Newspaper Page Text
I
WEDNESDAY. DECEMBER 5, INI
THE ATLANTA GEORGIAN,
MOVEMENT VERY
HEftVUT PORTS
Resulted in a Slight Decline
in Cotton in Late
Session.
INTERIOR ALSO HEAVY
Heavy Spot Sales and Bet
ter Tone in Liverpool
Sustaining Factor.
New York, Dec. 5.—\Vbll« tin* undertone
of the market win quite uteady. buajjiesa
was not active nt the opening ; t>f<tha.‘ cot.
ton trade. Trade waa of an >veulng-U|i
character, and brokers were tioldjug .off for
the cenaus bureau report and .the agricultu
ral department'* statements. • * • *■
Lancaahlre aplunera are buying- heavily of
•pot cotton, though th«Ir Increased takings
are attributed to the* decline* of *tha-past
four days, middling haring declined from
6.16 Inst Saturday to 5.97 quoted thin .morn
ing, equal to ntwut %c In American money.
Sales today aggregated 14,000 bales. •
The opening In Tlie. future department was
all g fitly botter, fbaft due ‘■on Sow yYork’s
closing yesterday,* wit price showing de
clines of 5 to 5M potStn.. It wn* ( dfie to open
t points lowen. iqarket, lurjrg^er, lm-
lug aud the close wss
2% polilts lower.
In "•the * active
proved after \]
steady and urn
Following IsV The range
months In Uvjmol to#«>. . , t .u .
Open.f Ilign. Low.
December 5.6a* 6.6B j 5.65
Jan nary-February 5157 5.02 H.Bdty
March-Aprll 5.58 -5.63 , 5.864
May-June 5.634 5.67 . 6.61
New Y’ork opened steadyr5 to 8 po|nts,
wlib h about met expectations. . 1’p to mid*
day Initial prices were the lowest, the mar
ket Improving Immediately nfter the call
•oiue 5 to 6 points. - *
For the moment the “big gnns" have Is-
•ued their estimates, and, being well out
of the way, the market showa a disposition
to improve, and the attention of thu afore*
Raid “big guna" is now guessing nt the
price between the batch of estimates iHSt
Monday and the Issuance of the guess of
guesses—the government—on next Monday.
In the meantime the fanner Is saying
very little, lie claims the price Is now too
low. and a refusal to sell at present prices
would have more effect for an advaucc than
the government's report.
The New York Commercial, In Its review
of the market Tuesday morning, says:
“It Is odd when one stops to consldc
whnt Influences cotton prices, under th
present system of manufacturing prices for
*|Jhe great Southern staple. The market wenf
Jlbwii Monday about enbtigh to lower the
JUrlce. of the entire crop* 116.000,000. Under
H.yajcm^ifrfcloh makes the price
A*H* n ifllh»j>rtf cotton hold liv-New York has
•n8»re Igfltiisce oti-oottWprices than n halo
46*lil nnywhere<•'else? In the world.
Vnct that 16;0(i0,fia]es out of a crop of 12,-
000,000 bales should have any particular of
f<**t <m prices seems absurd—Imt the foot Is
that 15.000 (tales were teudered on contract
Monday, and because the people who finally
stopped the notices allowed the notices to
drift around the market during most of the
day this hntl n weakening effect on prices.
•‘That the agricultural department should
Ih* allowed to ninke a guess on the cotton
crop is absurd, when l f is considered that
the government usuall; makes an absurd
guess. It would seem that the fact that
the market has no confidence In the govern
ment figures would rob them of Inflt
but tills Is not the ease. The speculators
figure that anything that hears the govern
ment seal will have a gambling Influence.
Just now the market Is not trying to guess
the crop, but to guess the government
guess.
“Last year the government made n very
mail guesN. The same day the government
made this gugsir-but earlier In the day—
two guesses,vr#re. made In New Orleans,
lioth of which practically called the depart
ment figures/* Of courso neither one of the
guesses had pipy rvalue, when It came to
estimating tllc'crop. but they, were success
ful In estimating the government. Monday
estimates emanated from the same two New
Orleans sources, mid for no other reason
than that they had lieen about as badly
vyroug ns the government was last year,
the mnrket declined upon the hypothesis
that they would again about hit the govern
ment, and that all three guesses would
ngalii be nlsnit 1.000,000 hales out of the
way. It seems unreasonable that n market
should lie Influenced by tills sort of stuff—
but a speculative market Is uover reasona
ble."
In the afternoon there was a slight de
cline from the high point, the heavy move
ment nt tho ports having.a depressing In
fluence.
Heiu I-weekly Interior movement:
1806. 1906. 1904.
Itceelpts 151.846 98.810 129,181
Shipment* HI.184 78.080 123,367
Htocks 433,997 422,265 488,848
Comparative receipts at nil II. S. ports:
NEWS AND GOSSIP
of the Fleecy Staple.
Private Wire to Gllwrt A- Cluj.
New York, ’Dec. 5.—Liverpool • nt, 12:30
p. m. 5T"' * ‘ ‘ ‘
On this I
Mltchel ..
New Orleans .J
The Journal of Commerce: "The course
of prices on cotton good* Is atlll upward,
and there is little prospect of lower vtdnes
for some tlnm to come. roinplnlnts are
more numerous frofu buyers, but they ltd-
“ ’ in nil quarters,
g«
and the best tlist
market prospect Is
said for the
nt favorable to those
ice. The cotton yarn
■ry stroug. aud buyers are And
* Tty
In getting supplies.
market Is
Ing continued dlfflcu .. ... .. ..._
The various mills have nothing
plain of In the way of orders."
The glnners’ report will lie Issued between
12-* ft ml 1 p. m. Monday and the bureau
.Liverpool cables: "Market touching but
tom. . Minnll business and limited market.
Continental hpuaes are buying mid. spin
ners s re calling cotton.** .,
HpooulsUve selling has almost olhngetlier
ceiAVdr syinfl Jo rthe tentative resiiunneo
tint ;ttfet market displays; this Jnflueiica
under otbu dlreqt .reSfflt of.the unaet-
ind uttvfttfbVdPpdltlou or the spot
L ' ,- *
S|K»t market la reported very quiet,
only a- fair demand existing, but factors
are asking much higher prices.than buyers
are willing to pay. , -
The western forecast. Indicates general!}
fair amt* colder weather for Texas tonight
nnd tomorrow. For the' balance, unset
tled weather, with occasional showers of
The eastern forecast Indicates rain4 to
night and tomorrow throughout, followed
by colder weather In Mississippi.
“Cotton Causerle” in New York Cominer-
It* Is probable that tho old niiti-optlou
hill will lie* I a trod need during tho short ses
sion of congress, but the matter has twen
.successfully conjbatted once, and the ex
changes' are'Well organize*! for another
light, even .Jf tt.shopjd prove.wore bitter
; Itlaf-ban sprung up
\et sliopw ibimM
^ .tfgakty >gltf
thatTfieTafffletrilursl depart
ment has lieen ridiculed so much for huder-
estimating, the crop that the. District of Co
lumbia guossers will make a big guess lids
year, and that no piatter If they should
guess 14,fWO,000 bales,,the public would think
it 1,000,000 too low.
A crop estimate, even If It be that of file
government, la of little real value, miles*
the inn n or toen who make It tell where
and from whom tho Information Is obtulued.
When It comes to more guessing, better
fake the office hoy's guess, aud let It go at
that.
Titer* was an estimate Issued yesterday
that was made to nppcnr as ii forecast of
the department of agriculture report. There
has been talk before of this matter, but tho
chances are there was nothing to It. There
will bn more attention paid Mils year or
account of the attempt -made yesterday
create the Impression Hint somebody was
Inspired.
Edited by
Mr. Lively’s twenty-five
Joseph B. Lively
MARKETS
Itlng markets ln Atlsnts
sod the Sooth has thsdt
him a recognized au
thority In bla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper.
Atlantis Coast Isne. . . .
American Sugar B»f- . •* .
Anaconda. ....... . * .
American Locomotive. . .
do. preferred
Am. Rmtltug Itef. . . .
do. preferred. ...... .
Atchison
do. preferred
American Cot»an OIL ....
Am. Car Foundry
Baltimore ft Ohio. ....
Brooklyn Rapid T. . ... .
Canadian Pa cl lie. . . t • .
Chicago A Northw'n. . . .
Chesapeake A Ohio./
'.■?f:
Chfcsgo, M. A Sf. I*. , . . .
Delaware 4k Hudson. . ... .
Distiller’s Securities. . . . ,
Erie-. .............
do. preferred. , . »*, ,
General Electric. ,
Illinois Csntrkl.
Am. Ice Becurlllso. . . , . ,
Louisville* 4k Nashville. . • .
Mexican Central. , -,
Missouri- Pacific. . . .
NAME OP 8TOCK.
N. Y.. Ont. 4k Wsstarn.
.Norfolk „ ..
Pennsylvania.
People's Gas. . . .
Pressed Steel Car.
da preferred. ,
Pacific Mail. ....
do. preferred. . ,
Southern Pacific. . .
Sbutbern Hallway, .
do. preferred. . ,
Slosa-Hheffiehl. . . i
Tean. Coal it Iron. *
Texas 4k Pacific. . ..
Union Pacific. . . . .
United SUtes'fltesl.
do. preferred. . .
Vs.-Car. Cbemlc-
do. preferred,
Wcetern Union. • • 4 . •
Wabasb. •• . « . .
do. preferred. , . ,
Wisconsin CentraL r. .
do. preferred. • , . . ,
TIPS FLASHED
From Wall Street
NEW YORK.
LIVERPOOL.
Future, op.u«l e*«y. . ' 1 '
peeamW.'
Dec.-Jdn. ’
vat m
June-July. .‘ .6.624 5.63 6.674 6.6T4
July-Aug. . .6.63 * 6.64 6.68 6.68 ]
Aug.-Sept. , .6.56 -5.654 6.664 6.60 6.60 :
Closed gteady.
, new Orleans.
The following.Is the range In. cotton fu
tures in New Orleans today:
ir'jp' ■
1' e
1
j
M
1
Ii
i
Feb. . . . .
March. , . .
April. . . .
Mrty..
June.. , , .
10.5
10.47
..../
10.62
siK
10.83
10.62
ia77
10.83
P
10.47
ib!«n
\o.ti
0.54
10.53
XA
10.77
ia82
lo^Ss
10J62-63
10.67-68
10.61-62
10.66-67
10.76-77
10.80-81
10.88-89
lo. «m:
10.34-35
10.66*67
10.69-61
10.65-67
10.71
Net rt*«‘«»l|itn tinlay.
Same day last
Increase
Total receipts for four days
Same day* Inst year
84,857
4.1.614
31.313
310,418
r _, 2<i|,6U3
Increase 105,815
Total receipts since September 1....4.688,449
Same time last year 4,225,166
Increase..,. .... 913,283
Estimated tomorrow:
1906. 1905. •
New Orleans 13.600 to 16,500 9,020
Unlveston 23,«W to 26.000 ll.!«»3
Houston 16,1100 to 18,0)0 13,203
Movement at Atlanta:
lterclpts today 2.060
Saute day last year 617
Increase 1.443
Shipiucuis today 2.25*1
Same day Inst jear 9*8)
Increas*- I,:fi0
Stock on baud today 17.49%
Same day Inst/-year 9.831
lucrea***..,: .. /. 7.«M
During tin- last flve minutes of the ses
sion. a covering movement and some buy
ing* by tmlls- fsrCud price* up to th** high
point of the tfinrrflng, January showing a
point higher. The clone was very steady,
net U«i'l7 jsilnts nl*ove the close of Tues
day.
SSOT .COTTON. MARKET.
la u<
, quiet
steady; middling up
averiMsd. .
d- 5.7sd; Ml-* l^nw.
Atlanta, stsidy; luhhjllug 104i*.
New York. qu)et: middling lie.
New Orleans, steady: middling 1Q?|
Augusta, steady: middling lie.
Savannah, quiet: middling loS«*.
IhMtoti. quiet; inbidllug lie.
Iloustou. steady: mbblllng lull lt>'.
Halt lucre, nominal; middling 11V .
Memphis. st»*:i«iy; mbidllng In 11-16*-.
(iulvcstou. ujilet; middling lu'.e.
Norfolk. sttS'ly: middling l<> 4 «e.
M'llnilngt*»srftlrgi;'4nl.Idling MS*'.* •
St. I.ouis.^fibw: tulddtlug 11*'.
Mobile, stcBy;Miild«lilug U*4c.
4*tiarb‘*toii, tygrt; mbidllng
cburirmatlon. JWPWBBWWWPWH
spread feeling dbat' lt If tmc. for thgrc* 1W
no doubt that noW flint thb eff^t nr the
^Hln practically over this nation will be
very active competitor In'yarns aufl cloth
In the Far Fast generally, but especially
with China.
/New Orleans, Dec
maud for cotton 11!
,sulc* tmlay had
5.—The contlnm*d de-
<*ad n'sultlng lu large
P ....^ .. ..tiNtalnlug Influence 011
options, closing prices showing the bare
loss of 1 point -from the iwevlous-- day’s
. _ 1| amoiifited to'lLOOO
Another quiet diiv
f the near approach
emanating from gov-
Coudltioii* now Htir-
.......... • almost eutlrely dom
inated by the action of sppds nnd 11 neryjUa
mid erratic course which flint market ipur-
siieu develops at times Into a factor of mmie
strength, himI has had the effect of pracfl
enll.v allmlmiting speculative*.’. ftrllldg. The
semi-wekly tnoveuint -out today give
further insurance* of n rapidly expanding
iqqvcn'.ont, and;; In' fact- the galpa that
have been made thus f«Y In tig* ;matter
of comnnrhoiis with other years hove been
moat liberal, and especially In connection
with the gliinliigs estimates It may be no
ticed that from October 18 to November 14,
a period of tweiity.-slx days, Hut Increase
over the bumper crop yt*r In the estimat
ed ginning* ha* been over 11 quarter mil
lion bales. It Is needless to *ay that
should the present ratio lie maintained, the
report to he l*sued Monday after tho ngrt-
cultural department’s quantitative estimate,
nnd hence of IltUe value as affecting prices,
might otherwise prove « distinct surprise.
PECAjTCRoi* SHORT;
• PRICES ARE HIGH
Alex. Woldert, of Tvler. Tex,., nfter
a several days’ trip through tho pecun
section, found Hint the ertp will be much
shorter than we thought for when we
made our last report. Wo cHtliuutcd the
shipment* to reach seventy five car loads,
but we now think thirty flve ears will cover
It. and some of the large operator* think
this estimate too high. Frlcis, of course,
are extremely high ami n good inniiv deal
* r* hnte refused to buy on that account.
However, there Is not nearly enough to go
around, and the consumption iuo«t neces
sarily be smaller tlinti usual. The ship
ping semen will not Inst hmg and after the
next few weeks there will tie no more to
ship.
NOTES ON GRAIN.
Pointers on. Provisions.
Private Wire to filbert it Clay.
•Chicago,. Dec. 5.—Wheat opened fairly ac
tive. with general, commission house trade.
« orn opened higher on tho wet weather
through 1 ho .corn holt.
. 'Out*, opened higher on commission house
demand- Mt *’rowd buying,
i i'ommemfltijf December 5, the commission
°j*** , 0 ***** I’rovlalona remains
A All aUr. <NudmI**lon on Job lots of wheat
will he to non-inemhers nnd 4c to mem
bers.
Provisions opened easy on scattered light
selling by eommhalon houses and tinned
up on local buying. There I* good demand
for May lard for Investment on nil breaks.
The amount of wheat and flour as wheat
now on tho oceans Is 28.792,000; corn 18,427.
iiusliols,
1 reused 480,000,
u*ls.
rn Increi
In MOB wheat In-
corn: dcchr.islitg 7,000 bush-
what v
New
strong
t-11 *la 1
grain.
very
ted ocean rate
To Hottordam the rate
iya ago was 3i;e, now It Is. 6«4c.
LINING UP FOR
80UTHERN TRUCK
ettvr
a lute
*h
'll of the buslbe
ImportMUt with each su
Shipment* from this on
from Florida. Louisiana,
gulf coast generally.
aiiNiia dv'hy 1
Southern truck light
hud sprlufl. and this
TODAY'S PORT RECEIPTS.
The following tnbla shows receipts nt the
Interior towns tmlay, compared with the
same diy lakt year:
1906 ,
New' Orleans.
Mobile
Savannah. . .
flirt rlcidoii. . .
Norfolk. . . .
New York. *
U<w>f>n. . . .
Philadelphia.
INTERIOR RECEIPTS.
Tlie following table shows receipts at the
Interior towns today, compared with the
same day last year:
_ mid the Datiuhlan section ship*
pod hist week only 3,556,000 bushels of
Wheat, compared wltlk 7,928,000 the like week
•In 1905. America Curnkfliedi nearly 50 per
cent of thu world’s shipments Igst week.
Cheer-tip! «
Ueerbolun cHtlninte* Ituxsia will-not ship
to oxcc«m| 96,000,000 busfiMS'Of wheat this
crop year, nnd furthermore the duality is
such that 11 lot of good wheat will lie re
quired to mix with It In order to bring
It up to .» milling quality Last year sho
expertul 147,500,000, the year before 183,500,•
00t) bushels.
Flour stocks In Chicago are 80,500 bar
rel*. compared with TS.sou a month ago and
116,00(1 barrels a year ago.
"Fngllsh Importers of wheat are working
morn nnd more on n hand-to-mouth basis
each day," said William Cn rut hers, thu
well-know11 Montreal exporter. “The Eng-
Ushinuu’s plan Is to uinku us carry the
whent Until ho wants It. I sold 100,WO
bushel* Manitoba, the only sort we deal
Ln, -Saturday, but ,lt was a.t dose figures.
Ocean freights are at starvation figures,
aud rates could easily advance 14<‘ per
bushel before they Would In* nt a fair and
•ssonnbly level. Stock* nt Fort William
id Port Arthur will lie pretty well cleaned
it by the tliiie lake navigation doses."
ilcerliohm cabled that Itiisstnu wheat ex
port* from the present crop would not ex
ceed 96.ouo.000 bushel* f»u- the year. This
will reprenit a fulling off of 51JTO.000 Imsh-
el* from the 19<i5 total. This shortage I*
counted Important, particularly In view
of the fact Hint the quality of the wheat
exports I* poor and will require blending
with other wheat to make It niillable.
STOCKS REVIEWED
BY NEW YORK SUN
New York. Dec. 5.—The Sun says: "Very
high rates for the use of inouer, both on
call and on time, that passed Monday,
until regarded l>y the stock market, proved
yesterday almost the only Influence In de
termining the course of values, and resulted
111 geiiitcal deallnejg In stoe‘
■ fMftrdaF lifted
Mookj^.A
I at Upper
fordBrt •
nt If4 pc
of Hl*» th
iHfses
,, ^ . CIII7 A
. atilneiit - trust i'oin|Niny, however, that Is
one of tlie Inrgsst lenders of money ott the
floor of the et«**k exchange, did not make
Its renewals until the afternoon was well
under way. amt then declined to loud any
money at less than 20 per cent. For money
for sixty days* use yesterday S per cent
whs paid on security of tlie mixed kind
ordinarily offered on stock exchange loans,
while lor three month*' and four mouths',
loans 7 11 fi«l 74 per cent was commanded,
ney for use for commercial jiur-
■exned to lie In scarce supplv. It is
holly protwblo Hint this state of affairs
would have brought about 11 iiuch greater
drop lu price* yesterday Hunt actually or-
ctirred liml It not bf»n for a prevalent f»*e|
lug that the secretary of tin* treasury would
once more come'to the aid of the money
market through the use of one of the many
measure* of alleviation that lu* has so often
practiced. As It was, although the market
was wink, there urn* no urgent Ilqtildatbui
aud the undertone display**! t»y prices was
certainly very tlrin."—Gilbert A t lay.
ALMSHOUSE TO MOVE
TO OL1) HOPE FARM
the
tit Is oil f**d for th** establish
lew iiliushou***. It I* proposed
3)0 acre* 011 which the alms-
stands on the Peachtree road
t* to tho Hope farm of
Fern
HotMtou. .
Align*!*. .
Memphis. .
Si. Dml*.
('liiciiinttl.
t
6700
Mill
M63
tvhicb the
jty recently purclms***l. The movement
disentitled by the memlicrs of the count;
HEWS FAVORED
BULLSJN WHEAT
Pit Bulls and Commission
Houses Were Fair Buy
ers Early.
brought Investors Into the market late, thus
helping the entire situation.
Corn wns under more or less nrcssur
mid times and frets failed to kola up, to thef
*on prices, closing 40%c lower.-
Data wer# up 4c.
l'rorlslduiiwere 6c tip. *•
Caab tranaactlona were* fairly -active, pad
Included all. loads wheat, , two. Ifrlda .com
and no ats at the aeatxmrd. At Chicago
there were sales of 27.000 bushcla wheat,
40.000 bushels corn nnd 126,000 bushels oats.
Primary receipts of wheat were 860,000 bush
els and corn 420,000 bushels, compared with
722.000 nnd 667,000 bushels respectively at
year ago.
( learanees were 298,000 bushels whest, 431,-
000 bushels corn and 9,000; outs.
CHICAGO GRAIN MARKET.
for today follow:
(
WHEAT-
Dec
May....
OATS^
Dec
May....
’ sir 5
rouK-
Jnn.... 14.85
Hit
777b
W
79
784
74
7*4
i
.74
42%
1
44*!
at
44*
SU
33H
.73%
35*.
S3*,
33*4
354
§ 33*4
33U
:£*4
33*2
33<J
Skiioi
.174' 15,35 15.174 16.30
14.874
15.174
8.60
8.55
8.60
in... 8.474
njr... 8.50
SIDES—
.Til U... 8.024 8-10
May... 8.10 8.20
t’ASlI WHEAT—
No. 2 red 75Viff76
73®7T» iiotniual: No.
8.60
M.5D
8.55
%4 nominal; No. 3 do 73^75 nominal.
THE LIVERPOoiTGRAThTMARKET.
ser; cmsca *s<U7S m
n—Opened unebitnge . .
higher; closed unchanged to 4 hlgliur.
CHICAGO CAR LOT8.
« orn ... .
oats. . . . if. />.♦.. /
Hogs. U . . *3
THE SUGAR MARKET.
NORTHWEST CARS.
LARGE OPERATOR
HAMMERED COTTON
New York, Dac. 6.—The 8un says: “In
the afternoon what had looked like a Ann
market liecame weak under repeated' and.
telling^ blows J’rom^tfome .large opr^tors,
ft
nary.
Signs of
as might have
Her hi the .. .....
.. , expected, they were
more plainly vlilbr* In .the at rung spot sit-:
uutlon than In anything else. Liverpool
people evidently did not • regard- the crop
estimates of a little under 12.690.000 bales
as any very distinctly bearish factor, or.
certainly, to all appearances, Lancashire
people did not, for tho spot sales In the
big English mnrket suddenly lumped to
14,900 bales, and Liverpool also bought fu
tures here to some extent. Wall street
wire houses and lending spot Interests
were among those who purchased. Cover
ing of shorts nnd more or less trading for
an upward turn gave for a time n pre
ponderance of buying orders to the transac
tions, and naturally the result was some
advance. The. rlso was in the teeth, more
over, of large receipts at the ports, rather,
liberal arrivals at some of the Ulterior
towns, relatively large estimates for
Houston, (iulvestop nnd New Orlcnus for
today, nnd pretty henry selling for- the I »
South, especially for New Orleans, which' January..
for ouce seems to be 11 hot bed of bearish bebruary.
sentiment. Many, however, closed out their Mnreti....
account* on whichever aide of the mnrket {M ,ni
they happened to lie, resolvbd to await
the government’s reports before entering
Private Wire to Glbcrt ft Clny.
New York. Dee. 5.—Marshall, Spader &
Cd.\ “As far at the effect of money rntea
on the security list can Influence the stock
market this week, we should any that sup
port will lie restricted and aoine liquida
tion will take place at the expense of
value*."
New York Central Increases Its dividend
to 6 per cent.
New Y’ork Central declared n quarterly
dividend of 14 per cent, which Is a ’
crease, of one-quarter of 1 per ceut
basis.
Dow-Jones* summary: Americans in Lon
don Irregular, but strong In places.
President’s message well received and
generally regorded ns conservative.
Interstate commerce coinmtasloq will
have to Investigate Harrlmnn - merger
Some talk of 10 per cent Uivhiend busl*
stockholders to the extent of one
their holdings.
lucrense In Lake Shore, nml Michigan
Central dividends taken nn fgcfeastlug nu
ndviinee lu New York QVBTnl mu* to 6 per
cent. ; •, • --•
"Demand by San Franebico and ’New.-Or
leans checks returning tendency .of .cur
rency, but New York should gain heavily
from uext Meek forward.
No probability of reduction III Bnuk of
England rate while present money rates
obtain In New York.
Twelve Industrials declined* .12 pec cent.*
Twenty active railroads declined, .26 per
pent. .. ..
New York Financial Bureau: AY it con
tinue bullish on New York Central, which,
should be bought on a scale-down on this
recession. *. , /,
There can l>e no question that so-called
Ilarrlmun absorptlou Is again occurring In
Union Pacific.
A strong hull tip circnlates on, Hugar.
(Mnadlau Pacific may safely/he bought for
a good turn on this.recession, according to
RMIoria. ,
One hundred and fifty predicted for Gou*
lolldated Gas by a tfcp'ltnoWn * Eastern
iimae.
On this recession, Copper Is
or lui|H>rtant Boston speqclat.. .
We regard Atchison os strength^
* " would bto* It*•
pel and Erie ar
broker* as offered,
Hew
support Around 146. and
Our bull position on LotiUvUlt-tathl/Nash
AGAIN THE LEADER
Increase in Dividend Rate
Had Favorable Effect on
Other Stocks.
ADVANCES SCORED
Before End of First Hour
. Entire Market Became
Weak and Declined.
hi.-h-
Rock Island Is held In check temporarily,
permitting speculative realising, but
do to buy later,- *. Ji.
Smelting will meet strong support to
the recent low level. .
The Brooklyn Rapid Transit * pool con
tinues to refuse the 82 Stock offering, but
may support strongly on- recessions.
One hundred and eighty Is fixed*;as-8t..
Paul’* present support. Pennsylvania Is In
a trading position; also Southern Pacific.
NEW YORK COFFEE.
New Y’ork. Dec. 3.—The market opened
at n decllue of 6©10 points, with bid* at
practically the low level of tho previous
day, ns n result of lower cables and n re
newal of liquidation. But offering* were
not so heavy ns on the previous day, and
selling seemed to he checked to some ex
tent by cables from abroad announcing that
the government of Hao Paulo had completed
arrangements for another loan of {3.600,000
to Ih* used In the valorisation scheme.
Jundluhy receipt* for tlie day were a little
lighter at about 59,000 bags, against 69,000
bugs tlie previous day and I8.O0O Imirk last
—* the two ports were 97.-
3,000 last year’—Glbcrt
ft flay.
ng shows the opening‘range and
the New*. York coffee market for
Opeulsig
Range.
.. ..5.40-5.5®
5.40-5.55
«n41n othtra I
-™8o^y**d tty slight fractional recession*.
-Among, tbo stock* that were unchanged
.Ware. Erie. Missouri Pacific, Rock Island,
BonUiern-rticlflc and Hunr.
' /Ftiji advance In the New Y’ork Central
dividend Iftfe h®d * favorable effect on
that static, which scored n net advance
of 14 points. Some fractional advance*
were made after the opening on n num
ber of other stocks. Before the end of
the first hour, the entire market became
weak nnd prices all around the room made
material declines.
Government bonds unchanged. Other
lionds steady.
Into new obligations..^’
New Orleans, Dec. 6.—The Times Demo,
erat says: "Concerted bearish efforts have
nnt'brongbt safety to the speculative short
therefore, hardly to Ih* exported that any
Importunt short Interest will he carried
over tho consequential documents the gov
ernment will Issue next Saturday and
Monday. Meanwhile, sentimental easiness
In the spot division has made the way
n little less difficult for the scalper on the
short side, but has not Increased coufl-'
donee In the nltlrante correctness of bear
ish opinions, proof of which fact Is found
In the very narrow and limited specula
tion. Price views are now predicted on the
opinion varies widely, and extreme ciiitlou
Is lu evidence among conservatives general
ly, A*bit of backbone In the snot mar
ket, however, would probably bring prlco
opponents at the ring side to time lu short
order. At the moment, exporters are en
abled to round up needed supplies until
Ics.i favorable conditions, hut ns yet the
volume of such business has hardly as
sumed proportlous sufficiently huge to war
rant a very confident attitude among the
mi-ti who Imre Important commitments
hanging over their heads.’’—Glbert A flay.
WEATHER FORECAST.
'ettern Florida and Alabama—Fair Weil-
nesday; rain Wednesday night or Thurs-
**y. ,
East Texas— Rnlu Wednesday afternoon
or night; Thnnulny fair and somewhat
colder. -
Arkansas—Rain Wednesday; Thursday
fell* and colder.
West Texas—Fair In south; showers and
colder In north portion Wednesday; Tbura-
'ff-nnesste—HaLn In west. f*ir lu cast
Wednesday; Thursday ralu ami colder.
Illinois nnd Indiana—Haiti, turning to
iow; cleariug today; decidedly colder.
Missouri—Clearing tonight; tomorrow
fair; colder. With frees!ng temperature.
Wisconsin—Ralu nud snow tonight: to.
morrow colder; cold wave north Thurs
day.
Iowa—Rain or snow tonight; tomorrow
fair nnd decidedly colder.
North Dakota and Houth Dakota—Gener
ally fnlr tonight and touiorroxv.-
May...
June
July ..
August ..
September..
October
November •.
December... ....
Glosed steady.
5.99:5.95- <*15-6.20
5.9641.05 6^0-6.25
640-6.05 0,80-6.'
. ,...6.16’ ’MU
.... ..'..6.15*6.25
w ......6.854.40
5.35-6. ID
-6.49-6.45
th6.VC.CU
COTTON 8EED OIL.
February. ,
March. . .
May. . . .
July. . . .
SUOMI
J364 36 §364
36 »364 35*436
364<9»7 :« (tl36\
Cioseil steady.
.Morur£*gt'c4rf> opened at 18 per ceut;
cpt 32; Jnweaf.lj; last quotation 27.
New-York. Bee. 5.—Declining prices in th.
stock market ^ continued during the tir«t
hour of business this morning for the
reasons that obtained yesterday. Call tn.ii,.. r
again went a a high aa 18 per cent and th-
average renewtLrate on the atoek axchnnee
loans was* higher even than average i.h. .
of the day. Vhat did more than th**
cesalve money quotations to make the *ih-,-.
nlatlve community take a less favorai,!^
rlew of the. outlook waa the further b-atr
loss reported by-Ihe banka at the v„i;.
treaanry thla morning. From Friday in«t
up to} the end of,buriness yesterday niorii-
jug more than 83,000,000 baa been paid over
by the hanks, tlie major portion represent,
lug transfers of currency to San PrauH*-o
and New Orleaus. At the name time lut*.
rfor oxchnnge, ‘which, up to a week ae>.
ruled at a,premium, has now fallen to
discount. Indicating that whether temporary
onnptrOie^flow of ‘money Is agalu a wa r
frOmAew Ynrg. 1 oUsldcratlon of what nil
11lls mean’for the bank statement
ar the end of (he Week was the main In-
mient e In ’today** security market. At the
ftamil’ttfne’.ihe-’ repprt that the Interstate
** •bout to start an
InWIgatldn-of the Ilarrtman Pacific roads
)Y1tM a-view to'determining the legalltv nf
tb^aileacd .conjbluatlon under the nntl-
lirpat laWVhad,ft more or lest.disturbing of.
rr c i , - nnd " oth Paclflc nnd Southern
1’ljHflc were tather exceptlonnlly weak in
tli^early trading. lu the rest of the lint
tb^ pressure to sell was not partlcularlr
nnd when support appeared In va-
nr there was a moderate rnllr
New Y’ork, Deo. 6.—The stock market
opened Irregular. In some cases tho open-
•Ing 1
.-OV, ]
folio
MINING 8T0CK8.
Boston. Dee. 5.—Shannon 174; Old Do
minion 554; Greene 274; Copper Range
hyy 111 ** !
LONDON STOCK MARKjET.
STOCKS-
Amalgarakted Copper.. ..
Anaconda.. .. *.
Atchison
Baltimore nud Ohio
Canadian Paclfle .
Chesapeake nnd Ohio.. .,
Denver ami Rio Grande..
Erie
do, preferred
Great Western
Illinois Central
Kansas and Texas..
do, |
Loulsvl
Mexican Central
New York Central
Norfolk nnd Western..
Northern Pacific. ..
Ontario and Western.. .
Nvlranla....
(lelnbla on '
Rock Island..
Philadelphia nnd Reading.
TO OFFER REWARD
FOR ASSASSIN
Special to The Georgian.
Chlpley, On.. De#. 5.—After the murder
of C. II. Brooks had occurred'last evening,
the authorities cominanicatcd with Ln-
Orange mid Ncwiian for the purpose of se
curing bloodhound* to track the fugitive,
who, after coinmittlug the crime, escaped
under cover of darkness. The sheriff of
Harris county arrived on the scene at u
late hour, but his dogs failed to strike a
trail.
The assassination remains a deep mys-
tcry.
The cltlxeu* are planning an Indiana-
SOUTHERN EXCHANGE
Oldut K«t»bll«h,d OlDc, South.
COTTON—STOCKS—BONDS—GRAIN
Ground Floor Gould Building. Dally
market letter and mnrket manual
mailed on application.
Ft.-Paul
I'nlon Pacific
United States Steel...
•lo, preferred.. ..
Waliasli
do. preferred...
LIVE 8T0CK MARKET.
fair: left over
hulk $6.20fe6.40: esti-
i*ugh
«.4t*;
mlxeil S6.054i6.45*
15.8586.45: pigs $5.50^6.^; yorkers $6.8S4$6.4
rikhI to choice hoary 86.35fi6.45.
Cattle—Receipts 24,600. Market genernlly
steady; quality fair; beeves S3.tStf7.40;
row* $l.25tf4.90; heifers 82.25475; calrtm
7.50:- g«HHl prime steers 85.40tf7.40; poor to
medium $3.66^5.30; stockers nnd feeders
$2.50tf 4.60.
Hheup—Estimated receipts 22,000. Market
steady to 10c higher: finality fair: native
$3.25t|C.*45; western 11.25415.70; yearlings &.50
ra6.2’»; lambs $4.59^7.75; western $4.50477.79.
L.J. ANDERSON & CO
Bankers and Brokers.
COTTON, STOCKS, CRAIN
Correspondent's Capital $250,000
itcrcneNCC. the neal bank
PHONE MIT. PRUDENTIAL. BLOC
New York.
Baltimore.
Boiton. Chicago. Waahington.
Atlanta. New Orleana. San Francisco.
Philadelphia
London.
Freak IlnwklQi. Pmldent.
fy.re. Aut. Cuhltr.
Third National Bank
Capital
Surplus
$200,000,00.
$300,000.00.
DIRECTORS: J. H. Nmmally.
Frank llawktna. J. Carroll Payaa.
11. M. Atkinson. E. B. Roaaer.
Joseph A. McCord. Davit! Woodward.
The American Audit Company
100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A., Prea. G. E. MANWARING, Vice Pros.
THEO COCHEU, Jr., 8ecreUry.
Tho American Audit Company,’ chartered under the laws'of New York,
la empowered to examine the affairs of, and make reporta upon the finan
cial condition of private and public concerns for directors, officers and in
dividual.,. The preparation and installing of systems a specialty.
ATLANTA BRANCH. 1015-10161017.1018 FOURTH NAT’L BANK BLDG.
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdit, New York.
ALONZO RICHARDSON & CO.,
*
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 8£>&
VTLANTA* GEORGIA-
will bo ninth*.
Mangled Under Train.
Kjti'rhtl to Thu Uvorglan.
VUilombiJ^Un. I>i»«*. 5.—The body of
:i negro *wy 14 >eara *if ngc wai
brought tt* this city Iasi night In a
erhou* sin k. DuRtk fit’n horribly* than-
gletl condition. Hu was run over by
*the Hlnnlnglmm passenger train. -
C lurch Elaeta Officers.
HfM-f-btl t.» Tho Huorctiin.
I’olutnhu.**. iln.. lK*c. k—Tbr elcctlt.n
of «»f Trln't* E:>i»i‘t>i>al yhurvli
was held Monday ' night. No ac-
tf*»n w.is taken hHikftig to Uw riccfion
•*C a pustur.
WM. L. FEEL, Frasldsnt.
ROBERT F. MADDOX. Vies PratMtai
THOMAS J. FEEFI.$:S. Casbltr
JAMES O. LKATKR. Assistant Ca«kt#r.
JAM. p. WINDSOR. Assistant CavbUr.
AtADDOX-RTICKER BANKING COMPANY.
CAPITAL $200,000.00'
SURPLUS AND PROFITS . . $500,000.00
Accounts, small as well as large, invited.
3 1-2 per cent interest paid and compounded semi
annually in our Savings Department.
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.
Ccrresponds direct with the National Bank of
Cuba.
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