Newspaper Page Text
i
THL ATLANTA GEORGIAN.
THURSDAY, SEPTEMBER 27. IfKlr.
li
PRICE ESTIMATED
THE COTTON CROP
It Was Bearish and Caused
Some Selling by the
Brokers.
OFFSET BY THE STORM
Good Buying Appeared, the
Tone Firm—Prices Scored
Good Advance.
New York, Sept. 27.—The undertone
of the cotton market wae steady. For
eign houses were good buyers of Octo
ber, and this, together with the higher
rabies from the market at Liverpool,
rauaed the steadiness. There was con
siderable selling through certain brok
ers, supposed to have been caused by
the estimate on the crop Issued by The
odore H. Price this morning placing the
yield at 12,250,000 bales.
The New York market was called ateady
at the opening tbla morning, with prices
ahowlng advances all along the line, re
flecting better Liverpool advices than ex
pected.
Immediately after the opening, n Arm
tone developed, as a result of fears of
actions damage by the tropical storm, cen
tral on the Louisiana coast this morning.
It Is accompanied by heavy ralus and high
winds, which will serloui'
nml on this view of the i
►harp advances during the morning
lug. The October option was the strong
est. and advanced above 9c.
Following are tnc ectlve months In Liver
pool today:
Open. High. Low.
Ortotar-Novemtar. . . .6.00% 6.06% 5.00%
' ' “ 5.01
ft. 05
May-June.... 5.09 5.14% 5.00
Tbeo. Price Issued an estimate of the
crop today. He places the yield at 12,-
2f>V>Q0. It wna considered bearish, and a
few of the door brokers sold, but with-
nut effect on prices, the storm In the
f 'ulf talng considered more of an Influence
n favor of higher prices.
The close was steady at advance* of 7® 15
points, compered wt$i» yesterday’s finals.
On account of wire trouble, net receipts
are omitted,-as It has been Imposlble to
get them complete.
Estimated receipts tomorrow:
New Orleans..
Galveston.. . .
Houston
1906. 1906.
.. 6,500 to 8.600 2.272
.19,000 to 21,000 19,021
..18,800 to 19,800 18.604
SPOT COTTON MARKET.
Liverpool, ,pot cotton .lull and atrndy;
mlddllnc upland. C.tOd; mica 4,000; Ameri
can 1.700; .peculation and export 400; re
ceipt. none.
NEWS AND GOSSIP
Ot the Fleecy Staple.
Peltate Wire to Clbert Sc Clay.
New york. Sept . n.-Urerpool nt 12:30
up. Was due unchanged to
%. up.
live
vorably by
•— prominent nrm large
market, however^ and think market
Liverpool cablet: "Market affected fa-
South keeping above Liverpool
will react on any selling.
Utin predicted all over the cotton belt
today and tomorrow.
Theo H. Price, In hla cotton report,
makes condition 63.9, ns of September 19,
against 67.8 last month, and 62.4 In Bep-
temtar, 1906. Accdrdlng to his estimate,
“W**® 11 . thla percentage, the total crop
will be 12.228.000 bales, aa against esfl-
,h0 flgur ” of July 33
New York, Sept.
Liverpool futures
uged pn near and
t 12:15 p. in.. 383%
up on near and 2®3 up on lav. and
•tcady. Rales 4,000 spots. 4 up. at 5.60d.
Futuroa due to come unchanged to lfcl%
up.
Carpenter, Ilaggott k Co. aay: "We
are bearish aud expect the movement to
far exceed demands at an early date, caus
ing prices to work much lower ns soon n>
the government figures, both glnuers and
average, are out of the way.
The cotton market It very Arm. Not
much for sale. W’lres down lu southwest
curtails trade, but dlaposItKm Is to 'buy,
and with further reports of Imd weather
over the entire ring.
II. W’llson aud Mitchell both big buy*
era
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-five
years* experience of ed
iting markets In Atlanta
and the South haa made
him a recognised au
thority To his specialty.
TIPS FLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME! OF STOCK.
Amalgamated Copper..
Atlantic Coast 14ne. ,.
American Sugar Kef. ..
COTTON FIRMER
ON HEAVY RAINS
New York. bept. 27.—The Sun soya: _
tropical atorm In the gulf of Mexico, caua
ng heavy rains In the Mississippi valley,
lad much to do with the advance. Besides,
there were decreased offerings of the actual
cotton and fears of a bullish government
report on the condition uext Tuesday. The
Mississippi valley hae received n pretty
thorough drenching, especially In the lower
section. Damage was reporte4i in the Mem
phis district by rains, and should the tern-
>eratures fall to anything near to frost line
Allowing such a storm there might be at
east a temporary advance of some magni
tude. Meantime the Houth Is offering cot
ton less freely. It Is ststedi although the
receipts both at the porta and the interior
towns Increased. The speculation, too, re
mains ns narrow ns ever, and Is as much
Ignored by the public ss at any time for n
Tear past. But Liverpool people and spot
nterests were buying Otcober yesterday
heavily, partly to cover aborts for English
account, and a good many others were cov
ering In December and January, fearing un
favorable developments growing out of the
■torm If nothing else, though surmises about
a possible November revision of the differ
ences between the grades are said to have
had some effect. November was also taught
rather freely. Wire bouses were buying on
n pretty liberal scale, and as a rule there
on the short side. Should the nioutl
KOV
Wonted severity It .....
that prices for the *11010 being at
would take a sharp upward course. But It
would seem that a decrease of l per cent
event.—albert &
Augusta, firm st 9%e.
Savapnob, steady st 9%c.
St. I,onls. quiet st 9%c.
charleston, firm st 9W*.
Boston, steady at 9.45c.
Memphis, steady at 9%c.
Baltimore, nominal at 9%c.
Galveston, steady st 9%c.
Norfolk, steady at 9%c.
Wilmington, steady at 8%c.
TODAY’S PORT RECEIPT8.
The following table shows receipts at tha
ports today, compared with * “
Inst' year:
Total (Incomplete)..)
INTERIOR MOVEMENT.
The following tnbie shown receipts at tbs
Interior towns today, compared with the
snae day last year:
New York, Sept. 27.—There were no
news announcements of a kind to cause
uneasiness. Money wan easier, both
time and call, but the market appeared
to have absolutely no support of a kind
to indicate confidence In the situation
by larger Interests. The advance In the
stock market, which began about Au
gust 9, now appears to have had a cul
mination, and It looks aa If a new set
of Influences have taken hold on the
public mind. The policy of Increased
distribution of earnings was reflected
In the Harriman dividends In a rather
extreme way, and the efforts on the
part of larger Interests to secure con
trol of connecting lines In the further
ance of plans made necessary by re
cently enacted law’s, etc., appear as
market Influences to have been ex
hausted for the time being, and to have
been followed by political questions and
fears of very tight money. On this last
subject It Is not at all sure that the
recent decline In the market and liqui
dation now going on Is not largely the
result of the monetary situation, though
money is now ruling much easier. We
are not yet Inclined to suggest support
to the security list except in special di
rections, and prefer a waiting policy
until lower levels have bene reached.—
Marshall, Spader St Co.
LIVERPOOL GRAIN MARKET.
, Wheat opened unchanged: 1:89 p. m., % to
VWfher; eloeed.% to % higher.
r prn opened unchanged; 1:89 p. m., %
Maher; closed % higher.
such
U J. ANDERSON & CO.’S
DAILY COTTON LETTER.
New York, Kept. 27.—Spot sales In Liv
erpool this morning were light at 4,000
bales, 4 points up. Futures opened un
changed to 3% up, and closed 4%'35 up.
Our market responded by opening 2®4 up.
The fear of the tropical storm now * ad
vancing on the cotton belt was the In
fluence which sent shorts to cover, and
also caused some renewed buying for n
turn. The weather map for the past two
day* has been the worst for the season.
Hut the sentiment against the market
hnt l>een so general for so long n time
that the l»ears refuse to turn loose, ex
cept with the avowed Intention of tak
lug advantage of a little higher selling
6 asls. The advance and effect of the
torm Is awaited eagerly. Should the
damage appear Insignificant, the taste will,
no doubt, attack the market vigorously,
sod the present advance will not be sus
tained. Dn the other hand, the hulls nre
laying much stress on the storm, nnd
should It advance over Into Texas, they
will make much rnpltal out of It.
weatherTn COTTON~BELT.
On account of crippled wire service due
to the severe tropical storm. Information
from Mississippi and Texas Is meager.
A terrific storm Is reported raging at
Meridian. Miss., this morning.
Montgomery, Opelika nnd Beltna report
* ‘ winds and hard rains.
... Jacksonville, Fla., the weather la dear
and cool.
Georgia—Macon partly cloudy and cool
rained yesterday. Savannah clear am!
pleasant. Americas cloudy nnd cool. At
lanta cloudy, cool nnd windy.
WEATHER IN WHEAT BELT.
Extreme Northwest—Partly cloudy; 84 to
52 otave.
Northwest—Fair to clear; 38 to 60 above.
West nml Southwest—Generally elenr; 42
to 64 above; frost nt Sioux City; showera
In southern Illinois.
Ohio Valley—Cloudy; 68 to 69 above; gen
eral rains.
WEATHER FORECAST.
Georgia and South Carolina—Rain to*
Ight nnd Friday; brisk to high east winds.
Alabama—Rain tonight and Friday; high
and variable winds, dlmlnlahtng Friday.
Illinois nnd Indiana—Rain tonight nnd
tomorrow: wanner. ^
Wisconsin—Fair tonight nnd wnrmer; Fri
day partly cloudy nnd wnrmer.
Minnesota—Cloudy; warmer. tonight and
anorrow. . , *
Iowa—Fair nnd warmer tonight; tomor
row* cloudy nnd wnrmer; probably rain In
east and south.
Missouri—ItnIn tonight nnd tomorrow.
Kansas. Nebraska. North Dakota and
South Dakota—Fair tonight nnd tomorrow.
melting Kef. ....
•.;;:
. do. preferred •
American Cotton OIL ....
Car Foundry
Baltlmor* ic Ohio
Brooklyn lupid Tran.. . . .
Canadian Pacific
Chic. A Northwestern.. . • •
:::
Central Lwithrr. .......
£jw. Sc Great Weit'D
C'h <•„ Mil. 4b St. t*.
gptt&fS::::::
:::
Illlnola C.ntral
Amer. Ic. Securltl,,.
loul«Tille Sc NaatnrllJe.. . , .
Mexican Central.
Mlaaourl PaclAc.
NAMK OF STOCK.
N. Y„ tint. & Western
National Lend
Northern Pacific
New York Central
Norfolk & Western
Pennsylvania '
People's Gaa
Pressed Steel Car
do. preferred
Pacific Mali.
Reading .
Republic Steel . .
Ilock Island
do. preferred
United States Rubber
do. preferred
Southern Pacific
Southern Railway. ......
do. preferred
81os«-Sheff!eId
Tenn. Coal A Iron.
Texas A Pacific
Union rtclflc
United States Steel
do. preferred
Vs.-Cnr. Chemical.
do. preferred. .......
Western Union
Wabash
do. preferred. .......
Wisconsin Central
do, preferred.
NEW YORK.
The following Is the range lo cotton fu<
turea In New \ork today:
Sept.
Oct. ,
Nov. ,
Dec.
Jan. .
Feb. t .
March. .
Ma;
closed s
9.04
9.16
9.25
9.40
9.60
teady.
31
i
irS-oi
9.0*06
9.12-14
9.23-24
9.30-31
9.37-39
9.46-47
9.66-57
il
0448
8.87- 89
9.08-04
9.14-16
9.23-24
9.90-32
9.88- 89
9.48-49
LIVERPOOL.
The following table gives the opening
range and-close, compared with yesterday's
close:
Futures opened quiet and stead?.
OpenJcg Previous
o . w Range. _ .Close. _ Close.
September 6.20 —
Sept.-Oct. . , ‘
Oct.-Nov. , ,
Nov.-Dec. . .
Dec.-Jan. . .
Jan.-Feb. . .
Feb.-March. .
March-April. ... .11 6.06
a# isk
NEW ORLEANS.
tures In New
ng Is th
Orleans
$F7:
Nov. . .
Dec. . .
Jan
Feb
March. ...19
May. .. . J..,
closed firm.
AlfJA It LI, ^
nr
9.23-24
9.5-27
9.28-29
9.37-38
9.41-43
9.6844
0.68-70
mai
9.11-12
9.14-16
9.17-18
9.26-27
9.32-34
9.40-41
9.6446
NOTES ON GRAIN
Pointers on Provisions.
THE COFFEE MARKET.
New York. Sept. 27.—The* coffee market
opened stead)- at an advance of 1 to 15
points on the announcement of the names
of the person* who nre working with the
Brasilian government for valorisation, and
which Included some of the biggest and
strongest Interests In the trade, nmoi |
them the two biggest Importers of this
country. Of course the plan ns It Is work
ing out Is not really the valorisation origi
nally Intended. The various merchants each
advance a anm to the Brasilian government,
which, in addition to the other, guarantees
nnd provides for the valorisation law.—Gib-
ert A Clay.
Following Is the opening range and close
of tbs New York coffes market for to-
Opening
January
February.. .
March
April
May
June
July
August... ..
September....
October..
. . ,4.89-6.85
. . .6.80
6.90-7.00
.. ..6.96-7.05
.. .. 7.06-7. M
7.10
7.15-7.26
.. ..7.20-7.25
I.6.40
November S’&aS
December
Closed stendy.
Close.
6.804.85
6.904.96
6.96-7.00
7.00-7.06
7.10-7.15
J. 15-7.20
7.25-7.30
6654.60
6.55440
6.66 yd
..6.704.80 6.764.80
GIBERT & CLAY
r. HVrtSi. SSa?2:
COFFEE. PROVISION*
ATLANTA. OA
rrlvnte Wire to Wars St Leland.
Chicago. 8ept. 27.—So long aa cablet show
present strength, do not see how our market
can sell off much. At the same time some
bulls have good lines bought nt the present
level, and should they tire out * good set
back would develop.
Wheat opened firm with local! buying.
Some good selling of May corn through
brokers this morning.
Oats opened firm with Wells and Bartlett,
Frazier A Carrington fair buyers of Decem
ber. Selling scattered.
Only moderate trade In provisions, with
market weak. Commission bouses selling
lard nnd ribs. January product easy. Buy
ing scattered nnd by pit traders covering
shorts. Packers not In the market.
Chicago Inter-Ocean: Cash business In
hlcago yesterday was 20,000 bushels. Sales
f corn were 260,000 bushels nnd oats 80,000
bushels.
Kansas City sold 150,000 bushels of wheat
to Minneapolis. - .....
Duluth exporters sold n big lot of Mani
toba wheat abroad and had bids within
' ic of the market for Dulnth No. 1 northern.
Export sulea of wheat In all positions were
20.000 bushels. Sales of corn were 66,000
mshels and oats sales at tho seaboard iqO f -
000 bushels. , * . . ,
Charters hare been made for 75,000 husbela
of corn the past two days at l%c. Most of
this capacity will take contract corn. Can
is of No. 2 and No. 2 yellow corn In
> dnys hare been 287,(8)0 bushels, or
about ns much aa had been delivered.
-September deliveries yesterdnv were 6,000
bushels wheat, 120.000 bushels of corn, 20,000
bushels oats, 760 barrels pork, 1,260 tierces
lard and 450,000 pounds snort ribs.
Advices from Minnesota say that the
quantity nnd quality of wheat baa been de
teriorated very materially alnce the eatl
mates made when the crop was first out.
Ralu haa Injured the crops, any reports cov
ering Kansas, Nebraska, South Dakota and
Minnesota, aud In now playing havoc fur
ther north. Grains of all kinds are growlna
In ahoeka nnd atack, nnd advices nre that
It la Impossible to tell what the outcome
will be until after threshlug Is finished.
Threshing reports on wheat taken aa they
run from eighty-four country corres|»ondents
In North Dakota nnd Mlnuesota, show only
20 per cent below 10 bushels per acre.
WHEAT HIGHER
ATJHE OPENING
Firm Cables and Smaller
Receipts in the North
west Were Factors.
PRIMARY MOVEMENT.
The following (Inure, give the primary
movement of wheel nml corn:
, *°**y 1,060.000 liushel,. v«.
i'/F&S? 0 . bushel. lint rear. Shipment. tnduy
645,000 hustle],, v., 7a5,000 huahele Inst yenr.
eorn-Reertpt. today *77.000 huahel., v«.
J.'I-OOO liuahela Inat year. Shipments today
-<0,000 buahela, va. 156,000 huahela last year.
NORTHWEST CARS.
The following hgnrea giro the northwext
■ It.t week and la.t year:
1-rlvate Wire to Olbert Sc Clay.
Chicago, Sept. 77,-Wheat la a purchase
on all recaalona.
We continue to feel flrendly to long aide
corn and oata on .oft spota.
l-rorlilnna weak ami lower on wenkneaa
In the hog market, and some Influential Hell
ing of January lard nml riba. See no .up-
port aa yet from the tonga.
e.lChtrago Beard of Trade.
members
5«h.nge.|gcw Orleana Cotton Sj^SKnOV^fMofCottoo i-ocutlon
k 5a ass Ikisss:: sss ks stkru-So ~ =■•>■■■.
M ... u„ a CAO.e.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Beil Phone, Main 858.
ATLANTA. GEORGIA
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
Produce Kxchnnxe.
Lemon,. *7.7»US.OO.
I.lmea, 60«75e.
Pineapple., 11.5061 W- . „
Manana., .might., par bunch, ll.M01.7S.
Culls, per hunch. fl.OOcl.2e.
CALIFORNIA t ftlHT—Fancy .lock:
Kioerta peache., per box, fl.60.
Mountain Bartlett pearl, per box, SIR.
Oroai plume, per crate, K- _
Columbian prune, per crate, n. „
Iloee Peru grape., per crate, K M.
Blue Malrolae gmne., per crate, 12.(0.
S:SrL n T U .'.’v rNT»*‘cou.vniYrnoDucE 7
Lira hen., «<iS7Hc; fnia, 22H«25c: hrull-
'"Jve^mct'.'. Pekin. S5c: paddle. *C«V4e.
Dressed hens, per pound, 12018c.
Kggs, per dozen, 28c. ♦
Butter, table, per pound, 20©22%c; cook-
"flnSr.,^ 4lftund: in one-pound
rack., 104112c. ...
VKOBTABI.KK—IrUb potatoea. No. I
atock. |<er bnahel, ll.tr ,
Cahbaga (Virginia. »tc pound; Danlah
'Ylma lieona per pound, «c; Nary, K.M par
'"nnloiia, per huehel, I1.S5; cabbage, 154c lb.
Vow aweet potato..,, 60c huaheC
Kraut, 54-liarrcl, K.Tf
FLOUR, GRAIN. PROVISIONS.
Kl^JPIt-Peatel’a patent. 10.00: Diamond
patent, K.S; Maicoutah Star, (f-WLldbry
parent. (4.60; Bed Kagle. (4.15; Blue Bfbbpn.
M.!«; fancy, I3.K: tprmg wheat patent, R.M
°COBN—Choice re<l rob, 72c: No. 2 white,
70c: No. 2 yellow. 69c: mixed. «e.
OATS—Oholcc white cllptietl, 4*c; choice
white, (7c; choice mixed, 45c; Texae ru.t-
l>r MKAI^PInln water-gremd. per bnxhet
67c; liolted. Itl-ponnd Jmea per hu.hcl, 6Jc;
slinrta, white, il.50: me.llum.tt.40; brown,
fl.SOipure bran, tt.10: mlxetl bran. 1106.
HAY—Timothy, choice large belt-,, IMS;
do., choice .mall bale* $110: do.. No. 1
Hmothy bale., $1.06; No. 2, tt.OO: do.. No. 1.
rlm-vr mixed U.00; do.. No. 2 ctoaar mini,
ft. 00.
CI.OVBR—Choice Bermuda. 75c.
ltYF-tleorgla, 11.10; Tenncuee, 90c. Bar-
lev, P6e.
The abere price, nre f. o. b. Atlanta, end
,ubject to Imtm^gM^u-cgrtoneE
SUOAB-Standard granutnted.15.10. New
Vcrk rertned, 44(c; plantatlona, 6c. Market
1 MICE—Carolina- 4H«7Hc. according to
grade. New '-r«p will arrive In two week*.
CIIKRRE—Fnncy full cream dairy, 15c:
twin a. I4*ic. Market strong.
PHOVISIONS—Supreme home, 15c. I tor.
hama. I.7'4C. Cnllfcrnla hnnu. M.tO; It<^
Crr*a hams. 15c. Krr Mlt exirn rlln, p.15;
tiellle,. 2M Iba.. I10.M: fat back., ac; plalea
t, - Supreme lard. flO.lt'k; Knl C'roia, 10c.
Snow Drift compound. IV:; KtsI CroM. ,'jtc.
Chlcngo, III, Sept. 27.—Argentine
continues a email ehlpper of grain whet)
compared with the shipments of last
year. This week they are estimated
at 400,000 bushels of wheat and 1,500,-
000 bushels of corn. The markets here
all closed rather quiet, with wheat 1-2
05 -8c higher. Corn was l-8®3-8c low.
Oata were l-8@l-4c lower.. Pro-
vlalona were 2 1-207 l-2c off.
Caah aales were 11 loads wheat, 6 of
corn and 80,000 buahela oata.
At the seaboard they were 44,000
bushels wheat, 120,000 bushels corn and
153,000 bushels oats.
Duluth and Kansas City reported 50.-
000 bushels cash wheat taken.
Sentiment on wheat was bullish at
ths close, and the outlook Is for fur
ther advance In prices.
CHICAGO GRAIN MARKET.
Chicago grnlb and provision quotations
for today follow:
Open. nigh,
r—
721k 73<4
St
£1 I I I I
Dec.... 75
May.... 79%
CORN—
Kept.... 48
Dec < 43%
May 43%
OATS—
Sept.
Dec...
May..
FORK—
Snpt... 16.66 16.6)
Jn > n.. : 13.22% 13.25
. 187% 8.87%
Oct... 8.86 8.86
Jan.... 7.77% 7.80
BIDES—
Sept
Oct... 8.30 8.35
*aa.W»AW l ‘
No. 2 red 74V
2 bard winter '
a* m
7874 79%
1 B
18.6214
18.1714
8.gi4
8.99
7.76
8.86 8.99
m m
8.85 9.00
f:8
Mlnneapollg
La.t Lait
Today. Week. Year.
CHICAGO CAR LOT8.
Today. Tomor.
229
20000
260
12000
LIVE STOCK MARKET.
Chlcngo kept. n.-lloga-Katlmated re
ceipt. today 21.000. Market week to 5c
f “ lr i ,<,ft over 8-436; bulk
$6.*0416.60; eatlinateil for tomorrow 17.000;
light hints 86.2566.6744: mixed 16.6066.70;
heavy 15/8066.70; rough f5.suW6.5o; pigs
fi.8066.60; yorkers $6,604(6.66; good to cho re
fc.41
HJt
irv-f* «,i..8M(ti.Ai. |nn»r io me-
atockera and feed era $2.40ft
5.60; western 2
5.50; weatern 1
lamlia 84.25T47.6
Private Wire to Ware & Lel«n«l.
New York. Sept: 27.-London firm %©1%
up. the latter on Canadian Pacific.
It la feared that money flurries may he
witnessed toward the week's end, and
In Tlew of extraordinary October disburse
ments and rather of a bearish feature la
the light demand for stocks lu the loan
crowd.
Expect an Irregular market, but there
Is very bullish talk ou Southern TaclUc
sad further declines In Coppers will tend
to stimulate buying of the shares due to
the great strength of copper metal.
Think It best to confine operations with
in a trading radius.
Humored from excellent authority that
supreme court haa sustained 10c fare to
Coney Island. 7
Louisville nnd Nashville is breaking bad
ly ou talk of floor news from the South
hurting cotton crop.
Dow-Jones' summary:,
Americans lu London firmer %$%c above
parity.
°f England rate unchanged.
’ 3* nominated for governor of
New York by Democrats.
STOCKS AFFECTED
BY STORM NEWS
New Orleans Was Reported
Under Twelve Feet of
Water.
CARRIED PRICES DOWN
Rumor Later Denied and
Confidence Was Quick-
, ly Restored.
fiscal year.
earnlngswwer la equn
ipltnr stock.
Large loss of cur re
33 per cent on Its
^ currency to. the South Is
expected In the near future, with nu ac-
Jlrts^tnovement of cotton for export In Oc-
Light demand for stocks In loan crowd.
New Haven surplns overcharges equal lo
12.21 per cent on capital stock.
Two roads for third week of September
show average gross Increase of 14.15 per
cent.
Further gold engagements expected, now
that Immediate fear of advance In bank
rate Is removed.
Twelve Industrials advanced .14 per cent.
Twenty actlro railroads declined
cent.
02 per
to sell.
I/ook for
ket, ? wft
New
foreign critics call 'the extraordinary moth^
xls used by American tankers lu occur-
ng gold,’ but today's market suggests a
wtter feeling over there, and we are In-
dined to look for support from that dl-
rectlon., or, In any event, less disposition
for Improvement In the stock mnr-
Ith strength In specialties.
York FJfiancinl Bureau: If, aa a
majority of Wall atreet seemed to think
yesterday, the atock market acted cantank
erously on ncommt of the political altnntlon,
It should have a radical recovery today,
because Henrst. on a platform not bis own
and which repudiates bis most vital prin
ciples of socialism and municipal owner
ship, will nerer be elected, aa he wilt find
almost half of 4he sane Democracy against
him nml In favor of Hughes, who, nslde
from these factors. Is an exceptionally
strong cnndldntA A reasonable rally is due
to bo followed temporarily by an irnrgulnr
trading market. We again strongly advo
cate purchases of standard stocks conserv
atively ou these reactions for turns, at
least, for the large Interests hnre reninnl-
Tested their opposition!! to a bear market
and demonstrated their control of prices.
Until uncertainties hnre t»een removed, a
broad bull market Is not likely, but nn
active profitable one, with the Jong side
logically Is the deduction wo make. Other
developments overnight do not appeal to
us as vital factors, outside of the report
that the Bank of England rate Is un-
bio. Tho fundn-
If Improves. Wo
•re In tho midst of great and Increasing
prosperity. It Is unnecessary to go Into
detail regarding It. The political situation
seems to us to hnvo been relegated to the
rear as a real factor this fnll.
SOUTHERN EXCHANGE
Oldext Extubllxhed Office South.
conos STOCKS MUDS GRAIN
Ground Floor Oould Building. Dally
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLDG
Kiw V$rt Ntw Orient. CkUtge.
cottojmjImu?, Provisions,Hto£ks^bonds,
■fa, (
erpool Colin Atioeltlloo. ' New York Colloo Cubango.
Private Wlret to Hew York, New Orletat, Chicago. 5. C. COTHRAN, Manager
’tone 1267. Slander J Ft i
3J % Compound Interest
fa the rate your money will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL RANK ANO TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and inspect our quarters and investigate
our facilities to serve you. A hearty welcome awaits you at this
bank.
A8A G. CANDLER, President.
W. H. PATTERSON, Vlce-Prex. A. P. COLES, Cashier.
JOHN 8. OWENS, Vlce-Pree. WM. D. OWEN8, Asst. Caihler.
STOCKS REVIEWED
BY NEW YORK SUN
New York, Bcpt. 27.—The Bun snya: As
was the case Tuesday, Inflnences of a polltl
cal nature yesterday were those having
greatest weight In the stock market ft has
«ll along been reckoned ns certain by tho
financial community that nt the election In
this state this fall tendencies of sn avowed
socialism will make themselves prominent,
but previous to present week It Is by no
means taen thought probqblq that a cnndl
date representing a political propaganda of
the klud described would be able to aelte
the nomination of one of the two leading
political parties. This even had not Indeed
up to the dose of the aecurlty market today
taen n matter of actual occurrence, but
that It would happen wan regarded aa a
vlrtnal certainty, us was also the conclusion
that It introduced for the time being at
leaat n new factor of unsetlement Into Wall
street nffalra. Tbe market was nervous and
feverish. No doubt this was due more than
nnythlng else to the quick selling-out and
New York, Sept. 27.—Prices moved
about feverlahly In the morning's mar
ket, with no aettled trend In either di
rection. The one fact that was evi
dent In the very confused movement
was that manipulation was present to
an unusual degree on both sides of the
market. A powerful party was at work
endeavoring to drive stocks down; on
the other hand, strong support was
extended at all times. These two con
flicting forces were about evenly bal
anced during the early hours of busi
ness. The market opened at about last
night's level, rose sharply for a time
and then broke rapidly on a rumor that
the city of New Orleans had been prac
tically destroyed by a tidal wave. This
story was promptly denied, and Louis
ville, Atlantic Coast Line, Illinois Cen
tral and other of the Southern stocks,
which had fallen violently on the first
report, recovered with equal sudden
ness. Canadian Pacific on buying or
ders, partly, emanating from London,
made a new high record, and the spe
cials were better maintained than
usual. Recent favorites, as the- Copper,
the Pacifies, Baltimore and Ohio and
St. Paul, were rather notably heavy
during the morning.
New York, Sept. 27.—The stock market
opened generally higher. First prices
showed gains of 2 In Anaconda, % In
Brooklyn napid Transit and Amalgamated,
% In Ht. Paul, Canadian Pacific, Consoli
dated Gaa and Atchison, and % In Penn
sylvania. Baltimore ~ ~ —
chanced. Reading on
ceded %. Amalgamatt _
The stock market allowed decided
strength after the opening, with Read
ing, Brooklyn Rapid Transit, Canadian
Pacific and Rubber the most prominent
features on a sharp upward movement.
Where stocks had Just about Joined In
the rise when wild reports were circu
lated on the floor of the exchange that
New Orleans was under 12 feet nt
water, telling orders poured into tho
market In large* colume, carry In g prices
down with a rush from 2 to 3 points.
A telegram from New Orleans, stating
that business was going on as usual In
that city, quickly restored confidence,
and the upward movement was re
sumed.
Government bonds unchadged. Rail
road and other bonda lower.
LONDON 8T0CK MARKET.
cats were rfolng other thsnleave ths market
severely alone, on the other hand, It wna
evident that the market was still nndrr per
tlon. „
monly shown than
business, hut tbe rourse of the market,
taking tbe day os s whole, could only be
characterised as Irregular and uncertain.
The firmness of certain stocks-notably
Southern Pacific—was a conspicuous fea
ture of the day's business.—Olbert k Clay.
Atchison.. .. .
Canadian Pacific. . . . . .
Chic., Mil. and St. Paul..
Krie.. ..
Illlnola Central
Louisville and Nashville.
Reading .. ,,
Pennsylvania *. ..
Houthem Pacific .. . ...
Union Pacific
United Btntes Steel. . ..
do. preferred
September.
October. . . .
November. . •
December. . . .
January. . . .
March
foscll steady.
COTTON SEED OIL.
(^gening. Closing.
' 34*'$35
I
PRICE CURRENT CROP REPORT.
Clnclnnntl, B»nt. 27.-Th- I’rlre Current
««,•: Coro nit trout frost In art urinal
corn rt.tr,. Larfrr crop than l.irt vmr
of jrood quality probabla. Early ruttlus for
fiuM.r Imllratnl. Incrra.ctl oUrrlnx. of
xruln prolnlile wh.n fall work I. ooui-
plrlrtl. t'aaturc. not uulformly xno*l. nml
min. nmlcl la aomr .notion, to put irrouml
In condition for aowlnx. Packing 115,uoo,
•tnlut 145,000 n yenr ago.
THE 8UGAR MARKET.
-Vew York, Rrpt. W.—Local rrflmxl and
raw .ugar market, ntmdy nnd uucunxad.
London beet mnrkrt .trndy; teptembor 9.
19144: Octotwr 9n t>4d. 1
THOMAS J. PEEPLE8, Ca.bl.r.
JAMES G. LESTER, Assistant Ca.bl.r.
1HADD0X-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.
HUBBARD BROS & CO.
COTTON
■•4 MERCHANTS
Atlanta Office*, 219-221 Century Building, ■
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aaao-
elation, Chicago Board of Trade, New York Cof-I
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence invited.
I'll.in.-, 4s4, l.ouu l)lMjfice39. A.S. Hustace. Mgr.
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
r
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER. President.
H: T. INMAN, Vlco-Prealdent.
JAMES 8. FLOYD, Aaa’t Caihler.
A. E. THORNTON, Vice-President
GEO. R. DONOVAN, CashlVr.
Aia 1 !
V.
Capital $500,004.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.