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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.