Newspaper Page Text
xHi)j ATLANTA GEORGIAN AND NEWS.
'1 l'i:SDAV, OCTOBEU 29. 1307.
J 8
ATSHARPDECLINES
Declined a Few Points Fur
ther Immediately After
the Call.
LOSS WAS RECOVERED
At Noon Was Selling
Around Opening Figures.
December Strongest.
cotton market this mornlof. duo to heavy
gelling. Tho Hit at the outset was down 7
to CO point! and the break was increased
further if ter the. rail under hedge selling by
Interest! In the South.
There was heavy buying during the flrat
hour by some of the lending short Inter
ests. It was estimated that three or
four of the lending houses had covered
fully 100,000 bales of short contracts since
yesterday morning, and It was estimated
that one Wall street firm bought 30.000
b.-itea this morning nnd another about 20,000
bales. Part of this buying was believed
to be of Iona account. 1'rlces In the middle
of the morning were about ?#S net lower.
Liverpool advices Tdesday morning were
entirely satisfactory to the bears. First
prices lB*dbat center were lower, nnd from
start to finish the market was weak. At
fir close the tone was steady 12^19^ points
under Monday's final figures.
The following Is the range In the active
months In Liverpool today:.
. • . Open. High. I.ow.
Jnnun ry-Februar.v.... ».o) 5.52 5.42
March-Aprli 5.51 5.51% 5.43
May-dune 5.60 5.52 5.44
Dctobar-Xovoiober.... 5.62 5.62 6.49
.spot cottou 1 was reduced 22 ixdnta to 5 83
f..r middling on sales of 8.000 bales.
New York opened in sympathy with Liver-
pool, the decline being sharp at the open
ing. und after n further loss of a few
points tho market-steadied, due to a cover-
ng movement. December was th*- strongest
_ .. _ point;
Monday s dosing, nt 10.10. January ..
points off at MO, after selling at 9.72.
NEWS AND GOSSIP
Of the Fleecy Staple.
Special to The Georgian.
(From Hayward, Vick & Clark.)
Now York, Oct 29.-J. H. Itaohc & Co.:
Liverpool cables were due 10@UH lower on
near and 9 points lower on late months.
Opened Irregular. 8 points lower on uear
nnd . points lower on late months. At 12:15
p* pbjWas easy on near, steady on dis
tant. 10(Q)15V4 lower on near and 7tt9*4 lower
on late months. f*pot cotton easier 22
points lower: middling upland 5.81. Sales
w: American 7.200; speculation and export
500; Imports 14,000; American 13,500.
There are unmistakable evidences that
the Southern farmers nnd planters are let
ting loose their accumulated lines of spots.
I res sure on the cottou market clearly Indi
cates this. The break of yesterday below
10c nnd the sharp decline In spots In Liver
pool this morning confirms this fact. We
see no reason to bull cotton now, the
farmer must let go. Money stringency and
financial unsettlement Is forcing the spot
cottou on the market. We believe that
prices will work lower for the preseut.
General commission house selling. I
which Hubbard was conspicuous, broke
opening, with Wall street principal bu:
The trade expected lower temper
atures In the Atlantlcs than have showed.
Arbitrage houses continue to buy hero nnd
sell In Liverpool.
Hutton covering shorts this morning. ...
bought about 35,000 bales of December and
January.
The market sold off on wenk Liverpool,
due to heavy spot offerings on necount of
domestic and financial troubles here. Pro
nounced short covering has steadied the
marker. Advise strongly against selling
the market now, ns any let up is liable to
bring about a pronounced advance.
Heavy short covering by Huttdn, Hlordan,
Crutchfield la put down to Price.
New Orleans, Oct. 29.—Hayward. Vick &
Clark: Better feeling In New York over
financial affairs, nnd unfavorable weather
should both help cotton. Would rather buy
It.
Good buying now nt the decline,
there are signs that big
hold of cotton lor good,
all the way down.
The break in stock market of $2 to $3
causes dullness in cotton nt the moment.
Believe, however, this turn In stocks is
only u vibrutlou following the great smash
■* recent weeks. Do not look for any per-
anent decline.
Liverpool entiles: “Large straddle opera
tors buying In Llver|H)oI mid selling iu
America owing to light shipment!, on ne
on t of difficulty of financing and financial
upset In America at moment. Broadly, wo
have a favorable opinion of the market,
and think the crop not equal to demands."
Edited by
Joseph B. Lively.
MARKETS
Ur. Urelj'l twenty-nv.
y«ir«' .ipcrlenc. of ed
iting markets Id Atlanta
and th. South h.n mads
him n recoRulMd au
thority In lilt specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
TIPS FLASHED
From Wall Street.
this same Idei
the belle „
quenees. Trade I* suffering ami dry goods
id will pull in
ork. Oct. 29.—J.
roent Ion.
Tho close watt stead j- 3 points lower I Tlie Liverpool''market met' i« li.s-Uuo of
to 8 points higher, the latter for Jan- ! yesterday and further low levels were re-'
uarv corded near the opening. December sold
at fU*5, while January touched 9.72 nnd
. March 9.82 before the selling force spent
nparatlve pori :
elpts
Saturday
Monday .
Tuesday
I 1907.
I 1.732.401
LsflinntoU receipts Wednesday:
190*;.
717154'
79.232
15.652
266.03$"
2.357.614
elf.
New Orleans 1 5.00Mo'7.60> '24,083
Galveston 15,000 to I2.00o
bulls. Reports fn
re Indicate n general
from first hands. Fn-
■essltles of the money
situation,' It is difficult to believe that
farmers nnd spot interests will hold
k th»*ir cotton, ft seems inevitable that
'•'o’osf ‘ prices will go lower. Rallies followed the
for the
the South everywh
movement of cotton
tier the pressing
31,700
SPOT COTTON MARKET.
.\unmo, quiei; uuuuiuig 104-10.
New Orleans, ntendy; middling li)5-li
New York, atcady; middling lo,80.
s.ivanonb. quiet; middling lOc.
Auusta, steady; middling 10 7-16.
Mobile, easy; middling lu*i.
« lisrleston. steady; mbldlfng 10*i.
Wilmington, steady; middling 10V
Baltimore, nominal: middling 107*.
boston, steady; middling 19.80.
Memphis, quiet: middling 107*.
Philadelphia, sfiidy: middling 11.93.
Houston, quiet; middling 10 s *.
Norfolk, steady; middling 1<%
Galveston, nominal; middling lie.
early break, but no outside buying
dent, nnd the market became very dull
the advance.
ATLANTA MARKETS.
TODAY’S PORT RECEIPTS.
The following table shows receipts nt the
torts today, compared with the same day
Inst year:
New Orleans.
Galveston. . .
Mobile. . . .
Kavnflush. . .
charleston. . ,
Wilmington. .
Norfolk. . . .
Heston
fort Arthur. .
Various. . . .
Total.
1907.
14.623
22.623
3,901
23.923
HS
6.104
18.299
57.598
3,298
INTERIOR RECEIPTS.
The following table shows receipts In the
Inferior today, compared with the same day
last year:
Houston. .
Augusta. .
-M<-inphis. . ,
1907. | 1906.
39.839
3.950
6,303
5,859
HAYWARD, VICK & CLARK'S
DAILY COTTON LETTER.
New Orleans, Oct. 29.—There was no
particular reason for the demoralised
••pi ning of our cotton mnrker this morning.
General lack of confidence nnd support pro-
'filed conditions that even the few small
selling orders were not absorbed without
great loss. First trades were nt a decline
of about 16 poiuts. After a little time had
elapsed for reflection, shorts thought It
""i th while to cover some, and they stead
ied the murket. Over night* news and de-
'•lopmfiits were rather more favorable to
*"Hon. The financial situation iu New
lurk Is described In the press tin mending
••n«l confidence returning. If this Is correct,
the market should benefit by It pretty soon.
** • matter what conditions may be else
where. As a rule, wo arc preferably in-
financed by our InuniMllnte surroundings,
*nd, 11 s New York futures nr** now the
standard for most cotton Interests, any Imn-
rilt to that market by better local flunn-
;u>l conditions nnd a consequent change
1" feeling there might niter n good many
1 dngs In favor of cotton. This Jc break In
f lie* past ten days should make It only
•“ore advisable to buy f«r bottom than to
►°ll 011. The present price level Itrolf
• hunges the proposition, although results
•usy not be Immediate. Weather conditions
likewise were In favor of the market.
Heavy rains occurred in north nnd west
and |Jie Territories. Heavy to
killing frost is reported generally from the
northeastern quarter of the lielt. I ml lea-
•jon* point (o continued wet wififher 1«
,h “ western half, and there Is a cold wave
"i'ilying the Rockies which tnay cause
boats In the western belt by the end of
•he week. Liverpool closed at about the low*
•‘M. the nearest positions 19 and the Inter
P"dtlons about 13 down. Gables nil say that
*«• market la affected by the growing bo-
*tef that, owing to financial condition*
hi America, there will be freer offerings.
r **gardless of crop wise, nnd that cotton
•an b« thought without trouble nt buyers
'• rnis. In other worda, consumers bellevo
producers are In n defenseless p**ri-
and that there Is no hurry to buy.
many Interesta aro liearlng cottou on
FRUIT AND PRODUCE.
EGGS—Active. ZIlttHSc.
LI VK I’OULTUY—Nona active. 40©45c;
chickens, fries,’ 27tF940c. Ducks. I'cklt). 35c
each; puddle, 35c -each. Turkeys active. 15c
P Dlfi?88ED POULTRY—Turkeys, drawn,
•ctlve, 20c pouud; fries active, 20#224c lb.
hens. 16c pouud; ducks, drawn, fancy, 16c
pound. .
FRODUCE—Lard. 12c pound: bams active,
|f,c po'tmdc sbntldcrs active. 10011c pound;
sides active. 11c pound; butter, 18®24c per
pound;, bqcswas. active. Ifc pound; hone>
(bright)’active. 13e pound.
Fill’ITS AND Nt-TS—Citron, 25c pound;
almonds, lfie pound; Bmsll, 14c pound;
Filberts. 1514c pound; English walnuts, 15c
lb. Pecans. 14c lb. Lemon pcd. 15c lb.; or
ange peel, 15c lb. Lemons, fancy Messeun,
* manss. 340 lb.: pineapples, Flor-
-4.004K4.59; limes, Florida stock,
„..dred. Peanuts In sucks aver*
aging 109 pounds each, owing to grade,
6t* / fi$c per pound. Florida oranges, 15.On;
dried jymttti. 12012%o; dried peaches. 14ttc.
Figs. $1.23 bo*. l>stes, Mb. package, <Hc. I„
L. Raisins. 12,00 box. Grapes. Concord. 5-
;iouud bucket, 18e; Nettgarns. 20c; Delaware,
:5c. Malaga, per keg. $6,501/6.00. Apples,
Virginia. $5.00; Sew York, $6.50^6.00
VKGF.TANLES—Potatoes per bushel $1.19,
sweet potatoes, 60fl90e. Onions. $1.25 bush.;
Spanish. $1.50 crate; kraut % barrel. $175;
cabbage. X Virginia. IVfrc lb.; Danish. l»*c
Celery, 6<XfilK)c a bunch; per crate, 0 to 64
doncn, $4.76. Cauliflower, 10®12Hc pound.
Lettuce, $2.2502.50 per crate. Turulps, l%c
pdtinri.
RICK-Jap.
head. 7ff7 l V*. nccwmiu* *.*» m«?
CHF.KHF--Fancy full cream. 18c: Georgia
rane syrup, 37c gallon; salt, 100 pounds# lOc*,
axle grease. $1.75; soda crackers, «Hc pound;
lenten, $«•: oyster. 7c; barrel eandy. per
pound. «H<*; mixed..per I pound*. «Mfj toms*
toes, 2 pounds. $2.00 ease; 8 pounds. » »•.
navy l»eans. $2.90; Limn beans. 7c; best
matches per gross. 11.65; inscaronl, *H07e
pound; sardines, mustard. fUt Mar.
BUGAR—Stsndanl granulated 6.80; New
York refinetl. 4.90; nlantatl -n, le.
rriFFEK—Roasted. Arbnckles. 116.00: bulk
In bags nnd barrel*, lie; green. 11012c.
Shredded biscuit. *n.09 case; No. 2. rolled
oats. $3-25 esse; sack grits.-96-pound bag*.
12; ovsters. full weight. 82.25 case; pepper,
18c pound; baking powder. 85 ease; red
salmon. $5 case; pink snlmon. 14.50 case:
cocoa. 45c; cbocolntc. 43MKH sunff, Mb Jura.
48c: roast href. $2.6) case: sirup <New Or
leans). 35c gallon: corn. SPe gallon; notasl
83 254V3.M) case; peanuts. 8c; rope, l-ply cot
»on 22*4c; soap. $1.59(64 case.
TANDY—Slick, assorted 6tye pound: stick
asaortcl. 6%,. pound; fancy assorted, palls.
CUc*. chocolate drons. pulls. 12Hc: Klk. at*
•orled ten boxes 85.59.
flour and grain.
FLO FR—HI cheat patent. *6.25; best pat
ent 15 75; standard patent. 85.50; half pat
ent! *5.25: spring wheat patent. $6 25.
rolls-No. 2 whir,. 5.V: choir, white, sec.
VI,(.,1, S5c. Oracliod ‘corn, 96-pouuil anck.
M ri!ICKRN FRUP-TIftf-pounil aack«, n;
t-nrina chick fccil. II.8R.
OATS- No. 2 whit,. «c: No. 2 mixed. flOcr
Ooldcn Oats. Bo: whi!, cllppod. Cfc; fane,
" r AIKAl.-l’"'l'n.‘ 0 W ponnd «ack,. Sic; «.
pmiml .nebx, S2c: plain. M-ponml rack,, S5e;
8< ilAV—'iSmolhy. choic hiroc,l'ale«. 51.20;
do., choice .mail bales. H.25: Nf;.!.. on,-
iiilr.1 lwl«. JI.Kj. Nn - -
Bermuda. Me.
n,...nTS'-rhalee v.
hritwn 18O to t99 pounu- - .
TOTTON 8F.FD MIC AT/—Prime per ton,
126.90; No. 2 per ton, $24.00; hulls per ton,
Sl ' A PROVISIONS.
!>Rr’V!SI0N8~Supreme ham*. 15e: bei
Ilea LAWS pound* average, lor*; fat hnek*.
Supreme lard. IDS 1‘oHtjr rompound.
3'i. California ham*. We. Kxvlln, »H.
gagging and ties.
BAGGING—ik ;b. 1014e: J! Ih.. llUc; L14
lit lLUe: re-roIle<l laceoml hand). THe.
; rli:s—New Sl.lSii liuneli. .ccond-hnnd
* 1 -*' FISH.
Fffflf—Brenm. 7c pound: snapper. 19?
I'our-'t* trout. »01Oc pound; blue fish. S*59«:
KSd pom pa no. 22Hc>andLm*cksrol, 1JH
pound; mixed fish. pound; fresh water
trout, 19c pound; mullet per barrel, $9,500
NAME OF STOCK.
Atnal. Copper
Am. Ice Securltlss. . .
Am. Sugar Hefluery. .
American Smelting. .
Am. Locomtlve. . . ,
do. preferre«l. . . .
Am. Car Foundry. . »
Americao Cotton OIL .
Anaconda
Atchison . .
do. preferred. . .
Atlantic C. Line. . . .
Brooklyn Rapid T. , .
Baltimore X Ohio. . .
Chesapeake A Ohio •
Canadian Pacific. , ..
Chicago Si Alton. . , .
Consolidated Gai. . ..
Central Leather. . . •
■ d». preferred. . . .
Colorado Fuel & Iroo-
Hers' Securities.
Erie
_ do. preferred... .
General Electric. . .
Great Western. . . .
Great Northern pfd.
Illinois Central. . . .
luterbcro
do. preferred. . .
Kansas a Texas. . . .
.✓Total stiwk sale* today, 63»,79»t shnres.
NAME OF STOCK.
Kansu* X lexus pfd. .
Louisville A Nashville.
Missouri Pacific. . . .
Mtgdcsu Central. . . .
New York Central, . .
Northwestern
.National Lead
Norfolk & Western. . . ,
Northern Pacific
Ontario Si Western. . . ,
Peuiiaylvunlu
Pressed steel Cur. . .
Reading T . .
Rock Island
do. preferred. . . .
Republic Iron A 81091.
do. preferred. . . .
Southern Pacific. . . .
Southern Railway. . .
do. preferred. . . .
St. Foul
Tcbu. Coal A Iron. . .
Tfxas Pacific
Union pacific. .....
U. 8. Rubber
do. preferred. . . .
U b'. Steel
dp. preferred. . , .
Western Uulon
Wabash
do. preferred.
SSI
66V4
96H 94 s *!
52 4f>Vfcl 49 V* I
15V, j 15*11 154*1
IWVs 94*41 95 Vi
6:i s «i «n«ki 69H;
1044 106 Vk I
m
56V4
1
| ■ 28H
114%
m sni m
jjji
jSSl -“ , -
! !'«%
HTk
tf’i. «g|
NEW YORK.
Following Is tha range In cotton futures In
New York today;
.1 i».W| 9.84! 9783; 9.H4
.| 9.68 9.9lj 9.68 9.91
.'10.OOilO.lK 9.9510.17
. 9.S1 9.881 9.72 0.H8
( 9.821 9.82! 9.H2
. 9.82 : 9.95| 9.82| 9.94
V.84»! w!«i:‘ KxiVjojVj
9.86-9J
J 9.90-92
10.16-11
19.87-88
u! 94-95
IM04B
KMC V!
I 9.91; K*.04 9.9l!lQ.04|10.04-05
9.89-90
9.93-95
9.96-ST
9.98-10
10.00-01
10.03-04
Closed steady.
LIVERPOOL.
Following Is the opening range, 2 p. m.
and close, compared with yesterday’s close;
Futures qpeued easier.
Opening Previous
Rauiu* 2 P- tn Close. Close.
October 5.62V4-5.55 5.56V* 5.51 5.70Vi
Met.-Nov 5.62 5.54% 5.55 5.50 5.69
Nov,-Iwe.... 5.63H 5.49*3 5.49 5.45 5.61
Ifpe.-Jnn 5.52 -5.49% 5.49 5.44V4 5.59%
Jan.-Feb 5.50 -6.48*-. 6.«Vi 5.44 6.5S^
Feb.-March.. 5.51 -5.49 5.48*h 5.44 5.5s
March-Aprli. 5.51 -5.49 5.48 5.44*4- '
NEW ORLEANS.
Following Is the rauge In cotton futures lo
New Orleans today;
April-Mny.... 5.5*) -5.49
‘ 7.50 -3.49
Closed steady.
5.49 5.44'«
5.48»i 5.45
5.49Vjj 5.44'j
J.
0
|
*
u
3l
I
fit
X*»v
Dec
Jan
Feb
March. . .
April. . .
Mny. . . .
July. . . .
pm-.
PU>1 P.n>
!i.*8 pl.tr.
flkiiffiUk
V.9S
l’ H.T'j PJ.Oi’
‘i)>6,p)!«Vj
R01|P>.«'1
'.as; j
'D.|W
»!« 96
9-96 1
9.99-10
10.02-1*1.
10.05- S.
10.10-12!
0.INL1K
0.(ft|
fikH-Ki
9-9'92
9.92 93
D.DK-yj
0.02 or*
NOTES ON GRAIN
Pointers on Provisions.
1 alternately bv the strength In the
legitimate situation and the weakness de
veloped by the financial crisis in the East."
said W. II. Lake. "Hard winters are
scarce, having beeu oversold, and are bring
ing the highest premium on the crop, selllug
nt about the same prlc-
ns No. 1 Duluth
>f the hitter sales so far this
exceeded total ssle* last year a ml
re rapidly reaching an oversold eondl-
This In one of the strongest bull fen-
>f the situation. Owing to the tight
. situation there has been n gradual
widening In carrying ehurges. which has
uninviting. Export sales hsve I wen
mala Influence in establishing several
sharp rallies. Outside of this feature,
•ver. existing conditions have been
against any upturn In prices. -The financial
situation has been grave enough to force
liquidation of long wheat by some of the
largest and strongest holder's."
Manager W. F. White, of Finley, Harrell
k Co., says: "The wheat that hss been
told -,by . etmug Interest* bi- tho past few
lays has been taken by local traders who
are guided more by sentimental theories
than by the-facts. In my opinion, these
buyers do not appreciate the seriousness
of the situation financially, or how different
their transactions will appear when It comes
to paying for the property on delivery day.
c. I*. Majors, a former Illinois grain,
denier, now operating nt Twin Falls, Iml.,
brought In a carload of oats Snturdu.v which
sold nt *)0c per bushel. The oats were
raised on Irrlgnlisl lund and weighed 40
pounds to the bushel. Mr. Majors brought
some heads of the growing gralu which
were over a foot in length and made hoard
of trade farmers’ eyes bttng out. Oats In
the vicinity of Twin Fulls this year pro
duced 72 bushels, white barley 64 bushels
GOOD ADVANCE SHOWN !
AT OPENING IN WHEAT!
Turned Weak Later and
Lost Over 2c in Short
Order.
WEATHER REPORT.
WEATHER CONDITIONS.
Special to The- Georgian.
(From Hayward. Vick St Clark.)
Now York, Get. 29.-4. S. Bnehe X C<
London prices a remixed this morning. Cop-
tendency. Hnrriman's are fractionally low
er. More gold secured In London, and
movement Bids fair’ to assume large pro
portions.
Tlie’Hnrrtman nnd Hill npinlous, published
this morning, are optimistic, and both look
tor return to normal conditions. The for
eign comments are encouraging, nnd a high
er level Is freely predicted. The feature
of Loudon market today Is the strength
in Popper stocks. Amalgamated 678 above
our parity, Spot copper had a sharp rise
abroad, showing a gain of £4 15s, and fu
tures £4 10s. Market Ik reported strong.
.Amalgamated will no doubt advance sharply
here, and a higher level 111 standard rails
probuble.
Heavy selling of New York Central. Penn
sylvania and Brooklyn Rapid Transit weak
ened the rest of • the list. Copper seems
to be only strong one.
J. P. .Morgan k Co. announce that they
autlelnute payment of nil coupon* due and
payable at their office on November 1. und
will pay same at once upon presentation.
Tuples; With the fiiinm-lnl stress
through the country, the market
njoy improvement of n per
nent character unlU there has been a u
radical readjustment of affairs In the Invest
ment world. For the time being, the short
Interest and the support offered Im the
banking element will likely keep Slocks
steady, with now and then UftrUaps u sharp
rise, due to the requirements of the bears.
The foreign buying Hint Ims spt In will
likely be of some further consequence, and
the gold Import movement Is i-xpcrted to
continue until $30.00Q.e0't or l43.0W.0iw have
been brought In. while the greater export
demand for our commodities will add to
the Influences that may prove Immediately
helpful. We believe, however, that there
must be a great deni more liqutdatiuii
through the .country iu lands und good* of
all description*, and when this nets in, hard
times are to be looked for wherever there
has Ik»«u excessive over-speculatloii. Cause-
piently, lit our opinion, the further out-
CANADIAN PACIFIC
WAS VERY WEAK
At the Opening It Showed
a Loss of 21-2
Points.
spreading i
can hardly
(gat’d for tho
Harrlmnn and Illlt Issues. Atchison and
Rending, buying them when under pres-
ttro and being content with moderate prof-
Tftls afternoon's steel report will probably
<»t be so good ns the one three months ago.
‘here are too tunny dividends to be cut to
emit of any great bull movement for
nine time. Wo look for a dull and sternly
inrket today.
We can not but. feel bearish on the coin-
lodlty markets during the present financial
tress. We w*oiild sell Isith wheat and cot-
nn on all bulges.
London early prices for America ns eouie
SOLD STEADILY OFF.
At Noon the Loss Had Been
Increased to 81-2
Points.
New lark. Mel. 29.—The renewed unset
tlement on the stock exchange this morn-
itiu did not consist very well with th*
cheer!til expressions of the previous days,
but It did not necessarily Indicate Any
special developments In the financial situa
tion more serious than has already lx*ii
revealed. What happened today was that
leading institution* in their work of putting
their houses in order called a uufiiber of
MINING STOCKS.
and resulteil In severe decline* all through
the market, many of tho leading Issues sell
ing lower even than their low levels of
Inst week. It was espechtly discouraging
that. In this decline, stocks like Pennsyf
vault. New York Central iind the I’nltcd
Htfttes Mtecls, which hitherto had offered
the stoutest resistance, were tho weakest
on the list. The restriction of credit ih
brokerage firms played, of course, an Im-
INirtant psrt In the situation. It deprived
tirfcet of buying power tit a critical
,- nine, ami encouraged fresh aggressions by
speculative sellers for the decline. Th4r#
was n« doubt that short selling had as
J much to do ns real liquidation with the ex
treme weakness.
I closing bids follow:
Railway Stocks.
‘Atchison T4
Atchison preferred.. *7
Baltimore and Ohio 79**
Cauadlnu Pacific 1<S*»
Chicago and North western 129
Colorado Southern IS
r and ttlo Grande W»
' . ml
•,5:9
Calumet Arlr.onn pm. New Have
iiiou l'l'/ii. I'tnli .Mining 33*4. A Ion
Molmwk 41. Market strong.
New York city lint
anil Is now central on t
Tie- high area has nmv«
tral today In- tie* Ohio
eiitrnl
ved northward
oast of Maine.
and its trough mi
Texas north Into
of low pressure Is
Pacific coast. As
•loped In the southwest
w ex lends from western
Nebraska. A third urea
centered over tho north
alls In the state* cast of the Mississippi
ml south of the Ohio valley, while over
of the map cloudiness is tin
ST. LOUIS CA8H QUOTATIONS.
Portland, Ore.,
Wheat—No. 2 red winter .
Corn- No. 2
Oats—No. 2
»; m\ tin'
m fiK '■
41 fit:
[ tbs
I with rain falling „„„
I Portland, Me. The advance of the north
stern higli area causal general frosts In
asterie half of the cotton Dolt, while
at and northwest higher
| In the niPIdlt
temperatures prevail.
•-■I-, im4i 'tuiimr.. ,. ., .. ,,
and ttlo Grande preferred..
l-cie .. „ n:*
Illinois Ceutrul n ..Its*;
Louisville nnd Nashville WVfc
Manhattan ”L" lK* a
Mexican Central 13‘*
m
LONOON STOCK MARKET.
Missouri Pacific.
New York Central.. ..
Pennsylvania
Rending
It«*ek Island
Rock Island preferred..
St. Paul..
Monthern Pacific
Sotiiiiern Rail way.. ..
HTOCKH-
JOpn>‘ PMIC’los
Topper
Anaconda.. .
Ainalgainaleil
Atchison
do, preferred
Baltimore and Ohio ..
i ltfsapcitkc and Ohio ..
Chicago nnd Clreat Wen
i'uuniliali Pacific .. ..
Denver and Rio Grande
do, preferred
Erie
do, first preferred ..
•• -i ? fiH ! {R!.r^
i64*ili&4<4(iMTi
49g! 40*4
today was % to l*4e higher.
ket nervous. Weakness set In Immediately
after tho opening. Trade was light. Cables
were up amartty nnd Broombnll’s foreign
crop suimnury was liulllsh. Love and Fin
ley Harrell were on the selling side, while
Hartlett-Frnzler picked up a littlu May.
Wheat cloned fi-802c lower, reacting
some from tho bottom prices reachyd.
Corn l#l 3-4c lower; oats 1 ‘
lower; provisions 6fyl71-2c low
COTTON REGION BULLETIN.
Csitiisvlfle and Nashville .
Mexican Central
Norfolk and Western
For the 24 hours ending at 8 «. m., t»tl ] SLir'r’ilSeeV **
erldlnn time, October 29, 1907. hV'. , . r ^/ r i 1 *'*
the world’s supplies and outlook. Accord
ing to his view of the situation, the world's
production of wheat Is *6K,O0(»,O06 bushels be
low that of the preceding year suil 232,009,-
U00 bushels less than the average of the
last three years. Including the reserves
carried over, however, the figures of the
world's shortage Is only t\ per rent as com
pared with last year and only per cent
below tho three-yyar average. He claims
that the surplus production lu France,
Italy and Great Britain will offset the
known losses In Germany and Spain, nml
that the quality of all the European wheat
I* so much better than that of the previous
year that it will require a smaller admix
ture of foreign wheat.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS
C.rand.l.t and Gr.vler St*., Now Orleans.
MEMBERS:
$ pnssr wesr g
. Sew Y.rk sod Cklcxco Correwwndeota: __ , J u
J. •. BACKE & CO., ANO BARTLETT, FRAZIER A CARRINBTON,
drivATK WIRE# TO ALL POINTS.
New Vttrt, Oct. 2!).—Tin* lu.fln tempera-
ture was ultove normal throughout the cot
ton region except over the Carolina*, where
there was a slight deficiency. The greatest
excess was 5 to 8 degrees over f.otil*lnnu,
Arkansas. Mississippi, Alabama aud por
tions of Texns.
Showers occurred generally over the cot
ton region except over southwestern Texas
aud lu a few other localities, where no rain
fell. The rainfall was less than one Inch,
except over small areas in northeastern
Texns, southern Louisiana and western
Tennessee. The heaviest rainfall was 3.04
Inches nt Greeuvillg. Tex.
CHICAGO GRAIN MARKET.
Chicago grain und provision quotation*
for today are as follows, compared with
yesterday's close;
WHEAT-
Dee.... 98*4
May.... 106*2
July.... 100*4
COHN—
Dee 57*»
Mny 59S
July.... 59*4
OATH-
Dee.... 49*4
May 527.
July 48
PORK—
Jan... 14.50
May... 14.96
LARD—
Oct
Jan... 8.50
51 ay... 8.67*3
RIBS—.
Oct
Jan... 7.62V*
May... 7.SO
*.72%
7.5o
CHICAGO CAR LOTS.
Athinta, eleiir.' 1
*Ghsttnnoo«u. clei
xMneou. Clear. .
xSlontbello. Heai
x Rome, clear. .
Spartanburg, idea
Toceou, clear. .
West PoluL clear. . . .
^~*.Miuimuiu teiuperaturea
■li
•! a i
.! 60 I
Killing frost at Ailaiita. On. <36>: To* ...
<iu. (29): Hntesbtirg, t'olumbla. Greenwood,
H. (’.: tireeiislioro. Washington, On.; Milieu,
tin. (32): Aberdeen, Miss. 132); Wsyneslioro,
Miss. 13-))
(341.
Heavy frost n
Jendnlc, S. t\.
f. (34». Client'
Term. 137). Ron
tiff), Euf.iuln.
1381. AliierleUN.
Meridian. Miss.
Light frost at West Point,
. S. i’., Nashville. Te
r Kpnrtnnburg, H. (33); Al-
Augusta, Gn., Charlotte, N.
v. S. C. (33), ChattnniMign,
Gn. (23). Greensboro, Ala.
Ain. (37). Thomusvlllr, (in.
Gn. (Tn. Albany. Ga. (38),
Goldsl
, Florence,
l.umlierton. Newborn, Wllmlng-
** in., Montgomery. Ala.,
Today.
jTomorrow.
Wheat
1)7
! 62
('urn
332
I PP*
l OltM.
243
Hogs, liciul
17,00)
j 15,000
LIVERPOOL GRAIN MARKET.
Wheat opened higher nml at l:
t. lVi higher.
Corn opened unchanged to >& higher
t 1:30 p. m. unchanged te *4 higher.
believe that the financial atmosphere
have cleared by that time, and that money
for legitimate commercial use will lie forth
coming as freely ns nt normal times.
There Is. however, an uncertainty abont
the situation that Is causing some nnxlc'
On **otton goods In first hands the marl
is Iteeomlng steadier on goods sold on con
tract. Any disposition that sdlers showed
early last jv*«‘k to let good* go at a price
has disappeared. The tevIsUm of bleached
cloths by JoT>lx*rs has in no wise disturbed
flr«t hand values. Hevernl of the largest
handlers of fine bleached cottons declare
thru on any good* they have coming through
free of order they esu get top prices from
cuttcrs-up. While this Is admitted, the
]4>bbers are making attractive offerings of
4-4 and wider bleached goods it reduc
tions «»f from 7015 per eeut. The ptitters-
up and retailers who are buying find that
the Jobl*ers nave no m»re than a moderate
supply of the leading tickets. The lower
uuontlon* on row silks have nAt caused
siik piece giHNls manufacturers to revise
prices on spring offerings. It Is declared
that the finished product is now on as
low a basis ns It cun lie merchandised at
a profit. Importers of household and piece
giMMl.s linens find their stocks and re
sources insufficient to rare for spring trail*.
The si-nrelty fn this class of goods keeps
the price firm in all bands.
Print Cloths Sell Off.
Dtwer prices were quoted on Saturday for
narrow ud*h» for delivery during January
ami February. Several brokers mado 4
concession **f *4 of n rent on 28-Inch «4 by
(IK bringing the price on contract down to
4V. Regulars were sold at 5*4 for Febru
ary delivery. On wide gray gpods the. only
active buying was for Decctnl>*r delivery.
Standards smd for iHe-htw JMfteh 68 l«jr
72s were i»<fc>U)fcBd nt *V- A dlffcrem-e of
t H e*-4*' Is mad** on distant delivery of th«*«e
■sis. * * . . ' -
THE LIVE 8TOCK . MARKET.
Chicago'. Oct. 29.—Hogs—Receipts S.uOO.
Market for gooil strong; other weak: mix
ed JS.HTKiO): heavy $5.»>fr6.2p; rough. $5.31%
£.4t; pigs fiyorkers W.P8R4.I5.
^ Cfitue—Receipts 6.500. Market weak t*» 10e
lower; Peeve* $2..V*r6»; calves $4.501i6.7o;
Texas steers $3.40f(6.20: Texns cattle $34i
5.60; at*>*‘kers aud feeders $2.3-MM.40.
Hheep— Keoelnt* IfiOto. Market 2<>R30** l«»w-
or; natives $2.50695.2); western $2.50^5.13:
yearlings $5^5.70; lambs $G0fi$.9O; western
IfiSOftfi!".
THE SUGAR MARKET.
... . _ London lieet sugar market
was steady with October and November
down a *«I each at 9s 3d for tmth positions.
THE COFFEE MARKET. .
The following figures give the opening
range and close In the New York coffee
market for today:
Opening
January ifR
February
April 5.75-0.
April
Jlny . .5.80-5,90
Juno <',5.h0n».l*#
July 5.904.95
AtUtllSt ,. •• .. . .5.9*)-6.(X>
September
tb-toiler .. ..
XoTCmbrr 34tf-5.«ft
iH-ccmbt*:- ..5.014.1»
t'lepisl quick l*sb*S Uj'tW iNtgS.
(D4.«
664.70
704.75
75-5.80
804.85
i.85-5.fiO
AtTsnta. . .
Augiistn. . .
< 'bn i leston.
Galveston. .
Little Reck.
.Memphis. .
Mobile. . . .
Montgomery,
DISTRICT RVilHCeS.
4 reffpcrjfvrt.l ,-nJS
lit— k,!
III
»* i
T. Indicates inappreciMble ruuwall. d) For
yesterday. 1 12) For 24 hours cudlng S
Remarks.
L»»w**r ....
Hons *.f the Is-lt. with killing fr.
the uortheni (Mirttou of the eastern half nnd
light to heavy frost la the gulf eoust; the
western hair was prneitenlly free from
frqst. Light rain fell in Galveston dis
trict; clear weather was general elsewhere.
J. R. MARHFRY, Heetloi) Director.
WEATHER FORECAST.
blngtou, t )et. 29.—Weather conditions
cue ml for»i*nst:
storm that was central over the New
Jersey coast Mon.lay morning has iuovimI
slowly northeastwnr*l to the south New
Kuglubd coast. Rain enntluncs in New Fug 1
land, nnd rnlu has lieen folbme*! by clear-
* g. evNiler weather hi the middle Atlantic
lies. As foreeuste.1 Monday morning,
*►1 has occurred generally ihr.mgh.mt the
nth Atlnutle nn.I east gulf states. Tem
peratures have risen iu the Mississippi nnd
Missouri valleys, nml scattered ruins have
■ctirred from the Mississippi river to the
•sky Mountains is also re|H.rte.l this
ornlug ou the north Pacific c*»ast.
Fair and cooler weather la Indicated for
might lu the middle eastern and sontheast-
u states, with frost lu the Interior of the
mill Atlantic states. Wednesday will lie
sing temperature iu the east
rain Is likely to occur iu the Ohio vgl-
RMi ley.
5.904.96 Foreesst till S p. m. Wednesday;
5.95-6.00 Virginia—Fair nml «i»oler tonight, with
5,954.99 minimum temperethre atemt 96 degrees: fair
5.504.55 ami warmer Wednesday; dfminisblug north-
5.504.55 Westerly »lll*».
5.i7>-5.65 North t'itrollna. South Candlua ami Geor-
gfa—Fair t»nlgbt nml We*ln*»s*lay; frost to-
ond preferrml ,
Il«H-k Island
Southern Railway
preferred .. ..
I-Vi ion” Pgctffe .. ..
F til ted 8 tales Mteel
do, preferred.. ..
iisii
78*2
67*4
..im
SRn-sn#
II
4i
67*4 «
KG*, P
110*3 H
23*4 :
THE METAL MARKET.
New York, Oct. *29.—At the local
metal exchange further sharp advance
was scored in copper of 3-4 to lc.
Tin was strong.
other commodities were unchanged.
—shifting to northeaster^
Kasleru Florida—Fair tonight aud tomor-
iu-; warmer lu northern isirtlou Wednes
day; light to fresh northeasterly winds.
Western Florida—Fulr tonight aud tumor-
>w; light frost lu the Interior touight;
(inner Wednesday; fresh northeast to east
bids.
Alabama—Fair ami warmer tonight, nnd
Wednesday; light •<> fresh easterly, shifting
to southerly, winds.
Mississippi-Fair and warmer tonight;
showers Wednesday; light lo fresh easterly
-shifting to southerly—winds.
Kentucky and Tennessee—Increasing
cloudiness and warmer with ruin In western
tmrtloh tonight; Wednesday rain and warm-
Louisiana--Khowers In northern: fair In
southern portion; warmer tonight; Wednes-
Iny showers uiul warmer; fresh easterly
winds ou the. coast.
Eastern Texas—Khowers In southern, rain
and warmer In northern isirtlou tonight;
Inlerborotigh-MetropoiltAii.. ..6 5^
do. preferred t3%
(treat Northern Ito’i
•snoau«||S9t|pj
Amalgamated, t opper 49’-4
American Car and Foundry 24U
American Locomotive 35}*
Auidricnn Tobacco r
American Hot loti OH 24*- -
Americaii Smelting nml Refluiug .. .. 6881
Colorado Fuel aud Iron
.National Biscuit
National Lead .. .. .. .. ,
Pacific Mnll
People’s this
Pressed Ht***d Car
Sloss-Hheffl.dd Uteri .. .
Htigar
Tennessee Coal und Iruu
Fnltial States Kteri .. ,.
tlo, preferred .. .. .. .
Western Lulon .. .. .. ..
Msekay eoni|innb‘s .. ..
•lo. preferred
0 MONEY AND EXCHANGE.
New York, Oct. 29.—Money on call.
Dm,- loan* Hrm: *n d*y». Sip
« 1-2: 90 Bay., 0@G 1-2; KIx month,, «
l*r cent.
Fnste,l rate.: Sterllnr exchange.
1-3, tvlth ncttiaj bualne.. In
hunker.' bill, at i*.l8t>«e4.l* for de-
mnnil, nnd H.TTSOtf *.T8 for 60-dny bill..
Prime mercantile paper nomlnnl;
price# rtniged from 7 1-S#10 per cent.
London bar .liver, 37 J-2d: New York
bur .liver, r,9 i-sc.
Mexican dollar., *9'1-3C.
GOLD IS IN DEMAND!
SELLING AT RECORD PRICES.
leomhui. Oet. 29.—The rise In fho discount
rate lu the Imperial bank of Germany
makes it nluinst certain that th* Rank of
Hngland will* Advgiiog Iti rate on Thursday.
The only restralut upon the aetlda of the
director* Is the indtijpoalMon to add to the
embarrassment, of Ike American si tint tion
or to Interpose olutseles to the relief of
New York money market. Nevsrtbtless
fact that Imlh Paris and local Interests
igftlnst the I’tilted Slates for th** bbuth
Afrbali gold which came to New York Is
an Illustration of the keenness of the mon
etary stringency developing In Kurepo. The
gold secured for New* York cost *8a Hd ner
ounce, which Is 2»4d above the price ruling
last week and Is the highest price for hsr
gold sineo Hep tern her, 1906. when bar gold
sold at 78s id. American eagles were with
drawn from the Bank it a price of ?€« 9*1
per ounce, which Is ft%d higher thau the
quotation of last week aud Is the highest
price paid for eagles in a number of yesrs.
fresh east to south
Wednesday show
Iml* oft the const.
Western Texas—Fair In northern and
iKifhwrstcrn; showers In southeast t»ortion
might. Wednesday fair,
okhihoum aud Indian Territory—Hbowers
ml wanner touight: Wednesday fair.
Arkansas—Rnlp and warmer tonight;
Wednesday showers und warmer.
4%
SA
CAWM
4%
UNION
VINGS 6/
Gould Building
L STOOK . . . ff 100,
IIIOURCII
S 2 8 0(0 00.0 0
4°«
INK
>00.00
4%
fair.
—
Atlanta National Bank
ATLANTA, GA.
C. E. CURRIER. Prnldcnt. H. T. INMAN, Vlee-Pmldent.
GEO. R. DONOVAN, CMhltr.
JAMES S. FLOYD. Aifiitant Cottier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
THE AUDIT COMPANY OF NEW YORK
Ike Oldest and Foremast Corporation Fngiged in lcccunlin{
1310 Candler Building.
HARRY M. RICE
Southern Manager.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS- AUDITORS AND BANK EXAMINERS,
Auditi. Special Examination,. Coating and Sy.tematizing.
EMPIRE BUILDING. ATLANTA. GA.