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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.