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Itinfll WAS WEAK. II mu_ SESSION ILiverpool Was Better Than Had Been Expected at the Opening. CLOSED SHARPLY OFF [jfew York Offered Slightly Lower, Later Turned "Weak and Declined. THE ATLANTA GEORGIAN. TUESDAY, OCTOBEIt 1C. 1506. 13 NEWS AND GOSSIP Of ths Fleecy Staple. New York, Oct. 16.—The local cotton I merket opened steady, up 6 to 9 points. I Immediately after the opening the Eng- lllih market sold oft 6 points, which I would have made a very weak feeling I here were It not for the weather news. Liverpool furnished the American cotton with another surprise this mom- liu' In fact. It was a double surprise, the'first being an advance of 2 1-2 to 4 Mints, when It was expected to ahojv declines of from S to 6 points, and the second a loss of the early advance. The rise was apparently the result of American manipulation—the decline be- Irif brought by liquidating sales. The dote was weak at about 13 points , *Wowln» Is ta» range la the active Booths In Liverpool today: Open. High. Low. I Ocleher Norember.. .....I.OT 6.1*14 6.03 I jMosrv-February 6.02 6.1414 6.99 "“h.April 6.06 6.1914 6.03 I Uirjnne "6*06 ®-19V5 6-06 I Spot eales aggregated 7,000 bales at It decline of S points, making middling I *The opening Jn New York was dls- I appointing, though advances of from 4 I to to i Ints wero shown, being barely Is response to the Liverpool early ad- I nnce. I The Initial prices wero practically I the highest of the morning session, I prices starting downward Immediately, lifter the opening, commission houses I and room traders having considerable I cotton for sate. Later on general selling I from the South and Liverpool, together I with hammering by floor operators, the I tone turned weak and prices declined I rapidly, catching some step ordors on [he way down. Mr. Price does not understand the I situation, judging from 1 the following I wire from him today: I "1 haps been at a Joss to understand I the heavy selling In New Tork with I which the strong Liverpool markets of I the past few days have been met. It I has come for the moat part through I McFadden’s brokers, and from what 1 I hear and see this morning, I am of opln- | Ion that the bull clique In Liverpool are I holding up that market while llquldat- ] lug their New Tork Interest, which I was very large,, under some under- | Handing with New Tork.” A private wire from New Orleans I lays: I "Bearish sentiment la strong, and the I market will be hammered severely on I anything like good weather. The sell- I Inc this mornlhg Is due to the fact that I the weather map' la better than ex- | peeled.” I Comparative receipts at all United I States porta: | Net receipts today 88,060 | Same day taat year 06,864 Increase . 22,206 I Total receipts for three days .. .. 2W.844 Same flays last year 189,111 Private Wife to Gltiert & Clay. , **,Uct. 16,—Liverpool opened 214 to 4 higher. Expected 6 to 6 tower. W* should open nliout to to 20 higher. ItfMJTrpool cobles: ‘'Advance mused by Unilted offerings. Further rains reported. Little^Rock^dUtriet! '' Bht * h ° Wer ‘ “■* p?. t i2 r ?v^ , l r “ , i!w, SM .n re out n!l the wa y from Cnpe god to Florida. nwVe , L oC ! c, » 81 . *t*temcnt In tbe Crop ^ UBt any» tUero will be __ condition report n« of dnte of October 25. °*K Ue3 i t re I>ort on cotton to lie Issued by the bureau of atattattca of the depart ment of agriculture will he estimate of cenIber 8 lS r0<1UCtl0U ou or obout I,e * Commercial eaya: "If a decline -msum really ouce got atnrted there are many raaaona for believing that It might be aenaatloual." llnggott ft Co. any: “Trade conditions of the world, along with the re* 4®ve favorable to the bull side. We must admit that we are S uzzted. The market Is sensitive nod wide uctiiatlons may l>e expected, so that It la no time for operations on p ‘shoe atrlng* margin. Inveitmenta can probably be made with supcesa on every side ofter decided Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-flro years' experlenco of ed iting markets In Atlanta and tho South has made him a recognized' au thority in his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Increase .. .. .. 89,233 I Total receipts since September 1...1,548,153 I Same time lnet year 1,775,119 „ MOVEMENT AT ATLANTA. Receipts today 1,528 Same dny last year- .. 1,029 Increase ,, ,, ,, ,, ,, 499 fthlpmeuts today .. ,, „ 1,600 Same day last year .. .. 900 Increase 1,890 Jt« ok on hnnd today 6.965 unie dny Inst year 11,620 Decrease .. ,. .. .. 4,665 ESTIMATED BECEIFT8 TOMORItOW. „ 1906. 1906. 5ew Orleans 10,600 to 12,600 6,048 Onlveston 13,000 to 15.000 9.652 Houston 22,000 to 23,000 10.019 In the late afternoon there was a re newal of strength In the New York market, due to a better tone and some buying orders frbm New Orleans. Shorts also were covering. At the close the tone was steady* with prices Bet 7 to 9 points lower. , SPOT COTTON MARKET. Liverpool spot cotton cosier; middling iplnni!* 6.54; sales 7.000: American 5,400; •peculation and export TOO; receipts 14,000; American, 9,100. Atlanta steady at 11%. Jew York* quiet at 11.25. - Orleans steady at 11%. Bales 1*360 tellverci on contract 100. Aufusm steady of 111-16. eavsnnnh quiet at 1015-16. ft. Louis steady at 11%. Hunston quiet at 116-16. ho»ton quiet St 11.40. Bn tlmore nominal at 11%. bslvesion steady at 116-16. Mcim.uis steady at 11%. MobiU quiet at 11. Umrieston steady at 10%. “Evertyhlng do- nlshes another argument against high quo tations." The Journal of Commerce say evidence ot aolld strength wet the dry goods market on the oj terdny. The malls brought lu plenty, showing that October datings were being honorod and also many renewals of orders given some time ago. ■ of many new orders, with — „ high level supplementary demand large and the geuernl demand quite beyond anything looked for at this time, the confidence ex New Orleans i ing to the differences. The locnl traders, led ig and stop-orders art „ New Orleans, Oct. 16.—Liverpool about 5 up furnishes another surprise. Was due 3 to 4 down on New Orleans and 6 to 6 down on New York. We should open 16 to 18 points higher. Liverpool cables: "Large speculative or ders were put on tho market, causing the advance. Offerings from America were very light." Storm Warning—Northeast storm warn* Ing. 2:94 p. ro.: Miami, Jupiter, Jackson* vllle, ftnrannnh. Charleston: disturbances off south Atlnntlc const; will cause high northerly winds on Florida und south At lantic const. Our traveling representative wires from Columbus. Miss.: f ‘Ten per cent will cover dnmnge this section. East Mississippi has big crop." Market easier on free offerings. Bears seem to have more confidence, but are not, however, very aggressive. Unyne bids 10.64 for 10.000 March. We hear that a slow, drizzling rain Is fall ing pretty generally over Texas. Tempera tures are lower. Wnco wires us that It Is cloudy and cool sud looks like more bad wcathei 6 to 6 down. Nexjr Orleans, Oct. 16.—Cables are fnvora Me, and, together with unfavorable weath er, should cause un advance .of 8 to 10 points on oqr opening. Telegrams from Houston say that railroads are suffering from washouts due to heavy rains In easi Texas. v Very little rain Is Indicated on the weath< er map. Temperatures are moderate. HEDGE SELLING • WAS A FEATURE NAMES OF STOCK. Amalgamated Copper.. otic Coast Line. .. AtUnl American Sugar ltef. .. Anaconda. , * . , American Locomotive,. . , , do, preferred, ...... Amer. Smelting Bef do, preferred. Atchison. , # # . <lo. preferred. ...... American- Cotton Oil Amer. Cnr Foundry...... Baltimore Ac Ohio Brooklyn Rapid Tran < jjnndlan Pacific . . J-Bic. ft Northwestern.. . Chesapeake 4c unlo. . . . Colorado Fuel .V* Iron.. •. Central L* n tb«M- do, preferred. . • . . Chic. |V I,,,, if Vi flut B Chic., MU. ft St. P. . | nrt\n ttre * Hudson. .. . Erie W 8 Securlt1 **- •• • do, preferred.* ,* .*,*1 * {jf-iwal ■toetele IIHduI. Central Amer. Ice Securities. .. . Louisville & Nashville,, . Mexican Central Missouri Pacific. w-h Ul y Total stock sales today 601,300 shares. NAME OF STOCK. N. Y„ Out. A Western, National Laud. . . •. Northern Pacific. . New York Central. Norfolk ft Western. Pennsylvania. . . • People’s tii Steel c«r. . . do. preferred. . Pacific Mall Beading . Republic Hteel. . , . . Hock Island. do. preferred. . . . United States Rubber. do. preferred. . . . Southern Pacific. . . . Southern Hallway. . . do. preferred. • . . Sloaa-Sheffield. T . . . Tenn. Coal ft Iron. . . Texas ft Pacific. . . . . Union Pacific. Ya.-Car. Chemical. do. preferred. . Western Union. . . Wabash do. preferred. . Wisconsin Central. . do. preferred. . NEW YORK. .-tr®. FolloTvInt- I, the range tn cotton fa* turn, in New York todey: a I A 5 3 Si 1 III Oct. . . . Nor. . . . Doc Jan Feb March. . . May June. . . . July.. . . . 11.03111.03111.02111.01 11.1911.20 11.06 1U2 11.20 11.20 10.92111. Ofl 11.23 11.2310.97 11.07 iY.o]ii*.46 iiliijiLM u.mi.44ii.mi.3f 11.36 11.36 11.36 11.* 11.64 1L54| 11.3011.39 ro* 11.05-07 11.02-03 11.07-08 [rtf it 11.23-24 11.90-31 11.33-37 11.38-39 11.11-13 11.13-15 11.10-12 11.15-16 11.23-25 11.29-31 tuHo 11.42-44 11.45-47 Cloaca stood/, " YLc following table giro, the opening c’os.: nn( * c 0,e ‘ compared with yesterday 1 . Future! opened quiet end steady. Opening Fr.Tloua n „, . Itnnge. Close. Oloae. pc'oher. 41.22 6.06 6.18 n ‘-Nov 8.07 4.17 A03H 6-13 N«- 'oc 6.02 -6.1214 6.0214 6.0814 S*? *? .6.01144.11 6.9S 6.08 ..6.02 4.13 5.9914 600 ••664 4.1614 601 61014 •■60C 417 6.03 61214 ■■668 4.14 6.01 6.14 —668 4.16 6.0B 6.16 ..610 4.16 6.0614 ,61614 NOTES ON GRAIN Pointers on Provisions. New York, Oct. 11—The Sun says: •harp advance here due to s rise of a half cent In Liverpool an<l very heavy rnlnn In Texas, Oklahoma and Indian Territory over rdav and Sunday were partly lost under .^ Influence of heavy selling. A goyd many people think the market a little too Wild. They think a rise of $10 a. bale dis counts n good deni. Meantime, the — ta arc Increasing, both at tho P the Interior towns. Selling out of jes was a feature. The demand from shorts was less urgent. The outside pub- lie hesitates to tske hold. The trading wn*. therefore, mostly professional. New Or leans and the South sold. So did room operators and Wall street. Much depends upon the weather. It will have to he good to raise the crop needed to meet a world's consumption, which Hester estimates at something over 12.250,000 bales, the figures of last year. Bulls think It will be, at the very least. 12.000.000. The market hns been somewhat overbought, but bad weath er would be likely to send It to a much higher level, despite all opposition from professionals. With favorable weather. It Is likely to sag; at least, for a time. — Ulbert ft Clay. New Orleans. Oct. 16.—The Times Demo- erst says: "After causes underlying the troubles that now beset the middleman ami the speculator, the talent la apt to over- Herein her. . fe • % . . . I™M SUr.,.,. "•I***, loo November at 18. THE SUGAR MARKET. New York, Oct. 1C—Local and refined and Lmuk 1 *? 1, m, *ri**ts steady and unchanged. r :r;; d nrraor: 0c ‘ ob " 9 ’ ", * - - fnrilltnto the transfer of cotton from the fields to the spindles and ultimately into 4he bauds of tho cloth merchant, und on the back of the wearer of clothes, and not merely nu Instrument to he made use of by the lone or tho short, ns the occasion requires. The ramifications of the market are be wllderlng In their complexity. Therefore, the average trader or operator Is the more liable to confuse offset with rnu«e_ than he Private Wire to Ware ft Leland. Chicago, Oct. 16.—The wheat market shows an evident short Interest, and as the news this morning Is not of a strong char acter we believe we'wlR see a weaker mar ket for a turn. Buy corn nud oats on any weak spot to- nr. ^ I/)re w» f a good seller of May wheat. The pit crowd took It and are working for n rally. Wheat barely steady. Appears to be a little buying on the break, but lougs are watching closely. Bartlett, Frasier ft Carrington sold 200,000 May corn and still offering more. Oats heavy nt start, with long oats com- lug out and no uolable demand. Cash wheat In Minneapolis was In fair demand with premium %c lower. No. 1 northern was 2%c over Decernl»er. At Kan sas C Ity cash wheat was slow sale, with prices %e lower. An Omaha message said that a Lincoln elevator sold 5.000 wheat to nu Oklahoma mill at 71%c, Kansas City. .This Is about lo over Kaunas City’s best bid. At St. Louis the cash market was dull at %c decline, No. 2 rad wiling nt 75©76c and So. 2 hard nt 72%©75%c. The lluugarlan wheat crop Is officially es timated nt 190,000.000 bushels, or 83,200,000 more than last year. Contract atocku lu public eleva ton: This Last Last Wheat. Week. Week. Year. No. 1 hard 122.421 122,421 No. 2 hard 698.162 703.833 137.471 No. 1 red : 107.602 107,602 No. 3 red 8.047.160 * 8,010.70J 3,195,473 No. 1 uortheru 91.701 18,819 .. Totals 9,066,947 ijSSTsS Ittt,944 Corn 692,300 1,108,069 1,470.142 Oats 886,878 1,083,034 3,91(2,411 THE WEATHER. LIVERPOOL. F-li.-March.'.'. Marrh-Aprll.. .. April-May May-Jun, Jum’-July Uosed weak. NEW ORLEANS. lit I S3 ■3J! J — Oct Nov Dec Jnn Feb March. . . . May.. ... June. .’ . . July.. ... 11.30 Yl! 25 11.34 YU2 11.63 Yl!::. 11.34 YY.64 11.65 11.17111.21 Yi!6iiY.i4 11.14 11.22 1U4 Yl*42 11.4711.52 11.22- 24111.80-31 11.11-1311.19-21 11.18-1411.21-22 11.22- 23111.30-31 11.27-29 11.36-37 11.42-43 11.61-8* . 11.65-5611.64-66 11.60-62(11.69-70 11.64 G« 11.74-76 WHEAT OPENED HI LOWED LEVEL News Generally Was of a Bearish Average in the' Early Trading. LOCAL FORECAST. For Atlanta and Vicinity—Cloudy tonight and Wednesday, with occasional showers. W E ATH ER~CO.NDI TI ON 8. The low pressure area that was over the state of Texas yesterday morning seems to have moved sout beast ward over the gulf to the south Florida coast, the lowest huroine- ter In this section being nt Jupiter and Key of delicate machinery lust!- 4i lo Missouri and central and lower Mlssls- '** slppl valleys. Kansas, southern Florida, North Carolina nud the Pacific states. Heavy rnlus fell In Arkansas at the follow ing points: Brinkley 2.08, Montrose 1.64, Newport 1.82, IMnobtiiff 1.60. Temperatures are higher In the Atlantic states, the Ohio valley and the Rocky Mountain nud Pacific states, while they are slightly lower In the central nnd west gulf states and the Missouri valley. Kspeclony Is this true, now that the pow er to arbitrarily regulate eertafu differences and priee-affeoting factors has been taken from the middleman by the expansion of the world’s demand, and the development of business methods on the farms. The altered order of things has been iwouglit about gradually, but the world did not be- into understand that new history was being made until three or four years ngo. Now" the interior does not beg the buyer to take Its cotton, but rather the buyer seeks the seller at close range, and tho terms they agree upon Involve minimum feudalism and maximum trade demand sup- ply democracy."—Ware ft Inland. NEW YORK COFFEE MARKET. Following Is the open!r of the New York coffe day. Ajpril }«y June ,» .. .. .. July .. August September .. ». . October .. .. .. November December .. *. - Closed stegdy. Opening Range. Close. , . .6.50-6.60 6.50-8.65 ..6.56-8.65 8.65-6.1*“ ..6.65 6.6)-8,l_ ..6.70-6.80 6.65-6.70 ..6.7R-6.W 6.704.75 ,,6.S*-8.85 6.76-6.80 ,.6.86-8.90 6.8041.85 ..6.904.95 9.85-6.10 ..7.00 6.96-7.00 ..6.404.50 6.404.45 ..6.454.55 -***« ..6.504.55 Cloudy weather, with occasions! showers. Is expected in this section tonight and to morrow. W. A. MITCHELL, Temporarily lu Charge. COTTON REGION BULLETIN. meridian time, October; STATIONS OF ATLANTA DISTRICT. GIBERT A CLAY 1 k ALABAMA BT. corrcc, provisions ICMBCRS ATLANTA. OA. ft? J®? 8l< *k §2 v or i Cotton j *•* Jork Coffee ! Private Wires to all Exchancts. ^•csl and Lons Distance Telephone 5298. W« n. FAGAN. ManagsA ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS “ AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA, GEORGIA. •Atlanta, clear. . . . •Chattanooga, dear. . Columbus, clear. . . Gainesville, cloudy, i Greenville, cloudy. . Griffin, eloudr •Macon, p. cloudy. . Moat lee Ho, cloudy. • Newuau, clear. . . . Rome, clear Spartanburg, cloudy. . Tallapoosa, clear. . . Toccoe. clear. . . . West Point, clear. . . •Minimum temperatures are for period ending at 8 a. m. this date. Chicago. Oct. 16.—There were more bears than bulls on ths board of trade when the gong sounded announcing the close of the day’s business. Declines were,shown of 3-8c in wheat, l-8@>l-4c In corn and l-8@3-8c In oats. Hog products 2 l-2®15c lower. Cash transactions were 15 loads wheat, 10 loads corn and 200,000 bush «!* oats at the seaboard; 50,000 bush els wheat, 70,000 bushels com and 135,« 000 bushels oats at Chicago. Argerftlne came in for a good share of the credit from the bears, as the favorable crop news from that section started the early selling of wheat by both longs and shorts. Primary receipts of wheat 1,267,000 bushels compared with 1,299,000 a year ago. Cora receipts 637,000 bushels, against 443,000 bushels a year ago. Clearances fqr the day 256,000 bush* els wheat, 163,000 bushels corn; oats none. CHICAGO GRAIN MARKET. ^ Chicago grain and provision quotations for today follow': Previous Open. High. Low. Close. Close WHBAT- 78% $ R 28 S5 I i S' 1 St Dec. Jau. July. . CORN- Dce. May. July. .. OATH— Dec. . . May. .. July. .. PORK— Jan. . .18.77% 13.7^4 13.67% 13.72% 11.82% May. ..13.96 13.95 13.87% 13.87% 14.02% IIP! LARD- Oct. . . 9.60 NOV. . . 8.93% Jnn. . . 8,25 HIDEff- Oot. . . 8.40 Jan. . . 7.50 9.40 8.90 8.17% < A8IT WHEAT- No. 3 red. 71072; No. 2 do., 72G73: N« liurd whiter, 72%©fe; No. 3 do., 73074. CHICAGO CAR LOTS. Today. Tomor. nt ISO t-j THE LIVERPOOL GRAIN MARKET. Wheat—Open, % to % lower; 1:30 p. m., % lower: close. % to H lower. Corn—open, ‘k lower; 1:30 p. m.J % low er; close % to *4 higher. PRIMARY MOVEMENT. Montrose, Ark.. ..2.08 Memphis Montgomery. . . . New Orleans. . • . Okaltotun. .... Savannah. .... Vicksburg Wilmington. ... indicate* inappreciable Diet. Averagea* Temp'tura. pi Max. Min. rainfall REMARK8. Somewhat higher temperatures ohtslucd over the eastern portion of the lielt, with no material ehsnges In the western dls- trlets. Precipitation occurred over the western lot If nnd in Wllmlugton districts; w '" h '* T Sv!\ Ar, SmW '»’•***»nonirlly la Charga The following figures give the primary movement of wheat and corn. Wheat re ceipts today. 1.283,070 bushels, against I.- 300.000 bushels last year; shipments 884.000 bushels against 1, * A year. today. against bushels last year. Ship- NORTHWEST CAR8. The following figures gtre the Northwest ears of today, Jsst week and last year: Last IsSit Today. Week. Year. Minneapolis. New York. Oct. 16.—Liverpool surprised the trade again this morning by opening 5 off to 5 up, then advancing to 5 up nt the 2 p. m. call. Our market Opened 8 to 9 up, not in full response to the strength of Liv erpool; then sold off rapidly until the De; ceinber option reached 10.91, - This weak- tiean was occasioned by a skeptical feeling pervading fbe trade on aceouut of the more favorable weather aud more optimistic reports concerning the crop outlook. Bulls were selling In large quantities to take profits, nnd bears put out big short line* for n torn. It Is argued that this good weather will cause picking to progress rap idly nnd hurry cotton to the markets In large quantities to take advantage of the high prices, hence traders were disposed to withdraw temporarily until ft more placid view of the situation can l»e obtain ed. The weather ns a whole continues er ratic and at present rain is threatening the eastern belt. Should these rains mate- rlilllse It la likely that we Ivoula have an other stroug market. 'WEATHER IN COTTON BELT. Texao*-Houston cloudy and threatening; getting colder. Han Antonio. Dallas Tyler clear nnd cold. Hherninn cloudy damp. MltalBpIppl—Jackaon cloudy nnd pleas ant. Vicksburg raining. Yasoo City cloudy nml threatening; hard rain Inst night. Greenville cloudy and pleasant. Sul phur Springs cloudy nnd pleasant. Tupelo nnd Holly Springs cloudy and cool. New Albany cloudy and plesosnt. Atnory, Alter deen and Corinth cloudy nnd cool. Alabama—Huntsville ami Montgomery ctcsr and cool. Troy, Opelika and Selma clear and pleasant. . . „ Georgia—Americas clear nnd cool. Macon fair and pleasant. Atlanta partly cloudy and pleasant. t WEATHER FORECAST. Georgia—Fair Tueaday snd # Wednesday; fresh north to northeast winds. Louisians—Showers In east, fair n west portion Tuesday: Wednesday fair; light to fresh north winds. _ _ , . West Florida and Alabnraa-Pnrtfy cloudy Tneatlay. probably rain In afternoon or by night; Wednesday fair; fresh variable winds. _ ..... Mississippi—Rain Tuesday; Wednesday fair, light to fresh northwest winds. East Texas—Fair Tuesday nnd Wednes day; light to fresh north winds. Atkansas—Shov.era Tuesday; Wednesday fair and warmer. . _ . West TSxns—Fair Tuesday and Wednes* day; warmer Wednesday. fennessee-FnIr Tuesday, except rain In extreme west portion; Wednesday fair and warmer. TIPS FLASHED From Wall Street i Private Wire to tilbert ft Clay. New York, Oct. 16.—Marshall. Hpader ft *Co.: The lufluenco of most Importance on the market this week should be the action of tho Amalgamated directors ou Thursday on the dividend. Units action la taken on linos earlier predicted of a liberal Increase lu distribution the market will feel the ef fect of the disappointment. It la safe, how ever, to say that these shares will dually receive liberal attention on those lines. It Is n trading market. May have fur ther rally today,In which event advise tak ing profits and waiting for weak spots to buy buck. 1,00k for the advance In Wabash B’s to coutinue this week. New York Financial Bureau: Close at tention should bo given to the Individual positions, more ao now that professionalism and a trading situation seem to Ih* prom Pacific toward 180. Stffcl la exceptionally well bought toward 48, where It may Im held firmly, but with cheeks around 50. Rending Is now checked around 155. Hmelt- ln* Is supported around 158; checked aymud 16F. ’ Sugar is reported oversold; supported around 134. Atchison support la still uoted around 103. If broken, a sharp drop n occur. A rally of 2®3 points Is orei however. Cnundlnn Pacific, which strong In Lnitdou today. Is supported around 178. it Is said. nt. Paul Is soli! on rallies by professionals, who report the stock held between 171 nud 178. Erie should Iw bought when weak on this recession. A tip Is noted to buy Central where the trend —as before ststed—Is rather persistently up ward. Pennsylvania met some support nronnd 144, according to a specialist, who says the stock la checked around 146. Southern Pacific Is supported at present at 94, with opposition near 86. TRADING AT FIRST WAS JERK QUIET Tone Was Strong, Dullness Coming Mostly From Lack of Supply. j SOME GAINS ABE LOST No Chesapeake nnd Ohio oday. Baltimore and Ohio ordered 76.000 tons Of teel rails from the Carnegie company, ’ninbrla ateel and Maryland steel. Total rcgtatratlon for New York city I unit 620,000, n gain of over 16.000 In 1905. Analysis of Missouri Pacific shows no 1m- oVtnnt equities concealed. Visible supply of cotton 1,000,000 below ist year. Copper continues lu strong demand Is plte of higher price of metal. Light demand for stocks In loan crowd. Expected plan to retire Wabash deben tores will be accepted at the stockholders’ meeting next Monday. Money expected to harden somewhat'to ward end of month. cent. Town Tonies: The market will In all like lihood Coutinue to drift during the next few as the bull Interests do not seein to support theJr stocks aggressively, though they are prepared to lteadj them In face of bear drives and are not st all averse to accumulating additional lines on the recessions. The activity and strength In the Vanderbilt lasiies indicates that an other Important group of capitalists Is In favor of higher prices, while the steadiness of such as I'enagrtvanla, Ilaltlnwre aud ~ ‘ “ :. Paul and t* “ * 7 J sufficient pi Insiders do not Intend to let these stocks decline much. If any. further in the mar ket. The Bank of England will speedily build up her diminished reaervea from the Houth African gold arriving, while the pfdly Increasing output from our own Inea Is a constant help to conditions In this country. We expect the uisrket to hesitate around the present level for a few days longer. Influenced by vnrj* ns to the outcome of the electk TODAY’S PORT RECEIPTS. ThS following teblF .how. r.e.lpt. it th. last yeer : **' com i , * r * tl wlt b the eem. dej 1906 1306 New Orleana Galveaton Mobile.! Hnvaumtli rharleatuu Wilmington Norfolk Baltimore 15588 42808 1373 18273- 1779 2427 5796 6493 35282 891 3S23 1451 1679 1224 62 Total 88060 66845 INTERIOR MOVEMEf IT. pte nt the with the Th. following teMo .bow. rac* fot«nor toxrn. todey, cotnoered mu dny leet /Mr: U06 1905 Houatnn Augusta Memphis . Ht. ixmla Cincinnati 40397 3641 2412 1618 641 30096 3679 6790 968 536 Total. . 49179 42009 bear traders encouraged W ket. Commission houses have nbsorhed most of the offerings. Raymond a buyer of January lard. English houses have done some selling. Market steady on December. Chicago Inter-Ocean: Cash business In wheat In Chicago Monday was 132.000. in cluding 110,000 No. 2 hard for export. Hales of corn were To.MO nnd oats 110,000. The scaluHird sold 280.000 wheat. 64,009 corn and 60.000 oats. Dnluth reported good sales of wheat for export. Ht. Louis sold 4,000 for export, also considerable flour. Weevil-spreaders beginning to get Ognln. A Ht. Lanin message to a focal said: "An elevator man here from *< western Missouri says s serious problem in the southwest Is the weevil. The stacks are fuli^of tbs pest, which Is doing great busy firm south- Loudon Was a Light Buyer of Anaconda and Union Pacific. New York, Oct. 16.—Tho determlna* tlon to do nothing until a clearer view Is obtainable of the election, or the probabilities, was more strongly im pressed than ever upon today’s security dealings. What there was of tho mar ket was firm rather than weak, but there was no bustptss, and changes la the ordinary active list was confined to small fractions. Abroad the market showed some Improvement, Indicating the protective measure adopted by tho banks last week would be found In this week’s reports to have been successful. American stocks In London were a trifle up with the rest, and prices went high er at the opening here. But as usual, offerings Increased at the higher fig* ures sufficiently t<? exhaust what en ergy had been manifested and at noon the market was almost motionless. New York. Oct. 11—Tho stock market opened at almost * general fractional Ira- ‘ ~--ondt, St. Pgjil, *»—•*-- Car started at > prorementa. Anaconda. St. rani. Beading and Pressed Steel Car started at % I ’ * ‘ United States Steel common gained higher. % and the preferred and American Smelting %. Hook Island. Amalgamated and Baltimore and Ohio rose %. Brooklyn Rapid Transit gd * " Pennaylranla end Erie were LONDON STOCK MARKET. STOCKS— • Amalgamated Copper.'. . . Anaconda Atchison, . do, preferred.. .. «. .. Baltimore and Ohio Canadian Pacific... ... .. Chesapeake and Ohio! . . Chic., Mil. and St. Paul... Erie do. preferred.. 1147% lllnols Central .. .oulsvllle anil Nashville. Mexican Central.. .. ., j....* Missouri, Kansas and Texas.| to ) 61 176%|1T6%']76% • 1 47%/ 47%’ 4«% ijlTjdiflijiit?; Mffr do, preferred New York Central.. Northern Pacific. . j . . Ontario and Western Pennsylvania...... .. . .. leading took Island ; . .. ,| Southern Pacific Southern Ballway ft. Union Pacific United States Steel do. pt-eferred.. .. ,, tbash do. preferred.... .. Deqver nnd HIo Grande.. . . 140%'140 140% 1% 144% 145% 145 ’62% 153% 152 28%.... 95 V* 95 V 187'J i57% 187% 49 | 49% 48% 107% 108 jlOS very bullish nnd attributed buying to American and Manchester Inter- ests ami later the heavy soiling to promi nent Liverpool honai**. Tho weather Is ■till unsatisfactory, cdld aud overcast, with a superabundance of moisture in sonjp lo calities. and. Judging from the official forc es ate, no iiermanent or even temporary re lief Is Indicated. As long m these adverse conditions exlar, Just so long will the tem per of the trade continue nervous and. ex hibit natural concern, and Just so long will market prices erratically represent tho fear of curtailment in the,outturn of tho crop. Nevertheless, there la a disposition growler, and which has been eaperfajly manifested Islely In reports from the In- that the nsxt census report jrfll _ surprisingly large amount of rot- ton ginned. Texas Is orsetlcnlly unanimous In contending that their figures will bo bearish, and xhe Urge movement dally re ported bears out the contention. However. r,s the market continues to (friend upon the weather for support, nnd there being nothing Indicative ns yet of clenr, dry days, the todency will In all probability be to maintain present prices until the census ro port is oat of the way. SOUTHERN EXCHANGE Oldest Established Office South. COITON—STOCKS—BONDS—GRAIN Ground Floor Oould Building. Dally market letter and market manual mailed on application. Duluth. 633 363 616 LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 REFERENCE. THE NEAL BANK PHONE f4«T. PRUDENTIAL BLOC HUBBARD BROS & CO. COTTON '*> MERCHANTS Atlanta Offices, 219*231 Century Building. Members New York Cotton Exchange. New Or leans Cotton Exchange, Liverpool Cotton Allo cation, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchange,. Direct wire service. Correspondence invited. Phones 454, Long Distance 39. A.S. Hustace, Mgr. WM. L. PEEL President. THOMAS J. PEEPI.EB, Cnebler. ttOBEtlT P tunnnr ..7 .. JAMES O. I.E8TKK, Antettut C»rtUr. itumsuT r. MADDOX, Vic, President jah. p. WINDSOR. Aieletent < n.liter. MADDOX’RUCKER BANKING COMPANY. CAPITAL . a $200,000.00 SURPLUS AND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi annually in our Savings Department. Safe Deposit Boxes For rent in our vaults in the basement of the Empire for only $5.00 each per annum. Absolute Security and all Modem Conveniences You should not be Without one. IVe invite you to call and inspect them Title Guarantee and Trust Co. r ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER. Preeldent. A. E. THORNTON. Vlce-Pr„ident. H. T. INMAN, Vlce-Preeld.nt. GEO. R. DONOVAN, Caahler. JAMES 6. FLOYD, Ase’t Cashier. Capital $506,000.00 Surplus and Undivided Profits $500,000.00 Wc Solicit Your Patronage.