Newspaper Page Text
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1(»
THE ATLANTA GEOliGlAN.
CA1UIUAV,
LIVERPOOL BETTER
THAN EXPECTED
v
Futures x)bpartnicnt Did
\ Yfist'ndhy^S Decline.,
SPOTS SOME LOWER
Close in New York Was
Steady at Small Changes
.Erom Yesterday.
New York, Oct.: 27.—The cotton mar
ket opened steady 4 to 7 points advance.
ConsIdeQpbto; liquidation, due to. calls
for rttarglna, wfla offset by covering
attiongi^he .foom traders,^who were all
shortvand desirous of'eventng ufr* for
oyer Surtda^. * *
Changes In prices of cotton for future de
livery were Insignificant. On some coverlnr
the quotations were held steady, thougl
J&..T4& rJaVat'-VM
slon. the clos^nelng .steady 1 point lowet
to 2 points hlgtfcr. ..
A somewhat bitter Liverpool than ex
pected was responslme for the better open
ing In New York. The continuance or fa
vorable weather and bcaTJ movement were
factors for the slight eluktp. »
Colder weather Is predicted/ for the holt,
with light frost east of Texss tomorrow.
tMr.M*neh wakes’theTcodltlon the crop
to October 20, 59. against 63.9 last month
and 61.9 last
■■ •» 1906. 1905.
New Orlsan,....H'OOO-to-lTtfOO ' 11,467' ■
Oalreitoo....20,000. to,23,000 TI.IM'
Houston.. .. .. .. ..17.500 tn 18,600 18,634
SPOT COTTON MARKET.
Liverpool/spot cotton Miller; middling un
lands o.90di sales 6,000; Amcricnn-4,500;
speculation and export (00; receipts 2,400,
sll American.
Xirains; steadritiofte.
New York, quiet nt 10.75c.
New Qrlc.ns, cosy .at-109.16c. .-
Augusts? .Iradly'ot %
St. Louis, stesdj at l*Sc.
„ T* b A Y’S; 00 Rf‘n EC EIPTS.
The following table''shows* receipts nt the
ports today, compared with the same day
fast year: A .
New Orlfin*..
Oalveston. .
Mobile. . . . . .
Savannah. . .
Charleston. . .
Wilmington. «
Norfolk. . . ,'s
Boston..
Jacksonville.
TaUl Ilwomplete)..,
-INFERIOR MOVEMENT.
The following table shows receipts at the.
Interior towns today. (Oiufpured with the
same gnyhty year:- 4
st. Loglj. i 1
Tntnlt ■ !*.
2123
ltHSfl
M|*
jpwei
vC25
M |Jt2
HESTER’S WEEKLY •
COTTON STATEMENT
tVtokly stntemerit Mm*,
the miwoiciitsof* corlsn shows an Increnee'
In the nlovemetit Into sight compared with
the seven days ending tilts date Inst year
In round figures of 159,000, an Increase
over the omue/uaya year before lust of
44,000, and nn Itierense*, over the same time
In 1903 of '142,600.
Tor the twenty-six days of October, the
totals show an Increase tust year of 220,000,
s decrease under 4he-same* period year be
fore last of 162,000, and an Increase over
the same lime In 1903 of 329,000.
* Foe the. Hft
have flaps**1,
fifty-six days _J IHPHMV—.—
nXS"TiW" r :677/jfe:" !?e M7 - 0W \ V*
.The ,n mount brought Into sight during
the'tMntffweek-Mhas 'bean ’60ZJUS) hales,
ncnliftt 4C.5J4>for 'thevset^n days ending
this date last-'year, 657.WU year lie fore last
and 490,423 ssmo time In 1903, and for
the twenty-six days 'Of-October *lt has l»een
MtUn.’ against LMl.7l8.last jW. 2.034,00;
gwr before last and 1,552,799 same time In
L ,
. elpts • st all. United ■■■■■
179, against 2,176,078 last,year, 2.536,080 year
before last and 1,685,139 same time In 1903.
Overland across the Mississippi. Ohio nnd
Potomac rivers to Northern mllla and Can-
S .72,700, against 72.671 last year, 96,746 year
are last and 47,441 same time la 1903; 1 ti
er stocks In excess of those held nt
agsl
last
era. njlli
year, __
same 4tme in 1WB.
These make the total movement for the
fifty-six days of the season.’ from September
1 to dste,^,679,789, against 2.976.760 Inst year,
iMjfflowr before last and 2,303,032 same
Foreign-exports for the week have been
272.163, against 199,001 last year, making the
total, raui jfir for the season 1,314,456.
n|alsst'i*l,22llC^4 last year, an .Increase of
Northero *mllls takings nnd Cannda dur
ing the past seven days show a decrease
of 24,60ft ns compared with the correspond
ing period last year, and their total tnklngs
since September 1- have decrease rt),812.
The total takings of American mills. North,
South and*Canada, thus far for the'senson
have been 669,704, against 745,419 Inst year.
These Include 261,738 by Northern spinners,
against 32&w0*
Stocks at the seal»oard and the twenty-
nlne'lmdthg Southern Interior centers have
Increased during the, week 322,459 bales,
against an increase during the correspond
ing period last season of Ilf,429, and are
now 231.227 smaller than at this date In 1905.
Including stocks' left over at ports and
Inferior towns from the last crop and the
nuafptr of hales brought* Into (Bight thus
far feomYthe new ;erop. Jhe supplyAn date
Is 3.177.558. against 3,421.320 for the same
period last .year.
NEWS AND gOSSIF
Of tho Fleecy Staple.
Private Wire to Olbert A Clay. .
New.York, Oel. 27.—Liverpool closed-11H
lowefi \wn duo 14 to 18 lower. We should
oiHjn 7 ti*Xl3 higher. a N
’ JJrei*podI cabK-s: “Market affected unfa
vorably by, seUUVg.Induced-directly and
dhrectly Uy Bust<ttttst estimate of 13,000,<
('resent movement entirely^ speculative. 1
Weather predictions are lor fulr today and
American 2,284,679 1,886,089 2.942,176
lu sight 2,867,835 2,281,382 2,998,461
For week 676,453 500,686
Port receipts 454,749
Stocks 861,761
Exports 270,383
lut. receipts 338,618
Int. stocks 340,277
lut. shipments 287,870 261,440
371,658
690.350
224,967
324,437
29U29
411,784
292,460
943,227
2-J8.695
258,350
466,802
203,291
.cables by the
not dt-Mlrous of having their lut
through Kunday. On any such Improve-
mny occor the sale of cottuu
report* of 1 Ain
hituiu;* “The season Is late and picking It
behind,/Only* about 50. tp 60 tier-cent .living
gnUiwed, us against' 77 In 1906 nud 80 lu
The Journal of Commerce says of Geor
gia: ‘The top crop has been largely taken
by frost, hut the plnut In a number of sec-
mutely *70 per cent guttufiwd..< This
thau two previous ybhrs, when it was
and 79 per ceut picked respectively, t
bor Is scarce aud cotton.Is sold us fast
gathered, with few exceptions.''
The weather map today Is Ideal, not
rop of rulu nor even cloudiness lu' ai
ni t of the belt. Judications. are for.
WORLD’S VISIBLE.
S NEW YORK.
8 The following la the range In cotton fa*
„ tore* In New York today:
y
u
a.
<1
a
1
a
S
I
n
i [a
J* Oct
J- Nov
Dec
Jnu
Fob
Mnrcb. . . .
April. . . .
P &:::
July
i&i)
10.27
KM.-
10.44
10.57
10.63
10.70
10l22
10.31
10. S)
10.44
10.56
10.57
10.61
10.72
i o!a
10.22
lo.:
10.43
10.47
last
10.56
ib‘70
R22
I'M I
10.33
10.43
10.51
10.67
10.67
io!ii
10.16-20110.15-18
10.20-22 10.21-23
10.24-25 10.22-24
10.32 10.31-32
10.40-42 10.39-41
10.50-51 10.48-49
10.61-53 10.49-51
10.68- 59 10.58-59
10.60-62 10.59-61
10.68- 70 10.66-68
•' Closed atendy.
f
mpipn if the commercial ‘•.year 2u7,519.
agslMt^tejK4flssLxear.t3ier,814 i yeiir before
•--t'TndkSKWfsante HmeHn^nsr Honth-
‘-"-tings 442MOO,*;ag«Uist• 419.216 last
i-vear . before last-and 317,576
crease‘for ‘f fib we6k '/list 'cld'sbd * Of' 3&3,261
against on Increase of 113,994 Inst year aud
,an Increase; of 236,248 yenr before -Inst.
The total visible Is 3,000,000, against 2,640,
047 last week, 3,666,216 last year nnd 2,927,140
year before last. H)t this the total of
American cottdn ls‘2^60,288, nTgalnit.1,829,-
047 Inst wbek, 2,^2,216 last ypar and'2.436,140
year before last, and of nil other'ltlndft, In
cluding Egypt, Brasil, India, etc., 750,000,
against 748,000 Inst week, 724,000 last year
nud 491,000 1 year before ,ltst,
' The totgl visible supply of cotton, ns
*nl»ove, 'shows an Incfeaae c6mpared with
Inst week of 360,251. a ilecreafto compared
with last year of 665,918 ami an Increase
compared with year before Inst of 73,158.
Of the world's visible supply of cotton,
ns above, there Is uow nflont nnd held In
Great Britain nnd continental Europe 1,312,-
000, ngainst 1,802,000 last year and 1,449.000
S ear before Inst; In Egypt 106,000. against
1,000 Inst year nnd 106,MOT year before Inst;
In India 390,000, against 378,000 last year
and 190,000 year Iwfore last, nnd In the
f’lilted Htntes 1.191,000, against 1,400,000 Inst
year nnd 1,182,000 your befqre-last.',
SPINNERS’ TAKINGS
AMERICAN COTTON
Secretary. Hester’s statement nrthfe 'tnk
liigft of AiiierlChn cotton by the world’i
•Inners Is ns follows:
[eck 24lPE5piflprjfeIrjra#|nst «6,i
nnd Vim}« iWi^Jast.d .
lice mtearoerfl. X546.O0O. ngatnat
last yean and 1.429,000 In’ 1904.
,Of this Northern spinners nnd Canada
tpok 262.000 bales this year, • against 823,000
liiHt year, nnd 318,000 the year before. South
ern spinners 428,000, against 423,000 Inst year
iftid 381*000, AHo’yqar before, nml foreign
Hpluners 855,000, against 932,000 last year and
GW,046 tho YMf hafWPTTIJ ;,M ?
RECEIPTS hSaVy.
WEATHER IDEAL
. New York, Oct. 27.—The StuTsayai Too
mu ('ll for the bulls were the enormous re-
celptsv the favorable weather nnd a rumor
that Huston has estimated- the crop nt 13,-
two,ooo ifnlrtC^ lie eatimnHit lt Irtst yenr-Oc
tuber 30—nt 10,250,000 Imles nnd a month
tatei< at lO.fiOO.WOOftidless It turned'Out to
Im» 41*346,000. There seems tu be some doubt
whetlibr”'he Tias ’nMtmily maflb'* any- estt
niAtq ns yet, but there was an Impression
that he had. whether any public announce
ment of It was Intended nt this time or not,
nnd certainly It happened that people very
close to hliu were regarded us heavy sell
ers. It Is understood that his estimate,
whatever It is, will be given out this morn
ing. In any ease, tho pressure was suffi
cient to cause n further sharp decline IUj
spite of the fact that n good many people
think that altogether too much signifi
cance In given to the gluuers' report, see
lug that tne October and even the Novem
ber movement of the crop may turn out to
be very deceptive, ns It certainly was In
1903. Mr. Price Is understood to have sold
heavily, closing out most or all of his hold
ings. h*. T. Hubbard sold e * *
but on the decltue bought
belt gave cumulative force to bearish sen
timent and support was withdrawn when
further rumors of n monster crop estimate
came from Liverpool. Instantly tpo hnm-
mer brigade got down to work, stop-loss
orders on long accounts were quickly re-
porte*| and the talent began to talk of 10-
cent cotton as a very near certainty. The
magnitude of the movement played n star
role. Today's price los of some 28 points
was brought about so swiftly that the
lings were a bit atnnscd nt the weukness
displayed In the face of a prospective yield,
logically little. If any. larger than the
world’s legitimate requirements. On the
other hand, the probability of a production
ample enongh to go around Induced ninny
n hard-pressed long to fear thnt 10 cents,
after all. was a fair enough price nt this
stage of the game, nml the fact thnt
Europe was n ready buyer on the basis of
Thursday night's cable*! offers exerted no
lasting Influence on room sentiment. Clearly
the spot market Is not noting lu keeplug
with preconceived bullish views, the non-
bearish showing of the gluners* report to
the contrary not withstanding. With perfect
weather as a bearish spur, the staple again
Is placed sqnarely on tne defensive, a im*sI-
tlon from which the Interior has rescued
the cotton crop mnuy times In tho recent
past, a fact which the average liear Is over
pass llghtlv
-Glbert
forget. Ignore
ver when things are going his way.
A I'lay.
18 K. ALABAMA ST.
GIBERT & CLAY
STOCKS, BONDS,
COTTON, GRAIN.
COFFEE, PROVISIONS.
MEMBERS:
Orleans Cotton Exchange.
ATLANTA. CA
- I Chicago Board of Trade.
Or cans Stock Exchange. ) Liverpool Cotton Ass'u.
W wJfL I 2y , V£°^ , ? , * of Tr "‘ ,p ! Galveston Cotton Ex.
WIRES TO ALL EXCHANGES.
.Lt«al -and Long Diatanca Talephona *298. C, E. KEPLINGER, Manager.
L-JL ,
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 8&8.
ATLANTA. GEORGIA.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’* twenty-five
years' experience of ed
iting markets In Atlanta
and the South has made
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper.
Atlanta* Coast Line. .
American Sugar ttef. .
Anaconda.
American Locomotive,
do. preferred.
American Cottou Oil. .
Am. Car Foundry. ; .
Baltimore & Ohio. . .
Brooklyn Itapld T. ...
Canadian radfle. ...
Chicago & Northw n. .
Chesapeake A Ohio. .
Colorado Fuel A Iron.
Centra! Leather. . . .
do. preferred. . . .
Icago & Great W. .
engo, M. A St. I*. .
Delaware & Hudson. .
Distiller's Securities. .
Erie
do. preferred. ...
General Electric. . . .
Illinois Central
Am. Ice Securities. . .
Louisville A Nashville.
Mexican Central. ...
Missouri Pacific. . . .
fit.
NAME OF STOCK.
N. Y„ Ont. Ic W..tern
National Lead. . . .
Northern Pacific. . .
New York Central. .
Norfolk A Western.
Pennsylvania
People's Gas. .
Pacific Mall
Reading.
Republic Steel
Rock Island. . . . . .
do. preferred.
do. preferred. . .
Sloas-Sheffleld. . . •
Tenu. Coal k Iron. •
Texas A Pacific. . . .
Union Pacific
United States Steel.
do. preferred. . .
Va.-Car. Chemical. *
do. preferred. . .
Western Union. . . .
Wabash
do. preferred. . •
Wisconsin Central. .
do. preferred. . .
Total stock sales today 346,000 shorea.'
LIVERPOOL.
Tho following table glres the opening
range and close, comnared with yesterday's
close:
Futures opened steady.
Opening Previous
Range. Close. Close.
October.. 5.71 5.71 5.82
Oct.-Nov ,..6.66 5.65 5.77
Nov.-Dee 5.62 6.61 5.72%
Dec.-Jan 6.61 6.61 6.72#
Jan.-Feb 5.65 6.63% 5.75
Feb.-Morch 6.67H 5.66 5.77*4
March-April 6.70 6.68*4 5.80
April-May 5.72 6.70*4 5.82
Mny-June 5.74*4 5.72# 5.84*4
June-July. .... .5.74 5.74 5.86
Closed steady.
NEW ORLEANS.
The following is the range in cotton fa-
tnres In New Orleans today:
tztrr.
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March. ,
April. .
May.. .
IIIII
10.33)10.35110.35
10.6910.62
iol57 io!58 10.67
Closed barely steady.
m
110.27110-25-26
.... 10.18-14
0.1510.15-16
10.24110.24-25
.... 10.80.32
i0.44 10.44-45
.... 10.49-60
10.58 10.57-59
.... 10.62-63
....110.68-70
10.42- 43
10.30-32
10.82-33
10.42- 48
10.48-50
10.62
10.67-69
10.76-78
10.81-S3
10.87-88
NOTES ON GRAIN
Pointers on Provisions.
Rosenbaum, head of the J. Rosenbaum
Grain Co. “According to grain statistics,
tho average dally run of a freight car, In
cluding time lost on side-tracks nnd from
other delays, is only fifteen miles. If this
car were made to run ten miles an hour
there wotild l>e freight cars to burn. It now
takes about ten days to get a freight trnlu
through from Chicago to New York. If op
erating conditions were properly syst
tired nud the through freight not held
by the pick-up business, side-tracking and
switching cn route, there would be no rea
son why n through freight could not get
through In four unys."
The Minneapolis flour output last week
Increased 12,000 barrels, according to the
Northwestern Miller, as wired to Logon A
Bryan. This made It 158.000 barrels smaller
thnn In 1906. The quantity of flour turned
out was 316,780 barrels, against 474,195 In
1906, nnd 292,896 In 1904. Three mill* were
Idle today, and the week's output la likely
the unsatisfactory- condl „
trade. The volume of business done by
different groups of mills fluctuate/i from
week to week, accordlug to their customers'
n#dda of -flouE ^Foreign business for the
week was light. Only n limited quantity of
patent was sold by Minnesota mills.
Minneapolis mills made, 2.G28.480 barrels,of
flour durliig August and September, com
pared with 2,580,000 barrels durlug the same
period Inst year. Flfty-eicht country mills
made 1.472,000 barrels during the same pe
riod this year, against 2,236|000 barrels last
year.
From fytptrmlicr 1 to October 18 Inclusive
the shipment* of durum wheat from Duluth
were 5,530,000 bushels, of which 3,997,000
bushels were No. 1, and all of It with the
exception of 80,000 bushels wont for export.
THE DRY GOODS MARKET.
New York, Oct. 27.—Belling agents have
made such extended forward engagements
thnt they ate welcoming the present quiet.
There Is atlll a large business being done,
but there Is less flurry In the trade aud
umro disposition to hold things steady In
the way of values for next year s goods.
Thnt higher prices will be named even
tually seems to be the general opinion,
even In the most conservative circles, but
It la thought that matters cannot be helped
any by naming them at this monfent or for
some weeks to come- until there are more
goods In sight.
COTTON MOVEMENT
DURING PAST WEEK
Following Is finperintendent King's state
ment of the weers and season's movement
of cotton Into sight:
Weakly Movement.
1906.
1905.
Fort receipt*
Overland to inllle and Can-
ndn
Southern mill takings (eetl-
467.415
19,492
65,000
43.442
590,349
29i,8da
20,720
52,000
44.660
411,243
Gain of stock at Interior
towns
Brought Into alght for the
week
Total Crop Movement.
1906 1 1906
Fort receipts....
Overland to mills and Can-
2,174,429
72,338
975,000
200,53)
2.822.287
2,235,735
75,161
353,000
284,072
2.948,168
Southern ralll taking* (esti
mated)
Stock at Interior town* in
exoeaa of September 1...
Brought Into eight thus
fnr for eeaeon
CHRONICLE’S WEEKLY
WEATHER REPORT
New York. Oct. 27.—Our telegraphic ad
vices from the Honth this evening indicate
that the weather has lw»en quite favorable
ns a rule during the week. Over a consider
able section dry weather has prevailed nnd
elsewhere the ralufail has Iteen light or
moderate as a rule, ricking has made good
progress end the movement of the crop
continues liberal.—Glbert A CIny.
NEW YORK BANK STATEMENT.
The weekly statement of the New York
Bank Association ohowa tbs following
changes;
Reserves * ....77.... I
1*00 ns 20.026.300
Specie
Legal* 1.389.800
Iteposlts 27,634,600
Circulation $ 252,900 «...
WEATHER FORECAST.
Georgia. Louisiana. Mississippi and West
Florida—Fair Saturday and Sunday.
East Texss—Fair Saturday and Sunday;
colder In northern portion Sunday.
West Texas—Fair Saturday and Sun-,
day; colder Sunday lu north portion. {
Arkansas—Fair Saturday, colder lu north-1
western portion; Sunday fair ami colder. I
Tennessee—Fair Saturday and Sunday;'
colder Bandar.
WHEAT OPENED
HALF_CEHT HIGHER
Very Little of the Cereal
Was,for Sale at the
Advance.
Chicago, Oct. 27.—Reports that several
Minneapolis flour mills would shut down
took the edge off the wheat market after
n sharp advance early today. Closing
prices were %©*4c higher. Corn at the
end was firm to *4@lc up, and oats
steady to f4c better , Provisions were eas
ier at the close. Final quotations were un
changed to 2*4c lower for pork, lard un
changed to 10c nml ribs 2*4<(25c lower.
Primary receipts of wheat were 975,000
bushels, ugalust 2,236,000 bushels Inst year.
Clearnnees were 258,000 bushels wheat and
flour. 255.500 bushels corn and 237,000 bush
els of oats.
Cash business reported here was 25,000
bushels wheat, 106,000 bushels corn and 196,«
000 bushels oats.
flonboard sales were 11 loads wheat, 2
loads corn and 150,00(h bushels oats.
CHICAGO GRAIN MARKET.
for today folk
Open
* WHBAT-
Dec.r..,. 73*4
May 77#
J ta- 7 ‘ 5
fc: S*
July..,. 44*4
OATS-
Dec 33*4
jfc i
POKK-
Jan..., 13.80 13,
May.. 13.85 13.
LARD-
Oet 9.75
Nov... 9.37*4
Jan.... 8.37*4
BIDES—
Oct.... 8.30
Jan.... 7.50
May... 7.65
and provision quotations
GIBERT d CLAY'S
DAILY COTTON LETTER
New Orleans, Oct. 27.—Sentiment abroad
Is not fully reconciled to the belief that the
glnnlngs report lately published has no par
ticular bearing on the ultimate yield. Re
sistance Is dally shown to any marked de
cline In the American markets nnd options
are only fairly responsive, In consequence
closing prices today sbowlug a loss orer
yesterday of II to 12 points, while spot
sales amounted to 5,000 bales 13 points dowu.
The weather and its controlling influence
as to the movement of cotton is largely
a factor In shaping the course of price
changes. The ideal weather lntely prevail
ing has given considerable Impetus to fur
ther progress in gathering nud marketing
the cropland receipts each day now show u
marked Increase over the previous years.
The bearishness of the week-end statement
of supply likewise hat removed any doubts
existing as to the litoral manner In which
supplies are being brought Into sight. The
Increase for the week is 124,000 Imles over
the corresponding period-year before Isst
and 246,000 hales greater than last year,
while the comparative inactivity of spin
ners’ demauds la plnlnly evidenced In the
taking of only 244.000 bales this week
agnlust 296,000 Inst year nnd 331,000 year be
fore Inst. While Influences at the moment
nil greatly favor a lower level for values.
It must not lie forgotten that the suscepti
bility of the weather to change may find n
roKponslrc tUy la the sentiment of the
trsae.
S' i & S
8* *
4454
C 4fs P
imafflm
9.75 9.65 9.6S 9.75
9.37V4 9.32J4 9.32ft 9*
8.40 8.37ft 8.37 ft 8.37ft
8.30 8.16 1.15 8.40
7.50 7.45 7.45 7.50
7.86 7.57ft 7.57ft 7.80
J. T. HOLLIS 31 AN, PrMld.nt
F. J. FAXON. Vle,-Frp,ldont.
IV. L. K1SMP, Tmmurer.
J. W. ANDREWS, Secretary.
UNION SAVINGS
BANK
Four Per Cent Inter
est Paid on Deposits
ASSETS $150,000.00
One dollar starts an account.
Houra: 9 a. m. to 6 p. m. Sat
urdays till 9 o’clock at night
DIRECTORS t
THOS. .T. PEEPLES.
TV. B. STOVALL. F. J. PAX ON'.
W. O. FOOTE. J. T. HOLLKMAN
CLYDE BROOKS,J. M. JOHNSON.
L. J. ANDERSON A CO.’S
COTTON LETTER
Now York, Oct 27.—The cotton future
market was active today, and while the
trade was well distributed there was a
disposition- on the part of bears to close
out their commitments over the Sunday
Interval, and In the last half hour the list
showed 99aslderable strength. The Price
Interests were figured to Tio long of cot
ton, and their position was confirmed by
an estimate from Price ludlcatlng n yield
of about 11,330,000 bales. This was bull
ish. considering the estimate of Ellison,
which suggests thnt the consumption of
American cotton during the ensuing year
will approximate over 12,000,000 bales. The
movement contlnded liberal today, and tho
receipts were heavy, the weekly statistics,
on the whole, being bearish. The weather
conditions, as a whole, were favorable for
the continuance of {ricking operations, and
already there are claims that the next gin-
ners' report will he bearish. The spot mar
kets were dull today, with spinners inclined
to hold off for a clearer idea with refer
ence to the probable extent of dntnago nnd
TIPS FLASHED
From Wall Street
Private Wire to Glbert'& Clay. v
Now York, Oct. 27.—Dauiel Odell & Co.;
“We think market may have further ral
ly today, lu which event would sell for
turn. Do not expect decided movement
until after election."
Dow-Jones' summary:
Loss of currency to the interior since
outward movement began now 881,196,000,
being 37,254,000 more than the total loss for
a, !T prevlods crop mqyement period.
United States Steel statement, to be is
sued next Tuesday, will be highly favorr
hie. but change In dividend leu probable.
Vanderbilt lines order 85,000 tons Jteel
rolls, making orders for 150,000 tons Spaced
bjr railroads this week.
Minneapolis and St. Paul surplus for year
equal to 36-10 per cent, on common stock.
Mexican National surplus for half year
equal to 1.48 per cent on first preferred
Some slackening In demand for cash at
le West and SOhth.
Banks ldst * on week's currency move
ment 37,188,200. 4 - ,
Dun's Review says traffic delays, high
money and labor markets and labor unrest
have not checked commercial progress, on
the whole. . , „
Bmdstreet's says trade is unprecedentedly
active for the season. _
Twelve Industrials advanced .04 per cent
Twenty active railroads advanced .12 per
cent.
THE WEATHER.
LOCAL FORECAST.
WEATHER CONDITIONS.
Clear weather prevails this morning
Throughout the entire cotton belt, with no
rainfall for the past 24 hours. Beyond the
limits of the cotton belt there wns rain Id
lake region and upper Mlutssipp! and
-A>url valleys, caused by a storm area of
considerable lu tensity over the lakes. To
the south and east of this atorm tempera
tures as a rule are higher, being 10 degrees
to 18 degrees higher in the Ohio valley
and allghtly higher at most points In the
cotton states.
Following the storm from the west is a
high pressure area now central over the
upper Rocky Mountain region. This is
causing a reduction In temperature as far
south ns northern Texas and eastward to
8t. Louis nnd Chicago.
Conditions favor fair weather in this sec
tion tonight and Sunday; somewhat colder
Sunday.
W. A. MITCHELL.
Temporarily In Charge.
COTTON REGION BULLET!N.
STATIONS OF
ATLANTA
DISTRICT.
Atlanta, clear. ! . .
•Chattanooga, clear. . .
Columbus, clear. . • •
Gainesville, clcaf. . • .
Greenville, clear. • • •
Griffin, clear. . • • .
•Macon, clear. . . . • •
Montireilo. clear. . • • .
Newtian, clear
Rome, clear
Spartanburg, clear. . .
Tallapoosa, clear. • . • ,
Tocoa, clear
West Pol nt. dear.
Max. Min.
STOCK MARKET
Traders Were Aggressive
on the Bear Side Again
This Morning. ;
CAUSED LIQUIDATION
Fractional Declines Made in
Majority of List in the
First Hour, ,
N.w York, Oct 27.—Tli. climtx ot a.
puzzling zltuntlon In tbo money markrt
w*. rrnchcd today, the bunk reserve be.
Inf entirely effaced, ns the preliminary He.
tire, bad forecasted, a decreaw of oaf.
3527,275, was shown in that account. Thnt
I. uot due to any dlicrepsncy In the rash
a tlmtte, todzv’a decrease of 37,400,000 acre.,
f very well with yesterday'. forec«.ti.
Bat tho zurprlilng .hrlnkife of 320,000 00]
In loan, baa completely changed the char,
acter of the atatement from what bad
been expected. All that can be uld of
thta remarkable dlacloiure 1,. first, that
laat week's stock exchanfa liquidation ha,
been much heavier than appeared In the
surface, and that thq loans dozed out tbla
week In London have not yet been re.
il«ced by equivalent hoik credits here
Jodar'a .took market opened dnir, nnd for
the first half hoar lay Idle. Then ,ome
hint of the bank showing mi eugreited
In a alow hardening of prices, which wae
succeeded after the appearance ot the fig.
ores by a sharp rally. Some active cover,
lag took place In Yhe lut few minute, ot
the trading, eipecl.lly the Steel atocki.
The Mexican lane, were again couple-
uou.Iy strong. _
New York, Oct 27.—The stock market
opened dull and Irregular, with the majority
of abarei, however, ohowlng advancei of
•■—i per cent The strongest stock, were
ding and Great Northern preferred,
which were up ft each. Advancei of
~ r cent were «corml In Baltimore and
do, Atchison. Southern Pacific, Steel and
Sugar. Pennsylvania lost ft. Union Pacific
ft per cent and Canadian Pacific off ft and
Brooklyn Rapid Transit ft.
The stock market was under presinra
-I- with the room trader, aggressive on
the bear aide and Important liquidation at
k..queue intervals lu many stocks. Is
the early part of the first boar, prices
made fractional decline. In th. majority
of tho list.
Other bond, quiet.
Government bonds unchanged.
, LONDON STOCK MARKET.
'Minimum temperature, are for tirdlve-hour
period ending at 8 a. m. this date.
Light frost at America., Gq.
CENTRAL
STATION.
Atlanta. .
Augusta. .
Charleston.
Galveston
Little Iloek. . . . . .
Memphis
Mobile
Montgomerv
New Orleans
Oklahoma. . . . , .
Kkvannnh
Vicksburg
Wilmington
T Indicates
Max. Min.
Tt
Dlat. Averages.
Hi
-Tor
COTTON SEED OIL.
Octotor. .
November.
December.
Jnnunry. .
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCKS BONDS GRAIN
around Floor Gould Building. Daily
market letter and market manual
mailed on application.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL BANK
PHONE 1417. PRUDENTIAL. BLDG
HUBBARD BROS & CO., hSts
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange. New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire servite. Correspondence Invited.
Phones 454, Long Distance 39. A.S. Hustacc. Mgr.
inappreciable rainfall.
REMARKS.
The temperatures for the last 24 hours
were slightly lower In the eaetern portion
of the belt and considerably higher over
the western part. Clear weather predomi
nated orer the entire belt, with no ralu-
fall.
W. A. MITCHELL,
Temporarily In Charge.
CHICAGO CAR LOT8.
, Today. Tomor.
£<>™ '. .. 203 234
nog. sooo
THE LIVERPOOL GRAIN MARKET.
higher* t- ° Pened unch#n ** J ; closed He
fgjfr-dptoed *4c higher; closed Uff*4c
8TOCK8
Amalgamated Copper. . • .
Anaconda ••
Atchison
do, preferred .
Baltimore and Ohio
Denver and Rio Grande..
Erie
Canadian Pacific.. .. ,, »
Illinois Central .. ..
Kansas nnri Texas.. ..
do. preferred
Loulavluo and NaahvlUe...
Northern Pacific.. .. ..
Ontario and Weatern.
Pennsylvania..
Philad ‘ *’
Rock
Southern Pacific...
Southern Railway.. ..
do. preferred.. ..
Bt. Paul
Union pacific
United States Steel.,
do, preferred.. .. .
Great
SEABOARD AIR LINE.
„ Following were the closing quotations of
Seaboard Air Lina stocks and bonds.
Bid. Asked.
Seaboard Air Lina, common..., 24ft aft
3 o, first preferred.. 80 85
o, second preferred., .. .. , 52 65ft
do, 4s •„ ... 82ft 13
do, three-year 5s .. 99ft m
do, ten-year 6» ,102ft 103ft
NEW YORK COFFEE MARKET,
Following Is the opening range and
close of the New York coffe market for
today;
Otvenlng
, Unnve. Close.
January.. . . X40 a.364.40
February a.*0-6,45 6.45-6.S0
March 5.65 6.55A«
April fi. 60-8,70 6.608.65
May 6.70 6.708.71
June 6.158.86 6.758.80
July.. .. 6.55-6.90 6.558.9)
August.. 6.908.96 6.90-7.M
September . .7.00 7.06-7.06
October ..6.20 6.308.3
November. ...... ..6.16810 6.308.3
Decemebr; ..6.808.85 6.3830
Closed steady.
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. IVc invite
you to call and Inspect them.
Title Guarantee and Trust Co.
3i % Compound Interest
la the rata your money will draw If depoilted In tho 8AVING3
DEPARTMENT of H
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
Vo „ u ,nv ' ted f0 ea " and inspect our quarters and Investigate
our facilities to servo you. A hearty welcome awaits you at this
bank.
A8A G. CANDLER, President.
W, II. PATTERSON, Vice-Pret. A. P. COLE8, Cashier.
WM. D. OWENS, Aset. Cashier.
JOHN S. OWEN8, Vlee-Pres.
r
ATLANTA NATIONAL BANK
ATLANTA. GA.
£' ▼ ‘tiiSa'M R :,. Pre o de PJ- A ' E ' THORNTON, Vloe-Prealdent.
H. T. INMAN, Vice-President. QEO. R. DONOVAN, Cifhler.
JAME6 8. FLOYD, Ats’t Cashier.
Capital......... 3500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.