The Atlanta Georgian. (Atlanta, GA.) 1906-1907, October 04, 1906, Image 11

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THE ATLANTA GEORGIAN. THURSDAY. OCTOBER 4. 1W*. 11 AT THE HIGHEST Nsw York. Oct. 4.—Influenced by un expectedly firm cable*. the local cotton temporary, bear pressure Incoming so heavy from various sources that within five min utes after the call, the lending month* were Mow yesterday's closing lerel. It looked as though the liquidation had not l»eeu completed, and besides there was a lot of Belling bused on the theory that the reports of dntunge to the crop bad been greatly exaggerated. ol was due l_ .... ... response^ to the decline of the American markets yesterday. Was better than expected, the uinrKct opening at #4 points lower and closing 3{i3ft points lower from the previous close. The loeul cotton NEWS AND GOSSIP Of tha Fleecy Staple. New lork, Oct. 4.—Liverpool at 12:30 p. m. was 5 to 6 points lower; was due 11 to 12 points lower. On this basis New York r_.. with the ment neither buy forecasts or depart from the rule of erate trading where It is neeeiisary that orders shall l*e glveu now to cover ueeda that are certain. ’ ring merchandise is uppermost Urge operators and for the mo- *. seller will attempt Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-five years’ experience of ed iting markets In Atlanta and the South has made him a recognized au thority In hi#specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Instead of the advance, first %rlc unchanged to 3 lower. Later In (he morn ing. hammering by bears sent the price stfll lower. Decemtier going to 10.05, ns com pared with 10.11 at the closlug yester- °jfgoof1 demand for spots has been In evl dence today, uud an excellent business Is r *l-\>Ilowing is the range In the active months In Liverpool today: Open. HIjrh. Low October-November 5.51 6.*^ 5.45 January‘February 5.48 5.55 f.44 March April 5.53 5.59 *>.o0 Mo y-June.. 5.56 5.G3 C.u4 * Estimatsd Receipts For Tomorrow. ~T 190C. | 1905. .|L*4,0<y» 10 26.000! 19>2«‘ % Galveatuii.. .7 Houston New Orleans. i SPOT COTTON MARKET. Liverpool, spot cotton easier; middling uplands 5.90<1; sales 10,000; American 7.800; •peculation and export 500; rocolpu 19,100; all American. Atlanta, steady at 10 316c. New York, quiet at 1(Mmi\ New Orion un. Arm at tOfte. Havannnh. steady at 10**. fit. Louis, quiet at lOfte. Boston, quiet at 10.55c. Houston, easy at lOftc. Memphis, tirm at lOftc. „ Baltimore, nominal at lOftc. Galveston, steady at lOftc. Mobile, firm at 10c. a Norfolk, steady at 10 3-16c. TODAY’S PORT RECEIPT8. Ths following table abowa receipts at the . ... -Jlsslsslppl am! LoiiImIuiui. which suffered from the lute hurricane, reduce the estlnmted dnmage dime, which. It seems, was greatly exagger ated. New York. Oct. 4.—Weather clearing slightly warmer, and plant can’t Stand cold. New Orleans. Oct. 4.—The census bureau report tomorrow will Issue n report stocks ami consumption of cotton. rabies arc very favorable, and crop n> Is bud. Many points • In -Mississippi im ported flooded lowlands mid cotton rotting und sprouting In the tails. We ought to do better by 8 or 10 points on the open- lOf. Haywood. Vick A Co. nro doing the ham- inerlug. At lenst. 600 or 700 bales of sputa were sold ufter hours yesterday. THE WEATJSER. LOCAL FORECAST. For Atlanta and Vicinity—More or less cloudy, with probably showers tonight or Friday. " WEATHERT0RECA8T. Georgia—Fair and somewhat warmer weather Thursday; Friday fair. Light south winds. Louisiana—Fair and somewhat warmer on Thursday; Friday fair, light south winds. Eastern Texas—Fair Thursday, with owers Friday; fresh south wluda on the coast. Arkansas—Fair ami warmer Thursday; flday showers and cooler. West Texas—Fair Thursday and Friday, crept rain and color Friday In the uufth* rn portion. North Carolina—Showers Thursday; Fri day fair and warmer. South Carolina. Fast and West Florida, Alabama and Mississippi—Fair and some what warmer Thursday; Friday lair. ice— Fair and warmer Thursday except rain in east portion; Friday rain. Kentucky—ltaln Thursday and probably Friday. West Texas and fc'outh Texas—Partly cloudy. WEATHER CONDITIONS. The weather over most of the country ist of the Rocky .Mountains Is cloudy and wains have fallen at a large number of sta tion* In the same territory, ltaln was falling this morning at t’orpua Christl and alvestoii. Tex.. Jupiter. Fla., Washington, 1). C„ Pittsburg, Davenport and Huron. At stations In the South the rainfalls been light. Now O rival j* Gnlvsstra Mobil** Harniiuuh f.'hitrkatnn Wilmington Norfolk Boston I'hllnilrtphln 6907 17191 807 9432 177$ 2779 16 50 2340 18371 566 19367 1082 3367 4467 *44 nortboro Minnesota southwest Into Mvxlco. East of this low tin* pressure Increases very slowly, lint Is below normal exeept over New York and New England. Moving In from the north Pacific const region is nn extensive area of high pressure whose Influence Is being felt ns far east ns west ern Nebraska. Freeslng temperature Is re- portetl at Yellowstone Park. Wlnoemuccn. Nev., nnd Modena, Utah; killing frost at Total 49727 49756 Modenn. The weather In this vicinity will be more or less cloudy with probably showers to night or Friday. Tbs following table shows receipts nt tbo Interior towns today, compared with the same day last year; Houston . Augusta . Memphis .1 20110 | NAMB OF STOCK. Auia Igalasted Copper.. Atlantic Coast Line. ,. American Sugar Kef. .. Anaconda American Locomotive.. do, preferred. , . . Araer. Smelting Kef. . do, preferred. . . . Atchison . do, preferred. . . . American Cottou Oil. . Canadian Paclflc. . . . Chic. A Northwestern.. Chesapeake k Ohio. . . Colorado Fuel k iron.. Central Leather -do, preferred. . . . £*■'• W.it o. Uh l-., Mil. It 81. K . . * lIllllUM. .. Dlatlller'a Hrcurttlrs. .. Brie do, preferred General Electric. . . . Illinois Central Aracr. Ice Beeuriglee. .. Louisville A Nashville.. Mexican Central Missouri Pa el Up, . . . 1 11F 140*4 I I'M* 1“ 1-3 M 207 SB M 1 167 ‘SB 146 98VJ aw a 134\ uX ids* 811 y ik 206 ) 206 «4! — $ 35*4 Ni> closing bid* today on account of wire trouble NAMB OF 8TOCK. .V V., Out. A Western. National Lead. . . . . . Northern Pacific. . . . New York Central. . . Norfolk A Western. .. Pennsylvania People’s Gas Pressed Steel Car. . . do. preferred. . • . Pacific Mall Heading Republic Steel Rock Island do. preferred. . . . United States Rubber. do. preferred. . . . Southern Pacific. . . . Southern Railway. . . do. preferred. . . . Sloss-Sheflfleld Tenn. Coal A iron. . . Texas A Paclflc. .... Union Pacific United States Steel. . do. preferred. . . . Western Union. Wubnsh do. preferred. . 139ft , . 96 . 141*4 • j ’ 6344 ‘.{37* . 152 214*4 139*4 9Gft 141ft Mii 53* MM MU Mtt 36W 3C.H ‘ 34 j 96Vil 96ft| y«fti 39ft 38*4 184*4 47Vi 47*s 46*4 107*4! Mft is $$* '«bva|:::::: 20ft t TICS FLASHED From Wall Street NEW YORK. The following t, the ranao In cotton fu i u a ! n § 5 ll Closed steady w.w iv..w „.... .10.20 10.M 10.04110.46 10.44-47 10. ,|10.2J 10.66*10.0710.4010.40-48 10. . 111.22 |».4? 10.22 lO.Wj 10.66-68 10. .iio.82|in«710.22 to.®) lo.ooea to. .,10.41 10.70 [10.31 1(1.6« 10.0667 10. ‘"■SOI 10.60110.50] 10.60' V<. fit) 10. ■3V10.76 lo.as'lp76 10,74-76110. LIVERPOOL. The following table gives the opening range and close, compared with yesterday’s Opening Previous Range. Close, close. , .5.51 -5.65 5.58 Nov.-Dee. . , Dee.-Jan... . Jan.-Feb... . Feb.-Ain reh. . March - April. April-May. . .Illlie-JiiJy Closed steady .5.48 -5.50ft 5.53 5.56ft .5.45ft-5.4Hft 6.51ft 5,64ft .6.77 5.62ft 5.55ft .6.48 -5.60ft 6.53ft 5.5Cft ..6.59 6.56*4 5.51ft .5.53 -5.55ft 5.6S 5.61 .6.54 -6.56ft 5.59ft 5.62ft ..5.56 -6.59 6.61ft 6.64 .5.58 -5.60ft 5.62 ft 5.65ft NOTES ON GRAIN Pointers on Provisions. Section Director. COTTON REGION BULLETIN. WARE * LELAND’S DAILY GRAIN LETTER. Chicago, Oct. 4.—Wheat—A little selling appeared early, due to Increased spring wheat receipts, and disappoint ing Liverpool cables, but there commission house buying of December that started the crowd to cover while the appearance of strength In North western and Patten buying in Minne apolis Induced same results here. Ad vantage was taken of the upturns, however, to dispose of long wheat, and It was not very well taken, although on the breaks and around 75 cents De cember shorts were disposed to cover. The market was very dull, with senti ment somewhat mixed over the export situation at the seaboard, as well as the spring wheat movement, not enough Interest being manifested by out-of-town operators to take a hand In the operations, hence not much more than a scalping market can be expect ed, and should prices weaken material ly, will allow of purchases being made. C’orn—Trade was very light, and with receipts light cash houses sold moderately, while Kansas 1’lty advices were bearish over an Increasing move ment In the Southwest. Oats—The market was firm, with good buying of the December kind, which started shorts to covering. The Ohio crop report of 46,000,000 bushels, against 48.000.ooo last year, attracted but little attention and there was good commission house buying. Provisions—Pit traders covered shorts In October lard, but sold Jan uary lard and ribs that were bought by Investors. Trade was rather light. LIVE 8TOCK MARKET. Chicago, Oct. 4.—Estimated receipt* to day. 14,099; market slow. 5e higher; qual ity fair: left over 6.678; bulk K.4O&6.70; es- limnte<l for tomorrow* 12.000; light hogs $6.3506.77*,i; mixed $6.30*76.85; heavy $6,060 6.V); rough $8.0508.30; pigs $5.8006.85; york- era $8.7006.75: good to choice steady $6,700 rattle—Estimated reeelpts today 6.0*); market' strong, shade higher; tieeves $40 7: rows $1.4004.60; heifers $2.4005.35; calves $5.5008.60; good prime steers $5.5007; poor to medium $405; stock tTS and feeders $2.60 ft 4.86. fibeen—Estimated reeelpts 22,000; market generally steady: quality fair: native $3'a 6.40: western $305.40; yearlings $5.3006.90; limbs $4.2507.50; western $4.2>07.4O. COTTON SEED o7L. Opening. Hosing. October 38 iQ.W i 38 038ft November 35ftfi36 35ft$36 December 34ft03f» 31 034ft January 34 034*4 33*034 March 334034 33*/ 4 034 May 33*034 334033% Sales 2.100. Closed very strong. STATIONS OF DISTRICT. •Atlanta, cloudy. . . •Chattanooga, cloudy. ••Columbus, cloudy. . Gainesville, cloudy. . Greenville, rain. . . . ••Griffin, clear. . . . •Macon, cloudy. . . . Montlcello, cloudy. . . Newnnn. ••loudy. . . . Rome, cloudy Spartanburg, cloudy. . Tallapoosa, cloudy. . Toceon, cloudy. . . . West Point, cloudy. . •Minimum temperatures are for t ie 12- hour period ending nt 8 a. m. this date. ••Received late (wire trouble); not In- eluded In averages. Ill if£ 2*1 AMantn Augusta Charleston. . . , Onlvoaton Little Rock. . . . Memphis Mobile Montgomery. . . . New Orleans, . . . Oklahoma Savannah Vicksburg Wilmington. . . . •Galveston •Little Rock. . . . Memphis •New Orleans. . . •Oklahoma ill /J r Dlst. Averages. HI •Ijiti* reports, October i REMARK8. Temperatures were 8 to 19 degrees higher linn for previous 24 hours In most districts, /here was practically no rainfall over the western half of the i>cR. and the amounts In other districts were light Chicago Inter-Ocean says: "Claims of 800,- * bushel* of wheat being sold for export at the Atlantic and Gttif ports were made Testerdav. It covered the business of two lays and Included 400,000 of No. 2 hard via the Gulf. There were nlso sales of nil Vinter at New York. Export sale* of corn vere 56,000 and oats 39.000. Cash bu*lness In h [ cu £ 0 ' v “* 0,11 T W.OOO wheat. 50,000 corn und 15.000 outs. A bear pool In cotton has been active In sew York all this week. It sold 100.000 bales on the advance n few day* age, which the market took and went up nearly 50 points more. Yesterday was renllslng'dav and prices dropped 30 to 40 points and clos ed within a fraction of tue low figures. Galveston Is doing the principal export business III Wheat. In two days It has cleared 913.000 bushels, while Its receipts were 247,000 bushels. HealHinrd interest* s«dleri^j»f^ wbeut here yesterday in tin Tr effort to force prices dov where they could roach export bids. basis of $5 for hog*, fror eight days rniu has been fslllng throughout the Mississippi vnilev and reports coming In from i*olab <l districts say there 1ms been heavy damage "«<* 7»rn. John IV. Kldrldgs. «»f Wand Walter Clara, of Clnrksda e, Miss., president of the Missis slppl division of the Cotton Growers' Asso ciation, estimate the damage to the cotton crop in Mississippi nt 25 per cent." I’rlce Current says: “Weather for the past week was less favorable than previ ous for securing corn, the rains being help ful where wheat seeding wn* not complet ed. also seeded portion enlarged area of wheat Indicated. Farmers expecting higher wheat prices more than otherwise." J. H. Ware snvs: “Though n bullish sit- nation wan alowly dereloplng in ram, front has held off practically everywhere and this tulld weather Is not properly curing tho crop. Huy oat* also.” Oats Ann; offering* light; some baying hv small receiving houses; selllug mostly pit crowd. IjOuIsvIIIc, 25 i*er cent section.—Ware A Lelnud. CHICAGO GRAIN MARKET. „ ^..Irago grata for today follow: Previous Open. High. Low. Close. Close. W HEAT— Dec ;5ft 75ft 75 75 75ft May 79ft 79** 73 79ft 79ft CORN- * May July OATS- Dec May July ♦3ft 43ft 43ft 43ft 3% 34ft 33ft 8.92ft 8.87*5 I'OKK- Ja«.... 13.42ft 13.42ft 13.37ft LAUD— Get.... 8.95 8.93 8.90 Nov... 8.57ft 8.57ft 8.50 Jan... 7.92ft 7.92ft 7.90 KIDES- Oct... 8.20 8.2 ) 8.07ft 8.15 8.25 7.17ft 7.20 7.13 7.20 7.17ft i ASH WHEAT- No. 2 red 73*4074: No. 3 do 72073ft; No. 2 hard winter *3078: No. 3 do 72075. CHICAGO^CAR LOT8. Today. Totnor. Ja u.. NEW ORLEANS. The following la the rang* la cottou fa- tnree In New Qrleanw today: i 5 aJS A’ o .ns,i .45 1 3 35 23 S'! 10.45 47110.09-11 ,,1n tu "' *'*.11-12 19.(6 19.48(10.48-49!. 10.14 10.58 10.57 58 1 J u2> p ».:•*; :-7 I7.IU.92 10.39 l 10.86.10.79 8l 10.4$49 | j j 19.99-92* 10.5S-W SPECULATIVE MEN GOT’ A SETBACK New Orleans, Oct. ♦.-Tim Times Demo crat says: "There being no tension, the fmy having spent Its force, yesterday's cotton market supplied needed opportunity for the calculation of losses. America hav ing backed the bearish view, American* rfh ami smith paid the piper a pretty f Hire foi robahly ha ofore. "I’mspeetlv ■ de- inter- po* be Mplnncr and the forelgn- Il.v, appear to have profited Ini- “ e rise In value*, and now lea* to worry over than here- LIVERPOOL GRAIN MARKET. Wheat—ripen, * 4 higher; 1:30 p. m., >r: closed ft lower to uuehutiged. t'orn—Open, unehangml; 1:30 p. NEW YORK COFFEE MARKET. for to« GIBERT & CLAY’C DAILY COTTON LETTER. New Orleans, La., Oct. ♦.—The de mand for spot cotton since the present advance began ha* Increased In the foreign market to such proportions that options have been restrained from fully ^responding to declines In the American inarkets. Opltons closed three points lower, while spot sales amounted ta 10,000 bales at a decline In quotations of 12 points. Despite the unexpected strength de veloped abroad opening prices In the local market were In no wise affected, and under the Influence of a favorable weather map a fair decline occurred. However, the severe punishment meted out to shorts of late has caused thorn to be extremely cautious and even nervous. This was exemplified when the weather forecasts for tomorrow were published, indicating further wet weather. Immediately there set In general buying to cover with a con sequent rapid advance In prices. Nevertheless, there developed In fhe GIBERT & CLAY If K. ALABAMA AT. STOCKS. BONDS. ATLANTA. OA BCRfti 'binge |Ncw Orleans Cotton Exchnnge.lChlcafO Board of Trade, change. I New Orleans Stock Exchnnjje. I Liverpool C®R?®_AMoeiatlos Now York Stock Bxch*nga.|N w York Coffee Exchange.!N'air Orleans Board of fra3e.|(Talve*ton Cotton Exebanga Private Wires to all Exchangee. Local and Lona Dlatanoe Telephone 5298. W. R. FAGAN # Menager. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA. GEORGIA. New York. Oct. 4.—The i?offeo market opened steady at an advance of 5 point*, and luerensed the gain to a matter of 10 015 point* during the early session on n scattering demand, hi the absence of Im porta nt offerings. Buying was encouraged by valorisation new*. Trading wu* not active here, and comparatively small buying orders went hard to execute at the uiarke* ‘ * Clay. . Following la the- opening range and close of the New York coffee market day: Opening January .. ..6.606.70 • February 6.65-6.75 March 6.75-6.80 April 6.75-6.90 May 6.90 June 6.85-6.90 July 6.« August t.OO-7.9 Hep fern her <-06-7.16 Oetolter 6.49-6.50 November 6.50*6.55 ‘ iwember 6.60 Closed steady. in ip 6.85-6.9*1 6.90-6.96 6.95-7.00 7.00-7.06 7.06-7.10 7.10-7.15 7.15-7.20 6.50A69 6.60-6.65 6.65-6.70 WARE A LELAND’S DAILY COTTON LETTER. New York, Oct. 4.—To properly un derstand the present market It is nec essary to state that when the option list passed 10 cents early In the week, a number of operators sold abort on the theory that a reaction could be expected at any moment. When the covering continued and whirled th market to 10 1-2 these operators unit ed In bringing about a dec line In order to enable them to get In their cotton. As the market hud advanced a cent and a half very fast und the short interest had been greatly reduced. It wus not difficult to bring about such a decline, A bear raid at the close last night and another this morning carried Decem ber 55 points from the high level und In jibout two hours this morning a recov ery of over a quarter of a cent took place. When the shorts found the tr ket could be driven no further, they began to buy and prices ran up very sharply above 10.30 for both Decern- her and January'. A feuture of the day was the advance In October of some 8 or 10 points over December and an ad vance In December to within 2 or J points of January. As long as this situation continues efforts to depress the future market are likely to prove unavailable. The market has all the earmarks of a bull market and should be treated ns such. Some very good people talk much Jilgher prices event ually. THE PRIMARY MOVEMENT. The following figure* give the primary luovemeut of wheat and corn today: Wheat—Receipts 1.046.000 bushels, ngalnst 1.431.000 bushels Inst year: shipments 608.- <8)0 bushels, against 415,00*) bushel* last t’orn—Receipt* 329,009 Ixishel*. agnlo*t NORTHWEST CAR8. Duluth 301 280 C. E. Cofman, of Bainbridgt. Special to The Georgian. Balnbrldge, Ga., Oct. 4.—C. E. Cof man died here on Tuesday. He had been 111 with fever for a week when complications set In which cuused his death. He had been cashier in freight department of the Atlantic Coast Line here for two years. Mr. Cofman was 26 years old. HI* remains were car ried to Pulaski, Tenn., his obi home, for interment. r logica tendencies und the belief rh«t the •ottou more freely, sent net In** of Home $_• The situation I* now Involved by the fact that New rirfenn* spot cotton at frtftc, when compared with the dUtHiit mouth option premium*, looks cheap enough. Savannah quotes the actual stuff nt !0 3-16c. while Galveston, with un early and large move ment. 1* selling It nt 19fte, The outlook Is not clear. The weight of real cotton. In the absence of continuous big demand, should work against the price. The old landmark* have been obliterated, and the nee of the speculator of today Is made up largely of anrh stuff as dream* nro made of, and affords little guaranty of np preeltttlve safety."—Ware & Lelnnd. Private Wire to GIbert & Clay. New York, Oct. 4.—Disappointment over several feature* Wednesday may be ef fective In produrlug through aeutlment some further reaetluunry operations In the slock market, but we strongly advocate the purehnse of good stocks on this reac tion when weak, although we again caution you against buying on the bulges or being greedy for more than reasonable return*, a* the market I* professional, mot than it ha* been for some weeks, but the prospect of Increased outside Interest and evidence of banking bullishness of the conservative kind. Development* this morn ing show that the expectations ns to the ore deni niinouncmienf. a higher divi dend on Atchison, et#.. were stronger than generally supposed, and sentiment In a pro fessional market I* often easily upset tem porarily. but we have stroug evidence of In side buying on ii scale down, and believe that offer lug* will I** few when the short interest that was extended yesterday tempts to regain Its stock. The New York »-*• •—*«*»i buying of Houthi ... tip* that the stock tvlll still higher llnrrimnn Interests bought Union Pnolff on thl* recession, and we think It should sell above 2 . Atchison might be left alone till It finds its level under t~ *d by speeulatl . inpport was reported toward the close, ’upper tliouhl be bought wheu weak, a ■ ~ 1 * *~‘ place. ns to us, Iii a natural rcnc- would buy It when weak. St. Paul Is In the trading position ns yet, meeting some stock toward 177, with sup port toward 170. Good buying of Krle occurs. Pennsylvania welL held, and should lot taken to.vard 141 with a small stop. If de sired. Support Is report by specialist In Read ing around 150. Morgan Interests should buy Steel today again. We would take It when weak only until the absorption of the stock around the 48 level occur*. We c</nrliim > bullish on Canadian Pacific and llnltlmore and Ohio. 1 »ow-J*oiies* Huiuniary: American stocks In tendon firm, ftUftc Foreign market situation Im- Pnlted States Steel unfilled order* larger than ever. Light demand for stoeks in loan crowd. Flection betting still 2 to 1 on Hughes, with little llearst money offering. Home talk of declaration of dead by Bethlehem Steel at the tors' meeting. On present price of copper earnings of Amalgamated Copper In first six month* of next year shoiibl be $26,000,000. Expected Northwest stockholders will get rights on new Issue Gobi movement no $17,315,00** of engagement* Canadian I’nelfie earnings fo f September Increased $398,1*00. Twelve Industrials deellited .2** per cent. Twenty nctlvo railroads declined .33 per ••nt. New York, rict. 4.—We may aee some further small recessions today, owing to disappointment over Atchison dividend, and failure to announce ore deal, but believe It will prove temporary, and recommend buying on soft spot*. v total* $49,009,009, with nts still to arrive. fourth week LUST RULES STRONG New York, Oct. 4.—Real buying and teal selling alike were at a minimum In today’s market. Such operations as those were originated with the profes sional traders, and among this class there appeared tea be a pronounced di vision of oplnlonfas to the Immediate drift of prices. At some moments the rnurket presented an appearance of heaviness, and at other moments an appearance of strength, but the fore noon In reality was occupied with a series of fitful fluctuations within an extremely narrow range. Neither factlop of professional deal ers, one working for a rise and the other for a decline, seemed strong enough to make any headway, and by midday prices were within small frac tions of where they left off last night. The failure of the Bank of England directors to advance the discount rate helped the foreign marketn, but had little influence here. With the set tling down of call money to a 6 per cent basis and with the almost entire disappearance of the premiums on time loans, the money question no longer played a part in speculative calcula tions. New York, Oct. 4.—Stocks Irregular all through the first hour, and strength display ed In various group*. While a number of *l>eclnltlc* were decidedly weak. United State* Rubber was a prominent feature, ng as low as 49ftc, against 54ftc yeo- ny. it* llnrrimnn stocks continued In ur- gent demand. The buying of these Is sues and Ht. Paul apparently came from LONDON 8TOCK MARKET. STOCKS— AnMeutiilllil Atehlsou Canadian Pacific. .... . MU. and Ht. Paul Erie Illinois Central Louisville uud Nashville. . . Reading Pennsylvania Southern Pacific... .. .. .« . Union Pacific United States Steel. . . . do. preferred Buying orders will pfob- Ohlcago, Idy be sent In on the slight advances m Loudon and the btnnk rate unchanged at 4 per cent. Enough disappointment over the Atchison dividend to nente lower prices for the shares, n disposition l>elng •cut proposition. Advices from well posted parties are hull- *h on Kteeln despite the delay In the deal and look for good buying In the common on dip*. Coppers do not show giusl action and It Is possible that they can Im* Isinght lower down. Present Indications favor a good bank statement.—Ware A Leland. Jams* Gatman, of Gadsdan. Special to The Georgian. Gadsden, Ala., Oct. 4.—James Gat- man, aged 65 yonrs, tiled nt his home near thin city Monday, after a nhori Illness. Mr. Gatman was a stone ma son by trade and built the piers for tlm Coosa river bridge In thin city und many public buildings throughout this section of the state. H n Is sur vived by a widow, ono daughter and four son*. SOUTHERN EXCHANGE Oldeat Eatablt.hed OITIco South. conos—STOCKS—BOROS —GRAIN Ground Floor Qould Building. Dally market letter and market manual mailed on application. L J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN CorrespondeBt's Capital $250,000 REFERENCE. THE NEAL BANK PHONE I41T- PRUDENTIAL BLOC local spot situation considerable In quiry tor cotton. which later became, an Insistent demand, and this healthful nnd newly created influence was also largely responsible for the higher levels attained. The weather also continues •vert considerable control over the movements of the trade. Already the belt ha* experienced too much rain, and where damage ha* not actually re sulted .serloun delays in field work havo occur 3J Compound Interest l> ths rata your money will draw if depoiltad in the 8AVINQS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and Inepeet our quarters and investigate our facilities to serve you. A hearty welcome awaits you at this bank. ASA G. CANDLER, Prealdtnt. W. H. TATTERSON, Vice-Prea. A. P. COLES, Cashier. JOHN S. OWENS, Vlce-Pret. WM. D. OWEN8, Aeet. Cashier. REALIZING OF PROFITS WA8 CAUSE OF DECLINE New York. Get. v—The Kmii says: "Real- Jxhig of profits hail more than northing else to do with the decline hers and |u New Orleans and Liverpool- Tbur* was nothing surprising about thnt, after the almost phenomena! ndvalictft of Into. Not selling, however, both nt L was against actual cot- nsnoftons. Rears were emboldened to sell again; the New Orleans estimate for today l H rather large, even of those for Houston and Galveston are not. and the weaker take It nil In, and there was less threatening. "Yet some rains were report ed In the central portion of the belt, and nlao in the Atlantic states, and leports are per sistent that the recent I4g storm did it good tlrnl of damage. Ifaw much la not <•**? to determine, out bear* Inslht that even |f what they regard ns an extreme estimate of 609.009 bales, should prove true, there would still be an ample simple to meet the world* requirement*, nnd leave n good surplus to carry over Into next season. "The short Interest hn*. of eourse. been considerably reduced within the pant four or Are day*. Hulls, however, maintain that there (■ still n very large Interest of this sort on both side* of the witter, an interest not easy to stniiiiiede but which could be forced to cover, should bad weath er ngnlii set In or anything else occur se riously to alarm Interests which Include a gojMfmnnjr people of linportauco In the cut- "Wall street nnd other hulls, the Houth New Orleans, Liverpool, nnd. In fnet, pretty much everybody who operates in cottmi. sold not only beennke the weather In *he innln wn* better, but also because n roue- Hon seemed to lie due after a rise of lfio point* Mom-hester splum-rs are evidently more dlspo*«H| to buy."—GIbert k (’lay. 1 STOCKS REVIEWED BY NEW YORK SUN stock market was generally weak ye*tep day. nearly all the prominent issue* declin ing to a greater or less extent. The pre vailing explanation of the fall was tha s|MTufi»tlve dlsapoplntnieut th»t existed over the failure of the director* of the Atchison to Increase the annual dividend on the company’* common stock nt fbejy meeting yesterday to 6 per ceut. Ultra con servatism has, It seem*, triumphed In the Atchison*' counsels, nnd there can hardly be any doubt of course thnt In the long run yontonlny’M decision will not be regretted. The development led to a considerable lessening of confidence that the Amalga mated ropper dividend would lx* enlarged Iii the uenr future, while a sharp fall In the price of Unit*! State* Rubber com mon Mtock,, a security concerning which dividend rumors have recently been very active, was taken a* an Indication that these stories had not bad an ovcr-stabla foundation. Finally the rank and tile of market oper ators were plainly perturbed a llttlo over the lock of qn official announcement In 1'nlted State* Steel Corporation, Whether factora or from tha the market of a walv# result of then mere sweeping > __ ______ of pessimism, start ed hy unseen causes, there was large selling of stock* throughout the day. with a final record of losses In prices at the clone, as described.—GIbert A t’lay. THE 8UGAR MARKET. John Robsrts, of 8partn. Special to The Georgian. Sparta, Ga., Oct. 4.—John Roberts, one of the moat popular young men In this section of the state, who has been confined to hi* room for the past weak with inalnria! fever, succumbed Tues day afternoon. Mr. Roberts’ condition up until a day or two ago was not thought to be serious. Placing Ordtrs for Tobacco. Rpeclnl to The Georgian Balnbrldge. Oa., Oct. 4.—Next year promises to be the best in the history of the county for the farmers in the tobacco section. A. Cohn A Co. and other tobacco companies are already contracting for next year’s crop at an advance of 4 cents per pound over the price paid for this year’s crop. WM. L. PEEL, President. ROBERT F. MADDOX. Vice President THOMAS J. PEEPLES, Csshler. JAMES G. LESTER, Assistant Cashier. JAH. p. WINDSOR, Assistant Caahtsr. MADDOX-RUCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi- annually in our Savings Department. Safe Deposit Boxes For rent in our vaults in ibe 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. COTTON ft MERCHANTS Atlanta Office,, 219-221 Century Building. Member, New York Cotton Exchange, New Or HUBBARD BROS & CO. leane Cotton Exchange. Liverpool Cotton Alto* elation, Chicago Board of Trade, Ni fee Exchange, New York Produce Exchange. _ . iflcT -' - - mgt I Co <icw York Cot- Kutineee aolicked for the above exchange,. Direct wire service. Correspondence invited. Phone, 454. Long Distance59. A.S. Hu,face, ' Mgr. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, Prnldent A. B. THORNTON, Vlc-Preiident. H. T. INMAN, Vice-President. GEO. R. DONOVAN, Cashier. JAMES S. FLOYD, Ase't Cashier. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. j