Newspaper Page Text
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THE ATLANTA GEORGIAN,
TiirnnoAT, koteuber is
FOR m STUFF
Futures Reluctantly Follow
the Advance in Spot
. Cotton.
BEARS ARE NERVOUS
».«
Covering Movement and
Good General Buying
Advanced Prices.
New York. Nor. 15.—The cotton market
at the opening showed unloading. Induced
by weak cable* from the Liverpool market.
The profeailonal element waa a free aell-
er. believing that the market had gone high
enough.
Actual cotton and cotton for future de
livery are playing see-saw lu Liverpool,
though, ao long ft* the apot article holda
the blah end of the plank, holders should
l*e Mitlaflcd.
First cables this morning reported spot
cotton steady 8 points higher at 5.75d for
middling. Spinners were again buying on a
liberal scale, their takings today aggregat
ing 12,000 Imle# at the advance.
Futures were due to come unchanged
higher ou New York’s closing, but the
tone was called easier at SWft P° n J»
lower. The cloao waa ateady 2ff4% polntr
down.
Following is the range lu the active
months in Liverpool today.
Open. High.
November...... 5-6®
Jnnuary-Februnry 5.39 a.\.
March April 5.44 5.4*1
May-June 5.48 5.52
New York’s response to the decline lu
futures in Liverpool was some 3B4 points
greater than due. firm prices Ix-lng At 11
points below the doting of yestenlny. the
■lump being attributed t<> profit-taklug and
sales by professionals, who say the price
has gone high enough.
The spot situation Is still strong, nnd
l»a«l weather lu the ensteru lw»lt Is a factor
making' for strength, which gives the bulls
the advantage.
The trend of*prices during the first hour
was downward, during which time the
low point was touched, an additional de
cline of 24*# points being added to the
opening slump. . ...
A general buying movement developed
around the l*»w point. and It wn* easy
Killing from that time to the closing for
file bulls Hhorts were quick to see they
had been mistaken as to the high, point.
there,if** a scramble to rover, early sell-
«fs ttrinsl* bayrrs. the result Indug a sharp
mid rapid advance, all the months erosslng
tlie 10c mark again. ..... ..
The key to tut* situation Is held by the
holders of the actual article. They are
nenrtng ft point at which they can name
the price: that Is. a mice much higher
than quoted a» present,
the demand Is urgent
a>»i* p"wr
<,1 R| ,e ?hfi ln«t hour Ilir-rc wn tinmomlotiK
pressure brought to bear on the mnrket,
which, combined with realising Hides, broke
the market a few points from the highest.
Trade wn* very active, with the close
steady, the near positions being 14 to 22
liolnts higher, while the distant mouths
were 8 to 0 point* higher.
Exporters, unable to procure eottou, are
steady buyers of contracts.
NEWS AND GOSSIP
Of tho Fleecy Staple.
Private Wire to Olbert k Clay.
New York, Nov. 15.—Liverpool at 13:30
p. ra., 2%4M lower. Waa due about un
changed to 1 higher. On this basis, we
should open 3 lower on near and about 8
lower on distant.
The market la find, reflating aggressive
attacks of the bears.
Tht Journal of Commerce: ‘‘The out
ward movement of goods In unusually
hetTy, due In part to the announcement
that lake navigation will close November
17 In so far na the acceptance Invoices
from Eastern points ore concerned. Buyers
in the West and Northwest are urging
earlier shipments on gonna bought for de
livery next mouth, while the secondary
shipments of heavy goods of all kinds on
duplicate orders are very large.’fcn
New Orleans, Nov. 15.—Liverpool 3<M
down Is disappointing. Waa due 1#2 up.
The most favorable feature of the market
la the large spot sales—12,000 bales.
Weld, of New York, wires: ’'Market baa
n very steady tone. Looks higher os long
as’ South continues firm.”
dertone to exist, and the mai
though would work grr "
day's tnap Is very __ ,
Mississippi river, where general and
heavy rains have occurred and tempera
tures are much lower. In Texas and the
west, the weather Is clear, dry and cold.
The western forecast Indicates fair and
warmer weather generally tonight. Tomor
row Increasing cloudiness and colder In the
northwest portion. . . . ..
The eastern forecast Indicates fajr weath-
p throughout with lower temperature*
He eastern portion and warmer In
gulf. A . _
The spot market Is reported Arm, w
offerings poor, but an active demand. Ill
or prices are being naked, but wbutl
quotation* will bo ehang«*d Is a question.
New York Commercial: Mike Thon
esme to the front yesterday: of course.
ever, ♦aterday. In response to i
sell nt 12*4 rents by Mnrrli. Think Texa>
will make 3.3 with continued good weather.
More than 80 per eent crop has been picked
and sold. Everyone has Texas overesti
mated. 1 can’t make total cron over 11.*. ’
,l\ 11. Toliln, with Atwood Violet t k Co.,
Issued n crop estimate yesterday of 11.6G6.-
71 bales, lucludlng Hnters; without llnters.
ifr. T«blu makes the crop 11,491.871 bale*.
A New Orleans wire said: “Market ad
nndtig on report of big demand for spot*,
uml fear next census will be construed
bullish.”
Almost every day there Is a central Idea
thrown out that Influences the market; they
are perhaps more often wrong than right,
but for tlie day nnd the hour they have
their off«*et. The Idea that governed yen-
. rday’s market was that big spot people
cotfld not get the cotton teey wre under
contract for, that they hnd concluded that
New York wns to make a radical revision
of grades, and that therefore they had de
bits! to Jump lu and bull the market.
One story that Is being told Is that for
nlmost the first time “In tin- memory of
muu** the customers of the Houthern bucket
shops are short, if this Is *<», there nre nil
I - .is of
might be taken to
lows down Mouth i... ■ JHi.
l»e taken to mean that the bucket shop
are being forced to sell in order to
hedge themselves, and It might be taken
to menu that they are hulling the market
to run out their customers.
New Orlenns got the tip that there was
to lie a revision that could not fall to send
York prices above those of New Or-
’ it very suspicious that u New
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-five
years' experience of ed
iting markets In Atlanta
and the South has made
him a recognized au
thority In b!s specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amatfc*unnted Copper.
Anaconda. ......
American Locomotive,
do. preferred.
Canadian Pacific.
Chicago k Northw’o. .
Chesapeake k Ohio. ,
Colorado Fuel k Iron.
Central Leather. . . .
do. preferred. . . .
Chicago k Great W. .
Chicago, M. k ML P. .
Delaware it Hudson. .
Distiller's Securities. .
Erie
do. preferred. . . .
General Electric. ...
Illinois Central
Am. Ice Securities. . .
Louisville * Nashville.
Mexican Central. . . .
Missouri Tactile. . . .
NAME OF STOCK.
N. Y„ Ont. A Western. .
National Lead
Northern Pacific. . . .
New York Central. . .
Norfolk 4k Western. .
Pennsylvania. .....
People’s Gaa
Pressed Steel Car. . .
do. preferred. • . •
Pacific Mall
Beading
Republic Steel
Bock Island. ......
do. preferred. . . .
United States Rubber.
da preferred. . . .
Southern Pacific. . . .
Southern Railway. . .
do. preferred. . . .
Sloss-Sheffleld; ....
Tenn. Cool x Iron. . •
Texas k Pacific
Union Pacific
United States Steel. .
do. preferred
Western Union.
Wabash .
do. preferred. .
5
* »r
148**
and
York crow
ndvantai
cf was playing this to Its own
the natural result wa* that
MMinV* nt lTniteil statu* advantage; the natural result wa* that
Comperatho receipt* at Luitcu | ^ew Ofumns ppt alarmed, and sent buying
Set receipts today rj sg orders-here. , *
Marne day last year
I (Increase
Ht*I receipt* for five days ..
time day* last year 3 U , 5J-*
t Increase..-, • ••* ***.J>-»
Total tecelpta since September L...3.424,078
Same time last year 3,209,410
Increase
Estimated for tomorrow:
1906. 1905.
New Orleans 11.000 to 14,000 15,208
Galveston?. .. .. ..M.00O to 19.000 20.971
lloualqn. . . 14,000 to 17,000 17,262
Movement at Atlanta:
Receipts today J*!*®
Same day Inst year ,i ‘ l -
fvM
Shipments today *•••
Same time last year -.819
Decrease L®**
Stork on band today JVjJJ
Same day lost year ,
Increase....
8P0T COTTON MARKET.
Liverpool. .potI rotton -Irmly; inhMIliif
niil.nd. D.;r-l; sales 12,00a; Anicrlrtiu 10.*
7.1); -prrulni Inn nn.I ..port 1,500; riTClpt,
24.300. ,11 Anicrlcnn.
fete! deliver* on
rtmtract 1.800. .
New orleaii*. firm nt 103-lw\
lb»*ton. steady at 10.70c.
Wilmington, steady nt &%«-.
Norfolk, firm «t 10%c.
Mavannab, ateady at 915-hV.
Ht. Lout*. steady at WHe.
Mobile, firm at 911-lfle.
Augusta, flm «t Sac.
TODAY’S PORT RECEIPTS.
The follow!tig table show* receipts at the
ports today, compared with the same day
last year:
New Orleans. .
Galveston. . .
Mobile
Savanunh. . .
Charleston. . .
Wilmington. .
Norfolk. . . -
Boston
Pacific Coast.
179f.fi
24396
12»rj
NU2
2021
fiM2
1506
Total.
.1 SUK) ) 49157
INTERIOR RECEIPT8.
The following table shows receipts at the
Interior town* today, compared with the
same day lust year:
'"I
19* | 1W,
1 !<H*7 6291
Angu*tn
Mt-mphls
Nt t*>ui*. ......
t'fnHnnatl. ■
Tutsi !
! S994 1 15771
CHICAGO CAR LOTS.
Below Is given receipts today aud esti
mated receipts for tomorrow:
Todnv. Tomor.
DEMAND FOR SPOT
CARDINAL FEATURE
New York, Nov. 15.—The Sun says: “The
dtunand for the uetual staple coincident
with reduced offerluga by the Mouth Is
the cardinal feature of the situation. Indi
cating plainly enough that the legitimate
trade I* In's sound condition. This Is the
ease not only here, hut across the water,
aw wltues* the Increasing activity lu the
•not bti*itie** of Into nt Liverpool. Man
chester was buying freely thefe, nnd so
were shorts. Moreover, large spot Inter
est* were buying In New York, owing to
the fact that It la so difficult to buy at
the Month. In fact, the planter nnd the
splutter nre making the market, uml the
speculator I* obliged to nequleucc. • Koine
leading local operator* are working on the
bull side, blit It I* the spot situation which
dominates everything, nnd which by main
force has latterly raised prices here and
In other big speculative markets. After
such sudden and sharp upturns, some re
action would not be surprising. For nil
that, turnover, the underlying conditions
of the cotton business lu tills coiiutry and
In Europe are undoubtedly sound, and It
look* to many as though prices must ulti
mately reach a higher level, unless the
crop should prove decidedly In excess
of the requirement* of the world. Two
event* will occur next Wednesday which
may have much to do with the future of
tile market. They are the meeting of tin*
revision committee of the New York cot
ton exchange and the publication of tin*
quantity of rotton ginned up to November
14. Meantime, the sentiment Is more bull
ish than It has been for n good while.”
New Orleans, Nov. 15.—The Times Dem
ocrat says: “A preponderance of evidence
favored the staple, and bear attacks uYall«*d
but little, most of the day * in-*’ mu gain
being held. Bulls had the . ,t trade
demand, the weather mop, the -t move
ment, bullish views concerning iUe coming
gluuers' report, nnd the co-oiiemtlou of
hedged actual cotton short*, wuo are wor
ried over the ndvanciug tendency of the
f. o. U. bast*. Hear* hud tin* fear of a
fun her advance today In the Bank of
England's discount rate, the yet unshaken
lielief In a monster yield, aud the possi
bility that low grade tenders will be used
NEW YORK.
Tht following Is tb* rango In cot to* fu
ture* In New York tofiMj!
i
*
5
n
§
a
VJor. . , . .
Doe
Jnn
Feb
March. . . .
April. . . .
M*»y
June. . . .
July
lo.&V
9.89
9.90
ib!o6
jo.ii
10.24
10.30
10.20
10.19
i’oii
ibiio
io!44
10.K
'IS
io.66
io!io
*10.20
10.26
10.14
10.13
10.26
i6!r
ia44
W.40-4S
10.14-ir
10.11-14
10.22- 24
10.23- 24
10.29-31
10.32-33
10.37-39
10.40m
ib.i^-19
9.96-10
9.99-10
10.06-10
10.14-15
10.20-22
10.23-24
10.28-30
10.82-34
t'(oat'il ateady.
LIVERPOOL.
The following figures give the opening
range end close, comparer with yesterday s
close. Future* opened firm.
Opening Previous
Range. 2 l>. m. Close. Close.
November,. .5.50 -6.49 5.49
Nov.-Dec. .. .5.44 -5.44% 5.43
Dec.-Jan. . . .5.18 -6.41
Jan.-Feb. . .5.39 -5.40»
Feb.-March.. .5.41%-6.43>
Mnrch-Aprll. .5.44 -6.45
Aprll-May. . .5.45%-5.49
May-June. . .5.48 -6.60
.Tune-July. . .5.61 -6.63
July-August...5.52 -5.53% 5.53
Closed steady.
NEW 0RLEAN&
The following la tb* rang* In cotton fa-
tures to New Orleans today:
i
M
3
s-
51
J
||
Nov
Dee
Jnn. . . . .
Feb
March. . . .
April. . . .
May
Jnue. . . .
July
10.28'10.28
9.94 10.24
lO.OO!10.29
iaiejiikifl
iolse io!56
10.28
9.26
9.91
io!oo
io’.26
10.28)10.19-21
10.19 10.16-19
10.24 10.23-24
10.30-32
lOJOtiojHO
10.45-47
10.50 10.53-54
! 10.69-61
......110.67-69
10.00-01
10.00-01
10.06-06
10.11- 13
10.21-22
10.27-29
10.36-A!
10.11- 43
10.48-50
Closed barely steady^
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Glbcrt k Clay.
Chicago, Nov. 15.—Do not believe It will
pay to l»c swayed by pit conditions, which
often Indicate weakness. Would disregard
them utterly and buy May wheat on every
dip.
Corn should do better.
Chicago Chronicle: “A prominent elevator
concern with 180 house* through Minnesota,
South Dakota nnd northern Iowa report*
only 150.0UQ bushel* In nil of Us houses.
ugoliiNt over 2,200,000 bushels at this time
last year. Another elevator concern of the
northwest says houses through centrnl and
southern Minnesota and North Dakota aro
practically empty. In the new sections of
North Dakota, however, at points where
there are uo competing railroads and ele
vator facilities aro scanty, wheat Is being
piled on the ground.
“In hla weekly review, Broontball, the
well-known English stntlstMan. asserts
that the preliminary estimate of an ex
portable wheat surplus for the Uulted
state* made by him July 3 last of 135,-
(jmu.OOO bushels promise* to I*.* far nearer
the truth than the one of 200,000,000 bushels
made August 21 after receipt of tho opt!-
itlmates —*— —-- *
mlstle
made by Messrs. Jone*
plu* <>1 iM),W|VW mwiicia IIAMU IHW tvilil-
try and Canada are classed aa ridiculous.
Ilo now claims a total of 160,000,ono bushels
n* nn outside estimate, a* against - —
cent estimate of 180,000,000 bushels.”
Record Herald: “The great bulk of the
nearly 9,000,000 bushels of contract wheat
here is held by the few nnd Is enrulng
good wages In a storage way. so they ore
not anxious to part with It—the new croi
Is months away, and a lot of wheat wll.
I»e needed In commercial channels In the lu-
terlm.”
THE WEATHER.
LOCAL FORECAST.
For Atlanta and Vldnlty-rPsrtly t
tonight and Friday; not so cold.
WEATHER~C0NDITI0N8.
reports from the storm swept sectlo..
Mississippi to the effect that gin* hnd be
gun to run on half time, aud from Texas
iliat carnival* were Iwdng held, ‘*
Charlotte.
Chicago. . . .
Cincinnati. . .
Corpus Christ,!.
GIBERT & CLAY
State had _____ . _ _
make the people, therein prosperous, and
even hiviHli. While friends of the staple
are In uo mood to admit the approach of
••veil n temporary cluck In tin* advancing
tendency, analytical bean* uiqiear to b«*
finding some guarantees for tpe very wear
future In the limited speculation follow
ing the substantial price gain. Liverpool's , , ,
lend, however, will probably prove the Corpus ChrlsU.
guiding light, nnd Europe I* short of actual i Drt'onpori. . .
cotton.*’—Glbcrt k Cl*y. j {•» • •
* Fort Multh. .
- - - - I Galveston. .
j Havre. . . .
THE LIVERPOOL GRAIN MARKET.:
Kansas City.
Key West. .
Knoxville. . .
!'• ***** | Los Angeles.
Macon. ....
, i Memphis. . .
M. rldia
The storm nren that wa* centered near
Meridian yesterday mnrntug has moved
northeastward and is now central near Nor
folk, and la causlug unsettled weather from
Ohio valley southeastward. Know -
ng at Pittsburg. Cincinnati, and Kn
vllle, and rain at Jacksonville, Washington
nnd New York. Moving In over the ex
treme northwest Is a second «ren t of low
pressure, centered near Mpoknnc. where the
uarometer read 29.16 Inches this morning.
A slight high U over New England, but
the presNure I* nowhere much In excess of
the normal. Over the Interior of the coun
try the pressure I* rather flat with mostly
cloudy weather. In the ls*t twenty-four
hours ruin or snow ha* fallen at most sta
tion* east of the Ml*sls*lppl and along the
northwest border of the United Slate*.
The temperature has risen on the Mouth
\thintle coast and over Florida, whin* at
iiost other atatlous the changes nre smnll.
The conditions nre favorable for partly
■loudy weather In this vicinity toulght and
Friday not so cold.
Minimum and Maximum Tamparaturaa
and Rainfall.
observations taken at 8 a. in., <5tb meri
dian time.
Abilene. . . ,
Amarillo. . . ,
Asheville. . , .
Atlanta. . . . .
Augusta. . . .
Birmingham. .
Bismarck. . . .
Boston. ....
’Iiarlcston. . .
WHEAT MARKET
WASJERT STEADY
^Declined Slightly *at the
Opening, Recovered and
Closed at Highest.
Chicago, Nov. IB.—Wheat Hold 3-80)
1-2C8 higher for the day. The action of
the market woe a nurprlse to more than
one mail In the trade. It waa lower
during the morning, but with ehorts
anxloue buyers, here and at Minneapo
lis the entire situation changed from
a bearish to n bullish market. The
carh markets were alow because of the
advance.
Argentine uhlpmenta are eatimated
for the week at 800,000 buehele wheat
and 2,800,060 buehele cam.
Primary receipts of wheat 913,000 and
corn 443,000 buehele, compared with
1.259.000 buehele and 681,000 buehele,
reepectlvely, a year ago,
Clearancee for the day were 619,000
buehele wheat, 170,000 buehele corn and
6.000 buehele oate.
Com cloeed l-8@6-8c better; oate
were up l-8c and provlelons gained nil
the way from 7 2-2©4Bc.
CHICAGO GRAIN MARKET.
Clileugo grain nuil pravlalou, quotalloue
for today follow:
Open,
WHEAT-
rtec.... 74',i
Mar.... 79
July.. “'
i4u
84*
;b«,3
33S
14.42*4
I4.r.pl
43*.
44>a
3444
:ss
U!>4
STOCKS REVIEWED
BY NEW YORK SUN
Private Wire to Glbcrt k Clay.
unchanged.
John D. Rockefeller iudictcil In Ohio.
Foreign money outlook steadily Iiaprov
I'resldent Roosevelt reaches Pamyun.
Talk of complete merger of Iliit roads
made greatest gain In coal tonnage of all
Xovemi _
of 30.11 per rent.
Twelve Industrial* advanced .95
or cent
Twelve ludustrinis advanced .95 per c
Twenty active railroads advanced 1.8b
cent. #
Financial Rurenu: 8t. Paul took opposlug
•took easily yesterday with uo check of
luiiNirtance, and unothcr advance seem*
likely. Information is still bullish on a
deal gossip.
We strongly advocate the purchase again
of Steel. St. Paul and Union Pacific for a
pull. They should be taken on nit reces
sion*.
Louisville nnd Nashville I* a favorite. Its
Immense earning power will Insure u higher
dividend rate soon.
Copper can 1*» raised still higher, and
we continue bullish otf It. while t»ellevlng
tho best results to be attained by pur
chases on soft spots. The same tuny be
said of Atchison,
If Smelting takes the 156 stock entirel
7i&
It should be raised In neconl with
tip. shove 163.
Heading may meet a little stock around
17. A MveelftUftt la UulllsU on It still.
Philadelphia Is bullish ou Pennsylvania
and New York Central. We would not
overlook the bullish features of Baltimore
Urgent Short Covering !m j
Heavy London Purcha-ies
Forced Gains.
SHARP DECLINE i.A'I »-; R
St Paul Was Erratic, While
Reading Was in Press
ing Demand.
New York, Nov. 15.—Tho heavy lunin-
Northern Pacific stock during the pa«t p-w
days Is leased on forthcoming rights whl.-k
will amount to about $40 per share and
possibly $45, or more. The plan f,* r ihit
distribution, which Is understood to !*• <]#.
elded upon, -nnd awaits the arranging
minor details and propitious time r
no tin cement, calls. In the first pin,
the authorisation nnd Issue of a of
•apltfli stock to the extent of about 130,
000,009. This stock will bo offer«*d to tin
stockholders at part, tl Is underetiMHi t h*
proceeds will go for the pnrehas** of
equipment and Improvement and f4. r ,- a pi-
tallxlng construction. On Jnue so. | n Ft. the
accrued surplus revenue of the Northern
Pacific amounted to nearly $20,0-10 om n
wa* more than balanced by nearly S22.!m
'•ash on hand. The treasury of the N’nrl
•rn Pacific as of that date wn* rlVh i"«
••■--“lit asset*, showing nearly $54,O0O.»Oo of
as almve. wn* i n * the
baud, niul $12,980,ijOO la
DAILY COTTON LETTER
New York. Nor. 15.—The Bun says: “The
main considerations affecting the market In
the earlier part of the day’s dealing* were.
In the first place, Indication* that the re
cent money squeeze wns over, or. at
least, that no such high rate* for funds
on call were likely to be asked In the
near future ns xvere on Monday last, and.
In the' second place, that threatens! labor
trouble* on various railway line* were
nil In the way of clearing up nntlNfncto-
rlly. No doubt, however, the greatest In
fluence exercised for a rise In stocks yes
terday wns that afforded by the sens:itlminl
upward movement In Ml. Paul common
stock which began Tuesday. Yesterday the
urgency of the buying of the stock scciued
to Indicate that on outstanding short In
terest In the security was being rapidly
driven to cover, or that some deni affect
ing the property wns impending.”—filbert
& Clay.
COTTON SEED OIL.
Novemlver. . . .
December. .’ . .
January. . . • •
February. . . .
March. . • . . •
May
Closed strong.
Nett- Orleans. Nov. 15.—Liverpool was 1111*
•sponsive to the American advance of yes
terday, despite the fact that the foreign
dcniund for s|Hit cotton has considerably im
proved, sale* today aggregating 12.000 bales
nt nn advance In quotation* «»f 3 points.
Options closed 44*5 point* lower than the
previous day’* level*. The present advance
ha* resiilteil from natural 4*nuse*. No out'
side support to speak of liu* been notleca-
ble, and the strength of the undertime h/ls
been derived from the Insatiable demand for
*IK>t cotton, and, uo doubt, contracts have
been largely resorted to by exporters lu
their Inability to *c*curu the uetual stuff.
Frequently attempt* ft re mnde to force price
levels lower, and a* often do they succeed
lu so far a* 11 few point* are i‘Oiiccrued,
but the old-titue l»enr activity I* slowly
becoming Icmm Influential, and in Its stead
ii growing disposition Is manifest to aid the
Inclination to Improve. However, while the
weather lit the eastern l»elt ha* for the
past day or so been cold and wet, there
has lieeii no curtailment of the large es
timates of the flnul yield heretofore exist
ing. nml the new phase that the trade has
assumed in supplying arguments favorable
t« high price* I* that present Indications
point to the ability of the mills to consume
au Increased amount of cotton over previous
year*.
1bl*. nearly
form of rash
ie form of free securities.
Now York. Nov. 15.-The stock market
opened nt general advances, which extras
e«l to 1% in Anaconda. Loulsvilh) -mil
Nashville up L’ltnnrilnu Pacific Sump,
lug fa Atchison and Uolorado Fuel
Southern Itnlhviiy *4, New York ivotnl
and Mteel St. Paul opened up ’« arid
ted Union Paetfle started a ; higher
‘ n<l irl
witii
Tho stock market was feverl*h
regular n|l through the first Imu
urgent covering of shorts and hen 1
don purchases forcing gain*, while r
sales on a large scale filled the det
times nnd caused some sharp re
frVmi highest price levels. St. Paul
‘ " nlti ‘ * “ ‘
__ „ 34 4*341
33 $3£tf 34 4134V
33U4f33*i 24 UM{
&33*4 34«4«*M(
THE COFFEE MARKET.
• New York, Nov. 15.—The mnrket opened
steady nt unchanged prices nml ruled quiet
during the early session. Male* around 5
point* above the closing bids of yester
day, but there seemed to he quite a good
deni of liquidation of December, and price
lu the early afternoon were about net un
changed. Heceolpt* were uot quite *0 heavy
a* the previous day, reaching 82.000 bags
ebux-
.)ee 42%
May 434,
July 44%
OATS—
Dec 34%
May.... 35%
July 33%
PUHK-
Jan... 14.50
May... UJS
Nov... 9.50 9.87% 9.50 9.85 8.42%
Dec... 8.85 8.95 8.82% 8.95 8.80
Jan.... 8.60 8.70 8.55 8.,9 8-'**
M1DKM— * „ __
Jan.... 7.80 7.85' 7.i2% «-S2% 7.m»
Stay...- 7.W44 7.** .Mi.. <•*•!»
CASH WIllUT— .
2 r,-6 75*76 „omlu,il; Xo„3 ,lo 73*im
nominal; Nu. 2 Imnl. wIiuit 7,417c: ,No. 3 -I—
WEATHER FORECA8T.
Wheat—Opened uueh*iigc*l: at 1 UP> p.
s higher; cliwt-tl micbanccil.
u«»ru —Gpenwl unchanged', nt 1
|V\ higher: c|o«*l lower.
Mile
nt\
ATLANTA. GA
STOCKS. BONOS.
COTTON, GRAIN.
corrcc. provisions
MEMBERS .Norfolk.
New viirk r.ittn'a Ewt hmnSm't Si Nx» hange. ’ chU'Sgo Board of Trade. North Platt
v“S ass? Bfe; s; 8sis •, “ks- •—«»• • •
. i ^ . _.'■«!VAT* WIBBS TO AU- FACHAMJ^ 1 ^ 0 " C ° ,tOU El ‘
L««I and Lons O.iUnc. T.Uphon. 5298. C. E. KEPLINGER. Man.ner,
ISC ALABAMA ST.
New York Mtock Excliange.
Mobile.
Montgomery.
NaehrHie..
New Orleans
New York. .
Norfolk.
ALONZO RICHAROSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bel! Phone, Main
V1LANTA. GEORGIA.
Palestine,
Pittsburg. . .
Portland. Me. .
Portlaud. On*.
■ St. lo>ul*. . .
I St. Paul. . . . ,
: San Frnneireo.
! Savtuiuali. . . .
Georgia—i’loudy Thursday; ralu lu south
east portion; Friday fair.
Louisiana, West Florida. Alabama, Mis
sissippi and East Texas—Fair Thursday and
Friday.
Tennessee—Fair In west: rain or snow In
•ast portion Thursday; Friday fair.
Illinois, Indiana, Michigan. Missouri. Min
nesota—Fair tonight nnd Friday; warmer.
Wisconsin and Iowa—Fair tonight; Friday
Increasing - cloudiness, with snows nnd
armor.
North Dakota and Month Dakota—Kain
nml warmer tonight, probably turning to
v; colder Friday.
Miuuoapoli* wired; “This talk about
house* !m*Iuk full of wheat I* rot. The
average capacity of country houses is about
3,900 bushels. They have got to set apart
1 certain portion of each "house for spring
\heat, ontif flax and Isisiey, am! a* all
»f these grain* are raised lu all sections
*f the northwest, you eau draw your
•wn conclusions a* to bow much wheat
•ach bouse contain*.”
ns (he previous day, reaching 82.000 bag*
nt the two ports, against 104,000 reported
yesterday. A holiday wns reported last
year.—Glbcrt k Clay.
Following table gives o|**nltig range and
close of the ” “ — ^ *
today:
New York coffee market for
Jauuary
February
March
April. ..
May
June
July
August
September
October... ,
November
December
Closed steady.
Opening
Unttce.
.. . ,6.10-6.15
.. ..6.15-6.20
.. ..6.30
.. ..6.30-6.40
.. . .6.40-6.50
. ,6.50-6.60
. ..6.66-6.65
. ..6.65-6.75
. ...6,75-6.80
.,8.80-6.9*)
... .5.90 6.05
.. .6.05
Close.
fl.10-fl.lli
fl.15-6.25
fl.26-fl.30
fl.35-fl.40
fi.40-fl.45
fl. 50-6.55
fi. 60-6.65
6.65-6.75
6.75-6.80
fl. 80-6.85
NORTHWEST CARS.
i give the northwest
week nnd la*t year:
List Last
Today. Wi*i>k. Year.
.. ..324 355 476
. ..254 609 391
SOUTHERN EXCHANGE
Oldest Established Office South.
COnOK STOCKS BONDS—GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
L. J. ANDERSON & CO.’S
DAILY COTTON LETTER
New York, Nov. 13.—The market this
morning wns lu a Ie** sensational humor,
but after it somewhat weak opening, n
steady tone developed ou good buying and
price* gradually worked upward to yes
terday’s level. Liverpool opened about i%
off, Instend of 1% up a* expected, nnd In
creased this decline to 4 (mints nt the
close. Sp«ds, however, were In demand III
that mnrket nnd sales run up to 12,000
bales. Price Interests appear to be buying
steadily on nil reactions, and short* are
getting out ou nil favorable recession*. The
trade lu general Is still very much nt sen
as to the probable yield, the guesses con-
tinning between 11,500.000 and 14,000,000
bale*. One thing, however, which seem*
to bo unanimous I* the expectancy of a
large consumption, and the estimates In thi*
respect seem to la* on the rim* rather than
otherwise. Ports continue heavy, but show
n tendency to fall off. Wo continue to be-
llevo the yield will luirdty be a* large
Irregular, opening at 183, declined to isi^,
then advanced to 3S3K. reach*! to 1S2M
nnd rallied to 183. Union Pacific
1%. Reading wns In pressing deni nml.
wns one or the strongest stocks of
list.
Government bonds «<iuckauged. n
bond* irregular.
SEABOARD AIRLINE.
Following were the closing quotations s!
8caboard Air Line, common.-
do, first preferred
do, second preferred. ...
do, ten-year 5s
do, three-year 5*
do, 4*.. ■
LONDON 8TOCK MARKET.
8TOCK8—
Amalgamated Copper. ,
Anaconda
Atchison
Baltimore aud Ohio...
Canadian Pacific.... .. *.
Chesapeake and Ohio..
Uric..
do, t(referred.. .. .. ..
Great Western
Illinois Centra!
Kansas nnd Texns
do, preferred
Louisville trad Nashville.. ..
New York Centrnl
Mexican Central
Norfolk and Western
Northern Pacific
Ontario and Western
Pennsylvania
Philadelphia aud Reading.
Rock Island
Houthern Pacific
Mont hern Hallway
do. preferred ,,
Mt. Paul
Union Pacific
United State* Mteel
do, preferred
m
§
43%
17%
u
69%
41*4
128 %:
93% ;
223% .
457*
139% 139%; Kb
1441141117* *: 145' i
29^ ;
128%! 127’
183%
185%|I«%
47% 4'i%
THE SUGAR MARKET.
Now York, Nov. 15.—Local refined i
raw sugar markets nre steady ami
hanged. • London beet market easier.
CENTRAL BANK AND TRUST CORPORATION.
Indieidiiu! firm* or coriHmitlon* i
elutnglng their present one. are Invited to __
ti» extend them every courtesy and consideration consistent with sound hanking.
3% Per Cent Compound interest Paid lu Our SAVINGS DEPARTMENT.
ntctnplatlng opening n bank account. -
all o? wrrlte us, uml we will l>e idea*.
king.
Capital $500,000.00.
OFFICERS:
. A„ G. Candler, President.
«"»• H- Vice Praiident. Wm. D. Owen*, Aaat. Ca»hier.
John 8. Owens, Vice President. A. P. Coles, Cashier.
TRUSTEES:
I. Y. Sage,
John M. Goddard,
8am D. Jonaa,
F. B. Dancy,
Norman C. Miller,
George E. King,
Isaac H. Hirsch,
William N. Nixon.
Etigeno R. Black,
J. P. Williams,
Charles G. Goodrich,
Dr. J. Scott Todd,
Ata G. Candler,
William H. Patterson,
John S. Owens.
>•••••••••••••(
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
Safe Deposit Boxes
For rent in our uaufts in the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should not be without one. We invite
you to call and inspect them. ,
Title Guarantee and Trust Co.
_ MOnlt i ...
B. MABBURV.
Section Director#
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. e. CURRIER. President. A. E. THORNTON. Vice-President.
H. T. INMAN, V,'C*-Presldtnt. GEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Asa't Cashier.
Capital - $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HIBBARD BROS & CO., Km
Atlanta Offices, 219*221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aj»o-
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange-
Business solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones 451. Long Distance 39. A.S. Hustace. Mirr.