The Minneapolis journal. [volume], April 29, 1905, Page 24, Image 24

About The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
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21
At the Opening Chicago Makes a
New Low Price for May,
at 86y2c.
Minneapolis Holds Firmer and
Prices Not as Low as on the
Former Decline.
Stock Market Declines Affect
Wheat Sentiment Unfavor
ably in Chicago.
Minneapolis Chamber of Commerce. April 29-
It was all off with wheat again today. Yester
day's closing gain was wiped out and prices went
lower again. Chicago Maj, checked on formei
decline, at 86%c, made a new low early at
86%c. selling on first trades at this figure, then
lumping to 80c. Minneapolis May and July did
not go to former low levels, but stopped at
3%c and 9iy2c. Traders who figured that the
decline had been so greatly overdone that a rally
would follow on the last day of the month vsere
disappointed. Nothing could be learned as to
prospective deliveries, but Monday will be May
1, and there were still enough longs who did
not want the stuff delivered to them to make
selling predominate. The stock market was
also very weak and this had sentimental effect iji
Chicago. Trade was not very heavy. Locally
there were 131 cars in against 87. Chicago had
62 andDuluth 2, St. Louis 9,000 bu and Kan
sas City 16,000. A holiday a year ago left no i
comparison for these markets. Winnipeg had
71 cars against 104. Minneapolis elevator stocks
decreased'649,S99 bu for the week, leaving 9,129,-
888 bu in store.
The Commercial West says: "The item of
chief interest this week from winter wheat dis
tricts 14 the report of a threat of Hessian fly in
central Nebraska and the appearance of red rust
in Texas. The latter would perhaps not be of
much importance were it not that Texa has had
more than the desired amount of moisture, which,
experience taught last year, helped the develop
ment of the rust into its last stage of black lust.
This may of may not prove a factor of interest
in. Texas. There is complaint that wheat has
not grown much in Kansas and Nebraska, due
to lack of moisture, but with the rainfalls this
week we anticipate better reports will be forth
coming within ten days On the whole we think
the crop prospect continues favorable."
Primary receipts 282,000 bu against 165,000
clearances wheat and flour 57,000 bu. Australian
wheat shipments this week, 856 000 bu. last
week, 824,000 last year, 1,224,000. Arrivals of
breadstuffs in the United Kingdom the past week
were about 4,400,000 bu against 3,959,000 the pre
vious week and 3,296,000 a year ago
Broomhall cabled: After opening ^unchanged,
declines of %d and %d occurred, factors being
the Modern Miller's estimate of the winter wheat
crop and bearish cables sent by Armour. A rather
weak undertone developed. The estimate of big
American corn shipments the pant week and
lower offerings of Argentine corn caused open
ing declines of %d and further losses of %d.
The weather map shows more moisture at
Swift Current, Q'Appelle, Mlnnedosa, Wlllistnn
Bismarck and Huron light rains at Sioux City.
Omaha, Oklahoma. Fort Worth: good rains in
Illinois, Missouri, Indiana, Ohio. Kentucky and
Tennessee. Temperatures lower in northwest and
southwest.
The forecast says: Illinois Indiana. Missouri,
Kansas. Nebraska, Dakotas, Minnesota, Wlscon
sin, fair tonight and Sunday Michigan, threat
ening rain cooler
May closed at 94%c and July at 92@92%c
THE FLOUR MARKET
NO CHANGE IN PRICESTRADE A LITTLE
BETTER.
The market shows no quotable change. Trade
is somewhat improved, but scarcely in an im
portant degree Buyers still hold off. altho
apparently ready to come in once the wheat
market settles. Shipments 82 267 barrels.
First patents aie quotable at $5@5 10 sec
ond patents. $480@4 90, first clears, $4g4.10
econd clears, $2.75@2 85.
THE CASH TRADE
PRICES SHOW ONLY SLIGHT CHANGESRE-
CEIPTS MODERATE.
FLAXReceipts, 2 cars against 10 last year
shipments, 7 cars. Duluth received 2 cars
.Closing prices: Minneapolis, cash, to arrive and
April $1.39%.
OATSNo 3 white closed at 2T%e Receipts,
2d cars, shipments, 10 cars.
CORNClosing prices for No. 8 yellow, 44%c,
Receipts, 7 cars shipments, 1 car.
FEED AND COAJtSE MEALCoarse cornmeal
and cracked corn, in sacks, sacks e-stra, $16.50
@16.75\ No. 1 ground feed, 2-3 corn and 1-3
oats, 80-lb sacks, sacks extra, $17@17 25, No
2 ground feed oorn and oats, 80-lb sacks,
sacks extra $17.50@lff 75: No 3 ground feed,
8 corn and. 22 S oats, T5-lt sacks, sacks extra,
$18
MILLS'IWFSPrices are Arm on all grades.
Bran in bulk, $12.75 shorts, $12.75 middlings,
$15 75 red dog, $20 all in Minneapolis.
In 200-lb sacks, $1 per ton additional in 100-lb
sacks* $1.50 per ton additional. Shipments, 683
tons.
RYEClosing prices on No. 2, 72%@74%c.
Receipts, 1 car shipments, 1 car
BARLEYFeed grades closed at 37@40c
malting grades. 40@48c. Receipts, 22 cars Ship
xnents, 5T cars.
HAYChoice timothy, $9.50@10 No. 1 tim
othy, J9@9 50 No. 2 timothy, $7.50@8.50
mixed timothy, $6@7 choice upland. $7.50@8:
wheat and oat straw, $3.50@4 50. Receipts, 170
tons.
CASH SALES RESORTED APRIL 29.
*0. 1 nortnern Wheat, 3 cars. $ O"%
.87
No, No. 1 northern wheat, 8 cars.
No. 2 northern wheat, 4 cars
No. 2 northern wheat, 1 car. thin
No. 2 northern wheat, 7 cars
No. 2 northern wheat, 1 car
No. 2 northern wheat, car, elevator.
No. 2 northern wheat, 1 car
No. 2 northern wheat, 1 car.
No. 4 corn, 1 car
m}
No.
.mi
.93% .98% .94^ .92Vi .91%
.95
No 2 northern wheat 3 cars 04
No. 2 northern wheat, part car .93%
No. 3 wheat, 8 cars.., 89
No. 3 wheat, 1 car............. .88%
No. 4 wheat, 1 car...*,... .74
No. 4 wheat, 4 cars.*, .go
No. 4 wheat, 5 cars..,,..... .78
No. 4 wheat, 4 cars .79
No. 4 wheat, car .77
No. 4 wheat, 1 car, elevator .79
No. 4 wheat, a care........... ,81
No. 4 wheat, 8 cars 75
No. 4 wheat, 1 car 7li
No. 4 wheat, 6 cars, .80
Rejected wheat, 4 cars 70
Rejected wheat. 1 cax .64
Rejected wheat, 1 car w.....\ .89%
Re.ected wheat, 2 cars ,75
Rejected wheat, 2 cars .62
Reitcted wheat, part car .j,..,M*s... .62
Rejected wheat, 8 cars 61%
Rejected wheat. 1 car .65
Rejected wheat, 1 car .66
No grade wheat, 1 car 70
No grade wheat, part car 55
No. 3 yellow corn, 2 cars 4414
No. 3 corn, 1 oar .....0...... .44%
No. 4 com, 2 cars "44
No. 8 white oats, 1 car 27*?i
No. 8 oats. 7 cars J28
No. 4 white oats, 1 car, light *27U
No. 4 white oats, part ear, light 27
No. 4 white oats. 1 car 'OR
No. 4 white oats. 2 cars 'ariz
IHO. 4 white oats, 2 cars 27v
No. 8 oats. 1 car 07
No. 4 barley, 1 car..... 'ik
No. 4 barley, 3 cars
a teed
tmrtey,t
Setterof
4 2
No. 1 feed barley, 1 car "391/at
No. 1 feed barley, part car '39
No,. S feed barley, car 5?
No.. No No ca 30
No 1 flaxseed, par car,rdockage 1*4014
Rejected flaxseed, 1 car 7 13 7
Rejected flaxseed, part car 13614
Rejected flaxseed, part car l'as
Xuru
1 flaxseed, 1 car I^Q
wheat, 1 car, no grade...... *TS
Winter wheat, 5 cars, No. 8 .89%
PUTS AND CALLS.
PutsJuly wheat, 90c.
CallsJuly wheat, 93^4c
CurbJuly wheat, 92c.
Eastern Illinois stockholders win -rote- on an
^Jr.,-% issue ot $55,000,000 4 per cent bonds, of which
Jv 134,626,00e0 ar for refunding.y
New wireadn Charles B.kLewis:
h8e
fc. SPnfl.de?,Yor*" ?t
kW *5
aa,
rain Commission.
Saturday Evening!
All Off Again With Wheat and Prices Lower
Open. High.
May.. $ MV $ .95
July.. .92$, .92%
deipt.. .81% .SlVi,
Minneapolis Oata
May.. .26T8 .26%
RANGE OF WHEAT PRICKS IN MINNEAPOLIS
Minneapolis $ .94% $.95%
Chicago -87% .88%
Duluth 90% .91
St. Louis 87% .85%
Kansas City 79% .80%
New York 90 .91%
Winnipeg- 87 .88
iace the courier and does the work
and more quickly. By its ability
to communicate instantly with many
and widely separated points, not only
are the army's operations directed more
effectively, but one commander is able
to control a larger force than was
possible under the old system. Oould
JTiela.8 MaTS&al Oyama have directed
the operations of 400,000 men and have
timed his strokes, so exactly had he
been forced to depend upon orders Car
ried by horse? How could he have con
trolled, a fighting line 100 miles lone:9
Without the telephone the operations
would have been carried on by a num
ber of generals, each acting accord
ing to a certain plan, but depending
largely upon his own judgment for what
to do and when to do it. That the
fight would have been carried on as
bravely none can doubt, but the tele
phone co-ordinated the actions of each
division and reduced the armies to one
vast machine., Nothing was left to
chance every stroke was correctly
timed, and the commander-in-chief was
at once informed of its results. Even
the flying columns were folio-wed by the
engineering corps, and the result of
every skirmish and the taking of every
village were known within a short time
headquarters.
the signers to give no
been so thorol shake* by the alsTherecords on a roll of paper the speed
ulot
the ban defalcation in each 10 0 meters
Milwaukee that we believe the market will in China a man can not by will dispose of his
Ss
present prices until corporate land in favor oi any one person, whether relative
IL affairs have been thoroly investigated and been or stranger It must be distributed among all his
mnclerstood. tty the public male ctailclren. -witljotit o-teeptlon-
"WE REPRESENT INDEPENDENT GRAIN SHIPPERS."
C. CWYMA1N SL CO.
Close
Low.
$ .93% .91%
CLOSING CAaH PRICES
directly or Indirectly,
An agreement pledging tn sign
emplojment of auy kind, directly
to Japanese, is being circulated in Yolo county,
California, and being numerously signed.
Slgnor Carofalo, the Italian criminologist,
reckons that thruout Europe 10,000 persons are
annually condemned for murder, and that only
one criminal out of three is brought to Justice.
It eame out In the house of commons the
other day that the commissioners for the reduc
tion of the national debt, appointed in 1862, had
held only one meeting since, and that in 1864.
Among the things most admired by Queeen
Alexandra on her recent visit to Gibraltar were
two wonderful triumphal arches of clothes bas
kets erected by the washerwomen of the town.
authorities of Berlin are testing an autof
mobile indicator. which displays in easily seen
"Public discDs the speed of the car at the moment and
&-
47 Chamber of Commerce.
Close
IToday.
$ .94V4
.92%
On TrackNo 1 hard. 9834c No. 1 northern, 96%c No. 2 northern, 93%@94%c
3 wheat, 86%@89iic No 1 flax. $139% No. 3 yellow corn, 44%c. No. 3 white
oats, 27%c No. 2 rye, 72%@74^4c, barley, 37c to 43c.
RANGE OF PRICES FOR THE WEEK
The Minneapolis Options.
The Chicago Options.
DIRECTED BY TELEPHONE INDUSTRIAL EDUCATION
Oyama Used Up-to-Date Methods in
Handling His 400,000 Men.
Electrical Eeview.
Among many things which the Jap
anese have done during the war which
they are now waging and which have
attracted the attention of the -world,
their use of the telephone is one. As
each advance was made or a trench
was dug, connections were made with
headquarters by telephone. Thus not
only was all important information
transmitted immediately to the com
mander, but fighting "waa direc-ted from,
the latter point by the same means.
The commander was able to direct the
fire of the guns and to order advances
when the proper time arrived. The
telephone in this service has taken the
Close
Testerday.
$ .95%
-93%@%
8 .81%
.26% .26% .26%
THE DAY'S REPORTS
Tear Ago.
$ .92%@%
.92%
-May Whsat -July Wheat-
Close. Today.
$ .92 .82
.90% .78%
.72% .87
.89%
Close. Close.
Today. Testerday. Yesterday.
$ .93%f .91%
.79%% 78%%
Germany Is a Leader in Bettering the
Woman Toiler's Condition.
Chicago Record Herald.
The steady drift of women into the
Industries no longer evokes jeremiads
from moralists and theorists. The
energy expended in deploring*' the
presence of women in the industries is
now being diverted to at betterment of
the conditions under which they work.
The disposition is to recognize the wom
an toiler as the product of social and
economic conditions, presenting prob
lems that must loo solved Sor tho
highest interests of society and the
state.
In the work of meeting these condi
tions intelligently and humanely we
may get many valuable lessons from the
industrial schools of Germany, which
are described in a recent report by
Mr. Meyer, the United States deputy
consul at Ohemintz. To meet the de
mand for opportunities of employment
for unmarried women in Germany, there
developed in the early days of 1860bid.
private ^commercial schools at Stutt
gart, Munich, Leipzig, Berlin and else
where, and these "vtare Boon followed by
the founding of still broader industrial
schools, known as the Lette-Verin, in
which opportunities are given for themiddling
Study ox different trades adapted to
women, and in which are special schools
of photography. Among the trades
taught are machine sewing, tailoring,
linen sewing, millinery, washing, iron
ing, cooking, nursing^ serving, domestic
economy, art, embroidery and orna
mental drawing.
The success of the Lette-verem led to
the foundation of many other organiza
tions in behalf of the laboring women
of Germany, among them being the
Alice-Verein, Darmstadt and women's
industrial associations at Bremen, Ham
burg, Breslau, Beutlinger, Karlsruhe,
Dresden, Baumsschweig, Kassel, Haa
over, Frankfort and Koningsberg.
Saxony, the greatest seat or German
Industry, employing the largest percent
age of women in proportion to popula
tion, had twenty-four special trade
and fourteen general industrial schools
for girls, in 1889. ,_,_,
In addition to the industrial schools
and quite different in character are the
schools of domestic science, in which
young women are taught cooking and
other duties pertaining to the home.
These schools were founded to check the
tremendous tide of young women to
ward the work shop and factories, and
tkeir remarkably rapid growth attests
their success an a value.
The value and effectiveness of these
schools in promoting the industrial wel
fare of German women in the improve
ment of the home have been recognized
in generous increase of government sub
sidies and in liberal endowments from
private sources.
The children of San Rafael, CaL, have been
formed into a Junior section of the local im
provement club. Their dnty will be to preserve
the street trees and to keep paper off the
streets.
'A chapel which is being finished In West
minster cathedral, London, will cost $50,000.
The money is the contribution of converts to the
Roman Catholic church as thank offerings for
their conversion-
It is announced tbaht Ben Greet, actor and*
litterateur, will be- made professor of dramatics
at the University ot OaUforni*
THE MINNEAPOLIS JOURNAL.
CmCAGCM*RAIN
BEARISH 8ENTIMENT1N WHEAT MARKET
OATg AND CORK WEAK.
Chicago, Apill 29.Sentiment in the wheat
market here today was decidedly beaiish. One
factor that contributed to the weakness was
lower prices at Llveipool, despite the moderate
advance here yesteiday. Anothei influence that
had considerable effect was the liberal move
ment in the northwest, arrivals today being
nearly double those of a jear ago. The May
option bore the brunt of the selling pressure and
the greatest loss was sustained that delivery.
At the opening May was off %o to 2%c at 8tt%c
to 88c., Covering shorts later held the price
WSL
8teaa aun
ii@.%c
Close.
87%c Jul opened to
down at 82%c to 83@88%c, and sold
off to 82%c, Minneapolis, Duluth and Chicago
repotted receipts of 205 cats, against 363 last
"week and 106 a year ago.
Selling of July became more pronounced io
ward the middle of the session, houseB with
i^.T.0
connections having liberal offerings.
Additional weakness developed in that option,
the piice dropping to 81%@81%c. A lack of
any marked demand was a feature. Some re
covery was made late in the session on buying
by shorts, but the close was weak with May
off 1% at 87%c. July was down l%@l%c
at S2c.
Ca? wheat. No 2 red. 88@91c, No. 3 red,
80@88c No. 2 hard, 88@00c, No. 3 bard, 79
87c, No. 1 northern 90@94o No. 2 northern,
88@92%c, No. 3 spring, 80@92%c.
Close. Wheat, May. 87&c July, 82c Sep
tember. 78% c.
Heavy selling by pit traders caused weak
ness in the corn market. Lower tables and
the slump in wheat were the principal depress
ing influences, July opened %@%c to %c low-Nothing
*i_, at 46%@46%c to 46%c. and declined to
4o%45% Local receipts were 02 cars, with
1 car of contract grade.
The market continued weak the entire ses
sion, closing at the lowest point of the day
final quotations on Julj were off %@T
AC at
4o%c.
Cash corn, No. 2, 47@47%c No. 3, 46%@
Close: Corn, April, 45%c May, 45%c July,
4o%c, September, 46%c
In sympathy with other grams, oats had a
weak undertone. A prominent commission house
was the chief seller. Buying was scattered.
July opened a shade to Vn@ViC lowei, at 28%c
to 28%c, and sold off to 28%@28%c. Local,re
ceipts were 69 cars.
Cash oats, No. 2, 30c, No. 3, 29%@29%c.
Close Oats, April, 28%c May, 38%c, July,
28VJC, September. 27%@27%c.
The following was the range of prices-
September.
79%@79% 79^, 78%
OTHER GRAIN MARKETS
DULUTH GRAIN, April 29July opened at
91c, sold gradually off to bids at 90c and ad
vanced and closed at 90%c. The market was,
dull. May was Inactive. Nothing was done to
day for the east, very little this week, and
foreigners are waiting for the May settlement
before doing anything. Cash flax was lower.
Close: Wheat, cash, No. 1 northern, 9OV4C
No. 2 northern, 83Uc to 86% July, 904c
September, 80%P durum, 81c to 82c. Flax,
cash, $1.40 September, $1.28^6 October,
$1.27%. Oats, 28%c.
NEW YORK FLOUR AND GRAIN, April 29
Flour, receipts, 8,654, brls sales, 450 brls dull
and barely stead} Minnesota patents, $5.25@
5 50 winter straights, $4.50@4.75, Minnesota
bakers, $8.40@3.85 -winter extras, $3 35@3 75
winter patents, $4805.25 winter low grades,
$3 25@8.75. Wheat, receipts. 1,000 bu sales,
2,000,000 bu opened easy and declined further
under liberal northwest receipts, lower cables,
prospects of larger world's shipments on Mon
day, favorable weather and liquidation July,
87 18-16@88 5-16c September, 83%@84 Rye,
nominal. Oorn, receipts, 61,275 bu, dull and
featureless. Oats, receipts, 30.000 bu sales
nominal.
Close: May wheat,9!te? July, 87c September,
83c. Close: Corn, May, 51%C July, 51V4c
MILWAUKEE FLOUR AND GRAIN, April 29.^
-Flour, ia and dull. Wheat, dull No. 1
northern, 97c No. 2 northern, 93@95c July, 82c
asked. Rye, dull and easy No. 1,
78c. Barley, steady No. 2, 51c, nominal sam
ple, 38@51e. Oats, easy standard, 80%@31%c.
Corn, easy No. 3, 45%@46c. May, 45%@4&%c.
WheatPuts, 81c bid, calls, 82%c asked.
OornPuts, 45c bid calls, 464 bid.
KANSAS CITY GRAIN, April 29.Close:
Wheat, lower, Mar, 72%c July, 72%c Septem
ber, 70%c cash No. 2 hard. 82@89c No. 8,
79@85c*No. 4, C5@80c No. 2 red, 82@89c No.
8. 78@86c No. 4, 65@80c. Corn, lower May,
42%c July, 42%o September, 42%c cash No
2 mixed. 44%a45c No. 8. 44%@44%c, J\o 2
white, 45%@46c No. 8, 40c. Oats, steady
No. 2 white, 81c No. 2 mixed, 29@29%c,
ST. LOUIS GRAIN, April 29.Close: Wheat,
lower No. 2 red, cash elevator, 87%@92W,c
track, 98c May. 88%c July, 78&c, No. 2
hard, 89@91c. Oorn, weak No. 2 cash, 46c
track, 47H@48c May, 45%@45Hc July, 45c.
Oats, lower No 2 cash, 28c track, 28%c May,
2T44c July. 2T%c, No. 2 white, l%c.
CHICAGO C0AESE GBADT AND SEEDS,
April 29.Rye, April, 73c May, 70c. Flas,
cash, northwestern, $1.40 southwestern, April
and May, $1.25%. Clover, April, $13.75. Timo
thy, April, $2.90 September, $8.15. Barley,
cash, 40@48c.
LIVERPOOL OBAIK, April 29.Wheat, spot,
dull No. 1 California, 6s 8%d futures, quiet
May, 6s 5%d: July. 6s 6d September, 6s 4%d.
Oorn, spot, quiet American mixed, new, *s 3d.
American mixed, old, 4s lOVad futures, quiet:
May, 4s 2d July, 4s 2%d.
MISCELLANEOUS
NEW Y0BX COTTON, April 29.The cotton
marlcet opened firm a.t arL advance of 4.@S
points, which was better than due on the cables,
and immediately following the call was active
and excited on aggressive bull support and a
scramble of near-by shorts for cover, which
sent the list up to a net advance of about
14(3)18 points, May showing tbe greatest gains.
This was followed by rather irregular fluctua
tions, but the 'market showed nervousness, with
prices about 10 to 12 points net higher. The
weather was rather unsettled and private wires
reported stronger spot markets.
Cotton futures opened firm May, 7.42c June,
7.30c July, 7.87c August, 7.44c September,
7.50c October, 7.57c November, 7.63c Wd De
cember, 7.67c January, 7.71c March, 7.80c
Cotton futures closed steady April, 7 44c
May, 7.48c, June, 7 S3o% July, 7 41c, August,
7.44c September, 7.53c October, 7.57c Novem
ber, 7,61c: December, 7.87e January, 7.71c
February, 7.75c March, 7.80c.
Spot closed quiet middling uplands, 7.85c
gulf, 8.10c.
NEW YOKE METAI.6, April 29.Lead and
copper quiet and unchanged.
FINANCIAL GOSSIP
United States Steel net earnings for March
quarter, $23,025,695 unfitted orders, 6,597,560
tons.
There is renewal of the effort to sell Colorado
Fuel & Iron to the United States Steel com
pany.
Norfolk earnings this month, to date are in
excess of the record showing for March.
Steel quarterly earnings were not so large as
stock traders expected.
The end of the copepr war in Montana Is
believed to be approaching.
James H. Smith of the Tennessee Coal & Iron
company says there is no reason why it should
favor a southern steel consolidation.
Slack European markets are influencing- tbe
price of copper -metal unfavorably.
Seven roads for the third week of April show
an average gross Increase of 7.07 per cent in
earnings.
Pennsylvania ij(Hlroad traffic is Terr heavye
and is expected to come up to the high level
of 1908.
Actions against the Kquitable's distribution
of assets have been commenced in five states.
GBAX2T Xt* HEOTTLAS X.OOAX. EIXVATOKS
Weeks Ending
Wheat April 29. April
No. 1 hard 10,376
No. 1 northern 4,683,002
All other grades 4,586,355
Totals 9.129,933
Decrease 649,899
Corn 24,443
Oats 2,567,416
Barley 4=e4,2TT3
Rye 89,188
Blax .1,145,792
SLUMP HARKED
WEEK IN STOCKS
ACTIVE OPENING- TODAY WAS
FOLLOWED BY HEAVINESS.
Early Deals Were Characterized by an
Extreme Irregularity, Gains and
Losses Being Greatly MixedCana
dian Pacific Made an Advance and
St. Paul Fell Off.
New York, April 20.Confidence in the level
of prices and In the stoiieb which had induced
buying of stocks up to thit le\ei deserted the
stock market this week and a violent slump
lesulted Much of the selling was closely con
nected with the break in the wheat market.
Ihe Milwaukee bank defalcation was feared as
a possible indication/of othei difficulties grow
ing out of the wheat deal. Stories of deals
and mergcis fell into thoro disci edit, as did
repoits of intended dividend iuci eases, and dis
appointed holders unloaded in all dhectious.
appealed, howevei, to cause appiehen
sion as to the stabilitj of general business
prospects.
The maiket opened active and exceedingly
Irregular Louisville & Nashville rose 1% and
Atlantic Coast Line lost as much. Lnited States
Steel fell and the prefeired gained a small
fraction. Canadian Pacific advanced 1% and
St Paul and Kansas & Texas preferred fell a
point. After the opening some of the gains
weie partly lost aud some of the losses were
partly made up The tone became rather heavy
within a few minutes.
PANDEMONIUM BREAKS LOOSE.
Pandemonium broke out on the stock exchange
duiing the second hour and quotations weie
practically lost for a time. What appeared
as fluctuations on the tape were simultaneous
tiansactions in many eases, stocks being sold
in one portion of the crowd at prices several
points away from those being made on the
dther side of the crowd The extreme declines
reported by some of the confused price reports
showed losses in Atlantic Coast Line of 1%,
Noith-Western piefened 9%, Buffalo, Rochester
& Pittsburg UY4, St. Paul, Metropolitan Securi
ties, North-Western and Tennessee Coal 5 to 5%,
Lnlon Pacific, New York Central, Reading. Kan
sas & Texas preferred, Cleveland Cincinnati,
Chicago & St. Louis, Smelting and Pressed Steel
Car 4 to 5 points and Southern Pacific, Louis
ville & Nashville, the United States Steel stocks,
Amalgamated Copper, Colorado Fuel, Erie sec
ond preferred and Twin City Rapid Transit 3
points or upwards.
CLOSING DEMORALIZED.
It was difficult to distinguish the tone at the
closing, the higher prices which were reported
later than the above quotations representing
simultaneous transactions in many cases. The
market closed in extreme demoralization.
Stock quotations as reported for The Journal
by Watson At Co., brokers, Chamber of Com
merce, Minneapolis.
Sales 1 Stacks
I
2,7001Am. Woolen
200 do pr
13,600 Am. Car....
2,000 do pi
23,600
700
300
8,400
30,300
5,500
500
2,100
100
8,400
300
1,600
700 700
15,000
1,600 8,300
2,600
400 400 700
300
60,900
4,500 8,200 1,600 1,200
1,300
300
7,100 2,100
200
2,200
200
13,000
2,400
200
7,700
2,900
Nor. Pacific.
North-West N. "SL. Central
O-inaha Ontario & W
Pressed Steel
do pr
Pacific Mail..
Penn. B.
People's Gas.
40,724
2,792,797
705,902
59,276
1,387,874
THE DIFFERENCE.
Bcffalo Courier.
That PongrMceepsle man who stole 1 cent's
worth of gas and is required to serve ten days
for It wlu have a lasting recollection.of tna
difference between the larceny from a corpora
tion anaVhy a corporation.
$ i J~
W^^tln- POOft JOHN.
W*sig%F
Chicag Journal -*w,,
PassengerWhatever became of the Bulger
family?
'Bas DriverOh, B^ll turned out fine. Got
to be an actor. Tom's an artist Mary's a
music teacher. But John never amounted to Minnesota Title insurance
much. I took all he cooid earn to tupport the Trust companv. preferred. IZO
ethara. Minnesota Loanf,^
147% 235* S 39
95
5,4O0
700
Beading
do 1st pr..
do 2d pr...
Republic Steel
'do pr
Rubber Goods-
do pr
Rock Island
do pr
St. Paul
Southern Pac.
Southern Ry
do pr
Tenn. Coal & I
Texas & Pac
Twin City R.T
400
175%
61% 81%
96
87
177600|Union Pacific.
700 do pr
4,100 2,700 1,900
r. S Leather.
96,200 79,400
700 600
600
1,700
1,200
Ttie statement of averages of the clearing house
hanks of this city ttols week snows. Loans
$1,097,902,100, decrease ?9,39S,800 deposits
II 146.528.600. decrease $5,440,000 circulation
$44,449,200, decrease 8284,000, legal tenders
866,582,300, increase $2,269,000 specie $219,715.-
100 Increase $1,598,200 reserve $303,297,400,
Increase S8,85T.SOO: reserve reonlred $285,632,150,
decrease $1,860,000 surplus $16,660,250, increase
$5,217,200 ex-United States deposits $20,869,-
950. Increase $5,182,050.
BERLIN, April 29.Exchange on London, 20
marks 49% pfgs for checks. Discount rates:
Short bills, Sy3 Per cent three months' bills,
2^4 per cent.
FARIS, April 29.Three per cent rentes, 9f
5c for the account. Exchange on London, 25f
18'AcW for checksApril
Nl
al
E YORK 29.-Money on calls, nom
inal no loans time loans, steady sixty, ninety
days S3& per cent: six months, 3J4 per cent.
LVfi. rm
Apri 22.
11,578
4,600,631 5,117,623 9,779,882
565,035
Close Prime mercantile paper. 3%@4% per
Close. Prime mercantile paper ._
cent: sterling exchange, steady,t wltbT actual
business In banKers' bills at |4.8650@4.8660 for
demand and at $4.84504.8460 for sixty-day
bills posted rates. $4.85% and $487@4.|7%
commercial bills. $4.84@4.84% bar silver, 57%c
Mexican dollars. 44%c government bonds,
steady: railroad bonds, weak.
MINNEAPOLIS. April 29.Bank clearings to
day S3,O89,B03 04 New York exchange, selling
rate 75c premium buying rate, 26c premium,
Chicagorate,
April 29, 1905.
I I Close
High- Low- I Bid. Bid.
I est. I est. |Apr29|Apr28
32%
100
84
96%
47
113%
15
136
Am. Locomot
do pr
Am. Linseed
Am. Sugai
Am. Smelting.
do pr
Amal. Copper.
Anacon. Cop..
A., T. &, S. F.
do pr
B. & O
B. R.
Can. Pacific...
Ches. & Ohio..
Chi. & Alton..
Corn Products.
do pr
Chi. tir. West
do pr
C.,C.,C. & St.L
Chi. Term
do pr
Col. Fuel & Ir
Col. Southern
Consol. Gas... 208
Del. & Hudson! 185%
74,300
12,000
12,200
600
15,300 39,000
138% 136
117 I 111%| 112%
I 119%
81% 78% 78%
105
82
101%
104
58%
145
49%
32% 12
61 19% 32 91
17 30
42% 25%
200 183
31
111
85
102
106%
63
140
51 I
34% 13% 62%
21%
32% 98% 18 31%
46% 27%
Den. & Rio Gr
do pr
Du S. S. & A
do pr
Erie
do 1st pr.
do 2d pr..
Gen. Electric.
Great Not. pr272
Hock Valey...
do pr
Illinois Central
Inter. Paper
32% 86 13%
27% 42%
77% 65%
12% 25 41
76 63%
174% 171 270
90 92%
157
20% 70
90%
P4
159%
21%
do pr
11,800
3.TO0
Mo. Pasifie..
W., K. & X.
2,600
4,600
do pr
157
20%
K. C. & So...
do pr
Louis. & Nash.
M., S. P. & S.
do pr
Manhattan
Met. St. Ry..
Met. Securities
79% 29%
62%
146% 112% 157% 163%
117%
81% 98% 28% 61%
21% 61%
44
106%
196
78% 92%
101%
172% 231
Mex. Central.
Nat. Biscuit.
National Lead
do pr
N. J. Central
Nor. & West
do pr
8,700
400 700
5,000
300
4,600 North Am.
1,400
ooo
2o,8O0
4,500
2,500
200
1,800
45,700
4 SCO
exchange, sellinrate, 75n premium
Londoc sixty-day buvlnB 25 premium
Bight documentary exchange $4.84%.
ST PAUL, ApriP 29.Bank$4.84% clearings today,
$1,003,599.75. 4
LOCAL SIimjRITIES
MINNEAPOLIS. *$,
-$" i*&
Gennan-AmTloa bank 160
First National bank 15
Germania bank
company 120
National Bank of Commerce ISO
Northwestern National bank 225
St. Anthony Falls bank.... 150
South Side State bank 160
Security Bank of Minnesota 183
Swedish-American National
bank 150
Minnesota Gas Light com
pany, common 6s. 1910-30 106
Minnesota General Electric
company, consolidated 5s,
1120 108
Minneapolis Brewing com
pany, common
Minneapolis Brewing com
pany, preferred 107
Minneapolis Brewing com
pany, bonds 110
Minneapolis Syndicate
Minneapolis Threshing Ma- 1
chine company 175
Minneapolis Steel Machin
ery company, preferred
Minneapolis Steel & Machin
ery company, common 108
ISoitli Ameiican Telegraph
company 80
Tv\in Cltv Telephone com
pany, fiist mortgage 5s,
1013-16 93%
Twin Citv Telephone com
pany, common
Tuln City Telephone com
pany, preferred
Minneapolis Chamber of
Commerce memberships. .4100
ST. PAUL.
New York $1,889,577 945
Chicago 198 665,893
Boston 151,174,281
Philadelphia St. Louis
Pittsburg San Francisco
Cincinnati Baltimore Kansas City
New Orleans
Minneapolis Cleveland Louisville
Detroit Milwaukee Omaha Providence Los Angeles
Buffalo
Indianapolis
St. PanI
Memphis St. Joseph
Richmond Denver Seattle Washington Portland, Ore
Toledo, Ohio
Salt I.ie Oity
Sioux Falls, S. D...
St. John, N. B-..--.
Londora, Ont........
Victoria, B.
93% 88%
187% 102%
189J4 104%
83
88 19
78%
89% 90 86% 17%
72
88 19
73% 82%
4,800
4,400 4,800
800
19,000 21,000
36,800
16,700
9,700
200
7,700 8,800 1,200
107% 80%
$
107%
28 74
170
58% 29
95T/
.SO'/j
30
108 118
98 11
76
1114 1224
11% 1 1
86%
U. S. Rubber.
do pr
U. S. Steel...
do pr
Va. Chemical.
do pr
1 1
89
88%
104
83
100
84
106%
04 21%
47%
102
80%
96% 84
105
86% 108%
84%
99% 34%
106%
93% 21. 47%
104
98 84
93 20
Western TJnion
IP
Wisconsin Cent
do pr
Green Con Oop159
Nor. Securities
TJ. S. Steel 5B
46%
Total sales, 1,147.500.
26
154 165
97
MONEY REPORTS
NEW YORK BANK AVERAGES. April 29.
Last
Sale.
Bid. Asked.
200 105
10 105
I,*"""rf""iui,--v-i'*s
Hennepin County Savings
bank
Minneapoli Trns compsny
160 145 150
125
Securities 1
125 IbO
120
154 225 350 130
185
160
200
150
109 109
T104 104
150 145
110 107
11
102
110 100
200 100 100
110 108
60
*S7% *85
195
BANK CLEARINGS
New York, April 29.Tbe following table,
compiled by Bradstreet, shows the bank clear
ings at the piincipal cities for the week ended
April 27, with the percentage of increase and
decrease, as compared with the corresponding
week last year:
Pet. Inc
86 2
13.4
14.4
18.1
27.4
15.2 26.8
6.4 6 2
25.0
Pet
Dec
129,213,508
58,280,201
48,920,702 31,413 522
21,778,650 20,889,301
21,187,167 13,615,076 16,454,421
13,060,555
27.8 25 0
31.8 25.4 26.7
23.7
8.260.033 2,500.864:
Spokane, Wash
Des Moines
Tacoma Sioux City.,
Davenport Topeka Helena Fargo, N.
39 7
7.T
2,541,882
2.851,752 1,607,228
784,297
1,100,361
387,962
424,852 271,023
21.1
45.9 88.9
Total, U. S $2,804,755,057
Outside N. 951.177,817
CANADA.
Montreal $17,728,429
Toronto Winnipeg Ottawa Halifax .......v..
Vancouver, B. 0...
Quebec Hamilton
8.4
31.5 as'A
27!s
8.0
14,144,856
4,406,646 1.602.172
1,215,388
1,402,990
1.433,252 1.082,601
10.1
3.2
12.0
8 2
753,707 17 6
4.2
785,719 388,115
80.0
Total, Canada... $44,944,975 5.2
WINNIPEG GRAIN, April "isTOpening:^May.
87%c July. 90c Close: May, 87c Jnlv. 90%c
October. 76%c, cash No. 1 northern. S7?6c. Io
2 northern, 85%c No. 3 northern. 79%c No. 4
extra, 72c No. 4, 70%c No. 5, J&c feed,
57%c. Receipts, 71 cars year ago, 104 cars.
HALLET & GO
Grain Commission
U2 Chamber of Commerce, linteapolis
HARFIELD-
6RIFFITHS 00,
GRAIN COMMISSION
MINNEAPOLIS DULUTH
CHICAGO
MILWAUKEE
WRITE FOR
CIRCULAR
FOR RAW FURS
To MCMILLAN FUR & WOOL CO.
RAW FLR AND
*9T TrtEMTO US AtftET BEST WKESl
HORTHWESTERN HIDE & FURO
a-eog-ao4-rrsTKB /MINNEAPOLIS AMNW
Gambli-Ribinsoi Commissiift Co.
Branch Hohses-t. PanL Uankato. Aberdeen. & D.
Chas.E.Lewis&Co.
Brain and Stock Brokers
MINNEAPOLIS.
SO
98
100 120
S850 4000
Ame.-ican National bank
Capital bank 12o
First National bank 260
Merchants' National bank 143
National German-American
bank 148
St. Paul National bank. 107
Scandinavian-American bank 140
Second National bank 140
State bank
Noithwestern Trust company 110
Minnesota Transfer Railway,
1st 5s, 1916 108
Minnesota Transfer Railway
company, 1st 4s, 1916 *95
Security Trust company
St. Paul Union Depot com
pany, 1st 6s, 1930 *125
Union Depot company, consol
5s. 1944 *109
Union Depot company, consol
4s, 1944 *100
Interstate Investment Trust
company
American Light & Traction
company, pfi 102
American Light & Traction
company, com 95
St Paul Gas Light company,
1st 6s, 1915 *116
St Paul Gas Light company,
1st cons 6s, 1918 112
St Paul Gas Light company,
general 5s of 1914 99
St. Croix Power company,
1st 5s 1929 *95
Pioneer Press company, com
(par $50) 5
Pioicer Press company, pfd
(par $50) 4 35
West Publishing company,
common 300
West Publishing company,
pfd 107
Tibbs, Hutchinjrs & Co., com
Tibbs. Hutchins & Co., pfd
Superior Water, Light &
Power company 10
Supeulor Water, Light &
Power company, 1st 4s,
1931 60
St. Paul Union Stockyards,
1st 5s, 1916 85
St. Paul Fire & Marine
Insurance company 195
Last
Sale.
103 125
255 145 146
110 130
Bid. Asked.
101
130 100
110
105 100
100
130
109
106
145
104 100
97% 97
i
100 99
100 94
37%
100 102
PIPER-
JOHNSON
AGO
Ellsworth C. Warner
Denman F. Johnson
\7.
CHAMBER OF COMMERCE,
MINNEAPOLIS.
Invite personal interviews and correspondence rel
ative to purchase and sale of grain, stocks, bonds
Member* All Exchanges. Private Wires.
Commission Orders Executed in
AH Markets of the World.,
BRANCH OFFICES:-St. Cloud. Fergua
Falls, Comstock, Duluth, Minnesota. Fargo,
Casselton, Hunter, Hillsboro, Grand Forks,
North Dakota and Winnipeg.
Edwards-OMAHA.
Wood
Co.
MAIN ornoc
147%
Fifth and Robert Sts.,
151
115
ST. PAUL. MINN. (IKCOKPOKATBD)
DEALERS IN
Stocks. Grain. Provisions
Ship Your Grain To Us
BBST FACILITIES. PXOVP RBTOTMB,
LlBSBAX. ADVAVCBS.
DULUTH WINNIPEG
110 and 111 Chamber of Commerce, and 311
Guaranty Loan Building. Minneapolis, Minn.
Brokers in
Stooks and Bonds
Grain and Provisions
409. 410, 411
Chamber of Commerce
p... ...a
48.9 16.5 ii'ss 42.8 23.9
8.8
48.0
10,128,383
10,076 105
9,887,666 8,695,626
6,622,100
10,508,1*2
6,001,288 5,332,581
5 976,879
3,929,856
4,115,711 5,503,761 5,320,712
4,577,710
4.637,801 8,236,169
3,479,827
.6
*2.4
6 3
ThoraiXYfely aquipre in all departments for V\-9
qnlck and efficient handling of accounts ef banki.
corporations, firms and individuals.
A
WATSON & GO.,
BROKERS IN
GRAIN, PROVISIONS,
STOCKS ANB BONDS.
Members N. Y. Stock Exchange
New York Office24 Broad Street
Chicago CorrespondentsJ. H. Wrenn A Oa.
Private wire Chicago and New York.
TelephonesN. W. Main 4492
N. W. Main 4491
T. C. 184.
420421 Chamber of Oomrrtyoe.
George 1'. Pip
Walter D. Doug! iglaav
Phones: N.W. JVL
3421-3422 T.C322
E.S. Woodworth & CO.
CHAMBER OF COMMERCE.
GRAIN COMMISSION
MERCHANTS.
Receivers and Shippers of Wheat, Coarse Grate
and Flax Seed. Orders for future deliveries exe
cuted in all markets.
Members ef All Exchanges.
J. F. WHALLON.
GEO. P. CASE.
5.0
9.2
GEO. C. BAGLEY.
CHAS. M. CASE.
Whallon,Case&Co. STOCKS, GRAIN, PROVISIONS
New York Stock Exchange,
BEBt Chicago Board of Trade.
Mpls. Chamber of Commerce.
Private Wire to New York and Chicago.
58 CHAMBER OP COMMERCE.
315 1st AVE. SO.
THE SECURITY
BANKOriWiNHESOTA
MIMNKAP9LIS.
2.8
55.0
16.7
12.8 22.0
9.7
Established 1878.
Capita! pal* in
Surplus
Deposits
$1,003,000
$500,000
$9,000,000
501 Board of Trade
Duluth.
Wm. Dalrymple.
Win. Dalrymple Co.,
901 Cham, of
Com. Mpts.
GRAINCOMMISSION
Receiving a specialty. Advances made to Farmers,
Shippers and Elevator Companies.
THEVANDUSEN-
HARRINGTON GO.
Grain Commission.
OFFICES IN PRINCIPAL MARKETS.
Lire Stock Commission. Sontii St PanL
SHIP YOUR
HAY
THERE:
ioftas-Hub-
oard Elevator
Company.
t. Paul. Minn.
EA.BROwH&CO.
Grain Commission
WI|OLBaAU 3 C4L
WOODWARD & CO.
"Taw-- GRAIN COMMISSION -rfifT
BRANCHESChicago and Milwaukee. Orders for future delivery executed in. ailjnaxkata.
ml 4. J. GUNimiNQS
GRAIN GMMIS*ION
PROVISIONS STOCKS BONDS.
PRIVATE WIRES.
Office: Main Floor Dispatch Bonding.
ST. PAUL.
Member Minneapolis Chamber oi Commerce
and Duluth Board of Trade
Jmmnmr* In
Ffuftm, Veaoi
bis Produoe
DrledFrults anaf
Cnnnnm Ooocfo*
Liberal advances made oa
large*aonsigmtnsnts. Or-,
dere filled promptly tor 'B?
everything la our Una.