Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, October 26, 1907, Image 12

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12 THE ATLANTA GEORGIAN AND NEWS. SATURDAY, OCTOBER 36. 1907. FUTURES AT START WERE QUITE STEADY Initial Prices Showed De clines of From 7 to 13 Points. DIDN ’T FOLLOW CABLE S Early Demand Satisfied, Prices Eased Off, Clos ing 7 to 12 Lower. New York, Oct. 24.— 1 The cotton market at the outset was active and quite steady, prices being 7 to 13 points lower, Its feature being heavy corering of January by a big commission house. As soon as this order was supplied the market lost gronnd again and by 10:10 o'clock was off about 6 points from the call lerel of January. The New York futures market did not fully respond to the weakness of Liverpool, where prices at the close were sharply lower than due. The close in New York showed losses of 7 to 13 points ns compared with Frlday'a finals. Fluctuations during the two hours’ session covered a narrow range with the close unchanged from the opening figures. NEWS AND GOSSIP Of the Fleecy Staple. Special to The Georgian. % (From Hayward, Vick & Clark.) New York, Oct. 36.-J. 8. Bach# & Ca: Liverpool cablea due 7 to 7tt point* higher on near and 4 to 4% points higher on iste mouths. Opened quiet 1 point lower on near and unchanged on late months. Closed barely ateady, net 1% to 5% point* lower on near and % point lower to 1 point higher on Jat# month*. Spot cotton dull and easier at 16 point* lower; middling uplands, 6.03d. sales 6,000. American 4.000; speculation ami export 600, Imports 11,000, Including 6,00o American. . After having aent better cable* than due all the week, Liverpool falls today to re* spond to our advance late yesterday after noon. Near months are 8% to 13 fcngllsh points lower than due. Spot* dull and easier, at 16 decline; sales 6.000. Southern spot markets were unchanged to %e lower. Market may Improve a little on the better financial outlooa, but think It will work ^Following Is the Liverpool .cotton state, meat for tne week ending Friday, October 25th: Week's sales Of which American For export... For speculation Forwarded . Total stocks Of which American Actual exports.... Week's receipts Of which American Mnce September 1 Of wbJrb American Stocks afloat Of which American....... i 1961 MT 49.000 42.000 666,000 472.000 6,000 90.000 66.000 329.000 240.000 244.000 193.000 38.000 29.000 1,700 400 76.000 26L0OO 184.000 6,000 92.000 79.000 366.000 297.000 411.000 368.000 Saturday 77777 jdtal since Sept. 1.,.., 1907. 1555: 46,362 71,104 1.40JA10 2,168,266 Jay; „ 1907. 1906. New Orleans 10,000 to 11,000 17,712 Galveston 9,000 to 11,000 31,384 Houston 8,600 to 9,600 16,090 SPOT COTTON MARKET. Liverpool, quiet; middling 6.08. Atlanta, steady; middling 10%. New Orleans, easy; middling 1011-16. New York, quiet; middling 10.95. Savannah, easy; middling 10%. Augusta, steady; middling 10%. , Mobile, easy; middling 10%. Charleston, steady; middling 10%. Wilmington, quiet: middling 10%. Baltimore, nominal: middling 11c. Boston, qnlet; middling 10.96. Memphis, quiet; middling 11c. Philadelphia, quiet; middling 11.30. Houston, qnlet; middling He. Norfolk, dull; middling 10%. Galveston, dull; middling 11%. TODAY'S PORT RECEIPT8. New Orleans. . . . Galveston. . . . . Mobile Savannah Charleston. . • . , Wllmlqgtou. . . . , Norfolk? New York Pensacola Various. ...... Total. 1J07. 8.203 7,699 14.872 2,118 6.429 4,389 14,309 29,381 2,648 15,111 INTERIOR RECEIPTS. Memphis St Louis. . . . Cincinnati. . . . 9,267 8,963 6,479 1,937 10.929 4.945 4,783 2,132 J. 8. BACHE A CO/3 DAILY COTTON LETTER. Liquidation of long* and selling of futures against actual holdings of cotton were thn features of the trading. Evidences that farmers are letting go their Knee as the prices decline and as tba financial situation becomes more active. After opening from 9 to 11 points lower on weaker cables fur ther declines were recorded. The Chronicle reporta from the Mouth Indicate fair weatb- >er»for-tha week/ Thi* fact, coupled with the financial storm, baa done more harm to prices than any other factor. We favor the selling side of cotton for the present. HESTER’S WEEKLY COTTON STATEMENT Secretary Heater’s weekly statement for the week ending Friday, October 26, shows a decrease In the movement Into sight com pared with the seven days ending last year In round figures of 196.000. an increase of 1 over the tame days last year of lO.OOO and iMdecrease under the same time In 1904 of for the fifty-five days of the season, the totals abow a decrease under last year of 127,000 and a decrease under the same period gear before laat of 664,000 and a decrease under the same time In 1904 of 106,000. The amount brought Into sight during tha past week has been 464.127 bales, against 1*6,971 for the seven daye ending this date last year, 443,963 year before last and 659,076 same time In 1904; and for the twenty-five days of October, it has been 1,421,301, ■gainst 1,798,687 last year, 1.606,661 year be- * and 1,963,658 same time In 1904. ovement since September 1 shows at all United States porta 1,867,163, 2,097,111 laat year, 2.127.956 year be- ..—— ..... ,M1 year fore laat and 1,963,658 same time In 1904. The movement aim " receipts gmrfast and 2,47t,8fc same time Tu 1904. Overland acrosa the Mississippi, Ohio and Potomac rivers to Northern mills and Can ids 61,076, against 72,700 last year, 72,871 rear before last and 96,746 same time In 1904; Interior stocks In excess of thoee held It tba close of the commercial year 240.910, igalnst 207.619 last year, 309,624 year before last and 336,814 same time In 1904: Southern ulUs takings 417,000, against 416.865 Inst year, )l0,071^jesr before last and 361,639 same time These make the total movement for the 9fty-flve days of the season from September 1 to date 3,266,139, against 2,798,185 last .IMiS Inst 1,280,430 last year, a decrease of 335,862. ilnee September 1 have decreased The total takings of American milts. North, lonth and Canada, thus far for the Mason lave been 611,088, against 661.420 last year, rhese Include 200,964 by Northern splnuers. igalnst 242.699. . , Stocks at the seaboard and the twenty- line leading Southern Interior centers have ncreased during the week 202.119 bales, igalnst an Increase during the eorrespond- i g period last season of 199.386 and are now J0.6M smaller than at this date In 1906. Including stocks left over at porta and nterior towns from the last crop and the lumber of bales brought Into night thus 'at from the new crop, the supply to date • 2,414.141, agaJoat 3,000,96© for the same lertod last year. New Orleans, Oct 28.-Hayward, Vick & Clark: The weather map, complete, inrtl entea continued cloudy nnd rainy weather. Cold ware remained stationary In the north west May be delayed a few days, but should strike early next week. Liverpool cables: “Market nervous, fear ing south will be forced to aell freely. Stock exchange better.” WORLD’S VISIBLE SUPPLY STATEMENT Secretary Heater-, atatement of the world', visible supply of cotton for the week ending October ?5, made up from special cable and telegraphic advlcea, compare, the figure, of thla week with laat week, laat year and the year be fore. It show, an Increase for the week just closed of 198,888 against an In crease of 880,251 laat year and an In crease of 118,994 yoar before laat. The total visible Is 2,987,716, against 2,788,897 last week, 3,000,298 last year and 8,686,216 year before last. Of this the total of American cotton Is 2,206,- 839, against 2,000,951 last week, 2,250,- 298 last year and 2,942,218 year before laat, nnd of all other kinds, including Egypt, Brasil, India, etc., 780,876, against 787.876 last week, 760,000 last year and 724,000 year before laat. The total world's visible supply of cotton as above shows an increase com pared with laat year of 12,288 and a decrease compared with year before last of 678,601. Of the world’s visible supply of cot ton as above there la now afloat and held In Great Britain and continental Europe 1,614.000 against 1,313,000 last yaar and 1,802,000 year before last; In Egypt 104,000, against 106,000 last year and 86,000 year before last; In India 327,000, against 390,000 last year and 348,000 year before laat, and In the United States 1,043,000, against 1,191,- 000 last year and 1,400,000 year before last. ATLANTA MARKETS. FRUIT AND PRODUCE. EGGB—Active, 24VH226C. LIVE PODLTHT—Hens active, <0C«c: chickens, fries, 27H®40c. Decks, Pekin, He each; puddle, 90c each. Turkeys active, 16e per pound. DRESBED POULTRY—Turkeys, drawn, active. Me pound; .fries active, 20O22HC lb.j bens, Ho pound; docks, drawn, fancy, It, .right) active. 16c pound. FRUITS AND NUTS—Citron, 20c pound; almonds, 18c pound; Braill, 14c pound; Filberts, W4c pound; English walnuts, 16c pound. Lemon peel, 16c pound; orange peel, 15c pound. Lemons, fancy Menaces. $.1.75® 4.00; bananas, like pound; pineapples, Flor ida etocs. K0004.60; limes, Florida stock, 75c por huuUrrd. Peanuts In sacks aver- gins 100 pounds each, owing to grade, kttic per pound. Jamelce oranges, 16.00: risd apples, 12«l2Hc; dried pesciee. 1414c. Ige. 11.25 bov. Dates, 1-lb. package, 7Hc. L. L Boletus, $2 00 box. Grapes Concord, 6- pound bucket, lie; Nengsras. 20c; Delaware, Mslnas, per keg. $5,6p®6.qo. Apples, sweet potato**, 60040c. Onions. $1.26 bush.; Spanish, $1.60 crate; kraut H barrel. $175; cabling*. X Virginia, l%c lb.; Danish. l%o GROCERIES. lUCE-Jnp, 6% cents; heart, 6177c; fancy heart. 707%«v according to tba grad*. CREESE—Fancy full cream, lie; Georgia can* ayrup. 17c gallon; salt, 100 pounds, Wc*, { xls grease, $1.75; aorta crackers, 6%c pound; •mon, 8c; oyatsr, 7c; barrel candy, per pound. 0%c; mixed, per 8 pounds. 6%c; torn*, toes, z pounds. $100 case; I pounds, US: navy beans, $2-90; Lima beans, 7c; beat matches per gross. $1.65; macaroni. 4%07c pound; sardines, mustard, $3.60 case. SUGAR-Standard granulated 1.30; New York refined. 4.90; plantation, 6c. COFFEE—Roasted, Arhnckles, $16.00: bulk Id bags and barrels. 12c; green. 11012c. Shredded Macnlt. 16.00 case: No. 1 rolled ta. $3 28 case; sack grits, 96-pound bags, ; oysters, full weight. $2.25 case; pepper. _ e pound; baking powder. $5 rase; red salmon. $5 rate; pink salmon. $4.50 case: cocoa, 45c; chocolate. 43%c; snuff, Mb Jars, « r, roast beef. $2.60 case: alrnn (New Or ms). 35c gallon: corn. SOe gallon; potask $3.2601.80 case: peanuts. $c; rope. 4-ply cot ton. 22%c; soap. $1.$004 ease. CANDY—Slick, snorted 6%e pound; stir* assorted. 6%r pound: fancy assorted, palls, 0%c: chocolate drops, pells, 13%c: Elk. a* sorted, ten hoxea $5.50. FLOUR AND GRAiN. FLOUR—Highest patent. $4.26; best pat. ent, $6.75: standard patent. $5.60: half pat» ent. 95.25: aprfng wheat patent. $4.25. CORN—No. 2 white. 85c; choice white, Me. Mixed, 85c. Cracked corn, 96-pound sack, Me. Cl Urlns cnic* imi, ii.ni. OAT8—No. 2 white. Me; No. 3 mixed. 66c. Golden Oats. 65c; white clipped. 68c; fancy White clipped. 70c. MEAL—Plain. 94 pound sacks, 81c; 48- pound sacks. 83c; plain. 24-ponnd sacks, Be; germ. $1.60. FI AY—Timothy. choice large hales. $1.30; do., choice email bales, $1.25; No. l, one- third bales, ff.20: No. 2. one-third bales, $1.20. Bermuda, 90c. SHORT#—Choice white. $1.75; fancy. $1.75; brown iWi to 100 pounds). $1.60; bran. $1.50. COTTON FEED MEAL—Prime per tog, $24.00; No. 2 per ton, $24.00; hull* per ton, PROVISIONS. PROVISIONS— Supreme hnmn. 15c: be! Ilea, 20025 pounds average. 10%; fat backa, $.20. Supreme lard, 10%. Purity compound, 9*4. California hams, 10c. Ex-ribs, 9%. GAGGING AND TIES. BAGGING—1% lb . 10%c; 2 lb., 11% C ; 2% lb., 12%c: re-rolled (second hand). 7%o. TIES—New $1.16% bunch, second band 61.06. Edited by Joseph B. Lively. MARKETS Mr. Lively’s twenty-fire years’ experience of ed iting markets In Atlanta and the South has made blm a recognized au thority In his specialty. TIPS FLASHED From Wall Street. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Amtl. Copper Am. Ice Securities. .. a Am. Bugar Refinery. . • American Smelting. • • Arm. Lecomtlve. .... do. preferred. .... Am. Car Foundry. . • • American Cotton OU.. • Anaconda, Atchison • do. preferrod antic C. Line — joklyn Rapid T. • . . Baltimore X Ohio. . • • Chesapeake A Ohio. . • Canadian Pacific. • • • •* Chicago A Alton. . . . . Consolidated Gas. . • • • Central Leather „ do. preferred Colorado Fuel k Iron. . Corn Produce Colorado Southern. .. . Delaware A Hudson. . . Denver A Rio Grande. . Is tillers’ Securities.. . Brie. .......... . _ do. preferred General Electric. . .. . Great Western. ..... Great Northern pfd. • . Illinois Central Interboro _ do. preferred Kansas A Texas. .... 48 10% 102 S3 4874 iSP m 3* 30 74% m 26 31 75% 64% sF 81% 82 155 V .156% *MT 11% nv 14* U ii?4 55 127** in * 1 106’ s 118 6% 8 ioe" i,I» Ilf 6% 25~ 2S" NAME OF STOCK- Kansas X Texas pfd. . Louisville A Nashville. Missouri Pacific. • . • Mexican Central. . • . New York Central, a, Northwestern. • , . . National Lead. . • • . Norfolk A Western. . . Northern Pacific. . . . . Ontario A Western. .. , Pennsylvania. ...... .Pacific Mall People’s Gas Co. . . . , Pressed Steel Car. . . Reading . . . Rock Island do. preferred. . . . , Republic Iron A Stool. . do. preferred. . . . , Southern Pacific. . . . , Southern Railway. . , , do. preferred. . . . St Paol Tenn. Coal A Iron. . . , Tdxaa Pacific. Union Pacific. ••••., U. S. Rubber. ...... do. preferred. • • . , U. K Steel. do. preferred Western Union Wabash do. preferred Wisconsin Central. .. , do. preferred » NEW YORK* Following Is the range In cotton futures ln New York todsy: ! Ea| 5 1 11 f! Oct Nov.. . , . Dec Jsn.. . . . Feb March. . . April. . . . May. . . . July. . . . 10.16 10.10 10.29 10.10 io.ii iaf» 10.22 kWiaifc 10.1010.10 10.32 10.26 10.11 10.04 lb’.iolio.ii io.23io.i6 10.22)10.16 0.15 10.11 i m 10.10 iiui io.ii 10.22 10.13-ft 10.11-13 10.31 10.10-11 10.15-17 10.17-18 10.19-20 10.21-22 10.21-22 10.23- S 10.21-23 10.42-46 10.18 10.23- 25 10.24- 26 10.27-29 10.31-33 10.30 Closed ateady. LIVERPOOL. Opening Range. October 6.7$%-6.71% Oct.-Nor. 6.76 -5.77 Nov.-Dec 5.67 Dec.-Jan 6.62 -6.64 Jan.-Feb 6.62 -5.64 Feb.-'March 6.62% Previous :iosc. Close. 1.73 5.78 6.75 6.66 6.61 6.61 6.60 6.61% 5.60 5.89% March-April 5.60 -5.61% 5.59 5.69 Anrll-Mny 6.60%.5.6l% 6.68% 6.59 Jfay’-June 6.60 -6.62 6.58% 5.58 NEW ORLEANS. Following Is the range In cotton futures In i 1 33 1 si Cd y 6ct Nov Dec Jon Feb March. . . April. . . . May. . . . July. . . . io3S io.ii 10.14 i‘0'20 10.2s 10.66 iolii 10.16 ioiii Urt 1O.36IKX50 io.iiio.is 10.0910.10 ioliijiaie WM ia# 16.SU0 10.81-22 10.12-13 10.10-11 10.11-13 10.15-16 10.17-19 10,21-22 10.25-27 10.46-47 10.36-37 10.25-26 10.24- 26 10.25- 27 10.30-31 10.80-32 10.34-36 10.38-40 NOTES ON GRAIN Pointers on Provisions. iesa man z.uw uarreia stunner » preceding week. Th equanttty wae 357.660 barrels, against 316,- and 471,265 In 1906. Two less HAYWARD, VICK & CLARK, COTTON, 8TOCK8, BONDS, COFFEE, GRAIN AND PROVISIONS Carondetet and Gravler 8ts^ New Orleans. MEMBERS; Few Orleans Cotton Exchange. New Orleans Future Broken* Association. New York Cotton Exchange, New Orleans and Chicago Boards of Trade, Datessta* Cotton Exchange. NewYorkCnffse Exchange. Beuston Cotton Exchange, Associate Members Liverpool Cotton Ana New York and Chicago Correspondents: J, S, BACHE A CO., AND BARTLETT, FRAZIER A CARRINftTON, raiYATt wines to all points. The Chicago Record-Herald: With s wild wheat market and a decline for the week of 12c trade In flour has been Irregular but of fair volume, isya the advance proofs of The Northwestern Miller, wired to Logan A Bryan. It la safe to say that salea of Minneapolis mill* during the week exceed ed the output by a liberal margin. The foreign trade displayed unusual Interest In flour, and made comparatively favorable bldg. Even on pateut the demand wag pretty good, and a generous business would have resulted had not mills opportunity to sell on more profitable terms In domestic markets. The Minneapolis flour output last week was less than 3,000 barrels smaller than In the pre ** * “* turned out was 730 In 1906 and mills were in operation today, and should they remain Idle all the week It would - 50,000 barrels reduction. That the week's output around 310,- 000 barrels, against 349,410 a year ago. Broomhall cables that the Russian govern ment has voted $3,500,000 to relieve the dis tress 4n certain provinces, which Include nine Important wheat growers. Rots T. Smyth A Co. Liverpool, Eng land. cabled Furness 1 lately: "Wheat quite sound, unless there la a general break-up In American finances. Reports of rain In India untrue.” . , New England re-sold more oata to Chicago Wednesday than were bought here by the entire East. The money situation was Inching the Eastern dealer pretty hard. Jboae who hid for oata here stipulated that draft should be made payable only on ar rival of the grain at destination. Very similar stipulations accompanied the bids for corn. Tbeso unusual and entirely un acceptable conditions were asked by some of the strongest house* In the East An unusually large readjustment of pro vision accounts has been made In the last four or five days. Longs havo been quietly reducing their holdings und aborts have l»een reducing their open risks. Aa n re sult of the readjustment there has been a change In the lard position. Cash lard, which was 2%c premium over October de livery recently, wa* down at the close Wednesday to 2%c discount. An Important bulletin will soon be Issued by the department of agriculture at Wnjfli- tngton concerning the meat Industry In If* varloua branches. Including production, per capita consumption, and percentage neces sary to export. The Importance of raising meat animals and of slaughtering nnd pack- lug appears In the statement that a capi tal of $10,626,000,000 la directly concerned, an amount flve-stxtbs as large as all capital Invested In manufacturing In 1904, a little greater than the estimated true vain* of all property situated In the aonth central division of states In 1904, ns also of all property situated In the Rocky Mountain and l’aclflc region. SPINNERS’ TAKINGS AMERICAN COTTON 8^-rotary Heater Rive, the taking, of the aplnnera of the world aa fol lows, in round numbers: Thla week 248,000 thla year, against 232.000 laat year, 297,000 year before loet. Total ilnee September 1, thla year, 1.403.000, against 1,406,000 laat year, and 1.622.000 the year before. Of this Northern aplnnera and Can ada took 208,000 bales thla year, agalnet 243.000 last year and 312,000 the year before: Southern aplnnera 423,000, against 419,000 laat year, and 414,000 the year before: anil foreign spinners 776.000, against 796,000 laat year, and 896.000 the year before. THE COFFEE~MARKET. The following Ogurea gtre the opening range and close lu the New York coffee lueraet for today: Opening Range. Close. January •• •• . ..'.60*65 5.70-5.75 February 5.665.70 6.75-5.80 March .. 5.705.*) 5.90-5,85 April 5.80-5.85 6.85-5.90 May 5.90 5.95 6.95-6.00 June 5.80-6.90 5.95-6.00 July 6.80-5.90 9.00-6.06 August .. .. .- ,5.90-5.95 6.006.05 - . .6.96-6.0} 6.05-6.10 September October . November 6.to-5..s) 5.53-6 December 6.60-5.70 5.705 Closed steady. Halea 13,000. COTTON SEED OIL MARKET. i New York cotton •eedofl WHEAT WAS NERVOUS WITH KES HIGH Advance Did Not Hold, Sell ing Back to About Fri day’s Close. Chicago, Oct. 26.—The wheat market wna nervous and prices % to ?fcc higher at the . Cables closed %d higher. The think I’dttek is tnrougn witn ms deal on the bull aide of wheat. The early advance did not hold, and at the end of the first fifteen minutes' trad ing prices were back to about yesterday's final figures. Wheat closed 101%o higher; corn wna up %@%c; oats were unchanged to %c higher and provisions were ?%015c higher. CHICAGO GRAIN MARKET. Following are the Chicago grain and pro visions quotations for today, compared with yesterday’s close: Previous Open. High. Low. Cloy. Close. WHEAT— Dec.... 99% May.... 104% July.... 101% CORN- Dec.... 67% R OATb— Dec..*.. 60% May.... 63 July.... 48% 100% 107% 101% 4H TORK- Jan.. 14.77% 14.90 May... 16.06 15.20 l«Altl>— Oct.... .... Jan... 8.60 May... 8.66 RIBS— Oct... Jan... 7.70 7.72% May... 7.92% 8.00 ^ Ik 59 Vi 69% 687$ IS 1 IS 7.62% 8.37% 8.60 8.47% 8.60 8.60 8.77% 8.66 8.77% 8.66 LIVERPOOL DRAIN MARKET. WEATHER REPOET. WEATHER CONDITIONS. The center of highest pressure Is at Buf falo. N. Y.. this morning, the pressure being decidedly higher over the Ohio valley, the lake region nnd New England, and the tem peratures considerably lower throughout most of the same territory. A secondary high area covers the Rocky Mountain re gion. Between these two areas Is a trough of relatively low pressure extending from north to aouth across the United States, with the lowest barometer at Blamarck, N. Dak. About this eentar the temperature Is 10 to 18 degrees higher than on yesterday morning. Another slight depression remains In the Pacific slope region. This arrange ment of the pressure element Is causing cloudy weather over the cotton belt, the middle Mississippi valley and over the re- S on west of the Rockies. Rain has fallen the last 24 hours In the same territory west of the Mississippi. It was raining at 7 a. m. today at St. Louis, Mo., Shreveport, Ln.. and Palestine, Tex. The eastward drift of the high nnd low CDTTON REGION BULLETIN. mnon mtm turner. r»,itit»n. ill 111 Kn.l St/e. 2 Atlanta, p. cloudy •Chattanooga, cloudy. . . . Columbus, clear xGstnesvtlle, clear Greenville, clear xGrtffln •Macon, clear. ....... x.Montlcello. clear. . . . . Rome, p. cloudy Spartanburg. . . . . . xToceos, cloudy West Point, dear 73 76 84 70 70 79 79 76 77 73 78 bV 47 62 47 45 48 60 40 45 48 48 ;2S :8 .66 .00 .00 .00 .00 .00 •Minimum temperatures art for 12 hours xRecelved late; not Included lu averages. Heavy rainfall (1.04) at Greenville, Trie,. New York, Oct. 28.—J. 8. Bnche A Co.: It looks very much like clearing house till rates will be Issued. It was authoritatively stated last night that clearing house certificates would he is sued today, aud that notification would come out at 11 o’clock. Dumont Clark announced this morning, after the meeting of the clearing house com mittee. that a meeting of the New lork Clearing I/ouse Aaaoolatlon bag been call ed for 11:39 n. m., to consider the ques tion of Issuing clearing house certificates. Town Topics: We do not look for any Imii.^Ilnte great advance In the general market because there will be renewed liqui dation breaking out as new points of weak ness In the banking world develop. • But the Wall street situation Is clonrlug. aud. In our opinion, the market has turned. Stocks bought by the Important Interests for the support of the market will be coming out on the rallies and naturally sharp set-backs are to be expected, but these should be taken advantage of to buy the better class of stocks, ft would be wise to buy Issues like Union Pacific, South ern Pacific, the Hill stocks and Reading for the long pull, as there will be great profits In these securities If held for sev eral months. The Copper metal trade s brighter at the moment, and as Smelters Is heavily oversold It would not be surprising If that stock took the lead of the Indus trials In a sharp rally. Such rails as Baltimore. Louisville. At lantic Coast Line, Pennsylvania, Atchison nnd Northwestern may be bought by In vestors without fear. Shorts are still stub horn, and will he forced to cover much high er If they do not do so soon. On any further decline, cover short cotton nnd wait for a good rally before selling again. We would buy wheat only on the very, sharp breaks for turns. NEW YORK BANK STATEMENT. New York, October 26.—The weekly state- nent of the New York Associated banks ihows the following changes: Loans $1,087,117,000; Increase $10,864,700. Deposits $1,023,772,000; decrease $1,939,400. Circulation $51,398,300; decrease $214,100. Legal tenders $58,283,700; decrease $3,973,- 00. Specie $196,426,000; decrease $8,927,300. Reserve $254,700,700; decrease $12,900,800. Reserve required $256,943,000; decrease $484,- 60. Deficit $1,233,300; Increase $12,415,950. Ex-United States deposits $10,782,600; in crease $9,012,576. MINING 8TOCK8- Coal! 36; _ _ pre ferred 79: Smelting preferred 29; Osceola 75. Market strong. Boston. Oct. 26.—Opening: Butte Co tion 11%; Smelting 27; Nofth Butte Utah Mining 29%; Massachusetts Gas i MOVEMENT OF COTTON DURING PA8T WEEK. Following is the statement of the move ment of cotton Into sight for the week and since September 1, as compiled by Superin tendent King of the New York Cotton Ex change: Weekly Movement. This Year. Port recelpta 321,615 Overlnnd to mills and Canada 19.184 •Southern mill takings 41,000 Gain stocks at Interior towns 69,085 Last Year. 465,878 48,162 Brought Into sight for week.445,884 567.943 Total Crop Movement, This Last Year. Year. Port receipt* 1.566,347 2,169,542 Overland to mills and Can ada 51.388 67,181 •Southern mill takings 239.000 375,000 Stocks at Interior towns In excess of Sept. 1 239.990 202,014 Wheat closed %®% higher. Corn closed unchanged. NEW JOBBING PRICES NAMED ON DOMESTICS. The New York Commercial: In a circu lar tent out Thursday to retailers. The II. B. Claflln Company announced a revision of prices on bleached goods, brown cottons and several lines of colored goods. On 4-4 Fruit of the Loom 10%c Is the uew price, on Lonsdale 10%c, on Hopes 9%r. The firm states that it has a fair stock of goods to offer at the new prices, and that ders will be filled In the order they are received. First hand agents positively'de clare that they are making no reductions In prices and do not contemplate making any. Owing to the unsettled conditions lu the financial world, dry goods commission merchants and selling agenta are advising nil buyers to be cautions In placing addi tional orders for the spring season. It la not the desire of the primary market fac tors to get their patrous to order more goods than can he disposed of profitably, aud there la aouod business Judgment back of their suggestion that buyers move with more than ordinary caution. The sales for the day were not heavy in any division of the cotton goods trade nnd except for some picking up of spots In gray goods ami light sheetlnga sellers did not book new business. 8TOCKS ACCUMULATING IN HANDS OF INTERIOR HOLDERS. steady. Sales, 2,900 barrets. CHICAGO CAR LOTS. Today. Tomorrow. 333 2S7 7.000 t’orn Oats . . . New Orleans. Oct 26.—The Tlmes-Demo- crot snya: ’'Were It not for the fact that the burden of accumulating stocks of cot- ton ln the hands of Interior holders Is in creasing at a comparatively rapid rate, the friends of the staple might find encourage ment In the knowledge that the spinner uiny now buy supplies from the speculator cheap enough to warrant the expectation of u I;renter consumption of the raw mate rial than would have been the eaae at the higher level with the goods trade on the decline. But too much uncertainty lurks behind the day’* financial affairs to Justify the belief that money matters will soon be adjusted to fit the convenience* of every- body or that the til effect In general la not to l*e felt In acute form later on. In the week Just ended stocks of cotton at couuted Interior towns gained 67.000 bales, as against a gslu of last year of 67,0(K^ notwithstand ing receipts at those towns were only 210.000 as ngainst 319.000 laat year. If the crop prove* sufficiently ahort to give the farmer the up|>erhaml In the actual supply and requirement equalization an about-face In current tendency will not long be delayed. But If, on the other band, more than enough cotton has been made with which to meet the world’s requirements the pres ent day trend of supply statistics must sooner or later mean cumulative troubles for the cot ton-producing states. At the mo ment the Texas spot oasis Is on a parity w*tb that of New Orleans, probably for the first time this season, and Galveston offL rial quotation of ll%c for middling Is therefore absurd."—Hayward, tick A Clark. CfffTJMl STATIC*. £ Ttmpirafrt, |j| Mas. I Via. 2 Atlnnta. Auguatn ('hnrlestou Galveston Little Rock Memphis Mobile Montgomery. . . , , New Orleans. . . . ••Oklahoma ••Savannah Vicksburg Wilmington. . . . Trnr Sumer mruu If iu 74 52 T. Indicate. luapprMi.bl. ralnf.IL y„trnluy. 12) For 24 boor* fndlDg I ». iSth meridian tlmt. . Remnrka. IIlKhrr temperature, prevailed alone the Atlantic coa.t and higher minimum temper ature) were recorded on the we.t gulf eoa.t; elsewhere the change, were nnlm- PJflant. li.ln fell over the we.tern hair of the belt. W. V. MARTIN, Observer, Temporarily In Charge. WEATHER FORECAST* Washington. October 26.-W*ather condi- tlona and general forecast: The period of fair weather that has pre vailed for aome days past Is about at an end. During tha past twenty-four hours the general rain area has advanced from Kansas and Missouri to the Ohio valley. The shallow depression that caused this rain nppears to be filling up. hut a second and much more extensive disturbance Is moving eastward over the Missouri valley Rain Is Indicated for tonight and Stidnuv over the Ohio valley and the western por tion of the middle Atlantic states, extend- Ing by Bnndsy night to the coast. Rnln also Is probable tonight and Sunday In the east gulf states. It will be somewhat warm er In all parts of the Washington district Forecast until 8 p. m. Sunday: Georgia—Rain late tonight or Sunday: warmer tonight In central and northeast portions: fresh east to south winds. Virginia—Increasing cloudiness tonight with rain by early morning; Mtindaj rain and warmer: fresh easterly winds. North Carolina and .South Carolina—Rain tonight or on Sunday; fresh uortbeasterlr shifting ts southeasterly, wind®. Eastern Florida—Fair tonight and Sunday- light variable wind*, becoming freah north easterly. Western Florida and Alabama—Rain to night or Sunday; warmer tonight In north eastern Alabama: variable winds, mostly southerly and llgiit. 7 Mississippi-Rain tonight: colder In north west portion: Sunday probably fair; light southerly shifting to fresh northwesterly winds. Kentucky— Rain tonight and Sunday. Tennessee—Rain tonight; warmer In east- ern portion; Sunday rain and colder. Louisiana—ftntn tonight; colder In north ern portion; Sunday showers; light to fresh southerly winds. Eastern Texas—Fair ln northwest: ahow J. J. BARNES-FAIN CO/S FRUIT AND PRODUCE LETTER. Atlanta, Oa., Oct. 26.—Trade has been somewhat quiet thla week. Prices hare been firm on all quotations. Cabbage hat shown a decline of %c per pound ou New York atock. Virginia stock •rnnlns as quoted, and the demand has pen for Danish In preference to Virginia ibbage. Ilutnhngs turnips have been scarce, and te supply not equal to the demand. Irish potatoes, onions, etc., have been -a -,,1^ quoted. apples are coming In. and are lemons, grapes, cocoanuta. dried frnlta. nd nuts showing a ateady demand, prices etnnlnlng unchanged. Eeas are still scarce, all offerings selling radllr at 24% to 26c per dozen. Poultry remains about the snrftc as laat reek’s advices. The demand for fries la nmewhnt Improved, the atock selling from 5c to 82%c, and, offerings have not been ulte so liberal. The market Is now In lief er shape than It has been for the past two weeks. We look for a ateady trade next week In all lines of produce, nnd expect that eggs will ahow an advance by next Monday or Tuesday. TONE WHS CALMER AT M OPENING First Prices as a Rule Show ed Gains From Fri day’s Closing. SOME WERE SHARP Copper Closed 2 Points Up, While Union Pacific Lost 21-2 Points. New York, Oct. 26.-There was a tone at the opening of the atock market to day nnd first prlcia ns a rule showed gains from Inst night. Union Pacific opened l p Pr ceut higher, but gradually loat th** galu St. Paul’sold up n point. Delaware nmi Hudson fluctuated between 129% and r?v ngnlnst 128 last night. The Improved io{>* In the copper metal market caused nu cirir sharp advance, extending to 2 per cent i» Amalgamated Copper, but a tenet Ion of \ per cent followed. American Smelting ml- v»need nearly 1 point. Reading was frac- ttonally higher. New York Central was ex. .. 75 -- S5% - §i‘* NAVAL STORE8. Special to The Georgian. Savannah, Oct. 26.—Turpentine firm at 61c. Sales. 196: receipts, 652. Itoain firm; sales, 2.917; receipts. 2.342; wlndowj^Iass, $5.85; water-white, $5.t64?6.S5; d,’ tt'ioctffic' WILL GIVE BANQUET TO PROMINENT VISITOR8. Special to The Georgian. Ocala Fla., Oct. 20.—On the night of the "comtog out” convention, Novem* her 14, the Ocala board of trade will give a banquet at the Ocala House, to which the newspaper editors, high state officials, visiting candidates and many distinguished Floridans will be invited, and It Is looked forward to as form ing a pleasant ending to the day’s fes tivities. era In southwest and eastern portion; cold er; Sunday fair In northern, showers In southern portions; light to fresh northerly wind* on the coast. * Western Texas-Fair tonight; colder In southeast portion; Sunday fair. Oklahoma and Indian Territory-Fair and colder tonight; Sunday fair. Arkansas—Showers and colder tonight: Sunday fair In western; ahowers In eastern portion. In evidence. Closing bids follow: Railway Stocks. Atchison do. preferred Baltimore and Ohio Canadian Pacific Chicago and Northwestern .j . Colorado Southern Denver and Rio Grande Erie . Illinois Central .. Louisville and Nashville .. .. Mexican Central Missouri Pacific .. New York Central Pennsylvania .. .. .. Reading . Rock Island do. preferred St. Paul Southern Pacific Southern Railway Union Pacific Wabash * Wisconsin Central Interboro-Metronolltan .. .. .. do, preferred Great Northern .. .. Miscellaneous. Amalgamated Copper American Car and Foundry American Locomotive.. American Cotton Oil.. American Steel ting and Refining. American Smelting and Refining pfd.... tt' 4 Brooklyn Rapid Transit &>« Colorado Fuel and Iron National Biscuit National Lead .. Pacific Mall People’s Gaa Pressed Steel Car Sloas-Sbeffleld Steel.. UrJted States Steel United States Steel preferred *>», Western Union.. «7% Mackay Company.. .. 41 Vlrglnfa-C'arollna Chemical 15 MONEY AND EXCHANGE. New York. Oct. 26.—Money on call 50 i*r cent; time loom none. Posted rates: Sterling exchange tu:Q 4.86%, with actual business In bankers’ Mils at $4.815004.8250 for demand nnd none for sixty-day hills. Prime mercantile paper unchanged. New York bar silver 60%c. Mexican dollars 47%c. .. 18% .. 31 ..1034 LONDON STOCK MARKET. Atchlaon Baltimore and Ohio Chesapeake and Ohio .. .. Chicago and Great Western Canadian Pacific Erie do, first preferred Illinois Central .. Kansas and Texas Louisville nnd Nashville .. . Norfolk nnd Western Northern Pacific New York Central .. .. .. .. Ontario and Western .. .. . Pennsylvania Philadelphia and Rending .. Southern Railway Southern Pacific St. Paul .. Union Pacific United States Steel do. preferred jOpncIos r.fiori] wi =«!§ M '157% ,. imm ..I \S\ • I . 61% 6% ,.1102 1« J 28% 3% . 116 im .• M% M :!M .’108\ ..'111 iltlH m ?*» U N I 0 N 14!i SAVINGS BANK Could Building CAPITAL STOCK . . . $100,000.00 ... msou«ch 4% sz60.ooo.oo 4/0 A. 0. BROWN & CO., BANKERS and BROKERS. 30 Broad Street, New York. Member. New York Stork Exchant*. New York Cotton Exchange, t.'hloej') Board of Trade. Cleveland Block F.x- chenge. 36 Branch Office., Including Waldnrf-Aatorla Hotel. New Plain Hr- tel. II Went 36th St.. Flatlmn Bhlx. Marie Antlonette Hotel. ! Eaet 44th SL NEWJTORK. Atlantic City, N. J, Chicago. Clnrlnnx- tl, Detroit, Toronto. Can.. Buffalo. Cleveland, Waahlngton, D. C. Every facility for prompt execution of ordera on all exchanges. Atlanta National Bank ATLANTA, GA. C. E. CURRIER, Preeldent. H. T. INMAN, Vlce-Prealdent. GEO. R. DONOVAN,Caihler. JAMES S. FLOYD, Aulatant Caihler. 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*. Coating and Syetematialng. EMPIRE BUILDING, ATLANTA. GA.