Newspaper Page Text
■MOTIN
lehn OVER
I SHIP SMI
Manufacturers Complain That
Ipaii Chiefs Are Trying to
Dominate Conference.
j, in tiie tanks vs the Btmumu
■ , ie) .. ga tes again was threatened
!■;. dnumt hotel this morning
SH-. . . S'lii’.uel ’l. Douglas, of Nashville,
ring interests which, it is al-
M | profit by a ship subsidy,
■ .1, introducing a resolution
■ r.ing (lie convention to the idea
■ . reliant marine.
\\ I'inley. president of tile South-
H ~ \,. n /'onipany, was in the ehalf,
■ -I regret, Mr Douglas, that
y.' brought up this matter at
H , b ~, \Ve have a number of prom-
H ilr,.ad officials here whom W 6
< .' l „ hf lr from. They have cornel
■t-w distances. There is a separate!
Hiit' titis afternoon for discussions of.
S' . ..ant marine, and 1 shall rule’
.fir solution out of order, at the risk?
■f being overruled by the convention. 11
■iiall call on Mr. Kriegshaber. vice’
. nt of the Chamber of Commerce,
■ . take the chair.”
Ruled Out of Order.
II "Wi 11. 1 have been trying 24 hours f
■r this question before the conven-'
Hon.” asserted Mr. Douglas, “and have j
Hot succeeded and I should like to
Hitow at what hour the friends of the
may have a hearing.
■ |>. m. Stewart, of Chattanooga, pres
■, <ut of a large manufacturing con-;
H'-ru and representing at the confer-
Hne. Chattanooga manufacturers with
resources, said:
■ "Yes." Mr. Chairman, "there are a
Humber of delegates here who are vi-
H'dly int ’ ested in this proposed reso
lution.”
,1 Mr. Kriegshaber ruled Mr. Douglas
Hut of order, but the advocates of the
Hueasu.e declare that thev will make a
Hight for its passage at the afternoon
’S Friends of the resolution assert that
■ iiv railroad men are dominating the
■ oiif'*reii.-<-, that they have had the im-
■ m committee appointments and;
■ li, merchant marine advocates have,:
■vith one exception, been left off. They I
■ ; eplore the factionalism that has crop
■ivd out, but declare that an issue must
made sooner or later.
Atlantan Made President.
Hl ' delegates honored Atlanta by
Wilmer L. Moore president of
■ >:>• cimf.-r. nee for the ensuing year and
■Walter G. Cooper treasurer. Mr. Moore
B-■ out of town and it is not known that
But will accept, because of pressing
■business duties. Mr. Cooper declined
Bor this reason and the body then left
B I, s lection of treasurer to the presi-
Bient agd an executive committee. The
B invention expressed a prefe.re.nete for a
■ banket for this*’place, arid Robert F. I
■Maddox was mentioned. Tile secre-'
■tary-manager is to be chosen like the|
■treasurer. .
|| Tlu- ,-xecutive committee is composed i
■ (".'James W. Porch, of .New Orleans: i
■John A. Sibley/of Birmingham; Wilson I
■c. Harvey, of Charleston; G. I. Swig-j
■'tert, of Tennessee; E. 0; Painter, of |
■.iv•k.-oi:> i 11,.; 1". [j. Strachan, of Bruns- j
; Henry F. Baker. of Baltimore,
dj ii'les V.. Hook, of North Carolina,
M '.'>ns which join in the confer
u'Oem "lit will be assessed SI. perl
'' ''very hundred members and I
■ hu\, at least 500 members. Indi-I
AN IDEAL GIFT FOR THE HOUSEWIFE
.. n.„. wi
'
■Mr w
I i Bi f I '
THE SANITARY MILK CABINET
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to six hours. By its use your milk
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CAN’T SPOIL IN SUMMER
Save six first-page headings from consecutive dates of THE GEORGIAN. Present
tnem, 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
Tile 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
knuw* 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, Dee. 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„ Dee. 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 tlie suffrage organization
in that state.
viduals may and 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 Ohio
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. ;,rr.
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 Bernar?
D. Baker, of Baltimore, to make gov
erment-owned ships ply the canal,
with no railroad or railroad officer in
terested in the lines. Thia 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.
COTTON GOES OP
ON SPOT OEM
Increased Liverpool Sale Stim
ulate Trade—Opinions Di
vided on Estimate.
NEW YORK, Dec. 11.—Increased sales
in Liverpool resulted in a buying incre
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 professionals were inclined to side
step, awaiting the government estimate
tomorrow at Ip. 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 free!?, but the absorption by the
larger spot interests firmly maintained
prices in narrow ranges. After the call
trading was less acffve and prices sagged
a few points in most active positions
from the initial figures.
Futures tn 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 wfis very bull
ish, saying the crop was not over 13,800,-
bale.s 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.
«»JVith 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 op rations. 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 Males.
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 p;'icesl a net gain of 3 to 15 points
from the final quotations of Tuesday.
Semi-weekly interior movement:
I 1912. I 1911. I 1910~
Receipts 1126,725 168.5231124,374
Shipments 1116,4571147.367:109.256
RANGE IN NEW YORK FUTURES.
! c ; . L . ® i < ®
Xi? £ 2 1 s =
Di- . O j
Dec. , 12.42T12T2 ’12.4212.521
Jan. 12.55 12.64,12.51 12.62,12.62-63 12.50-51
Feb 12.6212.62-64,12.51-53
Meh. 12.64112.72'12.61|12.7212.70-71|12.59-60
April 12.66 12.56
May 12.60 12.6712.51.12.67 12.66-67 12.56-56
June 112.63 ,12.52-54
July 12.55 12.5412.52 12.64112.63-64 12.51-52
Aug. 12 44 12.55112.44)12.54 12.54-55'12.39-41
Sept. 12.0 C 12.0212.00 12.00 11.99-0111.96-12
< let. 11.84)11.90'11.81 11.90J1.89-90)11.80-82
Closed steady.
Liverpool cables were due to come 6
to 7 points higher, but the market opened
firm 5% to 6 points higher. At 12:1.5 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 Tliarket was nntet, with prices a net
gain Os 4 to 6L. points from the final fig
ures of Tuesday.
Spot cotton steady and in fair demand
at 7 points advance; middling 7.06 d;
sales IC.OOO bales, including 9.00 C Ameri
can; imports 22,000 bales, including 17,000
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 I*. M. Close. Prev.
Dec. . . . 6.79Ai-6.-781 2 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. 6.74%-6.73% 6.74% 6.68%
Meh.-Apr. 6.72 -6.73 ti. 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 quiet.
NEWS AND GOSSIP
OF THE FLEECY STAPLE
NEW YORK, Dec. It.—N. L. Carpenter
« t o.: 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 oft until after
bureau day.
Spot buyers who have recently re- |
turned from a trip over Texas say they I
find most of the cotton very good in I
grades; also Oklahoma cotton was good I
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-
? an no lon Ker be estimated at
1,600,000 bales, which has been the pre
diction of many estimaters from the in
itial of the season. Its ginnings to De
cember 1, were 1,563,443 bales.
while trading was not of a large char
acter today offerings were rapidly ab
sorbed, most of whienfeame from spot in
terests.
Mitchell, Gwathuiey, Schill and Riordan
were the leading buyers today. Very lit
tle cotton was for sale.
The ring crowd covered shorts today.
Russell, Wilson, Hartcom, Shantz, Hub
bard and Schill were leading sellers dur
ing tlie forenoon trading.
Ti’s. average guess of 131 members of
the New York cotton exchange for the
crop was 13.850.0U0 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. m. blds: December,
12.4 <; 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 Atlantice.
Galveston section, disturbance off Texas
coast; will move eastward and 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 Tlmes-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 now 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 has
been working. But in tills 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 the}' do not
discount sustained excess of consumption
over production.
Last 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 tiie talent, in squaring up their ac
counts on the eve of tlie 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 I 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 14.500.000 baleg.
Following are 10 a. m. bids: December,
12.75; January, 12.78; March, 12.82; May,
12.88: July. 12.95
Estimated receipts for Thursday:
1912. 1911.
New Orleansll,soo to 12,500 11.447
Galveston 37,000 to 29,000 13.428
HAYWARD & CLARK'S
DAILY COTTON LETTER
NEW ORLEANS, Dec. 11.—The action
of ail 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 wfl be. the last day of the first half
of Decemebr 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 vhe 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 Hie least buying caused an ad
vance, owing to the absence of sellers.
Liverpool cabled: “Continent a g-neral
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 off for the bureau, expecting
higher prices after tlie publication of the
I government estimate.
(RANGE IN NEW ORLEANS FUTU RES.
I C X ! ,J • '►*
I ® : w * I K-® ' »
2,1 ••"! ' o ' cj -Z $-.2
s O • I-* ■ ■ O ! CuO
I lsec7 _ |T2.6irf2"?So; 12.69 iZ80~12.79-80ir2.71 -72
Jan. 12.73.12.84 12.69 12.81 12.81-82 12.72-73
I Feb: 12.83-84112.74-76
I Meh. 12.78 12.1'1'12.74 12.87:12.85-86'12.76-77
1 April , 12.88-90 12.78-80
May 12.84 12.95 12.80 12.93:12.92-93 12.88-84
June J j!2.94-96:12.86-88
July L2.91::i3.02|12.90H3.01 12.00-01112.90-91
Oct,KT4_ 12.1'4 12.9-1 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 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%.
Wilmington, nominal.
Little Rock, firm: middling 12%.
Baltimore, nominal; middling 12%.
Memphis, steady; middling 13c.
St. Ixiuls, quiet; mindlfng 13%.
Houston, steady; middling 12%.
Louisville .firm; middling 13c.
COTTON MARKET OPINIONS.
| Thompson, Towle X- Co.; “We favor
I the long side of the market, but suggest
| that purchases be made with caution."
Logan & Bryan: "The coming govern
| ment report is the subject of much com
ment and many good people advise cau
tion.”
A. Norden & Co.: “We believe the
I market will work higi <jr.”
Hayden, Stone k Co.: "Any prominent
decline in contracts seems unlikely.”
STOCK EXCHANGE SEAT SOLD.
j .SEW VUKK. Dee. 11. A stock ex
change sea’ waa sold yesterda} for the
I sum of ,oeo v.hl<'li was t'i.Oou Issa
1 tlian pi-o. lons sale, uii'l war flt< li w'-i t
if..' -ht year
HOT LOSSES IN
PRICE OF STOCKS
Apprehension of Unfavorable
Court Decision Next Monday
Causes Liquidation.
By CHARLES W. STORM.
NEW YORK, Doc. 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%. an advance of % over
last night. United States Steel common
opened unchanged at 65%, then moved up
to 66%, and finallj' sold off to 65%.-
Izihlgh Valley opened for a gain of %,
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 %, Atchison %. The initial
losses included Texas Pacific %, Reading
%, People's Gas (Chicago) %, Consoli
dated Gas % and American Locomotive %.
The 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 tlie
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 54,491.713.37. 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:
| | ILastlClos.jPrev
STOCKS— IHlghlLow.lSale.l Bid-ICl'se
Amal. Copper. 76% 73%, 74% 74% 76%
Am. Ice Sec... 18 18 18 18 18
Am. Sug. Ref. 116% 113%1113% 113% 113%
Am. Smelting 70% 68%' 69% 69 69%
Am. Loconto. . 42% 41 41 41 41%
Am. Car Fdy„ 55 63 53 53% 54
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. L 137% 136% 136-"136% 137
American Can 28%! 26% 26% 27% 26%
do, pref. ..11J%114 111% 113 113%
Am. Beet Sug. 50 47% 47% 18 49%
Am. T. and T. 139% 138 138 137% 138
Am. Agricul. .( .... ....f64 j 56
Beth. Steel .. 35%l 34 34% 34% 35%
B. R T. .... 87% 85% 86% 86%i 87%
B. and 0104% 103%|103%ll03%!103%
Can. Pacific .. 263% 255% 257 258% 261%
Coni Products ; 14 1 13% 13% 13% 13%.
C. and O! 78%: 77% 78 ! 77% 77%
Consol. Gas ..'138% 1.36 |136%i136%H37%
Cen. leather . 27% 26 26 26% 27%
Colo. F. and L, 33 36% 32 ( 32% 31%
Colo. Southern' 1 34 34
I), and H 162% J 62% 162% 162% 163
Den. and R. G. 19% 19% 19% 19 20%
Distil. Secur .' 21 20 '2O | 19%' 20%
Erie 32% 30%l 30%| 31% 31%
do, pref. .. 49% -<8 ,48 48 , 48%
Gen. Electric .182% 1.79% <79%:180 182
Goldfield Cons.' ... ....| .... 1% 1%
G. Western .. 17% 16% 16% 16% 16%
G. North., pfd.' 134% ; 132% 133 132% 133%
G. North. Ore. 41% 40 ! 40 40 41%
Int. Harvester 111% 111% l!.l% 106 110
111. Central ...125 125 125 125 125
fnterboro .... 17%, 16%, 16% 16%’ 17%
do, pref. ..: 61%, 58%- 58% 58% 60%
lowa Central ! .... ...J .... 10 : 11
K. C. Southern 26% 26% 26% 26 26%
K. and T|2€% 25% 25% 25% 26%
do, pref. .. .... 60 61
L. Valley. . .'l7O 164 (166% 166% 167
L. and N. . . I’l % 139%,139% ! 139%:142
Mo. Pacific . . 41 40% 40%: 40% 40%
N. Y. Central 110 108% 108% 108% 109%
Northwest. . . 136%,135% J 3 434% ,135%
Nat. Lead . .' 55 : 54%j 55 54%i 55
N. and W. . . 112 1111 111 110%'111%
No. Pacific. .120% 118 11.8% 118% 119%
O. and W. . . 32 31%: 31% 30%' 31%
Pennl.2l 119% 120% 120 120%
Pacific Mail. . 30 30 30 29 30%
P. Gas Co. . .11l 110 1110 409% 110%
P. Steel Car .35 134 34 34 1 34%
Reading. . . . 168% 162 164% 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'4B 45%
So. Pacific . .110 107%|108% 1108% 108
So. Railway . 28 : 27%: 27% 27%' 27%
do. pfd.. . . 80 79 I 79 79% 79%
St. Haul. . .11.2 1109%i110%410', l 110%
Tenn. Copper 37 35% 26 25% 26%
Texas Pacific 22% 22 22 21% 22
Third Avenue .... 34 34%
Union pacific 162%453% 155% 155 161 %
f. S. Rubber 63%i 61% 61% 62% 62%
Utah Copper . 58% 56 56% 55- h 58
U. S. Steel . 66%, 63% 65 64% 65 s
do. pfd.. . . 108% 407% 108 107% 108
V. Cl'-ni. !?. 11% 41% 44% 42
Wes’. Union . 74 72 72% 72% 73
I Wabash. . . . 4% 4%, 4% 4 4
do. pfd.. . . 13% 13% 13% 12% 13
IW. Electric 77 76 76 75% 77%
Wis. Centra! . I .... 49 50
- Maryland 51 51%
Total sales, 1,279,400 shares.
METAL MARKET.
NEW YORK, Dec. 11.—Trading at the
metal exchange quiet, tone steady.
Quotations: Copper spot 17 bld, Ite
cernber January-February
16.87%, lead 4.25®4.40, spelter 7.20®7.40,
tin 49.25® 49.75.
STEEL EARNINGS ESTIMATE.
NEW YORK, Dec. IL—lt 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 cluse
to $5,000,000.
MINING STOCKS.
BOSTON, Dec. 11.—Opening: Butte
Superior 39, North Butte 31%, I’ond Creek
25. Smelting 40%, Calumet and Arizona
<B%.
POULTRY. BUTTER AND EGGS.
NEW YoRK, Dee. 11. Dressed poultry
dull; turkeys, 1.3W24; chickens, 11® 26;
fowls, 11018%; ducks, 8®10%; gee«e. 15
7/18. Live puultrj irregular; chickens.
130 13%: fowls. 18%®14%; turkeys. 16
laskedi: rooster.-. 10% laskedi; ducks, 14
045; Ku-ese, 13®14.
Butter barely steady; creamery specials,
;:3O38; creamery extras, 314186%; state
dairy, tubs, '. 4w36; process specials, 27%
1
Egg; unsettled; nearby white fancy, 15
ibl<l». nearby bruwn fancy, 2’.®36; extra
I.' Sts, 33'1/3t,. firsts. ■/3<>
Clmesc stead: ; wlffie mill, -p.-cluls. 17%
I ■./!«; whole milk famy, 16%*1K%: cki/u'.
• p'.iecl/ur., li'<: sl'.lltl", til:':, IJ'. / Il
ATLANTA MARKETS
EGGS—Fresh country, candled, 33035 c. ’
BUTTER—Jersey and creamery. In 1-lh
blocks, 25®>27%c; fresh country, dull. 20 1
@22%c. •
DRESSED POULTRY—Drawn, head '
and feet on. per pound: Hens, 17®18c; I
fries, 20 @22%; rosters. 8@10c; turkeys,
owing to fatness. 17@18c.
LIVE POULTRY —Hens. 40@45c; roost- I
ers, 25@30c; fries. 25@35c; broilers, 300 :
25c: puddle ducks. 25@30c: Pekin ducks, (
35@40e; geese, 50@60c eacn: turkeys, ow- j
ing to fatness. 15@18c
FRUITS AND PROPUCE.
FRUIT AND VEGETABLES—Lemons,
fancy, $5.50@8.00 per box; bananas. 2%@3
per pound; cabbage. 1.25@1.50 pound; pea
nuts, per pound, fancy Virginia 6%@7c. |
choice, s%®>6c; lettuce, fancy. $1.’0@1.75; I
choice $1.25@1.50 per crate: beets. $1.50@ i
2 per barrel; cucumbers, 75c@$l per crate; [
Irish potatoes, 90c@1.00.
Egg plants, $2@2.5u per crate, pepper, |
$1@1.25 per crate: tomatoes, fancy, six- :
basket crates, $2.00@2.50; pineapples. $2 i
@2.25 per crate; onions, 75c@$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-pound
kite. $1.25.
Cornfield jellied meat in 10-pound dinnet
pail, 12 %c.
Cornfield picnic hams, 6 to 8 pounds av
erage, 13%c.
Cornfield breakfast bacon, 24c.
Grocer style bacon (wide or narrow),
18%e.
Cornfield fresh pork sausage fi’nk of
bulk) 25-pound buckets. 12%c.
Cornfield frankfurters, 10-pound buck
ets, average, 12c.
Cornfield bologna sausage, 28-pound
boxes, 11c.
Cornfield luncheon hams, 25-pound
boxes. 14c.
Cornfield smoked link sausage, 25-
pound boxes, 10c.
Cornfield smoked link sausage In pickle,
00-pound cans, $5.
Cornfield frankfurters In pickle, 15-
pound kits, $1.75.
Cornfield pure lard, tierce basis, 12%c.
Country style pure lard, 60-pound tins,
tl%e.
Compound lard (tierce basis), B%c.
D. S. extra ribs. lt%c.
D. S. Rib bellies, medium average, 12%c
D. S. bellies, light average, 13c.
FLOUR AND GRAIN.
FLOUR—Postell s Elegant, $7.60: 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),
$3.75; 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; Tulip
(straight), 4.15; King Cotton (half pat
ent), $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; 06-
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, aOc; 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.
OOTTON SEED HULLS—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
oa(s. 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.
70c; Bermuda hay, 85c.
FEEDSTUFF.
SHORTS—White 100-lb. sacks. $1.90;
Holiday, white, 100-lb. sacks, $1.90; dandy
middling. 100-ll>. 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. $i .60: sugar beet pulp,
100-!b. 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,
$2.30; Purina chowder. 100-lb. 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; MHko 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%@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 cwt.,
90c; Granacrystal, case, 25-lb. sacks, 75c;
salt ozone, per ease, 30 packages, 90c; 50-
lb. sacks, 30c: 25-lb. sacks. 18c.
NEW YORK PRODUCE MARKET.
NEW YORK. Dec. 11.—Wheat, firm:
May. 15%® 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 cllped, 37® 41.
Rye, firm; No. 2. nominal f. o. b. New
York.
Barley, quiet: malting. 56®70 c. i. f.
Buffalo.
Hay, firm: go<xl to prime, 85@51.15; poor
to fair, 95@51.05.
Flour, steady; spring patents, $4.60®
4.95; straights. $4.5047 4.60: clears, $4.25®
4.35; winter patents, $5.20® 5.40; straights,
$4.65@4.80; clears, $4.30® 4.10.
Beef, dull; family, $24.00® 25.00.
Pork, weak; mess, $19.25@ 19.50; family,
23.00@24.00.
Lard, easy; city steam, 10% bid; mid
dle West spot. 1t.30 bid.
Talow. quiet; city, In hogsheads, nomi
nal.
LIVE STOCK MARKET.
CHICAGO, Dec. 11.—Hogs—Receipts 52,-
0(10. Market 15c lower. Mixed ami butch
ers $7.05@7.55, good heavy $7.45 @7.55.
rough heavy $7®7.40, light $7@7.50, pigs
$7.35® 7.50, bulk $7.30® 7.45.
Cattle —Receipts 28,000. Market 10c to
20c lower. Beeves 06.40® 10.90, cows and
heifers $2.76® 8.50. stockers and feeders
$4.90® 7.75, Texans $6.40® 8.50. calves $8.75
® 10.60.
Sheep- Receipts 35,000. Market strong
Native and Western $3.40@4.90, lambs $5
@B.IO.
NEW YORK GROCERIES.
NEW YORK. Dee. 11.-Coffee steady;
.8'1). 7 111// spot, 141/14%. Rice stead} , :
1 iloniestle, ordinal-} to prime, l%®-5%. ■
: \iolusses steady; New Orleans, upon get - I
ile. 4UWSO Sugar, raw, firm: . eiitrlf. gal. I
1.05; iiiiiscuvaJo, 3.56; moluMHas Htlgar,
: ''(; leilne/l ino/c active; standard gran
| uluted. 4.96: cut loaf, 6.70; crualied. "•.•li)
| i/iol/l A, 6.25, cubes, 5.15: l»ov,'i«ied. 5.00;
, ilamond \. 4 9”, < uifeetliiii. rs ' '75
8 > 1.4 11’, Xu. it, 4.'10, No. 8, 1,65; No I
CEHEILS RECEDE
IN LATE TRADING
Optimistic Cables Cause Early
Advance, But Selling Causes
Irregular Close.
ST. LOUIS CASH QUOTATIONS.
I Wheat—No. 2 red 104%@108
Corn 47%
I Oats 33
CHICAGO, Dec. 11.—Wheat opened %o
to %c higher on a steady tone at Llver
| pool, where the market was about %d
1 higher. The situation in Argentina may
I be called less promising and a special ca
-1 ble from there estimates the exportable
J surplus as having been reduced to 130,-
i ”00.000 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 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
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
rathrer dull.
Corn closed % to %c lower, but last
firices showed some reactions from the
owest levels. Only 75,000 bushels cash
com 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.
The trade in cash meats and lard was
reported by packers as somewhat smaller.
CHICAGO GRAIN MARKET.
Grain quotations:
Previous
Open. High. Low. Close. Close.
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 49 49% 48% 48% 49
OATS—
Dec. 34% 32% 32% 32% 32%
May 32% S 3 32% 32% 82%
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%
M’y 9.85 9.85 9.75 9.75 9.90
LIVERPOOL GRAIN MARKET.
Wheat opened %d higher; at t:3O p. in.
the market was' •%<! to %d higher. Closed
%d to %d higher.
Corn opened %d lower; at 1:80 p. ttf.
the market was %d lower. Closed un
changed to %d higher.
CHICAGO CASH QUOTATIONS.
CHICAGO, Dec. 11.—Wheat—No. 2 red
9#®1.03, No. 3 red 90@98, No. 2 hard win
ter 85%®88. No. 3 bard winter 83%@86.
No. 1 Northern spring 86%@87%, No. 2
Northern spring 85@86, No. 3 spring 83
@B4.
Corn—No. 3 yellow 45%@46, No. 3 white
45%@47. No. 3 yellow 46@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 MOVEMENT.
WHEAT— 1 1812. I l»lt.
Receiptsl 1,261,000 I 528,000
Shipments' 423,000 | 242,000
CORN— I" 1912. I 1911,
Receipts 745.000 I 1,604,000
Shipments| 445,000 I 718,000
NEW YORK COFFEE MARKET.
Coffee quotations:
I Opening. Closing.
January[l3.ls 13.13@13.16
FebruaryH3.2s@l3.3s 13.37®13 38
Marchll3.4s@ 13.35 13.30@13.31
Apri1'13.55@13.65 13.60@13.62
May 13.68 13.71@ 13.72
June:i3.74@13.76’13.76@13.78
Ju1y!13.79®)13.8l
August[l3.B4 13.86@13.88
September'l3.B9@lS.9O 13.91@13.92
Octoberl3.B9@ 13.90; 13.91 (513.93
Novemberi 13.89© 13.90.13.91 @13.93
Decemberl '13.00@13.0.~>
Closed steady. Sales, 77,758 bags.
COTTON SEED OIL.
_ Cotton se «d 011 quotations:
I Opening. 1 Clorng.
Spotl [ 6.29@6.45
December ... J 6.26@6.30 6.3006.34
January| 6.25@6.26 6.27@8.29
February . . . . 6.28@6.32 6.39
Marchl 6.34@6.35 6.37@6.38
April .! 6.3606.40 I 6.4106.44.
Mayj 6.4206.43 I 6.4706.48
June6.43® 6.47 ' 6.4806.49
July : . . , . .( 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 has left me witii these two
babies to care for, and I am penniless
and don’t know what to do,” sobbed
the girl.
Mrs. Smith, whose home is in DeKalb
county, near Ingleside, said her hus
band 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 tliei; she
I Lus seen nothing of him. Smltli’s fa
-1.11/er, sin said, had since told iter Smith :
■ ri'inai'ked that “he was gone for gooo.” [
Tlie oldest child U u girl. Vein, aged
21 months. The other is a boy, dgiit 'j
J 1. t ••) (I i 1 S Ort'.
1« your business wortt sfivertUh-g
Thei if i.'.t try a For Sale < r Bu»ints»
opportunity s 1 in The Georgian
19