Newspaper Page Text
SRHfRVRI
—
'
THE ATLANTA GEORGIAN,
SB
LITTLE feature
K
Tone Was Steady Through
out the ay’s Session.
Trade ull.
SHORTS COVERING
Over Ginners’ Report Thurs
day aud the Approach
ing Holidays.
Early adrlrs* from the Liverpool market
cotton. Unit price
advance In
, ng 6*©6* points be
low the clow of Tuesday. A loss of lft I*
points was exported. On covering hr snorts
nn advance was started soon after the opr"
lng. resulting In n recovery of about hi
the early loss, the close l>elng very steady
2fc3 points lower.
Following la the range In the active
months In Liverpool today.
Open. High. Low.
December 5-27 5.WJ4 }
Jannary-February 6.30 5.12* 6.27
Marcb-Aprll 6.32 6.35 5.29
May-June 6.36 5.39* ,6.54
Spots were In fair demand, with prices
easier. Middling was marked down 9
points, spinners taking 10.000 bales at the
New ’York did not fully respond to the
English decline, openlg 4ft6 points down,
when It was due about S |>olnts lower, the
late recovery In Liverpool Inducing n rov-
erlng movement on this side under which
the morning trsdlng was done at slowly
advancing prices.
Following la the statement of the semi-
weekly movement
1906.
Receipts 14.946
Shipments 132,206
1905. 1904.
76.439 96,829
61,063 90.080
Htock .. .7..... •..... • ■ 487^884 475.136 545.231
In Its weekly review of cotton Monday
morning. The New York IJornld says, In
reference to the trade In cotton goods and
the legitimacy of the last government crop
estimate:
“Features tending to revive confidence
In a materially higher market are the re
assuring reports with regard to the tmde
In cotton goods, advices talng that there
Is no accumulation of stocks nt nny point,
that mills everywhere have contracted for
their full cnpiirlty, for the Imhincc of this
season, at least, aud that the quotations
of goods show no shading whatever, nnd.
In fact, on some lines are one eighth cent
higher. Writing from Liverpool under re
cent date, an old established house an**
that never In the history of the trade have
Manchester spinners enjoyed a bigger re
turn for their money thau la now being
received.
“In discussing the legitimacy of this
last government crop estimate It might
I hi well to take Into consideration the fact
that while heretofore the deportment has
always underestimated the crop, the
chances ore that this season the official
estimators have endearored to re-estalillsh
their credit by putting out s figure which.
If It deviates at all from, the actual crop,
will be rather too high. If the govern
ment had said anything about acreage In
Its last report there might be more din
position to regard the estimate aa approx)
matclv correct, but Inasmuch as ncream
waa In no way altered, It Is going to In
a pretty hard matter to convince the trade
that lesa than 29.000,000 acres are going to
produce 12,500.000 bale*. There Is this much
to l>e said, however, and that la the ostl
mate Is In bnlea of 600 pounda gross weight,
which does not necessarily mean 12,600,Ofg
running bales, especially so when It Is re
-• 1*.^ u r|(t D f Decem
was nearly 624
am bo taken to
the season will
be at least 616 pounds.
“Therefore. If the government's Idea ns
to the actual production of pounds Is at fill
correct, the chances are for n total pro
duction In bales of not a great deal over
12.100,000. Whether this would be enough
cotton to satisfy trade requirements for
the season time alone will tell. Hut Judg
ing from the consumption outlook, a crop
of i
terlally smaller than at the same time a
year previous."
Trading was dull during the afternoon
session, and under moderate realising salea
sold off slightly, the cloee being sternly 3
ft6 points lower for the active poslttous.
Comparative receipts at U. K porta:
Net receipts today 67,629
Bam# day last year 34.365
Increase 23.1064
Total receipts for four days 253,056
Fame days last year 160.604
Increase i *3,452
NEWS AND GOSSIP
of the Fleecy Staple.
Private Wire to Glbert * Clay.
New York, Dec. 19.—Liverpool at 12:20 p.
m., 5*ft6* lower. Waa due 102* lower.
.On this basis wo should open about 6
lower.
The Journal of Commerce: “Several mer
chants are revising their views of the mar
ket because of the steadiness with which
the demand Is keeping up from small
of goods. Merchandise Is scarce, on<!
measure of scarcity seems Increased .
cause of anxiety to place further orders on
the books of mill agents."
~ crctel:
___ idar that
crop would avarage middling.
It .Is a nice little market Just now—all
In the family.
This Is what some people have been
working for, for aoroe time.
The South continues to sell, but the South
does not seem to be doing any speculating.
* a gambling proposition, the South al-
ys buys, so that the selling It Is mod-
ly doing may be put dowu as against
the actual low grades.
The market needs a Price or a Sully. Bul
ly la now making aoap, but Price la still
In the game, and seems to be simply saw
ing wood. There seems to be no new man
i the cotton horlson—the more the pity!
Can the national government get a tat-
>r report from the sinners of Mississippi
inn the state of Mississippi can?
New Orleans. Dec. 19.—Liverpool at 607
down Is very disappointing. A decline or 1
Today's market Is dull and featureless.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years* experience of ed
iting markets In Atlanta
nnd the South has made
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
IMPORTS INTO INDIA
SHOW BIG INCREASE
Washington, Dec. 19.—Consnl General W.
It. Michael, writing from Calcutta, states
that “the Import of cotton goods Into India
during the last three years" was as fol-
durlng the
lows:
In 1904,
goods 2.1
lu JSKC, yarn 3Q.G
2,287,000.000 yards.
In 1906. yarn. 45,700,000 pounds;
goods 2.461,000,000 yards.
nrt)j 2MOO.OOO pounds; piece
006 pounds; piece goods,
piece
The province"of 'llcngal haa taken a1>oat
goods, and It Is. therefore, argued that the
boycott has not up to this time cut much
of a figure In reducing Imports of cottona
and cotton yarn, which coma principally
from Lancashire, England.
Hut, for the five months of 1906, there
has been a reduction In these figures.
Bengal Imported last year by sea 16.000,•
000 pounds of twist and yarn, against 8,000,-
/ “* A pounds the year tafors. Tola ahowa. It
lalmed. that hand-loom weaving has In
creased tremendously, and that the people
of Bengal, as a whole, are not Influenced
to any considerable extent by the boycott.
Bengal Imported a greater quantity of cot
ton pleco goods In 1906 than In 1906, which
la considered positive proof that the boycott
has not ns yet hurt the Lancashire district
ery much.
BEARS AGGRESSIVE;
MOVEMENT HEAVY.
Same time last year 4,7X1.061
666,525
Houston
1905.
16,005 to 1S.OOO
16,000 to 18.000
11,000 to 16.000
Same day last year ,
Increase
Shipments today ...
Same day last year .,
Increase
Stock on hind today ,
Same day last year ..
increase
SPOT COTTON MARKET.
Liverpool, easier; middling uplands E
antes 10.000.
Atlanta, steady: middling l'V.
New York, steady; middling 10.45c.
New Orleans, easy; middling 10*o.
Augusta, steady; middling 1<>*<-,
Ht. Louis, quiet; mlddliug 10%c.
Boston, steady: middling 10.-4.V,
Gillvestou, easy; middling 10*<*.
Norfolk, steady: middling H»Li\
Baltimore, nominal; middling
Mobile, easy; middling Its-,
Wilmington, quiet; middling 9*e.
Charleston, steady; mlddliug 9\v.
TODAY'S PORT RECEIPTS.
The following table shows receipts at the
Interior towns today, compared with the
same day last year:
hurts’.
New Orleans. • .
Galveston. . . •
Mobile
Havituunh
Charleston. . • •
Wilmington. . .
Norfolk. . . . .
Boston
Philadelphia. . .
Port Townsend.
Jacksonville.. . .
Total
7999
10168
INTERIOR RECEIPTS.
The following table shows receipts at the
interior towns today, compared with the
same day last year:
1916
lfi*W
123)
62W
•771
1270
‘ isuT
New York, Dec. 19.—The Sun says: “The
effect of large receipts and raiding by lo
cal operators was nppareut In the decline
which took place yesterday. Bear aggres
siveness seemed to he not badly timed. Few
cure to enter Into new long engagements on
the eve of the ginners' report and the
Christmas holidays. Nor are they mnch
encouraged to do so by the carefnlly circu
lated rumors that there are likely |o bo
large tenders of low grade cotton on Jan
uary deliveries next week, since low grades,
as everybody kuows* are assigned a much
greater value In the fixed differences exist
ing here limn Is allowed to them In South
ern mnrkets. Low middling here nt only
50 points Mow middling Is rated nt double
the value assigned to It at tho South. It
remains to be seen whether these predic
tion* of big deliveries on or about tho
28th Instant are to bo verified, or whether
they will turn out to be mere alitrmlat
rumors alerted for speculative effect. Ho
much for the purely speculative Influences
affecting the market. The things which
have n more Immediate .bearing on the cot
ton trade ’prober, hat which for the mo
ment. nt least. are Inoperative here, are
the big; demand for. the actual cotton, the
scarcity of desirable grades kud the Increaa-
Ing evidence of a very large. If not unprece
dented consumption of American cotton In
one shape or another all overt he world.*’
New Orleans. Dec. 19.—The Times Demo
crat says: “Disappointing cables and aomo
heavy selling at New York, which waa ac
companied, by a rumor to to* el.M that a
poo! bnd bean formed for the purpose of de-
foie
the
spfcoiatlve market.
_ SpL.
without recourse to the future market. Yes
terday at a time when New York-January
contracts were sidling at 3.22c, buyers were
bidding 9.76c lasts middling for cotton f.
o. b. interior Triaa. ixviils nnd wero ob
taining none. WhBe this conflict values
la ntt. acting widespread attention through
out ilie South, tho fact that the farmer and
not the speculator la pocketing Oie profits
alters th* aspect of coton market affairs
hurdly to be expected that tomorrow’s gin
iters' report will bo small eunuch '
rant bullish elation for tha ol>vlou< reason
- small eunuch to war-
elation for the obvlot.4 reason
tint the record-lreaking movement must
hnv«- been predicated ujion record-breaking
activity among ginners In all parts of tho
Mt. Had such not been the case, spin
ners the world over would now be facing
consumption curtailing scarcity cf raw cot
ton supplies. FuiMImi financial complica
tions abroad and at home arc not condu
cive to bullish enthusiasm ' npi In
sures would seem to Indlcnt * »t the sl ot
market alone will be compete » fight the
staple's battles In both market livisions un
III well iuto the new ye»r.“—Olleit Ac Clay,
GIBERT A CLAY’S
DAILY COTTON LETTER.
NAME OF STOCK.
Am.rlci* augir K»f. .
Anaconda . . •
American LoeomotlT*.
do. preferred. . . .
Am. Bm.lttu Bet. . . .
do. pretend. • • .
Atehlaon. .....
do. preferred. .. .
American Oot'.n OIL .
Am. Car Foundry. . .
Canadian a acme. • • • * * • .
aSBAYSsa::;:':
Colorado Foal A Iroi. . . . ,.
Central Leather. .
do, preferred. .
Chicago A Great W
Chicago. M. A ML P
Delaware A Hudsoa
Distiller's Securities
do.'preferred* 111!!!!
General Electric. .......
Illinois Central. .
Am. Ice Securities. ......
Louisville A NaahvUlgi ....
Mexican Central. .......
Missouri Padfle
Total stock sales today 1,716,800 shares!**
81
St. Pnui ex-rights closed 33*.
NAME OP STOCK.
N. X., out. A Western.
National Lead
Northern Pacific. . . •
New York Ceutrel. • •
Norfolk Jt Western. •
Pennsylvania. .....
People's Una
Pressed Steel Car. . •
_ do. preferred. • • •
Pacific Mali.
Reading
Republic Steel
Rock Island
_ do. preferred. . • •
United States Kubbet.
do. preferred. . . .
Southern Pacific. • . •
bonthern Railway. . .
do. preferred. • . .
Sloss-Sheffleld. ....
Teun. Coal a Iron. . .
Texas A Pacific
Union Pacific
United States Steel. .
do. preferred. . . .
Ye.-Cer. Chemical. • .
do. preferred. ...
Western Union. ....
Wabash
do. preferred. • . .
Wisconsin Central . .
do. preferred. . • .
m
22’ 32
si
NEW YORK
The following Is the range I
tores In New York today:
Dec. . .
Jen. . .
Feb. . .
March. .
April.. .
May.. .
June.. .
July.. .
August..
n
1.16-11
9.16-17
9.38-15
9.45-46
9.63-66
9.61-62
9.66- 68
9.71-72
9.67- 69
pita
9.22- 23
9.23- 35
9.48-49
9.67-68
9.65-56
9.71-73
9.77-78
9.63-66
NOTES ON GRAIN. *
Pointers on Provisions.
For the five
exports of wh
flour from the United States aggregated
69.975.000 bushels of wheat, compared with
62.826.000 the same five months In 1905, an
Increase this year of 16,149,000 bushels, or
nearly 30 per cent. Exports of corn for the
name time were 30,681,000 bushcla, compared
with 42,931.000 bushels, a falling of this year
of 22,350,000 bushels.
The amount of wheat and flour aa wheat
now on the oceans la 80,648,000 bushels; corn.
19.841.000 bushels. I^ist year the amount or
wheat was 31,384,000; coru, 15,972,000 bushels.
During the laat week wheat decreased 736,-
000, corn Increasing 81.000 bushels, Last
year the like week wheat decreased 4,562,000,
corn decreasing 1,104.000 bushels.
Exports of hog products last week: Pork,
2,424 barrels; lard, 10.186,000 pounda; meats,
21,662 boxes. Laat year: Pork, 3,900 barf els;
lard, 16,147.000 pounda; meats, 23,213 boxes.
BroomheU cables that the Spanish council
of ministers hse authorised tho minister of
finance to Impose an additional duty of 2*
pesetas nn wheat per 100 kilos. Tue duty
up to January 31 amounted to 6 pesetas per
quintal.
World's weekly grain shipments:
WHEAT.
LIVERPOOL.
Th# following flfiir,, (Its tb, opsnlnf
ran., .off clow, compared with yeitcrdiy:
Future, opened etu
Prerlou.
tic. 1p.m. Clow. Clow.
Owning
Ran...
December 4.2S
Deo.-Jan (.a -6.27
Jan.-Fob (.a .6.29'
Feb.-Mar. ...4.10 4.0'
April-
Majr-J
■ •gaol
Clowd r.ry ateady.
WHEAT OPENED
A SHADE LOWER
Due Mainly to Failure of
Liverpool to Follow Tues
day’s Advance.
sd close, the speculator Is endeavoring to
make others happy. Wheat was slow all
day, with the exception of s few spurts
of activity. It dosed *G*c lower. Corn
day. Oats *c lower.
lions 2*<|12*c
•oAe day missing.
America
Argentina .
Totals ...
W
i,K|
1.219.000
266,000
1.097.000
2.211.000
..j 4M71»h;tt6.M 4,712155
TWOffl
90,000
_ 19.000
1676.000
Visible simply of grain In the United
States and Canada, so far ss covered by the
Chicago Board of Trade report, hundreds
omitted:
Dec. 17,1 Dec.
Wheat, ouibels...
Corn, bushels
Oats, bushels
Itye. bushels
Barley, bushels...
Total, bushels...
8.719
27.766
2.311
6,334
Dec.
nr
1906. 1906. 1904.
43.246 11.136
5.369
24,189
2.166
7,116
fl,414
further uafavorable developments ...
flnaurla! situation. Final levels were low-
r by 2 points than the previous day’s close,
•bile spot transactions, nlthough reduced 9
ulnts In quotations, were Increased to 10 -
,J0 bales. The market continues Its dull
and uninteresting course, end today the
only feature, if such It can he classed,
was the unostentatious covering of shdrts
prior to the census report tomorrow, which
the government win Issue at 1 o’clock, our
time. The near approach of the holi
days Is niso hnvlng Its effect upon all
branches of the trade, and at the mo
ment there appears to he less demand on
the part of buyers of spot eotton. The
continued heaviness of receipts nnd the
bearish rtHpeet of the statistical position of
expressions ns to the market's course to
exist, but to offset these bearish lh-
fluenecs. however, there must always be
remembered the wonderful trade conditions
II over the world, the enhanced prosperity
•f all classes of consumers end finally the
nbllity nnd growing Independence of the
producer to hold bis products.
WEATHER FORECA8T.
Georgia—Partly cloudy Wednesday and
Thursday; warmer Thursday.
I Thursday.
Tennessee-Fair and slightly warmer
Wednesday; Thursday fair and warmer.
NEW YORK COFFEE MARKET.
New York, Doc. 19.—The coffee market
opened steady at unchanged prices to a
decline of 5 points, and held steady dur
ing the forenoon, with prices nt midday
about net nitchangcd. Trading waa not
active and there was no special feature,
but bulls seem to he gaining confidence na
a result of the steadier toue of the market
since the decline to around 5c. and
rather bullish gossip Is going the rounds.
Ilruxlllsn markets were unchanged, bin
cvlpts seemed to be s little smaller at
inary points. Bears contend this Is
to recent wet weather, hut hulls are look-
^ falling off In the movement.—
r (mowing Is ... m mm%m
close in (fit New York coffee market for
today:
Opening
.Range.
January 6J0
February 6.60-6.70
March 5.70
April
May 6.865.90
June 6.95 6.00
lug for
Glbert
July
August
September
October .........
November
December
Closed steady.
,.6.00-6.06
€.06-6.15
!!!!!!.6236.16
€.306.40
6.50-5.50
Close.
5.56-6.60
6.6S-5.70
5.75-5.80
6.8S-6.9J
6.96 6.01)
6.00-6.06
6.104.15
6.166.20
6.26-6.3)
6.30-4.33
4.3S-6.40
6.606.56
COTTON SEED OIL.
Following were the opening end closing
prices on cotton seed oil today:
Opening. Closing.
December ** —
January. .......
Kehrnary. ......
March. ...... t _____
“"■f V • V • • " •
Closed steady.
LIVE 8T0CK MARKET.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS *
AND AUDITORS
Empire Building.
ATLANTA.
Bell Phone. Main 8dS.
GEORGIA.
I'ltlnlfo, D-o 19.—linn— E.tlln.t«l re-
■lnt« Jn.crt). Mnrk.t aiMilr to o
I.Wr: bulk 'Igb* ho,. J..1SO
6.*): ml,ml M.I2H94St9: h.nv, utiohnnsrd;
,ooil to '■ h■ ii''.. boo,}
rnttto-'ftfttlmiit«Hl rec.lnl, II.0IV). Mur
lri*i -tfO'lr: hrevo. 4l.!.Ki7.2!>: cow. Il.^ii
I,.*: Imlfcr. IJ.ac.it*: .■.:lvo. tK-jt'c; ko*«I
B rlnir .l**cr. B ,»(,?.*); poor to moillum
:»**f6.t6; .looker, .ml froilor. htlMn.
rthoop—K.tlmftti**l ro*** lt)t, S'.OOO. Mnrkol
«ir.*iiL': milro 1t.SeS.90; w«**i**rti
J.B: voorlloir. li hunt*. 11 Tr-u '90
STOCKS AND BOND8.
Ihor^l lullrootl I. p, IK
lio.*r,i. 4*., 1919 lli 114V
KoAionrih St, 1M* lfCH 104
Atlanta Sa. 1911 la 104
Atlanta tfea, IX" W loin
Atlanta and Wret l-.ilnt ISO lit*
Atlanta .ml WV.t Point <l«h.. 109 110
It. C.. lit Inootno ...
»*. It. C.. M Inootno 75
t”. 11 M Inootno 71
<Swrsl* Uallrond Mnk XT
.nil corn 871,000 buihela, compared with
823,000 and 1,121,004 bu.b.l., rMp.ctlr.ly, a
year ago.
Clearance* (or the day 474,000 bn.hola of
wheat, 111,000 baihals corn and 21,000 bu.h-
el. oat*.
Ca.b Ml., ware >7,000 bnihol. wheat, 40,-
000 buibcla corn and UO.OOO bu.b.1. oat. at
cblcaio; three boat loada wheat, tbrer
load, corn and 8,000 buib.la at tha Sea
board.
THE CHICAGO GRAIN MARKET.
WHEAT-
®il 1 i 1 1
C&KN-
Dec 42*
^ 1
16.22* 16.97* lu.07*
16.62* 16.42* 16.42*
a il% S»
Dec
May
July :
PORK—
Jan... 16.15
May... 16.46
LARD-
Dec... 8.80
Jan.... 8.82*
May... 8.96 s.viys
SIDES—
Jan.... 8.80 1.66
JSf± !:S H ll*
CASH WHEAT-
No. 2 red 73* nominal: Nn. 3 do 73^74*
nn in Inn l; No. 2 bard winter 74^76; No. 3 do
NEW ORLEANS.
Tbe following I. the rang* In eotton fn
torn In Now Orleana today:
!5ec7TTT
Jan. . . • .
Feb
March. . . .
April.
May..
Juno..
July,
Closed burely steady,
s IJi
II l
9.93- 54
9.90
9.90-91
9.93- 94
9.98-10
10.03-04
10.0869
10.17-181
9.96-97
19.96-98
10.01-02
10.06-08
10.10-11
10.16-17
10.24-25
ATLANTA MARKETS.
FRUITS AND"PRODUCE.
BOOS—Candled, active, 29c.
LIVE POULTRY—Hene. active. 22*®25c
each: chickens plentiful, 1502Sc each;
ducks. Pekin, 36c each;. puddle. 25O90e
each; geese, full feathered, 66c each; tu^
k %B8ilE T D t POETRY—Geese, nndrawn,
active, lO012*c pound; turkeys, undrawn,
active, 14® 16c pound: hens, undrawn, ac
tive. 13c pound; ducks, undrawn, fancy,
16c pound; fries, active, 15c pound.
PHODUcE—Tennessee ribs and bones, 8c;
Tennessee sausage. 9c; lard, 10c lb.; hnma
octlve. 14c lb.; shoulders active, lOclb.; sides
active. 10c lb.; butter active, 15®22*c lb.;
beeswax, active. 26c pound; honey, bright,
ectjve. 8c poundjj^ honey Jn Dpound_J)lwks»
lady pcaa,’ 3100; stock,
^oSi’^-Quall, active, 16c each; doves, ac
tive, 6c each; ducks, mallard, active, 40c
each; docka mixed, active, fie neb,
wild turkey*, active. 16c pound; rabblta, ac
tlve, 12*c each; equlrrels, active, 10c each:
opossum, dressed, active, 11c pound; opos
sum. live, active, 8c pound. UIMI
FRU ITS—Lerooni, fancy Meesena, HWO
6.00 Rananas, per bunch, culls, active,
90cCW1.00; straight*, |L50©2.00. Plneapplej,
Florid! •V«k.' owlog'to Ju. «nd »“dJffot
New York .l.to apptM, winter T.rle-
Jerseys, I1L00. * Graps . fruit, Fionas
stock! owing to slse andcolor, per SL60
& ■aiK'SS
sacks averaging :
ounds each, owing to
Boetx cibhag, eraUi,
.cur., w.04 crat,: cbb.ee, .Uadard rratM.
te ^.rnd: e»bA.fr, Iwjrrel., ,2c. pouad;
egg plant, active. -12.60 cri
8.10
8.75 8.72*
1.57*
8.75
1.87*
8.57*
8.89
8.87*
8.52*
THE SUGAR MARKET.
New York, Dec. 19.—I.ocal raw sugar mar
ket steady. London bete market steady,
with December and January unchanged.
THE METAL MARKET.
New York, Dee. 19.—At the metal ex-
CHICAQO CAR LOTS.
Below la given receipts today ani esti
mated receipts for tomorrow:
Today. Toraor.
Wheat 88
Torn. . 184
Oats 124
Hoga 30000
STOCKS REVIEWED
BY NEW YORK SUN
New York, Dec. 19.—'The Sun aaya: “The
news, not published until after the close of
business hours Mouday, of an Issue of $66,-
000,000 preferred and 233,000.000 common
stock of the Chicago. Milwaukee and
^aul Railroad Company, this Including —
olume of outstanding stock capitalisation
of the eotupauy by nearly • three-fourths,
gave yesterday, like other previous an
nouncements of similar sort recently, a blow
to the speculative stqrk market, and tbe
severity of the shock, being the third of
the kind within a week, seemed to come
upon the market with culminating force. Iti
many ways the action of the Hr. Paul
directors took Wall street very much by
surprise. The Impression had-become -gen
eral that a new Issue of stock by tbe com
pany was Impending, but few people In
the financial district seemed to nave any
would be made or that
r that payment
•rtlon of It as
810.000.00>) would be naked within so short
a time as lean than a fortnight hence, aud
would !m» fixed for tbe one day upon which
the financial strain Incident to the end of
the year settlements would Ih» mostly
and the activity of the market was such
at to bring the total dealings In stocks up
to nearly l.iw.OOO shares, a volume of deal
ings that haa not been equalled for several
weeks. The one feature of strength In tbe
market waa Baltimore and Ohio common
stock, which rose at one time 3* points,
and retained more than one-thlnl of Its ad
os approaching, and that an advance In
the company’s rate of dividend distribu
tion on Its common shares was medi
tated."—Glbert A Clay,
e: akra. eix nasxeis. sranu,
idowet. active, 8®We pound; lettuce,
led, 91.fe0O2 drum; sweet potntoes, yel
ective!W buahcl; aweet pote* 0 ****"*!^
active, 60c bushel: kraot, hnif-bnrrel, 13.75;
rutabaga turnip., i*c. 8tr.wb.rrir., J6640u
ernf*.
TIPS FLASHED
From Wall Street
Private Wire to GIlwrt A Clay.
Now York, Dec. 19.—Marshall. Spader &
Co.: “The course of the market toda:
will probably prove Irregular, and the avl
dent Intention of the bnnks to withhold
fund* for later requirements will restrict
speculative commitments, which would Ik?
Influenced by. high rates of call money.”
I»on--Jones' summary: Americans In Lon
don tsroug, * to 1 nlmve parity, with a rally
of 3 iMilnts In St. Paul.
Stock exchange authorises negotiable
porary warrants for St. Paul rights to pro
tect stockholders, permitting splitting Into
hundred-share lots.
Ilsault of policyholders' election of life
Insurance controlling officers still In doubt,
but Indlcatloua point to election of admin
istration tickets.
Kome falling off In demand for structural
steel on nccouut of high money rate and
high prices for building material reported.
United Metals Helling Company advances
Its price for electrolytic topper to 23*c per
pound.
London does not expect that the advance
In German bank rate will cause any change
In Rank of England rate.
Twelve Industrials declined .96 per cent
Twenty active railroads declined 2.22 per
cent.
New York Financial Bureau: St. Paul,
ex-rights, should recover sharply, the de
cline hnvlng gone too far.
Reading waa extremely well bought, and
ahould recover well on a big shortage, al
though no Increase In dlrldeud Is likely to
occur today.
Copper and Anaconda are great purchases.
Professionals will sell Smelting on rallies
owlnr to breaking of support; also Pennsyl
vania.
W® strongly nrge the purchase of Union
Pacific.
i-onlsvllle and Naahvllle should be bought
to hold: also Steel.
Atchison, Sugar. Brooklyn Rapid Transit,
and New York Central remain In trading
limits.
Rock Island. Southern Railway, and Erie
should be taught.
THE WEATHER.
LOCAL FORECAST.
For Atlanta and Vlrlntty—Cloudiness and
probably ralu tonight and Thtireday; warm
hurnlny.
WEATHER CONDITIONS.
Cloudy wonthfr corora tho Boath nnd rain
1. fnlllna at Now Orleans, Mobile, Mertdtnn,
Mncnn, Thomn.vllle, Augu.Ui, Jacksonville,
nnd Charleston. At rnoit .lotions la the
northern half of tho Culled States
other le clenr or partly cloudy.
.luring tbe leet 24 boar, tbe nreuuri
Inereneeil rapidly nt nioet etatlone en_.
the Jllaalsalppl. while to the west It hne
decreneed considerably. Today the center
of highest barometer Is over New Knglsod,
ranging from 10 to 24 degrees.
Minimum and Maximum Tsmparaturss
and Rainfall. ■
Obaerratlona taken at t a. m„ nth merP
FLOUR. GRAIN AND PROVISIONS.
FLOi.’R—Hlgbe.1 patent, ».M: heat pat-
--10; itnndsrd patent, M.25: half pat-
spring wheat patent, fa.
Choice red cob, Wc; No. t white.
eat.
M.W, unnusra p«ieni, ea*»x “
;, K DO; aprlng wheat patent. K.
COHN—Choice red cob, Wc; No. L
64c* No 2 yellow, 87c; mixed, 67e; old crop
choice, 88c; old crop No. 2. 67c; old crop
mixed. 67c: new Tennessee while. 63c; crack
corn, per bushel, 70c.
OATS—Choice white cl
white, 47c; No. 2 mixed,
wnt.r-gronnd, per biiebel,
AV bolted. 140-ppnnd Juice, per bushel «0c:
Bborti. white. H-M: medium. «.«! brown,
II.SS: pare bran. tLS; mixed brand, ILIS.
HAY—Timothy, choice Urge bale., |t.»;
do., cootce enioil bale*, >1.»: do.. No. 1
clover, mixed, 21.20; do., No. 2 clover mixed
1116. Choice Bermuda. 90c.
RYE—Georgia, 11.00; Tennessee, 90c. Bar
^’he^SMore prices are f. o. b. Atlanta.
PROVISIONS—Supreme hams. He. Dove
bams. 16c. California hams. 39 00. Dry salt
extra ribs, $9; tallies. 20.25 pounds, 10.2o; fat
tacks, 8.0): plates, 8.00; Supreme lard, 9.81*;
■now Drift compound 3.60.
trout, 8c noun 1; blue ••■u. m |wu,m t
)sno. lSf»2oc pound, mackerel 8c pound, mix
ed fish, 6c pound; fresh wtaer trout, M/iuc
pound; bar shad, 60C60c; rock shad, 231:30c.
GROCERIE8.
COFFEE—ttoarted Arbnckl. e, Hi W; balk
In bags or barrels, l»\c; green 11912c.
RICE—Ce roll no, 4HC7Hc. according to tha
^CIl'EFflE—Fancy full cream dairy, llfee;
twins. 16c.
Shredded bleqtiL 36 ease: No. 2 rolled
oate, S3 case. Sack grits, 92-pound bags.
31.66. Oysters, full weight, 31-76 case; light
weight. 11.10 ctse. Evaporated apples 7%c
pound. Pepper, lie. Baking Powders, $5
case. Red salaotL-IS cate. Pink salmon
I4J6 cam. Cocoa. 19c; chocolate «c; snuff.
I-pound lira, 48c. Roast beef. 31.30 case.
Corned t>eef, 31J0 case. Cataup, 31.80 case.
G Sirup: .New orieena. J6c gallon; com Sc
lion; Cube 33c radon; Georgia cane, 36c.
It, 100-pound, l0c. Axle grenae. 31.73.
foda creckera. I*c round; lemon 7*e; ore-
ter 7c. Darrel ceudy, per pound, 6c; mix-
^ per pound, «*c. Tomatoes. 2-paund.
caee; 3-pound, 32-25. Navy beans, 12;
rbeans, 6*c. Rest matches, per gross,
“ “. Macaroul, €*G7c per pound. Bar-
-—e. mustard. 33.26 case. Potash. S3.2S0
180 case. Peanuts. 6*c. Rope, 4-ply cot
ton 13*c. Soap. 11.6)04 ease.
LIVERPOOL GRAIN MARKET.
Wheat—ripened * higher; at 1:30 p. m.,
* lower: closed * lower.
Com—Opened * higher; at 1:30 p. m., un
changed; dosed unrhnnget).
Abilene
Anmrlllo. . . .
Asheville. . . .
Atlanta
Auguatn
Birmingham. . .
Bismarck. . . . .
Roston. ....
Buffalo
Charleston. . . .
Charlotte. . . .
Chicago. . . . »
Cincinnati. . . .
Corpus Chrlstl. .
Davenport. . , ,
Dodge City. . .
El Paso. . . .
Fort Bnilth. . .
Galveston. . • . ,
Havre
Jacksonville. . .
Jupiter
Knnsna City. . .
Key West. . , .
Knoxville. . . .
I’noe Angeles. . .
Mncon
Memphis. . . ,
Meridian. . . .
Allies City. . . ,
Nashville. . . ,
New Orleans. ,
New York. . ,
Norfolk
North Platte. .
Omaha. . . .
Palestine. . .
Pittsburg. . .
Portland, Me.
Portland, Ore.
Ht. Louis. . .
Ht. Paul. . . .
Han Francisco.
Mnvnnnnh. , , .
Spokane. . . ,
Tampa
Taylor. . . . .
Thomnsvl|le.
Vlckshurr
SOUTHERN JXCBAN6E
Oldaat Ealabllahed Office South.
COTTOI ST0«:—BOIOS Mill
Ground Floor Gould Building. Daily
market latter nnd market manual
mailed on application.
\ l< k.hurg. . ,
Wellington. .
Wilmington, ,
T luillcate, trace of rain or auow.
ST, FillL ICW
TUI HIM FACTOR
Other Stocks Followed
Closely Movement in
That Issue.
STARTED AT ADVANCE
Important Announcement &
Expected at Meeting
This Afternoon.
New York, Dec. M.-The dliqul.tlng t.
ddenta which upset yesterduy s
made their course felt with even - , 1
Inten.lty In thl* morning'* Uenliim. " r - r
came higher front London, and for m ~
or more lifter the local opening
•hare of rcilitance waa made Tin n ik
outpour of atocka began again, and It
ed fur the t me herng n* if ,„ pl „ ir ,'
completely withdrawn. Tbe high irl* L
jttte* melletl nway point, at a tltt,” w,,u
In the atocka which have ■ wider iuarlwt
tbe decline*, althongb more orderly .....
ocurcelr lei* ocrere. By midday li,
from 2igS point! were recorded all t| ; r,„, c i
the 11*1. The market wa* suffering idaid.
enotigb from two dlatlnct caoae»A,De Si
•entlment of nnenrinea* and dlatra.t
nted by tho great ralhvay* .lock l„’i
which linre been announced within th.* m.t
week; the other the alarm occaaloue/fi
the extreme atrlngency in the mone*
ket. Call money opened today at '
cent, went a* high ne 26, nnd did not rX,
during the whole morning below a net c m
anil tlila in aplio of n gain of Ji .
reported liy the bank* thl* morning nt in.
local sub-treasury. It waa Impossible nnr
longer. In view of the known lucre;.* u,
cnah supplies, to explain thl*. eicrm „
the ground that the principal lender,
money were deliberately withholding theij
accommodation In order to force liquidation
on tbe stock exchange.
New York. Dec. 19.-St. Paul opened
rights at IM, a* against a clo.lng -•
yesterday at 186ti. The market for th.
moat part abowwl adrnnees. Great North,
cm ore certificate* opened lli up. At.-lit-
•on advanced l: Baltimore nnd Ohio gain.
sL^JSMJrtei are
* and Union Pacific *.
Trading In tbe stock market wn* | n -
fluenccd almost wholly by the action of
Ht Paul this morulng. nnd during tb-
first boar nrice movements <n that stock
were dr* f “ •*-" ■" *-- -
tlons In
Ht. Paul,
rights with the opening value of IU „
rights added, made that stock show n prac.
tlcal gain of 3* points. An advance of 1
point In 8t. Paul ex-rlfhta to 155 wan quick-
Iy made, but waa followed by a drop to
151*, after which the tone became *ten<lr
with a recovery of 1 point A gooti .wi
of Interest was attachsd to the tradinc
In Reading because tho directors mem this
afternoon to act on the semi-annual divi
dend. Some Interests expect that nu An
nouncement of some important character
will be made.
Govcriiment bonde unchanged. Railroad
and other bonds Irregular.
MONEY AND EXCHANGE.
New York, Dec. 19.—Money on cal opened
20 per cent; high 26 per cent, low 6 per
cent, last loan 6 per cent; time loans Arm;
"> days, 90 days and 6 months, 6 per cent.
Posted rates, sterling exchange, 34.79*9
4.84*. with actual buslnee* In bankers’ hills
at 3.&29O04.8295 for demand and $4.7830^4-7840
for 80-day bills: comerctePblfis, Cfi7 per cent
for 60 and 90 days.
Bar silver, 62*.
Government bonds firm. Railroad bonds Ir
regular.
MINING 8T0CK8.
Boston, Dec. 19.—Osceola 131; Bntte Col-
BMstlon ttj^TOnUy^U*; Mohawk 71; Shan-
LONDON 8T0CK MARKET.
STOCKS—
Anaconda
Amalgamated Copper ........
Atchison
Baltimore and Ohio
Chesapeake and Ohio .........
Great Western
Canadian Pacific
Denver and Rio Granda
Erie
do, preferred
Louisville and Nashville
Mexican Central
Norfolk and Western
Northern Pacific
New York Central
Ontario and Western ..........
*ennsrlvanta
> hllaaeli>hla and Reading ..
dock Island
Southern ItnRway
do, preforrod
Southern Pacific
Ht. Paul
Union Pacific
United States Steel
do, preferred
Wabash
do, preferred
LOWRY NATIONAL BANK
Designated Depository of tbe 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.
Third National Bank
Capital
Surplus
Hr. A. W. Calhoun.
Milton Dnrgia.
Jokn W. Grant.
H. Y. McCord.
• • a . $200,000.00.
a a . . $300,000.00.
DIRECTORSi j. H. Nuaaally.
Frank Hawkloa. ' J. Carroll Payoa.
H. M. Atkintoo. . B. B. Boner.
Jotrpb A. McCord. David Woodward.
329£38B£38SSS5SSSSS£2SS£8SS88S8S2S)S8SS8&3SSSS2&
New York.
Baltlmort,
Boston. Chicago. Washington.
Atlanta. Ntw Orleans. San Francisco.
Philadelphia.
London.
The American Audit Company
W U. . _ 1C0 Broadway, New York City.
F. W. LAFRENTZ, C. P. A, Pre«. G. E. MANWARING, Vlea PrM-
THEO COCHEU, Jr, Secretary.
i. .J„_ Am ! r l c * n Aud,t Co >nP*ny, chartered under the lawn of New Y. .X
la empowered to examine the affairs of. and make reports upon tbe Hi aa-
altia .1 " SI of prlv * te and public concerns for directors, officers and
*Tf . vt . . p . r .S’. a . raU S n “ nd «MUIllnn of syatema a specialty.
ATLANTA BRANCH, 101S1018-1917-1018 FOURTH JiAT'L BANK HLTrS.
C. B. BID WEIL. Resident Manager.
Telephone, Main 872. cable Addrete, AmdiL New Vor*.