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

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ilfj ATL/AJVTA U c,viAvrj*Vi> .zvinjj rs r- \i BETTERTHAN DUE Reflected iu Sharply Better Prices in New York Early. HARD RAINS' IN TEXAS Firmness Developed in Last Hour and Prices Ad vanced Sharply. New York, Oct. 30.—Uuder the influence of stronger cable* from Liverpool and re ports of a severe storm at Galveston, the focal cotton market opened firm at an ad vance of 7 to 0 points. The list was sus tained for some time after the call despite e encouraging to the if. Advances of 1|M 302ft points womd _ne*dfly morning. R olnts on the near and 20L,. are been a full response to the better prices in the markets at the close on Tuesday night, whereas at the opening the near positions were 8 points higher, while the late months were 7 points up. Clos ing figures showed considerable improve ment over the opening, price* leaving off 8 tflS points higher, with the tone narely ^Following Is the rauge lu the tetlvo months In Liverpool today: Janunry-February %?* March-Aprll 5.611 May-June 5.53 v.!s h ' ft.M october-NovetnV« r 6.6!) 6.84 Los*. 6.49 6.49 5.49 Spots were marked up 6 points to 6.87 on sales of 10w000 bales. price* were advanced rapidly some i..lints above the price* of the morning. The close was firm 18 to 28 points above Tuesday's IlnAl figures. t5of— ~mr 1906. Kccetpta shipments stocks 1C836 77.902 273.737 147,336 liMtr 250.124 132,416 109.635 341.507 Comparative port receipt*: | 1907. | 1906. Saturday Monday Tuesday Wednesday * 46.362 52,661 76,333 60.332 71,164 79,232 116,662 100.314 Total ainco Sept, 1 1 1,782,763 1 2.488,788 istlmated receipts Thursday: 14,000 to 17.000 New Orleans Galveston ... Houston .... . _ Missing . 8,000 to 7,000 SPOT COTTON MARKET. Atlanta. quiet: middling 10 2 New Orleans, steady: mladlln Bostonf^wd^^IddUn^oKr^^ Memplil*, quiet;, middling 1011-16..■ Philadelphia, ateady; middling 11.lu. Houston, steady; middling 10ft. Norfolk, steady; middling 10ft. <lalvestoo. nominal; middling 111-18. middling 10ft. g 10 6:18. .90. TODAY'S PORT RECEIPTS. The following tabl. .how, receipt* «t the tort, today, compared with the s*m. day last yetrt / 1967. 1906. New Orleans. . • • . Galveston Mobile . . Havanoab charleston. . . . . . Wilmington Norfolk Baltimore New York boston. J’hUadelghlf. . . . . Tort Arthur. *.*.!! Pacific eoaat ..... Various 10,210 11,000 2.402 9,706 8,682 8,821 8,887 "'io 4.699 *8 94,068 11,700 2.621 10,000 920 2,810 5,916 987 106 "idd 18,407 2,862 6.102 619 Total 16.851 100.314 • NEWS AND GOSSIP Of the Fleecy Staple. Syce 1.1 ,0 Tho Georgian. (From Hayward. Vick & Clark.) New York, Oct, 30.-J. N. ilaihe A- Co.: Liverpool cable, wore due I{j0 iiolnta higher „ , '|,‘ ur J“ d -6-T4 polota higher on date month.. Opened ateady 8 pofnta higher on »•« »»d 7 points higher on late moutlia. At 12:lo p. m., won ateady 7610 point, hlgh- er on near und Gff7 points higher on lute months. Spot cotton In good dnuinnd at 6 b , l * her J middling uplanda 5.87; sales 10,000 hale.; American 8,800; speculation and «P0lt 600; linporta a,000, Including 1XJ00 American. Llverimol comes higher, giving a fall re sponse to our market yesterday afternoon. nbort9 wero responsible for yesterday'** re coveries. Technically, the cotton market was In an uncertain position, with too many bears. Fears that the farmer and planter would I»e frightened by the declin ing market and let go big line* of cotton did not encourage bulla and brought about Indiscriminate short selling. The sharp ral lies late yesterday and this morning In Liverpool is a result of this oversold con dition. We think It safe to wait for a little higher level liefore soiling again. We believe lower prices will prevail ultimately. Market steady on reports of a storm in Galveston. Think cotton should advance ou this Gal veston storm news. The following are tho 11 a. m. bids: Oc tober 10.03; December 10.32; January 9.97 March 10.cn. New Orleans, Oct. 30.—Hay ward, Vick & Clark: Liverpool better thau due. Future* uji^ against 3 up due. - Spots 6 higher; Weather map so far shows generally cloudy In tho ( enthral belt. Kaln In central and western licit. As said several time* before, we are going to have a bad win ter. Any delay to harvesting by w< er is helping cotton a good deal, nn_„ ent conditions, ns it checks demands on banks. Houston wires: “Terrific rain storm night, amounting to nearly a flood. .... Galveston wires down this morning. The Western Union reports cable dowu hero and at Galveston, ou account of a box ear being blown acrosa It near the bridge acrosa “ - bar. enther map showed 4.18 Inches c Galveston. YARN PRICES IRREGULAR; The New York Commercial: Tb arn market shows no Improvemei s to the new business, or a flrn ltuatlon. Some small lots of y elng picked up from time to tl , these Mies are not of sufficient size to stiff en up prices any. Reports are coming from rariotta quarters of the market to tne ef fect that stocks are gradually accumulat ing with dealers. Yarns which were con tracted for some time ago by dealers arc !>eg!nii!ng to be delivered by spinners, oi are being charged up and held for deal ers' accounts, on tho other hand, buyers aro not coming forward lu this market for any additional supplies, as both weavers and knitters aecm to have enough oti hand at the present time to carry them. " * !>rs aro still holding out fo. _ ire considerably above those obtain able in thla market, Hud will contluue to do so. It Is believed, a* long as they have enough orders on hand to keep their plants running. Flue couuts show further weak ness. as there is practically nothing doing on these numbers. Other prices arc very Ir regular, according to the quarter of the mar- ‘ st In which they are quoted. Iu aouie qunrters prices ou the same counts show a difference of fully ftftfte, due to the stock that the seller happens to have on hand. Several spinners have been In the market during the past few days for the purpose of slzliig up tho situa tion. Some are reported to hare come down In their price Ideas after finding out conditions prevailing to be worse than they expected. Print Cloths Move Slowly. , Jpt for purchases of regulars was very little doing Monday In the cloth market. Several of the large selling agencies have been able to sell spot* In wide goods at 6ftc. but ou near by de livery and future delivery, these, ns well ts all other wide constructions, are selling off. No larae purchases of wide goods aro eported. The cloths produced to Eastern .nflls are now said to equal the calls made for delivery on order, and this helps to sus tain values. SPOTS LOWER TO SELL; LARGE BU8INESS DOING. NEW YORK. Following Is the range In cotton futures In New York today: 1 ° II s 2 l| II a Oct 110.10 Nov Dec 10.25 Jnu 9.95 Feb March. . .10.04 April. . . .! May. . . .|10.10 July. . . .|10.14 lOo 10.46 10.12 lolie 10.24 10.26 ioW 10.30 9.91! *9!w| idiodi 10.07| o.iojio.of-di ....10.15-20 0.46 10.44-46 0.1210.11-12 ....110.18-15 10.15 10.14-16 ....10.18-80 10.24 10.28-24 0.25 10.25-26 9.88-90 9.90*92 1046-17 9.87-88 9.92-94 9.94-95 10.004)2 10.02-03 10.04-05 Closed Ann. HAYWARD, VICK & CLARK' 8 DAILY COTTON LETTER. New Orleans. Oct. 30.-Althougb I.lyer i»ool win quite encouraging tbla morning, with futures several poluts higher than «1u# and spots firm, with large sales, there was little disposition on our side to sup port the reaction. General distrust In .the ■cu-roundings of cotton Is clearly against It. rtf •‘nurse. In foreign markets wiero flnan- Hal conditions ere normal, he belief that unfavorable outside Influences have about *P«nt their effect Is more quickly alerted, »nd will cause a sudden change such as we have seen today In Liverpool. However, I* remains to be seen whether these calcula tions are correct. The governor of Oregon has declared five legal holidays, owing to tl»e Inability of banks to make cash loans. Eastern banka and our stock exchange nsve ■freed to suspend business until next Mon- 'lay to prevent the reekless slaughter or f^uritiee. following Inability tp get normal hank assistance. On the other hand, flnan- Hel news from New York Is better. The importation of $20,000,000 gold, to lm fol lowed up by further Imports, is said to ffestly relieve the iltnetlon there, but. In these troublous times, every one for him- »flf first. Reporta of l»nd weather from t>xaa, a rain storm paMlng Into south Tex- •a. Induced some short covering, ana a re covery of 10 polota In future* during the first half hour. The weather map show* general rains, some heavy, also In the cen- 'ral state*. The opinion wo bar* repeat edly expressed that wc shall get full com pensation for the drought spell In summer h y had winter weather received frequent practical confirmations, and tinder normal trading conditions this would undoubtedly '**d to substantial hull support and blgl* er prices. As It Is,,bad weather and delay {o harvesting will, nevertheless, exercise a Ifneftctal effect In checking the accnroula- ‘ion of reedy cotton end distributing the •!«mand* for banking facilities. The com- Pi«t# weather map snows decided rain de velopments over aoutbwest Texas.. A big '•»td wave with very low temperatures is pMstng In the northwest. Rainy weather generaly Indicated for the belt. Official ‘/curds show 4.18 inches of rain at Gnlres- ion. Reports from eouth Texas Inland points are missing, the wlrqa being down. *orae weakness Tn the stock market In N *w York checked buying on the weather outlook, but so far today there I* no evl- 'lencs of disposition to sett aggresalrely. and i* looks ns If the reaction will be carried ,nr *her. . _ New York. Oct 20.-J. 8. Bache A Cfcrj Urerpool displayed a firmer tone and the New Orleana. Oct. 80.—The Tlmes-Demo- erat: “Yesterday'a cotton market merely harmonised with environment, though cu mulative effect of current fnr-reuebing events was apparent on the minds of the disappointed owner of the actual stuff, and spots were lower to sell. Havatinah drop ping 548 to 10c fiat. On the other hand, rel atively a large bualneea hns been doing with Europe, and exporter! aft experiencing little difficulty In placing all the forward cotton they caVe to obligate themselves to deliver. Old business Is extremely difficult to complete, simply because every banker In the land has placed an embargo on the paying out of actual money, the only me dium of exchange the farmer knows any thing about. Savannah clearances were large, but the cotton had already been financed when existing stringency began to become acute. Old enterprises of all sorts in the main continued aa before, but In no section of the country were new oues seriously planned because of ihe uuctiriitlii- the iy a cotton hedge has been bought from American speculator, and tn the process ny a speculator has obligated himself do things he can net do without loss unless freer selling by the Interior shall destroy the premium at which spot cotton Is held over paper contracts, once the American financial situation shall have been restored to the normal, demand for actus! cottou with which to fill delayed commit ments should spring up, the sale of ex change ngnlust such purchases pour fresh millions Into the Potitb. and general relief throughout the cotton belt come.”—Hay ward, Vick k Clark. THE COFFEE MARKET. The following figures give the opening range and close in tbs New lork coffee market for todayf January February March April .. •• .. . May June July August .. .. •• September .. •< October Norember ,, .. December .. •• Closed steady. Opening Ranee. 6.894.70 6.854.70 3.704.8*) 6.75-5.85 5.854.9-) 6.854.90 6.90-8.09 3.954.05 8.004.03 * V. '.V! .5.504.55 .. . .6.50 5.55 Sales 8409 bags. Edited' by Joseph B. Lively. MARKETS Mr. Lively’s twenty-five years' experience of ed iting markets In AtlauLi and the South has made recognised au- I tborlty In Ids specialty. TIPS FLASHED From Wall Street. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Am. lee I Am. Sugar Refinery. . American Smelting. . Am. Loco native. ... do. preferred. . . . Am. Car Fouudry. . , American Cotton OIL . Anaconda Atchison .do* preferred, . . . Atlantic C. Line. , . . UrmdMyn Rapid T. . . Baltimore Ohio. . . Chesapeake & Ohio . Canadian Pacific. . .. Chicago ft Alton. ... . Consolidated Oa». . . . Central Leather. . . . do. preferred, . . . Colorado Fuel & iron. Corn Produce Colorado Southern. . . Delaware ft Hudson. . E?nm ft lUo Grands. Erie ° r# Secarlt,M ‘ • • do. preferred * .* \ l General Electric. . . . Great Weatern. .... mm 0 * 1 . lN l? rthp rn pfd. . Illinois Central luterboro. ...... do. preferred. . . . Kansas ft Texas. . . . Total stock sales today. 929,100 shares. NAME OF STOCK. North western. . . . . National Lead. • . • . Noriolk ft Western. . . Northern Pacific. . . . Ontario ft Western. . . Pennsylvania. . • • . . Pacific Mall People's Gas Co. . . . Pressed Steel Car. . . Reeding Unck Island do. preferred. . . . Republic iron ft Stcot. do. i . St Paul Team Coal ft Iron. Texas Pacific. . . . Union Pacific. . • . U. 8. Rubber. . . . do. preferred. • U. K Steel do. preferred. • Western Uuton. . . Wabash. . . .... do. preferred. . Wisconsin Central, do. preferred. . LIVERPOOL. ? . m. ana dose, compared 'utnres opened firm. . Previous Cange. 3 p. m. Close. Close. 6.69 4.81 6.81ft 5.84 ■,80ft Octolwr.. Oct-Nov 5.69 Nov.-Dee 6.64 4.53 Dec.-Jan.... 6.63 4.62 Jan.-Feb 6.51 Feb.-March.. 5.62 4.51 Marcb-ApriL. 6.52 4.60ft 5.62 Aprtl-May.... 3.52 6.62 May-June.... 6.63 4.50 ime-Jnly..... 5.50 4.60ft Closed barely steady. !|j 31 $ o a !*10'.17 Closed steady. 10.20110.20*21 ■ ...10.22-24 10.24 10.24-26 10.28-23 10.31 1S.30-31 10.16 10.87-39 9.94-96 M 9.99-10 10.02-04 19.86 06 10.10-12 NOTES ON GRAIN Pointers on Provisions. Chicago llecord-Herald: Much liquidation of long wheat held by strong speculators waa under way all’ last week. The extent of the attendant decline In value* waa sur prisingly slight. Continued foreign buying of cash and future deliveries struggled aa a market Influence against the depression injected by. the financial troubles Last. The future of the market depends very largely on a continuation of the European demand aud on the disposition that farmer* will show as to marketing or financing their ^CS/la little doubt of large foreign ne cessities, but the trade has many doubts as to the extent to which these have been supplied either for near or deferred deliv ery. The technical speculative position In the European grain renter* Is also a mat ter of some concern, the unanimity of the bullish sentiment the world over during the last three months having become well Tight money In the East haa restricted the operation* of dlatrlbutor* there who WHEAT OPENED WEAK AT SHARP DECLINE Liverpool Was Weak and Northwest Receipts Were Large. ST. LOUIS CASH QUOTATIONS. WhMt—No. S rod winter . Corn—No. 2 Out,—No. 2 Chicago. Oct. 80.—Whet opened with ;n ......... ..— citreine to«» of IV thl, morning. The ilj nt tblo KMcn to drop of 2d In cnble, nnd Urger Northweit WEATHER REPORT.' WEATHER CONDITIONS. rioudy weather prevails today over the entire country, and rain hns fallen over tho Mississippi valley, the southwest, nnd ou the north Atlnntlc coast. The pressure lms Increased rapidly lit the emit nnd north- east, while the center of the high area has Mountain region. The center of lowest considerably over most of the eastern half of the cotton belt, while over moat of the northern half of the map lower tempera tures prevail. The eastward drift of the high arcs, fol lowed bv decreasing pressure from the west, will cause unsettled weather with rain In this section tonight nnd Thursday; warmer tonight. «?©TTON REGION BULLETIN. For tbs 24 hours ending at * a. m., 7itk Un !iJ d ' meridian time, October *». 1907. nr<*»»»* (From Haywau., . ,v. «. New York, Oct 30.-J. 8. Bache ft Co.: Americana In London Irregular. Heading weak 2ft lower, Canadian Pacific 1ft, Cop per New York Out ral steady 1ft higher; Steel common off ft; preferred up ft. Ad vance In lmnk rote tomorrow probable. Thera was conaiderabls surprise yesterday ► •- «• • 4— York was but natural. The advance In Copper metal sraa ex tenslrely commented u|k>u, aud some doubts exist aa to tho stability of tho advance. The banking position Is working out sat isfactorily aud no serious decline In the market from the present level Is looked for. Steel statement was well liked, and when the steel rail question Is settled a large number of orders will bb booked. Town Topics: The fresh outburst of liquidation that came oh the market yes terday U. likely to be followed by consid erably more selling of a compulsory char acter. At the same time, there is tlcaly no buying demand except from who are abort of the market, and, In con sequence, wo confidently believe that a low of prices will be the rule all _ iiefore the end of tho week. Europe ms again turned to the sell Jig side, and t Is more evident that the situation In con tinental centers la not bo strong us had been hoped, especially In view of the advance In bank rates and the competition for gold In London. There Is some desultory odd lot mylng by the public, but this ns yet Is of nslgnlflcont proportlops, and is perhaps not h> Urge as the selling on the part of the (aid lot buyers who entered the market ear lier In the year. Tho Steel corporation's report, while so far as earning* aro con cerned Is not unfavorable, can not he re garded as a b^MIsh document In view of the falling oflr^ orders for new busluess, and the probability that there will be heavy cauce'.latlons from now on, as there have doubtless been during the month. Indeed, the general business and financial situations throughout the coun* “ gp vorabTe to any rise market, and such support as the banking clemeiit la iuclined to offer Is qn'**** - withdrawn when any great nmonnt of liquidation makes Ha appesrauc*. while stock Iw.tight for support purposes speedily reaches fho market on the rallies. We advise those who are ccaitemplatlng making purchases even among the best rail road Issues to await further developmanta, as we are inclined to believe that new low records for the year will l*e marie nil through the list. We rscoinuieud the sale of both cotton and wheat on all the rallies. The Loudon early market for Americans is quiet and generally lower. THE LONDON STOCK MARKET. .1—^1— v^l'W i'll Anaconda Amalgamated Copper .. .. . Atcllftnll do. preferred Baltimore and Ohio Chesapeake rind Ohio Chicago and Great Western. Canadian Pacific Denver and Rio Grande .. . do, preferred Erie .. do, first preferred do. S4M*ond preferred .. .. Illinois Central Kansas and Texas do, preferred IxmlsvlUe and Nashville . Mexican Central Norfolk and Western Northern Pacific New York Central Pennsylvania .. Philadelphia and Reading .. do, first preferred do. second preferred .. .. Rock Island Southern Railway do, preferred Southern Pacific 8L Paul Union Pacific and alow service In the winter. Not on y have the Eastern dlatrlbutor* b#£n largely shut off from making new purchases, but they have in many Instances l»een unable to meet draft* made against the property that they bad previously bought, end which waa already eu route. This, In turn, has thrown the grain back on the market. The latter In fact has been largely In the hands of readier* most of the week. One unusual result has been to force old crop cash cbm to a discount from prices prevail ing for new crop month*—something that is qnlte remarkable — nf mn piling up of supplies unless th* financial machinery Is dlrarrangefi to an unexpected extent. COTTON SEED OIL MARKET. October. . November. December. January. . March. Ms; Closed ateady. Buy Stocks Argentine new* waa bearish. The Liverpool weakness was due to rains in India and selling by Australia. ^ . , The markets were t| unsettled and lr- r,^l,r.clortn,_w7th»u«^ei^ h M«hrr ( CHICAGO GRAIN MARKET. Following ere th* Chicago grain and pro visions quotations for today, compared with yesterday’. S lo.*; Open. High. Low. Close. Close. WHBAT- Deo.... 96ft BISTMICT. May... . July.... Wft COHN- fc 8* J ta- S! ’ 4 Dec.... 44 May.... 43ft J,, .W- 4j Jtn.... 14.M Mnjr... 14.80 I.ARD- Oet Jan... 1.42-4 8.70 MBS— Oct Jan.... 7.»(‘i Mi,.... 7.«> »4»i 102> ug 47«I sijjft 8.70 ijfg >S(i SAT, 88 MS 48 8* 8.47ft 8.60 8.87ft 8.47ft 8.45 8.80 CHICAGO CAR LOTS. The receipts of grain In ear lots today and estimated receipts for tomorrow are as fol lows: 1 Tod tj. Tomorrow. 'Vheat 1 Corn ( W7 lloifa. head ! 15.0t>0 <3 l” 18.000 3.0$ 5.73 5.754.*) 5JW4.85, - ■■ 5.854.90 prices, r. ia.k no t strength of prices yesterday afternoon waa followed up by advance* of several polnta this morning. Reports of a eercre flood i storm lu Galveston revived memories th* disaster of that city years ago, and there followed some lively covering. The higher levels, however, were not maintained anv length of time, as the hear crowd. to nut out more —» — -j- unraruln Bnau.-lnl •UuMl.iu. n l rommodl. tlM .» wall .. MH-urttl.., will lie fnnwl lower. Tlie ilirrieullr of getting money , l.rerriillng (he bolillng of col Ion for «njr nilvnnce In price Tb, weMhrr liidlcMlon« ire fai/tnhlo. Wtrmer lemtieniturM. wllb Ihower* We ««l (*»" ** ll l n * 1 *i5S on the rnllle. .neb we hare had today. rS? we tSlIere ll<I„ldatlm. will .oecur fn cotton on a much larger mmm tun fifiB tofore. The chance of a life-time is presented just now to buy standard stocks at bargain Shrewd investors 5.854.901 47 are picking up gilt edge |; r wl:T bonds and shares at low fig ures. We have connections for prompt handling of in vestment orders for cash. HILLYER INVESTMENT COMPANY, English American Bldg. fcrrc HAYWARD, VICK & CLARK, COTTON. » SL""— Orluna Cotton nxcbtnge, ' aad'cTdcagS'Boorda'S'ftad* gjwvnr’ ssSs™** a,,. Cotton exeban^ Cb^Corre.^doaU: *. •. IACKE 4 CO.. AND BARTLETT. FRAZIER * CARRINETON. oniVATS WIRES TO ALL POINTS. Albert O. Brown. G. Leo Htout. A. 0. BROWN 9c- 00., BANKERS and BROKERS. 30 Broad Street, New York. Member, New York 8t.ick Exchange. New York Cotton Exchange, Chicago Board of Trade, Cleveland Stock Er- change. 30 Branch Offirei, Including Waldorf-Aatorla Hotel, Now Plana Ho. lel H Want 26th St.. Flatiron Bid*., Marie Antlonette Hotel, 2 Bait 44th St. NEW YORK. Atlantic City, N. J-. Cblca*o, Clnelnnu- tL Detroit, Toronto, Con, Buffalo, Cleveland. Waahlnitton, D. C. Ever}- facility for prompt execution of order* on all exchange,. THE LIVE STOCK MARKET. Chicago. Oct. 80.—Hof,—Recelpta 12.000. Market ideally to a .hj-lc higher; Mptht h.,15. I8.«0fc«.20jmlxed |6.60Se.S>>; heavy ^Cattl^-ltecelpta 18,000. Market alow and weak: beere. ».50«fe.7B; cowa and heifer. 81.264,6; atockera and feeder* 82«4.80; Tex- ab* 83.5oC4.IO; weaternera 8S.DC3.20; calve* '^beep—Receipt, 18.000. Market ,te*dy; na- ttvea and weateru 88416; lamba, native and weitern, 84fie-76. LIVERPOOL GRAIN MARKET. Wheat opened 84 lower and at 1:80 p. m. l(4C2d loww. Ph«ed. 1-401*4 lower. Corn opened H *“' 1 ■» l! » »• “• 840(4 lower. Cloned 4401 d lower. GEORGIA RAILWAY AND ELECTRIC COMPANY. Boetou. Oct. 30.—Following w*a_tbe bid and nakcl price on ticorgta Railway and Electric t'oinpany today: Bid ,8. aaketl 80, preferretl, no market, NAVAL STORES. Special to The Georgian. _ Savannah. O* . Oct. 3|).-TumentlB* Arm at 5046* Mica, 140; recelpta, Jm. Il«dn firm; eales, 2.W8; recelpta. 1A41: p> ww: K - ,U: Xiiariiii, Cloudy. . . , . . 8a 4i ,6b ^Chattanooga, rioudy. , . AA ** Columbus, cloudy. . , . Gnliirsvlllr, rlomly. . . . GreenvHIa, dear xGrlffln, rioudy •Macon, rioudy xMontlrrllo, rioudy. , . xltonir, rioudy Hnartnnburg, dear. . . . Tbecua, u. cloudy. . . , West Point, drar, . , , •Minimum temiieraturva ar« for 12 hour* ending 8 a. m., this date, xReceived late; not Included Id average*. HEAVY 'RAINFALL. Ifii.l Min. 2 Light frost at G< , Ht. George, 8. C, Ailauta. . . Augusta. . . , Charleston. . , —Oalreetoti, . (Jttle Bock. . Memphis. . . Mobile. , . . , DISTRICT M VIM ACES. Ttmptrnlnct. MINING STOCKS. Iftei/V T& THE SUGAR MARKET. New York. Oct. ».-The dome,tlc redyed •agar market waa ateady aud uncbauged. Tie- local law auger market waa aleady. The London beet »a**r market Wat «te*dy. i October *ml Novemlwr unchanged at 'J Immmm luau nine were general over matt of tb* belt with tho rjceptlnn of tb, Atlantic eoaat dial riel,. The amount, wero heavy lu por- WEATHER FORECAST. do, preferred Waba.b do. preferred ! 146*4 4 i BEARS AGAIN RAID THE STOCK MARKET Initial Prices Were Lower for All the Active Issues. NOON MARKET WEAK Declines Extended From Large Fractious to Over 2 Per Cent. New York. Oct. 30.—The principal features of the financial situation today was « down ward tendency, a rather more plentiful supply of money on cnll and continued forced liquidation, although of a much lev* urgent sort thnn yesterday On ** * * exchaugp. The dcop In sterling the English Institution direct. Indicated that the bank has so far not thrown noy serlou* obstacles In the way of the outward move ment. Call money opened at 60 per cent, but offers wero quickly redneefl to 4) pep cent and stock exrhaugr borrowers were able to obtain nccommodatlon freely ou these terms. In (he stock market, th- movement of prices waa extremely confused. There W(?re well substantiated reports that tho liquidation for several house* whfeti had pn-emptorlly been summoned to mat** E ood nt tlie f-mka waa still In progress, nt this sclll. f iu/c Itself known only In certain parts o. the list. The Northwestern ■hares were .conspicuously weak, snd «(» wore IVunsylvunla nnd Nlw York Central at tho opening. All of these and many of the nimor specialties made new record*. On the other hand, the United State* Hfe.-t stork*, helped by the exi-ellent abowlng in the iiuarter** curnltigs, held up strongly, nnd lu other quartern the condition for the moment seemed that of a sold-out mar* ket. New York. Oct* 30.—Owing lo the v.esk- neaa of stocks In l,omloti. opening pries* here showed exceptional declines of l s i In Bending. Smelting snd Union Pacific start ed ft lower. Copper ft. Hteel preferred and Brooklyn ft. and Steel common ft. Penn sylvania opened ft lower and lost In all l point. 'losing bMs follow: Railway Stocks. Baltimore nnd Ohio.. .. .. Canadian 1’nclflc Chicago ami Northwestern.. Denver nnd Ulu Grande.. Erie .. . . Illinois Ceiitra!.. . Louisville aud Nashville.. .. Manhattan "L” Mexican Central Missouri Pacific New York Central.. „ ..ft, Pennsylvania.. Bending. Lock Island.. .. Ht. Paul Southern Pacific.. Southern Hallway . Union Pacific Wabash Intcrboroiigli-Metropolltsu..’ . do. preferred... Great Northern MONEY AND EXCHANGE. Now Tort Oct. 99.—Money on call 3A60 per cant; time loans firm: sixty days Cffoft; ninety days 8ftG7> six months r#ft. • rat*": Sterling exchnng* 94.828 4.8460 with actual business In linkers' IdHf at 94.897684.8384 for demand and K7784 77S for sixty days. ^Tlme mercantile paper nominal at 7ftG London bar allrer 27 7-Md. New York bar silver 69ftc. Mexican dollars 4*ftc;* Eastern Texns-Hhowers tonight; cooler tn the vicinity of Abilene; Thursday show ers In southern, fair In northern portion; fresh to brisk northeasterly winds on the const. # ^Western Tcxaa-Falr tonight and Thura- Oklahoma nnd Indian Territory—F*Jr and colder tonight; Thursday fair, Arkansas-.shower* tonight and Thursday. Foundry Mitc*llan*out, 82ft Amalxaiualed Copper Amenran (.'ar nnd F< American Locomotive American Tobacco American Cotton Oil American Smelting and Refining do, preferred Brooklyn Rapid Transit Colorado Fuel nnd Iron National Biscuit .. ,, >• .. .. .. National Lead .. Pacific Mall .. * People’s Gas .. r Pressed Hteel Car Kloas-Sheffield Hteel Sugar .. .. .. .. .. United States Hteel do, preferred Weateru Union .. Mackay Companies do, preferred* ■!k — 4% UNION SAVINGS BANK Could BuNdlog CAPITAL STOCK , . . SI00,000.00 - n . RBSOUROCS 4% 0100,000.00 4/« THE AMERICAN AUDIT COMPANY Home OfBce, 100 Broadway, New York City. P. W. LAFRENTZ, 0. P. A., President. C. E. Manv.-ring, Vie. Pr.fidant. Th„. Coch.u, Jr., C. P. A., tn. an, Trn. BRANCHES ATLANTA—Fourth Nxt'I Bank BMB CHICAGO—Mantuvtte Building. nilLADELI *IA—Botl«vu«-8tmtfor4. BAN FT.ANCIBCO-B.ldwi Bulldlns NEW TORK—Waldorf-Aatorta. BOSTON—Exchange Building. WASHINGTON—Colorado Building. NEW ORLEANS—Henntn Building. BALTIMORE—Fidelity Building. LONDON. ENGLAND—4 King StrtaL Ch«apa!d*. ATLANTA BRANCH 1015-1S Fourth National Bank Building. 0. B. BID WELL, Begident Manafar. Telephone, Main 872. Cabl* Addrsts. Amdlt, N. Y. Washlugton. Oct. 30.—^Weather conditions and general forecast: The disturbance that occupied tb* south ern New England coast Tuesday morning has moved northeastward toward New Found laud. Its passage being followed by clearing nnd colder weather In the north- eastern states. A disturbance has advanced from the north Pacific coast over the Brit ish northwest territory wtth rain In the middle and north Pacific coast districts, and thence to the northern Rocky moun-i tains. Rain has also fallen lu the central val leys, and heavy rains have occurred in southeastern Texas. During the next thirty-six hoars the rain •en will advance to the Atlantic coast, and rain Is likely to continue In the Mis sissippi aud Ohio valleys and the lake re- glou. Temperature change* will be unlmplrtant, although freezing weather will be expe rienced tonight In the Interior of New York and New England. Forecast till 8 p. m. Thursday: Ge4»nrla—Fair In southern, thnwara |« northern portion tonight and Thursday; wanner tonight; fresh easterly winds. Virginia—Fair tonight; rain Thursday; fresh north to northeast winds. North Carolina and Mouth Carolina—Warm er tonight with fair la eastern and show ers in western pbrtlons; showers Thursday: fresh east to northeast winds. Eastern Florida—Fair tonight and Thurs day: warmer lu northern portion tonight; fresh easterly winds. Western Florida—Fair tonight and Thurs- 'iy: fresh easterly winds. Alabama sml Mississippi- Showers tonight aud Thursday; fresh east to* southeast Kentucky and Tennessee-Fair, with mod-! •rate temperature tonight ami .Tharad*/. I Louisiana—Showers toulght nnd Thursday: fresh to brisk northeasterly wind* ou the FRANK HAWKINS, President n. M. ATKINSON. Vice-President. THOMAS C. ERWIN. Casklar. JOSEPH A. M'CORD, Vice-President. U. W. BYERS, Asslttso: Cask lee. Third National Bank Capital .... $200,000.00 Surplus and Profits $400,000.00 DR. A. W. CALIIOUN, MILTON DARGAN. JOHN W. GRANT, II. Y. M'CORD, FRANK HAWKINS. II. M. ATKINSON. JOSEPH 4. M'CORD, J. B. NUNNALLT. J. CARROLL PATNK E. B. ROKHER. DAVID WOODWARD. SPRINGS & CO. COTTON. STOCKS, GRAIN AND P E O VI! if Cotton Exchange, New Tori, MEMBERS: New York Cotton Exchange. New York Coffee Exchange. New Orleana Cotton Exchange, New \ork Produce Bxrbani Liverpool Cotton Association. Chicago Board of Trade. B. C. COTHRAN, New Orleana Representative ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS, AUDITORS AND BANK .Audits, Special Examinations. EMPIRE BUILDING, EXAMINER* nd Systematizing. ATLANTA. QA.