The Atlanta Georgian. (Atlanta, GA.) 1906-1907, November 05, 1906, Image 11

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Has a Depressing Influence on the Price of Cotton. below 10-CENT MARK The Trade Expects Only Temporary Advances Dur ing Heavy Movement. V.* York. Sot. 6.—The cotton market n poor response to unexpectedly cable*. The profesxloual clement nrna I'.j-’dr a liberal aeller o( cotton, bought Saturday on prediction* of another tropical itorta. which, however, did not materialise. Liverpool was expected to show au im- nrorriarnt In price, of 8 point* tht. morn- ?™ I, Bt Instead the 18:80 p. m. market .hoired ndvoare* of from 4 to 6 point* In. /he futures department. Immediately after he tipenlng a tendency to sag tvns noted, til.- market aold off slowly during t limslnder of the session, the closo boll JSjSf and nnehanged to 1 point up. pillowing is tho range In the uctlro B0 „,b. in urerpool tgday. Low . K 1:8 H:* g*"-.-./:: IS ifik KJ 215 SWVfl SSWWfc'SriKl b j£* Liverpool's early showing the New York market was due to open 4 to 6 poluts higher The decline lu Urerpool. however, after the opening prerented a full response, Sint Prices for the active months being only 1 to 3 points higher, and during the morn ing session Initial nuotatlons wore tb© best, I* December option breaking 14 points. January 13, March 12, to 9.92, and Mny 10 1 V*rom flic low points there was n feeble n tir of n few points with the tone steady. Adverse Influences were the continued One Ka’rlv estimates of receipts 68,000 bales. 12ains't 64.314 actual Inst year and 61,794 lu 3 '*Ttu» Tlmes Democrat, In Its summary of the situation. says: •Below 10 cents the staple quite naturally tint Acquired additional friends, while at fh** same time chronic bears, actuated purely by motives of prudence, now evl- ,!fnH' every Intention of awaiting develop- meats I**f«»n* again testing the temi»er of ih«* trade, Under the clrcnmstnnceM i« small volume of short covering was sufficient to assist the price no little. As yet the talent Is hardly prepared to recognize in the lint- nral growth of the cotton Industry nnd the delay In early shipments nu adequate ex- ptanatlon of the record-breaking movement, and clrcunistanees an* such that none hat tho unthinking speculator will sell the other man's pronerty at bargain counter prices when the relations of demand and supply Insistently hold tho spot man to a strict flmmntJnff. The actual cotton i * “ found by actual experience that targe crop has been sold, the evidence of which Is host seen In the consistent caution ho displays In contracting tresh obligation." New York Commercial: "The weight of tho cotton Is crushing prlcea down still lower. The figures show much the heaviest movement In the history of cotton, ft seems that there Is no Umlt to the movement ex- rept the ability of the carriers of the South tu move the cotton. JJoth this week sud Ins; week nil the records of the big crop year were passed, and there has cotne Into sight lu the two weeks considerably more than 160.000,000 worth of cotton, with the prospect of as much or more having to lie taken care of In the next two weeks. Naturally such a movement is not produc tive of advancing prices. There doe* not wrm to be any particular effort to hammer the market, such ns there often Is. of the brokers who usually cry. By'Private Wire to Glbert & Clay. XewjPricang. Nov. ^--Liverpool 4 to 5 up la a good market. Was due Tto 2 up. We 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 profit taking by shorts bus checked the easiness, but the mar ket does not look heqlthy and Is with out support The western forecast indicates for tonight and Tuesday fair and 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 and Tuesday. GIBERT & CLAY'S DAILY COTTON LETTER RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Ign market Juts nil the appearance of being oversold and the more cotiterva- element abroad are of the otduton that the American markets, business today lapsed Into nu uninteresting state. The early decline resulted from it positive lack of support. Large crop Ideas continue to predominate nml the feeling with regard to the glliners* report to be Issued Thursday Is unmistakably bearish, estimates ranging n tho neighborhood of C.800,000 bales, or an ncrease of about 300,000 bales over same erlod In 1906. As far n* the actual sltun- 'on Is concerned, there lias l»een little. If Iw tiuu is concerned, mere nni item nine, u any, specific change, but nevertheless dur ing the day there developed both here and abroad In speculative sentiments a disposi tion to look with favor upon a reaction from existing mnrket prices. This change in feel ing Is nothing more than a renetfonury he ller, after the present extensive decline, for the spot sltuntlou does not reflect any ab normal demand for cotton mid the country business drags over with ft tendency on the part of holders to uwnlt a better selling basis. Probably this policy of withholding would be retracted were a further decline to result and the spinner knowing this is a purchaser of no more than necessities. THE WEATHER. LOCAL FORECAST. Amalgamated Copper. . . , Atlantic. Coast Line. . . . . America*: Sugar lief. , . . . Auaconda. ....... . . . American Locomotive. . . . do. preferred Am. Smelting Itcf do. preferred Atchison do. preferred American Cot*op Oil Am. Car Foundry Baltimore A Ohio Brooklyn Rapid T. Canadian Pacific Chicago & NorthWu Chesapeake & Ohio Colorado Fuel A Iron. . . . Central Lent her. „ do. preferred Chicago A Great W Chicago. M. A St. r Delaware A Hudson. . . . . Distiller*! Securities Erie „ do. preferred Genera f Electric Illinois Central Am. Ice Securities Louisville A Nashville. . . . Mexican Central Missouri J»n clfle. , . . Total stock sites I 111*1 H29 today 68LS6jT shares. % •sal |*M • *h;\ NAME OF STOCK. .V. Y.. Oat A Western. . ‘ National Lead. ..... Northern I»nclfle. . . * . Now York Central Norfolk A Western. - . . Pennsylvania. ....... People's Gaa Pressed Steel Car. . * • . do. preferred Pacific Mall Reading. Republic steel Rock Island do. preferred. . . . . . United States Rubber. . « do. ptrferred. . . * * . Sonih'-ni Pacific b'outbern Hallway do. preferred. . . . . * SIoss-ShefTield. Tenrt. coal & Iron. , . . . Texas A Pacflie Union Pacific United States -Steal. . . • do. preferred Vo.-Car. Chemical do. preferred Western Union Wabash do. preferred Wisconsin Central do. preferred, t . , . . 46*4 1? 1 I Private Wire to Glbert A Clay. Now York, Nov. ft.—Marshall. Spader & Co,: While most things point to ti steady market today, which nitty Ik* followed by n good ad ranee should tin? d>*rtIoti furnish iio disconcerting cans©, the feeling In bank -1 lug circles Is almost ununlmouM that pend ing the strengthening of the Bank of Eng land reserve, n B|>©cuhUlre upturn In Ameilcnu securities cannot consistently bo expected. lKnv-Jones’ summary: American stocks In Ixmdou firm Udfti above parity. Tone of foreign markets cheerful, helped by a further rally In Russian bonds. Illinois Central directors meet Wednesday when tho question of control may l>6 deter mined. AU signs point to election of Hughes. Cold weather and election uncertainty cause slight falling off lu uew structural steel business. Llglit demand for stocks lu the loan crowd. Twenty-six batiks show less than legit 1 re- »rre f“ *•—*- ■*“* * '**- — *- .iterlo 000.000. Big demand for anthracite stimulating word-production at mines, Pittsburg reports Indicate Iron trade on n souud basts and promising well for uext yesr. Hlxty-thrce roads for average net increase of 6.1 ... for three months of 11.09 per cent. BUYING WAS GOOD IN A jEW ISSUES Reading Most Prominent Feature on Reports of Iti- ereased Dividend Rate. NEW YORK. The following is tb® range In cotton fn* tnrea In New York today: K’ov. . . Doc. . . Jnu. . . Feb. . . March. . flSS!:: June. . July.. . Wf 9.71 9.85 9.70 9.90 9.77 M. 14 i 10.16; 10.04 . 19.30,10.2010. li .10.24 10.24 10. a 10.08 10.14 II 10.16 i m tuwmjA 9.70-71| 9.8344 9.78-79< 9.89 90 9.84-86 9.97-99 9.96-9610.05-07 10.01-03*10.12-13 10.07-08110.17-18 10.24-16110.31-23 10.17-19110.26-27 WHEAT SITUATION CAUSES ACTIVITY Vor Atlanta and Vicinity—Partly < tonight nnd Tuesday WEATHER~CONDITIONS. fighting the decline. It Is usually the • oa a declining market that the outshl- ••rii lose nnd the profeasiounls win, but the panlle Inis lost little or no money on the rc- • ent decline, while tunny of the clever up- ••rater* around the ring have lost by valuly *!mhtg to gneta the bottom.'’ Comparative receipts at all United States ports: Not receipts today 73,762 earn.: day last year 64,314 Total receipts for two ilay* Same days last yesr Total receipts since September 1 Mine Him.* )n»t year Movement at Atlanta: Rwelpu today day last year .. .. Decrease .. ,, , JjMpmeat* t.MlaV „ “nnie dnv Just year .« .. Demise JJbHk on hand today .. . aatyo day ia*t year , Increasp # K*tlimited for tomorrow* w „ . 1900. 1W6J ■vn 'Irfans 19,000 to 22.000 19,684 ti« 7'" n 62,0)0 to 38.0UO 25.832 A? 37,000 to 40,000 r . i'. ' 1 !U "| niter Monday. November 12, IhL » po V l will close at 4 p. m.. In- nf 4:3* as heretofore. a ‘ h " ""'f Khtnera* report will 1h* Issued at urn 't!* Ywfc time, November 8, ami . 'V®"*', tho amount of cottou gluued up T0 TI N, * v emljer I. n , ' York market closed steady 7 to 13 , *"ints lower. I .Ivor | hx,| | V q L _ Mtits lower Tuesday’morning. The area of high pressure that covered the eastern half of the country on Saturday morulug has moved eastward and has de* cr»*ased In energy. Today Its crest extends front New* England southwest Into east Ten newer. The low pressure area lit tho north- west has moved front the Pacific coast east ward to northern Montana, causing some what higher temperatjtraa to tho southeast of the center. Fair weather prevail* thronglibut most of ..to United Htates; but little or no nreel/-'*- tlon has occurred east of the Rocky M tains. SMow Is falling at Yellowstone Park nnd rain has fallen on tho north Pacific coast. There lias been a steady rise In tempera (tire at most station* In the south and in tho Mississippi valley; elsewhere th« changes have i»een small. Tho conditions fnvor partly cloudy wouth er In this section tonight nml Tuesday. Minimum and Maximum Tempsraturss, *-« * o .. ni#f 75f|> n»erld Amavlllo Asheville Atlanta. ........ Augusta * Birmingham Bismarck Boston Buffalo . rhnrlestou. , . . . . Chicago I'lnelnuatl (’orpus Ohristl Davenport Dtslgc RI Paso Fort Smith (lalu'tton. Jacksonville. . . . . . Jupiter ■ due to com© unchanged to 2 SPOT COTTON MARKET. •nV*,','i -i’ ,"4"., radon *(,*<1^; inliMIfinr E2...I S* 1 '* Amor ion ii *.500. ■H Af.rarV." r 1 " 1 Ailuniii-xtradr. —- ir.i t" ;i'i" k Ejnllrorni on oou ?'* "rlramo-ijjny ir N . Awn.tn-Qniot, lo’u.)*. iSSSe&r* uoidie-.steady, 944c, Knoxville. , . Ixm Angeles.. Mncon Memphis. . . . Meridian. . . . Miles Pity. . . Mobile. . . . Montgomery. - .W.fliivflfe. . . . New Orion us. . New York, . . Norfolk. . . . North Platte. : Omaha PnloMtlu IMttsbur Port hi ml, _ . Portland, Ore. . Hi. l»uis. . . . Ht. Paul Han Francisco.. Hnvniiunb Spokane Tampa 'Taylor Thcinasvllle. . . Vicksburg. . . . Washington. . . Wilmington. . . TODAY’8 PORT RECEIPT8. The following tabla show* mrelpta at tbs ports today, compared with the # anme day last year: 1996 New Orleans. . . . Galveston Mobile Savannah. . . • . • Charleston Wilmington Norfolk 15206 24*2 2490 11916 1239 3773 5386 64314 INTERIOR MOVEMENT. Houston. . Augnutu. . Memphis. 22*75 3183 11765 2129 16765 3015 884! Total .! 40321 GIBERT & CLAY *• t STOCK*. BONOS. 4UBAMA»T. COTTON, CHAIN. ATLANTA. CA COPFCC, PROVISIONS. v MEMBERS: i-22 Exchange. I New Orleans Cotton Exchange. ! C hicago Bminl of Trade. Xra £°5« B«h**i.. N»w Odran. (Hock Esrten|>. I Urerpool Codon A« u. > ork Co#M Ri.h.nL ! Krw Orlran* lln.nl of Trnli'. (i.heiton Cotton Ex. I.... , . HB1YATF WI1IES rt» Al.l. exilliWIM. J-”* 1 «"«l Long DitUnce T.lephon. 5298. C. E. KEPLINOER, Maniger. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bel! Phone, Main 80S. ATLANTA. GEORGIA. Tli.re I* a situation developing, or already developed. In the spring wheat country which 1* worthy tho attention of wheat traders the world over. Theae condition* have received more attention than usual thin week, and an a result wheat prloea scored an advance of about 2c for May and a little better than this for the December at best prlcta of tho week, reached Friday tnornlnif. This gain In prices doea not represent fairly the Improved activity In trade, as on one or two days the market had a awing of about lc, and yet dosed with no material change. Two or three of the more Important things which come to the surface In connection with the spring wheat crop may be enumerated. There Is nothing new In tho fact that Minneapolis re ceipts continue to run very light, In fact about half as large as a year ago. It Is nothing new to state that Minne apolis stocks are decreasing when there should be a natural increaao of possi bly a million bushels a week at this time of year. Hut the reasons for this remarkable falling off In tho movement of wheat to tho biggest milling center In the world are more apparent and better understood than beforo. For weeks the trade has been made to believe that the 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 enrs on this side tracks. Tbb Impression was giv en that some day or some week there would bo a special effort made and re ceipts might be so large ns 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 a northwe.t leader reported that very much of the Houth Dakota wheat was going from tho local sta tions to the country milling points. Nothing could be more stupid than the speculative market In com every dny for the week. Prices nt tho close yesterday wore not l-4c from where they were a week before. There Is plenty of hear sentiment In the local trade in May contract*, and no doubt a large short interest exists. No ope appears to wish to lead a campaign of short selling to force price* lower. It has not proved tin easy matter In the past, and the stubbornness of the mar ket around 44n for that month Is not relished by the bears. Strength In provisions late In tlis week almost overshadowed the grain markets at one time. The contracts for October and November were fairly well evened up, and the bulk of the trade went Into January and May. January pork moved up In a day or two from 113.75 to 114.17 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 haen recorded for several weeks. The exports in tho trade also knew a day in advance that the stocks of provisions would be cut down very materially fortthe month of October. When tho official figures were made public yesterday morning stocks of pork were found to be 15,000 barrels less than n yesr ago, lard stocks 05,000 tes. less and ribs reduced one-half for the month and brought down to a total of 8,000,000 pounds, which Is half as much as a year ago. Hately's report on lard stocks of the world shows a reduction from 258,000 tc*. October l to 181,000 tc*. November The publication of the figures gavt the market no Immediate help. In fact, there was a moderate break following them, because so many who had line* of product bought were ready to take profits and sell while the bullish statis tics supports.) the market.—Chicago Evening Poet. WEATHER F0RECA8T. <;.■«[*(«—I'alr Monday and Tuesday; fresh cast winds. Vlrxhila—Pair Monday and Tuesday; light shifting winds. Nonti Cnrollnn. South t'nrnlln*. Alabama, ml Mlssfultml—Pair Mondsy and Tuesday; fresh fust winds. Ksst Florida—Psrtly cloudy Monday nnd Turadsy. with showers In «ou}h portion; fresh east winds West Florida—Pslr Monday and Tuesday; light to fresh east wind*. leuddsna and Hast Texts—Fair Mondsy and Tueaday; light east winds. Western Tex**—Fair Mondsy and Tues- ‘ Arknnois. Tennessee, Kentucky sml 1T«l Virginia—Fair Monday nnd Tuesday. THE METAiTmARKET. \cn- Yr/rli. .Vor. fc—la tlo spot aful near by deliveries were up *.e. Copper nni'hsnged. l-esd end spelter were doth LIVERPOOL. The follovrlnc fiftirea clvo the openlne rang© and close, compare*! n-lth yesterUflj'* c!o*«. Future* opened itoidjr. Opening lUnge. 5.60 5.44 6.8114-6.38 5.35 -6.38 5.38 -6.40 5.40^-6.43 ... 6.42 -6.4514 5.41 6.44 -5.48 6.44 5.48 -5.51 5.46’ 6.60 -6.61H 6.40 5.62 '5.54 6.60’ Soremlfer. . Nov.-Dec. . Dec.-Jnii. . Jnn.-Feb. . Feb.-Mnreh. March-April Aprll-May.. May-June. . Jane-Jafy. . Previous Close. Close. 5.46 6.40 6.84% 6.64% 6.34 5.31 52W 6.86 6.39 5.38% 6-43% steady. 5.46 5.48 6.49% NEW ORLEANS. The following Is the range In cotton fa- turn* Jn Xsw Orleans today: | a if 2 t 3 II 1 J! Nor l>ec. . . . , Jail Fob... . . . March. . . . April. . . . Mny 9.84 H.8S 9.96 iaii 10.10 10.25 9.96 iaii 10.10 10.25 9.tt 9.76 9.81 "».»8 10.10 10.13 9.tt fj 9.81 10.10 10.13 rB-?I 9.76-76 9.81-12 9.86-92 9.97-96 10.04-06 10.11-13 t.4o-»2 m 10.04-06 10.J3-14 10.20-22 10.28-29 July.. . . . 10.26 U36 10.36 R36 10.26-28 10.43-46 UIujwhI barely steady. INITIAL PRICES WER£ UNCHANGED Trade in Wheat Was Light with the Tendency Toward a 'Lower Level. Chicago, Nov. 5.—Tired longs had wheat for sale during the session, and It showed losses of 3-805-Sc for the day. There was a lack of demand and there were less bulls when the’market closed. Bull new* seemed to fall flat. It was welcomed by the long*, but they refused to act upon It. The bears and the longs here followed the north western selling. Corn closed uulet and 8-8@l-2c lower. Oats were up 1-8 l-4c and provisions 2 l-2@10c lower. The visible supply of wheat showed an Increase of 898,000 bushels for the week, while there were decreases of 37.000 bushels In com and 183,000 bush els In oats. Primary receipts of wheat 1,278,000 bushels and corn 688,000 bushels, com pared with 1,663,00 and 788,000 bush, els. respectively, n year ago. Clearances for the day were 382,000 bu.helii«-hent. 538,000 bushels com and 50.000 bushels oats. ' Cash grain business Included 50,000 wheat, 40,000 bushels com and 60,000 bushels oats at Chicago. The seaboard reported 8 loads wheat, 3 loads corn and 50,000 bushels oats. CHICAGO GRAIN MARKET. m $ q 4414 44H Open. High. WUEAT- llec. . . 7474 7414 Mny.. . 7* 79 -&BN-«* ™ Dec. . . 43% 43% Mny. . . 44 44 * 1/ -- 44% 44% »ATB- ^ © 5 1'OItK— Jnn. . .13.9.* 13.9714 13.90 May ..14.0714 14.10 14.00 LARD— Scr. .. 9.2214 9.28 9.2214 lira. .. 8.6214 8.6214 8.5714 Jon. .. 8.45 8.45 8.8714 gfDBg— .Inn! .. 7.5214 7.5714 7.3244 7.6214 7.M Mny .. 7.6714 7.70 7,45 7.6744 7.7214 Cash Wheat—No. Trra. 7«4*»14: No. 3 Ito., T2B74; No. 2 bird winter, 7884W7I; So. 3 do.. 72074. 9.80 CHICAGO CAR LOTS. mated receipt! Today. Tomer. NORTHWEST CAR8. The fallowing figure* give the Northwest mrs of today, last week and list yesr: tsist Last Today. Week. Year. lllmiespoJJ# t*7 261 727 THE COFFEE MARKET. Xew York. Nov. 5.—The coffee market opened steady nt unchanged prlcea. Tho basin*** consisted of a little selling against Brasilian offers, which were absorbed by a There was not mnch - —-- — -— .11.11 naws. Santos was 5° rol* higher, and tho rale of exchauga 1-82<1 higher, but lllo wns barely steady and receipts |H*m-aI nt intssrin Glbert & Clay. l-82«l higher, but Hlo wns Direty sternly nnd receipts tret*© liberal nt Interior points.— Glbert A Clny. Following table g\rcv opening range and close of the New York coffee mnrket for March April May .. .. .. . Juno July August September October Novemlier December Closet) sternly. Onculns •lit mo*. .. ..6.i!6*.59 .. ..e.SO-6.40 .. ..8.43- . ..fi.ww.-es . ..6.604J5 .. 6.M75 .. 6.70-6.89 . . .6.80-6.83 . ..6.094.93 . ,.6.96-7.00 . ..llMsfO . ..6.15-6.20 Close. 6.23-6.3.1 6.16-6.40 tf.45-6.60 0.63-6.66 B.66^.79 6.75-6.80 6.MMJ.88 ti.804.tt 0.904.95 6.194.16 6.154.2) COTTON SEED OIL. Noveut!»er. Deeember. January. . February. . Onenluff. Clostat;. Twelve luUuetrlal stocks tleclIiieU .U per cent. Twenty active railroads advanced .21 per cent. New Y'ork Financial Bureiu: Bull poluts on lteflUIni; nr© strong. Harrlmnn developments Indicate the pur* eh«*»•.* of Union Tacltlc and Ualtlmoro and Ohio. Amalgamated raised further. A Western bull more In 8t. Taul Ik ex pected In some large houses. Southern Railway, Rock Island Ann South ern Pacific are reported well bought. SEABOARD AIR LINE. Following were the cloglug quotation o( Seaboard Air Lluo stocks uud i>onds: Dili Asked* *=— do. 10-yenr 6s.. do. 3-ye*r 6’s.. do. 4% Hales, 100 Jamfiry at 35%. Closed steady. THE PRIMARY MOVEMENT. The followln figures give the primary movement of wheat and coni. Wheat receipts today 1,27,000 bushels, ngalust 1,663,00 Inst year. Shipments to- day 48,0.10 bushels against 721,000 bushels last year. Corn receipts today 638,090 bushels ngalnst 786,000 bushels Inst year. Whip* incuts today 461,000 bushels, against 3ou,- 000 bushel* last year, VISIBLE SUPPLY. Following figure* show visible sup ply of grain today: Wheat, Increaae 89*,- 000 bushels; corn, decrens© 37.090 bushels; oats, decrease 183,000 bushels. THE SUGAR MARKET. New York, Nov. 6.—Refined raw sugar market steady and unchanged. I,ouaoit beets steady. SOUTHERN EXCHANGE Oldest Established Office South. COTTOU—STOCKS BONDS GRAIN around Floor Gould Eulldlng. Daily market letter nnd market manual mailed on application. TURPENTINE LOST ITS EARLY GAIN Savannah. G*., Nov. 6.—Like tko nrmy which marched up the hill and then down loscd with spilt prices, the outshl© lielug %e higher. By cautious steps, generally the outsldo for tho clabe being the opening for the next day, the price rone to tt%e, ?>ut after lingering there for two days n sagging developed. The close Saturday afternoon was at 66%c, but tn the late half hour’s trading the best price was 68c. Tht fluctua tions are duo to self-evident nmnipttlntlon by large Interest*. The price Is conaldera- Wy lower than at the same season last year, though there arc stronger natural In• fluences at work for Ixstter values than then. The rosin market closed the week with S sitis of 2c for window glass nnd 6c for f, with loaaca of 10c for U and 6c tor 1 nnd K. For the first time this season the two top grades are selling nt n parity. This docs not mean a great desk as neither grade Is on (he market to any extent at tbl* time of the year. Tho receipt* of spirits for the week wore 2,666 casks, as compared with 3.107 last year. The receipt* of rosin were 10,639 barrels, last year 11,619. This In Itself would In* nu argument for higher ralur*. but in the prasent state of the market Its effect seems to In* Ignored. While prlcea for the pale* are higher (ban at the name time lust ymr, M nnd below are badly cut, and as the great bulk of the receipts are commons and mcdlnms, tho difference lu return* (o tho producers Is MARKET WAS STRONG London Bought About 10,- 000 Shares, Chiefly Union Pacific and Reading. New York, Nov. 5.—Today’s stock market continued to move ubjler the conflicting lu- flueucen of confidence In tomorrow’s elec tion results and fears of Increasing tension In money rates. At the opening and dur ing th« first hour prices were generally higher with the heaviest buying centering In Reading and the Pacific shares. Ameii- e*u slocks were higher lu London nnd the occurfty markets ou the other eIdo were represented steady with n renewed ad vance In Russian bonds the feature. Call money, however, when it begun to be quoted after the first hour of tho sto«-k exchange totlay opened at 6 per cent and quickly rose to 7, ami under this abrupt tightening what little atusatlon there wns lu ths stock market soon subsided. At midday prices Were little •■hanged from the Saturday close and tho dealings hud all but come to a standstill. The loral fran chise stocks were ngnln conspicuously strong, the Iatorhoro Rapid Transit Issues In particular making a substantial gain. But ou the market generally the Inclina tion was to regard the election ns some thing already pretty thoroughly discounted and to pa/ Increasing attention to the money outlook. For tho greater part of the first hour the stock market ruled strong, with Bend ing the raoet prominent feature oo reports of Increased dividend rate. There was g ood buying In union Pacific, the local rsettons nml many other Issues that caus ed sharp advancer. Loudon bought about 10,000 sbnrea here, chiefly Union Pacific and Bonding. V Government bonds unchanged. Other bouda firm, THE LONDON STOCK MARKET. Xiiinlsamated Copper. * . Anaconda . Atchison . do. preferrod. altlmore a Ohio. . . . . louver A ulo Grand©* . Eric . , do. preferred Canadian Pacific. . . . . , Illinois Central. . . » . Kansas A Texas do. preferred. , . . . , Louisville A Nashvlll#. . New York Central. *. j. . Norfolk A Western. . . . Northern Pacific. . , . . , Ontario A Western* . . . Pennsylvania *. . Philadelphia A Rending. , Rock Island Hon them Pacific. . . • , . Southern Hallway, . . . . do. preferred St. Paul Union Pacific United State* Steel. ... do. preferred Wabash . • . . do. preferred. . . . . . MINING STOCKS. Boston. Nov. 114, Copper Kongo 8S%JR. Shannon 12%. Smelting 6444. Smelting pr leered 43%, Alloucz 39. Arcadian 0%. THE AMERICAN AUDIT COMPANY ’ Jlorae Office, 100 Broadway, Xew York City. F. W. LAFERENTZ, 0. P. A., President. C. E. Manwarlng, Vice President, Thee. Cocheu, Jr., C. P. A., 8ec. and Treas. branches; NEW VOHK—Waldorf-Astoria. ATLANTA—Fourth Nat l Bank Bldg. B08TON—Exchange Bulldlug. CHICAOO—Marquette Building. WASHINGTON—Colorado Building. PHILADELPHIA—Bsllevue-Startf&rd. NEW ORLEAN8—Henuen Building. SAN FRANCISCO—Beldcn Building. LONDON, ENGLAND—4 King Street, Cbeapstdc. ATLANTA BRANCH 1015-18 Fourth National Bank Building. Telephone. Main 872. 0. B. BIDWELL, Resident Manager. Cable Addrees, Admit, N. Y. L.J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Cipital $250,000 RCFCRCNCC. THE NEAL BANK PHONE 14IT. PRUDENTIAL BLOG tfM. U TEEL, President. ROBERT F. MADDOX. Vice Frosldent THOMAS J. PEEPLES, Cashier. MADDOX'RUCKER BANKING COMPANY. CAPITAL SURPLUS AND PROFITS $200,000.00 $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. Frtuk Hawkins, Fresidoat. H. If. Atkinson. V. F. TnomasC. Erwin. Asst. Cashier. Joseph A. McCord, Caof4«r. R. W. wyere. Asst. Cashier. Third National Bank Capital Surplus Dr. A. ST. Ccthoun. MUM* Dargno. John W. Grant. . !? V. »!f('nrt!. . . . . $200,000.00. . . . . $300,000.00. DIRECTORS: j. ft. guMflr. Frank Hawkins. II. M* Atkinson, Joseph A. McCord. .1. Carroll Fayat. K. B. Ro«s«»r. David Woodward. 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 Modern Conveniences You should not be without one. We Incite you to call and inspect them. Title Guarantee and Trust Co, 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. 3| % Compound Interest Is ths rate your money will draw if deposited In th« SAVINGS DEPARTMENT of CENTRAL BANK AND TRUST CORPORATION CAPITAL $500,000.00. CANDLER BLDG. STRONG, SAFE, CONSERVATIVE You are Invited to call and Inspect our quarter* and investigate our facilities to serve you. A hearty welcome awaits you at this bank. ASA G. CANDLER, President. W. I!. f'.'.TTERSON, Vice-Prex. A. P. COLES. Caahler. JOHN S. OWENS. Vice-Fre*. WM. D. OWENS, Asst. Caahlsr. wgggm