Omaha daily bee., July 02, 1911, EDITORIAL SECTION, Page 8, Image 16

About Omaha daily bee. (Omaha [Neb.]) 187?-1922

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THE OMAHA SUNDAY BEE: JULY 2, 1011.
GRAIN AND PRODUCE MARKET
Adrance in Wheat Checked by Ar
rival of Winter Prodnct.
SHARP ADVANCES MAY RESULT
WMt Baled Flrsa la Sympathy with
tha Strength la Cora Marias
Good oa Fear of Ikt Ills
Trmpnlimt
OMAHA. July 1, 1911.
The early arrival! of new wheat and
heavy purchase to arrive coupled with re
ports of better yields than was expected In
the winter wheat harvest were the bearish
li utures thst checked the advance la
heat. '
bulls predicted a return of the hJt
eat her complaints from the northwest and
weather conditions there will be a price,
Urtor for the pr-sent.
Bull no rain over the west and southwest
rorn states and early dispatches showed
high temperatures, which caused a renewal
f the excited buying of corn futures, each
lay of extreme heat adding to the possible
damage to the growing crop, and sharp
advances In prices will result.
Wheat ruled firm and higher In sympathy
with the strength In corn. Buying was of
good class on fears of high temperatures.
C'ah wheat was unchanged.
The corn market was wild and excite
ment run high, owing to the continued hot,
dry weather. Cash corn waaH8-aC higher.
Primary wheat receipts were 716,000 btish
la and shipments were 28.000 bushels,
against receipts last yesrif no receipts or
shipments on account of holiday.
Primary corn receipts were 444,000 bushels
and shipments were 1.030,000 bushels,
against no receipts or shipments last year
on account of holiday.
Clearances were 229,000 bushels of corn,
1.000 bushels of oats and wheat and flour
equal to 200,000 bushels.
Liverpool cloeed iA higher on wheat
tnd MiSd higher on corn.
The following rash sales were reported:
WHEAT No. 1 hard: t oars, Soo; 1 car,
I4C.
CORN-No. I white: 1 car, 69e. No. I
white: 1 car, 61c. No. I yellow: 1 cars,
6Rc. No. 4 .yellow: , ,1. car, tVc. . No S
mixed: t cars, 68'ac No. 4 mixed:. 1 car,
67Wo-
OATS-No. 2 white: 1 car, 44c. No. I
white. 1 car, 43Hc; 1 car. 434o. No. 4
white: 1 car, 43c. No grade: 1 car, 43c.
Omaha Casa Prices.
WHEAT No. t hard, 8IWS7HC; No. S
hard, 8&8c; No. 4 hard, 7Mi CI He ; rejected,
hard. fHWjTHc; No. I sprlnc. 85S8c; No.
I spring, l3V86c; No. 2 durum, H2i83Vc;
No. 8 durum, 814iH2o.
CORN No. I white, 6f4Wc; No. I
white, tOTj'JrfiBc: No. 4 white. 584i08Hc; No.
i color, M'i8Vc: No. 1 yellow, .SH-VSoi";
No. yellow, 68H'&Sic: No. '4 yellow,
S7H6ic; No. 2, &8tto.si;: No. 3, Mtf
MWc; No, 4, 67ir58c; no grade. Mtc
OATS No. 2 white, 434?44e: standard,
l.Mt43c; No. I white. 42'-Mi4S14o; No. 4
white. 42Wc; No. I yellow. 42ViM3o; No.
I yellow, 41&42o.
DARLEY-No. 3, 7784c; No. 4, 7282c;
No. 1 feed. 6747770; rejected. 62g72e.
RYE No. 2. 831 S5o; No. 8. 81;3c.
Cev(tx aUMMIsjte.
' Wheat, Corn. Oats.
Chicago 35 751 130
Minneapolis 224 ...
Omaha , 16 44 23
Duluth 34
CHICAGO GRAIN AND PROVISIONS
Kea tares of the Trading- aad Closing
Prices oa Board of Trade.
CHICAGO. July 1. Hot weather today
raised the price of every staple on 'change.
The wheat market In particular was af
fected by apprehension regarding what
might happen to the growing spring crop
northwent. In consequence, ciosinx fig
ures were rvc to So higher than last
night. ,Corn made a net gam of He to '(
ic, oats, 4c to VtC and hog products, 2c
to S2V4C.
There were many reports that the area
of damage to wheat in North Dakota was
preadlng. Other dispatches told of ex
tremely higher temperatures all over the
northwest and declared that the crop In
South Dakota was almost a failure. A
trip in southwestern Minnesota appeared
to be a little, It any, belter. Inn- uuils
also had in their favor the fact that de
liveries were unusually small, only 16.000
bushels, instead of 2.000,000 bushels, as pre
dicted. A decrease In local stocks -at Liver
pool helped to make hull sentiment and so
did less favorable crop advice from Rus
sia. Not all of the advance score was hold,
but the closing tone was firm. September
ranged from WHc to Wto'and in the end
was H6,l4c up at Wo even.
The corn crowd paid mom attention to as
sertions that their pet cereal had suffered
In Kansas from firing. September fluctu
ated between 61 VtC and 62Vto. cloning steady
at 83o, a net rise of KiV"c Cash grades
were firm. No. 2 yellow finished at 08
tj0c.
Profit taking acted as a drag in oats.
High and low points for September were
44o and 44V4C with the close Vo net higher
at 44 V 440.
Provisions swung upward because of
heat lifting the price of corn. At the Jast
bell pork had become more expensive' . by
86o to 32 Vic, lard was 2Vfcc to 6a dearer, and,
ribs were inoreaaed In cost 12ViO to 16c.
trices In cmcsvso, iurmheu u Up
dike Orain company, 70s brandels building,
Omaha: telephone Douglas 2473:
Artleies. Open. Hlgh.j Low. Close. ies y
Wheat I
July...l89H4
Bepi...9':i0
Deo...WVia
Corn I
July...69H'9'l,f
8ept..lVS'!i,!
Deo...00H'olj
89
93
WVil 96Sf 89
2Vk 2l Uii,
B9 60! 6S"
WV 61S Wv
4SVif 43 434
44V4 ttVi&Sli'tl-H
461 46 40V
15 S24 16 65 IS 40
16 62 16 S7H 16 66
27H 8 27V4 8 22H
7V 8 40 8 87
i 8 47V4 8 83 '
60 6 60 8 474
6W!
82
SIV
July...
Sept...
Deo...
Pork
July... Bept...
Lard-July...
4SH 44
UWi 44i
4tVlH 46
15 36 15 65
16 52Vi 16 86
I ni S 27Va
$ 40 8 42
42V4 8 60
l-62Vi 62Vi
Sept...
Ribs
July..
Sept..
Cash quotations were as follows:
FLOUR Steady; winter patents, 34.00
4-45; winter straights, 33.7in4.26; spring
Straight. $4.004. 2i; bakers, 83.40(0-4.60.
RYE No. 8. sic.
BARLEY Feed or mixing, 7&fi85c; fair to
choice malting, 31.00yl.lD.
SEEDS Flax No. 1 southwestern, nom
inal; No. I northwestern, nominal. Timothy.
8.iM!iH.76. Clover. 3ie.26.
PROVISIONS Mens pork, per bbl., 815.75-
ira, pej KM IDS., zs.TTVt. Short
ribs, sides (loose). 87.?5(fj.50. Short clear
ides (boxed), 3s.26ftjK.60.
Total clearances of wheat and flour were
qua! to 200,000 bu. Primary receipts were
716,000 bu., compared with a holiday the
corresponding day a year ago. Estimated
receipts for tomorrow: Wheat, 36 cars;
rorn, 341 cars; uata, 107 cars; hogs, 32,000
head.
Chicago Cash Prices Wheat: No. 2 red
fc8y UeV; No. 3 red. WiVs-VM":; No. 2 hard'
SKWiKilo; No. 3 hard. 87 ttiutWc : No. 1 r,. ,
era spring, 96SpNic; No. 3 northern spring
a4e. Com: No. 8 cah. 61HjUo; No J
cash, 6tpWo; No. 2 white, 6ay0c; No 3
wbiii, unswwTru, no, yeiiow, bsViuOOc'
No. 3 yellow. 6W6!)Vc. Oats: No. i h,.'
46Vo; No. 8 white. 43,44Vo; No. 4 while'
JnfcMVjo; standard, 44a4a '
BUTTER No afficlal quotations Satur-
oayn aurins uir anu August.
KOQS Not quoted: reoe uta. lO fltfi
CHEESE Bteadv; daUles, U3uue:
twins. ii'Ui-"c; young Ameri-ar, 12o: lone
pt)TAToES Easy; old. 31.10W1.15: n..
84"t4 60.
POL'LTRT Weak; turkeys, 12c; chickens
list's, llVtc; rprings. 17c. '
VKAL Stesdy; 60 1o fO lb.. 8'ctJc; 60 to
85 lbs.. 9Vil0c; 86 to 110 Iba. 11c.
Chicago Receipts Today : Wheat, 36 cars'
oorn. 2&1 cars; oats, 110 cars. Estimated to
day: Wheat, 36 cars; corn. 241 cars; oats,
lo? cars.
St. Louis General Market.
ST. LOUIS, Mo., July l.-WHEAT Cash,
lower; track: No. 3 red, 8j37c; No. 3 hard
k'Ulc. Futures, weak; July, 6ic; Sep
tember. 87e.
CORN Higher ti-sck: No. 2. Cl(9G2c; No.
I white. 61Vtnv:c; July. 60-c.
OATS Steady ; track: No. 2. 44c; No. 2
White. 46Vc; July. 43'ac.
RYE Lower; 92c.
FLOUR Firm: red winter patents, 34 25
94.40; extra fancy and straight, 33.60jj4.2O;
hard winter clears, $2.Vr)S.00.
SEED Tlmothv. 8.0uu9.6u,
CORN M EAL $2.60.
BRAN Wsak; sacked, east track, SScff
fl.06.
WAY Market firm; timothy, $19.00tf25.00;
prairie. Ili tMu 1S.00.
PROVISIONS pork, unchanged; Jobbing.
$14 00. Lard, unchanged; prime steam, 83. lu
8.20. Dry salt meats, unchanged; boxed,
extra shorts. KfciV,; clear ribs. $8.ti2Vi; short
clears. 8900. Bacon, unchanged; boxed, ex
tra shorts. 89 C!V; clear ribs. 39 2V; short
clears, $1" 00.
BUTTKR Firm; creamery. 19i&aV4c
PoLLIKir J-lrm; cniukeus, luc; sirlogs.
irHo"ir: turkeys, UHgiSVtc; ducks. c;
geese. Sc.
Receipts. Shipments.
7.) 61f"J
m.(o 7.o"o
X2.00 3fi.O)
60.000 66,0110
Flour, bhls
Wheat, bu
Corn, bu
Oats, bu
NEW YORK GENERAL MARKET
Qaotatloas of tho Day oa Varloae
Cosaxaodltlea.
NEW YORK. July 1 FlOT'R Blesdy;
spring patents, $4 f"ii5 16; winter straights,
l.i OWi-4.10 winter patents, 84.204i4.M; r. ring
clrais, 83.7644.10; winter extras No. 1, 83.3a
j3.Sii; winter extras- No. 2. 83. 1.3.26 ; Kan
eas etralghta. 84.1iv,,4 26. Rye flour, steady;
fair to good, 1600$. 20, choice to fancy, 86.30
tlfi 40.
CORNMEAD Firm; fine white and yel
low, l.AKUl io; coarse, 8116(8.20; kiln dried,
83.30.
WHEAT Spot market bsrely stesdy; No.
2 red, HU,r, elevator, and 4jc, f. o. b.
afloat. No. 1 northern Duluth, 8105.
f. o. b. afloat. Futures market covering
for the holidays for the unfavorable crop
news from the northwest kept wheat firm
today and It closed partly lc net hlghr.
July closed at 91V:, beptember at 96So and
December at 98e.
CORN Hpot market firm; ejeport, new
No. 2, 664r, f. o. b. afloat. Futures mar
ket was strong and lo higher on bullish
crop news. July otosed at 4c, Beptember
at w'.c and December at 68Vc.
OATS ripot market steady; standard
white, 60c; No. 2, 60c; No. 8. 4Hc. Futures
market was without transactions, closing
nominal. ,
HAY-Bteady; prime, 81 40; No. 1. 8186;
No. 2, 21 . 16(81.20; No. 8, Rb&Wc.
HIDES viulet; Central America, TOc;
Bogota, 21V4Q'224o.
DUATH&lt Firm; hemlock firsts. 24VW9
27c; seconds, 22(2Vc; thirds, lit'Mc; re
jects. 144J1&C
PROVISIONS Pork, steady; mess, 817.60
eil8.00; family, 818.00(31.M; short clears,
316.76il7.H). Heef. steady; mess, 811 009
8)1.60; family, 812.004jl2.6O; beef hams. 827.60
(729 60. Cut meats, firm: pickled bellies, 10
to 14 lbs., 81OOO13.00; pickled bams. 114 00.
Lard, firm; middle west prime, 88.26i88.46;
refined, firm; continent, 88.70; South Amer
ica, S.66; compound, 87.2VviJ7.871-k.
TAUDOW Steady; prime city, hhds.. 6c;
country, 6Vxdc
BUTTER Steady ; creamery specials, 26c;
creamery extras, 24c; creamery firsts, 21 H
02c; creamery seconds, 201j;21o; creamery
thirds, 181e; process specials, 20Hc; preo
m extras. 20c; process firsts, lHuln;
prccens seconds, 1717 He; factory thirds,
16Hfil4c.
KOQS Steady; fresh gathered, extra, 20
922c; fresh gathered extras, firsts, 17018c;
trenh gathered firsts, 16tfli)o; fresh gath
ered thirds and poorer, 12c; fresh gath
ered dirties. No. 1, 1212V4j0.
POULTRY A live quiet; western spring
chickens, 23c; fowls, HVjjJlSc; turkeys, lie
Drersed. stesdy; western broilers, 16 (g 26c;
fowls, UVitfUc; turkeys, lSU16c.
OMAHA USNERAt. MARKET.
BUTTER Creamery, No. X, delivered to
the retail traus In 1-lb. cartons. 26c; No.
2, In 30-lb. tuba, 23c; No. 2, In 1-lb. cartona,
3c; packing stock.- solid pack, lCVsc; dairy.
In 00-1 b. tubs, 19( 20c; market changes every
Tuesday.
CHEESE Twins, 14Vic; young Americas,
17c; daisies, 16c; triplets, 16c; limberger,
ttic; No. 1 brick, 16c; Imported Swiss, 32c;
domestic Swiss. 20c; block Swiss, 18c.
POULTRY Broilers, 83c per lb.; hens,
13 Vic; jweka, 9c; ducks, 20c; spring ducks,
2c; geese, 16c; turkeys, 24c; pigeons, per
Uos., 81-60. Alive: Broilers, 20c; smooth
legs, 17c; hens, 10c; old roostsrs, 6c; old
ducks, full feathered, 10c; geese, full fea
thered, 6c; turkeya, 12V4c; guinea fowls, 16c
each; pigeons, per dos., 60c; homers, per
dux., 83.0u; squabs. No. 1, per dos., $1.60; No.
2, per doz., 60c; hen turkeys, 16c f
FISH tall froxen) Pickerel. lOo; white,
16c; pike, 14c; trout, lib; targe crappies,
Wy'Mc; Spanish mackerel, 19o; eel, 18c; had
dock, 13c; flounders, i3c; green catfish. 10c;
roe shad, 90 each; shad roe. per pair, 40c;
frog legs, per dos., 36c&43.00; salmon, 10c;
halibut, u; yellow perch, 8c; buffalo, ic;
bullheads, 14.
BEE?-CUTS Ribs: No. 1, lie; No. 2, 12c;
No. 3. 10-c. Loin: No. 1, 16c; No. s. 12c;
No. 8, 13c. Chuck: No. 1, tic; No. 2, 6Vc;
No. 8, 6c. Round: No, L lOc: No. 2, luc;
No. 8, 9VaO. Plate: No. 1. c; No. 2, 4V4c;
No. 1. 40.
FRUITS Apricots: California, por crate,
$2.M. Bananas: Fancy select, per bunch,
82.2602.60; Jumbo, per bunch, 82.76(93.76.
Cherries: Home grown, per 24-qt. case, ILJi
iji.iiO. Cantaloupes: California, standard, 46
count. 83.o0'a3.26 per crate; pony crate, 64
count, 82.6uvj2.70. Dates: Anchor brand,
new, 30-lb. nkgs. In bozos, per box. 32.00.
Gooseberries: Horns grown, per 24-qt. mm
.60. Lemons: Lltuonolra brand, extra
lancy, 300 size, per box, 87.60; 3t0 else, per
box, 8S.00; Loma Llnwnelra, fanoy, 3W
lie, per box, $7,001 30 size, per box; 87.60;
24U sizes, ooo per bos ess; Cymbal brand,
m-'JM alzes, per box, $.757.O0. Oranges:
Cornelia Kedlands Valenclas, all eises, per
box. 44.00; fsncy Valenclas. 80-90-136 sizes.
$3.76. California Jaffa and Mediterranean
sweet oranges, 176 and smaller slses, per
box, $3.60. Peaches: California, per box,
$1.60. Plums: California, per crate, 8I.De
pineapples: Florida, 24-80-86-42-48 slses, per
crats, 83.26. Red Currant: Par 24-qt. case,
62.60. Strawberries: Hood River, per 24-qt,
case, 84.00. Watermelons: Texss, per lb., to.
VEUKTAJiLiaj-OMiui Hiring and wax,
per hamper, 82.60; per mkt. bk.. eoc(3Loa.
Cabbage: Home grown, per lb., 6c. Cuoum-
bers; Hot house, m ana i aos. in box, per
box. 31.76ig2.0O; home grown, per mkt. h.k
of about 2 dos., 2160. Egg Plant: Fancy
rionaa, par uus., ti.v.w. uaruc: isxtra
fancy, white, per lb., Uo. Lettuce: Extra
fancy leaf, per dos., ftc. Tomatoes: -Texas,
psr 4-bsk. crate, 90c(LO0. Radlsheav Per
dos., SOc. Onions: Texas Bermuda, white,
Kr crate, 82.26; yellow, per .crate, 83.00.
irsley: Fancy home grown, per dos.,
bunohes, 46c. Potatoes: Wisconsin, while
stock, per bu., $L36L50; new, stock In
sucks, per bu., $2.00.
MISCELLANEOUS Almonds: i-alirnenl
soft shell, per lb., 18c; In sack lots, lo less.
Brazil jnuis: ror id., mo; in sack lots, la
leer. Filberts: Per lb.. 14c; In sack lots, lo
leaq. Peanuts: Roasted, per lb.. 8c: raw
per lb., Vc. Pecans: Large, per lb., 16c; In
kack lots, lo less. Walnuts: California, per
iv , uc; in suck iois, ia less, tioney: Mew.
t'. frames, 83.76. .
Cora and Wheat Regloa Dallotla.
Record for the twenty-four hours andlns
at 8 a. m. Saturday, July L 1811:
OMAHA DISTRICT.
Temp. Ral te
stations. Max. Mln. fall. f:kr.
Ashland. Neb;...K'2 77 .00 Clear
Auburn. Neb 101 75 .00 Clear
Columbus. Neb.. 98 75 .00 Cler
Culbertson, Neb. 100 68 .00 Clear
rairbury. Neb.. .108 76 .00 -Clear
Fairmont, Neb. .100 76 .00 Clear
Or. Island, Neb.. 101 77 .00 Clear
Hartlngton. Neb. 98 7! .00 Clear
Hastings, Neb... 99 76 .00 Clear
Holdrege, Neb... 9 75 .00 Clear
Lincoln. Neb 100 79 .00 Clear
No. Platte. Neb. 96 74 .00 Pt. cloudy
Oakdale. Neh.... 98 74 .00 Clear
Omaha. Neb 99 DO .00 Clear
Tekamah. Neb.. .102 6!) .00 Clear
Valentine. Ncb.XiO 72 .12 Pt. cloudy
Sioux City, la.. 98 71 .09 Clear
Alta. Ia 9 74 .00 Clear
Carroll, Ia 98 74 .00 Clear
Clarlnda. Ia 98 71 .0 Clear
Sibley. Ia 97 78 .00 Clear
Minimum temperature for twelve-hour
period ending at 8 a. in.
DISTRICT AVERAGE.
No. ot Temp. Rain
Dlitilct. Stations. Max, Mln. fall.
Columbus. 0 17 86 6) .no
Louisville, KV 2J 90 62 00
Indlanapolla. Ind.. 11 90 64 . 00
Chicago. Ill 25 96 68 .00
St. Louis. Mo 26 98 70 .00
!' Moines. Is.... 21 98 74 .00
Minneapolis, Minn. 30 94 73 J.M
Kansas Cltv. Mo.. 24 98 74 .00
Omaha. Neb ; 18 10) 78 .10
The weather continues very warm
throughout the corn and wheat region and
temperatures of 100 above were general In
the western districts durins- the last tw.n.
ty-four hours. A rainfall of 1.80 inches oc
curred at Pembina. N. D.. and some light
and scattered showers occurred at points
In the extreme upper Missouri valley.
L, A. WEIJH,
Local Forecaster. Weatnar Bureau.
. Minneapolis Grata Market.
MINNEAPOLIS, July 1. WH EAT July,
iSc; September, 9tiHe; December, 97Vt
le; No. 1 hard, 9Sto: No. 1 northern, 97V4
ttSa; No. 3 northern, 93V39irtc; No. 3.
FLAX Closed. $2.05.
HA RLE Y 6r9?c.
CORN No. 8 yellow, 60ffOOUo.
OATS No, 3 white. 42Vrii43c.
RYE No. 3. SSc. .
P RAN $19.00 19.56.
FLOUR First patents. $5.0056.20: second
second clears, $2.3652.60.
Liverpool Grata Market.
'LIVERPOOL July 1 -WHKAT-Kpot.
stesdy; No. 1 Manitoba, 7s 6d; No. 2 Mani
toba. 7s 4.1 ; No. $ Mn toba. 7s lVd- fu
tuies firm; Julv. 6 1V1; Oc ober. 6s 'aid
December, 6s 84. '
CORN Spot nrm; new American, no
tick; old American, mixed, 6s 4 VI; nw
Anurican, kiln dried. 4s lid; futures firm
July, 4s lVvd; September, 6s 2d. '
Dalath Grata Market.
DULUTH. Julv 1. WHEAT No. 1 north,
ern, 97V.C No. 2 northern, 94V.tcWVc; July
S;VhC bid: BeptemtMtr, 87 0 asked.
OATi t20.
NEW YORK STOCKS AND BONDS
Investment Business Quiet, but More
Activity ii Expected Soon.
CHOP SITUATION IS FAVORABLE
pecnlatloa Corned la Moat Dlreetlone
bat Statistics Reflect Splendid Con
dition, with a Record Volasao
of Export Baslaeae.
NEW YORK, July 1. (Special Telegram.)
The Union I'sdflo decision lost moat of
Its Influence this week as a stimulating
lector in the stock market and there was
some reaction from the high point made on
the court's ruling under a spell of rather
liberal profit taking. The snarp advance
that followed the decision made an excel
lent basis on which to unload stocks that
had been waiting for a good market. AS
time wore on It was plainly developed that
leading Interests were not disposed to
start a regular bull campaign until the
outturn of the harvests were better de
fined. This caused speculation to drift Into
a narrow and professional rut with rapid
changes, chiefly within clrcumschlbed lim
its. However, the market showed a good
undertone, with the average prices Dttle
changed from a week ago.
Investment business has been rather
quiet, but more activity Is expected with
the large July outpouring of interest and
dividend money. The crop situation, as a
whole, was more favorable than last week,
and this was an Inspiration In mercantile
circles where the outlook for tho harvests
Is regarded as warranting active prepara
tions for the future.
If Congrens Wonld Adjoara.
Some of the most prominent merchants
In the uptown districts this week ex
pressed the opinion that if congress could
be Induced to adjourn there would be a
prompt revival of prosperity, which might
drift Into a trade boom before another
session would convene. The basts for this
opinion Is the fact that the stocks of mer
chandise of all kinds are unuaually light,
and anything like a return to a normal de
mand for consumption would Immediately
start up the many Idle spinners ol New
England and the south, thus giving em
ployment to numerous wage earners now
out of work and in every way benefitting
the general situation.
Speculation has been curbed In most di
rections. The banking Institutions of the
nation are In a very strong position and the
statistics of the fiscal year Just closed
when made up will reflect a splendid condi
tion of external commerce as a whole, with
a record volume of exports. Cotton and
railroad and other corporation bonds have
been largely responsible for the remarkably
favorable situation ol our foreign com
merce. Cottoa and Bonds.
For the fiscal year the exports of cotton
have reached the money value of SOO.ooo.OOo
and Europe in the last six months has
taken over $300,000,000 of American bonds.
Thus the southern staple and bonds have
been responsible for practically 81.000,000,X)
of American credits abroad. This large
volume of credits has prevented exports of
gold, which were over 880,000,000 In the pre
vious fiscal year, and which then led up
to high money rates when the movement
was in i active progress. The Importance of
this change In the commercial relations of
the country with foreign nations Is readily
appreciated by bankers and merchants who
are now looking to the future with blighter
hopes.
In the Industrial world the most cheerful
Incident of the week was the further pur
chases of steel products by the railroads.
The dally bookings of the United States
Steel corporation rose above 30.000 tons and
the mills are now working over 70 per cent
of finished capacity, a gain of 8 per cent
in two weeks.
This Improvement In the condition of the
country's baalo Industry was natucally
viewed with much satisfaction In all di
rections. '
Report oa Idle Cars.
The dlrc'osure made by Herbert D. Knox
Pniitn In his report on the Un.tcd btatej
Steel corporation to the effect that l'ss
than half of the total capitalisation of the
concern represented Its tangible property
had absolutely no effect on the stock mir
ket today except to cause some scattered
buying of Steel after the opening. This
buying Instead of selling on the report the
government probably did not expect. The
street figured, however, that now that
Steel had been "exposed" there was no
further need of apprehension. This buy
ing in Steel sent the price above 79, from
which It reacted later to around yesterday's
closing. Tne Erie Issues continued to ad
vance on the report that the road was to
be affiliated with Canadian Pao flo. A dis
patch from Montreal today lendi plaufl
b.Tty to the report.
-Neither the advance In Bteel, however,
nor the continued strength of Erie Issues
had any effect on the rtst of the 1st. At
tendance on the floor of tho exchange wai
light and trading took on a holiday ap
pearance. Erie reacted later on profit
taking, but the closing was firm.
The fortnightly Idle car report shows a
decrease In the total surplus of 3,072 oars.
The surplus is now 168.170, compared wtth
166.802 June 7 and 167,388 on May 24. Re
ports of gross earnings for the last week
or two show a more perceptible decrease,
as compared with a year ago, than the
gross of previous weeks, but the fact that
the crops will soon begin to move Is as
surance of a turn for the better.
Nuuibsr of sales and leading quotations
cn stocks wore as follows:
sates. Hlsh. Low. Close.
AlHe-Chalnnra pfA ..
Amalaamatad Copper
03 NT, . MV,
4W,
61
61
10
MM
H
26 V
12V,
U
lev,
TH
ltNV,
American Agricultural . . . .
American Boot Sugar. ......
00
100
100
61V, 13H
MS, M
Amort can Caa ,
Amarloaa C. F
American Cottoa Oil
American H. A L. pfd....
Am. Ico securities ,
American Llneoed
American Locomotive ......
American 6. A R. ,
Amerloan 8. A It. pfs ...
Am. Stool Foun1rleo
Am. Sugar Refining
American T. m T ,
American Tobacco pfd
A mart can Woolen
Anaconaa Mining Co
Atchlaoa
AtuhlRon pfd
Atlantic Coast Line
Baltimore A Ohio
Bethlehem BUMl
Brook Irs Rapid Tr
Canadian Paolfle
Central Leather
Central Leather pfd
Central ot Now Jersey
Choaapoako A Ohio
Chicago A Alton
Cblease Great Western....
Ch lease O. W. ofd
Chicago A N. W
Chicago. M. t. F
C C, CT A St. L.
Colorado F. A I
Colorado A Southern
Consolidated Oaa
Corn Products
Delaware A Hudson
Dourer A Rio Orands
P. Ar R O. prd
Distillers' securities
Erls a-
Brls 1st pfd .T,
Erls Id Btd...fT.
General Bloetrlc
Great Northsrn pfd
Great Northern Ore ctfs...
Illinois Central
Interborouih Mat r.
Int. Met! pfd
International Harvester ...
Int. Marine pfd
Intsrnatlonal Paper
International Pump
Iowa Central
Kansas Cltr Southern
K. a go pfd
.1
100
40
7V
0
7V4
so
100 1KV, 116V. 118
00 llrVs UVa 1V
6W
1
' 40V1
1.400 luvt ant 111
101V,
' lnvi
100 10Vk 109 V, 101
svi
MO II V, ti
tO0 ll Ml
I1H
141 H
l
IM
1,100 I3V4 81 U
It
too 11 V 11 Vt 1U
tOO 4 6 44 V4
147
400 117 ItH I"1
- M
- 4V
64
100 14t 144 146
14
170
, n
100 (7 67 61
'
I, WW l 17 17
7,100 (1 SOVi (0
1.S00 4 4 4
10 lIVi 1(1 11
400 117 117 irr
00 M (0 (IV,
141
100 17 17 17
100 60 M 60
, 111
V
11
M0 41 41 41
1
100 (4 14 4
100 M 7
KM 107 107 107
10) lot 160 160
luO II (1 II
00- 14 141 14!
400 M 14
M
IN N 60 4
111
10 66 66 66
oo n li io
1.600 lWi loe lo
100 46 4K 46
100 109 10 I0
71
400 116 14 1(4
11
1.100 114 114 114
10
4
1
1
lsl
KO ! M
ito u KH
10
too it n ti
&
100 44 44 44
11
io it ie
4
4. inn n: iri
Laolede Gaa
Loulsellls A Nashville....
Minn. A 8t. Louis
M . &t P. A S. S. M
Missouri K A T
M . K. ft T. pfd..
Missouri Psslfle
National Biscuit
National Lead
N. It. R of M. Id pfd....
New Tork Central
N. Y.. O. A W.
Norfolk A Western
North Americsn
Northern psclfle
Pacific Mall
Peonsylsnta
People's Oaa
P., C . C. ft St.- L
Pittsburg Coal
Pressed Steel Car
Pullinsn Pelaee Car
Riliwajr Steel Spring
Heeding
Republic Bteel
Republic Bteel pfd..,
Rock Island Co '
Rsck Island Co pfd
St. L. A 8. K Id pfd
St. Louis 8. W
St. L. B. W. pfd
SIoj-Sheffield a. A I
southern Pacific
Southern Railway
So. Railway prd
Teaneeeea Copper
Teass si Pacific
T , eu L. A w
T . 8t. L. A W. pfd
I -ion Pacific
I'nieo Pacific pfd
Veiled States Realtr
foiled States Rubber
t inted States Steel
t'. S. Steel pfd.
rtaa Copper
Va. -Carolina Cham leal ...
Was.:sh
M0 11 11
IIS
100 41 41
41
!
M
4i
on n
tt 41
4 KM is
11
1U 1M
lot 4 4
V......
4
MVi
41
M.TOt T 71
'
400 ii ins nets
, 1.1(10 4 4 4
40 66 t
let M 14
1
M
Wasaah pfd
Wsstsra Maryland IMS
setiughouee a4solrM)
61 tt
Weotare t'alo n T T 71 H
Wheeling l B f I
Lehtjh Vlley - MS 1TH 171 178
Total salts fnr the lar. N.TO shame.
New York Meaey Market.
NEW TORK. July 1. MONET On call,
nominal; time loans easier; sixty days, !V8
2 per cent; ninety days, S&8 per cent;
six months, S''&JSc.
PRIME MKHCANTILE PAPER 44H
per cent.
UTKRI.INO ECCHANQIS Weak with ac
tual business In bankers' bills at 84.84 for
ixty-day bills and't4.8610 for demand. Com
mercial bills, 14. M.
PILV'ER Bar, ttc; Mexican dollars. 450.
BONtS Government, steady; railroad
firm.
("lowing auotattons on bonds were as
follows:
V. 8. ref. 8a, re. ..! lnt M. kt. 4e ... 47
do eeupsa lo Japan 4s
V. S. St. res Ml so 4s H
4s roupsa 11 K. C. So. 1st Is 14
tj. 8. 4a. reg Ill u 8. deb. 4a 1M1... esy,
do eousoa 114 U ft N nl. 4a H
Allls-C-hal. let la.... 77 U . K. A T 1st 4s . 17
Am. A. Is 11 egg m 4Va I?
Am. T. ft T. or. 4S.110, eMo pacific 4a 77
Am. Tobacco 4a. it N. It R. ef M. 4s 1
do ss 10.1 N. y. c, g. . r.
Armour A (.lo. 4a.. do deb. 4s...- M
Atehlsoa gen. 4a It x. T.. N. H. A H.
do CT. 4S Ill ,T. S 11?
do v. la 111 eN. ft W. 1st o. 4a.. W
eAtlantls C L. 1st 4s K d re. 4s 10
ft O. 4a Mo. Pacific ia. r
e la n de as 11
do S. W. Is 1 o. 8. L. rfdg. 4s ... 4
Brook. Tr. or. 4a.... M pnn. cr. la 118.. H
Cos. at Oa. 6s lo So, cm. to 101
On. LMther 6s es Raadlna gee 4s 11
C et N. J. a. 6s... 111 at. L. A 8. P. fg. 4s 11
dies. A Ohio 4e...l01 do gen. s
d ref. 6a. M n. U 6 W. t sa... M
Chicago ft A. le.. 7 do 1st gold 4a 11
C. B. A Q. 1. to... 7 8. A. L. to M
do gen. 4s bo. rsa ml. to..... M
C.M. A S-P. g la M, do CT. a, M
C. K. I. ft P. s. to. 74 de 1st ref. to W
do rtg. to So, BWIIwar 6a..,....10
Olo. Ind. 6s. u de gsn. to 7
Olo. hod. to 41 Vnloa Part no 4a. ...11
a ft B. r. A s 4s M o cv. 4s. io
D. ft H. ct. to ss do 1st A rot. to... 7
eD. A R. a, to..... l V. 8. Rubber to.. ..104
do ref 6a i V. 8. Steel Id 6e....in
Plstlllers' Is 71 Va.-4r. Chem. la.. loo
Kris p. L to M ew abash 1st to. 101
do gea. 4a. ! do let ft ex. 4a....
do t. 4s, sar. A..- M Western Md. 4a 17
do series B West. Bloc. re. la... K
Gen. Klao. ct. 6s ... 164 Wla Csntrat to 9
1U. Cm. 1st ref. to s Mo. Pac. ee. 6a sj
Int. Met. 4s 71 Panama la 101
Bid. uirwed.
Clearing Hooee Bank Statemeat.
NEW YORK. July 1. The statement of
clearing house banks for the week shows
that the banks hold 8K1.2&4.150 more than
the requirements for the 26 Der cent re
serve rule. This is a decrease of 86.681,260
In the proportionate cash reserve as com
pared with last week. The statement fol
lows:
DAILT AVERAGE.
. Decrease.
Loans $1,973,183,000 esiS.Slfi.OOO
Specie 38D.906.0M 1,396.000
Legal tenders 83.632.000 287.000
On deposit with clear
ing house members
carrying 25 per cent
cash reserve 75.810.000 1,140,000
Net deposits 1.870.218.000 eii 4.T7.006
Circulation 46,538,001) 615.000
Aggregate lawful re
reserve 548,848.000 1,822,000
Reserve required .... 467,631,760 2,8o,2fiO
Excess lawful reserve 81,294,250 6,681,250
Increase.
ACTUAL CONDITIONS.
' Increase.
Loans 82,KW.675.000 847,lM,eOO
Specie 867,107.000 25,rO7,O00
Legal tenders 83.130.000 2.071.000
On deposit with clear
ing house members
carrying 26 per cent
cash reserve 79,817.000 7,678,000
Net deposits 1,881.564.000 17,996,000
Circulation 46,638,000 18,000
Aggregate lawful re
serve 630,154,000 30,300.000
Reserve required 470.301,000 4,496,000
Excess lawful reserve 69,763,000 24,789,000
Decrease.
Summary of state banks and trust com
panies in Greater New York not rsnnrtins
to the New York clearing house:
Incresse.
Loans . 8622.641,800 81.198.900
Specie 64.632,200 564. 600
Legal tenders 12.608,700 74H.400
Total deposits 727,840,800 7.462,700
Decrease.
London Stock Market.
LONDON, July L American securities
were steadier on trie stock exchange here
today and closed a fraction over parity,
with the exception of United States Steel,
which showed a loss of v,. . -
Consols, mooey 7 Loalsrllla A n!.....1
do aocoant t M.. K. A T. ........ 17
Amal. Copper.. 71 N. T. Oatral ..Ill
Anaconda 1 Norfolk A W 113
Atchison r.U do pfd M
do pfd 106 Ontario A W s
Baltimore ft Ohio. ..Ill Pennsylvania a
Canadian Pacific. ...141 Rand Mnso 7
?henpsake A 0 64 Reading ............ tl
Chicago o. W 11 Bouthom Ry 11
Chi., Mil. A at. P..l de pfd 14
De Boon 11 geU,hsrn Pacific 1M
DcnTsr A Rio 0).... 11 Union Pacific 164
do pfd 66 do pfd rr
Kris It p. . stool
do 1st pfd 1 do pfd 111
do Id pfd M Wabasn IT
Orsnd Trunk f do pfd....' 87
Illinois Central .146
8ILVER Bar, quiet at 24d per ounce.
MONEY m por cent
The rate of discount In tho opan market
tor short bills Is 2H per cent; for three
months' blls, 2 3-1 6 2 14 per cant.
Local Beesirttles.
Quotations furnished bv Burna. Rrinkor a.
Co., 449 New Omaha National bank build
ing, Omaha:
Did. Asked.
Beatrice Creamery Co .. so i
California O. A B. 6s. HIT M M
CHr National Bldg.. pfd r-- lot
Corn Exchsnge Bank stock 11
Council Bluffs, la., 4s. Ill 101 101 M
City of Omaha School 4a. 1M1 104 104
Cudshr Packing Co. 6a, 1K4 rS
rairmont tmmtrr 1st g. a nor Cent.. ss JOO
Pslrmont Creamery pfd, T per osnt.... M jog
Ksnsas O. A B. Co. 6s, 1KI M M
Kansas Cltr 8. D. 6a. 1H1 loou. 101
Omaha Water ta, 1644: M sg
Omaha A C. B. Bt. Rr. to. 128 M 17
Omaha A C. B. St. Rr. pfd, 6 p. c. 11 81
Omsha A C. B. Bt. Ry., com (7 M
Omaha ft C. B. R. A B 6 T
Omsha Oaa 6a, 117 M t
Omsha CLIP. 6s. Ittl M M
Omsha B. L. A P. pfd 11
Packers' Nst. Bank stock. So. Omaha.. IX 160
Pacific O. ft B. 6s, 1U7 100 101
Bloui City Service Co. la, 1M 96 t
So. Oal Edison 6a. Ill 100 101
Sherldsn Coal pfd t 100
lalon Stock Tarda stock.... M It
t'nlos Stock Tsrds 6s. Ml n 100
Trt-Clty Ry. ft Lt. pfd M M
Boston Stocks and Beads.
BOSTON, July 1. Closing quotations on
necks were as fonotta.
Allousi II Mohswk 4
Anil. Copper Nerada Con 11
A. Z. L ft 8 17 Nlplsslng Mines .. 1
Art sons Com 1 North Bulla II
Atlantic 4 1-11 North Lake
B. A C. C. ft A M. 14 Old Dominion 47
Butte Coalition lt Osceola lol
Csl. ft Arlsona 67 Parrott 8. A C II
Cel. A Hscla 410 tjulnnr 11
Centennial 11 Shannon 11
Bast Butts C. M.... 11 Superior II
Franklin II Superior A B. If.... T
Olroul Con. Superior A P, C 14
Ore n by Con It Tamarack 16
Orecne Csnsnoa .... T ee,t. g. g R. J, vt.. 17
Ialo Roys Is Copper.. 11 1o pfd 41
Kerr Lake Vtah Con II
Lake Copper, 17 L'tsh Copper Co... 46
La Salle Copper 1 Winona
Miami Cor. per 21 Wolverine Ill
Did. Ks-dlTldend. Asked
New York Carls Market.
The following quotations ar furnished
by Logan A Bryan, members New York
Mock exchange, 3lo South Sixteenth street.
Bay Stste Oas K Ner. Cons 11
Butts Coalition .... 16 Kswhouso 71
Chlsf Cons 1 1-U Ohio Copper 1
Peels-Dsl- 11 Ray Central 1
Franklin 11 awlft Pkg. Co 101
Clreus IS Superior A Pitta Surg 14
Greene Csnsnoa .... 1 Trinity Copper 4
Inspiration 1 United Copper II
Lai oas lit,
New York Mtatagr Stferlca.
NEW YORK. July L Closing quotations
on mining stocks were:
Alice la) Little Chief 8
Com. Tunnel stock.. M Mszlcas 440
do aonds U Ontario m
Con. Cal. A Va 14S Ophlr 106
Horn SilTsr 10 BUndsrd let
Iron Btleor M Yellow Jseket 40
LesrlTllls Com. 10
Offered.
Kaasas City Grain aad Provlaleaa.
KANSAS CITY, July L WHEAT Un
changed to lc lower; No. 1 hard, afrQOOc;
No. 3. ((if8c; No. 2 red, 83to64c; No. 3.
tCZifie; Julv, 86c; September, fcac bid.
CORN 1 nehanged to lc higher; No. 2
mixed, 62c; No. i. 61c; No. 2 white, 63c;
No. 3, tlWiKZe; July, cc sellers.
OATS Cnchanged; No. t white. 47Va
47 We; No. 2 mixed, 4(1 46c.
RYE 65 91c.
HAY Unchanged to Soc higher; choice
timothy, tU.Ovu 18.00; choice prairie, 16U
617 00.
BUTTER Creamery. 82c. ft rate, 18c; ac
onds, 17c; packing stock, 16Vc.
EGOS Extras, 17ttc; firsts. 14VtC; sec
onds, 8c.
Receipts. Shipments.
Wheat, bu 1660HO 17,000
Corn, bu 82.0UO ao.(0
Oats, bu 10.U00 I6,0u0
. i
asrar Market
NEW YORK. July 1. BUG A R Raw,
firm; muscovado, 88 test, 3.4Sc; centrifugal,
84 teat. 8.96c; molasaes, 89 test, 8.23c Re
fined, steady; crushed, A74es; granulated, ic;
powdered. t-iOo.
OMAHA LIYE STOCK MARKET
Good Fat Cattle Art Higher for the
Week.
HOGS MAKE GOOD WEEK'S GAIN
Pat Sheep aad Ltuaka la Moderate
apply All the Week, While the
Price Shaw Sons Little
Improvement.
SOUTH OMAHA. July L 1911.
Receipts were: Cattle. Hogs. (Sheep.
Off.clai Monday 4.180 8.808 8,31
Official Tuesday 8,44 18,828 t.168
Official Wednesday 1.266 18.144 4.078
Offcllal Thursday 8-100 12,4 l.O
Official Friday 1.808 S.t2 e.848
Estimate Saturday 2b4 8, MM
Six days this week....l7,M 2JM t3.0GI
Same days last week. ...18,418 69.707 10.887
Same days t weeks ago..l8,l8 88,874 15.8M
Same days 8 weeks ago.. 17,826 88,867 lu.o
Same days 4 weeks ago..l4.847 88.744 15,186
Same days last year... .11.884 68.608 18.371
The following table shows ma roaseiota i
cattle, hogs and sheep at South Omaha for
tne year to caie as compared with last
J'ear: in. islO. lno.
Cattle 497,66 47LU1 K.M4
Hogs L4,6(4 1.120,861 186.828
iheep 771.043 681,684 78.848
The following uble shows the average
Prices on hogs at South Omaha for the
t several days, witn comparison! t
Dates. 1911. U10.1908.l08.1807.180J.li.
June II..
June 22..
June 23..
June 84..
June 26..
June 26..
June 27...
June 28...
June 29...
June 80..,
July 1...,
in
22
6 20
9 401
i 19
S 13
C It
i 24)
s
t 19
t 82
f 34
t 22
5 08
f 21
1
16
9 24
9 20
11
6 13V I
9 121
fOSiil
1 00
8 98
2S
9 02
87) 8 90) 7 2 ( 95
Sunday.
Receipts and disposition of live stock at
the I mon Stock Yards, South Omaha, for
the twenty-four hours ending at P. in.
yesterday:
RECEIPTS CARLOADS.
C. M. A St. P..
t-ame. nogs. Bneep.H'r a.
Wabash
MlHsourl Pacific ..
Union Psxclfin
1
1
18
4
32
6
1
29
1
1
t
O. A N. W.. eaat.
C. A N. W west
C. St. P. M. A O..
C. B, A Q east..
C. B. A O.. west..
1
10
C. R. I. A P.. east
C. R. I A P., west
Illinois Central ..
C. O. W..
Total u 104 ..
DISPOSITION HEAD.
, . Cam :ce:s. 6heep.
Omaha Packing Co .....
Swift A Company l fwo
Cudahy Packing Co 1,749
Armour A Co ?.162
Schwarti-Bolen Co 286
Murphy
Cudishy from K. C 160
Totals 150 7,623 ....
CATTL-There were a few cattle hers
today, but not enougn to make a market
or Interest buyers to any great extent,
ror the week receipts have been very lib
eral, rhowlng a large gam over last week
end a year ago. on the other hand the
total receipts for 11. ; month of June have
shown a heavy falling off, being the small
est of the year tnus far, with the excep
tion of April.
Desirable kinds of fat cattle have been
very free sellers all week, wtth prices
tteatllly tending upward. At the close of
the week good steers are 15&'26c higher
than a week ago, the advanoe being the
most on the desirable kinds. Common and
Inferior kinds, on the other hand, have not
shown mucn chonge, the spread between
the two being greater than It was a week
ago.
Cows and heifers carrying flesh have also
been free sellers throughout the week,
with prices at . the close around l(jr2&c
higher than one week ago. On the ether
hand the common and Inferior grass cows
and heifers that coma Into direct competi
tion with the cheaper southern grass cattle
have shown llttls or no Improvement, (ban
ners also have remained prac.lcally - na
tions, selling now about where they did
a week agYK ,; . i : ''.,'. v 1 v . -
The market on Hookers and feeders has
been without noteworthy change this week.
Dry pastures ana uncertainty as to the fu
ture of the corn crop has made the de
mand very light, and the country has not
been at all anxious for either stock cattle
or feeders. Fortunately the receipts have
been very moderate, so that the market
has continued In a quiet condition all week,
with pr:ces showing little ohange.
Quotations on cattle: Good to choice beef
steers, I6.00i3e5.60; fair to good beef steers,
96.86S4.20; oommon to fair beef steers, 6.00
yt.86; good to choice heifers, 8j.008.86:
good to choice cows, 84-75.d6; fair to good
cows and heifers,. 34.004.75; common to
fair cows and heifers, 82.0U&4.00; good to
oholoe stockers and feeders, $4.4034.86;
common to fair stockers and feeders, 83.60
0-I.4O; stock he'.fers, e3.00QrS.71; veal calves.
3.bOfe'7.00; bulls, stags, etc., 83.266.00.
HOOS Sellers forced another aovance in
hog prices, the Improvement Involving a
100-load supply. An active demand of eae.ly
ample volume was the main factor in
boosting the trade, bulk of all we'ghts
scoring an average gain of a nickel. Pack
ers entered the trade early and free buying
policy was general, everything moving
scaleward within a short time after the
opening.
Spreads between lard, butcher and bacon
grades showed a further tendency to nar
row, and long strings landed within a dime
range of e6.3m36.40. Cost of packing droves
In two Instances wss only a Utile under
the latter figure. Shippers took only a
half-hearted Interest In the n arket and
purchased In all a bare 10 rer cent. Best
baoon animals on rale reached 36.60, the
highest price paid since April.
While receipts this week glva a rather
liberal total the demand appeared to be
lively and expanding, clearances being easy
and early. Present prices are just about
2W2Gc above these of a week ago, but
bacon offerings are not earning ihe pre
miums of recent weeks, while the heavier
classes show the full advance.
Representative sales:
T 621 e 80 f 28
7 to 6 77 I 91 6 83
7 46 I 88 6 86
7 40U 2 6 6.1 e
7 48 I 87 6 86
7 68 1 88 6 88 ( 28
I 6 86 ( tt 48
7 64 6 M 6 44
7 2 t 99 6 92i 6 47
7 Ml I It t IT
(94)
No. At. Sh. Pr.
66 104 110 I 16
1 174 60 I 16
II 101 ... 11
1 Ill ISO (17
61 K ... 4 10
SO 114 ... (10
6 Ktt N i lg
61 164 ... M
1 !! Mil
4 144 ... 4 10
11 141 M IU
II 1 60 10
71 144 ... (11
1 141 10 11
11 116 6 11
41 166 rM 11
II 146 110 4 16
1 161 60 16
1 1M ... Ill
44 130 ... 116
61 IM N I U
61 1st ... 16
Tt 114 164 li
14 Ill 100 4 16
4 161 ... S6
74 136 ... 116
6 146 120 16
61 170 ... U
64 ltd IN III
I 1 60 4 16
4 164 40 16
41 Ml 60 6 16
60 171 ... 16
10 141 ... 4 It
41 117 10 li
1 141 ... 4 16
61 ISO M 16
46 176 140 4 U
1 141 ... Ill
41 141 It 4 17
4 12 ... I 17
11 flm 40 is
Tl Ill ... 4 44
71 Ill ... I 4
No. At. Sb. Pr.
61 Ill SO I 40
3k ieO SO 4 40
74 Ill 40 4 40
11 tl ... 6 40
'0 1(6 ... 40
74 til 110 to
1 Ull 40 40
4 261 60 4
76 Mil 4o 4 40
14 lui ... 40
44 Ill ... 40
11 !l 40 4 40
II est SO 40
1 141 160 40
11 116 ... 00 -
H N 44
60 401 1-0 4 .
si 1-4 ... 4 41
14 MS 40 40
64 1st ... 44
SB 14 ... I 4
6 IM ... t. M
60 U IM 4 44
41 lui 14U 4 40
40 lit ... 4 SO
44 144 140 40
M lil 40 4 41
U 114 IM 41 (
7 IM ... 144
14 1K'7 .. 4 44
61 ... 4 46
f, 1U M 4 46
et it' if 46
SO iUi 4 46
17 ll - 46
11 117 a0 4 46
II lit 160 6 44
67 let .- 144
1 UM IM 4 46
44 104 ... 4 46
11 lei 40 4 44
7 160 ... 4 6o
64 110 ... 4 60
as received In the way
of sheep or lamos and the open market
snowed no changes.
The week's total, fulls 28.000 head, shows
good Increases over lsst week's run as well
as the supply a year ago and the gain is
largely due lo a (rear late June movement
of grass stock from western ranges. Right
sround three-ourths of entire offerings
were billed from the west, Oregon and
California furnishing bulk. Sheep were
more plentiful than lambs Slid average
condition was very good in view of the fact
that the grass country Is suffering from
orouth in many parts.
On most days trade held an even, steady
course, but the trend to values, especially
towsrd ths close, appeared stronger. Heavy
grass wethers with age ara nons too pop
ular and have been moving around 83.76,
but handy gradea, moetly twos, sold largely
at 34.10 and were free sellers st the pre
mium. Rsnge yearlings from Oregon,
known aa newly graduated lambs, found
plenty of orders st 84.36,4.40. the former
price buying the big bulk of arrivals. Cali
fornia spring Ismbs, fine wooied and not
very attractive, landed at 84.8046.26, while
toppy Oregon springers reached ; .16 yes
terday. Demand for feeding stock has been
lax at all times aa finishers are Inclined lo
be very conservative.
Karly supply of corn fed stock consisted
largely ef mixed bunches and averaged
common and even trashy. Two or three
shipments of choice Ismbs were received
iste in the week, however, and top strings
si ted cre1ltabi at 3 2o4u.4o. They were
horn and tho K 40 article wss prime. 1 v
manrt lor anything fit to kill has been
healthy throunhoui and all kinds of fat
tot k show net advances of ltknloc over a
week ago.
Quotation, grass stock: ftprlng Ismbs,
natives, X.fft7.iX); spring lambs, good to
choice. P 4043 7.16; spring lambs, fair to
good. ftsji. 10; Vearllngn, fair to choice.
84.00tf4.60; yearlings, feeders. 3.1.0"3.86;
wethers, fair te choice, 8314.10;
Wethers, feeders, 83 763.26; ewes, fair to
choice, 32.76ftr3.6u; ewes, feeders and culls,
U 7V6140.
quotations, fed stock: Shorn lambs fair
lo choice, 8n.So4l 26; shorn yearlings, fair
to choice, 14 00(16 00; shorn etners, fair to
choice, 8.1 60JJ 4.10; shorn ewes, fslr to choice,
83.OOtU4.00.
CHICAGO LIVE STOCK MARKET
Demaad far Cattle Steady Hogs
Straasr Sheep Weak.
CHICAGO, July 1. CATTL.B Receipts es
timated at 200 head; market steady; beeves,
84.66S4.7T; Texss steers, 34.64(j4u0; western
steers, 84.70i3t.78: stockers and feeders. 83.
(16.40; cows and heifers, 82.26ttt6.7o; calves
36.76tr.00.
HOGS Receipts estimated at .ono head;
market strong, 4&e up; light, 36 8f34 724 ;
mixed, 36.30fr8.7S; heavy, 8ti.20J.70; rough,
66.304.36; good to choice heavy, 8 36.(0;
pigs, 86 904.60; bulk of ales, i &o& V
SHEEP AND lMBrl Rooelpta esti
mated at 8.000 head: market weak; native,
32.6134.40; western. 82.7647440; yearlings. 14 25
66 10- lambs, native, 84.tOliT7.66; western,
H.607.60.
Kansas City Live Stock Market.
KANSAS CITT, July l.-CATTLB-Re.
celpts 100 head. Including 60 southerns;
market steady; Native steers, 36.26VA60;
southern steers, 84.00tf6.60; southern ciwt
and heifers. I2.0j-4 60; native cows and
heifers.- 32.40t$.3O; stockers and feeders
$.1 7636.40; bulla J3.0OS4.75; calves, 14 00?
3.76; western steers, $4.7&-5.3j; western
cows, t2.7&a4.75.
HOGS Receipts. 2,500 head; market He
higher; bulk of sales, KMIU; heavy.
ej.i(i.&0: packers and butchers, 3o.4tf
8.66; lights. 8640rS.5S.
8HEKP AND LAMBS Receipts none;
market steady; muttens, 83.00t33 90; lambs,
86.7&S7.00; fed wethers and yearlings, 83.75
tJ4.;5; fed western ewes, 2.6033.2S.
St. IO a Is Live Stock Market.
BT. IXyUlS, July 1. CATTLE Receipts,
600 head, including 100 Texans; market
stesdy; nstlve beef steers, l4.MVoej.50; cows
and heifers, 83.00t(i4.&0; stockers and feed
ers, J2.7fxij4.76; Texan and Indian steers.
H.76a.t; cows and heifers, 83.00a t. 00;
cslves, in carload lots, t5.00(r?7.10.
HOGS Receipts, 6,000 head; market
strong; pigs and lights, J6.66gj45.75; packers,
3.or36.40; butchers and beet heavy, 86. 66(7
6.76.
SHEE3P AND LAMBS Receipts 900 head;
market steady; native muttons, 83.00s4.00;
lambs, J4.00tf1.60.
St. Joseph Live) Stock Market.
ST. JOSEPH. July 1. CATTLE Re
ceipts, 100 head; market stesdy; steers, 85.00
T6.35; cows and heifers, 2.M9.20; calves,
13.007.00.
HOGS Receipts, 4,000 head; market
steady; top, J6.60; bulk of sales, J6.40t&.46.
SHEEP AND LAM BS Receipts, 600
head; market steady; lambs, J4.OXXa7.15.
Stock la Sight.
Receipts of live stock at the five principal
western markets yesterday:
Cattle. Hogs. Sheep.
South Omaha 260 8,900
St. Joseph ...: 100 4.0U0 600
Kansas City 100 2.600
St. Louis 600 6.000 900
Chicago 800 9.000 9.000
. Totals 1,160 28,400 10,400
Cottaa Market.
NEW YORK. June l.-COTTON Spot
closed quiet; middling uplands, 14.80c; mid
dling gulf, 15.06c; sales, 1.028 bales.
ST. LOUIS, July 1. COTTON Market
Irregular: middling, 15c. Sales, none; re
ceipts, 300 bales; shipments, 448 bales; stock.
8,029 bales.
New York cotton market, as furnished
by Logan & Bryan, members New York
Cotton exchange, 315 South Sixteenth street,
Omaha:
Month. Open, High. Low. Close. Yes'y.
July 14 67 14 67 14 60 14 60 14 68
August . ..14 63 14 66 14 46 ' 14 48 14 64
Pent .13 4S 13 63 13 48 13 62 13 48
October ..13 1 '13 22 13 IS 13 19 13 16
December 13 18 13 23 J3 17 13 21 i 13 19
, . - Mllwaakee Oral a . Market. r
1 MILWAUKEE, July L WHEAT No. 1
northern, JLOKLOa; No. X northern, 9&c2
81.00; September, 90c; December, 924o.
OATS-Standard. 44p44Hc.
BARLEY Malting. Wk-ftjl.lO.
Oils bb Roala.
SAVANNAH, July 1, TURPENTINE
Firm, 62V4S53Hc.
ROSIN-FIrm, typs F, $.42W8.60; O. 88.60.
Wool Market.
ST. LOUIS. July l.-WOOL Steady;
territory and western mediums, 1719Vsc;
fine mediums. 1617c; fine, 11 14 Vic
WORK ON THE SUNKEN MAINE
Plans for Pimplig Water Oat of
Warship aad Floating: Part
f Wreck.
Colonel William M. Black and Lieutenant
Colonel H. M. Patrick . of the United
States corps of engineers, members of the
engineering board which has In charge
the work of the raising of the ill-fated
battleship Maine tn Havana harbor, aro
preparing to go to Cuba shortly to super-
Intend the pumping out of the big coffer
dam, which has been built around the
wreck. ,
The job of constructing the cofferdam
Is about complete, but the pumps will not
be set to work until May 81, as the en
gineers wish to allow ample time for
testing the strength of the giant cylin
ders of which the cofferdam ia formed.
Although two leaks have been reported
In the cylinders during the progress of
the work, they have been repaired with
out difficulty and Colonel Black says that
he and his fellow- members of the board
are reasonably sure that the cofferdam
will hold when the vast volume of water
Is pumped out and the wreck of the Mains
Is revealed.
The erection of the cofferdam and the
general plan which has been adopted for
raising the battleship Is attracting the at
tention of engineers and naval men all
over ths world. It is said to be the first
time such a feat has been attempted on
so large a scale by the corrercam method
and, if successful. It Is likely that the
plan will be adopted under similar condi
tions by other nations.
In addition to the interest in the en
gineering slds of the plan to raise the
Maine the undertaking Is engaging the at
tention of hundreds of thousands ' of
patriotic Americans, who are eager to
learn whether or not' the explosion which
sunk the battleship and sent several hun
dred men to their death was caused by
a sunken mine or originated inside the
ship Itself. It was the generally accepted
belief that the Maine was destroyed by a
sunken mine, which caused the public sen
timent In favor of war wtth Spain to reach
Its climax.
It was largely due to public curiosity
as to the real origin of the explosion that
congress appropriated I15O.0O0 for the work
of raising the Maine. Other factors in
the action of congress were the desire to
recover the bodies of sailors who wore
lost In the wreck and the advisability of
removing the wreck Itself as a menace to
navigation In Havana harbor.
1 The work of building the cofferdam
was commenced last December. Ever j
since a lari:s force of workmen has been '
been busily constructing ths chain of steel
cylinders fifty tct In diameter of which
the cofferdam la forced. This work has
been under ths personal supervision of
Captain H. B. Ferguson of the United
States army corps of engineers, the third
member of the board. Captain Ferguson
has been stationed permanently at Ha-,
Vans, Ths other board members have
been making short trips back and forth
sine the work began. New York Times.
MANY REASONSJOR OPTIMISM
Bntinesi Men Look for a Verjyr
Hetlthy Fall Trade.
ONE PROGNOSTICATOB'S OPINION
Bis Trade Bslaace in Oar rarer,
Storke at Merehaatls Aro Law
mm the Iroa aad Steel
Market la traar.
BT PRESTON C. ADAMS.
NEW YORK, July, l.-8peclal to Tha
Ree.) What are the legitimate grounds
for the unquestioned optimism In tha world
of business 7 I asked this question ths
other day of a man ot large affairs, and
who is himself a buoyant optimist.
His answer la worth consideration.
"There aro at least a score ot reasons,"
ha said, "why we may expect a big healthy
business In the fall. Here are a few ot
them. Unless all signs fall we will have
bumper cotton and grain crops and they
will sell perhaps at somewhat lower prices
than have been prevailing but still at rate
which will give the producer a good
profit Then we have a half-bllllon dollar
trade balance In our favor which give
ua a power over the world's gold supply
and will prevent disastrous money strin
gency In this country. There Is little fear
of this, however. In any event for money
Is plentiful and cheap In all the world'
financial markets and this Itself Is 'a
powerful factor for good trade.
"The tow stocks of staple merchandise
means activity among tha manufacturers
and an Increase In the consumption ca
pacity of the working masses. Tha rail
roads are showing Increased earnlngaouid
these will be further increased as the crops
begin to move.
"The metal markets, steel and copper
particularly, are In better shape than they
have been for some time and there Is no
reason to believe they will not continue
to Improve. I might go on and give fur.
ther reason's for the faith that Is In me,
but It would be merely accumulative. Yes
air, I believe business Is going to be fins
In the fall and the whole country will be
prosperous." .
Govern meat Debt Figures.
It is figured by government experts and
bankers generally that the addition of tha
160,000,000 issue of the Panama canal I per
cent fifty-year bonds to tho bonded indebt
edness of the United States has swelled this
Indebtedness to $963,000,000 of which 3731,
000.000 draws Interest at 2 per cent, $114,.
000,000 at per cent and $118,000,000 At 4
per cent. Most of the government bonds,
with the exception of the latest Issue, ara
held by the national banks which are using '
them as tha basis of note circulation. Tha
banks cannot use the new Panama 8s for
note circulation, but thsy may employ
them as security for publhj deposits. Tha
national banks which receive allotments
of the new Panama 3s probably will sub
stitute them for the bonds now untying
government deposits and will substitute
the latter bonds for some of the Issues
now used as a basis for note circulation,
thereby releasing the bonds hitherto em
ployed for note circulation, which may ba
sold st a material profit.
It Is understood that the next move In
the government'a financial affairs will ba
tha refunding ot the Spanish war loan,
of which F4. 000,000 Is still outstanding. It
Is considered probable that this Spanish
war loan, will be refunded by another
Issue of S per cent bonds some time within,
the next two years. '
Ainerlcanlsatloa of Canada.
In discussing Canadian reciprocity It .
should not be forgotten that' Americana
have invested not only some 700,000 Ameri
can cltisens in Canada, but mora than
$400,000,000 of American capital. Just how
much faster the Americanization of Can
ada win proceed after reciprocity la a
matter of pure speculation, but It Is very
greatly accelerated, It will not be many
years before the western part of the Do
minion especially will be largely Ameri
can.
Wheat Exports Heaver.
Exports Of wheat for the commercial
year ended July L 1911, are expect to
reach a total of 600,000,000 bushels, allowing
40,000,000 bushels for the three weeks re
maining. ' This includes exports to all the
leading countries, to which last year 656,
680.000' bushels were sent, compared with
480,808,000 bushels In 1908-09 and 404.103.000
bushels in 1907-08. This year exports ara
nearly 160,000,000 bushels larger than the
average for the preceding years, or an In
crease of 23 per cent. '
Wall Street Deserted.
Summer has come in Wall street Stock
exchange houses hsve sent out notices
that branch offices at holiday resorts are
now ready for business. The financial dis
trict is so deserted during ths summer
months that brokers do their beet to follow
customers. Go where he will, the Well
street man finds himself within range of
a ticker. Even the most exclusive re
sorts have their luxurious offices in hotels
or other business buildings. And. of course,
it Is uieless nowadays to try to flee from
the sound of the ticker by going to sea, for
wireless has checkmated that move. Yet
despite allShe maneuvering of brokers, or
ders are and havs been extremely scarce.
Nor Is it at all certain that the newly
opened branoh offices will be overworked.
Soathera Splaaers Carefal.
The cashier of a leading national bank
of the city, which has extensive connec
tions with Institutions throughout the cot
ton belt In referring to tha manufacturing
outlook In ths textile districts of tha louth,
said:
"Even though ths mills are running only
76 per cent of their capacity, that ia by
no means bad business. Oo the contrary,
when you take Into account the fact that
only a few years ago mills now active
were equal to the total then In existence
there, you realise that cotton manufac
turing Is not In so languid a state as many
would believe."
Nevertheless, the disport t ion of southern
mill men is te. curtail still further. Some
are halting between the plan of shutting
down altogether and that of running on
a four-day a week schedule. Many Ala
bama mills are continuing on this plan.
One result of doing so is to reduce their
stocks of goods on hand so as to have
practically clean warerooms whenever the
trade Improves enough to call tor larger
hours of operation.
Reports from cotton growing districts
Indicate no scarcity ot labor, especially
under the policy of the mills to run only
llttls mora than half time.
Crop Prospects Nat Bad.
President Delano of the Wabash railroad,
saya that Crop reports received from every
section of the country Indicate that crop
prospects were never better. All ths re
ports agreed that the crops aro between
two and three weeks ahead of the season,
which, barring later unfavorable develop
ments. Insures Its harvesting before frost.
Most of It has been cultivated three time.
Winter wheat Is being harvested in the
earlier territories, with good prospects for
a crop considerably better than last year.
Prospects for spring wheal ar In the
balance. Everything now depends entirely
on the weather conditions for ths next
three weeks. If the crops get occasional
showers between now and July 19 thsy '
are expected to be all right