Newspaper Page Text
MARKET WAS CAUTIOUS Board-Room Traders Attempt? ed to Bid up Prices. FOUND STOCK FOR SALE Spilling Out of Long Slock by Tired Holders, While Not of Largo Volume, Made Closing Weak at About Lowost, (Rr A??oclat?.l Pro??.? NEW YORK, May 14.-The board room traders in stocks thought this morning tliat Uiey saw a brighter outlook and they Marled to hid up prices In an exceedingly cautious manner. They demonstrated to their own satisfaction that stock was for sale at the higher level, so lliev gave up the attempt to lift tin.? market. When they attempted to sell they found a very Ughi demand and _ yielding markot. The professional traders aro oulto nn cautious, However, on ihe short sido its on the long ?Ide, as they lind it very difficult to buy pack stocka at the lower levels. During tho last hour to.day thero was a spilling out of long stock by tired .holders grown disgusted with the lethargy of the mar? ket. This veiling movement was not o? lingo volitine, but It was still In pro? gress wbeh the market closed, making It weak at about tho lowest. Tho rather brighter view of things inken this morn? ing was due principally to the tone of the market review of the Iron trade bv a lending authority In that trade. Tho United States: Steel stocks nnd those of In? dependent companies wore notably ilrm In responso to this showing. But further price concessions In pig Iron were report? ed during the day, und the unstable con? dition In the iron market had Its Influence In the late break In prices. This morning"? report of a possible ad JtiHtmetit of the lal">or difficulties on the, Oreat Northern system was a Cheering In? fluence. Hut railroads In the ?Northwest were notably weak afterward-, St. Paul, in fact, led the late decline with a droii, to 1% below last night. Northwestern lost over a point and Its preferred stock, whioh sold last February at 230. waa offered down to 210 before Unding a purchaser for a ?Ingle hundrod shares. The announcement of ? ? export o? tl.Otfi.GO. In gold to Argentina was an un? favorable Influence, taken In connection with other developments In the foreign ex? change situation. Although the open market rate of discount is declining in London, the retention of the Bank of England rale was a disappointment. The unremitting activity in tho cotton specu? lation etili continues to keep alive the solicitude over the foreign exchange sit? uation. Tho bond market was quite broad, but Irregular. Total sales, par value, $2,{_0, 000. United Slates _'e, coupons, advanced '/i per cent, on the last call, The total sale.?? of Stocks for the day were 390,800 shares. MONETY AND EXCHANOE-CL08E: Money on call easy at '?W?-hi per cent.; closing, _V??2% per cent.; time money, steady: sixty days. -}?4j>l per cent.; ninety days, 3>?-l per cent..: six months, 4V4 per cent.; prime mercantile paper, 4??4?_-,/4 per cent. Sterling exchange steady with act? ual business in bankers' bills at J4.88 for demand and at M.K for sixty da ? bills; , posted rates, ??.KV. and U.8-?fl.._9; com? mercial bills, I4.84*4?484H. Bar silver, D4%: Mexican dollars, 43; government bonds llrm; railroad bonds Irregular. EDITORS'VIEWS; . What New York Afternoon Papers Say of the Market. (Special to Tbe Ti-ies-rjliipstc?j.) NEW YORK, May H.-The Mall and Ex? press say?: With an? extremely dull and uninteresting stock market, and with prices swaying to and fro frequently, the lowest level being made In the late after? noon, attention wae directed to other mat? ters, such as the full statement of the country's foreign trade in April, the Euro? pean bank statements, the prospects ot gold exports in the future and the cotton epeculatlon. The List named is .having a' detrimental Influence on the textile Indus? tries of the country and the New York dry goods trade. ? There 13 no doubt whatever that this cotton ?peculation la holding the atqck mnrket In check ag to the volume of busi? ness, and also that it Is previ?tln_ a re pponse ln prices that might othorwlso be ?natie to tno recent extraordinary .rnl?lc ?talements of the railways. Speculative Wall Streot has a lurking fenr that culmination of the bull move? leu-? In the Southern staple, which may como at any moment, may bring ln aome troublo that incidentally might react on Iho security markets. The Commcrolal-Advertlser says: Con. aitlona outside the market were, aa a rule, favorable to-day. .-._,__, Although the Bank of England direc? tors still refused to reduce their discount rate, tho money markets continued easy ?nd sterling exchange grew aomewhat ?asler, butting an end to any further gold ?xports for this week. The strike of the Great Northern em? ployes, which -yesterday seemed certain? to-day appeared to afford considerable hope of a compromise. Since last Friday the banks have paid over altogether more than ?l.800,000. Prices on the Stock Exchange held up fairly well during the early trading, but they fell -harply when a determined raid waa made against the market In the final dealings. Liquidation was notable, but the absence of support waa, as usual, keenly felt. The Evening Post aays: Events which had more or less to do with the course ?f to-day's atock market?which was dull and rather weak?were a further rise In potion and ft further declino In foundry [ron and announcement that another ?,???,??? gold would go to Buenos Ayres. New York was little more than a spec? tator In tho cotton movement, and has little clue to Iho upshot of tll.e whole af? fair. , ... The lower Iron prices?to-day's reduc? tion being only alight?perhapa derived added interest from the remarkable ? re? turns of the country's present output, the May 1st figures, published this morn? ing, showed the largest weekly produc? tion In the country's ?history. April s en? tire output ran 19,000 tons above that of March, nnd 76,000 tons above any other month on record. This has very obviouu relation to the course of prices, and ex ?jlelns tho trade's expectation of fllmln ihed Iron Imports, Stocks began with an uncertain movement, gome rising fraction ?Hy, hut a further continuous ebbing oft of values followed, A few stocks, notably Bt, Paul, yielded rather sharply toward? tho close. RICHMOND STOCK MARKET. Richmond, Va? May 14, 1903, SALES. Virginia Centurles-JlO.OOO at 92U: ?10.000 kt 921,4; $2,000 at 92V? BTATE SECURITIES, Bid. Asked. North Carolina 4's, Q., 1910,.., 103 ya. 3's. new, C. and R., 1933,.., 91% ... THOMAS BRANCH & CO (ESTABLISnUD 1833.) MEMBERS New York Stock Exchange, Kew York Cotton Exohange. PRIVATE WIRES TO PRINCIPAL MARKETS. ?.vestment Securities. 0 tO$OW$0$<ry$CMyx>lO?O?O?<>t<M I OFFICIAL RANGE AND SALE OF STOCKS IN NEW YORK | By Thomas SALES: Open. High. 200 American Can com. 7% 7% 2000 American Can pfd. 4?if, 47 300 Amorlcnn Grass Twine. 14 11 800 American Cotton Oil com. 40?*, 40% 900 American Loeomotlvr; com. 25% 20"% 200 Amcrli'nn Locomotivo pfd. ?2?'?, 92% 200 Anaconda . 104 104% 428 American Car and Foundry.... 39% 39 U 2400 American Sugar . 12.V; 120 11350 ?., T. and Santo Fe com. 79', 79% 10O ?., T. und Sante Fe pfd. 97'?*, fi7?? 2(000 Amalgamated Copper . 65% 66% 990 Baltimore nnd Ohio. 92% 9'?% ?2? Brooklyn Rapid Transit. 6".% ?5% 4?50 Cnhndlan Pacific . 132 182 3450 CheBnpooUe and Ohio. 43% 43% Canada Southern ."... Colorado Southern com. ... 100 Colorado Southern 1st jird. 01% 61% 64% Colorndo Southern 2d pfd. 2700? Chicago, Mil. and St Paul. If?i4 40100 Chi., Rock Islnnd and Pao. 43 ftVW Colorado Fuel and Iron. 09% 700 Chlcngo Great Western. 22% C, C? C. and St. Louis.,. 700 Consolidated Gns . IW.4 3100 Delaware and Hudson. 177% Del., Lack, and Western. 10200 Erin com .,.. 81% 3900 Erie 1st pfd . G3 IMO Erle 2d pfd . 67 r?V) General Electric . 189% 150*) Illinois Central . 188',!, 1310 Lontlier . 13% 1400 I/oulRVllIe arid Nashville. 117% 3200 Manhattan . 141% 1700 Metropolitan . 181 Branch ?fe Co., Bankers and Brokers. ici 43% 70-1 22% 206? 171% '34% 08% 57% 190 l.*is% 13% 117% 141% 131% i-iOW. 7% 40 14 40% ??% 92% 104 89% 125 78% 97% 04% 91'A G*% 131% 43 158% 42',? &S% 22 yt ??G 174% 'A. G7'*, m. IPS 137% 13% 110% 111 130% Cloa? 7 46 14% 40% 261/. 92% 102 891/4 126 78% ?7% 04% WA m 131% 43 71 23% 04 36 158% 42% 09 22% 89 200 174 li* 071*, rV-% 187% 137H 13% 110% 141 130% BALES: Open. 11600 Mexican Central . 28 24710 Missouri Pacific . 111% 27.V) Mo., Kan. and Toxns com.... 20 1800 Mo., Kan. and Texas pfd.... 60% 6CO0 Now York Centrnl. 129% 14O0 N. Y., Ont. and Western......... 29% 1200 Norfolk and Western. 71 34740 Pennsylvania . 129% Pressed Steel Cnr. 2G.0 Pressed Steel Car pfd. 91% lio Peoplo's Oas Trust. KB 18850 Rending com . 64% Reading 1st pfd. 400 Reading 2d pfd. TO 500 Republlo Iron and Steel com.... 18% 805 Republlo Iron and Steel pfd.... 77% Sloss . St. U, and San Francisco. St. L. and San Fran. 2d pfd. Seaboard Air Lino com. ... Seaboard Air Linn pfd. St. L. and Botithweitern pfd-. 5700 Southern Paclflo ..-.. 64% 2100 Southern Rnllwfty com. 80% 100 Southern Railway pfd. 92% ,4000 Tennessee Coal and Iron. 02% 900 Texas Pacific . 36% 153O0 Union Pacific com. 80% 976 Union Pacific pfd. 91% 5100 United States Steel com. ? 10200 United States Steel pfd. 83% Va,-Carolina Chem. com. Vn.-Carolina Chem. pfd.1?; 100 Wabash com . 27%. 11CO0 Wabash pfd . 48% Western Union .?? 700 Wisconsin Central . 23% 100 \VlsconsIn Central Dfd. ton High. 28% 112% 20% 67% 129% 29% 71% 129% ?>2 102 64% '70 18% 77% 80% 92% 02% 86% 90% 91% .11'?* 83% Low. .is av-?' 50% 12X% 28% rovi 128% 'iii'% 103 52% %% 18 77 6t 2Ji% 82% 61?4 84% 80% 91 H-, 33% 83% '27% 48% 'a 46% Close. 27% 57% 128% 28% 70% 128% 69% ?m 101% 62% 84 09 18 77% 58 78 09% 26% 42 63 64% 29% 92% 61% ? 91% il 48 85 23% 46% U. B. refunding 2's. registered.1t>.*% U. S. refunding 2's, coupon.105% U. S. 3's, registered.107V? U. T, 3's, coupon .107% U? S. New 4's. registered.135% U, B. Now 4's, coupon.136% U, S. old 4's, registered.110% U. S. old 4'a, coupon.110% U. 8. 5's, registered.102% U. 8. 5's, coupon.102% Atchlson, Renerai 4's. 100% Aleniseli, adjustment 4's. 91 Baltimore nnd Ohio 4"b.102% Baltimore and Ohio 3%'s. 94 Baltimore and conv. 4's. 100 Canada Southern 2d's.105% Central of eGorgln 6's.,,..100% Central of Georgia 1st Ine. 78 Chesapeake nn?l Ohio 4%'s.104% Chicago and Alton 3%'s. 7" Chicago, B. and Qulncy new 4's. 91% CLOSING BOND QUOTATIONS. Chicago; M. and Bt. Paul gen. 4'e... 110% Chicago nnd Northwestern con. 7's.. 131% Chicago, Rock Island and. Pac. 4's..,. 105 C. C, C. and St. Louis Ben. 4's.... 100 Chicago Terminal 4's. 84'A Colorado and Southern 4's. 08% Krlo prior lien 4's. ??1/. Brio General 4's. Fort AVorth nnd Dcnvor City let's... Hocking Valley 4%'s. Louisville and Nash. Unified 4's. Manhattan Consolidated Gold 4'a... Mexican Central 4's. Mexican Central 1st Ine. Minn, and St. LouIr 4's. Missouri, Kan. and Texas 4's. Missouri, Kan. nnd Toxas 2d's. Now York Central gon. 3%'s. New Jersev Central gen. 5's. Northern Pacino 4's, , 80 , 111 . 107% , 101% , 102 80 2774 300% 99'/? Siti 102% 132? 102 Northern Pacific 3'?. 71% Norfolk nnd Western con. 4's. 100 Rending General 4's. 97% St. L. and Iron Mountain con. 6's.... 112% WA 94?*?; St. Louis and Ran Francisco 4'e._ St. Louis Southwestern let's. 94* St. Louis Southwestern 2d's. 82% Ban Antonia and Arkansas Pass 4's.. 80 Southern Paclflo 4's. 90% Southern Railway 6'8. 116% Texas and Paclflo Ist's. 118 Toledo, St. L. and Western 4's. 75 Union Pacific 4*s. 102% Union Pacific conv. 4's. 99% Wabash 2d's.- 107? Wabash Deb. B's . ^77 West Shore 4"s. Whiellng and Lake Krle 4's. Wisconsin Central 4'8. Contlne/Lal Tobacco 4's. Colorado Fuel 6's. Rock Island 4's ../ Pennsylvania 3%'s ../ M. and O., collateral trust 4's/ Central oi Georgia 2d Inc..,/ ?,. Va.?CiVolina Chemical Co. */,.?'.... A'a.-Carollna Cliernlcal Co./.J. 109% 91% 92 01% 87% 84% 95 93% 80% 122% Va, C?nturles, 2-3, C. and R. 52% 92% RAILI.OAO HONDS. A. C. L. R. R. Consol. Tr. 4's.. 94 95 Char.. Col. and Aug. 2d 7's, C... 112 Oeorgla Pnc. 1st 8's. C, 1922.. 120 Ga., Southern and Fla., 1015? 114 ... Georgia and Ala. Con. 6's.... HO Nor. and Western Con. B'a..., 53 ... Pet Class A ?'s, R. C, 1526.... 114 Pet. Class B C's, R. C. 1920.... 127 S. A. L. Con. 1st 4"s, 1950. S3 ?3% RAILROAD STOCKS. Par. Atlanta and Charlotte.lW.lfi? Atlantic Const Lino "A"....100 1_> Atlantic Coast Line com....100 128 Chesapeake and Ohio.100 44 Nor, and Western pfd.100 90 .... Norfolk and Western com..100 71 Seaboard Air Line pfd.100 42% 43% Southern Railway pfd.100 92 28 Seaboard Air Line com.ino 25 2d Southern Railway com.100 30 BANK AND TRUST COS. American Nation??! .100 124 Broad-Street Bank.25 2C% 27% City .:.25 33 ... Flret National .100 20 210 Merchants National .100 290 Planters National .100 340 Southern Trust Co.100 112% ... Union Bank of Richmond...//) 183% 1G5}_ Virginia Trust Company?100 115 INSURANCE COMPANIES. Va. Fire and Marine....,...,.25 37% ... MISCELLANEOUS. Amer. Tob. Co., pfd.. S p. c.109 .., 150 Amerlcan'Locomotlvc pfd....100 93 94 Va.-Car. Chem. pfd., S p. c.100 124 125 Va.-Carollna Chom. com.100 l?2 83% Va.-C. C. Col, Tr. 5 p. c. 98% BALTIMORE ?STOCK-MARKET. BALTIMORE, MD., May 14.?Seaboard Air Line common, _">T?25?4: do. preferred, 42-_2%. Seaboard 4's, _-T__?3. Atlantic Coast Line common, 12SSfl_9; do. preferred, unquoted, Wall Street Gossip. iSdwIfi! to 7_e _l_i??-DUnat?_.V ? NEW YORK, May 14.?The opening of the stock market waa generally fairly firm, as tho previous day's professional pressure had not brought out stock In quantities, while the labor and other news waa generally regarded as favorable. There was some disappointment that the Bank of England had not reduced Its rate, but this waa offset by the absence of the expected gold exports. PENNSYLVANIA. Tho liquidation In Pennsylvania appear? ed to havo about run Its course, and It was thought that some of tlie Philadel? phia houses were short of the atock. The buying looked better than the selling. COLORADO FUEL: The manipulation ln Colorado Fuel was resumed with conalderable success and was materially helped by the kno?vledge that most of the stock was closely hold, and that consequently It would not be dif? ficult to mark It up, There was no con? firmation of the report of special pur? chases by the Rockefeller interest. THE FIRST HOUR: In the first hour, in apite of the renew? ed liquidation in Rock Island, the room developed a distinctly more bullish tone, and the floor traders were generally operating for a rally. There was a little commission house trading, but London wae not doing much. U. S. STEEL: The appearance of better support ln Unltod etntes Steel hod a generally fav? orable Influence, nnd especially as Steel officials did not give any countenance to tho reports of a draining demand. It was thought poesible, however, that for? eign competition would Influence the mar? ket In the near future. THE GOULD ISSUES: Tho simultaneous atrongth of a num? ber of Oould lasues revived the old atory of a holding company for the Gould roads. The moat vigorous of the manipu? lation seemed to be In Wabash preferred and Missouri Pacific. SUB-TREASURY DEBTOR: The sub-Treasury was debtor at the clearing-house 1954,929. Inquiry haa been made at 'the sub-Treasury by two banks for {500,000 each in eagles for shipment to Argentina Saturday. THE SECOND HOUR: The market was inclined to shade off In the second hour and traders took profits in places, using the expected shipment of gold to Argentina on Saturday as a bear argument. It was recognized, however, that there was no possibility of any ex? ports to Europe before next Tuesday, even If oxchange continued favorable, which was by no means certain. MANIPULATION SUSPENDED: Thero was some reason to thlnlt-Oint manipulation In Colorado Fuel and Iron by the younger Rockefeller element has been temporarily suspended. QUIETLY ACCUMULATING ST. PAUL: St? Paul noted as If It were being qulot ly accumulated and held about the present level to facilitate the operation. It was checked whenever the traders tried to take advantage of the buying to.bid It, but there seemed to bo a good market for any genuine selllrj;. THE AFTERNOON TRADING: The tone was very dull In the early afternoon and a little heavy, although there did hot seen? to be much long stooH coming out except, l'i New York Central. The aupport tn the Gould stocks seeniod as good as any, but the Grangers held ?veil Ir? view of the Improving labor outlook. NEW YORK CENTRAL; There was a poor market for long atock In New York Central, and It took nearly. all day to realize 1,000 shares for one tired holder, and then only at concessions of % on each hundrod. The expected new capitalization Is unquestionably bringing long stock to market. WABASH AND MO. P. : W. E. Can-Sir waa again credited with some activity ln the Wabash issues arid perhaps ln Missouri Paciiis. THE CLOSE: The close was heavjr and stocks were generally lower. There was not much stock pressing for sale, but nobody seem? ed anxious to bid up, and the Waldorf Astoria crowd had apparently a little to sell.? Commission house business was no factor at any time during the trading. COTTON M-JRKETS. NEW YORK. May 14.?The cotton mar? ket opened firm with prices 3Q10 points higher, and while the volume of transac? tions was not so heavy as that reported yesterday, rule tremendously active and excited. The early strength was under a renewal of the scramble of shorts to cover, which this morning j'eceived en? couragement from the sensational atrength of spot cotton at Liverpool, where an ad? vance of 6.10 In tho fair for middling was reported with sales of 20,000 bales. At the initial prices .hero realizing sales were very heavy, but tho market advanced to a lQvel net .?14 pointa above last night's clbs'-ig : before any mate>rlal halt ln the upward movement could be effected. Then It appeared that the shorts, who for the time being could bo forced, were pretty thoroughly covered, and It was noted that the prolonged advance was having tha effect of attracting actual cotton to this market from all directions. Including Eu? rope. This, with the covering previously effected, naturally eased the market for the moment and the lout sold off to a level net G points higher to 8 points lower. Later, however, the?e was renewed ex? citement under strong advices from South? ern spot markets and smaller receipts than expected, which brought about a fresh scare of shorts, |nd the covering bo came quite as active aa at any time re? cently. .Under this prices were sharply rallied, touching new high records for the day and season. May sold up to 11.44, July to U.00 and August to 10.7C. these prices never having been surpassed during the last ten years, so far as these particular options aro concerned, though during the famous January corner ln 1901 the spot month sold up to 12.75. The weather to? day was favorable, exports light, and while the spot markets In this country were strong, and In most Instances high? er, small sales were reported. T.heso fac? tors exerted little Influence, owing to the speculative conditions now obtaining, how evor, and the market at' the close was very steady at within about 2<86 pointa of the best of the day and unchanged to 17 points nlgher on all except June, which was nominally 6 points lower. Total sales of futures were estimated at 750,000 bales. Cotton futures opened firm and closed very steady. Opon, High. Low. Close. May .11.38 11.4+ 11.35 11.39 June .11.03 11.03 10.84 10.97 July .70.95 11.00 10.80 10,97 August .10.03 10.78 10.50 10.70 September .... 9.50 9.59 9.38 9.49 Octobor .9.00 9,01 S.90 8.96 November .... 8.8S 8,90 8.81 8.8S December .8.88 8,89 8.97 8.8a January . S.S8 8.S9 8.79 8,80 Spot cotton closed quiet, 6 points higher: middling uplands. ll.GO; middling gulf, ? 11.85; sale?, 6,W0 bales, Cotton, quiet; middling, 11.60; gross re celpts, 7.093 bales; Bales, 5,800 bales; stock, 125,469 bales, Total to-day at all seaports?Not re? celpts, 7,108 bales; export to Great Britain, ?24 bales; to Fronce, 100 bales: to the Con? tinent, 1,12- bales; stock, 284.478 bales, Consolidated at all seaports?Net re? ceipts, 49,d34 bales; export to Groa, Britain, 4,642 bales: to France, 10.394 bales; to the Continent, 29,164 bales; to Japan, 500 balos. Tola! since September 1st at all sea? ports?Not receipts. 7,486,233 bales; export to Great Britain, 2,680,835 bales; to France, 74.S.KU bales; to tho Continent, 2,887,443 bnles; to Japan,134,115 bales. NEW ORLEANS? May 14.-COTTON Spot cotton was very quiet. The offerings were'light and factors are apparently making an effort to keep the price of spot cotton as near as possible to the surrent rates of futures for the summer months. Quotations %c. higher. Futures at the opening were Irregular with bullish sentiment seemingly stronger than ever. Trading was heavy, longs realizing freely and shorts eagerly talc? ing everything thrown Into the ring. For the first half hour fiulluations were rapid nnd wide nnd the excitement was Intense, July opened up 21 points; August, 20; Sep? tember, 11. From these levels there was a recession, duo to liquidation. Tho ad? vance at the opening was caused by sen? satinimi reports from Liverpool, where earlv In the day spot trading had reached 20,000 bales and prices ?vere up 10 points and advancing. In the future market the opening was called firm with prices at an advance of 10 points ln the near months and 5 ln the distant. This advance was maintained and added to "hy 1 point throughout the day, Aftor t.he opening here Julv snld down to ll.Sfl, then up to 12.07; August do?vn to 11.21 and up to 11.60; September. 973 and up to 0.87; October to 8.85 and up to 8.98. Later in the day tha market was very strong, the net gains being 8 points on ?lay, June 14, July 26, August 84. September 4. The other new crop months lost 1?/2 points. Cotton futures feverish: May. 11.64 bid; June. 11.74 bid; July, 12.04?P12.05; August, ll.45fill.4t,; September. 9.80?.9.81: October, 8.?W??8.91; November, S.75ti-.77; December, 8.75_.?.7?. ? PRODUCE MARKETS. NEW YORK. May 14.? FLO.UR?More ? active and steady. ' Rye Flour?Quiet. Cornmoal?Steady. Rye?Steady. Barley Stetidy. Wheat?Spot Irregular: No. 3 red, 83%e. Options at first ?vere quite steady, except -Muy, which broke under realizing. At noon the whole list weakened, owing to poor export demand, but later turned firm on bullish French crop news, local cover? ing and complaints of Insect damage in the Southwest, closing %*S%c. net higher. May closed at S3%o.; July. 77*4a; Septem? ber, 75 1-lOc. ; December* 76%o. Corn??Spot steady; No. 2, 53?ic Option market was quiet and easier because o? Improving weather, fairly large receipts and local unloading. Tho close was %@%o net lower. May closed at 0394c. ; July, 52c.; Boptembor, 60%c. Oats?Spot dull; No. 2, Sitie. Options lower on clearing weather Went. ?lay closed at 41 e. Beef?Dull. Cut Moats?Irregular. Lard Quiet: refined, dull. Pork?Steady. Tal? low?Steady. Rosin?Steady. Turp?n? tlne-Flrm at 60fS?50%c. Coffee?The market for coffee iutureE opened dull with prices unchanged to d E oints lower under eaeler French cables, ut ruled very quiet during the session with closing prloes steaay on the opening basis. Sales, 13,000 bags. Spot Rio, qulot; mild, steady. Sugar?All grades of refined sugar were to-doy advanced (Se. a hundred pounds, making the price of standard granulated $4.85. Raw, firm; refined, Arm. Confec? tions' A, 84.70; mold A. ?'.10; cut loaf, $5.45; crushed, $5.45; powdered, ?4.95; granulated, $1.85; cubes, $5.10. Rice?Firm. Molasses-? Quiet. Butter?Firm; extra creamery, 22c.; State dairy. 17^21c. Cheese?Steady; State, full cream, fancy small, colored and white old, lSijl5c. : large, colored and white old, 13w 14%o. Eggs?Steady; State and Pennsyl? vania, 15@17c. Potatoes?Steady ; new Southern. $3434.25; old prime, per ISO pounds, $1,S7@2.12; Jersey sweets, basket, $L12*?l.2S. Peanuts?Steady; fancy hand picked, 4%*?7<4%c.; other domestic. ?%@3%c. Cabbages?Steady; Norfolk, $l@i.25. Cot? ton?By steamer to Liverpool, 12c. CHICAGO, ILL.. May XL?? Inactivity was again a marked feature lu both the grain and provisions pite to-day, but wheat ruled firmer. July closing %c. higher. July, corn wae off %@%c; oats were down a shade, while September provisions closed from 5*37%c. lower. Tho leading futures ranged as follows*. Open. High. Low. Close. WHEAT?No. 2. May . 78% 78% 70% 78 July . 72% 72% 71% 72% Sept. GS% 70% C9% 70% CORN-No. 2. May . 45 45 44% 45 July . 45% 46% 44% 46 Sept. 44% 44% 44% 44% OATS-No. Z. May . 35% 35% 85% 35% July . 82% 82% 32% 32% Sept. 30% 30% 80% 30',4 MESS PORK-per bbl. May .18.80 18.80 18.80 18.80 July .17.10 17.100 17.10 17.10 Sept .16.00 16.62% 16.67% 16.00 LARD-Per 100 lbs. May .8.77% 8,82% 8.77% 8.80 July .8.85 8.90 8.82% 8.87% Sept, .8,*>2% 8.05 8.87% 8,02% SHORT RIBS-Per 100 lbs. May . 9,30 July .9.27% 0.8S 9.20 9.35 Sept.9.17% 9.20 9.12% 9.17% Cash quotations were ns follows: Flour dull and steady. No. 2 spring wheat, 78%@ 79%c; No. 3, 7*2<o79c; No. 2 red, 7G%<3*7S^c. No. ? corn. 44%(3-l6c.; No. 2 yollow. 46%c, No, 2 oats. 35%c. ; No, 2 white, 37%.; No. 8 white, 35@36%c. No. 2 rye, 49%<?JoQc. Good feeding barley, S%41c; fair to choice malting, 60<fiS7c. No. 1 flaxseed, $1,11; No. 1 Northwestern. $1.15; prime Timothy seed, ?3.G0. Mess pork, per barrel, -J17.37Vf@17.50; ard, per 100 pounds, $8.77%@8,82%; short riba Bldee Goose), $9.20(80.30; dry salted shoulders (boxed), $8.2008.37%; short clear sides (boxed). $&,60<?.?32%. Whiskey, bnsls of high wines, $1.30. Clover, contract grade, $12.50. Butter?Firm; creameries, 10021c; dairies, loB'lSc. Eggs-Steady at 14%?14%Q. Cheese?Weak at 12%@12% to 13%013%c. BALTIMORE, MD., May 14.?FLOUR Dull, unchanged. Wheat?Very dull; spot and tho month, 79"4i*Wo.; Southern by sample, 70(3?0c. Corn?Firmer; spot and the month, 61*3*Jl%c.; Southern white oorn, 46ii52%o. Oats-Dull; No. 2 white, 40@40%o. Rye-Quiet; No. 2, 60?56%c. Butter and Eggs?Firm and unchanged. Cheese? Weak and unchanged. Sugn-v-st-ionB and higher. _ RICHMOND GRAIT? MARKET. Richmond, Va., May 14, 1903. QUOTATIONS, WHEAT? Longberry . 82 <fiS3 Mixed .83 <&&3 Shortberry. S3 ?383 No, 2 rod . 83 Va. bag lots .75 ?F83 CORN White (Va.) bag lots....,.55 ?SOT No. 2 white. 65 No. 8 white .64 No, 2 mixed .,.64 No. 8 mixed . 63 OATS . No, 2 mixed .86% No. 2 mixed.80 No, 8 mixed .?. 36% RYH.?..65 CATTLE MARKET. CHICAGO, ILL., May 14,-CATTLE Slow, weak to 10c lower, Good to prime steers, $&<SG.50; poor to medium, $40*5; stockers and feeder, $3if5; etoelis' cows, $1.60(34.00; heifers, f?.Wi?-K5. lioge? Mar? ket 6*310e. lower, Mixed and butchers, $<?.30???1.&5; good to choice heavy, $6.?3u*??i.S5, Sheep and Lambs?Slow to lOc, lower. Oootl to choice wethers, $4.90*55.60; native Jambs, ti.SO?i'l.H. NI5W YORK, May 14.-B12EVES Dressed steady. City dressed, native aldea, extreme range, 7i<9%c. per pound, Calves? Veala sold at $541*7.60. City dressed veals, Srflllc. per pound. Sheep und l/iimbs Good sheep slightly stronger; other gradee steady; lambs steady; spring lambs firm. Sheep sold at $5G?<?.76: car of Maryland spring lambs a< W?W pur 100 pounds. Dress, cd mutton, S%vt'll%c. per pound. Dressed lambe, extreme ranfie, lKi.ii.u?. per pound. BAST LIBERT?. PA., May 14?OAT? JOHN L WILLIAMS & SOHS BANKERS, Dealers In RICHMOND, VA., SOUTHERN INVESTMENT SECURITIES. MUNICIPAL BONDS A SPECIALT*. Correspondence Invited. TLEStoady. Choice. ?-.3O<ire.40; prime, t50 6.20; good, $4.76(f(4.ST?. Hogs?Ixiwer. Prime heavy, $8.76; mediums, heavy yorkers, light yorkera knd pigs, $0?70; roughs, $.Vfj; 6.30. Sheep-Steady. Beat wethers, $5? 5.20; culls and common, J2<S_; choice lambs, ?7S7.2?; veal calves, W@ti.60 CINCINNATI, O., May 14.^-HOC.S Qulet at }4.5OJM.E0. Cattle?Easy at $2.75-751 4.8?. Sliee.p?Htesdy at $3.6. Lambs Steady at J4.2oiS8._3. MISCELLANEOUS MARKETS. HIDE AND TALLOW MARKET. CHICAGO, ?LL., May 14-(Allen-Mlle? & Co.'e Hide and Leather .Letter).?Five cars late April and May heavy Texas steers sold at 14%c., with lights previously re? ported sold at 12%c. and extremes at 10%o. Heavy Texas alone are held at 14% to 15c. Twolvo hundred December native steer hides sold at 12%o.; 11,000 April native steers sold at ll%c. to buyers that wclild not bid lie. for March. Branded oowa are cloaoly sold up and steady, ag light union solo feather Is held at lc. advance. No sales of nativo cow hides are reported. Tendency of the markot is easier. New York wires that tho trust advanced light union la No sales at tho advance, but good trading at old price. Several thous. and sldee of heavy union back and Texas oak sides and belting butts were sold at %c, decline. Country markets are'steady, no efforts being made to sell or buy; deal? ers previously sold the bulk "of the month's receipts. TJiere aer no orders ln the handa of buyers here, and ln that re? spect tho market ls weaker. Oleo stearine la offered at 9c. Tallow dull, unchanged. London cables 1,800 casks offered and one fourth aoid at six pence decline. Greases % to%c. lower. Ono car of dry fallen hldet offered at 16%c. PEANUT AND PEA MARKET. NORFOLK. VA., May 14.?The peanut market is quiet to-day. Tho only changa in prices ls Spanish nuts, which have dropped ln prlco to- 77%c. a bushel. The prices are as follows: Fancy, quiet at 3o.i strictly prime, Hie: prime, 2%c. ; low grades, 2c. ; ma? chine picked. 2t3_%c; Spanish, 77%c. per bushel. Blackeye peas, $2.25 bag; black and speckle peas, $1; clay and red pcaa, tOc. Peanut bags in balo'-OS In.. 7 4-l0o. PETERSBURG. VA? May 14.?PEA? NUTS?Spanish new. market very firm at 77%c; sellers asking more. Virginia's? Quiet at 3c. DRY GOODS MARKET. NEW YORK, May 14.?Prices in dry goods are unchanged with a slight ten? dency upwards in certain grades of bleached. Print cloths havo been bought up with an Idea of Influencing the raw cotton market. Buyers are uninfluenced by the firm condition of piece of goods or tho continued high prices of cotton. NAVAL STORES. SAVANNAH, GA., May 14.?TURPEN? TINE?Firm at 4G%c.; receipts, 758 casks; sales, 889 casks; exports, 324 casks. Rosin?Steady; receipts, 1,753 barrels; sales, 715 barrel?; exports, 8,004 barrels, CHARLESTON, S. C. (May 14.?TUR? P?N.INB-Qulet at 46V.Q. Rosln-Quiot, COTTONSEED OIL MARKET. NEW YORK. May 14.?Cottonseed oil was quiet and steady without change. Prime crude, f. o. b. mills. 35c. ; prime Bummer yellow, 42%(?M-C. : off summer yel? low, ?fl%#3Sc.: prime white, 4GQ47C; prime winter yellow, 46<g>17c. ; prime meal, $27@ 27.60 nominal. MARINE INTELLIGENCE. PORT OF RICHMOND, MAY 14, 1903.? ARRIVED. Steamer Berkeley. Guy, Norfolk, mer? chandise and passengers, Old Dominion Une. Steamer Pocahontas, Graves. James River landings and Norfolk, iper-handlse and passenger?. Virginia Navigation Co. Steamer Winyah, O'Neill. Philadelphia, Pa., merchandise and passengers, Clyde line. Barge Marlin, Freed. Philadelphia, Pa?, coal, S, H. Hawes & Co. SAILED. Steamer Berkeley, Guy, Norfolk, mer? chandise and passengers, Old Dominion line. Schooner John S. Beacham, Morgan, Now York, pig Iron. PORT NEWPORT NEWS, MAY 14, 1903, ARRIVED. Barge Mabel L. Phillips, Boston. Barge Indiana New Haven. Bargo G. R. Skolflold. New York. SAILED, Steamer Elizabeth, Quebec, Schooner Horace W. Macomber, Provi? dence. Barge Knickerbocker, Providence, Barge Ohio, Beverly. ARGUMENTS BEGIN TO-DAY Additional Affidavits Submitted in Case Against Southern Roads. (Br Associated Press.) ' MACON. GA., May 14.-In the United States Court to-day In the case of the Georgia Sa?v Mil) Association vs. the Southeastern Freight Association, and tlie several railroads composing the samo, additional affidavit, woro submitted by the defandant.i. J. M. Culp, fourth vice-president of the Southern Railroad Company, Jn charge of the traffic department, submitted an exhaustive statement. He reiterated In emphntlo terms that the Southern Rail? way Company formulated It's own rates, and that its freight tariff policy waa In no way controlled by the Boufheastera Freight Association. S, F. Parrott, chairman of the South? eastern Freight Association submitted art affidavit, In which he stated that the as? sociation does not fix the rate, but compiles and puts into circulation the declared tariff promulgated by the aer? erai roads. He stated that the association perform? ed work at a oost of $27,000 per annum, and that It would cost the roads not less than $av?.000 per anuuro If done by them Individually. The defendant- closed, and the com? plainants will submit to-morrow rebuttal evidence; and then the argument will begin. Four houis are allowed each aide for argument. Gold for Export. (By Associated Press.) NEW YORK. May 14.?A provisional engagement of $500,000 gold coin for export to Argentina on Saturday has been mado by the local agent of the London and Rlverplate Bank, Limited. Inquiry for an additional $500,000 In gold for South America has been made at the subtreasury. Allen-Miles Co. D-AUER8 AND EXPORTERS., HIDES, TALLOW, &c. Write for Prices. See our Market. Letter on this Page. Allen-Miles Building, ATLANTA. GA. ?-"INANCIAL. LARGEST CAPITAL AND SURPLUS OF ANY BANK OR TRUST COMPANY IN THE SOUTH-ATLANTIO STATES Richmond Trust and Safe Deposit Company. Tenth and Main Streets, Richmond, Va? Capital and Surp.us $1,712,188.69 Executes Trusts, Receives Deposits from $1.00 and Upwards. Allows 3 per cent. Interest on Dally Ualanccs Subject to Check. Accounts Solicited. Correspondence Invited. JNO. SKELTON WILLIAMS, LEWIS D. CRENSHAW, JR., President Treasurer. JAMES II. DOOLEV, HENRY L. CAQELL. VIce-Presldents, is easily provided by persistent nnd systeinalii: savings. ]t is the duty of every person, voting nnd old, to save something. If you are not already a depositor at this bank, ive invite you to becomo one. ALL SUMS ACCEPTED. INTEREST ALLOWED. 911 East Main Street. S. GALESKI, President. W. GRAY WATTSON, Cashier. ^jsaaaaiSBasaaasBBsaaBmsm I FULL TEXT OF THE DEMURRAGE BILL It is of Groat Interest to the Consigners' of Perish? able Freight. The 'Sonate yesterday passed the Houso bill known as the Angeli -omurrago bill, thus making It only necessary for the Governor to give It his approval to make it effective as law. Tho bill ts of groat Interest to every shipper or consignee of .goods or merchandise and especially of perishable freight. The bill was amend? ed In the' Senate by Mr. Wlckham, hut tho amendment was^ entirely acceptable to tho friends'and th?ipatron of tho meas? ure. Ita effect Is merely to give the owner of goods lost or delayed In livery tho option of taking the deten? tion charges or tho actual damages sus? tained e.s a result of tardy delivery or loss. Here is the bill wtihout tho amend? ment: 1. Bo It onaeted by tho General As? sembly of Virginia, That from and after tho passage of this act, power is hereby conferred on the State Corporation Com? mission of the State of A'lrglnla, and It is required to fix and prescribe a sched? ule of rates for storage of freight in depots and for demurrage or car servlco on freight in carload lotB. to be charged by ??ailroad and other..transportation com? panies doing business ln this State, and to fix tho timo after the reception of freight at destination at which suoli ?charges of storage; demurrage, or ear service shall begin, with power to vary the same according to tho value and character of the, freight stored, tlio na? ture Of the .iplaco- of destination, tho ; residencOiOf the consignee, and such oili? er fable"? as-in Its' Judgment should bo considered in fixing the sttme, 2. That tho State Corporation Com? mission shall fix and prescribe a sched? ule of detention charges, to be paid by railroad and pther transportation com? panies' to tho consignee. In case of de? lay in the delivery of freight In car? loads, or less, Ut' destination, or where shipments are hod an unreasonable length of time at the station or siding at which they originate, or nt any intermediate point; and the commission shall also fix and prescribo rules and regulations cover? ing tho placing of empty cars and a schedule of detention charges to bo paid bv railroad companies to consignors when cars are not placed for loading In ac? cordance with said rules and regulations, nfter application hits been made there? for. 3. This act shall bo in force from its passage. TRACK AND FIELD MEET North Carolina to Meet Virginia a* ?harlottesville To-Day. (Special to. The Tlmes-Dlspatch.) UNIVERSITY OF VIRGINIA. VA., May 14.?Much Interest'centers in tlie first annual track and field meet botwoen the University of North Carolina and the University of Virginia, which occurs on the University Athletic Field to-morrow afternoon, beginning at 3 o'clock. There are to be thirteen events. Only firsts and seconds will count In tho scor? ings, and tho number of starters will be limited to two, alth/uglt the number of entries will not be limited. The entries ln the various events nro as follows: 100 Yard Dash: North Carolina?Irwin, McNeil; Virginia?Bass, Walker. 1200 Yard High Hurdle: North Carolina? Old ham. Wilson; VJrglnla?Grunt. Mar Bhttll. ' ' tAO Yard Run: North Carolina?Berke? ley, Cook; Vlrglnlnr-McCabo, Beine. U_0 Yard Run: North Carolina?Irwin, McNeil; Virginia-Base, Walker. 220 Yard Low Hurdle: North Carolina? Oldham, Wilson; Virginia?Shaner, Rough? er. Pole Vault; North Carolina?Crawford, Yelvorton; Virginia?Council, Russell, Mile Run: North Carolina?Cook, Cald? er; Virginia?James, Swartwout. 440 Yard Run; North Carolina?Oldham, Ramsey. Wilson; Virginia?Shelton. Gray. High Jump: North Carolina?McNeil, Newton, Wilson; Virginia?Russell, Hol lnday. Hammer Throw: North Carolina?Don? nelly, Oldham, Olios; Virginia?Council, Russell, Huffliiglon, Peete, Broad Jump:' North Carolina?Berkeley. Nowon, McNeil; Virginia?Russell, Schoen, Dulaney, Id Pound Shot; North Carolina.?Donnel? ly. Oldlian?, Giles; Virginia?Council. Rus? sell. Bufflngton, Peete, Ono Mile Relay: North Carolina?Old? ham, Newton, Ramsey, Wilson, Berkeley, McNeil; Virginia?Ayers, Grant. McCabe, Uruy. Bass, Sholton, The following gentlomen will act as officials; Roferee-Dr, William A. Lambert. Starter??. B. Buone. Judges?Alien L. Cox, Wlllson Cham? berlain. B. C. Nalle. Clerk of Course?Kenneth Brown, Timors?P. L\ Rauschenbach, Dr. Vf. G. Christian. Dr. P. B, Burriuger. Scorer? C. R. Williams. Announcer?Walter F. Scott. A Coming Senator. Among those who, It is said, will bo members of the next state Senate is lion. J. Thompson Brown, of Bedford county. Mr. Brown Is an ex-member of the Houso. and slneo his service Ii? that body has represented his county in the Constitu? tional Convention. ' During the present bo-hIoii Mr. Brown lias spent much time here-advocating the passage of the Vir? ginia Polytechnic Institute bill, in which ho felt a keen interest. Ha ia one of the hardest workers who have participated in legislative or convention work for sev? eral sessions, Ills ejmrgy I.? untiring and his enthusiasm lufe.'tiuiis. If he goes Into the "contest tor the Senato nomination, will? that never-say-die spirit which char? acterizes his ?vork for apy measure he espouses, he will set a fast puco for uny one who undertakes to contest wllli him. I YammmaumawtmEmamawamait BUSINESS AND PERSONAL AGGOUNTS SOLICITED BY ~" OF VIRGINIA, HUE, Main St,. Richmond, Va, IKVESTMEHT SECURITIES. Virginia Bonds, Richmond Cuy Bonds, , Chemical Stocks. WYNDHAM DOLLING & BRO,, 'Phone ?12. 1018 Eaat Maini Richmond, Va, . .?. MAKE FREE BRIDGE OF MAYO'S BRIDGE Directors of Chait?ti?r of Com? merce Meet?Mr. Lander, kin Nominated. At the meeting of the Board of Di? rectors of the Rlclimond Chamber of Commerce yesterday evening. In the ab? sence from tho city of Mr. Marx Gunst, Mr. S. M. Woodward, for the Informa? tion of the board, reported the stepa taken by the Committee on Streets, Uou/.s and Parka and other parties Interest?-...' In connection with the movements to havo commissioners from tho cities of Rich? mond and Manchester consider and report touching tho feasibility of having Mayo's Bridge made a free bridge, and the: im? provement of tho structure. Mr. Wood? ward stated that the matter had been duly brought to the attention of then City Council ot Richmond and referred ? to the Committee on Ordinances. Mr. N. It. Savage, chairman of the Committee on Postal and Telegraph Ser? vice, submitted a report of the action taken bv his committee with respect to the Irregularity In tho dellverey of the mulls at Richmond. Prora this report: Is appeared that many of these delays arose from causes which oould not Im? mediately be removed, but that the posti office authorities were making? a thor? ough investigation and had given assur? ances that, in the near future, thi? ser? vici? would bo Improved and that it was their purpose to afford Richmond tho boat service possible. Mr. J. C. Freeman, .-.chairman of the Inland Trade Committee, which had been appointed to represent the Chamber at the meetings hold In March and April for the purpose of organizing* the Virginia Hoard ot Trade, reported that a consti? tution had been adopted, officers had been elected, und that the organlratlon had been, In all respects, perfected. A communication was received from Mr. Ben T. August, city clerk, conveying an Invitation from a joint mooting of tha Board of Aldermen and Common Coun-. ell to the Chamber of Commerce to nom? inate a member of the Committee on the Improvement of Jumes River to fill tha vacancy caused by the resignation ot Mr? Vlrginlus Newton. Upon motion of Mr. Younger, eeconded by Mr. Wingfleld. Mr, A, D. Landerkln was unanimously nominated fo fill thla vn caney. Upon nomination of Mr. L. Z. Morris, associated merchants, William J, White, manager, wore elected members of tha Chamber. Previously elected, but not heretofore published, Mr. Herman S. Mor?? ton, nominated by Mr. J. O, Freeman. Those present at yesterday's meeting were: Mr, H. L. Cabell, president, an? Messrs. R, T. Arlington, J. C, Free? man, N. R. Savage, W. O. Skelton, Charlea Straus, John M. Taylor. Robert Whlttet. Jr., r< D. Wingfleld, S. Mi Woodward and T?. C. Younger, director?. FIRST SUNDAY EXCURSION TQ WEST POINT, MAY 17, 1903. Tinln leaves Southern Depot, Fourteenth? and Cary Streets, at 3 P. M.; leaves We?? Point 8 ?, M. Round trip, 60c. CHESAPEAKE ?Si OHIO RAILWAY. Two-Thousand-Mile Tickets Discon? tinued, On and after June 1st, 2,00ft-MUo Ticket* will be withdrawn from .?alo and replaced by the 1,000-Mllo Refund Interolmiigeabld Tickets heretofore announced. FIRST SUNDAY EXCURSION TO WEST POINT, MAY 17, 1003. Train leaves Southern Depot, Fourteenth and Cary Street?, at 3 P. M.; leaves West l'cliit 8 ?, M. Round trip, 60c. CONFEDERATE VETERANS' RE? UNION, New Orleans La., May 19 to Z2, 1903?. Through Sleeper's via Atlantlo Coast Line. Leaving Richmond Saturday, May lith and Sunday, May 17th, at &:3u A, M. For full particulars, apply tp agent? of c. s; d*il PB&LL. . Division l'an-sentier Agent, 8 938 East Main Streut, Richmond, Va, FIRST SUNDAY EXCURSION TO . WEST POINT, MAY 17, ?0O3. Train leaves Southern Depot, Fourteenth and Cary Streets, al ? I*. M.; Ieav?j4 Wont Point ?> P. M. Round trip, ?JOa