The Atlanta Georgian. (Atlanta, GA.) 1906-1907, October 04, 1906, Image 11

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THE ATLANTA GEORGIAN. rncnsDAT, October 4, wee. 11 CM CM ITIMHIEHEST r „ r ,. net. 4.—Influenced by tin S'* ,T « Pn , cables, the b»'*l cotlot -KfrtLfiT *®M r< lln, *L blrhrr. Th< ”P rk,,t r X. mtrnnre at Uri+pool irae only hAr nreeitire beeemJt* no heavy temperar;. , that W |ttaln live inln- ,rM I?,er tlie <■*». ,lie lyUty T a,, “ «t« I.imv ve«terdny-» elning, .level. •etv'-L'if .,‘hoofh the llnnlilntlon hart gSai»“ "* . was due to come 12®13 |>olf)te Liverpool ^ (n ,[^ n decline of the lower In yesterday. Was lietter Antrrlrstt a j ,unmet openluli at 8Vi t6»". fewer and closing 39314 points lower d n, ".he SreJtoJi* closS. The local cotton 2rtet S oiten«3 about as expected on Ur- rtP"*’!'" 'from’‘'Liverpool were surprisingly a end railed for an advance of about r*l. aad rautpt „g llB the water, hut 1" Ka'Jtf the advance, first trices wert Instead et tn- F Later In the moru mcMnsed ' , hen re sent the price IM; , h ili neccmber going to m.oS, ns com- »®J°'"fib To il it the* closing yester- ~ ■sast s.?,.-, 1 . Sr**.* months lu open October November Siffuff?.: 8M tn the active High. Low. 5.54 5.45 5.55 5.46 5.59 5.50 5.63 5.54 Estjmsted^Racsipts ForTomorrew ..124.01)0 to is.oin ..17.700 to 18,700 . .1 6,500 to 8,000 1905. 10.926 SPOT COTTON MARKET. , 1,'nr.inol spot cotton eaeler: middling Vl.a. p ?Md- rales 10,000; Amerlenn 7,800; jSl/tlon aid export Mi; receipt. 19,100; “'luCmT.eadr .(t lO J-Me. Vcw York, gnlet at lO.flae. Jew Orleans. Arm Jt JJStc. Savannah, ideady !’.!£, Si. Louis, ipitet nt Knee. Boston, quiet St W.Mo. Houston, *'asy at 10%e. Memphis. tlr.natlOWi Baltimore; nominal at 1014c. llalroaton. *tendjr *t »«*c. Mehllc. llrm at IOC. Norfolk, atondy at 10 316c. TODAY’S PORT RECEIPTS. ns following tnlnc shows receipts at the ports today, compared with the same day last year:' ftirnnnnh . . . . Charleston . . . Wilmington. . • Norfolk Ponton Philadelphia . . ■ Total . 1905 “SiT 10367 1052 3367 4467 interior movement. The foil,,wing tnnte shows receipts at the Houston . . AnguMn . . Mrmphfft . 337 15625 4397 1616 45 453 NEWS AND GOSSIP Of the Fleecy Staple. New York, Oct. 4.—Liverpool at 12:33 p. m. was 5 to 6 points lower; was due 11 to 12 points lower. o n this ImsIs .New Vorf •hould open 12 points higher. The New York Commercial ernl buying In the mhrket for th Is not largr * Ing dlspai;— xu „ question of what ahull be done on staple lines of soring merchandise Is uppermost •with tJio Jiirge opera torn mnl for the mo- seller will attempt Edited by , Joseph B. Lively MARKETS Mr. Lively** twenty-five years* experience of ed-. Itlng markets In Atlanta and the South has made him n recognized au- thortty In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS Went neither buyer forecasts or depart from the rule of mod erate trading where It Is necessary that orders shall be given uow to cover need that are certain. New Orleans, Oet. 4.—Report* comltii from neighboring towns In Mississippi am Louisiana, which suffered from the late hurricane, reduce the estimated damage done, which, It seems, was greatly exagger ated. .New York, Oct. 4.—Weather clearing and •lightly warmer, ami plant can't stand cold. New Orleans, Oct. V—The census bureau report tomorrow will Issue a report on stocks and consumption of Cables are very favorable, mid crop news Is bad. Many points in Mississippi re ported flooded lowlands mid cotton rotting and sprouting in the bolls. We ought to do better by 8 or 10 points ou the open- flay wood. Vick & Co. are doing the ham mering. At least, 630 or 700 bales of spots were sold after hours .yesterday. THE WEATHER. LOCAL FORECAST, For Atlanta and Vicinity—More or less cloudy, with probably showers tonight or Friday. WEATHER FORECAST, Georgia—Fair and somewhat warmer weather Thursday; Friday fair. Light south winds. Louisiana—Fair nnd somewhat warmer on Thursday; Friday fair, light south winds, Eastern Texas—Fair Thursday, with showers Friday; fresh south winds ou the const. Arkansas—Fair and warmer Thursday Friday showers and cooler. West Texas—Fair Thursday and Friday North Carolina—Showers Thursday; Frl- iy fair and warmer. South Carolina. Fast nnd West Florida, Alabama and Mississippi—Fair and some what warmer Thursday; Friday lair. Tennessee—Fair and warmer Thursday except rain in east portion; Friday rain. Kentucky— Kulu Thursday and probably Friday. West Texas and S'outh Texas-Pnrtly cloudy. WEATHER CONDITIONS. The weather over most of the country east of the Iloeky Mountains Is cloudy and rains have fallen at a large number of sta tions In the same territory. Unlit was falling this morning at Corpus Christl nnd Gnlvestou, Tex., Jupiter. Fla.. Washington, 1». c„ Pittsburg, Davenport and Huron. At most stations in the South the rulufalls • been light. __ trough of low pressure extends from northern Minnesota southwest Into Mexico. Knst of this low the pressure Increases •ry slowly, but J» below normal except ...er New York and New England. Moving In from the north Pacific const region Is nn extensive area of high pressure whoso Influence Is being felt ns far east nn west- •rn Nebraska. Freezing temperature Is re ported at Yellowstone Park. Wlnnemucca. \*ev., and Modena, Utah; killing frost at Modena. The weather In this vicinity will be more or less cloudy with probably showers to night or Friday. COTTON REGION BULLETIN. .1 20120 | 21086 WARE A LELAND'S DAILY GRAIN LETTER Chicago, oct. 4.—Wheat—A little selling appenred early, due to Increased spring wheat receipts, and disappoint- Ing Liverpool cables, but there was commission house buying of December that started the crowd to cover while the nppearnnee of strength In North western nnd Patten buying In Minne apolis Induced same results here. Ad vantage was taken of the upturns, however, to dispose of long wheat, and It was not very well taken, although on the breaks nnd around 75 cents De cember shorts were disposed to cover. The market was very dull, with senti ment somewhat mixed over the export situation at the seaboard, as well as the spring wheat movement, not enough interest being manifested by out-of-town operators to take a hand In the operations, hence not' much more than a scalping market can he expect ed. and should prices weaken material ly. will allow of purchases being made. Com- Trade was very light, and with receipts light cash houses sold moderately, while Kansas City advices were bearish over an increasing move ment In the Routhwest. <>ats—The market was firm, with good buying of the December kind, which started shorts to covering. The Ohio crop report of 46,000,000 bushels, against 48.1)00,000 lost year, attracted out little attention and there was good commission house buying. Provisions—Pit traders covered inerts in October lard, but sold Jan uary lard and ribs that were bought ny Investors. Trade was rather light. LIVE STOCK MARKET. fcfv market slow by fair; left over 5.676 >w, 5c higher; q j J, ''W-TS; good to choice steady $6.70# J 1 ' * f 1 n,n 1 — 1 receipt, train? 6,1*91; ■ ""»• »hart* hl*hi>r; I woven 14® fesvsSVi** Vfl 4- M : 12.4095.35; cnlVe* in „ I'vlmv steer* |5.50«7; poor ^medium Her,; moekern nml feeder* 12-60 ghrri COTTON 8EED OIL. Opening. rtoslng. «3S«4 35 »3*4 ’ r K%«3« 364«36 r *4#l35 34 $34>/4 4734V* 33*634 33V44r34 33»44fcM 33^34 33«Jtf33'* Hosed very strong. STATIONS OF 1 ATLANTA DISTRICT. •Atlanta, cloudy. . . •Chattanooga, cloudy. ••Columbus, cloudy. . Gainesville, cloudy. . Greenville, rain. . . . ••Griffin, clear. . . . •Mnron. cloudy. . . . Monti cello, elotidy. . . Nownnn. cloudy. . . . Rome, cloudy Spartanburg, cloudy. . Tallapoosa, cloudy. . Toccoit. cloudy. . . . West Point, cloudy. Max. Min. 1i 6T ill Minimum temperatures arc for the 12- hour period ending at 8 a. m. this date. 4 ? = ||i Atlanta Augusta Charleston Galveston Little Rock Memphis Mobile Montgomery. . . . New Orleans. . . . Oklahoma Savannah Vicksburg.. .... Wilmington. . . . •Galveston •Little Rock. . . . Memphis. Is? £~ x •Late reports, October 3. REMARKS, ) were 6 to 1C . „ previous 24 hours la most districts. NAMB OF STOCK. Amalgamated Ctapet.. Atlantic Coast Lme. .. American Sugar Ref. .. Anacouda American Locomotive., do, preferred. . . . Amcr. smelting Ref. , do, preferred. . . . Atchison . do. preferred. . . . American Cotton Oil. . Amor. Car Foundry. .. Halt (more Sc Ohio. /(•ratio ruei Ac iron.. Mitral Leather ao, preferred. . . . talc. & Great West'll. General Electric.* Illinois Central. .... Amer. Ice Securities. .. Louisville Sc Ns»!>vllle.. 112 I 113% 140VP Wi 33! St i m $ 22* No closing bids today on account of wire trouble. NAME OF 8TOCIL N. Y., Ont. A Wes ter u. National I.eud Northern Pacific. . . . New York Central. . . Pressed Steel Car. do. preferred. . Pacific Mall Rending. Republic Steel. . . jo. preferred. . . Sloss-Sheffleld. . . . Tenn. Coal A: Iron. . Texas & Pacific. . . . Union Pacific United States Steel, do. preferred. W^at^ru Ualou. Wabash do. preferred. NEW YORK. !• tb .* rna *° id, cotton fa- tures In New York today; Oct. . . , Nov. . . I »ee. . . Jan. . . Feb. . . Meh. . . May . . June . . July . . < 'lowed lllls Ml £ 10.20 10.57110.10(10.45110.41-50 10.00 10.30 10.00 10.30 10.43-46 10.20110.54 10.04 10.46 10.46-47 10.23 10.55'10.07)10.46 10.46-48 10.22 10.47 10.22; 10.34; 10.56-58 110.32 10.67 10.22 10.60110.6J-62 10.41110.76 10.31110.66 10.65-67 10.30 10.50| 10.60; 10.60' 10.67-69 10.09-10 10.0d-os 10. OS-09 10.12-13 10.21-21 10.26-27 PXr.-3.5 - ... .... .....I,-.. 10.33-4*> l 10.35[10.76il0.35;10.76 10.74-76i10.43-45 LIVERPOOL. Close: Futures opened quiet and steady. Opening Previous ”ange. Close. Close. October... Oct.-N’ov.. Nov.-Dec. Closed steady. 3 5.C6* .5.454-5.48* 6.61* 5.64 f .5.77 -3.40 5.634 6.55' . .5.48 -5.50* 5.534 5.56' . . .6.59 -6.524 6.554 5.5S* . .6.53 -5.554 5.58 5.61 . .6.54 -5.564 5.594 5.624 ....5.56 -5.59 5.614 5.64 . .6.58 -5.604 5.624 5.65' NOTES ON GRAIN Pointers on ProvlalooB. 000 bushels of wheat l»e1ng sold for export at th** Atlantic nnd Gulf ports were made yesterday. It covered the business of two days nnd Included 400,Ott) of No. 2 hard via the Gulf. There were also sales of red winter st York. Export sales of et*rn were 56,000 and oats 30,000. Cash business In Chicago was only 10,(MX) wheat, 50,000 corn nnd <5,030 oats. A bear pool In cotton has been active In New \ork all this week. It sold 100.000 Imles on the advance a few davs age, which the market took nnd went up nearly 50 points more, lesterduy was realizing day and prices dropped SO to 40 points nnd clos ed within ii fraction of the low figures. Galveston Is doing the principal export business In wheat. In two (lays It haa cleared 913,000 bushels, while Its receipts were 247,000 bushels. Seaboard Interests tverc sellers of wheat here yesterdny In nn effort to force prices down to a point where they could reach export bids. Trad ing In May pork has started, sales being made yesterdny at 13.50, which Is on a basis of |5 for hogs. For eight days rain has been falling throughout the Mississippi valley and reports coming In from Isolated districts say there bns been heavy damage l?..V ot .V >n nnd oorn. John W. Eldrblge, of Hill House, Miss., and Walter Clark, of Unrksdn e, Miss , president of the Missis sippi division of the Cotton Growers' Asso- elation, estimate the damage to the cotton crop iu. Mississippi at 25 per cent." FrIce Current says; "Westher for the post week was less favorable than previ ous for securing corn, the rains being help- ful where whent seeding was not complet ed, also seeded portion enlarged area of whent Indicated. Farmers expecting higher wheat prices more than otherwise.” .1. H. Ware says: "Though s bullish sit- jUMlon was slowly developing In corn, frost has held off practically everywhere and this mild weather Is uot properly curing the crop. Iluy oat* also.” light; some buying 111- muir KcctTlof Vonwt;'nlUnc mostly Pit ’* NEW YORK COFFEE MARKET. Temperatures than fo '*■ There In other districts llv 1 be rainfall the irero light. J. I*. MARRURT, Section Director. GIBERT & CLAY'C DAILY, COTTON LETTER. New Orleans, La., Oct. 4.—The de- mnnd (or spot eotton slni-e the present advance began has Increased In the foreign market to such proportions that options have been restrained from fully responding to declines In the American markets. ’Options closed three points lower, while spot sale* amounted to tn.nni) bales at a decline In quotations of 12 points. Despite the unexpected strength de veloped abroad opening prices In the local market were In no wise affected, and under the influence' of a favorable weather map a fair decline occurred. However, the severe punishment meted out to *horts of late has caused them to he extremely cautious anil even nervous. This was exemplified when the wenther forecasts for tomorrow were published. Indicating further wet weather. Immediately there set In general buying to cover with a con sequent rapid advance In prices. Nevertheless, there developed In the GIBERT & CLAY * ALABAMA ST. New ** c b*ng«JNsw Orleans Cotton Exchange. Chfcsga Etos N«W Yoru r£U on SS Icb * n **M N>w Orleans Block Exchange. Liverpool Co 1 org Coffee Exchange.|.\>w Orleans Board of Trade.|l»alveston C« i.... . . _ Private Wires to all Exchanges. .. ***' «"* L*n fl Distance Telephone 5298. W. R. FAGAN. Menenarv ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. • Bell Phone, Main 858. ATLANTA. GEORGIA. STOCK*. BONO*. COTTON. CHAIN, COFFEE, PROVISION* ATLANTA. OA. Cotton Association Cotton Exchange New York. Oct. 4.—The coffee market opened steady at an advance of 5 points, and Increased the gain to a matter of 10 #16 points during the early session on a scattering demand, In the absence of Im portant offerings. Huylug was encouraged by valorization news. Trading was not active here, nud innratlvely small buying orders were hard to execute at the market.—Glbert 6c 'lay. Following Is the opening range and close of the New York coffee market for to day: Opening Range. January 6.69-6.70 February. 6.66-4.76 Close. 6.70-6.75 6.76-4.85 CLOSED LOWER CHICAGO GRAIN MARKET. WHEAT- Doo 754 May 794 CORK— Dee 43 May 43* July 44 OATS— Dee 344 May..... 364 754 794 $ JT4 44 44 34% 34% 35% 25% 314 33?k .eARD— Oet.... 8.95 Nov Jan. SIDES— Oct.... 8.20 ... 8.95 8.95 8.90 8.924 8.924 ... 8.574 8-574 8-50 8.524 8.874 ... 7.924 7.924 7.90 7.924 7.90 8.29 8.074 8.15 8.25 4m 7.29 7.15 7.20 7.17% ASH WHfcAT- No. 2 red 7I%«74; No. 3 do 720734; No. »r 7C(g78; No. 3 do 72075. 2 hard winter CHICAGO CAR LOT8. Wheat Corn .. oats .. Ilog, .. Today. Tomor. LIVERPOOL GRAIN MARKET. _ lower to unehniigod. Corn—Open, mu-hanged; 1:30 p, m.. un changed to 4 higher; close, 4 lower to un changed. THE PRIMARY MOVEMENT. The following figures give the primary movement of wheat and corn today: Whent—Receipt* 1,946,000 bushels, against 1.431.000 bushels last year; shipments 608,- 000 bushels, against 415,000 bushels last year. rorn—Roeelpts 329,000 iMishefs, ngnlnst ..i,000 bushels last year; shipments 251,000 bushels, against 325,00) bushels Inst year. N0RTHWE8T CAR8. May June July August Keptembor. . . October November December Closed steady. . ...6.90 .. .6.85-6.90 .. .6.96 7.00-7.05 7.05-7.10 7.10-7.16 7.16-7.2) 6.60-6.65 6.60-6.65 6.65-6.70 WARE & LELAND'S DAILY COTTON LETTER. New York, oct. 4.—To properly un- deratanil the present market It I* nee essary to state that when the option list passed 10 cent* early In the week. a number of operator* »old abort on the theory that a reaction could be expected at any moment. When the covering continued and whirled the market to !0 1-2 these operators unit ed In bringing about a decline In order to enable them to get In their cotton. A* the mnrket had advanced a cent ami a half very fast and the short Interest had been greatly reduced. It wa* not difficult to bring about such a decline, A bear raid nt the close la*t night and another this morning carried Decem ber 55 points from the high level and in about two hour* this morning a reeov- erv of over a quarter of a cent took place. When the short* found the mar. ket could be driven no further, they began to buy and prices ran up very sharply above 10.30 for both Decem ber and January. A feature of the day was the advance In October of *ome 8 or 10 points over December nnd an ad vance tn December to within 2 or* points of January. As long ns this situation continues efforts to depress the future market are likely to prove unavailable. The market ha* all the earmarks of a bull market nnd should be treated as such. Some very good people talk much higher prices event ually. local spot situation ronsldetahlo In quiry for cotton. ^ hlch Inter became an Insistent and this healthful nn«l nawly created Influence was also largely responsible for the higher levels attained. The weather also continues »xert considerable control over the movements of the trade. Already the belt has e.\|>erience<l too much rain, and where damage has not actually re. suited serious delay* In Held work have occurred. is following ugures give the northwest of todsjr, Tsst week sod last year: Last Last Today. Week. Year. Minneapolis 408 296 721 Duluth 301 SS0 228 C. E. Cofman, of Bainbridgo. Bpeclal to The Georgian. Balnbridge, Ga., Oct. 4.—C. E. Cof man died here on Tuesday. He had been III with fever for a week when complications set In which caused his death. He hnd been cashier In freight department of the Atlantic Coast Lint here for two years. Mr. Cofnmn was 25 years old. Ills remains were car ried to Pulaski, Tenn., his old home,- for Interment. NEW ORLEANS. tures In New < Oct Nov Dee Jan Fell March. . . . May June. . . . July, ! I: 10.31*10.75 10.39) 10.86 Closed i$3i « 10.45-47 10.48-49 10.57-58 10.63-66 10.74-75 10.79-SI l".!'' 92 10.00-02 mm 10.09-1! 10-11-12 10.20-21 10.26-2* 10.38-39 10.48-49 10.53-5*7 10.58-60 SPECULATIVE MEN GOT A SETBACK New Orleans, Oct. 4.-The Times Demo- crot says: "There being no tension, the fury having spent Its force, yesterday's cotton mnrket supplied needed opportunity for the catmint ton of inkaca. America hav ing hacked the bearish view, Americans north and south paid the piper a pretty penny,, nnd, as n consequence, budding de sire for non-professional speculative Inter est has been squelched. The talent, p»s- sensing thicker skins, will recover the soon er. Meanwhile, the spinner nud the foreign er generally, appear to have profiled Im mensely on the rise In values, nnd now probably have less to worry over than here tofore. "Prospective good weather, logical reac tionary tendencies and the belief that the Interior will offer cotton more freely, sent values down for n net loss of some |2 a bale. Rut the small speculator hnd hnd his fill, nnd Interest wns lacking ni times. The situation Is now Involved by the fact thnt New Orleans spot cotton at 10Hc, when compared with the distant month option premiums, look* cheap enough. Hnrnnnnh quotes the actual stuff at 10 316c, while Galveston, with nn early nnd large move ment, Is selling it at 10%c. The outlook Is not clear. The weight of ronl cotton, In the nbsence of continuous big demand, should work against the price. The obi landmarks have been obliterated, nnd the lence of the speculator of today Is made TIPS FLASHED From Wall Street up largely of such stuff ns drenius made of, and affords little guaranty * preelntlve safety."—Ware £ Lelnnd. Jams* Gatman, of Gadsdsn. Special to The Georgian. Gadsden. Ala., Oct. 4.—James Gat man, aged 65 years, died At his home near this city. Monday, after a short Illness. Mr. G&tninn was n stone ma son by trade and built the piers for the Coosa river bridge In this city nnd many public buildings throughout this section of the state. He Is sur vived by n widow, one daughter and four sons. SOUTHERN EXCHANGE Olde.t E»t»bll«h«d Office South. COTTOH STOCKS BONDS GRAIN Ground Floor Oould Bulldliur. Delly market tetter and market manual mailed on application. • L. J. ANDERSON & CO Bankers and Brokers, COTTON. STOCKS, GRAIN Comspondint's Capital $250,000 BCrCRKNCk. TH* NCAL BANK PHONE 1*17- PRUDENTIAL BLOB 3i Compound Interest li the rate your money will draw If deposited In the SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION ! Safe Deposit Boxes Private Wire to Glbert A Clay. New York, oct. 4.—Disappointment over several features Wednesday may be ef fective lu producing through sentiment some further reactloaanry «j»eintlon* laa the stock market, but we atrougly. ndvoente the purchase of good stocks on this reac tion when weak, although we ugnln caution you against buying on the bulges or belaag greedy tor more tlinn reasonable returns, as the market Is professional, more ho than It haa been for some weeks, but with the prospect of Increased outside Interest ... deal announcement,, a higher divi dend on Atchison, etc., were stronger than generally supposed, nnd sentiment In s pro fessional market is often easily upset tem porarily. but we have strong evidence of In side buying on n scale down, and belteve thnt offerlnga will be few when the short interest ’ that wa* extended yesterday at tempts to regain Its stock. The New York Financial Bureau: Strong buying of Southern Pacific is reported# with tips that the stock will sail higher soon. Hnrrlmau Interests bought I'nlon Pacific on Gils recession, nnd we think It should aell shore 2)0. Atchison might be left alone till It find* Sts level under the new conditions involv ed by speculative liquidation, but some support was reported toward the close. Copper tfinula be bought when weak, n natural recession taking place. Smelting seems to us. In a nnfurtil reac tion, but we would buy It when weak. St. Paul la lu the trading posltlou aa yet, meeting some stock toward 177, with sup port toward 170. Good iniylng of Erie occurs. Pennsylvania well held, nnd should be taken toward 141 with a small stop, If de- slre«f. Support Is report by Vpeclnllst In Rend big " ' A Wo would take It when weak only until the absorption of the stock around the 48 level occurs. We continue bullish on Canadian Pacific nnd Baltimore and Ohio. Dow-Jones' summary: American stocks In London firm, 404c ,l, i»ank P of ^iigland rate unchanged. Cuban situation still peaceful. Foreign money market situation proved. United States Steel unfilled orders larger than ever. Light demand for stocks in loan crowd. dend by Bethlehem Steel at tho next direc tors’ meeting. On present Amalgamated Cooper next year should l»e 126,000,000. Expected Northwest stockholders will gst rights on new issue. Gold movement now totals 640,000.000. with $17,316,000 of engagements still to arrive. Canadian Pacific earning* for fourth week f September Increased $398,000. Twelve Industrials declined .20 per cent. Twenty active railroads declined .18 per cent. _ — “ay see some ny, owing to disappointment over Atchison dividend, and failure to announce ore deal, but believe It will provf temporary, nnd recommend buying on soft spots. . Chicago. Oct. 4.—Buying orders will prob- nbly be sent In on tne slight advances In London and the blank rate unchanged at 4 per cent. Enough disappointment over the Atchison dividend to create lower prices for the shares, a disposition being shown to switch over to Southern Pacific that Is more highly regarded as a 5 per C *Advf<* , es ,, froni U weU posted parties are bull ish on Rteels despite the delay In the deni and look for good buying In the common on dips. (Toppers do not show good action and It Is possible that they can be bought lower flown. Present Indications favor a good bank statement.—War* 4k Lelnnd. REALIZING OF PROFITS WA8 CAU8E OF DECLINE New York. Oct. 4.—The Sun says: "Real izing of profits hnd more than anything else to do with the decline here and In New Orleans and Liverpool. Thar* was nothing surprising about that, after the almost phenomenal advances of 1st*. Not a little of the selling, however, both at home and abroad, was against actual cot ton transactions. Rears were emboldened to sell again; the New Orleans estimate for today is rather Inrge, even of those for Houston nnd Galveston are not. and the weaker tnke It all In, and there waa levs threatening. "Yet some ruins were reported In the central portion of the belt, and also lu the Atlantic states, nnd reports are per sistent thnt the recent big storm did s good ileal of damage. I|ow much is not easr to determine, but bears Insist that oven If what they regard ns an extreme estimate of dOO.OOu bales, should prove true, there would still l>e nn nmple supply to meet the world's requirements, and leave a good five days. Hulls, however, maintain that there Is still a very largo Interest of this sort on both sides of the water, nn could l*e forced to cover, ■houki unu weaim er again set In or anything else occur se riously to alarm luterests which Include a good many people of Importance In the cot ton world. "Wall street and other bulls, the South, New Orleans. Liverpool, and, In fact, pretty much everybody who operates In cotton, sold not only ItecsuM the weather In the main was better, but also because a rcac-. tlon seemed to lie due after a rise of 15) advance of 4 cents ^ _ points. Manchester spinners are evidently J price paid tor thla yei more dispose.! to buy."—Glbert A Olay. * * y GENERAL LIST RULES STRONG New York, Oct 4.—Real buying and real selling alike were at a minimum in today's market. Such operations oa those were originated with the profes sional traders, and among this class there appenred to be a pronounced dl- vialon or opinion as to the Immediate drift of prices. At some moments the market presented an appearance of heaviness, and at other moments an appearance of strength, but the fore noon In reality was occupied with a series of fitful fluctuations within an extremely narrow range. Neither faction of professional deal ers, one working for a rise and the other for a decline, seemed strong enough to moke any headway, and by midday prices were within small frac tions of where they left off last night. The failure of the Bank of England directors to advance the discount rate helped the foreign markets, but had little influence here. With the set tling down of call money to a 6 per cent basis and with the almost entire disappearance of the premiums on time loans, the money question no longer played a part In speculative calcula tions. New York, Oct. 4.—Stocks irregular all through the flrst hour, aud strength display ed lu various groups. While a number of specialties were decided!/ weak. United Hfates Rubber was a prominent feature, selling as low as 494c, against 644c yes- terday. The Ilarrlman stocks continued In ar gent demand. The buying of these Is sues and Ht. Paul apparently came from one source. Government bonds unchanged; others Ir regular. LONDON 8TOCK MARKET. STOCKS- Anacouda.. . . . .. .. .. Atchison Canadian Pacific. . . . Chic.. Mil. and Bt. Pant... Erie Illinois Central Louisville and Nashville. . Reading Pennsylvania Southern Pacific Union Pacific... ... .. .. United States Steel. . . do. preferred. . .. . STOCKS REVIEWED BY NEW YORK SUN New York, Oct. 4.—The Bun says: The stock market was generally weak yester day, nearly all the prominent Issues declin ing to a greater or less extent. Ths pre vailing explanation of the fall was the speculative dlsapoplntment that existed over the failure of the directors of the Atchison to Increase the annual dividend on the company's common stock «at their meeting yesterday to • per cent. Ultra con servatism has. It seoms. triumphed In the Atchisons' counsels, nnd there can hardly be any doubt of course that In the long run vesterday's decision will not be regretted. The development led to a considerable essenl * — mated In the the price opper dividend would be eohtrged tear future, while a sharp fall In e of United States Rubber com-. active, waa taken as an Indication that these stories bad not bad an over-stable foundation. Finally the rank and file of market oper ators were nlslnly perturbed a little over ths lack or an official announcement lu the matter of the supposed lease of ore lands by the Great Northern railway to the United States Steel Corporation. Whether as a result of these factors or from the mere sweeping over the market of a waive of pessimism, started by unseen causes, there was largs selling of stocks throughout ths day, with a final record of losses lu prices at the close, sa described.—Glbert 4 prices Clay. THE 8UGAR MARKET. raw sugar market steady and micbnng John Robarts, of Sparta. Special to The Georgian. Sparta, Ga., Oct. 4.—John Roberts,' one of the most popular young men In this section of the state, who has been confined to hla room for the past week with malarial fever, succumbed Tues day afternoon. Mr. Roberts' condition % up until a day or two ago waa not thought to be serious. Placing Orders for Tobacco. Special to The Georgian Balnbrtdffe, Ga.. Oct. 4—Next year promisee to be th. b*,t In th. hUtory of th© county for the farmers in the tobacco aectlon. A. Cohn A Co. and other tobacco companies are already contracting for neat year’s crop at an per pound over the year's crop. WM. L. I'EEL, President ROBERT F. MADDOX, Vlee President JA n )2& A i i, L®MS? r c.,b,.r. JAH. P. WINDSOR, Aeeletept ceehler. IIUDDOX’RDCKER 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. CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You ore Invited to cell and Inepect our quartora and Invaetlg.te our facllltle. to torve you. A hearty welcome await, you at thla bank. A8A 0. CANDLER, Proaldent. W. M. r.'.TTERSON, VIee-Prat. A. P. COLES, Cathfar. JOHN 3. OWENS, Vlce-Prea. WM. D. OWENS, Aaat. Caahlar. For rent tn our vaults 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 invite you to call and inspect them. Title Guarantee and Trust Co. HUBBARD BROS & CO., Sis Atlanta Officea, 219*221 Century Building. Member. New York Cotton Exchange, New Or■ Icon* Cotton Exchange, Llv et pool Cotton AttO‘ elation, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Butlneae solicited for the above exchange*. Direct wire service. Correspondence Invited. Phonea 454, Long Dlatance 39. A. S. Huetace. Mgr. w ATLANTA NATIONAL BANK ATLANTA, GA. C. K. CURRIER, President. A. E. THORNTON, Vice-President. H. T. INMAN, Vice-President. OEO. R. DONOVAN, Caihler. JAMES 8. FLOYD, Au’t Cashier. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage.