Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, October 02, 1907, Image 11

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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.