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THE ATLANTA GEORGIAN, FRIDAY. NOVEMBKR 16. 1 j STRENGTH OF SPOT STILL THE FACTOR Demand Continues Urgent for Good Grades of Actual Stuff. NEWS AND TOS3IP ’ Of tiio F.oocy Staple. , FUTURES Private Wire to Glbert & Clay. f»aal*. ire'Shoo Id nliotit 6 lower on -near and 4 lower oi* distant. Liverpool cables: “In consequence* of the etreiigtii of Southern markets, decreased es- tinintes and manipulation, chances are In favor of market Improving." Liverpool Is.selling cotlou. In*face of heavy selling by Liverpool, the tono'Of the market Is firm. * . The Liverpool cotton exchange will be cH>sOd November 30. The Journal of Commerce: “The general So Material Decline Is Ex- ^ IU (; peeted Until Holder Ma ke: More Freeh’. r..K IS$ •’ New feature' of the > Ib.h1 Wftflii urafVft it the ■ pnrr l in»i-'»«{i^o*i Mlw .fJnndnry by »»« i hraker. Tlia.eatton •■*». smip<*«od lo lie for ; n l)li Wall •trretb-dpmwiidSlon \htiw, and , JvIjkW to .lendj- (hr'itwflr market In the ■ face of. prewuro from, tho room crowd/ • Liverpool knrlr ndrlr". «ri‘pC without lu ’ nuance nujhe nwcthntM# ninfkot .for cot-, ‘ton In Now York, 1'ilecr at'12:2* In'-the ' Ktigtlkh markot wore iff* point, higher or th- near and 7 higher on the (ll.ttttit post * tioa.. It wfiMdne 13 nnrt » point* np. rt>- . spoetlvell, i'lie ilnetfBe In that* market 1* , nurll'Utvd-fd ninnlpnlatloiirfiii" effect tin Hie American uutrkit, nt the opening,.«« la cvl- deuced by the sharp nnrnnre after oar open- Ire. The :: n. tn. cnble initial ilttlc change from opening price., after which prieea bo- pan tn advance, and nt the elowi wna ateady point, .thorn the close of jreat.r ‘ day. Following I. the range In the notice month. In TJverpoo! today: Opel Noyemlier 5.3- - ISSSSSU1ST?-.: :lfi May June 5.56 The market for spot cotton rontlbhra drill, with .planer* taking liberally at nil* vanning price., middling today being mark ed .up. 10 points to 6.Snu on *alea of 10,900 On ’ Llveriiool*. early ahowlng, the Sew York rimrkri waa due to open a point* lower . on the near and 4 polnta down on the dli- tant positions. lint the "feeler ’ from the Mngllah apechlator wna Ignored by our mar- kefl.iilniMhe opening waa strait, 1 point higher to 1 point lower. After the epenlng, aharta were nervoua. The bulla were more ennddent of their 'po- altlon, and liongbt, while the beam were ahowlng eonalilerable fright and Were cover* lug. Influences that made for n atrong mar ket and a eontlnumee of the advance of the '"Thrf^dcmaW for spot ’cotton it, iirtill ur gent,:'ci|tbr6er, anile olterlog any prtee braked fcy holder, for the.good-grades, offer! apparently'dt not appear-attractive and Jn majority of • the bid, are^turned speculative bear ha. produced a largo crop uf paper cotton lielow current price*. He I. 1!tiding It difficult to Induce the ac tual producer to market sufficient cotton to iiifc-t hla obligation*, hence he I* now encaged lu buying lu paper, eottou-lo-off- set Us aSrevloue purebawa. The bull* are making him pay the dlfferenen In ..price. The situation In apot cottoji will make Hie price* for future*,.for at time, at leaat. A* loug n* the prenent sirength contlniica, ' a material decline can not bo eipected. If the altuallon weaken*, a aharp decline W Had °uv-ather la foreeaated for the next day or two. Thl* will curtail the move ment. A light movement from whatever rnuso la n leilllah Induenfe, and price, re- 1 ^Thc rloae" waa ateady, erltU ijrlce* net Mfir. polata higher than ycaterday’a dnnla. Into-alght movement^ ^ J9M Ovorlntid vvcfki... 49,345 39,651 49,474 Wnw SSptSJKr 1. 198.1 8 Wg »Mg lntp sight week... 562.238 a 6J1.W4 £73,307 Hlncc Beptemlwr 1.4,661,266 B.07t.7l» King'. Into-alght for week f.i0,»72: brat year M0.31C: for aeaaon *o far 4,W5,41I, ngnlnat 4.435,097 laat year. Comparative receipt, at United State. 'receipts today. tiauio day last year I>ecn»«»p Total receipt* for the weak...... Hamo wrek last year Touri^roccipia since Heptenibcr 1..3.4M.910 Ha me time last year. n > r,t v i i ■ jpp •Miurnni ui coiniiicrcc. ini' siiiuth riliV AWvwi?ft»e of tho dry goods trade coutlnncs j bfultby. with n Hrui ii!idercuri***i»t tending I to lunlntniu ’ values steadily. The dllTIcul- I tlrs in the way of prompt deliveries afe not being-illsaJpated rapidly enongh to suit ‘•■lycn* or saUer*. pud there U uecesaarlly linlt !n several directions In the.trade, 'iiiere are many unfilled orders nt hand, nud spot amnia continue to bring full price*, nevertheless .It Js recognized that n much more* khtlsfactory’ trade could bo done If the mltla would send along their products lu fuller volume." u ' New Orleans, Nor. IS.-Liverpool at # up Is not n full response. Was doc 10 up, but sales of 10,000 spot nt 10 (mints ud- vsuce Is favorable feature. - ^Liverpool cohles: “Near positions firmly held and steady on neconnt of tinprofltable- ness of tendering. Market steady, without special fenture. Our Oalveston correspondent writes “The deuioiid for spots continues unabateil nud holders have no difficulty to sell nt almost their own price*. Everybody hen* Is trying to buy spot cotton, and find It most difficult task. The Interior Is offer ing next to nothing, and local frfetors hnve no stock to speak of." Hears display more caution and have corcrcd freely this morning on Indication* of bud. weather. The spot demand continue* abnormal and‘exporters are said to Ih* pay ing- liberal prlctis for t. <». b. eottou, us spot offerings 'are -extremely light. The western forecast Indicates Increasing cloudiness, with showers nud colder weath er generally tonight. In western Texas, fnlr nud much colder. An extensive low pressure overlies tho Missouri valley, em bracing all of the western belt. The ba rometer pressure records 29.15 Inches, fore boding rather severe disturbance*. The eastern forecast Indicates generally unsettled weather tonight, with rnln and warmer throughout tomorrow. 1-Mi tod by Joseph B. Lively ■ fl A HR Ei Mr. Lively’* twenty-five Rk m h »ft / ft— ft W years* experience of c*3- m m /m a Jff 1/ r* ■ King markets In Atlanta ll/i UL ttv ML R 1 ^ nod the South hav made BWlrliiiul 1 l 1 him a recognised au- E V 1/ ml 11 11m ■ tbortty In bli ,p«clalty. TICS PLASHED From Wail Street RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME Ob' STOCK. Amalgamated Copper. Atlantic Coast Line. . America* Sugar IIft. . Anaconda * - American Locomotive. do. preferred. . . . Am. Smelting Ref. . . do. preferred. . • . Atchlacn. ....... do. preferred, . . . American Cot*on Oil. . Am. Car Foundry. . . Baltimore A Ohio. . . Brooklyn Rapid T. . . THE WEATHER. LOCAL FORECAST. FUR ATLANTA AND VICINITY—l’urlljr cloudy end warmer tonight; Haturdny rain und wormer; colder by Sunday. WEATHER FORECAST. New Orleans., rialreston... .. Houston 3,000 to 10,500 24,000 to 28*000 .. ..10.000 to 11,000 1906. 15,288 28.971 17,252 8R0T COTTON MARKET. Liverpool—Spot cotton arm; middling up lands i.S5d. Males 10,000,.American hheculstlon tad export 1,000. Receipt* #,• 000. American 23,400. Atlanta-Steady, 10%c. New York—Steady, lie; delivered on con- ^s w * Oriean*—Firm. 10 7-18. St. Louis—Steady, 10*c. AugnsU—Steady, l(Ric. Houston—Steady. 10 3-1C, Boston—Stssdy, 10.%>. Memphis—Quiet. 10c. Motdle—Firm, W*. Norfolk—Firm. 10%c. Wlluilnrton—Firm, 10c. Charleetoo—Firm, 10Hc. TODAY’S PORT RECEIPTS. Tfaa following tabls shows receipts at 1ha ports today, compared with tho same day laat year: N§w Orleans.. .. •?a!v*ctoij.... .. . Mobile savannah • bnrleston Wilmington.. Norfolk.. nutlmora Now York i •..■■ton IDtladeipbla.. .. Brunswick Newport New*... Jacksonville. .. Georgetown.. .. Totals 15268 2*1971 1808 11149 ;*bW BTRT3CE QUESTION TO BE SETTLED yaw York, Kov. 18.—Another con- foroacc will be held tomorrow between oMcIhIs of the Erie and representative;: rf the flreruen, who by a unanimous vote, are given uuthority to decide ovhether.there shall be a strike. The storm that was centered near Norfolk ontorday morning ha* moved rnpldlv u the coast, and 1m now central near l*ori- lnnd, Maine, -where the .pressure ha* do- creased .76* Inch In ‘ the qhi'st twenty-four hours. Over .the southeastquaurnut of (he map the barometer has risen considerably, and a ellght high Is central over western North Carolina. Tho northwestern low that was over Montana Thursday morning hnc dropped to the southeast to Dodge City, tier .of states from Oregon to Maine. Thl* morning, ab*et was falling nt 81. l*aul and rain at Boston. Colder weather prevail* on the south At lantic coast and In the northern Rocky mountain districts, while the temperature has risen perceptibly lu the western half of the cotton iNdt mid northward to North Dakota and Mouth Dakota. The.conditions promise fair nnd warmer weather In thla section tonight; Saturday partly cloudy and warmer, with probably rnln late In the afternoon or nt night; cold er by Monday. • ■ Minimum and Maximum Temperatures and Rainfall. Oltservatlom taken at 8 a. m., 75th meri dian time. Atlanta Abilene .. Asheville Amarillo.. .. .. .. Anguata Birmingham. • . ltlsmarek.. Boston.... ,. Buffalo .. diaries ton.. .. .... Charlotte.. .. .. .. Chicago Cincinnati Corpus Chrlstl. . Davenport.. t.. te'?: l-’ort Hurt tin.. Galveston Havre Huron.. .. .. ., .. Jacksonville Jupiter ... Knoxville.. .. .. Lot Angelos.. „ Macon.. .. Marquette Memphis. Meridian. . . • Mobile Modena Montgomery.. „ .. NnshvIlU* .. New Orleans.. .. .. New York.. .... Norfolk North Platte.. .. Omaha Oswego.. St. Louis St. 1*ii ul Mnu Francisco., Savnnnuh.. .. .. Npobuuo .. .. Tbomaavlfle.. Vicksburg.. .. Wn thing ton.. Canadian Pacific. Chicago A Northw'o. . Chesapeake A Ohio. . Colorado Fuel A Iron. Central Leather. . . . do. preferred. Distiller's Securltlefl. I/xuKvUlo St Nashville. . Mexican Central Missouri Pacific NAME OF STOCK. N. Y., Ont. A: Western. National Lead. ... Northern Pacific. , . , New York Central, . Norfolk & Western. Pennsylvania. ..... People's Gas. ..... Pressed Steel Car. . . do. preferred. . . Pacific Mall Reading Republic Steel Southern Pacific. . . . . , Southern Ballway. . . . , do. preferred Mlosn-Shefflsld , Tenn. Coal & Iron. . . . , Texas Sc Pacific. ...... Union Pacific. ....... United 8tnfe* Mteel. , , , do. preferred. Va.-Cur. Chemical. . . , do. preferred. . • . . , Western Union , Wabash ' do. preferred Wisconsin Central. • , , , do. preferred. . . . . Total stock sales today 1.273.70J''shares." NEW YORK. The following Is the range in cotton fu- tnres in New York today? Nov. . . Dec. . •Inn. , Feb. .. March. April. . May. . 110.32 10.56 10.13 70.29 10.1210.22 Closed steudy. 31 i"*r. 10.17 10.23 10.26-26 ULl 10.37-38 10.42-44 10.47-48 10.51-63 10.55-56 M 10.40- 43 10.14-15 10.13-14 10.22-24 10.22-24 10.29-31 10.32-23 10.37-39 10.40- 41 LIVERPOOL. The following figures give the opening range and close, compared with yesterday's dona. Futures opened firm. Opening Previous Range. 2 p. ra. Close. Close. November. ..5.58 jfca 5.60 6.64% 6.49% ftJO 6.49 6.49% 6.51% April-May. . .6.53 ^.63% 6.54 5.681 May-June. . .5.56 -6.56% 5.56 5.60 June-July. . .5.58 -5.60 6.67% ‘6.62 Closed steady. Nov.-Dee. . .5.51 -5.63 Dec.-Jan. .. .5.49 -5.48 Jan.-Feb. . .5.48 -5.49 Feb.-March... 5.60%-5.61 March-April. .6.51 -6.52 NEW ORLEANS. The following ts the range In turns In New Orlean* today: cotton fa- i § = k 3 j il Nor. . . • . Dec. .... Jan Fob March. , .. April. . . . May June. . . . * » io.’is 10.2G io.ia W.& iolw Y'.u 10.47 vito iolio iblis iais 10.22 ia38 iaa io!# 10.40 iaw 10.66 ia’67 10.37-29 10.85-26 10.39*40 10.48-49 10.55-56 10.614» 10.65-67 10.71-73 10.75-77 16.19-21 10.18-19 10.23-24 10.30-32 10.39-40 10.45-47 10.53^1 10.59-61 10.67-69 Closed ateady. * NOTES ON GRAIN Pointers on Prorlalooi. Private Wire to Glbert St Clay. Chicago, Nuv. 16.—Wheat opened tame, with n little Indication on the part of bulls to sell In hard spots. Meems to lu* consid erable May wheat for sale around 79%e. Corn opened firmer on the higher cables and on fair buying of December by cash houses and pit. We continue bullish on wheat, nnd favor Uu.vliig corn. Chicago Record Herald: “Europe will have to take a* much wheat from the United States thl* year n* she ever took In any year," said W. 8. Crosby. "8he will not be able to get It nt them* prices, or anything like them. To supply this quantity would exhaust our stocks, which I think would easily mean $1 for wheat In Chicago. December wheat will be llquldnt- ‘ this yenr on sn nscemllug scale. Ha u will be higher December 1 than It Is now, and I l*elleve taut It will be 10c higher nt the close of December than It I* now. Hhort* are already nervous, hut they are no more nervous than are the bulla who have uo wheat, but who 'Would like to profit by nn advance. The market Is gaining In activity, und with thla buyers of wheat will gain In confidence. With n broader tnurket the trade will lose sight of and cease to nuigulfy the duhger* of De- •tuber liquidation. Who owns the wheat whether they own It for December or ay will make but llttlo difference. * If It advances It will lw because prices all over the world ndvance, and u temporary local speculative condition Id Chicago will not cut much figure." The Minneapolis flour output last week decreased 4i),Gi0 barrels, making It 174,325 smaller than a year ago, says The North western Miller In advance proofs wired Lognn Sc Itryau. Tho quantity turned —* was 243,850 barrels, against 417,975 Ip _ nud 270,316 In 1904. More capacity promise* to be operated this tveek, nnd the output promise* to exceed 390,000 barrels. Flour trade with Minneapolis mills wna much of the snine character us In other weeks. If there was any variation It was In the di rection of some mills selling much less flour, while others sold more. Aggregate snles probably run somewhero ahead of the quan tity of flour made. Foreign business was out of the question. Bids of Importers us ually were fully 1 shilling too low. Out side mills report flour sales considerably loss than output. A Minneapolis man wired: "In 1904 we had in store November 1 8,00u,000 bushels of wheat. May wheat was then 81,16. In November, 1900, wo had 10,000,000 bushels; May price was 88%c. 'J’hls year we have nlMiut 1,750,000 bushel*, nnd the price Is 79c." *T wish to renew my prediction of last week that May wheat at Minneapolis will sell ut 91 (»er bushel," says W. II. Lake. WHEAT WAS WEAK LOra AT START Heavy Realizing by Longs Is Given as the Cause For Decline. J. B. MARRURV, \ Section Director. INTERIOR MOVEMENT. Tho following talde shows receipts at the Interior town* today, compared with tho same day Inst year: Houston*. Angus tn.. Memphis.. 19331 53 97M 5916 I ITS..* ISM 5435 .38406 j 28287 fS C. AI^HVMA AT. GIBERT & CLAY • TOCKS. BONO*. COTTON (TRAIN. COMTEK. MOVIilONC MEMBERS: ATLANTA. C.A iiaunca Tel.phon# 5298. C. E. KEPLINGER, I Local and Long 0 GIBERT & CLAY'S DAILY COTTON LETTER. New Orleans, Nov. 16.—The strength of tho Southern markets liuprcmtcd Liverpool very favorably, nnd the feeling abroad In clined more readily to higher prices.* Op tions were from lltfll points higher nit the close, white spot transactions were quoted W points higher, wttb 10,000 sold. The market today was as strong as could be spooled, taking the aid of outside support. The demand for *|>ot cotton Is almost phe nomenal, but offerings are characterized us being either generally scarce or undesira ble and exporter* must of ueevaslty resort o. b. lots for which they are said to pay fabulous prices. Heretofore the weath er has been so Ideal for field work that Its Influence has been rather to Intensify the belief lu larm* crop Ideas, Imt uow at* mosphsrle conditions seem to have under gone n decided change, nud Indication* polut to Hu* existence of a storm of unusual Intensity nud of 81 ** * ‘ now menacing the _ lug in an eastoriy direction, tent the presence of such n disturbance may influence public opinion Is entirely Uc- pendent upon the resulting damage, but It Is safe to npsuiue that, coming at n time When prices have already Improved consid erably as the result or nu excellent de mand for cotton. It can create but little confidence In short sales. Chicago, Nov. 16.—Wheat support was quite tame, as the talent was play ing for a reaction after several days of advances. Both Winnipeg and Du luth reported the demand for cash wheat os good. The Minneapolis bears, who are short, were strong enough to control that market, and they were helped by the selling of a few of the larger local professionals here. Char* ters at Duluth were for 600,000 bushels of wheat to go to Buffalo. Clearances for the week 8,742,000 bushels wheat, the- previous week 4.156.000 bushels and year ago 4,722.- 000 bushels. Corn 1,229,000 bsheis; previous week, 871.000 bushels; a year ago, 1,058,000 bushels. Closing prices showed when 1-3ft 3-4c lower; com l-8c up to l-4c oft; oats l-8c off to unchanged nnd pro visions 5® 10c lower. Cash sales here at the seaboard were small and Included a few ^straggling lots of wheat, corn and oats. Primary receipts of wheat were smaller than last year at 911,000 bush els, against 1,296,000; com receipts 424.000 bushels; a year ago, 687,000 bushels. Clearances for the day 465,000 bush els wheat, 157,000 bushels corn and 2.000 bushels oats. SOUTHERN EXCHANGE Oldest E.Ubtlahed Office South. COnON SIOCSS BONDS GRAIN Ground Floor Ooutd Building. Dally market letter and market manual matted on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent’s Capital $250,000 REPCRCNCfi. THE NEAL BANK PHONE Mlta PRUDENTIAL BLOC THE COFFEE MARKET. Kollo win* |« the opening range nnd elo*o of the Sew York coffee market for today: Opening K«ugc. Close. January c.io s.ir, G.fc-o.io February 6.WS.X e.l.UI.n March 6.25-6.30 6.26-6.30 April 6,30-6. tU 6.K-6.40 May 6.45 6.43.6.50 June 6.5M.G5 6.556.60 August 6.6541.70 6.654.70 September 6.75-6. SO 6.754.80 ..8.804.85 6.804.85 ...5.904.06 5.954.00 ...6.09 6.05 6.004.05 October.. .... November December Closed ateady. COTTON SEED OIL. Following wero the opening and closing prlcet on cotton seed oil today: .. . Openfni November December. . . . January, February March May. Hales. 100 November nt 3S&, 100 November at 3884, 500 March ..t 3414, and 200 May at 84H. Closed ateady. THE LIVERPOOL GRAIN MARKET. Wheat—Opened *4 higher: nl 1:30 p. m., higher; dosed titrti higher. Com—Opened uuehanKifl; at 1:30 p. Igher: closed CHICAGO C, THE SUGAR MARKET. don boet market steady. _ CHICAGO GRAIN MARKET ^ChF.r- ^eraln and provision quotations Previous Open. High. Low. Close. Close. i I HI i IH C.^0 IlN- Dee 42% May 43% July 44% OAT8- Dec 34% 3 May 35% 3 ‘fa- 33 * 3 Jan.... 14.(50 14.7 May... 14.75 lt.y LARD- N’ov... 9.83 9.5 Dee.... 9.oo 9.0 Jan.... 8.67H 6.7; 32% 34% 0M 8.85 8.00 9.85 8.95 8.70 SIDES— Jan... 7.82% 7.92% May... 7.92% 8.00 CASH WHEAT— No. 2 red 75075; No. 3 flo 73075 nominal; No. 2 bard winter 74UQ70 nominal; No. 3 flo 724/74. Letting By Pin and Candle. The old custom of letting premise# by the aid of a candle and a pin has been observed at Pad worth, a village be tween Beading and Newberry* The candle was lighted and a pin stuck Into It. Then bids were called for until the pin, owing to the. heat of the can dle, dropped out. j. T. Strange secur ed the tenancy with an offer of $35.— London Evening Standard. Co.: The market Is ontltlod to a further Show of strength today, though some con sideration may l.e given the reported no tion of th»* United States government against the Standard Oil Company, and fur ther eTldeuee of the strenuous pursuit of the Npw York Central and other corpora tions for violation of the rebate law. The Washington dispatch this morning states currency reform plan ho* been announced by the bankers. It Includes issue of cred it notes guaranteed by the government. Americans In London heavy %@% below parity. Indications arc that money rates will bo fairly easy between now nnd the end of the month. General London market strong. Rapid Transit commission orders Inter- boro to operate express service ns far as One hundred and thirty-seventh street. Federal; — Standard Good demand for Ne loan crowd. York Central In [cations polut to a return of currency from tho Interior in increasing volume from now forward with balance In New York's Nashville, Copper, Southern Pacific and Atchison ns among the best purchase*. A strong bull tip Is noted ou Rock Is land to accumulation In which we have been referring repeatedly of late. Philadelphia tips Iteadlug. but It must first take the 147 opposing stork. Baltimore und Ohio lias been bought for Investment. In fact, nil the Hnrrlman af filiation Isue* have been exceptionally well yet, but Information.Is bullish. Further realising I* occurring In 8t. Paul, but It may still be bought for turns when reactionary. New York Central and Pennsylvania ore regarded as good purchases on reactions now. Poo. — .. General Electric, Missouri. MORE POPULAR New York, Nov. 16.—The 8un says: covering and good general buying, encour- ng£d by continued activity and firmness In the spot markets at home and abroad, and Indications of comparatively small receipts nt the Bonthwest today. , TlieNjipot pre miums at the South are vfiry much higher than here, and especially on the better grade*. Revision Is very generally desired all through the lint of grades, and there Is an Idea that this matter will he recti fied next Wednesday. The present differ ences make the low grades seem to bo worth more than thoy really aro lu the spot markets and the higher grade* less. Liver pool and New Orlenn* were heavy sellers ror a time early In the day, with better weather aud some desire tu^ realize profits. The actual receipts att ho ports, too. were uot small by any means. Rut the bull side Is undoubtedly more popular than former ly, largely because of the urgent demand for the actual cotton, which seems to af ford the best kind of a foundation for the r >resent strength of the cotton situation. If, ndeed. It doe* not pave the way for some thing like n hull market later on, unless re- ?elpta should prove too heavy for tho mar ket to digest. * New Orleans, Nov. 16.—The Tiroes Demo- ernt says: “ ‘Show ’em a bale of anything that looks like good cotton and they will scramble to get It away from you,* Is the rather terse manner lu which sellers of the actual stuff describe the spot situation. Strictly In Hue therewith, they point out that the official spot quotation* do not fully reflect existing conditions. When the De cember option was being trade*I In st 10.20c, 75 points on that month was being bid for November delivery of Liverpool *ood mid- dling, or 10.93c. whereas, the spot Amer ican good middling, a more valuable grade, was quoted nt only 10%o. Meanwhile, the rings wero Just about as hungry for op tions as the spot market was for good grade bales. In the main, however, shorts merely *wapped place*, hedge selling * somewhat restricted because of the culty spot people encountered In obtaining supplies. Since the current situation de- K nds almost wholly upon the spot mar- t an easier tone there would Instantly be reflected by the rings. The movement Is still huge, hut actual cotton buyers are learn ing with Increasing concern that n larger proportion of desirable cotton coming Into sight has already been sold thnn they had calculated upon. Hence, tho tension. Re actions would now seem to be lu order, but the staple on Its merits innoari to t>e well able to take care of INITIAL PRICES . SLIGHTLY LOWER Reading Later Led Market in a Demonstration of Strength. TRADING WAS HEAVY All Kinds of ,Stories Are Current of Sensational . Developments. Xew York. Nov. 10.—Thla mornlnf, market fully maintained the degree nf strength which It had developed ,m the previous daya. Tho principal e„ couragement. ae before, waa found i n the eaalng rates for call money and by some rather definite «lgns that the strain In the time money market vv a , abattrig. Call funds, carrying of tour,, over the three day* period, loaned free, ly on the stock exchange today and under these clraimatanccs whatever restraint there had been on account of tho (mention ut money supplies « as almost removed. Operations for'the rise, which yesterday and the day be fore had seemed to narrow down to a few of the Western railroad issue* covered today a much wider range While the Pacific stocks and St. p au j held very strong, leadership of specu lation was assumed by Reading, New York Central, the Pennsylvania stocks Copper and Smelters. By midday prices for these Issues were up from 1 to i points from last night. New York. Nor. 16.—Following the lead set by London, the stock market opened Irregular, with the great majority „t stocks showing declines averaging from 'in % point. Tho strongest feature of tbe market was Amalgamated, which opened !4 higher. Reading was tho feature of the trad- Ing.ln the first hour and led the general market In the demonstration of strength after a moderate decline in the first ■ few minutes. Operations In many stocks were on a large scale Flower & Co. bought 50,000 slmru around the room. It was supposed that some Important developments are pending, and all kinds of stories are current of sensational news develop, ment*. One of the reports Is to the cf- feet that Illinois Central will guarantee 10 per cent on St. Paul, while another report .relates to an interchange o( holdings by St. Paul and Southern Pa cific. Government bonds unchanged. Other bonds Irregular. SEABOARD AIR LINE. PRIMARY MOVEMENT. movement of Wheat—ltecelpt, today MB.OuO huihels; last week 961,000 bu.be!>, against 123,000 bushel, n,t year. Shipments today 535.600 buabela: ast week 836,000 buahels, agalnat 481,000 buahela Inst year. Corn—Receipt, today 434,000 bushels; last week 656,000 nushela, agalnat 287,000 bush els Inst yenr. HhlnmentH today 303,000 bushels, Inst week 383,660 bushels, against 543,000 bttsbels last year. Following were the- cloning quotations ut seaboard Air Line atocku and Itonds: Illil. Asked. Seaboard Air Line, common.... 31 20, do, first preferred 80 V. do, second preferred 5214 54 do, ten-yenr 6a 100 laoq do, three-year 5a.. 99Cj 95s, do, 4a.. .... 82 MINING 8T0CKS. Boston, Nor. 16.—Old Dominion lGL; Michigan 17H; Shannon 1514; Daly West 2»: North Butte 112; Smelting 63. LONDON STOCK MARKET. STOCKS- Amalgamated Copper.. Anaconda Atchison Baltimore and-Oblo.. . Canadian Pacific (.’hesapeake and Ohio. . Denver nnd Illo Grande, do, preferred., . . Erie do, preferred Great Western "vat®?" 1 December.. . . 74% M«jr 79% July 78% CORN— December, . . . 42% May. .... 43% July 44% OAT8- Decfmber. May. July Msy. . . I.ARD- November. , December. . Juuunry. . . 8IDE8— January. . May. . . . Opti li6*i r-£ i 1 I ,* 9.85 9.00 -8.67% 9.90 9.85 9.00 9.00 8.75 8.67% New York. Baltimore. Boston. Chicago. Washington. Philadelphia. Atlanta. New Orleans. San Francisco. London. WEATHER FORECAST. Georgia-—Fair Friday nnd Saturday. Louisiana nnd Mississippi—Fair Friday; rain Friday night nr Saturday. West Florida and Alabaiuu—Fair Friday und Saturday. Gant Tinas —Fair Friday: Saturday cloudv; ralu aud colder In Interior. West Texas—Fair nud colder Friday, ex cept showers In the I’anhatidl.'. Arkansas—Tartly cloudy Friday; Saturday ruin and colder. Tennessee— Tartly elomJy Friday: warmer in centra! and eastern, portiou*; {Saturday rain. LOWRY NATIONAL BANK Designated Depository of the United States. CAPITAL $500,000.00 SURPLUS 400,000.00 UNDIVIDED PROFITS 140,000.00 A general banking business transacted. Foreign exchange, Letters of Credit. Corresponds direct with the National Bank of Cuba LIVE STOCK MARKET. Manage:. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Cmpirc Building. Bell Phone, Main l’b8. ATLANTA. GEORGIA- 1 fktcag<\ Nov. K—II«hp*— ReooJpt* today 1Market 5o higher; quality rnlr; left 1 j over 4,200; hulk $t*. 104*6.35: osthuarod rwvlut* 1 l tomorrow iWfio; light* 2&fi6.49: mixed fcuon fi.45; heavy $5.t34ftranch |5.t5r4jS.»»; pigs r».3*f«U5: ywriter* 86.30t#6.40; rood to choice heavy 66.354jd.45, Tattle— Ottuiatod receipts 3,400. Market { htendy; qua Illy fair; I were* 83.90fi7.3n: «*»w* I «t.i)*M-20; heifer* $2.4104.90: calve* $5> f 7.75; j pood prime steers 85.&Q7.31; i»oor to me din in feWffG.gP; Stocker* aud feeders LLfiOff ; Sheep— Estimated reeeipts Market • strong: quality fair; native* 82^04f5.7<J; west- Jem laf^rA.Cy; yearling* |SbdOfi6.40; Inubs * 7.76; Western K.5a£f7.W. WM. L. PEEL* President. ROBERT F. MADDOX. Vice President THOMAS J. TRKPLBS. CasMer. ■JAMES G. ULSTER, Assistant Cashier. JAB. I*. WINDSOR. Assistant Cashier. AADDOX-RUCKER BANKING COMPANY. CAPITAL $200,000.00 SURPLUS AND PROFITS . . $500,000.00 Accounts, small as well as large, invited. 3 1-2 per cent interest paid and compounded semi- annualiy in our Savings Department. The American Audit Company 100 Broadway, New York City. F. W. LAFRENTZ, C. P. A., Prei. G. E. MANWARING, Vice Prei. THEO COCHEU, Jr., Secretary. The American Audit Company, chartered under the laws of New York, is empowered to examine the affairs of, and make reports U|>on the finan cial condition of private and public concerns for directors, officers and In dividual*. The preparation and Installing of systems a specialty. ATLANTA BRANCH. 1015-101G-1017-1018 FOURTH NAT’L BANK BLDG. C. B. BID WELL, Resident Manager. Telephone, Main 872. Cable Address, Amdit, New York. Safe Deposit Boxes For rent in our vaults in Ibe basement of the Empire {Building for only $5.00 each per annum. Absolute Security and all Modern Conveniences You should not be without one. We invite you lo call and inspect them. Title Guarantee and Trust Co. ^SS/9SSSSP99SSS9St9SSSS3SSSSS99SSSSSS9SSSSSSS6S$SSSSSGSSSSS$SSSSSSSSSSSSSS& „ „ An . „ Frau!! newklns. Pr«M,nt. £i/!h a A..H Tncmai c. Enrln. Aast. Caahler. Jowpb A. McCord. Cashier. R. \v. Aaat. Cashier. Third National Bank Capital Surplus Dr. A. W. Calhoun. DIRECTORS) Frank llnwklne. II. M. Atktnvoo. A. McCord. $200,000.00. $300,000.00.