The St. Louis Republic. [volume], March 08, 1904, Page 13, Image 13

About The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919

Image provided by: State Historical Society of Missouri; Columbia, MO

                
THE ST. LOTJIS REPUBLIC: TUESDAY. MARCH 8, 1904.
j?
o
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vp
FINANCIAL.
"-"-- " i - - -.- -i-,-,-.-.--..-n v-,-.-i-.-i- - ,-i.ri.riri.rinni-ii-i.-,-.-,-,-.-i-, i-i-i-, -..
W. H. LEU President.
. R. FRANCIS. Vice President.
A. L. SHAPLEIGH, Sd Vice President.
The Merctats-Laclede tonal Bank
OF ST. LOUIS.
Capitl, -
Surpltts jmri Undivided Profits,
UNITED STATES
FISCAL AGENT FOR THE
Correspondence or Interviews invited from banks, individuals
and corporations desiring to change or enlarge present banking arrangements.
THE capital, surplus anid profits of
A the AMERICAN EXCHANGE
BANK are over one million one
hundred thousand dollars. Its facili
ties for handling all Kinds of banKing
business are exceptionally complete
and convenient.
207 N. BROADWAY
FINANCIAL
Mercantile Trust Co,
Capital and Surplus, $9,500,000.
nova and Sella Government, State,
County, Manlclpnl and Choice Rail
road and Corporation Honda.
1 OFFERS:
Atchison, Topeka & Santa Fe
deneral 4s, 1996.
Louisville & Nashville Unified
4s, 1940.
Norfolk & Western 1st Consoli
dated 4s, 1996.
Laclede Gas 1st 5s, 1919.
Union Depot R. R. 6s, 1918.
Bond Circular sent on application.
Interviews with investors solicited.
Bond Department. Win. Folej, Manager.
ACTIVITY IN WALL STREET
HAS ONLY BRIEF LIFE.
IvERVOUSNESS OVER NORTH
ERN SECURITIES OASE.
Operators, Weary .of .Long. Sus
pense, Disposed to Do Nothing
Until Matter Is Settled.
New Tork, March 7. There was a short
lived spurt of activity In the stock mar
ket this morning and some appearance of
nervousness, owing to the general con
viction that the Supreme Court would
band down Its decision to-day In the
Northern Securities case. This supposi
tion extended as far as London and af
lected Americans there before our opening-.
Apparently the expectation was modified
before the Supreme Court assembled, and
the early declines were pretty generally
recovered. When It was definitely an
nounced that the decision would not
come to-day the market relapsed Into a
degree of stagnation that has not been
equaled before slnco the present era of
dullness set In. Northern Securities. It
self was forced down nearly 2 points In
the curb market, and then rallied when
the further delay In the case became
known.
OPERATORS DISGUSTED.
The further period of waiting and sus
pense thus Involved disgusted operators
of all classes and they refrained almost
entirely from dome anything In the mar
ket. Foreign markets reflected additional
discouragement on this market. The re
lief afforded by the successful Paris set
tlement cave way to renewed anxiety
over the beginning of the London settle
ment. The mining department was hurt
by liquidation from the Continent, Indi
cating the continued uneasiness there
Our own market was confronted with the
deflnemeat of the lines In the freight-rate
war as embracing the wide problem of
differentials as between Gulf and Atlantic
ports for grain traffic of Western lines
and between New York and Southern At
lantic ports for lake grain traffic of trunk
lines. The contentions of the various par
ties have taken on auch an air of acerbi
ty and have arrayed such powerful in
fluences as to keep alive apprehensions
of the possible contingencies which may
arise.
The bitterness of the conflict for freight
traffic gives added Importance to the tone
of the freight officials" reports of current
traffic which is of some discouragement
over the lightness of new business devel
oping. In spite of progress toward clear
ing up freight congestion, due to weather
obstacles.
BORROWINGS CRITICISED.
The policy of continued heavy borrow
ings by railroads. Indicated by the loan
expansion In the Saturday bank state
ment, thus comes In for additional criti
cism. An outlay of capital, avowedly de
signed to accommodate the heavy rate of
demand upon .facilities established by last
year's business, has Its wisdom called in
question by reason of the undeniable
rhrlnkage in that rate of business. It Is
taken for granted that the note Issues
on which these railroad borrowings are
directed are to be funded ultimately and
the future capacity for absorption of the
securities market, even after some re
vival of demand may set in. Is that far
discounted. It Is argued also that the com
paratively high Interest rate exacted by
bankers on these railroad notes Is due to
the prospect that they may be asked to
accept bonds for their extension in funded
form with the market value of the bonds
Questionable.
In the last hour of the market the short
Interest accumulated on the decline of this
morning and Saturday covered their con
tracts and lifted a number of prominent
stocks a point over Saturday. The closing
was irregular below the best.
Bonds were steady. Total sales, par
value, JI.270,000. United States bonds were
unchanged on calL
Kar Tork Moner Market.
New Tork. March 7. Montr on call easy. li
H2 per cent: eloslnjr bid IS: offered at 2: ttm
Joans easy: 60 days per cent; 90 daya 3434j
t, month 1404: prime nmmtil, paper 44Q
fcv. sterling exchange heavy with actual busi
ness In banker bills at 4.866034.8665 for de
mand snd at 4.S37SS4.S1S0 fcr CD-day bills; post
ed rata 4.845 and 4.878: commercial bills 4.835
4.83625; Mexican dollar 45o: Government bonds
steady: railroad bonds steady.
Tb Metal Markets.
New Tork, March 7. ftt tin advanced la Cd
to- 123 Its d In London, but futures there were
ncehanged at 124 5s and the local market also
unlet st recent prices, or 28828.23c for the spot
position. Copper was 2s 6d lower In London at
Ca 1? Cd for soot and f55 17s fid fcr fatnres.
jxically copper Is quiet. Lake is quoted st T2.M
rt2.7&c electrolytic snd casting st JJ.STSgi2.fB5.
t4 advanced Js Id to tlS In lvrndon and're
Tnaloed" unchanged In New York at 4.ot4.5c
fipelter"wis unchanged locally st E.OSCrS.lSc, but
advanced 2a 6d In London lofflM. Iron dosed
t Hi 14 In Glasgow and st 42s 44d In MVa
dieiboro. Locally iron was unchanged: No. 1
foundry Xorthem Is quoted st S14.7S&I5.2J: No.
GEORGB E. HOFFMAN. Cashier.
R. T. STURGEON. Asst. Cutsler.
D. A. PHILLIPS. 24 Ant. Cashier.
$1,400,000.00
903,000.00
DEPOSITORY.
STATE OF MISSOURI.
?
J&
J&
- foundry Northern at J14.25S14.75: No. 1 foun
dry Southern and No. 1 foundry Southern soft
at 813.23313.73.
New York Stock, Quntntlons.
New Tone. March 7. Following axe the high
est, lowest and closing quotations tor blocks on
the Stock Exchange, wtta the total amount of
sales:
RAILROADS.
Clou.
Balei. inch. Low. uiu.
Atchison .,
.. 12.100 ,6 ti-i Cut
.. 2S.1W VSVi 73 I4'
l
.. 2.UU 111 119 11VX.
US
sw -sii Si. m
iVJ X)i, SlU 2
SI
uo. ptd.
Baltlmure & Ohio
Do. pfd.
Canadian Pacific
Ceatfal of -V J
Chesapeake 6c Ohio .......
Ui.ii.so & Alton
Do. pfd.
Chicago fe Grt West
W 14 H!i 141,
aw liss ic iej
lS.W liSH ltoU ipi,i
"'.'.'.'. ".'.'. '.".'.'. '4
soo 2o?i auh in
1i
7W 17i 15?i 17Vj
1 ii Ej 55
24
J.t.11. 123VI lHhi
2U)
4v0 IS'i IS', lSi
I Chicago tz Northwestern.
IA. Ji, dc &t. l. .
Do. ptd.
Chicago Term. &. Trana ..
Do. pfd."
C. C. C & St, L.
Colorado Southern
Do. 1st pfd.
Do. 2d pfd,
Delaware & Hudson
Del.. Lack. & West,
Denver tc Rio Grands ...
Do. pld.
--. toj.
Ejte 5.C00 23U 22H 23
Do. ljit nd.
l.ZM ISU 61' as
Do. 2d pld
Ucct'nK Valley
Hocking- Valley pfd.
Illinois Central
Iowa Central
Do. pfd.
K. C. Sjuthero
Do. pfd.
Louisville & Nashville ....
Manhattan L
Metropolitan Securities ...
Metropolitan St. Iir.
Minneapolis & St. Louis .
Mien.. St, P. & a. ste. M.
Do. pfd.
Missouri Pacific
H.. K. & T
Do. pfd.
NalL ft. R. of Mex. pfd..
N Y. central
Norfolk Jc Western
Do. pfd
Ontario & Western
Penrsylvanla
P.. C. a & fSt- L.
Keadlns
Do. 1st pfd.
Do. .2d prd
Hock Island Co.
Do. pfd.
Pt. L. & a E. M pfd. ..
St. L. S. W. ...i........
Do. pfd
SovtlH-rn PacIHe
Southern Kallnay
Do. pfd.
Tiui & Pacific .
400 126 12G4 12Sti
19
24
17
32U.
luo i; 17
100 22 22
COO 1GW 102
102i
1,009 HHi. 142H 15'-.
"i.'i6 lii" liiii 114
S7
1W 61 a. 60"i
- lis
S.200 tS'i S7H
LlCrt 16 lit, 161,
300 Xit 3714 37
344
1.900 114H IU'4 114',
!!.: S&'t Wi S3i
.. - &J
.. 1.500 20 19i 20
.. 50,i.O 113i; 112H HSU
CS
.. I.EM 4 29 40K
70
.. 100 M K uS
.. 2.W0 20 1ST, 204
.. 1.100 60 60 6)
42
.. 14 14 12i
.. L(W 214 20ti 31
.. 14,1(0 44 42, 43
.. .1 Mil 1SS U,
... SW 22T. J rsi
T.. St. L. & West.
Do. pfd
Unlon-Paclno .......
Dn. nfd
100 24VJ 24'i 24
10.1 34k 24'i S4tt
,.. 1,400 74 K-J 7Jt;i
Wabash
Do. pfd
iw Mii, Mi, rtv
.'." 'l.'lOO 2 22Ji 23
Wlscotsln Central V. '.'.'.'. '.'.'.'.
Do. pfd. 110 4i 4B!4
EXPIID3S COMPANIES.
Adams
American '.I
CrJted States
Mell Fargo
1
IS
40
220
155
103
20S
MlSLTELLJEnUS.
Amalgamated copper .... 17.10U 4
;S STi
Am. Car & Foundry
.... jy',4
300 63H f3i K
29
uo. pia.
Am. Cotton Oil
Do. pfd.
American Ice
Do. pfd
Am. Lmeed Oil
Do. pfd.
American Locomotive ..
Do. pfd
Am. Ssieltlng- &. rtef. ..
Do. pfd
Am, uxar Kef.
Anaconda Mining Co. ...
Brooklyn Rapid Transit
Colorado Fuel & Iron .
1
NO S
M0 31
7",
S0H SO!,
9
27
2274
2.000
.... si
47U
.... . SO1,
C.T00 1244 122t 124tl
100 62 62 624
17.200 404 3S4 404
4n 30 234 304
1 uasuiiuatr! .&s .......... .i..j txj iyjx Ui
C-rn Products 900 IS'i 14i 1JU
wj ws iyw J33
Do. pfd 1.100 67!i 674 67,
Dlrtlllers- Securities 23'J
General Bleetrlc ..-. 200 1M IfO 160
Interretlonal Pspr 400 US HU 11H
Do. pfd CS
Ii erratlonsl Pump 31
Do. pta ,!;
National Lead
400 144 144 14?i
North American ... ..
Pacific Mall
Tturle's Ga
Pressed Steel Car
Do. pfd
Pulltran Palace Car ....
Republic Steel
Do. pfd
Rtbber Goods
Do. pfd.
Tenreesee Coal & Iron
t; S. Leather
Do. pfd
U. S. Realty
Do pfd
U. s. Rubber,
Do. pfd.
TT. S. Steel
Do. pfd
Weetlmrhou.e nlectiic .
...... .... .... ftl
4
I.IOO 884 S74 S'
2S
o
... 210
;wv ' , .-
41i
. jw is4 ia i
'. "im ii" 3:4 3n
SO0 7 7 7
2ft0 7S4 7 TTt;
410 74 7 7'i
200 MU 474 tO'2
', "'.TOO ii 474 45
. 6.8TI0 11 10S 10-;
. 16.300 t6 M &
! '"'200 ii" is" 7:
western union
Northern Securities IVA.
Total sales for the day. 232,700 shares.
STOCKS AND nOXDS IX DOSTO.
Boston, Mss., March 7. Closing" quotations
on money, bond, stocks and mining shares to
day ere as follows:
MONET.
Call loans 34314 per cent: time loans 4!iO
51i per cent,
BONDS.
Atch. adj. 4s 1.74 IMex. Cent. 4s 63
Atch. 4s S3 I
RAILROAD STOCKS
Atchison 66
Atchison pfd 89
Hoston & Albany. .243
Boston & Maine. ..1664
Ilo-ton Elevated ..128
Kltchburg pfd 13S
Mexican Central... 104
N. T.. N. H. & H.l9
Pere Marquette.... 77
Union Pacific 731.
MISCELLANEOUS STOCKS.
Am, Arge. Chem. .
Am. Arge. Cn. pfd,
Am. Pneu. Tube .
Am. Pugar
Am. Sugar pfd
Am. Tel. A Tel. ..
Am. Woolen
Am. Woolen pfd...
Dominion I. & a..
Edison Elec. Ilium.
General Electrl...159
Mats. Electric ... 174
Ma. Kectric pfd. 714
Maw. Gas 3S
United Fruit 97
Untteri Shoe Maeli. 46
United Shoe M. pfd 2SU
U. S. Steel 105.
IT. S. Steel pfd..... 55
Westlnghouss com. 76
74
4
1214
122
1J14
lo'i
,724
MINING SHARES.
Adventure 24 Mohawk 254
Allouez 34 J Mcnt. Coal & Coke 24
Amalgamated 41". Old Dominion 104
Atlantic 74 Osceola W?
Bingham 134 Parrot 224
Calumet Heela. Qulncy 80
4400415 Shannon 74
Centennial "16U Tamarack 90
Copper Range 404 Trinity 44
Dalr-West 344 U. S. Mining. 204
Dominion Coal .... 624 U. S. Oil ..1 f
Franklin 74 Utah 24
Grancy 24 Victoria 3
Isle Royale 7 Winona 54
Msrs, Mining. 3X Wolverlns 74
Michigan 44
Mining: Stock In New York.
New Tork. Mareh 7. Closing quotations
mining snares to-qay were as follows.
Adams Con 20 Ontario 425
Alice .25 Ophlr BOO
Breece 10 Phoenix (
Coiristoek Tunnel.... 7 Potost ...."23
Con. Cal. A Va... .15 'Savage ... 64
Horn SUver. .115 sierra Nevada Ct
Iron Sliver .200 Small Hopes 20
LesdvlUe Oon 2 Standard 250
Little Chief... 6
Assessment paid.
Dnr Sliver.
New York. March. 7; Bar silver STTic w
ounce: at London, firm. 26Jl-16d per ounce.
Treasury 'Statement.
TVashlhgton. March 7. Available cash balance
t22s.S61.6M: cold .1107.278.644. Bc0
TRACTIONS ALONE ACTIVE
IN A DULL MARKET.
UNITED
RAILWAYS
IS WEAK.
STOCK
General List Shows Little Out
side Interest and Trading
Is Desultorv.
Local securities were dull, with interest
mainly In tractions. Bank and trust com
pany Issues wero neglected. Transit was
In fair demand at SS.75 anil SS.STVi and
United Railways preferred vns on the
downturn, from JS1.S to JM.oO. The 4
per cents were easy at JTi.tfl'i.
In the miscellaneous group Hlssouri-El-lson
os at J9S.25 and Graulte-Ul-Metdlllc
at 42I3C had fair support. National Cindy
common sold higher at Jl
YESTERDAY'S SESSION.
Closing quotations:
Bid. Asked.
St. Louis Transit J 8.T5 J .&t4
Lulteu itullvMiya lueferred 60.U1 to,i
Unuea railways is 7i.!:H i.tit
Union Dtpot Railways 4a ... IH.Wi
Missouri Railway s 1OJ.&0
itcn4nics r.atiunai Cj.uo
Matt: National lts.w
UlClrdu UdS Lieut is 104.W
Jio.-Ecljon Klec Light is ... I'S.UJ .
tot. Loui ilrc.er m, larce.... t.5o
bimcions Hardware, com.... 1D0.O)
UrllU-Bl-Mctalllo 424 .43
Centnu Coal A; Cokd SI. 26 Zl.v
Suics:
15o ct. Louis Transit at.... t S.73
10 do. at s.b4
.0 Lnlted Ralmays preferred at 61.2
19 au. at tl.MJ
Iv go. at to.&o
i.UM United Railways 4s at 'tl.ti'ii
2,ouo MUsouri-Kdlson &s at bs.2
la National Candy common at 12.W
1U Uranite lil-lleiillic at 1:4
Bond Quotations tit New York.
Nev. York, March 7. Followlnr are the clos
ing quotations for bonds on the Stock Ex
ciiaRsu to-day:
United States refunding 2s. registered. 1014
United iulus rtfuncun 2s, coupon .ii
United tats s, resis.erva luo
United states s, coupon ........10d4
United Mates new 4s, regittered 13:4
Lmted states new 4s. coupon .iz?
United States old 4.. registered lv4
United States old 4e. coupon...' Uu'oz
Atchison cenerul 4s 210u
Atchison adjustment 4s Si
Atlantic Coast Line 4s 91
Raltlmore and Ohio 4s 1U14
Baltimore and Ohio 34s vl,
Central of Georgia, os l'b
Central of Georcla 1st lnc OS
Chesapeake and Ohio 4!,s ....lul
Chlcaco and Alton 34s 'lL
C. IL & U. new 4s i',
C M. i St. P. gen. 4s I0S
Chicago and Northwestern consol 7s lji,
C R. I. & P. R. R. 4H t4
C. R. 1. iz P. R. 1L col. Ss 7S
C. C. C & bt, I., gen. 4s ii
Chicago Terminal 4s 784
Consolidated Tobacco 4s. A S.4
Colorado and Southern 4s .' 84?.
Denver and Rio Grande 4s A
Krle nnor Hen 4s "A1-
Erie general 4 . M',
tt Worth and Denver City 1st 101
Hocking Vallcv 44s 1045i
Louisville and Nashville unified 4s Htli
Manhattan consol gold 4s 1034
"Mexican Central 4s t
Mexican Central 1st lnc 134
Mlnneacolts and St. Lmts 4s 96
Missouri. Kansas and Texas 4s '4
Missouri. Kansas and Texas 2ds 77
'National R. It. of Mexico consol 4s 75
New York Central gen. 34s 374
New Jersev Central general fis 1-84
Northern Pacific 4s 1G3
Northern Pacific 3s 70U
Norfolk and Western consol 4s.. j S7H
Oregon Short Xjlne 4s and partlc S1V4
Penn. cenv, 3s 9oH
Reading general 4s S5?
St. L. .fe I. M. consol 5s 113
SU L. i S. F. fg. 4,...' ,. 0
St. Louis Southwestern liti S2
Seaboard Air Line 4s (7
Soubthero Pacific 4 184
Southern Rallwav ts.. U14
Texas and Pacific lsts...... ....115
T.. St. L. & W. 4s. 604
Union Pacific 4s 1034
Union Paclflo con v. it
U. H. Steel 2d Es
,-w
Wabash lsts
Wabash deb. B
Wheeling and Lake Brio 4s.
Wisconsin Central 4s-
C. F. I. conv. Ss
Offered.
1154
.554
M
u
73
Nerr York Cnrh Stocks.
Reported by G. 1L Walker & Co.. 257 North
Fourth street.
Close. . Bid- Asked.
American Tin Can com 4H 44
Do. pfd r40 414
American Light and Traction com... 45 60
Do. pfd - 87 00
American Writing Paper com... 2U 34
Do. Dfd IS 124
Bay Stats Gas V 'i
Borden's Condensed Milk-com 116 118
Do. pfd , 1" 107
British Columbia Copper 22U II
electric Boat com 3; 4
Do. pfd 20 23
nicctrlc Vehicle com 74 S4
Greene Consolidated Ccpper. 14 10-4
Havana Commercial Co. com 27 20
TV. pfd 25 40
Interboroush Rapid Transit 1024 1034
Internal. Mercantile Marina com 44 r4
Do. pfd .... 19 20
Manhattan Transit 14 14
Montreal and Boston Copper 4 4
Marconi Wireless Tel 2 4
New Amsterdam Gas 1st s. J. & J.,
1948 105 106
New, Tork Electric Vehicle Trans.... 5VJ 6
Northern Securities 87 S74
Otis Elevator com 23 25
Do. pfd S3 90
Royal Balrtna- Powder pfd 994 IOH14
Seaboard Air Line com 94 10U
Do. pfd :... 164 174
Standard OH of New Jersey. C2. 630
St. Lcul Transit Co. com 7 3
United Street Rvs. of St. I.OUIS pfd... M C3
Tennessee Copper 30 32
Union Copper 4 K
United Copper c 9
U. S. of Mexico 6 W4 1114
White Knob Copper 7 10
Domcstlo Exchange.
Whltsker Co.. exchange brokers. No. 200
North Fourth street, auote domestic exchange
as follows:
Bid. Asked.
New Tork .... Soe pretn 40eprem
Chicago SOcprem 40c prcm
Clnelnnstl 25c dls par
Louisville Vicrtlf par
New Orleans Kcdls par
Chlcngo Stock Mnrket.
Reported by G. H. Walker & Co 207 North
Fourth street.
Blcult com 42 B 424
Do. pfd 1 1024O103
Box com 2UO 24
Do. pfd 18 3 20
Can 4 ft 44
Do. pfd 2340 24
Yecterilny's Dank Clearings.
Yesterday's clearlag-house statement showed
clearings 811,635.888, balances 32,994.270.
St, Lonls Jloney Market.
Transactions at the banks were In lirgs vol
ume and there wa a good demand for call and
tlrno loans, with discount rates arm at 5 to 6
per cent.
Ilntter and Cneese.
New York. March 7. Butter unsettled; fresh
creamery 114124.:: stats dairy 14321c Cheese
steady. 10ifil2c
Chicago. March 7. Butter easy: creameries
143724c: dairies 14g22c Cheese steady; daisies
114"4c: twins 104gloc: Young Americas
Hril4c
Philadelphia. Pa., March 7. Butter 4e lower;
extra Western creamery 254c; extra near-by
trlnts29c Cheese steady: New Tork rull cream
choice to fancy UUS114c: do. fair to good 104
tfllc.
Dried Fruits.
New York. March 7. The market for evap
orated apples In oulet with demand light, but
there Is tittle selling pressure and prices are
steadily held. Common are quoted at 4Q5c;
prime at E4fc"s3c: choice 5426c: fancy C47c
Prunes are In fair Jobbing demand and ruled
steady, with prices ranging from 34e to 64c
for all grades. Apricots are well cleaned up
and show a hardening tendency. Choice are
"uoted MiBWc; extra lOUeiOVc: fancy lOSISc
Peaches are also In light supply and firm, with
choice emoted at 74874c; extra choice 7fi
?mc; fancy 9010:.
Dry Goods.
New Tork. March 7. Dry goods buying Is of
a discouraging character and operations are
pklr to continue on a very limited scale. The
outlook for continued high prices for raw cot
ton Is not Influencing the buyer to any greater
activity, and. In fact, the higher cotton goes
the more restricted are his orders, ns he looks
for a movement In the other direction event
ually. Elgin natter Market.
Elgin. III.. March 7. Butter weak at 244c
This Is a decline of 14 cents compared with
last week's prices. Sales for the week were
427.800 lbs.
Turpentine and Rosin.
Savannah. Ga.. March 7. Turpentine firm,
Wc. Rnsln firm: A. B. C I 32.50; B 32.55-
F 82.60: G 82.65: H X2.70; I : IC 33.25; M' 83.20:
N 33.33: W. G. 33.65: iv. W. 33.75. '
Petroleum.
OH City. Pa.. March 7. Credit balances 81.84.
Certificates, no bid. Shipments 138,505. average
69 858; runs 138.834. average 74,751, Shipments
Lima 120.040. average 63,230; runs Lima 191,331.
average 49,512.
Flaxseed Quotations.
Chicago. Dl.. March 7.' Flaxseed was easy,
with prices 4c lower.. May was 81.10 bid and
March was J1.O8 nominal. No. 1 Northwestern
was 81.14 bid. and No. 1 was J1.CS bid. Rev
celpts here were 4S cars at Minneapolis 13
cars and 29 cars at Duluth.
Sngrnr.
New York. March 7. Sugar Raw firm: fair
refining 2 15-I6o; centrifugal. J test, 3 7-I60-roorasses
sugar 211-iCc: renaed firm; crushed
6.25c: powdered 4.65c: granulated 4.55c.
New Orleans, La.. March -7. Sugar steady;
open kettle 2tl3-16c: da centrifugal 34c;
centrifugal whites 4S-16C: yellows 24eSE-16c;
seconds 24873 3-16C. Molasses rjomlnal:. "open"
ksttls 20326c: centrifugal 10315c. Sirup 29825c
WHEAT BECOMES WEAK
ON RUSSIAN EXPORTS.
ARGENTINE STRIKE SETTLE
MENT FAVORS BEARS.
v
Corn Holds Comparatively Steady
' and Closes at Slight Advance
Provisions Weak at Close.
Chicago. March 7. Liberal Russian ex
ports and a settlement of the Argentine
strike caused a net loss of Iic to-day In
May wheat. July Is down 21c Corn Is
sc higher and oata Tic Provisions are
7Hc to SOc lower.
WHEAT.
Considering the weakness of cables, the
opening in wheat was fairly steady. May
was 'ic lower to tic higher, at W.ic to
SCJic while July was '.WMic lower to a
shade higher at Jl-c to y2tic The ef
fect of the downward tendency of foreign
markets was oilset for the time being by
the failure of predictions of general rains
in the Southwest. Reports from that sec
tion were more decided than before in
regard to the critical condition of the
growing plant. American crop consider
ations were soon set aside, however, upon
the appearance of the statistics for the
day. World's shipments were liberal, with
exports from Russia as large as usual.
The amount on pasrage SJiowcd a fair
increase and local und Northwest receipts
were large. Primary receipts also showed
an increase over those of n year ago.
The market eased oil under these Influ
ences, Muv declining to 95.S.C and July
to J14c. A diversion in favor of the bulls
resulted from the announcement of a re
port regarding farm reserves at the be
ginning of the present month. According
to the authority reported, the amount of
wheat in farmers' hands at that time
was 213 per cent of the entire crop, the
smallest reserves in 10 years. The pit
crowd bought quite freely on this Infor
mation. Prices as a result made a slight
response to the Improved demand. The
improvement in tone, however, was short
lived. Confirmation of the rumor of the end
ing the strike In Argentina started a sell
ing movement late in the day. The mar
ket appeared to be largely overbought
nnd little wheat was wanted. Prices
started downward at a rapid rate. Stop
loss orders came out on the decline, re
sulting in a sharp break. May sold off
to 034c a loss of 3c from tho high point
of the day, while July dropped 24c to
SSt,c Shorts covered freely in the May
option causing a rally of about a cent, but
July held near the low point. May closed
llrm. at 9ic. but July was weak at S3H5?
Slic Clearances of wheat and flour were
equal to 301.000 bu. Primary receipts were
S43.30U bu., compared with 6S5.600 bu. a ycir
ago. Th? amount on pansage increased
i352.0D0 bu.. but the visible supply de
creased 941.000 bu. Minneapolis. Duluth
and Chicago reported receipts of 634 cars,
against 623 cars last week and SSS a year
ago.
CORN.
In view of the extreme weakness In
wheat, the corn -market held remarkably
steady. There was a fair commission
house demand early In the day, due to
comparatively firm cables. Offerings were
light and mostly from scalpers. Later the
market eased off along with wheat. Tho
depression was followed by another period
of firmness resulting from the announce
ment of a private crop report on the re
serves in farmers hands.
This estimate claimed that with one ex
ception the amount of corn still In the
farmers" hands on March 1 was tho small
est since 1S9S. and indicated that the win
ter's consumption was the largest on rec
ord. The market eased off again late In
the session in sympathy with wheat, but
the close was steady. May opened H-ff
"4c lower to a Ehado higher, at 53tjc to
KJ4c and after selling between E3?5c and
M'sSottic closed at HOToSc. July
ranged between SISc and 523jc, closing at
a loss of W'Sc at S3ritf?537ic. Local re
ceipts were 1S3 cars, 4 of contract grade
OATS.
Oats were Independently strong, owing
to an active demand, with apparently lit
tle desire to sell on the part of the ma
jority of traders. Offerings of all deliv
eries were light, duo to unfavorable
weather conditions, .which prevented freo
movement jot thd crop- Tho feature of
trading was tho heavy purchases of May
by a prominent commission-house, some
reports claiming as much as 2.100.000 bu.
being taken by the one concern. The
close wasf firm, although much of tho ad
vnncn was lost. May opened unchanged
to He Jowerat41Hc to 41UC, sold between
41Hc and 42iJc and closed at 42?5c July
ranged "between S9ic and 40c. closing
H'.ic higher at Sff&VZ&Lc- Local receipts
23S cars.
RANGE OF FtrruRca.
Opening. Highest. Lowest. Closing.
Wheat-
May ....9S4r9C-; 9Ci
July .92iW32's 9246934
Julyt ...914-924 924
Sept. .87 074 874
Sept,T ..S54tfS64 S64
Corn
May '...346634 5440544
July ....61S&62 524
Sept. ...HH,til 6148514
May ..414B4 424
Juiy ... .3948294 4
Sept. .... 24 314
934 94
904 91
S.-.I- S3",
M. 4
-. i
504 604
414 424
39r. 394S3S?-
34 34
Jdess I'ors
May .... 11.35 14.35 12.83
July .... 14.40 14.10 14.05
Lard
May .... 7.45 7.474 7.20
July .... 7.60 7.60 7.424
Short RIb
May .... 7.25 7.274 7.174
July .... 7.45 7.474 7.30
Old. tNew.
13.874
14.05
30
414
7.20
7.224
RECEIPTS AND SHIPMENTS.
Articles. . , rcc. Ship.
riour. bbls 37,500 33.700
Wheat, bu. . 58.700 49.000
Cqm. bu 254.300 154.300
Oats. bu. 315.000 167.7i
Rye. bu. 12,900 11,700
Barley, bu. JC3.100 43,900
PROVISIONS.
A small runrof hogs, with higher prices
at tho yards caused early firmness In pro
visions, with small advances throughout
the list. Outsiders were freo sellers on
the advance, resulting in a weaker tone.
The break in wheat caused further liqui
dation late In the day, and additional
losses were sustained. The close was
weak, with May pork 30c lower at J13.S7ii.
May lard was off 10c at J7.30, and ribs "M
10c. at i7.17$47.20. "
Estimated receipts for to-morrow:
Wheat, B0 cars; corn 273; oats 300: hogs
30,000 head.
MARKETS BY TELEGRAPH.
New York, March 7. Flour Receipts 20.475:
exports 16.804. Continued Inactive and partly
lower ta sell. Winter straights M.gS.lO: Jlln
nesota patents 85.253.60. Rye flour quiet
Buckwheat flour nominal. Cornmeal oulet.
Rye dull: No. 2, Western S4c4o arrive Barley
easy. Wheat Receipts 33,150: exports 23.991:
WZ.S'-.Xo-J tei -w elevator: No. 2 red
!;-2? H0 bi adoat: No. l Northern Duluth
11.06?. tab. afloat: No: 1 Northern Manitoba
nominal f. o. b. afloat. Wheat opened dull and
weaker In response to lower cables and favor
able Western weather news. Including liquida
tion, but at noon had partially recovered on
the visible supply reduction and snows, bullish
figures on farm reserves. Later a bear raid
demoralized the market, however, and last
E rices showed 14024c net decline. Influenced
y reports that Argentine strike had been set
tled. May SJKctgJl.OO'j, closed 9SXe: July
95 7-16SW74C. closed 4c: Sept. flfcBSMic.
closed S74c Corn-Receipts 141.900;. exports 36
007; spot steady: No 2 nominal elevator and
6.c f. o. b. afloat: yellow 67c: No. 2 white 56c
Options were extremely dull all day, holding
steady more from absence of pressure than
from any news and closing practically net un
changed; May closed CSc: July closed 574c
oats Receipts 204.000: exports 26.215: spot
weak; No. 2 54c: standard white 544c: NoT 2
white 55c: No. 3 white 54c Beet firm. Cut
meats quiet. Lard quiet: Western steamed $7
reflned steady: Continent 17.80: South America
88.25. Pork steady; family tl(M16.50; short
clear 315.67: mess 815.50318. Tallow quiet.
Cotton-seed oil steady: prime yellow 3Jc Rice
steady. Molasses firm.
Chicago, March 7. Cash: Flour steady. Wheat
No. 3 810910: No. 2 red 91S9j!t:c Corn No. 2
K"K631e: No. 2 yellow 514c Oats No. 1 410
414c: No. 3 white 40330. Rye No. 2 714c
Barley Good feeding 3SS41C: fair to chdico
malting 43f55c Seeds Prime timothy 33; clo
ver, contract grade. 311.65. Provisions Mess
pork, per bbl.. $13.874 S14: lard, per 100 lbs.,
H7.10JT7.li: short ribs sides (loose) 87(87.124:
short clear sides (bxd.) 87.J74S7.50. Whisky
Brsls of hlghwlne J1.2S.
Kansas City, March 7. Wheat May 8143
814e: July 754e79c: cash No. 2 hard 87g89c: No.
3 823S54C: No. 2 red 8L0231.03; No. 3 J1SL01.
Corn Mav 47He; July 44S444c; cash No. 2
mixed 414r42c; No. 2 white 419414c: No. 3
40&4O4c Oats No. 2 white 495404c: No 2
mixed 3Sc Hay Choice timothy 89.50610: choice
prairie 87.25137,50. Rye Nc 2 63c Receipts
Wheat 92.8W; com 56.800: oats S.M0.' Shipments
Wheat 57.609: corn 42.400:-pata 7.000.
Liverpool. March 7. Spot wheat quiet: No. 1
California 7s 4d. Futures steady: March nom
inal; May 6s 4d; July 6s 74d. Corn Spot
American mixed new easy. 4s 4a: American
mixed old quiet. 4s 6d. Futures Ann; March
4s 4d: May 4s m. .
Minneapolis. Minn.. .March 7. Wheat May
954c; July 95Sc: Sept. S54c: on trk.. No. 1
hard $54c: No: 1 Northern S4Kc: No. S North
ern 94c' Flour First patents SS.254ro.s5; second
patents S.105.20; first clears 33.854.25; second
clears S2.S032.B0.
Duluth. Minn..- March T. Wheat In store. No.
1 hard 964c: No. 1 Northern 954c; No. J North
em 924c: to arrive. No. 1 hard 9S4c: No. 1
Northern S54c: I Northern 824c: May 954c;
July 54c: Sert, 84ic: Oatson trk. 394c
Milwaukee. Wis.. March J. w heat lc lower:
No. J Northern J8t?99r: No. Northern S7e98e:
old July ri4t14c bM.- Rye dull: No. 1 83J
SBc. Barley weaker: No.'2 63c; sample S8t7j9c
- , 9t TCa z 424745c: Julr S17.C
Peoria. March 7. Com strong: N
DM'. nr.rM, T. -nrn strong: N'. 3
M5c:
No. 3 old 44c; No. 4 3S4c Whisky on the
basis of 81.23 for finished goods. . .
Toledo. O.. Marcn 7. Cioverseed Cash ard
March 87.024; April J5.93. Alslke Prime J6.4j.
Timothy Prime 81.43.
The Visible.
New York. March 7. The visible supply of
eraln Saturday. March 5. as complied bv the
New York Produce Exchange. Is as follows:
iheat 3I.65S.MK bu.; decrease 911.000. Com 9.
157.000 bu.: increase 361.000. Oats 10.253.000 bu.;
increase 40.0)0. Rye 1.151.000 bu. : decrease 12,000.
Btrley 4.0S8.000 bu.: deciease 223.000.
St. Lonls Cotton Market.
Spot market firm at 4c higher. Sales. 170
bales. Quote:
Ordinary 134
Good ordinary 144
Low middling 15
Middling 154
Good middling 15?,
Middling fair 16
Tinges and stains 484c cfT white.
. Uatvcston siwt matket steady; middling
L 3-lCc
New Orleans Spot market firm: middling
15I4C.
MemphI" Spot market firm; middling 154c.
Receipts at principal points:
Galvejton. 1.530 pales.
New Orleais. 4.201 bales.
Mobile, 30 bales.
Savannah. 7C5 bales.
Charleston, 9 bales.
Norfolk. 5c0 bales.
Houston. 1,023 bales.
Memphis, 1.013 bales.
Net receipt at all United Slate, ports for
3 days v ere 13.273 bale-, against 21.247 bales a
week ago, and 51.914 bales in 1901 Exports. 16.
073 bales, against S7.119 bale In 19t3. Stocks,
T91.59S bales, against 710.053 bales In 1903.
St. Louis warehouse statement:
1901. 1903.
Stocks on hand Sept. 1 1,265 1L715
Net receipts 51 50
Net receipts since Sept. 1 49.200 50.191
Net Fhlpnents 100 254
Net shipments since Sept. 1 .... 21059 2fl.t"J2
Stocks on hand 22.2S ' 2.5S4
Gross receipts 3,814 2.323
Gross receipts slnco Sept. 1 403.915 617.527
Gross shipments 3.S64 2,52
Gros3 shipments since Sept, 1..2S2.7S7 604.353
Ily Teleerrnpli.
New York, March 7 Spot cotton closed quiet.
25 points higher: middling uplands 16.50c: mld
llng gulf 16 75c; sales 2.340 bales. Futures closed
steady: March 15.94c: April lS.0$c: Mav 15.2::
June 1617c; July 16.17c; August 15.57c. The
market opened at a net advance if 27645 points
on an active covering and bull support, follow
ing much better cables than expected and very
light estimates for the day's receipts, which
promised to be only about one-third of last
year's. The Initial advance naturallv attracted
heavy realizing as they carried prices to the
highest point slnco the big break last Monday,
and following the call there was considerable
Irregularity, accompanied by an Interval of
rather lessened firmness, with set-backs of from
5 to 6 points on the more active months. The
continued buying of the local bull leader, and
n good demand through commission houses, ral
lied the market promptly, however, particularly
In view of the light estimates for to-morrow'
receipts at Important points snd in the late
trading May sold up to 16.25c, with July touch
ing 16.19c, and the active months generally 40 to
43 points net higher. The new crop positions
also ruled generally firm, with December at
one time selling at 12.60c a net advance of 55
points. Tho close, however, showed the late
months down from the top under the realizing,
while the old crop positions were well up to the
list prices, and the list as a whole was flnallv
oteady at a net gain of 27 to 42 points, sales
were estimated at COO.OCO bales As a rule
Southern advices Indicated a very unsatisfac
tory demand for spot cotton and exports did not
reach expectations, though this fact apparently
had little influence on the market, which, dur
ing the entire session was dominated almost
completely by the operations of leading bull In
terests. New Orleans was said to be a moder
ate seller here, particularly toward the close.
The Initial advance was largely Influenced by
the firm showing of Liverpool spot market,
where good sales were reported at an advance
of 16 points. This was pointed to as evidencing
some anxletr on the part of British etlnners.
whose takings thus far for the season have been
nearly 250.61)0 bales behind last year's, and to
future sunnlles, but official advices from the
Southern spot markets do not yet reflect any
Increase In export or domestic demand.
Liverpool. March 7. Cotton Spot in fair de
mand: prices 18 points higher: American mid
dling fair 8.74.1: good middling 8.57(1: middling
8.45d: low middling 8.40d: good ordlnsrv 8.22d:
ordlnarv 8.12d. The sales of the day were
5.0.V) bales, including 7.S American. Receipts
l.V bales. Including 100 American. Futures
opened and closed steady: American middling,
g. o. c.: March 8.31d: June and Julv 8.25d: Julr
and Aug. S.23d; Aug. and Sept, 7.99d: Sept. and
Oct. 7.20d: Oct, and Nov. 6.88d: Nov. and Dec
6.!d.
New Orleans, La,. March ".Cotton futures
steady: March 15.41fJ15.43c: April 15.6415.6Sc;
Mav 15.94U15.93c: June 16.27316.30e: July 15.42
16.43c: Aug. 15.53ffl5.57c: Sept, 12.49813.51c; Oct.
12.5512.57c Spot cotton firm: sales 4.150: or
dlnarv 13c: good ordinary 14 3-16c: low middling
14 15-lCc: middling 13 5-16c: goo.1 middling 154c;
middling fair lCc; receipts 4.201: stock 284.236.
Essrs.
REPUBLIC SPECIAL
New York. March 7. Eggs Receipts 1L243.
cases- good demand prices ruled firm In spite of
l nfavorable weather, and practically every case
free to be sold at quoted market was out of
first hands by noon. Reports of further possi
ble delays In transportation made buyers more
willing to take on some stock ahead of Imme
diate wants, although lower prices had been
confidently expected from the telegrams coming
In at the close of last week. Dirties and checks
scarce and wanted. Duck eggs are now arriving
In quantities sufficient to demand quotations.
Western firsts 21c seconds 20c Kentucky firsts
21e. seconds 20c Tennessee) nnd Southern firsts
204c. seconds 194c- Fresh Western dirties 19c
Checks 18c Duck eggs. Western, 32034c.
Chicago. March 7. Eggs easy; at mark, cases
Included. 16U017C per dox.
Kansas City, Mo.. March 7. Eggs steady;
Missouri and Kansas, cases returned. 144o;
new No. 2 whltewocd. cases Included. 154c
Philadelphia.. March 7. Eggs firm: good de
mand: fresh near-by 21c at mark; fresh West
em 21c. da fresh Southwestern 2021c: dc
fresh Southern 20c.
Coffer.
New York. March 7. Coffee Spot Rio teady.
Futures opened steady at an advance of 10 to
20 points on covering and sprinkling of commission-house
buying, following higher Euro
pean cables and lighter Brazilian receipts both
for the day and as predicted for the Immediate
future. Importers continued selling, however,
and the demand after the first wave of buying
was light, so that the market after midday be
gan to develop a sagging tendency, and. while
steady at the close, final prices showed the net
gain reduced to a matter of 5 to 10 points.
Salec were reported of 62.000 bags. Including
May at 5.4585.55c Julr 5.7035.75c: Aug. 5.80c;
Serf, 5.93S6C; Oct. 6.05c; Nov. 6.15c and Dec
6.23i?6.30c
I"rul(s and Vegetables.
The Republic quotations are for lots In first
hands, unless otherwise specified. Small lots
cn orders are charged higher.
APPLES Per bbl.r Eastern Baldwin,
choice. 83.1093.20: spy and greening 83.25
3.40: king 34; mixed variety, choice. 32.75133;
seconds 31.7502 75: Western Ben Davis, wine
saps, wlllotwlg, rornan beauty, etc. 83.15 for
choice, 8202.25 for seconds; genetlng 82tfz.75.
TANGERINES Florida In double boxes 859
6.50 for choice.
ORANOES-norioa. brlghts or russets 83.259
3.50 per box. del.: California, navels 81.7S for
standards to 82 for choice, del.; fancy higher.
PINEAPPLE Cuban 8283 per dox. Florida
".5004 per crate.
C1RAP13 FRUIT Florida st S8.ES r.er hoi.
LEMONS California on trk. 32 for choice to
i2.252.50 for fancy, new Messina from store
S383.50.
LIMES Per 100 S1.50J32.
BANANAS Quotable 3i.2532.Es a bunch on
orders. -
COCOANUTS rer 1.000, C trie S35; Jobbing
way 34 per 100.
CALIFORNIA PEARC Eastern Buerre. per
bort 82.25; winter Nells and P. Barry 83.50
STRAWBERRIES Slow sale and weak, ex
cept on fancy, sound fruit. Florida refriger
ator stock 2tffc25c per quart.
CRANBERRIES From store: Jersey 86. and
Cape Cod 37 per bbl.
POTATOES Movement cnlr fair: on trk. In
car lots: Wisconsin rural 91895c and Michigan
83c: Wisconsin red stock 88690c: Colorado akd.
rural 9Scl; and triumph Sl.104fl.15; Northern
Early Ohio Jl.05tfl.10; Red River 81.15; rose 94
695c
ONIONS-Qulet. Red globa akd.. 81.25SL30
deL; flat or yellow less.
CABBAGE Demand only fair. New 'York
Danish and Holland seed, from 845 for choice
to S50 for fancy per ton del. On orders 34c
per lb. Red cabbage 3c per lb.: New Orleans,
new at J2ff2.30 per qt.
CUCUMBERS Eastern hothouse fancy Urn
81.5081.75 per doz. Fla. bu. bxs. 83.50t33.75.
TOMATOES Choice sound Florida 82.50S2.TS;
seconds 3232.25; Mexican ( 82; Cuba 63. ILM9
2.
BEETS Home-crown Kc per bu. loose. New
Orleans 40c doz.
LETTUCE Home-grown 25350c per bu.;
New Orleans head lettuce J2.5083.50 per bbl.
Florida choice JL5032 per hamper; off stock
CARROTS Home-grown 60-275C bu. bx. New
Orleans 40c per doz.
TURNTPS Home-grown, per bu.: Globe 750
9c: Cat 60c; New Orleans 30340c per doz.
bunches.
PARSNIPS Home-grown 60375c per bunch
and 82 bbl.
CELERY California, per crate, white plumes.
32.75, and golden heart at 33.2583.40. Celery
roots 256'40c per doz.; New Orleans 2540e per
doz. bunches.
STRING BEANS Lower; Florida round green,
choice, $202.25 per bu.
SQUASH New Cuban J1.50SL75 per 14-bu.
crate.
SWEET POTATOES Bermuda 601rS3c Queen
C0i?7Cc; yellow Nansemond 85c; red Nansemond
SPINACH Steady: New Orleans 15S20e per
doz. bunches: Louisiana 83 per bbl.
SAUERKRAUT City make: Kegs J1.2S- half
bbls. 84: bbls. 37.50 and casks (4S gals.) 313.
HORSERADISH Choice 5767.50 per bbl. on
orders.
BRUSSELS SPROUTS-Cholce at 25c per
quart.
LEEKS New Orleans 2020c per doz.
bunches.
SPANISH ONIONS New 81.25 per crate.
CAULIFLOWER California 81.50 per crate.
RUTABAGAS In balk 45c bu. del.
PARSLEY New Orleans curly 40350c per doz.
and plain 25c per doz.
RADISHES New Orleans, per doz.. 13S25c
for red to 35c for white; Louisiana 15tf25c per
doz.; 50375c per 2-3-bu. box.
SHALLOTS New Orleans 406500 per doz.
bunches; Louisiana, small, 30c and larjs 40c
per do,.
tiUlfc5cw imeiuis eZ.HO per DD1.
ML'STAKD GREENS Louisiana and N
Sew
urieanB dmM. per uux.
KOHLRABI New Orleans 40c per doz.
bunches.
PEPPERS Florida 6s 8383.50 for choice:
Mexican 82.5033.50: Cuban 8232.50 per crate.
GUMBO Florida 33.50 per c-basket crate.
EGGPLANT Florida at 3435 per 14-bu. crate.
Hides.
Quote dry flint: Texas butcher (16 lbs. and
over) at 164c: fallen at 154c: all Texas light
(under 16 lbs.) at 144c: native and Arkansas
at 134c (latter on selection 16c for No. 1 and
14c for No. 21: glue at 9c; dry-salted at 13c:
green-salted round at 74c: good Missouri and
Illinois 74c: green-salted on selection at 84e
for No. 1 and 74c for No. 2: bulls ordead green
lc less: glue 4Uc. Horse hides Green No. 1 at
sz..; .n. i.(; roiij, ponies anabices at 81;
SUMMARY OFST.
Wheat values were under heavy selling pressure toward the end of yesterday's
session. Honors were about even until atound noon, when bearish conditions were
worked for all they were worth in a successful effort to break prices. .Weak cables
and the reported settlement of the strike in tho Argentine, where railroad transpor
tation had been held up for several days, were the principal arguments for the selling
side. The bulls, on the other hand, had reports of drought in the Southwest and a
decrease In tho visible supply, but late in the session it became more and more ap
parent that bearish manipulation was affecting the trend of future values. Lack of
outside support was rather discouraging to the longs, many of whom had added to
their lines in expectation of a continued nonprofessional demand. Snow's report on
the farm reserves was bullish, but it had little effect in checking the decline. The
selling rush came In tho closing hour, when immense lots of wheat were dumped on
tho market and holders of the May option fell over each other in their efforts to let
go. War news cut practically no flgure in the day's trading. Reports tiiat No. I red
sent from St. Louis to Toledo had been fcund to be below grade also had a bearish
effect.
Corn was dull, but easy. In line with wheat, after an early advance. The close was
the same as on Saturday. There was practically no outside Interest.
May wheat opened ic off and closed 34'03:sc oft.
May corn opened He off and closed unchanged.
May oats closed ic up.
Receipts of produce were fairly large and prices of fruits and vegetables were gen
erally easy.
Local securities were dull. Transit had moderate support and United Railways
preferred closed sharply lower.
Yesterday's bank clearings were Jll,C3o,ESS, balances $2,994,370. Discount rates were
steadybetween S and 6 per cent.
Spot cotton was ftc higher in the local market.
FUTURE VALUES SLUMP
ON HEAVY LIQUIDATION.
BULLISH STATISTICS IGNOR
ED BY TRADERS.
Settlement of Argentine Strike
and Lack of Outside Interest
Are Depressing Factors.
May wheat broke nearly 4e in yester
day's market. There was an early at
tempt to maintain values on bullish sta
tistical reports and prosepects of drought
in the Southwest, but weaker cables and
statements that the railway strike in the
Argentina had been settled favored the
selling side. There was a rush to let go
In tho last hour, and the close was de
cidedly weak.
The visible supply of wheat the past
week decreased 941.CO0 bu.. against a de
crease of 1,060,000 bu. In 1903. St. Loul3
stocss decreased ISS.uOO bu. and Chicago
decreased 15.WK) bu. Total visiole suuoiy
j;l.tc3,wj bu., as against. 3J,5x),tJO bu. a
Veek ago and 4ti,75i,O01 bu. in 1Vj3.
worm a bhipment of wheat to Europe
the last ueeK reported at 10,H2,Ow bu-,
against lO.Dwi.vuO bu. a week ago and 9.SU.
Ouu bu. in 19U3.
Wheat on ocean passage afloat for
Europe the rast week estimated at 3S,8a0,
(M) bu., against 5,iCU,0U uu. a week ago.
Increase i.L.D.otX) bu.
The Orange Judd Farmer said: "Stocks
of wheat in farmers' hands are reported
at IS7.O0U.0W bu., against lSb.UUO.H'O last
year. The percentage of the crop thus
held is placed at 2.3, or the smallest re
ported in ten years. With the exception
of 19ul tho aggregate thus held is the
smallest since 1437.
May wheat opened ic off and sold at:
93c. 934c 93C 92?iC 9i4c 924c S24C 924C
92c 324c 9J4C !"C. 9:4c, Sat 92C S14C
914C. S14C, IKc 914C, 914C. 914C 91c KOfrC
wr.c sw4c ao4c wc k9c s9rc 9hc c
Wise
Corn had little outside support. Though
statistical news was bullisn there was
not enough buying interest to cause an
advance and the close was barely steady.
The visible supply of corn the past
week Increased b49,ouO bu., against a de
crease of L072.GOO bu. in 19UJ. St. Louis
stocks Increased 1(9,000 bu. and Chicago
increased 232.O0O bu. Total visible supply
9,177,0W bu., as against b.7W,0U0 bu. a week
ago and 1L29UC0 bu. in 1903.
World's shipments of corn to Europe
the past week reported at 3,937,000 bu.,
against 2,473,uu0 bu. a week ago and 4,
32?,0u0 bu. In 1903.
Corn on ocean passage afloat for En
rope the past week reported at 3,365,000
bu., against S,E00,WW bu. a. week ago. In
crease 765,000 bu.
The Orange Judd Farmer in Its annual
report on the farm reserves of grain
roaKes tne iaimers stocKs or corn on
March 1 83,000,000 bu., or 36.5 per cent of
the crop. Last year the reserve at this
date was 1.063,000,000 bu. The present sup
ply Is the smallest with a single exception
since 1S9S, and shows the consumption
during the past twelve months the largest
on record, or more than lOo.OOO.OuO in ex
cess of the crop grown in 19u3, which was
the second largest on record.
May corn opened He orf and sold at:
,ri5'"cVsu&-4Sc'.?Fc- WC" " .. 3)4C.
45J4C. 46c. 4., c 454c. 454c 454c 434c 454c
45C
Receipts of wheat at St. Louis 100.809
bu., or which 9t cars local and 18 cars
through, against 42.721 bu., of which 1S7
sks. nnd 41 cars local and 6 cars through,
in 1903.
Receipts of wheat at primary points S03,
000 bu.. against 5S4.00O bu. in 1903 and ship
ments 225,000 bu., asalnst 233,000 bu.
Northwest received COO cars, against 6U
car- in 1903. Chicago received 68,710 bu.
and Kansas City 103,500 bu. Clearances
135,000 bu.
Receipts of corn at St. Louis 130,500 bu.,
of which 112 cars local and 33 cars throufh.
against 178,000 bu.,. of which 145 cars local
and 53 cars through In 1903.
Receipts of corn at primary points 431,
000, against 590,000 bu. in 1903. and ship
ments 302.000 bu., against 411,000 bu. Chi
cago received 254.235 bu. and Kansas City
3.900 bu. Clearances 116,000 bu.
Receipts of oats at St. Louis 122,550 bu.,
of which 74 cars local and 17 cars through,
against 152,650 bu., of which 95 cars local
and IS cars through In 1903. Shipments
63.275 bu.
Tho Orange Judd Farmer says: "The
oats reserve Is given at 258,000,000 bu..
against 369.000.WIO bu. last year. This Is
the smallest percentage of the crop and
the smallest aggregate held In ten years,
except In 1902, following the short crop of
1901.
Receipts of oats at primary points 712,
000 bu., against 377,000 bu. In 1903. and ship
ments oi.uuu du., against sov.vuu du. clear
ances 2,601 bu.
The visible supply of oats the past week
Increased 40,000 bu.. against an Increase
of 204.000 bu. In 1903. St. Louis stocks' de
creased 13,000 bu. Total visible supply 10,
254.000 bu.. against 10.213,000 bu. a week
ago and 7,002,000 bu. in 1903.
Cnsb. Grain, Flour, Etc.
TCHEAT By sample, del.: Nc 2 red at 51.034
1.064 local and Jl.C6Sri.07 destination; No. 3
red at 99c for Western to 31.0331.034 for nu
by; No. 4 at 83c and choice worth 97c: No. 2
hard at 85c to 92c for Turkey: No. 3 hard at
82c to 90c; No. 4 at 75981c; No. 2 mixed at
93395c: No. 3 do. at SS3VC; No. 3 wMtt spring
at 9SKc; No. 2 do. worth 81.0181.02.
CORN Local basis: Nc 2 and No. 2 yellow
at 45c; No. 3 and No. 3 yellow at 42Sf42"ic: No.
2 white at 464iH5c- Nc 3 white at 4f342Hc:
mixed ear at 43c Destination: No. 3 at 42-Q
43c: No. 4 at 36433S4c: no grade at 35c: No.
3 yellow at 414343c; No. S white at 424rU4c
and poor at 40S414cNc 4 white at 3S4pl0c
OATS By sample on trie.: No. 2 at 421424c
and choice at 43c: Nc 3 at 404341c and must
proof 43c: No. 4 at 393140c: No. 2 white at 454c;
No. 3 white at 434S4c; No. 4 white at 40S4JC;
shipping ports at 41c
RYE Nominally 72c for Nc 2 and 6Se for
FLAXSEED Spot nominally tl.03.
FLOUR Prices for soft winter in wood: Pat
ent 85.3015.40; straight 85.1535.25; extra fancy
S3n5.10: clear 84.2084-25: low to medium S2.75SS
3.25 In lute Hard winter In lute sks. Patent
Jl.aa4.50; straight S3.80I34: clear 83.3503.IK): low
grades 32.7533; spring patent at 84.8034.99 In
bulk.
RYE FLOUR Pure, lobbing way. at 83.55 In
lute sks. and S3.E5 la wood: mixed and Inferior
less.
CORNMEAL. ETC. F. o. b.; City meal JIM;
grlt3. hominy and pearl meal 82.60.
BRAN Hard winter mixed feed sold in 100s
at 90c and that bid for hard winter bran, .with
sale of soft winter bran at that, but soft win
ter mixed feed In 100s salable at 92393c; mid,
quiet st 92c to 3105: at mill bran sells at 90o
and ships at 11.10. . .
HAY Market basis E. trk.: Timothy Choice
813- No. 1 S1L50312.50: No. 2 J9S11: No. 3 J6S
8. Clover No. 1 810; Nc 2 J8S9: clover, mixed.
J10S10.50 for light and J4.60S9.50 for heavy
mixed: choice No. 1 S339.S0: No. 2 SSgS.50.
STRAW Wheat snd oat. on trk.. J7.
LEAD AND SPELTER-Lead at J4.424.
Spelter J4.80.
WHISKY On basis of J1.214 for highwlnes.
St. Lonln Fntnre? Prices.
Closed Ranged
Saturday. Yesterday.
...934 b 894S934
...864-864 b 844fpi4
...45Z 454.34iJ
Closed
Yesterday.
894890 b
85
434
48 b
414
Wheat My
July .......
Corn May'..
July
Oats May ..
..i-4a f373!
?4J4
...we.
Stocks
of drain
Yesterday.
...4.745.909
.., 666.641
... 8C.014
... 10,481'
... 14.444
In Store
Saturday. Last Yr.
4.767.630 3,25a,54
656.763 C01.O73
108.676 114.604
9,873 35.920
' 1S.178 7.293
4.053.174 L093.362
322.892 29.167
244.268 214.721
3H.469 37.US
wheat
Corn
Oats
Kye
Barley
Nc 2 red wheat .
No. 2 nard wheat
Nc 2 mixed corn
Nc2 white com .
N". 2 yellow com
rio. 2 mixed oats .
Ncsrys
.4.011.981
. 319.5SS
. 253.242
. 76,357
. 172.422
. 1S.OS
. 3,353
168,265
44,032
16.293
6.392
Prodnce.
Butter Higher for best grades- Creamery
Extra, 27c: firsts 2332 lc: seconds 11820c Ladle-
LOUIS MARKETS
packed Extra ISc: first 15c. Dairy-packed
Fancy 191J2W:: poor to fair 15c. Country roll
Choice 13c; packed and ordinary ll-c; greasa
stock 4fe3c.
Eggs Received 4.474 pkgs. local and 2.75S
pkgs. through; shipped 2.57., pi-gs. . market 15c.
tae count.
Cheese Northern, on orders: Twins at lie;
singles 114c; daisies 114c; Young Americas
114c: long horns H4c; New York twin llrv
limburger llfrl2c; poor 7&9e; Swiss 15c for
choice. No. 2 at 10-JlJc; brick 123124c
Curb Grain Markets.
St. Louis July wheat S5c bid. Puts 844e to
Slc. and calls S3.c to S5T6S6c.
Milwaukee May wheat 1-uts 92c bid and
calls 954c
July wheat Puts 54c asked and calls 924c
May corn I-uts 524c and calls 514c.
July corn Puts 514c and calls 524c asked.
Minneapolis May wheat 95c asked. Puts
944c and calls 974c
Provisions.
Tork. f. o. b. New standard mess In lobbing
way closed nominally at JI3.97'-
Lard Choice steam on E. sl.;e closed nomi
nally at 6.75c: kettle-rendered 748S4c
Gieen Hams. Etc-Car lots held "t. c b. E.
side thus: Hams 10-av. at 94c; 12s at 4c
14s and 16s at 94c; IS, at 54c 20s at lu2J
Skinned Hams 16j and 1S320, ltac- 22824s at
104c; Callfornlas at 64364c; New Ycr shoul
ders (10312-av.) at ic From the block. deL:
1 lams at 9c to 94c for ran of house; bellies at
t? t.?'z?. a ln average; Callfomlas at 6c
New York shoulders at 6c
D. p. Meats To arrive, loose cured earths
closed nominally; 4j43-av. at 7.30e and f,0-av
7.23r. c a. f. Bxd. lots In Jobbing way ranged:
F,xt- '",' at THr- c'nba' J,-i "ort clear
at ,4c. bellies at Sc to 9c, plates at c, fat
backs at 64c standard backs at 74c Orders
charged higher.
Bacon Bxd. s. c meats ln a Jobbing wa!r
ranged: Breakfast bacon at irom 10c for heavy
,?JHe, ,or choice llgat: hams at Uc to 12c?
California, at 74374c: New York shoulders r
4c Plain tracked bid. lots ln a Jobbing war
ranged: Extra shorts at S4c: cribs at 84c
short dear at 54c: bellies at 94c to 104c:
Plate, at 74c; fat backs at 7Vc? stands
backs at Sic Dealers charged higher on or-
Oleo-Stearlne Nominal at 7374c
Tallow Firm. Country No. 1 run at Sc: No.
2 do. at 4Uc: rake at 54c Packers' prlmi
nominal at 54354c
Grease Quote small Irregular lots country
Brown 34c yellow 34324c. and whlto 44c to
14c latter for choice. Quote packers- stock,
nominally Brown 4314c yellow 44344c. wklti
?4J54C
beef-On orders: Bbld. Plate J7.50; roll and
Fulton Market J9.S0: mess J9. Dried, per lb.
Sets 104c: lnsldes 14c; knuckle 13c: outside sc
Tongues 124c to 144c per 10.
Live Poultry Turkeys: Average receipts 12c
Chickens Hens and young sound lQUc Old
roosters 5c. Ducks 124c Geese 6S7c Capons
(Sgio lbs.) 16c: capons, light. 12815c Guinea
chickens, ner doz.. J2. Live pigeons and squabs,
per doz.. 75c
Dressed Iced Poultry Turkeys: Choice of light
medium at 15c: choice heavy at 13c Chickens,
spring or hens at lo-S104c: roosters at 6c Ducs
l'c Geece 739c Foregoing figures for .choice
only.
Game Ducks, undrawn, per doz.: Mallards
82.50: bluewlng teal 82.50: gTeenwIng teal 82;
mixed and wood 81.25. Jacksnlpe 11.25. Rabbits
Choice fresh, per doz., 50c' Opossum, each.
15c to 40c
Fresh Fish Black baas at 12c: crapple at (a
for small ano 8c for large; dressed cat 9c; spoon
bill cat 64c. Bullheads Dressed Sc and gross
3c. Buffalo Gross 3c; dressed 5c German carp
Dressed 4c; large gross 2ic and small dressed
Sc; sunfish 3c: white perch 2c.
Veals Quote at 53354c per lb. for choice to
fancy, heretics and thin at 3'34c: sheep st 29
sue: old bucks and ewes at 24?3c; lambs at
Ti 54c thin Iambs not wanted.
Miscellaneous Mnrkets.
GRASS SEEDS Quote current reeelnts of
country lots, per 1C0 lbs.: Clover at 35 to J10.25:
timothy at J2.50 to J2.75; redtcp at Jl to 85.50;
Hungarian at J1.25 to Jl.oO: millet at 0c to 1.25.
Ordera are charged higher.
STOCK PEAS Whlppoorwlll selllnr at 31.30
to 31.35 per bu. Other kinds nominal.
SORGHUM CANE SEED Latest sale at 91s
per 100 lbs. for poor to 81 for prime".
ONION SETS Latest sale at JI.I0 per bu.
SUNFLOWER SEED Quote S2.50 per 100 lbs.
HEMP SEED Latest sale at 82.75 per 100
lbs.
CASTOR BEANS J1.40 per bu. for prims in
ar lots on trie; J1.25 for small quantities.
WH1TM BEANS On E. trio, ln car lots,
-holes hand-picked pea offered at J1.S5S1.96 per
bu.: machine-picked at J1.M71.S7. and prime
at Jl.703i.75. From store: White beans at JL9
to JS-05 for choice n. p. pea: poorer grades lessf
Jama 4344c per lb.; lentils at 4344c; California'
pink at 34c; blackeye at Jl.65nl.70; split peas
at $2. and Scotch at 31.25 per bu-
DRIED FRUIT Quote: Apples Sun-dried
quarters st 34c to 4c: evaporated at 435c: cores
and peelings 14814c; chops 14314c Peaches
at 34S 34c
FEATHERS Prime white live geese ln small
sks. 5&c and ln largs sks. 66c: prime gray dc
lc In small and 40c In large sks out whits
434c: X 3036c: XX 22Cic: XXX 14316c:
NXXX 6c: tare 10 per cent on small ska. and
Sc on large. Duck White 42c: dark 20c Tur
keyTall 20c; wing 9c: pointers 5c: wing and
all and pointer, 8c: body (dry) 5c.
ROOTS Per lb.: Ginseng at 84.60 to J5: stsm
mr. weedy, etc. less: lady slipper 8c; seneea
t5c: pink 13c: golden seal c: black 44c: May
apple 5c: snake 35c; white snake worth 24c:
angelica S36c: wahoo. bark of root 8c: bark
of tree 24c; blood 6c: blueflag 3c: sasafras bark
of oot 5c; wild ginger 7c
SHEEP PELTS Full wool pelts TtcBSl:
shearing 10c to 35c: Iambs at 30c to 50o; dry.,
fallen, etc. 10311c per lb.
BEESWAX Unchanged at JSe per lb. for
LINSEED OIL Quotable at 40e per gal. for
raw and 41e for polled: lc per gal. less on car
lots.
POP CORN 100 lbs., on cob. white Rice Jl
L10: mixed at 75c
SCRAP 7RON AND METAL-Wer 1M lbs.:
Wrought Iron 45c: heavy cast 40c; malleable
steel and breakable 40c: stove S5c: light brass
85: heavy brass 39: copper 19: zinc S3; lead
JX50: powter SC ., .....
SALT E. side medium at SI: eranulated Ma
per bbl.: 5c more per bbl. this side.
BROOM CORN Quoted at J55 to J1W per
EMPTY BARRELS Coal clL turpentlfl and
gasoline. J1.05: vinegar 70c: black oil 60e: Un
seed, light and varnish 80c: machine 80c; su
gar 15c: whisky 80c: dc half bbls. 0c: wlas
Jl; sauerkraut 20340c: plekla 40350c: flour ISc:
molasses 30c: lard tcs. 45c: 25c off fcr each
broken head: 24c eacn noon missing.
RAGS. ETC. Per 100 lbs.: Country rags at
75c. Old rope No. 1 manlla at S1.25: No. S at
50c Rubbers at S5S3.S0.
PEANUTS Farmers- stock, per lb.: Red I!4
32c: whlw at 24324c
CHESTNUTS Italian at Sc per lb.: Virgin!
at 12c
PECANS Western at E4c: Texss at SSc
DRIED FRUITS Quote nominally: Apples
Sun-dried quarters at Sc to 34c; evaporated at
4c to 5c: waste at 14 to 14c Peaches at .34
tfS4c
MAPLR SUGAR Quote at 8c to lc per lb. 1
HONEY Comb at 10c to 12c: choice Colorado
at 14c: strained and extracted at 4S44c ln bbls.
snd 5c in cans.
COOPERAGE Quote cn orders for prompt
delivery: Lard tc. 31.50 for wood-bound. SL424
for 6-hooo Iron-bound and 31.474 for 8-hoon dc:
oak pork bbls-, J1.50 for wood and J1.20 for Iron
bound: ash pork bbls.. 11.20 for wood-bound:
oleo tcs.. 11.50 for 8-hoopr kraut bbls.. Jl: dc
half bbls. 7cc: do. kegs 50c: do. casks. JL4J:
slack-wcrk bbl". 8-hoop flour 42c: 6-hoop do.
40c: round-hoop dc 43c: S-hoop sugar 46c: 6
hooo da 43c: mill-run apple 35c: Nc 2 do.
20c: meal 31c: C-hoop lime 28c: 4-hoco do. 28c
Wool.
Mo. and 111.
Med. comb. &
cloth mid, -.21
Med. tleeces).20 3204.
Med. (loose) ..IS 184
Burry IS 0154!
Hard hurry ...11 3114
North, se Western
Bright med. ..19 20
Dark med. ...15 Hit
Light fine ....14 B154
Heavy buck -.10 S12
Tub-washed
No. 1 S04?n
No. 2 .24 24ti
Burry 20 321
Angora Goat Hair
Lone 24 625
Short 22 323
Low and burry less.
Clothing 20
liw X. nra.ia is
320
Burry & clear.lTHSU
Ilcrrv 17
Haru nurry ...
Light fine 16
Heaw fine ...14
S134
174
fell',
6184
Lamb 13
Tex.. I. X.
Sr Ok.
Med.. 12 mo.
.is tra
lied., CSS mo.l, 3134
Coarse & low.. 14 &15
Light fine 14 C164
Heavy sandy .10 12
Ark. & Southern
Fnrs.
Raccoon
Nc 1 large ....
No. 1 medium
No. 1 small ..
No. 2
No. 3
Nc 4
Mink
No. 1 large ...
No. 1 medium
Nc 1 small ...
No. 2
No. 3
No. 4
1 Opossum
tNo. 1 large ...... 61
;."o. 1 medium ... SO
90
67,
50
50
20
10
L70
LIS
80
70
15
Nc 1 small and
2s IS
No. 3 S
Trashy worthlesr.
Red Fox
Nc 1 large 2.M
No. 1 medium .... L5S
No. 2 1.00
No. 2 SO
No. 4 ..........1$2
Gray Fox
No. 1 large 73
N.o- 1 medium ... )
No 2 -. K
MCunx
(Prime, as to sizeji
Black .70373
short stripe -55JG0
.No. 5 ... 2S
Narrow stripe
Broad stripe ..
Texas
Terrltnrr .....
NO. 4 ..... .......... IS
Otter-
Nc 1 largs .liatt
nn. 1. meoiunx
,. too
Blue or unprime less.
Wild cat 10330
Civet cat 25
Badger ............ 5325
House cat ........ 5315
Muskrat 13I
Bear ......81312
Nc 2
NO. 3 ........a,
Nc 4
Wolf
1W
Prairie; round ...SOfftl
Timber smtlsa
iBeaver ......lii7.M
Northern 50 per cent mora than fortcclss.
-- -.... !&?&