop now considered practically out of danger. Bt. I'aul surplus for year 85,677.490. equal to 5.26 per cent on combined capital, after preferred and common dividends, Twelve Industrials declined .77 per cent. Twenty active railroads declined .73 per THE COFFEE MARKET. New York, Bept. 20.—The coffee msrket opened steady at unehnnged prices to an advance of 6 points, nnd ruled steady dur ing the early session on'bnylng by lending roasting Interests nnd covering by shorts, who were undoubtedly greatly confused by the Brasilian news and the varying ru mors In circulation. The chief feature wns the decline In the rate of Rraslllnn ex change. The final Havre cable reported no further change, leuvlng that market net 54-franc lower.-filbert A Clay. *“*- lov— “*— Ion appear*: brighter than ’. 4D<1 It was this itfWt 1 the movement on the i--■ j- — In fb*» first place, the Rank of England reported Its percentage of reserve to liabilities practically un changed on , the week. In spite of henry American gold withdrawals nt the close per cent. The banks showed ~s credit * at the treasnry for the week enlarged by $6.- 600.000, and on ton at thlt came tb** an nouncement of 13.500,000 more gold engaged for Import. Trices In the stock market began unevenly, but under the encourage ment of these developments In the money position they moved up sharply all through the list, showing by midday substantia! gains. Hvery one had a tip to buy Southern Pacific at the opening, nnd many of the traders taught If on points received from what they ronsh\ercd the best sources. The Imylng was aggressive enough to force the price np from .Mil to 96% In the first confined In the first few minutes, but later a strong tone was developed. Reading, which sold on the street after the dooe yesterday at 151%. wns offered down by tho Other tionds steady. LONDON STOCK MARKET. BTOTKS- / Aiincoiida. .. .. Atchison t’ntmdlnn Pselflc. .. rhle., Mil, and Bt. Paul Erie.. Illinois Central.. .. .. Isiularlllo and Saahrtile. , Reading Pennsylvania Southern Pacific.... .. .. Union Pacific United States Hteel. • . . do, preferred The following table gives the opening inge and close, compared with yesterday's L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 NKFKIIKNCC. THE NEAL BANK PHONE MIT. PHUOENTIAL BLOG COTTON^CRAwJ, ^ROVlsh)N'S, l ?^O<?KsPB0NDS, »«. 2 Wall 11., Min t.llri.,, Alt.«(», Ct. HCMIMS.- gem fwk Cefftn fiekatfr. Ck/cige Boird ef Trtfe. lit Orlt ••» Cel fee CMfaafe. Cklcais Steel IiflssfA p * - - - ‘ KlaflM. ktw Ywk Cette* fukaege. Nn Ywk, Mem Of lean, CktcapA 0. C COTHKAN, kfaaagrr. Slaadard Phaae 390. January February., ,, .. , Maicli. April.. .. .. .. Mny June July. August September. . , October.' November December.. Closed steady. Opening .. .jm *. ..6.60-6.60 6.75-6.80 ..,.6.80 .. .6.85-6.90 .. ,.6.90-6.96 •V'.iiUjo ..6.30-6.40 .. ..6.40 -6.68 6.66-6.70 6.76-6.80 6.80-6.86 H.90-6.96 6.96-7.00 7.00-7.061 7.06-7.10 6.40- 6.0# 6.40- 6.1 . 6.464.50 6.60-6.55 COTTON 8EED OIL MARKET. September. * . • • Octolier. ...... Nnveinlier Deceiulier January March . . . . Mny 81 ©8154 ,, Hales, 100 December at 8954. Closed steady. WEATHER IN COTTON BELT. Texas—Sherman partly cloudy and pleas ant. Tyler clear nnd cool. Houston partly cloudy and pleasant. Belton, Temple, Fort Worth snd Pisco clear nnd pleasant. Sul phur Springs. Pittsburg and Wlnusboro ’ear ami warm. MlmdMlppl-Jnekeon clear snd cool, ts- w> l.’Jty snd Natcbns partly dourly snd . ensant. Vicksburg partly cloudy and cool. Aberdeen, Corinth, New Albany, Amary and Tupwo clear and pleasant. IfoUy Springe dear and pleasant; heavy ralu this morning. Alabama—ffuntsvlllo cloudy and cool; light rain Utat night. Helms and Mont gomery dear sad warm. Mobile hard rain Inst night: now cool. Troy clear and pleas ant. Opelika fair and cool; rained lent U fieorgln—Columbus cloudy and hot; hard WEATHER FORECAST, Georgia. Louisiana. Mississippi. Pastern Florida. Weatern Florida ami Alabama— Thunder showers e^ursday and Friday; light variable winds. Arkansan nnd Western Texna—Fair Thursday and Friday. Eastern Texas—Fair day; light variable winds, niliiols snd Indiana—Showers tonight nnd t0 Nebraekii—Partly cloud, tnnlftit amt to- morrow. Wisconsin—Shower* this afternoon. Minnesota—Fair tonight nnd tomorrow. Iowa nnd Ksnsna-tlhowera tonight. North Dakota and South Dakota—Fair tonight and tomorrow. THE METAL MARKET. New York, Bept. 91—Tin wns quiet nnd unehsnged with moderate trading. Copper unchanged. |.ead and spelter firm and un changed. 31 % Compound Interest I* the rat* your money will draw If d*ps«lt*d In tha SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and inapaet our quarter* and Invcatlgata our faellltiaa to carve you. A hearty welcome await* you at this bank. ASA G. CANDLER, Preaidant. W. H. TATTERSON, Vlce-Pr**. A. P. COLES, Caahlar. JOHN 8. OWENS, Vle*- <s rea. WM. D. OWENS, Aaat. Caahlar. WH. L. PEEL, President. XOBEI1T F. MADDOX, Vic* Praaldaoi JBADDOX-RDCKER 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 oaults in ibe basement of the Empire (Building for only $5.00 each per annum. Absolute Security and all Modem Conveniences You should not be without one. We incite you to call and inspect them. Title Guarantee and Trust Co. HUBBARD BROS & CO., MERCHANTS Atlanta Office*. JI9-J21 Century Building. . Member* New York Cotton Exchange, New Or- | Jean* Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof fee Exchangn, New York Produce Exchange. Builneis solicited for the above exchange*. Direct wire aervice. Correspondence invited. Phone* 45t. Long Diatance 39. A.S. Huarace. Mgr. ATLANTA NATIONAL BANK ATLANTA. GA. % C. E. CURRIER, President. A. E. THORNTON, Vlce-Prealdont H. T. INMAN, Vlee-Prealdent. GEO. R. DONOVAN, Caahlar. JAMES 8. FLOYD, Aaa't Caahlar. . Capital $500,000.00 Surplus and Undivided Profits $500,000.00 • We Solicit Your Patronage.