Newspaper Page Text
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THE ATLANTA GEORGIAN,
THURSDAY, NOVEMBER 15, 1306.
FOR SPOT 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 cables from the Liverpool market.
The professional element was a free aell
er, believing that the market bad gonu high
enough.
Actual cotton and cotton for fntnro de
livery are playing see
though, so four *« the
lie satisfied.
cotton steady 8 . _____ __ ...
middling. Hpinners were again buying on a
liberal scale, tbelr takings today aggregat
ing 12,000 bales at the advance.
Futures wero due to emne unchanged
higher on New York's closing, but the
Folic
moot h
Jvcrpuol today.
Open.
November ft.50
Jnnuary-Kebruary
Mnreh-Aprll 5.44
May-June 5.48
High. Low.
5.50 5.45
5.43 5.3$
5.48 *5.40
0.62 5.45
New York’s rrsponae to the decline In
greater than due. Arm prices ....
points below the closing of yenterdny, the
slump being nttrilmfod to profit-taking mid
Mies by professionals, who say the price
has gone high enough.
The spot situation Is still strong,
bad weather In the eastern belt Is a factor
drsntagc.
’ng tin
.... which time
low point wiis touched, an additional
dine of 3C<6 points being added to
opening slump.
A general buying movement developed
around the low point, and It was easy
sailing from that time |o the dosing for
Ihc bulls Mborta were quick to see they
had been; nilstukeu us to tjio high point,
fhidc Wtwg A arrpntbls to cover, early sell
ers; turned miyera, the result being n sharp
mid rftpid oflvance; all the mouths crossing
sin.
nesting a point nt which they can name
the price; that Is. a price much higher
than quoted at present. For good grad©*,
the demand Is urgent, and fnctors are
snapping up every bole on sight, the price
lu all cases tmlng better flint* publicly
quoted.
lu the last hour there was tremendous
pressure brought to bear on the market,
which, combined with realising sales, broke
steady, the near positions being 14 to ,
liolnts higher, wnjlej^
the distant mouths
were 5 to 0 points higher.
Exporters, unable to procure cotton, or©
steady buyers of contracts.
NEWS AND GOSSIP
Of tbo Fleecy Staple.
Private Wire to albert A Clay.
New York, Nov. 15.—Liverpool at 12:30
p. in., 2*4<jf4 lower. Was due about un
changed to 1 higher. On this basis, w<
should open 3 lower on near and about 8
lower on distant.
The market Is firm, resisting aggressive
attacks of the bears.
The Journal of Commerce: “The out
ward movement of goods la unusually
heavy, due In part to the announcement
that lake navigation will close November
17 In so far as the acceptance Invoices
from Eastern points are concerned. Buyers
In the West and Northwest are urging
earlier shipments on goods bought for de
livery next month, while the secondary
shipments of heavy goods of all kinds on
duplicate orders are very large."
New Orleans, Nov. 15.—Liverpool S04
down Is disappointing. Was doe 182 up.
The most favorable feature of the market
la the large spot sales—12,000 bales.
Weld, of New York, wires: “Market his
a very steady tone. Looks higher as long
as Houth continues firm."
The market shows no signs of weak
neo. The early decline resulted from no
tlrfty of bears, who are now covering. The
spot situation and bad weather In eastern
belt have caused an exceedingly strong un
dertone to exist, and the market looks aa
though would work gradually higher.
Today's map la very unfavorable east
the Mississippi river,, where general and
heavy rains have occurred and tempera
tures are much lower. In Texas and tha
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 eaatem foreeast Indicates fair weath-
. j* throughout with lower temperatures lu
tbo eastern portion and warmer lu the
gulf.
The spot market la.reported firm,.with
offerings poor, but an aetho demand. High
er prices are being asked, but whether
quotations will be changed Is a question.
New Ycirk Commercial: Mika .Thomas
rnme to the front yesterday; of course,
....... la'bullish, blit hla friends have been
suspecting that he hna l»een getting rich
on the Ijenr side, with other Texans—how
ever, yesterday, In response to an Inquiry
from u commission bouse, lie sent the fol-
*‘I mil very bullish, and think rolton will
sell at 12*4 cents by Mu nil. Think Texas
will make 3.3 with continued good weather.
More than 80 per cent crop has been picked
and sold. Everyone has Texas overesti
mated. I can't make total crop over 11.7.
l». II. Tobin, with Atwood Vlolett ft To.,
Issued a crop estimate yesterday of 11.666.-
... I e crop 11.4M.871 bales.
A New Orlesna wire said: “Market ad
vancing on report of big demand for spntsj
Edited by
Joseph B. Lively
MARKETS
Mr. Lively'* twenty-five
years' experience of ed
iting markets In Atlanta
sad the Sooth has made
him a recognised au
thority In hla apedalty.
RANGE OF N
NAME OF STOCK.
Amalgamated Copper.
Atlantic. Coast lane. .
Americas Sugar Uef. .
Anaconda.
American Loeomotlvs
do. preferred. . ,
Am. Smelting Ref. .
do. preferred. . .
Baltimore ft Ohio.
Canadian Pacific. !._■
Chicago ft Northw'o.
Chesapeake k Obto.j
Colorado Fuel ft Iron.
Central Loatber. . • .
do. preferred. . . .
Chicago ft Orest W. .
Chicago. M. ft Rt. P. .
Delaware ft Hudson. •
Distiller's Beeuritlea. .
Brit
do. prefarred. . • .
General Electric. . . .
Illinois Central. ....
Am. Ire Securities. . .
^ HusTlHe ft Nashville,
exlcan Central. . . .
Missouri Pacific. . . .
EW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
N. ¥., Out. ft Western
National Lead. . . .
Northern Pacific. . .
New York Central. . ,
Norfolk ft Western. ,
Pennsylvania
People's Gas.
Pressed Steel Car.
do. preferred. .
Pacific Mill. . # .
Reading
Republic Steal
Bock Island.
do. preferrsd. . .
United States Rubber
do. preferred. . .
do. preferred.
Slou-SheffleldM
Tenn. Coal ft Iron. •
Texas ft Pacific. . ..
Union Pacific
United States Steel.
^■do. preferred
Western Union.
Wabasb. , , . .
do. preferred
Total stock sales today l.HH).fl»o' shares. 1
NEW YORK.
tores la New York today;
Nov. . .
Dec. . .
Jan. . .
Feb. . .
March. .
April. .
May.. .
June. .
July.. .
II
Tflrt.ot 10.30 l6.oflO.26j 10.40-43i0.18-m
| 9.89| 10.201 9.87 10.14110.14-15 9.98-10
II
10.13-14
10.22-24
1 1 : I 14
10.29-31
10.32-33
10.37-39
10.40-41
9.99-10
10.08-10
10.14-15
10.20-22
10.23-24
10.2
10.32-34
LIVEKPOOJj.
6.40
6.40
5.43
6.41
K.|
November.
Nov.-Dee. .. .5.44 -5.44*4 5.43 6.4319 5.46
Dec.-Jan. , , .5.38 -6.41 ' “ * " *
Jan.-Feb. . .5.39 -5.401
Feb.-March. .5.41*4-6.431
March-Aprtl. .6.44 -5.45
Anrll-May. . .5.45*6-6.49
May-Jane. . .5.48 -5.50
Jnne-Jnly. . .5.51 -6.53
6.44*5
6.47
m
5.58
NEW ORLEANS.
The following Is tha rang* In cotton fa-
tares tn New Orleans today:
i
i
|
?
if 11
n
-Nov
Doe
Jan
Fob
March. . . .
&?!::::
June. . . .
July
10.28
9.94
19.00
ib!ie
ib!i*6
1U.2S
10.24
10.29
ib!46
10.28
9.26
9.9f
10.09
10.26
10.28(10.19-21
10.19110.18-19
10.24 10.23-24
10.30-32
10.39 10.39-40
10.45-47
10.50 10.53 51
10.5941
10.6749
10.0041
10.00-01
10.0646
10.11-13
10.21-22
10.37-29
10.35-36
10.41-43
10.48-50
Closed barely steady.
iiml fear next eeusus will b© construed
bullish."
Almost every day there Is a central Idea
nr«» perhaps more often wrong than _ .
but for tn© day and the hour they have
lheir effect. The Idea that governed yea-
i market wan that.big spot people
jot gat the cotton they- jyo under
. .... Mft fir® —
for # tlint they had concluded that
New York was to muse n radical revision
of grades, and that therefore they bad do
elded to Jump In nnd bull the market,
flue story that Is being told Is that for
NOTES ON GRAIN
Pointers on Prorltloni.
Private Wire to Glbert * Clay.
Chicago, Nov. 15.—Do not believe It will
pay to Im» swayed by pit conditions, which
often Indicate weakness. Would disregard
them utterly and bny May wheat ou every
•in the memory of
backet
ops i
rts of ways to figure what It means,
nkei
might l»e taken to mean that the little fol
lows down Houth see a big crop; It might
lie taken to mean that the bucket shop
men ore Im*Iuk forced to sell In order to
litHlge themselves, and It might he taken
to mean that they are bulling the market
to i
Nat
out their customers.
to Im» a revision that could not fall to send
New York prices strove those of New Or
leans, nnd got very suspicious that a New
York cmwu was playing this to Its own
mmSntfcat United Hint os advantage; the natural reault was that
Comparatho receipts at united H,nlw9 1 \ew orleana gut alnrmctl, and sent buying
f?rt receipts today 51.2©
Ha me day last year 49.lu7
Increase t *-*»«
Total receipts for five days 35f©s
same days last year .. ..,314.613
Increase 8h,2m
Total receipts alnee Heptember 1....3.424.07*
Haute time last year **20MJJ
Increase .n,«w
Estimated for tomorrow
New Orleans 11.0M to 14.WJ
Ga I veston 18.6© 1°
Houston 14,000 to 17,000
Movement at Attauta:
Receipts today..
1905.
15.268
28,971
17,262
day last year..
Decrease
Rhlpmcnta today..
Ham© tint© laat year.. .
Decrease
Htoek on hand today..
Hant© day last year.. ..
1.519
13,850
12,®«
1,211
8POT COTTON MARKET.
Mt-rrpwil. xiHkt rolton »tc»iljr: mlilillluc
(inland. B.TSd; sales 12.000; Aiin-rlrnn 1".-
71X): *neculntlmi ami export 1,600; receipts
14.3)0, all AmiTlraO.
Allaala. steady at lOUr.
Ni-w York, ipilet nt lOJOc; (lrll rerod
rtoilrnct .....
Now Orlrsns, Ilrni nt lOS-lOr.
Itoaton, stonily at t0.70c.
Ilnn.tnn. steady nt lOo.
llaltlinoro, nominal nt 10Ho,
Memphis, quiet at Wife
Wilmington, stonily nt 0T»-'.
Norfolk, arm nt 10*»o. ,
Savannah, stonily at 9 IS lw.
St. Inml*. nlondy nt lOtae.
Mobllo, Ilrm at 9 11-Mr.
Angunla, arm at lOHe.
DEMAND FOR SPOT
CARDINAL FEATURE
New York, Nov. 15.—The Hun say*: "The
demand for the .actual staple coincident
with reduced offerings by the Houth Is
the eardlunl feature of III© situation. Indi
cating plainly enough that the legitimate
trade Is in a sound condition. This Is the
cusc not only here, but across the water,
as witness the Increasing activity lu the
spot business hf 1st© at Liverpool. Man-
w©r© shorts. Moreover, large spot Inter
©sl« were buying lu New York, owing to
the fact that It Is no difficult to Imy nt
the Houth. In fact, tha planter and the
TODAY’S PORT RECEIPT8.
The following table shows receipts at the
ports today, compared with the same day
last year:
New Orleans. . .
Galveston
M otdb»
Hava Uriah
Charleston
Wilmington. . . .
Norfolk
lloat on
Pacific Const. . .
17968
24395
12U2
H)U2
•Total.
INTERIOR RECEIPT8.
The following tahte shows receipts at the
Interior towns today, compaml with the
same day last year:
Houston. .
Augusta. .
Memphis. .
Hi. Louis.
i inHnunti.
Total.
23 , ®4
15771
CHICAGO CAR LOTS.
Below Is given receipts today nud esti
mated receipts for tomorrow:
Todst. Tomor.
Wheat 64 :so
f’om W 2U6
Oats ,149 141
Hogs lSU&l
spinner are making the market, nud the
s|MHMila(or Is obliged to m-qulescc. Homo
leading local operators are working on the
bull side, hut It la the spot situation which
doniluates everything, and- which hy oialn
fore© has latterly raised prices here nud
lu other Idg speculative markets. Aft© -
auch sudden and sharp upturns, some re
action would uot be surprising. For all
that, however, the underlying conditions
ilitli. iiwnt-M-r. .in • • » mu i "iKiitniiin
•if the cotton business In tfila country nud
In Europe arc undoubtedly sound, nud It
looks to many aa though prices must ulti
mately reach a higher level, unless the
rup should prove decidedly In eotceaa
Twi
vents will occur next Wednesday which
may have much to do with the future of
the market. They are the meeting of the
revision committee of the New \nrk rot
ton exchange and the publication of the
qiiuntlty of eottou ginned up to November
14. Meautlme, the sentiment la more bull
ish than It has lieeii for a good W’hlle.”
New Ortaan*. Nov. 15.—The Times Deni-
•K-rat says: preponderance of evidence
favored the staple, nud bear attacks availed
. gain
^ Bulls had tue «■
demand, the weather map, the
incut, bullish views concerning .c coming
gluuers' report, nnd the co-operation of
hedged actual cotton shorts, who are wor i
Ip. ,
Corn should do Iwtter.
tiilengo Chronicle: "A nromlucnt elevator
Houth Dakota and northern
southern Minnesota nnd Nortl
forth Dakota, however, nt points when*
there are no competing railroads and ele
vator facilities ar© scanty, wheat la bclug
piled on thu ground.
Hln his weekly review. Ilroomhall, the
well-known English statistician, asserts
that the preliminary ©slimute of nu. ex
portable wheat surplus for tho United
Htates made by him July 3 Inst of 135.-
uuO.OUO bushels promise's to In? far nearer I
the truth thau tho one of 200.000.000 bushels
inlstlc estimates made 4>y Messrs. Jones
and Inglls. The early estimates made In
United States of
an exportable sur-
r l|US l'I lllllimi IIUIU I uin «^9UII-
ry and Canada ar© classed ns ridiculous.
He now claims a total of 150,000,000 bushels
na nu outside estimate, as against a re
cent estimate of 180,000,000 bushels."
Record Herald: "The great bulk of the
•arly 9.000,•*» bushels of contract wheat
here Is held by the few nnd la earning
Is months awuy, and a lot or wheat will
W needed in commercial channels in the in
terim."
Minneapolis reported all but three of tho
flour mills .there were running, suggesting
Improving flour trade.
THE WEATHER.
WHEAT MARKET
WAS VERT STEADY
Declined Slightly at the
Opening,.Recovered and
Closed at Highest.
Chicago, Nov. 15.—Wheat sold 3-8<0>
l-2cs higher for the day. The action of
the market was a surprise to more than
one man In the trade. It was lower
during the morning, but with shorts
anxious buyers, here and at Minneapo
lis, the entire situation changed from
bearish to a bullish market. The
cash markets were slow because of the
advance.
Argentine shipments are estlimited
for the week at 80(f,000 bushels whoat
and 2,800,000 bushels corn.
Primary receipts of wheat 913,000 and
corn 443,000 bushels, compared with
1.259.000 bushels and 581,000 bushels,
respectively, a year ago.
Clearances for the day were 619,000
bushels wheat, 170,000 bushels corn and
5.000 bushels oats.
Corn closed l-8®5-8c better; oats
were up l-8c and provisions gained all
tho way from 7l-21?45c.
* imagine the stock
market will continue to lie- regulated In n
great degree by money rates,-nnd while the
situation la aomewbnt quieter, there Is no
reason to expect Immediate
In sufficient volume to make
ket.
unchanged.
John I). Rockefeller Indicted In Ohio.
Foreign money outlook steadily Improv
ing.
Pulimnn melon $26,000,OOt) new* stock, with
rights at par.
President Roosevelt readies Panama.
Talk of complete merger of Kill roads
under ou© name.
Eben Richards succeeds A. A. Robinson
as president of the Mexican Central.
made greatest gain in coal tonunge of all
soft coal roads.
Brooklyn Rapid Transit now earning
almut 2*9 per cent available for dividend
„ stock.
Thlrtr-tbree roads for th© first week In
Novemher show an average gross lucrease
of 10.11 per cent.
Twelve Industrials advanced .95 per cent.
Twenty active railroads advanced 1.80 per
cent.
Financial Bureau: 8t. Paul took opposing
stock easily yesterday with no check of
importance, nnd another advance seems
likely. Information Is still bullish on
of Steel. Ht. Paul and Union Pacific for a
pull. They should be taken on all reces
sions.
r^mlkville and Nashville Is a favorite. Its
Immense earning power will lusure n higher
dividend rate soon.
Topper can Im» raised still higher, and
we continue bullish on It. nrhHe believing
the best results to Is* attained by pur
soft spots. The same may !k*
chases _
said of Atchison.
If Smelting takes the 156 stock entirely.
It should he raised In accord with the
Philadelphia Is hull
We would not
STOCKS REVIEWED
BY NEW YORK SUN
New York, Nor. 15.—The Sun says: “The
main considerations affecting the market In
tho earlier part of the day's dealings were.
In the first place, Indications that the re
cent money squeexe was
least, that no such high rates for funds
on call were likely to be asked In tho
near future as were on Monday last, and.
In the second place, that threatened labor
troubles on various railway lines were
all In the way of clearing up satisfacto
rily. No di;ttbt, however, the greatest In
• ii.*. *»«' uyu«#n uwnmi. tur tfivnivmi in
fluence exercised for a rise In stocks yes
terday was that afforded by the sensational
CHICAGO GRAIN MARKET.
LOCAL FORECAST.
WEATHER CONDITIONS.
The storm area that was centered near
Meridian yesterday morning has moved
northeastward and Is now central near Nor
snow Is
pa, Cincinnati, and Knox
ville, nnd rain at Jacksonville, Washington
nnd New York. Moving In over the ex
treme northwest la a second area of low
Iwtrotneter read 29.16 Inc—
A alight high Is over New England, but
the pressnro Is nowhere much lu excess of
the normal. Over the Interior of the ©mm-
try the pressure Is rather flat with mostly
cloudy weather. In the last twenty-four
houra rain or sumr has fallen nt most sta
tions cast of the Mississippi and along the
northwest border of the United Mutes.
coast and over Florida, while
most other stations the chungea are small.
The eouilltloua are favorable for partly
cloudy weather In this vicinity tonight nud
Friday not so cold.
rle«| over the advancing tendency of the
f. o. b. basis. Bears hail the fear of a
U.O Jot uniTmiton | Minimum and Maximum Tqmparatum
Isilef In a'monster yield, nnd the possl- J
line
and Rainfall.
.w.* ...» ,. M „„. observations taken at 8 n.
club with which to hold the rings In ; dlan time.
Hide lights on the situation imiudeil
billty that low grade tenders will be used j
75th uierl-
sslppl to the effect that gins had he
gun to run on half time, mid from Texas
that carnivals were lielng held, the for
mer proving tip actual storm damage, nud
the latter Indicating that the Lon© Star
State had sold enough of her crop t<
are In no mood to admit the approach of
even a temporary check lit the advancing
tendency, analytical beam appear to lie
finding some guarantees for the very near
future In the limited speculation follow
ing the substantial price gain. Mvcrpoot'ii
lead, however, will probably prove the
guldlniifelglit. nnd Europe Is short of actual
•ottoiiTT-ijibert k flay.
Abilene. .
Amarillo. ,
Asheville.
Atlanta. .
Augusta.
Birmingham. .
Bismarck. . • .
Boston. ....
t'hurleston. . .
Charlotte. . . .
Chicago. . . . .
Cincinnati. . .
Corpus Christ I..
Dnxeuport. . .
El
THE LIVERPOOL GRAIN MARKET.
Fort Ktulth.
, Gill veston. .
Havre. . . .
• Jacksonville,
j Jupiter. . . .
Chicago grain aud provisions quotations
for today follow:
Open.
WHEAT—
Dec.... 74*4
Mnv.... 79
July..
COHN—
Dee 42*4
May 43*.
July 44*.
O ATM-
Dee..... 3484
I I
5»
78*4
tock which began Tuesday. Yesterday tho
urgency of the buying of the stock seemed
to Indicate that an outstanding short In
terest in the security was Itelng rapidly
driven to coTer. or that some deal affect
ing the property was Impending."—Gllmrt
ft Clay.
COTTON SEED OIL.
Following were the opening and closing
November.
De«*einb©r.
January.
DAILY COTTON LETTER
New Orleaus, Nsr. 15.—Liverpool was un
responsive to the American advance of yes
terday, despite the fact that the foreign
demand for spot cotton has considerably im
proved, sales today aggreaitlng 12,000 bales
nt an advance In quotations of 8 (mints.
Options closed 4ff5 |H>lnts lower than the
Urgent Short Covering and
Heavy London Purchases
Forced Gains.
SHARP DECLINE LAISR
St Paul Was Erratic, While
Reading Was, in Press-
* ing Demand.
New York, .Nor. 15.-The heavy buying of
Northern Pacific stock dnrtug the past
days Is boxed on forthcoming rights which
will amount to about $40 per share. ;m i
possibly $45, or more. The plan fur this
distribution, which Is understood to i*u
elded upon, and awaits the nrniuglng
minor details nnd propitious time for no-
nounoement. calls, In the first pin©©, fr*
th© authorisation nnd Issue of u block of
capital sfnek to the extent of altout $»).
000.000. This stock will bo offered to the
stockholders nt part, tl is understood the
proceeds will go for the purchase of n PW
equipment and Improvement and fur ©npi.‘
tnllxlng construction. On June 3), last, the
accrued surplus revenue of the Northern
Pacific amounted to nearly $20,000.0un.
was more tbim balanced by nearly $j:,»>¥ior>)
•ash on lintid. The treasury of the North
ern Pacific us of ’ that date was rich in
current assets, showing uearly $84.000 t orji» Of
this, nearly^22.000,000. ns above, was In the
baud, and $12,980,000 la
nyt*_.
I . _ _ cash 9
the form of free securities.
New York. Nor. 15.—Th© stock market
opened at gaficrnl advances, which extend
ed to 1*4 In Anaconda. I^uisvillc nnd
Nashville np *4. Canadian Pacific »*. Smelt-
Ing *4. Atchison and Colorado Fuel and
.Southern Railway *4, New York Central
aud Hted V». St. Paul opened up and
reacted *4- Union Pacific started \ higher
st»»ck market was feverish nnd lr-
don purchases forcing gslns. while realizing
lias resulted from natural causes. No out
side support to speak of has been noticea
ble. and the strength of the undertone has
been derived from the Insatiable demand for
spot cotton, nnd, no doubt, contracts have
been largely resorted to hy exporters In
their Inability to secure the nctunl stuff.
Frequently attempts are mad© to force price
levels lower, mid os often do they succeed
III so far ns a few points are enucerncd,
but the old-time lienr activity Is slowly
becoming less influential, and In Its stead
a growing disposition is manifest to aid the
inclination to Improve. However, while the
weather In the ©astern belt has for the
past day or so been cold nnd wet. there
has been no curtailment of the largo es
timates of the final yield heretofore exist
ing. and the new phase that tho trade has
assumed III supporting arguments favorable
to high prices Is that present Indications
(mint to the ability of the mills to consume
an increased amount of cotton over previous
years.
February 33 34 ti34*4
March 33*4<B33*4 ::i #34*4
May. . 33*^f33»» 34U&HH
THE COFFEE MARKET.
New York, Nov. 15.—The market opened
steady at unchanged prices and ruled quiet
during the early session. Hales around 5
points above the closlug bids of yester
day, but there seemed to be quite a good
•leal of liquidation of December, nnd prices
ill the early afternoon were about net un
changed. Iteceolpts Wfere not quite to heavy
na the previous day, reaching 82,000 bugs
at the two ports, against 104,000 reported
yesterday. A holiday was reported lust
year.—Olli
42*4
43*
44’,
July..... .33**
I'OUK -
Jan... 14.50
May... 14.65
i
33*»
34* 4
33*4
LAUD—
Nov... 9.50
8. NR
Jau^;*,**
14.42*4 14.60 14.40
14.57*1 14.77*4 14.52*4
9.87*4
N.H5
8.70
9.50
8.82*4
8.55
9.85
8.95
8.42*4
8.70
7.85 7.72*4 7.82*4
7.85 7.90 7.K
81 DEM—
Jan.... 7.SO
May... 7.92*4
FAHII WHE.vi- ,
No. 2 red 75**76 nominal: No. 3 do Ml.
iK.inln.il; No. 2 hard winter 74*»76; No. 3 do
noftiia ■
WEATHER FORECAST.
•Hirgla—Cioudy Thursday; rain lu south
east portion; Friday fair.
irfmisiana. West Florida, Alabama, Mis
sissippi and East Texas—Fair Thursday nud
Friday.
Tennessee—Fair In west: rain or snow In
ast portion Thursday; Friday fair.
Illinois, Indiana, Michigan, Missouri, Min
nesota—Fair tonight and Friday; warmer.
Wisconsin nnd Iowa—Fair tonight; Friday
Increasing cloudiness, with snows and
warmer.
North Dakota nnd South Dakota—Rain
and wanner tonight, probnbty turning to
snow; colder Friday.
Wheat—Opened unchanged: at 1:30 p.
« higher; cloacd unchanged,
t’orn—Opened unchanged: nt 1:3) p.
higher: closed *iG*4 lower.
56
GIBERT & CLAY
STOCKS. BOMOS.
COTTON, GRAIN.
CO Free. PROVISIONS
MEMBERS:
New York Stock Exchange, j
txc ALABAMA ST.
ATLANTA. GA
Loc«l and Lena Oi.Urc. t.l.phon, »»£“ C^tKEPUNOEH, Manager.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
l.mpirc Building. Bell Phone. Main SjS.
\TLAi\TA. GEORGIA. *
_ f Memphis
! Meridian
: Miles City. . . .
. Mobil©
1 Montgomery. . .
Nashville. .•. . .
! New Orleaus. .
New York. . . .
1 Norfolk
North lintte. . .
i Omaha
• Palestine
{ Pittsburg. . . .
; Portland, Me. .
Put-1laud. Dr©. »
f st. i.ou;«. . .
J St. Paul
I San Francisco. .
Savannah
I ftookan©
I TaratK!
j Taylor
I Thorns ar tile J 4-*
> Vicksburg 42
j Washington i 31
j Wllmlngto- ! **
I *
Mluiiea|K)lis wiitNl: “This talk about
houses Ining full of wheat Is rot. Tbo
average cnpaelty of couutry houses Is about
30,000 bushels. They have got to set apart
a certain portion of each house f»r sprlug
wheat, oats, flax nnd Iwrley. and as all
of these grains are raised lu all soction*
of the northwest, you can draw your
own ©ondnslofiN as to how much wheat
each house contains.“
New York coffee market for
ODetdng
L. J. ANDER80N & CO.’S
DAILY COTTON LETTER
New York, Nov. 15.—The market this
morning was lu u less Neiisutiounl humor,
but after a somewhat weak opening, .a
steady tone developed on good buying nnd
prices gradually worked upward to yes-
terday's level, Liverpool opened about 1*4
off. Instead of 1*4 up na expected, and In
creased this decline to 4 points nt the
elose. Spots, however, wertf In dciunud la
that market and sales ran up to 12.000
bales, l’rlee Interests np|H>nr to bo buying
steadily on nil reactions, nud shorts are
getting out on nil favorable recessions. Tho
trade in general Is still very much at sea
ns to tho probable yield, the guesses con
tinuing between 11.5O0.W0 nnd 14.000,000
bales. One thing, however, which seems
to be umtuluiouN Is the expectancy of
April
May
June... /. .. ..
July
August
September
October * .
November
December...- .. .
Closed steady.
Range.
,. ..6.104.15
. ..6.154.20
. ..6.30
. ..6.304.40
. ..6.404.50
. . .6.504.60
. ..6.554.65
. ..6.654.75
.. .6.754.80
. ..6.804.9)
... .5.904.05
.. .6.05
6.154.25
6.254.30
6.35-6.40
6.40-6.45
I 6.50-6.55
6.606.651
6.65-6.751
6.754.80
6.804.85
5.954.00
6.004,06
NORTHWEST CARS.
The following figures
•ar» of today, Iasi w
SOUTHERN EXCHANGE
Oldtst Kitabllihed Office South.
COTTON STOCKS BONOS-—'GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
large consumption, uud the estimates lu this
respect seem to In* on th© rise rather than
otherwise. Ports continue heavy, hut show
a tendency to foil off. Wo continue to Im».
the yield will hardly be as large as
the consumption, nud. therefore, that cotton
Is a purchase ou nil recessions.
times and caused soma sharp ic©i-s.don*
from highest price level*. 8t. Paul
Irregular, openlug at 183, declined to ]*p..
then advanced to teaeted by IK',
and rallied to 183. Union Pacific
- - J. union racinc gninni
1*4. Read lug was lu pressing demand, nnd
yf-f*-- —‘ —' “—
_ the strongest stocks of th©
list.
Government bonds unchanged. oilier
bonds Irregular.
SEABOARD AIR LINE.
_ lg WL._ ,
Seaboard Air Line stocks and bonds:
Bid. Asked.
Boatman! Air Line, common.
4 do, first preferred m
do, second preferred 52
do, ten-year 5s 100*i
l'-'t.
!»»**
824
LONDON STOCK MARKET.
8TDCK8—
Atualgainnted Copper.
Anaconda
Atchison
Baltimore und Ohio...
Ciuindluu l’aclfie..
Chesapeake and Ohio.
Opn.'CiostCliw
Denver nud Bio Grande..
do, preferred
Erie..
do, preferred
Great Western
Illinois Centrill
Kansas nud Tuxns. , . .
ami Nashville.. ..
New York Central
Mexico 11 Central
Norfolk and Western. . . ..
Northern Pacific
Ontario and Western.
•ylraula
fclnhln nud Reading.
ILwk Isiniul
Southern Pacific
Southern Railway
do. preferred
Ht. Paul
Union Pacific
United HI a ten Htocl
do, preferred
WnlMish
do, prefer ml
99V4
THE 8UGAR MARKET.
... w York, Nov. 15.—lKH*nl refined
raw sugar markets nre steady and
hniiged. London beet market easier.
CENTRAL BANK AND TRUST CORPORATION.
Indleldinil firms
©hanging their present o
to extend them ©very courtesy and cousiderniion couslsteut with sound baiiklug.
3*4 Per Cent Compound luterest Paid In Our NAV1NOH DEPARTMENT.
cor|H)rntlous eonteinplntlng opening a hank account.
|f > Invited to call or write us. uud we will 1k* pie
- •* • * * i “klui
Capital $500,000.00.
OFFICERS:
A» 0. Candler, President.
Y' , . m - t 1- ©■•••'■•on, Vice Preeident. Wm. D. Owens, Aeet. Cashier.
John 3. Owens, Vies Prssidsnt. A. P. Coles, Cashier.
TRUSTEES:
I. Y. Sage,
John M. Goddard,
j Sam D. Jonee,
- F. B. Dancy,
Norman C. Miller,
George E. King,
leeac H, Hiracn,
William N. Nixon.
Eugene R. Black,
J. P. Williams,
Charles G. Goodrich,
Dr. J. Scott Todd,
Asa G. Candler,
William H. Patterson,
John S. Owens.
>••••••••••••••<
Safe Deposit Boxes
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
REFCRCNCL THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
For rent in our vaults 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.
r
•— indicates a mount l
•• sinnll to tiiesaure.
B. MAUBURY.
fttfctloa Director.
ATLANTA NATIONAL BANK
ATLANTA, GA.
HUBBARD BROS & CO., MERCHANTS
C. E. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, Viee.President. GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD. Ase't Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Aaao-
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Businesa solicited for the above exchanges.
Direct wire service. Correspondence invited.
Phones 454. Long Distance 39. A.S. Hustsce. Mgr.
