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8 SUMMARY OF THE DAY'S TRANSACTIONS IN THE WORLD'S VISIBLE INCREASE 249,000 CLOSING WHEAT QUOTATIONS AT LEADING MARKETS —May Wheat — —' : —July Wheat— Tuesday. Monday. , Tuesday. Monday. - Minneapolis $1.11% $1.14% *1.09% 11.11%' Chicago 1.13% . 1.16%-% .98%-% 1.00%-% Duluth 1.10% 1.12% . 1.10% 1.12% St. Louis ....1.12 1.14% .94%-% .95%-% Kansas City 1.01% 1.01%-% : .87% .88%-% New York 1.13% 1.16% 1.02% \ 1.04% RANGE IN MINNEAPOLIS PRICES Wheat — - Open. High. Low. Close. Saturday.- Year Ago. May $1.13% $1.13% $1.11% $1-11% $1.14% $0.97% July 1.11% 1.11% 1.09%-% 1.09% 1.11% .97%" September 93 .93 .91% .92% .93%-% -Oats— -::^r - May.... 29% .29% .29% .29% .29%-%"..... CHICAGO QUOTATIONS '\^l ~'V" The leading futures ranged as follows: Wheat— Open. " High. Low. Close. Saturday. Year Ago. May $1.15%-% $1.15% $1.13% $1.13% $1.16%-% .97% July 1.00%-% 1.00% .98% .98%-% 1.00%-% .92%-% September 91%-92 .92 .90% .90% .92 • .86% Corn— February ; .45 May 47%-48% .48% .47?,,-% .47%-% .48% .64% July 4 -% .48% .47% .47% - .48%-% .63% September 48*4-% .48% .47% .48 .48% .52% Oats— February ." .30% May 31%-% .31% .30?4-31 .31 -% .31>4-38 .42 July 31%-% .3114 .31 .31--% ~-.31V4 .39%" September 29% .23% .21)% -.29% _ .29% .34% Pork — 12.70 12.70 12.60 12.55 12.62-65 15.37% May 12.70 12.70 12.60 12.55 12.62-65 15.37% July 12.85 12. 12.62% 12.65 . 12.72% 16.42% May F..~ 7.05 7.05 6.92% 6.95 7.02% 7.45 July 7.17% 7.17% 7.05 7.07% 7.12% 7.65 Ribs- May 6.82% 6.82% 6.72% 6.76 »6.77% 7.40 July ."...6.95 6.97% 6.87% 6.90 6.90-92 7.50 TWO CENT BREAK, CLOSIMBOTTOM Cash Demand Poor, Except for INos. 1 and 2 Northern Wheat Minneapolis Chamber of Commerce, Feb. 28.—Another day with the bears in control and very jubilant at the close to night, having forced the price of wheat down 2%c. It has been very severe on the longs the past two days and today was nearly as bad, if not worse, than yester day. The decline was persistent and steady from the tap of the bell until the close, the market closing on bottom. At no time did the market show any evidence of supporting orders, selling has been general with commission houses busy ex ecuting stop loss orders on every '/fee de cline; the lower the market went the weaker it became. Even the buying against puts by some of the traders around $1.13 failed to check the decline except for a moment. This indicates that the unloading of long wheat has been general and the pressure from the bears also very great, materially Increasing their short lines, as they have not, as has been the case for the past few weeks, been covering on any little break of half a cent or so. Trading was very active during the en tire session. Orders to sell came from all I>ai'tß .of the country that are Interested In the Minneapolis market. Many brokers were swamped with orders and some of the Mouses had to have two or more men in the pit to fill orders, one man not be ing enough to take care of the business. If this is a liquidating market, as it ap peara to be tonight, nothing can be ex pected until this liquidation has run its course. The rallies are likely to be vei y feeble while the market is in such a nerv ous and excited state. The cash demand was- what might be called rotten. No. 1 northern sold quite well around the May price. No. 2 northern was in fair de mand at 3(ri4%c under, No. 3 very slow at 98otfr$].04, and No. 4 was extremely-slow, selling at 85<g95c. May wheat opened Vie lower, at $1.13%, and worked from this down to $1.11%. the low point and the close. July opened off i-bC, at $1.11%. the top price, sold down to $1.09%@1.09%. closing at $1.09%. Sep tember opened %Q%c lower, at 93c, broke to !>l%c. closing at 92V«c. Minneapolis stocks decreased 160.000 bu for three days. Receipts 369 cars against 246 a year ago, Chicago 40 against 53. Duluth 27 against 103. Kansas City 140 and St. Louis 56.000 bu. Clearances of wheat and flour 11.000 bu. Primary re ceipts. 596,000 bu against 713,000 bu a year ago. Shipments 323.000 bu against 397, --000 bu. Bradstreet reported wheat east of the Rockies increased 49,000 bu. Eu rope and afloat increased 200,000 bu. To tal increase 249,000 bu. Liverpool wheat closed Vs@%d lower, Berlin %c lower. Budapest %c lower. Ant werp unchanged. Paris wheat 10(515 cen times lower, flour 35«t«>75 centimes lower. Liverpool—Wheat—Opening was inac tlce and %d lower, being affected by the declines in America yesterday. The dis tant months later reacted Vid on the un satisfactory Indian news and the reports that grain in Russia is rotting on the railroads as a result of being held up by the strikes. Toward noon the gain was lost as the result of a poor spot demand. At 1:30 p. m. prices were unchanged to VhH lower on March from the opening. Corn—The strength in the American mar k< t s yesterday caused an opening gain of %d. but during the early session March declined Vid on realizing and in sympathy with a poor spot demand. India —Weather reports are conflicting but are nevertheless causing anxiety. Chicago Cash Business—Millers took i'o.ooo bu of wheat in Chicago Monday and prices averaged fully 2c lower. No 2 red f. o. b. was $1.18 to, $1.21; No 3 red sold at $1.11 to $1.14%. and No. 4 red at $1.06 to $1.09. No. 2 hard was $1.14 to $1.16. A car of No. 2 -northern sold at MINNEAPOLIS OMAHA MAIN OFFICE M% -^ Fifth and Robert Sts.. IB |j ST. PAUL, MINN. (IWCO 3 AT^f " DEALERS IN Stocks, Grain, Provisions Ship Your Grain To Us Best Facilities. - — Prompt Returns. Liberal Advances. - DULUTH °~~~ WINNIPEG A. J. CUMMINGsT GRAIN COMMISSION Provisions —. Stocks :-'•— Bonds PRIVATE WIRES Member Minneapolis Chamber of Com merce. Duluth Board of Trade. Office— Floor Dispatch Building ■ ST. PAUL. Particular Bargains- SMKBPS& Jfc a 111 n na Consolidated. Bonanza Queen. Arizona Michigan, • Parry ;. Sound Copper. ; Arizona j Copper Mountain and all mining ftfe klidg R; It. SSSTiiffi: 411 Germanif $1.13 and several cars of No. 4 spring brought $1.05 to $1.07. St. Louis closed lc lower, at $1.13*4 for No. 2 red In store and $1.17 f. o. b. Kan pas City lost lc and closed at $1.07 to $1.09 for No. 2 hard f. o. b. Corn In Chicago declined %c, with sales of 60.000 bu. Oats were off %C to %c, with sales -of 50,000 bu. part standards. At the seaboard exporters sold 40,000 bu corn for export. *i-.~: -^. .-»-•-' Weather map shows clear and mild everywhere except in the Ohio valley. It is cloudy in.the state of Ohio and there were rains or snow <in Indianapolis and Cincinnati. Raining this morning at those points. In the extreme North and North west it is clear. Northwest is clear, 26 to 42 above. West and Southwest clear. Forecast—lllinois. Indiana. Missouri Wisconsin. lowa, the Dakotas. Nebraska! Kansas—Generally fair tonight and Wed nesday. Lower Michigan—Partly cloudy tonight and Wednesday, with probably light showers or snow flurries. Upper Michigan Snow flurries tonight and Wed nesday. Minnesota—Fair tonight and Wednesday, except probably light snow tonight over Lake Superior. Indications are for mostly fair weather in this fore cast district, although the Northwest dis turbance may cause light precipitation in the western lake region as it passes east- ' ward. There will be no marked change in temperature for several days. . . Closing Cash Grain Prices -No-1 x? rd- *113 No. 1 northern. $1.11%; No. 2 northern. $1.0614 ft 1 08ii- No. 3 wheat. 97%c@51.00y 4 ; No. 1 durum. 93c; No. 3 yellow com. 43% c; No. 3 corn. 2£ c; No. 3 oats- 28%<&28%e; No. 3 white oats. 29% c; barley. 37@44c; rye, 75% <7V»c; No. 1 flax on spot. $1.36; No. 1 flax to arrive. $1.35%; No. 1 flax March option, $1.35%. Puts and Calls ■ Minneapolis May wheat puts. $I.mis calls, $112%; curb. $1.11%; Milwaukee m^T^S' puts> *1-H%<a>l.ll%; calls. $1.15@].15%; July wheat put5,"97%@97%c --*?»- c: May corn puts- 47* c: calls! 4<%@4i%c. » Minneapolis Receipts and Shipments • „„ ; . Receipts. Shipments. Wheat, bu 354.240 102.900 C°rn •• 19.400 2.100 Oats .;.... 27.3C0 20,150 ye, :......... 3.080 1.020 Barley .»......-..: 30,630 520 ax ••••; .......:.... 010 ],900 Flour, brls ..........i! ,T™ ; . B8 544 MINNEAPOLIS GASH MARKETS Another Advance In Cash Flax—Corn Also Advances Half a Cent Flax—A strong and urgent demand with prices fractionally higher ah*a Strong at L advance No- 1 flax cash, closed at li'?fii° arrive, and March shipments at $1.35%. Receipts 9 cars and shipments 1. Market strong and half cent higher with an active market and first twl dt, mand; I - 3 yellow closing at 43V,c. Receipts 20 cars and shipments 2. on°S«f~i ln good dema»d with prices slightly lower: market active. No 3 white s Ch O. P lmen as t i?** Rooeipt * » car, and Rye—Demand good and prices unchang shipXnts^"'iC- ReCeiptS 4cm and Barley—A good general demand with ntjJ?^et stead V to firm, malting' selling at 40@44c and feed at 37@40c. Receipts cars and shipments 14 Feed i and MeCoarse cornmeal and 16.50; No. 1 ground feed, 2-3 corn and 1-3 oats,' T BO-lb sacks, sacks extra $16.75«) 17; No. 2 ground feed. % corn and % ?' s: 80-lb sacks, sacks extra, $17.25^ 17.60; No 3 ground feed, 1-3 com and 2-3 ™ '?*!£ sacks- sacks extra. $17.75^18 v Millstuffs—Bran .in bulk. ' $14.25@14 50 --fhorts. $14,250)14.50; middlings. $16@ in' 6ri£ do^ $19. all f- °" b - Minneapolis; in« ii?' Ib v ckß V, $1 per ton additional; In Kmen^fL^tons^ tOn —**" Hay—Reported by Cleveland & Co.- Receipts of hay are only moderate with a greater portion of them medium and low grades, which, of course, is more or less at the, mercy of the buyers, as It has to comt In competition with the same crad^s brought In loose from near by. but of the better grades not enough comes to supply the demand, and such is quickly taken at full prices, often bringing premium" o T n im vrthy- rnoice- $9.50(ft]0; No. 1 $9« 9.50; No. 2. $7.50®8.50; No. 3. $6 5067 50 2nd ' s?BA&&; Na *' «5-<*«H-00?mid: land. $5.50(<1'C.50; swale.. $4.00<5>5 00- ive straw. $5 50@6.00; wheat or oats U 00© 4.50; receipts, 227 tons. - ' 9*-vvw GASH SALES Minneapolis. Feb. 28 •No. 1 Northern -Wheat—2 cars' $114*, --.cars. --$1.13%; 1 car .«1.13«; 1 c?r; No. 2 Northern Wheat—2 cars. $1.054 : 1 car, &}*& 2 cars, $1.10%; 6 cars. $1 io -1 car. bin burned, $1.05- cars Si o«Ti. i cay- $V 9,&.12. 12 car*- *i'W; sSb j?Si, 9 No. 3 Wheat—l 6 cars, $i.o»- 4 C arV $1.03; 6 cars. $105; l- car. $1.00%• 7 -a £' $1 k1: 1 °^ r u tl; 0Z»- : caT light. 95c. S ' No. 4 Wheat—23 cars, 92c- 6 cars We -3 cars, frost, We; 7 cars, 90c- " cars SSc : 1 car. frost. S3c; 3 cars 93c; 1 car bin burned, S3c; 1 car. 98c; 2 cars. Mo™ cars 96c; 2 cars. poor. 83c; 4 cars 87e Rejected Wheat—l car, smut $100- 1 ifo'*.' 1? 81' 71C4" J car smut- 97c; 1 car $1.04; 2 cars, 76c; 2 cars, 85c- 1 car 75c -3 cars. Csc; 1 car, 63c; 1 car. '62c - cars' 71c; 1 car; 74c; 1 car. 62c; 2 cars "70c- 3 cars. 73c; 1 car. f. 0. b.. Sic; 1 car' so?- 1 car. 92S'V cars. 69c; 1 car. 67c; f car, &c No. 2 Yellow Com— l car 43U C low?43>g COTn2 CarS ' 3<9C:^ .«"■.■ >el- • No. 3 White Oats—l car, 29&.C- 1 car 29% c; "2 - cars. 29Vic; . 2,000 bu. to'arHve.' No. 4 White Oats- 5 cars. 2914 c - No. 3 Oats—l car, 2%%q. ■ No Grade Oats—l car, 28c '■?' --;'* No, 2 Rye—2 cars. 78c; 1 car, 77c; 1 car 75c;. 1 part car, 75c. - - ' >=^ ' No. 3 Barley— car.. 43»£c. No. 1 § arli" 1, car. 38% c; i cars, 39c. O No. 1 Feed Barley—7 carß,,3Sc; l car. 0J772C - No. 2; Feed Barley— cars. 38Vic; part car. 38^c; 1 car. 39c; ; 1 cars. 38c•'• cars 3i%c. : No. 1 . Flaxwed—2 • cars 51.36 V' 1 ear $1.36; 600 bu. to arrive, $1.26; 1 400 bu. to arrive. $1.35; 600 bu. to arrive, $1.36*1 • ; Rejected:FlaxKeed— cars, $1.34 v ?-'\'i •: No r Grade Fluxseed—l cur, 11.11 THE ST. PAUL GLOBE. WEDNESDAY, MARCH 1, 1905 Durum" Wheat—l car. No 1 $1 01- 1 car. No. 2. 92%e. Mustard Seed— Part car. per ton. $18.00. Screenings—Part car, per ton. $9.60. STATE GRAIN INSPECTION Inspected In — Wheat — Cars — Great Northern—No. 1 northern, 39; No. 2 north ern, 78; No 3, 67; No. 4. 96; rejected. 55: no fcrade. 24. C. M. & St. P.—No. 1 northern. 2; No. 2 northern. 7; No. 3, 7; No. 4. 19; rejected, 17: no grade. 2. -M. ft St. L —No. 1 northern. 1; No. 2 northern. 7; No. 3. 1; No. 4 3 Soo Line—No. 1 northern. 15; No 2 northern, 18; No. 3, 20; No. 4, 23; reject ed. 16. Northern Pacific—No. 1 northern. 2; No. 2 northern. 26; No. 3. 28; No. 4, 36; re ject* d. 5. C. St. P.. M. & O.—No. 1 northern. 4; No. 2 northern. 3; No. 3. 1; No. 4. 5; re jected, 2. Chicago Great Western—No. 1 north ern, 1. Totals—No. 1 not them. 63: No. 2 north ern, 139; No. 3. 124; No. 4, 181; rejected. 96: no grade. 26. Other Grains—No. 3 winter wheat. 3; rejected winter wheat. 11; mixed wheat, 10; western wheat. 37; No. 3 yellow corn, 6; No. 3 white corn, 1; No. 3 corn. 5; No. 4 corn. B; no grade corn. 9; No. 2 white oats. 1; No. 3 white oats. 28; No. 4 white oats. 23; No. 3 oats. 10; no grade oats. 1; No. 2 rye. 10; No. 3 rye, 10: No. 4 barley, 26; No. 1 feed barley, 33; No. 2 feed bar ley. 16; No. 1 northwestern flax. 4; No. 1 flax. 11; rejected flax. C. Cars Inspected Out —No. 1 northern wheat. 9; No. 2 northern wheat. 47: No. 3 wheat. 39; No. 4 wheat, 68; rejected wheat, 7; no grade wheat. 10; rejected winter wheat, 3; mixed wheat. 3; No. 3 yellow corn. 10; No. 3 corn. 1; No. 4 corn, 20; No. 3 white oatß. 13; no grade oats. 1; No. 3 barley, 6; No. 4 barley, 1; No. 1 feed barley, 4; No. 2 feed barley, 3; No. 2 rye, l. MINNEAPOLIS FLOUR MARKET Buyers Are Inclined to Hold Off, Although Prices Were Again Reduced Millers again put prices lower today to conform with the decline In cash wheat. This is on patents, clears temaining un changed. Millers report the demand as poor and with only small sales to those who do buy. Shipments, 58.844 brls. First patents, $6.00©t>.10; second pat ents, Ji.Btiiis.9o; first clears. $4.15@>4.35; second clears, $2.60&2.70. (These are all f. o. b. in wood.) SPECULATIVE GOSSIP Chicago—To Bi<lney C. Love & Co., Minneapolis: "Concerns supposed to be long on clique wheat continue to mil. -Or ders at present seem to be limited to $1.15." '"hleago—Provision men have found some explanation of the recent relative sti'-iiKtli of the lard market by the dis covery yesterday that the foreign short Interest Is larger than had been suspected. The foVeign shorts, finding their own mar kets lower than the Chicago, with this maiktt consigning lard to some of the European ports, have sold short here on the theory that this market was over loaded. They have found that the support here was more stubborn than expected and that the owners of the lard are amply able to protect it. There was some Cov ering of shorts yesterday for the foreign ers who found themselves in competition also with local talent. Chicago—Total stocks grain in all po sitions: Wheat 3,775,000 increase 33.000; corn 8.069.000. increase 63,000; oata 4.039, --000. decrease 358.000. A Liverpool house cables: "Broomhall makes wheat In and afloat for Europe in crease 220.000 bu. The market ia fluc tuating and uncertain. Crop reports from India are conflicting. Coin quiet and firm with a good demand." Chit-ago—We think it extremely doubtful if there will be any corn turned out to Chicago on account of the New Orleans fire. We are creditably informed that the elevator interests at New Orleans which were not affected by the fire have put all their capacity at the disposal of the Illi nois Central and that the facilities are ample to take care of all the corn pointed to New Orleans. Chicago—Wrenn and Kneeland selling little May corn. Brokers also sellers. Looks like it might be for Armour or Cudahy. Snap all out of the market and pit crowd pounding It. Think it should have a reaction from this point. Market shows no strength. St. Louis wires: "Lagemberger sold 25.000 bu red wheat out of store to the mills." • Private Stocks. Chicago—Wheat 2.3f.3 --000 bu. increase CI.OOO bu; corn 4.602,000. decrease 53.000: oats 2.360.000, decrease 219.000; rye 7.000; barley 15.000. Chicago—Shorts covered a lot of provi sions toward the close yesterday and this morning. Since then moderate sales of long lard and ribs have turned the mar ket wrak again. Can't see any reason for higher prices. Chicago—Com is having hard work to hold up today, in spite of heavy buying. Would take profits on long corn for a turn. New York—To A. J. Cummlngs: "Lon don bought Erie early. There is a strong bull point current among the arbitrage houses on that stock. The idea seems to be that it can be more easily handled than Reading and is likely to attract a better outside following among the commission houses. With Tammany connections con tinue to buy Consolidated Gas. The In ference drawn is that nothing serious is intended in the demonstrations for mu nicipal lighting and 80c gas. The latter is thought to be intended to block the former. Just as municipal lighting was proposed to draw public attention away from the signing of the lighting contracts. There arc some signs of disintegration In the T. C. iron. New York—Large sales in Inion Pacific was too much for the bull clique, and for the flist time they withdrew tluir support. There was also good soiling of Southern Pacific and stop orders were reached in New York Central. Prices have reached a level when one must expect rapid and large fluctuations. New York—Some of the big interests are reported as feeling the advance has been too rapid and are in favor of a set back. There Is also talk of the Equitable insurance fight being renewed and the poor Pennsylvania statement isT respon sible for a decline. N'c w York—The market seems to have been honeycombed with stop orders, and this reaction seems to ha\e taken psaoc to uncover them. We do not think it will run much further and see excellent buying in the market. New York—The avidity with which sales of the I'nion Pacific were absorl>e<l yesterday was remarkable. More than 200.000 shan s w.ie ..fr<re<l and taken with a net loss for the day of only about 1 per cent. OrdinarHy a stock market move ment such as Is in progress culminates with some Important development, like a decision in the Northern Securities case for instance. Tlu-re is talk of a huge holding company for the Union Pacific. New York Central and Chicago & North western. on lines proved legal by the Northern Securities company. This "might Involve stocks and bonds aggregating more than $3,000,000,000 and mileage of more than 40.000. The New York Central Is to be taken in at 175, the I'nion Pacific at the same price and the Chicago & North- Western at 300. NEW YORK BALANCES NEW YORK. Feb. 28.—Balances at the clearing house today aggregated $27,&4'» - 676. which.establishes a new high record. Exchanges amounted to $689,794,377. which were only once , before equaled. Today's clearings transactions reflected the pay ment; yesterday of $75,000,000 for new Southern Pacific bonds. - - NEW YORK COTTON * NEW YORK. Feb. 28.—Cotton—Futures closed steady; March, 7.21 c; April - 7 27c May, 7.31 c; June. 7.31 c; July, 32c- Au gust. 7.36 c; September. 7.41 c; October," 7.45 c;: November, 7.49 c; December, 7.52 c. - S. B. SHOTWELL C CO. . GRAIN -STOCKS National Carman Amarioan Bank Bunding Chas. L. Haas Commission Co. ;■' -;-■"-. Lira Slock Commission Merchants. Room 10. Exchange B at-. Ur.lm Stock Yard*. S» it. Paul. Minn., and Union Stock Yard >. Chieaco.lU. I . JUb«»J •Jvaoc*« mac* as 'TTrtrwniwt _ - BEARS IN CONTROL, FREEJJQIIIOATION Scared Longs Let Go of All Speculative Commodi- - * ties Freely ; . CHICAGO,-. Feb." ~2s.—The May deal in wheat is down and out. At least that was the general interpretation of a new break of 2H@»4c today in the price of wheat for May delivery- " July wheat sold off on even 2c. The market closed at practically the lowest ■of the day. May corn is off %®lc Oats arc down %c and provisions -'V4c to 10c Wheat Some ,weakness In the wheat market was manifest at the start. Opening quotations on May were off »»e%c to 1& 'V at $1.15% ••t».. $1.16\c. July was down »ie«4o to *.eiue at $1.00^4 to $1.00},. The sensational slump in prices yesterday was the principal factor in the situation today. ; Opinion wan persistent that the May deal had -been abandoned by Wall street promoters and that there was little possibility of any renewal of bull In terest In that delivery.' In - consequence there was a scramble.to fell the May op tion. When trading v. began commission houses were active sellers. ; and for the greater part of the session the bulk of offerings came from that source. Toward the noon hour the -market was further weakened by an-increase of 249.000 bu In the world's visible supply, against- a de crease of 2.703.000 bu last year. Selling became more general during the last hour of trading and the market suddenly broke under the load of offerings. May" fell to' $1-13% and July to 98% c. The close was almost at the lowest point reached, final quotations on May being at $1.13%. July closed at 98%©98?ic. ~ Clearances of wheat and flour were equal to 11,300 bu.-Primary receipts were 595.100 bu. compared with 713.000 bu a year ago. Minneapolis. Duluth and Chi cago reported receipts of 436 cars, against 198 cars last week and 402 cars a year ago. . Corn - Weakness of wheat was the main cause of considerable selling of corn and of a consequent decline in values. The volume of trading was large, with commission houses the principal. sellers. Shorts were good buyers, throughout the day. A larger movement than expected was an additional bearish Influence. The market closed at about the lowest point of the day. May opened %c. to %c lower at 4<!ic to 48% c. sold off to 47»8@47Hc and closed at 47»£@47%c Local receipts were 462 cars, with 6 of contract grade. Oats Trading in oats was- eomparntivelv quiet, and the market had an easy under tone. Cash houses were fairly active sell ers. Liberal receipts and weakness of wheat were the main factors. May openeil unchanged to a shade lower at 31V»c to 31V»fa31\c. sold between 30%fi31c and 31^,c and closed at 31£31^c. Local re ceipts were 169 cars. Provisions Provisions had a good start and prices showed a fair Advance at the outset. Higher prices for live hogs was the cause of initial firmness. Later the break in grains started general selling, resulting in a considerable decline. At the close May pork was off 10c at 12.52%512.55. Lard was down ~%c at $6.95. Rigs were 2^4 6 5c lower at $6.75. Estimated receipts for tomorrow; Wheat. 9 cars; corn. 243 cars; oats. 13'J cars; hogs, 36,000 head. Cash quotations were as follows: Flour steady. No. 2 spring wheat. $1.10<91.15; No. 3, $1.054 i 1.15; No. 2 red. $1.13V4<a $1.16»4. No. 2 corn, 45 V: No. 2 yellow, 45}£c. No. 2 oats. 30\c; No. 2 white, 32>*e32 14c: No. 3 white, 30V4@31%c. No. 1 rye. 75@77c. Good feeding barley, 38c; fair to choice malting. 43@46c. No. 1 flax seed. $1.24; No. 1 northwestern. $1.34. Mess pork-, per bbl. $12.3&&12.40. I,ard. per 100 lbs. $6.80. Short ribs sides Hoos«?>, $6.5566.70. Short clear sides (boxed). $6.75fe6.77V4. Whisky. basis of high wines. $1.23. Clover, contract grade. $13.60. Receipts—Flour. 28.000 bbls; wheat. 57.000 bo: corn. 606.400 bu: oats 336.400 bu: rye, 4.000 bu; barley. 127.200 bu. Shipments—Flour. 28.200 bbls; wheat 54.000 bu; corn. 272,400 bu; oats. 125 600 bu; rye. 27.200 bu; barley. 17.000 bu. On the produce exchange today the butter market was easy. Creameries. 24i}i32c; dairies. 24fi27c. Eggs steady, cases in cluded. L^'u^Tc; firsts, 27c; prime firsts 29c; extras. 31c. Cheese firm. J2ol2Vfcc. f OTHER GRAIN MARKETS NEW YORK New York.—Receipts, 29,102 bbls; export*. 1,204 bbls: duil and easy; Minnesota bakers'. $4.20@4.60; winter straights. $6. 5.40; rye flour steady; buckwheat flour dull. Cornmeal—Steady. Rye—Nominal.- - Barley—Steady. Wheat —Receipts. 22.425 bu; spot weak; No. 2 red. nominal elevator: No. 2 red, $1.20% f. o. b. afloat; No. 2 northern. Duluth. $1.23% f. o. b. afloat; No. 1 hard. Mani toba. Sl.lHs f. o. b. afloat; options were very irregular today and generally weak under renewed liquidation and bear pres sure, coupled with the reported settle- I ment of a big short line In Chicago and bearish Bradstreefs statement of world's stocks. The close showed I©2%c net de cline; May. $1.13\<ir1.15-. dosed at $1-137*; July. $1.02 9-16^1.04%. closed at $1.02%; September. 94 {i 94 *;c. closed at 94c- Corn—Receipts, 187.050 bu; exports. 211.942 bu; spot easy; No. 2. 68c elevator md 54c f. o 1). afloat: No. 2 yellow. 54 V No. 2 white. 54\ic Option market open ed lower with wheat, rallied on big clear ances and then yielded to liberal receipts closing *;c net lower: May. 53@53%c! closed at 53c. Oats—Spot quiet; mixed oats. 26©32 pounds. 37©3Sc; natural white. 30^32 pounds. 3S«3S}4c; clipped white. 36&40 pounds, 384<?i414c. DULUTH Duluth.—There was continued liquida tion of long . wheat all day and prices steadily declined. Duluth did not suffer as severe as Minneapolis, but the net loss here was 2*ic for May. It opened > 4 c off at $1.12%. and this was the top. The close was practically at the bottom. Trad- Ing was of fair volume. Receipts, wheat 27 cars: flax. 13 cars; oats, 23 cars; rye! 1 car; barley, 1 car. Shipments. wheat. £300 tv; flax 10.271 bu. Cars on track. 4. r,^r,~"v heatCa" No- " 1 - northern. $1094: No. 2 northern. $1.03& to $107 May. $1,104; July. ■ $1,104; September! l\#l flax- on A™ 011' $1.38; to arrive. $136\; May, $1.36*4: oats, 30c; rye. 73c MILWAUKEE Milwaukee. Wls.—Flour weak Wheat lc lower; No. 1 northern. - $1.16: No 2 northern. $1.0961.13: May. $1.13% c bid; puts $1.11; ,-alls. $1.14^ asked. Rye easy No. 1. 83»84c. ' Barley quiet; No. 2 51« 52c; sample. 38®49c. Oats steady; stand ard. 314<&324c. Corn firm; No. 3. 45«40 45j4c; May._47%@47%c bid;, puts.. 41\c bid; calls, 47 *c. .. • . -.'. KANSAS CITY .[. Kansas . City. -Mo—Wheat l©2c lower; Ma \\°^ : July- -«%©88c; cash No. i hard, $1.06#1.08; No. 3, $1.04<& 1.074 No i 9, c105 : No- 2 red. Sl.oftei.lf; No. 3, . $1.05^1.08; No. 4, »Bc®sl.o4. Com lower; May, 45^<|45%c; cash No. 2 mix ed, 46c; No. 3. 46c; No. 2 white. 47c; No. 3, 47c. Oats lower; No. 2 white, '324© 32% c; No. 2 mixed, 31% - I % " ' - * • ■- - ST. LOUIS ..St. Louis. Mo.—Wheat lower: No. 2 red cash, elevator. $1.11; track, $1,164; May $]•}-: July. »44ce94Vic; No. 2 hard $1.12@1.14. Corn lower; No. 2 cash. 454 c" track, May. 45%©45% c; July,- 46^, <ci 464 c. Oats weak; cash, 314 c; track 324 c; May, 31@31Hc; No. 2 white, 33c. LIVERPOOL Liverpool— wheat nominal:; futures steady; March. 7s; May. 7s; July. 7s &d. Spot corn steady; American new'mixed, nominal. 4s • 2d; American ; mixed, old. ■4s lid; futures quiet; March, 4s l%d; May, 4a 3%d. ". ... -_' . ' BRAOSTREETS' VISIBLE • REPORT NEW ■". YORK. Feb. 28—Special cable and telegraphic v communications receiv- ' •4 by Bradstreetß show • .Uu following changes In the available supplies as com pared with last account: • --—' Wheat. United States and Canada, east of the Rockies, decreased 951.000 bu. Afloat and in Europe, increased 200.000 bu. Total supply decreased 761.000 bu. Corn—United , States and Canada, east of the Rockies, decreased 323.000 bu. . Oats—United. States and Canada, east of ■ the: Rockies, ■ decreased 1.300,000 bu. The only * important . change ■ reported this week l s an Increase of . 61,000 bu at the Chicago : private elevators. - DAILY WHEAT MOVEMENT The following are the receipts and ship ments at the principal primary wheat markets: ■ Receipts. Shipments. New York.. ..:.... 22.425 Philadelphia- .■...;..... 2.400 ;.:.."..•. Baltimore 2.073 Toledo-"..".'.-..-..- 4,000 2.800 Detroit .......-..;. 2,200 St. Louis ............ 58,000 88.000 Boston 1.100 • ....... Chicago 57.000 - 64.048 Milwaukee 25.620 * • 880 Duluth 26.616 33.000 Minneapolis 354.240 102.900 Kansas City 68,500 60,300 PRODUCEJURKET ■ Butter—Creamery—Extra. 30c: firsts. 28@29c. Dairies, extra. 256>26c; firsts, 23 &"-4c. Renovated. 26@26>4c; rolls and prints, fancy- 22©23 c: roll? and prints, common. 21 ©22c; packing stock, fresh, 21c: grease. sc.- -- — '? - Cheese—Twin, 'fancy. 13»4c: twins, or flats, storage. 10011 %c; Young Americas, fancy. I2^ftl3c; brick. "No. 1. 14% c; brick. No. 2. ll@12c; llmburger. No. 1, new. 14c; prlmost. No. 1. 8c; pultost. 10c; Swiss cheese. No. 1 wheel. 14©14>£c; Swiss cheese. No. 2. wheel. 13c. Eggs—Btrictly fresh. 24c; at mark, cases included." 22^4©23c.. ■ Beans— to fancy, navy, per bu. $1.35@1.85; brown, fair to fancy, $1.7541 * Peas—Yellow peas. $1.2*. Potatoes—Home grown, car lots, 30® 35c; sweet, bbl. $3.25. Vegetables—Beets, per bu. 40c; beans, wax. box. $5; cabbage, per ewt. 50c: cauli flower, crate. $3.50433.75; carrots, bu. 40c; celery, home grown, dozen.., 25i$50c; Cal ifornia, crate, $4.25; cucumbers, dozen. $2: lettuce, box. 60c; mint, dozen. 40c; onions, dozen bunches, 60c; onions, cwt. $1.76; parsley, dozen. 40c; radishes, doz en bunches, 60c; rutabagas, bu, 40c; tur nip?. 40c: tomatoes, Florida, 6-basket crate. $4.7665. " „ Grapes Malagas, keg, $sft 6 50. Apples—Fancy varieties. $2.75414; west ern box apples. f1.26fe2.25. Cranberries—Bbl. $7.60@11. Bananas— Per bunch, as to size, $1.50(2) 2.50. Lemons—California, per box. $3.26«< 3.50. Oranges—Seedlings. $2; Florida. $2.50; California navels $2.50&3; Florida grape fruit. $6.50<?7;- California grape fruit, $3.50«i4. ■ Dressed MeatF—Veal, fancy. 7©7% c; fair to good. STi»\\ic; mutton, country dressed. 7^4<r9e; fall lamb, round dressed, 10«?llc. Hogs—Country dressed. 6*4 <Qs\c. Dressed Poultry—Spring chicks, fancy. 12<fjil2%c; No. 2. 10«?llc: hens, fancy, ll®12c; No. 2. B@B%c; turkeys. No. 1. ITViTiISe; thin and poor. ll@14c; old toms. 14@16c; ducks, 12@13c; geese, 11 ©12c. . Frozen poultry lc . and 2c less than above"- - '. " ' Fish—Crappies. 6«18c: pike. "pick erel. 4%e6c; sunflsh, perch, etc.. 4%c; frog leg?, dozen, C©Be; Lake Superior her ring. 4e4^c. CHICAGO PRODUCE CHICAGO. Feb. 2R.—Butter—Easy; creameries. 24«?32c; dairies. 24©29 c. Eggs —Easy; at mark, cases included. 26fa27c. Cheese—Firm: daisies. 13c; twins, 13c; Yowng Americas. 13Uc. Poultry—Live steady; turkeys, 14c; chickens. 12c: spring. 12c. Potatoes—Easy; burbanks. 34fi35<-; rurals. 34036 c. Veal—Steady. 50 to 60 pound weights. 5; 65 to 75 pound weights, 6^7c; 80 to 125 pound weights, 7©7>£c. COFFEE AND SUGAR NEW YORK. Feb. 28—Sales were re ported of 333.3i.iu bags, including March at •". .05'ii6.-5. April at 6.30 c. May at 6.15.1 i» 6.60 c. July at 6.45@6.70c. September at 6.6056.90 c. November at 6.90 c, December at 6.BOf«'i 7.10. January at 6.9507.20 c. Cof fee —Spot Rio nominal; No. 7 invoice, 7*»c; mild steady. Sugar—Raw firm; fair re fining. 4sie; centrifugal 96 test. s*4c; mo lasses sugar, 4\iic; refined firm. NEW YORK PRODUCE NEW YORK. Feb. 28.—Butter —Steady, unchanged: receipts. 9.365 pkgs. Cheese— Firm, unchanged; receipts. 1.293. Eggs— Firm: receipts. 3.646; state. Pennsylvania and nearby fancy selected white. 33c; do choice. 316 32c; do mixed extra. 32c; west ern firsts, 30€t'31c; do seconds. 2s . southern, 27@31c; refrigerators, 20®26c. ST. PAULJARKETS . Feed and Meal—Coarse cornmeal and cracked corn. ton. $16.50; ground feed. No. 1. two-thirds corn and one-third oats. $16.50; ground feed. No. 2. half corn and ha.lf oats. $16.75; ground feed. No. 3. one third corn and two-thirds oats. $17.00. Bran and Shorts—Bran in bulk. $14.50; bran in sacks. 200 lbs, $15.25; bran in sacks. 100 lbs. $16.00: standard middlings, in bulk. $14.50; standard middlings. 200 --1b sacks. $15.25; standard middlings, .100 --lb sacks. $15.75; middlings flour, bulk. $16.50; middlings flour. 100-lb sacks. $17.50; oil meal, per ton, $25. Hay—Receipts, 7 cars; choice prairie. $8.50; No. 1 prairie. $7.50<&8.00; No. 2 prairie. $5.60«6.00: No. 3 prairie. $5.00® 6.50; No. 1 midland. $4.6Ufi 5.50; No. 2 mutiand. $4.00«4.50: choice timothy, $10.60: No. 1 timothy. $9.25®10.00; No. 2 timothy. $7.50<5i8.50; No. 3 timothy. $5.50 ft 6 50; No. 1 Hover hay. $«.60Ti)7.66: No. 1 emmt hay. mixed. $7.50ft8.50; No. 2 clover hay. mixed. $s.£otfj «.0G; packing hay. $4.00 fo5.00: no grade. $2.50ft3.00; rye straw, $5,754*6.50; wheat and oat straw, $4.00*1) 4.75. Flour—Patents, firsts. $6.00^6.20; pat ents, seconds. $5.80^5.90; clears, firsts $4.5004.70; red dog, per ton, 140-lb sacks. $19.00. METAL MARKETS NEW YORK. Feb. 28.—The London oop per market was unchanged at £68 6s 3d and- £68 15s for spot and futures respec tively. Locally the market continues linn. with producers holding: lake at $15. electrolytic at $15.3746 16.50 and casting at $15.00015.25. . Iron closed at 53a 6>l in Glasgow and at 4Ss 9d in Middlesboro. •Locally Iron continues strong, with a good demand. No. .1 northern foundry Is quot ed at $17.75«'15.25: No. 2 northern foun dry. $17.50©17.75; No. 1 foundry southern and No. 1 foundry southern soft, $17.75 it 18.25, all February. tide water. IMISSION MISSION GRAIN and STOCK BROKERS We Charge Ko In or»it for Carrying Long I tocks CENEWAL OFFICE V NEW in HUH NUNUMUS. Hn. IT. * tfi- HUNCH. MOM 0. UROOTT UCABX, • cti nttt«Tr nunt. N. B—W* will aan i jrra cur dally market Wttar «pon r««u«at. R. E. COBB Butter —Eggs—Poultry We Buy Hand Separator Cr«im 19-33: EAST THIRD STREET , LIQUIDATION IN STOCKS GENERAL DOMESTIC MONEY MARKETS New York MinneaDolis Call money .... .. .2%@2% per cent New York exchange: Selling rate Sixty day sterling $4.84.50 90c premium; buying rate. 40c pie-' Bar silver .^v....... 60 mium Chicago exchange: Selling Washington rate, 80c premium- buvinir rate liv Treasury gold reserve.. .$150,000,000 premium. London 33?5aly%*Jt Cash balance 138,999,468 documentary exchange $4.8414. BANK CLEARINGS TUESDAY St. Paul $1,144,300 : Minneapolis $2,671,468 CLOSING STOCK LIST Quotations furnished by Edwards-Wood Co., main office Fifth and Robert streets, St. Paul. ■ '. |l ( I Bid ' High!Lowldose Atchison ! 6100! 90% 88% 88% do pfd ! 2800 102% 102% 102 " Atlantic C. LJne ... 2500 126 125 * 125% BaUimore & Ohio.. 45400ri05% 107% 107% do pfd i I ! ! 96 Canadian Pacific ... 17000 140% 139% 139% Cent, of N. Jersey. 500 200 -199% 198 Chesa. & Ohio I 3500 51 %! 50% .50% Chi. & Alton pfd..., 100 82 82 82 Chi. Great Western, i 4600 23% 23 23 Chi., Mil. & St. P.. 29800 179% 176% 176% Chi. Term & Trans. 700 18 .I 17 17 do pfd | 1400 32% 30% 30 CC. C. & St. L.. 300 98% 97% 97% Col. & Southern .. 700 25% 25 24% do Ist pfd ! 60% do 2d pfd j 36% Dela. 4 & Hudson ... 2000 193 159% 189 Dela.. Lack. & W !..... 353 Den. & Rio Grande j i 32% do pfd ! 300 88% 188 87 " Erie ._..........,... 84700 47% 46%! 45% do Ist pfd ..:..: 10000; 81% 80% 80% do 2d -pfd 6300 66 65 65 Hocking Valley 700 91% 91 91 do pfd 200 91% 91% 91% Illinois Central .... 8200 160 1167% 158 lowa Central 200 29% 29% 28% do pfd 100 1 54% 54% 54 K. C. Southern ' 1200 30 I 29% 29% do pfd ...... . | 1300 65% 64 64 Louis. & Nashville. 7900 140% 138 128% Manhattan L:* ...... 1800 172 171% 171 Met. Securities ..... 4300 82%j 80%! 80% Met:' Street" Ry. ::.'. 13500 122% 120% 120% Mexican Central .. 4100 24% 23% 23% Mpls. & St. Louis i ..-..1 67 M.. St. P. &S.S. M. 1800 113 111 111 do pfd j 159 Missouri Pacific ... 14600 109% 107% 107% Mo.. Kan. & T 200 32 | 31% 31% do pfd 500 66 I 64% 64 N. R. R. of M. pfd. 700 42 %| 42 I 41% N. Y. Central 55600 159% 154 154% N. V.. Ont. & W... 14800 54% 53 53% Norfolk & Western. 3300 84% 83% 83% ' "do pfd ! ' ! | j92 Northern Securities. 1000 156% 155% 155% Pennsylvania 88900 144% 142 142% P.. C. C. & St. L... 600 82 i 81% 80 Reading 60300 96? 8 | 93% 94% do Ist pfd I "... 91% do 2d pfd | j 89 Rock Island Co 36000 36% 34% 34% do pfd j 3700 81% 79% 79% St. L.& S. F. 2dpfd.[ I 70 St. L. Southwest 100 26 26 25 do pfd I 400 62 61% 61% Southern Pacific ...2278001 72% 69% 70% do pfd I 10001119 118% 118% Southern Railway... 10700 35% 35 , 35 1* do pfd ! 1200! 98% 98 ; 97% Texas & Pacific , 8100 38 37 %j 37% Tol., -St. L. & W...; 600 36%' 36 36% do pfd .. 400 64%| 54 ' 53% T. C. R. T. [ 800 107% 107 107 Union Pacific L18700|135%|131i2 132% do pfd I 2300)100 i 99% 99% Wabash ..- ; 1200 23 22% 23% do pfd 2800 47 46% 46% Wheel. & Lake E | | .. 19 Wis. Central 800 24%| 23% 23% do pfd 1000 53% 52% 52% Chi. & North-West. | 1300 241% 239% 1 239 Wells-Fargo ! | .V. 250 Amalgamated Cop.. 67400 77%', 75%| 75% Am. Sugar Refining. 9300|145% : 144 1144% Brook. H. Transit.. "81001 66%| 64% 64% Col. Fuel & Iron ... 17600, 62%h 50% 50% People's Gas ..: i 7/8 107% 107% Republic Steel | 30001 20% I 19% I 19% U. S. Steel 1319001 35% 34%| 34% do pfd .....!44600| 95%| 93%| 94% Western Union | 300 1 93% i 93%! 93% Total sales for the day, 1,667,000 shares. HEW YO.-1K BONDS U.S. ref. is reg.lo4%|Hock Val 4%5..11l do coupon .. .104%; Japan 6s cer...101% do 3s reg 104 L& N uni 45.103% do coupon ...104 Man con «d 4s. 106 do n. 4s reg. 132 Mix Cen Ist Inc. 24 do coupon ..132 fM &St L Is.. 98 do o. 4s reg. .104% M, X A T 45..100% :• do coupon ...105% do 2da 85% Am Tob cer. 73" N R R Me 45.. 82% udo,6s cert 115» 4 V Cen a 3%5.100% Atch gen 45...104%|N-J Cen g 55..135% fdo adj 45.... 97% Nor Pac 4s 105% Atl Co Line 103 I do 35.... 77 B. & O. 45....105 iN & Wes en 103% do 3%s ..... 95 |O S L rfdg 45.. 97% Cen of Ga 55.. 115 Perm con 3%5.105% do Ist Inc.. 91 Read Gen 4s 102% do,2d mc 67 . St L & I M c us 11S Ches & O 4%5.109%!5t L & SF fg 4s. 91% Chi & Alt 3%5. 82%|St L S con 45.. 82% C R & Q n. 48.100 |fS A L 4s 91% C R I & P 45.: 82% So Pac 4s 96 do col 5s 97 So Ry 5s 119% fCCC&StL g45.103% T & P lsts... .122% Chi Term 4s. .95 TStL & W 4s. 85 Col Mid 4s 75% U Pac 4s 105% Col aSo 4s 91% do cony 48... 136% Cuba..ss:• cer.. 108 U.S Steel M ss. 94% D * R G 45... 101% Wabash Ist*.. 118% Dis Secur 55.. ','.) \ do deb B .... 70% Erie p.l 4s 101% West Mcl 45... 92 do gen.4s 92% W & L E 45... 95 F W & D C 15t.109% Wis On 4s 94' fOffered. ~ BOSTON mm STOCKS BOSTON. Feb. 28.—Closing copper quo tations. Adventure. 606%; AUoues, Z2'<r 22%; Arcadian. 1%^1%: Atlantic. 15%916; Bingham. 32@32%: Calumet and Hecla. 6C5 bid; Centennial. 19@19%; Consolidated Mercur. 38039: Copper Range Consolidat ed. 69%©70; Daly West. 10%«il7; Do minion Coal. 17%©68%; Dominion Steel. 17%®17%; Elm River. 2%<&3; Franklin. 11 «i\\Vt\ Granby. 5%©6%; Guanajuato, All 4%; Greene Consolidated. 28038%; laic Royale. 24%©25; Massachusetts, 12012%; Mayflower. ,lftl%; Michigan, 13%<§»14; Mohawk. 63% ©53%: Old Colony, 1%@1%; Old Dominion. 26@26%: Osceola. 91%^ 92%: Parrot. 29% asked; Phoenix, 2%«»3; Quincy. 1050107; Rhode Island. 2&>2%; Shannon Copper Co., 7%ftß: Swift & Co.. 107«'&107%; Tamarack. 125fr129; Te cumseh. 2%ff13%; Trinity. 11911%; Unit ed States Mining. L'4<ij.'4V'; United States Oil. 10%@10%; Utah. 42*g;42%; Victoria, 4%«r5»i: Wlnona. 13%©13%; Wolverine, 117^117%; Wyandot. 2%@2%; Santa Fe, 2%<?2%. _-_^ M. DORAIN & CO. Established 1869. BANKERS AND BROKERS. The eldest, strongest and most reliable house In the Northwest dealing In Stocks. Bonds. Grain and Provisions. Correspond ence solicited. Members Chicago Board of Trade. Germanla Life Insurance- Bid?.. St. Paul. Minn. ". »•««•«« ■ '"TIIIUHH : FREE AD | | COUPON .;; To Those Out of Employment: ;; If you are out of employment , clip this coupon and bring: or « mall it to the DAILY GLOBE. '■ ' ; S and we ; will print your ad of ' -.. twenty words or less, under Situ- ' .< • • ations Wasted, ~ ■',',■ :: Free of Charge . , All we ask is a letter of acknowl- ', ', " edgment if you secure a position • ;; through . the, DAILY GLOBE. SHARP BREAK IN KHTIHIHS St. Paul, Southern Pacific and Union Pacific Suffer the the Most NEW YORK. Feb."2B.—The reactions tendency in stocks gained force today^nd was of more Influence on speculative ?en timent than yesterday. A Monday reac tion is viewed with equanimity during The course of a ris. in stocks for reasons well understood, but there are less plausible explanations for the carrying over of a selling movement into the second day of the week. The day's operations dis closed a well organized bear party In the trading and their attacks on prices and the success which met them were testi- J^l'u If? the vulnerable condition into Th^^ n n£ SPI° U£ tiv situa"on had fallen. The falling back of prices was not at tended with unfavorable news - develop ments and was clearly due to technical causes. For one thing the new comers n the market for the outside public were disappointed at having bought stocks yes terday morning at the top level only to see them decline. Outside Demand Decreased ,i.J? ere was in consequence a significant decrease in the outside demand for stocks and an inclination by the outsiders to sell out holding* , The failure of confirma tion by official announcements of any of the numerous reports recently circulated begot a spirit of timidity amongst buyers lhls was the more pronounced in prompt ing selling on account of the large profits shown by the advances which ihe lately current rumors had caused. Many buyers were prompted to take profits" offered rather than run the risk of the failure of reported projects to be consummated. The shaky condition of prices yesterday had the effect of inducing the placing of stop loss orders to a very large extent at prices below the current level as a pre cautionary measure. In the recent feverish condition of the market brokers have been inclined to In sist on this measure of precaution on the Pa ,of ( customers. This condition was sufficiently notorious to invite aggression by the bears, who could be sure to buy in and cover their shorts at a profit if once these stop loss orders were uncovered, The ,action of the market showed very plainly that raiding tactics were resorted to. • wide declines and sudden recoveries showing the eager haste to cover shorts on the part of the bears. Recent favor ites in the speculation were naturally most vulnerable, and New York Central. Union Pacific, Southern Pacific and Penn sylvania consequently suffered most se verely in the day's movement Specialties Advance In the period of recovery special stocks were pushed upwards, apparently with the purpose of supporting the market and ex tending the rally. Amalgamated Copper the New York public utilities the Erics and a number of specialties, Including the high grade industrials, made such ad vances from time to time. The Imminence of the hearing in the Northern Securities appeal may have«been an Influence in the realizing which was in progress, as the expected decision in that case has been made the basis for such long continued movement in the various stocks affected that further results from the announce ment are hardly to be expected. Yester day's advance in United States Steel came to a pause, although further heavy pur chases of pig Iron by this corporation were reported. Reading's strong statement of January net earnings did not help that stock. The day's record clearing house bal ance exchanges only slightly below the highest record, witnessed the heavy re quirements of the Southern Pacific bond payment made yesterday. With this op eration completed, easier money conditions are to be expected, but this did not serve to check the speculative ..liquidation In stocks. The feeble^ rallying power of the market aggravated the tendency to throw over stocks, and the pressure increased, making low prices for the day in the final dealings and a decidedly weak closing. New York Central's loss ran to nearly five points, and the other active speculative leaders were down from 2 to 3 points Bonds were easy. Total sales, par value. $4,720,000. United States bonds were all unchanged on call. MONEYJEPORTS WASHINGTON WASHINGTON. Feb. 28.—Today's statement of the treasury balances In the general fund, exclusive of the $150,000,000 gold reserve in the division of redemption shows: Available cash balance. $138,999, ---468; gold. $51.518,126; silver, $25,467,684. NEW YORK -i> NEW YORK. Feb. 2S—Prime mercan tile paper. Z*A<ft*V* per cent; sterling ex change weak, with actual business in bankers' bills at $4.86.65(ft;4.86.60 for de mand and at $4.84.50«14.84.55 for sixty day bills; posted rates. $4.85% and $4.87%<fi) 4.88; commercial bills, $4.54»4@4.84%. Bar silver, 60c; Mexican dollars. 46% c. Gov ernment bonds' steady: railroad bonds easy. Money on call J.V/'iiZ per cent, clos ing bid at 'iy> pet cent; offered at 2% per cent. Time loans steady; sixty days and ninety days', 3 per cent; six months, Z\'x per cent. LONDON LONDON, Feb. 28.—Money was in good demand in the market today for month end requirements. Discounts were a shade easier on talk of a reduction of the Bank of England's rate of discount. Prices on the stock exchange were steady. A mod erate amount of business was transacted In first class securities, which were firm, but consols and home rails were some what weaker on realizations. Americans opened weak and especially specialties, but later the parity level was maintained and sometimes exceeded. The feature was Southern Pacific, which closed at 731.* on dividend rumors. Operators were inclined to be cautious, owing to the heavy selling in Wall street yesterday. Stocks weakened slightly during the last hour but recovered and closed firm. Japanese were bought well on the v/ar news. Imperial Japanese government 6s of 1904. were quoted at 104%. Peruvians were in demand for the continent. The amount of bullion taken into the Bank of England on balance today was £90,000. Gold bars, 77s 9lid. PARIS PARIS. Feb. 28. —Three per cent rentes, 100 francs 82% centimes for the account. Exchange on "London. 25 francs 21 cen times for checks. BERLIN BERLIN, Feb. 28.—Exchange, on Lon don. 20 marks 49*4 pfennigs for checks. Discount rates, short bills, UVa per cent; three months' bills, 1% per cent. !; O'Connor <& Van, Bergen !; ijr^l Brokers Eaa3jj ' 202-203 Gannanla Ufa Bu:H!-.s. 4th and Ml-- \ V iwaotaSta.. St. P»nl. Minn. lD»mb«rt Chkaco ', I Board of Trai«. . Dlr«ct Print* Wires. • . <