Newspaper Page Text
fiiE ATLANTA GEORGIAN AND NEWS.
MONDAY. NOVEMBER II.
1!
Fshorts
BOOSTED PRICES
Government Action Reliev
ing the Financial Situa
tion the Factor.
NEWS AND GOSSIP
Of the Fleecy Staple.
WIRE HOUSES BOUGHT
Liverpool Opened Weak,
But Firmed Up and
Olosed Higher.
New York, Nor. 11.—Pessimistic ■w*ntl-
merit was reflected In tbo coarse of cotton
prices of Inst week. The decline was not ss
M*nsntIonal as the selling tendency nor
‘ In check by the strength of the De*
thing but favorable to hTgher prices the
stringency of money nevertheless works
both ways, In that on the one hand It dis
courages speculation while on the other It
prohibits the usual amount of business In
sctunl cotton, thus resulting In a statistical
position that nentralizat the Effect of tight
money and prospective curtailment of cot
ton consumption (n this country.
Commission business has suffered severely
during the last several weeks not only be
cause of the growing dislike for the hull side
but more because of strong protective meas
ures adopted by exchange houses.
Traders *In most cases are asked to de
posit what iooka to them like prohibitive
margins. Some houses are actually discour
aging new business, and the rather unusual
practice, of demanding original margins be
tween concerns, no matter whether mem
bers of tbo clearing house nr not. Is an
other strong influence against large trana*
In response to the government action In
showing
from foreigners. The market at flverpool
early was weak owing to American and
continental selling, but later turned strong
on the announcement of the government's
relief measures. After the call shorts wars
heavy purchasers, causing « further ad
vance, on which the ueiir positions regained*
thelr normal relatlou to Inter months. The
future market was firm.
After numerous fluctuations during
the later trading the market closed very
steady net 23 to 27 points higher as
compared with Saturday's final figures.
Compsratlve port reeelpts:
I 1907.
Saturday
Monday
Totnl for two days..
Total since Sept. 1..
4r7f7T
■es.m
2.740.980
1008.
8CSIT
87,840
“J5S8T
,-V.II.IW
Estlamted receipts Tueada;
liDT.
16,000 to 18,0)0
1906.
22,265
53,141
20,493
Special to The Georgian.
. (From Hayward. Vick A* Clark.)
New York. Nov. 18.—J. S. Ilache & Co.:
Liverpool cable* due about l*44f3*4 points
lower. Open essy, t’> points lower on near
and 8 points lower on-late months. At 12:15
K " -'<■ "A i *‘t r.* t iMMht* i,.\v 4-i-. spot
cotton In good demand C points lower; mid
dling. 5.75; sales, 10.000: American, 9,300;
speculation and export, 500; Imports, 29,000/
Including 25,400 American.
, Liverpool seuds lower quotations. The
soles, however, abroad keep up. The alt-
uathm In cotton seems to Indicate lower
prices. The bull crowd on December are
lighting nenlnst n stono wall, against cur
tailment In New England anil Southern
mills. We favor selling sble on bulges.
Heavy short covering going on lipro. Cono
ought abnutJJ.000 March. Mitchell, Hentz,
heavy buyers,
nnd scattered
Bt-u it. mi uny jiuvBurt*, us
this spurt Is more sentimental than other
wise, and a bad altuatlon can not be cured
iu a day.
Reported here that Rents buying Is for
Price.
Wall street houses have bongbt heavily,
and the ring think largely for Price. Wo
have advanced too fast for Liverpool, but
this Is the abort market. There la not much
for Mle.^ mh
Edited by
Joseph B. Lively.
MARKETS
! 5tr. Lively's twenty-five
11 years* experience of ed-
j! Itlog markets In Atlanta
ij and the South his made
| him a recognized sa
il tborlty la his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Following are 11 a. tu. bids: December,
10 43; January, 10.08; March. 10.13; May. 10.20.
New Orleans. Nor. 18,-Hayward, Vick &
Clark: Letter by the president to tha peo
ple should have a far-reaching effect to “
establish confidence, and cotton should oL..
have a. good chance to get Its proper prfce
for the small crop.
Market very steady, and bears atili buy
ing. Confidence greatly encouraged by Mr.
Roosevelt's letter.
Think It would bo well to liquidate De
cember contracts before notice day.
futures In New York. Messrs. Well Broth
ers. of Montgomery. Ala., estimate the sea
son n yield at 11,650.010 nnd give Alabama
1,160,00), Georgia 1,900,000 and Mississippi
due to the better financial outlook on the
announcement of the new government!
financing. January advanced to 10.08 andl
December to 10.47. The early advance was
lost allghtly on realising, bat the tone con
tinued firm. The dally press report that
the mills are receiving cancellation of dryi
* goods orders throughout the South audl
Vest. This Is rather disconcerting to tho
street shorts snd the market would not
hold. We look for a narrow fluctuating
market nnd favor the short side on the
bulges.
SPOT COTTON MARKET.
i.irerpooi, easier: miaaiing o.7».
Atlanta, easy; middling 10%c.
New Orleans, steady; middling 10*4c.
New York, steady; middling 10.80.
Savannah, quiet; middling 10 5-16.
Charleston, steady: middling 10%o. /
Haiti more, nominal; middling lOVfcc.
Wilmington, steady; middling, I0*4t\
Boston, steady; middling 10.80,
Memphis, quiet; middling 1011-11
Philadelphia, sbteady; middling 11.06.
Houston, steady; middling 1013-16.
Norfolk, steady; middling 10Hc*
Galveston, steady; middling 11c.
Mf. I.onls, steady; middling 1013-16.
TODAY’S PORT RECEIPTS.
The (oliowine tab!. ehowe receipt! at the
1807.
1901
N«w Orleans
Galveston
Mobile
Havannah .
charleston. ......
Wilmington
Norfolk
New York. ......
Boston. ........
15,689
26,311
4,901
12,007
2.606
2.939
4,911
63
15,602
19.975
2.716
,*§ -
2,165
5,149
***80
Total
68,331
67.846
INTERIOR RECEIPTS.
The following table showa reeelpts In ths
Interior today, compared with the same day
last year.
1107.
1901
llqnsfon.
Augusts
Memphis
Ht. Lull*
Clnclnqptl
16,067
2.482
9.631
1.631
591
11027
2,626
9.179
9.602
613
Total
90.702
a, at;
HAYWARD, VICK & CLARK’S
DAILY COTTON LETTER,
New Orleana. So, ».-Urfrpool wai
■teadler than »ipeet«l and during the Mat
hour before our market opened, future;
there advened aherply, ihownfecaln of*
point, by 8 p. w., where n decline of 6 to
7 point! wee due. Knot oalea are larae—
total llfooi). Thla audden turn In the ntig-
ll«h market waa moat likely brought about
hr buying for areount of larae operator, on
our aide, who antlelpato a beneBelat effect
from the president’! sanction to laiem 850,-
000 000 Pennine ttonda nod 8100,000,000 3 per
rent (torernment Imntla of 180 denomination
to the redeemed In one year. In Ida letter
to Mr. t’ortelyon the president says that
there la abaolutelr no ground for the pen-
leky talk, nlwnt tne flnanrinl situation; that
the banks and trust companies are all rl*ht
and that people should stop hoardlnc cash
snd put their luitney bei-k Into bnslneas.
v nr ,, far aa cotton Is concerned, there
sre those who bellere that ns soon na money
conditions raw there will Iu, . rush to wn
rotton Into cash, theretiy eauslnt a decline.
Othera believe thet with the return of eon-
fldeneo benks will not force holdings, that
the crop (|uestlon will tell an,1 cause bull
InDDOrt and higher prices, That cotton
was^helng I-canal on tlnnnelal conditions
nlone waa abowu liy the eagerness with
which shorts absorlie.1 offerings this morn-
hi Omening about 13 up the gain reached
appoints In the llrst ten mlnutra. Bad
weather throughout the belt also helped
the market. Ileary rains occurwl general
ly and 4ndlcatlons'pol»tlo rain for several
,Slwm which will delay the movement. Itr-
llaf.le Information from all sides says that
the recent frosts have caused a total lore of
i.ran,*tnrp bolls From Georgia wo hoar
that the Wall street leader lin* been try ing
for a week to buy cotton against December
REQUESTS TO CANCEL ORDERS
ARE BEING RECEIVED.
New York Commercial: For the first time
this year the Importers are receiving re
quests from their easterners to have import
orders withheld or cancelled. This state
ment is made by several of the largest con
cerns In the trade and they declare that It
Is the result of tight money. The buyers
hare In no case bought heavily or In a
manner that could be termed reckless, and
their cancellations If they become general
or If the sellers allow the requests to be
come operative will leave tho market short
/ oods In silks, worsteds, woolens, hosiery
underwear. The retailers of the conn
try have sounded a note of warning nnd
have begun to hold down their orders for
responsible peopi
for. The cotton mill managers In the New
England states, n* well as throughout the
South, pro curtailing and tho itorles flint
ore told by mon who have been on the road
with linen for the fall of 1908 make it ap
pear that buyers of colored cottons and of
fancies for delivery during next year will be
on a decidedly closer scale than for the
^ ^sent year. Cotton yarn* are quiet In
a and Jn.nil other yam dentefa nnd It
woolen yarns Is stronger and there are
signs that men's wear mills arc recovering
their confidence and arc placing orders for
their coming season's requirements. The
mercerized yarns that are offered for spot
delivery are In fsly request at the prevail
ing market price. Jobbers are getting a
fair percentage of business from tho road
men they have out on fancy cotton for
spring delivery. They are also moving holi
day stocks In notions nnd In their ready-to-
wear dress and waist departments.
Print Cloth Trade Quiet.
With printers curtailing production, tha
demand for print cloths of all constructions
baa decreased perceptibly. In yesterday's
transactions there waa little call for regu
lars. but whatever soles were put through
were at 5*4 cents. The wide cloth* In high
i-oiint are leea In demand from converters,
even at 7 cent* for spot 28-Inch 6Sz72s.
ATLANTA MARKETS.
Aumt. Copper. . . • .
Am. Ice Securities. . .
Am. Sugar Refinery. .
American Smelting. .
Am. Locomtive. , . ,
do. pief4-rr»->! . .
Am. Car In'-..,dry. . .
American Cotton OIL .
Anaconda
Atchison. .......
do. preferred. . . .
Atlantic C. Line. . . .
Brooklyn Rapid T. . .
Baltimore .\ Ohio. . .
Chesapeake & Onto .
Canadian Pacific. . . .
Chicago & Alton. , . .
Consolidated Gov. • . .
uv. preferred, . , .
Colorado Fuel Ac Iros. -
Corn Produce
Colorado Southern. . .
Delaware * Hudson. .
Denver & i« 0 Grand*.
Distillers' Securities. .
Erie
„ do. preferred, . . . ,
General Electric. . . .
Great Western
Great Northern pfd. .
Illinois Central
ft
8% lilt
4a
Kansas & Texaa
Total stock sales today, 800,100 shares.
NAME OF STOCK.
Kansas X fexus pfd..
Louisville Ac Nashville.
Missouri Paclfie. . . .
Mexican Central. • • , ,
New York Central. . .
Northwestern
Natiouul Lead. ....
Norfolk »Sc Western, ...
Northern Pacific
Ontario A Western. .. ;
Pennsylvania
Pacific Mall
People's Oft* Co. ... ,
Pressed rfteel Car. • . ,
Reading
Uock lslaad
d6. preferred
Republic Iron it Steel. ,
do. preferred. . . . ,
Southern Pacific
Southern Railway. . . ,
do. preferred
St Paul
Tenn. Coal Jfc Iron.,. . ,
Texas Pacific
B aton Pacific
. S. Rubber
do. preferred. • • . ,
U. b'. Steel
do. preferred
Western Union
Wabash. . . .
do. preferrad.
Ills
NEW YORK.
Following le tbo renge In cotton fntoree In
New York today:
(jioaccl very atradjr,
LIVERPOOL.
Following figures give tho opening range,
3 p. m. and close, compared with yesterday:
Futures opened easier.
Opening
Range.
.... 6.44 -6
... 6.25 -6.4<
.... 6.88 -6.4141
... 6.41*4*5.41
Fell-March . 6.38 -5.41
March-Aprll 5.40 -6.3SM
Aprll-May .. 6.40 -6.40*1
June-July ... 5.41*4-6.42
Juiy-Aug. ... 6.41 -5.40
Closed steady.
Nov. .....
Nov.-Dee.
Jan.-Feb.
May-Juna
rrevlon*
p. m. Close. Close.
6.48**
5.53 ' 6.45#
6.50 5.43*4
6.54 5.46
6.48*4 5.54*4 5-47
6.49 5.55 5.48
.... 6.66*4 6.43*4
6.46 5.55*4 5-48
NEW ORLEANS.
Following la the ra
New,Orleans t"<!«>• ;
range In cotton futures lo
If i
II
II
Nor I I W.J8 I
Dec !l<ni!l0.97 10.11 10.90 10.28-281
Jen 110.06110.23 10.06|l0.20l10.S»2ll
Mareii.' 1 Sio.odliolii|iblo6!iolri(io!2i-12I
April. e e .I....I [..... I..... 110.21-23
Mnv. . . .|10.n|k27|i0.11|l0.25|k26-27|
June. . . . 10.26-23
July. . . .Il0.27|10.3lll0.27ll0.2lll0.31-33|
'"Closed very steady. •
8.96- 87
8.81-82
9.91
8.81-81
l| 8.8191
9.94-96
9.97- 99
10.01-03
NOTES ON GRAIN
Pointers on Provisions.
luth elevator concern isaya of ihe northwest-
ern wheat situation: "Splendid demand
nnd no more trouble about money to more
wheat from Duluth. Will be no wheat here
nt close of navigation. About 41 per ceut
spring wheat nnd 57 per cent dnrnm badi
left farmers' hands November 1."
■ Current receipts of corn are but little
'onsumera will have to draw corn out of
»re before the month la over>
’onaklerable comment tfas caused Friday
by the circular sent out by a leading bull
house, giving positive notice to customers
owning December delivery wheat, corn
nnd oats that the money to pay for same
must be In bank here not later than No-
ember SO.
Northwestern, Canadian railways have
bandoned all double-tracking lu railway
Improvements and are using all their avail-
me motive power to move grain.
"Concerning the conditions oi the winter
wheat crop, prospects are uniformly report
cd ns favorable/' nays the Modern Millei
In Its weekly crop report. "Little old
wheat Is moving and many mills In the
soft winter wheat territory are drawing on
the accumulative ceutera for supplies. Hard
winter wheat Is even more difficult to ob
tain than the soft variety."
A wire from C. E. Lewis, of Minneapolis,
said: "Cash wheat In good demand. No.
1 northern 3c over December. Money Is
easier. Loans now being made on wheat
receipts."
STRENGTH IN STOCKS
REFLECTED IN GRAIN
Wheat Advanced Over a
Cent a Bushel in Early
Trading.
8T. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter
Corn-No. 2 68fl68*4
Oat*—No. 2 *5*1
Wheat.
Thla week 393,006
Last week 230.000
Cor. week last year.... 728,000
Since January 1 M.171,000
Same time year ago.... 86,556,000
‘ Corn.
08.000
843,000
3.470,000
Sf 1 ™
FRUIT AND PRODUCE.
h—Dull.
j POULTRY—ri»n« rtull, 40 c.ntiP
fhYcYeni, frlra.JSHffXc. Dark., P»kln. Mo
rack; paddle, I9e tack. Turk.ja actlfe. 16f
rDlffisaKD POULTRY—Turkeyrdra wo,
aetlT!, 90c pound; fries active. 20C22HC ItU
kena, 16c ponnd; docks, drawn, fancy. 18«
^SSoDUCB—Lard, 12e ponnd: bama actlva,
lie ponnd; abonlden aetlve, Wtflloponnd;
aides active, lie ponnd; batter. U094c per
pound; beeswax active, tv* ponnd; bona;
fHuTts'a'nD^uR^ci(ron, 2«e pound,-
alraonda, ISe ponnd; _Braall. 14e pound:
Filberts. 19He pound; Rn*U«b walnuts. 18c
lb. Pecans. i:Hf lb. I-emnn peel. 17Mo lb.
Orange peel.' 17Hc lb. Lemone. fancy Mee-
eena, 99^64.00; bananae, Mic lb.: Ilmea,
Florida aloek. 60e 180. Peanuts to sacks aver
aging 100 pounds each, owing to grade,
eftffse per ponnd. Florida oranges, 89JAJ
dried applet. 120W4o; dried pracbee.141
riga. aa boiTDatee. 1-lb. package. 714;.*
L. Rnlalnv, UOO box. Orapee, Concorf. 6-
ponnd bncVet, 20o; Niagara. SVJe;: UelJ;
ware. 28c. Malaga per 83.0060.00. Ap-
plea. New Y ork. 84.HV65.&). . , „ „
r VEOETABLKB—Potatoes per bnabel 81.00.
sweet pouton, MttOOc. Onlona. 8t.10 buab.-.
Knanl.li, 81.80 erata; kranr -A barrel. 8X78;
Dantab. lit Celery. OMMc a hunch; per
orate, g to IVi doaen, 8XW. Cauliflower. 10O
1284c pound. Lettuce, 83.2SO2.60 per orate
Turnlpe. lMc pound. Florida equaeb. 82.00
crate; Florida branj ILBOregtc.
GROCERIES.
Btcu-Jap. 684 eenta; bead. 887o; fancy
bad. 740784e. according to the grade.
■ellRUSK—Fancy fall cream. 14Hc; Ocorals
can* ayrnp. 9Se gallon: salt. ICO pounda. 80c:I
gAT ^yT°SJr
isivsa
oavy hmin*. >2.90: Lima bran>, 7c;^g|
matrhvs p*r groat. 21.66: macaroni. 4*4ITe
TrOAn-Sran.l.nTTra^uUtM ls% New
bulk
ff; t %Sera.'fnT| ! wjgkffi* ean: pepper
lie pound: baking powder. 88 rase; rad
nrimon. 88 rase: pink salmon. 84.80 raw;
l^raa. 4*c: el>oeolete. 49He: winff. t-lh tars.
48c; roast beef. 82.80 eeee; ulrap (New Or-
icenev 28- gallon: corn. *k- gellou: poteak
I9.28C9.80 raw; P»*nnt«. Mir: rope. 4-ply
"cANb^feiek*.°»a«>rted C4c po^': atlch
aworted. 884C pound; fancy asiorted, palla.
Bvrtft * COw-a sales of fresh beef In At
lanta for the week ending November 18
averaged «.«7c per pound.
HAYWARD, VICK & CLARK,
COTTON. STOCKS, BONOS, COFFEE, GRAIN AND PROVISIONS.
® CaronJelet and Oravler Sta., New Orleans.
MEMBERS;
„ ..... v,„ Orleans Future Rrokera Aasoclatlon.
ar.w Orleana Cotton Rxcbaoga, Orleene end Chicago Boards of Trade,
Sw ?"rk Cotton^ L-xchtng* n" ToS cSw FicSaagt. _ ..
Oclrac-.cn Cotton Rxchange, Auoclate Memtiere Liverpool Cotton Aas &
Moulton Cotton Exebanp. ■*—”
NAVAL STORES.
Special to The Georgian.
Savannah. Ga.. Nov. 18.—Turpentine Arm
at 4814c; sales, 127; receipts, 888.
tloaln Arm; wire, L7S8: recclpta. !
window glass, 88.80: water-whits, 88.28; N.
15.80; M. 85.25; K. 84.75; I. 83.86: H. 89.65®
3.60; O, 89.68; F E. I9.50tr9.65: D C B A.
89.80.
FLOUR AND GRAIN.
FI.orR-nigbcat patent. 86.51; beet pat
ent, 83.78; standard patent. 88.10; half pat
en*. 85 25; aprtng wheat patent, 86.28.
CORN—No. 2 white (old crop), t»e: choice
white (old cron), 80c: mixed (new), 78c.
Cracked corn, KMjmun.l sack. 11.90.
CRICKF.N FRRD—Fifty-ponnd aacka, 81;
Pertes chick feed. 81.16.
OATS—No. 2 while, etc: No. I white. 82c.
No. 2 mixed, 80c; Golden oata, 68c; white
ettnned. 65c.
MRAIr-Plaln. 98-pound aacke, 78c; 46
pound sacks. Me; plain, 24-pound sacks, 82c
*1SaV— 1 Tlmothv. choice teree hales. 8I.2K:
do., choirs small hales. 8l.lS; No, 2. 81.00;
No. 2. one-third hales. 81.08. Bermuda. Me.
SHORTS—Choice white, 81.75; fancy, J1.70;
brown (78 to 100 nonnda). 81.63 brand. 81.50.
PROVISIONS.
PROVISIONS—Premium luma. l*e:
Ilea. 904M6 panada average, toe: fat backs,
a no. Sliver Leaf lard. I08»: Jewell com-
oonnd, 884. California ham*. 3)4. Ex-rlbe,
9.00.
SAGGING AND TIES.
BAGGING—1* lb.. 10)4e: 9 lb.. 1134c; 2)4
I 12-40: re rolTed (second hand). 7)4e.
TIES—New. $L17)4 bunch; secondhand,
tl.06.
HARDWARE.
tvrt.f, IU1CKETR—84.80 doteu.
ROPE—Manila, 1444c; Seeel. lie; cottea,
^IRP-Rarh. S*4e ronnd.
Ptotv STOCKS—Harman, 86c; Ferguson
*tRS—37 per doxen base.
IK AP—O'!: bar 7Hc ponnd.
NAtI.S-4Vlre. 82.88 k.r. btw; cut 8289
1 snoK^-IIcree. 8t.2S34.75 keg; mnle shoes.
t, -rt'BS-ralntcd. 8280: radar. 85.M.
ft.50; Popont end IMrard smekrlna, half
kora tll.Sn: )4 kegi RfW eanlatera. 81.
Lee 25 pee ran-, frofadorr emokeleas now-
POWDER—84.57; half kega. 8276; )4 kega.
... ).|h. rani. 81.
° SHOVELS—88 te 811 rer dexen.
CARDS—Cotton. 84.78 per dozen,
pi n\v RI.ADBS—5e per pound.
IRON—244c per pound base; Swede. 4)4e
'"rUCKETS—Paint. 81.70 doaen; white e*-
lae three boope. 84.98.
Vcw York and Chicago Correspondents:
New » FRAZIER * CARRINtTON.
* fc .ACHE4CO v AND BARTLETT,^
POWDBR-Prr ktg. Aoatfn craci
SHOT—32.10 aack.
fISH. /
PUB-BretB, > pound: manner. 9e ner
pound; lroot, pound;
I»«b4 : romp* no ’*'^r-P 0 °"
m>:nd; tulxvd fi*b. C'a.? tm
m-it, l.c ro'ind; mullet pi
1.50.
opened .
lf*d, ana tne aiocx market aireuKtn w .
Northareatern car* were 618, afainst ilOlaat
year. World’* ahlpmenta were illghtly above
the estimate, belnf 9,760,000 busbala.
Wheat closed steady 3-8©3-4c high
er, corn was up 1-203-4C, oats 1-2©
7-8c higher and provisions were unset,
tied.
CHICAGO GRAIN MARKET.
Following are the Chicago grain and pro
rtklont quotation! for today, compared with
jeaterday's close;
WHEAT—
Dec. .. 86*4
May ... 104
July ... 9*%
COHN-
Dec. ..
May ...
July ...
WEATHER REPORT.
WEATHER CONDITIONS.
The atonu that was centered In the west
gulf coast Sunday morning haa moved to
the northeast, decreasing In Intenalty. and
la now centered over Alabama. Ita advance
I* muring general ralna over the South
nnd up the Atalntlc const aa far aa Wash*
Ington. D. C. ltaln waa falling this morn
ing In Alabama, Georgia, the Carolina*,
Virginia and Maryland. Following In the
rear of this atorm area la a ereat of high
barometer extending from Montana Into
eaatern Texaa aud Louisiana. The preaaure
continues high In the northeast, while a
second low area la central ovar l*tah and
eovera the southwest. The following ata*
tlonn report one Inch or more rain In the
last 24 hours: Mttle Ilock, Ark.. 1.32; Mem*
phi*, 1.34; Vicksburg. 1.16; New Orleans 1.34,
and Mobile 1.30 Inches. The temperature
has risen over the anutheaat. while over
most of the country the changes have been
less unsettled weather in
Ing tha next 36 hour
what colder Tuesday afternoon:
Minimum and Maximum Tamparaturea
and Rainfall.
TIPS FLASHED
From Wall Street.
Town Topics: While wi
strong market thin uiori
fluence of the Waohlngto
look for a rather
Ing under the In-
plans for the re
, If i
to go short of the active lead-
cau smoothing in the general business nnd
financial situations to encourage huving
securities at thl* time. The passing of dlvl-
lends by Industrial concerna and tho laying
by the thousands In variour
parts of tho country will bo calculated f<
enlarge the stream ot liquidation that Ii
sweeping sway prices ss well ns cause a
spread of the flestre to withdraw bank de
posits. When some Individual Issues be
come oversold, such as Smelters, there la
so much actual liquidation Impending tl '
we do not believe the rallfea will he of ri
much consequence before the Hat as .
whole falls to now levels for the year. The
railroads have entered upon a period of
heavily decreasing earnings, as Important
In fact aa were tbo Increases that helped
the great buying movement of a year and a
half ago. Pennsylvania and New York On-
trnl, na representative trunk lines, will feel
the brunt of this reaction In business, and
professionals continue to sell them on all
rallies, believing, ns do we. thnt much
lower prices will obtain before long. St
Paul, Union Pacific, Heading and other
leaders will also react materially, and after
n breathing spell we expect to see Amal
gamated Copper fall to around 40.
Both wheat and cotton, lu our opinion,
are good short sales.
Tho London early market comes strong
and frpm •* to 2% higher.
* LONDON STOCK MARKET.
Amalgamated Copper. . •
Anaconda.
Atchison. .. . . - -
Atchison preferred.
Chicago and Great Wet torn.
Canadian- Pacific. . . .
Denver and H!o Grande. . .
Denver and Rio Grande pfd..
Erie 2d preferred,
Illinois Central. .
Kansas and Texaa.^3. . . .,
Kansas and Texas preferred
Ijoulsvllle and Nashville.
Mexican Central. . . .
Norfolk and Western. . ,
Northern Pacific
New York Central
N. Y., Ontario and Western..
PtulaU
1st preferred.
2d preferred
Rock Island
Southern Pacific
Southern Railway. . . •
Southern Hallway pfd. .
Union Pacific. .....
St Patti
United States Steel. . . .
United States Steel pfd. .
Wabash
Wabash preferred. . . .
$
GEORGIA RAILWAY
a.ND ELECTRIC CJ.
Boston. Nov. 18.—Following waa the bid
nnd asked price on Georgia Hallway and
Electric Company today: Bid 69, no mar*
‘ for preferred.
LOCAL STOCKS AND BONDS
Abilene. ......
Amarillo. . . . ,
Aritevllle. . . .
ATLANTA. . .
Augusta. . . .
Birmingham. . .
Ulsntarck. . . .
Boston
Buffalo
Charleston. . .
Charlotte. . . .
Chicago. . . .
C'tnclnantl. . . .
Corpus Chris!!.
Davenport. . .
CHICAGO CAR LOTS.
The receipt! of grain In ear Iota today and
estimated receipt, for tomorrow art aa foF
Iowa:
Yheat.
'orn. .
Oats. .
LIVERPOOL GRAIN MARKET.
Wheat
To!
^ n h , ghi i r. h, te*?Si! l t iiS. p r;'
VISIBLE GRAIN SUPPLY.
Following shows the weekly visible sup
ply of grain:
Wheat. 42.153.0W bushtla: week. 43.-
741.000 bushels; last year, V,370,000 bushels.
Corn, 3.704.UD bushels; last week, 3,630,000
bushels; Inst year. 3.163,006 bushels.
Oats. 7.791.000 bushels: last week, 7,721,000
bushels; last year, 11,243,000 bushels.
■%THE LIVE STOCK MARKET.
Nashville. . . .
New Orleans. .
New York. . .
Norfolk
North Platte. .
Omaha
Palestine. . . .
Pittsburg. . . .
Portland, Me. .
Portiaud. Ore.
Rapid City. . .
HI. IXNtlS. . .
Ht. Taul
Han Francisco.
Havannah. . .
Taylor. . .
Tliomasvllle.
Vicksburg. .
Washington.
Wilmington. ......
' T. indicates trace of rain or snow.
J. B. MARBUBY, Section Director.
WEATHER FORECA8T.
CATTLE—Receipts 20.000. Htcfl.lv to 10c
higher; Iwevcs. 3t3&;«.46; cows. $1.2004.8;
cnlves. 96.2607.26; heifers. $1.2004.85; Texas
steers, SS&4.00; Western rattle. $3.1*61
6.10; atockers snd feeders, $2.J0©4.o0.
HHKBP— Receipts «.<**>. Wow. Native.
mjxsspoat
THE COFFEE MARKET.
January ...
February ..
Mandt ...
OS?
June ... .
July
.. . .. August ...
» Geh. L-nO.', .September .
ackerel. 12^ 1 Oetthcr ....
The following figures gives the opening
a t and close lu the New York coffee
et today:
Opening
Range. Close.
•JM.V8 M34.80
6.70-5.75 5.46-6.70
iiR.S IStSI
6JM.88 SJM.fi
6.634-86 ’ 6J34J0
MM.fi 3.13-3.00
6.034.10 4004/6
Washington. Nor. 18.—Weather conditions
and general forecast:
The southwest atorm lost much of Ita en
ergy during Saturday night, afid Is central
this morutng over Alabama. It caused some
high winds Sunday on the. gulf cosat and
E ueral ralna this morning, which extend
to the Ohio valley. Maryland nnd Penn
sylvania. Another disturbance over the
middle and Southern plateau la attended by
local snows In Utsb, New Mexico snd Colo
rado. There was no other precipitation ex*
cent In the north Pacific states.
It is considerably warmer In the east and
south except In the west gulf states and
colder In the northwest.
There will be rnln tonight In the aeuth
Atlantic states, followed by fair and colder
weather Tuesday; rain tonight and Tuesday
In the middle Atlantic states and rain or
•now In the anper Ohio valley and lower
lake region, with lower temperature Tues
day. It will bo warmer tonight In the
middle Atlantic states and colder In the
east gulf states, with fair weather In ths
later distrrta.
Fonvttet until $ p. to. Tuesday?
Virginia—Rain and warmer tonight; Tnea*
day rain; fresh, possibly brisk, easterly
winds.
North Carolina—Rain tonight; warmer In
eastern portion; Tuesday partly cloudy and
colder lu western portion; fresh, possibly
brisk to east to south, winds on the coast.
South Carolina—Rain tonight; Tuesday
partly cloudy and colder; fresh east to
south winds, becoming variable.
Georgia—Rain in eastern, fair and colder
in western portion tamlcbt; Tuesday fair
ami colder In eastern portion; fresh shlftlug
winds, becoming variable.
ExHteru Florida—fair tonight except poa-
Nildy showers In northeastern portion; fair
. *• — • *- northern portion;!
winds, becoming
Western Florida
colder tonight; Tuesday t
northerly wind*. . becoming variable.
pi—Fair tonight; mid*
“ light
iii'U, l-«-oiulng variable.
il Alabama—Fair and
ijr fair; light to fresh |
Maine variable,
might; ntlder In cast-1
•"day f.ilr; Ufiht northerly'
Atlanta k West Tolnt R. R.. 15&
Atlanta 4'a. 19SL coupon »
Atlanta 44 *. 1922, coupon.. .. 101
Atlanta, Birmingham and A.. 18
do. preferred ...
Augusta Factory
Central Bank and Trust Corp. 125 .
Exposition Cotton Mills........ 225
Fourth National Ilnuk 3SG
Georgia Htato 4Wf, reg
Georgia State, 4*i a, coutwn... 197
Ga. il R. and Banking Co..,., sp
Seaboard 4a. I860........ CSV*
Ga.’ By. •»<! Electric Co 70
Seaboard Air Una 10
do. preferred t*K
fioothweatern .............^e... 107
Atlanta 4 per c. bonda, 1933... 100
Auguata 4^, 1133.
AEkHd.
18W4
103*4
AT THE OPENING
Decided Advances Were
Scored in Both London
and New York.
TONE VERY STEADY.
Relief to Situation by Gov
ernment Strengthen
ing Influence. , .;
BY T. C. 3H0TWELL.
New York, Nov. 18.—Announcement of a
$60,000,000 Panama bond Isiue and the ofr'T-
Ing of 9100,000,006 3 per cent treasury certifi
cates to the public caused a.boom In the
stock markets of London and New York
this morning. Prices of American share*
In Ixmdon advanced from 2 to 5 points.
Grain advanced lc a bushel nnd cotton 91 «
bale. In addition to this positive relief by
the government. It was announced that
London would accept certifiestes in lieu of
International ravenna stamps. $
Announcement# by President Roosevelt
and Hecrctary t'ortelyou were received with
popular demonstrations of great Joy. and
even the financiers were surprised, for they
had not expected so many things to he don*
at once by Washington.
The new treasury certificates litre com
plicated the situation, nnd the most con-
servatlv# hankers are In doubt ss to the
wisdom of what has been done. All sgrr*
thnt the altuatlon will he helped materially
for the time being, hut It Is tho aftermath
that they are fesrin
pected on the rise which promises to come.
lit London advances in Aiuerlcnu* were
about equal to those of New York.
On the curb market the mining shares
were up 1. an average of 6 per cent of
their par value. The new government 3
per cent one-year certificate* w. ro traded
on the curb between 100*4 and 101.
The premium on currency dropped to l**
per rent.
After mid-day the market was nnM. with
still further decreases In the volume of
business nnd marked absence of new buy
ing. Upon the whole, stocks sold to taks
profits were fa* * •• * * —
willingness to
that commission bou*
little.
Cloning bids follow:
Railway Stocks.
Atchison .. 70 1-4
do. preferred si :t-s
Baltimore and Ohio 29 1-2
Canadian Pacific 144
Chicago and Northwestern.. ..1311-8
Colorado Southern 17 3-4
Denver and Rio Grande 17 3-4
Krle .. .. .. , . .. .. 15 1-2
Illinois Central 121
Manhattan "L" .. lln
Mexican Control 13 7-8
Missouri Pacific 54
New York Central.. 9*i 1-4
Ponneylvanla 1091-2
Reading SI 1-2
Rock Island 13 1-2
do. preferred 33
St. Paul.. 99 3-4
Southern Pacific .: 681-8
Southern Railway 117-x
Georgia. J*» coupon
do, 3*4. IN*, raff
Dixie Cotton Mills
J3«V4 ]«!i
COTTON SEED OIL MARKET,
Following !• given the opening and cloaloa
quotations of the New York cotton seed oil
market:
:;!V,
November. . .
IhN'emlier. . .
Jnnuary. . . .
March
May
July .. .
Closed steady. Hales, 9,000 barrels.
Opening.
Atlanta Oil Market.
The following quotations ore based on ac
tual transactions: I'rliuo crude f. o. h.
mills, November 20, December 21, January 22.
..113
Union Pacific...
Interboro- Metro
Great Northern
Miscellaneous.
Amalgamated Copper 46
American Car and Foundry.. 26
American Locomotive 3*
American Cotton 'Oil 24
American Smelt, and Re. pref. 85
Krooklyn Rapid Transit 31
Colorado Fuel and Iron 16
Internationa] Paper... s
National Lead 36
People's Gas
Sugar
United States Steel.
do pref
Mnckny Companies,
do pref
.103
. 24 1-4
. M2 1-2
. 581-2
MONEY AND EXCHANGE.
New* York, Nov. IS.—Money on call
51-2CP10; ttmo loans none.
Posted rates: Sterling exchange 14.80
64.87, with actual business In bankers*
bills at 84.8625 for demand nnd 94.80n
4.K050 for 60-day bills.
Prime mercantile i
London bar silver 2
bar sliver 68 ?-8c.
Mexican dollars 46 3-4c.
MINING 8T0CKS.
Hoiton. Nov. IS.—Opening; North But
U; Copper Range, o'); Hit Mining. •
..ntte Coalition, 13*4; Fruit, 184; Calunn
Arisons. 86.
Market strong.
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A., President.
C. E. Manv.jrtng, Vic, Pr.ild,nt. Th.o. Csch.u, Jr, C. P. A., Sro. and Triu
■RANCHES
ATLANTA—Fourth Nafl Bank Elfls.
CHICAGO—Marquette Building.
THILADELI ~IA—Bellevue.Stratford.
8AN Fr.ANCISCO—BeWen Butldlas.
NEW YORK—Waldorf-AitorU.
BOSTON—Exchange Building.
WASHINGTON—Colorado Build Inff.
NEW ORLEANS—Hennen Bulldtnff.
BALTIMORE}—Fidelity Building.
LONDON. ENGLAND— 4 King Street Cheapelda.
ATLANTA BRANCH 101S.U Fourth National Bank Building.
0. B. BID WELL, Resident Manager.
Telephone, Mein 872. Cable Addreee. Amdit N. V.
FRANK IIAWKINH, 1-r.elileaL
n. M. ATKINSON. VIce-rrr.ldeuL TIIOUAK C. ERWIN, Cttble,.
JOSEPH A. H'COKD, VIc. l'reeld.aL k. W. IiYKHS, Ae.let!Ot CeeMen.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR, A. W. CAt.nOUN.
MILTON DA ROAN.
JOUN W. GRANT.
II. Y. M'COKD,
FRANK HAWKINS.
II. M. ATKINSON,
JOaffPU
' m’c6rd.
J. tl. NUNNAtXf.
J. CARKOl.L PAIN*
B. II. KOSHER,
DAVID WOODWARD.
THE AUDIT COMPANY OF NEW YORK
The Oldest and Ferg.nost Corperation Engaged in icctualia]
Bell Bhone 3309 Main. 1310 Candler Building.
HARRY M. RICE Southern Manager.