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I I TIIE ATLANTA GEORGIAN, flLSDAY, DECEMBER 11, 19CC 12 NEWS AND GOSSIP of the Fleecy Staple. Government Estimate Caus ed a Very Decided De cline in Prices. TRADING VERY ACTIVE Figures at 12,54(1,000 were Above Expectations of Conservative Bears. OO00OOO000O00O0O0OOOO0OOOO 0 O GOVERNMENT ESTIMATES O CROP AT 12,546,000. O O O O Washington, IJcc. 11.—The 4c- O O partment of agriculture today O O gave out a report estimating that O 0 the production of cotton In the O O United States for the year 1906-7 O O \va*» 6,001.726,000 pounds, not In- 0 O eluding Ilnters, equivalent to 12,- 0 O 546.0nn bales of 5oo pound* gross O O weight. O 0 O 0000OO0000O00OOO00000000OO New York, Dec. 11,—Hesitation character ised the opening of the l(*onl cotton market briny. Traders were disposed to nwalt the puollratlon of the minus! estimate by the crop reporting board. Taking the report )*»»>'<} yesterday by the census bureau as a basis, the trade figured that the estimate of the erop report lug board would be between 12.000.000 mid 12.250,000. <u»um huh u»e crop excecuu u,( With thcffg government MtliMiti of tho, way, the market might-n to the other forces, which are nil December. . . . December .Innunr, March-Aprll. . . LIvci|m>o| this morning apparently put the same construction on the gov ernment glnners’ report as did the New York market, as the opening In that market was about as due on New York's dose, part of the early advance being Inter lost, closing barely steady, 4 to 7 points above Monday's finals. Following is the range In the active mouths In Liverpool today; Onen. High. Low. . 6.70% 6.72V4 r».7o . 5.62 6.64 . 5.62 6.64 May-Junc*. . .... 5.65 5.674 5.63% • Spots were In Increased demand, spinners taking 12.000 bales at un ad vance of s points, making middling 6.04. New York was due to open about unchanged on the Liverpool showing, and while January and March started the session at Monday's closing bids, the remainder of the list was 3 to 6 points low er. Trading began with the government crop estimate, to be Issued at 1 o'clock, Atlanta time, the Influence. Us esti mate has been, covered very thoroughly by the expert statisticians, and no mat ter what the figures may be they will come between the two extremes and will be considered a factor for higher or lower prices, according to the ex treme figures It favors. The government estimates It the past have been considerably under the commercial crop. The following gives comparison* with the three previous years: I .nut year, 10467,110; lf«4. 12.1W.70U: 19U3. 9.962.037. The romiuerrlnl crop hist year was 11.246,- Ouri; 19M. 13,566.000; 1906, 10.011,000. Thus the ngrleulturnl department Is shown to hare nnder-cNiimnted last year 1,179.000; 1,403.200; 1903. 41,000. The census bureau shows The total* amount of rotten of the erop of 1906 ginned to December 1 to hate l»een 10,026,446 hales, counting round bales ns hnlf bales. The total number of ginneries In operation Is given ns 28,211. _ This Is compared with the figures of 1906, when the report showed 8.689,663 bales ginned nnd 28.600 active ginneries. 14.v states the cotton ginned nnd the number of ginneries were as follows: Htates. Hales. Ginneries. Alabama 1,019,473 3,693 Arkansas 670,398 2.293 Florida 60.300 207 Georgia 1.391.496 4.545 Indian Territory. . . . 287.136 534 Kentucky 983 3 I .out sin nn 670,896 2, OS) Mississippi 1,018.272 3.699 Missouri 28,604 79 North Carolina 490.141 2,719 Oklahoma 276.613 m Kouth Carolina 770.244 3,104 Tennessee 183.557 682 Texas 3.256.645 4,176 Virginia 10,1ST 116 The statistics of this report Include 41,156 ■en Island bales f*»r 1906 nnd 81.G96 for 1906. The sea Island cotton for it»06 Is dis tributed by states as follows: Florid* 19,* 159. Georgia 17,190, South Carolina 6,167. The government estimate of tho 1906 cotton crop wan flashed out of New York exactly at 10 o’clock. The flgurcH were placed at 12,546,Odd bales, and the decline that followed was sensational in character. January, Immediately preceding the Issuance of the estimate, was quoted at 9.85, in five minutes at 9.70 and In ten minutes to 9.40. March during the same time declined from 10.05 to 9.6$, and May from 10.20 to 9.85. 8pot cotton In Atlanta, based on New York contracts, is worth 6-8c low er prices as compared with yesterday's quotations, but based on demand and worth of actual stuff prices are un changed. The New York market closed barely steady, net 63 to 64 points lower. Estimated tomorrow; 1906. 1905. New Orleans ... .23,000 to 25,000 9.267 Galveston I6.0OO to 19.000 11,785 Houston 13,000 to 15,000 9,372 Movement at Atlanta: Receipts today .. .. .. .. .. 961 Same day last year 641 Increase 320 Shipments today .. 1,333 Same day last year .. .. .. .. 550 Increase .. .. .. 803 Stock on hand today 16.836 Same day last year 8.907 Increase 7,929 SPOT COTTON MARKET. Liverpool, stesdy; middling uplands 604*1. Hales 12,000. Atlanta steady: middling 10*4. Sew York, steady; middling 10.5*1. New Orleans nominal: middling 10 7-16. St. Louis stesdy; middling 11c Savannah quiet* ,A ** Ibis ton steady: Houston quiet; Baltimore nominal; By Private Wire to Glbert ft^CIay. New York, Dec. 11.—Liverpool at 12:30 p. m. 7 to 8 points higher, was about as expected. On thta basis we should open unchanged. If the bureau Ignore the rensus and estimate a crop on Its published acre age and taking the lint yield at 206 pounds, which was the yield In 1904, the estimate could not exceed 11,800,000. An attempt is likely to be made to equalize the basis and consider the census ginning, which might result In an estimate of 12,100,000 on a per centage basis. I lean toward an esti mate under 12,000,000, but ha^ no . doubt that the crop exceeds tf.jftylWbr ‘ it$* $ut respond all bull- - l*h. but I do not look for any material advance In New York until after the holidays.—C. D. Freeman. Journal of Commerce: “Buyers are having the very serious difficulty now of trying to find substitute^ for the lines they know they cannot get for de livery before March. Borne of them have found that possible substitutes are as scarce as many of the lines they usually cfirry. The legitimate strength of the market is evidenced by the large mall orders sent In, and the ,requency with which houses are compelled to decline them of* prune the volume down. Under these conditions price Is not the prime factor, and hence while buyers occasionally rail against yes terday's values they cease talking the moment they can find the goods they are after." New York Commercial: “Profession al speculators, as well as the publlo, have been badly whip-sawed recently, and most of them are playing very close to the shore." / I don’t rare what the government estimate Is," said one broker, “but there can be no natural advance until the movement lets up. There is no getting around the fact that the movement Just now seems to point to a very large crop. Of course there Is every incentive to send the cotton along, but If the crop Is only 12,000,000 bales the movement should begin to decrease. ’ Bays another broker: “I do not think the market can break much even on a bearish report. Some people have been ery confident that the government fig ures would he bearish, and are heavily short. I think that on a bearish report, Instead of putting out more short cot ton. they will reach for profits." While the price 'of American cotton Is going down the price of Egyptian is advancing rapidly. A cable received by Choreml, Benachl ft Co. from Alex andria Baturday said: “Market excited. £61 j Speculators attempting to efTect a cor- r ner. Quotations 1 cent higher. January, 20 1-4." New Orleans, Dec. 11.—Liverpool at 7 to 8 up Is a correct response and should not change our opening. The estimate today will he In hales of 600 pounds gross weight, and Is ex clusive of Ilnters, etc. The consensus of opinions on today’s report Is aroupd 12,260,000, but con clusions drawn from yesterday’s small census figures suggest that a*govern ment estimate around 12,000,000 should not be surprising. The Western forecast indicates part ly cloudy weather with showers prob able in Louisiana, Arkansas nnd the territories tomorrow. with colder weather. Fair and warmer weather .'11 west Texas and Increasing cloudiness In tho eastern part. The Eastern forecast Indicates fair weather tonight and colder, and Wed nesday slightly warmer and fair. Edited by Joseph B. Lively MARKETS Mr. Llrelj's twenty-fire years' experience of ed iting market. In Atlanta and the Botith tue roede him * reeognlied au thority lo bio opedalty. TIPS FLASHED From Wall Street. RANGE OF NEW YORK STOCKS AND COTTON MARKETS .N AME OF STOCK. ... Coast IJb* - - - America* Sugar UttJ* . . American LocooaqtlT* / ~y iStjSg v: .viwip^Mrfiiri nerteon'eofi ra OIL .’ .’ .’ . ( 32 I lii ' 32 I 72 American C«< - Ain. Car Foundry. . . Baltimore ft Ohio. • . Brooklyn Rapid T. • . Canadian Pacific. . < . Chicago A North w*o. . Chesapeake ft Ohio. . Colorado Fuel ft Iroa. Central leather . . . do. preferred. . • . Chicago A Grew* W. . Cbtengo. M. ft f*t. P. . Delaware ft Hudeon. . Distiller • Bee un flee. . Erie . do. preferred. . . . General Electric. . . . Illinois Central Am. Ice Securities. . *.»■*' * —TXI o- . 197':,! 19* I 196$, 197 .211 211. 210 — .1 68 | 69fci 68 j . 57*41 C8$! 57HI •1 36*1. Wit 3*941 , — f — jl im *' lmSf i*H41 life 46*| 45%| 45V! 45% I 45 76 ! 75% 73% 75%; 76' 163 ! 162 162 161% 162 ! I I 175 j 175 - - - - — GINNERS’ REPORT WAS A SURPRISE Ne\y York, Dec. 11.—The glnners* re port of 10,025,000 bales ginned up to December 1 took very many by sur prise. ft Ih true that some estimates hod fallen below 10,000,000 lmlos, but not very many people were ready to accept them. Bulls themselves in some cases seemed to think such figures too good to be true. Unfortunately, com parison cannot l»e made with the same period two years ago, ns the report of tho ginning up to December 1 was not begun until last year. The tidal ginned up to December 13 two Fears ago, how- ever/was 11,971,477 bales, nnd to equal that total this year there would have to l>e ginned 1,946,032 bales, or at the rntc it over 162,000 bales, which would be far larger than any ginning wit nessed In years, if Indeed, It was ever equalled, nnd that nt a time, too, when ginning generally decreases ns It did In December, even In the high record year of 1904. Today comes the estimate of the crop by the department of agriculture. The crop guesses based on the ginning fig ures published were very generally 12.- 000,00o to 12,600,000, though some were us high as 12,500.000 to 13.000.000. (t should be borne In mind tha» the gin ning figures are probably Incomplete. Director North nu.de that plain enough in a recent announcement. There is Indeed a great temptation to withhold returns for the probable effect on the market. Making every allowance for this partial suppression of the facts concerning the ginning, however, hulls are lm lined to think that the crop can not greatly exceed 12,599,000 at the most, nnd they maintain that the world's consumption will he fully as large as that. New Orleans, Dec. 11.—The Tfmes- Democrat says: . "In the digestion of the glnners' re port showing 10.025,900 bales pinned to I>ecember 1, bulls derived some com fort, but neither faction acquired there from much fresh ambition for the good reason that today’s quantitative esti mate may undo any opinions yester day’s figures may have inspired. Uon- sequently the cotton market lacked de cisive tendency, even though u fafrfy substantial advance was scored on the showing made. Bulls figured the av erage dally ginning* as 54,000 bales less dining the period from November 14 to December 1, than during the period from November 1 to 14, whereas the falling off during these periods last year was only 13,000 in the average dally outturn, and thereby stressed the argument that relatively less cottor was available to the gins. Bears, on the other hand, could not see the thing In that light at all, und stuck to old standards of calculation. Aside from the more or less meaningless glnners* report, which Liverpool may construe radically this morning, actual cotton merchants rep* rtecl a continued heavier demand for supplies than they were In position to meet. It Is believed that the combination of circumstances which have removed the arbitrary dif ferential of ten points against north and central Texas t n local shipments of cotton to New Orleans may turn some Lone 8f«r State cotton this way. Missouri Pacific. 95%! 26% 94%j 94% I 91% NAME OF STOCK. N. Y.» Ont. ft Western National Lead. . . . Northern Pacific. . . New York Central. «n£;{$d8$f do. preferred. ....... .fL2SL^.'..... u.ii ' ill' ii d Steal Car ricisW."?'.:: t:: Reading. ........ Republic Steel Rock Island. . . do. preferred Red 8tato3 Bi da preferred Southern Pacific, southern Railway do, preferred. • • $ loss -Sheffield. . . . Venn. Coal ft Iron. . Texaa ft Pacific. . • • fnlon Pacific. . • ... t'nlted States Steel. do, preferred. . . vs.-Car. Chemical. • do. preferred. . • Vcstern Union. . • • Aaimsh do. preferred. . vtsronalo Central, do. preferred. Total stock anh»q t*xlny l,l09,20u share* NEW YORK. Tho following Is the range In cotton fu- turoa In New Yr-*- Closed barely steady. d l O High. | k 11 i it tv r>pr Jnn F«*b March. . . . April. . . . May June July.. . . June 9.921 9.93 to. toko. 10 9.50 9.54 10.27 10.27 9.75 9.75 10.38 10.38 9.6C: 9.66 9.33 9.40 9.50 9.60 9.69 9.65 i ’blit 9.66 9.38 9.48 M0 M0 9.69 9.77 i 9X 9.66 9.35-881 9.98-99 9.47-48IIO.IO-U 9.56- 58 10.19-20 9.56- 58,10.27-28 9.69-71 i 10.33-35 9.77-78) 10.4L-42 9. Kl-Ml 10.44-46 9. #4-8$ 10.48-49 9.66-67)10.30-32 NOTES ON GRAIN. Pointers on Provisions. By Private Wire to Glbert & Clay. Chicago, Dec. 11.—Our foreign cables are firm, and the market has been steadily Increasing In strength with much bull help. The supply and de mand position Is so healthy that we look for a quick advance once the mar ket gets fairly started. Provisions opened lower on genera! selling by commission houses and only moderate local buying. The feature »f the market was the purchase of 1,000,- 000 May ribs by a commission house. Chicago Chronicle: "In nil the mar kets of the country good wheat Is com manding a premium over December. This is especially true In the North west. where tho big spring w'heat grind ers are located, they pay I nig nt Minne apolis above May prices for No. 1 northern spring, either spot or to ar rive. . This suggests the Northwestern crop is not as large as formerly con templated, the opinion being empha sized by the fact that the Northwest has bought of the Southwest some mil lions of No. 2 hard wheat. The flour trade In springs is not good, but in winters It Is very fair. The car situa tion Is yet had, curtailing both receipts and shipments at .tfrmlnal centers. Should speculation revive, of which there Is now some promise and alw’ays a possibility. It would no doubt help vulues. But visible stocks are so large that without a materially increased speculation and Improved shipping and export demands these visible stocks can not In the natural order of things prove but.a weight upon values until they are reduced to a normal.” Evening Post: “Minneapolis wired Pringle, Fitch ft Hankln: ‘Manager of large elevator here tells me their re ceipts of oats at country points so far on Gils crop are about half of w’hat they received last year up to the same time, and that the quality this year la very poor.’" Broomhal! cabled: "World’s wheat shipments for Monday will be about 10,000,000 bushels for the week. LIVERPOOL. The following figures give the opening ■ange and close, compared with yesterday: Futures opened easy. Opeulng flange. )ec. .... 5.70%-5.72 6.72% 6.70 lec. Jan. ... 5.64% 6.66 5.64 'an.-Feb. . . 6.62 -5.63% 5.63% 5.61 6.62%-6.62 r 5.64 -6.67% -5.68% Previous ?lo« 6.64 & 5.55% 5.56 5.67% Closed steady. 5.61 6.61 6.63 5.67% 5.63% 5.59% 6.66 5.60% 5.70 6.67 5.61% 6.60 5.54% BULLS AND DEARS EOUALLV DIVIDED Results in Narrow Fluctua tions in the Prices for Wheat. Chicago, Dec. 11.—Wheat closed 1-4 @>3-8c lower for the day. Corn, 1-4# 1-2 off. Oats, l-8<0>3-8 lower. Provi sions, 10#30 cents lower. Cash sales were 18,000 bushels of wheat, 600,000 bushels com and 90,009 bushels of oats at Chicago; 6 loads of wheat, 3 loads of corn, and 50,000 bush els .oats. There was more or less talk of an elevator raid In the wheat pit. No. 2 hard winter wheat Is 76c btd at Minne apolis with ^ rate from the Missouri river of 9 3-4c, while No. 2 hard winter was offered In tho pit at 73 l-2c and the rate from the Missouri river to Chicago Is 10 3-4c. The trade was at a loss to account for this showing. There was good buying of May wheat below 79c by the Northern Grain Com pany and the St. Anthony people, the latter the Chicago branch of the Wash burn-Crosby milling concern. Primary wheat receipts 959,000 bu*h- els, corn 556,000 bushels, compared with 726,000 bushels and 1,059,000 bushels, resi>ectively, a year ago. Clearances for the day, 174,000 bush els of wheat, 71,000 burfhel* of corn and 7,400 of oats. CHICAGO GRAIN MARKET for today Open. 34% 36% 33% 41% 34 m 15.77% 16.03% 78% 42% on 33*4 33*4 WHEAT— Her. .. 74*4 .... Slay. .. W hlch’Europe will take about 8.800.000 i • , 'to n v._ :s ‘* bushel*. The Actual ehlpment* Inst 1 |,. p 4.7 week w ere 10,418,000 bunhel* anti tho»e j j|„.' " of n year HK‘> 12.782,000 bushel*, The j July. .. 44*. ehlpment* from India thl* week amount OATS— lit 808,000 bushel*, ngaln.*t 488,000 bush- 1 Hoc. el* last week nnd 752,000 bushels a JJJjJ- year ago." ' pottk— King, of Toledo, says: "There will lie j n „. ..18.00 a meeting In Chicago next Tuesday to ‘ May. ..18.15 try ami establish uniform grade* ill l.AllL'— grain for all the different markets. Big! I*?' i iii: Chief Culver will bo the delegate from [ siiJKS . * our exchange. The Grain Dealers' Nn- j,„. ..8.8214 8.4714 8.40 8.42(4 S.53 tlonal Association started the move- May. .. 8.55 8.55 8.45 8.47(4 8.80 mont. President floeman nnd Secretary j Courcler will be there, also delegates : t'a.h Wheat—So. 2 red, 75'i®75»,: No. 3 from the different exchanges and mill- j d« t No. 2 hsrd winter, t4(4®77; So. NEW ORLEANS. Pec. . . Jan. . Fob. . M a roll. April. . May.. . Juno.. July i 1»' i B 13 si 0 Ciogocl stoady. 9.71 9.91 9.91-9210.61 9.98 9.98 9.88[ 9.881 9.92 |10.56-57 10.53 10.54 9.85 ! 9.96! 9.96-97 10.69-60 ! | 10.01-00 i 10.64-66 10.65il0.65i0.00il0.08 ! 10.08-0y|l0.71.72 | ! 10.1316110.76-78 10.76{l0.76ll0.30il0.30il0.20-22:i0.8S-S6 THE WEATHER. LOCAL FORECA8T, WEATHER CONDITIONS. pant of tho Rocky Mountain* nnd proclpltn tlon has boon general over tho pastern half of tho map ana on the Paolflc const. Snow la falling this morning nt Oswego. X. Y.. and rain nt Charleston, Rtin Francisco and Yellowstone Hark. Tho ores of relatively low pressure that passed over this sootlon yesterday fs now moving off the coast of North Carolina. A second low of much greater energy Is mov ing In over the north Paolflc eonst, pausing n rnpld decrease In pressure nnd much warmer weather over the northwest. Today a crest of high barometer extends front the northern lake region southwest to Mexico. The advance or this high has caused n general fall In temperature In the south and nt most stations east of the Mississippi. The conditions tnvor fair nnd slightly colder weather In this section tonight, to morrow fair nnd warmer. Minimum and Maximum Temperatures and Rainfall. Observations taken nt 8 a. m„ 15th meri dian time. By Private Wire to Glbert ft Clay. New York, Dec. 11.—Marshall. Spader & Co.: "It is quite logical to expect a strong market today, with most Interest centered Jn Beading, the Coppers, Pennsylvania, St. Paul and Southern Pacific." Dow-Jones nummary: Americans In London very strong, 1-2 to 11-2 above parity. Treasury gives $20,000,000 tft help money market, half by deposits In banks all over the United States and half in redemption of government 4s. • Pennsylvania receiving new can. at rate of 160 a day, : and still ordering more. Washington begins' consideration of currency reform. Bank of England expects to meet financial situation without advancing the rate, and continues to obtain gold, losing, however, on balance to the coun try. Return movement of currency now due delayed by great demand tor money at all centers. Forty-two roads for the fourth week in November show an average gross Increase of 9.48 per cent. Twelve Industrials advanced .29. Twenty active roads advanced .35. New York Financial Bureau: Infor matlon on Reading continues bullish. 8t. Paul Is tipped for a further rise. Fuel Is ready at any time, we think, to bo raised sharply. Union Pacific should, as before stated, be bought on all soft spots. We have great faith In the promise of higher prices for Copper. Anaconda is tipped for 300 again. Vanderbilt houses are again bulling Central strongly. United States Steel Is exceptionally well bought now, and could be raised further easily. Smelting met good support toward the low limit, and can extend to 155 without opposition. The Atchison stock Issue Is causing hesitation In that stock, which we would not buy except on reactions at present. Canadian Pacific should do better soon. Erie Is being bought by Morgan houses. The Tractions must not he overlooked, for tho shortage Is large and the pool Is merely “In suspension.” Pennsylvania seemed fairly well sup ported now below 138. Wo are favorable to Rhode Island for turn. The big earnings of South ern Pacific should cause some short covering. There Is no reason to change the bull position on Louisville and Nashville or Southern Railway. STOCKS REVIEWED BY NEW YORK SUN IT ME* Canadian Faeifift Had Sy U . sational Advance of Over 5 Points. HIGH RECORD Price Reading Was Persistent)v Bought—S. O. Brokers Bought U. P, 8.67% 8.67% era’ associations. Total stocks of wheat at Minneapolis 2.229,822 bushels. Including 810,518 bushels No. 1 northern, shows Increase In the total of 373,126 bushels for tho week. Stocks of flax week ago 132,023 bushels. TODAY’S PORT RECEIPTS. The following table shows receipts at the Interior town* today, compared with the ■time day taat year: NORTHWE8T CARS. car* of today, last week Last Today. Week Minneapolis . 342 Duluth 260 su THE SUGAR MARKET. 41*) New Orleans. . <fltlV«'*tOU Mobile SitVituimli. . . . Charleston. . . . Wilmington. . . . Norfolk l!«>* ton Philadelphia. - . . San FartteUco. . Port Townsend.. Jacksonville. . . 1893 6331 l<»14 Total t Incomplete). INTERIOR RECEIPTS. *lay last year: ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone, Main 858. ATLANTA. GEORGIA. which under previous conditions would have gone to <Jalve*t°n. but the dis turbed exchange market at New York Is Indng reflected at Now Orleans In a situation wholly unsatisfactory to« the exporter of cotton. Some local bank* ers are refusing to j ay men* than 4.77 f«yr sterling lulls, the lowest rate in mgny year** Speculative interest was not Increased to »my Iqirmrtnnt extent, and today’s "filepa) crop retlmptc wiU, therefore, lx* Jarcaly. dcf^ndem upon fnt*!» a peculation f.r its* influence on. No far Loudou beets steady. WEATHER FORECAST. Louisiana—Fair Tuesday; colder In south- east portion; Wedneaday partly cloudy and warmer. Georgia—Fair and colder Tuesday, except rnln on the coast; Wednesday fair nnd con tinued cold. West Florida. Alabama and Missiswipid— Fnir nnd colder Tuesday; Wednesday fair. Fast Texas—Fair Tuesday nnd Wednes day: warmer Wednesday. Arkansas—Fair Tuesday ami Wednesday; warmer Wednesday. West Texas—Fair Tuesday and Wednes day; warmer in north portion Wednenday. Tennessee—Fair nnd somewhat colder to day; Wednesday partly cloudy and warmer. MINING 8TOCKS. Boston, Dee. ll.—North Butte L)9%, Arca dian 8%. Copper Range 81, Mohawk 79. t’nll- foruln und Arfxonn 162, Butte I'ollertion 36%, Atlantic 13%. Ahliene. . . . Amarillo. . , . Asheville. . . Atlanta. . . . Augusta. . . • Birmingham. . nismarck. . . . Boston. .... Buffalo Charleston. . . Charlotte. . . . ftiiongo. . . . Cincinnati. . . Corpus Chrlstl.. Davenport. . . Dodge City. . , El Paso. . , . Fort Smith. . . Galveston. . . Havre. .... Jacksonville. . . Kansas City. . Knoxville. . . Lo* Angeles. . Macon Mobile Montgomery. . . Nashville. . . . New Orleans. . New York. . . Norfolk. .... North Platte. . . Omaha Palestine Pittsburg. . . . Portland. Me. . . Portland. Ore. . . St. I/OUlS. . . . St. Paul I in Sun Francisco 4S Savannah ! 62 Npoknne i 38 Tampa | w> Taylor 38 Thoinaaville. . . • . 64 Vicksburg I 52 Washington 1 4> Wilmington 58 T ludlentea trace of rain In cush holdings In national banks solo market factor this morning, our market opened operators New York, Dec. 11.—The Sun says: The first loan made-on call was at 20 per cent, and almost Immediately the rate rose to 28 per cent, holding be tween 25 and 28 per cent, until renew als were made at 25 per cent, after which It began to decline until it dropped to 6 per cent shortly' before the close of the day’s business. “Time money was. If anything, a lit tle more stringent than nt the end of lost week, for while the rates did not rise above the highest quotation then made, the outside figures were paid In j most Instances. Up to the close of | business no announcement was made j New'York" houses of any action on the part of Secretory Shaw to relieve the situation, although during the day bankers freely ex pressed the opinion that on account of the stringency In time money relief would soon be forthcoming In the Inter est of the country’s commercial activi ties. on the afternoon advance, which was accompanied by an Increase In the activity of the market, early losses were about recovered In many cases, closing quotations being In a few In stances fractionally' above those of Sat urday and some satisfaction was de rived from the fact that what are con- | AimcimdaVr* *. U V*7 sJdered the special favorites of Stand• j Atchison. ’. \ *. ’. ’. ard Oil Interests—St. Paul and Ana- j Baltimore ft Ohio, conda—were among the strongest fea- i <jnmullnn Pacific. . ias rumored that the dlvi- j l^Tuto Unnde. tS4>OtJiWOi»WO<HKK>O<iO0Ocoooo <J SHAW WILL DEPOSIT 2 O $500,000 IN ATLANTA, o 0 o 0 New York,.Dec. 11.—Seeretarv a 0 $haw will deposit $10,000.ni)y m a 0 existing depositories as follows: a 0 New York and New Orleans, $i.. a O 500,000 each: Boston. Philadelphia, a 0 Baltimore, Chicago und St. Louis. G O, $1,000,000 each; Cincinnati, Louis- -j 0 vJHe, Atlanta and Memphis, $50n.- p 0 000, and also buy $10,000,nun ,.f o 0 the bonds of 1907. o 0 0 O00000000O0000000000OOODOO New York. Dee. 11.—The nnnoum*«*:m j,t that $20,000,000 treasury funds will \»- r*n tiered Immediately available for niony mar ket use, hnlf through bond redemption and half through direct deposits, was quin* in line with what had been anticipated yi vt, day. There was some quibbling in Kp«i*nla- tlve circles over the fact that the money Is to be so widely distributed instead of all coming to New York city, but In higher financial circles this objection was not «.•. riously considered. It was contended n-.u sonably enough that the Increases of g.n. eminent bank de|»ositM in other purts of Mm country would nt once react favorably mi the local bank position by correspondingly reducing the demands Upon this center from correspondents In the Kouth and West. 1 Miring the remainder of the year Mii* should have the effect of turning the inte rior exchanges ill favor of New York, whieli is the Important thing to see nceomplished. Pall money on the news opened ut l" per cent this morning nnd quickly dropped t,. s per cent. In the early London dealing* there was n very sharp rise in Amerlni i stocks. Prices here failed to adjust them selves completely to the higher level, and there were repented evidences of h<aw profit-taking, which caused cowsldcrahle i: regularity throughout the morning. But in the main upward tendency was well pre served. $ New York. Dec. 11.—There was evidently a scramble to cover on the present shorn at the opening of the stock market, and ini tial quotations showed general 1 Befm hfl/f stocks In large amounts in London nnd in turn London bought fully 5fl.flflO slisres IT|» »rt *».« of! around the room on the New York exchange i p to the close °f I in the first few minutes. Philadelphia and •eraistent nnd ag gressive buyers of Rending, but thl* trai met with such a large supply In thut M-sk tlmt Its price renetc*r 1%, i The .'xtrem • gain of the morning was made In rnnadisn Pacific, which had a sensational ndvnnr** of 5% to 198, the highest price at wnlrh tin* stork lui* ever sold. Standard Oil broker* buyers of l’nlon Pacific and St. I’anl. LONDON STOCK MARKET. STOCKS- I Amalgamated Copper. tures. It was deipl on Anaconda would be increased j when the directors took up the question | \j n ' preferred ... next week, nnd there was reiteration »f I Great Western.’ the rumor about an extra distribution I Illinois Centrni on Reading to account for the great I Kniiuaa ft Texas. . . . strength that Issue displayed In the i jZV-imiT^vA.iiviiie ’ last hour. Satisfactory progress, It was Moij7a„ rental ' said, was made during the day toward New York Central*. *. ’. *. adjustment of the labor controversies, i Norfolk ft Western. . . , which for some time have been the 1 Non hern Pacific. . . . cause of uneasiness In Reading official & Western, . . quarters.” (Jlbcrt & Clay. | iMS!?* it.Ww ! Rock Island THE METAL MARKET. | g^rliera Pacific New York. Dec. 11.—Copper strong. Tin ( ”' , J*thern # ICallway. was up %c for spot and near-by deliveries Hpelter nnd lend were a fraction liettcr. do. preferred. NEW YORK COFFEE MARKET. Wabash, do. preferred. THE LIVE STOCK MARKET. Chicago, Dec. 11.—Hogs—Estimated receipts today 28,000. Market slow; bulk $6,1506.30; mixed $6.05 6.30; light $6.0506.30; heavy $5.8506.35; [ rough $5.850 6.06; pigs $5.5006.25; ! yorkers $6.2506.30; good to choice heavy $6.250 6.35. Cattle—Estimated receipts 5,500. Market steady; beeves $4.000 4.75; cows $1.3004.70; heifers $2.3005.10; calves $5.5005.75; good prime steers $5.5507.45; poor to medium $4.U0#5.50; stockers and feeders $2.6004.60. Sheep—Estimated receipt* 18,000. Market steady; native $3.2505.85; western $3.250 5.75; yearlings $5,600 6.35; lambs $4.7507.85; western $4.75 0 7.75. LIVERPOOL GRAIN MARKET. Following I* tho ononius rang, ami Villon 1‘n.lHo. chute hi the New York coffee market for today: Opening Range. Close. January 5.35 5.35-6.40 February 5.40-5.50 5.40-5.45 March 5.55 5.50-5.65 April 5.60-5.70 6,60-5.65 May 5.75 5.70-5.75 June 5,75-6.85 5.75 5.85 July 5.85-5.90 5.85-5,90 August 5.90-6.00 5.90-6.00 September 6.05 6.00-6.05 October ... .6.00-6.05 6.05-6.10 November .. .. .. .. .. ..0.15 6.25 6.10-6.15 December 5.25-5.30 5.20-5.30 Closed steady. .105% 104% 1-1 .119%! .195% i9*% ::c 146% 146% 145% 28 i ■■ 135% 135% 131% 95U 1 221V 49 - 139% 139 153%: 153% IP’s 31S! 94%' JOS 34% 94%' 184% 1M% i«2% 50% 50%; r‘ i 06 K,% !■'-> 20%' 42% ! 186%! 146*i SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOCKS—BONOS—GRAIN Ground Floor Gould Building. Dally market letter and market manuni mailed on application. C. E. CURRIER, President. A. E. THORNTON, Vlce*Pre«ident. H. T. INMAN, Vice-President. GEO. R. DONOVAN, Caehler. JAMES 5. FLOYD, Ae« r t Caehler. Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. Wheat opened unchanged; F:33 p. m./ » % higher: closed % higher. Corn opened % higher; 10-.3*) p. in., higher; cniseil unchanged to % higher. THE COFFEE MARKET. New York, Dec.’ll.—The coffee mar ket opened at a decline of 5 to 10 points, owing t.A disappointing French cable*. Havre was thought to be due to come about 1*4 to 1-2 franc higher, and after showing an advance of 1-4 franc at one time during the morning, was net unchanged at the hour of the local opening. Later the decline here wn* increased owing t«» the big ga., Paulo receipts foi the day and during the middle session the market was about 10 to 29 points net lower with price* at the low |>olnt of the previous day all of yesterday’s recovery having ■ Opening, been lost. Receipts at Sao Paulo foe! Deceuilwr 3r"*“ CHICAGO CAR LOTS. COTTON SEED OIL. bag*.--Uibect ft Clay. • ftakts, lw December0* Afe^Oeted steady. HUBBARD BROS & CO. COTTON MERCHANTS Atlanta Office*. 219-121 Century Building. Member* New York Cotton Exchange. New Or- lean* Cotton Exchange. Liverpool Cotton Asso ciation. Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the aboveexchanges. Direct wire service. Correspondence invited. Phones 4SI. Long Distance 39. A. S. Hti«*s<-. M<rr.