The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 05, 1906, Image 12

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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. wsssawssssaswassswsMRssaasBBasaasaa t