Newspaper Page Text
THE ATLANTA GEORGIAN.
11
TROPICAL STORM
STILLJ FACTOR
Pi’edicted It Will Extend
Over Central Cotton
Belt Today.
FOLLOWED BY COLD
Claimed by the Bears That
It Will Not Materially
Damage Cotton.
New York. Sept. it.—Influenced by
etronger cable* and an unfavorable
weather map, the local cotton market
opened Arm at an advance of 2 to 9
point*. A number of large lota changed
hand* with lower Wall street credited
a* a seller of January. Short* bought
a lot of cotton on the call, and after
It the South purchased on the bad
weather.
The New York market for options open.
e<l 3611 point* higher this morning on a
lietter set of rabies than expected nnd a
continuation of the unfavorable weather
reported over the cotton belt.
General rain* and cool to cold weather
prevails generally, on used by the tropical
storm now In the gulf, Texas. Arkansas and
l.oulalnna reporting the heaviest ralnrall.
Following are the active months tu Liver
pool today:
„ Open. High. Low.
Octolter-Novemlier. . . .4.99 t.03 4.99
JnntioryFrbruary ,£<JI 6.M 6.01
March-Aprll 5.0* J.0J 6.00
Maj-Jnne .. .. ..Iteli 611 6.06Vi
Weather conditions have caused some on-
easiness among the shorts and their cover-
Ins and some southern buying was respon
sible for a slight further Improvement
Immediately after the opening, after which
the market became dull within a narron
range, with a losa of some 3«3 points
front the highest recorded during the
morning session.
comparative receipt* at all United States
ssr receipt* today.. ..
Same day last year 46,40*
Decrease 5,051
Total receipts for four days 191,477
Bame days last year 511,176
Decrease 56,6*
Totsl receipts since September 1....667,16
Bame time last year..., 7*4,471
Decrees* 507,5*
Semi-weekly Interior Movement—
1900. 1*06.
Receipts 64,(76 167,6*7
Shipments 70.696 78,364
points
finals.
... i !S its
11,000 to 14,01
.. ww. -T Id ton® ... ^
nta higher. as compared with yeaterdny
SPOT con ON MARKET.
nta, quiet at 9S-16c.
R ew York, quiet at MOe.
•w Orleans, steady at 99-1
ista. quiet nt fltlfir.
nnnb, steady at 9l-18r.
... J/rals, quiet at 9ftc.
Houston, quiet at 9%e.
Boston, quiet at 9.80e.
arfeieSs? .*[ 5&
at te.*
mlngton, « *e-
dempbls, ateady at OVic.
TODAY'S PORT RECEIPTS.
The following tebi* ehowe receipts st tha
porta today, compared with the aam* day
laat yean
NEWS AND GOSSIP
Of tbe Fleecy Staple.
Trlvate Wire to Olhert t Clay
day 0 FridT." k 8.?temb?rl?*' >,t ' , ” b * r D0 " Ce
[n* k u October.
Mltehell ^fferlnc September nt 9.80c,
'' l,lkJU *‘ld* 9.86c for 10.000 Octolter. Car-
P**|* pr » Bnggott Vfc Co. In rue seller*.
The Journal of Commerce eayi: “The
fnrrnTt°f. thp r °P»'V ,M!nt 1 Ht,VM of a few
larffe jobbing firm* In th* i..a*i-.,i •»«.—
some houses nn nlr o
not general, trndluf, _
mm. °V ,h ® 9 u ‘ et •}■>«- A ateady vol
mm- of buslnpsa Is going on, hut Inner,
nre cautious, and will not yet change their
policy of inking ouly e •- ■ ■
mediate wants. There .. .... , u „„
market concerning the prohnblllty of lower
price* nt the turn of the year, and innuy
tiling* give evidence that buyer* recognise
the well-aold condition* of
1*07."
h'ew Orleans, Rept. 56.—Ths unfavorable
end still unsettled romlltlou of the weath
er *» causing further short covering. Mar
ket ■ undertone la much Improved In con
fluence. and no desire to cell Is manl-
sonmg 1 ”; Ne« h, 'y"t°k M vroid d “ '° hMrjr
“ SOUd n,nrl ‘ e, • W “
Liverpool cables us: “Bnecu
. rfnrfpaf buyers of deliveries
months and sell!ns deliveries
months."
T«Mluy'| mnp shows further general nnd
heavy rains over the l»elf. except In cen
tral and western (tortious of Texas. Weath
er conditions are very cloudy. The In
fluence of bad weather with an unexpected
Improvement In Liverpool will probnbly lm-
Fendenc the ni * rket * wore ,,ec * ded upward
The eastern forecast Indicates rains gen
erally for the district, both tonight and
Thursday. .
The western forecast Indicates for south
ern Texas fair wenthcr. with brisk winds
on the roast. For northern Trias, rains
nnd cooler weather. For Louisiana mud
Arkansas, rain and high winds ou the roast
of the former. Oklahoma nnd Indian Terri
tory fair nnd cooler both tonight and
~hursdnjr. ,
Several Texas points wire ua spot basis
easier.
Storm warning: It Is believed the trop-
leal storm will move Inland east of New
Orleans, and It now seems probable that
the Texna coast will not suffer.
Private Wire to Ware ft Iceland.
New York. Sept. 26.—Liverpool futures
opened quiet and unchanged on near and
1 up on late. At 11:15 p. m.. lft#2ft up
and steady. Sales 5.000 spot;. 7%. at
S.BOd. Futures dne to come 102 down.
Carpenter, Bnggott ft Co. say; “While
ws are very Itearlsh ami look for lower
prices, we think it Is hut conservative to
:nke profit when obtainable and reduce
lines over the critical period.'*
New Orleans. Sept. 16.—New York
hammering this market.
Edited by
Joseph B. Lively
MARKETS
Sir. I.lvety's twenty-fire
years' experience of ed
iting msrkete In Atlsnt*
end the South has mtde
him * recognised au
thority In hie specialty.
TIPS FLASHED
From Wall Street
of the cotton belt
WARE A LELAND'S
DAILY COTTON LETTER.
N«w p r, eans. Sept 26.-Bad weather
isd little effect on prices today. The trop
es! storm that has been careening around
n the gulf finally decided to make straight
for the heart of ths cotton helt vis New
Orleans, hut the trade viewed this with
apathy. Considerable rain and probable
diiiiiw to open cotton was reported over
the helt, but this stlrrea np very little
mlllsh enthusiasm. A cold wave was dear-
y defined In the northwest, and was ap
parently headed for the cotton region, to
follow In the wake of the ralna, but even
this did not stimulate buying, and the tat*
ent at last came to the conclusion that
tbe so-called “chronic balls’' ware short
of the market, and were refusing to take
losses on their shorts. Liverpool was bet
ter than expected, owing to bidding *
cal operators, according to private
not arter tn# iniuai nurry prices showed
no buoyancy and with any aggressiveness
on the part of the bean would prolwbly
have gone decidedly lower. At no time
urgent than It
Mrs were willing
It hard to sell ootton.
trohahly show some shrinkage in the near
.’ntnre, owing to the bad weather that has
been experienced In the belt, but It la
doubtful If thta will stimulate spot buy
ing. Buyers, as a whole, hare made np
their waiting attitude.
INTERIOR MOVEMENT.
Tbs following tabie shows receipt* at the
Augusta . ,
Memphis . .
Ft. fsOUts . .
(Inclnnatl . .
Total ....
17341
POLITICS AND MONEY
FACTORS DISCOUNTED
New York, Bept. 56.—Report, re
ceived by u* from unquestioned source*
at thl* writing Indicate that, the beat
kind of buying ha* appeared and a
recovery I* expected «oon. Whether
or not It will be permanent remain* to
he eeen. We do not believe It will a*
yet. owing to the factor* ruling, but
It I* beyond a doubt that the political
and money factors of the Immediate
future have been largely discounted
by the break.
THE DRY GOODS MARKET.
, . t toflny.
yarn* were Irregular And In light demand
f"r t»»ng. contract.. The principal export
trad* t>( tho week hns been a tulle to lied
—a point*. Rome leading Joldiere are In
the market replenishing stock* already de-
THE CUGAR MARKET.
hew York. Rept. 56.—Loral refined nnd
!** etigflr ntendy nml urn-hanged. Ixmdou
sternly; Reptemlier 9, 99id; October
QfflERT A CLAY'S DAILY
COTTON LETTER
Private Wire to filbert & Clny.
New York. Sept. 56.—The Anaconda dlrl-
dend having lieeu deelered st nlwut the
smallest Inerense possible, we may look to
RANGE OF NEW YORK STOCKS AND COTTON MARKETS SmESSSS
la expected In the near future, and In some
this Is *
i de t
Atnslgamnted Copper
Atlantic Conet Liu*
American Sugur Kef. ....
Anaconda
Amerlcau Locomotive.. . .
do, preferred. .....
Amer. bmeltlng lief. . . .
de, preferred
Atchison.
, do, prsferred
American Cotton Oil. .....
Amer. Csr Foundry
Jlaltlianre A onto
Brooklyn Uapbl
Canadian l'selnc
Chic. A Northwestern.. . .
Lbewpeske A Ohio. ....
Colorado Fuel A iron.. . .
Central Leather
do, preferred
Chic. A Greet Weet'D. . .
Ch e„ Mil. A Rt. 1\ . . . .
Itrle
tiller’s Securities!!!
I*. .
„ do. preferred
General Electric. . . .
Illinois Central
Amer. let .Securities...
Louisville A Nashville..
Mexico Central
Missouri Pacific
m
96*4
total stock mi
NAME OF STOCK.
..’ntlonal Lead. . . .
Northern Pacific. .
New York Central.
Norfolk ft Western,
Pen my lvanla. . . .
People'! (Ins
Pressed Steel Car.
do. preferred. .
Pacific Mall
Reading
Republic Steel. . .
Southern Pacific. .
Southern Railway.
do. preferred. .
Sloss-Sheffleld. . .
Tenn. Coal ft Iron.
Texas ft Pacific. . .
Union Pacific. . . .
United 8tates Steel.
do. preferred. .
V*.-Car. Chemical.
do. preferred. .
Western Union. . .
Wabash .
do. preferred. .
Wisconsin Central,
do. preferred. .
tea today 1,074.
NEW YORK.
tnres In New York today;
Sept. . .
Oct. . .
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March. ,
Ma;
Closed
Ti43«r
8.81 8.87-88
• 9.0CU>4
9.14-11
9.33-24
9.30-32
9.38 39
9.48-49
8.77- 78
8.78- 79
,8.92-93
9.00-10
9.17-18
9.24-26
9.32-33
9.43-44
LIVERPOOL.
The following figure* giro the opening
range and dote, compared with yesterday’s
C Futures opened steady.
Opening.
September. .
Sept.-Oct. .
Oct.-Nov. .
Nor.-Dec. .
Doe.-Jan. .
Jan.-Feb. .
Felu-Mnrch.
March-Aprll.
.5.17 -5.20ft 5.20ft 5.17ft
.5.(15 -5.07 5.07 5.04
.4.99 -5.01ft 5.01ft 4.99
..4.97 -5.00 6 00 4.97'
.4.99 -5.00ft 5 01 4.9S'
.5.01 -5.02 5.02 5.00^
6.04ft h.02M
.5.06 -6.06ft 6.06 ‘
fnv-Jmie
Closed i
iS
NOTES ON GRAIN
Pointers on Provision!.
New Orleans. Sept. 26.—The Improve
ment In options was attributed by cable*
to speculative buying of near uinntha nnd
aelllng of distant positions, closing price*
were 102 point* higher than Yesterday's
levela. Spot sale* continue light, only 5.-
000 bales having been sold, but at nn nd-
vancc In quotation* of 6 point*. The pres
ence of the storm off the gulf con*t nnd
the exceedingly wet nnd unfavorable weath
er over the belt that the map recorded this
morning earned short* to display romdil-
erahle nervousness, resulting In n further
Improvement from opening price*. The
quietness and easier tone of th® spot mar
ket, however, lessened to a large degree
what otherwise might have been called
a bullish situation, but Inrklng fresh nnd
healthful support, prices soon lost the Ini
tial advance. The policy of conservatism
seems to prernll. Trio manr unfavorable
circumstances now momentarily exist to ad
mit of any material decline, while, on the
other hand, the latent desire to expect
lower prices Is held In check by the fear
that damage from rains and winds to tbe
open cotton now In the fields In by no
means a remote possibility
THE COFFEE MARKET.
New York, Sept. 26.—The coffee market
opened unchanged to 5 point* higher nnd
held around the Initial figures during the
forenoon. Thl* wo* disappointing In view
of the bullish news received, and the heavy
selling suggested that some of the Idg re
cent miter* were using the demand created
bv the bullish news to reduce their lines, g
fact which gradually checked the buying for
outside account, which had seemed to l»e en
tering the market nt tho opcnhig.-Uthert ft
Olay.
Following Is the opening range and close
of tha New York coffee market for to
day: .
Opening
Ranee.
January
** • ----- 6.70-6.80
February.
March
April
May... .. .. .
June... .. ..
July
August.. .. ..
Keptemlwr. .
October
NovemlHT
December. ..
.. ..6.85
....6.90-6.95
.. .7.00
..7.00
.. .7.05-7.10
,. ..7.10-7.15
Close.
0.66-6.70
6.70-6.76
6.80-6.85
6.856.90
6.96-7.00
7.00-7.06
7.06-7.10
7.10-7.15
6.40-6.50
Private Wire to Albert ft Clny.
Chicago. Sept. 2*.—Wheat cables about
ateady and northwest receipts moderate.
This ought t« give us a fair market.
Isb sentiment increasing on the sun
pect of big Kuropetn demand. We look for
gradusl Improvement In prices.
Corn sndf oaUr'very firm, considering fa
rumble weather, and receipts, while vers
friendly to both, we believe profits should
be taken on quick rallies.
We believe the wheat action of the market
yesterday and today Indicates It Is toppy.
Now support has not been found to con
tlnue tbe buying around 70m and speculative
trade has fatten off shandy. This Is the
eak feature. Would sell wheat and wait
>r chance to buy a cent or two lowsr.
Provisions opened lower with Cudahy sell*
ng November Isrd; later Imught January
ard and offerings are less. Looks like there
might lie some good local buying of tbe
it
Private Wire to Ware ft Leland.
Chicago, Sept. 28.—The crowd would bull
wheat Tf it gets a chance. Offerings not
“ ^e. Sentiment hardly as bullish and vet
_„.)n^th Increasing In other grain helps
W Longs In oats taking some profits on this
advance. Commission houses buying.
No nnsp to wheat. It Is due for u break.
A demand for December oats by locals.'
These coarse grains attracting more atten
tion.
Chicago Inter-Oeean: The extent of crop
deterioration In the nortltweat and the rea
son for the small movement Is !>ecomlng
apparent. The rains after harvest have
caused more loes In quality than in qunn-
“ty.
A message to the Northern Grain Co.,
which startled the onts trade In the last
hour, said: “Line houses report oats In
the three northwestern states badly dam-
nged. They estimate that less than 25 per
cent will grade No. 3 white, and that the .
rop of the throe northwestern^ stntesjtas ( May.
Sept.!! K lTw
LITHE fEITlM
TO WHEAT MARKET
Opened Steady and Un
changed—Commission
Houses Sold.
war not yet explained this Is expected to
Invite support to Colorado Fuel and Iron.
‘el Odell ft Co.: Political situation
..fusing anxiety. The probable nomina
tion of Heurst by the Democrats caused
innrkot to sell off yesterday nnd It Tnsy go
some lower today. In which event the good
railway stocks will be a good purchase for
- turn.
Think Southern Pacific best one on list.
"Banks are discriminating ngaiusf Indus-
The New York Financial Bureau snra:
Polities seems to govern the stock market
fluctuations now. Money really rules. Thr
bridge from September 28 to October 2 re
mains to Im» crossed, ns stated. Next week
the sky will be clearer all around. Further
reactionary operations would not surprise
u» today. No serious decline generally
seems likely. It Is phUuly a shake-out.
tundnmentnl* are strongly bullish, but spec
ulation, as we have so Jo. in held Ju check hy
money lack. News developments over uight
make the political situation look i
Henrst (Democrat), and eltaer Hughes IP
Boot (Republican) to us. The best course
to pursue In general la' the conservative
one. but we urge you to buy on the weak
snots, for scale-down .orders are absorbing
tbe best issues for another rise.
Private Wire to Ware ft Leland.
New York, Sept. 28.—London irregular and
tending lower. •
Anaconda off 2ft early.
Cobsldernble stress Is hetni made on the
ladlef that Ilonrst will l»e nominated, and
ns Secretary Shaw has not a* yet tsken
atep* to relieve the money market It nat
urally creates uervousness on the part of
the timid, especially In view of the very
heavy disbursement In October on dividends
nnd trust companlea having to Increass
their reserves 310.000.000.
It Is doubtful If excesslre rates on call
loans will t»e permitted, but small flurries
can be expected.
The ndarance and strength In copper raatal
should weigh more with holders of Copper
LITTLE BUSINESS
Traders Only Backing and
Filling—First Selling,
Then Buying.
TALK ALL BEARISH
The Political Situation the
Chief Topic—London
Was Small Buyer.
ijjl ».D 9.17-1* 9.15-14
J Wt 9.3 9.26-57 9.2S-24
9.32-31 9.32-33
9.41 9.49-41 ».:«-£
9.55| 9.54-56} 9.31-33
Chic,40. Rrpt. 26,-Whf.t cloaial Uo lower,
corn *®Hc up. oat, ipilneil HOlic, anil
prorlalon, were off 2H®tc.
Cn.h rale, wlicet 10.000. 25,000 lui.bel. corn
, here, 20 liMd. wheat,
Im.liel* oat, at the
I'rlmary rccclpti of wheat 920,000 hu.helt
anil corn 1,041.(500 ■— fc
,000
_ lmahel., couiparcil with
,216,000 and 712,000 raapwtlvelr n year oao.
I'learaucca for the day: \\bent 1,<®.000
liu.licl., corn 144,000 bu.licl., oata 45,000
huabelt.
CHICAGO GRAIN MARKET.
Open.
WHBAT-
72%
WVi
fe ? ft ft
a
deteriorated 25 jmt pent since the govern
ment report." Local professionals who had
this message Increased their linos and May
sold up to 36fte. where It closed.
Cash business lu wbent In Chicago Tues
day was 32,000 bushels mixed lots. Hales
of corn were 88.000 bushels. Including 60,000
bushels for export, nnd onts 530.000 bushels.
Duluth sold 128.000 bushels of wbent for
export, and Chicago exporters sold 98,000,
part afloat, and all No. 2 hard. Export sales
In nil positions. Chicago nnd all seaboard
ports, were 400,000 bushels wheat ond 58,000
bushels corn.
Northwestern messages said the move
ment of all grnlus depended on the capacity
of the railroads to furnish enrs and motive
(tower. Interior elevators are filling up rap
idly. nnd where cars have been loaded they
have. In numerous Instances, been left
standing on side tracks.
September deliveries yesterday were 20.000
bushels of wheat, 139,000 bushel* of corn.
85.000 bushels of onts, 750 tierces of lnrd,
60.000 pounds of short rilts.
A Duluth exporter wires: “Wbent looks
very hcnlthy Indeed. Buying business in
Mnnltohas for export and vsry close on
Duluth* today. Continent seems especially
anxious to buy. Wc sold sixteen loads for
export today, port MnnttolNi snd part Du
luth.
WEATHER IN COTTON*GELT.
a imi
Jan... 13.35
LARD-
Hept.. 8.95
Oct... 8.92ft
Jan... 7.82ft
RIDES—
Hept..
•t...
7.85
8.90
8.16
7.80
8.90
8.87ft
7.82ft
9.00
8.40 8.42ft
Jan.... 7.12ft 7.15
t AHn WHEAT- r
No. 2 red 7&074; No. 3 do 72ft073H
2 hard winter 7274076; No. .3 do ?O074.
8.90
8.96
7.10
9.00
8.85
7.10
8.90
7.82ft
9.20
8.40
7.12ft
Wheat
Corn ..
oats ..
llogs ..
LIVERPOOL GRAIN MARKET.
Wheat—Open unchanged; 1:30 p. in. un
changed; cfose, unchanged to ftc lower.
Corn—Open unchanged; 1:30 p. m. un
cbiuged; close higher.
..6.60-6.66 # 6160-6.65
THE METAL MARKET.
New* York, Sept. 26.—Tin steady, with
a alight advance In offerings for spot
and nearby deliveries.
Lead and Spelter ateady.
GIBERT & CLAY
» K. ALABAMA AT.
STOCKS. BONO*,
COTTON. ORA IN.
COFFCC. PROVISIONS
ATLANTA. OA.
^ yckx* codoo essie;
K.w Yotk Coffee Eii'hauic.I.N’.n Orlran. Board of Tn
Chlr.go Board of Trad,.
..Llrerpool Cotton Araoct.tloa
!, |Galveston Colton Lichen,*,
• I’rlrat, Vflrea to all Exchaaf#.- , u ..
t-oeal and Lena DliUnoo Tolephono 5298. W. n. FAGAN. Mnnaflar.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 8?8.
ATLANTA. GEORGIA. '
T.xne—Iinllne dear *nd cool. _ Tyler
clondv anil coni. Fort Worth and Tonmle
cloudy nml nlaty. Helton and Ran An
tonio rlenr nnd ntearant. Newton olouily
nnd drlixllnx: rained laat nlKhi aud yes
terday. Canton cloudy; rained nearly all
nl ?llralralppl—llattleidinra eloiidy and very
rool. Merldlnn cloudy, root and threaten.
111*. Ynxoo City cloudy nnd cool: hard rain
laat night. Jackson cloudy and pleasant;
Inst nlfht and yeaterdny after-
.-n.ndv nmf pleasant; rain-
_ _ VIckMinrg tbresten-
Inx: hard rain yeaterdny and la»t nteht.
Alnhamn—Mont*oniery cloudy nnd thrent-
etilna: rained yeuterday. Mobil, clear and
cool; rained laat nlfht. Reims clear and
cool: mined yeaterdny afternoon. Opelika
cloudy nnd very cool: llaht rain renter,
dny. Eutaw nnd Troy cloudy and Vena-
* Georgia—I’oliinihii* cloudy and warm.
WEATHER IN WHEAT BELT.
Extreme Northweat-Oenernlly dear;
to 45 above.
Northwest—Clear ami cooler- 35 to 60
above; fro«t nt Bismarck and Minnesota.
West snd Southwest—Partly cloudy; 35 to
88 above; light abowers In eastern Iowa;
local rains In Missouri.
Ohio Valley-Cloudy; 80 to 86 shove; gen
eral rains.
WEATHER FORECAST.
NORTHWE8T CARS.
Tbs following figure* give the northwest
cart of today, last week aud Inst year:
Laat I.aat
Today. Week. Year.
Georgia. E.»«t Florida, West Florida. Al
abama. Mississippi and l/>ulsnsim-Hsln
Wednesday nnd Thursday; brisk to high
northeast wind*. .
East Texas—Fair Wednesday nnd Thurs
day except rain Ip southeast portion;
fresh northeast to north winds.
Arkansas-Bain Wednesday; Thursday
^Western Texas—Fair Wednesday nod
^IllluohtTartly clondv and cooler north;
rain *outh tonight nnd tomorrow.
Indiana—Bain tonight and tomorrow
Wisconsin—Cooler tonight; probably light
Minnesota. Iowa, Nebrn*kn-Falr tonight;
frost Thursday. \ , t
Mlssonrl—Fair west, rain In east tonight
simI probably tomorrow.
Dakota* and Montana—6 air tonight and
♦morrow; warmer.
K.;iirh*-Fair uud cooler tonight; tumor-
movement of wheat and corn:
Wheat receipts today, 929,00 bushels
against 1.215.00 bushels Inst year. Khlmuents
today 893,000 bushels against 474,000 bushels
hist year.
Corn receipts today 1.041.000 bushels
ngalnst 712,00 bnnhels Inst year. Shipments
today 480,000 bushels against 340,000 bushels
last yesr.
COTTON SEED OIL MARKET.
Opening. Closing
Hcptember
October “* “
Novemtier. , . •
December. . . •
January
March
May
Closed steady.
LITTLE IS NEEDED
TO MOVE COTTON
>. *Z,, Y 2 rk V **?*■ ? Hun says: “fn
P rof ™ on . n > market like the nres-
« comparatively little la needed to
»».ra n # 1 th *’ «>ther, nnd yes-
* ;«*or»lool storm off
^ A?! or, .! n ,u,r . ,lt ‘’MUse heavy
rain* In the Atlantic section of the belt,
jr not elsewhere, were alone sufficient
Zj'S&BaSf especially a* rain
predicted for many parts of the licit.
n J.i u ***** heavy ralna, ond
aI,u !' Moreover, the LIverptNil mar-
ket allowed unexpected strength, and poo-
fi oro '*«»mbfounded to find that the
Houta was offering less freely In the inur-
rt i D # J 1 '*** w this widespread prosper-
Jx off the cotton manufacturing Indus-
IK* *i W< 7 , . , *i reasonable presumptlou
fhht the takings by the mills will lie very
■W' n i lf ,lW| rs P«lnt out that during
Up. ,aBt y;«r" the Dig gaps In stocks
nhlch were inode bv the famine years have
been filled up, that small dealers nre bet
ter supplied with goods than they were
***** ogo, and they affirm that,
;Sf££! 0 L?.’i. ,! n " v »>nppon that American
cottou will fall considerably. To most peo-
P e. however, who take n dispassionate
new of tho situation. It looks as though
the consumption would be lnrge. and that
thereof would be an ample supply to meet
*“ ^ >l<f Jsuuary.''—
generally.
Dow-Jonts' summary: Americans In Lon
don Irregular nnd rather Inclined to sell off.
Indications point to nomination of Hearst.
Home prospect of Charles E. Hughes be-
Ins nominated on Itepuldlcnn ticket.
President Fiitma. of Cuba, abdicates,
which may force Intervention by the Ublted
Htates.
Colorado and Southern earning capacity
ow approximately 5 M0 per cent oi. com
mon stock. %
Bock Island report, analysed, showed
equity for common stock equal to 2.10. per
cent.
Light demand for stocks In loan crowd.
Eleven roads for the third week In Hep-
1 per ee
Twenty active railroads declined 1.55 |
cent.
low yesterday’s lowest. But the main
operations, even at the start, seemed to
comprise everything of profits on this sldo
which had accrued from yesterday’s decline.
This covering, along with a moderate
amount of buying of a more substantial
nature, soon made Itself felt In steadying
the general list. Prices rallied fractionally
as a rule during the first boar, and then
‘ — * The
more news from
conventions.
Now York, Sept. 28.—Tho itock
jnarket opened Irregular. Consoli
dated Qas started In a point lower and
rallied half. Brooklyn Rapid Transit
declined 7-8 and Union Pacific 3-8.
Reading opened unchanged mad ad
vanced 1-4. American Smgltlng was
unaltered. Atchison advanced 1-8 then
lost 1-4. Pennsylvania and Amalga
mated advanced 3-8 and Baltimore and
Ohio and Anaconda rose 1-2.
The stock market through the first hour
ruled quiet and generally firm with little
business In any part of tha room, and trad
ers simply backing and filling, first selling
THE LONDON STOCK MARKET.
STOCKS SLUMP
IN LAST HOUR
New lork, 8ept. 28.—There was no Im
mediate cause for the break during the laat
hour, though lack of support has been a
conspicuous feature of tho trading today,
ns far as large Interests ore concerned, and
the market looks ns If stop orders had been
reached In some directions.
during tbe next few days, augmented
icrcasing apprehension engendered l»y
malIncas of tbe new crop movement.
Ne
frat: “The not , MC
nntn race riots may nffect the cotton lielt
labor situation, and the prospect of wet
fields diirlor *“• * *— *— - -
the ln«*roaaL__
the smallness
nnd bullish sentiment received sufficient Im
petus to Impel some short covering, lie-
jond the shadow of n doubt, there Is vir
tue In tbe argument tlint the farmer mid
interior merchant will !>e In better posi
tion to enforce demands after some of
their debts shall have been paid. Hence,
the outcropping of a holding tendency may
now mean more than most folk who at
tribute the small movement solely to late
ness of the crop are willing to admit.
Forced selling Is ami will always be a part
of the game between the producer and the
buyer, but the vital germ of seif Intcrcxl
hns been planted deep In tho farmer’s aunt
omy, and It Is growing and spreading con
atantly. This factor the talent should not
‘more. When the farmer demauds nowa
ys, he does so Intelligently, rndlenl ad
visers snd perpetnnl pessimists to the con
trary notwithstanding. However, the real
struggle for price supremacy will develop
Inter on. Meanwhile, a hit of floundering
lu the scalpers’ ranks will fool uobody.’’—
Ware ft Inland.
iimin'-i h*tit.ii (inyr, nml was n strong
Intllrntfnn of tbe nUllud. of Icdlnc Inter*
Mta.-Olb.rt A Clajr.
NEGRO SHOOTS WIFE
IN NEIGHBOR’8 HOME.
Bait year 6.500, natlva Chrl.tlan. were
added to the church In Japan.
Th. largest anchor ever made weigh
ed 10,600 pounds and cost nearly 310,
000.
SOUTHERN EXCHANGE
Oldest Established Office South.
CO no*—STOWS BONDS GRAIK
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, BRAIN
Correspondent's Capital $250,000
REFERENCE. THE NEAL BANK
PHONE MIT. PRUDENTIAL BLOC
Rpeclal to Tho Georgian.
Wilmington, N. C., Bept. 26.—Today
when William Athe, a young negro,
discovered hi. wife In hiding In th,
house of u relative, he opened Are and
killed her a* .he wo* attempting to
..cap. hi. wrath. The woman fled
from h.r home Sunday night becauee
of a quarrel during which her hueband
threatened to kill her.
Thle I* the eecond murder committed
here by young negro men within f6ur
days.
STOCKS—
Anaconda
Atchison
Canadian Pacific ... .
Chic., Mil. sad St. Pan!....
Erie
Illlnol* Central
Loulavllle and Nashville..
Heading 145ft; 1!6‘£ ISO ~
Pennsylvania.. 1 Iftft 1 MV Hi •'*
Southern Pacific.. ~ ‘
Union Pacific... .. ,
Uulted Htates Steel,
do. preferred. . .
t*rr.
Cloe ClOft
M 96V
185ft 185ft 1*6*.
44ft, 4»ft, ».V*
106?nil06ft?106*I
STOCKS REVIEWED
BY NEW YORK SUN
New York, Sent. 26.—Tbe Sun .ays:
"From etert to finish, the market ycaicr-
dny waa under the Influenre eoncemlnK
the allegeif probehllltf of the nomination
LEAPED OFF FA8T TRAIN
TO 8AVE PET BULLDOG.
Kenosha, Wle., Sept. 26.—In an ef
fort to save the life of a pet bulldog,
William Sheehan, of Milwaukee, lost
night leaped from n train running at
the rate of 40 miles an hour. He fell
by the aide of the track and escaped-
with slight bruleee.
already l>een ae-
eata naaertlng the belli. B
end the platform na were talked about
would not receive the support of tbe con-
servntlre element of the perty, nnd could
not win without It. Secretary Shaw gave
no Indication of his purpose attributed to
LI—®..# #...(1... Ih. .la
glMtvntir pursued tor M year aud 1 ■
•lowly advancing tbe rata to a level in*
tided by.the prosperity In the metnl Iihiur-
trie*. 41 raid on tbe stock followed tho
dividend announcement, and at the close
the Intercut* working for a decline attun
ed to be for the time being In control
of the market.*'—Utbert ft Clay.
—I
LIVE STOCK MARKET. T
Chicago. Bent. 28.-
ceipt* today 30,000.
Ity fair; laft over 4,687; hulk 16.35^6.65;
tlmated for tomorrow 727,000; light $6.30
08.75; mixed 16.1508.77ft; haaiy 3.5.ffili|J8.77ft;
* ^ 35.8506.70; yorker*
olee heavy 36.65©
tad receipt* 18.000. Market
fair; beavea 33.8506.05; cows
era 3L 404M.S: c*l*e* $*#
-rim* ateera 35.%06>u; poor to
O0ft.iO; atockers aud feeders
hheep—l —
slow and weak; aotlltg
5.50; ytarilnga ffi.4006; lambs 34.2507.6J;
k^*r Ovfaaaa,
cottonVgraw, ?ROVISi5n5, I STOCKS^ > BOND3 i
H$. 2 Faff SI., refers Building, Atlanta. Ca.
Arw Orleans Cotton ftchange.
(•f* ft
i2262.
Wires to Mew fort. Ban Orient, Chicago.
Chicago Board #f Trade.
Chicago Stock tachaage.
New York Coffee itchaago.
LOWRV NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers^ Checks, Brown
Brothers’ Letters of Credit available in ail parts
of the world.
WM. L. PEEL, President. TBQUAff J. rEEPLE8, Ca*h1*r.
BOBEBT F. MADDOX. Vita rresldanl JAMES G. LESTER, Assistant Cashier.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
Safe Deposit Boxes
For rent in our vaults in tbe basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be wilhoul one. We invite
you lo call and inspect them.
Title Guarantee and Trust Co.
Frank IUwklos, President.
H. M. Atklmon, V. P. Tnmni* C. Erwin. As*t. Cashier.
Joseph A. McCord, CaaMer. It. W. 0yera. A sat. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
John W. Qrmnt.
DIRECTORS: j. n. Nianal
Frank Hawkins. J. Carroll Pay
II. M. Atkinson. E. B Roraer*
Joseph A. McCord. David Wood*