Newspaper Page Text
l-Wi I .iUlMJ.I TO1..UUU, U J '*
THE
WITHOUT EFFECT
[Opened Lower, aud Advanc
ed Some 6 to 7 Points
in Early Sesisou.
U SLUMP FOLLOWED
for the Balance of the Ses
sion Tendency Was To
ward Lower Level.
ATLANTA GEORGIAN.
wmmm
MOMMY, OCTOIlEIt 27, 19"«.
NEWS AND GOSSIP
Of the Fleecy staple.
New York, Oct. 29.—At the opening
of the cotton market prices started 4
to 14 points lower. The cables were
weak, but for a time there was enough
buying by" shorts to hold the list com
paratively steady. Persistent selling
by interests that hammered the market
Saturday, however, eventually forced
the list further.
Liverpool advices tills morning were be
low expectations by several points, buturcn
lit that market being due 3 to 4 points
lower on New York's close on Saturday,
whereas flrst prices showed dfdlucs of
almut M points.
Following Is the range In (be active
months in Liverpool today:
Open. High. Lor.
October November, . . .5.55*6 5.60 5.52
Jan nary-February 5.55 5.58 5.49^
; garrh-April ..*..5.60 5.64 5.55
jj.ir June.,.. 5.65 5.63 569
gpota were quoted 14 points down nt 6.8od
for middling. 8»les 7,000 bales.
Initial prices In New York were 4 to 16
| points lower, or slightly lower than tlue on
MwpoeTs showing, mid In ronspquencr
prices were worked up a matter of 6 to 7
points ItnmeUItttetly after the opening, only
• slump sharply lu the next few minutes.
I’p to mid-day fluctuations were uarrow,
slightly above the Jew point.
Xemplils, .
Newton, and .fiicksou. Miss.. Opelika, and
Selma. Ain.. Atlanta, aud Rome. On., with
light to kilting frosts at numerous other
points.
)'rhv'» brokers were report*} as selling
In the afternoon, though prices v«rn held
comparatively steady.
The Now Orleans Times Democrat, lu
its Nummary of the situation on flunJny
uiurnlDg, says:
••Beyond the good weather and the gen
eral bearishness of the talent, the piker
who had bneked the staple on the theory
that a reaction was logically duo and
reasonably oertnln added weight to the
pressure, and In the 1st* session some Im
portant and stuhlKirn bullish Interests were
forced on the market. Tims, another field
day for the haunter brigade pulled values
•lowti for n net loss on the week of 64
|H)liita on the December option and 7-16 of
a <cnt on spots. Quite naturally with the
decline has oonte ait fldrnnrlag f. o. b.
(Ms/*. hut actual cotton folk are again
experiencing great difficulty lit putting
through fresh business.
••Meanwhile, the movement Is big enough
n give the Short n very decided advan
tage. and the prospect that Texas will
brape frosts In the near future Is not
helping the situation, the theory being
that lu the .absence of support bearish
confidence will be given an Immeuse Im
petus and that for the time being. «t least,
very little, thought will In» devoted to the
poMsblllty of * renewal by tho Interior of
those tactics which experience has shown
may be worked for- practical, results by
the seller of cottou.Y
-Comparative receipts at all United States
Private Wire to Gll*ert & Clay.
New York, Oct. 10.—Liverpool 19 and 11
ower. Was due 3 to 4 lower. On this
bawl* we should open about 14 lower.
Liverpool cables: “The market seems
very weak, but bull liquidation uearlug
completion.**
t’lcor and warmer predicted for entire
belt today and tomorrow.
Llajit frost yesterday at Fort Smith. Lit-
Ho flock and Oklahoma. •
a™* wonting** weather map shows light
frost lu Montgomery, Savannah, Little
Hock and Oklalftmit. . .
Urgent liquidation hns been completed in
New \ork and New Orleans. The Interior
la steady. Spinners are Inclined to bay ou
" steady market, so on any material de-
up from these prices cotton might be
bongo t. ,
New Orleans. Oct. 29.-Liverpool about
down. \\as duo n% down on New Or
leans. but was hardly expected to meet the
decline, our market having declined ex
cessively after New York’s close.
Liverpool cables: “Speculative American
selling caused decline. Sidling has been
general today, principally Zerega, Huston
and Carpenter.”
A special to The Times-Democrat from
Houston, Tex says: “The week has been a
very favorable one for the picking of cot
ton, and ns every railroad in the state it
blocked It Is apparent that the crop is even
larger than anticipated, it would now np
pear tolerably certain that the state will
exceed tlio cron of Inst year by n considera
ble margin. | he damage done has not been
exaggerated during the growing season, but
the conditions later on have beeu favorable,
and despite the atorms, weevils, worms,
grasshoppers, drouth, floods and other dls-
couniffeinenta that the farmers experienced
nf different times, the crop ns a whole is
turning out well. The scarcity of pickers
continues In that portion of the state v*- —
the crop Is still being gat heron, but b
mo nth am and south-rent ral sections .....
crops arc being taken out by the farmers
themselves.
Further short covering In a uarrow mar
ket caused nti advance.
Frost rcjHirts
shorts went to
opening, but the market is easier
Indications that warmer weather will fol
low.
Hood. Fernie & Co. cnhle: ••Liquidation
looks complete. Short Interest large. Near
future depends upon weather and move
ment. Expect spin tiers to Increase their
takings from November 1. We think the
consumption will exceed last season’s con
siderably. Crop 12.5000.090 necessary, al
though extremely uncertain.”
The weather forecast Indicates fair and
siowiy rising temperatures tonight and to-
morrow for !.oulaiann. For Arkansas fair
and colder Tuesday. For the balance partly
cloudy to lucrensliig cloudiness with colder
weather except In southern Texas, where
higher temperatures are expected.
The eastern belt reports some low temper-
nturcs. and frosts ore fairly general east
of the Mississippi river. The Indications
Mccin to point to warmer wenther today lu
th<* Talleys and rising temperatures tomor
row In the Atlantic!.
bustoFattempts
TO ESTIMATE CROP
Edited by
Joseph B. Lively
Mr. Lively’s twenty-five
years* experience of ed
iting markets la Atlanta
and the South has made
him s recognised au
thority In his specialty.
TICS FLASHED
From Wall Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
SAME OF STOCK.
Amalgamated Copper.
Atlantic Coast 1 me. .
American Sugar Uef. .
AnncondA
American LocomotlTS.
do. preferred. . . .
Am. Smelting Uef. . .
do. preferred. . ...
Atchison
do. preferred. . . .
American Cotton Oil. ..
Am. Car Foundry. . .
Baltimore A Ohio. . .
Brooklyn Rapid T. . .
Chesapeake & Ohio. .
Colorado Fusl A Iron.
Central Leather. . . .
do. preferred. . . .
Chicago A Great W. .
Chicago, M. A St. P. .
Delaware A Hudson. .
Distiller's Securities. .
Erie
do. preferred. . , .
General Electric. .
Illinois Central. . . • .
Am. Ice Securities. . .
Louisville A Nashville.
Missouri Pacif
n
SAME OF STOCK.
N. Y., Ont. A Western. . . ‘
National 1-ead
Northern Pacific ,. ,
New fork Central
Norfolk A Western. . . . ,
Pennsylvania . ,
People's Oas. ........
Pressed. Steel Car. . . . . ,
do.
Pacific Mall. ......
Rppubifc BtMi.*
Rock Island
do. preferred. . . . ,
United States Rubber,
do. preferred. . . , ,
Southern Pacific
Southern Railway. . • ,
do. preferred
Sloss-fibeffleld. ....
Tenn. Coal A Iron. . .
Texas A Pacific ,
Union pacific ,
United State* Steel. . ,
do. preferred. . . .
Vn.-Car. Chemical. , . .
do. preferred. . • • ,
Western Union. . , . .
Wabash . . ,
do. prefsrred. . • , ,
Wisconsin Central. . , ,
do. preferred. . . , ,
80051
m
*8*
m
ss
3m
ft
'iifii
I'!
83
NEW YORK.
The following Is the r«
tures In New York today:
Is the range In cotton fu«
Oct. ;
Nov. .
Dec. .
Jan. . ,
Feb. .
March.
April. .
May.. ,
June. .
July..
Closed steady.
10. P*'19.17
10.04 10.17
10.14 10.2L10.06
I0.2410.86f0.il
10.88
Si
10.04-tofi
10.06-06
10.fi->l'i
10.1617
10.26-28
10.84-35
1-.: ; •
m
10.80-22
10.24-25
10.82
10.4 ka
10.50-51
10.60-62
LIVERPOOL.
Tbs following flgurea give the opening
range and close, compared with yesterday's
close.
Futures opened easier.
Opening Previous
Range. Close. Close.
October 5.61 5.60V4 6.71
October-Xov 5.524-5.50 5.61 5.61
" ■“ 5.61
!> ec.-Jan
Jan.-FebJ.. .
Fob.-March..
Mnrch-Aprll
.. 5.55
h 5.56
.__.ll,.. .. ..5.60
4BS3&7 8
June-Jul/.,.., . . ..6.66
-5.6tt4 6.16
7HLS
-5.6214 5.66 5.74
5.66 5.75
NOTES ON GRAIN
Pointers on Provisions.
Karl.
lie following
“I have Juki ree
n Liverpool
Friday morning. Price gave out
Ived the following ...
'Buston’s clients sell-
estimating the crop.
1905-1906...
1909-1905.. .
1903-1904.. .
1902-1903.. .,
Huston's
Estimate.
10.250.000
..No estimate
.. ..11.250.00(1
11,800,000
ns follows:
Commercial
'53
13.570.000
10.100.000
^ 10,780,090
“The absurdity of any crop estimate of
1,009,000 Imles Is apparent when It Is ti
Into consideration that If. after Octobe.
ns much cotton Is ginned ns In 1904. the
hip will only be 12,100,000 bales (approx-
to October 18 I it Texas was
behind 1994, and the ginning In the other
states, up to October 18 Is 567,000 bales
less than last year, and only 227,0(19 bales
more than lu 1905."—New York Commer-
COTTON SEED OIL.
. . 21,597
. . 150.38ft
. . 100,241
. 60 ,143
..1,324,282
.2,822.292
me day last ysar.
Decrease
Jie. k on hand today. . . , .
eatne flay last ysar. . . . •
Decrease.
Kftlmated for tomorrow:
1,806
1996.
Netv Orleans 18.000 to SLOW
balveston 50,000 to 66.000
Houston 80,000 to 36.000
At the close.- the market was steady,
I I . H llgllfi points under the final quota
Hons *ff Saturday.
1905.
25.100
27.735
33,869
October. .
November.
Ilecrtnlter. ,
day. . .
Closed i
Onenlng. Closlos.
... 46 IfiSVi 53 065
. . . . 37HOMU 38%§39
. . . . 35461864 36*1036)1
. . . . SIU035 34%0$
. . 3lCesR4 34*035
. . . 344^35 33 035*4
No sales.
THE COFFEE MARKET.
New York. Oet. 29.—The coffee market
opened nt a decline of 5010 point* In re-
stHiuse tfi lower European cathes and scat
tering liquidation. The Rrastllnn markets
made n steady showing, prices Itclng un
changed. while the rate of exchange was
1-32(1 higher. Receipts nt the two port*
were 81,000. against 63,000 Inst year. Total
amount received at the two porta m* fur for
season 7.736.030 baps, against 5,572.000 last
ysnr.-4JllH»rt A Clay.
Following Is the opening range and
close of the New York cone market for
today:
8POT con ON MARKET.
Jberpool, Bitot cotton quiet and easier;
piddling uplands 5.85d; sales 7.000; Anmr-
i'‘«n 6,200s speculation and export 6)0; re-
ff *P * 8.000; American 2.40t>.
Atlanta, steady at 10 816c.
Vw York, quiet nt 10.60c.
New Orleans, easy nt 10V\
Augusta, steady at 10 516c.
ft. Louis, quiet at K>Hr.
Boston, quiet ut 10,75c.
Memphis, quiet* at 10r.
fnynnnah. easy at 19116c.
<>nIreston, quiet at 10 M0c.
Galveston, quiet nt 10Uc.
Norfolk, steady at lOHc.
Charleston, steady nt 101-16c.
TODAY'S PORT RECEIPTS.
The following table, shows receipts at the
Prts today * ~
Fast year:
.fit nun ry
February
March ..
April •
May
dune
July
August
September
October.. .. .
November. . .
December.. . .
Closed steady.
Opening
.. . .6.25-6.85
.. ..6.30-6.45
.. ..6.60
. .. .6.50 6.60
.. ..6.65-6.7')
.. ..6.70
.. ..6.75-6.85
.L90-6.95
., ..6.10-6.40
6.15-6.20
Close.
6.25-6.39
6.35-6.40
6.45-6.50
6,56-f.w
6.69-6.65
6.65-6.70
6.75-6.80
6.80-6.85
6.9)6.93
6.10-6.15
6.10-6.15
6.15-6.29
Private Wire to filbert A Cloy.
Chicago, Oct. 29.—Wheat opened higher
with offerings light. Trade uot heavy.
Heavy snow prevailing In Chicago.
Oats opened strong, with offerings l(gbt.
Corn opened higher.
Provisions lower under liquidation by
longs In October and November lard.
Look for steady market today In wheat
and corn. ,
Our house continues strongly bullish ou
corn. -
We feel friendly toward wheat ou i)ll
dips, prices are ou n cheap hasls and wbnt
ferenee. Lake been good buyer lioth May
and December wheat.
Local shorts all covering In wheat.
THE WEATHER:
LOCAL FORECAST.
WHEAT OPENED
f
Reacted and Was Unchang
ed From Saturday in the
Early Trading.
For Atlnotii ah:l Vicinity—Fair tmilghl
«n<1 Tur.ilny, with .lowly rl.ldB tcuiporn-
tur,; fro.t tonight.
WEATHER~COND>TION8.
Tho ooltl wnro of yestonl.y fttd tut
night now overlie, the noutbern noil ea.tern
,tnte» front Mtula.lnpt nml wenteru Too-
nemee uorthen,twortf to, -New York. lro«t
oernrred In the eotton twit from- l-oui.lnni,
nml Ark rru, rant ward to the eoe.t; henry
to killing lu the eeutrnl nml northern |e>r-
tlonn nf Mlnlnnlppl nml Alnlmmn. through
out Georgln, Tenn.nnee nml the WMtern
imrtloti, of tho t'nrollnnn. It In wnrmer
oyer the wenteru portion of the belt, tlienre
unrlhi’aitn-nril to the upper lake., enuneil
tw n trough of low prennnre with eeiitem
wenteru Teinn ond the up per Ml.ntn-
the upper Itneky Mountnln Tei,
Fnlr nml nllgtitly wnrmer wenther I, ex-
peeted In thin neetlon tonight nud Tuendn,
jirlth front tonight. '
COTTON REGION BULLETIN.
For th, it bourn ending at I n. m.. iith
tnerldlnn time. Ortolwr 3>. lkOL
STATIONS OF
ATLANTA
DISTRICT.
THE LIVE STOCK MARKET.
Chlengo. Oet. S*.—Hogn-Enttinated
eelptn tmlny itt,i*»; left over WJS; enti-
mnted for tomorrow.aW00. Market atMAr
to ntronger: nu.lltv fnlr: Imtk M.lSOMd,
light |d.l0@«.5i!; mlied |ilii®*.57ft; henrr
rough IS.85CS.10: |d*« is.oftfi.75;
Torker^ ifi.tOflS.M; gooil to cholee heavy
ruttte—^Istlmntetl reeelptn 25.1100. Mar
ket ntrong to lOe higher: dunllty fair;
Peeve, n.t0(t7.18: eow, S1.tOfr4.40: helfern
^o« ; m*M.s: SSC
* f Mhpep—Kytltmitwi mwlpt, MOM MnrU>
sn S&ttUK'lRSEtl-ESS
S4.50®7.W); wenteru H.SOttT.M.
INTERIOR MOVEMENT.
The following table nhnwn reeelptn nt the
Interior towns tmlay, compared with the
same day last year:
MciunhiR. .
St. Louis.
ClnripnstL
180IX)
3280
19706
1824
'•* ALABAMA OT.
GIBERT & CLAY
STOCKS, BONDS.
COTTON. CRAIN.
COFFEC. PROVISIONS.
MEMBERS:
ATLANTA. OA
; Liverpool Cotton Ass'a.
Stoek Exchange. I Ne
New York Co«M BiehnSfe! j New OrKtin Board “LTrajie. 1 OnlVenton Cotton Ek.
, PRIVATE WIRES TO ALL E7CCIIA.SGEA.
Local and Long Distance Telephone 6298. C. E. KEPLINOER. Managae.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 803.
\TLANTA* GEORGIA.
NEW ORLEANS.
The following Is tbs range lo cotton fa
tures la Ntw cVrtMu* today
<5cT .
Nov. ,
Dec. .
Jau. .
Feb. .
athretL
April.
May..
June.
July..
Closed steady.
R2I 6„
11.11-13 1
1 ».i'.-b-.
10.21-23
10.30-■:«
10.43-44
M.4N .’»•
10 >■ 57
10.61-61
10.74'10.67-99 K
L
ta 18-14
10.15-16
10.24-25
10.30-83
v.u 2
ia49 50
10.57-5®
fits.
GIBERT A CLAY’S
DAILY COTTON LETTER
Chicago, Oct. 29.—Following the lead
of- Wheat the grain niarkeU cloned
wrong and practically at the top. A
late cable nalil the Ruinlnn advice,
were very, bad aqtl that Oden,a feared — . ., . .
that deeding would be oo badly delayed *" d *
S'wfntmr wheat next h seanon h0, Tl!{a ■P |l>n ' r * 11 would nppenr that the wnrmer
of winter wheat next deaxon. Tht. I yy t . n th.r ludlceted for tomorrow would
■New Orleaua, Oct. 29.—Cable, llitjmatud
that the long liquidation hid lieen prne
ttrnlly eompjeted and that there now exletn
n ntinrt Interent of nome Imuprtenre. In the
net re,lilt option, lent iff 10 point, or |
Hnturdny'a elow. while ipot nelen amount:
to 7,000 bnlea 11 potntn down. Unnernl re-
>rtn of front In the cotton belt entt of
Me MtMtnliml rlrer entwed a eon.lderpM
dlmlnl.hm.nt of tho local abort Inter:
Improvement wnn loot on more pronouneed
• ir activity. The market contlnuee I •-
.. weather nffnlr, nerroun nt tlmen
event, of an Influential character occur, but
with n tendency toward Inwar lerola an
largo crop Idea, continue to predominate.
The magnitude of the movement In llkewlne
conducive to ntrengthen the prerailing aen-
fl'mefii.' th'e Odlreaton eattmate for tomor
row of 50.000 to 55,000 hale, being extreme
ly liberal. With protev,lonoI opinion cf-
. -r • i *-■ *11, ‘ -
helped. to Arm prices.
At live cloea wheat wae l-2c to 6-1 fii
3-4c higher; corn steady to l-4c up;
«ate etoady to l-8Jpl-4c better. Pro-
Yialona were unchanged to i l-2c low
er for pork; unchanged ttY>'S l-2c oft
.for lard and unchanged to lie lower
for rlbe?
Trade woe dull In all the pita, and
ottering, .were light.
There wn, ootne selling of wheat by
the North treat and by local holders.
The entail (Jecretue in the visible and
light Mlnneapolle receipts helped to
•teady the market.
Primary receipt! of wheat were
about 4,000,000 bushels under those of
lost year.
Clearancea were 6(2,000 bushel, of
wheat and flour, 293,000 bushels of
corn, ana 34,000 bushels of osts.
Cash prices were strong for wheat,
corn and oate.
torlsliy strengthen the potltlon of shorts
SEABOARD AIR LINE.
8ethoar:l Air Line common..
do. let preferred...'.
•to. M preferred.
do. 4 .
no. h yeat 6'e
do. 10-year
CHICAGO GRAIN MARKET.
USX. Min.
IS xT
Hi
H
VI
•Atlnnin. **Ii*nr
••(’hattanoogR, rlvar. ,
('olutnbus. « l»ar. . . ,
GainMvIllDg Hear. . .
Gwovlll**. clear. . .
Griffin, dear
•Macon, clear
Montlcello, «*lenr. . ,
Newnsn. clear. . . .
Home. dear. . . . e .
Kiiartanhtirg, clear. . .
Tallap«H)sn t clear.
Toceoa. clear. . . .
West I’olnt, dear.. . .
•Allnlniiiin temperatures are for iiv^lve-hoiir
narlod enrtlng st 8 a. m. this.dAlf. .
♦•KecelveU too late; not Included In arer
ages.
Mght frost st West Point. Go.. Thomas
vllle, Ala.. Havannsh. Thmnasvllle, Quit
mnn, Valdosta. Ga.. Kastman. Ga., I*nke
t’lty, Marianna. Tallahassee. Fin., Arling
ton, Tenn., Macon. Rome. (In.. Athens, Ga.
itl), Quitman, Milieu, ThonmsvUle, Albany,
Ga.. Newbern, N. t\. Ileriiando. Miss.;
Jackson. Miss. »34). Covington, Tenn. (83),
Killing frost at Spnrtanliurg. R. C.. C'llu-
ton. Ia. (35». Robellne tS2), Port Gibson,
Miss. (SO), Augusts. Ga. (34). Hatrabiirg. H.
C. Od», Htarkrllle, N. C. (3Jf. t’amsk, Ga.
•ah, Columbia. H. C. (34), Greenaboro, Ga.
(27l. Greenwood. H. C. (30), Washington. Ga.
(32), Okolonn, Miss. (31).
•* Mir-
_ Aberdeen, Miss.
139), Columbus. Miss.. Waynesboro, Miss.
13D, Meridian, Miss. (83). Clanton, Ala. (29),
Opelika. Ala. (32). Decatur, Ala.. Bollvnr,
Tenn. (31). Dyersburg, Tenn. (33). Holly
Rurlngs. Miss. (32), Milan, Teun. (31>< Koa-
eiBsko.
Atlonta
Augusts
Charleston
Galveston. . . . .
Little Itock
pr* .•.•.•.:•
Montgomery. . . *
New Orleans. . . .
Havannsh
Vicksburg
Hmington.
if?
HJ
Indicate, l-P-U^rn.
Dlst. Averages.
iisss:
July.... 76^4
CORN*.
Dec 43*i
May 41
J, i&riU 44 V
fe f 6
Jan.... 13.75
May... 13.75
Oct.... 8.50
LARD—
Nov.... 9.39
Jan... l.KVs
HIDES—
Oct...
Jan.... 7.A5
7.42V
WII
. . red ..
2 hard winter \
13.75 13.67V4 13.7214 13.72*4
13.75 13.72(5 W.75 13.H*5
9.52*4 9.50 9.5214 9.65
rn i-M i-ffi
7.ihi i.’sfl
L45 7.42H
I.IIO
7.65
7.(5
9.15
7.43
7.57K
PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat and corn:
Wheat—Receipts today 1,245,000 bushels,
last week 1,591,000 bushel* qnd last rear
1.700.01)0 bushels. Kblnroents today l.Ols.ao
bushels, last week 582.000 bushels, snd last
year 489,000 bushels.
Corn—Receipts tod
dmMi ^
bushels. Shipments today 293.bushe)*,
last week 750,vOO bushels and last year 191,-
000 bushels.
WEATHER FORECAST.
Georgia and West Florida—Fair Monday
aud Tuesday: warmer. ..
Louisiana. Alabama. Mississippi and East
Texts—Fair Monday nml Tuesday with
slowly rising temperatures.
Tennessee and Kentucky—Fair Monday:
warmer In western portion Tueeday; In
creasing cloudiness and warmer.
West Texas—Fair snd warmer Monday;
Tuesday partly cloudy.
Private Wire to Glbert & Cloy.
New York. Oct. 29.—Daniel Odell & Co.:
”4 ousblcr the market atlll In n trading posi
tion. A sale ou bulges and purchase only
on weak spots. Bank statement much Ihu-
ter than expected and Haturday’a rally may
lie continued today.”
Ou any good rally, would'not be nfrild to
sell thorn.
Taylor Cutting bought 5.000 Pensylvanla.
Rumors of 7 per cent ore persistently cir
culate!. ,
Think fiteel offers (o the Investor for n
long null except\inl opportunity. Will
probably pay 4 per cent In near future, ond
eventually sell much higher.
The lVunsyiranln meeting on November
!. Htock sails ex-dlvl(1end on fie 5th. an:
there Is talk of Increased dividend. United
States Steel meeting takes place tomorrow,
and there nml ntX u rumors regarding an
Increase In common.
New York. Oct. 29.—New York Financial
Review*: Bullish Information Is uoted at
home and abroad on Unltsd Staten rtteel,
which Is In shape to work higher. PbHuileL
phln tips Rend lug aud Pennsylvania for bet
terment. Roth seem to exhibit a technique
favorable to Improvement. We think Cop
per can be raised without much trouble, na
the shortage iu it is extended. Atchison Is
tipped from western sources, and we be
lieve Its position Is favorable to a moder
ate advance, smelting aborts could lie used
to raise that stock several points whsuevsr
It suits the Guggenheim —* “
drive nt Brooklyn Rnpld
again heard. Homo atock may be met fast
above 80. Htandord Oil Imylug Is reported
In Bt. Pnul. It Is In shape to punish the
large shortage. Louisville and Nashville
nnq Baltimore & Ohio should be bought and
held. We arc bullish on Union Pacific.
Honthern Pacific should sympathise with
any upward movement.
Dow-Jones nummary: American stocks In
London Irregular, mostly rather above par-
lind accident on Pennsylvania at Atlantic
City, with over fifty lives lost.
linden expects fairly stiff money rates
rer end of month, but Br- *—’*
should secure $5,000,000 gol
market today.
Consumption In most branches of industry
... -- production.
Vest complaining of labor
Cooler weather causes better demand for
anthracite.
Original plan for merger of Republic Steel
and Tennessee Coal and Iron alutndoned,
work on new plant ttegun.
Eighteen road a for third week of October
show average gross Increase of 12.11 per
cent.
Shortage of cars Important factor In steel
ndnstry at *
_ Sa ttonnl
... sftng*’ of catton bllla weakening
exchange In spite of high money rates lu
London.
Twelve Industrials advanced .31 per cent.
Twenty active railroads advanced .17 per
cent.
ATLANTA MARKETS.
4 FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
Produce Exchange, ^■
Pineapples. 32.5C)it3.00.
Bananas, atralghta, per bnncli, 51.5001.75.
Culls, per hunch. 31.Ofol.23.
POULTRY AND COUNTRY PRODUCE—
Live hens. 371940c; fries, 22H®80e; broilers,
lsesoc.
Dressed friers. 16c pound.
Dressed liens, per pound. 13014c.
Live ducks, Pekin. 35c; puddle, 2S0?7Vic.
Eggs, per dozen. 25c.
Rutter, table, per pound, 2O022Vic; cook*
“ per pound, 12V4015c.
l 8010c pound; lu one-pound
,EE—Irish potatoes, No.
H ans. pcr poutui, 6c; Nary, $2.10 per
bushel.
Onions, per bushel. 31.10.
Nek* sweet potatoes. 30040c per bushel.
STOCKS RULED
W_ STRONG
Advances of a Frateion to a
Point were Scored in
First Hour.
Lemon., 46.00.
-FLOUR. GRAIN, PROVISIONS,
NORTHWEST CAR8.
Til, following figure, give tlie Nqrthwe.t
cere of tod.r, In.t week and l.nt yeur:
Ln.f Mat
Todny. Week. Yenr.
Mlnnenpoll, 9M 419 <M
Duluth. 9M 116 273
SOUTHERN EXCHANGE
Oldext Bftabll.hed Office 8otith.
COHON STOWS—BONDS—GRAIN
Ground Floor Oould Building. Dally
market letter And market manual
mailed on kfrp'.leatlon.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFERENCE, THE NEAL DANK
PHONE MIT. PRUDENTIAL BLOC
OATH—Choice white clipped, 50c; No. 2
white, p «c; No. 2 mixed, wc; ~
water-ground, per hoihel,
— c m:nd Jute., per tm.hel, Sic;
Short., white, 91.60; mwlliim, $1.(0; brown,
I1.S6; pure l>r«n, 11.20; mixed bmn, 11.15. __
I1AY—Timothy, choice large bale^ 11.25:
„o„ choice emnll lialex. 41.20; do.. No, 1
clover mixed, 41.10; do.. No. 2 clover mixed,
41.16. Illiolco liertuuda. 40c.
^ItYE—Cleorgln, 41,06; Tentii
The above price, are' f. o. b. Atlanta.
GROCERIES. -
SI’flAll—standard granulated, 46.10. New
York teflned. 4“4c: : plantation, 5c.
t'OFKKE—Konatcl Arliuckle'a. 114.50; bulk
In luiga or Imrrrle, IV: green. lOfilfc.
nick—Carolina, 4rtCIHc. according to the
grade.
CHKBKK—Fancy full cream dairy, lSlic;
enncaaee, 40c. Bir
belllea, 20-5 pouuda, 410.4714; fat back!.
plate., 46.26; Supreme lard, l".»: Ited Croea,
10c; Know Drift compound, 44.25.
UNION PACIFIC LEADS
Gained Over Point—Read
ing and Steel .Common
Were Also Strong.
New York, Opt. 29.—Tbs wssk opened
both abroad and nt home with the moru
hopeful feeling still present whleh < h:»rn< *
terlxed last week's close. At London much
encouragement was afforded Iiy jhe fn-'t
that practically nil the $5.0QO.ooo In gold nr-
riving from the cape went Into the Bank
of England. This tended to support tin
UDore sanguine view of the money situs
tlon, wl
that the Kuglltdi bank will
without any further coerrl.
elgn exchanges. There was no partlcutn
variation In any of the money markets («
dny, but foreign securities were general 1
firm and following a higher rang** of Loi
don prices on American storks. Londoi
was a buyar at our opeulug,
figures, but
Improved and during
level firmly. _
dull sad unimportant, and for the
part teemed to consist of nothing beyond
the evening-up of speculative commitments
on both sines of the mnrkot, induced by the
genera! desire not to hold any decided post*
tlon dorlug the uncertainties of the next
ten ds/6. Rending, Union Pacific, steel
common and Pennsylvania—the latter in
anlte, of yesterday's disaster—were tha
strongest stocks ou the list.
The stock market ruled fairly stroug all
through the flrst hour with Hteel common
the feature. advancing to 48**. Reading,
which la regarded as a market leader,
opened Ji , higher and advanced to 142»».
Union Pacific also made a gain of over l
point. Colorado Fuel went to 5ML
Governments unchanged. Other bonds
quiet.
LONOON STOCK MARKET.
STOCKS
Amalgamated Copper..
Anaconda....,
Ateblsou. ...
do, preferred. ...
Baltimore ami Ohio. . .
Dearer and Rio Grande.
Erie s.... .. ..
do. preferred..
Canadian l*ncUlc..
Illinois Cet
Kansas am
do, nroforjvti.. .. ..
Louisville nml Nashville
New York Contrail
Norfolk and Western. . .. .
Northern Purifle. . . .
Ontario and Western.
'•nnsrlvanla
Philadelphia and Reading. ..
Rock Island. ........
Southern Pacific..
Southern Railway,
do. preferred.. .
lit. Paul
' Tnlon Pacific..
United States Hteel
do, preferred.. .
Wabash .
do, preferred..
STOCKS ANQ BONDS.
Georgia 4W*. lfl* —
Georgia Railroad 6's, 1919 1(10
S vannah B'a. 1N» 102*4
iron Is, 1910 106
Bid. Asked.
312 313
« Ss
112
> It.
A turn* 6-., 1911.
Atlnntx 4'e, 1922 107
Atlanta 4't. mi 106
Atlanta * Vnt Point 1C
Atlanta & Waat Point debta.. 107
Ontrol Ur. nf Ga. l.t Income
lo. 2d Income
Jn. 9d Income .....
Georgia 2*0
Anxu.ta A Savannah 115
Mouthwe.tern 116
Ueorlga rnclfle 'lata |io
LIVERPOOL GRAIN MARKET.
Wheit- Opened thigher; nt 1:30 m.
He higher; clo.cd 11:1iiRf-d to lie higher.
Porn—(tpened *4r higher; at 1m. m.,
14c higher; ctoaed 'iClac higher.
CHICAGO CAR LOTS,
Todav. Totuor,
Wheat Til
Porn 2^4 sat
o.t. 92 217
I logs 800) Him
Safe Deposit Boxes
For rent in our vaults in ibe basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co.
Temperatures were decidedly lower over
the belt the past 24 hours except In the ex
treme western portion, with heavy to kill
ing frosts east of the Mississippi river.
There was no rainfall snd the weather was
generally clear.
W. A. MITCHELL.
Taipooranly la Charge.
THE METAL MARKET. .
New York, Oet. 29.—The metal market
was slightly more active. Tin woa active.
MINING STOCKS.
Boston. Oet. 29.—Utah (&*: Copper Range
#>!4*4 KbauD.ui 16v4; Michigan J7ft; Old
Domic let M
LOWRY NATIONAL BANK
Designated Depository of the United States;
CAPITAL $500,000.00
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.
H. If. Atklusoo, V. P.
Joseph A. McCord, Cashier.
Frank Hawkins, President.
Third National Bank
32 % Compound Interest
!■ the rate your money will draw If deooilted In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. . CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to call and Inepect our quarter* and Investigate
our facilities to terve you. A hearty welcoms await* you at thl*
bank. .
ASA G. CANDLER, President.
W. II. I ATTERSON, Vlee-Prea. A. P. COLES, Caehler.
JOHN S. OWENS, Vlce-Preti. WM. O. OWEN8, Axel. Cashier.
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. JL W. Calhoun.
Dtrgaa.
_ UV. Grant.
r. McCord.
DIRECTORS:
Frank Hawkins.
II. M. Atkinson.
Joseph A. McCord.
WM. L. PEEL. President.
ROBERT P. MADDOX. Vice President
JAH. 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.