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MULNELIINGIN
ffl-W OKB
SHIPSUBSIDY
Manufacturers Complain That
Rail Chiefs Are Trying to
Dominate Conference.
[ V . , t.i the ranks of the Panama
gates again was threatened
I' oinoi'.t hotel this morning
< ,'n l G Douglas, of Nashville,
interests which, it is al
■l,l profit by a ship subsidy.
. ..a introducing a resolution
the convention to the idea
• : ant marine.
" W \\ I’inh y. president o.f the South-
Il , ..a ruinpany, was in the chair,
-j regret, Mr. Douglas, that
brought up tills mutter at
We have a number of prom
■,.:id officials here whom we.
’ ; tl , hear from. They have come;
- antes. There is a separate*
■afternoon for discussions of
ant marine, and 1 shall rule
~ out of order, at the risk |
oi-bring o'.-rruled by the convention. I
~1 on Mr. Kriegshaber. vice
president of the Chamber of Commerce,
to take the chair.
Ruled Out of Order.
w. I . 1 have been trying 24 hours,
ties question before the conven- I
tioii." asserted Mr. Douglas, “and have:
;,., t . . ■ • ,1«.<1 and I should like to
know at what hour the friends of the
measure tnav nave a hearing. ’
D. .Vi Stewart, of Chattanooga, pres
cient .-f i large manufacturing con
e.-rn and representing at the confer-j
Chattanooga manufacturers with I
$30.000,0i" 1 resources, said:
"Yes.'’ Mr. Chgirman. “there are a|
number oi delegates here who are vi- (
tally interested in this proposed reso
lution.”
Mr. Kriegshaber ruled Mr. Douglas
„ut of order, but the advocates of the
measure declare that thev will make a
light for its passage at the afternoon |
session.
Friends of the resolution assert that
the railroad men are dominating the
'•.inference, that they have had the im- !
portant committee appointments and I
tiie merchant marine advocates have, >,
with one exception, been left off. They I
deplore the factionalism that has crop
ped out, but declare that tpi issue must
be made sooner or later.
Atlantan Made President.
Th" delegates honored Atlanta by
• keting Wilmer L. Moore president of
i.i- conference for the ensuing year and
Walter G. Cooper treasurer. Mr. Moore
is out of town and it is not known that
e will accept, because of pressing
business duties. Mr. Cooper declined
ir tills reason and the body then left
hie selection of treasurer to the presi
dent and an executive committee. The
convention expressed a preference fqr a
banker for this place, and Robert F. I
Maddox was mentioned. The secre- j
(ary-manager is to be chosen like the
treasurer.
The executive committee is composed
"i Jiinie.- W. Porch, of New Orleans:
John A. Sibley, of Birmingham; Wilson
•k Harvey, of Charleston; G. I. Swig
tort, of Tennessee; E. O. Painter, of
Jacksonville; F. D. Strachan, of Bruns
i'l:; Henry F. Baker, of Baltimore,
nd 1 mirles C. Hook, of North Carolina,
Associations which join in the confer
ence movement will be assessed $1 per
*■. every hundred members and
must have at least 500 members. Indi-
AN IDEAL GIFT FOR THE HOUSEWIFE
IfilF
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Save six first-page headings from consecutive dates of THE GEORGIAN. Present
wem, with $2.00 cash, at our office and get this practical and unique necessity.
THE ATLANTA GEORGIAN
( irculation 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 thfey 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 Air. 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 tire requirements
now were too lax.
PRESIDENT TO VISIT
PANAMA FOR DATA
ON APPOINTMENTS
WASHINGTON, Dec. 11.—Announce
ment was made at the white house to
day that President Taft will go to Pan
ama. 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
on the canal zone and obtaining data
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.
Miss Doragon has gone to Savannah,
to work for the passage of a similar
bill through the Georgia legislature and
to work up the suffrage organization
in that state.
viduals may ami corporations and firms
must give SSO each.
Finley Declines Place.
L. 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 the Baltimore and <thio
railroad, and others spoke of the inter
est which the railroads felt in the canal
movement.
President Finley was offered a place
on a committee, but he decided that he
would prefer to work in the ranks. Mr.
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 ply 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.
THE ATLANTA GEORGIAN AND NEWS. WEDNESDAY. DECEMBER 11. 1912.
BUTTON GOES UP
ON SPOT DEMAND
Increased Liverpool Sale Stim
ulate Trade—Opinions Di
vided on Estimate.
NEW YORK, Dee. 11.—Increased sales
in Liverpool resulted in a buying move
ment at the opening of the cotton mar
ket today. Tiie tcgie was barely steady,
with prices a net advance of 3 to 5 points
from last night's closing quotations. The
big professionals were inclined to side
step. awaiting the government estimate
tomorrow at 1 p. m., 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 spot interests firmly maintained
prices in narrow ranges. After the call
trading was less active and prices sagged
a few points 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 13,800,-
bales and advised his friends do 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 14,000,000 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 bales.
The market was dull during the after
noon, traders seemed to be standing aside,
prices 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 prices a net gain of 3 to 15 points
from the final quotations of Tuesday.
Semi-weekly interior movement:
1 1912. ' 191'1. I 1916"
Receipts 1126,7251168.5231124,374
Shipments 116,457 147,3671109,256
■.574.3821658,208|617,639
RANGE IN NEW YORK FUTURES,
• ® 2 I ®2
OIS J u , -D
l“.
Jan. 12.55 12.64,12.51 12.62 12.62-63'12.50-51
Feb 12.62112.62-64 12.51-53
Mcii. .12.64 12.72112.61'12.72'12.70-71,12.59-60
April |12.6« 12.56
May 12.60 12.67 12.51 12.67 1 2.66-67 12.56-56
June ''i 12.63 12.52-54
■lnly 12.55 12.54 12.52 12.64 12.63-64 12.51-52
Aug. 12.44 12.55'12.44 12.54 12.54-55 12.39-41
Sept. 12.00 12.02 12.00'12.00 11.99-01 11.96-12
<)et. 11.84 11.90|1.L8i;i1.90:i1.89-90111.80-82
Closed steady.
Liverpool cables were due to come 6
to 7 points higher, but the market opened
linn 5% to 6 points higher. At 12:15 p. in.,
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% points from the final fig
ures of Tuesday.
SpQt cotton steady’ and in fair demand
al 7 points advance; middling 7.06 d;
sales lUjklO bales, including 9.000 Ameri
can; imports 22.000 bales, 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%-6.78% 6.79% 6.73%
Dec.-Jan. 6.78 6.78 6.78 6.62
Jan.-Feb. 6.76 -6.75 6.76% 6.76 6.70
Feb.-Meh. 6,'.4%-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%-6.57 6.57 6.56 6.49%
Sept.-Oct. 6.37%-6.3S 6.37% 6.32
Oct.-Nov. 6.34 -6.33 6.33 6.32 6.27
Closed qujet.
NEWS AND GOSSIP
OF THE FLEECY STAPLE
NEW YORK. Dee. 11.—N. L. Carpenter ;
. Co.: The action of the market on open
ing showed there war 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 1
bureau day.
Spot buyers who have recently re
turned from a trip over Texas say they
nnd most of the cotton very good In
grades; also Oklahoma cotton was good
in grades, but in Memphis they 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
The 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
r.o. l an 110 lunger be estimated at
1,600,000 bales, which has been the pre
diction of many estimators from the In
itial of the season. Its ginnings to De-
Ce i?-s? r 1 ” w< ?re 1,563.443 bales.
W bile trading was not of a large char
acter today offerings were rapidly ab
sorbed, most of which came from spot in
terests.
Mitchell, Gwathmey, Schill and Riordan
were the leading buyers today. Very lit
tle, cotton was for sale.
The ring crowd covered shorts today.
Russell, W ilson. Hartconi, Shantz, Hub
hard and Schill were leading sellers dur
ing the forenoon trading.
A* l ** avara 8e guess of 131 members of
the New York cotton exchange for the
crop was 13,850,060 bales.
Dallas wires as follows: “Texas gen
erally cloudy and cold; raining in south
ern and eastern portions; 20 above at
Amarillo. Oklahoma generally fair and
cold.
Following are 11 a. ni. bids: December,
January, 12.56; March, 12.67; May,
12.63: July, 12.60.
NEW’ ORLEANS, Dec. 11.—Hayward &
Clark: 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 off Texas
coast; will move eastward and cause
brisk to high northerly winds this after
noon ami tonight; ninch 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
argest consumption on record is prom
ised and now almost seems assured. Last
year’s consumption was as large as this
year’s crop, and is likely to prove it, and
Ir 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 has
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.
year's heavy yield literally saved
spinners from the cumulative evils of a
series of years of under production of the
raw material. But the very bountifulness
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, ir is expected, will
fall below fourteen million. The talent
as a rule is looking for a commercial crop
of 14.500,000 bales.
Following are 10 a. in. bids: December,
12.75; January, 12.78; March, 12.82; May,
12.88: July, 12.95
Estimated receipts for Thursday:
I!R2. 1911.
New OrleansU.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 show’s 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 0/ strong
markets everywhere. • Bulls feel all tiie
more confident in their position, as tomor
row wil be the last day of the first half
of Deceinebr 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.
< >ur market opened about 2 points higher
and advanced without recession to 12.84
for March. Bulls had 11 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 est for the bureau, expecting
j higher prices after the publication of the
government estimate.
RANGE IN NEW ORLEANS FUTURES.
I fi I - I - ! j ' ® ! s.' o
I ®i M■ t ’■ K 2 “ , J "
I s. , 0 S 4 c *2
;O j Si J j I u | a.u
Dec’’ 1 2.79-80:12 71-72
Jan. 12.1312.8’ 12.69 12.81 12.81-82,12.72-73
Feb 12.83-84 12.74-76
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 12.92-93 12.83-B'l
June 12.94-96 J 2.86-88
July 12.92 13.02 12.90 13.01 12.00-01 12.90-91
0ct.12.94 1 2.94 12.94 12.94,12.92-94 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 U.
Augusta, steady; middling 13c.
Savannah, steady; middling 12%.
Norfolk, nominal; middling 12%
Mobile, quiet: middling 12%.
Galveston, steady; middling 12%
Charleston, steady; middling 12%.
Wilmington, nominal.
Little Rock, firm; middling 12%.
Baltimore, nominal; middling 12%.
Memphis, steady; middling 13c.
St. Louis, quiet; middling 13%.
Houston, steady; middling 12%.
Louisville .firm; middling 13c.
COTTON MARKET OPINIONS.
Thompson, Towle & Co.: “We favor
1 the long side of the market, but suggest
| that purchases be made with caution."
Lognn & Bryan: "Tiie coming govern-
I nient report is the subject of much com -
l incut and many good people advise cau
tion.”
A. Norden & Co.: "We believe the
ii arket will work higher"
Hayden, Stone a Co.: "Any prominent
dv line in contracts seems unlikely."
STOCK EXCHANGE SEAT SOLD
XEW Yulik, Dei. 11. A stock cx
i • Lunge seut was sold yeuterduy fi>r the
, ill: of ISS.IW. Which was $3.OlH‘ le: s
'’bun previous ale, uno ««• Uie lu«<ni
| lor the year
HEAVY LOSSES IN
PRICE OF STOCKS
Apprehension of Unfavorable
Court Decision Next Monday
Causes Liquidation.
By CHARLES W. STORM.
NEW YORK. Dec. 11.—Irregularity
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%. ah advance of % over
last night. United States Steel common
opened unchanged at 65%. then moved up
to 66%, and finally sold off to 65%.
Lehigh Valley opened for a gain of ’L.
and later increased its net advance to 1
point, but lost it on subsequent sales.
Among the advances on first sales were
Amalgamated Copper %, American Can
%. American Beet Sugar %, American
Smelting %, Atchisoti %. The initial
losses Included Texas Pacific %. Reading
%, People's Gas fChicago) %, Consoli
dated Gas % and American Locomotive %.
Tiie curb market was irregular.
Americans in London were stronger.
Steel was a strong feature of the Ameri
can department there.
Vigorous 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%. 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 $54,758,695.53,
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 Union 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 was 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— [HiglilLow.lSale.l Bld.IC1’»«
Amal. Copper.' 76% 73%' 74%' 74% 76%
Am. Ice Sec... 18 I 18 ! 18 I 18 18
Am. Sug. Ref. 116%J13% 113% 113% 113%
Am. Smelting 70% 68%1 69%' 69 , 69%
Am. Locomo. .j 4,2%: 41 41 '4l 41%
Am. Car Fdy.. 55 53 !53 I 53% 54
Am. Oil . 56% 54%: 55 ' 55 56
Am. WoolenJ 19% 19%
Anaconda ....' 39% 37%. 37%' 87% 38%
Atchison 106 104%j104% 104 105%
A. C. I-H37%'136%|186%;136% 137
American Can 28% 26%, 26% 27% 26 7 s
do, pref. ..114%|114 ,114% 113 '113%
Am. Beet Sug. 50 47%: 47%' 48 49%
Am. T. and T.!139%|138 138 137% 138
Am. Agricul. J .... 54 55
Beth. Steel .. 35%: 34 • 34% 34% 35%
B. K. T 87% 86% 86%' 86%! 87%
H. and 0104% 1103% !103% 103% 103%
Can. Pacific . .1263%|255%1357 258% 261%
Corn Products 14 13%1 13%: 13% 13%
C. and O: 78%' 77%l 78 ! 77% 77%
•Consol. Gas ..!138%'136 136% 136%.137%
Cen. Leather .' 27% 26 26 26% 27%
Colo. F. and I. 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 20%
Distil. Secur . 21 20 20 ' 19% 20%
Erie 32% 30% 30%l 31%' 31%
do, pref. .49% 48 48 48 | 48%
Gen. Electric . 182% 179% (79% 180 182
Goldfield Cons.' ...! . ...| . ...j I%| 1%
G. Western ..; 17% 16%l 16% 16% 16%
G. North., pfdJl34% 132%!133 132% 133%
G. North. Ore. 41%. 40 40 40 41%
Trit. Harvester 111 % 111% 111 % 106 .110
111. Central ... 125 425 125 1125 :125
Interboro .... 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 60 61
L. Valley. . .‘l7O 164 '166% 166%'167
L. and N. . . '141%|139%:i39%!139%'142
Mo. Pacific . . 41 40%; 40% 40% 40%
N. Y. CentrallllO 108%'108% 108% 109%
Northwest. . .136% 135% 135% 134% 135%
Nat. Lead . , 55 : 54%: 55 ; 54% 55
N. and W. . .112 1111 111 110% 111%
No. Pacific. . 120% 118 118% 118% 119%
O. and IV. . . 32 31%' 31% 30% 31%
'Pennl2l ill»%!120% 120 .120%
Pacific Mail. . 30 30 30 |29 ; 30%
P. Gas Co. . Jill 110 -HO (109% 110%
P. Steel Car . 35 34 34 '34 34%
Reading. . . . 168% 162 ,164%|164%1166%
Rock Island. 23% 23 ! 23 22% 23%
do. pfd.. . . 44% 42% 12% 46% 14
R. 1. and Steel 24% 23% 23% 23% 24
do. pfd.. . . 87 85% 85% 84% 85%
S. Sheffield 48 45%
So. Pacific . . 110 107%|108%: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%’ 36 : 25% 26%
Texas Pacific 22% 22 22 . 21% 22
Third Avenue ...34 34%
Union Pacific 162%: 153% 155% 155 161%
U. S. Rubber 63% 61% 61% 62% 62%
Utah Copper J 58%' 55 56% 55% 58
U. S. Steel . 66% 68% 65 64% 65%
do. pfd.. . . 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
do. pfd.. . . 13% 13% 13% 12% 13
IW. Electric .77 76 76 75% 77%
Wls. Centrall .... 49 50
- Maryland 51 51
Total sales, 1,279,400 shares.
METAL MARKET.
NEW YORK. Dec. It.—Trading at the
metal exchange quiet, tone steady .
Quotations: Copper spot 17 bid, De
cember I'ti 17.37%, January-February
16.87%, lead 4.25ri4.40, spelter 7.20417.40,
tin 49.25(649.75.
STEEL EARNINGS ESTIMATE.
NEW YORK, Dec. 11.—It is estimated
that the net earnings for tiie United
States Steel Corporation for the year of
1912 will reach approximately $108,000,000 I
and will leave a surplus for the year close
to $5,000,000.
MINING STOCKS.
BOSTON, Dec. 11 Opening: Butte
Superior 39. North Butte 31%, Pond Creek
*25. Smelting 10%, Calumet and Arizona
‘«H-
POULTRY. BUTTER AND EGGS.
NEW YoHK. Dec. 11. r>re««e<j poultry I
dull; turkeys, 13 , ?i24: chlckena.
fawltf, U hISS duckH, B<alo‘ 2 ; gees<-, 15
16. Live poultry irregular; <hirkenH.
13(i fowls, 13U*hl4\; turkeys, 16
<asked»; roosters. 10S (asked); ducks, 14 I
! 7/15, geese, 13'u 14.
Butter barely steady; creamers specials, I
creamery extras, 3Va36U, state |
' dairy, mbH 4 «/35, process spec ials. 2’ I *, (
b JB.
Iv/cgs unsettled; nearby v hit* fun< >, 15
I • bid!. nearby blown fancy, 35 u 36 ♦•\(rn
hrsts, hrsts,
Dheosv steady ; whlti milk , psa lai*. 17’.
• >/ IM, whole milk fuuc.t. 16 - 4 </ 17skims, >
* specials. ’ skims, mm, ? •/ I I
f til Fl Im M I\‘
ATLANTA MARKETS |
EGGS —Fresh country, candled, 33@350. ’
BUTTER—Jersey arid creamery. In 1-ib. ■
blocks. 25@27%c: fresh country, dull. 20 I
ft 22%c. f
DRESSED POULTRY—Drawn, head
and feet on, per pound: Hens, 17© 18c;
fries, 20©22%; rosters. 8©10c; turkeys,
owing to fatness, 17@18c.
LIVE POULTRY—Hens. 40©‘4fc; roost
ers, 25@30c; fries. 25@35c; bro.lera, 2041
25c; puddle ducks. 25@30c: Pekin ducks,
85@40c; geese, 504160 c eacu; turkeys, ow
ing to fatness. 15©18c
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES—Lemons. \
fancy, $5.50©>6.00 per box; bananas, 2%M3
per pound; cabbage. 1.26(3)1.50 pound: pea- i
nuts, per pound, fancy Virginia 6%@7c,
choice. s%®>6c; lettuce, fancy. $1.’0@1.75;
choice $1.25@1.50 per crate: oeets. $1.50@
2 per barrel; cucumbers, 76c@$l per crate;
Irish potatoes, 90c@1.00.
Egg plants, $2442.50 ner crate, pepper,
$1@1.25 per crate: tomatoes, fancy, six
basket crates, $2.00@2.50; nineapnles. $2 '
44'2.25 per crate; onions, 75c@$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
kits, $1.25.
Cornfield jellied meat in 10-pound dlnnel
paii, 12 %c.
Cornfield picnic hams, 6 to I pounds av
erage. 13%c.
Cornfield breakfast bacon, 24c.
Grocer style bacon (wide or narrow),
18%c.
Cornfield fresh pork sausago fl'nk oi
bulk) 25-pound buckets. 12%c.
Cornfield frankfurters, 10-pound buck
ets, average, 12c.
Cornfield bologna sausage. 26-pound
boxes, lie.
Cornfield luncheon hams, 25-pound
boxes, 14c.
Cornfield smoked link sausage. 25-
pound boxes, 10c.
Cornfield smoked link sausage In pickle,
50-pound cans, $5.
Cornfield frankfurters In pickle, 15-
pound kits, $1.75.
Cornfield pure lard, tierce basis, 12%c.
Country style pure lard. 50-pound tins,
tl%e.
Conipound lard (tierce basis), B%g.
D. S. extra ribs, ll%c.
D. S. Rib bellies, medium average, 12%c
D. S. 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 patent), $5,75; Puritan (highest
patent), $5.75; Paragon (highest patent),
$5.75; Sun Rise (half patent), $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; Tuiip
(straight), 4.15; King Cotton (half pat
ant). $5.00; low grade, 98-Ib sacks, $4.00.
CORN—Choice r#<l 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 MEAL—Harper. S2B;
prime, S2B; creamo feed, $25.
COTTON SEED HULLS—Square sacks.
$ll.OO.
SEEDS—(Sacked): Wheat. Tennessee
blue stern, $1.60; German millet. $1.65: am
ber cane seed, $1.55; cane seed, orange,
$1.50: rye (Tennessee), M. 25; red top cane
seed. $1.35; rye (Georgia). $1.35; red rust
proof oats, 72c; Bert oats, 75c; blue seed
oats. 50c: barley. $1.25.
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, $1,45; No. 1. $1.40; wheat straw,
70e; Bermuda hay. 85c.
FEEDSTUFF.
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, $t 60: 7F-.b, $1 60.
CHICKEN FEED—Beef scraps. 50-Ib.
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,
$2.30; Purina chowder, 100-lb. sacks, $2.10;
Eggo, $210; Victory scratch, 100-lb. sacks,
$1 90; Victory Scratch, 50-lb. sacks, $1.95;
wheat, 2-bushel bags, per bushel. $140:
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-lh. 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;
AAAA, $14.50 in bulk; in bags and bar
rels, s2l; green. 20c.
RICE - Head. 4%i®rf%c; fancy bead, 5%
@6%e. according to grade.
LAP-D —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 cwt.,
90e; Granacrystal, case, 25-lb. sacks, 75c;
salt ozone, per case, 30 packages, 90c; 50-
lb. sacks, 30c: 25-lb. sacks. 18c.
NEW YORK PRODUCE MARKET.
NEW YORK. Dec. 11.—Wheat, firm;
May, 1»5%4(95%: 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 cliped, 374(41.
Rye, firm; No. 2. nominal f. o. b. New
York.
Harley, quiet; malting, 564170 c. i. f.
Buffalo.
Hay. firm: good to prime. 85@51.15; poor
to fair, 954i51.05.
Flour, steady: spring patents, s4.6ori
4.95; straights. $4.50'04.60: clears, $4,254)
4.35; winter patents, s.‘>2oo 5.40: straights,
$4 6541 4.80; clears. $4.3041 4.40.
Beef, dull; family, $24.00’0 25.00.
Pork, weak; mess, $19.25©19.50; family,
23.0041 24 00.
Lard, easy: city steam, 10% bid; mid
dle West spot. 11.30 bid.
Talow, quiet; city, in hogsheads, nomi
nal.
LIVE STOCK MARKET.
1 CHICAGO, Dec. 11. Kogs-Receipts 52,-
1000. Market 15c lower. Mixed and butch
ers $7,054( 7,55. good heavy $7,454( 7.55,
rough heavy $7’07.40, liglit $7'i(7.60, pigs
$7.35417.50. bulk $7,304- 7 15.
Cattle Receipts 28,000. Market 10c to
20c lower. Beeves 06.404$ 10.90, cows and
| heifers $2 754( 8.50. Stockers and feeders
I $4,901(7.75. Texans $6 404(8.50, calves $8.75
I 4( 10 50.
Sheep Receipts 35,000. Market strong
Native and Western $3.40'u4.90, lambs $5
418.10.
NEW YORK GROCERIES
|
NEW YORK, De, It Coffee steady;
No 7 Rio spot. 144114%. Rice stead.,
| domestic, ordinal’) to prime, 4%"i5 >
j Moln.-ses steady; Ni u < irleans, Opel, ket
tle, 101(50 Sugar, raw. firm, centrifugal,
tjts; muneoviid-1, 3.55: molanses augur,
relined more active; .-landiiril gran
I il.iie.t, fcut loaf, I. 70, - rushed, t.
I meld A. 5.25, cubes, f- 15: powdered, ■>.’("
I olam-md \, I 'jo. confect [on-th ) t. 75
V- I I 65, Ni . 3. 4 'lO, No. 3, I 5-‘ . A'-- I
I
CEREALS RECEDE I
! IN LATE TRADING |
Optimistic Cables Cause Early j
Advance, But Selling Causes
Irregular Close.
I .
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 3 red 104%@108
<-’orn 47% 1
Oats 33
CHICAGO, Dec. 11.—Wheat opened %c ?
to %c higher on a steady tone at Liver
pool, where the market was about %d
higher. The situation in Argentina may
be called less promising and a special ca-
I file from there estimates tiie exportable
•surplus as having been reduced to 130,-
i OUO.OOO bushels, but the crop, as a whole,
in tiie country may be called favorable. I
Northwestern receipts today were 791
cars, against 999 a week ago and 313 a
year ago.
Corn was up %<r to %c, although Liv
erpool was %d lower, because of the In
creased pressure from Plate cargoes and
parcels. Weather over the corn 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 15c
lower under a run of 51,000 head. In
the pit prices were off from 12%c to 25c
with pork the weakest.
The smash in the price of stocks in j
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
II o'clock. Word cams 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 low’er
and only 200,000 bushels cash were
traded in.
Hog products sold off sharply and were
under pressure during the entire session.
The trade in cash nqjats and lard was
reported by packers as somewhat smaller. i
CHICAGO GRAIN MARKET.
Grain quotations:
Previous
Open. High. Ihjw. Close. Closs.
WHEAT—
Dec. 84 84% 83% 83% 83%
May 89% 89% 88% 89% 89%
July 86% 86% 86% 86% 86%
CORN—
Dec. 47% 47% 47 47% 47%
May 48% 48% 48% 48% 48%
July 4:4 49<£ 48% 48% 49
OATS—
Dec. 34% 32% 32% 32% 32%
Maj’ 32% t!3 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’y 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 10.05 9.95 9.95 10.07%
RIBS—
Jan 10.00 10.05 9.95 9.95 10.07%
My 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. in.
the market was %d lower. Closed un
changed to %d higher.
CHICAGO CASH QUOTATIONS.
CHICAGO, Dec. 11.—Wheat—Nq. 2 red
994(1.03. No. 3 red 904(98, No. 2 hard win
ter 85%4r88, No. 3 hard winter 83%@86.
No. 1 Northern spring 86%@87%, No. 2
Northern spring 854(86, No. 3 spring 82
@B4.
Corn —No. 3 yellow 45%@46, No. 3 white
45%@47, No. 3 yellow 46@47, No. 4 44
'u4s. 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 MOVEMENT.
"WHEAT- I 1912. 1 l»il.
Receiptsl 1,261,000 I 528,000
Shipments! 423,000 I 242,000
CORN—I 1912. I 1911.
Receiptsj 745.000 I 1,604,000
Shipments! 445,000 I 718,000
NEW YORK COFFEE MARKET.
Coffee quotations:
I Opening. I Closing. ~
Januaryl3.ls 13.13@13.ie
Februaryl3.2s@l3.3s 13.37@ 13.38
March 13 45@ 13.55 13.30@13.3l
A]>rt113.55@13.65 13.60« 13.63
May 13.68 13.71@13.7t
Junel3.74® 13.76'13.76@13.7t
Ju1y13.79@13.81 13.82@13.8S
Augustll3.B4 13.86@13.88
September'l3.B9 @13.90 13.91@13.92
0ct0ber113.89@13.90'13.91@13.93
Novemberll3.B9® 13.90'13.91® 13.93
Decemberl,, 13.00@13.05
Closed steady. Sales. 77,758 bags.
COTTON SEED OIL. /
Cotton seed oil quotations:
I Opening, |' Clog tig '
Spotl I 6.29@6.45
December .... 6.26@6.30 6.30@6.34
January6.2s4( 6.26 6.27@6.2'J
February . . . . 6.28@6.32 6.39
March6.34@6.35 6.37@6.38
Apri16.36@6.40 6.41@6.44
May 6.424: 6.43 6.474( 6.48
June6.43@6.47 6.48@6.49
Jul y , 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 tier 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 lam penniless >
and don’t know what to do,” sobbed
the girl.
Mrs. Smith, whose home is in DeKalb
county, mar Ingleside, said Her hue- (j
hand brought her and the two babies to
Atlanta two weeks ago to visit her fa
ther. J. M. Roberts. 36 Gaskill street,
and then disappeared. Since then ■lie
has seen nothing of him. Smith's fa-,
tlier, she said, had since told her Smith /
remarked that "he was gone for good”
The oldevt child is a girl, \ era, aged
21 months. The other is a hoy, eight
Is .our h • iiiesH worth advertim g
'l'heii If r, i tr< a I'm SaJi vr BuHlne«>
< >PP ■tijoiti » • (i, Tiie Georgian
I
19