Newspaper Page Text
1'HE ATLANTA GEORGIAN AND NEWS.
MONDAY, NOVKUVBB «, 1907.
9
COTTON WAS WEAK
AT THE
Initial Prices Showed De
dines of From 15
to 25 Points.
EARLY CABLES WEAK
Turned Sharply Upward
Later on Good Buying
and Covering.
00GO000000000000O000000000
a HABERSHAM KING’S COTTON O
O CROP ESTIMATE FOR 1907-08 0
0 0
O Mr. Habersham King Issued his O
O annual cotton crop estimate Mon- 0
o day. He places the Anal yield at 0
0 11 650,000 bales maximum.
O The estimate by states follow
O Alabama... ...
O Georgia
0 South Carolina
O Texas
O Louisiana .....
0 Arkansas
0 North Carolina
0 Ind. Ter. and Oklahoma
O Tennessee „ • •
O Mississippi
O
0 Total..
0
0
..1,200,000 0
1.750.000 0
1,000,000 0
8.200.000 0
800,000 0
650,000 0
650,000 0
650.000 *
250.000
1,200,000 0
0
11,650,000 0
_ 0
00000000000000000000000000
},>w York. Not. 4.—Cotton opened weak
14 to 17 points lower. Influenced by a break
at Liverpool, less favorable news regarding
the fln.rlal situation, the market here start
ed active and weak. There was heavy sell
ing by commlslson bouses. The cotton In
most cases went to operators taking proflts
on short sales made at the end of last week.
There was a decidedly better feeling
In the market for future delivery Mon
day, after a weak and lower Opening
due to cables much below expectations.
Outside of a crop estimate by Haber
sham King, placing the crop at 11,6*0,-
ono bales, there was notlilng fresh of a
bull nature. The opening was 16 to 26
points lower, but prices started upward
Immediately after the call, ant( for the
remainder of the session a steady to
Arm undertone prevailed. The close
was steady net 12 to 14 points higher
than Saturday’s finals.
Comparative port receipts:
1907. 1906.
Saturday ..\ - 6f.4» 69.864
Monday 56,602 73,762
Estimated receipt* Tuesday:
New Orleans
Galveston
Houston
1907.
14,000 to 16.600
.......34,W> to 26.500
.......18,000 to 19.000
1906.
20,617
19.196
4,167
SPOT COTTON MARKET
Liverpool, easier: middling 6.79.
Atlanta, firm; middling 167,16.
New Orleans. Arm: middling 1611-11.
New York, steady: middling lie.
Savahnsh, steady; middling 1084.
Augusta, steady: middling 10%.
Mobile, easy: middling 1M».
Charleston, quiet: middling 1614.
Wilmington, steady; middling IWi.
Baltimore, nomlnnl: middling 10:4.
Boston, steady; middling 11c.
Memphis, quiet; middling 10%.
Philadelphia, steady: middling 11.25.
Houston, quiet: middling 1044.
Norfolk, steady; middling MJ4.
Galveston, steady: middling 1114.
TODAY’S PORT RECEIPTS.
The following table shows receipts at tbs
torts today, comparsd with tbo same day
fast rear:
NEWS AND GOSSIP
Of the Fleecy Staple.
8pec!n! to The Georgian.
(From Hayward, Vick ft Clark.)
. New York. Nov. 4.-J. H. Bache ft Co.:
Liverpool cables were due % to 314 points
higher. Opened quiet but steady 7 points
lower on near and 8 points lower on distant
positions. At 12:15 p. ui. It was barely
l ?2* r 0,l # £f ar nu ‘
fnqalr __
middling upland. 6.97; sales* 10,U-, ™
7,tOO; speculation and export 500, imports
6,000. Including 5,600 American. .
The break In cotton In Liverpool this
morning is due to the very unfavorable
bank statement Saturday. . Cotton was of
fered down sharply on the curb Saturday
after the close. The financial situation
holds the buying In check, and until this is
adjusted we advise caution In trading.
hell and Sohlll Ini *
Shparson buying,
short a little.
Feature of the openlug In cotton was
heavy selling of January, March and May
by Heats.
Following are 11 a. m. bids: December
10.61. January 10.22. March 10.23, May 10.25.
Shorts covered heavily and there was
good buying for spinners* acocqnts. Liver
pool is very steady and King is said to be
out with n small crop estimate. Looks like
we might do better If the money situation
shows no worse. But It Is nervous and llu
ble to sharp changes.
Cottou strong on bi
and rlug generaly. No news 'except the
Habersham King estimate.
No cotton for sale. Market seems to lie
congested with straddles, the long end of
which Is In New York, and there are not
sufficient fl
demand by
New Orienns, Nor. 4.—Hayward, Vick ft
Clark: Market opened abont 12 points down
and bad tlnnuclnf news from Europe causes
concern. Feeiiug Is bearish and against
the market.
Financial reviews say the
look In Germany Is rather gloomy, and
while It Is thought in Berlin that the crisis
In America is past. It will lie felt In Europe
later.
Habersham King, In his' latest circular
says he figures the crop at 11,750,000 maxi
mum.
Map shows big cold ware has now pushed
very near the territories. Should strike
north Texas tomorrow, nnd muse general
frosts in the western belt.
Itnther serious news of n financial charac
ter coming from Europe, which Is expiated
to greutly curtail and delay buying power
nnd cause further decline In cotton. Looks
•ery cloudy for the time hriuj
Tomorrow will be n holiday
.. .deas. The only question now
is, can reduced crop views operate against
the financial situation? The advances were
pronounced, nnd at noou tho market was
up about from 25 to 30 points from the
* with special strength 1 ~
1 pool'fu control of th
using every means to squeeze
malnlng short account. Th# map show ..
la wave pushing near the Texas line.
Ivanees today have beeu greater than
the declines of tnree days. This market
exhibits every evidence of working higher,
and we believe conservative purchases made
now will show profits later on.
GOOD TRADE FOR NOVEMBER
EXPECTED TO BE ACTIVE.
The New York Commercial: In the dry
goods commission houses it Is stated that
October r '
sales on <
goods. T
nnd brown cottons was
for September, and prices were on a gener
ally lower level. Many changes have taken
place la the first band market on cotton
f oods. looking to a more equable basis for
uture delivery goods. With the opening of
spinners accepted bids for weaving yarns In
low counts. It lr the “ general opinion of
merchants In the district that jrade for
New Orleans. .
Galveston. . . .
Mobile
Savnuiinh. . . .
rhurleiton. . .
Wllmliictotf. . ,
Norfolk. ....
I Ion ton
Philadelphia. .
Total.
1907.
18,423
1.208
SB
3,913
24
46
1906.
19.623
25,600
1,655
15,439
2,323
6,503
3,619
737762“
INTERIOR RECEIPT8.
Houston. .
Augusta. .
Memphis. .
St. r.ouls.
Cincinnati.
22.875
itS
2.129
.! 117724 I 40.325
HAYWARD. VICK & CLARK’8
DAILY COTTON LETTER.
New Orleans. Nov. 4.—Liverpool starts the
’veck with disappointment nnd weakness
Futures were about 8 lower than due>*pn
*ai"* small, nnd prices 1 |>olnt down. Then
..uglniid raised Its rate to 6 |>er
unusual thing nt the beginning of
» week. The Loudon stock market showed
“harp declines and financial reviews express
serious concern about the situation particu
larly for Germnny. While the crisis In
America Is thought to be past, It Is believed
Hint its effect on European finances will
only nppenr now. In t^ie commercial
• resources In the past six years I
e dg-
l ho
im.iNt nnd forced other continental conn
tries to d, r the same. Any loss In nubile
confidence, tightening nnd consolidation of
min m ini matters would bring about much
more serious disturbance* thnn with ns. As
Jar ns cottou is concerned, reduction In
Jiuying power nnd delay In buying would
unfavorable 'Consequence* for the war-
Following the brack in New York, first
trades her** were nt n decline of n I tout 12
h'lnts, which was, however, qulekly recov
ered, ns tiie .short squeeze In New York
does not yet seem to lie over, nnd prices
Jiiero ndvnticcd ‘sharply soon nftor the opeu-
.Habersham King's cron estimate
cf 11,750,000 liidtn-eil some scalpers* covering.
V'd. on the whole. little consideration Isj
given to bullish statistical conditions In
cotton at this time, as developments of
weightier consequences nre expected In sur
rounding spheres, particularly of financial
future in Europe.
A significant feature of correspondence
rr«*m abroad is that buyers strongly recom
mend the shipment of the exact quality con
tracted for, *4> that spinner* can tuni out
me e Xa c t grade of yarns nnd avoid the pro-
Tl station ninl iitvniti* iIau-h .if iIaI(i-.i»i.i. 1
kill? name * t o.:
fj ■# opening decline extending from
Mnfa. dne to the weakness of
Liverpool mork * t ofl account of the
JS25** In the batik rate to 6 per eent this
shorts came lu as buyers on the
*nd during the first half hour the
3 ,n « »•» on a more Or Idas extended
A factor was the King estimate of
November Will prove active. There are
signs that banks are again In a position to
give proper accommodations to mercantile
concerns And this helps merchandising. Id
the retail market prices are not being mark
ed down to sacrifice levels, and this Is
taken ns a sign that the department store
buyer nnd smaller retailers havo confidence
lu the winter trade. Converters and cut-
ters-up nre placing few orders on gray goods
or other lines of staple cottons. They are
hoping for lower prices and feel Justified
lu holding back on orders. 811k piece goods
Importers nre-getting a liberal volume of
orders on staple blacks nud staple colors for
spring delivery. The price question on silks
appears settled nnd buyers are taking what
goods they need.
Pay Full Price for Odds.
On narrow odds the few* available spots
nre commnhding full market prices. Con
verters nre not as anxious to place orders
on wide goods as they were at tho opening
standards to move a fair volume, but that
mills will not break prices on small orders.
Begulars continue to sell nt 6%c.
Messrs. Edward Movse ft Co., of New
York, estimate the cottou crop of 1907-1906
at 12,300,000 bales. The estimate by atates
follows:
North Carolina
South Carolina
Georgia
Florida and Virginia
Alabama
Mississippi
Louisiana
Arkansas
Tennessee nnd Mlasourl
Texas i
•Oklahoma ..../
Total crop 12,300,000
It will be particularly noted thnt the
out-turn from the Atlantic district Is ex
cellent. equal to the best ever made; the
Mississippi valley, Including Alabama, fulls
nearly a million bales behind the maxi
mum growth for that sectlou; while Texas
shows th*. enormous falling off of 1,860.000
bales from last year's record crop of 4,19V
000.
FINANCIAL 8ITUATION 8TILL
IN AN UN8ETTLED STATE.
Alfred Mestre ft Co., bankers and brokers,
of New York, lu their weekly circular,
Although some of the more acute points
of weakness which have been witnessed lu
the financial situation have undergone much
Improvement during the past week, condi
tions still remain unsettled. A stats of nf-
fnlra has developed not altogether dissimilar
from those prevailing lu 1893. There Is this
marked difference, however: General coudl-
this year’s crops were abundant, nnd tb's
will mean continued heavy traffic for the
railroads for the ensuing year. The great
difficulty at the moment lie* In the money
stringency, though It seems entirely proba
ble that within the next two months this
problem wtll be adjusted In a satisfactory
manner.
-All things considered, the Indications do
not point toward n revival of any sustained
upward movement In security prices, though
It appears to us thnt those who are In n
position to buy stocks outright and hold
them. If necessary, for several months, will
‘lid It to their advantage to do so. Mar
gined trading Is bssardous In the present
state of the money market, and tbo delicate
position of financfnl affairs In general."
ftwlft ft Co,*s sales of fresh beef In At
lanta for the week ending Novemlier 2 aver-
aged 6.46e per pound.
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively's twenty-five
years' experience of ed
iting markets In Atlanta
and the South has made
him a recognized au
thority fn his specialty.
RA'NGE OF NEW YORK STOCKS AND COTT.ON MARKETS
NAME OF fftpCK.
A unit. Copper
Am. Ice Securities. . . .
Am. Sugar Hennery. . .
American Smelting. . •
Am. Locomtiv*
do. preferred
Am. Car Foundry. * . .
American Cotton Oil.. .
Anaconda. ...... .
Atchison
. do. preferred. ....
Atlantic C. Lins. . . . .
Brooklyn Rapid T. . . •
Baltimore X Ohio. . .
Chesapeake ft Ohio - .
Canadian Pacific
Chicago ft Alton
Consolidated Gni
Central Leather
do. preferred
Colorado Fuel ft Iron- .
Corn Produce. .....
Colorado Southern. .. -
Delaware ft Hudson. . -
Denver ft Rio Grande. .
Distillers* Securities.. .
Erie
^ do. preferred
General Electric
Great Western
pS&%£SE PM :::
Interboro
_ do. preferred
Kansas ft Texas
NAME OK STOCK!
:::::
Missouri Pacific
Mexican Central.
New York Centra
Northwestern
National Lead . .
Norfolk ft Western
Northern Pacific
Outarlo ft Western,.. . . .
Pennsylvania. ..........
Pacific Mull
People’s Gas Co
Pressed dtetl Car
Reading
Lock Island
do. prefer rad
RepuLdc Iron ft Steel
do. preferred
Southern Pacific
Southern Hallway .
do. preferred
St. Paul
Tenn. Coal ft Iron
I’fxas Pacific. , .
Union Pacific. ..........
U. 8. Rubber. ..........
do. preferred. .
U. b'. Steel. . I £ .. .
do. preferred. .
Western Union.
Wabash. ... .
do. prefeyrsd. . •
Wisconsin Central
do. preferred
•Ex-dlvldond 3% per cent.
NEWYORK.
Following I. the range In cotton future. In
6 Id
*
o p
1
II M
tl
St'j
*5<»v
Dec
Jan
Feb
March. . .
April. . . .
May. . . .
June. . . .
July. . . .
10.06! 16.21
10.48 10.83
10.1610.48
10.23110.23
10.11 10.43
10.20jio.4S
ib!B|ib!47
10.08
10.4.',
10.11
10.33
10.11
io.i2
10.15
10.2lllO?64
10.82 10.83-84
10.48 10.43-44
10.23 10.G-45
10.44 10.44-46
10.46
10.46 10.46-47
.... 19.46-47
10.4710.48-49
10.33-35
10.63-65
10.21*32
10.30- 32
10.30- 81
10.81- 32
10.82- 33
10.32- 84
10.32- 34
LIVERPOOL.
Following figure* give the opening range,
p. ni. nnd close, compared with yesterday:
Futures opened easier.
ntn.
5.75
November,... 5.71%-3.70% 5.7 .. ...
Nov.-Dec.... 5.61 -5.61% 5.63 6.67
Dec.-Jan 5.60 -5.63 5.62 5.66M
Tan.-Feb 5.60 -I.6SV4 5.60 5.64
Feb.-March.. 6.6855-5.89 5.69% 5.64V*
6.56 -6.56 5.66Vj 5.60
Closed steady.
NEW ORLEANS.
Following Is the range In cotton futures to
New Orleans today:
Dee.. .
Jan.. ,
Feb.. .
Mnrch.
April.
May. .
•Tune. .
July. .
Closed steady.
10.17110.49
10.11110.49
in! i 2] i’o! ii
in.2fijio.Bi
i 3i $
..... 110.66 (10.87
10.4810.47-49 10.29-30
10.47 10.47-48 10.26
10.45-47UO. 24-26
10.45 10.45-47110.23
—dO.48-60|10.26.28
10.51- 53 10.30
10.52- 61110.31 33
10.58 O’); 10.30 3S
ATLANTA MARKETa
FRUIT AND PRODUCE.
EGGfef—Active, 25c.
LIVE POULTRY—Hens dull, 40 cents;
chickens, fries, 22%#30e. Ducks, Pekin, 25c
each; puddle, 30c each. Turkeys active, 15e
P Dlffi8flBD ■ POULTRY—Turk*,., drawn,
•ctlr., 20o pound; frioo aotlre, 20822%e lb.:
brn*. Itc pound; duck., drawn, finer, 15<
pound.
PRODDHE-Lord, 12c pound; him. .ctlr.,
l(c pound; .honld.n netlre. lOOlle pound;
ild.i active, 11c pound; butter, lS02te per
pound; beeswax netlre, 26c pound; bone;
Ibrlaht) active. 16e pound.
FBUITS AND NltTB-CItron. 29c pound:
almond., 16V»c ponnd; Braxll, ltc pound:
Filberts lJV ponnd; Rndlih rvalnnf., 15c
Mi. I’ccan,. Ho pound. Lemon peel, 1714c lb.
Ornnjje peel, l,He lb. larmon., fancy Me.-
Mna. H.75ff«.00: banana,. J%c lb.: llmea.
Florida atock, 75e 100. Fennuta In aneka aver-
nulna 100 pounda eaeh. owing to grade,
•H®Sc per pound. Florida orangre, 15.00;
dried apple::, 1201314c; dried peaches. 14V4c.
Flga. «1.» box. Dntee, 1-lb. package. 7%e. I.
* Ralilna. C.00 Imx. Ora pea, Concord. 5.
id bucket. 20c; Nengnrnn. 22t4e: Deln-
p VEGETABLES—Potatoes per linahel 51.10,
potatoes. 60090c. Onlqna, 51.26 tmah.;
it, 51.50 crate; knot 14 barrel. 51.75;
uaui.d, l%c. Celerr. 60090c a, hunch; pm
crate, i to 614 doeen, 54.75. Cauliflower, 100
1244c pound. Lettuce, |2.25«2.60 per crate.
Turnlpo. ltilc pound. Florida aquaab. 52.00
crate; Florida bonna, 51.50 crate; Florida
enket. 52.60 crate
GROCElilcS.
niCE-Iap, 5V4 eenta; bead. 107c: fane;
icad. 70744c. according to the grade.
CnEESE—Fancy full erenm. lie: Geo
ane eyrnp. 37c gallon: salt 100 pounda. —v,
,xl* greaac, 51.71; aoda crackers, <44e penndi
lemon, Je: oyatar, 7o: barrel candy, per
sound. (44c; mixed, per I iwundt, *4*: toma-
toea, 2 pounda. 53 00 enaui l pounda, 53.25:
navy beans, 52.90; Lima brana. te: l»at
matehea per groaa. 51.56; macaroni. 44407c
pound: anrdlnes. mnalnrd, 13.50 cnae.
SUGAR—Standard grannlntetl 1.20; Nat.
^OTPrEE-honSgi^lprhncbllt^'iltJI: bulk
oats. 53.25 esse; aaek ertrs. 9«-ponnd bog*.
52; oysters, full weight. 52.25 ess,: pepper.
18c pound: linking powder. 55 ease; red
WHEAT OPENED WEEK
AT LOWER PRICES
Weakness of Short Dura
tion-Advanced Sharp
ly During Morning.
8T. LOUIS CA8H QUOTATIONS.
...........:&4
pound .
salmon. 0 rase: pink salmon.* (4.50 ease;
cocoa. 45c; rbocolnte. 4144c: sntiir. Mb Jars,
“ at beef, 52.(0 cate: alrtin (New Or
<8c; roast beef. 12.(0 case: alrun (New i
leans). 35c gallon: corn, 90c gallon: pati
5J.25flS.no case: peanuts, (e: rop., 4-ply c
ton. 27Vtc; soap. $7.5004 ease.
CANDY—Mick, nasorted (44« pound; allc,
.snorted. 6V ponnd: fane *
CUc; chocolate drone, pall
sorted, ten 'mixIs 15.59.
FLOUR AND GRAIN.
FLOUR—Highest patent, 56.59: best par.
ent. »5.75: standard patent. 56.50: half pat-
nt. 55 25: spring wheat pntent. $*.25.
CORN—No. 2 white. S3c: choice white. S4c.
Mixed, 53c. Cracked «»rn. ((-pound sack,
12c.
CHICKEN FEED—Fifty-pound aneka, 51;
pnrlpn rh’ck feed, 51,93.
OATS—No. 2 white. 63c: No. 3 mixed. 63c;
Onlden r.nts. 65c: white clipped, tie.
MEAI^-rlnln. M-pound aseka. 85c; «.
pound sacks. S5c; plain, 24-pound sacks,’85c;
arm. 51.69.
HAT-TImothT. choice Isree hales. 51.50;
do., choice small hales, 11.25: No. 1, one.
third balsa. 51.20: No. 2. one-third bales.
5179. Bermuda. 90e.
SHORTS'—Choi re white. 5|.7«: fancy. *r.75:
brown i75 to M» PonndaL $1.99: brand, $1.39.
cotton SEED tlEAl^-l'rime per ton,
55*99; No. 2 per ton. 524.09; hulls per ton,
* lr5 ’' PROVISIONS.
PROVISION*—Rnprems hams. |Rc: h#l
llss. 20*25 pountls nvpragr. 10V4: fat Iiaeks.
8.20. Rnnrvnm Is HI. 10%. Purify romponnd,
9%. California haras, 10c. Ex-ribs, 9*4.
Chicago, Nov. 4.—Wheat opvncd about 1 to
lV4c lower thla morning, but rallied Imme
diately. Bear point* were the large Russian
shipments ana the weakness lu tjxe atock
market. On the other hand, Berlin and
Budapest markets were very strong, while
northwest cars were only 622. ngnliyt 879
last year. World’s shipments were 11,314,000
bushels.
The markets all closed quiet, but
more or leaa strength was shown. There
wgre advances of 3-8191 1 -4c. for^wheat,
5-86J>3-4c for corn and l'-2@5-8c for
oats. Prov!slonn unsettled.
WEATHER REPORT.
WEATHER CONDITIONS.
The northwestern high area has moved
steadily eastward aluce Saturday morning
nnd Is now central In Tennessee, with It*
crest extending frost Cincinnati to northern
Alabama. Its advance has caused a general
fall In temperature over the eastern half
of tho map. The low nrea la now passing
off tho roast of New England nfter having
caused rain In tho eaatern portlou of the
Great Lakes nnd the upper Ohio valley. A
second area of high pressure has moved In
over the Rocky Mountains to central this
morning In Nevada. Accompanying this
high nrea Is generally clear and cold weath
er. Cloudiness prevails In the southwest,
with rain falling at Tsyior and Ban Anto
nio. Tex.
The eaatwnrd drift of tUe arena of high
pressure will cause generally fnlr weather
In this section tonight nnd Tuesday, some
what wurtuor tonight.
mw, im-vwimi preferr
Illinois Central .. .. ..
Kansas and Texas ...»
do. preferred .. .. ..
Louisville and Nashville
Minimum and Maximum Temperatures Mexican Central
TIPS FLASHED
From Wall Street.
Special to Tho Georgian.
(From Hayward, Vick ft Clark.)
New York, Nov. 4.—J. 8, Bache ft Co.:
Americana fn London very wenk. Canadian
Pacific 4off %, Steel common 1%. Bteel pre
ferred %, Baltimore nnd Ohio 2Vi, Copper
1%. The demoralised condition In I-oiidon
caused by advance In the bank rate. T^iere
was some selling for New York account.
A further ndvauce In bank rate to 7 per
cent l« expected if American demand for
gold continues.
It la doubtful whether the weakness In
Americans will l»e reflected In our market
to any great extent. The conference of
bankers was In all probability to counteract
the effect* thnt would naturally result from
■ueh n condition of affairs. The gold will
begin to arrive tomorrow and will continue
to arrive dally for n week or raofe. ’ A lower
level of prides expected nt opening, but no
such demoralization as legal holiday in Cali
fornia will continue today. It la also an
nounced that clearing house certificates of
small denomination will be loaned to become
currency for tbo present. •
There nre stories afloat which nre of In
terest. First, that Mr. Morgan hns Imught
control of tne Tennessee Coni and Iron;
second, thnt the Rockefeller* hive bought
100.000 .Smelters; third, that the Ciiion rn-
eifle pinu will be worked out ns soon ns
the market becomes normal.
. As a result of a conference over Sunday
between lending banking Interests nud In
fluential directors of some trust companies,
the situation Is believed to have beeu Im
proved to a considerable extent.
"fawn Topics: The Influence of Saturday's
bank statement will bo felt In the market
for some any*. The situation financially,
both here ami throughout the country, is
one that does not encourage the purchase of
stocks, even at the admittedly low prices
uow prevailing, indeed there Is *6 much
more liquidation still to come thnt, In onr
opinion, much tower prices all around nre
Inevitable. Reduced dividends by Impor
tant railway and Industrial corporations
will be announced from time to tlmo, If in
deed announcements are not of a more se
rlous nature. It is quite evident now that
onr der •“ “* M
eontlnr.f
will I
New
wc „
London today, nnd n further ndrni
discount rates In London nnd In continental
centers will probably follow ns a matter of
course. Naturally no great amount of buy
ing by Europe can be expected In the cir
cumstances.
An advance was made In the Bank of
England rate of discount to 6 per ceut and
there Is a feeling that n still further nd-
vouco wilt l»e made durlug the week In
case our demand for cold Increases.
Cotton should be sold on bulges.
Buy - ■ •
rrlcu_
lied In the London market.
MONEY AND EXCHANGE.
New York. Nor. 4.~Moiie.v on call 4620
per cent; time loans, nothing doing.
Posted rates: Hferllng exchange 64.^®
4.84%. with actual business liKhsnkcr* 7 bills
at 64.67%®4.tf for demand nnd 84.84(94.85 for
sixty-day bills.
Prime mercsntlln paper unchanged.
London Imr silver 27%d. New York bar
silver 60%c.
Mexican dollaW 47%c.
THE LONDON 6T0CK MARKET.
Ateblibo
do, preferred ..
Baltimore niwl Ohio
Chesapeake mid Ohio .. ..
Chicago nud Great Western..
Canadian Pacific
Denver and Rio Grande .. ..
do, preferred
Erie r, ]
do. first preferred
do. second preferred .. ..
and Rainfall.
CHICAGO GRAIN MARKET.
Chicago grain and provision quotations
for todajr are as follows, compared with
yesterday's close:
Open. High. Low.
WHEAT—
Dec.... 93% 96% 93
JSSJ-" ’SS >2*
in Bn-
J|g_8 9 9 9 9
1m. 9- 9 £ 9 9
a: it
CORN-*
Jan... 14.29
May.-., 14.66
POKK-
Nov... ....
i nn -i.Ou
lay... 8.45
LARD-
Nov
14.55
LmS L?74(
1.60
7.824,
LIVERPOOL GRAIN MARKET.
Wheat opened
lower nud it 1:30
p. fn. l%4}f% lower. cHosed ldffl% lower. -
Corn opened >4 lower nud nt 1:89 p. m.
%®‘4 lower. Closed lower.
CHICAGO CAR LOTS.
Toilny.
Tomorrow.
Wheat
Corn. .'
Oat*
Ho**, head
IN
140
158 t
21.000
82
169
189
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVI8ION&
Carondol.t and Gravier St.., New Orleans
MEMBERS:
£•* Ortrana x.’Btton Exebeni*. N.w Orlran. Fntnr. BroX.rx’ AnoeUllon.
..cw Vcrj Cotton Ej*Iuii;c Nn Orlran. end Chicago Bo.nl* of Trad*.
gf mtae CMtea Exchxng,. New York Cofla. ExcSiM*. . .. . .
Koeatou Cotton Uxcbonce. AraoeUt. M.mhcra UT.rpool Cotton Au a
New York and Chicago Correspondent*;
*•. BACHE A CO., AND BARTLETT, FRAZIER & CARUINBTON,
PRIVATE WIRES TO ALL POINTS.
THE COFFEE MARKET.
rasrket for today:
Opening
Range. Close
..6.66-6.75 6.6DA.68
, .6.70-6.76 6.5W.fid
April
June
July
August
Xeptemhcr .. ..
Ortokr
Novemlter —
Decern l>er 6.65-6.70
Closed steady. Rates 63.769 bag*.
. . .6.75 .65
..6.89
..6.86 6.99
,.6.89-5.95
..5 JO-5.86
. .6.19-8.09
..6.05-4.19
..6.054.19
..6.66-6.49
5.46-6,7>
5.70-6.75
6.764.4)
6J94.f5
5.864.9>
5.934.96
6.86-6.09
5.364.4:1
6.45-5.50
ATLANTA.
Aldlene. . .
A inn rl I In. .
Bismarck. . . .
Boston
Charleston. . . .
Charlotte
Chicago. . .
Cincinnati .’. .
Corpus Chrlstl.
Davenport. . . .
Dodge City. . . ,
Kl Paso. . . .
Fort Smith. . . ,
Galveston. . . .
Jacksonville. . .
Jupiter
Key West. . . .
Mobile
Montgomery. . .
Nashville. . . .
New Orleans. .
New York. . . .
North Platte. .
Palestine. . .
Port laud, Me. .
Portland. Ore. .
8t. Louis. .. . ,
Ht. Paul. ....
Savannah. . . .
Spokane
Tampa. ....
Taylor ....
Thomasvllle. . .
Vicksburg. ...
Washington. .. .
Wlhnlngton. . .
T. Indicate* trace of rain
J. B. MARBURY, 8c<
Norfolk and Western
Northern Pacific .. /.
New York Central ..
. preferred
do, second preferred
Rock Jalaitd
.Southern Railway .....
il»i. preferred ..
Bout hern Pacific
Ht. Paul
1’nlon Pacific
Tutted Rtntca Hteel .. ..
do, preferred .. ..
Wabash
do. preferred
U N
GENERALLY LOWER
Reflected the Demoralized
Condition in the Lon
don Market.
TONE IMPROVED LATE
Fair Advances Were Noted
Throughout the List
at Noon. jg/
New York. Nov. 4.—A further advance tft
the Bank of Huglnnd rate Hebu recognized
Thursday meeting, and tho announcement
this morning that the rote had been raised
at a spselal meeting to 6 por cent caused
considerable consternation In the foreign
markets. British console dropped a half
point, tho other London departments were
weak nud American stocki. although on n
very small volume of business, fell from 1^
-% points from onr Saturday closing.
the local stock market was naturally a
good deal unsettled by these developments
abroad nnd ofieued nt sharp declines. But
It was appreciated generally that oar own
situation, while still serious, was by no
means as bad ns on the face of things It
appeared to la* nt the close of last week.
Tho bank statement It was realized related
to conditions which were past ami which, In
nil probability pictured the worst that was
likely to Ite witnessed. With the arrival
of the 339,000,000 gold taken for import, the
enormous reserve deficit will be largely
made good, assuming, of course, that last
week’s domestic withdrawals hnd satisfied
the first urgent demands from the interior
centers. This assumption seems reasonable-
in view of the grant Influence which tb6
premium on currency must have in bringing
back hoarded supplies.
The eoiieltislotis all received emphasis this
morning \*bou call money opened at only
20 per cent, nud this comparatively moderate
|UotntIou Instantly created quite a favorable-
mpresolou on the exchange. Trices rose
•npldly after the first hour, nnd by nofiu
showed substantia! gains.
nosing bids follow:
Railway Stocks,
Atchison .. .. 751-2
Atchison preferred ... . ..... 84 1-4
Baltimore and Ohio.. .. .. .... 807-8
Canadian Pacific .. .. .. .. ..150
Chicago and Northwestern .. ..133
Denver and Rio Grande .. .. .. 18 5-8
Denver and Rio Grande pref... 561-2
Erie 17 3-4
Loutavllle and Nashville 931-2
Manhattan "I*” ..1106
Metropolitan Street Railway .. . 25
Mexican Central 15 5-8
Missouri Pacific ». .. .. .. 63 3-4
New York Central 971-2
Pennaylvanla, ex. dlv. .. .. ,.1031-2
Reading 76 7-8
Rock Island ...... 131-3
Rock Island preferred ... 34
St. Paul ... ...102 7-8
Southern Pacific .. .. .. .. ..671-2
Southern Railway 121-4
Union Pacific #.110
Union Pacific preferred 79 7-8
Wabash ... 1-2
Interboro-Metropollian 5 8-4
Gtrtat Northern . :11Z
Miscellaneous.
Amalgamated Copper .. .. «. .. {OS-4
American Cor and Foundry .... 26
American Locomotive 38 1-4
American Cotton OU ...... *• J68-4
American Smelting and Refln. .. 68 5«.8.
do. preferred !»*• f
Brooklyn Rapid Transit
Colorado Fuel and Iron .
National Lend
People's Gas . .f
_ 811-2
16 3-4
361-2
731-4
16 7-8
331-2
383
Pressed Steel Car
Slopg-Sheflleld Steel .. .
Standard Oil
Sugar .. .. .. IJJ
Tennessee Coal and Iron . • ..... 35
United States Steel 241-4
do. preferred .. 84 3-8
Western Union ‘ • • • * • JJ •••
, Mackay Companies 62
Virginia-Carol Ilia Chemical.. .. 13
SAVINGS BANK
Could Building
CAPITAL STOCK • . . SI00.000.00
rcsouroes r- 0 ;-
4% .250,000.00 4/0
MINING STOCKS.
Buxton, Nov. v-nw'nliw: Grrau. cananra
*. Connor llninf, 63. CuVnmrt-Artxona IK.
STinimnti rtnh 52% Olit Dominion 22.
Jlnrk.t tvonk.
Section Director.
WEATHER F0RECA8T.
NAVAL STORE8.
Mir*. 22; recf'lpt,. 1,82*.
ItIlftIV", ,1,
w.»”. hi. F5.w. *v. ri.»», I, 14.20; II, 33.90; G,
63.806f3.85; F K, $3.75; b I* B A, fJ.79.
.VISIBLE GRAIN SUPPLY,
•kly vlsthte supply
\\ v beat—Iurrease ucao buslMlo.
4*oi
-Incr
m®
COTTON SEED OIL MARKET.
Following Is given the opening gad closing
quotations of the New York eotton seed olt
market:
Noromlxr.
Ilereiitlter.
January
Starch.
mk ...... V
•losetl Irregular. Fsles.
Atlanta Oil Markets.
The following quotations are Imaed on ac.
tuni transactions: Wins male o», f. o. h,
mills. November 27; December 27; Jaau-
•— fiVi-
Oats— Incrohac 446.W9 bushel*.
thT metal MARKET.
New York, Nov. 4.—There was Utile
or no activity shown nt the metal ex
change today and prices ruled Irregular.
Copper was unchanged, while tin eased
off l-4c for spot and near-by deliveries.
Spelter was down 5 points.
Lead was unchanged.
F. G. Martin, of Lsxington. Iowa, write*
**ll»ls crop »r corn will five a leaa pei
r<*n» of contract oura than any crop rnlae<l
In the last twenty year*. Also only 7a per
emit of a crop nt the extreme outside."
The Rood* Klevator Company, of^ffcwwtr.
Ilia., write*’: "t’Arn I* not making at much
per ncre by M bushel* «a uua akjH»cted.'’
t'lfne write* from Wnpefta. Ills., tnat corn
la making 19 to btiMbels Ins per acre
than expected.
•*Xorth%rcstern grain men bar* been pay
ing out shout 31409,000 per day nlnce the
crops began movlug wmie oUty daya ago,''
asld John MnrflHd. of Mlonrapolla, who waa
down Katurday. ”Bvvr>' country elevator
lu the Northwest I* n<»w rioted nn nnd
ererylmdy la watting for the sitajitlmi to
veer around to normal. The ]
Washington, Nor. 4.—Weather conditions
and general foreea*»:
The northcaitetu storm hot passed out
the gulf of St. Lawrence, but there Is ail
other of more moderate character over l,ake
Superior and wftil another over the Hrltt*h
Nofthwe*t, encli with a high nrea to the
southward. Loral rains nud snow* eon
Temperatures have fallen eonaldernbly In
the Atlantlr atates nnd lower lake region
with general fronts In the Southern state*.
It 1* slightly warmer In the middle wc*t
and colder fn the central Rocky niotinfhltt
weather will he fnlr tpnlght and
Tuesday In the es*t and *nntb. except along
r filial
ble wind*.
'North tlrwlnn nnd South t’arollnn—Fnlr
tonight, with light frost; Ttteuilay fair:
llclit to;fre*b north to itorfhesst winds.
Eastern Florida—Fair tonight and Tne*
day; *l!gtitl> warmer tonight In northern
portion; light to fresh northeasterly winds
Waste — “ *
night nt.™ . ...
light northeast t*» can wind*.
M!**t*o!ppi— Fate tonight and Tuesday;
dlghtly warmer tonight In southeast por
tion; light easterly wind*.
Kentucky—Fair and wanner tonight;
*e*d-r t"lr
Tennessee—Fnlr tonight; warmer In ecu-
trsl |»ort1oB; Titcwlny fair.
Lotd*fnua—Fair tonight: Tuesday show
's: light to fresh easterly winds en the
const.
ern Tema—RtHrarevoi tanlght qtul
ny: colder Tuesday In northern'por
tion; light to fre*h easterly winds nu the
Western Texas—Fair and colder thnlgbl;
Teiowt*> ‘fair.
(tklahome ami Indian Territory—Fair nnd
colder tonight and Tnewlay.
Arkansas—Fnlr tonight and Tuesday: frost
Tuesday morning lu Oklahoma and the Tex
as panhandle. N
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New York City. -
F. W. LAFRENTZ, C. P. A., President.
C. E. M«nv .-.ring, Vie* Preiid.nf, Th»o. Ceeheu, Jr, C. P. A., Sr a and Tr.»k
BRANCHES
ATLANTA—Pmirth N*fl Bint Elfl»
CHICAGO—Building.
rmr.ADKI.l 1A—Il.ll.vue-Btratfotfl.
SAN r.' A NCI SCO— Bfl Wen Building.
StCW YORK—Waldorf-Antorl*.
BOSTON—E*ch«n*o BulMln*.
WASHINGTON—Colorado Building.
NF.W ORI.EANS—Hrnn.n Bnlldlnr
liAI.TIMORK—Fidelity Building.
• LONDON. ENGLAND—* Kin* Klr.rl. Clirap.ld*.
A T -ANTA BRANCH 1015-13 Fourth Hntlonat Bank Building.
0. B. BIDWELL. Resident Manngtr.
r.lrphon*. Main 872. Cabt. Addresx. Amdit. N. V.
FIIANK HAWKINS. ITr.I.Irnt,
II. Jl. ATKINSON. Vlr. rir.il]rot. TIIIIUAS C. SICIYIX, Caaklar.
(OBBrll A. M COUD. VIcc ITr.IJrol U W. ItVKIlS, XnllUlt OaklMV
Third National Bank
Capita] - - - - $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALHOUN.
MII.TON, DARtiAN.
II. ..I. A I IVIAAWA.
.jdntni a. m’cord.
J. If. NONNALLt.
j. carhoi.l FAYsa
K. It. ROSSER.
DAVID WOODWARD.
SPRINGS & CO.
|jv«nuvd AKikfllRlimi
STOCKS. GRAIN AND F It O VISIONS.
31 Cotton Exchange, New York,
MEMBERS:
New York Coffea Exchange.
New York Produce Exchange,
Chicago Hoard of Trade.
B. C. COTHRAN, New Orleans Representative
THE AUDIT COMPANY OF NEW YORK
1h« Oldest and Fcremott Csrpsrat.’on Fngtiedia iccounlinj
1310 Candler Building.
HARRY M. RICE
Southern Manager.