The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 05, 1906, Image 12

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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. sssgsasgBMftBgiBsaiasg^^