Newspaper Page Text
TIIE ATLANTA GEORGIAN.
PRIDAV. DECEUBBB
NEWS AND GOSSIP
of tho F16ecy Staple.
Market Was Professional in
Character, Outsiders and
Spinners Holding Off.
New York, Doc. 7.—The undertone of tho
Jornl rot ton market nt the outride thin
morning wan steady nnd hunt neat fairly ac
tive. After the call. the oclUng pressure he.
came rather aggressive, and the n|M‘iiing de
cline of points was Increased to litfill
points. !.oenl .operators tvere the chief
tellers, persunmldy on stop orders.
The Llverimol market for futures closed
easy 7%<«ll% lower, front the opening dl«-
playing unexpected weakness. As usual In
eases of sudden weakness in that market;
It
Is a fnvorll
tO bfCflk www
Ktfpt nerving the purpose ns well as any
other country.
Following la the range In the active
months In Liverpool today.
Open. High. Low.
Iteeemlier. {•** J-fj KJJH
January rehrusry 5.5i £>.»• [i.MH
March-April ‘'-59 *'-JD 6.5»»
May-June 6.® 6.64 6.59%
Spot was marked down *1 points, making
middling 5.97d, spinner* taking only 7.000
hales ill the decline.
The New York market for futures opened
steady 4fi6 points lower for the active
months, and during the morning sold down
111212 points additional^
■ „ ■ Urnt
hands, thus leaving the hulls and heart,
the floor of ihe exchange to tight It out
among them selves.
The movement continues on an enormous
aenle. the estimate nt the ports being 58,000
luilcs, compared with 47,349 actual Inst
year, while the Into-slght 587,000 to 597,000
hales by Secretary Hester, of the New
Orleans exchange. „ „ ,
Superintendent King, of the New \ ork
exchange, makes the movement Into sight
for the 'week 5*5,844 hales, against 444.131
last year, and for the season no fur 6,292,-
m, ngnlnsl 5,857,515 Inst year.
VonuMir'inofement of cotton Is ns follows:
'• 1906. 1905. 1904.
Receipts 88.009 92.000 69.9)0
Shipment* 17,000 22,000 3,000
Alexandria receipts..310,000 320.000 300,000
Hester’s statement of crop movement:
1908.
OVerlaml for week. 61.068
HI lice HeptemlaT I. 345,360
1905.
46.941
304,704
'in Sight’for week.. 591.4IH 419,616
Hllice Heptomlwr 1.6.383,849 5,921.030 fl.639.H92
The market from midday to the close dis
played h steadier tone, an advance of soma
lOfftl |*olntH from the low point tuklng
pln<*c, the elope l>elug steady net 5ftll points
lower. ■
rlvate Wire to filbert & Clay.
New York, Dec. 7.—Liverpool at 12:39
. m.. 4%tf5 lower. Was due 3%{r4% low-
On this hasls, we should open 14/2
ernool cables: ‘‘Egypt selling.”
The iHMtrd of manager* have Just an*
rammed that curb tnnllng^nlll not la* |*»r-
taltted. r <• V ■
• Market here broke on Ltvcrpmd Killing
and New nrlenna estimate,for tomorrow..
The Journal of 'Commerce:. “The vn|jime
of the demand is being ynfttalncd no well
that the point has been reached where cau
tion u being exercised openly In the ae-
e of huMlness for deliveries going
.f June, 1907.”
Orleans, Dee. 7.—IJverpol at 1%
down Is a shade better than due on our
closing. Was expected 5% points lower.
At the mornerir. market fs steadier on
rumored report of large cotton tire In Hous
ton, Tex. If this report proves groundless,
the weight of the exceedingly heavy
movement expected will nrohghlv exert con
siderable pressure on price*. No news of
spots Uet.
Very little business Is reported thus fsr
in splits tinlay. However, the first Friday
tu the mouth Is revision day, and It is
said thnt there may be some narrowing
of differences between middling and the
low grades.
The western forecast Indicates fair
weather throughout, with rising tempera
ture* tomorrow.
Tl lnwut Imllrnli-* fair «•*»- Dnaw.r. * U'i.Imo.
r tonight nnd tomorrow throughout, with j ni.tlllrr’, dwnrltlr*.
Edited by
Jdecph 13. Lively
Mr. Urrlj'. iwrnt/Or.
yeara* experience of ed
iting innrketa In Atlanta
and Hi* South baa pad*
him a rccognlxed au
thority In bf« apecfalty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAUR or STOCK.
Amalgamated Copper
Atlnntl* C’oeat I me. .
American Sugar Hit. .
A ii* com)a . .
American LocomotlTt.
do. preferred
Baltimore A Ohio. .
Brooklyn Rapid T. •
Canadian Faelflc. . .
Chicago it Northw’o.
Chesapeake it Ohio.
Colorado Knel it lroa
Central leather. . •
da preferred.
NAME OF STOCK.
112% j| N. U Uni. a Western.
. . . . lhl 183% 189% 1X3%
. . . . 227 229*4 226% 229%
. . . .1 7ft?* 71 | 70%; 71
mwli Inwrr iMu|M Tntnru». I Erie i 44VI|.«M4 «*| 45-14 «H H]
A .Non* A ork lolegraui link rw-.-lviul (] 0 tirrfrrrw.1 ;«t. "«!* 7*5 7ii T'l-S ~ '
li-r.- to the ofr.Tt thnt the untlounl gluunr. aenenf Electric ; MsO MBV4I 1«U4) IK'* 177
report, to In- leeucl lin.Unl.ly t.mmrniw. minol, Centrel 175 [ITS i 175 175 1175 175
will ,lmy tlmut -J.we.i.-J link, glnrn-d. nnd Am. Ice Heturltlee w s 1 M ns ss
.,f nlnnit ll.iou.irM . Um'tavllle A Nanbr'lli.:
1 Mexican Central.
Misaotirl Pacific.
offered
DRY QOOD8 MARKET ITEMS.
New York Commercial.
Aa an Instance of the strength of the flue
{ am goods, It can he- stated that
nown ticketed cambric which three
ago sold at 9% cents Is now selling
ranee nt 10% cent*, more business
than the mill can possibly handle.
The difference In exports of cotton goods
to Chinn {luring Octylier of tills year a*
compared with the same period In 1906,
namely, 8.796.537 yards this October, as
against 29,828.023 for October. 1906, is causing
much comment In the trade.
It la stated by commission merchant* thnt
their mills report In some Instances 25 per
cent of the looms ns being Idle • through
lack of Intior, while their order Isaiks are
rowded with contracts calling for Immedi
ate delivery and for months abend.
Staple cotton goods are steadily atlffenlng
..p. First hands In this market state that
Iniyera who wore oncer tain about placing
orders for delivery next March are now
demanding December deliveries on good*
not due until the end of February.
On line dress ginghams, wash goods and
prints the only trouble sellers experience is
Jii being able fo get goods to fill order. The
stability on price Is beyond question, and
many look for goods now held nt values to
•main so for nil Indefinite ficrtod.
On heavyweight cottons It was stated yes
terday by a number of lending commission
houses that orders have been accepted call
ing for August nnd Hcptcinf»cr delivery, ami
Hint the largest price now prevailing win
obtainable fu ntiy goods for nearer ship
ment.
Delivery on heavy cottons, especially
. . . .! 144%) 146*41 144% 146% 145*!
. . .. . 24*| 25%I 34% 25% I 25%
!«S 94>4| 43 Mttl 41*4
National Lead.
Northern Pacific. . .
New York Central. .
Norfolk * Western.
IVmi.sylw.nlay ....
People’* (in*.
Pacific Mall.
Heading.
Republic Steel.
do. preferred. . .
filma-HheffieM. . . .
Teuii. Coat a: Iron. .
Texan * Pacific. . . .
Union Pacific
United States Steal.
do. preferred. . •
Va.-Car. Chemical. .
do. .preferred. . .
Western Union. . • .
Wnbasb
do. preferred.
94
4&V 4s
i 75% 74%
219% 221% 217%
1*J 134% 132%
92 n
92 I 92
137%
137%', 139
92 ! 92% | a.'
f*4 ! 31% M
9S | 9X I 9i
4>%i 41%,; 46%
| 146% I 148%| 146%
21 ‘
67
49V 49'
74%! 741.
221% 221% 21X%
134**1 134 123%
92 92 92%
13*%! 13S% i 137%
92% 92% 92%
R4%! 54% 1 51%
98 , 98 | W
. 41% | 41%' 46%
4»J% 148%! 14X%| 146%
, 38 ! 39 1 38% 37%
31% 30% 31%j 31% 31%
67 | 67 ; 67
5t%! 51%| 51%
94* ‘
m
: ^
: &L
51%
107
93%
76 ' 74%; 76 ’[ 75%; 74%
' 169 160
37% 37% 37%; 37%. 27%
1S5T4 183%| 185% *|85%| 184%
48% 48%i 48
104%j lid^j 104%
TIPS FLASHED
From Wall Street.
48%
V‘%
109
,T>
1(0 1 !•#*
1'4* ■
«%«
*42%J' *42%|* *42%! 42%
’.)' 50%)' *50%! ’ W%i * 5 jii j 51J
TotalMbwIi sales' ttwlay 781.1»a shiires
NEW YORK.
1)1*0.
5 % i ,SJi ,
* s 2 S3
Jnu [W.Wjlo.lo
Erl I
Mnri-h. . . .jlo.Mllo.a
Awll. . .
Mot 15.37 10.39 lu.35ll0.37! 1U.3S-37 10.42-43
-rilll,- 10.30 10.30 10.30 10.30 10..TM1IW.44-4S
July 10.37 10.40! 10.34 10.44 10.44^5110.494*0
Alik UP. 30! 10.30! 10.30! 10.30; 10.9097110.30-3S
».9»; ».»! 9.471 9.5f,| 9.03-94 10.04-lM
9.»7!l0.07|M.'l«-(l7 10.13-14
I10.15-17 10.31-23
rinsed steady.
NOTES ON GRAIN.
Pointers on Provisions.
LIVERPOOL.
The following figure* give the opening
range and close, compared with yeaterday:
Futures opened easy.
Opening Previous
Unnge. 2 p. m. Close. Close.
December.. .5.63 -5.63% 5.63% 5.61% 5.68
Dec.-Jan.... 5.59%-n.flo
Jan.-Feb.... 6.57 -5.59
Feb.-Mar.... 5.58%-5.59
Mar.-April.. 5.59 -5.60
April-May... 5.60%-5.62
Mny-June.... 5.63 -5.64
Jti in*-July B.64%-5.65%
July-Aug 5.66
Aug. Hept... 5.60 -5.59%
5.69 " 5.57 6.65
5.5* 5.54% 5.63%
5.89% 5.55 5.64
5.59
mJ
Closed easy.
5.60% 6.70%
5.61% 5.71%
5.54% 5.65
NEW ORLEANS.
The following lx the range In cotton fu
ture* In New Orleans today:
S3
a
i
M 1
ft
i»ec
Jnu
Feb
March. . . .
iC:.;:
Ju ue
July
10.49
10.40
iolci
10.64
1*0*72
10.50
10.44
10.54
lflLW
10.74
10.89ll0.5OilO.49
10.31110.42 10.42-43
! 10.17-48
10.40'l0.52 10.52-63
1 10.56-57
10.53 10.66110.65-67
( 110.69-70!
10.69110.74) 10.77-7*1
0.48-50
0.43-44
0.48-49
0.53-54
0.57-58
0.67-68
0.71-72
0.79-80
Cloned sternly.
. „ hh|s.
1904. not be made Inside of four to flic umritlis.
65.113 1 A scarcity of lalsir t<» operate lo4ims Ik one
378.961 of the main factors In reducing the vofumc
608,658 of giNHls coming forward. Mills can secure
large additional business on t\pdr terms If
deliveries roQld be nssuml.
Tlie lending handlers of bleached cloths
statu that market conditions are becoming
stronger dally, nnd thnt further ndvnnees
.... Grt.734
47.349
13,386
438,792
290.050
148,74f
Comparative receipts at IT. ft. |iorta:
Net receipts tmlny
b’ume day last year
Increase
Total receipts for the week.
Fame week last year
Increase
Total receipts since Kept. 1 4,716,739
Home time Inst ^ear 4,292.416
Increase 424.323
Bstinmted tomorrow:
1906. 1905.
New Orleans 17.000 to M.000 6.»>6
Cnlvestou 21,000 to 24,000 14.437
Houston 14.500 to 15,50011.21s
Movement at Atlanta:
Receipt* today 1,156
Ha me day last year
Increase
Hhlptuenls today *. 2.215
Ha me day last year
Increase
Htock on hand t«slay
Hattie day last year
Increase
mouths In advance, nnd the demand Is still
far from satisfied. The fine yarn roust rue
tIon cloths are expected to hold their full
value chiefly because of the scarcity of Urn
grade cotton. Mills are obliged to pick
supplies III 25 to GO-hnlc lots, and
far from being covered.
Mi
SPOT COTTOK (MARKET.
1 .Ivorpool, steady; middling uplands 6.96*1;
sales 10,000.
Atlanta, quiet: middling 10%c. .
New York, quiet; middling 10.954-.
New Orleans, steady: middling 10%c.
Augusta, quiet; middling Ur.
Ht. IkOttis, quiet; middling lie.
Havnunuh, quiet; middling lo?-l«e.
Houston, quiet; middling 101116c,
Baltimore, nominal; middling He.
tinivestonfl steady; middling 10%e.
Charleston, steady; middling IOV4C.
TODAY’S PORT ^RECEIPTS.
The following table ahows receipts nt the
Interior towns today, compared with the
same day last year:
New Drleana. .
Calvestnn. . . .
Mobile
Havannnh. . . .
charleston. . ,
Wilmington. . .
Norfolk
Baltimore. . . .
New York. . .
Boston
Philadelphia. .
Brunswick. . .
Newport News. ,
8720
2278
3615
INTERIOR RECEIPTS.
The following table shows receipts at the
Interior towns today, compared with tb«
same day last year:
Total,
26600
GIBERT & CLAY’S
DAILY COTTON LETTER
New Orleans, Dec. 7.—Liverpool ruble*
wen- again favorable tu tone, their views
tielng based upon the general excellent cop
dltlou 4if the split market, sales In which
amounted to lo.uou bales nt a hiss In quota
lions of 7 points. Options, boweve/, were
«uhj<-cted to considerable liquidation, ow
ing to the near proximity of the Amerl
ran government's estimates. Totlay’a mar
ket was distinctly an uninteresting affair.
• of 1111 exceedingly liberal luoveuieut.
But with the small Interest that the mar
ket uow holds. It was only natural that
|*r!ee changes should rule rompnmtlxcty
spot demand is also a factor which of late
has proven significantly favorable to lower
levels and augmented by the constantly In-
c-reaslug slxc of ihe moveiuent, unturally
gives rls«» to beliefs that now prevail to the
i-freet that consumption of an unmistaka
ble character must henceforth furnish more
than a tentative Influence in creating high-
AMERICAN CROP
IS OF LOW GRADE
NVw York. Ike. 7.-T{!• $uqj «ijrk:' •*rii
planter and the mill owner wre still very
manifestly the rilling pow-ers In the rotton
trade, and futilres advanced slightly, uh
much In recognition of this fact as from
any other cause. The rvcelpts continued
lllH-rnl, but It Is by 110 means*.clear thnt
they are going to keep tip nt the present
rate fm- any great h-iigth of time, l^ind
and water trnnstHirtntioii facilities are se
verely taxed to keep uti with the require
ment* of the cotton bunliu-ss at In mu- nnd
abroad. Meantime the high* grades con
tinue so scarce nt the Hotifh- nnd so diffi
cult to obtain even nt high premium* thnt
some New Huglnml iiinnufncturcr». It bi
stated, have tai-n forced to luiiHtrt
Egyptian cotton Ht n cost of iilmut 2(h* a
(Hiuud. It Is not Intrinsically better cot
ton than American, hut It Is of tin- hmg-
.nfnplcd sort required for certain gtssls.
More and more It lM-«-oinea evident that this
is u low-grade Aiqyrh-nn crop. Thnt meana
1 trade
the giHsIs m-cdetl In a world 1
was s4-ldoin If ever its large ni
even leaving t'hlim out of 11
China were buying, ns nhe bn
recent years, the situation In the raw
».»!-. which
It Is now.
count. If
bought In
nmIs trade
„ . iCQtf than . ..
f.ancashfre Is doing the fo-st Imsiness that
It has had for u generation. The current
ns to the amount ginned and ns to
to of the government's crop estimate
a wide range, and are practically
valueless, lit such circumstances, It Is not
unnatural that the speculative pure should
How down very perecptlhlv. and It Is,
least, conceivable that nothing reniurknlde
Is llkclv to develop.”
New Orleans, Dec. 7. -’’Yesterday's cotton
market putxled the talent, but wns not n
faith shnker. for obvious reasiiUM. H|h-«-uIu-
flrniiu-ss tu the wake of encouraging
spot news throughout the fiimioon. but 11
tsdt from the blue struck the hu-nl ring
vlien nil official deelliu- «»f an eighth of a
■cut on spots was uuuoom-iil In tin- late
iftcrntHHi. Interior points, however,
avoided tin* nniwarnnct* of weakness, a fad
which left lots of hope with tin* bull fac
tion. At the moment fortune’s eat Is cross
enough to suggest the advisability of keep
ing beyond reach of bureau day scratches,
n course the talent now hah-min pretty well
tncllueil to follow. Meanwhile, the cotton
market is bringing to light yey
Private Wire to Ollw-rt A- Clay.
t’lilengo. I»e<-. 7.—Wheat opened miehnnged
to higher, and has nn-t «*onslderalde
selling 011 resting orders nt 79%e for May.
JVc are bullish on wheat, corn and onta.
they o r«- got ting In it stronger posli Ion
every day. Buy .now.
Chicago Rivord Herald: “The Mlnneso-
mtput last week. Instead of showing it
■•nuerliil gain, decreased 15,100 barrels, say*
The -Northwestern Miller. The quantity
turned out was 279,960 barrels, against 351.-
2im baVrt-ls In 1!*C» and 270,945 t»nrrels In
19d<. Mills which are usually found In the
operative list w«-re shut down Haturdny
night, nnd are Idle this week. Lack of
shliqdug directions wiih the enuse. It Is
not certain that one or more of those now
In operation wifi not stop befori- the end
of the week. MIlilleilpollN mills found trade
unusually dull Inst week. A few of them
dlk|>osed of a rcducM- output, hut stteh were
the exception. Fiistern buyers apparently
believe It to their Interest to take flour
sparingly, regardless of what wheat does,
and are acting 011 that plan.”
Ohio report, us wired here by King, of
Tolt-do, makes December wheat condition
98, last month 96, Inst December 98. ami nt
harvest 99. Prop was 43,000,000 bushels. No
vember report made area sown this fall l
per cent abort. Corn crop 125,000,000 busn-
els, against pi9,00o,0iN> bushels a year ago.
The report says 42 per cent of the 1906
wheat crop was sold from the nmehliie.
Hessian fly and .grub worm did 2 per reut
dniaage %o growing wheat. Otherwise per.-
feet, .largest corn yield j«*r acre and crop
over known. Orfly 2a |a*r cent of clover owed
area sown was cut for seed.
’•The Isittle on the bull side of wheat Is
won, in my opinion,” said K. \V. Dennis.
’’When May wheat sold ut 75%c, on Sop-
temU-r U,' It sold nt the lowest price it
will sell on the crop. Men. opinions and*!
sentiment all have to go down and out be
fore the ruler, and the ruler I* the situa
tion. and the situation Is bullish.”
STOCKS REVIEWED
BY NEW YORK SUN
New York, Deo. 7.—The Hun says: "There
was no change yesterday of any account
worth considering In the-local money situa
tion. The scarcity of time money was in
creased. and was so proinlueutly in evl-
thnt In calculating the time when
some distant relaxation In money was like
ly to occur, bankers were generally In
clined to place this period somewhat later
than the new year. Speculative Wall;
street was plainly disappointed; |
was dec In red to In- the tnenger
relief cxtetideil by the secretary of
treasury in Ills offer announced latoL,
11onlay afternoon, to anticipate the bay-
inept 4if 112,000.000 Interest on government!
bonds, falling duo In the first two days of
11907. I*|» to the Inst half hour-of stock ex
change biislm-ss yesterday, the security
market was utcrly listless, although some
what heavier tlmu It was on Wednesday.
Tin* market scented to suffer more from
the withdrawal from It of active specu
lative Interests, rather than from nnv tig
ovinis liquidating tendency. An Im-blent of
tin- day that provoksd considerable discus-
stoii wns the speech made by a leading
banker at the meeting of the ehnml*er or
i-otntm-ree. In which he urged that reforms
lie enforced In the ineth«M|* of lending mon
ey on call on the stock exchange ami de-
uoiinccit the fluctuations In the call money
mtes here us uncalled for uml hurtful to
icm-ral financial affairs.’'—(Hliert A Flay.
PRICE MOVEMENT
IN WHEAT NARROW
Opening Was a Fraction
Higher, Which Was
Later Lost.
Chicago, Dec. 7.—Wheat coined
higher for the day.
Coru was %e off to %o up.
Data were 'uCHic lower.
I’m visions 54115c lower.
Many of the wheat la-ara have Ih-cii trap
ped and they will now Ik- forced to go Into
the big wheat pit nml cover their contracts.
Minneapolis was strong for rash wheat and
the trade here on country milling account
was good.
Fash sales here were 70,000 bushels wheat,
50.000 bushels com and 125 bushels oat*.
The aeatmard reported 18 loads wheat, 2 or
corn nnd 100,000 bushels oats.
A round lot bf No, T red winter wheat
changed hands here, outside millers being
the buyers. Tho prleo was not made public.
Clearances of the week were 4.567.000
wheat nild 1,109,000 bushels com, compared
with 4.235,000 and 2,440,000 bushels respec
tively n year ngo. 1
Primary receipts of wheat S27.000 bushels
and corn 476,00) bushels, compared with 827.-
000 nnd 666,000 bushels res|»ectlve|y a year
ago.
The day’* clearances were 395.000 bushels
CHICAGO GRAIN MARKET.
WII FAT—
1$
May..
July.— . ,
COHN—
Dec 42%
May 43%
July 44%
OATH
Dec
„„„ May
whnt i ** u t ^ 33 **
quantity of
33S,
elopments
Ollmrl
CHINA TRADE EELL OFF.
Washington. Dee. 7.—The \alue of the
shipments of cotton piece g.ssls fsom the
Fnlted Klngtlom for the month of October
I22.085.3JH. The wiles to China fell off
i-what, hut the requirements of Turkey
• on an exeeptbmally large scale, and
Argentina ami Brasil took an aopri-cintdy
largcr timiiitlty than last ymir, while India's
also Inc
WEATHER FORECAST.
tleorgla—Fair Friday and Hatunlay- much
colder Friday.
I^Milsiana, Mississippi. Alabama and West
Florida - Fair nml odder Friday; Hatunlay
fair nml warmer.
“Fast Texas—Fair Friday; colder In south
portions; Saturday fair ami warmer.
Arkansas and West Texas—Fair Friday
and Saturday; warmer Hatunlay.
Illnois, Missouri. Indiana, Kansas, Wis
consin ami Michigan—Fair tonight ami to
morrow;
NEW YORK COFFEE.
»Ncw York, . Dec. 7.—The coffee market
opened »ton«|y at unclmngi-d prhvs to an
novum-** of 5 poluts nnd lu-ld steady dnrluc
the early Messloit on a tmMb-rato ib-matel III
the absence of aggressive offerings. Prices
Improved a little on some p«islt)ons after
the
the
aeil 1
» Spi
signet]
bill. The o
einl feature. Receipts If 1
shade lienxler, but attrnctetl
little intention, nnd foreign markets were
steady.- «*ll»ert A Flay.
Following shows Hie opening range nnd
close of the New \ork coffee market for
today:
Opening
Range.
June..
July
August.
Hopt '
Flo*
6.25 6.35
6.SW6.40
1*. 40-6.45
6.46-6.50
THE SUGAR MARKET.
New York. Dee. Uetltied and raw sugar ;
markets stt*:idy. lamilou l*eets steady. j
Coffee quiet: No. 7 lUa. 7'4.
Sugar steady: gramilattal 4.Hi.
PORK—
Jan.,. 15.40
May... 15.8*1
LAUD-
Dec... 8.6*1
Jnu... 8.65
May... 8.67%
u%
79%
78%
74%
79%
78%
4.:s,
ii>.
42%
44
44%
42%
43%
44%
Sl*i
35<5
33-;
'.»%
H
33%
33%
«n\.
■* THE WEATHER.
LOCAL FORECAST.
For Atlanta nnd Vicinity—Fair tonight
and Saturday; temperature below freoalng
tonight; not so cold Haturduy afternoon and
night.
WEATHER’cONDITIONa
The’entlre country east of the Rockies Is
under the Influence* of uu extensive urea of
high pressure whose center la now over
Minnesota nnd Iown.
The storm area that was over the etiatern
lake region yesterday morning lias moved
northeastward, causing general snows In
New York nml New Knghiud. A second
area of low pressure Is centered to the
north of Idaho nnd Washington and is
causing rain or snow nml higher tempera
tures in thnt section.
Italn has fallen at most stations south of
the Ohio In the Inst 24 hours, hut iim a re
sult of the advance of the northwestern
high barometric urea clear ami colder
weather «-overs the entire 8011th. Falls lie
temperature of 20 to 34 degrees have oc
curred In most states cast of the Missis
sippi. Atlanta is 3) degrees colder this
morning than at the same hour yesterday.
The eastward drift of tho high will cause
on11uued fidr weather In this section t<
Private Wire to Olhert ic Clay.
New York. Dee. 7.—Marshall. Spader &
Co.: "Today's trading can hardly fall to^
reflect a tit Id pat Ions of tomorrow’s hank
statement, and until the carry-over irtetr
until Monday have bed» satisfied, the tunr
ket may be dull nml present periods of
liquidation.” ^ ...
Itow-Jonea’ summary: Aigerleniis In Is'
don steady at nlniut parity. Ixmdon market
quiet and featureless.
Interstate commerce commission an
nounces Its Intention to Investigate Ifnrri
mail lines.
Steel trade suffering from shortage of
cars.
Hteet plates advanced $2 a tou.
American Car and Foundry declares
dividend of % of 1 |w»r rent, placing Che
common stock on 2 per cent basis. Thla la
the first dividend since 1991, when 1 per
cent was paid. .
President Ripley of Atehlsoli says Noretn
lw»r earnings will be as heavy ns those of
October.
Twenty-two roads for the fourth week In
Novcmlicr show nil average gross Increase
of 8.58 'per cent. /
Twelve industrials declined .45 per cent.
Twenty active railroads deejined .74 per
cent.
New York Financial Bureau: The Ilernlu
re|H»rt of Bock Islam! acquisition of the
Memphis. Kciisns mid Texas explain* recent
Waving of both stock*.
We thiuk Rook iKlniid should be bought
on nil recension.1.
We do not believe much will be accom
plished by the bears on the Union Pacific
Investigation, although the technique of
that stock weakened late Thursday nnd
sup|>ort may have been reduced toward 180.
We would buy It op n scale down.
The df ‘ **• * — ~ -
dividend
stock today.
Copper meets support of a scale-down
kind toward 111.
A Smelting siteolnlist says the support In
that stock is strong toward 150.
Atchison Is in the trading limits of par
turns still on recessions.
Hr. Paul «up|
limit. Mhotild ...
would perhaps drop sharply, owing to stops.
Fuel Is meeting stock now 57 to 58.
The news l*elug out, further realising In
New York Central Is expected, hut lielow
could be driven lower.
Rending Is held now between 149 nnd 146.
Southern Pacific Is In the trading limits
of 96 uml »l
Steel should lie liought on a scale down
supiHirt la-lag strong around 46.
DIVIDEND DECLARED.
Wall Street Hlimitry.
Tho American Tobacco Company has de
clared the regular quarterly dividend of 1%
l>er cent on Its preferre'd stock, payable Jan
uary 2. Books close Deoembei 15 and re
open January 3.
The Chicago Great Western Railway Com
pany will pay the usual Kcmi-nununl divi
dend of 2 J*er cent 011 It* delienture stock
ou January J-*>. Books close DeromI**
and reopen January 2.
The Chicago and Northwestern Railway
oinpnny ha* declared the regular quarterly
dividend of £ per cent on It* preferred
stock, and the usual seiul-nnmial dividend of
3% per tout on Its common slock. Both
dividend* are payable January 2 to holder*
nf record December 12.
The Consolidated Bunk of New York ha
declared 1111 Initial Neiul-nimiial dividend of
3 per cent, payable Jnuuury 2. Books c-lom-
December 20 nnd reopen January 9/
The InteriNirougli Rapid Transit Coninnnv
ha* declared n quarterly dividend or 2%
f»r cent, payable January 2. Book* clone
'H-emlier 17 nnd reopen January 2.
The Lake Krlo and Western Railroad
Company has declared a ,semi-annual dlvl-
dead of 2 per cent 4111 It* preferred stock,
tiaynble January 13 to holders of record
Dwember 29.
The Maryland Coni Company lias declared
the iiNiml Hciiil-nnininl dividend of 2% per
rent 4111 Its preferred stock nml an extra
SESSION STARTED
TO
High Rates for Call
Without Effect in Ear
ly Trading.
ROOM TRADERS Rpy
Some Slight Declines i.
First Fe\v Minutes, Thou
Turned Upward.
Cali money opened at 25 per cent- hli
C6 per cent; low, 2 per cent; Inst iY,,„
|M*r cent.
night nD*l Hnttirdny; temperntun* below dividend of 1% per cent, payable Deeembe
freexlng tonight; not so cold Saturday 31. Rook* close December 19 uud reopo
iiftermNin and night. Jnnimrv 2.
Mohawk
Minimum and Maximum Temparaturaa
and Rainfall.
Obterratlooi taken at 8 a. at., totb merI.
dlau time.
8IDK8-
Jnn.... H.
.May
15.82%
15.67%
8.67%
8.60
8.62%
1.67% 8.65
8.50 K.r» 8.;
8.45 8.35 8.;
AHII WIIMAT—
2 red ?6t*76% nominal: No,
THE LIVERPOOL GRAIN MARKET.
Wheat—Opened *» higher: at 1:3J |». 111..
imehnnged to % higher; closed % hlgln-r.
• orn—opoiittl % higher; nt 1;3»> p. m..
% higher; close<1 unchanged to % higher.
LIVE STOCK MARKET.
—Hogs— Kst Inin te»l
. Jpts 28.000. Market strong t«* 5»? hit.
bulk fti.Mfl.5ft; light 8fl.M*47%; mlxeil
$6.15^6.55; heavy $5.U5{f6.65; „fougb 55
heavy Li.u.^ib.60; rough $5.«i5li*
6.40; pig* $6,401/6.45; .vorker* $o.95n6.]5; gooil
t«» choice heavy $6.45||6.55.
Cattle—Esllmafetl receipt* 3,09*. Murket
Hteady; quality fklr: tn-ves $3.9*>^#7.45; rows
$1.254i4.6>: heifers t2.254|5; calve* 15^7.50;
g«M)d prime *t«vrs $5.4'%*.45: poor to me
dtum $3.90*tf6.35; stin ker* and feeder* $2.50
ft 4.50.
Hheep—Estimated receipts 12.000.
Abilene
Amarillo
Asheville. ....
Atlanta. .....
a'&VA-.-.v;:
IlSirtirSI. . . .
ffostefn.- .**; . . .
Buffalo
Charleston. ....
Charlotte. . . .
Chicago *.
Clnelunnti. ....
Corpus Christ J.. ,
Davenport. . . .
1 lodge City. . . .
Kl Faso
Fort Smith. ...
Galveston. .....
Havre
Jat-k*4»nv(lfc. . . .
Jupiter
Kansu* City. . .
Key West
: Knoxville. . . .
Los Angeles. . .
! Macon
Memphis. ......
I Meridian. .....
I Mobile
Montgomery. , . .
Nashville
New Orleans. . . ,
New York
Norfolk
North Finite. . . .
Omaha
FnleHtIm*
Fidsburg
Cortland. .Mi*. . , ,
Fort la ml, on*. . . ,
St Louis. . . .
St. Fun I
San Fraiicluco. . .
Sava n nail
S|Nikaue
Tampa
Taylor.
Thomasvllle. . . .
Vicksburg
WuMhlngtou. . . .
Wilmington. . . .
T Indicates tn
Max.
I'roclp*
Itatloa
62
58
.*!•
GK
66
• IS
72
.28
KS
.12
0
u
50
.06
70
64
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2*1 *
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58
.T
78
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4u
!oo !
60
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i'
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s
:a !
31
79
.00
HH
74
:S i
i
! 51
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1 a
•v i
' 74
:Z
i
u
! Tjj
.14 ■
i»
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.eft
| &
.26
6)
42
l.ilti
5 i
! 5ft
.T
.Oft
*3 |
.T
tM -
."0
»*
.04
.56 i
The Mohawk Mining Company ban declar
ed. n dividend of $4 a share, an Increase of
$1 a share over the previous disbursement,
which was (Aide on June 23 last. The dlvl-
dend I* payable January 1<>. Books dose
Deeemlw*r 27 ami reopen January 10.
The New York nnd Harlem Rallnmd Com
pany has declared the usual souil-tinnual
dividend of 6 per cent, payable January 2
to holder* of record Decenilrer 15.
The I'nlon Bag nnd Faper Company hai
AFRICAN COTTON HIGH GRADE.
Washington, Dee. 6.—In British Central
ifrlen, according to .particular* given In the
eptirt of the commissioner of the protec-
orate, the quantity of cotton exfMirted In
he la*t fiscal year wns 776,900 pounds, ax
otnpnrcd with 2W.00O immiiiiIs In tho preceil-
New York, Dee. 7,-Call luonev ono.,,
this morning at 25 per cent ami went m,
3tl before nild<fhy. On standing loans ,1
renewal rate was marked up genernnv'to
|s-r cent, and fancy prices contlum-d t.» 1
i»ald for time accommodations. Aimtln
heavy Iona at the sub-treasury, report-*! th 1 ,
morning, brought the total outgo t*.
week up to $7,3 >ft,00u, and while the
estimates of the Interior movenieni
not nvnllaldo at this writing u w
suiu-hI that the total loss which the
will disclose In tomorrow’s statement
lie n considerably larger sum «-\*-:i
the payments to the government n.v
Auierfeun stiM-ks were Irregulnr In !...i*
with trading fairly gotnl. Fears wi-r.-
pressed thnt. our extreme money strinzi
nnd the eontlnned fall In New York
ehnnge would prevent the relaxation wbl.-b
otherwise seemed to have started in motif!
couilltliua nitrontl. For the first hour. ,.*,
market went on with Its decline, and
leading issue* dropped a point or nio *
” om yesterday’s closing.
New York. Dee. 7.—The sto<-k innrft
opened heavy with declines ranging fr<
%&% In the inajitrity of the list, jjo
ever. New- York tVntrnl and Pennsrlvnnix
oitem-d %<£r% point higher. respectlvHr
I ulted State* Steel eommon. which *ohl n
dividend %, recorded a gain of %, nml r a r
Foundry rose % on n report of dlvldfini
resumption. The hcnvlc*t losn-s extended
to % In Reading nml CamuKun pacific nnd
% In Southern Pacific. Ht. Paul declined >
Thu stock market ruled firm to Htfn
even with the highest rates for call imm*
prevailing thnt have been established »<> fa
111 this period of extreme tension In tb
money market. Jn the general list, « J.ir-
part or buying wns by room trmb-r:
Price movements were nearly all to high,
figures after sorno slight dix-llnes Irj th
first few minute*.
Government* unchanged. Other Lom
lower.
MINING STOCKS.
Boston, Dec. 7.—Utah 64%: Atloui-x b
Mohawk 78%: Tecmuseh 20; California nti
Arlxona 169; Shannon 16%; North Butte
llft%; C«qqH-r Range 80%; Osceola 135.
LONDON STOCK MARKET.
STOCKS—
AmnlgamntiHl Copper..
Aiineondn
Atchison
Baltimore nml Ohio.. ..
Canadian* Pacific
Chesapeake and Ohio., ..
Deliver nml Rio Grande...
Erie
do, preferred
Great western
Illinois Central....
’Kansas and Texas
do, preferred
Louisville nml Nashville
Mexican Central
New York Central
Norfolk aud Western.... ..
Northern Pacific
Ontario aud Western
Pennsylvania
Philadelphia and Reading.
Rock Island
Southern Pa rifle
Southern Railway.. .. ....
do, preferred
Ht. Puul
Union Pacific;. ..*
• do, preferred
United States Steel
do, preferred
YYnhnsh
do. preferred.... ......
284 281 •
103% 103-,
118%;
Ijs D7
43‘t
44%j 44% 4.7 *
76% 75% 75%
lwJiDvi
fijjl::::::
<*-,!
iw*I wi'jw.
MT. l«j Its*,
a*
91 W!4! %•
an :
M !
:*>l
iwiliaH (*•
»3'4
«g! 1-. « r ,
lMUlOlfilOS
sng
4aP....-
ARRE8TED FOR MURDER
OF A CONVICT GUARD.
Richmond. Vo., Dec. fl.—Alonzo Gocn]-
man, allun Jim Brown, colored, has
been arrested here charged with cmn-
the Mouth Carolina penlteit
August when he and two other desper
ate prisoners escaped.
Coal Company Organized.
Special to The Georgian.
Montgomery, Ala., Dec. 6.—The Mu*
-ontmeted in the year from 21,900 to lo.oft) I nanco Coal ('ompany, of Townley,
which represents f ho ellmlnatIon of I Walker county, with a capital stock
.RV/S 1 "!? , . M,ir fr f 2‘ \ot 820.000. has Informed the secret:try
2mS S!ii4l.brio'JS? nmih i» it. Incorporation. Tho M-
per ixiutul. a* against an average of from h»wlng are the Incorporators: G.
14 to 17 cents itiitaltieii for Egyptian ami I Hlcknfan, X. E. Smith and D. T. Bo*
A ., - H™ 01 * Hawkins, President.
M. Atkinson, V. P. J Tnomas C. Erwin, Asst. Cashier,
•eph A. McCord, Cashier. R. W. Vjers, Asst. Cashier.
Third National Bank
Capital
Surplus
of rnlu
J. 11. MARBURY.
Section Director.
DIRECTORS*
Frank Hnwktaa,
If. M. Atkinson.
Joseph A. McCord.
$200,00O.OO.
$300,000.00.
Anothar Company on Probation.
On next Wednesday Colonel Oboor, I
inspector general of the Georgia na- ;
Honal guard, will go to CtRumbus to |
Inspect the City Light Guards. The ■
company has been on probation since i
Market spring, and were given until now
strong to a shade higher; unlive $3.40^b5X»: get themselves in good sha|>e. Colo- 1
western $3.25ti6.8); yearlings $5.6Mi6.49; 1 ne| Oltear will g«» to see If they c«i
lamb* $4.75f|7.*»; western $4.7597.73. |
CHICAGO CAR LOTS.
SOUTHERN EXCHANGE
Oldest E-labll.h.d Oltloe Smith.
COTTOt—STOCK—BOROS—GRAIN
Oro'ind Floor Oculd HiiUillng. Dally
market letter and diork.t manual
nmllrd on application.
\VM. L I'EEI.. I'mldMt.
ROBF.HT F. MADDOX. Vie. Pr.lld.at
JAB. P. WINDSOH. Aullt.nt Coibl,:
MADDOX-RUCKER 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.
NORTHWEST CARS.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main
ATLANTA. GEORGIA.
COTTON SEED O'L.
Opening. «'losing.
IWi-iiiIh-i 3S ft3s%
January .’tt\fi37% 36%9W\
Kelirnnry $Ai4i37'
March . M
May.
July
Ulosetl steadv.
i«
...... r»,
»i*-4f37% 36%*_i27
LOWRY NATIONAL BANK
Designated Depository of the United States.
CAPITAL ijioOO,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, N’ew York City.
F. W. LAFRENTZ, C. P. A., President.
C. E. Manwartng, Vie. Prttidtnt, Thio. Coch.u, Jr., C. P. A.fS.c, .nd'Trti.
BRANCHES
NEW’ YORK—Waldorf-Astoria.
BOSTON—Exchange Building.
WASHINGTON—tColorado Building.
NEW ORLEANS—Henncn Building.
ATLANTA—Fourth Nat l Bonk BWf.
CHICAGO—Marquette puildfiig.
PHILA DELI *.IIA—Believue-Stratf ri
HAN PraNITKCO—Belden Building.
LONDON, ENGLAND—4 King Street, (’heapalde.
ATLANTA BRANCH 1015-18 Fourth National Bank BuitcTing.
0. B. BID WELL, Resident Manager.
T.l.phon., Main 872 Cabl. Addr.*., Amdlt, N. V.