The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 24, 1906, Image 11

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THE ATLANTA GEORGIAN. 11 \ I ' COTTON HEAVILY SOLDJT START A Decline of 5 to 9 Points in Initial Prices the ' Result. SPINNERS THE BUYERS Together with Some Sup port in a Steadier Tone After the Call. New York. Sept. 24.—At the opening of the local cotton market there was heavy selling, based on the weak ca bles, but also some good buying, a part of which at least was credited to ■pinners. First prices were 5 to 9 points lower, but the buying men tioned and‘Some bull support steadied the list after the call. Th© Liverpool market was decidedly dis couraging to the friends of cotton tbla morning. It was due to come a1*out un changed. whereas prices at 12:30 were some 6 points lower on futures, while spot was marked down Snolnta to 5.47d for middling Ortober-Norcmber. Janunry-February. March-April... .. May-.June Open. High. Low. ..5.00 6.00 4.98 ..6.05 6.06 6.02 .... . ,.6.0T 5.07 5.06 New York opened 5 to 9 polnta lower. first price* living at the highest price* ol “ --- * — • • nt (tat apet cotton In all the market i-enters, with freer offerings reported, the iferf/rre continued, with only email recover- lea throughout the morulug session. Comparative receipts at all U. 8. porta: Increase Total receipts for two days.., Same days last year NEWS AND GOSSIP Ot the Fleecy Staple. . °P-ned * to 0 lower. Expected to Ik* unchanged. Lfrerpoat cables: ".Market r© L ./* effect of rnther more actual cotton offered and con tinued long Belling." We look for n steady decline In price of wjtton with occasional rallies. 1 llie Journal of Commerce says: "Buying !n Bw ,“ "" hut little In* °* ."»T chnum of luoiu.nt for f»n>o tlnio to mine. Many commlwlon homo, are predicting n ronttnunuoe of r«l- u f“ “ n tnrir prosont IpvpIm for the balance . f, ,llr ' , nl " 1 ,h *-T “ re uutlrlpaling a rery dull Miring trade, lliiyera generally arc more willing to concede the strength In Edited by Joseph B. Lively MARKETS Mr. Llvely'a twenty-tire years' experience of ©ti lting markets In Atlanta and the South has made 1dm a recognized au thority in his specialty. RANGE OF NEW .YORK STOCKS AND COTTON MARKETS tint© Inst year.,.. 209,384 Decrease Estimated receipts tomorrow: 1904. 1905. New Orleans 9,000 to 11,000 4.161 Galveston 30.000 to 32.000 25.542 Houston 35,500 to 26,500 28,073 SPOT COTTON MARKET. Liverpool, spot cotton quiet and steady; idddllmr upturn]*. 6.47d; Mules 6,000; Ameri. speculation and export 600; " * * . York, quiet nt 1.60c. Sew. Orients, ■ eie*y at 9316c; sales 1,525; delivered on contract 100, S-ivummh, quiet nt 9c. Augur in. steady ct 9\ic. ht. i.ou;*. quiet at i*%i*. Chnrlc*t<m. quiet nt 9<k Mobile, steady nt 944©. Norfolk, steady at 9' Memphis, steady at : TODAY'S PORT RECEIPTS. The following table shows receipts at the Toffs today, compared with tho same day last year: may lines, but they give no sign «? any desire to pay present prices save fo ** gojjds they require for Immediate use. New Orleans. Hept. 24.-Liverpool 5 to 6 down furnishes a surprise and looks as though sentiment had lH*coine pronouncedly bearish again. Unchanged to 1 up was due. M?rm warning. nr. dl.plnjwl uu tlio southern Horldu peninsula. Of>ening loss has been Increased through considerable selling pressure. Very little “•|jMH>rt Is In evidence nt the moment. Liverpool cables: ••Decline caused by Southern selling." Today's map is generally cloudy with ex tremely light and scattered showers, espe cially In Texas. The map, however, cannot he railed altogether unfavorable, a* the rainfall Is Inconsiderable. Cool weather pre- vails. 0«‘ r traveling representative wires from Ilobnrt, Okla.: "Crop Oklahoma to Chicka saw to here Is liest ever produced In this section. If weather fa such that it cun be gathered. Drove over confddcrable terri tory; know that big crop Is already made." The market does not show much disposi tion to Improve, speculation Mug too small to sustain s|>ot hedges. The western forecast Indicates rain to night and tomorrow for Louisiana and east •i» Texas; fair weather for the balance. Htorm warnings are displayed on the southern hlorida peninsula. The eastern forecast ludlcntcs fair weath er tonight and Tuesday for the Carolinas, with |H>ssllde showers toinororw In por tions of Houth Carolina. For the balance rains both tonight and tomorrow, with high easterly winds on eastern coast of Florida. Private Wire to Ware * Lelnnd. New York, Hept. 24.—Liverpool futures opened quiet, 3 down. At 12:16 p. m., 6 to 6 down and easy. Hales 6.000 spots, 6 down, at 6.47d. Futures due about unchanged. Liverpool cables: "Rather more actual and continental selling. Hpot demand de cidedly smaller." The New York cotton market opened weak and about ns expected on Liverpool cables. NAME OF STOCK. Amalgamated Copper.. Atlantic Coast Line. .. American Sugar Ref. „ Anaconda American Locomotive.. . do, preferred. . . . Amer. Smelting Bef. . .. no. preferred. . . , Atchison . . . . *1®. preferred. . . . American Cotton OIL . Amer. Car Fouudry. .. Baltimore A Ohio. . .. Brooklyn Rapid Tran.. Canadian Pacific. . . . Chic. Sc Northwestern.. Chesapeake A Ohio. . . Colorado Fuel Sc Iron.. Central Leather * do, preferred. . . . Chic. Sc Great West’n. Chic., Mil. Sc St. P. . . Delaware / '* * Distiller's t Illinois Central. *.*.*! Amer. ice Securities. .. Louisville Sc Nashville.. NAME OF STOCK. .V \ „ «>ut. »v Western. National Lead Northern Pacific. . . . New York Central. . . Norfolk Sc Western. . . Peuusylvaula People's Gas . . < Pressed Steel Car. . . do. preforred. . • . . Pacific Mall Rending . Jtepublf! Southern Pacific, . . Southern Railway. . no. preferred. . . Sloss-Shcfflcld. . . . Tenn. Coal Sc Iron. . Texas Sc Pacific. . . . Union Pacific United States Steel, do. preferred. . . Va.-Cur. Chemical. . do. preferred. . . Western Union. . . . Wabash do. preferred. . . Wisconsin Central. . do. preferred. . . gtt iw sales today 1.175,900 share NEW YORK. The following Is the range In cotton fu- tnres In New York today; heavy. will work lower. Would .. . Jtk sell on rallies. • Mitchell and Ilentz good sellers of De cember and January. Howard Wilson and Jy. . .... Liverpool cobles: "Market declIncK be cause buying was not sufficient to absorb selling against spots. It feci* effect of too much actual ©ottou offered and continental long* celling." Exporter* *ny that about 1,200 notices were Issued this morning nnd probably stop ped. Sulphur Spring* wires: "A prominent gif man cast or town nay* his total ginning last year was 371 bsles, nnd states lie will glr more than that this week." w Orleans. Iveston. . . Mobile uunb. . . leaton. . , Wilmington. . Norfolk. . . . boston l'lulndelphln. . ’ 69*4 1559S 118* 11821 4427 19707 4<MH 11564' INTERIOR MOVEMENT. The following tnbt© shows receipts nt ths Interior town* today, compared with the ' day last year: Houston, Augusta. . Memphis. WEATHER IN COTTON.BELT. Toxns-Hnn Antonio clondy and pleasant; rained Saturday ami Sunday nights. Ilona- Imi cloudy anil cool; mined hard for two b'"trs last night. Dnllha partly cloudy nnd Hensnnt. Tyler cloudy nnd warm. Bel ton cloudy; rained this morning. Tam- I'lc sprinkling. Sherman cloudy and pleas- Mfssisslppf—Meridian clondy and cool. Jn.-Unn and Yaaoo City partly cloudy and pleasant. Alabama-Mobile, Selma dear and warm. Gpcllka partly cloudy; bard rain yester- tfaj. Troy dear nnd cool. Georgia—Columbus ©fear nnd hot. Atlan ta partly cloudy and cool. , Lmlslnna—New Orleans dear nnd pleas- tot. WEATHER 1N~WHEAT BELT. Extreme Northwest—Generally cloudy; 64 w to above. ^Northwest-Generally clondy; 64 to 64 'Vest and Southwest—Clear: 64 to 70 »•"»**: general rains In Illinois; local rain* In Missouri. Ohio Valley— Cloudy; 60 to 72 above; lo- WEATHER FORECAST. IcnhanA. West Florida and Mlaalsalnpl- Rn, n Monday nnd probably Tuesday; frrsh *wGw**f winds, Ittcrenslug Monday after B'H.h nr night. . Idn-Bhower* Monday and Ynes- J2S, fsvdHHF* ' hnn, " r " ,ow *” , Arkansas -Fair Monday; Tuesday Increas- ,n f (-loudlnets. PRICES BETTER IN NAVAL STORES Savannah, Gn., Sept. 24.—Spirits turpen tine opened the week steady nt 60tf?6144c nnd dosed firm nt 6144c. The closing price really represented gain, ns small snle* had been made nt 0044c on the eloslug day of the pre vious week. The climb was really from 6044c to 6144©. Tuesday the price readied 61c, around which figure It hung until the dose on Thursday, which was 44c higher. At the dose of the market today price* were firm at 61«4c, but In the late trading hour a weakness was evident. 8nlea were mode itoth nt 61c nnd 6144c. while some fac tor* declined the lower price nnd some re ceived no bid*. Price* will hardly go l»e- low 61c for the present week, nnd muy go on considerably higher. Value* are lower than the aame time last year by over 2 cent*. Tho rosin market dosed the week with changes In some grade* from the opening, the pale* being generally higher nnd the medium* fllghtly lower. The offering* dur ing the week were divided among a number of buyer*. The exporter* known ns the "combine" were hammering tho market early In the week, but later Independent buyers blocked this program nnd bid higher. The receipts continue slightly under Inst year. The statistlenI position of spirit* Is good for a farther rise, hat ta the present Sept. . , Dec. . . Jnn. . . Feb. . . March. . «y-. Closed steady. S.Tl 1! m *.70-71 8.86-87 9.04-06 9.12-13 9.19-21 in 9 5.r n 8^76 8.79-80 8.95-97 9.13-14 9.22-23 9.29-31 9.38-39 9.50-61 LIVERPOOL. The following figures give tht range and cloae. compared with yesterday’s opening close. Futures opened quiet and steady. Opening. _ Previous September. . , . Hept.-Oct Oct.-Nov. , , , Sor. -Dec. , , , Dee.-Jan. . , Jail.-Feb . , , Feb.-March.., . March April. . . April-May. . . May-June Closed steady. Range. Close. Close. . .6.12 -6.11 5.13 6.18 , .6.0344-6 01 5.02 ..4.99 -4.97 4.98 ...4.9S -4.8T, 4.97 .4.99 -4.9644 4.98 5.0644 . .5.05 -5.024* , .5.05 -5.0344 ...5.07 -6.05 5.02 5.03 5.06 NEW ORLEANS. tures In New Orleans today: Sept. . . Get. . . , So\\ . , , Dec. . . . Jnn. . . . Feb. . . . March. . May., , , Closed Mr* 9.01 02 l.ofoi 9.07-08 9.17-18 9.23-25 9.31-32 9.45-46 9.25 9.11-12 9.14-16 9.16 17 9.26 27 9.3032 9.40-41 9.55 56 NOTES ON GRAIN Pointers on Provisions. Private Wire to Ware A Inland The crowd was Inclined to buy wheat nt the opening. Look* as If plenty of wheat is for sale nt 75c nnd above. Oats steady, with a little easier feeling on1 Increased receipts and fine weather. Market firmer 011 buying by Northern Grain Company. »t°cks of wheat decreased 150.000 for two day*. On hogs closing strong, provisions have firm undertone. Packer* sustaining the market. January product firm on moderate inrei n *’ tnide B 00 * tor m«Hs «nd Chicago Inter Ocean wheat In Chlcngc ' els; corn 160,OoO bushels, nnd «*nt* 110,000 lmshcl*. At, tbe seaboard, export sale* were 88,000 bushel* of wheat, 24,000 bush el* of corn nnd 180.000 bushel* of oat*. Cancellntlou of receipt* made Friday- for 20.000 biinhet* of #ew No. 3 durum wheat, 142.000 No. 2 corn nnd 175,000 standard oat*. Withdrawal* of contract wheat from pub lic elevator* for the qrek were 206,000 bush el*, Including 86,000 No. 2 red nnd 10,000 No. l northern. Of corn, there were only 10.000 bushels and of standard oats 207,- 000 bushels. Unlicensed elevator* turned out 218.000 contract wheat, all winter except 10,000 No 1 northern. Cor» wo* handled 111 lanrr ume by the private elevators, 1,160,OoO WHEAT OPENED FIRM JIB HIGHER Small Northwestern Rq. ceipts and Firm Cables Main Bullish Factors. Sent. 24.- ia Sc high© lie fact that the bull move- WEEKLV COT-fON-CROP-REPORT: New Orleans, Sept.. 24.—Reports from »ur correspondent* Indicate rather mixed ■ondltlon* over the cotton l»elt. General Improvement U noted lu Texas and In the southern counties, gin*, compresses and ‘r utmost tc r . .. _ - facilities ..... available, the movement from thl* section would be larger. On the other hand, gin ning I* Just commencing In some of the northern counties, and the crop there seems to he about a month late. pi. “ complaints eoni/ng from comparatively . daces. Cotton Is opening fast, and la he- ing rapidly picked, which Is resulting lu x fair movement. In Alabama. It .. ... still show* deterioration, and rains have Interfered with picking and moving of the ron In some sections. Tho crop Is late, „nd farmers arc holding to a great extent, but the movement shows signs of lucrens- ?he Georgia crop I* also beginning to move more freely, although It Is undoubt edly late. Farmers are marketing slowly. It would see in from our reports that tho farmers In Texas nnd In Mississippi are not Inclined to hold, whereas Just the op posite may be said of the eastern belt. Kverything points to a grently Increased movement In the near future. The light morement fhu* far this season seems to be due to the lateness of the crop and the disposition of farmer* to hold In the cotton region east of the Mississippi more than to anything elae.—Ware A Lelnnd. GIBERT & CLAY'S DAILY COTTON LETTER New Orleans, Hept. 24.-!n Liverpool the liquidation of the Con tinea ta I long In terest nnd freer offerings of spot cotton welched heavily upon options, the closing level* of which were 4 points lower than those of Hntnnlay. Hales of spots amount ed to 6,000 I Miles, quotation* losing 8 point*. The apparent easiness of the spot markets. Itotli In America nnd F.ngland, was. In the main, responsible for the Ion* In value* .f contracts. Locally, the demand for rot- ton Jjis waned considerably and faftorn. It Is said, are finding some little difficulty In selling nt boon! prices. However, It uiny Ih» that spinners having lieeome Imlnied with large crop Idea*, are awaiting a more favorable opportunity to enter the market ns It is too early yet to reasonably expect the decreased demand to ho more than a momentary factor. Apart tmm the prI- n,nrv tnllnenee of actual cotton speculation at this time I* too light In proportion to GIBERT & CLAY <* t ALABAMA AT. STOCK!. »ONO», COTTON. OAAIN. corrcc. paoviaiona ATLANTA. OA 1>« 8SKS B0.r,l Of Tra.b liiaUMton Cotton Eich»n*A Prlvnt* Wlrra to nil BKtantM. ciGAN. Mnnannf. ^•mI and Lonn Olitans. T.I.phon. 529S. W. • ~ ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main 858. ATLANTA. GEORGIA. time oy inr private elevators, 1,160,000 con tract belug withdrawn, also 983,000 of othor grades, showing that the corn merely pass ed through the house*. Withdrawals of oats were 227,000 bushels standard and 281,000 of other grades. Leaf lard ha* advanced %c per pound In the pn*t two day*. Parkers and tho lard trade are In a quandary, as to whnt to do with lard. The advance in leaf lard Is taken as an Indication of preparations for the manufacture of pure lard under the requirements of the new national pure food which becomes effective Octoi/er J. A corn cron of 3.011,OOOJWO bushels Is es timated by Jones and Inglls. They Inti- Hinted several weeks ago that tho crop would be over 3,000,000.000 bushels. J’he stand throughout the entire country Is a marked feature. No previous year has equaled It, the stalks l*elng exeeiitlonully Inrge mid well eared, and ear* filled out to the end. These conditions, they say, make a bumper corn crop. Reports make this n significant feature of the Increase In dairying, especially In the surplus corn stntea, nnd this requires more land for urcs would also show similar deductions. M’CULLOUQH BROS.' FRUIT AND PRODUCE LETTER Uhlcago, flit., _ showed wheat na demonstrating the nief.t In wheat Is still on. Corn closed %e off to 44®‘4c up. The September was under more or less pres sure during the day. Oats %c off to 44© up. Provisions 244<92244c higher. Cash snle* here were 60.000 bushels of wheat; 60,000 bushels corn nnd 175,000 bush els oats. At the senlKMird, eight load* of wheat, two loads ot corn and 280,000 bushels of vol- 1.975,000 and 504,000 bushels, respectively, els of wheat; 125.000 bushel* corn and 332,000 bushels ttf oats. CHICAGO GRAIN MARKET. Chicago fratn ante provision quotations for today follow: WHEAT— Kv.v m May 79 CORN- Hept.... 47 fc St OATH— Hept 33% 33' Dec T.% 31 ay 347* 33’ PORK — Hept... 16.90 16.95 Jnn... 13.3744 13.40 ATLANTA MARKETS. Produce Fxehsnge. Lemon*. $7.7*88.00. Lime*. 60875c. PiUeapples, S1.6O0&66. -ull*. per CALIFORNIA pftUlT—Fancy stock: Rlnerta peaches, per bog, $1.50. Mountain Harriett penrs. per box, 83.25. Gross plums, per crate, 82. Columbiau prunes, per crate, $2. Ro*e Peru grapes, per crate, |2.W. Blue Mnlvolse grnnes, per crate, $2.50. toconnuts. per sack. $3,75. era, 1602244c. cks, Rggs, per doz'en. *28c. wind, 2002244c; cook- new, 80lOc pound; In one-pound 47-> 46*4 43% 42H 43% 4344 4614 42% ii4a 33U m ... 8.90 Jnn.... 7.85 R1DE8- Bept.. 9.15 8.96 8.95 7.9744 M •line. Indication* i' nnrket will fully n vent her condition* Quite a warclty Atlnnln. 0«„ Kept. H.-Both lire end dr-nerd poultry ererrr nnd nrtlrt; nt n eetln- factory rung© of values—In fact, good* in this line, especially dressed stuff, hare not h>M» In sufficient^supply to^meet require jog to the Urn- suffering a sharp de- re, however, that the cover Just as soon vlll permit. .. -jf the lH**t grades of table bntter prevail* with price* showing a strong upward tendency, and the conditions warrant a prediction that very much higher price* will be in evidence in the near fu tore. . , _ California fruit receipt* are normal. Home shipments arriving in bad order, serving to cause a slight downward tendency. The I test goods are being preferred at prices sat isfactory to all parties. For ten days receipt* of basket grapes from Ohio nnd Michigan point* have been very liberal, with price* sufficiently low to authorize a general and liberal consumption. New York state grains of the famous Lake Kltiku brand are now In transit for this market, and nr© lwlng eagerly sought after at advanced prices. The heavy receipt* of apples have served for n week or ten day* to cause n slight falling off In price* for all grade* and va rieties. Reliable Information from the prin cipal apple growing sections I* to the effect that the crop for the present season has never been ©qualetl l/oth a» to yield and ^Lemons continue high with an active de mand prevailing. ... No change of note In the banana situa tion, demand nml consumption belug on u par with receipts nt moderate price*. , Pineapples very scarce and high. Some Inquiry being made for oranges, owever. Florida stock Is not sufficiently ell colored to appeal to the boyera from meritorious standpoint. Irish potnt.H-s of quality meeting ready sale nt good prices. The market more or less weak on onion*, due to heavy receipt*. Cabbage selling fairly well with but little. If any, change «* to price. THE COTTON 8EEO OIL MARKET. bccemiM*r ; January. March. May Hale*, lOO September nt ff| sustain the undoing of spot hedge*, and mile** tbe storm now predicted for the South Atlantic and gulf district* should create some damage to the cotton In the field*, the rallying power of the market would doubtless In-come even less fclgulfl- inut than at present. 7.1# $.9244 8.90 7.8244 9.10 8.55 7.1244 8.5744 7.07-/X No. 2 red 7444^444: No. 3 do No. 2 hard winter 73077; No. 3 do , SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOWS—BONDS GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON. STOCKS, GRAIN Correspondent's Capital $250,000 REFCaeNCC. THE NEAL BANK PHONE 1-ilT. PBLIOEHTIAI. BLDG Butter, table, liijt. per pound, l: ruck*!' VKGKTAULRR—Irish potato©*, No. l ■took, per bushel, $1.06, Cabbage (Virginia), 144c pound; Dnulsh, . Lima bean* per pound, 6c; Navy, $2.10 per bushel. Onions, per lmshcl, $1.25; cabbage, ?tyc lb. New sweet potutoes, 60c bushel. Kraut, 44-barrel, $3.75. FLOUR, GRAIN. PROVISIONS. FLOUR—Postel’s patent, $6.00; Diamond patent, $5.25; Mnscoutnh Star, S4.70; fancy Patent, $4.50; Itcd Engle. $4.16; Blue Rlhnou, $3.90- fancy, S3.W; spring wheat patent, $5.0? 06.60. CORN—Choice red cob, 72c; No. 2 white, 70c; No. 2 yellow, 69c; mixed, 68c. OATH—('hole© .white cllpa>cd, 48c; choice white, 67c; choice mixed, 45c; Texaa rust proof, 60c. MEAL—Plain water-ground, per bushel 67c; bolted, ltO-pound Jute* per bushel, 03c; Hhorts. white, $l.‘50: medium. $1.40; brown, $1.30; pure bran, $1.10; mixed bran, $1.05. IIAi—Timothy, choice large bales, $1.15; do., ©hole© small bates, 01.10; do.. No. 1 timothy boles, $1.06; No. 2, $1.00; do.. No. 1, rlocvr mixed- $1.00; do., No. 2 mover mixed, $1.00. I’LOVKIl—Choice Bermuda, 76e. RYE—Georgia, $1.10; Tennessee* 90c. Bnr- ley. 95c. The nbovo price* are f. o. b. Atlanta, and subject to Immediate acceptance. . .. GROCERIES. HtJGAR—Standard granulated, $5.20. New York refined, 4V4c; plantations, 6c. Market very strong. L UOFFEE—Roasted Arbnckle'a $18.60. bulk, In bag* m barrels, 18c; green, 100 TIPS FLASHED From Wall Street Private Wire to Ware A Lelnnd. New »»lk, Hept. 24.—Home support ate nearing after early dips. Houtheru Pacific Is the bullish feature. The niArket gener ally doe* not net very good. Look for irregular stock market over first of the month. Would buy Louisville and Nashville on every set-lwiek. New York Financial Bureau: Recom mendation la made that purchases be made on tractions, except lu spcclaitiea, because of the fact that certain Indications poln' to irregularity the forepart of the Wi * at least, but with no serious decline. ... though sentiment may become somewhat unsettled as the first of the month, which muy bring money flurries, shall approach, development* over Huudny are uot condo rive to chniige In the vital factors gov ©ruing prices, and we see no reason for abandoning the policy of conservatism which has stood lu good stead those wbc have employed It In the last ten day*. Flunuclal ores* commeut. n* we Interpret it. I* bullish, but more for th© long pull »hnu otherwise, ns cautionary advice Is given regarding money, even though the ounk statement show* a surplus greater than that tit this time of tii© year for 1996. We expect to see more gold received from abroad, nnd then treasury relief will simply have to l»e extended If uecessnry tu prevent stringency. Thl* market seems ti ns temporarily in the hands of the pro- fesfllounls. hut i« In such a position that It may. at any time, In* taken from their hands, as the large Interest* absolutel** ontrol It a* yet. We would give tech dque nnd the Individual r -Tj|| -j™ esr attention. I>ellevlutf better than ever, doubtless duo to the enor mous crop* here, to any nothing of the big Increase In railroad earnings from month to month, especially July's crease, ns shown by The Chronicle. Private Wire to Gibert A- Clay. New York, Hept. 24.—'Today'* market may reflect some heaviness during the early trading, but something will depend on money rates on tin* one hand nnd tne action of lending stock ns being Indicative of sup port or otherwine to the mnrkvL Think the market will Improve after Tues day. We look for Irregularity thla week with possibly lower prices. Dow-Jones & Co.'* summary: Moat stock* are In the trading limits. Amalgamated Coptwr seems to us to he helrf Itetween 115 nnd 132. at which lari ter point support appears. Union Pacific- meets support toward 185. and we would buy It around there with s small stop. Reading seems to he sold by profession Arm spots, but covering following vulnerable to attack. Ht. Paul Is now held between 178 nnd 180. with profesMlonnls selling p.n rallies for turns. Central's technique Is not good, and there Is o rumor of nn attack on It, n* stated Hatmday. Pennsylvania appears to us to maintain Its support around 141. Observe ‘these llmts with amnll stopa Inst below or above, ns safeguards, la our plan, which Is a safe one. Southern Pacific displays a strong up ward tendency still, but has had n natural recession, and ought to do better, al though we do not. from siieclalists, find ny big stir Smelting L slonnls. but l | < tween 164 nml 157, nnd _ _ _ erned accordingly. Most of the other stocks swing with the nnrket, cl a I tie*. Spot* here are said to be easier and more difficult to *©|1. The demand ha* waned considerably under freer offerings. THE COFFEE MARKET. March April . May June July August Heptoinltor. . . October November. .. . December Closed steady. Opening Range. , ..645-1.50 . .4.504.*) .. .6.65 . ..4.65-6.75 ....6.75 , ,.6.75-6.85 Close. 6.35-6.40 6.40-6.45 6.50-6.65 6.55-6.60 €.65-6.70 6.70-6.75 0.75-6.80 6.80-C.85 6.10-6.15 41.19-115 6.20-03 6.J0-C.35 Manipulative Interest Did Muck to Force Prices to Lower Levels. MANY STOCKS BOUGHT Rallies Forced by This Buy ing Quickly Lost on Outside Selling. New York, 8cpt. 24.—The decline at Sat urday'* close In face of the reported large •increase in surplus bank reserves was a clear enough Intimation to experienced aye* of whnt would linppeu this morning. A market which goes down on the good newg can usually Im> regarded ns a market lu which more or Ihnh urgent liquidation If In progress, nnd this was the view held generally In the early dealing* thla morn lug. The professional tramu which furnished the bulk of took their stand mi the side of the declin ing prices, and It was their operatfcma on the abort side which were felt, aa much a* anything during the foreuoon. Call money opened the week ilt snbsfnnthittjr the same average nt which U ruled In tho closing days of Inst Week, the loans being arranged, a* a rule, at 644 J«r «*•«*. €*«» under. There was no easing to sjieak of. however, In the market for time loans, and this Is an Indication of the situation, and was accented a* the more important. The volume pr selling diminished percepti bly nt the lower figure'of the mormng, and by inlddny a recovery was In progress. decline*, but rallies forced by thla baying arc quickly lost lu turn by selllag ffoa* ont- slde sources, and tho .movement waa Irregu lar nnd the tone unsettled. . Rending was tho market lender. • Governments unchanged. Other bonds are quiet. THE LONDON STOOK MARKET. STOCKfl— Anaconda. .. .. .. .. Atchison (*n nnd la n Pacific Uhl©., MU. and Ht. Taul.. Erie Illinois Central. . . . I*Mil*vllle and Nashville Rending.. .. Pennsylvania Honthem Pacific... . . . Union Pacific Ulilted mates Steel 45 do. preferred.. .. 110844 STOCKS AND BONDS. Bid. A«1 .. ..10( .IB OrornU «M*L WB-1-.v 0«or*l». U. R. J*. UlO.. .. Savannah 6s. 1900 Macons fie, 1910. Atlanta, 6e. 191L. Atlanta, 4V4*, 1922 Atlanta 4*,1»4.. ...... Atlanta and Weat Point. .. .-~ Atlanta nnd West Point Debt*..l(ff Central Railway of Georgia lat do. Income do. 2d Income..... do. 3d Income Augusta and 'Savonmih 115 “outhweatern .118 eorgla Pacific lata 120 \ and A. lata 1U THE GUGAR MARKET. 18 Cm C. Raw market ia unr hanged. London lieeta weak; September 9a 9d; October 9s 684d. RICE—Carolina according ta t.IIEESE—Fancy full cream dairy, 15c; ■* ng. hams, 15c. twins, 14%e Ho.viffn -.-•y ft Market strong. . TONS—Supreme hems, 15c. Port hnnia, 1544©. California ham*. $900; Red Cro*» ha ins, 15c. Dry salt extra ribs, $9.15; belilea, 20-6 lbs., $10.50; fat barks, 8c; plates Se; Supreme Inril. *10.*“*'- ** * *•* Hnow 1 WM. L. PEEL. President TUOMAS J. PEEPLES, Cashier. ROBERT F. MADDOX, Vice Prealdaat JAMES G. IXSTER. Asslstnut 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. LIVERPOOL GRAIN MARKET. Wheat—Opened unelmngcd; nt 1:30 p. 44© higher; closed %€&c higher, for/I—opened unchanged; at 1:90 p. m., unchanged to THE PRIMARY MOVEMENT. The following figure* give tbe prlmnry fluent of wheat nnd beat gainst .iients today 000 bushels Inst ye Corn—Recelids today 73O.0O0 bushels, nngliist 694,W»0 bushels Inst year; shipments ] nun lust 504,000 bushels, ng ilnst 581,00) hush- el* last year. NORTHWEST CARS. last week and Inst year: Last last Today. Week. Year. Safe Deposit Boxes For rent in our oaulls in ibe basement of the Empire pudding 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. COTTON^Gl&ift, ^ROTISKJNS.HtOCKsPbONDS, ht. 2 Wall St., f«f«rs Building, Atltnti, 6a. few fork Cattaa Inliijf. lew Orient Cattaa bdui|t. Iftergtol Cattaa Auadallaa. Chleata Baaed at Xrada. CkUaoa Stack fatkanft. Bam Yath Cattaa tukaaya. Standard fkaaa 2BA rtgsnar 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. 3i % Compound Interest la thg rate your money will draw if deposited in the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to eall and inspect our quarter, and Inveatigata our facilltiea to <erve you. A hearty welcome await, you at thla bank. A8A G. CANDLER, Prealdent. W. H. r-.VTTERSON, Viot-Prea. A. P. COLES. Cashier. JOHN S. OWEN8, Vice-Prea. WM. D. OWENS, Aut. Caahiar. Prank llawklna, Prnlil-nt Third National Bank Capital .... $200,000.00. Surplus .... $300,000.00. DIRECTORS: i. H. Nniaatw. Frank Hawkins. J Carroll Payne. II. M. Atklnwm. Joseph A. McCord.