Newspaper Page Text
fHE ATLANTA GEORGIAN,
ft’ESI)AY, DECEMBER 18, 1906.
lo
COTTON TENDED
TO LOWER LEVEL
Sentiment Is Still Bearish
0J} the Continued Heavy
Movement.
business very dull
Ginners’ Report, Due Thurs
day, Was an Influence
for Lower Prices.
Tort, Dte. 18.—The cotton market,
iltboneb opening about aa expected on cn-
82turned weaker on selling of-March,
.miKisc't to be for the account of bearish
Iri^bo'ises. Support was mainly f
loom shorts. Business was not acttre.
There are no new developments to cbron-
w. In tbe cotton market. Sentiment con
tinues bearish nnd the tendency of prices
S toward a lower level. The heavy move
ment I* '< depressing factor In 'that It
ion firms the government's estimate of the
SJo fnless signs of a falling off In re-
Jelots appear In the near future, the bears
hate s decided advantage. It Is well known
iher never allow an Influence ndrereo to
trim to pa" without due notice.
s The bulla hove no argument, 01
■n enormous demand for manufactured
rMds but for the moment this argument
f. offset by the apparent willingness of the
holders of eotton to occepf present prices
for the crop. A decreasing movement would
work wonders In shtplhg tbs course of
priesi In the_lmnjedlsts future.
IJtei
points
tins In the Immediate future.
Liverpool Tuesday morning opened 2@8
joints higher for futures. But later lost
tractfcally . sll, ths Improvement, closing
itssdy I point np to 1 point lower.
Following is ths range In the active
Booths In Liverpool today: _
Open. Hlsh. * —
S.tt 6.I7H
Booths
December
few;
8.S4
Jsnnsry Fehruary 8.S7 B.37 B.M
E***’ 0 - 4 :::::S:8 5:8 5:8
Miy-Jane
In the spot department, middling wu
reduced 5 points to 6.19d. Sales 8,000 bsles.
New York opened about ss due—1 point
lower to 1 point higher, and slowly declined
during tbe morning session, the ginners*
report on Thursday, followed by the Christ*
mai holidays, being against prices.
“Thera nre rumors of n Price pool ba
in* heavily committed on the short «* *
who are trading on the theory that the »—
ket ia overloaded on the long side, which
ia a decided fnllaoy. and don't think they
will to over the ginners* report on Thurs
day with the full lino out, whlth will ne-
Commeroinl of Mond
that it does not state
though unintentional. „
named are slightly behind lost year, the
Increase being the result of Incorrect re
ports from Atlanta last year. Tbe Com
mercial saya:
“There tins been «a .great deal of talk
about tbe short crop In. Georgia, hot At
lanta and Augusta, the two leading Interior
towns of that state, received from Noptein*
1>er 1 to December 15, 854,864 bales of cot
ton. na compared with 818,942 bales re
ceived during the same time last year.”
The following table gives correct figures
of receipts from September to December
15, inclusive, compared with ths asms time
Inst year:
1908. 1906. Dec.
Augusta 968,688 282,718 24.080
Atlanta ICO,CM 209,666 9,699
A decrease of 88,629 bales Is shown, In
tend of nn Increase of 40,411
The Now York market closed steady, 761
14 points net lower.
Comparative receipts at all V. S. ports:
.Vet receipts today 66.817
Same day last year 67,066
Increase 9,761
Total receipts for three days.......... 196,427
Same days last year —
Increase
Total receipts since Sept, 1..
NEWS AND GOSSIP
of the Fleecy Staple.
Same time last year
Increase
Estlamted tomorrow:
Kr
.... 60,188
...6.889.867
...4,746,696
... 648,161
f Orlsans..r 18,000 to 15,000
jvaiveston 19,0001011,000
Houston 18,000 to 12,000
Movement at Atlanta:
Receipt! today
Same day last jogr
Increase
Shipments today
1906.
7,999
10.168
10,636
8awe day last year!,
Inereaie
Stock on hand today,..,,..,
Bame day last ystr..
Increane
Private Wire to Olbert k Clay.
New York, Dec. 18.—Liverpool nt 12:30 2&
8 higher. Was expected S higher. On this
basis, we should, upeu uncuaiigeu io 2
lower.
v The Journal of Commerce: “The princi
pal announcement of the figy wot an ad
vance In bleached goods, followed Imme
diately by placing the goods again at value.
The discussion of price levels wot very
the market, and It was pointed out that
yesterday a levels do not represent as sharp
an advance from tho lowest point ss the
advance In cotton, labor and other ele-
In the cost of. production.*’
The New York Commercial: The cen
sus report on the amount of cottou ginned
to December 14 Is due December 20. Last
year the report was 9 382.000. and tbe mar-
ket took It ns bearish, breaking 25 points
on Its reading.
Japan has taken 67,477 bales so fur this
aefloou, ns compared with 21,761 bales dur-
lng the same time last year.
Qnlvt'Bton’B receipts for the season will
ones the 2,000.000 mark today. Up to today
they are 1,997.369 bales. v J
Savannah got a very bad start this rraaon.
but Its total receipts soon will have taught
u ^ t ?r Ul . , , t ye«r’a figures.
J* J{* l Iaa <lley thinks better, of cotton aa a
speculation than he used to.
A prominent Galveston spot man writes:
I am more positive than ever that Texas
has made considerably more than 4,000,000
bales. Every bale wfll be sdld at a good
price, and when it cornea to planting for the
new crop this state Is going to put in an
acreage that will nstoiAsb the world. 1
would not advise any Texas roan to curtail,
hut I would advise cotton ralaora who have
to^use^ertMxera to tell out and come to
A Jackson, Miss., special says: “The
cotton market here, as no doubt everywhere
else, has beeu badly depressed the past day
or two, or alnce the government report of
more than 12,000,000 bales, and very little
baa been offered on tbe local market. Re
ceipts In the Jackson territory have beeu
no greater thun Inst year, It Is sold, but
that Is, perhaps, due to the fact that the
farmers have been holding on Just os long
as possible, determined not to sell till they
had to do so. Fortunately for the stato,
there nre thousands of farmers who nre
able to carry* one or more cotton crops, if
they desire to do so, and Instnuces have
been known where they held for that
length of time. Because of the burning of
tbe compress last season, statistics as to
tbe number of bales marketed here last
year and this nre hard to get at. but cot
ton men declare tbe offerings this year
have been about the name* as last.**
The stock of American cotton !u Liverpool
Increased 44.000 bales last week.
New Orleans, Dec. 18.—Liverpool nt 2V.
Is a shade disappointing, was due
New Yorkv wires: “Bank of Germany
rate 7 ner cent; feared Bank of EuglauU
will follow.*’
Snots are salt* to 1>3 owlet and steody,
with quotations unchanged.
ANOTHER REPORT
SOON TO COME
New York, Dec. 18.—The Sun says: Large
receipts nnd liquidation on the eve of the
ginners* report, the holidays nnd the Jnu
unry notices counted for the moment rather
more than the big consumptive demand,
the glowing reports in regard to the dry
goods trade and everything else that a
bull bolds to ho of fundamental Importance
short side, while tightness of money cer
tainly militates more or less against, hull
speculation la that quarter. New Orleans,
on tho other hand, bought to a certain ex
tent and there was more or leaa local cover
ing, while those In the room who adhere to
tha bull aide bought on a moderate seals
after the Liverpool market closed. On
Thursday comes one of those statistics! dis
turbances, the census bureau ginners* re*
.port, which Is apt to be more of n com
plete nuisance tbafi a complete exhibit of
what tho figures purport to give, namely,
the quautlty of cotton ginned for a given
period up to a certain date. The returns
nre notoriously Incomplete and. were they
complete, the difficulty of determining Jnst
what proportion of the crop the total
amount -ginned represents naturally de
tracts seriously from their valne.
New Orleans. Dee. 18.—The Tltnes-Demo-
ernt says: Firm spot markets bars again
taken the starch out of f*
nnd l>earlsh activity hn
consequential proportions. Actual cotton
shorts with foreign commitments to fill
have raised their offers to 140 poluts
New Orlenus, January options for I>ec_„
her delivery of Liverpool fully good mid-
1,900
15,680
9,221
6,469
8POT COTTON MARKET.
uft.T4 SL%r*"' * >m **
Atlanta, steady: middling 10c.
New lork, steady; middling 10.48c.
CIBERT 4. CLAY’S
DAILY COTTON LETTER
Orlmn.. Dee. Id-Options In hirer-
r”‘ * fr > »«»ln Influenced By the com-
wntlr* Indifference manifested In the epot
ffi.f-.“if* Amounting to only *,000
SSL*,' • imlnt* lower quotation.. Final
.r S 1 'A* optlon I'** were 1 point blffb-
. the Prrvlone dar’a clow. The
hoiw.i "U'Ti" ”> h " r ” Imbibed eome-of the
JfjJ! T" ment which the near approach
compel*. Certainly
, on Intccct of nny nerma-
m ;rlt*t hold*, nnd tfie fre-
Jn V|„„ ' ',‘ rln * * n, l re-entry of e few scalp-
etan.2:^, JI. re »Pon»H»Ie for the alight price
•« tki. .U °‘' C V- Speculation all thro"”’-
ib.n'fr, " rn,nl1 h«« Been leai of « f»
. »■». But thle con-
ml hr, >n«ch from t gen-
th» ,n .?* '“toreet a. from tbe etrlnfeucy
center. h»Tc experienced
Cr-S world Became aeiurcd of
0 »”r eeoeon-e crop*.
h!;,,;,'he Bank of Oermany, oetenit-
nkd u * ore'lnhle reeourcee, he.
nnd.li,Intereet to 7 per cent,
»hU ,h ,U:Lf, h ' ! ““."h Enaland follow,
trie. V" JJJII within the pale of poulbll-
I-Cfmc r'!’ of dnendel etrete would
St,'ttotar drawn, end mllllote
knw directly egalnet enpport nece.-
- crente Improvement. In vtlnoe.
TODAY’S PORT RECEIPTS.
l6t?H 0 ! 0l |°* ln * t.hle .how. receipt* at the
— i.r u„*y2SF* co “ par « 1 ‘be
ig, a lower gi
unry delivery. Under the clrcumstnnccs the
big movement may Impel men at their |»erll
to sell cotton they cannot buy except at
costly presniums. Should Thursday's glti-
ners’ report show more than ll.OOO.OO) bale*
ginned to Decemb«*r 1. some effort will prob
ably be made to farther depress values, but
tbe wise man has already learned by ex
perience that ginners* figures nnd big crop
estimates do not till pressing commitment*.
DRY GOODS TRADE
CONTINUES STRONG
New York Commercial.
Ia the cotton goods trade business con
tinues strong on practically nil lines of do
mestics and on certain of the medium
weight sheetings In brown and blenched
states, generous orders are being put
through for February and March delivery
for borne consumption, tbe large buyers rep
resenting Western bag manufacturers and
the other cuttlng-np Interests of the middle
states and Southwest being the most active
buyers. Forward buying on print cloths,
while reported steady, shows none of the
snap that was exhibited In the early days
of the month. This la because of the ad
vance to n 4 cent valuation on regulars and
the holding of all wkle goods on n basis of
6T4 cents for wide standards. In the deliv
ery of heavy eottons, especially drills,
ducks and tickings, the manufacturing I
terests throughout the country are gettii
more prompt shipments of goods under i.
Uer than ws» the case during October and
November. In some Instances In the New
England mills nu Increase In the number
of operatives has been made possible and
this has helped to Increase the output of
the looms. Prices at the close of ths week
on yarns remain firm, with n tendency to
atltfen on the counts above 20s. Mnnr yarn
spinners are turning down forward con
tracts where the valuations they put oti
yarns arc not nrgeed to by buyers and
where even the slightest concession Is re
quested. They prefer to tell alomg nt their
own prices and let future business take —
°Vlie°cotton goods market closed 8atu
with the price levsla on staples and high
count cloths standing nt an adrntice of
from I to 2 per cent over n week ago.
— sheetings, drills.
1907 MARKET PAGE
—will be even better than we have
f
given heretofore.
The Georgian has four member
ships in the new Chamber of Com
merce Market Exchange, and our
own wire direct from New York,
and will continue to make its mar
ket page the best we can produce.
Remember—Mr. Lively, our market
editor, has had over a quarter of a
century experience at his business.
His markets are reliable.
TIPS FLASHED
From Wall Street.
Edited by
Joseph B. Lively
ARKETS
Mr. Llvaly'a twenty-flv#
years* experience of ed
iting markets In Atlanta
and the South baa made
him a recognised au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF 8TOCK.
Amalgamated Coppei
Atlantic Coaat Lime-
American Sugar Htf. • - *
Anaconda • • • •
American LocomotlT*. * *
do. preferred. • # - » .
Am. Hmvltrag Uef
do. preferred* . • * * .
Atchison. * .
do. preferred. * • . . .
American Cot*ou OIL ...
Am. Cor Foundry
Baltimore A uhio. ....
Chesapeake A Ohio. .
Colorado Fnel A lro».
Central Leather
do. preferred. . . .
Chicago * Great W. .
Chicago. M. A Ht. P. .
Delaware A Hudeoo. .
Distiller's Securities. ..
Brie.
NAME OF STOCK.
S. Uei. * Western.
National Lead
Northern Pacific. . • •
New York Central. . .
Norfolk a Western. .
Pennsylvania
People's Gas
Pressed Steel Car. • • .
do. preferred. , • .
Patlfic Mall.
Heading
Republic Steel
Rock Island. ......
dp. preferred. . . . ,
United State.) Uubbei. .
do. preferred
Boat hern Pacific, , , .
Southern Railway. ,
do. preferred. . , .
SIOM-Bheffleld. « . • .
Tenn. Coal,* Iron. . .
Texas A X'scllc. , • • .
Vs.-Car. Chemical. •
do. preferred. . «
Western Union. . . . .
Wnbnah. . . .......
do. preferred. . . ,
Wisconsin Central. • .
do. preferred. • • ,
don firm, with the cxceptlhn of 8t. Paul,
and generally *4 to Vi below parity. .
Berlin t»ank rate advanced to 7 per cent.
St. l’nnl will lasuo 899.480,831 new stock,
two-third* of preferred and one-third corn-
mod,' payable tu six Installments up to
March 1. 1109. .
Some demand for stock* In the loan
crowd, particularly St. Paul and New York
Central, i am
Presh
hie message on Panama canal.
Cnnadlun Paddc earnings for the week
ended December 14 show decrease of 856,000.
Twelve Industrial* declined .96 per cent.
Twenty active railroads declined 1.42 per
cent.
New York Flnsnctal Bureau: Give close
attention to support limits, using small
stop below In buying near them ns safe
guard, If desired.
Specialist reports lndlcste strong Amnlgs-
mated support near 111
Tbe news being out, realising may occur
In tit. Paul, which has no good support In
^Standing's pool reduced their buying <
ders from 146 to 144 yesterday, sata a s|
olallst.
Knudtlng’s support Is now 150.
Atchison Is held at 103 and then par.
Brooklyn Rapid Transit Is supported near
79 aow. with trend up.
Brie Is supported near 44 and Rock Island
90 nnd thou 28.
Louisville ann Nashville, will meet good
buying near 145.
New York Central support Is now around
128 and 130.
Pennsylvania Is supported Just above 137.
Kouthern Pacific Is held around 99, then 90.
Union Pacific wilt meet buying orders
Just above the 18S level.
Hteel is held at 47, then 46. If the Support
limit Is overwhelmed or withdrawn tem
porarily prices will sag for a time.
THE WEATHER.
LOCAL FORECAST.
and Wednesday; colder toufi
weathefTconditions*
Tbe area of low pressure that was cen
tered over east Tennessee lias moved south
east, decreasing In energy, and la now mov
ing off the coast of South Carolina. The
northwestern area of high pressure
moved south and la now centered over
Kansas and eastern Nebraska. Its advance
has canned a general fall In temperature
at moat stations east of the Rockies except
In the extreme southeast, where Its Influ
ence Is not yet felt. At Atlanta a fall of 24
•i-crees occurred.
Cloudy weather prevails In the gulf nnd
The ndvnu<*e of the high barometric area
front the northwest will cause fair weather
In this section tonight aud , Wednesday;
colder tonight. » * * • ~-
Minimum and Maximum Tsmpsratursa
and Rainfall. ,
Observations taken at 8 a. as., 75th mstl-
Total stock sates today l.fa.70d shares.
NEW YORK.
TB* followin' !t tBo range Id cottoa fn-
Too following to tbo.nni
tore. In Sew York .orioy:
I’loM-d otoadr.
NOTES on grain.
Pointers on Provisions.
LIVERPOOL.
The following gives the opening range
and close, compared with yesterday.
Futures opened steady.
Opening Prarloua
Rang*. 2 0. m. Close. Close.
April-.^ny .... 6.89J4 6Jttfc
May-June ....6.44 4.42% 5.43% 5.41% 5.41
June-July 5.45 -6.44 5.44 6.42% 6.42%
Jtily-Aug 6.46 5.46 6.«% f-4I%
Aug.-Hept. .5.9)% 5.40% 8.28% 6.38%
Ck
steady.
NEW ORLEANS.
The following Is the range In cotton fu
tores in New Orleans today:
Closed steady
LITTLE DOING
IN WHEAT MARKET
Lower Cables Were Offset
by Early News of a
Bullish Average.
INTERIOR RECEIPTS.
The following table show* receipts at the
Interior towns today, compared with tbe
me day last year:
1536
Towns.
Ilonston.
Augusta.
Memphis
gt. Louis
Cincinnati.
*KM
nn
an
—m—
TstsS -
I'rlvMf* Wlro to Olbort A'Otijr.
l-hldiRo, r>«>. 18.—Providin' hl*h.r on
tho hither Bin.. The Burin* not rerr
•plrltwl. TBe Mllinff look* llki th» pack
er*. l'nckpr. trrtuff to keep tBe market
down *o na to effect Biff*.
CBIcaao llecord-IIcrnKl: Eaeb dnr of llaht
receipt* of Bog* nt wMtern packing center'
J tierce' tB« nerrou'noM of tbe prorl'lno
trade. More Bor> nre wanted. The expert'
nre pow keeping n cloae watch on tbe ftuel-
itr of tbe arrival* here. The/ »r*ue thitt
If Inn' nre Being held back for tbe purpose
of feeding them cheap com. a* would lie
:^\';K‘ Ur hJ:^riT„ff 1 L7e 0 wL , lX ,0 weU ->> <»» "“rtetx Tbero wa* *oo,l Bnylna
' b “' ' h ° ,[ ri Ji? g t h# 7c De, «7teei ta 1,11 ,h " I’ l “- T"" uf *»« mllwnr'
day the'Duality of tbe arrlraU la reported j hdl'x'
Cash sales here wore 86.009 lurahels of
wheat, 60,00) bushels corn aud 125,000 bushels
oat*. At tbe seaboard thirteen loads wheat
and three loads corn.
This week
Lust week
Cor. week last year...
'Blnce July 1
game period last year.
Argentine visible, with comparisons. Is:
This I*n»t .least
Week. Week. •Year.
Wheat, bushels.. 696.000 796,00) L104.000
Corn, bushels... l.ZiS.m 2,314.000 1,266,000
••The small top growth of winter wheat,
caused by late sealing, has Iwen partially
made up by plentiful moisture and moder
ate temperature. Crop condition In geueral
continue favorable,’* aaya tbe Modern Mil
ler.
67. Petersburg message oars tbe Rus
sian government boa Itought 6.009,090 bushels
of wheat In western Hlberla for asa of the
famine sufferers In Burupetn Russia.
Argentine shipments
Wheat
Bushels.
712.000
176,090
1.919.000
2.211.000
675.000
92, *M,000
83,905.000
— f -— we have
l»een told by the exporters that there la no
fnrclgu demand for wheat,** sold W. H.
Warren. ••Ylcanwhlle there ha* l»een desr-
e«l to date from tbe present crop
of about 90.O0Q bushels wheat nn
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 858.
ATLANTA. GEORGIA
been no report <
i the crop thus far.”
and 766.0w UHMirie hub, r«iH)WPi iriiu hi,-
000 bushels and 905,000 bushels respectively
a jresr ago.
* CHICAGO GRAIN MARKET
m
I
k
era* Aseoc
that 58 per cent of the markeutde oats has
left farmers* bands, tearing 42 per cent
still to Im* marketed. This Is understood to
lie In addition to the ordinary farm reserves
of-26 per cent carried over to another crop.
It wonld thus leave ilnat <7 per r*nt of
the oats yet In farmen' hand*. This Is In.
marked contrast to tbe claims made for the When
northern sectfrn of that state, and southern j Corn.
Mluursota as made 1a Thursday’* literature Onta.
ou the ■ntkjrct. llo^s.
for today
WHEAT-*"*’
Dec 73%
May 71%
Jn cfbiiN-
Dec 41%
May 48%
July 44
OATti-
Der 94%
76i.«
i au... 16.
Tsy... 14.:
LARD-
Jfe:::. m iS*
*■*
Jsn... 8.57% #.67% 8 5^4
or... 8.72% 8.7S 9.79
CASH WHEAT-
So. 2 red 75 nominal; No. 3 «io 1
Inal; No. 2 hard winter 74075%;
si; Ss si- Sh
'AM wSh 25:^ n
1:11*
8.52% geo
8.79 9.79
NEW YORK COFFEE MARKET.
New York, Dec. 18.—The market opened
steady at unrhauged prices to a decline of
6 points In response to rather disappoint
ing cables. Havre started put all right
at a partial advance of % franc, but de
clined before the hour of the local ofienlng,
wheu prices were unchanged to % franc
ministration. Oue cable was received stat
ing that the agreement twtwecn Itlo ami
Minas bad Im>cii signed at the conference
lietween the states of Rio, Sllnaa and timo
Paulo nnd tbe Federal government. The
market was about net nurbsnged in tbe
early afternoon, with trading nulet and
offerings very llght.-Glbert A. Clay.
Following ta the opening range and
close la the New York com market for
Opening
Range. Close.
^J?y IKS
S:Sil
6.904.96
6*004.06
164.11
6.164.29
6.3)4.26
6.264J9
6.364.«
U04J6
nominal; N
«!b 71074%.
CHICAGO CAR LOTS.
Below Is gtren receipts today soi est)-
iated receipt* for tomorrow:
Today. Togrtf,
March 6.89
April 1.86-6.96
May ISO
Jane <004.10
July 0.104.20
August 0.20490
iteptemlier 0.99
October 0.994.40
November 0.40
December 0.604.60
Closed firm.
COtTON SEED OIL.
Following were the opening and eleelng
prices on cotton seed oil today:
Opening. Closing,
December. ..*••* *
January. ......
February. . • • • • 1 .
March 97%$97% IP
::::::::: si
hales, 100 December at I
THE METAL MARKET.
New York, I>ec. 18.—At the metal ex
change today, further strength was shown
In Uopper, which advanced nil around.
Tin was weak and off %e In spot aud
nearby deliveries.
Lead and spelter unchanged.
THE LIVERPOOL QRA1N~~MARKET.
Wheat—Opened unchanged; at p. m.,
% lower: cK«“d % lower.
Corn—Opened nnebanged; at 1:99 p. m.,
um-(>ingc«! and closed trochanged.
Aldtcne.
Amaiillo. ......
Asheville. . . • . .
Atlanta.
Augusta
Hlriulngham
Illsmarck
Boston
Buffalo
Charleston
Charlotte. .....
Chicago
Cincinnati
Corpus Christ!. . . *
Davenport.
Dodge City
El Unso
Fort-Hroltb. -. , ,
Galveston. , , » , ,
Havre. . .
Ia>s Angelas
Macon. .......
Memphis ,
Meridian .
Norfolk. ... .
NorthTlntte. .
Omaha... . . .
I’aleatlne. . . .
ftewr.
Uortlnml, Ore. ,
Ht. Louis. . . .
Ht 1'nul. . . .
Han Francisco, .
Havanuah. . . *
Spokane. , . . .
Taj lor. . . /. .
Thomssvlllo.
SU
V«n:
Wilmington.
T Indicate* trace of rnlu or sno'
WERE WEAK EARLY
Adversely Affected by Liq
uidation of Speculative
Holdings of St. Paul.
DECLINED SIX POINTS
Other Leaders Pell From 1
to 3 Points—Strength
Shown in Pew- Stocks.
New York, Dec. 18.—The liquidation move
ment which set lu In yeeterdny’a market
continued with little show of resistance.
T^'o developments In the dny’s nltuatlon
Intensified the selling pressure. One was
the ndvnuce In tbe Gcruuiu bank rate to
7 per cent, the highest that the Insti
tution has ever charged, except In times
of panic. The other was a violent break
In 8t. Until shares, following the rais
ing of the Berlin discount. The foreign
security markets were quite upset. British
consols In particular fell % of a point
American shares In the early London deal
ings were weak with the rest but on sup-
r rt from this side rallied enough to make
fair showing of prices by the opening
of the dealings here.' Immediately nt tlio
atari of tha local trading, stocks began to
l>e pressed for sale, and, save for a mo
mentary diversion caused by the rapid up-
bidding of Baltimore and Ohio shares, the
market was steadily weak up to midday. 1
The persistent weakening of the high price ;
fluenced by the liquidation of speculative
of 8L Paul and uncertainty
' i the reduced
Ich rights have been
up. 8t. Paul lost 1
valuo of stocka on whlc
declared will lie made
nan treated by the hanging of alk lem
ma ou the 8t. Paul post ana offers to give
me of them to bnyers waa made when
ever large transactions occurred, Brooklm
Rapid Transit was one of the few stocks
MONEY AND EXCHANGE.
aeir York. Dec. 18.—Money on call 15622;
opened nt 15: loaned at IS; closed at 22:
time loans firm; 60 nnd 90 days and 6
mouths. 6 per cent.
Hterllng excbnnge. 84.79%64.84%, with ac-
tuul business In bankers* bills at $4.833Vtl>
4.8340 for demand and $4.836064.8366 for &
hit bills.
Commercall bits, 667 for 00 and 99 days.
Bar v silver, 69%c.
Mexican dollars, 68%c.
Government bonds, 2 r s advanced %; others
ready.
Railroad bond* firm.
MINING STOCKS.
Boston. Mass., Dec. 18.—Quincy 100; Te-
LONDON 8T0CK MARKET.
%
j. 11. MAiiiiimr.
hVetlon Director.
WEATHER F0RECA8T.
Louisiana nrol Mississippi—Fair Tuesday
and Wednesday; fresh northerly winds.
Kate Texas-Fair Tuesday and Wednes
day; warmer Wednesday; fresh northerly
winds.
West Texas—Fair Tuesday and Wednss-
^rkatiMa—Fair Tuesday and Wednesday;
warmer Wednesday,
Georgia—Fair and colder on Tuesday; to
morrow fair and colder on the coaat; fresh
northwest winds.
Western Florida and Alabama—Fair and
colder Tuesday; Wednesday fair; fresh
north winds.
Tennessee—Fair and continued cold to
day and tomorrow.
THE 8UOAR MARKET.
New York, Pec. 18.—Refined and raw
sugar markets steady nml nurbanged. Lon
don tieets steady.
STOCKA—
Amalgamated Copper
Auncondn
Atchison
Baltimore anil Ohio
Ufinadian Pacific
Chesapeake nml Ohio
Denver nnd Bio Grande ....
*pre*lferred WW
Great Western
Illinois Central
Kuuwm nnd Texas
evjllc nnd NashrlUe ...
Mexican Central
New York Central
Norfolk and Western
Ontario and Western ........
Pen nay Iranis
PliUuucIpbfu nnd Rending ...
Rook Island
t ^juiou* pacific •;!!.*.’!!!!!! \ |
Tnlteil Htntes Steel
ilo, preferred
Wabash
dot preferred
STOCKS REVIEWED
BY NEW YORK SUN
N<>w York, Dm. W.—TB« flan ■>>■: "Dl-
Tjrae and IrrmUr t.sd.ool,. pmallafl la
th, trmllnff In ttock' j 1 1 ,r. 1 r11 ny. .ad pro
dared a B..rr and uuMttlaU, If not exactly
* --'ik. *»«irlty market. The buyin* and
aclllug that west on waa of an area more
profession.! aort than It baa been recrntly,
and tbe dlotlnabnl imbllc Interest In tbe
mallei;; w» farther ibawn In a ranaldera-
lilr falling off la the rulume at tranaaetloiia.
Home ■elllnx of atocks appearrd to be occa-
oued la tb* early part of atock exchange
■“Ion by a farther rlolrat rise la the
prim of St foul, which led to runora
of a corner or of comristltlr* baylac In
tb. Block. It oiay be duubtrd If there wa*
any arrloaa belief In tbe flnaurlal district
that a corner or almllar contlnaency af.
frctlna Ht. 1‘aul or any other actly. seenr-
Ity waa ImMndlnf. It baa tone been
known that the floating supply of gt. Paul
atock la aafely lodged In a a mall numbar of
very atrong handa. and aufflcltnt reaion
bu'lotM house that the St. PatU |
bad orderedau U.ua of gckJ.327.000 preferred
stock and 133,1X3,740 common shares of tba
company at bar. to tba eilatlng atoekboldar*
at once, nights to aubacrlbe to this large
Issue of stork on theao terras wtir, of
course, be eery raluahl.."—ntliert Ik Clay.
SOUTHERN EXCHANGE
Oldest Established Office South.
canon—nows—com—guui
Ground Floor Oculd Building. Dally
market letter and market manual
mailed on application
r
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. e. CURRIER, President. A. E. THORNTON, Vice-President.
H. T. INMAN, VIce-PratldanL OEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Aaa’t Cashier.
I
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
J
HUBBARD BROS & CO wKakts
Atlanta Office*. 219-221 Century Building.
Members New York Cottoa Exchange, New Or-1
leans Cotton Exchange, Liverpool Cotton Asso-1
elation, Chicago Board of Trade, New York Cof-1
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges
Direct wire servite. Correspondence invited.
Phones 4W, Long Distance39. A.S. Husmce. Mt>r. I