Newspaper Page Text
STRENGTH OF SPOT
STILL THE FACTOR
i * ii
Demand Continues Urgent
for Good Grades of
Actual Stuff.
FUTURES
ADVANCE
No Material Decline Is Ex
pected Until Holders Ma-
kot More Freely.
.* ;
New York. 1 , For. lf'-TIic ifcat.uee of, the
f local cotton. market nt jOheymuct Wag tlm
! pan-haw or ]S,0qj tialo of '|*nu»rr,'by oi»
' broker. Thf cottnn wn* -*nrtr<*'W to be for
■ blg t Wollj .trout comml.nori haute, and
helped to efeidj- t|ic wh.lt- 1 mfirt'et-ln- the
* fsrbe of prefiuro frohi the rccmi crowd.;
Liverpool V»Hy .rtrlce. vfere without In
fluence on |ho npecnlat1ve .marketfor cofe
ton In New York. J*rle*« r «t I2:!» In'th-
English mefket wore StW point* higher tin
the near and 1 higher on the dlatant po«l
tlone. It wai'duo 12 and i) polnta op. re
( epeetlrel)-. The decline In that mitrjjipt la
UPUCL'U IIT IU9 Bimijr «uiiiuvv "I'’ “
I lag. The 2 p. m. cable uoted little change
from opeolng price*, after which prlcea tie-
ran to adeauce, and at the clone waa ateadjr
5iHMf25 point* above the cloae of fetter
I Following la the rang* In the active
; month* In Liverpool today:
Open. High. I*»w,
November ft. rot B.w B.57I
Janaary-February. . ..ri.tg 5.D5 K.tfi
MtTtchAirtl:.. . .. ..B-M -Ml JW4
May-June B.66 6.6B B.66
Th* .market for spot cotton eontlnoe
firm, .with aplnner* taking liberally at ad
vnnelng price*, middling today living mark
«d up 10 polnta to 5.Hod on ealen of 10,000
h "on'' Liverpool'. early ahowlng, the New
York market waa due to open 8 point* lower
on the near.and 4 point* down on the dla
tant poaltlopa, but the "feeler from the
Cngllolt apeculator waa Ignored by our mar-
E atV* and* the opening waa ateady 1 lailnt
Igher to 1 point lower.
1 After the opening, abort* were nervous.
The boll* were more conddent of their po
rtion, nod bought, while the heart were
i ahowlng eonalderable fright and were cover-
I Ing, Influence* that made for a atrong mar
ket and a continuance of the advance of the
adea.
I P ^rhe W demand for aaot cotton la .till nr-
gnnt, otportera and) *plnner«iO(Ti-rJng any
price aaged by hold?* for I
Offer*tappnrantly dd not a|
and a- majority of tho b
** TOe apecnlatlve hear ha*-produced n largo
.crop of papar cotton below current price*.
He I* dndmg It difficult to Induce tho ac
tual producer to market aufflcbnt cotton
to meet hla obllgatlona, hence he la. now
engaged la buying In paper cotton to off.
net bl* prevlou* pnrcbaK*. The boll* nro
making him pay the dlfferenco In price.
The situation In *pot cotton will make
the prlcea for futurea. for at time, at leaat.
A» long na tho present strength continue*.
II material decline can not bo expected. If
the slfiinllou weaken., a iliarp decline
” iiafl weather' I* forecasted for the neat
day or two.' Ttal. will enrtall the move-
metit. A- flght movemcat from whatever
cause I* n liulllsh Influence, and prlcea re-
S*W elo»e n< wna ateady. with Ijrleee net
HT« * u 2’ • “I"
1908. J90B. _ 19W.
Overland week.... «,!«
Since September 1. IW.ira
Wnee'September Y.4,Klj8 *,*•»,"• **
Klngl* Into-alght for week S70,*7I: laat
your SS0.382: for aeaaon ao far 4,6(6.411,
agalnat 4,4*.097 la»t year.
Vomparatlvo recylpti at United Slate*
Set tyntofa today W.M2
H 1S?r™J, 1 ."!.r." r :. :.":::: 858
Total receipt* for the week 41i7»
S in^l« k .‘" t . , !* r ::
Total recelpia *lnee September
home tlmo last year ....3,288,998
Increase..... •• ••
Estimated for tomorrow:
9,851 «.474
188,970 31,163
511,874 673.807
4.475,461 5.074,719
196,917
New Orleans..
Galveston
Houston
1108.
... 8,000 to 10.500
,.24,000 to 2*.000
..10,000 to 11,000
1906.
15.36
26,971
17,253
SPOT COTTON MARKET.
ka7«t«“w
ffMcnlatlon and raport 1,000.. ltecetpta 86,-
0%, American 23,400.
" New^York—Stmidy, 11c; delivered on con-
tract 1,100.
New Orle*rut-Firm, 107-1B.
St. Louie—Steady, iotie.
noaton—Steady, 10.00.
Memphla—Quiet. 10c.
Mobile—Firm, V%e.
Norfolk-Firm, lOSe.
Wilmington—Firm, Me. •*
Charleston—Firm, lOlic.
TODAY-8 PORT RECEIPT8.
G«
today, comparad wit
STRIKE QUESTION
TO BE SETTLED
-Now York, Nov. 16.—Another con
ference will be field tomorrow between
officials of the Erie'and representatives
of the firemen, who by a unanimous
rote, are Riven authority to decide
whether there shall be a strike.
NEWS AND gOSSIP
Of tho Fieecy staple.
Private Wire to Gibert A Clay.
New York, Nov. 16.—Liverpool opened $4*9
higher on near nnd 7 higher un* dlatant.
Was due about 12 higher on near owl 9
higher-on distant On this hosts, wo should
Open about 6 lower on ■ near and 4 lower
on distant.
Liverpool cablet: “In consequence of the
strength of Southern markets, decreased es
timates and manipulation, chances are In
favor of market Improving."
Liverpool ft selling cotton.
In face of heavy selling by Liverpool, tbe
tone t)f the'market Is Arm.
Tho Liverpool cotton exchange will be
closed November 30.
The Journal of Commerce: “The general
tone of the dry goods ‘trade continues
healthy, with n .firm undercurrent; tending
to maintain--values steadily. Tin* ilif leni
ties In tbe way of -.prompt deliveries are
not being dissipated rapidly enough to' siilt
buyer* or* sailors, and there is necessarily
a half In several direction* In the trade.
There nro many unfilled orders at hand,
and spot goods cdutlitut* to bring full prices,
neverthulcss it la fecogulwd that a. much
more satisfactory trade could »*e done If
tbe mills would send along their products
Itf fuller volume."
New Orleans, • Nov. 16.—Liverpool at 7 up
_i not a full response. Was due *10 up,
but sales of 10,000 spot at 10 point* ad
vance la favorable feature. *
•-Liverpool cables: "Near position* firmly
held *nd steady on account of unprofitable
ness* of tendering. Market steady, without
•pedal feature. ,r
Our Galveston correspondent writes
*The demand for spots continues unabated,
and holders have no difficulty to sell at
almost their own prices. Everybody hero
la trying to buy spot cotton, and find it
mdft difficult task. The interior Is otter
ing!-next to nothing, and local factors
have. no stock to apeak of."
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-flvo
years* experience of ed
iting markets In Atlanta
and the South has made
him a recognlxed au
thority In his specialty.
TI^S FLASHED
From Wail Street
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
spot offering* hfiB extremely light.
The western forecast Indicates Increasing
cloudiness, with showers and colder weath
er generally tonight. In western Texas,
fair and much colder. An extensive low
pressure overlies tho Missouri valley, em
bracing all pf tbe Western fwlt. The ba
rometer pressure records 29.15 Inches, fore
boding rather severe disturbances.
.Tho eastern forecast Indicates generally
unsettled weather tonight, with ralu and
warmer throughout tomorrow.
THE WEATHER.
LOCAL FORECA8T.
Foil ATLANTA AND VICINITY— Wrtly
cloudy and warmer tonight; Katurday rain
and warmer; colder by Hunday.
WEATHER FORECAST.
The storm that was centered near Norfolk
land, Maine, where the pressure has do-
•creased .76 Inch . In; the -past twenty-four
hours. Over the‘*outhea*t «m*drunt>of the
r the barometer bus risen consltlcwtbly,
n slight high hr central ,over western
North Carolina. The northwestern law that
was over Montana-Thbr*dsy-morning bus
dropped to tho southeast to Dodge City,
Kans., canting rapid falls In the barometer
nt all stations lietweeu the Hocklcs and the
... tpp|, Uain or snow has fallen at most
s In the northern tier of states from
.._.J to -Maine. This morning, sleet was
fnlling nt Ht. l»nnl and rain nt Boston.
Colder weather prevails on the south At
lantic coast and In the northern Kooky
mountain districts, whllo the temperature
has risen |»<*rccp!lbljt In the western half
of tbe cotton licit and northward to North
Dnknto and Kouth Dakota.
The conditions promise fair and warmer
weather In-this section'tonight; Katurday
Minimum *nd Maximum Temperatures
and Rainfall,
Observations taken at 8 a. m.« 75th tnerl
dlsn time.
NAME OF STOCK.
Amalgamated Copper.
Atlantic Coast Line. .
Americas Sugar U*f. .
Anaconda.
American Locomotive.
do. preferred. . . .
Am. Smelting Ref. . .
do. preferred. . . .
Atchison. . . .....
do. preferred. . . .
American Cotton OIL .
Am. Car Foundry. . .
Baltimore A Ohio. . .
Brooklyn Rapid T. . .
Canadian Pacific
Chicago A Nortbw'n. .
Chesapeake A Ohio. .
Colorado Fuel A Iroo.
Central Leather. . . .
do. preferred. . . .
Chicago A Great W. .
Chicago. M, A Ht. P. .
Distiller's Securities^ .*
Am. Ice Segoritlea. . .
Louisville A Nsebvltle.
Mexican Central. . • .
Missouri Pacific. . . .
NAME OF STOCK.
N. Y., Ont A Western.
.lorfolk _
Pennsylvania.
People's Gas. . . .
Pressed Steel Car.
do. preferred. .
Pacific Mall. ....
Reading
Republic Steel. . .
Rock Island. . . . ..
do. preferred. . . .
United States Robber,
do. preferred. . . .
Southern Pacific. • • .
Southern Railway. . .
do. preferred. . • .
SIoss-ShefTIeld. ....
Tenn. Coal A Iron. . .
Texas A Pacific
Union Pacific. . . . . .
United St*re* Hteel. .
do. preferred. . • ,
Va.-Car. Chemical. • .
do. preferred, , , .
Western Union. . . • .
W *do.* l prlfprr*<j." I
Wlaconain Canlral. . ,
do. prefarred. . . ,
34*4
Total atock aalea today 1.273.700 ahnrea.'
NEW YORK.
Tho following la tbe range In cotton fu-
turea In New York today:
Nov. . .
Dee. .
Jan. .
Feb. ..
March.
I10.32J10.50
JO.13j70.29
10.12! 16.32
io.21io.43
10.30 10.46
10.32j 10.52
10.37 10.60
10.3910.5K
Closed steady.
10.21
. ,3011
10.29
10.37
10.31
llll IB
10.46! 10.45-50 10.40-43
10.27 10.23-27 10.14-15
10.23 10.26-26 10.13-14
10.33-35 10.22-24
10.37 10.37-3M 10.23-24
10.46 10.42-44 10.29^1
10.47 10.47-4* 10.32-33
1056 10.65 66110.40-41
LIVERPOOL.
The following figures give the opening
rauge and close, compared with yesterday a
dose.
Futures opened firm.
Opening . Previous
Range. 2 p. m. Close. Close.
November. ..5.68 -if59 5.60 5.64^ 5.4914
Nov.-Dec. . .6.51 -5.53 5.53 6.58 5.43%
Dec.-Jan. .. .5.49 -6.48 5.60 6.55 6.41
J«n.-Feb. . .6.48 -5.49 6.49 6.64 5.40%
Feb.-March.. .5.5')%-5.51 6.49% 5.65% 5.42%
Marrh-Aprtl. .6.61 -6.62
April-May. . .6.63 -6.r~
Anrll-May. . .5.53 -5.5
May-June. . .5.66 -6.6...
June-July. . .6.68 -6.69
Closed steady.
ffl : 1
5.66 6,60
6.67% 6.62
NEW ORLEANS.
The following 1* the range In
ture* In New Orleans today:
cotton fo*
i
S
2
I III
i
4 i
Nov,
Dec. « • • .
Jan
Feb
March. . . .
April.’. . .
May
Jnne. . . .
1*6.18
10.26
*10.43
iblii
K.I
i(M4
10.47
iati
ioiio
i*0*.7K
iatiiolx
10.221(840
iassiou
ioii Jiblcr
Vt.63iio.67
10.87-39
10.8636
10.89-40
I'M- ;
10.5656
10.61-63
lfcflM?
10.71-73
10.75-77
10.19-21
10.18-19
10.23-24
10.30-32 "
10.39 40
10.4647
10.53-54
10.59-61
10.67-69
Cloaed ateady.
Private Wire to Glbert & Clay.
New York. Nov. 17.—Marshall. Spader A
Co.: The market Is entitled to a further
show of strength today, though some con
sideration may be given the reported ac
tion of the United States government
against the Standard Oil Company, and fur
ther evidence of the strenuous pursuit of
the New York Central aud other corpora
tions for violation of tbe rebate law. The
Washington dispatch this morning states
currency reform plan has been announced
by the bankers. It Includes Issue of cred
it notes guaranteed by the government.
Americans in London heavy !4€?*4 Im*Iow
-a;
fairly easy between now ai
month.
General London market strong.
Rapid Transit commission orders Inter
.»oro to operate express service ns fai
One hundred ami thirty-seventh street.
Federal government asks court to dissolve
tandard Oil Compa
Good demand for
loan crowd.
New York Central fonnd guilty of rebat*
ng by the United Ntates circuit court.
Indications point to a return of currency
from toe Interior In Increasing volume from
now forward with hnlnncu In New York's
favor early In December.
Twelve Industrials advanced .24 per cent
Twenty active railroad* advsnecu .27 per
cent.
Financial Bureau.* We regard United
States Steel, Union Pacific, Louisville and
Nashville, Copper, Southern Pacific aud
ttchlMon as afar— —* mm
A strong bull rr
land to accumulation In which we have been
referring re|teatedly of late.
Philadelphia tips Reading, but it must
147 opposing stock.
taken, and display strong up-tendencies.
Smelting li held between 156 and 152 .
:, bat Info *ui«tIon Is bullish.
^ Pool sources send out tl^s oq Anaconda,
. PRICES
SLIGHTLY LOWER
Reading Later Led Market
in a Demonstration of
Strength.
Ansas and Tex-
NOTES ON GRAIN
Pointer, on Provision,
Atlanta.. .,
Abilene ,
Asheville
Amarillo
Augusta
tlrmliigham. ....
.llama rck
lost on
Buffalo
Charleston
Charlotte
Chicago
Cincinnati
Corpus Christ!. . ,
Davenport
Dodge City
Rl Paso
Fort Smith
Galveston.. .. .... .
Havre
Huron .. .
Jacksonville
Jupiter
Kansas City
Key West.'
; Cnoxvllle
*o* Angeles..
Huron .. .
Marquette.. .... ..
Memphis.. .. .. .. ,
Meridian
Mobile
Modena
Montgomery
Nashville
New Orleans
New York
Norfolk
North Platte.. .. *.
Omaha.
Oswego .
Pittsburg
'ortlaud, Maine. .
Portland, Oreg. . .
Rapid City. . .. .. .
Ht. Louis
Ht. Paul
Han Francisco
Havnunah.. .. .
Spokane
Tampa
Taylor
Thouiasvllle
Vicksburg
Washington
Wilmington
Wlnnemticca.. ....
Yellowstone
J. B, MARBURY,
Section Director.
INTERIOR MOVEMENT.
The following table shows receipts nt the
Interior towns today, compared with thu
same day Inst year:
Houston.. ..
Augusta.. ..
Memphis.. ..
19331
22*S
9784
5916
17252
1HW)
6435
1015
tA n ALABAMA ST
iNaw York'
’■New* ' “
New
GIBERT & CLAY
STOCKS. BONOS.
COTTON. GRAIN.
COFFEE, PROVISIONS
MEMBERS:
New Orleans C £u£S feS*"*** i V hto **° Board of Trad*.
New Driesne Stock Lxehamre. r Liverpool Cotton Aes'r
ATLANTA. GA
-I | is - :: r
4o^r„ff« ™ s
Loetl and Long Distone# Telephone 5298. ,G. E.' KEPLINGER, Mantgor.
Private Wire to Glbert A Clay.
Chicago, Nov. 1#.—Wheat opened tame,
with n little Indication on the part of bulls
to sell In hard spots. Heems to bn eonaid-
■ralde May wheat for sale around 79%c.
Corn opened firmer on the higher cables
nnd oil rulr buylug of Decctnla*r by cash
houses and pit.
We contlniio bullish on wheat, and favor
buying corn.
Clilcugo Record Herald: "Buropo will
have to take ns much wheat from the
United (States this year as she ever took
In auy year," sold W. H. Crosby. "Hhe
will not lie able to get it nt these prices,
or anything like them. To supply this
quantity would exhaust our stork*, which
I think would euslly mean $1 for wheat In
Chicago. December wheat will be liquidat
ed this year on nu ascending scale. It*
price will he higher December 1 than It
I* now, nnd I ladlove tnnt It will be 10c
higher nt tho closo of Decemlier than It'
Is now. Hhort* are already nervous, but
uy are no more nervous than are the
jllf who have no wheal, but who would
like to profit by nn advance. The market
Is galnlug In activity, and with this buyers
of wheat will gain In confidence* With n
bronuer market the tradewvlll lose sight of
ami cense to magnify the dangers qf De-
ceinlier liquidation. Who owns the wheat
or whether they own It for December or
May will make but little difference, if it
advances It will be because prices all over
the world advance, nnd u temporary local
speculative condition in Chicago will uot cut
WHEAT WAS WEAK
LOWEUT-START
Heavy Realizing by Longs
Is Given as the Cause
For Decline.
Chicago, Not. 16.—Wheat support
was quite tame, fm the talent was play
ing tor a reaction after several day,
of advance,. Both Winnipeg and DU'
luth reported the demand for caah
«ra,e cioiw T of *lhK‘ettilier l> than *1*4 wheat a, good. Tho Minneapoll. bear,.
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 t<* Buffalo.
Clearances for the week 3,742,000
bushel* wheat, the previous week
4.156.000 bushels and year ago 4,732,-
000 bushels.
Corn 1,220,000 bshels; previous week,
871.000 bushels; a year ago, 1,058,000
bunhels.
Closing prices showed wheat 1-8©
3-4c lower; corn l-8c up to l-4c off;
oat* l-8c off to unchanged and pro-
vlHlons 6ft lOc lower.
Cash sales here at tho seaboard were
small and Included n few straggling
lots of wheat, corn and oats.
Primary receipts of wheat were
smaller than last year at 911,000 bush
el*. against 1,295,000; com receipts
434.000 bushels; u year ago, 687,000
bushel*.
Clearances for the day 455,000 bush
els wheat, 167,000 bushels corn and
2.000 bushels oats.
WO* 243,650 UP!! «?IS, nitniuai iii.i'iv hi I*vw
and 270,315 In 1904. Mure capacity proud*?*
to 1m* operated tills week, and the output
proud*?* to exceed 300,000 barrel*. Flour
trade with Mltiueupoll* mill* was -much of
the name character a* In other weeks. If
there was any variation It was In tho di
rection of some mill* selling much le*s Hour,
while other* sold more. Aggregate sales
probably ran somewhere ahead of the quan
tity of flour made. Foreign lmutuesK was
Ut * * ” * ' * ~* *
ually were fully 1 shilling too low. Out
side mill* report flour sales considerably
less than output.
A Minneapolis man wired*. "In 1904 we
had In Htoro November 1 8,000.000 bunhels of
wheat. May wheat was then $1.16. In
November, 1906, we had 10,000,000 bushels;
May price was 88%e. This year we have
about 1,750,000 bushel*, anil the price Is
79e.‘*
wish to renew my prediction of last
stdl nt $1 per 1
■ay* W. Is. Lake.
GIBERT A CLAY’S DAILY
COTTON LETTER.
New Orleans, Nov. 10.—The strength of
the Southern markets Impressed Liverpool
very favorably, and the feeling abroad In
clined more readily to higher price*. Op
tions were from 11814 points higher on the
close, while spot transaction* tyere quoted
10 points higher, with 10,000 s^UL Tbe
market today was us strong ns could be
expected, taking the old of outside support.
The dciunml for spot cottou Is almost pile
nouieual. but offerings arc characterized ui
being either generally searcq or uudeslra
Me and exporter* must of necessity resort
to f. o. b. lots for which they are said to
pay fabulous prices. Heretofore the weatb
er has' lH*en so Ideal for field work* that
Its lutlucmv has beeu rather to Intensify
the belief In large crop Ideas, but uow at*
tuospherle conditions scent to have under
gone a decided chauge, and Indleutldus point
to the existence of a storm of unusuaf
Intensity and of an exceedingly large area
now nicuaclug the western belt and mov
ing in au easterly direction. To what ex
tent the presence of such n disturbance
tuny Influence uuhUc opinion Is entirely de
pendent upon the resulting damage, but It
Is safe to assume that, coming at n time
ivheu prices have already Improved consid-
•rably na the result or an excellent de
mand for cotton, It can create but little
confidence In short sales.
WEATHER FORECAST.
iieorgla—Fair Friday and Saturday.
Ismitdnna and Mississippi—Fair Friday;
rain Friday night or Saturday. *
West Florida nnd Alabama—Fair Friday
aud Saturday.
Fast Texas—Fair Friday; Saturday
Partly cloudy Friday; Saturday
rain and colder.
Tennessee—Partly cloudy Friday; warmer
» central aud eastern portions; Saturday
LIVE STOCK MARKET.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building.
ATLANTA.
Bell Phone. Main 838.
GEORGIA.
Chicago*' Nov. 16.—Hogs— Receipts today
1S,u.i0. Market ,V higher; quality fair; left
4,3W»; bulk pi.108d.a6; estimated receipt*
*rn*w 14.ooi>: lights $»>tifi.40: mixed $6,058
6.4T>; heavy $5.05^6.65; rough $5.£>*r5.90; pigs
$5.3)86.15: yorkers $6.3086.4 •; gwsl to choice
heavy $«.3.1416.45.
fattle— Estimated receipts 3.400. Market
steady; quality fair: Is-eves $3.9087*30; eows
$l.ZHii:*': heifers fZ.mt4.H0: calves $587.75;
gtKsl prime steers f5.23Cf7.30: poor to tne-
dlnni $3.9)86.20: sb*dters and feeders $2,008
Hh**t>|v— Kstlmatnl rereipts Market
strong: quality fair; natives I3.50k5.7t); west
ern 13.5*85.60; yearlings LYi0.4v; lambs
" «7.70; w estyrtt $4,&Vf/7.4u.
SOUTHERN EXCHANGE
Oldest Established Office South.
COnOK STOCKS BONDS GRAIN
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
REFERENCE. THE NEAL BANK
PHONE «4IT. PRUDENTIAL BLDG
THE COFFEE MARKET.
ig It
close of the New Tori
today: ,
January
February.. .. . ..
March
April
May
June
August
Hepterabef..
October
November
December
Closed steady.
,,...6.10-6.15
....6.15-6,25
.. .*6.25-6.30
.... 6.30-6.40
6.45
.. ,6.30-6.55
6.66*6.70
. ..6.766.80
. ..6,80-6.86
,...5.90-6.00
*.*.6.00-6.05
Closo.
6.06-6.10
6.15-6.25
6.25-6.30
6.35-6.40
6.8 M9
6.666.60
6.666.70
6.766.80
6.80-6.86
5.966.00
6.0041.06
COTTON SEED OIL.
Following were tho opcnlog and closing
prices on cotton seed oil today:
Opening.
Noverol»er &%8 39
December 86%836V
January 34%e34%
February 84%M4
March .34 U34% _____
May 3414034# -X%8*\
Hales, 100 NovciuIht at 38%. 100 November
*"*■ m “•» “
THE LIVERPOOL GRAIN MARKET.
WbMt—Opnwd V, higher: nt 1:39 p. m.,
ttffc higher; cIomhI higher.
Corn—Optmeil unchanged; nt 1:30 p. m.
WBK higher; clo*«l 1464, higher.
CHICAGO CAR LOT8.
Below I* given receipt* today nnd e*tl
mated receipt* for tomorrow:
Tmnor
Today. row.
V*ho»t rfo «
• orn 395 248
Ont* 14 199
Hog* 19,000 16,900
THE SUGAR MARKET.
New York, Nor. M.—Refined and raw
*ugnr market* Heady and uuchaugvd. Lon
don beet market ateady.
CHICAGO GRAIN MARKET
WHEAT-
;l I I
. LARD-
Nov... 9.85
Dec.... .9.00
Jan.... 8.67%
Jan... 7.82% 7.92*
Mny... 7.92% 8.00
CAHII WHEAT—
7.87%
No. 2 red 75^76; w No. 3 do 73075 nominal;
Letting By Pin and Candle.
The old custom of letting premises by
the aid of a candle and a pin ho* been
observed at Padwortb. a village be
tween Reading 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 $86.—
London Evening Standard.
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.
MORE POPULAR
New York, Nov. 16.—Tbe Hun says:
i wave of sellfng order* bad de
prices for the time being on both
the water, there was a rally, on
covering aud good general buying, encour
aged by continued activity and firmness In
the spot markets at home nnd abroad, and
Indications of comparatively small receipts
at the Southwest today. The spot pre
miums at the South are very much higher
than here, and especially on the better
grades. Berlsiou.ls very generally desired
nil through tbe list of grades, and there
Is au Idea that thla matter will-be recti
fied next Wednesday. Tbe present differ-
eucea make tho low grades seem to be
worth more than they really are In the spot
market* and the higher grades leas. Liver
•ular than former-
iv, largely necause or me urgent demand
for the actual cotton, which aeema to af
ford tbe best kind of a foundation for the
r Bresent strength of the cotton situation, if,.
Indeed; It does not pave the way for some*
thing like a bull market later on, unless re.
eelpts should pro - ' 1 ' - —
ket to digest. *
New Orlenns. Nov. 16.—The Tidies Demo
crat soys: '* 'Show ’em n bale of anything
that looks like pood cotton nnd they will
scramble to get It away from you,’ Is the
rather terse manner In which sellers of
the nctual stuff descrll»c the spot sltuution.
Htrictly In line therewith, they point out
that the official spot quotations do not fully
reflect existing conditions. When the •*
dllng, or 10.93c. whereas, MHPW
lean good middling, a more valuable grade,
was quoted nt only 10%c. Meanwhile, tho
rings were just about as hungry for op-i
tlons ns the spot market was for goodl
grade bales. In tbe main, however, shorts
merely swapped places, hedge selllug l '
somewhat restricted because of the
culty spot people encountered In obtain^
supplies. Since the current situation do*
C Bends almost wholly upon the spot mar-
let an easier tone there would Instantly be
reflected by the rings. The movement Is still
huge, but actual cottou buyers nro learn
ing with Increasing concern that a larger
proportion of desirable cotton coming luto
sight has already been sold than they had
calculated upon. Ilcuce, the tension. Ue-
actions would new seem to be In order.
TRADING WAS HEAVY
All Kinds of Stories Arc
Current of Sensational
• Developments.
New York, Nov. 10.—Tills Lnornln,',
market fully maintained the .degree of
strength which it had (level,,,,,.,] 0
the previous days. The principal
courogement, as before, was found in
the easing rates for call money and bv
some rather deilnlte signs that the
strain In the time money market
abating. Call funds, carrying of course
over the three days period, loaned free,
ly .on the stock exchange today and
under these circumstances whatever
restraint there had been on account of
tho queatton of money supplies W a*
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 Issues
covered today a much wider range’
While the Pacific stocks and St. Paul
held very atrong, leadership of siieeu-
latlon was assumed by Reading, New
York Central, the Pennsylvania stock,
Copper and Smelters. By midday prices
for these Issues were up from 1 to 2
points from last night.
New York. Nov. 16.—Following the load
set by London, the stock market eneoei
Irregular, with the great majority
stocks showing declines sreraglug from ut,
% point. The strongest feature of the
market wss Amalgamated, which’ opened
U higher. ■
Reading was the feature of the trail
ing In tho first hour and led the general
market In tho demonstration of
strength after a moderate decline In
tho first few minutes. Operations in
many stocks were on a large scale.
Flower & Co. bought 50,000 share*
around the room. It was supposed thst
some Important developments are
pending, and all kinds of stories are
current of sensational news develop
ments. One of the reports Is to the ef
fect that Illinois Central will guarantee
10 per cent on' St. Paul, while another
report relates to an interchange of
holdings by SL Paul and Southern Pa
cific.
Government bonds unchanged. Other
bonds Irregular.
SEABOARD AIR LINE.
PRIMARY MOVEMENT.
Iff flg
movement of wheat anil
Wheat—Receipt* today 906,000 bushels; last
week 961,000 bushels, against 125.000 bushels
last year. Shipments today 635.000 bushels:
last week 836,000 bushels, against 481,000
bushel* lust year.
~ today 434,000 bushels: last
»els, ngalust 287,000 bush
els Inst year. Shipments today 303,000
bushels, last week 383,000 bushels, agalust
543,000 bushels last year.
Following, were tho closing quotations uf
Seaboard Air Lino stocks and bonds:
Sen hoard Air Line, common..
do, second preferred..
do, ten-year 5«.
do, three-year 6f
do, 4s
.. .. 62%
190
....99%
.... 82
W't
82*i
MINING 8TOCK8.
Boston. Nov. 16.—Old Dominion
Michigan J7%: Shannon 16%; Daly West -5
North Butte 112; Smelting 63.
LONDON 8TOCK MARKET.
STOCKS-
Amalgamated Copper..
Anaconda.... >
Atchison
Baltimore and Ohio.. .,
Canadian Pacific
Chesapeake nnd Ohio,
jl’rv.
Great Western
Illinois Central
WHEAT—
December.. . . 74% 74% 74%
er^v.-a % ss
December.. .. .. 34% 34% 34%
IBfcv:. V.V. m Sg
May. . . .
LARI>-
November. .
December. .
January. . .
HIDES—
9.85
9.00
8.67*%
9.90 9.85
9.00 9.00
8.75 8.67%
,9.91
New York.
Baltimore.
Boston. Chicago. Washington.
Atlanta. New Orleans. San Francisco.
Philadelphia
London.
The American Audit Company
100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A., Pre«. G. E. MAN WARING, Vice Pre«.
THEO COCHEU, Jr., Secretary.
The American Audit Company, chartered under the laws of New York,
la empowered to examine the affairs of, and make reports upon the finan
cial condition of priyate nnd public concerns for directors, officers and in
dividuals. The preparation and Installing of systems a specialty.
ATLANTA BRANCH, 1015-1016-1017-1018 FOURTH NAT’L BANK BLDG.
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdit, New York.
IVM. t. PEEL, Prwld.eL
BODEBT P. MADDOX. Vie. Pmlflmt
THOMAfl J. PEEPLES, CMhI.r.
JAB. P. WINC
Anlat.nt Caablrr.
MADDOX'RIICKER 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
annually in our Savings Department.
Safe Deposit Boxes
For rent in our caults in the basement of the
Empire {Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should noi be without one. We invite
you to call and inspect them.
Title Guarantee and Trus^Co.
’YS&fa
Third National Bank
Capital
Surplus
Dr. JL W. Calhoun.
Mtiton Dargan.
John W. Grant.
H. Y. McCcnJ.
$200,000.00.
$300,000.00.
.. , DIRECTORS: j. il Nnantlly.
■i” tY J. <’»rrotl Paysa
i 1 ' B. fi. Ilnraer.
Jowph A. McCord. David Woodward.
—