Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, December 16, 1907, Image 12
12
THE ATLANTA GEORGIAN AND NEWS.
MONDAY, DECEMBER IS.
HILLS IN COTTON
j ARE DISHEARTENED
the Outlook Speculatively
Is Not as Bright as
It Should Be.
NEWS AND GOSSIP.
Of the Fleecy Staple.
POT HOLDING WELL
l
tial Prices Were Highest
of Morning—Bears
Hammered Freely.
New York. Dee. 16.—Cotton exhange wire
puses were good Roller* of March anil May
b the call thla morning, and the room
r ow.l sold greedily later. Initial quota-
on* were 13 polnta higher on December
Mid 2 point* np to 6 point* down on the
fifa* nniltlnn*. ' Thar* annaerad td ha DO
I
J At the opening In Liverpool Monday morn-
g future* were better than expected, tho
Improvement bolding for nu hour, after
iritlch, chiefly on selling from thia aide, ail
>e advance wa* Io*L tne cloae being quiet
ft 4% to 3 points lower.
In the spot department the demand waa
>od, spinners taking 12,000 bales at 2
>!nta advance to 6.33 for middling.
New York opened under the Influence of
lllng by Wall street and general selling.
t this move no tangible reason I* given,
easing —, ——Ml .—
*a In the stock market. The financial
luatlon. If no better, la no worse than It
s been. It 1
op will be
— * TUfi u
II re<,
present or better figure*. Hut future*
e we*k for lack of bull speculation.
The market continued weak through-
it the afternoon, the close being called
iteady” at the lowest*point of the
ay, net 18 to 27 point* under Satur>
iy'a Anal figures. i
1907.
. 1966 J
sturday
[nnday
54,832
64,234 «
64.487
Total for two days..*.
Total since Bept. 1
113,104
4.177.008
128,vsr
6,181,183 »
ew Orleans
nlreston . .
:ou*ton . .
Movement at Atlanta;
•ceipta Monday
line day last year ...
Increase
hlpment* Monday ... .
»mo dajr last year . .
Increase
to<k on hand Monday
m<> day last year ..
1907.
,28.000 to 31,000
,16.000 to 38,000
.24.000 to 26,000
1906.
19,383
29,178
32,780
9.102
, 16.508
7,394
Special to The Georgian.
(From Hayward. Vick & Clark.}
New York, Dec. 16.—J. S. Barba A Co.:
Liverpool was duo about 8 to 4*4 lower on
near and % to 1% lower on late months.
Opeoed very steady at 1 point decline. At
12:15 p. m. waa quiet net unchanged to 1
point higher. Snots In good demand 2
points higher: middling, 6.86; sales. 12,009;
American, 10,709: speculation and export,
I, 600; Imports, 8,000; all American. .
The cotton market has bad a tagging
moretaent for several days past. The realiz
ing on the rebound from the break was due
to bulls, who were not able to get ont Im
mediately after the bureau report The
market looks to o» to be in an uncertain
position, with tho likelihood of quieting
down after the fererlehnes* of last week.
cables this morning.
neat might advance
prices this morning, but in the long run we
think It safer to aell short on the bulge*.
The only feature at the opening was the
selling of March and May by a floor broker,
supposed to act for Carpenter, the buying
being principally by Weld and Schlll, sup
posed to l>e for a turn. There is no com
mission business ond no Indication of any
tendency. Without eoiue outside support
the nmrltf»t looks to be pointing toward a
further decline.
Mitchell is the principal support to May
Following ore 11 a. ra. blda: * December,
II. 45; January. 10.80; March, 10.98; May,
11.03: July. 10.98.
Helling by u big bull bouse trying to
break tne market. Thla, we believe, looks
queer, although we thin, *
cotton a buy for a turn a£ leaat on
eaka. Expect to see ginning figure*
and receipts bullish for some time. There
—' —* —" J *‘ -- —isure of
__ _Jd after
payment of debt rather than sell and pat
hi* money la banka. Weakness of Janaary
principal feature this morning.
New Orleans, Dec. 16.—Hayward, Vick A
Clark: Premium oo December futures over
January disappearing, for the reason that
the principal snorts In December have cov
ered.
The whole belt le clear and cold.
Loss of power by the South In the control
of prices, except through epot, Is being
greatly felt. New York has to start and
support now, even the bull moves. We
may have to watt until a bull contingent la
New York Is formed or makes a movo.
However, think the reaction has gone far
enough. Would rather buy, and If there la
it dip on census day. buy more.
Very little spots offered, but demand very
quiet so fHr. Think *4 to % lower to sell,
but no definite trades yet.
Well Bros., Montgomery, wire:
“Invest!-
t-ii itrun., wire. im'
itlon shows picking completed In moat
•* -*—will be completed by the
i and ginning i
breaks again we
of any
rnlddlTn
uary.
vnm,
shall
.,. — learn
trndo except some stsple list good
S t. o. b. offered at 60 to 66 on Jan-
pot prtco about Vic lower.
•POT COTTON MARKET.
Liverpool, steady; middling fi 33.
Atlanta, steady; middling 11%.
New Drleana, steady; middling 11%.
' New York, steady; middling 11.90.
Savannah, steady; middling 11%.
. steady; middling 11%.
steady; middling 11%.
on, steady: middling 11%.
Augusta,
Mobile. l
Charleston, steady: middling 11%.
Baltimore, nominal; middling 1174.
Boston, steady; middling u.w.
Memphis, steady; middling 11%.
Philadelphia, steady; middling 12.1&
Houston, steady; middling 11%.
Norfolk, steady: middling 11%.
Galveston, steady: middling 12. >
Kt Louis, steady; middling 11%.
TODAY'S PORT RECEIPTS.
The following tab!# shows receipts at the
Drts today, compared with tho same day
«t year:
1907.
1906.
"W Orleans. . . .
ilveston
obUt
, vannah. ......
isrleston. . . . . .
Sfi!®::::::
»w York
mton. .......
Illadelphln
iclflc coast
13.532
19,876
1.045
9.918
1.642
4.146
4,078
180
46
70
28.315
19.451 '
3.369
10,966
749
478
2,571
111
169
57
8,390
7To*sl. .......
54.832
64.487
INTERIOR RECEIPT8.
The following table'show’s receipts nt the
t rlor; towns today' compared with the
me daj last year:
1907.
1906.
ouston. .......
Platts
I emphis. ......
L I AMI I*. ......
nclnnatl. . . . . .
12.493
1.674
7.129
2,016
106
B'ii'is
'Total
23.407
37.873
New Orleans, Dec. 16.—Liverpool starts
lie week with n large business—total today
i.oOO-at-2. points higher quotations. This
i an enqjHirsghig fntture^Hu^meprmtiU-
>nk i
..._. r £, nr
krlly curtailed it*"pow"r In' the 'pre-deter-l
itnaUon jof price*, except through the me-
lorn of sprit*. we nro now largely depend-
tit on the speculative doings In New York
nd may have to wait until a bull contln-
vnt is formal there or a move la made.
Vhat contributed further to the weakness
fa a a circular letter sent by New York
irm» to their clients saying that, owing to
'hands! conditions, they would not receive
otton on January futures and would nd-
1se transferring to a later position. The
tremlum of December futures here over
anuary future* completely disappeared to*
lay for the reason that the big shorts in
hat position are out, which ends the
ijueexc. New York contlnned to weakeu
ud this pulled our market down to 11.10
Jpr January. The los of bull support by
Vie South, owing to the restrictive laws,
i most keenly felt In times of need and on
occasions like today. We had to ilanco to
he dirge In New York—there waa nothing
slse left for ua to do.* Home longs, not
fcftltetag the cause of this decline, got
"cared and aold out.' On the basis of actual
otton there Is no good reason for this
apld break which put futures again to a
arge discount under spot values. The spot
aarket Is quiet, offerings are restricted,
•ot the demand thia morning is ntso very
inlet. 8o far there have not Wen sufficient
hies to report reliably on the price, but It
I undoubtedly lower to sell.
.Futures ire.dull at the decline. Thla re-
ictloo panes the market before census
!!H'. ■■
___ easily. On all the buljpn.
_____ are pressing their lines on the inar-
,et. Today a big bull house waa au exten-
New York. Dec. 18.—As we predicted,
there has been no lack of market snusattons
during the past week. Tho glnners' report
on Monday morning was so small as to
cause many to look for a bureau eatlmuto
below 11,000,000 and possibly as low as 10,-
600,000, based upon tne old habit of under
estimating Indulged In by the bureau for
so many years. For the time being Sec-[
retary Wilson’s newspaper statement that
the crop would be the third largest on rcc^
ord was forgotten, but he made his prom
ise good In his report of Tuesday, which
estlmatod the crop at 11,678.000 balsa. ex-J
elusive of (Inters, or In plain words, a com
mercial crop of 12,000,000 bales.
The bulls were taken completely by aur-l
prise and their anxious liquidation caused a
drop of over $3 per bale during the two re
maining hours of Tuesday's sesslou.' There
was still further liquidation and lower
prices on Wednesday, ond the low level
then touched represented a decline of over
34 per bale from the high point at the end
of last week.
The determined attitude of the farmer
baa already borne practical fruit. Althoug!
futures declined after the bureau nearl;
184 per hale, holders of cottqn refused to sell
at nu^ such decline. Speculative shorts
soon found their position a precarious one,
and when they attempted to cover, price*
roso with a rush and nearly all the loss waa
regained In a few hours. Once futures were
restored to the spot basil, then a new era
began, and there la every reason now to
expect that futures, for soma time to come.i
will closely follow the demand and offer
ings In the spot markets.
It mast not »>e forgotten that a good
many people still helluva that the govern
ment estimate means a crop of 12,600,000 or
possibly 13,000,000 bales, but. as we have
atready pointed out, they will find no aup-
port, at least, for many months to come. In
the figure* of the movement, so that tbelrl
opinions carry little weight with anybody
except theuiHclvea. I
Ellison'* Intent circular polnta to n greater
consumption throughout Europe than last
year. In spite of tbo financial troubles
abroad. If this expectation Is to be proven,j
the taking* by mills must contluue liberal,
and. In the present attitude of farmers,
there would bo little room under such con-1
dltlons for any serious decline, except]
when tbo marknt becomes overloaded with]
speculative longs.
atlanta”markets.
FRUIT AND PRODUCE,
EGOS-Aetive. 240260.
LIVE POULTRY—Hens doll. 40 cents;
chickens, fries, 22%08Oc. Ducks, Pekin, 35c
each; puddle, SOc each. Turkeys dull, 16c
Mrjounl. J
DRERRKD POULTRY—Turkey*. drawn
17018c pound; frlee active, 17c per pound;
hena, 16c pound; ducks, drawn, fancy, 17c
pound. i
PRODUCE—Lard, 18c pound: hr.us active,
16c pound; shoulders active. 10011c pound;
•Idea active, 11c pound; hotter, 18ff2<c per
ponnd; beeswax active, 25c nonnn: bone)
(bright) active, 15c pound. If llan X Cheat-.]
nrt 9c
mntf
almonds,
Filberts. l$%e pound; English wnlnuts. 12%c
ib. Pecans, 12%c lb. Figs, 6-ea. pkg. 7%c.
12-ea. plcg. 16c. Lemon peel, lf%r lb.
Orange peel. 17%C lb. Lemons, fancy Mea
•ena, 12.7604.00; bananas. 8%c lb.: Ume*
Florida stock, 50c 100. Peanuts In sacks aver-
aging 100 pounds each, owing to grade.
6%08c pound; dried apples, 12012%c: dried
peaches. 14%c. lies, 11.25 box. Dates. 1-
pound package. 7%c. L. L raisins. 85.08
box. Mixed nuts, 26 and 60-pound boxes.
18 cents. Grades. Concord. 6-ponnd basket.
SOc. Malaga, per keg. 84-50. Apples, New
York, 34.5005.50. Cranberries. Ill barrel. 60c
Edited by
Joseph B. Lively.
Mr. Lively’* twenty-five
years* experience of ed
iting markets In Atlanta
and the South has made
blm a recognised au
thority In hls specialty.
TIPS FLASHED.
From Wall Street.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amai. Copper
Am. Ice Securitlts • . •
Am. Bugar Reflne.y,
American Smelting , •• , ,
Am. Locomotive
do. preferred
Am. Car Foundry. . ,
Am*d<**n Cotton OH ». • «
Anucdnda i
Atchison , .
do. preferred $ .
Atlantic C. Line, . j .. , ,
Brooklyn Rapid T. . . # ♦ ,
Baltimore & Ohio
dlan Pacific.
Chicago A Alton. .
Gonsoltdated Gas. ,
Central Leather. .
do. preferred.
Delaware
Denver A Rio Grande
Distillers' Securities.
Genera) Electric .
Great Western . .
Great Northern pi
Illinois Csntral .
Interboro
do. prsferred .
Kansas A Texas .
r.
k
Hpi
3
<<
ini
18%
R
I
5l
34%
34%
28Vi
29 ##
27
27
26%
68%
;;;;
u-
8*
•;;;
14SVi
149?1
iiii
ii"
1*84
E
138* *
1»“
;;;;
1
II
lii"
lii"
7%
115
;;;;
6S
llll
iiii
*484
Total~aTock sales today, 654,600 shares.
NAME OF STOCK.
Kansas i Texas pfd.
Louisville A Naanvllle.. , • « .
Missouri Pacific. . • • • , , ,
Mexican Central. ••••«••
New York Central; . . . . . .
Northwestern.
National I^ead.
Norfolk A Western.
Northern Pacific. ••••••••
Ontario A Western. ......
Pennsylvania. •••••*•..
Pacific Mall. .••••••••»
People's Gas Co..* • . . . . . .
Pressed Steel Car. . ......
Reading. ...... . . . . .
Rock Island. ..........
do. preferred. .
Republic Iron A Steel.» . . . .
do.preferred. • . .. ... , ,
Southern Pacific. .......
Southern Railway. * .....
do. preferred.
St. Paul.
Tenn. Coal & Iron. • ...•••
Texas Pacific. M
Union Pacific. »«•*•..•••
U. S. Rubber. ••«••••»•
do, preferred. ........
U. S. Steel. .
do. preferred. * .
Western Union. . • • .....
Wabash. . . . * .
do. preferred
Wisconsin Central. • , . . . .
do. preferred.-
NEW YORK.
C tilth.
•teody.
NOTES ON GRAIN.
Pointers on Provisions.
Special to The Georgian.
(From Hayward, Vick A Clark.)
Icago, Dec. 16.—Bartlett, Frasier A Car
rington: To all our friends who are loug
of wheat we urge them not to sell on this
small advance. Wheat la In tbo strongest
losttlon, from a cash *tandpolut, we have
jvor known. -The world Is short of wheat.
The panic has caused us to sell an Immeuse
as It may. one thing we know, the bulla
are disheartened at the future outlook and
the knock-out blow given them when the
government leaned Its report. Now cornea
tne ominous probability of a general buel-
ness reaction In all commercial lines. The
cotton goods business will be the first? to
feel the effects of this depression. Can
E rices for futures hold at thla level In the
ice of this possibility 1
The first prices were the highest, and the
Swift A Co.'» Mle* of freeb beef In At
lanta for the week ending December 14, av
eraged 6.98c per pound.
HAYWARD, VICK & CLARK,
COTTON, 8T0CKS, BONDS, COFFEE* GRAIN AND PROVISION*
Carondelot and Gravier Sts., New Orleans.
MEMBERS:
Or.lTCStcr. Cotton Exchange.
■oastcti < o
A.0. RA
New Grimms Future Brokers* Association,
New Orleans and Chicago Boards of Trade,
New York Coffee Exchange.
Associate Members Liverpool Cotton Au'a
■ACHE & CO., AND BARTLETT, FRAZIER A. CARRINOTON*
POIVATC WIRES TO ALL P0IN7S*
wheat and gel. an advance that you will
remember as long as you Uve?
Chicago Record-Herald: *'Corn la steadily
working Into about the same position as
oats.” said a specialist "The eame concern
that Is lu control of the oats market has
been absorbing corn In the pit at the rate
of about 1.600,000 bushels dally for nearly
a week. Its purchase* are for May delivery
and It Is presumed that It has been In a
measure protected by sale* for July. Unless
there Is a large iucreaso lu receipts of coru
soon It looks as though the congestion In
the market would become acute.”
Antwerp cabled that Argentina waa offer- nearl
ing new wheat there guaranteed to teat 63
LIVERPOOL.
rang*,
i yesterday:
Following figures give the opening
t p. m. and close, compared with yeil
Futnrcs opened steady.
* nlng Previous
nee. 2 p. m. Close. Close,
Dec. .... ,6.91 6.91 6.86% 6.90
Dec.-Jan. . .6.91V
Jan..Feb.
Mnrch-AprU.IS.93 _
Anrll-Mny . .5.9-;%
May-June . .5.94 <2 .. ........ . ^
Jum:-July . .5,96 (Jn.nf,% 6.96% 6.89 6.94V
July Aug. . .5.S*)%'iJ*.9i% 6.91% 6.S6 f.JIVi
Aug.-Bept.. ,6.83 .... 6.43 6.76 Mlyj
GToaed'qulet.
NEW ORLEANS.
Follnwtnr !• the range In cotton future. In
i
Si
li
1
o
n
Dec.. . • .
Jan.* * . .
Feb.. . . .
March. . .
April. . . .
May. . . .
June. . . .
July. . . .
iOo
11.26
iiii
1124
fra
11.60IU.04
U. 27 11.02
friiio.is
fraitdi
friilfru
11.16
1L06
free
fr04
lli6
LIT"
IL08
L044I6
LI. 03-04
•E
L 07-09
11.60-76
11.82-33
11.30-32
1L 28-29
11.29-30
U.3143
11.33-35
11.35-37
WHEAT A CENT UP
AT JE OPENING
Corn, Oats and Provisions
Sympathized and Open
ed Better.
8T. LOUIS CASH QUOTATIONS.
Wheat—No. 2 rad winter..,
Corn—No. 2
Oats—No. i
... ..cmoralized and said that Ar
gentlne wheat waa belug offered for De
cember at equal to 99 cent* per bushel.
London cabled that Bahia Blanca, Argen
tina, wheat testing 62% pounds to the bushel
was offered for February-March shipment
at equal to $1.06 per bushel.
E. F. Rosenbaum, of the J. Rosenbaum
Grain Company, has returned from a ten
days* business trip through the Southwest.
He found Ideal winter wheat prospects nil
through Kansas and Oklahoma, but t the
cash wheat trade Is simply dead—total lack
of call for wheat either export or domestic.
Oklahoma and Kansas mills are running
about one-half time, while 80 por cent of
the mills In Texas are closed down entirely
and the lmlnnce are running at about only
one half time. Thf corn arriving In Kansas
City Is nlinost perfect and .Omaha arrival*
ar £umi&*ct'dried files from South America
were a commercial novelty, attracting much
attention on change Friday. They were
secured by F. Horton from a dealer on the
Liverpool Grnln Exchange.- This dealer
has a mouopoly In lit* line and supplies
aviaries throughout Europe with this class
of bird feed. ^ _ lt .
Tho Cincinnati Price Current in Its week
ly crop summary says: "Winter wheat not
forward lu growth and developing aipwly.
Corn likely lo fall somewhat short of cal
culations in %rl*ld* M . . . .
The Hchwnbscker estimate of the stttk
of provisions In Chicago as compared with
the official at beginning of month waa:
Now. Dec. L
Pork, hrta J}? 24
Lard, tea . JM
Riba. lbs....
illon. Florida oranaea, $2.7508.00; *Tet
otatoes. 80080c. Onion., 11.10 lin,ta.
np.niia, *1.50 mat.| 54 tinrr.l, W.TS.
nunlih. IV. Olory. MetJc n bunob; p»r
ertt,. 0 to * <1oi,n. *5.00. Canllflowor, lot*
lfu« nminit. L»ttno», nor or»l».
Turnips Wc pound. Florid, br.n., 12.60
FLOUR AND GRAIN.
KI.OPn-HI.hMl p.t;nt, KM; l*.t pat.
•nt. K1S; atandard pat.nt, *6.60: half pat
,ni SO: aprlnc whMt pat.nt. K25.
CORN—So. S white. Tie; choice whit., Me;
mixed (new), 76c.; cracked corn, 100-pound
""rliirKRN FKKD—Flfty.pennd aarla. 71)
Purina chlrcli feed, tl.it; I-nrln. acratch
feed, *1.06; Purina fMd, l.Opound aacka,
nllon.
Brand 1
Chicago. Dtc. It—'Wlsct advanced le at
-j. opening. Ur.rrooi waa 44d hither.
World, ablpnema t.i i' i<W, u.-alnat 9.4B.000
laat year, wblla Huhu end Danuba .hipped
nearly 2,800,Op) Ic.a ibtn I .ot yaar. Corer.
In. by aborts ned Imylsc for lnraatiuent
bad a tender y to fu-tuer atlmnlsto the
bnll moyemcui.
Corn, oata and p-s\!«lona showed frac
tional tains In aymputny with wheat
Wheat advanced 7-8 to 1 l-4o, com
was up 1-493-ic, oata up 3-S@ l-2o and
provisions were unchanged.
CHICAGO GRAIN MARKET.
WEATHER REPORT.
WEATHER CONDITION*.
The weather la more or less cloudy over
the major portion of the map, with anow
falling this morning it Havre, Mont., St
Paul, Marquette, Mich., PsTefiport, Iowa,
Pittsburg, Buffalo, Boston, Oswego and
Asheville. Over the South tne precipitation
of the laat 24 hours has been confined
mostly to coast stations In the extreme
east portion. The storm area In tho north
east Is passing eastward, followed by in
creasing pressure from the northwest.
There is a second high area central in the
lower Mississippi valley. There has been a
general fall In temperature over the South
ern states since Saturday morning.
The adrance of the area of btrn pressure
now to the southwest will cause fair weath
er In this section tonight and Tuesday, with
no material change in temperature.
Minimum and Maximum Temperatures
and Rainfall.
Chicago grain and provision quotations
for today are as follows, compared with
yesterday’s close: . _
Previous
Open. High. Low. Close. Close.
WHEAT-
«:: a « 1
:obn-
102%
85 -
July ..
OATS-
tt
8*
6714
July ..
PORK—
Jan. ..12.57% 12.80
May ..13.06 13.20
LARD-
Jan. .. 7.82% 7.86
“MhAl’SS U
Jan. .. 6.7244 6.044
May .. 6.9744 7.10
7.6244
7.1244
*'oATI4—Na. 2 whit., 65C! No. 3 white, 6Jc.
No. 2 mixed, 62c; Golden oats, 6Sc; white
Cl, ,5SM..n. 96-ponnd MOk., 74e: _
pound Mcki. 76c; plain, 24-pound neck., 71c;
1, "YlAV—Timothy, choice Urxe hnle., 91.26;
do., choice .melt hole., n.20: No. 2, 91.06;
*26 00; No. 2 por ton, 124.60: hall, per ton,
til 66.
CANDT-htlck. eeeorted 644c ponnd: ettc>
Mwrte.t. 6<4c pound: f.ncy tMorted. pallx
OWm*; rhocolete drone, palli. IZtyc; Klk. ..
,„n botM 2SM
SttORTS-Cholc* white. *1.75; fnney, *1.75;
brown (73 pound,), 11.66.
®Rf»VI8ION8.
PB04’IMON8—Premlnra ham., 14c: he!-
to 204126 pound, avorajte, »c;_ fat bncka.
4c. SIlTer leaf Urd, 974e. Jewell com-
nound. 8c. California bama. tc. Ex rlb..
IHc.
OROCER7EC.
ntCK-Jap. »H cent.; hMd. 6*7c: fancy
kead. 747744c. necordin. to tke mde.
rHF.KSF-FxBc* fnircre»m. l«ic: oeorrla
cone wmp. Kc cellon: «IL 100 rwunda. Me;
axle jreaa- D.7I: Md« cracker,. *44c pound:
lemon, *0: ny.tec, 7e: barrel ready, per
pound. 644c; mixed. P*f I pounda. «4le; tom.-
to... * pound.. K06 e.*.- 6 pour,.;,, nit;
navy he.n«. *2.96; Lima bean.. 7c: beet
match., per rrn«, *1B; macaroni. 4H»7r
nnwA: psr^tnew mustard, |j.|d <*«»#.
SVG AH—Standard eranulated *5.15: New
Tork —Oned. 444: plantation. 44te.
f-OFKPr- Roaated. ArhuckleW IK ao: hulk
In bar. and barrels. 12e; rrwh. IlfOllc. .
RhreCded biscuit. *3 60 Mae- No. I rolled
eats. *2.25 caae; mcV ,rtr«. K-poond ha n
,**T ora,era. pill wel.ht *2 IS case; pepper
14c pound*, bekln, powd.r. *S ....; red
•almon. » nlnk aoHnon KM caae:
rocoo *4c: rhocotote. 4SUC: annff. t-Ih taro
Me; roast beef. *246 raae: nlrap (New Op
iAswst *»•* rslton: *orn. w*e ctf!«»«: (>otsN)
IS.2508.iri ra*#; p#*nut«. 6Ur: 4 nj y
cotton. 2244c; mu. nSOCi.00 caae. P r
LIVERPOOL GRAIN MARKET.
p. m. ld«tl44 higher. Oloaod 144, higher.
Corn opened 44 higher, and nt 1:90 p. m.
waa 44 blgh.r. Closed 44 higher,
THE SUGAR MARKET.
N.w Tork, Dec. II.—The doracatlc reflned
sugar market today waa strong and nn-
changed. - The local raw sugar market wai
fly. ‘ “ “
VISIBLE GRAIN SUPPLY.
Following ihowi th. weekly yttlbl, npply
0, \\^beat—Increaa. 2,046,000 bnsheli.
Corn—Increase 46,000 buahelg
Oat^-lncreeM' 260,000 buaheln,
CHICAGO. CAR LOTS.
The receipts of grain In cmr tot. tod.y and
Oat*. . . • • • • *•* e
Hoga. head
Today. Tomorrow.
NAVAL STORES.
Savannah, Ua., Dec. 16.—Turpentla, Arm
nt 44c; Mien, 100; receipt., 1,120..
Rosin ■ firm; aale., 4,762; receipts 2,4*1;
watrr-wblte. *6.60; window class, K25: N,
rk-
COTTON SEED OIL MARKET.
•* Naw York cotton seed oil
bwembtr.
January. .
February. ,
March. . .
May. . . ,
July.
Opening.
closed quiet. Sales.
2A00 barrels.
ATLANTA OIL MARKET.
The following quotations ar# based on ac
tual transactions: ; Prime crude, f. o. b.
mills, prompt, December 30. January 30,
Abilene
Amarillo.
Asheville
ATLANTA. . . . .
Augusta. . « • • •
Birmingham. . , . .
Bismarck. «... *
Boston. ......
Buffalo
Charleston. . , , . ,
Charlotte. *•••..
Chicago. . ♦ . . r .
Cincinnati. . . , , ,
Corpus Christl
Davenport.
Dodge. .......
El Paso. ......
Fort Smith. . . , , ,
Galveston. . . 4 , , .
Havre. .
Huron. ......
Jacksonville
Jupiter , .
Kansas City. . * . . .
Key West. ......
Knoxville .
I.os Angeles. ...»
Macon. .......
Marquette. . , , . .
Meridian .
Mobile.
Montgomery. . . . . ,
Nashville. ......
New York. • , * .
Norfolk *
Palestine. ....
Pltaburg.
Portland, Ms. , , . . .
Portland. Ore. . , ,
Rapid City. ....
8t Louis. . . . '' *
St. Paal. ......
San Fronciico. . . , .
Savannah. ....
Spokane. .......
Tampa. .*•••.
Taylor. ......
Thomasrlll*. . , . . .
Vicksburg. ....
Washington. . . .
Wilmington.
llmlpgti
1. Indie
Rain.
Special to The Georglitn.
(From Hayward, Vick and Clark:)
New Tork, Dec. 16.—J. S. Bache &
Co.: It Is learned from an authority
In United States Steel Corporation, that
the finance committee decided lost
week to send out notices recalling: the
order to cut wages, w'hlch reductions
In some Instances to amount to 30 per
cent Thla change was adopted as a
matter of policy. It was feared on ac-
• Ottnt Of large earnings It would bring
odious comparisons. It Is also under
stood that politics entered Into It, for
it has been decided that support Is to
be given to Republican party from now
on by Steel Corporation. Substantially
all the other large capitalistic interest*
are also said to have reached the same
conclusion.
New York Financial Bureau: Improve
ment this week In the stock market stond-
g ctr-
-Hying
against the shorts. Today’s operations will
probably at first bo characterised by con
tinued professional hammerings, although
there was abort covering toward the close
Saturday by professionals In anticipation
of a good bank atateraent, which expecta
tion was fulfilled. We would prefer “
“ * di
advances, not on decline*.
Supporting orders still remain toward 44
In Amalgamated. On finding buying ordera
toward in Smelting professionals hare
covered. St Paul continues to be ham
mered bv the room, beln'g specially sold on
rallies ror turns on account of rumored
liquidation. The same Is true of New York
Central and Sugar. Northern Pacific should
be bought on a scale down. Rending Is re<
-— ‘-Hat* supported toward
price would go lower,
—‘ below,
_ a Pg*
eifle meets good support toward 70. Union
Pacific Is being bought by Insldera On a
scale down. It seems in a sagging move
that may be turned any time. We are not
bearish on this stock. Morgan buying or-
d^r* ure reported on Steel preferred around
Town Topic*: While the Increase In the
snklng reserves certainly shows an lin-
roving condition among our financial Instl-
lous deficit In the legal renuirem .
ng made up. Then It must be remem-
that the numerous clearing house
TRADE IN STOCKS
Not Large Enough to Indi
cate Whether Market
Was Weak or Strong.
NO PRESSURE* TO SELI
Buying Orders Were Few.
■ Copper Stocks Were
Firm Early.
Consequently we may
slow improvement that, besides discount#
nanclng anything like a bull movement In
the stock market, the banking interests will
continuo to call loans nod Insist; ou the
payment of maturing obligations. This, In
our opinion, will render precarious the posi
tion of many stock market pools, during the
next thirty days, and will be tne cause of
repeated weakness In prices which will en
courage bearish aggressiveness.
New York Central Is reflecting dividend
and financing development!, and we regard
this Issue ns being on tho verge of break
ing to prices much below any yet recorded
during the year.
Pennsylvania, In sympathy .and for simi
lar reasons of her own, has a downward
tendency, and we would sell both stocks
on all strong spots. In fact, the railroad
list generally Is now about as reactionary
-- *he Industrial department on account of
exceedingly unfavorable net earnings
that are being reported.
, Union Pacific Is the feature of an active
market for Americans In the early London
tradlug.
THE COFFEE MARKET.
ew York coffee
lea tea trace of rain or snow.
B. MARBURT. Section Director.
WEATHER FORECAST.
Washington. Dee. If.—Weather condition*
and general torecaat:
Pressure la ■till low In the St. Lawrence
illey and the lake region, and the weather
is cloudy, with anow fn the greater portion
of tha£ territory.^ A disturbance that moved
' Sunday Is now
« umii
in from th. Pacific coast .. „„„
central oxer ArUou. Thu. fir It hi. prq-
Opc«l only light .now In the aontbern Bockr
Mounttln region and rain In California.
The temperature la rradsallr nniu In the
2S\J£S fn”VK B,rtUre fro “ k* nor-
Snow will'doubtleaa continue aloof the
lower lakes and In northern New Tork to-
nlfht and Tuetdajr, with a allfht fall In
temperatnra; elaowhera fair weather la
probable with only allfht chinfct In tem-
Forecaat until 9 p. m. Tueaday.
virftnla—Pair tonight and Tuesday; cold-
«r tonlfht In w.at-cntral portion; fre»h
weat.rly wind..
North Carolina and Sooth Carotlna-Falr
and contlnned cold tonlfht; probably frost:
Tuesday fair; llfbt to freah weaterly wind,.
Gaorata—Pair and contlnned cold .tonlfht;
probably froat In aoutbern portion; "Tuesday
cloudy and warmer In hortbweit por.
Jfht northwesterly winds, diminish-
"Saatern Florida—Fair tonlfht, with frost
In northern portion; Tuesday fair and
allrhtly warmer: Halit Tarlahle winds
. writern tnorlda-Falr tonlfht with llfht
frost: Tueeday fair and warmer; light
northerly winds, becoming southeasterly.
.Alalmma. »»d Ulealaalppt-Falr tonight;
light fro«t In extreme .outhern portloni;
Tncaday Increasing cloudlnera and warmer;
light variable winds.
Kentuck>* and Tennessee—Generally
fair tonight and Tuesday.
Louisiana—Fair tonight; warmer in
western portion. Tuesday fair and
warmer: light to fresh northeasterly
winds on the coast.
Eastern Texas—Rain In western, fair
eastern portion; warmer tonight.
Tuesday rain and warmer; light to
freah east to aouth wind* on the coast.
Western Texas—Rain or anow In
northern, fair in southern portion;
warmer tonight and Tuesday.
Oklahoma—Fair and warmer tonight,
Tuesday rain and warmer.
April
Slay
June
July
August
September
October
November
December
Hales 13,000 bags.
SOUTHERN MILLS REFU8E
• LOW VALUE8 FOR EXPORT.
In the cotton goods trade It waa regarded
as a significant slgu that the naming of
6 rices on Amoskeag A. F. C.a by L\ L.
ausher & Co. was at a firm level and bore
sustained. The Ltiiity dress giughams were
placed at 9% cents an
seersuckers nt 11 cents,
lowing the announcement u.
If. B. Claflln Company posted a' bulletin
making the price on A. F. C; ginghams 11%
cents 6 per cent, ond Amoskeng seersuckers
11 cents 6 per cent. The general moveineut
In the cotton goods trade wa* stronger Bat-
urd ay, and there was selling for forward
delivery to an extent that nn not been
equalled in several weeks. The Southern
mill representatives In this city State that
they are not willing to accept export busi
ness at the low values at which brokers
are seeking to close contracts. The few
Instances where they let goods out last
month have been taken as a sign that the
entire market wa* weaker. But th# buyers
who are looking for Irregular prices ou
brown goods are being disappointed. The
readjustment that ia being made Is gradual
and Is not detrimental to the'trade, ns It
Is fostering buying. The only class fit trad
er* who are not In good shape are the cot
ton good* converters, nnd they are havlni
trouble with their flntshed products atn
also with the gray goods coming forward ti
them. On the finished goods they can noi
fore* sales and the print cloth mills are
keeping them up to their contracts for
convertibles. A readjustment on printed
fabric* Is to be expected In the opening
month* of the new year. If the price of gray
na the 4%-ccnt level for
time to move tbetr stocks. The lines tilat
are sold under a guarantee can best be pro
tected by the mills curtailing production.
IOBEPH A. M'CORD, Vlce-Prealdaat
By T. C. SHOTWELL.
New York, Dec. 16.—Extreme dullness tfr*.
.vailed-In the stock market during,the<*£&
part of the session today. Trading wasnoY
on large euough scale to Indicate whether
the market was , weak or strong. Thera wan
'no pressure of stocks for sale and apparent
ly no buying orders., *
For weeks it has been rumored In Will
street that the sailing of the flcot for th,*
Pacific would be signalised with n raid on
the market, but the schemers apparent!*
hare been robbed their ammunition hV
tbo announcement,of the peaceful luton'.
tjfons of Japan. ** ».*•• *.! r. ;
Stocks were firm in London nnd Amiri,
cans especially were In good standlurth^r.
because of belief abroad that.Jhe financial
disturbance In America is over for tie tihu»
being and that gradual improvement must
be manlfeat.
Brooklyn Hop Id Transit wss one of tho
leaders In New York, nnd Itenillnx .u,,
was sctlre. Copper stocks were Brio ,
Whest St Isst become sctlre and mlvntieM
lc ft bushel. The hull position In wheat I.
rery itroiin on .tntlstlei (Hilntln* tti a v.rr
great shortage In tho snpply for Liverpool*
Cotton was weaker. ,
The curb market was dull. ,
Closing bids follow:
Railway Stocks. H
Atchison , ., 69 3-4
do, preferred gs
Baltimore and Ohio .. .. .. .. .. 795.5
Canndlnn Pacific 144 1-j
Chicago and Northwestern!. . .133 1-5
Colorado SoutherH .. ...... ., ];<
Denver aryl Rio Grande |9
Erie ..
Louisville and Nashville ..* .. .. 89 1-2
Mexican Central 1,1.4
Missouri Pacific 421.4
New York Central 931-4
Pennsylvania 113-s
Reading ; S9 3-4
Rock Island \ , •
do. preferred *.. ..' 2S1-2
St. Paul ..*.. ... 1. ,. i. ..id
Southern Pacific 711-3
Southern Railway .. 121-3
Union Pacific. 1141-4
Wabash pi-2
Interboro-Mtro .. 53-8
do; preferred ...... .... .. If 3-S
Great Northern 115
Miscellaneous.
Amaigalntcd Clipper .’. .. .. .. <3S i
American Car and Foundry ..
American Locomotive
American Cottpn Oil
Amer. Smelt, and Refining ..
do, preferred
Brooklyn Rapid Transit .. .
Colorado Fuel and Iron
International Paper .. .. ..
Pacific Mall .. .. .. ... .*. ...
People's Gas .. .. .. .
Pressed Steel Car .. .. .. ..
Sugar .
United States Steel
do, preferred
Western Union .. .. .; „ .
Mackny Companies ,
Vlrglnla-Carollna Chemfcal,,.
34 3-4
, 27
. 69 3-4
89 1-3
68 1-4
IS t-l
81-4
25'
, I7H
, 19
93 5-8
, 231-4
861-5
MONEY AND EXCHANGE.
NeW York.,Doer 16.—Money on callj'B'QM:
time loans firm; 60-(lay and 90-dny loans, 10
012; six months, 8.
Posted rate*: Sterling exchange. $4.8560
4.8570 for * * * ’ -
Prime
London 1/n* num, 44>7|u.
New York bar silver, 64%e,
Mexican dollar*, 43%c.
Rimi rates: Mterung excnnngo. ji.w i»
) for demand anil $4.8025 for OOldtv bill*.
Ime mercantile .pnpor unchanged, 6vi
ndon bar *llver. 2a%d.
GEORGIA RAILWAY AND
. ELECTRIC COMPANY.
Boston. Dec. 16.—Following w*s the Wj
and naked price of Georgia Railway nod
Electric Company today: Bid 73, nominal;
asked, no market; preferred asked, 80; ulu,
to market.
THE LONDON STOCK MARKET.
Atchison . . .
do. preferred . . .
Baltimore A Ohio .
Chesapeake Ar Ohio .
Chicago A Great Western.
Canadian Pacific
»r "*
or
Erl# ...
First preferred .
Second preferred
Illinois Central . .
Kansas A Texas .
do. preferred . .
Louisville A Nashville....
Mexican Central .
Norfolk A Western
Northern Pacific-.
New York Central.
N. Yi, Ontario A Western
Pennsylvania .... . , ,
Philadelphia A Reading
Southern Pacific ... k < •
Rt. Paul
Union Pacific .....
U. 8. Steel ......
do. preferred . . . . •
Wabash
do, preferred .. ■
Open
M
m
I
ERWIN, CssMrr.
■ ' 1* Cuhlu
k. W. BYERS, AMlItitlC
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
MILTON DARGAN.
FRANK nAWKINS.
H. M. ATKINSON.
JOSEPH A. U'C6BD.
J:
THE AUDIT COMPANY OF NEW YORK
The Oldest and Foremost Corporation Engaged in Accounting
Bell Bhone 3309 Main. 1310 Candler Building.
HARRY M. RICE * ... '. Southern MiniO*''
No. 1 Fresh Tennessee Eggs, 22c Doz.
We CASH WITH OROLR OR C 0. D, BELL PHOHE 5ll{
Evcxy Ebb. KELLEY PRODUCE CO, 8912 Decatur St,, AHan'a Pftcse 1522