Newspaper Page Text
12
THE ATLANTA GEORGIAN,
TBVUSiT. NOVEMBER
NEWS AND GOSSIP
of the Fleecy Staple.
ErtPi-ciri a Rapid and Decided
Slump in Prices in
Early Session.
SLIGHT RALLY. LATER.
During the Late Trading
Tone Was Steadier But
. .Trend, Downward.
In? <
••cotton mnrkct to\Iny'Wa» riotlvd
and prices were down 3©6 points, follow*
In? the further declines after the call. At
any rate, selling pressure ?n!ned such
hendwnv after the call that pricer, fell
about 20 points under yesterday a close In
the ‘first tfcrenty inltiutes.
Aivl
morn In? <
!vlcfl£fron*I,UpriM»nr!UjM mo
encodjia?lng.#o tin* hulft, so
a wcffi •iinpcrn* if. - TUo* in
due to conic Kw/IL points *up. wbereai the
advance wns'VijIy 6tf7% 'points, most of
which wftf lost Before the dose;-whUft'waa
quiet and unchanged to 4 points higher.
In the active
Open. High. Low.
5.87 5.79
5.70 5.62
5,72 5.64
5.77 5.67%
Following Is the rang<
months In Liverpool todi
One
November 5.®
January-February. . . .5.70
Mareh-April 5.71
Mny-June ..5.77
The confident manner In which the hears
attacked the cotton market made their on
slaught successful, even beyond their ex
portations. ami prices uieltcd away at a
brenth-tnking pace.
The slump was unwarranted by exist
ing conditions, other than that there Is nu
absence of specula (Ion In the market. The
trade situation continues the same, and
there are no indications, nt present, of a
fulling off In the demand for the raw ma
terial by the mills, especially for the good
grades.
The glliners* report was Issued yester
day. and It leaves the trade still In doubt
ns to yield for the current season. A
large or moderate crop can still In* fig
ured out by the expert bull or bear statis
tician from the figures of the report.
The figures, ns compiled by the census
bureau, are ns follow;
Alnbamn .* .. ., 834,870
Arkansas 458.472
Florida 432,841
Georgia ...1,190,627
Indian Territory 238.242
Kentucky 835
Louisiana 539,791
Mississippi 789,484
Missouri 23,091
North Carolina 383,356
Oklahoma 243.338
Houth Carolina 653,375
Tennessee 142,970
Texas 2,982,698
Virginia 7,676
Total.. 8,531,486
The number of sen Island hales Included
are 29.133 for 1906, distributed by states as
follows: .
Florida 14,977
Georgia 12,658
South Carolina 1,498
A New York broker says:
“No sane man will'contend thnt there
wllf be more cotton ginned after Novem-
her 14 than there was lu the big crop
year. In fact, every one knows that there
Private Wire to albert &, Clay.
•^■Ndw yefk, Nov. 22.-—Liverpool
12:3ft. p. ra, 6 to 7 1*2 higher; was ex
pected 10. to 11 higher. On this basis
we should .Open 7 to 8 lower.
Journal 6t Commerce says: “New
cotton grades revised by committee;
radical results announced after long
session. Low middling 60 points
barely low middling 70 points
strict good ordinary 90 points
fully good; ordinary 107 points off, and
good ordlgaryil25 points off."
New York wires: "Think glnners’
report Indicates crop of 12,260,000
maximum. May be much less owing to
bad weather destroying cotton now
open. Looks much higher. Local traders
and Odell .'selling. There Is proceeding
steadily from day to day ana the vol
ume of goods taken sums up very well
when the figures of many small sales
are collated. „ Converters whose con
tracts are .expiring within sixty days
tre quietly, renewing, and .those small
users who are not protected by. con
tracts’are finding It very hard td get
goods, at prices that will nett them
a. profit when turned over. The re-or
dering, printing gobds continued i good
South and West, ‘ although thd' first
shipments have not been made. There
Is a large demand reported by sales-
■men on the road for wash fabrics tor
spring.”
New Orleans, Nov. 22.—Liverpool
only 4 6‘*. to 7 up, Is, quite disappointing:
Was-idue 13 points higher. ' (
Liverpool cables: “Egypt realnlnc
heavily. Don’t think the market,likely
to go'much worse..'We thlnk’it better
to buy down than-go short.” '
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.
The Eastern • forecasts indicate fair
and colder weather tonight and Friday.
The Western forecast Indicates gen
orally fair and warmer weather tonight
throughout, with Increasing cloudiness
and possible showers tomorrow, fol
lowed by colder weather In the Western
portion.
THE WEATHER.
LOCAL FORECAST.
was perfect weather thnt season until Iodl
after Christmas, nml thnt we have had
and are having a whole lot of bad weather - , - - -
this toll. It will be wtfo, thrrrfore, to hot temper.Wf..*out freeslnif.
that this crop Is, at least, as much smaller
FOR ATLANTA AND VICINITY-Fnlr
CONDITIONS.
Ai» Wes of* high pressure rovers
greater portion of th^ map, except In south
ern Rocky mountain districts and lu tho
northeast. There has been a rapid rise lu
the barometer nt all stations from the up
per Ohio valley westward to the Rockies
mid In tho north Pacific states. The storm
that was centered near 8t. Louis yesterday
has-moved northeast, causing snow In the
l4ike region and rain In the Interior. Hnow
js falling at Marquette and ruin nt Pos
ton und Portland. The advance of this
storm area has caused warmer weather on
the Atlnntlc coast and In the northeast.
Colder and mostly clear weather prevails In
the Mississippi and Ohlo vr" *
Into northern Florida. The ....
a turn range from 14 degrees nt Atlanta to
36 degrees nt Birmingham.
The advance of the nrea of high press
ure will cause fair weather In this sec
tion tnnlghtc and Friday; colder tonight—
* *4r
than tin* big crop, as tomorrow's report Is
less than thnt of the Idg crop season,
which was 9,787,000 hules."
A good business was reported doing lu
spots at 13 points advance, making mid
dung fi.07d. Hplnners Increased their
Ings ti> 10,000 halo*.
In New York, prices started weak, and
grew weaker through the first hour’s trail
ing. Opening quotations were 3B9 points
lower, on the active months, and In n very
short while added 17lf20 poluts to the open
lug decline.
The slump was cheeked before midday,
snd prices rallied some 8*110 points, while
fluctuations were narrow for an hour, when
pressure was renewed and prices were
again on the downward turn.
Comparative receipts at all United Stntes
B? receipts today 63,933
Same day last year 56,828
Decrease 2.895
Total receipts for five days.. .. .. 348,949
Haute days Inst year.. . . 328,331
Increase : 20,615
Total receipts since Hepteniber 1....3,833,039
Maine time last year
In
Estimated tomorrow:
New Orleans..
Galveston.. ..
Houston.. ..
Movement at Atlanta:
Receipt* today
Same day Inst year....
Increase
..id.wo'toVooo
..15,000 to 18,000
....15,000 to 17,000
.3,618,397
21,442
1905.
17,068
12.805
7,883
1.500
225
114.862
11.393
Increase 3,479
At the close, the market was steady, at
practically the low point of the day, net
274432 points lower.
ItMTi
Stock on hand today,
Maine day Inst year...
TODAY’S PORT RECEIPT8.
The following table shows receipts nt the
1906
1905
New Orleans
Galveston
Mobile
Savannah
rhar!e*ton
Wilmington
Norfolk
Boston
Philadelphia
Port Arthur and Sa
bine Pa**
Port Townxetid. . . .
1H«»2
1504
13749
429
LiKM
3800
90
.33
11508
i:W78
«w
12172
823
2533
.S46»;
761
98
6101
Total .
53MB *
56328
INTERIOR RECEIPTS.
The following table show* reeelpta at the
interior town* tt*lay, compared with the
i.imu day laat yeur:
19)6
1905
Houston. ... . . . .
August.*!
Memphis
Kt. IahiI*
I’iiifiiiuntl
-10779
2«9
.37SI
5677
204
9231
1264
3852
I2ttl
17334
Minimum and Maximum Temperatures
and Rainfall.
Observations taken at 8 a. m., 76th meri
dian time.
Atlanta., ..
Abilene.. .. ..
Amarillo..
Ashevlllg..' .. .
Augusta..
Birmingham.. .
Ill sum rek
Ho*ton.. .. ..
HiifTiiln
Charleston.. ..
Charlotte.. ,, ,
Chicago
Cincinnati.. ..
Corpus L'hrlatI.
PaveaporfeL. ..
Ml* cr™
aSi
Havre
Jacksonville
Jupiter
Kansas city
Key West
Knoxville.. . . .
Lander
Is>* Angeles
Macon
Marquette
Memphis.. ....
Meridian
Mobile
Modena
Montgomery. . ..
Nashville
Orleans
New York.
Norfolk
North IMattc
Omaha-. .
Oswego
Palestine ;•
Pittsburg
Portland, ' Maine..
Portland, Oreg.. .
Rapid City
St. Louis
. IMul
San Francisco.. ..
Savannah
Spokane
Tampa
‘Paylor ,
Thomas?ille. . ..
Vicksburg
Washington
Wilmington
Wlnnemueea
*1* Indicates trace o
rain or s
J. H. MAHIIURY,
Section Director.
SPOT COTTOr/ MARKET.
Liverpool, spot cotton firm; middling up
land* 6.07d; sales 10,600; American 9,000;
speculation ami export l.SW; receipts 13,-
0»>: American 6,300.
Atlanta, weak at 10%e,
New York, quiet nt 10.90c.
New Orleans, steady at 10%c.
Hostou, steady at 11.10c.
Houston, steady at 11 JM6e.
Baltimore, nominal at lie.
Memphis, steady at 10* 4 r.
Savannah, easy at 1064c.
Edited by
jrpseph B. Lively
Mr. Lively’s twenty-five
years* experience of ed\
Itlng markets In Atlanta
.and the 'South has marie
him .a. recogulzed au
thority la bis specialty.
TIPS FLASHED
From Wall Street.
RANGE OF N£W YORK STOCKS AND, COTTON 'MARKETS
NAME OF STOCK.
Amalgamated Copper. .
Atlantic Coast Line. . .
America* Sugar Kef. ‘t •
Anacondq. ....... .
American. Locomotire. .
do. pre (erred. .«* . .
Am. SmUttog Kef. . .,;
do. preferred
Atchison. . . •
do. preferred. . . •
American Cotton OIL .
Am. Car Foundry. • .
Baltimore & Ohio. . 4
Brooklyn Rapid T. • .
Canadian Pacific. • . •
Chicago & Northw'u. .
'’hepnpenke A Ohio. .
olorndo Fuel & Iron.
.Central Leather. .
:
Chicago, M. A St. P. .
Delaware St Hudson. •
Distiller’s Securities. .
Erie. .
do. preferred. . . . -
General - Electric. • • •
Illinois Central. . . ...
Am.. Ice Securities.'# .
Louisville St Nashville.
^.Lt^l 95|
Total stock aaleaTotlsy l,090 6(j^ shnrR»^
NAME OF STOCK.
N. Y„ lint. Sc Western.
National Lead. . . .
Northern Pacific. • •
New York Central. .
Norfolk & Western.
Pennsylvania. ..........
People’s Gas . • . .
Pressed Steel Car.
preferred. .
Mali. ....
Pacific J
Southern Pacific. . .
Southern Railway. .
. do. preferred. . .
srou-sh.m.id. . . .
•Tenn. Cosl A Iron. .
Texas A Pacific. ...
Union Pacific
United States Steel.
do. -preferred. . # ,
Ya.-C«r. Chemical. •
dp. preferred. . . ,
Western Union. . . .
Wabash
do. preferred. . • .
Wisconsin Central. . ,
do. preferred. . • ,
NEW YORK.
The following Is the range In cotton -fu
tures In New York today:
S'ov. •#"::,
>ec. . . . ,
Jan. . . .
Feb
March.
April.
i
16.30io.22 io.:
iprll. . .
fay., . .
June. . .
July 11068
Closed steady.
!
■.18-25
10.03-04
10.13-14
10.21-23
10.60-G&
10.35-37
10.42
10.50-62
10.59-60
-.10.64-66
10.42-43 10.69-70
L. J. ANDER80N & CO’S.
COTTON LETTER.
New York, Nov. 22.—The failure of
the revision committee to make the
changes In the difference between
grades at their meeting yesterday aft
ernoon, as had been generally expect
ed, caused heavy selling at the opening
In New York today, and ns 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’s 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 tho next two weeks confirm this
estimate, the bears will find very little
to comfort them in the action of the
market.
LIVERPOOL.
The ’following table gin** the opening
range, '2 p. m. and close, compared with
yesterday’s dose.
Futures opened firm.
Opanifig " " *
Dec.-Jan.. . .6.70%-5.6L
Jan.-Feb. . .5.70 -5.66 5.67% 5.62 5.60
Feb.-Mareh. .5.71 -6.67% 6.69 5.63% 5.61%
Mareh-Aprll..5.71 -5.69 6.70% 5.64 5.63
Aprll-May. . .5.74 -6.71% 6.72 5.65% 5.65
May-June. . .5.77 -6.73% 6.74 7.67% 5.67
June-July. . .5.79 .-6.75 5.76% 5.69 5.69
Jotr-Aug. .. .6.79 -5.77 5.77 5.70% 5.70%
Closed easy.
NEW ORLEANS.
The following la the range In cotton fa-
tnroa In New Orleans today:
Nov
Dec. . . .
Jan. • . .
Feb. ...
March. . . .
April. . . .
May
June. . . .
July.. .
H
19.36-37
10.43 41
10.49-60
10.56-38
10.60-61
10.67-0.*
10.73-74
Closed steady.
it
10.75
10.65-61
10.65 66
10.72-741
10.76-77
10.82-84
10.89
10.95-97
10.98-11
PRICE CHANGES
• IN TOT SMALL
Domestic News Was Bullish
and Caused Slightly
Firmer Tone.
LIVE STOCK MARKET.
Chicago. Nov. 22.—Hog*—Estimated re
ceipts today 16,000. Market 5010c higher:
lmfk 86.1566.40s light $6.10(96.42%; mixed
$6.1066.45; heavy $5.80©6.46; rough $5.80©6;
steady; quality fair; beeves $3.N>ih,^
$1.3064.20; heifers $2.40©4.80; calves $307.60;
S imhI to prime steers $5.6067.35; poor to me-
linn $3.9065.15; stockers and feeders $2.60
^Mheep—Estimated receipts 15.000. Market
steady; quality fair; native $3.26tfi5.i0;west
ern *3.2666.60; yearlings $5.5066.4'*; lambs
$4.5067.60.
CHICAGO CAR LOTS.
Below Is given receipts today and estl-
nmb'd receipts for tomorrow
Today* Tomor.
COTTON SEED OIL.
Following were the opening and closing
prices on cotton seed oil today:
Opening. Closing.
November 41%®42 4l\642%
December
January.
February.
March —
May 34^35 34^035%
^ ^ ... ... ^ May nt 34%.
Chicago, Nov. 22.—Weakness
shown In nearly all the marketssm the
board of trade at tbe fck>se. Wheat
was 1-863-8c lower,' led by ■*& sharp
break at Minneapolis. Corn was l-4c
lower to unchanged. Oats were 1-86
l-4c oft and provisions 10620c lower.
There was more dplng late than early
In the day. •
Cash sales of wheat here were 25,000
bushels, com 20,000 bushels and oats
85.000 bushels. At New York 11 loads
wheat# 5 loads corn and 5Q,Q00. bushels
oats.
Primary receipts of wheat 761,000
bushels and com S&lftOO bushels,
against 1,004,000 and.J524,000 bushels,
respectively, a year ago.
Clearances for the day, 142,000 bush
els wheat, 26,00.0 bushels corn and no
oats.
Argentine shipments,'for Die .week
are estimated at 800,00d bushels w ; heat,
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 yeur ago
226.000 bushels.
A special cable sayfi that the weather
In Argentine, while unsteady, Isinot un
favorable enough to cause any* damage.
A bear messngo from Minneapolis
says: “A good deal of wheat is offered
to arrive for December and January
shipment.” ^
. CHICAGO GRAIN MARKET.
Chicago grain and provision quotations
for today follow:
Open.
WHEAT-
Dec.... 73%
May ’,H\
July.... 77
CO UN-
Dee 42%
May.... 43%
July.... 44%
OAT8-
- >ee.... 33%
May 35%
’fa- 3 *
Jan... 14.85 1
May... 15.05 II
High.
78%
1
4S4
44Wi
4IV,
.««•
.w;
T3W
7S>,
T!H
42U
sn
ia
33%
THE METAL MARKET.
LARD—
Nov.... 9.25
Dec... 8.80
New York, Nov. 21—In tin price* were
atcailv. with u alight Improvement lu a|M>t
and
r-by deliveries
STEEL IS SCARCE;
PRICE STIFFENING
-The Iron Age
ATLANTA. CA
Board of Trade.
Cotton Am’il
Cotton Ex.
GIBERT & CLAY
STOCK*. BONDS.
IS C ALABAMA IT. COTTON. CRAIN.
CO FFCC. PROVIftlON*.
MEMBERS:
New York Stock Exchange.
New York Cotton Exchange.
New York Coffee Esebauj^
Local and Long Oiotanco T.lophono S29& C. E. KEPLINGER. Managor.
ALONZO RICHARDSON & CO ~
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
New York, Nov. 22.-
8aya 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 und 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 requirements
for 1907.
“The fact that Chicago fabricators of
structural material have placed con
tracts for about 25,000 tons of shapes
for delivery during the first half of
1907 at current prices is Interpreted as
Indicating that an advance may be In
sight.
’’Generally speaking, however, the
structural mills are not crowded with
work. During the past week contracts
for buildings and bridges were given
out In the Chicago district -which ag
gregate 10,000 tons. The constituent
companies of the* Steel Corporation
have placed orders for, _-l4,^00 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
steel bars during the past week, dis
tributors, railroad and manufacturers
of bars for reinforced concrete being
the purchasers In some Instances in an
ticipation of the advance of $2 per ton,
wh!cj» was decreed on the lf»th.
' “The Eastern pig Irotr market con
tinues quite active, the sales including a
number of Tgood lots’-ofvgrey forge In
ventral and eastern Pennsylvania, and
one lot of 10.000 tons of basic pig at
$23 delivered.”
8IDE8—
Jan.... 7.85 7.85
May... 7.95 7.971*
PASH WHEAT-
\\n
9.10
8.65
• 8.46 '
9.10
8.65
8.45
7.72% 7.72% 7.f
STOCKS REVIEWED
BY NEW YORK SUN
New York, Nov. 22.—The Sun says:
"While, the movement of prices In the
security 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. Genevally speaking, there were
no specific developments, yesterday, if
the * fluctuation In money rates be ex
cepted, bearing upon the stock market.
Tho 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. ■
WEATHER FORECAST.
Private Wire-to Uibert & < lay,
New York, 'Nov. 22T.—MarsluilH Spader A
Co.: “Apart from tho price movement lu
the northwest properties ami the Horrliuaii
issues today. It Is logical to expect
strength in the coalers. New York Cen
tral and metals, and It Is quite posslldi
a broader market will follow recent
tlon and partial liquidation.”
Dow-Joues’ summary: Americans In Lon
don strong per cent above parity.
Bank of England rate unchanged.
Atlantic Const Line equity in Louisville
now more Important than Its own cam-
logs.
Better demaud for stocks lu loan crowd.
Large amounts of copper bid for nt 22%e.
Kansas City Southern surplus In annual
report equal to 3-10 6f 1 per cent on com
mon after 4 per cent preferred dividend.
era! money situation.
orthern rl_ ,
nounced. Stockholders receive share for
share of certificates of participation In ore
laud trust.
Special directors’ meeting of Mexican
Central today.
United States Steel cash holdlugs nt
present estimated at $85,000,000.
Thlrtv-two roads for the second week lu
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 Rock Island continues upward.
We regard Erie ns being in u position to
be raised moderately.
Western Interests are bulling Atchison
strongly. The HUI stocks—Northern Pacific
and Great Northern—should be stimulated
Into further bullish activity by the news
developments this morning.
We continue bullish on Louisville and
Nashville, believing it will be on a higher
dividend basis in the near future.
New York Central displays great strength
of undertone and should do better.
Pool sources are tipping Anaconda -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.
Hnrrlinnn buying Is'reported In Uuion
Pacific and Southern Pacific again, ami
both are tipped for better figures by big
houses. Investment continues, we under
stand. in Baltimore and Ohio, which should
bo iMiught and held.
If Reading takes the offerings just nbove
150, we believe tho very strong bull tip re
eolved this morning can be made by
sharp advance.
Among the low-priced stocks favored .
the latest reports are Texas Pacific. Mis
souri, Kansas and Texas, Colorado South
ern 2d. Knnsns City Southern preferred, and
Hocking Coal.
We remain bullish on Steel.
Par Is predicted for People’s Gas.
Smelters should do better.
St. Paul Is held yet between 186 nnd
189, with Information bullish.
Sugar und Brooklyn Rapid Transit are tip
ped by Boston.
LEADING ISSUES
Outside of Hill Stocks the
Market Ruled Strong
•and Active. •
GREAT NORTH’N FELL
Closing of Books for Rights
to New Ore Stocks
the Cause.
CROP ESTIMATES
♦ WILL BE LOWERED
Georgia—Rain and colder Thursday: Frl-
lay fair nnd colder In southeast portion.
«Louisiana ami East Texas—Fair Thura-
lay; Friday fair and warmer.
West Florida nnd Alnbniun—Fair nnd
colder Thursday; Friday fair.
Mlsalsslppl—Fair Thursday; colder In
nouth portion; Friday fair snd wnrmer In
west portion.
West Texas—Fair Thursday; warmer In
north portion; Friday fair.
Arkansas—Fair Thursday; Friday fair and
warmer.
Tennessee nnd Kentucky—Generally fair
SOUTHERN EXCHANGE
Oldest Established Office South.
conoa—STOCKS BOBOS—GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
THE LIVERPOOL GRAIN MARKET.
Wheat—Opened H lower; at, 1:30, p. m.,
. jehnnpetl; closed irnchS"™*
* Corn—Opened nncliiintf
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL BANK
PHONE I4IT. PRUDENTIAL. BLDG
ATLANTA NATIONAL BANK
ATLANTA. GA
V
C. E. CURRIER, President. A. E. THORNTON, Vice-President
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Csehler
JAMES S. FLOYD, As.-t Cashier.
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, it
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 f6r 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 qpletu* on the talk: about a crop
of 13,000,000' bales, to say nothing of
lii00D*,OO0 v yhO‘ figures may.not be com
plete: they.probably are not..The sea
son,'-too, Is probably late and it Is dif
ficult to determine Just what percent
age. 6f‘the crop even the completeit
flkUres at the .♦present time woulct rep
resent, but there is a very genera] be
lief that they stand for something like
70 per cept, though .some think it In
all. likelihood something Tike ppr
cent-At .70 per cent a the. crop^wquld be
1*2,180’,006 bales. At 72 per cent It would
approximate 11,850,000 bales.‘Some es
timates, however, range high ail *12,500,-
000; not including llnters.”
New Orleans, Nov. 22.—The Times
Democrat says: “The logic of the situ
ation'- appears - to be this: (’hanging
cqfidltions of trade, price control and
magnitude of production have radically
altered* the relutlve value of statistics,
a < fubtor which neither faction seems
willing to admit or able to fully grasp
as-yet. In the .big crop year an open
rail 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, supplied
no specific spur with which to urge the
gihner on to greater effort. This fall
the situation has been completely re
versed. Frosts and cold waves broke
early records oyer a large portion of
the belt, while storms did some daiuage.
The demand forractual cotlon hafc been
ravenous apd Texas has .been .called
upon to supply an unusual portion of
the current requirement. Consequently
the reasonable view would seeip’ to be
thdt,*' While a crop Ifirfce 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
mo# than Is the yield greater than the
nvemire crop out-turn."—Glbert &
New York, Nov. 22.—Today's market
favorably influenced lu two dlrec‘t|nnj
the long-awaited announcement of th,.
trllmtloa of Great Northern's profits fri
the ore lands, und by the decidedly easto
rates for call money. The effect of* th,
first announcement proved to have tuJ
fully discounted so far as the Northwester,
stocks were concerned. But the new* .it
bring some fresh buying of Union PneMp
whleh. ns a holder presumably of tt |„ r ’
block of Great Northern stocks, will
substantially by the declaration.
rUuloa Pacific was up a point In the , flr i»
London market and roso altogether 2 imint*
In the course of. the early trading her*
The advance provided stimulus naturallr
to the speculation In other quarters n nil
money did not go above 6% per cent ilurtug
the forenoon, helped also to crent4> n nior#
confident feeling. There were henvv
lugs nt advancing prices In Southern i'arlitr
In Delaware nnd Hudson. Reading, fhp
Pennsylvania and some of the mltmi
shares, hut the rise on the whole wn* uirfu
moderate nnd the nctlou which ehnrn
Ised the dealings a week ago was
pletely absent.
Outside of the Hill stock*, the market
ruled strong and active during the greater
part of the first hour nnd material
were made In -all the leading Issue*
On the nunnuiieement of the c|osla« ,>f
the I took* of the Great Northern f ( .r rHiu
to the new ore stock the price dropped from
330% to 328%. Northern Pacific declined 1
in sympathy with Great Northern. Urn*:
I.vii Rapid Thins!t continued Its in.\v,u,|
movement, advancing 1%.
Government bonds unchanged. other
SEABOARD AIR LINE.
Following were the Hosing quotations of
Seaboard Air Line stocks nnd bonds:
u . I ' Bid. Aiked.
Seaboard Air Line, common. 23% i
do, first preferred so m
do. second preferred r*o :c
do, fen-yenr 5s pm jonu
do. three-year 6s
do, 4s.. .a si v
LONDON STOCK MARKET.
Grout Western..
c.’anndlnn Pacific. ....
Denver nnd Itlo Grande..
Erie
do. preferred.. ^ .
nols Central
Kansas and Texas..,.,
do, preferred ;.
Louisville nnd Nashville. .
Mexican* Central
Norfolk nnd Western. . . .
Northern Pacific. . . . .
York Central
Ontario nnd Western. . ..
Pennsylvania
Reading..
Rock Island
Southern Railway. , . . „
do, preferred
Southern Pacific
Paul.. ,
I’nlon Pacific
do, preferred
m
I3ivl i.ii" i f
47%!
I39%;!.’»»4 ! -' ! *
149% 150% 1174
32% ;
34%
94% ! ... ■
95%' 95% ’M\
186%:w, D64
189%! 189% l-'>\
92V
48%' 48% 47%
.1105
106% -«
J?-::::::
THE COFFEfe MARKET.
York, Nor*. 22.—The
points and r
morning on buying by
* leattered covering bn*<
Ine of
during the
traders ubu I
bullish Brasilian news ami expectation*
that a second valorization loan would
Dttuticcd In the near future. of th-
Brazilian markets, Rio hist the reei*nt i" 1
vnnee of 75 rel* and pantos was weak In;*
unchanged with the rate of exchange 1 SM
lower. The receipts at the two port* wen*
91,000 bogs, against 49,000 hags last year,
and Jundlnhy receipts were 68,000 hag*,
against 62,000 the previous day ami 21.e 1 '
bags last year. Han Paulo receipt* for Hie
*uy were 67,981 bugs, against 31,921 la't
enr.—Glbert A Clay.
The following table gives the o|>cnu>.'
range ami close In the New York
market today:
pciilng
Range.
June
July
August
September
October
November
December
Closed firm.
Safe Deposit Boxes
For rent in our vaults in the basement of the
Empire Building for only $5. 00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you to toll and inspect them.
Title Guarantee and Trust Co.
j CENTRAL BANK AND TRUST CORPORATION.
Individual*, firms or corporation* contemplating opening a bank account, or
5 changing tbelr preaent one, are Invited to call or write*ua, and we will -be niensed
j to extend them every courtesy and consideration consistent with sound banking.
S 8% Per Cent Compound Interest Paid In Our S’AYINGS DEPARTMENT.
Capital $500,000.00.
OFFICERS:
2 At» G. Candl.r, Presicf.nt.
: Wm. H. Patt.r.an, Vie. Prnid.nL A. P. Cel.., Caihi.r.
: John 8. Ow.m, Vie. President. Wm. D. Owen., Ant. Cashier
■ TRUSTEES: . .
, I. Y. Sage, Ocerge E. King, • Charles G. Goodrich.
John N.'Goddard, Isaac II. Hirech, Or. J. Scott Todd,
Sam D. Jones, William M.Hi'xen, * ' Asa G. Candler,
F. B. Deney, Eugene R. Black, William H. Patterson,
Norman C. Miller, J. P. Williams, John S. Owens.
COTTON
•9 MERCHANTS!
HUBBARD BROS & CO
Atlana Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof-
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones 451. Long Distance 39. A.S. Hustace. Mer.