Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY, BEFTEMBER a.
II
TRADE MODERATE
AT TJE_0PE1G
Changes Slight with Profes
sionals Doing Bulk of
the Business.
UNDERTONEIS STEADY
Heavy Rains in the Eastern
Belt Was Only Sus
taining Influence.
New York, Sept. II.—There wai 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. This checked sell
ing and contributed to the steadiness
that prevailed after the call,
The professions! element still hits control
of the cotton market. They hold possession
through necessity; they, cannot turn lot
and tin
through necessity; they cannot turn loose
and tno public absolutely refuses to come
to their assistance. As n result business Is
rery dull ‘with trade light. Fluctuations
during the morning covered a range of some
2 to 4 points.
Weather reports this morning were un
favorable In the eastern belt, though fa
vorable west.
IJverpool was not s factor, opening about
as expected or % to 1 point lower on fu-
lay prices varied only 2 points from
opening figures.
A Liverpool i
for snots from the continent and all around
has fallen off decidedly.’*
Following art the active months In Liver
pool today: • ... w ,
Open. High. Low.
Ocfober-Novemher 5.04 8.06 5.03%
Jnnuary-February. . . -8.06 8.07 8.04
Mnrch-Aprll 5.09 8.11 *
Mnv-June 8.11% 5.14
flume week last year..
Decrease 82.666
Total since September 1 388.701
Same time last year 629,449
Decrease 233,749
Crop Movement.—Secretary Hester:
1906.
1406
Kill
..286.306 307.397
Since"Heptltnber J .,..878,803 806,230
Interior movement for week:
Total receipts 147.344 178,221
Shipments 123,404 143,429
Stocks 144.631 207,117
Super! ti
In sight L— -
Since September 1 670,314
Estimated receipts for tomorrow:
1906.
New Orleans 3,400 to 4.400
(inlroaton 16,000 to 17,000
IfoiiNton 13,000 to 14,000
The market nt the close was steady ssd
unchanged to 2 points higher.
1906.
3,146
li,J70
18,637
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glhert & Clay.
New York. Sept. Zl.-Ltverpoo! at 13:30 p.
m.. % and 1 lower. Was due unchanged.
Same local l>ear crowd arrayed against
the market, but New Orleans has been a
moderate buyer on differences.
. Carpenter, Raggett k Co. any: "We be
ueve In lower prices."
r “* , ‘ " * “ "There
we shall have
.aey do not look ft.
ate drop they are selling ou hard
•pots Instead of coverlpg ou them. This
Is nlaitit all there Is to the market just uow,
and see little reason to get excited over the
outlook.'*
Georgia's agricultural commissioner
"Cotton has deteriorated In this state past
two or three weeks. Condltlou now at av-
very strong position. The stocks In first
•bands are nominal, and some of the largest
Johlters have gone as close to the boards as
they can and still remain In business. Any
replenishing In the next sixty days will l>e
nt full values, and If there are no advances
“ y anticipate a very large volume
lines* when they are Anally forced
While many of them recognise the fact that
the widespread amount of hand-to-mouth
purchase Is a strong factor lu holding spot
C rices, they do not see what they can do
> relieve themselves without encouraging
further advances."
New Orleans, kept. 21.—Market Is quiet
and steady, with no particular feature. The
unsettled weather la causing a few shorts
to cover.
relink . .. -
r to Sweetwater, through to Fort
... _rop Is simply Immense. Past two
weeks’ favorable weather adds to the condi
tions."
Today's mn|v shows heavy rains In Ten
1‘ssee, Geofi ‘ “ * “ ‘ ’* ‘ 1
and scattered
condition* are generally cloudy east of the
Mississippi, with fair weather In west. Map
nut considered entirely favorable.
’The eastern forecast Indicates fair weath
er tonight for the C'arollnas and showers
tomorrow. For the ha la nee showers nud
thunder storms tonight and tomorrow.
The western forecast Indicates fslr weath
er tonight and Hnturday for Arkansas, the
territories nnd western Texas: for the lm*
auce thunder atorrna today and tomorrow.
Edited by
Jgscph B. Lively
MARKETS
31 r. Lively's twenty-Are
years' experience of ed
iting markets In Atlanta
and the Booth has made
him a recognised au
thority In bis specialty.
TIPS PLASHED
Prom wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Private Wire to Wore k Leland.
New York, kept. 21.—Liverpool futures
opened quiet a partial 1 point down ou uear
nnd 1 down on late. At 12:18 p. m., 4 to 1
Liverpool cables: "Market steady with
out especial feature."
Cotton opened quiet In New York, as ex
acted, on Llvi * " “
icavlly mtUl by
at 31 and 32 points under Decetnl
was a heavy seller of Decemlier. Market
does not show simp, and with cotton press
ing on the market liellevo It must work
lower. Think It it sole on slight rally.
II. Wilson offering 5,0$) Decemlier nt 9.2L
Huy lug by II. Wuaon steadying the mar
ket.
New Orleans, kept. 21.—It will tnke verj
I Mid weather over the belt to hold the mar
ket, and with such weather It Is next to lm-
Hisslble to ndvnnce ft. On the. other hand,
J good weather seta In the market will de
cline considerably.
The weather map shows a moderate
ntnonnt of rain In southeast Texas and
considerable In the eastern licit.
No change In market. The ring Is life
less nud the snot market Is quiet nud
steady at quotation!, with 300 to “* —*-
and BOO or 600 f. o. b. sold so far.
went 28 to 30 on October for Liverpool good
middling, October delivery.
The market continues stagnant The out
able public Is doing atiaolntely nothing and
f rofesslounla are doing little. The demand
or spots la not so strong as It was, and
some exporters claim that September ship
ments are well Ailed.
THE COFFEE MARKET.
SPOT COTTON MARKET.
Liverpool, spot cotton quiet and easier;
middling uplands 64?d; sales 6.0W; Amer-
t< un 4,M0; speculation and export 500; re
ceipts none. .
Atlanta, steady nt 9%e.
New York, quiet nt 9.75c.
New Orleans, steady at 95-16c.
Augusta, quiet nt 9 7*16c.
Savannah, easy at 93-16c.
HI. Lnvts. quiet at 9%e. #
riinrleHton, steady at 9%r.
Itnltimnre, nominal nt 3%c.
Memphis, steady it Mjj.
Galveston. Arm at 9 7-16r.
Wilmington, tteady at 9 3-16e.
Norfolk, Arm at 3%c.
Mobile, quiet st 0 316c.
TODAY’S PORT RECEIPTS.
The following table shows iccelptsst the
New Orleans.
Galveston. . .
Mobile
S.nujjnab. . .
Charleston. . ,
Wilmington. .
Norfolk. . . .
Baltimore. ...
Bouton
4678
11178
1319
9791
2002
2681
1244
11407
2724
2802
INTERIOR MOVEMENT,
i he following tntde allows receipts at the
[••rlor towns today, compared with Ins
me day last yenr:
Houston. .
Augusta. .
M'lnpld*. .
S' lamia. .
Cincinnati.
Total.
COTTON SEED OIL MARKET.
N.w York. S*|it. SI.—Th* market for
ftton iwd oil wai a,aln atwnljr and fair-
' Th* raccnt drrllna In price
hrlng out any In re offering, from
h, and then- «aa InatMd fairly
which haa I wen taken for early
•nipni.nl la law* *noii/rh to pr.r.iit any
prciir. of apot oil. It la believed, for
- 'in. time lo color, and .Ihta la ahown In
ih. pr.niluni for Hrplrmhrr, and also lha
pr.inhim for the drat half of Oetolier. Th*
rather slow movement of cotton and* the
lateness of the crop emphasises the short-
of supplies. The market at the close
& I'lemher.
•w*tol»,»r. .
November.
Ihfember.
■lannnry. .
March. . .
tinned* steady.
ket showed n further tendency toward re
action after the gains of yesterday daring
the early session as a result of less ag
gressive support by the trade Interests, who
have been bulling It and disappointing Ku-
ropean cables, while a bearish construction
was also placed upon an article In the Bra
silian Review of August 21, which expressed
the opinion that nature had killed valorisa
tion nt the outset by providing n bumper
April
Jane
July.,-
Auguiit
Heptcmher
October
November.. .... .
Decemlier.. .. ..
Closed steady.
6.58-6.65
.. ..6.604.70
,. ..675
.. .6.754.86
.. ,.6.90
. .6.98
. ,.7.00
,,,.6.96-7.00
. .6.384.50
.. ,.6.40 .
.. ,.6.48
. . .6.504.65
Close.
6.464.80
6.804.68
6.60-6.65
6.664.75
6.75410
6.904.15
6.884.90
6.904.95
6.20425
6.254.30
6.30435
6.404.45
NAMB OF STOCK.
Amalgamated Copper
Atlantic Coast Line. ,
Americau Sugar lief. .
Anaconda
American Locomotive
do, preferred •
Amer. Smelting Ref
do. preferred
Atcbloou . . . . .
. do. preferred. ..••••
American Cotton OIL ....
Amer. Car Foundry. .• • • •
Baltimore k Ohio.
Brooklyn lUphl Tran
Canadian Pacific. ......
Chic, k Northwestern
Cbesaiieake St Ohio
Colorado f uel * Iron
Central Leather
do, preferred. .*.....
Chic, k Great West'o. . . .
Ch c., Mil. k St. P
Delaware k Hudson. .* . . .
Distiller g Securities.
Erl,
do, prrf.rrnl ,
(l.norel Electric.
Illinois Central
Amrr. Ic* Krenrltlp,
Loulavlll. k Naibvlll*.. . . .
NEW YORK.
NAMB OF STOCK.
N. Y.. Ont. k Western.
National Lend* .....
Northern Pacific. . . .
New York Central. . .
Norfolk k Western. ..
Pennsylvania
I'nnnl.'. fl„
Texna * Pad Ac. .
Colon Pacific. . . . ,
United States Steel,
do. preferred.
The following Is the range In cotton fu*
ttires In New York today:
kept. . ,
Oct. . ,
Nov. . ,
Dec. . .
Jan. . .
Feb. . .
March. .
May..
Closed steady.
JbII
3.8746 8.86-
5 103-04
120-21
9.29-30
9.37-33
9.46-46
3.37-88
TUTS
6.8843
9.03-04
3.99-21
9.3940
9.8749
9.49-46
9.1748
LIVERPOOL.
raw .MS Jg&JMUB&K
Futures opened quiet and steady.
opening. Previous
&«»•:•*: .:..:fP n Tfl
2*t..NoT f-N K.0* 8.04!
b**.-J*p 8.0JV4-8D4 s.oa
Jan.-Frt. . . . .6.* -8.04 1.07
Yah.-March. 8.08V4-8.07 *
U.reh-April. . . .1.09 - —
Aprll-klay. ....
Uay-Jnar. . . .
fined alaady.
NEW ORLEANS.
The following Is the range In cotton fu-
lures In New Orleans today:
i
S
s
i
III 1
||
£ V
kept, ....
oct
Nov
Dec
Jan
Feb
March. . . .
May
9.26
9.13
t! 22
9.33
9.47
9.9
9.19
R24
9.24
*9.48
9.26
9.17
9^22
9.31
9.46
9.9
941
921
9.21'
9.47
9.39
9.17-18
9.20-22
9.32- 23
9.32- 33
3.97-33
9.47-48
9.62-64
9.U-X
t.16-17
*9.18-20
9.21-22
9.31-32
9.36-87
9.46-47
9.61-62
NOTES ON GRAIN
Polntera on Provisions.
Private Wire to Ware k Leland.
Chicago, Kept. 21.—It looks as though the
bullish fentures In wheat have been pretty
well discounted by the recent advance.
Shorts have covered freely, sad new bull
motives must be found.
Mlnnetpolls stock of wheat decreased 400,-
0 for the week.
Considerable rain through the country,
and claims made that wheat In shock has
lieen damaged.
Outs a shade higher In sympathy with
othsr markets. No trade of any note ex
cept Bartlett, Frasier and Carrington buy
ing a few December.
Chicago Inter-Ucean: "A Duluth bouse
that has been lienrish says: To tell the
truth, we hardly know what to muke of
Ills wheat market. Receipts ere light,
farmers are not aelHug freely, and are
holding back a good many deliveries actu
ally made to the country lines. Foreign
markets are more decidedly Interested than
n some time. They seem especially mix-
ous for springs, as this class of wheat
from Russia has been badly damaged, and
other countries also hare very poor quality
this year. It looks as If the market would
work stronger unless we get a larger move-
*--- now g# , rInB po,rible In Csusda
'n nopthvMt' "
mi...
and onr own northwest. 1
Deliveries of com on September trades
WHEAT OPENED
FIBMJNO HIGHER
Foreign and Domestic Ad
vices Arrayed on Bull
Side of Market.
Chlcairo, Rapt. II—Profit taklrtg on a
large scale was taken In wheat, corn
MARKET WAS SMALL;
LEFT OBJF LOWER
N,w York. Sept, a.—The Snn „ra: "It
waa a day of .mail thing. In th* cotton
gntrket. Th* (peculation waa intall. the
fluctuation, were •mall, and th, ending wa«
« .mo l decline. There wn, .till n very
5 ner,l disposition to “
rther development,
ur*. light I, wanted on th* queatlon of
deterioration In the crop. The bulk of
the new, w„ favorable, bti' - - -
eontlnned to „nd report, ...
ellne In the condition of the plant, nnd
they were not without effect, acme fenr
ing that thv October re|H>rt by tbe guv-
eminent would make a bnllUh enhlblt.
Then. too. . the receipt! were moderate,
ond although n Urge movement I* predict
ed nhortly, the fnet th.tt It I. not nn free
expected tend, to keep nelllng within
iKiunda. 4 ct. for the time Itcluir. at nny
rat*., the jtrMnr, wx, on the ncTlltiK aide.
and oata on the hard apots and price, j-"*? 1 Wajl,atrai^t long. Mid nnd room
•offered in - .. .... tradori wild moderately for ehort necount.
nufxerea In conaequence, a. the talent The south alifo rent Milling ortl... th.
|,toi,
ere Iticrexalng, there being 66,00 buahel, rent m ei n lv bettor
out yeaterdny, the Urgent no fnr thl, mmy
month. It woe delivered- by Hhnffer and
conaeauence,
backed away from the Increased oup-
ply put on *ale. Reefing epota for the
day ahowad sharp reaction, and de
clines from the beat prices reached.
Net changee for the day were:
Wheat unchanged to 2-t01-4c high
er: corn 1 l-Sc lower to unchanged
oata l-IOl-lc lower and provisions
taken In by Armour.
GIBERT & CLAY'S
DAILY COTTON LETTER,
New Orleans,
rpnol Improved engnti, ...
■Inn, nnd cloned 10] point, higher than
yeatenlay. Foreign n«wa waa extremely
oearce, probably owing to th< lack of new
ilevelopinenta. Hpot Miles were 6,000 bnleo,
8 point, lower. Covering by n few shorts
shortly after tbe opening on further heavy
rains in portions of the eastern licit eon,
• Minted nliont the market', only activity.
The weather le decidedly unaettled over
the belt, but It can not lie said that nueh
a condition la surprising at this period of
the rear. However, la Texas the clear
n-vnther has eonalderahly Increased pick
ing nctlvlty, even, It le said, at the ex-
— 1 — operations; nererthaleae
average
_ ___ . nn Increasing and well
maintained demand to foldll prompt ship
inont .how signs of fnlltng short of resllxs-
tlon, for It appears now as though th*
need, of the present have been eatladcd.
Foreign eslilee report a material decrease
In demand not only for Ih continent, but
from all nronnd from which the Inference
may be drawn that spinners have liee.nn.
Imbued with the Idea that the expected
liberal movement shortly will create s
more profitable trade Intals.
Now h York. Sept. 21.—The market was
strong today, though not parMeulariy ac
tive. except In certain aperlaltlea. Trailing
waa of n mixed character, consisting of
Imth preaanre and support In turn. Jlobl
ciigagementa were nnnounee.1, portly from
Purls, amounting lo 11,3)0.000. Among the
Items of the money movement, the ship
ments to the InterloMlnrludln* Hon Fran-
cla«H). approximate 34.300.0W, am! thl* w«nl(|
Indicate n greater demand for money than
hitherto expected by Interior banks. It
Is quite rlenr Hint the ground work Is be-
lug laid for some form of aid by tho
*—rtnuwt t«> !m*lnf > ** lnterc*at».
dlvhlvml payiiieuta for Octo-
iwr Twlli Iw l*rx«*. monntlme funda an*
ln»r 1 will Ih* l*rx«*. moan time mini* an
no**lltly nerumulftlln* for .anrh illamirae
menu.. KturnfftmetiU of fold from th#
Bniik of France today nlnn«t aurely fore
aha don* further larfer ahlpmentii directly or
indirectly from that aourec, and It la quite
GIBERT & CLAY
BOND*.
«• I. ALABAMA 6T.
STOCKS. _
COTTON. ORAIN,
COFFEE, PROVISIONS
ATLANTA. OA.
ra tr'fr* RrffSSMvir KSCm C 8 0 t«? E«h?^:|uTC C f?S.l%tt l on 0, AS!riatte«
*•- vora CoffS I«hlSK-.|N.7 Ott:: of TrJJi.lM.lTraton Cotton Exchange
UC .nd L.n S PltUn^K «• PAGAN. M.n.0.,
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Beil Phone, Main 858.
ATLANTA, GEORGIA.
ado on is in'.ww nuaneis, tiie inner uenif
paid for liy well* and aent ont by Hhaffrr.
Cash Business In ('hlcsso yesterday was
» 000 wheat, corn 40,000 bushela, and oats
000. At ths seaboard export Milan of
wheat were 34,000 hnahela. corn 64,000 bash
els, and onta 100,000 bushela.
Hrhwabacker entlmntea atocka of nrovl
•Ions In Crhlcaco are 21.800 Iwrrels pork, 78,
000 tierce* lard nnd 17.000,009 pound* abort
riba. All show tos*ea from September 1.
Minneapolis millers sre not ss anxious for
cash wheat aud paid 903Hc over Kap tern her
for No. 1 northern yeaterdny. Thin waa a
reduction of tyc. outride mills In other
states were said to !»• buying wheat and
payinn good price*. From the war miller*
are after wheat It la suggested that they
must have sold more flour than has boeu
reported as having t>cen sold of late.
Private Wire to Glbsrt k Clay.
“— 21.-While wa still feel
wheat, would not overlook
^ on the bard spots.
Trices not likely to ndvnnce sharply In
corn at this time, but look for good sup
port on soft spot*.
Would continue to buy oats on any dips.
The Record-Herald: "I’rlrnfe elerntors
continue to tuni out cash corn as rapidly
•a possible: expect to deliver shout 1.600.000
bushels. They sra claiming that car short
age on all western roads Is Interfering wll*
their supply of raw material to work on.
The Impression Is grow lug that the wheat
market will work higher unlea we get a
larger movement than now seems possible
in Canada and our own northwest.
Chicago, kept,
’•rv friendly to
aklng profits on
WEATHER IN COTTON BELT.
Texas—Tyler, Temple. Houston aud Fort
Worth cloudy and pleas.)at. kbermno.
Dalits and Belton clear and pleasant. Haa
Antonio cloudy and pleasant.
Mississippi—Jackson and Nntches partly
ny .... .
Aberdeen, Amory and Tupelo cloudy
~ iln last night. Corinth
pleasant.
New Alban;
burg, Abert
and pleasant; ral_
cloudy, threatening and pleasant.
Alabama—Birmingham cloudy and threat-
’ * Mont
i y«»
, pleas*
ant; rained all night, kelma partly cloudy
and pleasant; hard rsln yesterday after
noon. Troy dear and pleasant; showers
yesterday afternoon.
Georgia—Macon clear and warm; hard
rain yeatenlay afternoon, ftarannah cloudy
and warm. American, Albany and Atlan
ta clear and pleasant, rohimbua dear nnd
hot: rallied yeaterdny afternoon and last
night.
WEATHER IfTwHEAT BELT.
Northwest—Fair sod cloudy; 31 to 62
above.
Northwest—Partly cloudy; 44 to 60 above;
general rains In Mlnenaota and North
Diir.ota.
West and Southwest—Partly cloudy; 70
above; rain, snow ssd scattered showers
Missouri and Illinois.
Ohio Valley—Generally cloudy; 64 to 70
above.
WEATHER FORECAST.
Georgia-Occasional thunder showers Fri
day and Hnturday; light to fresh south-
W !?«.5sU East Florida. West Florida,
AlalNiroa and Mississippi—Thunder showers
Friday and Hat unlay; light variable winds,
mostly southeast.
East Texns-Hcnttered thunder showers
Friday and Saturday, except fair weather
In northwest portion; tight to fresh south
east wind*. . . . .
Arkansas—Fair In west portion and sbow-
West Texas-Fair Fr
obvious that such a development would
rnnstltnte a strong sentimental Inflnence on
th** market, which we expect to see ac
tive snd higher, as a result of this and
a farther evidence of tbe Intention of sev
eral mrporatlons to make a larger dis
tribution of earnings.
)
Cash sales here were 66,000 bushels
wheat, 34,000 bushels corn and 60,000
bushels oats.
Clearances for the week were 4,673,-
000 buahela wheat, compared with 4,-
663,000 bushels for the week before,
and 3,179,000 bushels a year ago.
Corn 646,000 bushela for the week,
against 996,000 bushels the previous
week and 1,273,000 bushels a ysar ago.
The Modern Miller says that rains
have permitted ths resumption of seed
ing In sections of the east and south
west, and this work Is qow being car
ried on as far north as Nebraska.
Primary wheat receipts 1,010,000
bushels, corn 659,000 bushels; a year
ago 1,265,000 and 621,000 bushela re
spectlvsly.
CHICAGO GRAIN MARKET.
weather was favorable In Ihe main, nnd
Liverpool reacted before the close after
advancing early n the day. At one time,
bull support nnd more or leas covering
canned something of a rally, but It proved
to be onlv temporary, the course of prices
hinging InVthr end on tho weather news
amf scattered llqnldatton."-Gtl>ert k Clay.
New Orleans. Sept 21.—The Times Dem-
oerat: "Notwithstanding the rather gen
era! belief that the near future will wit
ness a relaxation It. trade rferannf f*>» ac-
tnsl cotton, no ambition to sell the stuff
down marks rurrrnl operations. Conor*
quently, the dally fluctiumonM continue to
range within very narrow limits. Sentl
ment being against the market, lucons*
s yet
I tlm
Ime trad
enough to disappoint many
— — *—• -“| r
s
lldoy,
active business.
era, and to Impel the dealro among avet-
age shorts for a eleafc covering oppor
tunlty. Yesterday's cotton market felt tin
Inflnence of the Jewish holldn
spot
Tber
operators avoiding
Chicago grain an<* provision quotations
for today follor**
Open.
WHEAT-
fiept.... 72%
Dec 75%
‘or. ull 79
CORN- .
kept,... 49%
m s
POBK-
kept.. 16.75 H
Jan.... 13.10 L
LADD-
kept.. 8.87% I
Oct.... 8.86 I
Jan... 7.77% 1
RIDES—
Rept.
Oct
Jan
(AMI
2 bard winter '
till
ikt
1111
1:8“
7.7«4
mu... 8,75 8.91*4 8.78 8.MU 8.88
S:::: ^ 5:5*
i ARII WHEAT- „ .
No. 3 do 70©75.
THE 8UQAR MARKET.
New York, Rept. 21,-Ths local reflned
•nd raw sugar markets are unchanged and
idy. * ““
SOUTHERN EXCHANGE
Olfieat Eetabllxhed filtlce South.
COTTOM STOCKS BOHOS—GRAIN
Ground Floor Oould Building. Dally
market latter and market manual
mailed on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
flCrCRCNCC, THE NEAL BANK
PHONE I41T. PRUDENTIAL BLOC
wre were no developments of moment.
mltments In vidums are called for. the hand
of the farmer will not Im» showp. Mean
while, contract trading by the professional
prolmbly move on the same lines a* devel
oihhI during the last hour's trail!.
tordny. The ntrength of Southern
seems to have the approval of banking In
terests aud Its friends. Erie appears to
bo more pronounced. They are *
ed, and we look to see this stock
lu nn otherwise good market.
Trader*' market. A purchase on reces-
Ions and a sale on bulges until the mono-
try Hltuatlou Is cleared.
Think Erie n good purchase.
Think Baltimore and Ohio good for
point* adrauee.
l’lttriiurg sited*!: "Officials of the Wn
Itnsh here decline to affirm or deny the
truth of tue report that the company litis
secured a terminal In Philadelphia. State
ment regarding It was made by a promt-
neut railroad man who returned to this
city from Philadelphia Inst night."
New York Financial Bureau: We ex
pect Irregular price* In the stock market
titday. Specialty advances seem likely In
limited case*. But the recovery has been
too swift for stability, fio not understand
'as as bslog bearish. Developments this
nioiulDg Include the Increased gold re«
c-tptp, which sre good, and no further
demand from tbe Interior, which to also
favorable Tbe money situation, It may lie
concluded. Is the dictator of the stock mar
ket. There Is no danger bemuse of th*
treasury relief fbnt will prevent it. luit
the dally operator will keep a close watch
on money and sail close to shoro temporari
ly. Later- we can have a broad market,
nnd we believe It fa to the Interests loaded
with stocks to promote such a market. But
they will not flo It now, when It would
not only arouse a storm of censure, ac
complish practically nothing and Invite se
rious danger. The present situation ap
pears to it* to be the Wall street view
we ngnln caution yoti to conflis
to apechil
reactions.
Ihltlea. buying stan
stocks on
. . ... _JfL.
buying of Bnltlm< ...
morning. We observe Gates'
Ing the purchase of It. Western ntmorptloii
was reported. Wo liellevo the stock will
York much higher.
There la bull talk this morning In good
I rale* ou r«oulitvllte nnd Nashville. Wo
think this stock will have Its turn. When
Dow-Jones k fo.'a summary:
American stocks In I^mdon steady at
•bont parity.
Further gold engagements In London ex
J by dll
nt $20,009,000.
Secretary Taft Is still adjusting disputes
In C'uImi.
Chesapeake and Ohio earnings and equi
ties for flacaf yenr equal to 8 per cent on
on(dial stock.
High prices for bar gold paid In London
yeatenlay offsets advantage derived from
treasury deposits —*
Beal esrnlnr-
to 20 per cent .
Crop reports continue satisfactory.
Distiller*' keenrlties’ dividend quarterly
1% per cent, advancing the rate from 4 to
nnei* sursnTnge uenvea iron)
malts against gold In transit
Ing* of Hocking Valle/ equal
nt on common.
orld’a production of wheat largest on
record, and will exceed 3.600.009,r*
-rgutr.- . — .
that light rccelpta are mused by. holding
^^■A^AHMMBMgMAMBBBrlres. Thw
l»ack In the country for higher prices,
situation waa very evenly balanced, and It
will take some strong new development
to move the market out of the rut It Is
TONE WAS STRONG
AT THEJPENING
Money Tension Relieved by
Action^of Secretary of
the Treasury.
OFFERING FREE LATER
Except in Southern Pacific
Prices Declined—General
List Neglected.
New York, fifept. a.—There was no fur
ther developments of note In the money sit
uation this morning, and the stock mnrkct
Ini rayed the same uncertainty that It h:<*
nil the week as to whether the next turn In
this quarter would be favorable or unfavor
able. Call money loaned In the forenoon
Imtwoen 5 and 6% per cent, but again there
was no evidences of an easing of the strain
In time money or commercial discount*,
nnd the rather unexpected reduction through
yesterday's operations of the week's gain at
tho anb-treaaury was not an enconraglng
Incident. The stock market preserved In
the main a pronounced degree of strength,
but the movement of prirea waa very Irreg
ular throughout the morning, and where
manipulative buying forced np some Issues
heavy realising depressed ethers. Southern
Padflc, Rt. Pant, Baltimore and Ohio and
the Coppers were the strongest and most
active stocks on the Hat, but their move-
ment excited no outside Interest and th*
whole character of the trading waa more
narrow and professional than over.
Now York, Sept. 21.—With the ex
ception of Union Padflc and Cheoa- .
peake and Ohio, the opening prices of !
stocks did not show lanre changes from ,
yesterday's closing, and the market waa \
somewhat Irregular. The undertone, :
however, waa Arm. Union Paclflo !
opened 3-4 higher and advanced a full
point later. Chesapeake and Ohio rose •
II-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
Padflc, and Erie waa down 3-3. Nor
folk and Western down 1-4. After tho
opening the market became Irregular.
The expectation of early action by the
secretary of the treasury to relieve the
money tension mused a strong tone nt
**“ opening, and In the opening trading,
later the ontslde *|>erulatlve element
nd stocks
price*, ex-
J apparmt
pool buying and bull manipulation. Houth-
ern Padflc waa made a leader on tho bull
as high ns 97, a new high
— —Js, those affiliated with E.
II. Harrlmnn Mid that the aecumulatlon of
Honthern Paelflc on this advance wn* haned
chiefly on Information that arrangement*
have l»een to retire the preferred stork.
Rt. Paul opened %c higher at 178, nnd de
clined to 177% under arbitrage trading
against Rt. Paul. Huhher *hnvred strength
advancing 1% to Id, Hmeltlng rose 1% per
cent to 116%. and XntlonnT Lead 1% *
80%. Tbs general list wn* neglected, <
declines were developing. ~
® i!* h „‘ THE LONDON STOCK MARKET.
In the Atlantic* la showing up much llghtu.
thnu expected. One of the reasons why
tho market does not work lower of Its
own accord Is the attitude of Liverpool,
which per*!*!* In maintaining a parity of
over DO points. A break In Liverpool
ould only too qnlckly be followed by low
er prices.
"When you go to a summer hotsl the
first thing you should do Is to have all
your money put In the hotel safe."
"That is the last thing 1 do."-—Hous
ton Post.
RTOCKR—
Anaconda.....
Atchison
Canadian Padflc
Chic., kill, and Rt. Paul.
IlUnoig Central. .*,* *.. \\
Louisville and Nashville. .
Reading..
Pennsylvania
Southern Pacific.,
Union Pndflc .
United State* Steel
do, preferred. . . . . .
WARE A LF.LANO’S
DAILY COTTON LETTER.
New Orleans. Rept. 21.—Today's market
was about the narrowest on record up to
noon, the range of the active, or hereto
fore active, position! was only 2 point*,
Decemlier selling from 9.22c to 9.34c. Tho
ontslde —
public was not In tbe market at
ly llinltei
Uveri
eniue IA nlmut as
, irpool
expected, and neither side received nny
help from that quarter. The wcuther map
was about as good as It wss bad, gpod
weather In the west bain need rather un
favorable weather In the east. The expec
tation of rather lienrish week-end atatl*-
tics waa about balanced by a lessening In
the spot demand, and tbe claim by relia
ble people that the greater part of \ic
pressure to buy spot* to All Reptemlw*r
shipments had been removed. The move-
PAXON. Vice-President.
W. L KEMP, Treasurer.
J. W. ANDREWS, Secretary.
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
One dollar atarta an acceunL
Hour,: ( a. m. to I p. m. Sat
urdays till t o'clock at night.
Tnon. j. i r.Bl l«r.N.
W. II. STOVALL. F. J. PAXON.
W. O. FOOTS, J. T. IIOLLKMAN
CLYDE BBOOKR.J. M. JOHNSON.
WM. L. PEEL. President.
ROBERT F. MADDOX, Vice President
JAMES 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 tbe 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 to call and inspect them
Title Guarantee and Trust Co.
Hut Oil tint.
COTTON^GRAm, ^HOVISi5n§StoCKS^B0NDS,
K i Orfetee Ceftoe —
tr frhlfrwkn lYitw fert. few Orient, Cklafe.
feflfleee 1262.
lew reek Ceffee firtiege,
~ C. COTHMAk. tinner.
‘He* cl
H. M. Atkinson. V. P.
Joseph A. McCord, CaiMer.
Third National Bank
Frank Hawkins, President.
TnomssC. Erwin. Asst Cashier.
R. W. Uyere, Asst. Cashier.
Capital
Surplus
Pr. A. W. Calhoun.
J lllton Parfan.
? hn v w * r s™a t
x. McCord.
DIRECTORS:
Frank Hawkins.
II. M. Atkinson.
Joseph A. McCord.
$200,000.00.
$300,000.00.
Carroll Itoyne.
fe. B. Rosser.
David Woodward.
LOWRV NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.