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14 JULY WHEAT SOLD DOWN TO SEVENTY CENTS Another Decline on Crop Prospects and Incessant Pounding by Short Sellers. WHEAT ON FAIR EXPORT BASIS Market Turned Firmer at the Clone Recovering? in Part—Gen eral \ew«. Minneapolis Chamber of Commerce, June 7. —Wheat had another break to-day, July going to 70% c and September to 68%e. It was a repetition of yesterday's combination of be lated liquidation and heavy short selling. At the start the market was firm and the open ing both here and in Chicago was a shade higher. This early strength was based on the Liverpool cables, which were relatively firm against our decline, and upon severe weather In the northwest. Minneapolis July made a gain to 71% c, but at this point the strength was lost and the break followed. It seemed in order to pound the market and on every attempt at a rally free offering devel oped, a good part of it from short sellers. Chicago led some of the weak turns. The encouraging feature lay in the fact that the break carried the price again to a good ex port basis and Inquiry was reported springing up. There were killing frosts last night in the vicinity of Bismarck, heavy frosts at Huron and a light touch at Moorhead. Kansas wired that dry weather is still prevailing in places, and a good many bad reports are coming. Snow had out a bearish report on the gen eral situation, lie says that the losses of 10 points in Missouri, of S points in Kansas and 6 in Illinois have been offset by gains of 6 points in Tennessee, 5 In Ohio and 2 eacn in Michigan and California. The general con dition of winter wheat June 1 he makes 90.5, against 91.5 on May 1. On the 28,410,000 acres of winter wheat, as estimated, this condition would llguiv out for a crop of 450,000,'J00 bushels. As to spring -wheat, Snow cays cou ditiens based upon returns in hand before the late rains indicate 96.3 as the average, and on the estimate of 19,610,000 for spring wheat acreage, or 2,000,000 acres more than last year, the figures would be for 335,000,000 bushels spring wheat. This makes his esti mate of the total yield, according to calcula tions based on conditions June 1, 785,000,000 bushels. Liverpool closed %@%c lower. Budapest was %c off and Berlin %c lower. Paris closed 25 to 40 centimes lower. For the week Argentine shipped 1,032,000 bushels, against 624,000 bushels last week, and 1,224,000 bushels a year ago. Primary receipts were 640,000 bushels, against 661,000 bushels last year; shipments, 264,000 bushels, against 886,000 bushels. Clear ances wheat and flour, 457,000 bushels; corn, 390,000 bushels. Minneapolis received 315 cars and Duluth 26, against 812 and 138 last year. Bradstreet's figures for the week's exports of wheat and flour stow 6,644,000 bushels, against 4,139,000 bushels last week and 4,230, --000 bushels a year ago. Kansas City wired that cash demand there was very active. New York reported 63 loads for export. July wheat sold to 70c Just before the close. July closed firmer at the end, reacting to 70%@70%c; September, 68% c; June wheat, 70% c. Cash wheat sold well all through. No. 1 northern held around %c over July for good lots. On the No. 2 northern grade there was a little wider difference. No. 3 wheat sold from 65c to 68c. Rejected and no grade were tn good demand on a range of 59c to 830. THE CASH TRADE Flax Firmer—Flour Steady—Corn Ac tive—Oats Weak and Lower. FLAX—The market was firm and a little higher this morning, some choice rejected celling up to $1.6»>. Other rejected of ordinary quality brought $1.63. Minneapolis received < cars, against 2 last year. Duluth had 3 cars. Closing prices were: Minneapolis, cash, $1.67; September, $1.28; Duluth, cash, $1.67; to arrive, $1.67; September, $1.30; October, $1.28. FLOUR—The market is very quiet. First patents are quoted $3.90@4; second patents, $3.70@3.50; first clears, $2.70@2.80; second clears, $2.06@2.15. Shipments, 46,607 brls. MILLSTUFFS — Bran in bulk is quoted at $11.50@11.75; shorts, $11.50@11.75; flour middlings, $12.75@13; red dog in 140-lb sacks, $14.75@15; feed in 200-lb sacks $1 per ton additional; in 100-lb sacks, $1.50 per ton additional. Shipments, 1,682 tons. FEED AND MEAL—The market is a shade easier. Coarse corn meal and cracked corn Is quoted $15.25; No. 1 feed, $15.50; No. 2 feed $16; No. 3 feed, $16.50; granulated corn meal In cotton sacks, at the rate of $1.95 per bar rel. CORN—There was a fair demand around 39c lor No. 3 yellow and at 38%@39c for No. 3. Receipts, 9 cars; shipments, 30 ears. OATS—The market was active but weaker and unsettled. No. 3 white sold at 27@28c; No. 3 oats, 26%@27c. Receipts, 25 cars; ship ments, 3 cars. Some No. 3 corn sold as low as 25% c. BARLEY.—There was a very quiet market. No receipts and no shipments. Feed grades are quoted 37@41c; one car No. 4 sold at 44% c; malting grades, 42@48c. RYE—The market is firm around 49c. One car sold at 49c and one at 48% c. Receipts, 6 cars; shipments, 2 cars. HAY—Choice timothy is quoted $12.50; Min nesota upland, $11; lowa upland, 111; choice mixed, $9@10; rye straw, $s.7fi@L, Receipts. 81 tons. Fata and Call*. Two O'clock Report - Puts— wheat. 70%@70%0 bid. Calls—July wheat. 70%@71c. Curb—July wheat. 70% c bid. * ■ • • ■■■ ; . — ■ ■ Ca«h Sales Reported To-day. No. 1 northern, 7 cars — ....,.....$0.71^ No. 1 northern, 38 cars ....,....„,.., .71% No. 1 northern, 3 cars ............ .72 No. 2 northern, 21 cars ................ .69% No. 2 northern, 5 cars ...........*..»«.. .69 No. 2 northern, 8 cars ....... ««»♦...... .69% No. 2 northern, 1 car .......... .*...... .70% i No. 2 northern, 3 cars ....•......_ .70 No. 2 northern, 22 cars ........... .69% No. 3 wheat, 9 cars ................ .67 No. 3 wheat, 3 cars ...........«^..:;... .68 No. 8 wheat, 1 car ........... — »♦,.»».... .68% No. 3 wheat, 8 cars ...-..^..«.......^. 67% No. 3 wheat, 3 cars „,„.„„ .65 No. 3 wheat, 2 cars .................... .66 No. S wheat, 1 car ....►..«•*....,... .64 Rejected wheat, 1 car -'--•-;-.;'.-.;. yivTilTt Z 63 Rejected wheat, 3 cars ...... ...._^..... 64 No grade wheat, 2 cars _r. .GO No grade wheat, 1 car .................. .59 No grade wheat, 1 car _ .61 No grade wheat, 1 car .......^.«...... .63 No grade wheat, 2 cars ......._. .62 No grade wheat, 1 car ........ 64 No. 3 yellow corn, 3 cars ................ .39 No. 3 yellow corn, 1 car 39% No. 3 corn, 3 cars .. .38% No. 3 oats, 1 car ................... 27 No. 3 oats, 1 car _ .25% No. 3 oats, 1 car - ....._ 26% No. 3 white oats, 1 car ............ .26% No. 3 oats, 1 car _ 27% Rejected flax, 1 car _......... 1.66 ! Rejected flax, 1 car ...». «. , 1.63 State Grain Inspection. June 6. Inspected Wheat——Great Northern —No. 1 northern, 24; No. 2 northern, 16; No. 3, 3; rejected, 1; no grade, 10. Chicago, Milwaukee & St. Paul—No. 1 , northern, 25; No. 2 northern, 33; No. 3, 7; rejected, 3; no grade, 6. ■ ■■•-.,'■ Minneapolis & St. Louis—No. 1 northern, 15; rejected, 2; no grade, 1. . ' Soo Line—No. 1 northern, 1; No. 2 northern 2; No. i 3, »; rejected,. 1. .' Northern Pacific—No. 2 northern, 2; No 3 2; rejected" 2. ' Chicago, St. Paul, Minneapolis & Omaha- No. 1 northern, 28; No. 2 northern, 21; No 3 3; no grade, 3. : - ' Chicago Great Western—No. 2 northern '1 Minnesota Transfer—Rejected, 1. * Total—No. 1 northern, 93; No. 2 northern" 75; No. 3, 24; rejected, 10; no grade, 20. Other - Grains—Cars— 3 winter wheat 35; No. 3 yellow corn, 1; No. 3 corn, 9; No 4 corn, 1; No. 3 white oats, 8: No. 3 oats 13- No. 2 rye, 2; No. 3 rye, 1; No. 4 barley ■ l rejected flax, 6; no grade flax, 5. . : ' '. Cars Inspected Out—No. 1 northern wheat 22; No. 2 northern wheat, 20; No. 3 wheat 13; No. 3 yellow com, 1; No. 3 corn, 2; No. 3 Kansas Wheat Condition Low Topeka, Kan., June 7.—A crop report issued to-day by the secretary of the state board of agriculture shows the condition of wheat In the state to be 82.8, compared with as average of 99.8 last month. » . RANGE OF WHEAT PRICE IN MINNEAPOLIS . „' Open. High. Low. /To-day. • Yesterday. Year Ago. June.? $ .......... $ ........... .70% % .70% $ .70% July;. ; .71 . 71%. .70 .70%@70% ,70%@71 . .69%@70 Sept.. -.68% ... .69 .68% .68% -' .68^ : ; .70%@71 1 On Track—No. 1 hard, 72% c; No. 1 northern, 70% c; . No. 2 northern, 67*/i@6B% THE DAY'S RESULT July Wheat. Minneapolis. Chicago. Duluth. St. Louis. New Yorl Close to-day....... $ .70%@70& $ .73%-@73% I .73 $ .68% $ .79% Close yesterday ... 70%@71 .73% 73% .68% .79% white oats, 1; No. 3 oats, 34; No. 7 flax, 1; rejected flax, 6. Receipt* and Shipment*. June 6. Received—Wheat, 315 cars, 245,700 bu; corn, 6.840 bu; oats, 36,500 bu; rye, 3,250 bu; flax, 2.940 bu; flour, 455 brls; millstuffs, 193 tons; hay, 81 tons; fruit, 291,130 lbs; merchandise, 2.174.160 lbs; lumber, 19 cars; posts and pil ing, 4 cars; barrel stock, 2 cars; machinery, 264.840 lbs: coal, 084 tons; wood, 13 cords; brick. 106,000; cement, 875 brls; household goods, 60,000 lbs; ties, 4 cars; live stock, 1 car; logs, 45 cars; dressed meats, 40,000 lbs; butter. 30,550 lbs; wool, 20,00u lbs; railroad materials, 18 cars; sundries, 30 cars. Car lots. 947. Shipped—Wheat, 26 cars, 22,100 bu; corn, 2.430 bu; oats, 3,750 bu; rye, 1.540 bu; flax, 3.700 bu; flour, 46,ti07 brls; mlllstuffa, I.GS2 tons; hay, 20 tons; fruit, 20,000 lbs; merchan dise, 2.253,783 lbs; lumber, 117 cars; posts and piling, 1 car; machinery, 285,850 lbs; coal, 18 tons; wood, 12 cords;-brick, 8,000; cement, 225 brls; ties, 15 cars; linseed oil, 192,460 lbs; oil cake. 462.340 lbs; hides, pelts, etc., 40,000 lbs; sundries, 21 cars. Car lots, 790. Wheat Movement. The following are the receipts and ship ments at the principal primary wheat markets: Receipts. Shipments. Bu. Bu. New York 179,900 167,538 Philadelphia 33,070 2,400 Baltimore 57,189 39,019 Toledo 13,540 4,326 Detroit 88,517 750 St. Louis _-„ 25,000 20,000 Boston 93,32(5 71,340 Chicago 94,425 76,508 Milwaukee „ 67,500 1,500 Duluth 55,806 93,638 Minneapolis « 245,700 22,100 Kansas City 49,600 40,800 Wheat Movement by Road*. June 6. Received—Milwaukee, 65 cars; Omaha, 65; St. Louis. 66; Great Northern, 74; Northern Pacific. 9; Burlington, 7; Soo, 29. Shipped—Milwaukee, 6 cars; Omaha, 7; St. Louis. 5; Great Northern, 2; Great Western, 3; Burlington, 3. RANGE OF JULY WHEAT Qfro 1020 \\U> '■■'■\l2*> /// *H m 7/ ~ —— —-—- /^ — 'ye in.,,. /a —-—-i ~-—;—!ufl_ OTHER GRAIN MARKETS CHICAGO GRAIN Advance in Wheat Which Is Wiped Ont With Little Delay. Chicago,' June 7. —Low temperatures In the north-west with predictions of killing frosts proved conducive to marked firmness during i the early part of to-day's wheat market, but j heavy local liquidation of lines accumulated on tho recent bulge quickly wiped out the advance. July opened %n to %c . higher at I 73% c to 73% c, advanced to 74% c and fell to 73c. Argentine shipments were 1,032,000 bu, against 624,0000 last week and 1,224,000 bu a year ago. Minneapolis and Duluth reported 341 cars, against 650 last week and 450 a year ago. Local receipts were 66 cars, >20 of con- i tract grade. - ■-, r, After a further decline to 72% c, on asser- ! tions that the damage in the northwest was i of an insignificant nature, the market rallied on covering to 73%@73%c. The close was easy, %@%c lower, at 73%@73%0. ■ * Close: June, 72% c; July, 73%@73%c; Sep tember, 70%@70%c; cash No. 2 red, 74@75c; No. 8 red. 71@74c; No. 2 hard winter, 71% c; No. 3 hard winter, 70%@71c; No. 1 northern spring, 74%@75%c; No. 2 northern spring, 73%@75%c; No. 3 spring, 68<&73%c. . -■, ■--' Corn was dull and influenced largely .by wheat. July opened a shade to %@%c high er at 43% cto 43% c, rose to 43% c and reacted to 43% c. Local receipts were 330 cars, 33 of contract. grade , . - July rallied to 44c and closed steady, %@%o higher, at 43% c. .-;■ . ...- • . Close: June, 42% c; July, 43% c: September, 44% c; cash, No. 2, 42%@45c; No. 3, 41% c. ; Oats were slightly firmer. July opened un changed to %c higher at 27%0 to 27% con weather conditions, improved to 27% c and re acted to 27% c under liquidation. Local re ceipts were 201 cars. Close: June. 27% c: July, 28% c; September, ; 26% c; cash, No. 2, 28@28%c; No. 3, 28@28%c. ' The following was the range of prices: Wheat— ; July. Sept. Opening 73%@% 70% to % Highest ..;.... ...74% .70% Lowest M 72% 70% Close- . — • *: . ■■• To-day ......-..,*. 73%@% 70%@% Yesterday -.«. 73% 70%@% Year ago .«......,.., 72%@% j Corn- .■-. -.".■■• Opening ....... 43%@% 44%®^ Highest ... MM .... M 41 44%@% Lowest ». mm .. M m.».. 43% ' 44% J Close — -:-;■■-> :.'.: To-day „ 43% 44% ; Yesterday ................. 43%@% 44%<5'.% Year ago .. m . M .. WM ... 40(g>40% ........ j • ■ Oats- ~ ■ {/-■-•->-^-.: .- - ■ ' ■ ■■ / i Opening ....„._........,., 27%@% 26%@% Highest ~..~~...... 28% 26% Lowest .....h««.«..».. 27% 26% Close- To-day 28% 26% Yesterday ►.....„ 27% 26% Year ago 22% *.. Duluth Grain. Duluth, Minn., June Wheat weakened to-day. July opened %c off, at 73%e, .and declined to sales later in the session at 72% c. September was . active. It opened %c off, at 70%e, sold gradually down to 70c, hugging there and above for a time, and closed at 70 14@70%c. . October- flax : was very lively. It was early bid up -4 cents from yesterday's close of $1.28 and lost the whole advance under free offerings. For Septem ber. $1.33 was bid early.' Receipts—Wheat, 26 cars; corn, 5; oats, 2; rye, 3; flax, 30: total, 39. , Shipments—Wheat, 93.638 bu; oats, 22,706 bu; rye, 12,550 bu. . . Close—Oats, 28c; rye, to arrive, 50% c; Sep tember, 50c; ■ corn 42c; flax, cash, $1.67; Sep tember, $1.30; September northwest, $1.31; Oc tober. $1.28; to arrive, $1.67; wheat. No. 1 hard ■ cash, 76c; September,- 71% c; No. 1 northern, cash and July, 73c; to arrive, 73c; September, 70%o; No. 2 northern, 69c; No. 3. 65c. Liverpool Grain. Liverpool, June 7.—Close—Wheat unchanged to Id lower; July, 5s 10% d; September, 5s 9%d. Corn, %d to Id lower; July, 3s 10% d; September, 3s lid. Milwaukee Grain. •Milwaukee, June 7.—Flour—Steady. Wheat —iLower; No. 1 northern, 74%@75c; No. 2 northern. 72% c; July, 72%@73%c. Rye- Steady; No. 1, 53% c. Barley—Quiet; No. 2, 56c; sample, 40@54c. Oats—Steady; Xo. 2 white, 28%@29c. Kansas City Grain. Kansas City, June 7.—Close: Wheat, July. 65% c; September, 64% c: cash, No. 2 hard, 69 @70c; No. 2 red, 70@70%c. Corn, July, 40% c; September, 41% c. Cash, No. 2 mixed, 41@ 41% c. No. 2 white, 41% c. Oats, No. 2 white, 29% c. St. Louis Grain. St. Louis, June 7.—Close: Wheat, unset tled; No. 2 red, cash, 70% c; July, 68% c; Sep tember. 67%@66c; No. 2 hard, 72%@73%c. Corn, higher. No. 2, cash, 42c; July, 41%@ 41% c: September, 42% c. Oats, higher; No. 2, cash, 29c; July, 27% c; September, 26% c; No. 2 white, 31@31%c. Lead, firm; $4.32%<g 4.35. Spelter, firm; $3.82%@3.85. THE MINNEAPOLIS JOUKNAL. SAGGING IN STOCKS This Notwithstanding Sharp Ad- vances in Some. UNEASINESS AMONG SHORTS StockM Ordinarily Neglected Are Re vived by Speculative Activity. New York, June 7.—Notwithstanding sharp advances in the Tobacco stocks and one or two of the Southwesterns the market gener ally showed a sagging tendency. Declines reached about a point in Pennsylvania and St. Louis & San Francisco. Three thousand shares of American Tobacco sold at 142^ to 142, com pared with 140% last night. Continental To bacco was up iy z . The stocks were affected by the organ^ation of the new Consolidated Tobacco company to combine them. Kansas & Texas rose l\' s and Missouri Pacific a point. Sugar, after opening unchanged, ran up over a point, allowing for the dividend off. There was a somewhat abrupt uplift to prices of a few stocks, which created un easiness among the shorts and they covered heavily in the railroads and high priced specialties. Rock Island made the most ex tensive rise of 3 points, but some of the Southwesterns and Southern railroads and Coalers were more active and held smaller advances more tenaciously. Louisville im proved 2 points and Pennsylvania, Erie, On tario ft Western, St. Paul, Denver preferred, American Car, Minneapolis & St. Louis, Union Pacific, Texas Pacific and Amalgamated Cop per ruled I@l% higher Tobacco lost about all its rise, but hardened again, ard a rapid fall of 1% in Chicago & Alton was followed by a rally of 3. Union Pacific was offered freely when it crossed 110 and reacted 1%. Other stocks weakened sympathetically. Rock Island's loss reaching 2. At 11 o'clock sup port was manifest in spots, Brooklyn Transit and Metropolitan Street Railway rising 2%, but the general tendency was lower. Speculative interests shifted into various stocks which are ordinarily neglected. There were no new developments to account for the large advances some of them made. Leaders in this class were Pittsburg, Cincinnati & St. Loins, which rose 5; lowa Central preferred, 2%; Chicago & Eastern Illinois, 2%, and Standard Rope, St. Louis & San Francisco second preferred, lowa Central common, Pitts burg, C, C. & St. L. preferred, St. Louis & San Francisco common, Hocking Coal, Balti more & Ohio, and Pacific Coast, were 1@2% higher. Movements in the active stocks were narrow, but the undertone became better when Louisville sold up to 110%. American Tobacco fell off to 140 and Continental To bacco receded below the opening. Americau Snuff issues, on the other hand, advanced 1 to 3 for the preferred and common respec tively. There was some selling of Union Pacific, Atchison and United States Steel, but the general list was sluggish and indifferent American Snuff rose 7, the preferred 2% and American Linseed preferred 3%. St. Joe & Grand Island first preferred was marked up a point on the dividend declaration and Continental Tobacco rose to about 121. The closing was dull and irregular. Bonds were quiet and irregular. Stock quotations reported for The Journal by Watson & Co., Chamber of Commerce, Minneapolis. Closing figures are bid. 111 —Close- Sales Stocks— | Hi- Lo- | Bid. j Bid. f I est. est. IJne^Jne.G Adams Express.; \ ISO | Am. Cot. Oil ..| 28%| 28% do pr | 90 4,700 Am. Car I 30 29% 1,900 do pr 85% 84 7/ 8 Am. D. T. Co 34 Am. Ice 36% 36% 36% 86% do pr | 71% lOOiAm. Linseed 15 | 13% I do pr 44 40% Am. Malting 6 6 do pr 26 26% 10,700 *Am. Sugar .... 145%] 144 144% 145% Am. Smelting 58 58% do pr 99% 99% 99% 99% 21,700 Am. Tobacco 143%| 140 143% | .140% do pr 1 145 145 5,700!Ama1. Cop .... 120% i 118%| 120 119% l,loojAnacon. Cop .. 49%| 48%) 49%| 48% 25,7001 A., T. & S. F. 88%| 87%) 87%| SB% 5,600] do pr 104% 103%| 103%j lU4 5,200 Bait. & Ohio .. 108% 106%| 108%| 106% 1,800 do pr 96% 96% 14,500 Brook. Rap. Tr. 82% 80% 81% 80% ]Brook. Un. Gas.) 215 I 215 200jCan. Southern..} 70% 70 69 | 70% 200, Can. Pacific ... 106% 106 106 i 106% 3,9oo|Ches. & Ohio ..| 51% 50%| 50%. 50% 9,200 Chi. ft Alton ..! 48 45 46%j 46% lowa Central _ 38% 36% 36% | 35% do pr 67% 64% 66V»| 64 100 Inter. Paper 23%| 23% do pr 79 78% 78 78% K. C. & South 20% 21% do pr 44% 44 La Clede Gas 85% 85% do pr 97 98 Lake E. & W 59 j 00 do pr 119 | 120 Long Island 70 70 65,200 Louis. & Nash. 111% 108% 110% 108% M., St. P. & Soo 21% 22 do pr f59 59% 4,4001 Manhattan 119% 118% | 11S% 118% 6,soo|Met. St. Ry.... 174% 171%! 172%J 171% jMinn. & St. L. 99 98 |98 | 9S' (Missouri Pac .. 116% 115% 115%| 115% 1.5001 M., K. & T.... 32 31 31% 30% 2,000| do pf 64% 64 64 I 63% jMobile & Ohio 81 81 [Mexican Cent... 26% 26% 26%| l'C% |Mex. Nat , n%|- n% 100|Nat. Biscuit ... 45% 45 45 | 45% I do pr : 100% 100% l,Boo|Nat. Lead 21% 19 20% 19' 300| do pr 84% 83 jNat. Salt 43% 43% T do pr 77% 77% N. J. Central 160 160 I.GOO Norfolk & W.. 54% 54% 54% 54% 100 do pr 88 88 North Am. Co. 90% 90 90 89 600 Nor. Pac. Pr ..| 98% 98% 98% 98% INorthwestern ..| | 200 202 IN. Y. Air Brakel | 144% 144 1,700! N. Y. Central. | 158 | 157 I 157 I 157 IN.Y.Chi. & St.L' ;.| 33 32% I do Ist pr ...| | 111% 110" I do 2d pr | j 69 69 IN.Y..N.H. & H| [ ] 214% 214% 22.2001 Ontario & W..| 39 |38| 38 35% iPaper Bag ....| ] | 13% 13% I do pr | | ] 70%| 71% 800|Pressed Steel .. 46 • | 45%j 45%j 45% 9001 do pr ] 86%j 86 86% 86%, IPacific Coast ..] j 65 61%, 3,BoO|Pacific Mail ..] 44%| 43 ( 43% 43% 16,6001 Perm. R. R ..| 152 | 151 | 151% 152 |P.,C.,C. & St.L.| 80 | 79%| 79% 75% I do pr | | | 100 | I,soo!People's Gas . 116 | 115%| 11G 116% IPeoria & E .... 30 I 39 | 29y, IPullman | | | 208 | 209 9.6001 Reading j 47%| 46%| 46%| 46% 1.7001 do Ist pr ...| 79 | 78 | 78%| 78% 1.2001 do 2d pr .... 57 | 56%| 56%j 57 I.6oo!Repub. Steel .| 20 1 19%! 19%| 19 1.3001 do pr j 75%| 75 j 75%] 75% 5,0001 Rock Island ...| 173 | 170 171% 170 I St. L. & San F.| 47%| 46 47 j 46% ! do Ist pr ...| 87 | 86 I 86 | 86 I do 2d pr ....] 72%| 70%| 71%| 70% 200! St. L. & S. W..| 35%! 35%| 35%| 35% 3,400 do pr 69 67%| 69% 67% Chi., Bur. & Q 196% 196% 400 Chi. Gr Westl 22% 22% 22 22% do pr A.... 82% 82 81 82 do pr B 47 46 do deb 92% 92V- Chi., Ind. & L 39% 38% 38% ;«% do pr 74 73 73 72 500 C.,C.,C. & St. L 85% 55% do pr 115 IJS Chi. Term 24% 23% 23% 23% do pr 46% 45 45 45 Col. Fuel & Ir 102% 101% 101% 102% do pr 137 137 300 Col. Southern.. 16 15% 15% 15% do Ist pr.. 52% 52 52% 52 do 2d pr 23% 23% 300 Consol. Gas ... ?22 221% £21 221% 16,700 Con. Tobacco .. 71 69% 70% 70 " 1,900 do pr 121% 118% 321 119% 300 Del & Hudson 168 167% 167% 167% 300 Del., Lack & W 233 233 700|Den. & Rio Gr 52% 51% 52 52 1,2001 do pr 99% 99 99 98% IDea M. & Ft. D 42 39 40% 41% Du., 8. S. ft At! 12% 12 12 11% .„.,,„ _,d ° Pr 20% 20 20% 19% 42,400 Erie 44% 43% 43% 43% 1,600 do Ist pr... 71>/i 70% 70% TO% do 2d pr.... 58 57% 57% 57% Evans & Ter H 57% 57 do pr 88 88 Gen. Electric 246% 245% 100 Glucose 58% 58 do pr ...... 102% 102 100% 102% Great Nor., prl 185 185% Hocking Valley 54% f.4% 100 do pr 77 77% I, MO Illinois Central. '. 143% 144% 7,600 St. Paul '.. 169% 168% 168 171% do pr 186 285 St. Joe & Gr. I. 15 14% 14% 14% d° Ist pr ... 76% 75% 76 75 do 2d pr 34 34 Stand. R. &Tw g 6% 7% 31,800 Southern Pac... 60% 59% 60 60% 15,200 Southern Ry .. 34% 34 34% 34% 2.000 do pr 87% 87 87 86% 300 Term. Coal &I. 60 69% 59% 60 5,800 Texas & p ac .. 49% 47% 48% 48% Tin Can 27% 27% do pr 73 73% Tol.,St.L. & W. 23 22% 22% 23 do pr 38 38 Twin City R. T. 85 84% 85 39,000 Union Pac .... 110% 108% 109% 111% 900 do pr 90% 90 90 91 U. S. Express 93 91 1.2001 U. S. Leather | 14 14% 200! do pr 1 79% 79% 79% 79% U.S. Rubber .1 1 1 20% 20% I do pr I 63 I 62%| 62%| 45,5001 V. S. Steel .. 51 50 I 50% 60% 8,400! do pr 99% 98% 98% 98% r>,9oo|Wabash 24% 23% 23% 24% 3.6001 do pr j 43% 42% 42%j 44% i Wells-Far. Ex. 1 155 155 l.lOOlWestern Union| 94% | 93% 93%| 94 1.0001 Wheel. & L. E.| 21 | 20%| 20%1 20% i do Ist pr ...| I I 55 56% I do 2d pr ....| 34 | 33% 33% 33% 2,loo|Wisconsin Cent-I 24%| 23% 23% 22% I do pr 1 1 46% 46% Total sales, 766,600. •Ex-dividend. MONEY REPORTS Sew York Money. New York, June 1. —Money on call steady at 3 per cent; prime mercantile paper, 3%@ 4% per cent; sterling exchange steady, with aotuai business in bankers' bills at $4.88% @4.88% for demand, and at $4.85i4@4.85% for 60 days; posted rates, $4.86 and $4.89; com mercial bills, $4.84%@4.85. Silver certificated nominally at.6oc; bar silver. 59% c; Mexican dollars, 48c. Government bonds, steady; re funding 2s, registered 106%, coupon 107%; 3s, registered 109, coupon 109; new 4s, registered 139, coupon 139; old 4s, registered 112%, coup on 113%; ss, registered 108%, coupon 108%. / v Minneapolis Money. MINNEAPOLIS — Bank clearings, $1,803, --201.60; New York exchange, selling rate 40c premium, buying rate par; Chicago exchange, selling rate 40c premium, buying rate par. London 60-day sight documentary, $4.84%. ST. PAUL-Clearings, $775,803.01. Chicago Money. Chicago, June 7.—Clearings, $25,711,912; bal ances, $2,070,887; posted exchange, $4.85%@ 4.89; New York exchange, 5c discount. London Consols. London, June 7.—Consols lor money, 93 3-16; consols for the account, 93 5-16. GENERAL PRODUCE The Minneapolis Market. Friday. June 7. There is a steady and firm tone to the but ter market. Quotations show no change ex cept that extra dairies are a shade firmer, but there is some improvement noticed all through the line. Eggs are quotably unchanged and show a slight trace of weaker feeling. Dressed meats are steady, with fancy veal at 7@7%c. Poultry is on a steady basis. There is an excellent demand for early fruits and vegetables at current quotations. BUTTER—Extra creameries, per lb, 18c; firsts, per lb, 16c; seconds, per lb, 14& c; imitatlpns, firsts, per lb, 14c; seconds per lb, 12c; dairies, extras, 15^@16c; firsts, 12%@ 13c; seconds, lb, lie; packing stock, fresh, seconds, lb, lie; packing stock, fresh, lb, ID, 12c; stale packing stock, per lb, 6@7c; grease, lb, 3@se; tested butter rat, in separa tor cream, 17c. EGGS—Strictly fresh, candled stock, doz, lie; case count, 10@10^c; dirty, fresL 7c; checks, G^e. CHEESE—Twins or flats, fancy, lb, He; twins or flats, choice, lb, 7V>@Bc; twins or flats, fair to good, lb, s@6c; brick. No. 1, lb, lie; brick, No. 2, per lb, 10@llc; brick, No. 3, lb, 6%(g7c; limburger, No. 1, per lb, 13% c; limburger, No. 2, 8%@9%c; primost, No. 1, per lb, 8e; No. 2, per lb, 6c; Young America, fancy, lb, HVoc; choice per lb, 10c; pultost, per Ib, 9@loc; Swiss, No. 1, 13^@14c; block Swiss, No. 1, lb, 14c; block Swiss, No. 2, lb, 9©loc. LIVE POULTRY—Turkeys, mixed coops, 7c; chickens, hens, 7%@Bc; young roosters, 6c; old roosters, 6c; broilers, per lb, 13@19c; ducks, white, 7c; colored, 6c; geese, 6c. DRESSED MEATS—VeaI, fancy, 100 to 125 lbs, 7@7l|c; fair to good 6@6%c; thin or over weight, 4@sc; mutton, fancy, country dressed, 8c; thin or overweight, 6c; lambs, fancy, 8c; thin or bruised, lb, 6c; milk lamba, fancy, 10y 3 @lle; choice, K@9c; hogs, according to weight, s@6c. FlSH—Pike, per lb, 7c; crapples, per lb, ;c6 crappies, small 41 / &@sc; pickerel, drawn @5 s&c; pickerel, round, o^c; sunfish, perch, etc.. 2@4c: bullheads, skinned, 3@6c; turtles, lb, 2@3c; buffalo, 2@3c. POTATOES—Burbanks, car lots, bu, 65® 70c; Rurals, 55c; Ohios, 51@53c; mixed white, 45@55c; mixed red, 45@50c; small lots sell at 5c to 10c per bu higher than these figures. BEANS—Fancy navy, bu, $2.25; choice, per bu, $2; medium, hand-picked, per bu, ?2; brown, fair to good, $1.50@2. DRIED PEAS—Fancy yellow, ?l@l.lo per bu; medium, 90e@|l; green, fancy, $1.25@1.35; green, medium, 90c@?l; marrowfat, per bu, APRICOTS—Four-basket crates, $1.50. CHERRIES—Per 10-lb box, $1.75; California sour cherries, $1.50; Oregon cherries, $1.25® 1.75. PEACHES—Missouri stock, per 6-basket crate, $3. ORANGES—California navels, 80s, $3@3.25; California navels, 965, $3@3.25; California navels, 1265, $3.25; California navels, 150s, $3@3.25; California navels, 1765, $3@3.50; Cali fornia seedlings, all sizes, $2.75@3; Califor nit tangerines, half box, $2; Mediterranean sweets, $3.50; St. Michaels, $3; grape fruit, 80s to 965, $2.25. LEMONS—Messinas, 300s or 3605, fancy, $4; choice, $3.50; California fancy, as to size, $3.50; choice, $3.25. STRAWBERRIES— Cefce 24 qta, $1.50Q>2; per 16-qt case, $1.25@1.50. GOOSEBERRIES—Per 24-qt case, $2.50. BANANAS—Fancy, iarge bunches, $2.50; medium bunches, $2@2.25; small bunches, $1.5r>@1.75. HONEY—New, fancy, white, 1-lb sections, 19c; choice white, 16@17c; amber, a3@l4c; golden rod, Il@l2c; extracted white, 10@llc; buckwheat, 10i@12c; extracted amber, B@9c. VEGETABLES—Asparagus, doz, 60@75c; beans, wax, bu crate, $2.25; beans, string, 2-3 bu crate, $2.25; beets, bu, 450; beets, new, doz bunches, 40@50e; cabbage, south ern, crates, about 350 lbs. $3; cabbage, California, per hundredweight, $1.75; car rots, new, doz bunches, 30@40c; cauliflower, doz, $1@1.25; celery, Florida, doz, 90o@$l; celery, California, 90c@$l; cucumbers, home grown, doz, 50c; egg plant, per doz, $1.25; lettuce, per doz, 30c; lettuce, head, per doz, 25c; mint, per doz, 40c; onions, doz bunches 15®20c; onions, Spanish, bu crate, $2.25; onions, southern, per bu box, $1; Ber j muda onions, crate, $1.75@2.50; parsley, doz, 30c; parsnips, bu, 50@55c; potatoes, new, bu, $1.50; peas, green, bu, $1.50; pie plant, per ib, l@l%c; radishes, long, doz bunches, 20e radishes, round, doz bunches, 15@20c; ruta bagas, bu, 30c; salsify (oyster plant), per doz, 35c; spinach, bu, 35c; turnips, new, doz bunches, 50c; tomatoes, Illinois stock, 6-baa ket crates, $3.50; Florida stock, $3@4. New fork Produce. New York, June 7.—Butter, receipts, 8 203 pkgs; steady; creamery, 15@19c; factory '11 @14c. Cheese, receipts, 4,440 pkgs; market weak; fancy large, colored, B%c; fancy large white, B%c; fancy small, colored, 9%c; fancy small, white, 9%£ Eggs, receipts, 9,986 pkgs weak; western, candled, 13% c; western, un candled, Il@l3c. Sugar, raw, steady; fair refining, 3 21-32 c; centrifugal, 96 test, 4%c --molasses sugar, 3 7-16 c; refined, steady crushed, 6.05 c; powdered, 5.65 c; granulated' 5.55 c. Coffee, quiet and steady; No. 7 Rio, 6c! Chicago Produce. Chicago, June 7.—Butter, firm; creameries 15@19%c; dairies, 14@16c. Cheese, steadyl twins, 9@9%e; Young Americas, 10% c; Ched dars, S%@9c: daisies, 9%@10c. Eggs, weak- ' loss off, eases returned, ll%c. Iced pou/try' steady; chickens, B%@9c; turkeys, 9c. PROVISIONS Chicago Provisions. Chicago, June 7."Lard was again the fea ture of the provision market. There was a fair demand, however, for all other commodi ties. July pork opened 5e higher, at $14.67% and improved 2%c. July lard opened 2%@5c higher, at $8.37%@8.40, and sold up to $8.42%. July ribs opened 2%0 higher, at $7.95 and gained 2%c. Close: Pork—June, $14.65; July, I $14.65; September, $14.77%@14.50. Lard— ! June, $8.37%; July, $8.37%; September, $3.42%- October, $8.40; December, $8.15; year, $8 10 Ribs—June, $7.90; July, $7.92%; September, Chicago Seed and Coarse Grain. Chicago, June ".—Flax—Cash northwestern, $1.71; No. 1, $1.71; October, ?1.30. Rye—July, 51% c; September, 50% c. Barley—Cash, 40® 53cc. Timothy—September, $3.72. Clover- Cash, ?9.0u. ADVANCE IN HOGS Good Demand in the Face of a Light Supply. STRENGTH IN BEEF CATTLE Supplies at All Points Seem to Be Limited— Decline* in Sheep. South St. Paul, Minn., June 7.—Receipts to day ; were 125 cattle, 75 calves, 1,500 hogs and 150 sheep. ;'.'.•> 7 The following table shows the receipts from Jan. 1, 1901, to date, as compared with the same period a year ago: Year. Cattle. Calves.Hogs.Sheep.Horses. Cars. 1901 56,704 21,837 269,783 74,946 3,818 6,108 1900 43.656 21,955 227,595 102,308 13,186 6,054 Dec ....... ' 138 27,362 9,368 ..... Inc .13,048 . 32,188 64 r The following table shows the receipts for month of June to date, as compared with the same period a year ago: Year. . Cattle.Calveß.Hogs. Sheep. Horses.Cars. 1901 .. 1,700. 640 8,128 1,146 22 187 1900 .. 1,729 830 8,325 842 3,826 345 Dec ... 29 190 197 ..... 3,804 158 1nc........ ... ..... " ■ 304 Receipts- ' Date. . Cattle. Calves. Hogs. Sheep. Cars. May 31 .... 87 30 1,240 166 22 June 1 .... 182 38 1,675 86 33 June "3 .... .' 250 97 766 33-20 June 4 .... 678 304 3,033 59 1 74 June 5 .... 456 167 1,783 331 43 June 6 .... 134 34 ' 922 99 17 Estimated receipts by cars to-day of the railroads centering at these yards: Chicago Great Western, 6; Chicago, Milwaukee & St. Paul. 7; Chicago, St. Paul, Minneapolis & Omaha. 9; Great Northern, 2; Chicago, Bur j lington & Quincy, 1; Soo, 1; Northern Pa -1 cine. 2. Total, 27. • Disposition of stock, June 6: Firm— Cattle. Hogs. Sheep. Swift & Co 64 802 99 Estate of I. Staples 5 ... 101 Slimmer & Thomas 40 I J. E. Bolton 1 Hankey Brothers ■ 2 ... ..• Leo Gottfried 4 R. N. Katz 2 Louis Hertz 1 ... ... J. T. McMillan 72 Haas Brothers 72 Other buyers 5 Country buyers 189 ... 3 Total 308 910 225 CATTLE—The local supply was limited to only a few head. Receipts at all oitside points were small. The keen demand here for beef cattle was a feature of the trade, and the few on sale were picked 1 up readily at prices fully steady with yesterday's trade and relatively higher than prices that prevailed at competitive markets. The movement in stock and feeding cattle was again very slow. Sales: Butcher Cows and Heifers— No. Ay. Price. I No. Ay. Price. 1 1,210 $4.35 1 1,400 $4.25 1 1,290 3.50 1 680 2.25 1 750 2.50 1 1,290 2.35 1 970 2.25 1 590 2.75 1 980 2.65 Beef and Butcher Steers— No. Ay. Price. II No. Ay. Price. 16 1,282 $5.35 [I 5 1,038 $4.85 Milkers and Springers— * One cow and one calf for $25. One cow aud one calf for $31. One cow and one calf for $32.50. One cow for $29. Stockers and Feeders— , No. Ay. Price. No. Ay. Price. 3 650 $3.75 3 260 $3.50 4 282 3.50 2 430 3.25 4 390 .... 2 795 .... 1 630 3.40 2 285 3.00 2 315 3.00 7 528 2.80 7 366 2.75 |J 1 620 2.50 Feeding Cows and Heifers — No. Ay. Price. II No. Ay. Price. 2 530 $3.00 |i 1 700 $3.00 1 790 2.90 I) 1 560 2.50 Feeding Bulls— • No. Ay. Price. No. Ay. Price. 3 863 $2.80 1 780 $3.00 1 610 2.50 1 - 640 2.45 Veal Calves— No. Ay. Price. ' No. Ay. Price. 6 125 $6.36 6 146 $5.25 1 120 5.00 i 4 225 4.50 1 100 4.00 | HOGS—The supply at all market points to day was only fair. Conditions east only war ranted a nominal advance in values while the demand here in the face of a light supply warranted prices 2%c to 5c above yesterday. Quality was only fair and the best on sala sold from $5.77% to $5.85. Mixed grades sold from $5.70 to $5.75, and roughs at $5.35. Hogs- No. Ay. Price. |No. Ay. Price. 58 M 286 $5.85 74 238 $5.85 160 224 5.80 73 221 5.80 i 37 275 5.80 67 250 5.77% 178 206 6.77% GO 219 5.77% 53 211 5.77% 186 194 5.77% 70 ........ 200 5.77% 45 258 5.75 50 212 5.75 19 174 5.75 63 230 5.75 |75 203 5.72% Pigg and Culls- No. Ay. Prioe. No. ■ Ay. Price. 4 «,*.!«*■ 405 $5.35 2 370 $5.35 3 550 5.15 1 430 5.00 2 515 5.00 SHEEP—The supply to-day consisted of only a few head of mixed ewes and wethers of only fair quality. Prices ruled weak with the sharp declines ot the past week. No. Ay. Price. 45 spring lambs » 57 $5.25 16 sheep 65 4.00 19 mixed 116 3.65 2 bucks 125 2.50 On the market: C. E., Minnesota Transfer; W. A. Sims, Osnabrock, N. D.; Newash & Co., Silver Lake; John Wacek, New Prague; H. Haasken, Cologne; B. F. Martin, Clear Lake; Ira Ruesink, Lime Springs, Iowa; G. Nold, Nelson, Wis.; Heanvey Brothers, Good hue; J. Kllroy, Cannon Palls; B. Brothers, Riceville, Iowa; J. Casman, Lcwther, Iowa; W. R. Jeffers & Co., Jeffers; Behrenfleld Brothers, Heron Lake; M. S. Boyle, Lismore; T. H. Webb, Tracey; Taylor & Emerson, Elmore; Ed Greene, Graceville; Canton Brothers, Watson; W. Snavely, Buffalo Lake. Sioux City Live Stock. Sioux City, lowa, June 7.—Receipts, 2,500 hogs, 300 cattle. Hogs—Strong. Sales: No. Ay, Price. 62 230 $5.65 72 ~~ 244 5.67% 69 235 5.70 70 250 5.72% 66 260 6.75 Cattle—Steady. Sales; No. Ay. Price. 17 beeves 1,150 $4.75 18 beeves 1,250 5.45 4 canners ».» 800 2.50 12 cows 1,090 4.25 6 stock heifers 450 3.00 5 stock heifers 500 3 25 4 bulls 920 3.00 2 bulls 1,020 3.10 2 bulls 960 3.25 8 stockers SlO 3.50 10 stockers 790 4.25 ; 6 yearlings 560 3.75 5 yearlings 540 4.40 6 calves 360 4.25 j 3 calves 330 4.40 Sheep—ln demand; $3.75@5.10. Chicago Live Stock. Chicago, June 7. —Cattle, receipts, 2,000; steers steady, butchers stock slow; good to prime steers, $5.50@6.10; poor to nielium, $4.50 @5.40; stockers and feeders, $3fi>4.75; cows, $2.76<5>4.76; heifers, $2.b0@5.15; canners, $2@ 2.70; bulls, $2.80@4.50; calves, $5.50@6: Texas fed steers, $4.50@5.60; Texas bulls, $2.75@3.80. Hogs, receipts, 24,000; to-morrow, 18,000; left over, 3,150; opened strong to shade higher; choice about steady; mixed and butchers, $5.50@5.97%; good to choice heavy, $5.80@ 6.02%; rough heavy, $5.65@5.75; light, $5.65® 5.90; bulk of sales, $5.85@5.95. Sheep, receipts, 3,000; steady; good to choice wethers, $4@4.30; fair to choice mixed, $3.65@ 4.15; western sheep, $4.10@4.35; yearlings, $4.25@4.40; native lambs, $4@5.25; Western lambs, $4.50@5.25. Official yesterday! Receipts, cattle, 13,637; hogs. 28,824; sheep, 10,403; shipments, cattle, 4,992; hogs, 3,928; sheep, 1,047. St. Louis Live Stock. St. Louis, June 7.—Cattle, receipts, 1,200; steady; native steers, $3.50@6; stockers and feeders, $2.75@4.75; cows and heifers, $2.25 @5.35; Texas and Indian steers, $3.50@5.20. Hogs, receipts, 6,500; strong; pigs, $5.65@ 5.80; packers, $5.70@5.90; butchers, $5.85@ 6.02%. Sheep, receipts, 3,800; lower; native mut tons, $3.35®4.25; lambs, $4@5.75. Kansas City Live Stock. Kansas City, June 7.—Cattle, receipts, 1,500; steady to strong; native steers, $5@5.85; Tex ans, $4.50@5.50; cows and heifers, $3.35@5.25; stockers and feeders, $3.75@4.80. Hogs, receipts, 14,000; market 5@7%c high- M. OOKVV A CO., The Oldest Firm •€ Banker* and Br« ken -. IN THE 3JOKTHWEBT. H»t« removed from their old quarter* on Jackson Street to tbe > <*erau«te UUto BulUUas, C«r. 4th sa* Mteaeaeta ««^ »«. Paul, Mima. FRIDAY EVENING, JUNE 7, 1901. er; bulk of sales, $580@5.90; heavy, |5.80@ 5.97%; packers, $5.85@5.90; mixed, $5.80@5.90; yorkers, $5.55@5.75; pigs, $4.90@5.50. Sheep, receipts, 3,500; muttons, $3.75@4.80; lambs, $4.75@5.75; steady. MISCELLANEOUS New York Cotton. New York, June 7. —Cotton opened firm and up sto 10 points. Europe and the south were active buyers. All the forenoon shorts were uneasy and bought vigorously on every eign of stiffness in the English market. In ad dition to the cables the bulls were aided by unfavorable crop reports, wet* weather news from the eastern belt, drought accounts in the western belt and reports of improvement in the cotton goods trade. The bears were bar rassed by fears of manipulation in August as well as in July throughout the morning. Spot closed quiet; middling uplands, B%c; middling gulf, B%c; sales, 22 bales. Futures closed steady; June, 8.09 c; July, B.We; September, 7.32 c; October, 7.27 c; No vember, 7.23 c; December, 7.27 c; January, 7.29 c; February, 7.29 c; March, 7.32 c. Peorla Whisky. Peoria, June 7.—Whisky—On the basis of $1.27 for finished goods. SPECULATIVE GOSSIP St. Louis receipts: Wheat, 24,000 bu, against 25,000 bu laat year; corn, 80,000 bu, against 62,000 last year; oats, 42,000 bu, against 27,000 last year. Kansas City receipts: Wheat, 62 cars, against 84 cars last year; corn, 20 cars, against 14, last year; oats, 8 cars, against 7 last year. Logan to Jolley: Seaverns received fol lowing cable: Known damage to German crop makes Import wheat requirements 96, --000,000 bu and rye 56,000,000 bu. Russia is underselling us on oats abroad, and the Dan ube on corn, says a coarse grain handler in explanation of recent slow demand for these grains. Clearances: Wheat and flour, 437,000 bu; corn, 390.00O& oats, 18,00«. Cash business in Chicago yesterday was 500,000 bu corn, mostly No. 3, at equal to 2%c under the July in store. P. B. Weare, Chicago, to I. G. Andrews & Co.: The millers of Ohio, Indiana, Tennessee and Missouri want all the wheat they can get of new crow when ready. They are now using Kansas hard mostly and will be eager buyers as soon as winter wheat is ready. All the accidents are against the crop from this on. The government Monday next will show a serious decline. INVESTMENT GOSSIP New York to Watson & Co.: We have to report a quieter market to-day, with less marked fluctuations, yet with a very good undertone and a condition which may be considered as healthy and satisfactory. South ern Pacific has reacted somewhat and the same is true of United States Steel, but at the prices recorded for these stocks on Wednesday it Is not surprising that a slight concession has been made. The summer weather is upon us in full force, and it is doubtful whether this extreme volume of speculation will be maintained. We do not, however, look for any dec-line worthy of the ra-me. On'the other hand, we look for ad vance in a great many specialties. We have not lost our faith at all in the value of American Tobacco nor of Continental, and we think that in the case of the former espe cially, the buying 1s extremely good and that the price will slightly advance until it reaches 175. The street is rather bare of in terest at 'present, as the Atchison stocks have apparently reached a point wMfere the public is not so much disposed to take hold of them, while the Union Pacific and kindred proper ties are speculatively pretty well advanced. We are believers, however, in a 4 per cent basis for almost all the stoqks that have made themselves worthy of consideration, and this would put both Atchison common and preferred on a somewhat higher level. The local traders are less confident about the market than they have been and that is be cause in many cases they were more or less crippled in the late calamity. Their lack of direct interest is, however, supplemented by very good buying by commission houses whose customers recognize the condition of ■the crops, the earnings of the roads and the state of the money market. On the whole, therefore, wo see no occasion to change our views as to expectations for moderately high er figures. PLOWING FOR FLAX Large Acreage Will Be Sown in the Jamea Valley. Special to The Journal. Jamestown, N. D., June 7.—Farmers in the James river valley are busily engaged in plowing land to seed to flax. The acreage of flax this year will be large, as many will sow it on new breaking. Owing to the dry spell, many farmers had not sown, fearing another season like that of 1900. Some of the best flax crops ever grown in the state have been sown as late as the middle of June. It is probable that a large acreage of prairie will be broken up this year. Gneii on Cotton. New York, June 7.—The Financial Chron icle's estimate of the cotton acreage for the present year has just been published. An increase of 5.05 per cent for thj whole coun try Is reported. The Chronicle's estimate of the crop is 12,500,000 bales. SHIPPING NEWS OF THE LAKES. Detroit—Up: Bunsen, Martha and whale back, 9:30 last night; Melbourne, 11; Lafay ette and whaieback, 11:15; Vance, 12:20; lonia, 1 a. m.; Curry, Newaygo, Anderson, 2:15; Nimick, 3; Angeline, 4; Tempest, Ralston, 4:40; Stephen Hall and barges, 5; Monahan aett. Law, 5:30; Eads, 5:40; Edenborn and whaieback, 6; Nicol, 8:10; Reynolds, 9; Co lumbia. 9:20; Thomas Wilson, Manola, 10:30. Sault Ste. Marie—Up: Yaklma, Twin Sis ters, Venice, Algonquin, Orinoco, Ralph, Har old. 11 last night; Continental, Holland, mid night; La Salle, Corliss, 12:30 a. m.; Wallace, Ashland, 1; Armour, 3; Albright, 3:30; Oge maw. Wilcox, 4:20; Frlck, 5; Bangor, 6; Cort, Whitworth, 7:30; Viking, Vinland, J. D. Mar shall. 8:20; Shaw, Waldo, 9; Masaba and whaieback. Auburn, 10:30; Castle Rhodes, Liberty, 11; Bradley, Wolson, Brightie, 11:30. Down: Alfred Mitchell, 10 last night; Zenith City, 11; Whitney (steel), Merida, 1:30 a. m.; Fleetwood, Moravia, Republic, 2:30; Senator, Roby, Sauber, Forest City, 4; Spalding, 5:20; Tempest, Corine, Pendall, 6:30; Coralia, 11. Chicago—Little was doing in the grain trade. Shippers did not want much tonnage and there was not much to give them. Rates ranged around l%c on corn, with slightly higher figures obtainable on undesirable car goes. Chicago—There was little business done in grain freights, although many of the ship pers wanted boats. The ships which had unloaded here early in the week were sent for ore, and when the grain men wanted them they were not to be had. Vesselmen wanted 1% cents on corn to Buffalo aad shippers of fered I^4 cents. Buffalo—The fact that but a single coal cargo went out to-day on the large fleet that sailed shows the situation here. The rates continue firm at 40 cents, although the supply of coal is short and the offerings of tonnage liberal. Chartered: Cumberland, Duluth. Buffalo—Cleared—Light: Cartagena, Du luth; Oglebay, Duluth; Flagg, Lake Linden. Ashtabula, Ohio—Cleared—Light: J. T. Hutchinson, Hundred Eleven, Constitution Bell, Duluth. Cleveland—Cleared—Coal: Hesper, Jackflsh, Blssell, Wm. McGregor, Duluth. Light; Choc taw, N. Mills, Checotah, Duluth. Conneaut, Ohio—Cleared—Light: Eads Manola, Duluth. ' Ashland, Wls.—Arrived: Tom Adams, Saw yer, Iron Duke, Case. Cleared—Ore: Wilson, Norton, Linn, Amazonas, Emory Owen Cleveland. ' Duluth-Superior—Arrived: Ottawa, Green Genoa, Celtic, Spencer, Pennlngton, Sacra mento, Granada, Manistique, Jenness. De parted: Preston, Lake Erie, lumber- Rose dale, Kingston, grain; America. Buffalo grain; Aurania, Glasgow, Abyssinia, Coralia' Caledonia, Polynesia, Black, Magna, Xetlson Russell, Lake Erie, ore; Helena, Tom Adams, Marquette, Mich.—Arrived: Berlin. Cleared- Alfred Mitchell, Roby, Sauber, Ashtabula; Moravia, North Tonawanda; Forest City Buf falo; Republic, Cleveland. South Chicago—Cleared: Stone, Superior- Griffin, W. P. Palmer, Duluth. ' Toledo, Ohio—Cleared—Coal: losco, Jean nette, Nimick, Duluth. Erie, Pa.—Cleared—Light: Briton, Duluth- Marina, Superior. Port Colburne, Ont—Up: Nipigon and consorts, Duluth. Sault Ste. Marie, Mich.—Up: Mahon lng, 12:30 p. m.; Mars, 1 p. m.; Apao mattox, Santiago, Argo, Roumania Cen turion, 1:30; Bartlett and whaleback 2- Pentlahd, 3:30; McWllliams, Cherokee Chip pewa, Minnesota, 5; Egan, Oceanica 6- Iron Age, Hutchinson, Sevona, 6:40- Passa dena. Sandusky, Cobb, 7:30; Joliet and whale back, 8. Down: Coltlngwood, 11:40- Erics son, Bulgaria, Algeria, 12:20 p. m.'- Mada gascar, Theano, Scranton, Cambria Marcia 2:30; Hadley, 3; Mitchell, Chickamauga 6; Selwyn Eddy, 7:40. ' '. Detroit—Up: Shaw, Elphlcke, 6; Wal do. 6:30; Shenandoah, 7:40; Princeton, Car rington, &; Devereux, Kennebec, Mataafa Bryn Mawr, 8:50; Fryer, 9:20; losco. Jean - \ '' • [. 1 ■ " 3STABX.ZSara> 1873 ===== — ■ WOODWARD & CO. mmkpous GRAIN COMMISSION «*«»» • V&UXCBXa— OWeano and Milwaukee. Orders i<*t i uturo dellTery executed la all «iaxlwl% GhasE. Lewis Ms ''';, &Co- Bonds, 1,2 and 3 Chamber of Commerce, Minneapolis. Pflttf|T! GRAIN, PROVISIONS. New York Correspondents, Clark, Dodge & Co. Chicago i Bartlett, Frailer A Co. Correspondents, ( J. P. Harris. Dally Price Current mailed free on ap plication. / *;t. ESTABLISHED 1881 LT.SOWLE&SONS Brokirs to}|g** SrSJSSt Chicago and New York Correspondents. Long Distance Telephone, 634 Main. 21 CHAMBER OF COMMERCE. American Linseed Company New York, May 20, l&ul. To the Stockholders of the AMERICAN LINSEED COMPANY: The Board of Directors are pleased to report to the Stockholders that after mature consid eration and deliberation a most desirable ar rangement has*been effected for an exchange of the stock of the AMERICAN LINSEED COI PANY for the stock of the UNION LEAD AND OIL COMPANY. The capital stock of the Union Lead and Oil Company, including that necessary to acquire all the capital stock of the American Linseed Company on the terms hereinafter men tioned, to be Seventeen Million Dollars (?17, --000,000), said stock being all of oue clas3 Common Capital Stock, oue hundred and seventy thousand (170,000) shares, of One Hundred Dollars ($100) each. The stock of the American Linseed Com pany shall be deposited under the agreement —copies of which are on file with the de positaries hereinafter mentioned—to be ex changed for the stock of the Union Lead and Oil Company on the following basis or terms; Eacn share of the Preferred Stock of the American Linseed Company shall receive Forty-eight Dollars (S4B) in the stock of the Union Lead and Oil Corn- Bach share of the Common Stock of the American Linseed Company shall receive Eighteen Dollars (.$18.) in the stock of the Union Lead and Oil Com- The Union Lead and Oil Company reserves the right to refuse to make such exchange unless there is deposited for such exchange two-thirds (2-3) of each class of stock of the American Linseed Company. The holders of large amounts of the stock of the American Linseed Company have al ready signified their approval of the arrange ment, and your Board of Directors urge the prompt acceptance thereof by the balance of the stockholders. Certificates of stock, duly and regularly as signed and endorsed In blank, duly wit nessed, with proper Revenue Stamps at tached for transfer, should be deposited witr the NEW YORK SECURITY AND TRUST COMPANY, NO. 46 WALL STREET, NEW YORK CITY, or the ILLINOIS TRUST AND SAVINGS BANK, CITY OF CHICAGO, upon dep««lt of which transferable receipts will be issued, exchangeable for the stock of the Union Lead and Oil Company upon the consummation of the arrangement. DEPOSITS HUST BE /lADE ON OR BEFORE THE STH DAY OF JUNE. 1901, after which date no deposits will be received except In the discretion of the Board of 1 Directors of the Union Lead and Oil Company and on such terms as they may prescribe. By authority of the Board of Directors. GUY G. MAJOR, President. New York, May 20, 1901. To the Stockholders of the A/lERICAN LINSEED COUP ANY: The undersigned stockholders of theAtlEßl- CAN LINSEED COHPANY, having carefully considered the proposed arrangement be tween the stockholders of the American Lin seed Company and the Union Lead and Oil Company, have decided to exchange cur stock -jm per said arrangement for the stock of th# Union Lead and Oil Company. We believe that the consummation of the proposed arrangement will decrease expenses and lower the cost of manufacture, resulting in larger net earnings applicable to dividends. Inasmuch as the Union Lead and Oil Com pany have reserved the right to refuse to make such exchange unless two-thirds (2-31 of each class of stock of the American Lin seed Company is deposited, we urge the prompt deposit of your stock. Faithfully yours, <ivy a. nAJOR, FRANK H. RAY, WILLIA.n P. ORR. AUQUSTUS N. EDDY, JOHN L. SEVERANCE. aoriEß c. mariLEY, ueorqb c. nerzaEß, JOHN W. HIRST, ROBERT H. ADAMS, JOHN W. DANIELS. The time for the deposit of the American Linseed stock under the above proposition has been extended to July 1, 1901. GUY G. MAJOR, President. ette, 10; yacht Sagamore arrived at lo:2u; Coffinberry, Bourke, Keweenaw, Bloom, V. H. Ketchum, Fulton, Holley, 11; Stafford, McWilliam, noon; Baldwin and barges, 12:20 P. m.; Schleainger, Panther, Massasoit, 1; Morse, Bell, 2; Yuma, 2:50; Pontiac, Syra cuse. 3; Venus, 3:10; Canlsteo and barges, 4; Harvard, Nasmyth, 6:10; Hiawatha, 7:o'j; City of Genoa, 8; Harvey Brown, 8:10. Down: Philip Mlnch, Cormorant, Norrls, 9:20 last night; Olympia, 10; Frontenac, la. m.; Cor ona, Mala, 3; Pioneer, Chattanooga, 6; Cas talla, 6; Glengary, Mlnuedosa, 7:20; Saturn. Presquo Isle, 8:20; Codorus, 8:30; Saxon and whaieback, 9:30; Northern Wave, 9:40; St. Paul. 10:15; Maruba, Matta and whaieback, 11: Lewiston, 11:10; Omaha, noon; Cbis holm, 12:10 p. m.; Corsica, Matoa, 12:50: Yale. Uranus, Queen City, Roebllng, 1:40. Wallula, 2j Troy, 2:20; Jupiter, Wolvin, 2:30; Uganda, 3; Briton, 3:10; Neptune, 3:40; Mur phy, John Owen, Hill (steel), 5; Wawatam, and whaieback, 5:40; Cadillac, 6:30; Strath con a, Gilbert and whaieback, 7:40; Two Parkers. 8:50. THOMAS & Co tain Commission aid Stock Broters. Write for our daily market letter, which we mall FREE on application. Members Minneapolis Chamber of Com merce. Telephone—Main 18S7-J. 6 OH AMBER OF COM HER SE. Watson & Co Brokers In Gi*ain,Pi*ovMon& 9 Stocks and Bonds, Member* N. V. Stock Exchange Chicago Correspond • -Satiwartz, Dupee&Co. Private wire Chicago STS ew Yori. Tel. 906 Main 35 Chamber- of Oommoroom \ EDWARDS, WOOD & 6o\