The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 07, 1906, Image 12

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THE ATLANTA GEORGIAN, fUIDAY, DECEMBER ENGLISH CABLES mm lower Reflected by Sharp Early Break in Cotton in New York. FEEBLE BALLY LATER Market Was Professional in Character, Outsiders and Spinners Holding Off. New York. !>♦*«•. 7.—The undertone of the lorn! cotton market At the outside this morning was steady nnd bnslmtst fairly oc- tire. After the rail. the wiling pressure be- esine rather aggressive. and the opening de- • line of 6 points wns Increased to iwBll IKiInts. Local operators were the chief sellers, porsumnbly on stop orders. The Liverpool market for fntures dosed easy 'ftfrilft lower, from the opening dis playing unexpected weakness. As usual In cases of sudden weakness In that market. It was attributed to Egyptian selling, and Is a favorite method of the American bear to break prices through foreign selling. Egypt serving the purpose as well as nuy other country. Following l. — months lu Liverpool Open. High. Low. r».r* mih ..r>.r,7 r>.&9 5.54ft ..5.69 5.69 6.55 ....5.63 6.64 6.69*4 December •„».£} tjM January-February 6.67 6.69 March April May June Spot wns marked down 6 points, making middling 5.97d, spinners taking only 7,000 IniIcs at the decline. The New York market for futures opened steady 4CT6 points lower for tho active months, nnd during the morning sold down IlffI-' points nddltloiiHl. It Is a professional market, the outside holding aloof, while the spinner,Is to n great extent transacting business at first bands, thus leaviug the bulls and bears o.n the floor of the exchange to light It out among themselves. The movement continues on an enormous ■rale. the estimate nt the ports being 68.0W * - *“ 47,349 actual Jast (tales, compared with NEWS AND GOSSIP of tho Fleecy Staple. 1 — ifii . ..... basis, we should open lower. Liverpool cables: “Egypt Helling.** The board of managers have just an nounced that curb trading will not be per mitted. Market here broke on Liverpool selling and Now Orleans estimate for tomorrow. The Journal of Commerce: “The volume of the •demand Is being sustained so welt that the point has been reached whore cau tion Is being exercised openly *ln the ad^ coptnneo of business'for deliveries going ah»-ud of June, 1907.” New Orleans, Dee. 7.—Llverpol at 4ft down Is a shade better than due on closing. Was expected 5ft points lower. At the moment, market Is steadier umored report of large cotton Are in II on, Tex. If this report proves groundl .he weight of the exceedingly heavy movement expected will probably exert con siderable pressure on price*. No news of spots yet. Very little business Is reported thus far ' ‘ However, the In ots today. first Frldaj Mid that there may Ih» some narrowing of differences between middling nnd the low grades. The western forecast indicates fair weather throughout, with rising tein|H*ra- lures tomorrow. The eastern forecast Indicates fair wen fli er tonight and tomorrow throughout, with much lower temperatures. ‘ New York telegram has Iwen received to the effect that the national glliners report, to l»e Issued probably tomorrow, will show about 9.900,000 bales ginned, and an estimate of the crop of about 11,800,030 bales, excluding (Inters. New )Niles by Secretary Hester, of urleaus exchange. . M . Hnperlntendont King, of the New iork exchange, makes the movement Into sight for the week 5*7,841 bales, flgalnsj 444,181 last year, and for the season so far 6,292,- 831, against 6,857.513 Inst yettr. Bombay movement of cotton Is ns follows: 1906. 1905. 1904. Receipts. 1 83.000 92.000 69.000 Shipments 17,000 211,000 3,000 Alexandria receipt*..310,000 320,000 300,000 Hester's statement of crop movement: Overland f..r vr.-. k, 'S» %tl Jug HI nee NepteinlHT 1. 345,366 904,704 378,962 III sight for week.. 691,448 419.616 608.668 Since September 1.6,332.849 6.921.030 6.639.892 The market from ralddny to the close dis played n steadier tone, an advance of soma jOnll points from the low point taking place, the close ls*lng steady net 5fifll points wircr. ..... Comparative receipts at U. K. ports: Net receipts unlay 60. e*! Miuie day last year L.349 Inrraitw 13.886 Total receipts for the week 438,792 Haim* week Inst year... I net' Total receipts sine Same time Inst year— Increase Estimated tomorrow: Sept. 290,060 148.742 1 4,716,739 4,292,416 424.323 1906. 1905. New Orleans 17,000 to 19,000 6.306 J.'olveston .! 21,000 to 24.000 14.437 Houston 14,600 to 15,600 11,218 Movement nt Atlanta: Receipts today 1.156 Same flay lust year.. Increase Shipments today Same day last year Increase Stork on hand bslny... Haiue day last year Increase 2.225 650 650 16,816 8POT COTTON MARKET, Uverpnol. steady; middling uplands 5.96d; ■ales lO.ono. * Atlanta. <|Ulet‘, middling lOftc. New York, quiet: middling 10.96c. New Orleans, steady: middling 1084c. Augusta, quiet; middling lie. St. lentils, quiet; lubtdllng He. Savannah, quiet; middling 10 716c. Houston, quiet; middling 10 11 -16c. Baltimore, nominal; middling lie. Galvrstnnfi steady; middling ‘ 10ftc. Charleston, steady; middling lOfto. . TO DAY'8 PORT RECRIPT8. The following table shows receipts at the Interior towns today, compared with the same day lost year: New Orleans. . «is I vest on. . , . Mobile Savannah. . . . Charleston. . . WUtnlngton. . , Norfolk ■ Baltimore. , . . New York. , . Boston. . . , . , Philadelphia. . , Brunswick. . . , New|K>rt News. . 60734 | 47349 INTERIOR RECEIPTS. The following table shows receipts at the Interior towns today, compared with the same day laat year: Houston. . Augusts. . Memphis. . St. Louis. . Cincinnati. Total. 37313 G1BERT A CLAY’S DAILY COTTON LETTER New Orleans. Dec. 7.—Liverpool cable* were again favorable In lone, their views Indtig btiMil upon the gcucntl excellent cm dltlon of th«* spot market, sales in which amounted to l liale* at a loss In qnotu tbms of 7 p«dnu. options, however, were subjected to considerable liquidation, ow ing to the near proximity of the Amoil can government's estimate*. Today'* tuar ket was distinctly an unluteresting affair, dominated first by tin* report of a large cotton fire lu Houston, which afterwards proved Insignificant, ami then by the in Ihteitee of an exceedingly lll»eral movement. But with the small interest that the mar ket now holds, it tens ouly untural that pri"e changes should rule comparatively narrow and Incommensurate with the In fleeficra nt hand. The absence of a strong ►not demand Is also a factor which of late has proven slgnlttcautlv favorable to lower levels and augmented by the constantly In creasing tlxc of the movement, naturally gives rise to beliefs that now prevail to the effect that consumption of an uiimlstaka- Me character must bend‘forth furnish more than n tentative tnfluenee in creating high er levels. DRY GOOD8 MARKET ITEMS. New York Commercial. . „ . _ A* an Pittance of the strength of tho fine yarn goods. It can be stated that a well known ticketed cambric which threeftuonth* ago sold at 9*4 cent* 1* now sellings for ad vance at 10% cents, more business offered thsn the mill can possibly handle. The difference In export* of cotton goods to Chinn during October of this year as compared with the same period In 1966, namely, 8.796.M7 yards this October, us against 29.828.023 for October, 1906, Is causing much comment In the trade. It la stated by commission merchants thst their mills report lu some Instances 25 per rent of the looms as being Idle through lack of lalmr, while their order books are rowded with contracts calling for Immedl- ite delivery nnd for months ahead. Htaple cotton goods are steadily stiffening up. First hands In this market state that . ineertaln about placing next March ore now »r" deliveries oi not due until the end of February. On fine dress prints the only in being able to get good* stability pin price Is beyond question, and many look for goods now* held nt values to remain sd for an Indefinite period.' On heavyweight cottons It was stated yes terday by n number of leading commission houses thst orders have been accepted call ing for August and Hoptqmbor delivery, nnd that the largest price n6w prevailing wns obtainable on any* good* for nearer ship ment. - Delivery on heavy cottons, especially ducks, drills-and heavy twilled gbods. can not bn made Inside of four to five mouth*. A scarcity of labor to operate looms Is one of the main factora In reducing the volume of goods coining forward. Mills can secure large additional business on their terms if deliveries could l>e assured. The lending handlers of blenched cloths state that market conditions are becoming stronger dally, ahd that further advances seem Inevitable. The wide bleached cloths of high count are sold* from ..four to six months In advance, nnd the demand Is still far from satisfied. The fine yarn construc tion cloth* are expected to hold their full value chiefly because of the scarcity of fine grade cotton. Mills are obliged to pick up supplies In 25 to 60-bnle lots, uml are still far from being covered. mm tue enu or renrunry. dress ginghams, wash goods nnd ► only trouble sellers experience Is iblc fo get good* to fill order. The Edited by Joseph B. Lively MARKETS Mr. Lively*# twenty-fire years' experience of ed iting markets In Atlanta and the South fast made him a recognised au thority In his specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS AtltolD Coast y American Sugar R?f. Antcondo. American Locomotive. do. preferred. . • • Am. Smelting Ref. » . do. preferred. . ♦ - Atchison. • do. preferred. Brooklyn' Rapid Canadian raetfle. . Chicago k Northw'n. . Chesapeake A Ohio. . Colorado Fuel k Iroe. Central Leather. . . . do. preferred. - . . Chicago k Great YT. . Chicago. If. A fit P. . Delaware A Hudson. . Distiller** Securities. . Erie do. preferred. . • . General Electric. . • . Illinois Central. . . # . Am. Ice Securities. . . LooisvJUs A Nsshrllls. N. V.. Unt * Westers. National Lead Northern Pacific. . . . New York Central. . . Norfolk k Western. . Pennsylvania. . . . . - People's Gas. ..... Pressed Hteel Car. . - do. preferred. . • • Pacific Mall. Reading Republic Hteel Rock island do. preferred. . . . United JRatt-i Rubber. do. preferred. . • . Southern Pacific, • . . bouthern Railway. . . do. preferred. . • . Sloss-Sbeffleld Tcnn. Coal * Iron. • . Texas A Pacific. .... Union Pacific. . . ; . . United States fitssl. . do. preferred. . • . Vs.-Car. Chemical. . . do. preferred. . • . Western Union Wabash do. preferred. . . , Wisconsin Central. . . do. preferred. . . . iTotwl stock ealea today 781,109 shares. NEW YORK. Clpeed steady. NOTES ON GRAIN. Pointers on Provisions. y AMERICAN CROP IS OF LOW GRADE trade, and futures .. much In recognition of this fact as from any other cause. The receipt* continued liberal, but It Is by no means clear that they are going to keep up nt the present rate for any great length of time, laiud nnd water trnnNiMirtntinu facilities tiro se verely taxed to keep up with the require ments of tho cotton business at home and abroad. Meantime the high grades con tinue so scarce nt the Houth nnd so diffi cult to obtain even at high premiums that some New England manufacturer*. It I* stated, have been forced to Import Egyptian cotton at a cost of about 20c a pouud. It Is tint Intrinsically better cot ton than American, but It Is of the long- stnpled sort required for certain good*. More ami more It become* evident-that this Is a low-grade American crop. That means that Its Nplunalde quality I* comparatively poor and that Just *«» much more of It will be required to do the work III milking the good* needed In a world’s trade, which; was seldom If over n* large ns It Is now, even leaving China out of neeoimt. If Chinn were buying, ns she ha* bought In recent years, fne situation In the raw cot ton goods trade would naturally be far more acute than at present. As It Is. Lancashire I* doing the best busiiie** that It bn* bad for a generation. The current guess ns to the amount glinted and a* to the slie of the government's crop estimate cover a wide range, nnd are practically valueless. In Biiiffi clremustsnces, It Is not unnnturnl that the speculative pace should slow down very perceptibly, mid It Is. n^ least, comSdrnldc that nothing rcumrkutdc is likely to develop." New C • * market — ----- filth shaker, for obvious reasons. HpeMda five firmness In the wake of encouraging spot news throughout the forenoon, but n bolt from the blue struck the local ring when mi official decline of an eighth of a cent on spots was announced In tlie late ternoon. Interior |><dnta. however, .. olded the appearance of weakness, u fact which left lots of hope with the bull fac tion. At the moment fortune's cut Is cross the advisability of keep ing beyond reach of bureuu-day scratches, a course the talent now hociiis pretty well Inclined to follow. .Meanwhile, the cotton market Is bringing to light very few de velopments of consequence, —filbert A flay. CHINA TRADE FELL OFF. Washington, Dee. 7.—The value of the shipments of cotton piece goods from the United Kingdom for the month of Oc)ols>r was $22,085,398, The sales to China fell off somewhat, but the requirements of Turkey were on an exceptionally large scale, and Argentina nnd Brazil took an appreciably larger quantity than last year, while India's Private Wire to Glhcrt A Clay. Chicago. Dec. 7.—Wheat opened unchanged to ftc higher, nnd hn* met considerable selling on resting orders nt 79ftc for May. We arc btilll.di on wheat, corn nnd oath. They are getting In »a stronger position every day. Buy now. Chicago, Record-Herald:'' “The Minneso ta output'Inst week, Instead of* showing a material gain, decreased 15,100 barrels, says The Northwestern Miller. The qunutlty turned out was 279.960 barrels, against 351,- 2tt) btirrels In .1996 sad 270/946 barrel* In 1901. Mill* which are usually found In the operative list were shut down Hntnrdny night, and lire Idle this week, (nick of shl|tplng directions was the cause. It Is uot email) Hint owe or more of (hose now In operation will not stop Itefore the end of the week. Minneapolis mills found trade unusually dull last week. A few of them disposed of a minced oufouf, hut.sucfi were the exception. Eastern buyers apparently lie Here It to their Interest to take flour sparingly, regardless of what wheat docs, and are acting on that plan/' Ohio report, as wired here by King, of Toledo, makes December wheat condition 98, Inst month 96, last December 98, and at harvest 99. Crop wns 43.OW.ono bushels. No vember report made nrea sown this fall 1 per cent snort. Corn -crop 121,006,000 bush- els, iignJnst. Jtjp,Q0»,n00 bushed* n year ago. The report says 42 per-cent of the 1906 wheat crop wns solil from the machine. Ilesslan fly and grub worm did 2 per cent tlamago to growing wheat. Otherwise per fect. largest corn yield per acre nnd crop ever khowu. Only 23 per cent of clover seed area sown wns cut for mcihI. “The battle on the bull side of wheat Is won* In my opinion,’* said E. W. Dennis. “When May wheat sold at 76He, on Hep- teuiber 10, It sold at tho lowest price It will sell on the crop. Mon. opinions nnd soiillmeut all have to go down and out be fore the ruler, nnd the ruler In the situa tion, and the situation Is bullish." STOCKS REVIEWED BY NEW YORK SUN LIVERPOOL. Tho following figures give the opening range end close, compared with yesterday: Futures Opened easy. Previous 5.69 5.57 5.65 5.58 5.54*4 5.63V* 5.59V4 5.55 5.64 December.. .6.63 -5.63V4 Dcc.-Jan.... 5.69V4-5.W Jan.-Feb.... 6.67 -5.59 Feb.-Mar..». 6.68V4 5.59 Mar.-April.. 5.59 -5.60 April-May... 5.60V4-6.62 May-June.... 5.63 -5.64 June-Jnly.... 5.64V4-6.65V* Julf-Atig..... Yi.GJ Kept... 5.00 -6.69V4 Aug.-Hept Closed < NEW ORLEANS. The following Is tho range in cotton fu tures In New Orleans today: Dec. . Jan Fob March. . . . April. . . . May Juno.. . July.. . 11 ill II L&O 10.39llU.50 l6.49 floras 10.61110.54 l*).64'Vo.66 10.72110.74 Closed steady. 10.40j 10.52 io.Mjio.66 j 0.69 |it). 74 K49 110.4833 10.42-43 10.43 44 10.47-46 19.48-49 10.62-63 10.53-54 10.56-57! 10.57-58 10.66-67 10.67-68 10.68-70 10.71-72 10.77-78| 10.79-80 New York. lice. 7.—The Sun says: ‘ There was. no change yesterday <»f any account worth considering In the local money situa tion. The scarcity of lime money wns In creased, nnd wa* so prominently lit evi dence that lu calculating the time when some distant relaxation lu money was like ly to occur, bankers were generally In clined to place tills period somewhat Inter than the new year. Speculative Wall street was plainly dl*a|»|>olnted over what was declared to Is* the meager quantity of relief extended by the secretary of the treasury In Ids offer announced Into ye* . ion® ..hat heavier than It was on Wednesday. The market scented to suffer more from the withdrawal from It of active specu lative interests, rather than from any vig orous liquidating, tendency. An llicldeut of the day that provoked considerable discus slon was the speech made by n leading banker nt the meeting of the chiimticr of commerce. In which he urged that reforms |m> enforced In the method* of lending mon ey on call on the stock exchange nnd de iced the fluctuations In the call money « here ns uncalled for and hurtful to ral financial affairs.”—Glbert A Flay. NEW YORK COFFEE. WEATHER FORECAST. Georgia—Fair Friday nnd Saturday much colder Friday. Louisiana. Mls»l*«lpi»l, Alabama nnd West Florida—Fair ami colder Friday; Saturday fair and wanner. » East Texas - Fair Friday: colder In south portions; Saturday fair and warmer. Arkansas nnd West Texts- Fair Friday and Saturday; warmer Sat unlay. Iltnols. Missouri. Indiana. Kansas. Wis consin and Michigan- Fair tonight and to morrow; warmer. Minnesota—finow tonight and tomorrow; warmer tomorrow. THE SUGAR MARKET. New York. Dec. 7.— Refined and raw *n markets steady. London beets steady, t’offee quiet; No. 7 Rio. 7 1 *. Sugar steady; granulated 4.8i». new t»r Honed iiiuiu irniiin-K in mi- iii-ws t Brazil reporting that the id either *lgued or sane- slon bill. The other news ’opened fsTAidy* at *- - . advance of. 5 points and held steady durluc Hu* cmHv scs^on on n moderate demand In the nbseuce of nggresshe offerings. Prices Improved ti little on some position* after the openiug, but the general range remain ed net unchanged to 5 iNdtits higher nt mid- d*v. Sale* to that time Were about 2d,- out). One of the main features in fin was a cable from president ha> conversion _ special feature. Receipts If any thing were a shade heavier, but attracted Utile ns lent Ion, ami foreign markets were steady.--filbert A Flay. Following show** the openiug range nnd close of the New York coffee market for tfidny: Opening Range. Floss Jh unary 6.6A-5.70 .*.65-5.70 February 5.70^» 5.76-o.M) Mnreh 5.85 5.80 ,.5.83-5.95 .6.06 6.13 .6.10-6.2O .6.20-6.31) PRICE MOVEMENT IN WHEAT NARROW Opening Was a Fraction Higher, Which Was Later Lost. Chicago, Dec. 7.—Wheat coined VtGHc higher for the day. corn was V4e off to %c tip. Oats were *4GV4c lower. Provisions 6015c lower. Many of the wheat lienrs have been trap- Mluneapolts was strong for cash wheat and the trade here on country milling account W r*s6°sttes hero were 70,000 bushels wheat, 50.000 bushels corn nnd 125 bushels oats. The seaboard reported 18 loads wheat, 2 of corn and 100,000 bushels onts. A round lot of No. 2 red winter wheat changed bands here, outside millers being the buyer*. The price, wag apt made public. Clearances of the week were 4.567.000 wheat and 1,109,000 bushels corn, compared with 4,235,00») and 2,440,000 bushels respec tively n year pgo. Primary receipts of wheat 927,000 bushels nnd corn 476,000 bushels, compared with 827,- 000 and C66.0U0 bushels respectively a yeur age. The day’s clearances were 295,000 bu*hels wheat, 173,000 bushels corn and 23.000 bush els ont*. CHICAGO GRAIN MARKET. for today Previous Open. High. Low. Clow*. Close. WHEAT— Dec 74% 75 7«i May 79< 7!*« 7**4 •alt V (fOUS- 74* THE WEATHER. LOCAL FORECA8T. TiPS FLASHED From Wall Street. Private Wire to Glbert k Clay. New York, Dec. 7.—Marshall. Spader A Co.: “Toihty'a trading can Itaj-tHy fall to reflect anticipation* of tomorrow's bank statement, and until the carry-over ir.:es until Monday have been satisfied-the mar ket may be dull and present periods of llquidatioq." . /, _ Dow-Jones’ summary: American* In Lon don steady nt about parity. Loudon market quiet and featureless. Interstate commerce commission an nounce* its lnteutlon to Investigate llarrl man lines. . , Hteel trade suffering from shortage of Hteel plate* advanced $2 n tou‘. American Car and Foundry declare* dividend of *4 of 1 per cent, placing tho- common stock on 2 per cent basis. This Is the first dividend since 1964, when 1 per cent was paid. President Ripley 9MRM !»er earning* will be ns heavy a* those of Oetoher. Twenty-two road* fo Twenty active railroads decline*] cent. New York Financial Bureau: The Herald report of Hock Island acquisition of the Memphis. Kensas nnd Texn* explain* recent buying of tmth stocks. VVe think Rook Island should he bought iti nil recession*. We do not believe much will In* accom plished by the bear* on tho Union Pacific nvestlgntbm. although the technique of hat stock weakened late Thursday nnd juppnrt may have been reduced toward 189. We would buy It ou a scale down. The disappointingly small Car Foundry dividend will cause profit-taking In that stock today. Copper meets support of a scale-down kind toward 111. A Smelting specialist snys the support Iti that stock Is stroug toward 150. Atchison Is In the trading limits of par and J04 now. Canadian Pacific should he bought for turn* still on receHsions. St. Paul support Is placed nt 180 ns the limit. Should it be overwhelmed the price would perhaps drop sharply, owing to stops. Fuel Is meeting stock now 57 to 68. The news being out, further realising In New York Central Is expected, hut below 130 It Will lie Imught. Pennsylvania Is weaker In technique and could lie driven lower. Heading Is held now between 149 and 146. Southern Pacific U In the trading limits of'96 nnd 90. Hteel should be Imught on a scale down support being strong around 46. For Atlanta nnd Vicinity—Fair tonight and Katurday; temperature below freexTng tonight; not no cold Saturday afternoon and night. WEATHERJSONDITION8. The entire country cost of the. Rockie* is under the Influence of an extensive area of high pressure whose center Ik now over Minnesota and Iowa. The storm area that waa over the eastern lake region yeaterday morning has * moved northeastward, causing general snows In New York and New England. A second area of low pressure Is centered to the north of Idaho and Washington nnd Is causing rain or snow and higher tempera tures In that section. ltaln has fallen at most stations south of the Uhlo In the Inst 24 hours, but a* n re sult of the advance of the northwestern high barometric area clear and colder weather covers the entire Houth. Falls In temperature of 20 to 34 degrees have oc curred In most states cast of the Missis sippi. Atlanta Is 30 degrees colder this morning than nt the snnie hour yesterday. The eastward drift of the high will cause continued fair weather In this section to- night and Saturday: temperature lielow dividend of 1V6 per cent.'payable December freexlng tonight: not so cold Saturday 31. Books close December 19 nnd reopen ‘ and Might. January 1. .The Mohawk Milling Fompauy hn* declar- DIVIDEND DECLARED. Wall Street Sumary. The American Tobacco Company has de clared the regular quarterly dividend of lty per cent on Its preferred stock, payable Jan uary 2. Hooks close December 13 and re open January 3. The Chicago Great Western Railway Com pany will pay the usual semi-annual dlvl< dend of 2 per cent on Its delienturc stock on January 15. Books close Deccmlter 15 and reopen January 2. Tho Chicago and Northwestern Railway Company has declared the regular quarterly dividend of 2 per cent’ on Its preferred stock, uud the usual Hcml-nunual dividend of 3H per cent on Its common stock. Both dividends are payable January 2 to holders of record December 12. Tho Consolidated Hank of New York lms declared an lultlnl scml-annunl dividend of 3 per cent, payable January 2. Books close Decern tier 26 and reopen .bin i The Interhorougb Rapid Transit Company has declared a quarterly dividend of 2ft E »r cent, nayabto January 2. Books close eeeinber 17 aud reopen January 2. The Lake Erie nnd Western Rnllren Company has declared a semi annual divi dend of 2 per cent on Its preferred stock, nnynhlc January 15 to holders of record December 29. The Maryland Coal Company hn* declared the usual semi-annual dividend of 2V6 per Its preferred stock and an extra FMIJtSlK High Rates for Call Mouev Without Effect in Ear ly Trading. ROOM TRADER^ BF Some Slight Declines i u First Few Minutes, Then Turned Upward. Call mouey opened'at 25 per cent: hl-|. 6 nor cent* low. 2 per cent; last bum, *• New York. Dec. 7.—Call mouev <.p,.|„. 1 i this morning at 25 per ccut aud went up t„ 36 before midday. On standing loon*. i) t ,. renewal rate waa marked up generally to i per cent, and fancy prices continued't.. i„. paid for time accommodations. Anoth.- nesvy loss at tho sub-treasury, reported fh » morning, brought the total outgo f.,i ri^ week up to $7,300,000, aud while the u*nai estimates of the Interior movement w,,,. not available at thin writing It was a»‘ HUtned that the total loas which the bnul, will disclose In tomorrow’s statement uii be a considerably larger sum even th the payments to tho government ag.-ic- American stocks were Irregular In Lnnd.v, with trading fairly good. Fears wen- . pressed that our extreme money stringer,.., and the continued fall In New York o. change would prevent the relaxation wht. it otherwise seemed to have started. In nion. v conditions abroad. For the first hour, oir market went on with It* decline, nud tin* leading Issues dropped a point or more from yesterday’s cloxlug. New York. Deo. 7.—The stock market opened heavy with declines ranging Minimum and Maximum Temperatures and Rainfall. Obssrvatlons taken at 8 a. u.. f3th meri dian time. Abilene. . . . . Amarillo. . , . Asheville. . . , Atlanta Augusta Birmingham. . . Bismarck. . . , Boston Buffalo. . . . , . 'bnrlestou. . . • Charlotte. . . , Chicago Clnelnnatl. . . . Corpus Christ I.. , -- -. Davenport. 73** Dodgr City. Dec 42% 4274 42ft 42 5 i May 43ft 44 43ft 41 July 44ft 44ft 44ft 4I*< OATH— Dec 33ft 23% 33ft 33* May 35ft 35% 36ft July....- 33ft 33ft 33ft S3V-. FORK— Jan... 15.40 15.45 15.22ft 15.35 15.45 May... 15.80 15. SO 15.57ft 15.60 15.75 LARD- Dec... 8.60 8.C2ft 8.37ft 8.i» 8.65 Jnn... 8.65 8.65 8.55 S.57ft 8.65 M sii)E8— 8,70 Jan.... 8.50 S.5») 8.25 S.^*. 8.45 May... 8.45 8.46 8.35 8.35 8.42ft CASH WHEAT— No. 2 r**tl 76tf76ft nominal: No. 3 d» 74<i 75ft nominal; No. 2 bard winter 76fc77; No. 3 do 74«7«. El Paso. i Smith. . 4-lft j UnlveHton. . 44ft j Havre .... ! Jnckmmvllle. , ;«ft Jupiter. . . . Kansas City. ^ I Key West. . ‘ , Knoxville. . f.' j I.'** Angeles. Macon. . . . , Memphis. . . **■-’ ! .Meridian. . , Mobile Montgomery. , Nashville. . . New Or ten ll*. d a dividend of $4 a share, an Increase of $1 a share over the previous disbursement, which wan ntnde on June 23 |«»t. The divi dend I* payable January 10. Books clone December 27 and reopen January 10. The New York nnd Harlem Railroad Com pany hna declared the u*unl Neinl-nnnual dividend of 5 per cent, payable January 2 to holder* of record DeceutlK>r 13. * The Union Jlng nnd l'nper Company ha* declared the enntomary quarterly dividend * per cent on ' • animry 15. trad reopen January 16. The United Bank Note Corporation ha* declared the regular quarterly dividend of 1ft per cent mi It* preferred wfnek, payable January 2. (took* close Dmemlnr IS and reopen January 3. THE LIVERPOOL GRAIN MARKET. Wheat*-Opened ft higher; nt 1:3) p. in., unchanged to ft higher; cloned ft higher. , ore—Opened ft higher: nt 1:30 |>. in., ftfc ft higher; closed unchanged to ft higher. York. LIVE STOCK MARKET. Omnhn. . . . I’alestlne. . . I'ltUhurg. . . . I'ortland. Me. . I’ortlnnd. Ore. Ht Louis. . . Ht. l’nul. . . . Han Francisco. Savannah. . . Hpokaue. . . . Tampa. . . . Taylor TboinasvIUe. . Vicksburg. . . con... AFRICAN COTTON HIGH GRADE. Wnslilw^on, Dec. 6.—In !lrftls!i Central Africa, nenirding to particulars given In the report of the commissioner of the protec- lorate, the quantity of eottau exported in ! the Inst fiscal year was 776.000 pounds, a* i comparetl with 2S3.O0O pound* In the preced- ' Ing year. Experimental parcels were first 1 produced In 1901-02. The area eultlvnted contracted in the year from 21.900 to 10,000 ! acres, which reprcHcnt* the elimination of I the upprofltnhle plantations. The nmrkcfa- < hie quality of the fiber Is said to be high. 1 some parcels bringing o» much as 18 cents I ihw pound, n* against nn average of from 14 to 17 rents obtained for Egyptian and I American sorts. ftlfft In the majority of the list, lffr.i ever. New York Central nnd Fenmwlvanin onene<! ftCrft point higher, respective! v T nlted States Steel common, which sold ,. v dividend ft, recorded a gain of ft, and Fin- Foundry rose ft on a report of dlvblen.| resumption. The heaviest losses extended to % In Reading nnd Canadian 1'aelflc an-l ' “ “uuthern rnclflc. Ht. Paul 'declined stock market ruled firm to stroiig even with tlie highest rates for call moie . r irevnlllng that have been established »•» far n this period of extreme teuslou in th- money market. In the general Hat. a large •art of buying was by room trader*. Price movements were nearly all to higher figures after some slight decline* hj tlm first few minutes. Governments uucUaugcd. Other bond* MINING 8TOCK8. IloMfoii. Doc. 7.—Utah 64ft: Allouez Mohawk 7Sft; Ter uni neb 20; California i Arizona 169; Shannon 16ft; North Hi 110ft; Copper Range 80ft: Osceola 135. LONDON 8TOCK MARKET. STOCKS- Amnlgnnmted Copper.. .. Anaconda.. Atrhlmn .. Baltimore nnd Ohio Canadian Pacific Chesapeake nnd Ohio Denver nnd Rio Grande.... Eric do, preferred Great Western Illinois Central Kansas nnd Texas do, preferred... Louisville and Nashville Mexican Central.. .. .... New York Central. .. .. .. Norfolk uml Western Northern Pacific .. .. Ontario and Western Pennsylvania Philadelphia uml Heading. Hook Island Southern Pacific Southern Hallway do, preferred Ht. Paul l.'nIon Pacific preferred lied. 284 1284 !«S-. ARRESTED FOR MURDER OF A CONVICT GUARD. Richmond. Vo., Dee. 6.—Alonzo Good man, alias Jim Brown, colored, ha* been arrested here charged with com plicity In the murder of u guard the South enrollnu penitentiary Iasi August when he nnd two other denpet- nto prisoners escaped. Coal Company Organiztd. Special to The Georgian. Montgomery. Ala., Dec. d.—The Mu- nasco Coal Company, of TownUy. Walker county, with a capital atock of $20,000, hah informed the aecretm* of state of Its Incorporation. The fol lowing are the Incorporators: C. W. Hickman, X K. .Smith nnd D. T. Bo- wlol. ! IVnsluu : W11min Chic celpls .. .. Ik 96.30^6.60; light Doc. 7.—Ilogs-Kstlniiitcd r» Market strong to 6c blgh«f 16.‘Am* 47ft: mix**- T Indicates trace of rain or anew. J. B. MARBUUY, H'ectloa Director. 5*:.lob*• N*; heavy |.*.w*#is.rio; rough 15.651/ 6.40; pigs 8«.40e%.46: yorkers $3.K>t?0-15;H». 1 to choice heavy K4.ftpi.55. Cattle— EstlmatiHl receipts 3.000. Market steady; quality fair: lieve# 83.90^7.45: eon* $1.2504.60; heifers |2.25«5; calves $5417.^*: ‘ [trlror, steers $5.4^7.45: poor fe stockers and feeders 12.50 gisMl prime » alum li90M. ©4.60. Sheep-Estimated receipts Market strong to a shade higher; native S3.40A5.SS; western I3.25«6.80; yearltngs 85.WGC40; lamb* $1,751*7.86; western 84.7Mi7.r*. CHICAGO CAR LOTS. Aj»rll May June July August — September.. OcMhw. ... November. , December CbuM-d steady. NORTHWEST CARS. ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main ItoS. ATLANTA. GEORGIA. ; Duluth. 5.96 •:.u6 . 4.10-6.15 4.204.25 6.^-4.35 fi.S04t.4O 6.40-6.43 4.456.50 6.5le6.a) 647 COTTON 8CEO OIL. Opening. Closing ! Ih*cem!*er N t»»V tvftfrJSft I January Kft#37ft I February. 36ftvrT7ft .36 «»t-ift I Mnreli ;* P36ft 35V 4 4|3*’ft i May 26 M36ft ttufa*** 1 * * 3SV>37ft KftlsCT | J«I )•'*»«* steady Another Company on Probation. On next Wednesday Colonel Obear, Inspector general of the Georgia na tional guard, will go to Columbus to Inspect the City Light Guards. The company has been on probation since spring, and were' given until now to get themselves In good shape. Colo nel Obenr will go to see If they come M. U. Atiln.on, V. P. Jo«ph A. McCord. UiMvr. Pnok IIlwklDl. PrMliI.nt. TnoiauiLC. Ervin, Anr. Caibl.r. It. W. Wy»r«. Aut. C.iblrr. Third National Bank Capital Surplus DIRECTORS) Frank Uawklos. II. M. Atkinson. Joseph A. McCord. $200,000.00. $300,000.00. J. It. N'nonall J. C.rroll PajD. Payne. H. Itouer. Tlcl Woodward. SOUTHERN EXCHANGE Oldest E^abllshcd OSIce South. co non—stows—MSOS—eau Ground Floor (.fcuUl Building. Dally market letter and market manual roailtd on application WM. L. PERL President. ROBERT F. MADDOX. Vlre President JAB. P. Wl.SHSOIt. Assistant Cashier WADDOX-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- annually in our Savings Department. LOWRY NATIONAL BANK Designated Depository of the United States. CAPITAL ! $500,000.<XT SURPLUS 400,000.00 UNDIVIDED PROFITS 140,000.00 A general banking business transacted. Foreign exchange, Letters of Credit. Corresponds direct with the National Bank of Cuba. THE AMERICAN AUDIT COMPANY Home Office, 100 Broadway, Xew York City. F. W. LAFRENTZ, C. P. A., President. C. E. M.nwirinfl, Vie, President, Thio. Cacheu, Jr., C. P. A., See. and Tree*- NBW YORK—Waldorf-Astoria BOBTOX—Exrhanat- rtuiMina. WASH I SOTOS—i 'olorado Hullillng. NBW ORLKAXS—Hennrn llulldlna. BRANCHES ATLANTA—Fourth Nat l Bank HI W- «TUCAGO—Marquette Bulldlna. FHILADBLmiA—BeUaVtM-StnKf>n I. SAN KRANCIWO—Belden Bdtldlns LONDON, RNaLAND—I Kina Street, Chenp&lde. ATLANTA BRANCH 1015-18 Fourth National Bank Building. C. B. BIDWELL, Resident Manager. Telephone, Main S72. Cable Address Amdit, N. V.