Newspaper Page Text
THE ATLANTA GEORGIAN,
FRIDAY. NOVEMBKR 16. 1 j
STRENGTH OF SPOT
STILL THE FACTOR
Demand Continues Urgent
for Good Grades of
Actual Stuff.
NEWS AND TOS3IP ’
Of tiio F.oocy Staple. ,
FUTURES
Private Wire to Glbert & Clay.
f»aal*. ire'Shoo Id
nliotit 6 lower on -near and 4 lower
oi* distant.
Liverpool cables: “In consequence* of the
etreiigtii of Southern markets, decreased es-
tinintes and manipulation, chances are In
favor of market Improving."
Liverpool Is.selling cotlou.
In*face of heavy selling by Liverpool, the
tono'Of the market Is firm. * .
The Liverpool cotton exchange will be
cH>sOd November 30.
The Journal of Commerce: “The general
So Material Decline Is Ex- ^ IU (;
peeted Until Holder Ma
ke: More Freeh’.
r..K
IS$
•’ New feature' of the
> Ib.h1 Wftflii urafVft it the
■ pnrr l in»i-'»«{i^o*i Mlw .fJnndnry by »»«
i hraker. Tlia.eatton •■*». smip<*«od lo lie for
; n l)li Wall •trretb-dpmwiidSlon \htiw, and
, JvIjkW to .lendj- (hr'itwflr market In the
■ face of. prewuro from, tho room crowd/
• Liverpool knrlr ndrlr". «ri‘pC without lu
’ nuance nujhe nwcthntM# ninfkot .for cot-,
‘ton In Now York, 1'ilecr at'12:2* In'-the
' Ktigtlkh markot wore iff* point, higher or
th- near and 7 higher on the (ll.ttttit post
* tioa.. It wfiMdne 13 nnrt » point* np. rt>-
. spoetlvell, i'lie ilnetfBe In that* market 1*
, nurll'Utvd-fd ninnlpnlatloiirfiii" effect tin Hie
American uutrkit, nt the opening,.«« la cvl-
deuced by the sharp nnrnnre after oar open-
Ire. The :: n. tn. cnble initial ilttlc change
from opening price., after which prieea bo-
pan tn advance, and nt the elowi wna ateady
point, .thorn the close of jreat.r
‘ day.
Following I. the range In the notice
month. In TJverpoo! today:
Opel
Noyemlier 5.3-
- ISSSSSU1ST?-.: :lfi
May June 5.56
The market for spot cotton rontlbhra
drill, with .planer* taking liberally at nil*
vanning price., middling today being mark
ed .up. 10 points to 6.Snu on *alea of 10,900
On ’ Llveriiool*. early ahowlng, the Sew
York rimrkri waa due to open a point* lower
. on the near and 4 polnta down on the dli-
tant positions. lint the "feeler ’ from the
Mngllah apechlator wna Ignored by our mar-
kefl.iilniMhe opening waa strait, 1 point
higher to 1 point lower.
After the epenlng, aharta were nervoua.
The bulla were more ennddent of their 'po-
altlon, and liongbt, while the beam were
ahowlng eonalilerable fright and Were cover*
lug. Influences that made for n atrong mar
ket and a eontlnumee of the advance of the
'"Thrf^dcmaW for spot ’cotton it, iirtill ur
gent,:'ci|tbr6er, anile olterlog any
prtee braked fcy holder, for the.good-grades,
offer! apparently'dt not appear-attractive
and Jn majority of • the bid, are^turned
speculative bear ha. produced a largo
crop uf paper cotton lielow current price*.
He I. 1!tiding It difficult to Induce the ac
tual producer to market sufficient cotton
to iiifc-t hla obligation*, hence he I* now
encaged lu buying lu paper, eottou-lo-off-
set Us aSrevloue purebawa. The bull* are
making him pay the dlfferenen In ..price.
The situation In apot cottoji will make
Hie price* for future*,.for at time, at leaat.
A* loug n* the prenent sirength contlniica,
' a material decline can not bo eipected. If
the altuallon weaken*, a aharp decline
W Had °uv-ather la foreeaated for the next
day or two. Thl* will curtail the move
ment. A light movement from whatever
rnuso la n leilllah Induenfe, and price, re-
1 ^Thc rloae" waa ateady, erltU ijrlce* net
Mfir. polata higher than ycaterday’a dnnla.
Into-alght movement^ ^ J9M
Ovorlntid vvcfki... 49,345 39,651 49,474
Wnw SSptSJKr 1. 198.1 8 Wg »Mg
lntp sight week... 562.238 a 6J1.W4 £73,307
Hlncc Beptemlwr 1.4,661,266 B.07t.7l»
King'. Into-alght for week f.i0,»72: brat
year M0.31C: for aeaaon *o far 4,W5,41I,
ngnlnat 4.435,097 laat year.
Comparative receipt, at United State.
'receipts today.
tiauio day last year
I>ecn»«»p
Total receipt* for the weak......
Hamo wrek last year
Touri^roccipia since Heptenibcr 1..3.4M.910
Ha me time last year. n
> r,t v i i ■ jpp •Miurnni ui coiniiicrcc. ini' siiiuth
riliV AWvwi?ft»e of tho dry goods trade coutlnncs
j bfultby. with n Hrui ii!idercuri***i»t tending
I to lunlntniu ’ values steadily. The dllTIcul-
I tlrs in the way of prompt deliveries afe
not being-illsaJpated rapidly enongh to suit
‘•■lycn* or saUer*. pud there U uecesaarlly
linlt !n several directions In the.trade,
'iiiere are many unfilled orders nt hand,
nud spot amnia continue to bring full price*,
nevertheless .It Js recognized that n much
more* khtlsfactory’ trade could bo done If
the mltla would send along their products
lu fuller volume." u '
New Orleans, Nor. IS.-Liverpool at # up
Is not n full response. Was doc 10 up,
but sales of 10,000 spot nt 10 (mints ud-
vsuce Is favorable feature.
- ^Liverpool cohles: “Near positions firmly
held and steady on neconnt of tinprofltable-
ness of tendering. Market steady, without
special fenture.
Our Oalveston correspondent writes
“The deuioiid for spots continues unabateil
nud holders have no difficulty to sell nt
almost their own price*. Everybody hen*
Is trying to buy spot cotton, and find It
most difficult task. The Interior Is offer
ing next to nothing, and local frfetors
hnve no stock to speak of."
Hears display more caution and have
corcrcd freely this morning on Indication*
of bud. weather. The spot demand continue*
abnormal and‘exporters are said to Ih* pay
ing- liberal prlctis for t. <». b. eottou, us
spot offerings 'are -extremely light.
The western forecast Indicates Increasing
cloudiness, with showers nud colder weath
er generally tonight. In western Texas,
fnlr nud much colder. An extensive low
pressure overlies tho Missouri valley, em
bracing all of the western belt. The ba
rometer pressure records 29.15 Inches, fore
boding rather severe disturbance*.
The eastern forecast Indicates generally
unsettled weather tonight, with rnln and
warmer throughout tomorrow.
1-Mi tod by
Joseph B. Lively
■ fl A HR Ei
Mr. Lively’* twenty-five
Rk m h »ft / ft— ft W
years* experience of c*3-
m m /m a Jff 1/ r* ■
King markets In Atlanta
ll/i UL ttv ML R 1 ^
nod the South hav made
BWlrliiiul 1 l 1
him a recognised au-
E V 1/ ml 11 11m ■
tbortty In bli ,p«clalty.
TICS PLASHED
From Wail Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME Ob' STOCK.
Amalgamated Copper.
Atlantic Coast Line. .
America* Sugar IIft. .
Anaconda * -
American Locomotive.
do. preferred. . . .
Am. Smelting Ref. . .
do. preferred. . • .
Atchlacn. .......
do. preferred, . . .
American Cot*on Oil. .
Am. Car Foundry. . .
Baltimore A Ohio. . .
Brooklyn Rapid T. . .
THE WEATHER.
LOCAL FORECAST.
FUR ATLANTA AND VICINITY—l’urlljr
cloudy end warmer tonight; Haturdny rain
und wormer; colder by Sunday.
WEATHER FORECAST.
New Orleans.,
rialreston... ..
Houston
3,000 to 10,500
24,000 to 28*000
.. ..10.000 to 11,000
1906.
15,288
28.971
17,252
8R0T COTTON MARKET.
Liverpool—Spot cotton arm; middling up
lands i.S5d. Males 10,000,.American
hheculstlon tad export 1,000. Receipt* #,•
000. American 23,400.
Atlanta-Steady, 10%c.
New York—Steady, lie; delivered on con-
^s w * Oriean*—Firm. 10 7-18.
St. Louis—Steady, 10*c.
AugnsU—Steady, l(Ric.
Houston—Steady. 10 3-1C,
Boston—Stssdy, 10.%>.
Memphis—Quiet. 10c.
Motdle—Firm, W*.
Norfolk—Firm. 10%c.
Wlluilnrton—Firm, 10c.
Charleetoo—Firm, 10Hc.
TODAY’S PORT RECEIPTS.
Tfaa following tabls shows receipts at 1ha
ports today, compared with tho same day
laat year:
N§w Orleans.. ..
•?a!v*ctoij.... .. .
Mobile
savannah
• bnrleston
Wilmington..
Norfolk..
nutlmora
Now York
i •..■■ton
IDtladeipbla.. ..
Brunswick
Newport New*...
Jacksonville. ..
Georgetown.. ..
Totals
15268
2*1971
1808
11149
;*bW
BTRT3CE QUESTION
TO BE SETTLED
yaw York, Kov. 18.—Another con-
foroacc will be held tomorrow between
oMcIhIs of the Erie and representative;:
rf the flreruen, who by a unanimous
vote, are given uuthority to decide
ovhether.there shall be a strike.
The storm that was centered near Norfolk
ontorday morning ha* moved rnpldlv u
the coast, and 1m now central near l*ori-
lnnd, Maine, -where the .pressure ha* do-
creased .76* Inch In ‘ the qhi'st twenty-four
hours. Over .the southeastquaurnut of (he
map the barometer has risen considerably,
and a ellght high Is central over western
North Carolina. Tho northwestern low that
was over Montana Thursday morning hnc
dropped to the southeast to Dodge City,
tier .of states from
Oregon to Maine. Thl* morning, ab*et was
falling nt 81. l*aul and rain at Boston.
Colder weather prevail* on the south At
lantic coast and In the northern Rocky
mountain districts, while the temperature
has risen perceptibly lu the western half
of the cotton iNdt mid northward to North
Dakota and Mouth Dakota.
The.conditions promise fair nnd warmer
weather In thla section tonight; Saturday
partly cloudy and warmer, with probably
rnln late In the afternoon or nt night; cold
er by Monday. • ■
Minimum and Maximum Temperatures
and Rainfall.
Oltservatlom taken at 8 a. m., 75th meri
dian time.
Atlanta
Abilene ..
Asheville
Amarillo.. .. .. ..
Anguata
Birmingham. • .
ltlsmarek..
Boston.... ,.
Buffalo ..
diaries ton.. .. ....
Charlotte.. .. .. ..
Chicago
Cincinnati
Corpus Chrlstl. .
Davenport.. t..
te'?:
l-’ort Hurt tin..
Galveston
Havre
Huron.. .. .. ., ..
Jacksonville
Jupiter ...
Knoxville.. .. ..
Lot Angelos.. „
Macon.. ..
Marquette
Memphis.
Meridian. . . •
Mobile
Modena
Montgomery.. „ ..
NnshvIlU* ..
New Orleans.. .. ..
New York.. ....
Norfolk
North Platte.. ..
Omaha
Oswego..
St. Louis
St. 1*ii ul
Mnu Francisco.,
Savnnnuh.. .. ..
Npobuuo .. ..
Tbomaavlfle..
Vicksburg.. ..
Wn thing ton..
Canadian Pacific.
Chicago A Northw'o. .
Chesapeake A Ohio. .
Colorado Fuel A Iron.
Central Leather. . . .
do. preferred.
Distiller's Securltlefl.
I/xuKvUlo St Nashville. .
Mexican Central
Missouri Pacific
NAME OF STOCK.
N. Y., Ont. A: Western.
National Lead. ...
Northern Pacific. , . ,
New York Central, .
Norfolk & Western.
Pennsylvania. .....
People's Gas. .....
Pressed Steel Car. . .
do. preferred. . .
Pacific Mall
Reading
Republic Steel
Southern Pacific. . . . . ,
Southern Ballway. . . . ,
do. preferred
Mlosn-Shefflsld ,
Tenn. Coal & Iron. . . . ,
Texas Sc Pacific. ......
Union Pacific. .......
United 8tnfe* Mteel. , , ,
do. preferred.
Va.-Cur. Chemical. . . ,
do. preferred. . • . . ,
Western Union ,
Wabash '
do. preferred
Wisconsin Central. • , , ,
do. preferred. . . . .
Total stock sales today 1.273.70J''shares."
NEW YORK.
The following Is the range in cotton fu-
tnres in New York today?
Nov. . .
Dec. .
•Inn. ,
Feb. ..
March.
April. .
May. .
110.32 10.56
10.13 70.29
10.1210.22
Closed steudy.
31
i"*r.
10.17
10.23 10.26-26
ULl
10.37-38
10.42-44
10.47-48
10.51-63
10.55-56
M
10.40- 43
10.14-15
10.13-14
10.22-24
10.22-24
10.29-31
10.32-23
10.37-39
10.40- 41
LIVERPOOL.
The following figures give the opening
range and close, compared with yesterday's
dona.
Futures opened firm.
Opening Previous
Range. 2 p. ra. Close. Close.
November. ..5.58 jfca 5.60 6.64% 6.49%
ftJO
6.49
6.49%
6.51%
April-May. . .6.53 ^.63% 6.54 5.681
May-June. . .5.56 -6.56% 5.56 5.60
June-July. . .5.58 -5.60 6.67% ‘6.62
Closed steady.
Nov.-Dee. . .5.51 -5.63
Dec.-Jan. .. .5.49 -5.48
Jan.-Feb. . .5.48 -5.49
Feb.-March... 5.60%-5.61
March-April. .6.51 -6.52
NEW ORLEANS.
The following ts the range In
turns In New Orlean* today:
cotton fa-
i
§
=
k
3
j
il
Nor. . . • .
Dec. ....
Jan
Fob
March. , ..
April. . . .
May
June. . . .
* »
io.’is
10.2G
io.ia
W.&
iolw
Y'.u
10.47
vito
iolio
iblis
iais
10.22
ia38
iaa
io!#
10.40
iaw
10.66
ia’67
10.37-29
10.85-26
10.39*40
10.48-49
10.55-56
10.614»
10.65-67
10.71-73
10.75-77
16.19-21
10.18-19
10.23-24
10.30-32
10.39-40
10.45-47
10.53^1
10.59-61
10.67-69
Closed ateady.
*
NOTES ON GRAIN
Pointers on Prorlalooi.
Private Wire to Glbert St Clay.
Chicago, Nuv. 16.—Wheat opened tame,
with n little Indication on the part of bulls
to sell In hard spots. Meems to lu* consid
erable May wheat for sale around 79%e.
Corn opened firmer on the higher cables
and on fair buying of December by cash
houses and pit.
We continue bullish on wheat, nnd favor
Uu.vliig corn.
Chicago Record Herald: “Europe will
have to take a* much wheat from the
United States thl* year n* she ever took
In any year," said W. 8. Crosby. "8he
will not be able to get It nt them* prices,
or anything like them. To supply this
quantity would exhaust our stocks, which
I think would easily mean $1 for wheat In
Chicago. December wheat will be llquldnt-
‘ this yenr on sn nscemllug scale. Ha
u will be higher December 1 than It
Is now, and I l*elleve taut It will be 10c
higher nt the close of December than It
I* now. Hhort* are already nervous, hut
they are no more nervous than are the
bulla who have uo wheat, but who 'Would
like to profit by nn advance. The market
Is gaining In activity, und with thla buyers
of wheat will gain In confidence. With n
broader tnurket the trade will lose sight of
and cease to nuigulfy the duhger* of De-
•tuber liquidation. Who owns the wheat
whether they own It for December or
ay will make but llttlo difference. * If It
advances It will lw because prices all over
the world ndvance, and u temporary local
speculative condition Id Chicago will not cut
much figure."
The Minneapolis flour output last week
decreased 4i),Gi0 barrels, making It 174,325
smaller than a year ago, says The North
western Miller In advance proofs wired
Lognn Sc Itryau. Tho quantity turned —*
was 243,850 barrels, against 417,975 Ip _
nud 270,316 In 1904. More capacity promise*
to be operated this tveek, nnd the output
promise* to exceed 390,000 barrels. Flour
trade with Minneapolis mills wna much of
the snine character us In other weeks. If
there was any variation It was In the di
rection of some mills selling much less flour,
while others sold more. Aggregate snles
probably run somewhero ahead of the quan
tity of flour made. Foreign business was
out of the question. Bids of Importers us
ually were fully 1 shilling too low. Out
side mills report flour sales considerably
loss than output.
A Minneapolis man wired: "In 1904 we
had in store November 1 8,00u,000 bushels of
wheat. May wheat was then 81,16. In
November, 1900, wo had 10,000,000 bushels;
May price was 88%c. 'J’hls year we have
nlMiut 1,750,000 bushel*, nnd the price Is
79c."
*T wish to renew my prediction of last
week that May wheat at Minneapolis will
sell ut 91 (»er bushel," says W. II. Lake.
WHEAT WAS WEAK
LOra AT START
Heavy Realizing by Longs
Is Given as the Cause
For Decline.
J. B. MARRURV,
\
Section Director.
INTERIOR MOVEMENT.
Tho following talde shows receipts at the
Interior town* today, compared with tho
same day Inst year:
Houston*.
Angus tn..
Memphis..
19331
53
97M
5916
I ITS..*
ISM
5435
.38406 j 28287
fS C. AI^HVMA AT.
GIBERT & CLAY
• TOCKS. BONO*.
COTTON (TRAIN.
COMTEK. MOVIilONC
MEMBERS:
ATLANTA. C.A
iiaunca Tel.phon# 5298. C. E. KEPLINGER, I
Local and Long 0
GIBERT & CLAY'S DAILY
COTTON LETTER.
New Orleans, Nov. 16.—The strength of
tho Southern markets liuprcmtcd Liverpool
very favorably, nnd the feeling abroad In
clined more readily to higher prices.* Op
tions were from lltfll points higher nit the
close, white spot transactions were quoted
W points higher, wttb 10,000 sold. The
market today was as strong as could be
spooled, taking the aid of outside support.
The demand for *|>ot cotton Is almost phe
nomenal, but offerings are characterized us
being either generally scarce or undesira
ble and exporter* must of ueevaslty resort
o. b. lots for which they are said to
pay fabulous prices. Heretofore the weath
er has been so Ideal for field work that
Its Influence has been rather to Intensify
the belief lu larm* crop Ideas, Imt uow at*
mosphsrle conditions seem to have under
gone n decided change, nud Indication* polut
to Hu* existence of a storm of unusual
Intensity nud of 81 ** * ‘
now menacing the _
lug in an eastoriy direction,
tent the presence of such n disturbance
may influence public opinion Is entirely Uc-
pendent upon the resulting damage, but It
Is safe to npsuiue that, coming at n time
When prices have already Improved consid
erably as the result or nu excellent de
mand for cotton. It can create but little
confidence In short sales.
Chicago, Nov. 16.—Wheat support
was quite tame, as the talent was play
ing for a reaction after several days
of advances. Both Winnipeg and Du
luth reported the demand for cash
wheat os good. The Minneapolis bears,
who are short, were strong enough to
control that market, and they were
helped by the selling of a few of the
larger local professionals here. Char*
ters at Duluth were for 600,000 bushels
of wheat to go to Buffalo.
Clearances for the week 8,742,000
bushels wheat, the- previous week
4.156.000 bushels and year ago 4,722.-
000 bushels.
Corn 1,229,000 bsheis; previous week,
871.000 bushels; a year ago, 1,058,000
bushels.
Closing prices showed when 1-3ft
3-4c lower; com l-8c up to l-4c oft;
oats l-8c off to unchanged nnd pro
visions 5® 10c lower.
Cash sales here at the seaboard were
small and Included a few ^straggling
lots of wheat, corn and oats.
Primary receipts of wheat were
smaller than last year at 911,000 bush
els, against 1,296,000; com receipts
424.000 bushels; a year ago, 687,000
bushels.
Clearances for the day 465,000 bush
els wheat, 157,000 bushels corn and
2.000 bushels oats.
SOUTHERN EXCHANGE
Oldest E.Ubtlahed Office South.
COnON SIOCSS BONDS GRAIN
Ground Floor Ooutd Building. Dally
market letter and market manual
matted on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REPCRCNCfi. THE NEAL BANK
PHONE Mlta PRUDENTIAL BLOC
THE COFFEE MARKET.
Kollo win* |« the opening range nnd
elo*o of the Sew York coffee market for
today:
Opening
K«ugc. Close.
January c.io s.ir, G.fc-o.io
February 6.WS.X e.l.UI.n
March 6.25-6.30 6.26-6.30
April 6,30-6. tU 6.K-6.40
May 6.45 6.43.6.50
June 6.5M.G5 6.556.60
August 6.6541.70 6.654.70
September 6.75-6. SO 6.754.80
..8.804.85 6.804.85
...5.904.06 5.954.00
...6.09 6.05 6.004.05
October.. ....
November
December
Closed ateady.
COTTON SEED OIL.
Following wero the opening and closing
prlcet on cotton seed oil today:
.. . Openfni
November
December. . . .
January,
February
March
May.
Hales. 100 November nt 3S&, 100 November
at 3884, 500 March ..t 3414, and 200 May at
84H. Closed ateady.
THE LIVERPOOL GRAIN MARKET.
Wheat—Opened *4 higher: nl 1:30 p. m.,
higher; dosed titrti higher.
Com—Opened uuehanKifl; at 1:30 p.
Igher: closed
CHICAGO C,
THE SUGAR MARKET.
don boet market steady.
_ CHICAGO GRAIN MARKET
^ChF.r- ^eraln and provision quotations
Previous
Open. High. Low. Close. Close.
i I HI
i IH
C.^0 IlN-
Dee 42%
May 43%
July 44%
OAT8-
Dec 34% 3
May 35% 3
‘fa- 33 * 3
Jan.... 14.(50 14.7
May... 14.75 lt.y
LARD-
N’ov... 9.83 9.5
Dee.... 9.oo 9.0
Jan.... 8.67H 6.7;
32%
34%
0M
8.85
8.00
9.85
8.95
8.70
SIDES—
Jan... 7.82% 7.92%
May... 7.92% 8.00
CASH WHEAT—
No. 2 red 75075; No. 3 flo 73075 nominal;
No. 2 bard winter 74UQ70 nominal; No. 3 flo
724/74.
Letting By Pin and Candle.
The old custom of letting premise# by
the aid of a candle and a pin has been
observed at Pad worth, a village be
tween Beading and Newberry* The
candle was lighted and a pin stuck Into
It. Then bids were called for until the
pin, owing to the. heat of the can
dle, dropped out. j. T. Strange secur
ed the tenancy with an offer of $35.—
London Evening Standard.
Co.: The market Is ontltlod to a further
Show of strength today, though some con
sideration may l.e given the reported no
tion of th»* United States government
against the Standard Oil Company, and fur
ther eTldeuee of the strenuous pursuit of
the Npw York Central and other corpora
tions for violation of the rebate law. The
Washington dispatch this morning states
currency reform plan ho* been announced
by the bankers. It Includes issue of cred
it notes guaranteed by the government.
Americans In London heavy %@% below
parity.
Indications arc that money rates will bo
fairly easy between now nnd the end of the
month.
General London market strong.
Rapid Transit commission orders Inter-
boro to operate express service ns far as
One hundred and thirty-seventh street.
Federal; —
Standard
Good demand for Ne
loan crowd.
York Central In
[cations polut to a return of currency
from tho Interior in increasing volume from
now forward with balance In New York's
Nashville, Copper, Southern Pacific and
Atchison ns among the best purchase*.
A strong bull tip Is noted ou Rock Is
land to accumulation In which we have been
referring repeatedly of late.
Philadelphia tips Iteadlug. but It must
first take the 147 opposing stork.
Baltimore und Ohio lias been bought for
Investment. In fact, nil the Hnrrlman af
filiation Isue* have been exceptionally well
yet, but Information.Is bullish.
Further realising I* occurring In 8t. Paul,
but It may still be bought for turns when
reactionary.
New York Central and Pennsylvania ore
regarded as good purchases on reactions
now.
Poo. — ..
General Electric, Missouri.
MORE POPULAR
New York, Nov. 16.—The 8un says:
covering and good general buying, encour-
ng£d by continued activity and firmness In
the spot markets at home and abroad, and
Indications of comparatively small receipts
nt the Bonthwest today. , TlieNjipot pre
miums at the South are vfiry much higher
than here, and especially on the better
grade*. Revision Is very generally desired
all through the lint of grades, and there
Is an Idea that this matter will he recti
fied next Wednesday. The present differ
ences make the low grades seem to bo
worth more than thoy really aro lu the spot
markets and the higher grade* less. Liver
pool and New Orlenn* were heavy sellers
ror a time early In the day, with better
weather aud some desire tu^ realize profits.
The actual receipts att ho ports, too. were
uot small by any means. Rut the bull side
Is undoubtedly more popular than former
ly, largely because of the urgent demand
for the actual cotton, which seems to af
ford the best kind of a foundation for the
r >resent strength of the cotton situation. If,
ndeed. It doe* not pave the way for some
thing like n hull market later on, unless re-
?elpta should prove too heavy for tho mar
ket to digest. *
New Orleans, Nov. 16.—The Tiroes Demo-
ernt says: “ ‘Show ’em a bale of anything
that looks like good cotton and they will
scramble to get It away from you,* Is the
rather terse manner lu which sellers of
the actual stuff describe the spot situation.
Strictly In Hue therewith, they point out
that the official spot quotation* do not fully
reflect existing conditions. When the De
cember option was being trade*I In st 10.20c,
75 points on that month was being bid for
November delivery of Liverpool *ood mid-
dling, or 10.93c. whereas, the spot Amer
ican good middling, a more valuable grade,
was quoted nt only 10%o. Meanwhile, the
rings wero Just about as hungry for op
tions as the spot market was for good
grade bales. In the main, however, shorts
merely *wapped place*, hedge selling *
somewhat restricted because of the
culty spot people encountered In obtaining
supplies. Since the current situation de-
K nds almost wholly upon the spot mar-
t an easier tone there would Instantly be
reflected by the rings. The movement Is still
huge, hut actual cotton buyers are learn
ing with Increasing concern that n larger
proportion of desirable cotton coming Into
sight has already been sold thnn they had
calculated upon. Hence, tho tension. Re
actions would now seem to be lu order,
but the staple on Its merits innoari to
t>e well able to take care of
INITIAL PRICES
. SLIGHTLY LOWER
Reading Later Led Market
in a Demonstration of
Strength.
TRADING WAS HEAVY
All Kinds of ,Stories Are
Current of Sensational
. Developments.
Xew York. Nov. 10.—Thla mornlnf,
market fully maintained the degree nf
strength which It had developed ,m
the previous daya. Tho principal e„
couragement. ae before, waa found i n
the eaalng rates for call money and by
some rather definite «lgns that the
strain In the time money market vv a ,
abattrig. Call funds, carrying of tour,,
over the three day* period, loaned free,
ly on the stock exchange today and
under these clraimatanccs whatever
restraint there had been on account of
tho (mention ut money supplies « as
almost removed. Operations for'the
rise, which yesterday and the day be
fore had seemed to narrow down to a
few of the Western railroad issue*
covered today a much wider range
While the Pacific stocks and St. p au j
held very strong, leadership of specu
lation was assumed by Reading, New
York Central, the Pennsylvania stocks
Copper and Smelters. By midday prices
for these Issues were up from 1 to i
points from last night.
New York. Nor. 16.—Following the lead
set by London, the stock market opened
Irregular, with the great majority „t
stocks showing declines averaging from 'in
% point. Tho strongest feature of tbe
market was Amalgamated, which opened
!4 higher.
Reading was tho feature of the trad-
Ing.ln the first hour and led the general
market In the demonstration of
strength after a moderate decline in
the first ■ few minutes. Operations In
many stocks were on a large scale
Flower & Co. bought 50,000 slmru
around the room. It was supposed that
some Important developments are
pending, and all kinds of stories are
current of sensational news develop,
ment*. One of the reports Is to the cf-
feet that Illinois Central will guarantee
10 per cent on St. Paul, while another
report .relates to an interchange o(
holdings by St. Paul and Southern Pa
cific.
Government bonds unchanged. Other
bonds Irregular.
SEABOARD AIR LINE.
PRIMARY MOVEMENT.
movement of
Wheat—ltecelpt, today MB.OuO huihels; last
week 961,000 bu.be!>, against 123,000 bushel,
n,t year. Shipments today 535.600 buabela:
ast week 836,000 buahels, agalnat 481,000
buahela Inst year.
Corn—Receipt, today 434,000 bushels; last
week 656,000 nushela, agalnat 287,000 bush
els Inst yenr. HhlnmentH today 303,000
bushels, Inst week 383,660 bushels, against
543,000 bttsbels last year.
Following were the- cloning quotations ut
seaboard Air Line atocku and Itonds:
Illil. Asked.
Seaboard Air Line, common.... 31 20,
do, first preferred 80 V.
do, second preferred 5214 54
do, ten-yenr 6a 100 laoq
do, three-year 5a.. 99Cj 95s,
do, 4a..
.... 82
MINING 8T0CKS.
Boston, Nor. 16.—Old Dominion lGL;
Michigan 17H; Shannon 1514; Daly West 2»:
North Butte 112; Smelting 63.
LONDON STOCK MARKET.
STOCKS-
Amalgamated Copper..
Anaconda
Atchison
Baltimore and-Oblo.. .
Canadian Pacific
(.’hesapeake and Ohio. .
Denver nnd Illo Grande,
do, preferred., . .
Erie
do, preferred
Great Western
"vat®?" 1
December.. . . 74%
M«jr 79%
July 78%
CORN—
December, . . . 42%
May. .... 43%
July 44%
OAT8-
Decfmber.
May.
July
Msy. . .
I.ARD-
November. ,
December. .
Juuunry. . .
8IDE8—
January. .
May. . . .
Opti
li6*i
r-£ i 1 I
,* 9.85
9.00
-8.67%
9.90 9.85
9.00 9.00
8.75 8.67%
New York.
Baltimore.
Boston. Chicago. Washington. Philadelphia.
Atlanta. New Orleans. San Francisco. London.
WEATHER FORECAST.
Georgia-—Fair Friday nnd Saturday.
Louisiana nnd Mississippi—Fair Friday;
rain Friday night nr Saturday.
West Florida and Alabaiuu—Fair Friday
und Saturday.
Gant Tinas —Fair Friday: Saturday
cloudv; ralu aud colder In Interior.
West Texas—Fair nud colder Friday, ex
cept showers In the I’anhatidl.'.
Arkansas—Tartly cloudy Friday; Saturday
ruin and colder.
Tennessee— Tartly elomJy Friday: warmer
in centra! and eastern, portiou*; {Saturday
rain.
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
LIVE STOCK MARKET.
Manage:.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Cmpirc Building. Bell Phone, Main l’b8.
ATLANTA. GEORGIA-
1 fktcag<\ Nov. K—II«hp*— ReooJpt* today
1Market 5o higher; quality rnlr; left
1 j over 4,200; hulk $t*. 104*6.35: osthuarod rwvlut*
1 l tomorrow iWfio; light* 2&fi6.49: mixed fcuon
fi.45; heavy $5.t34ftranch |5.t5r4jS.»»; pigs
r».3*f«U5: ywriter* 86.30t#6.40; rood to choice
heavy 66.354jd.45,
Tattle— Ottuiatod receipts 3,400. Market
{ htendy; qua Illy fair; I were* 83.90fi7.3n: «*»w*
I «t.i)*M-20; heifer* $2.4104.90: calve* $5> f 7.75;
j pood prime steers 85.&Q7.31; i»oor to me
din in feWffG.gP; Stocker* aud feeders LLfiOff
; Sheep— Estimated reeeipts Market
• strong: quality fair; native* 82^04f5.7<J; west-
Jem laf^rA.Cy; yearling* |SbdOfi6.40; Inubs
* 7.76; Western K.5a£f7.W.
WM. L. PEEL* President.
ROBERT F. MADDOX. Vice President
THOMAS J. TRKPLBS. CasMer.
■JAMES G. ULSTER, Assistant Cashier.
JAB. I*. WINDSOR. Assistant Cashier.
AADDOX-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-
annualiy in our Savings Department.
The American Audit Company
100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A., Prei. G. E. MANWARING, Vice Prei.
THEO COCHEU, Jr., Secretary.
The American Audit Company, chartered under the laws of New York,
is empowered to examine the affairs of, and make reports U|>on the finan
cial condition of private and public concerns for directors, officers and In
dividual*. The preparation and Installing of systems a specialty.
ATLANTA BRANCH. 1015-101G-1017-1018 FOURTH NAT’L BANK BLDG.
C. B. BID WELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdit, New York.
Safe Deposit Boxes
For rent in our vaults in Ibe basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you lo call and inspect them.
Title Guarantee and Trust Co.
^SS/9SSSSP99SSS9St9SSSS3SSSSS99SSSSSS9SSSSSSS6S$SSSSSGSSSSS$SSSSSSSSSSSSSS&
„ „ An . „ Frau!! newklns. Pr«M,nt.
£i/!h a A..H Tncmai c. Enrln. Aast. Caahler.
Jowpb A. McCord. Cashier. R. \v. Aaat. Cashier.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
DIRECTORS)
Frank llnwklne.
II. M. Atktnvoo.
A. McCord.
$200,000.00.
$300,000.00.