Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, November 07, 1907, Image 13
13
THE ATLANTA GEORGIAN AND NEWS.
BOLL INTERESTS
NEWS AM) GOSSIP
Of the Fleecy Staple.
After a Slightly Lower
Opening Sharp Advance
Took Place.
TRADE WAS ACTIVE
Fight Said to Be on Between
Leading Bear and
Bull Interests.
v.fr York. Not. 7.-fon*ldfring the weak
r.M Id the market atLlremool and ad
"«noe ID dlaemint rate of the Bank of Eng
t.nd the local cotton tnarket this morning
• sentiment tu not ao decidedly benrlah
durlnc the moraine Motion In the New
York market for ration fntUrra; In fact,
Ithllo wore In ertrtenen and the hear
leader for the Unit time In quite a while
found he hod ylgoroua opposition. The bear
leader hat been firing out “dope” In tbo
•hare of Unsocial stringency. a hamper
.•ron and other Informatlen of n deprcaalna
nature, for the past few dart, but appn
rantlr the public did not xnan to hit Did;
neither did the flrit-hand holders fall oret
ihemaelrea to get rid of cotton, eren at
nreaent prices. It comet from Inside sources
lodtr that a tight la now on betwaen Price
and'his followers on the bear able anil
■eraral large commission houses on tho bull
"a. If true. It will be watched with
great Interest h.r Interested parties In the
"tlrerpool was slightly better th«n dtie
on NOW York's closing Thursday moraine,
gained • point or two and closed ateady
sill points lower. .
Spots were In fnlr demand at a reduction
of I points, making middling ».»; aale* ».«•)
h The New York market waa lower at the
start, neoember t point at 10.W, sold off to
IMS. and at noon was selling at 10.71.
January atarted 5 point* lower at 10.25,
which waa unchanged front Wednesday's
.■lose, advanced to 10.2*. At noon waa
imoted at 10.12.
The bull had the best of the light np to
soon. Afterward the heats had an appar
ently easy time In forcing prices lower,
them waa ao news of a depressing nature
io cause the slump, unless It woo a fear
Mist the census bureau report, to he Issued
Friday at 9 o'clock. Atlanta time, would he
less of a bullish document than haa bean
Iff ml so waa atrady net 1 to 10 point#
low^r. the latter for January.
Comparative port receipt#:
Saturday
Monday
Tuesday
Wednesday
Thorsday
Total,-Are days..
~WT
36.602
W,335
49.815
I 41,0801
T5CST
Total alnce Sept. 1 1 2,204,862
73.7*;-*
97,800
71.407
■49,888
raBaflfir
12.911,380
Estimated receipt# Friday:
19b..
New Orleana 14.000 to 16.000
Galveaton ..14,600 to 16.500
Houston .11.000 to 12,800
3POT COTTON MARKET.
T.lverpool. easier; middling 5.99.
Atlanta, firm; middling loe-if.
New Orleans, firm; middling io«i.
New Tort, ateady: middling lO.fu.
1906.
9,416
21,088
16,000
a>vm.k, Arm: middling 1 0%e.
charleston. Ann: middling 1044.
Wilmington, stsdfiy; middling 1044- •
Baltimore, nominal: middling 10%.
Boston, steady; middling 10.90.
Memphis, qulst; middling 10%c.
Philadelphia, steadvi mlddllng-'llJS.
Honston, Arm: middling 10%c.
Norfolk, steady: middling * *
Galveston, qnlat; middling
Special to The Georgian.
<From Hayward, Vick Sc Clark.)
New York. .Nor. 7.-J. K. Barbe fr Co..
Liverpool cable* were duo 10% to 12 poluta
lower. Opened steady 6 points lower on
near and 8 lower on distant options. At
12:15 p. m. waa barely ateady net 9 to 9%
lower on near ttnd 8% lower on distant po
sitloua. Fnfr buaiueax doing In apots nt 4
points lower, middling 5.99: sale* 8.000,
American 7,300; speculation and export 1,000,
Import.-* 15,000, Including 13.700 American.
Liverpool cornea, a little better than due.
The deejinea of yesterday titter tho early
morning bulge wna due to the failure of the
New England printing works and reall ‘
The bull crowd la milking n mistake at
time lu iHKisting the market unduly. What
la desired Im a quiet speculation with no
apectni’ulnr movements, nnd.tho bull crowd
only Invites disaster by such manipulation
as that of yesterday. We favor u conserva
tive policy. Would buy only on the extreme
dips, for, although the situation, we liellcve,
favors an advance, w6 look for little artlv
Ity until the financial situation adjusts It
self. Collections throughout the countri
slow. Exchange rates between large cei
are prohibitive and all this prevents the
normal movement of cotton.
Trading Is very narrow, but looks heavy.
Think yesterday a selling by Ayer waa foi
a new mnn going short for a long pull. It
would go lower Imt for the light u
bent. Would sell It ou hard spots.
Following are 11 s. ni. bids: December
10.61 January* 10.28. March 10.31, May 10.31.
Price says he hears National dinners
make total ginned to November 1 6.137,000,
and that his own figures were 6,176.000. lie
says If the government confirms these fig
ures the market should have a temporary
advance, hut if It does not advance he
fears all hope for nn advance must be
abandoned.
New Orleans, Nov. 7.—Hayward, Vick A
Clark: Very encouraging demand for spots
traded In for good mlddl
and for this i
Liverpool stead
Large de-
2 points.
„ _ faction In
New York opposing the Price crowd
disturbs bears here. Market quiet. Free
Selling stopped.
Liverpool cables: "Market feels influence
of the raise In the bank rate. Take unfa
vorable view of the near future. Mon* of-
fcrlngs from America.
Looks like big fight on in Sow York, with
Price and followers on the bear side, and
several large houaea against him on bull
side. Good scalping market prospects on
both sides as the battle wages. Would buy
on depression.
THE °P FFEE market.
The following figures civs the opening
range and close In the new York coffee
arket for today:
April .. ..
May
June
July
August
September
October
November
December
tToeed steady.
Opening
Range.
..6.8941.69
. .6.5541.60
..5.66-6.70
. .5.65-5.75
. .6.75-6.80
..5.76-6.85
. .5.8641.90
. .6.90-6.95
. .6.90-6.00
. .5.95-8.05
. .6.40-5.45
..5.45-5.65
Close
5.48-5^
5.50-5.601
6.605.66
5.65-5.70
5.70-6.75
5.70 5.75
5.765.90
6.80-5,85
5.90-5.95
5.96-6.00
5.85-5.40
5.40-5.451
%n
TODAY'S PORT RECEIPTS.
The following table shows receipts at tha
iort» todt“ —***■ “■* •*—
last year:
New Orleans. , , .
Galveston
Mobile
Kavtuinah
Charleston
Wilmington
Norfolk.
Boston. . . .
Philadelphia.
INTERIOR RECEIPTS.
HOT.
1906.
Houston
Augusts
I-E!
viampbls.
8t Louis.
•'JneJnnsH
.W
as
1.616
*8
Total. .....
23,003
30.649
HAYWARD. VICK A CLARK'S
DAILY COTTON LETTER.
New Orleans Nov. 7.—The heavy demand
mr gold for this country, total engagements
,( » note amount to 837.o60.0u0, caused a fur-
. 'I*** protective rise In the Bank of Eng-
and rate to 7 per cent. The laondon stock
market suffered a decline and Liverpool ca-
•lea: "Market feels Influence of raise In
'•»nk rate. Unfavorable feellhg regaining
8/22501 more offerings from America/’ Due
utfl2 down, Liverpool waa steady at a
"»« or only K points up to noon, when fii-
started to weaken; end showed tho
tJ* ^e^llno when business atarted on our
■ ^ Will street leader has a very
"**rlah letter in circulation, In which he
severely criticises and describes as mad-
uen the recent move on the. part of some
"t the largest Naw York houaea to bull
jetton. This shews that there are big ahort
uom* in cotton uneasy about concerted on-
position. Onr market opened lower. Ncalp.
*»»-l» their .lamepu a* the Dent which
. 'pp-erato be on In New York prorldoe rap-
»l .hence, *ad chances on both .Idea.
ft eftln a coed demand for snot*.
Mtunlarly for tho crado food middling
yjSPOOl claaa common ntnplo, for which
!>olntn on January fntnrea wan paid
, 22*7; «felu«t about $2 yesterday. A cenan*
' -port will bn pnhUabed tomorrow at 9 a.
ii" our time, eh 1 p-- ninouut In bale, ginned
,*® b * r *• • '?e -hall compare the 6g-
II? Lfos.X6 ginned laet rear
*'*Aai finned In MS to feme date.
' «9fetaUoi la foeMOMM bale..
,"5 }*• *5 tho perl oil when fine ere be-
"* freely fed, regardless of crop nine. and
y nnlnfe sine* Odobcr If can easily be ae
;¥<• •* !a»t years. If ao. It will bo naed,
•r lonrM. ae a beer argument, which, how.
'*t',.«honld decelre nobody familiar with
'^odltlonn. Liverpool ateidled toward the
dose, and selling here stopped. Futures at
the moment an* steady, nnd the crowd Is
rather uneasy that New York might above
them head first Into the bag like during
past four days. Tbero are rather fre-
.A Indications that the scattered selling
by outside feeds some big operators that
are working quietly for an object.
New York, Nov. 7.-J. 8. Bache & Co.:
The market milled after tho opening de
cline, due to the resistance shown by tbo
stock market to the weakness lu leondon on
account of the advance In the English
and French bank rate. The two markets,
the security and cotton markets, are ao In
timately connected nowadays through the
strain In the money situation that any
marked change In atock prices U Immediate,
ly reflected In the market for cotton fu
tures. Liverpool advices state that Impor
tant Interests abroad are bearish for the
Immediate fnture on the American outlook.
There seems to be two well-intrenched In
terests opposing each other, hi tbs cotton
pit at present, and we look, therefore, for
an active trading market, with quick
changes. At present the balls have the up
per band. The market advanced about 16
points all around, but then become very
dull, The ginning report is duo tomorrow
nt 16 a. m. The tact that the movement hna
fallen off It a hull argument, amt n reason
for the activity of tha bull crowd.
ATLANTA MARKETS.
FRUIT ANO PRODUCE.
EGOb'-AotlTO. Sue.
LITE POULTHY—Henn dull. 40 rent,;
eklrkenn, Men. Duck«, Pekin, SCc
eneb; puddle. Me eecb. Turkeje native, Ur
P Di/e88BD POtTETRY—Tnrkeye. drawn,
tellve, Me pound; Men netlve. MBSHc lb.'
bran, Me pound; duckt, drawn. Inner, Mt
pound.
PKODUCD—Lard, lie pound: hams active,
11c pound: ihouldera active. 1O0llepouud:
sides active, 11c pound; butter, 18024c per
pound; beeswax active. 75c pound; hone/
r^'M^tron. Me pound:
almnnde, ISHc pound; Braill, 14c pound;
Filbert., I - - ■-
lb. Pecnn.,
wn"«° , »!n«4.il;‘beMuee.”live 'ibT;'llmee.
Florida vtock. 7»c 100. Pennuln ln encke ever-
mlmt 100 poonds eecb. nwlnf lo fradf.
C>4«!c tier pound. Florida orange.. >4.00;
dried «pple:i, UAlMe; drlwl pracfieei !4V4o.
Fig., >1.3 bo*. Cetee, MU pockige, THc. I..
L. Ralilnn. U.00 bo*. Grnpc«, Cnncord. 5-
pound buckel. 20o; NUnera, Hein-
w«rp. 3o. Ha noi per ken. I5.004M.00. Ap.
plo.’Vlrglnl., ».0O;‘New York «.r*6«J)0
VKOBTABl.EB-Pot.toen per bo.bel ItlO,
tweet potetora.
Ur. Urelj'n twentj-dre
ye*rs' experience of ed
iting market. Id Atlanta
and thn South bae made
blm e rteognlned an-
tborlty In hi, npeclelty.
TIPS FLASHED
From Wall Street
(From uaywai
New York, Nor. 7.—J. 8. Bacbo & Co.;
American stocks In London weak, union
Pacific 1% lower. Hteel common 1 per cent.
RANGE OF NEW YORK' STOCKS AND COTTON MARKETS
NAME OF STOCK.
Am.il. Capper
Am. Ice Hecurlttee. , .
Am. Sugar Hennery. .
American 8meltlng. .'
Am. Locomtlre. . , ,
do, preferred. . , .
Am. Car Foundry. . .
American Cotton Olt.
Anaconda
Atchison.
do. oreferrad. . . .
Attaotlc C. Una. . . .
Brooklyn Rapid T. . .
Baltimore X Ohio. . .
Chesapeake A Ohio .
I anadlan Pacific. • ,.
lawara A Hodsoa. .
“rover a Ido Grande.
Hlatlllvrs' Seonrltlen..
Erie
_ do. preferred. . . .
Oenernf Electric. . . .
Greet Weetarn. ....
3r. Mt . Northern pfd. .
IHInola Central -
loterhoro
_ do. preferred. . . .
Kaneea A Texan. . . .
3ii wi Jjji
lit
iiii
It*. 117?} mi?
^ v: k i: k
24*41 3" 3"
NAME OF STOCK.
Kansaa X Texan pfd* .
Louisville k Nashville.
Missouri I'aclfis. . . .
Mexican Central. • . .
New York Central. . . ,
Northwestern. . . . .
National Lead
Norfolk & Western. 4 .
Northern Pacific. . . . ,
Ontario & Western*..
Pennsylvania. ..*•.,
Bock Island,
do.
Rspuhti
do. prsferred. * ,
Southern Pacific. . ,
Southern Hallway. ,
do. preferred. * ,
St. Peal
Tend. Coal A iron. .
Taxis Pacific
Union Pacific
U. S. Rubber
do. preferred. . ,
U. N. Steel
do. preferred. . ,
Western Union. . . .
w, &"Wfin«a:;:
YYteraneln Central. ■
do. preferred. . ,
Total atocit aalcn today. 390.000 aharca -Ex-dHIflcud X per cont.
NEW YORE.
Dee.. .
Jan.. .
Feb. * .
March.
April. .
May. .
June. .
July.
Closed steady.
II m
mmasman
10.64 10.63-64 10.69-70
10.20 10.20-31110.30-31
10.22-21)10.30-32
10.26 10.26-26 10.30-31
|RU74M10J04]
10.2910.29-30110. L*31
I10.2S-30 10.30-32
10.2910.28-29110.30-31
LIVERPOOL.
and , ,
Future# opened easier.
°«e. _ v _
November...* 6.76 -5.7SH \71
Nov.-Dec...* 6.68 -6.07
Dee.-Jan 5.8sH-6.«»4 6.61
.Inn.-Feb 5.66 -6.65W •-
Fob.-5fareh.. 6.67 -5.6KH
Marrh-Aprll.. 6.68 -5.67 6.64 5.65
Anri 1-May... 5.61 6.63H 5.8SJ4
May-June..., 6.88 -6.85fc 6.64 6.65«
June-July.... ........... 5.64 5.66^
July-August.. 5.66V4 5.63H 5.62 6.64
Closed steady.
NEW ORLEANS.
Following is the range In cotton futures la
New Orleans today:
if
k
S
31
1
ll
Nov
Vee
Jan
Fob
Msroh. . .
April. . . .
May. . . .
Juna. .«, .
July. . . .
10I34 iblii
16.2910.42
10. 10.46
10.871 i*o!<7
10.48’'l 0.44
ib:$7
10.2s
10.27
ioiii
10.40
IUI
10.29
10.33
io.:.*
io.io
10.40
10.8334
10.29 30
10.2931
10.32 33
10.3336
1 a 88-39
10.89-41
10,43-45
10.42
10.36
10.35- 36
10.36- 97
10.3647
10.3749
10.40- 41
10.41- 43
10.47*49
t’lopoii steady.
NOTES ON GRAIN
Ppintcrs on Provisions.
Special to .Tho Georgian.
(From Hayward. Vick t Clark.)
Chicago, Nov. 7.—Bartlett, Frasier A Car
rington: YVe think It la wise to go slow
until the financial situation clears a little
more. Would not t>e surprised to see the
markets a little weaker today.
The advance of lc in Winnipeg over yes
terday's close waa on a report of 100 loads
worked here for export, nnd buying by
Drosarau. Mitchell and local aborts are
making n firmer market.
Homo commission bouses selling off De
cember wheat around 9Stt on resting orders.
Wheat market oversold. Local ahorta
atarted to cover after tho opening, which
ed a sharp upturn.
jno local buying of wheat since the
opening led by llrossein, and a firmer feel
ing In Winnipeg, t'n lc a bushel.
The Chicago Evening J*o»t: Local ablp-
plng business reported was only 86,000 bush
els wheat nnd 25,000 bushels coni, land sea
board reports of tbe business done for ex
port were confined to 60 bout loads. Ele
vator people hero In view of prospective
further reduction In local receipts were ask
ing such prices sa to shut up intending
the larger packers. It seems to be part of
“ "an to force hogs lower. Some invest
buying on tbe decline. Also cover
ing by local ahorts."
Broorahall cabled the following: "Liver-
pool: The weather lu Argentina continues
unsettied_and recent reports of rain have
WHEATOPENED LOWER,
. BUT SOON RALLIED
On Bullish News From Rus
sia and Minneapolis—Re
acted Later.
ST. LOUIS CA8H QUOTATIONS.
Wheat—No. 2 red winter ..
Corn—No. 2
Oats—No. 2
Chicago. Nov. 7.—Wheat opened % to lc
ower, but rallied Immediately end at the
.ud.of fifteen minutes' tradlng_price»
back to last night’s, close. Trading
mixed et the start, and not much
sure on the market developed as had
anticipated. Brosoean was a buyer of May.
Bullish Russian news and the lilnneapol
firmness tended to check bear operations.
crate, * to doieo. >4.7K rnulMoiver.
l«4c pound. I^tture. K.3W2.50 |x>r crate.
Turnips. iy pound. Florida «ona,ti. R.00
crate; Florida lienun. H.M crate; Florida
cucumbem,
GROCERIES.
RICE-Jxp. m centi; he«d, ««Tc; fancy
t&am* Eraral,
vane eyrup, S7c nation; nett. 1M pound,, fe
",1, crp.tr. II.rf: ,odt cracker*, «*c pmSd;
lemon, lc: oyatnr. Tc: barrel randy, per
pound. 114c; mixed, per t l»unda. *Hc; tom,-
BU3AR—Stand,rd erannlntnd 5.9); New
T COFFEt^Ro«l‘e<f ArbnckTv,. ilAM: bulk
g te. f>» c,»e; lack jtrltn, M-ponad b,*,.
: oyitera. full wrlxht. n.3 cnee; pepper
• pound: haklnn rawder. IS ra«e; red
aalmon. » rase; pink ntlnaen. I4.W ran;
rncoe. 4Sc; cbocolete. 41V: nnnff, i-lh Jtra.
41c; wt' beef. Ii*» rani nlran (New Or
Iran). 15c ration: core. »c *«iI«d: Potnl
W.Ufn.10 ran; pranntr *?.= ”»«• 4 'I >, F
’‘cANDT-Stlcli. aneorte^ %cTpeond; etlcF
vmMss.jsrsR'.ii.re
7 Hied, ten hixra K.».
FLOUR ANO GRAIN.
FLorn-melie,l pdfimL. Wg: fceet ptt-
enl. XS.3; ,t,nd*rd pnlenL «;W: bjlf pnt-
«nt. *53: «prln* wheat patent. KK
CORN—No. 2 white. 13c; choice white. 54c.
Mixed, 63c. Cracked corn, K-pouml nack.
OATH—^o. * wniir. ****-••'**'• •» i’"**
Golden osta. 66c; white clipped. 67c.
MEAFr—Plain. 96-pound sacks. 86c; 48-
pound sacks, 85c; plain, 24-pound sack*. 85c;
V *BaV—THBdtkft choice large bales, 11.30;
with no ralus predicted. Good A*beat Is
srr scarce and uuoffered
Minneapolis wired:
pcsumc people hav<
mb grain with." . ,
A cable received here states that famine
condition* have been declared In the United
Provinces of India, and crop failure Is ex
pected n* bad as tho famine year of 1896.
Crop In 1896 wA 184.000.000 bushels. Crop In
1904 was 352.000,000 bushels. Crop In 1905
wan 360.000.000 bushels. Crop In 1906 waa
280,000,000 bushels.
• Commission trail „ -
has been much lighter during tbe last four
or five days than for some time. It la prin
cipally tho direct result of the "reefing
down for heavy waatber" practiced by
coraml**lon houses. These, as a rule, rec
ommended light trading on the part of their
customers nntll the financial sklea became
clearer. The effeet haa been good.
Au Interesting document on ocean freight
rates and the condition* affecting them has
‘ ‘ ‘ ulturnl depart-
maximum and
roin 1886 to 1906 Inclusive
In cents per 100 pounds on wheat, corn
and rye from the ports named to Liverpool
are shown below.
New New
York. Baltimore. Orleans.
I*owe*t 4.M 4.72 7.22
Highest (1869) ..18.78 15.47 18.97 %
>f the twentv
. ork, 1902
from New Orleans and 1904 from Balti
more.
HAYWARD, VICK & CLARK,
COTTON, STOCK8, BONOS, COFFEE, GRAIN AND PROVISIONS.
CarondeUt and Gravier 8t*., N*w OrUan*.
MEMBERS;
:'** OrlMt* OattDB Exchtnn*, New Orlrann Futur, Brokera’ Araocletlnn.
2»wfe3t Colton Exchanee, New Orlrane end Cblraro Hoard, of Trade,
gr-iTSKen Conna Exohir j". . New York Coffee Kick*,,*.
«*u,ton Cotton l.'xohance. Atnwinte Jlember* lArerponl Cottaa At, b
New York end Chlceyo CorrraponilenU:
*•. BACHE * CO., AND BARTLETT, FRAZIER & CARRINSTON,
eSiYATB WIRES TO ALL POINTS,
do., cboloo nmnll bnlra, $1.35; No. 1, one-
third bales. 81.20: No. 2, one-third bales,
tl 10. Bermuda. 90c.
SHORTK-Cholee white. 81.71 r fancy, 81.76;
K4i»: No. 3 por too, I24.0Q; bull* per ten,
“■' M ' PROVISIONS.
PRGVIS10N5—Riiprem, b,me. ISe: li»l
lira. 7VU3 imnnd, ,rra.ee Wi; fat back*.
* 20. Bnnrem* Innl. 1004 Purity compound,
*14. California barai, 10c. Tx-rlbn, , ! 4.
BAGGING AND TIES.
BAGGING—IS jb.. 1044c; 8 lb„ IWc;
lb. 1214c: re-rollcn fracond band). 744c.
TIBS—New II.M44 bunch ,ecnnd-bsnd
,U6 ' PISH.
CHICAGO GRAIN MARKET.
Chicago grain uod provision quotations
for today are as follows, comparsd with
yesterday’s close:
Open. High.
WHBAT-r
Dec.... “
July...
cor:
Dec....
May...
Jaly...
OATS—
Dec
May....
July....,
PORK-
Jau... 13.00
May... 13.60
LARD-
Nor
Jan... 7.85
May... 8.00
RIBS—
Jan... 7.00
May... 7.20
A
96
io2i5
97»»
s»
04H
■jp
St,
*57%
68«.
58
5Wi
89*4
57
sm
9
48*4
51
47
'487»
5i **«
47*4
46
9
7.97% 7.82%
8.12V* 7.76
m
WEATHER REPORT.
WBATHE* CONDITIONS.
The low ares that waa central on the mid-
din Atlantic coaat yesterday morning haa
move«l up tha coaat, Incrcaalng In Intensity,
and Is now centered near Now York city,
where the barometer registered 29.16 inches
this mornlrig. Thn advance of thla storm
niva haa canaod general rain* nnd high
wind* In tho middle and north Atlantic
states. Rain waa falling thla morning at
IMttabnrr and Oswoga A second area of
ntraf — ~ * —
ency baa been to waraer except at a faw
stations in tbe northern Rocky Mountain
region, where It la 8 to x8 degrees lower
than at the same time yesterday.
The conditions favor fair weather In this
section tonight and I rlday, with rising tem
perature.
tho German bauk will follow with nn ad-
vnnee. Bank of England statement shows
proportion of reserve to tin bill tie* 36.20 per
rent, again** 30.90 per cent laet week. Con
sols off 5-lrid.
Acquisition of the Tennessee Coni nnd
Iron Coi ““ ““ — ” *' *
consider*
bora non .
terdiiy was based on tbe benefit* to lie d<>-
rived therefrom. The advance In the mar- |
ket yesterday wu* taken advantage of and
some of the hold-over accounts were liqui
dated.
The weakness In London should have no
serious effect here. Tho gold arriving nnd
Trust company’* affairs mending are thy
factors for betterment. Tho opening prolm-
tdy be slightly lower, but should steady u*
session progresses.
More going Is being imported from Fu-
La sard Frtre* have engaged an-
S million and tho Bank of Montreal
pound* sterling. Till* bring* total
nmoment* for America up to 83t.650.000,
Tho morning pres* nay* the financial cu
Caused Some Sharp Declines
In American Market
at Start.
IBANK RATE RAISED
Mijragements for America up to
Tho morning pres* says the fiua
dltluu In Now York I* greatly relieved, nnd
money la now ready to help tho country to
more crops.
in spite of the weakness In London, there
are a lot of buying orders all over the room.
lo Hteel stork* helping the mar
‘ Jnrft
market situation may Influenee a further
rally, but wo are Inclined to.believe that it
will not be of very long duration nor very
extensive Jo character. Tho advance has
l»een rather rapid, and It would not be sur
prising If the market should undergo n
sharp Mt-hack shortly. The local financial
'situation la better, but there Is still a goml
deal of uneasiness felt in banking circles
lover tho desire of depositors to withdraw
their money. While those silent runs aro
'going on It wonld be too much to expect
any great bull movement In thn market. Ou
to time. For thn moment wn look fur a
rather quiet trading market and would ad
vise tho purchase only of the best mils
when weak for turns. Among the most fa
vorable stock* lo trade In this war would
be the lllll and Itarrlman atock*. Reading
“ *■ ‘hough Smelters also offer*
similar profitable turns on
would advise extra can
opportunity for *1
the lung aide. We
Now Stands at 7 Per Cent.
Bank of France Ad
vanced Rate.
New York. Nov. 7.—An entire absence of
bankers’ conferences Inst night after the
••out In nous series of sessions to which New
York Im* now grown a»fiistomcd, make*
plain, (M nothing else could, tbo conJM"if»‘
felt in itnniiHnl circles in the efficacy «»f
tho nionstirc* devised Slid executed on elec
tion day to put uu end to baukliig troubles
In New York.
Both the trast companies under Mrnlu
have boon put In an impregnable position,
nnd a committee of bankers haa bceu form
ed to Insure their continuing so.. Apprehen
sive depositor* are no longer met with de
lays that provoked suspicion, bnt are being
paid ns rajildly n* tellers can count out the
money. There I* no talk of unmarketable
collateral any more. Such securities hare
boon practically eliminated, either thn* :sb
purchase by “strong Interests" or through
the ending of loans for whmte repayment
they were the guarantee. Undesirable of
ficer* have been weeded out of the banks
and the trust companies. Gold to the
amount of 820.000,000 already Is available,
and n* much more Is on Its way here from
currency ha* materially
. The mar
m to run sway, and the actual
ave plenty of opportunity
during the next sixty days to pica up bar
gains.
In the event of totton opening strong
today, we would sell for a scalp.
The Bank .of England minimum rate of
discount has been raised to 7 per eent. The
London early market for Americana la quiet
but weak.
MONEY AND EXCHANGE.
York, Nov. 7.—Money on end 6@20
loan* firm; sixty-day Mila 12#16.
Tested rates: Hterllng exchange 34.805*
4.8650. with actual business In bunker*’ bill*
at $4.8604.8660 for demand and none for
sixty-day bills.
F.ondon bar i
silver *9%c.
Mexican dollars 4?fcc.
New York Imr
Minimum and
and
NAVAL STORES.
Ipeelal to Tha Georgian.
Havaonah, Ga., Nor. 7.—Turpentine firm
at 45He; kales. 84; receipts 1.229.
Rosin firm; sales, 3.223; receipt*. 3.668;
Maximum T.mp.ratur*. E'S?. 0 ?; «&». w-’ if’Siwi
»d Rainfall. w'SiflWfb't' R W.'sofliS
LIVERPOOL GRAIN MARKET.
Wheat opened 14,0144 lower and at 1:30
i. in. l'.fcl 1 , lower, rioacd 1)401% lower.
Coru opened 440% lower and at 1:30 p. m.
40% lower. I'ltmcd HW4 lower.
chTcago car Tots.
The receipt* ot rraln la car lot* today tad
estimated receipt, for tomorrow arc a* fol
low,:
pound; mixed N -“< -vie pounii: irean wafer
trout, 10c I»und: mullet per bxrraL H.M0
'0.03.
HARDWARE.
WBI.l, Bl"~KETB—UM dotso.
ROPE—Kaalla, l«4*c; Bract, lie; cottaa,
I0r
WIRE—Barb. 3He pound.
p,r,u **"'
^ra* d b»M; cat tt«
k ’l(iilOE^-norae, W.5S04.71 k*$; mal* abora,
l4.2S0*.tt-
ll TrnF-P,lnl*d, e.Mi cedar, n.
to 111 per doten.
IRON—244c pee pound ban; Swede. ,44*
‘’"BUCKETS—Paint. IL7J doxeu; wblt* cp
dir. tbrra boot*. M.K
INTERIOR NOT SUFFERING
A6 MUCH A3 ANXIOU8 8H0RT.
New orleana, Nov. The Tlniea bemo-
ernt: • "Howe strenuous exploitations of
pessimistic rumors was required to check
. — - — • ‘rndency that de
talent generally.
tlnn, that the queer eoufJJet ot
now at work J* not destined to barm
the producer of cotton “early ao much aa
cure the cash wherewithal e#n result In
nothing more subtle than active competition
among sellers to unload on the buyer who Is
fortunate enough to have sufficient coin
of the realm handy. Hut tbe thing Is not
working out that way by any means, lto-
ports from the Interior show conclusively
that bankers prefer to extend old credits
rather than supply the currency necessary
to effect the trausfer of cotton from the
holder to the middlemen. In like manner*
the New Orleans banker stands ready to
nuance spot transactions where clearing
house scrip to Individual checks will pas*
current In payment, but Is In no position
to furnish oath for such purpose#. .’Thus the
lutcrior Is really nqt suffering by reason of
the delay nearly no tuo'di as Is tbe anxious
short who finds himself lu a predicament
because there are large commitments to be
Ailed In November, and tho opening np of
the foreign exchange market on a cash
biolf Is by no mean* yet In Bight."—Hay
ward. Vick it dark.
COTTON YeEeToIL MARKET.
Following Is given the opening and closing
quotations of the New York cotton seed ofi
market:
ATLANTA. * ,
Abilene. . . .
Asheville. . . ,
B Iran "ns ha in* ,*
Bismarck. . .
Boston
Charleston. . .
Charlotte. , ,
Chicago. . . . ,
Cincinnati. . .
Corpus Chrlatl.
Davenport. . .
podge
... Paso. . . .
Fort Hmitb. . .
Galveston. . . ,
Havre
Huron. . . • •
Jacksonville. ,
Jupiter. . . . .
Kansas City. .
Key West. . .
Knoxville. . . .
Macon. . . . .
Memphis. . . .
Meridian. . . .
Miles City. . .
Mobile. . . . .
ittrrv.
New Orleans. .
New York. . .
Norfolk
North Platte. .
Omaha
Palestine. . . .
Pittsburg. . . ,
Portland. Me.
Portland. Ore. .
Hr. f*ouls. . .
Hi. Paul. . . .
Hon Francisco. .
Savannah. . . .
Spokane
Tamps. . . .
Thomsftvfllc. . .
Vicksburg. . . .
Washington. . .
Wilmington. . .
Hmlngti
T. Indicates trace of rain or suow.
J. B. MAHBURY, Section Director.
1
Opening.
November.
I*vf*ember
January.
March.
May.
July. .
HU
IMomh) qnlat.
Atlanta Oil M*rk*t*.
The foHuwiug quotations nre baaed on ac
tual transactions. Prime enide f. o. b.
mill*. November 24; l/ecnnbn 25; Janu
WEATHER FORECAST*
Washington. Nov. 7.—Weather conditions
and general forecast:
The storm of Wednesday morning develop-
I great energy during the day with a
northward movement, and Is central this
morning over eastern New Y'ork. The rein
area for tho day covered tbe Atlantic state*
and lower lake region, and there were
heavy northeasterly galea on the New
England coast aud some moderately high
winds on tbe lower coast. In the interior
of tho country, the weather waa mostly
fair.
It Is considerably cooler In the lower
lskc region, the Ohio valley and tbe sonth,
and generally warmer west of tbe Missis
sippi river.
Tho weather will be fair tonight and
Friday In the east aud noutb, with tem
peratures close to frecslof tonight over the
northern and light to heavy frost over the
southern districts. It will be warmer Fri
day In the Ohio valley ana tbe east gulf
states.
Htorm warning* are displayed on the low
er lakes from Brie to Oswego, and on the
Atlantic coast from Baltimore to Esstport.
Flood warnings have been Issued for the
lower Connecticut river and for the Hud
son river in the vicinity of AlbanyTN. Y\
Forecast until 8 ti. m. Friday: -
Georgia—Fair tonight with frost, mostly
light: Friday fair and warmer; variable
winds.
Virginia—Fair and colder tonight: frees-
Ittg temperature In the mountain districts;
Friday (sir, diminishing westerly winds.
North Carolina and Houth Carolina—Fair
tonight with frost, probably heavy in cen
tral and western port#ns; Friday fair and
warmer; fresh westerly winds, becoming va
riable.
Fas tern Florida—Fair tonight; possibly
tlslit frost In northern nortlou: Fridav fair,
wanner; variable winds.
Western ’ Florida aud Alabama-^Fair and
warmer tonight and Friday; light to fresh
southeast to south winds.
Mississippi—Fair tonight; warmar In
southern portion; Friday fair; light to fresh
southerly winds.
.. • » mount;
warmer except
Eastern Texaa-rair i
PRICE8 WERE IRREGULAR
IN COTTON YARN MARKET.
Now York Commercial: Cotton yarn apln-
ners have now entered the market In search
of new business and tbe price Irregularities
so noticeable during last week have
still farther Increased. The large spit
as a role are atJII holding oat of the mar-
kat, having sufficient orders on thplr,books,
ao It la claimed, to run their plants up to
the end of tho year. Th» advent of the
smaller spinner, however, 111 search of bust-
nesa has still further weakened the situa
tion, aud. aa sellers lu this market express
It, "there does not appear to bo any bot
tom to prices."
Humors of cancellations on piece goods for
next spring delivery are afloat In the mar
ket and are being constantly exaggerated
and distorted In 'passing ' from hand to
hand. Conservative members of tbe trade
in that the cancellations are by no
na ah bad a# reported, and the manner
In which buyers nre holding ou to tbe
good* order* for spring shown that they
still have faith In the market. In the mean
time, however, yarn dealers state that their
stocks are accumulating, aa the weaving
mills, at well as knit goods manufacturers,
are not taking their nsnal supplies of yarn
for this period of the year.
Weaving yarns are weak nnd the quota
tions made are by nn means reliable. In
soma quarters they differ according to the
houses In question anywhere from U to 4c
pound. It all depends on how anxious
dealer Is to make a sale ns to what
price Is quoted. A few well known weaving
mills bare been In tbe market for enpplle*
during tbe past few days and hnve paid
fair prices sa compared with present quota
tion* for tha yarns taken.
Print Cloths Are Quiet.
i» print cloth market waa rather (inlet
_ Monday, due largely to tbo holiday.
Prices on narrow good* remain on a basis
of 5>4c for regular* and 47fcc for 28-Inch 64
by iO. Wide goods are being held at «%c
for 38H-fnch 64x64 and 7%c for 39-Inch 68x71
The mills, however, do not appear to tie
willing- to accept these prices except on
contract* bearing deliveries for next year.
THE METAL MARKET.
Korops.
The premium
fallen off. Yesterday It dropped a full 1 per
cent. Deposit* are coming back to the
bank* anil tbe public I* buying stock# for
cash, thu* releasing a great amount of
hoarded money to the nses for whlcb It in
Indispensable. Altogether financiers felt last
night that they had earned a right to rest.
Kuhn, Loeli Sc <*o. today cujgHged 9500.04>)
additional gold for Import from Kgropc,
making the total for the firm $2.R60.u00.
i Goldman. Haeh* Sc Co. are Importing In
behalf of various banks 8460,000 gold by the
Ntenmnlilp Oceanic, due on Novemlier 14;
8760,000 gold by the Arable, due November 15,
ml 8425.000 by the Kt. Paul, due Novemtitr
rain* ir» iur r»». i uni, mu!
16, iiuiking n total of 91.626,000.
Y’ork, Nov. 7.—The stock market
* Canadian Pa-
New
’*«! «( grai'Tnt drallnra,
line fell .1 iHiliitu, K.iulhcru i-aoinc **d
I'lilnn IUcini: I)., llnltlainrp anil Ohio ami
Hmc-liln* 1 pra rant. Ilondlng -4, I’uppar.
Aiinmndn **ii Htral proforroil 44. »nd Stoat
I'mnmoii 44. I'rain.jrlranln ln*t Grant
Nnrtlu-rn praforrral and Northern I’arltto
oimnnl practlrallr iiiiebaii(»<l.
Kapld Transit opened 14 hlffber. At thn end
of ten minute*' trading tho market iraa Ir
regular.
cloning hid* follow:
Railway Stock, I 1 ,'.'
Atchison '71 3-3
do. preferred .. 33 8-4
Baltimore and Ohio . . 78 3-4
Canadian Pacific 140 3-4
t'hkaito and Northweatem .....133
Colorado Southern 331-3
Denver and Rio Qrandc IS 1-3
Brio 17
Illinois Central
Louisville and N’anhvllle
Manhattan
Mexican Central .. ....
MissouH Pacific
New York Central
Pennsylvania
Readmit
Rock Island ...... ... ..
do. preferred
St. Paul
Southern Pacific
Southern Railway
Union Pacific
do. preferred
Wabash
Interboro-Metro
do. prefeired
Great Northern
Mitcellaneoux.
Amalgamated Copper
American Car and Foundry.. .
American Locomotive.
American Cotton Oil .
American Hmclt. and Kotin..,
do prof
Brooklyn Rapid Trnnalt.. ....
Colorado Fuel and Iron.; .. .
National Biscuit
National Lead
Pacific Mall
People's Gaa
Pressed Bteel Car
Pullman Palace Car... .
Hlosa Sheffield Steel.. ...
Hugar
Tennessee Coal and Iron..
United States Bteel
do pref
Western Union .
Mackay Companies. .. .
VlrBinla-Carolina Chem..
..133
.. >4 1-2
..108
.. 14
.. 531-4
.. 971-3
. .107 7-R
.. 70 8-8
U 131-8
.. 34 3-4
..1017-8
.. *7
.. 111-4
..100 7-8
.'. 30
91-8
5 3-8
.. 17
..1133-4
.. 481-8
.. 361-4
.. 391-8
33 t-4
001-3
17
... 311-3
.. 17
.. 011-3
.. 38 1-8
.. 31
.. 741-3
.. 101-3
..133
.. SB 1-3
..103 5-8
..101
.. 34
.. S3 7-8
THE LONDON STOCK MARKET.
linn
Atchison
do, preferred
New York. Nor. 7.—The meUI market wn
iinchinted for tin, lead aod spelter.
Friday fair and colder tn north wet portion.
’ ■ “ *—■' —'herly wind* on thoroaot.
Fair tonight; warmer la
H#*#mi%ri.fie.. want
Dearer and Itlo Grande
do, preferred
Erl* '.
do. flr»t preferred .. ..
do, second preferred ..
Illinois Cenfral
i Kansas and Texas.. .. ..
do, preferred
Louisville nud Nashville ..
Norfolk iiul Western .. ..
Northern Pacific
New York Central
New York. Ontario aud West..
Philadelphia and Keadlu
■lo, first preferred .. .
do. second preferred ,
Hock Island
. — . .Houthern Railway .. .. .
fair and colder. I do. preferred
Arkansas-Fair and warmer tonlfiht: Frl- Southern Pacific .. ..
eslem Texal
southeast portion; Friday fair.
Oklahoma ami Indian Territory-Fair to-
nitkt; colder In western portion: Friday
■lay showers.
4%
SA
CAFIT4
40/
H 0
UNION
VINGS B/
Could BuNdlng
L STOCK . . . SI00.
RESOURCES
S2SO.OOO.OO
4° 0
INK
>00.00
4%
fit. Paul
Union Pacific .. ..
United .States Steel
do, preferred .,
i
MINING 8T0CKS.
Coalition 1544: Old Dominion
M; Trinity 1114: Graene-Cananra «: Frank
lin 7%: Hah 34: Allouei 23: Shannon V*»:
Michigan 94i: Wyandotte 50.
Atlanta National Bank
ATLANTA, GA.
C. E. CURRIER, President. H. T. INMAN, Vice-President.
GEO. R. DONOVAN,Cashier.
JAMES 8. FLOYD, Assistant Cashier.
Capital $500,000.00
Surplus and Undivided Profits
We Solicit Your Patronage.
t.