The Saint Paul globe., June 14, 1898, Page 6, Image 6

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

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

                
AGRICULTURAL-COMMERCIAL INDUSTRIAL FINANCIAL
«
DRAFT HORSE FOR BREEDING
VIEWS OF A HORSEMAN AS TO ■
AVERAGE FARMER'S NEEDS
llLvliikcH That Must* Xot Be RCfMtcl
C«O< Stock MeaiiH tJocul Prices
linier-Mited nml Ul-Kormc«l
Homi Xot Wanted Money in
the lntlnstry if Properly Con
limlftl.
The revival of the horse Industry has re
sulted in many inquiries being made to the
more prominent live stock journals respecting
the most desirable breeds, especially in con- j
nection with horse raising by the average
farmer. Robert Burgess, of Marshall county. I
I believe, has written a reply to the Breeders'
Gazette, of Chicago, which contains many
practical points, and The Globe reprints
It for the benefit of its readers, who are inter
ests! in the subject. This Is what Mr.
Burgees says: |
For the average farmer the horse of all
Tioisis to grow for profit is the large, sound,
welljired, well-fed, and well-broken draft
hi rse. I-et me not be misunderstood. I say
for the average farmer— the farmer who has
work on hi« farm for a horse of this kind;
the tanner who has no taste for a horse that
requires a great deal of training, or who, if
ha baa the taste, does not have the time to
u\\i- th ■ training; or, if he has both the time j
and taste, does not care to have his boys get
the fast-horse fever. There are farmr-rs who
prefer to grow the roadster or Hackney; their
taste runs in that way. They are skilled In
training bones; they can do as much work I
on the ordinary farm with these as with a
heavier horse. ;ind with more satisfaction to
themselves; and when it oomrs to going to
town there is no comparison. These men
should gr.itifv their taste, but the average
f.-:niv. r will prefer the draft horse. The farmer
of this elan who took my advice in 1894 and
kept right on breeding and growing colts of
this kind can well pat himself on the h.-.cl:
now. If there hus not been much money in
it the past few years it is In sight now. An
advance of 35 to 50 per cent in the l?.st v--r
Is encouraging to an industry that was sup
poeed by many to be past redemption.
Hut if money is to be made In the future
there are some mistakes of the past iha"
must not be repeated. The d:a't-horse in
lustry received its greatest ben fit by using
the first-class imported horses, but oa t;e
other hand there was imported a great d al
of "track" deficient in s'.zp and formation
and liable to become unsound the first oppor
tunity. It was natural that such a mistike
(should be made, because Importeis were in
experienced a:id anything that would mak a
pnfi: was imported. It was natu-al that 'he
farmers should purchase and pat:o:itze tha
kind of horses. In the West e.p.'cii.lly h
was without experience and like all inex
perienced men made mi-takes. It was bu
natural that he should use br.)o3 mares in
ferior in size and unsound, becaus? lar;;?
profits were promised and he was inexpfrier.c
ed In the business, and hence easily lund to
a serious mistake. It was natural, but n t
reasonable or sensible. The^e mi 'takes
should be avoid.- d in the future.
Other farmers had the fo li?b idea that a
horse to be hardy must be used to hardshir —
must have the run of th n stalkfilds in the
winter. mu=t learn to live on li t'e and stand
cold and heat, hunger and thirst, and thus
become tcugh. They did not rrsli'e 'hat luge
horses cannot be grov. n in any eoi-nt y in the
world without liberal feeding, and (specially
from weaning time until three or four y^ais
old. and the frame is fully de - el)ptd. This,
"sparse keep" (hanged the draft horse i ito
a plug or a chunk and knocked anywhere
from 525 to $100 off his pric ■. That mistake!
must not be repeated if we are to ma':e money
on the draft herse.
There are two d ; ffleulties in the w.ay of
growing the kind of draft horses that must
be grown for profit. One is the scarcity of
r< ally good, sound, weighty mares of suffi
cient size and good breeding. Where a man
could pick up a half-dozen brood mares of
this kind a few years ago he can scarcely
find me now; we have s'.id back and w?
will have to grade up again slowly, but let
us hope surely. A second difficulty is that
sires through the country of sufficient s'!'
and quality are seldom to be had, while many
importers and breeders have gone out of busi
ness. There are a few who have had iai h.
have kept their best: kept growing right
along as though nothing had happened, c .n
--fldent that time would vindicate the wisdom
of their course. These men wiTT make a pile
of money. 1 wish it was twice as much; not"
for their sakes. but for the sake of the pub
lic, who will need the best their s'.uds cm
fuml«h, and twice as many as they can sup
ply before we write 1900 on our letter heals.
This may seem an optimistic or too hop?fal
a view, but we ask the readers to think It
over and 'hen mark the place and see wheth
er when 1900 oomes I am not right and Lave
not given good, sound advice.
There will be no revival in the horse busi
ness for stock which the world docs not
want, such as streetcr3. undersized and ill
formed horses of any kind. The demand tor
these will be met by the range at prices that
would be ruinous to the farm<r. There will
be no profitable demand for unsound horses of
any kin<l There will be. in my Judgment, a
good demand both at home and abroad for
the gotd sound horses I mention and good
money to the farmer who will set about pro
ducing them during the present season, a?
betw»en 1.00.l and 2.00.1 have b?en leaving
this country for Europe every week.
TWIN CITIES— BUSINESS CONDITIONS.
St. l'aul — June ard July are expected to be
duil months in the boot and shoe business,
but orders for the season are far ahead of
pn vious year?, and a good demand has b?en
. 'd for gioves and mittens for fall ship
m< nt. with unusually active trade for furs.
I>ry goods are seasonably dull, but prospects
were nrver brighter for an excellent fall
tradi Country reports are that the cr:p bid?
fair to be large, by far exceeding the banner
y ar 1892. The high price of wheat has not
only sustained prices generally, but given
greater promise for the future. Freight re
'• .! ta lor May show 10,724 cars, compared
with 10,188 cars last year, and shipments
7 MS against 7.7C5 last year.— Dun's Raview.
St. Paul June 10.— The building trades re
rort little activity except in repairs and a!
t.-ratiens. Sales in general merchandise are
ifod. The clothing and boot and sate lines
fall a little behind on account of large
amounts of !ast season's stock being carried
over. Hardware, drugs and groceries show
p. continued Increase over sales of a year ago
'.'rep reports arc favorable, with a few excep
tions, which are of slight importance —Brad
street's.
Minneapolis— With only eight miils g-indin e
7 <**) bb.s per day, the flour production
was 120,000 lighter than last year and Gfi noo
less than in 18%. with Minneapolis sales
r.h ut 90.000. and f reign shipments 36 455 bbls
Flour output Minneapolis 14" 075 bbls
■gainst 202.025 la=t year. Superior-Duluth
l'.i-;> against 4.-..955, Milwaukee 33 745 against '
50.745, and St. Louis 38.000 against 35 000 last
year. Saw m..ls are running overtime, and
to May lumber shipments wece 30 663 000 feet
against 2fi.00f1.000 last ye3r. Merchandise
Eflipmenta In May were 45.836.156 lbs and in
machinery, live stock, oil. and flour show
satisfactory increase over last year Furnl
tv.re manufacturers report a large trade and
business In rubber g;ods exceeds last year's
■nine in wire and nails the movement is be
yond the average, and in lawn go :ds garden
tools, refrigerators and hardware there is
gr.od demand. Cood trade is reported in
sporting goods, ammunition and bicycles with
2arge volume In glass, and drugs 20 per cent
W .n aS v year - J hc im Plement trade is
.arge, with heavy shipments in buggies and
9'« t.) lOi^o. May showed an increase nf
about 25 per cent in dry gcoda and groceries
TRADE CONDITIONS.
Boots and Shoes— The urgent demands f nP
speedy deliverry. though at smaT profit"
snow an enormous distribution and while
new orders are not largre there are some
for boots, many for men's shoes with nu
merous requests to deliver ahead of contracts"
and large orders for brogans. with great pres
sure for early shipment. Womfn's light
shoes are less active, though some deliveries
ahead are requested. In the past three
ri C . V o e o, E o h eo pments have beon 2 «-739 cases
agnlnst 224.352 last year, but 271,003 in S
and 275.22S in 1895, while in 1892 shipments
Tor the same week were only 222 840 cases
Leather— The market is not active beine
retarded by the prices asked, but the de
maud for union is increasing, and for snlit
steady, though slack for wax and kid Until
tlic advance of prices there was a large de
ma. id for satin, but it has fallen off
J lidos— The Chicago market is generally
•Vrcngcr Without urgent demand, a decline
Mag expected within a fortnight. Receipts
of cattle In May were 423,859 head, against
4*0.028, at the four chief Western cities and
in five months of this year, 2, 156 809 head
aj-ainst 2.108,632 last year. ' "cau
" tVool— Sales of wool have nearly stopped
at Boston, falling below a million pounds
At tho three chief cities sales for the week
v.-re 2.549.300 lbs, of which 1,663.500 were
B-mcrtK, against 5.365.000 last year, of which
1 J?2 200 were domestic, and In 1892, 4 878 750
Jhs, of which 2.M2.500 were domestic. The
pro-K crs' demands are somewhat higher than
V^forr. with money obtainable at 5 per cent
Bi local bankers. The mills have been out
of tho market for s'.x months, and it Is sup
prsf.d by holders that they cannot have held
Mere than a half year's supply on the aver
crrc. Sales are mainly of medium unwashed,
vith very meager transactions In territory,
»'ftd iower prices for pulled at New York.
The heavy auction sale of carpets at very
low prices, said to be 50 per cent below the
list, does not help the market, especially as
another is paid to be coming. Prices are
still firmer at Philadelphia, with more de
mand from outside mills— Dun's Review.
FOREIGN TRADE.
The following table gives the value of ex
ports from this port for the week end:ng
June 7, and Imports for the week ending
June 3. with corresponding movements a
year ago. and the total for the previous four
weeks, and the year thus far, with similar
figures for 1897:
Exnorts
IS9S 1897
Week $11,418,118 $U21.819
May, four weeks 40,371,965 35.1Ci2.-171
Year 213,669,355 172,005,54 l
Imports
18*8 1^97
Week $7,558,261 $10,512,161
May, four weeks 32.961,529 63. 104,513
Year 194.C58.972 232.24,,560
Exporis show a splendd gain over the
previous week, and siill more in comparison
with the same time fast year, the lncrcass
over 1897 amounting to $3.293. 219. Imports
were about the same- as last week, but the
usual decline appears in compar.san with
the corresponding part of 1897. The loss of
nearly $3,000,000 occurred in value of dry
goods and sugar received, while a small In
crease of last year's receipts is noticed In
coffee and tobacco. — Dun's Review.
WHEAT COLLAPSED.
Rumors of Leitcr't* Financial Weak
liest* 'Were the l'rlnclpal
C'nime.
GRAIN SUMMARY.
Prey. 1
Wheat. Close. Day. ,
| July, Minneapolis 91 $1 13%
I July, Chicago 79 S6
July, Duluth 90% 1 13
| July, New York 75% 92%
CHICAGO, June 13. — Enormou3 liquidation
for Joseph Leiter caused a ger,e:al rout of
the bulls in the wheat pit today. Prices at
the close shpwed a loss of 7c In July, ani 2Co)
3c in September. Corn left eft %<B'%iC lower.
Oats declined %£ %c. Pork lost 7%c. bard
and >ribs were each 5c higher.
Weak markets abroad and tome Indications
of gradually clearing weather in the West,
more especially in the Dakolas, Nebra-ka
and Kansas, started wheat very weak. For
an hour it continued to decline, every drop of
%c a bushel bringing out shoals of stop loss
orders. In that time September wheat had
lost 3*4 r of its value, as it stocd at the elo;e
of the cession Saturday. December, the next
most active delivery declined 3%c in the
same time. The near-by deliveries, however,
in which the trading was very much small
er, suffered more Eeverely, June dropped 8c
a bu, and July 7%c. During that time, it
was a mere hunt for buyers in the pit and
for a time it was a question as to how to get
rid of wheat rather than a question as to
how much could be got for it. It became cur
rent gos&ip about 12 o'clock, that Joseph
Ltiter had transferred his open trades in
wheat to others than the brokers that have
hitherto been dt.ing his trading on the floor.
Hi 3 trades in Jun?, it scon became definitely
kr.cwn, had been transferred to Armour &
Co., and his September trades to Lamson
Bros., & Co. As that was interpreted as a
sign of financial weakness, the effect v. <vi
the market was very de; res-sing. The pievi
cus decline had been so s?vere and the mar
ket had been relieved of such a great c.v n
tity of long wheat that the panic that
might otherwise have been looked for at such
a suggestion as the mere p~.s-ibllity of Leit
er being In financial dif'iculties was averted
although a further devlins was of course, in
evitable. July declined to 7,'e, a drp of 113
crmpare-d with the elo:e Saturday, Septem
ber fell to Cg^c, and December t; 69c.
One of the weak fact:rs of the day was the
utt r demo a izati n in t"e Njith«est, where
a combination of which Lei er was at the
head, had been holding July so sii;Hy. The
break there was more than doub'e what it
was here. Minneapolis and Duluth gave in
dications of a panic, the former getting 21%e
below Fatuiday's clcse, ard Duluth 13: lower.
Near the close the panicky feeling here grad
ually wore off and there was some reco\ery
from bottom prices.
Liverpool at the close was from 2%d to 4%d
!rwer and Paris the equivalent of 2%e a bu
The world's shipments last week were 12.
--387,000 bu. against 4. 023.000 the simi ar week
of last year. The domestic visible decreased
more than expected, the reduction tor the
week being 2,805.000 bu. The total U now
11.652.0P0 bu against 22,686,000 tu. at this time
last year. The clearances from Atlantic
pe.its since Saturday were equal in wheat ard
flour to 604.000 bu. Primal y We; tern market
receipts for the day were 303,000 bu, against
2?3.0<J0 bu a year ago.
July opened i@Cc* lower, at 80@S5c; gold
down to 79c; up to 81c, slumped to 75c, then
rallied to 79c. the closing figure. September
began 1%(u2%c down at 71> / 4@72%c, declined
t-r. nv*c, rose to 70%e, fell off to 69>ic then
firmed up to 70%@71c bid at the clcse.
There was very litt'e ind^pe-nd.ncs to C3rn,
prices sympathizing with the wheat collapse
July opened %@%c lower, at 32%@32%c; sold
down to 32% c; up to 32Viw32%c. declined to
31&Jc; then rose to 32 1 / 4@32%c asked at the
It was a case of follow the leader in oats,
the leader be-lr,g wheat. July opened %c low
er, at 23'%p24c. sold down to 23«. c, up to 24c
then fell off to 23% cat the close.
With every one wanting to sell and no buy
ers in sight, provisions started very weak.
It was not until pork had been offered down
37% c below Saturday's closing pii-e, lard 10,
--and ribs 7%c. that any one came to the res
cue. At those declines, packing houses
bought in large quantities and lard and ribs
closed better than Saturday. Pork recover, d
most of the preliminary break. July pork
opened 12%@22%c lower, at $9.42@9.65, sild
down to $9.25. then rose to $9.60. the clo'ine
figure. July lard started 7%;g12%e down at
$:>.57'55.f,5. advanced to $5.80, then eased off
to $.'..77 V» at the close. July ribs began 2 1 *.®
7%c off at $5.32%, sn!d up to $5.45, ihen de
clined to $5.40. the final quotation.
Estimated receipts tomorrow: Wheat 100
ccrs, corn 73. oats 300, hogs 17,000 head.
me leading future 3 ranged as rollows:
So* I £
•June 90 90 85 «
July ?5 85 75 79
September 72% 72U, 71 71
December 71% 71% 69 71
L€rD —
•J v , ne 32% 32% 31141 31%
J. u 'y 32% 32%| 3.94 3?%
Q September 33% 33% i 32% 33
23% 24 23% 23%
pfrkif F 21% 2 ' % 2 °^ 2;^
•Ju'J' •"•■ 9 45% 960 925 960
September 19 52% 985 945 9£o
July .. 5 57% 580 '5 57% 5 77V4
nfb*— 570 Bts 570 5 8?I^
•J, u;v ( ••■ B 27% 545 5 27% s<o
_September_ I.^;^jj7%|1 .^ ;^jj7%| 5 65 - J 37% 5 50
Cash quotations were as follows: Flour-
Dull and weak. Wheat, No. 2 sprine £0e-
No. 3, 75@S5e; No. 2 red, 87c. Cor" No 2'
32c. Oats No. 2, 25VJc; No. 2 white, 28c; No!
3 white, 27% c. Rye, No. 2, 41c. Barley No
*, 32®36c. __ Flr>x Seed, $1.16. Timothy Seed'
prime, $2.b<%f/ 2.75. 31efs PcrV, p r bb! $9 r B
@P. 60. Lard, per 100 lbs, $5.75<?t5.77% Ribs
short sides, (loose), $5.25(t?5.60. Shoulders!
dry sa ted (boxed), 5@5%c. Sides, short
clear, (boxed), $5.80(5r6. - Corn, No. 2 yellow
%Vi£A Receipts— Flour, 7,300 bbls; wheat'
34,000 bu: corn. 529,900 bu; oaU, 244 100 bu :
p ;e> '^ n « U^K, bar:e - y ' B'lso8 ' 150 bu - Shipments-
F.our, 10,400 bbls; wneat. 60 COO bu: c.m 474
--1 bu: oats, 405.200 bu; barley, 700 bu. On
the produce exchange today, the butter mar
ket was firm. Creameries 14@16c- dairies
lie; eggs, steady; fresh 914 c.
MINNEAPOLIS GKAIN.
MINNEAPOLIS, June 13.— Wheat opened
weak and lower this morning and sliowed
nothing but added weakness up to midsession
Values went tumbling down without let or
hindrance for the first hour. The July
option closed Saturday at $1.13% and by 10:15
a. m. this morning was quoted at $1.01 The
September future was naturally affected by
the extraordinary weakness in July and a"
drop of 3%c was scored. The usual Monday
morning statistics were bearish but not so
bad as last week. Chicago advised that the
liquidation was simply terrific, with nearly
everybody In a state of panic.
July wheat opened at $1.11, against $1 13%
Saturday, and declined without a recovery
to 96c by 11:26 a. m. and by 11:50 held at
September wheat opened at 73%0, against
74% c Saturday, declined to 72% c, gained %c,
lost %c, gained %c, sold down to 70% c'
firmed up to 71% c, dropped to 71c, firmed up
to 71%@71%c by 11:15 a. m., and by 11:50 held
December wheat opened at 70c, against
71% c Saturday, declined to 67% c, firmed up
to 68% c, lost V&c by 11:30 and by 11:5Q held
The cash wheat market was fairly active
with a good demand at the expense of val
ues. No. 1 northern sold on a basis of lc
under July. July, however, was very un
stable on a constant decline. So early sell
ers of cash No. 1 got B@loc per bu more
than those who held. Low grades sold well
at the usual differences.
From 12:30 up to the close our market
showed some slight signs ot recovery on
large sales of cash wheat reported at New
York, some 1,260,000 'bu being taken and more
betas worked. This, however, Ait not hold.
June wheat closed at 91c, July at 91c, Sep
tember at 71% c and December at 69% c.
RANGE OF PRICES.
Open- High- Low- Closing.
Wheat. Ing. est. est. Mon. Sat.
June 91 i l %
July 1 11 1 11 91 91 1 13%
Sep 73<4 73% 69% 71 % 84%
Dec 70 70 67% 67% 71%
pn Track— No. hard, 91% c; No. 1 north- I
crn, 89% c; No. 2 northern, 84% c; June oa s, I
35\c; June corn, 31c.
Curb on September wreat, bid 72
Puts on September wheat, bid 63% j
Calls on September wheat, bid 74% 1
SAMPLE SALES.
No. 1 northern, 1.200 bu, to arrive $1 02
No. 1 northern, 1 car, to arrive 1 00%
No. 2 northern, 4 cars 94
No. 2 northern, 5 cars 95
No. 2 northern, 6 cars 93 j
No. 2 northern, 4 cars 90
No. 2 northern, part car '. 90 1
No. 2 northern. 450 bu, to arrive 94%
No. 3 wheat, 5 cars 85
No. 3 wheat, V- car 88 ]
No. 3 wheat, 2 cars 87%
No. 3 wheat, 2 cars 8S
No. 3 wheat, 1 car 86 'J
FLOUR.
The flour market is steady as compared
with wheat, from the fact that millers are
doing nothing, which is much better than a |
sacrifice. No changes are made in quotations,
but the probability is that a lower range will I
be established before the day is closed.
First patents $6 00@6 20 ■
Second patents G 75®5 90 |
First clears 4 08@5 25 j
Second clears 3 90@'4 00
BRAN, SHORTS AND COARSE GRAIN.
Shorts in bulk 9 OOg) 9 SO |
Middlings in bulk 12 00@12 50 j
Corn— Corn is strong, 30&31 c, N0." 4; 29% c
Oats — Oats are weak; No. 3 held at 25 1 /.@
26c; No. 3 white held at 26@26Vic.
Rye— No. 2 rye quoted at 42% c.
Barley — Feed barley quoted at 28c.
GRAIN INSPECTION.
Northern. No.
Railroads. N0.1hd.N0.1.N0.2.N0.3.Rej. G.
G. N. B. Dlv 2 11 1 4
G. N.— B. Div 2 11 1 4
G. N.— F. F. Div 1 ..
C, M. & St. P 1 17 9 5 ..
M. & St. L 1 4 4 ..
Soo Line 13 .. ..
Northern Pacific 1 2 .. 1
C, St. P., M. & 0.. .V, 2 2 3 .. 1
C. G. W 2
St. P. & Duluth 1
Totals ■ 5 27 31 11 5
Other Grains — Winter wheat, 1; No. 3 corn,
3; No. 4 corn,- 7; no grade corn, 1; No. 3 oats,
13; No. 2 rye, 4; No. 1 flax, 7.
Cars Inspected Out— Wheat— No. 1 northern,
39; No. 2 northern, 14; No. 3, 21; rejected. 2;
No. 3 corn, 9; ro grr.de corn, 2: No. 3 oats, 4;
no giade oats, 8; No. 1 lla:;, 5.
DULTJTH GRAIN.
DULUTH. Minn., July 13 —Another de?p
cut was made in a weak market today. July
opened 4c off at $1.03, sold off to 93c at 11:40,
and was quoted at 93c at 12 :ZX September
opened VAfi off at 74% c, sold off to 72c at
10:15. up to 72% cat 10:30, and hrld between
that and 72^c ti 1 12:30, when it was quoted
at 74 1 ,i l ". Cash— 4s,ooo shippers July pr:c?.
Wheat stocks last week— No. 1 hard. 315,336;
No. 1 northern. 2,729,892: No. 2 northern. 62,
--097: No. 3 spring, IS3 540; no grade, 7,177; re
jected. 39,911; special bin, 310,765. Tctal, 4,
--1J5.778. Increase. 133,273. Amount last year,
2,027,437; corn, 2334,331; oats, 492,979; rye,
121,(09; barley. 42/.95; flax, 361,607. Septemter
closed 72%e; Np. 1 hard. 91c; No. 1 nor. hern,
90c; No. 2 northern, S2c: No. 3 spring, 7 c.
To arrive — No. 1 hard, 91c; No. 1 northern,
90c. No. 1 hard, July, 90W,e: September,
73% c; No. 1 northern, July, 90% c. Oats, 26%@
25% c; rye, 43c; barley, 29c; flax. $1.13; Sep
tember, $1.09; corn to arrive, 29% c.
ST. PAUL GRAIN.
Quotations on hay, grain, feed, e'c. fur«
niched by Griggs Eros., grtin and setd m r-
Whe at— There was a bi; break in the maik=t
yesUrday; cash wheat closed abjtt 2};-4o. i er
than on Saturday. No. 1 northern, 905!3.-;
No. 2 northern, i-s@S*c.
Corn— No. 3 yellow, 32&@33.%c; No. 3, 31% 3)
Oats— No. 3 white, 27@2Sc; No. 3. r6V£@27c.
Barley ana Rye— Sample bailey. 26f?31c; No. 2
rye, 42@43c; No. 3 rye, 41@42c.
Sted— No. 1 flax. $1.10: timothy, $1.10@l.;5; i
red clover, $2.£0@3.15.
Flour — Patents, per bbl.. $5.50@5.£0; straight',
$5@5.40; bakers', $4.30@4.70; rye flour, $2 80
Ground Feed and ■Millsluffs— "o. 1 feed, $13.50
Coarse Cornmeal — $12.75@13.25.
Bran— ln bulk, $'o@lo 50.
Shorts— ln bulk. $10.50@11.
Hay— Market very firm at the advancs; all
grades wild and upland scarce and wanted;
choice lowa and Minnesota upland, $)©9.CO;
No. 1 upland, $S.£S@B.7s; No. 2 uoland, $ 5)
@S; No. 1 wild, $*@8.75; No 2 wild, $7@7.7";
low grades, !6.E©@6.65; gacd to choi;e tim
othy, $8.50@9.50.
Straw— Oats, $3@3.25; rye, $3.20@3.69.
OTHER GRAIN MARKETS.
GRAIN GOSSIP.
Gossip by private wire to C. H. F. Smith
& Co., St. Paul, members of the New York
stock exchange and Chicago board of trade.
Armour says we have seen bottom on
At $1.25 for July and 95c for September
wheat a few days ago, not a soul would sell.
This morning they are selling both options
by the millions.
It is thought that faith has been broken
in the combination holding the wheat in the
Northwest, and that one has sold out on the
other two.
World's shipments— Wheat, 12,3£7.00 bu,
compared with 13,336,000 bu last week.
NEW YORK.
NEW YORK, June 13.— Flour— R^wsipta,
lfi 041 bbls; exports, 16,725 bbls; weak and £05)
30r lower all around to sell. Whsat— Receipts,
821,900 bu; exports, 449,449 bu; #oot, easy: No.
2 red. $1 f. o. b., afloat, ix;>ort gradt ; op
tions, 1%@9%c net decline, latter July, No. 2
Hi@9?ic net decline, latter July, No. 2, red;
July, 81%@90c; closed 83c. Corn— Reeeipjs,
91,591 bu; exports, -133,887 bu; .--pot. easy; No.
2, 36% c; options. %(?i%c net decline: July.
36%@36%c; closed 36%e. Oats— Receipts, 205.200
bu; exports, 453.145 bu; spot, .lull; N.>. 2, ?0a;
No. 2 white. 32c; options, %c not lower; July
cksed 29% c.
ST. LOUIS.
ST. LOUIS, June 13.— Closing, wheait low
er; No. 2 red, cash, elevator, 75c; track, £5c
asked; July, 74% c; September, 63% c askd;
December, 69% c; No. 2 hard nominal. Cam
lower; No. 2 cash, 31% c; September, iJU-fcc.
Oats lower; No. 2 cash. 24% c; track, i'4c;
July, 22% c: September, 21c; No. 2 white, W)c.
Rye — No market. Flax seed nominal, $1.13.
Lead higher, strong, $3.70. Spelter strung,
GRAIN VISIBLE SUPPLY.
NEW YO~RK, June 13.— "Me statement of th#
visible supply of grain fln store and afloat
Saturday, June 11, as cdmpiled by the New
York produce exchange, is as follows: Wheat,
19.691,000 bu, decrease, 2,908,000; corn, 21,
--465,000 bu, Increase, 306,000. Oats, 7,113 000 bu,
decrease. 756,000; rye, 1.578.000 bu, decrease,
104,000; barley, 497,000 bu, decrease, 86,000 bu.
MANITOBA CROPS.
WINNIPEG, Man., June 13.— The wheat
area In Manitoba, as shown by the govern
ment crop bulletin, is 1,408,238 acres, an in
crease of almost 200.000 over last year. The
total crop of all kinds is 2,212.300 acres, an
Increase over last year of ov?r 250.000 acres
Thei*e have been showers all week and the
outlook is most favorable for crops.
MILWAUKEE.
MILWAUKEE. June 13.— Flour lower;
wheat lower; No. 1 northern, 95%@97c; No.
2 northern, 88@90c; July, 93c. Rye lower;
No. 1, 44Vic Barley dull; No. 2, 55c; Sep
tember, sample, 35@38%c. Oats, 27% c.
ST. PAUL PRODUCE.
Batter Still In Good Demand— Eggi
Half a Cent Lower on Good
Snpllea and Lighter Demand,
Butter continues to be the chief feature of
trade. Extra creameries are in good demand.
Prices are steady at present quotations. Other
grades are In fairly good demand. Eggs weak
ened yesterday, falling to B%c under good sup
plies and lighter demand, although jobbers
and retailers are still actively In the market.
Poultry was somewhat neglected. General
trado was good. -Strawberries were not forth
coming in such overwhelming volume as
lasr week and stocks were slightly better. The
following are the quotations:
Apples — Ben Davis, $4.50; Genitons, per bbl,
$3@3.50; Willow Twigs, per bbl, $4.50.
Apricots— Per Box— California, $1.75@2.
Bananas — Choice Shipping — Large bunches, $2
@2.25; small bunches, $1.75@2.
Beans— Per Bu— Brown, $1; dirty lots, 60@65c;
fancy navy, $1.25; medium hand-picked,
Beef— Per Lb — Country-dressed, 6@6%c;
rough, B%@4c.
Berries— Cases— Red raspberries, 24-pt, $2.26;
black raspberries, 24-pt, $2; Southern straw
berries, 24-tit, $1.50®1.75; Wisconsin, lowa
and Illinois, iG-cit, $1.
Butter— Per LI) — Creameries, extra, 15c;
creameries, firsts, 13%@14c; creameries,
seconds, 12c; creameries, gathered, cream,
13%r; dairies, hand separator, 14c; dairies,
extras, 18@13%c; dairies, firsts, ll@12c; la
dles, extra, lie; ladles, packing stock, 10% c.
Cabbage— Per 100 Lbs— Southern, crate, 150
lbs, $2@2.25; crate, Cairo, $1.
Cheese— Per Lb^Brlck, No. 1, lOo; brick. No.
2. B®9c; Umborger, lOo; Swlsi, 12®13c; Mia.
nesota and Wisconsin, new, B%@3e; Young
America, fancy, new, 9@9Vfec; primost, 6@
6ttc
Cherries— Per 10-Lb Box— Royal Ann, |1.25;
black Tartarians, SI; black Oregons, 80c@
$1. JT3-1
Cider— Sweet, per^bbr, $&g>5.50; sweet, per
half-bbl. $2.75@3;. hard, per bbl, $5@6; hard,
per half-bbl. $3<gfi;so.L.
Dried Peas— Per Bu— Fancy yellow, SOtgi^c;
medium yellow, 70fe'75c; fancy green, 80®
90c; medium green, 70@75e.
Eggs— Casis Included, Per Doz— Fresh ste©';,
lOSB Off, B%C Hl C 'Jills, (>!'.
Pish— Per Lb— Pickerel", 3@2Vi; suuflsh, perch,
3® 4c; pike, B%(g(sc; croppies, 6Vi@oe; trout,
lake, 6c; white, 6c.
Frogs' Leg3— Per Doz— s£loc.
Grape Fruit — Per Box — California, $5®5.50.
Hogs— Clean, Per Lb— Heavy, 4%c light. 4V 4 ®
4V£c; ni -■ ilium, 6c • ■
Honey — Per Lb Sections — Buckwheat, 9c; ex
tracted amber, [e-mail]: extracted white, 6Mi
<&7V4e; golden rod, 9? 10c; white, choice, IC@
sinas, choice, 300,' $4©4.50; Mc-.sin-is, fancy,
$4.50@5; Messinas, choi c, 36 >, $4@4.50; M s
sinas, fancy, 360, $5<
Maple Sugar— Per Lb— Ohio, in bricks, 10c;
Vermont, in bricks, lOe; Western, in b.icks.
9c.
Maple Syrup— Per gal, 75@80e; per half-gal
lon, 45580 c. V
Mutton— Per Lb— Bucks, 4%@5c; country
dressed, 7@Bc; milk lambs, pats oIT, 9@ oc.
Nuts — Almonds, new, small quantities, 1@
12c; almonds, Tarragona, sacks 100 lbs, 12c;
almonds, Calafornia, 75-lbs, 12y.sc; Tarra
gona, small quantities, 14c; flberts, sacks
about 200 lbs, B%c; filberts small quan.it e--,
10c; hickory, per bu, Coe@sl; peanu.s, per
lb, raw, 6@6'/ic; peanuts, p:r 1\ roas'.cd,
7c; pecans, new Texas, polished, 10}-lb
sacks, f@9>; pacar.s, small quanlitie", '.@
10j; walnuts, California, sDft, per lb, iOip
lie; walnuts, California, hard, sacks 100 \o
110 lbs, ll)@]lc; walnuts, California, hard,
less quantities, 10@lle; walnuts, English,
per lb, small, -8c: black walnuts, bu, $:.
Onions — Per Bu — Southern, sacks, $2.255 2.50,
California, sacks, $2.50@8.
Oranges— Per Box— Blocd, $3.50; MecTe-
ranean Sweets, $2.75@3; seedling?, cho.ee,
J2Q2.25; saedl.ngs, fancy, $2.25@2.50.
Peaches — Per Basket — Fair, $i@i.2s.
Pineapples— Per Doz — India River, crate, $1.50
Prunv.— Per Box— CaLi.orn.a, 24-qt=>, $1.50:
crnte, 24-qts, $2.
Potatoes— sl.2ssxl. 30; Burbanks, 4;@:0c;
mixed stock. 25(g30e.
Poultry— Per Lb— Spring chickens, lSg'tec;
live hens, 7M>c; live turkeys, 8c; live ro;st-
Vcal — Per Lb — Coarse and thin, 3%Q)SVic;
country dressed, Stt'&Hc; gocd, SO to 100
Vegetables — Green— Asparagus, per doz, C.c;
beans, string, per bu box, $1.23; beans,
wax, per bu box, - $1.25: beets, per doz
bunches, 20c; cucumbers, per doz, South
ern, 40c; cucumbers,, home-grown, COc; erg
plant, 10c; lettuce, fied, bu, 20c>' lettuc"?,
head, per dcz, 25c; new carro's, per doz,
25c: new turnips-, per bu, 930; onions, i>:r
doz, sc; parsley, .per doz, 15c; pie plant,
100-lb box, 40c: radishes, per doz bunches,
sc; spinach, per bu. 25c; tomatoes, 4 bas,
$1.25; water cre&s, 33c; peas, home groan,
$1; mint, 25c: water melons, dcz. $5; cauli
flower, bu, $1.50 ; t green peppers, bu, $3.
SEED MARKETS.
CHICAGO, June 13.— The seed market was
weak, in sympathy- wijh wheat. Receipts here
were 18 cars, 6 cars at Duluth and nona at
Minneapolis. The official close as reported by
the Weare Commission company, i 3 as fol
lows: Cash flaxseed at' sl.lo; Northwest. $1.17.
September at sH.o»>£ ahd October at $1.09 per
bu. Cash timochy aeed closed at $2.70 per 100
lbs. Clover seed 9l clo^ed at $5.50 per 100 lbs.
Minneapolis flaxseed Quoted at $1.10V6 par bu.
buttlEr And eggs.
NEW YORK, June ' 13.— Butter— Receipts,
15,551 packages; *fery firm; Western creamer
ies, 13"4@17c; Elglns, 17c; factory, 10Vfe@12Vsc.
Eggs— Receipts, 983 packages; firm; Westerns,
12c; Sou«hern, 10%.@11c.
Elgin, 111., June' 13.— Butter firm; price
16c; offerings, S2O tubs; sales, 350 tubs at
1614 c, 230 tubs at lG'^c; sales of the week,
14,400 tubs.
LIVE STOCK MARKETS.
A Lisht Ran, With Cuttle Steady and
Deficiency in Supply-^ — Hok* JjO»v
--<-i-, Ohliih; to ChicaffO Glut.
South St. Paul.
SOUTH ST. PAUL. Ju*e 13.— Receipts at
the Union Stock Yards— Cattle. 300, calves
25 hogs 250, horses 63. The above
represent the usual light offerings in
Monday's run. The ca'-tle market was steady,
with a demand Tv? : -in excess of supply.
Hogs sold '5a lower !n~ sympathy with Chi
cago where there appears to be a glut,
with frequent reports of lots left over fr..m
previous days unsold. Doubtless much of
ihis excess represents contributions from
points more directly tributary to the St.
Paul market if shippers could only be
brought- to a relization of the- fact that the
equivalent of Chicago, and even m.re is ob
tainable here. Sheep were in demand at
higher prices with no offerings. :
Hogs — The market declined a shade to Ie
under the influence of very weak reports
from other markets. The quality of offc : riis3
was only fair. Representative saka:
No. Wt Dg.Price No. Wt-Dg. Price.
1 '.'.'.'.'.'.'.'.'.4BJ '.'. 3 601G9 .'.'.'.".'.150 40 3^2%
10 163 .. 3 75 a .J....180 40 3 t.2 1 /^
Cattle — Steady and active. Not ir.uch was
here, but the demand was good, ard a go d
tone prevailed to tbe market. Fat cattle and
good stockers are in d.-mand. Representa
tive sales:
Butcher Cows and Heifers —
No! WtTPrice. No. Wt. Pi ice.
1 P4ls2 9D 1 940 J3 75
1 115) 3(0 1 llfO 3 80
1 10C0' 3 3" 1 1330 4 0)
2 SOS 3 (0
Stock Coys and -Heifers —
No. ~ " Wt. Pri<:».|No. :' \S T t7Price.
8 63:> ??, 40! 2 43J $3 CO
1 530 3 69[
Veal Calves— :
No. ~~~- WrPltce.
Milkers and Springers —
No. Wt. Pric?. No. WL Price.
4 c. and 1 c.for yi:t2 001 cow for $42 CO
Ic. and 1 c.for 30 03 1 cow for 21 00
Stockers and Feeders —
No. Wt. PrlcfNo. • Wt. Price.
5 C 42 $i 10 3 373 $4 CO
3 ■■■....! 353 I 591 .
Bulls-
No. WL~:P~rie?. No^ ~~Wt. Price".
1 1030 SS 15 1 550 53 85
2 335 3 25 1 1351 3 90
3 ?M A 25 1 470 4 00
1 1750 3 75
Stags and Oxen—
Butcher Steers —
No. Wt. Price. i No. Wt. Price.
1 1130 $4 40|13 1317 $4 ,0
20 1303 4 551
Disposition of Stock —
Cattle. Hogs. She p.
Swift & Co 55 193
W. E. McCormick 2 10
Staples & King 31
Lytle & Raeburn 7
AMONG THE SHIPPERS.
The following shippers were on the market:
M. Conden, Clara City, mixed load; Fairbank
6 Proll, Blxby, mixed load; Gilbert & Gibbon,
West" Concord, mixed load; H. Huber, Alma,
Wis., hogs; Cogswell & Robinson, Lake City,
hogs and sheep; E. B. Seals, Minneota,
hogs; Pettus & Chapel, St. Peter, hogs;
Kannad & Miller, Blue Earth City, hogs;
M. J. Ma'.onaphy, Cresco, hogs; Porter,
Young & Williams, Le Roy; George R. Long,
Rosebud, sixty-three horses; M. Romick,
Thief River Falls, mixed load; Jorgensen
Bros., Lakota, cattle and calves; C.
Breneman, RoyaJion^mixed load; Wykoff, El
liott & Reidell, ihcgs; iW. H. Skiff, Rockwell,
cattle. . [i
COMMISSIONS AND INSPECTION.
Commissions, \ lEtc.-rPubllc Inspection of
bogs, 30c per cap. On double-deck loads, 60c
per car. Dressed animals, including lumpy-
Jawed cattle and meats, are condemned. Sales,
unless otherwise stated, per 100 lbs. live
weight. Dead hogs, 100 lbs and over, %c per
lb, less thon 100 lbs '.of no value. All ani
mals apparently) t affected with actinomycosis
or lumpy -jaw, or having any swelling on the
head or neck, are subject to inspection by the
state veterinarian. If they pass their car
casses are sold ttor food, otherwise for fertil
izer, etc. Public inspectors dock pregnanl
sows 40 lbs, and stales, altered boars, 80 lba
each. Yardage :lt Catfle, 25c; hogs, 8c; sheep.
Be per head. Feed: ll Corn, 60c per bu; hay,
75c par 100 lbs; bfeddlng, 50c per 100 lbs. Com
missions: Six dollars 'carload for single deck
carloads of hogn and sheep, and $10 carload
for double-deck 1 -' carloads of the same. Fifty
cents per head for cattle of all ages, up to $12
per carload; veal calves in less than car lots
not less than 25c per head; cars of cattle con
taining less than five veal calves of less than
200 lbs weight each, the commission on the
calves discretionary. Double-deck can of
calves, $18. Mixed carloads of stock, 60c per
head for cattle, 260 per head for calves, 10c
per head for hogs and sheep, up to $12 per
carload. Thirty head and over of hogs and
4heep arriving at these yards In a single oar
to be charged $6 per car; less than carload
lots, 50c head for cattle, 25c head for calves;
under thirty head of hogs or sheep, 15c per
head. Public inspection of hogs 80c per car.
Telegraphic market reports, except when
quoting oona fide sales made the same day
the telegram Is sent for the person to whom
the telegram Is addressed, are at the expense
THE ST. PAUL GLOBE TUESDAY JUTSE 14,' 1898.
■--■-- f. . -
of the recipient. All live stock not suitable
for human food is condemned by the govern
ment.
Government Inspection— Cattle, hogs and
sheep are held on account of advanced preg
nancy. -Cows within a month of parturition
and for ten days after will be subject to con
demnation, also sheep and hogs three weeks
before and ten days after. The government
inspectors in the various slaughter houses
condemn the meat ot all cows that have
calves Inside with hair on. Tb* inspection of
hogs made l>y the government inspectors at
the scales before weighing is very close and
their decision is final, salesmen having no ap
peal therefrom. AH badly pregnant sows,
hogs with bunches, boils, and also hogs with
cuts on the hams and shoulders "Bob" or
"Deacon" calves are condemned. Scabby
■heep and those what are emaciated are
thrown out. #
Midway Horse Market.
Barrett & Zimmerman's report: The North
western demand was practicadly nominal The
offerings depended on the local demand for an
outlet. Prices were unchanged from last
week, holding steady. The arrivals repre
sented a lot of first-class horses, also a num
ber of cavalry and a few poorer quality
horses, thus being able to meet all demands.
Amongst our offerings were a few heavy and
fine drafters bringing $150 a head, otherwise
prices corresponding with quotations below
which were nominal for serviceable sound
horses from 4 to 8 years oi<i.
Wt. Price
Drafters, extra, ranging 1,700 $140
Drafters, extra, ranging 1600 125
Drafters, common, ranging 1,600 100
Farm horses, extra, ranging 1,400 100
Farm horses, common, ranging 1,400 80
Drivers, extra, ranging 1,100 140
Drivers," common, ranging 1,000 75
Minneapolis.
NEW BRIGHTON, June 13.— Rec 'ipts—
Hogs, 200. Hogs— Market 10c lower; quality
fair, Sales: 62 hogs, ay 242 li>s, $3.50; 67
hogs, ay 200 lbs, $3 65; 50 hogs, ay 204 )b',
$3.55; 9 hogs, ay 140 lbs, $3.10. Cattle— Fi,m
on good killing grades. Sheep — Good demand
for muttons and lamb.
Chicago.
CHICAGO, June 13.— After :wo weeks of
l'ght cattle receipts, buyers today were ready
to take hold freely and trade was animvtd.
Prir-es ruled strong for me better cia*s of
of. rings, ani steady for ot'.iors. O'.ioiceUieors
5 1.90<§ 5.35; medium, $3.VJ*4 •;.%; l<eef t io« rs,
$4.10®-4.45; stockers and feeders, $3.85@'4.90;
cows and heifers. $3.40@4.80; canners $2 €0©
3.35; calves. $4@8.60; Texas steers, $4.20@4.75.
Packers had made up their minds that prices
for hogs were to go still lower, and there was
a further decline of about 10c. Fair to choice,
$3.57%@4; packers, $3.75@3.85; butchers', $3.50
@3.90; mixed, $3.75@3.90; light, $3.60@3.90;
pigs, $2.50@3.75. The week started off with
a moderate supply of sheep and the strongest
kind of a market. The best sheep were 15c
higher. Sheep, $3.50@5.25; rams, $2.75@4;
ewes, $4.75; clipped lambs, $4.50@6.10; spring
lambs, $6@6.50. Receipts— Hogs, 35,000; cattle,
18.000; sheep, 13,000.
Sioux City.
SIOUX CITY, 10., June 13 — R2C2ips— Cat
tle. 1,100; Saturday, 214; shipments, 118; mar
ket strong to shade higher. Sales: 2 cows,
ay 890 lbs, $2.60; 4 cows, ay 830 U>3, $3.91;
15 stock heifers, ay 528 lb*, $4.25; 41 sto-k
heifers, ay 525 lbs, $4.70; 1 bull, 1,180 lbs,
$3; 3 bulls, *ay 803 lbs, $3.50; 2 bulls, ay {.25
lbs, $3.75; 7 stackers and feeders, ay 753
lbs. $4; 14 stockers and feed-ers, ay 987 Its,
J5.25; 12 calves, ay 540 lbs, $4.50; 47 ca'.v s,
ay 375 lbs, $5.50; 12 yearlings, ay 540 Ib 3,
KS yearlings, ay 517 lbs, $5.25. Hogs—
3, 600; Saturday, 1,745; shipments, 238:
lCc lower, selling at $3.60@3.70; bu.k
H OMAHA, June 13.—Cattle—Re
-3.000: market steady to 5c lower; na
ef steers, $4@4.55; Western, ste rs,
.50; Texas steers, $3.50@4.35; r.wi
ifers, $3.60@4.20; canners, $2.50@J 40;
stockers and feeders, $4®5.20; calves. ?6.5)
(57; bulls, stags, etc., $3@4. Hogs— Rcce pt3.
2 2CO; market s@loc lower; heavy, $3.TOJp
3. 50; mixed. $3.70@3.75; light. f3.65!??2.7.:J<.;
bulk of sales, $3.70@3.75. Sheep— Receipts.
6CO; market steady, strongsr; fair to c'.ioici
|;s, $3.80@4.60; fair to chocs Wester: s,
£4.50; common stock sheep, $3. SO® 1.-5;
St. Louis.
LOUIS, June 13.— Cattle— Receipts. 2.r
market about steady; native shipping
steers, $4.20!??5.15; light steers to dressed.teef
grades, $3.90@4.80; stotkers and feedfrs, $3.: 5
■70; cows and heifers, $2 50JJ2.80; Texas
Indian steers, $3.25@4.45; cows .and heif
s2.6sZ 3.75. Hogs— Receipts, 5,000; mi r
-5@10.? lower; Yorkers, $3.70@3.80; packe s
$3.E5@3.55; butche-s, $3 85@3.95. Sheep—Re
ceipts, 4,000; market steady; natives, 53.51
@4.70; lambs, $5.75@6.20; Texas sheep, $3.10®
Kansas City.
KANSAS OITY, June 13.— Ca'.te -Receipts,
5,000; market steady to 10c lower; natV3
steers, $4@4.95; Texas steers, ?3.70@4.(5; T x.s
cov.s, $3.05@3.65; native cows and heifer 3,
$1.50@1.70; stockers and feeders, $i.3~>ss sj;
bulls, $3.25@3.90. Hogs— Receipts, 9.0.T0: mar
ket s@loc lower; bulk of sales, ?3.50@?.55;
heavies, $3.65@3.92%; packers, $3 5>3.<5
--mixed, $3.55@3.80; lights, |3.so@3.7s; YYorkers,. r kers,
J3.'!0@3.75; pigs, $3@3.50. Sheep— Receipt?, 2,
--000; market firm; lambs, $3 25@3.75; mv tons,
$3<&3.75.
KTOCK SIUMP A SURPRISE,
ne of It Nut Clear, Save in the
Bis Decline in
Wheat.
FINANCIAL SUMMARY.
Prey.
Close. Da;\
Bar silver, New York 54% 57% |
Call money, New York 1% 1% j
I i
NEW YORK, June 13 —The slump in th 2
stock market was a surpr.se to the not
spculative observers, who looked for an ad
vance in prices after the apparent abandon
ment of last week's persistent attempts to se
cure a reaction. The underlying causa- of
today's violent decline was not very cle r
and many suggested rolutior.s cf the puzzl?,
all more or ltss ingenious, found currency.
Superficially there was evident some syin
ty with the dropping of the bottom oat
tie wheat market, and there werj very
y sales of securities on the New York
ange on telegraphic orders from Chicago,
eeline in the price of wheat doe 3 not
•sarily imply harm to railroid property,
ras seen in tbe notabla advance in t c
gers last Friday on a favorable gov
lent report, but so violent a d?clire in
it as that of today rouses some question
whether the farmers will find a profit in the
sale of this year's crop, and the railroad com
panies are, of course, dependent for ihe';r
prosperity on the prosperity of the popula
tion they serve. Furthermore, such a shrink
age in values as that in grain today l:ivol\es
large liquidation of collaterals, and it was
believed that caused the chief damage to
prices of stocks. Weakness permeated pretty
much the who'e list, but was (specially
marked in the grangers. People's Ga3 and
some of the high-priced specialties. This
acute selling pressure from Chicago gave rise
to some persistent reports of a pending la g;
failure in Chicago in the grain trade. Bu'.
there was also an ingenious suggestion to
the effect that a large speculative combina
tion in Chicago was manipulating the mar
ket with a visw to going long of wheat while
going short of stocks on the prospect of lhe
inevitable rumors of crop damage b;fore
harvest time. Damage to the crop or e\ en
widely creadited reports of damage wi.nl 1
certainly result in a bulge in the wheat mar
ket and in a sharp reaction in stocks.
Rates for time money were quotably high
er. Sterling exchange declined %c to %c,
both for actual and posted rates. Prepa:a
tlons for the government bonds Issued were
thus manifest in the money market and may
possibly have made an impres3ion ' also on
the stock speculation. London bought fre?ly
of stocks here at the morning decline and
thus helped to weaken the exchange market.
The rally in the last hour of the stock
market was plainly on covering by piofea
sional traders. Today's activity In the bend
market was at the expense of values, as
was the case in stocks. Sales, $2,305,000.
United States new 4s coupon advance % ar.4
the registered 4s, both old and new, ' 4 in
the bid price.
Total sales of stocks today were 627,403
shares, including: 4,635 Atchison, 22,740 do
pfd, 2,686 C. & 0., 45,383 Burlington, 17,260 L.
& N., 15,070 Manhattan, 3,570 Metropolitan, 7,
--720 M. P., 4,820 N. Y. C. 11,553 N. P., 2>
830 do pfd, 15,220 R., 1., 40.550 St. Paul. 4,
--527 Southern pfd, 21.220 U. P. pfd, 2?,0 4
Tobacco, 10,780 C. G. W., 37,225 People's Gas,
68,864 Sugar, 4,723 Tennessee Coal and Iron,
5,627 Rubber.
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
»w I S
5" S S- B
" r* • I
Am. Tobacco I 112 112^ 110 I 111%
Am. Spirits 15 15 14% | 144
do pfd 39 89 38 I 38
Atchison 13% 13% IZ%\ 13*
do pfd 33% 33% 32%| 23\4
Am. Cotton Oil I 20%
Bay State Gas 4 4%| 3%i 3%
Brooklyn Rap. Tran. 53% 53*41 50%] 51%
Bait. & Ohio 19%f 20 | W%\ 19%
C, B. & Q 106% | 106% | 104% | 105%
C, C, C. & St. L..... 39% 1 39%| 38% i 39
Ches. & Ohio 22%| 22% 1 22'Al 22%
Chicago Gas 101%! 101% | 99%! 100%
Canada Southern .... 62%1 55%] 52 1 51%
Col. Fuel ft I 21%| 21%| 21%! 21%
Chi. Great Western.. 14% | 14% 14 | 14%
do pfd A I ! 32%
Del. & Hudson 109%
Erie 13% 13% 13% 13%
do pfd 37141 37% i 35% i 36%
General Electric 39 | 39 | 37%| 37%
Gt. Northern pfd 179%] 179Mst 179 178
Hocking Valley 5%
Jersey Central 95 1 /.
Illinois Central 105 105 105 105
Kansas & Texas 10%
do pfd 35 35% 33% 34
Lead 85 35 34% 35
Llaseed Oil I | j 19
Laclede Gas |60 | 50 49 1 48%
Louis. & Nash | 62% | 52%! 51%' 52%
Lake E. & W I | i j 72%
Leather pfd 65 I 66 | 65%: 65%
Manhattan Con 104% | 104% j 102% 104
Met. Traction | 159 | 161 | 158%! 104
Minnesota Iron | 74% 74%| 72 \ 72
Minn. & St. Louis. ..| i 28%
do Ist pfd 1 1 91
do 2d pfd I I . . 61
Missouri Pacific | 36% 33%| 35% | 35%
Michigan Central ... 103 104 | 103 | IC4
N. P. common 30 30 | 28%| 29%
do pfd I 70%| 70% 1 68%| 69%
N. Y. Central | 116% ! 116% 1 115%, 116%
Northwestern | 127%! 127% l 124%! 125%
N- V. Gas 1203 | 203% | 197 | 201
North American I | | 1 6%
Nor & Western | 52% | 62% I 52% , 51%
Omaha I 76% | 76%| 75%; 76%
&O pfd I I ; m
Ont & Western .... 15% | 15% 15%j 15%
Pacific Mall | 29% 1 29% | 28%; 29
Pennsylvania Ry.. ..| 116 | 116 | 115%' 115^
Pullman | 187 I 188%! 187 | lf-8 "
Reading | 19%| 19% | 191AI J9%
do Jst pfd 47% I 47% I 46%) 43%
do 2d pfd 24 | 24 I 23%! 23%
Rock Island I 107 | 107 | 105% | 106'^
Southern Ry | 8%! 8% I B%| 8%
do pfd I 30 I 30%! 29%| MY*
Silver certificates 57%
s. r. &t. co 1 1 1.:;;.; d b%
Sugar Refinery i 340 ! 140 | 137% 139%
St. Paul j 101% 1 101%] 9914 ieo%
Tennessee Coal ! 24141 24%| 23% 1 23%
U. P., D. & G VA\ 7U| 7U 7i2
Union Pacific | 24%' 24$ 23%! 24%
TT d °P f d--- 60% I 60%! 59%; 60
U S Rubber | 21%! 22%. 21 i 2m
Western Union j 91% | 9 i % | 91% i 91% "
do P fd •••••• I i9%!"i9%|"i9%i 19%
W. &_Lake Erie ....| 2-%| _ 2%i 2 j 1%
The following were the" closing 'quotations
of other stocks as reported by the Associated
Press:
Can. Pacific ..... JKHSt. P. ft o 754
Can. Southern .. Fl'Si do pfd 153
Cen. Pac ]»% So. Pacific ".'. i«u
Chi. & Alton ....15' U. P.. D & G 7U
Chi. & E. 1 61 Wheel. & L c" 174
D. & R. G. pfd.. 51 I do pfd 11
Ft. Wayne 168 'Adams Ex 100
L. E. & W. pfd.. 72% American Ex ""128
Manhattan L 104 United States '"40
Met. St. Ry 160% Wells-Pargo ""n6
Mich. Cen 103 A. Cot. Oil pfd "75
N. V., C. & St. L. 13 Con. Gas 205
d 0 Ist pfd 65 Com. Cable Co*'.!l80
do2d pfd 33% Illinois Steel ....5614
O. R. & N 52 Lead pfd .... 106%
O. Short Line.... 30 Nat. Lin. Oil 19
£"■£"/ sv F:::: 16 7%' s sil r & cc T rtificates 5 $
do Ist pfd 63 Sugar .. '"i^qat
St. Paul 100% ldo pfd mi?
do pfd . 148% U. S. Leather pfd' 65%
St. P.. M. & M...141 |U. S. Rubber pfd 82
BONDS.
U. S. new 4s, reg.122% N. C. 6s 1271/
do coup 122% do 4s "104
<j° 4s ios% N. P. gen. 3s .... 62%
do coup llli£ do prior 43 .. 97
do 2ds 95 do 6s U5
do ss, reg 111% N.Y..C.& 5.L.45.'.'103%
do ss, coup 111% j N. &W. 6s inn
District 3s. '65... 114 N. W. cons ...'.'. "140
Ala., class A 110 do deb. 5s .. 115
do B 100 O. Nay. lsts 115
do C 90 O. Nay. 4s 95
do Currency ... 60 O. S. L. 6s, t. r.126%
.do adj. 4s " 6r%,0. Imp.' lsts, "t. r.ll4*'
Can. So. 2ds 10$%' do ss, t. r 60W
Chi. Term. 4s ... 85%, Pacific 6s, '95 101
C. & O. 5s 114 Reading 4s f^at
C, H. & D 4%5..10i%R- G. W. lsts .... 57%
D. & R. G. 15t5.. 106% S. L. & I.M.G.Ss. 94% I
D. & R. G. 45.... 93% S. L. & 5.F.G.65.120
East Term. lsts .108 iSt. P. con 145
Erie Gen. 4s 74 |St.P.,C. & P.15t5.120%
F.W.& D. lsts.t.r. 72 I do 5s 116-,
Gen. Elec. 5s 102 ' A So. Ry. 5s 95%
G. H. & S. A. 65.1()5 S. R. & T. 65.... 6S
do 2d3 105 Term. new set 3s. 91%
H. & T. C. 55.... 100 T. P. L. G. lsts.lCsy 8
do con. 6s *....104 do Rg. 2ds 38%
lowa C. lsts 100% U. Pacific 4s 96%
Lie. new con. 43. 1C0 |U. P., D.&G.lsts. 61%
L. &. N. uni. 4s. SO% Wab. Ist 5s 106%
Missouri 6s 100 I do 2ds 84%
M.. K. & T. 2ds.. 62% W. Shore 4s 108%
do 4s 86% Va. Centuries ...71
N. Y. C. lsts ....119 do dfd E%
NEW YORK MINING STOCKS.
Cholor 50 08 Ontario $2 75
Crown Point 5 Ophir 20
Con. Cal. & Va. . 42 Plymouth 12
Daadwood 60 Quicksilver . . ... 100
Gould & Curry .. 10, do pfd 225
Hale & Norcross. 7l> Sierra Nevada 50
Homestake 40 00 standard 150
Iron Silver 65 Union Con 5
Mexican 10 Yellow Jacket .. 15
BOSTON MINING SHARES.
Allouez Mm. C07~5% Franklin 13%
Atlantic 30% Osceola 51
Boston & M0nt. ..207 Quincy 115
Butte & Boston.. 23 Tamarack ISO
Cal. & Hec'.a 570 Wolverines 22%
Centennial .. 14% Parrot 23
WALL STREET GOSSIP.
New York slock gossip, reported by H.
Holbert & Co., bankers and brokers, 311
Rcbcrt street. National Gtrman-Amerk-in
Bank building, St. Paul:
Post & Flagg wire us: "In spite of lighsr
London quota .:ions, the market, aft?r a b t
ter opening, sold off sharply. The selling was
again mostly by large professionals. Dur.ng
this selling a great" deal of b;ar talk v. as
indulged in. First and most Important rea
son was given for weakness was the report
ed trouble of a large Chicago operator who
lias lately been most prominent In fho
wheat market. This had consderable off c*
and it has probably been known by fome of
the big men for some days and uzei as a
basis for their sales. The w'.eat crop was
also talked of as a bearish fattor on account
of the decline in prices. This conv'ng tax
on transactions Is claimed by m.my would
have adverse effect on the market by re
stricting activity. We consider ths sUva lon
extraordinarily bullish."
FGOREIGN FINANCIAL.
NEW YORK, June 13.— The Evening Post's
London financial cablegram says: The stoc't
markets here were quiet today. This wa^
anticipated and It will probably be a qui.t
week. The tone was fairly stecdy. Am ri
cans opened dull on New York prlr-es, ralliei
on general buying here, but subsequently gave
way and closed dull on the lack o'. New York
support, notably in SDuthern lines. A fea
ture was the sharp rise in Turkish stocks
on Paris and Berlin buying. There is much
dently something In the wlr.d. There is muci
discussion over the placing of the Chilian
treasury bills, the issue of which was an
nounced In these dispatches recently. They
were not placed by the Rothschilds and thl3
appears to be an offense to that house. Gold
was bought today for Russia, but les3 kenly,
at 77s 9%d. The only feature of the money
market is tho further notable increase In
the supply of American bills for forward de-
NEW YORK MONEY.
NEW YORK, June 13.— Money on call,
steady; 1%@1% per cent; last loan, 1% per
cent. Prime mercantile paper. 3@4 per cent
Sterling exchange, weak, with actual busi
ness In bankers' bills at $4.85 1 4@4.85% for de
mand, and $4.83%@4.54 for sixty days. Posted
rates, $4.85@4.85% and $4.8R%(54.87. Comn * ■
cial bills, $4. 83 V.. Silver certificates, 57%@
58% c. Bar silver, 57% c. Mexican dollars, 45% c.
TREASURY STATEMENT.
WASHINGTON, June 13.— Teddy's state
ment of the condition of the tteiiury shows
available cash balances, . $190,578, 552; gold re
serve, 1165,911,400.
BANK CLEARINGS.
Chicago— sl7,s9B,2so.
New Y0rk— 577,848,631.
MISCELLANEOUS.
NEW YORK DRY GOOI>S.
NEW YORK, June 13.— The result of las*
week's trading in dry gcod3 has be-en Eatis
factory enough to give the market a wld^
awake aspect today, which does not compor
with the weather. The movement of season
able dress goods, in part wool and in al
cotton lines has been quite lively recently
the war supplies being well under way anc
subject to lew variations from the first pro
gramme, are occasioning no particular feel-
Ing in the market. At a rule the 1 n s o
duck and drills concerned are cleaned out
In first-hand quarters. Tae demand for staple
cottons shows no change. Print cloths are
again quiet. The demand at 2c for extra,
is of larger dimensions, but sellers arp not
apt to part with any large quantities of g ods
Id goods are in fair demand at prices basei
the price of regulars.
NEW YORK COFFEE.
■JEW YORK, June 13.— Coffee options open
inactive at unchanged prices; ruled goner
y dull and featureless; buying checked by
light warehouse deliveries, bearish European
cables, stock consumption demand, absence o
outside speculative interest and an increase
In American visible; near close improved on
light covering. Closed steady, unchanged, to
5 points higher. Sales, 7,250 bags, including
July, 5.70 c; spot coffee. Rio, dull; No. 7, In-
voice, 6%c; No. 7, jobbing, 6%c: mild, auiet;
?rZ ?° V % 81/2 @ ls^* sales, moderate jobbing
trade Sugar, raw, steady; fair refining, 3%cT
centrifugal, 96; test, 4 5- 16 c; refined, steady!
FOUR BOYS DROWNED.
Fatal Ue«ult of Youthful Sport on a-
OTTUMWA, lo.^June 13.-Johnnie
W nittaker, Darwin Wilson, Ray Teeter
and Fred J t p;on, lie dead in Mclntyre'a
undertaking establishment tonigh: as
the result of youthful sport on a pond
v/ith ten feet of water. The boys were
on a raft which capsized. None could
Thi m^7 d a " Sank befor * help arrTved
S e c SSffiSLSB? quickly ' but tw
FINANCIAL
To loan on approved property ia
Minneapolis and Sl Paul
5 °« 6%
In Santa to Suit, —
R- IN. NEWPORT & SON,
BROKERS.
Members i New York Stock Exchange.
I Chicago Board of Trade.
Iftorhs. Honds, Grain, fractions ant Ca'ltt
Private wires to A«o icr/; «n,i Chic.% 7 ,'.
XOXPloiuu,,- iV«.« UuiUUnj, at. l'.ttil, Minn.
Michael Dorsn. James Doron
M. DORAN & CO.
BANKERS AXD BROKERS.
3M_Ja.ckson iSt, St. Paul, Minn.
H. HOLBERT & SOM,
Bankers an 1 Bro:<a;«3,
84. KOBERT STREET. ST. PALY,
SEED MERCHANTS.
griggslbro&
Seed JVterchanta
Timothy, Glover, Blue Gras«, Red Top, HE.
let, Hungarian Orchard Grass, Uwn Grasi.
etc., etc., Seed Corn, Buckwheat Rye and"
other seed grain. Our Northern grown Garden
Seeds are unexcelled. Garden Implements
Poultry Supplies. Write for prices, statin*
Quantities wanted. ■
Third aad Cedar Streais, St. Paul, Miaa.
LIVE STOCKS.
LYTLS & RAEBDRN, CATTLE DEALERS,
Family and fair / foes a Spjcia'.t /
UNION STOCK VAHUS. Brauch, Midwar •
Cow Market, 2ISI Uuiverjity Ay.. St Paul.
TRA VELER3- GUIDE.
Trains leave and arrive at St. Paul as tol
lows.
UNION DEPOT, SIBLEY STREET.
TREAT tf TICKKT OVFICKJ
•* RAIU^ 1 'Phone 114 a.
Leave. '■ a Daily, b Except Sunday. ] Arrive
b9:osam' Dreck. Div. & B"chfS '"bSi'Spin
bß:2oam .F'gus Falls Div. & B'ches.i bliri'ipm
tß:2oam,...Willmar, via St. Cloud... 1 b6:lspm
a7:oOpm;Breck., Fargo, Gd.F'ks.W'i'g a7:ijaia
al:3opuii Alaska Limit-.d I a6:l.".pTi
| t4 :3spm . .Excelsior & Hutchinson.. bll:lsam
I aß:Copm' Crookston Express i a7.jn.un
~EASTERN~ 3UHRESOTA- tUU&WAY.
Jlli^gl Dulnih^We.t Suprlor. ,' gj:^g
/^^v TICKET OFFICE
Q»o) 1 62 E. Thfrd Street.
Xj^^VjA 3 - Stitioa, St. PiaL
Milwaukee Station, Minneapolis.
Dining and Pullman Cars on Winnipeg & Coast Trains.
PiCiflC U»ll, Daily; FarßO, Bowman l-e»»e Arriro
liulto, Helena, Missoula, Spokane.
Tacoma, Seattle and Portland, I:3opm s:lopm
Dakota aid Muitoba Sxjrs::, Daily;
Moo-head, Fargo, iergus Falls
Wahpeion, Orooksfon. Grand Forks.
Grafionand Winnipeg 7:3opm 7:lsam
FirgO Lo:al, Pally except Sunday;
St. Clmid. Brainfrd and Kargo.. ... B:3oam 6:oopm
'7!ort ; !-WesternLin3"-C. I St. P..M.4C-
Office. 395 Robert St. 'Phone ISO.
Leave. | a Daily, b Except Sunday.! Arrive.
eß:lsam|.. Chicago "Day Express"..; bD:ospra
b6:3opm|.. Chicago "Atlantic Ex", .'all :3oam
aß:lopmj. Chicago "N.W. Limited".! a7:3oara
! b9 :26am .Duluth. Superior, AF.hland.] bs:ospaa
I all :00pci|. Duluth, Superior. Ashland. l aS:soam
I a9:3sam!.Su City, Omaha, Kan. City. l a7:ospm
! b4:sopm'Mankato. New Ulin, Elmore'blO :ooam
J _e7:4spmiSu City. Omaha, Kan. City! a7 :2sam
JST, PAUL & DULUTH R, t
From L'nion Depot. Office, 396 Robert St
Leava. i a Daiiy. b Except Sunday. ; Arrive.
a9:ooami DULUTH *7:15««
b2:l6nm| „ bWßpm
>ii:i5 P miWEST SUPERIOR rtaSS
Trains for Stlllwater: a9:CS am. aU:10
• 2:15, a 5:33. a 7:30 rci- For Taylor's Falls:
a 9:05 am. a 2:15 pm, b".:35 pm.
M., ST^ P. & S. S. M. R'Y.
Lenve L |_ EASY. [Arrive.
7:2opm|... Atlantic Limited (daily). ..1 M :4sam
B:loam!. Uhinelandrr Lnral (ex. Sun) 6:10 m
I WEST. 1
9:10 am! Pacific Limited (daily) 1 7:ospm
ISt. Croix Falls Local. Exceptl
I Sunday. From Broadway !
6:00pm! Depot, foot 4th St I 9:lsara
6:2opm:Glenwood Local. Lv. Min-'
I ueapolis [UrOßpill
BURLINGTON ROTTtF
FINEST TRAINS ON EARTH.
Lv. For. I STATION'S. lAr.From
8:15 a m.l. Chicago, except Sunday. ir2:lsp.m.
8:15 a.m. lSt. Louis, except Sunday.;
8:05 p.m.lChlcago & St. Louia. dally.| 7:45 a.m.
ficke' office. 400 Robert st Te1~36.
Chicago Great Western Rv»
"The Maple Leaf Route."
Ticket Office: Kobert St.,ror. Eth St. Tlione 15a
Trains leave from St. Taul Union lH'imt.
•Daily. +Exeei>t Sunday. Leave. Arrive.
Dubuque, Chioato, Waterloo, ( +8.10 am tx.3f> i>m
Marshalltown. ftesMoines...^, *B.lopm *7.45 am
St. Josepli and Kansas City., f »s.io pm tSM pm
Mautorville Local »3Ji5 i<m *iu.4O am
Cliicaga, Miiwiu:ie3 & St. Paul Raiiroil
__Tlcket Office, 36S Robert St. 'Ftiune M.
a Dally, b Except SuudayjLv. St.KiAr. St.lT
Chicago "Day" Express ..I bß:lsam.blO :lopm
Chicago "Atlantic" Ex a2:sspmlall :3o.ira
Chicago "Fast Mall" a6 :sspm! al:Uopm
Chicago "Pioneer Limited". aS:lopm; a 7:, r ioauj
Chic, via Prairie dv C. dlv.l b4:4opm!bll:lsam
Peoria via Mason City ... a4:4opm;all:lsa.ta
Dubuque via La Crosse .. bß:lsam blO:iOpa»
St. Louis and Kansas City. aß:3sam! nt:2sp!a
Mllbank and Wiy f bß:2oam b6:3o;>m
Aberdeen and Dakota Ex..! a7:ospm) aS:l.'>ani
WISCONSIN CENTRAL
City Office, 373 Robert St. 'Phone No. 691.
Leave | [Arrlv*
StPaul| All Trains Dally. jStPaul
I Ean Claire, Chlppewa Fallsi I
B:ooam!.. .Milwaukee and Chicago ...|S:lsam
Ashland, Chippewa Falls. Osh-|
7:4opm[koßh. Milwaukee and Chicago. |4:lopra
SI. & ST. 1,. Depot-Broadway .V; Ith.
MINNEAPOLIS &~ST. LOUIS R. R.
"ALBKKT LEA ROUTE."
Leave. |a Daily, b Except Sunday. | Arrive.
JMankatoT Dcs Molneg~Ce~l
bn :lsam ..dar Rapids, Kan. City.. hS:3OpB»
l)S.4Pam|.. Watertown, New Ulm ...I M:6spn>
b4:3Spm' New Vim Local IM6: 0»-i
a7:Oopm|Des Moineg & Omaha Liin.' avl'>am
a7:oopm',Chicago & St. Louts Lim. l as:ltem
M:4spo]Albt Lea A Waseca Local. iblV.3' 2 «a