The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 27, 1906, Image 11

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i THL ATLANTA GEORGIAN. THURSDAY, SEPTEMBER 27. IfKlr. li PRICE ESTIMATED THE COTTON CROP It Was Bearish and Caused Some Selling by the Brokers. OFFSET BY THE STORM Good Buying Appeared, the Tone Firm—Prices Scored Good Advance. New York, Sept. 27.—The undertone of the cotton market wae steady. For eign houses were good buyers of Octo ber, and this, together with the higher rabies from the market at Liverpool, rauaed the steadiness. There was con siderable selling through certain brok ers, supposed to have been caused by the estimate on the crop Issued by The odore H. Price this morning placing the yield at 12,250,000 bales. The New York market was called ateady at the opening tbla morning, with prices ahowlng advances all along the line, re flecting better Liverpool advices than ex pected. Immediately after the opening, n Arm tone developed, as a result of fears of actions damage by the tropical storm, cen tral on the Louisiana coast this morning. It Is accompanied by heavy ralus and high winds, which will serloui' nml on this view of the i ►harp advances during the morning lug. The October option was the strong est. and advanced above 9c. Following are tnc ectlve months In Liver pool today: Open. High. Low. Ortotar-Novemtar. . . .6.00% 6.06% 5.00% ' ' “ 5.01 ft. 05 May-June.... 5.09 5.14% 5.00 Tbeo. Price Issued an estimate of the crop today. He places the yield at 12,- 2f>V>Q0. It wna considered bearish, and a few of the door brokers sold, but with- nut effect on prices, the storm In the f 'ulf talng considered more of an Influence n favor of higher prices. The close was steady at advance* of 7® 15 points, compered wt$i» yesterday’s finals. On account of wire trouble, net receipts are omitted,-as It has been Imposlble to get them complete. Estimated receipts tomorrow: New Orleans.. Galveston.. . . Houston 1906. 1906. .. 6,500 to 8.600 2.272 .19,000 to 21,000 19,021 ..18,800 to 19,800 18.604 SPOT COTTON MARKET. Liverpool, ,pot cotton .lull and atrndy; mlddllnc upland. C.tOd; mica 4,000; Ameri can 1.700; .peculation and export 400; re ceipt. none. NEWS AND GOSSIP Ot the Fleecy Staple. Peltate Wire to Clbert Sc Clay. New york. Sept . n.-Urerpool nt 12:30 up. Was due unchanged to %. up. live vorably by •— prominent nrm large market, however^ and think market Liverpool cablet: "Market affected fa- South keeping above Liverpool will react on any selling. Utin predicted all over the cotton belt today and tomorrow. Theo H. Price, In hla cotton report, makes condition 63.9, ns of September 19, against 67.8 last month, and 62.4 In Bep- temtar, 1906. Accdrdlng to his estimate, “W**® 11 . thla percentage, the total crop will be 12.228.000 bales, aa against esfl- ,h0 flgur ” of July 33 New York, Sept. Liverpool futures uged pn near and t 12:15 p. in.. 383% up on near and 2®3 up on lav. and •tcady. Rales 4,000 spots. 4 up. at 5.60d. Futuroa due to come unchanged to lfcl% up. Carpenter, Ilaggott k Co. aay: "We are bearish aud expect the movement to far exceed demands at an early date, caus ing prices to work much lower ns soon n> the government figures, both glnuers and average, are out of the way. The cotton market It very Arm. Not much for sale. W’lres down lu southwest curtails trade, but dlaposItKm Is to 'buy, and with further reports of Imd weather over the entire ring. II. W’llson aud Mitchell both big buy* era Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-five years* experience of ed iting markets In Atlanta and the South haa made him a recognised au thority To his specialty. TIPS FLASHED From Wall Street RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME! OF STOCK. Amalgamated Copper.. Atlantic Coast 14ne. ,. American Sugar Kef. .. COTTON FIRMER ON HEAVY RAINS New York. bept. 27.—The Sun soya: _ tropical atorm In the gulf of Mexico, caua ng heavy rains In the Mississippi valley, lad much to do with the advance. Besides, there were decreased offerings of the actual cotton and fears of a bullish government report on the condition uext Tuesday. The Mississippi valley hae received n pretty thorough drenching, especially In the lower section. Damage was reporte4i in the Mem phis district by rains, and should the tern- >eratures fall to anything near to frost line Allowing such a storm there might be at east a temporary advance of some magni tude. Meantime the Houth Is offering cot ton less freely. It Is ststedi although the receipts both at the porta and the interior towns Increased. The speculation, too, re mains ns narrow ns ever, and Is as much Ignored by the public ss at any time for n Tear past. But Liverpool people and spot nterests were buying Otcober yesterday heavily, partly to cover aborts for English account, and a good many others were cov ering In December and January, fearing un favorable developments growing out of the ■torm If nothing else, though surmises about a possible November revision of the differ ences between the grades are said to have had some effect. November was also taught rather freely. Wire bouses were buying on n pretty liberal scale, and as a rule there on the short side. Should the nioutl KOV Wonted severity It ..... that prices for the *11010 being at would take a sharp upward course. But It would seem that a decrease of l per cent event.—albert & Augusta, firm st 9%e. Savapnob, steady st 9%c. St. I,onls. quiet st 9%c. charleston, firm st 9W*. Boston, steady at 9.45c. Memphis, steady at 9%c. Baltimore, nominal at 9%c. Galveston, steady st 9%c. Norfolk, steady at 9%c. Wilmington, steady at 8%c. TODAY’S PORT RECEIPT8. The following table shows receipts at tha ports today, compared with * “ Inst' year: Total (Incomplete)..) INTERIOR MOVEMENT. The following tnbie shown receipts at tbs Interior towns today, compared with the snae day last year: New York, Sept. 27.—There were no news announcements of a kind to cause uneasiness. Money wan easier, both time and call, but the market appeared to have absolutely no support of a kind to indicate confidence In the situation by larger Interests. The advance In the stock market, which began about Au gust 9, now appears to have had a cul mination, and It looks aa If a new set of Influences have taken hold on the public mind. The policy of Increased distribution of earnings was reflected In the Harriman dividends In a rather extreme way, and the efforts on the part of larger Interests to secure con trol of connecting lines In the further ance of plans made necessary by re cently enacted law’s, etc., appear as market Influences to have been ex hausted for the time being, and to have been followed by political questions and fears of very tight money. On this last subject It Is not at all sure that the recent decline In the market and liqui dation now going on Is not largely the result of the monetary situation, though money is now ruling much easier. We are not yet Inclined to suggest support to the security list except in special di rections, and prefer a waiting policy until lower levels have bene reached.— Marshall, Spader St Co. LIVERPOOL GRAIN MARKET. , Wheat opened unchanged: 1:89 p. m., % to VWfher; eloeed.% to % higher. r prn opened unchanged; 1:89 p. m., % Maher; closed % higher. such U J. ANDERSON & CO.’S DAILY COTTON LETTER. New York, Kept. 27.—Spot sales In Liv erpool this morning were light at 4,000 bales, 4 points up. Futures opened un changed to 3% up, and closed 4%'35 up. Our market responded by opening 2®4 up. The fear of the tropical storm now * ad vancing on the cotton belt was the In fluence which sent shorts to cover, and also caused some renewed buying for n turn. The weather map for the past two day* has been the worst for the season. Hut the sentiment against the market hnt l>een so general for so long n time that the l»ears refuse to turn loose, ex cept with the avowed Intention of tak lug advantage of a little higher selling 6 asls. The advance and effect of the torm Is awaited eagerly. Should the damage appear Insignificant, the taste will, no doubt, attack the market vigorously, sod the present advance will not be sus tained. Dn the other hand, the hulls nre laying much stress on the storm, nnd should It advance over Into Texas, they will make much rnpltal out of It. weatherTn COTTON~BELT. On account of crippled wire service due to the severe tropical storm. Information from Mississippi and Texas Is meager. A terrific storm Is reported raging at Meridian. Miss., this morning. Montgomery, Opelika nnd Beltna report * ‘ winds and hard rains. ... Jacksonville, Fla., the weather la dear and cool. Georgia—Macon partly cloudy and cool rained yesterday. Savannah clear am! pleasant. Americas cloudy nnd cool. At lanta cloudy, cool nnd windy. WEATHER IN WHEAT BELT. Extreme Northwest—Partly cloudy; 84 to 52 otave. Northwest—Fair to clear; 38 to 60 above. West nml Southwest—Generally elenr; 42 to 64 above; frost nt Sioux City; showera In southern Illinois. Ohio Valley—Cloudy; 68 to 69 above; gen eral rains. WEATHER FORECAST. Georgia and South Carolina—Rain to* Ight nnd Friday; brisk to high east winds. Alabama—Rain tonight and Friday; high and variable winds, dlmlnlahtng Friday. Illinois nnd Indiana—Rain tonight nnd tomorrow: wanner. ^ Wisconsin—Fair tonight nnd wnrmer; Fri day partly cloudy nnd wnrmer. Minnesota—Cloudy; warmer. tonight and anorrow. . , * Iowa—Fair nnd warmer tonight; tomor row* cloudy nnd wnrmer; probably rain In east and south. Missouri—ItnIn tonight nnd tomorrow. Kansas. Nebraska. North Dakota and South Dakota—Fair tonight nnd tomorrow. melting Kef. .... •.;;: . do. preferred • American Cotton OIL .... Car Foundry Baltlmor* ic Ohio Brooklyn lupid Tran.. . . . Canadian Pacific Chic. A Northwestern.. . • • ::: Central Lwithrr. ....... £jw. Sc Great Weit'D C'h <•„ Mil. 4b St. t*. gptt&fS:::::: ::: Illlnola C.ntral Amer. Ic. Securltl,,. loul«Tille Sc NaatnrllJe.. . , . Mexican Central. Mlaaourl PaclAc. NAMK OF STOCK. N. Y„ tint. & Western National Lend Northern Pacific New York Central Norfolk & Western Pennsylvania ' People's Gaa Pressed Steel Car do. preferred Pacific Mali. Reading . Republic Steel . . Ilock Island do. preferred United States Rubber do. preferred Southern Pacific Southern Railway. ...... do. preferred 81os«-Sheff!eId Tenn. Coal A Iron. Texas A Pacific Union rtclflc United States Steel do. preferred Vs.-Cnr. Chemical. do. preferred. ....... Western Union Wabash do. preferred. ....... Wisconsin Central do, preferred. NEW YORK. The following Is the range lo cotton fu< turea In New \ork today: Sept. Oct. , Nov. , Dec. Jan. . Feb. t . March. . Ma; closed s 9.04 9.16 9.25 9.40 9.60 teady. 31 i irS-oi 9.0*06 9.12-14 9.23-24 9.30-31 9.37-39 9.46-47 9.66-57 il 0448 8.87- 89 9.08-04 9.14-16 9.23-24 9.90-32 9.88- 89 9.48-49 LIVERPOOL. The following table gives the opening range and-close, compared with yesterday's close: Futures opened quiet and stead?. OpenJcg Previous o . w Range. _ .Close. _ Close. September 6.20 — Sept.-Oct. . , ‘ Oct.-Nov. , , Nov.-Dec. . . Dec.-Jan. . . Jan.-Feb. . . Feb.-March. . March-April. ... .11 6.06 a# isk NEW ORLEANS. tures In New ng Is th Orleans $F7: Nov. . . Dec. . . Jan Feb March. ...19 May. .. . J.., closed firm. AlfJA It LI, ^ nr 9.23-24 9.5-27 9.28-29 9.37-38 9.41-43 9.6844 0.68-70 mai 9.11-12 9.14-16 9.17-18 9.26-27 9.32-34 9.40-41 9.6446 NOTES ON GRAIN Pointers on Provisions. THE COFFEE MARKET. New York. Sept. 27.—The* coffee market opened stead)- at an advance of 1 to 15 points on the announcement of the names of the person* who nre working with the Brasilian government for valorisation, and which Included some of the biggest and strongest Interests In the trade, nmoi | them the two biggest Importers of this country. Of course the plan ns It Is work ing out Is not really the valorisation origi nally Intended. The various merchants each advance a anm to the Brasilian government, which, in addition to the other, guarantees nnd provides for the valorisation law.—Gib- ert A Clay. Following Is the opening range and close of tbs New York coffes market for to- Opening January February.. . March April May June July August... .. September.... October.. . . ,4.89-6.85 . . .6.80 6.90-7.00 .. ..6.96-7.05 .. .. 7.06-7. M 7.10 7.15-7.26 .. ..7.20-7.25 I.6.40 November S’&aS December Closed stendy. Close. 6.804.85 6.904.96 6.96-7.00 7.00-7.06 7.10-7.15 J. 15-7.20 7.25-7.30 6654.60 6.55440 6.66 yd ..6.704.80 6.764.80 GIBERT & CLAY r. HVrtSi. SSa?2: COFFEE. PROVISION* ATLANTA. OA rrlvnte Wire to Wars St Leland. Chicago. 8ept. 27.—So long aa cablet show present strength, do not see how our market can sell off much. At the same time some bulls have good lines bought nt the present level, and should they tire out * good set back would develop. Wheat opened firm with local! buying. Some good selling of May corn through brokers this morning. Oats opened firm with Wells and Bartlett, Frazier A Carrington fair buyers of Decem ber. Selling scattered. Only moderate trade In provisions, with market weak. Commission bouses selling lard nnd ribs. January product easy. Buy ing scattered nnd by pit traders covering shorts. Packers not In the market. Chicago Inter-Ocean: Cash business In hlcago yesterday was 20,000 bushels. Sales f corn were 260,000 bushels nnd oats 80,000 bushels. Kansas City sold 150,000 bushels of wheat to Minneapolis. - ..... Duluth exporters sold n big lot of Mani toba wheat abroad and had bids within ' ic of the market for Dulnth No. 1 northern. Export sulea of wheat In all positions were 20.000 bushels. Sales of corn were 66,000 mshels and oats sales at tho seaboard iqO f - 000 bushels. , * . . , Charters hare been made for 75,000 husbela of corn the past two days at l%c. Most of this capacity will take contract corn. Can is of No. 2 and No. 2 yellow corn In > dnys hare been 287,(8)0 bushels, or about ns much aa had been delivered. -September deliveries yesterdnv were 6,000 bushels wheat, 120.000 bushels of corn, 20,000 bushels oats, 760 barrels pork, 1,260 tierces lard and 450,000 pounds snort ribs. Advices from Minnesota say that the quantity nnd quality of wheat baa been de teriorated very materially alnce the eatl mates made when the crop was first out. Ralu haa Injured the crops, any reports cov ering Kansas, Nebraska, South Dakota and Minnesota, aud In now playing havoc fur ther north. Grains of all kinds are growlna In ahoeka nnd atack, nnd advices nre that It la Impossible to tell what the outcome will be until after threshlug Is finished. Threshing reports on wheat taken aa they run from eighty-four country corres|»ondents In North Dakota nnd Mlnuesota, show only 20 per cent below 10 bushels per acre. WHEAT HIGHER ATJHE OPENING Firm Cables and Smaller Receipts in the North west Were Factors. PRIMARY MOVEMENT. The following (Inure, give the primary movement of wheel nml corn: , *°**y 1,060.000 liushel,. v«. i'/F&S? 0 . bushel. lint rear. Shipment. tnduy 645,000 hustle],, v., 7a5,000 huahele Inst yenr. eorn-Reertpt. today *77.000 huahel., v«. J.'I-OOO liuahela Inat year. Shipments today -<0,000 buahela, va. 156,000 huahela last year. NORTHWEST CARS. The following hgnrea giro the northwext ■ It.t week and la.t year: 1-rlvate Wire to Olbert Sc Clay. Chicago, Sept. 77,-Wheat la a purchase on all recaalona. We continue to feel flrendly to long aide corn and oata on .oft spota. l-rorlilnna weak ami lower on wenkneaa In the hog market, and some Influential Hell ing of January lard nml riba. See no .up- port aa yet from the tonga. e.lChtrago Beard of Trade. members 5«h.nge.|gcw Orleana Cotton Sj^SKnOV^fMofCottoo i-ocutlon k 5a ass Ikisss:: sss ks stkru-So ~ =■•>■■■. M ... u„ a CAO.e. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Beil Phone, Main 858. ATLANTA. GEORGIA ATLANTA MARKETS. FRUITS AND PRODUCE. Officially corrected by Atlanta Fruit and Produce Kxchnnxe. Lemon,. *7.7»US.OO. I.lmea, 60«75e. Pineapple., 11.5061 W- . „ Manana., .might., par bunch, ll.M01.7S. Culls, per hunch. fl.OOcl.2e. CALIFORNIA t ftlHT—Fancy .lock: Kioerta peache., per box, fl.60. Mountain Bartlett pearl, per box, SIR. Oroai plume, per crate, K- _ Columbian prune, per crate, n. „ Iloee Peru grape., per crate, K M. Blue Malrolae gmne., per crate, 12.(0. S:SrL n T U .'.’v rNT»*‘cou.vniYrnoDucE 7 Lira hen., «<iS7Hc; fnia, 22H«25c: hrull- '"Jve^mct'.'. Pekin. S5c: paddle. *C«V4e. Dressed hens, per pound, 12018c. Kggs, per dozen, 28c. ♦ Butter, table, per pound, 20©22%c; cook- "flnSr.,^ 4lftund: in one-pound rack., 104112c. ... VKOBTABI.KK—IrUb potatoea. No. I atock. |<er bnahel, ll.tr , Cahbaga (Virginia. »tc pound; Danlah 'Ylma lieona per pound, «c; Nary, K.M par '"nnloiia, per huehel, I1.S5; cabbage, 154c lb. Vow aweet potato..,, 60c huaheC Kraut, 54-liarrcl, K.Tf FLOUR, GRAIN. PROVISIONS. Kl^JPIt-Peatel’a patent. 10.00: Diamond patent, K.S; Maicoutah Star, (f-WLldbry parent. (4.60; Bed Kagle. (4.15; Blue Bfbbpn. M.!«; fancy, I3.K: tprmg wheat patent, R.M °COBN—Choice re<l rob, 72c: No. 2 white, 70c: No. 2 yellow. 69c: mixed. «e. OATS—Oholcc white cllptietl, 4*c; choice white, (7c; choice mixed, 45c; Texae ru.t- l>r MKAI^PInln water-gremd. per bnxhet 67c; liolted. Itl-ponnd Jmea per hu.hcl, 6Jc; slinrta, white, il.50: me.llum.tt.40; brown, fl.SOipure bran, tt.10: mlxetl bran. 1106. HAY—Timothy, choice large belt-,, IMS; do., choice .mall bale* $110: do.. No. 1 Hmothy bale., $1.06; No. 2, tt.OO: do.. No. 1. rlm-vr mixed U.00; do.. No. 2 ctoaar mini, ft. 00. CI.OVBR—Choice Bermuda. 75c. ltYF-tleorgla, 11.10; Tenncuee, 90c. Bar- lev, P6e. The abere price, nre f. o. b. Atlanta, end ,ubject to Imtm^gM^u-cgrtoneE SUOAB-Standard granutnted.15.10. New Vcrk rertned, 44(c; plantatlona, 6c. Market 1 MICE—Carolina- 4H«7Hc. according to grade. New '-r«p will arrive In two week*. CIIKRRE—Fnncy full cream dairy, 15c: twin a. I4*ic. Market strong. PHOVISIONS—Supreme home, 15c. I tor. hama. I.7'4C. Cnllfcrnla hnnu. M.tO; It<^ Crr*a hams. 15c. Krr Mlt exirn rlln, p.15; tiellle,. 2M Iba.. I10.M: fat back., ac; plalea t, - Supreme lard. flO.lt'k; Knl C'roia, 10c. Snow Drift compound. IV:; KtsI CroM. ,'jtc. Chlcngo, III, Sept. 27.—Argentine continues a email ehlpper of grain whet) compared with the shipments of last year. This week they are estimated at 400,000 bushels of wheat and 1,500,- 000 bushels of corn. The markets here all closed rather quiet, with wheat 1-2 05 -8c higher. Corn was l-8®3-8c low. Oata were l-8@l-4c lower.. Pro- vlalona were 2 1-207 l-2c off. Caah aales were 11 loads wheat, 6 of corn and 80,000 buahela oata. At the seaboard they were 44,000 bushels wheat, 120,000 bushels corn and 153,000 bushels oats. Duluth and Kansas City reported 50.- 000 bushels cash wheat taken. Sentiment on wheat was bullish at ths close, and the outlook Is for fur ther advance In prices. CHICAGO GRAIN MARKET. Chicago grnlb and provision quotations for today follow: Open. nigh, r— 721k 73<4 St £1 I I I I Dec.... 75 May.... 79% CORN— Kept.... 48 Dec < 43% May 43% OATS— Sept. Dec... May.. FORK— Snpt... 16.66 16.6) Jn > n.. : 13.22% 13.25 . 187% 8.87% Oct... 8.86 8.86 Jan.... 7.77% 7.80 BIDES— Sept Oct... 8.30 8.35 *aa.W»AW l ‘ No. 2 red 74V 2 bard winter ' a* m 7874 79% 1 B 18.6214 18.1714 8.gi4 8.99 7.76 8.86 8.99 m m 8.85 9.00 f:8 Mlnneapollg La.t Lait Today. Week. Year. CHICAGO CAR LOT8. Today. Tomor. 229 20000 260 12000 LIVE STOCK MARKET. Chlcngo kept. n.-lloga-Katlmated re ceipt. today 21.000. Market week to 5c f “ lr i ,<,ft over 8-436; bulk $6.*0416.60; eatlinateil for tomorrow 17.000; light hints 86.2566.6744: mixed 16.6066.70; heavy 15/8066.70; rough f5.suW6.5o; pigs fi.8066.60; yorkers $6,604(6.66; good to cho re fc.41 HJt irv-f* «,i..8M(ti.Ai. |nn»r io me- atockera and feed era $2.40ft 5.60; western 2 5.50; weatern 1 lamlia 84.25T47.6 Private Wire to Ware & Lel«n«l. New York. Sept: 27.-London firm %©1% up. the latter on Canadian Pacific. It la feared that money flurries may he witnessed toward the week's end, and In Tlew of extraordinary October disburse ments and rather of a bearish feature la the light demand for stocks lu the loan crowd. Expect an Irregular market, but there Is very bullish talk ou Southern TaclUc sad further declines In Coppers will tend to stimulate buying of the shares due to the great strength of copper metal. Think It best to confine operations with in a trading radius. Humored from excellent authority that supreme court haa sustained 10c fare to Coney Island. 7 Louisville nnd Nashville is breaking bad ly ou talk of floor news from the South hurting cotton crop. Dow-Jones' summary:, Americans lu London firmer %$%c above parity. °f England rate unchanged. ’ 3* nominated for governor of New York by Democrats. STOCKS AFFECTED BY STORM NEWS New Orleans Was Reported Under Twelve Feet of Water. CARRIED PRICES DOWN Rumor Later Denied and Confidence Was Quick- , ly Restored. fiscal year. earnlngswwer la equn ipltnr stock. Large loss of cur re 33 per cent on Its ^ currency to. the South Is expected In the near future, with nu ac- Jlrts^tnovement of cotton for export In Oc- Light demand for stocks In loan crowd. New Haven surplns overcharges equal lo 12.21 per cent on capital stock. Two roads for third week of September show average gross Increase of 14.15 per cent. Further gold engagements expected, now that Immediate fear of advance In bank rate Is removed. Twelve Industrials advanced .14 per cent. Twenty actlro railroads declined cent. 02 per to sell. I/ook for ket, ? wft New foreign critics call 'the extraordinary moth^ xls used by American tankers lu occur- ng gold,’ but today's market suggests a wtter feeling over there, and we are In- dined to look for support from that dl- rectlon., or, In any event, less disposition for Improvement In the stock mnr- Ith strength In specialties. York FJfiancinl Bureau: If, aa a majority of Wall atreet seemed to think yesterday, the atock market acted cantank erously on ncommt of the political altnntlon, It should have a radical recovery today, because Henrst. on a platform not bis own and which repudiates bis most vital prin ciples of socialism and municipal owner ship, will nerer be elected, aa he wilt find almost half of 4he sane Democracy against him nml In favor of Hughes, who, nslde from these factors. Is an exceptionally strong cnndldntA A reasonable rally is due to bo followed temporarily by an irnrgulnr trading market. We again strongly advo cate purchases of standard stocks conserv atively ou these reactions for turns, at least, for the large Interests hnre reninnl- Tested their opposition!! to a bear market and demonstrated their control of prices. Until uncertainties hnre t»een removed, a broad bull market Is not likely, but nn active profitable one, with the Jong side logically Is the deduction wo make. Other developments overnight do not appeal to us as vital factors, outside of the report that the Bank of England rate Is un- bio. Tho fundn- If Improves. Wo •re In tho midst of great and Increasing prosperity. It Is unnecessary to go Into detail regarding It. The political situation seems to us to hnvo been relegated to the rear as a real factor this fnll. SOUTHERN EXCHANGE Oldext Extubllxhed Office South. conos STOCKS MUDS GRAIN Ground Floor Oould Building. Dally market letter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 REFERENCE, THE NEAL BANK PHONE 1417. PRUDENTIAL BLDG Kiw V$rt Ntw Orient. CkUtge. cottojmjImu?, Provisions,Hto£ks^bonds, ■fa, ( erpool Colin Atioeltlloo. ' New York Colloo Cubango. Private Wlret to Hew York, New Orletat, Chicago. 5. C. COTHRAN, Manager ’tone 1267. Slander J Ft i 3J % Compound Interest fa the rate your money will draw If deposited In the SAVINGS DEPARTMENT of CENTRAL RANK ANO TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and inspect our quarters and investigate our facilities to serve you. A hearty welcome awaits you at this bank. A8A G. CANDLER, President. W. H. PATTERSON, Vlce-Prex. A. P. COLES, Cashier. JOHN 8. OWENS, Vlce-Pree. WM. D. OWEN8, Asst. Caihler. STOCKS REVIEWED BY NEW YORK SUN New York, Bcpt. 27.—The Bun snya: As was the case Tuesday, Inflnences of a polltl cal nature yesterday were those having greatest weight In the stock market ft has «ll along been reckoned ns certain by tho financial community that nt the election In this state this fall tendencies of sn avowed socialism will make themselves prominent, but previous to present week It Is by no means taen thought probqblq that a cnndl date representing a political propaganda of the klud described would be able to aelte the nomination of one of the two leading political parties. This even had not Indeed up to the dose of the aecurlty market today taen n matter of actual occurrence, but that It would happen wan regarded aa a vlrtnal certainty, us was also the conclusion that It introduced for the time being at leaat n new factor of unsetlement Into Wall street nffalra. Tbe market was nervous and feverish. No doubt this was due more than nnythlng else to the quick selling-out and New York, Sept. 27.—Prices moved about feverlahly In the morning's mar ket, with no aettled trend In either di rection. The one fact that was evi dent In the very confused movement was that manipulation was present to an unusual degree on both sides of the market. A powerful party was at work endeavoring to drive stocks down; on the other hand, strong support was extended at all times. These two con flicting forces were about evenly bal anced during the early hours of busi ness. The market opened at about last night's level, rose sharply for a time and then broke rapidly on a rumor that the city of New Orleans had been prac tically destroyed by a tidal wave. This story was promptly denied, and Louis ville, Atlantic Coast Line, Illinois Cen tral and other of the Southern stocks, which had fallen violently on the first report, recovered with equal sudden ness. Canadian Pacific on buying or ders, partly, emanating from London, made a new high record, and the spe cials were better maintained than usual. Recent favorites, as the- Copper, the Pacifies, Baltimore and Ohio and St. Paul, were rather notably heavy during the morning. New York, Sept. 27.—The stock market opened generally higher. First prices showed gains of 2 In Anaconda, % In Brooklyn napid Transit and Amalgamated, % In Ht. Paul, Canadian Pacific, Consoli dated Gaa and Atchison, and % In Penn sylvania. Baltimore ~ ~ — chanced. Reading on ceded %. Amalgamatt _ The stock market allowed decided strength after the opening, with Read ing, Brooklyn Rapid Transit, Canadian Pacific and Rubber the most prominent features on a sharp upward movement. Where stocks had Just about Joined In the rise when wild reports were circu lated on the floor of the exchange that New Orleans was under 12 feet nt water, telling orders poured into tho market In large* colume, carry In g prices down with a rush from 2 to 3 points. A telegram from New Orleans, stating that business was going on as usual In that city, quickly restored confidence, and the upward movement was re sumed. Government bonds unchadged. Rail road and other bonda lower. LONDON 8T0CK MARKET. cats were rfolng other thsnleave ths market severely alone, on the other hand, It wna evident that the market was still nndrr per tlon. „ monly shown than business, hut tbe rourse of the market, taking tbe day os s whole, could only be characterised as Irregular and uncertain. The firmness of certain stocks-notably Southern Pacific—was a conspicuous fea ture of the day's business.—Olbert k Clay. Atchison.. .. . Canadian Pacific. . . . . . Chic., Mil. and St. Paul.. Krie.. .. Illlnola Central Louisville and Nashville. Reading .. ,, Pennsylvania *. .. Houthem Pacific .. . ... Union Pacific United Btntes Steel. . .. do. preferred September. October. . . . November. . • December. . . . January. . . . March foscll steady. COTTON SEED OIL. (^gening. Closing. ' 34*'$35 I PRICE CURRENT CROP REPORT. Clnclnnntl, B»nt. 27.-Th- I’rlre Current ««,•: Coro nit trout frost In art urinal corn rt.tr,. Larfrr crop than l.irt vmr of jrood quality probabla. Early ruttlus for fiuM.r Imllratnl. Incrra.ctl oUrrlnx. of xruln prolnlile wh.n fall work I. ooui- plrlrtl. t'aaturc. not uulformly xno*l. nml min. nmlcl la aomr .notion, to put irrouml In condition for aowlnx. Packing 115,uoo, •tnlut 145,000 n yenr ago. THE 8UGAR MARKET. -Vew York, Rrpt. W.—Local rrflmxl and raw .ugar market, ntmdy nnd uucunxad. London beet mnrkrt .trndy; teptembor 9. 19144: Octotwr 9n t>4d. 1 THOMAS J. PEEPLE8, Ca.bl.r. JAMES G. LESTER, Assistant Ca.bl.r. 1HADD0X-RUCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi annually in our Savings Department. HUBBARD BROS & CO. COTTON ■•4 MERCHANTS Atlanta Office*, 219-221 Century Building, ■ Members New York Cotton Exchange, New Or leans Cotton Exchange, Liverpool Cotton Aaao- elation, Chicago Board of Trade, New York Cof-I fee Exchange, New York Produce Exchange. Business solicited for the above exchanges. Direct wire service. Correspondence invited. I'll.in.-, 4s4, l.ouu l)lMjfice39. A.S. Hustace. Mgr. Safe Deposit Boxes For rent in our vaults in the basement of the Empire Building for only $5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We invite you to call and inspect them. Title Guarantee and Trust Co. r ATLANTA NATIONAL BANK ATLANTA, GA C. E. CURRIER. President. H: T. INMAN, Vlco-Prealdent. JAMES 8. FLOYD, Aaa’t Caihler. A. E. THORNTON, Vice-President GEO. R. DONOVAN, CashlVr. Aia 1 ! V. Capital $500,004.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage.