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12 THE ATLANTA GEORGIAN, TBVUSiT. NOVEMBER NEWS AND GOSSIP of the Fleecy Staple. ErtPi-ciri a Rapid and Decided Slump in Prices in Early Session. SLIGHT RALLY. LATER. During the Late Trading Tone Was Steadier But . .Trend, Downward. In? < ••cotton mnrkct to\Iny'Wa» riotlvd and prices were down 3©6 points, follow* In? the further declines after the call. At any rate, selling pressure ?n!ned such hendwnv after the call that pricer, fell about 20 points under yesterday a close In the ‘first tfcrenty inltiutes. Aivl morn In? < !vlcfl£fron*I,UpriM»nr!UjM mo encodjia?lng.#o tin* hulft, so a wcffi •iinpcrn* if. - TUo* in due to conic Kw/IL points *up. wbereai the advance wns'VijIy 6tf7% 'points, most of which wftf lost Before the dose;-whUft'waa quiet and unchanged to 4 points higher. In the active Open. High. Low. 5.87 5.79 5.70 5.62 5,72 5.64 5.77 5.67% Following Is the rang< months In Liverpool todi One November 5.® January-February. . . .5.70 Mareh-April 5.71 Mny-June ..5.77 The confident manner In which the hears attacked the cotton market made their on slaught successful, even beyond their ex portations. ami prices uieltcd away at a brenth-tnking pace. The slump was unwarranted by exist ing conditions, other than that there Is nu absence of specula (Ion In the market. The trade situation continues the same, and there are no indications, nt present, of a fulling off In the demand for the raw ma terial by the mills, especially for the good grades. The glliners* report was Issued yester day. and It leaves the trade still In doubt ns to yield for the current season. A large or moderate crop can still In* fig ured out by the expert bull or bear statis tician from the figures of the report. The figures, ns compiled by the census bureau, are ns follow; Alnbamn .* .. ., 834,870 Arkansas 458.472 Florida 432,841 Georgia ...1,190,627 Indian Territory 238.242 Kentucky 835 Louisiana 539,791 Mississippi 789,484 Missouri 23,091 North Carolina 383,356 Oklahoma 243.338 Houth Carolina 653,375 Tennessee 142,970 Texas 2,982,698 Virginia 7,676 Total.. 8,531,486 The number of sen Island hales Included are 29.133 for 1906, distributed by states as follows: . Florida 14,977 Georgia 12,658 South Carolina 1,498 A New York broker says: “No sane man will'contend thnt there wllf be more cotton ginned after Novem- her 14 than there was lu the big crop year. In fact, every one knows that there Private Wire to albert &, Clay. •^■Ndw yefk, Nov. 22.-—Liverpool 12:3ft. p. ra, 6 to 7 1*2 higher; was ex pected 10. to 11 higher. On this basis we should .Open 7 to 8 lower. Journal 6t Commerce says: “New cotton grades revised by committee; radical results announced after long session. Low middling 60 points barely low middling 70 points strict good ordinary 90 points fully good; ordinary 107 points off, and good ordlgaryil25 points off." New York wires: "Think glnners’ report Indicates crop of 12,260,000 maximum. May be much less owing to bad weather destroying cotton now open. Looks much higher. Local traders and Odell .'selling. There Is proceeding steadily from day to day ana the vol ume of goods taken sums up very well when the figures of many small sales are collated. „ Converters whose con tracts are .expiring within sixty days tre quietly, renewing, and .those small users who are not protected by. con tracts’are finding It very hard td get goods, at prices that will nett them a. profit when turned over. The re-or dering, printing gobds continued i good South and West, ‘ although thd' first shipments have not been made. There Is a large demand reported by sales- ■men on the road for wash fabrics tor spring.” New Orleans, Nov. 22.—Liverpool only 4 6‘*. to 7 up, Is, quite disappointing: Was-idue 13 points higher. ' ( Liverpool cables: “Egypt realnlnc heavily. Don’t think the market,likely to go'much worse..'We thlnk’it better to buy down than-go short.” ' Today’s map'Is favorable. Clear and cool, with scattered showers reported In Alabama, Georgia and Tennessee. The*weather has a settled-appearance, with probably higher temperatures to follow. The Eastern • forecasts indicate fair and colder weather tonight and Friday. The Western forecast Indicates gen orally fair and warmer weather tonight throughout, with Increasing cloudiness and possible showers tomorrow, fol lowed by colder weather In the Western portion. THE WEATHER. LOCAL FORECAST. was perfect weather thnt season until Iodl after Christmas, nml thnt we have had and are having a whole lot of bad weather - , - - - this toll. It will be wtfo, thrrrfore, to hot temper.Wf..*out freeslnif. that this crop Is, at least, as much smaller FOR ATLANTA AND VICINITY-Fnlr CONDITIONS. Ai» Wes of* high pressure rovers greater portion of th^ map, except In south ern Rocky mountain districts and lu tho northeast. There has been a rapid rise lu the barometer nt all stations from the up per Ohio valley westward to the Rockies mid In tho north Pacific states. The storm that was centered near 8t. Louis yesterday has-moved northeast, causing snow In the l4ike region and rain In the Interior. Hnow js falling at Marquette and ruin nt Pos ton und Portland. The advance of this storm area has caused warmer weather on the Atlnntlc coast and In the northeast. Colder and mostly clear weather prevails In the Mississippi and Ohlo vr" * Into northern Florida. The .... a turn range from 14 degrees nt Atlanta to 36 degrees nt Birmingham. The advance of the nrea of high press ure will cause fair weather In this sec tion tnnlghtc and Friday; colder tonight— * *4r than tin* big crop, as tomorrow's report Is less than thnt of the Idg crop season, which was 9,787,000 hules." A good business was reported doing lu spots at 13 points advance, making mid dung fi.07d. Hplnners Increased their Ings ti> 10,000 halo*. In New York, prices started weak, and grew weaker through the first hour’s trail ing. Opening quotations were 3B9 points lower, on the active months, and In n very short while added 17lf20 poluts to the open lug decline. The slump was cheeked before midday, snd prices rallied some 8*110 points, while fluctuations were narrow for an hour, when pressure was renewed and prices were again on the downward turn. Comparative receipts at all United Stntes B? receipts today 63,933 Same day last year 56,828 Decrease 2.895 Total receipts for five days.. .. .. 348,949 Haute days Inst year.. . . 328,331 Increase : 20,615 Total receipts since Hepteniber 1....3,833,039 Maine time last year In Estimated tomorrow: New Orleans.. Galveston.. .. Houston.. .. Movement at Atlanta: Receipt* today Same day Inst year.... Increase ..id.wo'toVooo ..15,000 to 18,000 ....15,000 to 17,000 .3,618,397 21,442 1905. 17,068 12.805 7,883 1.500 225 114.862 11.393 Increase 3,479 At the close, the market was steady, at practically the low point of the day, net 274432 points lower. ItMTi Stock on hand today, Maine day Inst year... TODAY’S PORT RECEIPT8. The following table shows receipts nt the 1906 1905 New Orleans Galveston Mobile Savannah rhar!e*ton Wilmington Norfolk Boston Philadelphia Port Arthur and Sa bine Pa** Port Townxetid. . . . 1H«»2 1504 13749 429 LiKM 3800 90 .33 11508 i:W78 «w 12172 823 2533 .S46»; 761 98 6101 Total . 53MB * 56328 INTERIOR RECEIPTS. The following table show* reeelpta at the interior town* tt*lay, compared with the i.imu day laat yeur: 19)6 1905 Houston. ... . . . . August.*! Memphis Kt. IahiI* I’iiifiiiuntl -10779 2«9 .37SI 5677 204 9231 1264 3852 I2ttl 17334 Minimum and Maximum Temperatures and Rainfall. Observations taken at 8 a. m., 76th meri dian time. Atlanta., .. Abilene.. .. .. Amarillo.. Ashevlllg..' .. . Augusta.. Birmingham.. . Ill sum rek Ho*ton.. .. .. HiifTiiln Charleston.. .. Charlotte.. ,, , Chicago Cincinnati.. .. Corpus L'hrlatI. PaveaporfeL. .. Ml* cr™ aSi Havre Jacksonville Jupiter Kansas city Key West Knoxville.. . . . Lander Is>* Angeles Macon Marquette Memphis.. .... Meridian Mobile Modena Montgomery. . .. Nashville Orleans New York. Norfolk North IMattc Omaha-. . Oswego Palestine ;• Pittsburg Portland, ' Maine.. Portland, Oreg.. . Rapid City St. Louis . IMul San Francisco.. .. Savannah Spokane Tampa ‘Paylor , Thomas?ille. . .. Vicksburg Washington Wilmington Wlnnemueea *1* Indicates trace o rain or s J. H. MAHIIURY, Section Director. SPOT COTTOr/ MARKET. Liverpool, spot cotton firm; middling up land* 6.07d; sales 10,600; American 9,000; speculation ami export l.SW; receipts 13,- 0»>: American 6,300. Atlanta, weak at 10%e, New York, quiet nt 10.90c. New Orleans, steady at 10%c. Hostou, steady at 11.10c. Houston, steady at 11 JM6e. Baltimore, nominal at lie. Memphis, steady at 10* 4 r. Savannah, easy at 1064c. Edited by jrpseph B. Lively Mr. Lively’s twenty-five years* experience of ed\ Itlng markets In Atlanta .and the 'South has marie him .a. recogulzed au thority la bis specialty. TIPS FLASHED From Wall Street. RANGE OF N£W YORK STOCKS AND, COTTON 'MARKETS NAME OF STOCK. Amalgamated Copper. . Atlantic Coast Line. . . America* Sugar Kef. ‘t • Anacondq. ....... . American. Locomotire. . do. pre (erred. .«* . . Am. SmUttog Kef. . .,; do. preferred Atchison. . . • do. preferred. . . • American Cotton OIL . Am. Car Foundry. • . Baltimore & Ohio. . 4 Brooklyn Rapid T. • . Canadian Pacific. • . • Chicago & Northw'u. . '’hepnpenke A Ohio. . olorndo Fuel & Iron. .Central Leather. . : Chicago, M. A St. P. . Delaware St Hudson. • Distiller’s Securities. . Erie. . do. preferred. . . . - General - Electric. • • • Illinois Central. . . ... Am.. Ice Securities.'# . Louisville St Nashville. ^.Lt^l 95| Total stock aaleaTotlsy l,090 6(j^ shnrR»^ NAME OF STOCK. N. Y„ lint. Sc Western. National Lead. . . . Northern Pacific. • • New York Central. . Norfolk & Western. Pennsylvania. .......... People’s Gas . • . . Pressed Steel Car. preferred. . Mali. .... Pacific J Southern Pacific. . . Southern Railway. . . do. preferred. . . srou-sh.m.id. . . . •Tenn. Cosl A Iron. . Texas A Pacific. ... Union Pacific United States Steel. do. -preferred. . # , Ya.-C«r. Chemical. • dp. preferred. . . , Western Union. . . . Wabash do. preferred. . • . Wisconsin Central. . , do. preferred. . • , NEW YORK. The following Is the range In cotton -fu tures In New York today: S'ov. •#"::, >ec. . . . , Jan. . . . Feb March. April. i 16.30io.22 io.: iprll. . . fay., . . June. . . July 11068 Closed steady. ! ■.18-25 10.03-04 10.13-14 10.21-23 10.60-G& 10.35-37 10.42 10.50-62 10.59-60 -.10.64-66 10.42-43 10.69-70 L. J. ANDER80N & CO’S. COTTON LETTER. New York, Nov. 22.—The failure of the revision committee to make the changes In the difference between grades at their meeting yesterday aft ernoon, as had been generally expect ed, caused heavy selling at the opening In New York today, and ns a conse quence a bad break In that market. Prices opened off 6 to 10 points and further hammering during the morning extended this decline to about 30 below yesterday’s close. There seems to be any quantity of cotton for sale, largely from New Orleans. For the time the ginning report was forgotten and every one rushed to get rid of their long cot ton. The ginning report was sufficient ly uncertain to give the bears further grounds for argument, hence It Is likely that prices will swing both ways rapid ly for n time, but the average opinion from 12,000,000 to 12,250,000, and in case tho next two weeks confirm this estimate, the bears will find very little to comfort them in the action of the market. LIVERPOOL. The ’following table gin** the opening range, '2 p. m. and close, compared with yesterday’s dose. Futures opened firm. Opanifig " " * Dec.-Jan.. . .6.70%-5.6L Jan.-Feb. . .5.70 -5.66 5.67% 5.62 5.60 Feb.-Mareh. .5.71 -6.67% 6.69 5.63% 5.61% Mareh-Aprll..5.71 -5.69 6.70% 5.64 5.63 Aprll-May. . .5.74 -6.71% 6.72 5.65% 5.65 May-June. . .5.77 -6.73% 6.74 7.67% 5.67 June-July. . .5.79 .-6.75 5.76% 5.69 5.69 Jotr-Aug. .. .6.79 -5.77 5.77 5.70% 5.70% Closed easy. NEW ORLEANS. The following la the range In cotton fa- tnroa In New Orleans today: Nov Dec. . . . Jan. • . . Feb. ... March. . . . April. . . . May June. . . . July.. . H 19.36-37 10.43 41 10.49-60 10.56-38 10.60-61 10.67-0.* 10.73-74 Closed steady. it 10.75 10.65-61 10.65 66 10.72-741 10.76-77 10.82-84 10.89 10.95-97 10.98-11 PRICE CHANGES • IN TOT SMALL Domestic News Was Bullish and Caused Slightly Firmer Tone. LIVE STOCK MARKET. Chicago. Nov. 22.—Hog*—Estimated re ceipts today 16,000. Market 5010c higher: lmfk 86.1566.40s light $6.10(96.42%; mixed $6.1066.45; heavy $5.80©6.46; rough $5.80©6; steady; quality fair; beeves $3.N>ih,^ $1.3064.20; heifers $2.40©4.80; calves $307.60; S imhI to prime steers $5.6067.35; poor to me- linn $3.9065.15; stockers and feeders $2.60 ^Mheep—Estimated receipts 15.000. Market steady; quality fair; native $3.26tfi5.i0;west ern *3.2666.60; yearlings $5.5066.4'*; lambs $4.5067.60. CHICAGO CAR LOTS. Below Is given receipts today and estl- nmb'd receipts for tomorrow Today* Tomor. COTTON SEED OIL. Following were the opening and closing prices on cotton seed oil today: Opening. Closing. November 41%®42 4l\642% December January. February. March — May 34^35 34^035% ^ ^ ... ... ^ May nt 34%. Chicago, Nov. 22.—Weakness shown In nearly all the marketssm the board of trade at tbe fck>se. Wheat was 1-863-8c lower,' led by ■*& sharp break at Minneapolis. Corn was l-4c lower to unchanged. Oats were 1-86 l-4c oft and provisions 10620c lower. There was more dplng late than early In the day. • Cash sales of wheat here were 25,000 bushels, com 20,000 bushels and oats 85.000 bushels. At New York 11 loads wheat# 5 loads corn and 5Q,Q00. bushels oats. Primary receipts of wheat 761,000 bushels and com S&lftOO bushels, against 1,004,000 and.J524,000 bushels, respectively, a year ago. Clearances for the day, 142,000 bush els wheat, 26,00.0 bushels corn and no oats. Argentine shipments,'for Die .week are estimated at 800,00d bushels w ; heat, compared with 726,000 bushels for the week .before, and 1,623,000 a year ago. Corn shipments 2,000,000; a week ago 2,470,000 bushels; a yeur ago 226.000 bushels. A special cable sayfi that the weather In Argentine, while unsteady, Isinot un favorable enough to cause any* damage. A bear messngo from Minneapolis says: “A good deal of wheat is offered to arrive for December and January shipment.” ^ . CHICAGO GRAIN MARKET. Chicago grain and provision quotations for today follow: Open. WHEAT- Dec.... 73% May ’,H\ July.... 77 CO UN- Dee 42% May.... 43% July.... 44% OAT8- - >ee.... 33% May 35% ’fa- 3 * Jan... 14.85 1 May... 15.05 II High. 78% 1 4S4 44Wi 4IV, .««• .w; T3W 7S>, T!H 42U sn ia 33% THE METAL MARKET. LARD— Nov.... 9.25 Dec... 8.80 New York, Nov. 21—In tin price* were atcailv. with u alight Improvement lu a|M>t and r-by deliveries STEEL IS SCARCE; PRICE STIFFENING -The Iron Age ATLANTA. CA Board of Trade. Cotton Am’il Cotton Ex. GIBERT & CLAY STOCK*. BONDS. IS C ALABAMA IT. COTTON. CRAIN. CO FFCC. PROVIftlON*. MEMBERS: New York Stock Exchange. New York Cotton Exchange. New York Coffee Esebauj^ Local and Long Oiotanco T.lophono S29& C. E. KEPLINGER. Managor. ALONZO RICHARDSON & CO ~ PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA. GEORGIA. New York, Nov. 22.- 8aya today: “Steel continues very scarce, and Is stiffening in price. Some good orders have been entered for steel rails. In cluding 25,000 tons for the Atlantic oast Line, 18,000 tons for the Gaines ville und Gulf and 5,000 tons additional for the Texas Pacific road. It Is noted that an unusual number of roads are Adding to their earlier requirements for 1907. “The fact that Chicago fabricators of structural material have placed con tracts for about 25,000 tons of shapes for delivery during the first half of 1907 at current prices is Interpreted as Indicating that an advance may be In sight. ’’Generally speaking, however, the structural mills are not crowded with work. During the past week contracts for buildings and bridges were given out In the Chicago district -which ag gregate 10,000 tons. The constituent companies of the* Steel Corporation have placed orders for, _-l4,^00 tons of fabricated work for new Construction. “The adding of $2 per ton on plates In the Eastern mills Is foreshadowing an advance. “There has been a heavy business In steel bars during the past week, dis tributors, railroad and manufacturers of bars for reinforced concrete being the purchasers In some Instances in an ticipation of the advance of $2 per ton, wh!cj» was decreed on the lf»th. ' “The Eastern pig Irotr market con tinues quite active, the sales including a number of Tgood lots’-ofvgrey forge In ventral and eastern Pennsylvania, and one lot of 10.000 tons of basic pig at $23 delivered.” 8IDE8— Jan.... 7.85 7.85 May... 7.95 7.971* PASH WHEAT- \\n 9.10 8.65 • 8.46 ' 9.10 8.65 8.45 7.72% 7.72% 7.f STOCKS REVIEWED BY NEW YORK SUN New York, Nov. 22.—The Sun says: "While, the movement of prices In the security market yesterday was general ly characterized by Irregularity, and there was In no sense, a resumption of the confident buying for the rise noted last week, the course of the market yet reflected less uncertainty on the part of the speculative contingent than it did Tuesday, and prices for the principal stocks generally advanced. The state of the money market was once more the chief Influence affecting values. The security market gathered vigor as soon as money rates began to decline. There was a renewal of activity in the familiar leading speculative favorites, Copper, Union Pacific, Reading, Great Northern preferred and Northern Pa cific shares. Intimations were forth coming from sources usually trust worthy that the long-talked-of Great Northern new’ ore land stock Issue would be made within a very short time. Genevally speaking, there were no specific developments, yesterday, if the * fluctuation In money rates be ex cepted, bearing upon the stock market. Tho decline In call money did not af fect in the least rates for time money, which were as firmly held as they have been at any time."—Glbert & Clay. ■ WEATHER FORECAST. Private Wire-to Uibert & < lay, New York, 'Nov. 22T.—MarsluilH Spader A Co.: “Apart from tho price movement lu the northwest properties ami the Horrliuaii issues today. It Is logical to expect strength in the coalers. New York Cen tral and metals, and It Is quite posslldi a broader market will follow recent tlon and partial liquidation.” Dow-Joues’ summary: Americans In Lon don strong per cent above parity. Bank of England rate unchanged. Atlantic Const Line equity in Louisville now more Important than Its own cam- logs. Better demaud for stocks lu loan crowd. Large amounts of copper bid for nt 22%e. Kansas City Southern surplus In annual report equal to 3-10 6f 1 per cent on com mon after 4 per cent preferred dividend. era! money situation. orthern rl_ , nounced. Stockholders receive share for share of certificates of participation In ore laud trust. Special directors’ meeting of Mexican Central today. United States Steel cash holdlugs nt present estimated at $85,000,000. Thlrtv-two roads for the second week lu November show an average gross Increase of 11.33 per cent. Twelve Industrials advanced .28 per cent. Twenty active railroads advanced .77 per cent. New York Financial Bureau: The trend of Rock Island continues upward. We regard Erie ns being in u position to be raised moderately. Western Interests are bulling Atchison strongly. The HUI stocks—Northern Pacific and Great Northern—should be stimulated Into further bullish activity by the news developments this morning. We continue bullish on Louisville and Nashville, believing it will be on a higher dividend basis in the near future. New York Central displays great strength of undertone and should do better. Pool sources are tipping Anaconda -and Copper. The possibility of n 10 per cent dividend for Delaware and Hudson Is caus ing Investment buying of that stock, which Is tipped for betterment. Hnrrlinnn buying Is'reported In Uuion Pacific and Southern Pacific again, ami both are tipped for better figures by big houses. Investment continues, we under stand. in Baltimore and Ohio, which should bo iMiught and held. If Reading takes the offerings just nbove 150, we believe tho very strong bull tip re eolved this morning can be made by sharp advance. Among the low-priced stocks favored . the latest reports are Texas Pacific. Mis souri, Kansas and Texas, Colorado South ern 2d. Knnsns City Southern preferred, and Hocking Coal. We remain bullish on Steel. Par Is predicted for People’s Gas. Smelters should do better. St. Paul Is held yet between 186 nnd 189, with Information bullish. Sugar und Brooklyn Rapid Transit are tip ped by Boston. LEADING ISSUES Outside of Hill Stocks the Market Ruled Strong •and Active. • GREAT NORTH’N FELL Closing of Books for Rights to New Ore Stocks the Cause. CROP ESTIMATES ♦ WILL BE LOWERED Georgia—Rain and colder Thursday: Frl- lay fair nnd colder In southeast portion. «Louisiana ami East Texas—Fair Thura- lay; Friday fair and warmer. West Florida nnd Alnbniun—Fair nnd colder Thursday; Friday fair. Mlsalsslppl—Fair Thursday; colder In nouth portion; Friday fair snd wnrmer In west portion. West Texas—Fair Thursday; warmer In north portion; Friday fair. Arkansas—Fair Thursday; Friday fair and warmer. Tennessee nnd Kentucky—Generally fair SOUTHERN EXCHANGE Oldest Established Office South. conoa—STOCKS BOBOS—GRAIN Ground Floor Gould Building. Dally market letter and market manual mailed on application. THE LIVERPOOL GRAIN MARKET. Wheat—Opened H lower; at, 1:30, p. m., . jehnnpetl; closed irnchS"™* * Corn—Opened nncliiintf LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN Correspondent’s Capital $250,000 REFERENCE. THE NEAL BANK PHONE I4IT. PRUDENTIAL. BLDG ATLANTA NATIONAL BANK ATLANTA. GA V C. E. CURRIER, President. A. E. THORNTON, Vice-President H. T. INMAN, Vice-President. GEO. R. DONOVAN, Csehler JAMES S. FLOYD, As.-t Cashier. Capital.. $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. New. York, Nov. 22.—The Sun says: "The glnners’ report overshadowed everything else, although the weather news was bad and has been bad for three days and, singular to say, it has been practically Ignored In the cot ton market. Rains, floods, sleet, snow, cold weather, even cold waves, have been lightly brushed aside as of no account, although there can be no doubt whatever that they have helped to lower the grade of crop which, to all appearances, was poor enough In quality already. The glnners’ report of the out-turn up to November 14th was 8,531,486 bales, against 7,751,180 f6r the same time last year and 9,786,646 for a like period In 1904. In other words, the ginning up to the date mentioned was 1,162,000 bales less than during the same period In 1904, and if these figures are worth anything at all, they put the qpletu* on the talk: about a crop of 13,000,000' bales, to say nothing of lii00D*,OO0 v yhO‘ figures may.not be com plete: they.probably are not..The sea son,'-too, Is probably late and it Is dif ficult to determine Just what percent age. 6f‘the crop even the completeit flkUres at the .♦present time woulct rep resent, but there is a very genera] be lief that they stand for something like 70 per cept, though .some think it In all. likelihood something Tike ppr cent-At .70 per cent a the. crop^wquld be 1*2,180’,006 bales. At 72 per cent It would approximate 11,850,000 bales.‘Some es timates, however, range high ail *12,500,- 000; not including llnters.” New Orleans, Nov. 22.—The Times Democrat says: “The logic of the situ ation'- appears - to be this: (’hanging cqfidltions of trade, price control and magnitude of production have radically altered* the relutlve value of statistics, a < fubtor which neither faction seems willing to admit or able to fully grasp as-yet. In the .big crop year an open rail and ^winter drew maximum yield from, the plant and producing plants were plowed under the following spring while the demand for actual cotton en countering a declining market, supplied no specific spur with which to urge the gihner on to greater effort. This fall the situation has been completely re versed. Frosts and cold waves broke early records oyer a large portion of the belt, while storms did some daiuage. The demand forractual cotlon hafc been ravenous apd Texas has .been .called upon to supply an unusual portion of the current requirement. Consequently the reasonable view would seeip’ to be thdt,*' While a crop Ifirfce by comparison with average yield Is promised, by: the direction the returns have taken in. the world’s requirements, augmented In many-ways, Is greater than Its own average by many thousands of' bales mo# than Is the yield greater than the nvemire crop out-turn."—Glbert & New York, Nov. 22.—Today's market favorably influenced lu two dlrec‘t|nnj the long-awaited announcement of th,. trllmtloa of Great Northern's profits fri the ore lands, und by the decidedly easto rates for call money. The effect of* th, first announcement proved to have tuJ fully discounted so far as the Northwester, stocks were concerned. But the new* .it bring some fresh buying of Union PneMp whleh. ns a holder presumably of tt |„ r ’ block of Great Northern stocks, will substantially by the declaration. rUuloa Pacific was up a point In the , flr i» London market and roso altogether 2 imint* In the course of. the early trading her* The advance provided stimulus naturallr to the speculation In other quarters n nil money did not go above 6% per cent ilurtug the forenoon, helped also to crent4> n nior# confident feeling. There were henvv lugs nt advancing prices In Southern i'arlitr In Delaware nnd Hudson. Reading, fhp Pennsylvania and some of the mltmi shares, hut the rise on the whole wn* uirfu moderate nnd the nctlou which ehnrn Ised the dealings a week ago was pletely absent. Outside of the Hill stock*, the market ruled strong and active during the greater part of the first hour nnd material were made In -all the leading Issue* On the nunnuiieement of the c|osla« ,>f the I took* of the Great Northern f ( .r rHiu to the new ore stock the price dropped from 330% to 328%. Northern Pacific declined 1 in sympathy with Great Northern. Urn*: I.vii Rapid Thins!t continued Its in.\v,u,| movement, advancing 1%. Government bonds unchanged. other SEABOARD AIR LINE. Following were the Hosing quotations of Seaboard Air Line stocks nnd bonds: u . I ' Bid. Aiked. Seaboard Air Line, common. 23% i do, first preferred so m do. second preferred r*o :c do, fen-yenr 5s pm jonu do. three-year 6s do, 4s.. .a si v LONDON STOCK MARKET. Grout Western.. c.’anndlnn Pacific. .... Denver nnd Itlo Grande.. Erie do. preferred.. ^ . nols Central Kansas and Texas..,., do, preferred ;. Louisville nnd Nashville. . Mexican* Central Norfolk nnd Western. . . . Northern Pacific. . . . . York Central Ontario nnd Western. . .. Pennsylvania Reading.. Rock Island Southern Railway. , . . „ do, preferred Southern Pacific Paul.. , I’nlon Pacific do, preferred m I3ivl i.ii" i f 47%! I39%;!.’»»4 ! -' ! * 149% 150% 1174 32% ; 34% 94% ! ... ■ 95%' 95% ’M\ 186%:w, D64 189%! 189% l-'>\ 92V 48%' 48% 47% .1105 106% -« J?-:::::: THE COFFEfe MARKET. York, Nor*. 22.—The points and r morning on buying by * leattered covering bn*< Ine of during the traders ubu I bullish Brasilian news ami expectation* that a second valorization loan would Dttuticcd In the near future. of th- Brazilian markets, Rio hist the reei*nt i" 1 vnnee of 75 rel* and pantos was weak In;* unchanged with the rate of exchange 1 SM lower. The receipts at the two port* wen* 91,000 bogs, against 49,000 hags last year, and Jundlnhy receipts were 68,000 hag*, against 62,000 the previous day ami 21.e 1 ' bags last year. Han Paulo receipt* for Hie *uy were 67,981 bugs, against 31,921 la't enr.—Glbert A Clay. The following table gives the o|>cnu>.' range ami close In the New York market today: pciilng Range. June July August September October November December Closed firm. 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 to toll and inspect them. Title Guarantee and Trust Co. j CENTRAL BANK AND TRUST CORPORATION. Individual*, firms or corporation* contemplating opening a bank account, or 5 changing tbelr preaent one, are Invited to call or write*ua, and we will -be niensed j to extend them every courtesy and consideration consistent with sound banking. S 8% Per Cent Compound Interest Paid In Our S’AYINGS DEPARTMENT. Capital $500,000.00. OFFICERS: 2 At» G. Candl.r, Presicf.nt. : Wm. H. Patt.r.an, Vie. Prnid.nL A. P. Cel.., Caihi.r. : John 8. Ow.m, Vie. President. Wm. D. Owen., Ant. Cashier ■ TRUSTEES: . . , I. Y. Sage, Ocerge E. King, • Charles G. Goodrich. John N.'Goddard, Isaac II. Hirech, Or. J. Scott Todd, Sam D. Jones, William M.Hi'xen, * ' Asa G. Candler, F. B. Deney, Eugene R. Black, William H. Patterson, Norman C. Miller, J. P. Williams, John S. Owens. COTTON •9 MERCHANTS! HUBBARD BROS & CO Atlana 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. Phones 451. Long Distance 39. A.S. Hustace. Mer.