Newspaper Page Text
I
Tire ATLANTA GEORGIAN AND NEWS.
15
REAL estate and
CONSTRUCTION NEWS
Scattering Sales
Net $17,73,0 Total
Aesley Agency Reports Good Busi
ness-Several New Buildings
Soon Ready for Tenants.
>dlv
riostlay's real estate announce-
Imluded sale? aggregating
i The properties involved lots
irne avenue, lots in the Davis
-ion. on Broad street, in Ans-
rk. on East North avenue and
,, i ’ odniont Heights.
r sales were made by the Edwin
• \nsiev real estate agency. A lot
,> [ X. Snook estate on Cleburne
t'openhill, was hold to Dr. F.
ton for $3,280. A lot in t lie Du -
. ibdivision belonging to B. 4.
■ s. Jr., was purchased by Lucy F.
H-'.'v.-ird for $2,000. A house and lot
Beard street was bought by
\| Ingram for $1,400. Lot 16, block
\nsley Park, was conveyed to
H M. Carlton for $2,360. The latter
o b\ Ross Terry, who acquired it
irade of a house and lot at No.
< Vast North avenue, the properly
, Mr. Carlton, valued at $5,000.
\ lot at No. 25 Piedmont Heights
r, . -old to Mrs. L. C. Watson for
t;; ,00. The D. A. Bland property,
lock 31, A ns:ley Park, was sold
• i pay C. Winter for $2,200.
Tc Change Building.
Mthough application for a building
tor the C. H. Black building
- the corner of Whitehall street and
Trinity avenue was filed with Build-
,q- inspector Hays two weeks ago,
T pin ns have just been given him.
He will suggest several changes con-
cerning-flre escapes and the elevator
shaft. The building will be four
stories and will cost about $30,000.
Jack ’ Smith in Lease.
Jasper Newton Smith, of “House-
rhfit-Jack - Built ’ fame, has leased to
B. E. Humphries the second and third
stories of nis building at No. 135 Ivy
street for a term of five vears and on
aggregate price of $12,000. The lease
was handled by C. G. Aycock, man
ager of the renting department of the
Charles P. Glover Realty Company.
This is the second lease Mr. Smith
has sold in ten days, the Rachelors
Domain, on North Pryor street, hav
ing been taken last week for kpart-
ment house purposes. Mr. Aycock
also represented lessor and lessee In
this transaction
Mr. Smith’s best property is all now
under lease. The “House" That Jack
Built.” at Peachtree and Forsyth
streets, is controlled by E. W. Al-
friend, under a 99-vear arrangement.
Agency Active Developing.
Turman. Black & Calhoun are busy
preparing two big subdivision propo
sitions.
One is near the East Point road, on
Milton and Poe drives. Seventy-five
lots are being graded and several
houses; built. Sidewalks will be laid
as soon as possible and city water
mains installed.
The other work has been in prog
ress several weeks and is nearing
completion. Thirty-five thousand
cubic yards of dirt have been re
moved from an area of ten acres
between Lakewood Park and the Fed
eral prison car lines, in the south
eastern part of the county. Water and
gas mains and tile sidewalks will be
laid.
This agency has three new build-
REAL ESTATE FOR SALE.
HOUSES'* FOR RENT.
W.A.F0STER & RAYMOND ROBSON
REAL ESTATE RENTING AND LOANS.
11 EDGE WOOD AVENUE
FOR SALE.
\TWOOD STREET. West End. Two
lots for $900 each. All improve
ments on this street. Would exchange
for otHor property. See Mr. Brad
shaw _________ __
SOUTHWEST CORNER of Glenn and
Washington streets. A home that
ran be bought at a reasonable price.
Part \ would take a smaller place in
exchange, it' on the North Side. See
Mr. Cohen.
DECATUR—In this pretty town we
l ave for sale one of the best homes
and on one of the best streets. If
interested in something good see Mr.
Ev e.
KIRKWOOD AVENUE—One block
from the new underpass we have
some good renting property for $5,000.
Ren for $44 per month. Terms. A
g .ui future is in store for this prop-
erty See Mr. Radford. \_
INOUGH ROAD 80 acres of
good land. 7 miles from the city:
one-half in oak timber. Beautiful
building site, facing the road. Can be
bought now for $60 per acre. One-
half cash. See Mr. White.
FOR RENT.
9-r. h., 114 McLendon St $42.c
9-r. h., 737 Spring 37.1
8-r. h., 362 Capitol Ave 35.C
8-r. h., 360 Capitol Ave 35.C
8-r. h., 38 Norcross 32..'
8-r. h.. 46 Cleburne 50.f
7-r. h., 145 Summit 30.C
7-r. h.. 98 Richardson 30.t
7-r. h.. 351 Cherokee 35.(
7-r. h., 46 E. Ellis 35.C
7-r. h., 207 Forrest Ave 40.1
6-r. h., 25 S. Candler. Decatur.. 27.1
6-r. h., 15 Howard Ave.. Decatur 35.(
6-r. h., 120 Iverson ....’ 25.(
6-r h., 379 Ponce DeLeon Ave... 35.(
6-r. h.. 188 E. Merritts..., 18.(
6-r. h., 41 Colquitt 37.;
6-r. h., 180 Cameron 20.(
6-r h., 317 Houston 26..'
6-r. h., 158 Ashby 25.(
6-r. h., 138 Hill 25J
6-r. h , 368 E. Georgia 27.i
6-r. h., 43 Colquitt 37..=
6-r. h., 210 Sells 28.1
6-r. K. 61 W Cain 25.(
6-r. b.,* 291 Atlanta 30.(
5-r. h.. 52 Rogers St 17.f
5- r h.’, 175 Iverson 18.1
6- r! h.. 120 S. Mayson 20.(
5-r. h., 63 Loomis 21.(
lugs now under construction, which
will be ready for occupancy after
January 1. Leases have been male
til periods of three to five years.
The building on Peachtree neair
Linden, owned by Mrs. E. (\ S?mi$h.
will be occupied by • the Fisk and
United States T.te Companies. It is
a three-story building, with basement,
on a lot 90 by 130 fret. The con
sideration of the lease is approxi
mately $9,000 a year.
The three-story building at the
northeast corner of Broad and Ala
bama streets, owned by Mrs. A. W.
Calhoun, has been leased to sundry
tenants. The consideration is under
stood to be about $7,000 annually,
i The C. H. Black Building, at tha
j southwest corner of Whitehall street
; and Trinity avenue, will be occupied
bv the Bauknlght Furniture Compa
ny. This building has five stories and
basement. The consideration of the
lease is withheld.
These three buildings represent in
vestments of approximately $150,000.
Building Permits.
$8,500 Adair & Weinmeister. No.
33 Fairvlew road, two-story brick ve
neer building. Day work.
$600—West Lumber Company, No.
346 Smith street, repairs. Day work.
$500—West Lumber Company, Nv
!4 Dunn street, repairs . Day work.
$300—Randall Bros., No. 25 Burckel
street, one story frame dwelling. Day
work.
$300- Randall Bros.. Boring street,
one-story frame dwelling. Day work.
$3,500 L. Steadman, No. 120 Cle
burne avenue, one-story frame dwell
ing. S. W. Sullivan.
$20—W. O. Cooley, rear of No. 298
Decatur street, frame shed. Day work.
$75— Mary Clayton. No. 58 Oliver
street, addition. Day work.
$2,226—A. O. Howard, No. 123 Mar
tin street, two-story frame dwelling.
J. T. Griffin.
$3,250—R. C. Camp. No. 325 North
Moreland, one-story frame dwelling.
Day work.
$1,500—M. Selig, No. 18 Marion ave
nue, repair fire damage. S. W. Sulli
van.
$300—Dally Hinton, No. 31 Richan
.street, one-story frame house. Day
work.
$450—Mrs. Janie Parmer, No. 86
Coalman street, addition. A. D. Ham
ilton.
$175—J. M. Neese, No. 48 York
street, repair f.re damage. Day work.
$200—Barnes Bros. & Ford, No. 23
East Hunter street, change Interior.
Denton & Flournoy.
YOUR “Lost and Found” ads will be
taken over phone. Advertise for your
articles in The Georgian and have them
returned to you.
IS YOUR NAMiff In the Business Guide
columns of the “Want Ad” section?
Little ads bring big results.
HAVE YOU SOLD THAT HOUSE? A
little “For Sale” ad In the “Want Ad”
section will find a purchaser.
IF YOU HAVE MONEY to lend We can place it safely.
HOUSES FOR RENT.
HOUSES FOR RENT.
FOR RENT.
6-r. apt , 800 Peachtree street. .$60.00
6-r. apt.. 79 Orme street 21.00
11-r. h.. 319 N. Jackson street.. 50.00
8-r. h . 9 East Alexander st.. 40.00
JOHN J. W OODSIDE
REAL ESTATE, RE NTING. STORAGE.
Phones. Bell. Iv- 871. Atlanta. 618. , 12 "Real Eat..te Ro
8-r. h., 818 Central avenue $30.00
7-r h., 120 Martgttm street 26.00
6-r. h., 228 Cooper street 22.00
6-r. h., 147 Formwalt street 25.00
REAL ESTATE FOR SALE.
REAL ESTATE FOR SALE.
Choice Druid Hills Corner
JUST THE HOME SITE you have been waiting to buy at a close
figure. A large lot on one of the principal drives in this
beautiful residence section. Price $8,000; terms.
SMITH & EWING
Ivy 1513.
130 PEACHTREE.
ATL. 2865.
Xmas Present for the W ife
A HOME
$100 CASH and the balance like rent will put you in No. 324 Ormond
street. This five-room cottage, well built and in good condition, with
rife lot, is near Hill street and Grant Park; on car line; all conveniences,
including tile walks, etc. Price only $2,500.
THOMSON & LYNES
18 AND 20 WALTON ST.
PHONE IVY 718.
AUCTION SALES.
AT AUCTION
SKYE R A E CONSIGN
MENTS, INCH U D-
ING A FINE LOT OF
HOUSEHOLD FUR
NITURE FRO M
STORAGE,-CONSIST
ING OF MAHOGANY
AND OAK DINING,
BED ROOM, PAR
LOR AND LIBRARY
F U R N 1 T U R E ,
G LASSWA R E,
UTENSILS, BLANK
ETS, ETC., A LIST
OF WHICH WILL
A P P E A R IN TO-
M O R R 0 W ’ S AD.
SALE 10 A. M. FRI
DAY. DECEMBER 19.
CENTRAL AUCTION
COM PANY,
12 E. MITCHELL.
YOU WISH to dispose of your fur
niture. household goods, pianos or of
fice fixtures, see B. Bernard, or call M.
2306.
REAL ESTATE FOR SALE.
Big North Side Corner
Bargain
WE OFFER the northeast corner of North Boulevard and Angler ave
nue. 140x160 feet.
The lot lies well, is covered with beautiful shade trees and having,
besides all improvement?, tile sidewalks and an attractive stone wall.
This corner, which is the most desirable one on th* street, is only fif
teen minutes’ ride from the city by three car lines, each having a
five-minute schedule.
On this property is an unusually well-built home, costing at the
time of construction about $17,500.
The owner is anxious to sell and will consider an offer of $15,000;
terms.
Forrest & George Adair
s
Harr
B
ovlston
FOR SALE BY
Heal .viriii mdh Hmmk.
JUST OFF PONCE DE LEON AVE
NUE on Jackson street, In prettiest
block on the street, we have that
home you will like. Every convenience.
Attractive front. Extremely well built.
Owner needs money and -:ays sell less
than value. Worth 710.000. hut less will
buy It this week Submit us offer.
Terms,x> N _T OVERLOOK THIS
GR E E N E
R E A L T.' V
v O MPANY LH.JX\ l u v
Emptr»Jgut<-_^Pc22_^j^_g^ ntl _ ng - Loans Phones. lvy_8399. Atl. 1599.
NEGRO INVESTMENT
PROPERTY.
THIS is three double three-room
negro houses on lot 120x100
j feet, situated in one of the best
negro renting sections of the city
oji paved street, with ail the im
provements.
This piece of property will en
hance in value as well as being
a more than 12 per cent invest
ment as it now stands. We can
show you the rent records on this
for the past 5 years. No better
in the city. Price $4,500. Terms.
PRICES SSI S3 WHEN ills 111
FORD SUPPLY
Middleman, Not Consumer,Seems
To Be Reaping Tariff Benefits.
Figures Show Movement.
*
WASHINGTON, Dec. 17—The Un-
derwood-Simmons tariff law has in
creased materially the Importation
of foodstuffs into this country, and,
according to Secretary of Commerce
Redfleld, has unquestionably resulted
in broadening the food supply of the
United States
This deduction is drawn by Mr.
Redfleld from statistics just com
piled by the Bureau of Foreign and
Domestic Commerce, showing the
total imports in October last, the first
month Jp which the new tariff law
was in operation
These are the first official figures
given out and will be scanned won
great interest by politicians as well
as by business men and me hum b e
consumers.
Although Secretary Redfleld s
statement asserts that the new tariff
law has broadened the food supply
of the United States there is no ex
planation of its effect on the price*
that the American public is paying
for the daily foodstuffs. As a mat
ter of fact, the increased importa
tions at lower rates of duty seem to
have had no effect on the prices
charged to the ultimate consumer.
Prices Remain as High.
The Redfleld statement shows that
there has been a large increase in
the number of cattle imported into
the United States and also a large
increase in the amount of corn, fish,
beef, cream, potatoes, wheat and
other foodstuffs; yet the prices, if
the general complaints of consumers
which have recently ben pouring in
on Congress are true, remain as high,
if not higher, than they were under
the Payne-Aldrich tariff law’.
The Redfleld figures seem to raise
the question whether or not the Re
publicans were not very near the
truth when they contended that the
middleman would reap any profit that
might accrue from the new tariff la v
and that the consumer would find
himself paying as much for the
things that go into his market basket
as he did under the much-abused Re
publican protective system.
The figures compiled by the Bureau
of Foreign and Domestic Commerce
include the imports and exports fn •
the first four months of the pres n:
fiscal year.
In considering these figures it
should be borne in mind that vhe
statistics for the month of October
represent only twenty-eight days, the
new tariff law having gone into ef
fect October 4.
Food Supply Broadened.
Tt elloold be noted also that the
mon ' an i
as a fair test of normal conditions
under the new law, for there was a
large amount of goods in bond in t-ie
warehouses awaiting the more favor
able duties imposed by the new
The releasing of these goods in the
warehouses, however, would seem
ingly tend to Increase the imports
above the norma'.
“On the whole,” , says Secretory
Redfleld, “it is unquestionably true
that the food supply has been broad
ened under the. present law.
“The first thing suggested to
the thoughtful reader of the flgur '.4
will be the falling off of imports ir
the first four mo Hhs of this fiscal
year of nearly $46,000,000 as com
pared with the ame period of 1912
The flooding of our marke*- with the
alleged cheap wares of Europe has
not happened.
Express Company Is
Freed in Liquor Case
DURHAM, N. C., Dec. 17.—The
Southern Express Company and K.
A. Wilson, an employee, were to-day
acquitted of charges of delivering
liquor to others than the consignees
illegally.
The State’s evidence proved that
liquor had been consigned to William
son Parrish and that Williamson Par
rish had been at an asylum two weeks.
The defense proved there was an
other Williamson Parrish and he came
into court and said he obtained ♦he
liquor. Judge Graham ordered a new
form of blank for signing for ship
ments.
Spot Houses Buy After Distress'
Selling Was Over—Wall St.
and Ring Big Sellers.
Five Persons Hurt
In Trolley Car Crash
KNOXVILLE,. TENN., Dec. 17.—
When two cars collided on a suburban
trolley line here to-day J. Y. Con
ners. a passenger, had both legs
rushed, amputation being necessary;
Motorman Henry Roberts had his leg:-,
mangled, Motorman Donald Marrie
was seriously cut with glass about
face and his legs bruised and the two
conductors were slightly injured
A heavy fog made signals invisible
and the outgoing car passed a switch
without orders, it is claimed, when
the incoming car failed to arrive .n
time.
Pastor Will Lecture
To Pay Church Debt
Owing MacArthur
Dr. Lincoln McConnell, pastor of the
Baptist Tabernacle, will lecture Decem
ber 22 at 8 p m. on the subject, “Col
ored Folks.”
The lecture will be given to pay a
debt due Dr. Robert Stewart MacArthur.
former pastor. There will be special
music by the Tabernacle choir, with re
served seats at $1.
NEW U'RK, Deo. 17.--Although of
ferings were fairl> heavv, the cotton
market opened steady to-day with first
prices at a net advance of 1 to 4 points
from Tuesday’s close. Liverpool cables
Lad a good Tone, attributed to increased
demand from Manchester spinners and
an absence of hedge selling.
I nsettled weather was reported from
the belt with rains over the western
part.
The market acted very well* during
the first fifteen minutes in face of the
continued bearish sentiment existing
here and wldenoed its advance to 6 to
8 points. But the market/cracked wide
open after the call, under a wave of
general liquidation. There was no signs
of sifpport from the bull forces and the
larger spot houses who were talking so
confidently yesterday. The strength in
Liverpool spelled nothing and the ring,
commission houses and longs sold the
list with confidence, resulting in a
rapid decline of 10 to 13 points from
the initial quotations. On the break.
December sold at 12:50; January. 12.32;
March. 12.53, and Ma\ at 12.51.
1* urther liquidation by longs and shot t
selling by Wall stre. i forced the list
still lower duirng the -ate forenoon,
it was also believed that the South was
long on the market. The list showed
no signs of flagging until December had
reached 12.40; January. 12.26. March,
'“ 48. and May, 12.45. At the levels the
market showed a net loss of 15 to 19
points from the previous close. At these
levels spot interests started to absorb
contracts and bought freely and ap
parently there was very litt'e cotton for
sale. I here whs also a renewal of early
covering by shorts. Though this class of
buying prices recovered about 10 per
cent o f the decline.
Despite the fact that there has been
heavy liquidation and over a hundred
points decline since the last movement
-started, bull forces continue their
apathy, preferring the waiting side un
til™ ore long contracts are liquidated.
The forthcoming Government's ginning
figures to December 12, due Saturday.
December 20. is expected bearish The
report will compare with 12,439,525 hales
last year and 13.770.721 bales in Hit
At the close the market was steady at
a net decline of 2@5 points from the
closing quotations of Tuesday.
Following are 11 a m. bids in New
Jork: December, 54; January, 37;
March, 58; May, 57; Julv, 52
Following are 10 a. m. bids in New
•Orleans: December, 57; January, 67;
March. 87; May. 94; July. 94.
Estimated cotton receipts:
Thursday
New Orleans ... .15,400 to 16.400
Galveston 8,500 to 9.500 ;
Semi-weekly interior inoveemnt -
- ' | U>13. ! 1912. 1911.
Receipts ?:'.1.18 127.888 128,819
Shipments 77,575-114,3491118,820
kf*** 700,2651608.098 687,218
RANGE IN NEW VQpi^ PU r UPE^
1912.
6.300
,425
12.62 12.00 12.00 12.51'I
Jn 12.45 12.49 12.26 12.38 1
Lb i j
Mh 112.66 12.70 12.48 LJ.57 1
Ap [l 2.65112.65 12.64:12.65,1
My 12.61 '12.67 12.45ll2.56 1
Jn I i l
My jl2.56J2.61; 12.40 12.48,1
Ag j 12.26'12.26 ,2.26 12.26 1
Sp ; ! | ! n.
Uc ill.ff6j1l.78 U.Tfajl 1.78 '
Closed steady.
LIVERPOOL COTTON MARKET.
LIVERPOOL, Dec. 17. -Due 1%
points tower on July and 3 to 6*4 points
lower on other positions, this market
opened firm, at a net decline of 1% to
1 point from Tuesday’s close. At 12:15
p. m. the market was quiet and steady,
December 2% points loewr and other
positions % to 1 point lower. Eater the
market advanced 2 points from 12:15
p. ni.
Fair business doing in spot cotton at
I points decline; middling 7.1.3d; sales,
89 000 bales, including 6,200 American
bales?.
At the close the market was barely
steady, with prices at a net decline of
1 lo 4*9 points from the final quota
tions of Tuesday.
Futures opened dull.
Prev.
Dec . . .
Dec.-Jan.
•Jan. - Feb
Feb.-Mcli.
Mch.-Apr.
A pr.-May
May-June
June-July
July-Aug.
Aug.-Sept.
Sept.-Oct.
Oct.-Nov.
Oping.
. .6.83
. .6.88
. .6.82
. . 6.83
. .6.85
. .6.84
Closed barely steady.
2 P M Close. Close.
6.84 % 6.81 6.85*4
6.83 % 6.80% 6.83
6.83 6 81 6.82 %
6.85*4 6.83
6.86*4 6.85
6.85 6.83
6.83
6.80
6.77
6.64*
6.43
6.33
.6.83% 6.85
.6.,80%
.6.78 6.78Y
.6.65 6.66 V
.6.43% '
.6.33% 6.35
6.84
6.86
6.85
6.84%
6.81 %
6.79
6.66
6.44%
6.34%
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, Dec. 17. Liverpool
was encouraging this morning with fu
tures about 5 points better than due
and cables reported less hedge selling
and better advices from Manchester.
Present prices are certainly much
cheaper than Europe expected after the
developments of the past summer and
now- with a confirmed small crop-
trade is undoubtedly helped and stimu
lated in consequence.
Our market gained about 10 points in
Hie early trading and feeling continued
bullish, but the constant pessimistic ad
vices from the Northern market have
an intimidating and checking effect.
New York again this morning reports
sentiment very bearish on the ultimate
outcome, on the idea of curtailed con
sumption incidental to contraction in
the business world.
Should the Census report Saturday
confirm private forecasts around 12-
800,000 bales ginned to December 12. it
wifi help to discredit small estimates
and raise ideas of supply.
Under the circumstances much de
pends on the defense of spot holders
in the South and bank assistance. The
Census report, giving ginning to De
• amber 12. will be published Saturday.
December 20. at 9 a. m., our time. We
compare with 12.439.525 bales last year
and 13,770,721 bales in 1911. During the
period of November 20 to December 12
ast year there were ginned 585.000 bales
and 954.000 bales in 1911.
The semi-weeklv statement giving the
movement for the half week at the 13
leading interior towns is bullish.
Pressure in New York again became
pronounced after the c’ose of Liverpool
and prices here in sympathy broke to
12.75 for March.
RANGE IN NEW ORLEANS FUTURES
2
n n
No ‘Missionary Soup’
For Chinese Rebels
Special Cable to The Atlanta Georgian.
HONG KONG, Dec. 17.—The Chinese
rebc !s who threatened to k'll ail mis
sionaries and other foreigners 1 ave been
defeated and scattered by Guvernniero
soldiers, according to reports received |
here to-day, 1
I>c 12.56 12.56 12.’0 12 54-12 58-59'12 57-^9
Jn I'. 2.72'12.77'12.55* 12.69*12.68-69 12.66-67
Fb I.-- 2 72-73 12 87-69
Mh 112.91 i 12.97i 12 73 12.88 I 2 88-89 12.86-87
A p ' 12.91-93 12.87-89
My ! 13.00 13.05 12.82 12.97 12.97-98 12.94-95
Jn 12.97-99 12 95-97
Jly :3.02 13.03 12.86 13.03 13.01-02 12.96-97
Closed steady.
COTTON SEED OIL.
Opening Closing
9* pot . . .
6.6:
T Kcember
. . . J 6.70'to 6.75
! 6.6!
January .
. . .' 6.70*/6.73
6.7:
February .
. . . 6.80 0 6.86
6.81
March . .
. . 6.97 o 0.99
7 0!
April . . .
... 7.05@ 7 10
7 0■
May . . .
. . . 7 1 •'*@ 7.17
7 .9
June . .
... 7.18 @7.23
7 s:
July . .
. . . 7.27@7.29
7/M
NEW YORK. Dee 17. The ring
crowd and commission houses inclined
to sell on the call. Liverpool brokers
were the best buyers after the call.
There seemed to be some cotton wanted
end the aggressive selling ceased to
some extent during the forenoon
* • •
Pterrett Tate, of N. L Carpenter Co.,
says: "I do not think an advance whll
hold Just now and expect to see a
gradually declining market, because
there is heavy liquidation of big long
lines yet to come Another Important
faetor at the moment is the Govern
ment’s ginning report, which is expected
bearish.
• * •
Spinners are said to have called cot
ton freely late yesterday. This was re
sponsible for the sudden upturn around
noon In face of the extremely bearish
sentiment. The calling by spinners was
a signal for active buying by spot
houses, which started shorts to cover
ing. Riordan and She&rson were the
leading buyers during the afternoon,
some of which was thought to he for
spot people and other buyers, thought to
be for Wall Street operators. It is be
lieved that the liquidation yesterday
among scattered longs was heavy, which
tends to weaken the technical position
of the market However, the bearish
element are advising their friends to
sell on all rallies.
• • *
John McFadden still talks bullishly,
they say.
• • *
They say that Spencer Waters has cut
loose with a lot of long cotton. I*ake
Bros.. Hell & Co. and (larpenter have
also liquidated some long lines since
the estimate came out.
* * *
The Census Bureau will publish a.new
report when it issues in the next few
days an estimate of the amount of lint-
ers in the ginning of the crop to Decem
ber L No report on linters has ever
been made before until the final Census
report in March.
* * *
NEW ORLEANS. Dec. 17. Hayward
& Clark: "The weather map shows
cloudy over the entire belt; raining all
over the Western half; Indications are
for unsettled, rainy weather over the
entire belt, except probably fair and
colder In Northwest Texas.”
* * *
Washington reports the estimate made
in December of the cotton acreage
picked as follows:
Virginia. 48,000; North Carolina. 1,-
526.000: South Carolina. 2,701,000: Geor
gia. 5.328.000: Florida. 218.000; Missouri.
111.000; Tennessee. 872.000; Alabama.
3,800.000; Mississippi. 2.963.000; Louisi
ana. 1,128.000; Texas. 12.072.000; Okla
homa. 3,019,000: Arkansas, 2.210.000:
California. 17.000. Total, 36,011.000
acres.
The New Orleans Times-Democrat
says: “The practice of following bu’l
leads at the top and bears leads at the
bottom has become the rule rather ihan
the exception. {^Tudents of The cot
ton market are beginning to think the
•alent has lost its sense of propor
tion. In any event, the talent has been
unable to anticipate the market and
many operators now' stand aside in self-
deft nse
“Just now r the market seems td be
drawing no inspiration whatever from
the bears’ average requirement. There
are some mighty good reasons to believe
that the strain on the supply would be
felt early In the spring. If not In Jan
uary. and that raw cotton values will
advance to a level that will check con
sumption and bring it within the scope
of supply, meanwhile there being no
scarcity of cotton now. many Influences
are affecting the drift of the market.
One of these Is the outcome of the so-
called ‘cotton corner’ case, in which. In
effect, the Federal Government has sus
tained Its contention that it Is illegal
for cotton market operators to work In
concert to the extent of pooling their
interests to effect the transfer of eon-
tract cotton from New York to spinner**
away from the reach of speculative
shorts. Some months ago, while In
New Orleans, the* then United States
Attorney General WIckersham was
ouoted as having expressed the opinion
that it was wrong to “bull” cotton arid
advance Its value on the consumer, but
that if v.'as not wrong to “bear” cot
ton and reduce its cost to the consumer.
If the hands of the bull faction be tied
in New' York, then the bear operator
may look with greater confidence on
future markets.’’
STOCKS MOVE UP CEREALS RECEDE
OAI BRISK DEMAND OAI GOVT. REPORT
PORT RECEIPTS.
The following tabie shows
the ports to-day compared
same day last year:
January ..
February .
March ....
April
May
Jure
Ju’v
AvgUSt
Sepiem her
()ctobe r
November
; cembei
I 9.20
1 9.39
9.50
9 756 9.80
r 9.85
9 ‘ OftO.95
'10 03
10.10
10.12
Closed very steady, bales 10,200 bbls.
9.22(69.23
9.35®9.36
9.48 @9.50
9.62 fi, 9.63
9 71 (ft 9.72
9.80*/9.81
9.88 p 9.90
9.92® 9.9?
10.00® 10.02
10.05
9.op® 9.02
Closed steady, sales 65,250 bags.
Active Trading and Weil Sus
tained Prices Features—U. P.,
Reading and Steel Led Rise.
By CHARLES W. STORM
NKW YORK. Dec. 17.- Brisk detunnd
wag shown for a number of stocks at
ihe opening of the market to-day and
advances ranged from fractions to near
ly 2' points Canadian Pacific, which had
gained In London, on a covering move
ment. roaa \\ here, going to 218
American Telephone and Telegraph
was purchased for a gain of 1*4, which
sent the issue to 114%
United States Steel common and
Union Pacific advanced on internation
al buying. The former rose % to 56%
and the latter gained a point.
Among tiie other advances were
Southern Pacific V*. Heading U. North
ern Pacific %. New York Central
Atchison %. Erie •% and Missouri Pacific
Yew York Hew Haven and Hart
ford, after beginning unchanged, lost V
The curb was firm.
With the exception of Union Pacific
and Steel. Americans in London were
narrow. Canadian Pacific in London
was strong on covering
The most important feature during
the late forenoon was the active trad
ing at well sustained prices. There
was good buying, especially of New
Haven and American Telegraph and
Telephone. Although these issues did
not make gains, a strong tone was in
dicated The demand was more ef
fective In determining price movements
in Reading, Union Pacific and Steel,
those stocks showing substantial net
gains. Canadian Pacific show'ed a de
cline of on heavy sales Copper
declined *4 to 70.
Call money loans at 3%.
NEW YORK STOCK MARKET.
6tock quotations;
115-% 113%
. 91% 91%
27**
LIVE STOCK MARKET.
CHICAGO, Deo. 17. Hogs -Receipts
48,000. Market 5c lower. Mixed and
butchers. 7.30(f7'7.75; good heavy. 7.55
O'1.70: rough heavy. 7.20(^7.50; light,
7.30<§>7.65; pig.s 5.75(^7.10; bulk, 7.55(£p
7.70.
Cattle—Receipts 20.000. Market
steady. Beeves. 6.50(S'9 60. Cows and
heifers, 3.25(^8.15; stookers and feed
ers, 5.60(1/ 7.40; Texans, 6.40@7.70; calves
8.50@11.25.
Sheep Receipts 30,000. Market
steady. Native and Western, 3.00(^5.50;
lambs. 5.75(?/8.00.
ST. LOUIS, Dec. 17. Cattle: Re
ceipts, 2,500. Including 300 Southerns:
market steady; native neef steers. l.bOOt
10.00; cows and heifers. 4 25(to8.50; Stock
ers and feeders, 5.00'to7.50; calves, 6.00'to
11.00; Texas steers, 5.75'ft7.00: cows and
heifers* 4.003x6.00. calves. 4.26(^5.50.
Hogs: Receipts. 10.000; market 5c
higher; mixed. 7.60'o7.80; good. 7.70'B
7.80; rough. 7.35^/7.50; lights. 7.50@7.75;
pigs. 6.50(57 7.50: hulk. 7.50(to7.7o.
Sheep; Receipts, 3,600: market weak:
muttons, 3,75(to4.65; yearlings, 6.00(^7.15;
Iambs, 5.25<to7.85.
receipts at
with the
1 1913. 1
1912
New Orleans. .
15.947
13,596
Galveston.
5.760 |
21,749
Mobi’o
5,967. j
1,995
Savannah
8.462
4.836
Charleston
2,528
1.119
Wilmington . .
1.625 1
2 817
Norfolk
5.278
2,292
New York
230
Boston. ......
966
Pacific coast . . .
4.460
8.750
Various
i...........1
3.197
Total
1 50.017 1
71,547
INTERIOR
MOVEMENT.
1913. |
1912.
Houston
10,909 1
11.878
A ugusta
3.481
2.780
Memphis
8.210
5.173
St. Louis
6,549
3.448
Cincinnati
1.J08 !
1,831
Little Rock . . . .
i
74
Total.
29,257
25.140
SPOT COTTON MARKET.
Atlanta, nominal; middling 13
c. '
Atliem. st.aily;
riiddling 13**,
Macon tends n
i.idling 13 l 4
Naw Orleans, quiet; middling
13c.
New York, quid
middling 12
.90.
Philadelphia. easy; middling
13.15.
Boston, quiet . middling 1U.90.
Liverpool, easier
middling 7.
3d.
Savannah, quiet;
middling 12 1116
Augusta, steady;
middling 12
15-16.
Charleston, steady; middling
13 V,
Norfolk, steady;
middling 12 *
Galveston, quiet
middling !3
Mobile, steady;
niddlirig 13%
Wilmington steady; middling
13c
Little Hook, quip
f . middling 13c
Baltini ;e. nom»r.al; middling
)3*.
St Louis, ouiet •
middling 13-
Memphis, steady
; middling 13
Houston, steady
middling 13 1-1U
Louisville, firm.
middling 12*,
C
COFFEE
MARKET.
Coffee quotation?
Opening 1 Closing.
STOCKS— High. Low.
Amal. Cop. . . 70% 69%
Am. Agri
Am. B. Sugar
Am. Can. . . 26% 26%
do. pfd. . . 88 88
Am. C. Fdy
Am. C. Oil ..
Am. Ice
Am. Loco. . . 28% 27%
Am. Smelt. . 61% 61%
Am. Sugar
Am. T.-T.
Am. Wool .
Anaconda ,
Atchison. .
A. C. L. .
B. and O.
Beth. Steel
B R. T. . . .
Can. Pac. . .
Cen. Leather
C. and O. . .
Col. F. and I.
Col. South. .
Con. Gas. .
Corn Prod. .
D. and H. . .
D. and R. G.
Dls. Secur. ..
Erie ....
do, pfd. . .
Gen. Elec. . .
G. N. pfd. ..
G. N O...
Great. West..
1111. Cen. . ..
Interboro . .
do, pfd. . .
In. Har. fold)
M„ K. and T.
do, pref. .
L. Valley. . .
L. and N. . .
Mo. Pacific .
N. Y. Central
Northwest. . .
Nat. Lead . .
N. and W . .
No. Pacific
O. and W
Penna 103% 106**
Pacific Mall
P. Gas Co. . . 116% 116V
P. Steel Car
Reading . . . 162% 162
R. I. and Steel 19% 19 *•
do. pref. . 78% 78V
Rock Island . 13% 13^
do. pref. . 16Vi 18 V
S. -Sheffield
So. Pacific . • 86*4
So. Railway . 21%
do, pref
St. Paul
Tenn. Copper. 29
Texas Pacific
Third Avenue.
Union Pacific. 151%
IT. s. Rubber. 55
U. 8. Steel . . 56%
do. pref. . 104%
Utah (Topper.. 47%
V. -C. Chem i -
Wabash . . . 2% 2*4
do, pref. . 9% 8%
VV. Union ... 60 59Vi
W. Maryland
W. Electric
W. Central
Total sales. 151.000 shares.
Clos. Trev
Bid. Close
69% 70%
oD %
106% 106%
85%
21%
151
55
56%
104%
47%
55%
104%
46%
Wheat Condition of 97,2 Causes
Selling—Entire List Loses
Early Gain.
ST. LOUIS CASH QUOTATIONS.
Wheat—No 2 red 96
Com—No. 2 69071
Oats—No. 2 41
CHICAGO, Dec. 17.—There was little
change In the wheat market to-day,
closing prices showing fractional reces
sions for May and July, but December
was unchanged.
Corn colsed with advances of %(®%e,
and oats were unchanged to %c better.
Provisions were a shade better all
•round.
Grain quotations:
High. Low.
WHEAT-
Dec. . .
May . .
July . .
CORN -
Dec. . .
May . .
July . .
OATS—
Dec. . .
May . .
July . .
PORK—
Jan . .20.
May . .20.
LARD—
Jan . .10.
May . .11.
RIBS—
Jan. . .10.
May . .11.
89% 88%
93% 91%
80 88%
70% 70%
70% 70%
69% 69%
39% 39%
42% 41 Vi
41% 41%
97% 20.80
95 20.80
75 10.65
05 10.97%
82% 10.80
12% 11.05
Previous
Close. Close.
88% 88%
92 92%
88% 89
70% 70%
70*4, 70%
69% 69%
20.72%
20.97%
10 70
11.00
10.82%
11.07%
20.70
20.85
10.65
10.9f>
10.77 %
11 05
CHICAGO CASH QUOTATIONS.
CHICAGO Dec. 17.—Wheat, No. 2
red, 96%@97; No 3 red, 94; No. 2 hard
winter, 89%@90; No. 3 hard winter, 88%
(ft 89%; No. 1 Northern spring, 92@92%;
No. 2 Northern spring. 90^/91; No. 3
spring. 88@89.
Com—No. 2 yellow, new, 71V4@73; No.
3, 65%@66%; No. 3 white 65%@67; No.
3 yellow, old, 71; new. 66@68; No. 4, 61
@63%; No. 4 white. 62% @64%; No. 4
yellow, 61 @65.
Oats, No. 3 white, 40%@)41; No. 4
white. 39%@>40%; standard, Al%@41%.
ST. LOUIS CASH.
ST. LOUIS. Dec. 17.—Wheat—No. 3
rad 96; No. 3 rod, 95; No. 2 hard, 88%@
93; No. 3 hard, 87%@89.
Corn—No. 2. 69@70; No. 3, 67@68; No.
4. 62@64; No. 2 yellow. 70%; No. 3 yel
low. 68@>69; No. J yellow, 63%@64; No.
2 white. 69@70; .Y'o. 3 white. 67@68VaI
No. 4 white. 61%@63.
Oats—No. 2, 41; No 3, 40%; No 4,
39%; No. 3 white, 41@42; No. 4 white,
40; standard. 41%@42.
Trading was without feature in the
last hour. American Telephone sold
around 15 for a net gain of more than
1 point on the day. New York, New
Haven and Hartford went to 69 for a
net fractional loss. Steel and Canadian
Pacific held firm, while Union Pacific
gained.
PRIMARY MOVEMENT.
WHEAT—
j 1913.
I 1912.
Receipts ....
. .1 839,000
i 1.328,000
Shipments . . .
. .| 419,000
577,000
CORN—
1 1913.
| 191J.
Receipts ....
. . 2,136,000
1,329,000
Shipments . . .
. .| 389,000
441,000
LIVERPOOL GRAI N MARKET.
LIVERPOOL, Dec. 17.—Wheat opened
unchanged to %d higher; at 1:30 p. rn.
the market was %d higher. Closed %d
higher.
Corn opened unchanged to lid lower;
at 1:30 p. m. the market was % to %d
lower. Closed %d lower.
CHICAGO CAR LOTS.
Following are receipts for Wednesday
and estimated receipts for Thursday:
W’n'daj Thursday!
34 | 16
51 | - 464
124 i 80
Wheat
Corn .
Oats .
Hogs
. . .1
48.000
35.000
The New York Commercial: “The
Canadian Pacific is one of the safest
railroad stocks in the world, but the
best of anything may be too high in
price.”
The New York Herald: “The public is
apparently indifferent and the bears
very uncomfortable.
m * •
The New York American: “Stocks
that can not readily be sold short are
relatively the weakest on ihe list.”
• * *
The New* York Wall Street Journal.
“Quiet accumulation of stocks appears*
to be in progress.’’
• * *
The New York Pott: “What is more
important than the demand for stocks
from the short interest, is the dwind
ling of the sales of investment stock.”
• « m
The New York Financial Bureau
Irregular recovery in the price of
stocks eems likely to-day. The big
liquidation Is said to be complete. In
formation channels generally recom
mend Investment of a discriminating
kind. Loewis has completed his bill pro
viding for Government ownership of
telephone lines and will soon introduce
it in the House. He says the Govern
ment would make $100,000,000 a year.
President Vail, of the American Tele-
pi.one end Telegraph Company, says
the stockholders would get a bonus If
the Government decided to take over
the property of his company.”
• « *
G. D. Potter says: “Trie market
though dull had a strong undertone, due
to the large outstanding short Interest.
The rates for money are declining, and
it is reasonably certain that money will
bp plentiful after the first of the year.
Many investment issues are attractive
at prevailing prices, considering rates
for call money. I believe many issues
will score a moderate advance before we
have any decline of consequence.”
Union Pacific was strong on the face
that the floating supply is the largest
In the history of the compzvfiy.
PRICE-CURRENT GRAIN CROP.
CINCINNATI, Dec. 17.—Mild weather
has prevailed over ihe wheat region and
there is a continuation of the complaint
of the plant being too rank for this sea
son of the year. There are very few
actual reports of the plant being ad
vanced to the jointing stage from the
Southwest.
Texas reports that some of the oat
fields have reached that stage and that
generally through its grain belt the
rains have been so heavy as to keep
the cattle out of the fields and rank
growth predominates.
8.6 P.Ct, More Wheat
Sown Than Last Year
WASHINGTON, Dec. 17.—The Crop
Reporting Bureau of the Department
of Agriculture to-day esttroated the
winter wheat area sown this fall as
8.6 per cent more than the revised
estimated area sown in the fall of
1912, equivalent to an increase of 2,-
888,000 acres, the indicated total area,
being 36,506,000 acres. Condition on
December 1 was 97.2 against 93,2 and
86.6 on December X, 1912 and 1911,
respectively, and a ten-year average
of 89.2.
Rye area sown this fall is 1.1 per
cent less than the revised estimated
area sown in the fall of 1912, equiva
lent to a decrease ot 29,000 acres, :h«
Indicated total area being 2,702,000
acres. Condition on December 1 was
95.3 against 93.5 and 93.3 on December
1, 1912 and 1911, respectively, and a
t A -year average of 92.7.
December 2% points lowe rand other
The Chicago Inter Ocean says:
“Wheat bulls call attention to the de
creasing stocks in Chicago and the dif
ficulty the trade will have in replacing
them later. There is an absence or
pressure of cash takings and a scat
tered milling trade that is taking the
daily receipts.
•‘It was noticeable that a number of
the best traders were buying corn on
Tuesday’s break, some taking Decem
ber and others May. They said there
had been break enough and that all the
bearish conditions had been discount
ed.”
• • *
The Government report to-day will
give condition and acreage on winter
wheat and rye. The acreage of winter
wheat will compare w'ith 31,699,000
acres as the revised area harvested
this year and 36.570,000 acres in 1912.
The condition of the crop is expected,
to be high. December last year it was
93.2 per cent, compared with 86.6 in
1911, and a ten-year average of 89.2.
Rye condition will compare with 93.3
last year. 93.3 in 1912 and a ten-year
average of 'Q.7. Acreage harvested this
year was 2.255,000.
» * *
Bartlet. Frazier Company says:
“Wheat continues to rule within a
small range, but shows no signs of
weakness.
“Corn—It looks as thoueh we hava
had break enough for the time Deing.
“Oats -We are inclined to favor the
long side of May oats on all little set
backs.
“Provisions -Shorts seem inclined to
cover freely on weak spots, and there
is also more or less investment buying
with packers the best sellers^’
i I
! L