Newspaper Page Text
THE ATLANTA GEORGIAN.
WEPNEKDAV, OCTOBEn *, HOC.
11
MS11 COTTON
They Succeeded in Forcing
Prices to Decidedly
Lower Level.
SOUTH WAS SELL'ER
Kecent Buyers Aided Bears
by Selling to Realize
Good Profits.
York, Oct. 5.—The undertone of the
„V#,» n market nt tf!fe outset was unsettled
^/ Srit prices were 15©18 points lower,
following ft sharp decline In the market nt
I rinmffi Ux-nllr *01116 of the l*»dla*
were »ethre ,eller« and there «•»» » •»
0 Il.le nrewiire. In reipon*e to the ad- -
™ roraroteslon home* lo*t night to i
The ndrnnee wn, too rapid. The h«nd«ome
nroflt* In favor of the friend* of cotton
flrrived too tempting and they roalUed on
1 * - _ t.ul n l,i nil tlio a ,i..nil 111 Vd
I lveri*ooi *»» »»uc i» < ”nit- **» i” —
niher In re»pon*e to the rnnawny Anierletin
market, ye*terdny. In*tend of the advance
Sue flrnt price* were unehnnged toJ points
hrlier This wn* very (ll*cmrnglng. nncl
..ii tho poor (howlng New York wn* due to
..eel) 28 point* down.
Following I* the r*nge In the cotton mar
ket In Liverpool today.
Open. High. Ix>w.
OrtSor 6.67 £*7 5.53
t n n -Fob * . 8.60 5.67 5.53
M.h-Aprlt 6.60 6.71 6.67
MsvJune &.6G 5.»t> •‘•O*
* tW spot market was firm, however, the
r.rlcf* for middling being marked up 15
imlnts to 6.0Sd. Spinners Increased their
inking*. sale* amounting to 12,600 baler.
There wss less excitement around the
nooning this morning, apparently the reault
or tlio Shifting and the covering process
from the boar to the bull side of the ac
count The boars have I*een nervous, and
the bulls ate confident that this element la
not entirely “out of the woods” yet.
Initial priors wore 15 to 18 points lower on
tho
ctlre months, practically the high
points. Pecemticr 40. January 88, and March
37, an compared with tho high polut of yes-
* Tho N>w York Commercial, In Its review
of tho market laat Monday, says:
"Tho market saw the most sensational ad-
Tnn<o of the season. It was an advance
following nn advance, which made It the
more sensational. Liverpool had not had
Its rhnnee to run until Monday—and It ran
thnt Is. the shorts did. There was no un
dignified retreat on the other side, how
ever. n»d Liverpool, while it showed a good
ml van co, was not sensational, considering
the tone of the local market, mid the wild
.•allies that had lien sent abroad. The New
York bulls were out fop blood, however.
There was no thought of the morrow,
tentlon was pnbl to lienrs* reports I_
two women statisticians, no attention
r id to anything except the prop
was nn easy game to seud prf<r
South sold on the advance, hut i
wn* paid to that. The nubile dl
In to buy, but the bull* did n
thnt. It was an easy game, and the thing
seemed to be to push It even ns the driver
of a racing automobile drives his msehlne.
brenk 1
that cr
mentioned thnt
days have hail no chance to take down
profits, but that does not seem to worry
any of the crowd; they seem to be looking
' still greater profits.”
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbert & Clay.
New York, Oct. 3.—Liverpool at 12:30 p.
m. was unchanged to 1 point up. Was due
14 uml 15 points up. On this basis New
id o ■ “
¥o«* should open about 2S points lower.
The New \ork Commercial says: ’There
was never before a case In the history of
the cotton trade where a crop lost 3,000,000
bales in a week.”
Showers over east gulf nnd south At
lantlc states tonight and tomorrow, fnl
over western belt. Weather bureau report
of late lust ee— - • -■
gulf dls^urbain
Itoom traders hammering the market, with
the Mouth a heavy seller.
The Journal of Commerce savs: “The dry
goods market wits very strong for the dny
more especially In the cotton goods section
It was the currently expressed opinion thut
all merchandise was iftovlng toward a
higher level under the impetus of a short
supply and a demand In excess of the nor
mal nt this time of the year. Undoubtedly
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-lire
years' experience of ed
iting markets In Atlanta
nnd the South has mado
hits a recognised au
thority In bis specialty.
TIPS FLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
the higher prlc
ie ye
reached in the raw mate
stiffening effect, but
ild take plat
flurry In si>eeulutlve
rial market had
ninny lines udvun
there had been i
channels."
Liverpool cables: "At the opening
mnrket was full of sellers against actual
cotton, and to take atlvnntnge of expected
strong market afterward on steadv Ki
pean buying. Think English shorts eovei
but continent still some short."
New Orleans, Oet. 3.—Liverpool cables:
Market depressed on nccouut of hedging
ed weak nnd Irregular; unehnnged
nnd 3 up on late. At 12:15 p. m„ 24 to 3 up
and very steady. Males 8.6.T). Spots 15 up
at fl.08d. Futures were due to come 13 to
15 up.
Carpenter, Rnggott Sc Co. say: “An In
telllgcnt forecast Is hardly possible nt this
time, os the trade seems to have lost Its
head, nnd no wilder market was ever seen
on ordinary reports. Eleven cents is freely
predicted for cotton now before Snturduy
CONDITION 71.2;
GINNED 2,044,426
niC following tables. Issued yesterday by
the crop reporting hoard of the bureau of
statistics or the department of agriculture,
nt Washington, shows the condition nnu
quantity of cotton ginned up to Mepteml>er
25 by states, compared with last year, and
tho 10-yenr average as to condition.
The weather Is still unsettled In the enst-
rn rot ton belt, heavy rains being reported
i *evern! sections, though in Texas favora-
illtlon* prevail, ns showu by the fol-
1/ ci'Mitijr mill
Temple, clear nnd
ami cool; Colorado
nnd Abilene, clear and fine; IIIco and Dub
lin, clenr nnd cool.
Estimated Receipts For Tomorrow.
' ™ f 1906.
1906.
?Guv Orleans*.. I 6,000 to 6,00ft
1 16,626
i rumored late In the afternoon set-
thnt Price was wiring confidentially
int thr *
.* «
"tld go lower.
At the close. Liverpool was lUtf?2H points
Imver. Now York 214149 points and Now
Orleans 3T.ff40 points down.
Liverpool Is due to come nbout 7012 points
noun tomorrow morning.
, SPOT COTTON MARKET.
Liverpool, spot cotton fair nnd Arm: mid
dling uplands 6.08d; sales 12,000; American
t.Vni; speculation and export 1,<W0; receipts
t/M; American 1,600.
Atlanta, steady at I0*4c.
New York, quiet nt 10.55c.
New Orleans, steady nt 104c.
Augusta, quiet nt luS-lflc.
Hnvnnnnh, Ann at 10 3-16c.
St. Louis, quiet at 1014c.
Wilmington, firm nt 9f*c.
Memphis, Arm nt 10%c.
Galveston, firm nt lOUc.
Baltimore, nominal nt lOVfcc.
Norfolk, steady at 10 7-16c.
Charleston, firm nt 10c.
Mobile, steady nt 10c.
„ TODAY’S PORT RECEIPTS.
ib" following tnlne shows receipts st the
gj* today, compared with the same day
7061
16561
1226
7836
836
4493
1905
3340
25797
1634
14554
1611
4266
10037
58
3799
INTERIOR MOVEMENT.
i f " ! '' m, ag tnlne shows receipts at the
inn. f ’".was today, compared with the
States.
Virginia. . . . .
N. Carolina. . . .
S. Chfollnn. . . .
Georgia
Florida
Alnbnmn
Mississippi. . . .
Louisiana
Texas
Arkansas
Tennessee
Missouri
Oklahoma. . . .
Indian Territory.
United- States... 71.6
1 Sept. 25,1 Sept. 25,
, 10-Year
Average.
74 ' ‘
by the recent
caused since September
storm on the gulf const.
The ginning report by states for the pres
ent year shows the number of active glnner
les ns follows: Alnbnmn 2.167, Arkansas 1,-
346, Florida 194, Georgia 3.552. Indlnu Terri
tory 342, Kentucky 1. Louisiana 1.551, Missis-
slppl 2;657. Missouri 30. North Uarollnn 1.567,
Oklahoma 189, South Carolina 2,332, Tennes
see 266, Texas 3,871.
According to a bulletin Issued yesterday
by the census bureau, there had been 2,044,-
426 bales of cotton ginned of the present
crop up to September 25 last, counting
round bales ns half bales. For the same pe-
rouud ns half hales, follow’s by states:
Alabama.
Arkansas
Florida
Oeorgln
Indian Territory.
Kentucky
227,542 hales
36.613 bales
10.539 bales
218.566 1 tales
9,696 bales
r 30 bales
Louisiana 130,780 bales
Mississippi 148,534 bales
Missouri 1,042 bales
North Carotins 41.890 bales
Oklahoma 8,965 bales
Mouth Carolina 130,231 bales
Tennessee 7.330 bales
Texas 1,009,147 bales
Virginia 408 bales
There are Included In the statistics 66.221
round bales for 1906 nnd 14.816 for 1906; sea
Island 2.702 bales for 1906 and 11,936 for 1906.
The distribution of the sea island cotton for
1906 Is ns follows:
Florida 1.295 bales
Georgia 1,361 bales
Mouth Carolina. 46 hales
WARE 4. LF.LAND’S
DAILY COTTON LETTER.
New Orleans, Oct. 3.—Cotton was com
paratively quiet today after the heavy trad
ing of yesterday. In the enrly session,
prices had a declining tendency on the dis
position of longs to take profits, nnd also
on some heavy fresh short selling, which
dbl a great deal to keep alive the belief
thnt large shorts had refused to run to
cover, and that the market still held a good-
sized net short Interest. Liverpool re
fused to make a full response to the net
advance on this side yesterday, and this
caused a lower opening, hut later In the
day unfavorable weather reports caused
a renewal of buying, which sent December
up to 10.40, which was not so far from the
level of yesterday’s close. Private cabl
egrams from Liverpool said that the market
had been kept from ndvnndng by heavy
hedge sales against actual cotton. The
weather was bad, considerable rain was re
ported over the cotton belt, with tho ex
ception of Texas, nnd prlvnte telegrams
from Mississippi said that creeks In some
localities were over their hanks nnd flood
ing the lowlands. Press reports said that
floods were prevailing in tleorgla, Alabama
and Tennessee. The forecast promised fa
vorable weather, but until more . news Is
nvnllable concerning the real extent of the
damage to the crop by the recent spell of
bad weather, we advise conservatism In
placing sales. Any bullish developments
nil! cause quirk advances, for the belief
Is becoming general thnt the trade has
greatly overestimated tills crop. Just as
vear It underestimated It. The spot
inond was good nt full quotations.
NAME OF STOCK.
Amalgamated Copper..
Atlantic Coast Line. ..
Americau Sugar Kef. ..
Anaconda
American Locomotive..
do, preferred. . . .
Anier. Smelting Uef. .
uu, preierreu. . . •
American Cotton Oil. .
Arner. Car Foundry. ..
Baltimore ft Ohio. . ..
Brooklyn Rapid Tran..
Canadian Pacific. . . .
Chic. ft Northwestern..
Chesapeake & Ohio. . .
Colorado Fuel Sc Iron..
Central Leather
do, preferred. . . .
CJIc. A Great West'n.
Ch c., Mil. ft St. 1». . .
Dela ware St Hudson. ..
Distiller s Securities. ..
Erie
do, preferred. . . . !
1J?S
tjfnwal Electric,
Illlnol* Central
Atncr. Tee Hecurttle*. ..
Louisville & NuabvUle,.
Mexican Central
MI,*onrt Pnclflc
Quotation* tiro »« po*ted on Iw*rd of local exch»n<.. Total »toclt ante, today 1
NEW YORK.
NAMB OF STOCK.
hi. V.. Out. Sc Western
National Lead
Northern Pacific
New York Central. ....
Norfolk & Western
Pennsylvania
People's Gas
Pressed Steel Car
do. preferred
Pncllle Mall
Heading
Republic Steel
Rock Islsud -
_ do. preferred
United States Rubber* * *
do. preferred. ......
Southern Pacific
Southern Railway
do. preferred
Sloes-Sheffield
Tenn. Coal & Iron.
Texas ft Pacific
Western Union.
Wabash
do. preferred.
twres In New York today:
Oct. . .
Nov. . .
Dee. . .
Jan. . .
Feb. . .
March.
May.* *
Closed steady.
nil
10. id 10.06-10
10.0610.06-06
lit. oy! 10.0809
10.14110.12-1!
10.21-21
10.27 10.26-77
10.34 10.35-36
10.64 10.38-40
10.88110.43-45
I?
1530-42
10.50-62
10.5466
10.67- 68
10.67- 60
10.73-73
10.82-83
10.88-85
10.88 90
LIVERPOOL.
The following figures give the opening
range and dose, compared with yesterdays
dose.
Futures opened barely steady.
Opemr-
Kam
October .
Oet.-Nov.
Nor.-Dec.
Dee.-Jan.
Jan.-Feb.
Feb.-Mob.
Msy-Juue . . •
June-July . . .
Closed steady.
ange.
Previous
Close. Close.
. .6.61 -5.63 *« HA
. .6.57 -6.58
. .5.56 -5.56
.'ig tt*
. .5.61 -5.60
. .6.60 -5.63
. .5.60 -5.61
. .5.66 -5.664
. .6.64 *.*6%
NEW ORLEANS.
^ T OTES ON GRAIN
Pointers on Prorlilont.
Private Wire to Ware ft Lelnnd.
Chicago, Oct. 3.—Ilnve rallied wheat on
rumor of exports made yesterday. Pit
traders doing the buying as far ns can
« at the moment.
Chicago Inter Oeenn: Cash business In
wheat yesterday was 25,000 bushels; sales of
corn were 100,000 nnd oats 90,000 bushels.
At the seaboard, exports of wheat 140,000,
corn 40,000 nnd onts 200,000.
*J* n £ c . rnt0 " n ’* r « reported He higher,
lHc being paid for lOO.Ouo corn to Buffalo.
Deliveries on Octolter trades yesterday
were 16,000 bushels corn and 600 tierces of
lord.
Acceptances of wheat at Nebraska yester-
dny were the largest for some time, one
bouse buying 25,000 bushels, and others
also made good pnrehase*.
Elevators nt Portal. Maakatchawan, North-
extern •Territory, are full of wheat nnd
farmers are obliged to dump their grain
on the ground. Threshing from shock Is
nbout over, and It Is claimed that tho Can
adian Pacific Is making no effort to fur
nish ears to move the grain.
Cash premiums on wheat were considera
bly lower iu tho northwest nt Minneapolis.
Millers were holding off, nnd No. 1 north-
was offered freely nt l\c over De
»er or lHc lower than Monday. Du
was off 1H<*. No. 1 northeru In that
market being offered 184c over December.
Southwestern markets were off at nbout
He, Kansas City No. 2 red selling at 73c,
— ~ ~ T rd at 70Hfl73e. At St. Louis,
i 77c, and No. 2 hard 78tf76e.
Prlrnte Wire to Glbert ft Cloy.
Chicago, Oct. 3.—Would much rather
buy wheat on tho recession than
on bulges.
Think corn should prove a purchase nos-
ml espeelr" — ~ - *
Believe oi
soft spots.
THE COFFEE MARKET.
Following Is the opening range and close
Opening
Range.
. ..6.65-6.70
.. . .6.70-6.80
.. ..6.80
.. . .6.85-6.90
.. .6.95
. . .6.96-7.05
....7.00 7.06
.. .7.05-7.10
. ..7.10-7.15
.. ..4.4A4.W
.. . .6.50-6.65
6.85-6.4fl
6.40-6.4:
6.50-6.55
GIBERT & CLAY
'* C. ALABAMA AT.
COT I un, b
correc, provisions
IEMDCRSi
ATLANTA. OA.
. Trade.
Association
Exchange*
Private Wires to all Exchanges,
kecal end Long Distance Telephone 5298.
w. n. FAGAN, Mansner.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA-
CROP REPORTS BAD;
LIVERPOOL HIGHER
New York, Oct. 3.—The Run says: "Un
favorable crop reports from the eastern
gulf nnd central section of the cotton l>e!t.
together with a higher Liverpool market, a
bullish weekly government report, heavy
buying for New Orleans, nnd other Mouth-
ern shorts, nnd a number of other bullish
factors, nil contributed to make up nn ac
tive speculation at rapidly rising figures.
The spot business at Liverpool was larger,
•pot markets In this country were higher
under the stimulus of damage news, nnd a
good demand, the South was offering the
actual staple less freely, shorts wt*re every
where stampeded, and there wna not a lit
tle general buying lor a rise. On the other
hand, the threatened new storm from the
direction of Yucatan seems to he a small
affair, not seriously threatening the gulf
states and the monthly government report
on condition was considered bearish, rather
than otherwise. But the advance of |5 a
bale within less than a week wn« natural
ly considered very tempting to bulls, nnd
n good many of them took profits, others
who believed thnt the flurry has been based
on very flimsy foundations, resumed opehn
tlons on the short side, and what, with
long liquidation nnd bear pressure, prices
nt one time gnve way very noticeably.
They rallied again later on, however, on
renewed buying, due to persistent reports
of d * * —**— * u ‘
belt.
..... Moreov
.... and Galveston estimates for today
nrrr small, not because of bad weather
In Texas, for that state has escaped the
Moitthern hurricane, but evidently because
of the unfavorable news from the other
side of the Mississippi, nnd the rapid rise
of futures encouraging farmers to hold for
higher prices. Foreign house* and spot In
terests were large buyers here, and hnglisb
nnd continental spinners bought heavily In
Liverpool.”—Glbert ft Ulny.
New Orleans. Oct. 3.-The Tlmes-Demo-
ernf soys: “Monday's cotton market de
veloped the fact that *he speculative short
Interest was larger, nnd because of the ab
sence of a large speculative long Interest
In a more precarious position than the tab
DEMAND LIGHT FOR
CASH WHEAT
Wheat Deal Pressing for
Sale Responsible for Low
er Opening.
Chicago, Ot*t. 3—The market In wheat
was tight ss a drum. The talent was un-
happy as an onlooker, with here nnd there
a trade. It Is know*n that Wall street
holds 12.000,000 bushels of long wheat here.
In which there were losse. It was sug-
f ested that the recent Idg purchase was
or Wall street account.
The export trade was enormous—200,000
bushels corn at 2c to Buffalo, 75,000 bush
els of onts were taken here.
Primary wheat receipts 1,157.000 bushels,
nnd 1,683,000 bushels of corn, compared with
1,457,000 nnd 559,000 bushels, respectively, •
year ngo.
Clearances for the day were 263,000 bush
els of wheat, 209,000 bushels of corn*
No oats.
Closed steady,
I
§
s
J
oct
iSsff
10.30
0.06
Dec
■Tnn
Feb
March. . . .
M*r
June. . . .
July.’. . . .
io.40
10.48
10.40
10.48
10.08
10.17
7069
10.77
law
10.77
1034
10.67
10.78
10.73
1073
10.06-06
10.09*11
10.11-12
10.20-21
10.2638
10.3S-39
10.48-49
10.53-66
10.58-60
;|0.40-41
10.47-49
10.60-51
10.58 59
10.65-671
10.78-79
10.88-90
10.93-96
10.98-11
THE WEATHER.
LOCAL FORECA8T.
WEATHER FORECA8T.
CHICAGO GRAIN MARKET.
for today follow:
Open. High.
WHEAT—
Dec 7514
May 79$
i'ORN—
GATS-
Dee J
May i
Jan.... 13.35
LARD—
Oct.... 8.87*
^ SS S5
43 42* 43 42*
43* 43* 43* 43*
9»
ss
33*
34*4
35*
33*
13.42*4 13.32*4 13.4214 13.35
Nov.. 8.56
Jsn.... 7.874
SIDES—
Oet.... 8.27 1
Jan....
ASH WII
8.874
8.60
7.85
1.924 8.874
1.874 8.624
Ht ?:i?S
HEAT—
sGeorgla—Showers and thunder storms
Wednesday and probably Thursday; fresh
southeast to east winds.
Virginia—Partly cloudy Wednesday with
occasional show’era; Thursday fnlf fifj.l
wanner; light to fresh northeast winds.
Louisiana—Fair Wednesday, warmer In
northwest portion; Thursday fair, light
Thursday, diminishing north winds.
Arkansas and Western Texas—Fair Wed
nesday and Thursday.
North Carolina—Mhowers Wednesday nnd
probably Thursday; light to fresh north
east winds.
Mouth Carolina nnd Eastern Florida—
Mhowers aud thunderstorms Wednesday
and probably Thursday, fresh southeast to
east winds.
Western Florida—Fnlr Wednesday nnd
Thursday. light to fresh northwest winds.
dny nnd In east portion
Thursday.
West Virginia—Light winds Wednesday
Thursday fair.
WEATHER CONDITIONS.
Private Wire to Glbert ft Clay.
New York, Oet. 3.—Atchison declared dlv
Idend of 24 per cent, pnynble setnl-nn
uttaUy.
Better prices nre probable today. Th«
markets seems to be In good condition, and
standard rails. In our opinion, nre a pur
chase on weak spots.
New York Financial Bureau: Bullish op
erntlons are likely to he oentlnued In the
stock market today. We look for specialty
prominence. We also expect to see the low-
priced shares receive more attention, nnd
the reaction In the afternoon yesterday
should have !*een embraced as an opportti
nlty to buy. We believe all these recession!,
will for a time be succeeded by recoveries.
We very strongly advise the selling of
stocks on bulges, ns ofteu stated. The gen
eral situation seems to tie steadily Improv
ing. as near ns we citn ascertain nt this
time.
The outlook to us seems very good with
money easing ns It is, for money has been
the cb*— ■-
ard
me,
from the Wall street view during the next
thirty days there seems to be but little to
prevent a broad bull mnrket. provided the
prospect Is not Injured by reckless action
beforehand. We counsel conservatism there
fore, but continue to be bullish, as hereto
fore stnted.
Dow-Jones’ summary: American stocks
In I^mdon firm, with special strength In
crease to a 5 per cent basis or better «
sblered probable.
Presldeut strongly opposed to annexation
Idea and will give Cubit another chance to
govern itself.
Atchison surplus for common stock equal
to 15.63 per cent.
United States Steel earnings estimated nt
$40,000,000 for third quarter.
Steel earnings In October expected to
brenk nil records.
Light demand for stocks In loan crowd
with Amalgamated Copper loaning nbove
two mouth* 15.43 pec com
Rankers expect gold Imports to continue
so long ns money continues higher here
than In London.
Total gold engaged on present movement
839.952.000, of which I17.869.ft00 Is to arrive.
Forty roads for the third week of Sep
tember show nn average gross Increase of
13.04 per cent.
Twelve Industrials declined .36 per cent.
Twenty active railroads declined .29 per
GIBERT A CLAY’S
DAILY COTTON LETTER.
New Orleans, Oct. 3.—Heavy selling of
options In Liverpool ss hedges ngnlnst spot
transactions forcibly withheld the foreign
market from responding In full to the
cis-Atlnntlc advance. Closing prices were 1
@2 points lower, while spot sales denoted
great Improvement on tho demand for cot
ton, 12,000 bales changing hands nt nn ad
vance In quotations of 15 points. The
weather continues to be the nit-nbaoridng
factor In shaping public sentiment. The
market consequently pursues a nervous nnd
erratic course, with first one side covering
nnd then the other. Today's map was very
unfavorable, only Texas of all the states
reporting clenr, dry weather, while the
balance of the belt was exceedingly wet
nnd cloudy. This section has already bad
excessive moisture, nnd the fear of damage
grows with each day of rain. Hellers, there
fore, hove been extremely scarce, nnd ad
vances have l*een easily consummated.
Nevertheless, forecasts for tomorrow nre
decidedly more favorable, nnd the failure
of the second tropical storm to material
ize has removed considerable anxiety from
the trade, nnd It Is very nrolwble thnt some
slight easiness will be observed shohld the
weather admit of more favorable progress
In the fields. At any rate, a far-reaching
nd brooder Interest Is now discernible In
.he mnrket nffnlrs. nnd the old-time stag
nation seems over, for a wQllft. at least
The weather continues cloudy and unset
tied over the enstern half of the United
States, but the storm that came In from the
S ulf lias decreased In energy, causing nr
a mage aside from general rains. The fnl
lowing stations report heavy rains Iii the
Inst 24 hours: Atlanta, 1.96; Thomnsvllle,
cut k
the
This
nd Tuesday's opening found
•overeff fellows desperately anxious,
newspaper’s report of the condition of
rop, secured under great^ difficulties
report
, J under u.— —- .
if the telegraph wire troubles, ond
published yesterday morning, revealed se
vere damage In a number of sections. The
government condition figures of il.o nerore
the storm were not very bearish on see.
oiul thought. The glnners' bulletin showing
quarter of u million bales less cotton
■irinned on Meptember 25 than at the same
time Inst year, added fuel to the flames.
Selling power was lacking until the monu
mental advance attracted some fresh sli*»rt
lilies nnd profit-taking by scalpers on tne
long side. The short's real troubles were
the outgrowth not so much of a prorions
unwarranted low price ievei. but of loci-
cal Immediate conditions. Exporters who
coil hi not get s|M*t cotton,, or who were
THE PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat nnd corn:
Wheat—Receipts today 1.160.000 bushels,
•gainst 1*467,000 bushels Inst year; ship
ments todnv 618,000 bushels, against 098,
003 bushels last year.
Torn-Receipts today 601,000 bushel*,
against 558.000 bushels Inst year; shipments
today 426.000 bushels, ngnlnst 648,000 bush
els last year
LIVERPOOL GRAIN MARKET.
Wheat—Opened 4c lower; nt 1:30 p.
‘4c lower; closed
Corn—Opened *i
HflJ4e lower; closed
„ .. lower.
Corn—Opened HCDSiC lower; st 1:30 p. m.,
— losed 4®4c lower.
NORTHWEST CARS.
SOUTHERN EXCHANGE
Oldest Established Office South.
conos STOCKS BONDS GRIIN
Ground Floor Gould Building. Dally
market letter nnd market manual
mailed on application.
gy Is centered over Wyoming. This
low Is followed by nn area of cloudiness
nnd rain to the northwest of its center.
The highest pressure Is over New England,
while Iii the Mouth the pressure Is below
normal at all stations.
The temperature has risen nt most atn
tlons, the exceptions being In Oregon und
Washington and cm the coast of New Eng
land.
The outlook favors partly cloudy weather
nnd probably show*ers in this section to
night and Thursday.
COTTON REGION BULLETIN.
STATIONS OF
^Atlanta, cloudy. .
‘t'hnttnnrtogn, rnln.
Gainesville, elotnl
Greenville, rnln. . .
Griffin, cloudy. . .
•Macon, p. cloudy. .
Mmiflcellp, cloudy. .
Newnnn, clear. . . .
Rome, cloudy. . . .
Spartanburg, rain. .
Tallapoosa, cloudy.
Toe eon, cloudy. . . .
West Point, cloudy. ■
Minimum temperatures art for the 12-
it I
i !
67
1.82
hour period endlug nt I
this date.
HEAVY RAINFALLS.
Fort Gaines, Gn
Lake I’ity. Fla
not ready fo work out their hedges, held
‘cally “ “ ‘ *
rnetlci
There
„rmall the long contract
wan no reason why these men should K°-
and shorts In a frenzy pushed the market
themselves. Europe bought cotton
iv. amt ln.nl
m.my cable requests for offers. Ihe in
{prior and the room trader bought contracts
rlienever possible. The rings were turb"-
lout nnd uncertain. Ther
analysis nnd less
losses. With no ,
loser hoped for nothing letter than
tiding of his w«
... .... time for
the summing up of
iiey in th.
ervatlve traders
not like the outlook. Au advance of
i a bale within a few days Is Idg
4t» to everylssly.
letuand nnd
pause i
It dls
.-.,->ugh to glv , . . , „ ,
ootuit* giHHi trade demand and a not ojer-
abundant supply. With 10c for middling
“,tton obtainable la the Interior, the fanner
can not now be expected to do much bold
ing.”—Ware ft IedomL
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondeit’s Capital $250,000
RCtKfiKNCE, THE NEAL
1C t4IT. PRUDENTIAL BLOC
r.Sa? Max. Min.
Charleston. .
Mobile. . . .
Montgomery.
REMARK8.
Somewhat lower temperatui
most of the eastern districts .
hours. Rains were general, with heavy
falls In Georgia and Florida. Reports from
the weatem half of the l*elt were uot c«
cejved In time for publleatb
CHICAGO CAR LOT8.
STOCKS AT START
E IRREGULAR
Various Groups Being In
fluenced By Large Specu
lative Operations.
DULL FIRST HOUR
Fluctuations Generally Cov
ered a Narrow Range.
London IVas Buyer.
New York. Oct. 3.—The announcement of
ft 214 per cent semi-annual dividend flu Ateh*
Ison common, placing the atoek on a 5
l»er cent baaia, was the Important news of
the day. It has been known for come
time thnt directors of the company were
divided In opinion on the dividend ques
tion, some fnvorlug nn Increase from 4^5
per cent, while others favored a larger In
crease. The recent rise In the stock mar
ket had evidently discounted something
midway between these two views—that Is,
between 107 and 109, the range lately pre
vailing. The stock was too low for a 6
per cent Issue, nnd too high for a 5
per Ont. But a fair Judgment based on
comparison of quotations with other
stocks would be that the Atchison shares
have been holding much closer to ft 5
er cent level than to the level they would
arc been entitled to selL had the divi
dend distribution been larger. Accordingly,
the effect of the announcement on the mar
ket today was not seriously depressing.
Atchison promptly broke 3 points on tho
’* and other lending issues dropped a
point or so. But heavy orders were Im
mediately thrown Into the mnrket nnd the
upward niovnient was resumed.
New York. Get. 3.—The stock innrket
opened at general gains, extending to
In St. Paul nnd Northern Pacific, United
Htstea Steel preferred Union Pacific.
Hteel common. Uolorndo Fuel 4, Rending
4. Southern Pnclflc nnd Baltimore nnd
Ohio 4. Atchison opened nt IftSVfflftS. th#
‘ >wer figure showing a net gain of 14.
The stock mnrket Trading nnd price move
ments during the first hour were Iwtb de
cidedly Irregular, various groups of stocks
being Influenced by large speculative opera-
of others. Atchison fell
don bought 20,000 shnres so far.
Government lionds unchanged.
Other bonds lower.
THE LONDON 8TOCK MARKET.
RTOCKS--
Anu condo
Atchison
Canadian Pacific..
Chic., Mil. nnd 8t.
Erie....
Southern Pacific
Uftloft Pacific... ». .
United Mtatcs Steel,
do. preferred,. ..
LIVE 8T0CK MARKET.
, Chicago, Oct. 5.—Hogs— Estimated re
ceipts today 22,000. Mnrket slow nnd
strong to a shade higher: quality fnlr: left
over 4,183; hulk $6.3&fpi.70: estimated for
tomorrow 25,090; light $6.30J?6.7?4; mixed
$6.20fiC.f5: henry $6ij6.80; rough I8Q6.26;
R nckers 16.70^6.76; good to choice heavy
J.75ti0.88*
Cattle—Estl ran tod receipts 21,000. Mnrket
Steady to 10c higher; quality fnlr; beeves
$427; cows $1,362*4.50; heifers $2.4065.25;
calves $5.6008.60; good prime steers $507:
poor to medium $405.40; Stockers ana
feeders $2.5004.65.
Hhecp— Estimated receipts 35.000. Market
weak; quality fnlr; untlvos $3225.49; west
ern $305.40; yearlings $5.3005.90; lambs
$4.2507.50; western $Co5®7.40.
THE METAL MARKET.
New York, Oct. 8.—Tin was slightly flrih-
er; spot nnd nearby deliveries Improved
THE CUOAR MARKET.
New York, Oct. 1—Local refined and raw
sugar markets steady and unchanged. Lon
don beet innrket steady; October 9s 44d;
November 9s 3d.
STOCKS REVIEWED
BY NEW YORK SUN
par __ —_ ___ —
ment that entirely governed the mnrket on
Monday made further progress, no thnt be
fore mid-day recoveries of from 3 to 7 |»oInts
In the prominent stocks from the low quota
tions made In the latter part of last week
were common. But again, ns has so often
happened In the Inst thirty days, after a
sharp movement In the market In one direc
tion or another, a period of dullness set In.
followed In a short time by n reversal or
the trend previously followed. Superficial
conditions seemed even more farornblo to
an advance In vnlnes thnn they did Mon
day. While the atoek market was advanc
ing the Distlllera Securities and Ice Mecuri-
ties stocks declined with some violence.
These ure stocks In which n large advance
In price has racently occurred, unaccompa
nied. however, by any notable degree of
port, and the decline In the shares
did not check the upward course
of the general market. The drop In Distil
lers was due presumably to the announce
ment of opimsltlon raised fcy a number of
the stockholders of the cnuiiMny to the exe
cution of plana that have been framed for
the man-
__ As much
of a faetor as anything In the recession lu
the market In the nfternoon seemed to be
the selling of stock by holders who were
disappointed regarding the conclusion of the
ore dfal between the Great Northern Rail
way and the United Btatea Steel Corpora-
tlon*—Glbert ft Clay.
WM. L. FEEL, President
ROBERT F. MADDOX. Vice President
THOMAS J. PEEPLES. Cashier.
JAMES O. LESTER, Assistant Caahtee.
JAM. P. WINDSOR, Assistant Cashier.
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.
Safe Deposit Boxes
Prank Hawkins. President. , . . .,
H. AUI«json,^F. P ; Tnoms^C. Erwin, Asst.^ Cashier.
1
Third
Capital
Surplus
Tnomas C. Erwin, assc. lsi
R. W. wyera, Aast. Cashier.
National Bank
. . . . $200,000.00.
. . . . $300,000.00.
directorsi
Frank Hawkins.
!!. M Atkinson.
Joseph A. McCord.
For rent in our vaults in lie lasement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We Invite
you to call and Inspect them.
Title Guarantee and Trust Co.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.