Newspaper Page Text
THE ATLANTA GEORGIAN,
DECEMBER 12. 19*.
mm CABLES
IE E
Did Not Fully Respond to
New York’s Decline of
Titesdav.'
NEWS AND GOSSIP
of the Fleecy Staple.
12:90
22ff23 lower. Wiu pipertwl nlwMit
2# lower. On till* barf*. we should open
lOttlJ higher.
If(i«'«r«| M’IInou offering 5.CSX) March at
9.6*4'.
The Journal of Commerce; “A large vol
nine of nierchnndlse l> being moved out of
the
eight
wing
NEW YORK WAS WEAK
Wire Houses and Commis
sion Houses Sold Heav-'
ily at Opening.
00000000000000004000000000
o o
O 20,000 BALES OP COTTON O
O IN YARDS AT DECATUR: O
O WORTH OVER *1,000,000. O
o o
O Special to The Georgian. O
O Decatur, AUt.. Dec. 12.—There 0
O are ovtr 20,000 bales of cotton ly- 0
O Ing In the yards of the I>ecatur O
O rot ton Compreta Company In thin O
■Ct city. The cotton covers live acres 0
O of ground and Is worth over $1,- O
C 000,000. This jh the most cotton O
O ever seen In one place at ono O
O time In this poitlon of the South. O
O O
OOGOOOOOOOOOOOOOOOOOGOOOOO
Ilcgvy selling by wire nnd commission
h<iu«u n'og stop orders mused the New York
market to open much weaker than duo on
the <-nblef. A good deni of cotton waa
picked np bjr • professionals who believed
that tfie break find been overdone.
It Is apparent that Manchester spinners
ore on the "nnxlou* sent." ns all declines
nre met with heavy buying from that Inter
est. The sales Wednesday aggregated 14,0»J)
bales tit n decline of 25 isdnts. which would
Indicate that present prices are low enough
ft»r Unr grade rot ton tin d entirely
too low for the best grades.
The New York market for futures
on Wednesday held remarkably steady
In face of the estimate by ftie gov
ernment, ami at the close prices were
unchanged to » points higher, the lat
ter for December, the spot month.
tallowing* Is the range In thu active
.months In Liverpool today.
Open. High. Lew.
Doceinlier 5.45 5.47 5.41
5.40 5.40 5.33
5.40 5.40 5.32
5.43 5.43 5.36
•ment:
1106. 1W6. 1901.
J 4,7,4J5* J<«»,78|
121.406 Id.254
451.732 439,719
i iHwemisT
■2 January-February
X; March April
m nfay-June
f , l$em l-weekly
» .‘Hct+lpt*
if Hhlpmcnte
Ntioek*
J25,J£>
110.323
518,913
• . /Comparative receipts at I’. S'. iHirts:
: -Net receipts today ' 62,217
•Same day last year 34.635
* Same day
.’Increase
Total receipts for three days
: Same days Inst year
Increase
Total receipts s^ne
2*4,659
171,763
92, m
Heptemlier 1.... 4,981,307
Hfiiuc tittle Inst j’enr...
IlM-rcase ‘
Estimated tomorrow:.
1906.
New Orleans 10,000 to 12,000
tialvestou 11,000 to 14,000
Houston 11,000 to 13,000
Movement at Atlantn:
Receipts today
..erne day last year
Increase
mupunfes in the enden
shippers, but the demands
service than usual bid fair to
table congestion."
New Orleans, Dee. 12. —Llv
lower does not reflect our d
due 2S point* loser. Hpot sales of
bales suggest that spinners are willing to
take cotton «t present prices and not
await possible lower levels.
Liverpool cables: "Continental and
Manchester houses are buying. Think short
Interest Is nlxnit liquidate*!
Edited by
Joseph B. Lively
MARKETS
Mr. Ur.l;'l tw.nl/-flvr
j«r«* .xperlencr of rd-
Itloc mark.U In Atltoto
nnd rh« South bn raid*
him « rocofnlMfl *n-
thorlty Id hln «p«c*»lty.
TWS FLASHED
From Wall Street.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF KTOCR.
A
u
-s
is
ti
° *
ft. -
o
3
§
ket llkelv to decline fill'
cut."
t the lilo
suit tile
The adjustment 9f prices
newer developments continues. on me
opening loti** liquidate*} freely Mini shorts
were equally ns desirous to cover, the
nervousness of tin* market becoming plain
ly marked by the |iicous«Hpietitlnl Inter*
est that the market holds. All new de
pends upon the spot situation, and the at
titude of spinners will be closely wntehed.
The pestern forecast Indicates fair loin-
The eastern forumnt indicates fair and
warmer weather tonight ami tomorrow.
Little or nothing Is lielng done today In
spots. The demand has abated aud market
fs expected about -V down.
ATLANTA MARKETS.
FRUITS AND PRODUCE.
EGG8—Candled. active, 29c.
LIVE POULTRY—Hens, active, SSftMC
each: chickens plentiful, 15025c .each;
ducks. Pekin. 36c each; puddle.
each; gweee. full feathered, C6c each; lur*
Geese, nndrawo,
. turkeys, undrawn,
pound; hens, undrawn, sc
d; ducks, undrswn. fancy,
8P0T COTTON MARKET.
Liverpool, easier; middling uplnnda 5.79d;
sales 14.0UU.
Atlanta, easy; middling 1(15-16c.
New York, steady: middling 10.50**.
New Orleans; quiet- inbblllug 10 3-16**.
Augusta, steady; middling lOWe.
St. lands, nominal; middling 107$o.
savannah. quiet; middling 1«c.
I button, steady; middling 10'Ae.
Boston, steedy; middling 19.5b**.
Baltimore*, nominal; middling 1014**.
Memphis, quiet; middling 10 11 -16c.
Charleston, quiet; middling 9ty\
TODAYS’PORT RECEIPT®.
The following tnhls shows receipts at the
Interior towns today, compared with the
same day last year:
keys, acUre, 14«* pound.
DKE04ED POULTRY—'
active, iO0i2 1 /tc pound; ft
" - # 1_
15c poundfries.' active.’16e pound.
PRODUCE—Tennessee libs and lames, *•-
Tennessee sausage. 9c; lard. 10c lb.; hnuu
octlre, 14c lb.; shoulders net Ive, 10** lb,; sldei
active, 10c lb.; butter active. I5*j22tyc lb.
Imeswas, active. 26c pound; honey, bright,
active. Hr pound; honey In 1 -pound blocks,
active, tZr pound: cheatnutn nr the.
bushel; dried apples, 6c pound; whdte peas
active. 12.60 busnel; lady peas, 13.00; stock,
|1.40<M .Ba . .
GAMS—Quail, active, 16c each; doves, sc-
five, 6c each; ducks, mallard, active, 40c
each; ducks mixed, active, gr «u*b;
wild turk./D, Dctiv,. 16j- poiinil: raldiliA *.
tlve, 19c each; squirrels, active. 10c ench;
opossum, dressed, active. 12He pound; opos*
sum. live, active. Ic pound.
Fill’ITS—Lemon*, fancy Messena, 14.690
6.00 Bananas, per bunch, culls, active,
•OrWI.OO: •IralflbK. II.50*12. oft ,, ln;Dpn1«.
Florida .took, p,r rralo. KM OraDMJ
Florida atook, win* lo .iio arid conditio,
en arrival, n-r hoi. I1.50C!.*. ApptM.
rholoo, B.I1 llnvla, $2.7503.1)5; fancy. K.f;
Now Tork atato applea, wlntw jwtr-
11.. . cboloa par harral. »«7.
13.7604.00. Grape*. New York state, lu 6-lb,
tmastotrsaastgg
muHo* ,ss\rss
stis k. owing to sl*e and color, per box ll.W)
41*50. Limes. Florida stork, per hundred.
754-1*31. Nuts, fancy, mixed. In lw»xes. per
rounds. 12V4G14c. Coeoannts, hesvj rultans,
sack of lOoTaetlve, at $4.50 sack. PesnuUln
sacks averaging 100 pounds each, owing to
**Vb5sJKaKXr^-Beets,’ csbbsge emtes,
active. $3.00 crate; cabbage, standard crates,
l«c pound; cabbage, barrels, t*ic pound;
... plant, artlv.. 62.60 crat.; cnrnin-
h”a. 61.50 era to: tmnato.a, fanny, nnllvj,
6*60 crate; toinato»a, choice, fletlye, 62.0OU
1* crate: lieana, ronnd .Kreen, ».<» CMte,
ontone, dry, active. 15c hu.hel; Irlah pota-
toea. aetlve No. 1. SOc tmaUel; celery, fan
cy, tMisae bnncli: pepper* actlye, 6U*
crate; ukra, ala liaaketa, amall. 62.50 ornle,
canllli’w.r. ticllv.. aoiOc pound: l.ttuc.,
r-«i hnndeil. 61.00*11.60 drum: awnct potntooa, yel-
37S I low. active, 60 liuahel; aweet imlnKe-a.wblle.
1-.065 actlr., iwt.- hoab.l; kraut, half harrcl. M >5:
rutahaga tiirnlpa. like. Ktrawherrlct. 33#<0c
* *** 1 crate.
FLOUR. GRAIN AND PROVISIONS.
FLOIJR—III,beat patent. 66.60; I..61 pat
ent 6*.to; atnndard patent, 64 »: half pat-
•ot. IC 99; spring whest patent, 95.
*cbUN—Choice red cob ®e; No. 2 white.
C7c; No. 2 yellow, 67c; mixed, «7c; old crop
choice, «**; old crop No. 2. 17c; old crop
mixed,* 67c: new Tennessst white, 65c; crack
NEW YORK.
•The* following la the range In cotton fu
tures'fn New York today:
ill
2 It
jf
||
Dec. . , ,
Jnn. . . . .
Feb
March. . . .
April. . . .
May
June. . . .
July
Aug
9AIU9.41
9.50 9.52
9.50 9.50
9.60 9.69
9.58 9.09
9.63 9.82
9.73 9.87
9.75 9.89
9.69| 9.69
9.39j 9.40
9.39) 9 49
9.50' 9.60
9.521 9.84
9.58 9.89
9.83 9.79
9.63 9.73
9.75! 9.87
9.69, 9.69
9.40-41
9.48-49
9.6747R
9.64-66
9.70-72
9.77-72
9.81-83
9.86 87
9.89-71
9.16-8*
9.47-48
9.58-58
9.84-85
9.69-71
9.77-78
9.81-83
9.84 85
9.66-87
Closed very steady.
1915.
S.K73
H.689
9,526
New Orleans.
Galveston. . .
Mobile. . .
Snvannnh. . .
Charleston. . .
Wilmington. .
Norfolk. . . .
Boston. . . .
I'ldladelphla. .
Jack*
vllle.
2474H
177W
IMS*
K509
9267
II7N'.
1646
Hi
corn. Per bushel, 79r. , M .
OATS—Choice whits clipped, 80c; No. 1
white, 46c; No. 2 mixed. 47c; Texas rust-
***61EAL--P1XIn water-ground, par bushel.
C5c; boftsd. 140 pound lutes, per bushel 6oc;
Khort*. white, ll.M; medium. $1.40; brows.
$1.35; pure braitn $!•-•»; mixed brand. $1.15.
UiT-T* * " * ‘ * **•
d»., COoli
••lover
$1.16.
Timothy, cholco lame bal»a. jl.3: i
ties small bales, $1.25; do., No. T o
Bar
INTERIOR RECEIPTS.
The’siHive price* are f. n. b. Atlanta.
-ONf, “
aams. $9.00. Dry i
2.95 ftonnthi, 10.31:
. Hnpreuio lard, lO.oo;
Snow Drift comptmnd S.50.
FISH.
Bn*sm. 607c pound; snapper. 10** pound;
trout, H«* pouml; blue (lull, k** pound; pom
Pam*. 1 Mi2oc |*oiiml. mackerel 8«* pound, mix
e«| deli. A* pound; fresh wiser treiil. M*b>“
iHiund; bar sha«l. 5n<i€•*•*: r.n'k shad, 2T*trJm*.
GROCERitr..
BUOAR—Mtnuitam gran mated, f.Vio New
York refined. 40c; plantation, Ic
COFFEE—Ronate*! Arhiickls’a, $1150; bulk
. -- *" green 110l2e.
according to ths
B *c1TekHE— Fancy full cream dairy, l6V6c;
twins, 13**.
Hbreddnl biscuit, $5 case; No. 2 rolled
AtlantL — _
Ain-rlcsa Huger 14ft-
Anaermd.t. . . .... -
American Locomotive.
do. preferred. . • •
Am. HmtltMg Kef. . .
•lo. preferred. . • .
Atchison . .
uo. preferred. . . .
American Cot'on Oil. . .
Am. Car Foundry. • •
Baltimore A Ohio. . .
Brooklyn Rapid T. • .
Canadian l*act&c. . • .
Chicago k Northw'n. .
Chess peaks k Ohio. .
Colorado Foal k iron.
Central Leather. . • .
_ do. preferred. . . . *
Chicago k Great NT. . .
Chicago, M. A Bt. P. .
Delaware k Hudson. .
Distiller's securities. .
Erls. ......... .
do. preferred. . . .
General Electric. . . .
Illinois Central. ....
Am. Ice Securities. . .
tanisrllt* k Nashville.
8114
5*1,
36S
igii
mil 161*4
ITSVi 115
S7V *6*4
1*6*4 1*7
HS 58%
2
»»
74
110V*
NA5IK OF STOCK.
N. ont. u nwun.
National Lead
Nortbarn I'avlflc
S .w York c-ntral. . .
orfoik A WMUto. .
I'.nneylvanla
I'wpla’a Ut>
Fraaawl Hta.1 Car. . .
fla. prafarntl. . . •
I'adfle Mali.
It.habile
Bock I .land
do. prafamd. . . •
Caltad States llubbat •
da profarrad. . . •
Southern l'aclflo. . . •
baath.rn Hallway. . •
da preferred. . . .
T.ob. Coal a Iron. . .
T.xaa A I'adfle
Union Pacific
United State. Steal. .
da preferred. . . .
Vi.Car. Chemical. . .
do. preferred. . . .
Western Union
Wabash
da preferrsd. . . .
Wisconsin Central. . .
da preferred. . . .
b £
a
LIVERPOOL.
The following Bgnrca’ gtre the openlnf
range and cloac. compared with yesterday:
Futures opened easy.
Openlnf Previous
Range. S p. to. Cloee. Close.
Dec 8.45 .6.47 5.«6 8.4114 8.70
llec.-Jail... 6.4.1 -5.41*4-8.40 6.16 5.6*
Jan.-Feb... 5.40 -5.S) 8.67*4 6.66 5.61
Feb.-Mtr.. 5.39 -6.68 .... 8.H 8.61
Mar. April. 6.40 -5.St*4 6.6? R.K 5.61
Aprll-May.. 5.40 8.39*4 5.J5 5.63
May-June.. 5.43 tt.4! 8.42 5.36*4 5.6454
Jnne-Jtily.. 5.44*4-5.44 5.43 5.16 5.66
July-Aug... 5.45 -6.44*4 6.44 6.39 6.67
Ang.-Hept. 5.36 J>,36 6.17*4 6.33*4 5,60
Cloecd steady.
NEW ORLEANS.
The following la the range la cotton fn-
tore* la New Orleana today:
Dec
Jan.
Feb
March. . . .
April. . . .
Nay
June.
ily 10.13
L’loaed' ateady.
2 I’ll
tb.aplitLia
I i!
^93 9.92-93]
9.92 9.91-92* 9.91-92
r».7» 9.9394 9.92
9.98 9.97-98 9.98-971
10,02-0310.01-03
10.10(10.09.10'10.08-091
110.14*13110.13-151
19.16110.104$ VUO-St
NOTES ON GRAIN.
Pointers on Provisions.
Offering* nf provisions arc small a ml
•mo local effort to buy caused, the market
reni't quickly. Mien of yenteninf
verlng today. ‘
The northwestern market shoivx
tin* decline ours does.
The Ghb'ngo Evening Post: Government
report of tin* winter wheat sown this fall
gave tin* condition at 91.1. which coincides
exactly with the figures of condition given
<rrc*|Hindlhg time lust year, but
I ii (*
this
bout 320.000
own suggested to the
000,000 bushels more
in the
nbiflstJchiu About « t wv,wu
wheat as being Indicated, or a total of
about 507,000.000 bushels. After all. the
general conclusion appeared to 1h* that
there was little use In making estimates
now of the probable result next harvest.
As one broker who mad® no estimate said
of those who did: "They nre like the man
whose wife has Just presented him with a
lu.|Miumt l*»y, calculating from the weight
niul healthy look of the newcomer that lie
will live to be eighty years of Age."
G4i\ernmi*nt niiiiouiiccs that Its tlual esti
mates of the total acreage, production mid
farm values of the prtiiclpnt crops for 1906 (|li ftAft nn ,»
will be made December A
World's wheat shipments: n
OPENED HEAVY
Mure Liberal Offerings From
West and Southwest
.Main Factors.
vlous
I at st
American.
Utisslmi
Dunnhltin
Indio
Argentina
Australian
Austria-Hungary.,
fTille-H, Africa....
shlpiue
List
Week.
■4.696 I (NS> 4.K24.ISS) 4,raW,(M>0
12.240.000 2,338,000 3,ll00 t «00
i— Hg ,216,000 2,104.001)
4.VHJSM 732,<*m
416.0OO 1.2P».ooo
4HH.00O 240.000
240.IVKI 32,000
2OS.0M0 16,000
4,792.01
Mrt.OVt
176,000
so.twm
90,000
304.000
The following table ahowa receipta at th#
Interior towns tmlay, compared with tbs
•am® day last year:
Houston.
Augusta. ,
Memphis.
Totals 12,978,000 10,416,000 12.752.000
Livi*r|NN>I^T«>lAl world's shipments of
bri*Hdstiiffs during last week 12,974,000 bush-
' i. agiilusa 10,418.000 bushels the previous
•ck mid 12.754,000. bushel# • a year ago.
kpimiflty nf t»readsfwffs ahlti(H*<| for orders
Included In the aiMiv® 1,800 iiQu bushels, com-
■aired with 720.000 bushels the previous
.week mid 2.558,000 bustiels s. year ago. To-
K - ~llieat taken by continental countries the
week H, 132,000 bushels, against 4.184,000
|*1* the previous week nml 6,132,000 bush-
ids a „v#*ar ago. .
IlnHUiihall cables that according to a ca
ble from Mr. Heuvera, • hla Argentina
agent, the wheat harvesting Is progressing
■m*rnhfy. The corn In the .North Is not
roml*lng well, owlug to the dryness.
New York wires *»f corn ns follows:
'Conditions certainly weak Imre. Cash
market Is easier anil bids for shipment
■Bev than last week Till* la the cor-
t Index to export eoiiditb*n*."
. •». daughter »V »’•*. snbl: "We ink-
•mr Antwerp eorrest-opdents Saturday If
uiiey expected n material decrease In the
lltnsslau shipments the Iwlniu’e of this scs|
Chlcaffo. Dec. U.t—The wheat mar
ket closed with a ateady feeling, hut
at losses of 3-8(6P5-8c for the day. Corn
waa off 1-4(ft3-8c. Oata down l-4fl>
3-Hc. Provisions were* off a little.
Belling caused an early dip In wheat,
but there watt a better demand later.
Cash business here was reported at
88.000 bushels wheat, 25,000 corn nnd
lu0,000 bUMhcla oata.
The seaboard reported 10 loads wheat,
5 loads corn and ' Stf.OOo bushels of
oats.
Primary wheat receipts 702,000 bush,
els and corn 583,000 bushels, against
1.016,000 bushels, respect-
ear ago.
Clearances were 601,000 bushels
wheat, 90.000 bushels corn and 26,000
bushels oats.
CHICAGO GRAIN MARKEf
for today
Opeo.*
WHEAT-
Dec U%
May 79
July T8«i
CORN-
Pec 4?fe
Mny 44
July 44*i»
OATH-^
Dec
May ti’ii
July .SIS
Pork— .
Jail... 15.7a
May... 15.93
LARD-
Dec... S.tW
Jan... 8.57*#
BIDES- *
Jan... 8.35
May
High.
Zi*
2i4
33'
15.87^ 15.66
3.*Fi
:*•»%
33*.
THE WEATHER.
LOCAL F0RECA8T.
Ilsnta and Vicinity—Fill
rsdsy, with rising temper:
weather’conditione.
Th® tres of high pressor® has moved east
ward during the last 24 hoars, and has
'caused considerably colder weather over the
eastern half of the cotton licit and along
the Atlantic coast Into New England.
Ttfe tree of low pressure In th* northwest
Is causing higher temperatures at most
stations between the Mississippi and the
tricts. Little or no precipitation Is reported
east of the Rocky Mountains nnd clear
w'cather prevail! at most stations.
Minimum and Maximum Ttmp«raturas
and Rainfall.
Abilene
Amarillo
Asheville. . . . ,
Atlanta. . . . .
Augusta
Birmingham. . .
Bismarck. . . .
Boston
Buffalo
Charleston. . . .
Charlotte. . . .
Chicago. . . .
Cincinnati. . .
(’•irpus Christ).
Davenport. . .
Doilgw city. . .
El Paso. . . .
Fort Hmlfh. . .
Galveston
Havre
Jacksonville. . ;
Jupiter. ...
Kansas City. . .
Key Wear. . . .
Knoxville. . .
l.o# Angeles... .
8.80 Mobile. / . .
Montgomery. .
8.42V* I Nashville.
1 up)..
i follow*
,*4*4*t
$1.86.
$3 case! Hack grlta. H-pound bag*.]
lOysters, full weight. $1.75 esse; light
STOCKS REVIEWED
BY NEW YORK SUN
. A .Ijrht
weight. $1.10 case. I.vnii*>nit«*«l npplex 7\c
pound. Pepper. Ike. link * — ‘ *
3734H I 24833
PeppiT. Do linking powiii rV
ease. !b*d auIuwu. $5 eas**. Pink anliuon
$1.33 ease. Civoa. 39e; chtH-obitc 35c; anug.
1 pouml Jars, 48i*. Hoaat l*eef. $1.3>) case.
Cornet! !*eef, $1.30 cnee. Catsup, $1.89 esse.
Sirup: New Orleans, 33c gallon; corn 2H4*
10-is .
lekers, 6»ic jiouud; lemon 7*^c;*oys-
d, 6c; mix-
i Soda
GIBERT & CLAY'S
DAILY COTTON LETTER/**
. _ PC ..
ter 7c. Barrel camfy, |»er piuiiul,
ed. per pound. <V- Toinatoet, 2-pounil.
$1.90 case; 3 iMiund. $2.23. Navy tiesns. $2;
Lima I hr ns. 6‘fcc. Best uint.be*. p«*r gross.
•VM$»c per pound. Hnr-
z* ease. Potush, $3.23(t
Peanuts, 5 l r **, Roi>e. 4 i»ly cot
ton ISHc. Snap. $1.50^4 case.
New York, Dee. 12. -The Him says: "Al
though l» was a matter of general expc**-
taiiey Monday in the flnatnlal dlstrl<*f
tlint within Iweiity-four hours some addi
tional plan of treasury relief «*f the tnoticy
market would la* aniiouiieeil at Washing
ton. nml the st*M*k market bud m-cn strong
fin* Moxeral days past In this l*ellef. the
deflnlti* promulgation of terms of treasury
aid - resulted In n shnri* rise In the price
of stiN'k* yesterday. Towanl the close of
the day. owing to the active dealings In
stocks, higher rates were demanded. I.«»n-
nIuii**s. although it ons not until several
hours of the stock exchange seaalon hn«l
pasMMl that tin* *|U4)tntlons of the leading
CASH WHKAT-
No. - red 75^^76*4 ;* No. 3 do 73675: No.
2 Imr.l winter .4*6fl76V»; No. 3 do 72tf75.
PRIMARY MOVEMENT.
The following tigurea give the primary
tnovemeot of wheat and corn:
Wheat—Reeeipts today 702,000 bushela. last
week $50,000 bushels, sgainst 945,0(«» bushels,
Hhlpments-today 644.<w
796.000 *
8.*47*v I >>*; qrkgu.
’orn—Receipt* today SfikOOO bushels. last (Tartar *
..L 111 AiM I At it ih\i '*
New York.
Norfolk
North I'latte. .
Omaha
Palestine. . . .
Pittsburg. . .
Portland, Me. .
Portland. Ore. ,
HI. Ixniis. . . .
Bt. Paul. . . .
San Francisco.
Savannah. . . .
Hpokane. . . .
Tampa. ....
Private Wire to Glbert k Clay.
New York, Dec. It—MnrahaU, Hpatler k
Co.: "Most market opinion* Incline to the
Idea that the Immediate ftytnre of the
money market will continue to reatrlct
trading on the part of borrnwera of call
money, though rate* may not be aenaatlon-
fllly high.*'
It la expected here that an official
atatement will be given out today or
tomorrow at the latest to tyie effect*
that the negotiations which have been
In progress about nine months, looking
to the purchase of controlling Interest
In the Mexlcar Central by the .Mexi
can government, and the consolidation
of that company with the National
Railway of Mexico.
Dow-Jones' summary; Americana In Loii
don atock 'itfl above parity.
Great Xortbern Issues $69,006,000 new pre
ferred stock, with rights to stockholders at
par.
Popper stocks In laoutIon booming.
Light demand for stocks in the loan
crowd.
London aettleuient patting off aatltfae-
tory. nnd no anxiety on money situation felt
there.
Copper market still very strong, with
buying In considerable volume for March
and April.
Eleveu roads for first week of December
show an average gross Increase of 11.23 per
ceut.
Twelve Industrials advanced .31 per cent.
Twenty aetlve railroads advanced .96 per
cent.
New York Fiuauclal Bureau: t'oualQera-
ble Bt. Paul |§ for sale toward 190. toward
which level realising occura. but the stock
several polntt from the rioting.
Uulon Pacific alto seems In a position
to advdfece further than the high price of
yesterday. .
We continue to be bullJab ot Hteel.
According to Boeton advtree, Copper la
ready for a big rise.
Sugar ^meetx^ stock, still Around f 187
An a-
, Transit takes the 82
atock, a sharp rise Is likely.
Fnel see jus to us to be on the verge of
a good aurance.
Bull tips are noted on New York Central;
also Southern Pacific.
TALENT BELIEVES
THE CROP IS HEAVY
M I .W |
32 .On
44 i .an
44 ,IM
.| 54 | 7$ | .00
week 421.000 bushels, against 1,016.000 bush
els Inst year. Shipments today 257,000 bush
els, taut week 438.UOO bu»hel*. against 387.04)
bushels last year.
• I.ih.'.I 28 points l«
on tin* on
initUni •fcn<»t*^l further
of lioc* L , Hgft ' ' I
In Liver j
•wer thun I
H|M»t nil
.NEW YORK COFFEE.
York, D<
rks In*
i.arkc
.•no h.i
12.—The
t** buy after *u* li n ' F.
Hu*** was iloubtlcss | tt
eslstamt shot
A*
, . f 10-tjlo points,
price* reaching n new |,.w level
‘i'iimii n* n result *»f •ll**p|...liitiiu; *•
• European *«>|||iig order* nml local
There whs also hoiui* svlling- whb h
itp|K»*c4l t*» lie against r»urcita*«><a in
Brasil, nlthiMigli the purity between b***nl
mtracts ami the primary market | i
made In the lentil*
I much more cheerful
. ) ill tilliim’lat rentiluellt ill I
SSJleral week*, past, owing t
biiybiL
lout- .
use of th'
cut In
U|ubhv
largely
then*
U*tw
the
CHICAGO CAR LOTS.
Below It given receipta today and esti
mated receipts for tomorrow;
Today. Totnor.
Wheat 35 42
Tliomasvllle. .
Vicksburg. . .
Washington..
Ilcatea trace of ralu or snow.
J. D. MAKUL'BY.
Section Director.
THE WEATHER FORECAST.
LIVERPOOL GRAIN MARKET.
Wheat—Opened lower: at 1:30 p. ui.
uurhangeil to lower; <-b>Se4 »« lower.
Corn Opened 'i lower: at.l:*) p. in., iiq
changed: closed unchanged to higher.
Georgia—Fair Wednesday; warmer In the
northwest portion; Thursday fair and warm
er: variable winds be4*omlug southeast ami
; light to fresh.
Ijoulslana. Western Florida. Alabama and
MlMlsalppI—Fair Wednesday and Thursday;
warmer, variable winds, hecotnln'g southeast
and light to fresh.
Tennessee and Kentucky—Fair and slight
ly warmer Wednesday and Thursday.
New York. Dec. 12.—The Bun says: "The
crop estimate put forth by the government
of 12,640.600 bales exclusive of (Inter* was
a telling blow to the market for the reason
that very many will.be Inclined to add a
million bale* or more to the eetlmate, ho.'
llevlng that the government figures nro
that much too low. A year ago It esti
mated the crop at 10,167.818 bales and It
turned out to be 21,345,98$, or close to
1.209.009 bales more than the December es
timate. As already Intimated, most people
will consider the estimate Issued yesterday
ns altogether too low. Its figures of 12,646,-
000 are construed by tnsuv as meaning In
reality 13.000,000 to 13.600,Oft) bales. It may
l>e that better methods have been pursued
this year and that the figures as given out
yesterday are substantially correct, ns they
were In 1903 nnd as they caiue very near
being in 1902. The difficulty la to know
whether this Is so or not. In the meantime
there Is the bearish construction put upon
It almost everywhere. And It may have
fin' effect ot cutting down the demand
from spinner* very materially. If they be
come convinced that there is to be
month or two have been heavy. Koine
make the critielsii), however, that the unit
adopteil by the bureuti, that of HOO-pound
bale* gross, is absurd. Mr. Hester having
polnteil out that the weight of the bales
this year is a iitfie over 520 pound* gross.
Home take the grouud therefore that
figures In the estimate really point to only
a little over 12.009.009 bale# and are therefore
bullish. It Is a fnet that Interior stocks. In
spite of the recent enormoua crop move
ment, have gained but slowly: nt tne same
time, however, the mills' stock must have
lawn gaining rapidly."
New Orleans, Dec. 12.—The agricultural
bureau's crop estimate of 12,646>K) bales
of 600 pound* gross weight convinced the
talent that the world nt large would now
believe production would easily equal spin
ner*' requirements, and when the smoke of
w , _ r several
serlou# technical arguments, but the public
knows very little of such things and senti
ment will for the time being at least follow
in the wake of least resistance. The Inte
rior. however, will not likely accept the
dictum of the rings without protest. For
weeks past the average owner of splnable
cotton has repeatedly been urged to sell his
bale# practically on his own terms and the
suddenly changed aspect of affairs market-
wise will api>eal to him In every different
light from that in which'It appeals to the
speculator. On the other hand, were there
uo world's financial cotuplh*nUou* to be
considered. chen|H>r raw cotton should aug
ment demand to a material degree, on gen
eral principles friend* of the staple are dis
appointed. Rut last annlyal* price control
must ngsln revert to the character of the
supply and demand relationship, unless the
Interior Is to abandon the splendid advan
tage It has won In the recent past. At the
moment actual 4*otton merchants cannot
bring themselves to l»el(eve Hu* i-oiion-
growing states nre In nuy danger of falling
Into ohl-tlme bad habits again. L!verp«tol
Is down sIhuii 29 points, ronseniiently
the 4*ables will lw» wntehed carefully this
morning.—Glliert A t'lsy.
STOCKS OPENED
' GENERALLY HIGHER
Specialists Say the Public
Had All Stocks Could
Easily Take.
SOME STOCKS STRONG
Arbitrage Brokers Said Lon-
don Bought About 20,-
000 Shares.
CALL MONEY.
Opeucd 9 per cent; high 15 per eeur i„»
Sfi per cent; last loan 15 per cent.
New* York. Dec. 12.—The proflt.t»u.i*
which yesterday had l*en partiaflv
ceal*d by the strength of selected '«t„,
stood forth more conspic uously in i.h| H \ ,
market. To some extent the desire i<> l. :
was based on the absence of the exi«*«M. i
relaxation In money rates and upon th*
continued heavy outgo of cash through th-
sub-treasury. Hlnce Friday the bank* Im-h
now lost on this account upward of $t j > ■.
009, a sum approaching the entire nmoimt
which they look to secure at the |. M ,j , *
the week from the anticipation of K „ ri <. n ,.
ment Interest. Call money continued t,
hold during the morning at 9 per cent and
above, while the stringency In the tin,.*
loan department waa aa pronounced m
ever. A few stocks held up verv firm in
the midst of the general heaviness, auuuiw*
them Ht. !*nul, Atchison, LouIsyJjj,.
Nashville sml Copper being espeelallr not*,
hie. . On the snnouncement of the n.-w
subscription about to be offered to Great
Northern shareholders the stock f. r .*k-
Mharply. although this news was exp**< te |
to exert the opposite Influence. The rest
of the list moved with irregularity but
generally lost ground.
The stock market opened almost generally
higher. Anaconda. Great Northern i. ..
ferred nnd St. Paul up *§. Northern I'a.-iri -
l^r. Colorado Fuel- 86, Car Foundry. st< * i
preferred, and Pennsylvania «i* «»«1 South-
ern Pacific and Copper H. Atchison m i
Southern Railway unchang4*<l. iuir*{
states Steel common and Rending down '»
Price moveihsntt In the first hour were
Irregular. T1S» atari® of trading allowed
that n large Hibounaiof stock bought had
been sold out-In otuaf to realize tlio nun*-
rial profits mode vnfl| thA last fi*w iim*.
Specialists In stocktr>a|iKl the ntihib- had
been given atmut fill ttte stork It *miM
easily take, find that any outside demand
around established prices wonld be steadily
•applied. There are several, atronr »i*>u
In the market, however, Including Northern
Pacific. Colorado Fuel find \ Atenlson. Ar
bitrage brokers said taondon bought aiHiut
20,000 Shore* on batsaefi. - 1 .
Governments iinchangod; railroad 1e>n<ia
GIBERT & CLAY'S DAILY
STOCK LETTER
- F ■
...w York. Dsc. 1J.— 1 The market gute
further reflection today of conaidsratloti of
high money rates .Ifi reduced support rx.d
evidence of realising and»>perhaps, fililrlhu-
tlon. Rather deeblid presaurn on Readitu;
ami the Hill stocks attracted attenthdi.
waa restricted and
sag, without, however, a display of wenv
ness. The foreign news was not dlatluct
ly good; ttroug money rate* being qtiohj
In London with heavy withdrawals fnj
the Bank of England for South Anierh-id
shipment and *4»me talk of gold futfujj
metits for New York. Meantime, fhc »b»4|
market has accepted today's soiling in
sure aud adverse Influences in a very *at-
Isfaetory way, and w* do not expe< t is-
dlslodgment ot long stocks to become
rlous.
MINING STOCKS, '
LONDON 8T0CK MARKET.
THE METAL MARKET.
12.—Tin
it *»e higher In the
and " * * “
«*ad, spelter and
an slightly
_her In the
nearby deliver-
»Pl»er unchanged.
stocks-
Amalgamated Copper
Anaconda
Atchison
Baltimore and Ohio
Canadian Pacific
do, preferred
Great Western
llllnoln Central
Kansas and Texas
do, preferred
Louisville and Nashville
Mexican Central ..............
New York Central
Norfolk and western
Northern l’aclflo
Ontario and Western
Pennsylvania
Philadelphia and Reading ....
Rock Islsnil
Southern Pacific
Southern Railway
do, preferred
Ht. Paul
Fill tod State* Hteel
do, preiVrre4l
Wabash
do. preferred
Union Pacific
1U6H 106L l'H-i
im*
1197*4 w*
Il39' 4 :i:» is*
NORTHWEST CARS.
SOUTHERN EXCHANGE
Oldeat E.Ubll.hed Offlr* South
COTTOI—STOWS—rBOHOS—
Ground Floor Oould Building. r»a»**>*
market istter and market manun*
mailed on application. ..
(MltMNlidlng
IIIHMI 4
•ling •'
tntlve cstlmutt* nf !.'.&4*>.Qfl» tmles
pri*sent grow Hi. there ur*- ninny who main
tain, aiul with nunc Juatlcc hi-**, that foi
n while to come present level* »rt* nb«»m
Juatlfied. ami their opinion**
flu* ii»**hI of cotton »«» sup.
c.mtr«.*t». Th.* ability ..f bold,
ttnim their policy of piece nie.il dUfribufbm j
\h not M>rl*»«ialy dlnputed. trad 4>C4‘UNltni tin- !
Iwdlef that the pro'-es* may t»o long drawn ;
out. Eventually, however, the exUten.’e of
s conabb*rnbb* nnioiinr of low cotton, and i
the preiu'tit crop la said to •-•mtnln « very
large tHT4*entnge of such grade*, will tin
, I * • i i I • t • 1 lv reflect materially In *h* .i|Miie*
contntctu i*r i-Ine the nttractlons to Hr
Ksstern market .d cotitm of iimleidrrthl,
• hnrn.-ter may. at bast, csom* a fnrtlu* .. _ . .
f price* lM*tw*'cu that market j Septeml*-
believe*! to Ih* decldeilly
iignfnst such •>perutf4'n« nt the present Him*.
Receipt* wen* a shade lighter tlmn those
' ** * - - * Mtlll eotllpured
'* figure*. Tlte
liearUhl.v with last ;
Jun.lluliy rep*»rti*4l
Sao I'aiib*
agnlii«t 17. -
Ipts for Hie
against 22.719 Inst
hate been grudunM.v
n.-eotiut* again t*» the
the ln*t hour of bnslne
ket I vegan to I*.* nff**cteil by the
specula tlo
«-ent. Th
the
fide mid)
I heir
THE LIVE STOCK MARKET.
ebruary
lait^c
: April
t.45 6.50 | heat y $3.73/ u 6.2); r*
»..*•■) 6.6‘I *18.10: yoikei-s
. 6*1 €.63 I heat > P'». 1‘ -<|6
5.70 6’ rattle tte.-ef|i
1 logv Estimated re. i
1 5©l5.- lew.-r: bulk Stite 1
$3.96*46.20.- Ilybf
LOWRY NATIONAL BANK
Designated Depository of the United States.
$500,000.00
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, New York City.
F. W. LAFRENTZ, C. P. A., President.
C. E. Manwaring, Vie. Pr.iid.nt, Thao. Coeh.u, Jr., C. P. A., 8»c. and Trttt.
BRANCHES
ATLANTA—Fourth Nat l Hft" 1 '
CHICAGO—Marquette HulDltnc
NEW YORK—Waldorf-A.torla.
BOSTON—Exchange Building.
WASHINGTON—Colorado Building.
NEW ORLEANS— ffennen Budding.
CHIL A DKI.r :i IA—B,1 levU, - rft' ( 1 ’
SAN FRANCISCO—Belden Bulhllm
LONDON. ENGLAND—4 Kina Street, Chearslde.
ATLANTA BRANCH 1015-11 Fourth National Bank Building.
C. B. BIDWELL, Resident Manager.
Talaphona, Main 872. Cablt Addra.., Amdit. N. V.
wldi . ....
{RMBHrSpboiHI
cstbvti* p*dnt t * * tin* Influent
•JcilIHlid (••‘lug kllfflclcllt to '
literal inorcti.citl nt market,
Anguivi
plt-BUl, iii.il j Octivb.
* ..f a la
.. ««>. Mnrkct atcmly to (
♦mc* $3.9>vfi7.4o; cow* $1.23<t i
4.*r*: heifers $2.»M13; |
‘nprlnn* *ttH*r* $3.4.V<i i
•.Hum $3.990f>.4»; st.K*k.*i
SU*-**| l\!pildl.*,l
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
dpt* Im
the* ns*f#6. W.-*.
t $5.01816.3): I .units
Frank Hawklna. President.
. P. Tuugia C, __
, C'tll.ler. R. \V. lyera. Asst. Cashier.
Third National Bank
COTTON SEED OIL.
b
Empire Buildin**.
ATLANTA.
Bell Phone, Main 85$.
fJF.ORGIA.
.•?*!« XUH;* f j
Capital
Surplus
Dr. A. W. ClIboM.
MDfett Dawn.
John \V. Grant.
Saaga—mbm—e—n
. . $200,000.00.
. . $300,000.00.
DIRECTORS: j. h. NunaMI,.
J. t'arroil $ , ayue.
R. It. Roieer.
1 *a\ 11 Woodward.
Frank Hawklna.
II $L Aiklix-m
A MeO.*i
WM. L. PEE*.. I'retMent.
ROBERT F. MADDOX. Vlre Pretliteat
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 compoundefEsonv-
| annually in our Savings Department.