Newspaper Page Text
THE ATLANTA GEORGIAN.
11
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. 17.—The undertone
of the cotton market was steady. For.
et*n houses were good buyers of Octo
ber, and this, together with the higher
cables from the market at Liverpool,
caused 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 ninrket was called steady
at the opening this morning, with prices
showing ndrnnces nil along the line, re
flecting better Liverpool advices than ex-
peeted.
Immediately after the opening, a Arm
tone developed, ns a result of fears of
serious damage by tho tropical storm, cen
tral on tho Louisiana coast this morning.
It Is accompanied by heavy rains and high
'aba
sharp advances during the morning (hu£
Ing. The October option was the strong,
tat, and advanced above 6c.
Following ore the active months In Liver
pool today:
October-Novemher. . . .5.00Vi ftAvi 5.00J4
January-Fehraary 6.02 1,07 (.01
Marrh-April.. .. . (.06 6.11 (.06
11 nr.tune 6.00 6.14* 6.00
Theo. 1‘riee Issued an estimate of tho
erop today, He placet the yield at U,-
250,000. It was considered twarlsh, and a
lew of the Itoor brokers sold, hut with
out effect on nrlcet, the storm In the
gulf lining considered more of an Influence
To favor of higher prices.
The close was steady at advances of 7916
points, compared wtjn yesterday's Duals.
On account of wire trouble, .net receipts
are omitted, aa It baa been Impoalble to
get them complete.
Estimated receipts tomorrows
•: :v:iJ$o IS 2!$ ii$
Houston..■ ,. ttlXQO to 10.6QU U.644
8PtfT COTTON MARKET.
Liverpool, spot cotton dull and steady;
middling nplanda 5.40d; sale* 4.000; Ameri
can 3,700; speculation nud export 466; re-
eelpta none.
Atlanta, ttsady at »J-1V.
New York, qolot at O.tse.
New Orleans, Arm at 0*c.
Annual*. firm at 244e.
Nntnnnab, ttnt'lr *! *'K.
St. Louts, Quiet at Hie.
t'hnrleston,.flrm St 6'
Itoston. steady at S.<
(lalveston. steady at
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Gibert ft Clay.
York, Sept. 27.—Liverpool at 12:30
trns 2%04 op. Una due unchanged to
% up.
Liverpool cablet: “Market affected fa*
vorably by South keeping above Liverpool
pant/. Prominent firm large buyers;
anuUI market, however, aud think market
will react on any felling.”
JlaJn predicted all orer the cotton belt
today ami tomorrow*.
Theo ii. Price. In hti cotton report,
makes condition 63.9. aa of September 19,
agitlnat 67.8 laat month, and 62.4 In feep*
tcmlHT, 1905. According to hla catlmate,
baaed on thla nercentuge, the total crop
will be 12,228.000 bale*, ns ngalnat eatf*
mated production on the llgurea of July 23
of 11.282,000 bale*.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-flve
years* experience of ed
iting markets In Atlanta
and the South has made
him a recognlied » au
thority In hla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
m'EiB mre iu „
New York, Sept 27.—Liverpool futures
opened oulet and unchanged on near and
1 point (fawn on tat*. At 12:15 p. m., 303%
up on nfenr and 203 up on InV, and
steady. Sales 4,000 spots, 4 up. at 5.60(1.
Futures due to come unchanged to 101%
Carpenter, Baggett ft to. say: "We
are bearlah and expect the movement to
far exceed demands at an early date, caus
ing prices to work much lower as soon ns
‘*ie government figures, Iwth glnners and
verage, art out of the way.
The cotton market Is v
much for sale. Wires dow
curtails trade, but disposition Is to buy,
—w more friends.
Cotton steady on good geaeral buying
rer the entire ring.
11. Wilson and Mitchell both big buy*
ers.
COTTON FIRMER
. ON HEAVY RAINS
New York, bept. 27.—The Bnn says: A
tropical storm In the gulf of Mexico, caus
ing heavy rains In the Mississippi valley,
had much to do with themdvance. Besides,
there were decreased offerings of the actual
cotton and fears of a bullish government
report on the condition next ^Tuesday. The
Sffssfssfppf valley has receded a pretty
thorough drenching, especially In the lower
section. Damage was reported In the Mem<
phis district by mins, and should the tern
peraturea fall to anything near to frost line
following sueh a storm there might be at
least a temporary advance of some magnl
tode. Meantime the South Is offering *-•
ton less freely, It Is stated, although
■pts both at the porta and tbs Inti
Increased. The speculation, too, re
mains aa narrow aa eter, and la as much
Ignored by tbe public as st any time for ~
r tbs
bout
_ in of the differ
ences between the grades are said to have
had some effect. November was also bought
rather freely. Wire honses were buying
a pretty liberal scale, and as a rule ttu..
waa less disposition to take the aggressive
ort side. Should the monthly t
num, U i report, which Is to be issued n«,
Tuesday, ahow deterioration In the condl<
tlon of the plant during September of un
wonted severity It might easily happen
that prices for the time being at mat
NAME OF STOCK,
Amalgamated Copper..
Atlantic Coast
American Sugar Uef. .. ,
Auacouda.
American Locomotive, a
. do, preferred. . . .
Amor. Smelting Uef. .
, do, preferred. . , .
Atchison. ...... t •
, do. preferred. . , .
American Cotton OIL .
Anaer. Car Foundry. ,.
Baltimore ft Ohio. . ..
Brooklyn Rapid Tran..
Northwestern,,
y.nrnpeike ft Ohio. . .
Colorado Fuel ft iron..
Central Leather
do, preferred. . . .
Chic, ft Great Wesfn. ,
CWc.. Mil. ft St. P. . .
|Kaa ; ;
a&rjtea^v::
Illinois Central
Amer. Ice Securities. ..
Louisville ft Nashville.
Total stock sales today 1.423,900 shares.
NAME OF STOCK.
N. V.. Ont. ft Western*
National Lead
Northern Pacific. . .
New York Central. .
Norfolk ft Western. ,
Pennsylvania
People's Qas
Pressed Steel Car. .
_ do. preferred. . •
Pacific Mall. . • • . ,
Reading.
Republic Steel !
Itock Island
do. preferred. . •
United States Rubber
•do. preferred. . .
Southern Pacific. . . .
Southern Hallway. .
do. preferred. . .
Sloss-Sheffleld. ....
Tenn. Coal ft Iron. . .
Texas ft Pacific. ....
Union Pacific. .....
United States Steal. .
do. preferred. . • .
Va.-Car. Chemical. • .
do. preferred. . . .
Western Union. ....
Wabash.
do. preferred. . • .
Wisconsin Central. . .
do. preferred. . ♦ ,
TIPS FLASHED
From Wall Street
NEW YORK.
neb an erent.—Olbert A
T h & b
TODAY** PORT RECEIPT*.
The following table •bows reeslpte at tbs
New Orleans.
Galveston. .
Mobile. . . .
Savannah. . .
charleston. .
Wilmington. .
Norfolk. ...
New York. .
Boston. . . .
Total (Incomplete)..!
The
Interlot
same
INTERIOR MOVEMENT.
following tabt* shows receipts at the
nr towns today, compared with tha
day hist year:
Houston. ,
Augusta. .
Memphis. .
8t. IsOUlS.
Cincinnati.
Total.
1
GIBERT A CLAY’S _
daily stock letter,
New York, Sept. 27.—There were no
new* announcements of a kind to cause
uneasiness. Monay was easier, both
time and call, but the market appeared
to havn absolutely no support of a kind
to Indicate confidence In the situation
by larger Interests. The advance in the
itock market, which began about Au
gust ., now appears to have had a cul
mination, And It looks as If a new set
of Influences have taken hold on the
public mtnd. The policy of Increased
distribution of earning* waa reflected
In the Harriman dividend* In a rather
extreme way, and the effort* on the
part of larger Interests to secure con
trol of connecting lines In the further
ance of plans made neceaaary by re
cently enacted laws, etc., appear aa
market influences to have been ex
hausted for the time being, and to have
haan followed by political questions and
frars of very tight money. On this last
subject It la not at all sure that the
recent decline In the market and liqui
dation now going on Is not largely tho
result of the monetary situation, though
money Is now xultng much easier. We
are not yet Inclined td suggest support
to the security Hat except in special di
rections, and prefer a waiting policy
until lower level* have bene reached.—
Marshall. Spader A Co.
LIVERPOOL GRAIN MARKET.
, i'h.nt opened unchan
H hlxhar; dosed H to '
Par* opened uoehanged; 1:30 p.
h'Sher; closed * higher.
L. J. ANDERSON A CO.'S
DAILY COTTON LETTER.
r York, Sept, 27.—Spot wiles In Ur-
r ._„l this morning were light nt 4.00C
hales, 4 points up. Futnre* opened un
changed to 3H up, and closed 4V60C
Onr market responded by opening 284
The fear of th* tropical storm now
vanning on tho eotton halt was the In
fluence which, mat abort* to corer. Sad
also canoed some renewed buying for a
turn. Tho weather map for tha past two
days has been the worst for th* season.
Hut tho sentiment against the market
has been so general for so long a tlm*
that th* bears refuse to torn loos*.
advantage of a little higher jelling
j, Th* adrane# and effect of the
S torm fa awaited eagerly. Should the
araags appear InalgnlOcant, the bear* will.
if.*.
Jgnl—- ,
no doubt, attack Ibe market vigorously,
and the present advance will not he sus
tained. On th* other hand, the hnlla ai
laying ranch stress on the storm, an
should It advance over Into Texas, the
will make much capital opt of It.
WEATHER In’cOTTOn”BELT.
On account of crippled wire service dna
to tho rev*re tropical sf
from Mississippi and Ti
A tarvlflc storm I* —— —
Meridian, Miss., thla morning.
Very high winds are reported at Mobile,
Ala..^ reaching a velocity of 40 and 10 mils,
Montgomery. Opelika and Selma report
high winds and hard rains.
At Jacksonville, Fla., the weather Is claar
and cool. .....
Oeorgla—Macon partly cloudy and cool
rained yesterday. Savannah claar ant
pleasant. Americna cloudy and cool. At
fanta cloudy, cool and wmdy.
WEATHER IN WHEAT BELT.
Extreme Northwbat-Partly cloudy; 34 to
52 atxive.
Northwest—Fair to clear; 28 to 60 above.
West and Sonthweat-Oenerally clear; 42
to *4 above; frost at Sioux City; showers
In southern Illinois. _ .
Ohio Valley-Cloudy; 63 to (6 above; gen-
*"* "'weather forecast.
Georgia and Mouth Carolina—Hein to.
If tit and Friday; brlik to fcjncMt wind*.
Alabama—Rain tonight and Friday: high
and variable wind*, dlmln shin* .Friday.
Illinois and Indiana—Rain tonight and
tomorrow: warmer.
Wlsoons!n-Falr tonight and warmtr; Fri
ar partly cloudy and warmer.
Minnesota—Cloudy; warmer tonight and
^wa^-Falr and warmir tonight; tomor-
.ow clondy and wanner; probably rain In
^Mlssourt^Raln tonight and twnorrow.
Kansas. Nebraska, North pakot# and
South Dakota—Fair tonight and tomorrow.
THE COFFEE MARKET.
York. Sept. 27.-Tbe coffra market
opened steady at an advance of I to U
points on the announcement of the names
of the persons who sro working with the
Brasilian government for valorisation, and
which Included some of the biggest and
strongest Interests In the trade, amoil
them the two blggeat Importers of tills
country. Of course tbe plan as It Is work
ing out Is not really the valorization origi
nally Intended. The various merchants each
advance a sum to the Brasilian government,
which. In addition to the other, guarantees
aWl provides for the valorisation law.—Gib-
following Is the opening range sad closfc
- market
of the New York coff
day:
January
February
March
April
May.. .. -• ••
June
July ■
August...
September-^.....
October
November
December...... ••
Closet! steady.
Opening
Range.
. .6.80-6.65
. .6.80
6.90 7.00
. . .6.96-7.06 *
. ..7.06-7.10
,...7.10
7.15-7.25
..7.20-7.25
for to
Close.
6.80- 6.85
6.80- 6.96
C. 95-7.00
7.00.7.05
7.10-7.15
7.16-7.20
7.29-7.26
7.25-7.30
6.65-6.60
ft6S4;.60
iw'so
(urea fn New York today;
Nov. a . ,
Dec. a • a
Jan. . a a
Feb. . . -
March. .
Closed i
1
iwm
9.02-03
9.12-14
9.23-24
9.30-11
9.37-39
9.46-47
9.66-57
a
'am
8.87-88
9.03 fi I
9.14-15
9.2S-24
9.30 32
9.38-39
9.48-49
LIVERPOOL.
The following fabJe wire* the opening
range and close, compared with yefterday'e
close:
Futures opened quiet and stead?.
Opening Previous
„ A Range. Close. Cloae.
September. • ,
Sept.-Oct. . .
Oct.-Nov. . .
Nov.-Dee. . .
pec.-Jan. . .
Jan.-Feb. . .
Feb.-March. .
March-April. .
Aprll-May... .
May-June... . . _
Closed very steady.
NEW ORLEANS.
turcs In New
ng la th
Orleans
fe"::::
Nov
Dec
Jan
Feb
March, . ■ ,
closed firm,
today;
S 51 f M
IU
9.23-24
9.26-27
9.28-29
9.37-18
9.41-43
9.M.70
T3T
liilj
?:&?
9.8244
NOTES ON GRAIN
Folnteri on Provtslon*.
Private Wire to Ware A Laland.
Chlcaxo, Sept. 27.—So lone na cables show
present strentth, do not see how our market
can sell off much. At the same time some
hull* have flood lines bought at tho present
level, and should they tire out a good set-
back would develop:
Wheat opened Arm with locals buying.
Some flood selling of May corn fhrough
brokers this morning.
Oats opened Arm with Wells and Bartlett,
Frasier at Carrington fair buyer* of Decem
ber. Selling scattered.
Only moderate trade In provisions, with
market weak. Commlsilon houses selling
lard and ribs. January product eosy. Buy-
tng scattered and by pit trader* coveriug
aborts. Parkers not In tbo market.
Chicago Inter-Ocean: Cash business In
Chicago yesterday was 20,000 bnabela. Salea
at corn ware 260,000 bushels and oat* 30,000
m Ctty sold 160,000 bnahels of wheat
to Minneapolis.
120,000 bnahels. Sales of corn were 64,000
bushels and oats sales nt the seaboard 100,-
000 bushel*.
Charters hero bean roads for 76.001 bushels
of corn the past two days at lttc. Most of
WHEAT HIGHER
ATJHE OPENING
Filin Cables and Smaller
Receipts in the North
west Were Factors.
Slf
about ns
. . No. 2 and No. j yellow corn In
day* have been 387,000
orach - ‘
i boil been dellrei
^r 1 *'
lard nnd
"UlldK
wheat. 120.00) bushels of corn. 20.000
bushels onts. j50 barrels g°rk, L250 tierce*
aay that tho
been de-
, _ call
mates, made. when, the crop was first out.
Advices from Minnesota soy that
quantity nnd quality of wheat has bee
tevtoratafl very materially since th*
mates made when th* crop was first
until haa Injured tha crop*, say report* cov
ering Kansas. Nebraska, koutn Dakota and
Minnesota, and Is now playing havoc fur-
north. Orains of all kind, are gn
locks and atack, and advice, are
Impoulhla to tell what tha out
lie nntll after threshing Is finlahed
. ..'eshlng reports om wheat taken aa
run from eighty-four country correspon
In North Dakota and Jllnnesota, show
20 per cent below 10 bnahels par acre.
Prlrate Wire to Olbart A CTay.
Chicago, dept. 27.—Wheat Is a purchase
on all recession*. , .
W* continue to fe«l flrendly to long aid*
irn and oats on aoft spots.
Provisions weak and lower on weakness
n the bog market, and some Influential acti
ng of January lard and riba. Bee no sup
port aa yet from th* longs
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Frail and
Produce Exchange.
Lemons, 77.,51:1.00. m
Lima*. TOQTIc. r
Ban*i5«,*1itralgSsDvr bunch. ILfOOl.76.
C CAl1foBn1a ' r «UIT-Fanor stock:
Eioart* peaches, per box, |f.60.
Mountain Bartlett pears, per box, ns.
Bros* plums per crate, 13.
Columbian prunes par crata, 62.
Chicago, I|l„ Sept.. 17.—Argentine
continue* a small shipper of grain when
compared with the shipments of last
year. This week they are estimated
at 400,000 bushels of wheat and 1,600,
000 bushels of corn. The markets here
nil closed rather-quiet, .with wheat 1-3
@6-8c higher. Corn wok l-SOI-Sc low.
er. Oats were l-86>l-4c lower.' Pro
vision! werq 2 14^0,71,-Fc oft
Cash sales were 11 loads wheat, 6 of
corn and 30,000 bushefe oate.
At the seaboard they were 44,000
bushels wheat, 130,000 bushels corn and
163,000 bushels oats.
Duluth and Kansas City reported (0.-
000 bushele cash wheat taken.
Sentiment on wheat was bullish at'
tha close, and the outlook Is (or fur
ther advance In prices.
CHICAGO GRAIN MARKET.
Chicago ersin and. provision quotations
for today follow:
WHEAT*""-
May.... nti
COHN—
8ept....
fc. .
OATS—
High.
7?* S*
7»7i 7176
32*
75
78%
gj
8 8 8 8
Hrpt... 16.65 16.69 16.62% 16.60 16.60
Jan... 13.22% 18.25 13.17% 13.22% 18.30
LARD—
Sept.. 1.87% 8.87% 8.87% 8.46 8.90
abjS Vi ?l m m
, PRIMARY MOVEMENT.
The foUowIns figures give th* primary
movement of wnent nml corn: *
g •'i h ,£ t w nN L c, P tB today 1,060.000 buRbelf, vz.
l.U^OOO buahefu Inst yenr. Shipment a today
<*>-000 bushela, va. 755,000 Ituabela Inat year.
*4 today 877.000 buabela, va.
Si’SS ,aBt 7**h fftalpmenta today
270,000 puabela, va. 156,000 buabela laat year.
NORTHWEST CARS.
Wheat..
Corn.. ,
Onta.. .
Ilofa.. .
CHICAGO CAR LOTS.
Today. Tomor.
20000
1200)
live stock market.
Chicago. 8*pt. 27.—Hogs—Estimated re
ceipts today 30.000. Market weak to 6c
bra^re quality fair: left ovar 6.43S; bulk
16.8006 60; eat (mated for tomorrow 17,000;
Ifht how W.2506.87%; mixed 16.5004.70
learr 0T9O06.7O; rouah $5.8006.30; plga
8.8006.60; rorkera $6.6006.65; food to choice
heavy 66.te06.7O. . a •
Cattle—Eatlmated rerelpta 8400. Market
2J^5!fe*a3 UB 2 , t/ ^* lr i beevea $3,006.90; cowa
$1.2504.46; helfara 12.4005.35: calvea $8,600
1: food Prim* ateera $64506.90: poor to me-
)lnm 63.wC6.IO; atockera and takers 63.400
Sheep—Estimated receipts 20,000. Market
alow and weak; unallfy fair; native 63.100
6.(0: we.t.rn 64.2607.60.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOR STOCKS BONDS CRAIN
Ground Floor Gould Building. Dally
market latter and market manual
malted on application.
SIDES—
Sept.. ,.\
Oct... 8.S
Jan... 7.(7
i Asn w
No. 2 red 74
2 bard winter
jfn HI-.
9.00
S.B
7.10
71«74; No.
> 72071. #
Blue Malvolae
6»iia ww* * —^ fTIMIf -j. ——re
.per crata, $160.
!!$»■' *
era. 15022%c.
ICEi,
Keep, per do
Butter, table.
In*, per pound,
Honey, new,
per dosen, lie.
GIBERT & CLAY
<• «. ALABAMA AT.
cOFFee. p AOviaioN*
MEMBERO:
ATLANTA. OA.
xch. n *a.|N.w Ori«n* Co«oa
«h"S:lNe« OrtSSI ISfrf of TrSIoJualveaton Cottoo Excha.g*
Lul ,„ d Lana FAGAN. M.n. Q .r,
kjitock
ork Coffee Exchangt.l
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
.AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
12013c.
nd, 20O22Hc; cook-
pound; In ooa-pound
1BLRB—Irish potatoes. No. t
''cabbax* "tvIrgfnS . IHc pound; Danish,
*j!i'ma beans par pound, «e; Navy, 63.10 per
'"onions, per hnshel, 11.13: cabbaga, lV6c lb.
New sweet potatoea. IOc bnshtC
Kraut, *4-barrel, 13.77
FLOUR. GRAIN. PROVISIONS.
KLOt'lt—roatePa patent. 36.00: DUmood
patent, 65.26; Masremtab.8t*r,J4.W: fi«y
patent. 64 60;JIM Easle. 64.15; Bhi# IMbnon,
K V): fancy, 63.M; spring wheat patent, 65.06
ai6o
(•oltN—Choice red cob, 7*r: No. 2 white,
70c; So. 2
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Corrupondiit's Capital $250,000
REFERENCE, THE NEAL BANK
PHONE I4IT, PRUDENTIAL BLDG
COTTON^lfAlft, ^ROV^ISiSnSStO^^BONDS,
#•. 2 W$n St., Ptftn Building, Atlnnli, Cm.
MUBlMSt
Bern fill CeltfH bdaiii. ChUngo Bnard $t Trait.
Kiw Orltnni Csftoa fi<(Ta#p«. Chicago Slock Itch asps
Unit pool Colton Anoilotloo. Mow York Colloa ttehn a
rrhalo IVires to Mow York, few Orltani, Chicago.
Boll fhos* 1762.
L noictf wo;* .v
ir; No. 3 yellow, 69c; mixed, 61c.
OATS—choice white clipped, 4*c; choice
bite, v 67c; choice mixed, 46c; Texaa rust-
rater-*tw»ma. nor bn
v... re jund Jute* per buabel,
Short*, white, foj»;ra#dlum.$L40: brown.
$1.34; pure bran. $1:14; mixed bran,$1.0l.
H A Y-TImotby. choic e lj r/r* ha lea, $1.15 ;
do., rholce amal! balea. $1.14; do., No. 1
timothy balea, J1.06; No. 2, $1.90; do., Nor X,
rloevr mixed. $1.00; do., Na £ oovec mixed,
* I i'l.'OVEIt—Choice Bermnfia, 71c.
RYK—Georgia, $1.10; Tenaesae*. «0c. .Bar-
lf| r'be above prices are f. o. b. Atlanta, ami
subject to
,„T^«r , pK»^“iu7C't
' Boasted Arbuckla’a 614.60,
bulk, In bag* tk barrets, ,3c; green. 100
'■rice—Carolina 4W07t4e, according t#
cr.-u!,. New crop will arrive In two weeko.
CHEESE—Fancy full cream dairy, 16c:
twin.. t4Lc- Market strong.
PROVISIONS—Supreme ham*. I*r. Dovt
ham., 154c. California h.m., |3.0«; Red
crocs bams. 16c. Iwr salt extra ribs. So ft;
beMIra. 204 lb... 610M: fat back,. Mr: plates.
^ supreme lard. «»ttH: Red Cm* 10c.
Snow Drift compound. 7*tc; Bad Cross, 7fco
I
3J % Compound Interest
It the rate your money will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00.
STRONG, SAFE,
CANDLER BLDG.
CONSERVATIVE
You are Invited to call and Inspect our quarters and investigate
our facilities to serve you. A hearty welcome awaits you at thla
bank.
A8A Q. CANDLER, President.
W. H. r.\TTER80N, Vlet-Pres. A. P. COLES, Cashier.
JOHN S. OWEN8, Vlce-Pres. WM. D. OWENS, Asst. Cashier.
Private Wire to Wore A Lrlnnd.
New York, Sept. 27,-London firm U01H
up, th* latter on Canadian Pacific.
It la feared that money flurries may be
witnessed toward tbe week’s end, nnd
In view of extraordinary Oetohrr disburse
ment* and rathar of a bearish fonture la
the light demand tor ttockl In the loon
crowd.
Expect on Irregular market, but there
Is very bullish talk on Southern Pacific
and further decline, in Coppers will tend
to stimulate buying of the share* due to
tbo great strength of copper metal.
Think It beat to confine operations with
in a trading radius.
Rumored from excellent authority that
supremo court has sustained 10c fare to
Coney Island.
Louisville and NashvIRe It breaking had.
ly on talk of floor uows from tho South
hurting cotton crop.
Dow-Jonts* summary:
American* In London firmer H0Uc above
parity.
Bank of England rat* unchanged.
New Tora^by'rtfmoernta 1 *° r * 0T * rn0r °f
New York Central has earned more than
6 per cent on Its stock In first nine months
or fiacal year.
Naahvllla, Chattanooga aod St. Louis
earning power la equal to “
— I
STOCKS AFFECTED
.BY STORM NEWS
New Orleans Was Reported
Under Twelve Feet of
Water.
■ ■ HV . 83 per cent ou Its
capital atock.
L*r*e losa of currency to tbe South la
expected In the near future, with an ac-
tire movement of cotton for export In Oc
tober.
Light demand for atock* In loan crowd.
New Haven aurplua oTercharfea equal to
.a. capital atock.
third week of September
ros* Incrcaae of 14.15 per
Further cold enfftfementa expected, now
that JmoMalata fear of advance in bank
removed.
H rt Industrial advanced .14 per c
ty actlro railroad* declined .03
cent.
Prlrate Wire to Gibert ft Clay.
New York, Sept. 27.—Marshall, Spader
Co.: “London thla moraine ana re
cently haa been Influenced by what aotne
foreign critic* call *tha extraordinary meth«
oda need by American banker* In aecur*
In* gold,* but today's market auffeata a
better feellu* over there, and we are In
cllned to look for aupport from that di
rection. or, In any event, lest disposition
to aell.
Look for Improvement In the atock mar
ket, with atrenath In apeclaltlea.
New York Financial Bureau: If, aa
lajorlty of Wall atreet seemed to tb!.._
yesterday, the atock market acted cantank
erously on account of the political situation.
It should have a radical recovery today,
clples
ship, will never be elected, as he will find
almost
him aL_ __ .
Prom these factors, .. —
strong candidate A reasonable rail
of Hughes, w!
aside
ptlonntly
nr la dua
i, will never be el
ost half of the an:
nnd In favor of
la an exc«
.saeonable rally
to be followed temporarily by an frergular
trading ninrket. We again strongly advo
cate purchases of standard atock* conserv
atively ou these reactions for turns, at
least, tor tbe large Interests havo remand
. .. . *tloan to a bear market
their control of prices.
Until uncertainties have been removed, a
broad btill market la not likely, but an
active profitable one. with the long aide
logically la tbe deduction wo bioke. Other
developments overnight do not appeal to
us a* vital factors, outside of the report
that the Bank of England rate I* un
changed. which la favorable. The funda
mental situation continually improves. Wo
are In the midst of great nnd Incraaslug
rlty.^It I* unnecessary to go Into
to us to h
rear as s real factor thla i
CARRIED PRICES DOWN
Rumor Later Denied and
Confidence Was Quick
ly Restored. <
STOCKS REVIEWED
BY NEW YORK SUN
New York, Sept. 27.—Tbe Son aay*: Aa
was the rase Tuesday, Influences of a politi
cal nature' yeatarday ware, those having
greatest Welglrt In tbs' atock market It has
all along been reckoned ae certain by th*
financial community that at tbe election In
this alat* this fall tendencies of an, avowed
socialism will make themselves prominent,
hot previous to present week It !• by no
means been thought probable that a randl-
d.te rt^reaenring . polltlcaj propaganda.of
New York, Sept. 17.—Price* moved
about feverishly In the morning's mar
ket. with no settled trend In either di
rection. The one fact that was evi
dent In the very confused movement
w'q* that manipulation wa* present to
an unusual degree on both sides of the
market. A.powerful party wa* at work
endeavoring to drive stock* down; on
the other hand, strong support \va»
extended at all tlmfis. These two con
flicting force* were about evenly bal
anced during the early hours of busi-
net*. The market opened at atiout Inst
night'* level, ro*e 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
itory was promptly denied, anil Loula-
vllle. Atlantic Coaut Line, Illinois Cen
tral and other of the Southern stocks,
which had fallen violently on the first
report, recovered with equal sudden
ness. Canadian Paclflc on buying or
ders, partly emanating from London,
made a new high record, and the spe
cials ware better maintained than
uauuL Recant favorites, as the Copper,
the Pacific*, Baltimore and Ohio and
St. Paul, were rather notably heavy
during the morning.
New York, Sept. 27.—/The stock market
opened generally higher. First price*
showed gains of 2 In Anaconda, la
llrooklyn Rapid Tranatt aud Amalgamated,
6 In Hr. Pant, CaaotUas Pacific, Com-oll-
ated Qas and Atchleou, nud >, In 1'cun,
•ylvauln. Ilaltlmure and Ohio was un
changed. Reading opened 7» higher and re
ceded K. Amalgamated also reacted
The stock market showed decided
strength after the opening, with Read
ing, Brooklyn Rapid Tranalt, Canadian
Pacific and Rubbar the mo«t 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 of,
water, selling orders poured Into the
market In large entume, carrying prices
down with :t • di from 2 to 3 points.
A telegram , New Orleans, stating
that business going on as usual In
that city, quiioiv restored confidence,
and the upward movement was re
sumed.
■ Government bonds unchanged. Rail
road and other bonds lower.
LONDON 8TOCK ^MARKET.
TpFVT
ml Clog
th* kind described would be
arize
been a matter nf actual occurrence, lint
that It would happen was' regarded ee a
virtual certainty, aa was alao tbe conclnelon
that It Introduced for the time being at
least a new factor nf nneetlement Into wall
streat affairs The market wee nervous and
fererlah. So doubt this was due more thai
anything else to tb* quick selling out am
ee quirk hn.ring lack again of stocks by tb
mrt of professional traders. Thci
signs that the large financial Inte
t ool
, . ge financial Inter-
eats were doing other than leave tbe market
evident that the mai .
feet control, and tbst whatever dlsnttlat
was caused by tk* new events had not re
sulted In any formidable degree of liquida
tion. Advance* perhani were more com
monly shown than declines at tha close nf
business, but tba course of tb* market,
taking th* day aa s whole, could only b*
' 1*ed aa Irregular and uncertain.
atoeka—notably
maplcuona fea-
Boutharn Pacific—was a conspicuous fea
ture of tba day’s business—^Olbert A Clay.
characterised aa Irregulai
The firmness nf certain
Boutharn Pacific—waa
STOCKS—
Anaconda
Atchison
Canadian Paclflc
Chic., Mil. aud St. Panl.. 175 .176 " 175tj
Illinois Central. . . .
I-otilavllle and Nasbvllla.
Reading
Pennsylvania . .
Hontbrrn Pacific .. . ...
union Pacific
United State* Steel. . .
do. preferred
1W 44»i|
175 17.7 1T3 •
. US'; HM 14*46
*4«U H7 .Hfi'i
ll'i 11114 H0«I
«T» !WV »H':
5<4 UStiiUSrl
IV 44 7 { -44%
. ICCVa 1W,
November. . • ,
pfctobw. . . .
January. . . •
March.
May. . . . . .
Closed steady.
COTTON SEED OIL.
Opsolna. rioslnf.
— 38 039
1035 34*:.,
,<521% 34 J
30 $
fal 3040
PRICE CURRENT CROP REPORT.
Cluclonatl. ffspt. Jl—Th# I»rlce Current
Bays; C’6rn snfe from front In prltu'lpnl
corn state*. Larger crop than last v»*nr
of sood quality probablo. Early cuttloc fur
foddrr Inillonteu. Incrcsned off^rlnss of
grain probable when fall work Is com
pleted. Pastures not uniformly good, and
r needed lu some sections to put around
— jondltlon for sowing. I’sckfug 235.000.
acalQRt 345.OM a year ago.
THE 8UO
>ew York, Hept. ... |
raw sugar markets steady and
Tendon host market steady; September 9s
10%d; October 9s t%d.
WM. I*. FEE I*. President.
ROBERT F. MADDOX, Vice President
LESTER, Assistant Cashier.
fflADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small ate well as large, invited.
3 1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
HUBBARD BROS & CO., mKants
Atlanta Offices, 219-221 Century Building.
Member* New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones 454, Long Distance 59. A.S. Hustace. Mgr.
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 Modern Conveniences
You should not be without one. We invite
you to call and inspect them. 1
Title Guarantee and Trust Co.
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. E. CURRIER, President. A. E. THORNTON, Vlce-Praaident
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Caahler
JAMES S. FLOYD. Aaa't Cashier.
Capital $500,006.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
1
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