Newspaper Page Text
I
- .
THE ATLANTA GEORGIAN,
mm*pay, November
cda Rapid and Decided
Slump in Prices iu
Earlv Session.
SLIGHT RALLY LATER.
* i ^ # .
Dining the Late Trading
Tone Was Steadier But
Trend Downward.
A >■■■
* .
—ew Ymk
Ing «Ui«‘ «oUun _ . _ „
nml tifli is ivl'h' down 3&6 points, follow
ing tin* further declines lifter the roll,
sny rate. Helling pressure gained i
headway after the roll that prices
about 30 points under yesterday s clos
the first .twenty minutes.
A-ivJeSl,XrouiJJvern<K>I this nnRiilng were
not tne T lad Is. .>o ! far ns fu
tures \f«r»* vUggertiul. VPiiut' fnnrkjt w*j
due to points* Up. whaffa* the
advnriii»\wni onty Mi7% points, most of
which W/is f*m iieTore the elose. which was
ijulet and iiurhAiiRod to 4 points higher.
Following is the rauge In the active
mouths In Liverpool today:
Open.
November 5.86
January-February. . . .5.70
March-April 5.71
May-.! une 6.77
The confident manner In which the (tears
ailacked the cotton market made their on
slaught successful, even beyond their ex
pectations. and prices melted away at a
breath-taking pace.
The slump was unwarranted by exist
ing conditions, other thun that them la an
absence of Hiteculntion In the market. The
trade situation continues the siitne, and
there are no Indications, at present, of a
fulling off In the demand for the raw ma
terial by the mills, especially for the good
grades.
The glnners* report was issued yester
day. and It leaves the trade still In doubt
as to yield for the current season. A
large or moderate crop ran still be fig-
iired out by the expert bull or bear statis
tician from the figures of the report.
NEWS AND GOSSIP
of the Fleshy Staple.
High. Low.
5.87 5.79
5.70 5.62
5.72 * 5.64*
‘ 77 ' 5.67*,4
The figure
bureau, are
Alabama.. .. ..
Arkansas
Florida
Georgia
Indian Territory.
Kentucky
Ijoulslnim
.Mississippi
Missouri
North Carolina...,
Oklahoma
South rarollnn..
Tennessee
Texas
Virginia
iiipllcd by the census
follow:
. ... .. .* .. 834.870
458,472
432,841
.1,190,627
. 238,242
835
. 539.791
. 789.484
. 33.091
. 383.356
. 243.338
. 653.375
. 142,970
.2,982.698
. 7,576
are 29.133 for 1906, distributed by state
follows:
Florida 14,977.
Georgia .. 12,658
South Carolina 1,498
A New York broker says:
"No sum* man will contend that there
will lie more cotton ginned after Novem
ber 14 than there was In the big crop
year. Iti fact, every one knows that there
was perfect weather that season until long
after Chris turns, and that we have had
and are having a whole lot of bad weather
Private .Wire to Olbert St Clay.
.,Xe\v Xoxk, Nov., 22.—Liverpool at
12:'30 p. m. 6 to 7 1-2 higher; was ex-
■U ‘ ‘ r. On
lower.
se aays: “New
cottoft grade* revised by committee;
radical results announced after long
session. Low middling 50 points off;
barely low middling 70 points off;
strict good ordinary' 90 points off;
fully good ord|n®ry 107 points off, and
good ordinary 125;points off.”
New York wires“Think glnners'
report Indicates 4’fiop of 12,250,000
maximum. May be much less .mying ter
bad weather destroying cotton now
open. Looks much higher. Local trader*
and‘Odell selling. ’There Is proceeding
steadily from'day’to day urn! the voU
ume of goods taken sums up very well
when the figures of many small sales
are collated. Converters whose con
tracts are expiring wltfifn sixty days
tre quietly renewing, and those small
users who are not protected by con
tracts are finding It very hard-to gob
goods at prices that will net therp
a profit when turned over. The A rB-or-.
dering printing -koods continued gooc(
South* and ’ *West, - althbdgh the first
shipments have not been made. There
is a large demand reported by sales
men on the road for wash fabrics for
spring” +
New Orleans, Nov. 22.—Liverpool
onljr&6 to 7 up, Is quite disappointing.
Wajt^due 13»,points higher, *■
Liverpool cable*:
lieaafjly. Don't think U>e inatket llta
to>jro much woflk#.' Wi think it;bett
to»buy down etfmtfc go' hhort,”, s-S •
Today’s map Is favorable. Clear and
cool, with scattered showers reported
In Alabama, Georgia and Tennessee.
The weather has a settled appearance,
with probably higher temperatures to
follow. ., i . w >
; The Eastern forecasts'Indicate fair
and colder weather tonight and Friday
The Western forecast Indicates gen
erally fair and warmer weather tonight
throughout, with increasing cloudiness
and possible showers tomorrow,' fol
lowed by colder weather In the Western
portion.
Edited By
Alopcph B. Lively
MrvUVeljs tirrnty-flre
yrsr* Mp.rl.nco ot .<1.
Ills, morkelf In AtJcat*
nml the South hi* mad*
Mm n ‘ recognised in-
thorlty-ln Ml specialty.
TIPS FLASHED
From Wall Street.
RANGE OF NEW YORK STOCKS:.AND COTTON MARKETS
NAME OF STOCK.
Amalgamated COWM.
Atlantic Coast Line. .
Americav Sugar lisf. .
Asacoada. :.. . • » • •
American Locomotive.
ZhBfigfe::
do, preferred.'. • .
Atchlaon.
do. preferred. . . .
American Cot*on Oil. .
Am. Car Foundry. *
Baltimore & Ohio.
Brooklyn Rapid T. • .
Canadian Pacific. . • .
SaoSJefS*:
Colorado Fuel & Iron.
•Chicago k Great W.
Chicago, II. k St P.
Delaware k Hudson.
Dlatlllcr’a Securltlea.
Erie. ,
do.-jpreferred. . ,
Electric. . .
eotral. .
: W:
,i an » i'
A^t»f stAflc wU.fi-tWlay l,dfeW«l»ii
SAME OF STOCK.
N. Y., Ont. Ac Western.
National Lead. . . .
Northern Pacific. . •
New York Central. .
Norfolk & Weatern.
Pennsylvania. ....
People'* Gua. . , , . ,
Pressed Steel Car. . ,
do. preferred. . . .
Pacific Mail.
Republic Steel. . . ... .
•Rock Island* .......
do./preferred
United States Uubbsi.
do. preferred. , . *.■>.
Southern Pacific. .. . ...
bouthern Railway. ....
do. preferred.
Slosa-Sbeffleld *
Tenn. Coal k Iron. ....
Texas k Pacific
Union Pacific. ...... i
United States Steel. ...
do. preferred. ......... 196%
Ya.-Car. Chemical . . r 39%
- .do. preferred. ........ 110%
Western Union. .....
,<ft>. preferred. .
Wisconsin Central,
do. preferred. .
49
19V
NEW YORK.
THE WEATHER.
LOCAL FORECAST.
FOR ATLANTA AND VICINITY-Falr
.onlght and 1*
ature about
WEATHER CONDITIONS.
4 \ ^ p
in aroa • of high pressure covers
greater portion of the map, except In south-
Rocky mountain districts nnd in the
northeast. There haa been n rapid rise in
the barometer at all stations from the up
per Ohio valley westward to the Rockies
nnd in the north Pacific states. The storm
that was centered near St. Louis yesterday
has moved northeast, enusing snow In the
Mko region and rain In the Interior. Snow
is i falling'at Marquette and rnlu at Ron-
ton am) Portland. The advance of this
storm area has caused warmer weather on
the Atlantic coast and in the. northeast.
Folder and mostly clear weather prevails iu
lire will cause fair wenther In this sec-
...... ......„« » w. ...... tlon tonight nnd Friday; colder tonight—
this fall. It will be safe, therefore, to bet temperature about frecslng.
that this crop is. at leant, ns much smaller
thnn the big crop,
less thnn that ot ...
which was 9.787.000 bales.”
A good business wns reported doing In
ots ut 13 points advance, making mid
10,000 hales
fii New York, prices started weak, nnd
r ;rew weaker through the first hour's trad-
ng. opening quotations were 3^i9 points
lower, on the active months, nnd In a very
short while lidded 17fr36 points to the open
ing decline.
The slump was checked before midday,
and prices rallied some Ml to points, while
fluctuations were narrow for an hour, when
pressure was renewed and prices were
again on the downwurd turn.
(’ompnrutlvo receipt* at all United States
ET
elpts today 53,933
game day lust year.. 56.828
Decrease 2,896
Total receipts for five days.,
game days Inst year.. A
Increase ...» ... wuajf
Totnl receipts since Heptcinber I,,..3,833,039 *jf
game time last year 3,618,S»7
21,442
348.919
328.834-
20.615
Inoreu
Estimated tomorrow:
1906.
New Orleans 16,000 to 19,000
Galveston 15,000 to 18.000
Houston 15.000 to 17,000
Movement at Atlanta:
Receipts t«sh»y .. ..
game day last year
Increase
Shipment* today
Same day last year
Increase
Block mi hand t«*lay
game day last year
Increase
At the clos*
practically tli
Ml
1906.
17,068
12,806
225
2*632 isdnts lowe
114,862
11.393
3,473
the market was steady, at
point of tho day, net
TODAY’S PORT RECEIPTS.
The following table show's reertpts at the
ports today, compared with the same day
last year:
New Orleuua.
Galvestou. . ,
Mobile. . . .
Savannah. . .
t'harleston. .
Wilmington. .
Norfolk. . . .
Huston. . . .
l'lillndolphiu.
Fort Arthur
blue I'ass. .
Port Townsen
1906
1906
ed79
lavnj
1504
13749
429
2004
38i«
90
7753
1933
11598
13078
12172
823
2533
8466
761
98
$191
rate
56328
INTERIOR RECEIPTS.
The following table shows r«*relpt* at the
Interior town* today, compared with the
same day last year:
Minimum and Maximum Temperature*
and Rainfall.
Observation* taken at 8 a. m. f 75th merl<
Atlanta
Abilene
Amarillo.. ^ ..
A.lu-v0.p .. i. ..
Auguslir. y.. .
Blrninfhallff4 ..
lllsinarek
Boston
IltifTnld
rhnrleston
Clinrlotte
Chicago
Cbielumitl
Corpus Chrlstl. .
Davenport.. .. ,
jbMlp? OUy. .. .
Hinlft...
svrevr
Jacksonville..
Jupiter..
Kumuis City
Key West. .. j. .. .
Knoxville
lender..
Ih»s Angeles
Mawu.. .» ,, ,,,,
Marquette
Memphis
Meridian
Mobile
Modena
Montgomery. . ..
Nashville
New Orleans.. .. ..
New York. ,. ..
Norfolk
North Plntte
Omaha
Oswego
Palestine.
Pittsburg
Portland, Maine..
1'ortluml. Dreg.. ,
Rapid city
St. I.ouls.. .. .. ..
St. Paul
San Francisco.. ..
Snvnnnnh
Spokane •
Tampa ..
Taylor
Tbomnsville. . ..
Yickahfinr
Washington
Wilmington
Wltmoroneca
T Indicate*" trace - of rain or
3 Ss
SPOT CQTTON MARKET.
*rp*M»l. spot cotton firm; middling up
lands 6,07d; sales lO.ftJO; Atuerlesn 9,<W0;
speculation nud export 1,500; receipt* 13,-
0<»; Amerlcnn 6,300.
Atlanta, weak at lOHe.
New York, quiet nt 10.99c.
New Orleans, steady st 10V.
Boston, steady nt 11.10c.
Houston, steady nt 11 ll-16e.
Baltimore, nominal at lie.
Memphis, sternly nt 10V'.
Suva ninth, easy at 108ic.
Mobile, quiet at 10%c.
St. Muls, steady at lO^r.
GIBERT & CLAY
IS C ALABAMA *T
New York Stock Exchange.
e. ) K*
e. ( New Orleans Btock Exchange. \ Liverpool Cotton Ats’n.
r York Coffee Exchange. I New Orleann. Board 6f Trsd*^' I Galveston -Cotton Ex.
PRIVATE WHIES TO ALL EXCHANOEB.
Local and Long Distance Telephone 62M. C. E. KEPLINQER, Manager.
STOCK*. nONOS.
COTTON. CRAIN.
COFFEE, PROVISIONS.
MEMBERS:
Sew Orleans Cotton Exchange.
ATLANTA. CA
Chicago Board of Trade.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 898.
ATLANTA. GEORGIA.
turea la New
Nov. . . ,
Dec. . . ,
Jan. . .
Feb. . . ,
March. .
April. . .
May.. . .
June. , -
July..
1 110.28
10.56
10.56
ib>;
10.39
10.79
10.50
10.68
Closed steady.
5
lo.ao io.k:
Ii
loll S
10.03-04
10.13-14
i'*.2i:::
10.31-32
10.310
10.42-43
10.46-48
a
10.50- 55
10.35-37
10.42
10.50- 62
10.59-60
10.64-661
10.69-7®
10.73-751
10.77-79
L. J. ANDERSON & CO’S.
COTTON LETTER.
New York, Nov. 22.—The failure of
the revision committee to make the
changes in the difference between
grades at thelf meeting yesterday aft*
ernoon, as had been generally expect
ed, caused heavy selling nt the opening
In New York today, and as a conse
quence a bad break In that market.
Prices opened off 6 to 10 points and
further hammering during the morning
extended this decline to about 30 below
yesterday'* close. There seems to be
any quantity of cotton for sale, largely
from New Orleans. For the time the
ginning report was forgotten and every
one rushed to get rid of their long cot
ton. The ginning report was sufficient
ly uncertain to give the bears further
grounds for argument, hence It is likely
that prices will swing both ways rapid
ly for n time, but the average opinion
from 12,000,000 to 12,250,000, and in
case the next two weeks confirm this
estimate, the bears will find very little
to comfort them In the action of the
market.
LIVE STOCK MARKET.
LIVERPOOL.
range, 2 p.**tn. and clone, eompan
yesterday’s close.
Futures opened firm.
Opening _ Previous
Nov
Nov.-Dec.
Dec.-Jan..
Jan.-Feb.
-6.82H
.5,73 -5.68
.5,7014-5,68
6.80
5.78
5.63
6.62V4 6.6Oft-
.5.70 -5,66 5.67*4 5.62 5,60 .
Feb.-March. .5.71 -5.6744 6.69 5.63tf 5.6144
March-April..6.71 -5.69 5.7044 5.64 5.63
Aprll-May. . .5.74 -5.7144 5.72 5.6544 6.65
Mny-June. . .5.77 -5.7344 5.74 7.6744 5.67
June-July. . .6.79 -5.75 5.7644 5.69 5.69
July-Aug. .. .5.79 -5.77 ' 5.77 5.7044 5:7044
Closed ensr.
NEW ORLEANS.
Nov. . .
Dec. . .
Jan. • .
Feb. . .
March. .
April. .
May.. .
June. .
July.. .
today
33
10.3510.37
10.44 10.44
10.45110.49
I
10.46
10.36-37
10.36-37
10.43-44
10.49 B •
10.56-58
10.60-61
10.67-69
10.73-74
si
10.75
10.66-6
10.66-66
10.72-74
10.76-77
10.82-84
10.89
10.96-97
10.98-11
PRICE CHANGES
IN WHEAT SMALL
Domestic News Was Bullish
and Caused Slightly
Firmer Tone.
Chicago. Nov. ffi!.—lloga—Katlmato.1 rt‘
celnta toihiv 16,000. Markot WMOe higher:
linfk $6.1566.40; light $6.1086.4214; mliwi
$6.104f«.45; heavy $o.80fl«.46; rough $5.6086;
filga $6.4086.30: yorkera $6.3n®«.ft; good to
holce heavy i6.hMt6.4fi.
Cattle—Eatlmated recelpti 6.500. Market
ateady: qimllty fair; heevea $3.654,7.35: cowa
tl.M04.3O; helfc ‘
80; calrea $5®7.W;
ii 7.35; p<K»r to me
atocker* and feeders $2.60
-era $2.40^4.80; ca . _ .
irrsNi to prime steer* 85.50©7.36; j>oor to jm*;
Hhccp—Estimated receipts 15,000. Market
steady; quality fair; native $3.25415.70; west
ern $3.25Cf5.60; yearllugs $5.50$46.40; lntub*
$4 50447.60.
CHICAGO CAR LOT8.
Below Is given receipts today and esti
mated receipts for tomorrow
Wheat.
Today. Tomor.
COTTON 8EED OIL.
Following were the opening and closing
prices on cotton aeed oil today:
Opening. Closing.
MW
34*036
lay. 34%$V35 , i
Hales, 200 November nt 43, 100 May at 34*4.
CIomhI steady.
THE METAL MARKET.
New York, Nov. 22.-In tin prices were
steady, with a slight Improvement In spot
ami uenr-b.v deliveries
Copper firm but unchanged.
Hpefter um-hangtMl.
STEEL IS SCARCE;
PRICE STIFFENING
New York, Nov. 22.—The Iron Age
says today:
•Steel continues very scarce, and is
stiffening In price. Some good orders
have been entered for steel rails, In
cluding 25,000 tons for the Atlantic
(‘oast Line, 18.000 tons for the Gaines
ville and Gulf and 5,000 tons additional
for the Texas Pacific road. It Is noted
that an unusual number of roads are
adding to their earlier requirement*
for 1907.
The fact that ('hicago fabricators of
Rtrucuiral material have placed con
tracts for about 25,000 tons of shapes
for delivery during the first half of
1907 nt current prices Is Interpreted us
indicating that an advance may be In
sight.
“Generally speaking, however, the
structural mills are not crowded with
work. During the post week contracts
for buildings and bridges were given
out In the Chicago district which ag
gregate 10,000 tons. t Thw ‘ constituent
companies of th<» Steel Corporation
have placed orders for 14;000 tons of
fabricated work for new construction.
The adding of $2 per ton, on plates
In the Eastern mills Is foreshadowing
an advance.
“There has been a heavy business In
. teel bars during the past week, dis
tributors. railroad and manufacturers
of bars for reinforced concrete being
the purchasers in some instances In an-*
tlclpatlon of the advance of #2 per ton,,
which was decreed on the 15th.
“The Kastfro pig,Iron market con
tinues quit* active, the sales including a
number of goo<L lot* of grey forge In
central and eastern Pennsylvania, and
one lot of lfl.OOO ton* of basic pig at
$23 deliver**! **
Chicago, Nov. 22.—Weakness was
shown In nearly all the market* on the
board of trade at the clpse. Wheat
waa l-8@3-8c lower, led .by a sharp
bre^ik at Minneapolis. Corn waa l-4c
lower to unchanged. Oats were 1-8®
l-4c off and,provision* r 10®20c lower.
There was more doing late than, early
In the day.
Cash Bales of wheat here were 25,000
bushel*, corn 20,000 bushels and oats
85.000 bushels. At New York 11 loads
wheat, 5 loads corn and 20,000 bushels
oat*. Ft I . i / ..
Primary receipts of wheat 761,000
bushels and corn 381;Q00 v bushels,
against 1,004,000 and ' 524,000 ’ bushels,
respectively, a year w&at ^ * m,
Clearances for the day, 142,000 bush
els wheat, 26,000 bushels corn and no
oats.
Argentine shipments for the week
are eatlihated at 800,000 bushels wheat,
compared with 726,000 bushels for the
week before, and 1,623,000 a year ago.
Corn shipments 2,000,000; a week
ago 2,470,000 bushels; a year ago 2,-
226.000 bushels.
A special cable sayAth^t th^.weather
In Argentine, while unsteady, I* not un
favorable enough to cause any damage.
A bear message from Minneapolis
says; “A good deal of wheat Is offered
to arrive for December and January
shipment."
CHICAGO GRAIN MARKET.
,__cago * “
for today ]
Open. High.
TO'
WHEAT
Dee.... 73H
May *$« i 4
July— 77
COBN-
I)ee 42*4
May.... 43%
Julv.... 44%
OATS-
Dee.... 33%
May 35%
July 23%
POUK-
Jnn... 14.85
May... 15.05
LARD-
Nov.... 9.25
Dee... 8.80
Jan... 8.60
BIDES—
Jan.... 7.85
May..,
79
78
42%
sa
33%
35%
33%
42%
I
I
14.55 14.17% 14.77%
14.77% 14.82% 15.00
9.10
8.65
8.45
(’ASH WHEAT—
No. 2 red 75%; No. 3 do 74675; No. 2
hard winter 74%£75%; No. 3 lo 72®74%.
THE LIVERPOOL GRAIN MARKET.
Wheat—Opened % lower; at 1:10 p.
uiielmngcd; closed unchanged.
STOCKS REVIEWED
BY NEW YORK SUN
‘‘While the movement of prices In the
secUrlty market yesterday was general
ly characterized by Irregularity, and
there was in no sense a resumption of
the confident buying for the rise noted
last week, the course of the market yet
reflected less uncertainty on the part of
the speculative contingent than it did
Tuesday, and prices for the principal
stocks generally advanced. The state
of the money market was once more
the chief Influence affecting values.
The security market gathered vigor as
soon as money rates began to decline.
There was a renewal of activity In the
familiar leading speculative favorites.
Copper, Union Pacific, Reading, Great
Northern preferred and Northern Pa
cific shares. Intimations were forth
coming from sources usually trust
worthy that the long-talked-of Great
Northern new ore land stock issue
would be made within a very short
time. Generally speaking, there were
no specific developments yesterday, If
the. fluctuation in money rates be ex
cepted, bearing upon the stock market.
The decline In call money did not af
fect In the least rates for time money,
which were as firmly held as they have
been at any time.”—Glbert & Clay.
Private Wire to Glbert & Clnr.
New York.' Nov. 22.—Marshall. Spader k
Co.: “Apart from the price movement Iu
the north wont proper (14* am! the Ilarriman
Issues today, It Is logical to exjjeet
strength in the coalers. New York Cen
tral and metals, nud It I* quite possible that
n broader market will follow recent reac
tion and partial liquidation."
Dow-Joncs* summary: Americans In I*on-
don strong %®1 per cent above parity.
Rank of England rate unchanged.
Atlantic Const Line equity In Louisville
now more Important than Its own earn
ings.
Better demand for stocks ill loan crowd.
Large amounts of copper hid for at 22%o.
Kansas City Southern surplus In iiunual
report eqtuil to 3-10 of 1 per cent on com
mon after 4 per eent preferred dividend.
Willingness of Paris to aid London mnr-
ket with gold most Important |Kdnt in geu-
erul money situation.
Great Northern rights officially an
nounced. Stockholders receive sluire for
share of certificates of participation In ore
land .trust.
Special directors' meeting of Mexican
Central today.
United States Steel cash holdings
present estimated at $85,000,000.
at
roads for the second week Iu
November show an average gross Increase
of 11.33 per cent.
Twelve Industrials advanced .28 per cent.
Twenty active railroads advanced .77 per
cent.
New York Financial Bureau: The trend
of Hock Island continues Upward.
regard Erie as being In a position to
bulling Atchison
Northern Pacific
rent Northern—should he stimulated
Into fnrther bullish activity by the news
developments this morulng.
We continue bullish on Louisville nnd
Nashville, believing It .will be on n higher
dividend basis in the near future.
New York Centra! displays great strength
of undertone and should do better.
Pool sources are tipping Auneonda and
Copper. The possibility of n 10 per cent
dividend for Delaware and Hudson Is caus
ing Investment buying of that stock, which
Is tipped for betterment.
Ilnrrimnn buying is reported In Union
Pacific aud Southern Pacific again,
both are tipped for better figures by
bouses. Investment coiitiunes, we under
stand, in Baltimore and Ohio, which should
In* bought and held.
If Reading takes the offerings just nl»ove
150. we believe the very strong hull tip re
reived this morning can be made by
sharp advance.
Among the low-priced stocks favored by
the latest reports are Texas Pacific, Mis
Bouri. Kansas and Texns, Colorado South
ern 2d. Kansas City Southern preferred, nnd
Hocking Coni.
We remain bullish on Steel.
Par Is predicted for People's Gns.
189, with Information bullish.
Sugar and Brooklyn Rapid Transit are tip
ped by Boston.
Outside of Rill Stocks the
Market Ruled Strong
and Active.
GREAT NORTH’N FELL
Closing of Books for Right?
to New Ore Stocks
the Caiise.
CROP ESTIMATES
WILL BE LOWERED
WEATHER FORECAST,
and colder In southeast portion.
Louisiana anil East Texns—Fair Tkurs-
ay; Friday fair and warmer.
West Florida, and Alnbnmn—Fair nnd
colder Thursdays Friday fnlr.
Mississippi—Fair Thursday; colder In
south portion; Friday fair and warmer iu
• —Mon.
_>xa*—Fair Thursday; warmer In
north portion: Friday fnlr.
Arkansas—Fair Thursday; Friday fair nnd
warmer.
Tennessee and Kentucky—Generally fair
SOUTHERN EXCHANGE
Ol&nt K«t*Ml«Yiea OTUce South.
C0TT0II STOWS—BUKOS—DRAIN
Ground Floor Gould Rulldlnf. Daily
market letter nnd market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
ComspoDdtnt's Capital $250,000
RCFCrfCNCC. THE NCAI. DANK
PHONE «4tT. PRUDENTIAL. BLOC.
ATLANTA NATIONAL BANK
ATLANTA, GA,
C. E. CURRIER, Pmidtnt. A. E. THORNTON, Vlee Pre»id»nt~
H. T. INMAN, Vlee-Pr».ldtn(. OEO. R. DONOVAN, c'.hi.r
JAMES 8. FLOYD, Ats't Ca.hier,
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage,
New York, Nov. 22.—The Sun says
'The glnners’ report overshadowed
everything else, although the weather
news was bad and has been bad for
three days and, singular to say
has been practically Ignored In the cot
ton market. Rains, floods, sleet/ snow,
cold weather, even cold waves, have
been lightly brushed aside as of no
account, although there can be no
doubt whatever that they have helped
to lower the grade of crop which, to
all appearances, was poor enough In
quality already. The glnners’ report of
the out-turn up to November 14th was
8,531,486 bales, against 7,751.180 for the
same time last year and 9,786,646 for
a like period In* 1904. In other words,
the ginning up to the date mentioned
was 1,162,000 bales less than during the
same period In 1904, and If these figures
are worth anything at all, they put
the.quietus .on the talk about a crop
of 13,000,000 bales, to say nothing of
14.000. 000. The figures may'-not be com
jplete; they probably are not. The sea
pon, too, is probably late and it Is dif
ficult to determine just what percent
age of the crop even the completest
0gyres at the present time woufd.rep-
resent, but ^there is a very general be
lief that they stand-for something like
^0-per* cent,-though'dome think IU In
Ihll.v likelihood: something - like 74 -per
V&nt. At 70 percent the crop would be
12.180.000, bales. At 72 per cent It would
‘approximate lt',85O;O00 bales. 'Some es
timates, however, range high as 12,500,-
000, not Including Haters." ,
!■ ' New Orleans, Nov. 22.—The Times
Democrat says: “The logic of the situ
ation appears to be this: Changing
onditlons of trqde, price control and
nagnitude of production .have radically
altered the relative value of statistics,
av factor which neither faction seems
willing to admit or aple to fully grasp
as yet. In the big crop year un open
fall and winter drew maximum yield
from the plant and producing plants
were plowed under the following spring
while the demand.for actual cotton en
countering a declining market suppl\d
no specific spur with which to urge the
glnner on to greater effort*. This fall
the situation has been completely re
versed. Frosts nnd cold waves, broke
early records .over a large portion of
the belt, while storms did some damage.
The demand for actual cotton has been
ravenous and Texas has been called
upon to supply an unusual portion of
the current requirement., (‘onsequeptly
the reasonable view would seem to be
that, while a crop large by comparison
with average yield Is promised*by the
direction the returns have taken In the
world’s requirements, augmented In
many ways. Is greater than its own
average by many thousands of bales
more than is the yield greater than the
average crop out-turn."—Glbert &
Clay.
New York. Xuv. 22.—'Today's markot wn«
fnvqrnldy Influenced In two Uirpetim^ | t .
file long-awaited aunouncetpeiit of'tln* <lig.
trlhutlon of Great Northern's prom* fi„. n
the ore lands, nud by the deeide.ilv
rales for call money. The effect ..r ,i„.
first nniiouneement proved> to- bare t
fully dfseouAted so flirarflb* Northwestern
stocks were roiicenied. But the u.-w- .ii,
hripg some fresh buying of Talon iwitt,-
which; ns it holder prestunnftlv of |., r '
block of Great Northern stockH. trill
HubatiwitlnUy by the declaration.
I'nIon I'iiclftc was up u point in the ..irl*
London market and rose altogether 2 | Hl i nr l
in the eourse of the early trudiiiii h*r$»
The advance provided stimulus nstiirniiv
to the speeiiiation lit other quarters 'imt
money did not go above 6% per cent dm'-i, *
tjie forenoon, helped also to create « nua-i
confident feeling. There were henvv Z.l
lagsi at advancing prices in Southern hu>\fc
In Delaware and Hudson. Hemline i iV
Pennsylvania and some of the minor
shares, hut the rise on the whole wns ..nit*
moderate and the action which eh;
Ixed tin* dealings a week ago wn
pletely absent.
Outside of the Hill'Stocks, the
ruled strong and active during the
part of the flm hour and material caina
were made Iu all the lending Issues.
On the announcement :of the clodn -
tho hook*, of the Great Northern for rlirhts
to the new ore stock the price dropped f r „ m
330% to 328%. Northern I’n cl fie deed iu*
In sympathy with Great Northern Itr.M.k
lyn Rapid Transit continued Its mmaid
movement, advancing 1,z
Government
bond* strong.
SEABOARD AIR-LINE.
Seaboard Air Line *to&
do, ten-year 5s...
do, thrce-j
do, 4s.. ..
LONDON STOCK MARKET.
•nt Western
Canadian Pari fir. . . .
Denver and Rio Grande.
Erie
do. preferred
Illinois Central
Kansas nnd Ttyms.. .. ..
do. ——•'
Norfolk aud Western.
Northern Pnelfle. . .
New York Central.. .
Ontario nml Western.
Peunsylynuln.. .. .. ,
Heading
Hoek Island.. .. .. ..
.Southern Railway. . .
o, preferred
Southern Pacific
St. Paul
Union Pacific.. .. ,
do, preferred
United States Steel. .
*o, preferred.. . .
•ash
o, prefeited
..I 48%I 48%' 47%
..|in6%iar.%
19%!
....! 43%:
THE COFFEE MARKET.
w York. Nov. 2&~Tlm coffee market
(•peiicd steady at unchanged prices to a de
cline of 5 point* aud improved a iitti**
during the morning on buying bv lend
traders and scattered covering based on
bullish Itrii/.l1lan news ami expeetntieni
that a second valorisation loan would l«*
ummuneed iu the near, future. of tic*
Urutlltau \\tt\vkvq», Ubv lost vhc tm'iA ad
vance of 75 rel* nml Kantos was weak but
hanged with the rate of exchange l-32»l
er. The receipts at the two ports were
90 bags, against 49,00b bags last year,
nnd Jundlahy receipts were 58,000 bag",
against 62,000 the previous day and 2J.<M)
luigs Inst year. San Paulo receipts for the
day were 67.981 lings, agrtlnst 31,921 last
year.—Glbert A- Clay.
The following table' gives the opening
range and close Iu the New York ooffro
market today:
January.. .
February..
March:.,.,
April
May
Octolier
November
December
Closed firm.
Opening
Unngc.
.. .6.30 6.3')
...6,45
. .6.45-6.50
Safe Deposit Boxes
For renl in our vaults in the basement of the
Empire Quitting for only $5. 00 each per
, annum.
Absolute Security and all Modern Conveniences
Youthoutt not be Without one. We invite
you to call and inspect them
Title Guarantee and Trust Co.
CENTRAL BANK AND TRUST CORPORATION.
Individuals, firm* or corporation* contemplating openlfix a (tank account, or
chsnpns tbelr present one, are invited to roil or writ* us. nfid we will be pleased
to extend them every courtesy and consideration consistent with sound banking.
3% Per Cent Compound Interest Paid in Our SAVINGS DEPARTMENT.
Capital $500,000.00.
OFFICERS:
At* G. Caitdlar, Pmidtnt.
Wm. H. Patterion, Viet Pmidtnt A. P. Coltt, Cashier.'
John S. Owane, Vide Pmidtnt. Wm. D. Owtnt, Atit. Ctthitr.
TRUSTEES: — <
I. Y. Sage.
John N. Goddard,
Stm O. Jonas. . .
F. B. Dancy,
Norman C. Millar,
Geerge E. King,
leaae H. Hiraeh,
WillUm M. Nix
Eugene R. Blac
J. P. William*.
Charlai G» Goodrich,
Or. J. Scott Todd,
Aaa G.. Candler.
William H. Patterson,
John S. Owens.
HUBBARD BROS & CO., S.
Atlanta Offices. 219-221 Century Building.
Members New York Cotton Exchsngc, NetvOr-
leans Cotton Exchange, Liverpool Cotton Asso-
ciation. Chicago Board of Trade, New York Cof-
>* e Exchange, New York Produce Exchange.
Business solicited for the aba ve exchanges.
Uh-ect wire service. Correspondence invited.
Phones 4M, Long Distance J9. A.S. Hustnrr. Mgr.