Indianapolis Journal, Volume 48, Number 246, Indianapolis, Marion County, 3 September 1898 — Page 7
THE L. A. KINSEY CO., INCORPORATED. CAPITAL, ft2S.OOO~.FLLL PAID. -BROKERS-. Chicago Grain and Provisions, New York Stocks. Long Distance Telephone. 1375 and 1593. 11 and 13 West Pearl Street Cincinnati Office. Room 4, Carlisle Building. NO ROOM FOR COMPLAINT INDIANAPOLIS GREATLY FAVORED IN THE WAY OF LOW RATES. The Buying of Securities of the Wa> bash Said to Have Been In the Interest of the Vanderbilts. a "I have,” said a general passenger agent, “been recently looking into the matter of iow passenger rates, which are now given or. almost any pretext, and I find that there is ”'it a railroad center in the country vrhei'9 there were so many days in a year that lot 7 rates prevailed as at Indianapolis. No matter what the occasion is, the roads are at once asked to announce reduced rates, and with each year a lower rate is demanded. A few years ago 2 cents a mile was very satisfactory, then a half rate was asked for and granted, and now the time has come whe.i only a one-cent-a-mile rate Is satisfactory. I know of no place where there are so many societies and so many conventions as at Indianapolis, and fully two hundred days of each year, including Sundays, low rates are given to parties going from or coming to Indianapolis. Investigation will show that this statement as to 1897 is true, and before the year is out the same will doubtless be true of 1898; still, people complain- that the Indianapolis roads do not favor the traveling public with lower rates. In August there were low rates to Indianapolis, not including Sundays, thirteen days of the month, and on four of them but one cent a mile, and already six days of this month low rates are announced for Indianapolis, and a number of societies are negotiating for reduced rates in and out of here. Investigation will show that but few, if any, cities are more favored than Indianapolis in this matter of low excursion rates.” No Differentials Allowed. The Interstate-commerce Commission by • decision yesterday in the matter of the passenger rate disturbances of the Canadian Pacific Railroad, Involving the propriety of differential passenger rates between Eastern points and the Pacific coast, held that the Canadian Pacific Is not entitled to the differential contended for. The case is one of the most important that has been before the commission for a long time, the American railroad lines and the Canadian Pacific having been engaged six months or more In a war on passenger tariff between the East and West. The decision says; “The commission holds that the claim made in behalf of the American roads that no Canadian road is entitled to a differential under any American lines on any American business is probably untenable, even from the standpoint of American roads, as some Canadian roads, notably the Grand Trunk, work in close connection with American, lines and the puhlio interest in the decreased rates caused by competition is not to be ignored.” The commission, however, states that it has no power to allow or disallow the differential in dispute. The commission, in conclusion, says: “It must be distinctly understood that we do not recommend the settlement of this controversy by making of any agreement, involving arbitration or otherwise, which is in violation of the antitrust law as interpreted by the United States Supreme Court. Such features of the past or future history of this controversy as may In our judgment render appropriate any statement or recommendation to Congress will be presented In our annual report to that body So far as our official action can affect the matter, we conclude that we ought, not at present to rescind ihe suspension orders heretofore made.” The passenger tariff Involved In this dispute also applies between St. Paul and other localities and points on the Pacific coast, which arise from the refusal of American lines to longer continue allowing the Canadian Pacific a differential basis under which fares from the East to Pacific coast Solnts by that route were less than those y the American lines by $7.50 on first-class and $5 on second-class business. Very large reductions in rates have been made during the contest. The Canadian Pacific reduced the first-class fare, from Boston to Seattle, first from $71.75 to S4O. and then on March 10 last to $36. This was after the commission had suspended the long-and-short-haul clause to enable the American lines to meet the rates made by the Canadian Pacific. This order was to expire on June 30. hut on June 22 the suspension was extended by the commission until Jan. 1. 1599. and about the time this was done the present inquiry was Instituted. -
May Become a Vanderbilt Property. The strength of the securities of the Wabash road is much of a surprise, and causes speculation. It is said to be largely due to the fact that the Vanderbilts have been large purchasers of the stocks and bonds of late. One day this week 16.000 chares of the Wabash preferred stock were sold to one party, and they were found to have been purchased in the interests of the Vanderbilts. The buying of the debenture bonds was especially a feature of the market. These Wabash bonds carry a vote, and their holders consequently are Influential In the company’s affairs. One well informed as to the Vanderbilts’ purposes says for a long time they have been wanting to secure a voice in the management of the Wabash, and their buyings this week were of a character to lend color to the recent statements that before long the Wabash will become a recognized Vanderbilt Interest. lowa Central Elects Officers. The stockholders of the lowa Central Railway Company held their annual meeting at Chicago yesterday. Robert J. Kimball, E. H. Perkins, jr., and Charles P. Quincy were elected directors for the teem of five years under the classified system. Horace J. Morse later declined a re-election as president and resigned as a director. George R. Morse was elected a director to fill the vacancy and Robert J. Kimball, of R. J. Kimball. & Cos., of New York, was elected president. George R. Morse was elected vice president and treasurer and Beaman Jones secretary. Preliminary figures of the ninth annual report of the company were submitted to the meeting. Net earnings were seos,4t>9, an increase of 2S per cent.; surplus, $105,477, an increase of 29.72 per cent. Pcr*onal, bocal and General Note*. George A. Biair, representing the freight department of the Chicago, Milwaukee & Kt. Paul, is in the city. The shopmen on the several divisions of the Southern Railway have asked for an Increase of 10 per cent. In wages. John Browning, passenger .conductor on the Monon. left yesterday for the north, to remain until relieved of hay fever. George H. Thompson has been appointed traveling passenger agent of the Pittsburg & Lake Erie, vice B. C. Vaughn, resigned. Mr. Beasley, night clerk in the office of the Big Four car service, has succeeded Joseph Lawler In the mileage department. Will R. Stalley, mileage clerk in the office of the Big Four car service, who has been ill the past two weeks, has returned to his duties. Charles Brownlee, passenger conductor on the Wabash, on Tuesday celebrated the thirty-fifth anniversary of his services on that road. W. P. Taylor was on Sept. 1 appointed feneral traffic manager of the Richmond. 'redericksburg & Potomac, vice C. A. Taylor, deceased. The railroads are contributing their share to make the state fair a success, offering low rates and running special trains on the big days of the fair. in the month of Augur.t there were handled on the Bir Four system 613.317 passengers. against 583,149 in August. 1897, tn increase this year of 30.168. At the New York agency of the Banta Pe llces on Sept. 1, there wax a division of the
passenger and freight departments. James P. Bartel has been appointed general agent of the freight department, and Edward F. Burnett general agent of the passenger department. Frank Endworth, general soliciting freight agent of the Cincinnati, Hamilton & Dayton, accompanied by his wife, has gone West on a two weeks’ vacation. Trainmaster May, of the Panhandle lines, on Thursday examined a class of twenty young men who propose to enter the service of that company, commencing as brakemen. In the month of August there were shipped over the Monon from the Bedford stone quarries 2,199 carloads of stone, mostly to Eastern States, against 1,052 in August, 1897. Frank Thomson, president of the Pennsylvania lines, and others interested in the property are making preparations to make a careful inspection of the lines west of Pittsburg next month. W. E. Fox, of Fort Wayne, of the Pennsylvania Company’s police force, was in the city yesterday and was notified that he had been promoted to lieutenant in recognition of efficient service. The traveling freight agents in the Central Traffic Association territory will on the evening of Sept. 15 have a banquet at the Farm, Toledo, 0., to be followed next day by a boat ride on the lake. Thre is no longer any question as to the Chicago Great Western moving to gain entrance Into Omaha. Another large tract of land has been purchased near Omaha by a party known to represent the road. C. E Schaff, general manager of the Big Four lines, was in the city yesterday for a conference with General Superintendent Van Winkle as to the immense passenger business in prospect the next few days. J. C. Davie, private secretary of President Ingalls, of the Big Four, and Chalmers Brown, president of the Railway Officials’ and Employes’ Association, have returned from a three weeks’ stay at Georgian bay. The Big Four and the Vandalia will tomorrow run excursion trains to this city from Terre Haute and points on their lines at $1 the round trip, and a number of excursions will be run from the northern part of the State. Passenger traffic over the Pennsylvania and the Chesapeake & Ohio between New York and Hot Springs. Va., has become so heavy that the sleeping car lines now run a car daily between these points, instead of twice a week. General Passenger Agent Charlton, of the Chicago & Alton, has notified the competing lines that, dating from Sept. 1, when the new rates became effective, he would nor redeem any tickets found In the hands of ticket brokers. George Ward has been appointed car service superintendent anu head of the industrial department of the Chicago, Burlington & Quincy, vice George Ross, who, on Sept. 1, became get eral manager of the Illinois, Indiana & lowa. W. G. Esgar, chief clerk to Superintendent Niles, of the Lake Shore, has resigned to accept a position with R. A. McCormick, general superintendent of the Brooklyn Heights road. L. J. Hedges succeeds him on the Lake Shore The Texas & Pacific quartet, composed of four colored employes of the company, has become famous for the music they render and have been secured to sing at Omaha the remainder of the exposition. They were secured at the suggestion of the passenger department of the Chicago & Rock Island. The large new freight engines of the Monon are hauling thirty-two to thirtythree loaded cars over any part of the line. Twenty-one to twenty-three were all the heaviest freight engines the company owned would haul before these were received, and they are doing such good service that more will be ordered. The official report of Charles Stilz, general ticket agent at the Union Station, show the receipts from sales of tickets last month to have been $3,560.40 in excess of those of August, 1897. This is the more remarkable as in August last year the sales of, the old mileage hooks were heavy beyond all precedent in any one month. The oldest officials of the Pennsylvania line state that they have never known the time when traffic between the East and West over the Panhandle lines was as heavy as at pr?sent, and indications are that such will be the case for some months. Yesterday the road (Indianapolis division) was 1,500 cars short of filling orders for cars. The Pennsylvania Company has just built at its shops in Columbus a complete inspection train, consisting of a day coach and observation car, fitted with every convenience, and one of the company's engines has been rebuilt specially to haul this train, which made its first trip over the line between Columbus and Pittsburg on Wednesday. The property of the Wisconsin Central lines In Milwaukee, worth $1,250,000, will be sold. The Consolidated Company, with Gen. G. D. Vandyke, who is interested in the Wisconsin, at its head, has been, formed for disposing of this property. The land was purchased for extending the Wisconsin Central into Milwaukee, but it was impossible to carry out the project. In the month of August there were handled at the local freight depots of the Pennsylvania lines 44.195,595 pounds of freight, representing 4,054 cars. In August, 1897, there were handled at the local freight depots 42,317.206 pounds of freight. The manner business has improved of late will force the Pennsylvania Company to erect anew city freight depot to handle its business.
The Southwestern Passenger Association enforces its agreements between the respective lines. The Santa Fe was compelled last week to pay a fine of SIO,OOO in several cases for violating the rules of the association, and now the Texas & Pacific demands that H. J. Hatch and Alfred Wagner, city passenger agents of another road, be dismissed for cutting the rate on tickets to St. Louis. On Sept. 15 both will be dismissed from the service of the company they represent. The directors of the Northern Pacific Railroad took no action yesterday at New York regarding a dividend on the common stock, but tho president said that if business prospects continue as at present it would be proper for the board In the course of a few months to consider the question of a dividend on the common stock from the oarnings of the current year. The report for the year ending June 30 shows net earnings of 512.554.347; reserved for continuity of dividends on the preferred, $3,000,000; surplus for reward, $387,703. The city authorities of Urbana. 0., are giving the Panhandle considerable trouble over running faster than six miles an hour through that town. On Wednesday the entire crew of Train 20 were arrested and the train delayed forty-seven minutes. In order that there might be no further delay, the men pleaded guilty and paid their fines. The arrests, it is claimed, were the result of spite work, but it may become serious for Urbana, as it is probable that an order will be issued for only accommodation trains to stop at that point, as was done a few years ago when the city authorities made trouble. SALES OF REAL ESTATE. Eighteen Transfer*, with a Total Consideration of $32,675. Instruments filed for record in the recorder's office of Marion county, Indiana, for the twentyfour hours ending at 5 p. m. Sept. 2, 1898, aa furnished by Theo. Stein, abstracter of titles, corner of Market and Pennsylvania, streets, Indianapolis, Suite 229, first office floor. The Lemcke. Telephone 1760: Silas Hollingsworth -to Horace McKay, Lot 66. Olleman et al.’s Belmont addition S9OO Curtis B. Raymond to Horace McKay and wife. Lot 18, Benner's subdivision 2,000 Ella Aldrich to Horace McKay. Lot 24, Square 3, Lincoln Park 1,000 John Gerkins to Horace McKay et al., Lot 22. Benner’s addition 2,000 Alvin C. Bridges to same. Lot 21, same addition 2,000 Frank B. Stewart to James E. Berry and wife. Lot 10, Thrasher’s subdivision of I. Fletcher's fourth addition 1,500 John Marbough to George Paulison, Lot 278, Morton Place 6,000 Della Hayes to William F. W'jcher, Lot 9, Vajen's South Brookslde addition 300 Same to same. Lot 26, Wright’s Dennison Park addition 4,000 Louise Hattondorf to Christian Hattondorf, Lot 329, Fletcher et al.’s subdivision of Outlot 96. etc 8,000 Equitable Saving and Loan Association to Emma A. Toole, Lot 10, Barrow Place.... 800 Laura A. Gillespie to Theodore F. Harrison, Lot 80. McCarty’s first West Side addition. 2,500 Alfred M. Ogle et al. to William V. Howard, Lot 306, Ogle’s East Park addition... 600 Hubert Sickmyer to Charles F. Roesener, part of southeast quarter of Section 6, Township 15, Range 3 875 Thomas F. Brewer to Sadie E. Thomas. Lot 146. McCord & Wheatley’s southeast v addition 800 Sadie E. Thomas to Joseph H. Clark, same lot 800 Ceiinda M. Tucker to Arthur A. Craft, Lot 11. Hyde Park 4.100 John F. Craig to Henry Nelson, Lot 9, North et al.’s subdivision of Block 10, Holmes’s West End addition 1.000 Transfer*. 18; consideration $32,675 Building; Permits. Maloy & Egan, frame addition, 329 Lynn street, $l6O. George Beckerich, frame house and barn, Cornell avenue and Twenty-second street, $2,000. Charles BchefTerdeker, frame house, New York and Davidson streets, $926. Wiiheimlna AUsch, addition, 1620 Barth avenue, S4OO. C- M. C. Willis, brick barn. 617 North California street. S6OO. E. F. Miller, brick storeroom, 1104 Udell street, 1600.
THE INDIANAPOLIS JOURNAL, SATURDAY, SEPTEMBER 3, 1898,
BRIEF ACTIVE DEMAND * STOCK MARKET WILL KAYE A HOLIDAY UNTIL NEXT TUESDAY. Higher Money Rates Have Resulted In Lower Quotations for BondsLocal Markets Depressed. - ♦ * At New York yesterday money on call wss firm at 2V4@3 per cent.; last loan, 3 per cent. Mercantile paper, 3*4@4Vi per cent. Sterling exchange was steady, with actual business in bankers’ bills at [email protected] for demand and at $4. 82% and $4.85 for sixty days; posted rates, s4.<[email protected] and $4.86; commercial bills, $4.82.
Silver certificates, 59 ! J4@60V4c; bar silver, 60V4c; Mexican dollars, 46%c. At London bar sliver closed quiet at 27%d an ounce. Total sales of stocks, 315,200 shares, Including 6,645 Atchison preferred, 3,420 Baltimore & Ohio, 11,234 Chicago, Burlington & Quincy. 4.718 Illinois Central, 3,465 Louisville & Nashville, 39,510 Manhattan, 3,302 Metropolitan, 3 095 Missouri Pacific, 30,475 Northern Pacific, 24.084 Northern Pacific preferred, 3,949 Rock Island, 4.610 Union Pacific, 10,616 St. Paul, 3,031 Southern Pacific, 12,102 Union Pacific preferred, 3,590 Wabash preferred, 3,205 Minnesota Iron, 3,570 Cotton Oil, 24,815 Tobacco, 7,252 Chicago Great Western, 6,065 People's Gas, 11,895 Genera! Electric, 4,405 Pacific Mall, 15,030 Sugar and 3,050 Tennessee Coal and Iron. There was a brief period of activity on the New York Stock Exchange yesterday morning and a brisk demand manifested for a few stocks, out the dealings became more and more perfunctory as the day proceeded. The market was under the combined influence of the exhausting heat, the tightening money market and the approach of tie Labor-day holiday. It had fallen into complete lethargy by noon and the governing committee was induced to reconsider its refusal to close the exchange on Saturday and decided to close the market from 3 o'clock to-day till 19 o clock Tuesday morning. The announcement of this decision demonatrated that weakness of some stocks early in the day had been due to speculative short selling, showing the demand to cover shorts. Manhattan made an extreme improvement after a marked weakness of 2%, and Tobacco after a loss of \ points recovered %. The early aciivity centered in the Pacifies, the preferred stocks showing special strength on the decision of the Northern Pacific directors, announced later in the day, to put aside a reserve fund of $3,000,000 to insure the continuity of preferred dividends. The common stock fell off a point on selling by holders disappointed in expectation that the ourpius would be distributed as a dividend on the common stocks. The common stock rallied only feebly cn the president's statement that consideration of dividend on the common would be in order if business continued at its present level. General Electric continued to show s-.rength and closed at the best at a net gain oft%. Baltimore & Ohio Scored its advance. The market generally drifted to a lower level in the later dealings, due to taking of traders’ profits in anticipation of the three days’ interval of trading. The money market hardened further, call loans generally being marked up to 3 per cent, on the expectation that to-morrow’s bank statement would show a still further decline in cash holdings and surplus reserve. The higher money rate was not reflected in the exchange market, which was slightly firmer in tone. Bonds were very dull, but prices were more firmly held than for stocks. Total sales, $2,343,000. The reactionary tendency In the stock market during the week has apparently turned on the conditions In the money market, though the fact that the Urge combined interests have realized profits and sold their stocks to weaker holders also has a bearing. Rates on money have advanced and predictions are freely made of further advances. The continued diversion of cash Into the treasury on account of bond subscriptions Is what had curtailed the supply of idle money available for speculative purposes and prospects of continuance of this diversion and of growing needs from the interior to move crops have admonished speculators to contract ventures. There has been large liquidation, and following that, dullness. Sterling exchange has fallen and money rates in London have risen, but are still below the New York level. Still only a little over $1,000,000 In gold has come from London, although London has bought stocks freely in New York. Aside from the hardening of money and some renewed anxiety on account of the corn crop, conditions have continued favorable to higher values and a large number of stocks have responded to special causes and advanced, especially among the Industrials and a few of the railroads, the preferred Pacifies being conspicuous. The bond market has fallen into dullness during the week and the higher rates for money have been reflected in lower prices.. United States old fours, registered, and the fives are Vi lower, the former ex. interest; the r.ew fours are V 4 lower and the threes V 4 lower in the bid price. The following table, prepared by L. W. Louis, Room 11, Board of Trade, shows the range of
quotations: _ _ Open- High- Low- ClosName. ing. est. est. ing. Adams Express *2? American Express •••• •••• 130 American Spirits 13% 13% 13% 13% American Spirits pref • • ••• 39 American Sugar 145% 145% 143% 144 American Sugar pref •••• 115 American Tobacco 143% 144 140% 142 American Tobacco pref 128 Atchison 14% 14% 14% 14% Atchison pref 36 36% 35% 36% Baltimore & Ohio 28 Canada Pacific 88 Canada Southern 53% 63% 63% 63% Central Pacific 23% Chesapeake & Ohio 23% 24% 2374 24 Chicago & Alton 159 C., I. & L 8 C., I. & L. pref 30 C.. B. & Q 117% U 7% 117% 117% C. & E. 1 58% C. C-, C. & St. L 42 42 4174 42 Commercial Cable Cos 170 Consolidated Gas 187 Cotton Oil 37% Cotton Oil pref 88% Delaware & Hudson 106% D. L. & W 149 Denver & Rio Grande 14% Denver & Rio Grande pref .... 65% Erie 14 Erie first pref 37% Fort Wayne 172 General Electric 45 46% 45 46% Great Northern pref 137 Hocking Valley 5% Illinois Central 112% Kansas & Texas pref 35% 35% 35% 35% Lake Erie & Western 18 Lake Erie & Western pref 76 Lake Shore 192% Lead Trust 37% 37% 37% 37% Louisville & Nashville 58% 58% 57% 68 Manhattan 9774 98% 95% 97% Michigan Central 107 Missouri Pacific 36 36 35% 36 New Jersey Central 89% 90 89% 90 New York Central 118% US% 118% 11874 Northern Pacific 40% 40% 39% 39% Northern Pacific pref 79% 79% 79 79% Northwestern 134% 134% 134% 134% Northwestern pref 176 Pacific Mail 34% 35% 3474 34% People’s Gas 106% 107 106% 106% Pullman Palace 187% Reading 18% 18% 18% 1874 Rock Island 104% 105 10474 104% St. Paul 112% 112% 11274 112V* St. Paul pref 155% St. Paul & Omaha. 84 St. Paul & Omaha pref 156 Southern Pacific 22 Tennessee Ccal and 1r0n... 32 32 31 31% Texas Pacific 15 Union Pacific 33% 34% 33% 33% Union Pacific pref 67% 67% 66% 67% U. S. Express 42 XT. S. Leather 7% U. S. Leather pref 7274 72% 7274 72% U. S. Rubber 4474 U. S. Rubber pref 105% Wabash, St. L. & P *% Wabash. St. L. & P. pref 2274 Wells-Fargo Express 120 Western Union 94% 94% 94% 94-, Wheeling & Lake Erie 2% Wheeling & Lake Erie pref 14% U. S. Fours, reg 109% U. S. Fours, coup 111% U. S. Fours, new, reg 126% U. S. Fours, new, coup 126% WASHINGTON, Sept. 2.-Tb-day’s statement of the condition of the treasury shows; Available cash balance, $296,545,912; gold reserve, $219,320,372. Friday’s Bank Clearing;*. ' At Chicago—Clearings, $17,874,800; balances, $902,466. New York exchange. 50c discount. Sterling exchange: Posted. $4.84 and $4.86; actual, $1.8374 and $4.86; sixty days, $4.827®4.84 At New York—Clearings, $155,958,101; balances, $10,262,610. At Boston—Clearings, $16,427,330; balances, $1,469,584. At Phlladelphiar-Clearings, $15,672,885; balances, $2,297,362. At Baltimore —Clearings, $3,067,054; balances, $383,271. At Cincinnati—Clearings, $1,908,060. At St. Louis —Clearings, $4,377,800. a LOCAL GRAIN ANI> PRODLCB. Hot Weather Cheeking; Trade Somewhat—Price* Continue Steady. The extreme heat of a few days past has naturally mors or less affected trad* In several line*.
V , Dry goods houses, milliner*, boot and shoe merchants and hat and cap dealers are most affected. The lull, however, is thought to be only temporary, as there Is every indication of an active fall business. In prices yesterday there were but few changes. Sugar and all staple groceries are firm in tone. Poultry, eggs and butter are all firm at recent advances. On Commission row trade is not so satisfactory. The market for some days has been glutted with peaches, pears, plums, grapes and melons, all selling low and poor Mock. Apples and lemons are selling readily at good prices. , The local grain market shows a little more activity. Receipts are somewhat larger and all arrivals are readily taken at the following range of prices on track, as furnished by the secretary of the Board of Trade: Wheat—No. 2 red, 64Vic; No. 3 red, 59Vi@63V4c; August, 64Vic; wagon wheat, 64%c. Corn—No. 1 white. 30c; No. 3 white (one color), 30c; No. 4 white, 27c; No. 2 white mixed, 29c; No. 3 white mixed. 29Vic; No. 4 white mixed, 26Vic; No. 2 yellow, 29Vic; No. 3 yellow, 29V*c; No. 2 mixed, 29Vic: No. 3 mixed, 2SVac; No. 4 mixed, 26V2C; ear corn, 29Vic. Oats—No. 2 white, 22Vic; No. 3 white, 21 Vic; No. 2 mixed, 21c; No. 3 mixed, 20c. Hay—No. 1 timothy, [email protected]; No. 2 timothy, $6®6.50. Inspections—Wheat; No. 2 red, 3 cars; No. 3,7; No. 4,1; rejected, 2; no grade, 4; total, 17 cars. Corn: No. 3 white, 7 cars; No. 3 mixed, 2; total, 9 cars. Poultry and Other Produce. (Prices paid by shippers.) Poultry—Hens, 6@7c; spring chickens. 7@Bc; cocks, 3c; hen turkeys, 7c; toms, 6c; ducks, old. 4c; young, 4c; geese, 40c for full feathered, 30c for plucked. Cheese—New York full cream, lo@Uc; skims, 6@Bc; domestic Swiss, 12V4c; brick, 12c; limburger, 10c. Butter—BV4@9V2c; Elgin creamery, 21c. Eggs—Candled, 12c per doz. Feathers—Prime geese, 30c per lb; prime duck, 10@17c per lb. Beeswax —3C-c for yellow, 25c for dark. Wool—Medium, unwashed, 17@18c; tub-washed, 20@25c; burry and unmerchantable, oc less. Honey—lo®l3c per lb. HiDES, TALLOW, ETC. Green-salted Hides—No. 1,914 c; No. 2, BV4c; No. 1 calf, 10c; No. 2 calf, BVfec. Grease—White, 3c; yellow, 2V*c; brown, 2V4c. Tallow—No. 1,3 c; No. 2, 2 l Ac. Bones—Dry, $12®13 per ton. THE JOBBING TRADE. (The quotations given below are the selling prices of the wholesale dealers.) Candles and Kuti. Candles—Stick, 6V4@6%c per lb; common mixed, 6Vi@7c; G. A. R. mixed, 6*4c; Banner twist stick, 8c; cream mixed, 9c; old-time mixed, 7c. Nuts—Soft-shelled almonds, ll®l3c; English walnuts, 9@l2c; Brazil nuts, 10c; filberts, lie; peanuts, roasted, 7@Sc; mixed nuts, 10c. tanned Goods. Corn, [email protected]. Peaches—Standard 3-lb, $1.50® 1.75; seconds, $2.10®2.35; 3-lb pie, 85@9Uc; California, standard, $1.754*2: California seconds, $1.90 ®2.10. Miscellaneous—Blackberries, 2-lb, 65@70c; raspberries, 2-lb, 90®90c, pineapple, standard, 2-lb, $1.1G®1.20; choice, [email protected]; cove oysters, 1-lb, full weight, 85®95c; light, 60<@>65c; string beans, 70@90c; Lima beans, [email protected]; peas, marrowfats, 85c®$1.10; early June, 90o@$t.l0;/ lobsters, $1.85@2: red cherries, 90c@$l; strawberries, 9U®> 95c; salmon, 1-lb, [email protected]; 3-lb tomatoes, 90@95c. Drugs. Alcohol, $2.44®2.60: asafetida, 25® 30c: alum, 2V4 ®>4c; camphor, 49® 44c; cochineal, 50@55e; chloroform, sS®osc; copjieras, brls, *B®Bsc; cream tartar, pure, 30®33c; indigo, 65®80c; licorice, Calab., genuine. 30®40c; magnesia, carb., 2-oz, jo@3oc; morphine, P & W., per oz, [email protected]; madder, 14 @l6c; oil, caetor. per gal. $1.12®1.15; oil, bergamot, per lb, $2.75; opium, $4®4.25; quinine, P. & W., per oz, 29©34c; balsam copaiba, 50®69c; soap, castile, Fr., 12@16c; soda, bicarb., 4Va@6c; salts, Epsom, 4@sc; sulphur, flour, s@6e; saltpeter, 8@ 14c; turpentine, 29@35c; giveerine, 15@17c; iodile potassium, $2.50®2.60; bromide potassium, 55@60c; chlorate potash, 20c; borax, 9®l2c; cinchonlda, 20 @250; carbolic acid, 30®32e. Oilsr—Linseed, 34®>36c per gal; coal oil. legal test, 7® 14c; bank, 40c; best straits, £oc; Labrador, 60c; West Virginia, lubricating, 20@30c; miners’. 40c; lard oils, winter strained, in brls, 40c per gal; half brls, 3c per gal extra. Dry Goods, Bleached Sheetings Androscoggin L, sc; Berkley. No. 60, 7c; Cabot, sVic; Capitol, 4Vac; Cumberland, sVi>c: Dwight Anchor, 6c; Fruit of the Loom. 6e; Farwell, sVic; Fitchville, oVbc; Full Width. 4c; Gilt Edge, 4‘se; Gilded Age, 4c; Hill, 6V*c; Hope, sV£c; I.lnwood. 6V4c; Lonsdale, 6c; Peabody, 4c; Pride of the West, lOVfcc; Ten Strike, sc; Peppered, 9-4, 15c; Peppered. 10-4, 16Vic; Androscoggin, 9-4, 15V£c; Androscoggin, 10-4, 17c. Brown Sheetings—Atlantic A, SVie; Argyle, 4Vfcc; Boott C, 4c; Buck's Head. sc: Clifton OCC, 4V6c; Constitution. 40-inch. 5%c; Carlisle, 40-ipeh, 6V2C; Dwight's Star. 6Ue; Great Fads E. sc; Great Fads J. 4%e; Hill Fine, sV*c; Indian Head, sVtc; Penperell R, 4V£c; Peppered, 10-4, 15c; Androscoggin, 9-4, 14c; Androscoggin, 10-4, lßVic. Prints —Allen dress styles, 4V4c; Allen's staples. 4c; Allen TR, 4c; Allen's robes, 4c; American Indigo, 4c; Arnold long cloth B, 7V4c; Arnold LLC, 6Vic; Cocheco fancy, 4c; Oocheco madders, 4c; Hamilton fancy. 414 c; Merrlmae pinks and purples, 4?4c; Pacific fancy, 4V4c: Simpson’s mourning, SVsc; Simpson's Berlin solids, sc; Simpson’s oil finish, 6c; American shirting, 3Vic; black white, 3V4c; grays, 3Vic. Ginghams—Amoskeag staples, 4%c; Amoskeag Persian dress. 6c; Bates Warwick dress, SVfcc; Lancaster, 4%c; Lancaster Normandies, 6c; Renfrew dress styles, 6c. Kid-finished Cambrics—Edwards, 3c; Warren, 2%e; Slater, 3c; Genesee, 3c. Grain Bags—Amoskeag. $13.50; American, $13.60; Harmony, $13.50; Stark, sl6. Tickings—Amoskeag ACA, 9Vfec; Conestoga BF, llVfcc; Cordis, 140, 9Vic; Cordis FT, 9Vjc; Cordis ACE, 10c; Hamilton awnings, 8c; Kimono fancy. 17c; Lenox Fancy, 18c; Mr.thuen AA. 10c; Oakland AF, SV2C; Portsmouth, ,10V4c; Susquehanna. llV*c; Shetuoket SW, 6V£c; Snetucket F, 7c; Swift River, 4Mc. Flour.
Straight grades, $4.5004.75; fancy grades. $6.75® 6.25; patent flour, $6®6.50; low grades, $2.7603.75; spring wheat patents, [email protected]. Groceries. Sugars—City Prices—Dominoes, 6.13 c; cut-loaf, 6.13 c; crushed, 6.13 c; powdered, 5.94 c; XXXX powdered, 6o; standard granulated, 5.69 c; fine granulated, 5.69 c; extra fine granulated, 6.81 c; coarse granulated, 5.81 c; cubes, 5.94 c; mold A, 5.94 c; diamond A, 5.69 c; confectioners’ A, 6.66 c; 1 Columbia A—Keystone A, 6.38 c; 2 Windsor A— Americar A, 6.38 c; 3 Ridgewood A—Centennial A, 5.35 c; 4 Phoenix A—California A. 5.38 c; 5 Empire A—Franklin B, 5.31 c; 6 Ideal golden ex. C—Keystone B. 5.26 c; 7 Windsor ex. C—American B, 5.19 c; 8 Ridgewood ex. C—Centennial B, sc; 9 yellow ex. C—California B, 4.94 c; 10 yellow C Franklin ex. C, 4.94 c; 11 yellow—Keystone ex. C, 4.88 c; 12 yellow—American ex. C, 4.81 c; 13 yellow— Centennial ex. C, 4.75 c; 14 yellow—California ex. C, 4.69 c; 15 yellow, 4.63 c; 16 yellow, 4.56 c. Coffee—Good, 10@12c; prime, 12® 14c; strictly prime, 14@16c; fancy green and yellow, 18@22c; Java,' 28@32e. Roasted —Old government Java, 3275®33c; Golden Rio, 24c; Bourbon Santos, 24c; Gilded Santos, 24c; prime Santos, 23c. Package coffee —city prices—Ariosa, 10.15 c; Lion, 9.15 c; Jersey, 9.15 c; Caracas, 9.15 c; Dillwortb. 10.15 c: King Bee, 10.15 c; Cordova. 10.15 c: Mail Pouch, 9.65 c. Flour Sacks (paper)—Plain, 1-32 brl, per 1,000, $3.50; 1-16 brl, sc; % brl. IS; % brl, sl6: No. “> drab, plain. 1-32 brl. per 1,000, $4.25; 1-16 brl. $6.50; % brl, $10; % brl, S2O; No. 1 cream, plain. 1-32 brl, per 1,000. $7; 1-16 brl, $8.75; 74 brl. $14.50; % brl, $28.50. Extra charge for printing, [email protected]. Salt—ln car lots, 80®85c; small lots, 85@90e. Spices—Pepper, 12@18c; allspice, 15®>18e: cloves, 18@25c: cassia, 13@15c; nutmegs, 65®75c per lb. Beans—Choice hand-picked navy. [email protected] per bu; Limas, California, 47i@4 1 /*c per lb. Woodenware—No. 1 tubs, $5.75@6; No. 2 tubs. $4.75®5; No. 3 tubs. $3.75®4; 3-hoop pails. $1.40® 1.50; 2-hoop pails. [email protected]; double washboards. $2.25®2.75: common washboards, [email protected]; clothes pins. 60®60c per box. Molasses and Syrups—New Orleans molasses, fair to prime, 28@33c; choice, 35@40c; syrups, 18® 35c. Shot—[email protected] per bag for drop. Lead—6%®7c for pressed bars. Twine—Hemp, 12@18c per lb: wool. 8®10c: flax, 20®30c; paper, 25c; jute, 12®15c; cotton, 18®25e. Wood Dishes—No. 1. per 1,000, [email protected]; No. 2, [email protected]; No. 3. [email protected]; No. 5, [email protected]. Rice—Louisiana, 47 / 2@6%c; Carolina, 6%@8%C. Leather. Leather —Oak sole, 27@30c: hemlock sole, 24® 260; harness, 32@37e; skirting, 38®42c; single strap. 38@41c; city kip. 60@85c; French kip. 90c@ $1.20; city calfskin, 90c@$1.10; French calfskin, $1.20® 1.85. Nail* and llor*e*hoe*. Steel cut nails, $1.75; wire nails, from store, $1.90@2 rates; from mill, $1.75 rates. Horseshoes, per keg, $3.50; mule shoes, per keg, $4.50; horse nails, s4®s per box. Barb wire, galvanized, $2; painted, $1.75. Produce, Frnit* and Vegetable*. Apples—Common to good, $1.50®2.50. Feaches —Indiana and Kentucky, 60c®$l per bu; Michigan, [email protected]. Pears—Bartlett pears. 90c per bu. Red Plums—76c per bu; Damsons, $1.25 per bu. Wild Goose Plums —75c per bu. Grapes—lo@lsc per 8-lb basket. Oranges—California seedling, [email protected]. Lemons—Messina, choice, 300 to box, $5; fancy, $5.50. Banapas—Per bunch. No. 1, [email protected], Cocoanuts—4s@soc per doz. Pineapples—sl.7s per doz. >■ Cantaloupes—6oc per brl; crates, 25c. Gem Melons—2oc per basket. Watermelons—s®loc. Sweet Potatoes—Baltimore, new, $1 bu; brl, $2.75; Red Bermuda, 60@75c per bu; $2 per brl. Potatoes—New. $1.75 per brl. Tomatoes—Home grown. 25c per bu. Cabbage—New, 35@50c per brl. Onions—sl.so per brl. Celery—Michigan, 15®20c per bunch. Beans—Wax, 60®75c per bu. Lima Beans—so®6Oc per gal. Provision*. Hams—Sugar cured. 18 to 20 lbs average, 9®9%c; 15 lbs average, 9@9%c; 12 lbs average, 97i@10c. Bacon—Clear sides, 40 to 50 lbs average, 7%c; 30 to 40 lbs average, 7%c; 20 to 30 lbs average, 7%c; bellies. 25 lbs average, 774 c; 18 to 23 lbs average, 7%c; 14 to 16 lbs average, 7%c. Clear backs, 18 to 22 lbs average. 774 c; 14 to 18 lbs average. 7%c; 8 to 10 lbs average, 774 c. In dry 88.lt-, Shoulders—lß to 20 lbs average, 6%c; 15 lbs average, 674 c; 10 to 12 lbs average, 7%c. Lard—Kettle-rendered, 6%c; pure lard, 6%c. Pork—Bean, clear, sl4; rump, $10.50. Seed*. Clover—Choice, $2.7503; prime, $3.2503.50; English, choice. [email protected]; alsike, choice, $4.50®5; alfalfa, choice, $4.25®4.50: crimson or scarlet clover, $2.75® 3; timothy, 45 lbs. prime, [email protected]; light prime, $1.2001,25; choice. $1.2501.30; fancy Kentucky, 14 lbs, $1.15; extra clean. 60075 c; orchard grass, extra. $1.15®1.30; red top, choice. 80c® $1.40; English biuegrass, 24 lbs. $1.1501.75; German millet, si©l.2s; Western milht, 60085 c; common millet, 40®COc. ,
FALL IN CASH WHEAT ♦ HEAVY RECEIPTS AND BIG NEBRASKA CROP REPORTED. Heaviness In tbe Lender Dragged Down the Other Grain Market*— Provisions Scored Declines. ■ ♦ CHICAGO, Sept. 2.—Big Northwestern receipts to-day, together with predictions of a large yield in Nebraska, started prices lower in the wheat pit. September closed 1%@1%c down and December lost Tic. Corn declined %@%c. Oats were %c lower. Pork left off 1214 c down, lard 7%@10c and ribs "14c lower. In the figurative language of wheat speculators the heavy receipts at Minneapolis and Duluth gave bullish feeling a black eye to-day. It did not matter that Liverpool reported %and advance in the price of futures or that New York sent word of numerous acceptances of last night’s offers and that France was again bidding for wheat. The market found sellers in the majority at the opening and generally throughout the forenoon. September wheat had sunk into the restful condition usual with an active trading month that had outlived its best days and entered the thirty last days of its earthly career. Wheat chiefly owed its occasional weakness to some elevator man’s broker offering it for sale. Chicago receipts were only 176 cars and only two were of contract grade. The Northwest, however, received 946 cars, against 458 a year ago, and the aggregate at Western preliminary markets was over 200,000 bushels in excess of those on the cf rresponding day a year ago. Nebraska Grain Dealers’ Association Issued a circular making an estimate of from 45,000,000 to 55,000,000 bushels as the size of the wheat crop of that State. Nebraska considered last year’s crop a heavy one, but according to the government report the Nebraska wheat crop of last year was only 27,450,000 bushels. To-day’s estimate gave the market another black eye, so that both optics got damaged during the session. September opened unchanged at 64%@64%c, declined to 63c and closed at 63%c, buyers. December started unchanged to %c lower at 62%c, firmed up to 62%c, gradually declined to 61 Vic and closed at 61V4 @6l%c. Corn rather impressed its own character on the wheat market yesterday, but to-day conditions were reversed. Wheat being heavy, it weighed upon corn and helped to cause the heaviness shown by the latter. Some of the leading longs in corn appeared to see reasons independent from wheat’s dullness why corn was no longer the valuable commodity in their eyes it appeared to be yesterday. A good many dumped their holdings and of course there were several watchful bears around the pit ready to take advantage of the wavering ranks of their opponents. December opened unchanged at 31@31%c, held steady for a few minutes at 31%c, then began to drop and continued on the down grade to the close, by which time it was at 30%c bid. Oats dragged along after corn and wheat, going down the ladder step by step until near the close, when there was a drop of two or three rounds at once. There was a better cash demand and larger lots were being worked. May oats opened unchanged at 22%c, declined to 21%c and closed at 22c. Provisions yielded some with grain. The decreased stock of lard—ll,ooo tierces—was disappointingly small. The market suffered somewhat for lack of orders, the buyers taking very little interest in the market. December pork opened 2Vic down at SB.B7Vi. rose to $8.90, off to $8.75 and closed at $8.77%. October lard began 2V4c oft at $5.07%@5.10, up to ss.l2Vi, then weakened to $5.02V4, buyers, the closing price. October ribs started unchanged at $5.37Vi, improved to $5.37%@5.40 and declined to $5.30, buyers, at the close. Estimated receipts for to-morrow: Wheat, 275 cars: corn. 580 cars; oats, 44 cars; hogs, 12,000. Leading futures ranged as follow!: Open- High- Low- ClogArticles. ing. est. est. ing. Wheat—Sept 64% 64% 63 63% Dec 62% 62% 61% 61% May 64% 64% 63% 63% Com—Sept 30% 30% 30% 30% Dec 31% 31% 30% 30 Vi May 33% 33% 32% . 32% Oats—Sept 19% 20 19% 19% Dec 19% 19% 19% 19% May 22% 22% 21% 22 Pork—Sept $8.77% $8.77% $8.70 $8.70 Oct 8.80 8.82% 8.72% 8.72% Dec 8.57% 8.90 8.75 8.77% Lard—Sept 5.02% 5.05 5.00 6.00 Oct 5.07% 5.12% 5.02% 6.02% Dec 5.15 6.17% 6.07% 6.10 Ribs—Sept 6.35 6.40 6.32% 6.32% Oct 5.37% 5.40 6.30 6.30 Cash' quotations were as follows: Flour easy. No. 2 spring wheat, 63c; No. 3 spring wheat, 60® 62c; No. 2 red, 66c. No. 2 corn, 31%e; No. 2 yellow, 31%@31%c. No. 2 oats, 20%c; No. 2 white, 23%@24%c; No. 3 white. 22%@23%e. \'o. 2 rye, 43%c. No. 2 barley, 34@34%c. No. 1 flaxseed, 86c. Prime timothy seed, $2.52%. Mess pork, per bri, [email protected]. Lard, per 100 lbs, $5.02%@5.05. Shortrib sides (loose), [email protected]; dry-salted shoulders (boxed), [email protected]; short-clear sides (boxed), $5.70 65.80. Receipts—Flour, 6,000 brls; wheat, 171,000 bu; corn, 510.100 bu; oats, 609,400 bu; rye, 24,200 bu; barley, 47,600 bu. Shipments—Flour, 6.400 brls; wheat, 92,800 bu; corn, 349,100 bu; oats, 348,000 bu; rye, 42,400 bu; barley, 3,800 bu. 1 AT NEW YORK. Rnling Price* In Produce at the Seaboard’* Commercial Metropolis. NEW YORK, Sept. 2.—Flour—Receipts, 16,707 brls; exports, 14,301 brls. Market dull and weak, but not quotably lower. Corn meal easy; yellow Western, 72c. Barley malt quiet; Western, 55 ®6lc. Wheat—Receipts, 32,375 bu; exports, 115,074 bu. Spot weak; No. 2 red, 70%e, f. o. b. afloat, to arrive. Options opened steady on light offerings, but were poorly sustained. The big Northwestern receipts, declining cash premiums and holiday liquidations eventually demoralized the market and closing prices showed %@l%c net decline, the latter on September. Sales included: No. 2 red, May, 67%@68%c, closed at 67%c; September, 67% @6B%c, closed at 67%c. Corn—Receipts, 234.475 bu; exports, 137,537 bu. Spot weak; No. 2, 36%c, f. o. b. afloat. Options followed up an easy opening, with positive weakness as a result of liquidation and the break in wheat; closed %@%c net lower; September closed at 34%c; November, 35%c. Oats—Ueqpipts, 106,800 bu; exports, 10.670 bu. Spot quiet; No. 2, 26%c; No. 2 white, 29%c. Options dull and weaker, closing %c lower; September closed at 24%c. Cotton-seed oil dull; prime yellow, 23@23%c. Coffee —Options opened steady at unchanged prices to a gain of 5 points; ruled inactive, but about steady; little inclination to business owing to the Coffee Exchange holiday to-morrow: selling checked by liberal warehouse deliveries and disappointing receipts at Rio and Santos; closed quiet and unchanged to 5 points lower. Sales, 5,250 bags, including: October, 5.60 c; June, 5.65 c. Spot coffee —Rio quiet: No. 7, invoice 6%c, jobbing 6%c. Mild less active; Cordova, 8® 15c. Sales small business on private terms. Sugar—Raw stronger and very active; fair refining, 3%c; centrifugal, 96 test, 4%c; molasses, 39-16 c. Avery large business was done on the basis of the above business. Supplies are now well cleaned up. Refined market strong and active. * LIVE STOCK. Cattle a Shade Lower—Hogs a Trifle Higrher—Sheep Steady. INDIANAPOLIS, Sept. 2.—Cattle —Receipts, 800; shipments, 200. There was a fair supply of all grades. The market was dull at lower prices. Below top grades nothing here was good enough to bring over $5.25. About all sold at the close. Exports, good to choice $5.10® 5.40 Killers, medium to good 4.65® 5.06 Killers, common to fair 4.25® 4.50 Feeders, good to choice 4.20® 4.50 Stockers, common to good 3.25® 4.25 Heifers, good to Choice 4.20® 4.50 Heifers, fair to medium 3.60® 4.00 Heifers, common and light 3.00® 4.40 Cows, good to medium 3.75® 4.25 Cows, fair to medium 3.20® 3.60 Cow’s, common and old 2.00® 3.00 Veals, good to choice 5.00® 6.50 Veals, common to medium 3.00® 4.50 Bulls, good to choice 3.40® 3.75 Bulls, common to medium 2,50® 3.20 Milkers, good to choice [email protected] Milkers, common to medium [email protected] Hogs—Receipts, 3,500; shipments, 1,500. The quality was fair. The market opened active at a shade advance over yesterday's close and prices ruled firm to the close, with all sold. Light [email protected]% Mixed 3.90®3.95 Heavy [email protected]% Pigs [email protected] Roughs [email protected] • Sheep and Lambs—Receipts, 300; shipments light. There was a fair demand for all decent grades at unchanged prices. Sheep and yearlings, good to ch0ice....54.00®4.25 Sheep and yearlings, fair to medium [email protected] Stockers, common to good 2.V>@3.75 Bucks, per head 3.00®6.00 Spring lambs, good to choice [email protected] Spring lambs, common to medium [email protected] Elsewhere. CHICAGO, Sept. 2.- There was a slight gain tn values for best fat cattle to-day, but the lower
SMOKE MELROSE CIGAR. Price sc. Ask your dealer for oae. JOHN RAUCH, Manufacturer, - - - Indianapolis.
and medium grades sold slowly and unsatisfactorily; choice steers, [email protected]: meuium, ...65 @4.85; beef steers. $4-54.60; stockers and feeders. $3.16(54.65; bulls, [email protected]; cows and heifers *3.ao @4.25; calves. [email protected]; Western rangers, [email protected]; Texans, $3.50@5. . _ . There was a strong packing and shipping aemand for hogs. Sales ranged at from 5c to 10c advance; fair to choice, S3.SO@4; packing lots, [email protected]%; butchers, $3.8003.97%: mixed, *3.<o® 3.55; light. [email protected]%; pigs, [email protected]. The demand for sheep was not at ail urgent and it required a great deal of peddling to find an outlet at prices recently paid; Western muttons, $4.20, bulk at [email protected]; poor to fancy lambs, $3.<5 Receipts—Cattle, 4,000; hogs, 17,000; sheep. 7,000. ST. LOU-S, Sept. 2.—Cattle—Receipts 1.100, including 575 Texans; shipments, 2,600. Market steady; fair to fancy native shipping steers, bulk of sales, [email protected]; dressed beef and butcher steers. [email protected]. bulk at [email protected]: steers under 1,000 IDs, $3.50M.60, bulk at [email protected]: stockers and feeders, [email protected], bulk at $3@4.; cows and heifers. s2@s, bulk of cows, [email protected]„; Texas and Indian steers, [email protected], bulk at [email protected]; cows and heifers, $2.2503.90. _,, , „ Hogs—Receipts, 3,600; shipments, 2,500. Market 5c higher; Yorkers. [email protected]; packers, $3,[email protected]; butchers, [email protected]. Sheep—Receipts, SCO; shipments, 1,000. Market steady; native muttons, $3.50@4; lambs, $4.25@5; stockers, $3.70. KANSAS CITY, Sept. 2.—Cattle—Receipts, 3,010 natives and 470 Texans. Supply mostly range cattle. Improved demand served to strengthen prices: choice heavy steers, [email protected]; medium, [email protected]: light weights, [email protected]; stockers and feeders, [email protected]; butcher cows and heifers, $2.85 @4.75; butcher bulls, [email protected]; Western steers. [email protected]: Texas butcher steers, [email protected]; Texas butcher cows, [email protected]; canncr3, [email protected]. Hogs—Receipts, 6,685. Heavies, [email protected]; mixed. [email protected]; lights, [email protected]. Sheep—Receipts, 4,200. Demand for killing and feeding sheep continues good. Supply soon taken at steady prices; iambs. [email protected]; muttons. s4® 4.55; range muttons, [email protected]; range feeding lambs, [email protected]; range feeding sheep, [email protected]. NEW YORK, Sept. 2.— Beeves—Receipts, 2,242. Market slow; steers and bulls steady; cows lower; native steers, [email protected]; oxen and stags, [email protected]; bulls, [email protected]; cows, [email protected]. Cables slow; live cattle, 10%@ll%c; tops, ll%c; refrigerator beef, S@S%c. Exports to-day none. Calves—-Re-ceipts, 235. Market steady; veals, $5@S; choice, $8.25; bobs, [email protected]; grassers and buttermilks, $3,[email protected]; Southern grassers, $3. Hogs—Receipts, 1,250. Market lower at $4.20® 4.30. Sheep and Lambs—Receipts, 4,318. Sheep slow, good lambs steady and others dull; sheep, s3® 4.65; culls, $2.50; lambs, [email protected]. CINCINNATI, Sept. 2.—Cattle steady at $2.75 @4.85. Hogs firm at $3.10@)3.95. Sheep quiet at $2.25@4; lambs easy at [email protected]. ■ - ■ ■■ a TRADE IN GENERAL. Quotation* at St. Louis, Baltimore, Cincinnati and Other Place*. BALTIMORE, Sept. 2.—Flour dull and unchanged; receipts, 11,490 brls; exports none. Wheat dull and easy; spot. 68%@€8%c; month, 67%c; steamer No. 2 red, 64@64%e; receipts, 64,658 bu: exports none; Southern wheat by sample, 60 @69%c; Southern wheat on grade, 64@69c. Corn easy; spot and month. 34%@34%c; October, 34%@ 34%c; receipts, 148,060 bu; exports none; Southern white corn, 35®35%c; Southern yellow, 35%@36e. Oats dull and easy; No. 2 white Western, 26% @27c; No. 2 mixed, 24@25c; receipts, 25.313 bu; exports none. Sugar strong and unchanged. Butter steady and unchanged. Eggs firm at 15@15%c. Cheege unchanged. ST. LOUIS, Sept. 2.—Flour steady and unchanged, Wheat closed unsettled, at the bottom for the day and %@lc below yesterday. Spot nominal; No. 2 red, cash, elevator, 69%c; track, 70@71c; September, 65%c; December, 63@63%c; May. 65%c bid; No. 2 hard. cash. 62%@3%e. Com —Futures closed dull and easy at %@%c below yesterday. Spot nominal; No. 2, cash, 29%c; September, 29e; December, 29%c asked; May, 31c. Oats irregular, futures closing fractions either ■way from yesterday. Spot dull and bid lower; No. 2. cash, 20%c bid; track, 22@22%c; September, £o%i@2o%c; December. 21c bid; May, 22%c asked; No. 2 white, 24%@25c. Rye lower at 43%c.l Flaxseed lower at 86%c. Prime timothy seed' strong at $2.25 bid. Corn meal quiet at [email protected]. Bran steady; sacked, east traok, 44c. Hay dull and easy; timothy, SS.SO@S; prairie, [email protected]. Butter steady; creamery, 16@19%c: dairy, 13@17c. Eggs steady at 11c, loss off. Whisky steady. Pork steady; standard mess, jobbing, $8.75. Lard dull, but steady; prime steam, $4.90; choice, $4.95. Dry-salt meats—Boxed shoulders, *5; extra shortclear and ribs, $5.62%; shorts, $5.87%. BaconBoxed shoulders, [email protected]%. Receipts—Flour, 9,000 brls; wheat, 69.000 bu; corn. 75,000 bu; oats, 25,000 bu. Shipments—Flour, 7,000 brls; wheat, 8,000 bu; com, 62,000 bu; oats, 7,000 bu. CINCINNATI, Sept. 2.—Flour quiet. Wheat steady; No. 2 red, 66c. Com steady; No. 2 mixed, 30%c. Oats firm; No. 2 mixed, 22e. Rye steady; No. 2,45 c. Lard quiet at $4.90. Bulk meats easy at $6.60. Bacon firm at $6.60. Whisky active at $1.25. Butter quiet. Sugar firm. Eggs steady at 12c. Cheese steady. MINNEAPOLIS, Sept. 2.—Wheat weak; September, 58%c; December, 57%@57%c; May, 60%® 60%c; No. 1 hard, 60%c; No. 1 Northern, 59%c; No. 2 Northern, ST%c. Flour in moderate demand; first patents, $3.90@4; second patents, $3.70 @3.90; first clears, $2.90®3. Bran, in bulk, $7.50 @7.75. TOLEDO, Sept. 2.—Wheat lower and weak; No. 2, cash, 66c asked; September, 65%c. Corn dull and easy; No. 2 mixed, 31%c. Oats dull and weak; No. 2 mixed, 20c. Rye dull, but steady; No. 2, cash, 43%c. Clover seed quiet and steady; prims, cash, $3.20; October and December, $3.67%. Wool. BOSTON, Sept. 2.—The Commercial Bulletin will say to-morrow of the wool market: The demand for wool has been limited. Manufacturers are not buying to any extent for Immediate use and where any demand is developed less than the market value of the wool is offered. The sales of the week are: 1,405,000 lbs domestic and 642.000 foreign, a total of 2,047,000 lbs, against 2.378.C00 last week and 9,583,000 for the same week last year. The sales to date show a decrease of 80,526,380 lbs domestic and 106,415,300 foreign from the sales to the same date in 1897. The receipts to date show a decrease of 1,004,637 bales domestic and 322,615 foreign. Metals. NEW YORK, Sept. 2.—With the exception of spelter, which showed a weak undertone, all departments of the metal market were decidedly firmer, with business generally more active. The outlook is very graitfying to the local trade and the resumption of business next Tuesday is expected to bring forth some startling developments. At the close to-day the Metal Exchange called pig iron warrants firm at $7 bid and $7.20 asked. Lake copper firmer at 12.25 c bid and 12.37%c asked. Tin firmer at 16.05 c bid and 16.15 c asked. Spelter easier at 4.70 c bid and 4.75 c asked. Lead firmer at 4.05 c bid and 4.10 c asked. The firm that fixes the settling price for miners and smelters at the West quotes lead at 3.90 c. ST. LOUIS, Sept. 2.—Lead firm. Spelter firm at 4.75 c. natter, Eggs and Cheese. NEW YORK, Sept. I.—Butter—Receipts, 3.369 packages. Market steady; Western creamery, 14% @>lßc; Elgins, 18%c; factory, H%@l4c. Eggs-Re-celpts, 4,728 packages. Market weak: Western, 15%c. Cheese weak; large white, 7%c; small white, 7%@Bc; large colored, 7%@7%c; small colored, 7%@Bc. KANSAS CITY, Sept. 1. —Butter firm; separator, 15%@17%c; dairy, 15c. Eggs firm; fresh candled Missouri and Kansas stock, Il%c, cases returned; seconds, Bc. CHICAGO, Sept. 2.—On the Produce Exchange to-day the butter market was steady: creamery, 13® 18c; dairy, 12@15c. Eggs, fresh, i2%c. Dry Good*. NEW YORK, Sept. 2. —The dry goods market is on about the same basis as it has been during the week. Buyers are plentiful in the city, having availed themselves In large numbers of the Merchants’ Association excursion rates. But they have not been heavy operators in the market and sellers expect little improvement in store trading until the present hot spell has parsed. Mail orders have been fairly well sustained during the week and those have brought the dally averages up to a reasonable figure in most quarters. Woolen and worsted goods in all quarters have been dull. In cotton goods better results have been obtained. Fine print cloths are selling quite freely in small lots. on*. WILMINGTON, Sept. 2.—Spirits of turpentine firm at 27%@27%c. Rosin firm at [email protected]. Crude turpentine firm at [email protected]. Tar very firm at $1.25. OIL CITY, Sept. 2.—Credit balances, $1; certificates opened and closed at 99%c bid for cashno sales; shipments, 102,784 brls; runs, 71,982 brls! NEW YORK, Sept. 2.—Petroleum steady. Rosin steady; strained, common to good, 1.30. . S £ V-A n NAH ’ Sept ’ 2 ~ l Spirits of turpentine firm at Joe. Resin firm and unchanged. Dried Fra It*. NEW YORK, Sept. 2.—California dried fruits steady; evaporated apples, common. 6@Bc; prime wdre tray, 9c; choice. 9%e; fancy, 9%@10c. Prunes. 4@Bc. Apricots—Royal. 11@13c; Moor Park, 13® 16c. Peaches—Unpeeled, 7@9c; peeled, 12® 16c. Cotton Crop of 11,100,004 Bale*. NEW ORLEANB. Sept. 2—Secretary Hester's New Orleans Cotton Exchange annual statement was Issued in full to-day. He put* the cotton crop of 1897-98 at 11 - 169,994 bale*, an Increase of 2.242.€30 bales over 1886-97. Mr. Hester puts the average commercial value Os the crop at $26.62 per bale, against 136.76 -t year and $41.09 the year before and the total value of the crop at $320,553,000, against $321,925,000 last year and year before last. The net gain In the number of Southern mills over last yf, a r bas bwn nine, making the total now 491. The South has added more spindles and its increased number of bales consumed is
greater than has yet been recorded in any one year. Nearly every mill In the South has shared In the Increased consumption cf cotton. The takings North and .South during the past year are the heaviest on record, amounting in round numbers to 2,444,tW0 bales. A NEW AUGUST RECORD * LESS FAILURES AND MORE BUSINESS THAN EVER RECORDED. • ■ l One of the Most Inactive Month* EqaalK Any tn the Year—Dun A Co.'* and Bradatreet’s Trade Review*. NEW YORK. Sept. I.—R. G. Dun A CO.’* weekly review of trade will say to-morrow: Ths smallest failures ever recorded in any month for five years were those of August. No other month since the monthly reports were commenced by Dun’s Review has shown defaulted liabilities a* small within $1,000,000 and the ratio of such defaults to solvent business, represented by exchanges through all clearing houses, only $108.70 in SIOO,OOO, is smaller by 26.5 per cent, than in any previous month. The clearings have been tha largest ever known in August and 23 per cent, larger than in 1892. The enormous volume of business in a month usually one of the most inactive of the year demands attention. Postponement during the months of war of some contracts and purchases which have now come forward explains part of the increase, and the strong absorption of securities explains part, but thero has also been a great decline in the average of prices for all commodities, so that it takes a much larger volume of business in tons or bushels to make up transactions amounting to a million more than in 1892. It is therefore strictly true that business is larger than in the very best of all past years, and yet there is every prospect of much further increase. There is no room to doubt that the wheat crop, even though it may fall a shade below some estimates, will prove the largest ever harvested, and although Beerbohm estimates Europe's crop at 232,000,000 bushels more than the last, that would be only about an average yield, while other evidence is less favorable. Foreign buying has been strong, so that Atlantic exports for the week have been 3,326,878 bushels, against 5,534,758 last year, and Pacific exports 458,881 bushels, against 258,651 last year. But receipts at the West ar* increasing, and the price has dropped 5c for spot, though the September option is %c lower for th* week. Corn has fallen a fraction, later report* indicating a less satisfactory yield, and probably not more than should be consumed at home In enlarging the stock of animals. The advance of a sixteen in cotton to 5.81 c has followed a little better mi ling demand, with rather less favorable reports of probable yield, but the crop is at the worst likely to exceed the world’s needs. The New Orleans Cotton Exchange makes the output for the past year 11,199,994 bales, and Southern consumption 1,192,621 bales. The improvement in the iron industry ha* not only continued, but becomes more impressive becaure, after enormous buying of materials ha* satisfied the need* of great consumers for month* to come, the demand for products is so great that both materials and products gradually advance in price. Bessemer pig has risen to $10.55 at Pittsburg, local coke at Chicago and anthraclt* foundry at the East are strong, and also bars and plates advance a shade, with most structural and plate mills filled with orders for months to come and 25,000 tons of rails Bold at Chicago for delivery next year. The advance in tin plates, in spite of production far greater than was thought possible not long ago, is evidence that th* consumption of steel in that branch will be heavy. The wire nail works also report a better demand and the output- of Connellsviile coke has started up, gaining 10,000 tons for the week. The woolen mills have rather better orders thla week, but not enough to warrant running nearly a full force, with the price of wool held at th* West much above Eastern markets, and by thoss markets about lc higher than the mills are bidding. In cotton manufacture there is better demand, with a sixteenth rise in print cloths, though brown sheetings are & shade lower, th* demand for other goods being still fairly strong. Failures for the week have been 171 in th# United States, against 191 last year, and 22 la Canada, against 25 last year.
Bradstreet’a Review. 0 NEW YORK, Sept, 2.—Bradstreet's to-morrow will say: The advent of September find* fall trade apparently in full awing at the West and Northwest and more reported doing at Southern Mississippi valley points and in the Eaat, but the volume of business in wool and dry goods in the latter section is rather smaller than expected. Early reports of large business doing during August are confirmed by aggregates of monthly banlc clearings, which show unprecedentedly large totals for that month, little below, Indeed, the Immense monthly aggregates of last winter. Reports from the iron and steel trade are In a high degree favorable, the tonnage movement being unprecedentedly large and the tone of prices firm at the advances recently scored. The Western crop situation remains practically unchanged, cash wheat being lower on a rather larger movement of spring wheat, but an active demand for export has furnished sustaining power. Corn has been ruled by the weather in surplus producing States, which is dry and hot, with a steadying effect on prices. Wheat shipments for the week. Including flour, aggregate 3,687.040 bushels, as against 3,£63,476 last week, 6,263,647 in the corresponding week of 1807, 3,369,862 In 1896, 2,260,261 in 1895 and 3,207,300 in 1894. Since July l this year the exports of wheat aggregate 29.393,592 bushels, against 32,850,246 during the same period last year. Corn exports for the week aggregate 1,661,700 bushels, against 2,648,933 last week, 3,185,064 this week last year, 2,527,316 In 1896, 1.403,370 in 1895 and 127,000 In 1894. Since July 1 this year exports of corn aggregate 24,539.001 bushels, against 25,533,409 last year. Failures In the Dominion of Canada number 23, against 27 last week. 30 In this week a year age and In 1896, 33 In 1895 and 29 in 1894. A Week's Bank Clearings. The following table, compiled by Bradstreet, shows the bank clearings at the principal cities for the week ended Sept. 2, with the percentage of increase and decrease as compared with the corresponding week last year: New York *810.450.877 1nc..19.9 Boston 99,593.555 1nc..18.5 Chicago 93,543,334 Dec.. 3.1 Philadelphia 64.782.755 Dec.. 1.5 St. Louis 21,955,051 Dec..l*.s Pittsburg 17.792,966 1nc..10.T Baltimore 14.696,723 Dec.. 18 0 San Francisco 15.364,407 Dec.. 18.1 Cincinnati , 10.629,850 Dec.. 1.5 Kansas City 10.380,275 Dec.. 14.5 New Orleans 5,066,446 Minneapolis 7.291.463 Dec .10.9 Detroit 6,740.788 Inc.. 2.3 Cleveland 8.680,568 1nc..35.7 Louisville 5.652,747 Dec.. 1.6 Providence 3.898.2u0 1nc..11.9 Milwaukee 4,220,026 Dec.. 16 St. Paul 3,470.310 1nc..18.5 Buffalo 5.507.520 Dec.. 13.4 Omaha 6.961.639 Inc .29.3 Indianapolis 5.435.818 1nc..21.6 Columbus, 0 2.222.000 1nc..11.5 Denver 2.210,133 Inc.. 9.5 Memphis 1,031.499 Dec.. 20.5 Washington 1,422,278 Inc.. 15,# Peoria 1,439.888 Dec.. 12.3 Atlanta 787.382 Dec.. 12.0 Suit Lake City 1.566.622 Dec.. 2.1 Fort Worth 1.808,010 Inc .67.3 Portland. Me 1.320.573 Portland, Ore 1,218.124 Inc. .37.0 Grand Rapids 773,077 1nc..20.4 Dayton, O 649,196 Inc.. 6.0 Seattle 1,228.357 1nc..59.9 Tacoma 634.285 Inc.. 3.0 Spokane 6C6.498 Inc.. 14.3 Knoxville. Tenn 608,031 1nc..24.0 Topeka 579,993 Dec..ll.T Birmingham 372.301 1nc..!2.T Wlc'itta 352,156 Lexington. Ky 702,924 1nc.152.5 Jacksonville. Fla 15t,810 1nc..14.3 Rockford. 11l 138.178 Dec.. 6.T Canton, 0 166,500 Dec.. 10 Springfield. 0 193.353 1nc..77.0 Totals, United States *1,269,381,94* ToUls outside New York... 455,831,071 Inc.. 12. {
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