The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 29, 1906, Image 19

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Covered Actively on News of Serious Nature From the Crops. EUROPE HEAVY BUYER Excitement Was Great at 'the Opening, Prices Scor ing Sharp Advance. Sew York, Sept 29.—'The storm in the South has nt last !>een taken seriously by (tie cotton trade. There wan Immeasurable excitement at the opening, prices scoring a uli»rp advance, led by the near months, of which Europe was n large buyer. Short* wcr« active purchasers. The short* _ „ two or three days past. This morning their nervousness reached the acute stnge, mid there was an old-time stampede among this class of cotton traders, who have been fuiHrifujr op their lines on the theory that the yield of cottou was certain to be of enormous proportions, and that prices could he forced much lower. They were confident lu their position and on yesterdav claimed that damage to cotton by the tropical storm was exaggerated and prices during the day frtrelr held their own. the close. In fact, eh a wing slight declines In some positions. This morning’s early ndvices from the Liverpool market showed that the English spinner. In order to lie on the safe side, entered the market and bought futures on a libera! scale, thus preventing n reapoune to the easiness In the American markets, that market opening about 2 points up when u decline of a like amount had been looked for. Trading whs imee active for the usual Saturday short session. Following Is tin* range In the active months In Liverpool today: Open, Oetober-Novemfoer .>.09 * ‘ ..5.07 THE ATLANTA GEORGIAN. - RATUIIDAT, SEPTEMBER », 130«. • - 10 NEWS AND GOSSIP Of the Fleecy Staple. p fi r «‘ 8 Wire to Were * Ertsnd. .. . r ,' ork ' . B *pt- 29.—Liverpool npeued ffl.Sii- S-otJce-* S Curpeuter, Baggott & Co. say: “The Ue- )* greater than the supply. With a “wwwMt and arrival at WV" market hold fairly steady, but If, as we confidently believe, the movr»nent increases nt Is now promises, the forint hill f , n 5. <,s,,, *«dth*; demand. We there fore think prices will tell much l«>wer during the rush movement, which should lust for V 1 * best sixty days." *? , owl . ng fc., , f. ststlstlcal position of mx n \!t nn* l t iuy ’ September L\ us made cle- ^ ^ ew ^ork Flnauclal Chronl This Last Last ...... . Week. Week. Year. Uslhfe supply 1,970.746 1.W.S86 2.928.939 1.197.746 1,001,265 2.134,939 956.7J5 597.229 1.246.910 339.476 259,303 3.H2.683 275,149 186.946 290,586 426.935 217.690 666.965 157,784 92.594, 857.046 184,188 145,943 209.293 152.791 124,512 167,633 173.861 142,464 250.461 Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-five years* experience of ed- itlng markets In Atlanta and the South has mndo him a recognised au thority la his specialty. TIPS FLASHED From Wall Street. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Amerie_ In' sight. . . . For we£k. . . Port receipts. , stocks... : . . Exports. . . . Inr. receipts. . lilt, shipments, lnt. stocks. . . New Orleans, 8ept. 29.-Tbe visible of American nt 1,194,000 shows week's Increase to be 189,000 ugntnst Increase of 187,000. Other kinds decrease 19.090, against Increase 5.600; mill takings 169,00o, against 194.- Decatur, Ala., wires: “Continued heavy rains retarding movement." Ruins In North Carolina, Noutli Carolina and Georgia*, generally fair elsewhere, to- ** Generally fair all over belt t«» *8 NAME OF STOCK. 1 4 | j JL Ir- ES it Private Wire to filbert & Clay. York. Sept. 29.—Liverpool high expected ltf‘l High. Low. “ '% 5.08 i% ‘ Ugh. 5.10% r».ns% •5.10 6.14 i>.08 5UV* December-Janusry.. Junnary-February March-April 6.13 Msy-Juits.. 5.151/4 5.17 6.15 Spot sales were light, being estimated at |.noo bales nt on advance of 2 points mak ing middling. 80 far aa early advices were concerned, the failure of Liverpool to resimnd to the American of yesterduy was about the only !ittl!!*!l feature, utul on that prices opentul sharply higher. As the session advanced It dawned on the bears that the storm news. If uot quite ns serious ns reported, was enough to con vlnce them they were on the wrong aide of the account, and for the two hours session flier bid tip prices on themselves, while Eu rope and the South were heavy buyers. As n result It tvna the moat exciting session for a long while, enormous blocks of cotton (hanging bands at constantly advancing prices. It Is claimed there Is still n large short Interest outstanding, and that their cover ing will force prices still higher. nlmut 2 points higher, lower. Shorts covering, and very little cotton for sale, caused the advance. Wilson bidding 9.2V for 5.000 Ootobo Mr. Price Is quoted us baying no notices were stopped for him. The Chronicle weather summary unfavor able; complains of heavy precipitation, damage to crop and delayed picking and marketing. Market advanced on short covering caused by uneasiness over storm damage. Wilson bids 9.67c for 5.000 January. The Journal of Commerce says: Trade for the day was steady, but generally quiet. The dominating feature In the market Is the nnxlet.r of buyers for goods that are delayed In delivery. In many Instances, the large western buyers who have been 111 the market recently have been adding to tbelr engagements of goods, even though they now have orders pending on which deliveries are from thirty to forty-five days behind hand. COTTON MOVEMENT DURING PAST WEEK Following is the statement of the move ment of cotton Into sight up to and Includ ing Friday, September 28. complied bv Su perintendent King of the New York Cotton Exchange: Weekly Movmcnt, American Sugar Kef.’ *,! Anaconda American Locomotive,. . do, preferred. . . . Amer. Smelting itef. . . do, preferred. . . , Atchison . do. preferred. ... American Cotton Oil. . Amer. Car Foundry. .. Baltimore Sc Ohio. . ,. Brooklyn Rapid Tran.. Canadian Pacific. . . . Chic. & Northwestern.. Chesapeake A Ohio. . . Colorado Fuel A Iron.. Central Leather „ do, preferred. . . . Chic. Si Grant West'n. , Ch o.. MU. K- St. P. . . Delaware A Hudson. .. , Distiller's Securities. .. , Erie do. preferred I Electric. . . . Illinois Central Amer. Ice Securities. , Louisville A Nashville.. . Mexican Central Missouri Pacific NAME OF STOCK. •V V . On? A Western. National Lead Northern Pacific. . . . New York Central. . . Norfolk A Western. . - Pennsylvania People's Gas. ...... Pressed Steel Car. . . do. preferred. . , . Pacific Mali Rending , Republic Steel Rock Island do. preferred. . . . Southern Pacific. . . Southern Railway. . do. preferred. . . Sloss-Sbeffield. . . . Tenn. Coal A Iroa. . Texas A Pacific. . . . Union Pacific United States Steel. do. preferred. . . Va.-Car. Chemical. . do. preferred. . . Western Union. . , . Wabash do. preferred. . . 4S 7 4i NEW YORK. The following Is the range Id cotton fa- tares In New York today; Feb. . March. May.. . 9.07) 9.27 9.21 9.41 9.27 9.62 9.36 9.58 9.r. :u;’ 9.511 9.74 9.60 9." 9.24} 9.26-23 9.41 9.39-41 9.51 9.51-62 9.68 9.66-68 9.62 9.64-66 9.74 9.74 9.80! 9.80-SI IJ 9.14-15 9.22-23 9.29-39 9.36-38 LIVERPOOL. The following table gives tbe opening JjgJJ* “°d cIo **» compared with yesterday's Futures opened steady. Opening Previous M Close. Close. September 6.32 5.32 5.29% 6.17 5.14 Oct--Nov 6.09 -5.10 6.10 6.07% Nor.-pec 5.06 4.07 6.07 0.0$ pec.-Jan 6.07 -6.08 6.08 6.06 Feb.-March. . March-Aprll.. . Aprll-Msy.. . . Mav-Jnne.. .. Closed steady. -6.15%-6.16% 5.16% 6.14% NEW ORLEANS. t The following la the range Id cotton fu- » turea iu Saw Orleans tmlay: (J i § a J !i ! II - Oct .... Nov, .... Dec. . . . . Jan Feb March. . . . May m ‘9.36 9.46 *9.6i 9.87 "OT "9.69 9.69 9.81 9.94 9.29 9.33 9.44 9.58 9.87 MM 9.47-48 .... 9.0-61 9.53 9.62-53 9.62 9.62-63 .... 9.68-70 9.77 9.76-77 9.921 9.9192 9.J324 3.36-2S " *.3-30 9.ro.« f ».« 47 ; *.6354 “ »■*•« n Private Wire to aitiert A clay. ,. New *r'V rk i ■ntt 29.—Marshall, Spader A La: Today s market should t>« a fair In dication or technical conditions, and. v some nervous strength, bn further advance will be at expense of the short Interests, and, there fore, reduce the buying power. * Co-: Expect some Ir egutarjty today. Would otify buy stand- rd rails on wrak spots. On further bulg ing, advise taking profits. The liquid* tlon has helped the market, and It Is ox- pected to do letter next week. *~nln we any advantage should be taken jese drives or turn downs or reactions to purchnee atnndan! stocks for tarns, at least. Hut do not neglect tbe reasonable re turns thnt fire Invariably presented. The large interests agfllu demonstrated their absolute control or the list during Friday's session, which was full of gross manipula tion. The rally wax a little swift In the late afternoon yesterday, and this being the usual evening ujr day, some Irregularity appears likely. We expect a much better and more reasonable stock market next week, after the October disbursements. The storm damage In the South seems to be large, hut not disastrous, and we think Its effect will t>e transient. The po litical news seems to us more encourag ing from the Wall street view, for Hears! has evidently irrevocably put the sane Dem ocrats ngainst him by standing pat on hh [lersounlRy and Independent platform, repu diating tbe Democratic platform of Buffalo, while the Hughes refusal to accent corpora tlon campaign contribution nullities coin cldently the effect of the Ilenrst Ir.nuen does along that line. The ui.T-kc Is la much better shape through whet Ihiafdk- tlon occurred and because of the big mort age. which will lie catered to, thnt has la-en built up. Private Wire to Ware A Lolnnd. New York, Fept. 29.—Loudon lower. Steel off %c. A poor bank statement Is expected. Look »r an unsettled and very Irregular mar- »t. following yesterday's advance, al- lough an early nnmincement of the Great * lilted States Steel ore deal will SHARPLY LOWER Selling Free in First Few Minutes at Conces- DUE TO LIQUIDATION Downward Movement Was Followed By Sharp Recovery. ties. he fri veiling up can In* iders, but wherever believe that long . 278.56’» 293.723 firm with prices net 24 to 29 polnti In New Orleans dosing prices were zi to 24 iioints higher, as compared with yester day's flunls. Estimated receipts Monday: .. 1906. 1906. New Orleans 7.69ft to 9.009 2.270 Galveston 29.000 to 23,000 20.067 Houston 16,000 to 17,000 17.668 SPOT COTTON MARKET. Liverpool, spot cotton dull and steady; middling uplands 6.68d: sales 3.000; Amer ican 2,800; speculation and export 300; re- eelptn none. Atlanta.^steady nt 9-%c. New York, quiet nt 9.90c. New Orleans, firm at 9%c. Augusta, steady nt Mjc. Mnvnnnnh, steady nt 5%c. 8t, I,ouIs, steady lit »%e. TODAY’S PORT RECEIPTS. The following table shows receipts at the ports today, compared with the same day last year: Brought Into sight for week.,.,|3Sfi.66oj377,106 ATLANTA MARKETS. FRUIT8 AND PRODUCE. Officially correctea by Atlanta Fruit sad Produce Exchange. Lemons, 17.60. Limes, 604075c. Pineapples. $1.600160. Hnnaiiss, straights, per bunch, $1.5091.78. Culls, per bunch, $1 .Owl.25. CALIFORNIA I- ftIJIT-Fancy stock: Emerta i>enches. per box. $1.60. Mountain Bartlett pears, per box, $8.26. Gross plums, per crate, $2. Columbian prunes, per crate, 12. Rose Pern gropes, per crate. LOO. Total Crop Movemtnt. ‘ ’ ~ 1 lfofi. i 1906. i ’ort receipts................ ."^676,336. 922,693 Overland to mills and Canada.] 18,237; is,»)7 •Southern mill takings 167,000) 157.000 Stock nt Interior towns in ex- _ cess of Sept. 1 ( 67,401 100,153 Brought Into sight thus far. ..19JS.974J. 197.833 •Estiumted, New Orleans, Galveston. . . Mobile. . . . . Mlv*ninth. . . . Norfolk. . . Pensacola. . Jacksonville. 1906 8070 16019 340J 1486(1 1758 4322 INTERIOR MOVEMENT. The following tsbre shows receipts nt the interior towns today, compared with the same day last year: WORLD’S VISIBLE ■ SUPPLY STATEMENT _.»eretary Heater's statement of world's dhle supply of cotton for the week ended sterdny shows an Increase for the week 11st closed of 170,525, against an Increase of . J91.646 last year, and ail Increase of 393,697 rent before Just, • The total visible Is 1,966.227, against 1.795,• Tttt Inst week, 2,938.474 Inst year and 1,813,494 year before last. Of this the total of Atuer- b .ni cotton Is 1,194,227, against 1,004.702 last week. 2.142,474 Inst year and 1.287.494 year before last, and of nil other kinds. Including Egypt, Braxll. India, etc.. 772.000. against. 791.0uO last week. 756,000 last year nail 526,0001 year before Inst. The total world's visible supply of cotton, as aIkivc. shows an Increase compared with last week of 179.525. compared with last year ■of Decemlier 972.247 and an Increase com pared with year lw»fore Inst of 152.733. Of the world's visibly supply of cotton, ns altove, there Is now afloat And held In Great Britain and continental Europe 898.000 bales, against 1,471.000 Inst year and 901.000 year be fore Inst; In Egypt 32.000, against 37.000 last year and 67,900 yenr Iwfore Inst; and In the t’ulUil - States 617.000, against 923,000 last year sod 569,000 yenr before last. ACTUAL STAPLE IN GOOD DEMAND New York. Sent. 29.-The Run says: The market grappled with notlcen amounting to 50.000 In a fashion thnt surprised :i good mnnr. and under the circumstances prices acted very well. Liverpool. New England and Wall street speculative Interests are supposed to have stopped most of the no tice*. so thnt they had much less effect than might hare l»eoii expected. Few were looking for the delivery of any such large qUSBtr ‘ “ promp plain!; .— . - . actual staple, which, by the way. Is rela tively a good deal cheaper In New York than It Is at tbe South. Heavy rains oc curred In parts of the Mississippi valley and also In Georgia. The spot markets were firm and there Is some apprehension that the government reports to be Issued next Tuesday may !n» of a more bullish character as regards Imth the condition of the plant and the amount of cotton glutted than has heretofore seemed probable. The storm III the Mississippi valley Is diminish lag. The impression of ntne-f<mfh* of the trade Is that no great hnrm hnl been done, and that If front occurs nt about the usual date the yield will he a large one. Under the circumstances the fluctnations simmered down to 1 heir old narrow limit. But does the stopping of the notices so promptly mean thnt the bulk of the stock here has changed hands? If so. this might pare the way for a better market growing out of the admittedly good demand for the actual cotton, however Indifferent the public may be to the cotton speculation.—Glhert A Clay. New Orleans. Sept. 29 —The Tlmes-Demo- rrnt says: The wires still living down, def inite Information regarding the damage by the storm coni*! not lie obtained, but enough came out of Mississippi to warrant the be lief that the crop had been Injured to some material extent, while Arkansas advised that the gulf storm wiis then eentral over that state. Mobile and Pensacola remained silent because all practical lines of commu nication were closed, t’lear skies now will probably restore general confidence quickly enough, for In the absence of sweeping dis aster the world will not easily abandon tbe Ida crop beliefs. Meanwhile the delayed movement merely enable* the actual stuff to hold Its own. fresh demand being lim ited.—Ware A I.eland. grapes, per crate, $2.00. per sack. $4.25 AND < ru gi Blue MalvoU FOtR.TRV Ini 1 COONTBV moDUCB- Ure n,u,. !5«J7!4c; tries. KHW2S«! bwlU ers, 15tip22%c. Dressed fries, lS®20c pound. Pressed hens, nor pound, HfilSc. Live ducks, Pekin, 85c; puddle, 2j0Z7%c. Eggs, per dozeu. 23c. Butter, table, per pound, 20@22%e; cook ing. per pound, 12tff©15c. ifoger, new, SfflOc pound; In one-pound racks. 104912'*. VEGETABLES—Irish potatoes. No. t stock, per bushel, $1.05. _ , . Cabbage (Virginia), l%c pound; Danish l %ma beans per pound, $c; Nftvy, $2.10 per bushel. onions, per hnsbel. $1.25. New sweet potatoes, 60c bushel. Krnut, %-bnrref, $3.75 , FLOUR, GRAIN. PROVISIONS. FLOIHt~sPosU»r* mi tent. $6.00; Diamond patent, $5.25; Maseoutnh fitnr, $4.70: fancy E nteut. $4.50; Red Engle, $4.15; Blue tllbnon, 1.90; fancy, $3.90; spring wheat patent, $5.W 06.60. PORN—Choice red cob, 72c: No. 2 white, 70c; So. 2 yellow, 60c; mixed, 68c. OATH—Choice white Hipped, 48c; choice white, 47c; choice mixed, 45c; Texas rust proof, 50c. M£AL— Plsln water-ground, aer bushel 67c; iHdted, 149-potind Jutes per bushel. 63c; Shorts, white, $1.60: medium. $1.4*: brown, $1.80; pure brsn, $1.16; udxeil brim, $1.05. HAY—Timothy, choice large bales, $1.15; do., choice small bales, 41,10: da. No. 1 timothy hates, $1.06; No. 2, $1.00; do.. No. 1, cloevr mixed. Sl.uo; do., No. 2 clover mixed, $1.00. $1.00: choice Bermuda, 75e. KYR—Georgia, $1.10; Tennessee, 90c. Bar ley. 95c. The above prices nre f. o. b. Atlanta. GROCERIES. SUGAR—Standard' granulated, $6.20. New York refined, 4%c; plantations, 6c. &(arket CLOSE ON WHEAT WAS JATHER TAME Wheat 1-4 to 1-2 Up, Com 3-8 Lower to 1-2 Higher. Oats Unchanged. Chicago, Sept. 29.—The day and week closed rather tame on the board of trade \> heat showed net gains of Corn was 46c lower to He higher to iiiiclmiigcd. oats were off He. Fork unchanged to «Hc higher; lard 2He off to 7H<? higher nud rlint 15c off to Be up. September wheat was under more or less pressure, but It was well absorbed. Men- temlior corn was on sale, and suffered a little, as did also Meptetuber oats. There was said to be a “commercial excuse*' for the long In Meptember wheat, forcing that month ont be trade, an the wheat was do llverde out In the afternoon. Primary wheat receipts 1.079.900 bushels, and corn 682,000 bushels, compared with 1.- 700.000 aud 494,000 bushels, respectively, s year ago. Clcnrnnces were 250,000 bushels wheat. 147,OJO bushels com and 72,000 bushels nta. hulk, in bags 0% 12« m crude. New crop wll. ... CIIEEHR—Fancy fall cream dairy, 16c; vlns, I4%e. Market strong. PROVISION#— Supreme hams, 15c. Dor# hams. 15H<*. California hsms, $9.00; Red Gross hams. 16c. Dry suit extra ribs, $9.15; bellies, 20-5 lbs., $10.60; fnt backs, 8c; plates. " • • Mi Bed Cross, 10c. (<:; Red Cross, 7%c. M'CULLOUGH BROS’. FRUIT AND PRODUCE LETTER PRICES ADVANCE ON NAVAL STORES ,uih. Os., Kept. 29.—The spirits tur pentine market began the week firm nt •• rents and after a number of .up* and wiis closed this afternoon firm at 61 12 During the week the price ruled ire up to expectations. The sagging wn| luo in large part to an Indifference among the buyers, who «'»’ til the low point \vi lug further purchasfli ■ — ft The rosin market was freely hammered during the week, but nt the c|o«e a stiff reaction set In. which was further neeen- tanted In the late trailing hour today, when ry grade was bid higher. In In onle lief that still further ....... During the past two weeks price* have declined sharply, especially In iiisdlum grades, and there Is every statistical reason why the advance should 1h» nouneed. The excellent prici vailed during the season Ini tbe producer** to look for even !>etter prl which pre had eneournge«l , * . Ice* during the winter, but thus far they have been disappointed. GIBETRT & CLAY «• m. ALABAMA AT. ITOCKI. BONDS. COTTON. CHAIN, corrcc. PROVISION* ATLANTA. OA ^?c“o‘»S5 ScSI.?” gSFistiAk»drt 2 Yorl Coffft. Excbana,.|X,w Orletn, B«,r(J of Tml. t'.,1 V.fton Cotton LxcbaocA t'rlrntt Wire, to, 11 B ictuu^e,. Lceal and Long Dl,tanc, Telephone 5298. .IChtesgo Board of TradA W. a. FAGAN. Mananar, ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA. GEORGIA. Atlanta, 8opt. 29.— Apples are well cleaned up In the present market and receipts of good stock will, no doubt, meet ready sale at satisfactory values during next week. Oranges. Florida stock, arriving too green to attract the trade’s attention. Will be several week* yet before stock sufficiently well colored to sell promptly will be In the murker. Basket grapes selling readily at fancy prices. California fruit In liberal supply, with no change of note a* to values. l.cuiou* plentiful and showing a slight downward tendency. Banana* active and scarce at advanced prices; also coeoanut*. I’elery and cranberrb ... .... ntid selling nt good prices when arriving In good condition. The recent wet weather Is causing scarcity of aweet notntoes at advanced prices. Irish potatoes and onions scarce slid be ing oninp Ineap $1 per crate, with the supply Insufficient to meet trade requirement*. Eggs continue to show a downward ten dency with the market sbowlug distress by reason of excessive receipts Demand active for the best grades of ta ble butter. ■ . , „ Both live and dressed poultry In light supply with uo change as to vnlues. CHICAGO GRAIN MARKET. for'today /gSiw; 11 ^ provhloD Ration WHEAT—* 0 * Low. Closefcioffc M4 724 73 724 M " 5 '4 754 754 7»S 734 794 794 H-pt llw 754 •'fe- 7 ** K:::: » May 43§ OATS— Sept.... 34H Dee 3«H May .r-<H DORK — Sept... 16.96 Jan... 13.32% LARD- Sept.. 8.85 Oct.... 8.87% Jan 7.85 SIDES— Sejit . 8.67% l l it I k ft 8.87% 8.87% 7.85 8.85 8.85 8.82% 8.82% 7.82% 7.85 8.60 fi ca ?:S$ 8.85 S.82% 7.82% 8.75 $.32% appear, uld be sold out. Dow* Jones Sc Co.'s summary; Individual advances occurred in some “f Reading, which Canadian Pacific We would only imy Atchison nnd Atnnl- p n pp er on r p B( %t|ons. Each time been done lately, dally traders flted fairly. Hmeltlng “ex'* meets the strongest kind It la still sold on rallies by professionals. Brooklyn Rapid Transit has gained strength technically. Also 45rle, I^nlsvllle and Nashville and Locomotive. I'til on Pacific gave evidence of big ral* lying’power, nnn should he bought when ever weak. Steel will meet stock on further bulges. IVnnsylvsnla la In s trading position, and New York Central Is aot strong. AKQ WIT No. 2 red 74%; No. 3 do 724173%; No. 2 hard winter 73%fc77; No. 3 do 72074. NORTHWEST CARS. The following figures give the northwest cars of today, last week and Inst yenr: Last Last ... „ Today. Week. Year. Minneapolis $84 260 Duluth. . . UNION SAVINGS BANK Four Per Cent Inter est Paid on Deposits ASSETS $150,000.00 One dollar starts on account. Hours: 9 a. m. to 6 p. m. Sat urdays till 9 o’clock at night omccToitft > THOU. J. PEEPLES. W. B. STOVALL, F. J. PAXON. w. o. Foote. j. t. iiollkman CLYDE RItOOKB.J. M. JOHNSON. LIVERPOOL GRAIN MARKET. Wheat—Opened %c lower; closed tin- •hanged. Corn—Opened unchanged; nnd closed un hanged. CHICAGO CAR LOTS. Today. Tomor. WEATHER IN COTTON BELT. No weather reports received from Texas and Mississippi. In Alabama Montgomery, Opelika and Troy report rain last night nnd this morn- Albany. Macon. Amerlcua and ftsvannah, n.. nnd Jacksonville. Fin., report the weather clear nnd pleasant tbit morning. WEATHER hTwHEAT BELT. Extreme North wee t—Generally clear and cooler. 26 to 42 ubove; killing frost at Que Annelle. Northwest—Generally cltar and cooler, 25 to 45 nlxire; killing frost at Devils Lake; heavy fr««t nt Blsmsrrk and Willistoa; shower* It Moorhead. Went a ltd ftouthwent—Partly cloudy. 42 to M above; general rains In Illinois, ana local rains In Missouri. Ohio Valley—Cloudy, 68 to 72 shove; gen eral rains. weatherTorecast. New lork, 6«pt. 29;—This morning** bunk statement fulled to ngree with the advance estimates. .The cash on band Increased nearly $4,000,009, whereas a small loss had been expected, and loans, which might , have lieeu expected to reflect the stock market liquidation, Increased $7,800,000.. In view of the perplexing movements of money. Incident to the October eottle* monte and to the treannry gold Import ad- vunces. these discrepancies were hardly surprising. Hurplus reserve, with a fur ther enlargement of $1,224,000, stands now well shove $12,000,009, and this sufficient ly explains the action of tbs week’s call money market. The two hoars' stock exchange session was given over to farther covering of the short Interest, under which prices In most esses advanced. The rise was p„., Ing and otter pool place of the "ore deal” shares ss specu lative features. Beyond emphasising the Improvement In technical conditions, bow*! ever, the duy’* movement Indicated very * little. Prices ended somewhat off from f tbe top, but with a strong undertone pre* : vs 1 ling. New Tork, Bent. 29.—The stock market opened weak with a majority of issues showing substantial' decline*. Reading, Amalgamated, and Steel preferred lost %. Fnlon Pacific declined in all 1%, Northern Pacific 1%. 8t. Paul 1%, Southern Pacific 74- Steel common opened off %, rallying, and 1 ikness than tho preferred. — <t the trading la tbe first . hour was the closing out of contracts on hotta sides of the maiket. In the first , few minutes,, storks *Ve sold freely st concessions In completion of tbe liquidation In progress Thursday, and up to tbe tast Lour yesterday, when there was some hur ried buying because of the statements about the consummation of tbe Great Northern ore deal. This renewed liquidation caused declines from, 104 points under yesterday’s closing figures. This downwnrd movement ■ was followed tr— Gorerameut Other bonds steady. LONDON STOCK MARKET. North Carolina—Rain Saturday and In tbs east Hunday. South Carolina and Georgia—Halo Satur day; Sunday fair. I Florida. Alabama. Mlaafaslppl, Lou- slaua nnd East Texas—Fair Saturday and Hunday. East Florida—Fair Saturday and Bnnday except showers In eastern portion. THE SUGAR MARKET. New York, Kept. 29.—Local refined nnd nw sugar markets steady nnd unchanged. Loudon beets firm; Sepfemlier 9* !0%«7, Oc- SOUTHERN EXCHANGE Olfleit Established OITIre South. CODON STOCKS—BOIIDS—6RJUI Oround Floor Oould Bulldln,. Dally market letter and market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN Correspondent's Capital $250,000 RKfKaeNCC. THE NEAL BANK PHONE 1417. PRUDENTIAL. BLOG NEW YORK WEEKLY BANK STATEMENT New York. Rept. — inent of the associated bank*, shows the following changes: Increase. Decrease. ilcnerre on all deposits.f 1,224,425 $... R, nerve on deposit other than United States.... 1,612.526 ... I*«»au* I*82*22 Specie -• I^r*l tenders 1,138.99ft Upo.lt* 10,807,590 ... Circulation 486,309 The bank* now hold In excess « qulrewentn $12,540,350, against $7,440, year nnd 919J1S£00 two year* ago. House Statt Jones, Mgr.i WEEKLY CHRONICLE'S REPORT ON WEATHER New York, Sept. 28.—"Our telegraphic re ports from the South this evening Indicate that, on the whole, tbe weather has been le** favorable during the week. Rain has boon quite general, with the precipitation heavy In gulf coast section*. Damage to cotton aa a result of the stornia Is fora- plained of by some of our correspondents. this evening."—Glhert Jr STOCKS— Amalgamated topped . . Anaconda Atchison • do, preferred.. .. . Baltimore and Ohio. , .. Canadian Pacific Chesapeake and Ohio, - . . Chic., Mil. and St. Paul.... Brie illnols Central.. .. .. .. . -oulavllle and Nashville. . Missouri. Kansas and Texas. do, preferred w York Central. , . ^..rthern Pacific.. .. .. „ Norfolk and Western.. . . Pennsylvania .. .. Reading Rork Island..,., .. 4. „ Southern Pacific. .... Southern Railway....... .. pnlou 1‘acllc.. .. 1 .... llnltwl SUtM StMl do. praforrw).. WMMib do, pr.f.rrwt.. .. NEW YORK CQFFEE MARKET. Jaauary F«brnary Marc* fe:::-.:.-'-... June July August,.... .. . October November December. I Opening »$0 Sfttis .. . .6.90 .V .*’.6:96-7.(56 , .. ,.7.99-7.10 7.10-7.16 „ .. ,7.15-7.30 6.55 6.79 ,.6.70-6,99 Closed steady; sales 21,600 bags. 6.904.86. «JSS 7.90-7.06 7.06-7.10 7.16- 7.16 7.16- 7.20 65l4.sn 6.664.65 i 6.664.70 ? COTTON 8EED OIL MARKET. October. . November. , December. January. , , February. , ATLANTA NATIONAL BANK ATLANTA OA. c. E. CURRIER, Prealdent. A. E. THORNTON, VI«»Pr,«U,nt. H. T. INMAN, Vlo^Pretklent. OEO. R. DONOVAN, Cashl.r, JAMES 8. FLO VO, An't C.ahl.r. Capital $500,000.00 Surplus and‘Undivided Profits $500,000.60 We Solicit Your Patronage. HUBBARD BROS & CO., iSSni Atlanta Officea, 119-211 Century Building. Member* New York Cotton Exchange, New Or leana Cotton Exchange, Liverpool Cotton Aa*o elation, Chicago Board of Trade, New York Cot fee Exchange, New York Produce Exchange. Business solicited (or the above exchanges. Direct wire service. Correspondence Invited. Phone, 4S4, Long Distance 39. A. S. Huatace. Mgr. WM. r„ PEEL, PrMld,nt. ROBEKT F. MADDOX. Vies Prnld.nl THOMAS J. PEEPLES, ("ashlar. JAMES O. LESTER, A,xlstatit Caahltr. JAB. P. WINDSOR. Assistant Cnabtar. IHADDOX-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 interes^paid and compounded semi- annually in our Savings Department. lagnl i M»24 Id For riil/< week 3.669.86L76 Corr«*|H>nding week la«t year.... 3,773,161.31 For thl* month 16,973,^9.W •‘KtHtniling month last yoar.. 16.990.5h.IS »• *tat»*n»**nt of the Atlanta Hearing .*» AKihH’latfon *h«»w* a sharp decreeae In tin* clearing* for tmlay and for the week, though for tbe month the derreaae |* ln*lg- Dlfirant. an.l I* attributed rhlefiy to the late movement of rottou. the crop this season belnj: three week* late, as compared with la*t year. 3i % Compound Interest Is the rate your money will draw If depoelted in the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $600,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You ere Invited to cell end Inspect our quart ere end investigate. our facilities to serve you. A hearty welcome awaits you at thia bank. ASA Q. CANDLER, Prealdent. W. H. PATTERSON. Viee Pret. A. P. COLES, Ceehler. JOHN S. OWENS, Vice-Free. WM. D. OWENS, Atst. Cashier. Safe Deposit Boxes For rent in our vaults in tbe 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.