Newspaper Page Text
YHE ATLANTA GEORGIAN AND NEWS.
8ATUKDAV, SKPTBMBr.R St. 1907.
Jo
COLO WAVE FEARED
III WESTERN BELT
Caused Cotton Futures to
Open Unexpectedly
Finn Saturday.
t STARTED SHARPLY UP
Increased in Strength and
Closed Steady 20 to 25
Points Higher.
Liverpool nt (O' 1 opening whs lower than
due on the New York closing of Friday, but
prices Improved Immediately after the open
ing, leaving the mnrket steady at about a
parity with New York, 5 to 7 points higher.
Condition In the belt favored better prices
In New York, consequently the disappoint
ing cables were without effect on the
American markets, the opening In New York
showing advance* or B to 13 points, and
was rushed sharply higher hi tue first ton
julnutes of trading.
The mnrket gained strength ns the ses
sion progressed. Trade was active for the
two hour*' session, shorts showing consld
erable nervousness, and covering freely,
while the bulls were more confident and
were liberal buyers. Should the cold w*Te
now forming in the northwest move south
ward Into the belt, fire works will be
touched off next week.
At the elose Saturday the tone was call
ed •‘steady," net 2Q*Tti5 points above the
filial figures of Friday:
Estimated receipts MondSj^
New Orleans /......5.000 to*7.000 6,718
Galveston 8.003 to 7.000 21,238
Houston 0,500 to 7,500 16,741
NEWS AND GOSSIP
of the Fleecy Staple.
SPOT COTTON MARKET.
Liverpool, steady: middling 6.64.
Atlanta, quiet: middling 115-16.
New Orleans,, firm; middling 11%.
New York, qnlet; middling 11.fo.
Savannah, steady; middling 11%.
Augusta, steady; middling 117-16.
Mobile, sternly; middling 11%.
riiarlost on. nominal ^middling 11%.
Wilmington, steady; middling 11%.
Italtlmore. nominal: middling 12c.
Boston, quiet; middling 11.85.
Si. I.uiils, qui. t: middling IJ. .
Norfolk, steady; middling 11%.
Galveston, quiet; middling 12%.
INTERIOR RECEIPTS.
The following tablo shows receipts In th*
Interior today t compared with the same'day
hist year:
Houston.
Augusta. .
Memphis,
st. Eomfi
Cincinnati,
Total. .
36,789
3,777
1,808
WORLD’S VISIBLE
SUPPLY STATEMENT
525 Inst year.
The total visible Is 2.324.2v7. against 2.253.-
623 last week and 1,966,737 last year.
Of this the total of American cotton It
1,613,233, against 1.5*5,570 Inst week, 1,194.277
Inst year, and all other kinds. Including
Egypt, Brazil, India, otr., 811,063, against
868.047 last week and 77,000 last year.
The total world’s visible supply of cotton,
as above, shows an Increase compared with
last week of 70,683, and an Increase com
psred with Inst year of 368,06s.
Or the world’s visible suppl
there Is now afloat and held In
ala and Europe 1,268,000, against J,880,000 Inst
year; In Egypt 11,000, ngnlnst 83,000 Inst
year; hi India 435,000, ngnlnst 600,000 last
year, nud In the United States 592,000,
ngnlnst 617,000 Inst year.
SPINNERS’ TAKINGS
AMERICAN COTTON
Special to The Georgian.
(From Hayward, Vick & Clark.)
New York, Sept. 2S.—Bartlett, Frazier &
Carrington: Liverpool cables were due 6%
$4?% higher. Opened steady 4<?j5 points high
er: closed steady net 5fr7 points higher;
spot < >ttori i,. 1 p"iius I jjht-r ii Id
filing 6.64; sales 3,600; American 2,700; apeo-
11!:111■ >11 mimI «• \poet ■■ ;
American; sales after close yesterday, 2,000
bales.
The small, fitful rallies In this market
give n good opportunity for the bear
crowd to put out more short lines. The
cotton lias every indication <>f working to
lower levels. The movement keeps up in
Increasing volume. The weather Is favora
ble—Just enough rain ns needed—with pick
ing extensively engaged In. The only fear
Is a run-in of lightly margined shorts.
But this will have only n temporary effect.
Sell cotton on a scale-up.
Shorts covering and Increase In specula
tive demand should cause greater Improve
ment.
Ulordan still buying January.
Storm warning central belt moving north
ward.
The mnrket lias a good undertones and
looks ns If it will do better.
Mitchell sold ulordan 6.000 January at
11.20. Rlnrdnu bid 11.20 for 5,000 more.
Hicven-'weiity-one bid for January. Price
a big buyer through Ulordan.
Follow ing is the statistical position of cot
ton on Friday, September 27, ns made up by
The New York Financial Chronicle:
This Last Last
Woalf \Vi.,iL- Vwip
VI.II.Ip slipptjT ....MlMil 2,sqs.ai6 1,975.748
American 1.510.754 1,565,506 1,197.716
III tight, week .... SM.657 715,311 559,176
- • 7(8.832 170,255 966,705
151,509 5(7.165 <56.055
221,111 152,668 275.119
106,108 11,472 151.377
150,476 901192 184.18*
105,718 78,523 152,791
140,440 118,680 175,861
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively’s twenty-five
years’ experience of ed
iting morkets (n Atlanta
and the South has made
him a recognized au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK,
Since September 1.
Port stocks ........
Port receipts
Exports
Int. receipts
Int. shipments ....
Int. stocks
Following is the Liverpool cotton state
ment for the week ending Friday. Septem
ber 27:
1907. 1906.
Week’s sales 82,000 77,000
Of which American.... 28,000 18,000
For export T.300 1,000
For speculation 1,100 800
Forwarded ...*•*..««••<• 47,000 86,000
Total stocks ,..-.........§06,000 257.000 881.000
Of which American 601.000 177,000 591.000
Actual exports 9,006 4.000 9,000
Week’s receipts 84.000 81,000 45,0<
Of which American ... 17.000 28.000 82.000
Since September 1. 71.000 82.M0 190.000
Of which American -..^.OOO 50,000 186.000
New Orleans, Sept. 28.—liny want Vick &
Clark: Map shows heavy rains. In, the corn
tral and eastern states. They check picking
and are good cause for advance In the
mnrket. , , , .... . .
Storm warnings Just read out. May chock
selling and put It up n little, but New
York Is very much ngnlnst It.
Storm warning: Ixmlslans and Mississip
pi const disturbance In central gulf; spunr-
ently moving northward. Will probably
cause higher northerly winds this afternoon
and tonight. , Mtf
Memphis. Tenn., wires: Southwestern
Cotton Buyers’ Association makes Texas 68,
ngnlnst 60 Inst month.”
Mnrket looks as If It will be sold off
about 8 points. ,
The Journal of Commerce report of Geor
gia and Alabama disappointing. Not by
far na good ns expected.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EOG8— Active. 28c.
LIVE POULTRY—Hens active. 40ft42c:
chickens (fresh). 22%TOc. Ducks (I’ekln) 30*
each; pnrtdle, Sc each. Turkeys active. 16c
D D^eSSeD POULTRY—Turkeys, drawn,
active, 20c pound; fries active, 20e22%c ItM
hens, 16c pound; ducks, drown, fancy, 16c
P °PlioDUCE—Lard, 12a hound; hams active,
16c pound) shoulder* active, lOOUc pound;
sides active, 11c pound: butter dull. 10tfJ12%c
pound; beeswax active. £5c pound; honey
(bright) active. I2%c pound.
FftU ITS-Lemons, fancy Meisenn,,14.60;
bananas. 4c .pound; pfaespiMS, Worlds
stock. f4.OO04.5A;
apples! 'fliSfcfljbY^J a mo I rn ~ o nuutes, *^.00.
dried apples 12#12V§e; dried peaches, 14«
ts, 84.71 r " —.
14%e; cocoa nuts, !
Xew Orleans. Sept. 28.—Secretary Hester
gives the taking of American cotton by
spinners throughout the world as follows,
In round numbers:
This week 116,000 this year, ngnlnst 161,000
last yrnr.
Total since September 1 this year 672,000,
Against G05.00 Inst year.
Of this American spinners and Canada
HAYWARD, VICK & CLARK'S
DAILY COTTON LETTER.
Xew York, Sept. 28.—Bartlett, Frazier A
Carrington: An'all-round squeeze of the
•bortn this morning forced cotton up soon
after our opeidng over 30 points above yes
terday's close. The senep wss started by
heavy buying sahl to come from Price
brokers and wns due to the covering of a
Inrge line. The forecast over Sunday was
for cooler weather, nud this created a fear
that sonic damage might result, forcing
violent.upturn Monday morning. Many li
Ueved that 11 gooil lino of shorts had been
covered on the recent declines, mul the
ninrket was In a weak technical condition,
susceptible >0 bullish manipulation for s
turn. The market held Its - advance fairly
well, but some sidling again appeared, and
•mall recessions occurred. We believe there
will be some more driving In of shorts
through frost scare, ami we ndvlse caution
In putting out short lines until prices have
recorded non of an upturn.
N0TICE8 AT NEW YORK ONLY
DEPRESSING INFLUENCE.
New Orleans, Sept. 28.—The Times Demo.
Cj-nt: "The Issuance of October notices at
New York helped depress values In the
early session, but n bod weather outlook.
enhancing spot cotton basis, cumulative
persistency In the farmers’ holding move
ment, and the knowledge that October tend
ers at Now Orlenns can not be made un
der present conditions without a fiat loss
of about five eighths of n cent, turned the
this, atnl the day’s trading finally brought
values back to the closing level of the
previous session. Meanwhile, the oracles
«re dumb. The times are out of gear. The
omens of old are not safe. To a mnn, the
talent Is against th<* staple, nud yet the logl-
°al ilecllnea aro ns elusive ns an eel. All of
Whjeh suggests the probability that the mid
dleman Una sobl more cotton than he enn
fooveolently ilellver within time limits,
from Knvnnnnh coineg the report that f. o.
». uien are now trying to buy back Conv-
nitments from exporters jit a loss of 50
Mots on basis.*’—Hayward. Vick A Clark.
sack; Georgia peaches
').
■■Ptors per bushel $1.16.
sweet potatoes 8L10. Onions 8L26 bushel;
Hphnlsb, 81.50 crate; kraut % barrel, 83-76;
cabbage 2c ponnd.
bead. 7fl7%e, according to the grade.
CHEESE—Fancy fair cream 16%e; Georgia
“ lion; anlt, 100 pounds. Me,
too,. 2 pound,. 52.00 rn,«: I pound,. Jlt6:
unvy bean,. 12.55: IJmn l*.inx. (Wc: l«t
matched per aro,,. 51.(5: macaroni. 6V507C
pound: aardlncs. mustard, 5125 caw.
SrOAU-Standard Krnnulalcd 6.20; New
York reMr.cd. 4.90; plantation. 5c.
COVl'EE—noaateo, Arbucklra, 511.09; bulk
In hnB* and barrel,. 12c; irwn, UOllr.
Shredde.1 111,cult, 55.00 caw; No. 2. rolleil
oata, 5125 nmj wck Brlt«. 9«-poand Iwn,
51.55: oy,ter,. full wel«bt, 52.00 cam-! llsht
weight. 51,10 ea,«: pepper, lie pound; b«k.
lug powder, 55.00 cn»e: retl autumn. 55.00
ca,e: pink nnlmon. 54.25 ntf: cocoa, 40c:
chocolato, 55c; inviir, l.ponnd Jara. 4Sc: roaai
beef 52.M cum: «yntp (New Orlenns), S6e
mUoh; corn, toe gallon; Cuba potaib. 53.25
413.80 ran,; pennut,. 8c; rope, 4-ply cotton,
18c: map. Il.t0q<.00 ca»e,
FLOUR AND DRAIN.
PLOIIH—Hlgliest pnlent. JS.S0; be«t pat
ent, *5.53; atnmlanl patent. *5.00; half pat
ent, 54.86: ,prln* wheat patent. 56.25.
CO ns--No 2 white tie; eholce white, 85c;
No. 2 yellow. 82c; mixed, Sic: crocked corn
Antal. Copper
Am. Ice Securities. . .
Am. Sugar Iteflnery. . ,
American Smelting. .
Am. Locomtlve. . . .
do. preferred, . ..
Am. Car Foundry. . .
American Cotton OIL .
Anaconda. ......
Atchison
do. preferred. . . .
Atlantic C. Line. . . .
Brooklyn Rapid T. • •
Bn III more- X Ohio. . .
Cbennneuke A Ohio .
Canadian Pacific. . ..
Chicago Sc Alton. . . •
Consolidated Gas. ...
Central Leather. • . .
do. preferred. . . .
Colorado Fuel Sc Irou.
Corn Produce
Colorado Southern. , l
Delaware «V HitdHon. .
Denver & Bio Grands. .
Distillers* Securities..
Erls
do. preferred. . • •
General Electric. . . .
Great Western
Groat Northern pfd. .
Illinois Centrnl. ....
Idterboro. ......
do. preferred, ...
Kansas Sc Texas. . • .
wi
xvi
109%
3
166"
.•si
name: or stock.
Missouri Pacific. . .
Mexican Central. . .
New York Central. .
Northwestern. . . .
National Lead. . . .
Norfolk Sc Western. ,
Northern Pacific. . .
Outarlo A Western. ,
lVnusylvuulu
Bock Island
do. preferred. . . .
Republic Iron k Steel,
do. preferred. . . .
Southern Pacific. . . .
Southern BnIIway. . .
do. preferred. * ,
St Pant
Tenn. Coal & Cron. . .
TS.xas Pacific. .....
Union Pacific.
U- S. Bubher
do. preferred. , . ,
U h*. Steel
do.< preferred. . . .
Western Unlou
Wabash
do. preferred.
•;.v;
it*
iiii
iiH
iiji
tiiii
iii%
tiiii
i
■1
i
%
$6
a
ji"
ii”
ii”
1M
TIPS FLASHED
From Wall Street.
NEW YORK.
The followlm: la thu rnuga In cotton (u-
«
|
a
im
i H
0 |sc
rtept.. , . ,
oct
Nov
Doc
Jnu
Feb.. . , .
March. . ,
April. . . .
May. . . .
19.TO10.98
iauidifi
10.9611.16
11.11 11.24
ilia ii!3r.
i'LsaliLtt
wHhKM|iBHHni
19.91110.98 10.99-11 I0.7fl.78
19.98 11,13 1L13-14 10.92-99
11.11 11.22 11.21-22 11.01-92
11.96-28 11.06-08
11.33 11.3*11.33-34 1L12-13
11.87-39 11.16-18
11.83111.83 1L42-48 11.20-21
IjIVERPOOL.
Following figures giro the opening.rsnge
and close, compared with yesterday:
Futures opeued steady.
Queuing Previous
Range. Close. Close.
Boptember 6.22 -«.21%
Bent.-Oet I.U7 -6.06
Oct.-Nor 6.01%
Nov.-Dec 6.97 4 95%
Dec.-Jan 6.95 4.94
Jan.-Feb... 6.95 4.93%
Feb.-Marrh 8.96 4.94'
March April 6.98 4.95<
Aprll-May 6.9S%4.9.H
May-.*
y-Jutie 6.98 4.97
6.23%
6.08
6.0S%
6.96
6.96
m
6.97
6.27%
5.98
6.16%
6.01
6.96%
5.92
5.90%
Moeed steady.
NEW ORLEANS.
The following Is the range lo cotton fo
turps In New Orleans today:
NOTES ON GRAIN
Pointers dn Provisions.
Chlengo Record-Hern Id: The Northwest
ern Miller cMtlmntes that the Hour output
last weok decreased 26,000 barrel*. This
was due to thc-ldbuicss of two mills, nn
eveut most exceptional for 8eptoml*er. In
other years luills In Hepteml»er have been
operated to their utmost capacity. The
quantity of flour turned out wns 817.130 bar
rels, ngnlnst 248,626 In 1906 and 416,030 In
1906. r There were eighteen mills In opera
tion Thursday, and tin* output this week
should approximate 320,000 barrels.
* H. Il<»rt of Milner Sc Co. write# from
ton, Ilfs., thnt the corn down In that
section is much liettcr quality than lust
year, and more of It.
Estimates made by Clcment-Curtls’ crop
expert are that there was on Tuesday 20,-
000,000 acres of the corn area with a prom
ise of a total yield of 640.000,000 bushels
that could be reduced by killing frosls to a
food value of 200,000,000 bushels. The gov-
eminent’# estimate of tin* nrodnctlon of
the same area Indicated 800,000,000 bushels
In the September report.
Professor Hidden, the corn specialist of
Ames, Iowa, said Tuesday that TO per cent,
of the Iowa com wo# out of tho way of
frost.
II. A. Lockwood, of Des Moines, wires:
"Heavy frosts In our territory: reports of
frost pretty general thougbout the state.
PRICES FOR WHEAT
WEAKJATHROAY
Opened Slightly Lower and
Continued to Decline
Up to Close.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter
Corn—No. 2
Oats—No. 3
The i
Interior joints
Northwest Is extremely small. This
fty-nound sack*, ft*,
Pnnln chick feed, tt.00: Vlslor feed. 31.65.
OATS—No. 2 white, CSc: No. 3 mixed. 66c;
Goblen oats, C5f: white clipped, 70c; fancy
"MEAL—PfaIn,*“per 96-ponnd sacks, 80c; 4S-
pound sacks, 82c; plain, 34-pound socks, 83c;
8 7lAY—Timothy, choice large bales, 8L35;
do., choice small bales, 31.80: No. 1, oue.
third bales, $1.25; No. 2 ooe-tblrd bales,
jl.20: choice nrnlrle, 31.00; Bermuda, 31.00.
SHOUTS—Choice white, 81.70; fancy. 31.65;
brown (80 to 100 pounds), 81.60; bran; 31.40.
COTTON SEED MEAL—Prime per ton,
126.60; No. 2 per ton. 124.00; bulls per ton,
113.50.
I’llU V IIMW.AO— OUlirrun: U.IIIIH, MC, IM!|.
He*. 20025 pounds average. 10%; fat backs,
8.20; Supreme lard. 10%. Pur.ty compound,
‘ California hams. 10c: dry salt ribs, 9.26.
BAGGING AND TIES.
BAGGING—1% lb.. 10%c; 2 ib., lie; J% lb..
re-rolled (second hand), T%cl
TIES—New 31.15 bunch, second-hand 31.06.*
HARDWARE.
WELL BUCKETS—34.60 dozen.
ROPE—Manila, 14%c; Sesel, lie; cotton,
50c.
TUBS—Painted. 12.30: cedar. 35.
POWDER—31.60: half kegs, 32.75: % keg*.
1150; Dupont and Bazard smokeless, half
kegs 311-35; % kegs 35 75; 1-lb. canisters. 3L
teas 25 per eept. Trolsdorf smokeless pow
er. 1-In. cans. 31.
SHOVELS—36 to 111 per dozen.
CARDS—Cotton. 34.75 per dozen.
PLOW BLADES—5c per pound.
IRON 2%o per pound base; Swede, 4%e
IfJght
tin* gcncril opinion I* no harm done to
worn.
There has seldom lieon n more remarkable
gain In cash wheat ns compared t« futures
thnu has lHH*n scored recently in banl win
ter sorts. The uew crop started with first
sales frmu the gulf at almut Chicago Sep
tember dellv.wy price for No. 3 bard winter
free on board nteptucr at Galveston. Yes
terday's market nt GaNcstou wus noml-
sally 6c over Chicago December, or an ad
vance In this class of wheat 10 to lie. The
gain has lieen 6c hi the last few weeks.
There wns s hotter call for hard wluter
wheat both at the Atlantic and gulf ports
yesterday and premiums were advancing
steadily. The call for red winter here yes-
terdny n!so showed n marked Improvement.!
; Chicago Evening Post: 8t. Paul, Minn.,
dispatch: ‘The Farmers’ Talon decided
Thursday m lioost prices. The Minnesota
union, America ii Society of Equity, which
claims the allegiance of 35,000 farmers In
the Northwest, pnaaed a resolution nt Its
convention here ending on meuiliers to I
hold their wheat until the price is 11.25
and flax 31.30. The probability of Prealdcnt
Roosevelt ordering proceedings ngnlnst tbs
Farmers’ Union for a conspiracy In re-
utrnlnt of trade was being debated on the
board.”
Another bull county heard from. Lori
more, N. Dak., saya: "May's farm finished
thrashing last night; went 33 bushels per
acre; weighs GO pounds."
Morris nchwohncher estimated the local
stocka of provisions as follows: Pork 83.600
Ihnrrels, lard 93,000 tierces, and riba 21,000,-
000 pounds. These amounts show the fol
lowing change* since commencement of the
month: 1.900 barrels decrease, lard 12,340
tierces decrease and riba a reduction of
2,345,171 pounds,
Chicago, 8ept. 28.—Wheat advanced %c
early today, but In the first fifteen minutes
trading declined %c from top figures. The
tnsp showed frost Northwest and very low
temperatures, but no particular rain. The
Northwest cars were 646, sgnlnat 684 last
year. World’s shipments estimated at 10,-
400,000. (’losing cables were %d higher on
nervousness or shorts nnd good support.
Wheat was %Alc lower on liquidation by
CHICAGO GRAIN MARKET,
ruicngo grain and provision quotations
f .1 I. M1:5 r III-.. 1\H lolly s. 4-(»tU! Hfd W itt»
yesterday's dose;
Prevloai
High. r^*w. cio^e. Close*
ss ia ' : sV s*
, _06% 105% 106% 106%
TORN
WEATHER REPORT.
WEATHER CONDITIONS.
Unsettled weather prevails over the en
tire country, due to the unequal distribution
of pressure. There was n rapid fall In the
barometric pressure from the Mississippi
eastward. There Is n trough of low pres
sure extending from the Great 1-nkes south
to the gulf. There seems to In* a disturb
ance hi the gulf sonth of New* Orleans.
Bain was falling this morning at New Or
leans. Mobile. Thotunsvillc, Montgomery,
Macon, Atlanta. Birmingham, Knoxville,
over North Carolina, In western New York
mul at a few scattered stations elsewhere.
The tenitH*«(«;u>v has risen over the eastern
half of the cotton lo-ii nnd on the Atlantic
coast as far north as Boston. From north
ern Texas to Mouth Dakota It Is from 10 to
26 degrees eobler than yesterday iiioridug.
The eoudttlona favor unsettled weather
with rain In this vicinity tonight and Sun
day; cooler by Humlay night.
COTTON REGION BULLETIN.
Opao.
" DF.V*
Kept.... 96%
Dee.... Id)
May.... 106
AXES—37 per dozen base.
LEAD—9%: bar 7%e pound.
NAILS—Wire. 32.& keg, t
bats; cut 32.60
BUCKETS—Point, 31.70 dozen; white ce-
HAYWARD, VICK &.CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PHOVI810NA
Carondel.t and GravUr St.,, New Orli.nfc
MEMBERS:
Saw Orleans Oottoii Exchange, New Orleans Future Brokers Aiioclatlcn,
York Cotton Ex<-h.«B«, Orlfnn.nn.l Chleoco Bond* of Tr»,.-,
Gr.'-is'-'n Cotton Exchange, New \ork Coffee gXCftsnge.
Uonato*D Cotton Eicbotue, AmwI.io M.ml.or, Mr-n.ttul Cotton Am a
Now York and Chkogo Cofre-pononot,:
J. «. BACHE A CO., AND BARTLETT, FRAZIER A CARUINBTON,
BRtVATE WIRES TO ALL POINTS.
Weekly Movement.
Till.
Year.
Port receipts..... 220.199
Overland to mills and Can.. 3.163
*8nuthcrn mill takings 27,000
Gain stock. Interior towns,., 20,361
Brought Into sight, week....270,714
Total Crop Movement.
This
Year.
Port receipts..,................511,206
Overland to mills and Can.. 9,764 14.882
•Southern mill takings....... 102,000 167,000
Stock at Interior towns In
excess of September 1..... 64,391 71.296
Brought Into sight thus far.-.678,360 927,967
Last
Yoar.
675,070
COTTON SEED OIL MARKET.
lag quotattons of the New York cottcn seed
oil market.
Opening. Closing.
September.
October
November.' ..... ..........
December. ....... ..........
January
March 41%^
Closed firm. Sales 1,900 barrels.
S h 3 £ 1 is
»'ATr>—
Kept 52% 62%
Dec 62% 52%
May..... 68% 54
»KK-
Kept.
Oct... 14.00
Jan... 11.42%
IJkHD-
Scpt... 9.07%
Oct... 9.10
Jnn.... 8.86
Bllld—
Kept...
Oct....
Jnn....
53V4
!:S
I.CH
M S:« ii fflk-
14.00
14.00
15.52*4
8.22%
8.25
T.97%
THE LIVE STOCK MARKET.
Chicago, Sept. 2M.—MoK9~ttocolpta 8.0W.
Market strong »to 5r higher; light 36-2S0
6.77%; mlxwll6.96C6.80; heavy |5.80<S«.7i):
rough 85.8005.95; pigs 85.1006.40; yorkers 36.65
06.75.
Cattle— Receipts 400. Market steady,
beeves RlOOff.ll; rows 31.2506.40; Texas
steers 83.7004.80; calves 1908; western ci “
8406.26; Stockers nnd feeders 32.60^3.
Sheen—Receipts 22,600. Market steady; nn.
tlves 3306.40; western $305; yearlings I&4O0
6.3D; In tub, KK«7A*. . m
ST A riots
ATLANTA
.iimuiii, rum. . . .
•Chattanooga, rain.
West Point, rslnl
Temperature.
Special to Tho Georgian.
(From Jlnywnrd. Vick & Clark.)
New York, Sept. 28.—Bartlett, Frazier <Sc
Carrington: Americans In London decidedly
weak. Northern Pacific off 1%, Southern
Pacific 1 per cent up. Inactivities also show
severe losses.
Forced selling reported from Paris.
Heavy sblpineuts of gold to Egypt,
amounting to 1TOO.OOO.
Heavy selling for New York account re
ported. The aggressiveness of l»enrs yes
terday wns somewhat of a surprise. The
semi-sensational prognostications appearing
li) yesterday's morning papers was generally
believed to be the basis for the heavy sell
ing throughout the day. The selling abroad
by New \ork this morning Is evidently for
the purpose of bringing about a weak open
ing here In order to allow covering of lilies
put out yesterday. The loss In cash, report
ed oil knowu movements, was henry, and
added to the unscttlement. The bank state-
nieut will prolwbly show some depletion of
reserves. The reaction tins lieen sever#
and a tnrn for the better should coma
shortly, ns conditions have been discount
ed to nn unusual extent.
Town Topics: Wlilltf the mnrket may en
joy a rally from this level, we regard the
situation ns affecting the Industrials a*
very terion*. New liquidation lias been
Itegnn In this deparintent, and some stocks
have been coming out that were bought
on the breaks In March, end stilmeonentlv,
wheu It was thought the Imttoin had surely
beeu reached. The downward' tendency In
the copper nnd Iren markets and tjio reach
ing for new low levels of so many stocks In
the Industrial section, however, have de
stroyed much of the cotifl<iencc that had
been felt that tho lumliiess reaction would
not develop Into serious proportions. We
look for much lower prices In the metal
stock*, especially Amalgamated Copper,
Smelting and the Hteel corporation share*,
while In buying we would leave tlfe Indus
trials generally alone. It Is a question
whether the drains suffered by the railroad
Issues have not discounted the lufltieir-e
tending to lower prices elsewhere.
Money will likely rule strong during the
next month or so. but should later be
come decidedly cinder. We l*elleve thnt the
good rails will advance meantime to dls-
BEARS AGGRESSIVE;
II FULL CONTROL
Turned Their Eyes On Can
adian Pacific Early
Saturday.
INDUSTRIALS WEAK
purchases for the long pull, ns
turn, mb the short Interest is be-
ry widely extended. We would
. going long to Imv the lending Is
sues concerning whose dividend rate there
Is no reason to fear reaction. Consequently,
we would not ndvlse buying New York
nttrsrtlv
nlso for
conlw iSpm. ... r
prefer In going long to Im:
Bug at !6i%
m %. Louis
Pacific %,
NEW YORK BANK STATEMENT.
New York. KVpt. 28.—The weekly state
ment of the New York associated hanks
shows the following changes:
Loans $l.O00.Xd.(Xl'>. Increase $2,772,503.
Deposits 81.066.193.700, decrease 81.823.930.
Circulation 180.638,500, decrease 819.900.
Legal tenders 170,637.100. Increase >173,900
Hpeelo $198,807,903. docrimse I3.filf.600.
Reserve 9269.445.000. decrease 33.210,000.
Reserve required 9263,798.425, deo/ease $457,
Btiston. Kept. 28.—Following was the bid
an<I uskcil price on Georgia Railway nud
Electric Company tinlny; Bid 76; asked 81;
preferred, no market.
THE COFFEE MARKET.
Havre, mnrket barely steady; sales 16.000.
Hamburg unchanged to % pfennig down;
sale:* 23,000.
nnoiiis rrrvmis w,wai; iiiiii
Kao Paulo receipts 57.CM.
Jundlnhv receipts. 44,0)0.
April
May .
.run.*
1.25 I August
•Minimum temperatures ary fur 12 huurs
Muling H a. m., this lists.
xKeci'M bite; nut Included In averages
HEAVY RAINFALL*.
Athens. Gu.. 162: Blackvtlle, B. C., 2.00;
Washington, 4la„ 1.96; Eufntiln, Ala., 2.74;
Oxark. Ala.. tIOi
Atlanta. . .
August*. . .
Charleston. .
Galveston. .
Little Buck.
Memphis. . .
••New orlenns.
{Oklahoma. . . .
Knvnnimh. . . ,
Yleksburg.
Wlluilm
LIVERPOOL GRAIN.
THE SUGAR MARKET.
New York, fc'opt. 28.—The domestic re
fined sugar market today was sternly and
unchanged. The local raw sugar market to-
ilsy was steady. The Lombm beet sugar
market wss weak: Keptemlrer and Octnbci
»y» %d each aj 9s l%d nud 9s M reapec
J. J. BARNES & FAIN C'/8
FRUIT AND PRODUCE LETTER.
dsr. three hoops. 34.25.
CHAINS—Trace. $«'«*> dozen.
GUN POWDER—ft* keg. Austin crack
thnt. $4.60.
SHOT—$2.15 sack.
FISH.
FIMI—Brcare*. 7r pvm
ound; tront. 5c ponnd; I>1
snapper. 10c
»h. 7c iMj.ind;
124C pn.m.t
Atlanta. .Kept. 21.—The demand for all
kinds of fruits this week has been excep
tionally strong, and the quality of the fruit
nrrtving has been better than any time dtir-
the MM.
pple receipts much better, but uot more
than enough to supply the demand, wttb
prices ruling from 35.609I6- There were one
or two cara of the very ooorest stiK*k on
the mnrket. which sola cheaper than the
price quoted, but the quality was o»> poor
the receiver* were frrtunate to self at
any price.
Jamaica orange# moved readily at <5 per
box. the color nnd flavor Itclng much bet
ter than at any time during t!» season.
Banauas continue high and scarce, selling
from 3%fj4c per pound.
Lemons In fair demand, selling from $4t?
6. owing to the qundty. there being quite a
wide range In price resulting from some
poor grades which have been arriving.
Pineapples from Florida were very scarce,
selling for $6 per crate as soon as the
stock arrives.
- California fruit has twen In good demand
jind selling at tame prices t%the receiver.
The first car of Ohio -grapes arrived
this week, nnd met with ready sale. The
'* was very floe. The higher grade*
season, which Is the most desirable pack
age for the consumer. .
Irish potatoes nnd cabbage have both
been comparatively scarce tbls week, but
the price* Imre remained al»oet stationary.
We look for them to hold at III*! quoi.-d
DISTRICT AVER ACES.
igt« . .... - -
T. Indicates inappreciably miblsll. tUFor
yesterday. (2) For 24 hours endlog S a. m..
<5tli meridian time.
••Missing.
In the Atlantic and gulf const districts, but
they were lower lu Mont ginnery and At
lanta districts l/»w minimum readings oc
curred In the northwest portion. Rslus
were general except In Memphis nnd Okla-i
J. B. MARBURY. 8ectton Director.
Kcptemlwr .. ,
October ..
No vein tier .. .
Deceiulier
Uioneil steady. Kales 96,750 bugs.
..9.99-6.96
..0.294.90
..A9A99
..125-136
.. 6.86-6. U9
..I.9M.86
..6.90-5.99
..6.9M.OO
6.194.00
6.09- 110
6.10- 119
6.15-6.2 J
119429
190499
129480
EffiEs
I.K4.W
Rallied Fractions Just Be
fore Close—Bank State
ment Unfavorable.
New York. Kept. 21—The stock mnrket
opened weak. Unnsdlnn Pacific Ihe
losses with 1% decline, flrent Northern
proferrml and Brooklyn Rapid Transit open
ed 1 lower. The opening sales of Steel com-
uitNt were on a running 6,600 shares at 26%
to ngnlnst 27%, yesterday's final prb*
l ivnnin lost %.
Ing sale of the list on the !n*t
wns 1,800 shares. Ht. Paul and Union Pa
cific lost %. Hteel preferred opcmsl on 1,600
shares at n decline of % nnd lost in nil %,
touching 88%. The market continued down
ward to the end of the first ten minutes.
Closing bids follow;
Railway Stocka.
Amalgamated Popper 7 .. .. 57%
American Par and Fouudry .. .. 36%
American locomotive.. ....... 5o%
American Tobacco 77%
American Cotton OR.. ai
American Smelting and Refining..
American Kmeltlug nnd Refining pfd.- 1*0%
ttriHiklyn Rapid Transit 42%
Colorado Fuel nnd Iron 2 «%
National Biscuit.. 74
Nn t l«'»mI Lend 47
Pacific Mall .. ., .. ..
People’s Gas 85
Pressed Hteel Car 26
Klosf-Kheffleld Hteel 44
Kwicnr 100%
Tennessee Coal and Iron.. .. 28%
viviii«L_
Miccellaneous.
Atchison, preferred „ ..
Baltimore nud Dhlo ..
Chicago slid Northwestern
Polar
I '--in
Eric l.
l.msUvllh* nud Nashville .. .; .. ..
Mexican Central
Missouri Pnelflc .. ..
New York Central .,
Pennsylvania
Beading „ „
Bock Island
do. preferreu .. .. .. ,. „
Rt. Paul .. .. ..
Hontbern Pacific .. ,,
Union Pacific
Wabash ,.
Wisconsin Central
InterboruMctrouolltnn t.
do, preferred .. .,
Great Northern ‘
. .i »>*%
i 23%
.. 19%
..KM
.. 17
.. 67
..103%
..11.8% 4
., 90% i
.. 18%
.. 43%
..116% ■
• • 84%
..125%
.. 11
MONEY AND EXCHANGE.
New York, Kept. 21—Money on call, noth
ing doing.
Posted rates: Sterling exchange $4.MfjJ
4.Mi’s, with actual business In bankers’ Mils
Nt W>o2T.'u4.K'CO for <lcwand nud 34.82S3®
4.8290 for sixty-day bills.
Prime mercantile rn*cr unchanged.
^Lmdoc^fmr silver 31%U. New York bar
Mexicou dollars 62%c.
LONDON STOCK MARKET.
WEATHER FORECAST.
*•’ price* the coming week.
Washington, Kept. 2*.-Weather conditions
and general forecast:
The middle west storm has reached nonth-
eru Ijike Michigan without much wind, but
the rain area extends from the Missouri
and upp**r Mississippi valleys eastward to
the const.
Another gulf disturbance, apparently of
fair proportions, is approaching the Louis
iana roast, nnd rnlu Is falling generally
tbronglimit the Southern states. In the
West fair weather prevailed.
Temperatures are. aa a rule, higher over
the ertftern. and lower over the western
half of the country.
Rain will 1m» general tonight and Knnday
In the east and south, with lower tempera
ture* Siiiulay lu th* western lower lake re
gion, the Ohio valley nnd the middle and
coast from Mobile to New Drlesns.
Kocrrsst nntil Ip. m. Sunday:
Georgia—Kata tonight ami Sunday; cool-
Rain tonight and Sunday; light
to fresh easterly winds.
North Carotin#— Rain tonight and Sunday;
fresh, possibly brisk, rest to south winds.
Eastern Florida—Showers goalgbt and
Sunday; cooler Knnday In northwest por
tion: fresh southeast to south winds, possi
bly brisk ou the northwest coast.
Western HorMa—ffaln and cooler tonight;
Knnday fair sad cooler; brink, possibly
high, northerly winds this nfteroooo and
tonight.
Alabama—Rain and cooler tonight; Sunday
fair and cooler; Baht to fresh northe.iy
winds, except j po.--tl-Iy brisk to high this
afternoon an tonight In southern portion.
Mtsslralr p»rtly dowdy and cooler to
night; K- P* lr - Desk northerly winds,
pp»b-’ /Ji%iorth ou tho con
BUSINESS IS KEEPING
UP REMARKABLY WELL.
New York f'ominprclnl: With the bulk of
Initial purchasing over for the fall arason
with second hands, no very large movement
of gooil* In expect«*d during th* early part
of next mouth. At the present time busi
ness Is kiwqdng np. however, remarkably
well, us buyers are In thif market covering
Incomplete llnre nud utnklng arrangements
for sildltbHiMl supplies where they believe
they are luanfflcieutly covered. The mast
ing of the cotton yarn spinner* at Charlotte
nnd the result* attending It have lieen
rather a disappointment to the trails hare,
■s no definite action was taken. It Is be
lieved by rainy that a curtailment of pr£
dnctloit at tin* present time would result
In playing directly luto the hand* of the
speculating element hi the cotton yarn
market, and would materially assist them
Iii getting out of tlie unsatisfactory imaltlon
In which thsy kata placed themselves. Uon-
servdtlve members of the trails believe
thnt by forriug out speculators the yarn
market would be placed on a much sounder
bast* and price* could be regulate*I more
to the satlafncrlon of both buyer mid seller
by the spinning mills consigning their
goods to houses la this market. Much dis
satisfaction la expressed la the trade over
the report* which have lieen put In circula
tion regarding the alleged unsatisfactory
situation In the silk market. It ts safe to
any that nn to date fall trade on ataple
silk goods tuts been much better than was
anticipated, with sales well ahead of those
the rerres|MUulluM period last year. The
wk for spring 1908 la very bright and
ns there are bo stork arrumnhttbms to
handicap seller# In this ninrket the ad
vances which have already lieen named on
spring lines should bo obtained without
any trouble.
Print Cloths Unchanged.
. There I* little ebaugr to report In the
print cloth situation and the market con
tinue qnlet. Narrow print cloths are Omly
future delivery It Is beMeved that orders
ran be placed at alight 4*oareHsloiis from
the nltove figures. Regulars are l>clug pur
chased at 5%r where sellers are ahJe to
offer any auuplieM. On wide goods the sit
uation remains about the asm* except thn*
some converters are now willing to accept
offers which a week sgi> they refused.
Amalgamated Copper .. .. ..
do, preferred /,* *
Baltimore nnd Ohio .. ,,
Chlengo nud Great Western •
('Simulau Uaclflo .. .. .. ,
Denver and Bio Grande .. .,
do, preferred .. .,
Erie
do. first preferred .. .. ,, .. 46%
•hi, second preferred .«
llUnuia Centrnl ,. tw.;
Kansas and Texas ..
do, preferred .. ..
Louisville and Nashville ....
Mexican Central .
do. preferred ., ,. ., ,, ,. ,
New York t’eutral ....
Ontario nud Western .. „
Pennsylvania ,.
Philadelphia and Reading
do, first preferred ,. .
do, second preferred ..
Rook Island .. .. .. •• ...
Southern Railway „ ., '!*
do, preferred ., ,, „
Southern Pacific .. *• .,
Rt. Paul
Union Pa rife
United States Hteel ..
do, preferred .. ,.
Wabash
do. preferred
Op nlClox
46%
.....j 84%
wi
18 !
. 53%
. 84% M
. 116% 117
M 126%
s* is?
:::: 8*
MINING STOCK4
Boston, Sept. 21—Opening: North Butte
45. Dnlv West 11. Trinity 13, Greene-Csn-
snes *%. Shannon 10%. Copper Range 66%,
New Uaren 141. Mnrket firm.
NAVAL 8TORF&.
Sncrl.l to Tlie CeorKtnn.
Snvannnh, S.'pt, W-TWWiitlto Arm nt
[p; Ml.'., 575; rpcplpt— SJS. .
itrniln Ann: Ml—. MW: imlpu, 5,11s:
wlnilnw kIom. #.«: w.trr-whll., «5.7o : M,
55.SS: N. 55.15: K. ».<»: I, MBS: II, It ,V>; <i.
54.45; K, 14.40; ft, 54.50; I>. »3.W>: C II A.
15.56.
4°o| UNION 14%
SAVINGS BANK
Gould
CAPITAL STOCK . . . 1100.000.00
■ 'rn RESOURCES r mq7
4/oJ *280.000.00 4 o
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, PretldenL H. T. INMAN, Vlc»FrmM*flL
GEO. R. DONOVAN, Cashl.r.
JAMES S. FLOYD, Aiil.tant Cs.hlpr.
Capital $300,000.00
Surplus and Undivided Profits $660,000.00
* Wo Solicit Your Patronage.
ALONZO RICHARDSON & GO.
PUBLIC ACCOUNTANT*. AUDITORS AND BANK EXAMINERS,
Audit,, Sp.cial Examination,. Costing and Sy.t.m«ti*ing,
EMPIRE BUILDING, ATLANTA. GA.