Newspaper Page Text
■■■■I . I ■
THE ATLANTA GEORGIAN.
WEDNESDAY, OCTOBER IT,
[REND AT FIRST
£arly News Gave the Ad
vantage to t^| Bear
Contingent.
.JfRRJi
NEWS AND GOSSIP
Of the Kieecy Staple.
p to!« . Gt, f'. rt . * etay.
K - __
verpoiil cnhlfi:
lower. Imh- iirV-iime
HP Hhoulil Hill'll 11812 Invert.
“Na“
SlH'l-.
I'Ulllrh bonu.r of liS^KSd
I'.cj'pllniis are n'lllng."
stnte? tt ij , n«™nl. ,ll r e . r i *7 ,h ® *»tli Atlnntlc
In itotml ami wet-
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-fix
of ed
iting market* In Atlanta
and the South hi? made
Mm n rorotfwtttd au
thority lu hi* specialty.
Tit'S FLASHED
From Wall Street.
Private Wire to Ware A I.elnml.
Sew Vciffc. Oct. 17.-Dow, Jones & Co.
•nmuutry:
American stocks in London Arm ftOftc
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
«<£*•“•«« "'"I tomorrow.
IV,,r «r* «PP«1 to
CAUSED slight drop
Renewal of Bad Weather in
the Cotton Belt uaused
Sharp Recovery.
v.w York, Oct. 17.—Influenced by
noor cable*, the undertone of the cotton
m«rket at the outaet tvas barely steady,
2nd prices were 4 to U points lower. In
the English market the decline was
uld to be due to Belling And to reports
of on Increased movement from the
gouth There was heavy selling here
sr local traders, In addition to which
interests st Liverpool put out consider
able cotton. The demand was irregular
and governed more or less by the talk
of larger receipts.
ft ires e hattle between weather ronill-
Hons on the ono itile anil weak Liverpool
•arlr odlvees nml Ur. Prfeo's glnners* re-
oort on the other ne to whether Initl or
hf«r would ranke the prlee for eottoa. At
Unit, the ndvnntnge was with the latter,
me wenknese la Liverpool cuuilng n de
cline of tfflO notate at the opening In
New York, end was followed by a slight
farther slump, duo noasildy to l’rlee'a rc-
mrt of ginning at (be primary towna up
to OctolMT 12. placing the amount at 208,-
00.1, ngnlnnt 190,000 In ISO*.
Infevornble weather reports from the
belt liegnn making their apiiemanee shortly
after the opening. The off act was flnat
noted In the I.lrerpool market, where prices
after their 2 p. m. report stsrteil upwnrd,
the belter feeling continuing up to the
tlnae, nt which time an ndrnnce omr yes-
terday’a dnnls of from 16314 point, wns
[.1.'.','.", ro r:' of . are - • -
hwl than had been geuenillyaup-
Commerce snys: “Theo-
* 6 * ,p j tr «»'*! sells utmost dully:
°» a M* »cnle, If the room IS
rsf? uS& , mmt£ xve * t * tn ~
oTS£rrT>,^ : ■*$? '?”>•« t:;
being, however, the market’s bull side
•*£***• u * V* Kuvo been overdone.”
The Journal of Commerce; “The market
miVi not *w° < J U °°Hou goads for
lieri of l''i" nr '' " , . ,leal irttll, While
users or goods nre In-romlug more nrgi
fjf. »«*rtiy deJirerle*. I» »,>„,<> elfrcc-
irfXMjs. -coapied with
{“? ;i n ^ r A n,u, >; ,n ,h, \ «7>tton market, has
short 0 tfuie rp ndvnucel ** ln * made wlthlu n
a ri s^.t ,r iss.Wn ,,, &j. c,ui1 " 12 *“
The market shows more than ever the
!*? outsldo Interest. The principal buy
ing has l>een by Liverpool and New Or
leans, and on tV „ u
larger lncnl traders nre selling.
'•Snorts covering
advance some of the
Late Liverpool cable:
°n further reports of bad weather.'
Mitchell and locals are buying on reports
- --- western belt. The reported
iQiildfltlon of n large portion of the loug
Interest in the foreign market indicates
the trade s growing tendency.
Liverpool cables: "Market feels the in-
flnenee of bulls selling out their purchases.
I)o not think can give way much nt present
In consequence of the strength of south
ern ninrkef* **
ern market*.'
Today's map Is cloudy, with light sent,
tered showers fnlrly general orer the bolt.
The map In Itself Is not unfavorable, but
Indicates, however, n continuation of un
settled weather conditions.
months
the nctlvo
Open. High. Low.
October- November. .. .$.06 t.06 5.9 7
Jmiunrv-February. . . .5.90 6.03 5.93
March -April 6.03 6.06 6.97
.Mnv-June 6.06 6.W 6.M
The spot market was decidedly weak, the
quotation for middling l*elng marked down
■;) points, equal to 40 American points, to
(.31*1 oa sales of 6.000 bales.
steady, though the fluctuations covered
narrow n “ J *“ **"“ “
slime lie.
Wag mostly ..
believe*! thnC Mr. Price is l»enr
tiiougn tuc nuct'Mtions covered a
margin during the morning well
lie. Speculation U lacking, trading
tostly of « professional cnarneter.
The
liearfth literature,
latest:
lew of the advices I am receiving
with regard to the ginning, and in view
of the furthey fnct that the total Interior
movement for this week and Inst week will
ex<*c«l the movement of 1904. except nt
Memphis. St. Louis and Cincinnati, which
are mvoudnr.v points of mvimnihitlou. 1 nui
Inclined to think that the next glnners'
report will be much larger than I bad pro-
Tlmislv cxpcctmb”
Foreigners think well of eotton, even at
the previous higher figure, ns they hnvo
taken cotton freely from the opening
of the season up to the present.
The following shows the amount export-
with the same time last yenr:
1906. 1906.
Orest Britain 416.068 356.6*9
Frame 107.833 119.356
Continent.. .. 444.444 490,171
Japan snd Mexico..., 8,069 3,460
Totals 978.433 970,050
Comparative reeelpta at all United State*
ports:
Net receipts today,.
Same tiny Inst ytar..
Increase ,
Total receipts for four days......
name days Inst year
Increase „
Total receipts since Reptcmlter 1.
Hame time last year...#.,.., . ,
Decrease
Movement nt Atlanta:
Kempt* today
Homo.day Inst year
.... 46.209
-:iSS
219.990
.... 1.02S
Intense.. .. .. ,,
9hlp»tents bslay. . .
"■we day last year..
iHvrease t
9t«ek on hand today.......
•sate day last year....
becrense ,
Estimated tomorrow:
Nejv Orleans....
>e« Orleans 10.600 to 12,609 8,137
'•nlveston 22.0)0 to 34.000 21.466
,, r ° l V ,< -* w to W.f» 12.475
It looks .as though I Tic * ‘
f bc market. H All his brokers ’nre
S'iLHf Du JWi selling. Hie market broke
New Nork. Oct. 17.—Liverpool futnres
opened quiet, but steady and unchanged »n
near; 1 up on late. At 12:15 p. to.. 4«6
down and easy. Bnles 6.000 spots. 20 down,
at 6.34. Futures due to come 1^2 up.
The New York cotton market opened
nlmnt ns expected. Trade comparatively
light, with cttuimliffiloii houses fair buy-
off bull movement for present.
New Orleans. Oct. 17.—The cotton market
opened easy nt n decline of 8®9 points ou
unfavorable cables.
rabies nre very unfavorable, and espe
cially for it lVediicsdtty. Knot sales are
small nt the Rctisntlonnl decline of 20
points; 500 new tenders da not speak well
for the demand.
ITois reports from New York say that
the dry goods market Is active and flrni.
Harr Ip Jordan wires F. II. Ilnynu: “My
estimate of crop 11.500.000. IMcf ‘ ' “ *
a slump In spot cotton.'*
* not predict
NAME OF STOCK.
AiUHlgitiunitH* Cobptff..
.VAMR of stock.
.JIKHtl
Atlauttc Coast Liuc.
American Sugar ltef.
Anacoudtr.
American J,oct>motlre..
do. iireferred. . . ,
Arnsr. soliciting Bvf. .
do, preferred.
. nreierreu. . • .
Aiucrlciin Cotton OIL .
Amor. Cur Fouudry.,.
Baltimore .V: ublo. . ..
Brooklyn lispld Tran..
titimdliia l'sclfle. . . .
Chic. & Northwestern..
Chesapeake A Ohio. . .
Colorado Fuel & Iron..
Central Leather
... do, preferred. . . .
Chic. A Great U’esfo.
Chic.. Mil. & St. P. . .
Bell ware ft Iludsou. ..
Hlstlller’s Securities...
I •: i **
do. prefMTed. ,
Lfimral Kleetrlc.
is Central.
4UIUUI8 » entrns. ....
Amer. Ice Hccurlttex...
Louisville ft Nashville..
Mexican Central. . .
Mlttonrl Pacific. .
*•«*',*: io* ! ioD*4
u5^j ii5‘r TIN 1 * ur,-i ii N. out. a: Western.
l^ 1 * 1MV* National Lend.
m isi?
35‘i
46 ■
322H
It
Tyj6j WU VRV
150^4 1914 1S0\4| itlU
2104: 21)-%’ 210ft 210^
61*» «0T4
, : 'V
Ip
'S3 'S3
m* &6^
Total stock sales today C93.200 shares.
37ft :
Northern Par I tic. . . .
New York Central. , .
Norfolk ft Western, . .
Pennsylvania
People** tins
Pressed Btee! Car. . .
do. preferred. . . .
P.iclfle Mull
Iteuillng
Bcpublb- Steel
Bock lihud. .....
do. preferred, . . .
Laired states Rubber.
•Jo. preferred. . , .
Southern !*nclfle. • , ,
| Bouihern Railway. . .
• II ao. preferred.
Sloss-Shefl'Seld. . . .
Ten ii. Coni A Iron. .
Texas ft PacICf. . . .
rnlon Pacific
Unit*»i! States Steel.-
preferred.
Vn.-Car. Chemical,
do. preferred. .
Western Union.
Wabash
do. preferred.
a I k» vo partly.
Chesapeake nml Ohio meeting today, but
dividend action doubtful.
Bethlehem Steel directors adjourned yes
terday without action on preferred divi
dend. and meet again today.
Democratic committee of Brooklyn. led
by McGovern, repudiates Henrst.
President Corey, of United Htntea Steel,
NEW YORK.
AD(S IB Cotton M-
il,t.
Nor. .
Dec. .
Jan. . .
Feb. . ,
li
A
5
9
li
11
.10.9911.14
lOJttlll.w
[0.96 11.14
.11.13111.28
.11.21 11.33
11.31 11.31
nlr.. . . -li1.29111.37111.29
Closed steady,
11.06 11.02-04 11.06-07
10.96 10.97-98111.02-03
11.04)11.03-04 11.07-08
1UM3I1L15-17
11.19 11.19-20)11,23-24
11.26 11.26-27111.30-31
11.31 11.28-30 11.16-37
11.17 11.32-34111.39-39
LIVERPOOL
The following flgjrea /l**e the opening
range and dose, compared with yesterday’s
dose
Futures opened easy.
Opening. _ Previous
October. . .
Oct.-Nov. .
Nov.-Dec. .
Deo.-Jan.. ..
Jnnunry-Feb
Feb.-March.
March-April.
Range. Close. Clos<
..6.10 -6.04 109 6.08
...6.05 J.Wft 6.06 6.03^
.6.99 ....
.6.01 -6.9U 6.03ft 6.01
'^ft 6.03
April-May 104^.01 6.07 6.04
NEW ORLEANS,
The following Is the range In cotton fu
Hires in New Orleans todAy:
Oct. .
Nov. . .
Dec. . .
Jnn. . .
Feb. . .
March. .
May,. .
June. .
July..
Closed steady.
| 5 I $ |»j { | | si
! I i 11.07-99
” -• 11.04 ll.00ill.09
1I.I4II.I8II.17-18
! ill. 22-24
11.36; 11.SO 11.38-39
11.60lll.61lll.6042
| 11.66 67
! 11.6042
11.11-13
11.13-14
11.22-28
jUMfihiHVHI
states, causing n decided fall In tempera
ture in the plnfenu region. Temperature*
changes east of the Rockies as ft rule
slight and unimportant.
11.27*29
11.42-43
11.55-56
li.60-42
NOTES ON .GRAIN
Pointer* on Provision*.
Rrowu hid 10.15 for 2.000 T>eceml»er.
The market Is steady nml has nn upward
tendency on bulling In ntillclpntlon of bad
weather over belt. Bpots are firm at quo
tations.
Brown bidding for cotton. T*ooks like he
wants It.
The agricultural department wires the
cotton exchange that It will Issue im No
veniber report, and that Its next bulletin
will be given out about December 19. when
the crop will be estimated.
The weather map Indicates a drtxxllng
rain over a large portion of lhc cotton
belt.
A Liverpool cable says: “Market feels
tlic Influence of bulls selling out. I to not
think prices enn give way much, because
houses were the principal sellers.”
WARE & LF.LAND'S
DAILY COTTON LETTER.
New York. Oct. 17.—There wns another
decline In the early market, due to a break
of 6 or 6 points In Liverpool, but short cov
ering soon milled the market nud prices
ran up 15 points before there wns much cot-
Private Wire to Ware ft Lelnml.
Chicago, Oct. 17.—Cables again come
aid the bulls In wheat and the opinion Is
gradually growing that the value of wheat
Is around prescut prices and higher. Favor
buying wheat, corn and oats on nil dips.
The Northwest Is buying wheat.
Two loenl pit traders ore abort on wheat
and are coming In on strength at Minneapo
lis.
larg<
< v»
;e. nml they ought
former In particular lu hands of brokers.
Offerings light. Trade Influenced by firmer
cables.
This Increased movement of - hogs with
prices 10 to 16c lower than Saturday and a
little talk of hog cholera should have de
pressing effect on provisions for time 1ms-
B»ff* .
f'he Inter-Ocean sars: That nn elevator
i’hlcngo elevator men
sixty days ago, when the Investigation Into
tin* charge that public elevator men were
violating the Illinois warehouse law was
started before States Attorney tfely. Then
There Is said to be sn open Interest In
Octolier lord of 20,000 tierces and a much
larger Interest In November lord. Shorts
have been getting In for two weeks, and
ton for sale, on every advance there
nn evident desire to realise on cotton, but
nt the same time sentiment Is so confused,
the damage by rain nml frost so great, that
demand from spinners
would be sufficient to keep prices nround
this figure for some time to come. In
many ways the market has the appearance
lireM-m, inn mm IIIU »»»»- iiiit*siii1imviiii
that the reaction toward lower figures
would proceed In nn uninterrupted fnnblon.
In fact. It looks very much ns though fear
of next glnners’ report and the low quality
of much of the cotton now Iw-lng picked
until reeelpta become large enough to be n
depressing factor on the market. Rears
are getting a little more confidence, and
for that reason the market may not move
ns rnpblly ns heretofore unless another
•Hfhtly In the late afternoon, the close be-
««<*t 207 points lower thnu yea*
SPOT con ON MARKET.
entdiii solar; mfiMlInt.
'W-.OM; "Btr, 5.000; Amcrtrnn 3.000;
<*1»N re&lpt* 43,000;
Aim rim n 42.500.
Atlsntn. steady at 10Sidle.
^ ork. dull nt 11.25c.
Driesna, firm nt llftc.
Augusta, steady at Uc.
J^ftunah, quiet at ]01S-]6c.
m. Lotils, steady nt llftc.
'ii.lrt st «Ur.
stonily nt 115-lOr,
-.1"", strnrty nt ItUr.
n" ll !!','L or -, nomlnsl it ttV
Si i^ c
«z ;:L k - « ,«hc.
*L«Nlr. Rtmity nt 11c.
' lutrtrnton. Htrmly nt J0%c.
vXii E X Y P R !5 COFFEE MARKET.
of ri , v ff . v h **, rauge nmi close
Ji r> the Npw coffee market for to
Jnnuni v..
l ’ J '6riiflry, i
March
April.. ..
M«i}-.. . '
June.. .
July, .. * **
August..'’*
Gc,rt!„, r ’
Novcnihor
Onenlng
Range.
..6.5'4.55
..6.51-6.60
. .6.9)4.65
. .6.6V6.70
..6.75
,.6.75-6.86
. .6.80-6.86
. 6.8.V6.90
.. .6.95-7.00
Close.
6.30-6.55
6.56-6.6)
6.604.65
6.664.70
5754.00
1004.06
1164.90
1004.96
7.00-7.06
spell of bad weather sets In. We look for
nn Irregnlnr market, and with good weather
should not l>e surprised to see prices work
some lower.
nanny ana com.
31 Isslsslppl—Vicksburg. .Nntrhex and Yn-
:oo Ulty cloudy and threatening. Corinth
md Aberdeen cloudy and pleasant. New
nnd Aberdeen cloudy and pleasant.
Albany, Holly 8prings. Amory nnd Tupelo
cloudy and warm. Meridian cloudy and
Alabama—Troy cloudy and pleasant. Rei
ms threatening nnd warm. Montgomery
raining. Opelika threatening rain nnd pleas
ant.
WEATHER FORECAST.
Georgia—Occasional rnln Wednesday ami
Thursday; fresh, possibly brisk northwest
winds.
Louisiana and Misllsslppl-Fnlr Wednes-
good, but from the continent It Is and
has l*een poor. Brocks bsve decreased
shnrply In Chicago nud the Weat. nnd the
trade looks upon their lard as worth the
money for January, ns October Is selling at
Dftc. ;
nor I hern 2fte over December. There were
good Hour sales Monday. Country receipts
arc good.
WHEAT OPENED
SLIGHTLY HIGHER
Higher Liverpool Cables and
Higher Northwestern
Were Factors.
Chicago, Oct. 17.—While the upturn
In wheat was small, the feeling was
Btrong. The net trains were I-4@3-8c.
Cash wheat was In demand In all po
sition*. 32 loads being taken by the
seaboard, Including >2 loads at Duluth
and 300,00 Obushels c. I. f. Buffalo; 80,
000 bushels sold here and I loads at the
seaboard; 105,000 bushels oats here and
50.000 bushels at the seaboard.
' Corn closed I-8@I-4c higher; oats
were up l-4©3-8c and provisions were
off 3 1-3© 25c.
Primary receipts wheat 1,013,000 bush
els and corn 708,000 bushels, against
1.007.000 and 441,000 bushels, respect
ively, a year ago.
Clearances were 108,000 bushele
wheat, 255,000 bushels corn and 25,000
bushels oats.
CHICAGO GRAIN MARKET.
Chlrngo grain and provision quotations
for today follow:
Previous
Open. Ill3b. Low. Close. Close
WIIKAT-
•Inn
Julf..
m gg m
Kansas Ulty cash wheat was ft to lr
lower, with So. 2 hard 69ft©72ftc nml No. 2
red 70#jT7l*ic. Car situation Is said to be
more eongested than ever.
Uasb wheat at 8t. Louis wns off ftc, with
No. 2 red 7&76c and No. 2 hard 72<fi4c.
Deliveries on OetolH»r trades yesterday
were 15.00) bushels eorn, 360 tierces lard
nnd 100.000 pounds rilw.
On the call bids on eorn to srrtvo yere
unchanged to ftc higher, while on oats
they were off ftc. Kale* were 2.000 No. 9
lM»tfer, year shipment. J9ftc» track.
Chicago; 2.000 No. 3 corn, November 16 ship
ment, 42ftc, traek. Chicago: 10.00.) No. 3
corn. Novein!*er 15 shipment, 4Iftc, through
r.113 f A |W1 V.m * /I.M* •hL.lfllll, »
. CORN- _
Dec 42ft
May 43ft
’ ily 43H
OATH—
Dee 33ft
S
S'H
July K
l*ORK—
Jnn.... 13.70
S3ft
mk
33ft
May.... 13.17ft 13.90
LARD-
Oet,,„ 9.40
Nov..... 8.92ft
Jnn. .. 347ft
I
i i
13.63 13.67ft 13.72ft
18.12ft 13.67ft 13.87ft
MOVEMENT LARGE;
WEATHER BETTER
New York. Oct. 17.—The Run says: “A
J *_ . _
i* jlqulifstlon part
ly on stops. landing bear opera tors were
* ” •" - spot
Interests also continued to sell.' There’ Is
to lie no report on the condition of the
i on November 3, the usual monthly i
being deferred till December. As the
gures were expected to be bullish, this
announcement alone hns bad n more or leu
depressing effect. Then n false report was
circulate*! that there would be no report
on Octolier 25 In regard to the quantity
ginned up to October 13. This falsehood
was nailed by Director North -himself. Rut
the bullish enthusiasm plainly showed signs
of diminishing. The disposition Is to go
more slowly after an advance of 310 n lisle.
New Orleans and Llverjiool room operators
nnd Wall street sold. Increasing receipts
nnd reasonably favorable weather will al
most certainly bring about lower prices.
Hut the world so Irndly needs “ '
food
weather woufi quite certainly bring about
another buying movement nt home and
abroad, which will carry prices upward
again. The dry goods reports continue fa
vorahlt."
New Orleans, Oct. 17.—The Times Demo
crat says: Hneeulntlou exhaustion, some
manipulation, bullish flnsnrlnl news nml re
port* of strenuous activity on the part of
spot people In the Interior kept the cotton
market in a state of turbulence, even
though the trade wns within comparatively
restricted lines. Meanwhile, bullish con
fidence expanded under the Influence of
damage was as great. If not
greater, than reasonably conservative folks
believed. The magnitude of actual cotton
gagements adds to the price optimism.
...j*l ss yet Itenrish efforts to re-lM>oat big
crop bless have failed to create enthusiasm.
But the farmer Is now being advised to
sell freely. The Immediate future will In*
weather and spot situation, the speculator
to the contrary notwithstanding. Most
peonje are convinced that the ndrnnce in
values has been too rapid, but few can Sm
yet. figure on “ *
short operatic
weather had rain — . ..m
the entire belt* Hbnrp reactions would sur
been too rapid, i»nt tew can. os
out any approximate safety In
itfcuis. principally Ini-ause cloudy
id rnln are forecasted for nearly
nines
III* luiliirii rai lollg OS WM*t
r ,«,iniiirs ntv maintained by the interior,
sift Ilojvcc er, with the filling of October coin-
33ft mltinciits. some lessening of the tension
lu the actual cotton market will bo lugl-
* - v*-Wi *
8IDR8—
Oet.. 8.22ft
Lfitk
ii
an.... 7.42ft 7.46
t A8I1 WI IK AT—
1.16
7.40
No. 2 red 73ft«74j No. 3 do
hard winter 7314976; Xiv 3 ilo WU
m xo
CHICAGO CAR LOT8.
f»lBed; Id.OOD No. 3 corn, ten days’ shipment,
44ftc. track, Chicago, nml 13.000 No. 3 yel
low «*orn, November 16 shipment, lift*-,
through-billed.
Wheat stocks nt Minneapolis Increased
260.000 bushels for three days. A Duluth
. ... _sulutti. Kievntor
men nre paying 2c over Duluth l>ei*eu»l»er
nml 3ftc over Minneapolis December, nml
not getting half euougn for eastern mills."
To prevent n corn famine. Governor Ahu-
mndn. of JalliM-o, hns made nn apiient to
the general government of Mexico for the
removal of dutv from American corn for
lAiumiuiiK -MI-4 :: v ", iriiiii.ui ''I v Y*
lay nml Thursday: warmer In north nud ! importation. This request hns been made
light variable winds, be*
Tennessee iind Kentucky—Fair Wednes
day; warmer lu extreme west port'—*
,'exns—Fair Wednesday, with warm
er In north iiortlou: Thttrwlay fair In sontb
showers and colder Jn north Portlou.
Arkansas, Oklahoma and Indian Territory
~ - —i%’*.in<k*.i.iv Thursday
Alntiama and West Florlda-rarUy cloudy
We.lne**lay and Thursday; light variable
winds, mostly uortlicnst.
Kaat Texas—Fair Walncatlay nnd Thurs
day; somewhat warmer In the Interior nnd
' It. «■ i. r lu lit A W ||)dS. I)C-
I*e*"»ilMT. ....
•ioseil steady.
1>64.5>
- ^54.50
6.594.55
extreme North treat—Partly cloudy. 26 to
64 nltove; gen tiered rnlus.
Northwest—Generally elomljr. 44 to C6 de
grees above: rains' In the Dakota*.
West nml Southwest—Gcuerally cloudy, 46
, °nh ) |o r,M VaUey-GencraBy dear, 54 to 6)
above.
GIBERT & CLAY
" «■ *USAMA »T.
BONDS,
COTTON. GRAIN.
COFFEE. PROVI8ION*
ATLANTA. OA
petition from the hind uc** men
.ImIIbco. The corn crop in that section .
Mexlc*» Is reported to Im* very light, owing
to the many floods this year. Governor
Ahmundu says there will In* a shortage un
less some remedy Is taken to relieve the
situation. There Is n scarcity of corn In
many other Mexican states. It Is reported,
due til no to the floods.
Private Wire to Glbcrt & Clay. . .
fhlcago. Oct. t*.—The health fulness of
the actual ciihIi wheat situation a serfs Itself
on the soft spots, nnd will continue to do
Kllll think corn a good purchase.
TODAY’S PORT RECEIPTS.
The following tsbie shows 'scripts st tk#
ports today, compared with the s*m« day
lust year:
MEMBCRAi
tiahsston Cotton Exchaugsk
■-•Ml and Lena Dtalnu*'TsIsphoSs sSsSi* n. FAGAN. M.nsn.r,
ALONZO RICHAROSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 853.
ATLANTA. GEORGIA
New Orleans. .
Galveston. . ,
Mobile. . . .
Savannah. . . .
Uharleston. . .
WlimlngtfMp^f.
Norfolk.
Boston. . . .
Plillndelphla.
Wheat.,
Uorn.. ..
nnts.. ..
Hogs.. ..
Today. Tom«*r.
72
a
279
270
PRIMARY fdOVEMENT.
The following figures give Urn primary
movement of wheat nnd corn:
Wheat—Receipt* today LHI.Mfi hnsbels.
against 1.686,090 bushels last year; ship-
men's today 814,09) bushels, against 315,-
000 bushels last yenr.
today 798,09) bushels.
bushels lust year: shin*
mehts fo*ln.r <60.609 bushels, against 4*«,-
0jo bushels Inst year.
a gal list 441 .<
LIVERPOOL GRAIN MARKET.
Wheat—Opened ftc lower: at 1:3) p. m,
ntd wic higher.
ftftftc higher; closed ftWft** higher.
NORTHWE6T CAR8.
rally due.’*—Ware k Inland.
GIBERT A CLAY'S
DAILY COTTON LETTER.
New Orleans. Oct. 17.—Liquidation of a
large portion of the long Interest again
. aused n depression In prices abroad. Ilow
ever, the unfavorable weather affecting the
belt am? the strength of Houthern markets
were Influences that ten*le*l to lessen the
effect of free offerings. Options closed 2«3
points over yesterday, end spot quota-
tlona wt-re down 20 points, 5,000 bales tinring
lieen sold. The condition of the weather
continues to be largely responsible for the
labor scarcity Is not nlnrmlng.
mocks freely offered In loan crowd.
Ktaten Island Steel Company starts next
month. It will give employment to 1,60)
men.
Present quotation of copper In New York
highest ever recorded. *
lbilnucc of tmde nt present docs not In
dicate nn.v gold exports to Europe.
Thlrty-nluc roads for first week of Oeto-
■“ how average gross Increase of 10,08
per cent.
Unsulnn bonds continue to Improve In
London market, nud are giving a better out
look to business In Pari*.
All directors re elected nt annual meotlug
Twenty active rails .9S per cent advance.
THE WEATHER.
LOCAL FORECAST.
WEATHER CONDITIONS.
The depression off the east Florida coast
hns caused rnln lu the south Atlantic states
from Virginia to Florida. At 7 n. m. rnln
was still falling In this section at Norfolk,
Wilmington. Barnrinab. Atlanta, Jnckaoti-
allle and Tnmpn. There hns been rain In
nil districts of the cotton belt -except in
southern Alabama. Also In^he middle west
and the Missouri valley. The smonuts were
FIRMER IN TONE
Loudon Was an Active Fac
tor, Bifviug Heavily Cop-
v per and Steel.
RAILROAD. LIST FIRM
Changes Smftll aud Unim
portant—Steel 5s Made
New High Record.
New York, Oot.‘ 17.—Today’* market mov
ed lu the snuie Irregular, vacillating man
ner that bad liecotiie fntnlllnr on flic* pre
vious days, but this time the drift
the effort plainly wn* to sell
buy.
It wns hard to discern any reason for Hit
-hnnge In the speculative'temper in Ilia
mge In the specitlntlve'temper in the
rnlng’s news. The political situation.
IcJi Js admittedly the main object of
which is admittedly tlii* main object <>f
concern, appeared tq outward observation
lug developed M
money situation or lq the markets' In the
absence of anything to which thfc selling
of those turnt lu n professional market
> were
Conditions favor rain lu this section to-
ulght and Thursday.
W. A. MITOIIKLL,
Temporarily In Charge.
COTTON REGION BULLETIN.
STATIONS OF
ATLANTA
DISTRICT.
•Atlanta, rain.
•Chattanooga, rain.
Colnmhu*. cloudy. .
Gainesville, cloudy. .
Griffin, cloudy
•Macon, cloudy
Montlcello. cloudy. . « ,
Xewnan. rain
Rome, cloudy
Spartanburg, clouily. . ,
Tallapoosa, cloudy. , . ,
Toooon. cloudy. . . , *
West Point, cloudy. . . ,
-.Mlutinii
|||
Jlf
f
CENTRAL
STATION.
Atlsntn. ......
Augusta
rhnrlestou. . • . . .
Galveston. . • • . .
Little Ruck. .
Memphis.
in phis. .......
.bile. ......
Montgomery. . . .
New Orleans. . . •
Oklahoma, ....
Savannah. .
Vlcksburi
Vicksburg.
Wilmington. , . , .
T Indicate* Inappreciable
Dlst. Averages.
ralnfoU,
where they were lower. In
iiumiibi<>i4. «4irrr lucj
Galveston falls were rcimrted In tempera
Dire; el*e*-lierc orer the western part
changes were Immaterial. Light rainfalls
were general, with the exceptlou of Mobile
the long to
the short side. To afford A letter Imsls for
abort selling, prices tfere run up sharply st
‘he opening, with special attention to Cop
ter. Smelters, nnd rnlon Pacific. The top
Igurea were reached by the end of tho
first few mluntes’ trading. Then the proc
ure against the railroad list began to In
crease. amt from then on to mid-day the
market slowly -yielded.
London was nn active factor in the stock
market this morning, buying fully
shares of Coppers and BteeT. Fractional
advances In those stocks were reflected by
a firmer tone In many other Issues during
the first hour. The,most Important prim
movement was In Pressed Steel Car with
an adrnnre of 2ft points.
The railroad list generally was firm, with
price changes small and without much Im
portance. An Important feature of the
trading was the strength of Steel (5s),
which made n new high record nt 101.
Government bonds unchanged. Other
bonds firm nnd actlre.
rHE LONDON STOCK MARKET.
STOCKS—
•opper.
Ainalga
Anaconda..
Atchison .. 4,
do, preferred..
Baltimore and Ohio
Canadian Pacific...
Chicago nud Great Western..
Chesapeake nnd Ohln. . .
Chic. MU. and St. Paul.
Krle .. ..
Illinois Central.. ..
Louisville and Nashville.. ..
Mexican Central..
Missouri, Kansas and Texas..
do. preferred. . .
New York Central., i.
Northern Pacific
Ontario nnd Western..
Pennsylvania - ...
Beading '
Hock Island.. ,
Southern Pacific.. ,. ..
Houthern Railway. . / .
Union Pacific.- ,
United Stnteg Steel..
do. preferred... ,. ,
Wabash -..
d<<. prsrsrrM
Denver and Ulo Grande ...
ctnoln h,r«f ctnoln ifllfi.Jd shrdla
I
2pm|Clos-Clc^i
L. J. ANDERSON A COAT
DAILY COTTON LETTER.
COTTON SEED OIL.
October. .
December, 4
January. .
idy
closed steady.
growing movement has contributed In no
smsll degree to the gradual evolution of
sentiment, and. together with the selling of
Justified hr "weather conditions and until
•dear dry days set In It should be fairly
easy to maintain the present advance.
New York. Oet. 17A-A rnthor quiet tuar-
ket toddy for these excited times. Liver
pool apparently dbl uot know how to view
the slnintlon. but wn* somewhat weaker
than due. This caused the New York iunr-
ket to open down 4U12 points, but the open-
lug was the weakest .period of the session
Prices Immediately rallied steadily ou good
buying for both accounts. nml nt noon the
market was selling well above yesterdayw
finals. The weather map showed farther
rains over the belt., and prediction* for
more tomorrow, which .caused shoris t*»
dispose of their ’contracts nt the letter
level. At present, the market seems to 1 m
jo reports are conflicting ns to the
amount of ilamsge that'baa been done by
the recent rains and frost. Hence, the
bulls are praying for more rains sml frosts
to come to their a 10, whereas the bears
are confidently looking for sunshine fttttl
warmer weatf|*r to'bring about the big
break they have talked
....... ......... ~ much about.
In the meantime, the market seems to l»e
a good scalping affair In n range of 30 or 40
poTqts. •
THE SUGAR MARKET.
New York. Oct. lT.-Hcflned and raw
sugar markets steady,ami nucha aged. Lon-
don l»cet sugar steady; October 9s 5ftd;
November 9s 3*1.
, Image In market prices. 1 nfavornble fore
cast* for tomorrow have lessened the bear
ish activity that doubtless otherwise would
have developed on a not altogether unfa
vorable map. but the feeling Is nevertheless
present that the advent of anything like
Uftlcri weather would be reflected In a
loss of values. The receipts of cottou a*
ports continue about on a parity mr‘
the yenr before last, nnd this targe and
SOUTHERN EXCHANGE
Oldtst Estabtl.tied Office South.
COTTOU—STOWS MMDS-—CRlIH
Ground Floor Gould Building. Dully
msrXH letter nnd inarktt manunl
malltd nn spt»Mc«tlon.
WU. L. I'BBt. frntdenf.
ROflBBT r. UADDOX. Vk» Pr.tMtnt
THOMAS J. l'ftrtrr.ES. Cathler.
iamek o. i.estku. A„t,rant corti...
JAS. P, WUCpSOU. Awlstant Ca.M.r.
MADDOX-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. ,
THE.METAL MARKET.
L. J. ANDERSON & CO
Bankers and Brokers,
CGTTOH, STOCKS, GRAIN
Correspondent's Capital $250,000
Safe Deposit Boxes
further ad-
dd ami ou the
Lead au*i spelter were steady.
acrencNCt. the neal bank
PHONE 1417. PRUDENTIAL BLOC
For rent in our vaults in ike basement of ins
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We trails
you to call and inspect them.
Title Guarantee and Trust Co.
INTERIOR MOVEMENT.
Th* following ratise shows receipt* nt fh* r
Interior towns fodsy, conn*'*** with the 1
same day last yenr:
19)1!)
2368
4279
LOWRY NATIONAL BANK
Designated Depository of the United States.
CAPITAL $300,000.00
SURPLUS 400,000.00
UNDIVIDED PROFITS 140,000.00
A general banking business transacted.
Foreign exchange, Letters of Credit.
Corresponds direct with the National Bank of
Cuba.
Prank Hawkins, President. . . _
H. li. Atkloroo, V. P. Tcomi* Erwin. Arat. Cashier.
Joseph A- McCord, Cashier. R. W. Wyers. Aut. Cashier.
Third National Bank
Capita!
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. Calhoun.
Milton Dn;*gsn.
John W. Grant
McCord.
DIRECTORS:
Frank Hswklrs.
If. M. Atkins**n.
Joseph A. McCord.
