The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 14, 1906, Image 10
flfibi;
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THE ATLANTA GEORGIAN,
FRIDAY, DECEMBER 14. 19Cfl.
ENTIRE SESSION
NEWS AND GOSSIP
of the Fleecy Staple.
Liquidation and Bear Pres
sure Forced Prices
Sharply Lower.
MOVEMENT IS HEAVY
Spot Markets Are Display
ing Weakness and Quo
tations being Lowered.
New York. Dee. 14.-The cotton market it
the opening made n full response to the
weakness displayed by the list nt IJver-
pool. FI rut price* here were 7 to 12 point*
lower and after the call the undertone con
tinued cany. At 10:30 n. m. the quotation*
clow.
13 to IS |»oliit* below yesterday'i
Private wire to Glbert k Clay.
New York, Dec. 14.—Liverpool at 13:30
E . in. 2 to 4 higher. Was expected 14 to 2ft
lehcr. On thla bn*l* we *hould opeu about
* higher.
Journal of Commerce: The market holde
ver*e development* for month* to come.
The demand for good* I* generally well
maintained, although condition* are nulet
by comparison with the great volume of or
der* received three or four week* ago. The
merchandise under order is Indng sent out
a* rapidly a* possible, and within the next
twenty day* the largest movement from
this city ever known In the history of the
trade I* anticipated, and I* being prepared
for.
New Orleans. Dec. 14.—Liverpool nt 14 to
"Market nets a* I
•rpool
and look* toppy."
Understand the Influence of unfavorable
cable* and large Houston estimate prices
working lower. Very little support at
the moment I* In evidence, nnd that little
Is thought to he through fear of coutiuucd
activity In spots.
The spot situation 1* much quieter. More
gether.
The English market on * Thursday n
lug wasi slightly better than due on
New York's close of Wednesday • In the
futures department, prices In that market
showing advances of 2 to 4 points, whereas
14 to .74 would have been n full response.
Immediately after the opening sentiment
was suddenly reversed, probably the result
of selling from the American speculator and
prices gave way rapidly, the close being
easv. 4 to R points below the closing quo
tations of Thursday.
Following Is the range In the actlrs
months in Liverpool today.
Open. High. Low.
December.... 5.62 5.52 6.40
Janunry-February 6.47 5.474 6.374
31aroll April 5.464 6.47 5
May-Jit lie '..... 6.51 5.51 5
The English spinner apparently does not
fake the government's guess so seriously ns
the speculative element, as Is Indicated by
their liberal takings, today aggregating
lif«00 bale* nt unchanged prices; middling
6.7?.
The New York market did not respond to
. »rpool *~
7 t
fact the opening was weak nnd 7 to 12
points lower, whereas n response would
* i sdrance of 1 point
prices was steadily downward until prices
were selling some 24 points lower.
The beara are pressing the advantage
| ithem by the governments guess ou
irm
Of Interest to the trade Is a comparison
of previous estimates with the actual out
turn. On these figures the tanrs are pin
ing their faith. The only question, they
aim. Is how many hales must be added
to arrive nt the actual outturn this
In commenting on the report the New
York Commercial says:
"In the past government estimates have
been very Incorrect, but In spite of this
they do not seem to lose their speculative
value. A Idtter protest from both the North
and the Mouth against this sort of manipu
lation has gone up for years, nnd while It
has never had any effect so fsr, some bets
be the last of Its kind ever Issu*
The following figures show the govern-
1 tn« ‘
ment guesses and the crops In past yenr*
December
eat. of Dept.
Crop 1397-1398 9.100,W0
Crop 1898-1399 10,000,000
Crop 1399 1910 3,900.000
Crop 1900 1901 10,100,000
Actual
outturn.
11,131.000
The western forecast Indicates showera
today for taulslnna and eastern Texas and
clear weather for the balance. Hat unlay fair
and colder.
The eastern forecast Indicates generally
unsettled weather tonight with showers
r and warmer.
SPOT MARKETS
REFUSED TO DECLINE
New York, Dec. 14.—The Hun says: "If
there Is truth In the homely old saying,
'Go away from home to get the news,' then
Liverpool was giving the new* yesterday
to the cotton world of this country, news
that the recent crop estimate does not al
ter the situation for the worse ns viewed
f ,
only from tancashlre, but from the
tlnent; that European operators
posed Jo buy futures 1 ; tfat the offerings
id,
word, that a crop estl
Is very far from being n bearish argument.
mu—. — .— r * a( , oni hle inferences
ved from Liverpool nnd
•parent.
apt)
Meautlme, Southern spot markets refu
give way, the planter seems to have be
come once more militant, or, rather, more
militant thnn ever. Houthern spot holders
Crop 1901-1903 9,874,000
Crop 1902-1903 10.417,000
Crop 1903-1904 9.962.000
Crop 1904-1906 12.163,010
Crop 1906-1906 10.137.000
Crop 1906-1907 13,546(000
11.235.000
9.440.000
10.426.000
10.701.000
10.768.000
10.124.000
13.557.0001
11.320.000
Uonihny movement for the week endl
December 13: Receipts 93.000, against 93.1
Inst week nnd 74.000 Inst year. Hhlpmeiits
14.000, ngainst 14,000 Inst week and 13,00p
cotton
Hester, of the New Orleans
change;
1806. 1906.
Overland for week. 61,254 * 47,124
Mince Heptember 1. 606,620 361,906
In sight for week.. 669.206 394.677 461,047
Since Heptember 1..6.902.064 6.315.707 7,100,889
Superintendent King, of New York, give*
1904.
62,322
431,234
the amount brought Into sight for the week
nt 679.545, against 535,844 last week nnd
394.680 Inst year.
Comparative receipts at U. K ports:
Net receipt* today 87,381
Same day Inst year 47,286
Increase 40,096
Total receipts for the week 408,944
Maine week Inst year 267,723
Increase 151,221
Totni receipts since September 1....6,128,193
Maine time Inst year 4,583,213
537,979
1906.
New Orleans 15,000 to 18,000
Galveston 11.000 to 16,000
Houston 19,000 to 21,000
Movement nt Atlanta:
Receipt
1906.
6.436
4,306
Marne day Inst yenr
Incr
Mhlptnent* today
day last year
Increase 1,400
Btock tin hand today 16,853
Maine day last year 8,341
lnerense 8,017
.There wua n little spurt of activity lit the
late trading on which price* were forced
above the low |Mdnt some 6 point*, the close
being steady net 20 to 25 |»olnt* lower.
GIBERT & CLAY'S
DAILY COTTON LETTER,
New Orlenna, Dec. 14.—In Liverpool
nptlonb ruled somewhat easier, finally
closing five to six points lowqr thnn on
the previous-day, and this (legate the
fact that Jfol>ales continue on a large
ffcale, 12,000 bates being traded*In today
its compared with 14,000 yesterday. If
any proof were necessary to demon
strate the status of those *i>ectilntlveiy
Inclined •that gome were clearly Indi
cated by the gesults attained In today’s
tradltig, wW*h the absence of the hith
erto sustaining spot feature was made
the moat of In creating a lower level of
values. Unfavorable cables nnd the
almost Irresistible weight of the move
ment likewise aided materially the de
cline. In so far aa statistics are. con
cerned the tnfluefico* la so overwhelm
ingly favorable to lower prices that It
Is almost essential for a more regulnr,
more even running and less spasmodic
demand for cotton to prevail If a coun
teracting balance la to he placed on Im
minent supplier. In connection with
the movement, it la Interesting to note
the unprecedented rapidity with which
the present growth thus far has been
gathered, ginned and rushed to mnrket,
and which naturally has caused the
tremendous congestion of traffic nil
through the cotton district. However,
relief may come with the Christiana
holldaya and the cotton thus set In mo
tion mny aid materially In swelling an
already liberal movement.
SPOT COTTON MARKET.
steady; middling uplands 5.79d;
New York, steady; mb
New Orleans, steady:
Hint
middling 10ftc.
Angustn. stendy
* ’ —*st;
ily; middling 10l-16r.
lousto wphhpbmv
Galveston, stendy; middling 10 5-16c.
Norfolk, stendy: middling lOftr.
• Baltimore, nominal: middling 10ft|
Suvnuimh. quiet; middling
ng ioftc.
9 15-160.
TODAY’S PORT RECEIPTS.
The following table shows receipts at tha
Interior towns today, compared with tbs
same day last year:
New Orleans ,
Galveston ....
Mobile
Mavannnh ....
Charleston ...
Wilmington ...
Norfolk
Balt lux-re ...
New York ..
Boston
Philadelphia
3568
12649
1566
Sii
6382
1299
1348
INTERIOR RECEIPTS.
Houston .
Augusta ,
Memphis
19636
1982
9448
4615
6«2il
1207
7831
>186
nml Wall street. Including, It In said, some
stock exchnnge operators, seem disposed to
buy. The result wns s substantial nd
vanre here early In the day. It waa fol
lowed, It Is true, by a reaction on real
(slug and short selling, due partly to con
tlnued large receipts nt the ports/*
New Orleans, Itec. 14.—The Times Demo
crat aayn: "Hpot market news wns some
what conflicting, hut the l»cst evidence oh-
tnlnahle encouraged the liellef that raised
limits only would bring out needed sup
plies of good cotton. As the situation now
stands, the rings do not fenr nctunl cotton
tenders, but the country’s fiuiinclnl
plications are n source of much co
Actunl cotton I* not talng offered freely nt
concessions, some operators to the contrary
notwithstanding, nnd many reliable In
formant* reiiort the tension Increased be
cause of tno greater premiums asked.
Thus. It would seem that *|w»t cottoufown-
era are predicating tbelr demands upon
some well defined Ideas of the value of
their holdings and not upon speculative
fluctuations. Anyway, when futures decline
spot premiums anpenr to advance automat
ically. Meanwhile, the rings are Inactive
for the season of the yenr nnd room traders
generally evidence more Interest In the
movement to secure innxlmuiu Christmas
and New Year’s holidays than In the side-
lights of a very complicated. If not n very
dangerous, slfcintlon. — Glbert A Clay.
Atlantic* Coast Line. .
American Sugar Rtf. •
Auacond.v
American Locomotive.
do. preferred. . • •
Am. Mimdtiog Ref. . •
do. preferred. . • .
UU. pmerivu. . • • ■
American CotBm OIL .
Am. Car Foundry. . •
THE PRIMARY MOVEMENT.
The following figures give the primary
mvement of whent and corn:
Wheat—Receipt* today, 682.090 bushels;
Inst week, 322,000 bushels, ngnlnnt 791,am
bushels Inst year. Hhlnment* today, 327.000
bushels; last week 67«.OU0 bushels, against
200,000 bushels Inst yenr.
i—Receipts todny. 524,000 bushels' Inst
Iwcck. 475.000 bushels,' against 521.000 lnish-1
els Inst year. Hhtpments today, 2S3.0 , )0
..... ...„ .minim ...
bushels; Inst week, 144.UOO bushels, against
497,OnO bushels Inst yenr.
THE COFFEE MARKET.
New York. Dee. 14.—The coffee market
opened at an advance of 5 to 10 points In
response to better Kuropenn rabies than ex
ited, In view of the reaction that oc
curred In the local mnrket late yesterday.
There wns not more thnn n moderate de
mand, but offerings were light and the
market Improved n little during the middle
session with prices nt midday nltout IS to
20 points net higher. Receipts continue on
about the recent average, with the two
ports getting 93,600 bags, against 36,060 last
year nnd Juudtnhy 59/mi, against 25,000 Inst
year.—'Glbert A Clay.
Following Is the opening range and
_ ose lu the New York coffee market for
today:
Opening
Range. Close.
January 5.35
February 5.46-5.56
March ..5,55-6.66
April 6.60-6.70
May 175 5.80
June ,.5.60-0.85
July 5.*l
August 5.954.00
Mepteiuber 6.06-6.16
October ..6.16-6,20
November 6.15-6.61
December .,6.25-5.35
Closed stendy.
5.40-5.46
5.5*1 5.53
5.60-5.66
5.65 5.70
5.75-5.80
5.85190
6.90193
6.00-6.05
6.06110
6.10-6 IS
COTTON SEED OIL.
Following were the opening and closing
prices on cotton teed oil todny:
Opening. Closing.
December 39ft4i'41
January 37ftfi3Sft
Feb run ry 37*4X13*
March 864S37
May ““
July
iiv ...
, Males:
I at 36*4.
41 M
37ft4?37ft
36 ft U 37
1907 MARKET PAGE
—will be even better than we have
given heretofore.
The Georgian has four member
ships in the new Chamber of Com
merce Market Exchange, and our
own wire direct from New York,
and will continue to make its mar
ket page the best we can produce.
Remember—Mr. Lively, our market
editor, has had over a quarter of a
century experience at his business.
His markets are reliable.
Edited by
Joseph B. Lively
MARKETS
Mr. Uvsly’s twsnty-flT#
years* experience of ed
iting markets In Atlanta
•nd the South bis made
him « recognised au
thority In his specialty.
TIPS FLASHED
From Wall Street
The upward trend In 8t. Paul la more
strongly ibonn thnu ever, the limitation
stock toward 190 having been easily taken.
*” would buy It for turns on reces
sions.
Fifty-four Is reported as Fuel's support.
Louisville nnd Nashville Is held ataut 145.
rV are bullish on It for a long pull.
New York Central Is supported uround
132.
I'ennsylvnnln Is still held Just above 137.
Rending should not decline further than
144 on this moveiueut, and we would buy It
from 144 to 145. with a small stop.
_ believe It will be put much higher
later, nud It Is now due fur u wily.
Union Pacific has been forced through
the first support nud may reach the positive
. but we would buy It ou a scale.
Mteel should lie taught ou a scale. Its
support is positive; we understand, uround
Brooklyn Rapid Transit between 77 and 82,
Erie 43 nnd 46.
Rock Island la supported first around 33
und then 28.
Moutbern Pacific is held within the 93
and 96 range for the present.
Dow-Jones Summary—American stocks lu
Norfolk nnd Western announces Issue of
$14,600,000 4 iw»r cent convertible taints with
right to stockholders to subscHta nt oar.
Strong rally In Copper stocks lu tanuon.
(.rent Northern management uot con
cerned over objections of Minnesota attor
ney general to stock Issue, ns It Is not In
tended for any purpose lu conflict with the
state law.
Stocks plentiful In loan crowd In spite of
heavy liquidation on Thursday.
Liquidation affording real help to the
ST, PAUL FEATURE
IN EARL! TRADING
Trading Was Sensational i a
That Stock From the
Opening.
IT SOARED SKYWARD
Standard Oil, Harriman and
Vanderbilt Interests
Heavy Buyers.
money mnrket.
Thirty-one roads for the first week In De-
cpinher show a gross Increase of 10.87 per
cent.
Twelve Industrial stocks declined 1.36.
Twenty active roads decline 1.70.
THE WEATHER.
LOCAL FORECAST.
WEATHER CONDITIONS.
Thq trough of low pressure Is drifting
slowly eastward, musing rain In portions of
Texnn, Arkansas, Missouri, Iowa and Illl-
creasing In energy, while the northwest-
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAUR OF STOCK.
Aninlu'ttnattd Copper.
laltlmor* A Ohio.
Brooklyn Rapid T. . •
Canadian Pacific. . . .
Chicago A North Wo. .
Chesapeake A Ohio. .
Colorado Fnel A Iroa.
Central Leather. . • .
do. preferred. . . .
Chicago A Great W. .
.’blcngo. M. A Ht P. .
Delaware A Hudson. .
Hstlller's Securities. .
Brie
do. preferred. . . .
Genera) Klectrte. . . .
Illinois Central
Am. Ice Securities. . .
Louisvlllo A Nashville.
Mexican Central. . . .
Missouri Pacific. . . .
a .1
ft %
rai; ft
h
111'..
ft
.. u
115%
1$
NAUR OF STOCK.
N. Y.. Ont. A Western.
National Lead. . • . .
Northern Pacific. . . .
New York Central. . .
Norfolk A Western
Pennsylvania.
People's Gas.
Pressed Steel Car. _
do. preferred. . • .
Pacific Mill
Reading .
Republic Mteel
Rock Island
do. preferred. . . .
United Staten Rabbet.
do. preferred. .
Southern Pacific. .
houthern Railway.
do. prefarred. • ,
Sloss-Mheffleld. . . ,
Tenn. Coal * Iroa. ,
Texas A Pacific. . •
Union Pacific. ....
United States Steel
do. preferred. . ,
Ya.-Car. Chemical. .
do. proferrtfi. . ,
Western Union...,
Wabash. .......
do. prsferrod. . .
Wisconsin Central. .
do. prtferrod. . .
Ing colder wentlu
slppl valley und westward t<
Hast of the Mississippi anil In the south
west It has grown steadily warmer nt all
stations, except those on the Great takes.
Snow was fnlllng this morning In North
Snow was fnlllng this morning lu North
Dakota, northern Michigan and western
New York. No precipitation has occurred
In the South east of tne Mississippi.
Conditions favor fair nud warmer weather
In this section tonight; ruin Kanirday.
NEW YORK.
The following Is the range in cotton fu
ture* In New York today:
i 11
o 1 =
1 III
J'
'J
d
»ec
an. . . .
FVb. . . .
Mnr. . . .
April
May. . . .
June. . . .
July. . . .
August. . .
9.37| 9.37
9.45 9.45
9.44 9.44
9.64 9.66
9.79 9.82
9.74 9.74
9.91 9.91
9.73 9.73
9.141 9.18
9.26 9.32
9.44 9.44
9.49 9.54
9.fl5| 9.70
9.74 9.74
9.75 9.81
9.60 9.60
9.19-21
9.32-33
9.41-43
:•..*! .v,
9.60-62
9.70-71
9.75 77
9.81-82
9.64-86
9.44-46
9.53-54
9.62-64
9.76-77
9.82-S4
9.91-92
9.56-96
10.01-02
9.85-86
Closed sternly.
LIVERPOOL.
The following gives the opening range
•nd close, compared with yesterday.
Futures opened steady.
opening _ Previous
Range.
December ....5,52 -6.48ft
Dec.-Jan 6.49ft
Jan.-Feb
Feb..Mai
Mar.-April ..5.46ft-$.
April May ...5.48ft 5.45
Mny-June ....6.51 -5.48 6.46
n. rn. Ctoae. Close.
6.48 6.41 5.49
6.44 6.38 '
.-Feb 5.47 -6.4414 5.42ft 6.37
>.-Msr. ..6.46 -6.46ft .... 6.37
r.-April ..6.46ft-*.44ft 5.42ft 6.37
July-Aug. ...A.62ft-5,G
* t.-Hept. ..6.47
osed easy.
6.39
6.41 ......
5.42ft 8.47*|
NEW ORLEANS.
The following Is the range In cotton fu
tures In New Orleans today:
....10.06-07 10.29 30
NOTES ON GRAIN.
Pointers on Provisions.
Chicago Record-Herald: (effective work
la being done by the delegations of grain
men from all the American markets which
assembled here Tuesday to make a uniform
standard of grain grades for the United
State*. Some of the delegates brought In
structions, but these only served to show
that the sentiment was unanimous. Special
committees of seven each were appointed
for wheat, corn, oats, rye and barley. In the
ufteruooii there was a meeting of the chief
grain Inspectors of the country, nml these
marked out n set of Instructions to ta fol
awed by the committees In making up the
.egulntlons to be followed. President II. I..
Goemnnii. of the Grain Dealers' National
Association, said Inst night that there was
every prospect that the Idg step forward
In bringing about standard grades for all
of the market* would be successful. A com
mittee of fourteen, representing the grain
markets of the northern European coun
tries. Is expected here In January. Thla
WHEAT WAS HIGHER
AT THE OPENING
Eased Off Later—Commis
sion Houses Moderate
Buyers Early.
Chicago, Dec. 14.—Wheat closed l-4c
lower for today; corn was off 1-4# 1-2c,
oats lost l-4tff3-8e and provisions were
off 2 1-207 l-2c.
Wheat weakened late on The Modem
Miller outlook, which shows the crop
us doing nicely.
Clearances from both coasts for the
week 4.343,000 wheat and 1.381,000
bushels corn, compared with 4,434,000
and 3,408.000 bushels, respectively, a
yenr ago.
Lo.TIJ''mT.nir ii* 'rpn^mtstYrciTof 1 The feature ,n corn was the calling
Tuesday's meeting. Between the morning °* 800,000 bushels long May by Cont
end the afternoon sessions Expert Hhnu-1 stooK.
tinhan, representing the department of ngrl-j Oats closed rather tame and the
culture at Washington, exhibited a device trade In hog products was small late,
for determining the quantity of moisture In; Cash sales were 25,000 bushels wheat,
grain In bulk.| 50,000 bushels corn and 120,000 oats at
STOJ 1 J3MSS !. to S£ 2"
idltlo
whether the grain will retain IVi
heating during long . .
tie cargo must pass through trop-
seoil-troplenl temperatures, Home of
voyage*
,e tio urnd
nt nud ol
nly hopeful feature
"The
tu
heat market l
lu the River 1 latte crop,
do not know where to look
wme firm's Antwerp eorre-
under date of November 9*:
rgeatlna Is favorable uII
River Platte whent. Jan
I February shipment^ with
■iit/tfci,
help.” The
•IMmdent writes
'News from A
I weight of 63 pounds is offered at 16\f.
hlch compare* very favorably with those
prices asked on pwr side for that period. In
ataut three
ml 50* May
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building.
ATLANTA.
Bell Phone. Main 8M
GEORGIA.
i>eks the Argentine
will ta Iii full swing and we think
that the effect will be seriously felt III the
xport figure* from your side.*
Missouri's Itecetunsr crop repiwt makes
and 25.000 bushels oats at the sea
board.
Primary receipts wheat 682.000 bush,
els and corn 524,000 bushels, against
690.000 and 821,000 bushels, respective
ly, a year ago.
Clearances were 389,000 bushels
wheat, 111,000 bushels corn and 3.450
oats.
THE LIVERPOOL GRAIN MARKET.
Wheat—Opened ft higher; at 1:80 p.
unchanged; closed ft higher.
Vrn—opened ft higher; nt 1:30 p. m..
changed; closed ft higher.
CHICAGO GRAIN MARKET
Chlcaff° grain and provision quotation*
for today follow:
July
Corn—
Din* 42ft
My 43t4
July 44ft
OATH-
Dec 34ft
Mny 36ft
Jan... 15.90
Mny... 16.25
LARD-
Dee... 8.70
Jan... 8.75
Mny... 8.85
HIDE*-
Jan... 8.55
High.
taw.
Previous
Close. Close.
I
7376
at
784j
7TS
1
1
4374
41ft
43ft
44
6
i
S'
JJH
36
33ft
31ft
36ft
337k
as
8.67ft
8.67ft
8.89
846 8.47ft 8.50
M fW&WT® ,w *
No. 2 red 75ft4?76 nominal; No. 3 red 73
«75 nominal; No. 2 hard winter 74#76: No. 3
do 72ff75.
WEATHER FORECAST.
Georgia—Fair Friday; .Saturday Increas
ing cloudiness, possibly showers In west aud
centra I portions.
Loulslann, West Florida. Alnlmmn nnd
Mississippi—Increasing cloudiness Friday,
possibly shower* by night; .Saturday fair
and cooler.
East Texas— Hhowers Friday; colder in
extreme north portion; Saturday fair and
rooter.
Arkansas—Showers and colder Friday;
Saturday fair.
Tennessee—Rain Friday, except fair In
extreme east portion; Saturday fair nud
colder.
Minimum and Maximum Tamperaturss
and Rainfall.
Observations taken at 8 a. tu., 75th mart-
Min. I Max. Ration
Abilene
Amarillo
Asheville
Augusta...
Birmingham..
Bismarck.
Boston
Buffalo
Charleston
Charlotte.
Chicago
Cincinnati
Corpus Chrlstl
-2 > »
30 36
El Paso..
Fort Smith..
i UR vest on
Havre
Huron
Jacksonville
Jupiter
Kansas City
Key West
Memphis—.........
Meridian
Mobile
Montgomery
Nashville
New Orleans
New York
Norfolk
North Platte
Omaha
Oswego
Palestine
litUhurs
Pittsburg
Portland, Maine
Portland, Oreg
Ht. l/ouls
Ht. Paul
Han Francisco
Savannah
Spokane
Tampa
Taylor
Thomnsvtlle
Vicksburg
Washington
Wilmington
Yellowstone
New York, Dee. |4.—Competitive
buying of St. Paul on the stock ex-
change by Harriman and Morgan, coq.
pled with Jieavy pelllng of Great North,
ern and Northern Pacific by Harriman,
together with the announcement that
suit had been begun In Toronto attack.
Ing the title of the Nlplsslng Mines
Company, upset the stock market. Th-i
first prices showed an advance of front
1 to 3 points over the closing yesterday.
London sent over materially higher
prices, but 8t. Paul, the rise In u hlch
caused the reaction of yesterday. np* n .
ed at an advance of 1 point and rose at
once from 192 1-2 to 197 1-4.
There was sensational trading in St.
Paul from the opening, which was ;»-j
higher at 192, advanced to 198 1-2, and
then reacted to 194 3-4.
New York, Dec. 14.—The stock market
opened Ann with fractional advamc* i>.
corded In the majority of Issues. Kxm,.
tlon* were found In Pennsylvania and
Baltimore and Ohio, which were down
Great Northern up 1 point; Northern r.x
clflc gained ft; Canadian Pacific advnn.ed
Houses representing Standard oil,
Harriman and Vanderbilt Interest!
bought heavily. The rapid price m
ments were accompanied by many
stores. The Hill stocks were steadier
at about the decline sustained yester
day. There was general Improvement
all through the list, which was regard
ed as a decidedly favorable factor for
the entire market. At the end of the
first hour the list was generally strunj
and active.
Government bonds unchanged. Other
bonds active.
MINING 8TOCK8.
Boston. Dec. 14.—0|»enlng stocks: Ten
soli. 23ft: Shannon. 16ft: Mohawk. 7’
Osceola, 133ft; Wolverine, 171; North lbv
T indicates trace of rain
J. B. MARBIJRY.
Faction Director.
LONDON STOCK MARKET.
8TOCK8-
Auinlgamutcd Copper
Anaconda
Atchison
Baltimore and Ohio
Canadian Paclfle
Chesapeake and Ohio
Denver and Rio Grande ...
Erie
do, preferred
Gr»at Western :
Illinois Central
Kansas and Texas
do. preferred.
Louisville am) Nashville ...
113ft
289 |2it ,2914
103ft|M3ft l'i't
56ft J 1
42ft
44ft 44ft lift
Mexican Central
New Y'ork Central
Norfolk nnd Western
Northern Pacific
Ontario and Western
Pennsylvania
hllndelidiln and Reading....
!74ft ! 174ftl75
4«>ft' *
72ft ;
140*4 147ft
IfiM’k Island
Southern Paclfle
Houthern Railway
do, preferred
preferred
Union Pacific
United States Steel
do, preferred ...
Wabash
do. preferred
ir7ft'n:*i i*
14*5 1146ft 14*’j
30ft j
ntxn »mxl' 'in:
Wftl '
191 ft 197fti«'i
'1S4 I1.S5
. j W
lOlft'l '4ft is,4
19-ft |
CHICAGO CAR LOTS.
Wheat
Corn
Oats
Hogs .
Todav. Tomnr.
19,000 12,0*)
SOUTHERN EXCHANGE
Oldest Established Office South.
conos—STOCKS BONOS—GB1IN
Ground Floor Gould Building. Dally
market letter and mnrket manual
mailed on application^
WM. L. PEEL. President.
ROBERT F. MADDOX. Vies President
WINDSOR. Assistant Canider
MADDOX-RllCKER 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 seme
annually in our Savings Department.
Nsw York.
Baltimor*.
Boston.
Atlanta.
Chicago.
New Orleana.
Washington.
3an Francisco.
Philadelphia.
London.
the 1*W f
yield 234.O0U.Oui) bushels, against
246,000.000 biinliflH a year ago. The gmerti-
iiouif'* Noveiutar esUnmt** was 194.00X000
tiushels nnd the 196 estimate was 20fl.0tW.OiO
bushel*. The «|uallty this year is 91 nml
the yield J»er acre 33ft bushels. The wheat
«-otuRtlon I* *>2. nsnltiHt 9») n year ago and 87
last June. The g>iverntneut estimate of the
condition in June, however, was- 91. The
wheat area sowu this fall wns 5
larger tlmu Inst year, or ldO.OU) ne
thnu estliuated bv the gi>vernuient.
Australia's wheat rtop Is estimatcl
OOiX'NW luishel* wlthjtu exportable smplu
The American Audit Company
100 Broadway, New York City.
F. W. LAFREKTZ, C. P. A.. Prea. G. C. MANWARING, Vic. Prea.
THEO COCHEU, Jr, SecrcUry.
Tbe American Audit Company, chartered under the laws ot New York,
I. empowered to examine the affair* ot, and make report, upon the flnan-
l—r ei-iit | clal condition of private and public concern* for directors, officers and in-
.... "■■ ■■ dividual,. The preparation and Installing of ayatema a apeclaity.
ATLANTA BRANCH. 10131016-1017-1018 FOURTH NAT’L BANK BLDG.
txu.i.'.o l.u.lirl. The«* Oeiire..
C. B. BIDWELL, Resident Manager.
T.laphont, Main 872. Cabl* Address, Amdit, New York.
LOWRY NATIONAL BANK
Designated Depository of the United States.
CAPITAL $500,000.00
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.,
,| «Mmw8wwcwwMia^^
Frink Hawkina. Prratilrnt.
Tuonuis C. Erwin. A*st Cashier.
R. W. Dyers. Asst. Cashier.
' ... n. m/rik, AHI. LUBIVi-
Third Nationai Bank
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dargnn.
John W. Grant
!!. r. McCorfi.
.... $200,000.00
.... $300,000.00,
OIRECTORSs - -
Frank Hawkina
H. 51. Atkinson.
Joaenh A. McCord. „
c. »». nuawi.
David Wand ward.