Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY, BEDTEMDEn 21, MO*
n
TRADE MODERATE
AT M OPENING
Changes Slight with Profes
sionals Doing Bulk of
the Business.
UNDERTONE IS STEADY
Heavy Rains in the Eastern
Belt Was Only Sus
taining Influence.
New York. Sept. 21.—There was only
moderate trade at the opening of the
local cotton market, mainly for pro
fessional account. The weather map
indicated favorable condition In the
belt generally, except In the vicinity of
Macon and Montgomery, where there
was too much rain. Thla checked sell
ing and contributed to the steadiness
that prevailed after the call.
The professional element still has control
of the cotton market. They hold possession
through necessity; they cannot turn loose
•n<1 the public absolutely refuses to come
to their assistance. As s result business Is
rsrr dull with trade light. Fluctuations
during the morning covered a range of some
2 to 4 (Mints.
Weather reports this morning were un
favorable In tbs eastern belt, though fa-
vorable west.
Liverpool was not s factor, opening about
as expected or 4 to 1 point lower on fu
tures. white spot was quoted 5 (Mints down
at 6.57*1: sales 6,000 I silos.
The o|»enlng In New York also met expec
tations. Initial prices showing very small
changes, with the undertone steady. Up
to mid-day prices varied only 2 points from
lug figures,
liver
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbert ft Clay.
New York. Sept 21.-1 Jverpool at 12:».p.
m.. 4 and 1 lower. Wat due unchanged.
Same local lienr crowd arrayed against
the market, but New Orleans baa been a
moderate buyer on differences.
Carpenter, Haggett ft Co. say: "We be
lieve In lower prices."
„ pick Bros, ft Co. say: "There are some
faithful bears who iNrifeve we shall hare a
large crop, and while they do not look for
an Immediate drop they are selling on hard
spots Instead of covering on them. This
Is atNMit all there Is to the market Just
and see little reason to get excited ove
outlook.
Georgia's agricultural commissioner says;
"Cotton has deteriorated lu this state past
two or three weeks. Condition now at av-
r cent."
ring 6,000 October at 1.86 and
tlcnlly the trade In staph* cotton Is In _
very strung |Msltlon. The stocks In first
hands are nominal, aud some of the largest
Jobbers have gone aa close to the iMards as
they can and still remain In business. Any
replenishing In the next sixty days will be
at full values, aud If there are no advances
-r anticipate a very large volume *
liness when they are finally forced
While many of them recognize the fact t
the widespread amount of hand-to-mouth
purchase is a strong factor In holding spot
-*»es. they do not see what they can do
relieve themselves without eucouragtng
further advances."
New Orleans. Kept, a.—Market Is quiet
and steady, with mi particular feature. The
unsettled weather Is causing a few shorts
to cover.
Our traveling representative wires: "Colo
rado City to Kweetwster, through to Fort
Worth, crop Is simply Immense. Past two
weeks' favorable weather adds to the condi
tions."
Today's map shows heavy rains In Ten
generally el< —
Mississippi, with fair weather in w*
not considered entirely favorable.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively*, twenty-live
year*' .iprrl.no of «1-
Itln, market. In Atlanta
and tba South baa inada
him a ncoyntacd au
thority In hla apaclalty.
TIPS PLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
0|HHllllff
Mnv-Jnne..
cable says: "The demand
for snots from the continent and all around
has fallen off decidedly."
Following pre the active months In Liver
pool today:
Open. High. Low.
.. ..6.04 5.06 5.03**
, . .6.06 5.07 5.04
6.00 5.11 5.06V*
.. ..5.114 6.14 5.114
Comparative receipts at all II. 8. ports:
Net rt*celpts today 35.041
Paine day last year % 35.471
Decrease 430
T«>t«l receipts for the week 166.497
Bn me week last year 239.063
De< rcase 52.6*16
Total since Kcpteniber 1 396,701
Same time Inst year 629.449
!*•>«• rensc 233.748
Crop Movement.—Secretary Heater:
1906.
, 4.610
.... u 12483
In night for week 256.306
Bine.- Kcptemlier 1 576.603
Interior movement for week:
Total recclpta 147.314
Shipments 123.401
Storks 144.631
Superintendent King:
In sight for the week 264,716
Slim* Septemlwr 1 670,814
Estimated receipts for tomorrow:
1006,
NVw Orleans 8,400 to 4.400
(hi he* ton 16,000 to 17,000
lb»mton . . 13,000 to 14,000
The market at the dose was steady and
anohauged to 2 points higher.
1906.
4.606
14,133
307.397
806.230
178,221
143.429
207417
1906.
3446
15.270
15,637
dgh
ist I
ii-rmuum nun ornrni j iun im
alien thunder storms today and tomorrow.
Private Wire to Ware ft Leland.
New York, Kept. 21.—LIveriMiol future
opened quiet u partial 1 point dowti
—« a is*
l.lver|MN>| cam ...
out espeelal feature.'
Cotton opened quiet In New York, aa ex
at 31 and 32 point* under December. Weld
was n heavy seller of Ihremlier. Market
docs not show snap, and with cotton press-
. good weather sets In the market will do
dine considerably.
The weather map shows a moderate
amount of rain In southeast Texas and
considerable In the eastern lielt.
No change In market. The ring Is life
less mid the spot market Is quiet mid
steady st quotations, with 800 to 400 spots
and M0 or 600 f. o. b. sold so far. Sellers
went 28 to 30 on Octotier for Liverpool good
middling. October delivery.
The market continues stagnant. The out
side public Is doing absolutely nothing snd
professionals are doing little. The demand
for spots Is not so strong as It was, snd
some exporters claim that September ship
ments lire well filled.
b '‘ NEW YORK.
P ? The following la tho rang* In cottoo fu*
a tore* In New York today:
i-
e
I-
i
S
S
III
13
Kept
Oct
* Nov
r Dec
} J an
Fell
• March. . . .
May
8.84
|
9.21
9.39
*M6
0.57
8.84
8.90
9.93
In
9.46
9.69
6.7*1 1.7*
>.**1 6.17
*.03 ».nt
*.1» *.31
*.27 ».*»
».6*l *.6*
8.87-88
9.08-04
0.20-21
0.29-39
9.37-39
9.46-46
9.67-66
stssssi
THE COFFEE MARKET.
8P0T COTTON MARKET.
Liverpool, spot cotton quiet and easier;
middling uplands l.57d: sales 6.000; Amer-
kan 4.6w); speculation and export 500; ra-
relpts mine.
Atlanta, steady at 9Vic.
New York, quiet at 9.i5c.
New Orleans, steady at 9 8-18c.
Augusta, quiet at 9 7-18r.
Savannah, easy at 9S-16c.
HI. l.oi ts. quiet nt 9%c.
I’lmrleston. sternly at 94c.
Baltimore, nominal nt 9V&c.
TODAY'S PORT RECLIPT8.
The following table shows iwfil’taat the
New Orleans.
Galveston. .
Mobile
Savannah. .
Charleston. •
Wilmington.
INTERIOR MOVEMENT.
The following table shows receipts at the
Interior towns today, compared with the
day last year;
COTTON 8EED OIL MARKET.
New York, Sept. 21.—The market for
rotten seed oil was again steady and fair-
It s. tlve. Tho recent decline In price*
failed to bring out any largo offerings from
Smith, and there was Instead fairly
buying at the decline, so the slum-
tbm I* still where nearby deliveries are
"•mmundlng good premiums. The amount
••f nil which turn Imen taken for early
Mdpment Is largo enough to prevent any
|»r#*«*ur*» of spot oil. It Is believed, for
•"in.' time to coine, snd this I* shown In
tn*- fr-mlmn for September, sml also the
premium for the first half of October. The
rather slow movement of eotton and the
IsteiH-Bs of the cron emphasises the short-
„f supp|(f»e. The market at the close
**" Rtendy. with prices unchanged to yic
Jdebcr than the opening.—Ware ft Le-
Opening.
:: SOU*
New York. Sept. 21.—'The opening was
unchanged to 6 points lower, and the mar
ket showed a further tendency toward re
action after the gains of yesterday during
the early session as n result of less ag
gressive support by the trade li ‘ “ ‘
have been bulling It and dlea(i.
ropesn cables, while a bearish construction
was ulso placed ii|mn an article In the Bra
silian Iteview of August 21. which expressed
the opinion that nature had killed valorisa
tion nt the outset by provfdlug a bumper
cron.—Glbert ft flay.
following Is Iho opeulug range aud dose
of tbs Now York coffee market for to
day:
Opening
Bn.iyte,
April
May
June
July
August
September
October
November
i>eeernl*er
Closed steady.
6.fS-6.65
.. ..6.60-6.70
.. ..6.75
. .. .6.76-6.85
.. ..6.90
.. . .6.96
. ..7.00
6.95-7.00
. . .6.35-6.50
6.40
6.46
.. . .0.50-6.56
Close. ■
6.45-6.60
•49448
6.60-6.®
6.66-4.75
6.754.90
6.80-6.15
6.85-6.90
6.90-6.95
9.204.25
6.25-6.301
6.916.35
6.40-6.45
New Orleans. Sent. 21.—Options In Llv
er|Mol Improved slightly In thn Inter sca-
■iou. and closed Iff? points higher than
yesterday. Foreign news was extremely
- —ce, probably owing to th# lack of new
dnptucnta. Spot sale# were 6.000 bales.
5 |Mlnts lower. Covering by it few shorts
shortly after the opening on further heavy
rains in portions of the eastern licit «.in
stituted slMut the markers only activity.
The weather Is decidedly uusettled over
the lielt, but It can not lie said that such
a condition Is surprising at this period of
the year. However, In Texas the clear
weather has considerably increased pick
ing activity, even. It Is said, at the ex*
*• of glnnlog operations; neverthelcsi
movement Is well tin to tho overage
cotton Is being rapidly marketed, as
the large receipts at Houston and Galveston
would attest. The spot situation rules
iiulet but steady, and the promise* mad*
a while ago of an Increasing and well
maintained demand to fulfill prompt ship
ment show signs of falling short of realiza
tion, for It appears now as though tho
needs of the present have been satisfied.
Foreign cables report a material decrease
In demand not only for th continent, but
front all around from which the Inference
may l»e drawn that spinners have liecome
Imbued with the Idea that tho expected
lllieral movement shortly will create a
more profitable trade basis.
New York. Sept. 21.-The market Was
strong today, though not particularly ac
tive. except In certain specialties. Trading
was of a mixed character, consisting of
iMth pressure and support In turn. Gold
engagements were announced, partly from
Furls, amounting to |!.3tW,<»0. Among the
Items of the money movement, the ship
ments to the Interior. Including Sait Iran-
dsco. approximate $4,209,600, and this would
indicate a greater demand for money than
hitherto expected by Interior banks. It
Is quite dear that the ground work Is be-
lug laid for some form of nbl by the
treasury department to business Interests.
Interest nml dividend payments for Oefo-
licr I will lie large, meantime funds are
possibly accumulating for such disburse
ments. Engagements of gold front the
Bank of France today almost surely fore
shadow further larger shipments directly or
Indirectly from that source, and It Is quite
I K. ALABAMA ST.
GIBERT & CLAY
SILVIA.
correc. pi»ovi»ion»
ATLANTA. OA.
f”
York
MCMBCR.i
55 sasgffi: 9SSSS Y.SS?
IS OrtJIK *** ot TrX|u.U«.on Cotton Eich.nn.
toenl and Lnna Dlltnnoi'T.V'phonV5293. VT. (1. FAGAN. Manan.r.
fcAMB OF STOCK.
Amalgamated Copper..
Atlantic Coaat line. ..
American Sugar Kef. ..
Anaconda
American Locomotlvs.,
. do, preferred. . . .
Amtr. Smelting Kef. .
AtJLrfr??'.:::
. do. preferred. . . •
American Cotton OIL .
5ISfc®"/«!»**• ■
, kirn L_,
ftmdlan I'acltlc. . . .
Me. ft Northwestern..
CkfupMk. A Ohio. . .
Colorado Fuel ft iron..
Central Leather
„ do, preferred. . . .
Chjc. ft Great West's.
£h Mil. ft St. I\ . .
Helswar# ft Hudson. .•
Erie * r - SecurltJ,,#> -
„ **«. preferred.* .* .* .**.
g*Nm Electric. , . .
Illinois Central
Aroer. Ice Securities. ..
Louisville ft Nashville..
NAME OF STOCK.
>. V . Ont. ft Western. .
Nntlcttal l,end
Northern I'aclfle
New York Central. . . .
Norfolk ft Western. . . .
Pennsylvania
People's Gas
Brassed Bteol Car. , . .
do. preferred
Pacific Mall
Heading
Republic Steel
Hock Island.
Southern Pacific. . .
Southern Hallway. .
do. preferred. , .
Pinas-Sheffield. . . .
Tetin. Coal ft Iron. .
Texaa ft Pacific. . . .
Union Pacific. . . , •
United States Steel,
do. preferred.
Western Union. .
Wabash
do. preferred.
lo. pr
Total stock sales today 826.706 sharesT
Private Wire to Glliert ft Clay.
V*ur Ynrlr Moot 91 Tiulkt-'a m
terday. The strength of Southern
seems to have the approval of bank... ..
terests aud Its friends. Erie appears to
be more pronoutieed. They are support
ed, and we look to see this stock advance
In an otherwise good market.
Traders' market. A purchase on
slons and a sale on bulges until the mone
tary situation Is cleared.
Think Erie a good purchase.
Think Haltlmore nud Ohio good for
(Mints advance.
Pittsburg special: "Officials of the Wa
bash here decline to affirm or deny the
truth of the report that the company tins
serured n terminal in Philadelphia. State
ment regarding It was made by s promi
nent'- railroad man who returned to this
city from Phlbidelphbt last night."
New York Financial Bureau: We ex
pect Irregular prices In the stock market
Daisy. Specialty ndvnnces seem likely In
limited esses. But the recovery has been
too swift for stability. Do not understand
- aa being bearish. Developments this
•bided. Is the dictator of the stock mar-
kef. There Is no danger because of the
treasury relief that will prevent it. but
• dally operator will keep a close watch
. money and sail close to shore Icmpornrl
ly. loiter we cun have a broad market,
and wc liellevc It Is to the Interests loaded
with storks to promote such s market. Hut
they will not do It now, when It would
not only arouse a storm of censure, ac-
rninpffsls practically nothing and Invite *e-
rlous danger. The present situation ap-
* us to lie the Wall street view
Again caution you to conthi
LIVERPOOL.
The following «nre, gl-e the opening
rjugo and dot,. conparmf with xct.rdnrf
f 'r!nnr. opened quiet and steady.
Opening. Previous
_ . . Hangs. Close. Close.
SSW-.-7 .:.:.W* n SfT 4 18
get.-Nor 1.04 K.oi
Nor..Dm 5. a g.o-u iis
pw.J.1 B.OIH-IOI*
&n..Fotl. . . . .5.06 -6.04 6.07
Feh.-U.rch 6.06H-6.07 ‘
M.rch-April. " “ —
IlMlIj.
NEW ORLEANS.
Private Wire to Ware ft Leland.
New York. Sept. 21.—There waa good
buying of Baltimore nml Ohio retMrted this
morning. We observe Gates' advices nrg-
1
st
M
5
1
II
3
£ J
Kept
Oct
Nor
Dec
Jnn
Feb
March. . . .
May
0.28
0.18
9.33
9.47
9.28
9.10
■9.24
9.34
9.48
Ti?
9.ZZ
9.S1
9.46
9.28
9.18
9.H
9.3J
*9*47
9.30 "
9.17-18
9.20-22
9.22-23
9.32-33
9.37-39
9.47-48
9.62-44
9.24-2*1
9.16-27
9.18-20
9.21-22
9.31-32
9.36-37
9.46-47
9.61-62
tbo pool is rood/.
bull talk this morning In good
ImuIstIIIc nnd Nashville. We
itock will have Its turn. When
hope to hear of It
‘ pay
NOTES ON GRAIN
Pointers on Prorlitons.
go, Wept. 21.—It looka as though the
bullish features In wheat have been pretty
well discounted by the recent udrance.
Shorts have covered freely, aud new bnll
and claims made that wheat In shock has
lieett damaged.
Outs n shade higher In sympathy with
ilea go Inter-Ocean: "A Duluth house
farmers are uot selling freely, and are
holding back a good many deliveries actu
ally made to the country lines. Foreign
markets sre more decidedly Interested than
n some time. They seem especially anx
ious for springs, ns thla class of wheat
from Hussla has been Imdly damaged, and
other countries also bare very poor qunllty
this year. It looks as If th* market would
work stronger unless wa get a larger move
ment tlmn now seems possible In Canada
and our own northwest.' "
Deliveries of corn on September trades
Increasing, there being 66,00 bushels oeuf
yesterday, the largest so far this
itn. It was delivered by Shaffer and
taken In by Armour.
Deliveries of wheat wore 65,000 bushels
and onts 90.000 bushels, the latter being
paid for by Wells and sent out by Shaffer.
w.vw. A i inn ariumni r»|n*rt Miint »i
wheat were 24.000 bushels, corn 64,000 bush
els. nnd oats 100,000 bushels.
HrhHalmcker estimates stocks of provi
sions In Chicago are 21.6no barrels pork, 78,.
OM tierces lard and 17,000,000 imiiihIs short
rib*. All show losses from September 1.
Minneapolis millers sre not ns anxious for
cash wheat and paid SfftVfc' over September
for No. I northern yesterday. This was a
reduction of He. Outside mills In other
states were snbl to l*« buying wheat sud
' “ milters
... _j way
must have sold more flour than hss been
reported as having l*een sold uf late.
Private Wire to Glliert ft Clay.
21.—While we still feel
iu wheat, would not overlook
on the hard spots.
Prices not likely to advance shai
corn at this time, but look for good sup*
port on soft spots.
Would continue to buy oats on any dips.
The Hecord-llerald: "Private elevators
- >ntJnue to turn out rash corn as ra “
as possible; expect to deliver about 1,8
WHEAT OPENED
FIRMJND HIGHER
Foreign and Domestic Ad
vices Arrayed on Bull
Side of Market.
iToiup wire m
Chicago, Kept,
very friendly to i
taking profits on
lu Canada nnd our own northwest.
WEATHER IN COTTON BELT.
... _ . 7. 11011*1
Worth cloudy and pleasnat. Sherman.
Dallas and Belton clear and pleasant. Asa
Antonio cloudy and pleasant.
Mississippi—Jackson and Natch*
cloudy and pleasant. Yasoo City
VlAk.l,i„r •••*-- “
leflsant. Vicksburg, Holly Spring)
Vw All.nny cloudy and pleasant. II
—„ Absror * "—
im partly
dear snd
rs snd
flatties-
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA
gomery clear and pleasant: hard rain yes
terday afternoon. Mobile cloudy and pleas
ant; rained all night. Selma partly cloudy
and pleasant; hard rain yesterday after
noon. Troy clear and pleasant; showers
yesterday afternoon.
Georgia—Macon clear nnd warm; hard
min yesterday afternoon. SarnunaIt clomly
snd warm. Amerlcus, Albany and Atlan
ta clear and pleasant, rolnmhtis clear and
hot; rained yesterday atteruoou and Issf
night.
WEATHER IN WHEAT BELT.
Northwest—Fair and cloudy; 88 to 62
above.
Xnrthw„t—I*»rtljr Hmidy: <4 to 6» »hor»;
rn.rnl rtlM In Mln,nMU and North
UV,t' and SoothwMt-r.rtly cloudy: 70
nlmvc; rain, .now and aeaMarM ahowera
Ml.anurl aofl llljnola.
WEATHER FORECA8T.
riaorda-Ocra.Ional thunder ahowora Fri
day and Saturday; llftht lo frch aoolh-
neat nlnda. ..
Ixnilalana. Bait Florida.. Meat Florida.
Alaluma and Ml«il«il|inl-Thunder ahowera
Friday and Hatunlay; !l*bt varlalde wlnda,
ninatly aoutheaat.
Kaat Teaaa—Hrattered Ihnnder ahowera
Friday anil Halnrday. eicept fair weather
In norlhweat portion; ll*lit to freah aoulh-
east nlnda. . . .
drlianiaa-Falr la weat portion and ahow
era in ea.l portion Friday and Satnrdnr.
Weat Texaa—Fair Friday and IVnnrday.
Illlnola. Indiana. Iowa. Mlaaourl..Kiiim,.
Chlcatto, Sept. tl.—Profit tnklnft on a
larae acute waa taken In wheat, corn
and oata on the hard apota and prtcea
aufTered In conaequence, aa the talent
backed away from the Increaaed aup>
ply put on aale. Heating apota for the
day allowed aharp reactlona and de
cllnea from the beat prlcea reached.
Net chansei for the day were:
Wheat unchanged to l-IOl-tc high
er; corn 13-Sc lower to unchang«t;
oata 1-tOI-tc lower and provlalona
Caah aalea here were 66,000 buahela
wheat, 64,000 buahela corn and 60,000
buahela oatn.
Clearances for the week were 4,676,.
00O buahela wheat, compared with 4,-
653,000 buahela for the week before,
and 1,176,000 buahela a year ago.
Com 646.000 buahela for the week,
agalnat 685,000 buahela the prevlnua
week and 1,278,000 bushela a year ago.
The Modern Miller nays that ralna
have permitted the resumption of seed
ing In sections of the east and aouth-
west, and this work Is now being car
ried on as far north as Nebraska.
Primary wheat receipts 1,010,000
bushels, eorn 650,000 bushels; n year
ago 1,266,000 and 621,000 bushels re
sp.ctlrely,
CHICAGO GRAIN MARKET.
MARKET WAS SMALL;
LEFT OFF LOWER
New York, Kept. 21.—The Sun say*: "It
waa a day of small things In the eotton
market. The speculation was stpnll, the
Huctoatlons were small, snd the ending was
s small decline. There was still a very
general disposition to go slowly, (tending
further developments In the situation.
More light Is wanted on the question of
deterioration In the crop. The bulk of
the news wa* favorable, bat the Southwest
continued to send reports of a serious «le-
dine In the condition of the plant, snd
they were not without effect, some fear
ing that the October re|N>rt by the gov-
erutneut would make a bullish exhUdt.
Then, too, the receipts were moderate,
and although a large movement Is predict
ed shortly/ the fart that It Is not ns free
aA expected tends to keep selling within
bound*. Yet. for the time lielnc. at any
rate, the nressnre was on the selling side.
I,ocai Wall street bmgs sold nml nnun
traders sold moderately for short account.
The south also sent selling orders. The
weather was favorable In the main, nnd
IJverpool resctiMl before the close afte
ndvnnrlng early In the day. At one tlmt
bull support nnd more or less covering
caused something of a rally, but It proved
to l»e only tem|H>rary, the course of prices
hinging In the end on thn weather newt
and scattered liquidation."—^Glbert ft Clay.
New Orleans. Sept. 21.—The Times Dem
ocrat: "Notwithstanding the rather gen
eral belief that the near future will wit
ness a relaxation It* trade deuinnj fn ac
tual cotton, no ambition to sell the stuff
down marks current operations, fonsr-
qncittly. the dally fluctunnons continue tj
range within very narrow limits. Senti
ment being against the market, luconsc-
qnontlal ilecllnes now are pro
liable, though the movement
‘ to dh
practically luev
rat Is yet small
T old-time trad
lire among avor-
2*
r 79
URN-
-s'e!
OATS—
Sept.. 16.76
Jan.... 1840 '
LARD—
Sept.. 6.S7U
et,... 8.®
in... 7.77V4
SIDES—
Sept... 8.75
Oct.... 8.47%
Jnu.... 7.02M
mi
4»V 48 4816
4344 47% 43
43% 43% 4374
I B
1
8.90 8.87H
HP
8.92J4 8.75
8.874
8.86
7.774
8.924
8.674
7.06
8.824
8.80
7.724
8.®
8.®
6.974
t ASH WHEAT-. .. .
Sa
THE SUGAR MARKET.
N.w York, 8^|I. 51.-Th. looal r»HnH
nnrt raw m«ar mark.la ar. nn.hanard anil
atcady. I/indon angar mark,! almdr; Bw-
iwilwr up 3d at »a N; October up l%d at
8a 4«4d.
SOUTHERN EXCHANGE
Oldaat Eatabllah.d Office South.
CQTTQI—STOCU BONOS GRAIN
Qraund Floor Oould Building. Dally
market letter and market manual
mailed on application.
Neitraaka, North Dakota-fJenerally fair
tonight nnd tomorrow. _
.Minesota anil ttouth Dakota—Fair tonight
nnd tomorrow; cooler tomorrow.
the market, which *»»• > > *«' -7« •••.
tlve snd higher, a* a result of this and
a further evidence of the intention of sev
eral corporation* to make a larger dis
tribution of earnings.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital (250,000
RCFCRENCC. TH* N*AL BANK
PHONE «4nr. PRUDENTIAL BLDG
. .. the
. not a few
spot operators avoiding active business.
There were no development* of moment,
but In the absence of bullish support liesr-
Ish courage undoubtedly 4>xpnnded under 1
the subtle Influence of liii’renslngly opti
mistic crop views nnd the waiting tnrtles
of spinners generally. Until fresh 'com
mitments In volume are railed for. the hand
of the farmer will not 1m» shown. Mean
while, contract trading by the professional
element will be Influenced by Immediate,
rather then distent, considerstlons. hence
will furnish no real clew to the ultimate
outcome."—Ware ft Leland.
WARE A LFLAND’S
DAILY COTTON LETTER.
New Orleans. Sept. 21;—'Today's markrt
was atMUt the narrowest on record up to
noon, the range of the active, or hereto
fore active, positions was only 2 points,
December selling from 9.22c to 0.24c. The
outside public waa not In the market st
was shout ns good as It was l»nd, giMd
weather In the west balanced rntber un
favorable weather In the east. The expec
tation of rather bearish week end statis
tics w«* about balanced by a lessening In
the spot demand, and the claim by relia
ble (tcoplc that the greater part of Yu*
pressure to hoy spots to fill Septemlwr
shipments had lieen removed. The move-
. » not now know but the road
1 higher dividend, nnd na Atlantic Const
Line controlling Interests naturally like
lo get more cash from holillngs. an In-
■rease Is expected by the l»e#t people.
Hear Louisville nml Nashville will pay 7
>er cent nnd should sell up about 10
Mlnta.
Dow Jones ft Co.'s summary:
American stocka In London steady at
about parity.
Further gold engagements In London ex
pected, especially on Monday, when 1430,-
uOO Is nvollable In open market.
I,n*a by disaster at Hongkong estimated
nt 820.ood.ooo.
Secretary Taft la still adjusltng disputes
In CuImi.
Chesapeake and Ohio earntnga and equi
ties for fiscal year equal to 6 per cent on
Rent earnings
to 20 per cent on common.
Crop report* continue satisfactory.
Distillers' Securities' dividend quarterly
14 per cent, advancing tho rate from 4 to
5 per cent basis.
World's
record, am
ols
So., ™
Increased .
Twelve Industrials advanced .60 per cent.
Twenty active railroads advanced .80 per
cent.
but the trade waa
•lined to make this Into a very bull
ish argument, simply liecanse of the liellef
situation was very evenly >«h.i« w . ..... I(
will take some strong new development
to more the market out of the rut It Is
now running In. The chief feature of the
first of the weekly figures 1171s the light
receipts lu the eastern l*elf. The crop
In the Atlantic* Is showing up much lighter
than expected. One of tho reasons why
the mnrket doe* not work lower of Its
own accord Is the attltmle of Liverpool,
which persist* In mnliitnlnlns a parity »r
over 90 points. A break In IJverpool
would only too quickly 1m followed by lovr :
er prices.
'When you go to a summer hotel the
first thing you should do |e to have all
your money put In the hotel safe.**
"That Is the last thing I do."—Hous
ton Post.
AT THE OPENING
Money Tension Relieved by
Action of Secretary of
the Treasury.
OFFERING FREE LATER
Except in Southern Pacific
Prices Declined—General
List Neglected.
Nevr York, fcepb 21.—There wa* no fur
ther developments of note In the money sit
uation this morning, nnd the stock market
Iwtrayed the oatue uncertainty that It hna
nil the week na to whether the next torn In
this quarter would be favorable or unfavor
able. Unit money loaned In the forenoon
between 6 and 64 per cent, but again there
was no evidences of an easing of the strain
In time mnuey or commercial discounts,
nnd the rntber unexpected redaction through
yenterday'a operations of the week's gain at
the sub-treasury was not nn encouraging
Incident. Tho atoek market preserved In
the main a pronounced degree of strength,
but the movement of prices was very Irreg
ular throughout the morning, nud whers
manipulative buying forced up some Issues
heavy realising depressed others. Konthern
Pacific, St. Paul, Haltlmore snd Ohio and
the Coppers were the strongest snd most
it, but their move-
e Interest nnd the
trading was wore
I than ever.
New York. Sept. 21.—With the ex
ception of Union Pacific and Chsoa-
peake and Ohio, the opening prices of
stocks did not show Urge changes from
yesterday's closing, and the market was .
somewhat ltregufai*. The undertone, j
however, was firm. Union Pacific I
opened 3-4 higher And advanced a full
point later. Chesapoake and Ohio rose
JI-4. Reading was 1-4, and after open
ing advanced 3-8. Other gains extend
ed to 1-8 In Atchison, 1-4 In Missouri
Pacific, and Erie was down 3-8. Nor
folk and Western down 1-4. After the
opening the market became Irregular.
The expectation of early action by the
secretary of tho treasury to relieve tbs'
money tension caused a strong tone at
‘he opening, and In the opening trading,
•nt later the outside speculative element
became aggressively bearish, nnd stocks
wera freely offered at declining prices, ex
cept In esse* where there was apparent
pool buying nnd bull manipulation. South
ern Pacific was made a leader on the bull
side, snd sold as-high na 97. a new high
record. In this, those affiliated with E.
against Ht. Paul. Rubber showed strengtC
advancing 14 to 66, Kmeltlng rose 14 per
cent to 1564. snd National Lead 14; to
804- The general list was neglected, sud
declines were developing. London was uot
THE LONDON STOCK MARKET,
Atchison.. ..
Canadian Pacific
Chic., MU. and Ht. Paul. .
HUnois CentralV.
Louisville sud Ssshrllle. .
Heading..
Pennsylvania
Southern Pacific .
Union Pacific 1884
United Mtatea Kteel 46%
do, preferred. . .
2 pm
J. T. I10LLRMAN, President.
F. J. PA NON. Vice-President.
W. L KEMP. Treasurer. •
J. W. ANDREWS, Kecrefkry.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00*
On* dollar atari* an account
Hour*: 9 a. m. to 6 p. m. Sat-
urdays till 9 o'clock at night
DIRECTOR A 1
THOM. J. PKKPLKK.
W. B. HTOVALL. F. J. l'AXON.
W. O. FOOTE. J. T. IIOI.LF.ilAN
CLYDE RBOOK8.J. M. JOHNSON.
J iiiiNAn 4. 1 r.i'.i i.r.n, ininier.
AMES G. LESTER, Assistant Cashier.
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 vaults in the basement of the
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one, We invite
you lo call and inspect them.
Title Guarantee and Trust Co.
FJSfc ‘ifTM taw?**
Third National Bank
Capital
Surplus
A. W. Calhoun.
Milton Dargao.
John W. Grant.
H. Y. McCord.
. . $200,000.00.
. . $300,000.00.
DIRECTORS. j.
Frank Hawkln*.
H. M. Atkinson.
Joseph A. McCord.
. H. Nunnnlly.
Carroll P.iyn*.
. B. Rosser.
'avid Woodward.
Liter
Hem Ortesst.
cottonYgram, ^rovisio^Stocks^bonds,
2 Will St.. Allt.lt. it.
Tsrt Cette* L'tclstoe. CMeege Beard ef Trade.
- " cSkSs Steck itcJ
Orleans Celts* tat}
fat, Hem Orleeat, Chkeye.
rllinl
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.