Newspaper Page Text
.THE ATLANTA GEORGIAN AND NEWS.
Slump Was Ignored in New
York, Opening Prices
Showing Advances.
TONE WAS FIRM EARLY
Pennsylvania Was Strong
est, Showing Over One
Point Advance.
ao cloae to forecasts that It had little ef
fect on the Hat. After the call December
and January showed n little weakness, re-
“ “ ' i large amount of cotton
way here or about to
York to be delivered
Promptly at 10 o'clock the censua bureau
report of the amount of cotton ginned up
to November 1 wan made public.
It stated that 6,167,000 bales hart been gin*
nedjgfygalnst 6,006,305 Inst year and 6,457,596
Following la the censua bureau report on
the amouut of cotton ginned to November
1 by states, doubting round as half bales:
Active
Ginneries
Buies. /Reporting.
STATE.
Alabama
Arkansas
Florida
Georgia
Indian Territory
at*
M
111,750
494
277,586
129,485
11,589
326.437
179.145
733,043
109.225
Mississippi .. ..
Missouri
North Carolina «
Oklahoma .. ..
Mouth Carolina ..
Tennessee ., ..
Texas l,5i».4W 342K
Virginia 2.349 76
United States 6,167,600 26.135
These figures are bullish, and under not*
tual contritions would have been so iron*
ntrued. but as sentiment at the moment Is
ttearlsb, the report bad a contrary effect on
prices, and Instead of an advance a sharp
slump followed Its publication. It Is claim
ed by the trade the report was so near ex-
S station*—the lending bear coming within
,000 of naming the actual figures—that It
could have no other than a beariah effect.
Liverpool waa steady at the close, net 4%0
7 points lower, final figures being slightly
shove the bottom.
New York opened unchanged to 4 points
lower, first price for December being 10.61.
but Immediately started downward, selling
at 10.45 during the morning session.
January .was unchanged at the oponlm?
at 10.20, the highest of the morning,
sold off “ “ “ * "
to 10.10.
At the close the tone waa Steady net 9 to
21 points lower.
Weekly Interior movement
NOTES ON GRAIN
Pointers on Provisions.
Special to The Georgian.
(From Hayward, Vick & Clark.)
New York, Nov. 8.—J. 8. Bachc ft Co.:
Liverpool cables wore due 214 to 4 points
lower on near and 1 to 3 points lower ou
distant positions. Opened steady at 6 points
decline. At 12:15 p. m. was onlet, net 5*4 to
7 points lower ou near and 814 to 5% lower
on distant positions. Spot cotton quieter
at t points lower; middling uplands 5.91d:
sales 8,000, American 7.700; speculation and
export 600, Imports 15,000. Including 9,000
American. Tenders of new docket 4,000.
Liverpool comes a little lower. There Is
little sustaining power to the market. An
other failure or large cotton announced yes
terday. We long for nulet heavy market
this morning ana would onlr buy on dips
for turns. Dinners’ report due on opeulug
today.
Glnnera about as expected. Market looks
tired under Influence of continued dlsturbiu
news. Think It will go lower today. Will
street Interests selling.
Cotton weak on lack of demand. Springs
and commission houses selling.
Following are 11 n. in. bids: December
10.50, January 10.10, March 10.15, May 10.19.
support.
A private telegram received at the cot-
tou exchange from Charlotte, NV C., gays:
“Six hundred thousand spindles going to
stop night work ou two days every week:
330 bales sold here at 10c. Farmers uneasy.
New Orleans, Nov. 8.—Hayward, Vick ft
Clark: Papers say banks In the North and
West are discouraging hull speculation of
any kind. Wheat suffered. Depression In
consequence and cotton is expected to fol
low.
Census saya ginners 6.167,000. People ex
pect a further report saying soma counties
missing, and say It Is bearish.
Government says census complete. Be-
ort shows 6,167.000, which makes It ra
•ullfsb. and market should do better.
Census is bullish. Shows 215,000 less ginned
in the last period than last year. Smalt
op views fully confirmed. Think shorts
>d scalpers will cover and cause some
ditag
yesterday.
Selling for New York account breaking
Receipts ..
Shipments
Stocks
1907. 1906. 1905.
213.019 324,381 280,898
195.295 264.646 226.034
Movement Into sight:
1907.
overland, week .. 26,301
Since Sept. 1 91.572
on? siii r? 1?A r-ji iir. nuuivi, aim iu mi iiunriini
.397,804 437.1*0 5o0,13>* , tl thr , 1<nregt pr | CM that yarn teller* are
1906.
#.674
149,917
58,000 60,000 60,000
faturrisy ......
Monday
Tuesday
Wednesday ...
Thursday
Friday
Sept.
1S07.
THC 1
65,429
56.602
85.335
49,815
41,080
70.442
73,762
97,gO
4fcttd
• 68,869
:WM23
2.375.204
420.958
3.006.382
WEAVERS' SUPPLIES LOW;
WILL SOON BE IN MARKET.
The New York Commercial: The break
Jiused by the holiday this week has resulted
In even a smaller business talng secured
by cotton yarn dealers In this market. Busi
ness has opeued up after the holiday with
prices weak and buyers showing little In
terest In the offers which are being made.
There la a fair amount of business being
put through ou sikiIsI yarns for Immediate
and future delivery, but on the regular
counts the amount of business secured foots
up only a small total.
Reports and rumors are current to 4he
effect that some of the large weavlug
plants will shortly be iu the market for
.supplies as they hare orders- on their books
for the finished goods which will shortly
fall due and have practically used up their
supplies of yarns, on the other hand, coy-
tracts which dealers madn with spinners at
higher prices are now falliug due, and as
the spinners are llTlng up to their con
tracts the dealer Is compelled to accept
deliveries, while at. the same time ho Is not
finding a market for these yarns as he ex
pected to, when the yarns were contracted
for. ^
In the knitting yarn division of the mur
prices are weak and little new business
jfng booked. The delay fn opening the
‘ ‘ “ sis for fall of 1908 nnd
tlonal orders for next
In knit goods
ling off the nisrket on
will not pnrehase any aum-
r , until these supplies are ac
tually wanted, and refuse to be Interested
Estimated receipts Saturday:
’ 1907. .
New Orleana ....10,000 to 12.500
Galveston 13,500 to 15,500
Houston 7,000 to 9,000
1906.1
16,1411
2M|6
15,106
SPOT COTTON MARKET.
Liverpool, easier: middling 5.91.
Atlanta. Arm; middling 10 9-16.
New Orleans, firm; middling 10*4.
New York, steady: middling 10.80.
Savannah, dull; middling 105-16.
Augusts, steady; middling 1013-16.
Moolis, steady; middling 10*4.
C harleston, steady; middling 10(4.
nimlngton. steady; middling 10 7-16.
Baltimore, nominal; middling 1074.
ncio
Boston, steady: middling 10JO.
Memphis, quiet; middling 1084. *
Philadelphia, steady; middling 11.(6.
ng 1074c.
Norfolk, steady: middling 10%. ^
Galveston, quiet; middling 111-16.
TODAY'S PORT RECEIPTS.
.The following table ahowa receipt! at the
torta today, compared with tbs tame day
fast year;
INTERIOR RECEIPTS.
The following table ahowa recelpta In the
Interior today, compared with the same day
last year.
HAYWARD, VICK A CLARK'S
DAILY COTTON LETTER.
New York, Nov. Although the glnnera’
report waa bullish, being 4,167,000. agalnat
6.906.000 laat year, tbla did not prevent a
decline right at the opening which carried
the near montha close to 10c again. The
feeling was pessimistic and traders switch
ed to the bear side on the appearance of
liquidation. Banking conditions, South and
Kouthwrat, are under great strata, money
collections are very alow and this Interferes
with the natural movement of commodities.
Receipts therefore ebow a falling off all
around. The detailed flgurea by states of
the glnnera’ report show a falling off In
Texas of over 1,900,000 bales, aa compered
with last year. We look for feverish mar
ket with tbo outlook for higher prices very
uncertain.
Print Cloth Market Quiet.
Some offers arc being made for regulars
at 5V4C Iu tills-, market, but the buying
is not active. Prices are on a lower basis
for narrow aud wide cloths. On 28-lncb 64
by 69f. 474c Is tbo price tinnied, but some
mills nro said to he-taking 4%c, while for
next year’s deliveries somewhat lower prices
are obtainable. Buyers are paying 8j&c In
some esses for 27-lneb 56 by 56, widen is a
drop of about *4c per yard from prices
noted during the latter r _ “* A "
Tide goods are being held <
for 38%-lneh and 30-Inch 68 by 72 at 77
with the market decidedly dull.
ATLANTA MARKETS.
WiOB—flcior, «t.
LIVE POULTRY—Tlena dull. 40 cent*;
chickens, fries, 22%0O)c. Ducks, Pekin, 25c
each; puddle, 30c each. Turkeys active, 15#
*Tj|||?8§ED POn.TnT-Tart.Tr drawn.
R etire, *0c pound; trie, active. 20C22Hc lb.-
enr lie pound; dock,, drawn, nncT. U<
pound.
PRODUCE—I-nrd, lie pound: ham, netlrr
lie pound: .boulder, active. lOflllr pound;
ildra active, lie pound; butter. UfiUe per
B land: beeawai active. ISc pound; bone;
right) active. 18c pound.'
FRUITS AND NUTS—Citron, 51c pound:
almonda, It Vic pound; Itraall, lie jiound;
Filberts. 13Vic pouud; English walnuts, lie
lb. Pecans, lie pound. Lemon peel, llVie lb.
Orange peel, lTVic it.. Lemons, fancy MM-
sens. J3.71S4.0O: bananas, 3Vic lb.: limes,
Florida stock, 75c 100. Peauntaln sucks aver-
seine 100 pounds each, owing tn grade.
0Vi**c per pound. Florida oranges, 34.00;
drti-d apples, lSClJVic; dried peaebea. llVie.
Figs. *£» box? It.ts., 1-lb. package. 7V4c. L,
L. Raisins. 32.00 box. drapes. Concord., i-
pound bocket, 20c; Niagara, 22VJo; Inna-
ware, 23c. Malaga per keg. 35.00igo). Ap
ples. Virginia. tf ob; New Vork, lS.G<>fl«.00.
VEOETAIILEE—Potatoes per tinshel 31.10.
•Wert potatoes. OOflOOe. Onions, 31.10 bn-li.;
Spanish. 31.50 crate: kranr -A barral. I3.7S:
Danish. IVi. fclerv. COflOOc a bunch; per
crate, 4 to (Vi donen, 14.75. ('minitower, 10O
12Vic pound. Lettuce, 32.25432.50 par crate.
Turnip.. Hie pound. Florid, squash. 32.00
crate; Florid* beans, 31.30 crate: Florida
cucumbers: 12^0 crate.
GROCE, i, £8.
RICB-Iip. SVi cent.; bead, «C7e; fancy
sad. TOTHe. according to tb, grade.
CnEESE—Fancy fun cream, lie; Georgia
ran. ayrup. »7e gallon; nit. 100 ponndi. JOf,
■xl. gain 11.71; sods crackers, (tie pound;
lemon. Ic: oyotor. Te; barral randy, par
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively’* twenty-lira
yearn* experience of ed
iting markets In Atlanta
and the South has made
him a recognized au
thority Id hla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
amai. Copper. ....
Am. Ice Securities. • .
Am. Sugar Beflnery. .
American Smelting. .
Am. Locomtive. . • .
do. preferred. • •.
Am. Car Foundry. . .
American Cotton OU..
Anaconda .
Atchison .
.do. preferred. . . .
Atlantic C. Line. . •. .
Brooklyn Rapid T. . .
Baltimore X Ohio.
ke ft Okie
i Pacific. .
- - A Alton. • . .
~~..«olldated Gai. . • •
Central Leather. . . .
„ do. preferred. . . .
Colorado Fuel ft Iron.
Corn Produce. ...
Colorado Southern. •.
Delaware ft Hudson. .
Denver ft illo Grande.
Distillers' Securities..
Erie
„ do. preferred. . . .
General Electric. . . .
Great Western
Northern pfd. .
Illinois Central
Interbore. ......
_ do. preferred. . . .
Kansas ft Texas. . . .
’ ;
24(4
m
.mi
24V*
NAME OF STOCK.
Kansas X Texts pfd.......
Louisville ft NaahvlUe. . . . . .
Missouri raclfle. ... 7 ... .
Mexican Central . .
New York Central
Northwestern
National Lead.
Norfolk ft Weatern. .......
Northern Pacific. ........
Ontario ft Western. .......
Pennsylvania
Pacific Mall
People’s Gas Co
Pressed Steel Car.
Beading, . . .
Bock Island.
do. preferred
Republic Iron ft Steel
do. preferred
Southern Pacific
Southern Railway
do. preferred
St. Pam.
Tenn. Coal ft Iron
Texas Pacific
Union Pacific
U. 8. Rubber
do. preferred
U. K Steel
do. preferred.
Weatern Union
Wabash. . . .
do. preferred
Wisconsin Central
do. preferred
Total stock sales today' 449,600 shares. *Ex-dlvldend 1% per rent.
NEW YORK.
Following Is the range .In cotton futnret In
New York today
K’ov.. .
Dec.. .
Jan.. .
Feb.. .
March. .
April. .
May.
June. .
July.
Closed steady.
la i I 13
110.12-20
10.42-43
10.074 -
10.11-13
,10.14-15
I'M' 17
10.17-18
10.19- 30
10.19- 21
10.33-3$
10.63-64
10.20-21
10.22-24
10.25-26
10.27- 29
10.29-30
10.28- 30
10.28- 29
LIVERPOOL.
Following figures give the opening range,
2 n. ui. and close, compared with yesterday:
Future* opened easier.
Nov.-Dee.... 5.60 -o.69 5.59 6.58% 5.®V
Dec.-Jan 5.58 -5.69 5.59% 5.58 4 5.65
Jan.-Feb 5.59 , 5.69% 6.68% 5.65
Fob.-March., 6.60 5.#) 6.o9 6.6.1
March-April. 5.60 -5.60% 5.61 B»% £.65
April-May.... 5.62 5.61 6.60 ».•»'/
May-June.... 5.60 -5.61% 2.62 6.60% 5.65^
Juno-Julv.... 5.62 5.<>2 5.60% .».6oV]
July-Aug.... 5.58 -5.60% 5-61 5.69% 2.64
Closed steady.
NEW
Following Is tfa
New Orleans to<!
ORLEA
NS.
ton futnret In
e range to eo
»y:
!
t
i
li
i
11
Star
Dec
Jnn
Feb
March. . .
April. . . .
Ms.v. . . .
June. . . .
Jtll.v, .- . .
lbl'iiolso
10.2610.27
lbl&ibiso
iblsoiois*
l’o! 37110.37
io.if
10.15
io!is
WM
ibise
10.19
ibisi
iiui
ioise
10.21-22
10.19- 20
10.20- 22
I-.'.' 24
10.24-26
10.80-31
10.31-32
10.38-37
10.40
10.33- 34
10.29-30
10.2941
10.33- 35
lft.38-39
10.89-41
10.43 45
Closed steady.
NEWS AND GOSSIP
Of the Fleecy Staple.
(From Hayward, Vick ft Clark.)
Chicago, Nov. 8.—Bartlett, Frasier ft Car
rington: The foreign news la bullish In Its
come and until wo are more certain we
would not udvlse large commitments ou
cither sldo of the market.
Receipts of coarse grains arc very small,
but the demand also Is limited. There are
some signs of n better Eastern demand,
wing to stocks running very low.
Crowd selling wheat on 3:15 p. m. Liver
pool. 2% to 3%d lower.
Chicago Record-Herald: "I think w« can
buy plenty of hogs this winter at 4c,” said
’. Ogden Armour. ‘'All this lire stock has
ot to sell very much'lower. We must get
Jown to n basis where living will be more
economical. Everything has neon ou a very
high scale, nnd 1'think llvr>stock.Mn par*
tleiflsr must sell lower. ThW ’ will'ulti
mately reflect Itself to the consumer. The
farmer Is the fellow who has been getting
the high prices for his product, and ho
will have to be satisfied to sell them on u
cry much lower basis, fn my opinion.”
Mall advleea to receivers from Iowa and
Illinois grain dealers Indicate that the re
cent decline In prices and the resort to
clearing house certificates has combined to
make very small offerings of grain from
the farmer. The latter Is In position to
hold his grain, and’thus far has preferred
to do so. A number of receiving houses
hnro received not s single, notlco of grain
consignments yesterday.
Winnipeg's weakness In wheat la haring
considerable effect not onlv on the north
west trade, but here anu In Europe as
well. The decline shows that tho grain
Is now pressing on the buyer. A short
time since the conditions were precisely
the reverse. There Is such a large propor
tion of low grade wheat In the Canadian
northwest that It la likely td be 1 pretty
effective price maker for some time.
OPENING WAS LOWER,
BUT SOONJECOVERED
After Demand From Shorts
Was Filled Wheat
Broke Sharply.
Chicago. Nov. 8.—Wheat opened %c lower,
illled Immediately to %0%
the jlemnnd
over last
for shorts
filled a quick break of l%c from the
top prices occurred and at the end of the
first hour's trading prices were about 1c
under yesterday. Lomlqn, Budapest and
'Berlin markets were all sharply lower.
Wheat closed % to %c off to %c up for the
day. Corn was %<*1%e lower. Oats were
%$»•%« lower. Fork was 2% to 6c off. Lord
5 to 10c up, and ribs 2%c better.
CHICAGO GRAIN MARKET.
WEATHER REPORT.
WEATHER CONDITIONS.
With the exception of a small area Iu the
western lake region ami the upper Missis
sippi valley, there has been a general In-
crease In air pressure over the entire coun
try In the last 24 hours. The storm that
was centered over New York yesterday has
moved out to the northeast nnd today Its
southern border Is moving off the eoaat of
Maine. The southern area of high pressure
has moved east and Is uow centered over
southern Georgia, while the northwestern
high urea has Increased In energy and ex
tent. Today Its center la near Bpokane.
Mash., with Its crest extending southeast
lutn Kansas. Cloudiness covers the Ohio
valley aud the eastern lake region and the
rains of the Inst 24 hours have been confined
to those districts. I^rncr temperatures are
The conditions favor fair weati
section tonight and Saturday; somewhat
cooler by Kn turd ay night.
Minimum and Maximum Temperature*
and Rainfall.
TIPS FLASHED
From Wall Street.
Special to Tho Georgian.
"N#ir"~w. * ”■
Americans fn London''are' mostly below
parity. 8t. Paul. Canadian Pacific, Now
lork Central, Pennsylvania and Norfolk
and Weatern are tho exceptions and are
frequently higher.
Copper weak. Amalgamated off %. Cop
per metal weak.
The selling of Steel bonds during the day
waa primarily the cause for the weakuess
In these stocks and general list toward the
close. The selling Is supposedly tho bonds
received In exchange for Tennessee Coal
and Iron stock, as they were easily mar
ketable In direct contrast to the stock of
Tennessee Coal and Iron. The reaction was
quits orderly and no great anxiety mani
fested. A hardening of the market should
come today after some Irregularity In early
trading. The heavy gold arrival* will begin
to play a part In the situation.
Consolidated Uaa Is showing effects of
the expected adverse decision to 80c gas.
The matter rests on what can be ealled
confiscation and the, company'a main con
tention waa that the 80c rate was practi
cally confiscation. ’
acts better In view
financial situation.
weak again. The standard rails, __
other hand, are showing reslatsuce. Con
solldsted Gas continue* strong and could
be easily advanced.
Town Topic*: The foreign situation will
likely lead to more selling this morning, nnd
we look for lower prices In flic early trad
ing. At tho Mine time banking support
will be forthcoming to prevent any nctual
demoralisation. As the short Interext Is
now somewhat extended, we look for n
rather sharp rally before the close. Couse-
believe It advisable to buy the
_ the rails on the moderate decline for
turns. In this connection we particularly
recommend Union Pacific, Rending aud the
Hill Issues. American Smelting, In view of
yesterday’s decline, also affords nn oppor
tunity for profitable operations on the loug
side. We expect further foreign liquida
tion In Canadian Pacific, which Is destined
to sell considerably lower, as It is still out
of line with securities of at least as great
merit. The short side of this stock, how
ever. Is quite dangerous, as past history
has proved. Conditions In the Interior are
still grave and Increasing bank rates abroad
are likely ns long as our gold demand con
tinues. which will still further complicate
affairs In tturope. Until the financial situa
tion becomes clearer nothing better than a
trading market eau reasonably l»e hoped for.
and we recommer -——*-• **— *- •—
lug when the n
moderate profits.
There Is nothing In the cotton situation
t4i warrant us In looking for any advance
Buy wheat for turns on the breaks.
The Iaondon early market for Americana
fa quiet, with (’nnadlnn Pacific 74 higher.
LONDON STOCK MARKET.
STOCKS—
Chicago grata a ad provision quotations
for today uru aa follows, compared with
yesterday’s close:
Prt
Open. nigh. Low. Closo. »
COTTON SEED OIL MARKET.
November.
Pfcambar. ,
January. .
March. . .
May. . . .
July.
iy- - •
’losed I
firm, bales 8,
40u. Crude <
: pounds. RO ,—_ _ r —_—
navy beans, ftlO; Urn* beans, 7c; beat
matches par gross. |L«: macaroni. 4%#7c
pound: sardines, mustard. 13.60 esse.
SUGAR—Standard granulated 1.20: New
T &F7H£h£M»L , W bn,3
lfc noun,!: baking pnwlrr. L> <■««•; rad
ralrano. 35 ra,.: |.tnk ulmnn. tl!' mu:
cocoa. 45c: chocolate. 4344c; «nn(f, l lh J.r.,
43c; roa.t braf. 310 raw: .Imp (New Or
Inna). *c gallon: com. 10c (.(Ion; poUal
J3.S4M.40 raw; prapoto. It: rope. 4-ply cot
ton. fTUe; onan. tl.IMM rare.
CANDT—Stick, nraorted (44c pound; .tick
tiaortc.l. (44c prfand: f.ncj (Mortert. poll.
(He; chocolate dron*. palta. W4e; Elk. a.
•ortad. ten hoxra 15.(0.
FLOUR AND GRAtN.
FLOrR—Hlxhrat potont. S&K0; brat pat.
it. g.]l; .tt.d«rd patent. »-B0: half pat.
it. 15.15: .prinx whet patent, 3(25.
CORN—So. S white, ISc: choice white. 34c.
Mixed, «c. Cracked com, M-pound nek.
^CHICKEN FEED—Fifty-pound aacka. J1-,
Pnrtna chick feed. ILK.
OATS—No. 2 white. (4c: No. 2 rolaad. (te;
Golden rata. Cc; white clipped, tie
MEAL—Plain. *(-pound neha. Be; 43-
pound aacka. (5c; plain, 24-pound ncka, ISc;
’’haV—Tlmolby. choice Urn balei, 81.33;
do., choice email halce, 31.20; No. 1, one-
third bales, 81.15; No. 2, one-third bales,
HAYWARD, VICK & CLARK,
COTTON, STOCK8, BONDS, COFFEE, GRAIN AND PROVI8ION&
Carond.l.t and Gravl.r 8t.. f N.w Orl.ain.
MEMBERS:
New Orleans Future Brokers* Association,
New Orient,* snd Cblcsro Boards of l’rada,
NOW York Coffee Exchange.
Suasion Colton Exchange,' Associate Members Liverpool Cotton Ass m
Now York and Chicago Correspondent*:
J. ft. BACHE A CO., AND BARTLETT, FRAZIER A CARRINflff'ON,
PRIVATE Winsa TO ALL POINTS.
Atlanta Oil Markets.
The following quotations are based on _
tnnl transactions: Prime crude, f. o. b.
mills. November 23%, December 25, Janu
ary 25%.
THE COFFEE MARKET.
msraet for today:
January .. ..
February .. ..
March
April
May .. .. ..
June
July
August
September .. .
October
November .. ..
December .. ..
Closed steady.
Opening
Ranaa.
, .5.85-5.45
6.46-5.50
5.50-5.65
5.85-5.60
ft.l9-6.70
5.65-5.70
ft. 75-6.80
6.90-5.85
5.85-5.90
3.90-5.95
5.255.35
6.86-5.40
Bales 38,50ft bags.
Close. ■
6.46-6.60
Kill
5.60-5.651
5.65-5.70
6.70-5.75
5.75-5.80
5.8041.83
6.854.90
6.904.96
6.954.00
6.804.35
5.404.45
SENTIMENT WAS BEARI8H
ON FUTURES WEDNESDAY.
New Orleans, Nov. 8.—The Timea-Demo-
crat saya: “Yesterday's cotton market re
flected much professional bearish sentiment.
There were more rumors of financial trou
bles. Big concerns with discounts maturing
were experiencing difficulty in securing ex
tensions. Both London ami Paris raised
their bank discount rates. New York bears
were reported calling original margins as
was on a boom. F. n. b. offerings from
the Interior were few and far between lie-i
cause the lack of cash throttled such busi
ness at Its source. Hlmllar conditions ex
isted at all Southern ports, consequently ex
porters seut buying order* to New Orleans,
where spirt cotton might be seenred In ex-
i liauge for bank checks. Locally factors'
I tables were swept clean. Here Is the ques
tion: What will the spot short do when
port stocks of nnsold cotton are exhausted?
Generally speaking, the situation underwent
no change of consequence, though operators
rerogulsed the advantage to the beer that
would follow a spread or the practice nail-
tt
Ui
96
SWi
w
%
95%
90%
100
95%
."88
58
53%
89%
58*4
|»
56%
58
46%
47*fc
51
46%
II
ft
18.37% 13.17%
13.77% 13.52%
July
OATS
Dec
May....
July
PORK—
Jan... 13.20
May... 13.55
LARD-
Nov 8.20 8.12%
Jan.... 7.97% 8.10 7.97% 8 - ontl
^Ml 8.17% 8.06 8
Jan... 7.02% 7.15 7.00 7
May... 7.30 7.37% 7.27% 7
CORN YIELD ESTIMATED
AT 2,553,732,000 BUSHELS.
Washington. Nov. 8.—The agricultural de
partment today announced that the prelim
inary returns for the production of corn iu
1907 Indicate a total yield of about 2,653,732.-
000 bushels, or an average of 26 bushels per
acre, as compare4l with an average yield of
30.3 bushels per acre—2.927,416,000 bushels—
its dually estimated In 1900, 28.28 bushels In
1905, and a ten-year average of 25.4 bushels.
The general- average as t«* quantity Is 82.2
per cent, as compared with
90.6 In 1905 and 96.2 In 1904.
It is estimated that 130,990,000 bushels of
the corn crop of 1906 was still Iu the
yield per acre of totNicco la 158.3 poumi.
per acre, aa compared with the final eatl
mate of 677.3 potiuds ill 19)6. Tbo total pro
duction of 645.213,900 pounds Is thus Indi
cated, jis compared with 682,429,000 pounds
flnally'estluiateij In 1906.
THE LIVE STOCK MARKET.
Chicago, Nor. 8.—Hogs— Recelpta 18,03ft.
Market dull to 10c lowor; light hogs 84.704?
5.15; mixed $4.7066.25; heavy 84.4005 50;
roujh^ M.6604.80; pigs $3.7504-65; yorkcra
Cattle—Receipts 2,00ft. Market steady;
lieeres $3.5004.15; cows “ “
$5.5007.50; Texas steers ..
cattle $305.40; stockera and feeders $2,401?
4.60.
Mheep—Recelpta 6,000. Market weak
tlvew b.4006,15; western $2.8005.99; year
Hnqa $305.70; lac *
06.70.
; lambs $4.2606.18; western $4.25
CHICAGO CAR L0T8.
| Today.
Tomorrow.
Wheat
Corn.
Oats
Hogs. head. ......
36
67
82 •
18.000
37 a
79
111
13,000 e
ward.
ft Clark.
no; No. : pw la*. CIM; hall, par ton,
PROVISIONS.
PBOVISIONR-Soprra. ham-. Ke; M
lira, ponna, *Tjrap>. l«; f.t Ui-kj.
Tb. raralpto of (rain In rar lot. today end
ratlmatod rocctpti for tomorrow arc aa fol
io wa:
LIVERPOOL GRAIN MARKET.
n iimi o|R>nei hi iowit bihi be n.
%01% lower. Close 1%01% lower.
Coru opened % lower ami at l::n p.
40% lower. Closed %0% lower.
THE SUGAR MARKET.
New York, Nov. 8.—The local refined and
raw sugar market steady and unchanged,
leondon beet sugar market quiet and easier
NAVAL STORE8.
,'Msx.i Mln.j Ilsln
ATLANTA. . . .
Abilene
Amarillo^. . . .
Asheville. . . .
Augusts. . . .
Birmingham. . .
Bismarck. . . .
Boston
Buffalo
Charleston. . .
Charlotte
Chicago. , . , ,
Cincinnati. . . .
Corpus Christ I. ,
Davenport. . . .
Dodge
F.l Paso
Fort Hmltb. . .
Galveston. . . ,
Havre. . . . , .
Ffuron. . . . . .
Jacksonville. . .
Jupiter
Kansas City. . .
Key West. . , .
Knoxville. . . .
Macon
Memphis. . , , ,
Meridian
Mobile
Montgomery. . .
Nashville
New Orleans. .
New York. , . .
Norfolk
North Platte. .
Omaha. . , , . .
Palestine. . . .
Pittsburg. . . .
Portland, Me. . ,
Portland, Ore. .
Ht. (.mils. . . .
Ht. Paul
Han Francisco. ,
Havannah
Spokane
Tampa
Thomssvllle. , .
Vicksburg. . . .
Washington. . .
Anaconda ,. ..
Amslgiquated Copper
Atchtsoii
do, preferred
Baltimore and Ohio
Chesapeake and Ohio
ago and Jlreut Western.
laian Pacific
Denver and Rio Grande .. .
n, preferred
Erie
o, first preferred
uo. second preferred .. ..
Illinois Central
Kansas and Texas
do, preferred
Louisville ami Nashville .. ..
Mexicou Central
Norfolk and Western
Northern Pacific
New York Central
N. Y.. Ontario and Western .
Rock Island
Southern Hull way ..
do, preferred ..
Southern Pacific ..
Ht. Paul
Union Pacific .. ..
United States Steel
do. preferred .. .
Wabash ..
do, preferred .. .,
S3
as
99%
ui*» iii”
Figures at 6,167,000 Were
Very Close to General
Expectations.
DECLINED 16 POINTS
December to 10.45 and Jan
uary 10.04—Trade
Active. ;
of Germany nml the National Bauk of Bel
gium. the stfM-k market Iu New York waa
remarkably strong, considering the condi
tion* locally. Very few stocks declined, nnd
the break In Amalgamated was so small n*
to be unimportant In view of the precarious
condition. Wheat opened practically un
changed.
On til** stock market the bonds of Morse’s
Consolidated Htenmsnip Company establish
ed n new low record nt 8**. •
Closing bids follow:
Railway Stocks
Atchison 73
do pref 83
Baltimore and Ohio.. ..
Canadian Pacific
Chicago nnd Northwestern
Denver and Rio Grande..
Erie
Illinois Central
Louisville and Nashville.*..
Manhattan “L”
Mexican Centra!
Missouri pftctflc
New York Central
Pennsylvania
Reading
Rock Island
8t. Paul ...
Southern Pacific
Southern Pacific
Union Pacific. .
do pref...
Wabash 9 1-4
Interboro-Merto. .11-2
do pref 17
Grout Northern 113 3-4
Miscellaneous.
Amalgamated Copper 48 3-4
American Cur and Foundry .... 26 3-4
American Locomotive 39
American Tobacco 66
American Cotton Oil 23
American Smelting and Refining 66 3-4
do. preferred 88 1-8
Brooklyn Rapid Transit .. ..
Colorado Fuel and Iron .. ..
International Paper
National Biscuit
National Lead
People’s Goa
Pressed Steel Car
Hloss-Hheffleld Steel
Sugar v
United States Steel
do. preferred .. j
Mack ay Companies
do. preferred ../ ^ .
Virginia-Carolina 'Chemical..
.. 801-2
. ..144
..133
.. 17 2-8
. .. 541-2
... 98 1-4
..110
. .. 78 1-2
... 13 6-8
....102 7-8
.. . 67 1-2
.... 12 3-8
....111 1-4
.. 80
16 3-4
.103 5-8
. 24 1-2
. 84 1-4
MINING STOCKS.
MONEY AND EXCHANGE.
day
Posted rates: Hteriing exchange
4.8650, with actual business In tankers’ MIL
at 84.862S04.M50 for demand aud nono for
sixty-day bills.
Prime mercantile paper nominal at 7010
per rent.
London tar silver 27 3 l6d. New York bar
silver 68%c.
Mexican dollars 47c.
amountTnto SIGHT
SHOW8 HEAVY DECREASE.
tendent King, of the New
rdlug i
York i
H|»e«-lsl to The Georgian.
Havannah. Nov. 8.—TurpeuUne firm at
44%045; Mlea none: recelpta 1.657.
Resin firm; rales 2.942; recelpta 3.502; win-
Wilmington.
T. ImUrstes trace of rain or snow.
J. II. MARBURY, Section Director.
WEATHER FOUKCAjT.
Washington. Nor. 8.—Weather conditions
and general forecast:
Two fresh depressions over the Ohio val
the northeastward, and i«r ■ r.u■ i um ofpii
a continuance of the unsettled weather over
the northern districts east of the Missis
sippi river. Elsewhere fair weather
the northwest and extreme central west.
There will be local ralos this afternoon
and tonight In the lower lake region, Ohio
~ alley and the middle Atlantic states, fol*
•wed by generally fair weather.
In the south, fair weather will continue,
with higher temperature In the south Atlan
tic states:
Forecast until 8 p. m. Saturday:
Georgia—Pair tonight; warmer In southern
and, eastern portions; Haturday fair; varia
ble winds.
North Carolina and South Carolina—Fair
Eastern Florida—Fair tonight; warmer tn
•ntral and eastern portions; Haturday fair;
Igbt to fresh northeasterly winds.
Western Florida—Fair tonight and Satur-
iy; light southeast to south winds.
Alabama—Fair tonight; wanner In south
east portion; Haturday retr; light to fresh
southwesterly winds.
Mississippi—Fair tonight and Ratorday;
light to fresh southerly wind* on the
coast.
Kentucky—Partly cloudy and colder to-
night aud Haturday.
Tenneasee-Partly clondy: colder In weat
ern portion tonight; Hatnrday partly cloudy
and colder.
IxMilsIana— Fair tonight; ftatnrday fair and
cohbr In northern portion; light to fresh
southerly winds on the coast.
Eastern Texas—Fair tonight; colder In
northern portion; Haturday fair and colder
In kouthern nnd uortbrast portion; light to
fresh south to west winds ou the coast.
^ Weatern Texas—Fair tonight and Batur-
Oklahoma aud Indian Territory—Fair and
colder tonight; Haturday fair, with frost In
LISTED STOCKS.
Tin* opportunity of a lifetime is
afforded for the purchase of stnnd-
urd stocks and bonds in the New
York market for cash, nt figures
far below actual value. Wo have
facilities for prompt handling of
large or small orders, and give spe
cial attention to privato investors
who desire less thun 100 shares.
Hillyer Investment Co.,
Knglish-Amerienn Bldg.
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New Tork City.
F. W. LAFRENTZ, 0. P. A., President.
C. E. M.nv.ering, Vie. Pr.eid.nt, Thao. Cocheu, Jr„ C. P. A., Sr-., and Trait
BRANCHES
ATLANTA—Fourth Netl Bank Bid*.
CHICAGO—Mnrquntt. Bulldtn*
rniLADKLt TA—Bnltovue-Stratford.
BAN J-r.ANCISCO—Belden Bulldln*
NEW TORK—Waldorf-Aatorl*
IIOSTON—Exchanc Bulldln*
WASHINGTON—Colorado Butldln*
NEW ORLEANS—Hennen Bulldln*
BALTIMORE—Fidelity Bulldln*
LONDON. HNGLAND—I Kina Street. Cheapelde.
ATLANTA BRANCH 10IS-1S Fourth National Bank Building.
0. B. BID WELL, Resident Man&f «r.
Telephone, Mafin 872. Cabls Address. Amdit, N. Y,
FRANK DAWKINS. President.
B. M. ATKINSON. Vtco-Prraldsnt. TUOUAB a ERWIN. Cashtar.
JOSEPH A. M’CORD. Vlce-PresldeaL U. W. BYEU8, Asslitao: Caahtaft
Third National Bank
Capital - - - - $200,000.00
Surplus and Profits $400,000.00
'Directors!
PRANK BAWnm
JOHN W. GRANT. H. M. ATKINSON,
li. Y. U’CORD. JOSEPH A. M'CORD.
J. D. NUNNALLY.
.1 ( AUnni.j. PAYNE.
E. B. ROSSER.
DAVID WOODWARD.
SPRINGS A CO.
COTTON, STOCKS. GRAIN AND PROVISIONS.
86 Cotton Exchange, New York,
MEMBERS:
New York Cotfon Exthaag*. New York Coffee Exchange,
New Orleans Cotton Exchange, New York Produce Exchange,
Liverpool Cotton Association, Chicago Board of Trade.
B. C. COTHRAN, New Orleana Rspreasntativa
THE AUDIT COMPANY OF NEW YORK
111 Oldest and faremoit Corporation Engaged in Accounting
Bell Bhone 3309 Main. 1310 Candler Building.
HARRY M. RICE
Southern Manager.