Newspaper Page Text
iMMEEffIGIN
M-fflOlO
I SHIP SUBSIDY
■Manufacturers Complain That
■ Rail Chiefs Are Trying io
I Dominate Conference.
B| milks of the Panama
again was threatened
~. hotel tins morning
■ la.uglas, of Nashville,
■ ull , rests which. it is al-
■ ei-oiit by a Ship subsidy,
M ’ introducing a resolution
■ convention to tile idea
M .■., ■. . .a. nnrlne.
■ ’ . y president of the South-
M '.. , eaupa'.n, was in the chair.
M ..gut. Mr. Douglas, that
hn-
■ might up this matter at
■B \\ . have.a number of proin-
H mti.-ials here whom «<i
■ from. They have come
H’[ ,s. There is a .separate
B r . pp.-rimon for discussions of
B marine, and I shall rule
■ . ■ ~u mt of order, at the risk
B gm. Tilled by the convention. 1
Bjc.i ~t ~ii Mr. Kriegshaber, vice
B . - .■ .■ ■ Uhamber of <'ommeree,
■ w take the ehair."
B Ruled Out of Order.
B v . , : I liar., been trying 24 hours
p - question before the conven-
B ported Mr. Douglas, “and - have
B J,,/m.vreded and I should like to
B f. n „ u V. hat hour the friends of the
H pur,- have a hearing.’’
B a -i,■.■..!.t. of ( ’hattanooga., pres-
B . large manufacturing con-
B r ... rep: esenting at tile confer-
B . .■ .. mmooga manufacturers with
B S3O.M". 1 " 111 resources, said:
B -Ye.-." Mr. i’hairmail, "there are a
■ , 1i! , 11 b,-r nt delegates here who are vi-
B itrnr.-sted in this proposed reso-
■ lution."
■ .Mr. Kri.g.-liab'T ruled Mr. Douglas
B nr. ~f order, but the advocates of the
B rrume. • that thev will make a
B ng],- u< passage at the afternoon
B session.
B Friend- .o' the resolution assert that
B th, , i:m;d men are dominating the
B relive, that they have had the im-
B . <• 1,1 ~, nmi't.-e appointments and
• .nm.int marine advocates have,
B ■•I: r exc. pilon, been left off. They
B p-i-hr tie fw tioiialism that has erop-
B .' . i. • declare that an issue must
B be made sooner or later.
B Atlantan Made President.
B T i.. gates honored Atlanta by
B • ■>t Wilmer 1.. .Moore president of
B miifen i,. . for tile ensuing year and
B '.V.dter (I. < neper treasurer. Mr. Moore
B ■ ■ . of town and it is not known that
B •■• vi i accept, because of pressing
B business duties. Mr. Cooper declined
B "t this reimon mid the hotly then left
B Me s> |.. ilo-j of treasurer to the presi-
B on: ami an executive committee. The
B .’ioi expressed a preference for a
B hanker for this place, and Robert F.
B Maddox was mentioned. The secre-
B tan-manager is to be chosen like the
B treasurer.
B The exe--utiv< committee is composed
B ■' James W. Porch, of New Orleans;
B A. sinh y. of Birmingham; Wilson
B P. Harvey. ~f Charleston; G. I. Swig
fl swt. of Tennessee; E. O. Painter, of
■ Jacks,.i;v;;|,. ; [■' ]) Strachan, of Brun.s-
■ ’ jH ' : H'lny !•'. Baker, of Baltimore,
B ' .t’ l s <Hook, of North Carolina.
■ i" .miens wiiieh'join In the confer-
■ '••■•vvment will be assessed $1 per
B . v< ry hundred members and
■ nu-: v, t least 500 members. Indi-
AN IDEAL GIFT FOR THE HOUSEWIFE
-nn—ißim—n■■ n— nn hjh.ihw i—TWuwmiir- .^tinnmrTaTtn-TißiinrrTßrOT*iwyniwiiiiwinrw^. , ’ -
toil
H I I-
•• ■ I i
THE SANITARY MILK CABINET
Protects the daily milk supply against the bad effects of summer's heat or winter’s
cold. Powerful insulator creates vacuum that maintains even temperature from five
to six hours. By its use your milk
CAN’T FREEZE IN WINTER,
CAN’T SPOIL IN SUMMER
Save six first-page headings from consecutive dates of THE GEORGIAN. Present
them, with $2.00 cash, at our office and get this practical and unique necessity.
THE ATLANTA GEORGIAN
Circulation Department. 20 E. Alabama Street
Out-of-town subscribers add 25 cents for packing and shipping.
STATE MOVES TO END
OPERATIONS OF BOGUS
INSURANCE AGENCIES
The department of insurance has re
ceived numerous complaints of late that
bogus agents for industrial insurance
companies have been operating through
out the state, collecting premiums for
companies they have no authority to
represent.
The department has given out a state
ment. in response to these complaints,
warning all policyholders not to pay
premiums to persons personally un
known to. them, unless such persons
can show authority direct from the
state department qualifying them to
collect.
TURNER EXONERATED
OF “MOVIES” CHARGES
BY COUNCIL PROBERS
After a long session of investigation
of the official conduct of City Electri
cian R. C. Turner, on account of charges
that he had shown discrimination in
granting motion picture machine opera
tors licenses, the special committee of
council will report to council an exon
eration of Mr. Turner.
The committee, which met yesterday
afternoon, will recommend a number of
changes in the law requiring examina
tions of motion picture machine opera
; tors. They decided the requirements
! now were too lax.
| -
PRESIDENT TO VISIT
! PANAMA FOR DATA
ON APPOINTMENTS
WASHINGTON, Dec. 11.—Announce
ment was made at the white bouse to
j day that President Taft will go to Pan
iaina. He will leave here December 19
•and sail from Key West on the battle
ship Kansas. The president will re
turn to Washington December 31.
The visit to Panama will be made for
the purpose of looking over conditions
lon the canal zone and obtaining data
I for the appointment of officials to re
| place the present commission.
SUFFRAGE FIGHT IN NEXT
S. CAROLINA ASSEMBLY
COLUMBIA, S. C., Dec. 11—Miss
Evelyn Doragon. of Cleveland, Ohio, a
suffragette, who has been in Columbia
for several days in the interest of a
woman’s suffrage bill, said before leav
ing that the measure would be intro
duced at the coming session of the
South Carolina legislature. Who will
introduce the bill she would not say.
I Miss Doragon has gone to Savannah,
! to work for the passage of a similar
I bill through the Georgia legislature and
to work up the suffrage organization
in that state.
viduals may and corporations and firms
must give SSO each.
Finley Declines Place.
1.. E. Johnson, president of the Nor
folk and Western railroad; T. M. Em
erson, president of the Atlantic Coast
Line; Mr. Campbell, assistant to the
president of tiie Baltimore and Ohio
railroad, and others spoke of the inter-
I est which the railroads felt in the canal
| movement.
President Finley was offered a place
' on a committee, but he decided that he
I would prefer to work in the ranks. Mr.
I Johnson declared it would be a mistake
to’put the railroad officials very high in
the movement.
The discussions of a subsidy have a
bearing on the recent move of Bernard
D. Baker, of Baltimore, to make gov
erment-owned ships idy the canal,
with no railroad or railroad officer in
terested in the lines. This project fell
through for want of financial support,
it is said, but the advocates of it de
clared it would have made wholesome
competition for the railroads.
TTTE ATLANTA GEORGIAN AND NEWS. WEDNESDAY. DECEMBER 11. 1912.
COTTON GOES OP
ON SPOT DEMAND
Increased Liverpool Sale Stim-i
ulate Trade—Opinions Di
vided on Estimate.
NEW'YORK, Dec. 11.—Increased sales
in Liverpool resulted in a buying move
ment at the opening of the cotton mar
ket today. The tone was barely steady,
with prices a net advance of 3 to 5 points
from last night’s closing quotations. The
big Tirolessionals were inclined to side
step. awaiting the government estimate
tomorrow at 1 p. in., our time. The sell
ing pressure that prevailed over the mar
ket during the. forepart of the week was
not in evidence. However, the ring sold
rather freely, but the absorption by the
larger S]A>t interests firmly maintained
prie<-s in narrow ranges. After the call
trading was less active and prices sagged
a few [mints in most active positions
from the initial figures.
Futures in Liverpool firm; spots steady
and in fair demand.
The aggressiveness of spot interests to
day brought caused uneasiness among
shorts, which brought out some short
covering However, there was very lit
tle cotton for sale at times, but those
who bought at lower prices furnished
some of the cotton. New Orleans was
said to have sold, also Wall Street sold,
but it is more apparent that there are
not any long lines in the market. About
the most stimulating factor was the re
port that John McFadden was very bull
ish. saying the crop was not over 13,300.-
bales and advised his friends to buy. This
was said to have brought out a wave of
good buying from a. number of good
sources, causing a rapid advance, when
prices regained the initial decline, rally
ing 3 to 8 points over the opening.
With the market being heavily sup
ported by the larger interests it is appar
ent that all interests are centered on the
bureau report and show caution in mak
ing their operations. Opinions are much
mixed, but the feeling prevails that if
figures are under 1.4,000,000 bales a good
advance is evident. On the other hand
figures over these would have a depress
ing influence, causing a temporary de
cline. Last year the government report
estimated the output of 1912-13 at 14,885,-
000 iiales.
The market was dull during the after
noon. traders seemed to be standing aside,
[trices were firmly maintained at the best
figures of the day. which were said to be
well evened up to meet the report.
At the close the market was steady,
with p-ices a net gain of 3 to 15 points
from the final quotations of Tuesday.
Semi-weekly' interior movement:
I 1913, j 1911. I 1910.
Receipts 1126,725 108,52:1124. 117 4
Shipments '116,457:147,3671109,256
'574,382 658,208 617.f,39
RANGEJ N NEW YORK FUTURES.
I eI - . ® | < ®
| o J _l-r. U | 2.5
I 'ec. 12.42.12.52i12.T2’12.52> 12.52-54 12.39-40
Jan. 12.55-12.64,12.51 12.62112.62-63112.50-51
Feb. I ! 12.62-12.62-64 12.51-53
Meh. 12.64 12.72 12.61'12.72112.70-71 12.59-60
April 1 112.66 12.56
May 12.60 12.67 12.51'12.67 12.66-67 12.56-56
• lune |ll 12.63 12.52-54
July 12.55 12.54 12.52'12.64 12.63-64 12.51-52
Aug. 12.44 1 2.55'1 2.44 12.54 12.54-55112.39-41
Sept. 12.00'12.02:12.00112.00111.99-01'll.96-12
oct, 11.84 II.Di 11.81 11.90 11.89-90 11,80-82
Closed steady.
Liverpool cables were due to come 6
to 7 points higher, but the market opened
firm 5 1 '2 to 6 points higher. At 12:15 p. m.,
the market was dull, 7% points higher
on August-September and 6 to 6% points
higher on other positions. At the close
the market was quiet, with prices a net
gain of 4 to 6' 2 points from the final fig
ures of Tuesday.
Spot cotton steady and in fair demand
at 7 points advance; middling ?.06d;
sales 10.600 bales, including 9.000 Ameri
can: imports 22.000 hales, including 7,000
American; tenders, new' docket, 1,000
bales.
Port receipts are estimated today at
63,000 bales, against 76.052 last week and
66,191 last year, compared with 61,317 the
year before.
RANGE IN LIVERPOOL COTTON.
Futures opened firm.
Opening. Prev.
Range. 2 P. M. Close. Prev.
Dec. . . . 6.79*4-6.78>« 2 6.7954 6.73*4
Dec.-Jan. 6.78 6.78 6.78 6.62
Jan.-Feb. 6.76 -6.75 6.76% 6.76 6.70
Feb.-Mcb. 6.74%-6.73% 6.74% 6.68%
Meh.-Apr. 6.72 -6.73 6.73% 6.73 6.67
Apr.-May 6.73 6.72 6.65%
May-June 6.70 -6.71 6.71% 6.71 6.64%
June-July 6.68 -6.69 6.70 6.69 6.63%
July-Aug. 6.65 -6.66% 6.67 6.66 6.59%
Aug.-Sept 6.65*2-6.57 6.57 6.56 6.49%
Sept.-Oct. 6.37%-6.38 6.37% 6.32
Oct.-Nov. 6.34 -6.33 6.33 6.32 6.27
Closed quiet.
NEWS AND GOSSIP
OF THE FLEECY STAPLE
NEW YORK, Dec. 11.—N. L. Carpenter
Ac Co.: The action of the market on open
ing showed there was an overnight local
short interest.
Tomorrow is a great day for cotton
traders. The government final crop esti
mate will be made public.
\ ery little was doing in the market to
day; traders decided to hold off until after
bureau day.
Spot buyers who have recently re
turned from a trip over Texas say they
find most of the cotton very good In
grades; also Oklahoma cotton was good
in grades, but in Memphis thev meet
somewhat poorer grades, but still better
than that offered last year.
Cotton is being held in Texas at 40
points above Liverpool basis and holders
are inclined to sell.
I’he ginnings from November 14 to De
cember 1. of 1,553,001 broke all previous
records for the period.
Walter H. Moler says that 85 .per cent
of the crop is ginned and that making a
total of 14,300,000 bales, including linters.
Georgia is beginning to surprise every
one as to the size of Its output this sea-
P an n ° longer be estimated at
1.600,000 bales, which has been the pre
ion many estimators from the in
itial of the season. Its ginnings to De
cember 1, were 1,563,443 bales.
W hlle trading was not of a large char
acter today offerings were rapidly' ab
sorbed, most of which came from spot in
terests.
Mitchell, Gwatbmey, Schill and Riordan
were the leading buyers todav. A’erv lit
tle cotton was for sale.
The ring crowd covered ghosts today.
Russell, Wilson, Hartcorn, Shantz, Hub
hard and Schill were leading sellers dur
ing the forenoon trading.
"’he average guess of 131 members of
the New York cotton exchange for the
crop was 13,856,000 bales.
Dallas wires as follows: "Texas gen
erally cloudy and cold; raining In south
ern anil eastern portions; 20 above at
Amarillo. Oklahoma generally fair and
cold.
Following are 11 a. m. bids: December,
42.47; January, 12.56; March, 12.67; May,
12.63; July, 12.60.
NEW ORLEANS, Dec. 11,—Hayward &
(.’lark: The weather map shows cloudy
in the entire belt, general rainfall in Okla
homa and Arkansas, further rains in the
southern half of the belt and Atlantics.
Galveston section, disturbance oft Texas
coast; will move eastward ami cause
brisk to high northerly winds this after
noon and tonight; much colder; small
craft warned on Louisiana coast and bal
ance of Texas coast.
The New Orleans Times-Democrat
says: in the effort to discount the gov
ernment's cotton crop estimate due to
morrow afternoon, the talent is confront
ed- by an uncommon condition of affairs.
The second largest crop is promised, the
largest consumption on record is prom
ised and nqw almost seems assured. Last
year’s consumption was as large as this
year's crop, and is likely to prove it, and
if this year’s consumption is to exceed
that of last year the prospect Is for a re
duction in the amount of .American grown
cotton in the world on August 31. 1913,
as compared with August 31, 1912. It is
this prospect that constitutes the bullish
basis on which the cotton market lias
been working. But in this connection it
should not be forgotten that one year ago
March contracts sold at 8.83 in New Or
leans, or practically 400 points under the
high price of March yesterday. These
400 points discount a very much clearer
professional vision of cotton market in
fluences, as well as the independence of
an emancipated farmer, but they do not
discount sustained excess of consumption
over production.
Last year’s heavy yield literally saved
spinners from tiie cumulative evils of a
series of years of under production of the
raw' material. But the very bountffulness
of the soil, which came to the rescue of
the spinner, has also encouraged the
spinner to expand his trade and need.
Thus we are confronted by' a prospect of
actual consumption in 1912-13 of, say fif
teen million bales, which is the reason
why the talent, in squaring up their ac
counts on the eve of the government crop
estimate by more contracts than they sell,
even in the face of a wonderful advance
during the past few weeks. The esti
mate. which will not include linters, will
be flashed to New Orleans at 1 o’clock
tomorrow. The figure, it is expected, will
fall below fourteen million. The talent
as a rule is looking for a commercial crop
of 14,500,090 bales.
Following are 10 a. m. blds: December,
12.75; January, 1.2.78; March, 12.82; Maj,
12.88; Ju1y,’1.2.95 ’
Estimated receipts for Thursday:
1912. 1911.
New Orleansll,soo to 12,500 11.447
Galveston 27,000 to 29,000 13,428
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, Dec. 11.—The action
of all the markets shows plainly' that a
small bureau setimate is expected to
morrow. The majority of people look
for a government crop estimate much un
der 14,000,000 bales, as the government
gave a rather small figure even for last
season's monster crop.
Liverpool fully met yesterday’s advance
on our side and shows futres and spots
7 points higher. Scarcity of sellers and
confident buying for general accounts are
the factors making for steady or strong
markets everywhere. Bulls feel all the
more confident In their position, as tomor
row wil be the last day of the first half
of Decetnebr ginning period, during which
there has not been one day of altogether
good weather. Ginnings during this ten
day ginning period will, therefore, be very
light and ihe census report on December
20 will support any small crop estimate.
Greenwood, Miss., wires that their local
cotton exchange estimates the crop at 13,-
800,000 bales, without linters or repacks.
Our market opened about 2 points higher
and advanced without recession to 12.84
for March. Bulls had it all their own
way, and the least buying caused an ad
vance, owing to the absence of sellers.
Liverpool cabled: “Continent a general
buyer.’’ New York again reported spot
interests absorbing all selling Owing to
the strong tendency and advance in fu
tures suggesting a higher hedge market,
demand for spots broadened this morning.
Offerings are restricted, as owners are
holding -ft for the bureau, expecting
higher prices after the publication of the
government estimate.
RANGE IN NEW ORLEANS FUTURES.
I C ■ ~ I 1 • i
> 1 H
I O ■ K | J | Her. ! I
iTcZ [1276942780 12.69 12.80"■ 12.7 9 - 80; 12.71-72
Jan. 12,73 12.84 12.69 12.81 12.81-82,12.72-73
Feb 12.83-84 12.74-76
I Meh. 12.78 12.90 12.74'12.87 12.85-86 12.76-77
April 12.88-90,12.78-80
May 12.84,12.95 12.80 12.93 1 2.92-93 12.83-84
June 12.94-96:12.86-88
July 12.92.13.02 12.90.13.01 12.00-01 12.90-91
Oft. 12.9412.9412.94 12.9 4 12.92-94 12.88
Closed steady.
SPOT COTTON MARKET.
Atlanta, steady; middling 12%.
Athens, steady; middling 12 13-16.
Macon, steady; middling 12%.
New Orleans, steady: middling 12%
New York, quiet; middling 13c.
Boston, quiet; middling 13c.
Philadelphia, steady; middling 13.25.
Liverpool, steady; middling 6.99 d.
Augusta, steady; middling 13c.
Savannah, steady; middling 12%.
Norfolk, nominal; middling 12%.
Mobile, quiet; middling 12%.
Galveston, steady; middling 12%.
Charleston, steady ; middling 12%.
AVilmlngton. nominal.
Little Rock, flrm; middling 12%.
Baltimore, nominal; middling 12%.
Memphis, steady; middling 13c.
St. Louis, quiet; miadling 13%.
Houston, steady; middling 12%.
Louisville .firm; middling 13c.
COTTON MARKET OPINIONS.
Thompson. Towle & Co.: “We favor
I the long side of the market, but suggest
that purchases be made with caution."
Logan & Bryan: “The coming govern
■ merit report Is the subject of much com
ment anil many good people advise cau
tion.”
A. Norden A Co : ”We believe the
| market will work higher."
Hayden. Stone W Co.: “Any prominent
decline In contracts seems unlikely."
STOCK EXCHANGE SEAT SOLD.
NEW YORK, De. 11. A stock ex
•uulige sent was Kuhl yesterday for the
I sum -I Which WMM |:l. •••»•• less
, than previous sale, ctid wue tin- lowest
for th< year
HEAVY LOSSES IN
PDICEOFSTOCKS
Apprehension of Unfavorable
Court Decision Next Monday
Causes Liquidation.
By CHARLES W. STORM.
NEW YORK. Dee. ll.—lrregularity
marked the trading at the opening of
the stock market today, price changes
were fractional, and chief interest cen
tered in the specialties. After fifteen
minutes trading, most of the stocks on
the. list had sustained losses. Canadian
Pacific was strong, the first sale being
made at 262%, an advance of % over
last night. United States Steel common
opened unchanged at 65%, then moved up
to 66%. and finally sold oft to 65%.
Lehigh Valley opened for a gain of %,
and later increased its net advance to I
point, but lost it on subsequent sales.
Among the advances on first sales were
Amalgamated Copper ■%, American Can
%, American Beet Sugar %, .American
Smelting %. Atchison %. The initial
losses Included Texas Pacific %, Reading
%, People’s Gas (Chicago) %, Consoli
dated Gas % and American Locomotive %.
The curl> market was irregular.
Americans in London were stronger.
Steel was a strong feature of the Ameri
can department there.
AMgorous buying appeared in the late
forenoon and gains ranging from fractions
to more than 2 points were made in the
leading Issues. Southern Pacific was the
most prominent, advancing 2 points to
110*8. Reading, California Petroleum,
Mexican Petroleum and St. Paul moved up
a point each, while fractional gains were
recorded in Canadian Pacific, Union Pa
cific. Lehigh Valley. Colorado Gas. Utah
Copper and Amalgamated Copper. Call
money was easy at 4% per cent.
Bears raided Union Pacific on the stock
exchange this afternoon, driving down
the price over 6 points. Aggressive sell
ing followed the annual report of the
Harriman system for the fiscal year end
ing June 30 last, which fell short of ex
pectations. The report showed that the
total operating revenues of Union Pacific
had decreased more than $3,000,000 and
the transportation expenses had increased
over $700,000. The gross operating in
come for the year was $85,9<7,608.78, the
total operating expenses $54,758,696.53.
leaving a net operating income of $31,-
219,413.25, a decrease of $4,491,713.37. As
the supreme court decision dissolving the
Union and Southern Pacific merger had
been handed down since the fiscal year
covered in the report, it was not men
tioned, but it was evident that this helped
the bear attack.
In the last hour interest centered in
Union Pacific, which was 8 points lower
than the opening price on heavy selling.
Big blocks of Reading and Steel common
were also thrown upon the market. Sev
eral big Interests tried to stem the bear
attack and one banking house absorbed
10,000 shares of t'nion Pacific in support
of that issue. The fall of Union Pacific
was checked and It recovered 1 point of
its loss, but later resumed the decline.
The tone yvas weak.
In the bond market Union Pacific con
vertible fours were off 6% points.
The market closed Irregular.
Government bonds irregular: other
bonds unsettled.
Stock quotations:
| | |Last|Clos.|Prev
STOCKS— IHlghlLow. ISale.l Bld .ICT—
Ainal. Copper. 76% 73% 74% 74% 76%
Am. Ice See. . J 18 : 18 18 ' 18 18
Am. Hug. Ref.jU6% 113% 113% 113% 113%
Am. Smelting 70%; 68% 69% 69 1 69%
Am. Locomo. .' 42% 41 :41 -41 41%
Am. Car Fdy..; 55 63 53 I 53%l 64
Am. Cot. Oil . 56% 54% 55 ' 55 56
Am. Woolen .. | 19%’ 19%
Anaconda .... 39% 37% 37% 37% 38%
Atchison 106 104% 104% 104 105%
A. C. 1137%'136%T.36% 136% 137
American Can 28% 26% 26% 27% 26%
do. pref. ..114% 114 1114%-113 113%
Am. Beet Sug. 50 47% 47%: 48 49%
Am. T. and T.'139%i138 188 [137% 138 ~
Am. Agricul. . ~..[ ....[ .... 54 55
Beth. Steel ..' 35% 34 34% 34% 35%
B. R. T 87% 85% 86% 86%: 87%
B. and 0104% 103% 103*, 193% 103%
Can. Pacific .. 263% 255% 257 258% 261%
Corn Products 14 13% 13% 13% 13%
C. and OI 78% 77%. 78 77’, 77%
Consol. Gas .. 138%, 136 ’136% 136% 137%
Cen. Leather .' 27%’ 26 26 26% 27%
Colo. F. and 1. 33 36% 32 32% 31%
Colo. Southern .... .34 34
D. and H 162% 162% 162% 162% 163
Den. and R. G. 19% 19%, 19%! 19 I 20%
Distil. Secur .'2l '2O 20 ; 19% 20%
Erie 32% 30% 30% 31%: 31%
do. pref. .49% 48 48 '4B 48%
Gen. Electric . 182% 1179%1(79% 180 :182
Goldfield Cons. | ...' ....; .... 1% 1%
G. Western .. 17% 16% 16 s , 16% 16%
G. North., pfd. 134% 132%. 133 132% 133%
G. North. Ore.' 41%. 40 ’4O I 40 . 41%
Int. Harvester 111 % 111% 111106 no
111. Central ... 125 125 125 125 125
Interboro ....I 17% 16% 16% 16%; 17%
do, pref. .. 61% 58% 58%' 58% 60%
lowa Central ' .... . ...| .... 10 11
K. C. Southern’ 26% 26%; 26% 26 26%
K. and T|26% 25% 25% 25% 26%
do, pref. ~i 60 61
L. Valley. . . 170 ’164 ’166% 166% 167
L. and N. . . 141 % 139% 139%|139%J142
Mo. Pacific . . 41 40% 40% 40% 40%
N. Y. Central 110 : 108%;108% 108% 109%
Northwest. . . 136* 8 135% 135% 134% 135%
Nat. Lead . .: 55 I 54% 55 i 54%; 55
N. and W. . . 112 1111 'lll 1110% 111%
No. Pacific. . 120%'H8 118%'118%,119%
O. and W. . . 32 31% 31%; 30% 31%
Pennl.2l 1111% 120*(,T20 120%
Pacific Mail. . 30 30 30 29 ' 30%
P. Gas Co. . .111 110- ;110 !109%110%
P. Steel Car . 35 34 34 I 34 34%
Reading. . . . 168% 1.62 164% 164*, 166%
Rock Island. 23% 23 23 22% 23%
do. pfd.. . . 44% 42% 42% 46*, 44
R. I. and Steel 24% 23% 23*., 23% 24
do. pfd.. . . 87 85% 85% 84% 85%
S. -Sheffield’ 48 45%
So. Pacific . . 110 107%;i08%!108% 108
So. Railway . 28 ' 27% 27% 27% 27%
do. pfd.. . . 80 79 79 79% 79%
St. Paul. . .112 109% 110% 110% 110%
Tenn. Copper 37 35% 26 : 25% 26%
Texas Pacific 22% 22 !22 21% 22
Third Avenue 34 34%
Union Pacific 162% 153% 155*% 155 161%
L”. S. Rubber 63% 61% 61% 62% 62%
I’tah Cop],er . 58% 55 56% 55% 58
U; 8. Steel . ««% 63% 65 64% 65H
do. I>fd.. . . 108% 107% 108 107% 108
V. Chem. 43 ’ 41% 41% 44% 42
West. Union . 74 72 72% 72% 73
Wabash. ... 4% 4% 4*» 4 4
I do. pfd.. . . 13% 13% 13% 12% 13
W. Electric . 77 73 j 76 75*, 77%
Wis. Central .... 49 50
W. Maryland 51 51%
Total sales, 1,279,400 shales.
METAL MARKET.
NEW YORK, Dec. 11.—Trading at the
metal exchange quiet, tone, steady.
Quotations: Copper spot 17 bid. De
cember 171 i 17.37%. January-February
16.87%, load 4.25(1/ 4.40, spelter 7.20 l ’«7.10,
tin 49.25(0 49.75.
STEEL EARNINGS ESTIMATE.
NEW YORK. Dee. 11. It is estimated
that the net earnings for the United
States Steel Corporation for the year of
1912 will reach approximately $108,000,000
and will leave a surplus for the year close
to $5,000,000
MINING STOCKS.
BOSTON, Dee. IL—Opening: Butte
Superior 39, North Butte 31%. Pond Creek
25, Smelting 40%, Calumet and Arizona
48%.
POULTRY, BUTTER AND EGGS.
NEW YORK. Dec, 11. Dressed poultry
dull; turkeys, chickens, It'u26;
fowls, 114116%; ducks, 84110%; geese. 15
4i 16 Live poultry Irregular: chickens.
1341,13%; fowls, 13*34114%; turkeys. 16
(asked i; roosters, 10% (asked i; ducks. 14
1(115; geese,
Hutter barely steady; creamery specials,
::3<u3B: creamery extras, 314t36*„; state
'■iuiry, tubs, :4 u 35; process specials, 27%
i 4( 28
Eggs unsettled; nearby white luney. 45
ibid); nearby brown tancy, 35.u3(i; extra
firsts, I:*'/:',, firsts. 2X u 3’l
Cheese steady; whit, milk sp-> luls. 17*,
a 18; w hob milk fancy, 16% >t 17-, . skims.
I specials. 13* a Hl<’< skims, tine, ’2%»U.
full skims, 84/12.
ATLANTA MARKETS
■ 1
I
EGGS—Fresh country, candled, 33@350. 1
BUTTER—Jersey' and creamery. In 1-lb.
blocks, 25@27%c: fresh country, dull. 20 I
@22%c.
DRESSED POULTRY—Drawn, head
and feet on. per pound: Hens, 17@18c; I
fries, 20'(j22%; rosters. 8(J10c: turkeys, I
owing to fatness, 174j18e.
LIVE POULTRY—Hens, 40<545c; roost. I
ers, 25@30c; fries. 25@35c: broilers, 20® j
25c; puddle ducks. 25@30c: Pekin ducks, j
35<&40c; geese, 50®G0c eacn; turkeys, ow
ing to fatness. 15©18c
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES—Lemons,
fancy, $5.50@6.00 per box; bananas, 2%®3 1
per pound: cabbage. 1.25(01.50 pound; pea
nuts, per pound, fancy Virginia 6%@7c,
choice, 5%@6c; lettuce, fancy. $1.’0@1.75;
choice $1.25®1.50 per crate: Deets, $1.50@
2 per barrel: cucumbers, 75c®$l per crate;
Irish potatoes. 90c® LOO.
Egg plants, s2®2.6o,ner crate, pepper,
$1®1.25 per crate: tomatoes, fancy, six
basket crates. $2.00®2.50; mneapnles, $2
@2.25 per crate; onions, 75c@$l per bushel,
sweet potatoes, pumpkin yam, 40@50c per
bushel.
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield hams. 10 to 12 pounds average,
17c.
Cornfield hams, 12 to 14 pounds average.
17c.
Cornfield skinned hams. 16 to 18 pounds
average. 18c.
Cornfield pickled pig’s feet, 15-pcund
kite. 81.26.
Cornfield jellied meat In 10-pound dlnnel
pail, 12%c.
Cornfield picnic hams, 6 to 8 pounds av
erage, 13%c.
Cornfield breakfast bacon, 24e.
Grocer style bacon (wide or narrow),
18%c.
Cornfield fresh pork sausage (I’nk OI
bulk) 25-pound buckets. 12%c.
Cornfield frankfurters, 10-pound buck
ets. average, 12c.
Cornfield bologna sausage, ?*-pound
boxes, 11c.
Cornfield luncheon hams, 25-pound
boxes. 14c.
Cornfield smoked link sausage, 25-
pound boxes, 10c.
Cornfield smoked Unit sausage in plckla,
bO-pound cans. $5.
Cornfield frankfurters in pickle, 15-
pound kits, $1.75.
Cornfield pure lard, tierce basis, 12%c.
Country style pure lard, 60-poimd tins,
ll%e.
Conipound lard (tierce basis), B%c.
D. S. extra ribs, 11 %c.
D. S. Rib bellies, medium average, 12%0
D. 8. bellies, light average, 13c.
FLOUR AND GRAIN.
FLOUR—Postell’s Elegant, $7.50; Ome
ga, $7.50; Carter’s (best), $7.00; Gloria
(self-rising), $6.25; Victory (finest pat
ent), $6.40; Diamond (patent), $6.75;
Monogram, $6.00; Golden Grain, $5.50;
Faultless, finest, $6.25; Home Queen
(highest i/atent), $5.75; Puritan (highest
patent), $5.75; Paragon (highest patent),
$5.75: Sun Rise (half [latent). $5.25; White
Cloud (highest patent), $5.50; White Lily
(high patent), $5.50; White Daisy, $5.50;
Sunbeam, $5.25; Southern Star (patent),
$5.25; Ocean Spray (patent), $5.25; Tulip
(straight), 4.15; King Cotton (half pat
ant), $5.00; low grade. 98-lb sacks, $4.00
CORN Choice red cob, 73c; Tennessee
white, 72c; choice yellow, 73c; cracked
corn, 71c.
MEAL—Plain 144-pound sacks. 71c; 96-
pound sacks, 72c; 48-pound sacks, 74c; 24-
pound sacks. 76c; 12-pound sacks, 78c.
OATS—Fancy clipped, 52c; No. 2 clipped
51c; fancy white, 50c; No. 2 white, 49c;
No. 2 mixed, 48c; Texas rust proof, 65c;
Oklahoma rust proof, 60c; Appier, 75c;
winter grazing. 75c.
COTTON SEED MEAT,—Harper, S2B;
prime, S2B; creamo feed. $25.
POTTON SEED HL’l.LS—Square sacks.
$ll.OO.
SEEDS—(Sacked): Wheat. Tennessee
blue stem, $1.60; German millet. $1.65: am
ber cane seed. $1.55; cane seed, orange,
$1.50: rye (Tennessee), $1.25: red top cane
seed. $1.35; rye (Georgia). $1.35; red rust
proof oats, 72c; Bert oats, 75c; blue seed
oats. 50c: barley. 81.25.
HAY’ —Per hundredweight; Timothy,
choice, large bales. $1.40; No. 1 small,
$1.25: No 2 small. $1.15; Timothy clover
mixed, $1.15; clover hay. $1.15; alfalfa,
choice. $1.43; No. 1, $1.40; wheat straw,
70c; Bermuda hay. 85c.
FEEDS! OFF.
SHORTS-White 100-lb. sacks, $1.90;
Holiday, white. 100-lb. sacks, $1.90; dandy
middling. 100-lb. sacks, $1.90; fancy 75-lb.
sack. $1.85; P. W., 75-lb. sacks. $1.70;
brown, 100-lb. sacks, $1.65; Georgia feed,
75-lb. sacks. $1.70, bran, 75-lb sacks,
$1.40; 100-lb. sacks, $1.40; Homeclolne,
$1.60; Germ meal. $1.60; sugar beet pulp.
100-lb. sacks. $1.60: 75-lb, $1.60
CHICKEN FEED—Beef scraps, 50-lb.
sacks, $3 50; 100-lb. sacks. $3.25: Victory
pigeon feed, $2.25; Purina pigeon feed,
$2 25; Purina scratch, 100-pound
sacks. $1.90; Victory baby chick, $2.05;
Purina chowder, dozen pound packages,
82.30; Purina chowder. 100-lh. sacks, $2.10;
Eggo, $2.10; Victory scratch, 100-lb. sacks,
$1.90; Victory Scratch, 50-lb. sacks, $1.95;
wheat, 2-bushel bags, per bushel, $1 40:
oyster shell. 80c: Purina pigeon feed. $2.35
special scratch, 10-lb. sacks, SI.BO.
GROUND FEED—Purina feed, 100-lb
sacks, $1.75: 175-lb. sacks, $1 75; Purina
molasses feed, $1.70: Arab feed, $1.70;
Allneeda feed, $1.65; Suvrene dairy feed,
$1.60; Universal horse meal. $1.30; velvet
feed. $1.50; Monogram, 100-lb. sacks, $1.80;
Victory horse feed. 100-lb. sacks, $1.60;
A. B. C. feed, $1.55; Milko dairy feed,
$1.70; alfalfa molasses meal, $1.75; alfalfa
meal, $1.50.
GROCERIES.
SUGAR—Per pound, standard granu
lated, 5%; New York refined. sc; planta
tion, 6c.
COFFEE —Roasted (Arbuckle’s). $25;
I AAAA. $14.50 in bulk; In bags and bar
rels, s2l; green, 20c.
RlCE—Head. 4%@5%c; fancy head, 5%
@6%c. according to grade.
LARD —Silver leaf, 12%c per pound;
Scoco, 9c per pound; Flake White, 9c per
pound; Cottolene, $7.20 per case; Snow
drift. $6 per case.
CHEESE Fancy full cream. 21c.
SARDINES —Mustard, $3 per case; one
quarter oil. $3.
SALT One hundred pounds, 52c; salt
brick (plain*, per case, $2.25; salt brick
(medicated), per case, $4.85: salt, red
rock, per cwt., $1.00; salt, white, per i-wt.,
90c; Granacrystal. case, 25-lb. sacks, 75c;
salt ozone, per case, 30 packages, 90c; 50-
lb. sacks, 30c: 25-lb. sucks. 18c.
NEW YORK PRODUCE MARKET.
NEW YORK, Dec. ll.—Wheat, firm:
May, 95%4195%: spot. No. 2 red, $1.06 in
elevator and $1.07 f o. b.
Corn, firm; No. 2 in elevator, nominal:
No. 4, nominal.
Oats, steady; natural white, 37®40;
white cllped, 37@41.
Rye, firm; No. 2, nominal f. o. b. New
Y ork.
Barley, quiet; malting, 564/70 c. I. f.
Buffalo.
Hay, firm; good to prime, 85®51.15; poor
to fair, 95®51.05.
Flour, steady; spring patents, $4.60®
4.95; straights, $4.50® 4.60; clears. $4.25®
4.35; winter patents. $5.20® 5.40; straights,
$4.65® 4.80: clears. $4.30® 4.40
Beef, dull: family, $24.00® 25.00.
Pork, weak; mess, $19.25® 19.50; family,
23.00@24.00.
Lard, easy; city- steam, 10% hid; mid
dle West spot. 11.30 bid.
Talow, quiet; city, in hogsheads, nomi
nal.
LIVE STOCK MARKET.
CHICAGO, Dee. 11 Hog- Receipts 52.-
600. Market 15c lower. Mixed and butch
ers $7.05® 7.55. good heavy $7.45® 7.55.
rough heavy s7® i 4ti, light $7@7.50, pigs
s7.3a@ 7.50, bulk $7.30® 7.45.
Cattle Receipts 28,000. Market 10c to
20e lower. Beeves 06.40® 10.90. cows and
heifers 52.75® 8.50, stinkers and feeders
$4.90 ’1 7.75, Texans $6.40® 8.50, calves $8.75
(</ 10.50.
Sheep -Receipts 35,000. Market strong.
Native and Western $3.40® 4.90, lambs $5
@B.IO.
NEW YORK GROCERIES.
NEW YORK De. 11 Coffer steady.
INo 7 Rio spol, 14'0 14%. Itiee steady:
I domestic, ordinary to prime. 4%@5%.
-Molasu’. steady: New <)rhnus. open ket
tle, lO'ii.M) Sugar, raw. firm; lentrlfugal.
I l.u'i: niUHvovudo, 3.55; nioJnsses sugar.
3.3*); tiillneil mine aeti\standard gran
| ula.ted. 4.95; cut loaf, .10: crust.id. %6):
I mold A. 5.25. eulii - . 5.15: powdeied. 5.00.
..Hm.ind \. 1*90; . mil' • tl- iw r V, t. 75
•Nr 1.4 65. No. i, I 60, .\u 3, I 55, N’ I
CEHEfiLS RECEDE
INUTMINC
Optimistic Cables Cause Early
Advance, But Selling Causes
Irregular Close.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 104%@108
Corn ’ 47%
Oats 33
CHICAGO, Dec. 11.- Wheat opened %c
to %c higher on a steady tone at Liver- ;
pool, where the market Wjts about %d
higher. The situation In Argentina may
be called less promising and a special ca
ble from there estimates the exportable
surplus as having been reduced to 130,-
000,000 bushels, but the crop, as a whole,
in the country may be called favorable.
Northwestern receipts today were 791
cars, against 999 a week ago and 313 a
year ago.
Corn was up %c to %c. although Liv
erpool was %d lower, because of the in
creased pressure from Plate cargoes and
parcels. Weather over the com belt con
tinues favorable, with seasonable temper
atures. The cash demand for corn, how
ever, was disappointing Local receipts
were 337 cars.
Oats were %c to %c higher under a run
of 192 cars, and good demand from do
mestic buyers, as well as speculators.
Hogs at the yards were 10c to 150
lower under a run of 51,000 head. In
the pit prices were off from 12%c to 250
with pork the weakest.
The smash in the price of stocks in
Wall Street caused many of the longs in
wheat to throw their holdings overboard
and the unexpected onslaught unnerved
the bulls and sent prices to a lower level.
The May future closed about % off. July
was off nearly %c and the December op
tion was %c higher. The situation In
wheat looked stronger early and the high
est price of the day was reached before
11 o'clock. Word came from Minneapolis
that wheat stocks there are accumulating
on the sidetracks with shipping directions
on flour coming in slowly and cash wheat
rather dull.
Corn closed % to %c lower, but last
prices showed some reactions from the
lowest levels. Only 75,000 bushels cash
corn changed hands.
Oats were unchanged to % to %c lower
and only 200,000 bushels cash were
traded in.
Hog products sold off sharply and were
under pressure during the entire session.
Tiie trade in cash meats and lard was
reported by packers as somewhat smaller.
CHICAGO GRAIN MARKET.
Grain quotations:
Previous
Open. High. Ixiw. Close. Close.
WHEAT—
Dec. 84 84% 83% 83% 83%
Mav 89% 89% 88% 89% 89%
July 86% 867® 86% 86% 86%
CORN—
Dec. 47% 47% 47 47% 47%
May 48% 48% 48% 48’* 48%
July 49 49% 48% 48% 49
OATS—
Dec. 34% 32% 32% 32% 32%
May 32% 33 32% 32% 32%
July 33 33 32% 32% 32%
PORK—
Dec 17.00 17.00 17.00 17.00
Jan 18.75 18.77*® 18.50 18.55 18.95
M’v 18.50 18.52% 18.25 18.25 18.60
LARD—
Dec 10.60 10.60 10.55 10.55 10.65
Jan 10.30 10.30 10.10 10.15 10.37%
M’y 10.00 to.or* 9.95 9.95 10.07%
RIBS—
Jan 10.00 10.05 9.95 9.05 10.07%
M’y 9.85 9.85 9.75 9.75 9.90
LIVERPOOL GRAIN MARKET.
Wheat opened %d higher; at 1:30 p. m.
the market was %d to %d higher. Closed
%d to %d higher.
Corn opened %d lower; at 1:30 p. m.
the market was %d lower. Closed un
changed to %d higher.
CHICAGO CASH QUOTATIONS.
CHICAGO, Dec. 11.—Wheat—No. 2 red
99® 1.03, No. 3 red 90@98, No. 2 hard win
ter 85%@88, No. 3 hard winter 83%@86.
No. I Northern spring 86%@87%, No. 2
Northern spring 85@86, No. 3 spring 82
@ 84.
Corn No. 3 yellow 45%@46, No. 3 white
45%@47, No. 3 yellow 40@47, No. 4 44
@•45, No. 4 white 44%@45%, No. 4 yel
low 44%®45%.
Oats No. 2 white 35, No. 3 white 33%.
No. 4 31%, No. 4 .white 31@33, standard
31%@34%.
PRIMARY MOVEMEMT-
~WHEAT— 1 1912. I 1>».
Receipts 1,261,000 I 528,000
Shipments| 423,000 | 242,000
CORN—| 1912. I 1311.
It/’ •..![,(s 745.000 1,604,000
Shipments44s,ooo 718,000
NEW YORK COFFEE MARKET.
Coffee quotations:
I Opening. | Closing.
Januaryl3.ls 13.13® 13.16
Februaryil 3.25® 13.35 13.37 @ 13.38
Marchl3.4s® 13.55 13.30® 13.31
Aprilll3.6s© 1.3.65 13.60® 13.62
May 13.68 13.71&13.72
June13.74@13.76 13.76® 13.78
Ju1y13.79@13.81 13.82® 13.83
August 13.84 13.86@13.88
September[l3.B9(ol3.9o 13.91@13.93
0ct0ber,13.89®:13.90 13.91 A 13.93
Novemberl3.B9® 13.90 13.91 @13.93
Decemberl 13.0d@13.0~>
Closed steady. Sales, 77,758 bags.
COTTON SEED OIL.
Cotton seed oil quotations:
I opening. | CloFng.
■Spot’ 6.29@6.4.~>
December . . . 6.26@6.30 6.30@6.34
January6.2s® 6.26 6.27@6.29
February . . . .1 6.28@’6.32 6.39 '
March| 6.34@6.35 6.37@6.38
Aprill 6.36®6.40 6.41®6.44
May| 6.42®6.43 6.47® 6.48
Junel 6.43W6.47 6.48@6.49
Ju Iy_ I 6,49@6. 50 6.51@6.53
Closed heavy; sales 14.800 barrels.
GIRL-WIFE, 17, SAYS
HUSBAND DESERTED
HER AND TWO BABES
With two infants in her arms, Mrs.
Della Smith, seventeen years old, called
at the office of Probation Officer Coog
ler today, related a pathetic story of
desertion by her husband, Melvin F.
Smith, a young farmer, and pleaded
with the probation officer to find and
prosecute him.
"He lias left me with these two
babies to care for. and I am penniless
and don't know what to do,” sobbed
tiie girl.
Mrs. Smith, whose home is in DeKalb
county, near tiigleside, said her hus
band brought her and the two babies to
Atlanta two weeks ugo to visit her fa
ther. J. M. Roberts, 36 Gaskill street,
ami then disappeared. Since then site ji
Ims seen nothing of him. Smith’s fa
titer, she said, had since to.d iter
remarked that “tie was gone for gojC'
Tiblest child Is a gi.'i. \ ,• j/
|2l months. The other is a
‘months old.
your buslntM ~
’ 'I her if not trt a F<r4R
<’pportuniiy at’ in
19