OCR Interpretation


The Saint Paul globe. (St. Paul, Minn.) 1896-1905, March 10, 1905, Image 8

Image and text provided by Minnesota Historical Society; Saint Paul, MN

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn90059523/1905-03-10/ed-1/seq-8/

What is OCR?


Thumbnail for 8

b
SUMMARY OF THE DAY'S TRANSACTIONS IN THE
NO. 1 NORTHERN SELLS IK PREMIUM
CLOSING WHEAT QUOTATIONS AT LEADING MARKETS < •«
—May Wheat— —July Wheat— ■ r>{^
• Thursday. Wednesday.. Thursday. Wednesday.
Minneapolis $1.10% $1.10%-% $1.07 7i-08 • $1.07%-,%
Chicago 1.13%-14 -1.13% " .94%-% .93%
Duluth 1.09%- 1.08% 1.08% 1.08%
St. Louis 1.09 - 1.09% . .89% .90%-%
Kansas City .98% .99 . .83% .83%
New York 1.13 1.12% .98% .98%
RANGE IN MINNEAPOLIS PRICES --*rVv
. Wheat— Open. High. Low. Thursday. Wednesday. Tear Ago.
May $1.10% $1.11 $1.10 $1.10% $1.10%-% _ $0.95% „
July 1.07% 1.08 1.06% ■ 1.07%-08 1"7%-% .95%-%
Sept -.88% .89 .87% .SB%-89 -.88%..-. ju. .
Oats— £?*'• . j
May 30% .30% .29% .29% .29% , ..:.....
CHICAGO QUOTATIONS : "'
The leading future: ranged as follows:
Closing
Wheat— Open. High. Low. Thursday. Wednesday. Year Ago.
May $1.13%-% $1.14 $1.12 $1.10% $1.10%-% $0.95% *
July :. 94% .94% .93% .94%-% .93% .89%-%
Sept 87% : .87% .86% .87% .87 -86%
Corn — .48%-% .48% -' .48 - .48%-% .48 .52%
May 48%-% .48% .48 .48%-% .48 .52%
July 48%-% .48% .48%-% .48%-% .48%-% .50%
Sept ...... 48% .48%-49 .48% .48%-% .48% . .49%
Oats—
May *!"... 31%-32 .32% .31% .31% *31%-% .41%
July 31%-% -.31% .31% ■ .31%-% .31% .39%
Sept 29% .29%-30 .29%-% .29% .29% .33%
Pork —
May . . 12.70 12.70 12.62-65 12.62-65- 12.67% ' 13.87%
July '.'.... .12.82% 12.82% 12.80 12.80 ■ 12.82% 14.10
•May""?"... 7.02'/. 7.02-05 7.00 . 7.02% 7.02% 7.32%
May 7.02% 7.02-05 7.00 7.02% 7.02% 7.32%
July ...... 7.15 . 7.17% 7.15 7.17% 7.17% 7.47%
May 5~... C.85-87 6.85-87 6.82-85 6.85 6.85 7.22% '
July 7.00 - 7.02% .. 7.00 7.00 7.00-02 7.36
MAY DOWN TO
$I.IOJULY $1*
Market Extremely Nervous, With
Sharp and Rapid Changes
in Prices
Minneapolis Chamber of Commerce,
March 9. —The market was extremely
nervcus and variable, with rapid and fre
quent changes in prices. The Liverpool
market was rather firm in spite of our
■weakness of the day before, but traders
are so very bearish that they paid no at
tention to it. The market opened practi
cally unchanged, rallied slightly and then
'■ •r- sharply on offerings of short wheat.
'.-■ break resting orders took care of
■ ■' -.-f the offerings and covering and
demand caused the market to
•:.-id_prices rallied easily a
-»as met with free
"nd short account,
K. • •it, prices break
. „-. •. .7 point, with a
>£- -»«ose to the former
„-■2s*^? firm and fractional
i..an the day before.
The timing -was very active during the
entire session, although it was not in
as large a. volume as has been the case
during the past few days. The season
able mildness of the weather and many
favorable reports from the winter wheat
country of the fine appearance of the
•wheat plant, has given rise to general
bearishness in the deferred options, es
pecially in the winter wheat - markets and
they were sold freely on all hard spots,
■which came into evidence on covering by
shorts from time to time. The bulls de
rived considerable encouragement over the
smaller receipts at northwestern points,
being *32 cars less than last week and 88
cars less than a year ago. The cash de
mand was very strong; both local and in
terior millers were after samples" today
and prices were strong. No. 1 northern go
ing to l%c premium over May, with No.
'i northern at [email protected] discount.
Many of the traders are looking for a
nigger in the woodpile in regard to the re
ports on our stocks. They were reported
as increasing 15,000 bu for five days. We
have received BO far. this week 1.065,900
bu, have shipped out 391,540 bu of wheat
and flour, as wheat 901,020 bu. a total
shipment of 1,293,080 bu, or 227,160 -bu
more than received.
May wheat opened at $1.10%, sold at
$1.10, rallied to $1.11, reacted to $1.10% &
1.10%, up again to $1.11 and closed at
$1.10%. July opened at $107%. dropped
to $1.06%. rallied to $1.08, reacted to
$1.06%, up to $I.OS. closing at $1.07% @
1.08. September opened up 14c at 88% c,
sold down to 87% c, rallied to Bt)cr down
again to 88c, up to 89c, closing at 88%©
89c.
Minneapolis stocks increased 15,000 bu
for five days. Receipts, 244 cars, against
299 cars a year ago; Duluth 12 cars,
against 45 cars a year ago; Chicago 10
cars, against 27 cars a year ago; Kansas I
City 69 cars; St. Louis 44,000 bu. Clear
ances of wheat and flour, 14,000 bu. Pri
mary receipts, 415,000 bu. against 536,000
bu a year ago; shipments, 270,000 bu,
against 351,000 bu a year ago.- Argentine
shipments estimated at 4,000,000 bu.
Liverpool wheat closed %@Wd higher;
Berlin %c lower; Budapest V%c lower;
Paris wheat unchanged to 15 centimes
higher; flour [email protected] centimes higher; Ant
werp not reported.
■ Price —General situation of
wheat continues favorable, but weather
not sufficiently settled and general to af
ford much development. Lessened feed 7
ing demand for corn makes more avail
able for shipment. Packing 450,000.
against 340.000 last year.
London English country markets stay
about unchanged. French country mar
kets firm, less offering. Wheat off coast
linn, less offering. Wheat on passage
firm with better continued demand. Corn
on passage quiet, unchanged. One cargo
of wheat has arrived off coast compared
with arrival of one yesterday. There are
now two cargoes of wheat waiting at
ports of call and offered for sale com
pared with one yesterday. |
Liverpool — Wheat — The favorable
American prospects caused an opening de
cline of &d in both months and a further
loss of */6d in May, but the tone was
strong and later May advanced %d
and July advanced %d. the factors being
a continued good continental demand for
Argentine cargoes shipped for orders,
v. hile there was also covering by shorts.
Corn —After opening unchanged " March
eased off %d on the fairly large tenders
oh contracts, while May advanced %d on
speculative buying.
Chicago Cash Business —Millers are only
MINNEAPOLIS OMAHA
WWood
MAIN OFFICE K% O&
F.ith and Robert Sti., US |j _^
ST. PAUL, MINN. o (INCOKPORATED)
DEALERS IN
Stocks, Grain, Provisions
Ship Your Grain To Us
Best Facilities. Prompt Rbtukns.
Liberal Advances.
DULUTH ~" ° WINNIPEG
I R. E. COBB
Butter —Eggs— Poultry
We Buy Hand Saparator Crtim ;■._
19-33 EAST THIRD STREET
buying it as they are obliged to. No. 2 red
f. o. b. was $1.14 to $1.16. No. 3 sold at
$1.12% and No. 4 red at $1.00. A car of
No. 2 hard brought $1.12 on track. The
only sale of spring wheat was a car of
No. 2 al $1.20. There were'inquiries for
No. 2 hard at 3c under May in store.
Small sales of No. 2 and No. 3 red were
made in St. Louis, choice No. 3 bringing
$1.15% and No. 2,red $1.15% to $1.16. The
in store prices was l%c lower. Kansas
City called price* lc to 3c lower. No. 2
hard was $1.04 to $1.06.
Corn brought %o advance in the sam
ple market yesterday. There were sales
of 325,000 bu, mostly No. 3, including
22. r>.ooo t>u for export. Oats lost >ie and
Bales were 115.000 bu. The seaboard re
ported 96,000 bu corn sold for export.
Weather map shows l'»vt«r temperatures
with heavy rains in Ohio valley and Texas
and scattered snows in the Northwest. It
Is 10 below zero at Winnipeg. Rainfall In
Tennessee was very heavy, 2.38 at Mem
phis, l.'J2 at Chattanoora. 1.06 at Nash
ville. There is no precipitation in the
west or southwest. In extreme north and
northwest is generally cloudy, 10 to 38
above; precipitation trace to 40 later at
Duluth; west and southwest generally
cloudy.
Forecast—lllinois fair, except rains south
tonight; Indiana rain tonight. Friday fair,
colder north and central; Missouri fair,
raining In east central tonight, colder;
lower Michigan threatening, with Know
flurries, colder, cold wave In north; Min
nesota fair tonight and Friday, colder,
cold wave southeast; lowa colder, with
cold wave northeast; North Dakota fair:
South Dakota partly cloudy tonight and
Friday, colder tonight; Nebraska and
Kansas partly cloudy and colder.
Cioslnq Cash Grain Prices
No. 1 hard. $1.13%; No. 1 northern,
$1.11%; No. 2 northern, $1.07%^1.08%;
No. 3 wheat. $1.00%fi>1.03%; No. 1 durum,
94c; No. 3 yellow corn, 44% c; No. 3 corn,
44V 4 c; No. 3 oats. 28%®29%e; No. 3 white
oats, 29% c; barley, 38^r42c; rye. TS^®
"•s^c; No. 1 flax on spot, $1.40%; No. 1
flax to arrive, $1.40%; No. 1 flax, March
option, $1.40%.
Puts and Calls
Minneapolis—May "puts, $1.09%; calls.
$1.11%9JLU%; curb, $1.11%.
Milwaukee—May wheat puts. $1.12\;
calls, $1.16%; July wheat puts, 93%«j)
93J4c; calls, 96c; May corn puts, 48HC
calls. 48% c.
Minneapolis Receipts and Shipments
__ Receipts. Shipments.
Wheat 226,920 114,240
Corn 7,7c0
Oats 42.120 13,690
s>e 3,040 10,000
Barley 28.660 19,200
Flax 6,570 J»,200
Flour (brls) • 42,008
MINNEAPOLIS GASH MARKETS
Flax Market Spurts to $1.40/2 , Oats Are
Fractionally Higher
Flax—A first-class demand, with an
other upward spurt o? over a cent. No 1
flax closing in all positions af $1.40% Re
ceipts, 9 cars, and shipments 8.
Corn—A good general demand, with an
active and firm market; No 3 yellow
closing at 44% c. Receipts, 8 cars, and no
shipments.
Oats—-A good demand, with an active
and higher market; No. 3 white closing at
29% c. Receipts, 37 , cars, and ship
ments 9. - 5 - - .„-.*-
Rye—A good demand with no change
in prices; market firm, closing at 76\i<S
<B%c. Receipts. 4 cars, and shipments
10 cars. • :-" ' , ■■ •'. •
Barley—The demand holds good and
prices are firm, although malting dropped
a cent, not being quoted at 40®42c, and
shipments3B!! 4o" Receipts, 2& cars, and
shipments 16. '
Feed and Meal— Coarse cornmeal and
cracked ' corn, in sacks, extra. $lC.6n«)
16. < 5;-No.l ground feed.' 2-3 corn and 1-3
oats. 8»°/ lb sacks, sacks extra, $17.00®
lv 25: >to. 2 ground feed, % corn and >&
oats 80-lb sacks, sacks extra, $17.50(&
1/..5; No. 3 ground feed.,.l-3 corn and 2-3
°ats. <6-lb sacks, sacks extra, $18.00®
18.25.
Millstuffs—Bran in bulk, $14.25514 50"
shorts, [email protected]; middlings. $16.00®
16.50; red dog $19.00. all f. o. b. Minne
apolis; in 200-lb sacks. $1.00 per ton ad
ditional; in 100-lb sacks. $1.60 per ton ad
ditional. Shipments 2.182 tons •■ ■ •
Reported by Cleveland & Co :
Receipts moderate and mostly medium
and low grades; No. 1 and choice timothy
and upland eagerly sought at full prices
and often. at a premium. Timo
thy. • choice, $9.50010.00; No '1 $9 00
@?.6O; No. 2. [email protected]; No. 3, '$6 60®
7.50; upland, choice. $7.6008.60- No 1
$7 [email protected]; No. 2. $6.0006.50; No. 3. $5.00
©6.00; midland. $5.5066:50; swale. $4.00©
«i nnVTr/* 1 *5-50 @6.5p; wheat or oats\
$4.00*14.50. Shipments, 160 tons. -
GASH SALES
Minneapolis, March 9
No. 1 Northern Wheat— l 2 cars, $1.11%
--6 cars. • $1.11%; 2 cars. $1.11%; l car.
choice,- $1 13; 3 cars, $1.11%; 1 car. $1.12
1 car, $1.11%. ■
No. 3 Northern Wheat— car*, $1.07V-
-5 cars. $1-07%; 2 cars. $1,071*; 1 car. $1.08
7 cars. $1.08%: 4 cars. $1.08?*; -2 cars
$1.08%; 1 car, $1.05*; 6,000 MM? arrive!
' No. 2 Wheat—9 cars. $1.02; 6 cars, $1.03;
2 STS%£. 1: I «*"■• *L00^: 4 cars $1.04!
No. 4 Wheat—l car. 85c; 4 cars, 92% c:
2 cars, 91c; 1 car. 90% c; 3 cars frost
85c; 3 cars, 92c; 2 cars. 94c; l car. bin
burned. BSe; 1 car, 90c; 5 cars, 96c- 1 car,
93c; 1 car, smut, $1.03. \ .
Rejected Wheat—l car. 77c; 2 cars. 86c
-1 car, 80% c; 2 cars, 80c; 1 car.6Bc- i
cars 76c; 1 car, 76c; • 1 car. 90c; l car.
smut. $1.00; 2 cars, Csc: -1 car, smut,
$1.04; 1 car, 67^c.
No Grade Wheat—l car. 82c; 1 car, bin
burned, 73c; l car, frost. 68c;-l car frost
72c; 1 car. frost, 83c; 1 car, frost, 85c:
1 car, frost, 76c; 1 car, frost. 77c; 2 cars!
78c. ••■.•'.:■. ._. •; •-..»,'
No. 3 Corn—l car. 44%c>- '-X ■- -
No. 3 White Oats—3 cars, So»4c; 1 car,
30% c. --.•-.-■ -.•■•-.. : -.'
No. 4 White Oats— car, 29%c;l car,
30c: 3 cars. 29% c. .- ■ ■-
-No. 3 Oats—l car.'29Hc.
No. 3 —Part car, 78c. -•
, No. 4 Barley—l car. 40c; 1 car, 39c
No. 1 Feed Barley—6 cars. 38}£c; 2 cars.
39C.
No. 2 Feed Barley— 2 cars, 39c; 1 car.
38c; 8 cars, 38% c. .1;-,---
No Grade Barley—l car, 38% c. -
No. 1 Flaxseed—3 % cars. $1.39%; 1 car.
dockage. $1.40%;-1.300 hu to arive. $1.41;
800 bu to arrive, $1.40%. -
Rejected Flaxseed— l car. $1.3894. -
M Durum Wheat—l car. No. 2, 91c; 2 cars.
No. 3, 9©c ..--■■
fffE BT. PAUL GLOBE. FRIDAY, MARCH 10. 1905
SPECULATIVE GOSSIP
Winnipeg—To A. J. Cummlng*: I find
much more wheat in terminals here than
we at Minneapolis have been led to be
lieve. Totals at Fort William and Port Ar
thur are 5.64G.413 bu, against 4.776,362 last
year. The increase for the week was
196.978 bu. Oats. 38.131 bu; last year.
38.465 bu. Barley. 69,927; last year,
35.411. Flax. 200,299 bu; last year. 125.
--906 bu. Shipments for week ending
March 3 were 140.309 bu; last year, 60.17*.
Am investigating stocks in local elevators
and expect to go west as far as Brandon
and inquire into amounts on hand out
that way and get estimates of how much
farmers are retaining In their private
granaries.
Chicago—To Sidney C. Love £ Co.. Min
neapolis: I think It good time to cover all
sport wheat; think our September will be
worth more than yours some day.
Chicago—There has been considerable
short July wheat covered this morning.
Weather map seems to have scared in
some of the faint-heaited shorts. Can't
see anything but lower prices for th*
July and September wheats.
Baltimore—Receipts—Wheat here today,
900 bu; shipments to mills, 16,000. Our
stock has reduced this week 30.000 bu,
and it looks as if the wheat here will
gradually go into consumption.
Chicago—Good buying of May wheat by
commission houses around $1.13 caused a
stop In the decline. May was sold by the
pit crowd who think May wheat too
high. Trade in May has been larger this
morning, with fluctuations wide. Some of
the local shorts in July covered this morn
ing.
Chicago—Corn crowd evidently went
home short and have covered. Been some
new long buying. Acceptances only fair.
General run of commission houses have
advised purchase of July wheat for a rally
and this class of trade bought it. Local
and St. Louis sold.
Chicago—Selling of the July wheat and
holding the May seems to be the proper
thing to do, but the May may crack open
at any time unless the big holders con
tinue to support It.
Chicago—Wrenn. Bartlett and smaller
commission houses taking May corn.
Scalpers xhe l>est sellers. Trade is not
large. Local crowd bearish and getting
short. Looks like a purchase to me.
New York—To A. J. Cummlngs: After
midday the market was quiet but firm.
The volume of business was better than
on Wednesday, but there was still room
for expansion and especially In the wire
house orders which were only moderate
Traders were operating with fair succes?
.for small turns on the long side.
J. W. Gates is said to be the active
center of speculation in Michigan Central
at present. C. G. Gates & Co. were buy
ers of 5,000 shares and have taken a good
deal of slock in the recent past
Politicians are still buying Consolidated
Gas and do not believe that the calling of
an extra session by Gov. Hlgglns would
result In any adverse legislation.
New York—George J. Gould is outspok
enly bullish on the general situation in the
west and southwest, as he has found it
from his own personal experience, that we
believe all the Gould stocks will attract
more attention and receive better support
and will advance to higher prices than
have yet been reached for any of them
on this movement.
New York—Bank of England has re
duced its rate to 2% per cent. The coal
stocks have given an impetus to the mar
ket, which has not reflected In the past
few days' decline any liquidation of
stocks. Money remains easy. Railroad
earnings continue large, the bond market
firm, and with the reported great Jap
anese victory in Manchuria we believe an
investment demand from Europe will take
place which will put values to a much
higher level.
New York—This market is acting fine
and will go higher. Buy copper. • SteeJ
common. Canadian Pacific, Atchlson and
Southern Pacific.
New York —At the London appeared a
large buyer of stocks, particularly of
Canadian Pacific, which opened wildly ex- !
cited. The lowering of the discount rate
by the Bank of England and the con
tinued success by the Japanese troops
causes the cheerful feeling abroad The
market Is very firm.
New York—We are strongly advised to
buy Missouri Pacific; Mexican Central is
getting active again and I would not be
surprised to see It sell up today.
STATE GRAIN INSPECTION
Inspected in — Wheat—Cars — Great
northern—No. I northern. 7; No. 2 north
ern, 11; No. 3, 13; No. 4, 18; rejected 10
--no grade, 4.
C. M. & St. P.—No. 1 northern. 2; No.
2 northern. 3; No. 3, 6; No. 4. 22; rejected,
M. & St. L.—No. 1 northern, 1.
800 Line—No. 1 northern. 3; No. 2
northern. 6; No. 3, 2; No. 4, 3; rejected 2
Northern Pacific—No 1 hard, 1: No 2
northern, 3; No. 3, 3; No. 4. 7; rejected,
i ; no grade, 2.
C. St. P.. M. & O.—No. 1 northern, 2;
No. 4. 1; rejected. 1.
Totals—No. 1 hard. 1; No. 1 northern.
15; No. 2 northern, 23; No. 3, 23; No 4 61"
rejected, 32; no grade, 6.
Other Grains— No. 3 durum wheat 2;
No. 3 winter wheat. 2; rejected winter
wheat, 5; mixed wheat. 6; western wheat,
4; No. 3 yellow corn, 4; No. 3 white com.
1; No. 3 corn. 20; No. 4 corn, 3; No 3
white oats, 8; No. 4 white oats, 22; No. 3
oats, 3; No. 2 rye, 2; No. 3 rye. 2; no grade
rye, 1; No. 3 barley. 1: No. 4 barley, 14;
No. 1 feed barley, 13; No. 2 feed barley.
16; no grade feed barley, 3; No. 1 north
western flax. 3; No. 1 flax. 7; rejected. 3.
Cars Inspected Out—No. 1 northern
wheat, 24; No. 2 northern*wheat, 73; No.
3 wheat. 62; rejected wheat, "27; no grade
wheat, 3; rejected winter wheat, 2; No.
3 yellow corn, 4; No. 3 corn. 2; No. 4 corn
1; No. 3 white oats, 37: No. 3 white oats,
3; No. 3 oata. 7; No. 4 barley, 8; No. 2 rye
7; No. 3 rye, 1; no grade rye, 1; No. 1
northwestern flax. 3.
MINNEAPOLIS FLOUR MARKET
Shipments Are Running Lighter. With
Only a Fair Business
Demand ia only fair and trade not at all
heavy, buyers taking goods in a hand to
mouth way. buyers holding off in hopes
of lower prices.
Shipments, 42,008 brls.
First 'patents. [email protected]; second pat
ents. J5.80.a-5.90; first clears, [email protected];
second clears, $1'[email protected] (These are all
f. o- b. in wood.)
THE FLOUR TRADE
Some Minneapolis mills did a better
business last week. A certain quantity of
clear was sold to go abroad, and some
fair domestic sales were made. Other
mills did not do so well. Outside mills in
the northwest for the most part complnln
of dull business. Duluth mills made a
heavier run than the week before
Pt. Louis mHl s did a better business
than the week before. Shipping direc
tions «ame in freely, and some flour was
exported to Holland and the united king
dom.
Kansas mills report business In flour
unimproved, though some sales were
made to eastern points at satisfactory
prices. Shipping directions are slow to
come in. Trade with the central states
Is steady going, but the prices are often
too low.
Milwaukee millers enjoyed a moderate
demand for both spring and winter pat
ents. Low grade was In fair request but
at close prices. Shipping directions came
along' fairly well.
Chicago mills showed an increased out
put and enjoyed a fair demand for flour,
which they attribute in part to a virtuous
refusal to dally with poor wheat.
Detroit mills made an enviable record,
running full time and selling their out
put. The foreign trade Is picking up.
Buffalo mills as a rule are grinding
steadily, but trade Is falling off.
Eastern markets were affected by the
decline in wheat. Boston stocks showed
an Increase. Sales were generally light
and prices unsettled. Manitoba millers
found trade better than usual at this sea
son and sold their output, having a fair
local demand and some orders from South
Africa and the TVest Indies. In eastern
Canada flour business was quiet
The growing wheat crop looks well
wherever the snow is off the ground Re
ports from Kansas. Oklahoma. Missouri.
Michigan and •elsewhere are generally fa
vorable.
Cables from the united kingdom and
Holland note no Improvement in demand
for flour. The markets are steady but in
active—Northwestern Miller.
NEW YORK COTTON
NEW YORK. March 9—Cotton fu
tures closed steady; March. 7.37 - April
7.42 c; May. 7.46 c; June. 7.43 c; July 7 43c:
August. 7.46 c: September. 7.48 c; October'
7.62 c; November, 7.55 c; December. 7.58 c;
January. 7.62 c. Spot cotton closed quiet•
middling uplands. 7.90 c; mtddlln* eulf
8.16; sales, 140 bales. '
MAY WHEAT BULLS
GIVE SUPPORT
Deferred Futures Hammered to
a Standstill by the
Bears
CHICAGO March 9.—Predictions .of
co oVr weather throughout the west and
southwest imparted firmness to the wheat
market here today. At the close. July
wheat was up *l©Kc; M ay is up He Corn
and, oats show a gain of [email protected] Pro
visions are practically unchanged.
Wheat -
During: the first part of the day. the
wheat market was extremely nervous.
The opening was strong, with- May up .*»«»
*° \? A @lc at "-13* to $1.14. July was
up ttft'Hc at 94c to 94& c. Shorts and
commission houses were active buyers of
May. Smaller receipts in the northwest
had considerable Influence on trading. The
pit crowd in general, however, was bear
ish. Shortly after the opening. buying
orders suddenly dwindled, and a severe
•ir^*/L 111 Pf, 1, o**0** occurred.. May dropped to
$1.12%. while July sold off to 93?»c\Low
er prices at St. Louis and Kansas City
were largely, responsible for the decline
here. Weakness of southwestern mar
kets was considered ample proof that the
prospect for an excellent wheat crop this
year will be fully realized. Later an of
ficial forecast of colder" weather for to
morrow, however, created some uncer
tainty on this point. On the theory that
the new crop may yet be seriously dam
-8 d^. by the frost, commission houses
turned active buyers, causing a quick ral
ly to 94 He- Shorts bought freely of May.
forcing the price of that option up to
$1.14. For a time the price of May fluctu
ated nervously, changes of M.c to Me being
recorded between trades. Late In the day
the fear of damage by cold weather seem
ed to be the dominating Influence. The
market became quite firm, with May
showing the greatest strength. Final quo
tations on May were at $1.13% @1.14. July
ciosed at [email protected]^c.
t/iS'^ftSi"^® 8 °L? heat aiM* flour arc equal
-Sn 1! 000 bu - Prlraary receipts were 414.
--bu compared with 636.800 bu a year
ago. Minneapolis. Duluth and Chicago re
ported receipts of 286 cars, against 384
cant last week and 371 cars a year ago.
r\v'- Corn
Trading In the com pit was quite ac
tive, and the market had a firm under-
? ne .»mission houses were the prin
cipal buyers, two or three of the most
important ones "being active supporters
of i^ c market. Small local receipts and
higher prices at Liverpool had a strength
ening Influence. May opened He to \kc
higher at c 4SHc to 48^c. sold between
4Sc and 48^c and closed at 48Vs©"iSVic.
Local receipts are 296 cars;, none of con
tract grade. •■
Oats
Mainly in sympathy.with corn, the oats
market was firm. .The volume of trading
T.as light, there being disposition to
sell. , May opened a shade to %c*»%c
higher at 31»ie to 82c, sold up 32* c, and
closed at 31 "Ac. . '
. Local receipts were 161 cars.
■ Provision* . •" "
Provisions were neglected - and prices
showed- little change. At the close May
fork "was oft *%***< at $12.62^ and
$1-66. j Lard and ribs were each un
changed at $7.02% and $6.85 respectively.
Estimated receipts for tomorrow—
wheat, 1' cars, corn 179 cars, oats 197
cars; hogs. 23.000 head.
Cash quotations were as follows: Flour
—Easy. No. 2 spring wheat. [email protected]
: 5 J^"^ 11- .«104«114H: No. 2 red.
$1.13% ©1.17. Xq.. 2 corn, 46»ic; No. 2
>ellow, «'**,- No 2 oat«. 32* c; No. 2
white, 33c; No. 3 white, 31*4632*4 0. No.
2 rye. 78©78Hc Good feeding barley. 38
@41c. Fair to choice malting. 44©47 c. No.
1, £? x s«ed.- »-2«H':- No. 1 northwestern.
$1.39. Prime timothy seed! $3.05. Moss
pork, per brl, $12.55012 60. Lard, per 100
lbs. $6.87%@6.90. Short ribs sides
(loose), $6.75«?6.87}£. Short clear sides
(boxed). $6.87»[email protected] Whisky, basis of
high wines. $1.23. ' Clover, contract grade.
$12.85. Receipts—Flour. 43.500 brls;
wheat. 50.000 bu: corn. 593.100 bu: oats.
259,200 bu; rye, 2.000 bu; barley, 116,200
bu. Shipments—Flour, 42.400 brls; wheat.
38.000 bu; corn. 289.600 bu; oats 134 400
bu; rye. 1,100 bu; barley, 31,400 bu. On
the produce exchange- today the butter
market was weak; creameries. 204j 24c;
dairies. 18023 c. Eggs—Firm, at mark,
cases included. 19% c; firsts, 20c: prinvs
firsts, 21c; extras, 22c. Cheese—Firm, 12
©13V4c - V v
OTHER GRAM MARKETS
NEW YORK
New York—Flour— 22.274; ex
ports. 1.136. Dull and barley steady Min
nesota patents. [email protected] Rye flour
steady. Buckwheat flour dull. Cornmeal
steady. Rye nominal. ■■ Barley quiet.
Wheat—Receipts, 1.950 bu: spot steady;
No. 2 red nominal elevator; No 2 red.
$I.lß\ f. o. b. afloat; No. 1 northern Du
luth. 11.23 M f.-ol b. afloat: No. 1 hard
Manitoba, $1.10 f. o. b. afloat. There was
plenty of fluctuations to wheat prices to
day and active covering at times by recent
short sellers. Demand for new crop
months was based on fears of a cold wave.
Opening firm, the market sustained a bad
break under liquidation followed by a re
covery, the close being Vie lower to \^c
net higher. May. [email protected] closed
$1.13: July. 97 7*@977*c. closed 98&; Sep
tember, !>O«'JO%. closed SOVic. Corn—Re
ceipts, 12".',550 bu; spot barely steady. No.
2. 68^4c elevator and 63% cf. p. b. afloat;
No. 2 yellow. 54c; No. 2 white. 64%. Op
tion market quiet but firm; closing *»c net
higher. May closed 64Vic; July closed
64V4c Receipts. 96,000 bu. Spot
steady: mixed oats, 26 to 32 lbs. 37^^'
38»4c; natural white. 30 to 32 lbs, 3S>2&
S9c; clipped white. 36 to 40 1b5..39® 41c.
£~\::: DULUTH
Duluth—The decline was stopped this
morning by big buying orders that cleaned
up the loose May wheat. May strength
ened and closed %c higher than yesterday.
Local business was dull and fluctuations. 1
were narrower that at Chicago. Flax was
very strong and got beyond • $1.40 for
everything. September wheat improved
only \*c. . Receipts today —Wheat, 12
cars; flax. 4: corn, 1; oats. 3: rye, 1.
Shipments—Wheat—Receipts. 1.600 bu. ;
Cars on track. 60. Close— Caen. No: 1 i
northern. $1.08 li; No. 2- northern. $1.02
to $1.05%; May. $1.09*; July. $I.oB* i;
September. 88\c; flax, cash. $1.04\c: to
arrive and May. $1.40>;; oats. 30"fee; rye,
76* c.
MILWAUKEE
: Milwaukee—Flour—loc lower. Wheat—
Weak: No. 1 northern. $1.13; No. 2 north
ern.- $1.0961. May. . $1.14*4: puts,
$1.12*4; calls. $1.16 i* bid. Rye—Firm:
No. 1, 85c. Barley— No. 2. 61c;
sample. [email protected] Oats—Steady; standard,
3S©33*ic. Corn— >4c higher; No. 3. 46*40
47c; May. 48Uc asked; puts, [email protected]*ic bid;
calls, 48* ie a«ked.
. KANSAS CITY
Kansas City. Mo.—Wheat— May.
88>4c; July. &3Hc; cash, No. 2 hard. $1.03
S. 8. SHOTWELL i CO.
GRAIN-STOCKS
N»tl»na! Oamian. American Bank Building
Chas. L. Haas Commission Co.
- L.re Stack Ccur.rr.Us'.sn y»rch*r.Js- .
Room 10. Eschar Bag;.. Ur'.en Stock Yards, 3*
St. Paul. Minn., and Union Stoti Yards. CbJcato.Hi
- . . Übaral ftdvucai mad* no c«ialcoci*at»
A. J. CUMMINCS
GRAIN COMMISSION \ •'
Provisions ; — Stocks -— Bonds
PRIVATE ; WIRES •
Member Minneapolis Chamber of Com
merce. Duluth Board of Trade.- : "^ '
—Main' Floor Dispatch Buildffcg. v -
ST. PAUL.
©106: No. 3. $1.0iei.03; No. 4. 99c©51.00;
No. 2 red. $1.0491.06; No. 3. [email protected]©4
Wo. 4. S6e©si.<r_\ Corn—Steady; May.
«%c: July, %B\c; cash No. 2. mixed,
wi\ No _3- 46% c; No. 4. 46646 c; No. 2
white. 4.c; No. 3. 4S%c Oats—Steady;
No. : white, 33c; No. 2 mixed, 32% c.
LIVERPOOL
Liverpool—Wheat—Spot, nominal; fu
tures, steady; March, nominal; May. «s
9%d; July. 6s 9^d. Corn—Spot, steady;
American mixed, new. 4s 2*»d; American
mixed, old. 4s lid; futures, steady;
March. 4s Ifcd; May. 4s 4%d.
DAILY WHEAT MOVEMENT
The following are the receipts and ship
ments at the principal primary wheat
markets:
Receipts. Shipments.
New York 1.960 ...:..
Philadelphia 3,«00
Baltimore 910
Toledo 3 o^o
Detroit 2 067
St Louis 45.000 73.000
Chicago 60.060 38,038
Milwaukee .• 29 9 1*©
Duluth 12.481 1.600
Minneapolis 226.920 114.240
Kansas City 50.400 37.800
PROOUCEJIARKET
Butter — Creamery — Extra. 27c; firsts.
26fi>26c. Dairies, extra. 21<g>22c; firsts.
19©21 c; renovated. 22«22%e; rolls and
prints, fancy, [email protected]; rolls and prints,
common. 16618 c; packing stock, fresh,
18c; grease. sc.
Cheese—Twin, fancy. 13% c; twins, or
flats, storage. [email protected]%c: Young Americas,
fancy. 12%«13c; brick. No. 1, 14% c; brick.
No. 2, [email protected]; limburger, No. 1, new.
«%c; primost. No. l, 8c; pultost, 10c;
Swiss cheese. No. 1, wheel. [email protected]%c;
Swiss cheese. No. 2. wheel. 13c.
Begs—At mark, cases included, 15%®
16c.
Beans—Choice to fancy, navy, per bu.
|Ut#LJt; brown, fair to fancy, $1.75«j»
Peas—Yellow peas, $1.25.
Potatoes—Home gTown, car lots. 250
30c; eweet. brl, $3.60.
Vegetables—Beets, per bu, 40c; beets,
new, doz. 75c; beans, wax. box. $5.00;
cabbage, per cwt. 60c; cauliflower, crate.
$3.75; Carrots, bu, 40c; carrots, new, dox,
76c; celery, home grown, doz, 25 fa 50c; Cal
ifornia, crate, J5.264t5.50; cucumbers, do*,
$2.00; lettuce, box. 60c; mint, doz. $100;
onions, dozen bunches. 25c; onions, cwt.
$1.75; parsley, dozen. 40c; radishes, dozen
bunches. 76«|90c: rutabagas, bu, 40c;
turnips. 40c; turnips, new. 75c; tomatoes.
Florida, ti basket crate, $4.25« M.60.
. Grapes—Malagas, keg, $5.00«z5.00.
Apples—Fancy varieties.
western box apples, $1.601?2.76
Cranberries—Brl. $7.5."
Bananas—Per bunch, as to size, $1.(0®
2.50.
Lemons—California, per box, $3.25 S
3.50.
Oranges—California navels. $2.50g>3.00-
Florida grape fruit, [email protected]; California
grape fruit. $3.60.
Dressed Meats—Veal, fancy, [email protected]%c:
fair to good. [email protected]%c; mutton, country
dressed. 7%&9 c; fall lamb, round dressed,
[email protected]
Hogs—Country dressed. sViffs*c.
Dressed Poultry—Spring chicks, fancy.
12fc12%c; No. 2, 10#llc; hens, fancy,
llfil.'c; No. 2. [email protected]%c; turkeys. No. 1,
17$18Vsc; thin and poor. Il<i814c; old toms,
Hiil&c; ducks. I2<jl3c; geese, 11® 12c.
Frozen poultry lc and 2c less than
above.
Fish —Pike. 7%c; Pimfish. perch, etc.,
4%c; frog legs, dozen, 6&8 c; Lake Su
perior herring. 4&4% c.
».;;.. CHICAGO PRODUCE
. CHICAGO, March 9.—Butter weak;
creameries, [email protected]; dairies, [email protected] Eggs
firm; at mark, cases Included, 19Q>19^c.
Cheese firm; daisies. 13<g134c; twins. 12
&12*ic; Young Americas. 13% c. Poultry—
Live firm; turkeys, 14 c; chickens, 12c:
springs. 12c. Potatoes easy; burbanks. 28«%
30c; rurals. [email protected] Veal easy, 50 to 60
pound weight*. s£/sv.e; 65 to 75 pound
weights. 6®7c; 80 to 126 pound weights.
NEW YORK PRODUCE
NEW YORK. March ».—Butter weak;
receipts. 5,898 packages; street prices, ex
tra creamery. 26<&26Vic. v Official prices,
creamery, common to extra, [email protected]; do
held, common to extra. 206 25c: state
dairy, common to extra, 19iQ>23c; reno
vated, common to extra, 18©_23c; western
factory, common to extra. 180.'3 c; western
imitation creamery, common to extra, 20®
23c, Cheese firm, unchanged: receipts
4.641 lbs. Eggs firm, unchanged; re
ceipts, 7,409 cases. _,""•;'•
HIDES. PELTSTWOOL, ETC.
Quotations furnished by D. Bergman &
Co.. St. Paul:
Green salted heavy steer hides. 60 lbs.
and up. No. 1, 10c; No. 2. 9c; branded.
No. 1. 9c; No. 2. Be. - -
Green salted cow hides, 26 lbs and up.
No. 1 B>4c; No. 2. B%c; branded. No 1,
B%c: No. 2. 7Vic
Grcert salted bulls, stags and oxen. No.
1. 8c; No. 2. 7c
Green salted veal calf skins. 8 to 16 lbs
No. 1. 13c; No. 2. lU4c; kip. 15 to 25 lbs.
No. 1, 10% c; No. 2. 9*4e
Green salted long haired kip, 8 to 26
lbs. No. 1. 9i»ic; No. 2. Be.
Green raited deacons, under 8 lbs. No
1, 60c; No. 2. 60c.
Green salted slunk skins. No. 1, 20c.
Green salted glue stock. 3%c.
Green salted horse hides (large). No. 1,
$1.26©3.35: No. 2. 00: small and ponies.
No. $1.60; Mo. 2. $1.60.
Green and frozen hides, lc to l%c less
than salt cured.
Dry Montana butcher hides, short trim
med, heavy. No. 1-2. 16-17 c: light. No.
1-2. 13-14 c; long trimmed, heavy. No. 1-2
15-16 c; light. No. 1-2. 13c. -
Dry fallen or murrain hides, all sections
No. 1. 12®13c.
Dry salted hides. No. 1. 12c; No. 2. 10c.
Dry Minnesota. Wisconsin and Dakota
hides. 12 lbs and up. No. 1. 12Hc; Nb. i,
lie
Dry calf skins. No. 1, 16c: No. 2. 14c
Dry kip skins. No. 1. [email protected]; No. 2.
lie.
Dry glue stock, sc.
Rendered tallow. No. 1. 4^c: No 2
SV»e ...;-•
Grease. No. 1. 4c; No. 2. 3c.
Rough tallow. l%c.
Bheep pelts, green, large. $1 to $1.40;
dry. territory butcher. 14016 c per Ib act
ual weight: dry. territory murrain. 12 a
14c per lb actual weight: dry shearing 7c
to 10c per lb actual weight.
Wool, unwashed. Minnesota and Wis
consin. 18c to 24c per lb; unwashed, Da
kota, 17c to 22c per lb.
Deerskins, dry. 26c to 40c per lb; green
12^c to 15c per lb. -
Ginseng. $6.75 to $7.60. -—
Seneca root. 52c to 66c.
Bear, black. No. 1 large. $19; No. 1
medium. $16: No. 1 small. 112; cubs No
1 large. $7: No. 1 medium. $6; No. l small
$4.60: brown. No. 1 large. $14; No 1
medium, $10.60; No. 1 small. $8; cubs. No
1 large, $5; No. 1 medium, $4; No. 1 small,
$2.26.
Badger. No. 1 large. $1.25; No. 1
medium, $4: No. 1 •mail, .6c.
Beaver, No. 1 large, $7.60; No. 1
medium, $4.50; No. 1 small. $2.50.
■ Fisher, No. 1 large $7.50; No. 1 medium.
$6: No. 1 small. $5.
Fox. silver. No. 1 large. $200; No. 1
medium. $100; No. 1 small. 185; cross. No
1 large. $8: No. 1 medium. $6; No. 1 small,
$4; gray. No. 1 large. $1; No. 1 medium,
66c; No. 1 small. 45c; red. No. 1 large,
$4.75; No. 1 medium. $3.60; No. 1 small
$2.26: kits, No. l large. 70c; No. 1
medium. 60c; No. 1 small. 36c.
Otter, dark. No. 1 large. $18.00; No. 1
medium. $13.00; No. 1 small. $10.00; brown
ana pale. No. 1 large, $8.00; No. 1 medium,
$6.00: No. l small. $5.00.
> Mink. dark. No. 1 large. $3.50; No. 1
medium. $2.60: No. 1 small. $2.00; brown
and pale. No. 1 large, $2.75: No. 1 medium
$2.00; No. 1 small. $1.50. » .
Raccoon. -No. 1 large. $1.75; No. 1
medium. $1.20; No. 1 small. 76c.
Marten, dark. No. 1 large, $20.00- No. 1
medium. $14.00; No. 1 small, $7.00; brown.
No. 1 large, $9.00;.N0. 1 medium, $6.00;
N0.,1 small. $4.00: pale. No. large, $5.00-
No. 1 medium. $3.60; No. 1 small. $2.50. -
Wolverine." No. 1 .large. $7.00; No. 1
medium,- $5.00: No. 1 small. $4.00.
Weasels, white. No. 1 large, 60c; No. 1
medium.. 30c: No. l small. 15c.
Muskrats. Wisconsin, i large winter, 14c;
small winter and large fall, lie; small
fall. 8c; Minnesota. ■ large _ winter, lie;
small winter and large fall. 9c; email fall,.
7c: kits. 3c. • - • -.-Ji
Skunk, black. No. 1 large. $1.75; No. 1
medium. $1.35: No. 1 small. $1.00; striped.
No. 1 large. $1.00; No. 1 medium, 75c; No.
1 small, 60c ~ :* - - ' .
Wolf. No. 1 large. $2.50; No. 1 medium.
$1.50; No. 1 small. $1.00. -
Above are ■ quotations for prime No. 1
fur*. ■ Nos. 2. 3. 4 are unprime and worth
proportionately less. - -
COPPER SELLS 801 ON HEAVY SALES
DOMESTIC MONEY MARKETS
S^PBT.^:-^^ V^l j 80NeW Y? rk-"Se: S Selling rate.
Bar «iKe r * U'*U'J ™? n Premium: buying rate. 30* pre
iiiiLslli % i mmm. Chicago exchange: Sellinir
v 14-.^• 4,30/ mentary exchange, S4.S4'i.
BANK CLEARINGS THURSDAY
" St -. Paul $935,410 ] Minmapolis $2,811,171
CLOSINGJTOCK LIST
Quotations furnished by Edwards-Wood
o?-'^ 1™. 1" offlce Fifth and Robert streets
at. Paul.
■ [SalosjHighlLowiClose
Atchison '•■•• 41700; 93' M 92%; 92%"
do pfd -• | 73001104% ; 103% 104
Atlantic Coast Line I 2400 142%|144% 141
Baltimore & Ohio . .'12900 110%|109% 110%
_ do j» dv/ : 1300! 96% 96% 96'
Canadian Pacific .. 40400j146% 144% 146%
Central of New Jer. 100 201 201 200%
Chesapeake & Ohio . 1800 50% i 50% 50%
Chicago & Alton .. 200 39%! 39 139
do pfd f \...7.< 80
Chicago & North-W. 1600 243 241% °42
CM. & St. P. .... i 1400 179% 178% 179
Chicago Great "West. 2600; 23% 23 i 2 '4
Chi. Ter. & Trans., i 1200 18% | 17% 18'
do pfd 3100 34% 32- 34
C. C. C. &S.L. .. 200 99 199 i 97
do Ist pfd 3100 82% 82%| 82%
do 2d pfd j 500 70% 69% 70%
Colorado & South..) 1700 26 25% 25%
do Ist pfd 100 61%: 61%! 61 "
do 2d pfd .. ; 1000 37% : Ml 36%
Delaware & Hudson 900,192 191% 191%
Del., Lack. & West.! 600 369 368 "365 "
Den. & Rio Grande.! ; 33
do pfd 500 83%! 88%! 88%"
Erie • • • • 35400 48 47% 47%
Hocking Valley .... 4100 98 • 92% 95
..do pfd 1.... 2800 95% 93% ! 95%
Illinois Central .... 1600 169% 159 155%
lowa Central i 400 28% 28% 28
do pfd :..._... 53%
Kan. City Southern. 400 30V 29% 30
t do. p',d »• ■ 600' 6514 65% 66
Louisville & Nash.. 2SOO 142% 141% 142
Manhattan L . 1000 171% 171 171%
Metropolitan Secur. 1700 85% 84% 54%
Metropolitan St. Ry. 71.0" 123% 121'% 122%
Mexican Central *. 28100, 25V* 24% 25%
Minn. & St. Louis '..... ... . 58
M.. S. P. &S. S. M.. 1600 119 118 IIS
do pfd 900 161 .1593.4 16o\
Missouri Pacific ... 6900 109% 108% 108 A
Missouri. Kan. & T . 1400 32% 31% 32%
do pfd 800 41% 41-5,141%
New York Central.,.'7soo 168% 157%i158%
N. V.. Ont. & West . 7100 65^4 55 55
Norfolk & Western. 6000 84% 84% 84%
do pfd I I 92
Northern Securities. 9000 159*4 158% 158%
Pennsylvania 62100 144 143% 143%
Pitts. C. C. &S. L... 200 80 80 ' 80 "
Reading 134600 99? 4 98% 98%
do Ist pfd I 1300; 92 93 i l-»
do 2d pfd ■ 13001 91% 91 i 91
Rock Island'Co 612001 36» 4 i 34% 36%
do pfd i 53001 81*4 v) I m
S. L. & S. F. 3d pfd 1500! 71% 71% 71 M.
St. Louis Southern..: 1100. j26 -5 4
do pfd 600 62% 82% 62^4
Southern Pacific ... 72500 71 V 09*11 70%
do pfd ; 600 118*41118% 118%
Southern Railway ..! 6000 35%| 35% 35%
do pfd ' 100 'J'J |99 99%
Texas & Pacific ... 4900j 39% 39%( 89%
T. t St. L. & West .. 200' 3C% 80% 35%
do pfd , 1 52%
T. C. Rap. Trans... 900|109U!10S%
Union Pacific 1131OO;134'^ 133% 133%
do pfd 100! 99% I 99% i 99
Wabash 1000 23% 23 , --"»
do pfd 200 47>4 47 , 46%
Wheel. & Lake E...'! ; ; 18%
"Wisconsin Central .. 600 24% 24 \24
do pfd I 3001 62% 52% 52
Amalgamated Cop. 138100! 80% :*\ »0%
Am. Sugar Renn. . 1286001145% 143 143%
Brooklyn Rapid T...J 400| 66%) 66 | 66%
Col. Fuel & Iron ...j 7300 t 52 [ 01% 61%
People's Gas ......|l36oo|llo%|llo>fc|llo%
Republc Steel 170", 19% i 18% j 19
do pfd I 15001 77 I 76 , 76' 4
United States Steel.|s46oo| 36% I 36!« 36%
do pfd -75U0 t»6'4 95% 1 95 •»
Total sales for the day, 1,320,600 shares.
NEW YORK BONOS
U 8 ref 2s reg. 104% i Japan to cert..102%
do ref 2s couplo4% L & N uni 4s .103%
do 3s reg 104 V*, Man con g 45...106%
do 3s coup ...104»4 Mcx Cent 45... 76%
do n4s reg ..132% do Ist mc ... 25%
do n 48 coup. 132% fM & St L 45.. 96%
do o 4s reg . .104% M X & T 4s ..100%
do o4s c0up..105% i do 2ds 55?4
Am Tob 4s cert 55% :N KH of M c4s S3 .
do fa cert ...117 N VC X .100%
Ateh gen 4s ...104% N J C gen 55..136
do adjt 4s .... 97 Nor Pac. 45....105%
A C L 4s 102 I do 3s ~<
B & O 4s 105 IN & \V con 45.103*s
do 3%s 95V0 8 Li lfdg 48. 97%
Cent of Ga 65.. 115 Perm cony 3%5105%
do Ist mc 92»4 Reading gen 4*102
do 2d 1nc .... 68 St L&I M C 6sll8s;
C & O 4%s 106% St L & S Ffg4s 92»i
Chi & Alt 3%5. 82 St L B'w c 45.. 83
C It & Q n 4s. .100% S A L. 4s ...... 91
C R I & PRR43 82% So Pac 4s 95%
do col 6s 9484 So Ry 5s 119%
CCC & St L g45102% T & P Ist 122« i
Chi .Ter 4s 97 IT St L & W 4s. 86
Col Mid 4s 77 Union Pac 45..106
Col & So 4s 93 ' do cony 4s ..135%
Cuba 5s cert ..104%iV B Steel I'd 5s 95
D&R G4s ...101 WabaFh lsts ..118%
Dls See 6s 79»; do Deb B 71
Erie p 1 4s 101% West Md 45... 92%
do gen 4s 93 fW & L E 45.. 93
F W & D C 15t.110% Wis Cent 45... 94
Hock Val 4%5..110% '
f Off ..red.
BOSTON MINING STOCKS
BOSTON, March 9. — Closing copper
quotations: Adventure. 5%<g6; Allouez,
22»[email protected]; Arcadian, 1%@1%; Atlantic. 16Vi
<&16%; Blngham. 31%@32; Calumet and
Hecla, 675 asked; Centennial. 19%&19 3i;
Consolidated Mercur. 35(§37; Copper
Range Consolidated. 73073%; Daly West.
[email protected]?i: Dominion Coal. 72% asked;
Elm River. 2V'i-' 7*; Franklin. lli/[email protected]>ll%;
Granby. iy.ifiT)S>: Guanajuato. 4%©4 3i:
Green Consolidated. 28*4 ©29; Isle RoyaJe,
25%©25%; Massachusetts. 12%@12%;
Mayflower, 1% asked; Michigan, 14%
asked; Mohawk, [email protected]%:01d Colony; 1%
<&1%: Old Dominion. 27%<3>28; Osceola.
»4%; Parrot. 29*j)29%; Phoenix, 2%«t3;
Qufncy, [email protected]; Rhode Island, 203%;
Shannon Copper Co.. S^S'.a: Tamarack,
1300,132; Trinity. l'>'r. 11 United States
Mining. 25» 4 1i; United States Oil. 9%
©10; Utah. 40%©41: Victoria. 4%©5; Wi
nona, 13<513«4; Wolverine, 1170119; Wy
andot. 2©2»4; Santa Fe, 28^,28%; M. C,
3%@3%. "
COFFEE AND SUGAR
NEW YORK. March 9—Sales were re
ported of 86.600 baR.". including May at
6.30fi6.40c; July. 6.45'3t>.f>0< >: S*-pt«mber.
6.70©6.80 c; December. 6.&00 7.00 c; Jan
uary. 6.95 c. Coffee —Spot quiet. Sugar—
Raw firm: fair refining. 4 9-16 c; centrifu
gal. 96-test. 6 l-16c; molasses sugar,
4 6-l«c; refined quiet.
O. L. Simpson & Co. Fall
NEW* YORK. March 9.—The suspension
of the brokerage firm of O. L. Simpson &
Co.. members of the Consolidated Stock
Exchange, was announced on the exchange
today.
Raynor Godwin, manager of" the firm
Raid that the liabilities were about $110.
--000, with nominal assets of $15,000. The
company had an uptown office""and many
customers were women.
BERLIN
BERLIN. March 9.—Discount rates,
short bills, 1% per cent; three months'
bills. 2 per cent. The weekly statement
of the Imperial Bank of Germany shows
the following changes: Cash In hand de
creased 12.420.000 marks; treasury notes
increased 800.000 marks; other securities
increased 15.640,000 marks; notes In cir
culation decreased 10,440,000 marks.
O'Connor <Bt> Van Bergen
"*&] Brokers Es£
Board 4 Trad* DtncTrMwt* Wirt*
SILTING STOCKS
ARC_BOOMiIMC
Manipulators Are Taking Spe
cialties in Hand Again—
Closes Irregular
NEW YQKK. March 9.—There was dis
tinct revival of speculative enthusiasm in
stocks today and a considerable expansion
in the volume of the market was an ac
companiment. The most'"effective factor
upon sentiment was the awakened
strength in the group of railroad stocks
which have figured in the most indus
triously circulated of the rumors in re
gard to combinations and mergers The
entire quiescence of this group ever since
the announcement of the Northern Se
curities decision has been a damper upon
the speculative spirit, as the plans con
cerning these properties were supposed to
be waiting for that decision to be pro
mulgated. There was no authoritative
news regarding the plans today, but the
demand for the stocks relieved the mar
ket from some of the repressive influence
due to their lethargy.
Readlna Near Pap
Yesterday's active speculative move
ment In Reading was also carried over
Into today's dealings, and that stock was
run up to within a shade of par. The
only motive assigned for the rise was a
rumor that the dividend rate would be
advanced to 4 per cent. Beyond this it
was alleged that the Boating supply ot'
the stock has been so Car reduced as to
make It readily responsive to market op
erations, as has been demonstrated by
the repeated success of parties formed to
operate in it within the last tew months
The present movement is ascribed to the
same sources. There was a very Btriking
movement also in a group <>t" the metal
stocks, led by Smelting. Amalgamated
<%o;i-,.er w; ,s a conspicuous llgure in the
Fame group. Dividend rumors playetl
their part in this movement also and
were supplemented with merger rumors
affecting the lead Industry. The spurt
in Anaconda, Amalgamated Copper's con
trolled stock, pointed to the source from
Which the parent stock is to benefit by
supposed dividend Increase. Reports from
tho copper trade were bright and copper
stocks were strong in all the world's
great markets. The United States SU-el
stocks wire again conspicuously laggard.
although reports from that trade con
tinued brilliant. Canadian Pacific was
supposed to be benefiting from large earn
ings by Itself and its controlled proper
ties, all of which moved up in company.
The special demand for Atchison in the
loan crowd pointed to an outstanding
short interest as the source of sorn> of
the demand for It.
Discount Rate Reduced
The favorable ground work to which th.-»
various operations owed their .success bad
as the principal element the reduction in
the otlicial discount rate of the Hank <>t
Kngland from 3 per cent to 214 "per <• ;it.
a rate lower than has been touched since
before the Boer war. This action had
been so long deferred that some fears
had obtained that the extraordinary de
mands upon capitul had made thf reduc
tion unfeasible.
The lowering of the rate is equivalent
to a proclamation that urgent require
ments upon capital have been met and
that relaxing money conditions in the
world's market are to be looked for An
encouraging view of the full planted
wheat crop was a factor in the market,
.rom the scat of war was accepted
a s promising an oarly peace and was of
strengthening effect-
London bought stocks here at the open
ing, but sold on the rise. The lealizing on
the advance made some alteration In tho
day's best prices, and Reading especially
met such heavy pressure just below par
that It fell back -to below last night. Tho
closing dealings were in consequence
slightly irregular.
Bonds were firm. Total sales par
value. $5,130,000. United States i'» ad
vanced *,& per cent on call.
MOHEYJEPORTS
WASHINGTON
WASHINGTON. March 9.—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 balances, $142.
--274,30"; gold, $50,800,264; silver, $25,400 -
927.
NEW YORK
NEW YORK. March Money on call
steady. 2%@2%, closing bid 234, offered
at 3. Time loans easy: sixty days, 3 per
cent; ninety days. 3fi/3«i: six months,
3%. Prime mercantile paper, 3% #4%
per cent. Sterling exchange firm; opening
weak, with actual business In bankers'
bills at [email protected] for demand and
at $4.84.70ig)4.54.75 for sixty-day bills;
posted rates, $4.85% and $4.87%; commer
cial bills, $4.54%<JH.54%. Bar silver, 59i;c.
Mexican dollars, 45% c. Government bonds
firm. Railroad bonds .firm.
LONDON
LONDON. March 9.—Money was In in
creased supply in the market today and
sales were easier, owing to the retirement
of $12,500,000 In treasury bills, although a
considerable amount is still owing to
Bank of England.; Discounts were weak
ened by the continued influx of gold. It
■was reported that nearly $2,500,000 leaves
India March 11 for London. The tone on
the stock exchange mostly was cheerful.
The reduction of the Bank of England's
rate of discount today from 3 to 2% per
cent improved the tone and stimulated
business. Consols hardened considerably.
Home rails mostly were firm. Americana
opened steady, Improved and became mod
erately active. Philadelphia & Reading
and Atchison, Topeka & Santa Fe were
the features. The market closed firm,
with Canadians sympathizing.: Foreigners
had an Improving tendency on continental
advices. Japanese were benefited by th»
Russian retreat. Imperial Japanese gov
ernment 6s of 1904 were quoted at 104%.
The Bank of England's rate of discount
was reduced today from 3 to 2% per
cent. The weekly statement of the Bank
of England shows the following changes:
Total reserve increased £1.001,000; circu
lation decreased £249.000; bullfon in
creased,- £754.899; other securities de
creased £3,025.000; other deposits de
creased, j £3.667.000; public deposits in
creased £1,428.000; notes reserve In
creased £686.000; government security*
Unchanged. The proportion of the bank's
reserve to liability this week.ls 56.47 per
cent; last week it was 52.52 per cent. Bul
lion to the amount £33,000 was withdrawn
from the Bank of England today for South
America, and £176,000 was taken into
the bank.
PARIS
PARIS. .March 9.—Three per cent
rentes 100 francs 60 centimes for
the account. Exchange on London
26 francs 21% centimes for checks. The
weekly statement of the Bank of Franc*
shows the following change**: Notes In
circulation decreased 49.125,000 francs;
treasury accounts, current, decreased 10.
--225,000 francs; gold in hand decreased 12.
--250.000 francs; bills discounted decreased.
129. 000 francs; silver in hand de
creased 1,800.000 francs.
BOMBAY
BOMBAY, March o.—The Bank of Bom
bay ha«. advanced Its rate of discount
from 7 to 8 per cent.

xml | txt