Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, December 02, 1907, Image 12
THE ATLANTA GEORGIAN AND NEWS.
MONDAY. DKCBMJfflf* *■
WEAKATOPENING
Cables From English Market
Were Sharply Under
Expectations.
CAUSE PROFIT TAKING
NEWS AND GOSSIP.
Of the Fleecy Staple.
Weakness in Liverpool Said
To Be Due to Realizing
By Bull Clique.
N«w York. Dec. 2-Thr ••often market
OMDMl 8 to 11 point* off today. Tho decline
was not ** crest *• hsd bo#u oxjiectcd on
the rabies. which were decidedly weak
After tho ml! profession*!* forced th** ll*t
off a point or two farther, lint there w»*
food bu.vlng. which looked like Wall street
support.
Liverpool mills* wen- n tllmppokihiieiif
to the follow I Ilf of the lie tv hull clique,
which took advantage of the letter feeling
recently ilikpInTtel In the cotton'market, to
!unload considerable of It* holding** In that
center.
The riMflfsh market was due to open
to 144 |"*lnte hlfher. It opened 44 point*
htfbet and i’lo*ed I hi rely steady 4 «•» 34
polnt*i up.
Tin- spot wim htilllslt. however. showing
Inereaaed takings l»y spinner*, sale* aware
. gating 12.0UI hales nt unchanged prim;
in id'll lug. 6 If*.
ruder the Influence of the decided weak
ness In Liverpool. and n very unsatisfactory
stock market the '•|teidug was lower, ami
under heavy realizing sales prleea worked
steadily downward during the morning «**■
slon.
Mpot eothm It wtIII firmly laid In the
Mouth ami there is now more Inquiry for
th. raw material from the American spin-
itn hea\y lining hy Mlteh^l In tlie after-
n«**hi. Mild t«* Iw for Mhenraon, llaiull A Co.,
a sharp advance took place In cotton fit
turet on*l prices we- *—*
cloning figure* of Matiiniav.
In the last half hour th* rivt
orked shore the
f the
rlr Afternoon was loat on "realising. the
•so t*clng stonily net - to 6 point* lower,
estimated receipt* Tuesday:
1907. 11*06.
New Orica nt 13.000 to 13.600 18,178
Galveston 28.000 to 30.000 32.25*1
Houston 14,000 to 11,000 24,525
Movement at Atlanta:
Receipt* Monday 1.230
Hame day laat year J.8F
Decrease &M
Shipments Monday 1.507
Marne day laat year
Same day laat year
... m
... 10.IOS
....1H.1HK
... M.130
•POT COTTON MARKET.
New York, steady; middling
Savannah, quiet; middling 11 1-16.
Auguata. Arm; middling 11 MO.
Mobile. Arm; middling ll l it.
Charleston, steady; middling 10 1846.
Ilaltlmore. nominal; middling 11U.
Wilmington, steady; tnhhlllng t(p».
Motion, steady; middling 11.80.
Memphis. qul*»l; middling 11 6 10.
Philadelphia, steady: middling !.’.(•.
Houston, steady; middling 11 7-14.
Norfolk, firm; middling IP*.
Galveston, steady; middling 11 916.
St. I .mils, quiet; middling 11S.
TODAY’S PORT RECEIPTS.
The following table shows receipt* nt tho
K rfa today, compared with the same day
it your;
New Orleans.
Galveston. . .
Mobile
Savannah. .
Charleston
2L*7
'.'7.347
3.631
10,530
INTERIOR RECEIPTS.
The following table show* receipt* nt the
Interior towns today, compared with the
same day last year;
HAYWARD, VICK A CLARK’S
DAILY COTTON LETTER.
•*. spot
rg«\ To
Nsw. Orleans. Her. 2. Liverpool w
disappointing till* luoi-ulng. rutiif
about 3 higher ugaiiiNt M up due.
prleea unchanged, hut Hale* are tnrg*
tal 13*000 1 tale*, ('aide. ■
taa Influence of the
tmre'a statement re*
lUd, renewed chalice «»f strike in'Oldham.
nWls liquidating and talk of combination to
force out Wall street. In the light of lie-
eeadtty f.
financial and hutlnet*
hy Liverpool waa rath.
solid market* tinder present
udltIons thl* eliefk
V .—.... .. r web-ome to ••ou
tlive people. Mull mnnlpulAthm by a
few outsUfrrs in New York was Itcroiiilng
rather n menace In taking the lead for
N* doubt
higher value* fr«n
tual cot to
erttp
and much of the ML
vluwa hap I wen gltcoitnted qrlth the
Time* IhMim* rat e*ilinate* tl
son's growth nt ll.tdVo* exclusive
t*r*. repack-, etc., which point* to
cron of about r.V>*\0»».
Tne eat (mate Ua* rather *Ih»Vi* e
tioiia. and le« 1
market on* tied
in New York. ...
opening figures. and a* hull operator* made
no derided move the reaction proceeded fur
ther. The spot market I* very quiet so far
today, .spot buyer* are Idle, maybe on ne-
count of LlveriMsd'* poor showing. How
ever. spot new* 1»car* close watchlug. Con
tinued demand during the first half of the
“ rould Im- of unusual sign I ft
Mpc lal to The Georgian.
(from Hayward, Mek A ClarkA
New York, Dec. 2.-J. M. Bncbe A Co.:
Liverpool waa due 124 to 144 point* higher
Opened eftsy at 44 point* higher. At 12:18
p. in. steady net 1 to 2 higher on near
month*, and 2 to 24 higher »»n late. Large
business doing In spot cotton with oHOfa-
tlons unchanged; middling, 6.19: wiles. IL.000;
American. 1X.600; speculative and «Hmn.
I, 000; Imports, 10,00% including 4,000 Ameri
ca n. Tender* now docket 4,0w. aalea made
late Saturday 4,000 ball**.
Liverpool dm* not follow our advance of
Haturday. The group of bull speculator*
an* pushing the market too bard, and 11 re
action from the high level of Inst, week
In order. We believe In ultimately higher
prl.es. but favor a conservative policy at
till* level. Advise purchase* on any fair
decline today.
Market opened better than eipeeted.
Look* a* If ii will do much letter.
The Times-Democrat estimate of ll.62o.000
la rather larger tltSB expected. Relievo
the government estimate also discounted to
some extent.
A reaction Is due to bring the advance on
a sound luisls. Mulling Mnturday was large
ly hr erratic operators.
\V. I*. Brown. of New Orleans, estimate*
cotton crop nt I1.500,u00.
A To. nre good buyers of March.
. Mitchell and Wilton buying. King
nuil '-overlng; March, 10.94 bid.
X(« Orleans and Mverponl buying here.
Kn||owi*.g ore 11 n. iu. bids: Dee in her.
II. 14; January. J0.76; March. 10.86; May. 10.96.
New Orleans. I»ec. 2.- Saturday's spot
*al*s In Liverpool Increased to 8.000 bale*.
Today - a sale* there nre 12,000 bales.
The next glmier*’ report will be J**»e«J
December 10 at 9 n. in.
The Tlmes-liemoerat'a estimate of the
crop la 11.320,000. Kxel
Edited by
Joseph B. Lively.
MARKETS
Hr. Lively** twenty-flve
year*’ experience of ed
iting markets In Atlanta
god the South has made
him a recognized au
thority lo his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
ka. follow*
Alabama
Arkansas
Georgia ami Florida
Louisiana
Mississippi
North Carolina ...
Oklahoma
Mouth Carolina ...
Tennessee
Texts ...
Total
Well Bros.. Montgomery, Ala.: N
land and Southern mills are now In fha
market for quick shipments, but
of llnters and
.. 1,100,000
... 725,009
... i.SMO.uun
... 700,009
... 1,590.000
... 700.000
... 900.000
... 1,200,000
... 300,000
... 2.600,000
quite bearish owing to the dull spot market.
The opinion seemed to favor a reaction, and
It waa felt that th* rallies recently had dis
counted small crop estimate*. The market
became dull nt about thn noon hour nt
i|i
| -MSS |
jtori |
’MO! j
i
i'J
Dec
Jan
Feb
March. . .
April. . . .
May. . . .
Juna. . . .
July. . . .
August . .
ll.22il1.34
lfi.8W10.98
M.87 10.87
10.9311.03
11.02 11.02
11.01 11.12
io.wii.co
10.83(10.83
11.14.11-8
10.71 K. 89
10.87 10.87
10.81 10.96
11.02 11.02
10.91 11.04
ib!85’ii!66
to.83 10
iOF5
10.8V-K
10.92 9
10.86-91
•
11.04-A
ll.'-M,
10.99 1
10.91-K
ii.ioii
10.90 91
10.96-98
11.00-01
11.06-06
ill. 10-U
11.06-08
11.04-05
10.9598
Closed steady.
EDWARD MOYSE d CO.’S
WEEKLY COTTON TALK.
New York, Dee. 2.—The entry Into the
cotton market of a stock exchange clique,
which bad amassed enormous profits on the
decline In stock*, lias caused a radical
change I11 the outlook. Rears, at flrat, they
covered and took h considerable loan when
the president's currency relief scheme waa
given »»ut. Since then It develops that they
been accumulating h lino of long cot-
and are Industriously circulating small
crop estimates. Home of them—llkn that of
Mrs. Burch today, 10,388.009—iroaord on their
face. Their tactics remind one of the Sully
year, when It was nothing but buy, buy.
bur, until tho Inevitable eud caine. lies non
and logic, supply and demand, have no nlaco
In auen n scheme and as there Is nothing
with which to controvert their famine crop
talk until the government's annual estimate
la published on December 9 or 10, tho wise
thing to do l* to hedge almrta and let the
wave roll on until It exhaust* Itself. If the
bureau crop figure la hn small ai'they
prophesy, the bull campaign may be con-
finned; If the figure la anywhere near 12,-
noo.oort tlie bears will have another Inning.
In the meantime, however, contlnuoua bull
buying and probably forced covering of
aouio Idg short lines may bring another
l»enr stampede and lift prices considerably
e 11 cents.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGOH—Dull, 244eXc.
LIVE POULTRY--Ilea a dull, 49 cent*;
chickens, fries, 224©30c. Ducks, Pekin, 35c
each: puddle, 30c each. Turkeys active, l&e
per pound.
DRE8HKD PODI.TRT-Turkeya. draw*,
active, 20c pound; fries active, 200224c lb.*
lens, lie pouud; ducks, drawn, fancy, lit
pound.
"""iiuuc-tara. isp notion: mini ne
IW
per
Am. lee h . I
Am. Hngar Refinery. .
American Hmeltlug . ,
Am. locomotive . . .
do. preferred . . . .
Am. Far Foundry. . ,
American Cotton DJI .
Anaconda
Atchison
do. preferred . . . .
Atlantic C. Line. . . .
Brooklyn Rapid T. .
Canadian Pacific. . . .
Chicago* Alton. . .
Consolidated Gaa. , . .
Central Leather
do. preferred
Colorado Fuel A Iron
Distillers' Mceiirlflca
Erie
do. preferred. .
General Electric
Great Western
Great Northern pfd. . . .
Illinois Central ......
Interboro
do. preferred
Kansas A Texna
m*
a**;
(2
hs; 6
M
prii 1
.0* I 7041 T5^s
■!75t! S64 374
jy**< 1 29
Si ; 26 i ID
:::tH 32 334
,.k 284
.. t 26*4
•i
:t7 * 827, *54
WHi 8141 *MHi
iswfijji' swi
B I I«J,I I.'-L'Si
J.V.i Og;
ii-'* 1 i«i: i'li
ix< 1.—H 1
mi m
42Til *1
J'*»
iinVi
llfi UJJ4 Hi!
• ^
:::;{lift
name of stock.
K.-im.u. 4 IVm.iiM.-..
I.uul>rltl- 'V N..brill...
Missouri I'-icIftc. . . .
Mexican * '*ntral. . . .
.-few York Central. . . .
North we- '*rn
Niitloiml 1 .cad. . . ...
Norfolk a Western. . .
Northern i'actflr. . . ,
Ontario A Western. . . .
pennaylv uta
Pacific M ll
People's* a* Co.. . . .
Pressed S eel Car. . ..
Mending
Mock Jaini 'I
do. pr- <erred
Republic I oh A Steel. .
do. pr«
Rout hern I'ndle. • . . .
h'outberu Hallway. . . ,
do. preferred. . . .. ,
8t. Paul.
Tenn. Com A Iron. . . ,
Tpxn* Pacific > ... .. ,
Union Pacific.
U. H. Rubber
do. prefer! ed
U. 8. Hteel. .
do. preferred. • . .. .
Western Union
Wabash
do. preferred.
t x
2
u
£
3£
1 S
B
3
35
oa
rs-i
»*i VA' »; SSI ::::
i?i;i a 1 m ik-
“ ■ ia&4 { l*34i
136
. 49
.1 liwi
- 324
.( 1W» 4
k
:| ff*
i 1154
934
04
134
974
.... 134*4
....! 4u
.... »a
114
w 114 i
:t24 :i2\
1981*1 112 |
!»3»4l 884! 93'
144! 134! 13
;::" 4 .tj
17 | 17 1 17
62*4 62% «2 ;
7.74! 714 "
73\
204I 19 204
1174 114 117
'«-! 17 j 19%
2«4 244| 264
11?
164, 17
....
.... 18
.... 904
114
Total stock Mies today. 3&.600 shares.
NEW YORK.
Following la th* range m cotton futures Id
LIVERPOOL.
Following figures give tho opening range,
t p. m. and dose, compared with yesttrday:
Futures opened barely steady.
Openlug . Prevlooa
Range. 3 p. m. Cloae. Close.
Dec . 6.814 6.84 B.M4 6.W4
Dec.-Jau 5.85 -5.81 5.M4 6-g4 5.80
Jan.-Feb. , .5.8* -5.864 6*7 6.884 5.W
Keb.-Mprch .6.89 -5.8«g 5.884 6-fTV? 6.M4
'“ft c*s f,.89 6.8* 5.854
o.*9 6.884 5.86
5.9-1 5.89 6.864
5.90 o.M 5.884
' S.864 6.89
March April .5.89 -5.88
April .May ...6.904-5.89
May-June . .5.91 -5.89
Jiine-Juty . .6.90 -5.89
July-Aug. . .5.90 -5.88
Ang. Hept. . ,6.824-5.80 x
Closed
6.80 6.81
barely steady.
NOTES ON GRAIN.
Pointers on Provisions.
dated by the shorts, who uro taking tholr
turn after the longs had theliw In tho past
three weeks at price* below the present
level. All the deliveries will be taken cure
of hy the large Interests who have bought
December and sold May and reduced tli*
discount of December under the May from
10c during the height of the panic to 74<?
lost Kuturday.
Even at the later figures elevators find a
good profit lu carrying wheat In their pri
vate house, and It about pay* the actual
coat In public houses, with money nt 7 per
rent. It la expected that the spread will
be further reduced, and some are figuring
that It will get * •
eetnber will
February 1.
our Liverpool advices state Hint their
mark'd weakened off on account of the
heavy deliveries on December contracts, but
the situation, in our opinion, la unchanged,
and Europe will still want large quantities
1 our wheat before the crop years ends.
Liverpool advices also state that their
corn market Is weak on *c
supplies, but We do not
In this country are going t
or corn nt present |»ric
I large
tin* farmers
. . * free sellers
Receipt* of eorn
lCRllc j>oi
ar. 18024c
2. J. S. Mach*
New York.
Liverpool *»-t
lug In very weak'on extensive
the hull eifque. This set the
market in n furore .«f Uqnhlatioi
made bulls Mint bled over •»*<■!» tli
anxiety to get out of their loi
'Hi* news was bullish Tie- Tim
estimated the • rop a! lt.625.0V
declines early lu th > session a
about 2D points from He* high I
urdnr. January sold down <
March to KM. X« w Orleans In
•'•lining by
New York
and newly
ier In aiieFr
; holdings.
* I *cim*cm t
uili**. The
'el of 'Si |‘.
10,71 and
” rhOlfB AND NTTS-CUmn. Me i»nnil!
almonds, 18c pound; Rrasll, 14e pound:
Filberts. 134c pound; English walnuts. 18c
M». Pecans, 124c lb. Fig*, 6-ox. pkg, 74c. 5
12 os. pkg. I5«. f^mon peel. fTHc lb.
Orange peel, 174c lh. Lemons, fancy Mes-
•ena, 83.75^4.00; banana*. 3Hc lb.: llmea,
Florida stock. 60c 100. Peanuts In sacks aver
aging 100 pounds each, owing to grade.
64bIc pound. Florida oranges. 8303.26;
dried apples, 120194c; dried peachea. I44e.
Figs. 81 25 hot. Dates. 1-lh. package, 74c. L.
L Raisins, 82 Im*. Mixed nuts, 25 and 60-lb
boxes. 13c. Grapes, Concord, 5-lb basket.
30c. Malaga, per keg, 8306. Apples, New
York. 84.5006.50. Cranberries, 811 barrel, 50c
gallon.
VEGKTABLER—Potatoes, per bushel. 90c
aweet potatoes. 8n0FV. Onions. 81-10 bush.
Rpanlsh, 81.SO crate; kraut 4 barrel. 83>75;
Danish. 14. Celery. SSUgoi* a bunch; t>er
craic. 6 to 8 doxrn. 85-25. Cauliflower, 100
124c pound. Lettuce, 32.251T2.50 per crate.
Turnips, 14c |MUind Florida beaus, $2.50
,id, yixU'i-ini fiwv, hhi
... _ 28: »pritic wheat patent. 88.18.
CORN Vo. 2 white foM cronj, 79c; choice
white (old crop). Met mixed (new), 75o.
Cracked corn. lw-|»outul sack, $1.80.
O’ATK -No. 2 white, 62c; No. 3 white, *’.2c;
. o, 2 mixed. Golden oats, 68c; white
cllpnetl. ®c.
MKAL—Plain. 96 pound sacks. 77c; ts
pound sucks, m!V; plain. 24-nonnd sacks, 51c;
germ. $1.56,
HAY—Timothv. choice large bales. 81.25;
v. choice small bale*. $1.20; No. 2. $1.00;
No. 2. one-third bales, fl-05 Bermuda. S5c.
SIIORTR -Choice white. $1.80: fancy, 81.70;
brown t75 pounds). 11.60; bran. 11.50.
COTTAV SEED MFAl/-*Prlme per ton,
$25,00; No.. 2 per ton, $24.00; hulls per ton,
812.80
PROVISIONS.
PROVISION!*—Premium hams. 14*»c; lol
lies. pounds average. t\c; fat backs,
74'*. Silver l.caf lard, I0*»<\ Jewell coin-
pound. ■**'. California ham«. 9c. Kx-rtbs,
IV
month of December will be largo enough to
take care of the demand.
Chicago Evening Post: Cablegram read:
Light rains have falleu In thu provinces
of Bombay. India, but the
Punjab ifnd
still without rain.
Prices have further advanced.”
unit cl provinces
market Is dull with demand pour. Arrivals
from the interior nre very small, lu the
Province of Cnrdolm much damage Is re
ported us u result of hall storms, and nd
vices from the North nre that the outlook
for the crop Is less favorable. The corn
market Is dull with demand poor. Arrivals
from Interior arc small with the quality
satisfactory.
Bro'uulinll cabled the following of Liver
pool markets: "Weakness was n feature In
Thursday trading hi wheat and today yri«'»’»
came In *i'd4d lower. Some recovers: on
the damage reports In Argentina. Further
decline of NflSd occurred on the fre
cheaper I-1 Plata offerings and partial
and
, Min*
- Steady and 4d
lower
Finley ftarrelt & Co. received tl».
Ing cablegram from their crop expert, from
Hastre, wlib li Is In the heart of Haute Fe
district, the second large wheat producing
district In Argentina: “Hastre, Nov. at.—
llarvestliiK here. Crop very much above
average and of superior quality. \\ oat bet
iierfect."
Tin* central statistical committee at St.
Poteraburg Issues n revlawl preliminary es
timate a |
SHORTS III DECEMBER
AREUOUIDATING
Resulted in a Large Fraction
Decline, in Wheat at
Opening.
ST. LOUIS CASH QUOTATIONS.
IVhoat-No. : red winter ..
Corn—No. 584
Oats—No. w
Chicago, Dec. 2.-\Vheat <i« V lower, but
recovered some of the loss Immediately.
TJie stiH-k market was heavy mid prices di-
NEW ORLEANS.
b*c. rr
Jan.. .
Feb.. .
March.
Anrll. .
May. .
June. .
July.
Closed steady.
£0
10.84 11.09! 11.60-0l| 11.06-09
i.is) 11.06 11.06-07)11.13-14
' ' 11.0G-08111.13-14
11.10- 11:11.18-19
11.10- 12 11.20-21
11.18- 19 11.26-27
11.19- 21.11.2S •
11.39 11.28-30 11.31-341
TIPS FLASHED.
From Wall Street.
WEATHER REPORT.
WEATHER CONDITION*.
WJtb the exception of New York and New
England, the entire country la covered by
an extensive area of high pressure, whose
center Is near Yellowstone Park. A» a re
sult of this area of high barometer, clear
and cold weather prevalla. freextng temper
ature extending as far aouth as Thomas-
▼Hie, Gn., with heavy frost nt Mobile. Ala.,
and Jacksonville,,Fla. In the extreme north
east the weather la somewhat unsettled,
with snow falling this morning nt Mar
quette, Buffalo, Oswego and New York city.
No precipitation has occurred In any of the
southern states In the last 24 hours.
The conditions favor fair weather in this
section tonight and Ttiesduy, with but little
change In temperature.
[Max. Min. Mulu.
Abilene. . .
Amarillo. .
Asheville. .
ATLANTA.
Augusta.
World's ship*
100 PHI the forecast.
with Russia and the Danilin* contributing Birmingham,
but 1,600.000 bushels, ngnlnit 8,500,000 bushels t lllsninrefc.
last year. „ I Boston. .
Wheat closed 1014c lower; corn was off 11 Buffalo
trifle; oats 4*14c off to 4‘*
visions were 24fft74 higher.
CHICAGO GRAIN MARKET,
Following nrr th# Chicago grain aod pro
visions quotations for today, compared with
vetterdny's close:
Prevlooa
Open. High. Lorn Cloae. Cloae.
MU EAT *
Dec. .. 964 97 954 934 964
May .. 1034 1034 1684 1924 1
July .. 974 984 97'* 974 984
354
554 *
85%
534
664
564
OATh —
ee. .. 4H»4 474
ay .. 504 514
ily .. 154 <64
FORK—
Jim. .,12.874 12.75
May* ..13.00 13.15
LARD-
544
554
554
464
5**4
454
00 %
564 554
6.824 6*74 6-774 6.»fi
6.93 7.»24 6-924
CHICAGO CAR LOTS.
1 ;ie rei-ei
icAdmatod 1
bn; winter r.vc
7;in.n
estimate played yield
146.008,009 I'U and rye rts'.nww ou.
E. W. Dennis says: "An Ohio miller has
sent the currency here to pay fortllO.OOO lot
of December wheat be Is long here, and
orders It In and shtp(6Nl to hint by rail. A
lot of others will do the attiiie.”
THE CCfrFEE MARKET.
The following figure* gives Din oj
rnugt* and d«#o lu the Now York
market today:
Opening.! Closing.
January .
February
March ..
April
May .. ..
June .. ..
Jnlji .. ..
August ..
VISIBLE GRAIN SUPPLY.
LIVERPOOL GRAIN MARKE1.
IVbeat o|H‘U'm1 %04 higher and pIoemI
uo.&i
5.75M5.NO 5.t9«5.«l
5.751i3.s3 I 5.4563.9* j
! 5,tj6w5.9t) I 5.9003.93 I
124c: rv-rolled isecnnd hand). 74c.
TIES—Naw. 11.174 bunch; tiecoud-hand.
D.fl6.
GROCERIES.
RICK . Jap. 54 cent#: head. 6ff?c: fancy
kead. 7ff74e, accordlnc to
CliCKSE
r full r
am. !64c;
' 5.85M5.93 5.9506.*
5.9004.00 L ( J60«i.n»
♦ 5.9041*100 | 5.U54IO.OO
3.9504.00 6.UHJS.05
u*:.c.*, r.tfifttibt
5.9506, in 6.1006.15
5.6506.70 5.7006.7*1
Cloaed steady. Sales
bag*.
THE LIVE STOCK MARKET.
Chb agrt. Doc. 2.—HOGS—Mecdpts 3*).000.
Marl.el 561i*c higher: light. SI.55^i5.*V»;
mixed, 34.W05.1O; heavy. 84.5.30405; rotmb,
$4.55''i 4.7a? pigs. I3.SOU4.75: yrkers. .
«\v^ITI.K—TleeelptsJU.Oi^ MaJetjBertdy
ste
I 3.15
Charles
Charlotte.
Clib'Ng".
cineliumti. . . .
Corpus Christ I.
Davenport. . . .
Huron. . . .
Jat’kaonville.
Jupiter. . .
Macon
Memphis. . .
Meridian. . . .
Miles City. . .
Mobile
Montgomery. .
Nashville. . .
New Orleans. ,
New Y’urk. . . .
Norfolk. . . .
North Platte. .
oninhn. . . .
Palestine. . . ,
IMttshurg. . .
Portland. Me. ,
Portland, tire.
lUpId City. .
St. Loilis. . . .
Si. Paul. .
San Franeisco.
Sava 11 nab. . .
Spokane. . . .
Tampa.
!| 50 1 30
'66 | 4*i
Special to The Georgian.
(From Hayward, Vick * (ml
N>w Y'ork. Dec. 2.—J. S. Bucbe 6: Co.:
American* In London weak 4 to 14 t*clow
parity. Copper stocks off on decline lu tbe
metal. The aggressive upbiddtng
side Induced profit-taking.
The Hiuili gain. In reserves on Saturday
was also a fine tor, ns n substantial Increase
in reserves was looked for. The New York
Times published views of congressmen on
currency legislation yesterday, and there is
quite u dissension iu both political parties
as to the. remedy for recent disturbance*.
While there may be hoiuc profit-taking tills
morning, there will be no serious setback.
Conditions both financially and Industrially
arc mending. Many manufacturing eon-
f market has been perfectly
natural. The London decline induced rf*TOe
profit-taking, after which the recovery was
rapid. Beading and Fnlon Pacific arc doing
the lending again with sonic strength In
Pittsburg Coal, preferred, ou the fine sir
lug in past ten mouths.
New York .Financial Bureau: . Reactions
will l>e due in the stock market today, coin
ddent with u continuation of specialization.
Whether or not such reactions will he spo
cifle or general remains to he seen, hut uni
fortuity of movement that broadens I* ni
laat succeeded usually hy n uniformity. «»1
reaction• with possibly one or two stock*-
made strung to disguise the manipulation to
suspend bullish opera tlons temporarily, on
reasonable recessions therefore, specific or
general, we would continue to favor th*
purchase of standard rails. Those >t«s‘ks
which have had the hliurpost advance al
ways react the most extensively, whlle'oth-
ers may in tin* meantime Im* brought for
ward to cover the retreat.
The market must t*» some extent he vul
nerable through reduction of ahortnge.
which, while It Ims been renewed on the
htilgiirg. Is not In ns strong technique, gen
erally K|H‘uking, ns before. We would not
therefore neglect profits, especially on fur
ther strength.
Southern Pacific stl|l shows a strong up
ward trend, hut may he near n recession:
also Beading. Northern Pacific and Great
Northern are bought for Investment, nud
the trend Is still good. Fnlon Pacific tflll
meet soma op|>ogttlon n little hlghflr, but
may overcome It.
Town Topics: Few conservatives In the
street fall to agree that the rally ban been
carried too far for the. market’s good. The
short Interest has been practically elimi
nated, while the hull party is committed to
heavy engagements which they will he
quick to rid theinsclven of on tlie first ’ap
pearance of heavy liquidation. This liqui
dation has already begun, ns Important In
terests Jiaro been wiling stocks during the
last dny or two. confident In their ability
to regulii them at much lower price*. The
money market will likely be subject to
sharp flurries thlr month, owing to the enor
mous puyineut to be made during the next
six days, tff say nothing of heavy maturities
around tbe first of the year. Moreover,
there would seem to be a great deal of
liquidation overhanging the market ns the
time loans mature nroubd the first of the
new year. The convening of congress, with
ths president’s measure giving only half
help matters, while the .Standard Oil suit
will sbon be under way again. The techni
cal position has been so weakened that
either of these developments or a number
of others expected, might be ninde the pre
text for another drive nt prices. .
We look for feverish conditions today
with a further effort’ to mark up prices
against the short*. On the rallies, however,
wo regard all the active stocks ns good
sale*.
Hell cotton on |be bulges. Wheat should
be bought for a turn when weak.
Profit-taking In .an active market for
Americans iu the early lA»ndon market re
sulted in considerably lower prices.
MONEY AND EXCHANGE.
New Y'ork. Dec. 2.—Money on call 6
per cent; time loans dull; sixty days
12; ninety days 15; six months none.
Posted rates: Sterling exchange
$4.811M.8750, with actual business in
bankers’ bills at $4.8630^4.8635 for de
mand and 14.80fri4.8050 for sixty-day
bills.
Prime mercantile paper unchanged.
London bar silver 26 ll-16d. New
York bar silver 57 3-4e.
Mexlcun dollars 45 l-2c.
WALLSTREETFEARS
Professionals Expect Dras-
tic Message From
President.
THEY SOLD STOCK
In the Last Hour Stocks
Were Buoyant and Sharp,
ly Higher.
In tin* tnst hour n decidedly flrti
developed lii the stock tnnrket, an.WU-
entire list advanced sharply, with th*
trading more active than usual. I’riff*
Jumped up by leaps mid bounds, and tl*
tone was buoyant up to the eloso.
I he low point of the session Bending -.'ititiej
5% and closed only 4 below tin* boat, v •
Jug, Pennsylvania. New York fentraJ. .*
ern Balluay. Northern Pacific and
Northern were strong and higher.
BY T. C. 8HOTWELL.
New York. 1 tec. 2.—Fear of what
might do filled Wall street today and
sharp reaction* In some stocks. Profit’.tat!
lug was Indulged In liy Investors and
Illiig made Its appearance again u
part of speculators.
Tbe Increasing ease o’f money made it pos
sible for professionals to operate more frc*.
l.v. and they are u factor to be reckon^
with from now on. They expect a drastic
message from President Roosevelt to
gross, and they do not hone for any
rency bill of Importance this session.
t’onservntlve bankers are nd vising tht
purchase of stock on any of the declines
that may now come.
Business Is Improving In many lines. *•«{*.
dally in the wnv of employing labor by
railroads and steel companies. The railroads
arc about to lift their order* for rail* nn«i
much Improvomept work Is to be continued.
London was easier and there wen* cri-
deuces that Germany was selling Ain.-i.-su
stocks. The mining situation In Nevada i«
such ns to make n complete sliut-dowti of
all. mines In the state within the possibili
ties of the near future.
Cotton was heavy.
Wheat was slightly lower.
Clo8lng bids follow:
RAILWAY STOCKS,
Afchlson 731
THE SUGAR MARKE7,
w Y’ork, Dec. 2.—Th© domestic refined
sugar market was steady. The local raw
Hiignr market was steady. The l^xidoti beet
sugar market was steady, with December
14*1 lower nt 9s 4%d ami January quoted at
9s tkJ.
BUYING OF STAPLE COTTONS
8HOWS A STRONGER TONE,
M
\t ntu
Till*!
vi lie.
• ! 54
•diado lower; beeves, 83.264f6.55%Texns
■. $3.1003.9*: Western cattle. $3,100
-toekers and feeders, $2.1604,13.
cane syrup. 38c gallon; salt. 100 pounds, 50e; 84.6“
axle grease 81.76; sod* crackers, 44c pound; 83-73'
femcn. $c: oyster, 7c; tstrrd candy, par
‘ 4$ic; r*-** — J - *
HAYWARD, VICK & CLARK,
COTTON. STOCKS, BONOS, COFFEE, GRAIN AND PROVISIONS
Carowfelst and Gravisr Sts., Now Orleans.
MEMBERS:
Ftw Orleans cotton Exchange.
Ntw Y’ork Cotton Exchange.
Oclmtct: Cotton Cxchtngc,
lloust *1 Cottcto Exchange.
New \ork tnd Chicago Correspondents:
J. 8. SACHe & CO., AND BARTLETT, FRAZIER A CARKINBCON,
»R«VAT* WIRES TO ALL POINTS.
pound, etc: mixed, per I |*ounds. <4**: toma
toes. 2 pounds. $106 cam*; I'pounds, $2.*;
o«vv b«ntis. $2.90; i.lniit beans. To; best
matches per cross, $1.66; macaroni. «HtT?c
poned: sardines, mustard $3.60 case.
JM’GAR Standard granulated $8.15; New
York refined. 4 T »; plantation. 4';e.
COFFEE—Roosted, Arbueklet, 814.00: bulk
to hags and barrets. 12c; green, lift 12c.
Shredded biscuit. 86.90 case: No. 2. rotted
Mil. $3 24 esse; ssek grits. 96 pound hags.
— — ■ |2; oysters, full weight. *2.2# ease; pepper.
^^ I ISc pound; baking !>owder. IS «*s*e; red
sale* of fresh beef in At salmon. 85 ease: pink salmon. $460 ens«:
roco.i. ehocolate. 434e; snuff. Mb tar*.
4«•*; r<*#st beef, |?8a rase: ulrsn iXcw Or
leans*. t> /gallon: corn. 39** gallon; potss)
83.25ff3.S9 case; peanuts. 6*40: rope. 4.pj r
vuton. 22**0* soap, 11.3Mi4.fi) case.
CANDY—Mick, assorted 64c pound; stick
assorted. 6Vc pound: fancy nssorted. palD.
CUc-.rJiocolate drons. pall*. 124c; Elk. nv
sorted, ten bote* 88.69;
HARDWARE. .
WFf.L DUCK RTF—84.M doxso.
ROPE—Manila. 8**#el. He; cottas
»c.
..55; layibs*. Western lambs
NAVAL STORES.
AXRP-87 per doven base.
LEAD 34: l*nr 74** pound.
NAIL*-Wire. 12.65 keg. base; cut 82.60
keg. base.
sROER—IJorst, $4.2604.78 keg; mule tboti
84.25ff4.7L *
Spec I to Tbe Georgian.
Ss' miah. Ih*e. 2.—Turnentlm* firm at
454. . Aalea, 175; receipts. At.
Bo* * firm: w»l.*s, 2.111: n*ee|pU. 2.076;
wluU>"v glass. $6.7**: wafer-white, Jii.l'i: N.
PkV>: \t, E*»: K. $4.*\- t. 8.1.75; 71. 93.20:
G. $ VTI2.97*?: F. 82.9**012.:*5: K D «’ B A.
WEATHER FORECAST.
Washington. I)ee. '.'.—Weather condliions
and gcnornl forecast:
Pressure is high this morning In practical-
all ports of the country, except tb»» Ht.
Lawrene,* valley and New England, the
crest or the principal high being In the
northern plateau region. Know continues
locally In New England ami along tbe lee
shores of the * treat Lakes; elsewhere, how
ever. fair nud e**l«l weather prevails. A
shallow barometric depression central over
northern Arkansas wlR probably cause tin-
—***'ed weather with snow or vraln In th*»
valley and the lower lake region to
night and Tuesday hdsewber© genernllv fair
weather with moderately low temperature*
for the season will Continue.
Forecast until s t*. tu. Tuesday:
Virginia—Fair and eontlnned cold tonight*
Tuesday fair; fresh northwesterly winds.
North Carolina and Mouth Carolina—Fair
and continued jrohl tonight; Tuesday (ntr
ntnl warmer; light variable winds.
Georgia—Fair nud slightly warmer tonight
and Tuesday; light variable winds, Ihh-oui-
Ing southerly.
Eastern Florid*. Alabama and Mississippi
—I-alr tonight and Tuesday; slightly warm-
rr toulgbt; light variable wind*, becoming
westerly. •
Kentucky—Fair and w
Tnesdav fair.
Tennessee—Fair tonigbt: wanner In eon-
trjl nii.l rn.t.r'i iwtlim: Turwla; fair.
I.HiiUl.ii, -f iiir lODl.lit nuil Tur-lny; ifffht
to fresh variable winds on tie- const
- T p *f.*T F,,r J* 1 " 1 . t * n|,,,,r tonight: Tuesday
fair: light t" fresh northerly winds on the
of ihp first things to be tinted Hnt-
. was the stronger tone In the buying
staple cottons. All of the large handlers
of’ thin class of goods reported that their
mail orders wen* larger than on any pre-
loiis day this month gtid that the afore
ftl**H were also of fair also. Many of the
Ity trade wore lu the market and placed
staple and fancy cottons for
latlona they iniiile earlier In the month. In
I the Unit giHwls trade It Is stated that tlie
J cancel fa tlona that have come to hand on the
(Spring lines have been scattered nnd that
the total does not amount to any consider
able volume of the lightweight season’s
1 production In either Imported or domestic
i goods. Gnu of the best things that could
I have been done under the prene/Tt conditions
was for tlie mills in all lines of textiles to
| cut tall production wins to keep their stocks
within iiarniw bounds. The result has been
that many buyers who would undoiihtodlv
have cancelled nllous-.i their **r*l«*rs to staml
ns they realised that then* will In* no good*
free from order late In the season. In fact.
It Is stated In some of tin* commission
houses that flu* curtailment Inis stimulated
buying on special Hues if cottons, linens.
Idle goods for the cutting up trail© and
1* credit situation Is
less talk of slow
factors in tin- pri-
cre in receipt Hnt-
konight;
COTTON SEED OIL MARKET.
h’oll wing is giten the opening and closing
ota .•ns.of the New Y«*rk cotton aged oil
irk« •
j Opening. -! * ’losing.
*•011 344ft:V. ' 3iY.ir.vr
nnn .
•bm y 3»;\'Ji37 t 4 L 364ft :s,» 4
*r»h . 374^i2>*4 nr «s:t74
;y 374ftA4 :> 0.^4
t 3S48*-* 1 3i394
okhtlm
-Fair and eoide
night; Tu
Arkansas—k 4 nlr tonight nnd Tuesday.
fine dress goods. \...
improving nml there is
collections by tin* Inrgi* rnc
mary market. Mobbers wen
unlay of a-fair volume of 01 .
roadmen nnd lh** store trade was ;.s large as
ouid tie exploded **H the day liumciii.it.-l\
reconcile conflicting inti*
sat Ion nnd the unfortunate |ircci| itatloii r
a financial panic when the company wa
oassiiig through a formative period.
Narrow Odds Are Steady.
Fpon the openlug of business Hatunla
cotton goods brokers wen* able to
through contracts on narrow* «Mtds t
basis of 4U cents for 28-lneh 64x40*. No
large buyers were iu the market for regu
lar* that are nominally quoted at 5»: cents
—tile goods the demand Is slack with
put
941
..112
.. 93 b:
.. 14 7-
..117
do preferred..
Baltimore and Ohio... ...
Canadian Pacific
Chicago and Northwestern...
Colorado Southern
Denver and Rio Grande
do preferred
Erie..,
Illinois Central
Louisville and Nashville.. ..
Manhattan “L" 115
Mexican Central 14
Missouri Pacific 51
New York Central..
Pennsylvania
Reading
Rock Island
do preferred....
St. Paul
Southern Pacific.. .
Southern Railway...
Union Pacific
do preferred.. ..
Wabash
Interboro-Metro
do preferred
Great Northern
Miscellaneous.
Amalgamated Copper
American Car and Foundry .. j.
American Locomotive
American Cotton OH
American Smelting and Refining
do. preferred
Brooklyn Rapid Transit
Colorado Fuel and Iron
International Paper
National Biscuit
National Lead .. ..
Pacific Mall
People’s Gas -
Pressed Steel Car
Sloss-Shelfield Steel ...
Sugar
United States Stool
do. preferred .
Western Union
Mackay Companies
do. preferred .. ’
Va.-Caro. Chemical, j>ref.
52 1
.. 107 3-4
.. 26 1-2
.. 87 7-t
5S 1*2
THE LONDON STOCK MARKET.
riling to Wj 1 busli
Amalgamated Copp.-r ,
Auni-ouda
Atchison
preferred
’lilrago nud Great West..
Erie
First preferred
Hecoud preferred
llRu«l» tViHrul . . . .
Kansas and Texas . . . .
<i". p referred . . . .
Louisville ami Nnsiivllte.
Mexican Central
Norfolk nud Western . . .
Northern Fselfie . . , .
New York Central . . . .
N. V„ Ontario and West..
Pennsylvania
‘'hllndelphin nud Beading.
First preferred. . . .
Seeond preferred . . .
Bock Island
Southern Pacific . . , . .
St. Paul P .
Southern Hallway . . . .
do. preferred ......
Fnlon Pnettie
Fni/cil Staten Steel . . . .
preferred I
m
lio’. it*
114*4
24 7 *I 24T
854 85*
lo. preferrd .
CEORCIA RAILWAY
».NO ELECTRIC C.
•"■I pri,.- „r Itallw.y nml
hlcrtrti- 1 »nipnny i'«Jny: Iti.l T'i:, s.
No market for preferred.
Cltw. I dull. Hales. 2.^*!
ATLANTA OIL'MARKET.
Th- Mlowln; ipiotmlim. nr, pa.xil ,
tnnl tr^liMrlfnh.: I ’ii lit.' (mile, f
"III)-, pmoipf, SfiSH,; brcvmtH-r, .71
„ „ FRANK HAWKINS, PmMcaL
'vuSSSSUht ?. B 2M^s_6 **1*
w. BYEItS, Asslstau: Cashisr.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CAI.nonN.
MIL7C.N UAHGAS.
JOHN W. Git ANT,
it- V. M'CliltD.
FRANK XVAITKINS,
J. Tl. NUNNALLf.
J. CARUOLL PAYNEL
E. II. ROHHRR,
jiAVlD WOUDWABD.
MINING STOCKS.
Boston Ihh*. l—Opening: North Butte. 4);
Boston Coiiw>lidnte«| 14; Cnlumet Ariiona.
9.; shannon. 104; old Donduton. 25; Greeu
‘■mm*. 54; Afloueg, Massachusetts
Go*, preferred, 79,
THE AUDIT COMPANY OF NEW YORK
Ike Oldest and forenn! Corpi.-itio Enja;cdn le:m.V:i.i;
Bell Bhonc 3309 Main. 1310 Candler Building.
HARRY M. RICE
•• Southern Mantf r -