Newspaper Page Text
11. 5. LOSES FIGHT
GOAL TRUST
•kit a Minor Federal Victory Is
Scored in Temple Iron ami
Contracts Contentions.
WASHINGTON, Dec. 16.——The su
enn court dismissed the general
<1 rge of conspiracy against the Read*
i g nd other railroads involved in the
; i.L.raelt'? coal trust suit, but sustained
/• ■ charges of the government In minor
r- iH-ets by declaring the 65 per cent
< -.'.tracts illegal and upholding the de
cision of the lower court in dissolving
t!> T iitple Iron Company.
Tito court holds "that the general
<•< ~.illation s.liegcd by the government
'■• . xist Is tween the defendant roads
ii ; p, rt ionmen: for total tonnage
to tli" Seaboard by an agreement in
the nature of a pooling arrangement
not been established and therefore
t! • r lief sought by the government
m o:i the assumption i f such combi
nations is denied.
"Th- court finds, however, that the
principal dofi ndant did combine for the
pi: i.o: ■ of shutting out from the an
ti ; icite coal fields the projected in
ut line oi railroad, the New
I'.irir. Wyoming and Western railroad,
•ci :•■ accomplish this purpose it is
found t ut the stock of the Temple
> <' iinpany and of the Simpson and
(kins cullierii s were acquired for
m:ri' .sc and with the intent no, of
::/:>.!% and lawfully developing, but
f restraining interstate commerce and
« him: in transportation wl'.iv’i
~ ilc .nve presumably come about
t ‘ ■ .ugr. tiie construction and operation
. f du. proposed competing line of rail
n d I. tv. ecu the mines and tide wa
-11:
Contracts Violated Law.
r ,i- ourt holds that certain con-
. . *s made with producers covering
.• < n i and 25 per cent of the an
ti’:: . supply ■•>’ coal, known as the 65
-I-, cent contracts by which such in
• ct-ni producers bound themselves
:■ ... liver the output of their mines or
■:■■■ other mines which they might ac-
■ nir- to the railroad companies for 65
•,. ■ c nt of the average market price
at tide water, were also void because
in violation of tiie anti-trust act as
. nrmal and illegal restraints upon in
tir. 'ate commerce.
"Tiie court reiterates the decision of
ti Standard Oil case that the act of
(■■■i.gr-.i s does not ‘forbid or restrain
tiie poiqrr to make normal and usual
< ontracts to further trade by resorting
in all normal methods whether by
agreement or otherwise to accomplish
:.uci> purpose;’ nevertheless it holds
iiiat tiie acts which It finds in this
i .as,- to be illegal, the Temple Iron and
per cent contracts, were not within
. ach class, but. on tiie contrary, were
abnormal in their character and direct
!y tended to and were intended to il
b-gally restrain trade and commerce,
nd therefore came, within the statute
s illustrated by the ruling in St. Louis
'I ii .i.in.’! association and Swift & Co.
v«. tii.. United States.
Victory, Says Wickersham.
"In disposing of the case against the
g vernment us to the main combina
tion charged and in favor of the gov-
■ -rnmeut us to the Temple Iron and 65
Per cent contracts, certain minor con
tracts claimed to be in violation of
th act are considered and disposed of.”
Attorney General Wickersham said
the annulment of the 65 per cent con
tracts was an important victory and
"p. us the way for competition in ad
dition to establishing an important
principle.
The court left the way open for sep-
■ rate suits by the government against
tl>e minor combinations between rail
roads and coal companies, but the at
torney general has not decided whether
such suits shall be brought.
Justices Day, Hughes and Pitney did
not lake part in the decision.
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•« i .he "Lost and Found” columns of
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Surplus 1,000 00 ’.OO
Stockholders’ Liability 1,000,000.00
Undivided Profits 282,500.00
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R. fl. CASUALTIES
GROINING; LINES
IRE PED :
1 1
Lax Methods Arraigned in the *
Commerce Commission Re-
11
port—Death List 10.585.
f 1
WASHINGTON, Dee. lb. —A caustic 1
arraignment of the lux methods preva- j
lenT among the railroad companies of ,
the United States with reference to 1 •
providing suitable protection for their , j
passengers and employees was the key
note of tiie annual report of the inter- ;
state commerce . ommission made pub
lic here today.
The report stated that the total num
ber of casualties for the year on steam '
roads was 180,123, of which 10,585 per- I;
sons were killed and 169,538 were in- •
jured. These figures’ represented an in- ,
crease of 189 in fatalities and 19,379 in
minor accidents over the preceding (
[ year. Continuing, th., report says:
"Knowledge gained from investig.i- 1
tion of these accidents indicates beyond
doubt that with the track and roadway /
conditions existing upon many railroads 1
in this country the danger of serious
derailments is over present.” 1
Roadbeds Very Bad.
The commission stated that of the 31
1 ; derailments investigated by interstate '
I commerce agents 1-1 w-re cither indi
iiectly or directly caused by bad track,
. and that in three cases the roadbed was
Jin such bad condition that accidents
J were liable to occur even when trains
I were progressing at low speed.
Particular attention was given to the
• remarkable frequency of wr.-eks on the
New York. New Haven and Hartford
1 railroad through t veiled reference to a
wreck on that system, the report stat
ing that in many instances the inter
state commerce investigators found
spikes so loose that they could be re
moved from the rotten wood by hand.
' The commission reported that "the
' most disquieting and perplexing feature
’ of the problem of accident preventions
is the large proportion of train acei-
’ dents caused by the dereliction of duty
' i by the employees involved."
Faster Trains Increase Accidents.
1 A factor in bringing about the in-
■ crease in casualties in American rail
‘ roads, says the report, has been the re-
• markable increase in speed and weight
of trains, the crowding of tracks and
terminals and ancient rules and regula*
’ tions in effect.
"To prevent, railroad collisions, ade
i quate measures must be taken.” says
I the report. “First, efforts must by made
: to reduce the chances of human error
' to a minimum, and, second, to neu
i tralize the effects of such error whin
s it occurs."
s To obviate these accidents, the cora
-1 mission recommended the enactment of
i legislation standardizing the operating
■ rules of the railroads, and the use of
■ the block system. It was also suggest-
• ed that congress define the hours of
, service law, section 3, to the end that
• excepted causes, and those causes only.
5 shall be held to warrant excess service.
. In this regard the commission held that
there were too many delays attributable
to minor matters. The commission also
• suggests that a fixed sum be set for
each violation of the hours of service
. law, the minimum not to exceed SIOO.
; Two hundred and seventeen cases,
. involving 2,135 violations of the hours
f of service law. were presented to the
’ commission during the past year.
I
. Secretary Fisher
t Suggests Changes
WASHINGTON, Dec. 16.—The fol
-1 lowing recommendations are made in
the annual report of Walter L. Fisher,
‘ secretary of the interior, just made to
r President Taft:
That public lands be classified ac-
1 cording to their respective characteris
tics and appropriate uses, and that they
then be administered or disposed of in
s accordance with their real characteris
tics under the classification. Also tiie
subsequent repeal of the timber and
stone act and the act of June 3, 1878,
i’HE ATLANTA GEORGIAN AND NEWS.MONDAY, DECEMBER 16. 1912
I
NEWS AND GOSSIP
OF THE FLEECY STAPLE
NEW YORK, Dee. 16.- N. Ja. Carpen-i
ter & Co.: S. Tate says: "I think 1
there has been an accumulation of a long ,
interest which should come out on any I
decline, and until that is removed do not
look for an advance and would favor .
liquidation. Our senior, who is in Natch- j
ez. wires conservatively that he does not I
like the outlook and favors liquidation I
in anticipation of a decline."
March and May cutton here went to 13c j
this morning.
Some cotton goods houses look for 14c -
cotton in the near future.
Continued spot lieniarnl from over the ;
belt is the most potent factor fur the bull t
argument.
Memphis says 400,060 bales were ginned
between December 1 and 13, compared
with 954,000 bales last year for the same
period
Warehouse stocks in New York today
70.-05; certificated 53,079.
Liverpool cables stated that the
larger spot interests on this side were i
leading buyers, causing strength in Liv- I
er pool this morning.
Trading on opening was not large and ]
there was no evidence of leading inter
ests supporting tiie market, although after
the rail seme of their brokers were among
principal buyers.
Wilson, Flinn, Hubbard and ring best
sellers today. It is thought the ring is
short.
The latest National Ginners report is
430,000 hales ginned from December 1 to
December 13.
Browne, Drakeford Cm, of Liverpool,
cable: "The market has advanced in
consequence of little actual offering; buy
ing orders from America and buying or
ders from the continent.’’
Dallas wir- s as follows: “Texas ami
< iklahoina Generally cloudy, foggy, cold."
Following are 1! a. m. blds: January
12.53. March 12.93, Maj 12.93. .Inly 12.88,
October 12c.
?<EW ORLEANS, Dec. 1,6. --Hayward &
Clark: The weather map shows fair in
cloudy elsewhere; no rain. In
dications are ft r partly cloudy to fair,
except probably ram and colder in north
central belt.
Following ate 10 a. m. bids: January
13.0*. Mardi 13.13, May 13.20. July 13.28,
October 13.03,
Estimated receipts for Tuesday:
1912. 1911.
Nev Orleans ...12,000 to 13,000 14,169
Galveston 42,000 to 45,000 32,846
THE WEATHER - 1
Conditions.
WASHINGTON. Dec. 16. There will be
rains and snows during the next 36 hours
in the region of the Great Lakes and
rains tonight or Tuesday in the <)hio val
ley, Tennessee and the Gulf states. hi
the Atlantic states the weather will be
fair tonight and become unsettled Tues- l
day. No important change in conditions '
are indicated for the eastern half of the ‘
country during the next 36»hours.
General Forecast.
Following is the general forecast until
7 p. m. Tuesday:
Georgia Fair tonight; Tuesday increas
ing cloudiness.
Virginia—Fair tonight; Tuesdaj' in
creasing cloudiness.
North and South Carolina—Fair to
night; Tuesday increasing cloudiness.
Florida—Generally fair tonight and I
Tuesday.
Alabama and Mississippi Local rains
tonight or T’uesday; warmer in northern |
portions tonight.
Louisiana I’nsettled and warmer.
.Arkansas I nsettled and showets.
< iklahoina ('nsettled and colder.
East Texas-Unsettled with showers in
south.
West Texas - Fair and colder.
BUMPER CROPS LOWER
FOOD STAPLE PRICES
WASHINGTON, Dec. 16. -A material;
decrease in prices of food staples is shown I
by a statement Issued today by the crop ;
reporting board of the department of agri- ■
culture. Tliis is the result of a bumper j
crop. An average reduction of 10 cents
per bushel on wheat and corn in recorded.
The tr< mendous production increases tiie
farmer's income.
COTTON SEED OIL
Cotton seed oil quotations:
! opening. 1 €l<>? na
Spot
De< vniber 6.2566.85 6.27'118.29
January.
February 6.25(U'6.28 . 6.21(q6.-a
Mar*-b ... 6.31 <111>.33 6.25516.26
April .'I 6.32'0.6.37 ; 6.26fi6.30
. 6.37'116.38 6.34<u 6.35
'June ' . 6.39'1/ 6.44 6.:-:5(ji6.39
July .... ■’ 6 43<lt 6.14 6.3h«t6.{0
ijt.svl heavy; sales 19.90 barrels.
DE MUMMS, TO HUSH
UP SCANDAL, NOT TO
PUSH SHOOTING CASE
PARIS, Dec. 16. —Walter DeMumm, the
rich young French sportsmafi and mem
ber of the famous champagne making
family, who was shot in the breast
Thursday, showed improvement today in
the private hospital at Neullry. where lie
is lying.
In view of the new expected recovery
of DeMumm. it is believed that the war
rant charging Mrs. Marie Barnes, the
handsome young American divorcee, with
shooting him, will not be served, as the
young man's family is very anxious that
the case, be hushed up.
Mrs. Barnes, who tied to London after
the shooting. Is said to have disappeared.
Her friends still declare that she was
wounded by DeMumm, who denies this.
MAN WHO SWALLOWED
8 PINS LEAVES HOSPITAL
ST. LOUIS, Dec. 16. With five safety
pins still in ids body. Hoy Williams, 25
years old, who swallowed eight of
tlteni aS a means to end ids life, lias
left the City hospital.
Williams swallowed the pins two
months ago. One of them began to
pain Idm and he went to tin- dispensary
November 15. From there he went to
the <‘ity hospital, where ilivtors oper
ated on him for appendicitis. But in
stead of the npp/ ndlx the doctors took
i from Williams' abdomen a large safetj
pin. Later Im was relieved of two
others.
authorizing the cutting of timber /m
mineral lands, and the act of March 3,
1891. providing for the issuance of ]»■ -
ndts to cut timber on non-mineral lands.
That coal land leases by the govern
ment should be provided for bj’ law.
That a revision should bi made <>f
the mining laws, which will allow pros
pectors greater of development.
That constructiv» legislation shonhl
Is mjopied with r* gard to the •..•ater
l ower sit" in 'la I’nlte/i Stati • .
That, u bureau of natioim! jarks be
i • stabllsl.e/i for tit’ more • 'tlcient au
i mln'.st.alien of tm- e tracts. ‘
I That limn .1 < d appropriations be
i made forth - ofil/a <>i the ; . <mt at-
: torney gem ral.
■ That tiie operati' ns <q n ■ buio...i ot
imines be enl'tip."! through ium.,.,'od
upprlpriutiohs by emigre
Ti : t to! I)U. mm of lol.!.Ill t l i:
.•■•r ■ :i't ' enlai g- ti.
CDTTOiy SOARS; i
LATER RECEDES
Trading of Erratic Character
Entire Day Small Changes
Noted at Close.
NEW Y(ißj{ Dec. Di. firmness in
cables resulted in the cottun market here
• penlng steaify today, with prices a net
Kain of 5 to y puints from the closing
prices of Saturday. Imme^Hatelj - after
the opening prices throughout the list set I
. new high levels fur the season. March
j and May both rallied to 13c. The buying 1
; at the outset was heavy, with local shorts j
I covering and the large spot interests
leading rhe aggressive movement. Those
inclined t<» the selling side Saturday were
good buyers. After the call the market
was barely steady, with prices sagging to
the initial figures. The selling was very
light and scattered.
During the late forenoon the selling
became general and it was said some,
scattered longs sold cotton, taking profit,
also the local operators sold short, ex
pressing their opinion that 13c cotton was
too high for the moment ami as there was
no evidence of leading interests’ support
to the market, prices in most active posi
tions soon showed depression, receding 12
to 1.5 points from the opening quotations.
It is apparent that on all soft spots the
spot interests seem to be the lemling buy
ers. The opinion prevails that as long as
the spot situation continues strong it is
not reasonable to expect any decline of
any consequence. The bulls are advising
their friends to buy cotton at present
prices.
Apprehension regarding the census re
port to be issued Friday, December 20, at
9 a. m.. are in much favor of the bull, as
the argument is that this report will show
figures around 400,000 bales ginned from
December 1 to December 13, and it Is be
lieved the market will be in a waiting
attitude until after its publication.
A general buying movement prevailed
during tiie last hour of trailing, resulting
in a. quick advance, prices regaining most
of the early decline. At the close the
market was steady, prices showing ir
regularity. ranging from unchanged to 3
points oft' to 4 points higher than the
final quotations of Saturday.
RANGE IN NEW YOEK FUTURES.
c 1 ■ ■ I • -v . o
ci h o ;
Dec. ’ 12.85 12.85J2.72 12.72:12.73-74 12.74-75
lan. 12.88 12.90112.75112.79:12.79-81 12.77-81
I Feb 12 80-82 12.81-83
I Meh. 12.99 13.00j12.83|12.87 12.87-88 12.90-91
J April 12.87 12.89-91
. May 12.98 13.00.12.85 12.89 12.89-90112.90-91
i June 12.82 12.87-90
July 12.9312.95112 7P 12.83
\ug. 12.80 12.81 1.2.70 12.75; 12.71-71 12.75-76
Sept. 12.19'12.19112,1.0 12.10 12.14-15'12.10-12
Oct. 12.04 12.07 11.97:11.!*8 ! 1.99-12'11.97-99
Closed steady.
Liverpool cables were due to come 1
point lower on October and 1 to 2F> points
1 higher on other positions, but the market
) opened steady ata net advance of Vj to
12 points. At 12:15 p. in., the market
I was firm, at a net. advance of 3 to 5
I points, generally 5 points higher. Later
i cables were 1 point higher than at 12:15.
p. m. At the close the market was barely !
steady, with prices a net advance of Vi I
t<» 3’ 2 points to Vi point lower from’ the 1
final figures of Saturday.
Fair business doing In spot cotton at 3 !
points advance; middling 7.18 d; sales 10,
000 bales, including 8,500 American; im
ports 22 000 bales, all American.
Port receipts are today estimated at
. 50,000 bales, compared with 56,498 last
week and 71.286 last year, against 63,478
bales the year before.
RANGE IN LIVERPOOL COTTON.
Futures opened quiet and steady
Opening. Prev.
Range. 2 P. M. Close. Prev.
! Dec. . . . 6.91 -6.90 6.93 6.89 6.89
: Dec.-Jan. 6.89L,-6.91 6.91 Vi 6.88 6.87V6
Jan.-Feb. 6.87-6.91 V 2 6.91 L. 6.87 - 6.81 L
Feb.-Meh. 6.87 ’ 2 -6.88 l z 6.90 Vi 6.86 6.85 L.
Meh.-Apr. 6.86 -6.88 Vi 6.89 1 2 6.85% 6.84
Apr.-May ' 2 6.8414 6.83
May-June 6.84 -6.87 6.87V 2 6.81 6.82
June-July 6.82 -6.85 6.85 U 6.82 6.80
July-Aug. 6.78L-6.81K’ 6.83 “ 6.79 6.77
Aug.-Sept 6.69 -6.716.61‘ 6.67
Sept.-Oct. 6.50 -6.53 Vi 6.54 6.51 L 6.48
Oct.-Nov. 6.45 -6.46 6.47 6.41’/i 6.42
Closed barely steady.
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, Dec. 16.—Liverpool
cables and quotations show the develop
ment of a strongly bullish feeling and
tendency. Futures there were about 7
points higher than due; spots 3 points
higher. Cables report McFadden a large
buyer.
Our market opened 5 to 7 points higher
and soon showed a gain of 10 points. The
coming census report is conceded a de
cided advantage to the bull faction, and
there are no sellers except longs selling
out at times to secure profits. New York
advanced to 13c for March and May and
there was the usual reaction from realiz
ing at the round figure, but in the face
of further acute weakness in the stock
market the market absorbed this selling
rapidly.
Spots are quiet, but not showing the
least pressure to sell. An improvement in
the demand is expected in the next ten
days, as 1 >ecember export commitments
have to be filled.
RANGE IN NEW ORLEANS FUTURES,
[cl £ I U• ! ® I
Isl s l rliil I
i )ec. 13.06:13.06 13.03 13.05 i 13.97-98113.00-02
Jan. 13.13 13.13’12.99112.99 12.99-13 13.06
Feb. 13.01-03 13 07-09
Meh. 13.15 13.17 13.03 13.04'13.04-115'13.09-10
April 13.06-08 13.11-13
May 13.20 13.25 13.10 13.10 13.10 13.16-17
June 13.13-15 13.18-20
July 13.29 13.32 13.17 13.18 13.18-19 13.24-25
LL’i J‘t"' F 2.07 12.03 12.03 12.03-04 12.02-03
Closed steady.
SPOT COTTON MARKET.
Atlanta, steady; middling 13U-
Athens, steady; middling 13c. . .
Macon, steady: middling 12V8-
New Orleans, firm; middling 13c.
New York, quiet: middling 13.20.
B<-stoii, quiet; middling 13.20.
Philadelphia, steady; middling 13.33.
IJverpool, steady; middling 7,18<1.
Augusta, steady, middling 13L.
Savannah, steady; middling 12"4..
Norfolk, s'eady; middling 13c.
Mobile, steady; middling
Galveston, firm; middling 12 13-16. i
Charleston, firm; middling 12Vy.
Wilmington, steady; middling 12 1 ?.
Little Rock, firm; middling 13 1-16.
Baltimore, nominal; middling 12 7 *.
Memphis, steady: middling 13’s.
Si. Louis, firm; middling 13L.
Houston, . sady, middling 12' ~
Louisville, Hrm; middling 13’ H .
PORT RECEIPTS.
The following table shows receipts at
’he ports today, compared with the same
day last year:
New Orleans. . . . 10,200 4*959
Galveston 21,373 15,961
Mobile 2,065 2,337
Savannah 6,336 17,823
Charleston 1,746 1.236
Wilmington 1.097 4.522
I Norf'oil. 2,998 5,864
| Boston 398 269
Pacific coast .... 16,493
Puri Arthur 721
5,887
' 67.241
COTTON MARKET OPINIONS
\ \o”« n c. ''o “Wt- •■iiitinue to
jiat Lit- fiiiti will work 1 gh>"
Miller Co.: "We think it inadvisable
10 follow advances at this tim» “
Hu"den. StoTif: A "No <lt -line is
• Apected and general opinion is in favor
•jf materially higher prices ultimately.”
1 Logan Bryan; “It a situc liuli
nr’s’ be vciv ••losolv.'*
STOCKS GO 00 OH
READING RULING
Dismissal of the ConspiracV
Charge Causes Leading Is
sues to Score Gains.
By CHARLES W. STORM.
NEW YoRK, Dee. It> -Weakness ruled
in tiie railroad shares at the opening ot
the stock market today, /‘anadlun Pacific
losing 3 points on first sales and Reading
dropping 2',from Saturday's final. Tliere
was a bearish feeling among the traders J
'over the imemdiate stock market out-!
| look ami speculators hesitaled about bu\-
ing in the face of a possible adverse de- 1
elsion in the Minnesota rate ease, which
was expecten to come from tiie supreme
court during the day.
Among the declines In addition to those
mentioned were Amalgamated Copper
American Smelting Atchison Bal
timore and Ohio ’a. Consolidated /las
an.l United States Steel common ■>.
Southern Pacific soon joined the down
ward movement and after fifteen minutes
had lost from Its opening pt-tce.- Amer
ican Telephone ami Telegraph was one of
the few specialties which ranged liighir,
opening up. California Petroleum also
declined ■%.
Prices continued their downward trend
in the late forenoon. Reading led this
movement, failing to 15S 3-4. a net loss of
4H points. Consolidated Gas. Smelting
and General Electric declined points
and losses ranging around 1 point were
recorded In Union ITieitic, United States
steel common, (’tali Copper, Vnite/I States
Rubber, American Can and California Pe
troleum. Fractional recessions occurred
In Lehigh A’alley, Atchison ami Amalga
mated Copper. Call money was steady
at 4 3-4 per cent.
A slump of 71-, points was caused in
Reading during the afternoon session by
the supreme court decision in the an
thracite trust suit. Reading is one of
the heaviest coal owners among the rail
roads and was hit hard by the decision.
After selling down to I'./’>. the stock rallied
on supporting orders.
Strength in Reading was the feature
of the last hour’s trading. Reading ad
vanced to 167%, or 4’, above Saturday’s
final, and 11% above the lowest range of
today. Union Pacific was active and ad
vanced about 4 points. The list was
strong. After reaching 156 Reading
started to advance and soon recovered its
loss. At 1:30 It was selling at 165. or »
points above the lowest price of tiie day.
The market, closed steady; governments
steady; others steady.
■Stock quotatlons:
Last Clos. I 'i. v
STOCKS —[High Low.’Sale. Bld. <T c
Atnal. I'opper 74'. 7n'.. 73', 72%
Am. Ice See. I<J%! 13'j. tn , lb % |S'’ ;4
Am. Sug Ref. 116%T1K 11/’,% I.lf,lit;
Am. Smelting : 70% (i6', 2 70',, 70 % 69%
Am. Loconto. . 41 40 11 II 4,
Am. Car F/ly.. 54% f. 3%: 54% f,9' s 5U‘,
Am. Cot. Oil . 55%: 54%, 55 ’ r„-,
Am. Woolen .. ....' .... .... 211..
Anaconda .... 39 37 39 :;x 37%
Atchison IO>;%-RI4% 106 105%
A C. L|137%;137 1137% 137', 137
American Can 1 29%| 27% 29% 29'. 2H
do. pref. ..Tl4 112%h;4 111 '113%
Am. Beet Sug.. 50 43 50 50 -48'..
Am. T. ami T. 139% 139 :139 ;l3:/‘..> 13!'
| Am. Agrtcul I 1,5
; Beth. Steel .. 36 34 35% 35'.. 34%
,H. R. T 88', 87 88', 87% 87%
B. and 1t104% 11’2% 101% 104 T 03%
H'an. Pa/’itle .. 256', 253% 256 255% 255%
Corn Products It 13% 14% 13% 13%
C. an 1< ' 79 76' 2 79 78% 78
Consol. Gas . .1311 130% 1.3:1 139 438%
'em Leather 27% 27 27% 27% 27%
Colo. I', and 1. 33% 33 33'.; 34 33%
Colo. Southern! .... .... ... < 34 j 33%
D. and 11. ... 164 161 161 104', 162
I>en. and it. G. .... ....' .... 19% i 20%
Distil. Secur. . 21% 20%, 21% 81% 21
Erie 31% 30 • 31% Si % 31
do. pref. .. 49 47% 49 •19 48%
Gen. Electric l8O%,17:i ISO',, 180'’.180%
Gohltiel/I Cons 1% 1%
G. Western ..17 1.6% 17 16% 16%
G. North., pfd. 134% 132% 134% 13'% 134
G. North, ore. 41% 40 41 % 41% 41%
hit. Harvester .... 1.11 10s
111. Central ... 18 17 18 17 17',
do, pref. .. 61%: 58% «]%
lowa Central 10 10
K. e. Southern 25% 25%. 25%' 26% 26
K. and T .... 26% 26%
do, prt'e’ .... 60 59%
L. Valley. . . 168'.A165% 167% 169 167
L. ami N. . ~140 138 140 140 l,'!:i%
Mo. Pacific . . 42 10 42 41 % II
N. Y Central 108% 106 %.11'8'.. Ins % lu7'..
Northwest. . . 135% 135', 135', 135%'!35
Nat. Lead . . 55- 55% 55% 55% 54%
N. anti W. . . 112 111%112 112% ill'.
No. Pacific. .121 lix% 120% 120% ll’.'
". and W. . . 3n'■ 30% 31% 31%
Pennl2l% 120'% 121% 121% 120%
Pacific Mail 30 29%
I’. Gas Co. . . 1H.%!1.11% 111 %I 11 110'4
I’. Steel Car . 34 3 1 31 31% 341..,
Rea.ling . . .168 158% 167% 167% 163%
Hoell Island . 23% 22%. 23% 23% 22%
do. pfd.. . . 43 12% 42% 44 43%
R. 1. and Steel 25 I 25
do. pfd.. . . 85%’ 84 84% 84% 84%
S. -Sheffield. .’ ...J ’43 43
S/>. Pacific. . 108% 105% 108 106% 107%
So. Railway . 27% 27 27 % 27% 27%
do. pfd.. . . 80 79% 79% B'l 80%
St. Paul 112% . toil'/,;112 % 111 % 110%
Tenn Copper 37% 37% 37% 37% 36%
Texas I'a/ itlc., 22% 22% jgL. 22'% 22'-
Third Avenue ' 35% 35
Union Pacific 151"., 153% 158', 158% 155%
U. S. Rubber 63% 61 A, 63% 63% 63%
Utah Copper . 57% 54% 57',; 56", 56
I'. S. Steel. .' 66% 63% 66% 66% 65%
/10. pfd,. , .10:1"/ 108% 101.5, 109% 108%
V /' I'hem. . 43 12 42', 42% 43
West. Union . 73 72% 73 73 72%
Wabash. . . .1 4 4 4 4 1
do. pfd.. . .; 13 13 13 ’ 13% 13
W. Electric . . 77%’ 75 77% 765, 73
Wls. Central .... 4:1% 19
AV. Maryland] .... ... .... 50 60%
Total soles, 912,000 shares.
MINING STOCKS.
BOSTON, Dec. 16. North Butte, 31%;
Greene Cananeu, 8%; Dake /'upper. 24,
Calumet Arizona. 67%; Mayflower, 15,
METAL MARKET.
NEAA' YORK, Dec. 16. .At tiie metal
exchange today copper was weak; other I
commodities quiet and steady; copper,
. spot and De/ ember, 13.25 bld; January lo
March, 16.254416.75; tin, 49 604 t 49.87 % ;
lead. 4 254t4.30; spelter, 7.204/7.4"
LIVE STOCK MARKET.
CHK'AGit. Dec to, Ilogs Receipt/,,
38,000. Market weak; mixed ami buteli
ere, 6.9(0/7.35: good heavy. 7.20H7.40;
rough heavy. 6.H7P7.16, light, 6.90417.25;
pigs, 5.154/6.80: bulk. 7.13'//7,35.
Cattle Receipts, 40,000. Market lot/ !
.!5c lower; beeves, 6.254/ 10.50; cows ami |
heifers, 2.754t8.25; stackers and feeders,/
5.00///-7.60; Texans, 6. ‘ )'<i 8 50. calves, 8,75
(fl 10.25.
Sheep ■ Receipts, 60.000. Market 104/ 15c
lower; native and Western, 3.25®4.90;
iambs, 6.20/4/8.10.
NEW YORK COFFEE MARKET.
Col Tot! quotations:
I Opening. ; <’losing. ~
January 13.30 13.38<//13.40
‘ February!3.4"% 13 50 13 484/ 13.5'
March 13.71 13.734/ 13.74
April 13.75 13.83”'| 13.84
May 13.:’0 ; 3.934/13.:, 1
June 13.954/: 13.98 13 994/. 11.00
Ju1y14.024/14.07 14.064/14.07
Augustll.os 14.114/1». 12
Septemberl4.l3 14.164/: 4.17
1 •’/•toiler 11.144/ 11 .1 It. 164/ u is
November 14 14 4/1 4.: t' 1 4.164/ I!. 18
Decemberl3.3' '// : 2 il'</ 13.33
I’losed steady, bait s, 34.W0 bags
NEW YORK GROCERIES.
NEW YORK. Dre. I/!. Coffee stea/iy; I
No Rlosp.it :• II!'", ilomes lie ordinary
'* prime 1%'c.,-,. Mo/as '-s, .Now (/rival s
o)ii..!i kettle ' ’SO. Suga:, ran .-"adv
/■enirifugal '.05, rnuseovado 3 55. moiassOs
'ug/ir .::/•, refined quiet; .stumla/.i gran
ulated ’ !■•'.. cut !• .•"' 5.7.1, eruslic'l s,i">,
mold \ cubes 5.15, powdered 5.0"
''iiamond A 1.90. /■/.lit.-eti.•: . /■- 4.76. v..
11 »:*■. \ - /, • »‘n n* ' i i. ■ ,
(ATLANTA MARKETS||
EGGS—Fresh country, candled, 33@35a. !
BUTTFH Jersey and creamery. In 1-lb j
1 Mocks, LbfjlL U; tresh. country, dull, 15(« j
! 20c.
DRESSED POULTRY—Drawn. h*ad !
and feci on, per pound: Hens, IG'&lTc;’
tries, rosters. St? 10c; turkeys,
owing to fatness,
LIVE POULTRY liens. ;;;></•• roost
ers. 25'fl’20c; fries.
25c; puddle cinrks.
35'qM0e; ge<*se, sO'h'6Gc cacu: turkeys, ow
ing tu fatness, Kij-TSe
FRUITS AND PRODUCE.
FRVIT AND VEGETABLES --Lemon*. |
fancy, $5.50pT.|)0 per box; bananas, LU*'? ! :
per pound: cabbage. 1.50 pound; pea
nuts, per pound, farcy Virginia 6 : a'tlTc.
< lioice. aD.'dOe: lettuce, fancy. I." -,
choice ?1.255j)1.50 per crate: i»eets,
[ 3 per barrel: cucumbers. 75c&$i per crate, j
I Irish potatoes, 90c@1.00
Egg plants, ‘ ?2si>2.ou per crate, pepper,!
per crate: tomatoes, fancy, six
crates. s2.oo'</ 2.50; pineaiqJvs. $2.50
'fzl.'.Ta per erut* ; onmns, Tocrujil per bin-h ,
sweet potatoes, pumpkin \atn, 40^-50 c per
bushel.
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield hums. 10 to 12 pounds average,
Cornfield hams, 12 to 14 pounds average
Cornfield skinr.el Lams, 1G to 18 pounds
•ivvrago, IXI4C.
Cornfield pickled pig’s feet, 15-pcund
Cornfield jellied meat in 10-nound dlnnei
nail, IL'Uc.
Cornfield picnic liarns, G to S pounds av
erage. I|I 2 C
Cornfield breakfast bacon, 24c.
Grocer style bacon (wide or r,arrow)
Cornfield fresh pork sansag ' p\ 01 !
bulk) 25-pound buckets. 12’. e
Cornfield frankfurters, lo pound buck i
ets. average, 12c.
Cornfield bologna sausage, pound I
boxes, lie.
Cornfield iuncVeon hams, 25-pound 1
boxes. !3’ 2 e. !
Cornfield smbked link sausaee 25- '
pound boxes, !oc.
Cornfield smoked link r'lusage in pickio
.»0-pound cans. .M. 73.
Cornfield frankfurters In njrkie, 15- I
pound kits, $1.75
Cornfield pure lard, tierce bask;.
Country style pure lard, bO-puund tins,
Compound lard (tierce basis), £ ic
D. S. pxD-a ribs, 11'hr.
D. S. Rib bellies, medium averoge, 12 4 c
D. S. bell’e.'-. Ught nver.w, 1
FLOUR AND CRAIN.
FLOVR Postell s Elegant. tl iiO; Dine,
ga, $7.50; Carter's ‘best). $7.00: Glut if.
(self-rising), $H.25; Victory (finest pat
ent). $6 40; I • atnond (patent), 58.75;
Mom.gram, «G. 00 Golden (.ram, .‘>5.50;
raultless, finest, $6 25; Home Queen
(highest paiput). $5.75; Puritan (highest
patent). $.>.75. Paragon (highest patent),
$5.75; Sun Itise (half patent), $5.25: White
Cloud (highest patent}, $.5.50; White Lily >
thigh patent), $5.50; Whit.’ Daisy. $5.',();
Sunbeam. $5.25; Southern Star (patent),
$5.25; Ocean Spray (patent). $5.25; Tulip
(straight). 1.15; King (’mton ‘half pat
ent), $5.00; low grade, :’Bdb sacks. £4 00
’•'»lt.\ Choice ted cob, 7.'L-: Tennessee
white. 73c; choiee yellow, 73c; tracked
corn. 75c.
MEAL Plain 1-i4-pouml sacks, 7lc; 96-
pound sacks, 72c; 48 pound sacks, 74c; 24-
pourni sacks, 76c; 12-pouml sacks, 78c.
’ ».\'l S Fancy clipped, Me; No. 2 clipped
So< i'ofic.' white, 19c; No white, 18c;
No. 2 mixed, 47c; Texas rust proof. 65«
Oklahoma rust proof, GOc; Appier. 75c;
wintei grazing. 75c.
COTTON SEED Al EX I, Harper, S2B;
prime, S2B; erramo feed.
*’< vi 'jon SEED HULLS- Square sacks.
$12.00.
SEEDS—(Sacked): Wheat Tennessee
blue stem, $1.60; German millet. $1.65: am
ber cane seed, $1.55; cane seed, orange.
$1 50; rye ( Tenne <<■«). $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 $ 1.25.
HA Y I’er hundredvvelghi: Timothy, '
Choice, large bales, $1 40; No. 1 small, i
$1.35; No. 3 small, $1.1.5; Timothy No 1
clover mixed. Si 15; Hover hav. $1.15; al
falfa. choice. $1.40; N-> i. $1.35; wheat
straw. 70c; Bermuda bay, 85<\
FEEDS! UFF.
SHORTS White. 100-lb. sacks, $1.85;
Holliday, white. 10-Ib. sacks. sl.’io; dandy
middling. 100-lb. sacks. $1.85; fancy 75-lli.
sacks. $1.80; P. W , 75-lb sacks’ $1.70;
brown, 100-lb. sa. ks, SI.6U; Georgia fe<»d,
75-lb. sacks, $1.65; bran. 75-lb sacks,
$1.10; 001-lb. sacks. SI.:G; Hoineclotne,
$1.60: (term meal. $1.60.
CHICKEN FEED- Beef scrapn, 50-1 K
sacks, $1.90; X'ictory baby chick, $2.05;
pigeon feed, $2.25; Purina pigeon feed,
$2.25; Purina scratch. 100-pound
$1.90; VI. tun, Scratch, 50-lb. sacks,
wheat, 2 bushel b igs, per bushel. $1 40:
oyster shell. 80c; Ton ina, pigeon feed. $2.35
special scratch. 10-lb. sa< ks, SI.BO.
GHorND FEED—Purina fe. <”!, 100-lb.
sacks. $1.75; 175-lb. sacks. $1.75; Purina
molasses feed, $1.70; Arab feed, $1.70;
Allneeda feed, $1.65; Suvrefie dairy feed,
$1.50; Universal horse meal, $1.30; velvet
feed. $1.50; Monogram. 100-lb. sacks, $1.60;
Victory horse, feed. 100-lb. sacks. $1.60;
A. B. <’ feed, $1.55; MUko dairy feed’,
$1.60; alfalfa molasses meal, $1.75; alfalfa
meal, $1.50; beet pulp. 10-lb. sacks, $1 60
GROCERIES.
SUGAR—Per pound, standard granu
lated, 5F 4 ; New York refined, sc; planta
tion. 6r.
COFFEE--Roasted (Arbuckle’s), $25;
AAA A. $14.50 in hulk; in bags and bar
rels. s2l; green, 30c.
RICE Head, 4 LCq GHc; fancy head, 5%
(P 2c. according to grade
LARD- Silver leaf, 12’4c per pound;
Scoco, 9c per pound; Flake White, 9c per
pound; Cottolene., $7.20 per case; Snow
drift . $5.85 per case.
CHEESE Fancy full cream, 20c.
SARDINES Mustard, $3 per case; one
quarter oil, $3.
SALT -One hiKi'Pel rounds, 52c; salt
brick (plain), per rase, $2.25; salt brick
(medicated), per rase. $185; salt, red
rock, per cwt . $1.00; salt, white, per cwt
90e; Granacrystal, case, 25-lb. sacks, 75c;
salt ozone, ner case, 30 packages, 90c; 50-
lb sacks. 3ve: 25 lb. sacks.
MIS<’ELLAN EOTTL »/c.-rgra ranr scr
ap, 38c. axle grease, $1 75; soda crackers.
7 : .c per pound; lemon crackers, s■•; oys
ter. '/■'•: tomatoes (2 pounds), $1.35 case;
f,
| Credit for Commerce
'T'HE (’lll lEF FUNCTION OE THE
* ATLANTA NATIONAL BANK’S
$ sound banking system, is to provide
y credit for worthy commercial enterprises
>' and industrial development.
p doling business concerns with ambi-'
lions to grow into important commercial
factors, and enterprises that anticipate
■ the need of additional funds for the de- ;
1 velopment of their several businesses,
arc invited to open accounts with this
old reliable institution, which is always
willing to lend its customers financial
assistance to the very limit of their bal
j ances and responsibility.
| Atlanta National Bank
I Resources OVER $10,000,000.00
ig s , 4
QAR3Y AOV„ ATLANTA
■rnOING
■ WET
Shorts Cover. Holding Market
Firm to Meet Issuance of
Government Report.
ST. LOUIS CASH QUOTATIONS.
Wheat No. 2 red 107M-@UO
<’orn 46 -
Oats 33
<llh'A<;<» Dec 16. The largest, local
ITofessionals were on the selling side of ;
' wheat early today ami although Decepr- j
1 i" r opened at 84\ It soon dropped to ’
Ma' iml Julj showed losses of Vs
•o w as compared with. Saturday’s rest
ing spots. \\ . rid’s shipments were larger
than look ■! for at 11.160.U00 bushels, and .<
there was a decrease <ui ocean passage, of
3,233,000 bushels, wh'ch partially offset •
the larger world’s shipments.
Corn was unchanged to lower on the
bearish reports from Argentina, the low
est cables ami the Increased offerings
from the Southern hemisphere.
’ >ats were a shade lower to a shade |
higher. 1
Hog products were "ff sharply on heavy
svllin* s hy longs and the cutting out of
short lines. This, too, in the face of a 1
steady b<»g market at. the yards.
Wheat closed at an advance of }fec to
■tc with sharp buying by shorts during
im- last fifteer minutes of the session.
i wlieii Hie . fferings dried up in a most
j remarkable way. The eash wheat trade
1 here wa> better on both domestic and |
export acomnt ami th- handlers of thia 1
' vrain reported an increased inquiry from
I many sections < f tiie country. Sales here S
hum-unfed to 95,00) bushels tor the day.
('••rn closed with gains «»f to %c 1
! anb '-ats were about ‘ s c Letter.
Hog products wer» sharply lower all
around. j
CHICAGO GRAIN MArtKBT.
Grain quotations:
lT»vluu» J
Open High i.o't Close. Cluse. ■
WHEAT— '
Do.-. 94% 84% 84% 84% 84'.. 'fl
Mav 89% 89% 89% 89% 89% ■
Jul. M % 86% 86'.. 86% 86% %]:
I 17%: 47% 47% 47% 47% I
Mat 'B% 48'- 48% 48% 48% J
Jub '/'% 49% 48’,. '9% 49 3
OATS -
I 3'2 32L a
Mh\ 32\ 3Lv* 32I** 1 ** 1
Jill- 33 3*!L 33 23’4 33 ]
PORK -
Dec 17. c |7.h.i 17.00 17.00 O
Jan rs. I 18. r 18.00 1.8.47 u. |
M’y 18.27’v. 18.30 18.05 18.05 18.45 ’ I
LARD—
D<.’ 10.50 10.50 10.;/. 10.37 U. 1
Jan lO.L’t. 10. IL’-. J.92i„ 9.95 1
M v 10.02 U 10.0.5 9.85 “ 'j.B7’ 2 10.05
RIBS -
Jan 9.80 9.5’0 9.75
May 9.77*2 9.779.629.67» 2 '
LIVERPOOL GRAIN MARKET.
Wheat opened %<1 lower; at 1:30 p. m. I
the market was %d 1< wa r. (Hosed %d to j
%<l lower.
(’oin opened L<! lower; at 1:30 p. in. I
the mai kei was :? - K d lower. Closed to |
:; Hd lower.
CHICAGO CASH QUOTATIONS.
/■l'li'AG", Dee 16 Wheat, No. 2 red,
1.04'0 1.06. N<> 3 red, 96fa1.00; No. 2 hard
wintei. No. 3 hard winter,
No 1 northern spring. 87’ 4 / 'uß7%; No. 2
’northern spring, 86'0 87; No. 3 spring, 84
-'O/85.
(’orn, No. 2 yellow, No. 3,
• a 16’ 4 ; No. 3 white, 45-’ ; 4 <a46; No. 3 yel- I
j low, IS’ - t 'a 46'..; No. 4, No. 4
white, lin.v/laL. No. 4 yellow, j
< »ats. No. 2 .white. 3D 2 -'u 35: No. 3 White.
32 X 4'(33L: No. 4, No. 4 white, 30@
32Lu Standard,
PRIMARY MOVEMENT.
J . ■ - ~- T •
WHKAT-__ _ 1912 _t 19U
Receipts2,2Bß,ooo 893,000
Shipments 474,000 1 225,000
.J?! x ~ 1
H"e/.|pts . ' _ 1.99X.U00 i 877.000 j
Ship/>!♦• uts . . 288,(1007 865.000
VISIBLE SUPPLY CHANGES.
Following shows the weekly visible sup*
ply changes In grain for the week:
Wheat, increased 121,000 bushels.
<’.orn, increased 547.000 bushels.
Oats decreased 877,000 bushels.
1912 G!?AIN CROP, AT
MARKET PRICES. IS
VALUED AT BILLIONS
Washington, Dec. 16 -a report is
sued today by the crop reporting board
<>f tb<- department of agriculture esti
mates the acreage production and value
(based on prices paid to farmers on De
cember 1 > of important farm crops of the
United States in 191.2 as
»’orn, 12912, 107,083,000 acres, 3,124.746,- '
000 bushels pr xiuc.tion, 4.8.7 cents per
bushel; value, December 1. $1,520,454,006
farm value.
Winter wheat, 1912, 26,571,000 acres,
3JJ.919,000 bushels production; 80.9 cents
per bushel; value, $323,572,000,
Spiing wheat. 1912, 191.243,000; 330,348,-
000: 70.1 rents; *231.708,000.
All wheat. 1912. 45,814,000; 730,267,000,
76 cents; $555,280,000.
Oats. 1912, 37.917,1’00; 1,418,337,000; 31.9
cents; $452,469,000.
Barley. 1912. 7.530,000; 223,824,000; 50.5
cents; $112,957,000.
Rye. 1.912, 2,117,000; 35,564,000; 66.1;
rents; $23,636,000.
17
