Newspaper Page Text
THE ATLANTA GEORGIAN,
fUIDAY, DECEMBER
ENGLISH CABLES
mm lower
Reflected by Sharp Early
Break in Cotton in
New York.
FEEBLE BALLY LATER
Market Was Professional in
Character, Outsiders and
Spinners Holding Off.
New York. !>♦*«•. 7.—The undertone of the
lorn! cotton market At the outside this
morning was steady nnd bnslmtst fairly oc-
tire. After the rail. the wiling pressure be-
esine rather aggressive. and the opening de-
• line of 6 points wns Increased to iwBll
IKiInts. Local operators were the chief
sellers, porsumnbly on stop orders.
The Liverpool market for fntures dosed
easy 'ftfrilft lower, from the opening dis
playing unexpected weakness. As usual In
cases of sudden weakness In that market.
It was attributed to Egyptian selling, and
Is a favorite method of the American bear
to break prices through foreign selling.
Egypt serving the purpose as well as nuy
other country.
Following l. —
months lu Liverpool
Open.
High. Low.
r».r* mih
..r>.r,7 r>.&9 5.54ft
..5.69 5.69 6.55
....5.63 6.64 6.69*4
December •„».£} tjM
January-February 6.67 6.69
March April
May June
Spot wns marked down 6 points, making
middling 5.97d, spinners taking only 7,000
IniIcs at the decline.
The New York market for futures opened
steady 4CT6 points lower for tho active
months, nnd during the morning sold down
IlffI-' points nddltloiiHl.
It Is a professional market, the outside
holding aloof, while the spinner,Is to n
great extent transacting business at first
bands, thus leaviug the bulls and bears o.n
the floor of the exchange to light It out
among themselves.
The movement continues on an enormous
■rale. the estimate nt the ports being 68.0W
* - *“ 47,349 actual Jast
(tales, compared with
NEWS AND GOSSIP
of tho Fleecy Staple.
1 —
ifii
. ..... basis, we should open
lower.
Liverpool cables: “Egypt Helling.**
The board of managers have just an
nounced that curb trading will not be per
mitted.
Market here broke on Liverpool selling
and Now Orleans estimate for tomorrow.
The Journal of Commerce: “The volume
of the •demand Is being sustained so welt
that the point has been reached whore cau
tion Is being exercised openly *ln the ad^
coptnneo of business'for deliveries going
ah»-ud of June, 1907.”
New Orleans, Dee. 7.—Llverpol at 4ft
down Is a shade better than due on
closing. Was expected 5ft points lower.
At the moment, market Is steadier
umored report of large cotton Are in II
on, Tex. If this report proves groundl
.he weight of the exceedingly heavy
movement expected will probably exert con
siderable pressure on price*. No news of
spots yet.
Very little business Is reported thus far
' ‘ However, the
In
ots today.
first Frldaj
Mid that there may Ih» some narrowing
of differences between middling nnd the
low grades.
The western forecast indicates fair
weather throughout, with rising tein|H*ra-
lures tomorrow.
The eastern forecast Indicates fair wen fli
er tonight and tomorrow throughout, with
much lower temperatures.
‘ New York telegram has Iwen received
to the effect that the national glliners
report, to l»e Issued probably tomorrow,
will show about 9.900,000 bales ginned, and
an estimate of the crop of about 11,800,030
bales, excluding (Inters.
New
)Niles by Secretary Hester, of
urleaus exchange. . M .
Hnperlntendont King, of the New iork
exchange, makes the movement Into sight
for the week 5*7,841 bales, flgalnsj 444,181
last year, and for the season so far 6,292,-
831, against 6,857.513 Inst yettr.
Bombay movement of cotton Is ns follows:
1906. 1905. 1904.
Receipts. 1 83.000 92.000 69.000
Shipments 17,000 211,000 3,000
Alexandria receipt*..310,000 320,000 300,000
Hester's statement of crop movement:
Overland f..r vr.-. k, 'S» %tl Jug
HI nee NepteinlHT 1. 345,366 904,704 378,962
III sight for week.. 691,448 419.616 608.668
Since September 1.6,332.849 6.921.030 6.639.892
The market from ralddny to the close dis
played n steadier tone, an advance of soma
jOnll points from the low point taking
place, the close ls*lng steady net 5fifll points
wircr. .....
Comparative receipts at U. K. ports:
Net receipts unlay 60. e*!
Miuie day last year L.349
Inrraitw 13.886
Total receipts for the week 438,792
Haim* week Inst year...
I net'
Total receipts sine
Same time Inst year—
Increase
Estimated tomorrow:
Sept.
290,060
148.742
1 4,716,739
4,292,416
424.323
1906. 1905.
New Orleans 17,000 to 19,000 6.306
J.'olveston .! 21,000 to 24.000 14.437
Houston 14,600 to 15,600 11,218
Movement nt Atlanta:
Receipts today 1.156
Same flay lust year..
Increase
Shipments today
Same day last year
Increase
Stork on hand bslny...
Haiue day last year
Increase
2.225
650
650
16,816
8POT COTTON MARKET,
Uverpnol. steady; middling uplands 5.96d;
■ales lO.ono. *
Atlanta. <|Ulet‘, middling lOftc.
New York, quiet: middling 10.96c.
New Orleans, steady: middling 1084c.
Augusta, quiet; middling lie.
St. lentils, quiet; lubtdllng He.
Savannah, quiet; middling 10 716c.
Houston, quiet; middling 10 11 -16c.
Baltimore, nominal; middling lie.
Galvrstnnfi steady; middling ‘ 10ftc.
Charleston, steady; middling lOfto. .
TO DAY'8 PORT RECRIPT8.
The following table shows receipts at the
Interior towns today, compared with the
same day lost year:
New Orleans. .
«is I vest on. . , .
Mobile
Savannah. . . .
Charleston. . .
WUtnlngton. . ,
Norfolk
■ Baltimore. , . .
New York. , .
Boston. . . , . ,
Philadelphia. . ,
Brunswick. . . ,
New|K>rt News. .
60734 | 47349
INTERIOR RECEIPTS.
The following table shows receipts at the
Interior towns today, compared with the
same day laat year:
Houston. .
Augusts. .
Memphis. .
St. Louis. .
Cincinnati.
Total.
37313
G1BERT A CLAY’S
DAILY COTTON LETTER
New Orleans. Dec. 7.—Liverpool cable*
were again favorable In lone, their views
Indtig btiMil upon the gcucntl excellent cm
dltlon of th«* spot market, sales in which
amounted to l liale* at a loss In qnotu
tbms of 7 p«dnu. options, however, were
subjected to considerable liquidation, ow
ing to the near proximity of the Amoil
can government's estimate*. Today'* tuar
ket was distinctly an unluteresting affair,
dominated first by tin* report of a large
cotton fire lu Houston, which afterwards
proved Insignificant, ami then by the in
Ihteitee of an exceedingly lll»eral movement.
But with the small interest that the mar
ket now holds, it tens ouly untural that
pri"e changes should rule comparatively
narrow and Incommensurate with the In
fleeficra nt hand. The absence of a strong
►not demand Is also a factor which of late
has proven slgnlttcautlv favorable to lower
levels and augmented by the constantly In
creasing tlxc of the movement, naturally
gives rise to beliefs that now prevail to the
effect that consumption of an uiimlstaka-
Me character must bend‘forth furnish more
than n tentative tnfluenee in creating high
er levels.
DRY GOOD8 MARKET ITEMS.
New York Commercial. . „ . _
A* an Pittance of the strength of tho fine
yarn goods. It can be stated that a well
known ticketed cambric which threeftuonth*
ago sold at 9*4 cent* 1* now sellings for ad
vance at 10% cents, more business offered
thsn the mill can possibly handle.
The difference In export* of cotton goods
to Chinn during October of this year as
compared with the same period In 1966,
namely, 8.796.M7 yards this October, us
against 29.828.023 for October, 1906, Is causing
much comment In the trade.
It la stated by commission merchants thst
their mills report lu some Instances 25 per
rent of the looms as being Idle through
lack of lalmr, while their order books are
rowded with contracts calling for Immedl-
ite delivery nnd for months ahead.
Htaple cotton goods are steadily stiffening
up. First hands In this market state that
. ineertaln about placing
next March ore now
»r" deliveries oi
not due until the end of February.
On fine dress
prints the only
in being able to get good*
stability pin price Is beyond question, and
many look for goods now* held nt values to
remain sd for an Indefinite period.'
On heavyweight cottons It was stated yes
terday by n number of leading commission
houses thst orders have been accepted call
ing for August and Hoptqmbor delivery, nnd
that the largest price n6w prevailing wns
obtainable on any* good* for nearer ship
ment. -
Delivery on heavy cottons, especially
ducks, drills-and heavy twilled gbods. can
not bn made Inside of four to five mouth*.
A scarcity of labor to operate looms Is one
of the main factora In reducing the volume
of goods coining forward. Mills can secure
large additional business on their terms if
deliveries could l>e assured.
The lending handlers of blenched cloths
state that market conditions are becoming
stronger dally, ahd that further advances
seem Inevitable. The wide bleached cloths
of high count are sold* from ..four to six
months In advance, nnd the demand Is still
far from satisfied. The fine yarn construc
tion cloth* are expected to hold their full
value chiefly because of the scarcity of fine
grade cotton. Mills are obliged to pick up
supplies In 25 to 60-bnle lots, uml are still
far from being covered.
mm tue enu or renrunry.
dress ginghams, wash goods nnd
► only trouble sellers experience Is
iblc fo get good* to fill order. The
Edited by
Joseph B. Lively
MARKETS
Mr. Lively*# twenty-fire
years' experience of ed
iting markets In Atlanta
and the South fast made
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
AtltolD Coast y
American Sugar R?f.
Antcondo.
American Locomotive.
do. preferred. . • •
Am. Smelting Ref. » .
do. preferred. . ♦ -
Atchison. •
do. preferred.
Brooklyn' Rapid
Canadian raetfle. .
Chicago k Northw'n. .
Chesapeake A Ohio. .
Colorado Fuel k Iroe.
Central Leather. . . .
do. preferred. - . .
Chicago k Great YT. .
Chicago. If. A fit P. .
Delaware A Hudson. .
Distiller** Securities. .
Erie
do. preferred. . • .
General Electric. . • .
Illinois Central. . . # .
Am. Ice Securities. . .
LooisvJUs A Nsshrllls.
N. V.. Unt * Westers.
National Lead
Northern Pacific. . . .
New York Central. . .
Norfolk k Western. .
Pennsylvania. . . . . -
People's Gas. .....
Pressed Hteel Car. . -
do. preferred. . • •
Pacific Mall.
Reading
Republic Hteel
Rock island
do. preferred. . . .
United JRatt-i Rubber.
do. preferred. . • .
Southern Pacific, • . .
bouthern Railway. . .
do. preferred. . • .
Sloss-Sbeffleld
Tcnn. Coal * Iron. • .
Texas A Pacific. ....
Union Pacific. . . ; . .
United States fitssl. .
do. preferred. . • .
Vs.-Car. Chemical. . .
do. preferred. . • .
Western Union
Wabash
do. preferred. . . ,
Wisconsin Central. . .
do. preferred. . . .
iTotwl stock ealea today 781,109 shares.
NEW YORK.
Clpeed steady.
NOTES ON GRAIN.
Pointers on Provisions. y
AMERICAN CROP
IS OF LOW GRADE
trade, and futures ..
much In recognition of this fact as from
any other cause. The receipt* continued
liberal, but It Is by no means clear that
they are going to keep up nt the present
rate for any great length of time, laiud
nnd water trnnNiMirtntinu facilities tiro se
verely taxed to keep up with the require
ments of tho cotton business at home and
abroad. Meantime the high grades con
tinue so scarce nt the Houth nnd so diffi
cult to obtain even at high premiums that
some New England manufacturer*. It I*
stated, have been forced to Import
Egyptian cotton at a cost of about 20c a
pouud. It Is tint Intrinsically better cot
ton than American, but It Is of the long-
stnpled sort required for certain good*.
More ami more It become* evident-that this
Is a low-grade American crop. That means
that Its Nplunalde quality I* comparatively
poor and that Just *«» much more of It
will be required to do the work III milking
the good* needed In a world’s trade, which;
was seldom If over n* large ns It Is now,
even leaving China out of neeoimt. If
Chinn were buying, ns she ha* bought In
recent years, fne situation In the raw cot
ton goods trade would naturally be far
more acute than at present. As It Is.
Lancashire I* doing the best busiiie** that
It bn* bad for a generation. The current
guess ns to the amount glinted and a* to
the slie of the government's crop estimate
cover a wide range, nnd are practically
valueless. In Biiiffi clremustsnces, It Is not
unnnturnl that the speculative pace should
slow down very perceptibly, mid It Is. n^
least, comSdrnldc that nothing rcumrkutdc
is likely to develop."
New C • *
market — -----
filth shaker, for obvious reasons. HpeMda
five firmness In the wake of encouraging
spot news throughout the forenoon, but n
bolt from the blue struck the local ring
when mi official decline of an eighth of a
cent on spots was announced In tlie late
ternoon. Interior |><dnta. however,
.. olded the appearance of weakness, u fact
which left lots of hope with the bull fac
tion. At the moment fortune's cut Is cross
the advisability of keep
ing beyond reach of bureuu-day scratches,
a course the talent now hociiis pretty well
Inclined to follow. .Meanwhile, the cotton
market Is bringing to light very few de
velopments of consequence, —filbert A
flay.
CHINA TRADE FELL OFF.
Washington, Dee. 7.—The value of the
shipments of cotton piece goods from the
United Kingdom for the month of Oc)ols>r
was $22,085,398, The sales to China fell off
somewhat, but the requirements of Turkey
were on an exceptionally large scale, and
Argentina nnd Brazil took an appreciably
larger quantity than last year, while India's
Private Wire to Glhcrt A Clay.
Chicago. Dec. 7.—Wheat opened unchanged
to ftc higher, nnd hn* met considerable
selling on resting orders nt 79ftc for May.
We arc btilll.di on wheat, corn nnd oath.
They are getting In »a stronger position
every day. Buy now.
Chicago, Record-Herald:'' “The Minneso
ta output'Inst week, Instead of* showing a
material gain, decreased 15,100 barrels, says
The Northwestern Miller. The qunutlty
turned out was 279.960 barrels, against 351,-
2tt) btirrels In .1996 sad 270/946 barrel* In
1901. Mill* which are usually found In the
operative list were shut down Hntnrdny
night, and lire Idle this week, (nick of
shl|tplng directions was the cause. It Is
uot email) Hint owe or more of (hose now
In operation will not stop Itefore the end
of the week. Minneapolis mills found trade
unusually dull last week. A few of them
disposed of a minced oufouf, hut.sucfi were
the exception. Eastern buyers apparently
lie Here It to their Interest to take flour
sparingly, regardless of what wheat docs,
and are acting on that plan/'
Ohio report, as wired here by King, of
Toledo, makes December wheat condition
98, Inst month 96, last December 98, and at
harvest 99. Crop wns 43.OW.ono bushels. No
vember report made nrea sown this fall 1
per cent snort. Corn -crop 121,006,000 bush-
els, iignJnst. Jtjp,Q0»,n00 bushed* n year ago.
The report says 42 per-cent of the 1906
wheat crop wns solil from the machine.
Ilesslan fly and grub worm did 2 per cent
tlamago to growing wheat. Otherwise per
fect. largest corn yield per acre nnd crop
ever khowu. Only 23 per cent of clover seed
area sown wns cut for mcihI.
“The battle on the bull side of wheat Is
won* In my opinion,’* said E. W. Dennis.
“When May wheat sold at 76He, on Hep-
teuiber 10, It sold at tho lowest price It
will sell on the crop. Mon. opinions nnd
soiillmeut all have to go down and out be
fore the ruler, nnd the ruler In the situa
tion, and the situation Is bullish."
STOCKS REVIEWED
BY NEW YORK SUN
LIVERPOOL.
Tho following figures give the opening
range end close, compared with yesterday:
Futures Opened easy.
Previous
5.69 5.57 5.65
5.58 5.54*4 5.63V*
5.59V4 5.55 5.64
December.. .6.63 -5.63V4
Dcc.-Jan.... 5.69V4-5.W
Jan.-Feb.... 6.67 -5.59
Feb.-Mar..». 6.68V4 5.59
Mar.-April.. 5.59 -5.60
April-May... 5.60V4-6.62
May-June.... 5.63 -5.64
June-Jnly.... 5.64V4-6.65V*
Julf-Atig..... Yi.GJ
Kept... 5.00 -6.69V4
Aug.-Hept
Closed <
NEW ORLEANS.
The following Is tho range in cotton fu
tures In New Orleans today:
Dec. .
Jan
Fob
March. . . .
April. . . .
May
Juno.. .
July.. .
11 ill II
L&O 10.39llU.50 l6.49 floras
10.61110.54
l*).64'Vo.66
10.72110.74
Closed steady.
10.40j 10.52
io.Mjio.66
j 0.69 |it). 74
K49 110.4833
10.42-43 10.43 44
10.47-46 19.48-49
10.62-63 10.53-54
10.56-57! 10.57-58
10.66-67 10.67-68
10.68-70 10.71-72
10.77-78| 10.79-80
New York. lice. 7.—The Sun says: ‘ There
was. no change yesterday <»f any account
worth considering In the local money situa
tion. The scarcity of lime money wns In
creased, nnd wa* so prominently lit evi
dence that lu calculating the time when
some distant relaxation lu money was like
ly to occur, bankers were generally In
clined to place tills period somewhat Inter
than the new year. Speculative Wall
street was plainly dl*a|»|>olnted over what
was declared to Is* the meager quantity of
relief extended by the secretary of the
treasury In Ids offer announced Into ye*
. ion®
..hat heavier than It was on Wednesday.
The market scented to suffer more from
the withdrawal from It of active specu
lative interests, rather than from any vig
orous liquidating, tendency. An llicldeut of
the day that provoked considerable discus
slon was the speech made by n leading
banker nt the meeting of the chiimticr of
commerce. In which he urged that reforms
|m> enforced In the method* of lending mon
ey on call on the stock exchange nnd de
iced the fluctuations In the call money
« here ns uncalled for and hurtful to
ral financial affairs.”—Glbert A Flay.
NEW YORK COFFEE.
WEATHER FORECAST.
Georgia—Fair Friday nnd Saturday much
colder Friday.
Louisiana. Mls»l*«lpi»l, Alabama nnd West
Florida—Fair ami colder Friday; Saturday
fair and wanner. »
East Texas - Fair Friday: colder In south
portions; Saturday fair and warmer.
Arkansas nnd West Texts- Fair Friday
and Saturday; warmer Sat unlay.
Iltnols. Missouri. Indiana. Kansas. Wis
consin and Michigan- Fair tonight and to
morrow; warmer.
Minnesota—finow tonight and tomorrow;
warmer tomorrow.
THE SUGAR MARKET.
New York. Dec. 7.— Refined and raw *n
markets steady. London beets steady,
t’offee quiet; No. 7 Rio. 7 1 *.
Sugar steady; granulated 4.8i».
new t»r
Honed
iiiuiu irniiin-K in mi- iii-ws
t Brazil reporting that the
id either *lgued or sane-
slon bill. The other news
’opened fsTAidy* at *- - .
advance of. 5 points and held steady durluc
Hu* cmHv scs^on on n moderate demand In
the nbseuce of nggresshe offerings. Prices
Improved ti little on some position* after
the openiug, but the general range remain
ed net unchanged to 5 iNdtits higher nt mid-
d*v. Sale* to that time Were about 2d,-
out). One of the main features in fin
was a cable from
president ha>
conversion
_ special feature. Receipts If any
thing were a shade heavier, but attracted
Utile ns lent Ion, ami foreign markets were
steady.--filbert A Flay.
Following show** the openiug range nnd
close of the New York coffee market for
tfidny:
Opening
Range. Floss
Jh unary 6.6A-5.70 .*.65-5.70
February 5.70^» 5.76-o.M)
Mnreh 5.85 5.80
,.5.83-5.95
.6.06 6.13
.6.10-6.2O
.6.20-6.31)
PRICE MOVEMENT
IN WHEAT NARROW
Opening Was a Fraction
Higher, Which Was
Later Lost.
Chicago, Dec. 7.—Wheat coined VtGHc
higher for the day.
corn was V4e off to %c tip.
Oats were *4GV4c lower.
Provisions 6015c lower.
Many of the wheat lienrs have been trap-
Mluneapolts was strong for cash wheat and
the trade here on country milling account
W r*s6°sttes hero were 70,000 bushels wheat,
50.000 bushels corn nnd 125 bushels oats.
The seaboard reported 18 loads wheat, 2 of
corn and 100,000 bushels onts.
A round lot of No. 2 red winter wheat
changed bands here, outside millers being
the buyer*. The price, wag apt made public.
Clearances of the week were 4.567.000
wheat and 1,109,000 bushels corn, compared
with 4,235,00») and 2,440,000 bushels respec
tively n year pgo.
Primary receipts of wheat 927,000 bushels
nnd corn 476,000 bushels, compared with 827,-
000 and C66.0U0 bushels respectively a yeur
age.
The day’s clearances were 295,000 bu*hels
wheat, 173,000 bushels corn and 23.000 bush
els ont*.
CHICAGO GRAIN MARKET.
for today
Previous
Open. High. Low. Clow*. Close.
WHEAT—
Dec 74% 75 7«i
May 79< 7!*« 7**4
•alt V
(fOUS-
74*
THE WEATHER.
LOCAL FORECA8T.
TiPS FLASHED
From Wall Street.
Private Wire to Glbert k Clay.
New York, Dec. 7.—Marshall. Spader A
Co.: “Toihty'a trading can Itaj-tHy fall to
reflect anticipation* of tomorrow's bank
statement, and until the carry-over ir.:es
until Monday have been satisfied-the mar
ket may be dull and present periods of
llquidatioq." . /, _
Dow-Jones’ summary: American* In Lon
don steady nt about parity. Loudon market
quiet and featureless.
Interstate commerce commission an
nounce* its lnteutlon to Investigate llarrl
man lines. . ,
Hteel trade suffering from shortage of
Hteel plate* advanced $2 n tou‘.
American Car and Foundry declare*
dividend of *4 of 1 per cent, placing tho-
common stock on 2 per cent basis. This Is
the first dividend since 1964, when 1 per
cent was paid.
President Ripley 9MRM
!»er earning* will be ns heavy a* those of
Oetoher.
Twenty-two road* fo
Twenty active railroads decline*]
cent.
New York Financial Bureau: The Herald
report of Hock Island acquisition of the
Memphis. Kensas nnd Texn* explain* recent
buying of tmth stocks.
VVe think Rook Island should he bought
iti nil recession*.
We do not believe much will In* accom
plished by the bear* on tho Union Pacific
nvestlgntbm. although the technique of
hat stock weakened late Thursday nnd
juppnrt may have been reduced toward 189.
We would buy It ou a scale down.
The disappointingly small Car Foundry
dividend will cause profit-taking In that
stock today.
Copper meets support of a scale-down
kind toward 111.
A Smelting specialist snys the support Iti
that stock Is stroug toward 150.
Atchison Is In the trading limits of par
and J04 now.
Canadian Pacific should he bought for
turn* still on receHsions.
St. Paul support Is placed nt 180 ns the
limit. Should it be overwhelmed the price
would perhaps drop sharply, owing to stops.
Fuel Is meeting stock now 57 to 68.
The news being out, further realising In
New York Central Is expected, hut below
130 It Will lie Imught.
Pennsylvania Is weaker In technique and
could lie driven lower.
Heading Is held now between 149 and 146.
Southern Pacific U In the trading limits
of'96 nnd 90.
Hteel should be Imught on a scale down
support being strong around 46.
For Atlanta nnd Vicinity—Fair tonight
and Katurday; temperature below freexTng
tonight; not no cold Saturday afternoon and
night.
WEATHERJSONDITION8.
The entire country cost of the. Rockie* is
under the Influence of an extensive area of
high pressure whose center Ik now over
Minnesota and Iowa.
The storm area that waa over the eastern
lake region yeaterday morning has * moved
northeastward, causing general snows In
New York and New England. A second
area of low pressure Is centered to the
north of Idaho and Washington nnd Is
causing rain or snow and higher tempera
tures In that section.
ltaln has fallen at most stations south of
the Uhlo In the Inst 24 hours, but a* n re
sult of the advance of the northwestern
high barometric area clear and colder
weather covers the entire Houth. Falls In
temperature of 20 to 34 degrees have oc
curred In most states cast of the Missis
sippi. Atlanta Is 30 degrees colder this
morning than nt the snnie hour yesterday.
The eastward drift of the high will cause
continued fair weather In this section to-
night and Saturday: temperature lielow dividend of 1V6 per cent.'payable December
freexlng tonight: not so cold Saturday 31. Books close December 19 nnd reopen
‘ and Might. January 1.
.The Mohawk Milling Fompauy hn* declar-
DIVIDEND DECLARED.
Wall Street Sumary.
The American Tobacco Company has de
clared the regular quarterly dividend of lty
per cent on Its preferred stock, payable Jan
uary 2. Hooks close December 13 and re
open January 3.
The Chicago Great Western Railway Com
pany will pay the usual semi-annual dlvl<
dend of 2 per cent on Its delienturc stock
on January 15. Books close Deccmlter 15
and reopen January 2.
Tho Chicago and Northwestern Railway
Company has declared the regular quarterly
dividend of 2 per cent’ on Its preferred
stock, uud the usual Hcml-nunual dividend of
3H per cent on Its common stock. Both
dividends are payable January 2 to holders
of record December 12.
Tho Consolidated Hank of New York lms
declared an lultlnl scml-annunl dividend of
3 per cent, payable January 2. Books close
Decern tier 26 and reopen .bin i
The Interhorougb Rapid Transit Company
has declared a quarterly dividend of 2ft
E »r cent, nayabto January 2. Books close
eeeinber 17 aud reopen January 2.
The Lake Erie nnd Western Rnllren
Company has declared a semi annual divi
dend of 2 per cent on Its preferred stock,
nnynhlc January 15 to holders of record
December 29.
The Maryland Coal Company hn* declared
the usual semi-annual dividend of 2V6 per
Its preferred stock and an extra
FMIJtSlK
High Rates for Call Mouev
Without Effect in Ear
ly Trading.
ROOM TRADER^ BF
Some Slight Declines i u
First Few Minutes, Then
Turned Upward.
Call mouey opened'at 25 per cent: hl-|.
6 nor cent* low. 2 per cent; last bum, *•
New York. Dec. 7.—Call mouev <.p,.|„. 1 i
this morning at 25 per ccut aud went up t„
36 before midday. On standing loon*. i) t ,.
renewal rate waa marked up generally to i
per cent, and fancy prices continued't.. i„.
paid for time accommodations. Anoth.-
nesvy loss at tho sub-treasury, reported fh »
morning, brought the total outgo f.,i ri^
week up to $7,300,000, aud while the u*nai
estimates of the Interior movement w,,,.
not available at thin writing It was a»‘
HUtned that the total loas which the bnul,
will disclose In tomorrow’s statement uii
be a considerably larger sum even th
the payments to tho government ag.-ic-
American stocks were Irregular In Lnnd.v,
with trading fairly good. Fears wen- .
pressed that our extreme money stringer,..,
and the continued fall In New York o.
change would prevent the relaxation wht. it
otherwise seemed to have started. In nion. v
conditions abroad. For the first hour, oir
market went on with It* decline, nud tin*
leading Issues dropped a point or more
from yesterday’s cloxlug.
New York. Deo. 7.—The stock market
opened heavy with declines ranging
Minimum and Maximum Temperatures
and Rainfall.
Obssrvatlons taken at 8 a. u.. f3th meri
dian time.
Abilene. . . . .
Amarillo. . , .
Asheville. . . ,
Atlanta
Augusta
Birmingham. . .
Bismarck. . . ,
Boston
Buffalo. . . . , .
'bnrlestou. . . •
Charlotte. . . ,
Chicago
Clnelnnatl. . . .
Corpus Christ I.. ,
-- -. Davenport.
73** Dodgr
City.
Dec 42% 4274 42ft 42 5 i
May 43ft 44 43ft 41
July 44ft 44ft 44ft 4I*<
OATH—
Dec 33ft 23% 33ft 33*
May 35ft 35% 36ft
July....- 33ft 33ft 33ft S3V-.
FORK—
Jan... 15.40 15.45 15.22ft 15.35 15.45
May... 15.80 15. SO 15.57ft 15.60 15.75
LARD-
Dec... 8.60 8.C2ft 8.37ft 8.i» 8.65
Jnn... 8.65 8.65 8.55 S.57ft 8.65
M sii)E8— 8,70
Jan.... 8.50 S.5») 8.25 S.^*. 8.45
May... 8.45 8.46 8.35 8.35 8.42ft
CASH WHEAT—
No. 2 r**tl 76tf76ft nominal: No. 3 d» 74<i
75ft nominal; No. 2 bard winter 76fc77; No.
3 do 74«7«.
El Paso.
i Smith. .
4-lft j UnlveHton. .
44ft j Havre
.... ! Jnckmmvllle. ,
;«ft Jupiter. . . .
Kansas City.
^ I Key West. .
‘ , Knoxville. .
f.' j I.'** Angeles.
Macon. . . .
, Memphis. . .
**■-’ ! .Meridian. . ,
Mobile
Montgomery. ,
Nashville. . .
New Or ten ll*.
d a dividend of $4 a share, an Increase of
$1 a share over the previous disbursement,
which wan ntnde on June 23 |«»t. The divi
dend I* payable January 10. Books clone
December 27 and reopen January 10.
The New York nnd Harlem Railroad Com
pany hna declared the u*unl Neinl-nnnual
dividend of 5 per cent, payable January 2
to holder* of record DeceutlK>r 13. *
The Union Jlng nnd l'nper Company ha*
declared the enntomary quarterly dividend
* per cent on ' •
animry 15.
trad reopen January 16.
The United Bank Note Corporation ha*
declared the regular quarterly dividend of
1ft per cent mi It* preferred wfnek, payable
January 2. (took* close Dmemlnr IS and
reopen January 3.
THE LIVERPOOL GRAIN MARKET.
Wheat*-Opened ft higher; nt 1:3) p. in.,
unchanged to ft higher; cloned ft higher.
, ore—Opened ft higher: nt 1:30 |>. in., ftfc
ft higher; closed unchanged to ft higher.
York.
LIVE STOCK MARKET.
Omnhn. . . .
I’alestlne. . .
I'ltUhurg. . . .
I'ortland. Me. .
I’ortlnnd. Ore.
Ht Louis. . .
Ht. l’nul. . . .
Han Francisco.
Savannah. . .
Hpokaue. . . .
Tampa. . . .
Taylor
TboinasvIUe. .
Vicksburg. . .
con...
AFRICAN COTTON HIGH GRADE.
Wnslilw^on, Dec. 6.—In !lrftls!i Central
Africa, nenirding to particulars given In the
report of the commissioner of the protec-
lorate, the quantity of eottau exported in
! the Inst fiscal year was 776.000 pounds, a*
i comparetl with 2S3.O0O pound* In the preced-
' Ing year. Experimental parcels were first
1 produced In 1901-02. The area eultlvnted
contracted in the year from 21.900 to 10,000
! acres, which reprcHcnt* the elimination of
I the upprofltnhle plantations. The nmrkcfa-
< hie quality of the fiber Is said to be high.
1 some parcels bringing o» much as 18 cents
I ihw pound, n* against nn average of from
14 to 17 rents obtained for Egyptian and
I American sorts.
ftlfft In the majority of the list, lffr.i
ever. New York Central nnd Fenmwlvanin
onene<! ftCrft point higher, respective! v
T nlted States Steel common, which sold ,. v
dividend ft, recorded a gain of ft, and Fin-
Foundry rose ft on a report of dlvblen.|
resumption. The heaviest losses extended
to % In Reading nnd Canadian 1'aelflc an-l
' “ “uuthern rnclflc. Ht. Paul 'declined
stock market ruled firm to stroiig
even with tlie highest rates for call moie .
r irevnlllng that have been established »•» far
n this period of extreme teuslou in th-
money market. In the general Hat. a large
•art of buying was by room trader*.
Price movements were nearly all to higher
figures after some slight decline* hj tlm
first few minutes.
Governments uucUaugcd. Other bond*
MINING 8TOCK8.
IloMfoii. Doc. 7.—Utah 64ft: Allouez
Mohawk 7Sft; Ter uni neb 20; California i
Arizona 169; Shannon 16ft; North Hi
110ft; Copper Range 80ft: Osceola 135.
LONDON 8TOCK MARKET.
STOCKS-
Amnlgnnmted Copper.. ..
Anaconda..
Atrhlmn ..
Baltimore nnd Ohio
Canadian Pacific
Chesapeake nnd Ohio
Denver nnd Rio Grande....
Eric
do, preferred
Great Western
Illinois Central
Kansas nnd Texas
do, preferred...
Louisville and Nashville
Mexican Central.. .. ....
New York Central. .. .. ..
Norfolk uml Western
Northern Pacific .. ..
Ontario and Western
Pennsylvania
Philadelphia uml Heading.
Hook Island
Southern Pacific
Southern Hallway
do, preferred
Ht. Paul
l.'nIon Pacific
preferred
lied.
284 1284
!«S-.
ARRESTED FOR MURDER
OF A CONVICT GUARD.
Richmond. Vo., Dee. 6.—Alonzo Good
man, alias Jim Brown, colored, ha*
been arrested here charged with com
plicity In the murder of u guard
the South enrollnu penitentiary Iasi
August when he nnd two other denpet-
nto prisoners escaped.
Coal Company Organiztd.
Special to The Georgian.
Montgomery. Ala., Dec. d.—The Mu-
nasco Coal Company, of TownUy.
Walker county, with a capital atock
of $20,000, hah informed the aecretm*
of state of Its Incorporation. The fol
lowing are the Incorporators: C. W.
Hickman, X K. .Smith nnd D. T. Bo-
wlol.
! IVnsluu
: W11min
Chic
celpls .. ..
Ik 96.30^6.60; light
Doc. 7.—Ilogs-Kstlniiitcd r»
Market strong to 6c blgh«f
16.‘Am* 47ft: mix**-
T Indicates trace of rain or anew.
J. B. MARBUUY,
H'ectloa Director.
5*:.lob*• N*; heavy |.*.w*#is.rio; rough 15.651/
6.40; pigs 8«.40e%.46: yorkers $3.K>t?0-15;H». 1
to choice heavy K4.ftpi.55.
Cattle— EstlmatiHl receipts 3.000. Market
steady; quality fair: lieve# 83.90^7.45: eon*
$1.2504.60; heifers |2.25«5; calves $5417.^*:
‘ [trlror, steers $5.4^7.45: poor fe
stockers and feeders 12.50
gisMl prime »
alum li90M.
©4.60.
Sheep-Estimated receipts Market
strong to a shade higher; native S3.40A5.SS;
western I3.25«6.80; yearltngs 85.WGC40;
lamb* $1,751*7.86; western 84.7Mi7.r*.
CHICAGO CAR LOTS.
Aj»rll
May
June
July
August —
September..
OcMhw. ...
November. ,
December
CbuM-d steady.
NORTHWEST CARS.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main ItoS.
ATLANTA. GEORGIA.
; Duluth.
5.96
•:.u6 .
4.10-6.15
4.204.25
6.^-4.35
fi.S04t.4O
6.40-6.43
4.456.50
6.5le6.a)
647
COTTON 8CEO OIL.
Opening. Closing
! Ih*cem!*er N t»»V tvftfrJSft
I January Kft#37ft
I February. 36ftvrT7ft .36 «»t-ift
I Mnreli ;* P36ft 35V 4 4|3*’ft
i May 26 M36ft ttufa***
1 * * 3SV>37ft KftlsCT
| J«I
)•'*»«* steady
Another Company on Probation.
On next Wednesday Colonel Obear,
Inspector general of the Georgia na
tional guard, will go to Columbus to
Inspect the City Light Guards. The
company has been on probation since
spring, and were' given until now to
get themselves In good shape. Colo
nel Obenr will go to see If they come
M. U. Atiln.on, V. P.
Jo«ph A. McCord. UiMvr.
Pnok IIlwklDl. PrMliI.nt.
TnoiauiLC. Ervin, Anr. Caibl.r.
It. W. Wy»r«. Aut. C.iblrr.
Third National Bank
Capital
Surplus
DIRECTORS)
Frank Uawklos.
II. M. Atkinson.
Joseph A. McCord.
$200,000.00.
$300,000.00.
J. It. N'nonall
J. C.rroll PajD.
Payne.
H. Itouer.
Tlcl Woodward.
SOUTHERN EXCHANGE
Oldest E^abllshcd OSIce South.
co non—stows—MSOS—eau
Ground Floor (.fcuUl Building. Dally
market letter and market manual
roailtd on application
WM. L. PERL President.
ROBERT F. MADDOX. Vlre President
JAB. P. Wl.SHSOIt. Assistant Cashier
WADDOX-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.
LOWRY NATIONAL BANK
Designated Depository of the United States.
CAPITAL ! $500,000.<XT
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, Xew York City.
F. W. LAFRENTZ, C. P. A., President.
C. E. M.nwirinfl, Vie, President, Thio. Cacheu, Jr., C. P. A., See. and Tree*-
NBW YORK—Waldorf-Astoria
BOBTOX—Exrhanat- rtuiMina.
WASH I SOTOS—i 'olorado Hullillng.
NBW ORLKAXS—Hennrn llulldlna.
BRANCHES
ATLANTA—Fourth Nat l Bank HI W-
«TUCAGO—Marquette Bulldlna.
FHILADBLmiA—BeUaVtM-StnKf>n I.
SAN KRANCIWO—Belden Bdtldlns
LONDON, RNaLAND—I Kina Street, Chenp&lde.
ATLANTA BRANCH 1015-18 Fourth National Bank Building.
C. B. BIDWELL, Resident Manager.
Telephone, Main S72. Cable Address Amdit, N. V.