Newspaper Page Text
THE BEPUBLIC: SUNDAY, JULY 26, 1903.
STATEMENT OF THE CONDITION
St. Louis Union Trust Co.
At St. Louis, ilo., at the Close of Business, June 30, 1903.
-Time Loons .......a....,.....................
Bonds and Stocks
Company's Office Building end other Heal
Safe DfDoalt Vaults
Cash on Hand and Due from Banks,
Capital Stock ..
Undivided Profits. Less Expenses. and Taxes Ialfl ...
Dividend No. 2S. Due July 1. 1903
Reerve for Interest...
Reserve for Taxes
Accounts of Corporations, Firms and Indi
WILLIAM K. BIXRT. Chairman Board American Car A Foundry Co..
JOHN L. BOLAND. President John L. Boland Stationery Co..
ADOLPHL'S EUSCH, President Anheuser-Busch Brewing- Association,
DANIEL CATLIN, Capitalist.
JOHN" T. DAVIS. Capitalist.
HOWARD ELLIOTT. Vice President Chicago, Burlington & Quincy R. R. Co.
s. W. FORDYCE. Capitalist.
JOHX FOWLER. Trustee The Liggett Estate.
B. B. GRAHAM. President Graha-a Paper Co-
WILLIAM E. GUT. Capitalist.
D. M. HOUSER, IYesIdent St. Louis Globe-Democrat.
ROBERT McK. JONES. Robert McK. Jones & Co..
EDWARD MALLINCKRODT. President Malllnckrodt Chemical Works.
I. W. MORTON. Advisory Board SJirmcns Hardware Co..
THOS. H. McKITTRIClC. President Hargadine-McKittrlck Dry Goods Co.,
CHARLES D. McLUKE. Capitalist.
L. M. KU3ISEV. L. M. Rumsey Manufacturing Co..
JOHN A. SCUDDER. Capitalist.
JOHN SCULUX. Cnpltallst.
E. C. SIMMONS, Advisory Board Simmons Hardware Co.,
E. O. STANARD. ITesident E. O. Stnnard Milling Co..
WILLIAM TAUSSIG, ITesldent St. Louis Bridge Co..
THOMAS H. WEST. President St. Louis Union Trust Cc
EDWARDS WHITAKKR. Whltaker Cn.
,'B. F. YOAKUM. President St. Louis &
THOMAS H. WEST. President.
ROBT. R BROOKINGS, HENRY
A ire President. Vice President. vice President.
JOHN F. SHEPLET. N. A. McMILLAN.
Mco President. Vice President.
A. C, STEWART, ISAAC H. ORR.
Counsel. Trust Officer and Secretary.
ALLEN T. WEST. Treasurer.
Commonweal Trust Go.
CAPITAL AND SURPLUS,
Transacts a Genera! Financial and Trust Business.
, TOM. RANDOLPH, Prosldent.
'UlffiBiCE tV PIERCi, Isf Vice PrttWUt j. H. WOODS. Secretin.
CEO. 0. CARPEHTEB, li T!ce President
L B. TEBBEns, 3d Ylce President.
TKOS. lY. CRCUCH. 4U flea PresIdetsL
SAVINGS DEPARTMENT 0PEH
Home Office, 823-831
A form -of savings
under most liberal
rounded by every
$178,871. IS deposited
with the treasurer
of the State -of
Missouri for the
BEST INVESTMENT IN
" "'. '""" f iiijciiuK uu j ui j mev oraerca a diock or ttocK sold at IS cenU per
share. Par value is S1.O0. fullv nald nnd nOTinMiup " Lu,w JC1
The, Great Western Gold Company owns and controls twelve croups c mines Amonir
them- Is the celebrated Afterthought Group In Shasta Cfnmty. California. Imaes- Among
IMs jiseless to say. much about the Great.Wcstern Gold Company, as the history of this
mat onsB-nlzatlon Is known, by even- man. woman and child in this vicinity, and what : a
glorious history It Is. -
Remember, 'he price of 10 cents per share Is onlr temporary. It h slmr.lv n nlw a
little money and ralFe It quick. A ifSton smelter Is fcdnE- erected, and Jlr r nw
the creat rnlnlnc expert, saya that this Fmelter will net J1M.0W In profits per month on the
AlterthouRht ore alcne. u,i "
JTST ItficEO'ED A CAnLRniLUI FR05I PAHIS. FRWCC nnnrnnr.
20.000 SIIAIIKS OF GREAT WKSTCIIX. THIS COVPivr ' i ,A'iA .
STIR E"EX IX THE OLD WORLD.
SHARES' .FROM 1VAI.I. ST. SOLD 75,000
flER FIFE ,OP TEX.VS.
HUY GREAT WESTKRX AT 10 CEXTS WHILE -TO U CX GET IT TI1F
SALE IS ALMOST OVER. . ' "' 1,IU
In" a few days It will advance to Its old
Market letter free. Beth phones.
' ' o I BSi VESTHSiT sniins
. NEW AND ENLARGED
"A Glimpse at YaU
Street and Its Market,"
containing revised fluctuation tables anfl de
scriptions cf active securities. Issued upon
ew Tork Consolidated Stock'
eve Tork Produce Exchange.
. GRAIN, COTTON.
44; 46 Broaelwiy, New York. , .
EOSTON.HARTFORD.NEW.'IIA VEX. PHIL
ADELPHIA. I5ROOKLTf. MONTREAL,
San Francisco Railroad Co.
C. HAARSTICK. JOHN D. FILLET.
A. G. DOUGLASS, Ass't Secrsiarj.
LS. HITCfiELL Trejiarer.
mki & CHRISTIE, Cosnwt
H0KDAYS UNTIL 7:30 P. M.
tion of America.
Lincoln Trust BIdg.
TTTirniwiinrrnMnniniTBi i i in n ihiimih
The company issues two
forms of installment payment,
endowment savings bonds
payable at maturity at $100
and $500 respectively.
Payments on $100 bond,
25 cents per week; on the
$500, $2.50 per month.
THE WORLD TO-DAY.
RECEIVE!! AX nnnEli wHH "
SHARES YESTEIiniv Tn ni.nl...
T. S. HKCDEnsON & CO..
J. -vinmerciai BUlldlnj.
MpTlrfin flt c.
Klnlorh T.l rv. r -
Clprk Co.. Ma.nw 4U5,
Gallatin Co.. IIL. 4
S-t. Charles "Water 4s.
Alton School 4s.
Lnljn Elec L. ft. p. is.
St. L. & Sub. Ry. ts. v
E. St. U Pub. Ry. si.
Jiicn hiii water 4
rriM"S, ';,., 'S2?nJe'.. ' "
SprlnKleld. Ill . Ry. 5s.
-" -"."o at our onrice.
WHS. 0. LITTLE & 8R0.
pi and 113 North Fourth St.
I0S1 .v? 5SS3?c"a,an'1 eorporatlon bonds,
local stocks,, bonds and notes. Orders In rther
fi H ,romIu?r uted by private -"in. Money
vSJZLSr"1, "AV. other collateraL
PhoneaKlnloch ljltA. Bell Main 18S3.
BUY TGHOPfiH STOOK.
In two ofthe best companies of the camp, at
bed-rock prices call or send for prospectus to
E. V. ENGEU Plscal Agent. KSl Elltot avc.
-New Tork. July Si. Bar slher WUcpcr ounce
At London quiet at S 3-ltd per ounce.
"Washlnctoni ' July E5. Available cash balance.
jrS,lEC.l: told, WS.SS3.SM.
pTM HfV BLrtlm
7T" and CHESTNUT STS.
GSPSTfiL m SURPLUS, $3,500,000,
OFFERS TO INVESTORS
41 TRUST GOLD BONDS
SECURED BY PTS.ST DEEDS OF TRUST ON
ST. LOUIS REAL ESTATE.
COUPONS PAYABLE MAY 1st AND NOVEMBER 1st.
Call or write for dttcrlptrrc circular.
MEXICO. CALIFORNIA. ARIZONA.
SPECIAL OFFERINGS IN DIVIDEND-PAYING MINES IN ABOVE SECTIONS.
Investments puaranteed, as can bs attested by 15,000 satisiW customers. La ft quarterly div
idend. $70,w). nr.J Iat re ecru Indicate large Increase, tfend for booklet, glvlns "Cardinal Points"
and our successful plan.
DOUGLAS. LACET & CO..
ELLIOTT TV. DOUGLAS. Manager. I-acIede building. St. Louis. Mo.
STOCKS WILD AND EXCITED
IN THE NEW YORK MARKET.
BROKERS FEAR FURTHER
COLLAPSES OP FIRMS.
Buying for Investment and for
Prolit-Taking Apparent in the
Xew Tork. July CJ.-To-day's short yesslon
of the Stock Exchange was feverish and
excited throughout, as an after-effect of tho
fnilures of two irarortant exchange, mem
bers yesterday, and the dread that those
failures would havo a sequel in the suspen
sion of other embarrassed firms. Through
out tho wild fluctuations in prices of spe
cialties the standard stocks showed evi
dence of tho same kind of absorption and
comparative stability which characterized
them in tho market of most of the week,
before yesterday's failures had excited and
upset the market. The day passed without
announcement of additional failures. De
spite the fact that no deliveries on contract
are required on Saturday and that loans
made on Friday carry over until Monday,
thus giving a breathing spell for hard
pressed UrmF. the absence of announce
ments of failures was not entirely reassur
ing as to the adjustment of dltllcultles. That
such difficulties exist is now pretty well un
derstood. But the general knowledge of tho
existing difficulties and of their location"
seems to deprive the situation of much of
the disturbing power which the previous
mystery possessed, and did not check the
absorption above referred to.
Part of this buying is by shorts taking
their profits, and it is highly probable that
part of it is by banking Interests who arc
concerned in sustained values. But it is re
ported that there is also ome evidence of
investment demand both from domestic and
foreign sources, in the belief that the ab
normal speculative situation here has re
sulted in forcing prices to a decline as ar
tificial in its way as was the Inflation which
preceded it and largely has caused it.
The general market sold off again on tho
bank statement, as the report of an actual
increase in the loan account in view of tho
week's violent liquidation' Is considered
nothing les3 than astounding. The pressure
for credits, which could have produced
such a result, must have been enormous, al
though it is recognized that the situation of
the banks must be strengthened by the ad
ditional collateral and the improvement In
its character, which have undoubtedly been
exacted. The bank statement was. never
theless, sufficient to make the closing in
stocks weak, and there was late ' pressure
also upon bonds. The convulsive contrac
tion in prices of many specialties was rec
ognized as being duo In many cases to clos
ing out of collateral for loans of the failed.
lirms. ana some 01 tne stocKs.auectea con
firmed tho plaint of tho prominent oper
ators connected with yesterday's principal
failure, that even Investment stocks are
unsalable in the present market. Pome of
the collapse talk served to direct con
clusions to the neighborhood of other
troubles, against which struggles are mak
ing. A consiuerame list 01 uccunes rang
ing from 5 to 231i points could to com
plied. WEEK OF LIQUIDATION..
There has been a continuance of liquida
tion in the stock market this week, but it
has been more scattered and irregular than
in the preceding period. The active dividend-paying
railroad stocks have been less
affected and have shown resistance to the
So far as they were offered there was a
better demand for them and themarket has
been without the entire apparent lack of
support which characterized It at times
during the present liquidation. A large part
of tills buying was from the short interest
which has been accumulated during the
long decline, and which is prompted to
cover by tho evidence of a lighten
ing pressure to sell stocks. News from
the business world at large has con
tinued highly favorable and until Friday's
failure of stock exchange tlrms nothing ap
peared to account for the shrinkage of i
curity values aside from the announcement
of failures In the building trade after the
middle of the week, which served to renew
the nervous tone of the speculation. Tho
precipitate decline In the iron and steel
stocks and especially of the United States
Steel stocks, to a point below that touched
in the panic of May S. 1901. was another
disquieting influence. Statistics of rail
road traffic have shown the movement of
merchandise on an -unprecedented scale" and
railroad officials profess an expectation of
all the business for the rest of the year that
their expanded facilities will be able to take
care of. In some quarters there is even
some fear of car shortage and freight
blockades, in repetition of last year's ex
perience. RAILROAD EARNINGS.
Reports of railroad earnings have been
generally favorable and the action of tho
Erie directors in advancing trie dividend on
the first preferred stock from 3 to 4 per
cent was accepted as an expression of
confidence in tho maintenance of the level
of earnings. The condition of the crops
has warranted the hopes of a large yield
of wheat and corn, although the Weather
Bureau's bulletin for the week was not en
tirely reassuring as to spring wheat, and
reports of hot winds in tho mm .oit Tnnrto
an impression on stocks at one time. But
the fact of the urgent liquidation was
obvious anil the mysterv of its sources and
causes added to its Influence in unsettling
confidence. That tho unwieldy commit
ments In doubtful enterprises in the face
of the necessity for the employment of
large funds In the active business, and in
railroad betterments and improvements is
at the bottom of the trouble is generally
recognized. But the fear has grown up
that the shrinkage In securities values and
the difficulties of the money market will
themselves react on tho general situation
and prompt the abandonment" enterprises
which are relied upon to keep up the de
mand for commodities
Such a tendency is suggested by the in
timations that various railroad companies
are modifying plans for betterments owing
to the difficulty of securing monev for their
prosecution. The possibility of a contrac
tion In the OOnSUmntlnn rtf trn in.l etAol
I products from these causes has played an
jjui una uan in ute weeK s pressure upon
the steel stocks. Tho financial community
has Deen bewildered in the effort to find a
basis for estimating a normal limit for the
decline, but has received no light in the
development of any considerable Investment
demand such as is looked for at a level of
so-called intrinsic values. This has led to
a series of conjectures whether the C per
cent rate ruling in the money market for
any longer date than six months is to be
looked to as the basis of return for invest
ment in securities.
CONVERSION INTO MONET.
"With a G jer cent rate for long-time
money there is undoubtedly some conver-
, slon of securities into funds for-placing in
I temporary loans. But it does not follow
that this process would be pursued down to
a price level for high-grade securities that
wi.uld yield only 6 per cent. Very few
railroad bonds of a high grade are yet
down to even a 5 per cent basis.
It is to be considered whether the ruling
G per cent rate for money 13 due to such
active and prolltable business conditions as
to effect an assured margin of profit in its
employment at a fi per cent Interest rat?:,
or how far, on the other hand, urgent
emergencies based tin previous commitments
and involving credit of capitalists or the
saving of greater losses, have madu the
present money rate. Many examples are
known, and others are suspected, where the
liquidation H forced to save the loss of
more. The fact that great railroad corpora
tlotw are borrowing millions on their notes
In timo loans at 6 rer cent rather than offer
the securities which they have in the pres
ent market is adduced to show that the
financial world does not expect present
money rates to hold, and adopts temporary
expedients to postpone the offering of se
curities which must ultimately be sold.
.ucanume. v an street simpiy watts for tne
liquidation to exhaust itself, with no very
dellnite opinion cf when that will bt.
The bend market has reflected the liquida
tion in common with stocks, but with 110
such volume of urgency.
TRANSIT WORKS HIGHER
WITH GOOD SUPPORT.
OTHER ISSUES ARE GEXER
United Railways Preferred Is the
Weak Spot Under Heavy
St. Louis Transit was the only strong spot
in tho loca! security list yesterday. Tho
stock seemed easy at the opening, but
there was a quick rally, which carried
values up from 1S.: to $17.37i- United
Railways preferred was again under heavy
eelling pressure. The opening was at JCo
and brisk liquidation caused a quick de
cline to $04. at which price the Issue was
offered at the close. The 4-per-cent bonds
were taken at $S0.
Missouri Trust eased off to JES.73. and
Lincoln Trust was under selling pressure
at S217. Third National Bank held llrin
at Ni'X 1 .
Brewing Association Gs iwero under some
pressure on the downturn from $33.25 to $33.
K.al'j J 17.M
:is.uo :i7.oo .
St LouU Transit
Lnlted Italla) pfd..
United. Hallways 4s....
-Missouri Tiust l.W
national uanK or commerce
German Savings 4).t
vhlrd National 3.,t).w
Broadway Cable 5s liW.5.
I.icleje Gaslight is .... 104. M
Mo.-Edlon E.ectrlc LlKht if
National Jandy Co. 1st pfd il.o.)
W St. Louis Transit at
5j St. L,iul3 Transit at
2) St. I.outs Transit at...".
23 St. Louis Transit at
S it. Louis Transit at
W St. Louis Transit at
Ill) United Hallways prd. at
1) I'nited Hallways pfd. at
4) United Hallwas pfd. at
75 United Railways pld- at
fr' I'nited Railways pfd. at
63 Untied Railways pld. at
13.00J United Hallways 4s at
10 Missouri Trust at
20 Lincoln Trust at
! Mechanics' National at
U Third National at
30 National Candy com. at
.,; -"fat'ona! Candy 1st pfd. at
2.C0) Ilr-wery Cs at
l.O'i'l llrewery 6s at
4,u Urewerj-.es at '.'.'.'
,. bo. 23
.. so. 00
Iloml Sales at New Yo
New lork. July 23.-Sales of bonds
here to-day as Jollows:
1...VCO A T & a F gen 4s
4.UOI A T ft; S F ad) e '
31.B.M Ealtlmorc & Ohio 4j
4l.nu C 1: . Q Joint 4i
31.101 C It I A- P 1st 4s
M.Q 0" It I & P tr 3s
33.10) C It I ts P R-n 4.1
20.WH) Col F & I con 3s
267,t"io Consolidated Tobacco 4s
S,o I, & N unified 4s
7t.00i Mexican Central con 4s
343. m Mexican Central 1st income....
251.lV) Mexican Central 2il Income...
12.(1.0 Missouri Pacific col Cs
1.0"0 Northern Pacltic R-n 2s
77.1MJ Northern Pacific prior lien 4s.
23.ft' Orecon Short Line 1st 6s
SO.OJO St L & I M unit and ret 4s....
2.T0.Unlon Pacific 1st 4s ,
103.UOO Union Pacltic" 1st con 4s
KlKio Wabash debenture II
M.OtfJ Wisconsin Central gen 4s
Total sales. $2,143,000.
. M S'Jl,
. 7.'.1Cl 7.,'j
. 721, '11 74
.I') Si l'l
. 7S 5i -
. f.7 fl 5S
. S,!i !.;
. C3 Sf 71
. HUM IS
. s. u a
. 90i4' N)
. 7a u 7s
. S2Uir iu
. 5ViW is
. S7 j 87
"Wall Street Gossip.
Reported by the Commercial Adverther throu"h
Francis. Bro. & Co., No. 214 North l.jurth
New York. July 25. New York Central One of
the strongest features was New York Central
It was tnls stock In which nearly everybody
raid the character of the buying was excellent.
The report was that J. P. Morjran & Co. had
given out largo orders for the account of Mr.
The Liquidation In Steel The rolling of steel
bv Harris. Gates & Co. during past week at
tracted comment and caused numberless sue"3
as to the real manlns: of It. It was cni.4 ti.
I firm was employed In order to caver the tracks
n me real seller, wno wif variously said f be
Schwab. II. IL RoRers. Wm. Rockefeller, John
1). Rockefeller, the Moore party. John W. Gate"
Drake, the turfman, James R. Keene and others
too numerous to mention.
Talbot J. Taylor and the Southern Pacific Pool
Eer since tho Southern Pacltic n-ni wo
1 pnned to be a failure. Mr. Taylor's triends la
j the board room have known that he was a heavy
! loser. It was asserted and never contradicted
' that, not content with his firm's Interest In th"
. l-ool. Mr. Taylor personally was heavily long
I of stock. Mr. Keene en his return from "Eurcpa
discovered this and tried. It has been blttcnv
I claimed by some of the members of the pool
.f .in,, iti Kiii'iii.,. uuk i. . uuiv, ramr tnan
make a prorit for the pool.
Mr. Kcene's Position That the condition of T.
J. Taylor & Co. wa precarious was known for
fseveral days. Indeed, a capitalist connected with
a -ery successful banking clique, which has
pulled off many sood things In the stock mar
ket, made a slrnltlcant remark early in the
After the Taylor failure the street rumor had
It that Mr. Keene's stocks would be carried by
hl old friend. "Sam" Boccock. If necessarv, also
that Mr. Keene was short of a jrreat" mam
stocks as a hedge on these of which he was
Friends of Mr. Keeno have acknowledged that
tho great manipulator was one of the best-hatod
men In Wall street, and have gloried in It. be
cause his enemies included some of the greatest
capitalists In the street, who are not philan
thropists or themselves popular. But this was
before the Southern Taclilc tlasco.
Rubber Goods The sharp decllno In rubber
goods was regarded as aftermath of the Taylor
failure. Followers of Mr. Keene were lomr of
the shares, and some of them sold. The heavi
est selling was. however. 10,000 shares by Jacob
FlelJ and J.ooo shares by DcWItt & Co., sup
posed to be Inside stock.
"Week IlnnU ClenrlnR.
Yesterday's clearing-house statement showed
clearings $5,963,510: balances $937,343. Clearings
for the week were S1G.133.313.
"VTheat values were sustained by the strength In corn yesterday. The market was
easy at the owning because of weak cables and comparatively large receipts, but there
was fair outside buying on the break and sentiment was sufficiently bulIUh to keep
prices slightly on the upturn through the remainder of the session. Weather conditions
were practically unclianged so far as they affected the wheat outlook. Continued lack
of rain was reported frum the Northwest and temperatures in the winter belt were
generally high. Local professional interest was not heavy and the volume of trading
was small. A considerable iwrtion of the buying was for scalping and outside account.
Corn was altogether governed by tho weather conditions. Friday's predictions of
rain were not vcrilied. and hot zephyrs from Kansas were again wafted in on the private
wires. Though the opening was easy, the rrarket soon fell in lin with other domestic
centers and shorts were anxious to cover at the close.
Sept. wheat opened -"M-Hc off and closed c up.
Sept. corn opened He oft and closed lrc up.
Sept. oats closed He up.
Receipts of produce were In fair volume, but there wns a good demand and rrices
Transit was the strong spot of the local security market. United Railways preferred
declined a point and other Issues were easy.
Yesterday's hank clearings were JT..K(S10. balances JWT.Ho. Discount rates were
steady between 5 and 6 per cent.
Spot cotton was unchanged in the local market.
GRAIN VALUES ADVANCE
ON WEATHER PROSPECTS.
LEADS THE MAKKET
Failure of Rain Predictions .Causes
a General Desire to I.iiy the
Corn was the strong spot in yesterday's
local grain market. Wheat also scored an
advance, but the coarse grain was the lead
er throughout tho session. Wheat was rath
er easy at the opening because of Increased
receipts, lower cables and generally bearish
speculative conditions. The usual Saturday
liquidation helped the downward movement
and the market remained weak until near
tho close, when the market followed corn
on the up turn. The volume of trading was
Sept. wheat opened zi'5io off and sold at:
77c, 767,11770. 77c. 75,i07',c.76riev77c. Tfi
77c, 771.C 77c. 77c. ;.JWc. ..He. o.c.
77l,c; 7:sc, 7fi-c.77i,c, 7740, ..?c. ..?c. T7
iic 77fc, 77 Va -.
Predicted rains in the Southwest did not
materialize and there were repetitions of
the stories of hot winds In Kansas. The
official forecasts did not hold out much en
couragement to tho selling sue. inougn re
ceipts were large, there was an excellent
eiemand for top grades.
Sept. corn opened He off and sold at:
415iC. 417C 50c. '. 4F150c, 49'jC. 5"c, 50i;c,
Wic. 50c 50c, 5oiC, lvlc. i?,c. 51c. SlnC.
Receipts of wheat at St. Louis l.G74.t74
bu.. of which 4.S3.'. sks. and 1C3 cars local
and 1 car through, against 210.174 bu.. of
winch 42.744 sks. and 2-jS cars local and 7
cars through, in IMS
Receipts of wheat at primary points
SSiOO) bu., against l.OCi.C'OO bu.. in 1M2. and
shipments IW.00 bu.. against SCGM) bu.
Northwest received US cars, against 220
cars, in lOOi Chicago received 51.STO bu.
and Kansas City 155,40) bu. Clearances,
Receipts of corn at St. Louis 6".27j0 hu..
of whicli 340 sks. and SI cars local and 25
cars through, against 36.910 bu.. of which
3G4 sks and 2$ cars local and 4 cars through.
Receipts of corn at primary points 31300
bu.. against S45.C".') bu... in 1J"2. and ship
ments 301.O.O bu.. against 6S2.v) bu. Chi
cago received 133,600 bu. and Kansas City
44.0X1 bu. Clearances 63.W0 bu.
Receipts of oats at St. Louis ES.503 bu..
of which 91 sks. and SS cars local and 7
cars through, against GC.310 bu.. of which
32 sks. and 43 cars local and 4 cars through.
in 1902. Shipments 33.230 bu.
Receipts of oats at primary points 3i3.0)
mi., against 420.010 bu. in 1902. and ship
ments 349.00 bu.. against 270.W) bu. Clear
ances G.C00 bu.
Local Money MfirUet.
Transactions at the banks were in fair volume.
Trere was r ct.Td demand for call and timo
loans, with discount rates firm between 3 and fl
STOCKS AND BOMIsr IX DOSTO.Y.
Pcston. Jutv 25. Closing qmtatloas on money,
bends, stocks nnl mining shales:
Call loans 2HS4 per cent: time loans 326 per
Atchison 4s ? I Melcan Central 4s 72
Atchison 04 I N. Y.. N. II & II.
Atchison pfd S7'3 Fitchburg pfd
Beaton & Albany.. .213 i Union Pacific
Boston & Maine. ...169 Mexican Central....
lston Klevated 137 I
American Sutrar 114
Amer. Sugar pfd ...IIS
Amer. Tl. .t TeL..130it
Dom. Iron .fc Steel. 124
General Electric 139
Mass. Electric 204
Mass. Electric pfd..
U. S. Steel
U. S. Steel pfd
Calumet & llecla.
. 4H 1 Old Dominion..
.. 44 Osceola
. 25U Parrot
Mohaw k ...
kilning Stock In Xevr York.
New York. July 23. Closing quotations on :
inc stocks to-dav were as follows:
Adams Con 3
Uiunswlck e'on 5
Comstock Tunnel... 64
Con Cal. .4 Va 43
Horn Silver lOo
Iron fcllver 150
I-cadvllle Con 5
STATELIEST OF II.VMv AVERAGES.
Deposit for the "Week In Aeir Turk
Have Inereaied !J7,1GS,700.
New York. July 23. The statement of averages
of tho clearing-house banks of this city for
the week shows:
Leans $f07.S?.7). Increase $SSI,23.
Deposits $502,376,500. increase J7.16S.7C-.
Circulation $43,S19,2W, decrease $J3.7iO.
1-gal tenders S7s.142.50). Increase $l,3i3.4M.
Specie $166,367,100. increase $5,503,700.
Reserve $241,509,600. Increase $7,429,100.
Reserved required $225,534,200. increase $1,732,175.
Surplus $18,!13.40O. Increase 53,6i6,:.
Ex-United States dep. $S,729,673. Increase $3.
631.0C0. The Financier this- week says:
One notable ft-uture of the official statement
of the New York banks last week, was the In
crease of $t4.20 In loans, whereas a decrease
was quite confidently expected as the result of
he Kencral liquidation in the stock market
durlns the week, and as the result also cf the
reoajment of the Pennsylvania, loan, which was
probably completed last week. The Increase w as
most likely caused by new corporations borrowlnjr
either from the banks or from foretj-n bankers.
Another striking :eature wan the Increase of
$7.429,1.."' In the cash reserve: this amount was
3562. ie-1 In excess of the sum which was esti
mated, based uion the traceable movements of
money during tne week. In the previous week
tho cash pain shown by the bank statement was
greater by ll.Sli.) than that Indicate. by tne
estimates. Iheexces3 last eek. thtrefote, mkes
a tjlat of $2,li0,jiJJ ureaier for the fortnight than
these estimates. The deposits were Increased
$,l-7w; this is smalle-- by Il.144.6uO than the
amount called for by the gain in cash, plus the
increase in loans, and, therefore, the statement
does not balance. The reserve requirements were
increased through .the aucmented deposits by $1.
792.125, which sum. de-ducted from the gain In
cash, leaves $5.636.9J5 as the Increase in surplus
reserve: this Item, It was said, stood at ls,
913.400. Computed upon the basis of deposits, less those
of $37,237.1i.") of public funds, the surplus is $-".-225.675.
The excess of loans over deposits which.
In the previous week was $1I'7.4', Is now 13.
522,). the smallest since March 7. This mini
mum excess of loans will doubtless be favorabiy
regarded by thos who have mistakenly viewed
the preponderance of loans over deposits with
tome degree of apprehension.
Jfcvr York Curb Market.
New York. July Sj. The curb market to-day
was dull but steady In symrathy with the Inside
market. The opening wus quiet and with nomi
nal price changes, and weakness was general
Inter, luir It wns noted that the deeitnM were
made In a small volume of liquidation. The
close was quiet and fairly steady In splto of gen
eral dvcllr.es. Total trades were about 1A0O0
shares. Northern Securities sold early at S7 and
hrnl. in K5 on sales of onlv shares. American
Can preferred sold at 37 for 1.3X share and the
common vild at Sft-SU for 500 shares. Greene
Copper sold at 19H19 for 700 shares, and Stand
ard Oil sold at SirtfiBr-O for 27 shares, other sites
were: United Copper at 16 for 0O shares. Sa
loard Air Une preferred at 3) for 2H0 shares and
InUrborough Rapid Transit at 100 for 100 shares.
"Vevr York Muney Market.
New York. July 25. Money on call nominal:
time money Strom?; 60 days 4;; SO days 5; sllt
monthr 6. Prime mercantile paper 3HSi6. Sterling
exchange steady at 4.&614.5&12j for demand and
4.b375i4.V75 for 0) days: twisted rates 4.S45 and
4.f7; commercial bills 4.S3S4.S33. Mexican dol
lar? 424c Government bonds steady: railroad
WHEAT BECOMES STRONG
TOWARD CLOSE OF SESSiON.
ADVANCE IS IN SYMPATHY
WITH CORN PIT.
Hot Weather Reports From Okla
homa and Kansas Figure
Stronjrlv in Market.
Chicago. July 23. There was considerable
strength in wheat at the close to-day, with
Stiit. ",151c higher. Corn ruled very strong,
imal figures betas l?bc higher. Oats were
firm. c higher. Provisions closed weak,
and 10 to 32';C lower.
Wheat was quiet and uninteresting until
late in the session, with prices lower at
the start, Sept. being oft -ij to '.i. at 73vi to
7Cc Iteports of hot winds Northwest and
disappointing thrashing re-ports began to
come in, however, and shorts started to
cover. They soon had Sept, up to 76'.i'3SrC.
where a break occurred. It was only tem
porary, and when corn developed still
greater strength the advance continued to
'i4C eased off a trifle and closed firm 'at
7;'ai7lsc, a net gain of ;8 to 1c. There was
a little better uemand from commission
houses, and St. Louts bought freely. Clear
ances of wheat and Hour were equal to 134.
70 bushels. Primary' receipts were 582.
IV) bushels. Minneapolis and Duluth re
ported receipts of isti cais. which with local
receipts of GO cars, 21 of contract grade,
made a total for the three points of 24
cars, against 221 last week, and HI a year
Corn made the pace for other grain and
held much of the interest of the trade.
Trading was excited on hot weather dam
age reports, those from the West beics es
pecially discouraging. Oklahoma had hot
winds and Kans-as needs rain, with no moist
ure anywhere in the corn belt. Local traders
sold long corn early without affecting the
prices to any large extent, and later a
heavy demand developed and held until
tho close. Trade was on a large scale and
the buying was participated In by shorts,
outsiders and large and small speculators.
September closed strong at the top 5l"552t,c.
a gain of lc. having sold up from. 304c.
Clearances were 6J.i.jo bu. Local receipts
were 133 cars, with 31 of contract grade.
Oats followed the leaders at the opening,
but there was little enthusiasm manifested.
The market was not broad at any time, al
though there was some increase in outside
business. Trade was largely local and the
market mildly bullish on the corn situation.
September closed with a gain of c at 33tc,
after ranging between K'-JrXHc. Local re
ceipts were IS9 cars.
RANGE OF FUTCRCS.
Com No. 2:
75 '4 76-
73t 77s 4
Oats No. 2:
42 404 41H
237i S3Un 334.
34, 33 34S
364 33H 2CHh
Sept 14.074" 14.10
Vt 7.R24 7.90 7.73 7.73
Dt S.224 S.23 S.CO 8.024
Oct S.074 S.07H 7.S0 7.90
RECEIPTS AND SHIPMENTS.
Articles Rec Shlp
Flour, bbls .3"0 l.iv
Wheat, bu 51.MO 30.300
Lorn, bu 133.600 E.-6.O0O
Oats, bu 2U7.3UO 239.1W
;. bu; 350 62.000
Barley, bu is.40) 6.S0Q
Local liquidation caused the weakness In
provisions. The hog market and heaviness
of receipts apparently induced the sellin?.
Closing figures were near the bottam and
the market lacked feature. Sept. pork
was down 32Vic at J13.E0. lard was off
10c at $7.75 ana ribs 25c lower at $S.02?j.
Estimated receipts for Monday. Wheat.
75 cars; corn, 1S5 cars; oats, 235 cars; hogs.
Xevr York Stock Quotations.
St. Louis. Mo.. July 23. The following shows
the opening, highest. lowest and closing quota
.!iL2:1u'.ei;w, Sl stock Exchange to-day.
Corrected daily for The Republic by Francis,
tro. & Co. bonds and stocks. No. 214 North
Atrial. COrper 2S.S00 4) 40i 3S 33 2s
Am. Car & Fdry.. 1.50) 3l; 31'4 3ii4 an; 314
.10. pfd 4-M S31i .. ..;: $14 S3?
Am. Cotton Oil... 2-jJ 31 Ji 3i"
Am. Ice 50i) 54 64 5 54 4
Do. pfd 4W 22U 224 22'i 224 21
Am. Unseed 1.SC-) 54 6 3 6 104
Am. Locomotive... l,sw 174 174 164 17 17V
Do. pfd. 3) 82 ..".. .. S2 SI4
Am. Smelt 4.700 4F 41i 394 40 414
A.m.S''sar 2.4.0 114 114", 1134 114 lir,
Atchlsea 2I.7W 63; 64 624 634 63T
1. I"d MM JS4 4 s:4 ts ?S4
B. & O. 12.50) S24 824 SIS Sli M?
T. 11.40) 424 43 41, 414 424
Cent, of N. J i"i
C. & 0 40) 32 32 Sli Sli sJ
S pm.":::::::: ,?: ?!. W4 1!i 3?
Chl. Gt. West.... 2.000 15?4 134 144 i 154
C-. M. &.St. P... 1J.50O 140 1404 13i 13Stj 149
C-, 9"0 1614 163 1614 163 1614
Chl. Term loo 104 104 loll
C, a. C. & St. L. 2.700 71 71 70 704 71
COL F. &. I :0O 42 42 e; 40Vi 421J
Col- bo. 4.3M 11H 11; u mj u
Do. 2d 490 21), 214 21 21 "Its
Con. Gas 400 laJ isj igj
Con. Tob. pfd.... 1,400 1054 1054 103 105 lOStl
Corn. Prod. c
Do. pfd ! 7iC
DeL i II.. 31,) 1664 1664 IWi I60V4 1664
U. GZ it. U dl Zl'-i. ...
Do. Dfd 300 TS TS
... 224 ru
64 76V 774
3r! 13.200 2gi 2SS 2S 2li 2Sl
Do. nr.i -. i.rnri 4iu. 4.-.: 411 j nv
Gen. Elec. 1.20O 139 159 137 157 133
Hock. Val 200 74 75 74 73 74
I". Cent 3.400 123i 1J0H 123 123 129J4
lov.-a Cent -0
K. C. F. S. 31. 170 67 67 67
k. c south :::: ..
Do. pfd 3i
Iiclede Gas ..., .... 94
L- & N 1.200 103 103'i V)Z 10Z 1"3
Manhattan con.... 1,4' 132 123 IK B lis
Met. Securities.... SOO 73 73 T3tl
Met. St. Ry. 1.300 113 113U US HI 1154
Mex. Cent, 31,4)0 12i 12 114 nii 12
M.. St. P. S. S.M. 30) S.I .... .... 60 DO
SI. & St. L 300 70 70 63 63 70
M.. K. & T L3I.Q 13 13 11 is 19!i
Do. pfd 2 tS 28 37C I7 2S"
Mo. Pac 6.6IJ0 374 33 37 974 9711
Nnt. Biscuit I" ;s
?' l';ad 200 154 154 1511
Do. pfd .; sjiiI
N. Y. Air Brake.. 500 123 125 123 125 1224
N. "i. Central.... S.200 HSU 113 117H U7i IU
N. Y. C i St. L. M3 :l z-T 34 23
N. 1., O. & W... 1.E0O 22U 224 224 224 22ti
Norf. & West,... l.OOO 624 624 60V mi 62"i
No. Am. Co. 6.SOI) 70 74 70 71 70it
Pac Coast Co.... 200 43 43 43
Pac. Mall 1.300 20 20 1?4 184 20
Pennsylvania IC.fwi 121U urj 1304 121 121-1
Peo. Gas of Chl... 1.200 934 VZ 92i 92s: 33
P.. C C & t. L. 3.20) U4 634 6S .60 63i
Pres Steel Car... Si 44 44 424 421 44
Reading 13.200 474" 4SH 47' 4S4 47
lo. 2d ST
Rep. Steel & I.... 2w 114 114 104 104 u'i
Do. 2d 20) 17,4 E34 65 65 (5i
Rock Island 12, 3 224 224 21 21K 22
Do. pfd 7l) 634 C34 614 62 634
St. L. & . F. 2d 700 4Sft 4Vi 4S 4SH
St. L. A: S-vv..... ...... .... .... .... .... 144
Do. pfd 0 30j 31 30'.t 31 21
So. Pac 20.400 42 424 40 41 42
SO. Hy. 3.1) 211 21 20t! 3.14 21
Tenn. a & 1 2.200 35S 39H 374 37T 35Ti
Tex. Tac 1,7m) 23 234 23 234 25
T.. St, L. & W.. 200 19 19 15 IS 13
Do. pfd an 25 25V4 25 254 23
Union B2C Ji P 5 5 61
Union Pac 3.4l 71-S 73 TIH 744 TiU
Do. pfd n S5 85 844 814 8".
V. S. Ixlthcr..... 2.S00 7 7 6 7 7
Do. pf.l S00 T3 73 M
IT. S. Realty..... 3.4. 4 10S 10'i 10i U
U. S. SteeL 2").su( 23'4 234 2'"4 22- 23'i
Do. pfJ ll.DO T04 T0a 634 TO T0V.
Va. Caru. Ch 1.3") 23 33 2i 38 ti
Wabash 50) 20i 23 2) 20 26
Do. pfd 2.0M 24 37 337. 25ti 26
Wheel. & L E... 1.20) 14 144 13H H?4 II
D. 2.1 SOU
West. Union .... 20) 834 S3U 83Vi 83 Uit
"Wl. Cent sn l !"; isti l; 14
Do. pfd : S W.j Xi3 W
Total sales. ).3C0.
New Tork, July 23. Government bonis! r
Tnilpl States rpfunttirir . r.;srr.'il .Wm
' I'nited States refunding ::?. coupon ..... IW
pencil ?uiif J9. rrri.iei-u ................... v.t
felted States Zr. o-'lpor. KSS
l.'nlted States new 4s. registered" 1341
T'nltM States new 4. coupi n ,...lZ5t-3
I'nited States old 4. recltrcd Ill
l.'nlied statts old t. couprn Ill
I'nltnl t-tates :s. rezriiteral I')lJi
United States Cs, coupon l'J3
j Reported by Whltaker & Co.. echan;s brok-
I ers 30 North Fourth street.
I Bid. Asked.
1 N.w York Sepr.ni 43cprem
; hteajr .- prem par
Cincinnati ........................1?ci:is par
Luuisrllle lcrtfs par
New Orleans IGcd.s par
ImpnrtH nml Export.
New Tcrk. July 2. Exports of ft -'cie from tht
port for th week nirirrcated f2 T silver and
l'.iil7 cold. Imports of j.t-cI $7 A cnW anil
SI.29 sliver. Imports of dry sr-- d and general
mcrchandlst were valued at JlO.CilU.
CITIZEN CAPTURES THIEF
AFTER A LONG CHASE.
t II. K. nenoc Catelie Hnrrr Arthns
Who Ilobljefl Thaileu C. II:trrM4
Home, nml Turns Hint Over
Harry Arthrr. who Is a prisoner at tho
Four Courts, charge! with grand larceny,
was arrested Friday evening on Delmar
boulevard between Vandeventer avenue and
Sarah street, after an exciting chase, in
which II. E. Herzog took the most impor
Shortly after 5 o'clock Salome Backstrone.
a servant at the home of Th3deus C. Har
ris at No. 3325 Washington avenue, found
Arthur in the dining-room of the house. Ha
carried three tablecloth? in hi arm
"What are you doinj here?" asked tha
Arthur did not reply, but ran away. In
the yard Mr. Herzog met him. He grabbed
Arthur and held him. Mrs. Harri?. who
was attracted by the- shouts of her servant,
also hastened to the yard. She identified
the tablecloths, and Herzog requested her
to'bring him his pistol.
Arthur, upon hearing this request, broke)
away and ran. Mrs. Harris got the pistol
for Herzog and he gave chase.
Arthur ran through the yard of Doctor
Plnckney French, at No. 3S71 Delmar boule
vard, then down an alley. When he came)
to the home of T. C. Crouch, at No. 4001
Delmar boulevard, he turned into the yard.
He had started to run through the house
when Herzog caught him and held him.
Mr. Herzog led Arthur to the patrol bos
at Vandeventer avenue and Olive street asd
turned him over to Patrolman Renz.
The tablecloths found in Arthur's pos
session were pure linen, and a warrant
charging him with grand larceny was is
sued yesterday morning.
VANGUARD EXPECTED TO-DAY.
Witnesses in the Uriliery .Cases
Due in Jefferson City.
Jefferson City, Mo.. July 23. The advance
guard of the witnesses in the senatorial
bribery cases to be heard at this term of
court, beginning Monday, are expected to
Among the leadins witnesses for the State
are former Lieutenant Governor John A.
Lee, former Senator Haynes of St, Joseph,
former Representative Lightholder of St.
Louis. H. M. Ramsey of Steelville and Cor
nelius Roach of Carthage, who is Colonel
Phcips's Jasper County lieutenant.
Included in the witnesses for the defense
are the foreman and two members of the
Grand Jury which returned the indictments.
The docket contains a number of minor
cases, which, are echoes of the reform up
heaval of last winter. These are made up
of Informations charging hotel men and sa
loonkeepers with leasing or renting their
premises for gambling purposes.
ADVANCE FOR MINE LABORERS.
Companies Will Withhold Money
From the Miners.
Pottsville. Pa., July 23. More thrvi 30.C4X)
mine laborers in the anthracite region will
receive an advance In wages, ranging from
10 to 20 per cent by the decision of the
Conciliation Board otticially announced yes
terday by General Superintendent K. C.
Luther, one of the conciliators.
The decision, however, does not create
any joy in the ranks of the mine workers,
as the laborers are employed by the miners
and the Increase will come out of the pock
ets of the latter. To enforce the award
the companies will withhold the money from
the miners and pay it directly to" the La
borers. Heretofore the mine laborers did
not share in the general advance of wages
under the commission's award.
BARON BAGOT WEDS MISS MAY.
Beautiful Baltimore Girl Capti
vated the Confirmed Bachelor.
London. July 23. The weddlnrj of Miss
Lillian May, daughter of Mrs. Henry May
of Baltimore, to Baron Bagot. was cele
brated quietly to-day at the Brompton Ora
tory. Her brother. George May. save the
bride away. There were no bridesmaids.
The Honorable Heneage Legg was the best
After luncheon at the Hyde Park Hotel
the couple left for the Baron's country seat,
at Blithfield, Rugeley, Staffordshire.
Baron Bagot. who wasi born in 1S36". wa
regarded ns a confirmed bachelor, and hi?
engagement to Miss May. a famous Balti
more beauty, was received with great sur
prise. The Bagots are the oldest of the
Staffordshire families and held their lands
there long before the Norman Conquest.
The present Lord Bagot succeeded his
father to the title in 1. He has an estate
of 30.C00 acres and has held a number- of
honorary offices, including that of eld-decamp
to the Marquis of Lorng when the
latter was Governor General of Canada
There is a magnificent collection of pic
tures In the old castle at Blithfield.
BILL IS BEFORE THE MAYOR,
Ko Action Taken in Changing
Name of Lindell Avenue.
The bill to change the name of Lindell
avenue to Camp Jackson avenue was sent
to Mayor Wells yesterday for his signature,
having passed both branches of the Mu
The bill did not reach the Mayor's office
The Mayor will most likely give tho matter
his attention to-morrow.
A protest from the property owners on
Lindell avenue has been sent to the Mayor,
asking that the bill be not signed, as the
property owners claim the changing of tha
name will depreciate the value of property
on that street.
Beecber's Friends Act.
Albany. N. Y.. July 25. The Henry Ward
Beecher Memorial Association has filed a.
certificate of Incorporation. The directors
are Henry Kcntz, Theodore F. Miller. Wil
liam C. Beecher, Henry S. Snow and Fred.
W. Hinrichs. all of Brooklyn. 4
St, Louis. Mo., April 20. 13C3.'a
This is to certify that I have been cared
of kidney and bladder trouble by the use' of
one bottle of the Texas Wonder, and I can
cheerfully recommend It to others suffering;'
with kidney and bladder troubles. I have'
gained 22 pounds since using it. Yours truly,
W. K. CORDELL. 2643 Olive St. ,,
A texaTwohder. -
One small bottle of the Texas Wonder,
Hall's Great Discovery, cures all kid
ney and bladder troubles, removes gravel,
cures diabetes, seminal emissions, wcak
and lame backs, rheumatism and all 'Ir
regularities of the kidneys and bladder; ftri
both men and women: regulates bladder,
troubles in children. If not sold by you.
druggist. It will be sent by mail on receipt
of $1. One small bottle Is two months'
treatment and seldom fails to perfect a
cure. Dr. E. W. Hall, sole manufacturer.
P.- O. Box 62D. St. Louis. Mo. Send for testi
monials. Sold by all druggists. Office. 2231
OUve street- .
. -' -ST ,.-!-.); ..-CfcftTt.CTfTV'"' tyl