Newspaper Page Text
10
THE ATLANTA GEORGIAN,
MONPAY, NOVEMBER », OT.
DECLINE CHECKED
B! STORM NEWS
Egyptian Selling in Liver
pool Responsible for
Break.
NEW YOR KOPENED UP
Later Declined. But-Rallied
on Unfavorable Weath
er Reports.
NEWS AND GOSSIP
of the Flceqy Staple.
New York. Nor. M.-Short* nude a rush
to rover nt tUr opening, of the cotton
market today, and, oe a result. tlff.Jl.t
opened strong nt an advance o( <617 point*.
Very nafevorahlr weather condition* ■ In
the Sooth caused the strength.' The feneral
trade waa active and broad.
The English market thla morning
wai sharply lower than due on Satur
day - ! New York cloning. Egypt waa
reported aa selling, to which waa at-
trlbhtedVthe opening decline. That
market,waa expected to ahow advances
of from 1 to 2 points. First prices
wefe r. to « points lower.on the near
positions' while* the distant were of
1 i-J to 2 1-2 points.
A lieltcr feeling developed after the
opening and Inter advices reported the
. market firm with prices moving stead
ily upward, the clone being steady at
advances of three to seven points. The
late ndvance was brought about by
covering on fears' that the storm had
done considerable damage to cotton In
the fields.
Following la the range In tha active
moathi In IJverpool today:
Ope"! H W;
November. 6.7S KM
JonnnryFebrnary K6J B.S.
Marcb-Aprtl SSL IS IH^
Msy-Jun* S.Wtk S.7S K5»
Spots were In fair demand, with
prices easier, prices being reduced 4
points to 6.94 for middling on sales of
9,000 bales.
Opening prices In New York decided
ly higher than due on Liverpool*
showing, the storm news being consid
ered a bullish factor, and tho scramble
to cover resulted In advance* of from
« to 17 points, with the tone called firm,
but during the morning session sharp
declines were recorded throughout the
list, the result of profit-taking sale*
and heavy estimated receipts for New
Orleans and Galveston tomorrow, these
two points expecting 70,000 to 77,000
bales, against, <8,319 actual receipts
last year.
The spot demand, however, continue!
enormous, and In Texaa la extending
Into tho low grades, and price*, aa a re
sult, were on the mend after midday,
aomo 10 points of the morning decline
being recovered.
Comparative receipt* at all United
States porta:
Net receipts today .. .. «... 67,848
Same day last year 00,964
Decrease .... 9,108
Total receipt* for two days.. 112,886
Same days'last yiar. 111.988
Increase . * • * . # ^ • * • • • 879
Total receipt# ilnqe Sept. 1... .9,606,955
Same time mat year..9,401,049
Decrease ..*».* . 204,90®
Estimated tomorrow:
« 4*05. 1906
New Orleans . .22,000 to 24,000 28,764
Oalventon «... .48,000 to 69,000 39,646
Houston 19,000 to 24,000 90,876
Movement at Atlanta: \
Receipts today 1,442
Same day lost year 867
Increase •» •• •• 985
Shipments today 1,654
Same day last year .. .. .. .. 1,084
Increase 970
Stock on hand today 19,400
Same day last year 11,461
Increase 1.998
The close "waa very steady, net 9 to
10 points higher, as compared with
Saturday's Anal*. *
BPOT COnON MARKET.
Private Wire to Glbert & T^lay.
New York, Nor. 19.—Liverpool 6 to 6 lower
on near and lft to 2ft lower on distant.
Wns due 1 to 2 higher. On this bml* New
York should open 8 to 16 lower.
New Orleans. Nor. 19.—Liverpool 1 down
is disappointing. * Was due unchanged to 1
up. .* , .
Liverpool cable*: "Egypt soiling."
The higher market is due to the nervous
ness of shorts on account of the storm In
- Th^TlinVs-rmiuocrst gives account of the
storm which origins ted In the gulf and t!s-
ited Alabama. Mississippi. Tennessee nnd
north Louisiana. Heavy mins have fallen
In some .localities.
Vicksburg su<l llrooklmven had two Inches
nf rain - yesterday. Warm nnd raining nt
Shreveport; Greenwood, cloudy and cool:
Meridian, cloudy nnd very warm, mined nil
yesterday; Memphis, rained all night ana
still-raining; Jackson, cloudy nnd warm.
A special to the Tlnies-I>eniocrnt from
Pallas says: "North Texas Is suffering
from the first .bad spell of weather of the
present season. Two days of very warm
ss&se At-iTfX;
blixxard. The temperature here reached
the freexlng jxdnt. In the Panhandle re
gion snow Is falling briskly. Rains and cold
winds seem general nil over the state."
Waco, Tex., wires: "Weather mean, with
cold rain. General demand for lower grade*
Increasing."
The demand for spots continues unabated,
but buyers romphdit of the Inferior close of
offerings. Texas likewise reports an em»r-
motik ‘ demand *for' ‘cbttdn: Market 1 acts
strong, Influences for the present seeming
sufficient to maintain the advance.
The balance of the map. just published,
shows general rains over Texas and In fact
the entire belt It Is snowing at El Paao
and Amarillo, and all throughout tho north*
weat portion of the belt exceedingly cold
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-five
years* experience pf ed
iting markets In Atlanta
and the South bas made
him a recognized au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
i and all of the west-
Llverpool—f»1>ot cotton easier: middling
uplands 5.94. Bales 8.000. American 7.900;*
speculation and export 800; receipts 94,000,
American 31,400.
Atlanta—Quiet. lOftc.
New York-Quiet. 11.10.
New Orleans—fiteadr
delivered on contract 3
Boston—Qnlet. 11c.
Houston—Mteady. 10 7-16.
Raltlmore-^Norolnal, lie.
dalveston—Steady. 1%.
Wilmington—Firm, 10 3-16.
Memphis—Steady. lOfte.
Norfolk—Steady. 104c.
Savannah—Steady. 109-16.
Mobile-Firm, lOftc.
Augusta—Firm, ue. w
St. Louis—Steady, 1084c. i
TODAY’S PORT RECEIPT8.
The following table abows receipts at the
K rts today, compared with the same day
it year:
New Orleans. .
Galveston. . • .
Mobile
Ssyannab.., \ •
.charleston, . .
.Wilmington. . •
‘ *Norfolk. . .
Boston. ....
Pensacola. . . .
Port Townsend.
' Total. * . »
1S5
6673
11163
637
IS
INTERIOR RECEIPT8.
The following table .howl receipt, at the
(Interior town, today, compared with tho
an too day la«t year:
Iloaaton. .
Aoguata. .
Memphis .
1906
1802?
2M<
*17*
3502
<18
28847
BEARS AT LOW LEVEL
HAVE TURNED BULLS
The Time. Democrat, In lla iammary of
tbc altoatlon, enya:
“Laat week the talent, through practice!
emonatratlon, learned that.* monater re-
. iilreraent, rather than a Idg yield, wee den-
tinned, at leant for the preaent, to dictate
tha teodency of the King., and abort Hell
ing promptly loot all-the charm that bad
made the market one aided during no men
daya. The rarenona demand for apot col
ton dertree Ita Impetna primarily from
the ororanld condition of middlemen gen
erally, but there wonld, moat probably,
have been few eigne of panic among actual
cotton ahorta hnd had weather, railroad
congestion and other factor* not entered
the arena and ruddy dlalnrbed bearish
visions of superabundance. Known
appear to warrant the .belief that
chant., Ignoring the cipanalon nf the good
grade requirement* by reaeon of the
world's prosperity and the Inrrenso In the
number of spindles designed for that elaaa
of cotton, to aay nothing of the tendency
of lowland planters to plant varieties of
■horter staple ns frost beaters, have erred
seriously In their supply and demand cal
culations, nnd In conacoucnce many nf
them are now bnrd preaacd to fill their
contracts within their time limit*. Cunui-
latlre sentiment Invariably follows close on
the heel* of a riednlte market tendency,
and dally advances during the past week
have made bulla of many men who were
lienr* at tha lower lord, quite naturally,
therefore, eome crop estimates have been
reduced, not so much because the move
ment luiUfiei * change of view, hut we
cause the market has advanced and not
declined. There la aa yat no positive proof
that the yield will supply the requires '
at current prices, and no logic whatevei
arbitrarily committing one's self to the „
lief that not only will all mill need* lie
■applied, but an ample margin aa well
produced to All the big hole made In the
carry oror at the end of laat year. The
technical position of tho ataple l«
moment •(rung. and them la reaaou u> ue-
Mere that coming events will not weaken
It materially. However,, the advance has
Ita limitations. Once the Noremlier com
mitment* shall hare been tilled, the attaa-
tlon should ease - off somewhat, but De
cember requirements should renew the ten>
•Ion soon thereafter. •
“On the week. New Orleans gained 13-18
nf a cent on middling spots and 78 points
on tho January option.”
NEW YORK.
The following !> the range In cotton fu
tures In New York today:
i
=
s
|S
l
a
Nor
Dec. . .
Jan
Feb. . . .
March. . . .
April. . , .
May
June. . . .
July.. . . .
10.60
10.3.'
Kir
10.54
10.56
10.68
10. r/.
10.79
10.60
10.42
[Si
io.io
1QJ6
10.68
10.66
10.79
10^0
0.32
0.47
0.56
10.66
10.66
10.66
10.60
10.29
10.36
io.51
10.66
10.60
10.f>6
10.67
10.50-66
10.29-30
10.33-36
10.43-46
10.61-62
10.64-66
10.60*0
10.63-66
10.67-68
10.46- 49
10.26-28
10.20
10.36-38
10.41-43
10.46- 47
10.61-62
10.55-67
10.58-60
Closed r.rjr steady.
GIBERT & CLAY'S DAILY
COTTON LETTER.
New Orleans, Nov. 19.—The unex
pected decline that occurred abroad
conceded by cables to be due to heavy
selling for Egyptian Interests, waa
checked and an equally effective ad
vance occurred when the unfavorable
weather over the belt became generally
known. Option* dosed 8 to 6 point*
higher on near poaltlona and < to 7 up
on dlitant month*. Bale* were 8,000
bales 4 points lower. The Importance
of the weather aa an Influence waa
mode apparent In the nervouaneas that
ahorta exhibited on the opening. After
weighing carefully the cauaea leading
up to the preaent Increased value of
cotton It would appear that the new
levels attained were completely juatl-
fled, but at tha same time the advance
ha* discounted thoroughly a compara
tively email estimate of the total gin
ning* to date to be Issued by the gov
ernment next Wednesday. To those
who adhere to ultimately large sup
plies .the question often recurs whether
nr not preaent prices do not represent
a higher level than that of a tempo
rary but presalng demand for spot*
would ordinarily Justify, as there seems
to exist a tentative feeling that a
cessation of facta now sustaining the
market would probably Inspire fresh
enthusiasm on the part of those who
have all along maintained that ulti
mate results would but prove the cor
rectness of thetr earlier formulated
view*.
COTTON SEED OIL.
Following were the opening andscloslng
prices on cotton seed oil today:
Openlm
November 41 tit:
December 36:'
January 34'
February 34'.
March . 34V
May 34 V. -
Sales, 600 December at 38V Closed
THE LIVERPOOL GRAIN MARKET.
changed to 4. higher; closed unchanged to
14 lower.
Corn opened 54 lower; 1:30 p. m„ ancheng
cd to H lower; cloeed '■« lower.
GIBERT & CLAY
IS E ALABAMA ST.
New York Stock
Kew York Cettoa
N»x York Coff«
STOCK*. BONDS.
COTTON. CRAIN.
COFFEE. PROVISIONS.
MEMBERS:
Now Orleans Cotton Exchange.
ATLANTA CA
J N.w Orleans Stock SI-hiA \ '
New Olein* Board 0 f Trade. 1
TH WIRES TO ALL EXCHANGES,
loud and Long Distance Telephone 5298. C. E. KEPLINGER, Manager.
(•alveatoa Cotton Ei.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building.
ATLANTA.
Bell Phone, Main &>&
GEORGIA.
Amnlgnmnted Copper.
Atlantia Coast Line. .
American Sugar KsL .
An.ncondn • • •
American LoromotlTS.
<Io. preferred. •
Am. finitltiog Itef. * .
■ do. prefiTred- • • •
Atchison, . .
do. preferred. . • .
American Cot* on OIL .
Am. Car Foundry. • •
Baltimore it OW®. * •
Brooklyn Rapid T. # . -
Canadian Pacific. . • .
Chicago it North wo. .
Chexapeake & Ohio. .
Colorado Fnel Sc Iron.
Central Leather. . . .
do. preferred. . • .
Chicago Sc Great W. .
Chicago. M. A* flt. I*. .
Delaware Sc Hndaon. .
Distiller's Securities. .
Erie • *
do. preferred. • • •
General Electric* • J •
Illinois Central. • • • .
Am. Ice Securities. • .
Louisville it Nashville.
Mexican Central. • • •
Missouri Pacific* • • .
a 1 II
g
H
1i
ag | NAME OF STOCK.
T.
O
a
s
d
0
dolfcv II
O
National Lead
Northern Pacific. . • • .
New York Central. • * .
Norfolk & Western. .
Pennsylvania
People's Gas
Pressed Steel Car. . • ,
do. preferred. . • . .
Taclflc Mall
Rending
Republic Steel. . . . . .
Bock Island. . . • • • .
do. preferred
United Starrs Rubber* <
do. preferred. . * . ,
Southern Pacific
Southern Railway. . * ,
do. preferred. . . • ,
Sloxa-Shefflald
Teun. Coni St Iron. * . .
Texas A Pacific. . . . . .
Unlou Pacific ,
United State* Steel.'. ,
do. preferred. . . . ,
Va.-Cnr. Chemical. . . ,
do. preferred. . . . ,
Western Union. . • . * ,
Wabash • • • ,
do. preferred. . . * ,
Wisconsin Central. • * ,
do. preferred
LIVERPOOL.
Previous
m. Close. Clone.
* 9.77 . 6.73ft
range and close.’compared with yesterday's
close.
Futures barely steady.
November.. ..5.73 5*68
Nor.-Dec.. . .5.62)4*5.58
Dec.-Jan. .. .5.58^-6.63
J sn.-Feb. . .5.57 -6.52 ’
eb.-Mar. . .6.58 -5.55
March-April..5.69 -6.64ft
April-May. . .5.60ft*5.58
May-Jnne. . .6.u9ft-fi.6l
June-July. . .5.62ft-6.61ft
Jnly-August..5.64 -6.1
Closed steady.
6.63ft
* THE WEATHER.
LOCAL FORECA8T.
WEATHER CdNDITIONS.
The storm that was over the southwest
yesterday morning ha* decreased In In
tensity nnd In now central over southern
Texas. An extensive are* of high barome
ter, accompanied by low temperatures, cov
ers the western half of the map as far
south os the central portion of Texne. In
thla territory the temperature range* from
8 degree* below aoro to 24 degrees above at
Kl Paso, the loweat recorded being at
Havre, Uont. The Isotherm of 30 degrees
extends from eastern Mlcblgsn southwest to
Abilene, Tex. East and soatb of this line
the temperature range* from 40 degrees to
78 degrees, Texaa baa a range In tempera
ture of 1< degrees at Amarillo to 74 at Gal
veston. Unseasonably high temperature*
prevail over the eastern half of the cotton
licit. Cloudiness predominate* east of the
(lockles, with snow falling In Kansas, Ule-
•onrl and southwest Texaa, snd rain In
Arkansas. Tennessee and the upper Ohio
vnlley. Heavy rains have fallen In portions
of Mississippi, Tennessee and northern Ala
bama.
The condition* Indicate colder weather,
with prohnbly rain or snow, tonight. Tues
day Clearing and colder. ^ IJARBUIIY,
Section Director.
Minimum and Maximum Temperatures
and Rainfall.
Observations taken at 8 a. m. f 76th merl<
dlnn time.
Abilene. ....*•*
Amarillo. . *
AsheftUe
Atlanta. ..*..**
Birmingham
Illxmarck
Charleston. . * , * .
Charlotte
Chicago
Cincinnati
Kl Paao .
Fort Hinlth
Gnlvetton. . * , • .
Jacksonville.. . . . #
Jupiter * .
Key West
Knoxville * .
Macon. .......
Memphis. ......
Meridian
Mobile
faSBrrv:;:
New Orleans
New York
Norfolk
North Platte. . . .
fit. Louie. . . . •
fit. Panl
fiavaunab. ......
Tampa
Vicksburg. ......
Wimhtngton.. . . * .
Wilmington
•— Indicates amount too small to meaaure.
WEATHER IN NORTHWE3T.
Canadian Northwest—Clear, 10 below to 18
•hove.
Northwest—Clear, aero to 18 above.
Weat—Partly cloudy, 4 to 28 above.
Mouthwoat—Cloudy. 28 to 46 above.
Ohio Valley—Cloudy, with alight rain; 34
to 44 above.
’—r—
WEATHER FORECAST.
hie winds, becoming north to fresh.
Virginia—Rain and colder Monday; Tues
day fair, much colder, variable winds be
coming northwest and fresh.
North Carolina—Rain Monday, colder in
Interior: Tuesday fair, much colder; fresh
r-BBicni r lorian—r air Aivnnnj: turminj
rain, colder- lu uorth and central portions,
fresh southeast to south winds becoming va
riable.
Alaliama and Western Florida—Rain and
much colder Monday: Tuesday rain, fresh
to brisk northeast winds.
Louisiana—Rain and much colder Monday;
Tuesday probably fair. Fresh to brisk
north winds.
Mississippi—Rain and much colder Mon
day: Tuesday rain, fresh to brisk northeast
winds.
Eastern Texas—Rain and much colder
Monday: brisk to high north to northeast
winds: Tuesday probably fair.
Western Texas—finow Monday, except
rain and colder In southeast portion; Tues
day probably fair.
Arkansan—Colder Monday, with ratu
•now; Tuesday fair.
Tennessee—Rain or snow In west, ra
^ . Tuesday fair In west; snow
and colder In east portion.
Illinois—Snow tdd colder tonight; gener
ally fair Tneeday- . D
Indiana nnd Mlssourl-finow
night: generally fair Tuesday
and coUlcr to-
Tuesday.
Wisconsin sud Iowa—Gene rally fair to
night and tomorrow; colder tonight.
Minnesota. Dakotas and Nebraska-Fair
tonight and tomorrow; colder tonight.
Nebraska—Wanner tomorrow.
Kansas—Par**** —* J
tttk snow an
tod warmer.
OPENED STEADY
TO SHADE LOWER
Decline Was Recorded in the
First Fifteen Minutes
of Trading.
Chicago, Nov. 19.—Wheat do*ed
strong and 3-8©l-2c higher on buy
ing by big people In the northwest.
Com closed l>2@lc up to l>8c off. Oats
1-801-20 off. Provisions 21-2©20c
higher.
Cash .ole* of wheat 26,000 bushels;
com, 36,000 bushels; oats, 90,000 at
Chicago; 12 loads wheat, 8 loads com
and 60,000 bushels oats at the seaboard.
Primary wheat receipts 1,164,000
bushels and com 730,174 bushels, com
pared with 1,342,000 and 1,263,000 bush-
els, respectively, a year ago.
Clearances nt the day 163,000 bush
els wheat, 26,000 buahela com and 9,606
bushels oats.
CHICAGO GRAIN MARKET.
for today follow:
Sl
UATB—
87/:: Sg S&
Jan. ..14,40 14.60 14.90 14.60 14.32'
May ..14.47ft 14.80 14.47ft 14.70 14.62!
LARD—
Nov. .. 9.40 9.40 . 9.40 9.40 9.40
Dec. 8.62ft 8.75 9.60 8.67ft 8.65
■’“side's^* t St * U 8 M 8 fl *
Jan. .. 7.86 7.7754 7.8254 7.70 7.88
May .. 7.76 7.9254 7.76 7.82V6 8.7754
Cash ..
So. 3 do,
7394697354;
Wheat—No. ! red, 7494«7!
lo., 73674, nominal; No. 5 ;
154; No 3 do., 7294497454.
LIVE 8T0CK MARKET.
5«1<
ml* I.
K Ugbt kogi
8 T.9066.25; mixed $5.90^6.30; heavy $S.55f?
10; rough $5.66«5.80: pigs $8.20&6d0;
yorkera 96.20fZ6.25; good to choice heavy
Cattle—Estimated receipts 3,000. Market
steady; quality fair: beeves 93.85&7.3S: eowa
Il.304i4.ru; heifers 92-4064.90; calves 9597.75;
good prime steers 96.2097.95; poor to ine-
alnm 93.9095.15; Stockers sud feeders 92.609
4.60.
Shee^-Gatlmnted^ receipts a 35,000. Mar*
1.60;
limbs 84.60g7.l6; western
“SBoorU
NEW ORLEANS.
turos In New <
ily 10.84
Closed steady.
WEEK REVIEWED
IN NAVAL STORES
Savannah, Gk., Nov. 16.—The apirlta mar
ket for the week ending yeatenlay made
net gains of lft9"%c, though in yesterday's
late trading a part of this wan lost. At
Mhammering, leading export
ers standing from under the mnrket, which
has the effect of scaring tho smaller dealers
into a belief In lower values, and prices
droop as the result It Is the same old
game by which the mnrket Is rigged when
ever those in control find It profitable. Re
ceipts continue to be lighter than for Inst
year, for the week ending yesterday being
3.845 casks, against 6.221 for last year. At
this time last year the big break In the
market occurred, due to troubles at Jack
sonville, so that a comparison of prices Is
unfair.
The rosin market closed the week ending
Friday with gains of 40e Iot water white
and 2dc for window glass. II, M and K. but
losses of 6915c for I nnd below. Water
white haa bee* selling at 96.90 nnd V, the
high point for w the season. The feeling Is
strong among the trade that prices should
go higher, but the coarse of values Is left
only In small measure to natural causes.
The receipts for the week ending yesterday
were 16,K2 barrels and for last year 18,112
barrels. The receipts for the season are
still math behind last year. Prospects
for the new crop are not encouraging, anil
If the demand keeps np a shortage of snp-
piles would seem Inevitable for next year.
NORTHWEST CARS.
NOTES OX GRAIN.
Pointers on Provisions.
cars of today, last week and Inst year:
Last I*nst
Todny. Week. Year.
Minneapolis 664
Duluth 916
THE 8UQAR MARKET.
don beet tnarkut steady.
SOUTHERN EXCHANGE
Oldest Established Office South.
COnON STOCKS—BONDS GRAIN
Ormuid Fleet Geuld Building. Dally
market letter and market manual
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent's Capital $250,000
REFERENCE. THE NEAL BANK
PHONE 1417. PRUDENTIAL BLDC
THE AMERICAN AUDIT COMPANY
, Homo Office, 100 Broadway, New York City.
F. W. LAFERENTZ, C. P. A„ President. ,
C. E. Manwarlng, Vice Preildent, Theo. Cocheu, Jr., C. P. A.* 8ee. and Treas.
BRANCHES:
NEW YORK—Waldorf Aitoria. ATLANTA—Fourth Natl Bank Bldg.
BOSTON—Exchange Building. CHICAGO—Marquette Building.
WASHINGTON—Colorado Building. PHILADELPHIA—Bellevue-Startford.
NEW ORLEANS—Hennen Building. SAN FRANCISCO—Belden Building
LONDON, ENGLAND—4 King Street, Cheapatde.
ATLANTA BRANCH 1015-18 Fourth National Bank Building.
Telephone, Main 872.
0. B. BIDWELL. Resident Manager.
Cable Address. Admit, N. Y.
Private Wire to Oltn-rt &• Clay.
Chicago, Nov, 19.—Believe It Is wise to
chan go over long wheat at the present dlf-
Prwrtslonx opened steady; trade fair, and
shorts covering.
Chicago Ilerord-IIerald: One of the ele
vators coocers controlling over 2.0tf).<W0
Uufthelt of wheal tme will make delivery
of It In December. The popular linprewhm
yesterday was that the bulk of the wheat
hero would be delivered out by the ele
vator concerns I)eeemlK*r 1. and the Indi
vidual owner he given the task of financing,
insuring and carrying It on 111* own account.
The question both of money and. Insurance
for carrying the wheat, while a compara
tively simple matter to the elevator P<m>-
ple. would be somewhat out of the orili
nary for the smaller individual owner thla
year both on account of high money and
complicated Insurance feature*.
I*nko curriers ore feeling the effect of the
grain trade paralysis that has l>een precipi
tated by the Erie blockade at Buffalo. Lo
cal shippers, desparlug of being able to
E grain through wltnln reasonable time
Its by the lake and rail route, have en-
dy abandoned the attempt, and are
Ing to put their business through nil
This has thrown many of the lake grain
carriers on the market.' % --4;barterings of
over 500,000 bushels have been made for
wheat at Duluth within, the Inst forty-
eight hour* nt n rate of 2c per bushel to
Buffalo, which is ftc lower than the prer
lout rate.
"Eastern mills have pretty generally sup
plied themselves with their winter needs of
spring wheat,” said George D. Urban, the
well known miller of Buffalo, who wns
here yesterday. "The winter wheat Is
coming nil the time In a moderate way from
the Interior, nnd I think the receipts will
be still better after the farmer* have fin
ished their fall work. Flour sacks through
out the East appear to be moderate,
of our orders for flour ire peremptory ...
to delivery, the buyer appearing to need
the flour right away."
I. Valentine waa generally credited
Friday with having made a very respect
able "clean up" on the bull side of the
wheat mnrket. Having recently failed to
secure any profits out of former ventures,
tnnde In the open, he has quietly put In
operation some of the other speculative
tactics In which he has proved himself a
master In his many year* of experience In
grain trading. Some of his friend* *ny that
the campaign concluded yesterday made up
for a large portion of the losses ou n re
cent foriuer campaign.
Exports of flour nnd of wheat ns flour
from the United Rtntes nloho for the four
months ending with October, as officially
reporter* show nn nggregnte equal to r
600,000 bushels, as compared with 25,040,1..
bushelf the corresponding period of Inst
year. Detailed exports for October, with
comparisons, were:
October. October,
w a V 1906. 1806.
Wheat, bu 10,834,000 4,467.000
Wheat and flour, bu... 17,249,000 11,011,000
Corn, bu 6,017,000 4,011.000
Oats, bu. 966.000 6.388,000
Barley, bu 1,698,000 82,506,000
Rye, bu. 30.000 119,000
THE COFFEE MARKET.
New York, Nov. 19.—-The market
opened steady at unchanged prices to
an advance of 10 points on steady ca
bles. Primary markets were steady,
Rio being another 26 rels higher and
Santos unchanged in spite of an ad
vance of l-82d In the rate of Brazilian
exchange and the movement was about
the same as recently reported. The two
ports on Saturday had 86,000 bags,
against 50,000 last year and the Jun-
dlahy had 52,000 bags, against 24,000
bays last year. San Paulo receipts for
the day were 70,805 bag*, ag&lnat 34,-
251 last year. Receipts at Rio and San
tos for the past week were 485,000 bags,
against 550,000 bags the previous week
and 276,000 bags for the same week
lost year. So far for the season re
ceipts at the two ports have been 9,-
173,0000 bags, against 6,502,000 bags
for the same time last year.—Glbert &
Clay.
Opening
_ Range. Close.
January 8.15-6.20 6.20-6.25
February 6.25-6.3) 6.30-6.36
March 6.40 6.40-6.45
April 6.45-6.60 6.60-6.55
May. . 6.56 6.60-6.65
June 6.85-6.70 6.65-6.70
•Inly 6.70 6.75-6.80
August 6.75-6.86 6.80-6.&
Heptember 6.85-6.90 6.90-6.95
October. 6.90-7.00 6.96-7.00
November 6.00-.6.10 6.05-6.10
December 6.0G-6.1Q 6.10-6.15
Cloeed steady.-
WEEK IN STOCKS
Buying in St. Paul W as
Heavy and Aggressive in
Early Trading.
ADVANCED SHARPLY
Room Without Gossip us to
Reason for Persistent Ac
cumulation of Stock.
New York, Nov. 19,-Both ah rna *
nnd at -home the note of ont|m|~
which characterized last week's ,’J™
was more conspicuous than ever
today's security dealings. In I; ur0 i2
as well as hi New York, the m;irk«
was making further response to th.
Improvement In the money situation
as certified to both In last week's t, a nk
returns and In our own bank state,„ e „,
of Saturday. The easier tendency „f
money rates was today tverywtwn
quite pronounced, and It extended a ,
much to tho time loan division .,r
money mnrket as It did to stock Px .'
change loan departments. American
stocks were all higher in London th.
advances before the local opening ex.
tending to as much as a point and
a half. This was followed by a vet,
active nnd rising market, which con.
ttnued without any let-up through the
forenoon. In only a few directions did
profit-taking have any effect. In over
three-quarters of the list the force of
buying preponderated, and there
seemed every Indication that not only
did this buying proceed from the larger
financial Interests who started the
movement last week, but It Involved
also some element of outside specula
tion.
The stock market continued to show
surprising strength In a number of th»
most Important Issues. St. Paul u*
heavy and aggressive buying moved un
from 182 1-4 to 186 1-2. This was u
sharp contrast to the apparent weak
ness In St. Paul on last Monday.
Hooley, Larnared & Co. have been
heavy buyers of this stock. The ,
was wlthqut even gossip as to
reason for the persistent accumulation
of the stock, but outside of the ex
change storlee continued current that
the propriety haa passed under Harr!-
man control. The current belief Is that
the control will be lodged with the li-
llnols Central a* a holding company,
but Interests with Vanderbilt connec
tions have Information that there
be an Interchange of Southern Pacltk
and St. Paul stocks. London bought
about 75,000 shares In the market.
Government bonds unchanged. Other
bonds steady.
8EABOAdD AIR LINE.
Following wore the closing quotations o!
Seaboard Air Line stocks and bonds:
Bid. ArtM.
Seaboard Air Line, common 24 24ft
do. first preferred 80
do., second preferred 50
do., ten-year 6’* 100ft in
dr . three-year 6'a 99« 4
do., 4'* v ■. fJ „.. y,.•«■»- 82 E4
MINING STOCKS.
Ronton, Nov. 19.—Utah 64: Shannon 16 s ;;
North Butte 111ft; Copper Range S3: Mlrh-
Igitn 19ft; Qulnry 100; North Butte no#
112ft.
CHICAGO CAR LOTS.
Below Is given receipts today and eatl-
muted receipts for tomorrow:
Todny. Tonwr.
Wheat 50 M
Corn 292 21 •
oat* 241
Frank Hawkins. President.
> i. M. Atkinson. V. P. Tnomas C.
oicph A. McCord, CasMer. H. W. i9ye
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dnrgan.
John W. Grant
“ Y. McCord.
■ • ■ ■ $200,000.00.
. . . . $300,000.00.
DIRECTORS) j
mi 'insist.
Joseph A. McCord.
H. Nunnnlly.
Carroll Payn*
n. B. Rosser.
David Woodward.
WM. L. PEEL, President.
ROBERT P. MADDOX. Vice President
JAS. P. WINDSOR. Assistant Cashier.
MADDOX-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
annually in our Savings Department.
| CENTRAL BANK AND TRUST CORPORATION.
Individuals, firms or rrrporatlnn. contemplating opening a bank acroont, or
chancing their present one. are invited to rail or Write us. nnd we will be pleased
to extend them every courtesy and consideration consistent with sound banking.
3ft Per Cent Compound Interest Paid lu Our SAVINGS- DEPARTMENT.
Capital $500,000.00.
■ ' 'V OFFICERS: — -
' .* A*a G. Candler, President.
Win. H. PatUr.on, Vie* President. A. P. Coles, Caehier.
John 8. Owens, Vie* President. Wm. D. Owen*, Asst. Cashier.
— TRUSTEES: —,
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.
I. Y. Saga,
John N. Goddard*
Sam D. Jonas*
'F. B. Oancy,
Norman C. Millar*
George E. King*
Isaac H. Hirsch,
William M. 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
For rent in our vaults in the basement of the
Empire [Building for only $5.00 each per
annum.
Absolute Security and all Modem Conveniences
You should not be without one. We invite
you lo call and inspect them.
Title Guarantee and Trust Co.
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