Newspaper Page Text
THE ATLANTA GEORGIAN.
WEDNESDAY, 8RPTEMBER 26. ISOS.
II
TROPICAL STORM
STILLJ FACTO
Predieted It Will Extend
Over Central Cotton
Belt Today.
FOLLOWED BY COLD
Claimed by the Bears That
It Will Not Materially
Damage Cotton.
New York, Sept. 26.—Influenced by
stronger cable* and an unfavorable
weather map, the local cotton market
opened flmn at an advance of 3 to 9
points. A number of large lots changed
hands with lower Wall street credited
as a seller of January. Shorts bought
a lot of cotton on the call, and after
It the South purchased on the bad
weather.
The New York market for options open
ed 2QD points higher this morning on -
Letter set of cable* thnn expected and „
continuation of the unfavorable weather
reported over the cottou belt.
General mlna and roo! to cold weather
prevails generally, caused by the tropical
storm now In the gulf. Texas. Arkansas and
Louisiana reporting the heaviest rainfall.
Following are the active months lu Liver
pool today:
M Open. Illgb. Low.
OctolH»r-Noveml»er. . . .4.91 6.02 4.99
Jnnunry-Fcbrunry 6.01 6.03 6.01
Marcli-Aprit 106 6.07 5.06
May-.1 u a*.. w Vi L . i ;6..506^ ni 6.06*6
easin'
Ing and aoiue —
slide for a slight further Improvement
Immediately after the owning, after which
the market became dull within a narrow
range, with a loss of some 263 points
from the highest recorded during the
morning session.
Comparative receipts at all United States
Decrease
Total receipts for four days..
Same days last year
.. 2.061
...191,477
...218,176
Decrease 96.696
Total receipts since September 1....587,180
Same time last year 794.479
Decrease
Semi-weekly Interior Movement—
1906.
Receipts 84,670
Shipments.. 70.393
1906.
1906.
107.667
78.364
116,910
1906.
New Orleans.
Galveston. .. . ... .. ____ _
Houston 19,000 to 14.000 10.1 „
The close was steady In tone net 509
joints higher, as compared with yesterday 1 *
SPOT con ON MARKET.
Liverpool, spot
middling uplands,
cats 4.4M: specula
cotton quiet and steady;
6.66d; sales 6,000; Amerl-
speculation and export 600; re*
lanta, quiet at 9 3-16c.
R ow York, quiet at f.60c.
ew Orleans, steady at 93-
Augnsta. quiet at 9 6-16e.
Savannah, steady at 9116c.
Mobile, steady at I
Baltimore, nominal m v,
Norfolk, steady at 9He.
Wilmington, steady at 9c
Charleston, quiet at 9c.
Memphis, steady at 9*e.
TODAY’S PORT RECEIPTS.
The following table shows receipts at the
porta today, compared wUb the same day
last year; \
interior Movement.
Th« following utM. abow, rcclpt* at th.
not
U06 rlr
Houston
Augusts {
Memphis
St. I .out a
Cincinnati
943
111
lTfl
11796
•BS
# gl2
ot
lot
th
op
tm
Tntnl
17141
16836
POLITICS AND MONEY
FACTORS DISCOUNTED
Now York. B.pt. J*.—Report. r«-
celvod by u. from unqucatloned aourcea
at thin writing Indicate that the beat
kind of buying halt appeared and a
recovery la expected aoon. Whether
or not It will be permanent remain, to
he Keen. We do net believe It will an
yet, owing to the factors ruling, but
It Is beyond a doubt that the political
end money factors of the Immediate
future have been largely dlacounted
by the break.
THE DRY GOODS MARKET.
New York, Sept. M.—The dry good, mar'
»« generally quiet today. Cotton
n-ere Irregular and In Halit demand
eontmeta. The principal eaport
^ to V -
Et
*»•« points. Some leading jobbers are In
tn>* market replenishing stocks already de-
THE CUQAR MARKET.
NEWS AND GOSSIP
Of the Fleecy Staple
Private Wire to albert ft play.
da> Priit\o rk ’a ‘ft 1 "' !».-September notice
ony t today, September IS.
fifth V. ro *i ■■‘Hina Oetolier.
ten- »plforlnff Septemlier at ».Mc.
I'M. S.at for 10,000 tX'tolier. Car-
penter, naggou ft Co. large aellera.
_ * he 'tuuriial of Commerre oay«: "The
preaeHee of tho repre«eutotlvea of a few
Loam ff l" 1 In the market gnve
•“etuea an air of netlvlty Hint *«.
“?« .general, trailing, aa a rule, for tbt
net able. A steady vol
Edited by
Joseph B. Lively
MARKETS
Mr. Llvety'a twenty-five
year,' experlrtca of ed
iting market. In Atlanta
end Ibe South ban made
him a recognized qtl-
thorlty In his tpeelalty.
TIPS FLASHED
From Wall Street.
RANGE OF NEW YORK STOCKS -AND COTTON MARKETS
"• T “wng on the qu!
uim* of TmirIuors is
, nn ^ wllfnot yet’change Their
2.7* of rnk * n k only enough to supply lui-
Hri 11 r° J Vnn,B '. Therp 18 Ic»» benrd lu the
uu rket concerning the probability of lower
Mm. 8 * «!. I hp !\ ,ru ° r J h * y ear > «nd ninny
tulngti she evidence that buyers recognise
1907 ..' vp * , so,t * conditions of mills until
.^i.? p,ean !l. 8 *P t - 26-The unfavorable
and still unsettled condition of the weath
er Is causing further short covering. Mar-
Kct a undertone Is much Improved In con-
featSd ,Ce ’ nD ‘ l D ° to *• manl-
Fast ness at the moment Is due to heavy
•elllng l»y New York crowd.
Liverpool 202* up la n good market,
due Iff* points down.
Liverpool enhlcK us: "Speculators
prluetaal buyers »1 deliveries lor
months and selling deliveries for
months.
Today's map* shows further general mid
heuvy rains over the belt, except In cen
tral and western portIoiin of Texas. Wrath
er conditions nre rery cloudy. The In
fluence of had weather with an unexpected
Improvement In Liverpool will probably Im
part to the market a more decided upward
tendency.
The eastern forecast Indicates rains gen
erally for the district, both tonight and
Thursday.
The western forecast Indicates for south
ern Texas fair weather, with brisk winds
on the coast. For northern Texas, rains
and cooler weather. For Louisiana and
Arkansas, rain and high winds on I
of the former. Oklahoma and Ipdli
‘ “ ' ‘ ton If
ng on, hut Ituycrs
the Texas coast will not suffer.
Private Wire to Ware & Leland.
New York. Sept. 26.—Llverpoo
iciied .quiet anil iinelinnged on
up on late. At 12:16 p.
we are very liearlnh nnd loot ...
trices, we think It Is hut conservative
:nke profit when obtainable nnd red
lines over the critical period.”
New Orleans. Sept. 26.—»w York
hammering this market.
The tropical storm has caused the bear;
rains In New Orleans, and It looks as L
It was now heading directly for the center
of the cotton belt.
at
s!i NEW YORK.
sin The following Is the range In cotton fu
tures In New York today;
»w
at
i
§'
a
1
SI
i
tl
Sept
on (HA
id Nov
up Dec
nt Jan
Feb
le March. . . .
or May
6.M
8.14
8.66
9.16
9.25
9.32
Ml
9.62
8.86
8.89
Mi
9.18
9.27
9.32
9.42
9.63
8.79
i-g
9.13
9.21
9.32
8.86
8.88
wM
9.14
9.24
9.82
9.8
9.a
6.84-88
8.87-88
9.03-04
9.14-15
9.23-24
9.30-32
9.38 39
9.48-49
TtTR
8.78-79
8.92-91’
9.09-10
9.17-18
9.24-26
9.32-33
9.43-44
™ CIobwI ateady.
■■ ' —3
WARE A LELAND'S
DAILY COTTON LETTER,
New Orleans, Sept 26.—Bad weather
lad little effect on prices today. The trop-
cal storm that has !»een careening around
n the gulf finally decided to make sti *
for the heart of the cotton belt via ... —
Orleans, hut the trade viewed this with
apathy. Considerable rain and probable
damage to open cotton was reported over
the belt, hut this stirred up very little
bullish enthusiasm. A cold ware waa clear
ly defined In the northwest, and waa at
ent at last esme to the conclusion that
the so-called "chronic bolls" were short
of the market, nnd were refusing to take
loasea on their shorts. Liverpool was bet
ter than expected, owing to bidding by
cal operators, according to private enl...
grams, and this, together with the bad
weather, caused n slightly higher opening,
but after the Initial ffhrry prices showed
•ciaeaiy lower. At no time
tet have a good undertone,
due tutor* or les* to Hhe fact
demand waa decidedly less
did the market have
and this was
that the spot .
urgent than It has been, and some fae
doubtful If this will stimulate spot hay
ing. Buyers, ns n whole, have made np
thHr minds that prices are too high by,
their waiting Attitude.
GIBERT A CLAY’S DAILY
COTTON LETTER
New Orleans, Kept. 26.—The Improve-
•nt In options was attributed by cables
. speculative buying of near mouths mid
selling of distant positions. (Musing prices
•re 103 points higher than yesterday’r
•rvela. Spot sales continue light, only 5.
000 bales having been sold, but at an nd
storm off the gulf coast and
• exeeemnglv wet nnd unfavorable weath
er over the belt that the man recorded this
morning enused shorts to display consid
erable nervousness, resulting In a further
Improvement from opening prices. The
quietness and easier tone of tlte spot mar
ket. however, lessened to a large degree
what otherwise might have been ealle<
a bullish situation, but lacking fresh nnd
healthful support, prices aoon lost the Ini
tial advance. The policy of conservatism
seems to prevail. Too it
open cotton now
THE COFFEE MARKET.
New York. Kept. 26.—The coffee market
..pened unchanged fo 5 points higher and
held around the Initial figures during the
forenoon. This was disappointing In view
of the bullish news received, and the henvy
selling suggested that some of the big re
cent buvern were using the demand cre-*~*
he bullish news to reduce their lln»-». «
which gradually checked the buying for
outside account, which had seemed to bs en
tering the market at tho open!ng.~Ull>ert Sc
* Following Is the opening rang* and close
the New York coffes market for to-
New York. Kept. 26.—Lorn! refined and
sugar steady and unchanged. London
{“•**!* steady; Kcptemlwr 9s 9%U; October
day:
I ^ebrnary.
March... .
April
May... ..
October...
November..
December.
Closed steady.
Opening
Range.
,.,.6.66-6.70
..6.70-6:80
, ..6.86 _
... .6.90-6.96
.. .7.00
..7.00
. .7.06-7.10
. ..7.10-7.15
, .'.6.464.60
....160465
..6.604.65
Close.
6.664.70
& <04.751
$80-6.85
6.854.90
6.96-7.00
7.00-7.061
7.05-7.10
7.10-7.151
6.404.50
6.404.60
fjp4J6
6.60 6.65
THE METAL MARKET.
X,w York. Sept. 2«.—Tin ateady, with
a alight advance In offering* for npot
■nd nearby deliveries.
Lead and Spelter ateady.
GIBERT & CLAY
r. il% C r H o B s. o^°‘:
COFFEE. PROVISIONS
ATLANTA. OA.
isfSS f-HIfs SBBSB®Sf@Ses
Private Wlrea teall Exchangee,
kaeal and Long Distance Ttlephone 9£98.
Vf. n. FAGAN. Montgan.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA.
NAMB OF STOCK.
Amalgamated copper..
Atlautlc Coast Line. ..
America Sugar ltef. ,.
rtcaa Cotton Oil. .
Amer. Car Foundry. •.
jlaltlmora It Ohio. , ..
Brooklyn Ilaphi Trta..
Cnuadlun l-acISu. . . .
Chic, i Northweiteru..
Cheaapeake ft Ohio. . .
Colorado Fuel ft Iron..
Central leather
-do, preferred. . . .
Chic, ft Great Weat-0
Ch c„ Mil. ft St. K ...... .
IJelateare ft Huii,oa
DlatlHer-a SecnrltlM.
Jo,'preferredI I ! I
OwanlElectrle.
Illinois Cantrsl.
Missouri Pacific.'
Total stock sales today 1,074.500 shares.
NAME OF STOCK.
N. Y., Ont. & Western. . .
National Lead
Northern Pacific
New York Central
Norfolk Si Western
Pennsylvania
People's etas
Pressed Steel Car
do. preferred. ......
Pacific Mall
Reading
Republic Steel. .......
Rock Islaud
do. preferred
United States Rubber. • • .
do. preferred
Southern Pacific.
Southern Hallway. . . . . ,
do, preferred. ......
Kloss-Kheffleld
Tenn. Coal St Iron. . . . • ,
Texas A Pacific ,
Union Pacific
United States Steel
do. preferred
Va.-Car. Chemical.
do. preferred
Western Union
Wabash
do. preferred. ......
.| 54
Private Wire to Glliert Sc Clay. %
New York, Kept. 26.—The Anaconda divi
dend having l»een declared at about the
smallest Increase possible, we may look to
hear of doubt concerning an Increase In the
Amalgamated rate nt their next meeting In
Oetolier. The announcement of the ore deni
la expected In the near future, anil In some
way not yet explained this Is expected to
Invite support to Colorado Fuel and Iron.
Daniel Odell Sc Co.: Political situation
now causing anxiety. The probable nomlna*
tlon of Henrst by the Democrats caused
railway stocks will lie n good purchase for
a turn.
Think Southern Pnclfle beat one on list.
Banks are discriminating against Indus-
fluctuations now. Money really rules. The
bridge from September 28 to October 2 re
mains to l»e crossed, aa stated. Next week
the sky will be clearer nil around. .Further
reactionary operations would not surprise
us today. No serious decline generall:
aeems likely. It la plainly a shake-oul
LITTLE BUSINESS
Traders Only Backing and
Filling—First Selling,
Tlfen Buying.
LIVERPOOL.
range nnd close, compsi
dose.
Futures opened steady.
Jan.-Feb. .
Feb.-Mnreh.
March-April.
Opening. Previous
Range. Close. Close.
.5.17 -5.201* 5.2016 5.17H
.5.06 -5.07 5.07 5.04
.4.99 -5.0114 5.01* 4.W)
..4.97 -5.09 5.00 4.97*
.4.99 4.00* 5 01 4.9S*
.6.01 4.02 6.02 5.00*
6.04* 5.02*
.6.06 -5.06* 5.1)6 V**
.'.lios&t'.w i'.oSI ting
NEW ORLEANS.
NOTES ON GRAIN
Pointers on Provisions.
steady and northwest receipts moderate.
This ought to give ua a fair market. Bull*
Ish sentlmf
pect of big
— —. ‘- -jroremeni in prices.
onts very firm, considering fa
vorable went her, nnd receipts, while very
friendly to bofh, we believe profits should
be taken on quick rallies.
We believe the wheat action of the market
yesterday nnd today Indicates It Is toppy.
New support has not been found to con
tinue the buying around 75<> and speculative
trade has fallen off shandy. This Is tho
wenk feature. Would self wheat and wult
for chance to buy a cent or two lower.
Provisions opened lower with Cudahy sell
..jg November lard; later lioucht Jauuarj
lard nud offerings are less. I,ooks like there
mtjtht be some good local buying of the
Private Wire to Ware Sc Leland.
Chicago,
wheat if
large. Hentlment hardly aa bullish nnd y< -
strength Increasing In other grain helpa
A demand foe December oats by locals.
These coarse grains attracting more atten
tion.
Chicago Inter-Ocean: The extent of crop
deterioration In the northwest nnd the rea
son for the ainnH movement la Itecomlng
apparent. The rains after harvest have
enused more loss In quality than In quun-
My- ^
A message in the Northern Grain Co.,
which startled the onts trade In the last
hour, said: "Line houses report oats In
the three fw>Tthwc*tevi\ stntes badly dam
aged. They estimate that less than 25 per
cent will grade No. 3 white, anil fhnt the
crop of the three northwestern states lias
deteriorated 25 ^»er cent since the gAvern
LITTLE FEATURE
TO WHEAT MARKE
Opened Steady and Un
changed—Commission
Houses Sold.
Chicago, Kept. 20,—Wheat closed *c lower,
corn *©*o up, oats gained *0*c, and
provisions were off 2*©3c.
Cash sales whent 10,000, 25,000 bushels corn
ami 80,000 bushels onts, here, 20 loads wheat,
7 of corn and 100,000 bushels outs ut the
seaboard.
Primary receipts of whent 920.000 bt---.-
and corn 1,041.000 bushels, compared with
1,215.000 and 712.000 respectively a year aa<K*
Clearances for the day: Wheat 1,0»,000
bushels, corn 166,000 .bushels, oats 46,000
bushels. ’L T .
CHICAGO GRAIN MARKET.
jOpcn. High.
72*
Duluth sold 12M.0M bushels of wheat for
export, and Chicago exporters Sold 96.000.
nnrt afloat, and all No. 2 hard. Export sales
In all positions. Chicago nnd all sealmard
rts. were 400,000 bushels wheat and 56,000
ishela corn.
orthweatern messages said the move
they
left
IXy. nnd where caVi have l»eeq
have. In numerous Instances, been
standing on side track*.
September deliveries yesterday were 20,000
bushels of whent, 133,000 bushels of corn,
35.000 bushels of oats, 750 tierces of lard,
60.000 pounds of short ribs.
A Duluth exporter wires: "Whent looks
very healthy Indeed. Buying business In
Manitoba* for export and vary close on
; niliiths today. Continent aeems especially
anxious to buy. We sold sixteen loads for
export today, part Manitoba nud part Du
lath.
WEATHER IH COTTON*BELT.
nnd drlxsllng; rained last night nnd yea*
terdny. Canton cloudy: rained nearly nil
Ight.
MlHriMlppI—It.ttiMlmrK Vloudr .nd v*rjr
cool. Ucrh1t.il cloudy, cool .nil tlirc.t.n-
City cloimy nod cool; h.nl r.ln
.... 72H 72H 72H 72«i - 7Mt
... 761, 75'. 74H 75 75*
.... n 79'4 78S 781k Tt'k
UN'—
.... 4) 47H 41
.... 43'* 43H 41 Mi 43'4
4*’* 44 43$ 4J>,
.. ..Tfi—
EEiS i I 1:1
LDltK
Kept... 16.60 16.61)
Jan... 13.86 13.40
LAUD—
Kept.. 8.95 8.96
m f:S H
K1DES—
Kept.. 9.00 9.00
Oct... 8.40 3.42*
Jan.... 7.12* 7.15
t AKII WHEAT-
No. 3 red 73* —
hard winter
8.90
■ 5:8
8.92*
8.90
7.82*
9.90
8.40
7.12*
Wheat
Corn ..
(lata ..
Hogs ..
. 196 2J9
.2>),000 26,000
Ing.
last mgni. '.»*«
hard rain Inst , night and yesterday after-
m. Natchex. cloudy and pleasant; rnlu-
nearly all night. ”**■
: hard *
ing. irrw tin ri»w« iih'i
laat t night. Jaekoon cloiMlyplHissiit:
w
tilt
noon. Natches,
' nearly all night. Ueksburg threaten
rain yeaterdny and Inst nlfht.
A In Iwmn—Montgomery cloudy and threat
ening: rained yesterday. Mobile dear and
cool# rained Inst night. Keltna clear nnd
cool: mine*! yesterday afternoon. Opelika
cloudy nnd very cool; light rain yester-
Eutaw nnd Troy cloudy and Vens-
and warm.
Georgia—Col umbos
WEATHER IN WHEAT BELT.
Extreme Northwest—Generally dear; 26
v\ortUwest—Clear and cooler; 16 to 50
ive: frost at Bismarck and Minnesota.
local rains In Missouri.
Ohio Valley—Cloudy; 60 to 66 above; gen
eral raina
WEATHER FORECAST.
Georgia. East Florida, West Florida. Al-
LIVERPOOL GRAIN MARKET.
Wheat—open unchanged; 1:30 p. m. un-
chaugcil; close, unchanged to *c lower.
Corn—open unchanged;* 1:M p. m.
changed; doo* *<Hic higher,
NORTHWEST CARS.
292
337
241
PRIMARY MOVEMENT.
The following figures ghVs the primary
movement of wheat and corn:
Wlif.'i 1* receipts tinlay, 920,00 bushels
against 1.215.00 bushels last year. Shipments
today 693.00k bushels against 474,000 bushels
ln*t year.
Corn receipts today 1.041.000 bushels
ngnlnst 712.00 bushels last year. Shipments
today 460,000 bushels ngnlnst 340,000 bushels
last year.
COTTON 8EED OIL MARKET.
Openlug. Closing
September. ....... J«*“
October. .
November,
December.
January. .
March. . .
SB:
Twiwl
.' 3014031
JzITTLE IS NEEDED
TO MOVE COTTON
. K 'l"' M -The Hun ur.: "In
■f" " 1 ! Prof-ufor,,' mnrkot Ilk,: th, pr,..
• n * °"' eompamOvrlf littl, nnulnl to
'LOPJ "'nr or tho .olhor, anil m.
loril.)' the 7,nr. that n Irnnlcl ntnrm off
Tf^ .J ■* f "°, n of >l>" '"‘If.
ir not elnetrbere. were nlnnn infflrient
t?««™nririi!!? n ‘r " ,,vnn, ’ , '■ e«peel«lljr nn rain
Sprite 'in’ri , ,or „ l !"L" J ' P" r '* nt '•>" In'll.
SlSlf f *{‘: '"'I hove henvy rnlnn. ami
?*?■%• »l«"' Moreover, the Uvermuil itinr-
ket "honed nnex|>eete<l atrenitlh, nnd peer
pie n ere diitDlifonndetl to (ml that the
HoutU wnn.offerln. ten. freely lu the innr-
1° .yl # ' w "i Ihln wldenprend proniHr-
•v of the rollon innniirnetmlu. In,Inn-
v* ■onnlile preiumpllmi
f?" 1 . Ihelnklnn liy the mllln will hereby
. n # ut , ’™ r " P° ln < 'h.t during
the-lnnt few yenrn the Mg K np. In ntoekn
whirh were mnrie liy the fninlne venrn Inlvr
|‘I>' Ihit mn.ll denier, nre het-
tor nupplleil with goml. ttuiu thev were
?. —7 7" n . r " nml they affirm that.
'J ,l n "- v hfPI";'! ,ll " , Amerlr.lt
cotton will fall eonsldcruldy. To most p«*o-
E who take n dispassionate
(lew of the situation. It .looks aa though
the consumption would be large, and that
there would be nn ample supply to meet
liitJnj w?"’ hcr * “ |J
*? w Srteggg, 8ml ,26.-The Times Demo-
ernt: "The not Illogical frtir Hint the At-
antn race riots may uffect the cotton licit
labor situation, nnd the prospect of wet
rls durlug the next few days, augmented
Increasing apprehension engemlered by
smallness of the new crop movement,
ami bullish sentiment received sufficient Im
petus to lnipe| some short covering. He-
yond the shadow of a doubt, there la vir
tue In the argument that the farmer and
Interior merchant will In lietter poal-
•<«« enf orcp demands after some of
debit shall hnxe Iwen paid. II
the outcropping of a holding temlencr may
now mean more thnh most folk who at
tribute the small inuveiuent solely to ln(p<
ne*« of the crop ore "willing to admit.
Forced selling Is and will always he a part
of the game between the prndneer nnd the
buyer, hnt the vital gertn of self Interest
has l»eeii planted deep In tho farmer's anut
omy. nnd It Is growing and spreading con
stontly. This fnetor the talent should not
Ignore. When the farmer demands uowa
days, he does so Intelligently, radical ad
risers nnd perpetual pessimists to the con
trary notwithstanding. However, the real
struggle for price supremacy will develop
Inter oil. Meanwhile, a bit of floundering
lu the scalpers’ rnuks will fool nolwdy."—
Wore Sc Leland.
ulntlon.
i we have sal
pjpinl*
bn!.„_
held In check by
Hoot (ftepubllcsn) to us. The best course
to pursue In general la the conservative
one. but W9 urge you to buy on the weak
sputa, for icale-down. orders are *‘*“~
the best Issues for another rise.
Private Wire to Ware St Leland.
New York, Kept. 26.—I<ondon Irregular and
tending lower.
Anncondn off 2* early.
Considerable stress Is lieing made on the
belief that Henrst will lie nominated, ami
aa Kecrotnrv Khaw has not aa yet takes
steps to relieve the money market It nat
urally creates nervousness on the part of
the timid, especially In vl*w of the very
heavy disbursement In October on dividends
nnd trust companies having to Increase
their reserve* 810,000,000. t
It Is doubtful If excessive rates on call
loans will l>e permitted, bnt small flurries
can lie expected.
• The advance and strength In copper metal
should weigh more with holders of Copper
stocks than the small Increase In the Ana
conda dividend. If further declines take
f tlnce In Coppers good buying ran l»e looked
or. aa well aa In the rails and Industrials
generally.
lH»w-Jonea' minimal
don Irregular and rati
Indications point to nomination of Hearst.
Some prospect of Charles K. Hughes be
ing nominated on ltepuldlcnn ticket.
President Talma, of Cuba, abdicates,
which may force Intervention by the United
States.
Colorado and Houthern earning capacity
now* approximately 61-19 per cent on com
mon stock.
Hock Island report, analysed, showed
equity for common stock equal to 110 per
cent.
Llg
Kle.... ... .— ....... ..... ... ,ra»-
tember show* an average gross Increase of
17.73 |H*r cent.
Total gold engagement against deposits
832.166,000. of which 817,160.000 la to arrive.
All reserve cities In the United Htatea
are now below the proportion of reserve
“M ulred.
Twelve Industrials declined 1.S4 per rent.
Twenty acUve railroads declined 1.66 per
TALK ALL BEARISH
The Political Situation the
Chief Topic—London
Was Small Buyer.
New York, Kept. 29.—'Tho political situ
ation dominated the security market today
more than anything else. At the opening
there were evidences of further liquidation
and many of the leading Issues went be
low yesterday's lowest. But the main
operations, even nt the start, seemed to
comprise everything of profits on this side
which bad accrued from yesterday’s decline.
Thla covering, along with a moderate
amount of buying of n more substantia!
nature, aoon made Itsrlf felt In steadying
the general list. Prices rallied fractionally
aa a rule during the first hour, and then
trading virtually came to a standstill. The
market sft midday had paused, awaiting
more newt from the party c-onrentiooa.
New York, Sept. 26.—The stock
market opened Irregular. Consoli
dated Gas st&rtad In a point lower and
rallied half. Brooklyn Rapid Transit
declined 7-8 and Union Pacific 3-8.
Reading opened unchanged and ad
vanced 1-4. American Smelting wan
unaltered. Atchison advanced 1-8 then
loat 1-4. Pennsylvania and Amalga
mated advanced 3-8 and Baltimore and
Ohio and Anaconda rose 1-2.
The stock mnrket through the first hour
mini quiet and generally firm with n
business In any part of the room, and trad
er* simply Im.-klng and filling, first selling
nn.l then buying. The talk was nil of the
bearish character, most of It being about
the political situation. .
leinilon Ima.ht .boat ’ 1,000 .hare, here,
DiMtlr Mmthern l’aclfle.
Cor eminent, uncliaojed; other hand,
qnlet.
THE LONDON 8T0CK MARKET.
STOCKS—
AlMeond.
STOCKS SLUMP
IN LAST HOUR
pt. 26.—There was no Im-
meuiare cause ror the break during the last
hour, though lack of support haa t»een a
conspicuous feature of the trading today,
ns far ns large Interests are concerned, and
the market looks as If stop order* had been
reached In some directions.
The order from Washington to prepare
..ie regular army for active service and po
litical agitation disconcerted operators, bo
sides which heavy selling of leading specu
lative Issues has been the feature of the
mnrket for several day*, and waa a strong
Last year 5,600 native Christiana were
added to the church In Japan.
The largest anchor ever made weigh
ed 26,600 pounds and coat nearly 810,-
000.
SOUTHERN EXCHANGE
Oldest Established Office Smith.
COTTOU STOCK MUDS GRAIN
Ground Floor Oould Gull-ling. Dally
market letter nnd market manual
mailed on application
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent's Capital $250,000
REFERENCE, THE NEAL BANK
PHONE 1417. PRUDENTIAL. BLDG
•lien),. Mlmlaelppl
tVednrad.y iiiid Th'
Hurt hr, ,t wind,.
d and Ixniluiana—h«ln
luraday; hrltk to high
EA»t"TVx",',-Fnlr Wrdn-'Ddny nnd Thur»-
iv. rx.i-pt ratn In Mufhmrt portion)
frrah n..rtliM«t to north wind,.
Arkans,,—Rain Wrdneeday; Tburaday
Trxaa-Falr tVrdneaday and
. .irtlj ctmuljr and root
nln eolith toulght nn-l tomorrow.
Indiana—Rain t.mlxht; and tomormw
Wfaronaln—fooler tonight; pro^wbly light
fr Mlnnraota. Iowa, Nrlirnaka—Fair tonight;
front Thnra-Iar. .....
Mlaaonrl—Fair woat. rain In enet tonight
ml probably tomorrow.
IntKota. nnd Montana-Fair tonight nnd
tomorrow: warmer. . . ’ .
Kaunas-Fair uud cooler toulght; tumor-1
row fair.
cottoivgIiaw, Provisions,^to^ksPbonds,
Ms. 2 Watt SL, M Cm.
few fart Cute, (ittiagr. Ckltige turd af Trade
g«w Off,,ns Cette, ficlin,,. Chfc.co Slack fntjtjt.
IIMrpaaf Caffaa tiMchthi. . Nt, rack C«ttr« ItckttK
ht.ll. Wlrts ll In firt. ft* Ortiiit, Cftlclfa. B. C corn*At. Mi.tin.
till flue 1243. Shndird thin 3
NEGRO SHOOTS WIFE
IN NEIGHBOR’8 HOME.
Hpt'rlnl to The (Icorglatt.
Wilmington. N, C., Sept. 26.—foday
when William A.he, ft young negro,
tllacorered hi. wife In hiding In the
houne of A relative, he opened fire and
killed her a. .he w«. attempting to
e.cape hi. wrath. Tho women fled
from her home Sunday night bacau.a
of a quarrel durlug which her hueband
threatened Co kill her.
Thl. ,1. the aecond murder committed
here by young negro men within four
cltfy a. •
LEAPED OFF FA8t TRAIN
TO 8AVE PET BULLDOG.
Ksnosha, WIs., S«pt. 21.—In an ef
fort to save the life of a pet bulldog,
William Sheehan, of Milwaukee, lost
night leaped from a train running at
the rate of 40 miles an hour. He fell
by the side of the track and escaped
with slight bruises.
Chic., Mil. and Bt. Paul..
Erl# ,. 1 ..
Illinois Central. . . ; , .
Louisville and Nashville..
Bending ....
Pennsylvania
Honthern Pacific.. .
Union Pacific... ..
United Btstcs steel,
do. preferred. . .
>2* » 1295
106* 106* 107*4
179* 179* 179*
174* 175* 177
4*Y 46S 47*
173 173 173*
147% 148* 143%
145*i 146* 169
. . 140* 140% 141%
•• *• I Mu m
.. .. 185*1185* 186%
44*| 44% 45*
106% 106* 106%
STOCKS REVIEWED
BY NEW YORK SUN
New York, Kent. 28.—The Sun sars:
"From start to finish, the market yester
day was under the Inflnence concerning
the alleged probability of the nomination
of Henrst as the Democratic candidate for
governor, and l»ut little attentl on wns paid
to other factors. The trading element
seemed to take It for granted that the
Democratic ticket had already been se
lected. nnd It wns rumored ,tbnt the plat
form would be extremely radtcnl. nlthcugh
In banking circles n more cheerful view
was taken of the situation, leading Inter
ests asserting ’ the belief that the ticket
and the platform as were Miked nUmt
would not receive the support of the con
servative element of tho |-*rty, and could
not win without It. Secretary Bnaw gars
no Indication of his pnrpose attributed to
him of further relieving the mouey sit
uation by — *- •-
with out-
Ansconds
share,
>y the deposit of government fond*
it-of-town bank*. The directors of
.. Is declared s dividend of 81.50 n
■. thus placing the stock on it 24 per
cent its sis. In continuance of s oollcy con
sistently pursued for a year nml s bnlf of
slowly navnnclng the rate to a Wei bis-
titled by the prosperity In the metnl Indus
tries. A raid on the stock followod tho
dividend announcement, nnd at the close
the Interests working for a decline seem
ed to bs for the time being In control
of 1hs market.”—Glbert Sc Clay.
LIVE 8TOCK MARKET.
28.—Hogs— Estimated re-
MnrKct steady; ijual-
talk ** —
Chicago, Kept.
cslptt today 20,0— ——
tty fair; left over 4.597; bulk 86.86e4.66; es-
tlmnted for lemorrow 727,000; light 86.30
C6-76; mixed 88.157^.77*; heavy |6.Ke6 77*;
rough 85.b5fH.15; pigs 85.85^6.70; yorkers
7< *ii 6.75; good to choice neavy 86.66<9
6.77*.
Cnttle—Rstlmsted receipts 18.000. Market
steady; quality fair; beeves 83.35^6.06; cows
Sl.8Hfl.40: heifers 81404*6.25; calves 1*9
6.25: goori prime steefs SO; poor to
medium G.9O&5.30; Stockers and feeders
82.4004.65.
Shoop—Estimated receipts 23,000. Market
slow nnd weak; quality ralr; natives gg. 10*
5.M; yearlings 85.40476;
western 84.2Hf7.60.
lambs 84.266^.*
THOMAS J. PEEPLES, Cashier.
JAMES U. LESTER, Assistant Cashier.
JVIADDOX-R UCKER 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.
LOWRY 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.
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 Modem Conveniences.
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co,
Frank Hawkins, President
H. M. Atkinson, V. P. Tnomai
Joseph A. McCord, Cashier.
Tncmas C.
B. W. Wye
Third National Bank
.... $200,000.00.
.... $300,000.00.
Capital
Surplus
Dr. A. W. Cithooe.
Milton Dargan.
DIRECTORS!
Frank Hawkins.
II. M. Atklpsen.
Joseph A. McCord.
David Woodward.