The Atlanta Georgian. (Atlanta, GA.) 1906-1907, December 22, 1906, Image 16

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    iti,
ihk Atlanta Georgian,
_ aTLBDAY, Lfc.CL.UDLK 22,
Will Remain Closed Until
Wednesday Morning,
December 26.
LIVERPOOL WAS OPEN
Advices From That Center
Were of a Discourag
ing Nature.
Mahlpidntinn <rs« evident In Liverpool
Saturday morning. The Kogll.b exchange
had ■ ''lone hand" »o fsr ns speculation
was concerned, all the American markets
lielnc cloned for the Christmas holiday;
_ e« ... not .naif nir tint? ft.
jttid. as the h«IW nre not waking nuy ef
forta to Hupport prlcos, It wns nn en»y
matter to open that market
expected *' “ ““
a«4<S6 point* w*s recorded for ontlonn.^
Hpot* were nuoled "hnrnlj lower, the
• —a liddilng upland* having been
price for mid.
towered 23 point*, aa compared with Fri
day’* price. Hale* were lllwral for the
•bort *e**lon. 8,000 hale* changing hand*
at the decline. . .
The week In cotton wns uninteresting
to holla and hear* alike until Thursday, up
to that time, neither aide was aggre**lre.
aa price* were ruling at a level about uls-
HESTER’S WEEKLY
COTTON STATEMENT
Secretary Hester, In his weekly
statement of the movement of cotton,
shows an Increase of the movement
Into sight, compared with the same
week last year, the same days year
before last of 121,000, and an Increase
the same time In 1003 of 108,000.
For the twenty-one days of Decem
ber the totals show an Increase over
last year of 502,000, an Increase the
same period year before last of 312,000,
and an Increase over the same time In
1003 of 328,000.
For the 112 days of the season that
have elapsed the aggregate Is ahead of
the 112 days of last year 742,000, be
hind the same days year before last
78,000, and ahead of 1903 by 1,045,000.
The amount brought Into sight dur
ing the past week has been 509,516
bales, against 53,974 for the seven days
ending this data last year, 388,358 year
before last, and 403,271 same time In
1903, and for the twenty-one days of
December It has been 1.870,169, against
1,168,267 last year, 1,868,061 year before
last, and 1,342,222 same time In 1903.
The movement since September 1
shows receipts at all United States
ports 5,485,76V, against 4,808,686 last
year, 5,536,698 year before last, and
4,760,071 same time In 1903. Over-
Edited by
Joseph B. Lively
Mr. Lively'* twenty-fita
year*' experience of ed
iting market* In AtI»nU
and the South ha* made
him a recognized au
thority Id bla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME’by STOCK.
Coaat Line.
American Sugar Rif.
Anacoml.v
Am. Smeltiag lief.
do. preferred.
Atchison.. . . .
do. preferred.^
American Cot’on Oil.
Am. Car Foundry, • ,
Baltimore A Ohio, . .
Chesapeake Jb Ohio.
Colorado Fuat k Iron.
Central Leather. • • .
do, preferred.
the yield of cotton for the *efl*on, the
trade apparently of tho opinion the enor
mous consumption now reported through
out the world would take of a crop of
moua oon*ump>
out the world ,
cotton even a* large n* that estimated.
There are n number of well *
pie who hold the opinion that
porting hoard of the agricultural depart
Sent nave made more than usual effort*
to arrive nt correct fijeuros, and that the
gneas thla season will he nearer correct
than any heretofore Isaued: In fact, nn
over-estimate would not surprise a number
of the staple** friends. The estlruite,
however, was “conAtrued" a* bearish by
the ’'talent.** They were aided by the
vary besvy_moycn.cnl anrt tlj« «>*'i
several other report* were to lie Issued by
the government on which -
bearish
■traction could" !m» placed.
The census bureau Issued Its report on
Thursday of the amount of cotton ginned
up to December 13. It showed tbnt 11,-
0*9,001 bale* bad ln*on ginned up to that
date, ami was Immediately **fonatrued
as bearish by the "talent. Tho lowest
prices of the week were recorded on Hint
day, December breaking through 9c. On
Friday, a ainnll rally carried prices 211*
SI point* ntwvo tho lowest touched, on Jbc
active month*, the clone Friday showing
declines of from 6017 point*, us compared
with Saturday, December 15.
Following Is thej-ange fojMhej|||j|^_
December ” .9.32 8.86 9.17 IX 9.30 3’
jamrj *•» 9-21*22 9.8S-39
a of aoft U Mill o »«
May
9.83.
j„iv 9.96 9.00 9.83-84 9.89 91
The New York and New Orleans mar-
kete will 1m* closed on Hnturday, Monday
aiid Tuesday on account of tho Chrlatmns
On account of the closing of tho cotton
exchanges, spot quotation* were not *«-
reived.
the movement nt Atlautn
The Atlanta market le nominally un
changed at lOe.
Following
today:
Ilecelpta today
Same day Inst year
Increase
Shipments todny
Maine day last year
Increase *
Stock on band todny
Same day la*t year ...
i ftittt*"
WORLD’S VISIBLE
SUPPLY STATEMENT
LIVERPOOL.
m.—Cotton
'dratsnd. ' wlUl price-
SBSS. “S&^MradTporftSJ;
receipts 40.400. all American.
Futures openod enax.
Open lug
December
December-January ...5.
January-February 6
Febmary-Morch 5.39
March-Aprll 5»
AprII-May HI.
May-June
_ Prevloua
I tango. 1p.m. Close. Close.
... .5.41
6.40
6.39
6.38)4
6.3X4
Juue-July
July-Augu
ist-Rei
August H
“TToied’
ust
■ptomber
...5.424
....5.45
....6.44
....6.40
6.42
6.424
6.374
5.464
quiet.
ENGLISH MARKET
BULLISH CENTER
New York. Oor. 22.—The Sun WISH: "Tim
overcrowded hour era ft wa, ."Wcc ”*> »*
to apeak, to a long range and enfilading fir<
- T7. * I ..7kl..l. n» ...111 U' 11 V 11
frotn T.TvcVpool, which has an o»ld way at
times of coolly vetoing New York a opera-I
tlona about government reports. In this
-*•••— cal report
case It considered the gliumiii
Tbursday as being anything but a* bearish
na New York advocates of lower prices be I
lleved It to be. YY’hnt 1* more, Liverpool, to
give concrete expression to Its opinions,i
calmly advanced prices equal to 4 to lV*o
In our money, and Lancashire and conti
nental Spinners, ns If to add Insult to In-
kSre^where’tbe inark^^o
appearance of being told out If not over-
■old. Liverpool. YVnll street and tin* South
bought. Hut there Is still n big short ln|
terest in Wall street In whic h bulls t.w»k
apparent Interest and wilt endeavor to treat
With all due attention when It makes a
nertous effort to cover. Local shorts rov-
•rid to tome extent. The receipts were
largo and ao were the estimate '
day. hut for the moment they had little ef-
f< New Orleans, Dee. S.—The Tlim-s Demo
crat says: •’Y'eatertlny'a cotton market felt
tho do-nothing dullness of holiday times, hut
tho old-time spirit of Chrlatmns was lack
ing. Business whs on a very small scab*,
covering by shorts supplying meat of tin
support.
by shorts supplying moi
the magnitude of the movement
the piles of cottou congested at the Interior
points nn®l the reported easier tone of the
apot market In Texas eneournged bearish
confidence, but the fact that Liverpool spot
Rales for the week aggregated 62,000 against
18,000 lu 1906 and 29.000 lit the Idg crop year
and an Improved ileinaml for the heretofore
less desirable grades, checkmated to some
extent the bear tendency to Ignore all fac
tor* aave the movement in crop calculations.
However, the presence of a five-day holiday
and the desire of spot shorts for cover were
more largely responsible for the speculative
nteadlness than was the relation of supply
and demand. The charge made by nn Oktu-
boms shipper, whose cotton taih-d to nn-et
requirements, that grades nre t«w» strictly
sort'that the troubles of th«* sblpiwr In
question are traceable alone to the fact that
the classification of his cotton fell way be
low contract specifications, thus neces
sitating the purchase In the open market bpr
him of cotton to meet bis obllgatbms. all
©f which eutalled loss.*’—Gilbert A clay.
WEATHER FORECAST.
Georgia. Fast Florida. ■■■ i
Alabama—Fair Saturday and Kundny.
Arkansas—Fair Saturday and Sunday.
The world’n visible supply of cotton,
ns compnred by Beerotary Hester, of
tho Now Or leans Cotton . Exchange,
shows nn Increase for the week* Just
closed of 142,457 against nn increase
of 93,109 last year nnd nn increase
of 117,815 year before Inst.
Tho total visible 1h 4.880.956. against
4J»M9» lyrt fWOfk. 5.091,00® U,t' year
nnd 4.566,137 year boforo last. Of thla
Iho total of American cotton la 3,937,-
956, ncnlnat 3,848,499 lo.t week, 4,030,-
ooo In nt year and 3,843,127 year before
lam, and of all other kinds, including
Egypt, Hraxtl, India, etc., 943,000,
ngalnxt 890.000 last week, 1,061,000 last
year ami 723,000 year before last.
The total world's visible supply of
cotton ns above shows nn Increase com
pared with last week of 142,457, n de-
orcuso compared with last year of 210,-
044 and nn Increnae compared with
yenr before last of 314,829.
Of the world's vlslblo supply of cot-
- — nbove thero Is now nflont nnd
ton
held In (treat Britain nnd continental
Europe 2,199,000, against 2,474,000 last
year nnd 2,329,000 yenr before Inal; tn
Egypt 217,000, against 177,000 last year
anti 190,000 year bhfnro Inst; In India
405,000, agulnst 500,000 last year nnd
218,000 yenr before last, and in tho
United Unites 2,060,000, against 1,880,-
000 Inst year and 1,766,000 year before
last.
SPINNERS’ TAKINGS
AMERICAN COTTON
Illinois Central. . . ,
Am. Ica BacurltlM. - .
Louisville * Nashville.
Mexican Central. . . .
Missouri Pacific. . • .
Chicago k Great W.
Chicago. M. k Ht P.
B eiaware 4k Hudson.
Istlller's fieeurttlee.
Erl#
.... do. preferred® • •
land across the Mississippi, Ohio and
Potomac rivers to Northern mills and
Canada 485,437, against 389,859 last
year, 474,766 year before last, and 384,-
308 same time In 1903; interior stocks,
an Increase of those held at tho close
of the commercial year, 551,373, against
686,277 last year, 649,278 year before
last, and 468,139 same time in 1903;
Southern mills takings 909,000, against
884,850 last year, 828,613 year before
Inst, and 754,303 same time In 1903.
These rmke the total movement for
the 112 days of the season from Sep
tember 1 to date 7,411,570, against 6,-
669,621 last year, 7,489,295 year before
last, and 6,316,831 same time In 1903.
Foreign exports for tho week have
been 240,328, against 257,057 last year,
making the total thus far for the sea
son 3.703,337, against 3,234,229 last
year, nn increase of 469,108.
Northern mills takings and Canada
riuririg the -past seven days show an
Increase of 36,824, as compared with
the corresponding period last year, and
their total takings since September 1
have decreased 85,597. The total tak
ings of American mills, North, South
and Canada, thus far for the season
have been 1,971,426, against 2,083,416
Intft year. Theso Include 1,051.135 by
Northern spinners, against 1,36,732.
Stocks nt the seaboard nnd the twen
ty-nine leading Southern Interior cen
ters have increased during the week
91 032 bales, against a decrease of 38,-
193 during the corresponding period
Inst season, nnd are now 188,010 larger
than at this date In 1905.
Including stocks left over at ports
and Interior towns from the Inst crop
and the number of bales brought into
sight thus far from the new crop, the
supply to date Is 7,709,340, against 7,
114,212 for the same period lost year.
.NAME OF STOCK.
t Westsro.
N. Y„ Out. A V
National Lead.
Northern Pacific. . .
New York Central. .
Norfolk Se Weatern.
Pennsylvania
People's Gas.
I fOlllr ■ (ID®, ® ® . • *
Pressed ftte«l Car. . .
do. prefsrrsd. ... .
rad fie Mall.
Reading. ........
Republic Steal. . . , .
Rock Island.
do. prafarrsd. . , .
United Btatri ltubbst. ,
do. preferred
Southern Pacific. . . .
Southern Railway. . . ,
da preferred
Texas k Pacific.
Union Pacific
United State* Steel,
da preferred.
Western Union.
Wahssb
do. preferred.
Total stock aalce today 548,000. Ht. Paul ex-rlghta closed 34.
NEWS AND GOSSIP
of the Fleecy Staple.
New York Commercial.
The report was bearish, but It had been
discounted.
The ceusus bu.eau figures were about
what Wall street looked for.
It was a very busy hour after the report
came In. . ... _ . ^ ,
The long* made a splendid fight, and In
creased their lines with confidence. The
by the long Interests held the tuar-
uylug I
The public did not come In to buy a bale.
The siren soiig of the *’dope** writer does
not seem to Impress the public enr, at the
moment; this Is probably because their
toues nre too white, coloring la tho rcnl
test.
There will he no exchange Christmas tree
this year. Home of the crowd are even be
ginning to lose their fnlth In Knntn Claus.
Then? could be nothing wrong with figures
ns accurate aa 11,060,001, but aotnelMMly wns
menu enough to wire to find out the weight
of that one bale. . _ ,
Washington Is learning right nlong more
nnd more about the game. , .
If Is doubtful, however, if the market will
r us broad ns In the good old days of Hyde
ad Holmes for some time.
There wns a good deal of covering by the
ueceaaful gueasers of the last two govern
ment reports. The crowd mude money, but
It will be more like n cotton market when
they nre out of it.
Certain big spot people have been snbl
to be cnatlng aheepMi eyea on tho cominis-
slon house game for aorno time. A whole
lot of commission houses are wondering If
there Is any money In spot cottou.
The lM*nrn got the figure* they expected
from the census bureau, hut the market
failed to break on them. The report wns
better discounted perhaps than any govern
ment report ever fanned. The market went
down before tho report wns received to a
level that carried all mouths to the lowest
figures for a long time.
THE WEATHER.
LOCAL FORECAST.
For Atlanta and Vicinity—Fair tonight
®nd Kundny. with minimum tciuporaturv o(
about 28 degree, kundny morning.
DEMAND GOOD FOR
NEAR-BV OPTIONS
Caused a Fraction Advance
in Wheat During the
Morning Session.
Chicago, Dec. 22.—The beam on the
board of trade ruled the rooat In to-
day’j sesalon. Loosen were made of
l-4c In wheat, save December, which
was up l-8c, l-8@3-8c for corn and
3-81M-2e for oats.
Cash transactions In grain here, as
well an the seaboard, were at a stand
still.
Primary receipts wheat were 665,000
bushelB and com 771,000 bushels com
pared with 676.000 and 823,000 bushels,
respectively, a year ago.
Clearances for the day were 152,000
bushels wheat, 163,000 bushels corn and
2,000 bushels oats.
CHICAGO GRAIN MARKET
Chicago grain and provision quotations
for toduy follow
Open.'
Previous
nigh. Low. Close. C'loie.
74*4
WEATHER CONDITIONS.
During the Inst 24 hours there has been a
general and. In most cases, marked In
crease In pressure over the country east of
the Rockies, sud today tho weather condi
tions are dominated by a vast area of high
presimre whom center la over the Itnkotns,
wldlo Its crest extends south Into Tesns.
cloudiness continues from Teunessoe
northeast Into New York and snow win
falling this morning nt Nashville, Asheville,
Clnrlnnatl, kt. Louis nnd Pittsburg. No
iiriH-lpItntlon for the Inst 24 hours Is report
ed In the gulf and south Atlantic states,
hero tho wonther Is generally clear.
The advance of the northwestern high
resaure area Is ranslug rontlnned fold
weather east of Iho ltoeklox, tho lln. of
freeslng temperature dropping Into north*
ern I leorgtn amt Alalmma. Killing frost Is
reported at Kavanliah and light frost ut
t.. .-I....... ..4 II.. .....I Vntftt nslullllU
•f it 4 ■ k H4»i i v 111»* nml New Ort
The comllIlona favor fiilr 1
tonight nml Numlny
•nther in this
with it mini
mum temperature of about 28 degrees Hun
day inoruiug.
Minimum and Maximum T«mpsr«turss
.and Rainfall.
Observations token at 8 a. at., fitb meri
dian time.
Secretary Hester glues tho takings of
American Litton by the spinners of the
world an follows:
This week 420,000 this year, against
330.000 last your and 323,ooo u- before
lust.
Total since September . ils year,
4.389.00ft, against 4,283,000 Ium year and
4.112.000 the year before.
Of this Northern spinners and Canada
took 1.051.000 boles this year, agulnst
1.137.000 last year*, and 1,085,000 the
year before; Southern spinners 920.000,
agulnst 897.000 last year nnd 829,000
the year before, and foreign spinners
2,418,090, ngalmt 2.249,000 last year and
,188.000 the year before.
COTTON MOVEMENT
DURING PAST WEEK
The movement of cotton for the week
nnd season, us compile®! by Superin
tendent King, of the New Y'ork Cot
ton Exchange, Is as follows:
Weekly Movement.
This Year. I«n*t Yaer.
Fort receipts 355,701 241,773
Overland to mills
und Canada. . .. 57,093 37,794
Southern mill tak
ings (estimated) 71,000 68,000
(lain of stock at In
terim* towns. .. 28,610
16.212
363,7
Drought Into sight
for the week. . 512,404
Total Crop Movement.
This Y’ear. Last Year.
Port receipts.. . .6,499,881 4.849,457
Overland to mills
and Canada. . 459.061 3.63.786
Southern mill tak
ings (eat.) 887,000 841.000
Stock at Interior
towns in excess
of Sept. 1. 539.338 561.729
Asheville.
Atlanta. .
Augusta.
Birmingham.
Bl*mnrck. . .
Hosto
Buffalo. . .
Charleston.
Charlotte. .
Chicago!
Clncluuntl. . .
Corpus Chrlstl.
Dnvenp«*rt. . .
Kl Pa so. . .
Fort Smith.
Galveston. .
Knoxville. . .
1 <o* Angeles.
Mseon. . . .
phis.
Memphis
Meridian
Miles City. . . .
Mobile
Montgomery. . .
Nashville
New Orleans. . .
New Y'ork. . . .
Norfolk
North Platte. . .
otunh.-i
Palestine
Pittsburg. . . .
Portland. Me. . .
Portland. Ore. . .
Ht. IvAUl*
Hr. Paul
Han Francisco. .
Savannah
H|»oknne
Tampa
Taylor. . .
July
PORK-
•Inn... 16.2b 16.2# 16.1714 16.20 16.11)
.Mny A . iV 16.52J4 16.6714 16.W 16.6714 16.45
TIPS FLASHED
From Wall Street.
Private Wire to Olbort & ciny.
New York, Dec. 22.-Mnr.bnll, kpnrter &
Co.: Yesterday's market reflected no Impor
tant change lu sentiment, though a rather
In bullion by the Bank of Knglsnd nnd the
' "tend* Improved In most respects
sltuntli .. .
financially.
Dow-Jones* summary: Movement of gold
In quantity from Purl* to Loudon reports
Important easing lu foreign money market
the stock exchange there close*\>n Tuesday
nnd Wednesday.
Dun's review says Increased trade diffi
culties for tho IdiM-kiide* nnd shortage of
serious results at some
Bradstrcet's ssys holiday buying Increases
ns # the season draws to a close.
N-w York Central's officials say enr sltua
ATLANTA MARKETS.
FRUITS AND PRODUCE.
EGGS—Tandled. active. 29c.
LIVE POULTRY—Heue. active. I2fcl7»e
each: chickens plentiful, 15<ri5c .each:
lucks, l'ekln. JBc ench;^ puddle,
Dressed POULTRY—Geese, undrawn,
mve. loeiric pound; tnrkeye. undrt
active, 14al6c pound; ben*, undrawn,
tire, 13c pound; dneks. nndrnwn, * m
15c pound: fries, active, 15c pound.
tire, 13c pound; ducks, nndrnwn, fancy,
“c pound: fries, active, 15c pound.
PRODUCE—Tennessee ribs amt hones, 8c.
Tennessee sausage. 9c; lard, 10c lb.; hams
octlvo. 14c lb.; shoulders active, 10c jh.; sines
active. 10c lb.; butter active. lu$224c lh.;
Iteeswnx. active. 25c pound; noney, bright,
active. pound: honey In 1-pound block*,
active, 12c pound; chestnuts, active, $3.00
bushel; dried apples. 6c pound; white peso
sctlve. $2.50 bushel; lady pens, $3.00; stock,
$1.40m.50.
GAME—Quail, actlre, 16c eneh; doves, ac
tive, 5c each; ducks, mallard, active. 40c
each; ducks mixed, actlre. 25c each;
wild turkeys, active, 16c pound: rabbits, sc
five. 1244c each; squirrels, active, 10c each:
opossum, dressed, active. 11c pound; opos
sum. live, active. 8c pound.
FitUITH—Lemons, fancy Messena. $4,500
5.00 Banana a. per bunch, culls, nettve,
90cff$1.00; straights. $1.6002.00. Pineapples
Florida stock, per crate. $2.00. Ornnso*
Florida slock, owing to sixo snd condlttc
on arrival, per Ik>x. $2j«M?2.50. Apple*,
choice Ben Davis $3.254*3.69;: fancy, U75;
New York state apples, wjntm; varie
ties. choice, per barrel. 83.25fr4.B0, finif,
83.75fl4.00. O repos. £<™York »l«to. In WK
basket*. Concords20G22Hc; Niagaras 3Z1W
25c: Catawlms 2p4*22Hc. Cranberries, fanr
dark Can®* Coda, per barrel, fiZ.vW
Joreoyn. *811.00. Crepe fruit, fjorj'l*
•took, owlnz to « ie null color, per box 81.50
tn.Ui. I .linen, l'lorliln ntock, per hnliilrefl.
75o4i81. Null, fnpoy. mixed, lu »«} («
pound. 12Vt614o. Cocnnniit*. hen»J rultnni,
reek of IP), notice,Jit H.60 •ack. Ponnut. in
sacks averaging 100 pounds etch, owlog to
grade, per pound, 4J4l®6c.
le, per pound. 4'/4'Uoc. .
K*®® ETA BLKH—Beets, cahlmge cra*«».
active* ».ob'crate: mbbaWstauSard crates
2c pound: cabbage, barrels. 2c I»o»«»d,
.nfiun V) Krt frmtf' cueum-
egg plant, active, iz.w crate; vncuin-
hers. $1.59 crate; romatoee. fancy, actlvs
$3.50 crate; tomatoes choice, •ctlve. $2.00J$
2.25 crate; beans, round green. crate
onion®, dry. ctlve, 75c bushel; Irish pota
toes, active No. 1. 80c bushel; celery, fsn :
ev. 65<e*0c bunch: peppers .active, $-.2j
cnullfi *wer. ncTlvs’>10c poniulIi lettuce,
headed. 81.30G2 drum; sweet potatoes yel*
lAtr. active CO bushel; sweet potatoes,white.
low. active CO bushel; sweet nota .
active, 50c bushel: kraut, half-barrel. W.75,
rutabaga turnips iV4c. Strawberries, 35#49c
crate.
FLOUR. GRAIN AND PROVISIONS.
FLOUH-lilghlst patent. «.W: best rjt
ent $4.49: standard patent. $4.26: half pat
ent. V 99; spring wheat patent. $5.
PORN’—Choice red cob. 69e; No. 2 whits
C4c- No 2 vellotv. C7e; mixed. 62c; old crop
choice. 66c; old crop No. 2. 64c; new Tennes
see white. 63c; crack corn, per bushel, 70<r.
**OATR—Uholce white cllpned, 60c; No. 2
xvhlte, 48o; No. 2 mixed. 47c; Texns rust
proof. 64c. Golden oats, 47c.
tlon should ho easier in a couple of weeks.
Indications point to strong bank state
ment.
Hf*! 1 *’* I*in on week's currency movement
$5.6Sh.60j. Return of money from othc
IhjIiiIh still dlwippolntlngly small.
«hoi
•ent.
Net earnings of Amalgamat'd Copper for
the fiscal year ended April 30, 1907, will ex-
Indiistrlala advanced .78 per cent.
Twenty active railroads advanced .08 per
cent.
New York Financial Bureau: A hull tip
I* rejmrted on Hineltlng, in which a large
shortage exists *
Union Pacific displays a stronger upward
United States
trend.
We continue bullish
Steel.
Reading Is held nt present between 137
and 141 with accumulation reported.
LARD-
Dec„ 8.90
Jan... 8.90
May.. 9.06
H'lDEH-
Jnn... 8.73
May.. 8.83
9.06
9.05
9.17*4
8.904
8.95
9.06
9.06
9.05
9.17V4
8.65
8.80
8.90
8.70
8.8N4
8.97^4
No. 2 re«l 75 nominal: No. 3 do Ttfil74:
No. 2 linrd winter 73Ytfr75V4; No. 3 do 71
J. J. BARNES-FAIN CO.
PRODUCE LETTER.
• I s .
West Texas—Fair and colder Satur«tay:|
Funilsy fair. I
ALONZO RICHARkidON & CO.®
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone. Main 8sl
ATLANTA. GEORGIA.
T Indicate* trace of rntn or snow.
J. II. MAURURY.
K«*ctlou Director.
THE COFFEE MARKET.
following rtgur®»« give the np®»u!ng
and clow in the New oYrk coffee
Range.
January S.fiRA.v*
February 5.73-5.H»
March 6.!**
April 5J6-4.00
May 6.1»
5.9045.00
4.WV6.06
6.10-6.15
July
а. ?»4?.*25
б. 25-6.35
W.4»
October
N«»vemb«-r
|>ce®nnb**r
Clowi steady.
6.464.55
6.3)6©)
6.WW.70
9-6 56
Atlanta, December 22.—During the
past week the holiday trade has been
very active. The demand for oranges
has been especially so, owing to the
Inability of the railroad companies to
furnish equipment enough to move the
fruit for the Christmas rush, and con
sequently what few cars that have ar
rived have met with ready sale nt ad
vanced prices. Some of the Jobbers
had contracted withe the trade to fur
nish them with the oranges they would
need for Chrlstmaa at $2.25 per box,
nnd have had to pay as high as $2.50
In order to fill contracts.
Grapefruit and tangerines did not
fare as well as oranges. There was
not so much demand for them, and
prices showed no advance, except for
fancy grades.
Pineapples are not moving with
much activity, and receipts are ample
to till all requirements at low prices.
Pananfis are exceptionally scarce
and quality of fruit poor, but the trade
Is paying high prices for all this fruit,
owing to the heavy demand at this
season of the year.
Apples are more nlentiful, and tl\e
quality of the fruit is better than we
have had for year*, and for this reason
are moving readily at moderate prices.
Florida vegetable receipts are very
light and nre meeting with ready sale
at high prices.
Strictly fresh eggs are scarte, and
are only obtainable In small quantities.
What few that are arriving are bring
ing from 30c to 31c.
Turkeys are not so cheap ns we heard
they would be last week, as anything
like select stock Is bringing 18c per
pound. However, this price Is not too
high to prevent the majority of people
who wish turkeys from buying.
St. Paul should be bought for turns on
all soft spots.
‘Canadian Pacific is tipped to cross 200 be
fore Christmas.
We are still bullish on Copper nnd Ana
conda. which nre exceptionally well bought
ut this time.
A. WO *ho 83 check .lock In Brooklyn
llnplrt Trim tat la removed It trill bnve n
•imrn r.e.belnit taken hy hi* hounei.
Rnllwny* * |lpe< ' ,or * rl *® : 1,1110 bbuthern
Pennsylvania and Ixmlsrlll, and Nash-
T I® »ro bought for Important account on
all recessions.
STOCKS REVIEWED
BY NEW YORK SUN
New York, Dec. 22,-Thc Mun My,: The
.lock market wore u somewhat more'ebeer-
' yesterday, nlthouxh the trolling
fill fac t(iw
was dull and the moderate advance* In val
ue* that occurred were accomplished In
slow nnd desultory niauner. There
particular features of the day’s transac
tion*. The Great Northern Ore certificates
were especially strong, nnd the rise In the
Peoples Gas shares that has been going on
. fortnight wns continue®!. A strong
Short*, white. $1.50: medium. $L40; brown.
11.96; pure bran. $1.25; mixed brand. $1.15.
HAY—Timothy, choice large bales. $1.25:
do., cnolee emnlL bales,^$1.25; rto., No. 1
.is. Choice Bermuda. <*«:.
RYE—Georgia, $l.u0; Tennessee, 90c. Bar-
le^. 96t
.'he aiHiTe prices nre f. o. b. Atlanta.
PRO VIS IONH—Supreme bams. lie. Dote
ham*. 15c. California hams. $9.00. Dry saR
extra ribs. $9: bellies, 20.25 pounds. 10.25: fat
FISH.
Bream. WWc pound; snapper, 10c pound;
trout, 8c noun 1; blue fish. 8c pound: pom-
PRICES MELTED
AWAY RAPIDLY
Due to the Heavy Unload
ing of Reading
Shares.
CAUSED A FAILURE
Declines in General Market
Ranged From 10 to 6
Points..
New York. Dec. 22.—Heavy unload.
In* of Reading shares for the account
of speculators who had been caught In
nn exposed position by the failure 0 f
the directors to authorize the second
dividend Increase, was the main lncl-
dent In today's market. The suspension
of a brokerage Arm was supposed to be
largely due to losses In this stock ;m ,j
the closing of commitments for the
failed Arm accounted at least in part
for the liquidation which occurred |„
the last hour of this morning's trading.
Prlc.es melted away very rapidly on the
Reading collapse and ended with small
recovery from the bottom.
Tho bank surplus Increased nearly
18400,000 In today’s statement, leav-
Ing. ns expected, a fair margin again
over legal requirements. The Increase
of 86,100,000 In cash agreed exactly
with yesterday's estimate, but that
loans should have fallen off onlv J48j.
000 In a week of such heavy specula-
live liquidation wns a great disap
pointment. The only possible explan,
atlon was that withdrawal of credits
by trust companies and out-of-town
Institutions anxious to make a stron*
showing at the end of the year had
operated as a considerable off-.et to
the stock exchange decline.
The possible effect of a favorable
bank statement today upon security
prices was dispelled by nervousness oc
casioned Just previous to the publica
tion of the figures by the announce
ment of the suspension of Arnold, Leo
H Co., a stock exchange commission
house. In consequence of the failure
declines In the general market were
sustained, ranging from 10 to 8 points.
Just previous to the close there wore
recoveries from extreme low- figures
extending to a point or more. The
market closed weak with most stocks
at or near the lowest figures of the day.
Government bonds unchanged. Other
bonds lower.
NEW YORK BANK STATEMENT.
The weekly statement of the New Vort
Il.uk Association show, tho following
ohnnnx! *
Naw
GROCERIES.
BUGAR—Standard grnnniated, $8.10.
fork refined, 4%e® plantation, Ic.
COFFEE—Roasted Arbucklt'e, $16 JO; balk
In bags or barrels. 1341c; green 11© 12c.
RICE—Carolina, 4V407V4C. according to the
grade.
CHKFSE— Fancy full cream dairy, lBVAc:
twins. 15c.
Shredded hlsrntt. $5 case: No. 2 rolled
onts, $3 case. Hack grit*. ‘ 92-nound hags,
$1.65. Oyster*, full weight, $1.75 case; light
weight, $1.10 case. Eviroorated apples f&c
pound. Pepper, 18c. Baking powders, $5
case. Red salmon. $5 cnee.* Pink salmon
84.35 case. Cocoa, 39c; chocolate 35c; ennff,
1-pound Jars, 48c. Roaat beef, $1.80 caae.
Cornell t>eef, $1.30 caae. Cataup, $1.90 caae.
Blrup: New Orleans. 35c gallon; corn 28c
Soda
:, 100-pound. 16c. Axle grease. $1.75.
a crackers. 6Hc pound; lemon 7V4c; ora-
... 7c. Barrel candy, per pound, 6c; mix
ed. per pound. 6J4e. Tomatoea, 2-pound,
11.90 caae; S-pound, $125. Navy beans, $2;
f.fina Iteana, 5^c. Beat matches, per gross.
$1.65. Macaroni. 61407c per pound. "Sar
dines, mustard, $3.25 cate. Potash, $3,260
180 case. Pennut*,_5<4c. Rope, 4-ply cot
ton ISHc. 8oap. $1.6004 case.
THE LIVE STOCK MARKET.
stock during the day was. as It has been for
11 * w ‘ Htntea S'toel common,
nml there was a recurrence of stories that
an advance In the <llvhlcml rate on the
stock at the January meeting of the- dlrec-
tor* of the United States Steel Corporation
was possible. The annual report of the
Southern Pacific Company attracted no at
tention, ns being enflrefy In aeeofd’* wfth
of Its chnrneter Isaued hy the
the forecasts . w
company Inst August. As definite n cause
““ nn . y KT * . ^Prowment In sentiment
call money rate*."although''condVtiona* in
the time moner situation did not relax at
all and rate* for this cla*t of funds eon-
Untied to hold nt the highest figures wit-
Hesse®! lu recent years.— GlWrt A Clay.
THE DRY GOODS MARKET.
New Y'ork Commercial.
Activity In the wholesale dry goods mar
ket f®»r cotton goo<I* la eonfltnul to forwanl
buying, its there is practically no stock
goods f»»r s|»ot or near-by delivery. When
• he future <*on®tition of the market is «U*
cussed It ap|H-:irs to many commission mer
chants that the high prevailing itrlce* on
g-shls will be nmlntalned. but that this con
dition. tog*th«-r with th«* harder tuoucy
omlitlon*. will tend to limit forward opera-
ions ntt beavy staples. Th«‘tv I* nn Imlti-a-
Ion In the markt-t by the al»sen<-.- of buy-
th that the holiday season I* Already ill-
erting their mliol* and the out-of-town con
tingent* an* now thinking ®»f returning to
their homes for the •’brtstnms week. It Is
planned l»y men's wear agents to ®lo very
little In th®* way of opening line* from now
until the first «»f January, aa the number of
buyers In the market, Ir.steail of Increasing
»* wa* the rase last week. Is uow stetollly
llmlnUhlng The only division of the whole
sale market thnt Is expected to In* active
during the Christmas ivivk (« the jobbing
trade, where the »|»e4-fn! sales arranged for
the last f«»ur days of uext week will attract
a large uuiuIht of retailers. In the cuftlng'
up trade the huslue** f.ir the year has prac
tically been close®! ami the only new nusl-
ness now being negotiated is ®>u the nd-
vaoce spring stylet.
STENOGRAPHERS
FOR UNCLE SAM
Expert atenographera nre needed by
the interstate commerce commission
and an examlnotlon will be held In At
lanta by the civil sendee commisaton
January 2, 1907, to secure a lint of
eligible* from which five vacancies will
be filled. The salaries nre $1,500 per
annum nnd nil traveling expenses. In
order to pan* this expert examination
It will be necessary to take dictation at
the rate of from 175 to 200 words per
minute. Information can be had by ap
plying at the offices of the board in the
custom house.
Chicago, Dee. 22.—Hogs— Estimated re
ceipts todny 18,000. Market generally Be
lower: bulk $6,154)6.25; light $6^6.20; mixed
$6.06f?6.27tt; heavy $5.S0(&6.25: rough $5.80ft
5.96; pig* 85.5006.20; yorkers $6.1506,20; good
to choice heavy $6.1506.27*4.
Reserve, less United States deposit, in
crease $5,320,000.
Loans, decrease, $483,000.
Hpecle, Increase, $4,687,500.
Le gals’. Increase, $1,439,300.
Deposits, Increase, $4,587,400.
I', |iunn., IU< trine,
Circulation, decrease, $25,500.
THE LONDON 8TOCK MARKET.
.IK
Amalgamated Copper
Atchison
Baltimore and Ohio .
Chesapeake and Ohio..
V. 7. .128$ b&i
113%.....
102V10.S
Great Western
Canadian Pacific
Denver and Rio Grande
«i«, wmemtu ...
Illinois Central ....
Kansas and Texas
do, preferred
heifer* $2.3005; calves $5.5007,50; good
prime steers $6.3007.10; po®»r to medium
93.9005.25: Stockers and feeders $2.6004/*
Riianrii i®in® imimt
Sheep—Estimated receipts 1,500. Market
ready; native $3.2505.85; western $3,250
80; yearlings $5.6006.40; Iambs $4.7507.80;
western $4.7507.75.
THE 8UGAR MARKET.
New York, Dec. 22.—Refined nnd raw
sugar markets steady and unchanged. Lon
don beets steady; December apd January
unchanged.
uu, iircitiiriTU
Louisville and Nashville ..
Mexican Central
Norfolk and Western ....
Northern Pacific
New York Central
Ontario nnd Western
Pennsylvania
I'hllntlt Iphin and Reading
Bock Island
Southern Itnilwny
do, preferred
Southern Pacific
Ht. Paul
Union Pacific
United Htat«*« Steel........
do. preferred
Wabash
do, preferred
66%
17%
196 195%
43%'43%
90%
196%
131% 131%
47
139% ! 134%
29%'
32%;
94%;.
93%' 93%
187 1187
181% IMS
47741 47%
104%'104%
»%
41
SOUTHERN EXCHANGE
OldMt E.Ublt.hed Office South.
conos—STOCKS—BONDS—6NII
Oreund Floor Ooutd Bulldlnr Deity
market letter and market manual
malted on application.
NO NEGR0E8 ON JURY,
NEW TRIAL IS GRANTED.
Special to Tho Georgian.
Jackson, Miss., Dec. 22.—Joe Hill,
a negro, recently convicted nt Vicks
burg for murder, lias been given a
new trial by the supreme court, and
his appeal has Involved n very impor
tant question, which Is attracting some
attention among the legal fraternity.
Among the grounds set up by Ills at
torney, who Is a white man. Is that he
was deprived of his rights under the
constitution of the United States, In so
much as there were no negroes on the
grand Jury which Indicted him. The
case was not reversed on this point,
but on account of the trial judge re
fusing tn hear argument to quash the
Indictment on the same ground.
The universal suffrage bill passed
the upper house, Vienna, hy a large
mnjorlty. Upder this hill every Aus
trian 2® years old. domiciled In a con
stituency for at least n year, will be
entitled to vote.
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. CURRIER, President. A. E. THORNTON, Vlce-Pr.aldtnt
H. T. INMAN, Vice-President. QEO. R. DONOVAN, Cashier.
JAMES 8. FLOYD, Ati't Cashier.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
L. H. Fairchild.
L. H. FAIRCHILD & COMPANY.
3. J. Whits
NEW ORLEAN8.
-. _ Members:
V.®"; VlLl 11 ?? .V°"2. n Exchange, New York Coffee Exchange.
VeS, TS5f V o. Exchange, New Orleans Board of Trade,
Nt ' w Orleans Stock Exchange Chicago Board of Trade.
r,-. *. , LIVERPOOL COTTON ASSOCIATION.
wlre! ' ‘® NEW YORK and CHICAGO. Orders solicited r-
ture delivery, on above Exchanges. B. C. COTHRAN.
BANK CLOSING NOTICE.
Tuesday, December 25, "Christmas,”
is n legal holiday. The banks compos
ing the Atlanta Clearing House Asso
ciation will be closed for bu-'oess on
thnt day.
DARWIN G. JONES, *» m atr.
A i.irnnn -
HUBBARD BROS & CO., Sts
Atlanta Offices, 3I».«| Century Building.
Members New York Cotton Exchange, New Or-
lean. Cotton Exchange, Liverpool Cotton Asso-
ciatlon, Chicago Board of Trade, New York Cof-
fee Exchange, New York Produce Exchange.
Bu.ineu solicited for the above exchanges
Direct wire service. Correspondence invited.
Phone* 454, Long Distance 39. A.S. Huxtare Mgr.
JOS. A. M'CORD, Prer-.