Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, October 03, 1907, Image 11

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' riiv. ATLAM A UhiUK'.rlAlv AND M bJVVy. LITTLE FEATURE TO CO™ MARKET Sold Off to New Low Record During the Early Session. RALLIED FROM LOW Leading Bear Issued Esti mate of Crop—Market Lacks Snap. Liverpool anu ...I.......... th* local cotton market opened lower. Cor ,'rini the Itcat support offer the call. Krcah liquidation and Itesr procure o a roil .elect here, 1-rlrnte Liverpool eahlet were ntitlmlitle. reporting eplnnert In neetl of inoDllet. Advice* from Tetnt tinted that iiractlcalli one-third of the recelpti was Print ttored. There was little feature . In ’ tile tnnrket for cotton for future delivery Thurwlny mornlnt. The Kngllih market eloaed nliout at etpeeted. 6V4?n points under the final tit urea of Wedneaday. Following . I, tho range Id the active moutba la Uverpool today: Ouen. Jannary-Fahruary I.B Slnrch-Aprll ■» g-g »•» Mav-June..« •■»..* P.» 5.96 r».9) Ortober-Norember.... 5.99 a.oo 6.96 In the spot market trading wns only ulod- ir^.vb.sslTiXS'uH^ , " ,,M *■ In New York, the future* market opened 2fto point* lower* more ou a eon 11 mm t ion of Wednesday's weakness than fresh it depressing nature. Tho first sale uary was nt 10.86—5 points off from the NEW8 AND GOSSIP of the Fleecy Staple. •T- ks short corf ring, advanced 8 points to 10.ITJ, at which prliu It was selling at till (War. Receipts are running light, which Indi cates that the farmers are holding to a certain estent; that present or lower prices sre not satisfactory. To offset this condi tion, the lending bear bs tlmate circular. In whlcL celpts are a decidedly bearish fenture. He M ”8y many light receipts, are regarded ns •n argument In favor of higher prices. In my opinion, their significance Is precise ly the reverse. " - ** ‘ L *‘ * tremendous volume at this season. The fact- that It Is not so moving Is conclusive evi dence that It Is being withheld from mar ket, snrt conclusive evidence, furthermore, that there Is no eagerness to buy, and that supplies are accumulating at the uncounted towns, and In farmers' hands, with a rapid ity that will Inevitably result In great con gestion and the enforced liquidation of this accumulation at a time when the trade will probably be very lethargic buyers. The money altuatlon In the South Is dally be coming more acute. An article In The " ■ iT - **— 4 '—* received, voices better rtdala of j at the difficulty of ob taining money with which to hold cotton. Ught receipts at tbla time of the year means an avalanche of cotton later on, whatever the alte of the cron. They ere a bearish feature, and not a bullish one.’’ Trading during the afternoon waa dull, with a sagging tendency. Prices sold off to the low point of the morning, nnd be ing close around the low figure up to 2 o'clock. Habersham Ring. Id his latest circular, says crop points from 11,600.000 to 12,600,000, according to frost date, but bullish news falls flat when the bears control tho mar- ket. Special to The Georgian. (From Hayward, Vick $ Clark.) New York, Oct. «.~Bart!ott, Frasier & Cnrrlhgtoti: Uverpool cables were due 5ft °% points lower, opened quiet but steady at * points decline on near and 5 jmiut* decline on distant positions. At 12:16 p. in., was quiet but steady, at a net decline of 5 4l 5 % poiuts. Later cablet reported a further U oolitic of %fcl point. 8pot cotton in moder ate ilemancl at 10 poiuts decline to 6.64d for middling upland; sales 7,000; American 6 ““ speculation aud export 1,000; uo Imports Liverpool, altout meets our decade hjter cables report slightly lower prices. Ihe news yesterday caught a more or less heavy'. long-account on the floor of the exenunge. This interest was the first to liquidutc and prices Itecattus demoralised nt once, forcing prices to lowest point tin this downward move. We believe that nothing but early killing float will uow affect that yield materially. Weather conditions con tinue splendid, and the outlook is for h largo erop uow being marketed lu volume. We advise sales on nil bulges. Not much fenture to cotton this morning. Carpenter brokers and llubbnrd Iranaut moderately. Commission houses sold. Vol ume of trade small. West Bros.. Montgomery, wire: “Snots In good demand ut the decline from nil quar ters. but receipts are light aud offerings lighter. Spot cotton selling at 30#*40 points above January futures.'* I’rlce estimates the erop at 18.533.010. Inst 13.595,873 last year and 13,683,986 id Following are the 1! a. in. bids: October 10.66; January 10.87; March 10.97: July 11.04. The market is showing considerable H slstniice. anu local sentiment Is rather more lu favor of It. Home of the shrewd traders have covered nnd are talking for n ri tlon. I to not see anything To bull It until we get cooler weather and predictions of frost. New Orleans, Oct. 8.—Hayward, Vick Clark: No weather map yet. Most reports from Interior say cloudy. Market very steady at the moment, wait ing for the weather map. Consider ‘Weather map unfavorable aud believe market will lie bought on the weather for the rest of the week, lawks like general wet weather In holt. Liverpool rubies: “Continent Belling; look* la bound to reveal Itself whenever cotton drops to in attractive price or the basis gets right. In the absence of active spec- kets throughout < ■an safely ' El Estimated receipt! Friday^ New Orleans 1000 to *8,000 Galveston ..............9,000 to 10,000 Houston 6,000 to 0,000 1906, 8.314 28.818 18,263 8P0T COTTON MARKET. Liverpool, easier; middling 1.64. Atlanta, quiet; middling 11%. New Orleans, easy; middling 117-16. New York, quiet; middling 11.66. fParsnnab, steady; mldifilna 1114- Augusta, steady; middling 11%. Mobile, steady; middling 11*4. charleston, nominal; middling 11%. Wilmington, steady; middling 11%. **■“*” * I: middling 12c. King 11.65. ; middling 11.80. Baltimore, nominal; middling 12c. Boston, quiet; middling 11.55. Philadelphia, quiet; middling 11.1 Houston, quiet; middling 1113-16. Memphis, quiet; middling 11%. fit. Louis, quiet; middling 12c. Norfolk, steady: middling 11%. Galveston, steady; middling 12c. TODAY’8 PORT RECEIPTS. The following table shows receipts at the porta today, compared with the same day Inst year: Savannah, .... nmrlcstim. . , , , . Wilmington Norfolk Boston. . . , , , Philadelphia. . , *8 any that October commitments are largo, and but for lal»or troubf “ “ business would show It. absence of specific selllug pressure, recov ered all of the early loss and sre steady at the moment. January around 10.94. New York, Oct. 3.—J. H. Ilnche & Co.: There wns some pressure on the cotton mar ket this raornlug. Liverpool cnine nt nlHiut our level, but wane selling by foreign Inter ests canse«l a decline near our o|>c%lng. January dccllued to 10.83, December a*Uo, nnd March to 10.96. After the early break there followed some covering. The weath er map wns unfavorable, and market con tinued to Improve with buylug from the Houth and covering by traders. Mr. I’rlce • estimate. Including llnters, wns 18,533,010 bales. Issued this morning. The teudeney of the trade la to make estimates all de pending on the date of frost, and there seems to be somewhat of nn agreement of Ideas that the crop Will show around 13,000,- 000. This view does not certainly favor higher prices for cotton, and If this spleu- did Weather keeps up we should experience further declines In futures. The money sltuntlon Is not nn encouraging factor, and II be difficult for the middleman to cotton against this threatened strin gency. We favor the selling side ou all ,l Bnrtiett. Frailer ft Carrington: Liverpool was 3 points lower' than due. Hpots 10 down: sales 10.000. Weather map wns fa vorable. There was little fenture to our opening, which wns at a decline of u points, nnd volume of trade wns small. The market rallied to 10.93 for January during the morning on buying by local traders, hut there was no outside support, nnd ad gotten back to the opening fig- ;20 p. in. There wns no news of Importance. The narrowness of today's market would suggest that the trade Is try ing to digest yesterday's reports, aud granting them at least moderately bearish. Is timid about new short engagements until the danger date for frost •afely passed. Speculative _ --- ered liberally, which renders the techni cal position less dangerous from the sell ers' standpoint, but the spinner, the big so-called legitimate short, continues Ills pas sive and waiting attitude, while the farm er, betwixt the devil and the deep sen, contends with the tight money and the fear Edited by Joseph B. Lively. MARKETS Mr. Lively's twenty-fire years' experience of ed iting markets In Atlanta and the South has mads him a recognised au thority In bla specially. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Awul. Copper. . » . . . . Am. lee .Securities. • • . . Am. Sugar Refinery; , . American Smelting. Aiu. l-ocomtlve. . . do. preferred, *. * . Am. Car Foundry. . American Cot too OU. . Anaconda. Atchison do. ureter red. Atlantic C. Lins. ■ . . Ibonklvo Rapid T. . . Baltimore X Ohio. . . Chenspeake & Ohio . Canadian Pacific. . . Chicago ft Alton. . . . t onsolbbited Gnt. . . . Central Leather. . . . ^ do. preferred Colorado Fuel ft I rot. ton. Produce, .... Colorado Southern. . . Delaware ft Hudson. . Denver ft Kin Grnmls. Distil!*!-*' K,u*llrltla. Erls. General’' Rleet't.. Great Western. ... Great Northern pfd. . Illinois Central. .... luterboro „ do. preferred. . . . Kansas A Texas. . .. NAM IS OF STOCK. Tvumms X Texas ptu . Louisville ft Nashville. Missouri Pacific. . . . , Mexican Central. . . . , New York Central. . . , Northwestern National Lead. . . * . Norfolk ft Western. . . , Northern Pucldc. . . , , Ontario St Western.« , , Pennsylvania Pa tide 51 all People's Gas Co Pressed 6teel Cur. . . , Reading Hack Island. . . • . . , do. (ireferrsd. "“‘ Mu Irou ft l preferred. . Southern Pacific. . Southern Railway, do. preferred, . fit. Paul Tepu. Coal ft Iron. Texas Pacific. .... Uuluu Pacific. ... U. S. Rubber. .... do. preferred. . . U- N. Steel do. preferred. . . Western Uuiou. . . , Wabash. . . ..... do. preferred. Sit iSt 5 Total stock sales toftnyj63^566^shareiL NEWJORR. Following la the range In cotton futures In New York today m iw >*.& ii Oct Nov Dee Jan Feb.. . . . March. . . July. , ', , L Closed quiet and steady. a« a 10.06-6*110.71-7$ 10.11-82 10.S6-86 10.87-8S| 16.81-92 10.92-94|10.W-99 10.98-9911.03-04 * - ill.07-08 .11.10-11 ri.i2-is ii.i719 LIVERPOOL. Following figures give the opening range. Nov.-Dec... lh»e.-.lan o.i Jrtn.-Feb 6.1 Feb.-March.. 6,1 March-Apiil, April-May... Mny-June..,. Jjtno-Jnly.... C'ioacd atcniTy. .W 5. m k 6.83 5.9H4 B.9314 S.KH 5.IM 5.93 nt* i at 5.98 6.97% 6.98 6.99 NEW ORLEANS. Oct. . . Nor.. . I lee.. . .Inn.. . Feb.. . March. April. . $2 lift *6 ll.06ln.l5 11.05111.01 liiliiliilUlliliilii'.i, 10.!ll-!« 10.8,-56 10.06 .11.13-14 11.1618 11.1T-18 ll.*VS3 TIPS FLASHED From Wall Street. Special to The Georgian. • (From Hayward, Vick Jk Clark.) New York, Oct. 3.—Bartlett, Frasier ties Is now 48.80. ngitlnat 61.30 per cent last week, linnk rate remains at 4% per cent. National City Bank circular for October expresses the opinion emphatically that further government deposit* arc absolutely necessary. The rise In call rates resterdn. cheeked till Gie enthusiasm, and stocks fel back III must cases below the prevlou night's dosing. Demand for money to move cotton It particularly pressing In southern nnd southwestern states. The grain section of the west Is only on the eve of the task. One of tho great obntades market wise Is now removed by the lietter understanding between the Pennsylvania railroad nnd the Gotilda. The course of the market will depend ou tho action of tho secretary of the treasury. If the uecessary aid Is given tif move the crops the market would gradually Improve. For the time iHNig the action of the money market will have u somewhat depressing (feet. An Irregular market expected today. Home rumors were spread of unfavorable •velopmehts coming out- regarding 1'ulon Pacific. The market wns Bold heavily by l*enr clique today. Not a great deal of *«n‘k coming out. Town Topics: It Is Increasingly evident that long stock Is for sale from Inside source* on all the rallies. The weakuess nt times In the fitcel. Copper and Hmeltlng Issues, and in some of the rails, notably Ht. Paul, New York Central, Southern Railway, the Fries nud Missouri, Kaunas and Texas. Is not due so much to the ab sence of inside support ns to important liquidation. Bear factors luclnde the gen eral unsatisfactory business conditions, ca lmly In the Steel and Copper trades, the porate finnhclrtg and the iiefi(.approach of a presidential campaign. These arguments cause many long-headed men In the street to lielleve that the year's lowest prices are Hi * ■ ' 1 The cxcesslr — those who have kept In touch ' cop | a* r NOTES ON GRAIN Pointers on Provisions. rlngton: We are still strong believers In much higher prices for wheat, nud Indlevc the situation will finally assort Itself. Receipts of corn are under the estimate. Demand for cash corn simply wonderful. Inquiries were here yesterday for cargoes if corn for prompt shipment, nnd they mild not bo obtained, notwithstanding the receipt* In Chicago for the last few week* hut The Chicago Kvcnlng Post: Fort ... g Post: _ —.. Ontario, message: “Recently the laikc of the Woods Milling Company have shipped back from their elevators here to their bins nt Keewntln some 280,090 bushels of wheat, ami It Is stated on good authority that they will ship 250,000 bushels more back to them. This would apparently show that there has been some miscalculation hlch has desalted In \hls shortage, prob- WHEAT WAS STRONG AT THE Gained in Strength Later On Eager Buying By Shorts. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red winter Corn—No. 2 Oats—No. 2 ...100 Q101 ...6i e«%. ... 47% Ighcr this morning, nut immediately after the opening sales wore mode of De- ceml>er at nil advance of %e over yester- ATLANTA MARKETS. FRUIT AND PRODUCE. F.OOB-Ai-tlre. Sic. LIVE FOUI.TRY—Hen. urtlrc, iSfNSHc; chicken. (fr*»h). 22H«36c. tiuck. ilVkln) 80c each; puddle, 30c each. Turkey, .dire, loc INTERIOR RECEIPTS. HAYWARD. VICK & CLARK’S DAILY COTTON LETTER. New OrlMn,. Oct. t—Uverpool wn« fair- > stendjriat almut 5 points decline, os due. ' ■ 2:30 p. in., when another break oc ’■urrea on selilng from abroad. Cables say the continent and America were selling, i acre were no special developments other wise over night. Our market opened 769 lower In sympathy with the decline In " ot •'’on recovered some of the B,l *>rt covering nnd unsettled w earner conditions presented by today's man. Hhowers were general In the western " n .‘l, middle belt, and the nppronch of a *.****•, ^™*e Is likely to cause a general wet ?P # H the lw*lt over the week-end. Far* jics returning from Europe say that there '>* •» mtteh cotton sold ahead to splnuera "• i ,a# * year, only It la sold by middlemen nnu not by American spot speculators as year. These middlemen are more skill- a in handling such engagements, nnd "homing tho state of affairs on our side, nro covering ns slowly as possible. This active, 20c pound; fries active. 20fi22%c It*.* bens. 16c pound; ducks, drawn, fancy, 15c pound. PRODUCE—Lard, He pound: ham. .ell,,. 16c pound: ihouldora active, 10,111c pound: •Ida, .ctlre. He pound; butter dull. lOOIlUe K inud; beoaw.x .cIIto, ac pound; hoa.j rigbti active. 12V4c pound. Fnt'tTS-I^mon,. fancy Mfufnl, M-75: hannuna. 4e pound; plunpiMi, Florida itoek, M.OO04.N; lime,. Florldn .took, 75e hundred; PMUata In MCka averagtn* 108 pound, each. o«tu« to ir.de, «HO»c pound: apple., damalr. arnnee., 15: dried apple* HttHtto; dried pench.-t, 1,« 14H<-: Odcoanul,. H.73 «nck; Oeork-ln ponehm, S3.W1 per crate (icnree); Mnlara irr*I>e*. l5.3d fltM. Apple,. Vlrgtula, 15.00; Sen- York, ^vTiEiKTaTu.ICS—Pot.loe. per liu.bel H.15. BWeel potntoe. 61.10. Onlolia 81.35 liu.hel; Spanlnli, 81.50 rrnt.; krnut >, twrrel. 81.15: rnlihnne 3c pound. Celery, 60»75c n liiincli Coullltower 10«13He lb. Lettuce, 83.2502.63 per ernt*. GROCERiES. men—Jap. 8«*4c; head. 6«7c: fancy lemon, »c: oyiter. tc| luirrel candy, par pound. Mia: mixed, per f pound* 6tfa-: torn, toe,. 3 pound,. 12.00 «»; I pound,. 81.31 n,vy beam. 12.60: Limn benn,. Ic; bjfj mntche. per *roM, 81.65; macaroni. 6HO*< pound; iwtrilliie,. mu,lard. $3.60 caw. SUGAR—Btandaril sninnlntcd 6.20; New York redned. 4.80; pbiutallau. *c. COFFEE—Beaten. Arbuckl,* I1A00: bulk to hnf, nnd barrel,. 12c; xreen. llfilSc. Hbrnldetl hlwult. ».oo caie: No. 2. rolle-l eta. 13.25 caw: ,«ck xrl'* 86-pound bn*,. 13; oyatera. full welxht. 82.25 c«8e; pepper. 18c pound; Imklmr powder. $5 cnee; red Mlmon, 85 emu-: pink Minimi. 14.50 cw; cm*on. 45<-: cliocolote. 43’Ac: anulT, 1-lb Jnr«, 4Sc: roa«t beef. 8260 rate; ,lrun (Now Or- lennai. 36c gallon: <-orn. 30c «allou; i>otn,b I3.25fl3.»l raw: pc,tint,. Sc; rope. 4-ply cot- inn. 2-V: wp. 5150W4 caw- * CANDY—Stick, .Morted 6>Ac pound; ,tjck MKirlcil. (54*1- pound: tuner n««>rte<I. pall* 6Hc; chocolate drop,, pall* 12Hc: Elk. «► aorlcil. tou bole, 13.50. FLOUR AND GRAIN. FLOUR—Highest patent. 85.80: li«t pat ent. 85.50: alnndanl patent. 16.00: half pat ent. 84.85: spring wheat patent. 16.21 CORN—No. 2 white 8Jc; choice while, He: No. 2 yellow. 82c; mixed. $lc; cracked coin per tmabet. He. CHICKEN FEED—Fifty-pound Kick* Hi Pnnln ehlck feetl. 8200: Victor feed. 21.63. OATS—No. 3 while. 6Sc: No. X mixed. Mr. Golden Oat* 65c: white clipped. 68c; fancy white dipped. He. URAL—I’laln, per 86-pound xacka, 85c; (8- aidy « tn iicailmiin t Ion I nthe flgnre, bljhlx ‘ year', crop which mny hnve been riven doy • dual dgurc* snort, were eager imy w , n l iui** l nicf«V ,< t'o maof‘"enodah old I Corn nlK> wn, up on nddltlonnl ntlux. irah'*.r^ r JSeS'ftJSB •JoTISSrtiS T 1 Ac l Ti.er' l '“ ,,, ' r ,ur whw,t which mny nrls# ou Ihla season s crop." J* i 1 hi-h** t*r tho C. A. King ft Co., of .Toledo, wired: Wheal closed Jl-8c higher for the “our DecemlK'r 1%4* over yonrs, cash sIhwo j day, corn was up 7-8#lc. oats 3-8#lc shipping basis. Mfc v only lc oxer yours, j higher and provisions were 2 1-2-< l-2c »ss inaii carrying dlffereucs over Decern- higher. WEATHER REPORT. WEATHER CONDITIONS. The htgti area oti the Atlantic coast has dropped south and now cover* Ihe states east of the Mississippi ami south of the Ohio The northwestern high area has moved eastward. Increasing dn Intensity, and Is now centered In Montnna. Between the two high areas Is s trough of low pres sure extending from western Texas to northern Minnesota. The combined tnfin- once ot these opposing force* In cunning cloudiness In the southeast, the Mississippi, Ohio and lotrer Missouri valleyr. Haiti has fallen In the last 24 hours nt n few scat tered stations lu the Houth. In the lake re- 8 loll and the northwest. The temperature as risen over the northern hslf of the country east of the Heckles, while In the south the changes have la»on small. The rotidlUou* favor pnrtly cloudy weath er In this vicinity tonight and Friday. COTTON REGION*BULLETIN. For the 24 hours ending at 8 a. to., T5th mcl.llnn lime. Octnhcr 3. 19W. ATIAMTA DHTAICt. Lass lwr.“ Cable report on Australia:. “Report* re siding shipper* are unfavorable and they question very much whether there will l>e nuy exportaide surplus from ♦Jew Houth Wale*. The state raised atmut 21.009.W0 bushels." , . Rroniuhall on Argentina: “The outlook for the wheat crop Is reported by our agent to have never been batter In the province* of Cordoba and fisnta Fe, and any danger from the locust damage will disappear within s few weeks. The corn crop*111 the North I* sprouting nicely, and in the center planting Is proceeding rapid ly, with the ocrqage planted for all crops showing an Increase over Isst year. Tvf condition nt this time Is good for nil era Broomhnl! figures foreign needs of w HOLDERS OF SPOT COTTON REPORT A STIFF MARKET. showing 1.430.266 ginned from the growth of 1907 up to September 25 and the condition of the crap on that date to hnve 1»een 67.7 were followed by n sharp break In futures In the face of the fact that the gtuners re turn* air early In the season can not supply a legitimate bast* for total out turn calcula tion, while n condition lower by 6 points thnn that ou August 25 can not Ih» con strued as indicating a yield in excess of pre- conceived expectations. AH of which would again seem to stress tlw significance of the bullish speculative Inertia which has been iiu|H»ih»d by hostile legislation In the South, ruder the day's contract pressure official iMit quotations were lower, but traders In higher. Wheat was strong and higher from the start. The chief buying was by shipping and export houses. Nearly all of these sold wheat for domestic or foreign account CHICAGO GRAIN MARKET. for t(Niay a are as follows, compared with yesterday's close Open. High. 101% HAYWARD, VICK & CLARK, ’ COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS Carondelet and Gravier Sts., New Orleans. MEMBERS: Fsw Orisons Ostton Exchange, New Orleans Future Brokers' Association, York Cotton Exchange, New Orleans sod Chicago Boards of Trade, Or..7.-ct23 Cotton Exchange, New York Coffee Exchange. Houstfui Cottou Exchange, Associate Msml»cra Liverpool Cotton Ass a New York and Chicago Correapondenta: •L 8* BACK*! <t CO., AND BARTLETT, FRAZIER & CARRINGTON, ORIVATC WIRES TO ALL POINTS. the arttuU ■tuff reported a very atlff mar ket where purchases were attempted. One New Orleans exporter, who needs cotton, wired a bid on the local January option price for December ilellvery of Liverpool good middling f. o. b. fiavannnh. which wns unnsed. A counter proposition being made of 70 points on. Tin* Issuance of notices of Intention to deliver 600 hnlca on October contracts by a New Orleans firm under these conditions raised nn Important ques tion In ihe minds of the local talent. Either the tenderer held low-grade cotton and feared that tt would soon be shown that the situation justified a widening of the differences on such grade or some far-see- lug folk anticipated nn Improvement In the busts."—Hayward, Vick ft Clark. WHEAT— Dec 99% May.... 106% July 102 toilN- Oct.... 60% Dec 67% May.... 66% Dec 62 . May.... 63% l'OUK— Oct Jan... 15.06 LARD- OCf... 8.90 Jan,.. 8.70 Oct... 8.80. •ion... 7.821* 51, f I01>, lies gtt 5:8* >32 107% 106*4 103% 101% !J 63% 63% 8.06 Atisnnu clear M'hnttnnoogn, p. cloudy. . xColumhus, clear. . . , Gainesville, elear xGrlffln, clear •Macon, elear xMontleello. clear. , , . , Rome, cloudy Spartanburg, clear. . . Toceoa, clear xWest Point, clear. sfore any great advance Is en joyed there will be an Intervening period of •y low nrleea which will muss n greater ittlng down of mines thou now generally dreamed of. We therefore advise the sell- g of all long stork on the strong spot* id would buy nothing except the best rails when vers- weak and then for turns. The Industrials, particularly the Hteel. Copper nnd JViueltiiig Issues, are snlea oil nil the bulges, especially now that such a large portion of the short Intereit baa been eliminated. Cotton should be sold If the rallying tend etiey extends inueh further. Buy wheat tor «t‘ ket Is very Wesk. START IN STOCKS WAS ATJECLINES Downpour of Stocks at the Opening Was the Depress ing Influence. USUAL LEADERS WEAK •.Vlnlmum tempornturea are for 12 hours ending 4 a. m.. this date, xReceived late; not Included lu averages. CtSTKAL STATION. ill Alin nt a. ..... Augusta , Charleston Galveston Little Rock. .... Memphis. Mobile Montgomery. New Orlenns. ••Oklahoma. . Savannah. . . Vicksburg. . . Wilmington. . ! I\ indicates Inappreciable rah DISTKICT AVERAGES. Min. 2 Ty ■’•mi | .m-.v-.v- HMntiKHivn .alutaU. |i| For t.8.% yesterday. (2) For 24 hours ending S a. m.. CHICAGO CAR LOT8. The receipts of grain In car lota today and estimated receipts for tomorrow are as fol lows: Wheat. . . . Corn. . . . (tats I legs, head. THE SUGAR MARKET. do., choice small bale*. _$i.S>: No. 1, on* third bales, $1.25; No. 2 one-third bales, 61/20; choice prairie, 81.00; Bermuda, 11.00. HIIOBTR—Choice white, fl.75; fancy, fl.g; brown 180 to 100 pounds), 61.60; brand, $1.50. COTTON SEED MEAL-l'rtmc per ton, S .63; No. 2 per ton, $21.00; hulls per ton, .00. PROVISIONS. PROVIBIONB—Supreme hams. 13c: M. Ites, 204*25 pounds average. 10%; fat hacks. • so. snnrr^e lanl. 10%. Ihn.ty compound, r,U* 9-25. 7,-59 ; 8<h S .und. arrann, 95c; Ftrfanan, 'tURB—rnlntwl. 82.90: wl«r. 85. FOWPRR—$4.50: half k»e* $1JS: I* k,(* $1.50: Ditnont llnranl irunk.lras, ball k*mjll.»: 1* km ».«: l lh. nriiwr* $l Wsa 25 per cent. TroliUorf imokrin. paw- d.r- Mti. raus. $1. Blinvm.S-$6 to 111 par down, t.’AltDB—Cotton. $1.76 por iloxon. I'l.ow BLADES—fc p»r pound. IRON—27ic |>»r pound bo«»; Swede, 47ic ponml. AXES—$7 p»r dox.n law. ( NA'j| l jT?H , it*‘ r $2^ Her? bum: cqt $2.80 %onL-Rm». It,25St TJ k-c: mnl.'.boo* ^BUCKET,—Paint. $1.79 down; trbll* «- OUN POWDER—P.r ket, Austin crack Ikol. $4.59. BHOX—$2.15 rack. nuy was steady. THE COFFEE MARKET. March April May .. .. .. . June July August .. September .. .. Oetnhcr November .. .. December .. .. Closed steady. Opening Range. . * 6;154.29 6.20-6J0 6.306.33 6.354.40 6.404.45 6.404.10 .. .. ..6.454.50 ..6.454,65 6.65 . 5.90^.00 6.00 0.10 6.154.20 Hales 24,750 bags. Close. 6.164.20 6.20-6.25 6.234.30 6.304.36 6.356.40 6.404.45 6.46 6.60 6.45 6.50 6.604.56 6.804.00 6.00 6.06 6.104.15 Remarks. The temperature changes were unimpor tant. the tendency being, nowever, to slight ly warmer. Light rain fell In the western NAVAL STORE8. 8pe»-Inl to The Georgian, Haran&rj!. Get. 3.—'Turpentine at 52%; ■ales 151; receipts 562. 4.32%; 1) $4.032t4.1<); COTTON SEED OIL MARKET. Folhmlng is given the opening ami closing quotations of the New York cotton seed oil October. . Novetulwr. , December. January. . Closed steady. Opening. asr WEATHER-FORECAST. 3.—Weather conditions ^ - _Jt: Ai off-eboot from the barometric depres- ' “ *“ *’— Mexico appeen ... .— , rr ,. Mississippi val ley aud a second depression overlies eastern Texas. I'ressure continues high over the southeastern states and Is rising sharply over the plateau and southern Rocky nioun- trfets. but numerous thundershowers have occurred In the tower Missouri and Upper Mississippi valleyr, ineluding Kansas and Oklahoma. It Is wanner lu northeastern districts. Hhowers are probable tonight and Frl day In the northern portion of the Wash Ington forecast district, also locally In the •nsr gulf states. Important temperature hanges are not anticipated. Forecast until 8 p, in. Friday. Georgia—Fair tonight and-Friday; warmer tonight In central nnd northeast portions; light southerly shifting to westerly winds. Virginia—Increasing cloudiness nnd warm er tonight: possibly rain In extreme west and southwest portions: Friday rain; light to fresh southerly winds. North rnrollnn—Fair nnd warmer tonight; Frhlay fair, except showers lu mountain districts; light to fresh southwesterly winds. Houth Carolina—Fair tonight and Friday; light to fresh northeast to east wluds. Western Florida, Alnbnnm and Mississip pi—I'artly cloudy, probably showers late tonight or on Friday; light to fresh soath- crly winds. Eastern Florida—Partly cloudy tonight and Friday; light to fresh northeasterly winds. Kentucky—Showers aud cooler tonight and * Tennessee—Fair ckeept showers tonight or Friday In western portion; cooler In western portion Friday. MONEY AND EXCHANGE. New York, Oct. 3.—Money on cull 6 678 per cent; time loans firm; 60 days u 3-406 per cant; ninety days 6; alx months 6 per cent. Posted rates; Sterling exchange $4.8304.86 1-2 with actual business in blinkers Dills’ at $4.855504.8560 for de mand nnd $4,821-4 for slxty-dny bills. Prime mercantile paper strong. London bur silver 3-16 lower at 30 1-16. New York bar stiver 66 l-2c. Mexican dollars 51 6-8c. ■ GEORGIA RAILWAY AND ELECTRIC COMPANY. Boston. Oct. 3.—Following was the Idd nnd asked prica on Georgia Hallway nud Electric Company today: Bid 73; naked 80; preferred, no market. MINING STOCKS. I.outslnnn—Fair tonight; Friday showers nnd cooler In northern portion; fresh south easterly winds on the roast. East Texas—Hhowers tonight; cooler lu northwest portion; Friday showers nnd cool er; fresh south to west winds on the coast. West Texas—Fair tonight.nnd cooler: Fri* day fair n.tt Cooler In southeast portion. Oklahoma and Indian Territory—Showers tonight und cooler: Friday fair. Arknnsas-Hbowere nud cooler tonight and Friday. Boston. Oct. 3.—Opening: Boston Consoli dated 14%; New Haven 14$; Hmeltlng 36; t'nltod Fruit 114; North Butte 4474; Mohawk 60; Copper Hange 67; Shannon 10%. CLOTH VALUES STEADIER! COTTON YARN8 IMPROVING. New York Commercial: Upon the receipt of a fair volume of reorders from the cut- tlng-up trade on men's wear, dress goods and cotton dress goods nnd domestics, the market from end to end la stranger than It has la-eii during the past fortnight. The Incipient signs of weakness on cotton yarn* have developed Into a steady downward movement on most iiumtH-rs. and up to the opening of the new month there were signs Of tM < Itipw L-, _ however, la now noted nnd merchants lie- may lie avoided. lu the retail markets the reports *t hand state that Heptemlier sales hnve been above the average In practically alt department*. Thin has been especiallyi itrue of the movement In wooteu and I worsted dress goods, cotton dress good* nnd domestics, hosiery nnd underwenrj Iv-mnde clothing for women, inlsec* and klren and In the sale of household white lu ■nil lltixktia - Willi Ik. rat,nil Im.l.. .. — ... jelpH. Buyers of clothing wools are now lucllm-d to operate more freely In the matter of cor- ‘ gyur the spring, and on the medium ear, .... asking price, on lower grade--.M hold off and are satisfied to take their goods from hand to mouth. The actual sales nut through Tuesday on print cloths formed a small aggregate, but selling agents and cotton gmsts brokers declare the print cloth situation Impregnable. They declare that by the time mills have W’orked off their existing orders price* oil spot food* will lie higher thnn they are today, and that no contracts will tie acceptml on a lower totals •ven If cotton should touch a 10-ceut level. Print Cloths Move Slowlv, From day to day the present market Is making low-grade record* In sales of print cloth*. The majority of buyers are Inclined to hold off on placliiff contracts for 38%-inch standards at the 7-cout price, which Is cur rent. or on 39-Inch 68x73 at prices from 1% for s|H>ts down to 7%c on contract. It re quires considerable pressure to get print doth manufacturer* to accept business on narrow goods on anything below 4%c for 40x66. The elonned-up condition of the market cn 2S-luch standards which have sold at 5%c Is the determining factor In making principal* and largo cutter* up take the odd construction narrow good* nt the strong prices which weavers sre demand ing. During the Morning Session the Market Showed Little Recuperative Power. New York Oct. 2.—Th« evidence of hardening to the money market were renewed this morning. Call money opened under hid, of 7 per cent anil nulckly-advant-ed to 8 1-2. Along with thl, time money wd* reported aa In creasingly difficult to borrow around the quotation, recently reported. It waa true that sterling exchange prompt ly responded to these sign, of stringen cy with a drop of t-,c In the pound. Price, opened off eharply, following a decline In American .harea abroad, and continued to aag slowly during the first hour and n half. Then the pressure lightened, nnd the endeavor to covet* abort contract, In a moderate way forced etocke up 1-2 point or ,o from the loweet. The market appeared to be suffering more from the pnrnly»l* of the buying power than from any Im portant liquidation. While stock, wer. brought under prnfc.idonAI attack,, short-selling seemed to be more largely Instrumental In the decline. Cluittng Idd, follow: Hallway Stock,. tV. Iioltlinior and filiio .. .. W*. i'lilltldltm I-urine .. ,, ,, .. ., .. riiicngu mul Northwestern .. .» .. ..II’.'g Colorado Southern VrS Ib-nver and Itlo Graiidt* ., *i ,$ ,» *» 22% LniilsvUlp fltid Nnsiivtile li‘% Manhattan L 117 Mexican Central in'* Missouri l*nrllh\» .. .. ,. .. .. * .. eff New York Central .. . IVtihsylrahln Bending ., .. .. Hock Island do. preferred Ml. I’anI Hunt hern I’nHfle ........ Houtlierii Hallway rnton Pacific Wabash liitcrhoro-Metro|Hi||tiiu .. .. do, preferred Great Northern Miscellaneous, .. ..!««% :: ::*E v.'ia .. 8^ ::i&i Amalgamated Copper.T ,V.V.. .. »* .. 6654 Aiuerlrau Car and Ffiundry.. $•'.% American Locomotive.. „• $ 61 Aiuerlrau Cotton OIL. Colorado Fuel and Iron.. National Hlsclilt.. . National Lead.. People's tins, 11% v :• v Pressed Steel Car V 20* uHtad'gVatra g'twl.V. ", IIjSl United States Steel preferred §S' 4 Western Union 74 Mackny Company 601; Maekay company preferred. 61 THE LONDON STOCK MARKET. STOCKS— Anaconda Amalgamated Copper Atchison .. .. . do, preferred . Baltimore and Ohio ....... do. preferred . Chesapeake and Ohio Chicago nud Great Western. Canadian Pacific Denver and Rio Grande .. .. do, preferred Erie do, flrat preferred do. second preferred .. .. Illinois Central Kansas and Texas do, preferred Louisville nnd Nnshvllls .. .. Mexican Central do, preferred Northern Pacific Norfolk and Western do. preferred New York Cetitrnl Ontario mul Western Pennsylvania Philadelphia and Heading .. do, first preferred do, second preferred Bock Island Southern Pacific .. ,. ,, .. .. St. Paul Union Pacific ». United States Steel do. preferred Wabash \ do. preferred $6% tt- $4%, m f* LOCAL 8TOCK8 AND BONDS (RrarlMd liy lltlly.r Invctmccr^rornpnn?.: Atlaata * 7V.it fotnl R. R. l«'i ' ir!;t{ Atlanta. Blnulnfhaui suit A.. 19 ExpMltlnn Cotloa I Eourtb National Doak ... O,. II. R. anil Ranking Co 249 i. tty. amt Elwtrie Co 7® go, profovroit BoalHHiril Air l.lna 19 —, .an Bontuweattrn ... to. ».$$>»«. if? Atlanta 4 per e. Iwndf. 1933... 103 f 4 SaKrfflwej ttnl.h at horn*. Ml 4°c UNION SAVINGS BANK * Could Budding CAPITAL STOCK • . • 8100.000.00 - RtSOURCtl _ 0 4% 8290,000.00 4,0 Atlanta National Bank ATLANTA, GA. C. E. CURRIER, Preildent. H. T. INMAN, Vlee-Prcildent. GEO. R. DONOVAN, Cashier. JAMES S. PLOYD, Assistant Cashier. Capital $500,000.00 Surplus and Undivided Profits $650,000.00 We Solicit Your Patronage, ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS, AUDITORS AND BANK EXAMINERS. Audit!, Special Examination* Ccitino and Syatorratizing. EMPIRE BUILDING. ATLANTA. GA.