The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 22, 1906, Image 11

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    TALK ATLANTA GEORGIAN.
11
TRADE MODERATE
AT THEOPENING
Changes Slight with Profes
sionals Doing Bulk of
the Business.
NEWS AND GOSSIP
01 the Fleecy Staple.
UNDERTONE IS STEADY
Heavy Rains in the Eastern
Belt Was Only Sus
taining Influence.
New York, Sept. 21.—'There was only
moderate trade at the opening of the
local cotton market, mainly for pro
fessional account. The weather map
Indicated favorable condition In the
belt generally, except In the vicinity of
Macon and Montgomery, where there
was too much rain. This checked sell
ing and contributed to the steadiness
that prevailed after the call.
The professional element still has control
of the cotton market. They hold possession
through necessity; they cannot turn loose
•nd the public absolutely refuses to come
to tbelr assistance. As s result business Is
very dull with trade light. Fluctuations
during the morning corered a range of some
l to 4 points.
Weather reports this morning were un
favorable In the eastern belt, though fa
vorable west.
Liverpool was not a factor,’opening about
■s expected or H to 1 point lower on fu
tures. while spot was minted 5 points down
at f».S7d; sales 6,000 bales.
The opening 111 New York also met expec
tations, Initial prices showing very small
changes, with the undertone steady. Up
to mid-day prices varied only 2 points from
opening flguies.
A
i ok decidedly.”
Following are the active months In Liver
pool today:
Open. High. Low.
October-Noreraber 6.04 6.06 5.03%
Janusry-Pcbrnary. . . .6.06 6.07 6.04
Mnrch-Aprll 6.09 , 6.11 6.06%
Mnr-June.. 5.11% 6.14 6.11%
Comparative receipts at all U. 8. ports:
Net receipts today 38,041
8nmc day last year 38,471
Decrease 430
Total receipts for the week 186,497
Same week Inst year 239.063
52.566
305,701
629,449
Prlniie Wire to albert & Clay.
J™* }°f k ; »«Pt a.-Qv;rp^>I nt U:» p.
m., H ami I lower. Waa due unchanged.
same local bear crowd arrayed against
but ° rlw ** has been a
moderate buyer on differences.
Carpenter, Baggett & Co. say: “We be
3n lower prices.”
& F 0 -**r “ Ther ® are some
faithful bears who believe we shall have a
large crop, and while they do not look for
an Immediate drop they are selling on hard
spots Instead of covering on them. This
la about all there la to the market Just row,
aud see little reason to get excited over the
outlook.'
Georgia's agricultural commissioner says:
Cotton has deteriorated in this state past
two or three weeks. Condition now nt av-
•WJP of 65 per cent.”
Mitchell offering 5,000 October at 8.68 and
offering March nt 9.46.
The Journal of Commerce says; "Statis
tically ^the trade In staple cotton Is In a
very strong position. The stocks In tlrst
nnuds are nominal, and some of the largest
Jobbers have gone as close to the Itonrds as
they can and still remain in hnstness. Any
replenishing In the next sixty days will lie
at full values, aud If there are no advances
tuer anticipate a very large volume of
si nets when they are finally forrod In.
Mlille mnuy of them recognise tho fact that
the widespread amount of hand-to-mouth
purchase Is a strong factor In holding spot
Prices, they do not see what they can do
to relieve themselves without encouraging
further advances.”
New Orleans, Sept. 21.—Market Is quiet
nud steady, with no particular feature. The
unsettled weather Is causing a few shorts
to cover.
Our traveling representative wires: '‘Colo
rado City to Sweetwater, through to Fort
North, crop f« simply immense. Past two
weeks favorable weather adds to the condi
tions.”
Today's map shows heavy rains In Ten
(lessee, (ieorgla, Alabama and Mississippi
and scattered showers in Texas. Weather
Edited by
Joseph B. Lively
MARKETS
Mr. Lively'. twenty-Or,
yean' .iperlene. of ed-
I tin, market. In Atlanta
and tha South baa mada
him a recoinlaed au
thority In bla apodalty.
TIPS FLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Trlvate Wire to Olbert & Clay.
New York, Kept. 21.—Today's market will
probably move oil the same lines as devel
oped during the last hour's trading yes
terday. The strength of Southern Pacific
seems to have the approval of banking In
terests and Its friends. Krle appears to
lie more pronounced. They are support-
NAME OF STOCK.
Mississippi,
not co aside i
time Inst year
Decrease «... 233,748
Crop Movement.—Secretary Hester:
1906.
4.510
12,152
In sight for week 256,306
Since Heptemlier 1 675,803
Interior movement for week:
Total receipts 147,344
Shipments 123,404
Stocks..
Sup
..144,631
1906.
4,606
14,133
307,397
806,230
178,221
143,429
207,117
.254,716
Since Septemlier 1 670,314
Estimated receipts for tomorrow:
1906.
3.400 to 4,400
16,000 to 17,000
1906.
3.146
18,270
15.637
New Orleans
Galveston
Houston 18,000 to 14,000
The market nt the close was steady and
unchanged to 2 points higher.
SPOT COTTON MARKET.
Liverpool, spot cotton quiet and easier;
middling uplands 6.67d; sales 6,000; A mar-
lean 4.600; speculation and export 600; re
ceipts none.
Atlanta, steady at 9%c.
New York, quiet nt 9.76c.
New Orleans, steady nt 9 6-16c.
Augusta, quiet ut 9 7-16c.
Savannah, easy at 9 3-16c.
St. laorls. quiet at 9%c.
Charleston, steady at 9%c.
Baltimore, nominal nt 9%e.
Memphis, steady at 9%c.
Galveston, Ann at 9 7-16e.
Wilmington, rteady at 9 3-16c.
Norfolk, Arm at 3%c.
Mol lie, quiet at 9 3-16c.
TODAY’S PORT RECEIPT8.
The following table shows receipts nt the
ports today, compared with the tamo day
last year:
INTERIOR MOVEMENT.
The following table shows receipts at the
Interior towns today, compared with the
day last year:
COTTON 8EED OIL MARKET.
New York, Sept. M.-Tlie market for
cotton seed oil was again steady and fair
ly active. The recent decline In prices
failed to bring out any large offerings from
the South, and there waa Instead fairly
food buying at the decline, so the situa
tion in still where nearby deliveries are
commanding good premiums. The amount
" " •Teh has been taken for early
—- r — * large eno
pressure of spot oil.
lateness of the crop emphasizes the short
ness of snppltes. The market at the close
wn« steady, with prices unchanged to %c
Maher than the opening.—Ware « Le*
Poptendier.
Dotobor, . ,
N’ote-nher. ,
•oetnhcr. .
Lunin nr. ....
ft?:;-.
t'losed steady.
30*4630%
», 4
red entirely favorable.
iivnionn mm westers Texas: ror ino uu
auce thunder storms today ana tomorrow.
Trlvate Wire to Ware A Iceland.
unchanged to % down.
Liverpool cables: "Market steady with
out especial feature.”
Cotton opened quiet In New York, as ex
ported, on Liverpool cables. October was
heavily sold by commission and spot bouses
nt 31 and 32 |H>liits under December. Weld
was a heavy seller of December. Market
does not show snap, and with cotton press
ing on the market liellcve It must work
lower. Think It a sale on alight rally.
- good weather sets lu the market will de
cline considerably.
The weather map shows a moderate
amount of rain In southeast Tcxaa and
considerable In the eastern licit.
No cHnnge in market. The ring Is life
less and the snot market Is quiet and
steady nt quotations, with * 1AA *~ 4 —*~
and oOO or 600 f. o. b. sold
wont 28 to 30 on Oclolwr for Liverpool good
middling, October delivery.
NEW YORK.
f Th. following I. tho rang. In cotton fu
ture. In New York today:
I
s
a
!
?i
l
il
Sept . . . .
Oct. . . . .
Nov
Dec
Jan
.March. . . .
May
R.84
8.88
?.*-•
9.21
E9
*M6
9.57
8.44
8.90
v-
9.22
9.31
46
9.69
|i
9.27
i!44
9.66
its
8.17
9.02
E9
9.30
'9!<5
9.69
6.79-tt
3.87-18
9.03-04
9.20-n
9.29-80
9.37-39
9.46-46
9.57-6S
LfTS
8.88-89
9.03-04
9.30-21
9.29-30
9,37-39
9.46-46
9.67-68
THE COFFEE MARKET.
New York, Sept. 21.—The opening was
unchanged to 6 points tower, and the mar
ket showed a further tendency toward re
action after the galtis of yesterday during
thu early session as a result of less ag
gressive snpiNirt by the trade Interests, who
have lieen bulling It and disappointing Eu
ropean cables, while a bearish construction
was nlsn placed upon nn article lu the Urn*
xliNu Review of August 21, which expressed
the opinion that nature had killed valoriza
tion nt the outset by providing a bumper
cron.-CHliert A ('lay.
Following Is the opening range and dost
of the New York coffee market for to
day:
Opening
Range.
Jnuiiniy
February
March
April
May
June
July
August
Septemlier
October
November
Dccemlier
Closed steady.
6,65-6.65
Close. ■
6.45-6.50
6.50-6.561
6.60-6.65
6.65-6.75
6.75-6.80
6.80-6.85
6.85 6.90
6.906.96
6.20-6.25
6.25 6.30
6.30-6.35
6.40-6.45
er|MHil Improved
slon. mid closed l<f2 points higher than
yesterday. Foreign news was extremely
scarce, probably owing to the lack of new
developments. Spot sales weje 6,000 bales,
5 points lower. Covering by a few shorts
shortly after the opening on further heavy
rains in portions of the eastern belt con-
stltuted about the market's only activity.
The wentber Is decidedly unsettled over
the belt, but It can not be said that such
Ing activity, eveu, It Is said, at the ex
pense of ginning operations; nevertheless
the movement Is well np to ths average
nud cotton Is lielng rapidly marketed, as
the large receipts at Houston and Galveston
ment show signs of falling short of renltza<
tlon. for It appears now as though tho
needs of the present have been satisfied.
Foreign cable* report a material decrease
In demand not ouly for th continent, but
from all around from which the Inference
may be drawn that spinners have become
Imbued with the Idea that the ex|>ected
liberal movement shortly will create a
more profitable trade basis.
New York. Sept. 21.—The market was
strong today, though not particularly ac
tive, except in certain specialties. Trading
was of n mixed character, consisting, pf
both pressure and support In turn. Gold
engagements were announced, partly from
Paris, amounting to $1,200,000. Among the
Items of the money movement, the ship
ments to the Interiorjncludlng fan Fran*
cisco, approximate $4,200,000, nml this would
Indicate a greater demand for money than
hitherto expected by Interior banks. It
Is quite clear that the ground work Is be
ing laid for some form of old by the
treasury department to business Interests.
Interest and dividend payments for Octo-
tier 1 will lie largo, meantime funds are
possibly accumulating for .•neb disburse
ment*. Engagements of gold from tin*
Bank of France today almost surely fore-
shadow further larger shipment* directly .or
Indirectly from that source, and It Is quite
GIBERT & CLAY
STOCK*. »ONO».
COTTON, GRAIN,
COFFEE. PROVISION*
ATLANTA. OA.
opw XOTB BtOCk I
15® SB I
nnd L.na Di.tnno, T.ltphen. 529*.
rtasjsssut n. faoan. m.^
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
Amalgamated Copper. %
Atlantic Const Line. ..
American Sugnr Kef. ..
Anaconda
American Locomotive.
. do, preferred. . . .
Amer. Smelting Ref. .
do, preferred. . . .
Atchison. .
. do. preferred. . . *
American Cotton Oil. .
Amer. Car Fouudry. ,«
Baltimore A Ohio. . .*
Brooklyn lupld Tran,.
Canadian Pacific. . . .
Chic, it Northwestern..
Central leather
do, preferred. . . .
Ch e. A Great West’n.
Chic., MU. fr-Bt. P. . .
Pf In ware k Hudson.
Erie * r * s<K!ur * t,e ** ••
do, preferred.* .* .* .*!
General Electric. . . .
Illinois Central
Aflrmfilh;::
Mexican Central
Missouri Pacific. . . .. ,
Total stock sales today 826,700 sharesT
NAME OF STOCK.
Western* . .
W. Y., 6bt.
National Lead. .
Northern Pacific. . . .
New York Central. . .
Norfolk A Western. . .
Pennsylvania. . . . . .
People's Gas
Tressed Steel Car. . .
do. preferred. . . *
Pacific Mail
Reading
Republic Steel
Rock Island
do. preferred. * • •
United States ItubDer.
do. preferred. . . .
Southern Pacific. . . .
Southern Railway. . .
do. preferred. . • .
Stoss-Sheffleld
Trim. Coal A Iron. • • ,
Texas St Pacific
Union Pacific. ......
United 8tatee Steel. , ,
do. preferred. . . . ,
Va.-Car. Chemical. . . ,
do. preferred. . « • .
Western Uulon
Wabash
do. preferred
Wisconsin Central. . . ,
do. preferred
LIVERPOOL.
Th. following Agar*. Mr, tho opening
rtog* and clow, compared with xaatrrdaj'a
Future, opened quiet nnd iteadr.
Opening. l'revlnu.
Range. Clone. Cloee.
:jF* a if***
-5-02V4 sir
September.....
Hept.-Oet. . .
Dee.-Jap
Jan.-Feb. . .
E ib.*Mareb... •
arch-April. .
Anrll-Mny. . . .
Mar-Junc. . . .
Closed steady.
NEW ORLEANS.
turee In New Orleans today:
He^t. . . .
Nov. * * *
Dec. . . .
Jan. . . .
Fab. . . .
March.
Ma;
157-
cfe
osedT’Ju
9.46
1 but steady.
9.47
9.22-1
9.32-38
9,87-39
9.47-48
9.63-64
U
TS&t
9.16-17
9.18-20
9.21-22
9.31-32
9.35-37
9.46-47
9.61-62
NOTES ON GRAIN
Pointorg on ProvUIons.
bullish features In wheat hare been pretty
well discounted by the recent advance.
Shorts have covered freely, and new bull
motives must lie found.
Minneapolis stock of wheat decreased 400,*
000 for the week.
Considerable rain through the couutry,
and clnlni* made that wheat In shock has
cept Bartlett, Frasier end Carrlugton buy
ing n few Decomlier. «
Chicago inter-ocean: "A Duluth house
that has been bearish says: ‘To tell the
truth, we hardly know whnt to make of
thin wheat market, ltccelpte are light,
farmers are not selling freely, nud are
holding bock n good many dellverlce actu
ally made to too country lines. Foreign
markets are more decidedly Interested than
In some time. They seem especially anx
ious for springe, as this clsss of wheat
from Russia has been liadly damaged, nnd
other countries also hare very poor quality
thin yenr. It looks ns If the market would
work stronger unless wc get a larger move
ment than now set-ms possible In Cauada
and onr own northwest.*"
Deliveries of corn on September trades
WHEAT OPEHED
Foreign and Domestic Ad
vices Arrayed on Bull
Side of Market.
MARKET WAS SMALL;
LEFT OFF LOWER
New York, Sept 21.—The Sun says: “It
was o day of small thlnga In the cotton
market. The speculation waa small, the
fluctuations were small, and the ending was
a small decline. There was still a very
general disposition to go slowly, pending
further development* In the situation.
More light Is wanted on the question of
deterioration In the crop. The bulk of
the news was favorable, but tho Southwest
continued to send reports of a serious de
cline In the condition of tho plant, nnd
they wero not without effect, some fear
ing that the Octolier rejiort by the gor-
eminent would mnko n bullish exhibit.
Then, too, the rocelpts were moderate,
nod although a large movement Is predict-
ns cxpecti
Chicago, Sept. SI.—Profit taking on a
large ecale was taken In wheat, corn,
and oats on tho hard spots and prices JjjjJ,
suffered In consequence, as the talent
backed away from the Increased sup
ply put on sale. Resting spots for the
day showed sharp reactions and de
clines from the best prices reached.
Net changes for the day were;
Wheat unchanged to l-8{$l-4c high
er; corn 1 3-8c lower to unchanged;
oats 3-80l-2c lower and provisions
st any
room
Deliveries of corn on September trade* oats a-89f>i-2c
arc Increasing, there liclng 65,0) bushels sent mn j n i v better
out yesterday, the largest so far this f * ' .... . .
month. It was delivered by Shaffer and Cash sales here were 18,000 bushels
takeu in by Armour.
Deliveries of wheat
and oats 90.000 Ittiahc—, «
paid for by Wells nnd sent out by Shaffer.
Deliveries of lord were 1,760 tierces, and
short riba 1.700,000 pounds, all to Armour,
the riba being sent out by Stone.
Cash business In Chicago yesterday was
32,000 wheat, corn 40,000 bushels, and opts
90.000. At the seaboard export tales of
000 tierces Inru nud 17,000,000 pounds short
ribs. All show losses from September 1.
Minneapolis millers are not ns anxious for
cash wheat nnd paid S03%c over Septemlier
for No. 1 northern yesterday. Thla waa -
reduction of %c. Outside mill* In oth
state* were said to lie buying wheat uml
paying good prices. From the wny millers
ore aftsr whent It Is auggeated that they
must have sold more flour than has been
reported os having been sold of late.
Private Wire to Olbert St Clay.
Chicago, Hept. 21.—While we still feci
very friendly to wheat, would not overlook
taking profits on the hard spots.
Prices not likely to ndranco abarnl;
corn nt thla time, but look for good sup
port on soft spots.
Would continue to buy oats on any dip*.
The Record-Herald: "Private elevator*
continue to turn out rash corn ns rapidly
as possible; expect to deliver about 1,600,0w>
bushels. They are claiming that car short-
; ,i Canada and our own northwest.
WEATHER IN COTTON BELT.
Texas—'Tyler, Temple. Houston and Fort
Porth cloudy and pleasant. SUerraan.
•alias nnd Belton clear nnd pleasant, fan
Antonio cloudy nnd pleasant.
Mississippi—Jackson and Nntches partly
cloudy nnd pleasant. Yazoo City clear and
“lesaant. Vicksburg, F* “
ew Albany cloudy am
urg, Aherdeeu, Amory a
nnd pleaaant; rain laat
T";
'llIW'K
hf.
r .__ m,L
clniidr. thr.'At?tilnj, ami pliminrit.
Alnluma-nirralnKham rlnmly and throat-
nnlnfr; rain yeatanla, nflrrnoon. Mont*
.ntnrrv rltar ami nlniunt: bard rain yaa-
farday nftarnnon. Molilla cloudy and nlaaa-
an(; rained all-nlsht. Raima partly domly
ami pleaaant; hard rain yaalarday after
noon. Troy elenr and pleaaant; .bower,
yaatarday afternoon.
licorirla—Maaon clear nrnl warm; b*rd
ml. yaatarday afternoon. Sarannah rlnmly
and warm. Amarlaua. Albany nnd Atlnn-
In Wear nnd plaaaanf. rolninbn* clear ami
h-.t; rained yaatarday afternoon and U.t
night.
WEATHER IN WHEAT BELT.
Northwnt—Fair and cloudy; l< to 52
Nurthwct—r»rtly alondy: 44 to to chore;
general ralna In Mlnenaota nnd North
Ira notn.
Want and 8ontbwe«t—Partly cloudy: 70
nlaire; rain, anow .nd mm wared ahower.
Mlaanurl and Illlnnln. .... _
Ohio Valley—ticnarally cloudy; M to W
•bora.
WEATHER FORECAST.
Georgia—Oaan.lonal thunder abowera Fri
day anti Saturday; light to fre.b aouth-
f.nnlnlnaa, Ka,t Florida.. WMt Florida.
Alabama and IfUflaalpi.1-Thunder .bower.
Friday and Rnluiday; light variable wlnda,
moatly aonthenat.
Fast Tegn,—Featured thunder ihowera
Friday nnd Rntimlay. eic.pt fair weather
In northweat portion; light to freah south-
on st winds. . . .
Arkansas—Fair in west portion and show
ers hi cast portion Friday and 8a»nrdar.
West Texas—Fair Friday as«l fatunlay.
Illinois, Indians, Iowa. Missouri, Kansas.
Nebraska. North DnkoU-GenerslIy fair
tonight nnd tomorrow. „ , , , .,
Yllnesota nml Koutb Dakota—Fair tonight
ud tomorrow; cooler tomorrow.
wheat, 34,000 bushels corn and 60,000
bushels oats.
Clearances for the week were 4,678,-
000 bushels wheat, compared with 4,-
663,000 bushels for the week before,
and 2.179,000 bushels a year ago.
ttafn 646,000 bushels for the week,
against .986,000 bushels the previous
week and 1,2?3,000 bushels a year ago.
The Modern Miller says that rains
have permitted the resumption of seed
ing In sections of the east and south
west, and this work Is now being car
ried on as far north as Nebraska.
Primary wheat receipts 1,010,000
bushels, corn 669,000 bushels; a year
ago 1,255,000 and 621,000 bushels rc
opectlvsly.
CHICAGO GRAIN MARKET.
bouadk
rate, the pressure was on the
Local Wall street longs sold
traders sold moderately for short account.
The sonth also sent selling orders. The
weather wnn favorable In the main, and
Liverpool reacted before the close after
advancing early In the day. At one time,
bull support and more or less covering
caused something of a rally, but It provod
to be only temporary, the course of prices
hinging In the end on the weather news
and scattered liquidation.”—Olbert A Clay.
New Orleans, sept. 21.—Tho Timet Dem
ocrat: "Notwithstanding the rather gen
era! belief that the near future will wit
ness a relaxation 1(4 trade demand fnt sc-
ttutl cotton, no ambition to sell the stuff
down marks current operations. Con*r..
quently, the dally fiuctunmin* continue to
range within very narrow limits, flout!-
ment being against the market, Inconsa-
a uentlnl declines now are practically Inev
able, though the movement Is vet small
enough to disappoint many old-time trad
•ri, nnd to Impel the desire among aver
age shorts for a rlens covering oppor
tanlty. Yesterday'* cotton market felt the
* ~ nee of tho Jewish holiday, not a few
operators avoiding nctfve business.
_ jero were no developments of moment,
but Jn the absence of bullish support bear
ish courage undoubtedly expnnded under
snot
Tber*
S= Mill
CORN—
E=i MSB
OATS—
■ R S S
16.75 16.69 16.60 16.71
13.18 13.07% 13.12% 13.00
FORK—
Sept., 16.76
Jau.... 13.10
LARD—
ftfc. I:**
Jan... 7.77%
SIDES-
Sept... 8.75 8.92%
Oct.... 8.47% 8.57%
Jan.... 7.02%. 7.06
( A8II WHEAT—
1.87%
r.77%
IT
7.77%
IT
7.73V*
I
6-»7V4
No. I do 7*874; No.
7.03 V,
7.(8
THE 8U0AR MARKET.
New York. Bept. 71.-The loenl refined
end rnw eugar market, are unrhnneed and
•tendy. London nnitnr market itendy: Bep-
temper np Id nt ta #d; Octolier up Mid at
9* 6«d.
SOUTHERN EXCHANGE
OldMt EnUbllihed Office South.
conoi—STOCiS—BOIDS—GRlIH
Ground Floor Oould Building. D»lly
market letter and market manual
mailed on application.
LJ. ANDERSON & GO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RcrotcNce. the ncal bank
PHONE MIT. PRV dent,al BLOG
"toils and a sale on bulges until the mone-
ary situation Is cleared.
Think Eric a good purchase.
Think Baltimore nnd Ohio good for
points advance.
l'lttMburg special: “Officials of the Wa
bash boro decline to affirm or deny the
truth of the report that the company has
secured a terminal In Philadelphia. State-
ment roan-ding It was made by a promi
nent railroad man who returned to this
city from Philadelphia Inst night.”
New York Financial Bureau: We
pect Irregular prices lu the stock mn
today. Specialty advance* seem likely In
limited cases. But the recovery has been
too swift for stability. Do not understand
uh as being bearish. Developments thla
morning Include the Increased gold re
ceipts, which are good, nnd no further
demand from the Interior, which Is nlso
favorable The money situation, It rosy b#
concluded. Is the dictator of the stock mar
ket. There Is no danger because of the
treasury relief that will prevent it, but
the dally operator will keep n close watch
on money nnd sail close to shoro temporari
ly. Later we can have a broad market,
and we believe It la to the Interests loaded
with stocks to promote anch a market. But
they will not do It now, wheu It would
not only arouse a storm of censure, ac
complish practically nothing and Invite so-
rioua danger. The present situation ap
pear* to ua to be the Wall street view
But we again caution you to conflw
bullish operations of an aggressive nature
to specialties, buying standard stocks on
reactions.
Private Wire to Ware St Lelnnd.
New York, Sept. 21.—There was good
buying of Baltimore nnd Ohio reported thla
morning. We observe Oaten' advices urg
ing the purchase of It. Western absorption
wna reported. We believe the stock will
work much higher.
There Is bull talk this morning In good
circles on Louisville nnd Nashville. Wo
think thla stock will have Its turn. When
the pool Is ready, we hope to hear of It.
Wo do not now know hut the rood enn pay
a higher dividend, nnd as Atlantic Const
Line controlling Interests naturally like
to get more cash from holdings, an In
crease Is expected by the liest people.
Hear Louisville nnd Nashville will pay 7
per cent and should sell up about 10
points.
Dow-Jones A Co.'s summary:
American stocks In London stasdy st
about parity.
Further gold engagements In London ex
pected, especially on Monday, when 1430,-
ooo Is available In open market.
Loss by disaster at Hongkong estimated
nt $20,000,000.
Secretary Taft la still adjusting disputes
In Culm.
Chesapeake and Ohio earnings and eqnl-
ties for fiscal yenr equal to 8 per cent on
‘tnl stock.
Jgh prices for bar gold paid In London
yesterday offsets advantage derived from
treasury deposits against gold In transit
Itenl earnings of Hocking Y’alley equal
to 20 per cent on common.
Crop reports continue satisfactory.
Distillers' Securities' dividend qnnrterly
1% per cent, advancing the rate from 4 to
6 per cent basis.
World's production of wheat largest on
record, ana will exceed 3,600,000,0017 bush*
fioo earning* second week of September
Increased $67,662.
Twelve Industrials advaitced .60 per cent.
Twenty active railroads advanced .10 per
cent.
i this Into n very bull
rgument, simply because of the Itellef
that light receipt* are canoed by holding
back In tho country for higher prices. The
situation, wne-very evenly balanced, and it
will take aoiuo strong new development
to move the market out of the rat U Is
now runulng In. The chief feature of ths
first of the weekly figures was the light
receipts In the eastern belt. Th# crop
In the Atlantic* Is showing up much lighter
than expected. One of the reasons why
TONE WHS 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, b'cpt. 21.—There was no fur
ther developments of note In the money sit
uation thla morning, and the stock market
betrayed the same uncertainty that It has
nil the week an to whether the next turn In
this quarter would be farorsble or unfavor
able. Call money loaned In the forenoon
between 6 nnd 6% per, cent, Imt again there
was no evidences of nn easing of the strain
In time money or commercial discounts,
and the rather unexpected reduction through
yesterday's operations of the week’s gain at
the sub-treasury was uot an encouraging
Incident. The stock market preserved in
the main a pronounced degree of strength,
but the moveweut of prices waa very Irreg
ular throughout the morning, and where
manipulative buying forced up some Issues
heavy realising depressed others. Southern
Pacific, Kt. I'snl, Baltimore and Ohio aud
the Coppers were ths strongest nnd moat
active stocks on the list, but tbelr move
ment excited no outside interest nml the
whole character of the tradlug was more
narrow and professional than evsr.
New York, Sept. 21.—With the ex
ception of Union Pacific nnd Chesa
peake and Ohio, the opening prices of
stocks did not show large changes from
yesterday's closing, and the market was
somewhat irregular. The undertone,
however, was firm. Union Pacific
opened 3-4 higher and advanced a full
point later. Chesapeake and Ohio ross
3-4. Reading was 1-4, and after open
ing advanced 3-8. Other gains extend
ed to 1-8 in Atchison, 1-4 in Missouri
Pacific, and Erie was down 3-8. Nor
folk and Western down 1-4. After tho
opening the market became Irregular.
The expectation of early artfon by tho
secretary of the treasury to relieve tho
money tension roused a strong tone nt
the opening, and In the opening trading,
but later the outside speculative element
became aggressively l>earlah. nnd stocks
were freely offered st declining prlcss. ex
cept In case* where thero waa apparent
pool buying and bull manipulation, South-
— Pacific was made s leader on the bull
and sold as high as 97, a new high
... rd. In this, those afflllatod with E.
II. Ilnrriman Mid that the accumulation of
Southern Pacific on thla advance was based
efly on Information that arrangements
re lieen to retire the preferred stock.
_.. Paul opened %c higher nt 178, and de
clined to 177% under arbitrage trading
against 8t. Paul. Rubber shoxvM strength
•llr.oclin lft to M. Bmrltlnif ro.0 l 1 , PIT
rent to 1M& »nd NatlonM Lreil A ro
wn,. The gen.rel ll.t w.i nr.lreled, nnd
drellnc. were developing. London m, not
n factor In the tntrket movement.
whieh
"In*
too qulcklj be followed 1
‘When you go to a lummer hotel the
flr.t thing you ohould do i, to hav, all
your money put In the hotel nafe.”
"Thnt In the Ia»t thin* I do."—Hou«-
ton Po«L
THE LONDON 8TOCK MARKET.
v niiouian I'nciuc... , . . ...
Chic., MU. and Bt. Paul. . .fir"
nlJnoi* Central.... .. ..
Louisville and Nashville. . ..
Reading
Pennsylvania.,.. •• •<
S Southern Part!!#.. .. ,
nlon Pacific. . . .
nlted Htalro Steel.,
do, preferred. . .
miner iiuin nmiani. cunMurrnuunm iiriicp
will furnish no real clew to tho ultimate
outcome.”—War* k LeJand.
WARS A LFLAND’S
DAILY COTTON LETTER.
New Orleans. Kept. 21.—Today's market
was shout the* narrowest on record up to
noon, the range of the active, or hereto
fore active, positions wna only 2 points,
December selling from 9.22c to 9.24c. The
outside public wna not In the market at
all, and professional trading was extreme
ly limited. Liverpool eniuo In about na
expected, nnd neither aide received any
help from thnt quarter. The weather map
waa about as good aa It waa bad, good
weather In the west balanced rather un
favorable weather In the cast. The expec
tation of rather bearish week-end statis
tic* waa about bain need by a lessening In
the spot demand, and the claim by relia
ble people thnt the greater oart of \w
pressure to buy spots to fill September
shipments had been removed. The move-
. T. HOLLEY!AN, President.
F. J. PAX ON. Vlce-Prealdsnt.
W. L. KEYIP. Treasurer.
* J. W. ANDREWS, Secretary.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
On, dollar start, an account.
Hour,: 9 a. m. to 6 p. m. Sat
urdays till B o’clock at night.
1 liun. 4. rc,r,i i.r,n,
W. B. STOVALL. K. J. PAXON.
W. O. FOOTE. L T. HOLLEMAN
CLYDE BROOKS,J. M. JOHNSON.
JWADDOX-RDCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi
annually in our Savings Department
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
nlivlnn. .that aurli « rtoveloimu-nt would
nutltutr . .Iron* rentlm.nt.l lullurure on
.. uiark.t. whl.'h wr .'«|«ret to <re or-
rr and hl,Urr. .. . re.ult of thla and
furlhrr rvldrnre Of th- Intmtlon of rev-
rral corporation, to make * larger dl«-
-tlou of earning*
COTTOnVgIMI^, ?BfOVISl5N‘S, l STOCKS^*BONDS,
la. 1 Will SI., run11,1111,1. All,til. 6<-
EBSBsSSr “ SSSv
0 TriT.fVKttfrtK r«t. i» Orimi, cnee. e. c cothaa, u,
iiimmiia si,,*,'trim
Frank Hawkins, President.
Tnoma* C. Erwin. A**t. Cashier.
II. W. fryers. Asst. Cashier.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dargan.
John W. Grant
” *' McCord.
. . . . $200,000.00.
. . . . $300,000.00.
DIRECTORSi j, H. Nuntmlly.
Frank Hawkins. J. Tarroll Payne.
II. M. Atklnsnn. E. B. Uoaser.
Joseph A. McCord. David Woodward.
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.