THE SALT LAKE TRIBUNE, SUNDAY MORNING, MARCH 5, 1911. &hhI
lHfc g . ShHHHi
I f "ss. All Financial and Industrial News of the DaylfL.
I SEE MERIT IN
RflTEDEGISION
Financiers Believe It Will Have
I fjie Effect of Breaking End
less Chain of Prices.
PROSPEROUS SEASON
IN INDUSTRIAL LINES
Money Easy at New York and
Trade Moving Along in
Customary Channels.
BY RALPH EMERSON.
By leased Wire tf The Tribune.
E NEW YORK, March 4. One overshad
g owing1 consideration In the business
i. world during: the week was the attention
' fixed on the action which would be taken
f, at Washington on the Canadian reolproc
J lty agreement, Tlic stock market
s toward the middle of tlie week, when
f tlie chances for a vote on the agree -jt-
ment dlmlnlslied, began to give away and
' less activity prevailed. On Thursday
y prices suffered a slump on a marked
t- Incrense of selling activity and leading
i issues went below the low figures reached
J on last week's break, although the de
clines did not go down to the level '
r reached at that time in London. Yes-
lerday's dealings were, if not governed
! at least affected to some extent by what
', aro called technical reasons such as ap-
peal to professional speculators and rc-
late chiefly to the quantity of buying or
selling wljlch has been going on and the
extent to which quotations have moved
up or down.
5! While It is not considered that thefalluro :
to pass the reciprocity treaty Is alto
Lgcther responsible for the slump, still It
f cannot be denied lhaL it to a very great :
extent controlled the market on cer
r tain issues.
I An Uneasy Feeling.
Toward the end of the week an un- i
f ensv feeling that what, are called lcad-
f ing interests and Insiders have been bull- i
ish on the stock market only on ac
h count of the new financing of the year,
rami only so long as it held out promise i
I of continuing, began to make itself mani-
S fesl. Advices from abroad whore we i
r'hnvp been negotiating the sale of new se- .1
F curl tics have not been crediting these 1
f Interests with long range bullish views,
s There has been no let up in the pace of
K producing and marketing, at least tern- 1
I porarily. new Issues of corporate obllga- 1
1 tions and shares. The output of the week
k was fully 5100,000,000, the bulk of it go- (
ing to the account of February, which 1
p brought the total for the first two months )
f of the year to an amount S1SS. 000.000 In
s, excess of last year's offerings in the i
L corresponding period. :
t Insofar as the week's stock market re- i
I flcctod the railroad rate decision it ex- '
1 pressed refusal to accept the arguments 1
i
METAL 1IETS DULL
JT OLIWTJTIOi
Electrolytic Copper $12.37 1-2
12.50 in New York, and
Lead at $4.404.50.
'"."!"!"I'VV V V'l I IIJ W "I-VlVJ I
f
PRICES OF METALS
f IN NEW YORK MARKETS.
X Copper (electro) 512.:t7J(f?l2.nO
Lead, New York $l.4004.50
r Bar silver 523c
Silver in London -1 5-lGd I-
v -r
By Associated Press.
NEW YORK. March 4. The metal
markets were dull and nominally un
changed as usual on Saturday. Lake
copper. $ia.62ig)12.S7i: electrolytic, $12.;57J
10)12.50; casting. S12.0012.25.
Tin. 539.75(y)40.25.
Lend. $4.40(f?)4.50.
Speller, S5.G5tff5.7o.
Antimony. Cooksons, $9.000.50.
Iron: Steady, unchanged.
Evaporated Fruits,
By Associated Press.
NEW YORK. March 4. Evaporated
npplus firm, with small stocks and an
improved export demand; on the spot,
fancy Is quoted at 12?I3c; choice. 12c;
prime. llig?llSc; cold storage. S10ic
Prunes are firm; quotations from GJ
llic for Callfornlas up to 30-40s. and
lli5 12c for Oregons from 50s to 30s.
Apricots firm, with an increasing de
mand and small offerings. Choice. 13c;
extra choice, 13i(gU3Jc; fancy, lSJtfJUIe.
Peaches steady, with a little better
demand. Choice. 75fTj73c ; extra choice.
7J(Sic; fancy. Sig)9e.
Raisins, firm and inactive. Tjosc
muscatels. 5iiGJc: choice to fancy seed
ed, GlCy7ie: seedless, 42f'Gc; London
layers. SI.
which bullish quarters had been ex
tracting from this decision. Common
sense recognizes merit In the contention
that, the ruling did a good deal to break
the endless chain of prices of which so
much has been heard In the last year.
Encouraging Prospects.
The large orders for equipment' placed
and bids asked for on contracts, the con
tracts for railroad improvement and ex
tension awarded by western railroads,
and the roports from the mercantile and
manufacturing centers are encouraging
for a prosperous season In Industrial
lines.
The ease of the money market sup
ported the price level of stocks, although
at declines. This case was demonstrated
by preparations for the dlsbursment of
more than $100. 000.000 In Interest and
dividends this month without the slight
est fleeting effect on Wall street Inter
est rate. The weekly statement of the
great foreign banks covered the period
of month-end changes and by somewhat
less strong positions Indicated the ap
proach of the spring money market,
which usually gives the clew to the
financial character of the balance of the
year: but at the moment there is noth
ing to excuse apprehension that the se
vere strnln which developed In 1010 will
reappear In the present twelve months.
Schramm - Johnson, Drags
"The Never- SnbstifaSors"
! Our bargain list is not a very large one this week, but you'll
find it none the less interesting. These stores are always, as you
! "know, the centers of attraction for those who like good things at
inferior-goods prices.
' Sanitol Liquid, 50c size. 35c
i 0ur dy sPial at S) TooKto: :::::::: &
( one and four this week is Camcilinc :55c
Whipped Cream Choco- Week Sale on Stationery.
lates, Pound OOl ' 0l,r Btores yu may m,y
"Rrvsr zJiO this week papctrics at bargain
A figure. Boxes worth 35c, -10c and
50c you may have 29c
Cut Drugs, Special. ,
. These aro high grade, full
Syrup of Figs 3Sc money's worth at (ho regular prices,
Flail's Canker Cure 38c and are rare values at tlie sale price.
f: Pierce's Pellets 10c TT . m . . .
I Warner's Safe Cure S3c Hair ToniCS, Special.
f Condensed Milk 15c jIcrpici(l0i 50n hofjlo rSc
I Cut Toilet Preparations. . SS&W1' 'hbC
i Java Rice Powder 20c size 3Sc
f Milkweed Cream, 50c size 43c Seven Sisters Hair Tonic, $J.OO
Milkweed Cream, $1.00 s'r.o S7c -size 83c
Palm Olive Soap, 4 calces 25c f'oke's Dandruff Cure, 50c size. .3Sc
I Sanitol Liquid, 25c size 15c Coke's Dandruff Cure, $1.00 size 70c
Schramm - Johnson, Drags
"The Never-Satostitafors"
f
FIVE (5) GOOD STORES.
EXCHANGE 10 ON EITHER PHONE. '
I u.
I ( damages collkted!
0 i 1 SALT IjAKE CITY, UTAH. x5. i
315 I aiarch 1st. J'Jll. fS&S j
& ft 1 Merchantfi Protective Association, 3
y FranclH G. Lulce. Gen l M?r. S
01 Salt I.a Itc Clly. Utah. MP' 8s& j
'f Dear Sirs I want to lhaiI you for the ' . 3
settlernent you obtained for mc from thu ' MvM'l U
ajff Railroad Co. for damages sustained by W-S l
W - my daughter. I was lold all manner of rjiP'tV Cv A
'i things jibout you by people who did not ' YyL. V '1 ?
m like you and by parties representing- tho w'p" '
3 company, but you accomplished what "
A I ment J'oii obtained is entirely satlnfau- vfiffi
m 1 t0ry' 1 lnko Ples,,'e In recommending J
iff 1 I you t0 my rrleids- Yours truly, mfflfr v f
J 1 MRS. WISLLIE MOOflE. JC j
m 5 I We will collect about $:J0O.000.OO this f'l'FSK
I year for people -ho bcllevo In us. We JM',Wm-y-f ' tW
r i cannot collect for thoso who do not turn r-yfJi1 A Ay .
WK' Ji1 UlQlr claims, AVe collact peaceably, AhWWs' jV i t
l if possible: forcibly if necessary. ''rM MA 1
- O viirSl'tH
SjK MEEOH ANTS ' PROTECTIVE ASSOOIATION,
K' PunliBhcrs of Credit Rating Books.
jcUt Scientific Collectors of Honest Debts. 12 rooms. Commercial Block, Salt I
Higher Prices for American
Securities in London Source
of Some Strength.
SLUMP COMES AT THE
.END OF THE SESSION
Nov Low Records Numerous
After Calling of Extra Ses
sion Is Announced.
By Associated Press.
NEW YORK, March 4. Extreme dull
ness prevailed throughout the stock mar
Itct session which was characterized at
times by an undertone of strength. .Lon
don pricos for our securities closed gen
erally higher and this advantage was
more than sustained at the opening of
the local market.
That the big banking Interests are In
nowise disturbed by recent developments
was again attested today bv the pur
chase for international account of Sl!5.
000.000 drst mortgage ! per cent bonds
of the Pugct Sound division of the St.
Paul road. This announcement is of es
pecial significance because of the recent
weakness of St. Paul shares, accom
panied by rumors of a possible dividend
reduction.
European advices renort an Increased
abundance of money and easier discounts
In London. London and Paris bankers
are reported to have some more Ameri
can financing under' consideration, the
details of which are likely to become
public In tho coming week.
The stock market lost all Its early
gains in the lnnl hour when It became
almost certain that an extra session of
congress would be called and new low
records for the present movement were
numerous.
The bank statement was utterly at va
riance with forecasts. Instead of an ex
pected gain In cash tho actual tabic
showed a loss of 3.000.000. The actual
total cash reserve of the banks, is now
27.70 per cent, compared with 2S.0 1 per
cent last . week.
Bonds were fnirlv steady; total sales,
par value. $1.37G.000.
United Suites -Is lost per cent on trie
week.-
Closing Stock List.
Sales.l II. I L. IClae
Allls Chalmers pfd.. 200 31 I 309 32 J
Amalg Copper 2.900 02 (US fi2
Amor Agricultural .. 700 Tui ;03 ;
Amor B-et Sugar .. 3.00O lnj U HI
American Can 100 08 08 0i
Amer Car t F 200 :124 52 r.2
Amur Cotton Oil ... 100 GH Gil 005
Amer II & L pfd : 23
Amer lee Securities. 100 2lt 2U 21i
American Linseed ;! II
Amer Locomotive ... 400 37i 3d
Amer S & Refining.. A, -100 741 73ii 73R
Do pfd .- -100 105 10 IS 1013
Amer Steel Foundries 200 10 45 45J
Amer Sugar Refining S00 118 117 1173
Ahicr Tel & Tel.... 1,000 MS 1113 1112
Amer Tobacco pfd
Amer Woolen 1.800 331 331
Anaconda -Mining Co. 100 3S 33 3S
Atchison ll.noo 105J 105i 1058
Do pfd 102i
Atlantic Const Line. 100 1 10i HOi 110
Baltimore Ohio... GOO 103 102? 102J
Bethlehem Steel ...1 30J
Biook Rap Transit. l.S0O 79i 77 77
Canadian Pacific ... 2.100'213J 212 2134
Central Leather 2.500 30 2Si 2Si
Do pfd 300 lO.'U 102 102
Central of N .1 200 275 1275 270
Chesapeake & Ohio.. 2.G00 S2i Sli S1J
Chicago & Alton .... 21
Chicago Gt Western 300 21JI 21 21 J
Do pfd 131
Chicago & NT W 100 115 115 14-iJ
C. M ,t St P 5,000 1203 11DJ 120
C. C. C . St L 5S
Colorado Fuel & I... 100 32 32 31
Colo Southern 500 53 52 S2J
Consolidated Gas ... 700 1 10 1130 13DS
Corn Products 300 14 II 133
Delaware & Hudson iflfi
Denver & R G 300 31 j 31 J 3U
Do pfd 400 701 70'. 70J
Distillers' Securities. 300 3GJI .158 35
Erie 200 2Ri 27J 27?
Do 1st pfd 300 IS 48 47
Do 2nd pfd 200 3fi3 30 1 3G.I
General Electric .... S00 IIS 147 1147
Gt Northern pfd ... 1.800I12U 12.11 I23J
Gt Northern Ore ctfs 5001 58 5S 5SJ
Illinois Central 00ll3l" 1.1 1 1313
Interborough Met ... 2001 IS? 1S2 IS
Do pfd 500' 524 503 51
Inter Harvester 200IIltJilIG 115
Inter Marino pfd .... 100 10 IG 1G
Inter Pnper 200 103 101 10
Inter Pump 100 40 30J 30
Iowa Central 200 1GS 1G3 IG
K C Sou thorn 300) 33 I 33 33i
Do pfd I I GO
Lnrlodn Gas 00011 103 1 JO.l I0i
Louisville & Nnsh.... 200 111 li.ljllll
Minn & St I ! I 2f,
M. St P S St M. , 50011133 Mlill lli
Missouri. K & T... 300, 32S 32 I 311
Do pfd fifijj
Missouri Pnriflc 1.000 5G 55 I 55 A
Natlonnl Bineuit ... 1001122 122 1122
National Lad 2.2001 5231 51 I 51Q
N R of Mcx 2d pfd. I00 37A 3711 37
N V Central I ll.IWOllOGlllor.A'HU.Z
N V. O .:- W(stern.. 200! f Ml nil HA
Norfolk Western. 2,100! 103 102JU02S
North Amerlean I G0c
Northern Pacific ... 3,n'00:i21 120 120J
Pacific Mall 1001 21 24J 241
Pennsylvania 3.S00'I253 125 1251
People's Gas GOO. 101.1 103X 103?
p. c c .t si l: ioo no I m; a si
Pltlsl)iirg Coal 100i lf)J 10 101
Pressed Steel Car ...1 35
Pullman Pal Car l&sj
Railway Stool Spring 200 33 33 33
Reading 45,S00!l55 153S 154',
Republic Stool I a2
Do pfd , I. . . . .... 0SJ
Rock Island Co I.S00I 2.iq 28t 2!U
t. D, 20n! rs3 '"S 57A
St L & S F 2nd pfd. 200 41 II 0X
St Louis S W 2001 301 30 30"
Do pfd , . ..j fif.
Slops Shef S & 1 52
Southern Pacific .... .I.SOOlliog i i ij J in
Southern Ilalhvav .. 200 L'G .25J 20
Uo pfd 200! G31 r,: G3.1
Tennessee Copper .. 3001 37 3G4 37
Texas & Pnclllc .... 300 228 228 221
T. St L & W 200 -22 22 2"
Ho pffl 2001 52 52 I 5l"
t'nlon Pacldc .11.1001172 1703U7I3
Do nf, ! j,,'
S Realty 3,400 12 39 I 401
IT S Rubber I fit! A
S Steel GG.700I 753 T Igl 751
Do pfd I ins
Ftah Conner 2001 It II 4.15
Vn Car Chemical .. 2.200 GSE OS I GS
Wabash oi) Ifijl ir.81 1G8
Do pfd 1.400 .17 I 3GM 30!
Western Maryland . 200 50 I 4D31 .fiZ
Wcstlnghouse Elec. 400 G7J G7J,I. G7A
Western Fnion I 7-5"
Whenlinu' &, L E (..!' 5
Lehigh Valley I 2.2a0H72ll7lll7n
Total sales for tho day. 208,700 shares.
Money Markot.
By Associated Press.
NEW YORK. March 4. Money on call
nominal.
Time loans easy and dull: sixty days
23ff?3 per cent; for ninety days, 3(j73.l per
cent: for :dx months. 34ft?)33 per cent.
Prime mercantile paper, 44 per conl.
Sterling exchange, steady, with actual
business In bankers' bills at S4.S3.SGdt
I.Si.10 for sixty-day bills and at S4.SG.30
for demand.
Commercial bills. 54.S.H4.S33.
Bar sllvor. f23c.
Mexican dollars, liic.
Government bonds, .steady: railroad
bonds, steady.
BULL MOUNT I
THE CiTJOIJ MARKET
Nothing to Warrant the Forc
ing of Prices Upward at the
Present Time. '
By Leased Wire to The Tribune.
.NEW YORK. March M. Tlie quiet tone,
that marked the opening of the cotton
market recorded a decline of 4 polntn dur
ing the day with tlie trading very narrow.
It remains to bo seen whether prices can
be maintained successfully after tho
sharp rally which amounts to 05 points
from tho decline that carried prices down
to tho extreme low level of $13.70 on
February 16, to $14-65. on Thursday.
Within the same time the March option
had a recovery of SS points: July 74, Au
gust 61 from their low levels, while the
next crop options have had an extreme
recovery of but 20 to 25 points from their,
low levels. There has been nothing In the
movement of the crop or general statis
tics or trade conditions to have warj
ranted this bull movement. Even weath
er conditions affecting the new crop sit
uation have been very favorable and the
outlook is now excellent for a record
breaking acreage and one of the best
starts In years for a larger crop than
has yet been produced.
The advance from Its Inception has
been mostly of a force character, and
lias been cliictly nt the expense of the
short interest, with tho May option made
the leader in the movement. It has been
driven from a discount ranging from 3
to 5 points from July last week to a
premium of over 15 points with that op
tion. It Is also selling at a premium of
20 points with March and about GO prem
ium in comparison with August and near
ly 200 points or $10 per bale, higher than
the next crop options. With the short in-,
lercst almost entirely eliminated, It Is
a question whether these manipulators
will now be able to carry their bull move
ment forward, or even maintain the
present advance, unless something trans
pires soon to broaden the trndo demand
for spot cotton.
Today's cables report English spinners
of American cotton at Manchester are
discussing a proposition of curtailment of
yarns and cotton goods for a time.
Bank Statement.
By Associated Press.
NEW YORK. March 4. The statement
of clearing house banks for the week
shows that the banks hold $38,465,000
more than the requirements of the 25
per cent reserve rule. This Is a decrease
of $1,893,090 In the proportionate cash re
serve as compared with last week.
The statement follows:
DAILY AVERAGE.
Loans ..$1,327,999,900
Increase 9.6S1.SO0
Specie 307, 60S, 400
Increase 2,891, S00
Legal tenders 73,584,400
Decrease 1,329,000
Deposits 1,370,911,200
Increase 11.048.800
Circulation 46,703,300
Increase 4G.500
Reserve 3S1.192.S00
Increase 869,200
Reserve required 342,727, S00
Increase 2,762,200
Surplus 38,465,000
Increase 1.S93.000
U. S. deposits, Included 1,631,200
Decrease 21,100
ACTUAL CONDITION.
Loans $1,334,549,500
Increase 9.951,000
Speclo 307.3SS.200
Dccreaso ... 1.211,300
Legal tenders 73,130.700
Decrease 1.SS4.300
Deposits 1.374.GSS.900
Increase 5,344,300
Circulation 46.747.G00
Decrease 51.300
Reserve 3S0.57S.900
Decrease 3,095,600
Reserve required 343.672.225
Increase 1. 336.075
Surplus 3C.S4fl.G75
Decrease 4.431,675
U. S. deposits, included 1,630.500
Dccreaso 59,900
Summary of state banks and trust
companies of Greater New York not re
porting to the New York clearing house:
Loans $1,113,219,200
Incrcaso 2.2G9.20O
Specie 1G.2H.S00
Increase 53$. 700
Legal tenders ... 20.7G2.900
Decrease- 1GS.100
Total deposits 1.206.099.700
Incrcaso 3,359.500
The Financier will say:
Instead of a gain of something like
$5,000,000 in cash which tho known op
erations of the week Indicated, the New
Vork clearing house banks In their
statement of March 4 discloses a de
crease of $3,095,00(1 In speclo and legals.
The loan item Is Increasing gradually,
the gain last week over the preceding
wek having boon $9,951,000. The ex
pansion of loans was responsible for a
rise of $5,34 1,300 In deposits and the
increased reserve requirements, coupled
with the loss In cash, brought about a
decrease of $1,431,075 in reserves, bring
ing tho surplus above the 25 per cent
minimum to $30,846,075. which, however,
Is much abovo tho average for this sea
son. The figures above arc based on
tho report of actual conditions of llw
banks.
Tho statement of averages did not
differ much in the amount of loan In
crease, although In this compulation II10
banks made a gain of about throo-quar-trs
of a million In cash, while deposits
rose Si 1.000,000. Tho decrease of re
serve, according to the statement of av
erages, was only $1.S93,300 and the av
erage surplus stands at $3,685,000. The
summary of the trust companies and
other outside Institutions for the week
revealed an Incrcaso of about two and a
quarter millions In loans, a small do
crca.so In cash and an expansion of $3,
165,300 In not deposits.
Now York Produce.
By Associated Press.
NEW YORK. March 4. Flour, quiet
and about steady; spring patents. $4.95
5.15; winter straights. S3.907) 4.00; winter
pa tents. $4 20ff'4.50; spring clears. S3.90j .
4.25; winter extras No. 1. $3.253.50:
winter extras No. 2. $3.103.25; Kansas
straights, $4.20ji4..1o. Receipts. 20,300;
shipments. 22.400.
"Wheal Spot firm: No. 2 red. 933c ele
vator, and 95c f. o. b. afloat; No. 1
northern Duluth. $1.0Si f. o. b. afloat.
Futures market was easv curly on tin-,
cables, but rallied sharply on a bullish
1i I vale report on farm reserves and
strength In the outsldo markets, cloning
Wio not higher. May closed I)6?u; July
closed 953c Receipts. 10,800; shipments.
49.200.
Hops Quiet: state common to choice
1910, 25TP29c; Pacific coast 1910, lS5?21c:
1900. 14(5' 1 7c.
Hides Quiet; Central America,' 20Jc;
Bogota. 212210.
Flax, Oats and Cora.
By Associated Press.
MINNEAPOLIS, March 4. Wheat,
barely easier; demand was not as ac
tive and offerings wore liberal. Closing
range, 70593e.
Flax closed at $2 65J.
Corn No. 3 yellow, 42f?42ic.
Oats No. 2 white. 2Si29c.
Rye No. 2, SOJSlc
Chicago Produce
By Associated Press.
CI13CAGO, March 4. Butter steady;
creameries. lG0'26c; dairies. 15tfJ2lc;.
Eggs steady; receipts 9393 cases. At
mark, cases Included, 12(fil lc; firsts, I6J
(fplVlc: prime firsts, injfoUOc.
Cheese steady; daisies. 121c; twins.
123c; young Americas, 12J14c; long
horns, 123514c.
WHEAT HIGHER
II GBO PIT
Defeat of Reciprocity Agree
ment Strengthens Position of
the Bull Element.
BETTER TONE, ALSO, IN
THE FLOUR BUSINESS
Corn and Oats Move Upward
and the Provision Market
Is Stronger.
By Associated Press,
CHICAGO, March 4. Wheat closed
strong today at tho highest point of the
week. The main reason was 'the defeat
of all chance for Immediate enactmont
of reciprocity. Last trades showed a net
gain of lie to lH3Uc Every other lead
ing staple on change finished also at an
advance corn, Jc to i8c; oats, lJc,
and provisions. 23c to 17jc.
A better tone In the flour buslnoss,
over Sunday covering by shorts and de
cided activity on the part of bull lead
ers, contributed towards forcing wheat
to a higher level. Smallness of primary
receipts had a part in bringing about
the general scampor by shorts. Mills
northwest led In the buying and there
was unmistakable giving out of bear
pressure. None of these conditions, how
ever, had full swing at the start. Dur
ing tho early portion of the session. In
fact, a weak feeling prevailed, chiefly be
causo of a decline at Liverpool.
Extreme low and high figures for May
were 89J91ic with tho latter rullnc at
tho end. a rise of ialic compared with
twenty-four hours before.
Signs of considerable export buslnoss
strengthened corn. May ranged from
47Sc to 4SJc. and closed 8c to jc net
higher, at 4Sii348Jc. Cash corn was re
ported slow. No. 2 yellow finished at
46i47c.
Oats rallied leBs than other grain. May
varied between 30!(g)30Bc. with the close
Jlc up at 303c.
Improvement In provision prices came
from the strength of grain, better coll
from the south and the relatively high
quotations for lard In England.
Pork at tlie end gained i10c to
l7ic: lard. 7Jc to 7iS110c and rlbB 2Jc to
12c.
RANGE OF THE LEADING FUTURES.
Wheat Open. High. Low. Close
May 90 DU 893 916
.luly S8J 90 SSi 90
Sent S7J 891 S71 89i
Corn
Mav 471 4Si 476 4Si
July 4S3 43i 4Sjj 49
Sept 49! 50i 491 50
Oats
May 80J 308 301 306
July 30i 30S 30 30i
Sept. 30 301 29i 301
CASH QUOTATIONS.
Cash quotations were as follows:
Flour Stoady: winter patents. $3.90
4.35; straights. $3.606?4.20; spring patents
straights. $3.SOtf74.00; bakers'. 53.004.40.
No. 2 rye. SSiSOc. Feed or mixing bar
ley. 6575c; fair to choice malting, 901?
96c. Flax seed. No. 1 southwestern, $2.50;
No. 1 northwestern, $2.67; timothy seed,
$11.75; clover, $15.00. Mess pork, per bbl..
$IS.7519.00; lard, per 100 lbs.. $9.15:
short ribs, sides (loose) $8.76fT9.50; short
clear sides, (boxed) $9.50(0)9.75.
GRAIN STATISTICS.
Total clearances of wheat and flour
were equal to 207.000 bushels. Primary
receipts were 355.000 bushels, compared
with 611.000 bushels the corresponding day
a year ago. Estimated receipts for Mon
day: Wheat 9 cars: corn. 330 cars; oats.
1 IS cars ; hogs. 37 000 head.
A PROMPT, EFFECTIVE!
REMEDY FOR ALL FORMS OF
IrheumatismI
9 SLmmbasro, Sotatloa, Neuralgia, H
Kidney Trouble end H
If Kindred Diseases H
H Applied externally it affords almost ln-H
H stant relief from pain, while permanent H
m results aro boln? effcoted by tokiur I tin- H
tornally, purlfyln? the blood, dissolving H
K the poisonous substance and removing it H
from tho system. Mb
I DR. O. L. GATES
Hancock. MJnn.i writes: sal
J "A little B'rl hero b4guch&CTAVb&okoaad Kfl
lj Rheamatlim and KJdney Troubla that ho HI
3 could not lUnd on Uorfeot. Tho moment thoy H
3 pother down on the floor iho iroald tcroam H
P Trlthp&lni. Itrfittclhorrlth"H)UOP3" and HI
M today ho rani Around an nail and happy as can HI
bo. I prescribe "5-DHOPS" for tar paUtnto "M HI
uo It in mjr practice" HI
W Large Blze Battle "G-DIZOPfl" (800 DoiariHI
EX l.OO. For Sulo by DrnggUu M
I SWAHS0H RHEUMATIC 0DRE COMPAIV. I
Dept. 80 171 Luke Stroot, Chicago H
f PILLS m
EM Act quickly and nently upon the iH
HA digestives organs, currylntr off tho
H disturbing olemonta and eataollsblng H
If a healthy condition of tho liver, (H
3 stomach and bowels. H
I THE BE8T REMEDY M
I FOR CONSTIPATION I
Hft Hemrtburn, Botching, Liver Mm
Troubla, oto. JHj
23 Cents Par Boa Am
AT DRUOQISTS jAmW
For 6alo and rccommeudod by
8CHRAMM-JOHNSON, DRUGS. 1TVE
STORES.
HICHESTERrS PMM
TUE UIAMOND It RAND. a
7Bj'5 I'Sdlrat Aakyour lrupfflt tar
T3V -ttJK with niuo Rlhbon. W
til Anlt0 BO otlior. Ilnr of your V
fe g OlAMd.lD BRAND rjajfa?
KFl SOLD BY DRUGGISTS EVERVWHER&
- -
I LIVESTOOK QUOTATIONS.
' Omaha,
By Associated PreBB.
OMAHA. Neb., March 4. Cattle Re
ceipts 100 : market steady. Native
steers, ?4.806.40; cows and heifers, $3.5
85.G5; western steers, $3.76(3G: range
cows and helfcra, J34.85; canners, $2.85
3.85; stockers and feeders, S3.75(G;
calves, $48; bulls, stags, etc., $4(8)5.25.
Hogs Receipts 5609; market strong to
0 cents higher. Heavy, $G.76(g)G.80;
mixed, J6.806.85; light, $6.85G.95; pigs,
$6.256.90.
Sheop Receipts 100: market steady.
Yearlings, $4. 65g5.35; lamb3, 55.40G.
Kansas City.
By Associated Press.
KANSAS CITY, March 4. Cattle Re
ceipts 300; market steady. Native stoers,
55.5006.75; native cowh and heifers, $3.20
(3G: stockers and feeders. $4.755.90;
bulls, $4.50g5.25: calves, $5S; western
steers, $5.256.25; western cows, $3.25
5.25.
Hogs Receipts. 2G0O; market steady to
5 cents higher. Bulk of sale3, $6.907.05j
heavy, 56.85(0)6.95; packers and butchers,
$6.907.03: light, 577.10.
Sheep Receipts none; market steady.
Muttons, $4S)4.G0; lambs, 55.406.10; fed
wethers and yearlings, $4.25(g5.50; fed
western ewes, $4g4.36,
Chicago.
ByAsaoclatod Press.
CHICAGO, March 4. Cattle Re
ceipts estimated at 200; market steady.
Beeves, $5.257; Texas steers, $4.40
5.80; western steers, $4,755.S5; stockers
and feeders, $4ig)7; cows and heifers, $2.70
36: calves. $77.725.
Hogs Receipts estimated at 7000; mar
ket 5 cents higher. Light, 50.9551)7.25;
mixed, $6.85()7.20: heavy, 5G.70'Q)7.15I
rough, 56.70G.S5: good to choice heavy
$6.85g)7.15; pigs, 5G.90'g'7.25; bulk of sales,
$6.95f07.15.
Sheep Receipts estimated at 1000;
market steady. Native, $3g4.60: west
ern, S3.2554.80: yearlings, $4.75(5)5.75;
lambs, native, oGS; western, $5,25
G.25.
St. Joseph.
By Associated Press.
SOUTH ST. JOSEPH. Mo., March 4.
Sheep Nominal; prospects, steady;
lambs, $5.75G.15; yearlings. $4.8057)5.30 ;
wethers, $4.004.55; ewes, $4.004.25.
Cattle Receipts, 50; prospects, steady:
steers, $5.256.60; cows and heifers. 53.75
(g'C.25; stockers and feeders, $4.50(g5.S5.
Ooffoe Futures Steady.
By Associated Press.
NEW YORK, March 4. Coffee futures
closed stoady at a net decline of G(g!14
points. Sales. . 20,000 bags. March,
lO.OSc; April. 10.04c; May, June and' July,
10.10c: December, 9.51c.
Spot coffee, unsettled. Rio No. 7, 12ic:
Santos No. 4. 12Zc.
Mild coffee, nominal; Cordova, 13 J5?-153c.
INTEREST SOON I
L0STJP1IC
Rate Decision Upset the Mar-
ket, but Its Influence Was mrnm
Not Long Felt.
WALL STREET WONDERS
WHAT NEXT TEST WILL BE
Saturday's Market Fairly Ac
five, Taking All Things Into
Consideration.
By Leased Wire to The Tribune.
NEW YORK. March 4. A fairly ac
tlvc stock market for Saturday. The
sales exceeded those of this date a year H
ago, both In number and of value. H
Total sales wcro 265,080 shares, $1,810,- HHHJ
000 bonds. A year ago 1SS.S40 shares HHHJ
and $1,406,000 in bonds. IHHHJ
From the financial market's point of HHHJ
view, the experience of the past ten days HHHJ
brings to the foreground two familiar HHHJ
principles. One is that whenever the en- HHHJ
tire community has made up Its mind HHHJ
conclusively that nothing can happen to HHHJ
get things out of the rut. something In- HHHJ
conveniently happens; and the other is HHHJ
when such thing has happened, it Is al- HHHJ
most Immediately forgotten. The event HHHJ
which promised to be so prolonged a HHHJ
topic of public interest turns out to be HHHJ
not even the traditional nine days won- HHHJ
der. Three days exhaust Its possibilities. HH
Markets have passed through both sets HH
of experiences already in regard, to the HH
railway rate decision- In the middle of HH
last week nothing was more remote from HH
the stock exchange calculations than a HHH
sudden and violent shock which would HHH
test the foundations of the market. It HHH
came, it has passed, and now Wall street HHH
is merely wondering again what the next HHH
St. Louis Wool.
By Associated Press.
ST. LOl'IS, March 4. Wool, un-
changed. Medium grades, combine and HHHJ
clothing. 20i23c; light line, l.-frlfl. : HHHJ
heavy -line. 150)17c: tub washed, iOtpSe. HH
It is too often that the mere mention H
of the word advertising to a business H
man affects him just as the rude four- H
footed beast is deeply moved by the H
waving of a red rag. H
They both want to fight. H
But surely we of the legitimate are H
not accountable for the crimes that have H
been committed in the name of adver- H
tising. H
The experimental stage in advertis- H
ing is passed. As some would say, the H
lane has had its turn. But it was no H
lane at that it was simply the obscured H
bypath of maiden effort. H
NOW we who make advertising a H
BUSINESS are upon the highway of H
proven methods and sure returns re- H
turns upon every dollar appropriated H
4 as sure as the sun rises and sets. H
The measure of returns which our H
Company secures for its clients is only H
limited by the, appropriation. H
We wish to take these methods and . H
apply them to YOUE business. You H
don't want to have to SCRAMBLE for H
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Why not let us have I
your account now? I
Mubiwd Publicity Company I
Advertising Experts I
502-3-4-5 Herald Building I
Bell Phone 1577
!ll "LEAVE IT TO XJS 1 1 I