Newspaper Page Text
THE ATLANTA GEORGIAN.
TI7E8PAY, OCTOBER 2. IMS.
13
;0TTON DAMAGED:
NEWS AND GOSSIP
• )f Mio Fleecy staple.
South Heavy Buyer While
Shorts Are in State of
Semi-Panic.
MARKET VERY STRONG
advance Today Sensational,
With Bulls in Con
trol.
OOOOOOOOOOOOOOOOOOWXWOOOO
2 COTTON CONDITION
5 C ' 9HOW8 SHARP SLUMP, a
2 n'aHiilnirton, Oct. 2.—The crop 0
0 estlniatliiK board of the xgrlcul- O
5 iiirul deportment made the fol- O
o Ion Inj report thlo afternoon: O
o The nveraje condition of, th# O
O cotton crop on September 25 waa O
a ;i ii as compared with 77.3 on 0
V ii ” •< a — a—g
__ compared with
a August 25, IPOS: 71.2 on Septem-
O her 25. 1905, and 75.2 September O
O 25 1904. and a ten-year average 0
o of'e« *. ^ o
o It Is stated In the report that 0
O the foregoing estimate does not 0
O reflect the damage done to the 0
0 cotton crop since September 26, 0
0 by the recent storm.
2oOOCja000000OOOOOO000OO0Oa
SPOT COTTON MARKET.
Liverpool—Spot cotton quiet anU Arm.
Middling upland* 6.AS. Snle* 10,000, Atnerl*
. in s.iM. Speculation nml export 5,000. He*
•Plpta 10,001. American 7,100.
Aflurifn- Quiet, I0’4c.
Vow Ynrk—<juj*t. 10.55.
Vow rtrlcnn»—Irregular, 1014c.
Augusta— Firm. 105-11.
Savannah—Firm, 94c.
8t. laoiila—Sternly. 104c-
Norfolk— Sternly. 1014c.
Boston—(Jtilef. 10.25.
Houston—Steady, 94c.
Galveston—Firm, 94*.
Mem plile— Finn. 101*10.
Baltimore— Nomlnnl. 104c.
st. Louts—Firm, 1014c.
THE MARKET*7n LIVERPOOL.
1.1 rerpool, Oct. 2.—Cotton went eonrltig on
the exchange today, In great measure
caused 1*2 report* from tile 1’nlted St* tea
M the effect flint a great part of flic cot
ton crop had been deafroyed by the dlana-
trout norm wlilcb swept the cotton atntea
recently.
Iiujog was feverish and the excitement
THE MARKET IN NEW YORK.
New York. Oct. 2—Although allowing
-m ndrotice than on yesterday, the local
•rton market* started full/ aa active and
••udted with flrat price* 4012 point* higher.
The South was a large buyer on the call
ml ft were Philadelphia Inte rett*. Ac lira
; roflt tnklng by a numl»er of local Inter-
-f» who hare been bullish ever alnce the
dvnnee started, made little Impression, so
•»ad end vigorous wo* the demand.
At noon the market was atilt very active,
i he dealing* suggested that the interests
were trying to check the ndvouce, but their
offerings were absorbed by fresh buying,
much of which appeared to Im» tot the ae*
• ount of Interests In the South. The Llv*
•t|nk>i bull clique was believed to 1* sell*
lug. one prominent house disposed of JO,*
-»V bales.
The govern".out report showing the aver*
nge condition of the crop to lie 71.6 was
better than expected end the list after Its
I>iii*llmttou fell 11017 points, followed by
rally of 7 points. The rally was abort*
lived, however, prices again selling
l•••tilings wore heavy. It appeared
.••ugh the bulls had sold out before tho
••port was iMiied for the purpose of op*
•slug prices nfter Its publication.
For three days the bulls have had antlre
•'»trol of the cotton market.
The bn 11 was started rolling last Bntnr-
r. when It was found that cotton lind
•■•••ii seriously damaged by the tropical
•birm. The people who raise tho fleecy
qde were first to And It out; the people
»• !»•* deal In the pnper stuff found out later.
The latter elnsa are bard to convince thnt
anything dlunsiron* ran happen to cotton
after once planted, sud get* out of the
ui'"ind In good condition, more especially
when ihe acreage planted, under favorable
• "editions, would produce n yield sufficient
»•• meet the world's growing requirements
fo. Hie raw material.
Tills fins* hns licen eaught short, and to
Hu. .-las* nn In* nttril-uted mo sharp *»«!•
vn ice of the post three days. They are
•w» "paying the fiddler for the dance."
T»-*as am 1 the territories will produce a
tool crop of cotton. Mississippi, Alabama,
i.oinfnim. Georgia and the Carollnaa will
produce n crop Indow the average.
A* n result, despite the fact that ad*
ranee* will in- stubbornly contested, cotton
nnd well bring a price satisfactory to
.M.'ilu Wlr., *r, wore It Inland.
>*« iftrk, (>ct. 2.—Id Liverpool future,
2,verj,h 19017 tin. At 12:15 it. nt.
“"•' bale. 1O.U00. Dpot,
2ue to vume 14V4 up
Selling by loug aud lo<**t Interests.
vnucos should be sufficient for present aud
would not buy «t these prices.
. Si. ,. ******* report on cotton Is
bullish.
New* Orlenns, Oct. 2.—Liverpool makes
full response to the advance on this side
yesterday, and the Tiraes-Deinocrnt's re
port on crop condition Is very Dullish. “*
ought .to open higher.
Tho weather map Is lneouulote. It
shows dry weather over Texas, bu
erable rain over the central belt,
from the East are lacking.
The Times*Democrat herewith presents
the reports of Its correspondents on ibe
progress of the cotton crop during the
month of September. The consensus of
opinion follows:
Ftibt. Taking the m-lt ns n whole, the
accounts nre exceedingly gloomy. Even In
Texas, the Atlantic states and the terri
tories, sections which escaped the brunt of
the great storm, there are complaints of
damage by excessive rains and a dtstluc'
deterioration from the condition u» th,
dose of August had been the rule through
out the South, even before the disastrous
disturbance of Thursday Inst. In Alabama,
Mississippi. Arkansas. Tennesson aud por
tions of Louisiana, the result ct the tropical
hurricane has been deplorable, though
no precise estimates of damage are pos
slide ax yet.
Second. There Is general complaint that
Inbor for picking Is scarce, aud that ex
cosalve wage* have to lie paid.
Third. liuvKges by insects are mentioned
Edited by
Joseph B. Lively
MARKETS
Mr. Lively** twenfy-flr*
years' experience of ed
iting markets In Atlanta
and the South haa made
bltu a recognised au
thority In hla specialty.
TIPS FLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
\ay
New York, Oct. 2.—Liverpool nt 12:20 p.
i. was up. About ns exp • ted.
Mr. Price Is reported to have sent out
a gluner*' report last ulght to his corres
pondents.
The government report on crop condition
k expected nt 1 p. ui.. and the glnners’ Is
in** at 2 p. tit. today. Both carry crop to
fteptembar 23.
i he Journal of Commerce condition oir
,.l» comperes with KM same date In 1906
ltd G‘J.9 In 1904.
Carpenter, llaggot & Company say:
the government Average figures ore
lower than 71.9 It means an average for the
live months «»f the sen sou of 80 |»er cent,
which Is bearish.
' ~ nl of Commerce soys: "
_ ... k opened quiet lind tlrin.
visions of prl**es were announced In heavy
cottons to the extent of refusing to sell
further at tho low range of values which
been prevailing. The leading ticket"
time this week.
may lie announced at any
ATLANTA MARKETS.
FRUITS AND PRODUCE,
otrirlallr eorrerteu by Atlamm Fruit
Produce exchange.
Iremnna. 97.50.
I .lmd. 6O07G<\
•incpplci. 91.5062,W. _ .
l,o.ii.i,. itriirbtx p,r bunch, 91.5091.79.
Cull,, imt tiuiich, 91.0001.25.
CALIFORNIA h otllIT—Fancy ,tock:
Elirerta pwichM, irer box, 9150.
Mountain Ilartlott p,«r,. per box. 93.B.
OroM plum., per crnt». 92.
Columbian prune, per emu, 97.
Hoi, l>,rn jrnpea. per ernto. 99.00
llluo Molvolw xrnp..«, per rrnl,. 92.00.
poultry jB/d "ouktKv produce-
Ut, bens, 35017Vic; frl,i. rV4025c: bruit
•n. 190stjc.
1 frlM. II
Buft. ratable, per ikiub
Inc. per pound. liMrBUc.
Honey, new. 5010c ikk
[HMind. 2002255c; cook 1
tiound; In one-pound
LBS—lrl,h oottooei, Hu
atock. per bu.hel. 91.06. . _ , t
L'abbato (VlrKlnla). lHc pound; Daulah
l Tlm« bean, per pound, 9c; Warj, 12.19 8*'
bu.hel. , '
Onlona, per buehel. 91,2*.. w ,
g , rru.: w gLy; , eT. ,o a-79 Mc bu,b "-
?»Jr^ N pil,™«oud
patent. IS.25; Msscontnh Star, 14.70: fancy
*vra.’ timi c*.-«- si is* Blue Rlbnos.
t patent, $5.t?
tho
•T up to nnd Including September
rt 714 Is bearish. It, however, nee* not
cc cr the storm period. In which the entire
belt hus suffered serlnu* Injury.
* was better tl _.
through the ses
loiiowina l* the range In the cotton mar
ket In UvAr|K>ol today:
^ Open, filth. Ijiw.
Got Nov '5.0 SJi 6.42
Jsn.-Fcb 5.47 5.59 5.45%
M^h April 6.62 5.64 6.48
M:»y June 5.57 6.67 6.62
•New York n.is strong at the opening i
►uarp advances, nnd ns the session at.
vaneed the strength Increased, forcing nil
months nrross the lftc mnrk.
vermin-\f report enuaed a rapid de*
nmeillstcly after It* nul>*
i sharp slump: In fact.
P'
. •» ft...
gains were loet. prices
w polnta nboro the done
fllne of price:
llentlnii 1
fost of the •
showing only
on Monday.*
LstlmntM ltecelpts Tomorrow—
This Year, lait Year.
New Orleans . . . 4.60) to 5.5*) 2.J40
(talveston 17,6*1 to 18,000 25.797
Houston 12.000 to 18,000 18,578
The second government report, thnt Is.
Lie report on the number of twilea ginned
up to nod Including September 25, wan U-
•uod nt 10 o'clock.
2/iVi
against 2.358,031.
.This wn* construed an bullish and more
thsn offset the farornble condition report
was shown In the sensational ndranco fot-
.owjfig ft* publication, prices moving up*
wird In lenps and Imumls to the highest
pcint of the session with greater excltc-
K |h«ft« hn» l>een wltnesw^J In many
At the dote the market
patent! 14.50; Red Eagle. 2415; I
6.90: fancy, 22.90; spring wheat
®CORN~Tholce red cob. 72c; No. 2 white,
70c; No. 2 yellow, 09c: mixed. «C.
- OATS—Choice while ellpmal, 48c: choice
white, 47c; choice mixed, 45c; Texas mat*
pr STEAId-’Plaln water-ground, n** h‘»shel
07c: bolted, 14>)*potind Jutes per bushel, 65c;
Shorts, white. 11.50: medlom. 11.40: browa,
21.30; pure bran. 91.10; mixed brsn. 21.06.
HAY—Timothy, choice Inrge bales, 91.II:
do., choice small bale*. IJ.I0; da. So. I
timothy bales, 51.06; So. I, 21*00, do., No. 1,
cloevr mixed 81.00; do.. No. - clover mixed,
11.00. m ^ ^
91.00: -choice Bermuda, 75c. _
ICY^tJcorgla, 11.10; Teunessee, 90c. Bar*
lf, r’he above prices are f. o. U. Atlanta.
QROCERIE8.
‘ ranulstt-. w-—
utatlons, 6c. Market
V T'O F F Roe sted Arbnckle'a 912.50.
balk. In bags oi barrels. i3c; green, 100
' 7 RICE—Carolina 4W07HC. aeeordlnf .la
crnilo. Now oro|i will arriro In Iwp *
CHEESE—Fancy full irtoin dairy,
twlna, 14V. MarVrt airnnt.
PROVISIONS—Snnrrmc ham*. Wr. Djt,
ham a, 1514c. California hamn. 99.00; Rod
Cross hama. I6r. I>rr aalt -xlra riba, 99.11
brlllra, 904 Iba.. 910.96; fat harka. 9c; plalai
9.-: Snnrrmr lanl. 910.12H: Rrd Croat. IOi
Snow Drift comnouml. 7V: R»d Croat. TV
NAME OF STOCK.
:::.
Amarlcaa Bu(ar U«f.
Anaconda
Amrrlcan Locomotlr*
. do, nrefwNd
Anwr. Rmalrinf It.f
AfJLrfY??-.:::;:::
Amrrloan'SVtton'OIL'. ! ! !
A**t. Car Poumirr
Brook??™ApId'Tran!.
cSi? d i"Ufpfc,iri.;: :
Fhatopyak, A Ohio
Colorado Pool A Iron.. . .
Leutnil leather
do, preforred
::
polaware it Ilndkon... . .
Dljtlilar'a Socurltlva.....
Moilran Centrnl. . . . !
Mlaaourl ParlOc
NAME OP STOCK.
A. V.. Oat. h Wattorn.
National [nO
Northern Farlflr. . . . .
New York Ceutral. . . .
Norfolk A Weateru. . .
Pennaylraula
People's Gat
Treated Steel C«r. . . .
do. preferred. , .
’nclfle Mall
leading
epubllc Steel
oclt Inland
no. preforrod
United Statoe Rubber. .
do. preferred
•anthem Puclflc
Southern Rnllwap. . . .
do. preferred
Sloan Sheffield
Tenn. Coal it Iron. . . .
Texan A Pacific
Union Pacific.
United Statea Steel. . .
do. preferred.
Weateru Union.
Wabai ‘
Central.
- So, praferred. ,
a'lualna bid, not received—wire troubieT
NEW YORK.
Oct. . .
Nov. . .
Dec. . .
Jau. . .
Feb. . .
March.
May.. .
53 l iB
id.46;T(J.46 42 i.93
t'olscd strong.
8.9h y.<
11 pi.uiw i0,ix)-ai
riO.IT-59j 10.09*06
I 16.SI|1O.24 ! M.«7-0:1O.1M4
» 10.20 10.74 1'). 73-7511U. 19-2 ■>
: 10.41 10.83 10 82 31
| Wm 10.41 lio.44|10.41-85 10.33-35
i'ioiw 16.4410.M 10.18-90 19.95*39
LIVERPOOL.
TU following table given tbs opening
rang* and close, compared with yesterday's
Futures opened firm.
Opening
October . .
Oct.. Nor.. .
Nov. Dec. .
Peo..Jnu. .
Jnn.-Feh. .
Feh.-Mche. .
Mch. Apr. .
Previous
Range. Close. Close.
. 6 55 -6.59 5.83 5,»^
. .5.49 -5.43 5.6S 6.93
. .6.48 *5.42 6.69 5.30'
. .646 -6.44 5.67 6.81'
. .6.47 *6.444 661 6.32<
.5.634^.46% 6.60 6.3V.
. .6.5! -5.4V 6.624 5.364
.6.66 41.5514 6.64 6.38
-6.62 6.66 5.40
5.414
•5.54 1.67
NEW ORLEANS.
The following Is the range In cotton fu
tures In New nr lea ns today:
I
a
£
r
S3 i 1*
Oct
Nor. ....
Dec
Jnn
Feb.
March. . . .
May
Jn n
July
10.26
10.10
l
10.60
10.48
10.00
ib\k
10.62
ioJo
10.66
10.75
10.G9
10.5*5
10.72
10.06
10.26
9.9.)
10.08
10.69
10.15
10.60
to! 85
10.40 f0.40-411 9.*9-lb
10.20 10.47-«9 10.04-07
10.&0 10.60-61 10.07-08
10.59 10.68 5WW.16.17
10.69 10.65-67 10.22-24
10.79 10.78-79 10.34-16
10.72 10.88,90 10.60-61
.... 10. M-96 10.54-66
10.86110.98-11110.59 60
THE WEATHER.
LOCAL FORECAST.
For Atiantu and Vicinity—Rais tonight
and Wednesday; somewhat warmer Wednes
day*
WEATHER IN WHEAT BELT.
Extreme Northwest-Fair to clear, 34 to 49
above.
Northwest—Partly cloudy, 44 to 64 above.
West and Southwest—Clear, M to 66 de
grees ubovc.
Ohio Valley—Generally cloudy, 52 to 62
above; local rulus.
WEATHER FORECA8T.
Last 4- ioriun—Ualu Tuesday and lVeduea*
West Florida, Alabama, Mississippi aud
.ouisiana—Miowers luesuay and probably
\\ eduesdny
Last Texas—Fair Tuesday, except ralu In
extreme eastern portion; Wednesday fair.
West Texas and indiau Territory—Fair
Tuesday and NN vdoesdiy.
Arkansas aud Tennessee—Rtlo Tuesday
and Wednesday.
WEATHER CONDITIONS.
The storm lu the cast gulf has moved
very slowly since Monday morulug, and la
atiil centered to the south of the Alabama
ixmisL t*o far it seems Jets severe than the
one of several days ago. The lowest press
ure reported Is Jb.66 luebes at MobHe, a
slight uecrunse since yesterday morolug. As
a result of this storm Area, ciouily weather
with general rains prevail over the eastern
half oi the cotton belt. The. following sta
tions report one Inch or more rain Ju the
last 24 uours: Macon, Ga., 2.6$; Thomas*
vllle, Ga., l.ls; Birmingham, Ala., 1.64; But
ler, Ga., 2.14; Dshlonegu, Ga., l.*£ Inches.
’Ihe barometer Is highest over the north
Atlnutic coast, Imt there has been a gen
eral decrease tu pressure at nearly all sta
tions.
Thu condition* favor rnlu In this sertfou
tonight aud Wednesday; oouiewhot warmer
Wednesday.
J. ». MAKBUKY,
Sectlou Director.
WHEAT MARKET
1 CHAPPY AFFAIR
Was Up and Down in Quick Suc
cession, Closing Over a
Cent Lower.
Chicago, Oct. 2.—Tho pit crowd In wheat
was against the price nml against Valen
tine. ns he purchased millions of bushels
of that cereal. Thhy filled him up until ho
retreated. The market was n cboppj Hffalr.
It was up nnd down In quirk succession.
It closed l®14c lower for th# day. Corn
clos'd Htjtle lower. Oats were off 4<84c.
Prov* loan were off a shade.
L* .Ii sales at New York were thirty
boot load* of wheat, tire of cam etui 200,WO
bushel* of oat*. At t’hlcngo they wera 25.*
000 bushels wheat, 60,000 bushels corn, and
91.000 bushels oats:
The world'* aval _
Increased 10,000,000 bushels
compared with an Increase of 2.662.000 bush
els a year ago. Corn Increased 814,000 bush
els and oats Increased 239,000 bushels for tht
Primary receipts were 1.426.000 bushels of
heat and 724.000 bushels corn, rompti
with 1,766.000 bushels nnd 690,000 bushels
COTTON REGION BULLETIN.
STATIONS OF
us coinpnreu wpm jtpifpib) * ifiiiniii*
the advance for vosterdn.v nml today over
100 points, or 95 per hate.
It would not be nurprlstng to see *
action follow such a rapid advance. How'
ever, It Is thought It can be only tempor
ary.
TODAY’S PORT RECEIPTS.
ports
last ;
New Orleans. .
Galveston. . .
Mobile
blivsnnnb. . .
Charleston. . .
Wilmington. .
Norfolk. . . .
Baltimore. . .
Boston. . . .
Jacksonville. .
Totnl (Incomplete)..
62858
1906
4336
27194
46.SO
1768M
2498
4688
6320
INTERIOR MOVEMENT.
. lie following tnnre show* receipt*
Inferior town* today, compared with the
same day last year:
Gif ERT & CLAY
1 ALABAMA BT.
kTOCKA BONDS.
COTTON. CHAIN,
come, pho vision.
ATLANTA, OA.
Kiekknj.IN.1T Orlmn. Cotton Knhnnf.ICkle.jo
C*n York Cotton Ekchtnf..lN>w Orl.nni Stork Eiehonjo. Llterpool Cotton AHonttlra
>•* York Coffin lick.Cj..|xotT Orle.n, Board of TroSo.ltlolvootou Cotton Licboog.
• l-rlmto Wire, to nil EsdunsM.
L.enl ind L.na Dl.tnne. T.I.phon. 629*. Vf. R. FAGAN, M.nan.N
ALONZO RICHARDSON & CO.»
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA, GEORGIA
Gainesville. _
Greenville, rain.
Griffin, eland/. . .
•Mncon, cloudy. . .
Montlcello, cloudy. .
Newnsn. rain. . . .
Homo, cloudy
Hpnrtanburg. rain. .
•pectlvely h year ago.
Clearances of wheat 727,000, 25,000 bushels
corn aud 5.600 bushels oats.
CHICAGO GRAIN MARKET.
for today
High. Low. Close. C'loae.
SS
434
8.874
8.55
7.90
75*4
344
St M
B % P
WHEAT— I> * D
Dec. . . 764
May. . . 604
COllN-
Dec. . . 434
Mav. . . 4i
OATS—
Dec. .
May. .
July. .
IOUK-
Jnn, . .13.424 13.45 13.35 13.35 13.424
LAUD-
Oft. . . 8.874 8.874 8.874 8.874 8.624
Nov. . . 8.51 " ” * “ “ *
Jmii. . . 7.874
SIPES—
Oct. . . 8.40
Jan. . . 7.15
r-ASH WHEAT- *
No. 2 red, 74t»76; No. 3 do.. 730744; No.
hard winter, 744075; No. 3 do., 74^744-
CHICAGO CAR LOTS.
WORLD’S MARKETS
WERE OVERSOLD
New York, Oct. 2.—The Snn says: The
world's cotton markets were evidently over
sold, nnd the result has been nseml-pniilc
among the lieiira for some days past. Yes
terday even stolid Liverpool took the alarm
nnd advanced equal to 4* In our money.
Cotton peopln nre still In the dnrk ns to the
setunl damage done by the great storm of
last week. Tho reports are contradictory,
some affirming that the Injury is slight,
others thnt It Is far more serious than the
bears here nnd nt the Smith nre willing to
admit. Moreover, another West Indian
storm was said to be threatening, this one
nnd thus does not Include the
etnrm, l»e they smail or great. Home low
tempers tore* were reported In Texas nnd
rains were predicted for tho gulf nnd Atlan
tic states with northeast winds. Manufac
turers were buying futures nnd Wall street
end pool bull* were acting on the aggres
sive. Shorts all over th* country covered.
At the same time the South sold rather
freely against the actual cotton, and there
- — 1 deal of realising, as It was
the rise of late has l***n simply
nt tho expense of frightened shorts rather
tnsn because of any demonstrated serious
Injury to the crop.
Heavy ralmi occurred In the eentrnl nnd
Atlantic sections of the belt. Much cotton
Is said to have been blown down In the ccu-
trsl section. New Orleans and Memphis
dispatches In some cases declared the dn
Private Wire to Ware A Leland.
New York, Oct. 3.—Anaconda up 8
polnta Jn London.
Atchison up 1 point and expected
dividend tomorrow will be declared to
equal • per cent for Atchison com
mon.
Bullish sentiment not quite so pro
nounced in quarters that have been
active in the market, and while the
Impression seems to be gaining ground
that 'monetary conditions may work
easier Inter In the week, It Is still ap
parent that long stocks are being liquD
dated wherever the market permits.
Attention la being called to a num
ber of the low priced rails, especially
In tho southwest group, as well as to
car nnd Foundry and other low priced
Industrials.
Reading may be lifted higher, but
think It advisable not to follow it up
and would only buy the good stocks
when unduly depressed.
New York Financial Bureau: Specialty
Improvement should coutlnoe In the stock
market today. Wo would assume
position of conservative bullishness on ....
general market. Money In working easier
and the political sltuntlnii secnis fo work
moR* In favor of “Wall street's candidate"
dally. Developments over night show that
the stream of gold directed toward* this
center Is hard to stop, having gained a
great momentum from both natural nml
artificial factors We do not expect fo see
a wild market—far from It—but we look for
Improvement under specialty leadership ns
the preMcnt outlook favors It.
The Cuban situation Is relegated far
from f.usnclsl consideration nnd the re
turn of Boot from a very successful tour
of South America must not lie overlooked
ss a really beneficial fumlsmentnl for the
future. The yenr has been n hard one lit
le respects, but the great prosperity
fuigh bumper eropa hat tiecn n hard
In some respects, imt the great proa
Ity through bumper crops hns offset It
n great extent, If sot entirely.
New York, Oct. 2.—Marshall, Spader
t Co.: Most things point to strength
ould logically bo unward, with
nough sympathetic strength In other
irectlons to encourage belief in a
Igher market.
Daniel Odell A Co.: We look for con-
Inued Improvement In specialties to.
ay. The tone exhibited was bullish
nd the powers are evidently willing to
ee a gradual hardening of prices.
Still we expect recessions from time
to time, however, i\ .1 would buy
standard ralla on sofi spots.
Diiw-Joncs' Summary. American In Loll
dou arc steady at about parity.
Atchison dividend meeting tomorrow.
Government crop nqtort comes today.
Gold Imports ngnlnst government depos
its so for 138,472,0W), of which $22,083,000 has
*ved.
ton surplus for year equal to 1.28, per
cent on common.
Money situation better now than when
the crop currency movement began In An
gust.
AT I£OPENING
Exceptions to the General
Advance Were Few in
in Number.
DECLINES SLIGHT
Yesterday’s Quick
Invited Profit
Taking.
Risa
Washington.
Election betting atUI 2 to 1 on Hughes.
Cost of landing nnd maintaining 10,000
troops In Cuba for two months and return*
lug them to this country estimated at 830,
ooftooo.
Twelve Industrials advanced .79 per cent
Twenty active railroad* advanced .0
cent.
STOCKS REVIEWED
BY NEW YORK SUN
York. Oct. 2.—The Hun says: "A
much stronger tone than ha* recently been
as approaching
chsuuci from
, .. Issued today, nnd also
the weather and the news about the extent
of the recent damage to the crop.—Glbert A
Clay.
New Orleans. Oct. 2.—The Time* Demo
crat snys: Many a once confident short
who had held on by the toe* fell victim to
IllngTral desire for safety at almost any
it uptet bearish theories completely, slid
. ../Ing commission# kept wire house wires
blin ked pretty much all day. In so far ns
the talent knew, storm damage of impor
tance had occurred In a few localities onlv,
but the report of n fresh storm brewing In
the Yucatan channel gave tnc a vertigo Itear
u bad day. The Idg effect of the old stornt
will probably be felt most by the man who
at soiled cotton to help him out of his trot)
Ides. Yesterday exporters bid 3 polnta on
the December option for October delivery
evidenced
Mean
•Minimum temperatures are for the 12-
hour period ending at 8 s. m. this date.
IIKAVY UAIXFAI.L8.
Mnrtarnn. Fl* ;-JJ
Wilmington. N. C
Birmingham. Ala ....1«4
CENTRAL
STATION.
b*ir
i « =
III
Dlst. Averagea.
Temp'ture.
Hi
Max.
Min.
= 55
r=
Atlanta
Augusta
Charleston
Mobile
Montgomery
Savannah
Wilmington
ii
6
5
17
9
76
8
:s
w
8
62
*>
G6
s
8
1.04
.40
.48
.32
.60
Wheat..
Corn., ..
oats.. ..
Hogs.. ..
LIVERPOOL GRAIN MARKET.
Wheat opened 4 higher; 1:2 p. m., 4 to
4 lower; closed 4 to 4 lower.
Corn opened unchanged: 1:3
higher to unchanged; closed un<
InjU. *
NORTHWEST CARS.
The following figures give the northwest
cars of today. Tsat week nnd Inst year:
Last Last
Today. Week. Year.
Minneapolis
Duluth.
777
6ft)
570
REMARKS.
The weather wss decidedly cooler over
he eastern portion of the l»el! Ilalna were
general, with heavy amount* reported front
Georgia, North c’nrollnn. Florida, and Ala
bama All report* from western districts
mlwtnjon account of -lo
THE METAL MARKET.
New York, Oct. 2.-Tbe ntetal market s
trading was quiet nnd prices slightly Ir
regular. Topper atroug but unchanged.
Tin down 4«'
Lead and spelter were easy.
GENERAL DUVALL TO AWAIT
GE ORDERS IN ATLANTA.
Washington, oct. 2.—Brigadier Gen
eral W. P. Duvall, commanding the
Department,of the Gulf, with head
quarters In Atlnntn, who was at the
war department yesterday In confer
ence with General Bell, chief of staff,
anil Other officers, with regard to the
movement of troop* In his department
that have been ordered to Newport
Sewn for embarkation to Cuba, left
here bud night for Atlanta, where ho
will hold himself In readiness for or- ,
dors to Culm In case any more general
officers arc required In the enforce-1
ment of the peaceful occupation of the
island.
STOCKS AND BONDS.
Bid. Asked.
..Ill 113
„1«
:h. 6s. 19
Hnvtinnsh B«. 1909...
Macons 6s, 1910
Atlanta, 5s. 1911....
Atlanta, “
Atlanta •
Atlanta «■,<*£-. ...... — lj*
Atlanta and Weat Point. . . .1<»
Atlanta and West Point Debts.. 107
Central Hallway of Georgia 1st
do. Income
do. 2d Income
do. 3d Income
Georgia 265
Augusta and Savannah 115
Southwestern Ilf
Georgia Pacific lata 120
C.j C. and A. 1st* U3
8*
receipt# at Sen Orleans nml Houston line,
to the student of the staple, emphasised
the fact that the Galveston movement for
September was about 45 per cent of the
whole, ss against aliout 33 1-9 per cent last
year, and to this extent Texas has been
carrying the movement bardcu of the belt
nt large.
The government condition average should
not show stornt damage. At the moment
the weather being practically the only In
fluence that really counts, the course of the
cotton market Is too complex n iniszle for
the expression of conscientious opinion. The
outlook Is dsngerons or safe, according to
the logic the man follows, rather than the
statistical calculations he hns heretofore
tched carefully. Yesterday's net gain of
noticed In the atock market prevailed /•*-
terday from tho loginning to the end of
business hours, reflecting undoubtedly s
“ “ ig among specol
ndouhtediy
general feeling among speculative opei
tors that for the time Iwlng at least t
force i
. a Nous adverse factors with which
the market has had to contend In the near*
by past had considerably lesaeued. The
end of the Cuban situation la not yet. of
courae, but from Mil appeMmncoe there are
likely to he few developments In It thnt
the financial community will count at
harmful. During the last week the con
vlctlou has steadily deepened In the minds
of nil thoughtful observers that the Ilesrst
candidacy for the governorship will meet
an overwhelming defeat at the polls, while
In an affirmative sense the strength of the
opposing candidate has Jnst as steadily
grown. Another rise in the price of raw
copper occurred here and In London, thnt
In the foreign market Itelng especially pnv
uotinred. In our market, aside from tha
general Influence making for the better
feeling, there were no specific develop
ment! of note. It Is clear that the tech
nical position of the market has been
helped by the recent liquidation of wenk
holdings and by the throwing over of
stocks by certain, Inrge speculative
•plungers, nnd It Is also well understood
thnt commitments for the decline In the
hold It.—Ware A Leland.
New York, Oct. 2.—The vsrtoua develop*
ments which have, during the Inst few days,
made the stock market outlook more nt»
tractive continued to make their Influence
felt today. For the most part prices ad
vanced. although there were enough excep
tion* to the upward movement to provf
tlmt yesterday s quick rise had Invited
heavy profit-taking sales. This sort of sell
ing appeared rather conspicuously In tht;
I'nclfic stocks. In fit. l*aul. In Pennsylrinla, j
and In Baltimore aud Ohio. But. On tha'
other hand, fhp I'nlfed Stare* Steel share*
continued to lw Isnight heavily nt advances.
In expectation of Immediate anonuncemcnt
of the ore land lease, and the Itock Island,
Coppers. Texaa I'ncIHc and Atchlaon wart
also extremely strong dnring the morning.
The market waa encouraged by th# relaxa
tion in call money rate* which by mid-day
were down to 5 per cent and by further
Indications that the premiums charged re
cently to borrowers of time money wert I
soon to disappear. This demonstration of
the adequacy of recent money market relief
of course caused less attention to be paid to
the movements of foreign exchange and th*
IKisslldllty of an advance In foreign bank
rates.
New York. Oct. 2.—The stock market
opened almost generally higher and In thf
flrat i minutes gains were established of
from 44tfl per cent. Copper nnd New,
lork Central advanced 4 and 1'ennsyl-t
vnnin, Erie. Steel preferred and Colorado*
Fuel rose 4.
The stock market waa more uniformly
strong this morning than at any time In a
long period, exceptions to the general ad
vance being few, nnd where losses wert
tnndo It was for some special reason pecu
liar to certain stocks. The feature or tbs
trading waa the activity in low-priced*
stocks, led by Rock Island. Exceptions to
the goners I strength were Ice SecurUlcg,
and iMstllling Securities.
Governments unchanged. Other bonds art* 1
active.
LONDON STOCK' MARKET.
Anaconda .
Atchison
Canadian Pacific . . / .
Chicago. Mil. 4k fit. Paul
Erie
Illinois Central
Louisville and Nashvllla .
Bending . .'
Pennsylvania ........
Southern Pacific
I'nlon Pacific
United Btates flteel ....
do. pref. .
NEW YORK COFFEE MARKET.
of the New York 'coffee mark
Januaty 6.60-6.65
February 6.75-6JI)
March 6.70-i.ao
ftf:.- T::: - :::: H
June 0J
Jnly 6.96-7.00
August 7.00-7.06
September .. 7.06-7.10
Ortoliet 6.26-6.46
November 6.40-6A6
December 6.56-6.60
Closed steady.
LIVE STOCK MARKET.
up: quality fair; left over 3,439; bulf 84.000
«.«; estimated for tomorrow 28.000; light
hogs 96 2506.774; ml*ed $6.1506.80; heavy
to choir.
- ' ' " Market
«>w, >
Jiroo 9960C9
9.90; gno.1 prim. .trer. 99.-07: po« to
niwllnm 94.M0I.9O; .twk.ra and fMd.ro
—K.Mmiff.tJ receipt. JLIYW. M.rk.t
weak; nunlit? fair: natlrea 9*09.45; wtot-
,rn 9904.90; TMtllnj. ».»,&»; Umbo
11.250790; woot.rn 94.807.49.
THE 8UOAr"mARKET.
Xu York, Oct. }.—r«p»l rcflncl and rare
atijar market# ,t«dr and tmciiatwod.
I^ndnn I re. I. .tpadjr; October 9» 9\d; No.
rMnlrer *• 4Vfcd.
SOUTHERN EXCHANGE
Oldect E.tabllahcd Office South.
comm— siocis—- rows- ~em
Ground Floor Gould Building. Dolly
market letter and market manual
mailed nn application. 0
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
ComspoiteBt’s Cipitil {750,000
KCrCRKMCC. THE NEAL BANK
PHONE MIT. PRUDENTIAL BLOG
HUBBARD BROS & CO.,,Sis
Atlanta Offices, 210-221 Century Building. _
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the shove exchangee.
Direct wire service. Correspondence invited.
Phonee 459, Long Distance 34. A. S. Hustace. Mgr.
0)1. I.. PEEL, Pr.tld.Dt
ROBERT F. MADDOX, ties Prertd.al
TIIOMAlt J. PBEPT.ER. Cartier. .
JAMES a l.KSTKK. Artlat.Bt Caab af.
JAM. p. Wl.sixum. Artlatnnt fa.hl.r.
MADDOX-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.
r
ATLANTA NATIONAL BANK
ATLANTA, GA.
c. C. CURRIER, President. A. E. THORNTON. Vlcr-Pro.-denl,
H. T. INMAN, Vkt President. GEO. R. DONOVAN, Cashier.
JAMES*). FLOYD, Asa’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
Safe Deposit Boxes
For rent m our oaulh in the basement of the
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We Inode
you to call and inspect them