Newspaper Page Text
I
THE ATLANTA GEORGIAN.
MOVEMENT VERY
BUT PORTS
Resulted in a Slight Decline
in Cotton in Late
Session.
INTERIOR ALSO HEAVY
Heavy Spot Sales and Bet
ter Tone in Liverpool *
Sustaining Factor.
New York, Dec. 6.—While the Undertone
of flits market wu a quite • ready/ Imalueu
wa« hot act I vo nt tin* opening of-the; cot*
ton trade. Tnulc win of *ii cvcning-up
character. end brokers were holding . off for
the census bureau report and the agricultu
ral department's *t a foments.
Lancashire spinners are buying heavily of
»jM)t cotton, though thefr Increased takings
are attributed 1<* the tleclfue of -the past
four i)n>s. middling having declined from
6.16 last h'atnrdny to 5.97 quoted this morn
Ing. equal to about %e In American money.
Sales today aggrtftfcted l4,$00 balea.
The opening In the future department was
■lightly better, than due on New York**
closing yeetenkiy,- flrat» price showing de-
ednes of 5 to f»% points. It.' was due'to open
t points lower. The n\arket. however,' Im
proved after the opening and the close was
steady and Unrtftfinj£il v ta 1 2% points lower.
Following irf-.tifljt trance In* *llie v active
months lu Id»w|BW, today. „
" w^rVOpen./ High, tarn:
December 6.66 B.np t 5.©
January-February 5.57 6.62 ' 5.66%
• March-Aprll 5.1% . 6.63 5.66%
May-June 5*63% 6.67 ^ 5 61
New York opened steady^ 5 to 8. points,
which about met. expectations.? ,Vp'to irtbl-
day initial prices wore the lowest, the'mar
ket Improving immediately after the call
Some 5 to 6 point
For the moment the "big guns'* have Is-
sued their estimates, and, being well out
of the way. the market shows n disposition
to Improve, and the nttcnlion of tho afore
said “big guns" la now guessing nt the
price between the batch of estimates last
Vlonday and the issuance of the guess of
guesses—the government—on next Monday.
In the meantime the farmer Is aaylng
very little. He claims the price is now too
low. and n refusal to sell nt present prices
would have more effect for an advance than
the government's report.
The Xew York Commercial, in Its review
of the market Tuesday morning, says:
••If Is odd when one stops to consider
what Influences cotton prices, under the
present system of manufacturing prices few
Jfce great Southern staple^The market wenf
( i|l»wn Monday about cuotygh to lower tbo
*»W« c ,of the entire crop,$46.00n,ftoo. t'nder
me sysjLrur wlitHi. uinkes the price of rot-‘
.tail n 'Italef fff ooffon held In* New York has
Wore Uftyenrc oh'oolteu prims than a bale
Jpdjl . ptryWhere else .lb the%world. The
flicf that MStOO -bsldk out of a crop of 12.-
000.000 bales should have any particular ef
fect on prices seems absurd—but the fact Is
tliat 15,000 bales were tendered on contract
Monday, and because the people who flnnlly
•topped the notices allowed the notices to
drift around the market during inpst of the
weakening effect on 'prices.
NEWS AND GOSSIP
of the Fleecy Staple.
Private Wire to Glbert k Clay.
New Y'ork, Dee. 5.—Liverpool nt 12:30
lower. Was due 8 lower.
__ we should open 6ft6 higher.
Mltcbeii la buying.
New Orleans Is selling here.
The Journal pf Commerce: ' The course
of prices on cotton goods Is still upward,
and there Is little product of lower values
tor tune time t« <*mm>. Complaints nre
more numerous from bti>er**. 'if tlu*r ad
mit that good* are scarce In ail quarters,
aj.d tha Is— that caii be said for the
market prosreef is not fa\<»rable to tho*-
who lmve goods at once The cotton/Tfirn
market Is very strong, and lrayere are tind-
Ing continued difficulty in getting supplies.
The various mills have nothing to .coin-
plain of in* the way df orders."
The gin hits’ report v "« >*** »««•
12 ana 1 p. -m. M*u
will be Issued nt 2 p. in. Monday.
Orleans. Dec. f».—Liverpool at 4<|5
Jis*s not fully respond to our decline.
Was dm* 5fe6 points down. Spot sales are
‘srge.
tool cnbles: "Market touching bot-
toni. Small busbies* and limited market.
out I dental houses are buying and spin
ners are calling cotton."
Speculative selling has almost aJtogether
ceased, owing to the tentative resistance
.that the market displays, thin influence
being under the direct result of the unset
tled and nervous condition of the spot
market, . , , • . '
The spot, market is reported very quiet,
only -a fftlr demand existing, hut factors
are arftiujf mu«LH*hfgIWr prb.fa than, buyers
are willing tojfciy.,.. •*•-. . \ ’••- » .v
The Western iftreonat,Indicate* gertcrnHy,
fair nnri.Talder-woefher’ tor T*Aht‘ toeigm
and tomorrow. 'For ’the balance,‘nitisef-.
tied weather, with occasional shoWenf of
The eastern forecast Indicates rain to
night and tomorrow throughout.. followed'
by colder weather In’. Mississippi.
"Cotton Cariseriu'* In New Y’ork Conner-
It. Is probable that tho old anti-option
bill will be Introduced during the short ses
sion of oongr.es*. but tbe matter ha* l>oen
uccessfuily combatted once, and the cx-
hnnges are well organised for another
fight, even If It should prove more bitter
than the former one.
The great sentiment that ha* sprung up
In-*the Mouth against bucket shops should
not be taken nq it sentiment ngainst legiti
mate cotton exchanges.
The Idea Is that the agricultural-depart
ment lins befit Yfrtknlcd so much for
ttop thkt the District
a will make a big guess -this
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-firs
years* experience of ed
iting markets In Atlanta
and the South has made
him a recognized au
thority in h!a specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAUR OF STOCK.
Atlanta* Coast Line. .
American Sugar R*f- .
Anaconda.*
American Locomotive.
do, preferred. . •'.
Am. Bmtltiog Kef. • .
do. preferred. . • .
Atchison.
do. preferred.
Chesapeake * Ohio. .
Colorado Fnel b Iron.
Central Leather. ...
do. preferred.
AftwBreufiti^:;*;:
lotusvlHo-A Nashville. %
Mexican -Central. . ,
Missouri Pacific, i', . ;
NAMK OF STOCK*
N. Y„ Oat. A Western.
National Lead. . . *
Northern Pacific. . .
New York Central. .
Norfolk k. Western.
Pennsylvania. . . • .
People's Gas. ....
Pressed 8teel Car. .
do. preferred. . •
Pacific Mall
Reading
Republic Steel
Bock Island .’....
do. preferred. . . .
United States Rabbet.
do. preferred. . .
Southern Pacific. . } . ,
Southern Railway, j., .
do. prefdrredi . . .
Sion*-Sheffield. . . . ...
Tenn. Coal k Iron. ... .
Texas A Pacific. .....
Union Pacific.
United Btates Steel. .V . ...
do. preferred.
Western Union. .
1 W *dofj) referred.*
NEW YORK.
tnfee In New
< ii tl
York
i-
i-
//
it
s-
a
it
CD
« brtUVthb public would tliluk
- low? , /
Id. even !f l lf be'that of the
of Jit tie rent value, tinles*
has been talk before of this mail
chances are there was nothing to it. There
will ho more attention pnld tills year on
•ount of the attempt made yesterday, to
ate the Inipresflou that somelMjdy wits
Inspired.
contracts in l.slo-ashire for. anuie
iOo.ooo spindles,, Althotfgh this rpmor'lacks
idlriuntb»n^hea|^l|iai|^ ♦**—‘**» ** * , - , ' , *»
no <loul>t tlint
nr Is
vyryn
df tho
Kaat generally, but especially
day this had n weakening
pThnt the agrleultnral department should
lie allowed to uinkc a guess on tho cotton
crop is absurd, when I* Is considered that
the government usuall; makes nn absurd
guess. It would seem that the fact that
the market Urn* no ronfldenVc in tho govern
ment flgurce would rob them of Influence,
hut tills Is not the cnee. The speculators
figure that anything that bears the govern
ment seal will have a gambling luUucnce.
Just now tbe market Is not trying to guess
the crop, but to guess the government
guess.
"foist year the government made n very
mad guess. The same day (he government
made this ffu<M-»tyt earlier lu the ilay-
two guesses made In »iv Orleans.
Imth of which practically called the depart
incut figures, of coursn neither ouo
guesses had any value, when It. came to
estimating the crop, hut they wSrc success
ful Iu estimating tho government. Mmiduv
estimates riusnnted froui the same two New
Orleans sources, nnd for no other reason
than that they had been about as badly
wrong ns the government was last vear,
the market declined upon tho hypothesis
that they would again about hit the govern
ment. nnd that nil three guesses would
ugalu be about L<M0,flQe bales out of the
way. It seems unreasonable that a market
should be Influenced by this sort of stuff—
J'jit a speculative market is never reasons-
In the afternopo there was a slight de
cline from tile. 1)1 ffl| point, the heavy move
ment nt the ports ^having u depressing In
fluence.
Bend-weekly Interior movement:
IKK. 1»6. 1!HH.
Receipts 16UR5 PM 10 129,184
Hhlpiueuts 141,184 TH.t'Jo) 123,367
Btocks 433,997 422.2© 498,849
Comparative receipts at all V. H. ports:
Net receipts today M.9&7
Baum day last year 43,611
Increase 31.313
Total receipts for four davw 310,418
Banic days Inst year
Increase 1(h‘>.h15
Total receipts since Heptember 1....4.S88.449
Bsme time last year 4,225,166
Increase 363.2K1
Estimated tomorrow:
1906. 1906.
New Orleans 13.Wi to 16.» 9,020
Galveston 23,'dO to 'jti.flftt 11.903
Houston 1<S,«jOO to lS.'JDO 13,.ul
Sfovemcnt nt Atlanta:
Receipts today 2.060
Berne day last year 617
Increase 1.443
Shipments t<*»lny 2.250
Bmiiic day lost year...... !mn)
In»-ven*«* ..
Bi.s k on liaiid t<»lay...,
Bumf *lny lunt-ycSr
lucren •.*....’
Daring the last five minute* of the
•Ion. a covering mot emeu t and i.-onie hnv-
fi ‘ II | ‘ pri«»es m> to the ldah
1.350
17.495
9.834
nt of the
nt high, r
tho
.-•Ing
•tend)
SPOT pOTTOM. MARKET.
Liverpool, efilet aiid sternly; middling up-
lauds S.Tbd; fcl•■* n,w.
Atlanta, stegily; middling 105ir. . ,
New York. qujb*t". mlddllog *11«».
New* Orleans, steady: middling lu'*<*
Augusta, steady: middling lie.
Savannah, quiet; middling K*,c.
Roston. quiet; middling lie.
Houston, steady;, middling 191116.*.
Raitljnore. nominal; middling 1!V -
Yfethpbls. steady; middling 1« UdO*.
frsivestnn. middling
Norfolk. ptafdyT, middling lO*,.-.
\Y|luiingtotB|firBL!*ifiid.|lhie JAN.*/ *
Bt, Louis, fflilcfT middling JJe.
Mobile, steed; . middling lifoc.
iTisrleet**. YnUt; ml rid!'
New Orleans,.* Dec. 5.—The cnntlmied de
mand for eoitou-abroad resulting In large
sales today had a sustaining influence on
options, • closing prices showing the bare
toss nt 1 point from the previous • daft*
levels. »Bales of spots amounted ta f 1NOQO
bales 4 points lower. Another quiet day
tiled ns a result of the nest approach
If official Influences emanating from gov
ernmental sources. Condition* now sur
rounding tho trade are almost entirely dom
inated by the netlon of spots nnd a nertf >us
amt erratic qpursn which that market’tmr-
sues develops' nt time* Into a factor of some
strength, nittl im* had the effort of practi
cally eltmlniUlng speeulative*. selling. The
seml-wekly .thovemnt o;it, -today give
further a durances-of n rapidly expanding
move iron t, apd^ In fact,- the. gains that
htive Item made thus far Rn the matter
of comparisons with other years linve liven
most lil>enil. nnd especially In connection
wltli the ginning* estimates it tuny be no
ticed that from October IS to November 14.
n period of twenty six days, th«\ Increase
over tho bumper crop year In the estimnt
ed ginning* has been over a quarter mil
lion tuiles. It Is needless to say that
should the preuent ratio be maintained, the
Feb. , *.!
March. .19.2110.21 .
April. . . .110.30 10.8il.in.30
19Mfy‘42p.33
June. 1 , .
Jnly.. .
Art gust.
-110.© 10.50.1*43
■■■■■ 10.1W?
10.30 10.35 37 10.23-25
10.41110.41-43 10.29-90
7:.\ 10,45-4?
IO.5DpO.4WO l0.8$-89
Cloeed. stqarty,
10^4|10.24|10.34il0.94{40.30^
NOTES ON GRAIN.
Pointers on. Provisions.
Private Wire to Glbert A- Flay.
* <’hle««o. v Dee*. 5.-^Wheat opened fairly sc-
tive. wjth general comtnlsslou house trade.
* «r» npenetl higher on tho wet weather
through .tho,corn l»elf.
Onto opened higher on commission house
demand. - Pit crowd buying.
Commend im December 5, tho commission
on grain will be Hr. Provisions remains
the ssrtiG.
All our. commission on Job lot* of wheat
WUl.4wi*i 4 e to urn-iueinher* and Uc to mem-
•Pjovi'siqna opened cosy on scattered light
by cninmiHsloii houses and lirincd
up on local iMiylng. There is gorul demand
fl*r May lard for investment on nil breaks.
The umoiint of wheat nnd flour ns wheat
now on tho ocenus la 28.792,000; corn 18,427,-
iff) bushel*. Last year the amount nt wheat
was 34.424.000. corn 14.260,000 bushels. Dur«
Inp ‘
used 480,000, torn decreasing 7,00*3 bush-
111lira 1 department's quantitative
. timate,
and heiicn of lit tie value ns nffectitig prices,
might otUmwiso^prove a ditUlnct surprise.
PECAN CROP SHOitT-
PRICES ARE HIGH
... Trier. Te*.. after
trip tlirough flu* I'eemi
1 that the crop will be mucli
than we thought for when we
ur last report. We estimated the
its to roach seventy fl\e car loads,
now think thirty-five curs will cover
some of the large operators think
iinate i«h> hlgl-. I’rlcfs. of course,
reinelv high and n go«sl ninnv deal
rrs have refused to buy on Hint aeeotitit.
However, there Is not nearly enough to go
around, arid the consumption must Here*
hmrllv be smnller than usual. The ship-
plug hi'-iM'ti win not last long nnd after tie
Alex. Woldert,
a several days*
seetloi “ * ‘
short e
made
sbtpiui
btit wi
It. am
this e
ship.
ceks there
ig nnd a
LINING UP FOR
SOUTHERN TRUCK
!>•»<
-The
K»n •JL
Is beginning to plan _
itii \egetiible deal. Kansas Ffty I* a
lieavv receiver of Boutliern truck rlglit
throiish the wlntea and spring, and this
bnuieh* of the business is becomlug more
Importivnt with, each succeeding se!is4»n.
Shipments from Hiis on will arrive dally
from Florida. Louisiana, Texas and the
gulf coast generally.
TODAY’S POST RECEIPTS.
The following tablo show* receipts at the
Interior towns today, compared with the
sattM' dfljr jafct yehr:
Rosario cable reported heavy
rnttis lu ihe corn'belt of Argentina, Just
what was wanted.
New York reported ocean rates very
strong or —** *‘ J —
RumxJ.u,-nnd tbe l>aunbian sectldn ship*
ped last week only 3,556.000 bushels of
wheat., tom pa red with 7,928,000 the like week
in 190§. ’ America furnished. dearly 50 pcc
ceut of tho world's shipment* last
cheer up:
Uofirl'ohto estimates Russia, w ill h°t «h1p
to exceed 96.000,000 bushels’ of wheat tbin
crop year, and furthermore the 01
sueli that a lot of food wheat wll
q til red to mix with It In order t
It up to a 11.tiling quality loist year she
exported 147,5oo.»X'0, tlio year before 382,500,-
«*> luishels.
Flour stocks In Chicago are SO,500 bar
rels. compared with 75.S0O ft mouth ago and
96,0u0 barrels a year —
“F-ngllsh Importer —„
more ami more on a haml-to-moutb basin
each day.” said William Cnrutliers, the
well-known Montreal exporter. "The. Eng-
llshinau** plan Is to make ua carry the
wheat until he wants It. I sold lOO.ojn
bushels Manitoba, the only sort we deal
In. Baturday, but It was at close figures.
Ocean freights are nt starvation figures,
and rates could easily advance me per
bushel before they would la* nt n fair and
reasonably level. Mtoeks at Fort William
and Port Arthur will be pretty well cleaned
out by the, time lake navigation closes.'
lleerbohiii cabled thut Russian wheat
ports from the present crop would not
LIVERPOOL.
The following figure* give the _
range-nnd close, cojnpareu with yesterday:
Futures opened easy.
Opening
Range- gt>.n
December. ..K.66 -5.© 5.© 5.69 6.7m
Vt<r.‘Jan. . .6.66 -5.Ml 6.64 6.66
Jan.-Feb. , .5.67 6.67»4 6.61H 6.tJ2<
Feb.-Mar. . .6.58^-6.87 6.68 * — * —
Mar.-Aprtl. .5.68 -6A7J4 * 6.68 6.6
Juue-July. . .6.82*4 ’ 5-83
July-Aug. «; .6.83 * 6.64
Aug-Bept. j .6.50
. Closed steady.
-S.6S% . 6.6614 5.G0 t f ff
’ NEW- ORLEANS.
E, The felJowIgeTe th, r,n** la cattou fu-
: tnrr. la New T)rl«ia» today:
1 '
if
v
k
|?i
1 13
ilh
i
%
. .
ii
July...'. ...
ioii
ib',is
&
10.56
10.63
1032
1077
10.46110A4
10.3710.63
10.4710.62
lb.fijilft.77
!$32(ibi8;
10.57-58
10.5248
>
10.61-62
10.66-0
10.73-fl
10.80-81
10.88-89
iii.krti
M.M-35 ,
10.40-4U
10.4445
10.66-67
10.6iV6i:
10.68-67
10.71
Clostkl firm. * ’*
I ' .
HEWS FAVORED
BOLLSjN WHEAT
Pit Bulls and Commission
Houses Wore Fair Buy
ers Early.
Chicago, Dee. 6.—Wheat closed */ic higher
and there was a strong undertone, although
tongs sold. The early buying by shorts
brought Investors luto the marker late, thus
helplug the entire situation.
Corn tvne under more or less
mid times and ortts failed to hold up to the
ton prices, closing HW»c lower.
Oats were up Tic.
' Proviflotts were 6o up. .
Cash transactions were fairly active, .arid
Included sis loads wheat,-, two loads cum
and no ate at the aeaboerd. At Chicago
there -were 'tales of 274NX) bushels wheat,
40.000 bushels corn and 325,000 bushels oats.
PrimatW receipts of wheat were 860,000 bush
els and corn 420,000 bushels, compared with
“T22.00O nud 657,000 bushels respectively
year ago.
•I 'X
will rep
W.00O bushels for the year. This
•Kiit a falling off of 51.500.060 hush
Hu* 19>i6 total. Till* shortage is
I important, particularly In view
fact that the quality of the wheat
* is poor and will require blending,
tlier wheat to make It mlllablc.
STOCKS REVIEWED
BY NEW YORK SUN
New Y.irk. Dm. 5—The Sun My.: "Wry
high rate* for the use of money, both on
<4*1111 and on time, tliat passed Monday,
until regarded by tho stock market, proved
yesterday almost the only Influence in de
termining the course of values, and resulted
In general declines III stocks. Fail money
here yesterday opened at 13 per cent, .and
brink renewals lu the forejHirt of the day
were commonly nmde nt 14*-* per cent. A
promtneiit trust company, however, tliat Is
•me of tlie largest lenders of money oa th*
** f the stock exchange, did not iuak<
enewnls unfJI the afternoon was
rrifiutrUy offered on st<
k'hlle for three months'
loans 7 mid
id.
rut
lumtlis',
jaiide«L
•Mtimerelsl- jmtr-
It is
Js< ksonviilc
X
Total ] >*4957
43644
INTERIOR RECEIPTS.
The following fable show* receipt* ai tha
Interior towus tiMlay, comparvU with the
same «lay last year:
1J0S
Houston ' ITSfiO
M.'-uihVi*' !| ' w
St l.oitl* ... ... . .; will
< incinnttl. 14^.5
9)93
1K2 .
9121 .
41 1
m.r
Total . , . . . .\ 34MI
tfJ62
. Heffiefi to In* III v
whom* prolmble that this state of affairs
would have brought ut*out ii much greater
drop In price* yesterday than aetunlly im*-
eurred had it not been for a prevalent feel-
ing that tire secretary of the trea>nry would
•nice more come to the aid of the money
market through the use of one of the many
measures of alleviation that he has so often
I radioed. As ii was, although the market
.. ..— i — «■* urgent liquidattoti
CHICAGO GRAIN MARKET.
May....
July....
COUN-
Due
May....
Jnly
OATS—
Dim*
May...,
Jttly
* rORK-
Jan.... 14.85
16 K
Dec... 8.60 8.60
Jan... 8.471* 8.66
•414
3g
74%
79
78%
74
IS
w.
74
42%
43%
44%
44%
42%
444*
MS
38%
:s%
33%
33%
35%
38%
S3!4
M’i
35.05
Mil
14.87*6
15.17VS
7.97»i
8.12«{
t’ABU WIIEAT-
No. 2 red Tu'.fi
73if75 tiomlnal; n«
TtiVb nominal; No. 3 do 734)75 nuinlnst.
THE LIVERPOOrORATfTMARKET.
higher: nt 1:31 p. m.,
v P* higher.
•iipi-m-d unchanged: nt 1:30 p. tn
higher; closed tmehanged to H higher.
LARGE OPERATOR -
HAMMERED COTTON
New York, Dec. 5.—The Bun says: "In
the afternoon whit had looked like n firm
market became weak under repented and
telling blows from some large operators,
evidently reaching for stop orders In Jan
uary. Few were encountered. Signs of
resistance to the declining tendency of late
were not wanting earlier iti the day, nnd.
as might have been expected, they were
more plainly visible In the strong spot sit
uation than In anything else. Liverpool
people evidently did not regard the crop
estimates of a little tinder 12.600.00i) bales
as any very distinctly bearish factor, or,
certainly, to all appearances, Lancashire
people did nor. for tbo spot sales In the
Mg English market suddenly Jumped to
14,000 bales, and Liverpool also bought fu
tures here to some extent. Wall street
wire houses and lesdlug spot Interests
were among those who purchased. Cover
ing of shorts and more or less trading for
•n upward turn gave for a time n pre
ponderance of buying orders to the transac
tions, nud naturally the result was some
advance. Tho rim* Sva* in the teeth, more
over, of large receipts at the ports, rather
liberal arrivals at. some of the Interior
towns, relatively large estimates for
Houston, Galveston and New Orleans foij
today, and' pretty heavy selling for tho
TIPS FLASHED
From Wall Street.
Private Wire to Glbert k Clay.
New York, Dec. .5.—Marshall, Spader &
Co.: "As far as the effect of money rate*
oa the security list can Influence the stock
market tills week, we should suy tliat sup
port will be restricted and some liquida
tion will take plaice at the expense of
values. ”
New York Central increases Its dividend
to G per cent.
New York Central declared a quarterly
dividend of 1\6 per cent, which Is an in
crease of one-qunrter of 1 per cent over
the previous payment, made on October 15.
last, and plnct-a the stock on a t> per cent
busts.
Dow-Jones* summary: Americans In Lon
don Irregular, but strong In places.
President's message well received and
generally regarded as eonserrallre.
Interstate commerce commission will
have to Investigate Hurrltnan merger.
Home talk.of IQ per cent .dividend basis
for General Electric on Friday.
Norfolk will Issue 8J4.iKsi.00i) convertible
bonds, with rights, to subscribe, at par “
***0 extent of one-sixth
•and Micblj,
, — — forecasting an
dvnnfe In New York. Central rate to c per
Demand by San Francisco and New.Or-
lean* cheeks morning tendency . of. *air-
reney, but New York 1 shdiild gain heavily
from. next week forward. ......
No probability of reduction in Rank of
England hite while present money rates
obtain In New York.
Ttrelre Industrials declined 1 J2 per ceut. .
Twenty active railroads declined .26 per
cent.
Now Y’ork Financial Bureau: \Ve con
tinue bullish ou New -York Central,'which
should be bought on a sc«Ie*di>n*p on this
mmLEADER
Increase in Dividend Rato
Had Favorable Effect on
Other Stocks.
recession.
Harrtmau absorption la again, occurring lu
question that so-called
r. be. bought for
We .regard Atchison as strengthened by
he. recession, and would buy It. •>. 1
( lilted Htafss Steel and Erie are tyring
ought by Morgan brokers as offered.
A specialist says- Reading will meet good
ipport around 146, and believe It should be
ought. . *.»:<•
Our bull position on LoulatUJf and Nath
. Me is unclrtiuged.- <
Rock Island ts-held In check temporarily,
permitting speculative rrillxlnjr, but will
Jlo to buy later. .
.Smelting will meet strong support rowan’
the recent-low level.
The Brooklyn Rapid Transit pool con
tlunes to refuse the 82 stock offerlog, but
may support strongly ,on recessions.
Une--hundred and eighty la fixed ns Bf.
Paul's present support. Pennsylvania Is In
a trading position; also Southern Pacific.
NEW YORK COFFEE.
ADVANCES SCORED
Before End of First Houi
Entire Market Became
Weak and Declined.
Money at call, opened nt 18 per cent ; hlirh-
eat 32; lowest.18; Inst quotation 27.
stock market, continued during the
hour of business this morning for the s:S
reasons that obtained yesterday. Call nion. v
again Went-as high as 18 per cent and th-
average, retiewaj. rate on the stock exchin -
loans w*s* higher; even than average pH, ,
of the day, AVb.st did more than the »-\.
eesslve nfoney quotations to rnhke the st,»
ulntlve communHy; take a lest favorm
New York. Dee. 5.—The market opened
at a decline of 5^10 points, with bids at
practically the low level of the previous
dav, ns a result of lower cables and a re
newal of liquidation. But offerings were
not bo heavy as on th** previous day. and
Helling seemed to be checked to some ex
tent by cnbles from abroad announcing that
the government of 8no Paulo had completed
arrangements for another loan of I3.00J.600
to In* used In the valorisation scheme.
Jundiahy receipts for the day were a little
lighter at about 59.000 bars, against 69,000
bugs the previous day nod 18.000 bags last
veur. Receipts at the two ports were 97,-
i») bags, against 23,000, last year*—Glbert
A Olay.
shows fhq opening range and
New York coffee market for
loss reported. by the banks at the
treasury this. morning. From Fridnv
up to the end of business yesterday morn
ing more than I5,(W,000 has been paid over
by the banka, the major portion represent,
lug transfers of currency to Ban Francis o
and Neworleanr. * At the same time lute,
rior-exchange, which, up to a week ago.
■ruled'nt a % nremlumr*hss now fallen to n
discount,-iudlcafitfg-that whether temporurr
or not- the*; flow, of money Is again awsr
from New York. C’ohsideratton of what nil
this- would,, meun for the bank statement
“...the end of, the week- was the main In-
leqce In today's security market. At the
same time the report that the Interstate
commerce commission. Is about to start nn
InvestIjtatlOfFof the Ilsrrlman Pacific mnd«
with-a Airtxv'to; determining the legality ,.f
the ■ aJJet^d ;eomn)natlon under the anti-
•l r «Jfli i taws**fi|4<xi ; niore or less disturbing cf-
feet, nnd,In.th I'nloti Pacific and Southern
PacTBe Were’.rsthef exceptionally weak in
the Cariy trading. In the rest of the list
tho pfessurc to Sell was not partlrularlr
heavy, and when support appeared In vn-
rlous quartera there waa a moderate rnllr.
• ^Yqrk. Dec. 6.—The atock market
opened IrregiHsr. In pome esses the open
ing declines were partially or entirely re
covered, and In others Initial advance* were
followed- by slight fractional recessions.
Among the] stocks that were unchanged
were Erie. Missouri Pacific, Rock Island.
Southern Pacific and Sugar.
The .advance In tho New York Central
dividend rate had a- favorable effect on
that sdock,, which scored a net advance
of IH points. Some fractional advance*
were mod** after the opening on a num
ber of other stocks. Before the end of
the first hour, the entire market became
weak and prices all around the room made
material declines.
Government bonds unchanged. Other
bonds steady.
Followln
close of t
today:
today, and/ pretty heavy selling -
Mouth, especially for New Orleans, which 1 January,
for once seeius to Ik* n hotbed of bearish * eurunry...
sentiment. Mnny. however, closed out their •;l nr l '!b
accounts on whichever aide of the inurk‘*t £pru
they happened to lie, resolved to await*
the gotHroment'H reports before entering
Into new obligations/'.
New Orleans, Deo. J5.—'The Times Demo
crat-says: "Concerted bearishoff "ft* have
Wheat—Opened V* h
• lower; closed
Porn—Opened unchn
CHICAGO CAR LOT8.
Below is given receipts today and esti
mated receipts for tomorrow:
Tomor
Toils v. row.
Wheat 2« 86
165
THE SUGAR MARKET.
New York, Dec. 5.—Refined and raw
sugar steady nnd unchntiged. I.oudon beet
steady.
NORTHWEST CARS.
cars of today, last week
Today.
not brought safety to the. speculative short
seller for the reason that futures nre still
way. out of line with spots, nud It Is.
therefore, hardly to be expected that any
Important short Interest will be carried
over tbe consequential documents the gov
ernment will Issue next Mnturdny ami
Monday. Meanwhile, aeutlmentnl easiness
In tho spot division has made the way
n little less difficult for the scalper on the
short side, but hse not lucressed confi
dence In the ultimate correctness of lK»nr-
(sb opinions, proof of which fact Is found
in the very narrow and limited specula
tion. Price view* are now predicted
opinion varies widely, nnd extreme caution
Is In evidence among conservatives general
ly. A bit of bnckT__ ... ._
ket, however, would probably .......
opponents at tbe ring side to dime In short
order. At the moment, exporters ore en
abled to round up needed supplies until
*psi favorable conditions, but us yet the
.otume of such business has hardly ns-
stimed proportions sufficiently large lo war
rant a very confident attitude nmoiig the
men who have lihportnnt commitments
hanging over thetr heads."—Glbert A- Flay.
WEATHER FORECAST.
May
June
July... .... .
August ..
September
October.
November ’.
December...
Closed steady.
*,..6.10-6.05 U. CO-6.35
.""foiU.;:. .&&!«
6.394.40 O.M-6.60
cotton seeo oil.
Opening. Closing.
December 38 38 ®39
Janary flftMiOTU
February '. 36 $37 36t{§W
March.
May.
.Inly.
No sales. Closed steady.
! 36 at 36tt 36*436
86M837 M <1136%
MINING 8T0CK8.
Boston. Dec. 5.—Shannon 17H: Old Do
minion 66%; Greene 27%: Copper Rang*
LONDON STOCK MAR]
KET.
TO OFFER REWARD
FOR ASSASSIN
Georgia—Fair aud warmer Wednesday,
fid lowed by rain In northwest Wednesday
night: Thursday rein.
Louisiana ami Mississippi—Ruin Wednes
day afternoon or ulght, and possibly Thurs-
dny: colder Thursday.
Western Florida and Alahntua—Fair Wed
nesday; rain Wcduesday night or Thurs
day.
East Texas—fin In Wednesday afternoon
or night; Thursday fair and somewhat
cold»*r.
Arkansas—Iln In Wednesday; Thursday
fa Ir and colder.
West Texas—Fair ill south: showers and
colder In north portion Wednesday; Thurs
day fair.
Tennessee—Rain In west, fair in east
Wednesday; Thursday rain and colder.
Illinois nnd Indiana—Rain, turning to
snow; clearing today; decidedly colder.
Missouri—Cleartug tonight;* tomorrow
fair; colder, with freezing temperature.
• Wisconsin—Rain and snow tonight; to
morrow 'colder; cold , wave north Thurs-
* Iowa—Rain or snow tonight: tomorrow
fair and decidedly colder.
North Ihikota and South Dakota—Gener
ally fair tonight and tomorrow.
iltd (lit
rtninly very fli
h* displayed by price
rn».*' - GHtert lV Clay.
ALMSHOUSE TO MOVE |
TO OLI) HOPE FARM
to ►.'tl lttl>
Iwmsc now
tb
nt is on find for the estoltlisb
new almshouse. It is proposed
300 acres on which the aims-
sthiids «*n the IVaehtrve rot
^ to the Hope fa TO
Frank Hasrilne, President.
J l. M. Atkinson, ▼. P. TaomsajC. Erwin. AMt. Csshltr.
ossi>h A. McCord, CssMer. R. W. myern. Asst. Cashier.
Third National Bank
Capital
Surplus
. . . . $200,000.00.
. . . . $300,000.00.
DIRECTORS, J. H. Nnnn.11;.
Frank Hawkins. J. Carroll Payae.
11. M. Atkinson. R. It. Rosser.
Jinepb A. McCord. Dsrfd Woodward.
Special to The Georgian.
Chlpley, Gn., Dec. 5.—After the murder
of t'. II. Brooks had occurred last iwenlng,
the authorities communicated with I>n-
Grange and .NVwnsn tor the purpose of se
curing bloodhound* to track the fugitive,
who, after committing the crime, escaped
under cover of darkness. The sheriff of
Harris county arrived on the scene at a
late hour, but hi* dogs failed to strike n
trail.
The nssassluatlon remains a deep mys
tery.
nre planning an Indlgns-
t which rewards will be of-
city council and tlie com.
tfou meet Ing.
fered by tile
inur.lty.
SOUTHERN EXCHANGE
Oldut E-rtabllohcd Office South.
conoil STOWS BONOS—0R1II
Ground Floor Gould Huildlng. Dally
market letter and market manual
mulled on application.
iTOCKS—
TOalgamated Copjier..
Anaconda
Atchison
Baltimore nud Ohio.. ..
Canadian Pacific
Chesapeake nnd Ohio..
Kansas aud Texas.. .: .. .
_ . preferred;
Louisville and Nashville.. ,
Mexican Central
New York Central
Norfolk and Western., . .
Northern Pacific.
Ontario and Western
P«
PL
Rock
Southern Pacific....
Southern Railway..
Mr. Paul
I’nlou Pacific
‘.-lifted Btates Bteet..
Id, preferred.. .
Opo ClOl/tfcV
LIVE 8T0CK MARKET.
5.--lIogs—Estimated re-
rket steady; quality
* ,40; estl-
f'hleago. Dec.
celpts tcslay SO.OOO. Marl . ..„ . .
fn4r; left over 2.000: bulk W.2006,40
mat«il f«»r tomorrow 27,000: light $6.10fi6.4 f '
mixed *6.054*6.45; heavy $5.8&h<.43; rough
15.8566.45; pigs I5.5W.K; yorkers $6.364f«.4<»;
g<KH| to choice heavy *6.36416.45.
Cattle—Recelute 24.000. Market generally
steady; •lunlltf fair; beeves SJ.63tf7.40:
rows $1.2517490; heifers S2.26ff5: calv.»S *fvTr
7.50: gwnl prime steers 33.40ft7.40; poor to
medium S3.66ft6.30; stockers nnd feeders
S2.50ft4.60.
Bhrep—Estimated receipts-'22,000. .Market
ft6.33; lambs |4-50ft7.*5; western
yearlings k*.50
rn S4.50ft7.7d.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
RCnRZNCC. THE NEAL BANK
PHONE 14,7. PRUDENTIAL BLOC
N,w York.
Baltimore.
Boston. Chicago. Washington.
Atlanta. New Orleana. San Franclaco.
Philadelphia
London.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
county receutir .
was discussed by the inemt>ers of the county
rontnif*«l>'nen fX'otlh eedar, hut not
’billy. It I* almost certsln that the
will l*e mode.
> Mgnglsd Under Train.
fcpecta! to 'Hi.* Georgian.
••dutnhtiM, Oa . Drc. 6.—The body of
negro ln»y !4 year* of age war
brought to this city !u*t night In it
emeu* sfli’k, being In n horribly wan-
gled «--mlitIon. II? u.t* run over by
the IJirmtnghum passenger train.
The American Audit Company
100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A., Pre*. G. E. MANWARING, Vice Prat.
THEO COCHEU, Jr, Secretary.
The American Audit Company, chartered under the laws of New York,
le empowered to examine the affaire of, and make reporte upon the finan
cial condition of private and public concern* for director*, ofllcere and In-
dltldunlH. The preparation and installing of systems a specialty.
ATLANTA BRANCH, 1015-10I6-X0171018 FOURTH NAT L BANK BLDG.
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdlt, New York.
Empire Building.
VTLANTA.
Bell Phone, Main 839.
GEORGIA. ?
C iurch Elect* Officers.
Nftyl t.» Tin* Georgian,
t’olunihu*. Ga.. Dec. S.—The etecthm
*»IIU ci > .,r Trinity £;»i*eo|«4l church
ns helil M.-nday night. N
»n \va* t.tk n l<s»ktng t*» tht election
WM. L. I'RBL. FrMldeor.
ROBERT F. MADDOX. Flee Prettficm
THOMAS J. PEEl'I.EB. Ctsbl*r.
JAMES G. LEST Kit. Atelttant Caikltr.
JAH. WINDSOR. Assistant Cashier.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi-
-jnnuaiiy in our Savings Department.
LOWRY NATIONAL BANK
Designated Depository of the United States.
CAPITAL $500,000.00
SURPLUS 400000.00
UNDIVIDED PROFITS 140,000.00
A general banking business transacted.
Foreign exchange, Letters of Credit.
Corresponds direct with the National Bank of
Cuba.
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