Newspaper Page Text
%
jaiUA CTJliU-nvjizV-N i\±\ 1 > Jfino.
V
NEWS AND GOSSIP
Of the Fleecy Staple.
Liverpool Turned Firm Aft
er a Disappointing
Opening. /
CLOSED SHARPLY UP
Prices in New York Held
Very Steady During
Morning Session.
S>w York. Not. M.-Owlne to tilrher rn
from Liverpool and further bullish ex
tiinatM of the crop, tlio cotton market thin
morning atirtftd firmer at on advance of 12
Si 15 polnta. Trading win qu te active, and
while there w»» heavy milling nt the tip.
turn the market held well up to the opening
figure* on covering by abort* and scattered.
* upper t, which were undoubtedly were at
tracted by the reductions in eatlmatea of
the crop. There were further ruuiora of
settlement* by near-by abort*, but Decern-
l.er continued to maintain a big premium
over January option and report* of distress
( . ( ,tton In the southwest teemed to have —
influence on trading In near month*.
Bros’. estimate of the crop at
II.393.000 bale*, and price* steadily advanced
up to the cloae, which wo* atenefy at B to 7
point* higher. , _ .
Spots were In fair demand at 5 points ad-
ranee to 6.87d for middling.
The New York market, under the Infill-
•nrc of the firm tone In Liverpool, opened
nharplv higher, and while opening price*
were at the high point* of the morning a
verv steady undertone prevailed nt n very
small decline from opening figure*. The
, 011*11* bureau report, to Ik* l**ued Thurs
day, I* expected to Ik*, bullish, and to thin
1,' attributed the etondlnet* ntnl narrow
price changes.
Trade wan dull, bnt steady, during the
itfternoon, operators showing a disposition
in await due publication of the cetisua re
port before making new .venture*.
At the close the market was steady
net 7 to 12 point* above the closing
figures of Tuesday.
Semi-weekly Interior movement:.
| 1907. 1906. | 1906,
, 1101,W
shipment* 94,191
Sloi-k» I aC-Ytt
ronipnratlve port receipt*
Saturday ,
Total for four day* ....
63.331
69.116
54.826
65,019
57,846
108,849
68.498
hunted receipt* Tfiurwvny:
1906.
9.171
13,492
10.000 to 12,000 10.779
SPOT COTTON MARKET.
Liverpool, steady; middling 5.87.
Atlanta, easy; middling 10*4.
New Orleans, firm; middling 10V
New York, steady: middling 10.90.
Savannah, firm; middling 10%.
Augusta, steady: middling 70%.
Mobile, steady; middling 10*4.
i hnrletftoti, steady; middling 10 3-16.
Itnltlmore. normal; middllug 104.
Wilmington, steady; middling 10 5-16.
ituston. steady; middling 10.90.
.Memphis, steady; middling 10 13-16.
Philadelphia, steady; middllug 11.15.
Houston, steady; middling 10%.
Norfolk, steady: middling 10%.
Galveston, steady; middling 11.
Ht. I.••ids, steady; middllug 70%.
TODAY’S PORT RECEIPTS.
lust year:
New Orleans.
Galveston. . .
Mobile
Siivnnnnh. . .
• linden ton. . .
Wilmington. .
Norfolk. . . .
New York. . .
I teuton. -• . . .
I’liilndelphln. .
Pacific const. .
Utrious. . . .
13,711
15.974
3.857
12,884
.Special to The Georgian.
v ‘From Hayward] Vick ft Clark.),
New York, Nov. 20.-J. N. Hache & Co.:
Liverpool cable* were due 4 higher on
December and 3 to 3% lower other month*.
Opened steady 1% lower on near and 2 low-
er on Into month*. At 12:15 p. m. was
‘‘M'lf. net 1% to 34 higher ou near and
34 higher on lute mouths, loiter cables
reported a further advance of 24**3 points.
NiKit cotton In moderate demand at 5 points
higher; middling, 5.87; sales, g.ono; Amerl-
••an. 7,100; speculation and export, 500;
American, 7,000; Imports, 21,09-). Including
9,®0O American. Tender* hew docket 4,(tH
The reports of settlements by big shorts
with the hull clique were current all dpy
yesterday. The market did pot show much
activity nor were fluctuations violent. Tills
seems to us to Indicate that.a quiet market
jvlH prevail par some little time to come.
>\lih the December short account disposed
of we think money considerations and thu
state of business will exert more Influence.
Trade reaction .seems Inevltablq. This
menus curtailment. In thi*
not see how cotton
Edited by
Joseph B. Lively.
Mr. (,)«!*’• tw.aly.av.
jrenr,' nprrlenr. at wi
lting mnrktU In aIUlM
an.l the South baa mad.
him a Mcopnlrnl au
thority In hta iprclalty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OP STOCK.
v.
0
Hi
if
CS5
t-U'
ent
Sinai ’Cooper. . .
Am. Ice Securities. . •
Am, angst Refinery. .
American Smelting. .
Aiu. l.ocouitlve. .
do. preferred . . .
Ain. Car Fofluurf. . .
AoicrlCHD Cotton Oil. .
.1 nS njl
• ; »i n.’H
. mw in
. 35*4 3o'i
keep up to present j Atcmsoo
. I do. nreferred.
I bo feature of the opening was heavy
buying of .March, January and May bv
Mitchell. Commission house* bought heavi
ly. Wall street and local crowd inclined to
sell some cotton on the advance.
Following are 11 n. in. bids: Decent Ik r,
IOTA; January, 10.15; March, 10.22: May. Id.
Revision committee will’ meet toihi. -
3:39 p. m, Action effective tomorrow. Do
not expect material change, though effort
Is being (undo to lower the high grade
premium slightly.
Do nor consider the advance healthy and
would tell It on any further material up
turn.
New Orleans. Nov. 20.—Hayward, Vick A
Clark: Market opened about 1! points up
with pretty free telling on the ad
People ore bearish and short* may
K rices down, but would buy on all setbacks.
Iverythtng look* a* If we are going toward
an Important change in tendency.
Fearful weather in the belt. Map ...
complete, but what there la shows torrential
talus In Texas and the central statt*. Haiti-
fall 4t Palestine 2.94. Fort Smith 1.10, Little
Itock 5.88 and Metnphla 1.78.
Mr. Neill's circular rends: Atlantic states,
4,929,000: gulf state*. 3.575.000; Texas and
Indian Territory, 2,900,000. Total crops, 11,-
896.000.
Liverpool cables: “Local operators heav
iest buyer*.”
R. A. Lee A: Co.. Charlotte, N. C..
Issue the following statement of the
crop of 1907-08:
Alabama 1,190,000
Arkansas 725,000
Florida 67,000
Georgia 1,881,000
Louisiana .. .. .. 685.000
Mississippi , 1,470,000
Missouri and Kentucky .. 80,000
North Carolina 686,000
Mouth Carolina 1,210,000
Tennessee 321.000
Virginia 9,000
Oklahoma 440,000
Indian Territory 425,000
Texas 2,800,000
Cnnadlnn Pacific.
Chicago ,V Alton. .
:on*ofidatcd Q*n, .
31 iii%
68% 1 69%
•"•41 •".§
; 25% I 26
1 ll%! 141%
Total 11,988,000
250.000 less than Inst year, which would
Ing* to November 15 up to 7,600,-
sitinllnc** of the crop will only
by the census reports Inter on
Mad weather continues lit tho belt. Delug
Ing rains from 2 to 6 Inches occurred ii
north Texas, Arkansas and the upper delta
undoubtedly causing los* to cotton In tin
fields. Main here Interiors with spot bust
steady hut not nu active
big demand. Prices firm, but 110 higher *«
far. offerings light, owing to bad weather
A cable from Liverpool said: “No strike
government Interfered.” We have, how
er, no positive Information about this.
New York, Nov. 2>.-J. H. Ilache A Do.
After n strong opening under the Influence
ernl bullish crop estimates and re
ported settlement .of tin* bear leader with
the hull clique, prices eased off 011 profit
taking. The Liverpool tnnrket led the early
advance. Reports of nervousness of shorts
In Liverpool caused the strength. The
kind of buying by Mitchell occurred this
morning of January. March and May
some were Inclined to credit a story that
tho bear lender had covered unit gone long,
The effect of n quiet and steady stock mar-
cotton prices would be beneficial nf
this time. There is reported to be n he
Wall street abort Interest which 1* bee
•r the small estimates and
had weather. Mitchell's buying was the
feature of the market and nslde from that.
uarrow. with little coifimlsslon house
business. After the decline following the
opening bulge prices rallied easily. We look
for a n ——
perfectlj
awhile.
Total.
INTERIOR RECEIPT8.
The following tabic shows receipt* In tb*
Interior today, compared with the same day
l»«t year.
Ilmistou. •
Augusta. . .
Memphis. .
St. LmiIs. .
nucinnntl.
otal.
2.323
7.645
3,935
30.493
2,470
5.355
8.49.1
22,564 1 47.365
HAYWARD, VICK & CLARK’S
DAILY COTTON LETTER,
New York, Nor. 20.—The Liverpool board
this morning showed an advance of 7
Mats, where 3 down was due. Thla and-
•Itu turn la undoubtedly due to Mr. Neill'*
•Top estimate of 11,396,000. We who know
that this crop Is a moderate, If not a
■mall one, wouder why the other aide pay*
••• much attention to small crop estimates.
I '* understand this, one has merely to read
• ••rresnoullence from I.lverpool. Euglnnd, In
>"*rmal financial conditions, has u»t realized
until lately the state of affairs over here,
*nd throughout tin* big break in cotton we
received cablea from that market that peo
ple were selling on IncrcnRed crop views
J ""I believed the decline here was for tho
•ajue reason. Only a week ago we re
ceived a cable from there saying the cur-
r " ,,r crop opinion favored 13,"oO,O0O and
"vor. Consequently the bureau estimate
'-.irly lu December might have considerable
"'eight with conauipers* action abroad. Heal-
thla. we may ace between now mid
'lie third of December attempts on the part
•>r bear operators to depress the markets In
oruer to cover, and we should be guided In
•>ur operations accordingly and not lose
*" | th when such depressions occur. Even If
w e are nunihod by tho depressing effect of
surroundings, we should consider from time
time the pHtslblllty of a lusting turn,
now many p(*op|e were really bearish above
- *n«l knew thnt n* m*ou ns the crop started
I." move, prices would drop back—yet they
“•‘fit on buying Just Iteeaties talk and b«kh1
iHiowshlp were that way. Now, many
, heart believe cotton low enough for the
•urcuinstances, yet they keep on selling Just
h-^use the talk Is for 9c. The one who
f, * *head of the crowd and Is aide to keep
'n«*re win hare the liest position, our
market opened about 11 |>olnts up, nnd the
o "A" maintained for hours, although
suing I* light. Tomorrow's census Is ex-
‘" ted hulllsb—7,500.000 or less. Chance* are
will be dlsapiwdnted in looking
such small figures. There is no reason
hy ginning* for this period should be orer
EDWARD MOYSE & CO.'S
DAILY COTTON LETTER.
New York, Nov. 20.—While the radical
measure adopted by the government tc
give relief to the financial situation have
been reflected lu 11 better feeling In the
eottou market ntnl have caused considerable
overlng by the short* and u fair ndvanc
. * • * -" >ai
cur-
by the bear*, and ad
.met by heavy selling by this
element. For the moment, or until the
linntieln! situation clears, sales ou bulgci
will he the proper course to pursue.
SOUTHERN YARN MILL8
TO CURTAIL PRODUCTION
New York Commercial: Present conditions
lu the cotton yarn market are by no means
cheerful from the sellers' polut of view.
Hales are the lightest allies the slump be-
J an, and according to * *
M ‘
.. some of the largest
Jen lor* In the market, thorn doea not seem
to bo any bottom to prices. Home dealers
have been forced within the (Mist few day*
to realize on their holdings, and yarns are
being made not alone by dealers, but also
by some of the mills that have more yarn
than they need.
Koft yarn spinner* have been requested to
Join In the curtailment adopted by the
Hard Yarn Hplnners' Association, und a
meeting of the Soft Yarn Hplnners* Asso
ciation Is being arranged to take place early
this week. The manner Iii which the Mouth-
era spinner* are abiding by their agree
ment to curtail Is said to be anything but
what It should and dealers In this market
state that the plants are running Just ns
filtl as at any time sluce the year opened.
COTTON MARKET AT MOMENT
AWAITING DEVELOPMENTS.
New Orleans, Nov. 2Ur—The Tlmes-Demo-
erst savs: "At the moment the cotton mar
ket Is ’awaiting developments. Friends of
the staple believe that easier money should
mean quick Improvement In general trade
nnd a more active demand for actual eottou.
wbleh In turn should he reflected by a
higher range of future value*. The shorts
lu a measure share these views; this lielng
shown yesterday by their willingness,to set
tle the New York Dccemlier Interest at a
stiff premium over January. Meanwhile
■tome disturbing news comes from Texas
to the effect that certain agricultural In
terest* have requested tjio governor, through
an extra session of the legislature, to stay
I he execution of Judgment* against held
cotton until buyers shall become more plen
tiful The governor could not. It Is report
ed. see his way clear to grant any such
request, but the Incident is being exploited
to show the presence of distressed cotton
In the |.one Ktar State. On the other band,
cable advice* say the Bank of France will
take $20,600,000 worth of I nlted Hta tea 3 per
cent certificates of Indebtedness, which
menus that French gold to Higt amount will
lie available for Importation Info this coun
try In event It shall be needed. The tnleut
fear danger in uneommop variety lurks l»e-
hlnd both l*ear and bull prospects, Hmall
crop view* are now quite general. Don-
sumption curtailed under the aggregate pos
sible a month ago Is now admitted.”—Hay
ward, Vick A <T*rk.
Colorado Fuel A Iron.
Corn Produce
( olnrado Southern. . •
Delaware ft Hudson. -
Denver & Rio Grand*.'
Distiller*' Securities. .
General Electric.
Great Western. . . *
Great Northern pfd. .
Illinois Central. . . . -
Interhorn..
.. do. preferred. . .
Kansas, ft Texas. . .
1 r
’ 1294! 1294! l&i
17%., I74 ! 174
i
- . — -- 1
bKl 1 100 ; li*6 ; 196;
41 j. 41
1441 13
36 i, -
45%'
ii^r
101%
604!
35 1
30%;
• 764
8*
i m\
;;sl n%
aw
i.Tl , J.')
13 -I 15 i 15
21%; 21%( 21%
NAME Or fiTOCK.
Kaunas .\ lexna pfd. ■
Louisville ft Nashville.
Missouri raclfle. . . .
Mexican Central.', . .
New York Central. .*.
Northwestern. ....
National Lead. ....
Norfolk ft Western. . .
Northern Pacific. . * .
Ontario ft Western. . .
Pennsylvania
Pacific Mall
People's Uas Co. . • .
Pressed dteel Car. • .
Beading
Rock lela.nl
do. preferred. . . .
Republic iron ft Stool.
do. preferred. . . .
Southern Pacific. • . . ,
Southern Railway, . . ,
do. preferred. » . . ,
fit. Paul
Tehu. Coal ft Iron. . . ,
l>xa* Pacific
Union Pacific
t.. S. Itnbbef.
do. preferred. . . . .
0. N. Steel
do. preferred
Western Union. ....
Wabash
do. preferred.
.j 294
. 197%
‘I 73%
•-I m
&
MSI;
no*.
UK
■38
Total stock snles today, 468,3<hi shares.
NEW YORK.
S’av.. .
Dee.. .
Jan.. .
Feb.. .
March.
fe':
June. .
July. .
tjin.M
1066
iiU9
.|10.18
10.19
10.11
‘.10*25
1(127
10.17
'.10.30
S
laSTi
.110.30
10.31
i».a
'l0.37-4ftjlo.3)-35
10.52 54 1*.43-45
10.14-15 10.03-04
10.19 2"j 10.07-09
10.22-23 10.11-12
10.25-27 10.14-16
,v.«s,. 10.29-30 10.17-1S
....10.28-3)|10.16-18
IAYERPOOL.
Following Is the opening range. 2 p. m.
* J “*"■ —sterday
steady.
and close, compared with yesterday
_ steady.
Previous
Futures opened quiet an*
opening
Range. 2 p. nt. Close. Close,
Nov 6.50 6.64 5.644 6.694
Nov.-Dee. ...5.50 -5.56 6.67
Dec.-Jan. ... 5.60 -5.544 6.56
Jan.-Feh. ... 5.51 -5.56 5.38
Feb.-March.. 5.61 -5.56 5.5V
March-April. 6.52 -5.574 6.59'
5.59
Jithe-jiily ." 7 5.61
July-Aug 6.534 5.584 5.00
5.61 5.62
6.624
5.634
6.64
6.614 6 M4
6.62
MB
6.66
3.644
Closed steady.
NEW ORLEANS.
Following Is the range In cotton futnree In
New Orleana today:
Nov., •
Dee.. .
Jan.. .
Feb.. .
March.
April. .
May. .
June. .
July. .
j 11 I II
....|.....!10.4i
10.29110.32-34
10.2910.9
il0.»41
10.30 10.30
10.30-32
10.34 10.34-36
10.36-37
10.37 10.41-43
10.2u
10.19-20
10.16
10.14-16
10.16
10.17-19
10.11-23
10.21-23
10.26-28
NOTES ON GRAIN
Pointers on Provisions.'
Special to The Georgian.
(From llaywnrd, Vick ft- Clark.)
Chicago, Nov. 20.-—Bartlett, Frazier ft Car-
rlugfou: *Otir foreign advices state thnt
fuinine conditions exist In Russia nud storms
are predicted In the Argentine. Until this
December wheat Is placed we are very like
ly to have a nervous market.
The receipts of coarse grain are light and
we we 110 (HixHihlllty of any material In
crease for gome weeks to come.
I11 provisions the packers seem to he de
termined to have lower prices nud take ad
vantage of strong spots to svil the pro
vision futures.
Local professional* nnd scattered commis
sion houses are sellers of wheat since open
ing. Local talent all bearish. Home buying
of May by commission houses around 31.1*2
011 resting orders.
Chicago Record-llernld: Fifty years ago
yesterday a steamer arrived lit New York
from Liverpool with four days’ Inter than
last previous news, and reported prices all
lower. Rank or England dlacouut rate in
per cent and .failures extensive. At thnt
time wheat was selling nt 63c per bushel
lu Chicago, and the freight by lake and
The lake freight from Chicago to Buffalo
.Monday was l%c on wheat and the rail
rate, Including elevation, from Buffalo east
was 54c on export wheat. The through
wheat Chicago to Liverpool wa*
•f lake
jvhent li _
lath to the Fust. The lack of business can
be directly traced to the disarrangement of
the financial machinery. Like freights are
very low—only 16c from Duluth or Chicago
to Buffalo—am! there Is a big stock avail-
WHEAT PLENTIFUL
IT THE
Free Selling Started Prices
a Large Fraction
Lower.
ST. LOUIS CASH QUOTATIONS.
Oats—No. 2
WEATHER REPORT.
WEATHER CONDITIONS.
The storm In the southwest has moved
northeast. Increasing in Intensity and caus
ing general rains nud high winds along Its
track: It Is central this morning over Ar-
kansns. where the pressure In uhout half
nu Inch below normal. In the Inst twenty-
four hours rains have fallen lu most of the
Mouthern ststes, the Mississippi. Mlsssourl
and lower Ohio vnlleys and on the extreme
northwestern border of the United States.
Bain was falling this morning nt New Or
leans Montgomery. Blrmlnglmm. Memphis,
Little Bock, Ht. Louis, Kausas City, Omaha,
high area has decreased In area hut Increas
ed in energy over the north Atlantic states
nnd Is centered today on the roast of Malue.
The temperature haa risen In the Missouri
and upper Mississippi valley, while over the
eastern half of the map tue changes have
been small.
The conditions favor rain In this section
fonlght, warmer; Thursday clear!ug and
some what colder.
IpenlllZ
%«*%•’
erpool came 4d lower. Northwest _
light nt 3SJ. v,r.u« 610 iM mr. Broom- Minimum and Maximum Temperature*
hall reported rains Iii Argentina and storms flnr j R.: n f-|| r
* predicted where harvesting Is about ana
mmence. — •• —
h are for
OOO.OOt) bushel
Wheat closed l-2c to lc lower, corn
was up l-8c to l-4c, oata l-2c off to
l-8c up anti provisions unsettled.
foreign markets were below n shipping
basis the lack of business would not be ao
remarkable. The foreign markets, however,
show n good margin or profit, and Eastern
millers and distributors have comparatively
light stocks t*t wheat aud flour with wbleh
J F 1
to go luto the winter senaon.
of Tali
__ The closing
igatlon Is now less than three
ml there is little loading of
ft!i
California and Idaho grain men. attracted
y high prices current, are sending requests
here for bids 011 cash oats In those states.
The sample* accompanying the bids show a
heavy weight grain, but the shells are so
much heavier than the Enatern oh tie. that
they are not popular either with feeders or
the oat nienl manufacturers.
Northwestern Interior stocks are now with
out doubt the smallest that they have lieen
In years at thla season.”
THE COFFEE MARKET.
range and close In the
market for today:
i Opening., Closing.
January ..
February ..
April /. .. -
March .. .
May
June
July
August
Hepteutber -
October
November .
■miter .
.. 5.5oft5.GO I 5.5
..j 5.5606.65 ‘ ‘
..i 670.fli.80 j _■
..! 5.6565.70 | 6.6
‘ • o.85 I 6.7*
Closed steady. Hales 78.250 bags.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISION*
. Carondelet end Gravier Ste, New Orleen*.
MEMBERS:
SrlM 1 ! cotton Exchange. New Orleana Future Brokers'' AaMejattm.
Exchange, . New Orleans and Chicago Board* of Trad#,
Cotton Exchange, New York Coffee Exchange,
■sonatou Cotton Exchange. Associate Members Liverpool Cotton Assn
New York and Chicago Correspondent!:
*8. BACHE & CO., AND BARTLETT, FRAZIER * CARRINWON,
ORIVATE WIRES TO ALL POINT&
Highest Prices Paid for
GAME
KELLEY PRODUCE CO, 991 2 Decalur St
CHICAGO GRAIN MARKET.
Following are the Chicago grain and pro-
Oalons quotations for today, compared with
yesterday’s close:
Previous
WHEAT Opeo ' U,8h ' Low * c,oae * Close.
m
Dec. .. 93%
Msy. .. 108%
July 96%
CORN-
Dec. .. 54%
May .. 56%
July .. 55%
m
102%
46%
May .. 5o
July .. 44%
PORK—
Jan.
May
LARD—
Jan. .. 7.70 7.80
May .. 7.614 7.824
HIBH—
Jan. ..6.724 690
May .. 6.85 7.024
46%
49%.
44%
66%
66%
55%
l-rni
CHICAGO CAR LOTS.
The receipts of grain In car lots today and
I Toiler.
Hog*, head. .....
THE 8UGAR MARKET.
New York, Nov. 20.—The local refined ami
raw sugar market is steady and unchanged.
The London beet sugar market today was
quid, with November um'hatiged nt 9s 3d,
and December unchanged at N 8%d.
LIVERPOOL GRAIN MARKET.
TIPS FLASHED
From Wall Street.
New York. Nov. 20.—J. 8. Ilache ft Co.:
London market for Americans mostly below
parity. New York Central, Louisville and
anshville nnd Hteel common are exceptions,
l*elng fractionally higher. The market
abroad was affected by nmmmicemeut that
ft „
1 nlted Htates treasury certificate..
The heavy liquidation lu Rock Island
liomis and stocks wits' the feature lu our
market yeaterday, nnd considerable liquida
tion In other Ismds nud stocks followed.
The market will probably have more such
experiences before the week Is out In vari
ous other securities, hut by next week the
roll^effeeta of gohl Imports will begin to
‘®A
day
New York Financial Bureau: Until the
completion of sporadic liquidation It sectuM
highly probable that the rallying tendency
In the market will bo interrupted, in view
of tho fact thnt It Is practically Impossible
to discern In advance most of this dean-tip
llquldatloti or the necessity kind, because
of the hflsU quarters from which It ema
nates having .superior com-eahnent factor*.
It Is wise, as wo have stntcd. not only to
take reusounhb* profits ou approach toward
the tipper trading levels, but to nwait're-
ccsslous of a sympathetic kind which are
almost certain to.occur ns culminating de
clines on which Judicious purchases can be
made. l»oth by the dally operator and the
Investor, exeept in stocks thnt are •'suspi
cious. There ara so many good Issues thnt
we do not believe operators will find It
hard to discriminate as n rule.
Latest Investigations Indicate approximate
Ihuitntloua ns follows: Union rndfle 107A
113, ss revised; 8011 them Dndflc, 644(69
Heading. 7«(ft82; Northern raclfle, 10441110.
Great Northern, lOOftllG. All these stocks
will he bought confidently by.first-dais pro
fessionals on approach of lower levels with
■ton-orders.
More liquidation appears pending In Hteel
preferred, with no special support yet. The
common finds support around 22.
Covering occurs In New York Central
around 934194, but the aupport Is not posl
tire.
The techulquo of Rt. Paul continues weak
with Western selling and not much support.
Atchison doea not yet show much good
ipport.
Smelting Is covered around 81 again, we
nderstand. %
more favorable.
MONEY AND EXCHANGE.
N«w York, Nov. 20.—Money on call
7© 10; no time money.
Sterling exchange $4.80©4.87.60 with
actual business in hunkers' bills nt
I4.86.76fj4.87 for demand und $4.79
A 79.26 for sixty-day bills.
Prime mercantile paper unchanged.
London bar sliver 27 3-8d. New
York bar silver 59 l-4c.
Mexican dollars 47c.
THE LONDON STOCK MARKET
i : .u.|ci«
Abilene
Amarillo
Asheville
ATLANTA
Augusta
Birmingham. . . .
Bismarck
Boston. ......
Buffalo
Uharlestou
Charlotte. . . . , ,
Chicago
Cincinnati. . . .
Corpus Chrlsti. , ,
Davenport. . . .
Galveston
Havre. ......
Huron
Jacksonville. . , ,
Jupiter
KauiAH City. . , .
Key West
Knoxville
Macon
Memphis
Meridian
Miles City
Mobile
Montgomery. . . .
Nashville. . . . .
New Grleaus. . ,
NVw York
Norfolk
North Platte. . . .
Omaha
Palestine
Pittsburg.
Portland, Me. . . .
Portland, Ore. . .
St. Louis
Ht. Paul
Han Francisco. . .
Savannah
Spokane
Tampa
Taylor
Thomasvllle. . . .
Washington. . . ,
Wilmington
T. hid Jen re* trace
t opened %fr% lower, aud at 1:30 p,
%«4 lower. Closed 4ff% lower,
“toed 4 lower, uml at
COTTON 8EED OIL MARKET.
Following la given tb* opening and dosing
notations of tna New York eottou seed oil
Opening.) Closing.
Albert O. Brown. Edward P. Buchanan.
O. I^e Stout. Lewis O. Young.
A. 0. BROWN & CO..
BANKERS end BROKERS.
30 Broad Street, New York
Member. New York Stock Exchanee
New York Cotton Exchanee, Chloaxo
Board of Trade, Cleveland Block Ex-
change. •
13 Branch Offices, Including
Waldorf-Aatoria Hotel, New Plain Ho.
tel. It Weat ?5tli fit., Flatiron Bid*..
Katie Ar.tioRet^IiO^ri^East ttth fit.,
Atlantic City, N. J., Chicago, Cincinna
ti. Detroit, Toronto, Can., Buffalo
Cleveland, Waahincton, D. £.
Ever)- faculty for prompt execution
of ordera on all exchanges. I
ember.
December. ,
January. .
closed steady. Miles. 4,m barrels. Crude
oil: November 21fp22, December 22tr224. Jan
uary ---v-J.
Atlanta Oil Markat.
The following quotations ore based on ar-
tunl transactions: Prime crude f. o. b. mills,
November 20Q21, December 214(214, January
NAVAL 8TORE8.
H|htIsI to The Georgian.
Havnuuub. Go.. Nov. 2J.—Tnrtientlue Is
steady at 474**: sale*. 149; receipts, 658.
Kosln firm: sales, :v_6; receipt*, s.nng; uiti-
•U»w glass. $6.«; water white, $»l.T); X $5.»j;
M. $5.25; K. $4.8ft; I. HID; II. $3.3uf|ft»; li
F. SSS3.5*: E. IS.yif.5 3-; DVB A.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
GENERAL WEATHER FORECAST.
Washington. Nov. 20.—Weather conditions
ami general forecast:
The South western disturbance of Tuesday
morning has moved to Arkansas with great
ly Increased energy and has been attended
by general rains throughout the central val
leys. the gulf and the plains states. Exces
sive rains occurred In (tortious of Arkansas,
Louisiana anil northen*tern Texas. The
rains also continued in the mirth Pacific
states. The northwest dlstnrlmnre has
rcacheii Manitoba and Is still without pre
cipitation except 11 little on Its extreme
western edge.
Temperature* nre eonslderahly higher ex
cept III New England, the middle Atlantic
Rtutes, the extreme southwest and the north
Pacific Htates. •
Bain will lie general tonight and Thursday
In the Ohio valley, the lower lake reglou
nnd tlm middle Atlantic stat'-s. In the
.Smith Atlantic states rain tonight will be
followed by generally fair weather Thurs
day, while In the cast gulf states the weath
er will Ih* generally fair aud colder tonight
nnd Thursday. It will be warmer tonight
In the Atlantic states and the lower lake
region.
8p«cial Forecast.
Storm warnings are displayed on the lew.
er lakes from Erie to Detroit and uppet
lakes, except In the Duluth nnd Houghton
Thursday rain; fresh to brisk east to south
east winds.
Roiith Carolina—Rnln nnd warmer tonight;
Thursday partly cloudy; fresh to brisk east
southeast winds.
Georgia—UaIii ami warmer tonight; Thurs
day party- cloudy and colder In western
»i»d Thursday! fresh to brisk south to west
Anaeomla
Amalgamated Copper ..
Atchison
pref
Baltimore nud
Chesapeake aud Ohio
Chicago uml Great West. .
Canadian Pacific
Denver Bio Grande ....
do pref
Erie
do pref
Second pref
Illinois Central
Kansas nud Tcsns ... .
do pref
Louisville and Nashville
Mexican Central
Norfolk nud Western ..
Northern Pacific
New* York Central .. ..
Pennsylvania
Philadelphia nud Bending.
First pref
Second pref
Rock Island
Southern Pacific ...
Southern Railway
Ht. Paul
Union Pacific
United States Hteel .
do pref
£3
VERY IRREGULAR
Union Pacific, St. Paul, the
Smelters and Copper
Under Pressure.
LOST 1 TO 2 POINTS
Rock Island Bonds Were
Again Freely Sold.
Business Light, j fj
BY T. C. 8H0TWELL.
>’ew York. Nov. 20.—Further liquidation
was apparent In Wall atreet today and the
stock market was very Irregular. The pres
sure In' the early trading waa on UbIm Pft-
rifle. St. Paul. Smelters and Amalgamated.
U»sses In these issues ranged from l to 3
points. There was also further selling Cf
Hock Island l»oml*. They touched thfi low ,
price of the eollapse of yesterday.
Wheat was slightly lower and cotton wda
uhout 50c n bale hlgltpr.
The short selling continued In Canadian
Pacific nml New \ork Central and Pennsyl
vania. but this Is believed to be largely
technical. Pennsylvania loaned at a pre
mium this morning. The rednetlon of Work
ing forces on the road waa distinctly felt
lu Wall street. r
On the curb trading was dull, with no
changes of Importance.
After mtd-dny the market wai firm, with
it moderate volume of business. Trading
was very professional, but the rally on
short* 111 the second hour did not seem dif
ficult to bring about. Stocks are a good
deal oversold, hut- there did not seem to be
much new buying w hen the floor short! had
covered.
Closing bid* follow:
Railway Stocks.
Atchison 89
do preferred
Haiti more and Ohio
Canadian Pacific
Chicago and Northwestern.
Colorado Mouthern
Denver and Rio Grande...
File
Illinois Central
Louisville and Nashville..
Manhattan "L”
Missouri Pacific
.New York Central 93
P< nnsylvanla.. ...108 S-8
Heading 79 1-8
Rock Island 121-4
do proferted
St. Paul .. .. .
Southern Pacific
Southern Railway
Union Pacific
Intcrboro-Metro
do preferred.
Great Northern
Miscellaneous.
Amalgamated Copper ....
American Car and Foundry
American Locomotive ....
American Cotton Oil
...781-2
..141 1
..110 1-2 !
.. 17 5-8 |
...17 6-8
.. 13
. .120
... 90
...110
... 94 6-8
... 66 1-4
... 10 3-4
..109 1-8
45 3-4
25 1-8
35
.. 241-4
American Smelting and Refining 60 3*8
67%
do. preferred
Hi-ooklyn Rapid Transit
Colorado Fuel and Iron
National Biscuit
National Lead .. ... ..
Pacific Mall
People’s Gum
Pressed Steel Car . . »t
Pullman Palace Car ..
Sloss-Shefileld Steel ..
Sugar ..
Western
Mnckuy 1
do. preferred
Virglnla-Carolina Chemtcil..
64 7-8
30 8-8
161-2
. 60 1-2
. 34 •
. 50 1-4
. 74 1-8
. 1G 3-4
.139
winds.
Kentucky—Rain tonight; Thnrsdny rain In
northern sectbui: fnlr In southern portion.
Ieunessee—Rnln tonight; Thursday fnlr.
Lonlslntm—Fair and colder tonight; Thurs
day fair.
MINING STOCKS,
cadhui 53, Caltioiet-Ilecla 57. Fruit 1W._.
Hutto Coalition 102%. Copper Rauge 48.
North liutte 334. Wolverine 1054. Granby
fresh westerly winds on the’ west gulf coast.* 75. Market generally lower.
New York. Boston. Chicago. Washington. Philadelph/ft
Baltimore. Atlanta. New Or leant. San Trancleco. London.
ompahy,
Th? Americah Audit C
100 Broadway, New York City.
F. W. LAFRENTZ, C. F A, Pr.fc G. E. MANWARING, Vico Pro.
THEO COCHEU, JR., Secretary.
The American Audit Company, chartered under tne laws ot New York.
I. empowered to examine the affair, of, and make report, upon the finan
cial condition ot private and public concerns for director!, ofllceri and ln>
dividual*. Tho preparation and Inatalltng of xyitema a special ty.
ATLANTA BRANCH. J01G-1016-1017-101* K>. URTH NAT’L BANK BLDG.
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Addresi. Amdlt, New York.
UNION SAVINGS BANK
Assets $280,000.00
Commercial (checking) and Savings Deposits Solicited.
Strong, Conservative and Experienced Management.
4 Under State Supervision. A
' PER CENT
On Savings Accounts a
Late Hours Saturdays for Savings Depositors.
Boston. Nor. 20.—Fallowing wa* th,» hM
ind naked pffct on Georgia Hallway uml
today; A*k«*ti 7& Nv TLmridayr^frMh sout'bwest 'tv uJrtUwriit
fair and mldrr; fmb to brisk south to wwt
Wind*.
Ml**i**lppi—Fair urn
«Wor tonight and
»*• «. «ii»ier*»/.v, view, iv.iu.ui. .uwjino v,, Llini.i, Llliiirr,
JOSEPH A. srcoiiD. Vlc.-Pmld.oL U. w. UTints, AnliUn: Coibtw.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. ft. W. CALHOUN.
II. ). M’COBD,
FRANK HAWKINS,
n. M. ATKINSON.
JOSEPH ft. Al'CORD.
J. O. NUNNALLY.
J. CARROLL PAY2GL
E. B. nOHSBR.
DAVID WOODWARD.
THE AUDiTCOMPANY OF NEW YORK
The Oldest and Forencs! Corporalio.'i Engaged in Accounting
Bell Bhone 3309 Main. 1310 Candler Building.
HARRY M. RICE Southern Manager.