Newspaper Page Text
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THE ATLANTA GEORGIAN.
TrnsnAY. ocTonnn t. woe.
NEWS AND GOSSIP
Of i he Fleecy Staple.
South Heavy Buyer While
Shorts Are in State of
Semi-Panic.
market VERY STRONG
advance Today Sensational,
With Bulls in Con
trol.
^CCOO<K>0O<H>OO<HK«H»OOOOO
S COTTON CONDITION
0 SHOWS 8HARP SLUMP.
o W t.-niiufton. Oct. 2 —The crop O
o estimating board of the agrlcul- 0
O tural department made the fol- ”
5 lowing report thla afternoon:
O The average condition of the O
O cotton crop on September 25 was O
O T11> as compared with 77.3 on 0
0 August 25, 1506: 71.2 on Soptem- O
0 her 25, 1905, and 75.5 September O
0 25, 1904. and a ten-year average O
0 of 66.7. 0
0 it Is stated In the report that O
0 tin foregoing estimate does not O
0 reflect the damage done to the O
0 cotton crop since September 25, “
o by the recent atorm.
OTO0OOO4>O4»0O«OpO0«lOO<HKW
SPOT COTTON MARKET.
Liverpool—Spot cotton quiet end firm.
Middling upland* 6.93. Bale* 10,000, Amort
.mu 3,300. Speculation and export 6.000. Re-
tolpi* 10,000, American 7,100.
Atlanta—Quiet, 10140.
\>n Vork—Quiet, 10.66.
sow Orleans—Irregulnr, lO^e.
Augusta-Firm. 10 6-16.
Houston—Steady, 97ie.t
Cslvrtton—Firm, 9?ic.
Memphis—Firm. 10 M6.
Bnltlmore—Nomlnnl, 10V«c.
St. I.rtul*-Flrm, lOHc.
THE MARKET^ LIVERPOOL.
Mrerpool. Oct. L~Cotton went aonrlug on
the eirhunge today, In great measure
caused I tv report* from the United States
to the effect that ft great part of the cot
ton crop had Been destroyed by the disas
trous storm which swept the cotton states
recently.
nttjnjf wss feverish nnd the excitement
prow ns the price rose higher and higher.
When the market closed catton showed an
advance of 21 poluts.
THE MARKEtTn NEW YORK.
ntton markets started fully active and
.■tolled with first price* 44}12 points higher.
The South wns a large buyer on the call
and so were Philadelphia Interests. Actlre
i rollt taking by a number of local Inter-
• its who hare been bullish ever since the
bn nee started, made little Impression, *0
i>nd and vigorous was the demand.
At noon tlu* market was still rery actlre.
i In- dealing* suggested that the Interest*
\»t-re trrtng to check the advsuce, but their
offerings wen* absorbed by fresh buying,
much of which appeared to be for the sc-
.•mint of Interests In the South. Tbo Liv
erpool bull clique was believed to l>e sell-
lug. one prominent bouse disposed of *),-
halos.
The goveroiifi-nt report showing the aver
age condition of the crop to l»e 71.6 was
'•••tier than expected and the list after Its
publication fell 11©17 points, .followed *
rally of 7 points. Tne rally was si
’i veil, howerer, prices again selling
l'online* were heavy. It appeared
the bulls had sold out nefore the
wss Issued for the purpose of op
dug prices after its publication.
cotton had
i-ii seriously damaged by the troplcnl
-rnt. The people who rales the fleecy
•1 pic were first to And It out; the people
li» deal In the paper stuff found out Inter,
flic latter class arc hard to convince that
■ ‘thing disastrous can happen to cotton
planted, nnd get* out " ~
and In good condition, more especially
when the acreage planted, under farorablo
—ild produce n yield sufficient
Id’s growing requirements
"inlitbn
t the
to: the raw material.
Tills class has been caught short, nnd to
tliN clas* rin be attributed tne sharp ad-
of the pest three days. They aro
K >\ crop of cotton. Mississippi, Alabama.
u'slnnn, Georgia nnd the Carolina* will
produce n crop below the average.
mus nnd well bring a price satisfactory to
the producer.
The governtnet report on the condition of
fh° crop up to nnd Including September
*■ rt 71.6 Is bearish. It, howerer, does not
to-or the storm period. In which the entf
custom belt has suffered serious Injury.
Liverpool this morning wss better than
duo nml wn* strong nil through the sea-
lion. the cl ns*' being 234 to 26 points above
the finals of Monday, with spota up 9 point!
os sales of 10.OOO hales.
following Is the range In the cotton mar
net In Liverpool today:
. Open. High. Low.
Oft-Nov 6.49 Rife 6.42
, 5.47 6.59 6.4S44
J '-6 April 6.62 6.64 6.4*
llwJuns 6.67 5.67 6.5S
New }ork wns strong lit the opening nt
•hnrp advances, nnd as the session ad-
rancid the strength Increased, forcing all
ninths across the lOc mark.
the gurernn .-nt report caused a rapid de
cline of prices immediately after Its rub-
Ucttleii »,'„r|ii sharp slump: lu fact,
foit <*f the , gains wdre lost, prices
snowing only -w points above the close
on Monday.
Estimated Receipts Tomorrow—
_ , This Year. Last Year.
Vw Orleans . . . 4.501 to 6,500 3.340
SM'Wton 17.000 to 16.000 25.797
Houston K.OOO lo JAM* 1S.678
Hie second government report, that Is.
it report otj the num!»er of bales glnne4|
" aud including September 25, was Is
rluite Wlro to Ware A Letand.
.Niui \ork, llct. 2.—In Liverpool futures
ZfuSiH tcrerjsh 16«17 up. At 12:15 n. m.
HR aua ^varlsb. Mules 10,000. Spots
;lt ,\ 93 : U P- Futures due to come 144 up
r 8n .d 94©104 up on the balance.
£ e , w u.\? rk V°." on ntarkut opeued
strong and higher with shorts large buyers,
belling by long aud local Interests. Ad-
tuucc* should be sufficient for present aud
would not buy nt these prices.
» ... weather report on cotton Is
uuiusn.
New Orleans, Oct. 2.—Liverpool makes a
Tull response to the advance on this side
yesterday, and the Tlmes-Deuiocrnt's re
port on crop conditlou Is very bullish. We
ought to open higher.
.the weather map Is Incomplete. It
■how's dry weather over Texas, but consid
erable rain over the central belt. Reports
float the Kitst are lacking.
The Tlmes-Oemocrat herewith presents
the reports of Its correspondents «u Hie
progress of the cotton crop during the
month of Heptember. The conseusus of
opinlou follows:
First. Taking the belt ns a whole, the
accounts are exceedingly gloomy. Even In
Texas, the A|4nntlc states aud the terri
tories, sections which escaped the brunt of
the greut storm, there are complaints of
dnmuge by excessive rains aud a distinct
deterioration from the condition a* the
close of August had been the rule through
out the South, even before the disastrous
disturbance of Thursday last. In Alabama.
Mississippi, Arkansas, Tennessee aud
lions of Louisians, the result of the trop
hurrlcans has been deplorable, though
no precise estimates of damage are pos
sible ns ret.
Hecuud. There Is general complaint that
labor for picking is scarce, nml that ex
cesstve wages hove to he paid.
Third, ltiivuges by Insects are meutlc
lu some districts, but (he loss In thla
does not seem to have been serious.
Edited by
Joseph B» Lively
MARKETS
Mr. Lively's twenty-flvo
years' experience of ed
iting marietta In Atlanta
and the 8outh hue mode
him a recognised au
thority Id hlo specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAMB OF STOCK.
lower than 71.9 It means an average fo
lvn months of the season of 80 per
vhlch Is bearish.
The Journal of Commerce says: "7
m- tlie week opeued quiet nnd firm.
Islous of prices were announced lu li
cottons to the extent of refusing to _
further nt the low range of values which
has been prevailing. The leading tickets In
bleached jjood* are nt value pending ad
time tills wee
p- NEW YORK.
Ut ' ■ ■. '
s- The following Is the range lo ottoo fu
ture* In New York today:
la
to
I
§
9
3
li
1
il
# Nu’-.
it
ot l n n
ie l eb
t
May
dr J «n*
s. July. . . . .
9.tf
10,9:
10.06
10.16
10.24
10.30
10.42
10.43
10.46
lA.40
10.30
10.60
10.62
10.24
10.79
10.87
10.93
9.85
10.03
10.00
10.09
1S:2
10.41
10.41
10.44
10.40
10.12
10.67
10.68
10.24
lfi.fl
19.88
19.44
10.88
i6.40-42
10.50-52
10.54-55
10.57-68
10.67-69
10.73-76
10-82-83
10.83-86
10.88-90
*03 84
8.98-99
10.00-01
10.06-06
10.12-14
10.19-20
10.30 31
10.33 35
10.36-39
may lie announced at auy
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrrrttu by Atlanta Fruit aud
Produce Kschnnge.
Lrmnna. 27.50.
I.line. 604176c.
Pineapples, 21.6081 IE
Hnnaiuta, atrnlgbta. per buucb. $1.6081.76.
Culls, per bunch, 11.00421.23.
CALIFORNIA r ftUIT—Fnbcy stock:
Eiperta pinches, per box, 21.W.
Mountain Bartlett penrn. per box. 23.26.
(Iron pluma. per crate, 32.
Columbian prunes, per crate, 22.
Rom Peril crapes, per ernte. 22.00
Hloe Mnlrolse ernpee, |>er crate, 22.00.
ANI. COl'-NTiU JMRODUCB--
Live hens. 3S©37**c; fries, 224Q26c; broil*
era. 154i22i*e.
Dressed fries. 18fl20c pound.
Dressed hens, per pound, 14015c.
Live ducks, I'ekln. 36c; puddle,
Kgg*. per dosen. 23c.
Butter, table, ner pound, 20@22ftc; cook
ing, per pound, 124@15c.
Honey, new, S®10c pound: In c
racks. 10612c.
VBOETABI.R8-Irish potatoes,
atock. per buahel, 11.06.
Cabtiago (Vlrelnla). I»,c pound; Danlab
'Tima beana per pound, 0c; Navy, 22.10 per
Onion,.' per bushel. 21.B
, 2682714c.
FLOUR, GRAIN. PR0VI8I0N8.
FI.OtlR—Poatel’e patent. 10.00; Diamond
pntent. 16.26: Maucoutnh Star, 24.70: fnney
patent. 24.60: lied Eeele. 04.15; Blue hi boom
fancy, 23.00; eprlng wheat patent, 26.0}
®t ! ORN-('hotce red cob. 72c; No. 2 white,
70c; No. 2 yellow, 69c: mixed, 6Sc.
OATS—t’holcc white clipped. 4*c: choice
white, 47c; choice mixed. 48c; Texee ruet
^MEAL—IMeln wnter-kround. per bushel
(7c; belted, im pound Juice per bushel, IBc;
Shorts, white. 11.60: medium. 21.40; brown.
21.30; pure bron, 31.10; mixed hron, 11.06.
I1AV—Timothy, choice lorae holes. 11.16;
do., choice annul boles, 21-10: !lo., No. 1
timothy Imles, 21.06; No. 2. 2100; do., No. 1,
cloerr mlieil 11.00; do.. No. 2 cover mixed,
1.00. _
1.00; choice Rermude, 78c.
ItYB—IJcorttlo, 2110; Tern
>v, JBc.
The above prices ora f. o. b. Atlanta.
QROCERIE8.
8U«Alt—Standard granulated, 36.20. New
York refined, 44c; ploutations. 6c. klorket
RICB-rorolIno 44®74c, according
grade. New crop will arrive In two weeki.
CIIBKHE—Fancy full cream dairy, 15c:
twins. 14*ic. Market strong.
PROVISIONS—Supreme hams, 15e. Dots
hams. If.4c. rnllfornla hams, $9.00; Red
Cross hams. 15c. Dry aalt extra ribs, $9.15;
bellies, 20-6 Iba., $10.50; fat backs, 8c; plutea.
lie; Supreme bird. $10,124: Red Crosa, 10c.
Snow Drift compound. 7V: Ked Cross. 7%c.
sned nt D o'clock.
“ r'A'V'd the numlter of bales glnnnl at
* p l*-'»lc». as ngainst 2.368.031.
»k. u * 2 vn * ro »»trued as bullish nnd more
I?* n /'“•"t tho favorable condition report
u»i ,fco 7 n ,n t * , ‘* aennatlonal advance fol-
publication, prices moving up-
iJih. bounds to the highest
vll. 1 ,,,n . ■'‘"■Ion with greater excite
»oStli ” nn hn * ,n
Ai 11)0 Clu» the market en* In
tone nt advance* of from 60 to 57 points
na compared with yesterday's close, making
the advance for yesterday nnd today over
100 points, or $5 per bale. j
It would not In* surprising to see ft re- *
action follow such a rapid advance. How-
over. It Is thought It can be only ternpor- ‘
ary. j
TODAY’S PORT RECEIPT8.
Tbs following talus show* rrcrlpts at ths h
ports today, compared with the same day
last year:
1908
1906 \
New Orleans !
Galveston
Mobile
Knvannnh. .......
Charleston
Wilmington
Norfolk
Baltimore
Boston
Jacksonville
36029
177i2
744
swn
3737
376
100
4338
27194
46*>
ITrtSX
2498
4H8S
8529
3 A
"SS , A
Total (Incomplete)...
62558
6WW J
INTERIOR MOVEMENT. ",
The following nun# shows receipt* nt the _
Interior town* today, compared with the
some day ln*t year:
1908
1906
Houston
Augustft
Memphis
Ht. Louis
Cincinnati
26262
2992
1425
583
259
s £
*
195
Total
T»Vdl
35169
GIFuEIRT & CLAY
“ *■ ALABAMA AT.
XTOCKI, BONDS.
COTTON. OBAIN.
come. PBOVIIIONS
ATLANTA. OA.
nK.noK.nni
Orleans Cotton Excbange.lChleago Board of Trade.
—•- -^change. Llyerjiool cotton A**?**^*^^®
K»eh,n|A|New
Cotton Rxchenie.iNew
lork CoffM Exchen*e.|New -.
. i J. PriTkt, Wire, to alt Excbeoxe, ..
-««l *nd Luna DleUnoe Telephone 5298. W. n. FAGAN. Men«ner.
8rt«s: fed ysaSKSWBa'SiSi'KSiiiS
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
imalgatnated Copper..
Atlantic Coaat Line. ,.
American Sugar Ref. ..
Anaconda
American Locomotive..
do, preferred. . , .
Amer. Smelting Ref. .
At&dC“-.'.::
gStloorYk Ohio!'.' i!
I^Pld Tran..
Unle, % % Northwestern..
fJWdb A Ohio. . .
Co orndo Fuel A Jruo..
<-eu trnl Loxth.r
A®, preferred. . . .
Chic. A Greet Weet'o.
Ch e., MU. A Bt. 1-. . .
Ootawere A Hndenn. ..
Distiller i Securities ..
Genm-el Electric. . .
Illlnola Central. . . .
Amer. Ice Securities .
Uulerllle A Na.hvllle.
Mexican Central. . . . ,
Missouri Pacific. . . .
NAMB OF STOCK.
N. Y., Ont. & Western.
National Lend
Northern Pacific. . . .
New York Central. , .
Norfolk & Western. . .
Pennsylvania ,
People's Uaa
Pressed Steel Car. . . .
do. preferred. . , .
Pacific Mall
Reading
Republic Steal
Rock Island
do. preferred
United States Rubber. .
—do. preferred
Southern Pacific
Southern Railway. , . .
do. preferred. . , . .
Slosa-fiheffleld
Tenn. Coal A Iron. . . .
Texas A Pacific
Union Pacific
United States Steel. . .
do. preferred
Western Union.
Wabash
do. preferred.
Wisconsin Central,
do. preferred. .
btde not received—wire trouble."
m
.n*
LIVERPOOL.
cloe*
Futures opened firm.
Opening
October . .
Oct.- Nov..
Nov. Dee. .
Dec.-Jan. .
Jan.-Feb. .
Feb.-Mch.. .
Meh.-Apr. .
„ Previous
Range. Close. Close.
-§.&? 6.63 6.394
. .5.49 -5.43
. .6.46 -6.42 5.f*
. .5.46 -5.44 6.67
. .6.47 -5.444 6.5$
.to
. .5.56 -5.6614 5.64
6.Gif4 5.S64
' “ 6.38
6.40
5.414
6.67
-
NEW ORLEANS.
The following Is the range In cotton fu
tures In New Orleans today:
1
S3
u
1
3
U
1
i'i
Oct
Not
I»ee
Jan
Feb
March. . . .
May
Jfln
July
10.10(10.52110.06
10.26110.30 10.26
10.10*10.65! 9.9)
10.32 10.75 10.08
10.69110.89 10.89
10.48j 10.95110.15
10.60jl0.72 10.60
ia*85|id’*«/ias6
10.40
10.26
10.60
10.59
10.69
10.79
10.72
io!mi
10.40-41
10.47 49
10.6041
10.58 69
10.65-IS7
10.78-79
IA.8M *
10.93-95
10.98-11
Bsssisssls!
kfcssiissssl
T3E W2ATHJER.
LOCAL FORECAST.
WEATHER IN WHEAT BELT.
Extreme Northwest—Fair to clear, 34 to 4t
cloudy, 44 to 64 above.
Wefct aud Southwest—Clear, 38 to 66 de
grees above.
Ohio Valley—Generally cloudy, 62 to 62
above) local rains.
WEATHER FORECAST.
North Carolina, South Carolina, Georgia—
ILiiu Tuciatuy and Weunesdsy.
Last Florlua—Ruin Tuesday and Weduea-
dny.
West Florida, Alabama, Mississippi aud
Loulslnnu—Showers Tuesday and probably
Wednesday
Last Texas—Fair Tuesday, except ralu la
extreme eastern portion; Wednesday (air.
West Texus aud Indian Territory—Fair
Tuesday aud Wednesday.
A.-kausus and Teuuessee—Rain Tuesday
and Weduexday.
WEATHER CONDITIONS.
'The atorm lu the east gulf has moved
very slowly since Monday uiorulug, aud la
•till centered to the south of the Alubama
const. So tar It seems leas severe thau the
one of several days ago. The lowest press
ure reported Is £1.66 luches at Mobile, a
slight decrease since yesterday uiorulug. As
u result or this storm urea, cloudy weather
with general rains provnil over the eastern
half ot the cotton belt. The foliowlug sta
tions report oue Inch or more rain lu the
last 24 uoura: Mgcou, Gn., £5S; Thomas-
The barometer Is highest over the north
Atlantic const, but there has beeu a gen
eral decrease in pressure at nearly all sta
tions.
The (■•nditlons favor ralu lu thla sectlou
tonight and Wednesday; somewhat warmer
Wcduesdsy.
COTTON REGION BULLETIN.
STATIONS OF
olttmhua. cloudy.
Gainesville, cloudy.
Greenville, rain. . .
:rimn, cloudy. . .
Macon, cloudy. . .
(I!
£ S
WHEAT MARKET
I CHAPPY AFFAIR
Was Up and Down in Quick Suc
cession, Closing Over a
Cent Lower.
Chicago, Oct. 2.—The pit crowd In wheat
was ngnlnst the price und against Valen
tine. ns ho purchased millions of bushels
of that cereal. They filled him up until he
The market wss a choppy affair.
l*rovt !oiik were off a shade.
C _h sales at New York were thirty
l»ont loads of wheat, five of corn and 200,000
91.000 bushels oats.
week.
Primary receipts were 1.426,000 bushels of
wheat and 724.000 bushels corn, compared
with 1,766,000 bushels nnd 680,000 bushels
spectlvely u year ago.
CHICAGO GRAIN MARKET.
ilcngo gram i
for today follow:
Opt o. High.
WHEAT—
Dee. . . 764
May. . . 804
CORN—
Dec. . . 434
May. . . 41
OATS-
Dtc. . . 24H
May. . . 354
764 754
804 794
434 424
44 434
344 344
354 854
34 334
13.35 13.35 13.424
Nov. . . 8.55
Jan. . . 7.874
SIDES—
Oct. . . 8.40
7.15
CABFJ WHEAT-
874 8.874
625 8-624
WORLD’S MARKETS
* WERE OVERSOLD
The
New York,* Oct. 2.—The Snn says:
world's cotton markers were evidently
sold, nnd the result has been aseuil-panlc
jimong the hear* for some days past. Yea-
rerday even stolid Liverpool took the alarm
nnd advanced equal to 4c In our money.
Cotton people are still In the dark as to the
actual damage done by the great storm of
last week. The reports are contradictory,
some affirming that the Injury Is slight.
ndmlt. Moreover, another West (mil an
storm waa said to lie threatening, thin one
coming from the direction of Yucatan. Mlsn
titles' crop report wns considered bullish.
Its data enme down only to September 2S
nnd thus does not Include the effects of the
atorm. be they nmnll or great. Homo low
temperatures were reported In Texas ami
rains wero predicted for the gulf nnd Atlan
tic statea with northeast wind*. Manufac
turers wero buying futures nml Wall street
nnd pool bulla were acting on the nggrea-
slve. Shorts nil over the country covered.
At the same time the South sold rather
freely ngnlnst the actual cotton, and there
was n good deal of realising, na It wna
feared that the rise of late has been altnidy
nt the expense of frightened shorts ratbor
Heavy rains occurred In the central nnd
Atlantic sections of the belt. Much cotton
Is said to have been blown down In the cen
tral section. New Orleans and Memphis
dispatches In some eases declared the dam
age to be exaggerated. The signal service
says: "A second tropical atorm Is reported
or approaching the Yucatan channel from
the east."
Today’s development* will depend on the
crop reports to ne Issued today, and also
the weather and the news nbout the extent
of the recent damage to the crop.—Glbert &
Clay.
2.—The Tlmes-Deino-
iya: Many a once confident short
who had held on by the toes fell victim to
yesterday's cumulative bullish sentiment.
Margin culls, stop-losa orders nml the not
Illogical desire for safety nt almost any
cost upset bearish theories completely, nnd
buying commission* kept wire house wires
blocked pretty much all day In so far ns
the talent kn^w, storm damage of Impor
tance had occurred lu a few localities only,
but the report of a fresh atortu brewin'
Private Wire to Ware A Leland.
I$ew. York, Oct. 3.—Anaconda up 2
points in London.
Atchison up 1 point and expected
dividend tomorrow will be declared to
equal 6 per cent for Atchison com
mon.
Bullish sentiment not quite ao pro
nounced In quarters that have been
active in the market, and while ‘the
Impression seems to be gaining ground
that monetary conditions may work
easier later In the week, It Is still ap
parent that long stocks are being liqui
dated wherever the market permits.
Attention la being called to a num
ber of the low priced rails, especially
In the southwest group, as. well as to
far and Koundiy and other low priced
Industrials.
Reading may be lifted higher, but
think It advisable not to follow it up
and would only buy the good stocks
when unduly depressed.
New York Financial Bureau: Specialty
Improvement should continue In the stock
market today. We would assume the
position of conservative bullishness on the
general market. Money |* working easier
nml the political altuntlon seem* to work
more In favor of 'Wall street's candidate-
daily. Developments over night show that
the stream of gold dlreoted toward this
center Is hard to stop, having gained n
grrat momentum from both natural and
artificial factors. We do not expect to see
a wild market—far from It—hut we look for
Improvement under specialty leadership ns
of South* America must not he overlooked
as a really beneficial fundamental for the
future. The year has been n hard one In
snects, hut the great prosperity
bmnper crops has lieen a hard
Now York, Oct. 2.—Marshall, Spader
logically be unward, with
Daniel Odeli A Co.: We look tor con-
Inued Improvement In specialties to-
ay. The tone exhibited wns bullish
nd the powers are evidently willing to
ee a gradual hardening of prices.
Still we expect recessions from time
to time, however, j \ il would buy
standard rails on soft spots.
Dow-Jonea* Summary: American In Lon
don arc steady at about parity.
Atchison dividend meeting tomorrow.
Government crop rc|Hirt comes today.
Gold Imports ngnlnst government depos
its so fur $38,472,000, of which $22,083,000 bns
arrived.
Alton surplus for year equal fo 1.28 per
cent on common.
Money situation better now than when
the crop currency movement hegnti In Au
gust.
Light demand for stocks In loan crowd.
London fearing advance In bank rate on
Thursday.
Outlook In Cuba peaceful.
I'resldcnt returns from Oyster Bay to
lYashl ngton.
Election betting still 2 to 1 on Hughes.
f'Ast of landing nnd maintaining 10.000
troops In Tub* for two months nnd return-
‘ i^Mthem to this country estimated nt $50,-
Twelve industrials advanced .79 per cent
Twenty active railroads advanced .49 pc/
cent.
AT THE OPENING
Exceptions to the General
Advance Were Few in
in Number.
DECLINES SLIGHT
Yesterday’s Quick
Invited Profit
Taking.
Rise
STOCKS REVIEWED
BY NEW YORK SUN
York.
tronge
noticed In the atoek market prevailed yes
terday from the beginning to the end of
business hours, reflecting undoubtedly a
’nl feeling among speculative opera-
that for The time being at least the
forco of various adverse factors with whlrb
the mnrkef has bad to eon fend In the near
by past hnd considerably lessened. The
end of the Cuban situation la not yet, of
coarse, but from all appearance* there are
likely to l*e few defclopmcnts In It that
the financial community will count
harmful. During the last week the
vlctlon has steadily deepened In the minds
of nil thoughtful observers that the Hearst
candidacy for the governorship will meet
nu overwhelming defeat at the polls, while
In an affirmative sense the strength of the
opposing candidate ha* Just as steadily
grown. Another rise In the price of rnw
menta which have, during the Inst few
made the atock market outlook more at
tractive continued to make their luduenc#
felt today. For the most part prices ad
vanced. although there were enough excep
tions to the upward movement to prove
that yesterday s quirk rise had Invited
heavy profit-taking sales. This aort of idl
ing appeared rather conspicuously In the
Pacific stocks. In Ht. Paul, lu Pennsylvania,
and lu Baltimore and Ohio. But. on the
other hntal, the United Htates Hteel shares
continued fo he bought benvlly at advances.
In expectation of Immediate announcement
of the ora land lease, and the Itock Island,
Coppers, Texas Pacific nnd Atchison were
also extremely strong during the morning.
The market was encouraged by the relaxa
tion In rail money rates which hy mid-day
were down to 6 ner cent and by further
Indications that the premiums charged re
cently to borrowers of time money were
soon to disappear. This demonstration of
the adequacy of recent money market relief
of course caused less attention to be paid to
the movements of foreign exchange and the
possibility of an advance in foreign bank
rate*.
New York. Oet. 2.—The stock mnrkel
opened almost generally higher and In the
first 5 minutes gains were established of
from 4m per cent. Copper and New
York Central advanced % ami Pennayl-i
vnnla, Erie. HteeJ preferred nnd Colorado
Fuel rose 4-
The atock market waa more uniformly
strong this morning than nt any time In a
long period, exceptions to the general ud-
vanro being few, nnd. where losses wero
made It wns for some special reason pecu
liar to certain stocks. The feature of tho,
trading was the activity In low-priced)
stocks, led by Hock Island. Exceptions to
the general strength were Ice Hecurltlea
nnd Distilling Herurltlcs. }
Governments uncbnQged. Other bonds atfr
active.
LONDON 8TOCK MARKET.
STOCKS—
Anaconda
At ••bison
Canadian Pacific ....
Chicago, MIL A Rt. Paul
Erie
Illinois Central
Louisville and Nashville .
Rending
Pennsylvania
Southern Pacific
Ihilon Pacific
United Htates Bteel . . .
do. pref
NEW YORK COFFEE MARKET.
Following Is the opening range aod close
ig
the Yuen to n channel gave tne average lu
a bad day. The big effect of the old
will probah
sold good g.„ - -
he does not possess for even a large yield
of soiled cotton to help him out of bis trou
hie*. Yesterday exporters bid 3 points nti
the December option for October delivery
of Liverpool good middling, nnd the bnsls
evidenced no weakening tendency. Mean
while the magnitude of today's estimated
„ receipts at New Orleans nml Houston hs
No. 2 wl, 74®76: No. 3 do., 73<ff744; No. 2 to thp undent of the staple, emphasised
hard winter, 744No. 3 do., <4v744- the fact that the Galveston movement for
Heptember,
CHICAGO CAR LOTS.
•Minimum temperature* nre for the 12-
hour period ending nt 8 a. m. thla date.
HEAVY RAINFALLS.
. .3.30
...1.64
m
at
Dlst. Averages.
ill
1-3
REMARKS.
The weather wss decidedly cooler over
n portion of the lu»!t Rains were
,i |th heavy amounts reported from
corgin, North Carolina. Florida, and Ain
All reports from western districts
•slug on account of wire trouble.
K J. b. MARBUUY.
Section Director.
Wheat..
Corn..
Oats.. ..
Hogs.. ..
LIVERPOOL GRAIN MARKET.
Wheat opened 4 higher; 1:3 p. m., 4 to
4 lower; closed 4 to 4 lower.
Corn opened unchanged; 1:3 n. m., 4
higher to unchanged; closed unchanged.
NORTHWE8T CAR8. •
The following figures give the northwest
8TOCK8 AND BOND8.
Bid. Asked.
Georgia 44s, 1915 112
Georgia, IL h. 6s. 1910 106
Kavittrash 6s. 1909 1024
Macons 6s, 1910 106
' nta, 5s. 1911 106
uta, 44*. 1022 MT
Atlanta 4a, 1934.. .. 10|
Atlanta and Weal Point. , . .165
Atlanta and Weal Point Debts..107
Central Railway of Georgia 1st
do. Income
do. 2d Income
do, 3d Income
Georgia 266
Augusta and Havannab.
'JR
iota
, about 45 per cent of the
wh'ole, as against about 33 1-3 per rent last
rear, and to this extent Texas hs* been
carrying the movement burden of tho belt
at large.
The government condition average should
not show storm damage. At the moment
the weather being practically the only In
fluence that really counts, the course of the
cotton market Is too complex n puxxle for
the expression of conscientious opinion. The
outlook fs dangerous or safe, according fo
the logic the msu follows, rather than the
statistical calculations he has heretofore
watched carefully. Yesterday’s net gain of
SOUTHERN EXCHANGE
Oldeat Established Office flouth.
COTTOI—STOCKS—BOROS—GRAIN
Ground Floor Qould Building. Dally
market letter and market manual
mailed on application.
nounced. In our market, aald
general Influence making for the better
feeling, there were no specific develop
ments of note. It Is clear that tho tech
nical position of the market has been
helped by the recent liquidation of weak
holdings and by the throwing over of
stocks hy certain, large speculative
plungers, and It Is also w-ell understood
that commitments for the decline In tho
market have In the 4sat fortnight accumu
lated In considerable quantities.Glbert
& Clay.
some 65 points was, under the elrcuni-
stance*, reasonable enough. More hnd
weather nnd the confirmation of storm dnm-
nge reports, however, will be required to
bold It.—Ware A Leland.
Jnnnaty
February .. ..
March
tC.r
June .. .. ,
July
August
Heptember .. ..
October
November .. ..
December .. ..
Closed steady.
Opening
Range.
. 6,60-6.65
6.75-6.80
1704.80
1754.85
fJMJl
6.904.96
6.95-7.00
7.00-7.06
7.05-7.10
6.364.45
14M.65
1554.60
1804.16
1854.90
1994.95
7.00-7.06
7.06-7.10
7.06-7.10
6.404A0
6.454.60
1594.60
LIVE 8T0CK MARKET.
Chicago. Oct. 2.—Iloga—Estimated re
ceipts today 14,000. Market strong to 5c
up: quality fair; left over 3.429; bulk $4,600
6.Go; estimated for tomorrow 28,000; light
hogs $6.26f/6.774: mixed $6.l5{i6.80: heavy
$5.906176; pigs $12Sf}7.15; good to choice
heavy $6,704/00.
Cattle—Estimated reeiipts 5.000. Market
stiuidj; quality fair: beeves $3.96497-20; cows '
$1.39404.60; heifers $2.40ft5.»; calve* $6.6049
8.60: good prime steers $5.40497; poor to
mcdlniu $4,504)5.90; Stockers and feeders
lf.M4N.60.
Hhocp— Estimated receipts 34.000. Market
oak; quality fair; natives $.1ff6.4S; west-
m **#4.59; yearling* $5.36«6.90; lambs
$1,254/7.00; western $4,257/7.45.
THE SUGAR MARKET.
•w York. Get. 2.—Local refined and raw
msrketa steady and noctauM.
tondon beets steady; October 9s 6tyl; No
vember 9s 4tyd.
WM. L. PEEL. President. ffiXS«W».
ROBERT F. MADDOX. Vic# Preside*! jJJ. V. WINDSOR, 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. -
THE METAL MARKET.
Nrw York, oct. 2.—The metal market *
trading was quiet nnd prices slightly Ir-
i*gu!ar. Copper strong but unchanged.
Tin down 4c.
Lead and spelter were easy.
GENERAL DUVALL TO AWAIT
ORDERS IN ATLANTA.
Washington, Oct. 2 — Brltudler Gen
eral W. P. Duvall, commanding the
Department of the Gulf, with heed-
ouarters in Atlanta, who was at the
department yesterday In confer-
wlth General Bell, chief of staff,
ano other officer*, with regard to the
movement of troop* In hi* depaitment
that have been ordered to Newport
News for embarkation to Cuba, left
here last night for Atlanta, where he
hold himself In readiness for or-
; to Cuba In esse any more general
ers arc required In the enforco-
t of the peaceful occupation of th#
sod A. lata..
.112
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, GRAIN
Comspoidnt's Capital $250,000
REFERENCE, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
ATLANTA NATIONAL BANK
ATLANTA CA.
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Caahlcr.
JAME8 8. FLOYD, Ags’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS & CO., MERCHANTS
Atlanta Offices, 212-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aaso-
elation, Chicago Board of Trade, New York Cof'
fee Exchange, New York Produce Exchange.
Iiuslnesa aolicited for the above exchangee.
Direct wire aervlce. Correapondence Invited.
Phones 454, Long Distance 39. A.S. Hustace. Mgr.
Safe Deposit Boxes
For rent in our Vaults m the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.