Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, October 31, 1907, Image 11
■THE ATLANTA GEORGIAN AND NEWS.
THURSDAY, OCTOBER 31. 1907.
II
WAS AGAIN STRONG
Sharp Advances Occurred
in Both Spots and
Futures.
SPOTS 22 POINTS UP
As a Result Futures in
American Markets Scored
Sharp Advances.
by tbe
iuc uiaricct here
this morning starts 7 to 18 points higher.
Che feature abroad was heavy buying cred
ited to Button & Co. This naturally lead
to tbe conclusion that Button’s estimate
would be low, tome figuring it under 11,500,-
OOtL bales.
Further strength dereloped after the call,
and It was said that the leading outside op
erator having covered his shorts was work
ing for an upturn.
The Liverpool market was again strong,
and sharply better than due Thursday
morning. The improvement was said to be
duo to buying by Huston nnd tbe trade,
on an estlmato thought to be 11,500,006
bales. Mr. Buston Is now in the Routh on
bis annual tonr. The English market closed
firm 15017 points higher.
Rpots were advanced 16 points to <5.03 for
middling. Sales continued ou a liberal
scale, spinners taking 10.000 bales nt the
advance.
Tbe American markets were favorably af
fected by the strength slwwu at Liverpool,
assisted by a better feeling in tho spot mar
ket generally.
December In New York opened 14 points
up at 10.58, sold up to 10.71 and at 12
o'clock was selling at 10.65. January opened
7 points higher at 10.18, sold up to 10.34 and
at noon was selliug at 10.21.
The sharp advance In prices during
the morning induced realising, whlcfc,
together with the putting out of fresh
short lines, caused a break of 28 points
on December and 25 for January from
the high points, recovering slightly Just
before the close, which was steady net
1 point lower to 3 points higher.
Comparative port receipti:
NEWS AND GOSSIP
Of the Fleecy Staple.
Special to Tho Georgian. zflfllf
(From Hayward, Vick A Clark.)
New York. Oct. 31.-J. S. llache & Co.:
Liverpool cables were duo -2 to 6 poiuta
higher on near, and 5* to 7 higher on late
months. Opened quiet but steady 7 points
higher on near anil 8 higher on dlstnut p«»-
? 12:15 P- m. was steady net u*
to 13V4 points higher ou near nnd 11 to 12
points higher ou distant iiositlotiR. Good
demand for spot cotton at 16 points higher;
middling uplands, 6.03; sales 10,000, Ameri
can 9,100: speculation nnd export 500, Im
ports 17,001 biles, including 14,000 American.
Tenders new docket 4,000 bales.
Liverpool sends us sharp advances over
our close. The Improving stock mar'
terdny, together with the ease In cal
rates, had as much as anything to l
the rallies In cotton. This Improvement In
the financial outlook caused some excellent
Wall street buying and short covering
the part of pit Interests. The raliriug
tendency can not fall to eucourage Southern
spot holders who have resisted all desire
to liquidate on the weak markets lately.
Many claim that the big forelgu demand
will be shown In sharp advances. We are
Inclined to favor purchases from now on,
ns the outlook seeuis to have shown a de
elded change over night. Think It well to
take In shorts and go long at these levels.
This advance, due to buying by Rchlll and
Weld, caught the ring short.
Private cable from Liverpool says: “Bus-
ton’s buying caused strength.”
Trading In December extremely difficult.
Do not believe squeeze Is over.
Hutton a heavy seller on call. Reems to
have a lot for sale.
Following are 11 n. ni. fdds: December
>.70. January 10.30, March 10.37, May 10.41.
New Orleans, Oct. 31.—Hayward, Vick &
Clark: Lot* of cables coming In. If the
hanks would help there would he a good
hiisluess. As It Is. money has to come from
abroad to move cotton, ami that makes it
a slow business.
Liverpool cables; “Huston's friends nnd
concerns bought between 12.000 nnd 20,ono
bales on his crop views, which are believed
to lie around 11,800,090. > %
Hhort Interest large nnd badly frightened.
Looks like a scare and higher.
This will be n bad week. Expect consid
erable loss In field and consequent support
In time to the market, nud while the reac
tion may have gone far enough for present
and considerable depression come yet, we
would change to the buying policy ou all
set-backs.
Tremendous cold wave forming lu the
Northwest. Expect heavy freeze curly tiexl
week. Indications are that It will strike
western licit.
Basis for good middling here Is lower.
This Is but natural, as futures have gone
up so much. Hear good middling trading
nt 60 points on December uow.
Edited by
Joseph B. Lively.
MARKtl
S
Mr. Lively’a twenty-five
years' experience of ed
iting markets In Atlanta
and the South has made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
A*, lee l
Am.* Sugar Refinery. .
American Smelting. .
Am. Locomtlve. . • .
do. preferred. . . ,
Am. Car Foundry. /,
American Cotton Oil .
Anaconda. . .
Atchison
do. preferred
Atlantic C. Lins. . . .
Brooklyn Rapid T. * .
Baltimore X Ohio. . .
thesapeake A Ohio .
Canadian Pacific. . » .
Chicago A Alton. . . .
Consolidated Gai. . . .
Central Leather. . . .
do. preferred. . . .
Colorado Fuel A Iron-
Corn Produce
Colorado Southern. . .
Delaware A Hudson. .
gj&aSSSfc*'::: :
Ownt We,iron
nr***, Nyrth.ru pfd. . .
Ilinol. Centre!
Iuterhoro
_ do. preferred. * . . ,
Kansas A Texas. , . . ,
KM
a.
18*
1<I“
list 11S4
•I a
51H
ft
frqtni Stock sales today, 597.200 shares.
NAME OF 8TOCK.
Kansas X Texas pfd. .
Louisville A £sahrlU«. ,
Missouri Tactile
Mexican Central. . . .
NVw York Central. . .
Northwestern
National Lead.
Norfolk x Western. . . ,
Northern Pacific. . . . ,
Outnrlo A Western. . . .
Pennsylvania
Pacific Mali
People's (ias Co. . .
Pressed Kteel Car. . . .
Reading. . . .'
Rock Island
do. preferred
Republic Iron A Steel. .
do. preferred
Southern Pacific
Southern Railway. . . .
do. preferred
Texas Pacific.
Union Pacific. . .
U. S. Rubber. . .
do. preferred.
IJ K. Steel. . . .
do. preferred.
Western Union. .
Wabash. . . . . .
do. preferred.
14*
%
75*
mi
34
■ , 13*
g sj
k'i
II V
--o
TIPS FLASHED
From Wull Street
NEW YORK.
Haturday
Monday
46.352
52,851
fijST 1
79.232
115,652
100,311
53,741
Wednesday
Thursday
50.352
60.191
Total, five days
Total Since Kept. 1
286.081
1,843.234
430,098
2.466,151 J
estimated receipts Friday:
1907.
New Orleans 2,500 to 4,000
Cnlreston 10,000 to 14,000
Houston 11.000 to 12,000
1
1906.
15,425
11,884
19,290
SPOT COTTON MARKET
Liverpool, steady: middling 6.03.
Atlanta, quiet; middling 10 3-16.
New OrlcnusASteady: middling 10*i’.
New YoHc, steady; middling lo.fcj.
i
tlons this morning. The newe was all fa
vorable rcgardlug tbe financial south and
west. The fact that the Southern spot
interests have not been badly scared by
the declines recently was favorably Inter
preted. The local cotton lender was re
ported to hare covered a * line of shorts.
Many, however, believe that much long cot
ton will lie pushed fog sale on atiy ad-
- ivou i.r bring this on the market. Easier
prices prevailed after the early advance, and
declines of 12 points or more front the high
II
Oct. . .
Nov.. .
Dec.. .
-luu.. .
Feb.. .
March.
April. .
May. . , .'10.2910.45! 10.18
July. . . .Il0.33ll0.4lll0.21
' Closed steady.
.rKU8il9.28jlO.38
! ioids io.H io*.43
.110.18 10.34 10.08
.110.24 10.24110.23
.10.2310.4110.12
10.28! NoiuP
UQ. 18-2*
10.43 10.43-47
10.14 10.13-14
10.13 10.15-17
10. lij 10.17-18
... : J». 20-23
1.24; 10.23-24
>.2110.24-25
10.15-20
10.44-45
10.11-12
10.18-16
LIVERPOOL.
Futures opened firm.
Opening
Range. 2 p. m.
-a.82 ....
October
Oct.-Nov
Nov.-Dec.... 6.63 -5.68 5.67
Dec.-Jan 5.62 -3.66* 6.90
6.82 5.64
5.62
5.71* 6.50
^ , _ ... 5.70* 6.55
Jan.-Feb 5.62 -5.65 5.65 5.69 5,54
Feb.-Mar.... 5.61 -5.04* 5.64* 5.54
March-Aprll.. 5.61 -5.64* 5.64* 5.60 5.53*
Aprll-May... 5.61,-6.65* 6.65 5.68* 5.53*
Mar-June.... 5.61 -5.65 -5.64 5.68* 5.53
June-July.... 5.63 -6.64* .... 5.68* 5.52*
Closed firm.
NEW ORLEANS.
Following Is the range In cotton fntnres In
New Orleaus today:
Jan.. .
Feb.. .
March.
April. .
i m
|10.811Q.47)10.20J10.22
10.28
10.23-24
10.19-20
10.24
10.25-27
10.24-25
10.20-21
10.22 24
10.24-25
r 10.26-28
. ..10.34ilO.5210.2!lj|o.3l|R30-3lil0.30-31
! 10.43[ 10.45i HM2110.43110.36-37) 10.37-39
Cloned quiet and steady.
Savannah, steady; middling 10 3*.
Philadelphia, steady; tnUu>iu S j
Houston, quiet; middling 10*.
Norfolk, quiet; middling 10*.
Galveston. nominal; middling 111-16.
TODAY'S PORT RECEIPTS.
The New York Commercial: At ttje first
sign of weakness on the part of sellers
In the cotton goods trade, It Is certain
that buyers would bold off Indefinitely. Tin
sellers are fully aware of this nnd are hold
Ing their merchandise nt firm prices for
spot nnd near by delivery. The present
lerels, It Is stated, are not out of range
with the cost of the cotton that has been
put lu the goods; on distant contracts the
terms that large buyers arc gottlug are
the easiest of tho present year,
the
AI
The following table shows receipts at the
• oris today, compared with the aama day
».»t year:
1W7.
1906.
New Orleans
tfilveStort
Mobile
.savannah
charleston
Wilmington.
Norfolk
Philadelphia
Pensacola
18.396
12.XW
13J65
1.961
3.403
4,286
6.800
7,041
26,254
959
12.531
460
3.603
2,893
Total
60,191
53.741
INTERIOR RECEIPTS.
The following table shows receipts In tbe
Interior today, compared with the same day
last year;
HAYWARD. VICK A CLARK’8
DAILY COTTON LETTER.
New tirleene. Od. 31.—To,lay'* Liverpool
■how* lmw eatemlwl tho Inl.rr.t. uiuat 1»>
whlrh have deferred protection owing «o
>M*arl«h nrwa from our aide. Now tluit
.onto ono ha* atarted * motion, alrlnif rl.n
10 tho bollaf that tho turn nmy have come,
there la a ru.h to cover. Ono rable *aya
that Sir. Bn.ton'. followora bought In-
tween lo.CM ami 20.00) bale, on hi* crop
view., which are believed to he aronml 11,-
600.000 bale*. Future* were 12 am! «pot lu
higher. Spot aalea 10.000 t-alro. Our market
openatl almut 6 higher, which attracted it
good deal of idling. Vet the «hort Intere.t
of every deacrlptlon la «o large, and the
nodden upturn In the peat two day* having
taken the edge off the *ock »urenea, of oper
ator.. that further reaction could ei«lly lie
worked. Condition, are hardly attractive to
bnlllng. hut «'good abort acare U poaalhh>
nevarthelea*. and the advance I,.probably
of thl* character. Shortly before 10 o-'clock
atich a acare rantb over the crowd. Union
were moatly to cover and .eellera acarce,
will.-Ii mured a Jump to 10.41 for January.
About the name thing la going on lit epola.
L'ahlea to buy were pouring In. and with
normal hanking faelMIro * largo turn-over
would have re*ulted. A* It la, much bual-
ue*. hail to he turned down, hut .pot hold
er* feel better and ral»ed price*. Thl. re
liction In future, darted In New York, nnd,
M huntneai here will he euapended tomor
row, the deal re to eover wa» Inerroeed.for
four New York might work n «urprl«e. Thl*
advance of M point, thl. morning, of conn.,
MtlaSed Mm. commitment., aud the tmllDg
turned lo adllng. apd a net-back followed.
Weather eondlllona are unfavorable. Rnlna
w.-re. eitenilre. and Imllcatlona favor con-
t limed wet weather daring the neat few
iliyn. An itmrfrmally large cold wave la
finning In the northwe*t. and abottld Iw
hrordrrom early neat week. It look. a. If
.ctialderlhle Io.a in the Held, by weather
■luring thla winter can I* counted on.
.rhich .hould atlmulnto price, at we go
* Xew York. Oct. M.-J. B. Barbe * To.:
The cheerful reeling engendered hr the
ea.le- of the -naucTal altuatlou following
the Incline In the call money rale* yeder-
■lay cauaed -eatenalve covering of .horl*
anil a switching over to the bull able of
though tlic mills mnklng cotton (luck
Increasing their product Ions as more labor
becomes available, they are still unable to
keep up with the demands of the trade,
and nro obliged to bold prices nt what
seems a high level. In the dress goods
but a short time, which have taken
with the mittlna-up trade and with the Job
bers In the West. The general lines of
spring fabrics for the women’s wear trade
are under order to a safe extent nnd on
re-orders tbe sellers are holding to their
opening prices. Rush orders are reported
. better advantage In the cities
nnd the single-breasted black overcoats lu
medium weight are strong sellers on re
order with the trade in the city. Among
the retail dry goods trade It Is snhl that
what they lined now Is a period of cold
weather. This would do more to stimulate
the movement of goods than*anything else.
Tbe retailors oro asking for the shipment
Print Cloths Are Steadier.
While sales ere not .largo there Is suffl
clent business In print cloths to mukc prlcei
steadier. Narrow odds are being moved
for new year delivery on n basin of 4%c
for 28-1 neb 61 by 60s. Regulars still com
mand 5*o, with Fall River printers ask
ing for more goods than weavers can make
for delivery this side of March. Wide
goods sold Tuesday in a quiet way at 6*c
for spots.
LARGE INCREASE IN EXPORT8.
Washington. Oct. 31.—Vice Consul John
W. Thomas, nt Manchester, England, sub
mits the followlpg statement, showing the
large Incrense In exiiorts of cotton velvets,
cords and fustians from Manchester to the
United States during the nine months end
ed September 30, liW6 and 1907:
1906, 1907. Increase
Yards. Yards. Yards.
Dyed 1,102,550 1,667,450 561,900
Undyed 1,383,938 1,933.446 549,608
Totals 4*8,488 3,600.896 1,114,406
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EOGS-Aetlr., !4HCJ*c.
LIVE POULTRY—Tltroi active. 40C45*.
chickens, frlca. KWHOc. Ducks, Pekin, Sc
reck; puddle, 32c each. Turkeya active. 15c
'key*, drawn,
active, 20c pound; fries active. 20B22Hc If 1 -
tiena. He pound; duck., drawn, fancy, 1S<
^PRODUCE—Lard. 12c pound: ham. active,
He pound: shoulder, active. lOCJIejHiund;
aide* ectlv*. lie |MWtnd; butter. ISffHc per
lionnd: h>ro*w.i active. 25c pound; hou*i
Citron, 20c pound;
alntnnd*. lKc pound; Brairtl. 14c pound;
PirncrH. 1S»V pound: Enrfl.h wnlnilte. 15c
Ih. I’ccan*. 14c lb. Ic-nuin peel. 15c II).; or-
anm peel, 15c lb. Lemon*, fancy Mcarena,
IJ.ScIoO: bananas. 314c lb.: pineapple*. J lor-
Ida atock. 44.0OC4.5O: limes, Florida itock.
So per hundred. 1’canuts In sack* aver-
acin, 100 pound* each, owlnk to *r*de.
Mtfclc per pound. Florida orancc*. K.W,
dried applc-i, 12gl214c; dried pcocSe.. 1414c.
Fig*. 41.25 bo*. Date., 1-lb. package, 714c. L.
vlaETAHDagEgmog^cr tawnil
GROCERIES.
RICE-Jap, 8* rents; head. Wj:
SUtuSBSSSJUrrSauz EPtuo,*
HAYWARD, VICK & CLARK,
COTTON, 8T0CKS, BONDS, COFFEE, GRAIN AND PROVISIONa
CarondeUt and Gravler 8ta-» New Orlean*.
MEMBERS: . . #i _
& wjiafjpsr S SHxr 1 oT ' A,<1,>
s-H&i Y.rk «d A “‘
, . bacHE £ CO., AND DARTLETT, FRAZIER U CARRINCTON,
D^jWATK WIRES TO ALL POINTS.
NOTES ON GRAIN
Pointers on Provisions.
Hpeelal to The CJeorglan.
(From Huy ward, Vick Sc Clark.)
Chicago. Oct. 31.—Bartlett, Frazier Sc
Carrington: While this ttnanctul situation
remains In Its present condition, wo will
probably have n nervous grain market, nud
would advise caution In trading.
We expect to see n material deollne In
receipts of mars#? grains here lu another
Chicago Evening IV
_ st: Clement, Curtis
.t: Co. have the f7dlowing cable from tlielr
Argentine correspondent: “Prospects for
wheat generally magnificent."
Not every one In the grain business was
debarred the use of money with which to
do business. Kales of 600,000 bushels red
winter wheat for immcdlntc shipment were
reported made here, and New York reported
sales for export of well over loo boat loads,
without Mpcptfjlnx the exact number. There
were also sold then* for ex|n»rt 15 boat
baids of corn. Kales here for shipment of
125.000 bushels corn nnd 115,000 bushels oats.
Harriott-Frnsler reported 200,000 bushels
Chicago red wheat sold for prompt ship
ment to New York. They said: "Thla r
the first business In over a week urn
shows that the foreign exchange market
Is ou a more active basis. Kales of Duluth
No. 1 northern were mode to Liverpool
buyera nt 3o u bushel higher relatively
than laat week.
T. A. Bone, of Decatur, writing to Thom
as Bennett & Co., says; “1 examined corn
from six fields yesterday and found It very
heavy nnd green. Will not do to shell for
ten days frith good weather. Yield from
live to ten bushHs less than expected. Not
> much rotten corn ns laat year."
Exports of flour to the Orient from Puget
Hound and Cohmihlnu ltiver imrtA from July
1 to October 20 amounted to 825,000 barrels.
MARKETS FOR GRAIN
NERVOT IN TONE
Opened Sharply Lower, Re
covered the Loss and
Again Declined.
8T. LOUIS CASH QUOTATIONS.
..f« C;98*
Wheat—No. 2 red winter
Corn—No. 2
Oats—No. 2
8P0T COTTON IMPROVED
AND FUTURES FOLLOWED.
New Orleaus. Oct. 31.—The Tlmes-Detme
ernt sn.va: “Yesterday's cotton market re-
ponded to Improvement in the snot dlvi-
.Ion. money enough having l»een found by
middlemen to finance a goodly quantity of
business, nod speculative shorts having ta
ken fright ami run to rover on n market In
which sellers were scarce. In the process
of adjustment of luterest spots nnd future#
were brought In closer Juxtaposition than In
recent weeks, though no evidence developed
Indicating weakness lu the spot basis. Tho
I terraaupDcy of the recent advance will,
owever, depeud largely up«ui Liverpool*!
ttUude this morning nnd upon tho ability
of buyera to -finance further purchases dur
ing the yet untrrmiDatrd period of financial
stringency, Cable remit lances are now tir
ing received from Europe for the benefit of
the cotton buyer In the Koutb. but at this
ousblered tbe advisability of effecting such
transfers throughout tho United Mates sub-
treasury in order that real money rather
than paper credit may be turned loose In
New Orleans, aud something of this sort
tnny be done bslny unless the bank situa
tion Improves radically. Tho spot buslnesa
put through In New Orleans yesterday was
encouraging both In volume and tendency.
The storm reported from south Texas was
nn anti bearish feature. The fact that the
interior, all things considered, is holding
the sltnatlon pretty well in hand Is a hope
ful Indication, though the ultimate effect
of the monetary troubles from which the
country Is now trying to emerge la yat to
bo felt.’*—Hayward, Vick * Clark.
Chicago. Oct. 31.—Wheat opened l*e low
er, December selling Mown to 96c nnd Ma
to $1.04*. There was n rebound shortly, lu
■.... which opening losses were wiped out. An
week and advance of 1 per cent to 5* in tbe Bunk of
KuglnnU rnte has caused lower markets
abroad. Berlin Is down 2*c, Budapest and
Liverpool off \ to *c. Northwest curs
471. against 555 last year.
Wheat was 3-8c lower to unchanged
at the close, corn was 19M 3-4c higher,
oats were 7-8fa 1 3-8c better and pro
visions were fractionally better.
CHICAGO QRAIN MARKET.
Following are the Chicago grain and pro
visions quotations for today, compared with
yesterday’s close:
Previous
Open. nigh. Low. Close. Close.
WHEAT
Dec.... 96* 97 • 50
May 1"4* 105* mi*
July.... M* 99* 98*
COHN
WEATHER REPORT.
WEATHER CONDITIONS.
During the last 2t hours the ntmospherlc
pressure has Increased considerably over
the eastern half of the map and is now
greatest over New York nud New England.
An urea of low barometer is centers! today
over Kouth Dakota and Is moving eastwnril
In the rear of the high urea. With but few
exceptions, cloudy weather prevails east of
the Rooky Mountain region, with rain fall
ing at Amarillo, Tex., ami Cincinnati. Ohio.
Itulu has fallen In the last 24 liotira in por
tions of Mississippi. Arkansas. Tennessee,
Alabama and at scattered stations else
where. A second area of Increased pressure
covers the Pacific roust states und Is ac
companied by generally clear weather.
The conditions favor partly cloudy weath
er in this section tonight; fnlr nml warmer
Friday.
COTTON REGION BULLETIN.
Special to The flcorglnn.
(From Unyward, Vick Sc Clark.)
New York. Oct. 31.-.T. S. Bnrhe & Co.:
American *fal* higher in London. Rank of
Enginud rnte raised 1 per cent to 5* per
cent. The pro|s>rtIon of reserves of Imiik
to linhllltlcs dropped from 47.20 to 39.90.
This Is uceouuted for by large withdrawals
for America, necessitating tuo advance of
1 per cent In rate.
The rumor regarding Hunk of France
requesting 5 per cent not credited.
'Ihe swift turn In the market yesterday
was mainly on decline in call money rate*
nnd accelerated by the proposed Umou Pa
ri tic plan for boldiug company. Nothing
definitely known ns to the putn
list looked for todny.
The liquidation that canto In the early
trailing was easily taken ami shorts nre
amazed nt strength in market.
Liquidation by Mayor <fc Co. loans by
ttust coin unities and banks today.
Liquidation seems to hnvo liecu started
again.
Town Topics: We regard the improved
tone In the market as almost entirely due
to short covering. Smoe Investment buying
Is going on nil tho time, to be sure, but It
Is not reaching auch proportions ns to In-
finance the market to any great extent.
Besides, the banking Interests In present
circumstances would be tbe first to disap
prove of any nttcuipt to Initiate n bull
movement, and consequently, while tho
market may rally a trifle further, wc think
It will be checked by wholesale offerings «*f
nhM-k bought recently to prevent demorali
zation. Resides, there Is still a great deal
of liquidation that the market must face.
The gold movement Is eminently satisfac
tory, but the general flunnclal and Indus
trial situations are not favorable. Lower
dividends in tho case of Important railroads
will also serve to chill bullish ardor, aud
even the Union Pacific distribution will ac
crue to the benefit of the ladders of convert
ible bonds and preferred stock, as well as
the common.
We look for an early turn lu the market
to the downward side again with especial
pressure on the Industrial list. The copper
inctal position Is decidedly weak, notulth-
standing the movement phrortd. where It is
found much easier to carry the metal than
here.
The steel nnd Iron trade the world over Is
practically demoralized.
Both cotton nud wheat will sell lower, in
>p In Ion. nud should be sold on bulges.
RAM RATE
Stocks in the American De
partment Showed Good
Gains.
NEW YORK IRREGULAR
A Few ^Issues Show Ad
vances—Others Lower.
Trading Dull.
I Xe
York, Out. 31.—There were no ess*»n*
tun changes In financial condition* this
morning. The ndvauee lu the English bunk
rate from 4* to 6* per cent had been a •
generally ezpecteil that the announcement
had no effect on either security or mono
markets. In the accompanying statcm»iu
of resources, the bank revealed the sevci.»
strain which It has been tinder In meeting
the American and continental demands. Its
gold holdings fell off $15,000,099. Its loan i •
count expanded over $25,000,000. and pro
portion of reserve to liabilities declined
from 47* to 391.Y16 per cent. It Is to
renifm tiered, however, that this week's
action takes account of the temporary
shifting of credit supplied over the No
vember settlements, nnd that this may n«-
eouut In f.trgc part for the present ex
tremely week showing. The security mar
kets abroad were generally steady, and Lon
don sent In ii higher range of prices for
American st«»oks. Our IMt opened up u
trifle, nml during the first hour rose sharp*
|y. the rutnorH of u large bona* for Union
'aelflo shareholders reusing heavy buying
f that Mttwk In partleulnr. On tue higher
level stocks were freely supplied, nml b.v
midday a good part of the early galas had
/°York. Oct. 31.—Tbe stock wnrk*»
.. opened irregular, Delaware nud Hndsou *
The 11*1)1) of KniUnd ha* rnl*«l lu mini* I'•>'
""“• 4 " ,r tW *r&> n V». , XW.«!i 0 K , M' A*'-
LmivUm *.* 4., A,m-,l, n„* ure ^^{iVhlre‘*2^'
! Reading opened up *, gained u nolut and
teil to opening figure. Brooklyn Rapid
steady.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
-Following was the
Ocorgin Railway nnd AtehlK
Transit and Smelting opened * higher.
Steel preferred and Kansas and Texas were
unchanged. Nteel common * lower.
Closing bids follow:
Railway Stocks.
Boston. Oct.
ml asked prh ....
llectrlc Company today: Bid 78. aslied 8V. I Atcblsna preferred.,
referred, no market. ! Baltimore and Ohio.
- i Canadian I’ltd fie
THE LONDON STOCK MARKET. |Chicago and Northwestern
STOCKS-
^Op DJ2PM
33*!*33*
m3
.. T6T4I ‘.‘V4
Dec,...
May....
J"'y—
59
58*
58* 59*
56*
58* ■
58*
May 51*
July 48*
DORR—
Jan... 14.60
May... 15.00
LARD—
Oct
Jan... 8.65
May... 8.67*
RIBS—
Oct
Jan!... 7.S7*
May... 7.8G
B
59*
49*
52*
48*
56*
59
59*
14.57* 14.67* 14.57*
14.90 15.00 14.92V,
8.67*
vB
8.47*
8.50
8.G7*
2'£*
7.67* ....
7.67* 7.62*
7.92* 7.90
LIVERPOOL GRAIN MARKET.
Wheat opened * higher and at 1:30 p. i
*i4»!d lower. Closed lfal* lower.
Corn opened * higher and at 1:30 p. m.
higher. Closed *l»% higher.
CHICAGO CAR LOTS.
bmdy.
Atlanta, i lnmly
•Chattanooga. ‘
xCohiiulms, p. i
(inlliesvllie, cloudy. .
(Jreenvlile, cloudy. , .
xfirlffln. cloudy. . .
•Macon, cloudy. . .
•Montlcello, cloudy. ;
xBome, cloudy. . . .
Kitartunliurg, cloudy..
T'HT»it, cloudy. . .
West I'olnt,.cloud v.
ill
Auncombi
Amalgn inn tod Coppei
Atchison
do, preferred ..
Baltimore and Ohio .
Chesapeake nml Ohb. •
(’hlengo and flre.it Western..! I
Canadian I’aeltle 149* 149*
Denver and Rio Crnude .. '19
do, preferred I i 6!»
Erie I is* is*
do, first preferred 39* 39*
do. Nceond preferred .. .. 28*
Illinois Central 1J4 LM
Kansas nud Texas .....
do, preferred
Louisville nud Nashville ,
Norfolk nnd Western
Northern I'aelfir 109
New York Central , 9s*
New York, Ontario nud W..I ! 29*
1'enusylVntiln
Philadelphia nnd Reading
do, first preferred .. ..
do, second preferred ..
Itock Island
Southern Railway
do, preferred
Southern Pacific
St. Until .. ..
Union Pacific
United Stales Steel
lo, preferred ., ... ..
Clo, ! fifi
er and Rio Critnde.
•Minimum temperature* are for 13 hours
ending 8 s. m.. this date,
xReceived late; not loclnded in averages.
1.90; .leanings, |gi. t 3.14.
Light frost nt Nnwbern, N. O.
CENTRAL
STATICS.
AiJaufu. . .
Augusta. . .
Charlestoi). .
(•a I vest on. .
Little Rock.
Mi-mphN. . ,
Mobile. . . .
Montgomery.
Dried
Ok la hi
Kiivniinnb.
Vicksburg.
Wllmlng
DISTRICT A TER ACES.
ill*"-
jli
!i
TT*
iii* lSS
; 76 ^; It)
13*
.1 1 12*1
. 68 ! 67*1 68
,1104*! 103* 103*
1112* 112*; 113*
24*1 24*1 24*
84* 84*! 84*
TWO FAILURES REPORTED.
I.ondon. Oct. 31.—There have been two
failures on the stock exchange, one of them
small, the other more important and hav
ing continental connection*. The tone of
the securities market, however, is firm.
Consol* have advanced 1 1-16 to 82* fur
mopey nml 82 3-16 for account.
Illinois Central
Louisville nml Nashville
Mexican Central
.Missouri Pacific
New York Central
Pemisyl vanla
Heading
Kt. Paul
Soul hern Pacific..
Southern Railway
I'll Ion Pacific
Wabash
Wisconsin Central
Intcrhornugh-Mctropolltan.. ..
do. preferred
Great Northern.. .. '.
Miscellaneous.
Amalgamated Copper
*!’. ID.
.. ..107
.. .. 74*
....101
.. .. W*
.. .. 12*
.. ..103*.
.. .. S*
.. .. 16
Car nnd Foundry
M
AmecTej
America 11 Isicniiiotlve
America 11 Tobacco 4»*
American Cotton Oil 26
American Kmelffiig and Reflulug .. ..
do, preferred K
Brooklyn Rapid Transit 30*
Colorado Fuel nml Iron 16
National Biscuit '6)*
National Lc&d 27*
People’s Gns 72*
Pressed Steel Car 17
Kloss-Slieffleld Steel 32
Mugnr 101
Tennessee, t’dal nnd Irou
I5nl»«-«l Staten Steel .. ..
do, preferred
Western Union
Maekar Companies .
Virgin la-Carolina Chemical
Si
THE COFFEE MARKET.
The fnlloKlnc tl«urj, .Ire lb, onrnlni
rnoice and i-lo.e la ib« New York coffw
market for today;
Opening
«««**•• Close
T. Indlcntes imipprtcialdS rainfall. (D For
yesterday. (2) For 2t hours emliug 6 a. w..
i5th meridian time.
Remarks.
I mum temperatures were
a ^ | In Hie northeast utnl nurthwest portb
The receipt, of min In e,r lot, laity nnit the Mi: In m.„t ntheT eertlou ihey
ettlnitted receipt, for tomorrow oro a, fol- .lightly hlchcr. Itnlii fi ll
lows:
Today.
n»Tj heau,. 4=.*>; LJrou beau. 7c; Urjt
matrhea per ,ro,«. 41.51: rmearonl,
potiml; .nnllnea. mn,t*r»l. 43.40 reae.
BllOAR-dlahdaril itraniilalad I.W; Naw
hu.k
lo ha«a and harrcla. 17r: rreen, USUe.
Rhre.Me.1 hlarnlt. H."0 eaaa: No. I rolHd
oat, 4XS raw; aork krtra. H-poand haxa.
IJ: oeater*. full welahF. I-S raaet papper.
Hr pouoils haklnc powder. IS row; rod
Mlraoo. IS raaa: pink aalmon. M ; S» eaaa:
roroa. ate; chocolate. «14e; «nn(r. |.|h Jara.
Hr: ron.t href. li«0 cane; alntp 'New Or
enn.1. Kr aallon: corn, jrac rillon: potaal
3 JfrHj.ao raw; peannl, ie| rope, I ply cot
Ion. Klir: soap. I1.S0B1 row.
CANDY—Mick, aaaorted CHc pound; alley
aaaortc.1. Mir pound: fancy •anorfod. pall,
»Hc: chocolate drone, palla. UHc: Blk. at-
vorled. t*** 1 I»oxhi $5.50.
FLOUR AND. GRAIN.
FlOrR—Hlkboat patent KSi; l>nt pat
ent. «t.7S: atandard patent. IS.IW: half pai
nt. K!S: aprlne Wheat patent. Ida.
TORN—No. J white. Me; choice whlta. 45c.
Mixed, Me. Cracked coni, 9>> pound aack,
^CftfCKBN FRFD—Fifty-pound aarka. tl;
f*nrfr»a rhlMt fred. fl.ffl.
OATR-No. J white. Me: No. S mixed. Me;
Golden oata. «<•; »hlle cllppe.1 87e
MKAI^-Plaln. M-nenn.1 aaeka. Hr; <4-
,„..i.d aa.-hs. !Sc; plain. !4 pound sacks. Be,
TlAV -TImothy. rholre larre halca. tl.J);
..o.. rholre amall l»lea. «1.»: Nf. t on*,
third tmlra. 41.30: No. 3. one-third bales,
41.10. Reruniila. 40.-. ,
HllOHTN—Choice white. IIW; fancy, tl.75;
rown (75 to 100 Pound*;, tlljj brand. 41.50.
TOTTON AKRti SFAle—Prim# per tarn
30.00; No. 5 per Ion. I3L09; hull, per ton,
PROVISIONS.
PROVISION*—Bnprwn# hams. 15c; t»l
lies. 20fe2S pounds average. 10*; fat hacks,
8.20. , Kuprera* ImpI. 10V Purity cr^npound,
9*. Calirernla hams, l«c. Ez-ribs, 9*.
OAGGfNG AND TIES.
BAGGING-1* .h . Wjg 2 Ih 2*
12*c: re-rulfen (second hand). 7*c.
Wheat. . . ,
Corn. . . .
Dnts
Hugs, hend.
Tomorrow.
THE LIVE STOCK MARKET.
Chicago, Oct. 31.—Rogs—Receipts
9,000. Market 5fa»10e higher; light
$6.70fa6.25; mixed |5.55fa6.30: heavy
S 5.35 fa 6.25; rough 35.36fa5.65; pigs
$4.60fa 5.55; yorkers $6.15fa'6.20.
Cattle—Receipts 10,000. Market
steady; beeves $3.50fa 7.00; cows $1.50*'
4.00; calves 94.5007.00.
Hheep—Receipts 12,000. Market
steady and strong; natives 92.504i5.2o;
Western 92.600 5.15; yearling* 95.000
6.75; lambs 94.26 06.76; Western 94.25
06.75.
THE SUGAR MARKET.
rash for fine granulated. The local raw
sugar market was steady.
The London beet sugar market was steady
with October and November uuebauged or
9s Sd for both.
■lightly higher. Ruin fell over belt ex
cept in the Atlantic const districts; the
amounts Were heavy In Louisians.
J. B. MARIri'RY, Beet Ion Director.
WEATHER FORECA8T.
THE METAL MARKET.
NAVAL 8TORES.
Kpccial to Tbe Georgian.
Suva ii uali. Oct. 31.—'Turpentine firm at
50; sale* 29; receipts 7».
Rosin firm; vies 2.681; receipts 241-’; win
dow glae* fe.l'ri water white |6»; M 95.»?>;
X $5.>5; K H-M: \ „H T»fH.4o: II 94.lQV4.2u;
Waahingtoii, Oct. 11.—'Weather conditions
and general forecast:
Th«‘ pt'csKitre is high this morning over
New Kngiaml aud low over the northcaht-
ern alnpe of the ItiH-ky Mouiitnina, tlx* up
per MlMKonrl valley and In the extreme
Rout Invent. Ill the interior valleys aud ove
the Mint hern plateau rainy weather pr*
valla.
The Indications for tonight and Frldu
point to iucreuslitg clomllneas over eastcr.
districts, probably with rain on Friday ii
the middle Atlantic states and rain toiiigh
and Friday lu the south Atlantic states.
The temperature will be slightly high
tonight In the lower lake region ana on Frt
day lu the middle Atlantic states.
St.trm warnings nre displayed an tlx
straits of J tutu de Fuea from Port Crescent
west ami at North Head ?n the Pacific
coast. —
Forecast until 8 p. m. Friday:
Virginia—Fnlr nud not quite so Cold to
night: Friday partly cloudy and warmer,
probably rain In western portions; light va
riable winds, iH-comlng easterly.
North Carol luu—Partly cloudy tonight,
probably inffi In the southern |sirtion; Fri
day fair and warmer; fresh northeasterly
winds,* brisk off llntlcras.
Month Carolina nud Georgia—Partly cloudy
nnd itossihly showers tonight; Friday fair
and warmer: fresh uortheomerly wind*
Fa stern Florida—Khowcrs tonight or Frl- 1
day In eastern portion; fair In western por-1
lion: fresh northeasterly winds.
Western Florida, Alabama and Mississippi
—Fair tonight nnd Friday; light to fresh
southerly winds.
Kentucky und Tennessee—Cloudy.and un
settled weather with no derided change In
trmprrnture tonight and Friday.
Lou l.dnmt—Fair nnd warmer tonight; Frl-
•lay fair; fresh cast to south winds on tbe
roast.
Knxteru Texas— Mhower* aud warmer in
western, fair in eastern portion tonight ^Fri
day shower*;ifroNh rest to soo|h winds on
the const.
Western Texas— Shower* with cooler In
northern (mrilon tonight and Friday.
Oklahoma. Indian Territory r.iwl Arkansan I
March
April
May
.Mine
July
August
September*.. ..
November
December .. ..
Closed steady.
MONEY AND EXCHANGE.
New \'ork, Oct. 31.—Money on call, op«n
20, high 25, low 3, closed at 5; time loan,
firm; sixty days 606*; ninety days 6*07;
six iitoutbH 6*.
Posted rates: Sterling exchange $(.8 -Jj
1.85*. with actual business In hankers* bill*
nt $1.84 for demand ntxl 94.775004.79 for six
t.v day bills.
Prime* mercantile paper nominal 7*010
per cent.
laomlon l»ar silver steady at 27 9-lld. New
York I mu* sliver 59*/
Mexlcau dollars 46*c.
COTTON SEED OIL MARKET.
Following Is given tbe opening sod closing
quotations of the New York cotton seed oil
market:
.V..V.-..80
5.80-5.90
5.85 5.90
5.85-5.90
r (.i t ut .>uveiauer.
-iSiS Deeetnlwr.
January.
March. .
May
m"
.
Closed stiuidy. kales, i^j tsirrels.
MINING 8TOCK8.
Boston, Oet. 31.—Opening: Copper Range
Klmnnon 104j, Itnlt 33, l'am.lt n. Trinity
11*. .Market strong. 9
Atlanta Oil Mnrknt.
Tlx* following quotation* are based on ac
tual transactions: Prime crude oil, f. o.
b. mills, November 26; December 27; Jnn-
uury 27*. /
TOO LATE FOR CLASSI
FICATION.
WANTKD— ALL-ROUND JOB PRINTER
for open shop; good unenlug for country
printer. .State qualltt«‘atlons and salary ex- '
pccte.1. Printer, Box 744, Atlanta. I
4% UNION
SAVINGS BANK
Gould Building
CAPITAL STOCK . . . $100,000.00
" 0 ; ,, | RESOURCE*
o $280,000.00
M
Atlanta National Bank
ATLANTA, GA.
C. E. CURRIER, President. H. T. INMAN, Vlee-Preeldent
GEO. R. DONOVAN,Cashier.
JAMES 3. FLOYD, Aieletint Cashier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
rr NE W vf>Dy
THE AUDIT COMPANY OF new i Uiin
Tkt Oldest and Firemil Corporation Engaged in Accounting
1310 C,ndler Building.
HARRY M. RICE Southern Manager.
Jl.l«*i hour It, KcaSd-hUd »»eHrt.l*» FHSUat; K Ree-, uet;CU A --r>l,..w.ra ati-1 warmer untight; FrWay
B.SOatl .h.iA.-r*
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS, AUDITORS AND BANK EXAMINERS,
Audita. Spacial Examination*. Coating and Systematizing.
EMPIRE BUILDING. ATLANTA. GA.
1