Atlanta Georgian. (Atlanta, Ga.) 1912-1939, December 16, 1912, HOME, Page 17, Image 17

Below is the OCR text representation for this newspapers page.

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. V.'-at have you lost? Try a tkree-tlme •« i .he "Lost and Found” columns of The Georgian and recover your article!. j=r-=====ll —ir==ll lt==p ' ESTABLISHED 18M U A Safe Bank In addition to excellent facilities and the best of banking service, this bank assures the absolute safety of deposits by absolute conservatism in the administration of its affairs and by its great financial strength, rhe following figures represent its “De positors’ Protection:” = Capital sl, 00,'00.C0 ~ Surplus 1,000 00 ’.OO Stockholders’ Liability 1,000,000.00 Undivided Profits 282,500.00 Total $3,282,500.0 j -» Xu Depositor could lose a dollar through “■ this bank, without the bank losing EVERY DOLLAR of the above. Isn't such a bank deserving of your business? i Lowry National Bank p OF ATLANTA r.- u- h il ir==l 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