Newspaper Page Text
THE ATLANTA GEORGIAN.
rncnsDAT, October 4, wee.
11
CM CM
ITIMHIEHEST
r „ r ,. net. 4.—Influenced by tin
S'* ,T « Pn , cables, the b»'*l cotlot
-KfrtLfiT *®M r< lln, *L blrhrr. Th<
”P rk,,t r X. mtrnnre at Uri+pool irae only
hAr nreeitire beeemJt* no heavy
temperar;. , that W |ttaln live inln-
,rM I?,er tlie <■*». ,lie lyUty T a,, “
«t« I.imv ve«terdny-» elning, .level.
•etv'-L'if .,‘hoofh the llnnlilntlon hart
gSai»“ "*
. was due to come 12®13 |>olf)te
Liverpool ^ (n ,[^ n decline of the
lower In yesterday. Was lietter
Antrrlrstt a j ,unmet openluli at 8Vi
t6»". fewer and closing 39314 points lower
d n, ".he SreJtoJi* closS. The local cotton
2rtet S oiten«3 about as expected on Ur-
rtP"*’!'" 'from’‘'Liverpool were surprisingly
a end railed for an advance of about
r*l. aad rautpt „g llB the water, hut
1" Ka'Jtf the advance, first trices wert
Instead et tn- F Later In the moru
mcMnsed ' , hen re sent the price
IM; , h ili neccmber going to m.oS, ns com-
»®J°'"fib To il it the* closing yester-
~ ■sast s.?,.-, 1 .
Sr**.*
months lu open
October November
Siffuff?.: 8M
tn the active
High. Low.
5.54 5.45
5.55 5.46
5.59 5.50
5.63 5.54
Estjmsted^Racsipts ForTomorrew
..124.01)0 to is.oin
..17.700 to 18,700
. .1 6,500 to 8,000
1905.
10.926
SPOT COTTON MARKET.
, 1,'nr.inol spot cotton eaeler: middling
Vl.a. p ?Md- rales 10,000; Amerlenn 7,800;
jSl/tlon aid export Mi; receipt. 19,100;
“'luCmT.eadr .(t lO J-Me.
Vcw York, gnlet at lO.flae.
Jew Orleans. Arm Jt JJStc.
Savannah, ideady !’.!£,
Si. Louis, ipitet nt Knee.
Boston, quiet St W.Mo.
Houston, *'asy at 10%e.
Memphis. tlr.natlOWi
Baltimore; nominal at 1014c.
llalroaton. *tendjr *t »«*c.
Mehllc. llrm at IOC.
Norfolk, atondy at 10 316c.
TODAY’S PORT RECEIPTS.
ns following tnlnc shows receipts at the
ports today, compared with the same day
last year:'
ftirnnnnh . . . .
Charleston . . .
Wilmington. . •
Norfolk
Ponton
Philadelphia . . ■
Total .
1905
“SiT
10367
1052
3367
4467
interior movement.
The foil,,wing tnnte shows receipts at the
Houston . .
AnguMn . .
Mrmphfft .
337
15625
4397
1616
45
453
NEWS AND GOSSIP
Of the Fleecy Staple.
New York, Oct. 4.—Liverpool at 12:33 p.
m. was 5 to 6 points lower; was due 11 to
12 points lower. o n this ImsIs .New Vorf
•hould open 12 points higher.
The New York Commercial
ernl buying In the mhrket for th
Is not largr *
Ing dlspai;— xu „
question of what ahull be done on staple
lines of soring merchandise Is uppermost
•with tJio Jiirge opera torn mnl for the mo-
seller will attempt
Edited by ,
Joseph B. Lively
MARKETS
Mr. Lively** twenty-five
years* experience of ed-.
Itlng markets In Atlanta
and the South has made
him n recognized au-
thortty In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Went neither buyer
forecasts or depart from the rule of mod
erate trading where It Is necessary that
orders shall be given uow to cover need
that are certain.
New Orleans, Oet. 4.—Report* comltii
from neighboring towns In Mississippi am
Louisiana, which suffered from the late
hurricane, reduce the estimated damage
done, which, It seems, was greatly exagger
ated.
.New York, Oct. 4.—Weather clearing and
•lightly warmer, ami plant can't stand cold.
New Orleans, Oct. V—The census bureau
report tomorrow will Issue a report on
stocks and consumption of
Cables are very favorable, mid crop news
Is bad. Many points in Mississippi re
ported flooded lowlands mid cotton rotting
and sprouting in the bolls. We ought to
do better by 8 or 10 points ou the open-
flay wood. Vick & Co. are doing the ham
mering. At least, 630 or 700 bales of spots
were sold after hours .yesterday.
THE WEATHER.
LOCAL FORECAST,
For Atlanta and Vicinity—More or less
cloudy, with probably showers tonight or
Friday.
WEATHER FORECAST,
Georgia—Fair and somewhat warmer
weather Thursday; Friday fair. Light
south winds.
Louisiana—Fair nnd somewhat warmer on
Thursday; Friday fair, light south winds,
Eastern Texas—Fair Thursday, with
showers Friday; fresh south winds ou the
const.
Arkansas—Fair and warmer Thursday
Friday showers and cooler.
West Texas—Fair Thursday and Friday
North Carolina—Showers Thursday; Frl-
iy fair and warmer.
South Carolina. Fast nnd West Florida,
Alabama and Mississippi—Fair and some
what warmer Thursday; Friday lair.
Tennessee—Fair and warmer Thursday
except rain in east portion; Friday rain.
Kentucky— Kulu Thursday and probably
Friday.
West Texas and S'outh Texas-Pnrtly
cloudy.
WEATHER CONDITIONS.
The weather over most of the country
east of the Iloeky Mountains Is cloudy and
rains have fallen at a large number of sta
tions In the same territory. Unlit was
falling this morning at Corpus Christl nnd
Gnlvestou, Tex., Jupiter. Fla.. Washington,
1». c„ Pittsburg, Davenport and Huron. At
most stations in the South the rulufalls
• been light.
__ trough of low pressure extends from
northern Minnesota southwest Into Mexico.
Knst of this low the pressure Increases
•ry slowly, but J» below normal except
...er New York and New England. Moving
In from the north Pacific const region Is
nn extensive area of high pressure whoso
Influence Is being felt ns far east nn west-
•rn Nebraska. Freezing temperature Is re
ported at Yellowstone Park. Wlnnemucca.
\*ev., and Modena, Utah; killing frost at
Modena.
The weather In this vicinity will be more
or less cloudy with probably showers to
night or Friday.
COTTON REGION BULLETIN.
.1 20120 | 21086
WARE A LELAND'S
DAILY GRAIN LETTER
Chicago, oct. 4.—Wheat—A little
selling appenred early, due to Increased
spring wheat receipts, and disappoint-
Ing Liverpool cables, but there was
commission house buying of December
that started the crowd to cover while
the nppearnnee of strength In North
western nnd 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 nnd 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 he expect
ed. and should prices weaken material
ly. will allow of purchases being made.
Com- Trade was very light, and
with receipts light cash houses sold
moderately, while Kansas City advices
were bearish over an increasing move
ment In the Routhwest.
<>ats—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 48.1)00,000 lost year, attracted
out little attention and there was good
commission house buying.
Provisions—Pit traders covered
inerts in October lard, but sold Jan
uary lard and ribs that were bought
ny Investors. Trade was rather light.
LIVE STOCK MARKET.
fcfv market slow
by fair; left over 5.676
>w, 5c higher; q
j J, ''W-TS; good to choice steady $6.70#
J 1 ' * f 1 n,n 1 — 1 receipt, train? 6,1*91;
■ ""»• »hart* hl*hi>r; I woven 14®
fesvsSVi** Vfl 4- M : 12.4095.35; cnlVe*
in „ I'vlmv steer* |5.50«7; poor
^medium Her,; moekern nml feeder* 12-60
ghrri
COTTON 8EED OIL.
Opening. rtoslng.
«3S«4 35 »3*4
’ r K%«3« 364«36
r *4#l35 34 $34>/4
4734V* 33*634
33V44r34 33»44fcM
33^34 33«Jtf33'*
Hosed very strong.
STATIONS OF
1 ATLANTA
DISTRICT.
•Atlanta, cloudy. . .
•Chattanooga, cloudy.
••Columbus, cloudy. .
Gainesville, cloudy. .
Greenville, rain. . . .
••Griffin, clear. . . .
•Mnron. cloudy. . . .
Monti cello, elotidy. . .
Nownnn. cloudy. . . .
Rome, cloudy
Spartanburg, cloudy. .
Tallapoosa, cloudy. .
Toccoit. cloudy. . . .
West Point, cloudy.
Max. Min.
1i 6T
ill
Minimum temperatures arc for the 12-
hour period ending at 8 a. m. this date.
4 ? =
||i
Atlanta
Augusta
Charleston
Galveston
Little Rock
Memphis
Mobile
Montgomery. . . .
New Orleans. . . .
Oklahoma
Savannah
Vicksburg.. ....
Wilmington. . . .
•Galveston
•Little Rock. . . .
Memphis.
Is?
£~ x
•Late reports, October 3.
REMARKS,
) were 6 to 1C . „
previous 24 hours la most districts.
NAMB OF STOCK.
Amalgamated Ctapet..
Atlantic Coast Lme. ..
American Sugar Ref. ..
Anacouda
American Locomotive.,
do, preferred. . . .
Amcr. smelting Ref. ,
do, preferred. . . .
Atchison
. do. preferred. . . .
American Cotton Oil. .
Amor. Car Foundry. ..
Halt (more Sc Ohio.
/(•ratio ruei Ac iron..
Mitral Leather
ao, preferred. . . .
talc. & Great West'll.
General Electric.*
Illinois Central. ....
Amer. Ice Securities. ..
Louisville Sc Ns»!>vllle..
112 I 113%
140VP Wi
33!
St
i m
$
22*
No closing bids today on account of wire trouble.
NAME OF 8TOCIL
N. Y., Ont. A Wes ter u.
National I.eud
Northern Pacific. . . .
New York Central. . .
Pressed Steel Car.
do. preferred. .
Pacific Mall
Rending.
Republic Steel. . .
jo. preferred. . .
Sloss-Sheffleld. . . .
Tenn. Coal A: Iron. .
Texas & Pacific. . . .
Union Pacific
United States Steel,
do. preferred.
W^at^ru Ualou.
Wabash
do. preferred.
NEW YORK.
!• tb .* rna *° id, cotton fa-
tures In New York today;
Oct. . . ,
Nov. . .
I »ee. . .
Jan. . .
Feb. . .
Meh. . .
May . .
June . .
July . .
< 'lowed
lllls Ml £
10.20 10.57110.10(10.45110.41-50
10.00 10.30 10.00 10.30 10.43-46
10.20110.54 10.04 10.46 10.46-47
10.23 10.55'10.07)10.46 10.46-48
10.22 10.47 10.22; 10.34; 10.56-58
110.32 10.67 10.22 10.60110.6J-62
10.41110.76 10.31110.66 10.65-67
10.30 10.50| 10.60; 10.60' 10.67-69
10.09-10
10.0d-os
10. OS-09
10.12-13
10.21-21
10.26-27
PXr.-3.5
- ... .... .....I,-.. 10.33-4*>
l 10.35[10.76il0.35;10.76 10.74-76i10.43-45
LIVERPOOL.
Close:
Futures opened quiet and steady.
Opening Previous
”ange. Close. Close.
October...
Oct.-N’ov..
Nov.-Dec.
Closed steady.
3 5.C6*
.5.454-5.48* 6.61* 5.64 f
.5.77 -3.40 5.634 6.55'
. .5.48 -5.50* 5.534 5.56'
. . .6.59 -6.524 6.554 5.5S*
. .6.53 -5.554 5.58 5.61
. .6.54 -5.564 5.594 5.624
....5.56 -5.59 5.614 5.64
. .6.58 -5.604 5.624 5.65'
NOTES ON GRAIN
Pointers on ProvlalooB.
000 bushels of wheat l»e1ng sold for export
at th** Atlantic nnd Gulf ports were made
yesterday. It covered the business of two
days nnd Included 400,Ott) of No. 2 hard via
the Gulf. There were also sales of red
winter st York. Export sales of et*rn
were 56,000 and oats 30,000. Cash business In
Chicago was only 10,(MX) wheat, 50,000 corn
nnd <5,030 oats.
A bear pool In cotton has been active In
New \ork all this week. It sold 100.000
Imles on the advance a few davs age, which
the market took nnd went up nearly 50
points more, lesterduy was realizing day
and prices dropped SO to 40 points nnd clos
ed within ii fraction of the low figures.
Galveston Is doing the principal export
business In wheat. In two (lays It haa
cleared 913,000 bushels, while Its receipts
were 247,000 bushels. Seaboard Interests
tverc sellers of wheat here yesterdny In nn
effort to force prices down to a point
where they could reach export bids. Trad
ing In May pork has started, sales being
made yesterdny at 13.50, which Is on a
basis of |5 for hogs. For eight days rain
has been falling throughout the Mississippi
valley and reports coming In from Isolated
districts say there bns been heavy damage
l?..V ot .V >n nnd oorn. John W. Eldrblge, of
Hill House, Miss., and Walter Clark, of
Unrksdn e, Miss , president of the Missis
sippi division of the Cotton Growers' Asso-
elation, estimate the damage to the cotton
crop iu. Mississippi at 25 per cent."
FrIce Current says; "Westher for the
post week was less favorable than previ
ous for securing corn, the rains being help-
ful where whent seeding was not complet
ed, also seeded portion enlarged area of
whent Indicated. Farmers expecting higher
wheat prices more than otherwise.”
.1. H. Ware says: "Though s bullish sit-
jUMlon was slowly developing In corn, frost
has held off practically everywhere and
this mild weather Is uot properly curing the
crop. Iluy oat* also.”
light; some buying
111- muir KcctTlof Vonwt;'nlUnc mostly
Pit ’*
NEW YORK COFFEE MARKET.
Temperatures
than fo '*■
There
In other districts
llv
1 be
rainfall
the
irero light.
J. I*. MARRURT,
Section Director.
GIBERT & CLAY'C
DAILY, COTTON LETTER.
New Orleans, La., Oct. 4.—The de-
mnnd (or spot eotton slni-e the present
advance began has Increased In the
foreign market to such proportions that
options have been restrained from fully
responding to declines In the American
markets. ’Options closed three points
lower, while spot sale* amounted to
tn.nni) 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 *horts of late has caused them
to he extremely cautious anil even
nervous. This was exemplified when
the wenther 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 the
GIBERT & CLAY
* ALABAMA ST.
New ** c b*ng«JNsw Orleans Cotton Exchange. Chfcsga Etos
N«W Yoru r£U on SS Icb * n **M N>w Orleans Block Exchange. Liverpool Co 1
org Coffee Exchange.|.\>w Orleans Board of Trade.|l»alveston C«
i.... . . _ Private Wires to all Exchanges. ..
***' «"* L*n fl Distance Telephone 5298. W. R. FAGAN. Menenarv
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. • Bell Phone, Main 858.
ATLANTA. GEORGIA.
STOCK*. BONO*.
COTTON. CHAIN,
COFFEE, PROVISION*
ATLANTA. OA.
Cotton Association
Cotton Exchange
New York. Oct. 4.—The coffee market
opened steady at an advance of 5 points,
and Increased the gain to a matter of 10
#16 points during the early session on a
scattering demand, In the absence of Im
portant offerings.
Huylug was encouraged by valorization
news. Trading was not active here, nud
innratlvely small buying orders were
hard to execute at the market.—Glbert 6c
'lay.
Following Is the opening range and close
of the New York coffee market for to
day:
Opening
Range.
January 6.69-6.70
February. 6.66-4.76
Close.
6.70-6.75
6.76-4.85
CLOSED LOWER
CHICAGO GRAIN MARKET.
WHEAT-
Doo 754
May 794
CORK—
Dee 43
May 43*
July 44
OATS—
Dee 344
May..... 364
754
794
$ JT4
44 44
34% 34%
35% 25%
314 33?k
.eARD—
Oet.... 8.95
Nov
Jan.
SIDES—
Oct.... 8.20
... 8.95 8.95 8.90 8.924 8.924
... 8.574 8-574 8-50 8.524 8.874
... 7.924 7.924 7.90 7.924 7.90
8.29 8.074 8.15 8.25
4m 7.29 7.15 7.20 7.17%
ASH WHfcAT-
No. 2 red 7I%«74; No. 3 do 720734; No.
»r 7C(g78; No. 3 do 72075.
2 hard winter
CHICAGO CAR LOT8.
Wheat
Corn ..
oats ..
Ilog, ..
Today. Tomor.
LIVERPOOL GRAIN MARKET.
_ lower to unehniigod.
Corn—Open, mu-hanged; 1:30 p, m.. un
changed to 4 higher; close, 4 lower to un
changed.
THE PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat and corn today:
Whent—Receipt* 1,946,000 bushels, against
1.431.000 bushels last year; shipments 608,-
000 bushels, against 415,000 bushels last
year.
rorn—Roeelpts 329,000 iMishefs, ngnlnst
..i,000 bushels last year; shipments 251,000
bushels, against 325,00) bushels Inst year.
N0RTHWE8T CAR8.
May
June
July
August
Keptembor. . .
October
November
December
Closed steady.
. ...6.90
.. .6.85-6.90
.. .6.96
7.00-7.05
7.05-7.10
7.10-7.16
7.16-7.2)
6.60-6.65
6.60-6.65
6.65-6.70
WARE & LELAND'S
DAILY COTTON LETTER.
New York, oct. 4.—To properly un-
deratanil the present market It I* nee
essary to state that when the option
list passed 10 cent* early In the week.
a number of operator* »old abort on
the theory that a reaction could be
expected at any moment. When the
covering continued and whirled the
market to !0 1-2 these operators unit
ed In bringing about a decline In order
to enable them to get In their cotton.
A* the mnrket had advanced a cent ami
a half very fast and the short Interest
had been greatly reduced. It wa* not
difficult to bring about such a decline,
A bear raid nt the close la*t night and
another this morning carried Decem
ber 55 points from the high level and in
about two hour* this morning a reeov-
erv of over a quarter of a cent took
place. When the short* found the mar.
ket could be driven no further, they
began to buy and prices ran up very
sharply above 10.30 for both Decem
ber and January. A feature of the day
was the advance In October of *ome 8
or 10 points over December nnd an ad
vance tn December to within 2 or*
points of January. As long ns this
situation continues efforts to depress
the future market are likely to prove
unavailable. The market ha* all the
earmarks of a bull market nnd should
be treated as such. Some very good
people talk much higher prices event
ually.
local spot situation ronsldetahlo In
quiry for cotton. ^ hlch Inter became
an Insistent and this healthful
nn«l nawly created Influence was also
largely responsible for the higher levels
attained. The weather also continues
»xert considerable control over the
movements of the trade. Already the
belt has e.\|>erience<l too much rain,
and where damage has not actually re.
suited serious delay* In Held work have
occurred.
is following ugures give the northwest
of todsjr, Tsst week sod last year:
Last Last
Today. Week. Year.
Minneapolis 408 296 721
Duluth 301 SS0 228
C. E. Cofman, of Bainbridgo.
Bpeclal to The Georgian.
Balnbridge, Ga., Oct. 4.—C. E. Cof
man died here on Tuesday. He had
been III with fever for a week when
complications set In which caused his
death. He hnd been cashier In freight
department of the Atlantic Coast Lint
here for two years. Mr. Cofnmn was
25 years old. Ills remains were car
ried to Pulaski, Tenn., his old home,-
for Interment.
NEW ORLEANS.
tures In New <
Oct
Nov
Dee
Jan
Fell
March. . . .
May
June. . . .
July,
! I:
10.31*10.75
10.39) 10.86
Closed
i$3i «
10.45-47
10.48-49
10.57-58
10.63-66
10.74-75
10.79-SI
l".!'' 92
10.00-02
mm
10.09-1!
10-11-12
10.20-21
10.26-2*
10.38-39
10.48-49
10.53-5*7
10.58-60
SPECULATIVE MEN
GOT A SETBACK
New Orleans, Oct. 4.-The Times Demo-
crot says: "There being no tension, the
fury having spent Its force, yesterday's
cotton mnrket supplied needed opportunity
for the catmint ton of inkaca. America hav
ing hacked the bearish view, Americans
north and south paid the piper a pretty
penny,, nnd, as n consequence, budding de
sire for non-professional speculative Inter
est has been squelched. The talent, p»s-
sensing thicker skins, will recover the soon
er. Meanwhile, the spinner nud the foreign
er generally, appear to have profiled Im
mensely on the rise In values, nnd now
probably have less to worry over than here
tofore.
"Prospective good weather, logical reac
tionary tendencies and the belief that the
Interior will offer cotton more freely, sent
values down for n net loss of some |2 a
bale. Rut the small speculator hnd hnd his
fill, nnd Interest wns lacking ni times.
The situation Is now Involved by the fact
thnt New Orleans spot cotton at 10Hc, when
compared with the distant month option
premiums, look* cheap enough. Hnrnnnnh
quotes the actual stuff at 10 316c, while
Galveston, with nn early nnd large move
ment, Is selling it at 10%c. The outlook
Is not clear. The weight of ronl cotton, In
the nbsence of continuous big demand,
should work against the price. The obi
landmarks have been obliterated, nnd the
lence of the speculator of today Is made
TIPS FLASHED
From Wall Street
up largely of such stuff ns drenius
made of, and affords little guaranty *
preelntlve safety."—Ware £ Lelnnd.
Jams* Gatman, of Gadsdsn.
Special to The Georgian.
Gadsden. Ala., Oct. 4.—James Gat
man, aged 65 years, died At his home
near this city. Monday, after a short
Illness. Mr. G&tninn was n stone ma
son by trade and built the piers for
the Coosa river bridge In this city
nnd many public buildings throughout
this section of the state. He Is sur
vived by n widow, one daughter and
four sons.
SOUTHERN EXCHANGE
Olde.t E»t»bll«h«d Office South.
COTTOH STOCKS BONDS GRAIN
Ground Floor Oould Bulldliur. Delly
market tetter and market manual
mailed on application. •
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, GRAIN
Comspondint's Capital $250,000
BCrCRKNCk. TH* NCAL BANK
PHONE 1*17- PRUDENTIAL BLOB
3i Compound Interest
li the rate your money will draw If deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION ! Safe Deposit Boxes
Private Wire to Glbert A Clay.
New York, oct. 4.—Disappointment over
several features Wednesday may be ef
fective lu producing through sentiment
some further reactloaanry «j»eintlon* laa the
stock market, but we atrougly. ndvoente
the purchase of good stocks on this reac
tion when weak, although we ugnln caution
you against buying on the bulges or belaag
greedy tor more tlinn reasonable returns,
as the market Is professional, more ho
than It haa been for some weeks, but with
the prospect of Increased outside Interest
... deal announcement,, a higher divi
dend on Atchison, etc., were stronger than
generally supposed, nnd sentiment In s pro
fessional market is often easily upset tem
porarily. but we have strong evidence of In
side buying on n scale down, and belteve
thnt offerlnga will be few when the short
interest ’ that wa* extended yesterday at
tempts to regain Its stock.
The New York Financial Bureau: Strong
buying of Southern Pacific is reported# with
tips that the stock will sail higher
soon.
Hnrrlmau Interests bought I'nlon Pacific
on Gils recession, nnd we think It should
aell shore 2)0.
Atchison might be left alone till It find*
Sts level under the new conditions involv
ed by speculative liquidation, but some
support was reported toward the close.
Copper tfinula be bought when weak, n
natural recession taking place.
Smelting seems to us. In a nnfurtil reac
tion, but we would buy It when weak.
St. Paul la lu the trading posltlou aa yet,
meeting some stock toward 177, with sup
port toward 170.
Good iniylng of Erie occurs.
Pennsylvania well held, nnd should be
taken toward 141 with a small stop, If de-
slre«f.
Support Is report by Vpeclnllst In Rend
big " ' A
Wo would take It when weak only until
the absorption of the stock around the 48
level occurs.
We continue bullish on Canadian Pacific
nnd Baltimore and Ohio.
Dow-Jones' summary:
American stocks In London firm, 404c
,l, i»ank P of ^iigland rate unchanged.
Cuban situation still peaceful.
Foreign money market situation
proved.
United States Steel unfilled orders larger
than ever.
Light demand for stocks in loan crowd.
dend by Bethlehem Steel at tho next direc
tors’ meeting.
On present
Amalgamated Cooper
next year should l»e 126,000,000.
Expected Northwest stockholders will gst
rights on new issue.
Gold movement now totals 640,000.000. with
$17,316,000 of engagements still to arrive.
Canadian Pacific earning* for fourth week
f September Increased $398,000.
Twelve Industrials declined .20 per cent.
Twenty active railroads declined .18 per
cent. _
— “ay see some
ny, owing to
disappointment over Atchison dividend, and
failure to announce ore deal, but believe
It will provf temporary, nnd recommend
buying on soft spots. .
Chicago. Oct. 4.—Buying orders will prob-
nbly be sent In on tne slight advances In
London and the blank rate unchanged at
4 per cent. Enough disappointment over
the Atchison dividend to create lower
prices for the shares, a disposition being
shown to switch over to Southern Pacific
that Is more highly regarded as a 5 per
C *Advf<* , es ,, froni U weU posted parties are bull
ish on Rteels despite the delay In the deni
and look for good buying In the common
on dips. (Toppers do not show good action
and It Is possible that they can be bought
lower flown. Present Indications favor a
good bank statement.—War* 4k Lelnnd.
REALIZING OF PROFITS
WA8 CAU8E OF DECLINE
New York. Oct. 4.—The Sun says: "Real
izing of profits hnd more than anything
else to do with the decline here and In
New Orleans and Liverpool. Thar* was
nothing surprising about that, after the
almost phenomenal advances of 1st*. Not
a little of the selling, however, both at
home and abroad, was against actual cot
ton transactions. Rears were emboldened
to sell again; the New Orleans estimate
for today is rather Inrge, even of those
for Houston nnd Galveston are not. and
the weaker tnke It all In, and there waa
levs threatening.
"Yet some ruins were reported In the
central portion of the belt, and also lu
the Atlantic states, nnd reports are per
sistent thnt the recent big storm did s good
ileal of damage. I|ow much is not easr
to determine, but bears Insist that oven If
what they regard ns an extreme estimate
of dOO.OOu bales, should prove true, there
would still l>e nn nmple supply to meet the
world's requirements, and leave a good
five days. Hulls, however, maintain
that there Is still a very largo Interest of
this sort on both sides of the water, nn
could l*e forced to cover, ■houki unu weaim
er again set In or anything else occur se
riously to alarm luterests which Include a
good many people of Importance In the cot
ton world.
"Wall street and other bulls, the South,
New Orleans. Liverpool, and, In fact, pretty
much everybody who operates In cotton,
sold not only ItecsuM the weather In the
main was better, but also because a rcac-.
tlon seemed to lie due after a rise of 15) advance of 4 cents ^ _
points. Manchester spinners are evidently J price paid tor thla yei
more dispose.! to buy."—Glbert A Olay. * * y
GENERAL LIST
RULES STRONG
New York, Oct 4.—Real buying and
real selling alike were at a minimum
in today's market. Such operations oa
those were originated with the profes
sional traders, and among this class
there appenred to be a pronounced dl-
vialon or opinion as to the Immediate
drift of prices. At some moments the
market 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 faction of professional deal
ers, one working for a rise and the
other for a decline, seemed strong
enough to moke 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 markets, 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 flrst hour, aud strength display
ed lu various groups. While a number of
specialties were decided!/ weak. United
Hfates Rubber was a prominent feature,
selling as low as 494c, against 644c yes-
terday.
The Ilarrlman stocks continued In ar
gent demand. The buying of these Is
sues and Ht. Paul apparently came from
one source.
Government bonds unchanged; others Ir
regular.
LONDON 8TOCK MARKET.
STOCKS-
Anacouda.. . . . .. .. ..
Atchison
Canadian Pacific. . . .
Chic.. Mil. and Bt. Pant...
Erie
Illinois Central
Louisville and Nashville. .
Reading
Pennsylvania
Southern Pacific
Union Pacific... ... .. ..
United States Steel. . .
do. preferred. . .. .
STOCKS REVIEWED
BY NEW YORK SUN
New York, Oct. 4.—The Bun says: The
stock market was generally weak yester
day, nearly all the prominent Issues declin
ing to a greater or less extent. Ths pre
vailing explanation of the fall was the
speculative dlsapoplntment that existed
over the failure of the directors of the
Atchison to Increase the annual dividend
on the company's common stock «at their
meeting yesterday to • per cent. Ultra con
servatism has. It seoms. triumphed In the
Atchisons' counsels, nnd there can hardly
be any doubt of course that In the long run
vesterday's decision will not be regretted.
The development led to a considerable
essenl * —
mated
In the
the price
opper dividend would be eohtrged
tear future, while a sharp fall In
e of United States Rubber com-.
active, waa taken as an Indication that
these stories bad not bad an over-stable
foundation.
Finally the rank and file of market oper
ators were nlslnly perturbed a little over
ths lack or an official announcement lu
the matter of the supposed lease of ore
lands by the Great Northern railway to the
United States Steel Corporation. Whether
as a result of these factors or from the
mere sweeping over the market of a waive
of pessimism, started by unseen causes,
there was largs selling of stocks throughout
ths day, with a final record of losses lu
prices at the close, sa described.—Glbert 4
prices
Clay.
THE 8UGAR MARKET.
raw sugar market steady and micbnng
John Robarts, of Sparta.
Special to The Georgian.
Sparta, Ga., Oct. 4.—John Roberts,'
one of the most popular young men In
this section of the state, who has been
confined to hla room for the past week
with malarial fever, succumbed Tues
day afternoon. Mr. Roberts' condition
% up until a day or two ago waa not
thought to be serious.
Placing Orders for Tobacco.
Special to The Georgian
Balnbrtdffe, Ga.. Oct. 4—Next year
promisee to be th. b*,t In th. hUtory
of th© county for the farmers in the
tobacco aectlon. A. Cohn A Co. and
other tobacco companies are already
contracting for neat year’s crop at an
per pound over the
year's crop.
WM. L. I'EEL, President
ROBERT F. MADDOX, Vlee President
JA n )2& A i i, L®MS? r c.,b,.r.
JAH. P. WINDSOR, Aeeletept ceehler.
IIUDDOX’RDCKER 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.
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You ore Invited to cell and Inepect our quartora and Invaetlg.te
our facllltle. to torve you. A hearty welcome await, you at thla
bank.
A8A 0. CANDLER, Proaldent.
W. M. r.'.TTERSON, VIee-Prat. A. P. COLES, Cathfar.
JOHN 3. OWENS, Vlce-Prea. WM. D. OWENS, Aaat. Caahlar.
For rent tn our vaults in 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.
HUBBARD BROS & CO., Sis
Atlanta Officea, 219*221 Century Building.
Member. New York Cotton Exchange, New Or■
Icon* Cotton Exchange, Llv et pool Cotton AttO‘
elation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Butlneae solicited for the above exchange*.
Direct wire service. Correspondence Invited.
Phonea 454, Long Dlatance 39. A. S. Huetace. Mgr.
w
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. K. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Vice-President. OEO. R. DONOVAN, Caihler.
JAMES 8. FLOYD, Au’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.