STOCK SPECULATION HELD ! GRAIN PRICES INCLINED
BACK BY TIMID TRADERS. ' TO SEEK LOWER LEVEL
JOIIN B. WOESTMAN.
LOUIS SCHMIDT. LOUIS KRAEMER.
Cashier. Assistant Cashier
THE REPUBLIC: SUNDAY. JULY 13, 1902.
FOURTH AND MORGAN STREETS.
CAPITAL, SSGO,000. SURPLUS, $200,000.
2 Interest paid on current accounts, subject to check.
2.'2 Interest paid on deposits subject to 30 days notice.
3 Interest paid on time deposits for 6 and 12 months.
39o Compound Interest paid on Special Book Accounts.
Hiitirrl M. Parlies,
llciii'v Uriel. .Ir.
-irxe T. Itlclillt-.
G. TV. Cni-rels.
(force O. TVIiipern.
P. TV. HrlpKchlncccr.
fnhn II. Worjilman.
DGftJGVAfy COMNIBSSIOEU CO.,
GRAIN, PROVISIONS, STOCKS, COTTON.
Grdeis executed on 1.000 bushels Grain. 50 barrel"! Pork. 10 shares Stock. 25 bales Cotton.
Write for ojr b ok of statistics and Daily Grain Letter mailed FREE.
TtlT piye ST.. ST. LOUIS. MO.
WH.TAKER & CO.,
BOND ATAJJO STOCK EIS.OK1I1H.S
Circular on Application. 300 N. FOURTH ST.
PEAK OF POOR BANK STATE
(JULY CORN ALONE MAKES
The Kafienal Bank of Commerce in St. Louis,
CAPITAL, SURPLUS AND PROFITS,
W. H. Thompson,
B. F. Edwards.
J. C. Van Blarconi,
J. A. Lewis,
P. E. Marshall,
C. L. Merrill,
V. B. Cowen,
Jas. TV. Bell, M. M. Buck, Geo. O. Carpenter, Nathan Cole, Satn'l M. Dodd, Benj. Eiseman,
Jno. A. Holmes, F. E. Marshall, Thos. H. McKittrick, John Nickerson, H. C. Tierce,
H. S. Priest, Corwin H. Spencer, E. C. Simmons, L. B. Tebbetts,
W. H. Thompson, J. C Van Blarcom, Chas. G. Warner.
Atchison Comes to the Front in
Wall Street and Missouri Pa-
citiu Gains a Point.
New York. July li A disposition to ad
vance nrlce wa. held in check to-day by
the fears that a poor bank statement -would
Induce selling of stocks. This check was
removed when the bank statement proved
unexpectedly favorable, and the market
closed firm with the average of prices at
about the highest. The principal evidence
of strength was In the grangers, especially
the corn-carrjtng road. Atchison, which
was neglected yesterday. to.k up the
leadership to-day. while Missouri Pacific
hung back until the late dealings, when it
Trading in Other Options Dull-,
Provisions Show Slight Gain
for the Day.
Chicago. July li Trading was dull on the
Board of Trade to-day and prices for all ,.
grains were Inclined to seek a lower Ievfti J
Sept. wheat closed ?sic lower. Sept. corn
vas Stj'lc lower, oats were 48c lower.
!th Sept. provisions unchanged to 33e
Wbt. ' M
Better weather had its natural effect upon
the wheat market, and many of yesterday
Lurr tutued sellers early in tb day. Lo
cal sentiment was bearish, and. on the ab
stnee of a. buying demand, there was an
rose on large dealing? h point. Hock attempt to raid the market, but the efforts
ISlQMfl t-asla. A . tutln .hAll.aaAl4Ja.nl.a..l.l,.l'.kV
312 North Broadway.
2 Interest on Daily Balances croditod Monthly)
3 Interest on Time and Savings Deposits.
Acts as Executor of Wills, Administrator of Estatc3,
Curator of the property of minors and insane persons; Receiv- D
ci ui i.ssi ut -ir iui .insolvent jjciauu, iiuus .tiiu .uiuuiiiiuu:.
H i I Ilninii Ponfrin I Irrhf P. Pniuor Pn i
m uiiiyii liouuiu Ligm ix i unoi uu. i
General Offices: Tenth and Sf. Charles Streets.
VERY LOW RATES,
SOLICITS YOUR PATRONAGE AND ASSURES SATISFACTION.
VERY PROMPT. ATTENTION.
Call or write us
j 1 isigsi
On Regular Check Accounts
On Ssvino-s Dflnnsifs nf
.- ..... - .-. SWSW...W w. ,-
$1.00 cr More. gg
IT Willi T!
ESI Cr 3 Q B til ufl W Ha El
Boxes, $5.00 Per Year and Up.
u r ryvL Kt raj -i u
fl Seventh and Chestnut Sfs, 1
mimmmm SUIV8MARY OF ST. LOUIS MARKETS.
i Trading In sraln at yesteroay-s snort session was went, ana tne leeunR. ooih in wheat
i and roni. was decidedly weak. In the case of wheat, all weather conditions were con
' strucd a bearish. There had been llttlo rain In any portion of tho winter belt in the
preceding twenty-four hours. Vlporous denials of tho reports that moisture was exces
sive In Kansas and Nebraska aided the downward movement. Receipts were fairly
lanre. and there was practically no outside demand for futures, though the cash inquiry
wa rood. Jinny traders who bought earlier In the week eased their lines over Sunday.
Corn was dull and easy, though not nearly so weak tut wheat. Tho Harris-Gates
crowd was not active in Chicago, and local commlsf Ion-houses had few buying orders,
i The market opened weak. In line with wheat. Later, there was some buying, but clos
i lng prices were generally below those of Friday.
, Jnlv wheat onened s.e off and closed Kc off. Sent, wheat enene5 Us off unA (lnMl
Sept. corn opened lic off and closed tc off.
Tlmre was no speculative trading in oat-t.
Receipts of produce were fair, but there was a good demand aad prices were gener
ally steady to higher.
Local securities were in excellent demand, and trading .was brisk for a Saturday.
lts.SXiOC nQd Joint
l.0) C f t L 4 X O MwnphU Dlr
S.rC K I etra S ,
l!.'Cblo MM lrt
lS.aoCun Tub ,
l.i") Erie 1st Ktn 3i
i.tuj io 1st con ..........
. rt v & d c nt m
S.t4 K C Ft 3 & M i
1.0WK. C So.
t.rt)t. & N' I'n tn ...
15.KV) jiex cent lit tne
.W M K A T 1st 4i
i'VIDo M 4
e.TA" N A. V Foca C & C to.
t.X l 4s.
. ro Kfa J
S.OS A & A F
1.0 He.ibonrd uoM is
W.O'is K & T Inc
If I ut 4
IS.OU F conv 4i
.00 Wab Deb 11
!. Wnb D A C.
S.w w L. E 1st con 4i..
... Kirf v
... ts; ut,
... -H M4
Biarine nd per cit pr annam
t.W St Cbarl. Mo.. 4 rer cnt water boadi.
f I4.tfa Henton CBuntr. Mo . 10 3) refundlne 4.
I10.f Knit St Lcuin anJ Suburban Co nrst Ls.
C0.0f4 I" S of Mrxlro conol k W Si
J10.O") Union Djpot IUllway nr,t s. dne 191S.
X30.000 Klnlcch TeJephcne Company first ta
Wi. 0, LITTLE & 888.
211 AND SU N FOfRTlI ST.
Dealers In municipal bond local stocks, bonji
and note. Order at other exchange! promptly
executed by rrlate wire. Money to loan.
Phones: Klnloch A lilS Bell Main ttss.
Tractions were especially ncUve.
Yesterday's bank clearings were S7.S57.1X: balancer. JTU.13. Discount rate were Arm
between S nnd 6 per cent
Spot cotton was quiet and unchanged la tho local market.
GRAINS CLOSE LOWER
ON BEARISH WEATHER.
LOCAL SECURITIES ACTIVE,
WITH TRACTIONS IN DEMAND.
SOAR!) OF DirtECTOIlSi
TV K. Blxby
John 1 Hnland
John T. Davis
S TV Fordyce
II II Graham
William E. Gur
l M. Houser
Itobt. McK. Jonea
I TV. Morton
T II McKlttrick
rhas. D. McLure
Is. M. Kumsey
John A. ScudJer
E. C. Simmons
E O btanard
Then. IL West
B. F. Toakura
Highest Rates of Interest
Paid on Deposit.
Safe Deposit Boxes,
$5 Per Year.
Both Transit Mad Suburban
Cars Pass Our Doors.
Railroad and Corporation
Vrite for sample copy special
U. S. HIKING JOURNAL. 108 Fulion St., H. T.
OtL SMELTER KlNES.
Dividend-Paying Mining, Oil and
suncuar tiocms, t-iajra ana
Unllatod, our Spjcafjr.
DOUGLAS, IflGEV & CO.,
ISankrrs Jb l!rolrr, Fiscal Armts, I
Mezobers 5". T. Conollatfd Flck Exchxtfc
66 BROADWAY i 17 KEW ST., HEW YORE.
tL larffolntrrvtBnd prcCtacf Ictlniat mnv
piniCT.ar, iv 4rit ic n api'rmiseo-
TO NET FROM 4 TO 3 PER CENT.
Mississippi Valley Trust Go.
FOR BUILDING AND DEVELOPING
RAILWAYS. WATER WORKS. ELECTRIC-LIGHT
INO AND BUSINESS ENTERPRISES.
AND BOND ISSUES MADE.
BEIT VOORCE BRANDEN8QHG 5 CO.,
BANKERS. NO. WALL ST.. NEW TORK.
FOR SAVINGS DEPOSITORS.
A $100 INVESTMENT!
BOOKLET sent free to any address. Write for IL
THE FEDERAL INVESTMENT COMP'Y,
TOO CHESTNUT STREET. ST. LOUIS.
"GET THE FACTS."
Oil Investors Journal.
Th troth and nothins: but tho truth
eoacernuig the Beaumont aeld and other
Southern oil fields. Arrant reports on
all companies free to subscriber. Send
U cents for S-mos. trUI subscrtptson. AJ
res Oil Inverters Joorcal. Besnmont.
Corn in Light Demand, but Scat
tered Buying Helps
Both wheat and corn were on the down
turn at vcterdav's short session. There
wes no outside buying demand, and all the
weather news was bearish. Friday's re
ports that rains had fallen in Kansas and
Eastern Nebraska were vigorously denied.
Shorts had apparently covered, nnd long,
eased their lines over Sunday.
July wheat opened Sc off nnd sold at:
TI.c. Tl,c. TlUe. Tie. TUie. TlHc. Tl. TlHc-
Sej.u sola at TlSc. TlUc. II'c TlHi TWO. TH.C
Dec sold at TSc. TlUc, Tie. TJHc. TJe.
"Whllo July earn was wanted at Friday's
cloln? price other options closed lower. At
the opening tho same weather conditions
which affected wheat had a depressing
effect on this market, hut there was fair
scattered buying throughout the session,
and the losses for the day were Blight.
Sept. corn opened Uc ok and sold at G3Kc,
fCi.c: Dec sold at 41HC.
Receipts of wheat at St. Louis were S3.016
bu.. of which 10.T1S sks. and 199 cars local
and cars through, against 21515 bu., of
which 21.0IS sks. and Ul cars local and 19
cars through, in 1501.
Receipts of wheat at primary points were
KtO.ZX bu- against 707.(XX bu. last year, and
shipments were 314,105 bu.. against 7S3.00)
hu. The Xorthnest received :(2 cars, against
1S9 cars In 1W1. Chicago received 4S.6SU bu.
and Kansas City &, bu. The clearances
were equal to TTS.Cmo bu. of wheat.
Receipts or corn at St. Louis were 3S.100
bu of which all were local, as compared
with 31HW ba.. of which 33 cars local and 8
cars through. In 1S0L
Receipts of corn at primary points were
SS.2TO bu.. as asmlnst 3TT.0fiO bn. Inst rear
nnd shipments were AU.&X bu.. sigalnst ZX.
000 bu. Chicago received 175.30 bu. and Kan
sas City 11.2u) bu. The clearances were ri
Receipts of oats at St. Louis were 24K
uu., in wiiica j. cars local ana I car
through, against 45.SOJ bu- of which 32 cars
local and 7 cars through, in 1ML Shipments,
Receipts of oats at primary points were
I43.CM bu.. as against 1.0 j0 bu. last year,
and shipments were ICO.IM bu.. against 4SS,
000 bu. The clearances were 5454 bu.
Cblcnjto Stock Market.
F3ftUt7 a H- Walker - "9 Kmh
American Strawboard stock a
lonal Carbon, com zrn
Diamond Matjh" of "nHnoU'"..""is?H
Lke Street El.vated Railroad .18
R; fr R- cn STH
.ii j ic"t icnpany, com. ......
iw. viu. ....................
Northwestern EJerated. com. ...,
Do. pfd. ............. ...........
West Chlciiro Street Railway ....
Union Traction, com.
Da pfd. "
American Tin Can. com.
Do. pfd. .............. ......
Missouri TniBt and Granite-Bi-Me-
tallic Are Features of
Local securities were fairly active for a
Saturday, with interest centered In the
traction and trust company Issues. St.
Louis Tranrft oper.cd well at J3075. and was
In good demand throughout the session.
Toward the close sales were made at
JMlKH and 55X50. tinted Railways preferred
was in excellent jhapc at SS2.7S. Tho i per
cent bonds were firm at S37.&X
In the trcst company frcup innsouri was
In best demand, with sales at $13.53 and
JIM. German!, 'vaa firm ut ISO. and St.
Louis Union easy at 3379 and 1371.53. Mer
cantile Trust was the weak spot at JC8.50
Thar was excellent uvjulrr for Bank of
Commerce at SS3.50 and 338.7a. Third Na
tional was steady at $312.
Oraclte-Bl-Metalllc rallied wD and sold
at C6. ILSVn and V- American Gold Min
ing was weak at 75c
....... TT it TTi
SS.owWls Cen 4s SHitfM
Kerr Tork Cnrb Stocks.
IL Walker & Co- 310 North
Reported by G.
Close BU. Ask.
Arrtrtcen Tin Can com ...... 11 JIVt
lyo. pfd. .......-......... 2 23.
Bay Sut Da IV. 1',
British Cotumbls Corrxr T4
Omeollilated ItefMirerattng & Lta;. Co. 84
Electric Hoot com 3S
Do. Pfct 4t
Electric Vehlcl com T T-
Do. pfit 1SU 14
Electro IneuraaUJ I 14
Enameling com. 9 33
Do pfd JS ST
General rrtac IV. t
Gman Treasury 4 Jr cent. J91S IR'1
ureen ConsolIdatM Cortr.
lUvaaa Commercial com ... 13
Illinois Transportation 1
New Amsterdam Oaa 1st I per cent. J.
J- IW......... JH
N. V Elec Teh. Trans .. 114
J..L- Klec Veh. Trass 1
OUs Elevator com.... 39
Royal Baklni; Powder pfd 104
Seaboard Air Lisa com.. .............. 44
Do. pfd. 4
Standard Oil of N. J .....esa
Btorace Iower .... 1
Jeleerapn. Telephcae and Cable... iu
Tenneee Ccpper j;
!fJ-.I.uiiTnuVllt Co- com -.Jso
?iL 6,ITt Rx- of St- Louia pfd IH
i-mon copper. . jv
i: M Af XJakwI&H tm ....'
St. Lonls Transit
. s4 574-
. S 4H.
. im mi
. S34 U
Whltaker & Co, bend, stock, commercial paper
and escbance brokers, jai North Fourth street,
quote exchange as follows:
.. . v BIA Asked.
New lOrK .......... ..........TLc dts toe dls
Cblcaro ..-......Sde dls 40c dla
Cincinnati ...........40c dls Xe CIS
Ismlsrllle .............. ..40c dla 33c dls
New Orleans... 44c dla I9edla
New York. Jnlr It Gortrnraent bonds:
IIni,?3 Sut" "trading S. rectstered J7T;
United Statea refundln 3a. eoupon............lflTH
T'nlted Statea 3s. reststerej ........IM
FnllM Put's Ss. coupon ynx
rnlted States new 4s. reirttered...............lMU
United States new 4s. coupon JUi
United Ftates old 4a. retitrred................lon
United FUtea s. reclitered 105
Catted States U. ccnGca..........a
United Railways pfd. -
&j. sa .................... ......1
East St. Loola and Ssborbaa it
American Central Trust
Mlssotal Trust ......
Colonial Trust ............
Germanla Trust .......
Lincoln Trust ........ i
Mississippi Valler Trust .........
lttnk of Commerce .....,.,
Laclede Bulldlnr U
Ccmraerelai Btilldlng Sa .........
Imperial Bnlldlnr s .............
Merchants' Brldse (a
Can ATei.u. ..............
Jefferson Avenue in
Brewery tl.CMJ (a
Central Coal and Coke .....
Mlvourl-IMlson. commen ...
Do. pfd. .... ............
Simmons Tr.n9sr.ra. eoinmnn
Chicago Railway Equipment
Weatlnchouse Antomatlc Courier 4H.it
30 St. Louis Transit at ..........
SCO ST. Loula Transit at .....".
10 United Rallwaya pfd. at ......!"
1 St. Louis Transit at
4 United Railways pfi. at.....
S.0W United Rallwaya 4a at ...Z...
10 St. Lcni, union Trust at
M St. Loula Union Trust at .1.."""
ISMlsaoorl Trust at ..Ill"
lOMIssourt Trust at -.""I"
colonial Trust at .........
10 Germaala Trust at
Lincoln Trust at ......
SS Mercantile Trust at
10 Mercantile Trust at
CO Bank cf Commerce at .....
10 Bank of Commerce at ..
10 Third National at
LO50 Brewery U at
300 Granlte-BLMetslllo at .....
Graslte-B!-Meulllc at .....
100 Granlte-BI-Metalllc at
300 American Gold Mlatna; at
I 30 J
Local Money Market.
aearlsn were larre for a Satcrdar and beat.
ne at tfce banks was abore titt aeion"? i7?r-
axe. There waa a good demand for call and tlm
loana. with discount rates Arm betweenS aSS
BOTO SALES AT JTETV TORIC.
he'tofollaf1" f -
J3.W0 B A O prtor lten 3Ha "... KKO Stl
X00H B 4 O F L E W Va 4a"!" MM
sss if i ??& nrrutHailP
LCOO C X Hb...- ..,... Sfli
VLIn-Co1 nd c' - '
S."" Ccsper .... i
Nor. Sec. Co 15-54
STATEMKXT OF ASSOCIATED BAXKS.
Deposits ShoTT . Decreaae for the
"XVeek of lU,-t4000.
New Torfc July 13. Tha weakly statement ot
arerajea of tha Aasociated Banks shows:
Loans. 3ATT.3W: decrease. lt.19T.0M.
Deposits. 33t3.I3S.300: decreaw. JHM.seo,
Circulation. 33l.TTT.tOJ: lacreaaa. 3SS.M.
opede. 3170.6jrj: decreaae. J3.S03.CUO.
Ilesenre. 3I4T.TTt.4u, dcrs, i.hl,W).
eserra required Jia.:o.): decrease. Jini-
Surplus. 31X3M.SOO: tacreaaey 33.143.t7S.
The Financier to-morrow will aayx
Tha strlklnr featoro of th. ofccjal statement cf
tha New Tork Associated Baaka last week was
tha larr rractlon In depoatta and consequently
In tha resenra requlrementa. tb latter much
more than ofTaattlsa; tha loss of cash and caustnc
the sarplas reserve to show a considerable sala
laifT1 ?. lo?"i w" W conBdentlr ex
pacted. The net decrease In cash waa Jl.iT0.3O0.
sjwele l-lcr reduced E.CW.SV) ma ifral tenders
try J3.MT.epp than the amount estimated from
tha traceable movemsnta of money durlnr the
week. Th; discrepancy waa. however, largely
accounted for by tho fact that the returns ratb
red for the estimate Included the chanr-a on
July 3. which chances wsre embraced In the of
ficial statement of July S. The loans were de
crroaed last week by SI.I0T.0ii0. while the depos
its were reduced by JICUO.IOO.
xne reauction in Joans, tocetner with the nt
less In cash, would call for a decrease or J5.CT7 -3C0
(n deposits, or 113.173.30) leas than the amount
reported. This difference waa probably caused
by the operatieca of tha City Bank Indd-nt to
Its Increasa In capital and surplus, and also to
withdrawals br interior tank, ne .. K.i.n-.
with their New Tork correspondent, which with
drawals, as elsewhere noted la this Issue, were
quite reneral durlnr tha week.
Tha required reserre waa lessened by 14.113. ST3.
Deducting therefrom the SlsTUM nit lo 0
cash leave S3.H3.17S aa th. Increase In aurplui
";"ir,-whJk,t'm no" S13.3XS0). against
J13.M9.3. at the ecrrespondlrjc date last vear
ThU surpluj mar be regarded as ample f or euf
rent requlrementa when the fart Is considered
that the fiscal oPtlorsof the Subtreasury aM
the movement hlthr from the Pacific Coas- o
new aold. represented by araay offtce cheeks, "will
toaether eootrlbnte to offset much cf Sedral"
from the banks of currency for the crop move
ment. Moreorer. this drain one be expected to dlm'--Ih
with th. sub.ld.ne., of th. srulatlre VSii
tlcna In corn at Chleato. TheTeraieKri
clearlnca ef th. hanks last w.elc weri SSonoooi
aralrst SSTtMOW In the crTtoVweek7rhi5
however, tb. elrlnaw were rreatlr tncreasnl
by the Juhr stlements and aliV by tt pov-
!.?". wJT'T,t Snk u' wek wart33.Vn!
aralnst S3TT.SM In th. previous week. Ctmoar-
Un ii .'? E7J?.Y' ", net Kf.W of
Rnjw Two In.ttmtiTr,. rained K.flrowo, me
of whleh lncra1 14 nno noo. aM four hank. fL
other- COAJ..V0. Th chsnrwi m spel. ,how a
r.et lo tnr four Vnks of J3 Jf0.rm. The larzest
lcs was tX1fO.tr- bs- one t th. four. "r"t
nooslon Oil Stock Salra.
Houston. Tex. July 1-The tradlnr on ti.
xcrsnr. was llrht but was en a fair order.
censMerlnr It was Faturda-. and the rat wk
I""Jt?? "" lvy one.so far as deallnv
la oil Jtocks ,r. concerned. There w. -er-nl
"lea. but all of them were of small ismtt
Th. prlee paid waa praetteaJlr rjnchsnxI frrm
the, of Ite. and It., tor.- .f th. m?Set
tlnnea flrm. Sales: Omond Floor. 110 at Ttu
n at TSe; National Oil an4 Pip., mj , jrt?;
Vfef H7ood- M.i ." AnWmert5:
1 3Ke: Gser of Cal-rerton. vn at 1
TTcter fnewi. lrrt) at tSe: Errmtre Stat-. Stii
at 3: Ind-oMidenc. 4" at 3ti: Drlllera. 103
at 4,c:. Reattr 3.00 at ljc- ConUnentaT n"
tlonau T.W0 at le: Gor. 1 0"0 at 3u- O-y-.-jf
Galrj.ton.foO at le; Grace. 1.000 at Jc:
SeJboard LOW at Vie; Sour Lake, a at 313;
IIJUIll, HV &b t
Lsland rose 4 points to a level 2 polns higher
than yesterday'! highest, but the dealings
were small and the gain was not well held.
A risa of nearly 11 point In New York Cen
tral was apparently due to support in view
of the decrease In grows earnings rendered
for July by the system.
Industrial .Sonierrhat Depressed.
The industrials wpre somewhat de
pressed, but recovered In the Ute rally.
The banks lost In cash less than J3.O0".
(W). compared with expectations of a de
crease of t3.WO.0M. Adding to this the J4.
107,000 loan decrease leaves a discrepancy
stitl of upwards of 3I0.0Xi.uu3 in the report
ed decrease of Sie.443.5u3 In deposits. It wi.l
be remembered that last week's loan In
crease of over J17.CO3.O0O failed to find a re
flection In the deposit Item. To-day's dis
crepancy Is explained as due to a. process
of rectification under tho abstruse system
of averages used by the banks In their
computations. There has been considerable
activity and strength In the stock mar
ket this week, but It has been of an irreg
ular character and confined to compara
tively few stocks. It Is sufdciently ob
vious that the prevailing sentiment
amongst security holders is one of confi
dence In the maintenance of prosperous
conditions of the country and the continu
ance of the present earning power of se
curities. Holders of railroad stocks es
pecially show no disposition to part with
their property But no general public de
mand for stocks Is aroused by the tactics
of the partj which seeks to lead a bull
Jloney Stringency Not Feared.
The active leaders seem to feel themselves
exempt from danger of a stringency In the
money market, and have dealt freely In
stocks, shifting operations from one quar
ter of tho market to another, but confin
ing their operations to a few leading stocks
In each group. The sympathetic Influence
of these zpecial movements upon tho gen
eral list has been strengthening', and It Is
highly probable that they are designed to
support values to some extent and thus to
eruard the credits which the same larx-e ln-
1 terests are employlnr In other projects of
' magnitude. It Is a noveltr for - lanr In
terest to be committed at the same tlmo to
the long side both In stock and grain, ret
It Is generally assumed that tho so-called
"Western contingent." which controls the
corn corner In the Chicago market, is also
the moot Influential element on the bull side
In stocks. This U explained by the fact
that the grain speculation Is In the remnant
of this year's deficient corn crop, while the
prospect for next year's crop In present con
tlons Is considered excellent. Tho Govern
ment CrOD reDOrt Of condition cm .Tutv 1
published on Thursday last, was taken as
confirming optimistic Ideas of the coming'
crop, and the rains reported as dotes some
damage during the week have not been suf
ficient to disturb the general confidence in
a favorable outcome. An important influ
ence: also In maintaining prices at a high
level a the general conviction of largo
projects for extension of control In the rail
road world by existing large railroad Inter
ests or by new comers In the railroad
Chances In Railroad Control.
For many years the control nf th. tire.
reads of the country have felt secure by
the centralized holdings of a minority of the
stock. The Northern Pacific episode and
the passing of control of the L. & X. as a
mere Incident In a speculative turn In die
stock taught the lesson In the larger mod
ern order of thing's, and the buying up tC
great corporations- Is more laslly effected.
It Is likely that the prices maintained for
some stocks are due to the purpose of In
siders to discourage Its purchase for con
trol in the open market. The desire to con
trol Reading Is attributed to Tartous rail
road Interests, and the same Is true of Chi
cago and Northwestern and some nth.r va-
terns. The high prices of such stocks are
urged as an argument for on advance in
other stocks in analogous circumstances.
The Industrial field, on the other hand, the
process of consolidation. Is felt to navo
overdlscounted the future, and this class of
securities continues to sell at prices allow
ing n, return of money Invested such as
would Invito Immediate absorption In the
caso of any railroad stock. The week's
events In the money market have given
convincing evidence of the enormous capi
tal requirements of the country, (trowing
out of the unprecedented actlvltr. Million
have been shipped to Interior points by the
New York banks and foreign bankers In
New York have renewed their borrowing In
foreign money markets.
Shipment of Gold Is Averted.
The foreign borrowing has averted an
outward movement of gold, which is thus
shown to be more urgently required at
home. The exigencies of the corn corner
in Chicago are assigned as a reason for tha
large demand for currency thtre. but the
aemanq comes as wen from Southern
points, and demand is reflected from latge
demand from Western and Northwestern
points. The banks of the country at large
are. In fact, withdrawing their deposits
from the reserve cities for their own home
needs. The active demand for money may
be one of the most Important Indications
of a country's prosperity up to the point
whore the productive enterprise outruns
consumptive needs. But active trade de
mands for money are looked to with specu
lative actlvltr In securities.
There has been a fairly large absorption
of bonds and a rather Irregular movement
of prices. United States Is have declined
ti the new 4s and old 4s registered U and
old 4s, coupon. H on call during the week.
STOCKS AJTD BOXDS I?f BOSTON.
wire fruitless, as a moderate demand de
veloped on the decline, which checked any
lurtner loss. An important feature to tho,
tramns was changing trom dept. to Cec
by a prominent houe. Largo clearances
were also a help to better prices. Sept.
upeiied .;tjc lower at 73. TS-sfc-. fluctuated
within narrow range. Alter ulng at 73V -K7te,
there was a decline to 73 Ac and Wo
cicse was at about the bottom, with a loss
of M-c. at TJtiU-5c Seaboard clear
ances ut wheat ana Hour were equal ta
775.00) bu. I'rlmary receipts were 603.u03 bu..
BKatnst 734.WO ou. a year asm. Local receipts
were 99 cars, with 7 contract. Receipts at
Minneapolis and Duluth were reported as
343 cars, making a total for the three points
of 311 cars, compared wltn 313 last year.
Corn opened easier on better weather and
larger tccelpts. with a. larger proportion of
i-vniract grade, selling was unit- general
and while tnere was no conspicuous buying,
prices held well uid there was only a small
decline. There was little doing In the July
optic n. and after openinsr ic lower at 83c.
the close was c higher at Wc Sept.
opened Mc lower at tSlviO'Jl-'.c, aKancvU
to Kltilj.c. closing Mr'ac Ioer at Htj
tTJc Locd receipts were 313 cars- with w
cars ot contract grade.
Oats were wak under the Influence of
excellent weather, with prospects ot favor
able condition over bunday. Snorts took
udvantoge of the decline to cover extensive- ,
ly, anu ini3 resulted In strengthening price.. L
Sept. opened shc lower at SSVsSo-'tC. and
ranged between asHc and 33Hc. cioslns; Ht"
Sc lower at S3'u&?ic. Local receipts wtx
Ranjxe of Futures.
Article. Openlnr- Highest. Lowest. Clcsa.
Whsat July .. 7j; 7 75H T3S
fees. TSSTi', T3HST4 73', 734
Dec. 734'W. TJ4W74 734 TSSS-i
ComJuly .... Si H S3 hi
Best. 4tl G'ilfi 14 l.tvj
May 4t44i;, 41484
July (old).... 444 414
Jnlr (new).... 4H t3
bept. (old).... 3, 304
Sept. ir.w)...l:'1au'. S-,
Dec (new)... 34 JJ4
July 1S.S0 1S.CJ4
Sect. . U.T) M.J
Lard July ...... 11-33 11.4)
Sept, 11.174 11.43
Short Rlb July 10.73 10.73
Sept. W.W 1.0
Receipts nnd Milpments.
Hour. bb!s 10.CO
Wheat, bu 4T.1CO
Com. bu 173.CC0
Oats, bu 142.0)
Rye. bu........................ ....... S.'X.o
Barley, ou s.O.'O .......
Provisions were moderately strong under
the leadership of lard. There was an ac
tive demand for lard and longs took ad
vantage cf the better prices to dispose of
their holdings, which tended to check th
advance. Prices held fairly well, however.
8pt. lard closing 20c higher at $11.35. after
selling between Jll.17 and JU.4S. Sept.
pork was unchanged at J1S.70. after ranging
between $18.73 and J1S.S3. Ribs closed 3148
5c higher at S10.S5.
Estimated receipts for Monday: Wheat
S8 cars; corn 450 cars; oats 95 cars; hogs 32.-000.
New York Stock Quotations.
St. Louis. Saturday. July 13. JS.
The following shows the opening, hlxhest. low
est and closing quotations on the New York
Stock Exchange yesterday. Corrected dally for'
Tha Republic br Francis, Uro. A Co.. toads and
stocks. 314 North Fourth street:
Am. Car & Fdy.
Am. Cot. Oil com.
Arc Linseed OIL..
Am. S. A Ret....
Am. Snuff pfd....
Am. Sucar Ret...
13S4 13T4 134 13'
U'J !. 13 en-
Anaccnda. 1.500 1W Ijo 7 S7 lou,
A.. T. S. F..... 33.SU U Si 83H M". MS
DOL nfd. (Ltt 93'. 93"i 9S1. 1. aou.
Bait. & Ohio....... (MO I0T4 1074 1074 1074 107k
103 S 44 964
3 Wi 1:44 liiji JJ4 U4r, -3"0
314 Sl 914 SIS .
3.80O 49 494 4S 49Vi -!)
34 3H 334 39 3r
4 3T4 33 JTti 33 3SJ
Its) 734 754 7S.'0n
Beaton. Mass.. July 13-CSoatca; qeotatlcss 00
money, bonda. stocks and minus shares:
Call loaga SMC4H: tlm loan. fl.C-
Atchison 4a ........103 I Mexican Ceo. 4...
Oaa 1st .-.. 9TS IN. E. Gas A Coat.
Atchtson ...M .. 94
Do. pfd. .... .... $t
Boston & Atbany..340
Boston A Maine. 3)1
Boston Elevated . 144
N T.. N. IL & H-333
Fltchbcrr pfd 143
Unlcn Pacific 100
American Sugar ..134
Do. pta in
Mexican Central .. trsx
Am. TeL A TT....lKv
Dora, rron A Steel. l$
Masa. Elactrle .... 41i
Do pfd ....;..... 91
N. E. Gas & Coka. 4K
United Fruit 1114
U. S. Btetl 334
Do- pfd ti
Westlnr. com ...103
Adventur .... ... 334
Allouex ..... .... 34
Amalgamated .. - 3
CUL & Heels. ..S73&.C
Copper Rang 334 !
ucmmion coat ....u-
Isle Royale ........ U4
Mohawk .... ....... 3s
Old Dominion 1)
Osceola 53 'i
Qulncy .... ..
anta Fa Copper.
Trinity .... ....
United States .....
vt.Q .... .........
Victoria .. .......
United Copper ...
: iK '
Elk. Rap. Trans..
Canada Pacific .
Central of N. J...
Chea. & Ohio......
OU. Ot. TV. com..
a 4K arw......
C. L A Ia........
C M. ts. St. P. 1S.100 1784 1794 ITS 170. 17
C. A N. W. 100 33T, 2SJti 3ST4
C.. R. L P..... S.9U0 131. 13- ta'i 1904 IM
CM. Term. Trans. 100 31 .... .... 21 21
Do. pfd ITS
Colo. Fuel & Iron
Do. 1st pM.
Do. 3d pfd.......
Cons. Gaa. ........
Coout, Too. pfd...
Del. & Hndson...
D.. L. & TV.
D, & XV. Oaai
Do. pfd. .
Erie R, R.
Do. 1st pfd......
Do. 2J pfd.
Cluco If. com.
Gnat North. pfiL.
Illinois Central ...
Iotra Central com.
XaAclede Gam com..
Manhattan L. ...
Met. St. Ry...
3.) 1S34 1(44 1US
.... iom iH
.... 90 94
314 314 33
.... 734 T4
.... 43. 4
.... .... 1234
.... ITS ITS
.... .... 333
"" "" 90
. .... w
344 163' ,
1.300 111 141 v in
1.MV) 1311 131. 1314 1311. 1114
Mexican Central . .... 33
Mexican National. SOU 184 114 134 4 114
109 20 ' .... :0m 7SV
W) 334 CJ4 U4
3i, K- A T....
Missouri Piclfla... 34.700 1134 113H li? 1134 1134
Mining Stocks In .New York.
New York. July 13. doting quotations on min
Adams Con 70 Little Chief 11
Alice .... ..... 43 Ontario .... .......TSTV.
Bre-ce . .. ......... 4 Ophlr .... .........115
Brunswick Coo, .. T Phoenix ..
Coraitock Tunnel . 3 Potest .... ........ 13
Con. CaL Va....ir. Sarace .... ....... 5
Deadwnod Terra, ..1-jO Sierra Nevada ..... 3i
Horn Silver 133 timall Hopes 40
Iron Silver SI Standard SOS
Leadvllla Ccn ..... 3
DO. pfd. ..
National Lead ....
X. T. Air Brake..
N. Y. Central.....
N. T.. Ont. A W..
Nor. A Western...
Do. pfd. ........
North American ..
Pacific Mall ......
rressed Steel Car.
Do. 1st pfd.
Do. 3d pf'l.
Rep. Iron Steel...
Vo pfd. . ..-
St. L. A S F-...
Do. lt pfl.
Do. 3) pf.l
Ft L S. W ...
Southern Pacific S.4C0 4
Southern Railway ao TT
Tenn. Coal & Iron
Texas A Pacific...
U 8. SteeL
Do. pfd. ........
Union Pacific ....
Do. pfd. ...
C. S. Lealb-r....
IT. s. Rubber com
Wabasb pfd. ..
'jt5 173" rrrr rrrr it" 173
2.1W IM", 1594 1514 1394 lHSrnI
w .... .... u a.
1.300 r.U STTi 3T4 KH K4
--. .at. sTV
..... .... -.a ...ts ...a. I . r
.. .... .... .... .. ssa'Til!'
st wi-a. sj.-rT ttraa. ,e,. .., )ass-fs. '
:s ;s. -" " ts? ttJifnir
.... 1U11S JTJI-
ssvi tnM.r orr
CT MS rr a:tt
tS tJ5 tSjb
-!i T3tJ i&b-yt
.... 434 W.la
.... .... Jlsstver sV
sstj 115 ij Hi'''
.... .... 41 O'l i.
300 13 i:4 13
W. U. TeL
W. A L. E...
Do. 3d pfd.
WI. Cent. W,
Do. pfd. W.
im 1 "f
00 S3; Ki S3H US J 7C T
.... .... i4 iita - 1
.... .... 43 4nrx.;v'
SS 134 334 SJjjr- v
.... 3T4" STr,
New York Cnrb Maxket.
New York. July 13. The curb market to-day
was very quiet and dull throuxnout. It opene-1
with a ateady tone, but with few trades, al
though there was some small Improvement In
the latter short session. At no time, however,
was the curb market active and the attendance
ot broker, waa also far below the dally aver
age. Little new business waa reported. The
cloee was dull and featureless, but prices re
flect a steady tone, althouzh net change wen
Irregular. Total transactions were not la ex
ces of C00O shares.
Or-n CnnsolUated Cojp-r sold at JSHCSTSe
for MO shares, and 30 shares ot Standard Oil soM
at (14. Tennessee Copp-r sold at 174 for l'JO
shares and Northern Securities sold at 1044.
Teaterdny's Bank Clearings, "'l-
Testenlay'a Clearlnit-hnusa statement alresf&.r.j
cleatlnas JT.SST.StH. balances 1711.12J. Clear-ifS1-. f
for th. week were S31.739.911. compared with 34a- oa
Nese York. Julv 12. Moner on call ataai
per cent: closed offered at S: Drime, merean
pap-r 4493. Sterling steady at S4.S7S84.371l for
aiuus sinrsgiaw , 4ti .jyLrsi.a ; oi .
lemand and at S4.S334.S3f, for 40 days: poslWOil
4 and n.tit.SJ. c-ornmercni r.
Beaumont Oil Stock Sales.
Beaumcnt. Texv July 12. To-day's ell stock
market was featureless, except for making a
low record of the variety of stocks traded in.
only four companies being represented. Sales:
Independence. 3.000 shares at 3vie; Gold Eagle.
13.01 shares at 16c: Dividend. X3.70O shares at
lc; Beaumont Oil and Mineral: 11.300 shares at
Tc Oil Quotations unchantred- Shlnmenta br rail
r 34.143 bbla.: by water 1.W) bbla. Total for the
month. 434.033 bbla.. or 2.313
New Tork. July 12. Bar sliver J34e per eones.
London dull, 244d per ounce.
tills S4.F4KS 1.354.
eminent bonds stead;
Mexican dollars 414a. GJTrl
ar. su.ta nonaa inacuva.
lullroad bonds Irregular. .
Ctrclnnatl. O.. July 13, Money 348 per eriCTart
New York txchance par and 20c premlam. daajrnv
tars liSTtt. '' ' .
Chlcaro. July 12. Cearlnirs 334.204.221: balaneJslJi'i
3X240.344. For wsk: Cleanngii J199.90T.19T: feal-31-"
ances S13.2it.793. New York exchange par. SterSta
line exchanxe unchanged at T4.K4 tor (0 (UTS
and S4.ST4 for demand. . 1 !M
Bos4on. July 12. Exchange S23.41I.SS4: ftt0ancs-.--i
31.O9.T30. ft ' - w
Philadelphia. Pa.. July 12.-Clearlngs lJ.2tt04: ,
balances S3.344.139. For the week: Clearings HU.-
641.0TT: balances S13.2COJ01. Money 44344. 5
. Baltimore. Md.. Julr 12. Clearlnrs I4.iSefcr
balances 3331934. For tha week: Clearings 34K- -
CSS.7M: balances S3.O4.04S. Money 4U, per cent..3rri
New York. July 13. Exchanges S5330.43; alv.
Imports and Exports. tlvmtL-
New York. July 13. The Imports of specie taWtaor '
week were 119.53 cold and t'Aat stiver. The c4?
ports of specie were S343.ST sUver. Th uupeasaO-OS
9 ryroods aad raerchxadlse wars Titaeiat f
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