The Atlanta Georgian. (Atlanta, GA.) 1906-1907, October 16, 1906, Image 13

Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN. TUESDAY, OCTOBER 14, 1006. 13 COTTON m M IIEMO SESSION Liverpool Was Better Thau Had Been Expected at" the Opening. CLOSED SHARPLY OFF flew York Offered Slightly Lower, Later Turned Weak and Declined. v.„ York, Oct. 16.—The local cotton market opened steady, up 6 to 9 point*, immediately after the opening the Eng- Uh market eold oft 6 points, which would have made a very weak feeling £ere were It not for the weather newe. Liverpool furnished the American eotton with another surprise this morn- i-p m fact. It was a double surprise, the (lrst being an'advance of 2 1-2 to 4 Mints, "hen It was expected to show lecllnes of from 6 to 6 points, and he second a loss of the early advance. The rise wae apparently the result of American manipulation—the decline be ing brought by liquidating rfales. The close was weak at about 13 points "Slowing Is tne rang# In the actlvs la urerpool Bsssssar;*. v.-sa {ft ta Spot sales sggregated 7,000 bales at decline of f points, making middling 154 The opening In New York was dls- ,ppn!nllng. though advance# of from 4 to 10 i in'* were shown, being barely 1 response to the Liverpool early ad rsnee. The Initial prices were practically the highest of the morning session, prices starting downward Immediately after the opening, commission houses and room traders having considerable cotton for sale. Later on general selling from the South and Liverpool, together with hammering by floor operators, the tone turned weak and prices declined rapidly, catching some step ordora on the way down. Mr. Fries does not understand the situation, Judging from the following wire from him today: “I have been at a loss to understand the heavy selling In New York with which the strong Liverpool markets of the past few days have been met. It ha* come for the most part through McFadden's brokers, and from what hear and aee thla morning, I am of opln Ion that the bull clique In Liverpool are holding up that market while liquidat ing their New York lntereat, which waa very large, under some under standing with New York.” A private wire from New Orleans says: ''Bearish sentiment Is strong, and the market will be hammered severely on anything Ilk* good weather. The sell ing this morning Is due to the fact that the weather map la better than ex pected." Comparative receipts at all United States ports: Net receipt! today - 83,060 Same doy laat year 09,064 NEWS AND GOSSIP Of the Fleecy Staple. M*M* Wtota. Glliert A Clay. Oct. 16.—Liverpool opened 214 to 4 higher. Expected 5 to 6 lower. We •hould open nlwut 16 to 20 higher. ,,ifc»tp«d cables; "Advance caused by limited offerings. Further rains reported. v..£*.9?. r . mob, shows cloudy weather all leaterilay s lellera good buyers. UtHe , R e ock < dlstrt l et 1 ‘’ Bht ““’' rer ‘ "" c^Tod'rfer out bU the ,rom An official atatement in the Cron Be- Just Issued. says there will !»e no conaitlou report as of date of October 25. The next report on cottou to In* Issued by the bureau of statistics of the depart ment of agriculture will lie estimate of season's production made cemlior 10. The Commercial says: “If a decline should really once get started there are many reasons for believing that It might be sensational.” Carpenter, Bnggott A Co., sny: “Trade editions of the world, along with the re cent weather, hare been favorable to the bull side. We must admit* that we are puxxled. The market Is sensitive and wide fluctuations mny be expected, so that It is no time for operations on n ‘shoe strlni ‘ margin. Investments oa with success on every “loves.** Dick Bros. A Co. soy: “Kvertyhlng de ends upon the weather Ir “• * future, but It should also l , that high prices will tend to retard con sumption. and that the lo r "* ‘ Is showing in many ports nlshes^ another argument against high quo* m — ... "Every evidence of solid strength was visible In the dry goods market on the openlug yes terday. The malls brought In checks lu plenty, showing that October dntlugs were being honored and also many' renewals of orders given some time ««r». not to spe * of many new orders. With credit on _ high level supplementary demand large and the general demand quite beyond anything looked for at thla time, the confidence ex ressed In all quarters of the market ears to be of tne healthiest character. There Is plenty of cotton for sale, but New Orleans and Liverpool nre buying ow- Edited by Joseph B. Lively MARKETS Mr. Lively*! twenty-flvo years* experience of ed iting markets in Atlanta and the South has made him a recognlred au thority In Ills specialty. TIPS FLASHED From Wall Street RANGE OF NEW YORK STOCKS AND COTTON MARKETS • eelb Increase Total receipts for three dsys .. 8ame days last year . 22.206 . 907.344 . 169,111 Increase Totnl receipts sine* September 1.* Same time last year .. . 38,233 .1.648,153 .1.775.119 Decrease .. „ . . 226,966 MOVEMENT AT ATLANTA. Receipts today ,, „ .. .. 1,528 Same dny last year .. *• 1.029 Increase .. .. \. ,, „ „ „ * Shipments today .. .. .. .. .. .. • 8aaie day last year .. .. 499 .. 1,600 .. «fl Increase Jtock on hand today .. Bnme day last year .. 1,330 Decrease .. .. „ ,, ,, f , ,, . .. 4,653 estimated receipts tomorrow. 1906. 1906. N.w Orlenn. 10A0O to 12,SM 6,046 <!nlve*tnn ltbOO la 15.00) 9.652 Houston 22,000 to 23.000 10.019 In the late afternoon there was a re newal of strength In the New York market, due to a better tone and eome buying ordera from New Orleans. Short* also were covering. At the do*, the tone was steady,' with prices net 7 to I points lower. SPOT COTI ON MARKET. I.lrerpoel spot cotton easier; middling Mends 6.61; sales 7,000: American 9,400; •peculation nod export 700; receipts 14,000; ‘merfran. 9,100. Atlanta steady at ll'A. New York quiet at 11.25. New orlcsns steady at 11H. Sales 1,860 •silvered on contract 100. . Aufii.ta steady at 111-16. savannah quiet at 101516. ft. lamia steady at 11*4. Ibmaton quiet at 11 5-16. “let at 11.40. nnltltnore nominal at 1114. • Wiestna steady at 116-16. } -M'hl* steady at 11!*. M'Oille quiet at 11. tdiarlcstmi steady at 1044. COTTON 8EED OIL. helnhcr Noremti.r, , . Pecrmher. tjousry Mirrh. July. , . . . '■|e*e,l steady. ’ s,l ». 100 November at 26. the sugar market. •tew York, Oct. 16 —luteal and reflned and K,, H ,n *; r markets atcady and unchanged. !s& iraf""* ° c,ober *• local trader*, led by Wllaon. and atop-orders are being rear ew Orleans. Oct. 16.—Liverpool about 5 up furnishes another surprise. Was due 3 to 4 down on New Orleans and 6 to 6 down on New York. Wo should open 16 to 18 points higher. Liverpool cables: “Large speculative ders were put on the market, cansing the advance. Offerings from Amerlcu were very light.'* off south Atlantic coast; will cause high northerly winds on Florida and south At lantic coast. Our traveling representative wires from nliitnlsisa Mini ■ “Ton n#r i>ont will rover tnres nre lower. Waco wires ns that cloudy and cdol and looks like more bad weather. Private Wire to Ware & Lelnnd. New York. Oct. 16.—Liverpool opened steady 6 down on near and 7 down on late. Spots 5 down, at 6.54d. Waa due to come 8 to 6 down. New Orleans. Oct. 16.— Cables are taxon l»le, anil, together with unfavorable wenth er, should cause an advance of 8 to 10 points on our opening. Telegrams from Houston sny that railroads are suffering from washouts due to heavy rains In east Texas. Very little rain fs Indicated on the weath* er map. Temperature* are moderate. HEDGE SELLING WAS A FEATURE New York, Oct. 16.—Tile Sun snys sharp ndrance here due to a rise of n half n nt In Liverpool and very heavy rnins In Texas. Oklahoma nnd Indian Territory over Hatuntayand Sunday were partly loat ouder the Influence of heavy idling. A good many people think the market n Utile too wild. They think a rlae of *10 a bnle dis counts* n good deal. Meantime, the re shorta was less urgent. The.outside pith- lie hesitates to take bold. The trailing waa, therefore, mostly profeasloual. New Or leans nnd the South sold. So did room operators nnd YVa'.t street. Mtieh depends itpdn the weather, ft will have In ho good to raise the crop needed t<> meet n world's consumption, which Hester estimates at something over 12.gSO.OOO bale*. the figures of last year. Hulls think It will he. nt the very least. 12.090,000. The market haa been somewhat overlmught. bnt hnd weath er would he likely to send It to n much higher level, despite all oppoaltlon from — ifeislonala. With favorable weather. It Itkolv to aag: lit leaat, for n time."— Glbcrt & Cloy. New Orleans. Oct. 16,-Tho Times Demo, cnit snys: "After causes underlying the troubles that now beset the middleman nnd the speeulntor. the tnlent Is apt to over look the faet that the eotton market la n piece of delicate inarhlnery Inatl- ,M.™ by the trade in order to facilitate the trausfer of cotton from the Helds to the aplndlea and ultimately luto the bands of the cloth merchnnt. anil on the hack of the wearer of elothes. and not merely an luxtrument to be made dm of by the long or the abort, aa the ocntalon require*. The ramlflentlona of. the market are bc- wllderlng In their complexity. Therefore, the average trader or operator is the more liable to confuse effect with onnse than be la to segregate them In hla quest for truth. Enperinlly la this true, now that the pow er to arbitrarily regulate certain difference* nnd prlee-sffei’tlng factors has been liken from the inlddlemsn by the expansion of the world'* demaigl. nnd the development of bualnean methods on the farm*. The altered order oj things has been .brought about gradually, bnt the world dbl not be gin to understand that new history was firing mode until three or four ye- v the interior doe* not bl'g tl tnko tts eotton, but rather tli seeks the seller nt elo*e range, tenn* they agree npou Invoke i fendnltsm anil mtxjjnnm trade dern ply democracy. —TV are & Iwlnud. NAME OF STOCK. Attaott. American Sugar Ref. ,. Aaaconda. . American Locomotive.. . do, preferred. . , , Amer. Smelting Ref. . Atchison . do» preferred. . . . American Cotton OIL . Amer. Car Foundry... Baltimore & Ohio/. .. Brooklyn Uapld Tran.. J*j"«dlan Pacific. . . Chic. A Northwestern.. Chesapeake Jc Onlo. . . ch,^ p £*n.;,v Ch e.. MIL A St P. . . A Uuilsou... Erie * f * ^rrurl'-i.s,.. do,’preferred.’.’ Geuerni Electric. . . . Illinois Central Amer. Ice Hecurltle*. .. Loulavllle A Nnfcbvllle.. Mexican Central Missouri Pacific. .... Totnl stock aafeiq today 601,300 share*. NAUR OF STOCK. N. Y.s out. & Western. National Lead. .... Northern Pacific. . . New York Central. . Norfolk A Wextero.. Pennsylvania People'* Go* Prefixed Steel Car. . do. preferred. . . Pacific Mall. ..... Reading. ....... Republic Steel. do. preferred. . . Sloss-SliolTleld. . . • Tenn. Coal A Iron. . Texas A Pacific. , . . Union Pacific United Stale* Steel, do. preferred. Western Union. Wabnah do. preferred. . Wliconutn Central, do. preferred. . NEW YORK. !» th* range In cotton fu tures In New York today: Oct. . . Nov, . , Dee. .' . Jan. . . Feb. . , March. , May.. . June. , July.. i i s is [V; tl.<ri|ll 03I1L02 Closed steady. i a 11.03-06 11.06- 07 11.02-03 11.07- 06 11.16-17 U.2S-24 11.80-31 11.85-37 ILfl » u.ii-ii 11.13-15 11.10-12 11.16-16 11.23-26 11.29-31 11.39-40 11.42-44 11.46-47 NOTES ON GRAIN Pointers on*Provisions. Private Wire to Ware A Lelnnd. Chicago, <K?t. 16.—The wheat market shows un evident short Interest, nnd ns the news this morning is not of a strong char acter we believe wo will aee a weaker mar ket for a turn. Buy corn and oats on any weak spot to ur. ' Lore was a good seller of May wheat The^jjlt crowd took It and are working for Wheat barely steady. Appears to lie a little huylng on the break, but longs are watching closely. Bartlett, Frailer A Carrington sold 200,000 3iny corn nnd still offering more. Oats heavy at start, with long oats com- iff out and no notable demand. Cash wheat In Minneapolis was In fair demand with premium Vic lower. No. 1 northern was 2>ic over December. At Kan sas City cash wheat waa slow sale, with price* Vic lower. Au Omaha message said that a Lincoln elevator sold 6.000 wheat to an Oklahoma mill at 71V4c, Kansas City. This Is about lc over Kaiimi City's beat bid. At St. Louis the cash market was dull at Vic decline, No. 2 red selling at 7o{?76c and No. 2 hard nt 72^876*40. The Hungarian wheat crop fs officially es timated at 190,000.000 bushels, or 33,200,000 more than last year. Contract stocks lu public elevators: Thl* !.nst Last Wheat; Week. Week. Year. No. 1 hard 122,421 122,421 No. 2 bard 698,162 703.833 137,471 No. 1 red 107.602 107,502 No. 2 red 8,047.160 8,010,760 3,196.473 No. 1 northern *** LIVERPOOL. Th. following table give, the opening gag! * Bl1 clo »o. compared with yesterday's Futures opened quiet and steady. Opening i'rerloui Range. Close. Close. ..6.12 -6.12 6.96 6.18 ..6.07 -6.17 6.03)4 6.13 M* am* $ lilv4 §:$?* ..6.06 -6.17 6.03 6.1*3 -JOS -5.J4 6.04 (U4* ..6.08 UI.I4 6.06 ATS ..8.10 -6.19 6.06)4 6.16)4 October. Oct.-Nov.. . . Nov.-Dec. . . . Dec. Jan Jan.-Feb. . . . Feb.-Mitrch. . . Mnrch-April., .. April-liny May-June JuneJuly Closed weak. NEW ORLEANS, .—.—lowing la ths rang* tunea In New Orleans today: Private Wire to Glt>ert & Clay. New York. Oct. 16.—Marshall. Bpader Co.: The influence of most Importance on the lunrkft this week should be the Action of the Amalgamated directors on Uturaday ou the dividend. Uules action Is taken ou lines earlier predicted of n lll»ernl increase In dlMtrlbiitlou the market will feel the ef fect of the dlsappointmeut. It In safe, bow ever, to sny that these shares will Anally receive liberal attention ou those Hues. It Is a trading market. May have fur ther rally today. In which event advise tak lag profits and watting for weak spots to m~~ ^ ; for the advance In Wabash B ■ to eoutluue this week. New York Financial Bureaut Close at tention should be given to the Individual positions, more so now that professionalism and a trading situation .seem to be prom *• nt. Amalgamated C * advance slurp 116, — — r ,.... noted yesterday toward 114. Supporting or ders are reported by soecinllsta In Union Pacific toward 18C. Steel Is exceptionally well bought toward 43, where It may j held firmly, but with checks around Heading In now checked around 166. Bluett lug Is supported around 168; checked «roun< 161. Kngar 1a reported oversold; supported around 134. Atchison support Is still noted around 103. If broken, a sharp drop n 1 ' ‘ occur. A rally of 2fj3 points Is oral however. Canadian Pacific, which waa strong In Loudou today, la supported around 178. It Is said. St. Paul Is sold on rallies by professionals, who report the stock held between 171 and 178. Erie should lie Itought when weak on this recession. A tip Is noted to buy. Central where the trend —ns before stated—la rather persistently up ward. Pennsylvania met some support around 144. necordlug to n specialist, who snys the stock Is chocked around 148. Southern Pacific Is supported at present at 94, with opposition . near 96. Frlrate Wire to Ware A LeJand. New York, Oct. 16.—American stocks lu London Hteady at shoot parity. No Chesapeake and Ohio dividend meeting today. Baltimore and Ohio ordered 76,010 tons of steel rails from the Carnegie cotupauy, Cambria steel and Maryland steel. Total registration for New York rlty about 620,000, n gain of over 16.000 In 1906. Analysis of Missouri Pacific shows no 1m portnut equities concealed. Visible supply of cotton 1,000,600 below WHEAT OPENED IT LOWER LEVEL News Generally Was of a Bearish Average in the Early Trading. Totals 91,702 13,819 .9,066,947 3.332,944 . 692.300 l,10S,05a 1.470.142 . 856.373 3,083,034 3,982,411 THE WEATHER. LOCAL FORECA8T. and Wednesday, with occasional i weather’conditions. have moved southeastward .... .. the sifulb Florida const, the lowest barome ter In this section being nt Jupiter mid Key West. The pressure fontlnuea high oxer the New Ktiglnud and northeastern ntates. The rain area for the past 24 hours covers the Missouri and central and lower Missis sippi valleys. Kansas, southern Florida, North Carolina and the Pacific states. Heavy rnins fell In Arkansas nt the follow ing points: Brinkley 2.08, Montrose 1.64, Newport 1.62, Piuchluff J.60. Temperatures ar * ‘ * state*, the Ohio Mountain and Pacific states, while they nre slightly lower In the central nnd west gulf states nnd the .Missouri valley. Cloudy weather, with occasional showers, la expected lu this section tonight and to morrow. W. A. MITCHELL, Temporarily In Charge. Chicago, Oct. 16.—There were more bears than bulls on the board of trade when the gong sounded announcing the close of the day's business. Declines were .shown of 3-8c in wheat. l-8®l-4c In com and !-8<8>3-8c In oats. Hog products 2 l-2(ft>16e lower. Cash transactions were 15 loads wheat, 10 lopds com and 200,000 bush' oats at the seaboard; 60,000 bush wheat, 70,000 bushels corn and 135,- 000 bushels oats at Chicago. Argentine came In for a good share of the credit from the bears, as the favorable crop news from that section started the early selling of wheat by both longs and tnhorts. Primary receipts of wheat 1,267,000 bushels compared with 1,299.000 a year ago. Corn receipts 637,000 bushels, against 443,000 bushels a year ago. Clearances for the day 256,000 bush els wheat, 163,00(7 bushels com; oats none. CHICAGO GRAIN MARKET. Chicago grain and prorltloa quotations for toq«y follow: Previous Open. High. Low. Close. Close WHEAT— Dec. Jau. July. . CORN— Dec. . . May. .. July. .. OATH— Dec. ik 88 Sg S3 £* a 77* SH Dei*. . . 33)4 SW 33)4 3S'i 33)4 if It. 5 1 PORK- Jau. . .18.77*4 13.77H May. ..13.95 13.96 LARI)— Ocr. . . 9.50 9.50 Nov. . . 8.92V4 8.92H 13.674 13.724 13.824 13.874 13-874 14.024 9.40 8.80 8.174 C ASH WHEAT- No. 3 red, 71012: No. 2 do., 72072: No. hard winter. 72*1075; No. 3 do., 73074. CHICAGO CAR LOTS. COTTON REGION BULLETIN. Wheat Corn .. Oats mcrbltnii time. October 16. 1906. 75th. | Hugs Today. Tomor. ..19,000 30,000 STATIONS OF Temp'ture. ATLANTA^ DISTRICT. Max. |mId. NEW YORK COFFEE MARKET. Following I* the opening ranee nnil ctoso of ttle New lor* coffee market for to* «•»»• Gn.iitne uniige. Close. . . ,6.5'%€.60 6.50-6.55 , . .6.65-6.65 6.56-6.60 , ..6.65 6.6)4.65 , ..6.70-6.80 6.65-6.70 . ..6.7&-6.S0 6.70-6.75 .. .. U.IW-V.9B *• .. ..6.57-6.86 6.75-6.JA ...._ •• ••;;;; 6.0-6.90 6.50-6.86 Shi r>rtoV“r . ..:... . ««4» ?-ih« November Deceml»er, .. .. - Closed steady. ’Atlnuta, clear. •c’hnttnnoogn. «*U*ar. Columbus, clear. . *. HnincsvHIc, cloudy. . (Jreenvtlle, cloudy. . HrlffJi). cloudy. . . . •Macou. p. cloudy. . Moutleello, cloudy. , Newuuu. clear. . . . Home, clear. .... Moartatiburg. clondy. i«Hn|M)osji. clear. . . Toccoa, clear. . . . West Point, clear. if e 4 THE LIVERPOOL GRAIN MARKET. Wheat—Open, *» to *4 lower: 1:9) p. m. M lower: close. 4 % lower. >4 Tower: 1:30 p. m„ H low- Corn—Open, 4 lower; 1^0 p. •; dose 4 to 4 higher. •Minimum temperatures are for twelve-hour period ending at 8 a. u. this date. PRIMARY MOVEMENT. The following figures giro the primary movement of wheat and corn. Wheat re ceipt! today, 1.2*3.000 bushels, ngainnt 1.- 3)0,000 bushels Inst year; shipments today. * ~*rf,000 bushels last today 637,000 bushels, ushels- last year. Hblp- .. • meats today. 439.000 bushels, against 5.'4,- 000 bushels last year. NORTHWEST CARS. Newport, e Pluebluff, GIBERT & CLAY STOCKS* BONDS, “ COTTON, GRAIN. COrFEC. PROVISIONS ATLANTA. OA CENTRAL STATION. MEMBERS! „ _ . ^ _ * Jort fitoefc Exchange.fNew Orleans Cotton Cxchange.|Chfrago Bosrfi of Trade. ’’ Orleans » Uc*l and Lana OI*,»ne* r T*lepho'no BXdU S. FAGAN. M*n*o*r» ’bar leg ton. , Hnlvcstou. . Little Rock. Memphis. . ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 851 ATLANTA, GEORGIA. Dlst. Averages. Duluth, Minneapolis. New York, Oct. 16.—Liverpool surprised the trad# again thla morning by opening 6 off to 6 up, then advancing to 6 up at the 2 p. m. call. Our market opened 8 to 9 up, not lu full relponse to the strength of Llv* erpool; then told off rapidly until the De; cernber option reached 10.91. This weak ness w’as* occasioned by a skeptical feeling pervading the trade on. account of the more favorable weather and more optltnlstle reports concerning the crop outlook. Bulls were selling In large- quantities to take profits, and bears put out big short Hues for a turn. It Is argued that this good weather will cause picking to program rop- Idlv and hurry cotton to the marker* In large quantities to take advantage of the high prices, hence traders were disposed to withdraw temporarily until su more placid view* of the situation can be obtnln- *i|. The weather as n whole continues, er ratic and nt present rain Is threatening fhp eastern belt. Hboubl these rnlus mate rialize It Is likely that we would have nu- other stroug market. WEATHER IN COTTON BELT. Texae-Houston cloudy and threatening; getting colder. Ran Antonio, Dalian and Tyler clear nnd cold. Sherman cloudy and ^Mississippi—Jaekaon cloudy nnd pleas ant. Vicksburg mining. Yaxoo City cloudy and threatening; bard rain last night. Greenville cloudy and pleasant. Sul phur Springs cloudy nnd pleasant. Tupelo nnd Holly Springs cloudy nnd cool. New clear and cool. Troy, Opelika and Selma clear and pleasant. Georgia—Amerleus clear and cool. Macon fair and pleasant. Atlanta partly clondy nnd pleasant. WEATHER FORECAST* Georgia—Fair Tuesday and’ Wedneaday; resh north to northeast winds. Louisiana—Showers In east, fair In west portion Tuesday; Wednesday fair; light to fresh north, wind*. West Florida nnd Alabama—Partly cloudy uesdar. probably rain In afternoon or by nljjht; Weduesdny fair; fresh varlald# Mississippi—Rnln Tuesday: Wedpepdny fair, light to fresh northwest wind*. East Texas—Fair Tuesday nnd Mednw- day: light to fresh north wind*. Aikanaat-Shov.ora Tuesday; Wednesday fair nnd warmer. - w . West Texas—Fair Tuesday and Wednes day: warmer Wednesday. Tennessee—Fair Tuesday, except rain In extreme west portion; Wednesday fair and warmer. money In alght. Bond market gives further Indications of Improvement. Expected plan to retire Wnbnsh dehen ... ... -* **-- -* *-•--•-•—• Monday. Twenty active railroads advanced .06 p4r icent. Town Tonics: The market will In oil like lihood continue to drift during the next few days, ns the bull Interests do not seem ready to support their stdeks aggressively, though they are prepared to steady them In face of hear drives sod are not at all averse to nccumnlstlng additional line# on the recessions. The activity and strength In the Vanderbilt Issues Indicates that an other Important group of capitalists Is In favor of higher prices, while the steadiness of such ns Pennsylvania, Baltimore and Ohio, Rending. 8t. Pan! and the Hsrrlmnn and Hill stocks Is sufficient proof that the insiders do not Intend to let these stocks decline much, if nuy. further In the mar ket. The Bank of England will sjwedlly constant help to conditions In this country. We expect the market to hesitate around the present lerel for a f#w days longer. Influenced by varying views ns to the outcome of the elections. TODAY’S PORT RECEIPTS* The following table shows receipt* at the )>orts^ today, compared with the asms day New Orleans. tlalxoatou. . . . Mobile Hnrannah. , . Charleston. . . Wilmington, . , 1901 15593 42808 1373 urn 1779 88060 •3833 1491 1679 « bear traders encouraged by easier hog ket. Commission houses hare absorbed most of the offerings. Raymond a buyer of January lard. English houses have done some selling. Market sternly on December. Chicago It*’ ~ * wheat f of* corn "wore 75.000 and oata lfO.OOO. The seaboard sold 289,000 wheat, 64,000 corn and 60,000 oat*. Duluth reported good sale* Of wheat for export. 8t. Louis sold 4,000 for export, also considerable flour. Inter-Ocean: Cash business In In Chicago Monday waa 132.000. in g 110.000 No. 2 hard for export. Bales u were 75.000 and oats 110,000. The SOUTHERN EXCHANGE Oldtat Established Office South. COITOK—STOCKS BONOS—GRAIN Ground Floor Qould Butldln*. Dally market letter nnd market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 REFERENCE. THE NEAL BANK PHONE 1417. PRUDENTIAL BLOG INTERIOR MOVEMENT. The following tabm shows receipts al tbs Interior towns today, compared with th# same day last year: Houston. . Augusta. . Memphis, . fit. Loots. . Cincinnati. 40397 3641 2112. 1688 .JXr T,l ; , K w, . <, * r ? ''-fill'll"* to *et tin*. Iff,. Ji ^i£SL* nicsaae to n Tocal Arm “Id. An iterator man here from .outh. western MtMourl Mrs a wrtnua problem In the nouthweet I. the weerll. The etaekl ”lnm.*e "° f ,h * p ""' '* <lolu * «**•» TRADING AT FIRST is 'm quiet Tone Was Strong, Dullness Coming Mostly From Lack of Supply. SOME GAINS ARE LOST London Was a Light Buyer of Anaconda.and Union • Pacific. New York, Oct. 16e—Tlie determina tion to do nothing Until a. clearer view la obtainable of the election, or the probabllltlea, waa more strongly Im pressed than ever upon today's security dealing*. What thel-e was of the mar ket was firm rather thftn weak, but there wo* no business, and changes In the ordinary active Hat was confined to smalt fractions. Abroad the market showed some Improvement, Indicating the protective measure adopted by the banks last week would be found In this week's reports to have been successful. American stocks In London were a trifle up with the rest, and prices went high er at the opening here. But as usual, offerings Increased at the higher fig ures sufficiently to,exhaust what en ergy had been manifested and at noon the market was almost motionless. New York. Oct. It,—Tho stock market opened at nlmoat ceseral fractional Im provements. Anaconda. 5*t. Foul. Bonding and l’reaaed Bteel Car started at )4 higher. I'nlteil sretee fitrel rominoa gitliwtl \ and the preferred end Ahierlrnn Smelting '4. Rpek Inland. Aninlgnmnted nnd Tlnlthnore and Ohio rose H. Brooklyn Uapld Transit advanced H. Fennaylvsnls end Erie were )i lower. LONDON STOCK MARKET. “ Anaconda Atchison do. prsferred.. .. Baltimore and Ohio.. Canadian Paclflc... Chesapeake and Ohio Erie - | 41 1 . 4'i*. do. preferred 1 1 7M, lllnol. Central |i74ji|174H|17tV loul.iillc'and Na.hvllle. . . i,s T Ajl47 |l47)i Mexican Central.. .. 1 a:»i > Missouri, Knnsns sud Texns.l to I do, preferred | TWil | New York Central HoSltd Il4m. Northern I’aeldc IsiTVS Dtarlo and Western 4tjk ...:. I'ennsylTlanli.... 14C, nr.>, it:,:. Heeding hS7'.1153',i5.'i t Rock Island ' . .. — Southern Parlfle.. .. .. Southern Railway 'nlon Pselllff... I'nlfed mates Bteel.. .. .. do, preferred Wabash .. .. do. preferred Denrer end Itlo Grande. ■ w.',i *i5'i SU4 35« 1»7S 117’, 117’i - I 4|,lj 4*’, 108 1108 New Orle«n«.‘ Oct. 18— Manipulation ,.ayed nu Important part In nffectlug oiw ilons nhroad. After an ndrance of 5 point., tKlng prices were 10 points lower thnn aterdar. Hpot sales amounted to 7.o-) —lei 5 Mints lower. Early cable* worn very bullish and attflbnred tin- gtoeral buying to Anierlesn Sud Manchester Inte •till unsatisfactory, rohl and overcast, with a atiperabundance of mol.turc In aome ln- calUlea, nnd. Judging from the offlcinl fore- caata, no permanent or even temporary re lief la Indicated. A* long an the., adrerg* conditions exltt. Ju.t w long wll' the tem per /if the trade continue net-roue nnd ex- utlilt natural concert, nnd Ju«t so long will market prices errstlcallv represent tbs fear of curtailment In the outturn of th, crop. Never,h.le.*, there la s dl*po*ltl,;:i growing, and which has been cancels ly manifested lately In reports from the In. terlor, tbit the next eensn. report will .how a .urprl.lngly Urge amount of cm. ton glnnml. Tela* I. practlcally unudauus In "intending (hat Ihelr llgures will ho hearl.h, and tha large movement dally re. ported lienrn out the contention. .—#ncy will in nil prohabiilty ho inalntstu present ontll census i port is out of tue way. WU. L. PEEL. President ROBERT r. MADDOX. Vic. Prstldtat TIIOMAB J. PEEPI.E*. Csthler. JAMES O. I.EUTKIt, Astl.ltnt <-«*Msr. JAB. 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 For rent In 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. ilratpm Mobile. Montgomery. New Orleaus. Okahonut. . Hnvmitiah. . Yleknbur*. . Wilmington. T Indicates lu appreciable REMARKS. fiouiewbat higher temperatures obtained! over the eastern |x>rtioii of tl»e belt, with iiii material elmitge* lu the western rtls- trlets. Preelpltatlou »»reiirr«Nl over the western half and lu Wllmlugtou dlstrlels; the tali* w.ra hrav (v ,„ Ark., T(?1|Ki ^ ' r « , niK»rnrIljr in Charg#. HIBBARD BROS & CO., uSSfiS Atlanta Office., 219-221 Century Building. Member* New York Cotton Exchange, New Or' jeans Cotton Exchange, Liverpool Cotton Asso ciation, Chicago Board of Trade, New York Cof fee Exchange. New York Produce Exchange. Btxineu solicited fortheaboreexchanges. Direct wire service. Correspondence invited. Phone* 4M, Long Distance 39. A.S. Huatace. Mgr. ATLANTA NATIONAL BANK ATLANTA. GA. C. e. CURRIER. President. A. E. THORNTON, Vlce-Pr«ald*nt. H. T. INMAN, Vlce-Prasldsnt. GEO. R. DONOVAN, Caahlar. JAMES 8. FLOYD, A**'t Cashier. Capital 1500,000.00 Surplus and Undivided Profits >$509,000.00 Wc Solicit Your Patronage.