The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 28, 1906, Image 11

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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 \