Newspaper Page Text
THE ATLANTA GEORGIAN.
WEIGHTED DOWN BY
CROP ESTIMATES
Times-Democrat and Miss
Giles Make About the
Same Estimates.
NEWS AND GOSSIP
of the Fleecy Staple.
Private Wire to GIbert k Clay,
New York, Dec. 23.—Liverpool at 12:30 p.
in. waa 8 to V) lower. Was doe about 3
lower. On till* basis we should open 10 to
14 lower.
Liverpool cables: “Market lower because
of selling by Egypt, eoutlueiif uud dlsap*
fiulls
* T&e disposition to follow the drift of the
market Is general, but the situation re
mains unchanged and cotton should lie pur
chased on all declines.
We hear abbot 20,000 notices are out.
Our Liverpool friends say decline.Is dui
BEARS ARE JUBILANT
Loners Diss’^ointed and Li
quidated—Bears Were
Confident.
0000300 OOOOOOOoOOOOOOOOOOO
O TIME8-DEMOCRAT O
o estimates CROP. O
O 1 O
O New Orleans Dec. 3.—The O
O Tlmes-Democrat estimate of the O
0 cotton crop for the year 1906-'07 0
O is 12,450,000 bales.
0 The estimated crop by states is: 0
0 Alabama, 1,125.000. 0
0, Arkansas. 950,000.
0 Florida, 50.000. 0
0 Georgia, 1,600,000. O
0 Louisiana. 900,000. 0
0 Mississippi, 1,500,000. 0
0 North Carolina, 600,000. O
0 South Carolina, 900,000. 0
0 Tennessee and Oklahoma, 700,- 0
0 000. 5
0 Texas and Indian Territory, O
0 4,000,000. O
0 These figures are obtained from O
0 special correspondents and are 0
0 an estimate of the actual growth. O
O000000000000000000000000O
lower, nnd think market shoold.be bought
on nil declines.
W. I*. Brow'ti estimates cotton erop at
12,340,000 bales, based on replies from corre
spondents distributed over the entire cotton
belt. Careful investigation, he says, show;
a comparatively light yield In the Atlantic
states and fair to good yield balance of the
Miss Giles’ estimate of the crop is 12,500,-
ooo.
opei
Dlfftfl
'ested
Price brokers are selling.
Journal of Commerce: The month
with an air of steady confidence nia
by sellers nnd general resignation
part of buyers. The latter are not finding
fault with conditions save In those cases
where Immediate needs nre uncovered. They
believe they will be able to tupve the great
volume of goods now under .order Just as
fast ns it comes forward, nnd their chief
fear is the one of delayed deliveries at the
opening of the season, wheu jobbers must
begin sending out their goods.
New Orleans, Dee. 3.—Liverpool at 9 down
Is disnp|M)lnflng. Was due 2 points jlowu.
New York. Dec. 3.—Heavy pressure mark
the <
jfer the eafl January touched MU" nhd
arch 10.35. followed by rallies of 3 or 4
isiluts on covering. Notices on alxiut .54,000
points on covering. Notices on aimui ih.w
bales were reported around the openlug.
Tlic New' Orleans Times Democrat esti
mates the cotton crop for the season of
1906-1907 at 12.450,000 bales actual growth.
These figures were known to the cotton
world early this moriilg. having been put
on the wires out of New Orleans
as 6 o’clock. In order that Liverpool
I use them| ‘ H -
early
could
,. TO ... .. — itt« opening, and
thereby set the pace for the American mar
kets. .....
A private wire to one of the local ex
changes says:
•*Tne Times Democrat rstltnnte does not-
Include (Inters, re packs oc other additions
of the sort, and considering that lu re
cent years they ha * * “
linn! crop figures, wm. »<• •■••••>«. *«- »-««-
strned ns licarlsli. principally on the theory
that the crop will be sufficiently^ large
to meet eonsuinptlon requirements."
The const ruction put upon this bit of In
formation in Liverpool was bearish, and
the trade acted qnlrklyr ‘ ‘ la
stated In the al*ov m
consumption of the world could be fully
met, and a scramble for cotton by the
si.Inners was useless at present prices.
— -■—*- “*•- — respousi-
The estimate consequent!’
lde for n sharp opening decline id inui c u
ter. at 12:30 being 8010 points below Kntur-
dsy’s finals for futures. The close was
barely steady, near the low polut of thi
- onreiy su-nuj, iinu
day. 6011 points low, ns compared with
Saturday.
Following Is the range In the active
months In Liverpool today. •
Open. High. Low.
December.. 4. .. .... 5.76 5.67
Jannary-Febrtmry o.to -.67 5.6.
March-Aprll o.® |.*0 5.G1
Mny-Juiie t».*3 6.,3 5.67 .
In the spot market middling .declined 10
points to
sales of 8,000 bales.
than due *.«»*-* i.'"" " »»«"•«■*
five mouths starting the session 13019
ixdnt* down, whereas 8010 points lower
nolnti
show I tig.
is lor
('aides attribute the decline to Times*
Denmcrnt estimate, lower figures having
been anticipated.
Liverpool cables: “Decline due to disap
pointing Indies of bulls, the estimate being
expected 12.0n0.0U0.’’ -
New York wires: “Think liquidation Is
over: expect an Improvement.’’
It Is said that next,to nothing is being
done In spots owing to the unsettled con
dition of the contract market.
The eastern forecast Indicates pnrtlv
cloudy weather tonight nnd tomororw with
colder weather to follow. The western
forecast Indicates generally fair weather
tonight nnd tomorrow’ for Louisiana. and
partly clotidr for Arkansas. For balance
cloudy neat her with showers probable to
morrow'. .1
ATLANTA MARKETS.
FRUIT8 AND PRODUCE.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-fire
years* experience of ed
iting markets tn Atlanta
nnd (be South has made
him a recognised au
thority In bla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Cop
Atlantl.' Coast :::
American Sugar Ref. ....
AnaroudA.
Am. SmtHing Hof.
do. preferred. .
Atchlscn. ......
do. preferred.
(jo. preierrni. ... .-
American Cotton Oil. .
Am. Car Foundry.
sir. i-«u*.
Chicago k Northw’D.
Chesapeake k Ohio. .
Jolorsdo Fnel k Iron.
Central Leather. . . .
do. preferred.
g - uirniju, m. « ni. ,
elswsre k Hudson. .
Istlller’s BecurltUs. . .
Erie
do. preferred. . . .
General Electric.
Illinois Central. . .
Am. Ice Securities.
Loutvlllo k Nashville.
Mexican Central. . • .
Missouri Fadflc. . . .
NAME OF STOCK.
Jonal Lead. . . .
Northern Pacific. . .
New York Central. .
Norfolk k Western.
Pennsylvania
People’s Gas.
rressed Steel Car.
do.
Heading .
Republic Steel. .. • . . ...
Hock Island. .......
do. prefsrred
United States Rubber. . .
do. preferred. .....
do. preferred. . .
Sloss-Sneffleld. . • •
Tcnn. Coal k Iron. .
Texas k Pacific.
Union Pacific
United States Steel,
do. preferred.
Western Union.
Webasb. . . . . .
do. preferred.
TIPS FLASHED
From Wall Street.
Private Wire to GIbert A Clay. , ,
New York, Dec. 3.-Maraha!I. Spader A
Co.: While activity in our market today Is
not to be logically expected, most things
point to steadiness, and In somejllrectlons
strength.
Dow-Jonea* summary: Americans In Lon
don strong. Vi to s i above parity..
Congress meets today. President’s mes
sage comes at mid-day tomorrow.
Ijtke ore shipment* this year will break
nil records.
Southern Pacific annual report expected
In early future.
General trade never so active, nnd manu
facturers driven to the limit to make good
their sales.
Northwest officials complain of car short
age. but say that it Is educating railroads
to make the most of their facilities.
Guggenhetms refuse to exercise Nlplasing
WEEK OPENED
In cash In statement nnd First Notional
shows largest Increase In loans and cash.
Heavy loss of currency to luterlor caused
by business activity In the West.
Twenty-nine roads for the third week In
average grpss Increase
cent.
Total stock sales today 721,100 shares.
NEW YORK.
tures In New York today:
EGGfb-Candled, active, 29c.
LIVE POULTRY—Hens, active, 32*40350
each: chickens plentiful, 15026c each;
ducks. Pekin, 35c each; puddle, 2f
each; geese, full, feathered, 65c each;
■ ..«lull,_14c go nnd.
keys.
DRESSED p6uLTRY—Geese, undrawn,
active, lO012*4c pound; turkeys, undrawn,
active, 15018c pound; hens, undrawn, ac
tive, 12*4c pound; ducks, undrawn, fancy,
15c pound;' fries, active, 14c pound.
PRODUCE—Lard, 10c ib : hams active. 14e
lb., shoulders active, 10c lb.; sides active,
lot pound:-butter;active. 15022HC pound;
beeswax, active. 26c pound; honey, bright,
active. 8c pound; honey In 1-pound blocks,
active. 12c pound; chestnuts active, 34.00
bushel; dried apples, 6c pound; white peas
active, $2.50 bushel; lady peas. $3.00; stock,
$1 25. .
GAME—Qnall, active, 16c each; doves, ac
tive, 5c each; ducks, mallard. —
. « ... octlve,'40c
each; ducks mixed, active, 20023c each;
wild turkeys, active. 16e pound; rabbits, ac
tlve, 10c each: squirrels, active, *10e each;
opossum, dressed, active. 12*4c pound; opos
sum, live, active. 8c pound., MM<lt
FRUITS—Lemons, fancy Messena. $5,000
6.50. Br.nanas. per bunch, culls, active,
nop0tl.oo; straights, $1.5002.00. PlneapplW.
Florida stock, per crate. $2.00. Oranges
Florida stock, owing to mIz* and condltlos
en arrival, per box. $1.5002.25.
choice, Ben Davis, $2.7503.00; fancy,
New York state apples.
Cods.
$11.00. Grape
stock, owing to six* and c™, -v.
©3.00. Limes. Florida stock, per hundred.
40c. Nuts, faucy mixed, In boxes, pel
nounds. 12#014c. Cocoanuts, heave rattans,
sack of 100, active..-et $4.50 sack. Peanuts in
sacks averaging 100 pound! each, owing to
•tthf&RXtWE* cabbage ■ era..*
lSo’twSi?: ‘sauss&ff’w saa
pin lit. n-llve. «2.M crate: curiim-
price, were ilue. In the Brat few mliinlee •.. .. »>.W wife: trttnntoe., fancy, aeure,
there was a slight hesitancy, but the trutlu to crate; tomatoes, choice, active. $2,000
X?- MTCR rs.llm.nt amiMljr lu ^3 orate: ronfxnn,
Dee. . .
Jan. . .
Feb. . .
March. .
April. .
May.. .
June,, .
July.. .
August..
n
9.921 9.971 9.97 H0.J4.ft
10.07
10.20 10.25
10.0647(10.3344
10.14-1610.41-43
10.24-25110.5142
10.32-34 10.56-58
10.38-3910.64-65
...» 10.414310.67-69
* 10.46-47110.70-71
10.25 |
Iftn
LIVERPOOL.
December.
Dec.-Jan..
Jan.-Feb.
Feb.-Mar.
Mar.-Apr.
Aprll-May.
5.73^ 5.71
The following gives the opening range
nnd close, compared with yesterday.
Futures opened easier.
Opening Previous
Rauge. 2 Close. Close.
.5.67*
.5.67 -5.65#
.6.68 *5.66
..5.69 -5.66%
..5.70 -5.67#
.5.73 -5.70
.5,72 -6.71
.5.75*4-5.72
.5.64
Anrll-May.
Mny-June.
Juue-July.
July-Aug.
Aug.-Sept.
Cloned barely steady.
6.71*4
5.62 6.76
NOTES ON GRAIN.
Pointers on Provisions.
Private Wire to Glbert & Clay.
Chicago, Dec..3.—Believe wheat Is a food
purchase now ahd a better oue on any de
cline.
Believe corn, under auy condition, Is low
enough. d
One of the features of the wheat market
this moral tiff Is the selling of July by local
nnd northwestern elevator Interests at He
below May price.
Packers bought ribs and sold lard. Stocks
of ribs ntnrmlugly low and shorts coverlug
freely. Considerable pressure on lard.
Chicago Evening Post: C. E. Lewis, of
Minneapolis, wires: “A canvass of twenty
of the largest country elevator lines In the
Northwest shows nine have 5®15 per cent
less wheat lu their country houses than
nt this time last year. Five have more,
but will not state how much. 8lx have
about the same. The Increase* are all In
northwestern North Dakota.’’
‘ III WHEAT
LIGHT IN VOLUME
NEW ORLEANS.
Tli, following la Hi, rang, lu cotton fu-
tur,« In Sew Oilcan, today:
.
8
©
i
i’
Il
1
|
Dee
Jan
Feb.
March. . . .
April. . . .
May
June.. . .
July
10.60
10.64
10*55
10. ill
10:89
10.60
10.56
josi
lb! 96
10.41110.41
10.57 10.38
10.46 iolds
liniiib!??
10.41-42! 10.80-81
10.38-39 10.76-77
10.44-46 10.83-S5
10.47-49 10.86-87
10.64-5610.93-95
lf>. 63-01121.01-02
10.70-72j 11.09-11
10.74-76 11.14-16
Closed steady.
GIBERT & CLAY'S
DAILY MARKET LETTER
X,w Orlnma. !),<•. :t.—In Mr,rpool;
[lonii und,r the Influruce of Ions liquidation
broke rath,r ahnrply until cloalnit prl„»
wen- lower liy u polnta thnn Hnturdny'a
Opened a Fraction Lower—
Later Rallied With the
Fluctuations Narrow.
THE WEATHER.
LOCAL FORECAST.
—Fair t.
uesdny.
dined to the side of lower prices, due at
the time chiefly to rumors tbnt several
thousand notice* were to be circulated.
At about this time, a crop estimate by
Miss Giles was announced nt 12,490,000. re-
suiting In n rapid decline, prices declining
te 13032 r 1 * I Hfl
close on Hat-
. heodore Price a free seller.
Hbortly after the noon hour, the market
steadied on stopping of notices by Weld and
Rich, nnd a reaction of some 305 polut*
occurred. Sentiment was still bearish, how*
f Tb'r Times Democrat, In Its summary of
the situation on Hundiiy mornlug lw sny
••rtospeetlvo heavy tender# nt New York
and the rather general belief that price
opponents are prepared to put up | -
morrow *morulng, maired some otherwl
vorsblo cotton niurket conditions, and the
week eamn to
.. lose with ‘future* fur
ther than ever out of line with the trad
ing value of actual cotton. NovciiiIh 1
I torts from New Orleans w-
297,221 bale
anil from Galveston'*518,715. n totnl
815,936, the record for that month. .The
ports exported 594,000 bales In Deeembe
last year. December exports this year
will probably exceed thut figure by 200,000
bales. , ,
••On the week. New Orles
points on the March optlo
sixteenths of a .cent on middling spots.
“Tomorrow morning. Th«‘ Times Demo
crat will publish Its cstlmnte of
growth from the 1906 cotton crop. The fig
ures should not lie confused with commer
cial crop*,, At about midnight tonight.
the esthiiaVe^^llMte^bul^thSMt^ronff?
The Times Democrat’i
The sevete detdlnc today Is uttr!hiit«»d I
some entlreh- to The Time* Democrat's v
tlmate. In that It was a dlsappolntineut
bca
'csM.ltlou lu the
the bolls nnd gnv
fldence, nnd enured a -
maml for the spot nrtb
Tl*e close was stead
lower limn Saturday':
Comparative receipt
Ref receipts today 84,364
8amc day last year 45.251
finals.
i at all United State
Increase
Total receipts for two day
Home day* last year
Increase
39.113
143,sut
103.236
40.565
40,565
Sept. 1 4.421.745
4.12%8'W
Increase 297.919
game time last y«
Esltmatnl tomorrow:
297JCW
New Orleans...,.,. t
Galveston 2*,<KW t
Houston 24,eoo t
Movement at Atlanta:
Receipts today..
eidou* dry. active, 75c bushel; Irish puts-
lira, .etlv. No. t, Wc bu.hel; dory, fun-
cy, ilu'.l. $2.00«3.00 crate; p,pp,r. ectlre n.n
crate: nkra, six baskets, small, *J.50 crate,
cauliflower, active. 8010c pound; lettuce,
headed, $1.0001.50 drum; sweet potatoes, yel-
low dull. 50e bushel; sweet potatoes, white,
dull, 40c bushel; kraut, half-barrel, &75;
rutabaga turnips^ l*4c.
flour, grain and provisions.
FLOUR—Highest patent, $8.50; best pat-
lot 84.WI suMard patent. 34.36: half pat-
t, ®90| %prlpg wheat patent,
’OUN-Choice
COltN—ChoKNt red cob, 69e; No. 3 white.
■ 4 V* !<«»■ - vdllow, 67c; mixed, 67c; old crop
choice, 68c; old crop No. 2, 67c; old croji
mixed. 67c; new Tennessee white, 65c; crack
C °OAT^—<'hoire 1 ’white clipped, 50c; No. 1
white. 48c; b’°. 2 mixed, 47c; Texas rust-
PI MEAlXplaln water-ground, per busheL
S5c- bolted, 140-pnund jutes, per bushel 60c;
Shorts, white, $1.60; medium, 31.40; brown.
"'HATimothy,’ choice large bales', 31.25;
do. choice small bales, $1.25; do.. No. 1
clover, mixed. $1.20; do., No. 2 clover mixed
31.15.
Bar-
Rhine day last year....
Increase
Shipments i• slay
Same day last year....
Same day last year..,
. 1.3-V*
.PUftS
.10.377
SPOT COTTON MARKET.
Liverpool, barely steady: middling up
lands nt 6.06d.
Atlanta, quiet; middling 10He.
New York, quiet: middling lie,
New Orleans, easy: middling lie.
Savannah, steady: middling 10V-
Houston, steady: middling ll**e.
Baltimore, nominal: middling UV-
Memphis, steady; middling 1015-1G**.
Wilmington, firm: middling lOHc.
(lalvestoti. steady: middling llH*'-
Augnstn, quiet; middling lie.
.... Choice Bermuda. 90c.
RYE—Georgia, $1.00; Tenues
*^’he niHive prices are f. o. b. Atlanta.
I’ROVIBIONB—Suprsms hams, 15c. Dots
btms, 15c. Cnllfornlu hams, $9.00. Dry salt
extra ribs 9: bellies. 20.5 pounds, 10.25; fat
I,neks h; plates 8; Supreme lard, 10.25;
Kuow Drift compound 8.60.
FISH.
Mullet, $9.00 per barrel: • id. 607c
pound; snapper 10c per poun out 8c per
pound; blue fish. 8c per poui . jiompsno.
18020c pound; mackerel l2Hc pound: mixed
fish. 6c per pound; fresh water trout. 8010c
pound.
GROCERIES.
BUGAR—Standard granulated, $5.10. New
York teflned. plantation, 8c.
COFFEE—Roasted Arhuckte's. $16 50; bulk
In lings or barrels. I3%e; green 11012c.
RICE—Carolina, 4*407*4c t according to tbs
**011*8!ERE— Fancy full cream dairy, ll*4e;
twins, 15«*.
Klu(Mbled biscuit. $5 case: No. 2 rolled
outs. $3 cast*. Hack grits, 92-pound bags,
$1.65. Oysters, Jull weight. 01.75 case; light
weight, $1.10 case. Evaporated apples 7\c
pound. I’epper, 18o. Baking powders. $5
case. Red salmon, $5 case. Ulnk salmon
$4.35 cate*, t.’oooa, 39c; chocolate 3.V: siiuf,
1 pound Jars, 48c. Roast beef. $1.3d case.
Cornell beef. $1.30 case. Catsup. $1.80 case.
Sirup: New Orlenn*. 35e gallon; corn 2sc
gallon; ' * ~ ** * '
Halt. 1
Hodn cr. . . , .. . %
ter 7e. Barrel candy, i*er pound. Be: mix-
cd. P'»r iMiuud. 6W Tomiitoes. 2-tiound.
$!.:»■) can**; 3 pound. $2.25. Nmy In-ans, $2;
I.lnia beaUM. a4o. Ibst matches, per gross,
*1.65. Macaroni, 6407c per pound. 8nr-
dines, mustard, $3.25 ease. Potash. $3.25t?
8.W cas«‘. Pen lints. Stye. Rope. 4-ply cot
ton 13‘ic, Heap, $1.5004 case.
Culm 36c
sesr 1 *
galio
Georgia
COTTON SEED OIL.
364037 36\fi.T74
THE SUGAR MARKET.
Lmdoti beets
WEATHER CONDITIONS-
A low barometric area is centered ov
the eastern lake region, causing snow In
New England, western Now York and
Pennsylvania nnd rain at New York city.
socomf area of low pressure la central near
Havre, Mont. An area of high barometer
In centered over Wyoming and Colorado.
Wyoming
Cloudy weather prevails over the major
portion of the country and precipitation has
occurred at most stations east of the Mis
slsslppl except on the south Atlantic coast.
There lias neon n general rise In tempera
ture except In the southwest, where but
little chance has occurred.
The conditions favor fair weather In this
section tonight aud Tuesday; somewhat
colder toulght nnd Tuesday.
Minimum and Maximum Temperatures
and Rainfall.
Observations taken at 8 a. ul, TSttx meri
dian time.
Abilene. . . .
Amarillo. . ,
Asheville. . .
Atlanta. . . .
Augnstn. . . .
Blriulughniu.
Boston.
Murrain.
Charleston.
Charlotte. .
Chicago.
Cincinnati. . . .
Corpus Christ I.
Davenport. . . .
Dodg
dge t
ort Smith.
Havre.
Jncksoi
Jupiter. .
Mac:
West. .
xvllle. .
Angeles.
Memphis.
tMiiphl
wldln
Mobile. . . . ,
Montgomery. .
Nashville. . . .
New Orleans.
New York. . .
Norfolk
North Platte. .
Omaha. . . .
Palestine. . .
Portland. Ore.
Portland. Me.
San Franelseo.
Savannah. . . .
Spokane. . . .
Tampa. ....
Vicksburg. .
Washington.
Wilmington.
T Indicates trace of rain
TODAY'S PORT RECEIPTS.
The following table show* receipt* nt the
interior towns today, compared with the
e day last year:
port Arthur
alonzo mmummu & co.,
PUBLIC ACCOUNTANTS
AND AUDITORS
INTERIOR RECEIPTS.
The following table shows receipts at the
today, compared with the
Angmdn.
Empire Building.
ATLANTA. GEOIIGIA.
Bell Phone, Mun 8t3.
111.
, SI. I-'tut,
I t'lurfimiltt
Chicago, Dec. S.—The Sidney Love
hou.e was a bin trader In tvheat in the
way of undoing a spread between the
Chicago and Minneapolis markets. The
movement was In the way of taking
profits by nmking the purchases here" 1
and selling fn the northwestern market.
The market closed l-8@l-(c higher.
The market looked as If the selling had
been overdone.
Corn closed ta/ne at advance of 1-
1-2. Oats l-8c better and provision
Irregular.
There was n light business In cash
grain, the seaboard reporting 8 toads
wheat, 4 of corn and 30,000 bushels
oats. Local houses reported 30,000
wheat, 25,000 corn and 8,000 bushels
oats.
There were decreases In the visible
supply of the week of 88,000 wheat, 88,-
000 corn and 207,000 bushels oats.
Primary receipts of wheat 1,384,000
bushels and corn 498,000 bushels, com
pared with 017,000 and 773,000 bushels,
respectively, a year ago. .
Clearances for the day: Wheat 1,-
176,000 bushels, corn 1,710,000 bushels
and oats 5,000.
CHICAGO GRAIN MARKET
Open,
WHBAT-
I>ec 724.
May 7T».
cfeitN- 71
Dor 42’*
May 43#
July 44
OATH-
Dco 3274
May 347,
*ily 3274
I*ORK—
Jan.... 14.65 14
May... 14.95 15
LAUD-
I»ec... 8.60 8
Jan... 8.45 8
8.47*4 *
ay.. 8.1
BIDES-
Jan.... 7.*
May... "
8.62*4
8.45
8.47*4
8.02*4 7.95 8.00 7.92*4
cash wheat- . . v . „ . _
No. 2 rod 74074*4 nominal: No. 3 do 720
:*4: No. 2 hard winter 74*4075*4; No. 3 do
SOUTHERN EXCHANGE
Oldest Established Ofriee South.
COTTON—STOCKS—BONOS—GRAIN
Ground Floor Gould Building. Dally
market letter and market manual
malted on application.
final levels, ifpot quotations likewise lost
10 poiuts. 8.000 bales having been sold. Tin-
Issuance of an unofficial but Influential es-
The Times S6dOJBy-*4:- (p etnoln rdlu
tlmate through the publication of The
Times Democrat’s figures of 12.450.000 bales
— tho actual growth, less (Inter*, etc..
of this season’s erop, tends to couflrm In
a measure the large crop ideas that pre
viously existed, and which of late have
j>e«n subjected to material curtailment, ow
ing to the persistency with which recent
estimates of ginning* by the government
have fallen short of expectations. The
w;elght of the Influence finds much strength
also In the fact that previous Idea* emanat
ing from this same source for a year or so
Iwick have eventually proven very eouserr/i-
tlve. These figure* for the time being
have completely changed the aspect* of tho
trade, for the spot cotton situation has
not only los* It* aggressiveness today,
but has also recorded a cessation of <h»-
mand. Nevertheless, despite these factors.
It Is not confidently expected that much
change lu prices will be enacted either wav
until, nt least, the government mokes
known its quantitative estimate of the
crop MondAy, next, unless the census re
port. which Is expected Saturday, should
contain unlooked for developments.
New York, Dec. 3.—Tho market
strong today, and the leadership and
ttvlty appeared In directions likely to
courage outside support. New York Cen
tral was strongly supported, ns also were
the Copper shares, and a recovery in Smelt
ers from a recent depression was a fea
Now York Financial Bureau: A iu<
nient upward seems Imminent In Cop Ik
Extension of Atchison's betterment Is
tiullkely. but on bulges now reasonable
profits should not lie Ignored.
Chesapeake and
displaying
stronger upward trend, nail Is bought for a
turn T»y professionals.
I’aclflc Mall is tipped fur further Improve-
nient: also Tressed Steely Car.
_. JVL..’lllc and Reading, ow
ing to certain information, and to their re
spectlve
line
When the Steel move will start
not kuow, but would not be without
of It.
New York Central Is still favorably re
gnrded In Vanderbilt houses.
Smelting should be bought on liny further
weak.
We would hold Louisville uud Nashville,
Bull tips circulate still In some house*
Colorado Fuel and Iron.
We continue bullish on Rock Island, and
think It should do better.
Pennsylvania displays lietter support now.
WEEK REVIEWED
IN NAVAL STORES
Savauuah. Ga..
pen tine market showed n net decline for the
week ending Friday of %p a gallon, having
some picking up
year, though there _ _ _
noticed the oast week. This was du«i| *
the factors claim, to the opeu season, wllch
the factors claim, to the ot>eu season. w%icli
permits the gathering of the scrape lar-
Her than usual, nud that the Increased re
ceipts only Indicate that the supply wilt
be exhausted sooner thnn usual.
The rosin market closed the week
marked decline for the two top grades.
_ . grades.
with K 10c higher nnd CB 5c higher. 5c
— u qi,,! jngifi,. f or i' am i
up Inside for
5c off Inside for F. In the late trading
Friday, a tendency was shown to advance
the two top grades nnd also K and below.
any time last week.
Utnli 63. North Butte 1
LONDON STOCK MARKET.
STOCKS—
Amalgamated Copper..
Aiinconda
Atchison
do. prefer ml
Baltimore and Ohio
Canadian Pacific....- .. -
Chesapeake nnd Ohio.
[OpnlCloslClos
ture ot the trading. Heading was also made
strong nnd Brooklyn Rapid Transit con
tinued Its upward trend, based on reports of
tho elimination of the convertible clause
from futnre bond Issues. Special news of
the day included favorable reports from
London on the. monetary situation nnd the
securing of [665.000 by the Bank of
England Wjth lower money rates on the
outside market. Our own hank* appear to
have lost nearly $2,000,000 through the sub-
treasury operations since Friday, and call
money rate# touched 17 per cent, without,
however, proving an adverse stock market
Influence. The discussion of the expected
message of the president wss on still more
ge ^
favorable Hues than prevailed Inst week.
The very light pressure of stocks on the
market appears to us significant of a fur
ther advance.
NEW YORK COFFEE.
New York coffee market for
January.. ..
February...
Mnrch
April
May
June
July
August.. . .
September...
October
November...
December. .
Opening
Range.
.5.90
’lined
. ....5.95 6.00
6.06
6.05-6.13
6.20
.. . .6.25-6.35
6.04
6.50
6.56
6.55-6.60
6.60-6.65
5.806.90
5.90-3.95
5.93-6.00
6.66-6.10
6.30-6.36
6.35-6.40
6.50-6.60
L. J. ANDERSON & CO
Bankers and Brokers,
GGTTON, STOCKS, GRAIN
Correspondent's. Capital $25(1,000
RCFERCNCC, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
Frank Hawkins, President.
J L II. Atkinson, V. P. Tnomss C. ~ - 7 - lt -
oseph A. McCord, Co abler. R. W. llyera, Asst, cashier.
Third National Bank
$200,000.00.
$300,000.00.
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dargnn.
John W. Grant.
Y. McCord.
DIRECTORS: J. fl. Nunnnlly.
Frank Hawkins. J- Carroll 1‘aynt.
H. M. Atkinson. B. B. Rosser.
Joseph A. McCord. David Woodward.
_ .. ig
time there was a clog In sales of water
white and window glass, nnd nt Tuesday's
Opening these two grade* were posted ns
nominal. On the same day. In an effort to
feel the market and force a quotation, nil
exporter (Misted an offer of these grades
at a reduction on the last quotations, with
out takers. The following day another ex
porter posted M ntid above at reductions,
also without takers. The market became
more normal nt the close of the week, nnd
the two top ffrades were more In demand,
though at some reductions from the earlier
figures.
WEATHER FORECAST.
Georgia—Fair Monday and Tuesday: light
west winds.
Virginia—Partly
... - , cloudy Monday, with
snow flurries In mountain districts; Tues
day fnlr nnd colder, fresh west to sonth*
west winds.
North Carolina, South Carolina. Eastern
Florida, Western Florida. Mississippi nnd
Alabama— Fair Monday and Tuesday; light
day and Tuesday; light variable wlud*.
Western Texas—Showers Monday In north
nnd west portions; fair lu southeast: Turn-
Arkansas—Fnlr Monday and Tuesday
Tennessee and Kentucky—Fair Mondriy
nnd Tuesday.
West Virginia—Rain Monday; Tuesday
fnlr and colder..
CHICAGO CAR LOTS.
Below Is given receipts today and eatb
mated receipts for tomorrow:
Today. Tomor.
M heat 68 68
Corn 142 i«9
Oats
Ifog*
Louisville and Nnfcbvillc.. ..
Mexican Central
New York Central
Norfolk and Western
Northern Pacific
Ontario nnd Western..
Pennsylvania ....
Philadelphia and Reading....
Rock Island ..
Southern Pacific -..
Southern Railway
do. preferred..
147*4
NORTHWEST CARS.
le following figures give the northwest
of today, lost week and Inst year:
%
PRIMARY MOVEMENT.
Tb, followlnff fl.urc. tflvr the primary
mov.meut of whom nnd rorn:
Wh,nt-ltrc,lnts todnr 1,384,000 buihel.;
la.t ttr.lt 1,152,000 hunnrln, n,nlnat *17,m
w” umueia: inm wn-i J.WI.WJ
against 921,000 bushels Inst year.
Corn-Receipt# today 498,000 bushels; last
week 391.000 bushels, against 77.1.000 bushels
last year. Shipments today 283.000 bush
els; Inst week 333.000 bushels, against 479,.
000 bushels last year.
THE LIVERPOOL GRAIN MARKET.
M heat—Opened *4^ lower: nt 1:30 p. in.,
*4 lower; dosed »* lower.
Europe will take nlHiut 9,200,000
The actual shipments Inst week were II.
*10,001) bushels and those of a year ago
340*)
936.000 bushels. Arrlvnls of breudstnfl
ie Fulled Kingdom .during the last week*
III In* about 3,600,000 bushels. He predicts
that there will lie a moderate change in
the quantity or breadstuff* on passage. The
shipment* from India this week will be
about 488.000 bushels, against 382.QO0 bushels
Inst week nnd 393,000 bushels Inst year.
WM. L. PEEL. President
ROBERT F. MADDOX. Vice rresldest
THOMAS J. PEEPLES. Cashier.
JAMES G. LESTER, Assistant Cashier.
JAS. P. WINDSOR. Assistant Cashier.
MADDOX-RUCKER BANKING COMPANY.
CAPITAL $200,000.00
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well asJarge, invited.
3 1-2 per cent interest paid and compounded semi-
annually in our Savings Department.
CENTRAL BANK AND TRUST CORPORATION.
Individuals, firms or corporations contemplating opening i _ .
S changing their preseut one. are Invited to call or write us. nnd we will lie plea*
; to extend them every courtesy and consideration consistent with sotfud banking.
5 3*4 Per Cent C’omponnd Interest Paid In Oar SAVINGS DEPARTMENT.
, Capital $500,000.00.
OFFICERS:
Asa G. Candler, President.
• Wm. H. Patterson, Vice President A. P. Colee, Cashier.
* Johit 8. Owens, Vica President. Wm. Q. Owens, Asst. Cashier.
TRUSTEES: =^--- •
I. Y. Sage. George E. King, Charles G. Goodrich,
.John N. Goddard,
Bam D. Jonas,
F. B. Dancy,
Norman C.' Miller,
Isaac H. Hirsch,
Wiiliam M. Nixon,
Eugene R. Black,
J. P Williams.
Dr. J. Scott Todd,
Asa G. Candler,
William H. Patterson,
John S. Owens.
LOWRY NATIONAL BANK
Designated Depository of the United States.
CAPITAL : $500,000.00
SURPLUS ; 400,000.00
UNDIVIDED PROFITS 140,000.00
A general banking business transacted.
Foreign exchange, Letters of Credit.
Corresponds direct with the National Bank of
Cuba.
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New York City.
F. W. LAFERENTZ, C. P. A., President.
C. E. Manwarlng, Vic# Preildent, Theo. Cocheu, Jr., C. P. A., See. and Trej*.
BRANCHES:
NEW YORK—Waldorf-Astoria. ATLANTA—Fourth Nat l Bank Bide
BOSTON—Exchange Building. CHICAOO-sSarquStte Bulldlnr *
WASHINGTON—Colorado Building. PHILADELPHIA—Bellovue-Slartford
NEW ORLEANS—Ho.iuen Bulldln,. SAN FRANCISCO-heldenBSIldlni'
LONDON', ENGLAND—4 King Street, Cheapalde.
ATLANTA BF.ANCH 1015-18 Fourth National Bank Building.
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. cable Addreee. Admit. N. y.
4
Advances Were Fractional
and Some Declines Shown
At the Staid.
MONEY WAS HIGHER
Southern Pacific Advanced
on Higher Prices in the
London Market.
Money op call ranged between 10 and
23 per cent, the latter latent.
New York. Dec. 3.—Today’s market
was again strong, 'with generally ad
vancing prices, under conditions which
ordinarily would be a severe test or the
speculative situation. Call money
loaned as high as 13 per cent following
the unfavorable Saturday bank state
ment and the continued outgo ns re
ported again today at the sub-treasury.
Vlnluelnt, ut/u>lr 'nn titn . n) Its 1A itPP
Xiplsslng stock, 'on top of Its 10 per
cent drop last week, opened down an
other 21-2 today, but at th« lower
levelx It quickly became-apparent that
the stock had pretty thoroughly dis
counted the unfavorable developments
in regard to the property. The-price of
the curb leader thereupon rallied ab
ruptly. Canadian Pacific, the coal
shares, the Southern stocks, the Cop
per and various minor specialties, ab
sorbed attention, but the buying never-
tholes* covered a wider range thgn at
,4, AIIUUCI
A Heard Inn 12*4. Franklin sb#. Mohawk 76,
112. Winona 11*4.
-—i
1
