The Atlanta Georgian. (Atlanta, GA.) 1906-1907, November 07, 1906, Image 12

Below is the OCR text representation for this newspapers page.

12 THE ATLANTA GEORGIAN, H'K.MBER 7 19* GOOD BUSINESS OOINGJN SPOTS Spinners Have Increased Takings 10,000 Bales Dailv. STRENGTHENED PRICE But Later Futures Sold Off v in All the Speculative / fk. 1 : Kii- Markets. . York. Sov. 7.—While llw cable. from - Liverpool wore belter Ib.n expected. the undertone of the loo*I market at the »ntaet woe no more tbnn eteadr. Aftiff- tie roll. price. eaaed etlll farther,In re- to celling by Ibtereata In tbo bomb. I««. from Tuesday's dwllnr In Liverpool, ;th*‘ •*tH'-nlnjr bring point* lower, -where, as. the rinse on TihjkU.t wan torn# U0U points below the previous clote. In the later- - trading. however, prleea sold, and •the riose today wna ] point down, at com 'pared with yesterday's flnsls. .’ Following la the range .In the active months In Liverpool today. . . Open. High. Low. November 5.32% §•* • R.J9 .fsnusry-Fehrusry 6.26 6.30 5.23* 'fa reh'April S.J2 {.* . B.231 Msv-Jnne .. ..5.0 Ml I.M A good hualneea wan again done In the spot department, aalea aggregating 10,0ft) balea’at n decline of S point*, making mid* the^lloala of the Liverpool advices. the New York market wee doe to open point, lower, but Arat prleea did not abow S lack of annport and on aealplnk opera jjona the decline w-aa renewed, and nrlnjr the morning aeaelon price. of all naltlone were forced below 10c. May and one being the Inat to Join the procewden. I here wna nothing new In the allnalion, the InAueneee of the pant two or three weekn*atlll-holding goml-namely, oxrellent weather for picking and moving the crop, anil the record-breaking movement. Tho oulv argnment the bulla can offer thla ear ly in the aeaaon. when eatlmatea of Ihe crop, are purely gneaa work, la the eyeel lent, condition of trade In goodn, a altua 1|on.'the hull, eonAdently believe, auffl Hently etrong to take care of a largo crop thla aeiaoo. . . . .. . . ■The glnnera report to be lekued tomor- row la expected to liava ronalderahle In fluence In the Immediate eourae of prleea, ahd- broker, are expecting a altarp move ment one way or the other, aa they are requiring S3 per bale margin over the re- l> Tbe' amount ginned on October IS. HIM, aggregated 1.910.730 bate,. On November 1. r lift, tba government gave the ilnount ginned aa tl.4SS.6t6. compared with 9.779.- >77. on Noremher 14, 1X04, no report be ing lanued on November 1. Between Octo ber IS end November 14. 1S04. 3,3W,M(j bale, were, ivporled ginned. The eeml-weehly movement at the Inte rior town, It at follow,: Becelpla 1906. 1906. 1904. ...160,046 133.133 143.13 .130,103 BSSW 100Jut iu,sa PH ..Mull 386,375 390,313 V'omp. retire receipt, at nil United Btatea k’et"receipt. today,....' 71-467 Hante day laat year 66,619 Damn day, laat year.. Inereoae 6S.116 :.».4S6 3.77S.0W Increaac 1SS.S3S llttlmatcd tomorrow: m£ . New ttrlean. 1«.0M ti. 30.000 11.663 Gal teuton 11.000 to 16,000 21,178 Houston 12.000 to 16,000 18,038; Movement at Atlanta: lleralpta today.......;... Hatnc day laat year Decrease Shipment* today Hame day laat year Increase stock on hand today..,.. Same day laat year .NEWS AND GOSSIP Of the Fleecy Staple. Private ,Wlre to Glbert & nay. 1 low* New Orleans, Nov. . _ National Glnnera' estlninte of cotton ginned to November 1 to lie 7,150,000. Excellent weather continues over the l»elt. The storm reported sevornl days ugo off i to be- *'•—* fia iL - Cuba i about lu the name post* has grown lu Intensity nmi inny rnnaw aoino rain In the southeast portions of the belt. Colder weather I* expected tomorrow lu the Mississippi valley. The eastern forecast Is for fair weather throughout both tonight trad tomorrow. The western forecast Indicate* fair and colder weather tonight and warmer Thurs day In all sections except southeast Texas, where partly cloudy we.ither with possible showers, followed by colder weather, is ex pected. Then* Is no especial cause for today's de cline other than that heretofore existing, namely, the preponderance of bearish sent ment and the lack of support sufficient td withstand tho liberal offerlugs. The mar ket. however. Is extremely narrow and In terest Is almost wholly routined to (« scalping element. The cotton market does not seem to take much stock In the Wall street rnaior flint the Bank of England discount rate will be raised to 7 per cell! Ibis week. The bears seem to have become possessed With the Idea that Louisiana. Mississippi and Arkansas are going to surprise the short crowd. There seems to be no probability of a sudden .break as long as tlio I sears grab for their profits ou every 6 or 10-polut break. It must be remembered that ♦».»• oen aua report will be for only twelve giu nlng days. Instead of twenty. A desperate effort Is being made to get the ‘ fixed on an Impossible figure. Edited by Joseph B. Lively MARKETS Mr. Lively's twenty-fire years' experience of ed- Itlug markets in Atlanta and the South has made him a recognized au thority lo bit tpeclaltf. RANGE OF NEW YORK STOCKS AND COTTON MARKETS SAU0 OF STOCK. from Montgomery, Ain., save: “Hevornl cotton mill men have been In thla section of the South during the past few weeks making connections for the remainder. ol this season amt the next. Among them was Ernesto Slggrlrr, » fottnn mill own er of -Palazzolu, Hull Ogllo, In Italy, lie believes that the demand for cotton railed In the Houthern states la going to lurreaae fgr more rapidly from now on than It has in the past. In his opinion, the demand this year will consume not less than 12,- 250,000 hales, mid Is going to get larger —* “ “• “Ve In Italy have many m _ you people,’ said Mr. AUggcicr, ‘particularly aa regards labor. Onr leTp coats us about half what your mills pay, and It Is n great deal more reliable, we get our cotton from the Southern eta tee at a freight charge no larger than tbut paid by the New England mills, and. though n^e .have a tariff to pay. our margin of profit Is fully c«|iuil to that of the mills on tills side, probably larger. “ *1 'should l»!*e to call the attention of your people to the unsntlafactory way In which they pack their cotton and the In distinct marking, all of which causes If to reach us at times in such shape that we ere unable to dlacovar what it Is or where and more mills are Iselng built, not only In Italy, but all over the phi world, for the purpose of working the staple. Thla Increases the demand, uml thereby makes possible to Increase the sales." Amalgamated Copper. Atlantic Coast Line. . America’s Sugar lief. ■ Anaconda. . . . . . . • American Locomotive. do. preferred. . , • Am. Bmelttsg Kef. . • • do. preferred. , . . Atchlscu. - do.--preferzed* ..... American Cot*on Oil. . Am. Car Foundry. . - Baltimore A Ohio. . Brooklyn. Rapid T,-. . Canadian Pacific. ... Chicago 4k Northw'u. . '■*' upeake A Ohio.-. .jrado Fuel A Iron- Central Leather. . . . do. preferred. - . . Chicago Jc Great W. . Chicago, M. A Ht. P. . Delaware A Hudson. • , Distiller’s Securities. . Erie do. preferred. / . * . General Electric Illinois Central Am.*Ice Securities. . . . Louisville A Ns shrills. . Mexican Central Missouri Pacific. Total atock anlea today 967,000 shares? NAME OF STOCK. N. Y„ Out. A Western | 4T»*U! 4! National Lead. 7544 7| Northern Pacific . . 21614 231 New York Central j 129%} 12 ■f . . a Pressed Steel Car. . . do. preferred Pacific Mall. . .... . Heading. Republic Steel. . . . Itock Island. do. preferred. . . . Uulted States Rubber. do. preferred. . . .• , Southern Pacific. Sloss-Sheffleld. Tenn. Coal A Iron. . Texas A Pacific. . . . Union Pacific United States Steel, do. preferred. Western Union. Wabash . do. preferred. . Wisconsin Csntral. do. preferred. . I 33%i 33*4 AHA 47441 4744 3\3. ''iiiii'isii s _ l! 21444 230 12844! 139 93 | K W»*| 14ft>} K» I Stt**; 364*1 : lG*si 1 _ S3 fl.C* 4M4! 46 14.1', 14P AH 36 i 146*4 35?* 2S% NEW TORE. e following Is the range In i In New York today: Nov. . Dee. . Jan. . Feb. . March. April. . May.. . June. . July.. Closed steady. :•.* 7, !♦.» 9.60 9.66 9.70 9.73 9.75 9.75 9.85 9.K) ■9.94 9.94 10.0010.03 10.0310.03 M.11)10.12 LU 9.04-ti6j l>.74-7d 9.61-0.’| 9.70-71 9.60-07! 9.78-79 9.74 76! 9.84-HH 9.84-85 9.96-96 9.89-9110.01-03 9.96-97110.07-08 9.99-0110.14*16 10 03-04110.17*19 LIVERPOOL. The following figures give the opening range and close, compared with yeiterday'l close. . Futures opened steady. . Opening Range. ..5.3244-5.33 ..5.25 -5.27* . .5.2444-5.26* ..5.26 -6.28 . .5.30 -5.31 .5.32 *5.33 .05 -6.18 .5.39 *5.3944 5.31 5.36 .5.4244-6*43 ' ‘ Noveml»er... Nor.-Dec. . Dec.-Jan. . Jan.*Feb... . Feb.-March.. March-Aptil. April-May... Mny-June. . June-July. Jul ulv-Augu Closed < Previous Close. Close. 5.29 5.|0 ti& SS 1 * 5.23*4 5.26 6.26 ^28 m if 4 ’ 6.36 _ 6.38 5.38 6.40 NEW ORLEANS. - The following lx the range in cotton fu tures In New Orlegni today: J § s II 4 • II kov Doc Jan. • • . . Feb March. . . . April. , ,'. May.. . . . June. . . . July y.io 9.72 9.79 9.94 i0.*06 io!is 9.50 9.72 9.78 *!*>• io!ii io!i9 ftfl 9.61 9.78 ,9.96 io.io 9.48 9.69 9.76 'h!96 io'ii ib!o9 9.52 9.68-69 9.75-76 9.81 S3 9.95-96 10.01-03 10.12-13 10.19-21 10.25-28 1M; m 9:97-96 10.04-06 10.11-13 10.17-18 10.26-28 Closed steady. NOTES ON GRAIN Pointera on Provltlooa. 1.416 *414 Increase 931 Of 2.635.457 bales handled at ports i.\l overland from September 1 to Oetolier al. Inclusive, the gain In the average weight amounts to 6.K» pounds per bale. The close was steady net 9ftl5 points low er. an Improvement late ehlng due to shorts entering tn anticipation of the bureau re |K>rt tomorrow. 8POT COTTON MARKET. Liverpool, spot eofton easier; I ■ uplands 5.63d: sales io,noo; American I at 9 15-164*. St. l/OUls. quiet at 1044**. Boston. «iulet at lO.Stk*. Galveston, easy at 101-16c. Baltimore, nominal at 10*4c. INUlllllUir, iiviuiii.i mi tv Mobile, steady at 9916c. Norfolk, steady at loe. TODAYS PORT RECEIPTS. Tha following table shows receipts at the porta today, compared with the same day last year: New Orleans. . Galveston. • . • Mobile Havannah. . . . c harleston. . . Wilmington. . . Norfolk Boston Hnn Francisco. Port Townsend. 12242 14420 1242 Total 71467 55619 INTERIOR MOVEMENT. 1906 Houston. ........ AuguHti Meuipblo . . Ht. Louli> Uinciunati 16109 2962 7424 581)1 792 16015 2466 4!)M W09 1464 Total 33068 25ft* llquk furth tlnus.— It Is beginning to look very much ns though the decline Is being overdone and that it steady nnd unchecked loss In values has discounted a government estimate to morrow of glnnlngs lu excess of average ex pectations. It must be remembered that only twelve working days Intervened since the previous glnnera 1 report, and If the pop ular estimates of lietweeu 6,800,000 and 6,900,003 Is verified tomorrow It means that approximately 400,000 bale* have been ginned over nnd above the corresponding period last year. It also means that 36,000 tulles a day have been ginned during the Last twelve days nnd above the dally aver age glnnlngs for the same period lu 19u5. or, In other words, n total dally ginning* of about 160,000 bales, equaling the highest itly set forth nnd slowly gaining In favor or 7.150,000 bales. Wltu these figures In mind. It would appear tbut the moru conservative policy to pursue would be to avoid following too closely s further loss In values, for It Is evident that a disappointing report tomorrow will cause considerable covering and n continent price movement which, even though tem porary, might prove sufficient to eradicate profits now In hand. Private Wire to Glbert A Clay. Chicago, Nov. 7.—Wheat opened steady to look for Chicago Itecoi east of the Itockl-J in tills country there was an annual decrease of 1,006,000 bushels for the week. The record of arrivals -at primary markets has since shown no Im provement . In this Jcgard. Total primary arrivals last week,, were 2,000,000 bushels less than those of n year ago.; ‘itroumhaJl's estimate • that the require ments-of Importing countries ot the world for ihe year wilt aggregate 545|000.000 hustf- els. or an average of a Uttle abort of 10,- 500.0ft) bushels per week. For the first sev enteen weeks of the crop year tho nvcrain* world's shipments, have been about 800,000 bushels weekly below Jhe above average, although for the last six weeks It has been about 1,400,000 bushels above It. "With a stubborn undertone nnd a dis tinct holding tendency shown In the wheat trade of thla country, which haa the largest available wheat surplus on earth, there would seem to be no occasion for depres sion elsewhere. Other countries, however, are handicapped by belua compelled to offer Interior grain and It Is with this lower quality that the American grower and mer chandiser Is expected to compete In the matter of prices. "Business current In the corn trade laat week was a distinct disappointment to those who thought they had previously discerned evidences of Increasing nctlvlt; The East Is evidently now dlj corn flint reached It following of the Heptember deal and Is noi uuying freely. The car situation of course Inter fered to a considerable extent with sales. The speculative branch of the trade haa not gnlued any on Hie cash department. Receiving nnd general cash grain handling concerns assert- that their purchases to date from the country have been far below those of a year ago. Home of the denlera, how ever. have seen some Increase quite recently In farmers' sales, although country dealers are not disposed to offer much aa yot. This condition keeps the usual W’elgbt of hedg ing sales off the inurket.'' Si THE WEATHER. LOCAL F0RECA8T. ir At In utii and Vlelulty—Fair tonight and Thursday. WEATHER conditions. WEATHER IN WHEAT BELT. press- that In the NortL i%mgh of It _ less and some ralu ... Mouth Dakota. Nebraska. Minnesota, northern Michigan, and Missouri. Italn has fallen III Oregon. Washington, on the coast of Texas and In southern Florida. Clear mid dry weather prevails over most of the country with, but little change In tempera ture since yesterday morning. The conditions favor fair weather lu tills section tonight mid Thursxlay. Minimum and.Maximum Tempsratursa. i>1.. »,inn. *-!'■>» -1 8 a. in., 15th tuerld- Fxlrrio. Nnrlhwp.t-T»mpyr»turo 22 lo «, trn.lmilh ailing ui> lb. (I'lirrnllx rlnnrtjr. : ,.„„.ln( •'Inndlni Northwct—T-nip-r.turn 24 to SO; |i.rtiy cloudy. West—Temperature 28 to 52; partly cloudy. Koulhwest—Teui|»erature 34 to 6; fair. weatheFforecast. Gcorgis—Fair Wnlnesdny; Thursday part ly cloudy. Louisiana. Mlsslsipnl. East Texas nnd West Florida—Fnlr Wednesday and Thurs- Arkansas—Fair Wednesday; eolder In the northwest portion; Thursday fair. Esst Florida—Fair In uorth. showers In south portion Wednesday; Thursday show- Thursday Ohio Valley—Temperature 32 to 48; clear. Illinoiaf and Indians—Fair tonight anil to morrow: warmer. Michigan— Frolmbly showers tonight or tomorrow. Wisconsin—Partly cloudy tonight, with |M>ssllde showers; totiiororw generally fair. Dakotas—Fair nnd warmer tonight; to morrow probably rain or snow nnd colder. Nebraska and Knnsas-Fnlr tonight and tomorrow: warmer. THE DRY GOODS MARKET. York. Nov. 7.—The Journal of < EARLY TRADING STEADY IN TONE Initial Prices for Wheat Un changed with Volume of Business Small. ed %c lowpr for the day. t’orn was Uul! late nnd showed losses of %Q%c. Oats were off H044c. Ilog products up a trifle. Then* was a lack of buying orders In the pit after mid-session and the pressure on the wheat market not only drove the price of that cereal downward, but It carried corn and oats with It. Even the acknowl edged ball fighters lu wheat were selling lu 000 bushels In oats for the week. The cash grain trade was small and Indi cated five loads of wheat, two loads of corn sud 10,000 bnshels of osts at* the tea- board. CHICAGO GRAIN MARKET Chicago grain nnd provision quotations for today follow: Previous High. Low. Close. Clots Open. WHEAT- Dee 73% May... 78% July. cm 77* COHN- ' Dec...:. 42% May 43*4 78% 77*1 42% SB Wk m tec 34% 34% 31*4 34*; 34% M*r £5 .•«% 35% • :|J 33% 337* 33% 33* s J3% POKE— Jan.... 14.02% 14.02% 12.97% 13.97% 13.92% May... 14.12% 14.15 14.10 14.10 li.Off 9.30 9.65 8.45 9.30 9.30 LARD— Nov... 9.30 Dec... 8.66 Jan.... 8.42% SIDES— Jan.... 7.57% 7.671 May... 7.70 7.721 CASH WHEAT- _ ^ No. 2 re«l 74C76; No. 3 do 72®74; No. hard winter 73%®<o. No. 3 do 8.42% 8.42% 8.® ?&» Y$d ?.a o 72®74; lo 71574. | Mluluimu.iMnxIwum. NORTHWE8T CARS. The following figures give t.ie Northwest ears of today, Inst week sud last yenrr I«wgt Last Today. Week. Year. Minneapolis 21. 72 733 Duluth 610 K» 733 Chicago" - car lots: Below Is glvf'n receipts today- sud esti mated receipts for tomorrow: TIPS PLASHED Ftom W^l Street a*® »ch; • ATLANTA MARKETS. FRUITS AND PRODUCE. EGGS—Candled, active, 25c. LIVE POULTRY-IIens, active, each; chickens, plentiful. 13t/27%c ducks. Pekin, 3w; eaeh; puddle, 26®30c each; geese, nil! feathered, 65c each; tur keys. active, 15c pound. DRESSED POULTRY—Qee#e, undrawn, active, 10€112%c pound; turkeys,' undrawn, nctivt-, 17|fl8c |Mtuud; liens, undrawn, nc- five. 12%c iKuintl; ducks, undrawn, fancy, 15c pound: fries, active, 14c pound. PRODUCE—Lord. 10c lb.; hams active. 14c lb., shoulders active. 10c lb.; whies active, 10c pbund; butter active, 15ti22%c pound; beeswax, active. 26c pound; honey, bright. active, 8e pound;.honey la -l-potiud blocks, active. 12c pbund; chestnuts active. 64.00 bushel; dried apples, Gc (MninA; white pens active, $2.40 bushel; Indy peas, 63.00; stock, GAME—Quail, active, 15c each; doves, ac tive Gc each; ducks, mallard, active. 45c; each; ducks mixed, active. 20fKJ0c each; wild turkeys, active. 16c pouud; rabbits, ac tive. 13%c each: squirrels, active 10c each; opossum, dressed, active. 12%e pound; opos sum. live, active. Sc pound. FUUJT8— Umiioiim. fancy Messeua, 66.00® 68.00. Bananas, per pmn-lt. culls. , active, li.ooei.25: Kira lx lit.. *1.53*2.00. Blnwipplo.. l-loiidn ,twk. |wr unite. U5003.00. Ornnirr..- Florida stock, owlug to size nnd coudltlmi ou ' arrival. |»er Iwtx. 62.00^2.50. Apples, choice Ben Davis. 62.25®2.60: fancy, 62.75® 3.00. New York state apples, winter varie ties. choice - i*er barrel, S3.d)®3.51); fatter, 63.75®!00. Grapes, Sew York slate, in C-lli. baskets. Com’ords. 20©22%c: Niagaras. 22%® 36c5 C'auiwnss, 20®22%<*. Franberrle*. fancy dark t’spe Fools, per bifrrel. 6lo.06ftll.o-); Jerseys, 69.00tffl0.00. Grape fruit. Florldn stock, owing to size nnd color, |>er box, 65.50 63:00. Limes. Florida st<x-k. per liumlml, 40r. Nuts, fancy mixed. In boxes, pel pound. 12%®14c. The uew-erop nuts In bulk not yet In the market for this season. Will quote later. I’ocoanuts, heavy.rultaus. per sack of,lft). active at 64.003-4.6*). Peanuts In sacks averaging 100 pounds each, owing to sr |»er itotiud, 4%®6c. Llnu*s, 40c per \ ; KGETABLER—Beets, cabbage crates, •tlve. 62 crate; cabbage, standard crates, 4c pound; cabbage, barrels. l%c imtintl; fg plant active. 61.50 crate; cijcum »rs, 62.50 crate; tomatoes, fancy, active, i crate; tomatoes, choice, active. 62f|2.25 ■ate; beaus, round grtvii. 62.00 crate; lions, dry, active, 75c bushel;’Irish pots* FLOUR, 'LOUR—HI Private Wire to Giliert A Clay. New York, Nov. 7.-Dan!el Odell A Co.: The stock market should have s further sd ranee today. In which event wduld sell for reaction. While Hughes Is elected, his plu rality Is not sufficiently. large to gnarsntee the buritl of Hearst and w'hat he stands for. London special: "The Bank of France on Monday released £200,000 In gold for ship-' ment to Egypt, and yesterday released an equal amount for the same destination. In each case It Is understood no premium was .Jnols Centra! directors' meeting today, when control may lie decided. Light demand for stocks lu loan crowd. Expected E. II. Harrlmnn wlll-aecare con trol of Illinois Central. Clover Leaf’s surplus for year ended June 30 equal to fall 4 per cent ou preferred and ”2 on common. Money market will probably require-some further help from the treasury, which niav take the form of anticipating redemption of government 4's. Eighteen roads for the fourth week in Qe- tober show average gross Increase of 21.22 per rent. THE COFFEE MARKET. New York. Nov. 7.—The coffin* market opened steady at unchanged prices to a decline of 5 points In sympathy with rather heavy European cables and scattering liqui dation. Then* was not any fresh feature to the news. Of tae European markets Havre was unchanged to % franc lower ami llam- l.rg % to % pfennig lower. No private lines were received to explain the decline In the Hninburg market, which was rela tively steady last week.—Glbert A Clay. Opsniag 4, Close. 6.25-6.30 «.33«.4<l 6.45-6.50 0.50-0.5.* •1.60-6,65 , 0.65-6.70 0.75 6.80 January February March April •. May June July August Heptember October, ., .. November Deccmlier ,. . .6.20-6.25 .. ..6.26-6.35 .. ..6.40 . ..6.45-6.55 6.55 ....8.60-6,70 .. .0.70-6. » .. ..6.75m.* .. ..6.85-6.90 ,. ..6.90 .. ..6.05-6.15 .. ..6.10-6.15 GRAIN. PROVISIONS. brow -Timothy, choice large bales, 31.29; do., choice small bales. $1.15; do., , No. 1 clover mixed* 31-10; do.. No. 2. clover mixed. 11.10. • Choice r • ~ RYE—Georgia ley. 96c. The above prices are f.-o. l». Atlanta PROVISIONS—Supreme hams. 15c. Dora hums, 15c. California hams,-l9.0p. Dry salt extra,ribs, 9.25; bellies, 20-5 pounds. 10.87%; Yat backs, 8.25: plates, 8.25; Supreme lard, 10.25; Snow Drift compound, 8.25., GROCERIES. > SUGAR—Standard granulated, *3.10; New York refined. 4%c; plantation. 5c. COFFGG-Ro«i%<l Arbuckl.-^ *1« 30; bulk .0 ,h. grad# i- 1 . CHEESE—Fancy full cr*am dairy, 15%cJ twins, I5%c. . . . . : FI8H. Mullet. 10.00 per harfrel; bream,' C®7c pound; snapper Joe per pound: trout Sd per K und; blue fish, 80 per pound; pompano. Y20c pound; mackerel. 12%e pound; mixed fish. 6c per pound; fresh water trout, 3®10c pound. • MAY INCREASE DIVIDEND. Sew, York, Nor. ?.—The meeting-of tb> directors of the -American*Cotton t)H*.(W whh h Is to act oa the dlvldcml. haa bum ut .w'ilbbc declared’on the. preferred stock, and It |s thought tirobahle an In- cnfiise in the dividend on the common.nuiy be made. For the lust two years dividends of 1 per mite URGENT 11 ittu V Did Not Stai-t as Expected as a Result of HukIics’ Election. TEMPER UNCERTAIN Early Selling on Belief Hank of England Would Ad vance Rate. sffis&xt ssis 5 Mr; nnBhn iluntlliy eSutOrnSy 1,722 «r* ."'“Ji Wdlcal nominees ‘r,^! state ticket defeated. But l»oth In vJJ lork am! the country nt'lorge Hit* imi- meat of. the financial;community wns J t A' the attempt to make a political Uku. i social • discontent ami riSM preJud^ ln. been signally rebukeil. and that whsieier the Iinmwlla.te movement on the kPh-l ,.V n change, this result added grcaOy to . „ ,5 denw In the whole financial outlook. ruV stwk markets were Influenced -cMeflv day by nntMpatlon of whaf tiLlrLX Bank of hnglniid would l»e, and wii. h,,.! It / would -lie* .found necessary to W advance the discount rate.. Prices dn ^L don were down a point or more for n of the active stocks, and the drop m ih. opening was In many Instances even severe. - Resistance was .displayed u i \n. tervals In various quarters, hut the o — sure of selling contltided with sNglii terrupHon during the early hours and ,, t 1 midday the market was down at Its l..ut THE LONDON STOCK MARKET. STOCKS— Amalgamated t/opper. ... Anaconda Atchison.. .. .. do. preferred.. ....... .. . Baltimore nnd Ohio. . . . Denver nnd .Rio Grande...'.. Erie ♦.. .. .. .. do. preferred.. ., .... .. (*atiadlsii Pacific ..*. . Illinois Central Kansas and-Texas .do. preferred.... Louisville ami Nashville.. . New York Central... Norfolk ami Western. . Northern Pacific, . .. Ontario and Western.. Penui , * ,, '*°»' , « Roc* Mouthern Patrlflc,... . Kouthefii .Railway. .*. do. preferred.. Mt. Paul Unlou Pacific.. ... United States Steel., do. preferred,.... Wabash.. .. .. .. do, preferred. . . Groat Western ■BEL'! Pennsylvania .. Philadelphia cud Reading. Rock Island.:. .. i7.v*ii;.\ SEABOARD AIR LINE. Following wore tbo closing quotath* Seaboard Air Line stocks and bonds: Issue, blit It Is understood that the (flr^-iors are in favor of a 2 peascent !uccUntti«n this year. The nnunal .report*of iharemu- pany for the last fiscal year has l»e«»n pre- pared and will be glveu bv'tbe. public s.hui. It Is said* It will show irenht f 0.95-7. JO 6.10-6. i: 0.156.29 ToduJ, Tomor. 67 . *84 4*17 • ' ' 378 30009 ‘ * 19000 Davenport. . I El Paso. . . . I'ort Smith. Galveston. . ‘ Havre. . . . Jackson vllle. ree: ••Then* was little dls|Htsltlon shown Jupiter .mile for tho d»Y. owliiff in |mrt Kim«« t'ltjr, the Interest inanirestcd Ip the oiiti-oinc I K,. r West. say, trading of the election. Mills urn king heavy giHHls. •f which cotton forms n large rlnm iu of j j i»st, wen* dls|H>sc«l to shade prices In or- ! Moi-«»ii dcr to lawk con tracts for late delivery. | Meninhls * ' rnard Into June, but 'uHrl.Vlaii ry llmlteil. as buyers i \ i|,.« "liv' 1 w*ft spots anywhere *>how,il nn I >| u ldle ? Inclination to hold off lu the horn* that ytuntiromerr' tin- rxpKMtluna uf mill .ittt,., ! ' ' nilffht biiuff ihi>m low prt.v, when ihoy | vL oriniii.! were ready a use the giNHlM they wort ; y„ r k Norfolk. North Platte... i Omaha ' Palestine being jisktal GI BERT & CLAY STOCKS. BONDS. IS C ALABAMA ST COTTON. CRAIN. ATLANTA. OA corrcc. provisions. MEMBERS Near York 8to<*k Exchange, j Ntw Orleans C'otion Ex< hauge. « I'blcsge Board of Tra-le New York Cotton Exchange. Ntw Orleans Ntock Exchange. Uverpool «\>ttnii Ass n New York Coffee Exchange, i New Orleans Board Trade. I Galveston t’otton Ex. PRIVATE WJRK* TO ALL EXCHANGES. Local and Long Distance Teltphont 5298. C. E. KEPLINGER. Manager. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main S&8. ATLANTA. GEORGIA , I Ml tubing. . . Portland. Me. , ; Portland. Ore. . St. I.ciii*. . . Hi. Paul. . . . Han Francis.,., j Savannah. ... , Hfaikunc , Tampa 1 Taylor i ThoniitM llh*. . | Vicksburg. . . , Washington. . . Wheat. Corn. . Oats. . Hogs. . THE LIVERPOOL QRAIN MARKET. Wheat—Opened r ,# lower: at J:30 p. m.» *4 lower: cloned %C% lower. Corn-Opened % lower; nt 1:30 p. in., % lower; closed ’*©% lower, THE PRIMARY MOVEMENT. The following figures give the primary movement of whi*nt nnd corn: Wheat—Receipts tojhiy, 3.227.U00 bushels, last week 1.l96,oft), nnd 2.502.009 bushels Inst vear. Hhipiueuta today l,335,0nn bushels, Inst week t23.000 bushels, mid 1.273.00) bush- •da last year. , Kblpm ... laat week 4l?.ftX> bushels. ! last year. SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOWS—BONDS- -OBIIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. id 555.9ft) bushels L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 RCfCRCNCC, THE NEAL BANK 1 PHONE 1417. PRUDENTIAL BLOC j j •ent each haVc been declared on Hie latter | earned uu the cninmot) atock, Safe Deposit Boxes For rent in our vaults in the basement of the Empire {Building f° r on & S5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We invite you to call and inspect them. VII. 1» I'EEU rrnliltat. ItOBEItT V. MADDOX. Vic, PrciMeot rilOMAH S. t'EEI-r.EK. C«»hl,r. •TAMES o. I.ESTKIt, A,,l>tnut Cotter JA8. 1*. WINDROII, Aolit.nr Cobl-r 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 annuallyin our Savings Department. ST DECATUR, GA„ 8 BONDS Healed blda Invited by underalgtied'until 6 p. in., Nuvember 26, 1906, for all or part of Issue. Bonds dated October 1. 1906. Mature In 30 years. Annuad Interest 5 per cent, payable semi‘annually. Denomination 1100 each. Bonds validated and Im'ontestlble. Ortifted check for 1300 must accompany bid. Right served to reject any or all bids. Murk bids "Proposal, for bonds.” JOHN A. MONTGOMERY. Mayor. 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. Frank Hawkins. President. Tnotnas C. Erwin. Asst. Cashier. R. W. Dyers. As»t. Cashier. Third National Bank COTTON SEED OIL. i JniiUiiry. Frhnifl r>. Mnr»h. . Mny. . . ...... .’SVM- 14%®3*\ a4Utt.n% v «.YSipii :u%«Er. 31%®^% 34*^35 35 #rr,V, 34%V35 -Moj.ai & FI«hhhI yeudy.. Capital Surplus * DIRECTORS: Frank Hawkins. A JL M. Atklasrei. ■ J«*seph A. MrOPti $200,000.00. $300,000.00. New York. Boston. Chicago. Woihington. Philadelphia. Baltimore. Atlanta. New Orleani. San Francisco. London. The American Audit Company 100 Broadway, Ntw York City. F. W. LAFRENTZ. C. P. A., Pree. G. E. MANWARING, Vie* Pro. THEO COCHEU, Jr., Secretary. The American Audit Company, chartered under the law* ot New York, I* empowered to examine tjie affair* of, and make reports upon Ihe finan cial condition of private and public concerns for directors, officer, and In dividual,. Tho preparation and. installing of *y*tran a specially. ATLANTA BRANCH. 1015-1016-1017-1018 FOURTH NATI, HANK HLIXi C. B. BIDWELL, Resident Manager. Telephone, Main 872. Cabl* Addren, Amdit, Now York.