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NEW HONEY IS
JktABKET SAGS UNDER WEIGHT OF
Butter Rules FirmHeavier Receipts
of Fresh with Generous Withdrawals
of Cold Storage Lend Some Weakness
to the Egg SituationVeal and Poul
try SteadyCabbage Advances
Western Fruits Continue High.
The new "crop" of honey is being
forwarded freely, and averages of fine
quality, judging by arrivals up to date.
The demand has not as yet shown much
strength, while there is still a large
amount of old stock in sight that has
to be moved. The greatest weakness
on old goods is shown in the extracted
article. No great call is looked for
until cooler weather sets in.
There has been a good trade on
fruits all the week, notwithstanding
the comparatively high values that
prevails on the entire list. Some coun
try dealers have cut out California
fruits entirely until more reasonable
values prevail, but arrivals from the
coast have been very moderate and
stocks have not dragged perceptibly.
The list has been added to*by a good
assortment of grapes, selling at from
$2 to $3 a crate. Arrivals on all va
rieties of coast fruits are running con
siderably under those of a year ago.
The plum season is about over, but
there will be fair supplies from Wash
ington, Oregon and Idaho. The Golo
lado crop of peaches is reported to be
light and cheap fruit can hardly be
lookeed for. Some very good Michi
gan peaches in flfth-bushel baskets are
looked for. Some very good Michi
gan peas are also in favor, owing to
the high price on western.
The market is well supplied on apples
of good, fair and indifferent quality.
On fancy grades the market reflects
strong tone, but common and poor
N. W Main 2330L Twin City 298.
B. W. IflULFORD & CO.
Dealers In 8TOCK8. GRAIN and
PROVISIONS. Private Wires.
114 South Third Street
E. A. BROWN & CO.
Consignments Solicited. Prompt Returns
A. J. CUMMINGS
Member Minneapolis Chamber of Com
merce and Duluth Board of Trade.
GRAIN COM MISSION
PROVISIONS STOCKS BONDS
OfficeMain Floor Dispatch Building,
Minneapolis Branch Office 110 Chamber
of Commerce building, Ground Floor.
Ship it to us and thus realize top prices
and quick returns. W also execute
orders in futures promptly in all markets.
E. L. WELCH & GO.
120 POINTS FOR INVESTORS
Intended to answer questions asked or that jhonld
be asked bj
BEVI8EO E1MTION will be mailed free on request.
DOUGLAS, LAOEY & CO., Bankers,
06 Broadway and 17 New Street, New Tork CItr.
UR8V PELTSpWOOitE ETC.
STo MOWLLAN FU fe^yOQli CQ
HAW FUK* AND
THEM TO US AND GET BEST PRICES
NORTHWESTERN HIDE & FURCOJ
rgOO-202204-lgSTNg AMNNEAPOLIS A\lNN
82 Chamber of Commerce,
Commission ^Branch HousesSt. Paul. Mankato. Aberdeen. 3. D.
stuff is at the mercy of the buyer, and
no quotable price can be depended
upon. Only the best stock goes out on
shipping orders, and the outlet for poor
grades is necessarily confined to the
city peddler trade.
There is a noticeable scarcity of the
most desirable sizes of oranges, and ad
vancing prices are notable on the en
tire list. Lemons are on an extremely
firm basis, and sales are reported as
high as $9 a box, the record price up
to date for 1905.
Grapes now coming are of good qual
ity and proving satisfactory to con
sumers, largely increasing the move
ment. Berries are showing the effects
of over-ripeness, a large percentage
getting to market in an unmerchantable
condition except at very low prices.
Melons are selling well, the demand be
ing heavy for carlots of watermelons.
Muskmelons and canteloupes are bet
ter in quality but not much lower in
Butter holds to a firm basis. Supply
of creamery extras is hardly up to the
requirements of the city, and values
have consequently been maintained
strongly. Demand has not been overly
active, but arrivals are under those of
some weeks ago, which has had a fa
vorable influence from the seller's point
of view. Arrivals of dairies are also
moderate and they keep closely sold
out. Packing stock is in good request,
but there is no great amount coming
at the present time. In fact the make
of low-grade butter is becoming lighter
each year thruout the northwest.
The week's arrivals of fresh eggs
show a large increase, and this feature,
combined with the fact that a great
many restaurants and hotels are al
ready withdrawing their storage hold
ings, have caused some weakness to
permeate the egg situation. Many
weak-kneed holders of storage see no
favorable conditions in the future out
look, and quite a lot of this class of
holdings are likely to be forced on the
market the next thirty days, which may
cause some unsettled feeling to prevail.
Steady marketing of current receipts
No price changes have occurred in
the cheese list except on choice twins
and flats, which are higher. There is
a good call on the entire list, but ad
vances do not seem as probable as at
the opening of the month.
Veal is hardly on as firm a basis as
at the opening of the week, owing to
much heavier offerings with no increase
in the demand. Mutton and lambs are
steady. Some slight weakness is notice
able on spring chickens, and a decline
is quite possible, as marketings are
heavier now that some sections are thru
harvesting. Dticks are firm, the demand
showing radical improvement. Other
lines on the poultry list are steady.
There is a heavy movement out on
potatoes and cabbages. Paying prices
to local growers average around 80
cents a bushel from the wagon. Cab
bage is higher. Homegrown tomatoes
arp lower, and have about cut out the
demand for outside shipments.
Official quotations of the Minneapolis
Produce Exchange, corrected up to 12 m.,
Saturday, Aug. 26.
BUTTBBBeceipta yesterday, 26,488 pounds.
Creameiies. extias, 20ftc creameries, nrsts.
19c creameries, seconds, 17c dairies, ex
tras, 18c dairies, firsts, 16c dairies, seconds.
15c ladles, firsts, 16c ladles, seconds, 14c
packing stock, fresh, sweet, 15c.
COOSReceipts yesterday, 718 cases. Cur
rent receipts, i\o 1, case count, case, $4.30,
current receipts. No. 1, candled, doz, 18c fresh
dirties, candled, case, $3.60 checks and seconds,
candled, case, $3.15.
CHEESETwins or flats, fancy. 12@12%c
twin or flats, choice, 10%@llc twins or flats,
fair to good, 8@9c Young Americas, fancy in
quality and regular in style, 13c Young Ameri
cas, choice, 10c daisies, fancy, 12%c daisies.
Choice, 10c brick, No. 1, U%@12c, brick, No.
2, UK, brick, No 3, 5c limburger. No. 1, lie
primost, No. 1, 7@7%c, Swiss, fancy loaf, 14
15c choice, lOQUc Swiss, fancy block, 12%c
Swiss, choice block, 10@llc.
BANANASLarge bunches, $2.75@3 medium
bunches, $email@example.com: small bunches, $2.
DRIED PEASYellow, fancy, bu, $1.40 yel
low, medium, $1.40 green, fancy, $2.85 green,
medium, $1.40 marrowfat, $2.
ONIONSBermudas, bu crate, $lj Bermudas,
in sacks, 100 lbs, $1.75.
CANTALOUPSCrate, $6 gems, %-bu baa
PLUMSCommon Tarleties, 16 quarts, $1.
PEACHESMichigan, fifth-bu baskets, 35c.
J3RAPESMoore's Early, basket, 30c.
BLUEBERRIES16-qt case, $1.75 @2 black
berries, 16 qts, $1.75((?2.
WESTERN FRUITSPeaches, box, frees,
$1.50 peaches, box, clings, $1.25 Bartlett
pears, box, $2.50@3 Malaga grapes, crate,
$2 25 plums, Kelseys, crate, $2 Italians,
CABBAGENew, large crates, $2.25.
BEANSQuotations include sacks Fancy
navy, bu, $2, choice navy, $1.6531.75 medium,
navs $125, mixed and dirty, 65@75c brown,
fancy, $2 brown, fair to good, $firstname.lastname@example.org.
LIVE POULTRYYearling roosters, 7c hens,
ll@ll%c springs, lb, 12c: old roosters, 6c*
ducks, young, 8@9c geese, 7c turkeys, 15c.
PIGEONSTame, live, young or old, doz, 75c
dead, 60@70c. squabs, nesters. fancy selected,
live or dead, $email@example.com small, poor and thin,
ORANGESLate Valencias, $firstname.lastname@example.org.
LEMONSCalifornia, fancy, $8.50.
APPLESDuchess, brl, $3 50 Wealthy, brl,
$4(34.50 crabapples. fancy, brl, $4 50 common,
$email@example.com mealy and overripe stock, unsalable.
DRESSED MEATS Veal, fancy, lb, 8c
veal, fair to good, 7@7%c veal, small and
overweight. 4Jgjoc mutton, fancy, 6@7c mut
ton, thin or overweight, 4@5c lambs, year
lings, thin or overweight, 4@5c lambs, milk,
fancy, pelts off, 9@10c lambs, milk, choice,
elts oft, 8c lambs, thin, poor, unsalable hogs,
EGETABLESBeans, string, bu, 75c beans,
wax, bu, 75c beets, doz bunches, 25c cauli
flower, doz, $1.50 corn, green, doz, 10@12c
celery, doz, 2o@50c cucumbers, home-grown,
bu, 50c egg plant, $1 50 garlic, 10@12i4c:
lettuce, leaf. 20c lettuce, head, doz, 30c mint,
doz, 40c onions, green, doz hunches, 15c peas,
green, bu, $1.75 parsley, doz, 30c peppers,
green, 2-8 bu crate, $1 radishes, round, doz
bunches, 15c rhubarb, 100 lbs, $1 squash, doz,
$1, spinach, bu, 50c tomatoes, four-basket crate,
65c tomatoes, home-grown, bu, $2 water
ciess. doz. 30c.
HONEYExtra fancy, white, 1-lb sections, 18c
fancy white, 1-1D sections, 12- choice white,
1-lb sections, 9c amber, 10c goldenrod, 9c
extracted white, In cans, 7%c extracted nmber,
in cms, 7c.
POTATOES85c sweets, Virginia, brl, $3
VF~~ NEW YORK SUGAR AND COFFEE, Aug 28.
Sugar, raw, easy fair reflnnlng, 3%c centrif
ugal, 96 test. 3 31-32(5!3c molasses sugar, 3%c
refined, quiet crushed, 6c powdered, 5.40c
ranulated, 5.30c. Coffee, steady No. 7 Rio,
%c. Molasses, firm New Orleans, 29@35c.
NEW YORK OIL, Aug. 26.Petroleum steady
rented, all ports, firstname.lastname@example.org.
Saint Paul Union Stock Yards
Th Great Live Stock Market ef the Northwest.
No limit, the demand for FAT CATTLE, BUTCHER CATTLE,
STOCKERS, FEEDERS, HOGS and SHEEP.
We are especially in need of FAT CATTLE and PACKING HOGS. Supply not equal
to the demand.
CATTLE COMING IN
IN BETTER SHAPE
SOUTH ST. PAUL FIRM FOR ALL
Stockers and Feeders Very Active Dur
ing the Early Part of the Week with
a Little Quieter Tone Later On
Hog Prices Well Maintained Except
for Sympathetic Declines When East
ern Markets Fell OffSheep in Good
South St. Paul, Aug. 26.Receipts of live
stock at the South St. Paul market for the
week totaled 13,325 cattle, 1,126 calves, 6,016
hogs and 10,879 sheep, as compared with 12,216
tattle, 1,013 calves, 7,362 hogs and 7,086 sheep
last week, and 9,011 cattle, 543 calves, 5,832
hogs and 16.726 sheep in the corresponding
week last yeur.
Cattle receipts showed considerable improve
ment over average "recent weekly marketing,
tho the total was only slightly in excess of
last week. The movement of western range
cattle has now fairly started and in the
eaily part of the week there were several
strings here, some having very good quality.
Demand for good to choice killing stuff, grain
or grass-fed, was fully as strong as it has been,
and offerings found ready outlet. While de
clines at Chicago had the effect of reducing
prices ou some of the medium stuff, the good
to choice cattle would have sold here fully
steady with recent prices. Values -here are
fully as high as at other markets, everything
considered. While there were no grain-fed
cattle here, good to choice steers of that kind
would have sold from $-1.50 to $5.50. Good to
choice gpass-fed steers are quoted at $4 to $4.25,
with common to fair, $3 to $3.50. Good to
choice grass cows are quoted at $3 to $3.35, and
common to fair, $2.35 to $2.75. Butcher and
bologna bulls have ruled very slow, packers
buying few, and prices have been barely steady.
Veal calves of common to medium grades ruled
weak, but best kinds were fully steady.
Stockers and feeders, during the early part of
the week were very active, a considerable pro
portion of the western range cattle on offer go
ing to feeders at strong prices, some choice
steers selling up to $3.60 and $3.80. The qual
ity of this stuff was very much better than any
on offer during the remainder of the week, and
sales during the latter days, while on a steady
basis, did not show up as well. The runs the
first two days were liberal, but towards the
close of the week there was a marked falling
off in receipts, which left the market quiet.
There was a tendency on the part of the buyers
to neglect the common to fair grades of feed
ing steers and those kinds showed weakness.
The good heavy feeders, however, were in strong
demand, and moved readily, the best kinds sell
ing strong to a dime higher. Demand in the
country is improving steadily, as is indicated
by the constantly increasing numbers of out
side buyers who were in the yards. The quality
of offerings the last three days caused consid
erable complaint from traders, the percentage
of desirable steers being very small. Feeding
bulls moved slowly, and generally sold 15 cents
to 25 cents lower than last week's best time.
Hog prices, with the exception of the first
day, when a heavy run at eastern markets
caused declines and values went lower here, were
fairly well maintained at recent high level.
Top has been over $6 each day, and the bulk
has sold higher than for some time, the spread
of the bulk being from $5.80 to $5.90. Re
ceipts did not equal last week's total, and after
the first two days marketing fell off to such an
extent that there was hardly more here each
session than during the recent very quiet time.
The quality of offerings has been just about
fair, tho there have been some choice bunches
every day. The mixed and butcher grades are
now selling on a level with the light kinds,
which latter have been bringing a premium of
10 cents to 20 cents over other grades during
the past three months.
Demand is very strong here for hogs, and
with prices at their present high level those
interested in the pork trade are surprised that
marketings are not on a larger scale.
Sheep receipts have been fairly liberal, and
the market ruled active during the week. De
mand Is good for desirable handy-weight ewes
weighing from 100 to 115 pounds, which sell
from $4.60 to $4.70, an advance of 5 cepts to
10 cents over last week's prices. Demand for
spring lambs has been strong, and while receipts
have been moderate prices have advanced 25
cents, toppy bunches bringing $7. Quality has
generally been good.
Estimated receipts at the Union stockyards
today: Cattle, 1,000 calves, 50 hogs, 700 sheep,
400 horses. 15 cars, 49.
The following are the receipts from Jan. 1,
1905, as compared with those for the same period
Year. Cattle. Calves. Hogs. Sheep. Cars.
1905 165,147 84,303 568,865 257,881 15,032
1904 ....123,016 24,588 587,095 823,185 13,800
IDC 42,881 9,715 1,232
Dec 18,230 65,304
The following are the receipts for the month
of August to date, as compared with that period
1905 1604 Inc.
741 Board of Trade,
Liberal advances made ou
large consignments. Or-,
ders filled promptly tit
everything la our llaO.
Official receipts for the past week are as fol
Date Cattle. Calves. Hogs. Sheep. Cars.
Aug. 18 948
Aug. 19 2,168
Aug. 21 7,259
Aug. 22 2,462
Aug. 23 964
Aug. 24 298
Aug. 25 341
121 357 128
Railroads entering the yards reported receipts
for the day by loads as follows: Chicago Great
Western, 4 Chicago, Milwaukee & St. Paul, 2
Minneapolis & St. Louis, 1 Chicago, St. Paul,
Minneapolis & Omaha, 7 Great Northern, 9
Northern Pacific, 26. Total, 49.
Disposition of stock Friday, Aug. 25
Swift & Co 94
W. B. McCormick.... 9
W. G. Bronson 5
Armour Pkg. Co. 9
Stimmer & Thomas... 144
P. Evans 82
J. B. Fitzgerald 66
Country buyers 158
BEEF SUPPLY NOT
UP TO DEMAND
SIOUX CITY GOT MANY CATTLE,
BUT COULD USE MORE.
A Big Bun to Start Off the Week and
Buyers Not Able to Get Enough to
Make a "Kill" Later OnThis
Irregular Marketing Not Good for
Price StabilityFat Cattle Sold
Down Materially, but Later on in
the Week Recoveries Were Made.
A T. Wt. Av. Cost. Price Range.
236 $5.70% email@example.com
222 5.89% 5.6B@6.10
232 5 88% 5 50086.00
236 5.80 firstname.lastname@example.org
225 5J0 email@example.com
Aug. 24 245 587 5.65(3)6.10
Aug. 25 235 5 91 firstname.lastname@example.org
Opening prices 10c lower 5c Of loss regained
at close. Receipts, light quality some Detter
than yesterday. Prices range $5.70 to $6 bulk,
$5 755.85. Light, fair, $5.70@5.S0 good,
$email@example.com choice, $66.05 mixed, fair, $5.55,
5:85 good, $firstname.lastname@example.org choice, $email@example.com
heavy, fair, $5.25 good, $firstname.lastname@example.org
choice, $5,909 roughs and sows, $email@example.com.
Compared with a week ago prices are 10c lower.
Hogs38, 187 lbs, $6 05 82, 230 lbs, $5.95
66, 273 lbs, $5.75 57, 230 lbs, $5.95 42, 221
lbs, $5.90 15, 216 lbs, $5.90 45, 271 lbs,
$5.85 46, 243 lbs, $5.85 56, 204 lbs, $5.80
23, 293 lbs, $5.80 293 lbs, $5.70 18, 314 lbs,
Pigs, roughs, underweights8, 400 lbs, $5.40
440 lbs, $5.40. Stags and bears1 bear, 330
lbs, $2.75 1 bear, 460 lbs. $2,75.
CATTIJ3Receipts fairly liberal, bulk of re
ceipts being westerns, part of which went di
rect to local packer "and rest hilled thru. Of
ferings of native stuff very light. Prices closed
steady with week. Stockers and feeders, steady.
Veal calves steady bulls steady milch cows
Butcher Steers3. 1.123 lbs. $3.50 6, 921
lbs. $8.35 2, 1,285 lbs. $3.
Butcher Cows and Heifers3, 970 lbs, $2.75:
S 080 lbs $2 SO
Cutters and Canners8. 973 lbs. $2 25 3. 873
lbs, $2.25 3. 940 lbs, $2.15 9. 55 lbs. $1.50 2.
740 lbs. $1.25.
Butcher Bulls1. 1,380 lbs. $2.25.
VealOalves1, 170 lbs, $5.25 7. 161 lbs. $5
3, 226 lbs, $5 3. 260 lbs. $4: 5. 98 lbs. $3.
Stock Feeding Steers7. 898 lbs. $3.30 5. 940
lbs, $3 4, 872 lbs, $3 7. 763 lbs. $2.75: 2. 865
lbs, $2.50 2. 595 lbs, $2.30 8. 460 lbs, $2.30
8, 606 lbs, $2.30.
Stock Cows and Heifers2. 100 lbs. $2.85: 7.
750 lbs. $2 25 6. 475 lbs, $2.10.
Milch Cows and Springers2 cows 2 calves.
SHEEPReceipts moderate. Sheep and lamb
prices fully steady. Lambs 25c higher for
week sheep strong to 10c higher for week.
Nothing choice today to sell at top, quality be
ing not quite up lo week*'? average
Killing Sheep and Lambs11 lambs. 73 lbs,
$6.90 46 lambs, 71 lbs, $6.85: 23 lambs. 63
lbs, $6.85 6 lambs, 85 lbs, $6 60 16 lambs, eo
lbs, $6.50 3 ewes, 100 lbs. $4.50 4 ewes, 125
lbs, $4.40i 1 buck. 150 lbs, $.1.
Among the shippers on the market were:
O. Miller, Porter A. D. Sackett, James vine
Ryan & Co., Waterville: E. J. Cleary, Sauk
Center Cosgrove Co.. Le Sueur Sibley Co. bank,
Henderson J. C. Morrison. Belle PIsine Sha
|fer, Dundas Howard Black, Beardsley Weln
zerl, Bros., St. Bonifaclus John Keith, Fin
ley, N D-
Sioux City Stock Yards, Sioux City, Iowa,
Aug. 26.Cattle receipts at this market have
been liberal this week and with 5,500 head on
sale the run shows a gain of 2,300 over last
week. The increase is due to the heavier mar
keting of killers, albo largely to the increased
consignments of stockers on the two opening days
of the week. The concentrating of fat cattle
on the various markets on the two first days
of the week rebulted in liberal breaks In values
and prices ruled generally 20 cents to 25 cents
lower than last week's close. While receipts at
this market were not heavier than the packers
could well take care of, the unfavorable condi
tions had effect on the Sioux City market and
buyers bought their cattle 15 cents to 25 cents
lower with the inferior grasserB taking the most
of the decline. Later in the week receipts were
not sufficient each day to make a killing and
values regained a big share of the earlier de
cline, and closing quotations are not generally
over a dime lower than last week's close. There,
is Just as good a demand tor-cattle at this point
on every day of the week and shippers should
remember this fact and not glut all markets
with cattle on a Monday, thereby cutting down
their own profits and also leaving the slaugh
terers with not enough cattle to make a killing
at the close of the week. Cattle shipped to this
market will be taken care of to as good advant
age on a Saturday as earlier in the week. The
top on beeves this week was $5.15, but there
has been a great scarcity of corn-fed cattle and
only a few loads of steers have been marketed
of the. Just fair order selling at $4.10 to $4.65.
The bulk of the offerings in killings were grass
era. The natives ranged from $2.25 to $3, and
there were quite a number of range cows mar
keted that came in competition with the natives
at about the same figures. Canners ranged from
$1.50 to $2.20. In range steers the offerings sold
at $3 to $8.G5 and arriving early in the week
were considered fully 25 cents lower than the
There has been a better tone to the stocker
trade. An increased country demand took care
of the heavier marketing and there is not a
larger proportion of cattle to be carried over
than last week. Prices showed no quotable
change with last week and the heavier market
ing sold on a basis of steady with last week.
The past two days prices have ruled about 10
eeftts lower owing to the lateness of the week,
but with a moderate marketing the coming
week there is no reason that prices should not
be well maintained and in fact a decided pret
ence is being shown for the heavier feeders,
which may sell at strong prices for the de
sirable kinds. The light-weight steers have
have been hard sellers this week and this class
of cattle will not likely sell to any better ad
vantage the coming week. Good 900 to 1,100-
pound feeders sold up to $3.90 with the bulk
of the offerings at $3.60 to $8.75. Range feed
ers sold at $3.25 to $3.65. Yearlings were in
limited supply and sold at $2.75 to $3.40. Stock
heifers comprised only a small share of the
week's marketing at $1.50 to $2.50.
HogsThe quality of hogs this week has
been Inferior and the percentage has been run
ning largely to packing grade. Butcher weights
were in demand and these sold at a good mar
gin each day above the packing grades. The
packers took advantage of the fact that the
shipping demand was not very liberal to bear
down on prices and the week closes with bogs
selling at $5.70 to $6, and the bulk of the sales
at $5.80 to $5.90, which is only steady with the
closing quotations ot last week, and fully 10
cents lower than last week's high time. There
was some advance In the market on Wednesday,
but this was lost and values are not hardly up
to the opening of Monday last.
ReceiptsCattle, 100 hogs, 8,500. Hogs5c
lower Sales: 61, 278 lbs, $5.70 63, 248 lbs,
$5.80 65, 210 lbs, $5.90.
CattleStrong. 14 beeves, 1,040 lbs, $8.75
8 beeves, 1,230 lbs, $4.40 10 beeves, 1,340 lbs,
Cows and Heifers8, 730 lbs, $2.25 10, 780
lbs, $8.25 3, 1,040 lbs, $8.80.
Stockers and Feeders7, 760 lbs, $2.70 4, 980
lbs, $3.40 2, 1,040 lbs, $3.75.
Calves and Yearlings4, 340 lbs, $2.20 7, 560
lbs, $8.80 3, 580 lbs, $3.50.
CHICAGO LIVESTOCK, Aug. 26.CattleRe-
ceipts, 500 market steady good to prime
steers, $firstname.lastname@example.org poor to medium, $email@example.com
stockers and feeders. $firstname.lastname@example.org cows, $2.50
4.50 heifers, $email@example.com bulls, $2.20@4. can
ners, $firstname.lastname@example.org calves, $email@example.com Texas fed
steers, $firstname.lastname@example.org western steers, $350@5.
HogsReceipts, 11,000 Monday, 35,000 mar
ket steady to strong mixed and butchers,$5.75
6.35 good to choice heavy, $email@example.com rough
heavy, $firstname.lastname@example.org light, $email@example.com bulk of
SheepReceipts, 8,000 market steady good
to choice wethers, $firstname.lastname@example.org fair to choice
mixed, $4.50@5 western sheep, $email@example.com native
limbs, $firstname.lastname@example.org western lambs, $email@example.com.
KANSAS CITY LIVESTOCK, Aug. 26.Cattle
Receipts, 200 market unchanged native
steers, $firstname.lastname@example.org native cows and heifers, $1.75
@5 25 stockers and feeders, $email@example.com calves,
$3@5 75 western steers, $firstname.lastname@example.org western
cows, $1.75@ 25.
HogsReceipts, 8,000 market steady bulk
of sales, $email@example.com heavy, $firstname.lastname@example.org packers,
$email@example.com pigs and lights, $firstname.lastname@example.org%.
SheepReceipts, 500 market steady muttons,
$4.50@5 75 lambs, $email@example.com range wethers,
$firstname.lastname@example.org fed ewes, $email@example.com.
ST. LOUIS LIVESTOCK, Aug. 26.Cattle
Receipts, 800 market steady beef steers. $3.50
@5.70 stockers and feeders, $2@4 cows and
heifers, $2 50@5 Texas steers, $2.251314 cows
and heifers, $firstname.lastname@example.org.
HogsReceipts, 2,500 market steady pigs
and lights, $8.15@6 30 packers, $5.50@6\25
butchers and best heavy, $email@example.com.
SheepReceipts, 500. market steady natives,
$4.75@5 lambs, $firstname.lastname@example.org.
OMAHA LIVESTOCK, Aug. 26CattleRe
ceipts, 200 market nominally steady native
steers, $6.15 cows and heifers, $email@example.com
western steers, $3ffl!4.50 Texas steers, $2.75
3 85 cows and heifers, $firstname.lastname@example.org stockers and
feeders, $email@example.com calves, $2.50@550.
HogsReceipts, 6,300 market slow, steady,
bulk of sales, $firstname.lastname@example.org.
SheepReceipts, 100 market unchanged.
MIDWAY HORSE MARKET Minnesota
Transfer, St. Paul, Aug. 26.Barrett & Zim
merman report: The former downward prices
are being followed by a mild but steady reac
tion. AH classes moving at following values:
Drafters, extra, $170 to $210 drafters, choice,
$130 to $170 drafters, common to good, $120
to $180 farm mares, extra, $160 to $170 farm
mares, choice, $140 to $160 farm mares, com
mon to good, $100 to $140 drivers, extra, $100
to $350 drivers, good, $100 to $150.
Furnished by Crandall, Pierce & Co., Aug.
27.The market shows signs of strengthening- all
around. The declaring of a dividend by C. &
A. Increased the demand for it and sales were
made at a fraction over $100. P. & D. has
been strong In all markets with sales at $20.50.
C. & P. sold at $29.75 and L. S. & P. was quite
freely offered at $35, but bids did not reach
over $34.50. The North Butte dividend will not
be paid to holders of treasury receipts, so holders
of these should send them to the transfer agent
for the Issuing of stock certificates lu their
stead. Junction has been in bid demand at
$93 00, but little stock is to be had. It has
had a healthy advance and no great reaction need
be expected of it.
Calumet & Arizona $100.00
Calumet & Pittsburg 29.50
Lake Superior & Pittsburg... 34.00
Pittsburg & Duluth 20.00
Black Mountain 4.05
THE MINNEAPOLIS JOURNAL, f^f Pf?fSlAugust 26, 1905.3*8^33^
STOCKS WILL FALL
35.00 21.00 96.00 13.00
NEW TOBS METAX MARKETS. Aug. 28.
Copper continues firm In all markets with the
spot position higher at 72. 12s. 6d in London,
while futures were unchanged at 72. LocaUv
holders were inclined to ask still higher prices
and both lake and electrolytic are now quoted
at 16.2516.50c: castlmr. 1587%16.12%c.
Spelter was unchanged at 25 in London and
at email@example.com locally. Iron was firm and higher
in the English market. Glasgow closed at 51s
and Middlesboro at 48s 4%d. Locally the mar
ket Is reported firmer in tone, but the general
range Is unchanged. No. foundry northern
Is quoted at $16.25@lff Wt "2 foundry, northern.
$15.75^16.50 No 1 foundry southern. $16.25
16.75 No, 2 foundry Southern. $15.75016.25.
NEW TORK PROVISIONS, Aug. 26.Beef,
steadv mess, $11.50@12 mess, $9.50 10
packet, $10.50@11. Pork, firm mess, $15.50
16.50 family, $17.50(218,* short clear, $14
16.50. Lard, firm .prime western steam, $8.10
IF WAR RENEWED
BELIEF THAT A PEACE DISAGREE-
MENT MEANS DECLINE.
Wall Street Sees Everything Favorable
Aside From This Big Crops and
Much Commercial Activity Present
and Prospective, and No Money
Stringency LikelyGossip of the
Week From the Speculative Center.
Special to The Journal.
New York, Aug. 26.Comment on the possible
effect of a resumption of hostilities in the Kar
East on the stock market is naturally mixed,
the probabilities being generally held to favor a
decline. Stocks are selling today at hguies
which surprise even those who weie behind the
boom of 1902. Altho profit-taking has been
indulged in to a rather extravagant extent, all
offerings have been promptly absorbed and the
appetite for stocks of many kinds still con
tinues practically unwhetted. Consideration of
the past week in the stock market evidences the
prominent part which the various pools are
playing in the campaign for higher prices, a
feature which, while usually present during such
movements, is not warranted to encourage par
ticipation by the conservatively minded. Altho
railroad issues have all shown marked strength,
it has been mainly those stocks held by specu
lative cliques in which spectacular advances
have taken place. A canvass of the leading
banking houses disclosed the fact that all the
substantial interests are on the bull side of the
During speculative crazes pool operations are
always present and contribute their quota toward
the Inflation in prices necessary for profit-mak
ing on an extensive scale. While stock market
conditions suggest caution in the way of new
commitments, the swing of the pendulum will
probably carry securities to a materially higher
level before the end of the movement. Those
who argue that such will be the case are mate
rially Impressed by the strength of the Gould
group, which has heretofore been practically
neglected, largely because of the absence of
support from inside circles. Possibly the great
est interest displayed by this element has some
connection with bond Issues which are yet to be
distributed. Buying of Union Pacific seemed to
point to the Hill Interests, and taken in con
nection with the steady advance of Great North
ern and Northern Pacific, would indicate con
fidence in the future engendered by the large
Big Crop Returns.
The exceedingly optimistic feeling which pre
vails in Wall street Is based upon the bright
outlook which should assure at least a year of
prosperity for the country at large. Weather
conditions, so far as the grain harvests are
concerned, continue all that might be wished,
making certain that yields will be more thau
normal. Possibly the promise of bountiful har
vests is responsible for the large orders for car
equipment reported. In any event, it tends to
wards an expansion in general business, for
with the crops assured, the farmers will buy
heavily of manufactured goods, affording the
railroads a large return traffic. Of fully as
great importance are the prospects of a-large
surplus production with which to swell our ex
ports and provide the basis for much foreign ex
change. Along these lines the July statement of
foreign trade Is of marked significance, show
ing a gain in exports of 26 per cent, and an in
crease on imports of 18 per cent, the latter a
record-bieaklng figure. The increase in exports
Is largely accounted for by cotton and bread
stuffs. Altho this year's cotton crop, from all
indications, promises to be much less satisfac
tory than during 1904, in conjunction with the
surplus on hand from last year it should be
sufficient to provide for both home and foreign
According to the best-informed men in the
financial community, no disturbance will de
velop In the money market this fall, altho
higher rates for call money are expected. One
of the most prominent bankers in Wall streef
said that in his opinion call funds would not
go above 5 per cent, and that every precaution
had been taken to prevent undue tension In the
loan market in the autumn, when the demands
for crop-moving purposes will be excessive. Ship
ments in connection with financing the crops
began two weeks ago, and from now on the out
ward movement doubtless will Increase, and it
is therefore reasonable to expect an early
stiffening in rates. Regular borrowers have.
In most cases, provided for their needs In the
remainder of the year. The money outlook,
based on current bank reserves, is not favorable,
but the big financial powers are fully alive to
the calls that will be made orf this center for
funds, and as a consequence they are making
preparations to prevent disturbance.
No Hostile Legislation.
Washington advices hold out to Wall street
the hope that nothing radical in the way of
railroad-rate legislation will he done by the
coming congress, the impression there being that
railroad officers have argued effectively against'
the dangers of hasty and ill-considered meas
ures. There are indications that not only mem
bers of congress, but the country at large, have
a much better appreciation of the extreme dif
ficulties and complications which the problem
presents than they had a -year ago. Hence the
belief that the national legislators and their
constituents will be satisfied with an earnest
attempt on the part of the former to analyze
the question thoroly, even tho it involves some
delay in reducing proposed new laws to their
final form. With the special session out of the
way, it is believed that offhand disposition of
the matter no longer threatens.
No confirmation is obtainable of the revamped
story of a big anthracite coal deal involving a
large collateral bond issue.
While the uptown party still favors higher
prices for standard stocks, there is a pretty
well-defined opinion that the market may prove
somewhat irregular for a short time. Buying
of standard issues on recessions has been of an
excellent character, and the uptown crowd ex
pects to see a pronounced rise in the market
Tips are out that the long-delayed movement
in Amalgamated Copper will take place in the
One of the reports in circulation is to the
effect that the Vanderbilt and Pennsylvania
interests have arranged for consolidating Read
ing and Lehigh Valley. S. S. Schroff.
NEW YORK PRODUCE, Aug. 26.Gutter,
easy receipts, 8.607 extra creamery, 21%c
official prices, creamery, common to extra, 18@
21ic: state dairy, common to extra, 18c ren
ovated, common to extra, 1519^sc western
factory, common to extra, 15@17isc western
Imitation creamery, common to extra. lS@19i4c.
Cheese, strong receipts, 2.995: exports, 377
state fuU cream small colored and white, fancy.
ll%c fair to choice. 10%@U%c: large colored
and white, fancy. ll%c skims, full to light.
l%@9c. Eggs, weak- receipts, "9,127 state.
Pennsylvania and nearbv selected white fancv.
27^28c choice, 25@26c mixed extra. 25c:
western firsts. 21c choice seconds. 1819%c
CHICAGO PRODUCE, Aug. 26.Butter,
steady creameries, 17@21c dairies, 16%@18%c.
Eggs, steady, at mark cases included. 13@16c
Cheese, steady daisies, ll%c twins, 10%c
Young Americas. ll%c Poultry, live, firm
turkeys, 15c chickens, ll%c springs, J.4c. Po
tatoes, steady carlots on track.
steady 50 to 60-lb weights, 0@7c
1 5 75-l
weights. 7@7%c 80 to 125-lb weights, 8@8%c
85 to 100-lb weights, 9c.
NEW YORK COTTON. Antr. 26.The cotton
market opened quiet and firm at decline of
3 points to an advance of 3 points near months
being influenced by lower cables, while later
positions were advanced by continued dry hot
weather in Texas. The bull leaders seemed
little In evidence, but yesterday's sellers cov
ered on unfavorable weather news and reports
of increased spot demand and the market ruled
firm during the middle of the morning with
prices about 8 to 10 points net higher.
Cotton futures quiet and steadv: August.
10.63c bid September, 10.67c: October. 10.93c:
January. 11.03c: March, 11.08c: April, 1109c
bid May. 11.12c.
Cotton futures closed steady August. 10.75c:
September, 10.76c October, 10.93c November.
10.94c Dedember. 11.03c: January. 11.08c: Feb
ruary, 11.13c March. 11.16c AprU. 11.18c
Spot cotton closed steady, middling uplands.
11.15c middling gulf, 11.40c sales, none.
CHICAGO PROVISIONS, Aug. 26.Provisions
were steady, influenced by a firm market for
hogs. Brokers bought moderately. Local longs
hammered the price of pork, causing a decline
of 5c In September at $14.72%. September lard
and ribs were a shade up at $8 and $9.
Close: Pc*September, $14.87% October,
$14.87% January, $15.05. Lard"September,
$7.97% October $firstname.lastname@example.org% November,
$7.75 December, $7.20 January, $7.17%.
BibsSeptember, $9 October, $9.07 January,
HEW TOBK METAL, Aug. 26.Lead and
copper firm and unchanged.
|LOW INTEREST RATES]CRUSHED
TRADE RUNNING HEAVY AND
PLENTY OF MONEY AVAILABLE
TO CAREY ON BUSINESS.
New York, Aug. 26.Bradstreets today says:
August, a period of exceptional activity in aU
lines of trade and industry, draws to a close
with buying bhowing further expansion, cereal
crop yields or prospects close to the best, rail
way tonnage increasing, collections in the
west, north and east reported generally better,
money exceptionally easy for this season not
withstanding increased crop moving require
ments and confidence on aU hands of a large
faU and winter trade.
Dry goods of all kinds, but especially cotton
fabrics, are in active sale, with buyers eager
to secure supplies and slow deliveries com
Shoes, millinery, hats, clothing and hardware
relatively active, and groceries show im
provement at most markets. House trade is in
larger volume at all larger centers west and
east, stimulated by excursions at low rates.
At eastern markets features are the strength
of cotton goods, the eagerness of buyeis of
these goods to obtain supplies even at piesent
advanced prices and the strength of raw wool,
hides and leather. Reports are of a better de
mand for territory wools suitable for worsted
goods, which have been and are selling well.
Gross lailway earnings returns point to en
larged traffic compared with the expanded earn
ings noted a year ago in August, For the first
half of August gross receipts of leading roads
show a gain of 6 per cent over the same period
In finished products rails and structural mate
rial show marked activity. Predictions of a
veiy active full In all kinds of steel are sup
ported by strong prices for billets, bars, sheets
and in fact nearly all kinds of material except
pipes, piices for which are being cut. Other
metals are strong. Coal is quiet at most mar
kets, but Baltimore notes large sales to Eng
land and the west.
Business failures for the week ending Aug.
24, in the United States number 176 against
147 last week, 185 in the like week of 1904, 142
in 1903, 140 in 1902 and 188 in 1901. In Canada
failures for the week are 19 as against 19 last
week and 26 in this week a year. ago.
Wheat, including flour, exports' for the week
ending Aug. 24, are 1,170,340 bushels, against
1,068,519 bushels last week, 1,084,332 bushels
this week last year, 3,245,056 bushels in 1903,
and 5,436,530 bushels in 1902. From July 1 to
date, the exports are 7,477,504 bushels, against
10,634,151 bushels last year, 25,078,289 bushels
in 1903 and 36,776,297 bushels in 1902.
Corn exports for the week are 987,204 bushels
against 1,177,039 bushels last week, 736,746
bushels a year ago, 866,320 bushels in 1903, and
115,150 bushels in 1902. From July 1 to date,
the exports of corn are 8,064,447 bushels against
4,563,339 bushels in 1904, 8,325,295 bushels in
1903, and 754,559 bushels in 1902.
BEVEBIDGE AS BOOK AGENT
Strenuous Senator Was a Good One and
David Graham Phillips in Success.
I remember two summers in which he
(Senator Beveridge of Indiana) had a
barrel of fun. In the first one he
worked as a book agent. I wish I could
put in three months' vacation as amus
ingly as he put in those three months
no monotony, "something doing" all
the time, endless interesting adventures
and laughter without limit. He made
enough money to carry him thru col
lege for the next yearand "Bev"
had no' small or stingy ideas of what
constitutes comfort. His second vaca
tion full of fun was spent in directing
the operations of several hundred young
men whom he led forth as book agents.
I don't think any other body of book
canvassers ever made so much money
as his corps made in so short a space
of time. He spent three months in
training his agents in the work. It was
a wonderful training-y'worth, I know,
a four years' course in any college to
the fortunate young man who got it.
"Error's Chains" was the name of
the book. For three months Green
castle, town and college, was in a fever
over Error's Chains.'' You heard it
all day long: you took it with your
meals y.ou dreamed it at night. To
get away from it you had to get away
from Greencastle. It was that cyclone
of energy that "Bev" released upon
the state of Iowa as soon as college
closed. Do you wonder that every
centertable in Iowa can creditably pass
an examination on the rise or fall of
religions? Beveridge's gallant band
returned to Greencastle in September
with plenty of money for the- succeed-
ing year. Never before had the stu
dents who were working their way thru
been so well supplied. I suspect that
not a few have never since in a whole
year made so much as Beveridge taught
them to make in that one brief sum
mer. He had put his own spirit into
them, his optimism, his dauntlessness
and his resourcefulness.
GOLD COLOR IS CONSTANT
All Absolutely Pure Metal of One Uni
The idea that gold varies somewhat
in color according to the locality in*
which it is foima is widely prevalent
even among miners and money changers
and handlers in the gold-producing dis
tricts, but such notion is oW the author
ity or experts at the Philadelphia mint,
wholly erroneous. Pure gold, that is,
gold without any alloy or other im
purity, is of one unvarying, unchanging
color. Few people, however, see such
gold. All the gold of commerce used
either as money or for jewelry has al
loy in it after it is manufactured into
the desirable article. Even the Wugget
of gold, which is sometimes quite pure,
is covered with dirt and stains on the
outside that conceal its true color, and
all gold dust which is melted at the
place of mining contains impurities
which go into the bar. This is the rea
son why Mexiean gold, for instance, has
a redder tinge than* that of California,
and the same is true whether it be a
iiece of money or of jewelry. The red
is caused by the presence of cop
per and the paler tinge by silver, and
in the mints of the different countries
the amount and kind of alloy used dif
fer sufficiently to give different tints
to the money.
THE CITY OF UPSIDE DOWN
August World's Work.
The sightseer has a pleasant experience at
Helena, but to get a glimpse of the infernal won
ders of mining, he must now go to Butte. Per
haps nowhere else can he have such an experi
ence. In a sense the world is upside down. To
begin with, the city takes its water from the
eastern side of the continental divide, and thus
diverts it from the Atlantic to the Pacific slope.
Then a large part of its population is always un
derground, and it* underground alleys and streets
(fo to call them) are longer than those over,
jrround. All its wealth comes from these depths.
Nothing green can grow there. In general, nature
is tnrne topsvturvy.
But it is richvery richInterestinelv rich
The ppvrolls of the mines and smelters are
$2,000,000 a month, or about $30 for every man.
woman and child.
Within a radius of a mile from the courthouse
there are 125 mines in oueratlon and thev 'are
producing more 'than one-fonrth of the copner
mined in the world. From beneath the surface
of this 1.000 acres have "lreadv been taken
1.750 000 tons of Conner bullionpnousrb to make
an ordinary trollev wire, thv tel von. 1 000.000
miles long If nil the shafts drifts and cross
cuts in the hill around Wuttp n nni'er It
could be put together into one straleht tunnel it
would reschso thev nsiwire voufrom Butte to
the Pacific ocean. This wonderful place of
mlnrsnobody who bus ever seen 1t can forget
ItIs on the nath thnt rot -manv years ago
Sitting Bull ranged with his braves.
There are practfcallv nwtuner*
Norwav. The men are perhaps the fin
est in the world uhvsicallv. Armv ser
vice is universal otoly 2,^ per rent'of
youths are rejected for ohrBieaJ defects.
A NEW MEDICINE
THE FORMIC ACID OF THE INSECT
A VALUABLE TONIC.
It Augments Muscular Strength and Be
sistence to Fatigue-French Experi
ments that Seem to Promise Some
thing of Value.
Translation in the Literary Digest.
Having thoroly exploited the curative *j
powers of the bee, writers have now^i
apparently turned to the ant. The lat
ter, like the former, owes its medicinal-"!
virtues to the formic acid that it con-,.^
tains. Indeed, this acid owes its name-^
to the ant (Latin formica). But while
the living bee is able to administer a
hypodermic injection of the drug, the
ant must be killed in order to get it.
If we are to pudge from some recent
French investigations, formic acid is
likely to prove valuable as a stimulant
and tonic, and the high regard in -fthich
ants were held by the ancients 'as a
mediine would seem to be justified. Says
a contributor to Cosmos:
"The pharmacopeia of the ancients
borrowed from the animal kingdom a
number of medicamentsserpents' flesh,
snails, ants' oilfor the most part now
The work of Brown-Sequard opened
the way to research which has justified
the use of certain of these odd medi
cines, and has given a plausible explana
tion of some of them and of their mode
"We now extract from the thyroid
gland and the suprarenal capsules, ac
tive drugs that must be handled with
great prudence, and altho the modern
pharmacist has neglected to put the
flesh of the serpent on his list, the
scientists of the Pasteur institute make
a very active serum with its venom. I
"The secretions of certain animals,
such as musk and castor, have kept
their place in modern formularies.
"The ancients utilized crushed ants
as a topical application, and also in
ternally, especially in cases of peroph
eral paralysis of the iimbs. In some
countries the peasants simply plunge
the paralyzed limb into an anthill. I
Germany ants are sometimes used in
eneral baths in local vapor baths and
for paralysis, rheumatism
"Formic acid is a violent caustic,
acting perhaps with even greater ener
gy than nitric acid itself this action
could probably be utilized in the .cau
terization of tumors. Diluted, it is
sometimes used on inveterate ulcers.
whose cure it seems to hasten.
Formic acid enters into divers prep
arations of the old pharmacy, such as
the acoustic balm of Minderer, the
'water of magnanimity,' etc., and even
into several preparations used in Ger
many at the present day.
"According to the investigations or
M. Clement of Lyons, formic acid is a
very important drug. It augments con
siderably the muscular strength and
the resistance to fatigue. Ita
use causes to disappear the sensation
of fatigue in the limbs, often felt on
awakening in the morning.
These statements have probably only
relative value, but Clement has sup
ported them by experiments with Mo
so's ergograph on a young man of 22
years. The result showed
that after the use of formic acid the
subject was able to furnish ten periods
of work instead of five, and to raise
a weight 479 times instead of 232, mak
ing an expenditure of 106 kilqgramme
ters of energy instead of 21. In brief,
the formic acid made the man do five
times more work than his normal
amount. No known substance has hith
erto given such an excess of energy.
This note of M. Clement brought out
another from M. L. Garrigue, who has
been studying for several years the in
fluence of formic acid on the organism.
Garrigue uses the formiates of soda and
lime instead of the pure acid. He first
injected solutions into the veins and
cellular tissue of rabbits
after which he did not hesitate to ex
periment on himself. The re
sults were rapidgreatly increased ap
petite and cerebral and physical activ
first effect of
Admiral Kojestvensky has one daugh
ter, a fair yourfg girl of 20, who looks
far more English than Russian. She
was married to a Russian naval engi
neer before the outbreak of the wa i
and followed him to the east in the
capacity of a sister of charity. The
work of nursing the sick and wounded
proved too much for her and she re
turned to St. Petersburg with the inten
tion of accompanying her illustrious
father to the east on board the hospital
ship Orel. The admiral, however, re
gretted his temeritv in consenting to
allow her to sail with the Baltic fleet,
and when they put in at Vigo he sent
her home overland. Mme. Rojestvensky
is a stout, handsome lady, considerably
older than her husband. She goes very
little into society, and, indeed, is so
rarely seen abroad that many Russians
imagined that the admiral was a bach
elor, and the Novoe Vremva, comment
ing on his departure, stated that he was
the only admiral that had taken over
the command of the fleet that was not
CLEAE THE TRACK!
I see that some of the Sioux tribal
of Indians are buying automobiles.'*
"Getting 'em cheaper than white:
buyers could, I suppose."
"Because they don't need any honk*
honk! They can furnish the whoop*
DEAR TO HIS HEAET.
"Will you have another helpingf"
asked the' neighbor. You seem veryj
fond^of our ehickeitt*f
"And why shouldn't I bet" respond
ed Suburbman, who had been invited
to dinner, "whem I can detect the fla
vor of oar flowers in every atone!f
theyformiates,stometh or absorbed
ach, is to lower the arterial tension.
The subject soon feels more steady, hi*
thoughts are lighter, his nights better,
his appetite good. What is
the action? It remains still somewhat
obscure. M. Garrigue says: 'The for
mic salts do not act by their mass, but
by the impulse that they give to the
exchanges: they remain in the organ
ism, so that their effects not onlv accu
mulate but are infinitely multiplied.'
A recent commun'ication from M.
Ruchard to the Academy of Medicina
would appear to confirm these conclu
sions. The facts, however, are
not yet well established, despite these
investigations. We must still have con
firmatory experiments, but as the drug
is not poisonous these will be easy
carry out. It used to be said, 'Go to
the ant, thou sluggard!' Now we must
sav, 'O sluggard, eat ants thou shalt
thus incorporate their courage, thei
resistance to fatigue andwho Knows
perhaps their spirit of economy!'