The Atlanta Georgian. (Atlanta, GA.) 1906-1907, October 05, 1906, Image 13
THE ATLANTA GEORGIAN.
FRIDAY. •*»< I • iHR!
13
Ijj New York March, April-,
May and July Closed
at 11c Mark.
ALL NEWS BULLISH
Recent Wet Weather Has
Seriously Damaged
Cotton.
SPOT COTTON_ MARKET. x
LlmiMMl. •put pottos Snn: mUldlluf up-
1.1,,], 6.14(1; snles S.0M: AiuorlMm ,,400;
ifM-i-iiIniifii nnrl export 5»; fwclpts 1.460,
nil Amcrlcsn.
Allmitn. steady «t 1W-.
N>« Vnrk. 'inlft «1 Il 'J'-
New dries ns. Arm
Atigii'tn. atpndjr nt l«Jp*
St. lAMlia. nriu in
Mcmphl*. firm »t lOttr.
Norfolk, atendy nt ICft*.
Char lesion, firm nt lOfte*
\>r York. Oct. 5.—Tb* cotton market
trading at the opening wm wild. Price*
wore Influenced by hen vy buy Inc on strong
Liverpool market nnd ttufuvnmfde weather
rnudliloiiN In the South. The flr«t quoin-
(Inns uorc /ollowed br reaction* of J8
•mliiis. nnd then the lift advanced 3S points
above Inst night.
The Int* mlvntice ye*te/»lar In New York
of some 21 point* was mild, na compared
with (he fiction of all cotton market* at
the opening thla iuornInf.
IJrernool wau flr*t to open. It wm
illghtlv belter than expected to atnrt with,
but Immediately after the mveniug the up
turn wns of n aeuantlonnl nature, with the
narket more active than for tuontha past.
At the done prices In that market werr
jTtyBSl point* higher, with the tone fe
'The* range wn* wide, the difference be
tween the hlghrnt nnd lowe*t point* be-
in* 23f/24 point* In Ihe active month*.
Following is tb* range lu the cotton nia
ket In Liverpool toda>.
Open. High. leotr.
Oeteher-Noveinber. . . .5.64 5.87 6.61%
January Koiirua.*y- . . $.«» bW 5.M
31a reh-April $-{J 5.91 6.67
MnrJnne 5. <3 5.96 5.73
Tin* spot market wa» firm nt nu ndvam
of 18 mints, making middling f».14d. The
demand wn* only uuMlerute, *|iluuer* taking
|.ai) bale* nt the advance.
A full response to the early Liverpool
advance would have l*#en an improvement
cf 204 mints at thv opfigng, but New
York hflil the bull fever In nil acute stage,
and 2tf|4 point* advance wa* decidedly too
slow for exUtlag condition*, hence the
ring presented au active wild *eene wheu
the gong tapped. Appatetitly little ntten-
tlon was paid to what prices should Im.
Everybody wonted cotton. 0|
the price* asked. A* a ret,
quotations were 17035 point* higher—the
advance landing May and July lu the He
eelumu.
The market galne<l strength a* tb
slou advanced, and up to midday the
Ins Improvement wa* tucreased 15039
points, adding March aud April to Mr
3011-. nil going altovo 11c.
Realising sale* caused a reaction ot the
high point, though the undertone was
Arm.
The New Orleans morket was also dccld
edly Arm. the active months all crossing
the 11c mark during the enrly trading.
The following private wire telegram de
scribes the later market lu 4hat center:
‘ The market la quiet. Short* nrq sick,
and there Is po soiling power at all lu evi
dence."
The dominant factor for the advance
since last Saturday has been the belief
that the crop has been seriously dininged
by the recont decidedly-unfavorable wentk-
NEWS AM) GOSSIP
Of the Pieecy Staple.
l ’flva»e Wire to athert ft Cloy.
I 0t '- 5 —Mvcrpml lit 1«;S0 n.
111.. 161(14 Ulstier, Wa. iluo U higher. We
•1)001(1 upon .tfl UtKlHV “ u
rh» government mil today Issue a re-
port of .lock cotto-j on bimd cud enusmup-
Tlie Commercial soys: "The next glti- .. ,
now report, up to October IS la sure to * v ‘
mako a l.iiUl.li showing."
Liverpool rabies: "Market mainly prnfra- ‘
slntinl, lint steady; fooling iiul"-’ ! — -■
count of ulroiigtb of notanl ci
l-ro,t In norlCiroet lint night.
The specula tlvo huuglnatlon t, *o In
fisaied that any lion, odvlco to Ibo cron,
ovoii If It I hi unroUnlilo, baa. nu Imuiedliito
offoot, nu<l until people recover their
Edited by
Joseph 13. Lively
ARKETS
Mr. Lively’s ltrrii?y»flvi*
yer.rs r::jterlcnc»» «f mb
Itlng nmrUcts to Atlanta
and the Houth has made
lilh) a recogulned au
thority Iu Ul* specialty.
TICS FLASHED
from Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
■OTH0P0P... people r_0Hpi
senses, n market opinion Is vulueles*
Imd weather of lost week lias cknugcu
the entire market outlook, und tlucti “
aro likely to bo erratic for sonw days,,
nnd executions, we fear, olll be Ulsup.
polntlug In wauy Instances.
New Orleans. Oct. 5.—Liverpool nt 13014
up It as due on our market. Spot U up
shows the strength of that department,
A dispatch from Ifcarne, K«»iiert*oii man'
ty. Texus. says: "Hlucc the cotton mar
ket has taken on an advance, the farm
ers arc taking advantage of It. and am
selling freely.
Prlvnts Wire to Ware A Ireland.
New Y'ork. Oct. 5.—Liverpool futures
opeued steady 11 up ou near aud 10 up on
Into. At 12:15 p. ul. 15 up on October
niul 12013% up on balance, und quiet, hut
Steady. wiles 8,090 spot*. 6.14d—la up,
Futures were due to come 908% up.
Liverpool cables; "Hood Ferule does
not think market can give way much at
R resent. Shorts nervous, aud still n large
iu» of them."
t’nrpeiitcr. Baggott & Co. say: ••Every
thing secius favorable to an advance In
the market In anticipation of a verv bull
ish gluner** report next time.*
crop, especially at this season of
the year.
It Is now dawning upoa the trade thht
probably the worst Uns not been told: that
13,00,000-bale estimates are lielng abandoned,
and that 11,000,000 will bo nearer the tig-
Well Bros., of Montgomery, In their crop
er could be called
tlnio. Repi
fairly fa
ravorable. The
period hnd a refreshing Influence ou thut
K rtlon of the crop which was subjected
the heated spell during August nnd
consequent rust, which was quite preva
lent. and deterioration which had
the cotton plant showed a reviving tend
eacr, the top ot the stalks becoming again
ijreen. in some Instances, the plant lir
deteriorated to such an extent that we
could not bat estimate up to that period a
considerable shrinkage of the yield, as com-
ffcwd *lth last year, In the Atlantic states.
• Alabama—probably a half million
to W0.000 hales.
. Ba September 20, we eatlmated that
from 50 to 60 ner cent of the cotton hnd
opened, of which probnbly one-third hnd
. , n Adhered, the balance remaining un
picked. while we estimated that 40 to 50
per cent mas still to open. . At this June-
Jure, as Is well known to the trade, the
tropical storm set In with violence In the
Atlantic and gulf states, accompanied by
torrential rains. Up to this date, the rain*
nive not ceased. All tnauner of reports
"firt'ng *he cotton crop are afloat. The
fftlng of the stalk, or liendlng over of
the stalk, (■ pointed, out as a sign of the
■topp.ife of future development or taking
new fmlt, which, of course. Is a
SJJJJffPW- no far. It la claimed that con-
0 P<*n <*otton has been blown
out of the Ixtlla, and l> lying on the
""''king, and will nrobobly not be
JSSSJ "P, The nmount of cotton In tills
w 11 ? r,n, nied to be conalderable; nnd
*• abundant reason for this
hnve lieen telegraphed to by n
srent number of our friends for an estimate
in in'V ,in,n f* that ho* l»een done, and
Lirini 'hstancea we have lieen reticent In
nn estimate, for the reason that w*»
:: to Vw 1 l,f#n nh,e *° thoroughly Investl-
!? ro,, ffh our own agents, aud re-
liistnnl. m othfr •***+§, In a great many
X ". nre opinions, and we fear, uu-
SenSSif* # . x *fk^ted. There la hanlly a
22a?t by which to be cabled, conse-
lie ,! *'9 Jwi'itRfU mould
When m*e tnke
after u m' u r,,, ° 11 th *! weather Ucre-
towsr.^, L -all-powerful Influence
the r#m r*y' n « nr minimising
dsmsrn ^ ther< * ( * nne fwtturo of the
that f. tu** ™ never lie remedied, and
n'i*llty L of that portion which
t"n daTJ P', n ,n -t b r during the last
ure Ii r A h ^<*t from the present moist-
rtverf f n r ^ards a top i%.p, may be d#.
Ste ^tluna. provided a very
Bn!!?*! J xnu1 ' 1 assured."
tat to ,h g„i!!f W week, accord-
York t ( iiZ r,n, ! ,| d ,nl of the New
rs cotton exchange, 384.000 bales, ugalust
THE WEATHER.
LOCAL FORECAST.
For Atlanta nnd Vlelnlty-Unln tonight,
followed by clearing and cooler Saturday.
WEATHER CC EDITIONS.
Cloudy weather eontlnuea east of the
Rooky Mountains nnd rnlns have lieciii gen-
ernl In southern Texas, the lower Mlasl*-
alppl volley and nt stations In Alabama,
Tennessee and northeastward Into New
Yotk. Ruin was falling nt Shreveport,
Vicksburg. Meridian. Memphis nnd Birming
ham this morning. The following heavy 21-
hour rainfalls nre reported; Vicksburg, 3
Galveston. 2.10; Cornu* Chrlstl. 1.90.
The pressure Is lowest over the Great
Lakes and ou the coast of Texas.
Moving lu over the northwest Is nn exten
sive area of high barometer central ovet
Nevada, while Its crest extends southeast
Into Texas. The ndvuurc of this high Is
i’ll using it general full of temperature to the
east nnd southeast of Its center, producing
killing front In South Dakota and western
Nebraska and light frost In iiortlieru Mimic
The conditions favor rain in this section
tonight, followed by clearing and cooler to
morrow.
COTTON REGION BULLETIN. t
For the 24 hours ending nt 8 a. ul. 75tb
meridian time, October C. 1936.
STATIONS OF
ATLANTA
DISTRICT.
•Atlanta, cloudy. . .
•Chattanooga, foggy.
Columbus, cloudy. .
Gainesville, cloudy. .
Greenville, cloudy. .
Griffin, cloudy. . . .
•Macon, p. cloudy. .
Montlcello, cloudy. .
New nan. cloudy. . .
Rome, cloudy
Spartanburg, cloudy.
Tooeon. elenr. . . .
West l*olnt, cloudy.
'Minimum tenqicraturcs nre for tb
hour period ending nt k a. ni. this dab
HEAVY. RAINFALLS.
Jackson. Miss l.$2
Vicksburg. Miss 2.74
Yur.oo City. Mis* 2.00
Alexander. La.. J-yJ
Drookbnvcn. Miss 3.3*
Cheneyvllle. fa
Mellvtlle, l4».. 3.99
CENTRAL
STATION.
Atlnuta. . . .
Augusta. . . .
Charleston. . .
Galveston. . .
Little Rock. -
Memphis. . . .
Mobile
Montgomery. .
New Orleans.
Oklnhomn. . .
Savannah. . .
Vicksburg. . .
Wilmington. .
I Mat. Average*.
ip
31"
r
REMARKS.
The temperature changes for the past 2 i
hour# were unimportant. Rain was geueral
except sloftg the Atlantic coast region; the
TODAY’S PORT RECEIPTS. w
The following tsbie shows receipts at the
year:
New Orleans. . .
Galveston. . . •
Mobile
Ktvaunah. . • • •
Charleston. ...
Wilmington. . . ..
Norfolk
Baltimore
Newport News. .
Brunswick. . . •. .
Jacksonville. .
I’ort Townsend. .
Total.
10289
1
2490
19928
1922
8439
»
INTERIOR MOVEMENT.
The following tap»# shows receipts nt the
Interior towns today, compared with the
same day last year:
Houston.
Augusta.
18288
3881
$
u*
456.000 Inst yeny.^and, for the sen son,
active and
313.009, against 1.651.000 Inst year.
~rd«h In New York was at.
pause proflta i
The finish In New lork
unsettled, with selling to l ■
a large scale, but price* were well held,
the close being barely steady. »045 points
higher, as compared with the dose of yes
terday. _ _
Estimated Rocsipts For .Tomorrow.
New Orleans..
Galveston « m -- in z
Houston 14.609 to w^OO
GIBERT & CLAY
1 «• ALABAMA HI
torret, provision*
ATLANTA. OA.
MEHDCn.l
Orlnn, Cotton Ex^h5n*o.|Chlni,o DotM of Tr«do.
8 rleans Rtock Exchsage.fLlveriiool Cotton Assoel.iuon
rlttn* Hoard of Trade.(Galvoston Cotton Lxcbuogo
Private Wires to all Exchanges.
L Mi . . . , Private AVlres to au Exchanges
•** 1 U»0 DiiUneo Toltphono 829*. W. n. FAGAN. Min™-
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Mein CE3.
Mill) OF STOCK.
Aiiinl^.imnti 'l L'uiiii.i .
Atlitullo Cua.t l.liic. ..
Alm-i-iniU Sugar It.t. ..
AimcmiilA
Ami-rlciiii [jxouiullv.,.
. -lo. nretorri^l. . . .
Aoi-r. Km.ltlDK Uet. .
do, iiroforrml. . . .
AtcbUou
. oo. prrr.rrod. . . .
Am.rlmu i.-nttoo Oil. .
Aui.r, Cor Foimilrx
JJjitllmoro fc Ohio. . ..... ,
BrookTrii lupiij Truq
• niimildii I'd cm..
Chic. At herthwct.ra
<'bnni l i.ok. it Obit
Colortulo Fu.l 4c Iron.....
L.inml lAKlbrr
<1°. iirrf.rml
CM*'. *,f-r«u Wv.t'o. . . .
L'blo.. Mil. 4k si. 1-. . . . .
I' 1 ?.)]"" * Uo'l—o
nioiiii.r • s.curi:;..... , , ,
• iiikiiia * euirMt
Arn.r. ly. HpcnrlllML ....
I.mlnr.-ll. £ KoohMUo.. . .
Moxlaiu C.ntnil 'Mu
Ml.tonrl l-n.lflc
Totnl .lock Mlm tortiiy 3lTnl1hnr.r
Nash: of stock.
V. Y.. Uni. 4( W.xl.ru.' . . .
Ntitlcnitl l.,(id
North.rn |-»rttlr. . .
Xov York Oninil. .
Norfolk it 1V.4t.rn. .
rcMti.ylrtinld. . . .'.
l-COIll.-. I .(If.
|‘r.>.fK| Kr.fi c»r.
pJS-Kfrr?-.
Rending.
Republic Steel, . , . .
Rock Island. .....
do. prefer rid. ...
Lnlted States Rubber.
do. preferred. . . .
Fnuth*rn Paeiltc. .
Southern Railway. . . ,
ilu. preferred. , . .
SIoas-SheitlGd
Teun. Cnnl & iron. . .
Texae & Pacific
I a Ion Pad He
Lnlted States Steel. .
do. preferred ....
Va.-Cur. Chemical. . . ,
do. preferred. ...
Western Union
Wabash , . ,
do. preferred.
^ .1 9g%_
Note.-^No dcslng'blds <
I’rlvsle Wire to Ware A Ldaed.
New York, Get. 3.~J>oDdon Irregnlar. but
*--vj statement look**- - ---
now obtainable
“tor
a ....
_ .■! — M —_ less seUlug
in the Southern group of stocks, due to
the advsuav in cotton that reflects a short
rop.
Sentiment Is still quits bullish lu the best.
quartern on Steenj. mpl would favor taklUL i
ou Aii.elgainateil and Anaconda, rhoulu
they show declines, although attention Is
Mng diverted to Copper stw-'ka on the 1
curb.
As was stated yesterday, most stamL'irr: -
sctlve Ittturs me lendy for betterment, mho
little change *rot.i yeitcvrday'H Individual*
Is to Ik- ro,a>rte<;. Technically. Ltibrn nn-.l
Southoru b^ksI/I^
I soft,
Atchison Is dm for a moderate reuovori.
8t. Paul Is lu the trading ju»$Itlon—171 sun.
Port. 177 check. New York Ceutral la
weak.
Low.Jones’ summary: American stocks
In Loudon Irregular, mostly above parity.
Money conditions Working easier ubroad.
Cuban Injnrrectf-B continue to dloirm.
OoM fiigagemeuts now total MD.OW.too, of
which lif.iWi.JOO Is still to grrlvo.
Ilctmrr and Bio Grsnde enrnlugs fourth
r^-ck of September show gross Increase of
- THE 1ST HOUR
Important Houses Were
Buvcr3 of All Promi
nent Issues.
NEW YORK.
The following Is the rang* In cotton fu-
tnr»»q In N«»w 9V>rk fmlar:
rtet. . .
Nov. . .
Pec. . .
Jan. . «
Feb. . .
March. .
May.. .
June.
"aly,
nc
i liTi In
lo.«5|RMm.siuTM
W.n|l0.95 10.M 10.*
in.n w.di n.7i|ii.,i n|
in.931Ll6 u.ftj
ii.on ii.i5 ii sihi.i:
11.01111.01 11.01 n.oi
ii.o.’iii.itl)i.oi|iuon.i;i4
lo.od liurWy utMiily.
I
ll^Ti
11.01-03 11
haw
■
11.13-12
n
mm
10.43-45
■0.61-63
Ho. 65-67
lo.a-to
10.74-76
fsIVKHPOOEi.
JJSJ *a\'°y n 8 /fath* opening
cloSr c,ol *» compared arlth y*st*rday's
Futures opened Arm.
Opening.
October.
Oct.-Nov.
Nov.-Dec
Dec.-Jan. . , ,
fisaas? 1 ::::
May-Jnn^ ....
June-Julw.
Closed feverish-
Ttnnge. rio«
...5.79 -5.72%
NOTES ON CRAIN
Pointer, on Frorl.Ion*.
Private Wire to Wert A Leland.
Ctilceso, Oct. t.—Believe one can buy
some wheat ubout ye,terdny'e low
prices and get a turn out of It. Ctblee
good undertone end large holding,
here remain Intact.
The wheal, market does not look
strong this morning. They eey cables
little too strong.
The Inter-Ocean «eye: Traders In
the Wheat pit credited the liberal sell
tng by Hulbard Warren to Valentine.
The latter was not In the market
openly yesterday, but watched
closely.
Parts of Missouri that have been too
dry alt the season, art now complain*
Ing of too much rain. Charleeton. Mo.,
had nine days of rain, and the corn
cron Is not being benefited by It.
Cash business on wheat In Chicago
yesterday was 25,000 bushels mixed
lots; corn 110,000 bushels. Including a
round lot all rail to Balttmors, and
oata 254.000 bushels. The seaboard re
ported 125,000 bushels wheat, 10,000
bushels corn and 60,000 bushels ot oats
taken for export.
There were clalma 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 albert ft clay.
Chicago. Oct. 5.—The Record-Herald
says; You may record my prediction
that America will be exporting wheat
to Russia before the end of the pres
ent crop year." said William Dunn.
“The situation appear! to me to be
most remarkable. It Is seldom one see.
conditions In the wheat market ao fav-
orable for the speculator and Investor.
You can hardly ask the fsrrtter to sell
wheat on the basis of SOc per bushel
when he had raised only 4 to 11) bush
els to the acre, as Is common In many
sections. 1 think the northwestern
NEW OR!,BANS.
TUe folloirlne t* llj* nine* lo rntton fn
turf* In N*tr (Yripnn# tfrinr:
I f
?h?| i
W43|10j®rn.M.Vlilf«L4l
l2.Mfj6.95n9J.9919.4g41
I0.92jll.01j]!,fl1.62 10.67-54
lt.il lLti lt.I4-19 W.7MI
11.22lll.«|10.27-ri 10.79-21
.......... u-HimoiiB
n|ill0.94 10JIJ6 10.6562
N a*. ....
I»*c
Feh*.
JURP. . . .
July.. . . ,
infittB
tiioViba
ll.SSjll.24
tuiii'o
ll.641t.59
loiiilw.io
riow*f| Btcnilr.
MONEY PLENTIFOL
TO CflREJFOR WHEAT
Farmer Has Powerful Al
lies to Manage Record-
Breaking Crop.
Chicago, Oct. 6.—Who wants the
wheat In Chicago? And that destined
to come here? The last half of tbs
question IS a great dial easier than tht
flfet.
The farmer, of course, still owns the
great bulk of thla ysar'a record-break
ing crop, but he baa powerful allies. If
the names of the tatter were known It
would clear up a great deal of anxiety
In groin circles tin world over.
It Is a conservative estimate that
there are 25,000,600 bushel* of wheat
bought and owned In the Chicago mar
ket outside of regular .grain circles.
The figure might cn.il; go a few mil
lions higher, and probably It will be
fore the campaign Is ended.
Charles Bwetncy, S. C. Schwab, A. I.
Valentine, A. J. Llchetctn and Albert
Dickinson have Invaded the wheat
market with money In ths belief that
more Is to be had In owning the prop
erty. The two last named have their
wheat reduced to a merchandising ba
sis, owning It outright In local eleva
tors.
The Dlcklnaon holding Is u strictly
merchandising proposition from first
tp ^r others? Well, they would spec
ulate a little of ths chance looked right.
Mr. Schwab Is too well known to
crop was vastly over-rated at the be- 1 need a description. He Is said to have
WARE & LFLAND'fi
DAIS.V COTTON LETTER.
ffeic TorJ, Oct. 4.—Th* excitement of last
TA . r ' r i T J nm f ,n fompsrlson with
the sensations! developments ’thof started
Jlntnrday moraine, and hnve continued on.
Interrnntfdlr erery dnr this week. Front
Mow 9e, teh ninrket has ndronced In the
'll ^ !'. t \' r nod hounds, sod has
,n 1 fashion that has ran.
derert both holla and Ivors extremely can.
Uoits and eonserratlve. ktsrtlng from the
gulf storms nnd heavy rnlns In nearly all
acetlons of the cotton bait, news has 1 men
of the tnost bullish kind. and. ■> o result,
abort covering hns neen xolnx nn dally
nnd hourly ot a rate that nl.sorlmd nil the
floating snnptr. ond there was nothing for
buyers to do tint ndrsnee and advance nnd
advance prices. To have cotton advanced
2 cents In ten days happens hot on-e lo
many years. and„Bs s result, the trade hns
l>#en thrown rontrletely nt sen. Now !|mt
the fever la on, the excitement hns got to
nut Ita course, nnd until there nre signs
Of an almferaent of the - furore.ether,, will
be little disposition to sell cotton. We enn
nnly say thut aerrhm-nt on cotton bos been
eompleety cl snort*, on t it widely flueruntlug
murker with dltcrniitc wares of buying
und selling eno new be expected until nftcr
frost dotes nnd something Is known about
tho crop.
ml!.Onus dccreaaed .20 pel
New \o,k. October i-tiuraVtll, Spader
« L'o.: 'Today's market docs not prom,
lae to lie on eventful one. bnt wo nre
rather more Inclined to took for atenny
pressure nnd heaviness than the rerersv.
There Is uothlny upon which to urge Im
mediate action in buying stock, am! ne
bellero liettcr opportunities will take piece.
New York Financial Bureau: Tho
entire standard hat of active stocks
seem to us to be ready for a recovery
any time. If aatisfactory shortage has
been established It may take place any
nour on the proapect of a good bank
statement tomorruw. If not. a little
mors (regularity with a specialty or
two put up may be expected. We ad
vocate strongly the purenuse of ths
standard active Issues as a whole on
any soft spots. The narrowing tend
rncy I* significant of nothing but i
hardening during a waiting period
which may end any time now. This
position takes Into conslderatl
the news of this morning. Develop
ments orer night ar« Important In
many ways. The Hsarst campaign doe#
not sesm to us to gain any strength,
while ths presidents Pennsylvania
speech contains nothing mcre'than his
previously expressed views. The ore
deal may be announced any time,
cording to our Information, und It
would cause n rush to cover In nil
probability. The disappointment ovet
dividend artlcn wi regard as depress
ing to sentiment, but tht outside long
Interest was two-thirds shaken out re
cently and while profetudona! flentl
ment as a whole may be somewhat ree-
elmlstlc, a glance at fundamental! with
an Improving monetary situation can
not but reassure the calm ledge of In
vestment epeculatlve conditions We
consider very - Important tne chamber
of commerce agitation for new curren
cy laws arid believe thO central bank
Idea the best; first, because It has been
thoroughly tested abroad and, eecend,
because federal central will appeal
more strongly to congress than a com
plicated nynttm otherwise and would
nave a better chance for eucceaa.
AT ADVANCING PRICES
Wad Quiet and Persistent
Buying of Ateliison
During Morning.
CHICAGO CAR LOTS.
ginning, a#d that It will go Into his
tory as the fake crop of the genera
tion."
W GATHER - FORECAST.
Georgia. South Carolina and Knstorn Flor-
In-Pnrtlr cloudy Friday and .Saturday.
North Carolina—Portly cloudy trlday:
vtordny almwert. , .
Western Florida. Alabama and Miss 1 --
alpnt—Showers Friday; Saturday fair,
lytuhdnna—Rain Friday: Saturday fair.
Enatern Texoa-Ralu Friday: rooter
northwestern portion; Saturday fair.
Western Texas. Oklahoma, Indian. Terri-
try nnd Arkansas—Phawcri ond coo.er Frl-
u; Knriirdny fair. . . ,
Tennessee-Fair Friday and Saturday
somewhat cooler Saturday.
WEATHER IhTwHEAT BELT.
Axtrrtne N-irthwest—Oloudy; 00 to 21
above: generally cooler.
Northwest—Partly cloudy; #> to 4! above:
towers In Huron; killing frost In Bepld
tfeet and Sonthnest-Parlly cloudy: It
to «l elmve; general rn ns In Kousns; loc»!
rains In Missouri nnd Illinois.
Ohio Vnlley-Oenerally cloudy; 44 to 70
nliove; gvuernl rains.
NEW YORK COFFEE MARKET.
New York. Get. 6.—The coffee market
o^r.ed it a decline of 1*10 under lllht of
ferings. There scented to lie no deuiaii l of
consequence. There wns not much feature
to the news. The Knmpeun markets hard-
iy responded to the closing gains of yester
day In the local nmrkel.-Olliert ft I Iny.
following Is Ihi. opening ranxenml efose
of the New York coffee market for to-
fiSf! (tne,tine
nose.
4.40-4.45
S.45-S.7D
jflg
ISIS
January
February
Msrrh
Stay
July
Angtiot
Hepreutlier. ». --
Oetnlter
NnvemlH-r
Deermlier. ... ••
Ctuoed steady.
, .4.41-4.70
..4.46-4.8a
. .4. (5-4.I0
. .4.40.4.01
..4.4V4.S)
. .4.457.00
. .7.00
. .?.»)•-. 15
. .7.06.7.15
..4.404.16
..6.664.S
..6.40
betwen 10,000,000 and 12,000,000 bushels
of whsat.
Schwab’s wealth was at ono time en-
tlmated as high sa $40,000,000, but pop
ular estimate gives him a great deal
lass now. In tuty event, however, the
handling of a line of 20,000,000 bushels
of wheat would be not at all a serious
matter for him.
CHICAGO MARKET REVIEWED.
Chicago, Oct. 6.—Wheat closed l-2c
lower. There were many happy face*
on the board of trade during tho ses
sion. Valentine had not only been
forced out ot hla big wheat Une, hut
he hod lost money on the big plunge.
When he woe at the head of tho Ar
mour concern he la said to have ttn-
■calped the local crowd to a standstill,
and tha locals are now scalping him.
Corn closed l-6c lower: oats were
up l-tOl-4c and provisions fraction
ally higher.
The week’s clearance* of wheat were
4.917,000 buahela and corn 624,000 bush
els compared v Itti t,072,u00 and 1,1*6.-
000 bushels, respectively, a year ago.
Cash salts hare ware If,000 bushels
wheal, 15,000 bushels corn and |90.ooD
bushels oats.
The seaboard reported 22 louds
wheat, 2 loads corn and too 090 bushels
Ofl|,
Primary wheat rtcelpte 1.559,542
bushels nnd corn 548,000 bushclj.
against 1,242,000 and 622,000 bushels,
respectively, a yea? ago.
Clearances were 242,000 bushels
wheat and 179,000 bushels corn no ou'-e.
Wheat.
fern..
rtnrs..
lings..
COTTON SEED OILe
THE SUGAR MARKET.
New York. Get. 5.—Lor*! retinal mm! raw
iugar market *teu<1y mi l tUtcbmijiM.
tsoixlon beet* quiet; October ( j* 3%«l, N ft -
trailer •* 2%rt.
8T0CK8 REVIEWED
BY NEW YORK SUN
New York, Oot. 5.—The Sun says:
•’The total volume of transactions
ivas only half of that of the preceding
mock exchange nesslon. The direct
cause for this notable falling off In
| bueltiese was, of course, a curtailment
cf nperr.tlnnH of the professions!* of
ao-called higher rank, but what the
motives were that Induced these op
erators to withdraw from eho market
were pretty largely matters of guess
work. In tho early port of the day
there were those who declared that
the hcelt.incy of the riiarket was due
to fears that tnettc- for dlstut banco
might be found in the speech of Hie
president of tha United States lo be
delivered st the dedication of tho new
»-->» r-atutd nf Pennsylvania at Har
risburg, bul printed abstract* of rats
speech snowed that the president had
done no more In hln nddress thxr re
iterate his familiar views conv.:mng
the supervision of cnrjxwatlons by the
SOUTHERN EXCHANGE
Oldest Established Office South.
conox—STOCKS—MUDS—BWIR
Ground Ftonr <K»uI4 ttu tiding. Dally
market letter nnd market manual
malted on application.
juBbss.a.'-suasjj
L. J. ANDERSON & CO Jj
Bankers and Brokers,
COTTON. STOCKS, GRAIN
Correspondeors Cipllil $250,000
Xt»\r Ytirk. Oct. 6.—Tmiiinctlona lucres*M
eon*Mc*nil l;. Ill volume oil tb** *tock
chits** till* ni'n’tilu*. but th* urenter sctlvlty
«rn* coiifliifU entirely t» * few select *t»>< 1 *.
Aiuflliatr.mteii Copper n<Irnncr<i very aiuirp*
ty, tkv tuoreneot Iicltif l«t*«3 on the exi"-e-
tntlrto. which appeiirn to Im well fo*ut.|.-l,
tbit the renmrkNble Htrenxth of romllth n*
In ih“ cunpcr trad* will Induce n further
iMrH*nd Inrren** nt tki* mei'tln* to bo held
In two week** time.
fooler literal udvnnCe I to new htfh rec
ord Hjnri'i nyrnln tht* morniii*. ntnl tin* fu*
rlonx sjit 4’iilntioit (n cnpiier uiliiln* nbitrc*
ou the erh market wan renewetl
New 9 ttrk, Oct. 6.—Th« *tock market
opon^tl ntcfldy In tort* with price* in a
mrjorlty of eiiHe* unrhniiKvd. or ohotvln^ *
ipiln of from % to %. ('iwimllnn Pndflc,
however, continued weak, off IVhii-
sylvanU dewn %. Sn»*r %, nud Rubber
con.uioii % loner.
Tb** United Htnl
NprHillr firomi ...
I’rtclflc nnd Houthrrn I'srlfle jren* nt rnrlcii*
Intcrvnl* extremely Mtronjr Bnt the more
confident feelliiK which Up* rl#c In th****
atoek* engendered Iifiil no greit effect on
the rest of the ninrket. Trading lu other
stock* wn* very dull, hod th**lr prices wi re
little chtiuged. It nppenrod flint th** spot il
lative energy renminbi* wn* too llinli<*tl to
be ftliaorlied with more tlinu n few *bare*
nt n time.
There wn* nnrxp«*etril strength nil thronuh
the lint during the grentc/ part cf the flrnt
hour, with Importnut houses heavy htivern
of nil the prominent Issue* nt higher price*.
There wn* qnlet. i»ersl*tcut buying of Atchi
son.
/ Government Imud* nuchnnged. Other
tiond* Active.
ALL NEWS FAVORED
HIGHER PRICES
New York, • Oct. Si—'The Bun says;
"Persistent reports 1 of serious damage
to the crop, rumors that another heavy
storm was coming up In the South, a
prediction nf colder weather In the
Southwest, heavy covering of shorts
and a good deal of scattered buying for
rise, all contributed to bring nboui
another advance. - It wns sufficiently
large, too, to show that the cotton
market Is n broader affair than It hits
been at nnk time for a good many
months. Professional operators, while
they have n certain Inlluence, ure m-t
able to dominate the,speculation. Thu
South was offering spots less frrelv
end demanding higher price* for what
It does offer. Some bullish reports n - .-
sert thst Ihe loan, r' cotton by tltn
recent storm was naif a million bale,
and that some 5.001,000 bales m >rq
were stained. This I* not accepted by
everybody, but the-impression Is thut
the South lost a good dent of entton,
end the quality also suffered more or
less, while In three limes of great pros
perity In the cotton goods Industry the
demand from Ihe mills runs very lame
ly to the belter grades of raw catloio
Very Hide attention was pal,', to too
liberal estimates of-receipts today at
New Orleans und Oulvestun for the rea
son thnt thr total crop movement uj
present la comparatively small, far.
telnly It Is falling rar below whut
might be expected If bearish crap i -t I -
toateu are anything like correct. For
thut mailer, however, there is h-u talk
about a yield of 12,006,1)00 bates, th-mxl!
some stick to these IJgnres, nr.d more
nhnut one of from 11,000,000 to lj.nou,-
000 ot the. most. A late full, however,
would naturally make an Immense .11 f-
generul government, 'fo meet observ- "At* "nSm/hera* eenn„-iE
evs the actual newu of the day ueemed hrivtiv 8 U b>w™dr?enn« ' ii
favor very positively the conutruct- JjW* ’ , r 1 t, n , n ,
aide of the inaritet. An Incli1-j;it of •’JV.'!’** A”"J**.,51*“*.J* .I nnrkot ’
Ive ■
the da; Jttnt 'orfnro the and of tha see
slon which wl'l surely tail for no tilt.ee
comment, was the announcement of 'ce
directors of the Chicago. Mllwaukoe
und Bt. Paul Railway Company In muk
Ing public the news of gross Increase
In the company’s ournlng* for August
of t711,6Au, that hereafter the new
earnings of their company will not he
given out until the close of the fiscal
year." -Olhett ft Clay.
rHE LONDON STOCK MARKET.
f’ble., Ul.. aud kf-. Paul....|l7lgl)76t y ;174V{
Uhnoix r’enVrri'. !! ElTpJ'lTrnJdT?'^
Is'iilsrllle and Nrshrtlle. , . . !44 1 i')Miyi'7Vt
W?l tl
^*rw r»*'.fle...
'•Hon l*rt lrt*
L'nlfw! Htntf* l*ti**l
JBSmSmShhb
:: tMti'iM "in 6;
.sms*
adding thnt the crap has been ovc
esttinntcil."—tllbert ft Clay.
New Orleans, Opt. 6.—Ths 'riini-e-
Demncrat says: "Aside from all ron-
,’lllons of imlmatn supply and demand,
the possibility of a spot squeeze In
-ictober, scorned heretofore, line be
gun to figure In profess loon I calcula
tions to a marked degree, a fact which
practically ellmlnateii fresh short sell
ing. thus doluying the coining of relief
to the old short Speculative InterrM,
the long end of which I# held by ex
porters who are not yot reedy to work
out their hedges. At New York tho
October rontrnct viiltie Is non- above
that of December. Should tin- New
Yotk stock begin tri dwindle before the
Southern spot markets are In position
to more than supply the direct trade
demand shorts will hardly escape an
other nqueexe'. Meanwhile the manip
ulator Itaa taken nn active hand lu the
game, consequently the ramifications
of ring endeavor nrb again too complex
for comfort.”—Warn ft Lelond.
CHICAGO GRAIN MARKET.
Irsgo arem sad prerlsioa quotations
Opes, ttlgh.
ffllg&a
IKS K r m
6.15 6 00
M S3 5#
the primary movement.
The following iianres sire the primary
"^aWl^^^ttslnst
»ssyag*!U6 k
’Vnrn—Berelols t6L049 hushels, enlnst
iiMitb fi'Ofii.y): 1-lgs 7*900^40: , -
14 7^5.75; a,-nd to choice iiciivy 94.7M4.ft.
Cc t r tc—Fat I tus ret 9.400. M^kct sD'ca;
nnellty fair: Iweves ttf|C: cow-s tltotlt s'.
Itelfcre r.’.ywS.fS: calres ft-STfll: prime
steers KJtWTi poor to IID-Itam 2IC5; stork-
era nnd feeders 4i40*f4.42.
Shec|»—Esrtuisie-t H-Vto. Meeker >[s-4r:
••Uiillty fnljj JJltj^ 33113.49; yiflfrtL.^0.**
» % ss m j|h
l»A I H—
MP-S BMP
J.mlll'teft 12.62> 12-47H I2.47H U-40
so m n is ii
BIDE*— V
22::.. W W ^ ^ W
LIVERPOOL GRAIN MARKET.
Whset-Opened u# lejreri e» ia» p. tg-
tjc higher; c|ose<l 447IS'- higher.
I'orn—oiwnt-tl V lower to uuchengedi st
l^i p. uu! He hlfh'r to guebesged; closed
mu-ha aged to ip- higher.
NORTHWEST CARS.
rSK?* 1 ""'"' HWfct Mlyncnpohs. ...... »»
J. t. IIOI.I.KMAN. I'rcHl-Icnr.
F. j. I’.t.Y 1 *N Vice-President.
W I. 14I’ll 1*. Trcusursr.
J. W. tNHUFtVB. Hccretsry.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000,00
One dollar starts an ceeeunt.
Heurst 9 a. rn. to t p. m. Sat
urdays till ■ o'clock st nifhL
, oiaccToat ■
THOU. J. FKRFI.KS.
W. It. STOVALL. F. J. I'AXO.y,
W. O. FOOTK. I. T. Itoi.I.F.rf AX
ri.vim mmoKfl.j. M. Johnson.
21.7 —
WM. t. I'KF.I. President.
ROIIEUT F. IIAIlflOX. Vice rr-sldesl
TI'-iMA* J I'KKi'l.h*. S’sshlee.
JA'IP.S II. i.KSTr:i!. As*l*t»nl Cn
JAk. I>. tVIMlkOR. Asststnnt fs
JIADDOX-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 nnd compounded semi-
amutally in our Savings Department.
1 Safe Deposit Boxes
I For rent in our caults in ibr bazemenl of ihi
Empire {Building for only $5.00 each per
annum.
Abtolttic Stmniy and all Modem Conoeoknctt
You should no! be without one. We InoUi
you to call and inspect them.
Title Guarantee and Trust Co,
J^W*,-WWV9W