The Atlanta Georgian. (Atlanta, GA.) 1906-1907, November 20, 1906, Image 8
• •••*-’— ■—
THE ATLANTA GEORGIAN,
- - w ■ ' ' ' ' •
TUESDAY. NOVBMBEK -1>, 1*J6.
Influenced by Lower Cables
and Heavy Movement
to the Ports. •
SPOT HOLDS STEADY
Private Wire to Glbert & Clay.
Sew York, Nov. 29.—Liverpool 1% lower.
Was expected about unchanged. Ou this
basis, we uliouId open 2©4 lower.
Liverpool cables; “Scarcity of good
working grades of cotton sustains prices for
middling and grades above/’
Liverpool selling
Purnle
TIPS FLASHED
From Wall Street.
l'riv
limin*
and Norden, Ilents and
Liverpool sell
Vilson
■ ,j
ilretln,, 27;’ Waco, 51. cloudyxml threntcu-
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
brnlt? Wilson k Co. buying.
New \*ork v Nov. 20.-IMrii clotidy; tem-
perntnre 34; .wind northwest; Fprt^ JWortll
Good Grades Very Scarce
and Command High
Premium.
New York, Nov. 20.—In the face of un
favorable weather rondltlons in the South,
tlio nudertouo of tlie local cotton market
nt the outset tlslw morning was easier.
Through the efforts of certain leading
lioueet, which were supposed to he short,
to hammer the list In anticipation of the
census bureau’s ginning report due tomor-
The glnnrrV report to be Issued tomor
row at 1 o’clock was apparently the fac
tor In the trading In the futures market
this morning in New York. Prom the ac
tion of tbe market bearish figures are ex
acted by the trade aud prices worked
lower.
The Liverpool market opened ltf2 points
lower, and increased the loss some 20$
irfdnt* by 2 p. ui., but for the balance of
the session n steadier feeling prevailed,
closing tin- market qnlet W* points lielow
yesterday’s close.
Following la the range In the active
mouths In Llverjmol today:
Open. High. I.OW,
November..,. 5.78 6.78 6.71
January-Pebruary.t .. ..5.64 D.fiS 6.57
March-Aprll.... 5.66% 6.6* 6.60
May-Juno &.iQ e.72 6.64
For the tlrat time In several days, the
demand nnd takings of Manchester spin
ners In Liverpool snowed a decided fulling
off, sales In thnt center aggregating 6.000
liiilea at « points better prices; making
middling 6d.
The New York market opened steady nnd
unchanged t« 6 points lower, November be
ing unrTinngcd; but as the session advanced,
the trend was steadily downward, and
while there was some good buying on the
wsy down, a <llii>o»ltlon was apparent to
discount tlft* glliners’ report. The henry
movement was also a bearish inf
,n 4i» Jnurnnl of Commerce: “Several of
the large factor. In tile tr.de it.ted during
the day tint price, were ahowtng * hard
ening tendency In nearly nil line, of,,ray
good*. The mill. «re m-clmf uutookAt for
order, for detlverte* forward from i.lifnary
on brown cotton., and agent, were’reflect,
lug complaint, that are general concerning
the delay, rin getting .tillable gratle, of
cotton for quick o*e. It I. hoped lu the
trade that there complaint, will grow I era
after January." _ .. ’ .
New Orleans. Not. ».T-I.lverpoo! 2C5V4
down I. dliappolntlng. W« da* unchanged,
to 1 np on our market. ,
Liverpool cablet: "Market act. hMivy;
poor demand.”
A .pedal to The Time* Democrat from
ilexaudria. I*.. reya: "Planter, report
•hat the wind and rain of the> part three
day. ha. beaten the cotton out of the lioll.
anil damaged It conalderubly. One promi
nent planter estimate, the dabt.ge ls to IS
per cent.” . . ..
Market acU steady, but the to
busItH'SN Is on a much smaller sck..^.
It now In*gin. to look a. though eentlmenf
was becoming Ices favorable to the mar
ket x prcent courae, ' ....
Price - , climate of cotton ginned m far
this ecu Kin I. 8,312,000, agalnat 7,488,000 last
r Th'c map I, generally unfavorable, .bow
ing ruin, alt over the belt, with egceed-
Ingly heavy precipitation at Memphis—
namely, sa/jnebe* Much edder weather
prevail* In Teas, klllliqf frost-being re-
tMirtcfl for San Antonio. .. . ,
The eastern forecast Indicate, rain to
night and tomorrow for .11 Motions, with
comer weather.
THE WEATHER.
• LOCAITfO RECAST.
For Atlanta nnd VIcInlty-Raln tonight
nnd Wertncaday; colder Wedneadky,.
WEATHER CONDITIONS,
The MUthwrstorn storm .re. bn. moved
very llttlfc during the bud'24 hour., but bn,
ilecrUMd In energy. .The trough of lowest
’ pressure extend* from Vicksburg south
...A to Galveston. , There ha. been a very
marked decrease In pressure In the upper
Mississippi valley and the northwest, while
In the south the barometer bn, rlren. The
■rature continue, low over tbe western
.if the map, living freeilng and below
ns far south as central Tesgs.. At mini
station. In tbe south slight fsll. In temper
ature have occurred. The weather continues
cloudy over most of the country and precip
itation bos occurred from Texas noribesst-
NAME OP STOCK.
wsril to and Ineluilliig the Grrat lathe*. The
'wIsu'Smi loa the*vea’^bSor^sud l»"vlest falls occurred at Memphis (3.621
,01 ” 5 ” * Mr “fore end |mrt f-| nr |unntl <1.241. Elsewhere thesmouuts
103.301 In 1803. _ . a—nil
A pMiuliient New York operator persist
eutly hammered tbe market during the
morning, and, ns a reault, prices were
formal 14018 points lower on tho active
positions.
Messrs. Cay A Psrrott received the fol
lowing prlvute wire from promlucnt brok
ers In New York this morning;
"Detailed result of out - Investigation
startling. Absolutely confirms onr estimate
III ll.2fi.opi. Expect netlve hull nuirket.
With erop not oyer 11000,000, we expect 13
016c. Look for moderate revision, quot
ing low grades down snd high grades np.
Unless mdlcsl. this Is discounted here."
The New York Cointnerclsl says, lu ref
erence tn the glnners' report to be Isebcd
tomorrow: . . .
•The lest ginning report showed stmut
M6.000 bales n day ginned. The reisirt,
which will bo made public Wednesday,
rovers the first two weeks of this month —
s period of perfect westher In the Mouth.
If there Is n very large crop there Is no
reason why Ihe smount ginned during the
first two weeks of Novcinlier should lie
nay less than was ginned during the last
two weeks of October. If there should be
any falling olf. It will be a revere blow
to big crop Ideas.”
The New York Herald, In Its review of
Ike market last week, says; -
"While speculators say that neither a
scarcity of the high grade cotton nor tho
revision of grades should necessarily hare
a bullish effect on rallies, the fact remain,
that these were bullish feature. In tho
market nnd played an Important part with
the .ham upward inurement. Mplnnera are
sold well ahead, uud repre of the New
England mill, are said to lie hampered by
tbelr Inability to nlitalu yarna for nearby
delivery. The Liverpool m.rhet has also
shown a decided firmness In tbe spot sit
uation there, sale, of spot cotton tielng
large on most every day of the week, with
reports of an active demand from spinner,.
The spot situation, both nt home snd
sbroail. Is strung, ami some operators be
lieve thnt the mnrket ha* worked Itrelf
Into n natural corner. In the Mouth ship
pers who lisve made contract, for No-
venitier a ml December delivery are finding
It dlfflrnlt -to get the cotton, and It la
feared I hot s«*ne shippers will not lie able
to flit their commitments. The movement
hns fallen off somewhat, nlthungh keening
well tip with the lilg crop yeur, but It 1s
clntiiico thnt the cotton hns iilready been
sold mid Is moving to tho ports aud dis
tributing points for shipment."
Comparative receipts at nil United Slate,
Set "receipts today 103.463
Some iluy last-year 101.6*
Increase 2.107
Total receipts for three days 224,611
Same days Inst year 213,sg
Inercsse 12,844
Bra since September 1 3,
ti'ame time I
Increase
Estimated tomorrow:
New Orleans.... .20,000 to 3,000 13,21
Galveston 18,000 to 23.000 21*
Houston aooow^ooo 14,5
.Movement nt Atlanta:
Receipt* todajr ?,2i8,
Same day last year Ijgri
Increase w
Shipments today
The conditions favor unsettled weather
with rain in this aectlou tonight nnd tomor
row; colder tomorrow.
Fame dnjr hint year
Deeres*** -
Stock on I»au«I today...
Same day last year
.......14.416
I acre*m* . f r, 2.244
Tbe cettfus rn»rt will Im» tunned at 2
1*. m.. November 21, nnd will show cotton
ginned to November It. The couaenau* of
opinion |« that th“ report will be lu the
tiv’isl.bvrhood -of* s.660.000.
The highest nf.fi ‘lowest prices of the nca-
slrtt were posted'during the morning. Just
before the c!om*. Nntdcii huylng enuaed a
lltth* spin t of uctlvlty, hot tho effect ou
C!
:n» er tv.o of the
yesterday’* clone.
COTTON SEED OIL.
prices on cotton seed oil today
0 pent.i
and J00 May at
Minimum and Maximum Tamparaturaa
and Rainfall.
Observations taken at 8 a. m., 75th meri
dian time.
Abilene
A*hevllle
Atlantis.
Augusta
Itlnulnghnm. . .
Illsntarck. . . .
Ronton
Ituffalo
t'hnrlcNtnn. . . *
t'hnrlotte. . . . ,
Chicago. . . . , .
Rnveiijiort. . . ,
FI Paso. . . . .
Fort Huilth. . .
(Jn I vintou
Havre
Huron . ,
Jacksonville. . .
Jupiter. ....
Kansas City. . .
Key West. . . .
Knoxville
!*it Angeles. . . ,
Mncoii
Memphis
Meridian
Miles City. . . .
Mobile
Montgomery. . ,
Nashville
New Orleans. . .
New York. , . .
Norfolk *
North Platte...
OnutliN
Pnleatlne. . . .
Plttahnrg
Portland. Me. . .
Portland, Ore. . ,
St. I.nlll*. . . .
Ht. Paul
Mnvniinah. . . .
Han Francisco. . ,
*lpokane. ....
I'sm pa
Taylor
Min.
•— Indicates smount too small to measure.
SPOT COTTON MARKET.
Liverpool, spot cotton quiet; middling up*
.ands C.00d; miles 6.000: American 6,200;
speculation nnd export 60>); r • •■•Ipta 28,000;
3eW YiirkT'quIet at lib; del.. . • ml on con-
Memphl*. steady ut 106*c. |
Wlliulugton. firm nt 10 91&*.
Raltlinorc. nominal at lip.
Norfolk, steady nt 10%c.
Savannah, fcsay at 10 916c.
Mobile, quiet nt lOUc.
tlnlveston, steady at 109-16r.
Philadelphia, steady at 11.26c.
Auguatn, steady at 1013-!Uc.
TO PAY*8 PO RT ~R EC El PT8.
The following table "hows receipts nt the
Anultimitsl Copper.
At In nth* Coast Line. .
AmericavBugsr Utf. .
Anacnnd.i
Americas Locomotlvs.
do. preferred. . • .
Am. 8mtlti.Bg Uef. . .
do. preferred*-•
Atchison... 4
da preferred. . . .
Amedcau Cot* on Oil. w
Am. Car Foundry. . .
Baltimore A Ohio. . .
ft iron.
Central Leather. • • .
dd. preferreil. . . •
Chicago Sc Great W. .
Chicago, M. & 8t. P. t
Delaware k Hudson. .
Distiller's Hecurlties. .
Erie
do. - preferred* * * •
General Electric. . • •
Illinois Central. . . . .*
Am. Ice Securities. . .
Ixmiavlllo Sc NashrlUt.
Mexican Central. . . •
Missouri Pacific. . • .
name of stock.
N. Y„ Onf. & Western
National Lead
Northern Pacific. . . .
New York Central. . ,
Norfolk .'c Western. .
Pennsylvania
People's Gas. . . . , .
Pres,2*»-J .Steel «’ur. . .
do. preferred. . . .
Pacific Mail. ..•••#
Reading. .
Republic Steel.
United State* Rubber.
do. preferred. . . .
Southern Pacific. . . .
Southern Hail way. . .
do. preferred. . . .
Slosa-Sheffleld. . . . .
Teno. Coal Ac Iron. . .
Texas A Pacific
Union Pacific
Va.-Car. Chemical.
do. preferred. .
Western Union. . .
Walmsli. ......
do. preferred. .
Wisconsin Central,
do. preferred. .
te Wire to (
• York, Nov.
“Either In
itlo. tbe aha
day afternor
of financial Interests acting
of over-speculation nnd a
hsnroineut lu values. If w
this view of It. It argues
nuirket on ouy further dec
haps, one favored by uitire f
laities on protesslouah
general public Interest In sf
rblrb hns been n couku
of the market reecntly.“
k In the market
laid at the door
ng In restriction
n too rapid en
ure are to take
os for a steady
nry:
Total stock sales today M6.00Q J *hare*.
NEW YORK.
The following la the range In cotton fu
tures In New York today:
Nor. . . , .
Dec. ....
Jan
Feh
March. . . .
April. , . .
May..
June. ^ . .
Jtijr.. . . .
i I s is I
n.3I b».M
I.... KkzaHMBI
10.44 10.45 10.29 10.34 10.34-36
uM
10.29-80
10.36-36
II*:, l 10.:/. 10.?.-! 10.31 10.30-35
10.27il0.27ll0.09 10.11 la 10-11
fig r - 10.12 10.1TJ0.16-17
lO.n 10.24-26 10.43-45
34110.34-36 10.61-52
10.39-41 10.54-66
10.88(10.44 10.43-44 10.69-fin
,.,.rey 10.54 10.64:10. G4910.63 *r,
10.60 10.46 10.6140-51-53 lO.C-Ct
t'loned barely steady.
- r:—
ATLANTA MARKETS.
FRUITS AND PRODUCE.
ROOK—Candled, active, 26e.
LIVE POULTRY—Hens, „active, 3714c
each; chickens, plentiful, 16ft27V4c each;
ducks. Pekin, 25c esch; puddle, 26®90e
(t^|S “ * — —
esch; geese., full f^tl
keys. dull. 14c nnund.
Drebhed poulti
KIU, MU r«LU, |,umuic. «V*WV
.. fall frelharad. 86c cScb; tap
TltY-Gscre. nmlrawn,
| fid; tork.jA umlrnwn,
svllvr, 16017c pound: bra., undrawn, se
ll.., HIM Iionnil; dn.ki, undrawD, fane/,
16. pound: frlre, nctlvs. ltc pound.
PRODUCE—Lard, 10c lb.; barn, active, 14c
lb., abonldcra active, 10c lb.: aide, active,
tlve, 164B3MC pound;
neeswaa, ncuve., .tic pound: Donej. bright,
active, 8c pound; honey In 1-pound blockr.
active, 12c pound; chextnuta active. KOfi
bushel; dried apples, «c pouhd; white pea.
netlve, 12.60 bushel; Indy pcae. 13.00; stock,
11.26.
GAME—Quail, active, 16c each; dovea, ac
tive 6c each; ducks, msllard. active, 46c;
ench; ducks mixed, active, 20023. cch;
wild turkeve. active. 16c pound; nhblte, ec
tlve, 10c pnch; squirrels, netlve, 10c earb:
opoasum. dressed, active, 12Sjc pound; opoa-
sum. live, active, 8c pound..
FRUITH—Lemone, fanny Jlessena, 16.000
6.60. Ilananaa, per bnneh. culla, active,
11.0001.26: rtralghla, 11.600300. Pineapples,
Florida alack, per crate, $2-6003.00. Ornugee,
Florida stock, owing to sire and condition
on nrrlral, per box. *1.600325. Annin,
choice Hen Davla. U26A360; fancy. 1376©
300. New York state appln, winter verie-
tlce. choice per berrel, ,J30Mi3.&J; fancy,
I37WHOO. Grapes, N.w York.state. In HK
baskets. Cnnconls, 9)022He; Niagaras, 22li©
26c: Cetawbas. 20023*. Cranberrln.fancy
dark Cape ( - ™is. per barrel. 310.00011.00;
Jerseys, ».00010.00. Grape fruit. Florida
stock, owing to sire and color, per box, »-\60
0300. Limes, Florida (lock, per hundred.
40c. Nuts, fancy mixed, In boxes, per
pound. 12V40I4C. The aew-crqp nuts In hulk
not yet In Tbe market for this reason. Will
quote later. Cocoannts, heavy rnltsns, per
seek of 100, active at 64.0004.10. Pen nil te In
sacka averaging 100 pounds each, owing to
grade, per pound, 4WB*e> Limes. 40c par
VEGETAHLEM-Beeta, cabbage era In,
active. 13.60 crate; cabbage, standard crates,
lire pound; cabbage, carrels, lire pound;
egg plant active. 11.60 crate; cncum
onions, dry, active. Tic bushel;
toer
oral
caillinuwrr. acuvr, o%yivc |>uiiiiu. luuuur,
hpaUM. UM drum; aweet potatowi. yellow,
•lull. 60e liuahel; aweet jmtatoea, whlta,
dull. 40o huaheL kraut, half-barrel, 83.76;
rutabaga turnips, l*4c.
FLOUR, GRAIN “AND PROVISIONS.
FLOUR—Highest patent, 85.60; beat pat
ent 84.10; standard patent. 84.26: half pat
ent. C.90; aprlug wheat patent. 86.
CORN—Choice red cob, 68e; No. 2 white,
80c; No. 2 yellow, 68c; mixed, 87c; old crop
Pholce, ©c; old crop No. 2, 68c; old crop
mixed. 67c; new Tennessee whltis 66c.
OATS—Choice white clipped, 69c; No. 1
w hi tat 49c; No. 2 mixed, 48c; Texas rust
proof; 63c.
unoriB, wnue, ei.ou; meamm, ei.w; oron
81.35: pure bran, 8Lft; mixed brand, 81.16.
IIAiV-TImothy. .choice largo bales, 81.25;
do., choice small iMles. 81.20; do., No. I
clover mixed, 81.104 do.. No. 2 clover mixed,
“1.15. Choice crniudn, 88c.
*RYP—Georgia; 81.06; Tennewee, 99c. Bar-
ty. ibi* < *
* The iu-w* prices are f. o. b. Atlanta.
‘ rROVIHIONR—Supreme hams, 16c. Dors
hauis, 16»- California bums, 89.00. Dry salt
extra ribs 9; bellies, 20.5 ikuiimIs, 10; fat
barks 8: plates 8; Supremo lard, 10.50;
Drl't i Mfl
LIVERPOOL.
The following table gives the opening
range nnd close, compared with yesterday’s
close Futures opened quiet and steady.
Opening > Previous
Range. 2 n. m. Close. Close.
November. . .5.78 -5.75, 6.73 6.74 5.77
Nov.-Dee. .5.66 -5.65*4 5.6iH4 5.«H4 6.6514
I)e<*.-Jan., ..5.64*4 r».*/)*4 5.68% 6.59 5.62%
Jan.-Feb. .. .6.64 -5.C0 5.58 5,58% 6.62
Feb.-March. .6.66 -5.62% 6.60% 6.(1) 6.63*
Marcb-Aprl. .S.OJff.O 5.61 6.62 5164'
6.‘«6 ».«
.... 6.68 6.7ff
6.69% 5.69% 5.72
.5.70 -6.67
June July... .5.72 -6.69
Jalv-Angust. .5.73%-5.7l
Closed .quiet i
NEW ORLEANS.
The fallowing Is tbs range fa cotton fa-
turra In New Orleans today:
a
SL
o
High |
a
2
si
1'
it
*-v
Nor. . . . .
Dec
Jan
Fell
March. . . .
April. . . .
May-. . . .
Juno. . . .
Jnly
Rfil 10.4*» 10.46 10.46
lo. 11'Ml 41 10.25 10.31
P.45 10.45 1 >.2V P.23
1" 37 1" \: 1" 1". L
10.59 10.59; 10/42|l0.47
n».f$.» pi 5u i R5o
1-. i .I
10.61(10.61(10. <>1110.61
10.65W.65 10.65110.66
10.40
I -
I- .u
I'M '-42
10.46-47
10.53-55
10.69- 60
10.64-66
10.69- 71
laec
10.46-47
i"
10.57-59
10.64-65
10.71-73
10.75-76
10.il-S3
10.85^7
Closed steady.
DOMESTIC NEWS
LARGELY BULLISH
Coused Firm Market for Wheat
parly—Northwestern Re
ceipts Falling Off. '
Chicago, Nov. 10.—Trade In wheat
was rather quiet, although the feeling
was nervous and price changes nar
row. The. talent favored the bull aide.
Closing prices showed wheat l-8c oft
fo 1-Sp up; corn l-8c off to l-80)l-2c
up; oat. l-8ff ltc lower, and provisions
some better.
Cash grain transactions were small,
and Included three load, wheat, three
loads corn and 100,000 bushels oats at
the seaboard. Chicago reported 22,000
bushels- wheat, 35,000 bushels corn and
300.000 bushels oats.
The world's Ikvallable supply nt wheat
decreased <60,000 bushels for tho week,
compared with Increase of 4,064,000 and
3,371,000' bushels, respectively, a year
ago.
Corn decreased 891,000 bushels and
oats Increased 814,000 bnshels.
Primary receipts of wheat 1,069,000
bushels and corn 602,000 bushels, com
pared with 1,665,000 and 008,000 bush
els, respectively, a year ago.
Clearances for the day were 497,000
bushels wheat, 26,000 buahela corn and
no oats.
NOTES ON GRAIN.
Pointers on Provisions. 1
Private Wire to Glbort A Clay.
Clilrngo, Nov. 20.—We feel bulllih , on
wheat, based an the amnxlng strength of
the ^Minneapolis market, both for cash
ami futures. Milling demand also numb
improved. Primary receipts way under last
year. .
May corn Is being bought for Investment
on all soft spots. Heavy movement may
cause decline In cash and nearby deliv
eries, but not likely to depress May. except
temporarily, though to no appreciable ex
tent.
The milling demand for wheat is excel
lent, and all signa point higher.*
Corn Is a purchase on every slight set
back.
.Chicago, Nov. 20.—Htlll friendly to wheat
nnd coru. Believe wheat will show 'more
strength for tbe present than corn.
There seems to !>c gdud demand for oats
and receipt! likely to be light, beenuse
movement will favor corn.
The movement of corn will probably de-
r ircs* utarhy positions, bnt do not believe
t will hnrt May corn. Thnt looks cheap
enough, nod has plenty of friends. Would
bny it for investment on all dips.
Provisions offerings not heavy, and mar-
London irregular
Baltimore and Ohio directors re-elected.
Great Northern tnelou rutting lu connec
tion with ore lands expected early In De-
cember. •
Rnssian finance minister makes favorable
statement denying nuy ueed for borrowing
at present. *
Output of ropper next year likely to be
from S to 10 per cent greater than this.
New York Central surplus overcharges for
three mouths Increase 8231,013.
No conDruiatlon of rumors of Federal In
vpstigatloii of American Smelting.
Rhode Ishind official says car shortage
the only serious disturbing factor.
Bank of England contlunes to gain gold
heavily, nnd at present rate will be easily
able to meet December requirements.
No net loss of cash to Interior expected
during rest of the year by banks here.
Twenty-one roads for second week In No.
veraber show average gross Increase of 12.17
per reut.
Thomas F. Rynn retired from large num
ber of directorates.
Twelve Industrials decilued .28 per cent.
Twenty active railroads advanced .31 per
for turns when sort.
Buying of 8t. Paul on these reactions will
give fair returns, as on Important develop
rnent is approaching. '
The trend of Erie is more atrongly up
ward. oml Morgan buying is reported.
We believe'* -Louisville and Nashville
should be bought-on this reeession.
United States’Steel should cross 30 In a
few days.
Union Pacific tnoy now be bought for on
other trim, but prefer purchases when soft.
Copper is J to‘ be * * “ L
derstQiut
Is to
worked higher, we
Bull tips circulate on Anaconda.
Muitnr-cunjje raised further now without
* U We f
batter.
.Southern railway should be bought on re
cessions.
The Mse In Knty Ic
but we-.would prefer It
-The 1 Oates crowd Is bullish on Republic
Steel ami Car Foundry.
' On , npy further reaction. Smelting may
be bought for n turn, regardless <(T the
news. Atchison may be taken when soft,
bdt not when strong.
Uaundlnn Pacific may he bought for turns
on recessions.
.Pennsylvania should be bought on reac
tions only for the present. The same may
lie said of Reading, owing to n new de
velopment in Rending.
Southern Pacific meets a little stock above
96, but should l>e bought on easy spota.
L. J. ANDERSON & CO'S
DAILY COTTON LETTER.
New York, Nov. 20.—The New York
market opened 2 to 10 off thla morning
In response to weaker cables than ex
pected. After the opening there was a
disposition on the part of shorts to
cover which steadied prices for a while,
but an estimate from Mr. Price on (he
f inning to November 14 showed 8,312,-
00 bales ginned, against 7,400,000 iuit
KAar, arid caused prices to break rap
idly to 10.12 for January. The bears
ket ought to rto iwtter. bog re- ‘hat thla Indicate* a bearlah
celnte at weatern colau 36,000 leaa tlutu government v<Wt for tomorrow. In
view of Mr. Price’s former ffuessea, and
forecaate a yield of 12,600,000 to 13.-
000.000 hales. These flKures were used
as a lever to hammer prices apparently
for thq purpose of setting rid of eome
of the large long following. It Is gen
erally expected that the report tomor
row will show about 8,750,000 bales
ginned, and should It prove less than
this no doubt the bulls would take
full advantage of the difference. It
seems to us cotton should be bought on
the dtp*.
ILLllSCfi
THE FEATURE EMU
Advanced Sharply 5 Points
During First Hour of
the Session.
MORNING TONE FIRji
Standard Oil Interests () a
Bull Side of Recent I
•Market Leaders..
of tho call money rates was the min,! "t
Influence In tlila niornlue’a mu... - ! wl
Ojienlux nt 6 per cent, the call
tlon advanced to 714. nml while mr!S;.
around thla figure were anrh aa to r ll] . 1 , ll r’
rate down later, the average nu which o!
day s borrowing wax arranged was 5J
ernhly higher then at any time -h. -
Til of mat week, without ,u, v „
developing ngnlnat the share list,
for the rise sleekened In the swift
which they had set nt the outset „f £
week. oFr the first two hours price,
with extreme Irregularity. Uertnin O.
recent lenders, among them the Parian.
Smelters, Bolding and PennaylvmilV lS
Inclined to yield to profit-taking. Dot ihi!
wbb more than offset by the grent utrcnVt?
of other atoeka. surh aa Ht. l'uul Nntth
western. Bock Island. Louisville and \,,h
vllle. and People's Gas. Ity mid,Ini th.
persistent buying of these Issues hiul
to turn the whole mnrket upward
The atoek market showed a fli-m
through the first hour, with nggreaslvetofl
Ing In n number of stocks lit which i mI S
tnnt developments are supposed to lie
Ing. Illinois Central was the feature.
■Per, opening hlehernt ITS moved np t„ nt
The Htnudtrd Oil Interests are known t» u
Imitortniit factors on the bull side „r
Stiwks tlutt have been market lenders r,„
9 In. Inat ii I no ..
oml* uDchnugcfl. oibt*r
SEABOARD AIR LINE.
Following woro the cloalny quotntions of
Seaboard Air Line* atoek* and imnd*:
u » ** #. Illd.' A«k
Seaboard Air Lino, common.... 24
do. Brut preferred km Ji
do, aecoiid preferred.. .... 5a
do. ten-year 5* loou m
do, three-year 5s.. 99M m
do, . 4* 8ia 4 s
MINING STOCKS.
Boston, Nov. 29.—Arm<1 Inn 14*4: W«hH
Ine 160: Atiouez 140; Hbnunou 16%; Nurth
Butto 110%; Trinity 12%. "
LONDON STOCK MARKET.
BAD WEATHER CAPPED
CLIMAX FOR A BEAR
CHICAGO GRAIN MARKET.
1500 ) 1506
New Orleans. , . . , .
ilnirimtou . .
Mobile
Savannah. ......
Char teuton
Wilmington
Norfolk
Hasten
:;:
Jji-kKOUvllle. . . . , .
IN'tisacoln,
2266T$
53141
2761
16588
534
2752
5008
123
*84
28754
395 W
3S38
12877
1265
2H7
6767
581
? wit
365
Total. .......
103653
1015(6
19 ft. ALABAMA 9T.
,v*w York Cotton Exchanfr
Kw York Coffee Cicni^ja
GIBERT & CLAY
• rOCK». BONDS.
CRA,N ATLANTA. C A
coFrer. pnovtsiONt.
MCMBERt;
Orleans Cotton Kxrhanf*. I Chleayo Board of Trade.
Orleans Stock Esehaage. 1 Uvrrpool «'otton Awn.
Orleana Board of Trade, t Gtlvoston Cotton Ex.
ALL B“ —
L | New f)r
>. I New Or
*. 1 New Or ... _
I'AtE WIRES TO ALL EXCHANGES.
Lieel end Long Diitine. Telephan, 6298. C. E. KEPLINGER, Manager.
ALONZO RICHARDSON & CO.;
PUBLIC ACCOUNTANTS
AND AUDITORS
BeU Phone, !&uu
Snow Drl f t eouipouad S.60.
GROCERIES.
SUGAR- Standard granulated, 85.18. Now
York iedited. 4%c; plantation. 6c.
COFFEE-Roasted Arbuekle’a. 816 39; bulk
In hiyra or barrals, 13c; frevn, 10O12c.
IUOE- Carotins, 4%c7%c, according to tha
grade.
" CHI—
twin*. I6%c.
CHEESE—Fancy full cream dairy, 15%c;
bream, 607**
per pound; trout 8c per
* potnpaua
FISH.
Mullet, 88.09 per barrel
pound; snapper 10c per poll -
pound; blue flab, 8c per pound.
!S4820c inland; mackerel. 12%c pound; mixed
fish. 6c per pound; fretb water tront, 8^10c
pound.
WEATHEfFORECAST.
Ci(*orgIa—Ruin nnd colder Tuwwlny; \V»*«I-
uciutny |Nirtly cloudy, pnduildy rain aud
colder hi houIbeast portion.
Ieonl*iana—Rain Ttieedny: po**ll»ly *nour
In northwest |M)rtloi>; much colder; Wed
nesday fair.
West Florida and Ainl»mua - Rain mol
gurh colder Tuesday; Wednevlay proUUdy
3lts*t*iilppi—Rain la south and rain
low In r- --*-**“ “ *
day colder
St
Chicago grain and provision quotation*
for today follow:
Frevlout
Open, High. Low. Close. Cloae.
WHEAT—
Bar.:;:. S*
Dec
May
July
OATS-
Dec
-M?y
s;
a p
8 P
JOUK-
Jnit.... 14.45
May... 14.65
LARD—
Nov.... 9.30
Dec... 8.67%
Jan.... 8.45
SIDES—
Jan.... 7.70
9.30
8.75
8.55
9.22%
8.75
8.62%
May... 7.82% 7.92%
.CASH WHEAT—
No. 2 red 754*76: No. 3 do
hard winter ?4%tf76; No.
» 73675; No. 2
do 73074%.
CHICAGO CAR LOTS.
Below l» given receipts today and eatl
mated receipts for tomorrow:
Today. Tomor.
Wheat. ......... 57 “
Corn 340
Oat*. 225
Hog*. . 28000
NORTHWEST CARS.
The following 'figures give the northweat
cart of today, last week nnd ln*t year;
Lant Joist
„ Today. Week. Year.
Min lien polls 211 255 306
THE LIVERPOOL GRAIN MARKET.
6*4 lower; closed unchanged to % higher.
Corn—Opened unchanged; at 1:39 p. *~
unchanged to V “—* " '
lower.
> % lower; closed unchanged to
THE COFFEE MARKET.
New York. Nov. 20.—The market opened
steady at miehaugi'fl prices, which was con
sidered n little I tetter than due on the on
There was evidently some *ti
Knit Texas—Rnin on the coast; rain «»r
snow !p the Interior Tuewla.v; colder In
east ni.d south portions: Wednesday fair
and warmer lu north west portion.
West Texas—Know Toeaday: Wednesday
frlr ntid wanner.
r Arkatira*— Know nnd ci>hh*r Tnewbty;
Wednesday fair and collier.
Tennessee -Haiti lit i*ast, raltt or snow In
west |HH*tlon Tuesday; Wednesday rain attd
Empire Building.
.-w • ATLANTA. GEORGIA.
bull tip lu i lreulatlon. It vu rnniore<l that
th<‘ ilvimiiut lata yvsterday, which attract-
cl ,.iiuc attention, was for the account of
people very rlore to the lemlera In the
•now In north portion Tne«l.y; \Ve,lue.-1 valortretlon plan, ami there u ere vague re-
* - * 1 fnirta that auuie rtnlionucemeut wtMlld la*
made lu the near future aa to further vnl-
orlxutlon developuienta. which would lie
very hullUti. The Kuropenu mnrket abow-
«h! very little feature, lint n private cable
from Hum* Mid that Santo, receipts were
OXt’Ceted to full off In the near future,
tint the market there was evidently nor In*
tlncnced by thla expectation, ns prlcca were
net unehanged when due to t-otue u elmde
higher.
, Following I. the opening range and
eloa* of toe hew York offee market for
* today.
j , Opening
January *. ftiigis"
Fet.ru. ry J, >i.r>
Jlureh 6.4*6.45
April .. 6.5*65.
May ..665
June 4.C6.S
Jnly *.7»6S‘I
August 6LS*6»)
IL-ptemlicr .. . 686656
tretotwr ,*.S5
Novemla-r 6tC615
Ilcu utlo-r .. . ..6166a
Cbtaed ateatly.
INTERIOR RECEIPTS.
Now Tori© Nov. 20.—The Sun MY*:
"The weather new* capped the climax
for a bear. He had «ot used to strong
spot price*, big buying by mill* and
exportera at th* South and heavy cov
ering of hedgea here. He had grown
accuatomed to - light receipt*, report*
of holding back, car ahortage and a
scarcity of what a apinner mint have
hla trade demand* and that la fine
grade* of raw cotton. HI* fear* of
bad weather had been dtapelled when
the low barometer In Texaa last Fri
day aeemlngly failed to produce reault*.
What he did not expect was what he
actually got, and that wa* cold weath
er, heavy ralna, amounting In - some
section* of Alabama, It seem*, to 6
veritable cloudburst, and to crown all,
■now or sleet and appearance of same
In Texas and Arkansas, and also cold
ratns In the eastern gulf and Atlantic
states. The bull, too, could still boaat
of holding all the old cards, not forget
ting the predicted revision of spot dif
ferences tomorrow and of a bullish
glnners' report on the same day,
wonder that some of the big shorts be
came disgusted and covered. One Is
said to have bought 30,000 to 40,000
bales. Latham, Alexander & Co. esti
mated the crop at 13,160,000 bale**
which also caused covering, as It Is no
larger than the world's consumption'as
estimated even by Mr. Ellison. The
world's consumption, however. Is more
likely to be 12,600,000 bales. Lmtham,
Alexander & Co. said: ‘We beg to sub
mit for your Information our annual
estimate of the cotton crop for thla
year. The result Is the average of
more than 5,000 estimates addressed tn
us by reliable bankers, merchants,
planters and cotton buyers, residents
of the different cotton-growing coun
ties In the South, and we regard it as
correct as It Is possible to obtain It.' ~
—Glbert and Clay.
LIVE STOCK MARKET.
>' CMcsbo.
If he is to make the fine goods which Ithaii yesterday's Hose; ipuilty imo'r; J*lrar-|
Uf a urea, fair; eathnnted rrevlpta fc.000; light
jHUfjljfa mixed «S.904t630; heavy $5,551;
PRIMARY MOVEMENT.
The following figure* give the primary
movement of wheat ami corn:
Wheat—Receipt* today. 1,970,009 lumbel*:
ln»t week 1.235.000 lumbel*, ngnlnat 1,364.000
huahel* Inat year: nhlpment* today 742,000
lumitul*. Inat week 710,000 Imsbels, ngnlnat
664,000 bushel* last year.
Corn—Receipts today 590,000 bunhe!*; lant
week 630.000 huahel*, agaltmt 906.000 bu*hel»
> The following inhle show* receipt* nt the
Interior towua today, compared with tbe
name day ia»t year:
1906
Houston. .
Anfihttii. . .
Memphis. .
Kf. I,»uf*. .
Cincinnati,
Total.
. ...
. . i! riwi
. . .j 2311
-. .r~$gsT'
2IH
5225
Floss.
6.15-6.20
134JI
6.25-4L40
6.454.50
6.55-Aft)
sa
A854.99
•k904.ll
4iW4.«lS
6.054.10
SOUTHERN JXCHANGE
Oldest Established Office South.
C 0ITOH STOCKS BONDS GRAIN
Ground Floor 6culd Building. Daily
market letter nnd market fn&nuai
niKlled on application
L. J. ANDERSON* CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RCrCRCNCC. THE NEAL BANK
PHONC 1417. PRUDENTIAL BLOC
t».55«<k80: plus fe.20©6.i0; y'ork*
rre I6.1j06.2O;.(ooiI to choirs henry $6,200
Cattle—Estlmntrd rerrlpta 8.600. Gmal
lirrvea $3.8607.65; cows
i'ie*® •>" , f<-*r« fc.4O04.8D; enlvra m
"50: glial Prime steers |5.20«7.3S; poor to
gjjfrn 83.50® 6.15; stockers and feeders ri.60
, Hheepr-Ratlmated receipts 20,090. Market
at tong; native. p.r$O®7.70; weatern 83.5O05.ffi;
yearling*.85^006.40; lamba 84.50tf7.65; west
ern 84.60tf $.36.
STOCKS-
Anmigunmtetl Cop|*er..
Atiaeondn..
Atchison
Baltimore and Ohio.. .
rntutdlnti Pacific.. .. ..
t'hennpeuke nnd Ohio.
Great Weatern.. .. ....
Illinois Central
Knnrnia nnd Texns,. ..
do. preferred
Loulftvllle nnd Na*hvlll
Mcxlcnn Central.. . .
New York Central.. ..
Norfolk and Western..
Rock Inland
Southern Pacific
Southern Railway.. ..
do, preferred
*t. Paul
Union Pacific
United State* Steel.,
do, preferred
HSTfcl..
snub
281% 281*8 :mu
102%* 102% iHU
119%!
181% j 181% D.%
76%! ;«>4
140% 14545
ii'%
14S% 1D%
irtllu imp
30%; ;
■a.**;* 4
I86%!is7% isn*
188% 189 '19»%
48% 4X% ft*,
106%!l<f.% 1C.
THE METAL MARKET.
New York, Nor. 20.—There was a beitw
Inquiry for tin.
<'upper iineliunged.
Lead olid Mpeltcr were unchanged.
THE SUGAR MARKET.
don beet* steady.
ooggHgg88S8S88g8BSI*B8888BB8888888588888888B888BBBaBaaOEBeB<lfiaaaoeofla*<)ad
Safe Deposit Boxes
' For rent in our caulk in tbe basement of the
Empire (Building for only $5.00 each per
annum.
Absolute Security and all Modern Conveniences
You should nol be without one. We inoils
you to Call and inspect them.
Title Guarantee and Trust Co.
(T
ATLANTA NATIONAL BANK
—\
ATLANTA. GA.
£■ re R :,, Pre o de :J - A ' E ' TH <>RNTON, Vlce*Pre«ldent.
H. T. INMAN, Vice-President. GEO. R. DONOVAN. Cashier.
JAMES S. FLOYD, Ats’t Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HUBBARD BROS SCO.,
Atlanta Offices, 219-221 Century Building.
Members New York..Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence invited,
t hones 454, Long Distance 39. A. S. Hustace. Mgr.