Newspaper Page Text
THE ATLANTA GEORGIAN.
TUESDAY. DECEMBER 11, ISM.
' Government Estimate Caus
ed a Very Decided De
cline in Prices.
TRADING VERY ACTIVE
Figures at 12,546,000 were
Above Expectations of
Conservative Bears.
OCkKHXKWOOOOOUOCIOOOOOOOOOO
a o
O GOVERNMENT ESTIMATES
O CROP AT 12,548,000,
0 O
0 Washington, Dec. 11.—The de- O
O partment of agriculture today O
0 gave out a report estimating that 0
0 the production of cotton In the 0
0 United States for the year 1906-7 O
0 was 6.001,726,000 pounds, not In- 0
0 eluding llnters. equivalent to 12,- 0
0 546.000 bales of 500 pounds gross 0
0 weight. O
O O
0000O00O000000000O00000000
New York, Dee. 11.—Hesitation character
ised the opening of the local cotton market
today. Trader* were disposed to await the
publication of the annual estimate by the
crop reporting board. Taking the report
Issued yesterday by the census bureau as a
basis, the trado figured that the estimate of
the crop reporting board would be between
12,000,000 and 12,250,000.
Liverpool this morning apparently
put the same construction on the gov
ernment ginners' report as did the New
York market, as the opening In that
market was about as due on New
York's close, part of the early advance
being later lost, closing barely steady,
4 to 7 points above Mon'
Monday’s finals.
Following is the range la the active
mouths In Liverpool today:
Open, filch. Low.
December $.70* 6.72* 6.70
DeeemberJnnunry. . .. 5.62 6.64 6.60
March April 5.62 5.64 6.61
May-Junc 6.65 6.67* 6.63*
Spots were In Increased demand,
■pinners taking 12,000 bales at an ad
vance of 8 points, making middling
6.04.
New York was due to open about
unchanged on the Liverpool showing,
and while January and March started
the session at Monday's closing bids,
the remainder of the list was 3 to C
points lower.
Trading began with the government
crop estimate, to be issued at 1 o'clock,
Atlanta time, the influence. Its esti
mate has been covered very thoroughly
by the expert statisticians, and no mat
ter what the figures may be they will
between the two extremes and
will
or low
tremo figures It fuv
The government estimates
the past have been
By Private Wire to Oibert & Clay.
New York, ‘Dec. 11.—Liverpool at
12:30 p. m. 7 to 8 points higher, was
about as expected. On this basis we
should open unchanged. .
If the bureau Ignore the census and*
estimate a crop on Its published acre
age and taking the lint yield at 205
pounds, which was the yield in 1904,
the estimate could not exceed 11,800,000.
An attempt is likely to be made to
equalize the basis and consider the
censiis ginning, which might result
In an estimate of 12400,000 on a per
centage basis. I lean toward an esti
mate under 12.000,000, but h%ve t no,|,
doubt that
With these
of the way
to the other forces, which are all bull
Ish. but I do not look for any material
advance In New York until after the
holidays.—C. D. Freeman.
Journal of Commerce: “Buyers are
having the Very serious difficulty now
of trying to find substitutes for the
lines they know they cannot get for de
livery' before March. Some of them
have found that possible substitutes are
as scarce as many of the lines they
usually carry. The legitimate strength
of the market Is evidenced by the large
mall orders sent in, and the /requency
with which houses are compelled to
decline them or prune the volume
down. Under these conditions price Is
not the prime factor, and hence while
buyers occasionally rail kgatnst yes
terday's values .they cease talking the
moment they can find the goods they
are after."
New York Commercial: “Profession
al speculators, as well ns the public,
have been badly whip-sawed recently,
and most of them are playing very
close to the shore."
“I don't care what the government
estimate Is,” said one broker, “but there
can be no natural advance until the
movement lets up. There is no getting
around the fact that the movement
Just now seems to point to a very
large crop. Of course there is every
Incentive to send the cotton along, but
if the crop Is only 12,000,000 bales the
movement should begin to decrease. 1 '
Says another broker: “I do not think
the market can break much even on a
bearish report. Some people have been
very confident that the government fig
ures would be bearish, and are heavily
short. I think that on a bearish report,
Instead of putting out more short cot
ton. they will reach for profits."
While the price of American cotton
Is going down the price of Egyptian Is
advancing rapidly. A cable received
by Choreml, Benachl & Co. froln Alex
andria Saturday said: “Market excited.
Speculators attempting to effect a cor
ner. Quotations 1 cent higher. January,
20 1-4 “
New Orleans, Dec. 11.—Liverpool at
to 8 up Is a correct response and
should not change our opening.
The estimate today will be In bales
of 500 pounds gross weight, and Is ex
clusive of llnters, etc.
The consensus of opinions on today's
report is around 12,260,000, but con
clusions drawn from yesterday's small
census figures suggest that a govern
ment estimate around 12,000,000 should
not be surprising.
The Western forecast Indicates part
ly cloudy weather with showers prob-
able In Louisiana, Arkansas and the
territories tomorrow, with eoldor
weather. Fair nnd warmer weather 'n
west Texas and Increasing cloudlne -.8
In the eastern pnrt.
The Eustern forecast Indicates fair
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-fire
years’ experience of ed
iting markets In Atlanta
and the Sontb baa made
him a recognized au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper.
Atlanta* Coast 1% ...
Americas Sugar Bit.*.
America* Sugar
Aoiconda.
American
i .. . i .. i .. hi*hnr rne ruistorn Forecast indicates fair
.V.V ‘ m I tonlKht nnd colder, and Wed-
',. a . c L- 1 1 ■ X I nesday slightly wanner and fair.
?t!f-
j; g* 9 *
r Tfla prjftcrreds-l •>. .. . .
Atcbiansr. .
do. prefer red. . . -
American Cot»9» Oil. .
Atu. Car Foundry. • .
Baltimore k Ohio. . .
Brooklyn Rapid • .
Canadian Pacific. . . .
Chicago A Northw'a. .
Chesapeake A Ohio.
Colorado Fqsl k Iron.
Chicago k Brest W. .
Chicago. If. k St. P. .
Delaware Sc Hudson. .
Distiller's Socuritlaa. .
Kris
do. preferred. . . .
General Electric. . • .
Illinois Central. ....
Am. Ice Securities. . .
Lotutrills Sc Nashville.
Mexican Central. . . .
Missouri Pacific. . . .
....( 100*1 10.7
17*| 18 j ITT.
* 183*
| 18 | 17*|
| 189 l[ 184 188* 188*
229* 229*1 229*1 228*
I 71* 70* 70* 70*
| 46*| 46*1 46*1 45*i
76 75* 75* 75*
163 162 162 161*
I 87*1 87741 87 I 87 I 87 I ST-
146* 147* 146* 146* 146* Do
27* 27* 26* 26* 26* 27
93 95* 94* 94* 94* 94',*
NAME OF STOCK.
N. Y.. One k Waatern.
Northern?;
New York Central.
Norfolk St Western. % . .
Pennsylvania. . . . V . ,.*■ .
People's Gas ’.
Pressed Steel Car. V . . .
do. preferred
Pacific Mail.
Reading . . . .
Republic Steel
Rock Island
do. preferred. . . . , .
rutted Statri Rubber. . ,
do. preferred
Southern Ptclfle
southern Hallway
do, preferred
stoM-Sbeffleld. ......
Tenn. Cos! k Iron. . . . ,
1‘exna k Pacific. .... . .
1‘nlon Pacific.
nion i acme. . . . .
nlted States Steel,
do. preferred. . •
Va.-Car. Chemical. •
do. preferred. . .
Vostern Union. . . .
Ynhasb. . .
do. preferred. . .
\laconsln Central. •
do. prefarred. • •
40*
/223V4
134*
66*
31*
55*
53 53*
107% 10774
qi
41*
150%
41%
NEW YORK.
The following Is the range In cotton fu
tures In New York today:
i
i | i
33
J
'J
it
t-o
Dec
Jnn
Feb
Mnreh. . . .
April. . . .
Mny
June
July.. . .
June
T92
10.10
9.50
10.27
9.75
10.38
fio.’i
9.66
9.931 9.33
10.10 9.40
9.64 9.50
10.27 9.50
9.75 9.69
10.38j 9.65
ji6.43j‘9.7(
9.66) 44.66
9.38
9.48
9.60
9.5* •
9.69
9.77
j 9.K
9.C6
9.36-38
9.47-4.8
9.56- 58
9.56- 68
9.69-71
9.77-78
9.81-83
9.84-86
9.66-67
9.98-99
10.10-1!
10.19-20
10.27-28
10.33-35
10.41-42
10.44-46
10.48-49
10.30-32
Closed barely steady.
LIVERPOOL.
Futures opened easy.
Opening
Hang".
with yesterday:
Dec. . . .
Dec.-Jnu. .
Jsn.-Feb. .
Feb.-Mar.
4-5.72
May-June .
Juno-July .
July.-Aug.
Aug.-Sept.
Previous
p. m. Close. Close.
o.72* 6.70 6.64
6.66 6.64
5.62 -5.63* 6.63* 5.61
5.62*-5.62* 5.61
5.62 -5.63* 6.64 5.61
5.63 -5.66 5.63
5.65 -5.67* 6.67* 5.63*
6.66 -5.68* 5.6*1
5.67 -5.70 5.70 5.67
5.61 *-5.63 5.60
6.55V
5.55V
5.56
5.57V
L6i*
5.54*
Closed steady.
NOTES ON GRAIN.
Pointers on Provisions.
under the commercial crop.
The following gives comparisons with the
three preii 1* \.*.tr*: I-ast year, 10,167.81*;
1904. 12.162.7 m; !■«*:. fl.962.0S7.
The 1ni11111er1i.il erep hist year was 11.246.-
000: 19 !. •'•:-*:.*•»•: I»i5. 10,011,003.
Thn« ti e Mit lrulH:r.il department t* shown
to have under ohilimited Iasi year 1.179,00.);
1901. 1.4'C.3sn; 1907. 48.090.
The reiisus bureau shows the totul
amount of cotton of the crop of 1906 ginned
to*December 1 to have been 10.025.445 bales,
counting round bale* ns half bales. The
total number of glunerlea In operation Is
given ns 28,211.
This Is compsred with the figures of 1905,
when the report showed 8.689,663 bales
ginned and 28.600 active ginneries. lly
states the cotton ginned and the number of
ginneries were ns follows:
“erabiy GINNERS’ REPORT
States.
Alahsmn. . . .
Arkansan
Florida
Georgia
Indian Territory.
Kentucky.
Louisiana. .
Mississippi.
Hales.
1.019.473
670.398
50.300
1.391.49*1
2X7.13*1
Ginneries.
3.593
2,293
9«
Missouri.
North Carolina.
Oklahoma. . . .
Mouth Carolina.
Tennessee. . . .
Texas
Virginia.
670,896
1,018.272
28.6*4
490.I4t
276,613
770.244
183.667
3,266.545
10,187
2.719
368
3,104
682
4,176
116
The statistics of this report Include 41,156
■ea Island bales for 1906 uud 81,686 for 1906.
The sea Island cotton for 1906 la dis
tributed by atntes as follows: Florida 19,-
159. Georgia 17.190. Mouth Carolina 6,117.
The government estimate of the 1906
cotton crop was flashed out of New
York exactly at 10 o’clock.
The figures were placed at 12,546,000
bales, nnd the decline that followed was
sensational in character.
January, immediately preceding the
Issuance of the estimate, was quoted at
9.85, in five minutes at 9.70 and in ten
minutes to 9.40. March during the
same time declined from 10.05 to 9.69.
and May from 10.20 to 9.85.
Hpot cotton In Atlanta, based on
New York contracts. Is worth 5-8c low
er prices as compare*! with yesterday's
quotations, but based on demand and
worth of actual stuff prices are un
changed.
The New York market closed barely
steady, n«*ti 63 to 64 points lower.
Kstimated tomorrow: 1906.
New Orleans .... 23,000 to 25,000
Galveston 16.000 to 19,000
Houston 13,000 to 15,000
Movement at Atlanta:
Receipts today
Same day last year
Increase .. .. ,
Shipments today ,, ,
Same day last year
Increase
1905.
9,267
11,786
9,372
320
1,35.1
650
801
WAS A SURPRISE
New York, Dec. 11.—Tho ginners'
port of 10,025,000 bales ginned up to
December I took very many by sur
prise. ft Is true that some estimates
had fillet! below ln.Coo.OOO bales, but
not very many people were ready to
accept them. Hulls themselves In some
eases seemed to think such figures too
good to be true. Unfortunately, com
parison cannot l»c made with the same
period two years ago, as the report of
tho ginning up to December 1 was not
begun until last year. The total ginned
up to December 13 two cenrs ago, how
ever. was 11,971,477 bales, and to equal
that total this year there would have
to be ginned 1.946,032 bales, or at the
rate it over 162.000 bales, which would
be far larger than any ginning wit
nessed In years, If indeed, It was ever
equalled, and that at a time, too, when
ginning generally decreases ns it did
in December, even In the high record
venr of 1904.
Today comes the estimate of the crop
by the department of agriculture. The
rop guesses bused on the ginning fig
ures published were very generally 12,-
000,000 to 12.600,000, though some were
high as 12,500,000 to 13,000,000. rt
should be borne in mind that the gin
ning figures are probubly Incomplete.
Director North made that plain enough
recent announcement. There Is
Indeed a great temptation to withhold
returns for the probable effqct on the
market. Making every allowance for
this partial suppression of the facts
concerning the ginning, however, bulls
are Inclined to think that the crop can
not greatly exceed 12,500,000 at tho
most, and they maintain that the
rld’g consumption will be fully as
large as that.
*\e\v Orleans, Dec. 11.—The Times-
Democrat says: **
“In the digestion of the ginners’ re
port showing 10.025,000 bales pinned to
December 1, bulls derived some com
fort, but neither faction acquired there
from much fresh ambition for the good
reason that today’s quantitative esti
mate may undo any opinions yester
day’s figures may have Inspired. Con
sequently the cotton market lacked do-
faive tendency, even though a fairly
substantial advance n» scored on the
showing made. Hulls figured the av
erage dally ginning;* as 64,000 bates less
luring the period from November 14
to December 1, than during the period
from November 1 to 14, whereas the
falling off during these periods last
year war. only 13,000 in the average
dally outturn, and thereby stressed the
argument that relatively less cotton
By Private Wire to Oibert & Clay.
Chicago, Dec. 11.—Our foreign cables
are firm, and the market has been
steadily Increasing In strength with
much bull help. The supply nnd de
mand position Is so healthy that we
look for a quick advance once the mar
ket gets fairly started.
Provisions opened lower on general
selling by commission houses and only
moderate local buying. Tho feature >f
the market was the purchase of 1,000.-
000 May ribs by a commission bouse.
Chicago Chronicle: “In all the mar
kets of the country good wheat Is com
manding a premium over December.
This is especially true in the North
west, where the big spring wheat grind
ers are located, they paying at Minne
apolis above May prices for No. 1
northern spring, either spot or to ar-
Ivc. This suggests tho Northwestern
rop Is not ns large as formerly con
templated, the opinion being empha
sized by the fact that the Northwest
bus bought of the Southwest some mil
lions of No. 2 hard wheat. The flour
trade In springs Is not good, but in
winters it Is very fair. Tho car situa
tion Is yet bud, curtailing both receipts
and shipments at terminal centers.
Should speculation revive, of which
thero Is now some promise and always
a possibility, It would no doubt help
values. But visible stocks are so large
that without a materially Increased
speculation and Improved shipping and
export demands these visible stocks can
not In the natural order of things prove
but a weight upon values until they aro
reduced to a normal.”
Evening Post: “Minneapolis wired
Pringle, Fitch & Rankin: ‘Manager of
large elevator here tells me their re
ceipts of oats at country points so far
on this crop are about half of what
they received lust year up to the same
time, and that the quality this year Ij
very poor.’ ”
Rroomhall cabled: “World's wheat
shipments for Monday will be about
10,000,000 bushels for the week, of
which Europe will take about 8,800,000
bushels. The actual shipments last
week were 10,416.000 bushels and those
of a year ago 12,752.000 bushels. The
shipments from India this week amount
to 608,000 bushels, against 488,000 bush
els last week and 752,000 bushels a
year ago.”
King, of Toledo, says: “There will he
a meeting In Chicago next Tuesday to
try and establish uniform grades of I
grain for all the different markets. Big
Chief Culve^ will be the delegate fron
our exchange. The Grain Dealers’ Na
tional Association started tho move
ment. President Goeman and Secretary
Courcier will be there, also delegates
from the different exchanges and mill
ers* associations.”
Total stocks of wheat at Minneapolis.
2.229.822 bushels. Including 810,518
bushels No. 1 northern, shows increase
in the total of 373,126 bushels for the
week. Stocks of finx week ago 132,023
bushels.
BULLS AND BEARS
EQUALLY DIVIDED
Results in Narrow Fluctua
tions in the Prices for
Wheat.
Chicago, Dec. 11.—Wheat closed 1-4
fit3-8c lower for the clay. Corn, l-4<®
1-2 ofT. Outs, l-8$f3-8 lower. Provi
sions, 10&30 cents lower.
Cash sales were 18,000 bushels of
wheat, 600,000 bushels corn and 90,000
bushels of oats at Chicago; 6 loads of
wheat. 3 loads of corn, and 50,000 bush
els oats.
There was more or less tnlk of an
elevator raid In tho wheat pit. No. 2
hard winter wheat is 75c bid at Minne
apolis with a rate from thp Missouri
was offered in the pit sat.
the rate from tho Missouri river to
Chicago is 10 3-4c. The trade was at
a loss to account for this showing.
There was good buying of May wheat
below 79c by the Northern Grain Com-r
pony and the Ht. Anthony people, the
latter the Chicago branch of the Wash
burn-Fros by milling concern.
Primary wheat receipt* 959.000 bush
els, corn 565,000 bushels, compared with
726,000 bushels and 1,059,000 bushels,
respectively, a year ago.
Clearances for the day, 174,000 bush
els of wheat, 71,000 bushels of corn and
7,400 of oats.
CHICAGO GRAIN MARKET
grain ami provision quotation*
May. ..
July. ..
COR X-
Dec,
NEW ORLEANa
The following is the range In cotton fu
tures In New Orleans today:
Dee. , ,
Jan. . .
Feb. . .
March. ,
April. .
May.. .
June.. .
July..
Closed steady.
51] 9.77J
.46 9.71
10.00
TIPS FLASHED
From Wall Street.
9.91 9.91-92
9.88 9.92
9.961 9.96-97
....10.01-08
10.08 10.08-09 .
.... IKU3-15110.76-78
lQ.30|10.30)10.20-22'l0.85-86
10.61
10.56-57
10.59-60
10.6J-66
0.71-72
THE WEATHER.
LOCAL FORECAST.
WEATHER CONDITIONS.
en*t of the Itocky Mountain* and precipita
tion ha* been general over the eastern half
of the uiup and on the Pacific const. Snow
Is falling this 'morning at Oswego, X. Y.,
nnd rain at Charleston, Stan Francisco and
Yellowstone Park.
The urea of relatively low pressure thnt
passed over this section yesterday Is now
moving off the const of North Carolina. A
second low of much greater energy Is mov
ing In over the north Pacific const, causing
a rapid decrease In pressure anil much
warmer weather over the northwest.
Today n crest of high barometer extend*
from the northern bike region southwest
to Mexico. The ndvnpce of this high has
caused 0 general fall In temperature In the
south and at most stations east of the
Mississippi.
The conditions favor fair nnd slightly
colder weather In this section tonight, to
morrow fair and warmer.
Minimum and Maximum Temperaturaa
and Rainfall.
Observations taken at 8 n. m., 15th meri
dian time.
Abilene. .
Amarillo. .
Asheville. ,
Atlanta. .
Augusta.
Hlrmlnghnm. . .
Hlsmarclt. . . .
Boston
Buffalo
Charleston. . .
Charlotte
Chicago. 4 . . .
Cincinnati. . . .
Corpus Christ!.. .
Davenport. . . .
Dodge City. . .
KI Paso. . . .
Fort Smith. . . .
Galveston. . . .
Havre
Jacksonville. . . ,
Kansas City. . .
Knoxville. . . .
Angeles. . .
Macon.
By Private Wire to Glbert & Clay.
New' York, Dec. 11.—Marshall, Spader
& Co.: “It Is quite logical to expect a
strong market today, with most Interest
centered In Reading, the Coppers,
Pennsylvania, St. Paul and Southern
Pacific.”
Dow-Jones summary: Americans In
London very strong, 1-2 to 11-2 above
parity.
Treasury gives 120,000,000 to help
money market, half by deposits In
banks all over the United States and
half In redemption of government 4s.
Pennsylvania receiving new cars at
rate of 100 a day, and still ordering
more. • '
Washington begins consideration of
currency reform.
Hank of Elngland expects to meet
financial situation without advancing
the rate, and continues to obtain gold,
losing, however, on balance to the coun
try.
Return movement of currency now
due delayed by great demand for money
at all centers.
Forty-two roads for the fourth week
In November show an average gross
increase of 9.48 per cent.
Twelve Industrials advanced .29.
Twenty active roads advanced .35.
New York Financial Bureau: Infor
mation on Reading continues bullish.
St. Paul Is tipped for a further rise.
Fuel is ready at any time, we think,
to be raised sharply.
Union Pacific should, as before
stated, be Imught on all soft spots.
We have great faith In the promise
of higher prices for Copper.
Anaconda Is tipped for 300 again.
Vanderbilt houses are again bulling
Central strongly.
United States Steel Is exceptionally
well bought now*, and could be raised
further easily. ,
Smelting met good support toward
the low limit, nnd can extend to 155
without opposition.
The Atchison stock Issue Is causing
hesitation In that stock, which we
w'ould not buy except on reactions at
present.
Canadian Pacific should do better
soon.
Erie is being bought by Morgan
houses. The Tractions must not be
overlooked, for the shortage is large
and the pool Is merely “In suspension."
Pennsylvania seemed fairly well sup
ported now below 138.
We are favorable to Rhode Island
for turn. The big earnings of South
ern Pacific should cause some short
covering.
There Is no reason to change the bull
position on Louisville and Nashville or
Southern Railway.
STOCKS REVIEWED
BY NEW YORK SUN
May
43
44%
TODAY’S PORT RECEIPTS.
same day Inst year:
Stock on bund
umJwm available to the gins
toIa * « £!• the other hand, could not s
8,90
‘ in that light at all, and stuck to old
SPOT COTTON MARKET.
nss
I. steady; middling uplands '*•1.1
New .
New Orleans nominal; mid .
St. finals steady; middling lie
Savannah quiet; middling 10 7
Boston steady; middling He.
Houston quiet; middling 16*.
Baltimore nominal; middling He,
j standards of calculation. Aside from
j the more or less meaningless ginners’
{ report, which Liverpool may construe
I tadlcally this inorntng, actual cotton
merchants r**p* rted a continued heavier
demand for supplies than they were in
[Htsition to meet. It is believed that
the combination of circumstances
which have removed the arbitrary dif
ferential of ten points npninst north
nn.l central Texas on local shipments
of cotton to New Orleans may turn
some Lone Star State cotton this way,
New Orleans.
Galveston. . .
Mobile
Savannah. . .
Charleston. . ,
Wilmington. .
Norfolk. . . .
Boston
Philadelphia. .
San Karnelaeo.
Port Townsen*
Jacksonville. .
July. ••
OAT8-
Dec. .. 34*
May. .. 36%
July. .. 33%
FORK—
Jan. ..16.03
ay. ..16,15
LARD-
Dec
Jan. .. 8.77*
8IDKS
Jan. .. 8.82*
May.
42*
43%
44%
Meridian.
« Miles City
Mobile. .
44% { Montgoiuoi
8.77* 8.67* 8.67% 8.85
, 8.65
Pash Wheat-No. 2 red. 75%fc75%: >
do., 73*fi74%; No. 2 hurd winter, 74%<&77:
3 do., 72075.
NORTHWEST CARS.
cars of today, last
nnd last year:
Last Last
Today. Week. Year.
Minneapolis.
Duluth 250 391
THE SUGAR MARKET.
London beets steady.
WEATHER FORECAST.
Lntiislann—Fair Tuesday: colder in south
*nst portion; Wednesday partly cloudy am
vnrmer.
Georgia—Fair and colder Tuesday,
roast; Wednesday fnlr and .
West Florida, Alabama and Mississippi—
nl colder Tuesday; Wednesday fair.
**' "" 111 V *111.1 II .1.I.1..U
Total dncompleteL.l 75529 . j 69*62
INTERIOR RECEIPTS.
Texas—Fair Tuesday
dnesday.
Tuesday nnd Wednesday;
nner Wednesday.
West Texas—Fnlr Tuesday and Wednes-
warmer In north portion Wednesday.
The follow lug table shows receipts nt the
Interior towns today, compared with the
same day last year;
»*
1905
llonNtoit.
26955 *
24X» '
Augusta.
■2268
2720
Memphis .
5707
St. Lulls
5*Nl
1628
Cincinnati
670
1439
Torn)
3SSS4
38532
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bel! Phone, Main 833.
ATLANTA. GEORGIA.
_ I
wMch under previous conditions would
havj gqne to Galveston, *!ut ^he dls-
1 tut bed exchange market at New York
‘ is l>eing reflected at New Orleans In a
situation wholiy unsatisfactory to the
exporter of cotton. Some local bank
er* arc refusing to pay more'than 4.77
for sterling bill*, tin* lowest rU<* in
puny year*. j4pecul.itive im*r« H*\va*
n*d Incrvneod |A any important nt
and today’s official crop ystlnmtt?
MINING STOCKS.
New York.
Norfolk
North Platte. . .
Omaha
Palestine
Pittsburg
Portlmi*!. Me. . .
Portland, Ore. . .
St. I^iiiIm
St. Paul
San Francisco. . ,
Savannah
Spokane
Tampa
Taylor.
ThomnsvIUe. . .
Vicksburg. . . .
Washington. . .
Wilmington. . . ■
T Indicates ttn
of rain or snow.
J. B. MAUBPPY.
Section Director.
THE LIVE STOCK MARKET.
Chicago, Dec. 11.—Hogs—Estimated
receipts today 28,060. Market slow;
bulk $6.1506.30; mixed $6.05£t6.30;
light $6.05 <<i 6.30; heavy $5.85*^6.35;
rough $5.85 it 6.05; pigs $5.50 5t 6.25;
yorkers $6.25 *b 6.30; good to choice
heavy $6.2506.35.
t.'attle—Estimated receipts 5.500.
Market steady; beeves $4.00*H4.75;
cows $1.3004.70; heifer* $2.8005.10;
calves $5.5005.75; good prime steers
$5.5507.45; poor to medium $4.0005.50;
stockers and feeders $2.60414.6u.
Sheep—Estimated receipts lS.oou.
Market steady; native $3.2505.85;
western $3.2505.75; yearlings $5,600
6.35; lambs $4.7507.85; western $4.75
New York, Dec. 11.—The Sun says:
"The first loan made on call was at
20 per cent, and almost Immediately
the rate rose to 28 per cent, holding be
tween 25 and 28 per cent, until renew’
als were made at 25 per cent, after
which It began to decline until it
dropped to 6 per cent shortly before
the close of the day’s business.
"Time money waa. If anything, a lit
tie more stringent than at the end of
last week, for while the rates did not
rise above the highest quotation then
made, the outside figures were paid In
most instances. Up to the close nt
business no announcement was made
of any action on the part of Secretary
Shaw to relieve the situation, although
during the day hankers freely ex
pressed the opinion that on account of
the stringency In time money relief
would soon be forthcoming in the Inter
est of the country’s commercial activi
ties. On the afternoon advance, which
was accompanied by an Increase in the
activity of the market, early losses
were about recovered in many cases,
closing quotations being In a few In
stances fractionally above those of Sat
urday and some satisfaction was de
rived from the fact that what are con
sidered the special favorites nt Stand
ard Oil Interests—St. Paul and Ana-
onda—were among the strongest fea
tures. It was rumored that the divi
dend on Anaconda would be increased
when the directors took up the question
next week, and there was reiteration »f
the rumor about an extra distribution
on Reading to account for the great
strength that Issue displayed In the
last hour. Satisfactory progress, It was
said, was mude during the day toward
adjustment of tho labor controversies,
which for some time have been the
cause of uneasiness In Reading official
quarters."—Glbert A Clay.
Canadian Pacific Had Seu-
sational Advance of
Over 5 Points.
HIGH RECORD PmCE
Reading Was Persistently
Bought—S. 0. Brokers
Bought U. P.
0<KHW<HJ<HSO<HKJOOOOOOOOCOOOO
0 SHAW WILL DEPOSIT
O $500,000 IN ATLANTA
0
0 New’ York, Dec. 11.—Secretary
0 Shaw will deposit $10,000.i
O existing depositories as foil
0 New York and New Orleans. $i,i $
0 500,000 each; Boston, Philadelphia
0 Baltimore, Chicago and St. Louis] -
0 $1,000,000 each; Cincinnati, Louis.' J
0 vllle, Atlanta and Memphis, $:,*
0 000, and also buy $10,000,00o
0 the bonds of 1907.
0
00000000000000000000000000
New York. Dec. 11.—The annnunron
that $20,000,000 treasury funds will be
tiered Immediately available for mnny i
ket use, half through bond redemption
half through direct deposits, was quit,
line with what had been anticipated ye.
day. There was some quibbling In hp*>.
tlve circles over the fact thnt th*» m.
Is to be so widely distributed Instead <.f ail
coming to New York city, but In hieli
financial circles this objection wns m»i >
riously considered. It wns contended r<
sonnbly enough thnt the Increases of
eminent bonk deposits in other parts of th«
country would nt once react favorably
the local bank position by correspond!!
reducing the demands upon this renter f
correspondents In the South and w
During the remainder of the year
should have the effect of turning the I
rlor exchanges In favor of New York, which
Is the Important thing to see accomplishes
Call money on the news opened at 10 per
cent this morning nnd quickly dropped to s
•er Cent. In the early London dealing*
ns a very shnrr -*- • *
selves completely to the high*-
there were repen toil evidences nj n.-av
profit-taking, which caused considerable I
ved.
New York, Dec. 11.—There was er
a scramble to cover qn the present
nt the opening of the stock market, n
tial quotations showed general gain;
Ing from * to 1 point. The shnri
id iul*
•t rl*
* to 1 point. The sharpest
scored In Canadian Pacific, which <
<1 5% rU*ore yesterday’s cloning level.
The newest action of the secretary nf tli**
reasury In arranging for a heavy lnrr**n«e
ash holding* in national banks w
Ilefoi
sole market factor this morning
our market opened operators hen- had
stocks In large amounts in London
turn London" bought, fully 50,mo share
around the room on the New York exehang-
In the first few minutes. Philadelphia ami
New York houses were persistent
iiiet with such n large stingy In thnt st™
* **. The extr-r
that Its price reacted
nin of ** ‘
'adfle,
^ sensational
of 5% to 198. the highest price at which t!
stock hits ever sold. Htandard Oil broken
buyers of Union Pacific and St. Paul.
eminent* unchanged; other bond*
LONDON STOCK MARKET.
Op nlCIon.Cii
Amalgamated Copper.
Baltimore A Ohio.
Canadian Pacific. . ,
Chesapeake A Ohio.
.116
. 294 >4 2*
. lof>% 104*. I'd
.1119%
.1196* 198% 1'
. 58% .
Denver Rio Grande.
Erie
do. preferred. .
«treat Western. .
Illinois Central. .
Kansas & Texas,
do. preferred.
I 4*>
THE METAL MARKET.
New York, Dee. 11.—Copper strong. Tin
vns up %e for spot and near-by deliveries.
Spelter nnd lend were n fraction better.
nn,
Louisville A- Nashville. . . .
Mexican Central
New York Central
Norfolk & Western
Northern Pacific
Ontario ,V: Western
Pennsylvania
Philadelphia & Heading. .
ltock Island
Southern Pacific .
Southern Hnihvny
do. preferred
NEW YORK COFFEE MARKET.
St. Paul
United States Steel,
do. preferred. . . .
184% H4%
.! 50% ■'»%
.1106 K-%
Following I* the opening range ami
close lu the New York coffee market for
today:
January .. ..
February .. .
March
April
May
June
July
August ..
September ..
Of tottc
Novt»ml*er .
December .
Closed ste
Opening
Range. Close.
..5.35 5.35-5.40
..5.40-5.50 5.40-5.45
..5.55 5.50-5.C5
. .5.60-6.79 5.00 5.65
. .5.75 5.70-6.75
. .5.7521.85 5.75-5>5
..5.85-5.90 5.85*6.90
. .5.90-6.0) 5.90-6.00
.. ..6.05 6.00-6.05
..6.01-6.06 6.05-6.1**
. .6.15-6.25 6.10-6.15
..5.25-5.30 5.20-5.30
Union Pacific,
SOUTHERN EXCHANGE
Oldest Established Office South
COHON—SMCtS—BOROS—«■
Ground Floor Gould Building Dn”
market letter and market manua;
mulled on Application.
dlnn 8%. Copper Range 81, Mohawk i
fornia nn.l Arizona 162. Butte C.dlectlo
35*. Atlantic 13%.
THE COFFEE MARKET.
New York, Dec. II.—The coffee mar
ket opened at a decline of 5 to lo
points, owing to disappointing French
cables. Havre was thought to be due
to come about 1-4 to 1-2 franc higher,
and after showing nn advance of 1-4
franc at one time during the morning,’ Wheat
was r.et unchanged at the hour of thelJ^J"*
local opening. Later the decline here j jfJJ?!
wax Increased owing to the big Sao j
celpts for the day and during;
LIVERPOOL GRAIN MARKET.
r
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. 6. CUBRIER, Pre.ldont, A. E. THORNTON, Vle,-Pre«i«":.
H. T. INMAN, Vlce-Prsaldtnt. QEO. R. CONOVAN, Ca.hier.
JAMES 0. FLOYD, Aos'l Ca*h!er.
Wheat opened unchanged; in;2> p.
to % higher; closed % higher.
Corn opened % higher; 10:3d j».
higher; closed unchanged to % high*
Capital... $500,000 00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
CHICAGO CAR LOTS.
mated receipts for tomorrow:
Today. Tomor.
HiJBBARD BROS & CO
the middle session the market
about 10 to 2*4 points net lower with»
prices at the low point of the previous *
day all of yesterday's recovery having
been lostv Receipts, at Sa«> Paulo for j D«xvml*e»
the-day were S*».2ls bog^. against gvSSf ]
. _ for the sttne fay last > ear. Receipt * a* I
therefore, be l.irgdY dependent-upon Rlo and Hanto*-for the first ten days { .May 1
fresh speculation for its mlluenc** onjof this month have been about 529,*J0v j July, *
COTTON 6EED OIL.
Closing
=n»£4.-»
COTTON
•1 MERCHANTS
Atlanta Office*. 219-211 Century Building.
Members New York Cotton Exchange. New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchange*.
Direct wire service. Correspondence invited.
Phones *H, I-one Distance .99. A.S. Huctsr- M«.
valuta."—Glbert & Clay,
bags.—Glbert A Clay.
Bates, 1« Utcwnbrr-at Closed steady.
s.