The Atlanta Georgian. (Atlanta, GA.) 1906-1907, November 24, 1906, Image 16

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■ .16 THE ATLANTA GEORGIAN, SATURDAY, NOVEMBER 24. 1506, COTTON AT CLOSE SLIGHTLY HIGHER Day’s Short Session in All Market s .Encouraged the Bulls. THEY ARE CONFIDENT Claim Present Conditions Will Result in Still Fur ther Advances. NEWS AND GOSSIP of the Fleecy Staple. Private Wire to Albert & Clay. Now York, Nor. 24-~Llverpool nt 7 to 8 higher, about as expected. On tbia basis we should open unchanged. ""A* general tnlacellaneotja demand for Jamb nry canned market to open better than ex pected. lienta Brothers sold the New York mar- ket down. Journal of Commeree: “The movement of goods la very aetlev nud the neceaaary apllt- ting of consignment* In order to appease buyers who are prr * ally to the clerical ... and Jobhlug bousea. Tin* feeding process of buying goes on. but Hc’lcrs think It Is due more to the scarcity of goods than to notable hick of speculative offerings here, nnd in the first fifteen minutes prices scored a net rise of 17 pdlnts. There wna a fair trade among commission bouses. The feeling In the cotton market this morning wss more cheerful than for quite u while. The Liverpool market waa about as ex pected, the dose lielng 7fit points higher for options. Following is the range In the active months In Liverpool today: Open. High. Low November 5.86% 6.87 5.85 . JanoaryFebruary 5.65 5.70 6.66% Mnrch-Aprll 6.70 6.71 6.68 May-Jane 5.74 5.75 6.72 In the spot department, trade waa very dttll, but steady. The price for middling was advanced 10 points to 6.09d on sales of only 4,000 bales. In New York, futures opened 2(09 points higher, sold off some 8010 points, rallied, mid closed steady 3 points lower to 7 points higher, the former for Nnvemltcr. ♦ he past week controlled the futures mar kets nnd wore successful In forcing the market decidedly lower. Trices were strong with ii strong upward tendency up to Wed nesday, the spot situation and the In creased takings by Manchester spinners be ing the Influences milking for better prices. On Wednesday, the glnners’ report was Issued, the figures l«*lng 8.631,486 as the amount glnued up to November 14. agalnat 6.9O6J06 on NovemlHT 1. 1906, 7.501.180 lu 1906 and 9.786,646 In 1904. The figures were claimed to lie bearish by the bears, nnd liegnn a hammering proc ess. which resulted In declines of 164*36 points from net high points before the report was Issued. After Its Issuance, n sharp rnllv oeeurred, and closing prices were 20#29 points higher than Tuesday's close. This Last I«awt Week. Week. Year .4.006,721 3.887.886 4.536.661 American 3.301.721 3.066.886 3.712,661 In sight for week. 64J.863 671.692 S»7.J22 Since September 1.5,166,725 4,622.162 4.971,©8 Tort receipts. . . . 410.623 416.473 385.045 Tort stock 1.157M 1.045.686 1,373.291 Exports 259.578 357,654 136.866 . n —* — 271.73, 631.748 239.727 354.618 iw.uss u'xi.oo:* 292,018 south, consumption 47.0W 47.000 46,000 Nor. spln'r's tak’a.. 100,840 113.445 05,189 New Orleans, Nov. 24.—Llverpol at 7 up Is disappointing on our market. Hhould have been 11 points lip, but la about as Visible supply , hX|M>ri* Interior receipts 285.434 Interior stocks. . . 558,545 line.tor shipments. 252.911 Total mill tnklugs. 375.028 American mills. . . 309,028 'oiisumptlou 324.663 mm 270.698 473.850 55,869 47.000 cotton rallla lu New Englnud expected to follow the example." Dun’s Review says: “Producers of cot ton goods are unable to make deliveries necordlng to agreement, delays causing sc rloua- complaints from buyers. The pres- Edited by MADkFK Mr. Urcly't twtnfy-flre years* experience of ed iting market* In Atlanta Joseph B. Lively IVIAHIYL 1 3 nud the South has made him a recogulxed au thority Id bta specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Amalgnnmted Cupper Atlantic Coast Line. . Amerlcai Sugar Usf. . AnacondA • - American Locomotiva. do. preferred. . . . Am. tiiutltmg ltef. . . do. preferred. . • . Atchlaon. ....... do. preferred. • • . Amerlmn Cotton Oil. . Am. Car Foundry. . . Baltimore k Ohio. , , rooklyn Rapid T. , . became evident that no concessions In prices could be secured, nnd the manufac turer now controls the situation. Lit tle attention Is paid to the fluctuations In raw material, the governing factor beta, the time at which goods ran lw> delivered.' Today’s map Is excellent In so far a the eastern licit la concerned—clear, dry. seasonable weather prevailing, hut west of the Mississippi river heavy nnd geuernl rains have fallen, especially In Texas, in dications are that much colder weather Is to follow. WORLD’S VISIBLE SUPPLY STATEMENT having failed t< need cotton tl tlgurml* Indicated over-prod tlon, turned to this Item of news, nnd on Thursday were successful lu forcing shnrp declines. The New York Commercial, In Its re view of Thursday's market, says: “The ring said that the revision of grades terday. bears revision lory. nod. In spite of the fact that the market had not expected a greater re vision, the trade was made to feel that something very bearish had incurred, nud the market reflected this Idea. The open ing was at ii decline of 4H9 points, nnd the market closed steady at n decline of 17032 points. "The professionals had the market on- tlrelv under their control froi i the npeulug to the flulsh. There was never n day per haps when less of |be business puhl $!•> ii hundred than yesterday. The bears In sisted that there was to lie a great flpod of |oW grade cotton swamping this mar ket within a short time, and the uinrket did not actively combat thla Idea. "The selling was l»y the floor and Wall street, and the buying waa scattered. The South was filled fall of the Idea that the revision was a scheme of the tienrs. nnd ihe*Southern bulls were frightened out of trading lu thla market. “The revision will cense to be the domi nant factor In a day or two, the disgusted bulls will get over their pouting. and It will tie mare of a cotton market again." tin Friday, the I wars made no aggressive drive at the market and succeeded lu ham meriiig prior down 19028 points from the the day, December selling at 9.97 and January at 10.06. There was .. ....,* ftUu.p rally trnui the low point, ami closing prices were 10019 points. The liear clique Is hnmpercd by the /itrcngtli of spot cotton lu the South. They are ruu to cover easily on nil sharp d<* cllnes, having apparently little confidence In their position. The spot situation Is summed us fol Iowa In The New York Commercial: "A prominent spot man who has Just re turned from the belt, where he went with orders to Imv u great deal of cotton, said Thursday: ‘There is no chance to get any cotton middling or better. The buyer* In Georgia arc paying 68 point* over January for lists of any and every sort of cottou. Every local buyer Is receiving telegrams right along from the big spot offers- even In towns where . . have their own buyers. There Is no chance to get nnythlng except tinges, but at the same time the low-grade cotton In the South la not sandy, nnd It has the Imdy, There Is not much against It except It* color. It Is splnunldc cotton, and the mills will have to spin wlmt they can get. There may be a good deal of It sent New York, but If there I* It will l»o sold liefore the end of the season. There Is not going to be a lot of "dog tall*" to carry over, although at the tame time there has been such a rush to get cot ton glnued, end so much has Itccii ginned wet, that there Is going to l»e a greater per cent of gin-cut cottou than Estimated Monday: compiled by Keeretary I......... .. .. Orleans cotton exchange, shows an Increase for the week Just closed of 236,268, against mi Increase of 266,806 last year, and an Increase of 213.896 year before Inst. The total visible Is 4.036.336. against 3.- 800.068 last week. 4,546,661 hist year ami 3.- 874,0(8 year liefore lust. Of this, the to tal of American cotton Is 3,260,336. against 3.039.068 hist week, 3.722,661 last year and and 3,326,078 year liefore Inst, and of all other kinds. Including Egypt. Brasil, dla, etc.. 776,001, ugnlnst 761,000 last v.«•«-», 824.000‘Inst year and 648.000 year before last. The total world's visible supply of cott ns nliove shows an Increase compared wl Inst week of 236,268. a decrease compared with last year of 610,325, aud an Increase compared with your liefore laat of 162,258. Of the world's visible supply of cotton ns hImivo there Is now artn.it nnd held In Great Britain and continental Europe 1,869,• 000, against 1,989.000 last year and 1,892,- OuO year liefore last; In Egypt. 171,000, against 147,000 Inst year ana 149.000 year liefore Inst; In India 222.999, against 397,- (W0 last year and 187.009 year liefore laat; and in tbe United Htotes 1.684.000, against 2.014,000 last year and 1,646.000 year be fore last. SPINNERS’ TAKINGS AMERICAN COTTON Secretary Hester give* takings of Ameri can cottou by* flaw spinners,of the world as follows: This week, 329.000 this year, agulust 314.- 000 last year, 318.000 year before last. Total since Rent ember 1, thla year. 2,876,- O00, ngnlnst 2.929.000 Inst year, nnd 2,730, here~• (W0 last year nud 710,000 the year liefore; Southern spinners 673.000, ngnlnst 662,000 last year, and,613,000 the year before, and foreign Kplmiera 1.576.000, ngnlnst 1.661,000 last year, and 1.407.000 the year liefore. COTTON MOVEMIENT DURING PAST WEEK Chesapeake k Ohio. . Colorado Fuel k Iroa. Central Leather. . . . do. preferred. * Nashville Mexican Central. • . . Mlaaouri Pacific. . . NAME OF 8T0CK. N. 1.. out. k Western. National Lead Northern Pacific. . . . New York Central. . . Norfolk k Western. - Pennsylvania People** Gas Pressed 8teei Csr. . . „ do. preferred. . • . Pacific Mall Reading. ........ Republic Btecl Bock Island. . . . . . do. preferred. . • . United States lCubbei. do. preferred. . . - Southern Pacific. . . . Southern Railway. . . do. preferred. . . . Blosa-Mheffleld Tedo. Coal k Iroa. . . S exes k Pacific nlon Pacific United States Steel. . do. preferred. Western Union. . Wabash do. preferred. 0.2 13844 139 13S!i 54 64 53?* 54 ■a 38*i imiT The Largest and Most Secure Vaalts in 5 uuaraoteeTrust Co. of 6a. Temple Court, Atlanta, Ga. INVESTMENT BONDS i J aid and Held for Benefit of Investors $425,000. Under State supervision and have deposited with tin- State of Georgia $25,000.00. We sell Ten Year 5 Per Cent Bonds in denominations of $125.00 and $1,000.00 each at par, interest payable on each January and July. Surplus appor tioned to bonds at maturity. I f desired, these bonds can be paid for in monthly installments, non-forfeitable after One Monthly ' installment has been made. S' 1 reautiful Savings Bank Box Furnished Without Charge. Deposit Boxes and Storage Space for Rent at Reasonable Rates. WRITE FOR OUR FREE BOOKLET. 5% iVk ‘Sfc 106# 85*4 TIPS FLASHED From Wall Street. STOCKS OPENED 51# Private Wire to Glbert A- Clay. -Total atock sales today. 488.600 shares. NEW YORK. ttire* In New Nov. Doe. Jan. Fch. Mrh. Closed steady. 10.67 Ml l 10.38110.34-38 10.19 10.19-20 10.31 10.30-32 : 10.38- 10.5110.50 ■ Ml. 10.54-56 10.62 10.60-61 10.64-66 1? iO? B 10.13-15 10.23-25 10.31-33 10.43-44 10.47-49 10.53-54 10.57-59 10.61-62 LIVERPOOL. The following range. 2 p. m.. a yesterday's close. Futures opened easier. Opening _ Range. 2 November 5.86*4 5.86** 5.79*4 Novemtier-December. ...5.74V4 5.74 6.6S Decemlier-January. . ...5.70 5.70 5.6C Jnnuary-Fehrunry. . . .5.69 5.681? 5.61*4 Fehruary-March 5.09 6.69$ 5.62 March-April 5.70 5.70V4 5.624 AnrllMoy 5.31*4 5.72 5.M May-June 5.74 5.734 5.664 * ..6.764 5.76 steady. ..8.76 5.76*4 5.6 New York. Nov. 24.—The Imnk statement today should Ik* n favorable one, with some increase in surplus reserve. The linnks NEW ORLEANS. The following la tbs range to cotton fo tares In New Orleans today: Jnu.. Feb. . Mrh. April s- I wl * Closed steady. 21 1 110.76- 110.68 10.66110.66-67j 10.58-59 10.70 10.69-70110.61-62 f0.76-78fl0.6i-7D 10.80 10.79-80 10.68-73 10.86-88 19.79-81 10.94 10.93-94110.84-85 11.00-01 10.91-93 11.09 11.05-07 10.97-98 QIBERT A CLAY'S DAILY COTTON LETTER. advance of 7 to 8 points recorded liy op tions was not fully responsive to the Im provement that occurred hero yesterday. Hale* of spot cotton, however, wen? only 4.000 bn lea which, while 10 rioiut* higher In quotntlun*. tuny have contributed somewhnt to the lack of aggressiveness thnt the for eign market displayed. The continued de mand for *|>ot* gives a bullish nspect to af fair* which otherwise n waning Interest In illative sources would doubtless dispel, uinrket continues Its constructive policy with regard the leveling of differences be- twoen the rations centers. The protection erratic aud apparently fiiex 1906. New Orleans.. 13,ooo *« 16.000 Galveston 23,000 to 2JLOO.) Houston 15,000 to 17,000 Movement at Atlanta: 1905. 11.692 16,249 1.250 Hume day last year Decrease »•» Shipments todnj.. .. .. .. .. ......... l.lt" Same day last year.. 1.774 Decrease 631 Stock on hand today 13,fC6 Same day last year 11,689 lurr 3.347 ' INTERIOR RECEIPTS. The following table shows receipts at the Houston Augusta Memphis The movement of cotton fur the week nud sen son. ns compiled by Superintendent King, of the New York cotton exchange, Is iin follows: Weekly Movement. Thli Port receipts 413.060 Overluud to mills nnd Cau- it .In 48.113 Southern mill takings (esti va* 29,593 Last Year. 391.182 29.513 Brought Into sight for the week 563,766 622,268 Total Crop Movtmant. Port receipts 3,902.918 3.733.584 Overland to mills and Pan- nda 244,753 193.273 Southern mill takings (esti mated) 615.000 581,090 Stock nt Interior town* In excess of September 1. ”6 449.6J0 4,957,365 8POT COTTON MARKET. Liverpool, spot cotton dull and steady middling uplands 6.0M; sales 4.000; Anicrl can 3.500; speculation nml export 400; re celpta 1.000; Amerli*un 300. Atlanta, steady nt lOty*. New York, firm at 11.20c. New Orleans, firm nt 101516c. Augiistn. steady nt lu ? |c- M cm phis, steady nt 10V*. Galveston, steady nt 10\c. L. J. ANDER80N & CO’S. COTTON LETTER. Shorts here nnd In the South were buyer*, consequent upon less favorable weather predictions nud bullish spot mar ket advices. The movement wn* fair, nnd while some Interests wore disposed to look for an Increase during the next two weeks, others maintained thnt the receipts will de pend largely on tin* weather conditions, rrop estimates continue to circulate freely, nnd they rover a wide range, lienee the eunscrvntlve Interests sre willing to piny for scalping turns of limited proportions, until tome definite hlen can bo formulated relative to the probable extent of this year's production. It Is evident thnt the short interest In the market has liiei'cnsed during he post week, nnd as the bears de pend largely on the weather conditions, the glnners statistics nnd the spot altim tlon. the future seems quite uncertain. With ii substantial bull Interest hi the market nt the same time, the chnncos nre that activity noted recently will continue Indefinitely. CHANGES SMALL IN WHEAT PRICES I Trade in All Speculative Commodities Very Dull Entire Session. ClifniKu. Xov. 21.—Clewing price, for day showed wheat **e lower, corn 4»* ..... onts >jc off to iiuchnnged and provisions 24<&124c lower. Long wheat continued to come out right up to th eelose. Armour's cable sn.vs tluit the wheat harvest operations In Argen tina nre proceeding favorably, thnt the qunllty Is better than Inst yenr, the crop heavy and that the weather Is favorable for harvesting. Primary receipts of wheat 796,000 bush els nnd corn 406.000 bushels, compared with 1.4367.000 nud 699,000 bushels, respectively, n yenr ago. Clearance* fort ho dor were 242.000 bush els of wheat, 97,000 bushels corn nnd 13,000 bushels of oats. Cash grain transactions nt Chicago were 20.000 tiuaitels of wheat, 55.000 bushel* of corn nud 70,009 bushels of oats. The sen- board reported 2 londs each of wheat nnd corn, and 50,000 bushels of oats. CHICAGO GRAIN MARKET. November December January . February COTTON SEED OIL, 39-404 37-37*4 35-364 36-354 Alarm 33-35L May 34V3» Sales 100 December nt 37, 100 March ni : nud 100 May at 33. Closed steady. . grain for today follow: Open. II WI IK AT— Dec.... 73*4 73* May 784 78* July.... 77V CORN- Dec 424 42* May 43$ 43' July.... 44 44' OATS- Dee 334 33' May 34V 34' July.... 32% 32* I'OUK- Jnn... 14.474 14.55 May... 14.75 14.80 I LARD- |Nov... 9.074 In and provision quotations ill* variety nnd quality nt lemons 'inclined to show a downward tendency ns to vulues by reason of sharp falling off lu demand and consumption. Oranges and grape fruit In llfternl sup- vlth change of note In prevailing Ha nn lias, owing to favorable wen the r conditions, active with prices up, nud strong detimud prevailing. New York state grapes In baskets, espe cially (’oncord variety, selling rendlty nt uotntion prices. Cntnwbn grapes less Craulierrle and active egg i*y toma- plant, string b< toes, okra and . sale for Thanksgiving demand. A better feeling lu sweet potatoes, espe cially pumpkin yam, prevails. ^o change of note npplles to Irish potn toes or onions. Cabbage slow sale lit low price*, with quite nu nccumiihitlou fti the market. xtent on account of Its damaged condi tlon. resulting from unfavorable weather conditions. The egg market for several days has remained stationary nt prices quoted. Receipts of dressed poultry, especially turkeys, have been excessive for several days past. The demand for the la»st grades of table and cooking butter continues strong, with good prices. Rutabaga turnips plentiful and cheap. THE LIVERPOOL GRAIN MARKET. Wheat closed unchanged. Corn closed 4©4 lower. WEATHER FORECAST. I si Dl’8 Jan.. 8.60 8.3T 9.074 8.60 8.374 9.074 Showers Saturday Georgia—Fair Saturday; Sunday cloudy. West Florida nnd Alahaiun—Bortly Saturday, showers Sunday ulght. partly loudy West Texas—RnIii In south and rain or snow In north portion Saturday; Sunday probably fair. Arkansas—Cloudy Saturday, probably showers: Sunday fair. Tennessee and Kentficky—Fair Saturday and Sunday. SOUTHERN EXCHANGE Oldest £«-tabllahod Office South. COTTOI- -STOCKS—BONOS—GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. hard winter 734«754‘, No. 3 do 720144- CHICAGO CAR LOTS. Below Is given receipts today aud esti mated receipts for tomorrow: Today. Tomor, Wheat 33 35 Corn 14'* 185 oats 161 30:1 lings 22,00-) L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital $250,000 ncreacNCE, the seal bank RHONE MIT. PRUDENTIAL BLOC - that no Important spend ment will take place until after the meet ing of congress nnd the reading of the president's message. Dow-Jones' summary: United Slates Steel raises wages 10 cents a day for tin- foreign commeree were far eclipsed in Oc tober. Bradstreet's says trade la active, aa n whole, with holiday demand opening earlier than usual, and industry In nearly all lines still pushed to the limit of production. Thirty-nine roads for the second week In Novendier show average gross Increase of Twenty active railroads declln cent. New York Financial Bureau: Copper is still held between 113 nnd 115. Steel limits appear 46 nnd 49. Information still bullish on Union Pa cific, with support toward 387 aod checking 191. Reading Is sold by professionals because the pool refused the stock toward 151, but support nppenrs ns yet toward 147. Atchison Is held between 103 nnd 100 for the time being. We believe these stocks good purchases on fair rec**sslons. St. Paul Is still sold by the floor crowd. Smelting is attacked by professionals, but the range Is still limited to 157 nnd 152 extreme. We would buy Canadian Pacific and New York Central on reactions. Erie nud Southern Railway seem to us liinrklng time In a narrow range of tradiug posit lou. We would buy Louisville nnd Nashville on a scale down In case of any further re cession. There Is some support toward 146. Southern Pacific could, with advantage technically, sustain a further recession. Lost From About One to Over Four Points in the First Hour. GREAT NORTH’N WEAK Decline in Standard Oil in the Outside Market Chief Influence. New York. Nov. 24.—The market show* n further reactionary tendency. The earlr dealings were characterised hr goneril heaviness and price* snggwl modemtrit entire lack of aggrrusfa rhere nn» un enure mew or ncgresi initiative on the part of the bull non, gent, nnd this encouraged bear trader* “-dl for 11 turn. THE COFFEE MARKET. • The following table gives the opening X"::: June July August Hcptcmbor Octolier November December.. .. Closed steady. Opening Range. .. ..5.95-6.05 6.10-6.15 . .. .6.20-6.26 6.25-6.35 .. . .6.40 . ...6.45-6.55 6.53-6.60 6.60-6.70 6.70 6.75-6.80 5.85 ..5.90-5.95 Close. I 0.00-6.10 6.15-6.20 6.25-6.301 6.30-6.40 6.40-6.45 6.50-6.55 6.60-6.65 6,65-6, tl 6.73 6.80 6.80-6.85 5.95- 6.00 5.96- 6.00 CHRONICLE’S WEEKLY WEATHER REPORT main favorable weather has prevailed dur ing the week, but there has Iwen more rain than III recent weeks, with heavy pre- Rome districts In the .Missis- Picking continues to make and reports from some lo- IltK»inl scale. sell for a turn. Pronounced weakness! however, did not develop until late In th* session after the publication of the Inak statement. There was a feeble rally inward ,tlie end of business, but the market dosed —eak. There was unexpected pressure hi tbs stock market from the opening nnd prices in the first hour sustained declines raus ing from about 1 to over 4 points. Tb# waa lu Great Northern |»re- #ellef was expressed in ini- ... rs that the chief market In fluence Is the decline In Stundurd Oil is the outside market. Government lionUs weak. Other ImuIi steady. SEABOARD AIR LINE. Following were the dosing uijotstloni of Seaboard Air Line stocks and bonds: Bid. A iked. Hen board Air Line, common, do, first preferred., do, second preferred.. do, ten-year 5s do, three-year 5s do, 4s , , 23% . 80 . 50 NEW YORK BANK STATEMENT. The weekly Bank Association shows changes: Reserves. Increase, S2.03l.75o. Loans, Increase, $4.07o.50m. Sjieelc*, Increase, $ LI09-90). I.egul*. Increase, $1,793,10o. Deposits, Increase, 83.484.G0*). Circulation, Increase, 8908,20a. MINING STOCKS. Boston, Nov. 24.—Old Dominion 37: < n P* . *r Range 83: Smelting 62*-;: Teemuseh II; Cell Ira I 34; Hhannon 174; Bingham r. TODAY'S PORT RECEIPTS. The following table shows receipts at the Interior towns today, compared with the same day last y%'*r: Orb* etuphls . Loul* I (Tnclunutl I Total ! 22041 Gaivc Mobile .. .. Savannah .. Charleston .. Wilmington . Norfolk .. New York.. . Boston Philadelphia , Jacksonville . 12064 1266 2765 "Tutor Incomplete ,.| GIBERT & CLAY HE ALABAMA ST. New York Block Exchange! New York Cotton Exchange. New York Coffee Kxchsns *- f New Orleans Cotton Exchange. | Chicago Board of Trade. >. Now Orleans Btock Exchsnge. i IJverpool Cotton Ass n. I Galveston Cotton Ex. PRIVATE WIRES TO ALL EXCHANGES. Local and Long Distance Tolophono 5298. C. E. KEPLINGER, Manager. corrcc. provisions MEMBERS; New Orleans Cotton Exchsnge. ATLANTA. GA ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main 8s& ATLANTA. GEORGIA. Central Bank -'Trust Corporation 1 Atlanta, Georgia. OFFICERS ASA G. CANDLER, President. ' WK.. H. PATTERSON, Vice President. JOHN S. OWENS, Vice President. A. P. COLES, Cashier. WM. D. OWENS, Assistant Cashier. Condensed Statement of Con dition as called for by State Treasurer at Close of Business November 12,1906. COMMENCED BUSINESS FEB. 6, 1908. RESOURCES. Loans and Discounts $1,304,820.36 Demand Loans 108,012.75 Stocks and Bonds 89,023.80 Overdrafts 207.62 Furniture and Fixtures 2,880.11 (In Vault $219,345.81 (Due by Banks.. 486,052.81 705,398.62 $2,210,343.26 LIABILITIES. Capital Stock $. 500,000.00 Undivided Profits (Net) 42,689.39 Tw«ntc (Individual.... $1,013,584.91 ue P° slts (Banks 616,243.96 1,629,828.87 Rediscount 37,825.00 $2,210,343.26 C$£h ATLANTA NATIONAL BANK ATLANTA. GA. C. E. CURRIER, President. A. E. THORNTON, Vlce-Pretldent. H. T. INMAN, Vice-President. GEO. R. DONOVAN, Ceihier. JAMES 3. FLOYD, Aee't Caihler. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. V- HUBBARD BROS & CO., Sts Atlanta Offices, 319-221 Century Building. Member* New York Cotton Exchange. NewOrr leans Cotton Exchange, Liverpool Cotton Auo- datlon, 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 4M. Long Distance 39. A.S. Hustnce. Mgr. 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 inoit: you to call and inspect them. Title Guarantee and Trust Co.