Newspaper Page Text
14
THE ATLANTA GEORGIAN AM) NEWS.
fill DAY. ueceyideh «.
FAIRLY_ STEADY
March Showed Loss of 5
Pdints—Others Little
Changed.
BULLS IN CONTROL
Pric es Were Marked Up 5 to
r 12 Points During the
Early Trading.
NEWS AND GOSSIP.
Of the Fleecy Staple.
■»r<W* appeared lo March at..
price* rose 5 to 6 polnta. The bnll crowd
appeared to be entirely In control. The
market at Liverpool waa alugularly unrrj
Except for heavy sales of spot cotton at
* unchanged pricey Liverpool advice* were
bearish In that future* were lower than due
I on New York cloning on Thursday. Hp<“
1 lea aggregated 15,000 hale* at €.85 f
: middling. Ho long a* European aplnno I
1 continue tl> take cotton In atteh large]
' quantities the chances for a material <le-
ellno »ro allm. The Amerlcau aplnnor must
i enter the market anon. Hla takings will
» add to the aentliuont now Prevalent that
I cotton Will sell at Mill higher prices. When
; money loosen* tip the laat bearish argument
; will hare disappeared, and with the nlmoat
! unanimous tendency to reduce crop rati-
' niatea will make much better prlcea a
I taints’.
Future* held strong during the entire
; afternoon. January scoring an advance of
t 39 point* front yesterday, while March and
» May were each 21 point* higher. Mp»t cot-
* ton In Now York wa* advanced 15 point* to
I 12.01. New Orleans wae Arm for epot at
l 8-16c advance to 11 13-lGc.
' At the cloae future* were ateady net 12 to
IS polnta higher.
Weekly Interior movement:
■ ,1907. 1806.B
* Receipts 212,065 <26.474
Shipment* 181.546 297,628
- • 451.074 592.472
Special to The Georgian.
trroin fla/ward, Vick Sr Oarktf j
New York. I Me. 6.—J. S. Bache A Co.:I
Liverpool cable* were due 6% higher on near j
and 1 higher on late month*. Opened]
steady 3 polnta higher. At 12:15 p. m. —-
15,000; American 14,5k*; •peenUttlou and ex-
port. L600; Imports, * — *“*
American. Tender* _ . . .
loiter cable* reported a decline of ^ to 1
point from 12:15 p. m. price*.
The Liverpool market rules eaaler thl*
morning. Some more realising abroad: aalea
heavy and movement also heave, The for
eign demand 1* the lever which I* putting
up this present market. Wo favor the long
wide of cotton. The higher price* go the
longer the Southern fanner and planter will
hold. He Is nearly Independent and can
dletate hla price. Short* in January had
better look out.
Frank Hutton Is selling March ou
acalenp.
Price and Carpenter broker* have l*een
the biggest buyer*, with Wall afreet liouaca
also buying moderately. There should ho a
reaction, hut the difficulty la to And sellers.
Van Dyke good buyer of January at 10.18,
probably for Carpenter or Price.
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively's twenty-five
years’ experience of ed
iting markets In Atlanta
aud the South ha* made
him a recojrnlxed au
thority In hla specialty.
TIPS FLASHED.
From Wall Street.
Stocks
Mo
lent Into right
(ncrlomt. week......
More Sept. 1.,
Ktft 6.«|
Comparative port receipts;
4*351
24*; 166; 904.711
601,2591 440,198
6.288,188(5,874.819
66,000 68,000 61,
194.327
1482.804
5.021.3ft
U5T"
41.572
•
67,547
54.581
66.176
150*!““
~ww
84.870
R2.019
88.334
Wm
60.734
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Total for week
Total since Sept. L....
fcitlmnted receipts Saturday: 7 ^
...19,000 to 21,000 19.998
..15,000 to 17,000 21,518
..U,000 to 12,000 ft,645
Movement at Atlantn:
Receipts Friday 1,041
>* a me day last year 1,586
Decrease 546
Shipments Friday 1,050
same day last year 2,225
New Orleans
Houston 11,000 to 12,000
1POT COTTON MARKET.
Following are ii «."m. bids:, December,
11.50; January. 11.10; March, 11.22; Mar. 11.27.
New Orleans. Dec. Hayward, -Vick Sc
Clark: Hhort* expected people to soil on
thl* Liverpool and to pocket their contract*,
but nobody la selling, mid now aborts ecera
uneasy and buying anyhow. Cotton look*
higher. ~
(waring *
Liver pc,. —. _ r .
•re trying to hny. Bears recognise the
producer win* the tight, and thin If lio la
now again pressed by finance* he will get a
couple of cents more for hla cotton. Huy it
-it all dip*.
tiood spot demaud,
tat Ion* here too low ai
asked ’* to %c more,
Liverpool, steady; middling 6.*.
Atlanta, ateady: middling 11%.
New Orleans, firm; middling 11 18-16.
New York, steady; middling 12.06.
Savannah, Arm; middling 11%.
Augusta, Arm; middling 11%.
Mobil*, ateady: middling 11%.
Charleston, firm: middling 11 8-16.
Baltimore, nominal; middling 11%.
Wilmington, quiet: middling 11%.
Boston, steady: middling 1106.
Memphis, steady; middling 11%.
Philadelphia, ateady; middling. 12.80.
Houston, ateady: middling 11%.
Norfolk, ateady; middling 11%.
Qalvaatou, linn:, middling 11%.
8t. Louis, firm;'middling 11%.
, TODAY’S PORT RECEIPT8.
The following table showa receipts At the
New Orleans
Oalveston
Mobile
Savannah .
Charleston
Wilmington. . . . . .
Norfolk
Baltimore
New York
Boston.
1907.
!S:Sm
10$
2,839
4.290
8.814
1.547
‘"44
.1 66,176
8,720
2,278
2.615
«.!»•
INTERIOR RECEIPTS.
The following table showa receipts At the
Interior towns today compared with the
same day laat year:
1907.
1906.
linn* ton
Augusta
Memphis . . .
St. Loul*
Cincinnati
10,661
3.204
6.735
2,037
633
18,443
2,»1 -
7.180
7.973
1.356
Total
1AW1
J7.SU
HAYWARD. VICK & CLARK'S
DAILY COTTON LETTER.
New Orleans. Dee/ 6.—Futures In Liver
pool did not respond today nnd gained only 2
point*, agalnat 6 to 8 advance due. A
tendency to wait a little around the even
figure of 6d and hedge aelllug against the
large purchases on onr *hlo probably ac-
ATLANTA MARKETS.
• FRUIT AND PRODUCE.
F.OOS-nnll. 24%02$c.
LIVE POuLTRY-fUas doll, 40 cenfa;
rhlrkeni. frlea. 22%03Oc. Dock*. Pekin, 35<
each: puddle. 80c each. Turkeya active. 15#
P dJ!?ShRI> POULTRY—Turkey*. drawn,
active, 20e pound “
lens, fie pound
pound.
PRODUCE—Lard, 1fe ponnd: hams active,
lie pound: shoulders active. 10011c pound:
•Idea active, lie pound; butter, 181724c per
ponnd: tv*eswax active, flk nonnn- hone*
(bright) active, 15c ponnd. Italian X Cheat-
not. 9cj>otind.
FRUITS AND NUTS—Citron, JOe ponnd:
almonds. 18c pound; Brasil, 14e pound:
Filbert*. 18%e pound; English walnuts. 18c
lb. Parana, ll%e ID. Flga, 6 0s. pkg, 7%•*.;
J2-os. pkg. 15c. Lemon peel, 17%c lb.
Orange peel. 17%c lb. Lemons, fancy Mea-
•ena. 53.7594.00; banana*. 8%c lb.; Hmea
Florida stock. 60e 100. Pennuta In aacka aver-
siring 100 pound* enoh. owing to grade.
6U0le pound; dried apples, I2012%c; dried
peaches. ll%c- Figs. $1.25 box. pate*, j-
podnd package, 74c. L. I,, rnlslna. 52.00
box. Mixed nuts, 25 and 50-poqnd boxes,
13 cents. Grade*, Concord. 5-pound basket.
? e. Matsgn. per keg. $5416. Apple*. New
ork, |4.50b6.6O. Cranberries, fit hsrrel. ROc
lion. Florida oranges. 82.7503.00; "Pet
rand" orange*. $8.0*478.50. . . ^
VEGETABLES—Pot a toe*, per bushel, 90c
aweet potatoea. 8u<ffJ0c. Onlona. 11.10 bush.
Spanish. 11.V) crate: kraut % barrel. $8.75:
Danish. 14. Celery. 85990c n bunch; per
crate, 6 to 8 dosen. $5.25. Cauliflower, 10©
12»4c pound. I.ettuce, $2.25472.5* per crate.
Turnips,’ 14c pound. Florida henna, 12.50
rn ’"'' FLOUR AND GRAIN.
FLOUR—Highest patent. 16.50; l»e*t pat
ent, 85.75; standard patent. $5.50; half pat*
*nt. 15.25; spring wheat patent, 16.25.
CORN—No. 2 white (old crop), 79c; choice
white (old crop). §0e: mixed (new), 71c.
Cracked corn, l(Wj>ound tack, $1.90.
CHICKEN FEED—Flf tv-pound aacka. $1*.
Purina chleck feed, 11.05; Purina scratch
food, $1.96; Purina feed, 175-pound sacks.
^OATN—No. 2 white, 62c; No. 8 white, 62c;
No. 2 mixed, 60c; Oolden oata, 68c; white
clipped. 6Be.
MEAL—Plain. 96-pound aacka, 77c; 48-
ponnd aacka, 79c; plain, 24-pound aacka, 81c;
5 HAY—Tlmothv. choice large balea, 81.25;
do., choice small bale*. $1.20; No. 2. $1.00;
No. 2. one-thlrd bale*. 11.05. Bermuda. 85c.
RlIOnTR—Ubelre white, $1.80: fancy, $1.70;
brown <76 pounds), $1.60; bran, $(.60.
PROVISIONS.
PROVISIONS— Premium ham*. 144c; bel
lies, 20025 pound* average. 9%o: fat barks,
7%e. Silver Leaf lard, 10%e. Jewell com
pound, Sc. California hatna, 9c. Ex-ribs,
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Am*i. Copper '
Am. Ice Securities
Am. Sugar Iteflnerr
American Smelting
Am. fjocomntlro
do, preferred
Aui. Car Foundry
American Cotton Ol! ... .
Anaconda .
Atchison . . , ,
. do. preferred
Atlantic C. Line
Brooklyn Rapid T
Baltimore Sr Ohio ......
rheaapeake A Ohio
Canadian Pacific
Chicago ic Alton
Consolidated Gas
Central leather. .......
.do. preferred
Colorado Fuel Sc iron .. . . .
Corn Produce. ........
Colorado Southern
Delaware St Hudson
Denver St Bio Grapde . . .
[llftMen' Securities
do. preferred
Goneral Electric
Oreat Western
Great Northern pfd
Illinois Central
luterboro
do. preferred
Kansas A Texas
sti at
11
M
SW
1M I 1511
ii\\ w«4
2114, 5.IH
■jiii
Ok
tti
total wtock an lea today. 7H».4*6 sbareaT"
NAME OF STOCK.
Kansas 4c Texupfd. .. .
Umlsville A Nashville.. ,
Missouri Pa«'lflc. . . . .
Mexican Central. . • • .
New York Central. . . ,
Northwestern
National Lead
Norfolk St Western, . . .
Northern Pacific
Ontario Sc Western. . . ,
Pennsylvania.
Pacific 61aII
people’s Gas Co.
Pressed Steel Car. . .. .
Reading
Rock Island
do. preferred. . « ,
Republic Iron St Steel.. ,
do. preferred. . . ,
Southern Pacific. . . . .
Southern Railway. . . .
do. preferred
St. Paul
Tenn. Coal St Iron. • . ,
Texas Pacific
Union Pacific
U. 8. Rubber.
do. preferred
C. S. Steel. .
do. preferred
Western Union. . . • * .
Wabash
do. preferred. . • .. .
Wisconsin Central. • . ,
do. preferred
Special to The Georgian.
I (From Hayward. Vlek & Clark.) -
| *N#w York. Dec. 6.—J. 8. Bache St Co.:
American* lu London % to % lielow our
parity.
The tinuNua! advance In our market In
duced profit-faking. The market sagged off
towartf the* end, after heavy covering by
shorts. Iu view cf the fact that tfio short
interest la partially eliminated n further
falling off should not be surprising. The
interests back of the* market have It .well
In band, and different group* of stocka'wlll
be taken up ns the occaslou require*.
The coal stocks are still much In favor,
and the conditions there warrant further
advances.
The big Increases shown Iu Vanderbilt
lines contributed to the letter feeling In
the market yesterday.
The movement started over tt week ago Is
not over and n higher level Is still very
probable.
nnin
ig
The low-prictHi |**ue* are given more at
tention today. Hocking Coal nnd Iron and
American Ice lire among the most active.
Republic Hteci I* slow, nut should have a
move with the rest.
A Chicago corrcK|»ondeut Just wired a*
follows: "A statement just made by an
officer of the Lake Short* that their business
Is now picking up and that large quantity
of grains moving eastward." Thl* Is beat
news we have bad In a long time.
New York Financial Bureau: Bullish spe
ll) the stock
ssloua. The rap-
, . the nervousness of
the aborts, according to our investigation*.
porta. No doubt many have bought, ex-
txrtltig census figure* under 8.30O.0W ami a
bureau estimate considerably under 12.00*,-
000, Now, It ha* never failed that people
want to take profits when these report* are
read out and If figure* are above exporta
tions, then there 1* a atlll greater number
that want to liquidate. As so many want
to do the same thing there I* usually a re
action on such days, no matter bow bullish
the substance or the publication. What
people should bear In mind la that snob
market more* 011 bureau days are a thing
by Itself, and bear little or no relation to
fundamental prospect*. A setback, there
fore, If any, should be viewed, calmly, as.
In our opinion, general condition* point to a
ateady upward tendency of value*, which
could only be seriously disturbed by re
newed financial complication* of national
character nnd Importance. Futures on apot
news are quite steady, at the moment,
amund lu |»olnta advance over laat night's
closing.
Sew York, Dee. J. 8. Bache A Co.:
although Liverpool prices were dl*appo|;:t
-flgly lower, our mnrket did not give n full
resopnae to the weakness abroad. Agaf
curred In Liverpool the heavy sale of spots.
Fable* stated that some of the buying came
demand. ’Th. low points nrouud tlie open
Ing were 11.03 January and 11,13 March.
Th# bull clique became. active later nnd
price* nt noon were about k to 11 point*
net higher. The situation still show* bull
ish developments. The foreign demand nnd
the scarcity of cotton In qunntlty at Huiitfy-
nwalted with deep Interest.
NEW__YORK.
Following la the raaga lo cotton futaraa la
New York today:
hsci,
Jan.. . .
Feb., . .
March. .
April. . .
May. . .
June. . .
July.
uguat. , .
rfo'sed" *1
4
k
3
31
|
8
il
I I .—>;i I l.C.) I l.VJ. JJ..<
11.18 1L4811.181L86U.84-K
“ ~ 11.81 11.31 11.81 11.36 88
11.47111.21 11.4* 11.39-40
11.37-89
.... ,11.15 11.32 11.33-34
11.24 11.07 H.19!lM9-20:
11.11
11.07,
teady.
11.18-19
11.21-22
1L2I-24
11.22-28
4J m ;
11.07-09
LIVERPOOL.
2 P. m. and dose compared with yesterday:
Futures opened steady.
Opening
Range. 2 p. m
Dec 6.96 -5.96 5.93
Dee.-Jan. . . .5.96 4.94 5.93
Jati.-Fe!». . . .6.98 4.97 '
Feb.-March ..5.9*45.9*
Previous
Close. Closs.
6.93
... 6.981
6.964 6.00 5.96
5.97 6.004 5.954
Mareh-Aprll .5.99 -5.974 5.96 6.004 $-96
April May . .6.00 '4.9*4 5.97 6.01 6.9«4
May-June . .6.00 -5.99 5.964 6.014 5.97
June-July . .5.9944.984 5.96 6.01 5.97
July-Aug. . .5.97 4.96 5.944 6.974 1.94
Aug.-Hept, ...6.15 4.14 5.844 5.874 »-824
Closed steady. 1
NEW ORLEANS.
Following Is the range In cotton futures In
New York today:
ill
k
5
li
i
|J
Dec
Jan
Keb
s • •
June*. *. *. .*
July. . . .
11.801 lL56lll.J0ill.66
11.30 11.601120,13.44
iisniiii itae/iLfi
1L37 U.67|1L84 itSI
*1V. 8811 *l! 59| ii! 38 j i*l! 56
1lS2“
11.41- 42
11.89
11.42- 43
11.41
11.49-60
11.11
11.56-66
1L27-28
11.26-27
11.22-24
11.26127
11.30-31
1L 83-31
11.34-36
11.40-41
Closed steady.
NOTES ON GRAIN.
Pointers on Provisions.
(Prom Hayward, Vick (c Clak.)
Chicago. Dec. 6.—Uarlett. Frasier « Car
rington: The amount of wheat taken for
exjiort yesterday Is gootl evidence that the
foreigners will atlll need largo qnantltlea
of our wheat.
tlty of corn and It Is our opinfon that re
ceipts In Chicago will easily be takeu cure
of by the domestic demand.
'** Icago Record-Herald: Hecretary F. D.
rn, of the Kansas agricultural board,
ils final eatlinate of the wheat crop of
Btnto at 74,<*>0,000 bushel*, as compared
with hla laat estlmato, made In August, of
70.000,0*0 bushels. The last government re
port made the Kansas crop 68,000,000 bush
el*. The atnte estimate of the crop of 1906
December 1, sown for the 1908 crop, waa
‘ ‘ ~~ r ago. Details of the
by King to Toledo,
iow mni me ucrengc seeded was probably
trifle lesa than tnat to laat year. The
»rn crop of the state I* placed at 146,-
0.OOO bushels, ns against 196,000,000 bushels
at the final official governmeut estimate laat
year.
Boating of Minneapolis quotations baa
been discontinued by the Chicago, Kansas
City, 8t. Jooula and Milwaukee grain ex-
chnugea. The directory of the Minneapolis
lioily has advanceil the price of Its quota-
tolu* nnd the Imdlea above named decided
to dispense with tho quotations altogether.
The N. K. Fnlrbauk estimate of the
world’s stock of lurd showa a total Decem
ber 1 of 134,848 tierces. Thl* shows a de
crease laat month of 63,966 tierces nnd Is the
smallest total shown nt similar date since
1903.
I*indou Htatlst estimates the Argentine
exportable Htirplus at 3,757,0*0^011*, or equal
to about 140,000,00* bushel*. Thl* would Ira
ply a total wheat crop of 190,000,060 to 196,
000,000 bushels. The previous record crop
wn* that of laat year, when 156.000,000 buah-
el* were produced, and from which the ex
ports for the year ending with this month
will aggregate about 1*4,000,000 bushels.
Country deliveries In the Northwest have
dropped off very sharply, nnd It la expected
that receipt* will decrease soon at toe l»f“
terminal*. Much of tho wheat will be heai
ed toward Minneapolis at the done of lake
navigation. Vessels with n capacity of 2,-
500,Out) bushels of wheat were loading nt tho
Duluth elevators Monday.
WHEAT IT OPENING
I FRICTION LOWER
Loss Was Partially Recover
ed Later—Liverpool Large.
Fraction Higher.
ST. L0UI8 CASH QUOTATIONS.
Wheat—No. 2 red winter ,....9
Corn—No. 2 5
Oats—No. 2 4
Icago,
•r, out
Immediately recovered part of
WEATHER REPORT.
WEATHER CONDITIONS.
The area of high pressure has moved
southeast during toe laat 24 hours and la
now centered over Alabama and Georgia.
The pressure baa decreased over the eastern
half of the map except on the Atlantic
coaat. In the northwest there has been a
rlae In the barometer, while along the Pa
cific coast a marked decrease In pressure
portions of Louisiana and at Yellowstone
rark. The temperature has risen at nearly
all stations east of the Rockies, but Is still
low over the eastern half of the map.
h reeling temperatures are reported aa far
aouth as southern Georgia, Alabama and
Mississippi.
The conditions favor cloudy weather, with
rain, in this section late tonight or Satur
day; warmer.
Minimum and Maximum Temperaturei
and Rainfall.
market with ap»
l«llty Is due entirely t<
the aborts, according t .
The trend In Houtnern Pacific continue*
atronglr up, with supporting orders toward
the 71 level. Union Pacific also appears to
lose no technical strength of consequence
ou the advance. )»»»s!hly dun to ^onrinuwf
abort selling. The tip of a drive at Penn
sylvanla short* of yesterday morning wat
made good, and the stock appears to be In
an upward move not yet ended. We would
buy Reading only on recessions for turns,
though Information Is bullish, for stock is.
as reported, met. above 956196, supporting
orders being noted 91$9*2. The manipulation
Is still against Missouri Pacific aborts, whom
wn warned some days ago. The Hill stocks,
Northern Pacific and Great Northern pre
ferred, should be Imught on recessions for
turns only at present. Offering* still ap
pear to Intimidate the hull crowd Jn Amal
gamated around the 52 level, and In Smelt
ing toward 79 and professionals are selling
them on bulging. The trend of Brooklyn
Rapid Transit Is af!U up, with the bull tips
unchanged, but, as before stated, caution
la desirable. The big shortage took the 104
stock In St. Paul, according to a specialist,
but we would not buy It uor New York Cen
tral. These two rails are under “suspicion"
for the present. Both Steels show an up
ward trend and may rnllr further.
Town Topics: It la difficult to perceive
how the market can retain any marked Im
provement In the face of inch developments
aa the Kansas City failure, and the knowl-
AT m OPENING *
PRICESWERE OFF
In Some Cases Active If
sues Much as a Point
Lower. A
TURNS STRONG LATER
Under Leadership of Read
ing and Union Pacific
Advances Scored.
MINING STOCKS.
Spot
today
continued very large. Total
26,000 bale*. Opening trade* !>«*ro were at
abont unchanged figure*. Shorts waited for
people to sell the i**>r response by
Liverpool, and the bearish comment by Mr.
Price In convection with the Giles eatlinate.
but ‘nobody got frightened and sold, which
canted' considerable uueaslnes* In bear
ranks. Short* turned to cover and put It
np 7 points. There I* n > mistaking It—
confidence la getting stronger every day.
and reaction* are no longer feared, tail
welcomed, to get lu cheaper. Professional*
begin to adult that producer* have won the
fight, and If they are not again pressed by
finances that they may get a couple of oente
more for their cotton In tinny N|Mit* are
▼err firm, and holders are saklng S-lt» to %e
above quotations. Thl* stun* buyers n lit-
tie. but export engagements are made and
people must have Tt. As tomorrow will be
the last hnalnea* day before the government
pubUcatlona. It may be worth while to say a
little about the pruhaMe effect of these ro
Boston. Dec. 6.—Greene t'ananta. 3%;
$500
Ftvo hundred dollars Invested now in
standard dividend-paying stocks listed
on the New York Stock Kxchanxe will
yield an Income of from <1 to 12 per
ecut with every chance of large profit.
In the next few months. We execute
Investment orders promptly in lots of
ONE SHARE and upward.
HILLYER INVESTMENT CO.
Engliah-American Bldg.
New York Commercial: There are cvl
deuces nil along tho lino that cotton yarn
prices arc becoming a little firmer. The
extremely low values named by aome deal
ers n few days ago are not be found |>w,
and the offering* of yarn* In order to realist
a ulrk money arc also disappearing. Yarn
cater* who have been the moat bearish In
their Idea*, arc now taking a more cheerful
view of the situation, and admit that the
market Is a little firmer so far a* price* go
for spot and near-by delivery. Long-distant
deliver!** are still at a discount, nnd there
are few. If any, mill* that can he Induced
to consider the placing of orders for de
livery Into next year. ,
Hplnner* nnd their agent* In thl* market
claim that price* are today much lielow the
coat of production, nud that no orders can
be taken at"present price* and net the spin
ner any profit. Go6d price* were paid for
the cotton which the spinning mill* are
using and still have oil hand, and thl* helps
to add to the coat of production. On tho
other hand the weaving mills aud knitting
plants claim that for many mouths cotton
S erna have boeii altogether too high, aud
i* price* named well above any contpartaon
with raw cotton value*.
An Idea of the value of cotton yarn* to-
lay nnd the quotation* for the correspond
ing date laat year show that price* have
.ih.niuui thl.1 v«ar nnvwhere from 24 to 3
mins of 190m
many count*
s per
ever^Jiricea were lower t
than they ire Palsy, some r „
much ns three cent** lielow today * gtiota*
tlnus. Mill* claim that the extremely high
ny c
t*eli
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFE&, GRAIN AND PROVISION*
Carondtlet and Qraviar St*., New Orlaant.
MEMBERS:
Few Orleana Cotton Exchange, New Orleans Future Brokers* Association,
- * New Orleans and Chicago Boards of Tnda,
New York Coffee KxcUange,
Associate Member* Liverpool Cotton Ass’fc
New York and Chicago Correspondents:
4m •« BACHE & CO., AND BARTLETT, FRAZIER & CARRINGTON,
901V4TK WIRC8 TO ALL POINTS.
ana Uatto„
New York Cotton Exchange.
Tcstua Cotton
Houston Cotton
Exchange.
Kxrhanjie,
lert tue spinner wiui »cr» imnwwii
gins »*f profit for the entire year.
Move Narrow Print Clotha.
Moat of the sellers of print cloth* are get
ting inquiries f»r narrow cloth* for r.cw
Tear delivery. They are asking 4% «*ents for
SMnrh 64xft*. and It I* atate*l they are
aakiug 5 cents for regular*. There are few
offering 39-lnrh 68*72* foi
spot tlellv-
utuulng In February.
CHICAGO GRAIN MARKET.
Northwest cara wore 61 above last year at Abilene. . . .
T- Amarillo. . . .
Wheat was l-8@3-8c off at the Aaheville. . .
close. Corn l-4(?3~8c up, oats l-8c ATLANTA. .
off to l-8c up. Provisions 131-1@ ffiSSfiJi, • •
171-20 up. S!lSL n r?k"“- .
Boston. , . .
Buffalo. . .
Charleston. .
Charlotte. . .
Chicago. . . .
Cincinnati. .
Corpus Chrlstl
Davenport. .
Dodge. . . .
B! Paso. . . ,
Fort Smith. .
Galveston. . .
Havre
Huron. . . .
Jacksonville.
Jupiter. . . .
Kansss City.
Key Wott. .
Knoxville. . .
Lot Angeles. ,
Chicago grain aod provision quotations
for today are aa follows, compared with
yesterday’s close;
Previous
Open. High. Low. Close. Close.
WHEAT
Dec.
May
July .. .
COHN—
Dee. .. 51%
May .. 664
July .. 56.
944
101
90%
>E5 ^
it i
so. s i i i i
May ..18.25
LAUD—
Jan. .. 7.90
May .. 7.96
HIU8-
Jan. .. 7.00
May .. 7.06
LIVERPOOL GRAIN MARKET.
Wheat opened %Qld higher, and at 1:80
>. m. waa 40% hlrter. Closed %04 higher.
Corn opened % higher, aud at i:80 p. tn.
waa % higher. Closed % higher.
THE LIVE 8T0CK MARKET.
Chicago, Dec. 6.-110GS-Recelnta 30.000.
Market mostly 6c lower; mixed, H.75&6.10;
heavy 94.d0tif.20; rough, $4.6504.fo; yorkers,
$5.0605.15.
CATTLK—Receipts 3.000. Market strong to
a shade higher; beeves, $3.2506.40; cows and
heifers, $1.1504.70; Texas steers, $303.90;
Western cattle, $805; Stocker* ami feeders.
10c higher; natives. ^*uu, nniBrna,
yearlings. $4.6006.35; laroba, $4fl«.3&; Weal-
— $4.1504.25.
Market strong
NAVAL 8TORES.
Special to The Georgian.
Savannah, Doc. Turpentlno firm at
45%; *alea, 890; receipts, 1*5.
Iloaln firm: sales. 2.842; receipts. 3,682;
water white. $6.SC; window glass, $5.50; N,
15.1(1; M. K, M.SO; I. W.75; II. UKOMt;
O. r. tivxtiii E. tt.KVS; ft. C,
». A'. i;.w.
THE mEtAiTMARKET.
COTTON SEED OIL MARKET.
* *T«i the openl *
New York i
| Opening. ] closing.
February 3> , »%**:<*%
March 3*4039% y39%
May. ] »%#«*$ ! 4 >404!
4 >%04l% i 4O%041%
January 2$£r4, February 294&3U.
Now York, Dec. 6.—The metal, ex
change quoton copper dull; tin dull,
lead nnd spelter unchanged.
THE COFFEE MARKET.
gives the opening
new York coffee
Meridian
Mobile
Montgomery
Nashville
New Orleans. ....
New York
Norfolk
North Platte
Palestine
Pittsburg
Portland, Me. ....
Portland. Ore. ... *
Rapid City
St. Louis.
St. Paul. .......
Kin Francisco
Savannah
Spokane
Tampa
Taylor .
Vicksburg. ......
Washington
Wilmington, ......
T 1 - I"/ 1 "'?, win »t mow.
3. R- MAR11URY. Section Director.
WEATHER FORECAST.
Wuhlngton, Dm. ,-Wftthrr condition,
and f,n,r«l force,it;
F,lr wether prevail, thl, moraine In ill
p»rt, of the country except In Tex,, nnd
H"* North P.clKc CM.,, where nln I,
f,lllne. The temperature tin, rlaen rener-
nllx thronxhont the country en,t of the Ml,-
«t«,lppl. nlthouxh It I, atlll to to Id 'decree*
below tho Miaonal areraeo In the South
Atlentlc ind e»,t gulf at,to. The outlook
for the next M hour, point, to fair weather
In all portion, of the dlatrlct except the
South, where rain I, Indicated, and lion*
the lower lake,, where light mow I, prob,-
, temperaJore will rim glowljr tn
nil dlatrlct, except e„t<rn New Vorh
whfen important interent, houebl
vent p«nlo during recent mouth,.
“nrtant Influence for the odvanca ha* been
e persistent veiling of the bears. This
continues to some extent, bat is now be
ing carried on by person* amply nbtf to
care for their commitments and who fc«I
assured that a reaction ns pronounced ns
the rally la not fnr away. Traders bare
splendir *
market. r „.
la safer, especially
stock* si New York Central. 8t. Paul,
Pennsylvania, Copper nnd the Steel*, which
should be sold ou nil the bulge*. The bull
ish manipulation, which, It would aeem la
about over* will make Ita appearance—If
An Ira-
noout over, will make Ita appearance—If
anywhere—lu Union Pacific. Bending nnd
Smelter*, but we would be decidedly averne
to buying these stock* at present, as when
the market turn* they are likely to break
badly. y
We look for an Irregular market today
with a continuance of proilt-tnklng working
for a nnturni reaction, which nt any time
may develop Into the break which fa long
since due.
Cotton should l»e sold on bulges, but
wheat should be bought for turns.
The London early market for Americans
lx active with prlces^rom % to % lower.
END OF THE YEAR MONEY.
From advance proof of the financial out
look for December by Harris, Wlntbrop St
Co., New York nnd Chicago:
"The decline In the rate for time money
mdtcntes'thnt the banks are fast resumini
Jfi
tlon to uote the ’ ordinary Tong nod* a*hort
maturities. Call money is likely to rule
easier from now on, except during the
period when the year-end disbursements are
In actual adjustment.
"In case the bank* continue to gain cash
rapidly from the Interior It 1* safe to any
that the Street will have plenty of 5 nnd 6
cate* that the market will not reflect such
violent fluctuation* aa have disturbed Wall
street on so many nluiltar occasions. Tt I*
safe to any that between 50 to «) million
dollars In r*
In the viclnl
the panicky ...
"Thla la the most Interesting mouth In
the year for the money market. The criti
cal weeks for call money usually Include tho
last two week* of December and the Aral
two weeks of January. Call money lu thrw#
weeks has ruled aa follow* In the last ten
year*:
Maximum Call Loan Rates.
December. _ January.
The following figures glr
Hugo and close lu the N<
larket today:
Jununry
February
March
SB?"::::.':::
June .. .. .. ..
July
AugtiRt
ficpteinber .. ,,
<)ctotM>r .. .. .. ..
November
Doouibcr
Closed^steady. HaW62.800 bng*.
HIT WITH BILLIARD CUE,
MAN DIESJ-ROM EFFECT.
Spools l to The Georgian.
America*, cla., Dec. d.—Ilenjamln
Llghtfoot. the planter, struck on the
head with a billiard cue In the hands of
Marlon SI me. another planter, nt De-
• Saturday, died yesterday without
regaining eonaclouane**.
The killing of Llghtfoot Is generally
'<Mti«>u**ed here as resulting from a fam
ily feud between the men.
tt>1
Poracaat until 1 p. m. Saturday:
J Ifglnla—Fair tonight and Saturday.
what warmer Haturday; light variable
wind*, v westerly.
North Carollua eud fibutb Carolina-Fair
and not quite so cold tonight and Satur
day; light westerly winds.
Georgia—Increasing cloudiness and alight-
ly warmer tonight; Saturday probablv rain
and warmer. Light variable wind*, beeom-
Inc southeasterly.
Eastern Florida—Fair tonight and Satur
day. except rain on the southeast coast:
continued cold tonight In northern portion
with froat: warmer Saturday | n northern
and central portion*. Variable winds, be-
coming northeasterly. ’
Western Florida—Rain and warmer to
night: Saturday rain; freeh cast to south
east wind*. f
Alabama—Rain and winner tonight and
Saturday: light to fresh southeasterly wind*
Saturday.
Mississippi—Rain tonight and Saturdav;
WMiner tonight; light to fresh southerly
Kentucky—-Fair tdnlght; warmer In
eastern portion; Saturday rain.
Tennessee—Rain In western; fair nnd
farmer In eastern portion tonight;
Saturday rain: warmer In eastern por
tion.
Louisiana—Rain .md warmer to
night; Saturday rain, wanner In east
ern portion; fresh easterly winds on
the coast.
Kastcrn Texas—Rain tonight; wnrm-
in southern nnd northeast portions;
Saturday showers; colder In northwest
portion; light to fresh southerly winds
on the coast.
Western Texas—Fair tonight and
1906-’07
1906-’06
1904*'06
l908-'04
1902-'08 10
1*01 .V2 9
1900-’01 62
1899 - 00 186
lWS-W 42
1897-M 62
lW6-’97 2
1895-'96 100
3d week 4th week lit week 2d week
MONEY AND EXCHANGE.
New York, Dec. 2A.—Money on call
5 1-2®ft; time loansractlve; aixty-day
loans 10 1-2^13; ninety days 10 1-2$
12 1-2; six months 607.
Posted rates: Sterling exchange
$4.814504.8150, with actual business In
bankers’ bills at $4.863004.8035 for de
mand nnd $4.8075414.8080 for sixty-day
bills.
Prime mercantile paper 8 per cent.
London bar silver l-4d down at
26 7-16d. New* York bar silver 5-8c
lower at 67 l-8c.
Mexican dollars 451-Gc.
Saturday.
Oklahoma—Showers tonight; colder
In western portion; Saturday fair and
colder.
Arkansas—Rain and warmer tonight;
Saturday rain and warmer in eastern
portion.
By T. C. SHOTWELL.
New York. Dec. 6.—Professionals caught
short of the market were let off easy in th**
onrly trading In Wall street today. At th*
opening of the market prices were off In th*
active Issue* a* much as a point In smut
case*. Almost Immediately an advance be
gan under the lead of Reading and Union
1‘adflc. Reading made up Its loss of 1 point
In n fow minute* and showed a gain of
morn than a point over last night's close
Union Pacific also rose above last night'*
closing. The whole list began to ndranr*
sharply.
The rittsburg bank failure had been an
nounced before the opening, aud. like that
of the Kan*a* City bank yesterday, It
seemed to have been discounted.
Stock* were offered, however, more freely
than yesterday and short* were permltt*.!
to recover. The result wa* a sharp decline
at the end of the first half hour that aver
aged more than l point. There was no
weakness, however. In any department, re
action l*elng purely normal.
Announcement that soldiers had actually
started for Goldfield caused strength In the
mining shares, for It I* felt that bloodshed
will be prevented by their presence and the
mine* will be permitted to open. A* the
Goldfield camp can produce $600,000 of ac
tual gold weekly the opening of the mines
la a matter of International Importance.
The foreign markets showed declines la
nearly all issue*.
Wheat was slightly lower.
After midday the market waa atlll
strong, but with a smaller volume of
business. Fluctuations were narrow
and stocks were well in hand. Traders
did not find much encouragement to
sell shorts. One' of the most active
commission houses on the floor report
ed that a large number of stop orders
were In specialists’ hands at a point or
two below the present level. People
ho have been following the movement
have, In a large measure,, protected
themselves by stop orders automatical
ly Advanced with the advance In prices.
Closing bids follow:
Railway Stocks.
Atchison .731-3
Baltimore and Ohio 83 7-8
Canadian Pacific'. 152
Chicago and Northwestern 138 1-2
Colorado Southern.. 20 3-8
Denver and Klo Grande.. ., .. 211-2
Erie 171-1
Illinois Central 127
Louisville and Nashville. .. .. 95 1*4
Manhattan "L’\. .*. .120
Metropolitan Street Railway.. .. 27
Mexican Central 15.1-4
Missouri Pacific 511-4
New York Central 981-2
Pennsylvania 114
Reading 951-8
Rock Island 15 3-4
do preferred 32
St. Paul 106
Southern Pacific 75 7-8
Southern Railway 14 1-3
Union Pacific 118 7-8
do preferred . .. 80 7-8
Interboro-Metro v.... 8
do preferred. ..... 211-4
Great Northern 120
Miscellaneous.
Amalgamated Copper v . 49 3-4
American Car and Foundry.... 317-8
American Locomotive 38 1-2
American Cotton Oil 291-3
American Smelting and Refining 76
do. preferred 92 1-4
Brooklyn Rapid Tranilt 40
Colorado Fuel and Iron 20 5-S
International Paper .
National Lead
People's Gas
Pressed Steel Car...
Sloss-Sheflleld Steel .
Sugar
United States Steel..
do. preferred
Western Union 60
Mackay Companies \
do. preferred
Va.-Car. Chemical, preferred
.... 44
.... 78 1-2
.... 20 3-4
.... 38 3-4
....107 3-4
.... 27 5-8
891-4
THE LONDON STOCK MARKET.
Amalgamated Copper . . .
Anaconda
Atchison
do. preferred
Baltimore St Ohio
Chesapeake Si Ohio . . . .
Chicago Sc Great Western
Canadian Pacific . .
Denver Bio Grande .
do. preferred ....
Irle .
First preferred
Second preferred
Minds (Ventral . . . . .
Kansas Sc Texas ....
do. preferred ....
Louisville Sc Nashville.
Mexlenu Central . . .
Norfolk 4c Western . .
Northern Pacific ....
New York Central . . .
N. Y„ Ontario St Western
Pennsylvania ....
Philadelphia k Heading
Flrat preferred ...
Second p referred , . .
Southern Pacific ....
St. Paul .......
Southern Railway ....
do. preferred ....
Union Pacific ....
United State* Steel . .
do. preferred . . .
Wabash
do. preferred
FRANK HAWKINS, President.
fl M. ATKINSON. Ylr...fre«ldeot. TUOMAS C. F.RWIN, Cashier.
408EPH A U'CORD. Ylce-PresldeaL tt. W. DYERS. Aaalauu: Cashier.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALHOUN.
MILTON DARGAN.
JtillN W. GlCANT,
il. t U'cnicD.
FRANK HAWKINS.
II. M. ATKINSON,
JOSEPH A. M CORD.
J. n. NUNN ALLY.
J. CARROLL PAYNE.
E. B. ROSSER.
DAVID WOODWARD.
THE AUDIT COMPANY OF NEW YORK
lie Oldest ind Forsnoi! Corjjnlioi Engaged is
Beli Ehonc 3309 Main. 1310 Candler Building.
HARRY M. RICE.
Southern Manager