The Saint Paul globe., January 31, 1898, Page 6, Image 6

About The Saint Paul globe. (St. Paul, Minn.) 1896-1905

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
6
GAN'T KEEP IT DOWfJ
STOCK M AlifcET RISES IN SPITE OF
CERTAIN BEARISH NEWS CON
DITIONS.
RAILWAY STOCKS STRONG
ON REPORT OF IMPROVEMENT IN
THEIR FINANCIAL STATE
MENTS.
increase: in bank deposits.
Europe Now in the Role of Borrower
—Henry ClewM* Weekly
Review.
NEW YORK, Jan. 3D.— ln his weekly
review of the financial situation, Henry
Clews says:
louring the past week the Wall street mar
ket has taken a sharp upward turn. The
movement has disregarded the flurry arising
from sending the man-of-war Maine to Ha
vana and the sensitiveness treated by the
Teller resolution in the senate. It has arisen
in part from the growing ■'bull" feeling on
the stock market, but more specifically from
certain conspicuous facis showing the strik
ing improvement' in the finances of the rail
roads due to the last six months' increase of
traffic. A statement has been made of the
earnings of the Rock Island covering the last
nine months, showing an increase in net
earnings over the same period of last year
amounting to (1,500,000. The gross earnings
of Missouri, Kansas & Texas for the last Six
months are it-ported at $7,010,000, which leaves
a surplus of $1,000,000 over operating ex
penses and fixed charges for disposal at the
discretion of the management. The Vander
bilt stocks have also shown a large advance
upon somewhat indefinite but apparently well
founded outgivings of new and favorable ar
rangements in connection with the New York
Central and Lake Shore systems. It is also
Btated that it is intended not only to merge
the West Shore organ. za ion with that of the
New York Central, but also to bring the Lake
Shore actually into the New York Central
corporation. Also it is intimatid that the
Bcheme under consideration involves a union
of the Lake Shore and the New York Central,
under the latter name, with advantages to
stockholders of both companies. Further,
the deal is understood to embrace the incor
poration of the Michigan Central in the Van
derbilt system, by exchanging its scock for
4 per cent debentures of the West Shore rail
road," at a rate not yet stated. Also, the
election of Mr. Depew as a director of the
Ontario & Western is construed as implying
a deal between that company and New York
Central; this, however, lacks official confir
mation. Hut these repor.s, coupled with the
reduction in fixed charges through the recon
struction of the debt of the New York Cen
tral, has naturally caused large buying of
the Vanderbilt socks and raised an expecta
tion of a permanent increase in the divi
dends of the New York Central. These [acts,
coming simultaneously to the surface, are
constiu'd as showing a process of decided
recovery in the financial status of railroad
properties at large. At the same time the
continued light construction of new lines
is viewed as a favurable factor. For the last
five years the construction of new roads has
averaged barely 1,500 miles per year, or less
than 1 per cent, while the concurrent increase
In population has probably been not less than
12 per rent. Now that business is reviving
In all parts of the country this is a factor
■which must have a very important bearing
upon the earnings of the railroads, for There
Is not only more freight to be carried, but
relatively less road to provide for it than five
years ago.
The foregoing are the special causes of the
marked revival of the tone of the stock
market. In addition, the real improvement
has received support from the general large
Increases of current earnings and from the
tendency towards growing ease in the money
market. The extraordinary increase iv de-
Eosits and the large gain in reserves shown
y the 'ast bank statement are evidence of
the growing accumulation of funds seeking
employment at this center. These bank fig
ures, however, only partially express the real
extent of the plethora. It is necessary to take
into account also what we are lending to
Europe. In my advices of last week refer.
- ence was made to the large amount to which
New York is under advances to Europe. Those
loans have since been increased, and it ap
pears doubtful whether $50,000,000 would now
cover the total. Other home centers have
made like transactions. I have direct knowl
edge of two loans, of $2,000,000 each, to large
German banks made by a Chicago Institution
at 4 to i\' 2 per cent, and other like transac
tions are said to have been made at Chicago
to an amount approximating $10,000,000. Ad
vances to European banks have also been
made by Boston banks and capitalists, to
■what extent I have no positive knowledge,
but estimates of the total range between
$20,000,000 and $25,000,(100. Putting these facts
together it would appear that this country is
Dow lending Europe $80,000,000 to $90,000,000.
This Is significant, not only as showing
the extraordinary accumulations of capital at
fiur home financial centers, but also as dem
onstrating that we have become full partici
pants in the credit operations between the
■world's financial centers, able to lend upon
a large scale as well as to borrow when our
convenience calls for it. The local financial
Institutions are quite disposed to encourage
these operations as the only means of prevent
ing a glut of gold, which we do not need and
averting a still lower rate of interest. More.
ovei this experience clearly shows the ad
vantage of remaining on a gold basis. It
enables this country to loan Europe $100 000 -
000 of money at higher rates of interest "than
are obtainable on this side. This could not
be done it our money basis was not of the
same intrinsic character as that of England
Germany etc.; whereas, if we were on the
16 to 1 free coinage basis, no nation of any
importance, excepting China and Mexico
would take our money in direct cash dealings
on any terms whatever.
The revival of the silver agitation in con
gress, in connection with the resolution of
Senator Teller, has for its purpose making
It imperative on the part of the government
to recognize the word "coin," contained in
the Ijnrted States bonds, as meaning either
gold or silver as the money in which both
principal and interest shall be payable It is
not at all likely, however, that this new at
tack upon the government credit will pass
Into law. As a matter of fact, it is absolutely
Impossible during the present administration
In view of this new attack upon government
credit, the following statement will serve to
show the strength of the United States treas
ury at the present time, and how ridiculous
the bringing forward of such a resolution is-
Total issue of greenbacks $346,681 01 C
Total issue of Sherman notes 106,348 280
_„ Tot al • .$453,029,29(5
Silver held to secure Sherman notes
at 57% cents per ounce (the pres
ent price) $63,859,026
Greenbacks in treasury 84 200 000
Sherman notes 21904J344
Total.. $150.9(!3,370
Deduct this amount from the outstanding
greenbacks and Sherman notes and It leaves
in actual circulation $302,065,837. As an offset
thereto, the United States treasury has on
hand free gold amounting to $163,670,000,
•which, deducted from the outstanding notes!
leaves a balance of $138,395,837 unprotected by
actual gold or its equivalent, and backed only
by United States government credit. Surely
the vast resources of this nation ought to be
ample to protect this small residue of notes
and make them as good as gold in public
estimation, without it being necessary to have
the actual yellow metal in the treasury.
As an evidence that this country has had
silver enough already infused into its national
money, the average cost price of the $102,284,
--736 silver now held by the treasury against
the outstanding Sherman silver notes was 92Va
cents, whereas the present price is 57% cents
per ounce, thus showing a loss to the govern
ment thereon of $38,425,710. Before the McKin
ley administration expires, the world's output
of gold will aggregate enough to nullify all
attempts to force a double standard in any
country in the world where the single stand
ard exists. With this in view, it certainly
does appear absurd to try to foist upon this
country the free coinage of silver at 16 to 1,
■when the ratio should be 32 to 1 to equalize
the value cf the two metals.
LONDON MARKET
Excited Over the Rapid Rise in
American Stocks.
LONDON, Jan. 30.— There has been a
sharp recovery in money and discount
rates, though it is doubtful if this will
be fully maintained, for the g-old de
mand is easier, as German and Russian
exchanges have moved in favor of Lon
don. Any falling away, however, is
likely to be only temporary.
The stock exchange was active during
the week, the revival of speculation be
ing led by the rise in American railway
6hares. Dealings broadened in most de
partments, and the movement was gen
erally upward. Consols were steady.
The references of Lord George Hamil
ton, secretary of state for India, to the
Indian finances, strengthened rupee pa
per, which went 15-16 higher. Interna-
tionals had a better tone on the better
outlook in China and in the improve
ments between Spain and the United
States. Spanish securities rose 5-8
point. Chili was a notable exception to
the firmness of the foreign market and
dropped two points.
The main feature on the stock ex
change was the excitement due to the
rapid rise in Americans, the street deal-
Ings in which after hours are again
a point of interest. Apart from individ
ual reasons for the movement, Presi
dent McKinley's speech at the banquet
of the National Association of Manu
facturers was the leading factor in the
strength of the market.
The increases include Lake Shore &
Michigan Southern shares, which rose
9 points; Missouri, Kansas & Texas
seconds, 3% points; Northern Pacific
preferred, 3% points; Denver & Rio
Grande preferred, 2% points; Union Pa
cific, 2% points; Illinois Central, 2
points; Erie firsts, 1% points; Atchison-
Santa Fe adjs, IV* points; Chicago, Mil
waukee & St. Paul, 1% points; Denver
& Rio Grande common, 1% points; Mis
souri, Kansas & Texas common, VA
points, and Texas common, 1% points,
and Louisville & Nashville, \ x k points.
Grand Trunks and Canadian Pacific
participated in the increases, and
Argentines also were well bought.
Dnll Market for Cotton*.
MANCHESTER, Jan. 30.— 1t was a dull
week, though there was a fair inquiry for
yarns from Japan, and the makers of these
are now engaged probably until May. Home
users are buying from hand to mouth. Prices
were easier than during the previous week,
but Quotations were scarcely altered.
The cloth business was hindered by inade
quate limits, but the regular Indian and Chi
nese staples were engaged in executing old
orders. As for domestics, printing, dyeing
and finishing varieties are moving slowly,
because the makers are trying to resist the
beating down of the limits. The minor mar
kets were the week's mainstay, buying some
what freely.
France and Germany were busy on old en
gagements, and new business was scarce
for the moment.
PRfZE JOIRNALISM IX ARIZONA.
&g \\gjtf*. AWAY
—
. I— Editor — I'll paint this bicycle
scheme on the wall and obtain 400 new
subscribers.
__, , !
$ICYCUES
OVEN _ AWAY
2 — Guess I'Jl take a little lunch be
fore finishing it.
3 — Crowd — Bicycles given away —
Editor — But, gentlemen, it is for —
W\\ l
4 — Crowd— Don't care what it's for,
we won't be buncoed.
Permeating 1 .
Given Teake — Hello, old man. Moving
again? What's the matter?
Grinan Barret — It's that confounded restau
rant In the basement.
Given Teake— Why, I thought you eald it
•was going to be so handy for you .to slip down
to it in the morning for breakfast.
Grinan Barret — Yes, but the trouble is it
slips up to me all the rest of the day.— New
York Press.
Delicately Approached.
"Mister," eaid Meandering Mike, "would
you like to have all the money you wanted?"
'"Of course I would," was the natural re
ply.
"Well, then, I kin approach you as man
to man an' tell yer me own feelinks. It's a
good deal to be able to depend on sympathy
an' co-operation in advance. All the money I
wants fur the present is 10 cents, which is
somethin' that I know you could help me to
without missin'."— Washington Star. .
THE SAINT PAUL GLOBS: MONDAY, JANUARY 31, 1898.
"WW 1 fIJU GOD"
EGOTISTICAL, TEXT SELECTED FOR
THE SPECIAL. SERMON ON "WILL
IAM'S BIRTHDAY.
THE EMPEROR'S OWN CHOICE.
PECULIAR APPOSITENESS OF THE
WORDS THE SUBJECT OF GEN
ERAL COMMENT.
NO CHANCE FOR COALITION BILL.
Worklngmen on the Contrary Being
Deprived of the Political Rights
They Already Possess.
BERLIN, Jan. 29.— The Introduction
of the Socialist bill for the extension
of the limited right of coalition of
workingmen and the debate on the
matter are regarded as being of spe
cial importance. Herr Geyer cited
cases showing that different govern
ments, notably the Saxon and Prus
sian, do not scruple to violate the slim
political and trade rights of the work
ing people. Baron yon Stumm, at one
time an intimate friend of Emperor
William, leader of the Reactionists,
favored additional curtailment of those
rights. There is not the remotest
chance of the reichstag adopting the
bill or of the bundesrath approving it,
and that the government recognizes
this is evidenced by the fact that not
a single minister attended the debate
on Wednesday. The matter is impor
tant because the Socialists propose to
make it an issue at the coming elec
tions.
Maps which have been distributed to
members of the reichstag show that
the district about Kiao-Chou bay ced
ed to Germany consists of the north
ern and southern peninsulas, enclos
ing the bay, the northern peninsula be
ing quadruple the size of the southern
peninsula. The sphere of interest ex
tends over a radius of fifty kilometers,
and includes the large towns of Kiao-
Tsimo and Tyhout-Choeng.
It is learned at the foreign office
that, owing to the sugar bounty con
ference at Brussels, the reciprocity ne
gotiations between Germany and the
United States are a standstill, and it is
doubtful whether they will be resumed,
as Germany has about concluded that
nothing tangible will come out of them.
It is understood that the sugar con
ference will informally discuss the
Dingley tariff law.
The foreign office, next, week, will
direct the attention of the chambers
of commerce to the serious American
competition, especially in cottons,
growing up in South American coun
tries, where German exporters have so
great interests. The officials of the
foreign office are preparing a sugges
tion of the best way to combat this
competition.
The peculiar appositeness of the text
of the special sermon on Emperor Wil
liam's birthday, namely, "Be still and
know that I am God. I will be exalted
among the heathen." has attracted a
great deal of attention, and it is now
explained that the emperor himself se
lected it. It is suggested that the add
ing of the word "Chinese" would make
the passage perfect.
RACING EDICT.
Among the emperor's birthday edicts
is one dealing with the regulation of
rowing in the public schools of Berlin.
His majesty decrees that the pupils in
rowing be invariably superintended by
masters acquainted with the sport and
by a physician. Races must not be
rowed in the presence of any but the
friends and relatives of the pupils, only
members of the two upper forms may
race, genuine racing boats not permit
ted and the course must be limited to
1,200 metres. The emperor announces
that in order to carry out these reforms
he has placed thirty-five thousand
marks at the disposal of the minister
of education, towards the acquisition
of a water course, a boat house and
boats, and he promises to give two
annual prizes, in the form of metal
wreaths respectively for the fastest
boat and the most skillful crew.
An article recently published in the
Hamburger Nachrichten, on the occa
sion of the emperor's birthday, bears
unmistakable earmarks of Friedriehs
ruhe and expresses Prince Bismarck's
views. It says: "The monarch has
stepped into the foreground of public
life far more than his ancestors did.
The policy of the empire and of Prua
sia bears marks of imperial origin and
the strong individuality of the sovereign
is ever perceptible. He not only gov
erns, but rules, and is in reality the:
actual leader of the nation and dis
poser of the destinies of Germany. If
Germany is now animated by a higher
spirit than a short time ago, if the con
fidence of the state government in
creases, if the spirit of enterprise is
impulsed, we attribute it mainly to the
fact that the emperor has known hew
to find ways whereby desired ends are
attainable." The article concluded:
"The gloomy visions which formerly
troubled us on the emperor's birthday
have begun to disappear and we ven
ture to hope that the future will not
bring us fresh disillusions such as to
again make acute old antagonists in
public life, to the general detriment.
For mistakes which are not made a
second time, we count on the high in
tellectual qualities of the monarch and
the perception of what is useful and
what is harmful to Germany, as well
as on the psychological movements
which influenced him."
ELECTRIC CURRENT FOR ALL.
Authorities of an English City Have
Utilized Its Garbage Plant.
The municipal authorities of Shore
ditch, England, have recently proved
themselves less conservative than most
English municipal authorities when
they adopted and demonstrated the
practicability of generating electric
current from the town refuse, but they
have not stopped at this, but have gone
a step farther and adopted measures
whereby the poorest artisan can have
electric light in his home or electric
power in his shop. This has been ac
complished by the introduction' of pen
ny-in-the-slot electric meters, after the
fashion of the penny-in-the-slot gas
meters, which have proved so popular
elsewhere. The tenant places a coin,
usually a penny, in the slot of the me
ter; thereupon his lights burn until the
amount of current paid for is con
sumed, when the operation may be re
peated indefinitely.
With the cheap generation of electric
ity by the dust destructor plant it is
possible to sell the current at a rate
which makes electric lighting cheaper
than gas at 70 cents a hundred. Besides
this, the gas companies make an extra
charge for the fittings, while the mv
! nicipal authorities do not, so that in
j the end electric lighting, besides being
paid for on the installment plan, is
much cheaper than gas.
In addition to the lighting the vestry
supplies electric power in the same way
to workshops, and this has been a
great boon to the small firms engaged
in the furniture industry in Shoreditch.
Beyond a doubt, for small intermittent
power consumption electric motors are
more efficient and cheaper than steam
power, since there is no waste when
the motors are not in operation, and,
moreover, an attendant is not necessa
ry, as a boy can start the electric mo
tors.—Philadelphia Record,
PY fl TflpE OFF
THE "WHEAT MARKET WEAK AND
SOMEWHAT IRREGULAR IN
ITS TONE.
ROUTINE NEWS BULLISH.
FEAR OF LIQUIDATION KEPT THE
TRADERS OUT OF THE
MARKET.
NO ATTEMPT TO BOOM JANUARY.
Early Buying Movement Followed by
a Selling: Breeze That Wiped
Out the Gain.
MARKET SUMMARY.
Prey.
Wheat. Close. Day
May, Chicago 96% 9T*
May, Minneapolis 94% 94%
May, Duluth 95^4 96
May, New York 89ft W
FINANCIAL.
Bar silver. New York ....56% 86%
Call money, New York.... 1% Vk
CHICAGO. Jan. 29.— Wheat today felt the
heavy liquidation which was done near the
close of yesterday's session, and acted weak
and irregular. May closed Vie lower. No at
tempt was made to do anything in January.
Corn and oats were heavy and declined
Me eachd Provisions were firm, without
much trading, and closed unchanged. Wheat
Ehowed some strength at the opening, prin
cipally because Liverpool had responded fairly
well to yesterday's advance here. Holders of
lines already heavy were good bidders at the
start, which was a* 77%<597%c for May. an
advance of %@%e. A good deal was tor sale
at these prices, but the selling did not de
press the price lower than 97c, and shortly
after a general buying movement set in
which carried the price up to 98c. That ad
vance, however, raised a short selling breeze
of such strength that in half an hour the ad
vance melted away, the decline not stop
ping until May was down to 96% c.
Most of the routine news was bullish.
Bradstreet's made the week's clearances of
wheat and flour from both coasts 5.510,426 bu,
compared with 3,926 000 bu the previous week,
and 2,515,000 bu the corresponding week of
last year. Chicago received 46 cars of wheat,
only 2 of which were contract. Northwestern
receipts were 432 ears against 358 the similar
day of the week before, and 189 the corre
sponding day of 1897. The total receipts at
Western primary markets were 324,000 bu
gainst 205,000 the year before. The day's
clearances from Atlantic ports were again
heavy, amounting in wheat and flour to 595,
--000 bu.
This latter item injected temporary strength
Into the market. May recovered to 97%@
97% c, but it soon fell back again under re
newed offerings, and to a lower level than
before, 96% c being touched before the reduc
tion came. Shortly before the close the mar
ket was given support, Leiter brokers being
credited with good buying, at the bottom fig
ures, and May advanced to 96% c, where it
closed. July was relatively heavier than
May. It opened at from 86% to 87c, and the
latter was the highest it reached all day. It
sold as low as 86c, and closed at 86*4 c, a
loss of %c.
Corn was barely stead y. May ranged from
29% c to 29% c, and closed 14c lower at 29%e.
Oats were firm. May ranged from 24%@
24% cto 2376@24c, and closed %c lower at
24<ai2A%c Very little was done in provisions,
and prices kept within an exceptionally nar
row range. \t the close May pork was un
changed at $10, May lard was unchanged at
$4.K7%®4.90, and May ribs unchanged at
$4.92%. Estimated receipts Monday: Wheat,
55 cars; corn, 290 cars; oats, 250 cars; hogs,
40,000 head.
'J fie le.d ng futures ranged as fo'lows:
0 X £ O~
1§ I I
I I i r I
Wheat— ~ \
January 108 108 108 108
May 97% 98 96% 95%
July 87 87 86 86%
Corn —
January 27% 27% 27% 27%
May 29% 29% 29% 29%
July 30% 30% 30% 30%
Oats-
May 24% 24% 24 24%
July 23% 23% 22% 22%
Mess Pork —
January 9SO 980 980 j9 80
May 9 97% 10 02% 8 97% ilO 00
Lard-
January 4 82% 4 82%| 4 82%! 4 82%
May 49C 490 4 87% 490
Short Ribs-
January 4 90
Bay <490 _ 4 92% 490 4 92%
Cash quotations; 1 were as follows: Flour
Ptendv: winter patents. $4.70§i4. 90; straights,
$4.30@4.60: spring specials, 5.35; spring pat
ents. $4.50@4.50; straights, $4.20@4.40; bakers',
$3.50@3.80. Wheat— No. 2 spring. 93©95 c; No.
3 hard. 91?i:94%c; No. 2 red. $1.08. Corn-
No. 2.- 27% c; No. 2 yellow, 27% c. Oats— No
2. 23%@240; No. 3 'white, f. o. b., 24%@25%c.
Rye— No. 2, 47% c. Barley— Sample, f. o. b., 28
@37c. Flax Seed— "No. 1. $1.25%. Timothy Seed
—Prime, $2.80. Mess Pork— Per bbl, $9.85@
9.90. Lard— Per <00 lbs! $4.82%@4.85. Short
Ribs— Sides (loose). $4.77%@4.97%. Shoulders
—Dry salted (boxed), 4%@5c. Sides— Short
clear (boxed), $3@5.20'. Whisky— Distillers'
finished goods, per gallon, $1.19. Sugars-
Cut loaf. 5.89; granulated. 5.39. Receipts-
Flour, 7,000 bbls; wheat, 26,000 bu; corn, 20 000
bu; oats. 143.000 bu: rye, 1,000 bu- barley
45,000 bu. Shipments— Flour, 4,000 bbls- wheat'
8,000 bu: corn, 22,000 bu; oats, 89,000 bu; bar
ley, 14,000 bu. On the produce exchange to
day the butter market was steady. Cream
eries, 13®18%c: dair'es. ll@l7c. Eggs easy
fresh, 15% c. Cheese quiet, 8@8%c."
MINNEAPOLIS GRAIN.
MINNEAPOLIS. Jan. 29.— There was not a
shadow of a shade of weakness in the local
wheat market at the opening this morning
Yet the course of the market during the first
hour of trading indicated extreme nervous
ness. The opening price for May was at
95% c. against 94%@94%c yesterday, immedi
ately jumped to 95% c, dropped to 94% c firmed
up to 95c and lost %c by 10:30 a. m. This
action shows extreme nervous conditions in
the market and from past experience it would
indicate that a reaction from high prices is
due, for the reason that we have had a con
tinuous rise for nearly two weeks. The news
of the day, although in the main bullish was
not up to the standard of excellence.
May wheat opened at 95% c, against 94%@
94% c, lost %c. gained %c, declined to 94% c
advanced sharply to 95% c, declined to 95% c'
gained l-16c. fluctuated for a while between
95% c and 95c. dropped to 94>4c@94%c, shortly
after sold at 94% c and finally closed at 94% c
July wheat opened at 94% c, against 94Vic yes
terday, advanced to 95c, dropped to 94% c
gained %c, sold at 94'^c, advanced to 94%<7jj
94% c, declined rapidly to 93% c. firmed up to
94% cby 11:55 and closed at 94% c.
The cash wheat market was active and
strong, with a good demand for all choice
wheat, some choice No. 1 northern going to
Be over the May. It must be stated here how
ever, that the clasp of wheat was being bought
for seed purposes* Low grades sold well Re
ceipts here were 256 cars; shipments. 39 cars.
RANGE OF PRICES.
Open- High- Low- Closing
Wheat— Ing. est est Today. Yes
January 9« ggu
May 96% 95% 84% 94% 94%
July 64% «5 93% 94% 9414
On Track— No. 1 hard, OT^c; No. 1 north
ern, 96% c; No. .1 northern, 92% c; January
oats, 23% c; c0rn,:.25%c; flaxseed, $1.24%.
Curb on May wheat .'■* 941^
Puts on May wheat .. \. 93%@93%
Calls on May wheat 4i 96%<g>95%
SAMPLE SALES.
No. 1 hard, 700 bu, to arrive $1.00
No. 1 northern, 1 car, f. o. b 1.00
No. 1 northern, 8,000 bu, to arrive
No. 1 northern, 1 car, to arrive , .97
No. 1 northern. 1,200 bu, to arrive .97
No. 1 northern, 3,200 bu, to arrive 97
No. 1 northern, 6,000 bu, to arrive 97U
No. 1 northern, 4,000 bu, to arrive,
choice 98%
No. 1 northern, 6,000 bu, to arrive 9714
No. 1 northern, 1,200 bu, to arrive 97
No. 1 northern, 1,800 bu, to arrive 87
No. 1 northern, 1.800 bu, to arrive 97
Corn— No. 3 yellow, 26c; No. 2, 26% c; no
•ales.
Oate-No. t. 13%.@23%c; bo grade, 23%0.
Rye— No. 2, 44c. No sales reported.
Barley— No sales.
STATE GRAIN INSPECTION.
Northern.
Railroads. N0.1hd.N0.1.N0,2.N0.3.ReJ.N9.
O. N.— Breck. D1v.... 1 17 23 29 6 6
G. N.— F. F. Div 10 7
C, M. & St. P 1 6 19 30 33 ..
M. & St. L 8 3 13 4 ..
Soo Line 4 7 7 13 4
Northern Pacific 8 3 11..
C.St. P., M. & 0 4 10 21 27 ..
Totals 6 49 72 107 74 7
Other Grains —^Winter wheat, 2 cars; No. 3
corn, 18 cars; No. 4 corn, 1 car; No. 3 oats,
20 cars; no grade oats, 1 car; No. 2 rye, 4
cars; No. 4 barley, 1 car; No. 6 barley, 2
cars; No. 1 flax, 18 cars; no grade flax, 1 car.
Cars Inspected Out— No. 1 hard wheat, 1
car; No. 1 northern, 37; No. 2 northern, 6;
No. 3, 21; rejected, 5; winter wheat, 8; No.
8 corn, 5; No. 3 oats, 17; no grade oats, 2; No.
5 barley. 6.
RECEIPTS AND SHIPMENTS.
Receipts— Wheat. 256 cars, 174,080 bu; corn,
4,200 bu; oats, 26,160 bu; barley, 680 bu; rye,
1,080 bu; flax, 6,000 bu; oil meal,
106,100 lbs; merchandise, 1,097,705
lbs; lumber, 16 cars; barrel stock,
4 cars; machinery, 191,500 lbs; coal, 1,
--107 tons; wood, 237 cords; pig iron, 27 cars;
railroad iron, 35 cars; dressed meats, 32,021
lbs; railroad materials, 1 car; sundries, 12
cars; car lots, 577.
Shipped— Wheat, 39 cars, 30,030 bu; corn,
4,980 bu; oats, 2,640 bu; rye, 1,720 bu; oil meal,
20,000 lbs; flour, 37,106 bbls; millstuffs, 1,523
tons; fruit, 52.600 lbs; merchandise, 1,309,990
lbs; lumber, 42 cars; barrel stock, 1 car; ma
chinery, 182,200 lbs; coal, 20 tons; cement.
125 bbls; ties, 15 cars; stone and marble. 2
cars; railroad iron, 1 car; butter, 2,450 lbs;
railroad materials, 6 cars; sundries, 7 cars;
car lots, 610.
DULUTH GRAIN.
DULUTH, Minn.. Jan. 20.— Market fairly
active and weaker. May opened %c up at
96f, sold down to 95% at noon, and .closed
%c off at 95% c. Cash, 65,000 bu elevators.
Wheat— No 1 hard, cash, 96% c; January,
96% c; May, 96% c; July, 95% c; September,
78% c; No. 1 northern, cash. 95% c: January,
95% c; May, 9t>%c; July, 94% c; September,
77% c; No. 2 northern, 90% c; So. 3, 84c; to ar
rive; No. 1 hard, 9Sc; No. 1 northern, 98% c;
rye 47c; oais, 25@24c; barley, 26% c: flax,
$1.25; May. $1.29; corn, 27%@27c. Car in
spection—Wheat, 64; corn, 20; oats. 7; rye,
2- barley, 6; flax. 3. Receipts— Wheat, 30,
--680; corn 16.1C9, oats, 16.398; rye, 3.336; bar
ley, 4,671; flax, 2,175. Shipments— Wheat, 6,
--484; oats, 2,462.
ST. PAUL GRAIN.
Quotations on hay, grain, feed, etc., fur
nished by Griggs Bros., commission mer
chants:
Wheat — Saturday's market opened higher,
but sold off later and closed below the open
ing prices. Track prices were about the
same as on Friday. No. 1 northern, 96 1 ,i@
97% c; No. 2 northern, 90@93c.
Corn— No. 3 yellow, 2CVi;327c; No. 3, 26®
26% c.
Rye— 44@46c.
Barley— 2s@3oc.
Oats— No. 3 white, 23Vi@23%c; No. 3, 22%
1 @23c.
Seed— Timothy, $1@1.25; red clover, $3.20@
; S. 80; flax, $1.24@1.25.
Flour— Patents, per bbl. $4.70(Tf5; straights,
i $4.30@4.50; bakers', $3.50@4; rye flour, $2.80
I @3.
Ground Feed and Millstuffs — No. 1 feed,
j $ll(ull.25; coarse cornmeal, $10.50510.75; bran,
' bulk, $10^10.25; shorts, $10@10.25.
Hay— Nothing new to be said regarding the
j market; there is absolutely no demand ex
-1 cepting for choicest qualities upland and
I timothy. Choice to fancy upland, $5.. r >o's,6;
I good qualities, $4.50^5.25, inferior qualities,
j $3.5034.2. : >; timothy, good to choice, $6.75'®
< 7.25, Straw steady; oats, $3@3.75; rye, $3@
I 3.25.
OTHER GRAIN MARKETS.
NEW YORK.
NEW YORK, Jan. 29.— Flour— Receipts, 11,
--| 339 bbls; exports. 9,171 bbls: market inactive,
I but firmly held. Rye flour quiet. Buckwheat i
flour steady. Buckwheat steady. Cornmeal j
steady. Rye quiet. Barley steady. Barley |
malt steady. Wheat — Receipts, 30,525 bu; ex- I
ports, 34,631 bu; spot easy; No. 2 red, $1.07; i
I options %@%e not decline; No. 2 red, Janu
ary, $1.08%@1.08%, closed at $1.08%; May,
i 9SX,(ffi'99%c, closed at 98% c. Corn— Receipts, i
101,400 bu; exports, 45,000 bu; spot steady; ;
I No. 2, 36% c: options %c net lower; January i
i closed at 34% c; May, 34%@34 9-16 c, closed at
: 34c. Oats— Receipts, 50,400 bu; exports, 10,329
' bu; spot quiet; No. 2, 29@29Vic; options %c
I net lower; May closed at 2S%c.
KANSAS CITY.
KANSAS CITY. Jan. 29.— Wheat— Slow;
lower; No. 1 hard, nominally. 90c-; No. 2,
85@88c; No. 1 red. nominally. 98c; No. 2 I
spring, Br,@Bß%c: No. 3, 83c. Corn— Active; '
steady; No. 2 mixed, 25c. Oats— Slow; s eddy; j
No. 2 white, 23%@24c. Rye— Firm; No. 2,
45c.
LIVERPOOL.
LIVERPOOL. Jan. 29.— Closing— Wheat-
Steady; %d higher to %d lower; January
nominal; March, 7s 10% d; May, 7s b%d; July,
7s 2%d; September, 6s 7V*d. Corn— Steady;
%d lower to %d lower; January, 3s sd; March
3s 2%d; May, 3s 2%d; July, 3s 2%d.
TOLEDO.
TOLEDO, Jan. 29.— Wheat— Lower; easy;
cash, 96% c; May, 96% c asked; July, 87c.
Corn— Dull, steady; No. 2 mixed, 29^c; No.
2 May, 29% c. Oats— Unchanged; dull; No. 2
mixed, 29% c; No. 2 white. 25% c; No. 3 white, I
24% c. Rye— Dull; steady; No. 2, 49c.
ST. LOUIS.
ST. LOUIS, Jan. 29.— Wheat— Lower; No. 1
red cash, elevator 98% c; track, 99c; January
98% c; nominal; May, 98% c; July, 83e. Corn-
Lower; No. 5 cash. 26% c; January, 26c; July,
28 1 4c. Oats— Lower; No. 2 cash, 24c; track,
24% c; January, 230; May, 23% c; July, 22% c.
MILWAUKEE.
MILWAUKEE, Jan. 29.— Flour— Firm
Wheat— Easier; No. 1 northern 97y>@9Sc; No.
2 spring, 90@92c; May. 96% c. Rye— Firm;
No. 1, 48%@48%c. Barley— Quiet; Xo. 2,
40% c; sample, 29@39c.
LIVE STOCK.
UNION STOCKYARDS.
Receipts— Hogs, SOO; cattle 100; calves, 5;
sleep, 260.
i Hogs— so lower; the decline starbd yester-
I day was in full force today, and se'.lers "had
j to rake off about a nickel. The quality was
I good and sold from $3.25 to $3.62%, wi.h the
bulk at $3.30 to $3.57%.
Representatives Sa'.es —
No. Wt. D'k'gp. Price.-No. Wt. D'k*ge. Price.
1 670 . . $1 50 61 171 . . $3 55
2 120 . . 325 54 170 . . 355
11 101 . . 325 64 212 40 3 57% I
1 420 80 330 71 226 40 3 57 I '-. !
8 313 . . 330 171 177 80 3 57^
8 456 . . 330 69 180 40 3 57' A '
1 300 . . 330 78 202 40 3 57% I
14 117 . . 330 63 225 . . 3 57% I
I 2 365 . . 330 74 185 . . 360
4 330 120 330 57 183 40 360
14 407 .. 320 ,79 234 40 360
4 390 ..3 30 130 181 . . 3 62%
Cattle — Quiet; only a few bunches arrived,
selling early at about yesterday's prices.
The demand has been good ail around this i
week with the exception of stockers and feed- '
crs; the buyers for that class were scarce en !
account of the snow blockade south. The j
prospects are good for next week. Yards 1
well cleared for the week.
Representatives Sales —
No. Wt.Price. No. Wt.Price.
Veal Calves— | Stock Cows and
1 180 $5 00 Heifers—
1 220 4 25 1 900 2 50
Canners— 2 390 3 00
1 910 1 40 1 440 3 00
Butcher Cows and 1 330 3 05
Heifers^ — Butcher Steers —
1 800 2 00 6 1018 3 80
3 820 2 30 8 648 3 50
1 1100 240 Bulls—
1 730 2 60 1 930 2 70
1 700 2 75 3 1170 3 15
13 1045 3 00 1 870 3 15
4 985 300 Stockers and Feed
-16 1118 3 50ers—
Milkers and Spring- 8 381 3 25
ers^ 3 926 3 60
1 c and 1 c. .for 28 00| 2 440 3 80
1 c and 1 c.forfO 00 6 338 4 00
1 0 and 1c..f0r22 50i 8 416 4 00
Butcher Steers— 5 306 4 15
7 404 $3 67 1 2 185 4 25
4 595 3 40 1
Sheep — Firm; good demand.
Representatives Sales —
No^ Wt. Price. !No. Wt.Price.
22 yearlings. 90 $4 25 J 129 lambs 80 $5 25
CHICAGO.
CHICAGO, Jan - 29.— The few cattle offered
today were disposed of at the recent decline,
prices averaging about 10c lower than a week
ago. Trade in hogs was active, and despite
the large receipts, Friday's late advance was
well maintained . Common to prime droves of
hogs sold at $3.65@ 3.90; largely at 3.77%@'3.85,
and pigs sold chiefly at $2.50®3.75. Prices
were 10@12c higher than a week ago. There
was a fair demand for sheep and lambs at
unchanged prices, sheep being salable at
$3.30@4.55, with strictly choice to extra grades
quotable at $4.60@4.75; lambs were salable
at $4.50® 5.75; feeders selling at $5.15; year
llcga brought $4.50®5. Receipts— Cattle, 500
head; hogg, 28,000 head; sheep, 5,000 head.
ST. LOUIS.
ST. LOUIS, Jan. 29.— Cattle— Reoeipts, 700;
Including 400 Texan*; market itaody; native
shipping steers. $4.25^5.25; butcher steers,
$8.50@5.85; stockers and feeders, $2.50@4.40;
cows and heifers. $2.00@4.30; Texas and In
dian steers, ?3.35@4.35; butcher steers, $3.50@
4.85; etockers and feeders, $2.5054.40; cows
and heifers, $2@4.30; Texas and Indian
steers, $3.35@4.35; cows and heifers, $2.60^
3.30. Hogs— Receipts. 3,000; market active;
light, $3.70(@3.75; heavy, $3.75@3-S5.
MIDWAY HORSE MARKET.
Barrett & Zimmerman's report: Market dull
with a great assortment of all clases of horses
on hand. The following representative sales
are for this day:
Wt. Price.
1 pair gray mares, 5 and 6 years 3,200 $195
1 pair gray mares, 5 and 7 years 3,000 185
1 pair sorrel horses, 5 and 6 years 2.800 175
1 pair sorrel horses, 6 and 7 years 2,600 170
1 pair of sorrel mares, 5 years 2,400 160
1 bay mare, 6 years 1,500 100
1 bay mare, 5 years 1.400 60
1 bay mare, 6 years 1,300 55
OMAHA.
OMAHA, Jan. 29.— Cattle— Receipts, 800;
market steady; native beef steers, $3.70@
4.85; Texas steers, $3<g3.70; cows and heifers,
$3@3.85; stockers and feeders, $3.50g4.50.
Hogs— Receipts, 4,500; market strong; "bulk
of sales, $3.G0@3.65. Sheep— Receipts, 1.700;
n-.arket steady; fair to choice Westerns J3.GO
@4.20; fair to choice natives. $3.7Cg4.40; coin
men and stock sheep, $3@3.55; lambs, $4®
5.40.
SIOUX CITY.
SIOUX CITY, 10., Jan. 29.-Cattle. 200;
yesterday, 306; shipments, 720; good, steady;
common, weak; cows, bulls, mixed $1.65@
3.75; veals, $4@6; stockers and feeders. $3.50
©4.30; calves and yearlings, $3.65f?4.80.
Hog's, 1,800; yesterday. 1,446; shlpmontsT 232;
KANSAS CITY.
KANSAS CITY, Jan. 29.— Cattle— Receipts
300; market unchanged from yesterday'
Hogs— Receipts. 11,000; market steady to
shade lower; bulk of sales $3.60Tj3 70- pigs
$3.20@3.40. Sheep— Receipts, 500^ market
firm, lambs, $4.25@5.C0; muttons, $3.25@4.25.
MISCELLANEOUS.
NEW YORK, Jan. 29.— Conditions fa
vorable to more extensive trade are shown iv
the dry gooas market at the close <3T the
week's "trading. The returns for the week
have been partially satisfactory. In cotton
goods line there has been but slight increase
in the sales and this has been due to local
causes in some sections. But there has been
a noteworthy firmness in all lines of staple
goods with prints in fair, steady demand.
SEED MARKET.
CHICAGO, Jan. 29.— The flax seed market
was alittle slow again today, speculative in
terests generally being more centered in
wheat. Receipts here were 15 cars, 3 cars at
Duluth and 10 cars at Minneapolis. The of
ficial close, as reported by the Weare Com
mission Co.. is as fo'lows: Cash flax at $1.30,
and $1.28 for May. Cash timothy seed closed
at $2.80 per 100 lbs., and March at $2.85.
Clever seed closed at $5.10 per 100 lbs. To
ledo reports a higher and stronger market
for clover seed, and will probably cause a
rise here. Minneapolis flax seed quoUd at
Jl.L'-i'i per bu.
BUTTER AND EGGS.
NEW YORK, Jan. 29.— Butter— Receipts,
2,186 pkgs; steady; creamery. 14%@20c; E
gins, 20c; factory. ll%c. Cheese— Receipts,
1,011 pkgs; easy; large white September, BVic;
email do, 9@ 914 c; large colored September
9^ic; small do, 9@9>4c; large O-tcber S@S'ic
large do, 9»4f:BV2e; light skims, 6@6V4c- part
skims, 4©sVsc; full skims, 2*330. ~ Eggs—Re
ceipts, 13,493 pkgs; steady; state and Penn
sylvania, ls\2 l §2oc; Western, 19c.
NEWYORITsToCKS.
NEW YORK, Jan. 29.— At the opening of
the stock market today, it looked as though
the orders accumulated by commission houses
over night were to sell in order to tako
profits. First sales were very general at a
fraction below last night's prices, and 2,000
shares of New York Central thrown on the
market drove the price of that stock down
%. The market steadied almost immediately
and recovered gradually to above last night's
level, net gains being, however, very unequal
Lake Shore was most conspicuous In Its
movements, rising 6V4 points to 194' ion the
reported plan to exchange $2CO of New York
Central 3% debenture bonds for each $100 of
Lake Shore stock. New York Central ulti
mately tended strongly upward after waver
ing somewhat. There was also some taking
of profits on the advance, due to doubts as
to how far the stock would be allowed to
benefit from Lake Shore's surplus earnings,
which, it was rumored, would be applied
to a sinking fund for the bonds issued in pay
ment.
Another strong element in the market was
Louisville, which advanced over a point on
reports that a plan for refunding obligations
at a lower rate of interest was under consid
eration. The stock was leader of the market
in point of activity. Northern Pacific pre
ferred continued to advance on well defined
rumors that an additional dividend is in
prospect. Denver & Ro Grande preferred,
Northwestern and a number of less prom
inent stocks showed notable gains. These
elements of strength served to sustain the
market, and to counteract some tendency to
sluggishness and heaviness In the general list,
so that net gains were achieved in most
stocks, though they are small outside the
special cases mentioned. Quotations from
London this mornlug showed some depression
in the markets for Americans there, which
was attributed to the apprehension awakend
in the British mind by yesterday's vote on
the Teller resolution.
Total sales of stocks today were 201,800
shares, including 3,160 Athison preferred;
7,957 Burling.on; 4,710 Denver & Rio Grande
preferred; 3,420 Lake Shore; 24,270 L. & N.
--5.120 Manhattan; 3,205 Missouri Pacific; 6 340
M., K. & T. preferred; 20,869 New York Cen
tral; 4,070 Northern Pacific; 13,316 Northern
Pacific preferred; 4,300 Rock Island: 10,640 St.
Paul; 3,930 Southern preferred; 9 690 Union
Pacific; 8,«1 Chicago Gas; 9.050 Sugar.
The following were the fluctuations of the
leading railway and Industrial shares fur
nished by C. H. F. Smith & Co.. members
New York stock exchange and Chicago board
of trade:
~§ = r g~
Sf 3 8
S % % f
Am. Tobacco 88 ~8S»^ 88 I 88
Am. Spirits 1 jj.-v
do pfd 21%
Atchison 13 13%! 13 13
do pfd 31 31% 31 31
Am. Cotton Oil .. .. 21% 21% 2174 ''1%
Bay State Gas 3% 3% 3% 3%
rJ. & O 13
£„ B. & Q 99% 100%j"9<i% 99%
SK C "o C ™ & St - L - 35 % 3f!7 4i 3: '% 36%
Ches. & Ohio 22% 22% 22»4 22%
Chicago Gas 96% 97'^ 96% 5)7 £ !
Canada Southern \ a-.sX
Col. Fuel & I 24V? '
c «a-::.-:::::::.. 14% .^'^ g£
Delaware & Hudson 112%
Del., Lack. & W....J153 164 153" 154
Erie 1 1 1 15%
do pfd 139 39 % ! 38% 3914 j
General Electric I 36>/ 2 36& 36>/ 4 36 i
Great Northern pfd .. 135 135 I 135 135V4
Hocking Valley 6% 6%| 6% ! 6% ;
Illionls Central i 108% lOS^t 10S j 108%
Jersey Central 94% 94% 9414! 94% !
Kansas & Texas .... 13% 13% 13% i:;-.
do pfd 39Vz 40%! 39",. 40%
.LjC&q ........ 35
Linseed Oil "18% "is% ' 'i.S% 18V.!
LacledeGas 44 44% 44 44V1
hkf EV-& w ■::::. . 51% 88% 57% gft
T Je S th % r », pM ' 64% 65 '< 64% 65 i
Lake Shore 189 19434(189 193%
Manhattan Con .... 116% 117% 116% 117$
Met. Traction 146% 146%! 145% 146
Minnesota Iron 60 60 59% 59%
Missouri Pacific .... 34% 35% 34% 35% j
Michigan Central .... 107 107% 106% 107
N. P. common 27% 28% 27% 27%!
do pfd ... 67 67 67 67%
New York Central .. 118% 119% m% ÜB%
Northwestern 124 125%: 124%! 125%
N&rth American .... 5% 5%i 5% I 5% I
New /iork Gas 191% 191%! 191%! ISI% j
°^ ah «- 76% 77 76% 7G%
do pfd j4g
Ontario & Western . . 17% ' ii% ' "n% 17%
Pacific Mall 31% 31% 31% 31% !
Pullman 178% 178%! 178 178 |
Reading ... 22% 22% 22 22% I
do Ist pfd 51 51%! 50% 51% j
do 2d pfd 1 . 27% '•
Rock Island 93% 93% 93% 93% i
Southern R'y 9 9% 9 9% ■
do pfd 31 31% 3Q7i 3ii<, ;
Silver certificates . * 56%
Sugar Refinery .. .. 136% 138% 136%! 138%
St. Paul 95% 96 95% 95%
Tennessee Coal 26%| 2-->% 25%' 25
Texas Pacific 11%) n % 11% 11%
Union Pacific 34% 34%! 33% 34U
U. S. Rubber jgi/"
Western Union .... 90% 91% 90% 91% '
W abash 1 I 7 i/
i&tVia. ■•:■• UtiHaJ 'a :
The following were the closing quotations
of other stocks as reported by the Associated
Press :
Can. Pac 88%!5t.P..M. & M W>~ i
Can. South 54% So. Pacific ->0
Cen. Pac 13% U. P., D. & G . .' 9% i
C. & A 165 W. &L. E .... 3%'
C & E. I 59% do pfd .... " 13% !
D. & R. G 13% Adams Ex .. .. '160
do pfd 50% Amercian Ex 119
Ft. Wayne 170 U. S. Ex '" 41%
L. E. & W. pfd.. 72% Wells-Falgo Ex.. 110 !
L. & N 58% A. Cot. Oil pfd... 76% |
Manhattan L .. ..117% Am. Tobacco p-d 111
Met. St. R'y ....146 Cons. Gas . 19?
Mich. Cen 107 Com. Cable Co 175
M. & O 30 Illinois Steel .. 51
C. I. & L 9% Lead pfd 107
do pfd 32% Nat. Lin. Oil .... 18%
N. V., C. & St. L. 15 Silver certificates 56%
do let pfd .... 75 S. R. & T 4
do 2d pfd 393 i Sugar Dfd 113V4
- BEOFIEY -
To loan on approved property ia It.
Paul and Minneapolis.
C°/ "OW OS
O/O BEFORE"
In Snmi to Salt.
R- M. NEWPORT & SO \
Reeve Bid-, Pioneer Press Did?
Minueapolia. St. Paul.
Slifliut'l Do ran. Jamci Dorra,
M. DORAN & CO.
BANKKRS AND BaOXß^i
3H Jackson St., St. Paul, Minn.
GRIGGS BROS.
Coniintanlon Merchuut*.
GRAIN— BALED HAY— 3EED3
Agents forms ill n*rpu>»!; illuuilj nl
single loop Hi,- Balla? Tio*
Third and Cedar Si«.. St. Paal. Minn.
G. H, F. SMITH 3l CD.
Member* J York Stock Exehanga.
( Chicago Board of Tr.-iJj.
Storks, Bon-la, Grain. Provision* >m I !>•>■> »
*'r<eate wires to Srio Tork anil C/iirt / >
tot Pioneer fre.t.l liuiUlinj, St. Paul, JUlmt
H. HOL3ERT & SON,
Bankers and Brokers,
341 ROBERT STREET, ST. PAIL
1"■ ' 5
O- & W 17% U. S. Lea'her .... 7
S:\*if :::::: S: % Hubb "" w *3
p«ttsburg ieß do pfd"*.*::;:::iK
St. L & S. F. .. 7% R. G W ..22
c* d °r» pf ? Vi sGlil d 0 P f d 69
S S P - £Om •••• 763 4 do Pfd 10
do pfd us I
BONDS.
U. S. new 4s reg.127% X. J. C. 6s .. NaT"
d» coup 129 IN. C. 6s .. .. ' 12.'.
US. 4s 113 ' do 4s i iu
d» coup 114% N. P. lHts 6a .11VA
do 2ds 100 do prior 4s ...'06%
do Bs reg 113»4 do pen 33 . 63%
do coup 114%N.Y..C. & SLL.4s!lO6tt
District 3 -65s ..117% N. & W. fi s .. 124 V?
Ala. class A 108 N. W. cons 141
do n 108 do deb. 5s US
do C 100 Or. Nay. lsts !.H5
do currency ICO do 4s Ort
Atchlson 4s 92 Or. S. L C>i't.'r 127%
do adj. 4s 6(.'% do os.t.r 99*2
Can. So. 2ds 109% Or. Imp.lats.t.r 111
C&N. P 85% do ss. t.r.' ' BBV4
C & O. 5s iifi Pacific 6s <rf '95 103%
C, H. & I). 4%5.101% Reading -Is .
D. & R. G. lsts..l(X> R. G. W. lsts '
do 4s 94% St.L. & I.M.con !
East Term. 15t5.. 107 St. l,. &S.P.(
Erie gen. 4s 71 St. P. con 1391 A
P.W. & D.lsts.t.r. IV, St.P.,C. & P.lVts'.l2l
Gen. E!ec. 5s ....101 I do . "is ... ugu
G.H. & S. A.65..10!> So R'y 5s ... "" 92' A
do 2ds 104 S. R. &T. fa.! 60
11. &T.C. 5s liO Term. new set
do con. Os .. ..10fl T. P., L. G..lk
lowa C. lsts ion I do reg, 2ds 3394
K. P. cOTi.t.r 99% U. P. lsts ..' l"i
do Ist (D.D.)r.r..119 U. P. D.&G.ists 35U
La. new cons. 45.102 Wab. Ist ss. 108%
L. & N. Uni. 45.. 86 do 2ds .. S'-'Ki
Missouri Ba 100 W. S. 4s 109%
M. K. & T. 2ds .. 66% Va. Centuries 71
do 4s 89% do deferred 3
N. Y. C. lsts ....116%
. ,
NEW YORK MIXING STOCKS.
Cholor }0 5 Ontario ~ W&i
Crown Point 2( )j>hir ... 50
Con. Cal & Va.. 90 Plymouth .. .... 08
Peadwood 9i Qu cksih er . 100
Goird & Curry .. 30 do pfd .... 250
Hale & Norcross. 1 2T> Sierra Nevada 60
Homestake 40 00 Standard .. 1 40
Iron Silver 40 Union con 40
Mexican 2\\ Vr!!ow Jacket 25
BOSTON MINING SHARES.
ATouez Mm. Co.. 1 Centennial 7. 9%
Atlantic 27% Osceola 41%
Boston & Mont ..158% Quincy ... no
Hutte & Boston . 2',% Pamarack 143%
Calumet & Hecla.49B Wolverines 18%
FOREIGN FINANCIAL.
NEW YORK, Jan. 29.— Evening Post's Lon
don financial cablegram: Americans were dull
here today in response to New York prices,
but the close was above the? lowest. Gold is
in good demand. Of fCOO.OOo gold in bars and
sovereigns from the Cape, £100,000 in sover
eigns has gone to the Hank of England £100 -
000 In bars to the continent, and £100,000 to
India. The latter Is not an exchange opera
tion. Money is likely to be more in demand
next week.
WEEKLY BANK STATEMENT.
NEW YORK. Jan. 29.-The weekly bank
statement shows the following changes:
Loans, increase $4,334 250
Specie, increase 2!30r>!600
Specie, increase 2,445,200
Legal tender, increase ' 3,89]
Deposits, increase 8,011^400
Circulation, decrease 124!&00
The banks now hold $35. (109. 450 in excess of
the requirements of the 25 per cent rule.
NEW YORK MONEY.
NEW YORK. Jan. 29.— Money on call easy
at 1% per cent; last loan, 1% per cent. Prime
mercantile paper, 3<&4 per cent. Sterling
exchange steady, with actual business In
bankers' bills at $4.84% for demand and at
I $4.82'^@4.82% for 60 days. Posted rates, $4.83
I @4.83/4 and $4.85^(54. 86. Commercial bills
$4.81i^54.82. Sliver certificates. 56-\*t5714,c1
Bar silver, 56% c. Mexican dollars, 45-')ie.
BANK CLEARINGS.
St. Pau1— 5539,528.11.
Minneapolis— sl,ll6,l9B.
Chicag0— 513, 472. 3C.9.
Boston— sl7. 7Bo. 7SX.
New York— slsC,. r ,01,508.
TREASURY STATEMENT.
WASHINGTON, Jan. 29.— Today's statement
of the condition of the treasury shows: Avail
able cash balance, $241,134,919; gold reserve
$164,005,478.
-4^_
EPISODE OF THE LATE WAR.
Last Mftht wf a Southern Soldier on
the Battleflleld of Ualvern Hill.
"Don't leave me, captain! Oh, don't leave
me!"— words that came ti. me with an ago
nized shriek from a bleeding and dying
Confederate soldier on the evening of the
great battle of Malvern Hill. July 1, 1562.
He was a mere youth of 17 years, lay in a
heap, gasping for the breath which w;is fast
leaving him. along with the rays of sun*
light, on that wad and im-morable "day. I. for
whom that piteous cry v>\m meant, was a
staff officer of the brigade to which the
Louisiana regiment, the soldier boy's regi
ment, was attached.
Well mounted, I was galloping back across
that bloody field to report the riuty I had
perfornud, when suddenly arrested "in my
course by the voice of despair and woe com
ing from my stricken comrade. The day
was fast passing away into darkness, a >i irk
ness that seemed to enshroud this valley of
death. The terrific cannonading on both
sides that had lasted for hours from the
surrounding hills (.Malvern hill being the
central point of attack by the Confederates)
1 was supplemented by the booming of artil
lery and the bursting of shells from the gun
boats on the adjacent James river.
Nature seemed to revolt at this scene of
! blood and carnage. Thunder and lightning
i and an avalanche of rain came in quick sue-
J cession with such great force as to cause
1 the stoutest heart to quake. This great \>:^r
tle was the seventh day's fight to capture
' the city of Richmond. It was not an onil
nary battle, but a demon's fight, and the final
encounter between those two giants of war,
Robert E. Lee and George li. McClellan.
It gave the laurels of victory to the Southern
chieftain, bedewed with the tears of broken
hearts.
Without stopping to consider what I, alone,
could do for the dying youth, amidst the
chaos and Increasing darkness of the night
that prevailed I turned back and dismount
ed to keep a lonely vigil with the dying. My
horse, which, strange to say, had seemed
frenzied with fear, became quiet and tract
able, as thoueh he knew there was safety
with his master. I called the buy, who had
swooned away from loss of blood, and was
glad to know he was not dead. Giving him
the bridle of my horse to hold. I tore the
sash from around my waist to bandage hia
; torn and bleeding limb.
The boy was praying and called down God'a
! blessing on me. His petition to heaven
seemed to be heard. The storm of wind and
rain, although still high, \vas abating. Naught
but the mournful wall of the wind through
the surrounding forest could now be heard.
i The great armies that h;t>l so lately confront
' ed each other in battle array had seemingly
I vanished from the sfr-ne. I was alone on a
I battlefield with the dead. Wet and dripping,
i with the chill of night upon me, I waited' for
, morning — and he, too. the brave soldier boy,
was waiting for morning. Oh, God! will it
ever come!
He clasped my hand with hope and con
! fidence, and seemed to be happy and without
pain. I believed he had gone to sleep.
i Morning came, and he was still asleep —
asleep to wake no more.— Washington Post.
At School.
Teacher— What is a meteor?
Liitle Tommy— l heard Sister Nell say last
night that a meteor was always a good ex«
cuse for kissing. — Louisville Journal.