Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
FRIDAY. NOVEMBER 29.
VI
COTTON ACTIVE!
Liverpool Over Our Holiday
Was Sharply Better
Than Expected.
SPOTS ARE STRONG
New York and New Orleans
Follow—11c Again
Appearing.
\>w York. Nov. a*.—At the opening to
rt.’ y the local cotton market was steady Rt
mi advance of 1 to 6 poluti. influenced by
rtrmnes* of the inarket at Liverpool over
the holiday. The offerings were light. The
position of December was strengthened by
JhP belief that the notices on almut 30.000
fl les that,were outstanding would be re
called by the bulls.
During our holiday Thursday prices
f,,r both spots and futures were better
than due, and on Friday the advance whs
further Increased, the close being Arm 6 to
* points higher, whereas 2% to 4 points
would have been a full response to New
York’s closing on Wednesday, and snot cot
ton has advanced 8 points since Wednesday.
However. Friday aalea showed n sharp fall*
ing off ns compared with the previous dH.va
of the week, aggregating only 7,000 bnles
at 6.14.
At the opening In New Y’ork very small
Advances were recorded—1 to 6 poluts. That
the improvement was not greater wus at
tributed to the sending out of December
notices sround the opening, which caused
hesitancy st tho start. Immediately after
the call prices started upward, and In short
order December crossed the He mark, while
Mar seld at 11c flat. The buying was of
k -ood character niid Included Klordnn, Hut
ton. Wilson and Mitchell. *
Mr. Price launched n bearish clrculn..
but it did not hare the effect desired, the
trend of prices continuing steadily upward.
Mrs. Burch Issued her estimate of the
crop Friday morning. Mie places the yield
st 10.388.000 bnles. while the average of 140
members of the Liverpool Cotto"
mikes the yield 11,805,000 bnles.
At last accounts Mr. Price was standing
pat on bis estimate of 13.500.000, or more.
Sentiment continued bullish throughout
the Afternoon, and while the close was a
few points below the high points on proflt-
tflklng sales, prices were very steady, the
.lose being very steady 16 to 22 point*
higher.
Receipts at the ports and Into sight
movement delayed. Not received up
to time of going to press.
Estimated receipts 8sturdsy
NEWS AND GOSSIP.
Of the Fleecy Staple.
New Orleans....
ibtiveston
Houston
1007.
..13,000 to 22,000
.. 8,000 to 10,000
.. 5,000 to 5.500
1006.
11.432
22.656
15,850
SPOT COTTON MARKET.
Liverpool, ulet; middling 6.14.
Atlanta, steady; middling 11.
New Orleans, Arm; middling 11 5*16.
New York, steady; middllug 11.70.
Savannah, ateady; middling 10 15*16.
Its It (more, nominal; middling 10 18-16.
Wilmington, stedy; middling 10%.
Boston, steady; middling 11.70.
Mcmplns, quiet; middllug 11 1*16.
Philadelphia, steady; middling 11.75.
Houston, ateady; middling 11%.
Norfolk, steady; middling 11 1-16.
Galveston, steady; middling 11.
8t. Louis, ateady; middling 11%.
INTERIOR RECEieTS.
The following table shows receipts at the
Interior towns today, compared with the
same day last year:
1907.
1906.
Houston
* 8,657
15.374
Augusta
1.585
2.930
Memphis
G.044
6,140
Cincinnati
916
690
Total. ...... .
17,201
25.134
HAYWARD, VICK & CLARK'S
DAILY COTTON LETTER.
New Orleans. Nor. 26.—The English mar
ket showed decided strength, while we
were closed, advancing 7 Points yesterday
and 2 today, against only about 3 poluts up
•Im*. Spot stiles continue large. Fables
s-i.v there Is some speculative buying In an
ticipation of a bullish bureau estimate, nml
"ti the strength of spot cotton In the South.
Hrst trades hero this morning were only lit
nn advance of 4 to 6 points mid profession-
si* wero inclined to sell .for a reaction on
the opinion that 116 points advance and the
week-end would Invite a temporary turn,
■•nt outside orders came on the buying side
snd forced nuotlicr upturn to 10.96 for Jan
uary. New York and .Liverpool led tho
advance. It seem* short covering and bull
buying is In swing, and the adjustments
"* changed conditions and outlook not yet
"'‘compllshed. Reunions of consequence
therefore are uncertain, and tho advancing
tendency nmy lie little disturbed until tho
int ernment crop estimate is out of the way.
Liverpool closed at the best 7 points higher.
A late cable saya: “Largo business Man
* nester In American yarns.'* The South
western Cotton Buyers' Association of Tex-
•"» estimates the Texas crop nt 2,350.000
1 ale*. A leading expert house here, ihut
"wn* six compresses In Texas, hns compress
return* to November 23, which show 138,366
... . ... ■ ■ • -*- ||j P
t Is
restricted owing to limited’ offerings. Spot
broker* My they never saw such small of
ferings for the busy season of the year.
8<mic of the November need* are yet un
covered owing to these supply conditions.
About He advance is paid this morning.
J he f. o. h. basis is easier owing to higher
futures. The weather map shows bad
weather, heavy rains In the central and
Eastern states. Futures are steady at the
moment. Leading traders, nre baying on
'lips and wire opinions from New York
•bow a friendlier feeling toward the mar
ket.
New York, Xov. 29.-J. 8. Baebe & To.:
* he cotton market ruled Arm this morolug.
tho governing Influence tadng the strength
displayed by Liverpool, that market being
'■■Qhlderably higher than our closing on
M ednesday. The feeling is becoming more
bullish every day, especially *o 1“ the South,
"here the holding of cotton Is largely o-
•luiged In by planters and farming generally,
i hy foreign situation Is still the paramount
influence. The demand for this high-grade
I" not aluiting in foreign trade circles.
After slight declines following the opening
price* advanced all along the hn*. The
Hurch report was very bullish, being 10,388.-
* hales estimate. Tho strength or price#
•■arrled January to 10.76, March to 10.86 and
December to 11.10. The uotlces were not
heavy and were quickly stopped. 14 e favor
me long side of cotton for tne present. The
• dd-ont condition of the market, coupled
with the extensive abort account, backed
I*P by bullish estimates, will force cotton
higher Mora Cbrlttm**
v*»J Hayward. Vick & Clark.)
iu!!L?, 0rk * S . ,tv - »•—»• ». Bnehe k Cu.
0,1 , New York eloae of Wed-
newiay was due to show an advance of 2H
Pp 1 . 0 **; Opened quiet and unchanged
from yesterdny’s dose: At 12:15 p. m. was
sLofta 5 *.!® 1 hHClOH net higher on near and
fJMJ 8 hicher on late mouths, compared with
Wednesday. Snot cotton quieter at 8 points
hither than Wednesday; middling. fl.TSd;
sales today i,000, American 6.100; specula
tion and export 500, imports 1,000, American
none. 1 euders new dock 3.000.
Liverpool records a marked advance over
the holiday. The outlook favors higher
prices. I be depression scents to be fast
passing uwuy, and the trade appears to be
waking up to the fact that a abort crop will
r i , , , .\ front .. ,,,p ■Pinner. The foreign situation
still continues to be the lever which la lift
ing the market. We are bulls, and favor
purchase* on the recessions. The govern
ment estimate and private report* will fa
vor the hull side, and we look for sharp
advances before Christinas.
A b? u t 27,00Q notices out. Shearson z.109,
X. e L d JP°»JHubbard 10.500, Freeman 6,200,
Rich 600. Hopkins 7.700.
Scblll selling the market off.
Wall street commission hohses buying
with little for rale. ‘No new feature, but
shorts are very nervous over this persistent
buying and light receipts. Think cottou a
good sale on these upturns.
Average estimate of 140 members of the
Liverpool exchange is 11,935,000.
are H *• *»• bids: December
10.95. January 10.66, March 10.79, May 10.88.
Hood, Fornie St, Co.. Liverpool, cable the
following: “.Serious shortage not only of
American cotton crop, but all other outside
cotton crops, becomes more apparent al
most dally. W« expect a permanent ad
vance.”
A cable here says large business done In
Manchester In American yarns.
They say the .Memphis cotton exchange
estimates crop at 11.992.000.
A scramble on the parr of the ring shorts
sent May to 11c. As soon as this demand
was satisfied It broke to 10.93 quickly. The
market .is entirely a local affair at the mo
ment. L '
New Orleans, Nov. 29.—Hayward, Vick Sc
Olark: Weather map shows heavy rains In
the central and eastern states. If the mar
ket opens up well wp think there will he
some realising nnd a setback. W’e sre get
ting near 11c nnd week-end selling Is uue
today.
Looks like short scare Is in swing and no
reaction. Will probably go higher up to
bureau day, but we should have some let-up
orer Sunday.
Liverpool cables: “Futures Improved on
heavy buying of Jnnusry-February by Weld.
General opinion here bullish. Short Interest
small pending bureau. Market sustained by
speculative bull movement and strength In
tne South."
Southwestern Cotton Buyers’ Association
of Texas estimates the Texas crop nt 2,330,-
000 bale*.
Good spot demand. Never aaw much small
offerings at this season of tho year. On
sales so far today the market should be
presses lu Texas showed ss returns by these
compresses to November 23 they have com
pressed 63.364 bales this year against 282,987
whole of Inst season.
Many think Price Is In a bad fix and will
be forced to cover.
Market looks pretty strong. Looks like
going well through lie today.
Bull feeling 1s growing owlug to cqntlp
Spot ninrket on prices paid today should
bo quoted 3-16 to He up. Middling 1-16, sta
ple was bought at ll%c; good demand with
little for snle.
Movement at Interior town* very bullish.
Receipts at most places only about 40 per
cent of last year. Very little gain In stocks.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
BOGS-Dnll,
LIVE POULTRY—H,2s dull. « cent,;
chicken*, frit,. 22H930C. Duck,. Peklo, 35c
MCh; puddle. Me each. Turkey, actlra, U,
“nf^EBSHD POULTRY—Turkey,.
tctlre. 20e pound; frit, nctlre. S>0
sen,. Ifc pound: duck. drawn, rancy, U<
sound.
PRODUCE—Lnrd, lie pound: Mm* tetlTfc
Me pound: ahouldera nctl,,. lOOlle pound;
aide, actlra. Jlc pound; hntqer. Its:lie per
pound; baeiwnx uctlrc. «r round: hnn,»
(bright) nctlre. 16c pound. Itnllnn X Che»t-
nnt. 9c pound.
FRUITS AND NUTS-CItron, We pound;
almond,, 18c pound: Brnill. 14c pound:
Filbert,. 13Hc pound: Kngll»h walnut*. 18c
lb. Pecnn,, IZHc lb. Fig,. 0-o*. pkg, iHe.;
12.o*7 pkg. 15c. Lemon peel, 17(4c_ lb.
Drang, pool. 17)4c lb. Lemon,. f,nry j|«-
ran,. 38.7MH.00; bnunu... J«o lb.: lint.*,
Florida «tock. 60c 100. Pennut, In »ncki tiTjr-
, el nit 100 pound, ouch, owing to xratj-.
Sc pound. Florida orange,. IMIS:
,1 tipplon, H«lK4e: drind peochet. lV
,_j. 61.9 box. Doten, 1-lb. pockogt, 7He.
L. Untiltl,. 12 bo*. Mired mill, 26 and 601b
lto*e«, lie. Grape,, Concord, 61b lm,ket.
20c. M»lngn. per keg. $MW. Appl-,. New
York. S4.5Ot06.6o. Crnnberrie,. Ill barrel, 60c
"vegetables—Potntoe,. per bubal. 9Jc
etl; ,weet p<itntne«, II. Onion,. 11.10 bjjh.
Hninlah, 11.50 oral,: krum 54 Urral. 33.75;
Jtuttlib. 1*. f'elery, SMI90c , bunch: per
crate 8 to 8 doieti, 15.25. Cauliflower, 10(13
lS^'pound. Lettuce. 32.2302.60 per crate
Turnip,. 114c pound. Florida heana, S1.6C
19?* pound: baking powder. S5 ran#: Ir«d
•nlmon. 36 cate; Plnb **Imoii. I4.I6 ca«a:
cocon. 46c; chocolate. 4344c: anulT, Wb J«ra,
41c: root beef, 12.30 caae: tilran (New Or-
lennai. 35c gallon: corn. *>£,ij? 11 ""• P 0 .*"!*
33.200390 cane; peanut,. SHc: rope. 4-ply
cotton. 22V4c: «oap, cm,.
C CANDY—Stick, a,sorted »V4c poond; ntlek
Mrt ,d. ,cn L l,oxra Mm qra|n
FLOrn—Hlghsst patent. SAW: best pst-
ant, 65.78; standard patent. 68.60: half pat
ent. 18.25: aprlnc wheat patent. W.2».
TORN—No. 2 white (old erop), 79e; choice
white (old crop), 80c; mixed (new), 75c.
Tracked corn, Im pound sack. 61.90.
CHICKEN FEED-Ffftv-pound sack*, ft;
Purina chleck feed, 61.96; Purina scratch
feed, 61.95; Purina feed, 175-pound sacks,
’’oATS-No. 2 White. 33c; No. a white. 32c;
No 2 rolled, 60c; Golden oat,, 68e; white
r *!ti^AL—uiftln. 96-pound ,»ek,. 77c; 4S.
pound rack,. 79e; plain, 24-pound aaek,. *te:
‘nAV-TImethr. choice large hale,. 31.26:
do*, choice «mell bale,. U.20: No. 2. ll^W:
No. 2. one-thlrd halea 31.* Bermuda. 96e.
8IIORT8—Choice white. 61.80: fancy, fl.iO;
hrown (75 pounds), 61.60: bran. 61.60.
COTTON SEED MEAT^-Prlrns per toi^
j25.oo; No. 2 per ton, 624.00; bulls per ton,
PROVISIONS.
rROVISIONS—rremlum hama. 14)4c: M-
llc 204125 pound, average. 9*.e: fat back,,
7Ve Sliver Leaf Iprd, lOHc. Jewell corn-
noiind, 8c. Cellfornla ham,. 9c. Ex-rlbi,
,,i0 ‘ OAGGINO and 'ties.
bagging-144 lb.. 1054c; 2 lh IlUe; 2«
lh, llHc: re-rolled isecond hand). 7%c.
TIES-K’ew, 61.17H bunch; second-band,
GROCERIES.
nICE-Jap, *H eenta; bead. 6||7c: fancy
heed. according to the grade.
CHEESE—Fancy full cream. 16Hc; Georgia
cane ayrup. »cgallon; ralt.W 3g.ndn.Wjil
axle gresae; 11.76; soda crscsers, «He pound.
Isa sa n£ : .
sfe.¥JBnfiMS
SIJOAR-Standgrd granulated ».h»; New
York refined. 4%: plantation. 4%<\ ,
COFFEE—Kddkted, Arbuckles, IlMJ; bulk
to bag* and barrels.13c; green. 111112c.
Fbredded blsrnlt. *5.00 c*se: No. 2. rolled
Mtx 63 29 case; sack giita, 96-nonnd bags,
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively'* twenty-five
years* experience of ed*
(ting markets In Atlanta
j and the South has made
| him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
TIPS FLASHED.
From Wall Street.
-J. 8. Dacha * Co.‘.
. Itrong % to % higher.
Csnndlnn Pacific la the exception and fell
»«. Amalgamated Is also fractionally lower
in sympathy with other copper* In that
NAME OF, STOCK.
Atual. Copper ....
Am. Ice Securities . .
Am. Sugar Refinery. .
American Smelting . ,
Am. Car Foundry. . .
American Cottou Oil .
Anaconda
Atchison .\ . ... ,
do. preferred . . . .
Atlantic C. Line. . . ,
Brooklyn Rapid T. . «
Canadian Pacific.
Chicago Sc Alton. . . .
Consolidated Gas. . . .
Central Leather
do. preferred
Colorado Fuel k Iron ..
Corn Produce. .». . . .
Colorado Southern .
Delaware k Hudson . .
Denver k Rio Grande .
Distillers* Securities. •
Erie
do. preferred. . . . .,
General Electric . . . .
Great Western v . . ..
Great Northern pfd. . .
Illinois Central
luterboro .
do. preferred
Kansas k Texas . . . .
lit
110H
111%
NAME OF STOCK.
kansas k Texas pfd. ..
Louisville Sc Nashville..
Missouri Pacific. . , .
Mexican Central. . , .
New York Central. .
Northwestern. ....
National Lead *
Norfolk k Western. . *
Northern Pacific. . . .*
Ontario k Western. . *
Pennsylvania. ....*.
Pacific Mall *
People** Gaa Co.. . . *
Prbsseil Steel Car. . i*
Reading *
Rock Island •
do. preferred. . . .•
Republic Iron k Steel. *
do. preferred. . . .*
Southern Pacific. . . •
Southern Railway. . •
do. preferred. . . .•
St. Panl *
Tenn. Coal Ac Irou. . •
f sxas Pacific
nton Pacific
, S. Rubber
do. preferred
U. S. Steel
do.preferred. ....
Western t’njon. . . . •
Wisconsin Central,
do. preferred. .
Total stock sales today. 695,900 shares.
Lank* are preparing to resuui
payment* all over the country,
ravornble statements of earning
NEW YORK.
bee.. . . .I10.94lli.26
Jan 10.62110.85
Feb.. . . .10.7110.71
March.
April. .
May. .
, .10.84>11.06
, . io.su 11.00 . .
.Il0.77ll0.97jl0.75
steady.,
11.17-19110.9&96
10.77-79 10.56-56
10.13-85 10.64-66
10.89- 90 10.70-71
10.94-96 10.74-76
10.98-99 10.78-79
10.92-93 10.76-77
10.90- 91110.74-75
LIVERPOOL.
Following figures give the opening range.
t p. m. and dose, compared with yesterday:
Futures opened steady.
Opening „ Preylou*
Range. 3 p. m. Clot*. Close.
Nov. ... .8.87H-5.89 5.87 6.93^ [..MH
Nov.-Dec. . .5.75 -5.78 5.7«H §-f
Dec.-Jan. . .5.77 -6.7R 5.76
Jan.-Feb. . .5.78 -5.80H 5.79
Feb.-Marcb ..5.81H- '
Marcb-Aprll .5.86 -5.82H*
Aprll-May . .5.81
Mny-June . .5-81-5.83;
nosed firm.
NEW ORLEANS.
J
i
5
’J
li
I
t
sl
C-V
Nov.. , . .
Dec
Jan
Feb
March. . .
April. . , .
May. . . .
June. . , .
July. . . .
ia69|H.M
10.84 11.0?
ifc®fti2
m97M.*i9
ii!68lti!26
10. Mi 10.96
10.S2 10.97
io.wjaw
iboftliu’o
jlO.97
10.96- 96 10.82-63
10.96- 98 10.79-SO
10.97- 99 10.78.79
11.00-01 10.82-kl
11.0204'tO.M-85
11.084)6 10.X9-90
ll.Ot-11 10.91-92
11.14-16 10.96-99
Closed barely steady.
NOTES ON GRAIN.
Pointer? on Provisions.
Special to The Georgian.
(From Hayward. Vick k Clark.)
Chicago, Nov. 29^—Bartlett, Fraxlcr
Carrington: Foreign advices atate that the
market weakened on reporta df rain In tho
Bombay section of India. Thl* probably
will canse lower market* hero today, but
tho strength of the situation Is unchanged.
Wo have already aold about all the west
can spare this country, and we still be
lieve In higher prices. „ . .
Receipts of coarse grain* are Tery light.
Tho demand shows signs of improvement.
We still believe there will bo extreme
scarcity of corn here during the month of
December. The farmers do not «eem dls-
r »seil to sell at present prices.
Chicago Record-Herald: It Is expected
that the regular government report Issued
December 10 will show a smaller winter
wheat acreage than that aeeded last yen?.
Tho wheat crop of Canada, Including On
tario, Is officially estimated at 88,00,Ow bn.
or 24 per cent less than tho eroujof 1906
and 18 per cent lesa than that of 190G.J Hed-
retary Fowler’s report of the crop of the
Canadian Northwest made tho total 64.675,
average of 12.9 bn. per aero. The
western view of the Canadian figures wn*
verv btillieh. It was counted that not oyer
5<» per cent of the Northwestern Canadian
erop was of grade sufficiently gn^l for i$Ill-
lug nml seen.' . 'j ,
Local flour millers are doing a very good
business. One of the mills Is hooked ahead
ami is running full'both on foreign and
domestic business, while the other Is run
ning fairly strong on domestic trade almost
exclusively. Minneapolis mlll^redueed their
flour output last’ week by 86,000 lirl*. and
had only a limited trade.
Frederick Harrlao~ *
lately been through
ncHned'to th<T belief that
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN .AND PROVISIONS.
C*rondtlet and Gravl.r 6t*» New Orleane.
MEMBERS:
s: gas;ter ss ajs?a«jgg^g«a
***«»«% v ......
d. •. BACHE & CO., AND BARTLETT, FRAZIER & CARKINBCON,
oaiVATS WIRES TO ALL POINTS.
as well as through the leading American
grain markets. Is Inclined* to tho l»ellef that
Interior reserves of wheat are very light.
“Financial condition* are a bit eaaler, and I
think that tbf American grain merchant
w«ll soon discover that he has sold enough
wheat for the preaent,” he said yesterday.
Corn men are watching th«> Illinois crop
with much more Interest tbnn usual. There
Is a wide diversity of opinion as to the
quantity that can be got hero lu tpuo for
delivery on December contract*. A major
ity of yesterday’* advices Indicated that
the corn waa too damp for shipment, but
that there would likely be quite nn increase
In shipments next week If the weather was
good. Believers In lower price* for De
cember corn figure that on accpuot of tho
financial situation the *■* * “**
maud will be of the ....
mouth aort, and that It would not require a
great deal of actual corn to supply the
wants of local bulls.
Brootnhair* agent at Sydney now estl
mates the exportable surplus of Australia
at a minimum of 15,200,009 bn "** “
estimate of this year** crop
34.700,00 bu.
Frank I. King, of Toledo, says that while
foreigners concede that American wheat Is
on the bargain counter, they seem to l»e a
little shy about taking advantage of the
fact.
onditiona are fait veering around to nor-
I In the shipping trade In corn and ontt.
Eastern distributers plainly had depicted
stocks and they were bidding good prices
here to replenish them. Htock* both of corn
and oat* here are very low. One of the
oats shippers said that the dally receipt
re hardly equal to local requirements.
Before another wheat crop Is raised in
..... Northern hemslphere the world will go
Into n period of scarcity such as has never
before been kuown,’’ Is the opinion of W. H.
Crosby, who was laying wagers yesterday
that May wheat would sell at 81.40 per bn
In the life of the option
One of the resftlts of the recent big de
cline In the price of hog* has been the
erection of the pld primitive style of smoke
house* by farmers pretty generally through
the corn and hog country. These smoke
* built very cheaply and farm
... i pretty generally cutting n
few bogs out of their herd to supply, their
winter meat. Tbla Increase In the country
killing has been hastened because of the
failure of local butchers In the small**!
towns to keep pace with the decline in the
price of pork on the hoof.
Lyle, of New ^ork. saya: “Europe need*
300.w0.000 bu. of wheat before August 1 and
at best can get but 100,00,00 bu. from Argen
tina Where Is the other 200,000,000 ha.
ramlm from?" Tlra altot, Imllratn wKlilr
NEWS WAS BEARISH
IN EARLY I
Resulted in an Opening at
Near a Cent Decline From
Wednesday.
ST. LOUIS CASH QUOTATIONS.
Chicago, Nor. 29.—Wheat opened weak at
%G%c lower tbnn Wednesday’s close. A
lotyer. market In the pbrthpvest. together
with Heavier receipts than estimated and
dtsap$>olntlng cables, were the principal fed*
torek 1 The estimate oq ibe/Russlan whpat,
crt>j>*1* IS’per ccht bVftCT than previous
predictions.
Corn and oats opened at a decline of HO
t e Jn sympathy with wheat.
Provisions opened 10c lower generally, but
recovered the Joatf In the first fifteen roln-
te* of trading on twitter priced. of 'Uv*
:6ek at the yards. t .
Wheat closed lower. Corn was dawn
He. and oats doclined Provisions
left
oft with small changes.
CHICAGO GRAIN MARKET.
Following are-tho Chicago grain and pro>
visions quotations for today, compared with
yesterday's close:
heretofore reported. It la probable that
there will be no wheat for export during the
season of 190«. Ho far this season exports
have amounted to about 60.000.000*bu. Latest
advices from Argeutlwr
the North has l>een
ball.
Argentina'* exportable surplus of wheat Is
officially estimated at about 146,00.oj bu.
Ho far this sea sou the exports have amount
ed to 101.072,0»M bit.
62; oysters, full wflfbt. ease; pepper,
HARDWARE. •
pr!5w~KScKjfcfiarjjip. Kc; Ferguses,
AXES—67 per doten bsaa.
cot 62.69
* Min?>r-IIcrse. 64.2534.T5 keg; mule shoes,
^TLBH-Paiotcd. 62-30; cedsr, 88.601
May .. 102%
July..
CORN—
Dec. .. 64%
May .. 65%
July .. 56
OATS—
Dec. .. 46J4
May .. 60H
July .. 46%
PORK—
Jan. ..12.65
May ..13.00
LARD-
Jnn. .. 7.66
May .. 7.65
RIBS—
Jan. .. 6.70
May ,. 6.85
96 %
102%
97%
94*4
102
k
WEATHER REPORT.
WKATHCR CONDITIONS.
A storm area has mo red eastward along
the gulf coast durlug the last 24 hours,
causing general rains over the south, heavy
in Alabama, portions of Georgia and the
Carolina*. Rain was falling this morning
at Atlanta, Thomasvllle, Savannah. Charles
ton, Augusta and Wilmington. The center
Is nn extensive area of high pressure, ac
companied by clear weather and lower tern
peratures. The high area la central over
the middle Rocky Mountain region, with
Its crest extending from the north Pacific
coast southeast Into the lower Mlsnlsslppl
valley. The area of doudlneai la now con-
The advance of the northwestern high
area will cause fair and colder weather
In thin section tonight and Saturday: min
imum temperature tonight about frceslng.
Minimum and Maximum Temperatures
an^|'Rainfall.
84%
65
54%
Sa fig fflt
43?, 454, 453,
32.7® 12.4244 12.46 12.45
13.10 12.724, 12.75 12.30
7.'5?4l T.Gi, 7!«& L474,
Abilene. . . .
Amarillo. . . . ,
Asheville. . . ,
ATLANTA. . . .
Augusta. . . . .
Rlrmlugbtm,
Bismarck
Buffalo. \ , . .
Charleston. . . ,
Charlotte. . . . .
Chicago. .....
Cincinnati. . .
Corpus Christ!.
Davenport. . . .
Dodge
El l’aao
Fort Hiulth. . .
Galveston. . . .
Havre. .....
Huron
Jacksonville. . .
Jupiter
I Kuiimss City. . ,
53 Key West. . . .
66W Knoxville. - - -
55%;
47%
CHICAGO CAR LOTS.
The receipt! of grain In car lots today and
estimated receipts for tomorrow are aa fol
lows:
Wheat
Corn
Oats
Hogs, head. . . ,
Today. (Tomorrow.
THE LIVE 8TOCK MARKET.
Colon Htock Yards. III., Nov. 29.—HOG8—
Receipts 23,000. Market strong to lOe high
er; light hoes, 64.20414.65%; mixed, 84.Z7C4.76:
heavy, 64.To; rough. 64.29C4.30; pigs, 8S.80G
30; yorkers. 84.&C4.60.
CATTLE— Receiptm 8,500. Market steady
beeves, 63.aittS.50: cow*. 81.1604.60; Texas
steers. 83.1003.90; calves, ;68v7: Western
rattle. 63.5O04.9S; yearling*, 94.6q08.S; lambs,
63.7503.60; Western lambs, 63-7^94.76.
LIVERPOOL GRAIN MARKET.
Wheat opened %0!8 lower, and at 1:10
p. m. waa 1%01% lower. Closed 1%®1%
lower.
Corn opened at % lower, and at 1:60 p. m.
was % lower. Closed lower.
THE SUGAR MARKET.
New York, Nov. 29.—The domestic refined
sugar market was ateady and unchanged
with all refiners doing business on the basis
of 4.70c lesa 1 per <*ent for cash, except the
Federal Hugsr Refining Company, which Is
doing business on the basis of 4.66e net
less 1 per cent for cash for fine granulated.
Local raw sugar markets steady. Ixmdon
beet sugar market Is firm, with November
and December up l%d each at 9* 4%d.
ILW: Dort.nt »tl Rttrartl itmok.lM,,
k,(( 3U.3»; 44 kff, 85.73; 1-Ib. r.nlit,ra, JL
* ti p— mt’. Iroirtorf mankaiH, ))0 w!
r07VDER-34.57: kslf test. Stn. 44 i.Z
4er. 1-lb. cans. 61
HHOYRIJS-S3 to 811 per doxss.
CARDM—Cotton. 64.78 per doxes.
PLOW BLADES—8c per pound.
fBON-m " " “ “
24W ,,r poQDtl b,„; Sw.d., «4Ve
BU«’, : KET*-P»ln>. 3LT0 .MM; wblt, c»
—n. 84.33.
>cv. 84U4 dot,a.
•‘Sfrri
itr. Ibra, b«>tn. 84.33.
CHAINS—Trara. *4434
GU-*: POWDER—Tkr k,,. AuU. crack
Angeles, ,
Memphis.
Meridian. . . .
Mobile
Montgomery. .
Nashville. . . .
New Orleans. .
New York. . .
Norfolk. . . .
North Plutte. .
Omaha
Pale*tlne. . , «
Pittsburg. . . .
Portland, Me. .
Portland. Ore. .
Rapid City. . .
St. I,nui*. . .
St. Paul
San Francisco.
Thomasvllle.
Vicksburg. .
Washington.
Wilmington.
Max.
M A HURRY, Section Dlrsctor.
WEATHER FORECAST.
Washington. Nor. 29.-Wsatber conditions
ami general forecast;
The southern disturbance has moved east
ward to northern Florida In very moderate
form, »nd mis# continued In the Houth At-
lauilc and east gulf state*. There were also
local rains and snow* In the lake region.
New York and New England. lu the inte
rior of the country the weather baa l»eeii
generally clear with high pressure and low
temperatures.
There will he rain tonight In the South
Atlantic states, followed by fair weather
Saturday. In the middle Atlantic states,
the lower like region, the Ohio valley and
the east gulf states the weather will be fair
tonight and Saturday. It will be colder to-
uight In the Atlantic states.
Forecast, till 8 p. m. Saturday:
Virginia—Partly cloudy tonight; showers
In southeast portion: colder In southern
portion; Saturday fair; fresh northerly
wind*.
North Carolina and South Caroiina-Raln
nud colder tonight;, Saturday fair; fresh,
“osslbly brisk, northerly winds.
Georgia—Rain and colder tonight; Satur
day fair; fresh to brisk north to uorthwest
FI6H.
pound: snapper.
ept In extreme southern portion; Satur-
day fair and colder lu southeast portion;
variable winds, becoming northwesterly and
freeh »•> brink.
Western Florida-Fair and colde^tonight;
Saturday fair: light to fresh rmrtW?*
rinds.
Alabama-Fair tonight; colder In eastern
nd southern portions; Saturday fair; light
o fresh northerly wind*.
Mississippi-Fair tonight; colder In south
east and extreme southern portions; Satur
day fair and warmer; light northerly winds.
NAVAL STORES.
Special to The Georgian.
inarket.
The situation generally Is improving, nnd
— * resume currency
. Some very
_ iga by Indus
trial companies are published this morning.
Including Republic Irbu and Steel and
Pittsburg Coal,
Among the railroads the October state*
meuts of Colorado ami Southern are faTor-
»bh? enough to attract attention.
Mr. HUT expects Great Northern to show
a very heavy Increase for November, de
spite I Mini lie** reaction.
The news over the holiday altogether I*
of a very reassuring character nml will
gjjjJjMj be reflected In a higher market
Weakness In Gould stocks caused tem
porary hair Harriinnh stocks holding up
well, also Reading.
range declared 1 per cent quarter
t ulrtjjend on Copper range wn* 1%
.. , . little. It
should tie good for an ndvsuce of moderate
proportions, as the reports from the com
pany are very favorable.
^Jake Field Is bidding up Smelters now
One of the largo banks this morning called
65,000.000 In loans. This caused an advance
III call mouey.
Financial Bureau: Bullish operations are
again likely today lu the stock market.
will be met on further bulges. It will prub
ably be the wiser plan to take profit* on
strength on at least part of holdings. Pur
chases on reactions are favored. If the buy
er will be careful In hi* selection. The
dally operator will tee that bis best policy
Is a division of operations.
leaders appear to bo Reading and Uulon
Pacific, although the offerings In the latter
hare not yet been entirely removed. These
two stocks, according to the best Informa
tion obtainable, are purchases upon all re
cessions. We favor the Hill stocks; also
Northern Pacific and Great Northern.
Town Topics: While the market leaders
have continued strong, tve regard tbla as
practically entirely due to short covering
and manipulation. Under cover of this
there hns been heavy selling, -esneelallv In
such stocks as Pennsylvania. New York
Central, Ht. Paul nnd Amalgamated. This
has been long stock put up as collateral on
marketing loans, and there Is every reason
to believe that there Is a great deal more
of such liquidation overhanging the market.
There may be little business doing today or
tomorrow on account of the holiday break
ing Into the week, hnt we regard the out
look for the next week aa decidedly unfa
vorable and would take adifiintage of strong
spots as they appear to ^*11 stocks.
The efforts to arouse confidence In the
ascending quotations for copper metal are
not regnrdcd in the trade as calcnlated to
be successful, especially ns the demand
from the actual consuming Interests Is na
backward as ever. Indeed, we remain ex
ceedingly bearish on copper metal and the
Copper and Smelting issue*, and we believe
that very much lower prices-will rule dur
ing the next few weeks.
Union Pacific and Rending will probably
again he subJert of manipulation today, but
these stocks also, lu our opinion, may be
sold on the rallies with full faith that they
can be recovered at marked concessions
from the present quotations.
The demand for spot eotton continues
rather disappointing, and we would sell
both cotton and vsheat on bulge* for tnrns.
Early London prices for Americans come
strong nnd higher. The Rank of Englnnd
rate of discount Is unchanged at 7 per cent.
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Ronton. Not. Following wan the bid
nnd naked prion of Georgia Railway and
Elrotrlo t'ompnnjr today: Aaked 71: bid 78.
No market for preferred.
MONEY AND EXCHANGE.
New York, Nov. 28.—Money on call
609; time Ioann dull; 6n daye 9; “
dayn and nix month! 10012.
Pouted rate*: Sterling exchange <4.81
04.8750, with actual bunlnea* In bank
er*' bill* at 34.862504.8630 for demand
and ni 14.7975 for 60-day bill*.
Prime mercantile paper unchanged.
London bar allver 26 ll-16d. New
York bar silver 57 3-4c.
Mexican dollar* 461-2e.
COTTON SEED OIL MARKET.
HI BETTER PRICES
Rumors of Probable Reduc
tion in Dividend in Goulds
Caused Weakness.
GAINS ENTIRELY LOST
In Ten Minutes Trading
Losses Averaging a Point
Were Recorded.
November.
December.
January. .
March. . . .
May. . . .
Closed steady. Sales, 8,500 barrels.
ATLANTA OIL MARKET.
26%&27, January
THE COFFEE MARKET.
Tbs following figures gives the opening
inge and cIo*** ln ***** v —• v».l
market today:
05.60
April
May
June
July
August
September
October
November
December .. „ - -- --j S.S566.9Q EM
Closed steady. Sales 23,500 Ugs.
MAY A8SI8T TO REBUILD
8HOP8 AT WAYCROS8
Special to The Georgian.
Waycross, Ga., Nov. 29.—The execu
tive commtttte appointed at a Joint
meeting of the stockholders and cred
itor* of the South Atlantic Car and
Manufacturing Company, recently
Wayerose, will meet at the offices of
the car company this afternoon to dis
cuss Important business matters.
Among other things that -will come
before this * executive meeting will be
the subscription amounting to about
670,000 In cash and $10,000 labor from
the citixens of Waycross for the re
building Issue of stock.
market opened this morning with the g*
ernl list showing advances when eompnrcti
with the closlni; of Wednesday, rumors <>f
probable reductions III the dividend* of the
Gould stocks and the probable calllni; "C
loan*, which are secured by these share*,
unsettled the market, with the result that
f ;aln« established In man/ stocks dur-
iig the first ten mluutes of trading were
Wiped out and losses averaging a point re
corded In I heir places.
Liquidation of Missouri Pacific continued,
that stock losing 1% points. Selling nt
Western Union was responsible for n de
cline of 4% points.
I^ndon wsa Irregular. The Bank of Eng
land discount rate remained nuchnnged.
Wheat was off alwwt le a basket, while
cotton was 80c a bale higher.
Trading on the curb market was quiet, but
steady.
New York. Nor. 29.—The stock nisrket
opened almost geuerally higher, aa follolv*:
Erie, Great Northern Ore and Southern Pa
cific %, st. Paul % and In all %. Pennsyl
vania. Smelting. Steel common and Brook
lyn Rapid Transit 2. Steel preferred %.
per cent
f -J the close
Wednesday. Atchison opened % higher.
New York Central %, and Steel preferred %
higher. Heading opened % higher and de-
At the* end of ten minutes’ trading the
market was IrregulAr within a»very narrow
range.
Western Uulon. with a sale of $90 shares
at 56, established a new low record for the
year. A few moment* biter 100 shares were
sold for 64%, a lower flgnfe than any re
ceded since 1893, Its last and moat Serious
leprrssion. There Is
stock, hut It Is well i
held. ’
After mid-day the .market was steady
with Arm tone for the most part,
weakness In the Gqjild stocks did not
seem to have exercised any consider
able sympathetic influence, and on
very small dealings there was a dis
position to cover short*. Bear gossip
for the moment takes the form of
throwing doubts on early resumption
of work In the steel- «districts and
among the print mills of Nsw Eng
land.
Easier money, however. 1* expected
to offset rumors of the kind, especially
as many works were shut down on
SCdount of Inability to handle the wag i
question with tho shortage of currency
Closing bids follow: *
Railway Stocks.
Atchison .4 74 1-4
do. preferred 80 3-4
Baltimore and Ohio
Canadian Pacific
Chicago and Northwestern ..
Colorado Southern .. ... .. ..
Denver and Rio Orande .. ..
Erie ..
Illinois Central
Louisville and Nashville .. ..
Mexican Central ..
Missouri Pacific
New York Centra)-.,
Pennsylvania .. ....
Reading ,. •.
Rock Island .. ..
do. preferred .. ..
St. Paul
Southern Pacific
Southern Hull way
Union, Pacific
Interboro-Metro .. . .
do. preferred
Great Northern
Miscellaneous.
Amalgamated Copper .*. ., .,
American Car and Foundry
American Locomotive .. ..
American Tobacco .. .. ..
American Cotton Oil .. ..
American Smelt, and Ref. ..
do, preferred
Brooklyn Rapid Transit .. ..
Colorado Fuel and Iron %. ..
International Paper
National Biscuit
National Lead
Northern Securities
Pacific Mall
Pressed 8teel Car
Sugar
United States Stoel
do, preferred
Western Union
Mackay Companies
do, preferred
Vlrglnla-Carollna Chemical ..
. .118 3-4
..134
.. 171-4
.. 19 1-4
.. 151-4
..12.3
48
.. 96 If2
..no r-2
.. 8?1-2
.. 1.15-8
.. 32
.. 99 5-R
.. 71,5.x
.. 111-4
. ,114.1-2
. 7-S
1$ 1-
. 40 1-4
. 212-4
.. 761-2
171-2
.. 341-4
..104 3-4
. 261-4
.. 84 7-8
.. 58
. 48
THE LONDON STOCK MARKET.
Amalgamated Copper
Anaconda .
Atchison
do. preferred
Baltimore and Ohio ..
Chesapeake and Ohio ..
Chicago and Great West..
Canadian Pacific ..
Denver Rio Grsude
do. preferred ,. ..
Erie
First preferred ....
Second preferred ..
Illinois Central .. ,
Kansas and Texas
do preferred ..
Ijonlsville and Nashville..
Mexican Central .. ..
Norfolk and Western
Northern Paclfit- ..
New York Central ..
N. Y„ Ontario X Western
Peuiisylvnnla
Philadelphia and Reading.
First preferred
Second preferred
Rock Island
Southern Pacific * ..
HL Panl .. „|
Southern Railway
do. preferred
Union Pacific .. .. .. ..
U. H. Steel I
do. preferred j
FIRH-BrMin. .c puono: uappw Sc p»r r.hiIii Cm; mIn, £2(3; r»*l|>t.. 5.446:
a@ rwv- u c *
FRANK IIAWKINS, President.
B. If. ATKINSON. Vice-President. TIU»MA» C. ERWIN, Cashier.
JOSEPH A. M’C’ORD, Vlce-P«iWe«t V, W, uthus, Assistant Castries.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALHOUN.
MILTON DA KG AN.
JOHN, W. GRANT. '
II. V? MXOI'.U,
FRANK HAWKINS.
If. M. ATKINSON.
JOSEPH A M'COHD.
h\ ft. ROSSER.
DAVID WOODWARD.