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

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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.