Newspaper Page Text
X
i
tffHE ATLANTA GEORGIAN AND NEWH
WEDNK8DAY, OCTOBER 2, 1907.
CONSTRUED BEARISH
Prices Responded in New
York With a Sharp
Decline.
NEWS AND GOSSIP
of the Fleecy Staple.
LONGS LIQUIDATED
During Early Morning Ses
sion Prices Eased Off
23 to 26 Points.
Jfmv York, Oct. 1—The henre (jotinileil
the cotton market at the opening anil forced
in. more hnltlMi than ei pec ten. Other rcae-
tlnp.a occurred In quick auccetelon, however,
rctlccUng the very nrrrou. temper atnoitit
the room trailer*. ,
ftepnrt* on the cotton crop came thick
and Met Tuemlity anil Wcdiieatlay. „ .
TaSSaf *« ladle*' day. Mr*. Burch
save Iter condition of the cron nt <??.*, while
jllll flllca' condition wn* «6.a. Price* were
•lltunlntiKl a few point* hy thme reports on
Tueiday, though the linproreincnt wo* later
l0 on Wcilne*il»y the government and the
Journal of Cawuierc* Imued reports ou the
condition and the amount of cotton ginned
of 1b# reports was henry,
nml #otton taffed off to tbs lowest point
tin fills crop.
Xoiio of the report* were bearish, but
fhe bears have control of the speculative
Th# Close was steady, net 19 to 21 points
lower.
Semi-weekly movement:
1907.
1906.
1906.
Receipts .<..Hti.il.
Shipments
Htocks
“fcMTO
41.331
113,032
w.KwT
90.995
138.1RS
168.346
77.31S
200,072
Estimated receipts Thursday:
i907. 1906.
NeV Orleans 2,009 to 3.500 6.907
Gnlve*fon 9,000 to 11.000 17.191
Houston 3,500 to 4,500 15.674
SPOT COTTON MARKET.
Liverpool, easier; middling 6.64.
Atlanta, quiet; middling 11%.
New Orleans, sternly; middling 11%.
New York,-quiet; middling 11.60.
Savannah. steady: middling 11%.
Augusta, steady; middling 11%.
Mobile, steady; middling 11%.
Charleston, nominal; middling 11%.
Wilmington, steady; middling 11%.
llnlthnorr, nomlnaI; middling lie.
Boston, quiet; middling 11.60.
Philadelphia, quiet: middling 11.85.
Houston, steady; middling 12c.
Memphis, quiet; middling 11%.
Ht. Louis, quiet; middling 12c.
Norfolk, steady; middling 11%.
Galveston, firm; middling 12 1-16.
arringtem: Liverpool enldes were due 4©
4% points lower. Q|ieiie«l atendy at 5 points
decline. At 12:15 p. ui. was steady, net 2(t:t
points decline.* A fair business wiih doing
In stmt cotton 3 points lower at 6.64 for
middling upland; sales 10,000; American 7,400;
speculation nud export 500; imports 4,000;
Amerlean none.
The Journal of Commerce report Is
rvous and unsettled speculation. The
—penr nt the openln
giliners* report will i
„ — ..mtltig.
while the condition will be Announced at 11
n. in. Tbldk It advisable to wait until
after 11 a. m. before milking commitment*.
The opinion favors 67 to 69 as figures on
goverunieut. There fire some big blocks nt
longs that will he thrown over If the re
port is nt nil favorable. We believe these
longs will sell nny way should advances oc
cur today of prououuced extent.
The Journal of Commerce estimate* the
condition at 66.5, against 73.9 Inst mouth apd
71.9 Inst year, and says drought In alt
states la fhe principal cause or deteriora
tion. hut In Texas tula Is further Increased
by the prevalence of boll weevil. The out
look Is. therefore, discouraging.
Consider the bureau bearish. Some
heavy liquidation, but one or two house*
have been good buyers around 85 for Jan
uary.
Look* like fthort covering.
Wenman sold 10,000 January nt 10.90.
Following are the 11 a. tn. bids: Octo
ber 10.83; January 11.02; March 11.03.
New Orleans. Oct. 2.—Hayward. Vick
Clark: Weather map now complete; looks
very critical. Expect wet spell throughout
the licit, followed hy n cold wave. Cold
wave development* In northwest decidedly
Increased. .. • ..
Would buv the market on dips. Max
looks very find to me. Itlg short Interest
in market and farmer* will not give way
In one day. Believe we will get general wet
spell In belt.
Everybody selling on account of New
York threats that the market will be sold.
Frank Hayu# about only buyer nt lie for
January. Ilelleve the market will i* - ‘
ter and would buy on break*.
Consider The Journal of Commerce
Edited by
Joseph B. Lively.
Mr. Lively** twenty-live
years’ experience of ed
iting markets to Atlanta
and the South has made
blot a recogufJred au
thority In bli specialty..
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
-port
very bullish. Nearly everybody expected no
and, but this
Ifemctita, and
coihe ont In flic end. Bulls have all
the spot holder* as friend*, but firmly lw
lleve lie will win his fight. .....
Government report on condition Is . high
or than The Journal of Commerce. i*ot ol
heavy*bear* selling here. It 1* bullish, hut
e have no power against New York or
Jverpool.
^ Market Jhenvlly shorty both reports are
ATLANTA MARKETS.
FRUIT AND PRODUCE.
KflGS—A«*tlVP. ScT.
MVI5 l'Ot'!,T!lY-t!cn. nrth», «B45V4<n
fhlck.ns (fresh'. 2!«Wc. Tiurk. (T-klni tor
osrh; irailille, 30c ench. Turkejs active, lac
P *Dl5s«*BD POULTRY—Turkey,. drawn,
active, 20c pound; frle* active, 20<fjf22%c lb.:
ben*. 16c pound; ducks, drawn, fancy, 15t
pound. •
PRODUCE—Lard. 12c pound; h«ma active,
** lound;
Pie
. 12%c pound.
FRUIT8—Lemon*. fancy
4c non nd; plr
K8®4.5d: **
stock. $4.00#4.5fi
Messens. $4.75;
inocs. Florida
lime*. Florida stock, 7oc
TODAY'S PORT RECEIPTS.
The following table shows receipts nt the
porta today, compared with the same day
fast year:
New Orleans. . .
Galveston
Moldie,
Savannah. ...»«.
charleston. . . .
Wilmington. . .
Norfolk
Various. .....
Total.
X 1
806
’VS
fancy
: ,r <&
HAYWARD, VJCK <fc CLARK'S
DAILY COTTON LETTER.
New Orleans. Oct. 1—Liverpool this morn-
before otir market opened. Further Impc
taut news to hand this morning was the r.
port hy the Journal of Commerce, which
makes'thr condition of the cron on Heptom
her 25 66.5, a decline of 7.4_nnlnt* from the
condition on August 25. Tho heavy dete
rlorntlou given for the Atlantic states was
a surprise to many and made a decidedly
bullish Impression.
All this fmlllMh Information notwithstand
ing. New York opened lower and our mar
ket had to follow. Long before business
started hero there were advice* and prop!]
ecle* from the North that the marke
would l»e sold ou all hard spots aud that a
S urther break will be made In cotton on tin*
nnncinl situations. This of course discour
aged all Intention of bull support here nml
future* lost 10 points soon after the open
ing. After another such exhibition of for
eign price control In cotton n blind man
can tee the change brought about by legis
lative enactment*.
There being a short Interest In tho mar
ket. covering orders at tho decline were
rather large mid caused a rally of 12 points
from the lowest. Hellers became scares at
the decline and the market Is quite steady
nt the moment. Unless Imar pressure comes
from abroad covering Is likely to cause fur
ther reaction. The action of spot holders
under present condition* In very Important
—In fact, therein lies the only solvation
from optMisIng forces.
New York, Oct. 2.-J. 8. Bnctxe & Co.: A
heavy decline In cotton occurred after the
opening, following the glnuiug report. The
feeling wn* nervous and there was some
apprehension that some large line* would
lx* put on the mnrket If the condition fig
ure* were nt all fnvoralde. The figures of
the total cotton ginned was not complete.
Owing to the lack of Information from
many districts. The actual figures were
considered l»enrlsh. When the government
Announced the condition of the crop up to
September 25 ss 67.7 per cent there oc
cur redvery heavy selling by the big trad
ers. This brought n lot of outside selling,
forcing December down ro 10.76. January
10.85 and March to 10.96, nftcr which came
a sharp rally on short covering. The future
outlook for cotton price* «>ein* to us to fa
vor the bear side. The glnners' report
shows the crop Is moving In large volume
and there does not appear to lie shy Imme
diate danger from frosts. Under the cir
cumstances we think cotton a sale ou ral
lies.
COTTON YARN SITUATION
DOES NOT IMPROVE.
$4.60®6: Jamaica oranges, $5;
apples 12t?12%c; dried peaches, 14©
. •ocoHimt*. $4.75 sack; Georgia peaches
$3.00 per crate (scarce); Malaga gapes, $5.50
©6.00.
VEGETABLES—Potatoes per bushel $1.15,
sweet potatoes $1.10. Onions $1.25 bushel;
Spanish, $1.50 crate; kraut 3> barrel. $3.75;
cabbage 2c pound. Celery. 60©75c n bunch.
Cnullflowe '* ”
per crate.
GROCERIES.
WCK-Jnp. 5tfG%c; hud. 607c
bead. 7©7%c, according to the grad
CHEESE—Fancy fair cream. 17c;
cane syrnp, 37c gallon; salt* 190 pounds. 60c 4 ,
axle grease. $1.76; sods crackers, 6%e pound;
lemon, 8c; oyster, 7c; barrel randy, per
pound, 0%e; mixed, per 8 pounds. 6%e; toma
toes. 2 pounds. $2.00 case; 8 pounds, $2.26*.
navy brans, $2.60; Limn brans. 7c; best
matches per gross. $1.65; macaroni. C%fj7e
pound: sardines, mustard. $3.50 case.
SUGAR—Standard granulated 5.20; N’tw
York refined, 4.90; plantation. 5c.
COFFEE—Roasted, Arbuckle*. $16.00: bulk
tn bags ami barrels, 12c; green. 11012c.
Shredded biscuit. $5.00 rase: No. 2. rolled
oats, $3.25 case; snek grits. 96-pound bags,
$2; oyster*, full weight. *2.25 cafe; pepper.
18c pound; baking powder. $5 case; red
salmon. $5 case; pink salmon, $4.50 case;
cocoa, 45c; chocolate, 43*,4c; snuff, Mb Jars,
48c: roast beef, $2.60 case; sirup (New Or
leans). 25c gallon; corn, 30c gallon; potash
$3.25213.80 case: peanuts, 8c; rope, 4 ply cot
ton. 22%c: soap. $1.6004 case.
(’ANDY-Stick, assorted 6%c pound; stick
assorted. 6%c pound; fancy ns»nrtcd, pall*.
6%c; chocolate drop*, palls, 12%c; Elk, as
sorted, ten l»oxcs $5.50.
FLOUR AND 6rAIN.
FLOUR—Highest patent. $5.90; best pat
ent. $5.50; standard patent, $5.00: half pat
ent. S4.H5; spring wheat patent, $6.25.
CORN—N«. 2 white 83c; choice white, $5rj
No. 2 yellow. 82c; mixed, 81c; cracked eoru
per bushel.
CI1ICKK
Punln chick
OATB-No.
Golden Oats,
white clipped. 72c.
MEAL—Plain, per 96 pound sacks. .
pound sacks, 85c; plain, 24-pound sacks, 86c;
germ. $1.65.
..... — oiny. cnoice isr
small bales. ..... -
....... . .... . .nc-thlrd bale*,
$1.20; choice prairie, $1.00; Bermuda, $1.00.
8IIORT8—Choice white, $1.75; fancy, 11.65;
brawn (80 to 100 pound*). $1.60: brand, $1.60.
COTTON SEED MBAL-Prlme per ton,
$25.50; No. 2 per ton, $24.00; hulls per ton,
PROVISIONS.
PROVISIONS—Supremo hams, 15c; bel
lies, 20©25 pounds nvernge 10%; fnt backs.
8.20; Supreme lard, 10%. Pur.(y compound,
* California hams. 10c: dry salt ribs, 9.25.
BAGGING AND TIES.
BAGGING—1% lb., 10%c; 2 lb., lie; 2% lb.
Am. sugar Refinery. .
American Smelting. .
Am. Locomtlve. . ..
do. preferred. . . •
Am.f Crtr Foundry, •. .
A merles if Cotton Oil. .
Baltimore
Chesapeake A Ohio .
Cnnndhin Pacific. , ,.
Chicago & Alton. . ..
Consolidated Gas. . ..
Central Leather. . . .
^ do. preferred. . , .
Colorado Fuel fc IfOO.
Corn Prodded. ....
Colorado Southern. *. .
Delaware A. Hudson. .
Denver A Rio Grand*.
Distiller* Securities .
Erie
a do. preferred. . . .
enerat Electric. . «. ,
rent Western. . . . ;
Greet Northern pfd. .
Illinois Central
Interboro
.. do. preferred. . . .
Kansas A Texas. . . .
58%
33% 33%
1%
jilii
kame of *tock.
KansuS X lexus pfd. .
i.oulsvllle k Nashville.
Missouri Pacific, . . .
Mexican Central. . . .
New York Central. • .
Northwestern
National Lead. , , . * ,
Norfolk & Western. . . ,
NorthertP Pacific. . . . ,
Ontario A Western. .. ,
Pennsylvania
Pacific Mall.
Steel Car. ..
Reading. .......
Uock Island
UO. preferred. . . .
Republic lion A Steel.
do. preferred. . . .
Southern Pacific. . • .
Southern Hallway. . .
do. preferred. ...
Bt. Paul
Tetdi. Coal A Iron. . .
Texas Pacific. .....
Union Pacific. .....
il. ». Rubber
do. preferred. . • ,
U- h. Steel .
do. preferred. ■ • .
Western Uuloa
Wabash
do. preferred. . • .
Wisconsin Central. • .
do. preferred. • . .
j 105%
! itV'
■8
i
m.
127%
tofaTstock Sales today, 431,800 shares.
NEW YORK.
Nov.. .
Dec.. .
Jhu.. .
Feb.. .
March.
X'::
July.
"Closet! "steady.
d \A
a 1^
O |S
l5.90|10.9^i^
10.85 10.86*10^
.111.00 11.04110.76
.jll.08 1t.13 10.85
! iii'io iL22|io.96
.iiLiwiLaojiLoj
. |ll.36(11.36(11.19
m 11 m
toTl
71-73
10.73 10/
10.65 10.7W5
10.85 10.86-86
10.9300.91-92
10.97-99
11.03 11.03-04
11.07-08
ll.KMggm||
11.19 1
10.9)-92
11.03-06
11.13-14
11.18-29
11.5-24
11.27*28
i!*a
LIVERPOOL.
I p. in.
Following la the opening range. 2 p. ra.
and cloie. compared with yesterday’s close:
Futures opened steady.
Omening
Range- _
October 6. ft *6.16 6.10
Oct.-Nov.... 6.07 -6.10 6.10
Nov.-Dec.... 6.02 4.06 6.05
Dec.-Jnn.... 6.0l%4.04 6.03% 5.98
Jnn.-Feb.... 6.00 -6.03% 6.03 5.97% 6.05>
Feb.-March. 6.03 -6.04 "" “
Previous
Close. Close.
6.11 6.18
0.05 6.12
6.00 6.07%
June-Julv... 6.01 -6.0
Closed etaady.
5.99
NEW ORLEANS.
1 6
f. 1 alf
► i
|l
I I S
S3
il
' II.'"
Dec.. .
Jan.. .
Feb.. .
March.
April. .
M»J. .
June. .
11.19 11.16
TT.i2iw.fi io.se i!.ai<o;iu.i u
■b tl0.R1-SS|ll.«l
10.fl0illl.W-9llll.07-08
IO.9lllo.94-9.', 111.12-13
10,00 111.14
11.14 11.12-14111.20-31
n.ie-is 11.36
ll.lt 11.20-22 11.39
1 ,.lil.S7-4t
COTTON SUBJECTED
TO MINT DEPORTS
Government and Journal of
Commerce Issue Reports
Wednesday.
w fleuinginn. ucr. z.— me rrop rpp
bfionl of the lmre.il of .t.tl.tlr. of j
imrtm-nt of ««rirultor» And, from 11
■Mrtmnit of ..rlrultiir- Anil, from th- ro.
purr, of flie rorrOeDohdoiit* onil nwiit. of
iho limonn th.t the nvernge rendition of
rotten on Srplrmber 2S wnn 67.7. ,, rum-
nnrwl with 72.7 oil Annu.t 25. 1907. 71.• on
Hrptemhrr 25. 1906 ; 71.3 ou Srntrinhrr 25,
19m. nnd n teii-rrnr .vorngr of 67.9.
Following I. thr volition on Srplrmhrr 25
hy .t.trn. lempirnl with prrvlou, yrnr.:
iSTiSTi
WEATHER REPORT.
WEATHER CONDmCNS.
Today's map shows two arcs* of high
pressure, one covering the eastern half of
tho country aud the other the north Pacific
states. Retween these two high arras Is an
extensive area of low barometer covering
inoat of the cotiutry west of the Mlsulsslnpf.
Cloudy weather prevails In the Mississippi
nil lev and the northern Rocky Mountain
*■ “ ‘ ‘ '■ rnta»
ineratu
Mississippi and Ohio valleys, nnd at most
stations (n the cotton heif.
The conditions favor partly cloud/ weath
er In this section toulght nnd Thursday;
warmer tonight.
COTTON REGION BULLETIN.
meridian time.
Virginia
N. Carolina...
S. Carolina....
Georgia
Florida
Alabama
MU*ls*lppi ....
Izoiilslnnn
Texas
Arkansas
Tennessee .....
Missouri
Oklahoma
L Territory..,.
Rep t. 25
■fti
Average
"tTTT
67
67.7i71.9177.2':
ATLANTA
MSTKICT.
I AUiinln. fi.'imr.
TO
thla, business Is being put through and the
buyer claims that he Is placing his orders
nt his own prices.
Weaving yams are anlet. as the business
coming forward Is of such small volume
that orders In the majority of case* are
lielow the 5,000-pound mark. That spinners
conclusion with conservative members of
the trade, nnd they are advising weavers
anil knitters to get lu on the market nt
today’s prices nnd cover as far nhead ns
•Hers will accept orders.
Print Cloths 8alss Moderate.
la the print cloth market It was stated
vesterdny on the opening of trade that
showing hut little Interest lu
they teem to look for still lower prices,
and It seems likely flint the/ will get
U. Weaving yarns nre weak nnd knit-
ynrns have followed suit. Where buy-
arc nftet knitting yarns they are de
;naiulliig concessions which-it was believed
mpan*lty|e for sellers to gruur. In spite of
buyers
vard
; their mines i«»r urn wry »ims. sine oi
orunry, but on long time contract 38%-
h stniidnnls arc not living up to the »c
.co now current. On 39-Inch 6S by 72s
iluctuatlons In price range from 8%c for
spots down to »%c on contract. Printers
an* taking gray good* on their existing
iters, and It I* known that they arc put
ting their goods In process, and It lj ex
pected that, during October they will de
velop Into active buyers of narrow goods.
Tweuty-elght-inrh 64 by 6)s arc obtainable
now at 4*4 ( • and are attracting but moderate
attcntii
HAYWARD, ViCK & CLA0K,
COTTON, 8TCCK8, BONOS, COFFEE, GRAIN AND PROVISIONS
Carondeftt and Gravisr Sts., New Orleans.
MEMBERS:
Arfrans »w*w» rxctirng**. New Orleans Fti»u e Brokers' Aas*v»ht..a»,
e-. \.»ik ’tTrti m; •.*. New i',-h* n« nn«i rbfra>r» Boards of Trade,
Gotten ltan-;». >.*<v York I’nV I’xriiatnte.
!;*. h ie • As .mHv Members Liverpool Cort«ra Assa
.‘ ••ve York sul n»b -4g.* {’•» -c>*MU.Uc»,t*:
J.8. BAC*r* "•? . AMD t’ARTLCrT, FfiAZIER A CARKINATON,
o.'.iVJtts i.tiiui TO ALL POlfira.
AMOUNT COTTON GINNED
MAkES POOR COMPARISON.
Washington, Oct. 2.—The census bureau
today announced that 1,430,286 Imles of cot-
ton had Iwen ginned from the growth of
1907 to September 25. ns compared with
2.061.283 bales to tho corresponding date Inst
car. nnd 2.356.716 the year before.
Failure of telegraph companies to deliver
fdegrnms concerning qusntlty of cotton
.limed to September 25 makes It Impossible
to publish n complete report today. Exclu-
slve of 96 counties, for which telegrams
have not been received, the report shows
1.496,265 bale*, counting round ss half bales,
ginned from the growth of 1907 to Septem
ber 25. The unreported counties had 2,177
active ginneries and ginned 199.423 Imles to
September 25. 1996. and arc distributed as
follows: Alabama 16. Arkansas 6. Florida 3,
Georgia 3. Indian Territory 5, Louisiana 12.
Mississippi 32. North Carolina 3, South Car
ollnn 1. Tennessee 1. Texas 23. Total quan
tity 2.057,283 bales ginned Inst year to Sep-
tember 25 nnd 2.356.716 In 1906.
Number netlv# ginneries reported this
venr 16,307. Total <»perntod to September 25
last year 20,416, nnd 21,389 for 1905.
Journal of Commerce Report
Following Is the Journal of Commerce re
port on condition and amount to Septemlx*r
24:
"Report* numbering nearly 1,500, bearing
an,average date of September 24. show the
condition of .cotton to ho 66.5, as against 73.9
Inst month nnd 71.9# year ago nt thla time.
The decline of 7.4 points during September
is not nn unusual one. the year 1906 show
ing n drop of 5.7 points. 1904 a drop of 7.5
points, 1903 a drop of 11.8 points nud 1902 n
drop of 6.3 points.
"Drought III all the states I* the prlnelpnl
cause of the deterioration, but In Tcxns
this Is further Increased by the prevalence
of Doll weevil.
"The outlook Is therefore rather discour
it this time, which I* largely explained by
the generally favorably wentber for pick
ing. The amount picked by stntes com
pared with last year is shown by the fol
lowing: North Cnroliim 9 per cent, against
15 per rent Inst year; South Carolina 25 per
rut, ngnlnst 19 per cent; Georgia 23 per
*»nt, ngnlnst 22 per cent; Florida 20 per
cent, ngnlnst 36 per cent; Alabama 10 per
cent, against 22 per cent: Mississippi 14 per
*ent, ngnlnst 22 per cent; Louisiana 19 per
rent, against 24 per cent; Texas 40 per
cent, against 43 |>er cent; Arkansas 5 per
•nt, against 8 per rent; Tennessee 4 per
•nt, ngnlnst 9 per cent; Missouri 3 |>er
nt. against 6 per cent; Indian Territory 7
•Man-
Month
Home. ,
xSparlnn u
Toccort. p|,.ji
West Point,
•lour. . .
,v cloudy,
rg. cjynr. .
lii
sij
TUT
WHEAT OPENED LOWER;
LATEBJRMED UP
More Rain in the North
west Was the Chief
Factor.
Chicago. Oct. 2.—Early trades In wheat
this morning saw prices lifter the
May position selling up to 165%. a rise of
ty(U%r In cnhles being the mnlu factor. The
Northwest received more ralu the past 24
hours nnd fear* *n» entertained that the
continued wet will Interfere with threahlng.
Wheat cloned %c higher, corn w*« off
■vne.. oats %c lower and provisions 2%fi20c
lower.
TIPS FLASHED
From Wall Street.
Hpeolnl to The Georgian.
(From I lay ward, Vick & Clark.)
New York, Oct. 2.—Bartlett, Frasier &
Carrington: Americans lu I«0tu1nn Weak at
IHUifc lower, the latter In Ht. Paul. Cana-
dlnn rnrlflc prices hnd nllother big decline
and Is off %: general market gelling off,
Denial by William Rockefeller of borrow
ing by Hf. Until nml nslunttiee* on dividend
being ninliitnliied at present rate started
heavy covering lu that stuck which led to
covering, throughout the list.
The president’s speech had very little ef
fect.
Demand lu loan crowd still large.
Doubtful If weakness in London will be
reflected in our mnrket. The teudenoy
seems to be upward nud short* will cover
lit every opportunity. Coalers should he
Well up a* leaders. Heading hi particular.
Town Topics: The rally may extend
Some further ou short covering, but It Is
evident (hut tho Important Interests are
not Inclined to make any campaign against
the short Interest at the moment. On the
other h/ind, while a certain element In the
hear party sought cover on the nresldent’i
Keokuk speech, the remark* there made
have ^served to strengthen the stronger
boar* hi fhelr determination to continue
their attacks on stovk. The admittedly un-
sntlutaetory gltnntlou na regards fhe »i>ppcr.
steel and Iron trade* Is an Influence that
ihu*t. be refleeted sooner or Inter In lower
prices for the share* directly concerned,
and for the industrial* a* a whole. Th«
Amalgamated Copper dividend will nntu
rally be cut following the Anaconda Inci
dent. and we do, not believe that these
*tock* have rally discounted hy any means
the copper mctul position or the met that
the Important consuming Interest* are not
Laying and will not buy the metal In large
.uaatTtle* while general conditions' are
unsettled.
Wo see no Inducement to litty cotton fit
these figure*, and would favor selling oh
uy sharp advance for a turn.
THE LONDON STOCK MARKET.
St. Paul aud Canadian Pa
cific Were the Weakest
Issues.
NEW YORK DECLINED
Canadian Pacific Opened
Near 3 Points Lower—St.
Paul Weak.
8TOCK8—
Anaconda
Amalgamated Copper
hlsoii
lo. preferred .. ..
Baltimore nnd Ohio ,
*hlcfl “
Canadian Pacific .. ..
Denver nnd Ilia Grande ..
do, preferred ..
Erie
do. first preferred ....
Illinois Central
Kansas and Texas .. ..
do, preferred
Louisville nnd Nashville ..
Mexican Central .. .. .. ..
do, preferred
Northern Pacific
Norfolk i rad Western ....
do. preferred .. .. ..
New York, Central
Ontario mid Western .. 4.
Pennsylvania
‘hllndeiphla and Reading
do. first preferred .. ..
do. second preferred ..
-Jock Island
Houthern Railway
do. preferred .. .. .
Southern Pacific
Paul
Union Pacific .j .. ,. .,
United Htates Htecl
do. preferred
Wabash
do. preferred .. .. .. .
Op nJ2 pm|Clot
%
MONEY AND EXCHANGE.
New York, Oct. 3.—Money on call 4%(ftl0:
time loan*, sixty days. 5%<R6; ninety dnya
6; six months 6.
Posted rates: Hterllng exchange $4.S3%<?
87. with nctunl buslne** in bnnk n rK’ bills
t $4.8690 for demand nnd $4.82^4.8235 # r
xty-dny bills.
Prime mercantile paper tinebnned.
London bar sliver 3013-1G, New York
bar silver 66V
Mexican dollars SITfcc.
MINING 8TOCK8.
Boston. Oct. 2.-
•Mlnfinnm temperatures are for 12 hours
ending 8 a. m.. this date.
xRecelved Into; not Included In nvernge*.
CtHTKAL
STA710H.
DISTRICT AVER ACES.
dan. 1
7*
M/s. 2
“PT
Memphis
Mobile
Montgomery
New Orleans
Oklahoma
Savannah
Vicksburg
Wilmington. .....
T. Indicates' inappreciable rainfall. tl> For
yesterday. u> For 24 hours eudlug 8 a. to.,
75th meridian time.
Remarks.
Somewhat higher temperatures prevailed
over the western half of the belt; the
ehanges elsewhere were unimportant. Italn
fell on the west gulf const and In Little
Rock and Oklahoma districts, the niuouuts
being small.
J. B. MARDURY, Section Director.
CHICAGO GRAIN MARKET.
Icngo groin nnd provision quotations
today nr* at follows, compared with
efdny’s close: ‘
... „„ JHUN ....
>44; United Fruit 114; Cnlnniet-Arisonn 109;
Old Dominion 24fi: Coluuiet-llecla 610; Isle
Royal# 15%; New Haven 142; Dsly West 10.
Mnrket unsteady.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Boston. Oct. 2.—Following was the bid
nnd asked price on Georgia Railway and
Electric Company today: Hid 76, asked 81;
preferred, no market.
Boston Consol.
Chlcai
for tod .
yefttefdny'_
Previous
Open. High, Low. Close. Close.
WHEAT-
Dec 99
May.... 106’
July 10T
CORN-
)9 100
32 !§?2
Oct.....
Dee
56%
59%
32 !o12
M!4
782
S2
Dec 52%
May 53%
PORK-
Oct... 13.75
Jnn... 15.17% 18.23
LARD—
Oct.... 8.90 .8.92%
Jnn.... 8.77% H.77%
RIBS—
Oct.... 7.75 7.75
Jan.... 7.87% 7.87%
S2
53%
61
LIVERPOOL GRAIN
Wheat opened %0% higher and nt 1:30
p. m. 7*1/1% higher. Closed >vftl% higher.
<’orn opened unchanged and at 1:39 p. m.
unchanged to % higher. Closed unchniatVd
to 1% higher.
CHICAGO CAR L0T8.
The receipt* of grain In car lots today nnd
estimated receipts for tomorrow are as fol
lows:
WEATHER FORECAST.
Washington, Oct. 2.—Weather condition*
nnd general forecast:
A fresh disturbance has appeored over
northern Arlsona within the Inst twenty-
four hours, nml pressure continues low over
the northeastern Rocky mountain slope nud
the upper Mississippi valley. The eastern
area or high Pressure la passing off to seu
over the middle Atlantic states.
Home rulu has fallen in the upper Mis
sissippi valley nud the tipper lake region,
and also over tho plateau region west of
the Rocky mounlr.ltts. The temperature
has risen In the lake region and fallen west
of the Rocky mountain*.
The wi*uther tonight will be generally fair
In Atlantic coast districts aud the Mouth,
with somewhat higher temperatures lu
northern districts. The weather Thuisday
will also be fair. Showers are probable
Thursday lu the lower lake region.
Forecast till 8 p. m. Thursday:
Georgia, South Carolina and Eastern Flor
Ida-Fair tonight and Thursday; light east
to south winds.
Virginia—Fair tonight nnd Thursday;
warmer light southerly winds.
North Carolina—Fair and warmer tonight
ud Thursday; light variable winds, be
coming southeasterly.
Western Florida and Alnbsm.i-Uartly
Wheat. . • .
Corn
Oats
Hogs, head.
Today. ITomorrow,
COTTON SEED OIL MARKET.
January.
March. .
May.
SSt
Closed steady. Hales, 28,100 barrels.
NOTES ON GRAIN
Pointers on Provisions.
Lotllsln |j
xi'
_ .icrnl cause# . ...
weevil did considerable damage
. ami complaints of the pest from
i arc numerous, lint otherwise tl»»*
very free* from Insect* and com-
irouounc-
openlng
i fast a*
. rnle a
rapidly, and cotton Is marketed
gathered; but some are bolding for higher
price*. Top crop prostiects arc unnsnnllv
pn«r, but a late frost would add greatly to
i hi*.
•The decline lit condition of the various
state* fellows: North Carolina 3.6. South
Carolina 6.8. Georgia A7, Florida 12.5, Aln-
Is'Uta 4.4. Mississippi 4.1. l.u;iUinii:| 2.9,
Texas 11.8. Arkansas 4.9. Tennessee 5.1,
Missouri 3.5. Indian Territory 6.7, Oklahoma
12.7, making the average 7.4.
Mississippi- Showers late tonight or on
Thursday; light southerly winds.
Kentucky and Teuucssee-Fulr tonight
and Thursday.
Louisiana—Fair tonight; Thursday fair,
except showers III southeast portion; light
to fresh eeutheastorly wiuds ou the coast.
Eastern Texas—Fair tonight and Thurs
day; light southerly winds on the eonst.
Western Tcxns—Fair nud warmer In
northern uml southwest portions; Thursday
showers and cooler lu uortborn, fair In
southern portion.
Oklahoum nud Indian Territory—lair to
night: Thursday shower* and cooler.
Arks lis ts—Fair and w armer toulght;
Thursday showere.
THE SUGAR MARKET.
changed. The local raw stignr market was
isrket wn»
at 9s 7%d
Chicago Evening Post: E. W. Dennis on
wheat: "Everybody seems to be giving up
the long side of wheat Just now. 1 think
wheat iMMight on seme down wdll make
money where short sales will lie covered at
a loss."
Wheat trader said: "Receipts of wheat
In Winnipeg today 384 cars, of which 272
cars arc contract. Doe# not look ns though
the frost had done much damage In tlmt
country, Judging from the way wheat Is
leader wired: "Was up on
fnnn yesterday. The believers In 60 bushels
of corn per acre yield are now trimming
fmi ‘
their estimates down to 40, i
barren
stalks and nubbins and a world of corn lu
the milk."
!<oguu-Hrynii: "Apparently there is a let
up In the foreign demand for wheat. Kan
sas City reports a lack of demand. One
large exporter tell* us the situation look*
discouraging and that bids have been with
drawn."
Following from Minot. 8.'Dak.: "Thrash
ing returns about as 1 nnd figured; average
wheat 7% bushels, flax 8 to 9 here. Out
West 25 tier cent flax won’t lie cut account
frrnO ••
i’hh., rv[H>rin uirumniis •»» '»»f
appointing. He places the yield of the state
• low n* 60,000.600 bushels, possibly uot
rer 45.060.000 bushel*.
There is n growing belief Jn the trade that
orb of the heavy selling of wheat by a
group of large commission bouse# for two
nr three days past Is the liquidation of an
Important holding by bull leaders.
V,. I\ Rrossean wired from New York:
•Have spent a week Tn Montreal with the
I>e*t-posted men ou crop In Manttotsi and
rtbwestern Cnimdiau provinces. Conse-
THE COFFEE MARKET.
The following figures give the opening
•nnge nml rloso In the New York coffee
nnrket for today:
March ,. .. ,
April
May
June
July .. .. .. ,
August .. ..
September .. .
October
November .. ..
December .. ..
Closed steady.
6.006.10
8.00-6.16
8.20-6.25
6.20-6.30
6.30-4.16
6.30 6.40
6.35 6.40
6.28 6.45
6.46-6.50
5.88-6.90
6.90-6.00
6.00-6.06
Hales 32,250 bags.
New York, Oct. 2.—The stofk market
moved Irregularly this morning'on’s small
volume of business. Initial quotations were
well below those Which prevailed at the
close of business yesterday, but these were
sure ceded by n general rally. The opeulng
tone was derived In Inrge measure from
the London stock lunritot. which was de-
pressed lu nil department* with notahln
weakness lb the Canadian Isabel. Foreign
houses were again seltpr* In the local
market. There was little nr nothing In thft
news of the moruiiiK with much (tearing mi
fitntiiclnl affair*. .St. Paul, which was the
feature of the market In yesterday*# eioi-
htg dealings, opened more than 1 point be*
low Its closing figure* and moved within
suiflti limits. Cmiadlan 1'aelrtc-was also
heavy. In sympathy with Its tone, in I^»n-
don. Oth/-r active railway shares win
Union Pacific, Rending and the fill! ktoekf.
The United Htates Steel share*. Amalga
mated Copper find Amerlean Smelting wrro
firm. Brooklyn, Hnpid Transit was strong.
The mnrket emit limed firm throughout tu»
morning. The covering of short mntfhrti
was a feature, of the dealing*. Snd the
buying of this deftrfiptltm was plainly instl.
gated by this week’s Incident* lu Canadian
Pacific nnd Ht. Until. The dee lings develop
ed no features of special Interest, although
some talk of su early dividend attended
the course of Brooklyn Trnlielt.
Closing bid* follow:
Railway Stocks.
Atchison 85 3-4
Baltimore and Ohio .. .. .. .. 69 1*8
f'unadlan Pacific .. .. .. ..1021-8
Chicago and Northwestern ....146 „
Colorado' Bouthern ... ... ... .. 11
Erie ... ... ... 19 6*4
Louisville and Naslivlll*.., ..... 105 3-4
Manhattan "L" .'.1171-4
Mexican Central . ... ... lftf-S
Mlasourl Pacific , ..... 67 3-4
New York Central 1031-8
Pennsylvania ... v.-. GrnllO
Rending 981-2
Rock Inland 18 8-4
Rock Inland preferred .. ..» ... 46
St. Paul 1171-2
Southern Pacific 83
Southern Railway ... 14
Union Pacific 1371-2
Union Pacific preferred .. .. ..83
Wabash ... 14
Interboro-Metro ... 81-8
Interboro-Metro pref 21
Qrent Northern ... ...128
Miscellaneous.
Amalgamated Copper 58 8-4
American Locomotive .. ». .. .. 62
American Tobacco 77
American Cotton Oil 31 1-2
Amer. Smelting and Refining .. 871-8
Brooklyn Rapid Transit 47 3-8
Colorado Fuel and Iron .. .. ..19
National Biscuit .* .. .. 73
National Lead .* «. .. 47 6-8
Pressed Steel Car 25 3-4
United States Steel 28 3-4
do. preferred .. .. 88 3-8
Western Union 78 1-2
Mackay Companies .. 61
do. preferred .. 611-4
m
BANK STOCKS. .r
Central Bonk & Trust
Union Savings, Lowry 1
National. Prices on ap-
plication,
HILLYER INVESTMENT 00.,
Bond Dep*t. Engllth-Ameriean Bldg,
Close.
6.10-6.15
0.15 6.20
6.20-6.25
0.25-4.30
6.30-6.36
6.8-6.40 ;
6.40-6.45
6.45- 6.50
6.46- 6.50 I
5.55 5.90 |
5.96-6.00
6.06-6.10
UNION
SAVINGS BANK
Gould Budding
OAPITAL STOCK • . . SI00.000.00
~7i71 »*«°u«ce« ~To~
q./0 I S2SO.OOO.OO 4 o
THE AMERICAN AUblT COMPANY
Home Office, 100 Broadway, New York City.
F. W. LAFBENTZ, C. P. A., Presideni
C. E. Manv.irlng, Vic. Preild.nt, Th.o. Cacheu. Jr., C. P. A., 8rc. anil Tr.aa
BRANCHES
.
NEW YORK—Waldorf*A.torliu ATLANTA—Fourth N»Y1 Dsnlt Bid*.
BOSTON—Exchange Building. CHICAGO—Mnrqil.tt. Building.
WASHINGTON—Colorado Building. TH1LADEU TA—B.il*vue-3tratford.
NEW ORLEANS—Hennen Building. BAN IV.ANCISCC- Bulldloa.
BALTIMORE—Fidelity Building.
LONDON. ENQLAND—4 King Street. Cheapatde.
ATLANTA BRANCH 1015.1S Fourth ttatlonal Bank Building.
0. B. BID WELL. Resident Manager.
Telephone, Main 172. Cable Addr..,, Amdlt, N. V.
L. H. Fairchild. Eatabllahad 188S. 8. J. White
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Members:
New Orleans Cotton Exchange. New Tork Coffee Btchsng*.
Ssw York Cotton Exchange, New Orleans Board of Trad*.
.Vew Orleans Stock Exchange. Chicago Hoard of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wires to NEW YORK and CHICAGO. Orders solicited for fulur* dsU»
my on shovs Exchanges R. C. COTHRAN.
PRANK HAWKINS, President
r l. M. ATKINSON. Vice-President. THOMAS C. ERWIN. Cashier.
or— — — * ** *** —** 4 *“ * 1 — *
J ». «. ni mtiouti, . iuT-a imucui.
08EPII A. M’CORD, Vice-President
W. BYERS.' Assistant Cashier.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DARGAN.
JOHN W. GRANT.
II. V. ftUCORD,
u. a.
JOfiBPH A. M’CORD.
J. O. NUNN ALLY.
J. CARROLL PAYNR.
E. B. ROSSER.
DAVID WOODWABa
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS, AUDITORS AND BANK EXAMINERS.
Audit., 8pecial Examinations. Costing and SysUmatlzing.
EMPIRE BUILDING. ATLANTA, GA.