Newspaper Page Text
if PER SECURITIES
f FEATURE OF MIKET
J Movement of Stocks Insignifi-
I cant, the General Trend
j I Being Downward.
Pi I '
lOOR BANK STATEMENT
I
Report of the Pujo Commit-
(tee Not Yet Digested by
if Wall Street.
I
f
INEHV YORK, March 1. Except for the
J trength of the copper group. In which
Ufftlna ran to over 2 points, tho movement
!hf stoclts today was Insignificant. There
tr&s some soiling early In the session by
com traders on account of tho govern
s nenl's suit against Corn Products, news
5 tt which reached the street some time In
j dvancc of tho actual filing of tho suit.
i ,nd the recommendations of tho Pujo
taoney trust" committee.
.Corn Products stocks held fairly steady.
' Fhe preferred, which broke over 4 points
l ;estcrday, declined 1J today, but later
allied to a point ovor the previous close.
'ho movement In tho common was frac
0 lonal.
0 JvThe report of tho Pujo committee had
1 ot been digested thoroughly enough for
f he formation of conclusions on which to
6 i hec speculative action. "While some of
:s he recommendations of the committed
'ere regarded as of a character to give
S fall street deep concern should congress
I onslder seriously tho enactment of such
sglslatlon, there was a disposition to
1 Ismlss this and all other political con-
2 derations for the present, until tho new
J amlnlsrratlon Is at work.
j,The bank statement was decidedly un
f vorable- revealing a cash loss In the"
1 jtual table of $?,GC1.000, an amount con
J dcuibly in excess of estimates. The
, irpltis reserve was all hut wiped out,
elng cut down to J2.n90.000. This condl-
on probably Is a temporary one, how-
li iBonds wort steady. Wabash -Is wore
ccpt!onalIv strong. Total sales, par
Slue. JO 17.000.
-pjinlted States 2s declined 1 on call on
lie week
J?j Closing Stock List.
1 " ISalcs.lItlKlilrow.lO.nd
'r! rinli; f'oppcr 19.C00 C9?il GSUl 03U
IS. nrr Aprl 1001 ElVi Sl'J Gl
Z mer Uo-t sugar I 3S
V nor Cai) 1.10(1 3:i54 35it
Jo pfi! 1.-I0O 125 .i i:U$M2U
u mir Car 6. Found 400 mi Vjyt Wi
!,i iucr Cotlon Oil AS
ia iuer lee Su . 300 2IU 2itfl "i
ctit I.lnsueil I 91
IEritr l.ocn 203 33t 3:.l 35U
mrr Sintl: Rcf 7001 G9S1 CO CUVi
io pfd 200 103 IO3?;ll03-i
iter Snnr Hcf Illl'.i
flcr Te) & Tct COO 132'; 132!l32!4
Bir TobaTi ; - . 1 20
J Uconda .Milling Co 1,000 3GVi 33! 35';
rj ciiison seo' 102 uu;iou;
i ao pfd iooioo.i u'o;ltoo
n .tnntlc Coast Uno .-. 1001123 123 Il21
.7 lit tc Ohm -(OO'lOHillOOlillOlv,
mi sici-i 2co sr.l sr.vil 3t;
n, ool: Rapid Tr 300 SO'.ll S'J S9
inmlUn P.nlflc 3n0!23Pl23Hll:30-S
V ro'.ra! I.cslhrr 100 2Ss; 2SUI 2S'
1 icsh Ohio f.00 735i 7l 734
& llrif.n O.cut Vti 11)0 l IS I
ON 1? Ml (: Sf Paul 1.200'lOii 10SaM0Si-i
VV tc H W 2001 13CT; 13GUI135
,i il iitI A Iron 200! 337 33s; jjjv,
rt'i (in , 1.110H32I.4 13P.4ll32Vi
irn l'rodnc'.t I.&'lOl 12i 12 I 12V.
f ila ft HihUoii I JOOllCOillCO'illjiJ
D fi II f tS
do pfd 35
DM Sec 1
Krlo i 1.300 27'.i 17 27i
do 1st pfd 100 Vi H 43?;
do 2nd pfd 3tj
Onneral niectrlc W 135U 139 129
Great Northern pfd S00 .Z& 12SH Z"-n
Ortat Nor Ore Clti 200 ZS'.i 33 35
Illinois Onual 100 123 123 122
Intr Mt 300 1 74 17 17
do pfd 700 L&H IS 6?
Inter Harvester 1W
lntor Marino pfd
Inter Paper - H'i
Inter Pump 13
K C fiotithom 21
Lacledo Gas -
Lehigh Vallar 1.G00 1M4 ISCt;
IU Sc N'ftoh 600 12.11 133U 132U
Mln St P & H St M 100 136H 13Ci 136
Mo K & Tola 100 2SH 25S 2SS
Mo Pacific 3CO 37U 37 37H
Nat nlocult 100 111 1151 115
Nat Iead M
Nat Rr Mex Id pfd
N T Central 300 lOJM lOfiVl 10V4
N Y Ont fc Wrat 301;
Norf & Western 200 103',4 103',4 105
North American 100 78?i 7SH 78
Northern Pacific f'M 1IS
Pnrlflc Mall , , .... ..... 27
Pcnnaylvanla I 2.0001201illl9 I19vi
People's G03 11
Pitts O C A St Lou 9C!u
Pitts Coal 100 2Ui 21'-1 21
Pressed Stcol Cur NK 27 2GTfc 2C14
Pullman Palaco Car 100 TAVs 15S 158
RradlOR 2, 100 157 153T4 ISC',4
Ilepub Iron & Steel 2
do pfd 85
Jloclc Inland Co 300 22i 22H 22
do pfd 1M 38 38 38
St Lou : S F 2d pfd 100 21 24 2P4
Senhoard Air Line 18aI
do pfd 200 H u
Slow Shef S A I 35
Southorn Pacific 1.100 99 99 99'4
Southern n COO 2C 23H 25
do pfd 300 SOU SOU SO
Tonn Coppor 800 87 H 37 37
Terna & Pacific 200 I8H 1854 18 1
Union Pacific 5,300 I53H 152H 152T-i
do pfd 100 S 84 84
U S llealtr 9
U S nnbber 900 C2l 82 C2
U S Stocl 12,100 C1H G1H WH
rto pfd 00 107 107 107
Utah Copper 2.SO0 54 E2-H 54U
Va Carolina Chem 100 82 22H l2Vi
Wftbosh 300 3 3
do pfd 200 11 10 10
Wciitern Md 1
Wentern Union 200 it (19 C8
WestlnK niectrlc 00 C9 C9 9
Wheel A Like Hfle 100 6 CV S
Total Bales for tho day, 130.000 ybnrti.
New York Bonds.
U S rcR 23 re 100H 1C C So rcf an , 57
do 2 roup 100 L S deb 4s 1531 91
do 3k rec 102 L & Nfob Un K.... 97
do 2s coup 102 Mo 1C T lt 4s.. 52
do 41 ivk H3 do Ron 4"
do coup M3i4 Mo Pacific 4s 70
Pans 3s coup 102 do conv Es 8f
Allln Clnl 1st Kb... E9 Nat Ry Mex 4a .... SI
Am A:rl Cs 100 N V C Ken 3s 84
Am T ft T cv 4n....l02 do deb 4n SS
Am Tob 6n 121 Nor Pacific 4s 07-
Armour & Co 4s .. 90 do 3s .....07
Aachlson r.cn 4s .... 07 O S Ij rfdc; 4s 83
Ball X-. O 4a 9C KeadlnK Ken 4n .... 9G
do 3c 89 St Ij fc S F f(j 4a... 76
Clicsa & O 4b 100 do Ken Cs 79
do conv 4iir. W) So Pacific col 4s ... 93
r. B & Q Joint 4m.... 93 do cv 4a 90
do Ken 4k 9I'.4 S P R P. 1 ret 4a. .93
D .t P. G ret Ks 81 Un Pacific -is ....... 9S
III Cent I rof 4a ... 93 do cv 4a 91
.Int .Met 4B 79 do 1st rcf 4s .... 93
hit M M 4b C4 V S S 2d 53 100
Japan 4a 87 Wab Int cxt 4s GO
COTTON GOODS.
Movement to Distributing and Retail
Market Continues.
NEW YORK, March 1. Tho move
ment of cotlon goods to distributing and
retail markets continued in large vol
ume during tho week. The retailers woro
particularly actlvo In their purchases
of wash fabrics, white goods and dress
cottons. Domestics, prints and staples
of other characters also woro bought
from the mill agents In full enough vol
ume to prevent accumulation.
Fall River stId 1-40,000 pleceB of print
cloths during the week; half were spot
delivery. The export demand for China
has ceased for the time being, after 30,
000 bales were sold. The exports from
Now York uro about up to those of a
year ago. Jobbers throughout the coun
try are keeping stocks down and order
ing In small lots.
The easing of cotton values has not
unsettled cloth values as much aa was
expected, due to maintenance of domand
for cloths for consumption. There is
still a restriction of product because of
labor difficulties,
METAL 1IETS ARE
DULL ID N0MI1L
No Change in Lead and Cop
per Prices; Silver Ad
vances a Fraction.
' : ' : : 1 : ' : : 1
Copper (eleotro.) $15.00
J Lead, New York ....unchanged !
n Bar silver bSlc
4 Silver In London 27 3-lGd
NBW YORK, March 1. Tho metal
markets were dull and practically nomi
nal. Lake coppor, $15.25; electrolytic,
$15; castings, 514.75.
Iron Unchanged.
Bank Statement.
NEW YORK, March 1. Tho statement
of the actual condition of clearing house
banks and trust companies for tho week
1 shows that they hold $2,690,250 reserve
In excess of legal requirements. This Is
a decreaso of $10,483,400 from last week.
ACTUAL CONDITION,
Loans $l,978,8b0,000
Increase 11,893,000
Speole 330.57S.000
Decrease 8,757,000
Legal tenders 82,231,000
Increase j 96,000
Net deposits i;S23,781,000
Ineranso S.S74.000
Circulation 46,4,000
Increase 55,000
Banks' cash reserve In vault 346,019,000
Trust companies' cah re
servo In vault 66.970,000
Aggregate cash reserve 412,959,000
Excess lawful reserve 2.G90.250
Decrease 10,483,400
Trust companies' reserve
with clearing house mem
bers carrying 25 per cent
cash reserve , 53,47,4,000
Summary of stato banks and trust com
panies In Greater New York not included
lri clearing house statement:
Loans 5 574,129,300
De'crease 3.O3O.S00
Specie C5.430.800
Increase 5B1.000
Legal tenders 7,779.500
Decrease 125,900
Total deposits 633.U0.900
Decrease 1,959,900
The Financier says today:
The principal feature of tho state
ment of New York clearing-house banks
for the week ending March 1 was an
unexpected decrease of $S,G01,000 in cash.
Loans expanded 511,893, 000, owing doubt
less to the March 1 dividend and Inter
est period.
The effect of tho increase in loans and
the loss In cash was to bring about an
expansion of SS.874,000 in deposits, which
of itself called for additional reserve re
quirements and the not result was a
shrinkage of $10,483,400 in surplus rc:
servo, tile present excess a.Tiove the 25
per cent minimum standing at $2,690,250.
It Is not llkelv that tho reserve will
remain at this low figure, but for the
present It indicates that unless the hanks
further increa3o their cash holdings,
flrmor money rates arc not at all unlikely.
STEEL TRADE.
Early Demand From Machinery Manu.
facturers for Bars.
NEW YORK, March 1. The most Im
portant" development in steel during the
week was tho early demand from agri
cultural machinery manufacturers for
steel bars and other products to cover
requirements to July, 1914.
New orders for steel bars, plates and
$3.50 Recipe Free,
For Weak Men.
Send Name and Address Today.
You Can Have It Free and
Be Strong and Vigorous.
I have In my possession a prescription
for nervous debility, lack of vigor, weak
ened manhood, falling- memory and lam
back, brought on by excesses, unnatural
drains, or the follies of youth, that has
cured bo many worn and nervous men
right In their own homes without any
additional help or medicine that I think
every man who wishes to regain his
manly power and virility, quickly and
quietly, should have a copy. So I havo
determined to send a copy of tho pre
Kcrlptlon free of charge, in a plain, ordi
nary sealed envelope to any man who
will write mo for It.
This prescription comes from a physi
cian who has mado a special study of
men and I am convinced It Is tho surest
acting combination for the cure of defi
cient manhood and vigor failure over put
together.
I think I owe it to my fellow men. to
send them a copy in confidence so that
any man anywhere who is weak and dis
couraged with repeated failures may stop
drugging himself with harmful patent
medicines, securo what I believe Is tho
quickest acting restorative, upbuilding.
SPOT TOUCHING remody ever devised,
and so cure himself at home quietly and
quickly. Just drop m a lino liko this:
Dr. A. B. Robinson. 3897 Luck building-,
Detroit, Mich., and I will send you a copy
of this splendid reclpo in a plain oral?
nary envelopo free of charge. A great
many doctors would charge $3.00 to $5.00
'or merely writing out a prescription like
this but I send It entirely free.
shapes continued heavy, falling only a
little short of full capacity of finishing
mills, but shipments were even larger.
The railroads during the week placed
fewer orders for shipment. Tho principal
rail order of the week camo from the
Great Northern. Several Important con
tracts were placed by street railways.
Locomotive builders booked orders for
133 engines. Car orders wore relatively
light, Including 350 for the Cincinnati.
New Orleans & Texns Pacific, and 400
which tho Michigan Central will build at
Its pwn shops.
Activity continues In steel buildings
work, hut Individual contracts were
small. The total tonnage for the month,
however, exceeded that of January by 15
per cent.
New York Produce.
NBW. YORK, March 1. Flour Dull and un
changed: r.prlnj; patcntR, Si.A0lH.tt: winter
straights. Jt.50iH.G0: trliitt-r patents, $U0fl.'.10;
spring clears. H.:0T.35: winter extras No. 1.
3.00ft.15: winter catraa No. 2, J3.SO03.3O; Kansas
Biraklits. U.lOTti-M.
Wheat Spot. Fteadr: No. 2 red. $1.0014 olevator ,
and J1.1114 nominal f. o. b. olloat; No, 1 north
ern Duluth, Sl.Ol'i f. 0. b. afloat. Futures,
atendjr in nbsonco ot eolllnff prerisuro and In sym
pathy with outsldo mnrlf.ts, dnslnc unchanncd to
Uc net lott'er. May. 9S lS-lCffOD 3-16c, closed
3S 13-lGe; July closod OSe; Septonibor, SGTic
Bonded May closed G7c asVcd: July. 974c aeked.
Receipts. 77.000 bushelo; shipments. C000 buuhols,
Hopa Steady: r.tato. common to choice 1912.
20?727c; 1911. 10fl15c: Pacific coast 1912. lGif22c:
1911. 12S10O
Hide Firm; Central American. 30K.c; Bogota.
Pntroloum Stoady: refined New Tork barrels.
SS.E0; do. bulk, J4.SS; Philadelphia barrelu. :8.C0:
do. bulk. J4.S5.
Wool Steady: domestic fleeco XX Ohio. 31ft32e.
Ravr sugar Firm; muscoTado, -S9 test. 3.04c:
centrifugal, .3 teat. 3.54c; molanaca. .89 test.
2.79c; refined, steady; cut loaf, 5.15o: crushed.
5.05c: mold A. 4.70c: cubo-i, 4.60c; XXXX pow
dorod, 4.G0c, powdered, . 4.4Gc; cranulated fine.
4.35c; diamond A 4.26o.
Chicago Produce.
CHICAGO, March 1. Butter Firm;
creameries, 2S351c.
T3Ss Firm; receipts, 81G1 cases; at
mark, cases Included, 3SlUc: refriger
ator firsts, l-iigiloc; firsts. 20c.
Potatoes Steady; receipts, 50 cars;
Michigan, 4G6?MSc; Minnesota, 548c;
Wisconsin, 434Sc.
Poultry -Steady: turkeys, dressea, 21c;
chickens, alive, 14jc; springs, alive, 16c.
tb it
oil &
Ikickels and Dimes Built the Two Tallest Structures
II in America
I Let Nickels and Dimes Build Something for YOU
f: They can build you a HOME.
I They can build you a FORTUNE. , I
And you do not miss them as they build. ; v : jl
The Metropolitan Life -building in New York is 52 stories ktSrA
j. high; it was built by nickels and dimes paid for industrial in- . '-i flfS' '
The F. W. Woolworth building in New York, when completed, . , 'yj a sS ji;;'.!
JgL win be 55 stories high. It is being built from the proceeds of five v A jj j! j;
and ten-cent stores. 3 f , ''''
I I What becomes of YOUR nickels and dimes? -' jil jj (
ifyM Let us help you put them to building for you. jj S j
Asa first step, call at the savings window of the bank and secure FREE
.CT a vest-pocket coin-saver. M jj ;; S
vBBHB! '''.1 1 1 This novel little device can be carried readily in the pocket. a
rfSfljS? . Instead of spending your nickels and dimes, slip them into the h fli ? ' 'fy
H mlMln f coin-saver until you have $1. Bring this to the bank and open ', ffi jS B 111 ''.
IffT'l a savin8"s account. We will then lend you a handsome nickel lflil'11 1 "n.i
iSfflffi1'1' Plul;Gti "Receiving Teller Coin Safe," which counts your money ' S "J " '" "
1 llil!! I"'!!!! EacU "J2t Put yur nickels and dimes in the coin safe with such-quarters ' f I 'J'JJ ;;;;;;;;
-. 1 XE LLU llJU I" Mi! '- and half-dollars as you can spare. Onco a month hring tho little safe to tho 1 , m WjM
WmJTn6jjn III m mi - hank for doposit in your savings account. Here 4 per cent compound interest . . fJ ffwjsfw iiiu""'"
Offlllrlii "" G Stadily addine ot"or 111011018 aml dimes for you, without effort on your f 1 " ' '"'
tfflfflnllllri ' " Th1'-5 taljlo shows how nickels and dimes will "build up a fund for you if de- ' '.Wt I 111 " '"I,,,,
iBBtltlillio' 1 positod regularly in a savings account at 4. per cent compound interest: ' R; rtw t 'u,,
wWm& ' Wecklv Total in Total in Total in Total in ;; T 83 tS 11 !!!!!
teil Klftum ,!:!:: saving .s years. g"5' 20 y5o"' V'l'S ' EOT I 1 '" " "'
atnfl tnl BR E S $a.i)0 son " Goo " i.eu n,i77 fc ffl '!!!!!"'
lilBllUun 0 00 535 1,301 3.22s 10,355 j. hnm m l.''"'
Wm' ffv ;t 500 1102 3,252 8,070 "5,8S5 KlIFip
ifli mffilti "' One man well known in Salt. Lake opened a savings account in April, 1011, . 'I ttIwi i'iih'1' I
Jul Baiulin 'f with this bank, ' 'Just for fini 'Mic started tho system of never spending diuic,. -iffliilf it H1 H
r Fjrl- hut depositing all 10-cont pieces iu his saviuya ueeount. The result hue surprised V'-.i; . j 1 .,ni 1
'a rillf I ' ; ' - him. His savings have averaged $1.70 a week, or 21.3 cents a day. When his ;- uTlO S
iWMlwJ ' " ' interest is added tho first of next month he will have $1SS.-M. Of this amount . fifflrTM. f
' ,UffWMB I I " ' $1.1.01 will have been added by tho bank as interest. J11 20 years at this rato . SwJf
" UHJLi' -'. ue have $274-1, and in 10 years $8801, built up by nickels and dimes.
iJ Metropolitan ' Woolworth
I Mding Call at the bank NOW and get a free vest-pocket saver. EuIldin
I I Begin building for the future with your nickles and dimes
li WALKER BROTHERS BANKERS
ill Founded 1859. "A Bank for All the People,
Gil PRICES DROP
IN CD MARKET
Prospects in American Wheal
Belt Flattering; Primary
Receipts Heavy.
CT-nOAGO, March 1. Abundance of
moisture, good snow covering and mild
temperatures gave wheat prices today a
tendency to fall. The market closed
weak, iJc to $3c under last night
Corn showed a net decline of i8ic to 2c,
and oats a drop of ic. In provisions
thero was a it setback of 2Jc to 10c.
Flattering prospects Jn the American
winter crop belt quickly turned the at
tention of wheat speculators from cabbies
that told of decreasing stocks at Liver
pool and of reduced acreage In Rumania
and Bulgaria. Moreover, export bids
were out of line and there was word of
free offerings by Argentina. In conse- i
quence, an upturn at the start was soon
more than offset.
Diminishing receipts both northwest
and southwest proved Insufficient to
"bring about any material rally In wheat.
It was noticed, however, that bottom
prices reached were but little below those
of tho day before Primary receipts
amounted to 624,000 bushels, agalnGt 439,
000 bushels a year ago; seaboard clear
ance of wheat and flour equaled 300,000
bushels.
com received only meagor support. It
was estimated that not to exceed 20 per
cent of the Immense stock on sidetracks
hero had yet been sold to shippers. Sym
pathy swayed oats to the bear side with
corn. Both cereals finished aC Inside fig
ures. Larger receipts of hogs cased provi
sions. Nevertheless, holders continued to
realize profits and were helped by atfalr
demand.
ha:;ge of the leading futures.
Wheat Open. High. Low. Close.
May 93 03 S2Va 9214
July 91H 91 91
Sept SO 001i 83;i 9i
Corn
May M jj C3H C3 83 i
Jul? MH C4',A G4 M',4
Sept 53iJ Kii C5 55
Ont6
May 34 3V4 3t SIH
Jlj' 34K 34 34 341
Sept 34 34& mi 34U
CASH QUOTATIONS.
Wheat No. 2 rod, Jl.03fll.0Si4; No. 3 red. 33c
Jl.OO; No. 2 liard, 'JVAftOZ'Ac; No. 3 hard, DOQ
9P,4c; No. 1 nonliern. OlHCSc; No. 2 northern,
, S9f50',4c; No. 3 northern, SSffSOc: No. 3 aprlnc.
88tl00c; No. 3 fiprinB, SSftSOc; No. 4 sprlnc.
SOCSSc; velvet chnff. SC091iic; durum, S7ff92c.
Corn No. 3. 4St40iic; No. 3 whlto. 49360c;
No. 3 yellow. 48Uf;oiJo; No. 4, 4$4f?8',4c: No.
4 white. 47?jSj-9Jc; No. 4 yellow, i6iftWc
Oats No. 2 whlto, 34i4833c; No. 3 white, 32J
033c; No. 4. 32c: No. 4 white. 31-i'a32'.4c:
standard. 33y,34c.
Ryo No. 2. CI Q 62c.
Barley 43 0 70c.
Clover :12.001?1S.50.
Timothy J2.73'33.0.
Pork 120.1214
Lird J10.72W.
nibs-JlO.'ilO.Te,
LIVESTOCK MARKET.
Clalcago.
CHICAGO. March 1. Cattle Receipts.'
300; market, steady. Beeves, JU.85a;
Texas steers, $5.206: western stoers, J6
g)7.75; stockers and feeders, ?6.158.10;'
cows and heifers, 53.25(3)7. CO; calves, $7
10.50.
Sheep Receipts, 1500; market, steday.
Native, $5.25(i6.SS; western, $5.G56.85;
yearlings', $6 757.90; Iambs, native, 57.40
S.G0; western, ?7.50S.70.
Hogs Receipts, 14,000; market, slow.
Light, $S.3O0$.55; mixed, JS.25(f?8.55;
heavy, $S.108.50; rough, ?8.10(ff8.25;
pigs, ?G. 50(08. 25; bulk of sales, 58.35
S.50.
Kansas City.
KANSAS CITY. March 1. Cattle Re
ceipts, 700. Including 200 southerns; mar
ket, steady. Native steers, 57.509;
southern steers. 56-75S; southern cows
and heifers, $4.257; native cows and
heifers, $4,258; stockers and feeders,
$G..ri08.2G; bulls, 55.25?7: calves, 56.50
10: western steers. SC. 7508. 50: west
ern cows, ?4.257.
Hogs Receipts, 1000; market, steady.
Bulk, $S.2SS.35; heavy. 58,20g8.30;
packers and butchers. ?S,25S.30; light,
5S.30S.40: pigs, $77.50.
Sheep Receipts, none: market, strong.
Muttons, S4.75tfpS.40; Colorado lambs,
57.905.35; range wethers and yearlings,
55.507.50; raTigo ewes, S-l!S6.
Omaha.
SOUTH OMAHA. March 1. Cattle
Receipts, 100; market, steady. Native
stoers, $7i25(0)S.75; cows and heifers, 55.25
7.75; western steers, ?5.75tfJS; Texas
steers, S57; cows and heirors, 51.75
G.S5; calves, idsp0,2u.
Hogs Receipts, 4200; market, stronger.
Heavy. 5S.lO(0iS.2O; light. 5S.15(f;;s.30;
pigs, 57iJ?S; bulk of sales, 5S.15S.25.
Sheep Receipts, 800; market, steady.
Yearlings, 5G.75(f?7;75. wethers, $6i7j6.G0;
lambs; ?7.S0!3)S.70.
Now York Money.
NEW YORK. March 1. Money on call,
steady, no loans.
Time loans, linn; sixty days, IJIJ per
cent; ninety days, 4? per cent; six
months., 43(Jj'5 per cent.
Prime mercantile paper, n per cent.
Sterling exchange, steady, with actual
business In bankers' bills at 54. S3. 25 for
sixty-day bills and at 54.S7.50 for de
mand. Commercial bills J4.S23-
Bar silver Sl'ic.
Mexican dollars 4Sc.
Government nnd railroad bonds, steady.
Condition of Treasury.
"WASHINGTON, March l. The condi
tion of the Untied Stales treasury at
the beginning of business today was:
Working lmlancu $ 78.305, ISO
In banks and Philippine treas
ury 43,973.712
Total of general fund 147.03b.l)80
Receipts yesterday 2,210,li6G
Disbursements , 2,S72,JirS
The surplus this fiscal year Is 5S.f2:i.G0'J.
as against a dcMclt of $20,5C9,S25 hist
year.
The figures for receipts, disbursements,
etc.. exclude Panama canal and public
debt transactions.
Coffee Futures Steady.
NEW YOHIC. March 1. Coffco future opened
eteady at an mlvimco of 3 polntu mi Mutch and 1
point on April, hut generally unchanwd to 4
polnW tower. Later positions wera influenced by
continued ecnttcrlnr: liquidation uud thu market
cased off with tho closo steady nt a not dccllno
of C to 9 polutx. Tho roffec ozchzneo has dlv
cuutlnucd rvpurtlni; tho atnouul of salcx.
Mnrcb, 11.00c: April. 12.0Jc: May. I2.14c: June,
13.20c; July, IS.t'flc; Ausiut, 12.23c; Soutcmlior.
12.3Vc; October, U'.31c; November, 13.33c; De
comber, 12. 18e: January. 12.1'Jc: February, 13.19c.
Spot, dull: Ulo 7n. I2ic; Santos 4b, HUc; Mill,
dull; Cordova, 15tfl7c, nominal.
Bnnlc Reserves Improved.
WASHINGTON, March 1. Reserves
of (ho 7125 national bunks .showed u
material Improvement on February 4,
as compared with the stringent period
of November, but were not as great,
however, a.s in February of last year,
according to returns to the comptroller
of the currency.
The totnl resources and liabilities' of I
the national banks on February were;
?11,1S5.&99.20G. The condition of loans,
Cash nnd deposits on February 4 us com
pared with Noveinbor 2G last, was as
follows In the various gfiogruphlcal di
visions of the country:
Now England stales Uoston. increases
in Joans $741,282; cash 5170.943: deposits,
52.379,745. AH banks in this section de
crease In loans JS.SSl.lfi": cash, $410,
954. and deposits, 53.33S.O00.
Eastern states New York city gains
In loans 579.17fi.091: cash, $46,952,914,
and deposits. 511,352.045. AU banks In
this Koctlon gains as follows: Loans,
572.507.19S; cash, $49,410,440; deposits,
$13,203,199.
Southern states Decrease In loans.
$1,943,590; gains In cash, 5798,175, and
deposits. $0,209,478..
Middle western states Chicago gains
In loans $8,379,147 and In cash 511.879,-
It is cheaper to obey I
the smoke ordinance than it I
is to dodge it much cheaper. A Ke- H
wanee Smokeless Firebopc Boiler will not H
only prevent smoke to the satisfaction of H
your authorities, but it will give you the H
maximum heat on the minimum fuel H
an,d the fuel may be the cheapest grade of H
coal mined. H
Even if there were no such I
thing as a smoke ordinance, it would H
pay you to put that boiler in your estab- H
lishment. Being made of stel it will H
last a lifetime. Moreover it is the only boiier in
the world that it is easy to insure.
Better drop over to our of- I
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better still, telephone and ask one of our ex
perts to come over and see you and bring his facts and
figures with him. The interview means money 'in your pocket,
And it is American money not stage money.
Kew&nee Boiler Qqakpany I
;fu Kewanee, Illinois
IdLgfe Mkrs of vr
ftflr? BRICK -SET STEEL FIREBOX BOILERS, wife? H
RADIATORS, TANKS AND KEWANEE
Jggjm WATER HEATING GARBAGE BURNERS Eji
G24, but decreased In deposits $1,418,576.
St. Louis gains In loans 51.84S.547; de
creased In cash 5600,133 and deposits
5510,020. All banks In this section
gains as follows: Loans, $1C.25S.487; cash,
$19,412,540; deposits. $24,801,301.
Western states Decreases In loans,
54,021.190; cash. $55,295, but a gain In
deposits, $300,570.
Pacific statos Decrease In loans, $7,
872,010. and deposits. $311,285; gains In
cash, $5,103,579.
FINANCIAL REVIEW.
Stocks Fall to Point of Resistance Dur
ing the Week.
N1DW YORK, March 1. The fall In
stocks this week to a new low level car
ried them to a point of resistance which
left speculative sentiment still unde
cided as' to the significance of tho halt.
Tho accumulation of short sales created
a demand which was given first Impor
tance as an explanation of the rally. Re
ports Indicated some Investment demand.
In this connection the fall In a number
of dividend-paying railroad stocks to a
C per cent Income basis, or to a parity
with the price basis at which Southern
Pad lie Is underwritten, seemed to result
In lessening pressure of liquidation. This
symptom points to the Southern Pacific
syndicate undertaking as one source of
tho market's burdens.
The killing of IWadero. tho withholding
of a decision In the Minnesota rate case,
the objection to the Union Pacific disso
lution plan bv the California railroad
commission, the obstruction to the New
York subway contracts and tho appeal
to eastern railroad trainmen to organlzo
for a coming struggle for a wage In
crenso ull these Incidents converged on
the weak market at the opening of tho
week and seemed to exhaust the pres
ent factors of depression.
Bank reserves, as shown by the returns
to the romptroller now being compiled, are
unusually low for the seasoju and. It is
agreed, call for cautious procedure.
News of commercial failures at Impor
tant European points threatened a com
plication early in the week, but later po
litical news restored confidence. The In
auguration of the new president brings
a train of events which have boon a
potent Influence, by anticipation and con
jecture, upon the stock market. The
what trade professes anxiety over In
sufficient moisture for winter wheat.
Flax, Oats and Ryo.
MINNBAPOUS, March 1. No. 2 yellow com.
tstnsvic. ,.
No. 3 while oat. 30htfSlc.
No. : rye r3fl5Gc.
II'mii. m.:0tf 18.07.
l'lour. first lulcntu, W.20ff.CS: iccoml patents.
H.15?M.tO: first dun, 3.1Og3.10: iccond clears.
Flnx, tl.ZO.
niriov, ywc
Evaporated Fruits.
NEW YORK. March 1. Evaporated ap
ples, uulct.
Prunes, steady.
Apricots. iulet.
Peaches, steady.
Ralslr.s. easy,
St. Iaouls Wool,
ST. LOUIS. March 1. Wool, ntcadr: mvittutn
ervilcs, comlilnr and dolhlriK. ?3'.40ISc: llRht
fine. l!3:ic; heavy flno. 13Gl8c; tub-washed.
:7&3Cc.
Cotton Market.
NIOW YORK, March 1. Cotton closed
easy at a net decline of 7 lo 9 points.
You judge a man not by what ho
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Chamberlain's C'6ur1i Itomcdy .-judged
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