Newspaper Page Text
V
AX1X< Al.Liilat l-A UJ^UXIUIAIN AiNJJ INHiVVC.
SPOT iK LIVERPOOL
Futures Markets Follow
Downward Trend of the
Raw Material.
LOWER IN NEW YORK
Trade Dull—Short Covering
Caused a Rally About
Midday.
New York. Rent. 19.—Uader the Influence
nf weak cable* from I.lveriiool the local cot
ton market opened easy- Hie depression In
the English market, according to private
mldes, wus due to a smaller demand for
the Spot article. After the call price*
turned steadier, advancing about 7 points,
innluly on leant that au area of low pres
sure now off the southern Florida const
might develop Into a tropical storm.
I .a ter the market sold off 1«3 point* ta-
low the low point* yesterday, to he fol
lowed by a sharp advance on nredlctfoua
of wet wenther over the licit on Friday.
The late advance was well held tip to
the close, wjilch was sternly net 8 to 9
points ntave thu flnnl quotations of Wed
nesday.
Estimated receipts Friday:
1907. 1906.
>>w Orlenna 700 to 1,800 4.893
Galveston 5.000 to 5.500 15,471
Houston .5,100 to 5,500 14.411
DECLINE IN COTTON
CAUSES HEAVY LOSS
<
Conditions Gonerallv Were
Against the Sudden
Collapse.
FARMER CAN CHECK IT
Refusal to Sell His Cotton at
Prices Would Cripple
Speculator.
8POT COTTON MARKET.
ilia, quiet. lUiuiiiiiiK ll/t.
York, quiet; middling 12.25.
New Orleans, firm; middling 117,.
Augusta. Ilrm; middling 11 11-16.
vniinnh, steady; middling Ilf*.
Norfolk, nominal: middling 12%.
Wilmington, nominal; middling 11*4.
Hn;t(more, nominal: middling 13.
Boston. quiet; middling 12.20.
Philadelphia, steady: middling 12.50.
Houston, steady; middling 12c.
Memphis, steady; middling 12*4-
riuclnnatl, imiiilonI.
St. Louis. quiet; middling 12*4.
TODAY’S PORT RECEIPTS.
The following table shows recelpta at tks
New Orleans
Halve*ton ..
Mobile
Savannah .. .
charleston ..
Wilmington .
Norfolk .. ..
Huston
Total
1.0317
1,793
2.293
7.633
1,045
2.130
HAYWARD. VICK A CLARK’S -
DAILY COTTON LETTER.
New Orleans. Sept. 19.—The weather
map this morning showed no further
storm developments and this led to re
selling of Jong cotton taken on for the
occasion yesterday and a decline of 10
points In the market. Dullish enter
prise Is cowed by recent reverses, and
there Is no opposition to bearish efforts
at all. A rcuctlon. If any, must come
from short covering either In futures
or actual cotton. On the other hand,
declines In futures now represent an
increase In speculative short lines. Un
favorable financial conditions, money
scarce and at a very high rate Inter
est. even for legitimate, regular busi
ness In actual cotton, are likewise
hampering the expression of nny bull
ish disposition that develops from time
to time. The market recovered on
publication of the government weather
forecasts promlalng showers through
out the belt. A spell of bad weather to
check the movement and retard mar
keting would be the readiest salvation
from bearish control of the market.
There Is more spot Inquiry here, hut
so far little business. Our advices
from Texas are quite emphatic that
holders are not now meeting the oo-
dlne. Trading In futures continued
very quiet throughout the forenoon,
with professionals apparently waiting
for developments In New York. Hhould
the rain materialise In Texas over
night, short covering over the week
end may be Induced.
New York. Sept. 19.—Bartlett. Fra
zfer * Farrington: Uotton lost ground
at the opening today. There was an
early decline In Liverpool and a later
rally, hut foreigners sold In our mar
ket and some short selling here caused
the weaker opening. January sold at
11.25. December 11.20 and March 11.39.
Americuns were sellers In the Knglish
market, and It was thought this repre
sented straddle business. There was
no sign of the climatic disturbances
talked of yesterday. Predictions for
cloudy and showery weather held the
market firm later In the morning ses
sion, hut there was very little business
and room traders generally were bear
ish. Rallies of 10 points were scored
at about the n«x>n hour on short cov
ering. We favor the selling side fln
the bulges, barring severe climatic dis
turbances. We believe lower prices will
prevail In the near future.
THE SUGAR MARKET.
New York, kept. 19.—The domestic refined
lgnr market today was steady nnd tin-
imaged with nil refineries doing business
ii the basis of 4.90e net. less 10 per reqt
>r cash, for fine granulated. The local
»w sugar market Pslny was steady. The
oinloii tact sugar market was steady, with
eptember at 9* 105fcd and October at 10s 5*1.
THE METAL MARKET.
N'-W York. Sept. t9.-At the motnl ex ;
change today extreme dullness prevailed
•md prices continued heavy.
•upper W** unchanged, while (In develop-
p, l an easier tone, due to the reaction In
Joe foreign market. Spot ami near by de
liveries were off fie.
Lead was down 5 points.
NAVAL STORES.
kbeelnl to The Georgian.
. .Savannah. Sept, 19.—Turpentine firm «t
• -H: sales 85; reeelpts 314.
Rosin firm: sales 2.343; receipt* 2.406; win-
•low glass 16.05: water white $5.90: M 43.75;
* f®.35: K 15.20; I S4.7Sffr4.tf6; 1! $4,554*4.00;
«JM8g4.»; F $4.4404.50; K H 20^ 4.30; D
tt.9003.16; C II A f3.7S03.l6.
hollowing are extracts from a circular
letter, published lu The Tluies-Ueuiocrat, of
W. II. Thomson a Co., cottou factors, New
Orleans:
*Ou Saturday, September 7. October fu
tures closed at 12.7<. Mlddlug spots were
quoted lit 13 9-16. On Monday morning, the
9th. nt 9 o clock, the ceusus report or the
number of bales of new cotton ginned to
September 1 was published. These figure*
were 191,410 bales, or loss than ouu-httlf
the figures of September 1, 1900. The mar
ket broke Wiic 10 points. At 10 o’clock,
the' bureau gave out Its estimate of the
comlithm of the crop on August 25. These
figures, 72.7, considering the backwardness
of the crop, showed tue lowest condition
In many years. Immediately upon the read
ing of this estimate the market w.is siiiotli
••red with offers to sell, and upou the pru
text that these reports made Important
revelations not hitherto known and appre
ciated, a sensational decline was Inaugu
rated which continued with uiilui|Mirtuiit
Interruption uutll Saturday, the 14th In
stant. October sold as low us 11.54, and
filially closed at 11.64. (Spots were quoted
at 13c m.mInal.
Money Lott 8triout.
"A decline of $6 per bale within less than
a week represeuts a serious money loss,
but the fact that value could ta thus anni
hilated without auy Just reasonable cause
Is a consideration of graver importance.
A mnit may waste his property, or lose
It through Ignorance or mtstnkcti Judgment,
uad the pecuniary loss covers the injury.
When one's property is taken from him
by unexpected assault, he loses not only
his property, but his rights. It Is. there
fore, of the first Importance that the
ugeiujf JnflietJug such u ham In* discovered
and fits* remedy for the wrong be found aud
applied.
"What momentous change transpired on
the inorniug of the 9th to upset accepted
Ideas »»r value with which tatj» producer
aud consumer were content'/
"The ghiticrs* report was not radical. It
was meaningless. The condition report of
72.7 on August 25, while slightly above the
figure circulated by luterested persons at
the probable average, was lower than thu
teu-ycnr average for the corresponding date,
and, therefore, dangerously low, lower by
2.2 points than the lowest July eoudltlou
In ten years, and 18.9 below the July con
dition of 13«>4. the year In which 13.500.000
bale* was made on 31.780,000 acres. Condi
tions generally were against a decline. Look
ns critically a* we may. we cun find no
germane weakness that would nccount for
the sudden collapse of the market. We
must look for some outside agency.
It l> Easily Found.
The stomp wn* the result of a premedi
tated attack aud persistent onslaught by a
party of New York operators backed by
ample capital and prestige In speculation.
The assault was well timed. It was not
resisted; It could not lie resisted. New
York was the active aggressive ngent In
the selling. Llvcr|>oo!. influenced by selling
orders from New York and her own Inter
est, ns the spinners’ market, offered no
helping hand. New* Orleans could make no
effective dc/cuse heroins* her forces hftd
been depleted, ffowever willing the local
operators tuny have been and were to strike,
ns they have struck Indore, a blow for cot
ton, they knew that they could not sustain
the market without the sup)>ort of the
great Southern public, snd this support they
did not have. We hold no commission to
pass judgment ii|hiii tile ethical question
involved In the buying and selling of fu
ture contracts. Kadi trailing may la*
wrong, or may ta right. according to the
viewpoint of the Individual. Nor do we
undertake to nils* Judgment upon the wis
dom or unwisdom of the radical legislation
of the several states against trading In fu
ture contracts. Time will speak to tatter
effect than argument. We are dealing with
the fnct* that grow out of these develop
ments. The present Interesting faet is that
such legislation tins curtailed the Ituylug
power of the South, nnd. III so doing, hns
deprived the producer or cotton uml Its
friends of the only force that ran success
fully resist unrestrained selling, snd save
him from such n raid as the one from
which he has Just suffered.
Futures Heavily Sold.
"In order to break the market 113 points
within less than a week 111 spite of the
fact that every legitimate Influence was
against such n decline. It has been neces
sary to sell a tremendous lot of cotton
tlmt Is not In possession nor yet taught.
These short contracts are still open and
the market Is largely oversold. 11 rent prof
its on these contracts may l»e figured ou
paper, but these profits are unrealised as
yet. In order that the profit* may Ihj
realised, the contract nuist he liquidated—
that In. the seller must either buy tack bis
contracts or Ih* able to buy the equivalent
in s|M>t cotton on the basis of the contract
Edited by
Joseph B. Lively.
MARKETS
1 IL
Mr. Lively’■ twenty-five
years' experience of ed
iting markets lo Atlanta
and the South has made
hltn n recognized au
thority In hie specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Auial. Copper. » . . .
Am. Ice Securities. ..
Am. Sugar Refinery. .
American Smelting. .
Am. Locomtlve. . , .
do. preferred. . .,
Am. Car Foundry. . .
American Cotton OIL .
Anaconda
Atchison
do. preferred.
Baltimore X Ohio. . .
Chesapeake A Ohio . ,
Canadian Pacific. . . .
Chicago ft Alton. . . .
Consolidated (lae. . .*
Central leather. . . .
„ do. preferred. . . .
Colorado Fuel & Iron-
Corn Produce
Colorado Southern. ..
Delaware fk llndaon. .
Denver A Hto Grande.
Distillers' Securities. .
General Electric, , . .
Great Western
Great Northern pfd. .
Illinois Central
Interhorn
do. preferred. . . .
Itausa* A Texas. . . .
ft
38* ‘
32H
IS
2*
2'
l'MH
m
!«i
mi
1M
art
M
ss
«%■
• NAME OF 8TOCK.
Kansu* X Texas pM. .
Louisville A Nashville.
Missouri Pacific. . . ,
Mexican Central. . . ,
New York Central. . .
Northwestern
National Lead
Norfolk A Western. . . ,
Northern Pacific. . . . ,
Outario A Western. .. ,
Pennsylvania
Pressed Ateel Car; t ,
Reading
Luck Island
do. prefer red. . . .
Republic Irou A Steel.
do. preferred. . . .
Southern Pacific. . , .
Southern Railway. . .
do. preferred. . . .
St. Paul
Tent). Coal A Iron. . . ,
Tfxns Pacific. ......
Uulou Pacific
L\ K. Rubber. ......
do. preferred. . . . ,
U K. Steel , .
ilo. preferred
Westeru Uulou
Wabash
do. preferred
Wisconsin Central. . . .
do. preferred
in*,
M
m
lii*;
NEWYORK.
The following Is the range In cotton fu-
1
J3*
tt
k
2
11
1 |l*
Kept. . .
Get. . . .11.05111.20
Nov. . . .111.12 11.17
Dee. . . .11.2)11.37
Jan 11.25 11.42
Feb. . . .11.41111.41
Mnreli . . .i| 1.3911.53
April ! !
May . . . .111.45111.00
if.04
11.12
11.18
1L24
11.41
ul
i*L44
iL20
11.12
11.35
11.39
11.41
11.50
1L60
sksx's-itss
iviiiiaSi
mrnm
LIVERPOOL.
. p. 111.
September... 6. . ■ H.
Sept.-Oct.... 6.22 -6.265* 6.2*1
Oct .-Nor 6.16 622 6.23 e.ii
Nov.-Dee.... 6.13 -6.18 6.195* 6.125*
Dec. Jim.... 6.13 -6.165* .... 6.12
Jan.-Feb...s 6.11 -6.155* 6.17 6.1U4
Feb.-Mar.... 0.1156-0.17 *
March-April
April-May
■Mwy-Jnne
Previous
Close. Close.
6.375* 6.42
... 6.11U6.17 6.17 6.12
rll. 6.125**6.17 6.185* 6.13
.. 6.145* 6.16 6.185* 6.135*
... 0.1454-6.1S5* 6.19 6.14
6.205*
6.165*
6.165*
WHEAT DECLINED
Ignored an Advance of a
Cent on Minneapolis
Curb.
OPENED FRACTION OFF
Cereals Were Firm, and
Scored Sharp Advance
in Late Trading.
Chiengo, Kept. 19.—Thu Minneapolis wheat
curb was un 1c this morning, an attempt
to fill up tue Chicago wheat crowd, but
the scheme failed to work, ns prices here
declined right from the start. Decemtar
wheat sold at 99%4i98%. showing a loss of
9**' from yesterday's flnnl figures.
Rains were general and mainly heavy
throughout thu northwest. Frost failed to
materialise In the northwest nnd tempera
tures in the eoru Imft were warm nnd sea
sonable. nnd very little moisture, just the
sort desired for maturing of crops.
Wheat dosed 101 l-8c higher; corn
was up l-2#?-8c; oats gained 1 1-20
l-8c, while provisions lost 10026c.
Grain shorts were heavy buyers,
while liquidation was the order of the
day In hog products.
NEW ORLEANS.
The following Is the range In cotton fn
tnres in New Orleans today:
1 d
l
O
1 i i
3 J t)
II
t 2.
a. ?
Kept. . . .{
Get. . . .111.30
Nov . . . .1
Dee 111.211
Jnn 11.31
Fob I
March. . .(11.45
April. . . .(
Mn.v. . . .111.82
iV.44i’iL» jiVaii
ii3'ii. - 24 ii.37
lL42jll.25|lL4t
1L56 U.40 iL56
lV.52iii!B2!iL52
11.40
11.40-41
11.36
11.37-38
11.40
11.40
11.55-50
11.57
11.62 64
11.42
ll.:t7 38
11.33
11.34
11.36
11.30
11.4951
11.51 ^
11.57-59
Closed steady.
— .
CHICAGO GRAIN MARKET.
'Iilrngo grain and provision quotations
for today are ns follows, compared with
yesterday's close:
Previous
ATLANTA MARKETS.
FRUIT ANoTpROOUCE.
1,1 vc i-wi I.im-»»*u» active. 40042c;
chickens (fresh), 22544»36<*. Ducks (Pekin) 30e
each: puddle. 28c each. Turkeys active, 18c
per pound.
DRESSED POULTRY—Turkeys, drawn,
active. 20o pound; fries active, 2O0225*c lb.:
hens. 16c pouud; ducks, drawn, raucy, 15t
rrannd.
PRODUCE—Lard. !2r pound: hams active,
16c pound; shoulders active. lO/JIlc jiound;
sides ncthe. 11c pouud; butter dull. 100125**
pound: beeswax active, 25c pound; uonuy
"(right) active. !25*c pound.
FRUITS—Lemons* fancy Messcna. 14.50;
Swift A Company’s sales of fresh beef In
Atlnnta for the week ending Saturday,
September 7 average 6.70 per pound,
bananas, 4c Pound; pJnenppes, Florida
stock, none; lime*. Florida stock. 50 per
hundred; peanuts In sacks averaging 100
pounds each, owing to grade. 65998c pound;
nri—. ... .
Octotar contract sold at 12,77 to ta prof
itable It must be possible to liquidate It by
spot cotton bought at 12c* ... the Interior.
All Octotar contract sold nt 12c must find
cotton for sale nt 113m* In the Interior, or
It will not 1(6 profitable. Ail October
contract gold Saturday nt 11.54 can ouly be
liquidated profitably when cotton Is selling
at 10?* lu the Interior.
8pot Holder Holds the Key.
"If the seller of n contract can not buy
spots on this basis ho can not liquidate
Ida contract profitably by spot tender, nml
he will he forced Into the contract market
to Iniy back bis obligation to dellv
spots. When this occurs for the verv rea
son that makes him a buyer, he will tiud
no one willing to sell him a contract. I'lieu
the shorts begin to cover they will encoun
ter not a selling market, hut a buying mar*
ket. That they will have to cover Is lie
evitable, and whether they will cover nt n
profit nr a loss will depeml upon thu spot-
ladder.
"The ladder of *|H>t cotton has the key
to the situation. If he refuses to sell his
cotton for 107* In the interior, then the
short who has sold at 11.54 will la* In dif
ficulties and will be forced to buy tack bis
mtract. If the spot holder refuses to
-II Ills cotton nt 11*4 In the Interior,
jen flic seller of it contract at 12c will be
In trouble, nnd so on up the line."
n want advertisement In The
. omolxsly to do embroidery;
22 women answered It. 30e for n want nd.
and II 40c box of Wiley's candy free.
IHI1II1VI — EH* U, * m **', *'• K* H'lr, •• i■** --- I'vi.i...,
cant a bmiics active, 11.2501.50 crate; water
melons. 8010c cftch; Georgia peaches, 11.500
* 75 per crate; rhubarb, <oc.
, VEGETABLES—Potatoes (new). $3.00 i*t
Imirel; per bushel. $1.00. Onions (Georglsk
80090c bushel; Spanish. $1.28 crate; kraut, 5*
barrel, 13.75; cabbage. 2c puuud.
GROCERIES.
RICE-Jap. MfSHc; head. 007c; fancy
head. 7fii7‘*c. affording to the grade.
rilEESE—Fancy full cream 165*c; Geo rain
cane srrnp, 37c gallon; salt. 100 pounds. 5Pc*.
axle grease, $1.78; soda crackers, 65*c pound;
lemon. 8c: oyster, 7c; barrel candy, per
pound, 65*c; mixed, per 8 pounds. 654cJ toma
toes. 2 pounds. 12.00 case: 8 pounds, 82.28;
navy beans, $2.15; Lima beano. 3Mc: test
matches per gross, $1.88: macaroni. 65407c
pound: sardines, mustard. 13.25 case.
SUGAR—Standard granulated 8.20; New
York refined. 4.M; plantation. Be. „
COFFEE—Roasted, Arhncklea, $16.00; bulk
to bags and barrels, 12e; green, 11012c.
Shredded biscuit. 18.60 enss: No. 2. rolled
oats. 13.25 case; sack grits, 96-pound tags.
11.35: nrsters, full weight, $2.00 cose; light
weight. $1.10 esse; pepper. 11c pound; bak
ing powder, S5.00 case: red salmon. $5.00
case: pink salmon. 14.26 case; cocoa, 40c;
chocolate. 83c; snuff, 1-pound Jar*. 48c; roast
beef, $2.60 case; syrup (New Orleans), 35c
gallon; corn, 20c gallon; Cuba potash. $3.25
03.80 cnee; peanut*. 3c; rope, 4-ply cotton,
■ soap, fi.6004.00 case.
WEATHER REPORT.
WEATHER CONDITIONS.
The relative positions of the areas /tf
Idgh and low pressure have not changed
in the last twenty-four hours, but tlwre
fins been a general fall in the barometer
over tlio entire country. There Is a crest
of high pressure extending from Maine
southwest Into central Alabama, aud n see-
oud high area ou the north l'nclfle coast;
between these Is a trough of low pressure
reaching from western Texas to northern
Minnesota. There I* some, cloudiness along
ft hern border of the niitn. the At
•oast and nt scattered stations In tins
Ruin was falling thin morning at
the
In n tic
Htmtb. .. _
Washington. D. (’.. St.’Paul. Minn.."and
ItlKiuarck. N. Dak., and rain has falleu
in the Inst twenty-four hours throughout
Florida, lu southern Georgia, portions of
Texas, and at a number of stations lu thu
northern half of the United States. Dry
wenther continues over most of jhu cottou
belt.
COTTON REGION BULLETIN.
COTTON 8EED OIL MARKET.
Inc <
oil n
Deceiiilwr ..
January .. ..
March
41 tfi42
4354041
435404D*
ria
4354'
HAYWARD, VICK & CLARK,
COTTON, 8T0CK8, BONDS, COFFEE, GRAIN AND PROVISIONS.
Carand.l.t and Gr.yl.r 8*.., N.w Orl.»n».
MEMBERS:
n"- siz suss: np ,u cf.cMrdi«57;
WtgsSBssT fSHlsrVffi.Bfeo*-- —
N>w York .ml Clil<»*o iwfwp.odwM.
J. 6. BACHE 4. CO.. AND BARTLETT, FRAZIER & CARIIIKOTON,
PRIVATE WIRES TO ALL POINTS.
enf, $5.26; standard patent. $4.78; half pat
ent. $4.65; spring wheat patent. 18.60.
TORN—No. 2 white 83c; choice white, R3e;
. o. 2 yellow. 82c; mixed, 81c; cracked coin
tier bushel. S5o.
UIFIUKEN FRED—Flfty-poumf sacks. $1;
I’linln chick feed. $2.00; Victor feed. $1.65.
OATS—No. 2 White. 68c; N’o. 2 mixed. 08c*
Golden nnts, 65e; white clipped, 70c; fancy
white dipped. 72r
MEAL—Haln, -
pound sacks, 82c
^llAY—Timothy, choice large bales. $1.35;
do., choice small bales. 11.20; N’o. 1, one
third bales. $1.25; No. 2 one-third tales,
$1.20; choice nralric, $1.00; Rcrntudn, 11.00.
SHORTS—Choice white, $1.70; fancy. $1.08;
* town <M) to 100 pounds). $1.63; bran, $1.40.
COTTON SEED MEAL—Prime per toaf
16.50; No. 2 pc? ton. 321.00; bulls per ton,
PROVISIONS.
PROVIfHONS-Snpreme hams, 1554c; tal
lies. 23025 pounds average 1054; fat tacks,
6.20; Supreme lard, 1054. Purity ootnnound,
$. California bautr |Wcj dry salt ribs, t.2S
FISH—Bream. 70c pound; annnper. 10c
pound; trout, 8c pound; blue fish. 7c (tetrad;
((oinpano, 20c ttottnd: mackerel. 1254c pouud;
mixed fish. 5c pound; fresh water trout, be.
SLUMP IN 8POT COTTON DUE
TO DELAYED INFORMATION.
New Orleans, Kept. II.—The Tlincs-Dcmo-
ernt: "Related new* huiiutlns convinced
the talent that the chief trouble In the
Interior Is traceable to thu confusion Inci
dent to monger, delayed nnd Insufficient
cotton market Information, rather than to
fright or deliberate weakening ou the part
of the farmers. In proof of this circulation
was given an authenticated story- from a
Georgia mill town, where, under the oper
ation of the nutl-optlon law, tfferc Is no
cotton market news service, nnd where the
farmer Is now* dependent upon the dally
front the nearest dty. •* --
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
(Front Hayward, Vick Sc Clark.)
New York, Bent. 19.—Bartlett, Frazier &
Carrington: Liverpool was due 540154
poliita higher. Opened steady 3 point a low
er on near and 4 points lower on distant
positions. At 12:1a t». m„ was quiet, 1
jioint lower to 54 higher on near and Ivfrl
higher on distant position*. Mpots quieter,
6 points lower; middling 6.87; sales 6,000;
American 4.300; speculation and export 500;
Imports 3.0U0 lutlcs. Including 1,000 Ameri
can. Ijlter cables reported ull advance of
10154 points over 12:1a p. tn. quotations.
Liverpool market displayed early weak
ness. but later cables recorded slight re
coveries. Many Interests are preaching
rallies. The belief Is firmly fixed that
after such a bud decline which cotton has
experienced during the past fortnight would
be followed by tt substantial rally of 50
points ur more. This feeling bolds litany
in cheek from selling ou yesterday s ex-
cutleut bulge nnd caused covering of weak
shorts. We believe market has had nil
the rally necessary nt preseiit, uml if no
storms this week we look 1or very much
lower price*. .
Jt Is no use. Cottou won't Imll nos* with
out some new feature. A Idg storm might •
frighten shorts, but the weather tuup cuu-1
tlutics good.
A ruble front Liverpool says: "The feel- J
lug hero is bearish. Manchester active und i
n Im-iti; huiriiH-M ilolu*. hut Milnner*ii|i- ‘ ,
Iiwir illMHHml In ilof.i; liiiyliiK inort- Ci.IiiiiiIiii,. clrnr ....
their daflv mptiremeuts, believing lit low- U r ivllle. clear .. .
er prices. * _ j (JrlffJji. dear .
Mitchell sold about 4.000 January from •Mncoti. dear '
11.28 to il.r- Hchlll took 3,000 nt 11.25. I Home, clear ” , ,
Following nre 11 •a. ut. bids: Uotober ••Spartanburg, clear'.
11.04: January 11.25; March 11.35. West Point, clear ..
New Orleans. Sept. 19.—Hayward, Mck J r V L-,. ,:tFa
k Clark: No weather map yet ou nccount} DLLAir,l> DATA. HhPT. 18.
of strike. Papers, however, report cold j Sewnnn. dear .. 89 1 62
lit northwest, and believe ns enm us tho Tallniioosn. p. cldy
map Is postial market will ite itu advance. *.5111(11110111 temperatures
Louisiana crop (>c*t commission makes ,. n(t | n( H a . ro . f tbll( ,utt.
the formal announcement that the boll wee-1
-vll has crossed the Mississippi river. The
state farm at Angola, stave Baton Itouge,
Is found Infected, giio of the farms at
which the weevil was found Is only 3
miles of the .Mississippi state Hoe. Wee
vils were found last week cut the west bank
of the river, opt smite Natchez, Miss. *
Montgomery, Ala.. re|s»rts heavy demand
for spot from all quarters, nnd about
advance In prices.
Believe the market a purchase on dips
on account of cold wave Indications, nnd
expect short covering over Kuudny.
Liverpool cables: "Have n favorably
opinion of marker, Manchester active and
large business doing. Expect spinners to
buy freely for Immediate present. I-arge
DISTRICT.
97
61
I 62
I'OUK-
Icpt
Oct... 14.90
Jnn.... 15.225*
I.Mlb -
Kept... 8.83
Get... 8.f).*Vi
Jnn... 8.575*
III 1155—
Sept
Open
High.
Low,
Close.
, 94*« '
96$
945*
95%
MF,
ioo»I
985*
lorn,
106*4
106«i
104*1
106*4
6o*4
61'4
0*15)1
61
. 543*
675*
6754
58
ml
57
S0
~ R*
54%
63*4
64%
rdH
62*4
83'T
54
S’s
ML
5l4i
$
MtS
8.80
8.85
8.525*
6P.4
r.l«4
525*
14.8254 15.28
14.85
15.0754
8.8254
8.87H
8.58
1.35
8.40
7.80
8.40
8.50
7.9254
Declines at the Start Ex
tended Only to Frac
tions.
TRADING WAS DULL
Shortly After the Opening
Sharp Rallies Occurred in •
Number of Issues.
ti er eirengiurncu
apprehension wun
illfictuim had not
New ’York, Sept.
LIVERPOOL GRAIN.
Wheat opened •% lower and at 1:30 p. in.
t *(f5<» lower. Closed unchanged to >, lower.
t'01-11 opened unchanged and at 1:30 p. in.
nuchanged to 54 higher. Closed 5*0H nlgh-
CHICAGO CAR LOTS.
The receipts or grain la car lots today
and estimated receipts for tomorrow ara n
follows:
Today. Tontor.
Wheat 95 133
Corn .. .. 393 712
Oats 18(1 275
Hogs, head
. .15,000
15,000
4*!}
IH
inturcs are tor 12 hours
ClMTRAl
STATION.
short Interest to sustain market.
n,.nrH ic.nfldciit of
ly uncoveretl."
mid 30c for a want advertisement in The
rglan for somelKMly to do etubrnldery;
22 women n ns we red It. 30c for a want nd,
nml u 40c tax of Wiley’s candy free.
NOTES ON GRAIN
Pointers on Provisions.
wpt. IL. _
ritigtoti: Relieve wheat prices
very healthy, bools, aud see uo reason for
ery staid*
Chicago Record-Hero Id: Liverpool Co
Trade News of September 3 bad tue folio
Ing In Its weekly review of the world's
wheat situation:
•Talking with an Argentine shipper
a Liverpool exchange today, the writer
the Argentine
Inst season was ra
tions lu the newspapers ns proof
the
offered nt ntaut a half cent under the price
his private telegrams permitted him to pay.
lu Texas, the farmers are now experiencing
the same sort of difficulty, consequently ore
placed at a serious disadvantage when
forced to trade with buyers whose prlttcf.
pals In the market centers keep them con
stantly Informed as to the spot situation.
Aud this Is the reason. It would seem, far
mer* In Georgia and Texas have been cut-
ting each other’s throats on all cotton sold
recently."—Hay want, V|ck * Clark.
NEW YORK COFFEE MARKET.
The following figure* give th* opening
range and close of the New York coffee
market for todayt
Ope clog
May
June .. .. .* ..
July
August .. ..
(b'ptemtar .. ..
October
Novemtar .. ..
(ccctutar .. ..
Closed steady.
Range.
. .5.86 3.95
..5.90 6.00
, .6.00-6.10
. AOS A.I5
..6.I84L20
..6.BL6.25
. .5.80-5.95
..5.80-0.90
. .5 JD-5.15
AdVcfiS
6.104.15
6.154.29
6.204.25
6.256.3)
6.254.30
6.304.35
this season with thu price at 8.50 per
13) kilos, saying that he gets his crop all
right, of which there Is nt present s fair
prospect. Moreover, he added, tbnt If there
lie no set-backs this season, such as there
were Inst year ami lit LKd. that the quan
tify of wheat which will lie /glscd In Ar
gentina off the present exteus»*e area esti
mated at 16,000,60) acres will astonish peo
ple In Europe, for nit average yield of 14
bnshels per acre would give an aggregate
crop of 28,000,009 qrs. nml an exportable
surplus of well over 20,060,060 qm.
"After the lufitience or th»* higher price
level has lieeti ulloweil for, the »*st most
lm|Mirtaiit factor will very likely prore to
Ih* the growing Argentine crop. Sbowbl nuy-
thliut untoward hap|>eii to It during the
next three mouths the situation, which Is
already sufficiently critical, might qeb-kly
iHWoine sensational. Stock* in the ports cf
the. I nitial Kingdom an* fairly substantial,
nml ns one of our rentiers manta oat the
Liverpool share might In- reduced 40.*» qrs
per week for three tuenths without btliigliig
•lowii the tala lice below 400,000 qra, which
world be a fair holding for one port, but,
ou the other hand, tin* reserves fu uutny
eontlucntnl centers are very small. The
st(s‘k« bring *o mind the unenviable situa
tion of many continental millers, especially
those In northwestern Europe who are
without reserves nf ohi wheat and also
short of one of tlielr prlnt lp.il sources of
supply, namely, southeastern Europe. They
— lints comitelletl to go to the United
.Vila 11 la .. ..
Augusta .. ..
charleston ..
Galveston .. .
Little Rock ..
Memphis .. ..
Mobile
Montgomery .
DISTRICT AlfIRAQIS.
c ! Ttmptrtlnre.
Ilf I
88
70
X1 v
~ki 1 fio .00 r
86 1 04 T.
T. Indicates Inappreciable rainfall. (1) 4*or
yesterday. (2) For 24 hours ending 8 a. ut.,
<5th meridian time.
Remarko.
The temperatures remain practically un
changed over the belt.
Light showers occurred In most coast
districts; elsewhere fair weather prevailed.
J. II. MARliritY. Section Director.
their requirement* and )t will ts* surprising
If this extra demand, coupled with nn active
demand from Liverpool, Londou and othc
WEATHER FORECAST.
Washington, Kept. 19.—Weather condlthtn*
and general forecast
Pressure Is again f
northwest with the result ■■■■i
showery weather still exists generally
the entire northern isirtlon of the country
from New England nml the middle Atlantic
states to the Dakotas. There were also
local showers In Colorado, Wyoming. L'lnh
and the southwest, castcru Florida nml por
tlotra of eastern Texas.
It Is decidedly colder In the middle nnd
southern idntcnu with freeslng tempera
tures. It Is also quite cool In the Imkotas,
lltiuttuce of tin* *ltow»ry weather tonight
ami Friday fiver the lower lake region and
northern portion of the middle Atlantic
states. Then* will also be showers Friday
lu the south Atlnutle and cast gulf states.
In the Ohio valley nnd southern portion of
the middle Atlantic states the weather will
be generally fnlr. It will ta warmer Fri
day In the middle Atlantic states.
Forecast till 8 p. ni. Friday:
Virginia—Partly cloudy tonight; cooler In
extreme southeast portion; Friday fair,
kt northeast to east winds.
north Carolina—Fair tonight and Friday
variable winds.
South Cnrollnn—Fair tonight, Friday partly
cloudy; probably local showers In southern
portion; light to fresh northeast to east
winds.
Georgia, Alabama. Western Florida and
Mississippi—Fair tonight: Friday partly
cloudy; probably local showers; light to
fresh easterly winds.
Eastern Florida—PartDr cloudy; showers
toidght er Friday: variable winds.
Kentucky and Tennessee—Generally fnlr;
not niticli change In tcmponttir* tonight
iiiifl Frida j.
Louisiana—Fnlr tonight; Friday skowera;
fresh northeasterly wind* on the n*|t.
Eastern Texas—Hbower* in northern: fnlr
In southern portion tonight nml Friday;
fresh southerly wind* on the coast.
Western Texas—Fnlr tonight nml Friday.
Oklahoma, fndhn Territory nnd Arkan
sas—Khowera tonight ami Friday.
TIPS FLASHED
From Wall Street.
Kpecla) to The Georgian.
(From linywardl Vick k Clark.)
New York, Kept. 1»>Bartlett, Frasier k
Carrington: One of the most Interesting
rumors on the floor was that J. P. Mor-
f an had taken over ntaut 60.000 shares of
'nlou Pacific brimming to H. II. Ungers
through the agency of Kuhn, Loeb k Co.
The above movement was emphatic
ally denied.
The stock mnrket looks very much like
going higher. Union Pacific In coming to
the front again ns n leader.
Town Topics: While the Itear party
be expected to renew their attacks on
mnrket through the Cs|i|M>r. Smelting mid
Kteel Issues, w« would continue the policy
of buying the good rails ou all recessions
for turns. At the same time, lu view
of the iHMudhflity of developments In tbr
Htnndnrd OH case, affording the opportun
ity the taur party Is looking for successful
attack <ui the general'list. It would ta ad
visable to protect purchase* with stop or
ders. Ranking Interests would scarcely give*
anything but acnle-down support lu ease
nay new liquidation movement occurred.
Investors, however, need have no fear in
buying such Issues ns the Hnrrlmnn* nnd
Hills. Baltimore, Rend lug. North western,
Kt. Paul, Atchison, taulsvlllc and Atlan
tic Coast Line ou all soft snots, as It Is
morally certain that these securities will
enjoy decided ndvauces before long. Mors
stable condition* exist in the Iron trade,
aud as the steel rail controversy Is ap
proaching settlement trad heavy eoutracts
for I960 deliveries will. In nil likelihood,
shortly be made, conditions may souii per
mit of the bull Interests forcing heavy
short covering In the Kteel Issues. In view
of the general unsettled condition* In the
hiisliiom world, however, wc Would not ad
vise the purchase of these securities, ex
cept for turns ou the very sharp breaks,
(cr metal prices will again suffer offl-
reduction, and bearish sentiment Is
strong against Amalgamated and Smelting,
as also against New York Central, despite
Its dividend. : -
We still favor selling cotton for turns
on nil sharp bulges, ntgl wo think the grains
“ill go lower.
The tamlon mnrket for American securi
ties was dull nnd lower In the early trading,
with little business doing.
Kales 29,75) bags. '
I paid 30r for n want nd«ertisement In Th*-
(HP PL--E Georgian for xumelscly to do embroidery;
5.90 5.95 British port* doe* not have the effect of 22 women answered It. 30r Tor a want ad.
... . •*.. »- aud a IX* tax of Wiley’s candy free.
4% I UNION
SAVINGS BANK
Qould Building
CAPITAL STOCK . . . SI00.000.00
m 0 , RESOURCES " - 0 T
4 0 S260.000.00 4%
New York. Sept. 19.—There was a
better tone to the stock market thl*
morning, the railroad list, after a quiet
and slightly lower opening, advancing
on a moderate volume of trading. The
toorn traders were Inclined to switch
to the long side, as the attempts to
bummer the market yesterday had dis
closed considerable underlying strength.
Great Northern and Union Pacific were
the most prominent features with the
trading In them on a large scale. Sev
eral of the more Important houses took
trom 10.000 to 15.000 shares each of Un
ion Pacific. The Uopper stock* showed
that the official announcement made
late yesterday of the curtailment of
the metal output had been fully die-
counted. The steel stocks were Inclined
to be heavy, while the rest of the In
dustrial list moved within a very nnr-
row margin. sCme of the most favora
ble features wav a further sharp ad
vance In the price of the New York
4 1-2 per cent bonds, which are ap
proaching u 4 per cent, basis. Tho
Hunk of England's weekly statement
showed Hint that-Institution had fur-
trengthened Its imsltlon. nnd some
us felt that the rate of
been reduced.
19.—Thu stock market
opened at general declines. Northern Pn*
rifle declined S. Great Northern preferred
nnd In till *4. Hopper opened Vi lower,
Steel common 3* uml Reading % lower,
United Stalls Steel preferred opened 54
higher nnd declined H- tmelting opened nu-
Imogiil but declined >4. Kt. l’nul nml Ana-
otidn declined 5*. Union Pacific cpencu 54
nwer on 1,100 shares.
Closing bids follow:
Railway Stocks.
Atchison 871-$
Atchison preferred
Baltimore and Ohio .. ..
Canadian Pacific
Chicago and Northwestern
Colorado Southern
Denver and Rio Grande ..
Erie
Louisville and Nashville .
Manhattan “L”
Mexican Central
Missouri Pacific
New York Central
Pennsylvania
Reading
Rock Island
Rock Island preferred ....
St. Paul
Southern Pacific
Southern Railway
Union Pacific ...
Wabash
Intertaro-Metro
Great Northern
Miscellaneous.
Amalgamated Copper .. ..
Amur. Car and Foundry ..
American Locomotive ....
Ameilcan Tobacco
American Cotton Oil
Amer. Smelting nnd Refining... 92 3-4
Amur. Smelt Sc Refining pref..., 99S-4
Colorado Fuel and Iron .. .. 24 1-2
National Lead 60
Pacific Mall 20
Peoples Gas ... ... 87
Pressed Steel Ctar 27 7-8
Shoes Sheffield Steel 47 1-2
Sugar 118 1-4
United States Steel .. .. ,, 28 7-8
United States Steel preferred..., 91 8-0
Virginia-Carolina Chemical .. 20
MONEY AND EXCHANGE.
.... 891-4
. .. 912-8
. ..US
. ..1441-4
. .. 23 7-8
. .. 241-4
... 20S-4
..1091-4
..118
. .. 171-4
.... 71 1-8
..100 8-4
....1201-2
... 98 6-8
... 20
. .. 45
..1211-2
... 801-8
. .. 158-4
...1313-4
... 111*4
... 9 1-2
...130 6-8
. .. 00 7-8
. .. 38 1-2
. .. 62 1-2
.. 781-2
New York. Sept. 19.—Money on call,
3416c; time loans firm; 60 days, 6 1-2(9
3-4; 90 days, 5 3-4*i6. His months, 6
per cent.
Posted rates: Sterling exchange,
$4,82 1-24(4.84 1-2. with ndtual buslnra*
bankers' bills at $4.8680 for demand at
$4.8!90C| 4.8195 for 00-day bills.
Prime mercantile paper unchanged.
London bar (diver steady. l-10d up al
31 5-!6d. New York bar sliver, C7 3-4c.
Mexican dollarn S3 1-2.
Boston, Kept. 19.—Following wn* the bid
..ml a skill price on Georgia Hall way an»l
Klertrle Company today: Asked 74; prefer
red bid 80.
THE LONDON STOCK MARKET.
Cnuadlnii l*nrlfir
Erie
do. preferred
Illinois Central
Louisville nnd Nashville ..
York Central .. ,.
Pennsylvania
Philadelphia nnd Rending .,
Soul hern Pacific .. »• .. .
Paid
Union Pndfle
United Ktnte* Steel .. .. .
‘ 1. preferred
MINING STOCKS.
Ronton. Ropt. B.-Op»nltl*: North Rntt*
M: I'nlumot-ArUon* 111: Nn Him 13S;
Kroeltlti* *«i; ‘■iippor Jlnnra MS:
t'.nuiR’A 9%; llik Mlniu, Dali N\e,t
i.n*.
r
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER. Pr.dd.nt. H. T. INMAN. Vlet Predd.nt
GEO. R. DONOVAN, Ca«ht,r.
JAMES 3. FLOYD, Aciistant Cnthlrr.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
supporting the price lu North America.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS, AUDITORS AND BANK EXAMINERS.
Audit*, Special Examination.. Coating and Sy<t<m>tiiing.
EMPIRE BUILDING, ATLANTA, GA.