Newspaper Page Text
SUMMARY OF THE DAY'S TRANSACTIONS IN THE MARKETS ST. PAUL UNION STOCK YARDS Unlimited Home Market for All Kinds of Live Stock From Minnesota, Wisconsin, North and South Dakota, Montana and North lowa. ACTIVE DEMAND for Fat Cattle. Hogs, Sheep and Stockers and Feeders. Save Time and Shrink, and Get Better Returns by Shipping to This Market. CIS. L Ml COMMISSION GO Live Stock Commission Merchant}. Room 10 Exchange Bldg., Union Stock Yards. South St. Paul, Minn., and Union Stock Yards. Chicago. 111. All correspondence will receive prompt attent.rva Liberal advances made on consignments. References—Union Stock Yard.-? or any Commercial Agency. CONDITIONS IN WALL STREET ARE MORE NORMAL Market Is Renaming Its Ac customed Confidence, and Firmness Is Noticeable- Some Uneasiness Caused by the Gold Exports—Crop Outlook Good. Special to The Globe. NEW YORK, May 17.—*Hiere is a Striking change of feeling on the Stock Exchange. Twelve months ago we were near the crest of a wave of wild - speculation. Six months ago we were on the verge of despair, and in fear of a crisis or panic. Now we are settling down to more normal conditions; despondency has ceased, and confidence Bhould soon commence to regain its accustomed sway. The reasons for this ara easy to discover; liquidation improved monetary conditions and brilliant wheat crop prospects being the principal causes. The speculative leaders, however, apparently realize that the market requires further rest, and therefore remain inactive at pres ent. The present supply of securities, including the new issues, Is really all the market can stand under existing conditions. Nevertheless, as just stat ed, there has been a moderately favor able change of temper in Wall street, which is justified by new conditions, and which, if'allowed to develop on natural lines, without artificial inter ference, should later on lead to im provement in values. Gold Exports Cause Alarm. Some uneasiness was shown at gold exports, which aYe usual at this sea son, and have not yet been sufficiently large to cause alarm. The European markets are generally well supplied with funds, and, as the financial situ ation in England, France and Ger many is improving rather than other wise, there seems to be no occasion to i expect large demands upon us for gold. The enormous applications for the Transvaal loan, making allowance for oversubscriptions, show a surpris ing abundance of capital abroad await ing investment. Money is known to be very plentiful in Paris, and the strain in Germany has been greatly relieved by the improved industrial situation. The most likely cause of gold exports is the falling off in mer chandise exports, which in April left us a trade balance of only $21,800,000, against, $33,300,000 in April, 1902, and $44,000,000 in 1901.* This continued shrinking trade balance is one of the most unwelcome signs of the times, and cannot be overlooked. For the ten months of the fiscal year the ex cess of exports was the smallest in several years, being only $359,000,000, against $435,000,000 in 1901 and $594, --000,000 in 1900. This shifting of the balances is entirely due to heavy im portations. Our exports, are almost up to record figures, while imports have far surpassed all previous levels in consequence of the great trade ac tivity at home and of our temporary Inability to supply the demand for some manufactured articles. Big Wheat Crop. In the crop situation there is little change. The season is very backward for cotton, corn and other crops, which Can hardly be considered favorable; but it is early, and there is plenty of time in which to recover. A bumper wheat crop is practically certain and this is a factor of much importance, especially to railroads in the wheat belt, some of which have shown an undercurrent of strength in the stock market in consequence. The money market is easy, as usual this saason, when legitimate demands are at_a minimum. The steady expan sion in loans during the last few weeks is hardly a welcome feature, and the bank reserves, though larger than for the past few years at this time, are comparatively low. Still, the supply of funds has been some what augmented by funding opera tions, and the withdrawal of trust com panies from the clearing house agree ment will prevent the locking up of $30,000,000 to $40,000,000 for reserve account, if all the companies take the same course as it Is rumored they will. It will be remembered that about $15, --000,000 was required on Jiine 1 which will not now be withdrawn. Speculation Is Dormant. Speculation is dormant. Active fluctuations ore mostly confined to spe cialties, and until crops are fully as- BUred it is likely to be simply a trader's market, making good stocks a purchase on the sharp decline and equally good sales on the rallies. From present appearances we are likely to have just such a market for some time to come, until money or crop prospects warrant a change of opera tions. The market, however, is sub ject to the control of the big operators. and should their plans or deals call for more activity such may easily come when least expected. Fortunately, there is less reason to apprehend tight money this fall than there was on Jan. 1. The attitude of the public toward in vestments is likely to become more hopeful. Thinking powers are at last now brought more into use, vand pur chases hereafter will be of an entirely different character from the recklessly Indiscriminate ventures of 1901 and the early part of 1902. Such an exer cise of judgment will do more even than the Sherman law to check un wise combinations, and in It lies the hope for an improved ' market for standard, unlnflated securities. That there is money awaiting safe invest ment in considerable amounts is at tested by the oversubscription ten oAtooo.ooo. latSßt NeW York city loan OX vJiU'JU.UUui Chicago Produce. CHICAGO. • May 16.—Butter steady; creameries. 16@21%c; dairies. 16@18c : eggs easier; at mark, cases included 14% ©"fee; cheese, new. weak; twins, 12>4@ H%%isv Sie!i! 13 @14#c; Young America; *3}4@13%c; live poultry firm; turkeys 10 .©l2c; chickens, 12%c.~ ' Geo. L. Lytle. W. H. Smith. T. F. Joyce. President. . Vice Pres,. Sec. and Treas. W.ffi. CAMPBELL Commission Company (INCORPORATED.) Live Stock . Commission Merchants' Union Stock Yards, South St. Paul. Consignments and correspondence so licited. Market reports furnished on ap plication. We do a etrlctly commission business. References—Stock Yards Bank, So. St. Paul; Security Bank. Zumbrota; Hon. A. T. Kroner, state treasurer. Capitol build ing; A. C. Anderson, cashier St. Paul Na tional Bank. St. PauL ROGERS & ROGERS, Line Stock Cmissfn iffs!tnt]< Room 2. Excnance Building, Sttuth St. Paul, Minnesota. nighfst market price? obta!n»<l for ■tock. Prompt attention given to al! cor reßpori'2«i-ce and orders. Reiwences: Any Commercial Agency. NO CHANGE IN HOGS MODERATE RECEIPTS — READILY MOVED AT STEADY PRICES Cattle Receipts Light — No Change In Prices—Yards Are Well Cleared of All Kinds, Including Common Stuff —Sheep and Lambs Quoted Steady. SOUTH ST. PAUL, Mmn.. May 16.— Estimated receipts at the Union stock yards today: Cattle. 125; calves, 75; hogs, 1,700; sheep, 75; cars, 30. The following table shows the receipts from Jan. 1, 1903, to date, as compared with the same period in 1902. Year. Cattle. Calves. Hogs. Sheep. Cars. 1903 .. 68.249 20.860 303.399 171.658 7,458 1902 ..68,344 19.231260,595 152,289 6,631 Inc 1,629 42,804 19,364 827 Dec. .. 95 The following table shows the receipts thus far in May, as compared with the same period in 1902: Year. Cattle. Calves, Hogs. Sheep. Cars. 1903 .. 6,841 2,433 29,343 1,838 659 1902 .. 4,650 2/797 26.183 1,026 538 Inc. .. 2,191 .... 3,160 812 121 Dec 364 .... Official receipts for the past seven days are as follows: . Date. Cattle. Calves. Hogs. Sheep. Cars. May 8 ... 331 lt>4 1.926 '31 40 May 9... 59 37 ■ 2,064 241 33 May 11.. 610 83 1,673 4 46 May 12.. 829 499 4,344 101 90 May 13.. 630 159 1,938 14 53 May 14.. 403 85 1.357 137 35 May 15.. 227 90 1,505 462 32 The various railroads entering the yards reported receipts for the day. by loads, as follows: C. G. W., 5; C, M. & St. P., 1; M. & St. L... 2; C. St. P., M. & 0., 13; G. N., 5; N. P.. 4. Total, 30. Hogs. Date. Aye. Wt. Aye. Cost. Price Range. May 8 223 $6.39 $6.25@6.70 May 9 221 6.45 6.25^6.70 May 11 224. 6.31 . 6.20(5)6.65 May 12 214 6.16 6.05^)6.40 May 13 220 6.16 6.00@6.50 May 14 212 6.13 6.00@6.55 May 15 230 6.22 $6.10@6.65 Prices steady. Receipts rather light. Quality about the same as yesterday. Price range. $6.lo '<M. <>B; *-bulk, light and inferior grades, $6.10 <36. 25; mix ed, $6.30®6.45; butcher and heavy, $6.50@ 6.60. Representative sales: _Hpgs— . No. Wt. Price. 'No. WtTPrice. 54 286 $6.60:27 315 $6.50 62 225 6.35J36 228 6.30 49 213 6.30160 219 6.25 69 221 6.25140 206 6.20 59 217 6.20J68 201 6.15 85 188 6.15145 168 6.00 58 174 6.10! Odds and Ends— 3 363 $8.30| 7 381 $6.24 10 352 6.20J 5 192 6.10 Pigs and Underweights— 8 150 $6,001 2 90 $5.75 3 110 5.70| Stags and Boars —- 1 ... .77.7~370 $5.0~0! 1 410 $1750 1 350 3.001 • Cattle. Receipts very light. No quotable change In prices on any kind. Yards well cleared. Representative sales: Butcher Steers— No. Wt. Price. |No. Wt.Prlce. 5 1516 $4.80' 1 1200 $4.50 4 1402 4.40] Butcher Cows and Heifers— 3 1097~54.10 f6 ~ 978~5374~0 2 905 3.25J 1 940 2.§5 Cutters and Canners — 2 700 $3.75[ 1 960 $2.50 1 v 970 2.00J ' r Butcher Bulls— ' i 777i50b~53.00j 1 1290 $2.75 1 1070 2.601 Veal Calves — 3 127 $4,501 1 150 $4.00 1 80 3.501 _Stock and Feeding Steers— 4 595 $3~45]T~. 576 $"2790 2 575 2.751 Steer Calves— 4 ..- 290 $3,401 5 248 $3.00 2 300 2.0Q1 Stock Cows and Heifers— .2 510 $2.601 T 590 $2.50 Heifer Calves— J ;•• 357 $2.50 Stock and Feeding Bulls— 1 770 $2.601 1 620 $2.50 Milch Cows and Springers— 1 cow and 1 calf $36.00 Sheep. Receipts light. Quality of offerings common. Trade slow at steady prices. Representative sales: No. Kind. Wt. Price. 128 shorn ewes 93 $3.26 94 shorn owes 92 3.25 Among the shippers on the market were: Cosgiove Co., Le Sueur; S. H. Pottis, St. Peter; Sanders, Hampton; j. Helberg, Kenyon; L. M. Western, Dodge Center; D. Brown, Madison Lake; C. Footer, Maple ton; C Heuer, Leonard. N. D.; H. Ed man, Kerkhoven; A. P. Johnson, Deer Park; J. Hegerle, St. Bonifaclus; w. Jentz Henderson; S. A. Scales and T. M. Lewis, Madelia; Schmahl & P.. and R. H. Kemp ton, Redwood Falls; Carver Bros., & Co Faribault. Midway Horse Market. Minnesota Transfer, St. Paul, Minn.— Barrett & Zimmerman report that a con tinued quietness in the wholesale mar ket prevails; retail trade was fair throughout the past week; good heavy drafters and express horses were in good demand by local men; high grade light horses moved better than heretofore this season. Values: Drafters, extra $180^210 Drafters, choice 155@180 Drafters, common to good 1250155 Farm mares, extra 130'9)145 Farm mares, choice 110(9)130 Farm mare.-?, common to g00d... 100<yill0 Potatoes. CHICAGO. May 1(5.— Potatoes—Car lots, on track and in bulk; Burbanks, good to choice. 50©56 c; Rurals. good to choice, 61@53c; fancy, dusty. 54®55e; common to fair, long and rough. 45'g)49c; Peerless, 45@48c; Ilebrona, 46@>48c; Rose and Kings. 42-<a>46c; Early Ohio. 41(g>45c- Tri umphs, 40i}>43c; mixed red and white, 40 <3>45c; common, dark, rough, not assorted and s&rour.tlng, 30@400. THE ST. PAUL GLOBE, .MONDAY, MAY 18, 1903. MEnBERS REFERENCES Chicago Board of Trade. Nat'l Qer. AM. Bank, St. Paul. Minneapolis Chamber of Commerce. American National Bank, St. Paul. Milwaukee Chamber of Commerce Security Bank. Minneapolis. J. ©. GERAGHTY &.<&.,. Grain, Provisions, Stocks and Bonds* . Long Distance Phone 400 Endicott Building:, ST. PAOL, MIININ. HARRIMAN AND STOCKS BAD HEALTH OF SOUTHERN PA CIFIC PRESIDENT DEPRESSING. Poor Showing of the Banks Also Operates as a Sinker —St. Paul Makes a Low Rec ord Price for the Year —Demand From Shorts Causes Steady Closing. NEW YORK, May IC—The Illness of E. H. Harriman made its influence felt In today's stock market and this was sup plemented by the showing made by the banks, which was interpretated as poor by the trading element. The weakness of Southern Pacific was directly traceable to the condition of the health of the president of the company. The stock declined an extreme I^4, touching a new low level for the year. This weakness had some sypmathetic effect elsewhere in the market. St. Paul and New York Central also made low rec ord prices for the year. Light demand from the shorts made an impression just at the close, which was in consequence shaky. The nominal increase in the cash item of the banks was as much as was expected. The fact that today's gold el port of $1,250,000 to South America was withdrawn only yesterday and so figured for only one day in the weekly averages, upon which the bank statements are computed left the probability that some effect of the transaction would be thrown over into next week's showing. The increase in loans was generally regarded as reflecting the further transfer of obli gations for foreign to domestic lenders. Cutting Down Foreign Credits. During the money stringency of last fall the recall of over-extensive foreign credits was an important factor in up setting the money market. The tendency to cut down these foreign credits now is viewed with satisfaction in financial cir cles. But the prefessional sentiment on the stock exchange confined itself to the bare showing of the statement with its consequent inroad upon the reserve. To day's London discount market showed a hardening tendency resulting from the paying: off of the market's heavy obliga tion of the Bank of England and the bank lost over a million dollars withdrawn for export to South America. This increases the likelihood of further gold exports from New York next week. There hag been an irregular movement of bond prices and only a moderate vol ume of business, but the increased variety in the dealings has indicated a search foi investments. United States 3s declined % per cent, as compared with the clos ing call of last week. Closing List. lOpcnJHighl LowlCloae Atchison 11275| 78% 77% 78% do pfd 335 96% 96% 96% Baltimore & Ohio.. 827| 90% 90% 90% do pfd 350 93^ 93 95 Canadian Pacific ... 6150 130% 129% 129% Canada Southern 70 Ches. & Ohio 900 42% 42 42 Chicago & Alton 400 30% 30 30% do pfd 325 70 69V> 69% Chicago Gt. Western 800 22 21% 21% do A pfd 200 75 75 74 do B pfd 36% Chi. & North-West \ 178 Chicago Term. & T 16 do pfd 28 C, C, C. & St. L.. 100 90 90 90 Colorado Southern.. 140 23 22% 23 do Ist pfd 63 do 2d pfd 200 34% 34 33% Delaware & Hudson 500 173 172% 172% Del., Lack. & West. 200 250 250 250 Denver &R. Grande 320 35 34 34 do pfd 1 85% Erie 5900| 33% 33% 33% do Ist pfd 6001 67 j66% 66% do 2d pfd «... 1400 55% 54% 54% Gt. Northern pfd 185 Hocking Valley 400 102 10iy>\l<n% do pfd 200 94% 94 94 Illinois Central 720 137% 137 136% lowa Central 33 do pfd 66 Lake Erie & West 28 do pfd 100 Louisville & Nash.. 600 116y 8 114% 115 Manhattan L 2920 140% 139% 140 Metropolitan St. Ry. 500 130 129% 129% Mexican Central 600 28 27% 27% Mexican National .. 1200 23% 23 23 Mpls. & St. Louis... 100 91% 91% 91 Missouri Pacific 9960 lliy 8 111% 110% M., Kansas & Texas 7001 25% 25 25 do pfd 200156% 56y 8 56 New Jersey Central j 160 New York Central.. 321251127% 127% 127% Norfolk & Western 1710 70% 69% 70% do pfd 88% Northern Securities 96% 96 96% Ont. & Western 1000 28% 28% 28% Pennsylvania 11400 128% 128% 128% Reading 2900 52% 52 52 do Ist pfd 83 do 2d pfd 300 69% 69 68% St. L. & San Fran.. 600 77% 77% 77% do Ist pfd 80 do 2d pfd 67 St. L. Southwestern 100 23 23 22% do pfd •. 52% St. Paul 19100 158% 157% 157% , do pfd 200 183 182% 181 Southern Pacific.... 8500 53% 52% 53 Southern Railway.. 5617 29% 28% 28% do pfd 100 92% 92% 92% Texas & Pacific 5500 33% 33 33% Toledo. St. L. &W. 100| 25% 25% 24% do pfd 2001 42 42 41% Union Pacific. JI9OOOI 88% 87% 88% do pfd 900 90% 90% 90% Wabash 26 do pfd 1000 47% 47% 47% W. & Lake Erie 23 .do pfd 35 Wis. Central 300 23% 23 22% Adams 222 American 203 United States 118 Wells-Fargo 205 Amal. Copper 8700 64% 63% 63% Amer. C. & b 300 39% 39 39 do pfd 100 90% 90% 90 Amer. Lin. Oil 14^ do pfd 40 Amer. S. & Refln... 325 94% 94%) 94 Ana. Mining Co |102 Brook. Rap. Transit. 11375 65 63% 63% Col. Fuel & 1r0n.... 600 68 67% 67% Con. Gas 200 204% 204% 204 Con. Tobacco 112% General Electric .... 300 187% 187 187% Hocking Coal 17% Inter. Paper 300 16% 16 16 do pfd 70 Inter. Power 200 41 40% 40- Laclede Gas 97 National Biscuit 42 National Lead 300 19% 19% 19% North American ... 100 96 96 95% Pacific Coast 56 Pacific Mail 200 30% 30 | 30 People's Gas SOO 101% 100%|101 Pressed Steel Car 59% do pfd 91 Pullman Palace Car 214 Republic Steel 450 17% 17% 17% do pfd 100 77% 77% 76% Sugar 1200 124% 124% 1244& Term. Coal & Iron.. 730 '61 60 60 Union Bag &P. Co. 300 9% 9 9 do pfd 68 Term. Coal & Iron.. 730 61 60 60 do pfd 68 U. S. Leather 620 13% 13% 13V4 do pfd 600 95% 95 95 U. S. Rubber 200 16% 16% 16 do pfd 300 51% 51% 51% U. S. Steel 2800 34 33% 33% do pfd 4100 83% 83%! 83% Western Union 3600 84% 84%| 84 Amer. Locomotive .. 7001 25%| 25 |26 do pfd 92% K. C. Southern 200 29V- 29% 29% do pfd T 51 Rock Island 11300 42 41% 41% do pfd 900 76 75 74% M.. St. P. & S. S. M 65% 64% 64 do pfd 123 Twin City R. T. Co 111% 111% 111 Total sales for the day, 210,000 shares. SECURITIES REMAIN FIRM. Frost-O'Brien Company Gives Movement of Local Stocks and Bonds. The movement of St. Paul and Minne apolis Securities during the past week Is quoted by the Frost-O'Brien company as follows: St. Paul. Last Securities— Par. Rate. Sale. Merchants' National Bank 100 5 141 First National Bank 100 12 280 Second National Bank 100 10 220 Nat. Ger.-American Bank 100 .. 135 St. Paul Nat. Bank 100 5 108 Capitol Bank 100 6 Union Bank 100 State Bank 100 4 Security Trust Co 100 4 .. St. Paul F. & -M. Ins, Sfc. 100 19 171 EDWARDS, WOOD&CO. Minneapolis. *«• Paul. Ouluth. Grains, Stocks, Provision Bought and sold In all markets for caab or Oil reasonable margins. Members of All Principal Exchanges. Prlvats Wires. Wrfta for our daily market letter and private telegraph cipher—mailed free. Ship Your Grain ts Us. Best faciitt;«s. Liberal Advances. i'rompt Returns. S.B. Shoiwell &Go GRAIN STOCKS. Natlcn^r ©T'^an- American Bank Bldfl. St. Paul City Ry. Ist Mtg.. 6 per cent bonds.... ;..j. .1,000 8 ... St. P. Ga s Light Co., Ist 6s, 1915 ..."...1,000 6 117 do 6s con., 1, 1918...... .1,000 6 117 do gld Bs ,-J. ..1,000 5 92 West Pub. Co., pfd..,...'... 100 6 106 do common 100 10 St. P. Union Depot, Ist mtg. 6s, 1930 ...1,000 6 ... do cons. 1, 6s, 1944.......1,000 5 ... do cons. 1, 4S, 1944.. *. ..1,000 N. Am. Tele. Co „..,... 100 5 70 Superior W., L. &P. Co.. 100 .. 11 do Ist 4s, 1919 1,000 .« ... Minneapolis. First National 8ank...... 100 4 182 Nat. Bank of Commerce.. 100 6 140 N. W. National 8ank...... 100 8 195 Security Bank i 100 6 162 Swedish-Am. Nat. Bank. 100 6 123 Ger.-American 8ank....... 100 8 Germania Bank ........... 100 People's Bank ..i 100 Henncpin Co. Say. Bank. 100 6 ... St. Anthony Falls Baak.. 100 6 Minneapolis Trust Co. 100 .. 241% Minn. Loan & Trust Co.. 100 6 130 Minn. Title Ins. & T. Co.. 100 Mpls. Brewing Co 100 6 100 do Ist 7s, 1413 1,000 7 115 Mpls. City Ry. Co., Ist con. Bs, 1919. 1.000 5 108 Mpls. Gas Light Co., Ist con. 6s, 1910-1930 1,000 6 111 Mpis. Gen. Electric Ist 6s, 1903 1,000 6 do Ist con. Bs, 1929 1,000 6 ... N. W. Klevator Co 50---.. HIDES, PELTS AND SUNDRIES. Hides. Green Salted — No. 1. No. 2. Heavy steer, over 60 lbs.. .08% .07% Heavy steer, butt branded' i 07- .06% Heavy steer, side branded. .07% .06% Native cow, free of brands 25 lbs. and up 07% .06% Branded cow hides, all weights, 25 lbs tip 07 .06% Bulls, stag and oxen. ... .07% .06% Veal calfskins, Bto 15 lbs. .11 .09% Veal kip skins, 15 u> 26 lbs .. 50 .40 Long-haired kip, 8 to 25 lbs ......r..... .08 .07 Slunk skins. 20 Glue stock 03 Green — Free of brands, tare, 3 lbs. each ........ 06% .05% Branded, all weights, tare, 3 lbs each-, .-..a ;.. .06% .05% Bulls, stags and old oxen, tare. 3 lbs; each 06% .05% Long-haired skips or run ners .06% .05% Veal calf, 8 to 15 lbs 10 .08% Year kip, 15 to 25 lbs .08 .06% Green-salted horse hides, , with tail and mane, large 2.75 1.75 Green-salted horse hides, with tail and mane, ponies and small 1.50 .80 Dry Flint, Montana— Heavy butcher hides, short trimmed *........ .15-16 Light butcher hides; sftort trimmed, under 18 lbs... .15 Heavy butcher hides, long trimmed .1... .14-15 Light butcher hides, c.tong trimmed, under 18 Top.. .15 Fallen or murrain......"... .12 .13 Kip. 5 to 12 lbs .'... .11% Calf, under 5 lbs . .14-15 Minnesota, lowa. Wisconsin and Da kota— . -, Dry hides. 12 lbs and ;mp .12 .10% Dry kip, 5 to 12 V05...\.. .11% .10 Dry calf ;\.u.. .16 .14 Dry glue .04 Dry salted .10 .09 Deer Skins. Dry, red and b1ue. .{,,,., .35 @ .40 Winter, Jong-haired ."... .24 @ .30 Green J-..U. .12%<§> .15 Sheep Pelts. Domestic, washed wool, estimated -■ 20 @ .24 Territory, full wool, act uaj. weight .12 @ .13 Territory, murrain, act ual weight 10 @ .12 Territory, shearling, act ual weight 04 @ .07 Green pelts. 80c @%1 apiece, for large April take off. Tallow and Grease. No. 1 tallow, in cakes or bbls ~.05%@ .05% No. 2 tallow, in cakes or bbls .04%® .04% Rough tallow, free of bones 02%@ .02% Grease, white, choice.... -05 Grease, yellow .04 tse, bone, white . .04 se, brown, dark .03 WOOL QUOTATIONS. Wisconsin, Eastern lowa and Southwest ern Minnesota. X BRIGHT WOOLS. washed, line heavy 11 & -18 Unwashed, fine, light 12 & .14 Unwashed. medium % and % blood 16 & .18 Unwashed, coarse, low % Unwashed, very coarse, braid 14 & .15 Unwashed, cotted, burry, seedy or chaffy 14 Western lowa and Minnesota. Unwashed, fine heavy. .... .11 @ .13 Unwashed, fine light ..... .12 @ .14 Unwashed, medium »•!.••• -14 <3> .16 Unwashed, coarse ...'«>'... .13 ® .14 Unwashed, cotted, burry, seedy or chaffy V... .12 North and South Dakota. Light. Heavy. Unwashed, fine ...., 13 @ .11 Unwashed, medium '.... .16 ® .13 Unwashed, coarse ..'.. 14 @ .12 Unwashed, cotted, burry, seedy, chaffy or frowsy .11 @ .12 Montana ■ Unwashed, fine bright,,.. .13 Unwashed, medium ...... .16 Unwashed, coarse brjgh't .15 Unwashed, dark colored heavy or short ........ .10 @ .12 Washed (Aft Sections). Fleece washed, mediupi .. .18 @ .22 Flfece washed, fine ...... .18 Fleece washed. coarse, 1 burry or seedy .14 Tub washed, good to choice 20 @ .26 Tub washed, poor, burry or seedy .14 Sundries- Unwashed, bucks, aIJ sec tions .12 Black wool, all sections .. 13 Dead pulled (free from "pieces" or .skins) 08 @ .12 Dead pulled poor .05 "Tag Locks" (free of ma nure) 02 @ .05 Angora goat or Mohair 20®30c per pound according to length and condition. A BUSINESS CAREER, COVERING 34 YEARS. i/ESv ? —~~^————■—■—-1 |; . v^i- \S7 < ■ i >Rr WHEAT CLOSES AT TOP STRENGTH IS IMPARTED BY BULL ISH CROP REPORTS Corn the Only Grain to Suffer Decline — Wheat Opens With an Easier Tone, but Becomes Strong on Liberal Buying— Shorts Turn Active Buyers. CHICAGO. May 16.—Bullish crop re ports gave strength to the wheat market today and closing prices were near the top figures of the day, July being, up %(3>9ic. July corn was off %@%c, but oats were %@%c higher, with September provisions from 2% to 5c lower. Favorable weather caused an easier. , tone in wheat at the start, July being unchanged to V»c lower, at 72%.<§>72%c. and the early transactions were at some decline, July selling off to 72%@72%c. Reports of damage to the crop in the Southwest were again in evidence, and with outside markets higher and good buying orders from St. Louis and the Northwest, the market became strong. Foreign advices were bullish and under these conditions shorts turned active buy ers, advancing the prices materially, July selling up to 73% c. The selling was scat tered and principally by scalpers with profits. July closed with a gain of %@ ■■ %c, at 73%@73%c. Clearances of wheat and flour were equal to 918,000 bushels. Primary receipts were 216,000 bushels, against 285,000 bushels a year ago. Min neapolis and Duluth reported receipts of 104 cars, which with local receipts of 53 cars, 2 of contract grade, made total receipts for the three points of 157 cars, against 178 cars last week and 112 cars I a year ago. Corn Is Less Fortunate. Corn ruled dull and easy, the favorable weather being the main factor in the situation. There was rather free selling by receiving houses against country ac ceptances and the buying was scattered, but mostly by shorts with profits. The strength in wheat was a bull factor late in the day, and caused a steady tone at the close, July being %@%c lower, aX 44%@44%c, after selling between 44% c and 45% c. Local receipts were 255 cars, 23 of contract grade. Trading on oats was rather light, but the market ruled firm the greater part of the day, the bullish crop advices be ing the main stimulating influence. There was a fair demand from brokers, but offerings were light, local traders being disposed to await some definite informa tion regarding the crop prospects. The close was steady, with July %@%c high er, at 33%@33%c, after ranging between 32% c and 33% c. Local receipts were 116 cars. Trading in provisions was dull and pric es had a downward tendency after a steady opening. There was some selling by outsiders on the easier corn market and on expectations of increased hog re ceipts. The close was easier, with Sep tember pork 2V>c lower, at $16.62%- Sep tember lard was off sc, at $8.95, and ribs down sc, at $9.17%. The estimated receipts for Monday are: Wheat, 20 cars; corn, 160 cars; oats, 95 cars, and 35,000 head of hogs. Range of Quotations. The leading futures ranged as follows: |"Open l'High. | Low. 1 Close. Wheat— \ I May $0.78% $0.79% $0.78% $0.79% July 72% .73% .72% .73% Sept 70% .71 -70% .IX Corn — I May 45% .45% .44% .45 July 45% .45% -44% .44% Sept 44% .44% .44% .44% Oats — May 36% .36% .36% .36% July 33% .33% .32% .33% Sept 30% .30% .30% .30% Pork— May 18.90 18.90 18.90 18.90 July 17.20 17.20 17.17% 17.17% Sept 16.65 16.67% 16.60 16.62% Lard— May 8.85 July 8.95 9.02% 8.90 8.92% Sept 8.97% 9.05 8.95 8.95 Ribs- May 9.32% 9.32% 9.25 9.25 July 9.40 9.42% 9.35 9.35 Sept 9.22% 9.25 9.17% 9.17% Cash quotations were as follows: Flour was dull and steady; winter patents, $3.50 @3.60; straight, $3.20@3.40; spring pat ents $3.35<§>3.90; straights, $3.10<g>3.40; bakers, $2.30@2.90. Wheat —No. 2 spring, 80@81c; No. 3, 73@80c; No. 2 red, 78%@ 79% c. Corn—No. i, 45<§>46c; No. 2 yel low, 47c. Oats—No. 2. 36% c; No. 2 white, 38% c; No. 3 white, 35%@37c. Rye—No. 2, 50@50%c. Barley—Fair to choice malting, 49@56c. Flaxseed —No. 1. $1.11; No. 1 northwestern, $1.16. Timothy Seed — Prime, $3.50. Pork—Mess, per bbl, $17.37% (5)17.50. Lard—Per 100 lbs, $8.85@8.92%. Short Ribs—Sides (loose), $D.20@9.a0. Shoulders—Dry salted (boxed), $8.25® 8.37%. Clear Sides—Short (boxed), $9.50 (5>9.67%. Whisky—Basis of high wines, $1.30. Clover —Contract grade, $11.50(3) 11.75. Receipts—Flour. 18.800 bbl; wheat, 55 600 bu; corn, 242,400 bu; oats, 188,500 bu; rye 7,600 bu; barley, G6.500 bu. Ship ments—Flour. 25,200 bbls; wheat, 274,900 bu; corn, 131,500 bu; oats, 142,400 bu; rye, 1/000 bu. On the produce exchange today the butter market steady; creameries, 16@ 21% c; dairies, 16@18c; eggs steady; at mark, cases included, 14%(iif'14%c; cheese weak, 12%@12%c. MINNEAPOLIS. Wheat—Closing— Sat. Fri. Minneapolis, May 77% 77% Minneapolis. July 76% 76% Minneapolis, September 70 69% Chicago, May 79% 78% Chicago, July 73% 72% Chicago, September 71 70% New York, May 83% 83%f New York July 78% 78% New York September 75% 75% Duluth, July 78% 77% Duluth, September 71% 70% St. Louis, May 74% .... St. Louis, July 70% .... St. Louis, September 68% .... Minneapolis— of strength came into wheat in the early trading and a small fractional advance was scored. The market was as quiet as Fri day, except for the activity resulting from the operations of pit scalpers who were anxious to even up for the week and were rather undecided as to which way to turn. The close was firm at hisJi points, but Minneapolis dragged and was not so firm as " St.». Louis or Chicago. Minneapolis received 81 cars, against 87 <«*»» teet gear, and Duluth 17, against M. DORAN. O'CONNOR & VAN BERGEN BROKERS Stocks, Bonds, Grain, Provisions CC2-203 GSRMANIA LIFE BLDQ., FOURTH AND MINNESOTA STS., ST. PAUU Members Chicago Boarrt of Trad c. Direct Private Wire*. 8. The market closed strong; July, 76% c; September, 69%@69%c; May. 77% c. Out side millers were in the cash market and there .was strong demand for the little on sale. No. 1 northern brought 2@2%c over July. No. 2 went at l*4@l%c over. No. 3 wheat sold at July price to 2c un der. The following was the range of prices: Closing. Wheat— Year ": Open.High.Low.Sat.Fri.Ago. May .':;..'...■,....,.. 77^ 77% .... July 76% 76% 76% 76% 76% 75% Sept ...69% 70 •■■■ 69% ;70"'69% 71% On Track—No. 1 hard wheat, 80% c; No. 1 northern wheat, 78% c; No. 2 northern wheat. 77% c; oats. No. 3 white, 33 % @ 34c; No. 3 oats, 31%@32c; corn, No. 2 yellow, 46c; No. '3' corn, No. 4 corn, 44<§>44%c; rye, 47<g>4Sc; barley 42@52c; flax, $1.15; flax futures. May, $1.13%; July, $1.14%; September, $1.15%; to arrive, $1.15. Flour —Millers are complaining of the local situation. There is a good demand for flour but local wheat prices are so far above other markets as to make it hard to get satisfactory prices for the product. Demand for feed is good and prices have been advancing. The domes tic demand for flour is satisfactory, and there are sales of clears reported* to go abroad, but on much of the foreign offers the figures are too low for acceptance. Shipments hold even and for Friday were 54,001 bbls. First patents, $4.10@4.20; second patents, $4@4.10; first clears $2.95 @3.05; second"clearS;-$2-.40@f2.45*' Dally Wheat Movement. The following are the receipts and ship ments at the principal primary wheat markets: ,;..■,! w>> pnoir^aa^ Receipts.Shipments. New York 162,050 304,462 Philadelphia 28,764 52,800 Baltimore 15.795 Boston 17,126 Chicago 55.575 274,906 Minneapolis .......... 80,910 55,440 State Grain Inspection. Northern. ' No. Railroads. N0.1hd.N0.1.N0.2.N0.3.Rej.Gd Gt. Northern.. .. 8 12 4 1 1 C, M. & St. P. .. .. 3 2 12 2 M. & St. L, .. 1 Soo Line 1 2 2 North. Pacific. .. 1 Omaha ' 2 1 3 Total 10 18 10 14 6 Other —Winter wheat, 22; mac aroni wheat, 1; No. 4 corn, 5; no grade corn, 1; No. 2 oats, 2; No. 3 oats, 10; No. 4 northern oats, 5; No. 3 rye, V, No 4 5 barley, 3; No. 1 flax, 4; rejected flax, 1, Cars Inspected Out—Wheat—No. 1 hard, 5; No. 1 northern, 140; No. 2 northern, 73; No. 3, 10; no grade, 1; no grade corn, 2; No. 3 oats, 6; No. 4 northern oats, 13; No. 2 rye, 8; No. 3 rye, 1; No. 4 barley; 5; No. 5 barley, 1; no grade barley, 1; No. 1 flax, 23. Minneapolis Curb. j Curb on July wheat 77% Puts on July wheat 76% Calls on July wheat 77% Milwaukee Curb. Curb on July wheat .. 73%, 73%. 73%-% Puts on July wheat 73%-74, 73%, 73*4 Calls on July wheat 74% Curb on July corn No trading Puts on July com 44% Calls on July corn 44%, 44%, 44%-% DULUTH. DUL.UTH, Minn.. May Wheat was stronger and quite active. July opened %c off. at 77% c, sold up steadily to 78% c, and closed at that. May sold in a small way to shippers. Flax was unchanged. July opened- %c up, sold off to $1.16 and closed there. Receipts Wheat. 17 cars; flax, 9. Close: Wheat—No. 1 hard, to ar rive, 80% c; No. 1 northern, 78% c; No. 2 northern, 76% c; No. 1 northern, July, 78% c; September, 71% c. Flax —Cash. $1.14%; July. $1.16 c; to arrive, $1.15; Sep tember. $1.17; October and November, $1.16. Oats—3sc; May. 34c. Rye—soc. HAY GRAIN AND FEED. Quotations Established In Open Trade on v. the St. Paul Board. ST. PAUL, May 15.—The following prices were established in today's trade: Wheat— No. 1 northern on track.. .78%® .79% No. 2 northern 78 $& .79 No. 3 76 @ .77% No grade 64 <3> .72 Corn— No. 3 .46 @ .47 No. 4 44 @ .45 No grade .41 @ .44 Barley s . v Malting grades 45 <§) .55 Feed grades 35 © .40 Rye— No. 2on track 47 @ .43 - Flax— No. 1 on track 1.14 Q 1.15 Rejected 1.09 <£p 1.11 Oats — No. 3 white on track...... '.33%@ .34 No. 4 white 32% .33 No. 3 .31 @ .31% Feed and Cornmeal— Coarse cornmeal and cracked corn 17.25 Ground feed. No. 1, one third oats, two-third corn .. 17.75 Ground feed, No. 2. one half corn, one-half oats. 18.25 Ground feed, No. 3, one third corn, two-thirds oats 18.75 Bran and Shorts — : Bran In bulk 12.50 Bran In sacks, 200-lbs... >*": 13.25 Bran In sacks, 100-lbs .. 14.00 Standard middlings. in bulk 13.00 Standard middlings, 200- • lb sacks . 13.75 Standard middlings, 100- • ■■'-, lb sacks ...' 14.50 Middlings, flour in bulk....- 14.00 Middlings, flour in 200-lb sacks •• 17.00 Middlings, flour In 100-lb >v. sacks .... ...........?:' 15.26 Oil Meal, per ton M 23.50 Hay— Longevity of Honorable Deal ing Is the Most Emphatic Recommendation That. Any Business Man Can Present.. It is just as necessary for the speculator to be sure of the integrity of the broker with whom he deals, as it is for him to be on the right side of the market. The Chicago board of trade, or any other reputable exchange, is an. organiza tion to facilitate trading, and to establish cash prices for grain and provisions the world over. The house of M. Doran & Co. has been members of the Chicago board of trade for 34 years, having been established in St. Paul in the spring of 1868, and can be truthfully called the pior.oer firm of the Northwest. Few brokerage firms in Chicago, and none in the Northwest can point to such, a record. Michael Doran's estimate of wheat crop prospects in Minnesota and the Dakotas, or of the size of the crop after it is raised, commands as much pr more attention and respect than that of any other man in the Northwest. Make your trades through a regular broker, a member of the Chicago board of trade, a reputable house; and beware of the places where you gamble with the keeper of the shop, on the prices as he puts them up on his blackboard. He shuffles the cards. deal 3 and turns up the trump all the time, and he isn't doing it simply to occupy his mind. In letters, issued from time to time by his house, it is Mr. Doran's intention to give his clients the benefit of his own observation and that of his correspondents. We respect fully solicit your correspondence. M. DORAN & CO. NO INTEREST We charge you no interest for carrying long stocks. If you are paying inter est to others you are throwing money away. fifir Commission 111 jr Company. %# *%0 £■» Incorporated Capital and Surplus: $300,000. Grain, Provisions Stocks and Bonds Bought and sold for cash or on mar gin for future delivery. . Commission { ggg fttf*,^ Margins Required j SSfifaVJ!*" If you have an account with us, you can trade upon it in any of our 130 branch offices. We refer to 150 state and national banks which are our de positories. GENERAL OFFICES: BANK OF COMMERCE, MINNEAPOLIS Branches: N. T. Life, Arcade, Minneapolis. 220 Third St. So., Minneapolis. S. W. Cor. Robt. & 4th st., St. PauL FINANCIAL. H, HOLBERT & SON. Bankers and Brokers 341 Robert St. St Pair!. Choice upland 12.50 ©13.00 No 1 upland 12.00 @12.50 No. 2 upland 10.00 @13.00 No. 1 midland 9.50 ©10.50 No. 2 midland 7.00 <g) 8.00 Choice timothy 14.50 @15.00 No. 1 timothy 14.00 #14.60 No. 2 timothy 12.00 @13.00 No. 3 timothy 8.00 ©10.00 Straw— Rye straw 6.50 Q 7.00 Oat straw 6.00 $ 6.50 Flour — Patents, firsts 3.85 <O 4.05 Patents, seconds 3.65 @ 3.55 NOTICE OF HEARING FOR VACATION Of Part of Eva Street in Morrison's Addl« tlon to West St. Paul. Notice is hereby given pursuant to law and the order of the Board of Aldermen of the Common Council, City of St. Paul. that the petition of the Northwestern Fuel Company et al., for the vacation of that part of Eva street, in Morrison's Ad dition to West St. Paul, lying end being between Blocks 11 and 19, in said addition, and extending from Eaton avenue to the center line of ODell Creek, as shown by the plat annexed, has been filed in the of fice of the City Clerk of the City of St. Paul, State of Minnesota, in and by which said petition, the facts and reasons as signed for such vacation are as follows: That there is no bridge across O'Dell Creek at the southerly end of said Eva street and there is no street in any man ner connecting the same with Clinton avenue on the southerly side of the tracks and property of said Chicago Great Western Kailway Co., and that the char acter of the ground at said place Is such that a crossing at said point is imprac ticable and is not demanded by either the convenience or requirements of the public and that the portion of said street hereby sought to be discontinued and va cated is not used by the public. That the Northwestern Fuel Co. Is also the owner of Lots Eight. Nine, Ten and Elevei in Block Six. of Eaton & Morri son's Addition to West St. Paul, being property immediately adjoining the prop erty hereinbefore described as owned by said company, and it is the intention of said Northwestern-Fuel Company If your honorable body vacates the portion of Eva street, hereinbefore referred to and here by sought to be vacated, to place valuable Improvements on the entire property own ed by it, which it will be impracticable to place upon the same if this petition Is not granted. Pursuant to law and the order of the Board of Aldermen above referred to. adopted April 21, 1903. said petition will be heard and considered by the Commiitee on Streets of said Board of Aldermen of the Common Council. City of St. Paul. on the 11th day of June. 1303. in the Cour* ell Chamber of the Court House and City Hall, in the City of St. Paul, County of Ramsey and State of Minnesota, at 4 o'clock p. m. on said date, at which time and place said Committee on Streets will investigate and hear all evidence and testimony on the part of the parties in terested in said vacation. Dated St. Paul, Minn.. April 24 1903. MATT JENSEN. City Clerk. April 27-May 4-11-IS-1903 IH"EMHI ■ MENANDWOME*. KP*^K*^^W Use Big « for unnatural ABBKT In 1 to i d»i.^H| inflammation*, js€»s7 Gu»r»ate«l V irritation* or tilc«r«vioß* m^m aot to •tr'etur*. of tnuoout niembr»n««. EP* b l"f«eii«. Coni««!oii. Painless, and not **«*in- RsITHEEvANSChEMICALCO. pent or poi<<ODoni. WA CINCIHHATI.O.M I Sold by Dru«liU, » rVML' 1-P. 8. *. 'gßs^or sent in plain wrapper, ':';^Hliblß>^' ' by sxprAM. prepaid, fat V^B BIT^B »t.OO. or 3 bottle* $3.74. pi Circular »nt on i MtuwC 7