Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, October 30, 1907, Image 11

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I BETTER THAN DOE Heflected in Sharply Better Prices in New York ' Early. HARD RAINS IN TEXAS Firmness Developed in Last Hour and Prices Ad vanced Sharply. New York, Oct. SO.—Under tlic influence of stronger cablet from Liverpool and re port* of n sever© storm at Galveston, the local cotton market upeued firm at an ad vance of 7 to 9 points. The list was sus tained for aome time after the call despite the fact that there was heavy pressure from local sources. Liverpool advices were encouraging to the bulls Wednesday morning. Advances of 166 K olnts on the near and 2ff2% points would ffve been a full response to 4he better near positions were $ points higl the late months were 7 points up. Cloa* lug figures showed considerable Improve ment over the opening, prices leaving off 8 013 points higher, with the tone barely atetdy. Following la the .. ■ mouths in Liverpool today Open. January-February 5.51 March-April 5.62 r».« May-June 5.i3 5.53 5.49 Oetober-November.«.. 5.50 5.61 5.57 Spots were marked up 6 points to 6.87 on •ales of 10.00ft bales. On the HtreuiMli of Liverpool, together with a severe rain storm at Galveston, the New York.market for futures started firm 709 points higher, but after a slight fur ther improvement a slightly easier tone de veloped and prices declined a few [mints. The ninrket during the Inst hour turned decidedly strong nud under active prices were advanced rapidly some points above the prices of • The close was firm ‘f Tuesday’a final flgur* ngo in the active High, Low. vc trading ae 19 to 2 the morning. Special to The Georgian. tFrom Hayward. Vick k Clark.) ~ " —J. H. liacbo & Co.: due lft6 points higher New York, vt-». Liverpool rubles w ou near and SC2% point* higher on late NAME OF STOCK. months. Opened steady 8 points higher .... • points higher on late months. At 12:1a p. ni„ was steady 7<&10 points high* er on near and 507 points higher on-lute months. Spot cotton in good demand at 6 P/dnts higher; middling uplands 5.87; sales ln.ooo hub's; American 8,800; speculatlou nml export 5U0; Imports 21,0W, Including 12,200 American. Liverpool comes higher, giving a full re- aiMinsn to our market yesterday afternoon. Shorts were responsible for yesterday’s re coveries. Technically, the cotton market was in an uncertain position, with loo many hears. Fears that the farmer nod planter would he frightened by the deviln- lug ninrket’nud let go big Hues of cotton did not encourage hulls and brought about indiscriminate short selling. The sharp ral* lies late yesterday and this morning In Uverpool Is a result of this oversold con dition. We think If safe to wait for a little higher level before selling again. We _ do. nreferred believe lower prices will prevnTl ultimately. Market steady on reports of a storm In Galveston. Think cotton should advance on this Gal veston storm news. The following are the IV a. m. bids: Oc tober 10.03; December 10.32; January 9.97; March 10.03. New Orleans. Oct. 30.—Hayward, Vick & Clark: Liverpool better than due. Futures 67/S uj^ngalust .3 up due. Spots G higher; Weather map so far shows generally cloudy In the centhritl belt. Itnln in central nud western belt. As wild several times before, we are going to have a bad win ter. Any delay t » harvesting bj er is helping ration a good'deal. cut conditions, as It checks demands ou banks. Houston wires: “Terrific ralu storui last night, amounting to nearly a flood, Galveston wires down this morning. The Western Union reports cable down here and at Galveston, on account of a box car being blown across It near the bridge across the T»a.v. Weather map showed 4.18 inches of rain at Galveston. Texas wires: “Heavy rain storm ip south Texas. Wires down." Caused some short overlug. and a little spurt In the market. Edited by Joseph B. Lively. Mr. Lively’s twenty-five years* experience of ed iting markets In Atlanta and th* South has made him a recognised au thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Auial. copper Am. Ice securities. . ; Aui. bugar Hennery. . Americau Smelting. . Am. Loeomtive. . • . do. preferred. . . . Am. Car Foundry. . . America u Cotjuu OH. . YARN PRICES IRREGULAR; STOCKS ARE ACCUMULATING. 19^7. } 19U6. t 19u5. Receipts Shipment* Stocks 107.635 i 147.335 1 132,41ft 77.902 118,967 1(19.535 273,737 250,124 341.507 Comparative port receipts: r iwt. 19u6. Saturday Monday Tuesday Wednesday 1 4G.3M ] K.5M TO.SB !. 60.332 7i.isr 79.232- 115.652 100.314 Total, four days.. Total slneo Sept. I 225,890 ! 1.782.753 3o*J.3R2 2.488,786 Estimated receipts Thursday: 1916. New Orleans Galveston .... Houston ...14.90ft to 17,000 Missing .... 6,000 to 7,000 7,011 26,254 10.415 SPOT COTTON MARKET, Liverpool, steady; middling 5.S7. Atlanta, quiet; middling l"*I-K New Orleans, steady; middling l‘*V New York, stead; Savannah, quiet; Augusta, steady; nuumms urs- Mobile, easy; middling; l«V t’harleston. steady; middling 101-16. Wilmington, steady; middling 10*4. Baltimore, uoinlnal: middling 10^-16. Boston, eteady: middling 10.90, Memphis, quiet; middling 1018-16. Philadelphia, itead/: middling 11.1*. Houston, steady; middling 10%. Norfolk, steady: middling lo%. Galveston, nominal; middling 111-1«. TODAY'S PORT RECEIPTS. The following table shows receipts at the torts today, compared with the same day last year: New Orleans. Galveston. . Mobile. . - - Savannah. ■ - 4’harlcNton. . Wilmington. . Norfolk Baltimore. . . New York. . Boston. . . . Philadelphia. Pensacola. . . JUrt Arthur. Pacific const. . Various. . . . 10,21ft ll.ooo 2,492 5l! 082 3.22! 3.387 HAYWARD, VICK A CLARK’ S DAILY COTTON LETTER. New orb-aim. Oct. »i.-Althon,h Llyrr- I1.10I wm «|Ulto «h<i.ura*lnx thla tiioriilox. With fiitur.-, MVenl point* hi** 1 * 1 {JJ* ihw an.I ,p«t« tlrm, with hirye afh*. ' —— lint,.. rtl«|M>«ltlon <m our *M« to *up- ,i..(i,.|fll Ulrttrilat In till- port th.- rrai-Mun. Orm-rnl dlairnat In tin •urrhunillng. uf wrttoa I* charljr »»*ln*t •> Of cow ran. In fon-l,n mark.!, whcrntlnnil- ■ lal eoodUlonx urn uurraal. ho In-llrf tlmt unfavorable ouLlil. Inllnonroa hara about apont Ihi'lr la wore iiulrklr •'"'"‘’L nml will isinio « amldi-n rjaaga *n<J »* wo bnv.- anon twliijr In Llvrrpool, ' 1 It roumlna to In- •»"••» »’liotbor III tlona oro rurroc l. I In- Kovi’rnoi liaa dor In rod Bvo Irani hollila, tin* InabOlt/ "f Ixnka Eastern banks nud •»© cnlcula- .r of Oregon , s. owing to ... make ea«li loans. - ' «l"' k exrlinuiTO hnvo ai:rood to aiianoml Imalnoaa nntll uoil Jlou. day to prevent tin* reckless slnught* r or aojtirlilra. foUowlnir IwMIUir to foi normal l.nuk aaalatanro. On Iho olhor linud. ; olol newa from Now lark I* Iwtter. Tin lutuorlntlou of *akD*M»> B'dd. to Jw ™ lowed up I|J fnrlbor Inilnirla la anld to uronlljr rollovo the altnnllon thoro. but. In thahe trouldoaa Hum, «tfjr on* for Wm- aolf llrai. Reporla of laid wentlior from -rrxna. • rnln alorm paaaliilf Into aontb r«- ns Induced some short coiering. anu a n Jovery of 10 points In futures during: th© first half hour. The weather map shows irlnAi-nl rnlna some heavy, also In the cen- ir“d’'w!mv; u w«i'h« Vr^ilVi%r,";n"n, ariSo'i'fi 2m!hl 0 mot.nKlj!v s?S. a Kr!f , si sffl sssev ssLffi? plete weather map 11« $!* 2?nr b |ow * tmnpera.urea la SliTlS lb* nort7weai. Itnlujr weather fa* generalT Indicated for the belt. OtThM gu Sbi xwis&p New" Y«” eh”'ked burin* "» the wMtber further... as to the new business, or a firmer prl situation. Some sninll lots of yarn nre being picked up from tliue to time, but these sales arc not of sufficient slsc to stiff en up prices any. Reports are coming from various quarters of tue market to the ef fect that stocks are gradually accumulat ing with dealers. Yarns which were con tracted for Mime time ngo by dealers nre beginning to |»o delivered by spinners, or ,siul knitters seem'to have enough on band st the present time to carry them. Spinners ure still holding out for prices which are considerably above those obtain able In this market, and will eontlnno to do so. It Is believed, as long ns they have enough orders on Imml to keep their plants running. Fine counts show further weak ness. as there is practically nothing doing on these numbers. Other prices nre very Ir regular. according to the quarter of the mar- ket in which they are quoted. In some quarters prices ou the same counts show a difference of fully , i6V. due to the Stork that the seller haptiens to have ou hand. Several spinners have been In the market during the past few days for the purpose of slslng up the situa tion. Some are reported to have come down In their price Ideas after finding out conditions prevailing to be worse than they expected. Print Cloths Move Slowly. Except for purchases of regulars there was very little doing Monday In the print cloth market. Several of the large selling agencies have been able to sell spots In w)dc good* a« «!i«\ but on near by de liver? and future delivery, these, 'a* well ns all other wide roust ructions, are selling off. So large purchases of wide goods cloths produced In Eastern said to equal the call* made i order, and this helps to sus- Atlantic 0. Lin*. . . . Brooklyn itspld T. . . Ibtitfmors A Ohio. . . Chesapeake- A Ohio . lanadlao Pacific. . .. t blcauo k Alton. . . . Iousolldated Gai. • . . Central Leather. , . . „ ,<lo preferred. . . . Colorado Fuel k Iron. Corn Produce t olorado Southern. .. Delaware A Hudson. . * Bio Grand#. Distillers' Securities.. , Erie ' ' rto « Preferred. , . , General Electric. . . . Great Western if"* Northern pfd. . Illinois Central Iuterboro „ do. preferred. . . , Kansas k Texas. . . . 23% & 52 1 IJTf 1 H03 >?>1 NAME OF STOCK. Kausus A lexn* pfd. . Louisville A .\a»tmUe. . Missouri l’sciuc. . . . , Mexican Central. . , , New York t.Vuirul. . . .Northwestern National Lead. . . . . , NorIoik \ Western. . . , Northern Pacific. . . . . outurln & Western. . . , Pennsylvania Pacific Mull People’s Ga* Co Pressed dteol Car. , . . Beading Bock island. Uo. preferred Republic Jrou A fite'H. . do. preferred. . . . . Southern Pacific Southern Bailway. . . . do. preferred St. Paul Tenn. Coal A Iron. . . . T#xua Pacific Union Pacific U. S. Rubber do. preferred Western Union. . Wabash do. preferred. m.... 96%! 97 128 , 128 35 I 37 Mr G0%| 62 29 l 29% .. !» I 39% .| 109%' 112 •! iH *■ m n 8^ St % ' 18% 104% m 22% 81% 62 8% 14% S3 LU 64 94% 49% 13 95% 128 36% 61 27% 110% 20 73 17% 75* 13% 34 &t 66% 12% 39% Total stock sales today. 929,100 shares. NEW YORK. Oct. . . Nov.. . Dee.. . Jan.. . Feb.. . March. April. . May. . July. . lM.oi Y-Mt: i n it Il0.10il0.19 lO.lOj 0.10|l<i.07-08! 10.15-20 10.2) 10.45,10.44-45 9.91 10.12 JO. 11-12 . 10.13-15 n ,a It IA Il ls 9.9710.1510.14-15 10.18-20 10.96 10.24 10.23-24 •TmTo 19.90-92 10.16-17 1-9.87-88 9.!'2-94 J 9.94-95 10.00-02 10.02-03 10.07ll0.25ll0.25-2G|10.04 06 LIVERPOOL. 5.61% 5.G4 5.69% 6.62 2 |». m. and close, compared with yesterday: Futures opened firm. Opening Previous Range. 3 p. tn. Clone. Close. October 6.69 -6.61 “ Oct.-Nov 6.59 Nov.-Deo 6.54 -5.5.1 Dec.-Jan..,, 5.53 -5.52 Jan. -Feb 5.51 Feb.-March.. 5.62 -5.61 March April.. 6.62 -6.60% 6.52 Anrll-May.... 6.62 5.52 Mny-Jnne.... Ut 5.51% 3.53 _ June-JdlT..... 5.50 -5.60% 5.51% 5.52% 6.44 1 Closed barely steady. NEW ORLEANS. Following In the range In cotton futures In 4let. . . . Nov.. . . Dec.. . . Jan.. . . Feb.. . . March. . April. . . 1 9 a l u>w : 11 j it 9.9610.25 9.91I10.29(19.20-21 ! ! 110.22-r 9.99j 10.30 9.9nil0.24|10.24-i .. » 10.26-28 ( io7o6'i9.s410.0610.31 taabsi Al> May. . . ...— July. . . ., 10.17jI9.17ll9.15jjo. 15| 10.37-39 1 ho • J stead 9.99 9.96 99 9.94-96 9.96 9.99-10 10.02-04 NOTES ON GRAIN Pointers on Provisions. SPOTS LOWER TO SELL! LARGE BUSINESS DOING. New Orlcuu*. Get. 30.—The Tiincs Demo- erst: “Yesterday's cotton market merely harmonised with environment, though cu mulative effect of current far-reaching events was apparent un the minds of the disappointed owner of the actual stuff, nud spot* were lower to sell. Savannah drop ping 5-16 to 10c fiat. On the other hand, rel atively a large business lias tieeii doing with fcuro|M\ and exporters nre experiencing lit tic difficulty in placing nil the forward rolton they cab* to obligate themselves toi deliver. Old business is extremely difficult I ito complete, simply because every banker In the land has placed au embargo on th« 1,uvlug out of actual money, the only ine dltiui of exchange th© farmer knows nnyl thing nlwMit. Savannah clearances were 'large, but the cottuu had already l»ecn| financed when existing Btringonry heinn to become sent©. Old enterprise* of nil sorts In the main continued ns before, but In ■o *»eet Ion of the country wore new ones Uriously planned liecntise of the uncertain- «fo things he esu not do without h nnless freer selling by the Interior shall destroy the premium at which spot cotton 14 held over paper contracts. Once the American financial situation ulmll have been restored to the normal, demaud for actual cotton with which to fill delayed commit ments should spring tip. the sale of ex change against stiefi purchases f»our fresh millions Into the Mouth, and general relief throughout the cotton belt come. —Hay ward. Vick k Clark. THE COFFEE MARKET. The following figure* rlv© th© opentnx range and close lu tba New York coffee market for today: January .. , February .. March April May June July August * Hepteniber .. .. October November .. .. lKH*emlier .. .. t'lo«M*d steady. Opening Range. , 5.66-5.71) 6.65-5.70 5.70-5.8) 5.75-5.85 6.85-6.90 6.85-6.90 5.904.06 5.96405 6.00-6.65 V. '.*.",.6*60465 6.60-6.55 Males 9.3U0 hags. 5.66 j.ti.' 5.W-5.75 176490 5.80-5.85 5.865.90 6.815.90 5.90^.00 1IS409 1004.06 6.604 f 5 6.504 T 5.004.66 Chicago ltecord-Herald: Much liquidation of long wheat held by strong speculator* was under way all last week. The extent of the attendant decline Iu values was sur prisingly alight. Uontinucd foreign buying of cash and future deliveries struggled an a market Influence against the depression Injected by the financial troubles Lust. The future of the market depends very largely on a continuation of the Europeau demand and on the disposition that farmers will show as to marketing or flnandog their .Here*Is little doubt of largo foreign ne cessities. hut the trade has many doubts os to the extent to which these have been supplied either for near or Inferred deliv ery. The technical speculative position in the European grain centers It also • ®*t- ter of some couccrn, the unanimity of tue bullish sentiment the world over during the last three months having become well ^ Tight mouey In the East luis restricted the operations of dUtrlbntorS|^there^wno _during »«« . jc-,—-———*- n?id slow service In the winter. Not only have the Eastern distributors lieen largely shut off from msklur new purchases, hut they have lu many Instances been unable to meet drafts mail© against the property that they hud previously bought, and widen was already en route. This. In turn, has 1 brown the grain back on the market. The latter In fuet has been largely In the hand* of resellers most of the week One unusual result ha* been to force old crop cash corn to a discount from prices prevail- WHEAT OPENED WEAK AT SHARP’DECLINE Liverpool Was Weak and Northwest Receipts Were Large. 8T. LOUIS CASH QUOTATIONS. Wheat—No. 2 red winter 9*1 ftv7 Corn—No. 2 W 4M 1 , Oats—No. 2 4. Irovlde a supply at this season to ng the periods of rail bl.oekadea receipts weye the Chicago, Oct. 30.—Wheat opened with extreme loss of l%c this mortring. drop * WEATHER REPORT. WEATHER CONDITIONS. Cloudy weather prevail* today over the entire country, and rnlli has fallen over the Mississippi valley, the southwest and ou the north Atlantic const. The pressure has Increased rapidly In the east and north east. while the center of the high area hn* remained practically stationary over the Great Lakes. The barometer has fallen In the southwest and In the northern Bocky Mountnlu region. The center of lowest pressure is In northern Montana. Bain was fulling this morning at St. i*nul, Cincinnati and Little Book. The temperature has risen considerably over most of the eastern hair of the cotton belt, while over most of the northern half of the map lower tempera tures " The dec wet, will rnln In this warmer toulglit •aslng pressure from the 1* unsettled weather with tlou tonight and Thursday; COTTON REGION BULLETIN. TIPS FLASHED From Wall Street Mpsclal to Th© Georgian. tFroiu Hayward, Vick k Clark.) / New York. Oct, 30.—J. M. Ilache k Co.: Americans In l^udon Irregular. Beading weak 2% lower, Cunadlsu Pacific 1%, Cop per %, New York Central steady 1% higher; Steel common off %; preferred u;» %. Ad vance In hank rate tomorrow nrobfbie. There was couslderahlo surprise rssterday St weakness In Pennsylvania and New York was hut natural. The advance In Copper metal was ex tensively commented iip©n. and some doubts exist as to the stability of the udvauce. The Isuiklii/, position u working out sat isfactorily aud uo serious decline lu the market from the*prr*ent level Is looked for. Steel statement was well liked, and wheu the steel rail question Is settled a large liquhlaflou that came on the market yes terday Is likely to he followed by consid erably more selling of a compulsory char acter. At the same time, there Is prac tical/ no buying demand except from tboso around before the end of the week. Europe has again turned to the sell Jig side, and it 1s more evident that the situation lu con tinental ccntc.’N Is not so strong ns had been homil. especially In-view of flic advance lu bank rates nud the competition for gold In I*ondon. There Is smile desultory odd lot buying by the public, hut this as yet Is of Inslgulflcsnt proportions, and Is perhaps not so large as the selling on the part of the odd lot buyers who entered the market ear Her lu the yeari The Steel corporation'! report, while so far ss earnings are con corned Js not unfavorable, can not b© re garded as n h'jHIsh document In view of the falling ofT^ orders for new business, and the probability that there will he heavy cancel In Guns from jiow oil, ns there have doubtless Ih'cii during the month. Indeed, the general business and financial situations throughout the country nre not at nil fa vorable to any rise or Importance In the market, and such support ns the'hanking element Is Inclined to offer Is quickly withdrawn when any great amount of new liquidation make* It* appearance, while stock bought for support purposes speedily reaches tin* market on the rallies. We * * we nre inclined to In'llev© that new low records for the year will l»e made nil through the list. We recommend the *nle of both cotton and wheat on all th© rallies. The Isnidon early market for American* Is quiet and generally lower. ! BEAUS AGAIN RAID THE STOCK MARKET Initial Prices Were Lowei for All the Active Issues. NOON MARKET WEAK Declines Extended From Large Fractions to Over 2 Per Cent. THE LONDON STOCK MARKET. CbeMpeakc ...... Chicago and tSivat Western.. Canadian Pacific (147% Denver and Bln Grande .. do. preferred Erie .. do. first preform! do, second preferred .. Illinois Central Kansas and Texas . do, preferred Ixoulsrille and Nashville .. Mexican Central Norfolk and Western .. .. Northern I’nclflc New York Central I'ennsrlvanla Philadelphia and Beading , Rock Island Southern Railway .. do, preferred .... Southern I*arlfle For the 24 hours ending at * a. m., 7*th meridian time, October 3d. 1907. Argentine nkwa wn* weakness was due selling by Australia The markets w^re « 1 regular, closing with \*ue« corn was up Hfllc, oats % provisions were up 2%4il0o principal, considerations, is bearish. The Llverp°°D i* to rain* In India nml CHICAGO GRAIN MARKET. I'ollowln, are the Chicago gram aod pr» ilVue ri-markaRie"ao”niar thrctoiTot « '££S I ?£5? “ “ ' old crop year, and something that has !»eeu Jiitiruay a nose, unheard of at this season lu a generation. Receipts of corn In Chicago l a »l 'J®*'** ‘’. x ' reeded the shipments by about 400,000 bush els. nml there Is every promise of further piling tip of supplies unless the financial machinery Is disarranged to an unexpected extent. COTTON SEED OIL MARKET. quotations * Opening. doling.* October November. I»ee©inl»©r. ....•• January March May • S%iS^ 38%4f3844 CIihkhI steady. strength of price* yesterday afternoon followed Up by advances of several point* this morning. Report? of n severe flood nnu storm In Galveston revived memories of Iho dlwiater "f that HI, ,ear. ago, »ii.l there followed aome livid, covering. The higher level*, however, were not maintained nnv length of ttme, a* the hear crowd. whHi !« In control, ntlllxca every n.lvnn.-.- to |.’tf out more .h-trt line*, owing to the uiieertaln Hunndnl alttiatlon. all commotll- tle« na well n« ae.-urltle., will he forcetl l„.;r The .IHTIeulty ..r Betting money , preventing the holding of notion for any n.lvntiee In price. The weather Indication* arc fo-g-.il>!-. Wanner temperntnrea. with •howm We allll furor the selling al-lc on rNidea. ancli n» ice hove bad today, fir we heller* llciohnitloll will o.-eor In rot ten on n tnneh larger wale thou bcrc- HAYWARD, VICK & CLARK, o-rnrua BONOS COFFEE, CRAIN AND PR0VI8I0NSL COTTON. STOCKS.JONDS, OOSF*^ Nty< 0rlMn . 5 Orlwna entton Eichangft ori«a".’ nS'cM^BSr^SmS S&S&XrJ&S? to&ff&SkSSSB Cotton CoIton ’carwssvon. j. 8. BACHE 4 C0, v AND MSTUTT.^l MINT- Buy Stocks The chance of a life-time is presented just now to buy standard stocks at bargain prices. Shrewd investors are picking up gilt edge bonds and shares at low fig ures. We have connections for prompt handling of in* vestment orders for cash. HILLYER INVESTMENT COMPANY, English American Bltlg. Albert 0. Brown. G. I sc Stout. A. 0. BROWN & CO., BANKERS and BR0KER8. 30 Broad Stre.t, Now York. Members New York Stock Exchange. New York Cotton Exchange, Chicago itoar-l ot Trade. Cleveland Stock 2x- thanKc. Bran(!h office*, Including Waldorf-Astoria Hotel, New Plaza Ho. teL U Went’ 36th St. Flatiron Bldg, Marie Antionette Hotel. 2 Eaat ttth St, • NEW YORK. Atlantic City, N. J. Chicago, Clnclnna- (I Detroit, Toronto, Can, liuftalo. Cleveland, Washington, D. C. Every facility for prompt execution U orders on all exchanges. Open, lllch. tow. Close. Clow. WHEAT— Dec..,. !*Sti a STATIONS Ttmptraltrt. tTUKTM DISTRICT. M*i. f M/s.J Atlanta, cloudy "rhnftniHMign. elondy. . . . (.'olumhus, cloudy Gainesville, cloudy Greenville, clear xCrfflrfn, cloudy •Macon, cloudy xMontleello, cloudy. . . . x Rome, cloudy. . . . v . . Spartanburg, dear Toeeoa. t*. cloudy West Point, clear till 60 69 62 61 69 68 64 71 61 77 4l 44 45 41 41 42 42 4<> 38 37 30 44 UOK.N- I )©«'.... May.... July. OA Dei*. fit 44 May.... 48% July.... 45 FORK— Jan.... 11.40 May... 14.80 LAUD— Oct Jan... 8.42% May... 8.70 RIBS— Oct Jan.... 7.57% May.... 7.9ft 57% 48% 51914 47% 8.47% 8.60 8.67% 7.67% 7.62% 7.57% rto. pr©frrr»'il Wabash do. prefcrroi! ggi New York, Oct. 3ft.—Th© principal f«atur©s of the financial situation today was a down- ward tendency, a rather mors plantlfuj supply of raimcy on call and continual force#! Ibpildn Non, although of a modi !•*» urgent s#,rt than ycstcnlny on* the Ktock cxchauxc. Th© drop In sterling was foil©*- ed by th© nnuonnc©m**ttt that nearly 13.01)0.- (8)1) gold had been taken from the llank «-f Kugiand for sliltmicnL to America. Details of this iraiisiictlou were wanting, hut th© fact that it tvn* tli© first engagement from th© English lUBtltntlon direct, ludlratc<1 the hank Im* *«» far not thrown any wrlous olmtncl©* In the way of the outward mot** nicut. 4’nll money opened at 50 per cent, bat offer* were quickly reduced fo 4) per cent nml stock ©xrhaug© Imrrowers were nl»l© to ohtalu ucroinuuMlntlon freely ©it th©*#' terms. In th© stork market, tn© movement of price* was extremely confused. There were well *uh*tsutlated reports (hat the liquidation for several houses which had peremptorily l*eeu suiunwjued to tusk© rood at the !-nk* was still In program, hut thl* will f u»/e Itself known only In certain part* the list. The North western shares were eouspleuouslr wesk. and #© were Pennsylvania and New York Central t the onetilng. AH of* these ami ms nr If the minor specialties mad© uew record*. On Hie oilier hand, the United Htati^ .Steel stock*. hel|*ed by the excolleut showing the quarter’s ennilugs. held tip alrongly. id In other quarters the condition for the moment seeuied that of a sold-out wm- New York. Oct. 9fi.-Owlug to (Uo weak- ..esa of *t(N*ks lu London, opening prices liere *liowe«l exii-itthmnl deeliues «*f 1% B* Reading. Smelting and I’nlon Pacific start- ed % lower. Popper AL Hteel preferred aid Brooklyn %. and Steel inunmon %. I enii- syivania opened % lower and lost In *11 i point. Closing hid* follow: Railway Stocks. Its Iff more and Ohio Canadian Pacific Chicago and Northwestern. Denver and Rio Grande.. . Erie . Illinois Central LoiiImvIII© and Nashville.. . Manhattan “L” Mexican Central Missouri Pacific New York Central. Pennsylvania Reading Rock Island .. .. 87 .. .v*/fs .. ..lot‘% .. ..130 .. .. 18% Ft. Paul.. Southern Paelfie.. , Sen I hern Ms II way.. Union Paelfie., . - Wi ....Iftrtii ... f % ... TJ ..110% Wnhaidi 8% Interhortiugh-Metropolilsn 6% do. preferrtd IjS Great Northern.. MONEY AND EXCHANGE. New York. Oct. 3ft.—Money on call 34160 per cent; tlm© loans firm: sixty days fiti«%; ninety days 6%^t7t six months 6%. PoBtod rates; sterling exchange |4.*2<f 4.8460, with actual business lu bankers' hills at $4.*3734*4.8384 for demand and 94.77e4.7725 fur sixty days. Prime mercantile paper nominal at 7%4f tetuiH-raturea are tor 13 hoan ending H s. m.. this date, xReceived late; not Included In averages. HEAVY RAINFALL. Lake Charles, La 3.4ft Killing frost at Waynesboro. Ga.. slid Cheraw, S. C. Heavy frost at Weldon. S'. Light frost at Goldsboro, Luuiherfon, New hern, Wilmington, N. C.. SHranush, Waycross, Ga., Charleston, 8t. George, H. C. I^Siidon liar sliver 27 7-16d. silver 69%c. Mexican dollars 46%e. New York bat CZKTKAi STA7K3. UJ III CHICAGO CAR LOTS. The receipt* ©f grain In ear lota today and estimated receipts for tomorrow ars as fol lows | Today. Tomorrow. Wheat. . . . Com Oats Ilogs, head. THE LIVE 8TOCK MARKET. I'hlcxo. riot. Xh-.Uogn--nor.lnU Market steady to a shade higher; light hog* $5 6n«6.20: mixed 8S.50#«.30; heavy «»t|6.S; rough 96.2ft4t5.ui). Cnttl*-K*c*ll>l, lo.m. Mnrkot .low niid nronk: boor*. p«-. nu.| h*ir*r« ll.2S.in: «took*r* nml T*x- nhs S3.TOO..X); wenteranrn S3.LViw.3); onlvon ^h^p-RooUpl* H.TO0. Mnrkot .I*ndy; nn tiro, nml wpntorn SM|S; lambt, nntivv nud vc.tcrn, LIVERPOOL CRAIN MARKET, Whont ononod H lowor nnd tt J.X) p. m. 1V>. ;,1 lowor. Clow-1 lawor. (•orn rponed «j lowor nmi nt 1:*) p. w. tiifS lowor. CtweU Inwor. GEORGIA. RAILWAY AND ^ electric company lb»t,Hi, Ool. »).—FallowInx u-ns tho hid nud n.b*«l prloe .in UoorU. lUllwny nn.1 Klovtrl* l’o»p.njr ti.I.iy: llld 18, n»kod W, no mnrkt't. NAVAL STORE8. joorghtu. „„ <h>r. xi.—Tnr|w*nllno firm nt mi; nnlow. Hit: rooriplB, at* Ito.tit ttrui:-nnloj rocrlptn, 1*dlf window gln«<. t*.!'): wa>*r vvhil*. *90- IT J.M: x. *.»: K. S4.M: 1. St..': II. 94.1*^4.20: G. $t.0rtt4.15; F, 94.10; K, 94-d>; D, fi95; C » A. 93.96. MINING STOCKS. Boston. Oct. *).—Greene Cananea 6%, Iiutte Coalition 14%. New ifiraen U5%. Trin ity U%. North Itutte 39%. Boston Cuusoll- 1 12. fc DISTRICT AVER AG IS. ir AHiintn. . . . AilgUMtii charb'Nton. . . . ••Galveston. . . . Little Bock. . . . Ms'iuphl* Mobile Montgomery. . , New Orleans. . . ••Oklahoma. . . . thmiiiiinh Vicksburg Wilmington. . . . ' J . indicates Inappreciable rstntall. U) Fof yesterday. (2) For 24 hours cudiug 9 *. <n.. Remarks. The tem|H>rntures were somewhat higher over the 1(4*11, with light to killing frost In the custom' and sent ral districts. Light rain* were general over mo*t of th© helt with the exception of the Atlantic coast district*. The amounts woj%> heavy fn por- Mat. f M/a. 2 coast. ‘ Eastern Texas—Showers tonight: cooler in the vicinity of Abilene; Thursday show ers In southern, fair In northern portion; fresh to brisk nortbeo»t»rljr winds on the ■oast. ^Western Texae—Fair tonight aud Tburs- Oklahoma aud Indian Territory—Fair end colder tonjgbt; Thursday fair. Arkansas—Hhowerg tonight and Thursday. Miscellaneous, American _ American Isieomotlve A merles n Tohseco American Cottmi Oil American Hmcltlng and Refining do. preferred Brooklyn Rapid Trnuslt .. Colorado Fuet and Iron National Biscuit National Lead Pacific Mall People's Gas Pressed Hteel Car Hloss-fltieffteld Hteel Huger l ulled Htste* Steel do, preferred .. .'. Western Unloir Macksy Companies do, preferred i M y 1 I 4% UNION SAVINGS BANK Qould Building CAPITAL STOCK . . . SI00.000.00 " I RCIOURCEI 0 , 0260,000.00 4% ill THE AMERICAN AUDIT COMPANY WEATHER FORECA8T. WsshlngtiHi, Oct. 0).—Weather conditions New England coast Tuesday morning tearing und colder weather In the uorth eastern state*. A dlsturhauce lias advanced tmm the north Pacific gpust over the Brit ish northwest territory with rain In the middle sr ■ - m ali i theme to Inins. Kr.ln Im.* id* leys, am! he Market week. THE 8UGAR MARKET. New York. Oct. jtigar market was - . , Tb© local raw sugar market was steady. The London heel sugar market was steady, .— - a - with Oetolier and Novemlier i^chauged at fresh to brisk uortbcssterly winds on the •m 2d fur both. fallen lu the ©©ntral mi ni In* have wcurreil lu .1 he©stern Texas. During the next thirty.six hours the rain i 111 itrlranee to the Atlantic const. rlenerd t«mlght In the Interior of New )<nk and New England. Pcrecast till h i*. m. Thursday: Gcvtrgla— Fair In southerti. showers In iiorthcrii tNiriUm tonight and Thnraday; warmer tonight; fresh easterly winds. Virginia—lair tonight; rain Thursday; frt «h north to northeast w inds. North Carolina aud South Carolina—Warm er tonight with fair lu eastern and show- In ywHns*! show era Thursday; r !•» northeast wfoda. !’a.item Florida—Fair tonight and Thnrs- day; wanner In northern portion tonight; fresh easterly winds. Western Florida—Fair tonight and Thurs day; fresh easterly winds. Alabama nml Mlsslodppi-Hhower* tonight and Thursihiy; fresh east to southeast *Kefthscky and Tennessee—6*alr, with mod erate iem|»erature tonight siul Thnnalay. uMiii.a-Shower* tonight aud Thursday; Home Office, 100 Broadway, New York City. F. W. LAFRENTZ, C. P. A., President. C, E, M.nv -ring, Vic. Prcild.nl, Thao. Cochcu, Jr* C. P. A„ Sr-., and Trait BRANCHES ATLANTA—Fourth Nat’l Bank Bid* CHICAGO—atxrqu.tt. Bulldlnf. - ntlLADELI IA—ntllovu.-Strottor*. SAN r.'.ANCTSCO—B.ld.n Bulldli* NEW YORK—Waldorf-Alton*. BOSTON— Exch.nx. Bulldlnr WASHINGTON—Colorado Bulldlnc. NEW ORLEANS—Ifennon Bulldln*. BALTIMORE—FId.llty Building. - LONDON. ENGLAND—! King Street. Cbeop.lde. A T -ANTA BRANCH 1015*18 Fourth National Bank Buildin,. 0. B. BID WELL. Resident Manaftr. Telephone, Main 872. Cable Address* Amdlt* N. V. FRANK HAWKINS. President. fl. M. ATKINSON. Vice-President. THOMAS C. ERWIN. Cashier. JOSEPH A. U’CORD. Vice President. U. W. BYERS, Assistant Csehlee. Third National Bank Capital .... $200,000.00 Surplus and Profits $400,000.00 SPRINGS & CO. COTTON, STOCKS. GRAIN AND PBOVI8IO.Nl J9 Cotton Exchange, New York. MEMBERS: New York Cotton Exchange. N>w York Coffee Exchange. New Orleans Cotton Exchange. New \ ork IToduc© Exchange, Idverpool Cotton Association, • or enTUi Chicago Board of Trade. B. C. COTHRAN, New Orleans Representative ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS. AUDITORS AND BANK EXAMINERS. Audits, Special Examination*. Costing EMPIRE BUILDING. '