Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, December 09, 1907, Image 10
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10
THE ATLANTA C^ORGIAN AND NEWS.
INDAY. DECEMBER J.
NEWS AND GOSSIP.
Of the Fleecy Staple.
Did Not Differ Greatly From
What Was Generally
Expected.
WAS WITHOUT EFFECT
Declined On Dullness; Trade
Waiting Government Es
timate Wednesday.
Ktw York, Dee. 9.—Although the census
bureau report on the quantity of cotton
ginned from the growth thla aeaaon to De
camber 2 was about ai bad been expected,
a renewal of Wall atreet find other bull
anpport caused the local cotton market to
open better than due on the cables thla
morning, flrat prices being 5 to 9 points
higher. Realising soon developed on n big
scale, however, and the itit declined about
t points from the top.
The report by the government on the
amount of cotton ginned to December 1
was Issued Monday at 9 o’clock.
The amount ginned of the crop of 1907-08
up to that date Is placed at 8,338.864 tales,'
against 10,024,445 last year und 8,689,663 In
l.OlJM 1,067,424
670,I* 43.738
i,r.v.K:!
628
616.318
841,756
10.394
173,560
476,997
•93.115
203.384
2,077,026
13,675
8,689,663
Missouri . . .
North Carolina
Oklahoma • - .
Booth Carolina
Tennessee . . .
’.'em . . . . .
Virginia . . .
"TOiiT
Special to The C?oralan.
(From Hayward. Vick A Clark.) A
New York, Dec. 9.—J. 8. Dacbe It Co.
4 to 4% points highei
Igher on late positions,
iner on near and 1%
..._ late positions. At 12:15 p. in.
was steady net 2% to 3% higher ou near and
15.000, American 14,300; specniatU,,
port 1,800, Imports 18,000, American 14,500.
The sinners' report fa due at opening to
day. Market has been put up to form a
basis to realise upon the publication of the
government reports. A dispatch to n morn
log paper from New England states that
the mins In all the large cotton centers of
New England are running practically on
full time. We look for au active market
this week, but do not favor going lung
over the bureau. ^ .
Look for some decline today, although the
census bureau la bullish. Market looks
h< Carpenter, Hubbard, Heats. Bhearson and
Nordeo and local crowd all have cotton for
sale.
Carpenter best seller of cotton. Looks
like Price. '
Following are 21 a.- m. bids: December
11.70, January 1L20. March 11.33. May'll JO.
New Orleans* Dec. 9.—Hayward, Vick &
Chirk: Market opened 3 to 6 up, but un
decided. Cenaua report not extreme enough
to create any chnnge. Many people wotting
for erection on bureau estimate tomorrow
to buy on. Look for stendy market. Cot
~ *11 go much higher.
link the bureau will consults the
are buying
the crop estlinm
pected and nor
thla argument.
On a little dip today would buy, na
many people are waiting to buy tomorrow
on any reaction that we do not look for
much chance to get In tomorrow cheaper
than today. It la a amall crop and cotton
will go higher.
Futures easing off some on temporary
dullness, but the market Is all right aud
otton Is all right for higher prices.
Hpot market firm, hut owln,
nd Bunday no samples out aud-
fferlng.
Wonld buy on thla dip. Thei
be much depression tomorrow,
* * '"it market rv. f —--
i 319 advance In time.
Jtistsk crop
Gins report*!f 261873 28,151 ' 33,603
Oklahoma Includes 237,136 bales Indian
Territory glnulnga lu 1906-’07 and 246,499 In
lF5-'06.
On Its publication an advance was scored,
but the advance was later lost on liquida
tion, aa la usual on news of n decidedly
ably by the bulls, only feeble support
Ing from that quarter.
The Liverpool market dosed lower than
due on futures, though spot sales continue
on a heavy scale, spinners taking 15,000
bales at 2 points advance; middling 6.42.
The market In the afternoon was a
shade easier on hammering by profes
sionals and absence of demand. The
close was at about the lowest of the
day. net 6013 points down.
1907.
1906.
Saturday ,J,,
Monday
5l5ST
47,067
HI45T
64.997
Total for two days.....
Total since Hept. 1
ldtori
3.803.632
7S
Estimated recelpta Tuesday:
1907.
New Orlean 17,000 to 20,000
Galveston 24,000 to 26.000
Houston 27,000 to 28,000
Movement at Atlanta:
Receipts Monday . . .
Bame day last year
Increase
Shipments Monday
Snnn* day last year
. 1,750
8,978
.17.218
8,210
SPOT COTTON MARKET
Liverpool, steady: middling 6.42,
Atlanta, steady; middling 11 11-16.
New Orleans, steady: middling 11%.
New York, quiet; middling 12.15;.
Savannah, steady;
iof * ~~ 7M
M"!’
steady; middling 11%.
a*
charleston. Arm: middling 11 5-16.
Baltimore, steady; middling ;
wllmfngton. quiet; middling
** * m. quiet; middling 12.15.
phla. steady: middling 11%.
rnusdelphla, quiet: middling 12.40.
Houston, steady; middling 11 15-16.
Norfolk, steady; middling 11 13-16.
Galveston. Ann; middling 11%.
St. Louts, quiet; middling 11 11-16,
TO DAY'S PORT RECEIPTS.
The following table shows recelpta at the
porta today, compared with the same day
last year:
New Orleans. -
Galveston. . .
Mobile
Savannah. , .
Charleston. . .
Wilmington. .
Norfolk. - . .
New York. . .
Boston
Philadelphia. .
Various. . . .
Pensacola. . .
Pacific coast. .
m:
1907.
13.759
9.496
3.512
1M0
7,774
5.939
"*i6
60
47,067
21,115
18.219
2.448 f
8,066
1,063
1,178
6,4*8
INTERIOR RECEIPT8.
The following table ahftws receipts at the
Interior towna today compared with the
name day last year:
Houston. ,
Augusta. ’.
Memphis.
8.547
2.893
10.650
1,992
14,106
2.626
12.006
7,210
DAILY COTTOH
New Orleans, Dec. 9.—The census report,
published at 9 o'clock, says 8,338,884 bales
have been ginned to December 1, which
compares with 10,027,*68 last year aud 8,689.-
663 In 1906. Deduction* therefrom tfs to
deAnlte crop site may bit well outside of
the mark, but so imn-b can be safely said
that If we make even n liberal allowance
for the different causes for small gtunlng
flguree. todey'a report couArms a amall
crop compared with last year's yield and
consumption. As today*# report did not dif
fer greatly from general expectations. It
had little effect on trading. Ofienlng about
4 higher, trading remained on lot around
opening figures. Many ore holding out of
the market until after publication of the
bureau estimate tomorrow at 12 noon, and
the majority want to boy on any set-back
caused ny thla publication. For this reason
a reaction, If any, will hardly amount to
much. General expectations about tomor
row’s estimate Is around 11.500,000 bales.
Liverpool continues to do a large spot
Imalnes*—total sales today 15,000 at 2 points
higher quotations. Futures are hanging
bark, awaiting the bureau.
Financial news Is encouraging In every
way. The tone of the press Is more conrt-
ATLANTA MARKETS.
FRUIT ArtD PRODUCE.'
EGGS-Actlve, 26%027e.
LIVE POULTRY—!lens dull. 40 cents;
chickens, fries. 22%03Oc. Dncks. Pekin, 15c
each: puddle, 30c each. Turkeys active, 15c
^DlffiStlBR POULTRT—Turkeys, drawn.
17018c pound; fries active, 17c per fiounri;
hens, 16c pound; ducks, drawn, fancy, 17c
pound.
PRODUCE— Lard. 12c p*vind: bams active
16c pound: shoulders actlfe. 10011* pound:
sides active, 11c pound; but'—
pound: beeswax active. 26«
(bright) active, 15c pound. Italian X Chest
"'i'hmVs'AND NDTB-CKron, Me jonniV
nlmnnil,. He pound; Brn.il. lie pound;
Filberts, ISHe pound: Rngll.h nrnlnnts. He
lb. recurs, HVte lb. Fl*s, *o». pks. 7He.;
ll-os. pkf.. 15c., t-ereon peel, 1714e
—'1 It'. v lemon,, r.nnry !
hsnsnns. 3'kc lb.; lime.
.Drnnue wrt. ITHe
lemons, fancy Mes
i.«m.nna. 3%c lb.; lltneg
»100. Peanuts In sacks aver-
rlna 100 pounds each, owing to grade.
6%0ftc pound; dried apple*. 1201214c; dried
peaches,*ll%c. Figs, 31.25 box. Dates. 1-
pound package, 7%e. I,. L. raisins. $2.M
box. Mixed nuts, 25 and 60-pound boxes.
13 cents. Grades, Concord. 5-pound basket.
‘7c. Malaga, per keg. 1506. Apples. New
ork, $4.5005.50. Cranberries. Ill barrel. 50c
gallon. Florida oranges. 12.7503.00; "Pet
Brand" "ranges. $3.0003.60.
VEGETABLES—Potatoes. per bnshel, 90c
veet potatoes. 8u09Oe. Onions. 11.10 bush.
..pnnlsb, 11.W erste; krant % barrel. 11.75:
Danish. 1%. Celery. 85090c n bunch; nor
crate, 6 to 8 doxen,. $5.25. Cauliflower. 100
12Hc pound. Lettuce, 32.2502.60 per crate.
Turnips, l%c pound. Florida benna, 12.50
er °"' FLOUR AND GRAIN.
FLOUR—nighest pntent. 16,60; best pat
ent, 18.75; standard patent. -IR.SO: half pat
ent. 15.25: spring wheat patent. 16.28.
CORN—No. 2 white, 78c; choice White, 80c:
mixed (new). 78c; cracked corn, 100-pound
" n OP^CKKN FEED— Fifty-pound sacks.
Purina rhleck feed, 31.95; Purina scratch
feed. 11.96; Purina feed, 175-pound sacks.
ti68.
OA
No. :
I'llpbru. um .
MEAt^-I-tuln. W-puuno Mck«. 7Cu; 49-
pound «nrk,. 78r; plain, 14-ltettnd luck,, SOe;
"n'Xv—Tlmolhr. phnli-u turn b,l,«. II.SI.
.In., rbolrn .in ,11 linlnu. *170; No. 2. 11.00;
No. J. nnMhtrrt h»lc«. I1.0S. Burmurl,. S5o.
HHOllTR—Choice whit,, 11.10; fnnrj, 11.70;
brown <70 ponnd.l. 11,00; bron, |1.60.
PROVISIONS.
pnnviRIONB—Premium ham,, 14H,: h,l
tin,, 204115 pound, nrnruir-. 944c; fat liorka,
t4J,. Silver I^af lard, 10H« Jevfell com-
bound, to. California hnma, 9e. Ei rlba,
FISH. ,
FIST1—Bream. 7e pound: anapper. 0e per
pound; trout. 9®10e pound: blue Dali, 769c
pound; pompano. 22t4c pound: maekerel, 12H
K nud; mlled llah. t'fr/r pound; freib wntef
>ut, lOe pound; mullet per barrel, 112,90.
GROCERIES.
RICE—Jap, 5V4 centa; heart, SC7r; fane,
M to the jrrade.
reream. lOtie; (Jooreln
; aalt. 100 ponnrta. 50o;
_ rain, ,1.1-i -w- erarkera, stie pound;
lemon, te: oreter, 4e; barrel candy, per
pound. Wr; mlxM. per 8 ivounda, ever; toma-
toea, 2 pound a, BOO raaetl pound,. J-.2B;
aavj beana. 82.90; Lima beam. 7c; beat
matchea per «toaa. 81.81: macaroni. e!*C7«
pound: aardlnea. mnatapt, 83.50 race,
SHOAIt-Standnrd arannlated 88.15; New
York redned. 474: plantation. 474o.
COFFBE-Roaatrd. Arhurkle,, 81AM; bulk
Id ha*a and barn-la. t2o; «reen, Jlfnse.
Shredded bleeult. 18.00 reae: No, 2. rolled
oata. «a caae; aark *rtta. 88-pooad hafa,
12: oyatera. full weight. *2.S eaae: pepper.
18e ponad: baking powder. 85 eaae; red
talraon. » eaae; ntnk aatmon. 84.50 rnae:
cocoa. 45e; rboeolete 48-40; ,onff. Mb |nra
47o: roaat beef, 12.10 eaae: nlrnn (New Or-
lean*-. 880 gallon: corn. 80e gallon: potnai
8S.25C8.80 eaae; peamtta G-ke; rope. 4 ply
cotton, 2274c; aonp, 81.5004.00 —^
Edited by
Joseph B. Lively.
ARKCT
Mr. Lively's twenty-flve
years* experience of ed
iting markets In Atlanta
sod the South has mad*
! dim 0 recnenlxed au
thority In his specialty
TIPS FLASHED.
Prom Wall Street.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF 8TOCK.
Aiaal. Copper . , , ,
Am. Ice Becurltles . .
Am. Bugar Refinery. ,
American Smelting . ,
Am. Locomotive . . ,
Baltimore Sr Obio ........
Ch<?mneake St Ghlo.
Canadian Pacific . .
Chicago & Alton. ........
Consolidated Gas
Centra! Leather . . .
do. preferred. .
Colorado Fuel ft Iron .......
CorniProduce.
Colorado Southern ........
Delaware ft Hudson
Denver ft Rio Grande
Distillers* Kecnritlea
Brie
do. preferred .
General Electric
Great western . .
Great Northern nfd
Illinois Ceutral
Iuterboro
do. preferred . . .
Kansas .V Texas
J*
416
1$
2*74
£
05 . ‘ >CO
<< mi,
•Jos Oi
^3
Total stcM»k sales today, 644.000 shares.
NAME OF STOCK.
Mexican Centrsl. ., . .
New York Central. . .
Northwestern.
National Lead
Norfolk ft Western. . .
Northern Pacific
Ontario ft Western. . .
Pennsylvania
Pacific Mall
People’s Gas Co.. . . ,
Pressed Steel Car. . ..
Reading. .......
Rock Island. ......
do. preferred. . . .,
Republic Iron ft Steel..
do. preferred
Southern Pacific. . ,
Southern Hallway. . .
do. preferred. . . ..
St. Paul
Tenn. Coal A Iron. . .
Texas Pacific
Union Pacific
U. 8. Rubber. . . . . .
do. preferred
U. B. Steel
do. preferred
Western Union. .*. . .
Wabash. ........
do. preferred
NEW YORK.
Following Is the range In cotton fa
New York today:
tares la
Open.
High.
Low.
II 1
,d
Dec
-Tan
Feb
March. . .
April. . . .
May. . . .
June. . . .
July. . % .
August. . .
11.10111.72111.65
11.25 11.28111.15
11.28 11.28 11.28
11.43 11.46 11.26
11.40 11.40 11.38
11.53 11.68 11.33
ii‘.46 1L46 |i‘L26
ll.0lllL01lll.0l
ll.65lll.6fch
11.15 11.16-lf
11.28 11.20-22
11.27 11.26-27
11.38 11.31-33
11.33 {11.38-84
11.28-3(1
11.26 11.26-26
11.01 11.01-08
Tnra
11.20-21
11.28-30
11.37-38
11.37-38
11.46-47
11.41-43
11.37-38
11.17-18
Closed steady. •
•Ex dividend % per cent.
LIVERPOOL.
2 n. in. and close, compared with yesterday:
Futures opened steady.
Opening
Range. 2 p. m.
Dec. 6.02*4-6.01 6.01
Dec.-Jan. . . ,6.02%-6.00% 6.02
Jnn.-Feb. . . .6.04 -6.06 6.06
Feb.-March. .6.04 -6.06 6.07
March-Aprll .6.06%-6.06 6.07
Aprll-May .* .6.04 -6.06 6.06
May-June . . .6.07 -6.06% 6.07%
Jnne-July . . .6.04 -6.06 6.07
July-Aug.. . .6.01 -6.04 6.06%
Ang.-Bept. . .6.93 -5.94 6.94%
4.oo%
6.00%
6.04
6.04%
6.06%
Closed barely ateady.
(6.91
NEW ORLEANS.
Following Is the range In cotton futures In
New Orleans today:
j
|
=
It
2
|j|| -5
Prev.
Close
Dec
Jan.. . . .
Feb
March. . .
Anrll. . . .
May. . . -
June. . . .
July. . . .
11.67
11.51
i'bf.j
ii!f5
i'l'.59
11.67
11.62
ii'.52
11.57
1L60
11.43(11.43111.42-44111.60-68
11.29 11.80 11.80-31 11.46
11.27-2811.46-46
11.3001.31 11.30-31 11.47-48
11.80-32111.49
11.37 11.37 11.37-38 11.55-56
11.38-41 11.56-58
11.4011.4011.41-42111.59-60
Closed cosy.
Special to The Georgian _ ■ -
(From Ifaywnnl. Vick ft Clark.)
New York. Dec. 9.-J. .s. Bacbe ft Co.:
, DIrt*ctors of Distillers’ Becnrlties corpora
tion due to meet for dividend action Deceni-
ber 26. It is probable that the dividend
Mill l»e retluccil and |>os«»bIy passed cutlrely
liecnuse of the needs of company for cash.
If the dividend Is reduced or passed it will
lw» but n temporary exp«llent. In tnklng
goods out of bond the subsidiaries arc
obliged to pay actunl cash, and owing >to
stringency of money conditions, they have
found this a difficult mnttei to do, and na n
result business of the compauy Is seriously
i-ontructed. The same official declared the
company is In nn absolutely sound financial
position.
Murket considerably mixed. Hill stocks
are showing same strength witnessed last
week. Some weakness In few' Industrials,
Including Distillers, Copper. Smelters. Rend
ing holds steady and Ilarrlinnns slightly
heavy. Some picking of low-priced Issues.
Bond brokers say there Is still it big de-
New York Financial Bureau: Reactionary
operations would not be surprising In the
stock market today. A slight recovery first
would follow usual procedure. Reactionary
tendencies, however, ought to be temporary
only aud not extensive, except where un
usually sharp recoveries have taken plnee.
The general market cleurly maintains a
good toue, hut a recession of 5 or 6 points
In the high-priced actives from the top
levels would Improve the general position.
>We would not, therefore, buy except ou
recessions.
Information Is mostly of n cbeprful tenor
ns yet. bear tips seeming to be abseut. Pro-
fevstouals are eelllug the highly active
Issues toM-nrd the top of the recovery.
■Smelting displays a reactionary tendeucy
and the room sella It. Atchison finds con
siderable stock toward 74, but It will be
bought on recessions. Amalgamated Con
ner appears to be held between 48 and 52.
Tips continue bullish on Brooklyn Rapid
Transit. Professionals, It Is rumored, will
try to drive 8t. Paul down today, not much
NOTES ON GRAIN.
Pointers on Provisions.
dent In every way. Hoarded funde ....
coming again Into circulation, and reports
to the comptroller of the currency by the
Interior banks show them In Initer condi
tion and larger resources than was nnthi-
K ted. The apot market Is very firm. Ow-
g to rain and Hunday the outlay Is-un
usually poor. Holders are asking ntwve
quotations and buvers are eager.
Futures lost a few points on dullness,
but the undertone Is nil right.
New York. Dec. 9.—J. 8. Rnche ft Co.:
The ginning report published at the opening
this morning came aliout as expected, being
6.33S.864 bales. Including Unters. The for
eign market held fairly firm nml our open
ing was 5 to 8 points higher than Batnr
* * There was u disposition to
was no marked pressure of long eotton be
cause many longs were willing to nwntt the
f ’overtime!!t estimate tomorrow. The sell-
ug In quantity came from the professionals,
who believed that the long Interest hnil
been unduly extended, and If the report
was about na exptvted the mnrket would
easily sell lower. Up to noon the deelines
ranged about 10 to 10 points from the higher
levels. We favor the short side at the mo
ment, although It would lie Miser, we be
lieve, not to have any extended commit
menta over the crop report. We think the
long Interest has been more extended than
^ resent apparent, and this Interest will
__ _endy to liquidate If the government re
port la a shade different than their expeo-
ta lions.
Swift ft Co.*a sales of fresh beef in At.
lanta for the week ending December 7, av
eraged 6.hSc per pound.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, B0ND8, COFFEE, GRAIN AND PROVISIONS
i Carondelct and Gravlcr Sts., Naw Orleans.
MEMBERS:
Few Orleans Cotton Exchange,
Sow* York Cotton Exchange
OalTsstsa Cotton Exchange,
Houston Cotton Exchange.
Npw York and Chicago Correspondents:
4.8. BACHE ft CO.. AND BARTLETT, FRAZIER ft CARIUNtH ON,
oniVATfi WIRES TO ALL POINT*
Special to The Georgian.
(From Hayward, Vick ft Clark.) ^
Chicago, Dec. 9,-BarUett, Frasier ft Car-
rlugton: Our foreign advice# Indicate that
inallty Is extremely poor. A largo propor
tion of It Is growing ’‘no grade” and No. 4,
and .these grades will sell at prices that
*f low-grade corn should not mean a reduc-
Ion In the price of the May option.
Chicago Recurd-llerald: Resume of the
export wheat situation aa mnde by Munn, of
New York, for 8. C. Love, Is: "Liverpool
for the moment has overbought wheat. The
rest of the United Kingdom has moderate
supplies mid has not bought for future re
quirements for January, February and
March. The continent has only thirty days
supply aud will have to buy quite freely for
December, January aud February shipments.
In fact, the continent Is bidding today for
No. 2 red for Immediate shipment, aud for
good round blocks. There ha a been practi
cally no corn sold for future shipment to
either the United Kingdom or continent.
Demand will come when Europe thinks corn
will curry safely."
••Brices of hogs and product are now Just
nbout/where they were at this time two
years ago,” said n. 8. Whltehouae, the well-
V
nuldntlous to a lower level.”
The Modern Miller In its weekly crop
summary says: ”Reports from winter tvheat
.millers located In the principal producing
states Imllente thnt growing conditions are
generally fnvornble, though the average
condition ia not aa high ns a year ago. The
acreage seeded falls somewhat below thnt
of last year. The Increases nro most marked
In Michigan. Ohio, Oklahoma and Texas.
The reduction of area In Kansas Is amall,
and there la an Increase In Nebraska. Crop
conditions are backMnnl In Ohio, but the
plant has a healthy appearance. Prospects
are beat In Indiana. Kansas and, Nebraska.
The presence of the hessian fly, Is. noted In
Illinois, Missouri and i Oklahoma, but little
or no damage Is reported. There Is no
mention of the ’green bug* In the reports.’
Minneapolis reports that prices of mill
stuffs have advanced $3 per ton this week.
EDWARD MOYSE ft CO.’S
WEEKLY COTTON TALK.
New York. Dec. 7.—The riddle which the
trade ts attempting to solve during these
last tin vs, before tuc government estimate
of the crop. Is how to reconcile the small
amount which next Monday’s census report
Mill probably show as ginned to November
14, with the views of the totnl -• • •—*--
tabled by the most competent <
There U a general belief that the census
figures will snow 1,600,000 less glnued than
Isst year (crop ,13,500,0001 nnd 200,000 less
than 1906 (commercial crop 11,300,000, but ac
tual growth not over 10,800,000).
It will be reiuemlwred that with Its usual
stinginess the bureau estimated the 1905
crop at only 10,162,OOG-or over a million be-
low the totnl marketed—and there Is a
natural fear that the same course of under
estimating will be followed this year. In
such a case It would seem possible that the
bureau plight estimate the yield ns low at
10% utUUous. No doubt the outside element,
now so vigorously balling prices, expect
some such surprise.
On the other hand. It Is pointed out that
Secretary Wilson. In his recent glowing
Interview on our abounding agricultural
prosperity, has put himself on record for a
eotton crop, exceeding In cr.sh value the big
one of last year, and fully equal to the
average of the past five years.
No wonder the trade Is beating about
without rudder or compass so that the gov
ernment report, uo matter what It mny give,
will be a welcome relief from the great un
certainty now; existing. , „ , ,
The finners figures will be published at 10
a. m. Monday, December 9. and the agricul
tural bureau estimate at 1 p. in. Tuesday,
Deoein!*er 10.
In view of what we have outlined above,
it would I»e superfluous for us to advise
evening up accounts closely before the re.
TRADING WAS LIGHT
■ IN CHIM MARKETS
Liverpool Higher on Wheat
• Without Effect on
Our Market.
ST. LOUIS CA8H QUOTATIONS.
WUest—No. 2 red winter
Corn—No. 2
Oats—No. 2
4974
Chicago. Dec. 9.—Wheat %0% lower.
Bartlett-Frsxler sold. Liverpool cables
came higher, while Budapest and Berlin
M-ere,down *4d. World's shipments were
slightly larger' than estimated at 9,616,000 »
bushels, of u'lilch America contributed 65 ___________________
|M*r cent. The strength at Liverpool was t 77 ., ———
on rainy weather In Argentina and less i £"*'*,,%•
pressure to sell La Plata parcels. i Aihoviiin
Wheat was 3-4<ii>l-8c lower, corn lost ATLANTA ’ * * *
l-20>lc, oata were l-80>3-4c lower and | Augusta.
provisions were 10020c lower. Birmingham*. .
— . ... ■' — Bismarck
LIVERPOOL GRAIN f.lARKET. j {’“J'™; .......
Chicago train und iirorlalon quotation* I bJjnrlnrfS”' ‘ ‘ ‘
for today are aa follow,, compared with '
yeaterday’, V
WEATHER REPORT.
WEATHER CONDITIONS.
Today’s map. allows two areas of high
pressure, one covering the Atlantic states
and the other the northern Rocky Mountain
region. Between theae la nn extensive nrea
of low barometer, central near St. I.otils,
while Its trough extends from northern
Michigan aouth to the eaat coaat of Texas.
Aa a Jesuit of these opposing forces cloudi
ness covers nearly the entire country nnd
tlon has occurred along the northern border
of the ranp. Rain was falling this morn
ing at Nen’ Orleans. Mobile, Montgomery.
Meridian. Thomnsvllle. Nashville, Char
lotte and Cincinnati. Warmer weather pre
vails enst of the Mississippi, a-hlle In the
northwest .lower temperatures predominate.
Havre reporting a minimum of 2 degrees
lielow xero.
The conditions favor rain In thla section
tonight, colder; clearing and colder Tues
day.
Minimum and Maximum Temperatures
and Rainfall.
rr./ ! Jnplrer . . .
, Knnsns City.
rr* . Key West.
*** ! Knowliiu
i
KIBK— 4
Jnn. .. 6.72%
May .. 6.80
LIVERPOOL GRAIN MARKei
COTTON SEED OIL MARKET.
New York eotton seed <
March
May
July.
Closed steady.
3S*4^H
ATLANTA OIL MARKET.
Wheat opened unchanged to % lower, and
at 1:30 p. m. was %0% lower. Closed %®%
lower, -
Corn opened flower, and at 1:30 p. m.
8 urn uprutru •,» iuwrr, niiu
wus % lower. Cloaed % lower.
"NAVAL STORES.
Mieclnl to The Georgian.
Savannah, Dec. 9.—Turpentine firm at 45;
sales, 96; receipts, 495.
ltoslu firm: sales. 3,361; receipts. 2,616;
Mutenvhlte, $6.s5; wimlou- glass. 18.70; N,
$6.b*; M. $5.33; K. $5.35; I. 34.40; K, $**.76; a,
32.95; F, 12.9002.96; E, D, 33.8002.96; C, B, A,
$:.\6502.te. . ,
THE SUGAR MARKET.
New York, Dee. 9.—The domestic refined
suxar market was steady nnd unchanged,
•rile ran sugar market mbs stendy. London
licet sugar market was steady with De
cember fyl higher at 9a 7%d, and January
unchanged at 9s 8%d.
CHICAGO CAR LOTS.
Non- Orleans. ,
New York. . . ,
Norfolk
1’alestlne. . . .
Pittsburg. . .
Portland, Me. .
Portland, Ore. ,
St. Louis. . . ,
St. Paul. . . .
San Francisco.
Savannah. . . .•
Simkatir. . . ,
Tampa. 1 ., . , ,
Thomnsvllle. . .
Vicksburg. . .
Washington. . .
Wilmington.
Opening Prices Generally
Lower in New York
the Result.
STARTS UPWARD LATE
Due to Covering by Sellers
of Friday and Sat
urday.
Urrnt Northern abould I*,bought upon oil
reactions of consequence, according to our
reports. The same may be said of Union
Pacific. The bull talk Is strong on Reading,
but It Is temporarily reactionary nml good
Inning will not appear tor support above
90-91. according to specialist reports. Penn
sylvania tuet stock toward 116. The United
States Steels met some offerings, according
to latest reports, toward the top of the re
covery levels, a block being reported for
sale In the preferred Just above 90. Most
of the other stocks are swinging with the
mnrket without special Initiative.
The entire list, as suggested, is not un
likely to extend reactionary tendencies of
Saturday temporarily. But on reasonable
recessions, high-grade professionals will buy
again.
MONEY AND EXCHANGE.
,Neu’ York. Dec. 9.—Money on call, 7020
per cent; time loan# offered at 8; none
tuken.
Posted rates: Sterling exebango, $1,810
4.87. with actual business In bankers’ bills
at $4.857504.85.S5 for demand nnd nt $4.8076
for 60-dny bills.
Prime umrcniitlle paper unchanged.
Loudon Imr sliver, 25%d; Nen* York bar
silver. 55%c.
Mexican dollars. 44%c.
BY T. C. SHOTWELL.
New York, Dec. 9.—Although stocks wert
very strong In Wall street this morning, th*
insiders admitted thdt several weak point*
have been developed and It limy be nco**.
s:iry to clean them out. They were part leu-
Inr. lion-over, to snv that people who re.illy
ewii their stock will not be hurt, nlthuj^
margin traders may have a few days oi uu-
si u ess.
The opening prices were nt declines of
% to It* points. London sent over priori
considerably loner, The short iutereit
built up on Friday iturt Saturday, however,
begun to cover und byr the end of the irst
hour udvames were scored’of from 1 to 2
points In the active Issues. Union and
I Rending were leaders. Brooklyu Rapid
, Truuslt jolued the advnuce soon after the
opening.
Reports that the stoH trust would em
ploy intelligent labor nt higher prices, there
by reducing its own working expenses, and
liicrAisiiig the Income of American citizens
employed by It, strengthened shares of t’ue
trust.
The announcement that the mines la
Goldfield Mould open tomorrow and thnt
there had been no*disturbances lu the camp
made gold stocks very strong, although
business In them was very stagnant.
The census bureau announced that 8.338.IM0
bales of cotton bad been ginned up to De
cember 1, as compared with 10,025,445 bales
n year-ago. This caused a sharp advance
lu cptton options.
Banks ore in much stronger condition,
and, with the exception of the feM- went
stocks, the market Is considered absolutely
safe aud sound.
• In the early afternoon, the market
showed no real rally, although thers
was support at the lower levels and the
volumes of business tended to fall off.
Dullness on the decline induced some
traders to cover who had been operat
ing for a small turn on the bear side.
Closing bids follow:
Railway Stocks.
Atchison ... „ ,, .. 721-$
Today.
jTotnorrow.
a
1 35
400
563
144
277
Hogs, head. . . . .
{ r.ooo
VISIBLE GRAIN SUPPLY.
Wheat—Decrease 64.000 bushels.
Corn—Increase 281,000 bushels.
Oat *-Decrease 271,000 bushels.
Seeded Area Shows Decrease.
Washington, Dec. 9.—Decrease winter
THE METAL MARKET.
MINING STOCKS.
Boston. Dec. 9.—Trinltr. 13%; Smelting,
preferred. 38%; Copper Range. 55; North
Butte. 40: Boston Cons., 10%: Utah Mining,
K; < nl. lt«U., 609; United Fruit. 11574.
Boston, Dec. t.—Following was the bid
•orgia Railway and Electric Ct
i 69; no market for preferred.
WEATHER FORECAST, j
Wmhln*ton. Dm. 9.—IVealtif-r condition.
■■''■ninrBV tut I till Ittm lUTt-tT Ul
io«ir days have merged In a single storm
that le now eentrnl In the middle Mlsalssln-
id volley. Its Influence, however, extends
from the middle gulf to tbo upper lake re
gion and It has caused rain In the Missis
sippi valley and thence eastward to the At
lantic, except In the eastern portion of tbo
middle Atlantic states. A strong area of
high pressure is moving southeastward
over the Missouri valley, with xero weather
In this forecast district, except that the
weather will clear In the South within tbo
next thirty-six hours. The precipitation In
the bike region and upper Ohio valley will
probably turn to snow Tuesday, with much
coiner weather.
The temperatures will fall In Atlnotle
Ktorni warnings
displayed on the
FINANCIAL SITUATION SHOWS
GENUINE RECUPERATION
Henry Clows ft Co., New Y’ork, In their
Meekly circular letter, under date December
7, say: •
‘.’Auother week of gratifying recovery has
been experienced,- and since the panic se
curity values show an advance of 10 points
and over on the lending Issues. In bonds,
as M*ell ns stocks, there have been substan
tial galna, and the whole drift of the finan
cial situation shows genuine recuperation.
The premium on currency la gradually dis
appearing, nnd call money la becoming more
and more easy, ratea having touched ns low
aa 3 per cent during the week. Time money
continues scarce at 10 to 12 per cent for
short dates; not so much from any defi
ciency In supply as from the conservative
attitude of the banks, which are still ob
liged to exercise caution In the granting of
credit. Gradually, but surely, the money
mnrket Is working back to normal condi
tions. The disposition to hoard is abating
■nd bank reserves are rising, having been
materially assisted by the engagement of
about $100,000,000 of gold, tho bulk of which
has already nrrlved.. Fortunately our Inte
rior banks are rapidly getting over their
fright now thnt the sltuntlon In New York
Is Improving, and within n few weeks
money will probably be abundant and much
easier than nt present. There Is no lack
of currency. The nmount of circulation
oil November 30 was $2,876,000,000. nn In
crease of nearly $132,000,000 within the
month, nnd $139,000,000 within twelve
months.”
THE LONDON STOCK MARKET.
Amnlgnmnted Copper . . .
Annconda .....
Atchison
do. preferred ....... .
Baltimore ft Ohio . . . .
Chesapeake ft Ohio . . .
Canadian Daclflc . . . .
Denver Rio Grande . . . .
do. preferred
Erie
First preferred ......
Illinois Central . . . .
Kansas ft Texas .....
do. preferred .....
Louisville ft Nashville . .
Mexican Central . . . .
Norfolk ft Western .- . . .
Northern l'uelflc . . .
New York Central . . .
N. Y.. Ontario ft Western.
Pennsylvania
Philadelphia ft Reading . .
Rock Island
Southern Pacific . . . .
St. Paul
Southern Railway . . .
Union Pacific . . . . ,
U. 8. Steel
do. preferred
Wabash t
do. preferred
Open
ft
l J8
THE COFFEE MARKET
The following figure, fire, the npenlnf
Opening. ClMlng.
• -nriHt >>11,41 o Ill, 5 Ill-tU!17';
Virginia—U.Hn tonight nml prolwhly Tiu»
day; warmer tonight; colder In extreme
western portions 'ru * “ ‘
erly wtm
ruesdny; fresh southeast'
North Carolina—Ruin tonight; warmer in
tho northeast portion; Tuesday fair and
colder lu the western nnd southern por
tions; fresh to brisk southerly *Minda.
South Carolina—Rain tonight; Tuesday
fair aud colder; freah southerly, shining to
westerly winds.
Georgia—Rain tonight; colder In northern
and western portions; Tuesday fair and
colder; fresh west to northwest winds.
Eastern Florida—Rain tonight and Tues
day; odder in uortbern portion Tuesday
night; fresh westerly winds.
Western Florida and Alslwnia—Rain and
colder tonight; Tuesday fair and much colli
er: frwb west to northwest winds.
Mississippi-Fair and colder tonight; Tues
day fair and colder in the* southeast por
tlon: fresh west to northwest winds.
March .. .. .
April .
May
June
July
August
September .. .. .. ,
October .. .. .
November
December .. .. .,
Closed steady, Sales 42,000 bags’
Baltimoro and Ohio
.. 72 3-8
Canadian Pacific
..149 3-4
Chicago and Northwestern ..
..1371-2
Colorado Southern
.. 20 3-4
Denver and Rio Grande ....
.. 201-2
Erie
.. 161-8
Illinois Central ..
..124 1-4
Louisville and Nashville ....
.. 94
Manhatan "L"
. 118
Mexican Central ..
.. 141-2
Missouri Pacific .. .... ..
.. 62 1-2
New York Central
.. 971-8
Pennsylvania .. .... .. .. ..
..1133-8
Reading
.. 931-2
Rock Island
.. 14 1-2
do. preferred
.. 30
St. Paul
.,103 5-8
Southern Pacific
.. 73 6-8
Southern Railway .. .. .....
.. 131-2
Union Pacific,. .. v
..1161-2
do. preferred
.. 80
Wabash
.. 10..
Wisconsin Central
.. 13
Interboro-Metro
.. 7 5-8
do. preferred
.. 193-4
Great Northern
..1191-4
Miscellaneous.
Amalgamated Copper .. ..
,. 47
American Car and Foundry ..
.. 32 3-8
American Locomotive
.. 37
American Cotton Oil
.. 281-2
Amer. Smelt, and Refining
.. 69 7-3
do, preferred .. M ,. ..
.. 90 7-8
Brooklyn Rapid Transit .. ..
.. 401-4
Colorado Fuel and Iron .. ..
.. 201-2
International Paper ..
.. 91-8
National Lead
.. 401-2
Pacific Mall
.. 221-2
People’s Gas ,,
.. 77 3-4
Pressed Steel Car
.. 20 5-3
Pullman Palace CaV
..1401-8
Sloss-Sheffleld Steel .. .. ..
. 36 1-2
Sugar
..104 7-8
United States. Steel
.. 25 7-8
do, preferred
. 87 1-4
Western Union
.. 551-4
Mackay Companies ..
.. 55
COLORED AND FANCY COTTONS
HELD AT FORMER VALUES.
New York Commercial: There is a feellu?
of confidence In the wholesale markets that
is promising of a full revival of Interest l»
spring merchandise. Hellers draw the con
clusion thnt the cutters nnd 'Jobbers have
got over their fright, and will now want
their goods na nearly on schedule time n*
they can get them. It Is stated In the lend
ing commission houses nnd In the sellim:
igenrlea that their store and mall trn<I«
ihows nn Increase day by day. The course
of the market this month Is the exact re
verse of November. During the latter
mouth business fell off dally and requests
for cancellations were piling up. The buy
ers who have any spot needs to cover are «
finding tbo level of prices thnt obtained tie-
fore the blink troubles of October again In
force. The lines of colored cottons, fancl- *
and some of the ticketed lines of st i-1“
brown goods are growing .stronger In price
ua the demnirl front export channels take*
on a more Ituportaut form. The Hoiithetn
mills.that were the first to weaken on their
prices lit the past few Meeks are comiu
nrouud oulekir nnd are placing the
bark at the old level*. Instances are to
cited of udits that have withstood th*
pressure of buyers for concessions. «** *
Mblcb have continued selling their goal* «*
l.i.*4 cent above the general nuirket.
On
lines of spring cottons nnd dress P"
...it Jobbers ore snowing to the retail tr*
the movement has again nsaumed norm:
proportions aud the reports front the run*
men agree In stating that retailers wifi 1
able to tnke^roods as they are due to arrlr.
stocks on the market, as M-ns the
month. On the matter of collection*, t Is
stnted In all divisions of the trade that boy*
em are making an eamekt effort to m**ci
their obligations, and are not causing ’
mills nnd jnbhet* the inconvenience t“i
wns a featnre of the sltnation nn to the i *
foM' days. In the clothing trade the retai ■
era nre selling their winter, stocks In a sat
isfactory manner, nlthough they ere not
ting quite the top prices for the — ■it
1 better grade goods. With the majority
It is a .matter of Importance to
Tuesday; probably freeslng temperature In.., ,» « ......... .
Oklahoma, northern Arkansas ami norths j stocks lower* > *l so they esn get fund* *«»
tvest portiou of eastern Texas Tuesday j meet their obligations for cloth as they fad
morning. j doe.
uewday fair and colder.
Umlslana—Fair and cold tonight and Tues
day; freah to brisk westerly to north winds j
un the coast.
Eastern Texas—Fair and n
Tuesday fair and colder In eai ,
Tresd to brisk northwesterly winds
ccast.
—r»* ' f Vxas-^Falr and colder tonight;
Tuesday fair. .
Oklahoma—Fair and colder tonight; Tues-
-Falr and colder tonight;
^ stem portion;
. FRANK HAWKINS. 1’ivsldent.
H- M- ATKINHON. Vlce.Presldent. THOMAS C. tfRWIN. Cashier.
k W UYKKS. Assistant Cubist-
« * IVI.VI’U.I, * u-r-i-rrsiueai.
4QSKPU A. MTORD. Vlce-Cresldsat
Third National Bank
Capital .... $200,000.00
Surplus and Profits $<GO,OGO.OO
DR. A. Yf. CALHOUN.
MILTON DA IB JAN.
JOHN W. GRANT,
u ). MCdltn,
FRANK HAWKIN'*
U. M. ATKINSON.
JOSEPH A. MTORD.
J. II. Mt.NNALLT.
J. CARUoi.l. i'AY.VR.
K. It. ROH.HKR.
DAV ID WOODWARD