Newspaper Page Text
/HE ATLANTA <SUUL<<J1AX AXU NEVVB.
HAT,
COTTON FUTURES
Liverpool Was Much Lower
Than Expected Monday
Morning.
AMERICAN SYMPATHY
New York Selling Off 29 to
35, New Orleans 27> to
29 Points.
NEWS AND GOSSIP
of the Fleecy Staple.
v. «. Clark.)
Now \ork. Kept. 16.—Bartlett. Frazier &
< arrlngtou: Llverjwo! was duo* a Lout 2
points lower, not taking Into consideration
the weak New York curb ami the heavy
break In New Orleans after the local clone.
Opened Irregular 9 milutM lower mi near ami
19.points lower on late months. At 12:16 p,
hi. It was quiet SV4 to 10 lower on near and
.< to 9*4 lower on late months. Later entries
reported a further decline of 1 to 14 points.
quiet 15 points lower; lultlilllug, 6.92d
New York. Sept. 16.—There wns rousldern-
1,1p excitement nt the opening of the rotten
market niul the undertone wns wenk. Knor
in.m* liquidation on stop-loss orders wns
,.f the results of the big break on Saturday
-it New Orleans nfter market here hnd
rioted and of the brenk In the market at
Liverpool today. Absolute demoralisation
was only cheeked here by heavy pur
chases of houses with European connec
tions to cover aborts. This gradually ab
sorbed the flood of selling orders and after
the call prices steadied a little.
The weakness of Knturduy In cotton fu
tures wns continued Mondnylmornlng. and
sharp declines were established.
first quotations from the English market
were much lower than had taen expected
In response to the slump on this side 8nt-
iii-dny. The decline continued up to the
dose*, which wns weak and unsettled 17 to
194 points lower.
Spot prices were marked off 11 points.
In New York the Liverpool lend was fol
low.*d. Initial prices being 16 to 29 points
lower on the active position. The continued
weakness In Liverpool after the opening
«as reflected In further sharp declines dur
ing the morning.—nt the low point selling
29 to 3,» points under the closing last Satur
day. At 11 a. in. prices showed u small
rn Tfn*. New Orleans market opened 9 to 10
points lower ami during the morning sold
off to 27 to 29 poliits below the previous.
The South was reported a free seller dur
ing the morning, which, together with long
liquidation, were the early features.
Around the noon hour liquidation
was renewed and prices were carried
sharply lower. October breaking
through 11c, selling at 10.97.
The close was steady, slightly above
the lowest, net 43 to 50 points lower
as compared with Saturday’s finals. *
Estimated receipts Tuesday:
1907. 1906.
New Orleans.. .. 700 to 1,500 9,669
Galveston 10,500 to 11,500 32,361
Houston 12,000 to 13,000 19,621
uric* i.OOO, American 6.800; speculatInn and
smut 600. lui|M»rts 2.0-10. all American
Liverpool comes vefry much lower
air close, but ns there occurred a sharp
ffeak In New Orleans nfter our Hnturdnv'r
lose the preseut slump III Liverpool till:
Horning is not surprising. J.lquldntloii o_
'* Hue of long cotton Is responsible
mission house stop-loss orders. The talent
looking for a reaction, but all depends
1 whether the South eontlnues soiling.
T. If. Price gives out a lot of crop guff
of a lieaiish nature on cotton.
The liquidation looks ntioiit over,
shorts will hardly atlaek again t<
the trailing shorts will cover q
any signs of strength. Think Jj
11.40 Is a buy for 10 to 20 points.
New Orleans. Sept. 16.—liny wind. Vick &
Clark: Liverpool much worse tbn
p**cted.
Futures at present 9 to 11 lower a
iiInmiI 3 to 4 lower due on New York,
prices 11 lower. Sales 7.000.
Mr. Price sending messages predicting
further severe decline this week.
Atlantlcs report heavy damage from rains,
Map shows It also. Believe market will ad
vance on unfavornIrie weather.
Map Indicates continued cloudy weather,
and showers In the belt with predominating
east winds.
The 1 Indus News has computed the total
for its second cotton crop condition review
from 544 reports from Texas and t
rltmies. The report shows Indicated yield
Texas 61.03, eompnrefl with last year ami
The
erng«
Market 1
asts of 11101
happens to
1 is 130.3,
•ndylrig on bullish
•e rain In the belt. Tf any!
... lower ‘grades, like mini
storms. It would have n decidedly bullish
•ITect on the market. Just like last sent
Market looks decidedly better. Few 1
>rs now and shorts nre putting It up
•overlng. Think the worst Is over, anil any
one who holds on to long side will make
ATLANTA MARKETS.
FRUIT AND PRODUCE.
SPOT COTTON MARKF.T.
Liverpool, easier; middling 6.92.
Atlanta, nominal; middling 12c.
New York, quiet: middling 12.»».
.Now Orleans, nominal; middling 12c.
Augusta, quiet; middling 12c.
Savannah, steady; middling 12c.
Galveston, quiet; middling 1274.
Wilmington, nominal: middling 12*4.
-Rf. Louis, quiet; middling J274-
Boston, quiet; middling 12.20.
Philadelphia, quiet; middling 12.45.
Mobile, nominal; middling 124-
HAYWARD, VICK & CLARK’S
DAILY COTTON LETTER.
EGG8—Active. 24c.
LIVE POPLTUY—Hens active. 49«42c;
chickens (freshi/2244136c. Bucks (Pekin) XM
each: puddle, 25o cacu. Turkeys active, 16c
per pound.
DHFSSKD POULTRY-Turkey*. drawn,
active, 20c pound; fries active, 20®224c lb.'
hens. 16c pound; ducks, drawn, fancy, J5t
pound.
PBOntJCE-Lard, 12c pound; hams active.
16c pound; shoulders active. lO^llc pound:
sides active, 11c pound; butter dull. 10&124?
pound; Iveswax active, 25c |iound; liouey
(bright! relive, 124c pound. /
FRUITS—Lemons, fancy Messena. $4.60;
Swift & Couinnny's sales of fresh beef In
Atlanta for tho week ending Saturday,
September 7 average 6.70 per pound,
bananas. 4c pound: plneappes. Florida
Stock, none; limes. Florida stock. 50 per
hundred; peanut* In sacks averaging 106
pounds each, owing to grade. 64178c pound:
cantaloupes active, $1.25<&1.50 crate; water
melons, 5010c each: Georgia peaches, $1,500
1.75 nor crate; rhubarb. 75c.
STABLES— Potatoes (new), $3.00 .net
showed a declliW of 12 poliits. or about 7
more decline than due,’before trading
met*red pn our side. S|n»t prices we
lower; sales. 7.000. The break was forced
pilnchmUy by the liquidation of straddle
omnuttnenfs.
‘ inlntmeut from Llvei,
rk opci
the leading New . - -
.... jt a heavy decline this week
led to accumulation of selling orders before
and their execution caused an Ini
..hi loss of 24 points. Shorts took the of
ferings and steadied the market to 11.52 for
OK 0 ..
predicting
to nc
opening 1
tin I loss
ngs n.... — -
emta*r. but soiling orders came pouring
In on Improvement and prices dropped again
to the lowest Inside of the first hour. It
seemed as If nil confidence was gone and the
market completely at the mercy
New York bear crowd.
The weather map. although not showing
any critical developments, must be consid
ered rather unfavorable. Ilnlns were gen
eral throughout the cotton region ami henv.
In const districts and the Atlantlcs. where
damage by rain Is reported. Indications
point to continued cloudy and showery
weather. Should these rain* continue for
several days and create f«*nr of a wet spell,
a change In feeling itml the market would
he pretty certain.
Weather rendition* must be carefully
watched, as the one hope for a stop to hear
control In cotton. A lowering of grades by
storms-or bad picking would, like last sea
son. have a decided bullish effect.
The trading settled around 11.35 for De
cember. but wns very quiet. Restrictive leg
islation In the Kouth has delivered the fa Id
of cotton completely to the financially
stronger speculative centers. New York
and Liverpool, both with a natural tend
ency toward the bear able. The one market
through which speculative opposition to
undue depression wns possible has been
brnmd about with restrictions until now we
see the sad spectacle of former years—
that Is. the producing South forced to wait
until speculative Interests In the consumers
markets sec fit to think the price low
enough.
New York, Sept. 16.—Bartlett. Frasier Sc
Farrington: Violent flue!nation* character
ised the movements of cotton futures In
Now Orlenn* sfter our dose Saturday and
Liverpool declined badly this morning In
sympathy. The opening wn* 10 to 20 points
lower for the active options. The reason
for the weakness was liquidation by Impor
tant long Interests discouraged nt the way
cotton was declining lately. Crop advices
t*Hlny were rather bullish and the New
Orion tin lutereMt worked strenuously to rally
the market. The tendency was unmistaka
bly downward, and the rallies would be
'cry feeble. The two markets—New York
and New Orleans—are now nearer together. ,
January In New Orleans often sidling lit the j
rami* prices ns January In New York. It is
• encoded that the short Interest Is 1
what extended, bht the tendency *
downward. The money situation, the
movement ami trade miction argument*
"dll have more Influence this fall. \Ve look
for lower prices and advise selling 011 bard
GROCERIES.
RICK—.lap, 5054c; head, 6®7c; fancy
head. 70T4c. according to the grndc.
CHEESE— Fancy full cream 164c; Georgia
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively’s twenty-five
years* experience of ed
iting markets.0> Atlanta
and the South has made
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Alual. Copper
Am. Ice Securities. . .
Aiu. Sugar Hennery. .
American Smelting. .
Am. Locomtlre. . . .
do. preferred. . . .
Am. Cur Foundry. .
American Cottou OH. -
Anaconda . .
AtehfSon .
do. nreferred.
Atlantic C. Line. . . .
Brooklyn Rapid T. . ■
Baltimore X Ohio. . .
Cheniipeake A- Ohio -
Canadian Pacific. . . .
Chicago Sc Alton. . . .
Consolidated (ins. . . .
Colorado Fuel Sc Iron-
Corn Produce
Colorado Southern. . .
Delaware & Hudson. .
Denver & Rio Grande.
Distillers’ Securities.. -
Erie
do. preferred. , . .
General Electric. . . .
Great Wesiern
Great Mortbero pfd. .
Illinois Central
Interhoro
do. preferred. . . . .
Kansas & Texas. . . .
NAME OF 8TOCK.
kmisus \ Texita |»fd. .
Louisville fc Nashville.
Missouri Pa elite. . . .
Mexicuu Central. . . .
New York Ceutral. . .
North western. * ,
NiF'onni Lead
Norfolk A Western. .. .
Northern Pacific. . . . ,
Ontario A Western. . .
Pennsylvania
Pacific Mall
People’s Gas Co.
Hock Inland
do. preferred. . . .
Republic Iron At Steel.
do. preferred. . . .
Southern Pacific. . . .
Sunt hern Hallway. . .
do. preferred. , . .
St. Paul
Ten 11. Coal Sc Iron. . .
TAxa* Pacific
do. preferred. ,
U h. Steel. . . .
tlo. preferred.
Western Union. .
Wabash
do. preferred.
O [ S
■rr
Id* '
6s
s
ifw’ l n*w”!
6874 tfs-if tSSTii
164 lo%i IMs
1054' 1044 1964
1194
'.j 854
■ 1*374
■ 194
. 43%
8*4 1294 L'S-.ij 129»4|
34' 334! 334 334
94 12D ! H9V 119V
16^
10IV4
! 143*4
‘ Pi
TIPS FLASHED
From Wall Street.
Special to The Georgian
.New York, Sept. 16.—Bartlett, Frasier A
Carrington: Americans In tandem generally
nhoyo parity. New York Central strong and
up '1 point; Heading up 4.
Western*truffle official* do not seem to
he disturbed by report* from the cast of
_ confidence regarding
The pronounced weakness In
* feature Saturday, and
119V 119V
8541 8541 SSVij
964 MV 9.V‘I
I» 41 19 I 19
434: 434! 434j
85'il 844!
154 1541 15*
129*1 .lisijj liii'
lswil liii.I iXi,
the future.
Steel stocks
this helped iiUMCttle the list. The'bnuk
statement was a disappointment, hut, ou
the whole, there wnu 11 more cheerful feel
ing when comparison* with former year*
were matte. The fall In prices timing the
week has been severe In the industrials. The
railroad list also suffered, but In a lesser
degree. Bear pressure on the Industrial*
will probably continue. Itallroml stocks arc
better supported ami many Investors arc
taking these stocks out of the market. Ir
regularity Is expected in ear5.» Lading.
Town Toph-s; .lust before tbo bear drive
last week we advised the
hh! rails ou all sharp
EARLY MOVEMENTS
WERE CONFLICTING
Volume of Business Was
Moderate in Prominent
Issues.
SOME GAINS SHOWN*
ii«k
Soil
Total sales today 682.490 shnres.
NEWYORK.
The following Is the range In cotton fu-
turn* In New York today;
Sept IJ unit 1.16(1 l.ltij Ilf J6| 11.96-11‘
<k..< in -jr. 11 -i' it o-rin n-»In rr>jrt
Oct.
Nov..
Dec..
Jail..
US}
.ill.:
.11.-1
fl*
TT.38IH.26 11.26 li.W-lo.TOTBy
11.47)11.09 11.1611.16-17111JM0
Closed steady.
11.62 11.25 11.32
11.67 11.67 11.67
11.72111.32 11.40
11.32-33111.77-78
11.36-38:11.81-82
11.39-40111.85-86
LIVERPOOL.
Following It tbe opening range. 2 p. m
and close, compared with vetterday'e dose
Futures opened quiet and steady.
Opening Prevb#..*
Unnge. 2 p.m. Close. Clou*
September... 6.46 -6.464
Sept.-Oct.... 6.34 -6.35 I ... J
Oct.-Nov.... 6.29 6.884 6.274 6.20
Nov.-Dec.... 6.27 -6.25 6.21 6.16
lltw.-Jliu.... 6.93 -6.234 6.224 6.1Its 6.8*4
6.23 -6.234 6.214 6.11 0.324
Feb.-March.. 6.22 -6.21 6.22 6.144
Mnrch-Aprll. 6.23 -6.25 .... 6.154
Aprll-May... 6.23 -6.224 6.23 6.16
Mny-Jnne... 6.24 -6,254 6.234
6.434
6>4
6.33
6.334
6.334
Closed weak and unsettled.
NEW ORLEANS. '
The following Is the rnnjto In cotton fu
nre* In New Orleans today;
2 g
r.2
slit
Closed very steady.
11.90 lf.53jll.53 11.50 j 11.84
U.IM1II.I6 11.29 11.28 29ill.«l-«
11.25 '11.80
11.53* II. 13! 11.25111.21-25; 11.69-6
11.55 j 11.13i 11.26 11.25-26111.60-6
1 ! 11.26 11.61
11 64 11.29 11.36 H.39-40 11.73-1
! ! 11.42 111.76
lJ.45-47iJJ.79
NOTES ON GRAIN
Pointers ou Provisions.
Chicago Record-Herald: From estimates
secured almost exclusively from Its own
correspondents, the Hally Trade Bulletin
presents an estimate that the total wheat
crop of the three northwestern State* Is
171.000.000 bushels, of which 40.000.000 bushels
;re durum. The figures In detail, which
Include eotnhlued yield per acre of spring
and durum, were:
- Durum or Spring Total
Mnenronl. Wheat. •Bushels.
Minnesota 10.000.000 51.IXW.000 61.000,000
S. Dakota 12.000,000 31.000,030 43.000.000
N. Dakota 18,003.000 49.000,000 67.0(30,000
toe*. 2 pounds.
_ , . case: 8 pounds, $2.25;
beau*. $2.33; Lima henna. 64c; lw»st
matches per gross. $1-66: macaroni, 64{?7c
pound; •sardine*, mustnrd. 13.25 case.
SUGAR—Standard granulated 5.20; New
York refined. 4-90; plantation. 5c.
COFFEE—Roasted, Arlmckles, $16.00; bulk
In bag* and barrels. 1?c; green. ll©12c.
Shred«led biscuit. $5.00 case; No. 2. rolled
oats, $3.25 case; sack grits. 96-pound bag*.
$1.35; oysters, full weight, $2.00 case; light
weight, $1.10 case; pepper, 18c |N>und; bak
ing powder, $5.00 case: rod salmon, $5.00
case: plnlt salmon. $4.25 case; cocoa, 40c;
chocolate. 33c; snuff, 1-pound Jars. 48c; roast
beef. $2.60 case; syrup (New Orleans), $5c
gallon; corn, SOe gallon; Cuba potash. $3.25
<63.80 cose; peanuts. 8c; rope, 4-ply cotto.fi,
18c; soap, $1.5004.00 case.
FLOUR AND GRAIN.
FLOUR—Highest patent. $5.75; best pat
ent. $5.25; standard patent. $4.75; hnlf pat
ent. $4.65; spring wheat patent. $6.00.
CORN—No. 2 white 8Uy, choice white, 85c;
No. 2 yellow. S2c; mixed. 81c; cracked corn
per bushel. 85c.
CHICKEN FEED—Fifty-pound sacks. $1;
Funlft chfck feed. $2.00: Victor feed. $1.50.
OATS—No. 2 white. C8c; No. 3 mixed. 66c;
Golden oats. 6oe; white clipped. 70c; fancy
white dipped. 72c.
MEAL—I'lahH. per 96-pooml sacks, 80c: 48-
pound sacks. 82c; plain, 24-|>ound socks, 83c;
tf YlAY—Timothy, choice large bales. $1.S5;
do., choice small hales, $1.36; No. 1, on*
third bales. $1.39; Np. 2 one thlrd hales,
$1.20; choice prairie, $1.00; Bermuda. $1.00.
SHORTS’—Choice white, 91.70; faucy. $1.65;
brown (80 to 100 pounds). $1.60; bran. $1.4".
COTTON SEED MEAL—Prime per ton,
$26.50; No. 2 pr? ton,. $24.00; bulla per tou,
$12.50.
PROVISIONS.
PROVISIONS’—Supreme hams. 154c; bel
lies. 2>Vfi25 pounds average 104; fat lucks,
8.20; Supreme lard. 104. Purity coni|M)uud,
‘ California ham*. Me; dry salt ribs, 0.20.
FISH.
FISH—Bream. 70c pound; snapper. 10c
pound; trout. 8c pound; blue fish. 7c pound;
potnpnno, 23c pound: mnckerel, 124c pound;
mixed fish. 6c pound; fresh water trout, 8c.
BAGGING AND TIES.
BAGGING—1% lb.. 104c; 2 !»*.. lie; 24 lb.,
?*; re-rolled iseei»nd hand), 74c.
TIES—New $1.15 bunch, secoud-band $1.05.
spots
COTTON SITUATION IN EGYPT
FAST REACHING A CRISIS.
New York. Sept. 16.—According to The
Lnidoii Times, the dislocation of the credit
III 11 cry ntHMcd liy the ^Egyptian fall-
vl!l
Egyptian cotton
extent
result III
lielug tlunueeU
than usual on a cash basis.
'I'tent lii«Tea*e in the d«'inand on r.ondou
erdgu*. in rlie onlluttrr course of btisl-
a*’**, the idauters would have reeelved
alKHit $20,000,000 ou the signing of the con-
tiaets for the new crop, hut thus far the
pnrehases have been much less than tHiinl.
n»e normal shlpuient of 100.000 bales of
• *o pounds efleh monthly, requires a Isn’t
MT.ftJo.non. The Times says:
** rhe shippers of cotton appear to be try
a cap has been made In n'-r?ptanee fa
cilities. the strongest neeeptnnce bouse* nre
naturally unwilling to till It.”
The Egyptian situation, therefore. Is fast
reaching a crisis. The planter will suf
fer In holding Ills cotton for some time
to come, but the splinter must consider
the effect of delay of weeks or even
months In the delivery of the staple at
such points a* Boston. St. Petersburg and
Yokohama. Tills Is Interesting to the long
staple cotton growers of tho Notith.
The Frankfort Fluanv. Herald professes
Ignorance of the ultimafe destination of
the gold recently shipped from New York
•*l»y way of Germany. r but It Is Increasing^
iv prohitbli
to supply n drain of gold to Egypt.
According to an Alexandria correspondent
of The Mai»eh«*ster Guardian, the whole
banking system appears to have worked
Itself loose from the cotton market which
has simplified It* own transactions by deal
lug directly through the warehousemen.
No doubt, bills of lading can he easily
negotiated against actual Hlilpnn
the gap to which The Times
pear* to be widening.
Swift A- t’o.’s sales of fresh beef In At
lanta for the week ending Saturday, hbp-
teinber 14. averaged 6.36c per pouud.
Total 49.000.000 131.090,000 171,000,000
The estimate Is the second largest yet Is
sued. The Van Dusen report, recently Is
sued. was 180,000,000 bushels. Including 30.-
000.000 bushels durum, and the government
•rcentnges Indicated 166.00Q.I
be Armour Grain Company
..'fitly published, wns tnttch lower than any
other—138.010,000 bushels. The estimated nli-
ntml requirement of 525 flour mills of tne
Northwest under a good coiulltlun of trade
Is estimated by the Northwestern Miller nt
150,000,000 bushels, and seeding requirements
of the three states nre 20.00O.000 bushels,
thus Indicating that the total crop Is Just
about even with tho home requirements
and leaving no wheat for export or ship
ment to mills outside of those state*. A*
the milling conditions nre very good and
there Is of course a more or less steady
shipping and export trade for spring wheat
the quantity withdrawn In the shape of
spring mid durum wheat will have to l»e
made tip In Importations of wheat from
othe** states.
Premier H. I*. Roblln, of Mnnltoho, says:
”1 have Just received the following from
Winnipeg, which, I fear, Is too true: ‘Think
70 per cent of wheat territories will l»c
badly fronted. Have hnd severe frost*
there tbe lust two nights. Should say nltout
f) per cent of northern Manitoba badly
rrosted. Have had some cars Inspected
front southern' Manitoba and nil show tome
frost, grading Nos. 2 amt 3 northern. Do
not look for over 25.000.090 bushels No. 2
northern or better, balance No. 3 northern
to chicken feed. That condition Is tbe
figure It out at the present tlm
less this weather Improves quickly
tlons will be even worse than this. Taking
everything Into conuhlerntlon up to Hie pres
ent time, do Dot look for over 65,000,000
bushels, probably 70,900,000 bushels at out
side. Can not find any export business to
hut bits of Inquiry.* ,r
h Improvement was seen yesterday In
the export wheat trade. The foreign de
mand was centering largely mi winter wheat
ami there was a disposition to take the soft
winter wheat where the hard was not avail
able. A big bmdiies* was done nt Kansas
City niul at the gulf, r.nd It would hav
lieen larger If the ear situation hnd been
easier and the exporters of the Houthwest
hnd not been tied up to some extent by
large previous sales. This situation threw
much of the demand toward Chicago. There
were sales of 420,030 bushels bash wheat
here, of which the great bulk was of No. ‘
CORN AND OATS WEAKi
LOWED AT OPENING
Wheat Opened Higher and
Increased Advance Dur
ing Morning.
Chicago. Sept. 16.—Decline
registered In the corn n»nrl._.
4G4e lower and wheat w
f %GU
any. Oats
He higher
in sympathy with the strength abroad
weather wns warmer In all direction
more, favorable for finishing of crops a
ns harvesting of same. The strength
•ell
win at abroad was on unfavorable reports
from both the American nnd Canadian
northwest, eatisiug
of the shorts.
Wheat *M!4o higher, corn off 4mid
oats were 4c up to 74c off. iTovfsbi
ed i’4« better.
CHICAGO GRAIN MARKET.
yesterday’s close
Previous
Open- High. Low. Close. Close
8ept..,,
quantity of No. 2 rod winter wn* sold and
a Idd for 3)0.000 bushels Were of No. 2 red
winter came within 4<’ of the seller's view.
Quite a quantity of wheat Is lielng loaded
out now that hnd previously been sold for
shipment East. Vessel Interests reported
400,090 bushels loading and loaded yesterday.
New York reported the sale of 06.000 bushels
rye yesterday for export nt the highest
price on the crop.
cfers np
HAYWARD, VICK & CLARK,
COTTON, 8TOCK8, BONOS, COFFEE, ORAIN AND PROVISIONS.
Carondel.t and Gravfrr Sta., Naw Orl»ar.«.
MEMBERS:
fef K;V^?»C. ( «.a A,,a
*>• Vo* .ml Chlrn*,, Corr-ipoml-nl.:
J. 6. BACKE & CO.. AND BARTLETT. FRAZIER * CARHIN3T0N,
PRIVATE WIRES TO ALL POINTIL
TRADE ON STAPLE COTTONS
BECOMING MORE ACTIVE.
New York Commercial: In an effort to
get the latest styles In the market dress
goods buyers representing the Interests of
the Jobbing trade of the flouth nnd West
nre In town nnd they nre having considera
ble trouble In locatl ig stocks available
spot delivery. The call for th$ dress fabrics
In neat fancy worsted and fancy woolen
Is liedomlng strong In the retail
trade and this Is bringing Jobbers luto the
first hand market to supplement their ear
lier order*. At the time of placing business
for the fall and winter many of the largest
1 were undecided as to how the col-
..mild sell. It Is now seen that high
color fabrics nre In strong demand tit broad
cloths and all smooth-fared fabrics, and
there Is a reorder business cumliig In on
these good*. The market for staple cotton*
Ftidny was active by comparison with tin 1
earlier day* of the week. MevernI of the
entters-up who have been !u*tbe market t<*
get drills and shirtings nr under price* havi
changed front and are taking goods for dr
livery within tlir«>e to four mouth* nt th<
sellers' term*. Throughout the market for
staples lu cottou* prices hold firm u
moderate volume of forward buying. Tbe
members of the flllk Association of America
have decided not to act upon the suggestion
of the foreign raw silk buyers of Yokohama
and ls>yeott certain re-reels a* requested,
lu the jobbing market there Is sit excellent
business pussing and the store trade Is tbe
largest that has been Invoked In many years
Dec....
May....
loHK-
Sept
Oct
Jan... 15.59
I.AltU-
Mept
Oct... 9.02*4
Jan
II l IIS—
Sept
95
984
1944
93'4
99%
105%
m
1044
~59
564
&7*
an
574
59
5574
6674
’ 5274
53*4
61%
53
5274
H
944
99
1047*
63*4
66 S.
574
91*4
9844
104*4
WEATHER REPORT.
WEATHER CONDiTIONS.
The pressure continues stave
te eastern talf of the countn
■st In North Carolina and Virginia.
* - —. The
pressure decreases to Uie west with a low
area central on the const of Oregon. Cloud
iness prevails this morning over the major
portion of the cotton belt, the Missouri and
upper Mississippi valleys nnd the northwest.
Knln has fallen in the Inst 24 hours In the
south Atlantic mid gulf const regions, In
the north-central states nnd nt n few scat-
tered stations elsewhere. The tempera tin es
show 110 marked changes for the past two
Threatening w
showers tonight . .
peeled lu this vicinity.
S a,,. -----■■H,- Extended to Over Point in
reactions. U’e have l»een repeating"!be" 11'^ Noi'UlCm Pacific—At(*hl-
vice dally nud still do so. except that now It A 1 tUi A 111 ALU11
would be well to take the long side ou even
moderate reactions lu such Issues as the
Hills and Hiirrlmans. St. Paul, Atchison,
Heading. Delaware, l'ennH.vIvmila. North
western. Bull (more and Ohio, Louisville nnd
Atlantic Coast Line. Hcurwed bear pres
sure Is likely on the flteel. Copper and
Smelting stocks, but such attacks will only
furnish tatter opportunity to buy Hie rail*.
son Point Lower.
3 per cent seml-nniiunl dividend. The wls
dom of this may l*e doubted, but the event
will prove a source of Increased bullish en
thusiasm ns regards the railroad list, and
add to the growing feeling In Investment
elrcb* that the time has come when pur-
ehnses In this department may be made
with every renn " '
the practical c«
fore long.
The money market «wltl from ....
fleet heavy government de|»o*lt*. Monetary
conditions nre already strong, hor
when such transactions a* the Culp
eifle convertible bond payment, that
pan.v’s payment to I'ennsylvnnla on account
of the Baltimore stock purchase, the Jap
anese bond redemption, the city bond Is
sue arrangements and other syndicate activ
ities Involving In the aggregate hundreds of
millions of dollars, can la* miecessf
rled through In one season's time
innrkef disturbance In rates.
We do not regard either cotton or the
grains ns attractive purchases nt. these
levels, and would not hesitate to sell the
former on nil bulges.
Americana are easy In the London mar
ket.
THE LONDON STOCK MARKET.
HTDCKfl—
Anaconda
Atchison
do. preferred ..
Amalgamated Copper
DnitlunflV and Ohio
Canadian Pacific
hesnpeake mid Ohio .. .
Erie
do. preferred
Illinois Ceutral
LouIkvIIIc and Nashville .
Kansas and Texas .. ,.
prefci
COTTON REGION BULLETIN.
For the 24 bears ending nt k a. m.. 75tb
Mexican Central
New York Central
Great Western
'etinsylvmila
Ontario and Western .. ..
Northern Pacific
Philadelphia utid Heading .
Hock Island
Southern Pacific ..
Houtheru Hallway
do. preferred
flt. Paul
Union Pacific
United States Steel
do. preferred
Wabash preferred
New York. Sept. 16.—Everything that hap- :
pencil lu this morning'* denting* confirmed
the analysis of the mnrket made in Inst
week’s close, nmueiy, that certain indus
trials were bdng used nt* a club In the at
tempt to make conditions easier for covers
lug in the rest of the list. There was no
cue to the tendency of prices In the early
London trading. American stocks were Ir
regular. mul foreign houses have orders on
Loth sides of the nccouuL, The oneulng-
here was strong, but this wns quickly fid-
lowed by a renewnl of pressure upon the
I tilted fltntes flteel stocks, under which
the common went down 4 point nnd the
preferred l point below the lowest of Hat-
(inter. The motive for this selling move
ment wn* transparent.
While it was In progress tbe leading rail
road Issues broke somewhat sharply, hut
the actual volume of business on the de
cline was exceedingly small and no hold
ings of any couseiiueuce were dislodged.
The t-nld on the H'teel shares failed alto
gether of Its purpose lit permitting short
contracts to. he covered.In other d!rertiou*,>
and prices were hid up rapidly for a time,
the Northern Pacific and Union Pacllte
stocks being especially favored In the buy
ing. At the higher level the mnrket lie-
quiet and yielded generally front the
Its -Impression on sentiment,
('losing bids follow:
Railway Stocks.
. v. v.:: SL
v. .7 rj%
Baltimore mid Ohio.,
Canadian Pacific.. ..
Chicago and Northwestern..
Colorado floiitherh
Denver and Klo Grande,. ..
Erie.. .. ,, ,, ,, ,, ,, -jh
Louisville nml Nashville Iu9
Manhattan L.. ***
,.11S.
.... 15.374
15.474
15.474 16.5)
15.35
15.45
15.45
8.C24
LIVERPOOL GRAIN
Wheat opened \%it\ higher
p. in. Mj4 higher. Closed 74#HVs higher.
Corn opened 4644 higher and nt 1:39 p.
4 lower. Closed 4IN
VISIBLE SUPPLY GRAIN.
Following shows the weekly visible sup
ply of grain:
Wheilt decrease 1.847,000 bushels.
Corn Increase 840.000 bushel*.
Oats Increase, 796,000 bushels.
ST ATI OHS
Ttmptralart
ATLANTA
Jj
, DismcT.
Mu.
Ml*.
/uiHiitu, cloudy
•('hnttntinogn, clotuly. . . .
Columbus, p. cloudy. . . .
Greenville, cloudy
•Mncon, cloudy
Home, cloudy .
•Hpnrtnnburg, cloudy. . . .
•j’lH-coa. clear
West Point. ciQudy. . . .
S.1
SR
SI
84
Sfl
KR
«)
83
67
68
72
64
70
64
65
65
6!)
”T7!T“
.99
.90
.90
.(IN
.00
.90
.14
.00
•Minimum tcmpernturHi
ending 8 n. m.. this date.
are fur 12
hours
DISWCT AVERAGES.
CIMTKAL
j
Ttmpiutnrt.
ill
Hi
STATION.
III
Mu. 1
Ml*. 2
Aim utii
Augusts
(Twrlcsfon
Galveston
Little Hock
Memphis
Mobile.
Montgomery
New oilcan*
OklnlH.mn
Snvniiiinh
Vicksburg
Wilmington
8
10
4
15
11
13
4
9
10
11
1"
A5
M
82
88
99
K*
86
86 .
90
90
S6
9*)
w
67
66
70
70
66
7.)
70
7"
65
66
70 j
66
.63
.96
.31
.24
T.
.00
r.
.02
.26
T.
.40
.td
.02
_ Indicate .....
yesterday. t2) Fo
24 hours rudlng 8 a. m..
CHICAGO CAR LOT8.
snd estimated receipts for tomorrow ars ni
follows:
Today. Tomo<
Wheat .. „ 246 ......
oru .. 024
Oafs 5)2
Hog*, head 33.000 23,000
LIVE 8T0CK MARKET.
some, especially In the dress fabric* and
cottons, the buying Is of unusual propor
tion*. Tbe orders eouitng III to tbe II. B.
Claflln fo, on American prints are large
ami represent the retail interests of prac-
call the entire country. Wool nod
worsted ynfns ore selling to better advan
tage than they have m-erfooaly this mouth,
ami this Is nttrllHiti-il to the fact that tbe
men s wear and -dress goods manufacturer* Ms
ate more confident ul their spring trails Closed caster.
Chicago, Kept. 16.—Ilog*-nocelpg« 32.000.
Mnrket strong to a shade higher; light $6.20
C6.(3? .pri?y*j.|S-6«ff»6.624.L^ | 9 tv - v *>■ 3^1/6.251
rough 95.304fS.55; pigs •S.SMfO.tO; yorkers $6.60
66.6).
Cattle—Reeelnta $6,000. Market 10c lower;
beeves $467.25; cowi |4.25^6.50; Texas steers
$*,7566: calve* $f>:75|f8: western cattle $4f#6
■tinkers and feeders $2.6065.
Sheep— Receipts 28,030. Market steady; na
tives $3.23-fj5.80; western $3.254#?».85; yearlings
$5.5066.40; lamtia $5ff7.65; western lambs $5
©7.
holding as It now sppenrs on their lioets.
Narrow Print Cloths Wanted
Trading yesterday wn* somewhat heavier
Trading Friday wns somewhat heavier
on narrow print cloth*. The prices that nre
taing asked by large printers for their fin
ished product* make It possible for them
to par prevailing rates for gray goods, nml
they seetn ready to take odd* and regulars
on n basis of l*Ae for regular*. Wide goodji
are In demand for delivery during the next
three to four months on a basis of 74c tor
standards.
COTTON SEED OIL MARKET.
Following Is glvcD the opening nml clos
lag quotations uf tbe New York cottcn seed
oil market.
Opening. Closing.
Beptemtar 51 65.»4 64*46544
Oetnlwr
November 4146454
fiereuttor. ....... 4J
January.
i5tb iiierldlou time.
milmiMirtniit. Itnlnfnll
•d lu nearly nil districts, taring gener
ally light
WEATHER FORECAST.
Washington, flept. 16.—Weather condition*
and general forecast:
('oiidltlons are unsettled over the north
ern tier of state.*, with a shallow low area
over Wisconsin and upper Michigan and a
decided one on the nortn I’nclflc const with
a broad ridge of moderately high nre*
between. The coiidltloiis have resulted In
geuerul showers from the upper lake region
westward to the coast ami showers con
tinued In the south Atlantic mid gulf states.
Elsewhere tjle weather wns fair.
Temperatures as a rule have risen and are
quite high (11 the central valleys, tbe lak^
region and New England.
The weather will be unsettled tonight and
Tuesday lu the lower lake region, the south
Atlantic nnd cast gulf states, with local
showers. In th» middle Atlantic states It
will he mostly fair.
Temperatures will change but little.
Forecast until 8 1*. in. Tuesday:
Virginia—Fair tonight; wnruier lu the ex.
trenic southwest |*ortion; Tuesday pnrtly
loialy: light soutlie.iHt to smith wlmis.
North Carolina—Fslr tonight nnd Tups-
light to fresh easterly winds.
Ill Carolina, Gooruin nud Eastern Flor-
1 tied weather with is<-aslonal
milgbt or Tuesilay; light to fresh
ast to iiorfhenst winds.
Western Florida. Alabama nnd Missis
sippi— Unsettled' weather with occasional
1 tonight or 'J'uesdny; light to rresb
east to northeast winds; |H>s*ibly increasing
on the coast.
Kentucky mid Tennessee—Fair except pos
sibly local showers tonight or Tuesday.
LonlsMmt—J4fiowers tonight mul Tuesday;
fresh northeasterly winds on the const.
Eastern Texas—Showers In eastern, fair
1 western imrtlon tonight mid Tuesday;
fresh southerly winds on the c«HUt.
Western Texas. Oklahoma. I'ldlmi Terri
»rv ami Arkansas— Fair tonight and Tuvs-
lay.
NEW YORK COFFEE MARKET.
Til- following ileiirr. Kir, the nptnlni
inn and rlnw of th. New York i-olTn
nrket for today:
Opening
Unnge.
. .6.15 6.29
Jannary
February
March
April
May
June
July
August
fleptember
October
November
December
Closed steady.
..6.156.25
. .6.35-6.49
. .6.35-6,45
..6.40-6.45
..5.96-6.00
. .5.96-6.09
..6.00-6.06
..6.00 6.06
..6.19-6.15
Close.
6.15 6.20
6.20 6.25
6.25 6.30
6.39-6.35
6.354.40
6.40 6.50
6.49 6.50
6.45 6.69
5.90-5.96
5.9a 5.1-5
6.00-6.06
fi.l0f.15
BANK STOCKS.
Central Bank & Trust
Union Savinga, Lowry
Nationairi’rioes on ap
plication.
HILLVEE INVESTMENT CO.,
Bond 0,p't. EngliiH-American Bldg.
.Missouri I'nclfic 694
New York Central lOUi
Uennsylvnnlii llfix.
Bending gf,
Koek Island is
Bock lain ltd preferred
St. Until
Southern Pacific
Union Pacific..
Iiitertairnugh-Mctropnlltnn
lutcrborougli MctHqmlltnn pfd.. .
Great Northern
M-tcollaneous.
Anmlgamnted ('upper
American Car and Foundry ..
American Locomotive
America 11 Tobacco
American Cotton Oil
American Smelting and Befitting .
do. preferred
Brooklyn Hnphl Transit
Colorado Fuel and Iron
National Lend
Feojrii *
United.
do, preferred
Western Union 77
Virginia-Carolina Cheintenl $0*4
MONEY AND EXCHANGE.
New York, flept. 16.—Money 011 call 1*4
(>t44: time lonus unchanged; sixty day*
54; ninety dnys 674®6; six month*. 6 per
cent.
Posted rates: Sterling exchange $4.$24
*14.864, with actual buslnea* In tankers’
bill* nt I4.8530fi4.8535 for demand and for
demand nt $4tor *lxtr <J*.r bills.
Prime mercantile paper unchanged.
London bar silver steady nt M6d advance
nt 31 %d. New York tar silver 67%c.
Mexican dollars 62%c.
THE METAL MARKET.
New York, flept. 16.—Weakness wns shown
at the lornl metnl exchange today.
Copper was off 4*-
Spelter down 13 points.
Lead heavy.
Tin firmer; up 1c In Irid and %c In tho
asking price.
v.:: 2?
.. ..1264
.. .. 58*4
v. ::B-
.. .. $0
.. .. 32
«:■*
J
4%1 UNION 4
SAVINGS BANK
Oould Building
CAPITAL STOCK . . . *100,000.00
RESOURCE*
*2 50,000.0 0
4%
day;
Koui
Ida—*
NAVAL STORES.
postal fo The Georgian.
Savannah, flept. 16.—Turpentine firm at
_jiik|&2: sales. 49; teeelpt*. 73t*.
|4I% Bosiii firm: sale*. 1.650; receipt*. 1.850;
.. I/41U Wlmlotv glass. 96.1/>ffd.2S; nnter white. $6.9fi,’i
40 , ,{#4I 41 #414 I M. $5.<*: N. $5.45: K. $5.25; I. $440; II. $4.0); I
404641*4 ta (*. $4-5064.55; F. $1.45*4.50; E, $4.i5; D,
aster. Miles 2,909 tarrtri*. $3.16; C B A. $3.5).
N.w York. Boston. Chicago. Wathlngton. Phll.d.lphl*
Baltimore. Atlanta. New Or lean,. San Franclico. London.
Ths Americah Audit Compahy,
100 Broadway, New York City.
F. W. LAFRENTZ, C. F A., Prefc Q. E. MANWARING, Vico Pr,fc
THEO COCHEU, JR., Secretary.
The American Audit Company, chartered under toe laws o( Now York.
Is empowered to examine tbe affaire oI, and make report, upon the finan
cial condition of prt.ate and public concern* for directors, officer* and In
dividual,. Tbe preparation and Installing of systems a specialty.
ATLANTA BRA.fCH. 101G-1016-1017-1018 FOURTH NAT’L BANK BLDO..
C. B. BID WELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdlt, New York.
L. H. Fairchild. Established 1883. 8. J. Whit*
L. H. FAIRCHILD & COMPANY,
NEW ORLEAN8.
filembar*;
New Orleans Cotton Exchxngt. Now York Coffee Exchange
New York Cottou exchange. New Orleans Board of Trade.
Yew Orleans Stock Exchange. Chicago Board of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wire* to NEW YORK tod CUICAGO. Order* aolldted for futnre dtue*
*i 7 on abort Exchange* IS. C. COTIIBAN.
FRANK HAWKINS, President. •
II. M. ATKINSON. Vice-President. THOMAS C. ERWIN. Caehler.
JOSEPH A. M'CORD. Vlce-Preeldent U. W. BYKHS, Assistant Cashier.
Third National Bank
Capita! - - - - $200,000.00
Surplus and Profits $400,000.00
Dll. A. W. CAf.ltOUif.
MILTON DAIIUAN,
JOHN W. GItANT.
II. Y. M’COltD.
FitANIC HAWKINS,
U. M. ATKINSON,
JOSKPII A. M’CORD.
J. It. NUNNAIAY.
J. CARROLL IAY2C&
K. B. ROK8RB.
DAVID WOODWARD.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS, AUDITORS AND BANK EXAMINERS.
Audits, Special Examination,. Costing and Syit.matirfng.
EMPIRE BUILDING. ATLANTA, GA.