Newspaper Page Text
-IIE ATLANTA GEORGIAN,
FRIDAY, DECEMBER 28, IMS.
STRONG FRIDAY
£„der Leadership .of Janu
ary Prices Scored a Sharp
Advance Early.
FRIDAY NOTICE DAY
Repored Some 80,000 Were
Issued, But Were Appar
ently Cared For.
NEWS AND GOSSIP
of the Fleecy Staple.
6-«K B.32V4
5.41 6.32
6.44 6.26
Vpk York. Dec. -
fa-about 80.000 bale, at the OL
K . rot ton market, anil hart a depreartpg
*SL, on January, which deellnrrt (joint,.
late poslttoua, however, were Brmer.
i itrong demand at once developed for
i.nimrv nevertheless, and It advanced 1!
K 5 Thl. led to the belief that the
Biro, were tielnf (topped and gave con-
{Since to the whole market.
The I.lrerpoot market at the clow Frl-
Inrwaa Irregular for option,, with price.
S'9 point, higher, n, compared with the
Srifeus dose.
Following la tho range In the acllre
tin in I.lrerpoot todur:
Peromber 5-27^
Jinan n•beh
Sbrch-Aprlt
nir-Juue .
Manera' tnklnga of apot L itton amounted
to only MOO bale,, at unchanged price,;
*At dll "he"opening In Near York, price,
•ere allghtly lower, due mainly to the
Set that today wn, notire day on January,
"he trade helug uncertain as to the nnm-
Kr I.f notice, to lie loaned, end whnt ilia-
Billon would be made of them. The ac-
Li of the Jnnnary. however, Immediately
ittir the opening, led the trade to believe
lilt nil notice, would lie well takeu care
it that month advancing sharply some 12
ulnta during the early trading, the other
SSu sympathising. It wn, reported somo
>. nntleea were Issued.
The moremeiit still continue, of enormous
tranortlous. today’, rereipt, nggregatlng
til bale,. ngaln,t tf.a» lnat year, 30,0,1
the rear licfore Olid 36,032 In 1968.
The intimated receipts for tomorrow, and
GnlTfiton anil Houston, are nlso heavy,
n« routpared with lart year, the former «•
lectlm: 10.000 to 13.000 hale*. "gainst 6,398
letnnl laat yenr. while 11.500 to lt.OM hale,
ire expected at tha latter, ngnlust 10,664
9nv York Commercial.
_A"“'“ber.uf flrm, will give up their art-
vote wire, the drst of tho year.
• real effort la uinde to corner Jan-
nary there will lie more than 300,000 bale,
’S.ISV’S at "*** month," said one
well-posted broker.
A number of local broken are nald to
Big export railroad, are anld to be making
every effort to get cotton through to the
Phil 1 ?' ii aui1 relieve the congeatlou along
rjelr line. In the Interior. If true, thin
would mean n roiitlnuntlon of the south-
^ r„?edTsr,,;i;^y b rA,r^
915,000; aplnnera' stocks. American, tteptem
her 1, aa ;ier I ulted slate, ccnans, 6.5,000;
atoeka, September 1, 800,010;
llntera, 300,000; anmplea and repack,. 150.000:
total anppiy, 13,829,000; to which each tuny
add hja own views aa to the amount to be
f!?.”? 1 « ft « r December 13, but In nil proba
bility there win lie ginned hereafter n min
imum of 1,500,000 bales, ao we will probably
lS^.OOo’haTea ' he ' V ° rtd ' W * fmr h ‘”‘
When the present method of inspecting
and certificating cotton In New York was
„ . , eatabllahoil ft wna thought that It would
'Notice, were ,lMU«d/| correct certain nbnaea which threatened the
market itaelf. The ayatem did eorrect thn
abuses, and while there la no dlni>ualtlo
claim thnt It la perfection Itaelf, It mu.i
be admitted that n vaat amount of cotton
hna been handled uuder thin ayatem with
very little friction, and very little com
plaint. Few people have ever ntopped to
nguro Jnat how much cotton haa ever been
certificated nt New York, hut the record,
allow- thnt the total up to the beginning of
the prcacut aenaou wna 3.401,776 bale,, and
these flgurea do not Include recertification,.
-In tm* pxieiri UIT1.IUU
r ..u market the yenr la rloslng very
oetetlv. The pnat week hna aeen almost
in entire absence of order,, and tho bun-
put thtnugh hnn lieen the amnlleal
to Severn I week,. Ked Ben merchant, have
tent forward nnmeroui Inquiries, hut the
iters which they mnko are go tnurb be-
ins- prevailing price. In thla market that
cotton coeds broken have tieen unable to
inept the leialneaa. The dellverior. want-
el are nlso more thau the mill, can
Mkr even nt full prlcea. and title Iota
keen another aerlou, drawback to an nc-
Hr- ilemand. . .
-Prices as the year cloaca are remark-
iMy stltr. anil notwlthatamllng the fnct
tin 'hlua hna lieen practically nbaent
faun the market during the post year the
(meant of bualneaa being put through
with ether eonntrlea hna fully made
■I, for the absence of Chinn order,. Cou-
(ervutlve membera of the trade atnto that
bail china been na heavy a buyer oa won
the ease a year ago, price, would bare
l*cn ronaiderably ldgher than .they nrn
lew. and the market entirely rlenuetl up
el nil gooils. South American trade la
fitilet ns the year cloaes, while the do-
nfln.l (rent the Wcat India lalonda ahowa
little Improvement over that reported for
the week previous.
“Advlrea recelrrd from Chinn continue to
apeuk of purchaaea being made In, that
unrket of Amcrlcun cotton goods for ac-
aiuit ef India, ns the good, still remain
Ih'-sper there, and con bo hail much inure
tnleklv 111ii u ts the ease In till, market,
aids a few export merchant, look for a
teilvn! of Chinn demand late In January
« rnrlv In Febraary. They abitv that
gasls have been going np country to a
hr larxrr extent than la renllsad. unit
tkil the stock, held In the China market,
«e now much smaller than I, realized
8POT COTTON MARKET.
TIM: sales 6,000.
Atlanta, steady nt 10l-16e.
Jew York, steady; middling lO.ffie.
Jew Orleans, firm; middling 10 3-lOc.
_TODAY’S PORT RECEIPTS.
lw following table ahowa raeetpta at tha
ntsrlor towns today, compand with tha
*■“ dsv last year:
The flgurea by seasons
Henson. Bales.
1887- 88 294,2U
1888- 89 228,774
1889- 96. 161,927
1890- 91 144.703
1891- 92 267,687
189*93 114,467
1893- 84 97,861
1894- 95 66,988
1895- 96 66,884
1896- 97 210,072
ffeaaon. Bnlea.
1897- 98 63,676
1898- 99. 128 069
1*9-00 72.170
1900-01 217,862
1*1-02 180.796
1902- 03. 399.068
1903- 04. 202,627
1904- 06 223,765
269,290
VIEWS ON MARKET;
OUTLOOK IS MIXED
Wnll Street Summary.
Tho professional element In bearish on thn
holler thnt before the week 1* over call
inouey will advnuec to abnormally high
rate*. Borne conservative Interests which
believe thnt early next yenr the stork mar
ket will l>e very much better nro Inclined
to go slow ns to new commltinentn for the
remaining dnys of the old year. Other In
terests believe thnt the decline which haa
been In progre -- *— * *
over nnd that
dent thnt the benr nttneks ou
he carried much further. It Is understood
that Interests which lmve been extremelr
active In Heading during reeent big bull
campaigns In that security have told their
friends thnt tho stock Is n purchase at
about present prices, nnd Is likely to have
- —u—-* -■ * mneed ns
— ... .. the opin
ion of some of tho largest Interests In the
market that tho tone for tho next four or
five days will be more or loss feverish nnd
thnt the price movements will In* charac
terized by considerable Irregulnrlty. Ou
nil weak «i»ots there Is good reason for bo-
liering thnt tho stnudnrd stocks will be
treraely well bought.
It Is expected thnt the sudden litigation
..gnInst the proposed Issue of $60,000,030
Great Northern railway stock will have a
depressing effect u— ** '
assumed, nlso, that ..
plays special weakness
will aell off proportional.
l’Adflc Hallway Company Is a Wisconsin
coriMirntlon, nnd therefore does not come
under the Jurisdiction of the attorney-gen
eral for the state of Mlnuesotn. Speculative
Interests at this center have been fearful
thnt nil of the s^ock Issues proposed ro
omily by several of the largest Northwest
ern rail roads would be attacked through
courts of the state from whlcl) the cor
neous Involved receive their charters,
the other hand. It la known thnt the di
rectors nnd largest Interests In these cor
porations who have recommended the stock
issues nre confident tlmt ultimately they
will he able to secure legislation or litiga
tion thnt may !n» begun at the Instance of
state administration or Individuals.
Authorities !u the steel trade are predict
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-flvo
years’ experience of ed
iting markets tn Atlanta
and the South haa made
him a recognised au
thority Id his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Uoppst.
Atlantic Coast Uae. .
Americas ttagar K»f. .
Anaconda
American Locomotive. ,
do. preferred. . • .
Am. doibloag Uef. • .
do. preferred. • • .
Atchison
do. preferred. • • .
Amerlcaa Cot'on OIL .
Am. Car ICoutulry. . . .
Baltimore A Ohio. • .
Brooklyn Rapid T. . .
Canadian I’sclttc. . • .
Chicago A Nocthw'a, .
Chesapeake ft Ohio. .
Colorado Fuel ft Iron.
Central Leather. . • .
_ do. preferred. . • .
Chicago ft Great W. .
Chicago, IL ft 8t P. .
Delaware ft Hudson. .
Distiller’s Securities. .
_ do.* nreferred* ! , .
General Electric. . • .
Illinois Central. . • • . .
Am. Ice Securities. . .
Louisville ft NasbvIlM.
Mexican Central. . • .
Missouri Padfle. • • .
NAME OF STOCK.
N. Y.. Ont. ft Westarn.
National Lead
Northern I’ltciUc. • • •
New lurk Ceutral. . •
Norfolk ft Western. •
I’eunRylrunla. . . . . •
People's Gas. « . . • •
Pressed .'Steel Car. » •
do. preferred. • • •
Republic Steel. • • • •
Rock Island. . • • . •
do. preferred. • • •
United Atntcs Rubber-
cfo. preferred. . . •
Southern Pacific. • • •
bputhern Ruliway. . •
do. preferred. • • •
Teuu. Coal ft Iroa. • -
ii-Aiis ft i’aclflc
Union Pacific. • • • • •
Lulled States .Steel. .
do. preferred.
Western Union. . «
Wabash
do. preferred.
w
NEW YORK.
bee. . ..
Jan, . . .
Feb. . ,
March. .
April. . .
May.. . .
August..
Closed'
iliik
Hr in.
jsm
9.27-K
9.44-46
9.58-59
■ •
9.7*5-77
9.81-83
9.8647
9.78-791
9.03-04
9.21-23
9.S-36
9.46-47
9.66- 56
9.6J-62
9.45-66
9.66- 5?
LrtrERPOOL.
The following gives the opening range
and close, compared with yesterday.
Futures opened doll.
December
Dec.-Jan.
Jan.-Feb.
Range. 2 p. m.
gw =
Close. Close.
5.47 6,34%
5.43% 5.34
5.42% 6.34
Mar.-Anrll
Anrll-May
Msy-Juuo
June-July
July-Aug
Aug.-Hept.
* .5.32 4.88 !!.!
..6.334.38* .*.*.*.*
V&m"4.40*' e\\’.*
V-
B
5.43
6.43
6.37
6.34
5.37
6.88
6.88%
6.33%
Closed Irregular.
NEW ORLEANS.
bee. .
Jan. . .
Feb. . .
March.
April. .
May.. .
Closed steady.
9.84110.061 9.84
9.97l 10.1« *9.96
10.08 *10.26 ibl08
io*28 |iiL4o|ia24
11
II
TO
9.81-82
9.8S-84
9.88-89
9.93-94
10.00-01
10.04-06
10.14-16
ATLANTA MARKETS
FRUITS AND PRODUCE.
BGGB—Candled, active, 28c.
LIVE POULTRY-Hens, active, 22H1T3S
each: chickens_ plentiful, lW5c each;
ducks. Pekin. ,Kc e»chs puddle, 2«O30c
each; geese, full feathered, 46c each; tu^
active, 10ei2Vtc pound
active. 17$>18e pc
tlve, 13c pound; —. .
c pound: frlea, active, 15c pound,
PltODUCE-rT<
, leys, undrawn,
ound; hens, undrawn, oc-
ducks, undrawn, fancy,
_ -ctlve, 16c pound.
Tennessee ribs and bones. 8c:
Tennesseo sausage. 9c; lard, 10c lb.; bams
octlve, 14c lb.; shoulders active, Ktelb
active, 10c lb.; batter active, 16022!
Ing freely thnt 1907 will In* the largest nnd
most profitable yenr In the history of the
trade. Men fn rid if nr w/fir the nffttlra of
the United Htntes Bteel Corporation exju'et
that the Deccnilier quarter will Im* highly
satisfactory, Inasmuch ns the mills have
been crowded tn their full rapacity and os
the weather conditions, on the whole, have
been favorable to the Itest results imsslble.
As the new year approaches there Is some
apprehension In the minds of speculative
Interests us to whnt the'stntc administra
tion will do to make good Its ante-election
promises with respect to the nubile utility
eorporatlons In Greater New \ork. On the
part of the Inrgest Interests In these com
panies It Is understood thnt there Is little
or iio apprehension us to what the new ad
ministration will do In the way of alleged
remedial measures.
rKtr
'.Smt Orion nt
Qtlrestoo. .
Me. . .
iwwnnnh. .
[Djrletton. .
iWllailnjttm.
Norfolk. . .
Pltitnore. .
Ronton
gjd-lphia'
Bjmphla
f«»«Wl«’k
S**poft News
^/Mhur and 8a
Jotnir'
i5o5 i isos °
^m
24898
1964
5740
778
482
4293
i375
6870
KM „
Sffll |
42;
15 i
,6575 o
17M ,
1169 q
4 ?1 I
6908 i
619 «
*
7284 '
372V9 a
Tfc »nterior receipts.
J4; fouowlng table shows receipts at the
hil 1lt , ,n ' vn * today, compared with the
52!J»ny Inst year:
To*nT ——
2144
1124
1373
22077
IsTT
628
3499
3804
1633
iOMUND * CHARLES
Ku^NDOLPH cotton letter.
Deo. 28.—Urernool pxre u,
g liLfcq 1 * , * r Prtse this morning by com-
■'■b J H> n,i . Wgher, Instiunl of that
r -fj* M r V fl * l,ue * WMuljr closing Irregu-
higher. American markets actetl
9 * M>, Ung off slightly on
k Thlf 1 *’ wh, °K due to large tend-
denies rvfld,, J r taken, as the
at , l ^, w T rp enough to admit of
4 rJi. • , *?. * n Interest standpoint,
tut, Jl th ‘ |,,lrk JJ r .Advanced 20 or more
t fill in - ““inly .g°vertied y receipts.
U»i| K off ,n this partlcnli would be
. 7 a good advance In nrlces. for
. "AJas, against 49.636 lam
wn lt> to-w|grfi for the week was
t hon^ !v at last year, nl the
* market finned up on whnt
t rwl »ood Inlying, dosing steady
of 21C2, point, over jrwtw-
PUBLIC TRADING
WAS VERY LIGHT
New York, Dec. 28.—The Sun say*: "It
clique did not
gnreu rue ocar, nor did the race coat
effort to secure a change in the rules
thnt fig
Wlieu there was a ills-
ell the bulls seemed very tim
id, nnd just ns soon ns there was a dis
position to buy, the l>ears were Just weak
knefd. Today Is notice day for Jnnnary,
and tenders may hnvo some effect on the
market. It was rumored yesterday that no
tices would he Issued ou 30,000 or 40,000
bales hut It Is not probable that notices
will Im Issued on as much cotton ns this
on the first notice dar, ns holders will
imtiiral!” want to see who Is taking up the
cottou nnd how eager they nre before turn
ing looso whnt they nia* hold.”
New Orleans, Dec. 28.—Tin* Tlmes-Dem-
oernt wiys: "Aside from nil other possi
ble Influences, the over Christmas decline
was logical, because of the general spec
ulative apathy. Behind all this, n monster
movement, even though a record-breaking
portion of it is sold and being hurried to
I vs, 10c lb.; sides
*s. 16eS3tte lb.s
beeswax, sctlve. 26c pound; honey, bright,
active, 8e pound: honey In 1-ponnd blocks,
active, 12c *
an; noney in i-poann uiwsr,
•' pound; chestnuts active, $3.00
bushel’; dried apples. 6c pound; whits peas
active. 82.60 bushel; lady pets, 83.00; stock.
81.40111.50.
GAME—Quail, setivs, 15c etch; doves, tc-
tlve, 6c each; ducks, mallard, active, 40c
each; ducks mixed, active, 28c each;
wild turkeys, active, l«c pound; rabbits,
tlve, 124c each; squirrels, active, 10c each;
opossum, dressed, active, 11c pound; opc»-
,n FRllS%J£emons, fSncy Messena, HfJO
w.. arrival,' per i>ox. 82.00C2.25. Apjd»£«
choice Beu iM'vla, 83 25<i2.50; fsncy, $3.76^
New York state apples, winter varte.
ties, choice, per barrel, 83.25g4.BO; fancy,
HE
dark C.pn .
J«r.-jr«, tit.
UX lO ,|M »U(
MI UH, Florid, (took. P«r hundred.
% r-rnt,. Nut,, fsncjr mix'd, In J 1 ”*-,
nonniU. lfVWltc. Cocounnt^ ht»vj rultauB
urk of IOO?,ctlTe. ,t e.60 Melt. Fejnutslo
sack, arerx^nf lOO^undt „cb, ourluf t.
Rretl,' ctMxf, - .
-tire, 12.60 crate; ,Und,r<l om' 0 ?;
enti inxe, tKirrcl*. 2c pound,
active. B.00 cr*t«i cuctim-
nctlTe,
pound;
?l» pkyri
bore. ll.M >r«to: tom,too,, fane*.
13 U crate; tomatnM. choice, active 52.000
2^6 crate; tiemu. round ireen. Aw crate;
onion., drr, ictlv,. 75c bushel: Irish pots-
tor, active. So. J, SSfiDOc bushel: celery,
fancy, 7D«8Sc bunch: peppers, uetree.iW.a
Crate: skra. ,lx ftsskets. sms It. 0.50 cr.ts,
csullliower, netlvt, 1010c pound: lettuce,
"Flour, grain an?. lyovMsioNS.
COllN—ren coo, wr, no, • wun^
,4o- No. 2 yellow, 57c: mtxml, «2c; old crop
c-bolce, 66e: old crop So. i. Me: new Tentjes-
lice white, 63c; crack corn, per bushel, 70c.
OAlN^Cbolce white dinned, 50c; So. 2
white. «c: So. 2 mixed, 47c; Tex,« rust-
- 54c. Golden outs, 47c.
OPENED HIGHER;
LOST ADVANCE
Heavy Selling by Profes
sional Bears Caused the
Decline.
Chicago, Dec. 28.—Clearance, for the
week a, shoxvn below were small both
of wheat and corn, and prlcea suf
fered In consequence. Wheat cloaad
3-8’(f5-Re lower. Corn waa oft l-8i&>
l-4c; oats were t-8c oft to 1-8 up; pro
visions were 577200 lower.
Receipts of wheat at primary mar
kets 818,000 bushels, and corn 1,025,000
bushels, compared with 925,000 and
970,000 bushels respectively a year ago.
Clearances for the day 226,000 bush
els xvhsat, 620,000 bushels corn and 100
bushels oats.
Clearances for the week 2,406,000
bushels wheat and 1,060,000 bushels
com. against 3,448,000 and 4,607,000
bushels a year ago.
Cash sates were 115,000 bushels of
wheat. 111,000 bushels com and 160,-
000 bushels oats at Chicago; tlve
loads wheat, two loads corn and 15,000
bushels oats nt the seaboard.
CHICAGO GRAIN MARKET
(Quotations furnished by Southern Exchange)
CUIcago grain and provision quotations
for today follow: _
Previous
High. Low. Close. Close.
day The "bogle” of actual tenders seems
to have miscarried, as It always does when
the difference between the spot mouth and
the forward delivery widens, as It has, to
more than the carrying charges. Then- can
be little doubt thnt Ibe prompt alopplug
of January noitees on an advancing mar
ket hn* left a considerable short Interest
In tho near poeltlons. Tti-re v as nothing
lu the news to discourage bullish ej|H-<-
tattoos. Spot people say that at the pres
ent time cotton can not be purchased In
the Interior and shipped to Sew York for
.lellrerv on eoo'reits without showing -
materiel Iom. Spots marked np 10 poln
to 10.66c.—Herbert II. Brown, Manager
the apluuer. I, constantly developing lienr-
Ish sentiment, while tight nioney soil lu-
vMtmetit complications nre far front being
reassuring factors In the cotton market.
On the other hand, stanch friends of the
stanle ore apparently unshaken in the Is*.
fleY that once railroad congestion shall
have been eliminated and the contracted for
cotton moved Into tho hand, of the float
purchaser, the movement will fall ojf rad-
U-ONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA.
li IB Choice Bermuda, we. _
*' UYE-Oeorgt*. »-00; TsnnsMee, 10c. Bar-
'^’’he’aoove price, (ts f. o. b. Atlanta
I’ltoVISIONS—floprem, h»ma lie. Don
bam,, 15c. California ham,, 1100. Dry salt
extra rib,. 0.0714. hellie,. 20.25je>nnda, 10.26;
fit hack,. 8.00; plate* 8.00; Supreme Uni,
10,3714; Snow Drifyernnjwnnd, 8.60.
Bream. «07e pound; ,'napner, 10c pound;
trout, 8e poun 1: blue fl,h, fc pound: pom-
nine. 26e pound, mtekerel «e pound, mix
id flihroc pound; fresh wtssr front, seioe
^uSdTbarW^e: nmh .had, 25f,30c.
CIIBFSB—Fancy fall cream dairy, 2IV4c:
"shraddwi blMutt IS enifl-.Na I rolled
mi. |3 case. Sack grits, J2-pound bags.
H 45 Oyster,, full weight. 81.75 caw; light
weight 81.10 e,M. Hvsporeted apple, flic
pound. I"epper. 18c. Baking Powdere. 15
case. Bed ralrnon^ rain. Ping salmon
14.33 can. Cocoa, *e; ehomUt, »e; anu(,
rponn I Jar,. «& Roost href. 81» ran.
beef. 81.30 can. Catnip, |U0 can.
New Orleans. 85c gallon; com 25e
‘ ~ OoofflU cs n, J5e.
E - n; Cuba J6c gallon; O.
100-pound. 50e. Agli
cracker,. M4c pound;
81*0 ran; 3-|
l.lma bean,.
J 1.65. Maearoui, ew
tara. mustard, 83.S
510 raw. Peanut,,
ton 11140. Soap. 21.1
Vmfx*:
K ind.
82;
froAft
...... _ cooi>lati*nt attltudi* In oba«>rvlnic th»*
ChrUtmas and tb« New Y«*ar'a bolldaya Is
reflected In fewer foreign Inquiries and
the fact tlutt nt the moment the lietter
G ile fermion la aomewhat leas keen has
the partial effect sentimentaUsta have
been looking for. However, cotton on Its
merits will probably lie heard from In
an unnilataiutlde manner once the world
fain dona Its trading clothes aud gets
own to business. In the interim, the game
rill douhtiesly continue stupidly dull and
quite uninteresting. Meanwhile, the ef
forts of certain members of the New York
ert on the world's eotton price parity.”—
Moutbern Exchange.
Open.
WHEAT—
Dee 74%
■"few
41
r
Dec
Mhy
July i
OAT8-
Dec 34% 3<",
May 86V4 3^
POHK-
Jnn.. 16.17H 16.17V4
May.. 16.76 16.77®
LARD—
Jan... 0.25 0.25
May... 0.4244 0.4244
SIDES-
Jun... 8.60 8.6744
IS $ ft
’% 77 77
ft ft
43® 41%
ft ft
THE WEATHERREPORT
LOCAL FORECAST.
WEATHER FORECAST.
Bouth Carolina—Rain tonight and possibly
Saturday; warmer.
Alabama—Rain tonight nnd fihtnrday, ex
cept fair Saturday lu southwest portion.
WEATHER CONDITIONS*
Unsettled weather conditions prevail over
the greater portion of the country cost of
the Mississippi, where precipitation h ~
been general lu the last 24 hours. Knln w
falling this morning In portlous of Alabnn
Georgia. Tenneaaee and the Ohio valley.
Tho area of high pressure In the southeast
Is gradually decreasing lu energy as It
moves seaward. In the interior of the
country tho pressure Is unequally dis
tributed. The lowest pressure la over north
oru Montana and northern Michigan.
The tetnpsrnture hna risen at most stn-
colder.
The conditions favor rain In this section
tonight nnd probably Hnturday.
Minimum and Maximum Temperatures
and Rainfall.
Observations taken at 3 a. m. ( 71th merl*
ft
4444
lift
May.. 8.92% 8.95 8.87% 1.00 8.97%
CHICAGO CAR LOTS.
Wheat.
Corn. .
Oats. .
137
LIVERPOOL GRAIN MARKET.
Wheat—Opened % higher; closed % high*
»r.
Corn—Opened % higher; closed % higher.
LIVE 8T0CK MARKET.
Chicago, Dec. 28.—flogs—Estimated re
ceipts today 26,000. Market steady; bulk
86.2006.10; light boa KlOftd.30; mixed 86.10
6*35: heavy 86.9W.36; rough $5.9606.10;
pigs $6.5006.10; ynrkera $6.2006.30; good to
choice heavy $6.2508.35.
Cattle— Estlnintefl receipta 3,000. 3Iarket
strong; l»eevoa $404.90; cow* $1.3504.70;
heifers $2,4003,10: calves ft.5008.60; prime
to good steers I6.460C9O; i*oor to medium
$405.40; stockers and feeders $2.7004.65.
Kbeep—Estimated receipts 12.000, Market
weak; nunllty fair; native $3,601(5.90; west*
ern $3.5CNh6.»; yearlings $5.7500.60; la tubs
$607.90; western $507.85.
COTTON SEED OIL.
Following were the opening sad closing
prices on cotton seed oil today:
Opening. Closing.
December 42 046 **
January
February *
March j
May
Jill!
steady.*
Abilene
Amarillo. . . , .
Ashcr/Be. . , .
Atlanta
Anguata
Birmingham. . .
Illamarek. . . .
Boston
Buffalo
Charleston. . . .
Charlotte. . . .
Chicago
Cincinnati. . .
Corpus chrfatl.. ,
Davenport. . . .
Dodge Cltv. . .
Kl Paso.
Fort Hmlth. . .
Galveston. , , ,
Havre
Jacksonville. . ,
Kansas City.
Key West. . . .
Knoxville
I,*** Angeles. . ,
$lncon
Memnhla
Meridian. . . .
Miles City. . .
Mobile
Montgomery. . .
Nashville. . . .
New Orleans. ,
.New York. . . ,
Norfolk
North I'latte. . .
Ouuihn
Palestine. . , ,
Plttshnrg
Portlnml, Me. . ,
Portland, Ore. .
Ht. Lmls. . . .
Ht. Paul. . . , ,
Han Francisco. .
Savannah. . . .
8iM«knne. . , , ,
Tampa. . . , •
Taylor
Thomnavllle. , ,
Vicksburg. . . .
Wnshlngtor
NOTES ON GRAIN.
Pointers on Provisions.
The Chicago Record-Herald: Thero
every evideuce of a vigorous If not con
certed raid ou the provision market by
packing Interests near the close of yester
day's session. Prices were nltltudlnous
enough to tempt short selling in tiny
event, and they were nlso nt n point that
waa decidedly Inimical to legitimate pack
ing operations. The market was full of
nyramiders. ^rho have recently been enjoy
ing an unbroken period of success. The
raid was evidently designed with an Idea
of forcing this class of owners to make a
weak provision market, aud. of course, af
fect prices of hogs. The receipts of the lat
ter at western centers were such as to
give tho trade considerable anxiety. Tho
total, run yoaterday was 57.800 at all
consumption. R was,, therefore, not In a
temper to regard continued shortages In
tho hog receipts with equanimity. Buying
of May lard on declines yesterday by
brokers thnt wero thought to represent
packers gave color to the current reports
that larga sales of lard had been made
for- January shipment
"The car situation with us Is as tight ns
It has been at any time this year, aald
W. 8. Moore, of Speucer. Moore ft Co., of
Duluth, who waa ou the floor yesterday.
"There la a large umntwr of elevntors In
North Dakota that nre full
locked up. The situation
branch lines than nt points which have
comuttUug railroads. The flour demand
at Dulutn Is wretched. My Information
to us, and I would, therefore, venture no
opinion of It."
An Improved shipping demand for corn
has developed from the east. The East
ern buyers, however, wero mainly domestic
distributors. Export trade was at a stand
■till. Following are samples of the views
of export concerns nt New York: "Corn
Is offered quite freely from all over, but
It la the same old story of no demand.
Export bids are generally lower than Sat
urday. With this condition and minimum
ocaan rates. It it hard to feel bullish from
this end."
Another exporter wired: ‘-Corn la of-
.jred relatively cht^HMftH|
here, nnd
c. I. f.
fered relatively cheapest fiTyenrs*MWI
here, nnd ordinarily buyers would tnko It
In blocks, but we have no bids today “ '
The Minneapolis flour |m |
showing an Increase of
the week before, was i
said The Northwestern illlln sMHH
proofs, as wired to Logau ft Bryan. The
quantity of flour turned out was 305,730 bar
rels, ngnlust 268,926 barrels In 1905. Most
Mluueapolla mills experienced a dull trade
Inst week. Rales mnde wero usually less
than their output. Hhlpping directions ou
old orders were reported good In some
cases nnd very slow In others.
Continental cables to a local export bouse
Thete was n Winnipeg message here
clnlmlng that the evidence Is Increasing
that the Canadian- northwestern wheat
crop was underestimated, and that It I
■M0^MMM|imMfti|glfcg>ushels.
dly. There
, Will be sc*
lays The North-
ulllrr's cable from Argentina.
..... supply changes compared with Inst
week show Increases of 691.000 bushels of
wheat, 84,000 bushels of corn, 728.000 bush
els of oats, 101,000 bushels of rye and a
decrease of 709,000 bushels of barley. Ths
visible now includes 43,838,000 busuels of
wheat, 4.605.000 bushels of corn, 12,987,0801
bushels of oats, 1.896,000 bushels of rye and
3.484.000 bushels of Irnrtcy.
Local public elevator stocks of all grades
of grain, compared with last week, show
Increases of 489,000 bushels of wheat. 144,*
OOO bushels of corn. 1.000 bushels of rye
nnd a decrease of 22.000 bushels of oats.
Totals now nre 9,538,000 bushel a of wheat.
438.000 'indicia of corn, 1,574,000 bushels or
oats nnd 533,000 bushels of rye.'
J. n. M A It HURT,
faction Director.
February ...
March
April .......
May
Juiw
July
August
September 1,
COFFEE MARKET.
Opening
Range. Close.
6.55-6.60 6.60-6.60
5.0L6.6S 5.08-6.85
5.70-6.75 5.70-6.73
5,734.80 i. 75-5.80
6.804.86 d.8S-5.90
8.004.CS ft 00-6.05
8.204.25 ft 204.26
ft 304.35 8.304.35
6.358.40 6.354.40
SOUTHERN EXCHANGE
Oldaat Eatabllthed Office South.
COTTOK STOWS BONOS GRAIN
Oround Floor Gould Building Dally
market letter and market man uni
mailed on application.
*• k- aUtutom V. P. Tonus C. Erwin, tut Cashier.
Joseph A. McCord, Crider. R. wTSyera. AaaL Cutter.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
. . $200,000,00.
. . $300,000.00.
DIRECTORS!
RIO GLUTTED WITH
COFFEE FOR EXPORT
Special Correspondence to The New York
Commercial: Rio DeJanelro, Dec. 3.—In
spite of all efforts to curtail deliveries of
coffee lu Santos, nearly 1,700.000 bnge were
brought down In November. The Hno 1‘nulo
railway station nt Santos had nt oun time
Inst month In store nearly 250,000 bags, of
which 22,000 were paying demurrage,
much greater number was liable for
payment, which, according to tho rei
flout of the railway, can lie charged i
a delay of forty*elght hours, hut the time
lies lieen extended to meet the extraordi
nary circumstance* of the situation. Cof
fee lias been delivered dally after 4:9)
'itforms to those*
cart away lui-
The crop for Sao I'aulO alone Is uow
.ilculnted at 17,000,000 bags, slid the uext
rop at 8,000,000, or say 25,000,000 for the
two seasons. In Ulo the estimate of 3,-
500,000 for the mrrept season inny not lie
exceeded, but next season 5,000,000 will prob
ably lie delivered.
It Is reported that a loan of 14,000,000 or
C$,000,000 for valorization has jjow lieen
arranged, ninl that this will receive the
Indorsement of the government of the
union. The surtnx of three francs wna due
for collection In Cantos on December 1. lint
some 88.000 bogs shipped on that day were
dispatched the day liefore and did not pay
the tax.
Coffe<v from Sao Paulo shipped at Rio
Is nlso liable for the tax, but no an
nouncement has yet been made regarding
some arrange
pnted point.
The market In Santos today Is quite
wllllug to sell coffee to the government to
any extent, but whether 42,000 hags re-
iMirted ns sold on December 1 were nil
iMiught by the government la not yet
known here.
The conversion bill has now passed the
senate and linn been returned to congress
for Indorsement of the amendments. Pala
tial premises op Central avenue are await
ing occupation, slid gold Is on Ita way
out to fill the strong rooms. Tho scheme
Is much altered since first proposed, and
one change unfortunately seems to leave
an openlug for speculation.
OFTI
ON THE BEAR SIDE
After a Strong Opening the
Stock Market Became
Irregular.
DECLINES FOLLOWED
Reading Prominent Feature
Rest of List Followed
Its Movement.
rNew York. Dec. 28.—The advancing ten-
drawn heavily upon the lemlable supply nnd
■MiRfd this morning by the sudden tight-
ig of mouey rates. This was a devclop-
■KJt, to be auro,«which had been fully ex
pected, both because the In-gnthering of
funds for the year-end settlements lmd
drawn hesvllv upo nthe lendsble supply nml
because stock rxchMMftgmMMgHM4|
need of tho nioney i
throe-day period rui.
the week. But the i
■Itlon to feel sensitive, even aitnougn
denlng of money rates bod lieen nntict-
i*d. The short Interest had Imeu reduced
Pllalderably by the rise of the previous
days, and many speculators who hsd bought
merely for a small turn were waiting to
take profits,
Prices, nftei
first hour, broke ns
was marked up to 1
stocks, Ht. Paul and
I the readiest to yield, while Reading aim
the Steel shares showed the l>est resistance.
Acuities are over.
After a strong opening the stock market
became somewhat Irregular with the bulk
of the tradera arrayed ou the bear aide and
some renewed liquidation of speculative ac
counts consequent upon the closing of the
year that caused recessions from the high
est range In the first few minutes. Heading,
which was again the most prominent fea- i
ture. waa bought on a large scale.
Price movements In the rest of the list j
followed those of Readlug, early, gains bit
ing .succeeded by a general reaction In I
which a number of Issues fell below jester- I
day's closing figures.
Government bouds are unchanged. Other i
bonds are steady.
New 1 ork. Dec. 28.—Time loans flrm: six
ty days, ninety dnys and six mouths f
_.. (man
sixty days' bills.
Commercial bills 807-
Bar sliver 69%c.
LONDON 8T0CK MARKET.
(Quotations fumlahcd by Southern Exchange)
|Opn|
Amalgamated Copper ...
Atchison
Baltimore and Ohio
Chesapeake and Ohio ..
Great Western
Canadian Pacific
Erie
do. preferred
Illinois Central
Kansas nnd Texas
do, preferred ........
Louisville and Nashville
New York Central .......
Ontario and Western ...
Pennsylvania
Philadelphia and Reading ...
Southern Pacific
Ht. Paul
Union Pacific
do. preferred
United States Steel
do. preferred
do, preferred
80UTHERN EXCHANGE »
GRAIN LETTER
Chicago, Dec. 28.—Wheat showed s flrm
undertone nnd worked altont %c higher.
There was a large decrenseln European via- 1
the weather being milder. The receipts u.
Chlcago were good. There was not much
demand, and prices gained alowly,
Oats were more active nnd quite strong;
regaining much of the loss following the
government report. The statement off the
Cincinnati Price Current that tho crop this
8TOCK8 AND BONOS.
Qeonria Railroad Is
Ifti&fteft:::;::::::::::;
Atlanta $s, 1911
Atlanta 4%s. 1922
Atlanta ft West Point
Atlanta ft W. P. debentures..
C. R. C. 1st Income......
C. It. C. 2d Income
C. It. C. 3d income
Georgia Hall road
Bid. Asked.
IF
£
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.
N.w York.
Baltimore.
Boston. Chicago.
Atlanta. New Orleana.
Washington.
San Francisco.
Philadelphia.
London.
The American Audit Company
100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A, Prea. G. E. MANWARING, Vice Prea.
THEO COCHEU, Jr., Secretary.
Tho American Audit Company, chartered under the lawe of New York
la empowered to examine the affairs of. and make reports upon the llnan'
elal condition ot private and public concerns for directors, officers and In
dividuals. The preparation and Installing of systems a specialty.
ATLANTA BRANCH. 101S-101*-1017-101S FOURTH NAT L BANK BLDO.
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdlt, New York.
L. H. Fairchild. $. J. Whit,.
L. H. FAIRCHILD & COMPANY.
NEW ORLEAN8.
.. „ , „ Membar,:
New Orleans Cotton Exchange, New York Coffee Exchange.
New York Cotton Exchange, New Orleana Board of Trade
New Orleana Stock Exchange. Chicago Board of Trade. *
LIVERPOOL COTTON ASSOCIATION.
Private wires to NEW YORK and CHICAGO. < l> - dK-ltc.l for fu-
tura delivery, on above Exchange. B. C. COT lilt an - .