Indianapolis News, Indianapolis, Marion County, 27 May 1899 — Page 10
THE INDIANAPOLIS NEWS. SATURDAY. MAY 27,
1899.
PROMOTING METHODS ALARM
INFLATED AND FKOMOTED STOtTiS TO BE IN A IEASS ALONE.
1 lie Fill Boom Nearly Over-Weekly Hevlew of Tradr—Bank Clcarln*a —Eaporta of Oraln—Ixieat Jcbbinic Frlrra.
Rradatrert's table of bank ctearinf* for the week ended May 36 ahows the totals for the principal cities of the United State# to be |l.SB,KKl k i%, being an increase of 611-10 per cent., of which Increase 21 per cent. Is outside of New York city. Business failures number Utt for the week, Mkalnst 111 last week, 231 in this week a year a*o. XT in 1«97, 227 In 1MW and 1K3 in 1SS6. Business failure# In Canada number twenty-three, as againwt eighteen last week and in this week a year ago, twenty In 1897, twenty-four In 1896 and thirty-six la not.
A NOTE OF ALARM. Sounded by the Dan A Co. Trade
Review.
Ne^ York. May 27.—R. Q. Dun & Co. s weekly review of trade to-day says: There la some fear that haa no other source than the habit of fear. Men have, found for so manv years disaster treading on the heels of apprehension that they lack faith In good things present and to oome. Evtry year there is worry about short crops and >« the crops grow larger. The specter of monetary trouble haunts men who know that the country is strong beyond any need. Promoting methods alarmed men, a ho are already quite aware that it is only needful to put promoted stocks in the class by themselves. But all the time the volume of business is rising. This week s payments through the chief clearing house are 62.1 per cent, larger than last year and 68.os larger than in 1882. Moreover, this week and every other brings larger wages to many and Increased purchasing power and the demand for products is consequently expanding in all branches of consumption. The rise In bessemer pig iron to H7.«6 at Pittsburg, 12 in two weeks, in gray forge to *lo.23. In anthracite No. 1 hero to 116.75; In local aud Southern iron at Chicago results directly from the fact that supplies are for the time leas than the demand. Many are ln hastf ^ begin work, di£l.", UCC ** d,n *' but ot bers hindered by Headed‘LrSi prompt delivery of Pllefof^roi f nd Tuel ' ° r pr0mpl 8UP '
* h ‘t new orders
A°Jli C S l i 0 ^r B ls r r ^ h “> w.s W do°nTS eiSragementf^f 1 * ror 1 the ttme hidden by months™ ahead f tk r,y . 8,1 conte m^ for works *od best Z S? t £ b I?*. up w1 ” 1 their orders, piough much behind and obliged to refuse
I.
land.
Utica.
VO!
brtc, No. 2, 8^c; Peppereil. S-i, 16c. Pep,, »-4. 18c; Sea Island, No. 2. 5V; 8*a It No. 8, 36 inches. 5c; Utica. 3-4. 21c; l
16-4, 23lie.
Ginghams—Amoskea*, 5c; Bates. 5c; Everett classics, tlic; Lancaster. 5c; Normandie
ress
Tolls du Nord
Colored Ca
many, while reiuse | Oennesses, 3V: Concordia. I^c; Warren. It is Dmornr^n ai T >?. nter I n * 1,1,6 flela - i Tickings—Amoskeag, ACA 10c; Cordis ACE. atfer demand, that,; 10c; Conestoga. BE, 11V- Hamilton stout ownauer neanv nv« — — lng;l> 8c; j^nox f ancy book'old. 18c; Diamond
bookioid, 12V; Oakland. AF. 5c; Warren book-
causw of that. The Chicago, board wti: -* open on Monday, closed on I'utsdai Most of the exchanges will tv dose,! b th <lu> • the hTew York and Chlcagi, _ er... k « xchanges luiving set the pace. ‘We D •! <<nsistently along the line of recent advicts — buUteh on vhcat. Corn—Primary receipts were only rAC.<VtO bushels, compared w ,th 952.000 bushels last j-ear. Market r-i , ■ i«y with larger receipt* than pn llcovl at Chi. -ur" T" • •low. Seaboard cUlmetl loa,L yt •• rday, but the l*ear factor overcame thK md the wet weather In corn show* esiimat of 84.000,000 area. Corn clear&it- .-a, 375.'#8) 1 >ishe:s. Onu have been heavy on receipts, beintj 'cllvered on Mav contract* and th* anticipated favorable weather. Provisions steady, considering the large tun of hogs. 48.UM head, compared with head last year. Estimate for next week. 180.000 head. Trade rather small.
#e. heifer for
Ve i ji>*,e. sheep V, ,
*5e; cow* fer<,« 5V, eow htn 1* |e. MuU"t> Spring lambs 16,-.
Fruits. Vegetables and Gam#.
8eiilri< pra-a*.
Leiium* *3 2S*iS 86.
Chl.f, I|,a Or«nges -Fsney tmvels. a box, |C : far y .■■edis'.B*, i* Pox, 33.00.
I'.jtat -^*- 60, a bush*!.
Onion a !.i •• SOr* a bushel. Bermuda On. .ns t: •>' h craTe. Honey -New, HviSt' 1-tb. cup*.
Apples G rid. *4 00; fane* , 14 'A * barrel
12 i«'fr2 50 per 24-quart cm*.
Ptrawberrle Oicumheretv, 3 doxer
Potato**s-44.50 barret.
A»t‘ No*
ft d xen,
rn.
Seeds.
Clover Seed*—Buying prlcoe. from 12 25 tn 13 50 a-bushel, according to grades. Timothy «eed, »e!i!ng price, from II 15 to |1 50 a bush*! Selling, fancy Kentucky biuexraaa. from 11 10 to $’ 25. Extra clean Kentucky blue, gras-*, 80c M 7*.c; red top. from 76,- to 86c a
- - ‘ Selling. Engl!*)
nglbh clover seen. wwqyj.Tu; Alsyk* d. 14 'rv;f4 75; Alfalfa clover aeed.
11.00.
mshel spiling. English blue*rase,
red and Ei-gIBh clover seed. |S 00®i.T5; Al*yk
clover seed, ft ■Kr;<4 75;
I4.0fl-ff1.75 Gennan millet
l.ea ther.
Selling prices; Harness leathei, 33#S8e; eol# leather, oak, 27$She. hemlock. 24®28e, skirting. 37941c: single strap, 2»fe4lc. city kip; SO® 75c: French kip, 80c® Jl 25. city calf. 8»e9>|l. 10;
i- reti h i ttl; *1.8- fiti 85.
nnrdnnr#.
At bent rih! t orn Exports. I Dun ei Co.. Mai 27 1 (
Wheat advanced 2c. but lost nearly all } the gain on Friday. Western receipts have fallen to about half last year’s, and exports In four weeks from Atlantic and ! Pacific ports have been bushels, j hour included, against 13.691.812 last yea, , while from Northern lake ports 7.92*>.i«T bushel* have gone out this year. But men [
forget that foreign demand, if not as Wire Nalls- Base prloe. 12 40 a keg; large a* it was last vear with famine ^ *’ ! " ln w,rf> b#w P ripe - *• barbed impending, is much larger than in tho ! «;« ,,OUt,d ' ; hrtr -* h -
same weeks of 1897. when wheat exports ' were only 5.704,334 bushels, and also for- ! get that the filter speculation caused a : wholly unnatural May movement las- I year. The Western receipts in the last four weeks are 9.380.665 bushels, compared with 18,206.2m last year, hut 9.961.550 in the some weeks of 1897, and reserves in that year were "not especially reduced hut Closed quite large enough. Corn exports.
« nl >' 10,267,662 bushels. against
*^®M97 last year, were also but TTSJgU.tttl
20* to
wire,
nxiie. S' .j
iron and Steel.
Iron. tl.9fl&2.£>; toe calk steel 3®3l4c: *t*e! tire tin. 2Vd;ie: lay steel. 5®*lye; plow steel.
3&2Hc‘ JioraeshoeB. |4.0O a keg;
plow steel, mle mhoect.
I’ackage Coffees.
Package Coffees—Arloaa, JI0.I5; Llo .. _ Jersey. 110.15; t arai a«. 29 65: Dillwortl *10 IS; Mai! Pouch. *9.65; Gate*’ Blended Ja
*9 65.
*5;
rth’s.
va.
Primary Hiirketn. Minneapolis received 5ffi cars of wheat and Duluth 137 cars, a total of mJ2 cars, against ..37 cars the corrc.4po1.dng day l inst St. Louis: Receipts—Wheat 30,000 bush- ! els. corn 45.i»>. bushels, oats 48.non nushels. Shipments—Wheat 19,000 bushels, corn I 19000 bushels, oats lO.txw bushels. Toledo: Receipts-Wheat 56,213 bushels. Shipments—Wheat 19,000 bushels Omaha received 6,500 hogs and Kansas City 6,QUO hogs.
Cheese.
Llmburger and brick.
irger and brick. 12Hc , a pound; Schweitzer, old. l2l4o; new Schweitzer, tic; New York cream, 12Hc; Michigan cream, lltfcc.
CITY WHOLESALE QUOTATIONS.
Current
Quotation* on Coinuiodltiea. Dry Good*.
Variou*
Bleached Cotton—«.noroi»cuggin, 36 Inches. 6l*c; Blackstone, 36 Inches, 5Nc; Cabot. SO Inches. 6c; Dwight Anchor. 36 inches. 644c;
Clover. ■ Inches. Sc;
„v, — ..w.™., „ v inches. 644c; 36 inches, 44»c; Dwight Anchor. 4U
Diamond Field
chei
jc; Glendale XX. 36 inches, 4l*c; 36 Inchei, 664c; Masonville, 36 Incl
Farwell,
4l*i
36 inches. 4t*c.
42 inebe*. 8c; First Call. 36 Inches. Glendale XX. 36 inches. 4V*c; t^onsdale.
Sea, 64»c; Masonville, 38 inches, 64*c; 'ork mh!a, 36 Inches. 9c; LonsdaU Catnlo. 2, 84*c; Pepperell, 8-4, 16c, Pepperell,
atfer ueinanu. xnac, 10c
fhl»i ni! . ^ «w>nths congestion, and , ing*. 8c; Lenox fan< the el.o —< — - 1 fenoktold. 124c; Oakli
X. 1S(
ton Duck—Tallassee, 7 ounces, 30 Inches. 7’sc, Tallassee, 8 ounces, 30 Inches. 10c. Tal-
the Haalw "7 77 “~“‘“o coiige»uon. RllU 82 « deluding advances of or oaMtor.^ 111 ^ and bar *' ,8 not forced eifeSE-S
.? nd **M .•* though the
?«£. f d ", , L° W ’ c °pp t ‘ r weaken* to
T ,ake ,’ British atatiatbc* indicate
a fall of nearly a quarter In consumption for four month* thT* year, compared with last. The heavy aalea of wool-30,864,000 lb«.—*t three chief market* - In Three week*, against ».780.300 for the eame week* In 1397, when the dlsaatroua *pecuiation of that year had begun to turn, and 14.2L3.160 In 1892 are mostly to spec-
aster,
dress styles, 8c; Manchester staples, 446c;
Norde, 7Vic; Warwick. 5V*c.
Cambric—Edward*. 3Vsc. Slater. Stic; !. 3Vic; Concordia. IVic; Warren. 3c.
i—Amoskeag. ACA itoga. BF, llHc. H l^enox fancy book 1
bookioid. 12V; Oakland. AF fold, JOVic; Lenox XX. 18c; Cotton Duck—Tallassee, 7
Want
Thorndyke. 6c. ces, 30 inche
lasses. 10 ounces, 12V. Savage. 10 ounces,
inches. 12V-
Shirtings, Checks and Cheviots—Amoskeag. *V; Economy, 6c; New South. 5V; Rotunda. 6c; Amoskeag plaid Excelsior, 6V. Amoskeag cheviots, 6Vic; Edinburg. 6V; ffverett
stripe cheviots. 6lic; Edln Chambray stiipea, TVBrown Cottons—Atlantic
Atlgntlo Inches,
A, 38 Inches, 6V;
H, 36 Inches, SQc; Atlantic P. M Be; Amarlcan Mills, 38 Inches, 4c;
Comet. 36
Inches, 6c; Amarlcan Mills, 36 I Armory sheetfngs. 36 Inches, 5V;
Inches, 444c; Constitution. 36 Inches. 4V; Boot C, 36 inches, 6c; Boot FF. 36 inches. 6V;
Inches, 5c; Buck's Head, 36 inches.
. : -w 1 ■' 111 * iw '-a w sea a. xsa ■»| •** ■* s aaLJ ^ xear aa*v-es"#K* vxe m M xev.a» r» ■ x ■ m - i xsw l i l XXIW n. ulators. as manufacturers are doing - iwc* Sea isiund'^i* "n -hes * 4ttc' Honaehohi scarcely anything. Weeks ago they held , K&riS£ MGnche. iv^ling' Branoh. M that prices were too high, even after some ' Inches. 4c; Statue Liberty, *6 Inch*
decline, for the prices at which goods
could be sold. When Eastern speculators have settled, the manufacturer will be forced to buy at such prices as they make, and they are taking large quantities. Th* cotton mills have a fair demand at a con-
siderable advance In prices of good* and are producing largely. The material has been steady at 6V4c, with 120 ground to
10-4. 2te.
Prints—Allen fancy, 4V. American indigo. 4V: American shirtings. 8V; Merrimac snirtigs, 4c; Arnold long cloth B. 7V; Arnold long loth C. 6V: Berwick fancy, 3V: Berlin
solids, 5c; Berlin three-fourths Turkey reds. 6V; Berlin three-fourtns NXXX Turkey reds.
SipSi _ 8c; Cocheco fancies. 4c; Uocheco madders. 4c; expect much change, and the best reports Portsmouth robes, 4e: Harmony fancies. 3V:
Indicate a decrease in acreage of 4 per
Manchester fancies. 4c; Pactnc Parthlans. 4V
4Hc; Venus oil blue aad gr
fancies, 4V-
Brown Drill—Boot. 36 Inch*
C ;
lurnlngs, Windsor
Pacific mournings, 4V4e; Simpson mournh
rreer
iwn Drill—Boot. 36 Inches. 6V: Dartington. SO Inches. 6443; Dwight. 30 Inches, No.
Wool. The following are prices paid for wagon lots; Good, medium, unwashed. ISc; hurry and unmerchantable, 12c; fine merino, 16c. Hidea and Tallow. Hides—No. 1 ~ s. hides. 844c; No. 2 g. s. hides. TVs; No. 1 calf. Me: No. 2 calf, 8V; No. 1 tallow. 3c; No. 2 tallow, 2VButter, Eggs and Poultry. Eggs—12c. Hens—8c. Butter—10c.
250. *c; Mohawk.'36 inches, TVStrong advance In wide sheetings. Another 44c advance In leading
bleached cottons.
Groceries.
Indianapolis wholesale sugar prices: Dominoes, 5.88c; cut loaf. 6;0Ut:, powdered. 5 71k;; XXXX powdered. E.88ci standard granula.en, 6.63c; fine granulated. £.83c; granulated, 5-lb bag#. 5.69c; granulated. 2-lb. bugs. B.6»c; gran-
ne. 5.6
cubes, S.76c: t trs’ A 5.50c
ra
mold
ers' A 5.50c; l A, 6.13c; 2 Wlndi Ridgewood A—Cs
""■aSi"* w* w*rv>'y el * xxs, i ca % v-xa « 1 » xr* ’*•« w.vtru ■ pj, * rx-4 i ulated. 6-lb. cartons# 3.63c; granulated. 2-lb. carton*. 3.6»c; extra fine granulated, 5.75c:
6.88c; i-onf- ti..n-
>ne
;ewood A—Centennial A. 6.13c, 4 Phoenix A—California A, 6.08c; 5 Empire A—Franklin
Columbia A—Ke
6.18c; 2 Windsor A—American A, 6.
ntennlnl A. 6 13c
o,76
confectloi
ystone •13c; 3
B. 5.00c; 8 Ideal Golden ex. G—Keystone B, 4.94c; 7 Windsor ex C—American B. 4.88c; 8 Ridgewood ex. C—Centennial B. 4.81c: 9 yellow ex. C—California B. 4.75c; 10 yellow C — Franklin ex. C. 4.69c; U yellow—Keystone ex. C, 4.83c; 12 yellow—American ex. C, 4.54c; H yellow—Centennial ex. C. 4.50c; 14 yellow—Oallfornla ex. C, 4.60c; 15 yellow. 4.50c; 16 yellow. Canned Good*—Blackberries. 3-lb. 90c; covs oysters, 1-lb, full weight, 93c®|1.10; 1-lb, light weight. 65c; 2-lb. full weight. |l 80®1 90; 2-lb. light weight. 81.S0®1 40; peaches, standard, S-lb. 81.75a2.25; seconds 3-lb, $1.3501.50: pie, »0®95c; plnegppies, standard, 2-Ib, 316501.90; seconds. 2-lb. 31.0001.10; string beans. 3-lb cans, 85c; salmon. 1-lb, 95c®*l 90; pineapple*. Bahama, 11.9002 25; pease, sifted, 61 5001 75.
“tgN* antab-A/l T1
early Ju’n*r 8bc®8l.25; marrow.‘gjcT soaked? 700 ! Chicago, 1 80c; tomatoes. S-lb, 85c0$l.OO; corn, eugar. 80< ® receipts and * 1 ^ 18 i bntter ; a Joaen. S-lb,_9j>c. to-day. Jul
Sprees—Unground: Allspice, 15018c; cassia, 16018c; mafee. 90c®$1.00; nutmegs. 55065c. Dried Fruits—Apples, min-drted, 9c; currants. 7H0*c; citron. 15018c. tigs. 1240150. raisins. Two Crown, a lb. 8c; evaporated apricots. 140
18c; dates, <011c.
Miscellaneous Grocectes—New
r to prime, 25i
lasses—Fair to prime, | Btrupa—Medium. 34026c
hum. 28c; c
Orleans Mo-
035c; choice, 35045c.
choln
co _
bbla 10c gallon. Vinegar—Malt (40-grain test), bble. 8«9c gallon. Pea bean*, hand-picked. 31.3601.60. Rice—California. 44i0744c; Japan
; choice. 36040c; sor
rn sirup, bbls, 19c gallon; half
in haif-bbls. 33 00. oats, bbls, 34.10.
Smoked Meats.
FAVORABLE FEATURES
Skowa By Bradatreet’a Report of
>- Trade.
New York, May 27.—Bradstreet’s report to-day says: Favorable features of current trade, as for a long time past, largely outnumber thope of an opposite character. Wholesale distribution 1* naturally less active as the season advances, but comparisons with last year are still very satisfactory. Much Is hoped for by weather conditions stimulating retail trade, hitherto held In check by the backward spring season. Industrial activity 1* widespread and the prices of most staples are either very firm or tending upward, except In the cases of products affected by weathor conditions. That often relied on harumeer of general business conditions, the Iron and steel trade, is increasing, rather than lessening. In activity, notwithstanding the approach of warm weather. In some lines, In fact, the situation is becoming rather excited. The pressure of consumptive demand really seems likely either to do away with entirely or shorten very appreciably the summer shut-down period. Features in I his trade are buying by prominent Inter elite in th* central West, advances In prices of all grade of ptg-lron and many varieties of the more finished products end pred'ctlons of still higher prices to coihe, coupled with denials by leading interests of the “corner'' in the market for crude pig. Indications are that the volume of business now being done or offered <s far in advance of all previous records. Export trade is feeling the check, due not entirely to advancing prices, however, but to actual Inability to take new business at any price. The market for manufactures of cotton ts a good second to that of Iron and steel, strength being a feature in nearly all branches and a number of advances being registered for the week. The raw price, however, reflects little of this strength, though the advance in finished product# mav be taken to have offset slightly Improved crop conditions, a result of needed rains, wool Is rather less active so far as new business is considered, but reflects recent heavy speculative buying and relatively higher prices at interior flolnts than at the seaboard in firm quotations. T1»e demand for lumber and building materials generally continue# unabated. and there Is talk of brick manufacturers following example# set by other trades and combining to regulate the output. Raw sugar Is firm, and opening of fruit season gives confidence in steady prices for the refined article. Boots and shoes hold recent advances, and hides and leather are firm. In sympathy. The trade situation, however. Is not without its drawbacks. Reports from winter wheat become increasingly unfavorable, conservative estimates pointing to 100,000,000 bushel* smaller crop, owing to Insect damage and near futures are higher on the week. Expor* trade in several hues Is smaller than of l*t?. partly owing to lees urgent itemar.d for our food supplies and partly to smaller shipments of manu-
factured good#, tiraia Nutei.
I By A. W. Thomson'* Wire !
Chicago, 111-, May 27.—Wheat—Parts 1« per buf l *l higher, and later reported higher still. Liverpool declined *Sd In sympathy, we presume, with the lower prices here. Market on this opened below 75c. but therq was Investment buying from the start, and It did not remain below the even figure long. Total clearance*. 500.000 bushels, and for the week were TSO.OQO bushels more than for the previous one. A St. Ix>ul» axpoher recently returned from abroad, who should bo la touch with the situation there more titan the home ones, w** reported tv be a latge buyer In that market. which increased Its premium over Chicago. probably because In our market tne Northwest was a free seller of September,
Bjkao C ^ . 1^ 1 3’S* 1
catma farmeri who have been at work in £,ro‘
the fields, now have a little more leisure pjjyr, flour 19*.; m upeter. sfluc, turpentine
Our advices from the Pan-Handle, Southwest are_of poor condition, and the advice# from Ohio. Indiana and this State are n« Jitter. In addition to former spring wheat news, advice* from parts of Iowa to-day mid worm* are destroying wheat there. The weather map for the Northwtsst showed rains there, but receipt* at fits Northwestern points for the week were 2.900 ears, compared with 1,700 cars last week and 2,900 last year. Prime » advices wars as bullish as heretofore. W. R. Linn, a very Influential local patron In speculation, was reported a buyer at the bottom, snd’his friends followed suit The liquidation of yesterday seem# to have cleared the market, and it would app#*;»r in better shape for a bull movement be-
.Tobblne Price* to Flour. Sprlnr patents. *4.40 a barrel; winter patents. *4.0004.10; straight grades, *3.5003.60; family, |3 40. THE LIVE STOCK MARKET. Cattle Fairly Active—Hok* Slnggish —Sheep Slow. Indianapolis Union Stock Yards. May 27. Cattle—Receipts small. Shipments none. The few ccttle receipts to-day sold promptly, with better prices, compared with yesterday. Expor; and shipping cattle we quote; Good to prime steers, 1,360 lbs. and upward $5 Wj,ii 40 Fair to medium steers. 1,350 lbs. and upward 4 S5®5 10 Good to choice 1,160 to 1,300-lb. steers 4 Sa@5 15 Fair to medium 1,150 to 1,300-lb. steers '.4 50®4 85 Medium to good 900 to 1,100-lb. steers 4 40® t 85 Good to choice feeding steers .. 4 50®4 90 Fair to medium feeding steers.. 4 00®4 40 Common to good stockers 3 75®4 36 Butchers' cattle we quote; Good to choice heifers 4 35<§d 90 Fair to medium heifers 3 TS'Qd 25 Common light heifers 3 25@4 60 Good to choice cows 3 85<g4 50 Fair to medium cows 3 25®3 75 Common old cows 2 25«t3 00 Veal calves 5 00@7 00 Heavy calves 3 50®6 00 Hogs--Receipts 4,00b head. Shipments fair. The hog market was sluggish, but a clearance was finally made at steady to strong prices, compared with yesterday. We quote: Good to choice medium and heavy $3 7503 8214 Mixed and heavy packing 3 70 / a3 75 Good to choice light welgths 3 75®3 80 Common lightweights 3 70<g3 75 Pigs 3 1033 70 Roughs 3 15®3 65 Sheep—Receipts 100 head. Shipments none. The small supply of sheep and lambs sold slowly at very steady prices. We quote. Spring lambs $0 00®6 60 Good to choice yearlings 4 75®6 00 Good to choice sheep 3 75#4 00 Fair to n edlum sheep 3 00®3 60 Common to choice yearlings .... 5 20®5 25 Bucks, per head 2 00®5 00 Chicago Live Stock Market. Chicago, May 27.—Estimated receipts of hogs to-day 20,000 head, to-morrow 35.000 head, left over 3,545 head; generally 2%@6c higher; mixed and butchers $3.65®3.87Vi, good heavy J3.80®3.92»4, rough and heavy $3.5603.65. light *3.S5®3.82*4. Cattle-Re-ceipts 100 head; slow and steady. Live Stock at Cincinnati. Cincinnati. O., May 27.—Hogs — Active; select butchers $3.82ix®3.85. common and roughs. $3.20®3.55. Cattle—Steady; fair to good shippers $4.75®5.25, common $3.00® 3.75. Sheep—Steady, $2,75®4.75. Lambs— Steady, $4.25®5.76.
CHICAGO GRAIN AND PROVISION*. Wheat and Corn AVerc Weak but
Provisions Were Higher.
Chicago, May 27.—Warm rains, heavy
easier cables weakened wheat July opened lower, at
74 7 4©75c, advanced to TSt^TS^c. and declined to 7474c. Chicago receipts were 44 cars, 7 of which graded contract. Minneapolis and Duluth got 662 cars, compared with 537 for the same day last year. World's shipments to Europe for the week amounted to 8,000,000 bushels. Corn and oats declined, under liquidation Induced by heavy receipts, good
; Japan, crops advices and reports of Increased
Cvh * '•»*' Lake Salt—In car-lot*. 75c; in small' ^.Uorn 441 chcb oaia r ,97 lota, ISc. Starch—Pearl. 2%®3<4c; Champion ! avieage. Receipts- t orn 441 cars, oats 6... Gloss, 1 and 2-lb packages. 4>«®Sr; corn i-ib July corn opened !i4c lower, at and ». 5®$>*c. Can-*- *-• - - " - *..1.. —-
mixed. 6c. New Pick! ^ >ls. | Oatmeal, bbls. 4.50.
f.v, powdered 5’^c, granulated 5%c. Coffee—Dull. < Inclnnntl Market. Cincinnati. O., May 27.-Flour—Quiet. Wheat Easy at 734c. Corn—Quiet at 34® 3+4' Oats—Dull at 2~'a‘Xc. Rye—Steady at 65c. Provisions*—Steady. Whisky—Firm at *1 26. Flax at Chleago. Chicago, May 27.—('lose: Flax—Cash Northwest $1.(h',. caah Southwest $1.04, May $L(»>. July $1 034. September 914c. Indiana Oil. Montpelier, Ind., May 27.—Indiana oil Me a barrel. STOCKS, MONEY AND BONDS. The Market Unsettled After the Openina—Price 4 hansie*. New York. May 27.—The high-priced specialties dipped sharply at the opening. Metropolitan Street Railway dropping 34 Points and Sugar 3. The tobacco stocks. Consolidated Tobacco and American Smelting, all showed rather heavy depresalon. .The tone of the market was very unsettled after the opening. Sugar rallying a point. Changes in the railroads were mixed and small. A determined attack on Sugar Increased its lews to 6 points. The general market was unable to withstand the heavy liquidation In this stock, and almost everything dropped gradually, with the active specialties suffering severely. Considerable resistance was made by the railways., which were sus.ained by the recent excellent iraffle statement*. Reading first preferred sold up about two points on its favorable April showing. Good support was also given to the other coalers. New Jersey Central rising two and Delaware & Hudson a point. The strength of the Coalers was carried to other railroad stocks, notably Erie first preferred and Ontario & Western. The shorts covered their contracts In the f pedal ties, causing a rally of a point or over In Sugar, Consolidated Gas and others. When the very favorable bank statement induced a further rise, the bears attacked Sugar fiercely, driving it down to 145 with a quick rally of a point. The other specialties weakened In sympathy and the railroads receded a shade. The closing was active and unsettled, with some marked losses In the specialties and gains in most of the railways. Total sales 243,770 shares. __ Money. Money On call nominally 2®24 per cent.; prime mercantile paper 34®4>4 per cent.; sterling exchange firm, with actual business In bankers' bills at 4S74i®488 for demand and at 4SaV*®4854i for sixty days; posted rates 4M4 and 4884; commer/Tfri, hills 486. Silver certificates 61®€2; bar sliver 01; Mexican dollars 484Bonds. State bonds Inactive; railroad bonds strong; Government bonds steady; 2s reg. 100, 3s reg. 1084. 3s coupon 1094, new 4s reg. 1304, new 4s coupon 1304, old 4s reg. 112%, old 4s coupon 113\, os reg. 112%, 5s coupon 112%. Stocks. [By L. W. Louis's Wire.] Open-Hlgh-Low-Clos-Name. ing. est. est. ing. Atchison 184 184 18 184 Atchison, pref 554 56 544 56% American Tobacco . 96% 97 96 96% Continental Tobacco 484 484 47% 48% C„ B. A Q 129% 130% 129% 130% €., C-, C. & St. L... 52% 52% 52% 62% Canada Southern ... 53% 53% 53% 53% Chicago Gas 118% 1184 117% 118 Spirits 10 10 9% 10 Leather, pref 694 6»% 894 <»4 General Electric .. X U,7% 118 117% 118 Jersey Central flni 114 114 114 Lead : 29% 29% 29% Louisville & Nash.. 66% 66% 66 66% Manhattan Con 1084 109^ 109 109 Missouri Pacific ... 404 414 40% 41% Northern Pacific .... 48% 48% 484 «4 N. Pacific, pref 764 764 764 76% New York Central. .13o% 131 1304 1304 Northwestern 151 151% 151 151% Pacific Mail 48 48% 48 48% Reading 204 204 204 204 Rock Island 110 110% 110 110% South. Ry.. prei 50% 51% 50% 51% Sugar Refinery 153 153 145 145% St. Paul 123% 1244 123% 124 Tennessee Coal 684 584 57% 584 Union Pacific 41% 42% 41% 42% U. Pacific, pref 74% 754 74% 75% Western Union 92 92 92 92 Wabash, pref 20 20 20 20 B R. T 113 113 1114 1H% Federal Steel 67% 58% 57% 57% Fed. Steel, pref 80% 80% '80% 80%
NEWS OF THE RAILROADS
ORDER FOR S ALE OF B ALTIMOE A OHIO SOUTHWESTERN.
Judge Thompson Isaacs the Decree by Consent of All Parties— g.'LftOO.OOO the Lowest Hid to be Received.
The Week’s Stock Market. New York. May 27.—-The market for stocks has been dull and professional all week, and net changes are not large. Professional traders are averse to leaving contracts open over 1 four days’ period, and when the Stock Exchange decided not to trade on next Monday, preceding Memorial Day, there was a general evening of contracts on the short side. The inducement for the bears to cover was found in the increase in earnings of the majority of railroads reporting, the buying of American stocks for London account, the consequent easing of sterling exchange, the continued ease of money here and the continued large and confident buying of railroad bonds. The earlier pessimistic views on the reports of a ruined wheat crop, probable gold exports and diminishing foreign trade and danger of collapse In newly floated Industrial securities were so far modified by these considerations as to leave the bears unwilling to risk leaving contracts open over a few days' interval, with the possibility of some development which would still more favorably affect the outlook. Indianapolis Clearings. May 27. May 20. $729,930 10 $918,465 04 , v . 98.468 12 94,603 06 For the Week.Ending Ending May 27. May 20. $5,223,670 29 $5,906,207 85 635,306 41 757,327 49
Cincinnati. O., May 27.—Judge Thompson, of the United States Court, to-day Issued an order of sale for the Baltlmoi'e & Ohio Southwestern railway, now In the hands of receiver* Judson Hannon and J. Robinson. The decree la by consent of all parties interested, and is an elaborate document describing the property and Its numerous incumbrances. Th* road runs from Parkersburg. W. Va.. to St. Louis, Mo., with branches to Portsmouth and Hillsboro, O., and from North Vernon, Ind., to Louisville. Ky., and a line from Shawneetown. III., to Springfield. 111. The various mortgages are enumerated In the decree, and the Hens marshaled. Gen. B. K. Cowen, of Cincinnati, 1# made muster commissioner to make the sale, and Is directed to give four weeks no;tce of the day to. be selected by himself. The sale will be ut Cincinnati. The property la to be offered In perceis, and aa an entirety. The lowest bid to be received as an entirety Is three and a half-million dollars. The logical purchaser for the property Is the Baltimore A Ohio railway, and this order indicates the early removal of that road from the receiver#, and an early reorganization of the entire line.
Union Pacific and Southern Pacific lines. Lieutenant Brumby accompanied the admiral, and they departed on November 37. Some time ago. Manager of Passenger Traffic D. B. Martin, of the Baltimore A Ohio railroad, set out to collect the coupons of the tickets, and only recently secured all of them. He has had the ticket, containing Dewey's signature. lithographed, and Is Issuing fac similes as souvenirs. .
Want the Woodmen's Meeting. Th* Modern Woodmen of America will meet In Kansas City week after next, and a strong fight is being made by Indianapolis and St. Paul for the meeting of 1900. One week from to-morrow a band of Indianapolis boomers will leave over the V&ndulia and the Chicago A Alton for Kansas City, In hope* of capturing the prise. The people of Kansas City have made arrangements to entertain 100,000 visitors during the session, and it is thought that even more than that number would come to Indianapolis.
Fired Through the Window. The train from Terre Haute, on the Big Four, to this city, this morning, was crowded with passengers, many of them being women and children. Near the station at West Side, a bullet was fired through the window of one of the coaches, missing between Miss WUla Feree. of Danville, and a young woman occupying the seat with her. Mia# Feree was not hurt, but the flying glass cut her companion's face slightly Railroad Notes. Decoration Day will be observed as a legal holiday, and all local freights will be annulled by the railroads. Most of the offices will also be closed. The Big Four will have a cheap excursion irom points west of this city to Chicago to-morrow. This morning twenty empty cars were sent to Lebanon and thirteen to Lafayette to be used on the ex-, curslon.
Clearings Balances
^Hearings Balances
ftClt lljKWt '■ QSNS'cn. I van 88, I’ll! ’•.I'W* «. ”
Candy-Stick. 6c; common -; sold off to 32%c. July oats ruled 4®%C
lower, at 22%®22%c.
I 100 in.half-bbla c ^we: prtces for hoK8 and ^aerod
s buying by packers strengthened proI visions. July pork ruled 24c higher, at | $8.074®8.10; lard a shade higher, at 5.W®5.Q84c, and ribs unchanged, at 4 624®
4-65c.
Qnotatloaa. [By L. W, Louie s TVIre.]
&4c. ham end* 5c.
California Hanm—Sugar-cured—"Reliable," 6 to 8 lbs., •■Reliable," 10 to 12 Iba., 6%c;
"Reliable." II to 14 lbs.. 6c.
Breakfast Bacon—Clear -English cured, & to 7 lbs. average. 12c; S to 9 Ibn. average. 11c. Choice sugar-cured: 6 to 7 lbs. average, 10%-; * to 9 lb*, average, 9%c; 10 to 12 lbs average. *4o; S Ibe. average, narrow. Stic; 7 lbs. a\er-
Lrrow, 7%c. 1—Clear side
ee, about 50 to 60 lbs. averr' sides. 30 to 40 lbs. aven
Articles. Wheat— July .... Sept. ...
Corn- • July . Sept. . Oats—
Open- High- Lowing. est. est.
—Closing.
May 27. May
74% 75%-% 75'4 74'„ 7;,% 75-1,
. 74%-75 75%
. 74% 75%-% 744
. 32% 32%-% 32%-% 32% . 33%-% 33% 33 334
75-%
33
33%-%
22%-4 22% 22% 22% 22%
1-ard— July .. Sept. .. Ribs— July .. Sept. ..
8 07 8 20
5 on 5 12
8 17 S 05 8 30-3$ S 20 5 02-05 5 00 5 15-17 5 12
8 15 8 06-07
8 30-32 8 22
5 02 5 00 5 15-17 5 12
4 62-65 4 67 4 77 4 80
4 62-65 4 65-67 4 62-65 4 77 4 80 4 75-77
age.
Bacon—Clear
age, OHe; clear siues. w 10 id ins. averagi
6%c; clear Hide* 29 to 30 lbs. average, 6%,'; clear bellies, 25 to 3a, Uwi average. 6%c ; clear, bellies, 1* to 22 lbs. average. 6%c; clear bellies, j July 14 to 16 lbs. average, 7c; clear back*. 20 to 28: Sept, lbs. average. 6%-; clear backs, 14 to IS ib«. Pork average. 6%e; clear backs, » to 12 lb* average, j j u i v 6%c; French backs, 5V*c; Antwerp backs, 8 to 1 u,., to lbs. average (boneless). 5%c; flitches. 10 to 7 1 ; 18 lbs. average. S%c. In dry salt. %o lesa. !
Shoulders- English-cured "Reliable," 18 to !
20 lb*, average. 6c; ".Reliable," 16 lbs average. 614c; "Reliable," 10 to 12 lbs. average. 6%c; !
sugar-cured. 10 to 12 lbs average. 6t*c Dried Beef Hams—"Reliable" —Regular sets 12c. outside* none. Insides 13c. knuckles ’.3c Lard -First quality, in tierces, 6%c ib ; sec* I ond quality, 6%c: third quality. 6%c. Pickled Pork Fancy bom-less pig pork per
bbi. *0 Iba., US.50; bean, clear, per bbt 200 ‘
lb*.. *13 90; family, per bfal, of 200 Ibe *11.90
•addle, per bbi 200 lbs., *10.30; short clear, per 1
WSa,-#*,; So. t r.-.l
Iba.. $10.00. Also half-barrels. 100 lbs., at half, ®®72c. May 73c. wagon 73c. the price of the barret, adding 50c to cover ad-1 Corn—Dull; No. 1 white 33c. No. 3 dlUonal cost of package j white (one colon 33c, No. 4 white 30®«2c.
No. 2 white mixed 324c. No. 3 white mixed 32%c, No. 4 white mixed 294®314c. No. 2 yellow 32%c, No. 3 yellow 32%c. No. 4 yt-lilow 29%®3i%e, No. 2 mixed 324<-'. No. 3 nuxed 324c, No. 4 mixed 294®314'-. ear
324c.
-asa;-: ksk&.tt | ^
madder. 14016c; Oil. castor, per g»:., *t.1201 15- I
oil, bergamot, per lb., |$.TS: opium, $3.5693.7$; f Hay—No. 1 timothy $9.25119.73. No. 2 timft*i4 $ha fkoeipta there ar* Increasing be- 1 ° thy * S ' 2 ' , _V.., w ,..„ «n 1 crpalba. ikVi. wc. soap. _ oasiiift. F. . 12<n . .
-VII*
f'learinars In Other Cities. Olearinga in the larger cities yesterday and a week ago were; May 26. May/19. New York *190.4(8,768 *22l,7So>9 Chicago 19,626.345 20.519,458 Boston 21.545,802 22.368,026 Philadelphia _14,526.030 14.395.513 St. Louie 5,309.535 5.033.030 Baltimore 3.606.152 3,886,003 New York exchange sold yesterday as follows: Chicago 20c premium. 9t. Louis 20ti premium bid, 30c premium asked. The New York Bank Statement. New York. May 27.-The weekly bank statement show* the following changes: Surplus reserve, increase $ 9.302,200 Loans, decrease 17,798.800 Specie, increase 3.692,900 Legal-tenders, increase 2.454,luO Deposits, decrease 12,63X800 Circulation, decrease 35,600 The banks now hold $43,933,725 In excess of the requirements of the 25 per cent, law.
FOR WIFE BEATING. Three Men Before Jutlire Cox—Other Police Court ('aites.
Closing cash markets . Wheat 74%c. corn 3B%e, oats 24%c, pork $8.07, lard 4.97c, ribs
4.60C.
Indianapolis Grain Market.
73e. No. 3 red
lonoerulng Railroad Men. Superintendent Mansfield, of the Indianapolis A Vincennes, la attending a meeting at Pittsburg. George K. Lowell, general superintendent of the Monon, returned to Chicago last nlgnt after a trip over the road. He Bays the road 1* doing the best business, particularly in the passenger department, It has done for vear*. H. J. Booth has been appointed traffic manager of the Wheeling A Lake Erie. P. P. Shelby, for several years connected with the Union Pacific, and later with the Great Northern, has been appointed vlceprealdent and general manager of the Pacific A Irtano Northern. W. B. Lyons, division superintendent of the Mlssiurl, Kansas A Texas, died yesterday in California of consumption. Mr. Lyons was born in New Albany, and began his railroad career on the Monon. J. B. Scott, district passenger agent of the Baltimore A Ohio Southwestern, has returned , from a week's stay at French Lick Springs. The slate-makers are busy making Pennsylvania appointments. They have decided that C. H. Walton Is to be general superintendent of the Grand Rapids A Indiana. P. C. Bonebrake is to be superintendent of the Chicago terminals, J. S. May Is to be transferred to the Indianapolis division, and W. C. Loree la to be superintendent of the Chicago division. Harry May-is to be promoted to be superintendent of the Richmond division, and some one la to be trainmaster in Mr. May's st« ad. Chairman Donald, of the Central Passenger Association, Is making a trip through his territory. He is at Cincinnati to-day. George Maxfleld, of the Wabash, started out on a trip this morning. J. J. Turner, general manager of th„ Vandalia, is in the city. He arrived from a trip over the road last night. O. H. Jackson, master mechanic, and his son, R. O. Jackson, assistant storekeeper of the Santa Fe, Prescott* Ac Phoenix railway, will visit their home at Indianapolis next week. Mr. Jackson was formerly master mechanic of the Big Four at the Brightwood shops. President Harriman, of the Chicago A Alton, and a party of friends, Including some Indiana men, will go to Alaska nekt week. It is understood that J. N. Falthorn, now president of the St. Louis, Peoria A Northern, which has been purchased by the Chicago A Alton, will become general manager of the Lake Michigan Car Ferry Company at Chicago. George L. Bradbury, general manager of the I^ake Erie A Western, arrived here this afternoon, accompanied by a numbei of officers of the Lake Shore road. Charles Hines, a major in the regular army, who is on a leave of absence to serve as trainmaster of the Big Four, la in the city. Railroad Earnings. Earnings of the Santa Fe system in April exceeded general expectations. Operating expenses were decreased largely in comparison with April of last year. The following are the principal figures in the report for last month and the ten months ending April 30: Month of April— 1899. 1898. Increase. Gross earnings..$3,235,200 $3,212,988 $22,211 Oper. expenses.. 2,089,617 2.414.554 *324,937 Net earnings 1,145,582 798.434 347.148 Taxes and rent . 128,759 143,788 *15,029 increase from operation 1,016,823 654,645 362,177 Av. operated mile- , age 7,108.46 6.931.37 177.09 For ten months of fiscal year to April
30-
Gross earn gs.$33,872.738 $32,924,129 $948,609 Oper. exp ses. 23,442,238 23.697.693 *255,487 Net earnings. 10,430,13) 9.226.436 1,204,094
Taxes and
rentals 1,401,249
Inc. from oper-
ation 9.029,281
Av. operated
mileage ...... 7,017.45
THE BICYCLE TRUST.
C. F. Smith Retarns and Say# Thing# Are Progreasing Favorably.
C. F. Smith returned from New York today, where he has been for the last week In the interests of the bicycle trust, which Is being promoted by A. G. Spalding. Mr. Smith says that the reports sent out earlier in the week that there was a hitch in the organization of the trust, and that some of the manufacturers threatened to withdraw because of a change in the plans, was wholly untrue. He says that the organization will bo made along the original lines, and that everything is proceeding in a satisfactory manner. While in the East Mr.< Smith talked to the financial men who are behind the scheme, and they all said that the trust would be organized. There was some delay, due to the fact that much of the stock in the different companies had not been turned in, and the negotiations could not be concluded until all of the stock In the different companies had been deposited in New Y.ork. On tils account, It was found necessary to extend the options until August 1, but Mr. Smith said he was advised that the trust will be fully organised a month earlier. He says the manufacturers have not been asked to take stock in the new organization, but will be paid In cash for their plants
9.226.436
1,423.035 *21,786 7,803.400 1.225,880
6,933.53 83.92
•Decrease.
Earnings of the Erie road for Aprfi and for the ten months from July 1 were: April— 1899. 1898. Increase. Gross earnings.. $2,692,829 $2,604,543 $89,286 Operating ex.... 2,081,794 2.<fi0,929 30,865 Net earnings .. 612.035 553,614 68,431 From July 1— Groos earnings.$27,471.079 $28,181,332 *$710,253 Operating ex... 20,562,097 21.133.774 *571,677 Net earnings.. 6,908,983 7,017,568 *138,576 •Decrease.
D< Tvey’# Railroad Ticket. [Spedal to The IndlanapoU* News.] Baltimore, Md.. May 27.—When Admiral Dewey left Washington, in November, 1§97, to take command of the fleet in the Pacific ocean, he did net ride on a pass or a half-rate ticket. Being a personal friend of S. B. Hege, general agent of the Baltimore A Ohio passenger department in Washington, the now famous seafighter bought two first-class tickets from Washington to San Francisco via the Baltimore A Ohio, Chicago A Northwestern,
The Thrasher Trast. A. A. MeKa'n, president of the Indiana Manufacturing Company, has returned from New York, where he has been for two weeks perfecting plans for the consolidation of the thrashing machine Interests of the country. His visit was successful. and he expects to complete the formation of the thrashing machine trust next week. The new organization will be capitalized for $75,000,000. Mr. McKain to-day feceived a telegram from New York capitalists stating that they could furnish the money necessary to form the trust. This offer came from an entirely new source, and from people with whom Mr. McKain had not been negotiating. Did EverythlnK Thoroughly. One day there came a man to the office of the street superintendent and asked for work. He was a veteran of the war for the Union. Street Superintendent Herpick gave him work. The “veteran,” for this was the name given him, was a good worker. He Improved in a few days and the street superintendent made him foreman of a gang of men. But the veteran could not stand prosperity. One day he was absent from work, and it was learned that he was drunk. He remained drunk so long that his newly-made friends began to think he did everything thoroughly. After several days’ absence he came back to i he office. Assistant Superintendent Loughtin told him he could not work for the city again because of his conduct. “Well. I expected that,” said the veteran. "But you can't hurt me.” “I don’t want to hurt you,” said Loughlin. "But we can’t keep a man who gets drunk. You were the best worker on our force, and we wanted to keep you all the time, but it wouldn't be right under the circumstances.'” "1 can do as much work as two men.” bald the veteran, "but you can't hurt me. I get a pension of $72 a month for total Disability from injuries in the war ” Loughllr thinks the people who said the veteran "old everything thoroughly” were about right. Decoration of the Moaament. Encampment No. 80, U. V. L.. through its committee, has arranged for the decoration of .the Monument during the foronoon of Memorial Day, and a cordial initatlon has been extended to every boy and girl and to all young men and women of the city to be present on that occasion with their offerings of remembrance. There will be no formality, every one being expected to go and come at his or ner convenience between the hours of 10 and 12 o'clock a- m. The High Schools, Train Ing School and the down-town public schools will march to Monument Square, where they will be under the direction of Superintendent Goss, who has offered his services. AH other schools, public or private, are Invited, but, owing to the distanve, are expected to come a* Individuals. Parents desiring to bring their little ones are assured of safe tv. a* the ■quare will be kept clear of vehicles. Inc€»rporatlon#. Article* of Incorporation were filed with the Secretary of State to-day. as follows. The Stillwell Real Estate Company, of Anderson, capital stock $75,000; director*, Thomas N. Stillwell, Horace C. Stillwell, Winifred C. Stillwell. Luella S. Ktunard and Woodnut C. Burr. The First Union Mission church, of Indlanapoll*.
EXCESSIVE ASSESSMENTS
ATTY.-GEV TAYLOR Off SUPREME COURT DECISION.
Pats a Brake oa Reckless I'se of Power by Municipal Aathorltlc#Problblt# Excessive aad Uar *»*o*abIe Assessments.
o
Leading; Drags and Oils.
Alcohol, i£.io&>c; •smpiw:. te>aibv; slum, bromlJe polsuh. 3000IK , cochineal, isMtU-k . chloroform, «f1070c; ompetas. barrel*. ;;0S5c; cream tartar. pure. F(%®3$c; indigo, ttffddc; licorice, Calab., genuine. S004OC; magneUa carb.. *-Oi ,
f, P. A W.. ner oz.. $$.4002.$$;
gum
a, tWM'V;” earfeolte aeidTwoifcc” ~ Oil—LinseaC, raw, 4Ac; boiled ■
k .; bo irbol'.f
mwmv-, ra*
roal oil, legal test. 7«14c, ...... »*rails. 80c; lAbru-ior. Aftc; West VI brlcaltng. EftS-V: miner*'. 4ho; |«r<i ter strained. In harrete. SOc per gal.
per gal. extra:
■ 48c gallon tank, 40c; be*r * Virgin;*, lulard oil*, winner gal.: half
turpentlr.e. 49®SAc
Dressed Meats.
Inspections; Wheat—No. 2 red 5 cats;
total. 5 cars.
Corn—No. 3 white. 3« car*. No. 4 white i < ars. No. 3 yellow 6 car*. No. 3 mixed 12
car*, ear 1 car; total, 57 cars.
Oats—Rejected 2 cars; total. 2 car*. Hay -No. I timothy 1 car; K>ial, 1 car.
ffew York Provisions.
New York, May 27.—Butter—Receipts 7,025 package*; strong W. stern creamery 15® 1S%C, factory Il%®13r. ——
Receipts 1.128 package*; dull
Three men, charged with assault and battery on their wive*, were in the Police Court this morning. John Holmes, living at 2126 Arsenal avenue, has been a good : husband for twelve years, so his wife said. I until seven month* ago. when he develI ojied^ an appetite for strong drink. For J striking her yesterday Judge Cox fined him $1 and costs and withheld a sixty- * i day sentence In the woro-house on his ! promise to brace up." Mrs. Ollie Dalton, colored, complained that she had been driven from her home, at 417 West Seventeenth street, several times by her husband, but the evidence of Dalton and the neighbors showed that she left of her own accord. Dalton is a laborer, but his argument in his own behalf would have done credit to a lawyer. He was discharged. John Johnson, colored, was fined $10 and costs and sent to the work-house for ten days for striking his divorced wife. Frank Theine, a cooper, living in South Illinois street, was fined $0 and costs, with two months in the work-house, for stealing a lot of brass and lead from Moses Saperie, a junk-dealer in East Washingion stre 1 ©!. Nellie Sears, colored, charged with stealing several rings, while employed as a servant in a North Illlnols-street home, was fined $15 and sent to the wurk-housa for sixty days.
P>
Ohcese— and weak.
Large white 9c. small do 9%f«%c, large
Freak Brnf—Cart-ames—Western steers. 000 to 1 colored $%c, small do 9c. Eggs—Receipts
iviur
nut* Vft 8t##f 9, aOQ tO iblh, 7H< , ny M \ . ,, r .A Hrm TTnft* rr,t$r%(r»*r -11 • , , •teer fore* 7c, »l*er hi,id* 9®‘"»(\ heifer bind* sugar 4c; refined quiet, but firm; crushed
Trapped.
[PltUbur* Chronicle Telegraph ] ■What Is the highest position in my, papa?" asked Sammy Snngg*. ‘Commander-in-chief,” replied
the
Snaggs.
"No.”
"Then what?” “The chief of the war balloon corps.”
111
I
m
i-\si»{
Attorney-General Taylor, in answer to an inquiry from Schuyler Colfax, mayor of South Bend, has written the following opinion in regard to excessive assessments for improvements' "You ask for an opinion respecting the recent decision ot the Supreme Court of the United States, in the case of the village of Norwood vs. Baker, concerning street improvements. The Indiana constitution, Section 21 of Article L provides that ‘No man’s particular sejflces shall be demanded without Just compensation. No man e property shall be taken by law without Just compensation; nor. except in case of the State, without such compensation first assessed and tendered.’ "The constitution of Ohio, where the Norwood case arose, provides that compensation must be made for private prop, erty taken for public use. and that such compensation must be assessed, ‘without deduction for benefits to any property of the owner.' In the Norwood case, the village proposed to open a street through a strip of land, taking a part of the same and charging the land-owner with a part of the cost of such taking, without awarding any benefits on account thereof. Substance of Decision. "The substance of the decision of the Supreme Court of the United States is contained in the following sentence, found in votume 172, page 279, Supreme Court reports: Tn our Judgment, the exaction from the owner of private property of the cost of a public improvement in substantial excess of the special benefits accruing to him, is. to the extent of such excess, a taking, under the guise of taxation, of private property for public use, without compensation.' "The constitution of Indiana clearly covers this exact case. The question of assessments per front foot, and assessment* In proportion to the area of abutting property, are all discussed In the opinion. The opinion does not say that the method of assessments per Yront foot Is illegal any more than It says that the method of assessments according to the area of abutting property is illegal. What it does say Is that assessments must . be based upon the benefits actually received. In other words, if a street Improvement assessment is so excessive as practically to conhscate the property, or be very greatly In excess of the benefits received, that such assessment Is illegal, to the extent of such excess. "Assessments by the front foot have been sustained by the courts which have passed upon the question, where the statute provide* for such assessment. The Indiana statute does provide for such assessment. The Ohio statute authorized a special asssessment upon abutting property by the from foot, for the entire cost and expense of the improvement, without taking special benefits Into account. The Supreme Court of the United Statea say* that statute is unconstitutional. The Massachusetts Coart. TThe Supreme Court of Massachusetts, In the recent case of Sears vs. the Board of Aldermen of Boston, 53 N. E., p. 138, discusses the Norwood case favorably, and In the same opinion upholds an asssessment per running foot for the cost of sprinkling streets. The Massachusetts court affirmed the general doctrine laid down In the Norwood case—that where assessments for Improvements are reasonable and fairly within the fine of benefits actually received they will be upheld. t>n page 140 the court says: 'Assessments of special taxes, where an estimate of the particular benefits to each lot, by measurement of the amount of frontage upon a street or sewer, by the measurement of the area of the lots, and by a valuation of the property, have all been sustained. • • * "Most of our cases and our statutes, assume. under the constitution, that these assessments, like other taxes, are to be reasonable, and, in a general sense, proportionate. "The decision will have the effect to prevent streets being laid out and Improved with expensive improvements where there is no call or necessity therefor. It will not affect the improvement of streets where the necessity exist*. To put an asphalt street In front of lots that tire worth $100, would be such an excessive assessment as to come within the condemnation of tills decision. No reasonable assessment, where improvements are reasonably necessary, would be affected. ■ "It does, however, put a brake upon the reckless use of power by city and town authorities, in forcing improvement* where there is no practical demand therefor. In short, excessive and unreasonable assessprohlblt <L d ■ ' a lr and reasonable assessments are upheld.” PHILOLOGICAL SOCIETY. .New Officers Elected-* losing Exercise# of the Senaion. The Indiana Philological Society adjourned this morning, after electing the following officers: President. Prof. Demarchus C. Brown, of Butler College of the University of Indianapolis; vice-presi-dent, Prof. Paul H. Grummann, of the Manual Training School of this city; secretary and treasurer, Prof. Hugh Th. Miller, of Butler College of the University of Indianapolis. The first paper of the morning was presented by Prof. C. H. Hall, of Franklin College, on "Some Phase* of Greek in Revelation.” Professor Hail called attention to the bad condition of The Greek text in the Book of Revelations, and tU the fact that the grammar was faulty and inconsistent. He said, however that It did not affect the translation, the subject matter, or the integrity of the book as a whole. He thought the book had originally been written tn Hebrew, then translated Into Greek. Professor McLain, of Wabash College, who led tn the discussion of the paper, was of the opinion that John had written Revelations while ha was a resident of Syria, before he knew Greek very well, and that his subsequent writing* had been done at Ephesus, a Greek city. G. A. Ferguson, of Wabash College,'read a paper on "Ancient and Modern Stage Craft,” in which he traced the development of the drama from the Greek. Prof. Baldwin, of Indiana University, who is a Latin teacher, took exception to the paper. saying that the Romans were responsible for some part of stage craft, and that they had a school of their own. Another paper was presented by Professor Baldwin, of Indiana University, on “A Study in Roman Legal Semantics.” Mrs. Myrtle Anderson Dead. Mrs. Myrtle Anderson died at St. Vincent* Hospital last night of septicemiaShe was married in Muncle six weeks ago jto Dr. D A. Anderson, who has just com- / pie ted his course in the Indiana Dental < College In this city. S|»e was thought to be fatally ill when the marriage ceremony \ was performed, but Dr. Anderson thought \her life might be saved by a course of 'treatment In the hospital. Her condition, unproved, but It was found necessary to perform an operation, which caused a relapse. The body will be taken to Muncie for burial.
Valuable Shares of Stock For Sale Tolosa Coffee and Rubber Compaoy of Mexico (Capital fl.OOO.OOO.) Offers shares of Its stock for sola Shares $100 Each. >4 cash and U per month for thirty-two months. No interest on deferred payments. An Investment safe and conservative, with no element of chance or speculattcn. Crude rubber is rapidly advancing in price and the supply is diminishing. Coffee trees produce from twenty to thirty years. Rubber tree# produce from thirty-live to seventy-five years. Send for our pamphlet and Government report#, which are for free distribution, or^call at our offices, WJ Stevenson BulldMexican coffee took first premium st Par** Exposition and at Chicago World’s Fufr. ARBUCKLE S COFFEE BUYER SAYS: Mexican coffee is considered as rood as any in the world. BRITISH MINISTER’S REPORT BAYS: One hundred thousand rubber trees pays the first year they bear $130,000.
DR. HENRY JAMESON. PRESIDENT SAMUEL t E. MORSS, VICE-PRESI-JOSEPH K. SHARPE. JR.. SECRETARY. E. M CHURCHMAN, TREASURER. ADDISON H. NORDYKE. DIRECTOR. INGRAM FLETCHER, CASHIER.
TOLOSA COFFEE Affil OOBBED COIPABT OF MEXICO., 204 Stevenson Building.
THE INDIANA LIFE ASSURANCE CO. Incorporated nnder the law of Feb. 10,18M CAPITAL STOCK - - $100,000 is now fully equipped for business, and prepared to Issue all forms of policies on terms to meet the competition of all the leading companies in the United States. We appeal to the rltlsens of our State to assist In building up a strong home comjiany, which will benefit the State in many ways. Over 300 leading Indiana citisens own stock in this company. Reliable and successful agents wishing to represent the company wfii communlcute with the HOM^ OFFICE. 8 and 10 E. Market st.. Indianapolis, Ind. BOARD OF DIRECTORS. F. J. 8CHOLZ. President, ex-Treaeurer of State, Ipfilsnspoiu, Ind. C. F. SMITH. Preilden Iruilansixjli#, Ind. P. H. nraGBRALD. Capitalist, IndlsnapoU«, Ind. B O. CORNELIUS, President IndianapoU* Chair Oo., Indlanapoll*, Ind D. M. PARRY. President Parry Manufacturing Company. Indlanapoll*, fnd. ALBERT LIBBER. PreMdent Indianapolis Brewing Co., indlanapoll*. Ind. WM H. SCHMIDT, Treasurer Marlon County, Indianapolis. Ind. CHARLES KAHLO, Third Vice-President Indiana Life Aaaurance Co.. Indianapolis, Ind. OEORGE W POWKJLL. Secretary of the Company, Indlanapolie, Ind. L. P. NEWBY, Banker and Attorney, Knighutown. Ind. SAMUEL k MORflS, Preeident Indlanapoll# Sentinel Company, Indlanapoll*. ind. J. A. LEMCKE, ex-Trea»urer of State, Indianapolis. Ind. JACOB D. LEIOHTT, V. S. Pension Agent, St Joe. Ind. JAMES P GOODRICH, Attorney at Law, Winchester. Ind. ERNEST H. TRIPP. Merohant. IndlanapolU, Ind.
dent Indiana Bicycle Ox,
American Central Life Insurance Company INDIANAPOLIS, IND. Capital Stock. - $200,000.00 Paid up in Cash, - 100.000.00 E. B. MARTIN DALE Preeident, CHARLES K. DARK, Sup’t of Ageincle*. L. B. MARTIN DALE. Secretary.
SAFE AS GOVERNMENT BONDS. Policies Is*ued by thl« company are »ecured by depoeit* of Government bonds with the Auditor of State of Indiana covering the full legal reserve liability upon every policy In force. This deposit is required by law under Which this company 1* organized, and no life Insurance company of any other State keep* one dollar on deposit with the Auditor of thj* State to secure Its policy-holder*. Home office. Lombard Building, N% E. Washington street.
Our TeirYear Plan combines the advantage* of a straight and an installment loan, without the disadvantages of alther.
The Indiana Savings and Investment Co., ISO Ernst Mwrkwt a»tf*«t.
I
M/ ft.
LITTLE BOY ON THE STEPS: BOY ON SIDEWALK: “Well,
“Whose little boy is ’oor’ I used to be Mr. Platt’s.** —Ntw York Harold.
NEWTON TODD • and 7 INGALLS BLOCK. STOCKS and BONDS Member Chicago Stock Exchange. WANTED: Indianapolis B trast Oar ■took, U. B. Hew 3s Honda.
Adolph '/.!££ Lichtstern SS* ery A Co. Chicago.
Emimhilmhmd 1093.
3 per 3°cent.
W* boy and *eU all fisted securities. When Umltmd aa to priee «• Bumrmntwm mat you will buy or Mil in svary case where Umit t* reached. Opening and dosing pr 1 ' bo RffVsroMoTffoT’souofTEo,
Purchase some stock of the Vernoz Insurance mad Trust Company of Indiana, an established buaiaeaa that pays regular temi-annual dividend*. Correapondenc# sol cited. m. ¥. MoOHUard. 147 E Market sL Secretary. M. ». WUaon, Pres’t Capital Nafl Ban*. Treasurer.
Seize the Opportunity "I had a chance once to buy that property and make some money, but I let It go.'and have been sorry ever since.'' How often you hear that lament from peopi* who have not improved their opportunities. , . . _ ; “Of all aad word* of tongue or pen. The saddest are these, It mQht hava been.’ ” The opportunity to *et a « pec cent, investment, free of taxea. la now offered the people of Indlanapoll*. but it will soon pai« away. Stock In the New Telephone Company can be bought on extremely liberal terms, with dividends of « per cent guaranteed for five year# by the Union Trust Company. Eight month# to pay m. No taxes.,,. Interest begins July L Only $150,000.00 to be sold, the remaining $250,000.00 being held in trust, insure* the retention of the control. The stock can not be increased. The company has contracts for 3.500 ’phone#. a«d estimates a surplus of fc5.0Q0.iJ) a year over dividend# on a ba#l# of iM0. Stock will be sold to reeidcnt* of Indianapolis only, and not Ahore than ten #hares . to any person. Seise the opportunity when It !■ within your grasp. For particulars, call on or address The Union Trust Co, 118 and 122 E, Market St.. City.