Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, December 03, 1907, Image 13

Below is the OCR text representation for this newspapers page.

I Tiuti ATLANTA GEORGIAN AND NEWS. TUESDAY, DECEMBER 3. 13 COTTON urn IT IK Easier Cables and Lower Stock Market Were Factors. lack bull support Bears Were Aggressive Ear ly-Good Buying Later Caused Rally. v.w York 1IW. pollowlus ruler ca- hT.. anil a declin. In «ecnrltlr«, tire cotton market today owned weaker. There wn. rapport from the Wall atreet ball Inter- fit, and after the, call conalderahle bear f.rMenn caused a drop of an additional 5 «“*“ I-arger recolpta alao helped the dc- NEWS AND GOSSIP. Of the Fleecy Staple. Liverpool refined to follow the ndv i„ the American market;, op easier oalderabl.T under cjpectntlona. on which York atarted 6 to Id pollrta down, but m a recovery In Liverpool In lire late trad- lie prices steadied and advanced, after w'blcb fluctuations were nnrrow during the Lite morning session. , At the close the market was steady. De- ,ember 13 points higher.* the remainder of .the list 3 points higher to 2 points lower. N'ovenrlrer cotton movement: SSST nr.lirlit, month! 1.D30.1M 2.3827190 2.193,sl« in "‘so.tLiV j j 4)618.1527 I r.ear in Since Sept. 5,717,661 1 5.B01.4H Comparative port receipts: Saturday • Monday Tnomlny «... Total for three da/s...L Total since Sept. 1.....I 3,515, wfT "sCAlS m me. ’ v,ui Estimated receipt! Wednes^ty: v«n> Orleans ,.,,....17,090to 19,000 ijUreatou .12,000 to 14.000 iffion 7.500 to 8,500 Movement at Atlanta: Iteeeiptu Tuesday . u .. Same day last year Decrease • Shipment* Tuesday • Same day last year Decrease * Stock on hand Tuesday Same day last year. 10.125 17,685 7,560 SPOT COTTON MARKET. Liverpool, steady; middling 6.23. Atlanta, steady; middling 11 1-4. New Orleans, steady: middling 11*®. New York, steady: middling 11.70. Savannah, sternly: middling 11 1-16. Augusta, hriii; middling 11 1*16. Mobile, Arm: middling 11 1-16. charleston. steady: middling 10 13-16. Baltimore. nominal: middling 11*4. Wilmington, steady; middling Jl. Boston, steady; middling 11.<0. Memphis. quiet; middling 11 5-16. Philadelphia, quiet: middling 11.95. Houston, steady; middling 11 7-16. Norfolk, steady; middling 11*4. Galveston, steady; middling 11 9-16. St. Louis, quiet; middling 11H. TODAY’S PORT RECEIPT8, The following table shows receipts at the ports today, compared with tho same day fast year: 1 . New Orleans. Galveston. . . Mobile Savannah. . . Charleston. . . Wilmington. . 4.278 12.081 1,011 1906. 15.17S 82,291 8.226 14,015 1.044 1.777 5,611 100 1,066 8pecial to The Georgian. tFrom Hayward, Vick & Clark.) New York. Dee. 3.—J. 8. Bache A Co.: Liverpool was due 5 to 6 higher on near and 4 to 4*4 higher on late months. Opened steady nt 1*4 points advance. At 12:15 & m. was quiet net unchanged to 1 point gher. Spots steady 4 points higher; mid dling 6.2), sales 12.000, American 11,700, spec ulation and export 1.000, imports 23,1)00, In cluding 19,000 American. Liverpool comes slightly lower. More realising abroad. Reports from New Eng land of tbe resumption of mills on full time, The bull clique still after tho shorts. \Vc believe that the course of the market Is up ward and advise purchases on all the de dines. Mitchell buying. Price covering short!. Market looks like doing very much better. Hutton bought 5,000 March from Hubbard at 11:01. Mitchej! big buyer of January. llVlUAtt'l.w, mw.n 11 n nv 1.t,l,< Nordeu wires from Greenville, 8. C.: “Ex porters buying freely, absorbing nil offer ings. Local null stocks are small, but spin ners out of the market In -consequence of dulluess of trade, and difficulty to finance stocks. Spinning quality 3 per cent better than la»t year.” "?avv selling, by Hutton and Mttclic ght to be for Wall atreet. Price bro kers bought considerable, Cht have sold some the last few minutes, Japanese diffi culties being used ns cause of break. Price has bought probably 30,000 to 40,000 bales, meanwhile talking very bearish. We think he has about finished. Wall street bulls have supplied the cotton. Looks like might ease off some, but thero Is no pres sure. New Orleans. Dee. 3.—Hayward, Vick Ac Clark: Tbe census department at Washing ton announces next glnners’ report will be Issued on December 0 Instead of December 10, at 9 o’clock, our time. Market drops whenever this bulling stops, reaction most necessary. Market not sound —merely sustained by manipulation. Spot demand dropping off. Would *not buy these windy booms. in the leading houses that the requests for the cancellation of orders have become few and that there are no demands for lower prices on goods already contracted for, as the terms on which the buyers will accept the merchandise. There are orders In hand for lines and white goods tlist the Jobbers are delivering on schedule time, and they find that the majority of buyers when com pelled to are Jiving up to tbe obligations. The Importers of linens and flue atm fancy cottons stated Saturday that the expired period of *he rear has proved unusually successful for them and that they are uot worried over the delivery of their spring or ders. In one of the large Importing houses It was stated that many requests were com ing In from out-of-town Jobbers and cutters- up for the shipment of goods that would not be due until January. The buyers state In their letters that they stand ready to take the merchandise as fast as tbe Im porters can send It forward. The plans of the large cotton goods manufacturers ns the last mouth of the year opens are to op erate their mills on s conservative basis un til tbe new year. They will work steadily, but will net attempt to build up stocks. The absence of any speculative buying on the,part of Jobber* ot? other large users of cottons Is acting as a check to any mill building up n stock Of goods for tho spring. On fall of 1998 lines the mills are bolding their operations down strictly to orders. The cotton yarn market la gradually rally ing from the demoralised position and >— tntlous are not being made on future di.. ery orders as freely ns they were In the earlv days of November. In the woolen trade there is little new business paslng. The agents are getting very few repent or ders on woolens and overcoatings, nlid in dress goods the spring orders are now coming In slowly. Jobbers were busy up to the closing hour Saturday and rounded out what they declare to be a fair month under the circumstances. Added to the ten preceding months It brings the total for the expired term of the year nhove the average. Edited by Joseph B. Lively. MARKETS Mr. Lively’s twenty-firs I years’ experience of ed- I Itlng markets In Atlanta and the South has mad* him a recognized au- I thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Auial. Copper Am. Ice Securities . , . Am. Sugar Refinery. .. American Smelting . ,, Am* Locomotive .... do. preferred Am. Car Foundry. . .. American Cotton Oil . . Anaconda Atchison do. preferred Atlantic C. Line Brooklyn Rapid T. . .. Baltimore & Ohio . .. Chesapeake A Ohio. .. Canadian Pacific Chicago A-Alton. . . . Consolidated Gas. . . . Central Leather do. preferred. . . . . Colorado Fuel A Iron .. Lorn Produce Colorado Southern . .. Delaware A Hudson . . Denver & Rio Oraodo . Distillers Securities. . Erie . dp. preferred General Electric . . . . , Great Western Great Northern pfd. . . . Illinois Central Interboro do. preferred Kansas & Tcxai NAME OF STOCK. Kansas A Texas pfd. , Louisville A Nashville.. . Missouri Pacific. . , . . Mexican Central. . . . . New York Central. . . , Northwestern National Lead Norfolk & Weatern, . . . Pressed Steel Car, . .. Beading Rock Island. ...... do. preferred Republic Iron & Steel.. do. preferred •Southern Pacific. . . . Southern Railway. . . Tenn. Coal A Iron. Texas Pacific. , , . Union Pacific. . , , U. 8. Rubber. . . . do. preferred., • U. 8. Steel. . . . do. preferred. ,- Western Union. . . Wabash do. preferred. !'4*i m : ! P :j iota ;!# . i 16!t 31*. i} m ‘it m 114*1 19*41 19 SOUTHERN COTTON MILL STOCK8 Quotations by F. C. Abbott A Co, Bhl. / AbbeTlIIe common ,, ,. .... — Aiken Mfg. Co ... American Spinning Company .. 140 I 1 Wnr<-ti,j.M., Srirnr, N. C', .. ,, 75 Anderson Mills Arcade 76 Arcadia .. .. 96 Arista — Arkwright Mills 112 Arlington 160 Atherton, N. C. — Belton.. Bibb Bonnie Brandon Brook side .. .. . Bloomfield .. .. Cabarrus .. .. ,'annon Mfg. Co. Capital City, pref. .. < lmdwick preferred.. Chadwick, N. C. .. .. Kara r . ........... Clinton Clifton com Clifton, pref Cliff side . .. Cb(quota Cotton Mills Courtney .. Converse Mfg. Co HO 117 Cherokee Mfg. Co 150 — Columbus Mfg. Co — 98 Cora - 155 Total stock sales today. 879,90Q shares. NEW YORK. LIVKRP O OL. Following Is the opening range. 2 p. m. and close, compared with yesterday: Furores opened steady. Opening Previous Range. 2 p. m. Close. Close. Dec 5.8684-6.55 6,85 5.90 5.83*4 Dec.-Jan 5.85 -5.84*4 5.83*4 $.89*4 6.83*4 Jan.-Feb. . . .5.88 -5.67 5.86*4 5.92*4 Feb.-March. .5.86*4-3.82*4 Mnrch-Aprll .5.89*4-5.89 April-Muy . .5.92 -5.89*4 May-June . .5.91 -5.8914 June-July . .5.9114-5.90 July-Aug. . .5.89 -5.88 Any.-Sept. . .5.81 -5.83 .... 5.93 5.88 5.93*4 5.88 5.89*4 5.94 5.8814 5.89*4 5.94* ’ * ~ 1.94*4 5.89 .94*4 5.89 .9214 5.89 Closed steady. ATLANTA MARKETS, FRU ,T AND PRODUCE* EGOS—Dnll, 24*4fi25c. LIVE POULTRY—Iler.s dnll, 40 cents; chickens, fries, 22&'fi30c. Ducks, Pekin, 85c each: paddle, 60c each. Turkeys active, 15# — - iund. 7> POTTLTRY— 1 Tnrkevs. drawn, I^t ... ... lfe ^PRODUCE—Lard. 12c pound: bams active, INTERIOR RECEIPTS. 6.270 4,866 1,241 HAYWARD, VICK A, CLARK’S DAILY COTTON LETTER. the init two business days Is evidently well recognized abroad, for Liverpool does not follow. Futures there were duo nnout/ 10 tip. but nt one time showed a decline of 2 Mats. The market difference has been re- •laced to 68 points and an adjustment Is most desirable If we wish to preserve sound renditions for steady Improvement on tho merits or cotton. There are bad times for manipulative booms. The best and speed- *»t way to reach this adjustment would bo '•> n reaction on our slue, which Is more >han justified; whether wo get It or not de pends on the progress of tho professional 5*01, of which there Is one on agsln In York. They are having these things rtiruUrly every few weeks. our market opened about 11 lower, and mit for fear of manipulative support like yesterday the reaction wonld have gone fur ther. Scalpers bought expecting n bull hmveh, New Y’ork, and put It up 6 points. Shortly before 10 o'clock the racket started, biveraool was bought up 9 points In ten !?‘nn»e* and wires from New Y’ork said: "nil street haying: rice covering.” .V’^arket kept pace with the others, K ,nrt °* balling is being much crttl- ' *V l doe * Httle or no good to actual market* ” p,nn0r ft ire not, coming In on such . I Al a “J lln *V > t> announced n change In the ,*rf, * or the publication of the next off- and tho bureau estimate. The *111 come out 011 the 9th at 9 o’clock 1» ^’ ? n, l W *N give eottou ginned to u \ ■ I,nrl “H ">« l»« tfnnlu* !M>. weather, thero wore frlL f v V* 3 ’? 00 Fslo*. During this period, I/,’ 1 '* ^'Vemhcr 15 to »), the weather was v neran^ very bad and we may look for NOTES ON GRAIN. Pointers on Provisions. Special to The Georgian, x (From Hayward, Vick & Clark.) Chicago, Dec. 3.—Bartlett, Frazier A Car rington: The depression In Liverpool Is undoubtedly caused by the large stocks there. Can see nothing In the situation at present to eausc any decided advance or de cline. It looks hs though we were going to run into the customary holiday dullness. Receipts of coarse grains are over tbe estimate,-, but the demand la improving. In fact, most of tho sales made for Eastern shipment the last few days require quick shipment, allowing they are getting out of supplies. The Chicago Board of Trade today adopt ed a netv rule regarding contracts for oats for future delivery. Commencing this morn ing, unless specified to the contrary, on all contracts made for future delivery. No. 3 white oats will be deliverable on contracts for Mtnudnrd oats at n discount of 5c a bushel. Parties having open trades In oats Hnd wishing to close the same, will be care ful to specify in seuding the order “old style," so us to close open trades. Unless directly stated nt the time the order Is sent we will consider all new business tit sent uudor tho new rule. Chicago Rocord-H?rahl: “Europe Is Jnst now about as badly demoralized financially ns the United States was a few weeks ngo, said n local cash grain man who Is In touch with the export trade here and at the sea board. “This explnins WHEAT IT OPENING WAS SHARPLY LOWER Foreign Crop Reports More Favorable and Markets Were Lower. ST. LOUIS CASH QUOTATIONS. YVheat—No. 2 red winter , Corn—No. 2 Oats—No. 2 . ..98 . ..57*4®58*4 ...48*4 our ver- depressing 1 they will he quieted 1 will be buying on a cables, in a few weeks down again abroad and will be buying large scale from actual necessity. Australia appears to be out of the shipping list, until her new crop comes In nt least, and Is not that much to bo supplied from America. (b-W r.'Jjr:- p™**"- a, tbeTiS«Sn£ m pvi™ .h., year Is almut right on tho present showing - shipments from competitors. If they ins fnl 0 S- 300 * 000 bales n probable show- **4iKTiJr e , otn, ng census. This would be bullish, sand might lead ttebJo!!! 1 l! 1 ,ho market and buying In an ts a f!? 811 bureau estimate which 1* h.JS! for Publication on December 10 at n*!# \r?it 'f however, pen- *m#n dl*appolnted In expecting a ■•nd IhnnR ,,wln « to ft ■***»» censa* t*y »hp 0U ii b ^ ,lr * n ,nind the r^ent remark ft!** * »n *f# r ?L 8rjr ot *«riculttire regarding .1,* * pt the crop. t'Ht ‘^mand for spot cotton. Sow 1lt W88 * h ^ ‘ft* 1 ww, k- SBf -“'"Wber contracts have yet to be Mi,. ’ ^berwlse buyers are inclined to bo 13*4c nound; English walnuts, 18c tr>. reruns, 12*4c lb. Figs, 6-qz. pkg. 7V4<>-; 12-os. pkg. 15c. Lemon neel, I7*4c ,1b. Orange peel. 17Y4c lb. Lemons, fancy Mea- *ena, 83.75C4.00; bnnnnas, 8*4c lb.: Hmea, Florida stock. 50c 100. Peanuts In sacka avor- aging 100 pounds each, owing to grade, 6*4680 pound. Florida oranges. $3®3.25; dried apples. 12fill*4c; dried peachee. 14*fc. Fig*. 81.25 box. Date*. 1-lb. package, 7*4e. u L. Raisins, |2 box. MIxwl nuts, 23 and 60-lb boxes. 13c. Grapes. Concord, 5-lb basket, 20c. Malaga, per keg. 85416. Apples, New York. 84.50©5.50. Cranberries, 111 barrel, 60c ^VEGETABLE*—Potatoes, 'per bushel. 90e sweet potatoes, 8«©90e. Onions. 61.10 bush. Hpunltb. 11.50 crate: kran* H barrel. 63.75: Danish. 1*4. Celery. 85ffi90c a bunch; per crate, 6 to 8 dosen, lo.ffi. ^CauHflower, 10® 1244c pound. Lettuce, 62.2MI2.60 per crate. Turnips, 144c pound. Florid* beans, 62.50 crate. FLOUR AND GRAIN, FLOUR—nighest patent, HMi best pat* ent, S5.7B; standard patent, 65.50* half pat* 'nt! «.»; iprln, whVnt tintrnt, «.s, CORN—No. i white (old crop), »c; choice white (old crop). Me: mlied (new). Wo. Creched corn, )'0-nmind.«ck. 11.90. CHICKEN FBItD-MttT.ponnil KrU 1): Purine chlcck feed, $1.95; Purine ecretclf feed, 11.95; Purina feed, 175-pound aacki, *‘oAW-No. 3 white, 53c; No. 1 white, SSn; No. 3 railed. Me; Golden oat,, 51c; white '“iSEAi^Pialn. M-pound Mcke, 77c; «- pound ncke. 79c; jilnln, -(-pound ucki, tic; ? nAY-Tlinothv. chnlce'lnrae Inin. 11.3(1; do,, choice Snell belee, ti.M; No. ! |1M: %*6hT«.Je , %«M^.%L , Si brown (75 pno-I^K 11.50. PROVISIONS—Premium heme, 14He; hel- llce, 30*25 pounds averute. 9%c: fat backs. TV. Sllrcr Leaf lard, HMc. Jewell com pound, Se. California baroe, 9c. Bi rlbi, ,!4C ' GROCERIES. RICB—Jap, 5H cents; bead, 6117c; fancy cane arrup. Me fallon; aelt.100 pound,, 50c; axl, 11.75: Md, crack,ra IV pound; lemon, Ic; ojriter, 7c; barrel cendy. per pound, CHc; mixed, per I iwunde. tV: tome- IS?.“ a l ‘pounds^ ntS’eam'iT^wMi; M nary been,. 12.90; L ma bean., 7c; byt tnetehe, per *ron. I1.C6: macaroni. «54C7« pound: eerdlnee. mnetnrd. 11.50 ceee. 8COAR—Standard urennlated 15.15; New Tork refined, 4t«: plantedon. (V COrPRR—Roosted. Arbuckle,. til.00: bulb in bam* end barrel,. l*c; arson. llffUc. Shredded Meenlt. M OO ceee: No. t rolled Hti, 15.* oe; each frtre. M-ponnd bin, 17; oretere. full welabt. «7.» cn»; pepper. He pound: bekln* powder. IS -»ee; red •almon. » ca«e: pink ea Ira on. 1410 caee; cocos. 45c; chocolate. 41V: enufT. Mb Jore. 41c: roaet boef. K.S0 caie; nlrep (New Or- (sen,). «c rollon: corn. »• rollon: potoel 13.3603.90 care; peanuts. «*ct rope. 4-ply cotton. 22Hc; eoep, 11.5004.03 caw. should full off further, however, we mlcht bo nblc to booet our price a little hlrhoc, nt tenet until tbe Argentine offers lucreaec nntcrlnlly," TIPS FLASHED. From Wall Street. Now Y'ork, D«><\ 3.—J. K. Bache A Co.: Lart IjoihIoii prices show soma race very from early depression. New York Central up 44. Union I'aclrtc *4, Pennsylvania and Reading *», Rock Island 44, i.t* hfwn ofT 1, [gsmated 74. Canadian Pacific *44. South* Pacific 44. I’nlon Pacific ?4, Steel, Chicago, Dec. 3.—YVheat opened lower, but rallied after the first rush of selling. 8. Ixive and scalpers sold at the •tart. Declines abroad were lffa at Liver pool, 44 at Budapest and 1*4 at Berlin. The European visible Increased 476,900. The for eign crop reports were somewhat more fa vorable. \ • Wheat closed 446144c lower; «*»rn was off 44#44c; oats wore 144c off nnd provisions were up 10®1744c. NEW ORLEANS. Followlug fa the range in cotton futures in New York today: | d tl £ 1 2 s i i II Dec Jan Feb.. . . . March. . . : June. . . . July. . . . U. 00111.02 10.9511.10 ioiwiuB iijiifti H47IU.22 10.97111.02:11.00-02 10.94 11.02 11.02-03 11.02-04 10.98| It.06; 11.06-07 1 11.06-08 11.07HU6 11.15-16 flUllS 11.16 11.22111.24-26 iLOikoi 11.06- 07 11.06- 0S 11.10-11 11.10-12 11.18- 19 11.19- 21 11.28-30 Closed .(.arty. . ■.■ ■■ ! WEATHER REPORT. WEATHER CONDITIONS. Cloudiness prevails In the upper Missis sippi valley and eastward to the coast and snow was falling this morning at Kf. Paul, Buffalo and Oswego; elsewhere clear weath er Is the rule, with no precipitation In the last 24 hours. The pressure has decreased over the entire country except In New York and New England, where It has iuercased considerably since yesterday morning. The corner of lowest pressure Is now over east^ ern Tenuossee and western.North Carolina, while that of greatest pressure Is near Yel lowstone Park, having remained nearly atu- tlonary during the last 24 hours. The tem perature has risen over the Ohio and upper Mississippi valleys end the eastern half of the cotton belt, but along the eastern slope of the Hockl n 3 it has fallen slowly. Light frost occurred Inst night In the vicinity of Mobile, Ala., aud Jacksonville, Fla. The conditions favor fair weather In this section tontght nnd Wednesday; somewhat colder Wednesday. CHICAGO GRAIN MARKET. Chicago grain und provision quotations for today aro as follows, compared with yesterday's dose: WHEAT— Dec.-.. 95 May .. luljt July .. 96*2 OOBN- Dec. .. 5444 May .. 654? July .. 65*4 uo OATS- Dec. .. 46*4 47’ May ..60% 54 July .. 45*4 46> PORK- Jan. ..12.72*4 12.75 May ..12.97*4 13.20 LARD- Jan. .. 7.80 7.93 May .. 7.75 7.87* RIBS— Jan. .. 6.92*4 7.00 May 6.95 7.10 944, % 102 | fit 46* h 47% 504. 52*4 45*4 12.72*4 12.75 12.97*4 13.10 7.80 7.90 7.77*4 7.82*4 6.92*4 6.07% 6.95 7.02% ern Pi ci M IUI » HIGH * in IU1-- Til mm, VUU9- moo and PD*ferre<l, 44. Consols strong up %d. There Is nothing new lit the situation abroad and profit-taking on our advnueo la the only reason for tuo early depression. The Berlin financial situation (s reported to be Improving. Tho movement In Reading was In antlcl potion of very favorable report to come this week, and will probably be carried further. The shorts covered a good many of their contracts yesterday, but-thero Is still s con siderable uncovered Interest. There was some talk of more harmony-be- tweeu Hill and Ilarriman Interests, which accounted for the betterment in both those gronps. Tho president's message will be given out today, aud will be awaited with great luterest. The market Is expected to show some Irregularity, but tbe tendency Is still for higher levels. Heaviest covering was An Smelters, Read ing and Steel stocks. There has been no demonstration against the shorts In the big railroad' stocks as yet. Heavy gains by banks from sub-treasury yesterday regarded favorably. Extensive short covering In Kmelters, Reading and several others. The Pennsyl vania snorts will probably have to nm be fore lt Is over. Currency premium for the majority of ^neactions runs about 1*4 P«r cent. There were a few trades at 1*4 P*r cent. Brokers' ds for currency run *4 to T4 of 1 per cent. New Y’ork Financial Bureau: following HAYWARD, VICK & CLARK, COTTON, STOCK8, BONDS, COFFEE, GRAIN AND PROVISIONS Carondal,t and Gravlar St,., New Oriaana. MEMBERS) iSi vIS,“ 1 » K»tton RiThang,, Now Orl.ani Future Bcok.r,' AMocUtlon. Eichtnjo. New Orlun, tnfl Chlceo Baard, of Traila, ■ •* Cat10n Exchange, New York Coffee Excnange, ** Cotton Exchange, Associate Members Liverpool Cotton Asia . • _ York end Chicago Correspondents: *»• BACHE 4 CO.. AND BARTLETT, FRAZIER * CARHINBCON, PRIVATE WIRES TO ALL POINTS. Ing the recension rather abruptly, continued to aeok ita truo Investment level under ex isting, conditions and some further bullish specialty work is not unlikely today. The best results will, ns stated yesterday morn ing, be found In buying on the recessions. The purchases on bulges may result in a tving-up for s time, and we do not believe such a practice wise at present. Wo regard * * n recovery from the natural races* 2 to 3 ni>lnt» yesterday morning with nn opparent scarcity of offerings to anxious shorts ns being Indicative of Im provement In fundamentals. Bear stops with manipulation forced the rapidity In tbe afternoon, aud It was nguin demon strafed that liquidation is under control, though not rtnlsned. ‘ ds fu thee ugly iinw-.u . , Union Pacific. Southern Pacific Hending. Not them Pacific, Great Northern preferred, and Brooklyn Rapid Transit art on the up-grade. Smelting la rising chiefly on short covering, as near as we can learn. Amalgamated must take tbe 52 level atock before lietter prices enn b«* seen. Pennsyl- vsnls shows a gain of strength. Mt. Panl will meet a good deal of stock toward 104, 11 m stated. New York Central shorts mar carry It up a little above par, nt which of ferings are found. The general active list of worthy stand ards Is likely to run Into n lot of stock CHICAGO CAR LOTS. Wheat. . . . Corn oats. .... Hogs, head. Today. Tomorrow. LIVERPOOL GRAIN MARKET. YYheat opened %01d lower, and at 1:80 p. tn. was l*4<ffl% la lower. •losed 1%**2V4 Corn opened *4 lower and at 1:3® p. in. was HIHsioWcr. Closed %tf*4 lower. THE LIVE STOCK MARKET. mixed, 64.6606.15; heavy, 64.w05.15; rough, 80004.75; pigs, &9004.80; yurkers, 84.*$ CATTLE—Receipts 5,500. Ylarket slow aud steady; beeves, 63.2006.40; cows, 81.150 4.60; Texas steers. 6303.80: calves. 1506.65; Western steers, 83.1006.15; stackers nnd feedsrs. 62.1004.10. 1 HHEEP—lte«*e|pts 16.000. Market steady and slower; native, 64.10; Western^ 9:04.90; lambs, 63.7506.25. COTTON SEED OIL MARKET. Dcccintier. January. . Febntary. , »1> Closeil very quiet. 14*403564 tW8*4 36 036*4 Abilene Amarillo. ; . . . Asheville. . . . ATLANTA. . . Augusta. . . . , Birmingham. . Boston Buffalo charleston. . . Charlotte. . . . Chicago Cincinnati. . . , Corpus CbrJstl. Davenport. . . , Dodge El Paso Fort Smith. . . Galveston. . . . Huron Jacksonville. . . Jupiter Kansas City. . . Key YYest. . , , Knoxville. . . . Los Angeles. . Macon Memphis .Meridian Miles City. . . . Mobile Montgomery. . . Nashville. . . . New Orleans. . New Y'ork. . , , Norfolk North Platte. . Omaha Palestine. . . . 1'lttsburg. . . . Cortland, Me. . Portland, ore. . Rapid City. . . flt. Louis. . . . , St. Paul. . . . San Francisco, . Stmtiiuuli. . . . Spokane Tampa Taylor Thomasvlllc. . . Washington. . . Wllmlngtou. T. mition | ..VHP Eagle and Plienix .. . Eflnl. N. C Elmira, pref Easlex f hleu ton, N. C, .. Bioroe Enoree, pref Erwin, preferred.. .. Exposition Fairfield Florence Gaffney Mfg. Cjk •• Glen Lowery, pref. Granltevllle. 8. C .. ■ Gray Mfg. Co 1 Grendel 1 Greenwood Highland Park Highland Park, pref Hartsvllle Henrietta Mills Hoskins, N. C John P. King Mfg. Co. .. .. .. z J9 LONDON WAS LOWER ON PROFIT TUNING Resulted in General Decline at Opening in New York. _, \ EXTENDED OVER 1 PT. Trading Was Active With Fluctuations Covering Moderate Range. Bv New Y’ork. the first hour of the stock market today caused -securities to advance from 2 to .» points. Smelters was a leader nt 4*,4 points advance. St. Paul and Reading each ad vanced 2%. The opening deals reflected the heaviness In American stocks prevailing In London, ami at the end of fifteen minutes' trading losses averaged l point in the standard is sues. At tills point the shorts suddenly be came frightened and started to cover with s *t»Ht#rs advanced from 74*4 to «9*4. HI. Paul from 100% to 108. Head- Ing from !*'2*4 to 95, and Union Pacific from 115% to 117%. New York Airbrake was the feature at the opening, advancing 3% points, while the lending securities declined. .Su gar declined to luf»% bemuse of news with Mr. llavemeyer's business. Just liefore the president's message was published nt noon there wits u reaction averaging 2 points from the high figure. Wheat was about %c a bushel lower. < ottpn opened lower. After middny the murker was very quiet, showing a heavy falling off In volume of . nisliiesM. Traders considered this was not 1 together a bad sign mm were usually In- lined to buy the market when It comes dull after a reaction. They thought, bow er. there was long stock for sale. Cloning bids follow: Railway Stocks. .. 717-8 Louise Mills. N. C Louise 51111s, pref. .. . I .owe 11 Lumbertou Marlboro Cotton Mills., Manchester 51111s Mills Mfg, Co.. . Mills Mfg. Co. pfd.. .. Modena Cotton 51111s.. . Mollohon Mollohon pfd Monarch, S. C Monarch. N. C., pfd.. . Mooresvllle, X. C. .. .. Newberry Nokomis Norris 51111s., Orr I’* cole t Reiser Mfg. Co Piedmont Mfg. Co Olympia preferred ’’olhnin, Gn., pfd .'elhain. Gn.. eoninioti.. . Piedmont Wagon Works.. Pell . City. AU Poe W. F. 51 fg. Co.. . Richland, 8, C„ pfd.. .. Raleigh Richmond Spinning Co.. , Riverside Mfg. Co Haxon Sibley. Qi Social Circle .. .. .. ,, Hniingsteln .. .. . Statesville Cotton 51111s.. . Salisbury Trenton. X. C .. . Tyron. S’. C Turn pan, S... ,, .. . Turn pan. H. C., pfd Tuscsrorn .. .. . Toccoa, Ga Toxaway Union-Buffalo, 1st nref.. Union-Buffalo, 2d pfd.. .. . Vance . Victor Mills, H. C Walhnllu, S'. C. (Int. added) Warren Mfg. Co Wnrran Mfg. Co. pfd., .. Washington 51111s Washington Mills pfd Watts.. .. .; . Wsf# Shoal* Wlscassett Whitney Woodruff..- .. .. ., ,, . Woodside WllliaiiiHon Wood Ride pref Atchison do. preferred Canadian. Fuel tic Chicago and Northwestern Colorado Southern Denver and Bio Grande .. Krta Illinois Central Louisville end Nashville .. Mexican Central Missouri Pacific New York Central Pennsj-Ivanla Reading Hock Island do, preferred 8t. Paul Southern Pacific Southern Railway Union Pacific do, preferred Wabash .. Interboro-Metropolitan .. ilo, preferred Great Northern Miscellaneous. Amalgamated Copper .... American Car and Foundry American Locomotive .... American Cotton Oil .. .. American Smelting and Refining 76 5-8 ..151 3-4 ..134 1-2 .. 19 3-8 .. 193-4 .. 16 3-4 ..1241-8 . ..92 1-3 .. 14 3-4 .. 49 7-8 .. 96 3-8 ..HO 7-8 .. 91 7-8 .. 15 .. 313-4 ..1001-8 .. 72 1-2 .. 12 7-8 ..115 1-8 .. SO 9 5-8 ..116 .. 49 7-6 do. preferred Brooklyn Rapid Transit C. F. I. National Lead Pacific Mall Peoples Gas Pressed Steel Car Sloss Sheffield Steel .. . Sugar .. % United Staton Steel .... do. preferred Western Union do. preferred 911-8 36 ..106 .. 261-8 .. 871-8 MINING STOCKS. Boston, Dec. 3.—Opening: North Butte, 41%; Mnhnwk. 4 8*4; Arizona-Commercial, 12; Shannon, 10*4; Atlnntlc, 10; Fruit, 113; nnsnnon, ju**; aun Massachusetts Gas, 47. WEATHER FORECAST. Washington, Dec. 3.—'Weather conditions and general forecast: Ififn pressure continues hi tbe Rooky Mountain and plateau regions. In tbe cen tral volleys pressure Is low over a rather largo area, without any well-defined center. lake region. Irt all other districts fnlr weather prevails, with little change In teui perature. The weather tonight and Wednesday in the Washington forecast district will l>e mostly fnlr. In the lake region and the middle Atlantic states local snow is prolm MONEY AND EXCHANGE. New York, Dec. 3.—Money on call 5061-2; time loans steady; sixty days 10 pep cfcnt; ninety days 10; six month* 15. Posted rates: Sterling exchange $4.8104.8760, with actual buxlnex** In bankers’ bills at $4.86100 4.8615 for de mand and $4.8004.8025 for nixty-day bills. Prime mercantile pAper unchanged. London bar sliver 26 1-lGd. New York bar silver 57 3-4e. Mexican dollars 45 1-2c. Boston. Dee. 3.—Following was the bid nm! asked price of G«>orgki Railway and Electric Coni pit hy today: Asked 7o. No market for preferred. THE LONDON 8T0CK MARKET. THE COFFEE MARKET. Tbe following figures gives tho opening .ange and close In the New York coffee market today: ble. not ATLANTA OIL MARKET. February. 28086*4. ‘Wheat was ou an actual supply uml de mand basis for slMiit five months, but the financial trouble Injected speculation Info the market and for**ed a decline, sub! John Barrett. “Foreigner* bought very heavily during the early stages of the decline, and they are taking out their whest and taking off their hedges in the open market. This nd ill ' a bout 4 nr points higher, according to re- Is canning •■digestion ami in s measure ports receDed. count* for the sharp bulge today," Storm warnings are displayed on the Washington coast. Forecast until 8 p. in. Wednesday: Virglnlu—Unsettled weather: probably to il snows this sfternoon or tonight; partly cloudy Wednesday; fresh variable winds. North Carolina—Fair tonight and tomor row. except rain or snow tonight In ex treme northeast portion; fresh westerly winds. South Ids—Fair fresh 0011 ill westerly winds. Western Florida, Alabama and Ylitalafppf Fair tonight and Wednesday; light west- Kentucky . | . _ _ Tennessee—Fair tonight and Wednesday. I.nulalaua—Fair tonight and Wednesday; light westerly winds on the coast. Texas—Fair tonight; warmer on the coast. Wednesday fair; Tight northerly winds on the coast. Oklahoma'And Arkansas—Fair tonight and Wednesday. NAVAL STORES. Amalgamated Copper. Anaconda . ... . Atchison do. preferred Baltimore and Ohio .... Chesapeake and Ohio. . . . Chicago and G. Western. Canadian Pacific . Denver Itlo Grauda do. preferred . . Eric First preferred .... HccoDu preferred .... Illinois central; .... Kansas and Texas . ilo. prefet.'rffl ..... Louisville and 'Nash. Mexican Central . . Norfolk and Weatern Northern. Pnclflc . . , New Y'ork Central . . N. Y., Ontario and West.. Pennsylvania , . Philadelphia and Reading.. First preferred . Second preferred . Rock Island . . . Southern Pacific . St. Paul Southern Railway . do. preferred Union Pacific .... 116*4 United States Steal . 26*i do. preferred ......] 1 Hk 112*4 C'3% Atlanta National Bank ATLANTA, GA. C. E. CURRIER. Preildent. H. T. INMAN, Vlce-Preildent DEO. R. DONOVAN, Cashier. JAMES 8. FLOYD, Aulitant Caihitr. Capital $500,000.00 Surplus and Undivided Profits $650,000.00 We Solicit Your Patronage. «t (.-.Httt*,: . __ Roafti firm; m!<*. .. __ _ „_ waterwhitc. 66.85; window glass. 66.10. 65.35: 51. 64J0; K. 63.75: !. 63*j3.l5; II, 62.9 a; 62.Y*93; F, K, «2.!*93; D, C, B, 63.7'tfjX Edward Moyse. Hugh F. McElroy. Louis Lichtanhsin. EDWARD MOYSE & CO., Cotton Brokers, 82 BEAVER ST„ NEW YORK. MEMBERS—New York Cotton Exchange, New Orleans Cotton Exchange. Liverpool Cott .n Asaoci.ition. ORDERS SOLICITED FOR THE PURCHASE AND SALE OF COT- TON FOR FUTURE DELIVERY. MARKET LETTER MAILED UPON REQUEST. CORRESPONDENCE INVITED.