Indianapolis News, Indianapolis, Marion County, 10 February 1902 — Page 10

THE INDIANAPOLIS NEWS, MONDAY, FEBRUARY 10, 1902.

IM KUB II El SSSJfii-S

THESE NEGLECTED STOCKS WERE TAKEN UP AGAIN.

THE SPECIALTIES HEAVY

Several Favorites Made Gains— Others Continued Strong—Read* Inga Were Prominent.

NEW YORK. February lu.-Opening prices of the principal stocks were higher than Saturday’s close, and the fains were Htrfkln* in individual cases. There was a . very large demand for the Readings, the common rising % and the second preferred 114. St. Joseph A Grand Island first preferred gained 2%. General Electric, rose There were gains of a point in Illinois Central. Iowa Central preferred and Sugar. The dealings were very large and

well distributed.

When weakness dsveloped In Amalga-

mated and It sold a point under Saturday's dose, the general market became hesitating, and then reacted. St. Joe A Grand Island first preferred and Consolidated Gas meted ft point ftnd General Electric two. Meftnwhile St. Joe A Grand Island second preferred. Northwestern, Minneapolis A St. Louis; New York, Chicago A St. Louis and Wheeling A Lake Erls first and second preferred had risen 1

‘ Electric 2%.

rising 1% and

for St. Paul

up 1%, New York Central Rock Ulftnd IVi pnd Amal-

fi its

loped

broader inquiry for stocks which covered free realising in some of the leaders. American Express extended its rise to 7 points. Southern Pacific was heavily >ought up to 66ft Chicago. Indianapolis A Louisville. Chicago Terminal preferred, Missouri Pacific, Toledo, 8t. Louis A Western preferred and Kansas City Southern preferred rose 1 and 2 points. The Erie stocks were taken up after a long period of neglect and advanced about a point on large dealings. Lackawanna fell :;V4 and Delaware A Hudson a point. Toward noon there was a rapid decline of IV4 In Metropolitan Street Railway and a lapse in Amalgamated to the lowest again, which had some effect on the market’s

Northwestern and Rock Island

activity,

reacted h point.

Bonds were firm.

ui Express rose 8% Ht. Joseph and Grand Island rose 1V4 and the preferred stocks of the company continued strong. The specialties, including Sugar. Amalgamated Copper and the local tractions were rather heavy. The United States Steel stocks were firm at fractional advances. t. Earlier advances in special stocks were In some instancep extended slightly, not•ibly St. Paul, Southern Pacific and the Readings. Large amounts of Reading common were bought, carrying it to 8^4. In addition, there were new points of strength. Chesapeake A Ohio, Norfolk A Western and Chicago Terminal advancing a point. American Express continued buoyant and rose to 240. Wells-Fargo Express jumped 514, but United States Express lost a point. The special‘les were jniet and remained heavy, Amalgamated selling under 72. Third Avenue declined 1%, and General Electric sold four points selow the best. Thero were goneral slight recessions, the leclines in Nashville, Chattanooga and HI Louis amounting to 4%, New York. Chicago A St. Louis second pfd, 2%, and Virginia Carolina Chemical 1%. The Southern PacilK larcen In Hand again and bought with determination through all offerings up to 67%, an extreme advance of 2%. Wheeling & Lake PJrle first preferred also extended its gain to 2 points. A steadier tone was the response in the market. Ths closing was i lull and steady. [Hy U W. Ivouta’a Wire ] Name. Open. Hlgh.Low.Close. Atchison 7i% 78% 77 . 78 Atchison pfd 89 98% 96% .\m. Smelting *7Vi 47% 47 47% Amal. Copper 73% 73% 71% 71% Amor. Locomotive ... 32 33 81% 81% Anaconda 33% “ * B. R. T ,67% B. A O. 104% Colo. F. A 1 88 | Colo. So 16T4 16® C.. C. A St. L....104% 104% 104% 104% *r. Q. W 33% 28% » 23 " & 0 48% 47% 46% 46% 'A. m 84% 38% 34 am- w; iAL,' • ** » »•**»♦»»•*»»♦*• eKrT’ji 78 . s wv73 rv..* 1st 69% • 69% 79% 70 Illinois Cent 143 143 142% 142% leather ...... 11% 11% Louisville & Nash... 104% 106% 104% 105 Mexican Central .... 29 Manhattan Consol. .134 184% Metropolitan .. .. ..173 17 Missouri Pacific...... 103% M. . K. A T. pfd 58 53% 63 63% Monon -62% 62% 52% 52% New York Central... 164% 166% 164% 165 N. A W 67% W 67% 57% O. A W ...... 34 34% 34 34% Pacific Mail 46% 4o% Pinna 160% 150% ~ People's Gas 101 101 Reading 68 58% needtn* 1st pfd...... 83 83% $8 83% Rock Island 164 166 164 160* R. 1. and S ....16% 16% 16% 1«% St. L. ASF 62% 62% 82% 62% S. Ry. com 33 33% 33 33% S. Ry. pfd. 95% “ m r Hugar Refinery 129% 1 St. Paul 168% K ■ Southern Pacific .... «5 67% 66 67% 66% T. . St. L. A W 22% 23% 22*4 23 T. , St. L. A W. pfd. 41 42 41 42 Tenn. Coal ; 64 64% 64 64% ft. A P :.... 39 39% * Union Pacific 102% 104 102% 103% Union Pacific pfd....89% 90 89% 89% United States Steel. 43% 44% 43% 44 U. S. Steel pfd 93% 94% 93% 91 Wabash .. .... 83% 23% 23% 33% Wabash pfd 43% 44 43% 43% Western Union !*1 M% 91 91%

Local Securities. lie local security market is active. The >ck of the Indianapolis Street Railway »'ompany is in demand, although little is the market at this time. Union Traction. of Indiana. 5 per cent. Bonds are Mtfong. They are taken by investors for nermanefit holding. The Indianapolis Fire Insurance Company dividend of 8% per cent, was payable to-day. The company has made a good showing alnce it* in- * oruoration. Bank stocks continue firm. Indianapolis Gas Company 6 per cent. jKjnds find a ready sale at present prices. Railways— Bld.Asked. Belt com 108 104 Belt pfd i» 186 * Broad Rlnple 5* 90 92 Indianapolis Street 60 55 * nu.Mba, o..s rt.r^et 4s 86 86 Ind’pTs * Eaatern Traction ta.. .. i(e Oitlsens’ Street 5s ... 109% no ‘Union Traction 6s 90% Banks and Trust Companies— American National .... ..........180 ... Capital National IK i«o central Trust Company ,...117 ua Columbia National 104% ... Indiana Trust Company .....135 ... Indiana National "..1TO Marlon Trust 300 Merchants’ National Bank 156 Union Trust Company ,.,a» Gas and Lighting Companlea— Indianapolis Gas Comimny 68 «S * Indiana polls Gas Co. 6s.......... » 100 Light and Power 180 ... tnsarancs— Indianapolis Flra Ins. Co. 148 iw Indiana Inn- Company j, si American Central Life 94 W MiHceUAneou#— • ■* ■■■■* ^ •Indianapolis Improvement 6s...WO MB Indiana Guaranty and Title M> ♦New Tel. Sa, 1st series » 98 ♦New Telephone 6s. 8d series .... SI 83 New Telephone 55 New Telephone. Long Distance.. 46 50 Law Building — 98 9x Indianapolis Cold Storage W •Indianapolis Cold Storage .> W Home Brewing 161 166 *H. P Wasson pfd * M3 T. B. 1-ay cock Mfg. Co. MC J. T. Polk company lift Indiana Hotel Company MO <\nd interest. *'

r^g ^l.19. coui

The Money Market.

NEW YORK, February 10—Money on call nominally at 2% par cent; prime mercantile paper 4#4% per cent.; sterling exchange barely steady, with actual business in bankers' bills at 487%@>487% for demand and at 484%#484% for sixty days; posted rates 485%«MS$; commercial bills 4S3%@484%. Bar stiver 54%c. Mexican dol*CTJlCAG<k February Ut.-Posted exchange. 485 for 60 days and 488 on demand. New York exchange. 26c premium. Indianapolis Clearings.

Feb. 10. Feb. 1

Clearings 12,006.944 06 |1,4M,542 58 Balances .... ....... 423.471 38 179,505 92

Clearings Elsewhere.

NEW YORK. February 10.-Exchanges,

8114.676,623; balances. 15.653,546

BOSTON. February 10.—Exchanges, H8.-

240,642; balances, 81.432.018.

8T. LOUIS, February 10.—Clearing*, 88,-

508,744; balances. 81,147.653.

PHILADELPHIA, February 10.-Clear-ings, 811.621.965; balances. 82.069.589. BA LTIMORE. February lO.-Clearings,

22.8*2.657; balances, 8411,469.

CHICAGO. February 10 -Clearlngs, 827,-

433,778; balances. 82.415.614. London Closing Stocks.

LONDON, February 10.—Consols for money. 94%; consols for account, 96; Anaconda. 6%; Atchison. 79%; Atchison pfd., 100%; Baltimore k Ohio, 107%; Canadian Pacific. 118; Chesapeake A Ohio, 47; Chicago Great Western. 23%; Chicago, Milwaukee A St. Paul, 171; Denver A Rio Grande. 45%; Denver A Rio Grande pfd., 95%; Erie. 40%; Erie 1st pfd, 71; Erie 3d pfd.. 57%; Illinois Central. 146%; Louisville A Nashville, 107%; Missouri, Kansas & Texas, 25; Missouri, Kansas A Texas pfd., 54; New York Central, 168; Norfolk A Western, 68%; Norfolk A Western pfd., 96; Ontario A Western. 34%; Pennsylvania. 77; Reading, 29%; Reading 1st pfd., 42%; Reading 2d pfd., 33; Southern railway, 33%; Southern railway pfd., 97; Southern Pacific,

Paclrtc

bash pfd.. 45; Spanish 4s, 77%; bar sliver dull, 25%; money. 2%02% per cent; Rand mines, 12%; DeBeers, 46. The rate of discount In the open market for short bills la 2%@2% per cent. The rate of discount In the open market for three months’ bills is 2%#2 13-16 per cent. STOCKS’ PRESENT POSITION.

Supply Concentrated and In Strong

Hands.

[Henry Clews's Letter.]

Technically, the stock market is in an exceedingly strong position. Few stocks are in weak hands, and the floating supply being highly concentrated. It is impossible to force selling by artificial means, and trading on the short side is not a favorite pastime Just now for thoee having a serious regard for their financial health. Special stocks are affected by various plans and deals now In course of progress. These have a very vital influence in holding the market, inasmuch as those acquainted with what is going on are often unwilling to part with stocks until the outcome of such negotiations is foreseen. The public being in the dark, is equally unwilling as a buyer, especially in its

present conservative mood.

Among those who hold the bulk of the floating supply of stocks, the opinion is decidedly bullish, and in such quarters vary positive predictions of higher prices are current. In other circles, however, a decidedly conservative tone exists. With many the old argument that prices are already as high as conditions Justify is still a potent one. It is worthy of note that bank clearings and railroad earnings, though very satisfactory, are snowing steadily falling increases. The iron trade is just now tne only business exhibiting ahy phenomenal activity; and the demand for iron being special and abnormal that industry can not at this time be deemed a fair trade barometer. The grain movement at Interior points is running nearly 80 per cent, below last year, and cotton receipts have begun to decrease also. Short crops of com and cotton are at last beginning to show their effect, not only upon railroad traffic, but also upon the foreign exchange market, the conaequent scarcity of commercial bills being the chief incentive for shipp ng over 14.000,000 gold this week. A much more careful feeling is noticed In mercantile circles, where high prices on merchandise

are beginning to show their effect In lessened sales and diminished consumption. But. all things considered, the situation Is becoming more favorable to upward manipulation. It is not altogether surprising that appearances indicate that a strong concerted effort is being made to lift the market out of its' recent rut. Consequently the market hereafter will offer better opportunities for quick trading. but I adviso taking ail moderate profits rather than holding out for very

big ones.

Chicago Stocks.

—February 10.—

Open. Hlgh.Low.Close. U% 14 ' 13% 14

Name.

Am. Can Am Can pfd 65

Nat. Biscuit 46% 45% Nat Biscuit pfd. .196 106 Diamond Match .136 186

194%

m 106% 135

The Day in Wall Street [By Mcysr A Kiser’s Wire.] NEW YORK. February lO.-During the first hour the market was more active and stronger than at any time for some weeks. Southern Pacific was the leader of the railways, being heavily bought by brokers, usually identified with Keene interests. The coal stocks, more especially Reading, advanced sharply on scattered commission house buying, most of the stock being supplied by brokers with Philadelphia connections. The strength of Atchison was ascribed chiefly to covering of shorts. Steel stocks were heavy at the opening, but rallied, on purchase of 6,000 common and 6,000 preferred by a small commission house, whose order was supposed to come from house with inside interests. The

large hoi local Traction* and Copper failed to sympathise with the rest of the market. After the flret hour there was a good deal of realising, resulting in moderate reactions, but the market had a great deal of underlying strength. Advances were well maintained. There is still a large short interest in Union Pacific and Atchison, and It is said an effort will be made to make them cover. London had a very strong bull tip on Readings, and bought a good deal of the common and second preferred on the strength of it. These purchases amounted to about 4,000 shares, but were offset by sales of probably 10,000 shares, of which the larger part was made up of Southern Pacific and Erie common. In spite of the proximity of the settlement, there was no disposition on the other side to cover the fairly large short Interest open, and arbitrage houses thought that operators on the other side were Inclined to sell Americans to offset the bull speculation in the Kaffir stocks.

Of Interest to Speculators. Forty-seven railroads for the fourth week of January show 1.97 per cent, increase in earnings. The heavy buying of Reading seemed to be for the First National Bank people. Toledo, St. L. A Western securities contlitue active and strong. There appeared to be steady accumulation of these Issues, the buying of which is based on the belief that It will become a Vanderbilt property in the course of time. Now York Cotton. NEW YORK. February 10.—Cottoo-Spot closed quiet, 1-lSc lower; middling uplands. 8 9-l«c; middling gulf, 81S-18c; sales 840 bales. ‘ The range for futures was:

DEPRESSION ON ACCOUNT OF STATISTICS AND CABLES.

A SMALL SHORT INTEREST

Market Depended on Corn — Provisions Quiet—Primary Receipts —Cash Prices. •

CHICAGO, February 10.—Weekly statistics and relatively weak cables had a depressing Influence on wheat at the opening to-day. Considering the strength shown in this grain, late Saturday’s bulls were disappointed when May opened %& %c to a shade lower at 77%@77%c. Business was dull and selling was restricted largely to liquidation. There seemed to be only a very small short Interest in the market and fears were for a bearish turn. The coarse grains buoyed up a trifle after the opening, however, and kept May wheat fluctuating narrowly near the higher opening price. The amount on passage Increased 1,824,000 bushels. World's shipments were liberal, though not as large as had been expected. 8,580,000 bushels, against 8,286,000 bushels last

week.

The small early strength In corn helped May wheat to 78c, but everything In grains turned bearish again and May wheat reacted and closed easy, %c down at 77%»77%c. Corn opened quiet and easier on the prevailing early bearish feeling. May started %c to %c down at 61%c to 61%c. Cables were very steady and helped toward higher prices as the day advanced. There was some selling, which was well taken, and shorts covered to Some extent. May sold up slowly and touched 62@62%c. May corn touched 62c on the early spurt, which was largely due to the tena* clous holding by firsthands. Elevators began to sell, and shorts who had covered early took courage again. May was depressed again and closed easy, %@%c down at 61%<&*l%c. Oats had much the same early market as corn. May opened %c to %c lower at 43c to 43%c, following. Corn was dull in the extreme. As corn advanced May options picked up a little strength and made up the loss since Saturday, selling at times at 43%c Provisions were quiet early and opened steady with grain and a rather steadier hog market. Some demand set in after the opening and prices advanced fairly well. May pork started unchanged to 2%c higher at 115.86 to $15.87% and touched 815.9'(%, selling back later to $15.90. May lard and May ribs opened unchanged, the former at 9.45c and sold to 9.47%c and ribs at 8.63%c and sold to [email protected]%c. [By A. W. Thomson’s Wire.] Articles. Open High.Low. —Closed—

WHEAT— Feb

May .

Feb.lO.Feb.8.

75 75% 78 77%-% 77%-% 7T%-78 78%-% 77% 77%-78 78%

COKNMay ... July ... Sept. .. OATS— May ... July ... Sept. .. PORKFeb. ...

LARD— Feb. .. May .. July ... RIBS— Feb. .. May .. July ...

February 10:

77% 77%

77%

61% 62% 61% 61%-% 61% 61% 61%-% 62% 61% 61%-% 61%-% 61% 60%-% 61% 60% 60%-% 60%-% -*-%

.. 43

43%

42%-% 43%

.. 37%

37%

36%

37%

.. 32%-% 32%

31%

32%

16 05

15 85

15 67

15 00 15 86

..15 86

15 92

15 90

..16 00

16 10

15 95

15 97-16 15 92

946

9 36

9 27

.. 9 45

9 60

9 52

945

.. 9 55

9 67

955

9 62

9 55

8 52

8 60-62 8 52

8 45 8 57

8 42 8 62

... 862

8 70

8 62

8 87

8 62

Cash wheat—No. 2 red 84

igiSBc, No. 3 red 80®84c, No. 2 hard winter 75%*#77%c, No. 3 hard winter 74%@77c, No. 1 Northern spring 75%®77%c, No. 2 Northern spring 74%®76%c. No. 3 spring 70@7Kc. Corn—No. 3 58>4«58%c. Oats—No. 2 43%® 43%c, No. 3 42%®43c. New York Grain Market. NEW YORK, February 10.—Flour—Receipts' 15,898 barrels; State and Western quiet and steady. Wheat—Receipts 31,350 bushels; sales 856,000 bushels. Opened easy because of snow throughout the West, but recovered on prospects for a good visible supply decrease. March 84<?i64 3-16c, May 83 9-16@8313-16c, July 83 5-16®83%c. Rye steady; State 64@65c c. I. f. New York car lots; No. 2 Western 66c f. o. b. afloat. Corn—Receipts 10,000 bushels; sales 100,000 bushels. Opening easy with wheat, but also rallied on covering and steady cables, May 66%#67 3-16c, July 66%@66%c. Oats— Receipts 46,000 bushels; dull but steady; track white 60@65c. Beef dull. Pork firm. Lard firm; prime Western 9.72%c. Chicago Flax. CHICAGO, February 10. - Flax - Cash Northwest, 8171; Southwest, $1.68; May,

21.73.

Chicago Rye. * CHICAGO, February 10.—Rye closed at 58c for February. 60c for May and 60c for

July.

Other Grain Markets. MILWAUKEE. February 10,-Barley— Steady; No. 2, 64c; sample. 56&64c. CINCINNATI, February 10. — FlourQuiet. Wheat-Steady; 89%®90c. CornEasy; 63c. Oats—Weak and lower; 46%® 47c. Rye—Steady; 66c. Provisions— Steady. DULUTH, February 10.—Wheat—Cash

May July

Open. High.. Low. dose. ...884c 8.36c 8.39c 8.33c ...8.38c 8.38c 1.30c 8.31c

Crude Oil.

I Special to The Indianapolis Keen.]

NEW YORK, February M.-Crud# oil prices now are: Tiona, $1-30; Pennsvlvania, $1.15; Corning, Me; Newcastle. 90c; Whltehouse, ttc; North Lima. S»c; South

Lima and Indiana,

Lacy. 69c.

89c; Somerset and

U. S. Bonds In New York.

NSW YORK, February 10.—Government j

Sugar and Coffee, NEW YORK. February 10.-Sugar-Raw steady; fair refining. 3 3-16c; centrifugal m test). 111-Mc; molasses sugar. 215.16c. refined steady; crushed. 5.35c; powdered, 4.iBc; granulated, 4.75c. Coffee-Steady; No. 7 Rio. S\c. Molasses—Steady; New Orleans, SS®Uc. St. Louis Wool. ST. LOUIS, February 10.—Wool—Steady; Territory and Western mediums. l*@iSc; fine. 13® 17c; coarse, 13®Wc. Savannah Turpentine. SAVANNAH, February 10.—Turpentine

-Firm; 42%c.

74%c; No. 2 Northern, 68%c. Oata-38%c. Com—61c. TOLEDO, February 10.—Wheat-Cash, 87%c; May, 86%c; July, 81%c. Cora—February, 59c; May, 62%c; July, 62%c. OaU— February, 44%c; May, 43%c; July, 38c. Rye —No. 2, 62c; No. 3, 61c. Cloveraeed—February $5.65; March, $6,67%. KANSAS CITY. February 10.-Close: Wheat—May. 75%c; July, 74%c; cosh No. 2 hard, 75c; No. 2 red, S8c: No. 2 spring, 73@ 74c Corn-May. 61%®61%c: September. 59%c; cash No. 2 mixed, 61@«l%c; No. 2 white, 67c. Oata—No. 2 white, 47®47%c. LIVERPOOL, February 10.—WheatSpot steady: No. 2 red Western winter 6s 2d, No. 1 Northern spring 6» l%d, No. 1 California 6e 3d. Future* quiet: March 6a t%d. May 6s l%d. Cora—Spot quiet; American mixed new 5e 3%d, American mixed old 5s 4%d. Futures quiet; February nominal: March 5s 2%d. May 5s 2%d. ST. LOUIS. February 10.-Close: Wheat —Steady: No. 2 red. cash, elevator, 86%c; track. 87%®88%c; May, 85%®85%v July. 77%c; No. 2 hard, 77%c. Com—Loader; No. 2 cash, 59%c; track. 61%®62c; May. 62%@ 63%c; July, 63c. Oats—Lower; No. 2 cash, 44c; track. 46%®46%c; May, 44c; July, 36%c; No. 2 white, 47®47%c. Rye—Firm; 62%c. Pork—Higher; jobbing. 815.36, old; 816.10, new. Lard—Higher; 9.26c. BALTIMORE. February 10,-Flour dull; Western extra $2.80®8.2D, Western family $3.56®3 70. winter wheat patent $3.90<?4.15. spr ng wheat patent $4.05®4.35. spring wheat straight $3.85® 4.«. Wheat firm: spot and the month S3%® 33%c, March 83%®83%c. May 88%©83%c, steamer No. 2 red S)%®80%c, Soutnern by sample 78®84%c. Southern on grade 81%@ 84%c. Com firmer; spot and the month 64%®64%c. March 64%©«5c. May 65%®66%csteamer mixed ®I4®«3Hc, Southern white corn 66®6?c, Southern yellow corn 64®«6c. Oats dull and easy; No. 2 white 4ft%®60c, No. 2 mixed 48®48%c. Rye nominally steady; No. 2 nearby 67@68c, No. 2 Western 68®69<.

Wheat, 10 cars; corn, 60 cars; oata, 106 cars. For Tuesday—Wheat, 80 cars; corn, 110 cars; oats, 150 cars; hogs, 41.000 head. Clearances—Wheat, 178,492 bushels and flour 17.553 packages, equivalent to 257,390 bushels of wheat; corn. 19,467 bushela

Indianapolis Cash Prices. —February 10.— ■Wheat—Steady; No. 2 red. 86%c; track. No. 2 red, 86%e on milling freight; No. 8 red. 82%®84%c track; wagon. 87c. Corn—Steady; No. 1 white, 63%c; No. 8 white, 63%c; No. 3 white, 63%c; No. 4 white, 59%®<51%c; No. 2 white mixed, «2%c; No. 3 white mixed. 62%c; No. 4 white mixed, 58%®60%c; No. 2 yellow, 62%c; No. 8 yellow. 62%c; No. 4 yellow, 58%®«0%c; No. 2 mixed, 62%c; No. 3 mixed, 62%c; No. 4 mixed, 68%®60%c; ear, 63%c. Oat*—Steady; No. 2 white. 46®46%c: No. 8 white, 46%®46c; No. 2 mixed, 44%® 46%c; No. 3 mixed. 44%®44%c. —Inspection s. - J - Wheat—None. Corn—No. 3 white, 6 cars; No. 4 white. 1 car; No. 3 yellow, 3 cars; No. 4 yellow, jl car; No. 2 mixed, 1 car; No. 3 mixed. 1 car; no established grade, 2 cars; total, 15 cars. Oats—No. 2 mixed. 1 car; total, 1 car. Hay—No. 1 timothy, 1 car; total, 1 car. The Wagon Market. The receipts for Monday, February 10.

were good.

Corn—Selling at 79073c.

Oats-Sheaf. $12.00^13.00; shelled. 48®50c. Hay—Timothy, $12.00® 13.00; clover. $10.00

St ra w—JS.OOifM.OO.

Shredded Fodder—[email protected]. A. W. Thomson’a Grain Letter.

—February 10.—

Wheat—Liverpool unchanged, and Paris a holiday. Antwerp unchanged. Visible supply decreased 1,363,000 against 1.273.000 last year, and is now 66,566,000, against 68.494.000. The whole tone of the markets In Chicago and abroad is dull and steady. In Chicago there is not much selling pressure from long stuff, and what the bears sold one minute they seemed to buy back the next. The small primary receipts continue to be the strong feature, and is the encouragement to holders of wheat. Export demand so far reported to-day Is small. Estimated cars. 30. Cora—Liverpool %d higher. Visible supply decreased 52,000. against Increase 1,226.000 last year, and is now 11,590,000, against 16.000. 000. Market was very quiet and without features of interest. The total movement from the interior cont’iues small but the market is without any cash demand to speak of. Speculative operations are without much color. Oats—Visible supply decreased 116,000, against increase 361,000 last year, and it Is now 4.400,000, against 10,200,000. Market was weak. There was more selling pressure, which was supposed to come from letting go of long oats for the Southwest account. Movement continues small and

the demand poor.

Provisions—Market is steady and a shade firmer. Receipts of hogs. 84.000 head, against 66,000 head last year. Cash demand continues moderate and speculative operations are without attractive features. Shipments of cutmeats, 1,719,000 pound^ against 2.245,000 pounds; lard, 2.065,0(«)

pc ba:

unds, against 1,731,000’pounds’; pork, 798

rrels, against 918 barrels.

Liverpool Import*. LIVERPOOL, February lO.-The Imports of wheat Into Liverpool last week were 43,600 quarters from Atlantic ports, none from Pacific, 6.000 from ofher ports. The imports of corn from Atlantic ports last week were 5,900 quarters.

Grain Gossip. Closing prices a year ago: May wheat, 75%c to 75%c; corn, 39%c; oats, 26%c; pork, $14.12; lard, 7.52c; ribs, 7.10c. World’s wheat shipments: Total wheat this week SJ&O.OOO bushels, last week 8,284.000 bushels, .ast year 8.830,000 bushels; corn, this week 2.649,000 bushels, last week 2.658.000 bushels, last year 4,827,000 bushels. There will be no session of the Chicago Board of Trade on Wednesday. February 12, Lincoln’s birthday. Wheat and flour on passage last week, 40.480.000 bushels; previoup week, 37,760,000 bushels; last year, 36,704,000 bushels. Corn, 7.120.000 bushels, and 7,600,000 bushels and 12.392.000 bushels. Wheat on passage Increases 2,720,000 bushela; corn decreases 480.000 bushels. Liverpool weekly stocks: Wheat. 2.496.000 bushels; deciease, 200,000 bushels; week ago, 2,696,000 bushels; increase, 40,000 bushels; year ago, 3,920,000 bushels; decrease, 124.000 bushels. Corn, 1,200,000 bushels: decrease. 8,000 bushels; week ago, 1,206.000 bushels; increase, 48,000 bushels; year ago, 880.000 bushels; increase, 80,000 bushels. Average weight of hogs at Chicago last week, 206 pounds. Previous week, 204 pounds. Year ago, 225 pounds. Two years ago, 228 pounds. Minneapolis claims to be the largest primary a heat market in the world, handling 93,000,000 bushels' yearly. The Indianapolis correspondent of the Northwestern Miller writes: Farmers still think there is a chance to get 81 per bushel for their wheat. The only section in which the wheat crop appears to be in danger is around Newark In central Ohio, in which section they have not had a good crop for many years. In other parts of Ohio the growing crop in first-class shape. The fields in Indiana are well protected and no danger is feared at present. The remark was recently made by a man who is not upset by every report, that wheat was not a hot-house plant and that It was much too early in the season to kill even 50 per cent, of It. Wholesale Markets. Trade in the wholesale district opened steady up to the average for the season. There were few changes in prices from last week. Sirups are advanced another cent, mainly, it is said, on account of heavy consumption. Increased demand has put raisins up %c to 1c a pound. Prunes are very firm at quotations in spite of the enormous crop which it was supposed would make them lower in price. It has been found, however, grocers say. that they are cheaper at the old prices than things that might take their place, and the consumption Is large. Pork products are generally unchanged, but beef shows advances. Barbed wire has been advanced 10c in harmony with the raise made by producers, and because of the difficulty in getting a supply of steel. Prices in other lines are generally unchanged. Smoked Meats and Lard. SMOKED MEATS—Sugar-cured Hams: First quality. 18 to 20 lbs. average, 12%c; 15 Ibe. average. 13Hc: 10 to II lbs. average, 12%c; second quality, 20 to 18 lbs. average, none; 15 lbs. average. 12c; 10 to 12 lbs. average. 13c. CALIFORNIA. HAMS—6 to S Ibe.. S%c; » to BREAKFAST BACON - English-cured, 14c; choice, sugar-cured, 14c; 6 to 7 lbs. average, Uc; 8 to 9 Iba., average. ll%c; 10 to 12 lbs. average, 12c; 5 to « lbs. average, narrow. ll%c. ENGLISH BACON—Choice selected. 8 to 10 Iba. average, l$%c; 10 to 1$ lbs. average, 12%c; 12 to 14 Iba. average. 12c. BACON (Smoked)—Clear aides, about 50 to 60 Iba. average, 10%c: 20 to 40 lbs. average. 10%c; 30 to 30 Iba. average. Uc; clear bellies. 25 to 3u lbs. average, 10%c; It to 22 Iba. ave age, Uo; 14 to 16 lbs. averags, U%c; clear backa, 20 to 30 lbs. average. lOttc; 12 to 16 lbs. average, 10%c: 6 to « lbs. average. 1044c; flitches, 10 to 12 lbs. average. #%c. Dry salt, %c leaa. SHOULDER8—EngHsh -cured, U to 30 lbs. average. 9%c; It lbs. average. 10c; 10 to 12 Ibe. average, 10c Sugar-cured, 8 to 10 Iba., average, 9, nRIED BEEF HAMS-Regular eeta. 12c; outatdea. 11c: tnsldea. ll%c; knuckle* 13%e. LARD—In tlercee: First quality, ll%c; see- ‘ ‘ 10%c. boneless pig pork.

BEST HOBS SOLD STEM

SUPPLY LARGE FOR THE DAY, BUT BUSINESS SLOW.

ONLY ONE LOAD OF CATTLE

Veal Calves Steady—No Sheep—ToDay’s Prices — Other Live Stock Markets.

Indianapolis Union Stockyard*. Feb. 10. CATTLE AND CALVES—Receipt* light. Shipments none. The business transacted was lighter than the average for this aay of the week. But one load of cattle arrived. They were a bunch of good weight, lair quality steers, averaging 1,418 pounds, that sold at 86.00, a sale considered about 10c lower than last Friday. The remainder was made up of veal calves, sales of which were considered steady as compared with last week's closing. A few transactions were made In holdover stock. Fair to best grade# of stock were considered about steady, but the tendency of the medium and common grades and stock cattle was decidedly lower. There was little demand In evidence but it exceeded the supply. Business quiet. All sold. Closed steady. Good to prime export steers, 1,350 to 1,500 lbs. average $ 6 00® 6 50 Fair to medium export steers, 1,200 to 1,400 lbs. average 6 GO® 6 00 Good to prime butcher steers, 1,100 to 1,260 lbs. average 4 75® 6 50 Good to choice feeding steers .. 3 75® 4 50 Fair to good feeders, 600 to 1,100 lbs. average 3 Light Stockers 3 Good to prime heifers 4? Common to medium heifers 3 Prime to fancy export cows.. 4 Fair to good cows 3 Canners and common cows .... 1 Good to choice light veals .... • Common to good heavy calves 4 Good to choice fat bulls 3 Common to fair bulls 2 Good to choice cows and calves 30 Common to medium cows and calves 20 00030 Oa HOGS—Receipts 2.109 head. Shipments small. The best hogs sold steady at Saturday’s prices. All others were weak to lower. Business was slow, but a fair clearance was finally made. The supply was larger than the average for Monday, showing an increase of over 1,500 head over last Monday's run. Quality fair. Local packers were the buyers. Choice heavy hogs sold up to $6.46. a load of fancy heavy hogs, all barrows, going at that price; $6.00 marked the top for light hogs. The late market was a little stronger than the opening. All the good hogs were sold, out a few light hogs were held over._ Good to prime heavies $6 Mixed and heavy packing 5 Good to choice lightweights.... 5 Common to fair lightweights— 6 Common to good pigs 4 Roughs 4 SHEEP—Receipts none. Shipments none. There was no market, as nothmg was offered. On the strength of the outlook in the general market, local quotations continued unchanged. The demand is good from all sources. Fair to choice lambs $5 50®6 85 Common to medium lambs 4 00®5 50 Good to choice yearlings 3 Good to choice sheep 3 Common to medium lambs 4 Stockers and feeding sheep 1 Bucks, per 100 pounds 2

Interstate Live Stock Market. Interstate Stockyards. February 10. HOGS—Receipts 150 head, shipments none. The few sales of hog* indicated little change in the market from Saturday’s prices and conditions. The supply was made up of mixed weights of very ordinary quality. There was a fair demand manifested from the various sources. Choice heavy hogs were quoted at $6.26®6.40, with fair to best lightweights at $5.9006.05. The market closed quiet and steady. • Good to choice heavies $6 25®6 40 Good to choice medium grades.. 6 10®6 25 Common to good lights 5 75®6 06 Light and heavy mixed 6 7506 36 Pigs, 110 pounds and up 6 20@5 75 Light pigs and skips 5 00®5 50 Roughs i... 6 0005 80 Other Live Stock Markets. CINCINNATI. February 10.-Hog»-Act-ive and steady; butchers and shippers, $6.3606.40; common. $6.00©6.00. Cattle— Quiet and lower; fair to good shippers, $4.85®6.66; common, $2.2&®3.40. Sheep— Steady at [email protected]. Lambs—Strong at

$4.75®6.25.

ST. LOUIS, February 10.—Cattle—Receipts 2,700 head, including 1,500 Texans; market steady to stronger; beef steers, [email protected]; Stockers and feeders, $2.6004.55; cows and heifers, 82.^06.00; Texas grass, $3.20®4.00; fed, $4.2504.50; cows and heifers. $2.4003.85. Hogs—Receipts 400 bead; market steady; pigs and lights, $5.9006.00, packers, $5.9006.75; butchers, [email protected]. Sheep—Receipts 400 head; market strong; natives, $3.2604.75; lambs, $6.0006.35; Tex-

ans, $3.4004.30.

EAST LIBERTY. Pa., February 10.Cattle—Receipts 2.000 head; market 10c to 20c higher on all kinds, tops $6.80. Hogs— Receipts 10,000 head;heavies,$6.35®6.45; mediums,$6.3006.40; heavy Yorkers, $6.2006.26; light Yorkers, $6.0606.16; pigs, $5.7506.90; roughs. $5.0006.00; market slow. Sheep and

Lambs—Receipts 8,000 head: extra prime lambs, $6.40; fair to good, $6.0006.50; culls to common, $3.5004.50; best wethers, $5.26;

fair to

.50; culls

ond. 19%c; third, lOVic; leaf. lOVsc. PICKLED PORK—Fancy bond* per bbl. 300 lb«.. $21.00; bean, clear, per bbl. IM lbs., $20.00; family, $U.50; rump. $17.00.

To-Day** Primary Market*.

Primary market receipts—Wheat, 602,000 bushels, against 736,000 bushels the corre-

' ?aay a

against day a

spending day a year ago; corn. 284.000 bushels, against 860.000 bushels the corre-

sponding day a year ago.

Primary market shipments—Wheat. 121,000 bushels, against 248,000 bushel* the corresponding day a year ago; corn, 194.000 bushels, against 332,000 bushels the cor-

responding day a year ago.

Minneapolis received 32* cars of wheal and Duluth 42 care, a total of 366 cars against 586 cars the corresponding day a year ago. j St, Louis receipts—Wheat. 30,000 bush- j els. against 52,000 bushels the correspond-

Injr dav a year Ago.

Kansas City receipts—Wheat, 29 ears, against 106 care the corresponding day a

year ago.

Chicago car lots—Wheat, 17 cars; corn,

S3 care: oats. 108 cars.

Estimated care at Chicago for Monday—

8AUSAGK—Smoked pork sausage. S%c; frankfurts. $c; weinerwurst, *c; knack sansayre. S*4r; bologna. «r»t quality, akin, 6%c; cloth, S'^c. Dressed Meats. FRESH BEEF—Carcasses: Western steers, '■y-O native steers. 90»>4c; native heifers. $50 to MO lbs., 7V»6«c; native cows, *00 to 550 lbs.. 6%c. cows. 050 to 650 lbs. 6%c; steer fores. T%c: steer binds, Uc; heifer hinds, *V»c; heifer fores. 6c; cow faces. 6c: oow hinds, Se. FRESH VEAL—Carcass, 10c; hindquarters, 13c. forequarters. 7c. MUTTON-Lambs, per lb.. Me; sheep. 8c; less, mutton. »%c; racks, mutton, short, 16c. FRESH PORK—Loins, Fgl0%c; cotta.ro hams. Sc; skinned shoulders. S%c; fresh bellies. U%c; tenderloins, 30c; dressed bogs, 8%c. Treasury Statement. WASHINGTON. February 10-To-day s statement of the Treasury balances in the general fund, exclusive of the $150,000,000 gold reserve in the division of redemption, shows; Available cash balance, $179,161,522; gold, $87,837,321.

St Louis Metals. ST. LOUIS. February 10.—Lead—Strong. 4.0004.06c. Speltjer—Weak, offered At 4.87%c.

CHICAGO. Feb, basis of $1.31 for

fhisky. irv 10.—Whisky on the ilsned goods.

j good. $4 6004.75; culls to common, $2.5003.25; best yearlings* $5.60; strong on

all 7 kinds.

SOUTH OMAHA, February lO.-Cattle-Receipts 3,000; active and steady; native steers, $4.0006.50; cows and heifers, $3,000 5.00; Western steers, $3.8006.30; Texas steers, $3.60®4-90; earners, $1.7602.75; stockers and feeders, $3.0004.60: calves, $3.0006.60: bulls, stags, etc.. $2.2&04.6O. Hogs—Receipts 6,200; steady; heavy, $6,000 6.30; mixed. $6.90<§*.06; light, $5.6006.06; pigs, $4.5006.50; bulk, $5.9006.10. SheepReceipts 2,800; active; strong; fed muttons, $4.5006.60; Westerns, $3.8004.40; ewes, $3.5004.60; canners and stockers, $3.7504.50;

lambs, 35.2506.25.

KANSAS CITY. February lO.-Cattle-Recelpts 4,000 head, including 500 Texans; market steady; native steers. $5.8506.25; Texan and Indian steers, $4.2506.26; Texas cows, $2.7604.25; native cows and heifers, $3.0006.25; stockers and feeders, $3.5005.00; bulls. $2.0004.60; calves. $4.5006.25. HogsReceipt* 8.000 head; market steady, 5c lower; bulk of sales. $5.6006.30; heavy, $6.3006.40; packers, $6.1006.35; medium, $6.0006.30; light. $6.5006.10; yorkere. $5,260 6.00; pigs. $5.5005.75. Sheep—Receipts 3,500 head; market steady; muttons, $4.0006.00; lambs. $6.5006.26; range wethers, $4.40©

4.80; dwes, $4.0004.50.

CHICAGO, February 10.—Cattle—Receipts 20,000 head, including 1,000 Texans; steady; good to prime steers, $6.5007.25; poor to medium, $4.0006.00; stockers and feeders, $2.5004.50; cows, $1.2606.00; heifers, $2.5005.26; canners, $1.2502.25; bulls. $2.26 04.65; calves, $2.5007.60; Texas fed steers, $4.2506.00. Hogs—Receipts to-day 53,000 head; to-morrow 42,000 head; left over 5,204 head; steady; mixed and butchers. $6,000 g< ~'"gH8fe

rough hi

bulk of ™.~-, ^.ivc 24,000 head; sheep and lambs steady; good to choice wethers, $4.6006.30; fair to choice mixed, $3.6004.50; Western sheep, $4.26® 6.65; native lambs, $4.5006.65; Western

lambs. $6.2506.40.

EAST BUFFALO. February 10.—Cattle —Receipts 8.250 head; quiet, but steady for good to best steers and common fat cows and heifer stock; medium and rough steers, 10016c lower; best steers. $6,500 6.75; medium to good shipping and export, $0.5006.35; light to prime butchers. $4,260 6.40; prime heifers. [email protected]; others. $3.50 05.00, best fat cows. $4.2504.50; canned to good butchers, $2 2504.10; bulls. [email protected]; stockers and feeders dull and weaker, except for prime feeders; veals, $7.0009.26. Hog*—Receipts 17,000 head; active. 5010c

«t at 24c. Butter — Steady. PoultryFirm; chickens, 9011c; turkeys, 9010c. Cheese—Steady; Ohio flat, 11c. LOUISVILLE, February M.-Butter-Bricks. 25c; 60-pound tub*. 24c; 25-pound tubs. 24%e. Eggs—22c. Poultry—Hens. 9c; chickens. 14c; turkeys, 10c; ducks. 10c. ST. LOUIS, February 10.—Poultry—Quiet; chickens, 8%c; turkeys, U©12c; ducks, 11c; geese, 506c. Butter—Firm; creamery, 21027c; dairy, 17@22c. Eggs—Steady at 28c. CHICAGO, February lO.-Buttter-Firm; creameries, 16027c; dairies, 1*/? :2c. Cheese —Steady; cheddare, 9%@10%?; twins, 10%© M%c; daisies, 10%c; young Americas, 11# U%c. Eggs—Firm; at mark, cases included, 27c. Dressed poultry—Firm; turkeys. lO014%c: chickens. 9®llc. BALTIMORE. February lO.-Cheese firm and unchanged; large ll%c, medium 11%© 11%C, small ll%011%c. Butter firm and unchanged; fancy imitation IS® 19c. fancy creamery 27028c, fancy ladle 16017c, fancy roll 17018c, good roll lS®16c, store packed 14015c. Eggs firm and unchanged at 27© 28c. NEW YORK, February 10,-Butter-Re-celpts 5.815 packages; firm; State dairy. 15® 25c; State creamery. 20®28c; June creamery, 16024c; renovated, 12022c; factor}’, 14%019c. Cheese—Receipts 1.384 packages; firmer; State full cream,small, early-made, fancy colored. ll%612c; State full cream, small, early-made, fancy white. 11%011%o; large, early-made, white, 11%011%c; large, early-made, colored, 10%c, Eggs—Receipts 4,822 packages; firm; State and Pennsylvania, 28029c; Western, at mark. 2S^i28%c; Southern, at mark, 28c. Poultry—Alive very firm; springers, 10%e; turkeys, 12%c; fowls, 12%c; dressed quiet; springers, 120 13c; fowls, 13c; tuikeys, 12%®13c. Fruits and Vegetables. FRUITS—Lemon* selling at 2.50 for 300s or 360s; fancy, $2.5002.75. Bananas, firsts, $1.25 a bunch. Cocosnuts selling at $2.00 a hundred. Apples, $$.75 a barrel; fancy, $6.00. Grapes. Malagas, keg, $6.0007.00; Cranberries, Jerseys, $6.00; boxes, $1.90; Cape Cods, $8.00 a barrel. Florida oranges, $3.26; California navels, fancy, $3.25; choice, $2.60. VEGETABLES-Onions, a bushel, $1.25; Spanish, $1.i5 a crate. Cabbage, a barrel, $1.60; a ton. $26.00. Celery, fancy California, 60c. Potatoes, 90c a bushel. Sweet tucky, $3.50. Washed parsnips, 76c a bushel. Washed turnips. 60c a bushel. Beets, 90c- a bushel. Carrots, 50c a bushel. Canada rutabaga turnips. 50c a bushel. SOUTHERN STUFF—Hothouse lettuce, 15c a pound; rhubarb, 40©GOc a doaen; strawberries, 46050c a quart; Florida tomatoes, $3.50 per 6-basket crate; N. O. shallots, 40®45c a dozen bunches. Florida head lettuce. $3.00 a hamper. New radishes, 60c a dozen bunches.

Continued from Page One. In as much as It is the purpose of this company to provide facilities for all present or future suburban or interurban railroads efitering the city of Indianapolis, Including the erection of a union Interurban depot, a power station, car barns and modern car repair shops with the most improved equipment for every form of car and electrical repairs, your petitioner asks that it be stipulated in said contract that any future interurban company entering the city of Indianapolis and desiring to use such facilities and duly authorized by the Board of Public Works and Common Council of Indianapolis, shall have the right to do so upon the most favorable terms then enjoyed by any other interurban or suburban railroad company in this city under contract with this company, its successor or qsslgns, for similar facilities. The streets, alleys, avenues and public places along which this company desires to construct, maintain and operate its proposed lines are as follows: Streets Asked For. New York street, from Senate avenue to Davidson street, and from Randolph street to the city limits; also from Blake street to Belmont avenue; also from State avenue to Randolph street Ohio street, from Senate avenue to New Jersey street. Market street, from Alabama street to P ie street, and from Senate avenue to California street. Washington street, from California to the west end of Washlngton-street bridge. Maryland street, from Senate avenue to Capitol, and from Delaware to Alabama. Georgia street, from Senate avenue to Delaware street. Merrill street, from Kentucky avenue to Madison avenue. Ray street, from Harding street to Dro-

ver.

Lexington avenue, from Shelby street to the C., C.. C. & St. L. railroad. Lambert street, from Bismark to Hard-

ing.

Orange street, from Olive street to Churchman avenue. Palmer street and its extension, from Barth avenue to Olive street. Morris street, from Bismark to Shef-

field.

Kansas street, from Capitol avenue to Illinois street. Wisconsin street, from Capitol avenue to Illinois street. Minnesota street, from Chestnut to Madison avenue. Raymond street, from Bluff avenue to Madison avenue. Southern avenue, from Madison avenue to Shelby street. Veimont street, from Davidson to Ran dolph, and from Tibbs avenue to Holmes

avenue.

Calvelege street, from Holmes avenue to Bismarck avenue. Tenth street, from Bismarck avenue to Missouri street. North street, from Fayette street to Capitol avenue. St. Clair street, from Davidson to High land avenue. Thirteenth street, from Bellefontaine to Cornell avenue. Fifteenth street, from Northwestern avenue to Missouri street. Sixteenth street, from Missouri street to Cornell avenue. Nineteenth street, from Cornell avenue to Marti ndale avenue. Twenty-second street, from Rural to Dearborn streeL Twenty-third street, from Dearborn street to Stuart street. Twenty-fUtta street, from Rader street to Senate avenue, and from Stuart to Gale street. Thirtieth street, from Rader street to the west corporation line of the city. Holmes avenue, from Vermont street to Calvelege street. Bismarck avenue, from Lambert street to Morris street, and from Calvelege to Tenth street. Sheffield avenue, from Lambert to Morris street. Belmont avenue, from New York street to the south line of right-of-way of the I., D. 4k W. railroad. Harding street, from Lambert to Ray

street.

Kentucky avenue, from Belmont avenue to Merrill street. Drover street, from Ray to Henry street, and along the proposed street on the west side of the river, from Henry to Wash-

ington street.

West Washington avenue, from Wash-

ington street to Blake.

Blake street, from West Washington

ood heavy. KW06.4^; to New YoriTstrVet " ashlngton

000 head: active, 5010c advance over last week's closing: top lambs, $6.2006.26; a few fancy, $6.3006.35; others, $4.5006.15; sheep firm; tops, mixed. [email protected]; culls to good, *3.2504.70; wethers, $5.0006.50; yearlings, $5.5006.75.

Indianapolis Produce. EGGE—At mark, 22c. POULTRY — Chickens, 8c; hens, 8c; roosters. 4c; ducks. 8c; turkeys, io pounds or over, 10c; old toms, 6c a pound; geese, *6.4006.00 a dozen. BUTTE R-Country steady at 14c a pound; jobbers selling State creamery at BUt£eRINE—Selling for 14c to 17c. CHEESE — Jobbing prices: Imported Swiss, 27c a pound: new domestic Swiss, 16017c; Wisconsin cream, 12%®13c; New York cheddare, 12%®13c; domestic limburger, 14c; brick, 14c. CINCINNATI, February ly.-Eggs-Qui-

Market street.

Rader street, from Twenty-fifth to Thir-

tieth streeL

Fayette street, from North to Tenth

street.

Northwestern avenue, from Fifteenth street to Twenty-first streeL Wendell streeL from Twenty-first street to Fall creek. Indianapolis avenue, from Fall creek to Twenty-fifth street. Senate avenue, from Twenty-fifth to Thirtieth street. Graceland avenue, from Thirtieth street to the north corporate limits of the city. Senate avenue, from Merrill street to New York street. Missouri street, from Tenth to Sixteenth street. Capitol avenue, from Georgia to North streeL and from Merrill to Wisconsin

street.

Illinois streeL from Kansas to Wisconsin street. Bluff avenue, from Raymond street to the south corporate limits of the city. Chestnut street, from Madison avenue to Minnesota street. Madison avenue, from Merrill to Chestnut streeL and from Minnesota street to the south corporate limits of the city. Pennsylvania streeL from Madison avenue to Georgia street Delaware street from Georgia to Maryland etreet Alabama street from Maryland to Market streeL New Jersey street from Market to New York street. Noble street from Market to Huron Huron street, from Virginia avenue to Shelby street. Olive street, from Lexington avenue to Palmer street. Barth avenue, from Palmer street to

Raymond street, and It* extension from Raymond street to the south corporate limits of the city. Pine street, from Market to Washington

street.

Washington street, from Pine street to

Southeastern avenue.

Southeastern avenue, from Washington street to the east corporate limits of the

city.

State avenue, from New York street to Vermont. Randolph street, from New York to Vermont street. Davidson street and Peru avenue, from New York to John street. John street, from Peru avenue to Maasachusetvs avenue. Bellefontaine street, from Massachusetts avenue to Thirteenth streeL and from Twenty-third street to Thirtieth. Cornell avenue, from Thirteenth to Twenty-third street. Martlndale avenue, from Nineteenth ta Thirtieth street. Dorman street, from Vermont to St. Clair street Highland avenue, from 8L Clair to Tenth street. Brookside avenue, from Tenth to Rural street. Rural street, from Brookside avenue to Twenty-second street. Dearborn street, from Twenty-second to Twenty-third street. Stuart street from Twenty-third to Twenty-fifth street. Gale street, from Twenty-fifth to Twen-tv-elrhth Virginia avenue, from Huron street to Maryland street. Addreaa to th« Board. Charles F. Smith read the following address to the Board of Works: “The undersigned, representatives of interurban and suburban railroad companies, in compliance with the publicly expressed wish of the mayor and the Board of Works, have endeavored to obtain from the Indianapolis Street Railway Company some definite statement as to the terms on | which the Indianapolis Street Railway J Company would admit the cars of the In- j terurban railroads over the Indianapolis | company’s lines. (A letter addressed to i the president and general manager of the | Indianapolis Street Railway/ Company, \ weeks ago, requesting him to submit to I us a form of contract which his company w'ould be willing to enter into with the interurban companies is yet unanswered. : Copies of the correspondence are herewith attached.) “Being unable to obtain from the Indl- i anapolis Street Railway Company any 1 indication of its proposed dealing with i the interurban companies, and calling your attention to the great importance of the interurban railroads in developing tht commerce of Indianapolis, which justifies these roads in asking for a fixed status and for certain facilities that are of more benefit to the people of Indianapolis than an ordinary local street railway, we respectfully ask that the Indianapolis Interurban Terminal Company be granted a franchise over the streets and public places of Indianapolis over the several routes set forth In Its petition, in return for which the Indianapolis Interurban Terminal Company agrees to give what the people of Indianapolis have heretofore demanded in vain—a 3-cent fare. Three-Cent Fares. “A few of the advantages to the people of Indianapolis we may epitomise as fol-

lows:

“I. A 3-cent fare, with transfer privileges from one route to another on ail lines to be built by the Indianapolla Interurban Terminal Company. “2. Relief from the present congestion of the Indianapolis Street Railway Company’s tracks. / “S. An extension nMoc.al car facilities to all parts of Indianapolis which are now Inadequately furnished with street-car

service.

“4. The investment of a large amount of

new capital in Indianapolla

“While It is true that the convenience of good local street railway facilities Is of much concern to the residents of a city as large as Indianapolis, yet the fostering of this intercommunication between Indianapolis and cities within a radius of 100 miles is of paramount Importance in the development of Indianapolla, and we respectfully submit that the utmost encouragement should be given to these Interurban lines, particularly where such encouragement in nowise abridges the rights of the Indianapons Street Railway Company under its charter, and particularly where such encouragement does not deprive the Indianapolis Street Railway Company of the legitimate profits of the charter re-

cently granted (L

“We further submit that (the rights of the Indianapolis Street Railway Company under its charter being preserved), it rests- with the people of Indianapolis, and their respective representatives, the officials of the city of Indianapolis whether the Indianapolis Interurban Terminal Company is to be given streets as prayed for in their petition. We are quite willing to take the judgment of the entire people of Indianapolis as to whether our request

is fair and reasonable.

"The present local company in Indianapolis, from the standpoint of the public welfare, can not be opposed to the Indianapolis terminal company's proposition, as the present local company does not offer the necessary facilities for the interurbans. An Inspection of the map

ig the routes

our petitioner (the terminal

DAVID HARUM ha* wisely said: “ Int’rest’s one o’ them things that keeps right on nights and Sundays. ’

Deposit Your Savings ...in the... INDIANA TRUST

CO.

It VrlH Pay 3(1* You — tfyO Intor—t

on deposits of $1.00 and upward. Yoq may open an account at any time No

regular amount is required.

Oflic**: Indiana Trust Building Cor. Was*. Sc mm* Virginia Arm.

Merchants’ National Banh • • • Capital and Surplus. $1,300,000

Soiioltod

herewith submitted, containing the routes company) asks for a franchise, shows that

over which

congestion in a great measure would be relieved, besides affording service to parts of the city now without it. Furthermore, routes prayed for would have the effect of breadentng the area of the commercial district in Indianapolis. “This new and curprising tide of traffic between Indianapolis and cities within a comparatively large radius of Indianapolis, is due to the cleanliness of travel over electric lines, the frequent service and the cheap fares, and anything which Interferes with this traffic within the city limits of Indianapolis serves to discourage a constantly growing business of large

profit to Indianapolis.

Permanent Terminals. “To encourage the building of these interurban roads, which, to the State of Indiana are what the free gravel roads were thirty years ago to the farmers, certain other facilities, which the Indianapolis Interurban Terminal Company would furnish, are necessary. Investors in Interurban roads may reasonably ask that the permanent location of their terminals in Indianapolis be assured. To leave it open either to the local street railway company or to the city government to hereafter change the routee or location of stations in the city of Indlanapoile is a feature which investors in securities look on with disfavor, thus making it dtiicult

to finance these roads.

“Besides the roads now running Into India napoUe and now building, other enterprises are under way, and their success will depend largely on the easy and favorable access to what is approximately the center of the city of Indianapolis. The Indianapolis Terminal Company will give the city of Indianapolis such assurances as reasonably may be required, that any enterprises of the future will have these facilities. For the sake of public convenience and for the economy of the interurban roads, a union station for the public, and barns where cars may be stored at night, a union repair shop where repairs for all lines can be made at cosL and a union power station for furnishing power are needed. Without these, the lines running into Indianapolis are handicapped. Such facilities are not offered by the Indianapolis Street Railway Company and are entirely outside of its corporate business. The Indianapolis Interurban Terminal Company will offer these advantages, besides concentrating a large

car shop Industry.

“The present construction of track in Indianapolis Is injurious to the rolling stock of the Interurbans. The Indianapolis street railway’s tracks consist of rails of different patterns and sizes. laid at different times, and while sufficient for the purpose of local traffic, are in many

I HAVE FOR SALE Belt R. R> mmd Stockyarda Common Stack, ladlaoapolla Pin Stock. Saauity Tmt Stock. Vataa Traction, Oaa and Talapkaaa Banda.

places unsuitable and dangerous for running Interurban cars. Public safety and a fairly economical operation of the Interurban cars demand that tracks for their use should be constructed in accordance with the most modem enginsering skill. The center-pole system is impracticable for interurbans. Some ot the Interurban care are now being run four Inches off the center* because the local company maintains the center-pole system. Inter-

urbans require an extra amount of power In the suburbs of the city to maintain their speed, which is inconsistent with the Indianapolla Street Railway Company's system, where the greatest power Is massed at the center of the city, for the purpose of hauling the oars over three

or four streets.

“Your petitioners, to show that the permission which they hereby ask does not conflict and is in no wise inconsistent with the rights now enjoyed by the Indianapolis Street Railway Company, die Section 19 of the charter under which the Indianapolis Street Railway Company operates, which reads as follows: ** ‘Provided, that nothing herein contained shall be so construed a* to in any wise abridge or restrict the right now had and held by said Board ot Public Works and Common Council, to exercise Jurtsdlction over the streets, aileys, avenues or bridge* of said city, or to exercise its power to contract with othsr companies or corpora lions concerning the occupation or use of the same.’ Respectfully sub-

milted*

"Indianapolis k Greenflel U Rapid Transit Company. “By JOHN W. CHIPMAN. “Indianapolis 4k Martinsville Rapid Transit Company. “By CHARLES FINLEY SMITH. “Indianapolis k Western Traction Com-

pany.

“By CHARLES FINLEY SMITH. “Indianapolis, Greenwood k Franklin Railroad Company. “By W. G. IRVIN. “Central Traction Company of Indiana. “By W. L. KANN. “Indianapolis k Lebanon Traction Com-

pany.

“By WM. HELFENBERGER.’’ Letter to Hugh McGowan.

The following is a copy ot the letter sent to Hugh J. McGowan, January 3D: "The parties at Interest who have attached their signatures to this communication would respectfully request that you submit to th&m a draft of final contract and agreement that your company would be willing to execute with each of the several traction or transit companies, said contract to cover the following points: “1. The right to use the tracks of your company, from the connecting points with the interurban roads, to some central place within the city, and power sufficient to operate the cars of the interurban roads, while they may be upon

your tracks.

‘I. Your company to remove all poles In the center of the street between your double tracks upon such streets' as are to be used by the interurban companies. In order that our equipment may be operated with the greatest safety to our patrons. “I. Your company to provide terminal depot for the use of the interurban roads, where they can receive and deliver express and freighL stating under this head

what facilities you will provide.

“4. The compensation you would require from each of the interurban companies for the above mentioned use of tracks, power and terminal facilities, terms of payment, length of contract, and such other matters as, in your judgment should be fully understood. “We each of us wish to be understood aa claiming to have a preliminary agreement with your company covering most of the above mentioned points, at th* same time some of us have been notified by you that the existing contracts are not acceptable to you, and we trust you will promptly supply us with the draft of s final contract in order that there may be no delay in cloelng negotiations pending between the city of Indianapolis

and our various companies

“Will you kindly acknowledge receipt of this communication, and oblige? Very re-

spectfully yours.

“INDIANAPOLIS k GKEENFIBLD RAPID TRANSIT OO.-J. M CHIP-

MAN. General Manager.

“INDIANAPOLIS * MARTINSVILLE RAPID TRANSIT CO.—C. F. SMITH,

President,

'TNDfANAPOLJg A WESTERN TRACTION COMPANY—E. M. SMITH.

V ice-President.

••^DIANA^iiS. GREENWOOD k E£**nCUN RAILROAD COM-PANY-HUGH T. MILLER, Secre-

tary^

“INDIANAPOLIS. &HELBYVILLE & SOUTHEAST TRACTION COM“CENTRAL TRACTION COMPANY OF

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