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practically their entire possible output well into July. Accord'.Tjj to a representative of one large company it is unlikely that price concessions will tie granted to consumers. It la pointed out that the tsfacsa of the large consumers of copper Is larjrer than a year aifo. and that copper production has shown no increase to speak of since the first of the year. They argue that under such conditions roncefslons are unlikely. PRODUCE EXCHANGE STOCKS. Trading In the mining department or the Product Exchange was Inactive yesterday an-: the total rales were only 4 ¥*'> shares, distributed among iiv» ptorks. Prices showed a silent failing off from the preceding day. The nv>st active stock yesterday ir£s Bed Kin?, which Is in the un'.ls'e*,-! department. Three thousand shares of this stock were sold at We and 22c. One thousand Branch Mint sold at 14c, half a point below the lowest point reached on Thursday. The other transactions were: 899 Tri bUlUon at 2\. 100 Bonanza Belt at 44 1 * and MS Mon mmta 01 '**• Bid and asked prices were as fol lows : Pi<! AlkM . ! Bid Ask A("ams proapaet. 17 l«4j Mines Co rt Am. 14 IS Am Chide Co . I*4 200 ! N«v Con Cop Co. 14-* 15 Bonanza P. Cop. 4% 5 I Nevada Exp I* 1 ? 20 P h Mint p* pr. 14 14V Nlpiaaing M Co.. IS\ 14' i Crk»r lack pros. 21 24 f>M Hun M fit.. 3»» 3», Cumlvny Cop.. *\4 OrovtUc Pr*drlng 4 4>» Ptt. Cop Co Ltd «- t «'»\ Pan Toy SO »0 Furnace Ok C. l'» l'» Tonopah Ext 2V 3Vi Or Gold-Silver.. V- 1 »-l« Tramp Consol M tS Jjmbo Ext 2 2*> Trl Bullion 2*i 3 Si Kinley-Dar . 14 IS 1 Troy Manhattan. 2 24 THE FEDERAL TREASURY. ■Washincton. May The condition of the Treas ury at the hr tinning; of business to-day was as follows: RESERVE FUND. Cold and coin bullion . . . . . ... Jisn.nno.oon TRUST FUNDS. TO REDEEM OUTSTANDING CER TIFICATES. Gold coin . $677.544. '"•0 Silver dollars 47r..<7" (UM) Ellver dollars of 1880 6. 176.000 Total 91.159.Mft.569 Genera! fund 1162.185.827 Deposits in national hanks 181.105.19S In Philippine Treasury 4.009.552 Awaiting lelmbursement 97.555 Current liabilities 113.027.001 •RAILROAD EARNINGS. WABASH. ll*f>7 ltKfl IP'VS- K<jmb*r of miiee £ 4*B 2.420 2.5» Fourth week in April .. J710.040 Ss6B.f*« $^42.!>■>9 Mr ISS April SB 2U657.217 2<>.«74.7ft7 20,001,641 WESTBRX martlaxp Fourth m^eek in April. ?1«4.771 $122,218 f1f>3.230 July 1 to April SO ... 4.r.1«i.5>47 3>74.135 8.177.515 TORONTO. HAMILTON * BIFFALO. Month of March JSS.2OO $«>.r<v? |9».156 July 1 to March 31 .... 3.362 W7.244 492,277 BANX3OR & AROOSTOOK. ■ Bta sf March— < Gro*!" earnlnjrfi $325,122 $251.1>32 J224.4R3 O;«-'.-:r.K expenses... 214.^23 140.05S 127,371 . Net earnings $111,009 $111,244 *!>7.' v .< 2 July 1 to March St— Gross ««rn!r.« 12.57K.0U f1.<»24.7<»7 $1.8R5,680 Operating expenses 1.55»..*05 1.130.228 1,011,778 Net earnings » me*. $7«».rtl'> $6»4.539 1578.M1 CHESAPEAKE * OHIO. Mor.th of March — Grc*i earninps $2.250. $2.14«.5."5ft $1 MS 343 Operatlr.g expense* I.U2G.S<>6 1.193,4(59 1.1M.^l Net esrri',«< ... $723,927 (SS3.OGD 5666.953 July 1 •- Ma :-, 2« — Crow earnings .. $1«.7V.,620 515.2A4.220 $15,401,550 Operating expense? 12.117.570 10.961.612 1Wi5.242 S,'et avaaßßß » mn* $«.<V4B ftVO $7,242 fin? $5.54(5.317 LEHIGH VAUL.EY «cnth of March— fixer aantin«a . $2^77 130 $2.K20W1 |2.76A.0«l Ojeratirg expensea 1.553.475 1 <15.037 1. 685.298 %>. mi naa |1.123.«53 11.247.694 1.191.663 Oth«r income 40.374 39..M4 67.3 M Total :r HIM $1. 173031 J1.247.10S $1.25».019 Adiltlcn* «r. ', improve ments 143 «24 129.7«2 MJ9I Ptirplas . $1,029,207 J1. 117,345 11.172.0X8 July I M Merh 31— Gro»» earnings $*V43A.MSR $23.3«1.. I $22.R<»7.«47 Operating niiimii . !6.3«5.{*62 :5.52P.310 18.867.550 ] . Hat earnings » BMa $;« '«><! 90.0191300 $O,OTiO.(V?S /O:r.*r laconic 74!'. 772 591.083 410.613 Tots.l Income $10 813.675 «ia233,2fil $9,410,701 MOKfam and improve incuts 1.499.73.') 1 ri33 S>4i» !VV.7RiI Surplus .. MOM 99 19&.342 55.&04.921 SOUTHERN PACIFIC M-jrth af March— Number of miles 0.42" 11.1P2 147 Grew earnirpt t10.009.53S fa. 074.746 $7.*30.50S Expense* anl isj:<>s... 7.4fi2.5c\% s.s<«.H»;» 800.814 Net earnicm $2.557, ' in «3. 1«i>,637 $1 ,939.2*1 July J to March ll— <srrts» esrnir« 9K.414.519 $7* 'tVyftii $71,071 I<V> !Espec»ei »nd Uxps... N.5M.091 ■.MaVtal 4R.n6fi.f'7rt BBS earnißrj » ssaa ■•«» &2« 9M.gi0.8a9 (22.471.130 CXI N PACIFIC. ' afaatli of March — ftasaar ef miles 5.«2% 5 415 5 352 1 Gross earair.se K3no.?n 15.106.913 $4 779*01 '• Eip»r.t« ud Him... 1. 859.109 2!*<f<.i>2& 2.«?2<M>39 >'•• «rnlnts $2 347.<V)1 $2.165.655 $2,153,762 ' July 1 to Merch 31— GfoM eamir.«« ...9M250.0M $5n,7«7.r>25 $44 «Ofl.fiS7 j Cj»ra.tl3jg; exr»r?e* 30.486,707 27.171 .«22 23.*il( 1 *««■■ . f> 1.(0.7*1.999 P*J9i.oo9 $20.8&5 673 SOUTHERN' RAILWAY SYSTEM. SOUTHERN- RAILWAY. Sloaa of March— Ki».b«r of miles 7.552 7 4J»S 7 192 Ort» earning . 95.t13.A37 $4 = '!< riiS $4..*.42.437 Operttlnr expenses 4 "»■?.•■ ?.:,>»« 3,134.617 fell etrr.inr* $512.6P2 $1,311,020 $1,407,520 Jalj- 1 to March 31— Crw« esrn:r.*e 942.484.J84 140.400.181 tSI.AIS.S3S Opf-»tu.g exp-r.«es 53.300.801 98.55Z.534 30.096,098 ; Ket earninut b moa. $9,193,933 $11,527,767 $10,r.7?.33S MOBILE & OHIO. Jttsnth nf March- 1 master of 11ea...... 92S f>2« 926 W>a» »«rr.;i^f Iff.; .85= $X.-.; 7*2 $7*l ■*aaii«»t and taxes... 007.999 .'.<>. s«« 4 47 •«',*> < Net * arr -'-»"'« $324,105 278,028 . $272,301 July I to March 31— «"M eamlns;« 17.919.aR7 ffi.9«4 412 f« I<i7 7.vi ■»J*na»-t and taxes... & 370.821 4,«15 4 123.74.". Kb) aaratnaa • rn^. 99LasCO99 $2,349,027 f2.064.005 OHCUrKATT, NEW ORLEANS & TE?XAR PACIFIC. Mccth cf Msrrh— ».'mr#, of rr.'>» .. ?.;«5 33H 3"5« ■fwl'!!,.*' 1 " 11 " 8 * f«A3IW $7^.447 1897.648 "l* 1 * 1^? exptntel ... 561.K72 m.3.12.'! 452.2i9 &i a v r i" , -. fl24t " •»•«• •»■»• I • oTl ! ti.,* lrlllrs * tn.Zn.KXI |tJ97.799 «.',.4<i;7«3 viitraune npeoaca 5.117.054 1.764.054 a.205.00S >« e*,r:;r,j» 8 m f1.1f10.002 $1. 47:{.<i4.". |I,S7».BSfi ALABAMA GREAT BOUTHERX. v T ' ' O^L "" ~' M ■• :-;<■* 990 o£r!.*,V M •■•••• 1337.054 $331 <«. 9910.900 "Paajoac cavanata 272.41« 2<;C,22'. 247. M,7^S^-iiZ ••«.«« 994.M4 158.45S o^.r* rr ° a!nir " • • • • $3.<»4t.7-i 92.CM.a?l $2,477,023 viTra^nc aspeaaei 2.4<>r>.l<i2 2.280.663 2<"»l4.<^7H Net **•""-«• 9 bw. 1999.901 9999.100 $46.') Mr. » „ CBOHGIA FOCTHEItN * FLORIDA. ■■- Q^u'rV 11 ! I " -•■'••• $214.'^ $174.5^ $144 .V« lUr - f *il*n».s.... 167.327 140.424 124,792 BL ;r^' Ml 242 $2SAS', $10^ S2»2sf^sS 11.706,4*) $1,451,025 $1.21».«a vr-n.~z f expenses.... | 999J03 1.094.726 002.079 *« ttrnln»» 9 m/> , $322,924 990U99 rUTTaOO NEW YORK CENTRAL. ***. 1 to March 21 — On, — - lf*l7. • :< " r ' ' naaa. Eii*««;: rTI - B »» 121.7W.770 121.292.2C6 Inc. *4im i 1 .202.«i71 15 447.712 [Be! 2.755.100 Criei iJ? S!rri $SSfc".«ir» $5,K44 493 DeeT2.2.*,5.594 _aw laaaiM 2.35&51S l.!»l.fiSl Inc. 767.894 Ct±^. l ? C ? 11 * ■•• 1».*4».4M $7.43«.174 r>»C.sl.4f<t.7«O '■'a and taxes.. R. 725*22 5.522.626 Inc. 200.706 CrtS^i'l • • 1218.482 $1 ma 9*S r)ec.51.603.«!l en - f 5679.4 M 1^64.973 Inc. -14 RO7 "•* $2.4K«.»M *4-.-!7.-. 1nc.52,505.5«3 DENVER & RIO GRANDE. 11l 11 « <IT.-\-i'.\rm Rio Grange Western.) Op^t^ l^^* $1 *"'■' :{lvl w *' 4(0,700 *J» ci Pen«e« ..... 1.066.0M6S 1.033.244 00 lawJ*;?-"^* 1 $642.423 M 9440.402 59 •=* ™ »«^rlile». etc.. - 9»J S3 78.20.-, 10 •^S^a^T*^*S ! t5" - ■ w ******** S28 ' T2758 ■"a. ln«ur»nr»; ana rentals 343. 28 340.60!) .'.7 •22aT *,.,. • » H09.119 01 * l - uc<! MuOOOOO 10.00000 wStJ/ifi. " month 99T0.4500S ~ 9179, 11901 ' «!*« „ .h " * cl<vl March Sl— , I r Ope r «ii£. m' ?*" 915.7W.8C13 SI 914.045.002 '/I ■^U"*^' ' I6.SftS.H6S 73 |5.f.<C...4*423» »» BMBi secunun. «te. . 239.14982 23u>53 48 fc ••^^antoT smn?25 m n?2 " • 06.1S».«807 19.090,290 07 £ '■»><»^_ «X*4 '-harswi. «». insurance tiii,) rentals 5.1H3.164 C 3 9.1(9.927 I? *£i*T fu&4 »2.W1Wi774 ~52.622,(VW 69 |PIUM - IUM 9911099 00 tK».oooo<) k '"?« *,f m CH th " . «2.66>.fc«7 74 $2,732.WW M fc^: • _ 1.142"17 1.142.517&0 '**• ;*/ll' $1,719.0503; $1,100,151 ft) UirreoiT, TOLEDO & IRONTON. • ! :3l^*t,it la ._ rf , ' KW. lim Chaises. **• rl r ■ " il *73.r>54 182.551 inc. 111 tyc 1 5.i21,7Jl 3.267.177 Inc. 64,617 COTTOX GRADIXG FIGHT Injunction Causes Explanation of Sytem in Vogue on 'Change. The injunction suit brought by Theodore H. Price against the New York Cotton Exchange and its classification committee to restrain them from con tinuing tnelr present system of grading, was said yesterday to be unprecedented in the history of any exchange. The action of the judge in modify ilng: the temporary Injunction he had granted, thus relieving the exchange of compliance with Us terms until the hearing on Monday, and the announcement made just before the opening that it was the opinion of Henry W. Tn::. counsel for the ex change, that th« injunction would not be made permanent. It was said prevented any flurry in the market. The markf^ was irregular throughout the day, however, and trading fell off considerably as a re sult, it was supposed, of the uncertainty over the final outcome of the proceedings instituted by Mr. Price. The operators appeared to be more con cerned over the outcome or the suit than the state of the weather or any of the other conditions that affect the market. Some of the trades felt bitter toward Price, and there was pom.; talk of boycotting him. K. M. "Weld, one of the foremost operators on the ex change, generally regarded as being identified with tho bull party, offered to sell £00.000 bales of May I at about fifteen points over the market, which ap ! Beared to Indicate that a split had occurred among the bull crowd. Mr. Price issued a statement yesterday morn . ing in which he said that inasmuch as the Injunc | tion simply ordered the exchange to conform with i its own rules, regulations and charter and with j the laws of the state and the United States, the i effort to avoid compliance with the terms of the 1 injunction was an admission that the exchange ! had not heretofore conformed to them. Later he denied a statement, issued from the office of the president of the exchange, that the New York Cotton Exchange was the only exchange in the world which guaranteed the grade of cotton de livered under Its rules. Mr. Price said that, as a matter of fact, the exchange did not guarantee the grade of cotton delivered under its rules, and that a section of the bylaws specifically provided j against the exchange being held liable for any i claim growing out of any certificate of grade. "When the statement was shown to William V. King, superintendent of the Cotton Exchange, he said that the grade was guaranteed for a year from the time of purchase, and that If at the time of delivery it was found not to be up to the grade specified by the, classification committee, the pur chaser would be reimbursed out of the inspection fund maintained for that purpose. He added tjjat this Inspection fund now amounted to about $»«). 000. and that if Mr. Price or any One els» had bought cotton that was not up to grade, all they had to do was to tile their claim with the ex change, and if it was proved that the cotton was not as specified they would be paid out. of the fund. Mr. King gave figures which showed that in twenty years the total claims paid out on cotton not coming up to grade amounted to only one-twentieth Of 1 per cent. In that time 3.E38.022 bales, of the value of 5159.210.M0. had been graded. In case the inspection fund was Inadequate to pay the claims against it. Mr. King said the bylaws provided that the claims should be filed and "paid for in the or der of their receipt as soon as money available for that purpose had been received and paid Into the fund. The Inspection fund is maintained out of the surplus remaining after paying the expenses of the Inspection bureau. Mr. King said that inasmuch as the fund now amounts to $20->.<>V) and the total paid out in claims in twenty years has been only $!»4.596 92. it would seem to be ample to meet any claims that might be made against it In the future. Henry W. Taft. counsel for the exchange, paid yesterday that he was preparing affidavits contra dicting the statements mad« by Mr. Price, and that his clients denied all the allegations made in the complaint. He stated also that if the injunction was made permanent it would put a stop to all business r»n the Cotton Exchange, because It would be impossible to guarantee contracts for delivery » m PENNSYLVANIA STEEL COMPANY. The annual report of ft' 1 Pennsylvania Steel Com pany for th« year ended December 31. ISM, has been issued. Tho combined income account of the sub sidiary companies for IMS compares as follows: lf>"* ISOJ IPA4_ Net earnings »s.4»C'.<<»vi ti.bW 24S $2 47.', Other Income w.4''.s -77.717 I*7. Total income J." M 8 «.M »5.2<U 12 280 Interest, ate 821. M2 611.&62 ::•*:■:; Balan-e $s.U«.<"^lS 54.4."i2.4ai 51.967.51fl Depreciation IJSIS:STI 1,763.101 182.001 S'irr.:u» - t3.f158.237 12.W7.212 f 1.235.513 Preferred dividends.... LG&3.000 1.1*4.000 1 185.000 Surplus $1.0*0.237 •$1,533,212 $SO.M 3 •Bntlre surplus over pniCatTad dividenda was trans ferred to reserve for future plant lmprovcm»nts. MANUFACTURERS BUY MUCH ABROAD. Imports of Materials for Their Use May Ereak All Records. Washington. May 3.— Unusual activity among the manufacturers of the United States is in dicated by the record which they are making in the importation of foreign materials for use In their Industries, according to a statement Issued by the bureau of statistics to-day, covering the nine months ended March 31 last. The figures indicate. nays th^ statement, that the value of materials Imported for manu facturing purposes, whether crude or partly manufactured, will in the fiscal year lf»07 exceed by more than $100,000,000 that of any preceding year. Much higher prices are being paid for the manufacturers 1 materials, and 1 many other of the articles now Imported than those of even a single year ago, it is stated. In many article* other th.in manufacturers" material* th" import prices also show a marked advance. During the nine months covered, foodstuffs imported show an lncreaFe of $16,000,000 and finished manufactures an increase of only $40, (■««».<•(.<» over the corresponding months of 100*5. CHICAGO STOCKS. 814. Asked. 1 RH. A»:(e.i. ' A Booth* Co.. an 37V* KCHy ft t.t W* 87 A aopr/. . -•• 1W 1 10 Mai TV BEI 24 26 American Can.. C*; W4 d- prvf . . . . ■■■** 65 4,, pref .. 68 K,\t National Biscuit. .. 7.4 \m jia.iia'-r — 1'" ! do P«*f 114 114^ a r ,"f 125 129 'National Carbon. 71 77U African Ship. 74»i — I <lo i' r ' f ■ 1 " > ' :*: * lift *? p?ef :°IO4 107 KorChlc St Ry.. 32 38 Canal a Dock.. « ■ Nor West El 21 22 • ■hi" City n> . leO 20 ' so pref — M Chic Efllaon 140 143 | Quaker nats l.« 1.4?, rhlc &0P El 4 ■' , do V** 101 4 103 co pr-f. :.... 14 1« Bouth Bide E1.... «*> M Me £r.*u Tort. 40 41 6t W Stable CLW 294 Chic Title * Tr.MMi l«« <1o pref f« 88- Chic ; nlon Tr.. 44 6 Subway 164 1«4 do r.r»f 1.'«4 1«H Cn Box & Paper. 2 24 Chic Telephone 180? 00 pref ll* 11* Dismond Match 12* l» WVftrrn Stone... 23 2« niinoli BrlJk.: MH 57 Wast Chle Ry. M SO do pr«f — "•* : BONDS. Met 4». .■ — M IWChlelitti...- 96 Kxten ta.. M 4! do Cons Bs — .0 60 Ma El 44». » sl i W HS COBALT STOCKS. frurnl»h*d by Wills * Co.. 43 Exchange Place.) BM. A»ke«.: Bid. Afhed. Tl.ifilo 250 3.10 ' Trethm-ey .-• 1 21» '8 > n£2?t~:£\lM l.v. ifniv-rsitv ... 6.00 8.00 McKln-htr . IV. I.M --.r-nMeehan m ,0 Silver I>-af.. .IS 14 central 3S .3J Silver Queen. 1.45 1 -V' i » BALTIMORE STOCKS. (Furnished by Van Schalck ft Co., No. 7 Wall street.) Bid/ Asked. I Bid Asked. d mr.me..... . s . v fRy& Lsg - ,, ;i4 ab• iv ri: "•'» «. . i^f** * p i' rer ■ il S« 'a SI" " 30 40 Union Trust «« «« ;;: SJ-Wr*.: w •■>•'. wmi * osp.:in« w c r > dM :-::::.o ,Syy;^^'.-:^ » PHILADELPHIA STOCKS. 131.1. Asked.' Bid. Asked. Am Cement W\i 41 ll'hlUCo 44 45 Co of Am' 10 lOUIPhH. E r !« C 0.: .. *% >£% 1M Co ct"*"A. 51*4 22 BmokelKM row.. . 18 21 I-ehlK-h Nay f>B«i C 9 Cn C.tui Imp Co.. P2 0. .» I^hlßh Val !R nC 54 «J Welsbaeh Co 2S SO Mai»>J«n 1 IHil HOKDS. Am Ry Cony B-. 101 101 HI PUJIa Klec 4* ... ;. TgS T?&JZ*V.m* m .^•aco 5 ,.:..:i0i* Xv *Per. Pass F.y 4s. &6 $■> •Ex divideniJl NEW- YORK DAILY TRIBUXE. SATURDAY. J£AY 4, 190 V. SAN FRANCISCO ROADS ISSUE STOCK. Effect of Earthquake Reflected ia Year's Report. Th" directors of the United Railways Investn-.er.t Company have voted to favor the Issue of J." I -- of first preferred stock of tha T'nited Rallroaos Company, of San Francisco, he Mock is to carry 6 per cent interest and Is to be cumulative. Of this Issue H. 600.000 is presently Issuabte, and the di rectors of the fnltPd Railways Investment Com pany have authorised a subscription thereto at par for cash. The earnings of the rnit^.l Rail- Company show for i»5 p surplus, after tea and improvements, of* $£77. 145, against ji.534.13S in 1906 The company's annual report says that the San Francisco fire Involved the United Railroads in great loss, including the destruction of the cable power houses and severe injury to the cable con duits. The company reports that it has now In stalled the overhead trolley system on practically all the important roads formerly operated by cable, and that over 01 per cent of the mileage of the com pany is now in operation, and thai the balance will be in operation as rapidly as the city completes cer tain necessary street Improvements. The United Railroads Company expended a total of $4,001X000 between December SI. 1905, and March 1, 13 1 "'". In the restoration and reconstruction of its lines and plant. All expenditures for betterments and im provements made to March 1, 1907, bad been financed by tnat company, and its current liabili ties did not on that date exceed the amount usually carried by it. The strike of the employes of. the United Railroads occasioned both directly and in directly considerable financial loss to the company, The United Railroads, of San Francisco, and Phila delphia Company and affiliated corporations report for the fiscal year ended December 31 last as fol lows: Gross earnings. $23,785,596; ■ rating expenses and taxes, $12,331,067; net earnings, $11,444,529; other income. $289,430; total Income. $11,693,959; deductions from net income, not including fixed charges, $1,333, 944: balance, $1O,36«\O16: Axed charges, $4,880,456; bal ance. $5,479,559; Improvements, betterments, etc., $1,595.625; balance. $3,883,931; dividends on preferred stocks of the Philadelphia Company. Equitable Gas Company and Consolidated Gas Company, $881.632; surplus for common dividends, $3,552,393: proportion applicable to other owners of common stock of af filiated corporations, $8,784: surplus, $3,541,615. The proportion of the foregoing- applicable, to the United Railways Investment Company, based on its pres ent stock holdings Is $2,821,976. NXW YORK CENTRALS DEFICIT. Harriman and Other Roads Also Make Poor Net Earnings. Earnings of the -New York Central Railroad for th« quarter ended March *i made an extremely bad showing, while reports received yesterday from the Southern Pacific, the Union Pacific nn<l the Southern Railway for the month of March present ed poor exhibit a in the matter of net returns. In comparison with the gain recorded In gross. New York Central earnings for the quarter increased In gross $196,515. but decreased in net $2.888,814. owing to an Increase in operating expenses of $2,2^,^4, nnd after charges and dividends there was a delicti of 82,459,988. compared with a deficit of $48,878° In th« corresponding time i year ago. Union Pacific In creased In gross for March more than $1,000,000, but of this only a little more than $150,000 was shown in net. In the case of the Southern Pacific ths show- Ing in net was worse, as out of a pnin In gross of more than $1,009,406 operating expenses ate up the entire gain, leaving a loss from the net figures of March in the preceding year of more than $500,000. The Southern Railway Increased In gross $144,198 and decreased in net J4??.53". The fulling off In the net earnings of the Sew fork Central and the establishment of a larce deficit are attributed by the company to th* Increase in the cost of labor and to the consisted condition of th» system nil th» way from Buffalo to »■«• York in the first three months of the year. The quarterly Income account ns Issued, Includes cmong other income that accrued on all invest ments, although not actually pal ; during th» quar ter. For Instance, the. I/ik Shore rays dividends uinually. but the quarterly proportion of tha New York Central's Income from this tree is Included in each of the latter' i quarterly state ments. The December quarter showed h surplus of $^4?,l lV) after the payment of dividends amounting to J2.335.00). The management expects that, with traffic moving much more freely than It did in tha winter, with open weather conditions and with the higher commodity rates nnd changes In classifica tion that have recently been ma '.••. the earnings will hereafter make ■ far better Fhow!n<r. Officers of th« Southern Pacific attribute the de crease In net earnings of that system for March to the Interruption of the r»gu'.ar movement of trnins. caused by unprecedented storms and wash outs on the Pacific system lines of tho company, roHUlMng in congestion of traffic, which add* 1 largely to the expense* of the month for overtime. per diem payments, for use of delayed cars, etc. Expenses were, also Increased by greater rate charged per diem for use of cars, greater cost of fu^l and Increase in wag;« schedules. CANADIAN COAL STRIKE SETTLEMENT. A telegram to a local Canadian Pacific interest regarding the. vote on the settlement plans In the Canadian coal strike says: The vote at Bankhead stood thirty np.iiust tho agreement i>:i'l nlnety-flve for. Returns ai to onie from ( an mo •■. tut It la expected it will al?o d<M-iaie in favoi of settlement, Th< eight 'amps have reported, and a. laipn net ma jority favor ratification The board nf concilia tion m»t to-day, but Hs proceedings were purely It v.-ili wait th( official report of the >et tlemeni and then break up The probability is that the wn - will be concluded tiii-* week arid t;.u miners tx l ack at work Wednesday next ut the lafst. COLOMBIA'S FOREIGN DEBT SERVICE. The inspector Genera] of Public Rents of Co lombia, Lino de Pombo, hag addressed to the Min ister of Finance of that country a report on Its foreign debt service, as follows: ' By the terms of the Holguln-Avebury conven tion, signed In London on April »>. l»05, the foreign debt service was arranged by the agency of it\o Central Bunk, to which the custom houses remit every month 15 per cent of the receipts accruing from the duties on Importations, with the under standing that It be appropriated to the service of the Interests on said debt. In the twelve months if ISM the Centra] Bank remitted to London for the foreign debt service the sum of 3.J93.500 francs, divided thus: For the current Interest on the for eign debt, at th* rate of 3 per cent annually, on 87,100.(100 francs, 2,015.000 francs; for the interest In arrears on the same debt, 1.525,000 francs; commis sion on said sums and their remittance the last year, 43.50) francs; commission, 1 per cent, of the Central Bank. 49.633 franc* 75 centimes; total paid in IS<«', for the service of said debt, 3,643,133 francs 75 centimes. Now. it appears that th» 18 per cent of the cus toms receipts has been more than sufficient to ap ply to the foreign debt service, so much the more so because the customs receipts have increased to nearly Ss.OCiO.orn> francs. For the year 1907 there will bo to pay: Current interest. 2,025.000 francs: com mission of the committee, 2 per cent. 40,600 francs; balance of interest In arrears, 2.697,500 francs; com mission of the committee, l per cent, 26,975 francs; bank commission. 1 per cent. 47.554 francs 76 cen times; total to be. paid in 1907, 4.536.JJ9 franca 75 centimes. Consequently, a balance can be expected Of Hom^> 413.610 francs 26 centimes on the 15 per cent of the customs receipts appropriated to this service. Under this head may be put Into execu tion Article 4 of the London convention, which per mits the proportion of the customs receipts appro priated to be reduced from 15 to 12 per cont. In June. 1907. th< Interest arrears will be com pletely paid, and the foreign debt service will he limited to the payment of the current Interests, to gether with the respective commissions, which would be a total of ,'ibout 1,067,976 francs a year, a service which can be easily met with less than in ]■:• cent of the not receipts of the Custom House of narrnnqullla. Thus It anpears that the foreign debt service of Colombia will cost the country only a small sacrifice us It affecta only from 3 to 6 per cent of one sole claai of receipts the customs. It l» supposed that the government will be In a position gradually to take up the amortization of ■aid debt before "July I, 1910. NEW SCAIE OF WAGES AT FALL RIVER. Manufacturers and Textile Council Agree — May Be Substantial Increase. Fall River. Mas?., May P, .— Representatives of the Fall Rl\;rr Cotton Manufacturers and of the Textile Council at a conference this afternoon agreed upon a new scale of wages to be in f.,rcc for six months. The terms of the agree ment will not be made public until It has been acted on by the various unions, which must ratify it in order to make it effective. It is generally believed that it provides for a sub eianua.l Increase In the wages of the operatives. VALUING THE EAILJV AYS. Immense Undertaking of the Minne sota Commission. Some idea of the magnitude of the undertak ing of making a valuation of the railways of the United States, which has* been reported from Washington as a possibility, may be had from the programme of the Minnesota Railroad and "Warehouse Commission, which Is about to con duct such an inquiry in the State of Minnesota. When the engineers of the commission have finished their valuation of a certain railroad the commission will have before it a series of state ments to make, covering substantial!; every ele ment of physical value in a. railroad property. For- Instance. lands for right of way. yards and terminals will be investigated The engineers will be obliged to make statements showing the situation of the entire right of way of a giver, railroad in Minnesota, the name of the counties, cities, towns and Villages through which it runs, total acres of right of way, average market value an acre, the average right of way value an acre; also situation of yards and terminals, the total acres, the average market value an acre and the average value for railway purposes an acre. Then the subject of the roadway will be taken up. The 'engineers miift submit data showing the situation, acres of clearing and grubbing, how much earth, loose rock and solid rock were excavated, how much earth and loose rock used In embankments, also the protection as it con sists in riprap: the retaining walls as they consist in dry wall. mortar wall and concrete wall; also the crossties with their dimensions, and whether of oak, cedar or fa unlock, or what kind of wood, and the number, together with their present com dition; also some data concerning the switch ties. In findlnsr the value of a road it will he neces sary for the engineers to submit figures show ing miles of ballasting, kin. ls of material used in ballasting, the width at crown, the average depth under tie. present condition, also full data concerning rails, the time they have been in service, when laid, their weight, present condi tion, etc. When it comes to the subject of bridges, the engineers must submit data showing the number of piles used, the kind of timber and the total lineal feet; also the framed timber, the amount and kind; the number of cubic yards of masonry, of concrete work: the average height of piers and abutments, the age of all these things and present condition. There are hundreds of other things the. engineers must examine and report on. DIVIDENDS TO PAY BETTERMENTS. Coney Island & Brooklyn Railroad Company Increases Capital. Tiie directors of the <^nry island & Brooklyn Railroad Company, at their last meeting i n April, parsed the dividend for the quaraer. it was announced yesterday, in 19G6 the dividend was L" per cent quarterly. o r s r^ r r( , nt far thf) year In 190H 1<". per cent was paid, and in I<V4 and 1003 rie annual rate was 16 per cf>nt. The company, Which has for several years been controlled by hre r f>st.« Identified with the for mer management -<f the Equitable Ufe Assur ance Society, operates three lines of trolley* in Brooklyn, the Jay ..• | Smith street road, the Franklin avenue road ;md the DeKalb avenue' The two former Hnrs run t.. Coney Island. and the company, which is lndpependent -.t thr- Brooklyn Rapid Transit ("ompany. has charged passengers to that point I© cents on Saturdays. Sundays and I olidaya, instead of 1»> cents every of the Brooklyn Rapid Transr Company. Th " '''■'•' ' i th.it improve ments, Including new power plants, are essen '• •••■• the cost of these It was derided t i Issue $1 MO.OOO additional ■< . ing the ' ' Hon lo $3.300.<¥n>. The expense '■' th« erments will ?>e met out of of this new mock; but If the • osi Unt, the «urn Is tO be ■ -M the earnings, made available for ■ by the passing of "ne r <, ■■ , isur- TRADE IN CHICAGO. fRy Ttlefraph to The TribLne.J Chlraßo. May 3.— The wheat crops in the West and Southwest jrot some needed moisture in the r<h.-ipe of snow to-day, am that had a weakening ■ "■■ ' on the market The low temperatures morti fied the benefit to the. plant, however, and that checked bearlshness from fifWttnK the price much. There was a He decllna In tli* July and September deliveries* while May was '« higher nt the close. Corn loot !,■ to v for May and l-l*c for July. May oats had over 2c break, but reacted some, and the net loss at the close was iv July and Sop tomlier oats were each a shade higher. Provisions •■•■■■ ?(»m»wiiat easier, but declines were very small. Local receipts of wheat were. S5 cars, compared with 7 last year. May wheat closed nt Sl»,e. as compared with 81% cat the <•' tse yesterday. July at the close was B4Hc ns against » : *'- to 543, c. Wintry weather was the chief reason for a strong opening to the corn market. Hrst prices being at about »ie improvement. Local receipts were 221 cars, against 248 last year, and shipments hence were 168,000 ! ishels. Estimate of to-morrow's re ceipts were i.'i 2 cars. May corn at th»j close was IB*4c to ■J'.'^ic. as compared with yesterday's closing price of *9* 4 c. July closed at 49 7 ic as against 49"« c to 60c Whllo there was a strong tone to the opening In oats, an advance at the present time was evidently not in favor with the heavy bull Interests. Re ceipts were 211 cars and shipments hence 487.n00 bushels. Estimate of to-morrow*! receipts was cars. May oats closed at 16c ■ loss of V~o on yes terday's closing price. July closed at 42c, as acuinst <:>■«,<• to i 3.. The market for the hog products was fjulet, and after a slightly firmer opening there was some sell ing by til-- buyers of the day before Local hog receipt! were. 19.000 head. Estimate of to-morrow's local receipt ■ of lings was 15.000 head. May pork closed at JISCH-- mi advance of 2\ic on yesterday's closing price. May lard nt the «- 1 ,-.«•> was SS67W as against JBB7 to JsTo. May ribs closed at $8 GO. a decline of 2>jc. LONDON WOOL MARKET. London. May 3. — The offerings at th« wool auction tolni to-day amount*'! t> I."..KV"> r>a>*. Bidding was Ml •!• •. ajrl all Mctiona bought freely. Vine grades were firm «nd lower qualities were occasionally steadier. New South Wales gre&stes wore In demand for Germany, and superior (" ouro-1* were taken by home buyers. Americans bought Tn.Mna.nlun fine greasles at Is 21. New Zealand greasy first hajfbreds st II 4 l »d i»nl first quarterbreds at Is 3d. They also bought several Kits of g"<-»l greasy lambs. Following a:« th« sales In detail: New South Wales, I.MW bales; ecnured. Is Id4T2s '.-.I; greasy. 74dg Is Bd. Queensland. TOO bales; Scoured. Is <Vlfji» lid; greasy. 7d©la l<t. Victoria. SIX) bales, greasy, ftigis BH4- South Australia. 100 bales; (creasy, T'i'aliM. West Australia. 200 bales: greasy, Mftls Iv Tasmania. 20*) bales; greasy, M#la 2d. New Zealand. 7.2^0 bales; Bcoured. Is 2<ifi2s; greasy. •■.!■.!'.? M Cape of Good Hope and Natal, "<V> bales; Kreasy. 7011 Hd. Punta. Arenas, 3.800 bales, grassy, 7**dsfls Ud. River Plate, 800 bales; gre«*y. Shit? Is l'J<s. OTHER MARKETS-BY TELEGRAPH. Chicago. May S.—rATTLß— Receipts, about 1.000 head; market firm; common to prim* steers, $4'3s»> «<>: cows. $3 2^l?s.-.; htlfers. $3J?JS M. bullH. *3 4Ofis4 <■*<. calves. |2 7.-.-.|J". 73; Btocke:« and feeders. $3#*u 30. HOGS— Re elpts, about lO.tr.m .'-.I i market strung to Be higher: choice top prime, heavy, $Gs;!V<Js<' ."•."•. medium to kockl. heavy, ,«iM7^'QSn .",(»: butchers'. $6 :.< >«$« S3 pood to jirlme. mixed $■::*••:•<; !>- l i ; packers $« 2it#(A 47 H; ; r'K''. IBSOOSdOO; bulk of a*\v*. ... .mi, it; :,:, SHKF:i"— Re ceipts, about 8.000 h«-nd; market Orm; sheep. 14 2001*13; yuorllnc» v ■ LTifi ' i : lanibK. f850C58.70. Cinc'nnatl. .May B.— HOGS ea> . butchers' and shippers'. |SO3HO|S67H; cnmu»?n. .<f. M !*f. 4."' CATTLE steady; fall to '■•■■'■ shippers, $4 7.*>fj?r« 75; mmon, 12 Sonf3 IV BHEEP steady at $S7&Bfi4o. LAMBS steady at |5O $7 15. E»Mt Buffalo. Ma; 8— CATTI^E Reef lpts. r* head; market firm, with fair demur*] ; prime steers, .-:. f:..-i.«.; VI&AL6 -Receipts 2, G00 head; market active and 23c higher at j:»' ( i*T •£ IK)GS— Receipt! H.."kii> h»»d; market active and steady; heavy, (6 7061889; mixed and Yorkers, $•'■ •■"• with a few nt $890; rous+ie, 16 73©»8. SHEE1 1 AND 1. V.MBE Receipts. 8.000 hend; market active sheep steady; lninbn 20c htrher nt $5 COS?* 10. Union Stock Yards, Pltuburx, May OATTIJS Supply lisbt; market steady; choice. I' SOtt^il; prime. J." .'.< ■■)<s:■ 7.V BHETEP Supply Heht; mnrket steady; prime wethers. JJSSfJO; culls nnd common. .fL' .'.iciiM; lambs, *.%li*7«t); veal calves, S&Xi i<i 23. HOGS— IWelpts light; market lower; prime heavl«s. $ti ".">; other grades, JO 80; roughs. 16 MQSA 80. Kansas City, May 3— CATTlJ!— ReceJrt*. 80S head. Including 10<» Southern: market steady to weak. choice export end dressed hoef «teer». rn>rf?s." ,vi ; fair to . <i. $4 7Ti!o«slWi. Western fed steers, *4 2SJTSS >'<>■ mockers nut feeders. $3 s<*-a*-"% X>: Southern steers. *-f£s3 60; Southern enws. ' $SC$4 CO.- nstive cows, $2ft»fi?4 75; native heifers, J3KO4TSS 3.V bull*, S3 25«f4e.V calves. $3 25053 .'.O. I{O<JS — Receipts. S,(XK) he^d; market 5c hicher; top. $fi42 l i; bulk of sales. $8 £tfgsß 40; heavy. $« 3flJsfl 32H: packers. *0 30S$ft ♦>»: lleht, $« »>«?« 424: rl*». M 60^ ft 00. SHEEP— Receipts. I.rVX) head: market st.-on«; muttons. $7 li>S<B fO; ewes and yearlings. S3 40094 73; Western fed yearllnES. ?ft'i',s?T Western fed shetp, $3 1".350 CO; stackers and itticrt, S4CSO. THE MABKETS. TOTAL DOMESTIC RECEIPTS. New. v r\. Hay &," 1907. Flour. bb!s 2.o3i;Lbx<J. k«gs 1.250 Flour, sacks 27. "44 Tallow, r.kgs 37 Commeal. bbls Buttar. pkfja S.T^«s Corantaal, bass '.aU'Chnw, pksrs 2 .•■* Wheat, boat) 45.<>"«> ', Egirs, cases 14 51H Corn, bush 1*3.075 l rrsscd poultry, pkgs. 1""* oat... tuFh 133.000 LJve poultry, crates.. 14-1 Harli-y, bush 8,400 Arples. bbln 1.125 Malt, hush SO.ooo j Potatoes, bbls IS.s<i>> Kic*. bbls U>,:> Onions, sacks 475 nice, puts gSOißosta. bbls i.ene Hay, tons • 770 SpirUs turp. bl>'.a .... 1.573 Straw. tor.» 'Jl'i Tar. bbls 150 Uillferd, tons 238 Moiasas*. bbls li"> 'Irass seed, bigs »;2U Oilm«al. bags lO> Hops, bales l.Vi Teanut?. bags .... :.U'-» Beef, hhls 2f> , Tobacco, hb'ls 375 Beef. tea " ToMu'co. tierces 50 i;o«-f (tanced), cases. K77;Tobaceo. pkfji CW Pork, bbls 215 Whiskey bbls ... - Wj Humy. I>W«s 7? Cotton. bAles <! WO Bacon, pkss 573!L«ad. pies 6.350 Cut meals, pkfrs ~i-:> Hiif«. bd'.s MO LarJ. tierces •-.'* EXPORTS. Wfeeat. boat) 7.910 Refined pel. j?als. . .2.73* 552 Corn, bash 171.806, Gasolene, gals 15.000 Besaa, bush 30 Oottonse oil. a;al«. aa.4ie I- .r. vi ? r ;•;- Lubricating ol!. gala MS. 820 Flour, racks 15 3<^ Perk, bbls 242 Cornme&l, bbls 1.273 B»ef. tMs sis Feed, :■■ 3.lloo 'Kerf tcs '■•'- Bran, m 20,040 B&eon, tl 170.O& Urns.3 eeeil. bags... 170 Hams, tt. I«.fCO Hay. bales 1.752 L*r<s. It! 154.W0 Whiskey, pals »62n; Tallow, rt> W.oi«> Oilcake Tb 376.42r. Grease. It 84. C00 Fplrits turp. can 7 xv Butter. » 23.500 Roala »•■ .Is. . . 653 Cheese. Tt> 7.740 Tax. bt'.s 27; V CASH QUOTATIONS. Ir<-n. Nor. No 1 f1y. 523 75 [Cotton, tni<Ml!n;r 1L55 Iron. 80. No 2 sort.. 24 .V» ! C^fTee. No 7 Rio »4 Pteel rails 2$ «V> ' Molassea, ok prims 43 Tin 42 2% : Sußar. rranulated 4 •"• Lake orpper Ingots. 25 2S Reef, family $14 25 t.\ haasja 1ead....*.. «M Beef hasna ■©• Sp»lt<r tOt ; Tr.llow. prims ■ Wheat, X 2 red. . WH, v ■■'■-.. men . 17 67' i Corn. No 2 mlx M... .',«»» H^s. dresaed, 160 Tb. »'•« Oats. 26 to 32 tb ... -57 s -;' Lard, prime EW Flo-jr, '■';•■-. patents 4 M | GENERAL MARKET REPORT. New York. May 8. ir>o7. COFFEE — The coft>o market was not active to-day, but prims showed a steadier ton« and there seeme.i 10 b» a little mor» smeral Interest in th 9 market, which closed firm at a ret advance of Bto 10 tots). Sales f?r the '.ay we.r* reported of 23.."i«) bags. The market opened .•tpo'-ly at a decline ol 5 points on Oct&fcer under a little scattering selling, but generally uncr.arijed to 9 points higher In response to steady French cables. Prices hell argued th» o^enln? f. gurt» durl.l3 tho n:; 1 11* ses sion, but Improved In tha lat« tra«3;r.g. when buying was a little more active and offerings continued Usjbt. Th«-r« Is a rumor ilroulating that there Is still a short Interest in th* May cptOn. ■ ..Is eetimate-i between 100.000 and 123.UK) bags. Bona arsrue that If such an interest exists thore ■ 111 b» a sharp advance vet re the final maturity of the cptior.. tut then haa teen nothing In. re:ent trading to bMllcata that thero is any speculative short Interest in the s;>ot month. Bulls are pointing out that, while the receipts from the current crop of Brazilian have been S. 17i>.>»X> bans larger than last year. tUe world's visible supply has Increased only H.«il7.'JTO bags over what it was at this time last season. This shows a discrepancy of about 3.«hiO.U(iO bass, which Is cue In a small part to smaller re flpta of mild coffee, but which must be eonaMerabt] charged to an Increased taking for con sumption, beyond that shown by the oC'cial records of deliveries In this country ami Europe. Primary markets were unchanged and receipts' a little lighter at two ports, but up to the recent average at interior Santos points. The market for spot coTTee was quiet, with quotations on the basis of 6 l ic for Hlo No 7. The range of contract prices In the local market to-day was as follows: Tester- Opening. High. Iy^w. Close. day. May 350 6.05 5.50 8.5ft'53.«0 6.43 June _____ 6.4<y35.45 5.30 July — — — 6.4(Kg5.45 6-3l> August — — — 3.35183.40 528 September 530 5.33 830 0.33<t3.40 525 October 525 5.30 5.25 5.33ti0.40 23 November — — — 5.55Q5.40 25 I>»cemher .535 5.35 5.35 5 8*55.40 6.25 January — — — 8.25tJ5.40 5.23 February — — — 6.3555.40 6.23 March 6.30 40 8.30 6.4<>55.«8 SSo April — — — 5 41*5345 30 COTTON — The cotton market v.-as rendered very nervous and unsettled to-day by the talk of legal pro ceedings against the Exchange ami the classification committee; and smaller operators showed an Inclina tion to even up their commitments In the old crop months and await developments. The close was easy on the oil crop and steady on the new. with prices unchanged to 13 points lower. July showing the big gest loss Sales for the day were estimated at 250.000 bales. The opening was steady at an advance of 9 points to a decline of 1 point on the strength of the near positions In Liverpool, while the later positions were influenced by the somewhat more favorable weather map. Nearby shorn were evidently very ner vous on tl*e call and July went up to 1" 41. or 8 points . net higher, but some of the big traders were very heavy sellers at the advance. This was reassuring to shorts, and the market soon began to work lower under scattering liquidation, part of which was at tributed to the bull pool Itself. The less favorable forecast for to-day and the bullish Into sight figures for the week checked the downward movement and steadied the new crop months during the afternoon, but the old crop closed at practically the lowest point Of the day. VHsrtJßSlon during the cliv centred al most exclusively around the legal proceedings started by the bull leader, ami because they originated with htm they were naturally regarded as a bull card, while the fact that the temporary Injunction secured was modified so as not to take eff"«-t until the matter cam* up for argument next Monday was considered favor able to the short side rending the decision of the courts an erratic and Irregular market Is looked for. although ..... proceedings have, of course, caused no change li the legitimate situation. Superintendent King's weekly movement figures follow: Tort re ceipts, 7. 1 sj'i bales. Against :>?. :>•<: last year; overland to mill* Hr..l Canada. 11.236 bales, against 15.160 last year: Southern mill takings, estimated. :i« •><»». against 53 000 last year; loss of stock at interior towns. 34.893 bales against 25.91% last year, brought into sight for th» week p.", lefl bales, against IT*.23>> last year. Total crop movement Port receipt*. ».*»>• *42 bales, against 7 22' 394 last rear: overland to mlllj an.l Canad ». 1 O'.il 33S bales, against 863.520 last year; Southern mill taklofs. 1.0T5.00*, against 1.7«o.000 las; year; stook at Interior towns In excess of September 1. 257. 704 against 212.000 last year; brought Into sight thus far for season. 12.rtiH.«7(> bales, against 1rt.nf12.03 4 last ■.»i\r brought Into sight during the month of Apr.l. 335.274 bales, against 546, TM last year. Th« total crop movement li for 243 days this season, against 24S days last season. The rar.B» cf contract In the local market yesteiday was as follows: Tester- Opening. HUh. liOW. Close. day. Slav 1032 10.33 l"li 10.12310 14 10 24 June '.'.".'... '.'..A05i l'\:W 10l2» 10.18f10.20 i«>s; i uiv T>3s 1041 10.20 lrt.2ik©lo 2l 10.33 August ... 10 25 10.25 10 »H 10. Hl© W.I I 10.20 Heptember .. 10.H li» 15 lOOT 10.0»fJtO 10 10.12 October KV3I torn 1" 27 10.3t flirt 32 1" 33 November 10.33 less I<V!53 i».«se)io.sa 10.54 D^eraber .. . 10.39 1" 43 10.3* 1O.87»1O.S8 1" 37 January ... 10.54 10.'.a 1».4S io.sSfio.S4 I<| .--3 F^br-uary ... ioio9#i«.ea 10.5* March . '.'.'. . l" •«< 10.70 IO.« 10.«5«.H>.67 l».«i The local market for spot cotton was steady, with prices uncharged at 11 Me for middling upland and II >*>«• for middling Gulf. Sales for consumption. 3SS bal-'s. delivered on contract. 2.!'*> bales. Southern *]>->: markets were to'.egiaphe.i as follows. Oalveston steady, unchanged at 1!",,- sales ."'»> hales; Pav«nn«h steady, *»■■ r»i«h»r at 11 So.; sales. 325 bal*s: Charleston steady, unchanged at lie; Norfolk Prm. v *o higher at 12'» c; sales. -."WO hales; Aiißiuta steady, unchanged at II »c; sales. 463 bales; Little. Rock etaady, unchanged at 10 1.1-lrtc; Mobile Srm, unchanged at 1" : »<-: sales. 50 hales; St. l^ouis steady. He higher at 11 He sales. 77 bales; New Orleans steady, unchanged at llHe; sales. 1.075 bales: Wilmington steady, unchanged m lie; Memphis steady, unchanged st 11 '■»'-. sales, l.Si» bales; Houston quiet, unchanged at ll »i-. Estimated receipts at leading points for Sat urday: At Houston. 1.100 to I.SOg bale*, against I.44<'> last week anJ 1.435 last year: at i"ial\-»«ton. .<"•>»» la 4 mxi n gainst 2.525 last week and S,tif>s last year, and at Ne* Orleans. 1.200 to l.*»> bales, against 1.6*2 last wek an.l 2.33t> last year. Cotton Exchange special Uvernool cables: Spot cotton in moderate demand; sales. 7.' l '»'» bales; speculation and export. 50D bales. American. 6.000 bales; receipts. 0 <«*> I*'.-*. American, S.<XX) bales; middling upland. 6.63 d: futures opened quiet, unchanje.l on near and partly 1 point lower on far months, close! barely steady, at un changed price*, to an advance of 4S points on old and a decline •■' •-'81 '* points on new crop opttrns: May. 14-1 May-June. Cl3Hd: June-July. a.OSHd; July-Aug ust SWUjd; August -September. S.SSHd; September-Oc tober. 5.7« l *d; October-November. 5 7.id; November-De cember. B.Tld; Pecember-January. 370 d; January-Febru ary. Hd: F bruary-March. « 7<>>l March-April. K.TIHd. Manchester— Yams hardenins: cloths firm. KXjOVR AND VEAL- The market for flour was firmly heM. but quiet. Sales were confined to small, ■■,-.'.•-«■; laneous lota to keep up assortments. No change in prices. Rye floor was considerably more active, with prices firm and unchanged. The following are rr I ••« quoted on the New York rrndt.ee Exchsnee: Spring patents |4 33<£*313; winter straights JUiSK'"'. winter patents (3 630*4; spring clears. $3 40053 75: extra No 1 v\lr.t«r <i(\r,f. : extra No 2 winter, 2 S->W$2 »rt. RYE Fiorß firm: quoted: Fair to good. $.1 «Wg*3 *> choice to fancy 13 -.".TS4 15 CORSMBAI* stead; quoted: Kin dried |2SB€*2 8B n» to biaiul. BAOMEAIi staadv; quoted: Fine vrhlte and yellow. $1 20; eoaraa $1 I^SJI 12 FKEn—- 'Western quiet;' city steady: quoted: Western sprlnjr. |22W); standard middling, $2:? 10; f!--ur .I^. *24"": red iioc S2ts. all prompt shipment: city bran. $22 .ii> bulk. $24 503 52.1 sooks: middling J23 R'V3s^r. r.O; red (log. $2r,; hominy chop. $22 bulk. $23 10 SB '..-. ■ ■'■'■■■ ie-:. $29. Comparative cotton statement for the week and Fri day. May 8, I9&T: Bales. Net •■-irts at ail United States ports (luring week I .... 72. ''.05 Net receipts at all United States ports same week last > far R4 X'A l'otal receipts since September 1 0.41W374 T.-.tal receipts '■■> same date last year 7.11V..1K." nirort3 rcr tha week 1>4.r>51 Kxpi^it.i ' - same week last year 10T.8SS Total exports sin ■■-■ September 1 7,706.470 Total export* same date last year S,SSft,MS Stock at all United States porta 5fi3.724 Stock at all United States porta same time last year *?2.fif>2 Stock at nil Interior towns ."7:>.oT.ft Stock at all Interior towns same tim? last year.. 339 906 Stork at Liverpool same tlma last year 977 000 Sto?>k o.' American ufloat for Great UriU'n same time .■*»* year .... 15.4 000 The foUowing are the total net receipts of cotton at an port! since September 1: Rales. ' Bales. Oalveston S.73i».2>iO'San Frat>, •; .. 7« 't> a New Orleans 2. 17*. 701 1 Brunswick 152.019 Mobile 245,353 ! Port Townsend 1 26. oil Parar.nah ■ 1.4113.54.S Pen»aiola 140° Chnrlcston 148 ■.■-I-I Portland. ... "41)0 Wilmington Sl4.eaa Port Arthur and Norfolk 6.15.311' MiMr.e Pass . 132*23 Battlmorn 5A.383 1 Jacksonville r ■■> • New York 2!>.S7l»;iJ»redo : «>4 TJoston «t».»>7! Minor ports 14 W.I Newport News .... 34.712' • . Philadelphia 7.4.V. Total .8 403,374 ORAJN WHEAT— weather conditions :• mainM unscasonabla all through the West, the wheat situation chanted a little to-<tay by reason of the fact that burin;? power was less aggressive and the long in terest inclined to market some or Its whaat. There was an opening advance that held for a short time, but most of the day the market wan under pressure, especially in the afternoon, when "The Modern Miller" report was Is sued, taking rather a bearish stand on the wheat situa tion. It was also said In private dispatches that th» snow in Kansas on Thursday r.ieht -would prove beneficial rather than otherwise. as the state nee.la moisture. Htcher temperatures were also predicted for Saturday. "With this exception, however. th» Western news remalnel bullish indtiatlnc a spread of bugs in Kansas anl a very back ward season la tho Northwest. Temperatures throughout spring wheat states were below '.--■■" -- »- v no Imme diate relief in prospect. The Ohio state report ernSrmedl recent bullish private news from that state by maklr.g a. c-3-iitlcn of 74. against 87 last week and 103 last year. Foreign markets were more irregular, Liverpool and Paris clcslng without change from th» preirltus nifht. while Berlin was *j lo 24 marks higher and Budapest ■ points higher Brcomhail. besides rvporting Argentine shipments at 5.430.000 bush, or I.COO.mw less than tna previous week, said that wheat In Hungary was thin, short and weak, owlnr to adverse weather conditions. The Interior receipts -re rather heavy, •specially at Northwfs: i<>ints. a-« compared with last year, but tha big seaboard c!e«rene^s of flour bad some weight aa aa ©..set. On t!ie late curb wheat was quoted Ho higtier. No export bualntiS was reported, the cash marker elojias as tollows: No 2 rf<J. -••V'- elevator and W>Sc fob afloat: No 1 Northern Duluth. n^So. and No 2 hard win ter. 92*se fob afi^ar. oi'e:iinar nivigatton. CORN — T&« corn rrarket feCowsjd W&eat in opening a tri3» higher than the previous clgrt. and later advanced still more en July and September as a result of unfavorable weather no'vs au.l covering of shorts. The afternoon mar-.- de— \eiop»d weakness, however, ureter selling by elevator hiiises «■ Cbjc^co, in<l close li :: ■■: far from the Mweat point o* the lay. T'.-.e Liverpool market was -quoted at °f»O$&<l lowar, and Ar««nt:ne shipments airgre;ated Sl7.ooi'J buH], against 2'~M •«•• hush :ast week. Tnere was an ex port tusinoss cf 2TI loads. No 2 corn In tha local market was quoted at &'>" e'evator and JW-.e fob afloat. No 3 white, 696, anl Xo 2 yellow. 5H%e fob anoat. OAT3 — Seliine up early o 47c or 'ir abo^-e the close. May eats in CMcaga na<l a perper.i:cu!ar drop to 44He tinder l-.qal da:ton. closing unsettled at 45v. Later positions advanced StH; in ths early trading on bullish crop news, but de clined sharply with oth»r grains around midday, followed: by a partial recovery In the aJtsrTiOon. Tfc» cash market closed as follows: JJix^. 2it tr> S2 Ti>. 47-»^4-?c. natural white. .",<► to 33 rh. 4-S '-it! 4o '-;<-. and clipped white, m to es rh. 50334 l ;:. AMieat. Including; flour, exports far th* week, according to "Brads'treefa."' agsre^ato 2.234.753 bush asra^r.s: 2.330,242 last wrt ar.d 5.104.«4S last year; s:n.-e Juiy 1 wheat exports were .-..,-- aeiln? 115 *W.* : »»f» for me sam» tiir.e last season. Corn exports for the n»?k wer* 1.A17.589 bush, against X. lll 1.041 last week and 1.«35."15 last year: sinoe July 1 corn export* were 61.427.957 bash, against 103*37.33,*. ".as: year. NET YORK PRICES. '. -"■ — Wheat: Orer.ing. H!«rh. T^^w C!-*!*. day: May |H M*l »2 »2 :S julY »2)9-l« !•-■ 15-16 »I 13-13 92*% 82*» Eavtaaaaac «J 03 ** -i t-2H 8213-18 Com: jjav ... — — * — *> SO July - - — 6R 6-»'S September — — — 8* ft* 1 * ; METALS — TIN — Tr.e I. t.: -r. tin marHet had a sever* break, according to to-iiay's cabl«». prices being about £3 lower, at £102 for spot ar.d £188 for futures. Locally th» market was ea» • In sympathy, with spot quoted at 42.15 ©42.4) c COPPER was 10s Higher In London, with spot quoted at £10T> 15s ar.l futures a: £104 ss. Locally thai market was steady, with spot laics «juote<l at 25€f53.50c. electrclyjlc st -* -i 7 -iJ-t and casting at 23#23.50c. LEAD was unchanged, at 6ff6 <VSo. in the local market an.l at fl» 17? Cd in London. SPELTER «• unchanged, at OS in :, >n and at g3O#Ceoc In New Til*. IBK>^ was higher in the English market, with standard foundry quoted at st>j 31 and Cleveland warrants' at Wka ea. Locally the market was unchanged, with No 3 foundry Northern quote*! at 124 75 5 $25 7". The mark«t for cf iron certificates at the Produce Exchange was steady anil unchanged. No sales. Standard foundry grades ara quote*] as follows: Cash. 923 BO bid; May and June. (23 20 bid; Juiv and Auaust. -.. 50. and September. $21. both, bid. MOLASSES AM SYRUPS — The general market was firm. Quotations follow: New Orleans, centrif ugal. co-nmoa, 16<J^fV: fair. 21JT23C; good. 27-i?2t)c: prl-re. 30-533e; New Orleans, open kettle, S7#44e: syiupa. common. 13a14c: fair. 13317 c; good. 15®20c: prime. 2<>S23e; fancy. 24S2Sc. Oir.s — Cottonseed oil was firm and higher again yesterday on th* bullish statistical situation, good European Inquiry and covering of shorts. Sales, 100 Mar. 4SVic; 3.200 July, 4S«4*Hc: I 0" September. 4s-.,c, 500 October. 42^'S43\c. and 400 November. 40g42 : 4c. Linseed oil was unchanged. Refined p« troleum was firm at recent prices. We quote: PETRO LEUM, standard white, bMs. «20c. bulk. 4.750: Philadelphia. 9.15 c: bulk. 4."<»e: refined case*. New Ycrk. 10«5c: Philadelphia. 10.80 c: water whit-. New York. bb!s. 10.20 c; bulk. *73c; Ptlla<J-l phta. 10.15 c; bulk. «.7Cc; water white, case*. New York 18 «oc: Philadelphia. 13. »V;. COTTONSEED OIL — Prime crude, fob mills. SSi,c: prime) summer yellow, spot. 4SHe: May. 4<4«4«»»c: July. 4"** «4h*»c: September. 4S»i©4%i»e: October. 4S-*»44<>: November. 40V4®41c: and December. 3^>-i©4oc: oft summer yellow. May. 44HV43>ic: good oft summer yellow. 44H8*'5''- prime white. Me prim* winter yel low, 54Hc. LINSEED OIL — American seed, city raw. 42945 c: out-of-town raw, 41342 c; Caloutta raw. T6e. LARD OIL. 74 576 c. RICE — The market for rice was firm her* aa well as at Southern markets, with demand good at all distributing points. Quotation* follow: Domestic, screenings, i! H i; :: * '■«■":« ■" : second heads. 3is4)4c: cholc* heads. 4»;fJse: fancy heads. 5 ! -i©s»i,c: extra fane.** heads. »".g«'»c. Japan, domestic. 3 k S'i»»c; Pain a, 5' t ,"*,-. .lava. 4T»;3s'»c-.4 T » ; 3s'»c-. Rangi>on in bond, Cv» ©2Hc PROVISIONS— A slight opening adrane* In th» PKrrt- Sons list was followed by declines of about i point*. after which, the market rallied and closed steady. Trad* in pork was unusually light. There was a fair cash de mand for meats and lard, and som* outside buying, whtl* tnoet of the selling pressure »as In sympathy with thai heaviness in grain. Chicago receipts. 10.C0O hog*; esti mated for Saturday. I2.i»»» hogs. Kansas City. 9.(00; Omaha, (<****. and the West 61,000. PORK steady: quoted: Mess. $17 25<g$lS: family. $1»:4>S»19: short clear. 117Q11530. BEEF firm; quoted: Mess, 1980091*; family. Sl4'i/sl4 .v>. packet. $1O5O^J11: extra India me**. $21«r*22. BEEF HAMS firm: quoted: S24OS2*. DRESSED HOGS stmdj ; quoted: Bacons. BSc: I«K> R>. 8»c:8 »c: leo Tb. »Vi, c: 14<> r&. »He; pl?s. »S>rJOHc. CUT MEATS— Pickled bellies rrm; quoted: Smoking. 114912 c; 1O li. lie; 13 Tb. 10\c; 14 rb. 10he. Pickled hams, quiet; quoted: HVtn2 l *e. TALLOW steady; city. «c; country. ftHg^^c. LAP.Ii steady; quoted: Middle Western prime. S.SS& B IVV'. City lard steady; quoted: ft^c. Reflnad lard quiet; quoted: South America. 10c; Continent. e.33a; Pr»ill ke*s. lie. Compound firm; quoted: SViJJSHc. STEARINS stead: . quoted: oleo. SHfISHc; elty lard! stearine, »4f|loc. SfGAß— Refined sugar was firm but quiet. Tha fol lowing are list prices, subject to a. rebate of 10 points and a discount of 1 per cent for cash, seven days: Crystal dominoes. 7.05 c: Eagle tablets. Tc: cut loaf and crushed. S.9oe; mould A. 5,15 c: cubes. Eagle. 5-rh bags, powdered and Eagle confectioners* granu lated. &.03e: XXXX powdered. 4P5c; powdered, coarse powdered and fruit powdered and Eagle eoars* and extra tin* granulated. 4.90 c; Eagle 2 Th carton* el fine granulated. 5 10c; 3i,-R> bags. 305e: 5-Ih bag* do. se: I^-Ib bags do. 4 95c: 25 and SO n> bag* Jo. 4 S3e: Eagle fln« or standard granulated and diamond A. 4>o c; confectioners* A and No 1. 4*"-: Nos 2 and 3. 4VV: No 4 4 3Oc: No 3. 4 4.V N" «. 4 40c; No 7. «.33e; V,-, p. 4 .-".■: No f>. 4.;.-.- No 10. 4.19*; No 11. 4.10 c; No 12. 4 ••.-•- No 13. 4-. No» 14. 15 and 1C iMe The market closed firm for raws, with duty paid prices as follows: Centrifugal. m test. 3.78Hc: muscovado. - • •• ■«■ 3.2* 1 -;''. and molasses sugar. S3 test. 3.0136 tales were l!».floo bags Porto Rico cen trifugal, vessel to deliver at refinery, at 3.78»ic. basis PS test, an df>irt:i»v sales, second half May. at 3 13-S2c. basis. 03 test, and It Is generally understood that a considerable amount of Cuba sugars has been *ol<l la a private way at '.' 15-32 c. basts X. test, and also at :."•-.-. basis ftrt test, cost and freight, second half Stay. and at - 7-lP.i-. t»5 test, cost anil freight, all May. Total sales estimated at 200.000 to SOO.OOO bags Wlllett & Gray: "'Total stock of Europe and America, 5.530.9GS tons, against 3.705.773 tons last year, at the urn* uneven dates II a decrease, of stock Is 2«1.»53 tons. against a decrease of 243.031 tons last week. Total stooks and a ' ata together show a vislMe supply of Si: _'•!!«.< tons, against 5.908.?7fl tons last year, or a, -lse of 2*1. 7»» • >ns ' LIVESTOCK MARKET. New Tork. May 3. IWT. BEEVES — Rer»[pts were 142 cars, or 2.405 h»t.;. Including ."S curs for export alive. 70 far slaughetr*r» direct, and ] 1 for the market making , with th* c.ittle '>;.'. over yestenJar. 17 ears on sal». Demand was slack and trad-? slow, but with light receipt* se;'«rs ivere Msabtod M hald tkia market up to !a»t Wednesday* figures, and the yards were cleared. Fair to choice native steers sold at M 9395303 per 103 n>: bulls at |4:'<ißs4;o. cows at $2 233*4 23. bresaad beef in rather llsht demand and prices weak. Liver pool and London cables quoted live cattle firm at Il'iffl2'»c per n>. dressed we!«cht: refrigerator beef a fraction higher, at t»c per D. No shipments of livestock or dressed meats from this port to-dar. To-morrow the attsriMansa will take out 4*o cattle and 2.200 quarters of beef for Schwamehlld A 8ul« berger. and 480 rattle far J. Shamtmrg A Son: tha Celtic. 1.400 quarters of beef for Pchwars—hlld la Si:!iherger: the Lucanla. 1.539 quarters of beef f>r the «-udaliy Packing Company: making, with pre vious shipments, a total from this port of 1.871 cattle. 23 sheep and 11.030 quarters of beef, all to port* of Great Britain, vrlth the exception of 61 cattle and, 2S sheep. Sales— Newton &Co: » Pennsylvania steers. 132S n> average, at fO per 109 IS. 1 do. 1.200 tt>. at •873: 21 do. 1300 rb. at *.1 70; 11 do. l 20» n>. at $3 60: 14 do. 111.1 rb. at 95 50: A do. 1133 Tb. at $5 40: 11 Jo. 1082 rb. at 15 10; 1 bull. 1600 Ib. at *4 60; 1 do. 12-J9 rb. at 94 SO: 4 cows. 1030 It. at 13 S3: ft do. 523 O. at »L* 35. Kerns Commission Company: 18 li:!noi* steers. 137T n>. at $6 03: 18 co, MM rh at l«05; 14 stable fe4 Pennsylvania do. 11*2 To. at 15 75; 1 cow. 770 R>. at 50: « do. S«J rb. M $2 S"» B Uaiuis a « Pennsvlvanta steers. 1241 O. at $8 73: 1 do. 9.V> r... at S4 95; 2 bull*. 1185 B>, at 14 23; 2 do. lOCft Tb. at »4 2'">. 4 cows. 1155 Ib. at S4 23: 3 do. 1170 tb. at $4 13; 14 do. 1011 Ib. at $4 03; a do. 1133 tb. at 75: 3 do. 870 Tb. at |3; 8 do, MS B>. at |380: 13 do. m ib. at se.rv ToMs .* Shannon: 5 bulls. 1000 li. at $4 20; 1 do. 1008) rb. at S3 $5; 13 cows. »73 Tb. at $3 50; 2 do. 713 O. at *2 3rt. M<-Ph.r.«-.n * Co: l.a Ohio steers. ISS2 !b. at $S «Oj 1* do. 13«U n>. at S5 83: IS do. 13«1 Tb. at $5 80: 2 bulls. 1375 lb. at $4 70; IS cows. 1392 !t>. at $4 03; 1 do. HO Ib. at $3 £3; B so. 1003 rb. at «3 80: 1* dOk 101* Th. at $:; OB 5 do. VO» IT), at J3 10: 3 do. 9V> tb. at $3. 2 do. hSO rb. at $2 75: 6 do. 75.-i rb at 30: 4 do. 775 rh. at $2 25. •CALVES — Receipt* were 5C5 head, all far th« market. Tra.lo was quite brisk and prices nrrn to a fraction hlsrher. The pens were cleared early. iViranna to prim* veals sold at $3Trs7 S3 per 1(» rt>. City dressed veal* ta fairly goas demand at S^llHc per Ti>. watt lie th« ajen ejal top price for ei>od lots; country dressed steady as OtiOc. ■ Sale*— B .-a.--.rter* 1 veal. 130 rb. «7 23 per 100 Ib: 57 do. 132 la. at $7i2-t. COT da 129 R>. at $7: 24 <la. 101 rb. at S5.- S JmM £. Co.: 48 veals. 12» I», at $7. 64 <!<». 113 n>. at $0K!>: 4H do.* 110 r*\ at $H23; 8 do. 117 ft. at $A SHEEP AND LAMB*— Receipts wan 13 cars, or 8.136 head. Including 10 cars for slaughterers and 3 for th* market. Sheep wore in very lltr.itel supply and prices firm: lambs Be higher; siring lambs dull. The pens were cleare.l. Medium to gr*-..l clipped sheep sold st $3© .-, .".("» per K»> Ib: fair to good clipped lambs at :->~>V $7 80; „ bunch of medium unshorn do at .** 25: dr**9i?d mutton prm at ugll'ac per !b: pressed lamb» at 12 1 ;'!> 14 l ac; country- •sad spring lambs steady at $3J$<S JO per carcass; city liressci at , :*7 Sales — Kerns Commission Co: 231 clirped Buffalo lambs 74 IB average, at $7 ;•<» per ISO Ib; 224 do. <» tb. ai S7 50: 40 unshcrn *>. 67 rt>. at was. 1-1 clipped Buffalo sheep. 6-1 n>. II $5 "•' ?. Ju.ld * Co: 172 .•■lpped Ohla lambs. 68 T>. at $7 95: 3 clipped Ohio sheep. 77 Ib. a? 85, HOt }S— Receipts wer* hi cars, or \.f.Z3 head, all for city slaughterers *icept 11 head Feeilns weak. Pr!m» light New York State hvzs so!J at $7 2O per 100 IS. Country ilrettsed hogs slow an.l unchanged. Bales S. Zanders: 10 state bess; l-^ la avaraga, at <7 20 par 100 Ib; 2 roughs. 3t>3 Ib. at *6 20. EUROPEAN PRODUCE MARKET. Liverpool May S.— Closing: WHEAT— Spot steady; No. 2 red Western winter. «I* 2\d: No. 1 California. •» 3'-°d: future* steid: : May. «5* 7»»d: July. Cs 6»»d: Septan-. t*r Us 7*». CORN — Spot firm; American mixed, new. 4s 8d- do. old. r» I^d: futures steady; July. 4a IVi September. 4s *",-'.. PCAS — Can 4 ian. steady, 6a W. FLOl.'R— St. Louis fancy winter Kea.lv. 24» Sd.HOrS — At London (Pa-,n.' Coast) quiet. f2 l«sjf£3 sa. BE£F - Extra India mess firm. S7« Cd. PORK— mass Western quiet. "<;» «d. HAMS — Short cut. 14 to Ift tb. firm. 57a ad. BAi'OK — Cumberland cut. Mto 80 tb. 2rm, ,V>s: short rib. 18 to 24 rb. Srm. 555; lone dear BSktaaaS* l.«ht. 2S to 84 Ib. firm. 32s 6d; do. heavy. 85 to 40 r" firm. Bis 8d; »hort clear backs, 16 to 20 IS. at*a-i- C clear bellies. 14 t» 18 Ib. quiet. 4»*. ?HOUI-OnK5 — Square 11 to 13 lb. quiet. 3»s. LARP — Prime \\>*tera. in tierces, «ju!et. 44s 6d: American refined. In palls, steady. 4Ss .'''l CHEBfE American finest . white quiet. SH *■> cr*-red quiet. HSs. Canadian finest whit* quiet. 425: da colored quiet G4s. * TALLOW — Prime •.-. nocUnaHy 31s. TnU»EXTrX&— ti dell. ?«>i nd ROsTN—Com mon Srm. Us. PETROLEVM— ReCned .julet. «"»4. US SEED Oil*— Flnp,, SB Od. ggj 15