The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 21, 1906, Image 12

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The Atlanta Georgian., December 21, 1906, Image 12

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Newspaper Page TextCOTTON PRICES • BETTER FRIDAY Strength in Liverpool In duced Short Covering in Early Trading. ADVANCE FOLLOWED *• A Slight Reaction From Top Prices Was Caused by • Profit Taking. New York, Dec. 21.-Tbe cotton market opened active nnd strong, influenced by ad vances In Liverpool, which had the ef fect of running In many of the amaller ahorta, who were not prepared to carry open aceonnta otrer the holldaya. Prlcea alerted In 601J polnta higher and held •trong after the call. The Aguree of the glnnere' report were not an beerleh aa had been expected tty the Liverpool market, and, aa n eonae- qnance, opening prlcea In that center were better than due on New York's cloee on Thuraday, the better feeling continuing np to the cloee, which waa Irregular 1C 11 palate higher. Following la the. range In the active _ .jnge li ntha la Liverpool today. Open. . December . ,, Jenoary-February |.B 6.4$ r..««V4 is* ...km May il tie 6.« In the «pot department, a good buelimee waa done, aplnnera Increasing their tak. Inge to U.000 balca at an advance of t poTnta, middling 6.6M. The strength In Liverpool Induced cover ing by ahorta from the start, resulting In opening the New York market a few polnta better than due, flret prlcea ehowing ad- vancea of from 601$ polnta, whereas 6 polnta would have covered the English advance at the opening. During the flret hour, the trend waa upward, the high point of the morning ahowtug further ad- vancea of from 30* polnta. The glnnere' report abowa that L074.000 balca were ginned from December 1 to De cember U. making the total ginned to the latter date 11,09#,Odd. In the big crop year, ll.stt.ooo balu were reported ginned daring the name period. Following la the atatement of the move- 5r. k -oM cotton exchange: ^ ^ Overland for week. B8.817 87,554 41.422 nine* SeptemberL 4JK.487 £9.869 474,704 In sight for week.. 505,510 353,974 383,364 Bloc* September 1.7.411.570 4.441.481 7.489,295 In algnt for work, •crordlni to Super intendent King, of tho New York cofton exchange, 512.04, against 343,779 last year. For art ton 7,384,7*f, against 4.115.973 lait 9 The report In daUll la aa follow*: Alabama 133,887 Arkansas Florida Georgia NEWS AND GOSSIP of tbo Fleecy Staple. Prtvatn Wire to Olbort 3c Clay. „ New York, Doc. 2L-Uverpool nt U:« p. m. waa 3 to 4 higher. Waa expected tin* changed to 1 higher. On tbls baala we should open about 4 higher. tbe primary and Jobbing markets, the weather condition* being poor for nay bouse trade with jobber*. Tbe activity In tb* dis trict la Double, aa ahlpinenta are now being rushed. There are already many complaint* being received of delayed deliveries, and It la feared that thla feature will grow *e- rioua lu some quarter* after the turn of tbe year. Ne' be t„ — — _ whose guesses here been wrong—and that la very unpopular. The couaua bureau does not bear the rep utation for being leaky that the agricul tural department does. Hood, Fernle k Co. cabled: "Figures look bearish, but don’t forget trade situa tion. Bears will get badly caught aodher or later. Bohth nothing for sale bur low ^ifverpool will have to decline n good deal to get on a parity with this market. Cotton continues to be mnrketed In Vic toria, Tex., although many of the farmers have already begun plowing for the next season. It la believed this year’s cotton crop will reach 14,000 bales, breaking nil previous records for Victoria. be followed by several other* l»efore the final one In late March. The bureau will la- aue a report on January 8, carrying ginning „. _ to January 1, another one on March 26 £«»•••*! w»ee*H#. carrying operations to the practical end of Illlnola Central. - the ginning season. Au>. lee itb Edited by Joseph B. Lively MARKETS Mr. Lively’s twenty-flvo years* experience of ed iting markets In Atlaota and the 8outh baa made him a recognized au thority In bla specialty. RANGE OF N NAME OF STOCK. Amalgamated Cop pel. Atlantic Conet line. . Americnn Sugur Bef. . Anaconda . - Americnn Locomotive. do. preferred. , . . Am. 8melttOf Bet. . . do preferred. . . . Atcblaon. . . . . do. preferred. .. . Americnn Cotton OIL . , Am. Cat Foundry. . . Iioltlmom A Ohio. . . Brooklyn Rapid T. . . Canadian PactSc. , . . Chicago A Northw‘o . Chesapeake A Ohio. . Colorado Fuel A Iron. Central Leather. . . . do preferred. . . . Chicago A Great W. . EW YORK STOCKS AND COTTON MARKETS ,wara A Hudson. , Distiller's Securitise. . Erie do. preferred. . . It will eoon l>e time for tbe big winners to be starting for Palm Bench. New Orleans, Dec. 21.—Liverpool at 8 np with spot sales 14,000 oalea la an excellent market. Was due 2ft up. Lirensool market affected favorably by good demand tor apota and bureau loaa bearish than expected. Shorts nervous on market's excellent an dertone and covering extensively musing the advance. Market Is very narrow, how ever, with offerings restricted. Th# Naw York cotton exchange will re main closed from 3 p. m., December 21, uu til 10 a. m., December 26; also on Tuesday, January 1. Th* Ltv losed Dec —, ... .. ... The New Orleans cottou exchange ... cloned December 22, 24, 25, 24, 31 and Jan uary L DINNERS’ REPORT REGARDED BEARISH Lntilalann 470,423 ... 66,675 ...L523.416 ... 323,094 .... 1,024 743.999 * -,*7,714 34,014 644,446 .... 314,343 .... 838,793 .... 219,971 ....3,431.602 North Carolina Oklahoma South Carolina Tennessee .... Texas Virginia — 12,114 The number of ginneries reported In operation this season prior to December 13 was 28.322. The Hen Inland cotton tor 1904, distributed l>y states. Is: Florida Georgia South Carolina • 4,*4 Tbo New York market closed steady, nej 12616 pol” 1 * higher, as compartd with Thursday's finals. Comparative receipt* at all U. B. porta: Net receipt* today ““ Maine day laat year Increase Total receipts for tho week .... Same week last yaar Increase Toul receipts since September 1. Barn# time laat year Increase Estimated tomorrow: New Orleans JJ’JJJ to 13.JJJ Galveston 8*25 SMS Houston 16,000 to 17,000 Movement at Atlantal Receipts tods/ 632 Bams dsy last jg{ Increase 64,942 39,396 19.687 .. 367,443 .. 240,229 . 117,239 ..6,681.994 ..4,846,613 .. 744,416 11,’249 7.066 Shipments. today Sams day last yaar ... Increase ............. Stock on hand today Mama day laat yaar .. Increase 1.462 323 1.329 16,733 SPOT COTTON MARKET. Liverpool, steady; middling uplands K.49d; tales 14,000. ..... Atlanta, ataad/; middling Me. New York, steady: middling 10.66c. New Orleans, steady; middling lOfte. TODAY'S PORT RECEIPT8. The following table abowa recelpta at the Interior towns today, compered with the seme dey last year: Porta, 1904 19od New Orica ds. Galveston. . • • Mobile Savannah. . . Charleston. , , . Wilmington. . Baltimore. . . . New York. . . Boston Philadelphia. . Newport New*. INTERIOR RECEIPTS. The following table shows recelpta at the Interior town* today, compared with the same «!sy last year: COTTON SEED OIL. rnces on rouon aeeu ou ioa*y; Opening. Closlnj December. ...... 41*042% 41 ft4J January 39 February. . March May. . : 85! New York, Dec. 21.—The Bun aaya: “The featuro of the day was the census report stating the amount ginned up to Deceiulter 13 at 11,099.000 bales, against 9.299.309 last year, and 11,971,000 two year* ago. Tho re port was regarded ns bearish, but, although there waa heavy selling for a time, under which prices weakened, It waa followed by heavy covering of shorts, and tne re covery of mo»t of the decline. Previous to the announcement of the report, prices decllued. owing to *ont!nued large receipts, large estimates for Houston, Galreaton and New Orleana, Wall atreet and general sell ing and not a little raiding. Not unnat urally, some stop-loss orders were uncov ered, nnd these nc.vlernted tne downward pace. Besides there was a very general expectation of a bnrlsh glnnere’ leport. a fow looking for test than 11.000,000, and nome taking the ground that the total to December 13 was Ukoly to approximate 11.- 200,000 bales. On the decline, man) aborts took profits, and there waa more or less buying by commission, and wire hou*>'* in expectation of n rally. But what with tho glnners' report nnd the large receipts sentiment In the main was still bearish.'' New Orleans, Dec. 21—The Times Demo crat any*: “The census bureau report show lug 11.'i99,00. bale* of cotton ginned to De cember IS, waa disappointing from the bullish viewpoint. The figures, hovfcver, do not prove the proximity of a hurd%nsonie surplus, nor do they guarantee a suffi cient quantity of deslrnblo cotton to supply tho world’s requirement for the year, hence room bears made no a tempt to force the market, and the drcMinen, pass ed into history without having stlrre«f the rings to Important action. Htatlslcal com parisons are so beset by conflicting environ ment that ohl and now standards of com pulsion can not be readily reconciled,, and the true Mignlflcance of yesterday’* showing must souk In gradually. Mean while, further evidence of the danger of depending upon a hedge bought in n pure ly speculative market Is coming to the at tention of actual cotton shorts. Large con tract* aggregating probably several hun dred thousand bales of average strict mid- them mills on York fu- w.. .vJir Is equivalent to 9.90c landed at such mills, but the sellers would now bo happy, Indeed, could they bur up this cotton, which they owe, on u hnsl* no greater than three-quarters of a cent higher than the basis on which they sold It. Undor the clrcnmitsnces, the ocarlsh argument that the not distant future will bring good cotton on the market, for which thare will be no ready purchasers, appears premature, to aay the lent."— Uibert A Clay. GIBERT d CLAY'8 DAILY COTTON LETTER. NEW YORK. The following la tbs rang* In cotton fu tures In New York today: i 11 In 1 II Daci . . Jan. , . , , Feb March. . . . .April, a a . May June.. , . . July Aug 9.io 9.18 "9.48 "f>. 70 9.80 9.i8| 9.101 9.17 9.28 9.16 9.21 ' 9.66j'9.48j 9.62 ’•Its Kj* 9.86 *9.80 *9.84 TOTS 9.21-22 9.38-40 9.62-53 9.41-43 9.72-73 9.77-79 9.83-84 9.71-72 mm Cloacd sternly. New Orleans, Dec. 21.—The demand for Louisville Mexican ' Missouri n-,.1,. Iim, e • , • . IF > ft Nashville fl44V Central I 27 Paclfle | 93V NAME OF STOCK. ..atlonal Lead. . . Northern Pacific. . New York Central. • Norfolk k Western. Pennsylvania. . • • • < People’s Gas. Pressed Steel Car. • . do. profarrad. . Pacific .Mali. Taxas A Pacific. ... Union Pacific. .... United States Steel. do. preferred. Western Union. . Wabash. ...... do. preferred. 1 a Is Total atoefc sales today 432,700' shares. 8t, Paul ex-righta closed 34fr. LIVERPOOL. The following figures give tbe opening tango and dose, compared with yesterday Futures opened ease. Opening Prevlom Range. 3 n m. Close. Close. December ....6.36^34 6.39 6.44 6.31H 6.«ft-6.S4tt 5.37H 5.42ft 6.31ft Dec.-Jan 5.33ft 5.34ft 5.37ft 5.42ft 6.81ft Jan.-Feb. ..,.6.37 • 5.39ft 6.43 5.83 44 Feb.-Mar. ...6.38 -6.37ft 6.39ft 6.43 f.S3ft Mar.-April ...6.38 -6.38ft 6.40 6.43 6.34 \-Api April-Ma, May-June ine-July . lly-Aug. . Aug.-Bept. Closed Irregular. NOTES ON GRAIN. Pointers on Provisions. "Russia- heat and uienta of Russia waa Issued by central statistical committee on November 20. Official fig ures now definitely confirm the vague re ports current for months past as to the deplorable stnte of crops over large areas of the empire. The most regrettable do- flclency Is In the principal bread grain of the Russian people, the outturn of rye being reduced to 663,000,000 bushels, or nlmut 70.000. 000 bushels less than catlmnte made in September. Merlousnea of rye shortage Is apparent; In fact, that crop ts upward of 220.000. 000 bushels less than average auuunt output for five-year period ended with 1904, and 74,000.000 bushels smaller, thau g appeared In n market let ter or i\ a. King k Co.. Toledo, Ohio: ••Some dealers are near-sighted. The mix ers wnnt a high grado In nnd a low grade out. They treat buyers aa auckera and do not appreciate that a good reputation la the most valuable asset any firm or market can hnve. The regular Hamburg correspondent of The Liverpool Corn Trad* News, In the Issue of December 4, aaya: •The arrival of some steamers of Kansas wheat In a very bad state has again caused numerous protests against the cer tificates—the finality Is altuply scandalous, the stuff could not be delivered to the millers. Therefore, we had n g«HMl demand for Russian wheat and River Plate now crop.*" Brooinhnll cables that the Liverpool Corn Trade Association has adopted a new con tract. This will hnve the effect of consld erably reducing their qu< bemuse the Ideal grade will bo abolished. rotn abroad are way out of line." Breomhall cabled the following apeclal Russbin news: "The outlook for Tho crops Is unchanged and favorable. There were fair arrivals Inst week, but very heavy rains are not stopping supplies. The strike still continues." STOCKS REVIEWED BY NEW YORK SUN New York, Dec. 21.—The Hun says: At the close of business on the stock exchange cotton abroad, sales to«iay amount to n. 000 bales at an advance In quotations of 6 points, doubtless exerted its full quota of Influence upon prices In the options US’ 1 %SS termwMrreiuUr.' 'SgS 'JKft !J, .. .brand..*11 muV.m.n. w.” Su!*" hrtKtenrt bj occurred, omjtt me do- |ht . l |,. r ,. lnpn , Fnt ovor nlukt that the secretary of the treasury was once .. baala of computation tbe lending and standard shares, had fallen within a very small fraetlon of 6 points three days of the Week thus fur. After such a break some ry In vnlues would. uu< PIT TRADERS FREE SELLERSJF WHEAT Offset Wet Weather in Ar gentina and Small Re ceipts in Northwest. Chicago, Dec. 21.—Oats led the weakness n the grain pit ‘ ‘ * lay. Wheat cllned ft&Hc. tied. Primary reel eta wheat and cd with 1,023.354 and 488,000 bushels, re spectively, a year ago. Clearances were 184,00 bushels of wheat. 147,000 buthele of corn end 1,200 bushels of cVsh eelee of wheat at Chicago 26,< bushels, corn 36,000 bushels and oata S0,<_._ bushels. At the seaboard, 6 loads wheat and 8 loads corn. T&a Modern Millar says that the win ter wheat baa had necessary moisture, and that It Is progressing finely. THE CHICAGO GRAIN MARKET. T for today ft'lfow: Previous Open. High. Ix>w. Close. Close. WHEAT— Dec.... 74ft 74ft May.... 7t% 78 g July.. 77ft 77ft CORN- Dec May 77ft 78 77ft 77* Dec. v .. 33ft Uni?... 34 July 33ft l'ORK- LARD- Dec... 1.86 HP* AIDES— Jan... 8.60 May... H.7JI 42 n break some July.. 8.87ft 8.90 nder ordinary j c'ASII WHEAT— 8.85 • 8.S6 8.96 8.62ft 8.80 8.86 th* narrow condition of the market, . * g to the closeness of the Christinas dldsys and consequently the absence movement which each ilay not only main tnlna the high averages recently establish ed. but at times even surpasses tbe prece dents Instituted by the crop of 19CM190G. the contention Is stoutly held that the iiiflls hnve contracted for fur enough ahead to roosutne tho supply of icriuUm d**«!r?»ble and available. The contentl in Is bused ou mere conjecture, nnd when a more nor * condition la assumed by the advent o new year, then and then only will tin truth become clearer, and then nnd thei only will the market's deaf that speculative estimates characters will l*e supermini n» uu* mur*' legitimate Influence* of actual hapticnhigs THE DRY QOOD8 MARKET. From The New York Commercial. In the first hand market for plain and staple cottons and for fancy cot ton goods the scarcity of good* has compelled nnmlng higher values. All of the buyers who come to this mar ket are anxious to secure additional goods for spring and they do not hesi tate when a stock Is located to pay full asking prices, provided they can get the goods In the quantity desired and on the proper terms of shipment. The strong position now attained by bleached goods Is helping other lines of cottons, and throughout the marker the strongest upward tendency on all lines Is noticeable. Even In the ex port specialties which are not hndlng a largely Increased call from abroad, agents are holding firmly- for top *>rlce» ami declare that the sale for strictly domestic consumption Is suf ficient to keep stocks from accumu lating. Emory Closes for Holidays. Special to The Georgian. Oxford, Go., Dec. 21.—Emory Col lege closed yesterday afternoon for the Christmas holidays. Work will l»e re sumed January 2, 1907. ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. Bell Phone. Main 853. ATLANTA. GEORGIA. ..bout to do something for the relief of Hie money Mituitthm. Then* rumors dbl not ma terialise yesterday, nnd indeed In their ptnee No. 2 hurt! winter 74ft$76; No. 3 do 1 CHICAGO CAR LOTS. retsry «»I nm unimnj unu fliflii u dim iiv w . , would not put any more money In the .v”!, 11 *’ banka and tost the only thing he coubl do j • further was to accord a tacit permission J to banks to dip Into their reserve fund for I current us**. A suggestion such as tilts last ‘ named would of ‘course hardlr be made In an official manner. One thing that hna very clearly developed Is, ns polutt*d out III this column Wednesday, that the secre tary of the treasury's endeavor to nut money In circulation I»y offering to buy the government 4 per cent bonds of 1997 Is s failure.—Glbert k Clay. Below la given receipts today and estl mated receipts for tomorrow: Today. Tomor. GIBERT AND CLAY'S DAILY STOCK LETTER. New York. Dec. 21.—The market Is subjected to a rather sharp wave of liquidation today, but the selling move ment did not extend throughout the session, and after some depression In Northweat Mocks and Reading, good support appeared In these and other Issues, with consequent effect on the price movement. The foreign mone tary situation la still somewhat un certain and reports today that the Bank of France might aid the London money market $50,000,000 In gold prob ably reflect the extreme of apprehen sion, ns inoat English financiers believe the strain will be over during the early days of January, aa a result of the natural return of money after the hol idays. Money here Is easier on call and much Improved sentiment, even If caused by comparative lack of demand for speculative purposes. We look to see the market retain Its present good tone, and perhaps advance moderately during the next few days. MINING 8TOCK8. 18ft; Mbanuon 13ft; Arcadian lb: Franklin 24ft; North Butte 109; Michigan 19; Daly West l»ft WEATHER FORECAST. . north* l^mlslana and FnM and Hatnrday; light Is »t winds. Tex as--Fair Fridi freftb w.-et w bids. •day: lorWa. A Is bn. 1 Pnrtlr ekmiljr Friday mid to fic*b southwest winds. Arkansan and Western Texas—Fair Fri day and Ns tarda/. . Tennessee and Kentucky—Fair Friday and 5.33; ienrllngs tfatnrday, pm.sde.bby rain In east portion. «r» 64.76ff7.tk LIVERPOOL GRAIN MARKET. Wheat—Opened unchanged; at 1:30 p. m ft hlgherft dosed *4 lower. Coru—Opened unchanged; at 1:39 p. m •6 higher,* closed unchanged to ft lower. THE COFFEE MARKET. selling on arbitrage orders from Ku rotpc. There was buy log by the name brokers who hare reeeutly supported the market here, and who are heiieteil by many to be operating for a uew bull clique composed of western and Wall street Interests, who are trading on tbeir confidence In the valorisation scheme, now that It la assuming more Important propor ment ha- —r--„— ... high as $40,000,000. Recelpta at the two IKirta today were 82.000, against 21,000 last - r.—Glbert k Clay. ungo a mrket NEW ORLEANS. Dec.|. . Jan. . . Fab. . . March. , April. . May.. . June.. , July [uly.. Close uim io.o2jio.ib 10.02-03 9.93-94 9.96-97 9.99-10 10.014)6 10.09-10 10.14-15 10.23-24 9^58 9.96-96 9.95-96 19.99-10 10.04-06 10.09-10 10.14-15 10.21-22 ATLANTA ^MARKETS. FRUITS AND*PRODUCE. BOGS—Candled, nctlr,. 29c. LIVE POl'LTKY-B.ua, .ctl.e, 22^8*. each: chicken, plentiful, WtfSc «i>ch; tacks. Pekin. Kc ,uch; puddle, 36C30C nchi (MW. full tethered, «c etch; tup 'H&bSmBD' POiJltBY—Om«». undrawn, uctlT., J0ai2Vic pound; turkey., undrawn. Active. Htfl6c pound; h.n., undrawn, nc- tire, 11c pound;, dnekn, undrawn, fancy, 16c pound: frlen, nctlv*. 16c pound. PUODUCB—T.nn.wce rib. end hone., Sc: Tcnn.iw. »«nw«*. 9c; Inrd. 10c lb.; b.rai octlve, 14c lb.; .boulder.active. 10c lb.; .IdM nctlv., ]0c lb.: butter active, 16922!4|c lb.; bwiwni, nctlv*. 26c pound; honey, bright, active, 9c pound; honey In 1-pound blocks active, 12c pound; cheatnut. active, 13.00 tra.h.l; dried .pnlea. «c poond; whit. pc«. active. 62.60 bnah.1; lady peaa. 63.00; atoch, , active, 16c each; dove., ac tive, 6c each: ducka. mallard, netlve, 4»c each; dneka ntlaed. active. 55c .each: wild turkeya, active, lie pound; rahblta. ac tlve, 12(*c each: aqulrrela. active. 10c each; 6.00 Bananaa. per bnneh. ctilla, actlva, obcCtl.OO; atralfhta, 61.60C3.00. - p ' n S'2£ l *£ Florida atock, per crate. 11.00. OrantM Florida atock, owln* to alaa and condltlot on arrival, per bo*. $2.26412.60. A|U>lc<. choice Ren Davl., 63.26113.60; fancy, *3.75: New York atat. applea, winter varlw chotc. per barrel._61.26(^4.80: .far itawbaa. dark Capo Jeraeya. V .lute, In 61 IPNIanraa, nvM ranberru* f.n^ grid. TIPS FLASHED From Wall Street Dow-Jones' summary: Americans in Lon don firm ft ©ft above parity. Southern Pacific annual report to be is sued todoy. Government final crop report shows total winter wheat 492.888,004 bushels. Railroad presidents say that people the northwest are principally to blame for coni famine. Officials of New York Central aay car •Ituatlpn easier. Now Haven railroad takes over the trol ley systems of Rhode Island. united States anneal re_port will show about $700,000,000 gross business. Total market loss of the Hlll-IIarriman- 8t. Paul Issues within ten dsys aggregate* $150,000,000. Twenty-one roads for second week In De cember show average gross Increase of 6.84 per cent Twelve Industrials advanced .70 per cent Twenty active railroads advanced .39 pet cent. New York Financial Bureau: • Bull tips are noted on Steel this morning. It la reported that very good buying Is taking place In Union Pacific, evidently for Ilarrlman account. We find Morgan buying of Southern rail* way. Copper nnd Anaconda should work high er. Investment In Baltimore and Ohio Is said to continue. St. Paul displayed a strong upward trend, with good buying reported. Smelting has established a new support around 148 to 149. and we think Guggenheim buying wifi be found around that level on nil soft spots. A little stock Is offering In Brooklyn Rapid Tran.dt around 82, but It could enally tie taken and tbe stock raised sharp ly against the shorts. Good buying Is reported in Fuel. •It was not expected that Louisville and Nashville's dividend would be raised at thla time, but it will be done next year beyond question, aaya a director. New York Central should be bought on y *R«ldfng Is showing a atronier trend up ward. aud we believe It will do much bet ter In the near future. Do not overlook Rock Island, Texna Pa cific, Mexican Central rnd Colorado South ern in the low-priced list THE WEATHER. LOCAL FORECAST. WEATHER CONDITIONS. The low barometric area to the northwest has moved eastward since yesterday morn ing, cansing snow In the lake region and Ohio valley and rain to the south, and Is now centered over the eastern lake region. Snow Is fnlllng at Marquette. Chicago, Cincinnati, Pittsburg. Buffalo and Oswego, while It was raining this morning.at Nash ville, Knoxville and New York city. An area of Increased air pressure has spread out over the western half of the country and is causing generally fair weather In the southwest and In the gulf and south At lantic states. " _ As n rule the temperature changes for the last 24 hours are small nnd the conditions favor fair weather In this section tonight nnd Saturday, with no iunterinl change In temperature. Minimum and Maximum Tamparaturat and Rainfall. Market Was Under Press- ure During Greater Part of First Hour. CAUSED SHARP SLUMP Active Stocks Showed De clines of From 2 to Over 3 Points. Ne» York. Dac. 21.—Th, fenlnr, „ f , lk day'n mnrk.t w*n the tnrth.r e»*ln* ,,/r „ f th. rut*, qn call Ioann. A few tr«n«ncii„ni were recorded at 9 per cent when t.lds „-, rt opened on th* atock eacbange, tbit prorhr to be the highest of the day. Quotatl.ru •lowly fall until by mid day they »t..»i ,, 7 per cent. What waa even more afenla. nDt the rat. on atandlDf loan., which «,,< k per rant ou WednMday and 12 per cent t.rilay, wa« marked down today to s *rt... thing of chief note about tliene reduction, wan of conrae that they were madu on commodettons extending over tbe end the week. It waa felt. To view of thla. time a comparatlrely strong .Inuring waa n. •urad for tomorrow', hank atatement rh» •lock market at once reimmded to thi- more chMrful outlook. At til. openln, real fling tales were in arldence, and during th.. drat hour some sharp decline, took olac. In Reading, the Hill attfltk. nnd on. or ton other Individual l.au.a. Rut tho real of the Hat, though very dull, remained ateadr during thin interval of d.preaalon ami began to stiffen up all uronnd. The n. r . •latent atrength of the Steel .hnrea tv-, from a ■pectilatlre polut of view, an eucour’. aging Incident. M.w York, Dec. 21.-The atock market opened strong, with moderate gains .hon ing In the majority of the list, (heat Northern preferred np 1 point and Union Faclflc and St. Fan! 44. Rending ut> About the only decline, were U In Kmrtb' orn Pacific ana 44 In Northern Ferine The stock market wn. under pro.anr,- from bear sources during flic greater part of tbe drat boor, nnd although n .iron- ton. was developed at tbe opening nhra gains ranging from 14 to 114 per cent war. recorded a concerted raid carried price, of tbe netlre stocks down 2 to SW point,. Ie«. don traded to a .11)011 extent, buying nlmnt 10.000 .hares on balance. Tho nova that r, court of appeal, decision In the le.t farce cast would not be handed down until nfter January caused some .oiling of Brooklyn ltnpld Tran.lt by wune recent huy.ra, «h,i expected thnt a decision would b. rfledereil today. The atock was taken by atroog In- aide Intcreata. Government bond, are unchanged and other bond. Irregular. MONEY AND EXCHANGE. W^Ora^ .fruit?*' gforP ScCtl. Nnu, fancy, mixed. In hoiM. peT pound*. 1244614c. Coconnute, hea« Milan*, rack of lOOTactlra, at 64.60 sack. Feaaota In •acka averaging 100■ pound, each, owing to * r vt*( 1 ll?rARLK»^-ltMU,' cahbtea crate* netlre, $3.00 crate: cabbage, atandard crate., 2c pound; cabbage, Itarr.la. 2c pound, egg plant, actlva. $2.60 crata; mm®!' hen. 61.10 crata: tomatoea, fancy, uctlvc. $3.10 erato; tomatsaa. choice, active. $2,000 568 crate; bean*, round green. tt-Mi crate onions, dry. actlva, tic bushel, Irish pota* toM. actlv. No. 1. 30c bo.h.l; c,l,ry. fan; cy. «<W0c bnneh: peppera actlrc, 12.25 crate; akra, al* Uak.ta. .mall, *!.» crate; raullflower, actlr*. 6Oi0c pound: lettnee. headed. 61.5062 drum: .weal potatoee. y>1- low,-act)re, 60 bnahel: aweet notatoea,whlte, active. 60c bushel; kraut, half-barrel, $3.75; rutabaga turnip*. iHc. Btrawberrie*. $5640v crata. FLOUR. GRAIN AND PROVISIONS. FLOt.'lt—lllgbett patent. 660: iw.t r»l- tat $4.10; atandard patent. $4.26: hnlf pat ent. $2 90; iprlng wheat patent. $5. COR V-Cholce reil cob, «9c; No. 2 white, 64c' No 2 yellow, 67e* ntlxeil. S7c; old crop choice. Me; old crop. No. L 67c; old eron mixed. *7c: new Tennc.Me white, «3c; crai C °o5i'I^Ch!dce l V^hfte clipped, 49e; No. white. 47c: No. 2 mixed, 47c; Texas ruet. PI> 6TbAt—Plain water-ground, per bnahel. 13c; bolted. 140-pound jute., per buahel 60e; Bhorta. white. BHi m^llnm. $1.40; hrowa, Kl 38: pur* bran, tl-36; mixed brand, $1.15. ’ l HAY—Ttmodby.’ choice lame bate.. $1.3: do., cnolct amall balca, $l.a; do.. No. l clover, mixed, M.20; do., No. 2 clover mixed $1,18. Choice Bermuda. 90c. P RYE—Georgia, $1.00; Tenneaaee, 90c. Bar- ^bt nonva prices art f. o. 1*. Atlanta. PROVISIONS—Bunrem* hams, 16c. Dots ^ama. 16c. California haina, $9.00. Dry salt extra ribs. $9; helMea. 20.25 pounds, 10.25: fat liacks, 8.00: plates. 8.00; Hiinrcine lard, 9.81ft; •bow Drift compound 1.60. , FI8H. Bream, Iff7c pound; snapper. 10c pound; trout, 8o pounl; blue fish, 8c pound; pom- pa no, ltffSOc ponnd, mackerel 8c pound, mix ed fish, 4c pound; fresh wtaer trout, 8ft 10c pound; bar shad, 60ff40c; rock shad, 25ft30c, Range. Jnimarfy 5.40-6.45 February (.70-5.76 March .5.80 Aj.rll 6.15-5.90 May 4.00 June 4.00-4.10 July ....4.104.15 August 4.154.2J September 4.36 GROCERIES. BUOAR—Btanaaro granmated, $3.10. New York rafloed, 4\c: plantation, 5c. COFFEE—(toasted Arhuckle's. $14 50; bulk * green lift 12c.. according to tbe *^CHBEBE—Fancy fill cream dairy, lift*; twins, 16c. Bhredded biscuit. $5 case; No. 2 rolled oata, 13 eaae. Hack irrlta. 92-nonnd bags. $1.66. Oysters, full weight. $1.75 case; light weight, $1.10 cate. EvniM»rate$l apples 7\e pound. Pepper, lie. Baking txiu-dera, $5 rase. Red salmon, $6 case, rink salmon | $4.fi case. Cocoa, 39c; chocolate 35c; snuff. 1-poond Jars. 4$c. Roast beef, U.30 case. Corned beef, $1.30 case. Catsup, $1.90 case. 5 70-6 75 Blrup: New Orleans. 35c_gallon; corn 28c M |tAn; C».h. 3Sc eellon; Georgia etne, 85c. Axle greaso, $1.75. ad; lemon 7ftc; oys- ... per pound, 6c; mix ed. per pound. «ftc. Tomatoes.^ 2-i>ouo.t, ILM rui; $mound. $2.26. Navy b*nna, 12; f.lma beans, aftc. Beer matches, per gross. Rope. 4-ply cot- 6.104.15 6.164.20 6,254.30 6.354.40 4.464.50 4.604.66 4.554.40 6.454.70 LIVE STOCK MARKET. Jui $1-45. Macaroul. dines, mustard. $3.2 THE 8UGAR MARKET. New York. Dec. 21.—Local refined and raw sugar markets steady and unchanged. London beets steady. ' Chicago. Dec. 2L—Hogs—Estimated, re ceipts 30.000. Market weak to 10i> lower; quality fair; left over 9.044; balk $4.2904.30; estlmatiHl fur tomorrow 19.000; light 14.10ft rftft: rough $5.86ft4.06; pigs $54.^4.20; nork- r* 94.25ft6.35; good to choice heavy $4.3ft 636 Cattle—Estimated receipts 4.009. Mnrket steady: qualify fair; l*eeves $3.9i>ft7.10: cows $1.25ft 4. ft): heifers $2 JM&5; reive* $S.50ff 7.5*); go»wl prim** steer* )6.3ftff’,,10; p»H»r to lonlbiui $3.»^5.^); st«>cken» and filers $3.4) ff4.fl Mheep—Estimated rectdnts 8.000. Market steady: natives $!.J5fkS.X5: western tX'ift j V $5.«s>U6.40; lambs $7.10; west-ltd* THE METAL MARKET. New York, Dec. 21.—A strong tone pre vailed in all grades of copper. Tin waa up ftc. Io»ad gained 5 points, as dbl also spelter. Special Tsrm of Court Special to The Georgian. Gainesville, Gft., Dec. 21.—A special term of the superior court r.f Hal) county la ordered to be held, commenc ing January' 14, by Judge T. J. Klm- soy. No grand Jury will be necessitat ed. as there are only civil cones u» be triad. Abilene. . , , Amarillo Asheville. . . . Atlanta. . . . • Augustn. . . . Birmingham. . . Bismarck Boston. . . . Buffalo Charleston. . • • Charlotte. . . . Chicago Cincinnati. . . . Corpus Christ!. . Davenport. . . Dodge City. . . , Kl Faso Fort Smith. . . Galvestou. . . . Havre Jacksonville. . . Jupiter Kansas City. . . Key West. . . . Knoxville. . . . Ia»s Angeles. . . Macon Memphis .Meridian Mobile Montgomery. . . Nashville. . . . New Orleans. . . New York. . . . Norfolk Palestine. . . . Pittsburg. . . . . Portland. Me. . , Portland. Ore. . St. Louis. . . . St. Paul. . . . Snn Francisco. . Savannah. . . Spokane Tampa Taylor Thotnaavllle. . . Vicksburg. . . , Washington. . . of rain or snow. New York, Dec. 21.—Mohey on call, 4ft§9; time loans firm: 60 days, 90 days and 6 months* loans, 4 per ceut. Bar silver. 49ft. LONDON 8TOCK MARKET. Atohleon , Baltimore anil Ohio ......... Chesapeake and Ohio ...... Great Weatern Canadian Pacific Denver and Rio Grande .... Erie do. preferred Illlnola Central Kansas and Texas do, preferred : Louisville nnd Nashville ... Mexican Central Norfolk and Western ........ Northern Pacific New York Central Ontario and Western Pennsylvania Philadelphia and Reading . Hock Island Southern Railway do. preferred Southern Pacific St. Paul Union Pacific United States Steel do, preferred Wabash do, prefered . ll’rr. QpnlCloslClos 112%..... loss 102ft 102% 17s! «« MS “ >3* 71ft 144% 27 ft 91ft im 131ft 131% Ifi a 137ft 141 29% 33 94% 93% 187 181% 181% PL. 104\'lOPijW : »* vr t 75ft' 75% 171 172 i44%,ii5‘i ...'m 138ft 140% SOUTHERN EXCHANGE Oldest Established Office South. COTTOU STOWS—BONDS—Mil Ground Floor Oould Building. Dally market letter and market manual mailed on application. LOWRY NATIONAL BANK Designated Depository of the United States. CAPITAL $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. _ _ Frank Hawkins, President. . _ „ *• 61. Atllneon, V. P. TaoraaaO. .Erwin. Asst Culler. Joseph A. If coord, CaeMer. R. W. pyera, Alit. Cashier. Third National Bank Capital Surplus $200,000.00. $300,000.00. DIRECTORS! Frank Htwklba II. M. Atkinson. Joseph A. McCord. THE AMERICAN AUDIT COMPANY Home Office, 100 Broadway, New York City. F. W. LAFRENTZ, C. P. A., President. C. E. Manwaring, Vic, Praeidant, Thao. Cochau, Jr., C. P. A., 8,e. and T,,,t BRANCHES NEW YORK—Waldorf-Astoria. ATLANTA—Fourth Nat’l Bank BOSTON—Exchange Building. CHICAOO—Marquette Bullditix- WASHINGTON—Colorado Building. PHILADELPHIA—Bellevue-t f t r :’ l( ' NEW ORLEANS—Hennen Building. SAN FRANCISCO—Belden Bulldt 1 * LONDON. ENGLAND—4 King Street, Cheapslde. AT-ANTA BRANCH 1015-18 Fourth National Bank Buildi"9 C. B. BIDV/ELL, Resident Manager. . Telephone, Main 872. Cable Add rest, Amdit. N. '