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

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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.