The St. Louis Republic. [volume], December 08, 1904, Page 9, Image 9

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

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

                
- a- e . - ,
THE ST.-LOUIS REPUBLIC: THURSDAY, DECEMBER 8. 1904.
FINANCIAL
VIOLENT SLUMP IN STOCKS
STARTLES SPECULATORS.
FINANCIAL
iVsWty.yvVtytt.Vst)rstvv.v.. ffjujfififf niiir
IMMAMMMMAMMMVWVWVWWWWM
MAAAMWMWMAMAMMMAIMAMMMMAAMAMMAAMAAMAMMAAAAAMMWVWVt
' Official Statement of the Financial Gonditien of the
MISSISSIPPI VALLEY TRUST COMPANY
At St. Louis, State of Missouri, at the Close of Business on the 30th Day of November, 1904,
RESOURCES.
Loans undoubtedly cood on collateral security J S.riOO.TSf. SS
Loans undoubtodly pood on real estate security 31&,a75.i:
Other negotiable and non-negotiable paper and investment securi
ties at present cash market value 1,071,731.41
Overdrafts by solvent customers 25!i.0R
Bonds and stocks at present cash market value 7,G42,'J33.V$
Real estate (Company's oillce building-) at present cash market
value
Other real estate at its present cash market value 495.41.00
Furniture and fixtures..,.
Safetv deposit vaults 72,000.00
Due from other trust companies and banks, good on sight draft... 4,01S,5D1.1S
Checks and other c.isli items ;;3,17.1.2S
C.ish on hand feurrency, gold. silver and other coin) 2,10.1.7S1.41
All other resources ;o,72!..7S
Total $24,506,623.23
LIABILITIES.
Capital stock paid in 5 .1.000.000 Oft
Surplus It.r.uO.OOK.OO
Undivided prolits, less current expenses and taxes paid l,Sl?,nD0S3
Deposits subject to draft at sight by trust companies, banks and
bankers a,000,r.09.02
Deposits subject to diaft at sight by individuals and others, in
cluding demand certificates of deposit 7.07S,SCS.!S
Time certificates of deposit 1,96.41S.-.1
Savings deposits 4,193,5ti!i.i0
Debentures and real estate mortgage bonds
Hills payable
All other liabilities B0,!SG.73
Total $24,506,623.23
Total liability on surety bonds J4.530.40S.77
State of Missouri, ( ..
City of St. Tenuis, f--
We, Julius S Valh. president, and James K. I!ro;k. secretary, of the Mississippi Valley Trust Company,
do solemnly swear that tho above statement is true to the best of our knowledge. and belief.
Jl'LIUS S. WALSH, President,
JAMES K. BROCK, Sccrctarv.
We. Chas. A Cox. J. Mullnnphy Gates and James T. Druininoiid. stockholders of the Mississippi Vall-y
Trust Company do solemnly swear that wo have ra.nl.' thorough personal examination of the books. ,iape-i,
property and affairs of said corporation, and that the above statement is true to the best of our knowledge
and belief. CHAS A. COX.
J. Ml'LI.AXPIIV CATRS,
JAMES T. DHDI.MOND.
Stockholders.
Subscribed and sworn to before me tills 7th day of December, nineteen hundred and four. Witness nv
hand and notarial seal tho date last aforesaid. (Commissioned and qualilled for a term expiring May 4th i90S )
local j J. ii. kulualuu, .Notary I'uuuc.
STATEMENT OF THE CONDITION
OF THE
COMMONWEALTH TRUST COMPANY
NOVEMBER 30th, 1904.
ASSETS.
Time Loans $ 5,165,059.40
Bonds and Stocks 1,062,460.00
Real Estate (Office Building:) . . 700,000.00
Other Real Estate 488, 644.39
Other Assets 45,249.61
Overdrafts 7,940.40
Call Loans $3, 689, 758. 00
Cash and Exchange, 4,726,451.37 8,416.209.37
LIABILITIES.
Capital $ 2,000,000.00
Surplus 3,500,000.00
Undivided Profits 351,730.94
Dividends Unpaid 370.00
Other Liabilities 55,000.00
DEPOSITS 9,978,642.23
$15,885,563.17
$15,885,563.17
TOM RANDOLPH, President.
A. D. BROWN,
Pres. Hamilton-Brown Shoo Co.
GEO. O. CARPENTER.
Resident Manager National Lead Co
ll. M. COUDREY.
Harry M. Coudrey & Co., Insurance.
THOa W. CROUCH.
Pres. St Louis Dressed Beef and
Provision Co.
8AFFORD a DeLANO.
Treas. Amcr. Car and Foundry Co.
a M. DODD.
Pres. Mo. Edison Electric Light and
Power Co.
SAMUEL C. DAVIS,
Capitalist.
ALBERT N. EDWARDS.
Vico President.
DIRECTORS:
EDWARD r. GOLTRA,
Pres. Sligo Furnace Co.
JAMES GREEN,
Pres. Laclede Fire Brick Co.
RUSSELL HARDING,
Pres. Pere Marquette R. R. Co.
EDWARD HIDDEN,
Tresis. Pioneer Cooperage Co.
SAM. M. KENNARD,
Pres. J. Kennard & Sons Carpet Co.
a G. KNOX,
Vico Pres. St. Louis Nat'l Stock Yds.
HEJvRY KOEHLER. JR.
Pres. American Brewing Co.
A. W. LAMBERT,
Treas. Lambert Pharmacal Co.
BLTAS MICHAEL.
Yico Pres. RIce-Stlx Dry Goods Co.
LAWRENCE B. PIERCE.
Vico President.
EDW. L. PEEETORIUS.
Treas. German American Press Ass'n.
J. L. RANDOLPH,
Director Merchants' and Planters'
Bank, Sherman, Tex.
TOM RANDOLPH.
President.
OTTO F. STIFEL.
Pres. Union Brew ing Co.
L. B. TBBBETTS,
Capitalist.
M. B. WALLACE. .
Gen'l Mgr. ard Third Vice President
Samuel Cupples Woodenware Co.
C. G. WARNER.
Vice Prs. Missouri Pacific Ry. Co
LIVE-STOCK MARKET.
Tfatlre Supply Moderate Beef Cattle
Steady Sheep Hold Finn.
NATIVE CATTLE-Beef Steers The. native
steer market was characterized by the same ir
regular basis which has ruled the market for
the past week. Sales during: the day showed
some stronger, while others developed a weaker
basis. As a, whole, the trade clsplaved com
paratively little chance, ruling generally on a
slow, steady basis, and but little If any differ
ent than last week's close.
Choice to prime finished beeves have been
a scarce article for some time, though, while
am pretty good grades hare ben offered, the
bulk of the supply has embraced a common to
just medium class of fed steers. One good. use.
ful load sold at 35.20 to-day. with a decent
class of steers ranging around J4.K5J5. One right
good Jot of long yearlings sold at $3 3). while
the bulk of sales ranged from 33.S03t.54. tin
bracing common and medium grades.
BEEF AND BUTCHER STEERS.
Av. Pr. No. Av. Pr. No. Av. Pr.
.Ute...t5.:0 7...1I71...13.10 n...HM...$3 OO
IUM... 4.S5 Z3...133I... 4.K3 1J.:.I331... 4. SO
4..0 1Z...1Z16...
4.35 1...1030...
4. CO 1... too..,
J.7S i... S3...
t.'o 2...iu:..
4.SJ 3E...12S2...
4.S0 39...1130..
4.30 11...1010..,
3 W II... 9S1...
J.C5
No.
19..
25.,
54..
n..
4..
17..
1S...113S..
32...1223..
22...11I9..
37...1214..
K. ..1130..
24...1051..
.1235...
.12EJ...
.ISO...
.1014...
4.C0 6... 518... 4.40
4 JO 2...100S... 4.13
4.00 19... SCO... 3.S0
3.70 23...1113... E.21
5.00 22...13O0... 4.S5
4.M 21...123S... 4.M
4.33 XI... SS7... 4.3)
4 00 30...10M... 3 S3
3.75 17...1041... 3.70
Butcher Cottle The butcher market did not
develop the activity of Tuesday, owing to the
ract that the outside competition was of very
light proportions. Therefore, a good deal of
slowness prevailed, and with borers acting In a
-very Indifferent manner salesmen found It
more difficult In dltposlng of their supply. Still
there was not a great deal of chance In priced
Some untTenness was shown, which tended to
weakness, good cows and common, shelly cau
ners meeting with this unevennees mostly. The
supply of good cows was not near as large an
yesterday; and, while the bulk of the heifers
were hardly as good, the tops averaged a shade
better.
Good to choice cows sold from 1.S3?3 S3,
with the bulk of good cutters and medium
beef cows at $2.3302.70. Good canners sold
mostly around 32. with sales of common, shelly
grades at SL23QL75. Choice fed heifers sold
at 3404-40, and a cholca bunch of grass ones at
n.to. bulk of sales running from 3S.75SS.40 for
medium and pretty good kind.
HEIFERS.
No. Ar. Pr, No- A v. Pr.
1... WO.. .14.00 31... M7...SJ.FO
1... 710... 3.S3 1... 430... 3 CO
e... 706... 2.30 9... 753... 2.73
4... SS7... 4.40 6... CM... 3.40
S... 7SJ... 2.23 2... 935... 3.04
17... 849... 2.M 2... 559... 2.75
Kd Ar. Pr.
... SI1...M.IW
1... 930 3.23
, KB... 3.VU
, 655... 2.10
, TBI... 3.M
. KO..
. B4..
II...
3...
SI...
1...
...
, 3.00
.2.55
...1S77..
1...12O0..
1...1W0..
J...1050..
II... 90S..
4... 883..
...vm..
5...1100..
-1C...10I2..
3...10H..
. .S
.3.25
. 3.00
, 2.73
, 2.40
. 2.25
. 1.75
. 2.30
. 3.00
.2.75
COWS.
1...1200... S.3J
J...1W1.,
2... 900...
1...1130...
2.. 1023...
2... 783..
1... 780...
8... 963..
18... 73...
... ?I...
3.10
2.85
2.63
2.33
2.13
1.50
3.23
3.00
2.40
.1120... 3.23
,10ft)... 3.00
mo...
. ISO...
. 740...
. 832...
.1200...
.1IC3
3.. .1173...
4. ..1037...
2."0
3.33
3.13
1...1100... 2.31 1... WO... 2.40 21... 25... 2 20
n... 750... 2.55 13... 507... 2.30 2... 700... 2.23
4... 817... 2.10 3... S33... 2 00 1... SS0... 1.61
6... (93... 1.50
MIXED.
3... 930... 3.75 15... 581... 1.71
BULLS.
1...15S9... 33 1...1500... 3.15 1...1790... 3.23
1...1509... 3.00
VEAL CALVES.
4... 179... 6.75 3... 136... S.T3 1... 130... 6.50
1... 130... 6.23 2... 125... 6.00 3... 140... 6.00
3... IK... 5.0) 3... 113... 4 50 2... 155... 6.50
7... 153... 6 50 1... 100... 6.00 1... 10... G.uO
1... 110... 6.00 3... 110... 5.50 1... 110... 4.00
MILCH COWS.
J 33.00 4 32.00 1 17.30
27.00 1 25.40 2 21.0)
1 32.M 1 30.00 1 27.M
J" 25.00 1 23.00 1 U.0J
SOUTHERN CATTLE Tho small supply of
Southern cattle met with fairly active sale,
and a generally steady basH prevailed. Most
of the Texas and Terrltm-v steers were fair to
good fed kinds at 83.6304 25. a string of i
head welching 1.098 lbs. aolnc at the latter
orlce. Cows sold weak, with sales at J2.20B
? E for fair and Pretty good. Scarcely any
calves were available, and were only fair, sell
ing steady.
Several lots of fair and pretty good fed
Arkantis steers sold at 81 ft)S4. common sters
at 12 25A2.60. common cows and mixed lots at
81.85Q2 13
TEXAS AND INDIAN STBERa
No. Av. Pr. No. Av. IY. No. Av. Pr.
199...10M...J4.25 26... 9S0... 33.S3 1...11W...J3 23
24...1W5... 2.90 23... 563... 3.65
HEIFEnS.
Cows and hlfers:
114... C83... 2.43 4... 578... 2.0
COWS.
107... 773... 2 33 104... 730... 2.20 21!... 139... 2.S
,i 12 -a : "' " "H... 2.53
102... 752... 2.30 Lg, 2-33 12... 563... 2.5)
16...K03... 2.23 23... SM .. 2.20
CALVE3.
.. (Per Head.)
24... 229... 8.6)
. . I Price Per 100 Lbs.)
2... a,... 5 t 42... 2S7... 1.00
Arkansas and Tennessee cattle:
STEERS.
4... SC2... 2.60
..1IM... 4 00
.. 663... 2.23
23 .. SS9... 2.60
COWS.
20... 5f0 .. 1.E3
MIXED.
S... S34... 2.15
H... 4S7... 2.00
CALVES.
I... 150... 4.00 3 .. 230... 3 00
HOGSAnother liberal supply of hogs arrired.
amounting to around 11,000 head, making a total
of nearly 30,000 on salo so far this week. A good
P.SUe.fnd. lights were Included among the
arriyaj. Others western markets were also lib
erally supplied.
Conditions were unfavorable to sellers and
bure! s wer Inclined tn T vi- kbVi.k .-
Fquently the market opened slow, dull and on J
.w... "' "v vcij ucti meaium ana nejvy
h07S. Suitable frm thw ritr"htt!.h. . l
good pigs, were the best se.leis, but they shows!
u ,wn vx m imni ins esny vesaa.y iraae.
Pln packing hogs and mixed lotsi lnclud.ng
old rough sows and stars, were extremely slow
sale, even at the decline of 5c. and acme of
them were even lower.
The demand for lights for shipping purpose
was not very good, and the best were very
slow sale, while these on use coauasa ar South-
vest order were almost unsa'able st any prlc.
The market was slow, dull and dragty all dav.
but closed with a good e'earance. Late rales.
hoY-etrr were neany 5c lower thin the opnln'
Good butcher and heavy hogs sold at !4.40r
4.55. fair to anod mMlum weights and pacers
84.2384.43. lights above 150 lbs avtraii- Jt 1CJJ
4.40. Pghts undar 130 Ib. average 83.3S4.(k;.
pigs under 100 lbs. S3.50Q4 and roughs and cuIN
at 81.5034 The bulk of the tas weighing 150
it more sold at 84.3034 49. agairet Jt.3584.17'
Tuealay SHEEP There was a good supply of sheep on
sale, and the arrivals Included eteral cars of
Western sheep and yearlings, al.o several can
or Mexican and yearlings fed In Missouri There
was al"0 a pretty good representation of na
tive ahe-p and lambs Tho market did not show
arv materlil change, all gool mutton neck
nnulng ready sale at full sfady prices. Thoe
that were only about half as fat as ttiy rcally
should bae been to make good mlttoi, were a
little slow sale, and alues barelv steady. Buy
ers want onlj tho good fat Hoc!', and all t th
ere are slow -ale. especially the lltt! thin
Iamb". The stocker trade remains unchanged
with i fair dercind.
HOIISES Although on a lower basis than last
week, and serlouslv affected by the decrease
in Southern demand. wMch has pmalled this
week, the horse market Is worrjlne along in a
fairly actite way. and a pretty decent clear
ance Is being made of the anhabi. There nre
430 head on the Wednesday market, mostly
composed of Southern kinds. The general con
ditions were about the same a on the arlrr
days ct the week, ,Th fcouthern demar.l was
half-hearted and lacked confidence, and the
sneculatHe trade was lacking the life that char
acterised It for seieral weeks past. Some good
occasional spots developed on th choicer erndei
of offerings, but the general market reflected
the decline of 3-)gl0 prevailing since the oren
Ing of the week.
- HORSE QUOTATIONS.
Harness horse $1!A53S1
Heavy draft, choice to extra I754K23
Heavy draft, common to good UCQIO
Business ho-res. 1.200 to 1.20) lbs. 125irrt
Chunks, choice to extra 1330170
(Chunks, ofwnmon to good .-. 80filI0
Karm chunks ;.. 651iPf
Southern hors. choice to extra 75S150
Southern horses, plain to good 333 M
MULES The mule mar!tt Phowa absolutely
no improement: if anything. It Is worse than
at the beginning of the week. The cessation
of activity and tho continuing receipts hae
Increased the supplies on the commission mar
ket until Wednesday morning there were 1 21")
head available Sales during the flrrt two davs
of the week were exceedingly small becaus- It
has been hard to'get da!ers to make anything
like a satisfactory bid on offerings. The mar
ket continues 5557.50 lower than last week, and
stagnant eren on that basis. Hardly any South
ern buyers are on the market for supplies and
dealers, being crowded thmseles. have no
place to put new purchases. The outlook 13 very
discouraging.
Mule Quotations:
14 hands, extreme range j jrj 73
It bands, bulk of sales &;g 5;
;;$ 5an!l' rflf Tag' rosins
14is hands, bulk of sales Sfi 83
15 hands, extreme range............. 7nti
1J hands, bulk of. sales ....." TjgiJi
71 !!. WIOUB 1.U1C Sjffirjl
u hands, bulk.of sales imiM
1S hands, bulk, of sales
16 hands, extreme range......
16 hanrt- bulk of sales
...K082G3
139815)
Sugar.
Jew Orleans, La., Dec. 7. Sugar basy: onen
kettle Sifi4e: ooen ketUe centrifugal 4t,a4I4c
centrifugali whites- 4 13-16c; yellows 4i84?c:
sjcOTdsftHSWa- Molsewes steadn open kettle
ISSSOc; centrifugal 7tf20a Sirup steady- 23
2a.
FALSELY INFLATED FABKIO
CKU.MBLES IX A MOMENT.
InoivjiM-d Exaction lieiziiuling
Collateral ami Drawing of
1'ur.se tsti-iiigs Are Factors.
New York, Dec. '. To-daj's tiolent
slump In the stock market came upon the
sanguine speculate e dement like a lolt
from the blue ky. The fact that run
away bull markets always oerrun them
selves, never avails to lessen the surprise
of the speculators when the'airy fabric
crumblca
Tho fabric could not, of course, be b!Gn
up to the diaphanous dimensions if there
were not enthusiastic bujers, who con
tlnuo to buy all stocks offering and to bid
up prices in unbounded tonlldciicc that
the upward course will never be Interrup
ted. Neither would it be interrupted If.
speculators were able to ro on bujhis In
dcflnltclj. But wlicn tho time comes that distrust
obtains an entrance to their consciousness
and they attempt to sell their holdings. It
develops that the buoyant rise has been
duo to their own lnu ins and there W
nothing; lelt to sustain prices when that
ceases.
That is probably the true explanation
of tho slump to-day, which took on fair
ly panicky proportions at times. Hut the
crumbling of prices led to the usual in
dustrious efforts to arsiRii a cause in somo
new development in affairs that might bo
an index of a decline in the prosperous
conditions of business and industry.
There was no such news forthcoming.
Th-,re was a rise lit tho call loan rato
late in the day to the highest of the sea
son, but tills seemed to be as much an
effect as a cause of the fall in prices. It
was not learned that thre had bt.eii an
calling of loans or restriction of credits tu
prctlpltate the break, but the expectation
of further gold eiitTagements for etport
was continued and there were remittances
through tli- Subtr.a-ury of lOrt)fjt to
Pan Francivro and I2iJ).t to New Orleans.
The drawing of the purse strings and
the increasing rxaulon rigardinir collat
eral has tuppltd over more tliti one bull
market in the full tide of it- advance, but
there lias b-en no premonitory svmptom
In the present market of monej trln
guiov. .Much more attention was paid to the
living tumors, of the altitude tonatd.i til"
nuirket asiumed by Important financial
Iow erp.
Tho shaip losses which vvero suffered
gave spirit to somo of the assertions that
combinations had been formed to raid tlm
market and that some of the advertised
attacks 011 special properties of the last
few days really represented a dccplv-lnid
plot whhh had the backing of great cap
italists. The easv mariner in whlnh A1n.1l-
gamatcd Copper succumbed to successive
attacks was the ground for these asser
tions. lluch Importanco was attached by tho
hurt speculators to a dinner and a 1.011
ferenco of railroad captains whu-h tfolc
place hero la.st night and which they sup
posed adopted alarming conclusions over
the prospect for the railroads afforded bv
the President's recommendation to allow
the Interstate-Commerce Commission
iwwer to ttx freight rates.
The tumble in Amalgamated Copper
was from ii1! at the closing last night to
GS1, near the closing to-day. The de
clines in Sugar. Tennessee Coal. Colorado
Fuel. Lackawanna and some other special
stocks ran from to IS points, but aside
from these it is hardly worth while to
detail the declines, which range generally
from 2 to 3 points.
The closing was weak and not far from
the lowest under Influences of renewed
breaks in Amalgamated Copper and Su
gar. The few points of strength In the morn
ing session were swept Into the downward
movement. Honds yielded in svmpathy
wlth stocks. Total sale.s, par value, 57,
820,t). United States' bonds were un
changed on call.
Q. H. WALKER & CO.
307 North Fourth Street.
INVESTMENT SECURITIES.
MEMBERS:
NEW YORK STOCK EXCHANGE.
ST. LOUIS STOCK EXCHANGE,
CHICAGO BOARD OF TRADE.
ST. LOUIS MERCHANTS EXCHANGE.
N. Y. COTTON EXCHANGE.
DIRECT PRIVATE WIRES TO PRAC
TICALLY EVERY CITY IN THE '
UNITED STATES.
Jor r crudes are ?av Common quotM at
3'ia7-"c. prim? nt HUyi'-c; choice at Sflic;
farvy f'p'sc ucs arc firm en tlie Urfir
an I sina.kr slzis, which appear to W In mod
erate supplj Th" general ranee tor alifomii
fruit Is irnni 2c to Ac. with Orison erodes run
ninc aa hish as ic for th large slzs. Apri
co ar leporteJ to t advantinc en th cut.
( hiiire her ar iuotpl at 10c. pxtra choice at
llbHc. faucv at W-s'tillc JVachei alw xu
t'rm riiolre are quoted at OUGivc, extra, choice
at 0310';c, anil fan" at lv?fUc.
Ilnuil UuolatfoiiH In Plr uric.
New "iork, Dec 1 Uond quotations were aa
fcllcns:
United States refundinc 2. registered 104
Uiitttnl fatates refundirff 1j. coupon vni
United Mates &j, Istered 104U
I'nited States 3", c upon it)4U
UiiUM States new 4 registered I3o
Lnlttd Mates new 4b, coupon 131
United fctats old i. rftf.atered 105S
United autts old is, coupon ioaJ
-n.iii3Uil ;;" rui t -.... ..iU
.itthlirn ailjuatninnt 4s..
Atiamic Coast Lin- 4s ...
I'altimore and Ohio 4
It-sitinre and Ohtf. Zs ..
Ctrntml of oeursta s
tvntral f Georjiia 1st Inc ..
(Ti-apCiLke and Ohio -i'9
t'nK io and A ton 34 . . .
Chicago, Jturllngtcn and Qulncy new
CUcS'. M. &. tt. 1 gtn. 4 ...
tY.tcasu un 1 Xorthwecttrn conoI. 7s
(, i: 1 & i ft it 4&
( it. 1 P Jt It col in
C, o , c Aw ?-t L. gen 4
Chicago Terminal 4s . ...
Cuiiiuit iatl Tobacco is
Colorado and tuuthem 4?
l)mT dnd Twlo (.iran.lt 4s
Kto rrior Iit- 4 . .
Erlt gMKml 4 .
IVrt Vorth and ln;er Citv 1st
Hooklnc ValiAj 4Vs"
Iul3tll- and NashiIIe unified, m
Manhattan conso. gold 43
Mjti'Mn Ontral As
M'xk'an Central Ip: in ,
MltirifefltwiTIa nn.l (. 1 nulj la
ilt-uri, Kanij and Tezat 49 .. "I"Il"l'y
1XW
3tI
Dili
31
:i".
SU
ts ...1'JO
...no".
14
.. .. Sfi.
aai.
vyy,
'.
13
... W
101H
wit,
"lsu
ill
IOI'i
1'jT.
-U
37
JItKiujri. Kaa and Texas 2fe 551.
.atUnil Ii It of McxWjj conol in . Slii
Nov. VorK fentra! Ren 3li" 1u0a
Nw "iorK nt.al ierTal Ss . 135U
Northern VacMc 4e
rorthcni I'dUll' Ss
.r- oik aji'l t:rni coniol.
13Sl
51i
.L'Jl
Ort-son Priori IIn 4 and nartic r...."l03i
j"i,nnsj:an:.t com ;'- itntZ
nca'llnc cenTHl .
...l'CH
STOCKS AXD IIO.NDS IX HOSTOX.
Boston. Dc ".Closing cruotationst tolay on
monev. bonds; stocks and mining Bhares were
as follows:
MOKKT.
Call loans SSI per cent; time loans 405 per
cent.
BONDS
Atchison adj. 4s... S3H (Mexican Central 4s 74
I)o. 4s MIX I
RAILROADS.
Atchison ii'-!
lo. pfd 102"3
I!oston 4 Albany.. ait
"Boston Maine. .171
Boston Elevated ..153
ntchburjr Pfd 1S9
Mexican Ontral... 224
N Y . X. H. i. II.. 197
Union Padflo lil'4
MlSCELLAXEOfS.
Am Axs. Chora.. Z:j General E!ectrlo...IS4
Do. Pfd 85', Mass. Klcctric 14
Am. Pneti. Tube... t'j Du. pfd &;
Anu Sugar It: Mass Gas 123
Qo. pfd. US I'nited Fruit 103
tAm. Tel. & Tel.. .118 United Shoe Mach. 53
Am. Woolen ZL Do. pfd 31
Do. pfd SC u. S. Steel 4
Dom. Iron & Steel IS Do pfd an.
Edison Eoc I11U..U1 Westlnshouse com. 83
ht Ioul3 anl Iron Mountain conicl 5s....I152
M. Ix-uls aril San Franclcco fc. U.. ssu
t. Lmls southwestern Ists "" 37?
Seaboard Air Un" 4 "" tk
Southern Taclllc Is j?'4
Texas and I'aclflc lst ."".".'."1131J
Toledo, St IahiI and Western 4s T S3ut
I'nlon Pacific 4 d
I'nlon I'aclfc con 4s m
I'nite.1 Mates s:el 2d fc ' "" t
WlllKll del.. I! "ii
IVheelinsr and Lake Brie 4s '.'. 33
V"lv-oTln Central 4s v
Colorado i"uel conv. 5s '""
Ifrw York Stock Utiotntions.
Nr lork. pec. 7.-Foliowin; are th hlsh-
e-t. lortest and c!olni: quotations for rtocks on
J" ,'x"- Elnani:e to-day. with the amoant of
RMLROADS.
,, u, Sale Hlfr-i.Lotr.CIose
Atchison 31.3., g7U f; (.j-
IJo prd 1.50.JJ13 102-i ii;.
Baltimore and Ohio 43,3 lxw 97il is
Do pfd 100 S3 SJ 94
Canadian raclSo E,tm 13:4 303S Iii
Central of .ew Jersey..... ") 134 1931, 193
Chapeak and Ohio SSjO 43'i 47 , aj
Chlcaco and Alton 41
Do pfd sn
Chicago and Great st.. 11.700 23". v 22"!
Chicairo and Northwetem 4.5) ay 2JTO, 2A.
c.-vso;; iin- Et- p" -3."' l"'i 1TO s 171-1
.DO. pfi it
Chicago Terminal g. Trans Zb" 13". ii" 13",
Do 1 pfj w 23.. 23(4 a
C'ulorado Southern
Do. 1st PM
Do. 2d pfd
Delaware and Hudson. ....
Del., Lack. X. West
Denier and PJo Grande...
Do. ofd
Erie
Do. 1st pfd
Do. ii pfd
Hocklnfr Vallev pfd
IlHno' Central . .
Ioua Central
Do. pfd ,
Kassa. city Southern.. ..
Do. pfd
J-oulsUlle and Xasbvlllc..
Manhattan L
Mtropolitan Securities...
Menopvilltan Street Rv...
Minn is L ".....
M . St. P . Sault St.
Do. pfd
Miswuri Pacific
M K. Jt- T. . . .
U W'S J7--, I3i.
1.4tf) ; 3 33ti
09
a a'i 53
. 2.2I 1-8H JS6
r 3-0 :t3
3fO 33 Zi
. 1.4.-J JU M
. W.aOO r, ss
. 24.y) 7S" 73ti
. 4.700 M4 EJ"
J.Ji1' -m V- j
31 14
its;
34)
it
3S
3",
. nz .
15 SV EC 133i5 1S
2.5.M 31t, 23', M
ICO Zi S6I KH
TO a 27t 2S;
X 31U u)C
S y 14J 141S 142S
2.300 167H 167 157
3.6W SIS Si) Sou
3.1 1234 121i iri;
If. 1.0-V) 9.14 jgL j.
.. S) lis I43J 14-J.
.... 31 10O llflt; joii, IOS
i.l'"f S4 33'i ZZ
liVB OliUIH AISD OFFER
$250,000
City of Waco, Texas
Waterworks 5's
Dated November 1, 1904. Maturing November, 1934. Interest
payable May 1 and November 1 in Chicago. Denomination, ?1,000.
FINANCIAL. STATEMENT.
Assessed valuation for taxation 510,551,714
Total debt, this issue included $1,22:1,000
Less water debt $423,000
Sinking fund 122.410 545.410
Net debt 677.39U
Population, 24,155.
Waco, county seat of McLennan County, is located in the best
part of the east-central section of the State. It is a thrifty manu
facturing and industrial center, surrounded by a rich agricultural -
and stock raising country and has a steady, substantial growth.
The-City recently purchased the waterworks system from a
private company, at a cost of $423,000. Following is the official
statement of operation for the six months ending December 1, 1904
(time in which property has been under municipal management):
Gross earnings $46,435.95
Operating expenses 14.330.16
Net earnings $32,105.79"
At this same ratio, the net earnings for the year would bo suffici
ent to pay the annual Interest on the entire bonded debt of the city.
Price to Net 414 Per Cent
Special circular on application.
N. W. Harris & Company
NEW YORK
201 Dearborn Street
CHICAGO
BOSTON
MAY DELIVERY TAKES A BIG SLUMP
UNDER ENORMOUS LIQUIDATION
Oats Yield to Bear Pressure and
Provisions Shaded on Pack
ers' Buying.
REPUBLIC SPECIAL.
Chicago. Dec ".Wheat pnce3 went
down to-day as easily and as fast as the
had been coins up for several dajs on
prodigious selling by those whose bullish
efforts had been responsible for the ad-
Lo p(.l 4.7M 6(
Nt. K R. of SlMleo pfd
Xew Vork Coitral '. p)w
Norfolk end Western x,: 77
61
MIXING.
Adventure
A1GU"Z
Amelrainati!
Am. Zinc
Atlantic
Hlripham
tralumf t &: Hecla.
Centennial
i'orpr Itange......
Daly-Vt
IXmlnlon Coal
rranklln ,
Uranby
Iftl, Itovale
Mam. Mining
311chiffan
.
. lTVi
:&
:
. 4
, 1:4
, (3
. 11
fi
, n
r-i.
Mohawk 52i
Mont. Coal A Coke t
Old IVmlnion 2Vt
(Parrot 3TS
I'Quincy i,
Wtnncn s
ItTamarack IS
'Trinity j
1 u. tuning w
U S. Oil HIS
''tan ,
Victoria 4U
Wlnona 10 "
WoHerlno 1
Bid. tAskcd.
Sltnlntr Stock at Neir York.
New York. Dc 7. Closing quotations to-day
on mining "stocks were as follows:
rtatns Con 2: uttle Clilef 5
AIli 60 Ontario iy)
Urcece K Ophlr a)
Brunswick Con IS I"roenlx j
t3omstock 'funnel ... S Potoa! : 15
Con. Cat. Va..... 175 txiage 21
Horn Hlver. IM Sierra. Nevada 47
Iron Piler 3tfl stUI ltops tS
Lrad"li: Con Stardard 170
OSercd.
By Telesrraph.
.5?5!ca,V?iJ.-';--Cltt!c-n'c'',t 2fi-rW. In
cluding 1.00) Westerns: market Heady to 10c
lower: good tn crime steers 137.23. noor to
medium 0)a; to: Mockers and feeders K Vya
t 10: cons Jl.)ft4: hulfeni 1:83: can
ner! Jl 3IB4.S): bulls J284 iar caUeS t3
B.: Weern rteers tl.'aetMOu l!os
ItFcelpts 41G30 head: to-morrow 4.0t3: marl-ct
u,.iit; lower; rnjea nni nuicnenr 31 soul.o
good to choice heary J4 4324. 571: rough heaw
4 2031 I7't: light 30S4.M bulk of lal's SI 4S
52U Sheen Receipts M (X. sheep sta.iv;
lamts 10c higher: good to choice wethers J4.4u
5 13; fair to choice mixed J5 6)34 33: Western
fheep JJ 5035.10: name Iambs $4 60C6.K: Wst-er-l
Iambs J4. 73x8 25
New York. Dec. 7 Deeiea nwplnt l (r?q.
teers slow. 10013c lottr on alL grades except
choice; bulls steady to strong; cows 10513c
lower; ordinal) to choice sleri i-old at HAOic
6 23 per IM lb.; oxen and "tag J25?4 23 bulls
2.6ifi( ID. cons Jl.aS4.13. dressed ber steady
it 7r9ic: cables quoted lhe cattle selling at
S'Wllc Shen at lOfllOHc: lambs at i;i?134c
Exiwrts to-dav 6.4ri auartera of beef "fch
Iltce'pts J.S3: steady: ta's rold at II 3088.73:
few tops JJ; grassers ti3"B2.73. few at S3. 1
ear Westerns at U.K. drewed eals 11813c.
Hheep and lambs Receipts S.ISS: sheep steady:
lambs 23c higher: common to choice sheep sold
at S3Q4.S5: Iambs ses'.lw: culls $3jr3.60; dressed
mutton selling at 7't6S'jC per lb : drrssel
lambj at 11313c llozs Itecipte 8.0K: only 34
head for the market: feeling weak to lOe lower.
.south St. Joseph. Mo.. Dec 7. Cattle Re
ceipts 3.13): active; natlres S3 73Q6; cows and
heifers Sl.sMi4 35: stockers and fcedr Si73
IM Hogs Receipts 10.311: So lower: light S4 30
$t4 30: medium and hetAy SI 301 60. Sheep
Receipts 1C4S: steady; lambs S6; ewes SI 75.
Kansas City. Ma, Pec. 7 Cattle Receipts
.SO); beef steers steady: others strong and act
ive; choice export and dressed beef steers
S3&&30: fair to good S3.50ff5; Wostem f"d
stHrs 33.303.50: stockers nnd feeders 12.30
1 13: Southern steers 13.5031 W: Southern cows
JL753.33: natie cows SI.'5$1.75 native heifers
S3 303: bulls S2j4: caUes J3S6.r;. Hogg Re
ceipts 13.600; pigs 10SSW higher; others steady
to 3c lower: top Jl 60: bulk of sales JI2TVS4.33
heavy J4.554 60; packers JI.33C4.51; pigs and
lights nxm V). Sheep-Receipts 4 S0O- sheep
weak; Iambs steady: natUe Iambs SI.5oa- na
tive wethers $4 23fiS: native ewes JI34.50
Western lambs $4.5vS6: Western yearlings SIS
5: Western sheep SJ.73JH30; stockers ana feed
ers I3.0OJ4 55.
Toledo. O, Dec 7 Cloverseed Cash and Dec
7.S7ic: Feb. 7.33c: March Sc Alr-ike Prima si"
Timothy-Prime 30. tc-
Kansas Cltyr Ier. 7. Wheat lower: Dec
SLW; May jl 2H: July 50"sS0-4c: cash No
hard JLoSi?1.07: Xa 3 SLOirlpg- ;o. 4 Mc
S1.C2U: No. I red Sl.Wgl.OS; No. S JUESi.oi
Corn steailv : Dec lOhc: No. 3 41HB4S:- No. "
white 42c: No. 3 41c Oats steady: No. Z white
31c: No 2 mixed 3f-c- Receipts Wh"it 31 Al
corn 3J.M0: r-tts 8.CO Shipments Whe;it"'77 '.
era-, corn 42.400: oats B.m. Hay stendyr cho(c
tlmotny 1363.50; choice prairie ff.73s. p-i
D,i nfd
Ontario and Wertem
.... 41
137 13.1
75 TSi
so
Corn Holds Comparatively Steady
Considering the Gircuiu
stances.
BT ASSOCIATED rRESS.
Chicago. Dec. ". Liquidation of ciyr
mous lines of wheat to-day caused a tik
of almost 3 cents in tlie price of the iliy
dellvery. The market closed with a net
decline of ISc as compared with yester-
vance. Millions of bushels of long wheal J day's final figures. Corn, oats and pro-
untario and western Sfi) 42'. 4t:;
Pennsjliania 113. l 13"! 13 19!
Pitts . C, C. & St. I. .... 3.1 -lit 731- 73J
Reading U3.7r.) pfi 77U 77H
Do. 1st rfd
Di U pfd
Rock Island Co
Do pfj
St. U i S F 2d pfd ..
St Iu!s Southwestern.
Do pfl
Southern racifle
South-rn Railway
Do pfd
Texas and Pacific .. ...
mitiu. ;-i. 1.. Ck H pn. ... I ji 3,i
1TO rfd . 2.7fO KM ZIW 3IU
Linlnn Tnr!tlrt 1?y av IlllT itasi? 11,
300 fr 9l 1
.. 3.700 SI
.. i. tau
.. l.ono MxT
.. 4.STO IVu
..131 ij tVi tl,
.. S- ion -.nit. . r
I.Tf' i'.'
M
&,',
v; ss
fS1) 37t; 33! SStj
12 3714 3i-i sstj
Do Dfd
Wabash ,
Do pfd
Whe.iine and Lake Erie .
Wiseor.Fln Central
Do pfd
Mexican Central
South-m Pacific Pfd
0 Ji'i -.
XV 23 23
7.1"0 4JS
jf.f !
.. 210
.. no
.. 112
.. 2-W
300 f.3
2S.0 ZiK
KSH
211,
2"i
sn; sin
35":
Bl
5 ':'
;i'
steady; 70c
t
Dried Fruit.
New York. Dec . The market for evaporat
ed apples shows little change. Choice and fancy
rades ar in limited supply and firm, walli
94H
221;
inl m.
l."" m; ay 23U
S" 4"-, 43 U
E40O t, 21 lisj
7. 117 116U lieu
EXPRESS COMPANIES.
Adams . ,
An-er'can ,
fnlted States
Wells Fargo
MISCELLANEOUS.
Amalgamated Corpr 33S 3A 77
Anerlcan Car Sc Fdry 2,J 32.;
L.1J. IJ1U .... ... ........
American Cotton Oil
Do. pfd
American Ice
Do pfd
American Linseed Oil.....
Do pfd
An trican Locomotive ..
Do pfd ...
Jm Smelt. . Refining..
r pfd
Am. Sugar Refining
-rVraconda Mining Co
Rrrwklvn Rapid Transit..
Colorado Fuel and Iron..
Consolidated Gas
Corn I'roduets
Do pfd
Ittlll9 Securities
General Electric
Internal'oral Paper .....
Do prd
International Pu-rp .
Do pfd
National Ixad
North American
Pacific Mill
People's flas
lrsd Steel Car
Do. pfd ,
ruilmnn Palace Car.
Republic Steel ,
Do pfd
Ribber Goods
Do. nfd
Tenne-se Coal and Iron... 22.noo
United States leather. 12i.2no nt; re-. 157.
D- pfd 13.100 liB-i mtu 10-ti
I" 3 Realty H In Co.... l.ivo si 73 73
Uriteil states Rubbr i7f Zi sou 31
Do nfd TfO SJU si "SI
United States Stel 2JI.1) 3is sij mu
Do pM 17.2 93ti -O', Mt;
23
"V U 37S 37".
.A J
6,100 aiu ss 33
400 1014 JA8 102
17.700 g-t T7U 784
1.40K 1IJ 111', 111
13.300 14?i 141 HHi
2.2 109 S3 J)
2I.O -, 63 63S
42.100 S5i 4 4
l.3 ai4 2K 510
. 2-c) 23 23 -
400 7Ji 714 71
t.VO 23T zrZ 2-,lJ
i2CO 18vI WJ 19!
t.T0 22ti jnU -
1 7SJ 77 T7
?S
-- S3
l.ori 24-4 234 nu
I.S00 102? 10O 1C
3.1rt 4414 434 'i
19.100 HI I-71I 107--
1.200 3S4 3S 3S
1.300 Su, 83 S94
a.-,
4.300 Ui u 154
2.10) 70 674 85
-.in 2SH 27 WH
lo 9li 044 s?
H.100 7K 704 TIN
Weitlnghoiis Electric
Wsttm Union
Total sales for the day.
1.700 1S3 1751. 1754
i 324 Si's SIS
:.'3).1M shares.
Kkcs.
REPUBLIC SPECIAL
New York, D-c 7. Eggs Receipts 7.073 cases
The weather was milder and threatened rain,
but conditions were ery stringent as fax as
fresh eggs were concerned, wh'ch were ex
tremely scarce, as might be surmised from tho
fact that none of th best marts, offered would
candle out over 60 per cent of No. 1 full egg-v
Prices wer up to full quoted limits on the
auality noted, but off grades of fresh wer-
obliged to be sold, as buyers could b found
for thm and at Irregular prices. Fine re
frigerators were scarce and wanted, but not
one sampi in twenty was able to pass as
such and th' market was overcrowded with
gcods at 21"22c asked. Cheap grades of both
fresh and storage are wanted. Tterrlgerators
Good to choice Western 2ie214c; fair summer
stcred 13S20c: inferior I'glSc Other ouota
lions unchanged.
Chicago, Dec . Eggs Arm; cases Ircloded.
MUfiKc: firsts. Wc: prime firsts, jsc- extras 30c
Philadelphia. Dec 7 Eggs firm; good de
mand; -rear-by firsts 34c at mark; Western
firsts 32831c at mark.
Kansas City. Mo.. Dec. 7. Eggs steady; Mis.
smrri and Kansas, new No. 2 whltewood cases
included. Sc per dcz.: caso count, Sc; cases
returned lie per doz, lers.
were thrown on the market by Armour
and by Northwestern ar.d Bastern holders.
0110 house with Northwestern connections
selllnjc 4.00Q.0OO bu. or more, most of it in
the first half hour, when there was a
heavy resting demand on the first break of
'rC to lc
Prices rallied just a little on a show of
Armour support, but wheat was coming
into the pit in such large blocks it was
evident all the big longs were unloading.
There were occasional reactions, and
around JL11 for May the market for some
time showed signs of steadiness, but it
sained only Uc from that point, and In
the last half hour slipped off again to
Jl.10;;. closing at C104. a los of 24c from
the previous close. The big Armour line
undoubtedly went over eariy estimating
the soiling- by this houso as high as 6.0OO,
000 bu.
The Northwest, which hasj been the cen
ter of bull Information on flour' sales and
rust in Argentina, also sold heavily, and
Minneapolis was even weaker than Chica
go. May off 3Jc and Dec 4tjc Ion er. The
absolute indifference of foreign markets
to tho Argentina crop scare, and the dis
position of Eastern and Northwestern
holders to unload yesterday were pre
sumed to be the reasons for tho change
of front on the part of the Armour In
terest. There was a rumor n float that the
Wall street and Minneapolis bulls had
proposed the formation of a bull pool un
der Armour management, but had quietly
sold wheat Tuesday whKe negotiations
were pending.
One thing was plain, however, that all
the bhr holders concluded the situation
was strained. There was a good resting
commission-nouse aemana an tne way
uown. iioerai covering- oy snorts, ana Dur
ing against privileges, but nothing served
to end the decline. The heaviest selling
was by Wrenn, Barrel!, Pringle. Daggett,
Spencer. Logan. Ware and Bartlett-Fra-zier.
Larger receipts Northwest and pre
dictions! that receipts would keep liberal
for a month helpd take the bloom oft the
bull movement. The flour demand at Min
neapolis was reported dull. Eastern buyers
filled up. millers taking nothing better
than No. 4 in the cash market.
CORN SELLS OFF.
Com Bold off'Uc for May early under
pressure from cash houses hedging
country purchases, but a few developed
steadiness in spite of the weakness in
wheat, recovering all the loss and a little
more, but finally closing He lower for the
day, at Uc bid. Dec. lost Sc
There were 405 cars Inspected in, or more
than 1(0 over the estimate, and 33S care
were estimated for the day's arrivals. The
decline in cash prices was stopped, but
shipping demand was quieter, sales about
"50.000 bu. The quality of the receipts con
tinues fine. Country acceptances were lib
eral from the West, but smaller from Illi
nois. On some roads shippers were-unable
to get cars fast enough to fill sales.
OATS TIELD TO BEAR PRESSURE.
In oats there was more local bear pres
sure under which the market yielded
slightly, but at ZQic for May a good gen
ai commission demand developed, and tho
market closed at that figure, a loss of He
for the day. Cash prices were steady nn
the small receipts, only 80 cars In and 63
estimated. Shipping demand was dulL
PROVISIONS STEADIED.
Provisions steadied under buying of ribs
by Cudahy. the best recent seller. At lhe
close prices were steady to 74c higher.
Trade waa moderate. Host receipts wern ihn.i 01 c"W7
47.000 head, and 3WW) head are estimated Estimated receipts for to-mormw
lower?' m0rrW' ' thC Tard3 fc &' ". i hSSS
visions are practically unchanged.
txtreme weakness prevailed in 'the
wheat pit from beginning to end. At tho
start May was off HS'Xc, at tLVZQUZ.
Liquidation of long wheat by commission
houses and by local professionals was)
a pronounced feature at the opening. As
the session advanced, the offerings In
creased In volume. News of the day
failed to furnish any satisfactory explana
tion for the urgent deslro to sell
,na 15"" ot contradictory advices re
garding the Argentine situation, an easier
-une was manifested in the Uverooov
wheat market, but the slight decline thS
to'JES?1 not of '"fflcient imprtcS
in .hm?m;..neavy "e'Uns here. Receipts
In the Northwest showed only a moderat
rtva"?s?e' apana wi ywtStSS f ar
One noticeable feature of tradltur was
enormous offerings by a. pramtaenf com!
mission house, said to be foreTccoun
of a leading long. Total sales oTf",,'
? SiL U account weretaldto be In th
iXi rc,J- The princ pal demand came,
rom shorts. Offerings so far exceeded t?
sThhoiftsir
nToWPToof'"',0",11' was Cached t
i.iMttI.I9S. a. break of 2"c from vesfer-
rslos,las "Se- ThemaXtycJoi
exceedingly weak, with May at SllSu!
Se7SSCbl0fT?,heat and nou' wereut -
re7ntanlrDuIlUh and ChIcagoreport
week Md ySr8' aralnst carVlast
weejw anu b-t cars a j ear ago.
CORN.
m?vf ldtT".s the brcak ln whpat- th com
market held comparatUelv- steady. Prices
"1 ;omSThat Iowcr- however, a, a rt?
suit of moderate profit-taking. Large prN
.wriiaiiic. minor racior was
V?S er . of, bles. May opened 1"
tiS .to iSSc lower, at 444c to 44Uc.
4?ida5fioeenr Uli? anJ nd closed
SI??1; I-?:a, rfe!Ps were 43 cars,
with 10 of contract grade.
OATS.
Liquidation of Dec holdings were a
feature of trading in the oats market. The
resulting weakness in that delivery caused
The nrnr'VS5 more tantnihs.
atT V,1" r busbies v.-as only moder-
ie3.3 Iay oPnwl unchanged to 4c lower
at avsc to aic. sold off to aS3v?Ti
closed at 30,c. Local receipts were ii
or fctup.es.
Highest. Lowest. Clorfcj.
KANGB
Vheat
D: ..l.lOUBI.l'K
May ,..l.I2i,1.13
July .. J35i.oo
Corn
Dec ... 4.7S4O r;
May .. 4t,e 44'-4
Julv .. 4IUS 4r.
Oats
fee ... rS
Mar .. 38 a)U
juir ..
Pork
Jan ...
Miv ..
Lard
Jan ...
Mir ..
Ribs
Jan ...
May ..
1.13
l.OJ
4!
4I5
41s.
23.
V l.SSH,
l.fs'4
1.11i
5S',9S
s
I Hi
4t
2S;
3)tj M'SS
12.57--,
12. S2',
7.M
.51
S.70
12.C7U
12.Kt-
C.STTj
7.10
C".
6.7J
s-n.
12.J7H
liSO
7.0J
S.V
6.73
l.M's
l.ieu
4i
4mim.
12.S71,
13.?)
e.s74
7.07,
t.ZZ
.73i
RECEIPTS AND SHIPMENTS.
nc ship.
..................... 22.W 3 !
racoon f'7i
XZt.Zrt) 117.09)
J20J 1S2;3W
11.01 vn
.1S6.S0O
PROVISIONS.
WSrR flrm On (Snrisresasf n es TissB
packers Tradlns was very light. At tho
ciose iiay pork was up 2iiTC,c at 1T.
iS?tLZ7 " J7.07H.- Ribs were un-
Fl'-ur. bbls
Wheat, bu...
Com. bu ...
Oats, bu
Rt. bu
Barley, bu..
Provisions
J
!
I
51
.1 tH
:oi..i .e .'.
2 i-vr jlzyr'Wrri
tepi&1&jL&$i&irzfd
'J
t&k&gSgpj
- --- - -
m