1 r
r < < s
1
r i r
Ml
l
9
20
SMALL RECESSION IN COTTON
A LARGER MOVEMENT
BROUGHT OUT BY NEW PRICES
Bulls Had Heavy Re l1zino to Contend
With Foreign Advice Encouraging
Unfavorable Crop Condition
AT THE CLOSE
Liverpool 1 12 to 264d higher
New York 1 to 8 points lower
New Orleans 1 to 7 points tower
SPOTS
Liverpool unchanged
American side unchanged
Notwithstanding that new features of bull
ishness appeared beneath tho surface jes
terdays cotton market cave the bear an
enlarged scope for actlou The disturbing
element for the time bolac were disclosed
upon the statistical board and the con
ditions there simply reflected the attrac
tiveness which the new pi ice level con
tained for what remains nt Interior ijusr
lers Estimated receipts furnished a largo
share of the easiness evinced br longs
and onre started the tide of ottering
could not be stemmed by even a healthy
mount of absorption
Considerations of the new crop as the
latter now stands offered nothing to re
lieve the position of the price pessimist
fiom antagonism v > llh the nuttiral results
that follow the rule of supply and deuiauu
In fact the latest reports from reliable
ourccs showed crop prepnuitlous to bo
very backward and successful planting to
be much lutcrfered with by a lvck of tuos
ture rotelgu conditions in ere also en
couraging to the highest figure of consump
tion nnd the anrletr to obtain real cot
ton might have stampeded the aUudlng
ground of any uusuipjetlng short
Iheie was no Inclination on the part of
the public to engage In the proceedings
nnd the professional s emefl bent on doing
nothing moro than settle up hi commit
ments Many of that class take this step
at the end of the week and many bulls f
stronger faith Iiaictofore became satisfied
and made a realizing vwive that was diffi
cult to re lst llitcliiatlom took a nldo
berth for n half session ami the scalper
found A haven of delight between tho level
ibat was druwn by operating of different
convictions
The cotton market Is now at a crucial
stage Kaits that relate to the present
yield are eutely In the hand of bulla
Facts that relate to the wants of the woild
are thoroughly Rratlfjlng up to the present
time and It would seem thai nothing leas
tdiock can prevent a continuance of that
condition The situation of the new Clop
Is left among the uncertainties mid It Is
upon this matter that bears will strive
hard for technical consideration In tba
meantime It may lie atated that the abort
lntere t Is an exceedingly heavy otio nnd
If any decided pleasure develops In the
coutse of these surroundings former eipeil
rices may be repented with double empha
sis
lherpolo was for rno t In the ranks of
optimism Snip on the spot amounted to
MXKI bales at unchanged quotations Con
tracts on the rlnal call showed an advance
of 1V164d to Mil The piobable tcrmlni
tlou of the South African war had a pro
nounced effect upon the value of consols
which In turn did much to stir Urn spirit
of speculation ami dismiss any bless of
short time nt I ncasblre
New York opened 2 points up on April
and 2 to 4 higher on later options A small
bound nt once made the best of the day
fter which a steady decline set In atid
tamed bottom prices to be leached within
the same hour TIalf of the low nis hoit
Stock this day
Stock this day last week
Kt ock this day last year
Deficit this seacon
U S Exports
Bales
057741
013727
708800
M0 0
This Last
week year
Exports to Great Britain 2102 10121
Kxports to France 3121
llxports to continent y 205 15032
v Houston Spot Market
Houston Spots closed quiet prices un
changed stock 17702 bales Snlss ISO
Tester Last
Today day year
Lew ordinary 0 H10 Oil 10 6U
Ordinary 7 rilfl 7 ol 0 710
Good ordinary 71510 71510 7
Low middling Sbi 6H 7
pllddllng 0 0 8 511
Good middling OW 0V 8 1116
Middling fair 0 0 0 116
Daily Interior Movement
Itceelpts Shipments Stock
Augusta 20s ti sttsM
> Memphij 34K 1718 o fttl
at Louia lUt 1811 42M2
lloustoa 37M 4740 4UWH
JOtalS 6703 KAai 175003
Comparative Spot Markets
Quotations tot middling at other spot
markets together with the sales
Jlace Tone Today Yesday Sales
Mobil Noail 0 0
Kavaanaa Steady S 1518 8 1518 30
cnarlestoa M131U
TVUaslncton Firm RTJ fcji
Norfolk Dlrm 0 0 n o
iBtmrncn Nom UU U 3W
BestoB Hteady Di 9i
I Philadelphia Steady Wj OH
iMUlU QulM P 11U 0 1lt IVU0
ly recovered and drop of a points fol
lowed The range formed between these
limits continued with tight fluctuations un
til the final call was made In the net re
sult April lost S points May 5 and the
balance of the list went 1 to 3 points lower
except October which declined 1 point
New Orleans started 2 to 4 points above
the previous closs This was the beat of
the day and a stow decline of 0 points
followed after which there was a small
Improvement A drop to the lowest of th
day then made Ha appesrance and after
the first hour a 3 to 4 point rally took
plsee and the rauge afterward varied llttla
from that levol In the net result April
gained a point June and July declined 2
points and the other options dropped 3 to
7 points Sales at the four American mar
kets amounted to 030 bales and spot quo
tations were left unaltered
The seaward movement was shorn of all
Its hugeness Hecelpta nt all United States
ports for the day were lb5 bales compared
with 0170 for the sama day of last week
and 16472 for the corresponding day of
Inst year Thus far In the season they
have been 0IM ai24S bales compared with
OGlS JftO for the corresponding time of
last seasou Kxporta for the day wore
MIS bales compared with 3123 for the
same day of last week and ttlOoO for tho
corresponding day of test year Stock at
Vnltcd States ports for the day was 037
741 bale compared with 843727 for the
same day of last week and 703tt for tho
corresponding day of last jear
The New York Journal of Commerce says
of the ovport trade
So far as actual transactions are concern
ed the oxuoit department of the market has
ruled dull Uut with the strength In tho
raw cotton market there has been an ap
preciably stronger tone on the part of both
manufacturer and buyers The otter
have advstecd their offers In many In
stances to a haslg nt which h week or so
ago uinntifactuierH would uot have Uexl
tuted to close fnlrled eonraets but un
dn tin stimulus of the speculative and
spot law cotton mat Lets the policy pur
sued by Boilers has been the unlfoim one
H turning the revised offers down The
hlghei price of cotton has especially been
a factor with Southern mamifactuiers
In the China inatket the demand Is princi
pally for 32T > to llHjard goods lu other
words the disposition la to buy the light
ir weights On Monday offer for JtlKi
van gomlK that could hae peen torn
fortably filled last week were l ejected
Latent innII advices liulkutu ttint u fairly
general movuiuent to Nottn Caiollna has
set lu
Th stock of Ilnropeaii gray shirtings in
clude lUigllsh and Dutch and It will lie
noticed that American whirlings now up
pent In the Hut The figures under the
fminer bend are tiibttuiitislly In low last
sears leeuniulHtiiui although the Imports
had been en u much mom liberal acale T
loths show a large ltu tease excepting lu
iUju ivhtiti are In relatively small siippl
white shrtliign and hngllsli and Indian
drills set nnd to be iifcumnlallng while
>
than mi Interiiatloutil political or tlnaucHl oteh drill and Kngllsh nnd imliuii
ljtiteh snd American jeans weie in rela
tively i educed suppli t
Tor Ited Sea ports business has been
without new fentute Manchester tnlees
tire still relative ilieapei than those of
Amerlian uiiinufai turirs and theic Is lit
tle Incentive theiefoie for any heart v
efforts for tinslncus Tne India situation
remains dull while the South Mneil an
and Aiistinltan movements do not exced
ionline proportions A fdr jobbing busl
iieH eontlniieti foi Culm i I Im to Itleo
Wlsner A Co wrllng fiom Shanghai
repot I as follows legiiidliig tolfoii goolK
moderate business Iiiih tianspircd from
tit st hands but mui b larger transactions
Hie ti potted as Inning taken place bet we n
deiileiM rrlces have itleaueed eoiieiirrent
lv V1 l 1 lr ° l exchange and nun lie
minted j to 10 i ents higher than Klvn
In inif last circular Th first steamis
of he season for Tien IMin look abmit uor
icnl nuantltles of inttnns and the
lecen
Hon ghen IliPin has einoitraged repent of
JiK 1n l > 1 xclunge Is still nn ad
verse f net or In denting between the ports
1 m1b l n In small lots time
he m 5tM Vlnr1 V ° m > l lft ISstlnmtid
jeans nlP hMln UW > 1 > Im nil
Houston estimated receipt for fomor
inw nre JtOto to HHn agJlmn 020 lust veai
ia 1I < MW to 400D against
n
H2S last rear
COTTON MARKET QUOTATIONS
The range of prices at New York nnd
New Orleans for the active months was as
follows
New York
Slay
July
August
New Orleans
Sliy
July
Gross receipts
Net receipts
Orofa shipments
Flock
Open High Ion
SOOOe 0 00 8S1O
00102 It 03 801
S87 8K 8VS SSO
00102 P02 S04
014 Oil 003
Houston Daily Statement
t Yester
Today ditv
1713 IOdii
020 lbiVi
Close
8P0 0t
P1 03
8 82
8 01 no
1 07OS
I iiit
veil 1
25R2
sVl
irt 1R22 1S31
4770J 62230 7 < 5CO
Houston Comparative Statement
Bales
Cross receipts thus far this week 1713
Oross lecelpts 221 days this season 1018110
Orns terelpts 221 davs WOO 1001 2151412
Gross lecelpts 22S days 1S0M100O l7102 sl
Houston Railroad Receipts
Following are the receipts of cotton by
the various rallroadB entering the city
Bales
Houston and Texas Central 880
International and Great Northern lsfi
tialvcaton Harrlsburg and San An is
Gulf Colorado and Panta Ke 17
San Antonio and A11ns1s Iasj 281
Missouri Kansas and Tons 317
Total
Stock at U S Ports
1711
Memphis Firm 0 u
fct IviiIk steady 8IMO 8H
Low mid
April
Slny
Juno
July
August
September
October
April
Slay
June
July
lAitgtfit
fceptember
October
November
December
January
April
April Slay
xi
lorts
l alveston
N Orlean
IMoblle
riavannnh
x nancston
Wilmington
Norfolk
il alum ore
New York
Bo ton
lYest Iclnt
N Tyews
Ioosacolt
iort Arthur
Uthir paru
li0
wn
Other Spot Markets
GalvesonSpots eloed iittlet prices nn
changed stock 01SS3 bales
tTlH 11 Middling 0
lined or A US V Ul O U
Low mid
1 1 Mid fair
SH SnIn None
New Orleans Spot elosed quiet prices
unchanged ktock 2tiSS bales
Lui Jlliblllug 0
11a
< > mid 0 fi10
loodotd 1owmld 8 < i Mia flv oir 10
SH sPR 7R0
New York Snots ef i n nric un
hinged stock 101121 bale
lood 01d gij Jo0ll j n n
kZ > 3 SIM fair 10 1 It
Middling to
> ilfH rtncl
Liverpool Spot elosed stendy prices un
chatigH and genetn i uir rV > aver de
maud fair M sono MlP1 nf Umrmi
w re Ainerlcan
peculation
and
J Iiae 1irort lm Bales of ejport which
oh wei American
41032 Middling ft 1 tl
toodord
127 32 Oood mid 5 3 1
4 31I2 Mid fair Slfik
New Orleans Future
20SS
17
11KKI
21U
415
WS
104
134
210
411
IW3
134
134
208110
4M00U
M044
is2no
114tM0
2 Ukll
lltibtw
lta4si
4S47
Vesdaya
Opened rioted 0io <
Noml fi pft91 8 02 04
00102 S0VW SOS
00507 0 oooa nirMw
2ii w Hftfii
SOS 80102 S 0VI
82S20 S82H
November W
r er 797a TlotU
7
3 07
oiw iVl i
anuwry 7 31b ° H
u askgd b bid
New York Futures
Yeadays
Opened Clo ed dose
00703 SO0 0S OtVlOil
8tpOe SpoOt 8010U
00301 8037 80SUC
tJ01 t > J 8 0105 8070
8S7SS 8h2 SSIS5
41a S3718 S1S44
81920 81820 hlSV
Sll13 80 < 10 810 1V
81013 8 0700 SOOlfli
81112 80S10 303 11
Liverpool Futures
fWv Aug Sept 453541
1 J5r S1 5 eptOet 44041b
SlnyJnne458501 OetNuv 432a
JuneJuly 45Slb NorUce 42S20b
JulyAug 45S60I IlecJan 42S291I
JanIVb 42G27b
bbtd s selling v value
Net Receipts at All U S Ports
This This This Last
vv ek jear > car
4217 l MubOy lh U0C3
20h > 20704115 2101218
17 H lrjii l MUiH
11KH110U22Mi
aWhSl
lllhlil
2t Utitl
212 001
ifc > Ut > HN
0D4W
m < u
112101
UU1U
70491
ISLeSH
20W4
VUiXN
htoi ks
HOUSTON DAILY POST STNDAY MOTOTNG APKTL 13
STOCK MARKET STILL FEVERISH
SITUATION CENTERED IN
RAILROAD DEPARTMENT
Excited Condition Attributed Largely to
Speculative Operations of Group of
Wealthy Iron and Steel Operators
New York April 12 The situation cen
tering about lxmlsvllle and Nashville was
the subject of keen Interest In Wall street
today and kept the market feverish and un
settled The Jump of over 10 points In
Chicago and Eastern llltnols and the rlso
In Kvansvllle and Terre tlauto revhed
rumors of projects for Chicago outlet for
Louisville and tho confeience In progress
and known to the stretit strengthened the
Impression of an impending parting of con
trol of Louisville and Nushvllle Itself
Thetc was a tenewal of tho ucthlty and
strength In Colorado Southern whlib was
attributed to the working out of plans fur
extension of the Hock Island Indicated b
the pin chase of the Choetiiw Oktiihuuia
and lulf Otherwise the present strength
m is In specialties The buoyant rise of
Canadian Ilicllii to 120 with a relapse of n
liolnt wis not explained The strength of
tho various Itttliber stocks was due to re
poits of pioposed metgers is were the
niuienients In Virginia Carolina Chemical
and Cotton fill The rise of over 4 points
In International 1ower however was duo
o the expe < tutlnn of stuck subscription
rights
The stiength of the tnatket was not gen
eral and the advance after tho bank state
ment was met by realizing and the closing
was Iriemilar The cash changes in tho
htntement confoiined closely to tho esti
mates The loan dicrenie was larger even
than hoped for but the knowledge that
large loans were tiniisferied to the trust
cunnwnles and to the foreign lenders 1 ft
the outlook for money by no means clour
There was n remaikably feverish aud er
ratic stock market this week which Is at
tributed In Wall street to the speculative
operations of a group of wealthy men who
have realized great fortunes In the lion
and steel trade and who were controlling
factors In tho < onstltuent companies of the
Inlted States Steel cotporatlon before tho
formation of that concern Tho upward
course of prices whlih was established last
week wiih Interrupted on Monday bj the
fears of mouev stringency The large ex
ports of gold for Tuesdays steamer threat
ened a total wiping out of the biupltis Je
sene of the bankx wbbb was cut down
twothirds as a result of the transactions
of last week The rle In the money mar
ket shut on further gold evports and ma In
It nrotltable for foreign bankerM to ne o
tliite heavv loans In foielgn tuonej markets
to placo beie The trust companies wcie
aluo large lenders nt nhe high level as
they ale not subject to the same le al le
strlitlons as to the maintenance of cash re
st rve ami ate thus able to leave their insli
on ilHjiosit with the banks to figure In tin ir
cash lesevvcs while taking up the bunk
loans Thin feature of the local certltl
cute situation bus been the mihject of somo
comment and erltlrism In connection with
the active speculation which Is fostered by
the resources thus made available The
money market has been unsettled all week
and subject to occasional lluriles The lead
els of th speculation seem to be unnf
feeted by thike Hun lex iind It Is believed
they are protected bv heavy loatis on time
1 was suspected that the early unsettle
nient of money was due pittly to the
Inking out of large time loans In this In
tiiest The center of the speculation shift
ed from St laul and the WokIciu group
to the Southern railway Held The move
ment In Louisville nnd Nafchvllle been ue
so sensational that the fear arose that the
ilicuntstances of the Northern Incltie mi
Iter of last May might be iciieated The
determined letleence of all the patties In
Intel est us to the actual conditions existing
lu the stock added to rite uueertnlnf The
plausible litemv advanced was that ed
vantage was being taken of the strength of
the stock to mitikei the nevvlv uiitlmilid
liinenso of ns fini The fonmilltv of
I
Norf and SYest
Norf and
SSTut pf
iiit and West
lennsvlvanla
dteadlug
Heading 1st of
Iteaduig 2d pf
8t I and S I
U S rrfundlng 2s
It S refunding 2
V S 3s registered
1 Sales
Catudi Sniithern
Ille and Ohio
Chi and Alton
C and tif
r I and L
i I nnd L pf
C and 15 1
C ml W
C ml i SV A pf
c and 1 W II pf
< It 1 mil lac
C T rnd T
t 1 aud T pf
C C C and M I
Colo eonlliein
C S 1st pf
C S 2d pf
Del and llud
I I nnd W
D and It C
I nnd It C nf
Tile
ISile 1st pf
llrlo 2d pf
it North pf
Hocking Vtiitoy
Hoiking Yallev pr
Ullnoln Cenllll
low i Vntiit
Iowa Central pf
I I aud SV
1 r aud W pf
r and N
Mauhittim h
Metro St Uv
filextemi Central
fjlexlcau Nilonal
Minn rnd St L
Missouri Iaclfic
SI 1C and T
S K and T pf
N J Central
N Y Central
St L nnd S F 1 pfl
St L nnd S F 2 pf
St I S IV
St I S V pf
Pt laul
St Panl pf
Southern PaelQc
I I Klos
llllgh Iovv i Ing
est I ct i bid
AtiliUnn I A7i > r7 > J i 7ij 70 r
MiIiInou pf isxi 07u 07
It and o 1 ifitiisi li ijiuxs < li7Vi
1 and O pf i t
cinniian IMclllc 10100 11 jlltls 110
2001 4ityi lOVvi
2001 3tlMj
I
11001 lib
Itiftl 7S
llOOllOOi
311X1 24
3001175
mail 20
10001 S7 > t
iso < ioiV >
7001 7IM
57001 41 <
r
200t IIVm
registered
coupon
U S Us coupon
V K new is registered
1 S new 4a coupon
U S old 4s reglstored
I S old 4s couMiu
V S 5 registered
U S 5 coupon
Atclrlson geuernl 4s
Atchlsvn adjustment 4s
Ilaltlmore nnd < Ihlo 4n
ns
78
100
bid
HA
ink
37
28
7Vj
44U
i V4
Vi oOCI J7K IM
7Oi USUI 0S
OilOt 51 MVi
100I16B
I
400 oi y
11H1I141
7IKH 4Ni
7001 85
lis
lisoi
142
IS
81
87H
4UVi
1H
7iFN
rs
78U
iObJi
24
87
4Ai
174K
101J
i7x
102
21H
71
ItM
170 < i
1S1
1 Vj
uj4
3iV < Z
3iVte
te s
M
18IV4
S19v
01
143
4s
841
I OK
I 1128
43100I122M11S lllMJi
70O1fK 4 133 II13S
47Hli1M 150 l12
TCM 11 tuMjl Wt
4001 IOC 10V llV
20Oll > i liMl100
10 X > l0ls 100V1OIM
200 25
100155
1001100
10001103
21X101 57
I
5001 4K
30101 lWli
200011 5SV4
Wi su4
3R0O no
aool 70H
sool 74
7001 2SV4
15001 02
Moouusy
21 24
55 55
too iiso
102 lt2L4
Sl ll 10Vv
00
32HI 32N
lWi lMi
17a 571
82S 82Uj
OVi 8V
70 7m
83
73U 73
2S I 2h
OlSl 01V4
107Ull 7
jlOHi
10500 00 1 OGUI bOSj
10i i
KkSJ
KBtlJ
13
13US
HUi
111
107
107
10W
IMH
1 > 2S
I ltlnur0 and Ohio a bid 00
llaltlmoie nud Ohio cninv 4 Kvsli
Caiiada Kouthiru 2nd 10
Centiiil of Uisirgla 5s iiau
Centrul of leorgla 1st Ine 8s 2
Clioiapeakc aud Ohio t < i IOsK
hjcao and Alton 3V4 ofdl htL
C hiajo 11 ud Qulucv new 4s ocv
Chicago St and St Paul gei 4s bidUS 7
Chicago and N W eojutol 7 ibid ian
hlcago Itoik Island aud Pa 4s 111
0 C and St l uls gee era I 4s kija
1 hleago Terminal 4 0014
Colorado and Stiutlirn Is p
Jjenvw and nio Jrande 4s bid lost
Kre prior lien 4 joo3
Krie genenU 4s T Vi
Iort Worth nd Deavtr at l U112il
of new stock Issue
application and listing a
sue on tho stexk eicTisnge recjnires anoni
tC months time Meantime the n w sink
is not a good delivery against sales nimie
on the stock exchange It cil
that tho speculative people In the stocg
had discovered this and by forriug np rhe
prlco was compelling the delivery of stocK
held for control thus threatening the ab
sorption of the control The annonneci
purpose to apply a portion of the new rt ck
issue to the puiebnse of the Atlanta Knox
vlllo and Northern revealed an incursion
Into tho territory of the Southern Rillway
company There wero orJeeturen that mil
trol of a road Info Chicago rnnulng north
of the Ohio river was also sought i onpled
with the enormous dealings In the stock
these facts and surmises gave color to the
supposition of a contest for iontrol ana
tho activity and strength In Smihern rail
way ss though In sympathv teemed a u > r
roborntlou The announcement or the pnr
chnse of the Choctaw Oklahoma and ttilt
and the suttposltlou thai it was In the lu
terest of the Itock Island was additional
incentive to credit plans mr extension t
community of lutensts and treng hetlng
of position by existing railroad systems
ille activity and strength of the Knnld
stocks wns supposed to be due to the prog
iess of the plans for an outlet to the At
lantic const it Is a matter of observation
that possibly all of the railroad construc
tion of the present era of Industrial ac
tivity Is devoted to the extension ind
strengthening of evicting vstems rath > f
than to the formation of new systems It
is argued that this tends to insure agabist
rivalry nnd destructive competition Tho
disappointment ludb ated In the grain mar
ket was only slightly leflected In the stoik
miiket
Tlie speculation In stocks has been sup
plemented be au active buying of some of
the low grade speculative bonds on which
interest payments caused advances In
nrlccs
NRW YOnK TXCHANOK
rtelchmnrks rouimor Today Yesterday
ftOCks
SnutlKin Itallw iv I
Sciillhiin U pf I
I pish P1U Iaeitlc 1
lol St 1 and W I
1 St L ed V pf
Illlon Inclltc
Union Pin tile pf
IVsbnsh
Wabusli pf
IV and 1 K
V and L L 2d pf
Wti Cct Irnl
SVIs Centt il pf
Adams I xpiess
American
V S Kipi e s
Mella 1irgo Cip
Amal Copper
Am C and Ionnd
Am C and K pf
Am Liiifccei OIL
Art Lin Oil pf
Am S un itef
Am S and lef nf
Anaconda Mln Co
Anl loi otuotlve
Am Lccotnotlve pf
llrnoklyn U T
Col Fuel nnd Iron
Consolidated Gas
Coutl Tobacco pf
General rlectrie
Hocking l oal
1 Hi Hint IMper
Internat Paper pf
Interim tnwer
K Southern
K C Southern pf
I ailede las
Natioeal BUeult
Nullniisl Lead
Noith American
I elnV OHst
Fsclfle Mall
Peoples ra
Pi ended Steel Car
re sed S C pf
Pnllman Tal Car
Ilepubllr Steel
Bepublle Steel pf
Mtgar
Tenn Coal and 1
I n and P Co
V B and P Co pf
V S Leather
1 S Leather pf
V S Rubber
y S tluhber pf
J S Steel
l s Steel pf
SVestern VtAon
cll co days tl < i
Comnieicial fiO days48 iVi
Hankers CO days 4 84 85
Spltmeis 4SIV A
riaiiei comuteiclul OJ
days 518s
4S3i
4Sift S3
4 SIV4M1
JiSVs
Less 110
BANK rMURIXGS
Iollowlng nre the clearings of the Hous
ton bunks together with the amount of In
crease or decrease over la t veai
This week Las veflr Inc
Saturday l71 l7 i t0ii7flnn UO03
Weekly Bank Statement
New York April 12 The statement of
the associated bunks for the week ending
today shows
Decrease
Loans fflO3M 00 uS41h >
Deposit
Circulation
Legal tenders
Specie
Iteserves
Iteserve required
Surplus
Increase
MMtiat4P0
10120 000
71IMttW0
17Lfr Sno
241012100
2iioiJO io
U USi
i roo
1 3IW40O
1 2A K30
tftttOW
18142J i
4 7t7K 1022
New York Money
New York April 12 Money on call
steady nt 4 per cent closed offered at 4 per
cent Irltne morcmtle paper 4 per cent
Sterling exchange teadv vvjth actual busi
ness In bunkers bills at 4 f > 7 foi demand
nnd at 1 SVfiISflU for sixty days 1ostel
rates 4fill and 4 HS4 commercial bills
4 H4 fti 4 snVj Km sflver 5eV Mexican
dolliirs t IVi Government bonds llrm State
bonds Inactive railroad bonds strong
London Consols
London April U Consols for money
01 11 Id account fll 1310 liar liver
24 ItIlld per 011111 e Money 24ftft per cent
Discount for short bills s A per cent three
mouths bills 21 < per ccnf
London Financial Cable
New Yotk ptlt 12 The Commercial
Advertisers daindnii tltianclal cablegram
sajs There nan nioie tolk than actual
business In the market today Cousnls
closnd nt 01 after touching Amerl
can stocks wen aenci illv above puln
tint Louisville and Nislvllle was tindei
parity with apptreitly fice dealings
COURSE OF NEW YORK STOCK MARKET
Following are the sales of stocks and cl oslnc price for the New York stock
market
I 1 I Clos
I IIIIghlLow lug
1 Stiles i est i est bid
HMOI 14H > 3 il Ul
lUOi ii1 1 01H1 Kt
3110 ni 41
IOi 20 1 iV 21
twit < tsi < tsi
151011101
SHI SS
15001 U
tM 44Vj
3001 2U
WM 33V4
2001 2IU
401 4H
I
isoi ill 20
100I20H
17VK C7Vt
12001 2SJ
1
1001 23
I
Yooi OTH
22 sbo tv
7ts liTiU
lLIOI 07
IH 221V4
100120
4IHII311
3001 21V6
I
St Louis 4s ibid
Totcto Si r ni Western 4s
Union Pacific 4s
101 > t 101
7 Xl
SIN 234
11 I UV
20
33
21
17
120
1 si
U5
2al
il
07V
iii
01
3244
LM
tn
203
210
121
jon
10
2S
SO
IUWj
07
114
31H
WWj
lil
07 071
UV >
221t22H
120 1120
3r > H38i
2P1 21i
I 21
I 71
08001110 > l 107 10Tv
200 aSW 2HI 2 0
500 50 15 1 m4
w ri rii Kuvj
oo is j7ii i7
11001128 1121 y
N 4iy 4l 4
100010JV4 10P 102
loot io > 4
5001 sm
300t l7 V
1001 73
42CS132
llOtV OSS
T
12001 13fc
10i 8H4
1SO0I 18V4
4iioi ft > i
55001 41
3IO0 US
1001 C0V6
Total sales for the day 440l200 jharcs
Closing Prices of New York Bonds
MV4 Louisville and Nashville unified 4slfrm
Sex pan Central 4s u
Mexican Central 1st Inc vt 33
Sllnn and
Mfea R t m j
Missouri Kansvs and 8s2
Texas 2uds
New xort Central lsts bid ifat
New loik Ceutrul general 14 un
v li > rs Antral general a H0V4
Northern Padflc 4s 105iC
Northern Pacific 3i W
Norfolk and Wsstern consol 4s 1OH4
Heading general 4s m
st I and Iron Mountain con 5 bld11i
St Lons and San Fran 4s tofd 101
St IaiuU Southwestern l t f u
St IouH 1
Southwestert 2nds m
an Aulonlrt and Aransas Pass 4s
Southern Pacific 4s < m
Siutberii Hallway 5s wi
i V u > 1 Iarifle lst VTri
L
82
101
union Pacific eonv 4 inj
W ha h His bid I iSn
Waosh 2nds bldl 110V
Wabash deb B tr1
t Shore 4 bid M
Whfdinj and r Erie 4 tiu Sa
Wt eon Tn Central 4s 2
cooi ituttd Tobacco ia gy
WfJfc
Slav aliened W < to Wri > ic lower
7272e Ititiorts receheil fiom the
Kouthnest hnnevet stated that wheat was
uot Improving with the ialns and the sub
soil being so dry that stn li moisture as
had been applied since spring bad dlsnp
peaied without nordine the necessary re
lief to vegetation The bulliMily Inclined at
once seized upon these lpports and with
the eenmlkablo strength In coin pushed
prces tin 1 cent from the low tnaik M t
wheat advanced early to 7dc but dipped
St Louis April 12 Wheat higher No
2 led cash elevator 80 track SOVj Slay
Jul 72 < siic7 1 o hard 7 j7H
Corn higher No 2 insh i2vs tract 03 Sliy
OJis July OIS4 Seiiteinbei tip Oatshigii
ei No a nish 42ii track 4 Q44 Sljy 43
Jul 31 September 30 No 2 white IVj
live firm 58 Polk hlghei Jobbing 10 42
old 17 42Uj new ljird higher 0 50 Flour
qubt and llrmer Ited whiter patents 3 iiOV
3 M extiu fanev and straight 3 33ft3 11
clear 1 < Wi3 15 Tlmothj seed dull 171
lor fair li 5 for lirlght clean Coin 111e1l
steadv 110 lb an klikc tlrin Sacked
ea t liaik SMifii iliv Hteadj Ilmntby
UtHX814 00 prairie 10 50r 1300 Whisky
steadv 130 lion cotton ties steidv SI
Itagclng steady VuiVj Hemp twlni
stemlv 0 Irv alt tiieuts strong Boxed
lots evtin shorts tlvi i leu ribs 050
MARKET NOMINAL TO
25 CENTS HIGHER
Kansas City Shows the Best Advances
for the Week for Cattle Hogs
and Sheep
CfHCAOO
Chicago April I CattleIteceipts 200
maiket nominal good to choice shipping
steer OMl poor to medium 4 50fifl 50
stockers and feeders 2 5CV8525 cows 150
Jfj5 0 belfeix 2 50nOiJil camlets V i
240 btillh 2 50i550 calves 2 > iili0
lexis fed steers 5 2V110 21 lings KeMIpts
POfii strong 5t 10 higher good to choice
heavy 7108750 light JM11P5 bulk nf
sales II0V 2H SheepItceelpts llXtO
steady good to ehclcc wethers 5 25 r IX
fair to choice mixed 42540 Westein
b iP > Jcnriluga 450 native limbs
4uO Western lambs 52541075
KANSAS CITY
Kansv City An 12CattleIleeelpts
for week 21000 slaughtering cattle ad
vanced 25 cents on week stockers and
firPrIuJ 0 lnv > r choiP export and
1ZclJ of Mrm AT 15 fair to go1
stokeiR and feeders JtKWJliX
w
INeMern fed steers 5OrMr0 Texis
Indian steers I 75U21 cows 3 5t i 11
native eows 31 171 helfe 400
UAH Hcelpts ivki prices
i
show net gabt on week
nf 35 to 40 cent
St
12P0 >
st roris
iouls vpril 12CattleReceipts
market dull and
steady
dug nud export steers 17vVnv 7 sh
ecf and butchers ataeri lOOfiikr 1 drp i < l
mder 1H pound 5 < l 0 25
feeders 2 75ei5 05
stockers and
leans live stock exchange reports
fav bT16 neeripta 5 24
SheepUeeeintV inii Vuers 6KVS723
muttons I lo l ambl Uio vi
NIW OltLEANS
v Smclal The Post
New Orleans April i2Tue v
cmand i outlook
fe 0t
le Cornfed hois and VT1
iMd to cUoKt
tomnion to fair
Good to eholce
3
toiMDoo to fair 3 5
Yearlings 3 0
Oood
to choice
Coratnon to fair
Calves
tlcod to choice
Common to fair
Hogs
Cornfod
Mutfed
v r
BULLS KEPT PRICES SOARING
INTEREST IN CORN
DOMINATED THE MARKET
Wheat Was Easy Early but Soon Yield
ed to Corn Strentjth New Oats
Standard Adopted
Chicago April 12 Corn bulls had a
fight rein 011 the grain markets today and
kept prices soaring Uvorythlng In the
corn situation was bullish and with a
gnod show of strength In vvhewit trade
became active Closing prices for May
wheat were Hc higher May corn Hid
advanced and May oats 9 < e up Provisions
clo l 7V4c to 10c to 12Hc higher
Interest In corn easily outran all el
of a speculative nature The gradual ad
vance of the past wek seemed to linvo
been preparing the country for decisive
action In this nmrket The depleted
tocks In the Southwestern markets had
given St Louis and Kansas Cltv god
argument for an advancing market anl
today when the cablo lists showed strong
and the Southwest vvas stlll stronger and
bidding eagerly at the relatively cheuper
article In this market prices responded
wfth vigor To aitgiiKttt the glow lug bull
ish sentiment receipts continued light
The early easy feeling In wheat retarded
an Immediate bullish response In corn
and Mm opened W higher to unchanged
at uilKViftp Then came the iepoit of
10000 bushels of No t corn sold to go
touth at onlv tye under Mid and advices
of renewed bulling lu the southwest
Shorts soon got scaled aud although
many covered thev had a bad duv of It
Tim common belief among traders was
that stocks at St Louts and Kanscas Cltv
had been reduced to such nn extent flint
those places must supply their actual de
mands In Chicago Seaielty of offerings
a < derated the upturn nearly ail the bull
eiowd keeping a tight grin of their hold
ings for further profits 1he maiket was
vary nervous and active at times thntult
because ol the rtl po ltlon not to sell trade
wns not very large May spurted vvltn a
broad advance and though the day was a
sliit session It was no trouble to put
2 1 ents nn Slay That option sold 111 fll e
nnd closed verv stiong ITsC up at oltac
Itceelpts weie 03 cars
Wheat vwis Inclined to lag early because
of pierpltaltou In the winter belt Cables
strong and lecelnts were light but
ew Or
Scarelty
0Tcr a ° w
iiuest rat sheep a re
W J tUytheAPNor
34 M
an
S4 00
la 23
s 5034 00
aootgsS
OOgO Ml
3 5C ilW 73
5 5V3 i > j
Aa tmT de d f
txl
The leading futures ranged as follows
Articles Open High Low Close
WheatNo 2
Slay
Inly
Sept
CornNo 2
Slay
July
Sept
Oafs No 2
Slay
July
Sept
Sept
72
713
71m
50
42U
34
P r
7T
am
otto
00U
42U
35
30H
Mr ri tfS in7744 ionr I077W
julj 1082 1700 1082 10II7V4
Lard Ier 1C0 lbs
May 007 0n
July r Ot7
Scp t 0S7 003
Short Itlbslei 1 >
Mav 8rT 0 07
JUlv 012J5 022
022 03J
72
731
72
r0H
r o
ro
20
007
077
087
807
0 12
022
va
74
711
til
01
00
42
34
30Vi
077
OS7
003
007
022
032
V Articles Rceelnts Shipments
Hour barrel < > 22000
Wheat bushels 2S < kk > 152ISK
Corn bushels 01000 177000
Oats bushels 111000 18700Q
Rve bushels Lorn smi
lTnilev bushels 32000 1004
occasionally on profit taking The close
was tit 111 May up nt 72c Local
l ecelpts 28 cars none of contract grade
Minneapolis and IHiluth reported 118 cars
making n total for the three points of
1SU ears against 212 cars Inst wecg and 273
cars 11 year ago
Oats dimly reflected the strength In corn
Trade was small but there was a fair
demand In sympathy with the general up
turn Slav sold l > etvveen 417Vfil2H and
i10ed firm c higher at 42c Uecclpta
171 curs
A growing bullish situation In the hog
mntket started piovlslons higher again
There were only 10000 hogs here today
mil estimates for next week were deeieas
ing Hog packing was reduced by almost
half Gialn strength added to the bullish
Slav pork closed 12c higher nt 1077
May lard 7 < 10c uu at 973S077nnd
Slay ribs 10c higher at 907
istimatd receipts for Monday Wheat
o cits coin 05 cars oats 115 cars hogs
30 000 head
Iv a ballot of 012 to 140 the members of
tho boatd of trade today made the new
grade of oats standard oats deliverable
cm coutricts for July and further deliveries
after this date
Cash uotatlons wero as follows
Ilnur fit m Winter patent 37CKJ300
straights 3 20S3C0 clears 3005t340 spring
specials 100 patents 3 20350 straights
17y i3 00
WheatNo 3 spring C0 < fi72 No 2 red
70 < iiSO
OatsNo 2 42iSM2 No 2 white 4l
41 No 1 white fTtJ
Hye No 2 571117
itarle Calr tu choice malting 01507
riax seed No 1 lC1 No 1 Northwest
ern 170
Timothy seed rrlme OiiO
Mess pork ier barrel 1070010 7
Laid Ier 100 pounds 0 71ft977
Shoit ribs sides Loose OOOfTO10
Dry salted shoulders flowed 7 < g7s
Short clear sidesBoxed O40 < 045
Whl ky Basis of high wines 130
Clover Contract grade 790
Grain and Provisions Elsewhere
short clear 9 R2L4 Bacon strong Boxed
lots ettia shorts 10 37 clear ribs 10 37V
shoit ilear 10 50 Kecolpts Flour 0000
wheat 28000 corn 24000 oats 30000 Ship
ments Flour 3000j wheat blOOO corn 5U
M > oats 17XX
Kansas Cltv April 12 Wheat Slay CH4
Julj cash No 2 hard 71it72 No 2 red 78iS
M CornSlav 03Uj September OOV GOt
caph No 2 mixed 05 No 2 white 0iufid7
Oils No 2 white 4V34114 Ilecclpth
1Vheit 1441X corn 1000 oats 21000
Shipments Wheat 20800 corn 55300 oats
2 0OO
New Yotk April 12 Wheat Receipts
nope exports none spot steidv No 2
red SSi elevator and 85H foh afloat
No 1 Northern 83 fob afloat No 1
ha id f o b afloat options steady
RECEIPTS OF CATTLE LIGHT
rattle prices strong with an upward ten
dency
BUTTER AND EGGS
Chloigo Apin 12 nutter Easy crcam
eij 21a2i dslrt 2Kcc27 Cheese Steady
and blow 12lcl3 Kggs Uasy fresh 141
New I01K April 12 KggsUecclpts 0210
packages market firm State and Pensyl
vanla inrjloiv Wehtern at mark ItXglOM
Sotithein at maik lVitlSli
Kans m City April 12 Ilggs Firm 146
St LouU April 12Poultry Steadj
cilckens 10 tuikevs 12 ducks 10 geeso
Vin Otlet Ilrni creamery 25231
n
j1iv 21ta21 Hggs Higher 1
COTTON SEED PRODUCTS
Memphis Tenn April 12 Oil Prime
crude At4553fl oft crude 34ic233 prime
Miminer vellow 10 off summer 37 choice
Im aer J 1Iow 13 SIa < and cake
Prime 215Wj2175 oft 2000fi20no
stnfu V0lk Apr 12Cotton seed oil
4u < ii ie e nowlllal yeiioi
p lf JM i AF 12 Cotton seed oll
Prime rellned In baircls 41 off refined 40
prime etude loose 34 vfl35
cofFee
1m PW k 1 An f li CoffeeSpot Hlo
0100 > Ill unlet Cor
steirtrlVui e h i C rn ko for fututeg closed
Hf Prices net uiiem to 10
iwa 1 liini 1 25 Julv 5 111kI 31 Au
gust 540 September 5150 5 M
HIDES AND LEATHER
vesTmi ° r orP1 l Gal
veston ji to 25 pounds 18 California 2ti
to 21 pounds 1814s Texas dn 1 to 10
METALS
veY A rIl 1 = To 15 mc l f
keH ver alet n
Jro round On the strcit
few
buyers u ere looking for some Vial
mis lor vv men they
pain market nrlre
rsteX nni ie V marke sE e i
< iviin in lu iron was steady
SUGAR
New Orleans ApriT 1
21jtiJfi 3 io
opei
S
centrifugal yellow JH4i334 set
3 Mo es
ad c tr
New York April 12 SugarIUvy steady
BANKERS AND BROKERS
T
f O B htt fl
P E Jones
4i
Cn w r
Wholesale T
Butter TL
a
Send Me YouToT
F I OHProntp
Am in dote Wi
f217MarsT
B VV
ARMSTRoNQ < H
RICHARD COC
BROKERS
changes Sltmbers viVS
Commercial Nat
Members Houston W
Oil s c
wo
elicit your rtiri h
stocks
OIL STOOW
AND REALESTA1
Oransfon Waill
OflRGILL RICUHBH
BROKERS
HOUSTON
We buy and sell cn coma
grain stocks and hare nSSfJ
for Texas
oil stocks E
Slock cjchange Members m
excliaiiges of the ccuntrj 1
W
Commeiclnl National bant nin
tlonal Cltv bank New Totl 55J
tlonal bank New Orlea1
R B MORRIS H
BROKERS
Cotton storks grria nl wft
Members Cotton Exehanjj BMtfrf
and Houston 01 and Stock Eitij
markets by private wire 8ew
Planters aud Mechanics Kitlcict
Houston National bank Dally txAt
tntlons furnished Both pboati hi
Main street Houston Tern
Seed Potatoes
E > rly Rose Ptsrltsj and Bta ife
Let us haveyourordenfeta
BROWNE LYONS i
Siewerssei
Established In 1876
Hides and Wi
806 Coaimekce Ave Measlon
Coniiinmenti ind CorrcipcndtictSij
OIL STOCKS
SHERWOOD mi
Membeis of the Houston Oil till
Exchange lloustoa Tem
Oil and o her stocks bonjltt ttlt
commission Official slock wtfc
weekly oil market letter palM
quest Correspondence solIcKeo
The Planters and Medii
tlonal Bank of Houstonla
Capital
Accounts f Merchtatft B 5 < S
UM
aOoM and IndlTlatuU i
11 part of t wrlirt
0 CJIJt
Japhef Bissel
Successors to Cos J pW
Butter Cheese E s and fe
Commission Merchant
HOUSTON TtlAS
OIL STOCKS COTJ
Bought and Sold oa Cmm
WELLS PORCH B
Establlshsd 1865 C > et
Members of Ke < i
Cotton Kxchanw J
Hoast
at m
and Stock Exchanges j
ment New Orleans 3
WW
leased Private wires to ill
CmafW
Send us your orders
llclied
ESTABLISHED 18TM
H B BEER
COTTON MBRCHAI
New Orleans
MBMBBHS OF KK j
NSemb1rU
A ate
C attention tB
for future e
of contracts
fair rrnnlng 2 BJSjS
sugar
icolasics
WOOL
HIFPEO PROflP
Our Fuel Oil Equipment is fhe Best and g
est on the Market and Gives the Best Bi Jl
ftnore the miircprMentitlonj ind InvestljJte J03
our competitors
Wortblntton Bu 4
piltern Fue toil Pumps Held HvdroCUtbon UpjC
I ilr A hrte bnilnw is belnj done I f oiai
I IQGdIS hows stnnstb with Incrmlnc Inquiry
oil and Stot Exclaate 4 0
R W GAMBLE < COvJ2
THE FAGIN INVESTMENT J
Capital J
r b ° lEj Ex fc a
fftxii 1 tangible and conservative OH
csrnex Pewi nd B sit ttrcaU Btanmoat Text