Newspaper Page Text
THE ATLANTA GEORGIAN.
Friday, October is, jm
13
111 New York March, April,
May and July Closed
at 11c Mark.
ALL NEWS BULLISH
Recent Wet Weather Has
Seriously Damaged
Cotton.
XKWK AM) UOttSlI*
Of »h* I>ecy Staple
SPOT COTTON MARKET.
firornortl. spot ratton Arm: mMrtlliiff »n-
1*1 S 6.144; VW *.W>: American 1.40V.
Knlntlon ntnl export fc»; receipt* 1.430,
8 Attimfn!•*to««ljr at lOHc.
New York, qnlet it
Orica its. flrui at lOftc.
Augustn. steady n *
Suvaiimill, fjtemljr at 10%C.
St i.oultf. Hr in at 10%c.
McrnpliU, Ann at 10%;..
Norfolk, atcady at \6%c.
Chnrlcftop, firm at JOtfe.
N'o« York. Oc). 5.—Tho cotton market
trading at the opening: * wax trlld. I'rlcea
ri . r e Influenced Uy heavy buying on strong
Mvcrpoel market and ttnfavornhlo weather
condition* In the South. Tl»e first quotii-
tinns were jollowed l»y reaction* of is
point* and then the Hat advanced 3S point*
slum- Inst night.
The late advance .vexterdnr In New York
of some SO point* wnx mild; na compared
with the action of all cotton markets ut
th<' opening thl* jjjornimr.
UverpiNd was first to open. It \rn*
lllghtlv Letter than expected to start with,
but Inimedlately alter the opening the up.
turn was of n sensational nature, with the
market more active than for months past.
rlecs In that market were
ilBhcr, with the tone fe
verish. ,,
The range was wide, tne dlfferenea lie-
tween flu* highest and lowest point* be
ing £324 point* In the active month*.
Following I* the range In the cotton mar-
k.-t In Liverpool todnj
Oper.. High. I^»w.
Octoher-Novcniber. . . ,5.(14 5.87 5.68Y&
Jrtimsrr-Kurils.• . A«l J.87 5.64
Miirch-Aprl! 5.68 5.91 6.87
Mny-fnnc 5.71 6.96 5,i2
The spot market was firm nt nn ndvauee
of 18 point*, milking middling 6.14d. The
demand was only moderate, vplutwrM taking
|,uft) bale* nt the ndvauee.
A full response to the early Liverpool
advance would have |t*>n nn Improvement
of points st ft,*.* opening, hut New
York lin«l the hull fever In uu acute stage,
ind 2114 point* advance was aocldediy too
pn'lfl to what price* shoub .
vhodr wanted cotton. Operator* paid
the ‘price# asked. As a result, opening
quotations were 17©35 points higher—the
advance landing May and July In the lie
The msrktt gained strength ns the ses
sion advanced, and up to midday the open-
lug Improvement was Increased 13(229
points, adding March and April to Mr
July, nil going aliove lie.
Realizing sates caused a reaction
high
The New Orleans market was also decid
edly Arm, the active months all crossing
the lie mark during the carlv trading.
The following private wire telegram de
scribe* the later market la that center:
-The market Is nuiet. Shorts are sick,
sm! there Is no selling power at all lu evl*
drnra."
The dominant factor for the advance
rlnrt
that ,„V V.WW MHW ■». F ^ .. ,w, FMy.
by the recent decidedly unfavorable weath
er. The trade at first was slow to believe
the report* received from the belt, claim
ing that the farmers In the past give nut
exaggerated Information as to the progress
of the crop, especially at this scasou of
the year.
ft f* now dnwnfns upon the trade fhnt
probably the worst has not been told: that
13.00,000-halo estimates arc being abandoned,
and that 11,000,000 will bo nearer tbe fig
ure.
Well Bros., of Montgomery, In their crop
letter of October 1. say:
*Tp to tbe 20th ultimo. 8entem1*er weath
er could be cn I led fairly favorable. Tbo
rains and cooler temperature durlug thnt
perM had a refreshing Influence on that
imrtlou of the crop which was subjected
m the heated spell during August and
fon»equent rust, which was quite preva
lent. and deterioration which had
taken place during August and the early
part of September, was checked, and ngnln
the cotton plant showed n reviving tend-
moy, the top of the stalks becoming again
S reen. In some Instances, the plant bad
•terlorsted to such an extent that we
roald not but estimate up to that period a
considerable shrinkage of the yield, as com
pared with last year, lu the Atlantic states.
Including Alabama—probably a half million
to «w,<x» bales.
-On September 20, we estimated that
Prlvnte W ro (jihert & o|ny.
V,’’" }'''*■ Oct. Mn-rfamr nf ff:» n.
tn.. 1*814 higher. Wes dut. 1J hliilier. We
Minnlil open iijt lilglier *
The soveruuient will today lime n tv-
I'lni °* cottou on ha ml and coustiuip-
TUe Commercial says: “The nest gtn-
uers report up to October u Is sure to
make a liulllrh showing.''
Liverpool cablet.: "Market mainly profes
sional, hut steady; finding oullUb uu ac
count of strength of actual cotton."
Frost In norths *
The snecuUitiv
d that auy IH „
If It Ik* unrvilable. has an limu<
effect, aud until tteople recover their
senses, a market opinion Is valueless. %Tb«
bad weather of Inst week has changed
tbo entire market outlook, nud fluctuations
are likely to lie erratic for some days,
and executions, we fsar. will bo disap
pointing In many Instances.
New Orleans. Oct. 6.—Liverpool nt 15$44
up Is as due on our market, spot is up
show*s the strength of that department.
A dispatch from Hearne, Robertson coun
ty, Texas, says: "Since the cotton mar
ket ha* taken on nn advance, the farm
ers arc taking advantage of it, and are
solllug freely.
Private Wire to Ware ft Lolnnd.
New Y’ork. Oct. 5.—Liverpool futures
bpened steady 11 up on near and 11 up on
late. At 12:15 p. in., 15 up on October
and 12613H up on balance, and quiet. Imt
steady. Sales 8,811 spots. (U4d—18 up.
Fntnres were due to come 9(19*4 up.
Liverpool cables: "Hood Ferule doe
nor think market can give way much nt
thing seems favorable to qn advance
the market In anticipation of a very bull
ish glliners' report next time.*
THE WEATHER.
LOCAL FORECAST.
For Atlanta and Vicinity—ltnln tonight,
followed by clearing mid cinder Saturday.
WEATHER CC NDITIONS.
Cloudy weather continues east of the
Kooky Mountain* and rnln# have been gen
eral In southern Texas, the lower Missis
sippi valley and nt stations In Alabama.
Tennessee and northeastward Into New
Yoik. Unlit was falling at Shreveport.
Vicksburg. Meridian. Memphis and Birming
ham this morning. The following heavy 21-
honr rainfalls are reported: VlrksUncg, 2.74;
Gnlvcston, 2.1(1; Cornu* Chrlstl. !.%.
The pressure Is lowest over the Great
Lake* and on the const of Texas.
Moving In over the northwest Is an exten
sive area of high barometer central over
Nevada, while 11* crest extends southeast
Into Texas. The advance of this high Is
causing a general fall of temperature to the
east and southeast of Its center, producing
lllng frost In Honth Dakota and western
-braskn and light frost In northern Mlnne-
The conditions favor rain In this section
tonight, followed Uy clearing and cooler to
morrow.
Edited by
Joseph 13. Lively
MARKETS
.Mr. Lively's twenty-five
years* experience of ed
iting market* In At»-ui(«
and the South has made
tifnt n rer»£jij*«'d au
thority In bla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
COTTON REGION BULLETIN.
For the 24 hour* ending at 8 a. m.« 75th
meridian time, October 5, 19-18.
STATIONS OF
ATLANTA
DISTRICT.
•Atlanta, cloudy. . .
•Chattanooga, foggy. .
Columbus, i lowly. . .
Gainesville, cloudy. .
Greenville, cloudy. . .
Griffin, cloudy. . . .
•Macon, p. cloudy. . .
Montleello, cloudy. . .
Newnnu. cloudy. . . .
Borne, cloudy
Spartanburg, cloudy. .
Tocroa. dear. . . .
West Point, cloudy.*.
remp'ture.
Max. Mlu.
T«" "64
t rlH I »4»l. i nning —
•Minimum teuiiwroture* are for
hour period ending nt s a. ui. this
HEAVY UAINFALL8.
Jackson. Miss
Vicksburg. Miss
Yu son City. Mis*
Notches, Mis*
Alexander, Ln
Drookhaven, Miss.. ..
Cheneyvllle, Ln .
La Fayette. La
MellvlHc. in
s|f
m
CENTRAL
STATION.
Ur
Atlanta
Augusta
Charleston
Galveston
Little Rock
Memphis
Mobile
Montgomery. . . .
New Orlenus. . . .
^Oklahoma
rtavnnnnh. . , , • •
Vicksburg
Vicksburg
Wllmlngto
:on.
IT
Dlst. Averages.
it*
r=
KAMI} OF STOCK.
Americau Sugar Ref.
. do. preferred. . ! !
Atchison
. do. preferred. . . .
American Cottou OIL .
Amur, car Foundry. ..
Baltimore & Ohio. . ..
Brooklyn Rapid Tran..
* ajmdlan rneltb*. . . .
Line, ft Northwestern..
< he*«„Mke ,V Gftfo. . .
Colonnlo Fuel k Iron..
Central Leather
do. preferred. . . .
* hie. A: Great West o.
S -. MU. k ML V. . .
ware & Hii.Imoi
r
Erie.
[»>Hller'.^urluia:::
Gensral Electric. . « .
tiiho.it »
Amur, li-e Securities. ..
Louisville ft Nnv»v||Ie
Mexican Central
MJitnurl Ihn lflc
£ -I i!«p
I
1 lln*! i7
: >«»| ’id i IflUl | -Jj
evti mhi « i nj-41 £%
Totnl .took inle, 1ml.9’;.3Tl',lirr„.. yot.'.'-Nx rk.lng lilil.
Kami: ov btock.
i!
I
U
N. miij Sc ti‘:,u-ru. .... . 47Hl 4" fTTS 4» 4JH
NntUunl I.CU.I [:s [ 7- ; 71$, 7VA\ I V7-,
Wli«# DoiWr .. 214 2l6’.i 211 | ”15'll
York lYulHI . , J3»«k JO'Il 147'X 4M&
Norfotk ft . . M *4 M - u2 “
i-wm.jrlmiiln 341 IMS IM-tiJ linii
f-fOBl,', 44,, ! uw. mi m< »»M
SIh 1 ij
I'aclfic Xlnll
Heading.
do. preferred. . .
lulled States Rubber
do. nrefe.-riHl.
aoathern I’scldr
Southsrn Railway.
«o. preferretl
SJoss-Sbeffleld. . .
fenn. Coal A Iron.
Texas** I'nclflf.
www W:::^
I I MVi
*1 . , MU; ij" "ij 1
J.nloN l-nHfl,' lUYi, IS7V% lOW 1471*1
i.nltfrt Htatr* Slri-1 17 '• 47 ! );C <9
.. ‘In- |>r.ftrr,<l l»;i. 1077,; 1SSV 1M7*
Yo.-Cnr. Cjl.inlmil 1 II ' T' 40
Wnlm.h, . . . I in* J)V, 2»i]
■’* |ir,f,rrwl. ln.iM.il 1
tin iVlilr.l, 1 571,' :; Y l) ~
*>
WIkquMii t’rolnl. ) «%• }7S) 2»>', tHH....’..) n%
-In. nr»>rrrwl. Ml*; bj*i >■?, 644?' ' ' -
1 in-roimi wire Ir .illilc.
I Kg
NBW YORIC.
The foltiwlnjt I. the rnnse In eotton fu- rsuje una close, come.:
ii>., in Non- >nrl; lielur; eln,e
f.IVilRPOOb,
The M.anine Aif irc. cl‘'e (be niieliln*
..... .. .. red ,r!tli ;.ltrrduj't
NEW ORI/EAN'S.
Futures npeiiotl firm.
,—... . Prerlen.
In. nee. now. Cine-.
... .
:i s y
T~|
• » Us
! - « 3
U.OOtti.11 to.* |U2|IHM2jI0.C6-«7 1 "iT.'.Jun;
- iUl.nifll.01 H.ni|!UM2|l0.67«1
.6.63
. ,6.«j Ji.$ m 6 *?
. .5.64 -6.84 5.M
. .5.64 5.71 j.U
. .5.70 5.71% it.dV/i
. .6.72 -5.71% 5.*»
. .6.74 -5.75 6,93
Closed hardy steady.
. ! I'M
:|jj.st'u.oSfioT^iv6.*ik»'»5|ii!rs5s
• • • ■ lin.*i.»!iri.,M7
... .,11.n) 13.7510,M10.WO,M-*3:)n.4S.f1
.-!.»lfl.83|)1.01Ht.rnrrj 19.S7«
3.51 ij-eh. . . . . ...! | !l|.iv7d» 10,(UI6
t.si«i Jpreli. . . ,|7L4U 11.4'.* 11.11ill.lS)ll,14-ll)iJ9.y4-T5
M»W i 1 ** :'.1M 11.641I.K ; ll.a,*).M fwto.HAl
I {ski.- -• J?n.«Il»-4o , »»4ii».si!iaH«ift*Mi
(*Tn,eil : leiely. ~~ -
NOTES ON (TRAIN
Tolntcri on Provisions.
l :8
REMARKS.
The temperature changes for the past 24
hours were unimportant. Italn was general
except along the Atlantic coast region/the
iiv-it-m, imp I’Winner' renin
while we estimated thnt
per <t»nf wa* ttttt to open. At this June-
tar*, n* I* well known to the trade, the
AtT °V ,tnrm * n v,o,<,|ic# ,n
All manner of reports
are afloat. The
1»endlng over of
tawrjJlng the cotton crop are
tMstlng i>f the stalk, or lien*.....
tne stnlk. Is nolnted out as a sign of the
Moppig* of future development or taking
"0 of new fnilt, which, of course. Is a
••nnjMctnre. so far. It Is clalnici! that con-
■laersbie open cotton has been blown
of the bolls, and Is lying on the
*[*>uml soaking, and will proiwibly not In*
r ”‘* "mount or cotton lu this
condition Is dalmefl to be considerable; and
n<» doubt there Is abundsnt reason for this
“J™/- "r hart \tetn telegraphed to by a
uj'ii!: nuinlier of our friends tor an estimate
‘ damage that has ln*en done, and
‘J *11 Instance* we have heeu reticent In
imiig nn estimate, for the reason thnt wo
VC* h ” n n,l,e to thoroughly Investl-
f»te through our own agents, and re-
I''V* frnn > °ther sonrees. In a great tunny
m-iVmU'T*' nrf °Plnlons, and wo fear, nn-
r.'iiexaggerated. There Is hardly a
nnl^o ot b y t . w hlcb to lie guided, conse-
r L f r i nn .. pM,ln * ,# tl**i Jan'rtnre would
Mtrt . “T ,n *-. especially when we take
nftMF * n,i *liionttlott that the treafher here-
tuIrJri nn nil-powerful Influence
thft.u. nnrtlnlly remedying or mliilmlxliig
ism Thero u *»ne feature of tho
Z n n : ,‘Mt can never lie remedied, nud
Jhe quality of thnt portion whleh
ten *, n °r. n 111 «•»«* fields during the Inst
up! A benefit from the present moist-
Sreii*fn P T*# r '* B n ‘••Pi niny lie de-
lat* *‘* c, l n n*. provided a. very
“n, Tr ww »l‘l 1>e assured.’*
Ins til*a t „ ,nt r W ,or thtf week, aceonl-
York coM^ rlnt r nd ^ nt K,njf * of «*»e New
cotton exchange, 884,803 bales, against
TODAY’S PORT RECEIPTS.
The following tebie shows receipts at the
ports today, compared with the same day
last year:
New Orleans. . . .
Galveston. . . . .
Mobile
h'avaunah
Charleston
Wilmington
Norfolk
Baltimore
Newport News. . > .
Brunswick
Jacksonville
Fort Townsend. . . .
Total.
10*9
1149
7437
2490
56960
4143
19928
1922
8139
fin
4638
6188
49892
INTERIOR MOVEMENT.
The following tatite show* receipts at the
Interior towue today, compared with tbe
■atne day last year:
Houston. . .
Augusta. . .
Memphis. . . ,
St. Louis. . .
Cincinnati. .
Totnl.
23506
24486
465.000 last year, nud for the senson, L*
313.000. against 1.651.000 Inst ye rt r.
The finish In New York wn» active
unsettled, with selling t«» realise profits on
ti largo scale, but price* were well held,
the close being barely steady. 3*€46 points
higher, as compared with the close of yes
terday. _ _
Estimated R,c«ipts For Tomorrow.
1906. 1905.
New Orlrnns 4.JJJJ to 5.-Ml
llnlvrston iftm !”-,2i5
Houston 14.50) to ,.».5>)6 17,751
Private Wire to Ware ft Leland.
Chicago, Oct. 5.—Believe one can buy
some wheat about yesterday's, low
prices and gat a turn out of It. Cables
good undertone and largo holdings
here remain Intact.
The wheat market doe* not look
strong this morning. They say cables
little too strong.
Tho Inter-Ocean says:' Traders In
the wheat pit credited the liberal sell
ing by Ilulbard Warren to Valentine.
The latter was not In the market
ipenly yesterday, but watched It
closely.
Parts of Missouri that have been too
dry all the season, are now complain
ing of too much rain. Charleston. Mo„
had nine days of rain, and the corn
crop Is not being benefited by It.
Cash business on wheat In Chicago
yesterday was SS.OOA bushels mixed
' 700 bushels, Including a
rail to Baltimore, and
oats 254,000 bushels. The seaboard re
ported 125,000 bushels wheat, 00,000
bushels corn and 50,000 bushels of oats
taken (or export.
There were claims of 250,000 bushels
of ocean freight room taken for wheat
on the seaboard, mostly a speculative
venture by exporters, owing to the
low rates for ocean tonnage.
Private Wire to Olbcrt ft C7ay.
Chicago, Oct. 5.—The Record-Herald
sdys: You may record my prediction
that America will be exporting wheat
to Russia before the end nf the pres
ent crop year," said William Dunn.
"The situation appears to me to be
most remarkable. It Is seldom one see.
conditions In the wheat market so fav.
nrnble for the speculator and Investor.
You can hardly ask the farmer to sell
wheat on the basis of 50c per bushel
when he had raised only 4 to 10 bush
els to the acre, as la common In many
sections. I think the northwestern
crop was vastly over-rated at the be
ginning, and that It will go Into his
tory as the fake crop of the genera
tion."
WEATHER - FORECAST.
Oenrsls. South Csrollns nnil Bo stern Hor-
Ids—Partly cloudy Friday sud Bnturduy.
North rnrollns—Partly cloudy triduy;
Saturday showers. , .
Western Florlds. Alnltnms nnd Missis-
slpid—Showers Friday; kelurdsy fair,
fliulslnus—Rnln Friday; Mtunlsy.fslr..
Nastern Triss-Hsln Friday; eooler In
northwestern portion: Sntnraxr fwlr.
Western Texns. Oklnbonui. Indhit. TerH-
MONEY PLENTIFUL
TO CAREJFBH WHEAT
Farmer Has Powerful Al
lies to Manage Record- •
Breaking Crop.
WARE A LFLAND'S
Chicago, Oct. 6.—Who want* the
wheat In Chlcafo? And that destined
to come here? The last half of the
question Is a great deal easier thsn the
flfst.
The farmer, of course, still owns the
great bulk of this year’s record-break
ing crop, but he has powerful allies. If
the names of the latter were known It
would dear up a great deal of anxiety
In groin circles yie world over.
It Is a conservative estimate that
there are 25,000,000 bushels of wheat
bought and owned In the Chicago mar
ket outside of regular grain circles.
The figure might easily go a few mil
lions higher, und probably It will be
fore the campaign Is ended.
Charles Sweeney, 8. C. Schwab, A. I.
Valentine, A. J. Lichsteln and Albert
Dickinson have • Invaded the wheat
market with money In the belief that
more Is to be had In owning the prop
erty. The two last nsmed have their
wheat reduced to a merchandising
sis, owning U outright In local el(
tors.
bu-
leva-
DAILV COTTON LETTER.
Ken- I111J. opt. t.—Th*» excitement of i**t
Wf*«k wus very turn* In rrunpiirlsou with
tnr MPrsut-ourrl ilpvdnpmenrs thnt stni'tH
f’/itiirihi.r iDornl/iK. und b-iv* couttnec l nn*
}nlerrtif>te»Rv etery d«v this week. From
!*•. irh itMflrcr tuts advanced to the
llr point by loons nnd Immiiw’a. >.nil hn*
shown Its- te*th In n /mhlon that hr.* rn.-
"•fed both bull* und bonra oxtr*fncly enu-
tloux nnd rttoservfttlv*. Hrartlnji from tin*
sulf storm* ;ind Lesny rains In n*nrly oil
seetlons of thp i»otto:i t-olt. news h-*s bo<»n
of the most tinltfsh kind. nnd. *s it rasult,
short cover!nu hn* !**>„ ^ning on dolly
end hourly nt n rate thnt «h#or»»od nil ihi*
nootlny siinplr, nnd tr.om was nothing for
buyers tn do l»ut mleon«*e -tn*l ndvnm e nnd
odrsnee prices. To nnve cotton sdvnnev.1
2 cent* In ten days hnnnoug tmt once In
many rears, and. ns n result, the trade tuts
»*oen thrown cotnnJetely nt em. Now thnt
tho fever Is on, the excitement has got to
run its morse, nnd until tir e ore alms
of on aliafetnent of the furore, thera wilt
l*o tittle disposition to eHI cotton. Wo ran
*n!y any thnt sentiment on cotton hn* **eon
coinnleely changed, nnd a widely ffnctnntlng
market with alternate wore# of lioylur
end selllmr ran now be cxpcide l until after
frost dates nud smnciblnj; Is known atxuit
the crop.
aow vorg Oct. *.—U>ut1on Irrecnlnt', bnt
n Mvorsblo bank statement looked /or. nn«l
time money |« now obtoluablt* »t i per
edit, (.’renting tnr en»ter mudlrion^.--
The ujorket is prcfeyslouat to quite
extent. nm| look for morn or let*. scUlii#
In the Southern group of stock*, out* 10
the udrnneo lu cotton thut retu-vta u ufcort
crop.
Sentiment ll aGU'qnlto bn Wish In the Iww.t
qne.rreiH on Kteeiu, pin! would !ft\or
oir Amnlannuted and Amn^ndn, fchouhi
they shmv declines, itUliouifh urtenlbm lu
beliiK diverted to Copi-or stocks o:* the
curb.
As was stated yesterday, r.joxt utamUiid
active Iksuhii are roitdy for betterment, amt
little yhang* trciu resrardny's butlvllual*
Is to In- reported. TectnTi'ally. l.'nlou and
Southern raciflc, Coupe., Hinetcera. t'eun** I
yilRltt. Roe!; Illttail. Bteid ■*-“ *' *~ -jjar*-*
lr? bought when
desired.
low-Jones' xummfiry: American stock*
lu Isomlon Irreyalsr. mostly kImvv pxvlty.
Money pondltiop* working easier abroad.
Cuban lufurttH*;os eoutluue to dNiriu.
tfobl tmuHgotiMUUi now tout ftO.Ojl.MC, of
which 817,»*.orv* 19 atlll to arrive.
Usurer an l Rio Grande famine's fourth
Hjw’k^uf beptecit,4-r ahow grosa Incre.iso oi
earnings for Angv*t an-w surplus
128,400.
lien.
'•(Jl 8;7, nn lticieuse of llJ.^34.
W 'r-eoiulii report* show earning:
* - eonituoa dl-.*blend equal
L7J per.
cent on stoek. Stork trnm.;er t#ix ivt'.i
r>w mere (ban J7.6t3,00O per nr.nim.
Twenty neine ralt/'mds Uecryastra .i*C per
eeut. •
I'rlvstc Wire ...
New York, Octolwr 6.—Mural
k Co.: "Today's muflxet doe?; not prem
ise to Irij uu eventful one, liat we nr»
rather more Inclined to look tor steady
urcKXuro :ind hHuvIness than the r. *erse.
There la nothing upou which to u»v«* lui-
iniMllnte netloii in luiylng st-v/c, nud v.-e
ueliera lietter opportunities will tnko phiee.
X«w York F.nanclal Bt reftu: Tho
entire standard list of active docks
acem to us to be ready for s recovery
any time. If eatiafactory shortage has
beea estubllrhed It may ta :c place any
hour on the prospect of a good bsnlt
statement tomorrow. If not, a litUa
tnoro (rofulnrity with a specialty or
two put up may he expected. We ad-
ocate strungly tho pumliaso of the
standard active Issued as a whole on
any soft sputa. Tho narrowing tend
ency Ih signllicont of nothing but a
burdening during a watting period
hlch may end any time now. This
position takes Into consideration all
THE FIRST HOUR
Important Iloosse Were
Buyers of All Promi- I*
nent ‘Issues.
AT ADVANCING PRICES
—i 3
Was Quiet and Persistent
Buying of Atchison
During Morning.
New York, Oot. 6.—Trnuanctions luer- *ed
considerably In . volume on the stock * x-
Itnnxe this morning, hut the greater actlvUy
was confined entirely to n few select s: ><•!.*.
AmnlsnnmtiHl Topper ftdvancmi very sliarp-
ly. the movement Ixd/ig based on the
tatlnii. which iip|H’ar* to lx» well foun.b‘'l.
thnt the renuirkiiMe strength of cvthlltfnn*
III the copper trade Will Induce a further
ilIrMeiul Increase at ttt<> Ineetliig to be held
In two weeks' time.
ron|H»r metal advnnreil to new high rec
ord figures again this morning, and He- fu
rious speculation In copper mining »l>.u--s
on the curb market wn* renewed.
New Y4*rk. net, 6.—The stock m.irl.et
opennl steady In tone with prlrr# In a
majority of cafra-unchanged, or show lug a
gain of from % t*» %. rnuadtnn Bad Me,
however, rontlntied weak, tiff 114. i’eitii*
aylrnnla tlewii Ktigtir li, ami RiiIc-t
common V« lowor.
The rtilfetl Htetgs Mleet series were nguln
especially favored In (lie buying, ami I'nlou
rselfie nnd H*mthern I'aclfic ^rerc ut vnrfont
Interval* extremely strong, lint the nn-r**
confident feeling which tin* rise In the***
stock* engendered hud no greit effect ou
the rest of the market. Trailing In oilier
stork* was very dull. Und their prices went
little changed. It tfppcnrc.1 flint the specu
lative energy reiuMutng was too limit'* 1 to
be absorlNMl with more thru n few share*
a time.
There was irucxpoctrll strength all thfonuh
the list during the greater part of the tlrxt
CHICAGO CAR LOTS.
Wheat.,
f’orn.. .
Outs.. .
Hogs.. .
Today. Ton*«r.
COTTON SEED OIL.
cooler Frl
Saturday;
Western Texas, iixinnnma, in*
tor, anO ArkonMS-CIsowrr, spd
du; Haturdsy fair.
Tru afuee-nlr r/Mfy ana
wmvwbsl i-oolor Bntiirclajr.
WEATHER IN WHEAT BELT,
Extreme N-rthtreat-Cload,: 10 ta 24
nlKire: Beaersllr rooter. . .. .
North we, t-l-arti, rloudj; SO to 42 aimer:
showers In tlnrou; killing frost In Bs|ila
* Writ and Boiithivi'st—Parti/ elonil,; Si
to «l nhore. si-ni'rnl ralna In Rnnaua; local
rains lu Sflssourl slid Illinois.
Ohio vailer—Oenerslljr cloud,: <4 to i0
abort; gentrsl rains.
NEW YORK COFFEE MARKET.
New York. Oct. 5.-T
ler I
i del
conscnnenct.. There was not mnek Mature
to the 1 news. The Ktiropean ninrkels hsnl-
ly responded to the rinsing gslns of ,» - iilor-
,lnr In the loenl uinrkel.—Olliert ft (In,.
Following Is Ih- opening rsiirosndcwee
of tho Now York cotfro market for to-
GIBEIRT & CLAY
1 «. ALABAMA AT.
STOCKS. BONDS,
COTTON. CHAIN.
CO FFCC. PROVISION*
MCMDCRSl
ATLANTA. OA.
C 8 .'^ ESSRffis; K^SK:|L&. n ST?<»n“ ftTSriation
Cole. KSKSgilNiJ Orleans K2rd of Tr»Jo.|oal»e!.ton Cotton Exohang*
L...i , _ Prtvnts Wires to nil Exchanges.
*■•0.1 and Long DlsUns. T.I.phano 92M. W. n. FAGAN. M.mn.rv
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main C'3.
- «sjt* t—• »
Jnnlmry
February
March
April
May
June
July
August
8*ptmtol*r
Ortokr
Noremher
IbHMFmbcr. .. ••
Closed steady.
Opening
Sffie
::aa
..
..6.TM.91
. ..6.85-7.00
. .T.00
. :isa
..6.60
r|o»r.
S.S04.M
6.664.71
6.75 6.76
6.76-6.86
6.866.W
6.M4.96
tti-a
7.06.7.1ft
tsui
Its H CO
THE PRIMARY MOVEMENT.
The following Oanri-s give the prlmnr,
mm" ment_of wheat —• —“ *~'""
Whent—Iteimlnta I.*42.010 hnrtiels.
MO.OOO Imshels last yea,- sh iiineiits ,H..
0 jnj^hcls. against 671.600 busUH* last
7 ^"orn—Reeelpts 55IA50 lm
Mt.OOl Imshels last Vest:
0*1 Imshels. .gainst
year.
Imahels. against
shipments «)4,.
fius pel, Inst
The Dickinson holding Is a strictly
merchandising proposition from flrst
to Inst.
The others? Well, they would spec-
ul.te a little of the chance looked right.
Mr. Schwab Is too well known to
need a description. He Is said to have
betwen 10,000,000 and 12,000,000 buehels
of wheat.
Schwab'* wealth waa at on* time e».
tlmated as high as *40,000,000, but pop
ular estimate gives him a great deal
lesa now. In any event, however, tire
handling of a line of 20,000,000 buehels
of wheat would be not at all a serious
matter for him.
CHICAGO MARKET REVIEWED.
Chicago. Oct. 6.—Wheat closed t-»c
lower. There wer* many happy faces
on the board of trad* during the ses
sion. Valentin# had not only been
forred nut of his big wheat line, but
he had lost money on the big plunge.
When he wa* at the head of tn* Ar
mour concern he le said to have un-
scalped the local erowd to a standetlll.
and the local* are now scalping him.
Com closed l-*c lower: oate were
up 1-I01-4C and provlelona fraction
ally higher.
The week-a clearances of wheat were
4,017,000 bushels and corn 120.000 bush-
els compared with 1,072,000 and 1,11*,.
ooo bushel*, respwtlv.ly, a rear ago.
Cash sal** here wars 12,000 bush.ls
wheat, I5,000.buehel* com and 100,000
bu.h.ls oat*.
The seaboard reported 22 loads
wheat, 2 loade com and 100,000 buahtls
Primary wheat receipts l.HMM
bushels and com 501,000 bushels,
against 1.201,000 and 012,000 bushels,
respectively, a year ago.
Clearance! were 201,000 buehele
wheat and 171,000 buehels com no oats.
CHICAGO ORAm MARKET.
Chicago piM sad provision quotations
for wBf follow: _ , *
Fravlou*
Opvn. Ulffc. I^»w. Cl os*. Clot*
s» s*
0**tob*r. .
November.
TH*c6mHvr.
Jsnnary. .
l\**7 h ::
cfosfVl’stpmly.
(Vxuliv. Hnslnt.
. ^ |i tixv
15
86 HSS\
< s»!' 4 wm
31 C5IU il 0*4',
&0 nows of 'this morning. Develop Ihonr. n llli Imwirtatij Inniadi lirovy hnrrn
v.entM o\*d»r nishi nrv lii'iwit-tiiui in 1tin* pi’oti'Iniuit l*sura nt lilghvr
n.ems over nigni arc important in There wusgMrt. persistent bay log of At.hl-
. Sl»i'
. flH'
THE OUOAR MARKET.
New York. Oct. 5.—Ixirsl rrflnr-l nnd raw
littnr msrkrt steady suit nnchangcl.
tAndnn liccts quiet; October 0s 3k'l. Nn.
vstnlier is i'i'l
SOUTHERN EXCHANGE
Oldest Established OfTIce South.
COTTOU—STOCKS—BONDS—GR&IH
Ground Floor Gould Oulldlng. Dally
market l.ttrr and market manual
mailed on application.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS, GRAIN
Correspondent's Capital $250,000
SCrCSINCL THE NEAL BANK
••HONE LIT. PRUDENTIAL BLOC,
4**4
:«r
roiiN-
fc at
Inly
«»ATH—
r,.:::. ^
Jan.... 13.45
I.ARD—
Oct..... 1*5
Nav... >55
J an... 7K
aif>r^- .... . „
HiV IS
85 n
a;
flW hi! *IH 31
U.52H* 13.474 IB. 4754 «.ft)
m m ii m
i.« i
LIVERPOOL GRAIN MARKET.
nnsllt, ,’atr:Jreeves I
h.'Iters »7.4eS6. ; 5: rolr
,..‘rs t*.;i,'<7: I— or re „
r. ett<l roe-lee* *M”«i4
Rheep—Ks-lui.n* 1 II.'V
fin.illrv fnl-: m
Tfirliiies »."•* >.V7; li. nhe Jl.
»i *'■- “>
NORTHWEST CAR8.
I.lloalr.g Ilsaree elre ike northwest
t. do,. Tsat week i-ilil Inst r,'.i;.
tael Ijisr
Twin,. vr«-v. \-f.
Mlimeniidlta 4*1 ris 770
J. T. IIOI.I.KMAX. President.
5-. J. l l *XO.V. Vlre-l-nsldrnt.
tV. L KK.ttl’. Treseurer.
J. W. ANIillEn P. 0.. retary.
BANK
Four Por Cent Inter*
est Paid on Deposits
ASSETS $150,000.00
On, iollnr stjrt, ait tccounL
Heura: 9 t. re. te 6 s*m. Sat-
urdatt till 9 o'clock at night
OIKrCTOKS I
thus. J. l-KKI'I.K*.
W. It. STOVALL. FVJ. V-AXON.
VV. I). FOOT?. 7. T. IJOl.t.KMAX
FLVfrn »l:OOK*,J. M. JOHNSON.
over night are Important
many ways. Tlio Hearst campaign does
not star.) to us to gain auy atrenglh,
while the president's Pennsylvania
sf.aaoli contains nothing more man his
previously expressed vlc»:n. The ore
deal may be announced any time, ac
cording to our Inf.o-matlon, aud It
would cause a rush to cover In ull
pronablllty. Tho disappointment ovet
dividend action we regard as depress
ing to sentiment, but the outside long
Interest was two-thirds shaken out re
cently and while professional senti
ment os a whole may bo somewhat pes
simistic, n glance at fundamentals with
an Improving monetary situation can
not but reassure the eelm Judge nf In
vestment speculative condltlunn. We
consider very Important the clumber
of commerce agitation for npw curren
cy law* nnd believe the central hank
Idea the beat; first, because It libs h»».n
thoroughly tested abroad and, sroond.
because federal control will appeal
merer strongly to congress than a com
plicated system otherwise and would
have a better chance for succeas.
STOCKS REVIEWED
BY NEW YORK SUN
New York. Oot. 6.—The Hun says:
"The total’ volume of transactions
was only half of that of (ha preceding
stock exchange nessbm. Tne direct
cause, for this notable falling off in
business was, of course, a curtailment
nf operations of tbo pi-ncq^alonnls of
so-called higher rank, but whet the
motive* were that Induced tlieee op
erator. to withdraw from the market
were pretty largely matters of guess
work. In th* esrly part of the day
there were those who declared thut
the heeltancy of the market was due
to fear* that matte- for disturbance
might be found in the speech of the
president of the United States to be
delivered at the dedication of the new
-an'irl of Pennavlvnnla at Har-
rlaburg, but printed abstract# of *hls
spvecn snowed that th* president had
dona no mere In his address than re
iterate hla familiar vlewa concerning
the supervision of corporation* by the
general government. To moet obaerv-
era th* actual news of tha day seemed
to favor very positively the construct
ive aid* of tne market. An Incident of
the day Just before the end of th* ses
sion which will surely call for no little
comment, was th# announcement of the
directors of th* Chicago. Milwaukee
and St. Paul nallway Company In mak
ing public the new* nf gross Increase
In th# company'* earning* for August
of 2711,000. that hereafter the new
earnings of their company will not ht
given out until the close of th* fiscal
year."—Glbert ft Clay.
THE LONDON 6TOCK MARKET.
bonds iiiirlmnuod. Oth-r
RTOCKB—
Ans-oiols
A 'rill-nits.
*nn*l!-ii rs-ine. ....
Ohio.. Mil. nud Bt. .Paul...
iflnai* CenVrsK
llinnls t'oiifrri. »..|t74'Al??V|-3
.oulsrllle and Xnsbrlllr. . . .Ilrtiow'pinv
temlliiff.. .
•rmtsvlvsoln 14IU HlH'HMk
Bouthcrn t-nriSe 1 «jjl
ALL NEWS FAVORED
HIGHER PRICES
New York, Oct. 5.—The Sun sny.i!
"Persistent reports of serious damage
to the crop, rumors that another heavy
■torn) was coming up In the South, u
prediction of colder weather In the
Southwest, heavy rovering of short»
and a good deal, of scattered buying foi
st rise, all contributed to bring about
another advance. It wus sutficlentlj-
large, too, to show that the cotton
market Is a broader affair than It Ims
been nt any time for a good many
months. Professional operators, while
they hove n certain Influence, ore not
able to dominate the speculation. Thq
Houtli was offering split* ler* freely
and demanding higher price* for wlinf
It does offer. Home bullish reports i'»-
sert that tho loss r' cotton by the
recent storm was naif a mllll-m hah .
and that some S.ooo.nno bales monj
ware atalneil. This Is not acceptcii by
everybody, but the Impression Is that
tho Houtli lost a good deal of cotton,
nnd tho quality also suffered more or
lees, while In these times of great pros
perity In the cotton golds Industry tha
demand from the mills runs very Iji k'--
ly to the belter grades of raw cotton;
Very little adaption was paid to t.-.o
liberal esllroato* of-receipt* -to.hu- .-it
New Orleans und Galveston for th- i o-
son thnf the total ‘crop movement at
present Is comparatively small, t'rr-
talnly It Is falling' far helmv what
might be expected if bearish crop cell
mates are anything like correct. For
that matter, however, there Is less talk
about a yield of 19,009,000 bales, though
some sllek to these figure*, and mnr<?
about one of from ll.ooo.oon to 12,0011,.
0CO at tho most. A late fall, however,
would naturally make an Imm-nse dif
ference In tho else nf the crop. Wire
haufea with Southern connection*
bought heavily. New Orleans dis
patches Inalet that It Is a bull tnarkqt,
adding that the crpp has been over
estimated."—Glbert ft Clay.
nlnn l-siliic
’nlted Htntes Hied...
d". i-ref-reed
. SMfe lM :tl \.
■ 47-« 4(4i
.!lWt ITfg lff
New Orlaana, Oct. 5.—The Tlmrs-
Demncrat any*: “Aside from all rnn-
I'ltlnne of ultimate supply and demand,
th* possibility of a spot stiuesra In
>)etober, seorned heretofore, Ims be
gun to figure In prnfesstnnal calcula
tion* to a marked degree, * feet a-hl.-h
practically eliminate* fresh short sell
ing, thus delaying the coming nf relief
tn th* old short speculative Interest,
the long end of which l» held by ex
porters who ora not yet ready to work
out tht-lr hedges. At New York the
October contract value Is now ftbnvo
that of December. Should the New
York ut-ick begin to dwindle befor,. tha
Southern ap rt markets are In p. -dtl >n
to morn than supply the direct trMt
demand shorts will hardly escape on-
other toiueeso Mesnwhlio the manip
ulator has taken nn active hand In Hu-
game, ronsenuently the rnmllU-atlorji
of ring endvuvor are ugnln loo complex
for comfort.”—Ware ft Leland. ,
1\M. I- I'KKi. I’rvaMvaL ‘
ItOItgtIT F MAIIIM1X, He- Pr.-M-Sl
JAS. V. \V1X1*144)lt, AssMnnt L*s-hl-r.
jHAPPOX-RBCKER BANKING COMPAiff.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
$ 1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
Safe Deposit Boxes
For rent in our cavils m the basement of l!is
Empire {Building for onl.j $5.00 each, per
annum.
Absolute Secant}) end all Modern Corccniences
You should not be without one. I Ye inv'.’.i
you to call nnd Inspect them.
Title Guarantee and Trust Co.