Newspaper Page Text
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THE ATLANTA GEORGIAN AND NEWS.
(SATURDAY. NOVEMBER 7, 1907.
TRADING NERVOUS
IN EARLHESSION
Undertone Was Firm and
Offerings of Cotton Were
Scarce.
SCORED AN ADVANCE
Professional Profit-Taking
Caused an Easing Off
* in Prices.
New York. Not 2.—The opening of the
local cotton market thin morning was quite
active and trading wna nervous. The under
tone was firm. Offerings on the call and
afterwards were ecaree. By the end of the
first thirty minutes prices bad eased several
points from the top by profit-takings from
the room longs.
Tho market for futures started off with a
rush Saturday morning, influenced by the
flrminesa displayed by Liverpool, though
prices were about as expected, the doss
being steady net 8 to 11 points lower on
the near months and 7 to 1% points down
on the distant positions.
Spot was firm at 12 points advance to 6.06
for middling. The demand waa fair for the
abort session, spinners taking 6,000 halve.
The New York market opened unchanged
to 7 points higher, and on some bull support
and covering over Sunday further advanced,
^ 10J7 ' j annarjr to
, 10 points above the
._ y. In the last hotn
clng sales caused s slump, practl
cally wiping out tha early advance and
doting tho market steady 4 points lower to
8 points higher than Friday's finals.
Comparative receipts at all U. 8. ports:
Net receipts Saturday 66,420
Same day last year - 6®.864
Inc reuse 5,565
Total receipts since Sey%*mber 1|...1,432,401
Serna time last year 2,6*9,260
Decrease 1,166,869
Estimated receipts Monday ^
New Orleans ~ 18.000 to’lO.OOO 19,633
Galveston 18.000 to 14,000 2&.6OO
Houston 8,000 to 10,000 22,876
8P0T COTTON MARKET.
auUMi quiet; oiiuuuui
(few Orleans, firm; middling 10%.
Tew York, steady; middling Uc.
Javannah, steady; middling 10%.
Augusta, steady; middling 10%.
Mobile, easy; middling loH.
Charleston, quiet: middling 10%.
Wilmington, steady; middling 10%.
Baltimore, nominal; middling 10%.
Boston, steady; middling lie.
Mamphla, quiet; middling 10%.
Philadelphia, steady: middling 11.26.
Honston, steady; middling 10%.
Norfolk, steady: middling 10%.
Galveston, steady; middling 11%.
TODAY’S PORT RECEIPT8.
The following table sbowe recelpte at the
NEWS AND G0SSIP
Of the Fleecy Staple.
Special to The Georgian.
(From Hayward, Vick A Clark.}
New i’ork. Nov. 2.—J. 8. Boebe k Co.:
near and 10 points higher on late months.
Closed steady 8011 pduta higher on near
and 706% points higher on Tate month*.
Spot cotton quiet 12 points higher; middling
upland 6.05; sales 6,000 bales: American
5.400: speculation and export 600; Imports
48,000. Including 43,400 American.
The resistance of market to bear pressure
was well Illustrated yesterday. Since the
Improvement in the financial outlook, the
cotton market heart hard. The low levels
reached recently haa attracted auy amount
of foreign buying, and the movement out of
the country fe a reflection of tbit* demand
from foreign spinners. We favor the hmjj
reflection of this demand
... _^„jnera. We favor the lo
aide on declines, and look for a aubstant
advance In the next thirty days.
Cotton cables lower, but our market hlgh-
r on manipulative tactics In January,
frightening tne aborts In that month.
a the statistical posit)-..
ruuoii vi* *(iday, November 1. as made up
by The New York Financial Chronicle:
Thin Last.
Week. Year.
visible supply ,....8,186,877 3.314.308
American 2,428,877 2.666,808
In sight, week 454,462 626,490
Since September 1 2.787,143 4,4x3.323
Port stocks 663,806 936,607
Port receipt* 337,068 474*71
Exports 878.894 362,741
Interior receipts 234,713 340,769
interior nhlpmisita ........ ,1*2,000 272,848
Interior stocks 415,441 408,198
.« r jol cotton state-
week ending Friday* Novem-
Weck's sales
Of which American
For export
For speculation
1907.
... 48,000
... 42,000
... 1,800
... 1,400
...100,000
Forwarded
Total stocks 642,000
Of which American 468,000
Actual exports 6,000
Week's receipts 79,000
Of which American ,
Stocks afloat
bleb American
....801,000
...349.000
...295.000
93,000
296.000
222.000
3.000
147.000
121.000
497.000
418.000
450.000
392.000
1 dis
quieting. May have a further set back In
cotton.
Think the railroad strike In England a se
rious matter to Industrials and atrlctly
against cotton. Would not be surprised to
see Liverpool weaken some.
HESTER’S MONTHLY
COTTON STATEMENT
New Orleans.
Galveston. . ,
Mobile. . . .
Savannah. . ,
Charleston. . .
Wilmington. .
7,916
15,810
2,266
14,624
2.374
3,274,
16.000
MM
3.612
10,870
INTERIOR RECEIPT8.
Houston. ,
Augusta. ,
Memphis.
10,260
8.689
8,694
2.288
10,733
2.932
6.985
3,920
HAYWARD. VICK & CLARK'S
DAILY COTTON LETTER.
New Orl.mi, Nor. J.-N.w York on
j.tt.rd.j and again till. morning an .ambi
tion which I. rar.lg ercr wen. eaccnt when
* market I. haarlly oversold, ami the arat-
torad ontaldo Internal gala norroua over
tb. action of loading operator.. An oarlr
decline of 10 polnta waa followed by an ail.
ranee which had reached ew» polnta at
the cloaa yeaterday, and a rapid apurt of 10
polnta followed an unchanged opening In
New York thla morning. Liverpool kent
pretty cloaa pace with all movamenta ln
New York and onr market followed thla
morning with an adyanca of 1702fi polnta
a round the opening, t’onalderlng tin-
la no Inapt ring change In aurroondlna .
reartlona muat ho regarded on tha technical
ha.la of a abort acare. yaL the fact remain,
that eomo big people are bnylng. whether
to lay tha foundation for a hull movement
later on or m— *- 1 ** * *
abort educate I
, which muet un-
aettia Indnatrlea and have a bad moral
affect, following, a. It doea. w outekly
upon tho trouble. In thla country. Weather
condition* over Friday were decidedly unfa
vorable. Indtcatloua point to clenrlng and
colder In tha north and weat, probably with
front temperature,. There la not much
■- — - .pot attnatton. Batter .»•
. p!t>nt banking 1
hard to gat and I
nut coma froi
Mow. After tL. «... —
weakened continually, nnd ahowed clearly a
lack of confidence In the reaction. Nearly
all the gain waa loat before the cloae. A
had bang atatement laaual by New York
after tb, cloae of th, atock market rauaed
additional eelllnt In the laat houre and dle-
truet In tha attuatlou. Bpot hnyera aay
their agenta In th. Interior report Mai,
water, and rather more active d.alre to
Mil at roneeaalona.
Now ‘
Tb# EUjciiru nuinmu siimr. iu B ctuc,
wet weather in tbs belt and the final elim
ination of the short Interest, all conspired to
Isavs the bulls In cotton without much sup
port, and, although the market did not de
cline much after the early rail/, “ u
*****— —ini
The total for October wns 1.848,106. against
2.340.943 last yesr. 1.992.517 rear before last
and 2.399.328 same time In 1904.
The movement from September 1 to No
vember 1, Inclusive, shows recelpte nt all
Fulled States port* 1,866,972. against 2,629.-
396 last year. 2.422,409 year before last and
2,826,076 same time !u 1904; overland across
the Mississippi, Ohio and Potomac rivers Ur
Northern mills and Canada 64,621, against
92.251 Inst year, 86.979 year before last and
114,079 same time In 1904; Southern mill tak
ings. exclusive of quantity consumed nt
Southern outport*. 410,000, against 471,000
Inst year, 465,000 year before Inst nnd 423,000
same time lu 1904; nnd Interior stocks In
excess of those held at the commencement
of the season 288,141, against 242.544 last
year, 332,623 year before Inst and 399,609
same time In 1904.
These make the total movement of the
cotton crop brought Into sight during the
two months ending close of October 2,689,-
634. against 8.335.471 last year, 3,307.618 year
before Inst, and 3.761.664 same time In 1904.
Northern spinners took during October
169.363 bales, against 216.852 Inst year nnd
288.751 year before Inst, tucrenslng their to
tal for tho two months to 237,821, against
307.848 last year nnd 408,377 the year before.
This makes tlielr average weekly takings
for the season 27,237, against 36,924 last year,
and 46,863 the year before.
Foreign exports for the_ two months of
Edited by
Joseph B. Lively.
MARKETS
Mr. Llvely'e twenty-five
years* experience of ed
iting markets In Atlanta
and the South has mad#
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAMES OF STOCK.
Amah Copper
Am. Ice Securities. . .
Am. Lecomtive. . . .
do. preferred. . . •
Am. Car Foundry. . .
American Cotton OIL.
Anaconda. ......
Atchison
aAM: :::
Brooklyn Rapid T. . .
Baltimore X Ohio,
Consolidated Gas. ,
-orn Produce
Colorado Southern. ..
Delaware * Hudson. .
Denver A Rio Grande.
Distillers' Securities..
Brie
do. preferred. . . .
General Electric. . . .
Great Western
Ore«t Northern pfd. .
Illinois Central
Interboro
_ do. preferred. . • .
Kansas A Texas. • • .
74%
24%
24%
m
Total stock aalea today, 19<Ub6 shares.
NAME OF STOCK.
Kausas X Texas pfd. .
Louisville ft Nashville.
Missouri Paclfis* . . •
Mexican Central. . . .
New York Central. . .
Northwestern
National Lead
Norfolk 5c Western. . .
Northern Pacific. . . .
Ontario A Western. . .
Pennsylvania
Pacific Mall
People’s Gas Co. . • .
Pressed dteel Car. . .
Reading. . A
Rock Island
do. preferred. . . . .
Republic Iron & Stool. .
do. preferred. . . . .
Southern Pacific. . . . ,
Southern Railway. . . ,
do. preferred. . . .
St Paul.
Tenu. Coal A Iron. . .
Texas Pacific
Union Pacific
U. 8. Robber.
do. preferred. • • . ,
U. b\ Steel
do. preferred. • • . .
Western Uotoo
Wabash. . . ...... ,
do. preferred
Wisconsin Central. .. ,
do. preferred. . .
ai
..71
£0
St7
“55?i
94%
53
TIPS FLASHED
From Wall Street.
NE^ YORK.
Following Is the range In cotton futnres In
New York today:
5Tov—r
Dec.. .
Jan.. .
Feb.. .
March.
April. .
May. .
June. .
Jul
,10.72
. 10.30
.10.80
iy. . . .1
Closed steady. ^
10.33-351
10.6M
10.31 18
10.30- 32
10.30- 31
10.31- 32
10.32- 33
KL82-34
10.82 34
10.36-3?
10.67
10.30
10.29- 30
10.29- 80
10.28- 30
10.29- 80
10.29- 3I
10.31-82
LIVERPOOL.
Following Is tbe opening range, 2 p. m.
and close, compared with yesterday:
Futures opened firm.
Opening Previous
Range. Close. Close.
November 6.77
Nov.-Dec 6.70 -6.68>
Dec.-Jsp 5.6* -5.67>
Jan.-Feb 6.67 -6.66
Feb.-March 6.67 -5.69
March-April 6.67 -5.65% 6.66
Aprii-Miy 6.67 -5.69 5.66
May-June 6.68 -6.66 6.66<
June-July 6.67%4.66% 5.66*
July-August. 6.68 -8.63 5.62>
6.66%
6.68
5.61
5.59%
5.67V
6.67V
6.57V
6.55V
Closed steady.
NEW ORLEANS.
Following Is tbe rang* In cotton futnres In
New Orleans today:
I
A
1
a
J
311 .1 el
JM | 0
Nov.. . . .
Dec
.Tan
Feb
March. . .
io!s9
10.38
10*42
io.44
10.43
ia«
iaii
10.20
io!i9
.....110.37 110.28
10.30 10.29-30 10.23-24
10.25 10.25 10.19-20
.....10.24-26 10.21-23
10.23 10.23 |10.22-23
May. . . .
June. . . .
July. . . .
10.52
ib!w
10.65
10*60
10.29
1M7
10.29(10.30 10.30-31
110.31-33(10.33-35
10.47 10.30-38! 10.36-37
Closed steady.
ATLANTA MARKETS.
. FRUIT AND PRODUCE.
EGON—Active. 26c.
LIVE POULTRY—Hens active. 40ff4Be:
chickens, fries, 27%ff40c. Ducks, Pekin, 36c
each; puddle, 80c eacb. Turkeys active, 16e
'•Mi*.
active, 20c pound; frlee active,
bens. 16c pound; ducks, drawn, fancy, 16c
pound.
PRODUCE—Lard, 12c pound: bams active,
16c pound: shoulders active. lOOUc pound;
sides active, 11c pound; butter, 18$?24c per
pound; beeswax active. 25c pound; bone;
(bright) active. 16c pound.
FRUITS AND NUTS-Cltron, 20c pound*
almonds, 16%c pound; Braxll, 14c pound;
Filberts. 13%c pound; English walnuts, 15c
lb. Pecans, 14c bound. Lemon peel. 17%c lb.
Orange peel. 17%o lb. lemons, fancy Mes-
senn, |3.75^4.00: bananas. 3%c lb.; pineap
ple*. Florida stock, |4.00®4.60; limes. Florida
stock. 75c hundred. Peanuts In sacks aver
aging 100 pounds, each, owing to grade,
#H{<W8c per pound. Florida oranges, $5.00;
Figs. 11.25 box. Pates, .....
L. Raisins, 12.00 box. Grapes, _
pound bucket, 20c; Neugnrus. 22%c*. Dels
ware, 25c. Malaga per keg. 86.00fgfi.00.
pies. Virgin Is
WHEAT AT OPENING
A
Immediately Lost Gain and
Tended Downward Re
mainder of Session.
8T. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter 9fi 097%
Corn-No. 2 56%
Oate-No. 2 44
Ap-
ware, 25c. Malaga per keg. -
Tes. Virginia. 85700; New York, 88.5006.00.
VEGETABLE!*—Potatoes per bushel 81.10,
___ , It would
have taken very little selling to have caused
a break. The Chronicle's report for the
week on weather conditions wns favorable.
Picking progressing rapidly and the move
ment of cotton to market hns been more
HbereL although much behind ln«t year,
owing to the holding policy of farmer* nnd
planters. The price of cotton !• low when
viewed from all polnta.
SPINNERS’ TAKINGS
AMERICAN COTTON
Secretary Hester give* tbe takings of the
eptnnerp of the world aa follows. In round
° This *week 806.000 this year, against 367,000
last year. 321,000 year before laat.
ToU\ since September 1 this year 1.716,000.
against L825.W0 last year, and 1,948,0$) tbe
year before.
Of this Northern spinners and Canada
took 261,000 bale* this year, against 334,000
last year and 401.000 the year before; South
ern apt nears 487.000, against 484,000 last year
and 479,000 the year before g and foreign spin
ners 9&.000, against 1.007,00 last year and
L0SS.3CC year Ufore.
Stocks at the seaboard nnd the twenty
nine lending Southern Interior markets or
October 31 were I./.12.9:|, against 1,367.268
the name date lent year, and 1,445,932 the
year before.
Including port nnd Interior town a
left over from the previous senxnn and the
number of hales of the current crop brought
Into sight during tho two months, the sup
ply hns been 3.037.640, against 3.633,241 Inst
yesr und 3.758,041 tbe year before.
Up to the dose of October, last year,
24 69-100 per cent of the cotton crop had been
msrkcted. nnd for the antno two mouths in
1906 tbe percentage of the cron brought Into
sight was 29 15-1(10, and for the snnio time
la 1904, the, percentage was 27 73-100.
WORLD’S VISIBLE
SUPPLY STATEMENT
statement
..slble supply of cotton for the
week ending November 1, made up from
special cable and telegraphic advices, corn
pares the figures of this we
, and 3,324,822
year liefore Inst, nnd of nil other kinds, In
cluding Kgypo, Brazil, India, etc., 766,876,
against 780,8*6 last week, 768,000 laet year
and 725.000 year before Inst.
n* vii*-1,, , biiww ■ ***» ••
Inst week of 149.600.
pared with
...... t before Inst of 687,64L
Of the world's visible supply of cotton, as
above, there Is now afloat and held In Great
Britain nnd continental Europe 1,669,000,
decrease com-
tast year and 99.000 year before Inst; In
India 312.000, against 344,000 last year uud
863,000 year liefore last; and In the United
Btstes 1,023,000, against 1,322.000 last year
and 1,513,000 year before last.
Following Is the statement of the move
ment of cotton Into sight for the week and
sine# September 1, as compiled by Super
Intendent King, of the New York cotton
exchange:
Weakly Movement.
This
Year.
Port receipts ,.840,646
Overland to mills and Can
ada 11.686
Southern mill takings (estl-
matod) 46,000
Gain of stock at Interior
towns 52,831
Brought Into sight 461,162
Total Crop Movamont.
This
Year.
Laat
Year.
480,794
84,111
57,000
81,320
633426
Overland to mills and Cao-
ada 63,073
Southern mill taking* (esti
mated). 388,000
Brought iuU> »!gut
1,906,998 3,650486
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BOND8, COFFEE, GRAIN AND PROVISION*
Carondelet and Gravler Sts* Now Orleans.
MEMBERS:
Few Orleans Cotton Exchange, New Orleans Future Brokers* Association.
New York Cotton Exchange, New Orleans and Chicago Boards of Trader
Whstoo Cotton Exchange, Now York Coffee Exchange.
Houston Cotton Exchange. Associate Member* Liverpool Cotton Aaa'n
New York and Chicago Correspondents:
S. BACHE & CO., AND BARTLETT, FRAZIER dl CARRINGTON,
Pfi4VAT* WIRES TO ALL POINTS,
BW'ect potatoes, 60(R90c. Onions. 81.25 bush.;
Spanish, 81.50 crate; krnut % barrel. 83 76;
Danish. IV. Celery, 60<ff90e a hunch; ner
crate, 6 to 6% dozen, 84.75. Cauliflower, 10<®
12%e pound. Lettuce, 82.2502.60 per crate.
Turnips, l%c pound
Chicago, Nov. 2.—Wheat opened % higher
this morning, but Immediately lost the gain.
(Tables closed % to %d higher. Not much
rnln wns recorded In the northwest. Indtnn
shipments were estimated at 880,000 bushels,
while Australians were moderate at 200,00.
Wheat closed lower for the day.
Corn wns off %«%<•; oats %fflc lower and
provisions were 7%<|^22c lower.
cane svrttp. 37c gallon; salt, 100 pounds, 60c;
axle grease, 81.76; aoda crackera, •%<? pound;
lemon, 8c; oyster, 7c; barrel candy, per
pound. t%c; mixed, per 8 i*ounds, fi%c; torn*
toes. 2 pounds. 8100 case; 8 pounds, 82.26}
navy beans, 82.90; Lima beans, 7c; beat
matchee per groe*. 8L65; macaroni. 4%G7c
pound; sardines, mustard. 83.60 case.
SUGAR Standard granulated 8.80; New
York refined. 4.90; plantation, le,
COFFEE—Roneted, Arbuckles, 816.00; bulk
lo bags and barrels. 13e; green. 11013c. .
Shredded biscuit. 88.00 case: No. 3. rolled
osts, 83.25 esse; sack grlre, 96-pound bags,
oysters, full weight. 82.25 case; pepper.
8o pound: baking powder, 85 case; red
salmon, 85 case; nfnk salmon. 84.60 case:
cocoa. 45c; chocolate. 43V; snuff, Mb Jars,
48c; roast lK-ef. 82.10 case: sirup (New Or
leans). 35c gallon: corn, 30c gallon; potnsl
83.25fi3.80 case; pennnts. 8c; rope, 4-ply cot
ton. 22%c: soap. $1.6004 case.
CANDY—Stick, assorted 6%c pound; etlc|*
assorted. <%c pound: fancy assorted, palle,
8%c: chocolate drona. palls, 12%c; Elk, av-
sorted, ten boxes 85.60.
FLOUR AND GRAIN.
FLOUR—Highest patent, 88.60: best pat
ent, 86.76; standard patent. 85.60: half pat
ent. 85.28; spring wheat patent. 86.25.
CORN—No. 2 white. 83c; choice white, 84c.
Mixed, 83c. Crocked corn, 96-pound sack,
R *CHTCKRN FRED-FIfty-pound sacks. It;
Purina chick feed. 81.96.
OATS—No. 3 white, 63c; No. 3 mixed. 63c;
Golden oats. 65c; white clipped. fi7c.
MRATi—Plain. 96-p«»und sacks, 85c; 48-
pound sacks, 85c; plain, 24-iMtnnd sacks, 85c;
*7lAY-Timothy, choice large bales, 81.30;
do., choice small bales, $1.36; No. l, one*
** * bales. 81.20: No. 2, one-third bales,
Bermuda. 90c
SHORTS’—Choice white, 11.76; fancy, $1.75;
CHICAGO GRAIN MARKET.
Following are the Chicago grain and pro
visions quotations for today, compared with
yesterday’s close:
t’revlons
Open. High. Low. Close. Close.
WHEAT
Dec 96%
May.... 104%
July 98%
LOltN
Dec....
May
July
59%
60%
60%
96%
104%
98%
94%
FORK—
Jnn... 14.40 14.45
May... 11.77% 14.80
V.ARD— ,
Nov
Jan... 8.45 8.43
May... S.6> 8.60
It IBS—
Jan... 7.65 7.67%
May... 7.90 7.90
102*
58%
59%
59%
48%
5&
94%
102%
96%
WEATHER REPORT.
WEATHER CONDITION*.
A storm of considerable energy Is now
centra! over the Great Lakes, while Its
trough reaches south Into central Georgia.
As n result of this storm area rains have
been general throughout the south aud over
the country generally east fronii the Missis
sippi. Rain was falling this mofrilng in the
Inke region, the Ohio valley, portions of
Tennessee, the Carolina*. Georgia and on
the middle gulf const. Clear weather pre
vails over the western half of the map ex
cept In Texas. The area of high pressure
over the eastern half of the map hns about
disappeared, while the one In the north
west hns moved east, decreasing In energy,
nnd now covers n narrow strip of country
from North Dakota to northern Texas. The
advance of this high area hns caused colder
weather from the Rockies to the Missis-
slppi.
The eastward drift of the lake storm, fol
lowed by the northwestern high nrea. will
cause fair weather In this section tonight
and Sunday. Colder tonight, with n mini
mum temperature about 46 degrees Sunday
morning.
Minimum and Maximum Temperatures
and Rainfall.
o.o * . podge
£$ S3 ELfi
ATLANTA. . .
Abilene. . . .
Amarillo
Asheville. . . .
Augusta. . . .
Birmingham. . ,
Bismarck. . . .
Boston
Charleston. . . .
Charlotte. . . ,
Chicago. . . .
Cincinnati. . . ,
Corpus Christ!.
City. . .
Fort Smith. .
Galveston. . .
Huron. . . .
Jacksonville.
Jupiter.
49%
52%
48% . .
.. .r Key West. „
14.45 j Knoxville. .
Fga-V* Lander. ...
Macon
Marquette
Memphis
Meridian
Mobile
Montgomery. . . .
8.62V
m
LIVERPOOL GRAIN.
CHICAGO CAR LOTS.
Today. (Tomorrow.
THE LIVE STOCK MARKET.
Chicago, Nor, 2.—Hogs—Re<*elpta
Mnt&et strong and a shade higher;
nixed 85.6006.30; *
lEAlZ-Prim# Sv’ffi 85.7tHS6.25: mixed I5.60ii6.30; heavy 85.40©
W OO; h”f, Sr <oo. JSjfiSF » I""* HWWS.70; yorker.
Kij.no: No. 2 t»r ton,
,,iM PROVISIONS.
PROVIRIONB—Supreme hams. 16c:
lies. 20G25 pounds ayerage. 10%; fnt backs.
8.70. Supreme lard, 10%. Purity compound,
|U. California hams, 10c. Ex-rlhs, 9%.
SAGGING AND TIE8. t
BAGGING—1% }b., 10%c; 2 Ih., 1114c; 2%
17% c : re-roljed (second hind). 7%c.
TIE8—New 11.18% bunch, second-hand
81.06.
FI3H,
FISH—Bream. 7c pound; enanper, 10c
pound; trout, 9<81te pound; blue fish. 8419c
pound; pompano. 22%e pound; mackerel, 12%
pound; mixed fleh, 6G7c pound; fresh watet
trout, 10c pound; mullet per barrel, $3.1^
10.00.
MODERN MILLER CROP SUMMARY
St. Louie. Nov. 2.—Recent rain* have a
favorable effect on ground winter wheat.
Where laek of moisture wee sabl to be Im
pairing tbe conditions of the com Improre-
ment is reported. Farmers and country
shippers refuse to accept the low prices
made for wheat In tbe markets, and pros
pects are for a light movement from tbe
Interior.
Edward F. Buchanan.
Lawla G. Young.
A. 0. BROWN & CO.,
BANKERS and BROKERS.
30 Broad 8traet, New York.
Membera New' York Stock Exchange
New* York Cotton Exchange, Chicago
Hoard of Trade, Cleveland Stock Ex
change.
35 Branch Offices, Including
Waldorf-Aatorla Hotel. New Plaza Ho
tel. 11 West 35th St., Flatiron Bldg.,
Marie Antlonette Hotel. 2 East 44th 8L,
NEW YORK.
Atlantic City, N. J.. Chicago, Cincinna
ti. Detroit. Toronto. Can.. Buffalo,
Cleveland, Washington, D. C.
Every' facility for prompt execution
10416.
Cattle—Receipts 500. Market unchanged;
beeves |3.6*>^7; cows 81.20fif6.9O: Texas steers
83.40fif4.26: western cattle 83R3.50; Stockers
and feeders $2.4094.60.
Sheep—Receipts 2,000. Market unchanged;
natives 82.50ii6.25; western 82.5tHg5.20; year
lings 85fif5.?o; lambs 84.85fiffi.85; western
lambs 84.2ui?0.26.
COTTON SEED OIL MARKET.
New York cotton seed
Nashville.
New Orleans. .
New York. . . .
North (Matte. . ,
I'alestlne. . . .
Fort land. Mo. .
Portland, Ore. .
Sf. Louis. . . .
8t. Paul. . . . .
Havnnnnb. . . .
Spokane
Tampa
Taylor
Vicksburg. . . .
Wilmington. . .
Special to Tbe Georgian.
(From Hayward, Vick & Clark.)
New York. Nov. 2.-J. S. Baehe & Co.:
Americans In London strong. Pennsylvania
up 2%. Union Pacific 1%. 8t. Paul 1%. Cana
dian Pacific 1%, Northern Pacific 1%. New
York Central 1%. Heading If the exception,
being % lower.
Reading statement for September Is a
good one. The road seems to thrive where
others falter.
There Is a slow but sure linpCoveniCnt In
confidence, and bankers are discouraging
any unnecessary speculation nt this time.
The bank statement will he published as
usual, hut Is not expected to have any
effect mnrketwlge. A dull but steady mar
ket looked for over election day. '
The liquidation" continues at a Surprising
rate. Buying power seems as weak aa ever.
Town Topics: The declaration of the reg
ular dividend by the Pennsylvania railroad
as a favorable Influence was more than
counterbalanced by the official statement
flint the road would be compelled to re
trench to au exteut even greater thnn hith
erto suggested. This Is ample wnrnlng
against the purchase of stocks of those rail
roads which It Is reasonable to believe will
find It necessary to retrench also in the
matter of dlvideiid payments. Unsatisfac
tory as tbe general business situation Is. It
Is entirely overshadowed by money mnrket
-auditions, which of course are also In 11
arge measure responsible for the reaction
which the mercantile and Industrial Inter
ests of the country are suffering. The gold
that Is now being engaged would luvolve
tun I loss, as sterling rates ore so high-.
?re It not for the fact that nctunl money
Is bringing n considerable premium, cer
tainly not n very gratifying sltuntiou. Iu-
deed monetary conditions are becoming very
grave in the Interior, especially In. “
smaller towns where the banks do not 1
recourse to the system o clearing house
tlflcatcs. Naturally, there wll be a constant
dribble of llmildatlon pouring upon the
market from nil quarters, and, In our opin
ion, this Is bound to bring much lower
prices.
The bank statement outlook Is so mixed
ss to make guesses concerning It of small
value, but the best opinion seems to l>e
that there will be considerable fulling off
In cash holdings ns well as an Increase In
the reserve deficit.
We look for a lower mnrket today, nnd
would not be surprised If next week would
not bring about another sharp break In
nnces, especially among such stocks as
Pennsylvania, New York Central and 8t.
Paul.
Gn the strong snots we would sell cotton
nnd would buy wheat ouly for turns when
quite weak.
The London early mnrket for Americans
Is quiet but quite strong.
MONEY AND EXCHANGE.
New York. Nov. 2.—Money on call 3%<ff
4 per cent: time loans none.
.JEjptal Sterling exchange*84.86®
4.8o50 with actual business In bankers' bills
at 84.8675^4.87 for demand nnd 84.80<7K$060
for sixty-day hills.
Prime mercantile paper unchanged 5%@
I/oadnn bar silver 27%d. New York boi*
silver 69%c.
Mexican dollars 47%c.
MINING STOCKS.
New York Refused To Pol-
low the Lead of Foreign
Market.
PROFESSIONALS SOLD
Bank Statement Made Very
Bad Exhibit—Trade
Was Dull.
. Boston. Nor. 2.—Utah Mining 33%. North
Butte 42. Butte Coalition 15%. Daly West
10%. Greene-Cananen 6%, Copper Range 53,
Fruit 103%. Trinity 11%. Mnrket Irregular.
J. J. BARNES-FAIN CO/S
FRUIT AND PRODUCE LETTER.
Atlanta, Nov. L—Trade hns been dull this
week, as Is usual the Inst week In the
month. Fruits of all varieties have been
plentiful the present week with the excep
tion of bananas nnd grapes, which have
been scarce, not being enough to supply the
demand. Grapes have ndvauced ns per quo
tations of today.
Ben Davis, Baldwin and York Imperlo!
apples are the lending sellers, ns Virginia
stock Is getting scarce and poor. These
•arletles are ranging at 15.50 per barrel.
There Is no change to sneak of In variety
r price of .vegetables this week, although
Florida Is shipping quite a few beans,
squnshes. egg plantr —
they age meeting wf‘
prices.
but
very slow sale at low
_ price
1 quoted In cleaning up the stock on hand.
AB live poultry has declined In price this
week, ns the demand hns almost entirely
fallen off. Dressed stock Is active nt prices
qnoted.
We look for a good business next week In
nil commodities. We would advise light
shipments of live poultry of all kinds, nnd
liberal shipments of eggs * * ‘ *
try. as we consider the
both of these commodities.
New York. Nov. 2.—The stock market
penliig was quiet, very luactlve him! with
out change of cousequenee. A few stocks
were somewhat heiiv;# but a Y.-n/il tren<l
was larking. All btielticss was m the direr-
yl reducing the already fufiull open
it did not fully reflect the London ndva
equal lo 2 points. This advance 011 the In
vestment buying of 11 few hundred share*
Is stal’d ling, considering that ten years ago
a majority of the stock was held back
Toward noon there was some selling . f
Canadian Pacific. Pennsylvania nnd United
Suites Steel. The latter made the London
advance In that stock look ns If It wns
Manipulated from this side. In spite of the
very unusual delay In the publication of
the bank statement, prices milled moderate
ly and closed steadily.
New York, Nov. 2.—The stock mnrket
opened quieter with irregular chnnges. Can
adian Pacific started a (mint lower, Colo
rado Fuel % and Steel preferred % lower.
Pennsylvania opened % higher and gained
In all %. New York Central opened %
IJli*“ " “ *** “•
Kugar and Atchison opened
d
Pa-
. _ % higher.
Kansas nnd Texan. Southern Pacific, Gen
eral Electric and Reading and Great North
ern preferred unchanged.
Closing bids follow:
Railway Stocks.
Atchison
Baltimore nnd Ohio so' 4
Louisville and Nashville 93L.
Mexican Central 14%
Missouri Pacific ] ,5.’
New York Central st.v.
Pennsylvania i*s%
Reading 74%
Rock island is«.
8t.* Paul 100%
Southern Pacific
Union Pacific 10:*
Wabash
Great Northern .. ui%
Miscellaneous.
Amalgamated Copper 4*%
American Cor and Foundry 2.7%
American Locomotive 37
American Smelting nnd Refining 67%
Brooklyn Rapid Transit Srt*,
People’s Gas 73
United States Steel preferred 8.1%
United States Steel 23%
NEW YORK BANK STATEMENT.
New York. Nor. 2.—The bank statement
shows a deficit by tbs banks of 838,8.‘i8.s::,.
against a surplus last year of 83,049.775. ami
two yearn ago of 32,354,275. Itauk statement
follows:
(Reserve on this present form does not
coll for -Uulted States deposits.)
Reserve 00 all deposits, decrease 837,606,525.
Loans, Increase <60,741.100.
Specie, decrease <20,512,100.
Legal tender, decrease 810.0S9.700,
Atlanta Oil Markets.
Tbs following quotations are baaed on ac
tual transactions: Price crude oil, f. o.
b. mills, November 17; December 27%; Janu
ary 29.
NAVAL STORES.
8peclal to The Georgian.
Savannah. Gn.. Nor. 2.—Turpentine firm
at 48c; aalea, 420: receipts, 946.
Rosin firm; sales, 8.166; receipts 2.616;
window glass. 8110; water-white, <5.90; M.
15.60: N. 8.15; K. HMf.80: I. 84.20; II. 84.00
r 06; G, $3.90*j3J6; F E, $3.85©3.90; DOB
8180.
THE SUGAR MARKET.
WEATHER FORECAST.
Washington, Nor. 2.—Weather conditions
and general forecast:
Tho Western disturbance hns moved to
Lako Huron with a decided Increase In
strength. It has caused general nnd mostly
heavy rains over all of the territory east
of the Mississippi, except Florida and New
Lngland. together with a marked rise in
the temperature.
A second disturbance over the eastern and
northern plateau Is attended by heavy rain
and high winds and has caused heavy gale*
7» the Washington const Friday afternoon.
The lake region storm will pass down the
t. lAwrence volley within tbe nexf 24
hours and cause stormy weather along the
middle Atlantic and New *•'—•—
There will he general 1
possibly Sunday morning.
In the south Atlantic states there will be
rain tonight and Sunday. Temperatures
will fall slowly.
Storm warnings have been placed at tbe
Great Lakes except nt Duluth and along
the Atlantic coast front Delaware to New
York.
Forecast till 3 a. nj. Sunday:
and colder In the western portion; fresh
. southerly.
, wind*.
slightly colder tonight;
Sunday, fair: fresh westerly winds.
Eastern Florida—Rain tonight aud proba
bly Kunday: light to fresh southerly winds.
western HorIda, Alabama ami Mlsslslppi
—Fair and slightly colder tonight: Sunday
fair; fresh northwesterly to westerly winds.}
The following figure give tha opening
rango and cIom In tba New York coffas
market for today:
Opening
. . Kangs. Close.
January ..5704.76 5.70-6.75
February .. 5.90 5.75-5.80
March 5.80-5.90 6.164.90
April 5.904.96
May 6.904.00 5.964.00
CREDIT MEN LEND HELPING
HAND TO MERCHANTS.
New York Commercial: It Is stated by
credit men In the district that the unprece
dented financial conditions of the past fort
get the accommodation lu financial
circles which their bank balances should
•ntltle them to. This helping hand which
tho commlNNlon merchants, mercantile bank
ers nnd Jobbers have given their trade liaa
prevented. It is said, several serious fall
The volume of business
the individual condition of milts so that
Is hard to say where ji
agent will declare emphnfl
get 4%c for-28-Inch 64xC'«*, while another
state* that he can not find a buyer nt 4%e.
on 30-Inch 68x72s prices vary from 7%c to
7%c, nnd sale* are restricted. Heavy cot
tons are not breaking for spot or nenr-nv
delivery, ns all good* under order are need
ed by the purchasers. On extended contract,
however, buyers are holding back, expecting
lower prices. Among wholesale clothiers It
U stated that tbe business being booked for
spring on their men's and Itoys lines Is up
to their expectations. The low grade suits
nnd overcoats are being taken more liber
ally, a* retailers want to be prepared
Print Cloths Sell Stronger.
In some quarters of the market print
cloths were reported yesterday as selling
more freely than previously thin week.
Home of tho low eouut narrow fabrics muds
In Southern milts hare been put back 011
a level with Eustern goods. The call for
regulars continues to come in from printers.
Wide goods showed some activity yesterday
on a basis of 6%c for standards.
toward the close _ _
steady nud advanced. Even ou this' basis
exporters could not do any business.”.
Provision brokers of the early trading
commission bouses have sold 2,000 or 3,00(7
May pork and scalpers have taken It. Other
wise trade Is slow but firm, prices being
bid for the rest of the list, ns pit traders
are bullish In sympathy with grains.
Deposits, Increase $28,014,960.
Circulation, Increase $344,400,
Total loans $1,148,462,600.
Specie $5,173,918,900.
Leal tenders $48,140,000.
Deposits $1,061,786,900.
Circulation $51,742,700.
^Percentage of reserve -21.80, Against 20 In
tarings today $328,875,727, balances today
$ll.o30,96S.
Clearings for the week $1,669,364,873, bal
ances for tbe week 376*406,931.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Boston, Nov. 2.—Following was the bid
LONDON 8TOCK MARKET.
Atchison
do, preferred
Baltimore nnd Ohio .. ..
Chesapeake nnd Ohio .. ..
Chicago and Great Western
Canadian Pacific
Denver and Rio Grande.. .
do, preferred
Erie
do, first preferred
do, second preferred .. ..
do,
Loolivl...
Norfolk and Western ..
Northern Pacific
New York Central ..
New Y’ork, Ontario aud Western..
Pennsylvania
Philadelphia and Reading
rst preferred.. .
second preferred
Southern Pacific
. Paul
Union Pacific .. ..
United States Steel
do, preferred.. ..
...;. 1 : *
spu
12% l- ?
66% ■ ■ %
102 jbtf
110% IW
|0'
UNION
SAVINGS BANK
Could Building
CAPITAL STOCK . . . SIOO.OOO.OO
RESOURCES 1—ri
S2SO.OOO.OQ 4 ,0
4%
Atlanta National Bank
ATLANTA, GA.
C. E. CURRIER, Prc.ldent. H. T. INMAN, Vlce-Pre.ldent
GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Ac.l.t.nt Cashier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
■‘X orders on all exchanges.
was steady. The London
ket was steady with October unchanged lh*cember ..
and November %d higher at 9s 4%d.
5»4J»
5.964.06
6.004.10
6.66415
6.104.15
5.554. SO
6.65-6.70
Sales 9.600 bags.
6.96400
6.004.05
6.064.10
6.104.15
6.154.2*)
5.6)4.65
6.704.75
THE AUDIT COMPANY OF NEW YORK
The Oldest and Foremost Corporation Engaged in Accounting
1310 Candler Building.
HARRY M. RICE Southern Manage!