Indianapolis Journal, Volume 54, Number 55, Indianapolis, Marion County, 24 February 1904 — Page 10

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THE INDIANAPOLIS JOURNAL, WEDNESDAY, FEBRUARY 24, 1904.

PER ONTIME DEPOSITS CENT. 3 PER CENT. ON SAVINGS ACCOUNTS

. omm;wcial 'rwi:jr co.,

COTTON PRICES MOVE IP MAYWHEATDR0PS5CENTS LOCAL STOCKS AND BONDS

INDICATION! OV CORMBfl l !lt,H OPTION AT M V ORI K WS.

7 OFFER

Indianapolis Street R way NONTAXABLE Guaranteed StocK Belt R. R Preferred Stock

NEWTON TODD

FLETCHER 6SK BUILDING

YOU KNOW what interest you get, and you will be certain to get it 5 Per Cent. Minnesota farm mortgages. We have dealt in them for thir y years. THOS. C. DAY CO. CO. Law Building

SAFE DEPOSITS.

S. A. FLETCHER & CO.'S tsofo DepoHlt Vfiuit 30-34 Knut Wnnhington Street. Absolut safety against Are and burglar. Policemen da and night on guard. Designed for safe keeping of Mnnty. Bonds, Wills. Deeds, Abstracts. Silver Plate. Jewels and valuable Trunks. Packages, etc. Contains 2,lu0 boxes. Rent .1 to St". Per Year. WILLIAM A. Ml'.lll- - - Manaxtr

LOCAL WHOLESALE TRADE.

Ponltry and Other Produce. (Prices paid by Shippers.) Cheese Wisconsin, 13r, New York full creams, lAr . Swss. I8e; brick. 14c; llmtiurgpr, Poultry Toun hens. 13c. young cocks. lJe; bens. 94c; cocks. 6c . capons. 12r; young ducks, 8e. . geese. Oc per lb. Butter Choice roll. 12c; HI grin creamery, 28c. Ute. 24c. Eggs Firm at 21c. Wool Local dealers are paying for wafon lots: Good medium merchantable unwashed. 17c; Coarse and braid. 15c. heavy merino, lH12c; half-blood. 12914c; hurry and cotted. 12014c; Western. 12c F'-nt hers Prime geese. 30c per lb. prime duck, JOc per lb. Oame Rabbits. 754j90c per dos, 90095c per doz for drawn Beeswax v for yellow. 25c for dark. HIDES AND TALLOW. Green-salted Hides -No 1. 7e; No, 2, 8c; No 1 calf. 10c; No. 2 calf. 9c.

THE JOBBING TRADE. (The quotations glen tekw are the selling prices of the wholesale dealers.) Candies, Nats, FIsrs. Candies Capital stick candy hrts. Sc per lb; common mixed. 5c; grocers' mixed. 5Vfcc; Banner twist stick. 7448c; Banner cream mixed, 9c; Derby mixed. 7r. Nuts Soft-shelled almonds. 15c; Brazil nuta. 10c; Alberts. 12c; peanuts, roasted. 78c; mixed tits. 13c Figs New Smyrna, 12c j,er lb. Floor. Spring patent. $5.80 per brl; winter wheat patent. In brl. -" 50; straight grade. $.'.; in brl. low Krade. $4. extra fancy, in brl. $4 90; buckWheat flour, 6.10 pet brl. graham, S5 per brl. Coal and Coke. (Retail Prices.) Half ton. Ton. Anthracite tall sizes) $3 90 $7 50 Smokeless 3.15 6.00 Cannel 3.15 6.00 Rlosshurg 2.80 S..".0 Jackson Ohio 2.73 5.25 Kanawha 2.5 4.75 Pittsburg 2.50 4 7". Raymond 2.5) 4.7.". Winifrde 2.5 4.7 Hooking Valley 2 40 4.58 Luhrlg 2.40 4.50 Brazil block 2.25 4.25 Green and Sullvan lump and nut) 2.oo 3 75 Slack, smokeless 2.65 4 50 Slack. Jackson 1.65 3 Slack. Pittsburg 1.65 3 00 Slack. West Virginia 1.65 3 00 Slack. Indiana 1. 2.") Connellsville coke 3.90 7.5 Oven coke 3 90 7.5 124 bu. 25 hu. Lump coke. 12c per bu $2.00 83. W Oushed coke. 13c per bu 2.15 3.25 Bags, 25c per ton extra, ground floor or dumped In cellar; 50c per ton extra, second Aoor or carried In cellar. From wan. 25c per ton extra, by wheelbarrow, chute oi basket. Drna-a. Alcohol. $2.553175; aaafoetida. 40c: alum, 24 4c: camphor. 95c 'a SI; cochineal. 55c; chloroform, M4fc; copperas, hrl. 85c; cream tartar, pure :i: i 35c; indigo. 65-S0c; licorice. Calab genuine, 3&4j40c; magnesia, earb.. 2 ox. 2022c; morphine. P. & W . per z. $2.4.2 70. oil be r gemot, per lb. $2; opium. $3.3 77.. quinine. P A W.. per oz. 3)trc. balsam copaita. 56(f80c; soap. atiK FV.. 13016c; soda, bicarb. ':K9rc. salts. Kpsom. lCMc; sulphur flour. 2t5c ; saltpeter. l'c; turiH-ntine. 71i77c; glycerin. U44J20c; iodide p..ta.ium 12 4" .x j hromid.- potassium, rsM?50c; chlorate potash. r20e; borax. 9fJ12c; cinchonida. 29?34c; carbolic acid. 27c; cocaine. 'mar.. $3.80434. Dry Go:da. Bleached Sheetings Androscoggin L. 8c; Berkeley. No. SO. 9Vc: Cabot. 74c Capitol. 74c; Cumberland. tc; Height Anchor. V. Fn.it of the Loom. 9c; Farwell. sc. Fttchvllle. 74c; Full Width. 4e Oilt Edge. 6c; Gilded Age. 6c; Hill, Sc. Hop.-. 7c; Lin wood. 84c; Lonsdale, c; Peabody. 64c Pepperell. 9-4. 24c; Pepperell. IS-4. 26c; Androscoggin. 9-4. 25c; Androscoggin. 18-4. 27c Br-.wn Sh. tings Atlantic A. 9c; Argyle. 74c: Boot'. C. 6i,; Bucks Head. 8c; Carlisle. 40tnch. 74c. Dwight Star. 84c ; Great Falls E. 8c; Great Falls J. 64c: Hill Hne. 8c; Indian Sc; Pepperell R. tc; Pepperell. 10-4. 24c; Androscoggin. 9-4. 23c; Androscoggin. 10-4. 25c. Prints Alien dress styles. 5c; Allen TR. 144; Allen lobes. 5c; American indigo, 5Vc; Arnold long cloth B, 9c; Arn.. Id LLC, 8c; Coo hero fancy. Ic; Hamilton fancy. 5c; Merrlmac pinks fusd purptea 5c; Pacific fancy. 5c; Simpson s mournings". 54c; Simpson's Berlin solids. 5c; Slmpeon s oil finish. 6c; American shirting. 5c; black white 5kc. grays. 54c Kid-finished Cambrics-Edwards, 44c; Warren. 4kc: Slater. 4'c; Genesee, 4'-.c vTcklnga Amoskeag ACA. 14c; Cone toga BF, l:4e; Cordis 140. lb; Cordis T. 14c; Cordis ACE. 14c; Hamilton awnings. 114c; Kimono fancy. 17c; Lenox fancy. 20c: Lenox XX "OcOakland AF. Tfte; Portsmouth. 14c; Susquehanna. lo4c; Shetucket SW, 8c; Shetucket F c: Swift Rivet. 'c. Grain Itas Amoskeag. $20; American. $20; Harmony lv Stark. $2.".. Ginghams Amoskeag. ßi7c; Amoskeag dress, we: I-ancaster. 6Vc: Lancaster dress. 7c; Toil du Need. SVtc. Gricer!es.

lly, per brl, 200 lbs, $16.50; fancy near bean, per brl. 200 lbs. $2 1 '. fancy boneless pig. per bri. 200 lbs. $21. Also half brls. 100 ibs. at half the price of th brls. adding 50c to cover additional cost of pa'-k. -it- . T-i'd Kettle rendered, Sc: pure lard. c. Huron Clear bellies. 25 to SO lbs average. 9c; 18 to 23 lbs average. 9,jc. 14 to 16 lbs average. I clear backs. 20 to 30 lbs average. 9lc; 12 to 15 lbs average. 10c; 9 to 10 Ibs average. 11c; clear sides, about 50 to M Ibs average. 9Vic; 30 to 40 lbs averase. tSSa 2) to 30 lbs average, lie. In dry salt, 'c less. Prodnce, Fruit nnd Venetablew. Fancy Apples Baldwins, per brl. $3.50; Kings. $3 75; Spies. 53.50. Greenings. $3.25. Bananas Large. $: per bunch, medium. $1.50. Cabbage Ho'land Seed. $l.-:',tZ per 100 lbs. Carrots 75c per hu Celery California, per crate. $4 25; per doz, i0c. Cider Per brl. $3. TO; half brls. $2 5). Cocoanuts i 50 per bag. 50c doz. Cranberries Jersey. $.' 25 per bu ; $6 25 per brl; McFarlln. $7.50 per brl. Hosts, $8.50 p.-r brl. Dates Walnut. II per box. package dates. 601b box. la pr lb. Figs Smyrna. Kc per lb. Grapes California grapes, per crate. $2; Malaga, in brls. $5. Hickory Nuts Per bu. 50c; shell barks, per bu. 7'.. Honey White clover. lHc per bu. Kraut Per cask. 45 gain. $10; per brl. 30 pais, $6.50; per half brl, 15 gals. $t. Lemons Kxtra fancy Messina. 360 size. $3 5) box. t size. . California. 3i0 to 260 size, $2.75. Iettuce 13c per lb. Navy Beans Per bu. $2.15. Old Pop Com 3c per lb. Onions Yellow, per cwt. $2.40: red. $2.25. Oranges California Seedlings, $1 per box; Florida. $3; Karels, per box, $2.40. Radishes Per doz. 4c. Shallots P. r doz. 75c. Parsnips $1 per bu. Pears Per bu. $11 1.25. Pineapples Florida, per crate. $2.75'53. Potatoes Northei n stock, Ä.VaJl per bu. Spanish Onions $1.75 per erat-. Squash Hubbard, l'jc per lb. Sweet Potatoes Illinois. $3; Kentucky. $3; Jersey . $3.75. Turnips 90c per bu: Rutabaga, 75c per bu. Walnuts Native. Seeds. Seed clover, prime. $6 25i6 75. Enelfsh clover. ' alsike. $7 5048.50. Timothy, prime. $175 rnl. Fancy Kentucky bluegrass, $1.501,75; extra clean. 60fc70c. Orchard grass. $1.75fr2; red top. 90Co$1.75. English bluegrass. $1.50'92. Decline in Lkki at CliictiKO. CHICAGO. Feb. 23.-Therr was a precipitate decline in the price of eggs to-day. all varieties selling on an average of 6c under yesterday's quotations. The immediate cause of the weakness in the market was the cessation of intense cold and the consequent increase In receipts. Prime firsts sold at 23V. and extras were to be had at 25c. a loss of nearly a ttfth of their former market value.

I lid .- Wam ' " " " Linnidntinn at the Top in N S SS York MnrUet and i'nrt of (inin Wan Lost.

mhki:t aDVAXCBO f:ri.y to fi.iw i-a. m:v hii.ii miCJL

TRADE IN GENERAL-

NEW YORK. Feb. 23. The cotton market opened q'jlet and steady at a decline of S points to an advar.ee of 1 olnt. under liquilation due chiefly to fears of a reaction as a result of unset t lint; war news. Cables, however, were Arm. and almost before the call was completed prices began to be beUer on bull supiwt and covering, promoted by the light receipts estimated for the day at both ports and Interior ioims. Monday's movement had Sias been very light, and with advices coming in from all portions of the South as to the urgency of spot demand and the scurclty of cotton the bull leaders here and in New Orleans had no difficulty in boosting prices. At first prices moved up gradually, but at noon showed greater activity and excitement. May was particularly Arm, selling at times 10 points over Juiy. while the continued buying of March by important bull Interests led to a bell-f that March tenders next Friday would be promptly taken caie of. The advance was also encouraged by the firmness at New Orleans, where March, soon after the rqiening, shot up some 40 points, leading to rumors of a io?8ible corner in that position in the Southern spot market. Here there appeared to be appnenslon of a corner In May. At any rate, the market advanced rapidly, and shortly after midday March sold up to 14.50c, May to 14. mc. and July to 14.81c, net gains of 53 to 62 loints. This level represented an advance of nearly 24c without any substantial reaction, naturally attracting hea y realizing, which, as prices began to yield, ccouraged selling by the room, who evidently thought a set-back would be no more than natural if hut ibr speculative reasons, while reports of financial difficulties in Berlin and rather unsettlinp war rumors aided in producing an easier tendency. The market was finally barely steady, with the net advances cut down to a matter of 15 to 34 points. Port receipts for the day were only about one-third of last year's, and receipts at the interior were less than half of last year's. While the estimates for to-morrow arc slightly more liberal, estimates to the amount in sight for the week have been reduced from 160.000 to 140.000 bales, against 17D.000 bales last year. GRAIN GOSSIP.

At the Top Liquidation 4M n FnorS4S4M cjiIc ot in. arryinu Prieea Mom 11 or 11 Follows Wheat.

ST. LOUIS. Feb. 23. -Flour dull, but higher

adances checking buslna; red winter patents, ) $5.155 l'.,. extra fancy and straight. li.vV.i 1". bar. 4.104 2. Timothy seed steady at J2..'.u 4)2.80. Corn meal steady at $2.50. Bian higner; I sacked, eat track -n "-. Wheat lower; No. 2 red. cash, elevator, $1.04; track. $1.0Jjl.ll; May.

9V. July. 8ö4c; No. 2 hard, HeOfL Corn lower; No. 2. cash, 46c; track. 47047V:; May, .V)1-; July. 51 i4jf ölc. Oats Mrong; No. 2. cash, 42Vc; track. ntfjUfcs; May. 4c; No. 2 white. 45c. Hay steady; timothy. $4l3; prairie, IS0S.5O. Whisky steady at $1.W Iron cotton ties, revised, 2c. Bagging, revised, 6Vc. Hemp twine. 6c. Pork New jobbing. $15. 9u. Lard steady; steam, $6.97V. Bacon hteady: boxed, extra shorts. $s; clear ribs. 37.&7,s; short clear. $.v25. Receipts Flour. 27.0u brls; wheat, 245,000 bu; corn, 254,000 bu; oats, 17J,o0 bu. Shipments Flour, 38,000 brls. wheat. 187. OfO bu; corn. 177.4)84 bu; oats. 118,00t bu. CINCINNATI. Feb. 23 Flour steady; fancy. $4.K&4 85; famllv, $404.15. Wheat scarce and firm: No. 2 red. $1. 09$ 1.10. Corn dull; No. 2 mixed. 47c. Oats firm; No. 2 mixed, 43Vxc Rye firm; No. 2. 7ic. Lard steady at $6.90. Bulk meats quiet at Ja-TOs- Raton steady at $V 12l. Yäi hisky listillert' finished K'xds steady on basis jg $1 27. SuKar easy, hard retired. 4.136.5Sc. KANSAS CITY. Feb. 23. Wheat-May. 88V4c:

July, 82c; cash. No. 2 hard. 94 96c; No. 3. 1 S8y92c: No. 2 red. $1.05 1.09; No. 3. $1.0301.06. Corn Mar, 47c; July. 47c ; cash. No. 2 mixed, 44044 V2C; No. 2 white. 4Cc; No. 3. 44c. Oats No. 2 white. 424J42V; No. 2 mixed. 4.1$ 41c. Wheat receipts, 14) cars. Dl'LCTH. Feb. 23. Wheat-ln store. No. 1

hard, n.tnit; No. l northern. :c; No. 2 northern. 97V On track. No. 1 hard. $1.01H: No. 1 northern. 99V May. 9&V ; July. 99V ; September. 90V Oats On track and to arrive. 46 V KANSAS CITY. Feb. 23. -Hay Choice timothy. t9.".oiiio; choice prairie. 87.3507.50. Rye No. 2, 59c Receipts Wh at. 122.tXi0 bu; corn. 69.000 bu; oats. 4.000 bu. Shipments Wheat. 172,000 bu; corn, 73.600 bu; oats. 7,000 bu. FT. WAYNE. Ind.. Feb. 23 -Cash wheat ruled here on the street to-day at $1.05, with a tendency to drop. The hih price brought in more than on any day sjBjtM the harvest. MINNEAPOLIS. Feb. 23. Wheat May. $1; July. Hi September. 88 V: on track. No. 1 hard. $1.01V No. 1 northern. Lit; No. 2 northern, 97c; No. 3 northern, IM't'.V TOLEDO. Feb. 23. Clover seed Close: Cash and February. $6.95; March, $6.:7j; April. $.j.9". Prime alsike. $6.30 Prime timothy, $1 4V LIVERPOOL. Feb. 23. Wheat Spot nominal. Corn Spot firm; American mlxd new, 4s 3d: American mixed old. Arm at 4s 7d. BALTIMORE. Feb. 23. Close: Wheat May, $1.111',. May. $1.08.

Hotter, Cheese and Rkk. NEW YORK. Feb. 23. Butter Receipts. 7.164 packages. Market firm. Extra freh creamery. 26c; creamery, common to choice, fV?f25V: State dairy. 14022c; held creamery. 14022c. Cheese Receipt. 2,o27 packages. Market firm. State full cream, fancy small colored and white and large colored and white September, 12c; late made. 10V- Eggs Receipts. 9,965 packages. Market unsettled. State and Pennsylvania nearby average finest. 32c; State and Pennsylvania seconds to firsts. 30031c: Western firsts, 31e. I HILAOELPHIA. Feb. 23. Butter eteady; extra Western creamery, 26 V; extra near-by prints. 29c. Eggs 4c lower; fresh near-by and fresh Western, 28c at the mark; fresh Southwestern. 27ft2c at the mark; fresh Southern. He at the mark. Cheese steady New York full creams, choice to fancy, 11011V; New York full creams, fair to good. 1'Hi 10 VCHICAGO. Feb. 23. On the Produce Exchange hi rtSS the butt m market was steady; creameries, 14'(;2.'.'i:c; dairies. 13'jii22c Eggs weak at 22"i 23 o at the mark, cases included. Cheese steady to 1 IN'CINN ATI. Feb Butter steady; arSAJa ery extras, 28c; firsts. i5Vin26c; seconds, 23fi24c; dairy. 12c. Cheese steady; Ohio flat. 1048. El;ks lower at 22c. KANSAS CITY. Feb. 23.-Eggs lower: Missouri and Kansas. 20V. cases returned; new No. 2 whlteWood cases included, 21c. ST. LOITS, Feb. 23. Butter lower; creamer)'. It027e; dairy, 10020c. Eggs lower at 22c, case count.

Oil.

CfrtTsc Good. 8012c: prime. 12014c: strictly g. ' 18018c; fancy green and yellow. IS ff 23c; Java 2V'q32c. Roasted Old itoverninent Java. 32,4MSc: finest Mocha and Java. 2803oc: Java blend. 23o: fancy blend, i . t'.olden blend 15c Packag- -offee City prices: Arioaa. 12.25c; Lion. 2-2c; Jersey. 12.25c: Caracas. 11. 75c; Dutch Java bn.l. 15.58c: Gates's blended Java. 12 28c Climax Java blend. 12.25c. Sugar - City prices: Crystal Dominoes. 5-lb cartons. 7V cut loaf. 5.85c; cubes. 5.2V; XXXX powdered. 5.38c; standard powdered. 5.18c; fruit powdered. 4.83c; granulate.. J-Ib tackage. 5.15c; granulated. 5-lb packag. 5.15c; standard fine granulated, bags or brls 4.77c; Rldgewood A brls. 4 ;.': Phoenif A. brl 4 '.7c. Empire a' .52c; Ideal ex. C. 4.47c; Windsor ex. C. 4.42c; l4Twood ex. C, 4 37c; 18 yellow. 127c; 18 yellow. 887c; New Orleans idsrk). 4c Moiassa; and Syrups New Orleans molasses fair to prime. 28032c; choice. JS4J42c; syrups. 28

Salt In car lots S5r9Dc small iot

. 8gS8 Pepper. 17c; allspice. 15ilHc; cloves. 20 4W'-. cassia. 15018c; nutmegs. 50080c per lb. Rice-Louisiana. 4408c. Carolina. W08V. Sot-8l.404jl 80 per hag for drop. Lead 6V.0V for pressed bars. llrOOd Dishe N 1. J., $f SO'yJ; So. 2. 2.20: No 3. $2 2002 38; No. 5. $2 8043. Twine Hemp 12018c per lb: wool. 6fil0": flax. 2"u30c. pfa ler. 15c. Jute. 12015c: cotton. 223Jc. Woowre-N.. i wUts. $'7 . No. tubs $5 No 3 tubs. $80.; 3-h.p tils. $1.IW: 2-hoop pails. ;l. 4001 60; double washboards $2 5ofT2 70common washtoards. $1.8501.90; clothespins, 800 8oc per bt.x Iron and Steel. Bar ir .t lorseshoe bar. 2.75c; nail rod To: plow slab. 4 American cast steel. 9Sllc'; Urs steel. 2V: spring steel. 4405c. Leather. Oak sole. 2?4c homlru-W um.. - -

B1 al T . 1 v.-. - . imi -

I'"". .s. oininn

OIL CITY. Feb. 23 Credit balances. $1.80; certificates, no bid. Shipments, 212. lo.", brls; average. 71.S33 brls; run. 155,703 brls: av rae, 66.003 brls. Shipments (Lima). 171. V7 brls; average. 61,"'! btls. i uns (Lima), 1M.671 brls; average. 45.027 brls. SAVANNAH. Feb. 23-Spirits of turpentine, nothing doing. Rosin firm; A. B, C, D. $2.50; E. $2.55; F. $2.60; G. $2.05; H. $2.65; I. $.;; K 4U.r: M. $.1.30. N, $3.35; window slass, $3.45; water white, $3.65. NEW YORK. Feb. 23 Tallow steady. Cottonseed oil steady. Petroleum quiet. Bosln steady. Spirits of turpentine quiet at 64x'S65c. WII.MINCTON. Feb. 23 Spirits of turpentine, nothing doing. Rosin, nothing doing. Tar firm at 40c. Crude turpentine firm at $2.50 and $4.25. MONTPEI.IEK. Feb. 23 Crude petroleum strong. North Lima. $1.31; South Lima and Indiana. S i 26 CHARLESTON, Feb. 23. -Spirits of turpentine and rosin nominal.

BOSTON. Feb. 23 With the wool market steady and firm dealers feel confident that the season will close in a satisfactory manner. The new clip is near at hand, and the amount of wool to be carried over will not be large There is a steady movement in Territory wools. The market for pulled wools Is firm, with moderate offerings. Foreign wools are quiet. Current quotations may be summarised as follows: Ohio and Pennsylvania. XX and above. 34344c- X

k 30031c; No. L S3c; No. 2. 32033c: fine unwashed.

880MC. hair blood washed. 25t1i26c. thiee-quar-ters blood unwashed. 25i26c. one-quarter blood unwashed. 25028c; fine washed delaine. 3503ftc Kentucky. Indiana, etc : Three-eighths blood -4 -'. one-quarter blood. 24025c . brail. ST. LOUIS. Feb. 23 Wool steady; medium grades combing and clothing. 17021V; light fine. 154r7V; heavy fine. 12014V; tub-washed, 2o0

Northwestern Millar The surlden and considerable enlargement in the demand for corn from the importing countries of Europe presents such a decided contrast with the demand from that

source for that grain, as well as wheat and its i

product, for some time past, that It has excited a great deal of comment from the trade. The explanation appears to be. so far as investigation reveals It. that the trade in the importing markets of Europe 8888888 alarmed over the withdrawal of Russia as a seller of feedstuffs, and as the Argentine is out of the market as an exporter of corn until its growing crop is secured, these imiorters came to North America where supplies could be obtained, even if the price here aas higher than in any other country. Tbsar purchases have increased largely, and sapor lata have buyers out in the country paying prices that the accumulative markets have so far failed to equal. The reason for this sudden alarm and outbreak of buying In this country by Europe is. as stated above, largely due to the refusal of Russia to offer her feedstuffs for .sale, probably finding them necessary in the prosecution of the war that country has on with Japan. Feed for the Cavalry horses and for beasts of burden will naturally be needed. Bioomhall. In a recent article on the sources of grain supplies for importing countries shows that of the imports by Europe during 1903 Us to 6 per cent, of their barley. 75 per cent, of their rye and so per cent, of their oats were supplied by Russia indicating that that country SHppitss more feedstuffs to western Europe than any other exporting country. A review of the St. Louis grain trade, calling .peclal attention to the continued large receipts of wheat there says: "Wheat receipts of not far from harvest volume continue to arrive at the St. Louis market. Receivers have been looking for and predicting a sharp drop In the movement to this market, but except occasional tSSBpSSafy reductions there has been little decrease. These extraoruinary receipts are due entirely to the hard winter wheat of Kansas and Nebraska, mainly the former, 'that State continuing to turn loose a tremendous volume, considering how great have been the drafts made ujon its crop ever since it was harvested. Europe, its own state mills and the markets and mills of the Northwest, the Southeast and other sections have been steady buyers right along, but Kansas still has wheat for sale." There are Indications that the export movement of wheat from Argentina will be reduced in a short time. Since the present season opened, Jan. 1. that country has exported nearly 13,')00.000 bu, more tan doubling those for the same period of last year, and was In excess of any previous season for the same time. A London cable states that holders are asking higher prices and refusing to sell, as they look for a large advance In the price. The Russian-Japanese war. the unsettled ixdltlcal situation In Europe, and the largely higher markets in the I'nited States ami Europe are undoubtedly the reasons for the position the Argentine trade has taken. Broomhall's Argentine representative cables that a threatened railway strike promised to interfere with the mcvement of the crop. The following review of the flour situation at Glasgow is printed in one of the leading milling journals of the West: "The flour demand is still limited, owing to heavy stocks held by consumers, but. as the quantity on passage must be getting reduced, we look for stocks becoming slightly smaller. It will be a gradual process, however, as supplies aie still much too large at the present time. American prices for all classes of flours are quite out of line in the meantime, and shipment business is impossible unless In an occasional lot. We see signs of consigned flour beginning to come to our market, and, arriving at this time, it is the worst thing that could happen. The fact that importers are not making otters to millers should be sufficient to show them that this is a bad market to consign to, and when the account sales are received, they will see that this Is the case. The Glasgow market 1h, perhaps. In a worse state, so far as American Hour is concerned, than any other market in the I'nited Kingdom. If prices keep at the present level In the Cnlted States there Is no doubt the demand will largely go on to French, Australian and flours made from Argentine and Bussian wheat. These markets, of course, have been slightly dearer lately, but have not advanced In anything like the degree noticeable in the markets on your side. Winter wheat flours with us are probably nearer mills' quotations than anything, but we still lag behind to the extent of Is to Is 6d per sack."

Internal Itevcnue f ollectiona. WASHINGTON. Feb. 23 -The monthly statement of the collections of internal revenue shows that for the month of January, 1904, the total receipts were $16,y3.4v. a decrease, as compared with January, 1903, of $1,05S.745. For the seven months of the fiscal year the receipts aggregated $139. 943,931. an increase of $1.495.320, as comared with the corresponding period last year. Ir (.iiimIn. NEW YORK. F'eb. 23 The dry goods market remains firm, but buyers are inactive. Further advance in cotton has given sellers added warrant for their start, and a good many transactions whU-h might have been consummated at slight reductions are now held up. and the manufacturer insists upon securing the full market pi Ice on his product. Jobbing activity continues both locally and throughout the country.

tn). , .... IIA

clt k , :80c; French kip. 9c;i$l .v. cltv

iumn. r rencn cairsktn. $1.2001.85. Nail, nnd Horseshoes. 8t-el ut nail. $ 25; wire nails, from store t2 2 rates, from mill. $2 U) rates. Horseshoes, per keg. $4 25. mule shoes, per keg. $4 25. horse nails. $4 a5 per box Barb wire galvanixed. $2 75 painted. $. 0. Oils. Linseed, raw 42c per gal: linseed oil. boiled. 48C per gal: coal oil. legal test. 1 116 V !! isioiis.

-cured Hama Indiana, 14 to 16 Iba aver-

age. Ltc Shoulders-English cured. Reliable, m to : lbs average. Ve, sugar-cured. Indiana, s to 10 lbs avertg . Pickled Pork- Indiana bean or Jowl, per brl. $88 lbs, lis. ruiup, par 8r' m lbs. !.. faxu-

Ponltry .

NEW York. Feb. 23 -I'oultry-AIlve firmerWestern chickens. 12c: fowls. 12c; turkeys l.'.c Pressed easier; Western chickens. 14014V1 fowls. 12S013c: turkeys. 174919c. CDfCINN ATI. Feb. 23 -Poultry steadv ; hens 11V: sprlnsa 11 V. turkeys. 14fcl5c. Cheese steady; Ohio flats. 10 VST. LOCIS. Feb 23 Poultry steadv. chickens lb . springs. 11c; turkeys, 14c; ducks, 13c'; geese. 8c. CHICAGO. Feb 23 Poultry Live easier: turkeys, 12c; chickens. 11011V: springs. 1H-.C

Cotton.

NEW ORLEANS, Feb ..: c ttoa Arm Sales. 5. 45 bales. Ordinary. 11 l-18c; god ordinarylow middling. 13V: middling, 14c; good middling. 14 5-l6c. middling fair. 14 ll-16c. Receipts. 2.975 bales: stock. 385.352 bales. NEW YORK. Feb. 23. Cotton-Spot dosed quiet and 30 points higher: middling uplands 14.80c; middling gulf 1 s.i -

I e t ii 1 1 .

ST. LOUIS. Feb. 33. Lead quiet at $4.37,,'-j) 4 4j 8elur. $4 .:

CtHCAOO, Feb. 23. With the suddenness of a culprit jerked from a scaffold, the May option of wheat to-day fell 5VTrading was on an enormous scale. Fears of European complications In the Ruseo-Japanese war forced the price up to a new high-record mark. $1.08V but tremendous liquidation caiiFf"1. a headlong dive to $1.03U compared with Saturday s close. The final figures were down IV. July closed IV lower. May corn was off Vrac, oats lc and provisions 15c to 27l-c. Wild excitement marked trading in the wheat pit from the very start. Buying orders apjteared to come from all directions at the opening The cause was rharp advances In foreign grain markets. A rumor that the English fleet had been ordered to intercept any attempt by the Russian fleet to pass the Dardanrlleb furnished an additional motive to many traders. The May delivery was in more active demand than the deferred futures and. as a result, initial sales on that option were at an advance of c to 2V over Saturday's closing figures at $1-8836 to n.88. The wide range of prices showed more plainly than anything else the excitement under which the market opened. Whits some brokers S8P8 bidding $1.08'i a bushel for wheat, others almost by their sides, were selling that commodity for 2c a bushel less. TBADINO ON ENORMOl'P SCALE. The volume of trading the first few minutes was enormous. Hundreds of thousands of bushels were sold on the advance and under this heavy profit taking the price of May fell an even 4c. from the high point to $104V July declined to 94V. or 1 5-8c from the top. Many stop loss orders were reached on the way down, which added to the weaknesa Shorts in the May option took advantage of the break to cover, and the buv'.r.g from this source caused a recovery to $1.06. Within the last" fifteen minutes another flood of selling orders appeared in the pit. The result of this renewed attack was a break in May to fl.OlVt. a decline of "V from the high point. July sold off to 92V. a loss of 3V The close was weak with May at $1.04. uly closed at 93VClearanees) of wheat and flour were equal to 386.800 bushels Primary receipts were ItLMQ bushels, against 824.000 bushels a year ago. The amount on passage Increased L 388. 881 bushels, while the visible supply decreased 1.371,000 bushels. Minneapolis. Duluth and Chicago reported receipts of 760 cars, against 51o cars last week and 722 cars a year ago. CORN MOVES WITH WHEAT. Corn was traded In heavily and prices moved In sympathy with wheat. The opening strength in wheat caused May to open a shade to Vt'V higher at 57057V There wa a great deal of profit taking at the start, due to the heavy liquidation in wheat. May declined rapidly to "fir, but good buying develoied on the slump and the market went up with about an much alacrity ss it had fallen. Late 1n the day another break was brought about by the second sharp decline In wheat prices. May sold off to 5314c and closed at a net loss of 1101 V" at 55V- July ranged between St? V. Local receipts were 63:1 cars, none of contract grade. OATS NERVOUS TOO. Oats were exceedingly nervous and on that account the volume of business was somewhat restricted. The feature In trading was the heavy selling by a prominent commission house. supposed to be acting for Patten. The action of this house was followed by smaller holders, wrtch resulted in a decline of IV In May and lc In the deferred futures. The buying was mostly by shorts. The close was near the bot

tom. May opened unchanged to c higher at 45V to 46c and after ranging between 44c and 46V. closed at 44V. Local receipts were 400 cars. PBO VISIONS CLOSE LOWER. Provisions were excited in the same degree as the grain markets. The opening was wild, with prices strong, but a general rush on the part of holders to sell caused a loss of all of the initial advance. May pork showed the greatest weakness and declined to 45c from the top mark. After selling between $15.60 and $16. 05 that product closed 27''c lower, at $15 67V May lard was down 17 V?. at $7. 77 VS. while ribs were off 15c, a $7.57V Estimated receipts to-morrow: Wheat, 45 cars; corn, 560 cars; oats, 22o cars; hogs, 50,000 head. Leading futures ranged as follows:

Tl.s BMOlliE 1VOHKS Pltn i.RRKD TOCK aBPOITUI MU AT n7.

I'irst Srxlun of Kxclinnge Since Friday 4 luiSMPS in the Lint Loral riliaiiciill (osftip.

Articles. Open- High- Low

Wneat-

May . July July Sept Sept i'orn Feb .. May . July . Oats Feb ., May . July . Sept . ForkMay . July . LardMay . July . RibsMay . July . Old.

ing. .. 96 .. 95'a .. 00 .. 894 ... 53 . . 57 55

... 45 ... 41 ... 36 ...16.00 ...16 024 ... 8.00 ... 8.20 ... 7.7j ... 7.67i New

est. 97 V j 96 92 904

est. $1-034 :.., 924 89 88

Closing Fb. 23. Fb. 21. $104 $1.054

944 934 V "4

954 854

9:8 84

IPX 524 524 534 574 55 4 V. 57 554 544 544 55 424 42 46 4 444 44 4 454 424 04 414 414 374 3t4 364 37 16.05 15.60 15.674 15.95 16.10 15.70 15.724 16.00 S.O.". 7.S24 7.874 8.05 8 20 7.974 8-00 8174 7.80 7.55 7.57 4 7.724 7.95 7.65 7.70 7.824

Cash quotations were as follows: Wheat No. 2 spring. yso0$l.o6; No. 3, 90cfc$1.02; No. 2 red, $1 S8401.ll. Corn No. 2. 52c; No. I yellow. 524c Oats No. 2. 4240424c-; No. 3 white, 414045c. Hye No. 2.734'U:6c. Barley-Oood feeding. 419 41c; fair to choice malting. 48058c. Flax sad No. L $1.12; No. 1 Northwestern. $1.184. Prime timothy seed. $3.25. Clover, contrsct grade, $11.15. Mess pork, per brl, $15. 6240 15-75. Lard, per 100 lbs. $.7O07.8O. Short rib sides (loose), $7.500 7.624- Dry-salted short clear sides (boxed). $7.50 7.75. Whisky-Basis of high wines. $1.27. Receipts Flour. 41,000 brls; wheat. 52.700 bu. corn. 6J7.200 bu; oats. 57),4ix) hu; rye. 8.i00 bu; barley, 179.80") bu. Shipments Flour. 27.800 brls; wheat, f.9,30i bu. corn, 143.000 bu; oats, 206.100 bu, rye, 5,8oO bu; barley, 15.900 bu. Vinible iLfapljr pf Grain. NEW YORK, Feb. 23 -The visible supply cf grain Saturday. Keb. 20, a3 compiled by the New York Produce Exchange, is as follows: Wheat. 36.847.000 bu; decrease, 1.371,000. Corn, 8.712.000 bu; Increase. 948.i00. Oats. 9.246.O00 bu , increase, 488.000. Rye, 1.093,000 bu; decrease. 26.00t. Barley, 4.3W.000 bu; decrease, 218.000.

Local Cash Markets. Wheat firmer: No. 2 red. $1.08 track. $1.08 cn milling freight; No. 3 red. $1.05 track; February, $1.08; wagon. $1.07; March. $1.074. Corn steady; No. 2 white. 454c; No. 3 white. 454c; No. 4 white. 434c; No. 2 white mixed. 45l4c; No. 3 white mixed. 454c; No. 4 white mixed. 43c: No. 2 yellow nominal. 454c; No. 3 yellow nominal. 454c: No. 4 yellow. 43c; No. mixed nominal. 45c; No. 3 mixed, nominal. 45c; No. 4 mixed nominal, 434c; ear nominal, 45VOats stead ! NO. 2 white. 454; No. 3 wmte, 45c; No. 2 mixed, 43c; No. 3 mixed nominal, 42' -c. Hay steady; No. 1 timothy. $11; No. 2 timothy nominal. $10. inspections Wheat : No. 2 rod, I cars; sample. 2: total, 4 cars. Corn: No. 2 white. 1 car: No. 3 white, 30: No. 4 white. 2; No. 3 white mixed. 1. No. I yellow. 1; No. 3 yellow. 3; No. 4 yellow. 4; No. I mixed. '.'; No. 3 mixed. 4; No. 4 mixed. 4; no grade. 1: car. 1; total, 54 cars. Oats: No. 2 mixed. 1 car; rejected. 1: no establish! grade. 1; total. I car.. Rye: No. 3, 1 car. Hay: No 1 timothy, 4 cars; No. 1 clover mixed. 1; total, 5 cars. THE WAGON MARKET. Corn 40050c. oats Sheaf. $S',,p"': shelled oats. ff42e. Hay Mover. $7.50c,i8; timothy. $10011, mixed. $1011; millet. $S09.

NEW YORK MARKETS.

THK WAV SHK DO KS. "Why tlid Jones name his auto after his wio-?" I48S he &xpi;ia 11 to Uow Uiiu up Dmipjnnalti "

NEW YORK. Feb. 23. Flour Receipts. 24.410 brls; exports. 52.09 brls. Market very' firm, but held firm above buyers' views; winter patents, $5.1005.40; winter straights. $4 851i5 15. Rye flour firm: fair to good. $4 304.45; choice to fancy, $4.5004.75. Huck wheat flour dull. Corn meal firm. Rye quiet. Barley quiet Wheat Receipts. 13.650 bu: exports. 22.526 bu. Spot Arm; No. 2 red. $1.07 elevator and $1 OstCl.10 f. o. b. afloat: No. 1 northern Duluth. $1.10 f. o. 5. afloat; No. 1 hard Manitoba nominal f. o. b. afloat. Options opened Arm on strong cables and the war outlook. Iater they eased off under heavy foreign selling, mild weather 4hi the Southwest and realizing The market again advanced on good bull support. Profit-taking, reports of financial failures in Berlin and indications of great weakness al Chicago eased prices ;.nd the close was unsettled, at 4c to c net lower Mav, $l.0344jl 054. closed at $1 3'2; July. 9S4c0$l.OO4. closed at 984c; SeptemU-r, 91Si97c. clo.se i at 91V Corn Receipts. 5,052 bu; e.jorts. 30.542 bu. SiKt firm No 2 nominal elevator and 57c f.o. b. afloat; No. 2 yellow. 59c; No. 2 white. 57c. The option market was steady on good cables, stiength in wheat and good local su port, but broke later, with grain and provisions. The close was unsettled, at Sc to c net lower. May. bu4i24c. closed at 61c; July. 594060c closed at .".44c. Oats Receipts. 145.500 bu. Spot firm; No. 2. 54'n57c; No .".r1 i-Vs.-. standard w hite. 5 7 4 058c; No white. .'.7 . I '-Si Hay quo-t Hops firm- Hides firm, leather Arm. Wool Arm Coal nominal. Beef tit in. Cut meats steady. Lard easy; Western t. amed. $s : 1 Refined easy; contiCu.NTLNULD ON PAOfi IL CUL. ll

The week in the local securities market opens with report of much business "on the curb.'' or In the open market, but no sales were reported at he SSSS88B of the Stock Kxehange yesterday. The session yesterday was the flrst since the one last Friday. The same, as for some time past, the activity In the bidding on the exchange was in a few of the leading stocks, the prices of most Issues, including the bank and trust company stocks, remaining Arm. but practically unchanged. 4-4-The rale of a block of 100 shares of Atlas Engine Works preferred rtock at 107 by one of the Washington-street houses Indicates a renewed demand for this issue. On the exchange yesterday the bid was advanced to 1044- No stock came out on the advance and none was offered. Recently the ask price was unchanged at 107 for some time. The sale at this flgure of 100 shares was not reported to the exchange. 4-4-The bid prices for brth the common and prefer! ed stock of the I'nlon Traction Company are at a smaller discount from the ask prices than they have been at any time on the advance in these issues. The bid for the common yesterday on the exchange was 34. with the ask at 354- Wheo the bid was down at 30 the ask price was three points away, but it has advanced less rapidly than the hid. The same is true of the preferred. The bid for it yesterday was 73. with the ask price a'. 75. The ask has been at this flgure for some time, and - as not gone up with the bid. Ten days ago the bid for the preferred was around 69. a dtscount of about 6 points from the offering quotation. A good deal of activity in both the common and preferred is reported. 4-4-The Indianapolis Abattoir preferred stock probably will be quoted on the exchange to-day. The Issue was listed last week, and It had been the intention of th members of the exchange to establish Arst quotations on It yesterday. But one member asked that the matter be postponed until to-day. The preferred stock of the Indianapolis Abattoir Company amounts to $200.0oo and is on a 6 per cent, dividend basis, payments semi-annually. 4-4-The annual meetings of the Union Traction Company of Indiana and the Indlanaiolls Northern Traction Company will be held at Anderson, March L The meeting of the former company will be held Arst, at 10 o'clock. Notices of both meetings have been issued. Concerning the meeting of the Indianapolis Noithern Traction ComIany the notice to stockholders says: "Under the consolidation agreement between the Indianapolis Northern Traction Company and the constituent Traction Company of Indiana, shareh dders of the consolidated I'nlon Traction Company of Indiana are entitled to vote at said in. . ting of the Indianapolis Northern Traction Comps-iy their shares of capital stock of said consolidated company to the extent of thirty-five eighty-fifths of the par value thereof." 4-4-Midland Portland Cement common stock declined 24 points on the ask price yesterday and the preferred 5 points. The bonds showed a dscttSB also, of 24 points on the ask price. Indianapolis Northern fives showed a loss of 1 point on the bid price, and Indiana Hotel sixes declined 4 point on the bid to 95.

DAY OF FEARS IN STOCKS modern methods

Cgiiotatlons. STOCKS American Central Life Insurance Co American National Bank Atlas Engine Works pref Belt Railroad common Belt Railroad pref Brown -Ketc ham Iron Works pref... Capital National Bank Central Trust Company Climax C. and B. P. Co Columbia National Bank Consumers' las Trust Co Delaware and Madison Co. Tel Federal Union Ssrety Co Home Brewing Co Indiana Hotel Co. pref Indiana National Bank Indiana Title Guar, and Loan Co... Indiana Trust Co Indianapolis A Martinsville R. T. Co Indianapolis Fire Insurance Co Indianapolls Oas Co Indianapolis & Eaatern Ry. Co Indiana Union Traction Co Indianapolis Stree. Railway Indianapolis Traction & Terminal.. I.aw Building Iayccick T. B. Mnfg. Co. pref Marion Trust Co Merchants' National Bank Midland Portland Cement common. Midland Portland Cement pref New Telephone Co New Telephone Co. Long Distance. People's Deposit Bank Polk. J. T. Co. pref Rauh Fertilizer pref Security Trust Co I'nlon National Bank I'n ion Traction common Union Traction pref I'nlon Trust Co Van Camp Hardware Co Wasson pref '. BONDS Broad Ripple fives Citizens' St. R. R. fives Del. and Mad. Co. Tel. Aves Home Heat, and Light. Co. fives Indiana Union Traction fives Indianapolis, Col. & Southern fives.. Indianapolis A Eastern Indianapolis & Greenfield R. R. fives Indianapolis Gas Co. sixes Indianapolis & Martins. R. T. fives. Indianapolis St. Ry. fours Indianapolis Water Co. fives Kokomo Ry. & Light Co. fives Merchants' Heat & Light Co. fives. Midland Portland Cement fives New Telephone first fives Nsw Telephone second fives New Tel. Long Distance fives Union Traction of Ind. fives Indianapolis Northern fives Indiana Hotel sixes With accrued interest. MNo bid tat ion.

Bid. 80 1514 104 ill 120 104 145 130 iii" 900 s s 89 117 40 235 60 161 143 '

12 854 35 79 222 196 40 90

110 iöö' 100 101 34 73

P., 90 1054

101

104 88 80 99; 1024 . 95 88 80 944 M4 95 or ask

Ask. 994 155

125 iiö' 85'

47 92 55" 724 16'. 49 150 75 50 17 88 38 86 225'

85 60 115

1014 354 75 -I'.'. 107

1074 90 100 80 105 1004 103 105 88 82 101 101 103 '92" 8 1 4 90 974 89 102 quo-

General Financial New. General monetary conditions at this time point to lower prices for United States bonds. The release of about $30.000,000 of government bonds by the withdrawal of 20 per cent, of the government deposits held by the national banks will be one of the contributing conditions causing decreasing quotations for these cecurltles. Says the Wall-street Journal: "Not much has been said regarding the effect of this large financial operation upon the prices of government bonds. The $167.000.000 of government deposits In the national banks are mostly soc-ired by United States bonds, the amount seemed by the state and city lionds being only a trifle in excess of $23.000.000. The deposits which may be withdrawn by the secretary of the treasury to provide for the Panama canal iayment will, therefore, liberate a corresjonding amount of the United States bonds. This will increase the floating supply of these securities, and an increase in the supply means lower prices. Of the bonds deposited to secure public deposits, $111.000.000 are the 2 per cent.'s of 1930. It Is fair to assume, therefore, that most of the bonds which will be liberated by the withdrawal of deposits will be of this c!a;s. The release of so many of these bonds ought to have the ef

fect of increasing the bank note circulation

ion, 4n of tfie to nie

which case the effect on the market price

Umds would be greatly diminished. As

outlook for an increase in circulation, there is much to be said on both sides. The outstanding circulation on Feb. 1. was $426.87.000 There was an tncr-a.-e m circulation during January of nearly 1.700,oou. notwithstanding the fact that

many banks are letbing circulation, the allowable '.Imlt of retirement. 83.000,000. having b-en reached in January, with applications for the rsUrssssnt of the full $3.'0o.00i being made for Fcbiuary. This is the time of the year when the cash accumulates in the banks and when the demand for bank notes falls off. the movement of the harvesting and the movement of the crops having been fully financed. New York hanks especially And it difficult to keep their bank notes in circulation at such a time as this, when the movement of currency Is towards this center. Nevertheless, the decline in the price of the I per cent.'s make them very attractive as a basis for circulation, as there is a considerable profit on th- present basis The National City Bank, in its February circular, calls attention to the fact that many of the national banks acting as government depositories are In no position to avail themselves of the bonds released by withdrawal of public deposits, ss the basis of ne w circulation. It says that of the 848 government depositories. 408 have circulation equal to their capital, and. therefore, cannot ln1 . s.- it Tri':-- 4r. b.-iiks hold over $52.000.000 of the government de;oelts. so that many bonds will be released which cannot be used by the banks owning th-n. It follows toat it th.-y are to be used for circulation, they must he used by other barks As the capital of all rational banks is $75H.Ooo,ikk. there is a capacity for expansion amounting to $331.000.000. It has been a long time since so large an amount of

available for proutable circulation."

RUMOR! or DBCHIOH l NORTHER sei t RfTtRl um:d w i:hM:ss.

Market Was Strong at Opening;, lint De elopi'tl rnk Tone in the Afte I'll 00 11 Bonds Active.

Sales of stock shares) Corresponding day last year Sales to date this year To corresponding day last year

87S.4MM) ri:.4M) 30, i.7.r .

NEW YORK. Feh. 23.-A good start against depression was made by the stock market this morning, but the tone became nervous and apprehensive as the day wore on. and in the after

noon there was positive weaknesa. Some of the early Improvement had Its im- j petus from foreign sources, where the success of yesterday in calming the panic. conditions on the Paris Bourse was followed by some rebound. The later action of the local market gave rise to the supposition that none of the early advances were stimulated by manipulation . to afford a better basis for selling. The concentrated nature of the selling induced some fears that large interests were liquidating their holdings. The suspense felt over the com

ing Northern Securities decision was an iBBJMttatit Influence in the market, and there was room for the opinion held by some persons that it was the dominant influence. Wall street was entirely at sea during the morning as to what to expect on the subject. London reported a belief that a decision would be handed down to-day and would favor the company. No decisive information could be secured here whether the court would hand down any decision to-day at all. Monday being the usual decision day. It was doubtful whether the holiday of yesterday would lead the court to hand down their recess decisions on this, the flrst day of assembling

hen the report was received that decisions were being delivered the market showed the j greatest weakness of the whole day. in sytn- j pathy with a break of 24 in Northern Securities Itself on the curb. I'neaslness over the foreign flnancial situation ! was revived by the report of an important banking failure in Berlin, and the strength of the local Exchange market gave color to the doubts 1

reit. It Is realised that Eurojs? is not stripped of American securities, however large the recent reduction in the floating supply there may have been. Extensive flnancial disturbances in Europe would be sure to precipitate pressure upon the world's strongest financial point, which seems to be New York at present. The influx of cash into New York, which is making it so strong, i.viewed somewhat dubiously, taken In connection with the decline In railroad earnings and the shrinkage in the country's bank clearings, pointing to a decrease in business activity, which is not wholly reassuring. The pendency of the vote on the Panama treaty pointed to an early call by the secretary of the treasury for a portion of government deposits in national banks. A further cut in the lake grain rate kept alive apprehension over the war of rates. The end of the moriatorlum on Baltimore obligations uncovered no embarrassment, which caused satisfaction. The market closed at about the lowest of the day and showed losses ranging between 1 and 14 points. Southern Pacific was the most actively pressed for sale, and a number of dormant stocks made violent declines. Bonds were moderately active and easy. Total sales, at par value, were $1.340. 000. United States tnrees. registered, advanced 14 per cent, on call. Sales and th-; range:

High- LowJ t los. Sales, est. est. Bid. 29.700 684 644 844 400 884 84 8i4 25.800 764 744 74 M4 '4.80Ö 1134

155

1,200 304 2t 200 36 354

- - a 1 .

t ofivinnnv nun an g iitr mrgrmt fmsfforis in the- country- we inn hnnttlm yours. I' e cf as consulting accountants BAKER-VAWTER CO. A uditotH, Acmnnrttnts, Srfrm!irra LOOSE LEAF SYSTEMS J O. CQMhA Mtk esst. for Indiana '.I! Sfevcrjos. htm 2219 Q. U Citen W7.

A. R. Thompson & Co. Bankers and Brokers. Room 31 Board of Trade Building Dally Market Letters 00 Stock, Grain and Cotton. MAI. ED FREE OL ItEQUEsT.

Northern V Norfolk &

Reading general St. Loan Ac lrn St. Louis & San St. Louis Southw

four

furs Mountain mnxH Ave Francisco fg. fours...

;e. .

four.

fours . . second

Toledo. St. L. A W I nion PaciAc fours Union PaciAc conv. I'nited States Steel

Wahah firsts Wabash deb. B Yniing & lake Erie fou.t i-coasts Central fours... Colorado Fuel & Iron conv. Offered.

Aves

. 91 . 44 . ss . BJ . tt ' - 4 H 1

lilcaKo Mocks. By A. R. Thompson & Co. 's Wire ' len High- Low- ClosSTOC'KS lag est. est. in. Amertcen Can 14 " 3Ts Am. ri an Can pref 344 344 34 S44 DumoM Match 1294 l?ls 12 129 National Biscuit 34 294 384 National Biscuit pref 1014 1014 W WITS Swift & Co 1O04 '-004 1004 1''4 I'nited Box Board I'nited Box Board pref 1S4 184 184 18 No sales.

300 100

84 194

ft-88) 200 Ml

400 13.000 2.600 3.300

15 52 22

1.200 159 15"

3X 255 o 18

664 6

234 224 624 614 40 384

RAILROADS Atchison Atchison pref Baltimore & Ohio Baltimore & Ohio pref Canadian PaciAc (Antral of New Jersey Chesaj)eake A Ohio ... Chicago A Alton Chicago & Alton Dref .

Chicago A Great Western 1.400

Chi. A Northwestern ... Chi.. Mil. a St. Paul Chi.. Mil. A St. P. pref . Chi. Ter. & Trans Chi. Ter. & Trans, pref . C. C C. ft St. L Colorado Southern Colorado South. 1st pref. Colorado South. 2d pref. Delaware & Hudson ... Del.. Lack. A West... Denver ft Rio Orande . Den. & Ric Grande pfst Erie

Erie 1st pref Eric- 2d jiref Hocking Valley Hocking Valley pref .... Illinois Central Iowa Central Iowa Central pref Kansas Udty Southern .... Kan. "lty Southern pref.. l-r.jisville ft Nashville .. Manhattan L Metropolitan Securities .. Metropolitan St. Ry Minn, ft St. L M.. St P & Sault Ste. M M.. S P. ft S. Stc M. pref Missouri Pacific Mo., Kan. ft Texas Mo.. Kan. & Texas pref.. Nat l. R. R. of Mex. pref New York Central Norfolk ft Western Norfolk ft West, pref Ontario & Western .... Pennsylvania P.. C. C. ft St. L Reading Reading 1st pref Rradlng 2d pref Rock Island Co Rock Island Co. pref St. L. ft San. F 2d pref St. Louis Southwestern . . St. L Southwestn pref.. Southern PaciAc Southern Railway Southern Railway pref .. Texas ft PaciAc Tol., St. L. ft West .... To . St. L. ft West pref.. I'nlon Paclftc T'nlon PaciAc pref Wabash Wabash pref Wheelins ft Lake Erls .. Wisconsin Vntral W i - Central pref

EXPRESS COMPANIES Adams American United States Wells-Fargo MISCELLANEOUS

Amalgamated Copper .. Amer. Car ft Foundry .. Am er. Car & Foun. pref Amer. Cotton OH Amer. Cotton Oil pref .. American Ice Amer. Ice pref Amer. Linseed Oil Amer. Linseed Oil pref Amer. Locomotive .... Amer. Locomotive pref

Amer. Smelt, ft ReAnlng 1.500 Amer. Smelt, ft Ref. pref 800

Amer. Sugar ReAning .... n.COO 124 Anaconda Mining Co 100 62 Brooklvn Rapid Transit 23,400 41 4 Col. Fuel ft Iron Co .... 800 31

Consolidated Oas Corn Products Corn Products pref . Distillers' Securities Jneral Electric ... International Paper .

International Paper pref 300 65 International Pump

International Pump pref National Lead North American PaciAc Mail People's Oaa

Pressed Steel Car Pressed Steel Car pref .. 100 Pullman Palace Car Republic Steel 200 Republic Steel pref Rubber Goods 808 Rubber Goods pref Tenn. Coal & Iron 1.700 United States leather .. 2,000 U. S. Leather pref 100 I'nited States Realty 2ui I'nited States Realty pref 1.100 United States Rubber U. 8. Rubber pref United States Steel 2.200

I'nited States Steel pref.. 20.900

15 144

M.CN 1384 1374 1374 172

35 814 144 162

84 194

4 1-4 72 144 D14 214 rs

2804 250

184 184

144 52 22

224 614 3

400 81 81 M4 1.400 1274 1264 126 . 111)1 m s 3 . 9 . ' 314 2,600 103 101 101 2.200 142 141 141 300 85 84 S34 14.800 1154 1144 1H 500 614 69 S94 118 9,800 894 ttfi 874 800 154 147 144 800 354 35 35 35 3.600 r.44 1134 U34 800 56 554 554 88 6 600 204 194 14 74.100 1144 HIS 1124 68 10.300 414 39 34 77 200 58 88 55 21.400 214 194 194 600 594 59 9 100 424 424 414 100 134 134 134 1.200 31 30 2 53.900 454 424 424 2.500 164 P4 184 1.400 Sc 7V4 2.000 224 214 214 100 23 23 22 100 33 33 32 32.200 754 73 II 100 874 874 874 1.000 184 174 17 2.900 344 33 a 100 144 144 144 100 i84 1S4 174 400 42 404 394

220 185 100 M

45 18 67 284 8 74 294 9 27 214 79 4. 4

1224 1224 62 2 284 38 304 304

5.200 1904 I884 1884 500 174 17H 17V,

26.. '.'Vi 500 3U0 100 "4OO 400

2.2O0 300

47 194 674 29 "74 30

224 7:4

904

444 19 674 29 "74

214 79 47 90

100 70

101 234 3.400 163 200 UVt,

2f 1M) ?, N) 1.;

144 82 27 98 w" 74 '0 '354 76 76 r 53

234 158 114

14U 82. 2--4 :i w "'74 194 344 76 76 74 514

cvtinghouse Electric

4"0 1594 154

23 1 11 ,4 1 , 33 71 144 824 26 27 684 2(9. 7 43 19 7", 344 76 75 74 .-.14 I' 4 46 18ft 55

BROKERS' VIEWS ON THE STOCK MARKET A. W. Thomson NEW YORK. Feb. 23 A heavy failure abroad, coupled with generally depressed conditions thtre. while a contributing factor for some uneasiness here, this would hardly account for tha selling in our active railroad Issues to-day. Rumors early in the day that :he Nrthia Securities case would be handed down and aa unfa o: able decision would be rendered, was used to depress the list, but this decision sill likely not be forthcoming for some time yet. Continued extraordinary weather conditions ara more likely to be the depressing factor thaa anything else, as this is causing severe losses to railways throughout the North, and earnings will show very bad for the next month. IMcyer ft Kiser NEW YORK. Feb. 23. General declines wera made throughout the list in the afternoon sea slot; of the stock market to-day and an exceedingly weak tone developed. Some of the losses were severe, snd the tendency of the market was clearly downward. The telling could not be attributed wholly to tiie short interest, and it was very evident that long stock was coming out. Some attribute the break to the further uncertainty cor.oernlng the Northern Seourln-s decision. Although the Supreme Court convened to-day and handed down a number of decisions, the Northern Securities case was not on the list. There were many who expected tha decision to-day, and as a result selling of stock, becarn" general in the afternoon. It waa figured, out by the speculative farterntty tht ihe -cislon, whether advents or not. would be preferable to the contlnusd uncertainty. It may bs that the caae will not be decided for a month and each day's delay simply prevents tny activity in the market. The owning market was fairly steady, and. while the tone was heavy, no weakness developed until the lattt-r part of the econd hour. A reaction Fet ti. ih.t. whu Ii w continued throughout the rest of the trading session. Southern PaciAc and I'nlon Pacific wers fairly strong at the opening, but subsequent ly d. v eloped much weakness. Souttiern Paclftc was heavily sold without any specific cause to hi -count for lt. 1 nion PaciAc also sold down and St. Paul, Atchison. Baltimore St Ohio. Pennsylvania, N-w ork Central. Lousivllle ft Nashville, Norfolk ft Western and the Reading snd Erie stocks all broke and showed no resisting lower. The Steel stocks held fairly well. athjugh the preferred broke one point. Amalgamated Cqpier pref. was sold heavily snd broke easily. General El?ctric waa weak and there a ere many bearish rumors circulated on the stock. Tie entire tone of the market wss feverish nd weak. Money showed little changs and news of Importance aas lacking. A. R. Thomper.n Co. NEW YORK. Feb. 2 There was gratifying activity in the stock market to-day and even though at the expense of values to a modern ts extent, was welcomed by Wall street for thS reason that the intense dullness of the last week mads the burden almost too hard to bear. The reaction gives a line on future movements and makes judgment more accurate, so that ws are now prepared to say that on this break tocks of the best character, like Union PaciAc. Southern Pacific. Missouri Pacific. United States Steel preferred and Gas. which were well bought to-day. should be bought to hold without hesitation, as they will, with a temporary choppy fluctuation, rise to much higher prices later on. Money is beginning to circulate and stimulate business. This Is evident to us from the advices i-eived from vsrious banking connections, which say that the war supplies are lelng purchased more heavily in this country than elsewhere and that it Is certain to eshllarate general conditions In the East. The prosperity of the West and South is assured of mal nts I nance by the buying of agricultural products. The 1 tterment of the iron and stei business Im assured also by the requirements of the various powers for further armanient. There has Inn-n much talk of James R. Keene assuming the bear side of th Mock market, but we are of the opinion. Judging from close affiliation with him, that the well-known ox-rator is doing practically nothing In the stock market The conservative people of the street are watching developments, but they are not selling the market short, and are advising friends who can afford to hold stocks, to buy them for a long pull whenever they are attacked like to-day. We do not believe a better position than this can be assumed, and advise that you do the same. IPorterfleld ft Co.) NEW YORK. Feb. 23 London and Paris wera both over Friday's fright and demoralisation and the market here showed fractional gains In the early trading, but soon a fsellng of uneasiness cpread over the roc m and stocks were offered more fr-ely than for some time. The expected decision in the Northern Securities case acted as a pall over the market and assisted the bears. After the announcement from Washington of its postponement th market had gslned sufficient downward movement to yield to other influences. The acticn of Pennsylvania in cutting Ith in rates in c-oniunctlon Ith the unsettled

I rate West, were pointed out as a disturbing j feature. These feature, together with the un-

stttleu war :;iiuii"ii 111 "'- ' much for the pools who have b" n holding securities. The strongest feature was Peoples Gas. Other show declines, raging fr- rn $1 to a. It looks like lower prices in tne morn tag. There is a big short interest in the ft1"1 that 1 mi j act as a panacea, but good auth-r.ti' think tha market will be some lower before Wednesday ni?ht. THE MONEY JjCARKET. Hut' mi Loans and lAclinime- lenrliiKN and lllnrounts.

INDIANA1'"IJS -Commercial paper. 6 cent.; time loans. 548 per cent.

Wertorn Union 1.300 S74 S8 8 Total sales 4"5.000 Ex. dividends. UNITED STATES R NDS

I'nited. States refunding twos, reg I'nited Stales refunding twos, coup I'nited States throes, reg I'nited Stats threes, coup I'nited States new fours, reg United States new fours, coup United States old fours, reg United States old fours, coup RAILROAD BONDS Atchison adjustment fours Atlantic Coast-line fours BaltlSPnrs ft Ohio fours Baltimore ft Ohio three-and-a-halfs ( . i.tral of Georgia fives Central of Georgia Arst inc Chesapeake ft )h!o tour-and-a-hulfs Chicago Ac Alten three-and-a-halfs Chicago. B. ft ej. rew f iuis Chicago. M A: St 1 general fours Chicago ft Northwestern consul Sevens. Chicago. K. I. tit P. R. R. fours Chicago. R. I. ft P. R. R. col Aves C. C.. C. ft St L. general fours Chicago Terminal fours , Consolidated Tohacco fours Colorad ft Southern fourx

Denver ft Ri Grande fours Iie prior lien fours... Erie general fours Fort Worth A- Denver City firsts Hocking Valley f cur-and-a-halfs Louisville ft Nashville unlfb.i fours. Manhattan conrol gold fours Mexican Central fours ,

Mexican Centrai first Inc U Minneapolis Ac St. Louis fours 984 Mbsourl. Kansas ft Texas fours pjZ Missouri. Kansas Ar Tvxa seconds 77 '? National It. K. of Mexico consid fours 73 Ksf V rk Central gen. three and-a-halfs. . . 97 New Jersey Central general ries North, in Pacini fours 103

.105 .hi', ! . pv.4 . 132 4 . . IO74 Istft . 88 - 92 .101 . 92 .M5 . 7 188 . 75 . !2

87 . sfft 7''

. !74 r4 14 1' . 4 102 . 6(

ImlinniipolU Clearing.

Tuesday's clearings Corresponding day last Balances

.ear.

1 1.160.51.77 177.thte.4g

ew lurk Halrt. NEW Y)RK. - Money on call steady: highest. 1 Pr cent . iowrst. 1 i-r cent : tu.ir.g rate. 14 cent.; last loan. 14 P cent.; closing Sag, 14 per c tit ; offered :t li l-r e-e nt (nm p steady: sixty das. iti 34 per cet : rnnet ca :. 3-jj:4 per o-nt . --ix months. 4 i r 'nitile ;ii-r. IV'1 per tint. "i"? bil8iaa firm, with ae tual buslneas in d''1

14. 6. 2! 4.88. 25 for demsn! aaa f,.i slxtv-day ill 7 1 11 and 84.S844J4.87. Commercial Id

44.

l.ne Itnlrs tltrnnd.

discounts. 15c for tha

LONDON Money. 34984 P-r cent 344234. Consolr, 84-

PALIS - Tin.- r ..nt t-ntes. 95f 45c foi account BERLIN.- Exchange on Londaa, SSsn 8Bi cheeks Discount rstes: Bhort bUls. 1 cent . three months Mils. J. MnrUrta lir Miser. NEU YOiiK. Bar silver. 58c; Mexican lars. Ma, -. , L ND N o." (. .! an ounce. Tr'nnr Statement. VAsHINGT 'N Tueelay's statemrnt of treasury balances in the general fand, ei Slvs "f th 1158,088,888 gold reserve in the div o? redemption, shows:

Available cash balance 8238, B I Gold Wl.P WASHINGTON. Fb. 22 -National bank I I received t.-day for redemption. y,'v.4, giM j ment receipts from Internal rvn.uf; 9hW JCUStir.'- $71". 641. nil- 0 . 8

IhS

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