The Atlanta Georgian. (Atlanta, GA.) 1906-1907, November 05, 1906, Image 11
NEWS AND QOSSIP
Of the Kieecy Staple.
Has a Depressing Iuflueuee
on tlie Price of
Cotton.
BELOW 10-CENT MARK
The Trade Expects Only
Temporary Advances Dur
ing Heavy Movement.
Sow York. N«>*. 5.—Tile cotton market
ninth* a t*oor response to unexpectedly
gtrMl p cable*. The professional element wo*
evidently a literal seller of cotton, bought
Saturday on predictions of another tropical
■torn,, which, however, did not muterlalUe.
Liverpool was expected to show an Im-
iinivenient In price* of 2 point* this moru-
I,iit Instead the 12:30 p. m. market
advances of from 4 to 5 point* In
futures department. Immediately after
inc.
By Private Wire to Glbert & Clay.
• w ^Or|ean* f Nov. 5.—Liverpool 4 to
5 up I* a good market." Wan due 1 to 2
up* should open about 6 points
higher.
Liverpool cables: “Market affected
at first unfavorably by Importers sell
ing and afterward Improved on shorts
covering.”
American markets closed tomorrow.
The decline today has been entirely
due to the activity of bears based upon
the absolute lack of outside interest.
At the moment piollt taking by shorts
has checked the easiness, but the mar
ket does not look healthy and Is with
out support.
The western forecast indicates for
tonight and Tuesday fair und warmer
weather with Increasing cloudiness to
morrow In western Texas.
The eastern forecast Indicates partly
cloudy weather tonight and Tuesday In
North Carolina, west Florida and Ala
bama, with possible showers Tuesday
in the two former states. For Missis
sippi fair tonight and Tuesday with
warmer weather. For the balance
showers tonight und Tuesday.
Joseph B. Lively
Private Wire to filbert A Clay.
New York, Nov. 5.—Marshall, Hpader Sc
Co.: While most tiling* polut to n steady
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Coast I me.
American Sugar Uef. .
AuflcondA. .......
American Locomotive.
Uo. preferred.
Baltimore * Ohio.
Canadlnu Pacific.
Chicago &. Xortfcw'n.
Chesapeake A Ohio.
GIBERT & CLAY'S
DAILY COTTON LETTER
Now Orleans. Nov. 5.—After an errntl
eotirse option* finally closed niielinnged to 1
point advance over Saturday's level*.
The foreign market has all the appearance
till* opeillllg II lounvio-.v nua nwitu,
,,„l iti. mnrki't sold off slowly" during the
remainder of the session, the '-lose Ipellig
■leads' nud nuehonited to 1 point up.
r.ilinwlnf Is the reuse In 'the active
months In Liverpool today.
Open, llljh. Low.
Noveiulmr ».«0 3.48 5.3*
j, 5.38 5.43 5.33
Mnrrh-Aprll MS MS 5.30
Mnv.lune B.48 5.54% n.44
sjsjt market wns steady, middling
.toil un •_* tmtfita tO 6.72 011
Mug marked up 2 points
on l.lverpool's early showing th«
York market was due to open 4 to 4 point*
higher. The decline In Liverpool, liowev
..... . ...- o|»enliig prevented n full retpo
first price* lor the active month* belug only
1 to :l point* higher, and during the worn-
, r 4'n*Ion Initial quotations were the be
ih,. Imvember option breaking 14 polut*,
January 13, March 12, to 9.92, and May 1U
jK'lllt*.
nml the farmers lire taking
1 Srlv estimates of receipts 68,000 bale .
■ sailed 64,314 actual Inst year and 61,794 In
i:*M.
Tlmos-Democrat, In Its summary of
t*i,’ situation, says:
“Below 10 cents the staple quite naturally
Ii:i» acquired additional friend*, while at
tin- same time chronic bear*, actuated
jmrelv by motive* of prudem-e, now evi
very Intention of awaiting develop
ment* before again testing the temper of
tie* trade. Under the circumstance* a *mall
volume of short covering wa* sufficient to
nN*i*t the price no little. As yet the taleut
„ the cotton Industry nml the
delay* In early shipments an adequate ex
planation of the record-breaking movement,
nml circumstances are such that ' *
— and supply
persistently hold the spot man to a strict
accounting. The actual cotton man ha*
found by actual experience that u very
' irge crop has been sold, the evidence of
rhle* * * ‘
which I* best seen In the consistent caution
lower. The figures show much the heaviest
movement In the history of cotton. It seems
that there Is no Umit to the movement ex
cept the ability of the carriers of tho
Mouth to move the cotton. Both this week
and last weok all the records of the big
crop year were pawed, and there has come
tho prospect of as much or more having to
Mem to be any i
There doe* not
'The hates? The bales?’ when the movement
is large, I
by fightlm
Is large, have been losing money recently
Ightlng the decline. It Is unually the
case on a declining mnrket that the outsld-
era tors around the ring
striving to guess the tmttom.
Comparative receipts at all United States
higher. Tomorrow being u holiday
lit the American mnrket*. hu*!ue*R today
lapsed Into an uninteresting r-tnte. The
rly decline resulted from a positive lack
of support. targe crop Idea* couth,tie to
the rInner*' report to be Issued Thursday
I* unmistakably bearish, estimates ranging
in the neighborhood of 6.800.000 tales,
increase of nlMUit 300,000 bales over same
period In 1906. As far as the actual situa
tion I* concerned, there ha* lw*en little. If
any, specific change, but nevertheless dur
ing the flay there developed both here and
abroad In speculative sentiment* a disposi
tion ;o lock with favor upon a reaction from
existing market price*. This change in feel
ing I* nothing more than a reactionary he
the spot sltuatl
doe* not reflect any ab
normal demand for cotton and the country
business drag* over with ii tendency on the
uirt of holder* to await a better Helling
•nrls. I'rolmbly this policy of withholding
ould be retracted were a further detdlne
to reaiilt nml the spinner knowing this Is n
purchaser of no more than necessities.
THE WEATHER.
LOCAL FORECAST.
WEATHER CONDITIONS.
the c
ry r .
morning has moved eastward nud hns de
creased In energy. Today Its crest extends
from New England southwest Into east Ten
nessee. The low pressure area In the north-
eat lias moved from the Pacific coast east-
..nrd to northern Montana, causing some
what higher temperature* to the southeast
of the center.
Fair weather prevail* throughout most of
Colorado Fuel A Iron.
Central Leather. • . .
do. preferred.
Pei a ware A Hudson.
Distiller's Securities. ,
Erie.
do.
Ofankl . . .
Illinois Central
Am. Ice Securities. . .
Louisville A Ns shrill*.
Mexican Central. . . .
Missouri Pmelite
Total stock sales today 634.8(0 scares.
NAME OF STOCK.
N. Y.. Out. A Western.
National !*«ad. . . . *.
Northern Pacific. * . .
New York Central. . .
Norfolk A Western. .
Pennsylvania -
People's tins -
Pressed Steel Car, . .
preferred. . . .
Mall
Pacific !
Republic Steel
ltock Island
do. preferred. . . . .
United States Rubber. ,
do. preferred
Southern Pacific
Southern Hallway. . . ,
do. prcfsrred
Slosa-Sbeffleld
Tenn. Coal k Iron. . . .
Texas A Pacific
Union Pacific
United States Steel. . .
do. preferred.
Wabash . . .
do. preferred. . . ,
Wisconsin Central. . ,
do. preferred. . .
NEW YORK.
Tfcf follCTlns I* lb. range In cotton fn-
turco In N«w York today.
a
1
a
u
t
3
Ii
1
||
So
Nov
Dec
Jan
Feb
March. . . .
April. . . .
May
June. . . .
July.. ; . .
9.??} 9.78
9.85 9.85
0.90 M0
9.911 9.91
10.03i 10.05
i&ii iojd
10.2010.20
10.24(10.24
0.77
9.70
9.77
9.83
9.93
io!o4
10.14
10.16
9.77| 9.74-76] 9.86-S8
9.701 9.70-71j 9.83-84
9.79 9.78-79| 9.89-90
9.89 9.84-861 9.97-99
9.96 9.96-96110.05-07
10.01-03110.12-13
10.08 10.07-08 10.17-18
10.14 10.14-15 10.21-23
10.16 HU7-19U0.26-27
WHEAT SITUATION
CAUSES ACTIVITY
tlon lias occurred east of the Itoeky Moun
tains. Know Is falling at Yellowstone Park
ami rain ha* fuller, on the north Pacific
const.
There has been a steady rise In tempera
ture at most stations In the south nud In
elsewhere- the
er In this section tonight and Tuesday.
Minimum and Maximum Tsmpsraturaa.
Ohservntfons taken nt 8 n. in., 76th merid
ian time.
Amarillo. . .
Asheville. . .
Atlanta. . . .
Augusta. . . .
Birmingham..
Bismarck. . .
Boston. . . .
Buffalo
Charleston. .
Chicago. . . .
Dnvcuport. .
I lodge
El Paso. . . .
Fort Smith. . ,
fjslvestou. . .
receipts today
Same dsy last year
9.448
.. ..132.626
.. ..112,719
19,907
..2.790,417
..2,636,174
Movement at Atlantu:
Receipts today
Name day last year .,
Decrease ,.
Shipments today ..
ontne day lust year
Decrease .. .. ,, ,,
Ntoek on hand today
Nrum- day last year
Increase
Intimated for tomorrow:
2.282
1906.
£*mv Orleans
ynlveston .. .
Houston ..
'I after Monday. November 12, the
i at 4 p . u,. '
■■ ...... Illll-l MIIIIIIHI.
‘•‘v-nnsd mnrket will d ...
Mciol of 4:30 as heretofore.
I he next glnners' report will be Issued nt
- b **»• New York time. November S. and
..*hotv the amount of eottoii ginned up
to \ii
! ■ points lower.
Liverpool I* due to eotne michnnged to 2
•••iiiu lower Tuesday morning.
Kansas City.
Key West. . .
Knoxville. . .
Los Angeles..
Maeon
Memphis. . .
Meridian. . .
Mile* City. .
Mobile. . . .
Montgomery.
North l’lntte.
Omaha. . . .
Palestine. . .
Pittsburg.
Portland, Me. . .
Portland, Ore. .
St. Louis. . . .
St. Paul
San Francisco..
Savannah
Spokane
Tampa
Taylor.
Thomasvule, ,
Vicksburg. .
Washington. .
Wilmington.
TODAY'S PORT RECEIPT8.
The following table, shows receipts at ths
ports today, compared with the sumo day
Inst year:
SPOT COT!ON MARKET.
blvorpooi spot cotton steady: middling
• “ u,2d. Sales 7.000. American 6.590.
•Ipts 16,000,
^{••■ alailui, ami export 500; r
'll American.
Atlanta—Sternly, r .
, N V'»rk-Qttlet, 10.3); dell
New Orleans
Oalvestou. .
Mobile. . . .
Suvannidi. •
Charleston. .
Wilmington.
Norfolk.
1655
15439
1323
15206
24303
2499
11916
There Is a situation developing, or
already developed, In the spring wheat
country which Is worthy the attention
of wheat trader* the world over. These
conditions have received more attention
than usual this week, and as a result
wheat prices scored an advance of
about 2c for May and a little better
than thl* for the December at best
prices of the week, reached Friday
morning. This gain In prices does not
represent fairly the Improved activity
in trade, us on one or two days the
market had a swing of about lc, and
yet closed with no material change.
wo or three of the more Important
thing* which come to the surface In
connection with the spring wheat crop
may be enumerated. There Is nothing
new in the fact that Minneapolis re
ceipts continue to run very light. In
fact about half aa large as a year ago.
It Is nothing new to state that Minne
apolis stocks arc decreasing when there
should be a natural Increase of possi
bly a million bushels a week at this
time of year. But the reasons for this
remarkable falling off In the movement
of wheat to the biggest milling center
in tho world are more apparent and
better understood than before.
For weeks the trade has been made
to believe thut tho railroads in the
’spring wheat country either could not
or would not move the wheat forward
and stories were printed, way after day
about the great number of cars on this
side tracks. The Impression was giv
en that some day or some week there
would be a special effort made and
celpts might be so large as to swamp
the entire trade and break prices. Lat
est and best advices from the spring
wheat country this week Indicate that
the Important Interior milling points of
the northwest are drawing heavily on
the wheat In their respective localities.
On Friday n northwest leader reported
that very much of the South Dakota
wheat was going from the local sta
tions to the country milling points.
LIVERPOOL.
The following figures give the opening
■nuge nud close, compared with yesterday •
rnuge :
close.
Futures opened steady.
Opening
Ranke.
Xovemlier. .
Nov.-Dee. , •
I>ec.-Jan. . «
Jan.-Feb. . .
Feb.-Mnrch. .
March-April
April May.. ,
6.34
Mny-Juno.
Juue-Jnly. 1 . . .
July-Angast.. . .
Close,! steady.
6.50 -5.44
6.35 V4-6.38
6.36 -6.38
6.38 -5.46
6.404-6.43
5.42 -5.65% 5.41
5.44 -5.48 6.44
5.43 -5.51 5.46*
5.50 -5.61% 5.4S|
5.52 -S.64 5.601
Previous
Close. Close.
5.40 5.40
5.34% 5.34%
5.39
5.84
5.36
5.38%
.6.41
6.43%
5.46
5.48
6.49%
NEW OIUiEANS.
The fotlowloc Is tha range Id cottoo fa-
ture* lu New Orleans today:
I
§
3
!
S s
1
U
Nov
Dec
Jnn
Feb
March. , . .
April. . . .
May
June. . . .
July
9.34
Iff
9.95
iV.ii
10.10
10.25
lb! 36
9.86
9. .89
9.95
10.11
10.10
IAS
1X36
9.75
9.75
9.81
9.98
10.10
ID. 13
10.86
9.75
9.76
9.81
*9M
10.10
10.13
iliiis
T757P*
9.75-76
9.81-82
9.88-92
9.9748
1A0« 06
10.11-13
10.17-18
10.26-28
liliii
Closed barely stent
y.
PRICES
WERE UNCHANGED
Trade in Wheat Wns Light with
the Tendency Toward a
Lower Level.
Nothing could bo more ntuplil than
the apeculatlve marltet In corn every
day for the week. Price* at the cloae
yesterday were not l-4c from where
they were n week before. There I*
plenty of bear aenliment In the local
trade In May contracts, nnd no doubt
a large ahort Interest exl»t*. No ono
appear* to wlah to lead a campaign of
ahort Helling to force price* lower. Jt
ha* not proved an eaay matter In the
pa*t, and the atubbomnem of the mar
ket around 84c for thut month I* not
relished by the bears.
- Ortwin*— En«y. uv.
(>„|et, 10 me.
ninth—Quiet, ir-i. Stile* I.HI
> -Hit—Onlet. iMje. (Mien >1.
D.ilMiiiori*—X<— • -**
bntlnal. 10%<\
.lift, W
—Mtpiuly.
INTERIOR MOVEMENT.
v .e tt 11 >
uft; 1lk ~Ht«idy. 101-16
16765
3015
SSI1
GIBERT & CLAY
ATLANTA. CA
\ork gfock Exchsuir*'. t N>w Orleans Pot tan KsHisup*. ''bfcagrt Board of Trad*.
'II ^ rk Fottou Kxchancv. NVw O.l-jn* Stock Exchange, i f.lvcrpool fotfon Assn.
•' w «ork Uoffw Exclisiigc. t N#w Orleans Board of Trad*.
Galveston «'ott»a Ex.
» PRIVATE WIKI'S TO A!.!. KXrilAAOKN.
L «*l nnd Long Diitance Tulephone 5298. C. E. KEPLINCER, Manager.
alonzo richarosqn £ co.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 858.
ATLANTA. GEORGIA
Strength In provisions late In the
week almost* overshadowed the grain
markets at one time. The contracts for
October and November were fairly well
evened up, and tho bulk of the trade
went Into January and May. January
pork move,] up In a day or two from
$13.75 to $14.17 1-2, while lard and
ribs for the same month scored an ad
vance of nearly 25c.
The strength Is the natural out
growth of the lighter supply of hogs
which has been recorded for several
weeks. The experts In tho trade also
knew a day in advance that the stocks
of provisions would be cut down very
materially for the month of October.
When the official figures were made
public yesterday morning stock* of
pork were found to bo 15,000 barrets
less than a year ago, lard stocks 65,000
tee, less and ribs reduced one-hair for
the month nnd brought ddwn to a total
of 8.000.000 pounds, which Is half a*
much ns a year ago.
Hately’s report on lard stocks of the
world shows a reduction from 25g,00G
tes. October 1 to 181,000 ten. November
1. The publication of the figures gave
the market no immediate help. In fact,
there was n moderate break following
them, because so tunny who had lines
of product bought were ready to take
profits and sell while the bullish statis
tics supported the market.—-.Chicago
Evening Post.
Chicago, Nov. 5.—Tired longs had
wheat for sale during the session, and
It showed losses of 3-8@5-8c for the
day. There was a lack of demand and
there were less bull3 when tho market
closed. Bull news seemed to fall flat.
was welcomed by the longs, but
they refused to act upon it. The bears
and the longs here followed the north
western selling. Corn closed quiet and
3-8£pl-2c lower. Oats were up l-8<j>
l-4c and provisions 2 l-2f£10c lower.
The visible supply of wheat showed
an Increase of 896,000 bushels for the
week, while there were decreases of
37.000 bushels In corn and 133,000 bush-
els In oats.
Primary receipts of wheat 1,278,000
bushels and corn 638,000 bushels, com
pared with 1,663,00 nnd 786,000 bush
els, respectively, a year ago.
Clearances for the day were 832,000
bushels wheat, 538,000 bushels corn and
50.000 bushels oats.
Cash grain business Included 50,000
wheat, 40,000 bushels corn and 60,000
bushels oats at Chicago. The seaboard
repotted 8 load* wheat, 3 loads corn
nnd 50,000 bushels oats.
THE COFFEE MARKET.
New t ork. Nov. 6.—The coffee market
opened stendr at nurhatigod prices. The
business consisted of a little selling against
Brasilian offers, which were absorbed l».v a
not much
scattering demand. There
feature to the Umsllinn news. Santos was
higher, and the rate of exchange
1-32(1 higher, hut ltta was barely steady nnd
•Ipts were liberal at Interior point*.—
Glbert dr Cfojr.
Following table glvci. opening range and
‘■lose of tho New York coffee market for
today:
January .. .
February..
March .. ..
April .. ..
CHICAGO GRAIN MARKET.
for today U
Open.
WHEAT—
Dee. . . 74%
May. . . 79
High.
July
tfOKN-
Dee. . . 43%
May. . . 44
43U
44
4 Hi
42V
A
!>«■■ . . 34li 34Si
m St
33%
r OHK~
Jan. ,.13.95 13.97% W.*>
May ..14.07% 14.10 14.05
34%
3$
LARD—
Dec. .. 8.62%
Jan. .. 8.45
BIDES—
Jan.
May
9.30
::
east
WEATHER FORECAST.
ieorgla—Fair Monday aud Tuesday:
st winds.
fresh
Virginia—Fair Monday nnd Tuesday: light
■nffuttg winds.
North Carolina. Hotitli Carolina. Alabama,
nml Mississippi—Fair Monday and Tueadax;
fresh east winds.
Kasi Florida—Partly e!otidy Monday nml
Tuesday, with showers In *4»utb portion;
fresh east winds.
West Florida—Fair Monday ami Tdeotlay;
light to fresh east wind*.
Loiilsi/trm nml Bis! Texas—Fair Monday
nnd Tnesd.iv: light east winds. i
Western Texflx— Fair Monday nnd Tue
Cash Wheat-No. 2 red. 74*071%: No. .1
do., 73074: No. 2 hard winter, i3%075; No.
3 do., 72074.
August
September
Octolier
Noveuilier
!>eeeml>er
Closed steady.
OjH»ulng
. ..6.2549)
. . .6.39-6.40
..6.45-
. ..6.M-6.53
. . .G.60-6.H5
.. 6.65-6.75
.. 6.704.S)
. ..6.804.85
. ..6.934.85
. . .6.95-7.00
. ..6.104.20
. ..6.154.20
Clot*.
6.254.30
6.354.40
6.454.50
6.594.60
6.754.80
U. 80*6.85
6.904.96
in iM
6.10-6.15
6.154.20
COTTON SEED OIL.
November.
December.
January. .
good advance should the election
no disconcerting cause, the feellug tu
lug circles Is almost unanimous that
lug the strengthening or the Batik of Kng-
luud reserve, a speculative upturn lu
America a securities cannot consistently be
expected.
Dow-Jones' summary:
by n further rally lu Russian Itoml*.
Illinois Central directors meet Wednesday
' “ “ the question of control may he deter-
^._H«
ateel btisinc
IJght demnnd for stocks (u the loan
000,000.
Hlff demand for anthracite otlmulntlafi
record-production at uilues.
Pittsburg reports Indicate Iron trade
a sound basis nud premising well for next
year.
Mlxty-three roads for September show
average net Increase of 5.16 per eeut. and
for three months of 11.09 per cent.
Canadian Pacific earning* for the week
ended October 31 Increased $623,000.
Philadelphia nncj Heading railway in
creased wages 10 per cent to Pll employees
under $200 per month.
Twaive Industrial stocks doellued .11 per
cent.
Twenty active railroads advanced .21 per
cent.
chase of Union Pacific aud Baltimore and
Ohio.
Amalgamated Copper preferred can lie
raised further.
A Western hull move lu 8t. Paul U
pected lu some large houses.
8EAB0ARD AIR LINE.
Followlug were the closing quotations of
Seaboard Air Line stocks aud houds:
do. lat preferred.,
TURPENTINE LOST
ITS EARLY GAIN
Bavannah, (»n., Nov, 6.—Like the nrmy
which marched up the hill nml theu down
again, spirit* turpentine lost nil of Its
gains during the week, the late trading Hut-
ig — — —
opening ‘»n Monday. The weok liegnn with
the market firm nt 66c, nml the first day
Rowling Most Prominent
Feature on Reports of In
creased Dividend Rate.
MARKET WAS STRONG
Loudon Bought About 10,-
000 Shares, Chiefly Uniou
Pacific and Reading.
New York, Nor. 6.—Today's stock market
continued to move under the conflicting In
fluences of confidence In tomorrow's elec
tion results nnd fears of Increasing tension
in money rates. At the opening aud dur
ing the first hour price* were generally
can stock* wore higher In London nnd the
security markets oq the other side were
represented steady^with
- „ renewed ad
lu Russia ii maids the feature. Call
money, however, when tt begun to l»e
quoted after the first hour of the stock
exchange today opened at 6 per cent and
qnlokly rose to 7. nud under this abrupt
tightening what little animation there was
In the atock market soon subsided. At
midday prices were little changed from the
Sat unlit/ close nnd^be dealings had all
hut come to ' ““
chlse stock* ... ...
strong, the luterlmro Rapid
»se nnd.the dealings had all
a standstill. The local fran-
* were again conspicuously
lutcrlmro Rapid Transit Isauea
money outlook. M
For tho greater part of the first Upur
the stock market ruled strong, with Read
ing the most proud urn t feature on reports
of Increased dividend rate. There was
good buying lu Union I'nciflr, the local
truettona nud many other Issues that caus-
10,000 l _
Reading.
Government bonds unchanged.
Other bond* firm.
THE LONDON S10QK MARKET.
STOCK H-r
Auialgn ninte.! Copper* .
March
May 35%©3r,% 35%tt«*
Hales, 100 Jnnifiry at 35%. Closed steady.
THE PRIMARY MOVEMENT.
The folio win figures give the primary
movement of wheat nml corn.
Wheat receipts today 1,27,001 bushels,
against 1.663,00 Inst year. Shipment* to
day 48,000 bushel* against 721.000 bushels
hi*t year.
Corn receipts today 528,030 bushels
against 786.000 bushels last year. Slihi-
Hit'llt* today 461.000 bushels, against 2U t -
900 buslfels last year.
VISIBLE 8UPPLY.
Following Ilgtii’CN show visible sup
ply of grain today: Wheat, Increase ASM,-
OOO bushel*; corn, decrease 37,00-) bushels;
oats, decrease 153,000 bushels.
THE 8UGAR MARKET.
New York, Nov. 5.—Refined raw sugar
market steady nnd unchanged. London
beets sternly.
SOUTHERN EXCHANGE
Oldest K*tftbll*hed Office South.
COTTON STOCiiS BONOS —OfMJN
Ground Floor OouM Building. 1'mily
market letter und market manual
mailed on application. '
steps, generally the
je close being the opening for
the next day, the price rose to 66%c. hut
after lingering there for two days n sagging
developed. The close Saturday afternoon
wns nt 66%c, but In the late half hour's
trading the l»«*t price was 66c. The fluctua
tions are due to self-evident manipulation
by large Interests. The price 1* considera
bly lower than at the same senium Inst
year, though there are stronger natural In
fluences nt work for better values than
then.
The rosin market closed the week with
S nlns of 2c for window glass nml 5c for
?. with losses of 10c for M and 6c for I and
K. For the first time this season the two
top grades are selling at a parity. This
does not mean a grant deni, as neither
grade Is on the market to any extent at
this time of the year. The receipts of
spirit* for the week wore 2,866 ensks. ns
compared with 3.167 last rear. The retidpts
of main- were 10.619 hntrels. last year 11,419.
Thl* In Itself would l*» an argument for
higher values, liut In the prerent state of
tlic market Its effect seems to lie Ignored.
While prices for the pales nro higher than
nt the some time last year, M and Ixdow
nre badly cut, nml ns tlm great bulk of tho
receipts nre commons nml medlnm*, the
difference In returns to the protlucers Is
marked.
Anaconda.
Atchison. . . .
do. preferred.
Bnitltnore Sc Ohio. . .
Denver & ltlo Grande.
Erie .
do. preferred. . ...
Canadian I'aclflc; . . . •
Illinois Central
Kansas k Texas. . . .
do. preferred
Louisville A Nashville. ,
New York Central. . .
Norfolk Sc Western. . .
Northern Faeiflc. ....
Ontario & Western. . .
dphtu k Reading. ,
Hock Island.
Southern I’aclflc. .
Southern Railway.
do. preferred. ....
8t. I'nul
Union I'aclflc. . . . , ,
United States Stool. ,
do. preferred
MINING 8T0CK8.
114, Copper Range 82%, Old _
Shannon 13%. Smelting 64%. Smelting pre
ferred 46%, Allouos 39, Arcadian 6%.
THE AMERICAN AUDIT COMPANY
Home Offiae, 100 Broadway, New York City,
F. W. LAFERENTZ, C. P. A., President.
C. E. Manwaring, Vice President, Theo. Cocheu, Jr., C. P. A., fee. and Trees.
BRANCHES:
NEW YORK—Waldorf-Antorla. ATLANTA—Fourth Natl Bank Bid*.
BOSTON—Exchange Budding. CHICAGO—Marquette Budding.
WASHINGTON—Colorado Building. PHILADELPHIA—Bellerue-Btartford.
NEW ORLEANS—Hennen Building. SAN FRANCISCO—Belden Building.
LONDON. ENGLAND—4 Kin* Street, Cheapalde.
ATLANTA BRANCH 1016.18 Fourth National Bank Building.
0. B. BIDWELL, Resident Manager.
Telephone, Mein 872. Cable Address, Admit, N. Y.
CHICAGO CAR LOTS.
Wheat.
< 'orn. .
Oats. .
I log*. .
Today. Tomer.
N0RTHWE8T CARS.
ears of today, last week and Inst year:
Last Last
Today. Week. Year.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTOM, STOCKS, GRAIN
Correspondent's Capital $250,000
WM. L. M:EI. rmtdeet.
ROBERT F. MADDOX, Vies President
THOMAS J. I'ERPLEH. Cashier.
JAM EH G. LUSTER. Assistant Cashier.
JAM. T. WINDSOR. Assistant Cashier.
MADDOX-RUCKEF BANKING COMPANY.
CAPITAL
SURPLUS AND PROFITS
$200,000.00
$800,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
RCrCRCNCC, THE NEAL bank
PHONE I4IT. PfMJOCNTIAL BLOC
Frank ffawklnt. President.
R M. Atkinson. V. P. Thomas-C. Krwtn. AsaL Cashier.
»eph A. McCord, CaaMer. R. W. Hyera, Asst. Cashier.
Third National Bank
Capital . .
Surplus . .
. . $200,000.00.
. . $300,000.00.
Dr. A. W. Calltonn.
Milton Dnrgnu.
John, W v Urant.
DIRECTORS: J. n. Nti»D.llT.
I rani: JUwkln*. J. iurr»ll P»jn«.
II. M. Atkln.nn. p. D.
JoMpb A. McCord. UtHil Woodward.
Safe Deposit Boxes
For rent in our vaults in the basement of ihs
Empire tBuildlng for only $5.00 each per
annum.
Absolute Security and ell Modern Conveniences
You should not be without one. We invite
you to call and inspect them.
Title Guarantee and Trust Co,
Arknnsne. Tenn»>«re«», Kentucky nml West
Virginia—Fair Monday aud Tuesday.
THE METAL MARKET.
N«*w York. Nov. 6.—In tin spot ami near
►y delJrrrfr* were up %•-. •
• iint'hnngi^l.
Lead
am! spelter were UulL
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.
'M98S9PWWW
31 % Compound Interest
I* the rate your money will draw if deposited In the SAVINGS
DEPARTMENT of
CENTRAL BANK AND TRUST CORPORATION
CAPITAL $500,000.00. CANDLER BLDG.
STRONG, SAFE, CONSERVATIVE
You are Invited to cell end Inepect our quarter* ,nd inve.tlgoto
our facilJtie, to ,ervo you. A hearty welcome awaits you at thl,
bank.
ASA G. CANDLER. President.
W. II. t'.'.TTERSON, Vice-Pros. A. P. COLES. Ca,h>r.
JOHN 8. OWENS. Vle*?re*. WM. D. OWENS. A,,:. Ca.-hl,-