Indianapolis Journal, Volume 48, Number 262, Indianapolis, Marion County, 19 September 1898 — Page 7

THE L. A. KINSEY CO., INCORPORATED. CAPITAL, f25.000—F1 LL PAID. -BROKERSChicago Grain and Provisions, New York Stocks. Long: Distance Telephone, 1375 and 1532. II and 13 West Pearl Street Cincinnati Office, Room 4, Carlisle Building. VERYNEARTHE MAXIMUM OVER 22.000 LOADED CARS HANDLED B 1 LOCAL LINES LAST WEEK. % Safety Conplers on <tl Per Cent, and Air-Hritkcn on 44 Per Cent, of Freight Curs—Personal Notes. Freight men are pleased over the business handled last week. The falling off in the week ending Sept. 10 caused some anxiety lest there might be a decline to the records of past years In the month of September, but the train records show that in the week ending Sept. 17 there were received and forwarded at Indianapolis 27.776 cars. 22,3-18 being loaded, an increase over the preceding week of 1,176 loaded cars, 3,146 more than were handled at this point in the corresponding week last year. 5,421 more than in 1836, 3,251 more than In 1895, and 4,306 more than in 1894. From these comparisons it will be seen that as for some months past the Indianapolis linesj are handling from 25 to 30 per cent, more loaded cars thin in the corresponding periods of former years. While the increases are the most noticeable with the Indianapolis division of the Pennsylvania lines, the Vandalia. and the St. Louis and Chicago divisions of the Big Four, with all lines freight traffic is healthy in its volume, and it should be borne in mind that the loaded-car movement under present methods of loading cars represents per car fully 5 per cent, larger tonnage than heretofore. In some lines of cars the roads find it difficult to furnish a sufficient number. This is true as regards refrigerator cars, stock, coal and flat cars. At the present time flat cars are in demand to move heavy machinery, iron structural work lumber. While the grain movement is fully 50 per cent, lighter than at the corresponding period last year, in other lines of traffic it is so heavy as to more than overcome the deficit in grain shipments. Local traffic is very active; not in many years has business at the city freight depots and on the bulk tracks been as heavy as last week, and at the stock yards and packing houses business showed a marked improvement. Local agents report business as being at its maximum in nearly all classes of freight, each week showing more or less of an increase. Below is given the car movement for the week ending Sept. 17 and for the corresponding w.ieks of 1897 and 1896: Name of Road. 1898. 1897. 1896. C., I. & L 499 648 634 1., D. & W 498 493 4< 6 C„ H. & D.—lnd’plis div.. 910 723 608 1.. E. & W 542 581 525 Penn.—l. & V 732 422 449 Penn.—J., M. & 1 1,279 1.056 720 Penn.—Chicago div 944 668 453 Penn. —Columbus div 2.461 1.915 1.381 Vandalia 2,677 2.035 1,782 P. & E.—East div 736 763 236 P. & E.—West div 826 958 1.335 Big Four—Chicago div.... 2.4<>4 1.929 1,553 Big Four—Cincinnati div.. 2,908 2.423 2,569 Pig Four—St. Louts div... 2,420 1,922 1,718 Big Four—Cleveland div.. 2,512 2,666 1,960 Totals .'. 22.348 19.202 16.927 Empty cars 5,428 4.390 4,959 Total movement 27,776 23,592 21,886 Bast-bound shipments from Chicago for the week were 57,160 tons, against 52.113 tons for the previous week and 62,789 tons for the corresponding week last year. The Lake Shore led with 9,449 tons. Other roads carried: Michigan Central, 4.882: Wabash. 4,528; Panhandle. 7,447: Fort Wayne, 6,979; Baltimore & Ohio. 3.172: Grand Trunk. 5.444: Erie, 7,278; Nickel-plate, 6,110; Big Four, 2,927.

Further B. & O. Plans. A dispatch from Cincinnati last night says: The officials of the Baltimore & Ohio Railroad, who were in conference here yesterday and last night, continued their conference to-day. Receiver John K. Cowen left to-night for Baltimore. Receiver Oscar G. Murray, General Manager W. M. Greene and others leave to-morrow morning on a tour of inspection from here to Columbus, Newark and Sandusky, thence over the Chicago division. While the conference here is believed to have been on estimates for betterments of the Southwestern system, it is stated that Receiver Murray will make a similar report on the transohio division from Pittsburg and Wheeling to Chicago to the reorganization committee for the new purchasers, which include leading capitalists in the Northwest. It is stated that the purpose is not only to have a great transcontinental line through Chicago and the Northwest, but also to have a fast line from the Atlantic seaboard to St. Louis, and that the whole Southwestern system will soon be equipped with ninetypound rails after the grades are changed and other improvements are made. So far most of the improvements under the receivers have been east of the Ohio river, and now the road is to be perfected west of the Ohio, and with double tracks some of the distance. The Baltimore & Ohio Southwestern system from Parkersburg through Cincinnati and Louisville to St. Louis, is not in the hands of the receivers, but it is understood that it is included in the reorganization. The Baltimore & Ohio Southwestern system includes the lines of the old Cincinnati, Baltimore & Washington Railway Company end of the old Ohio & Mississippi Railway Company’. When the last-named was purchased. six y'ears ago, the Baltimore & Ohio Railway guaranteed the honds of the Baltimore & Ohio Southwestern Railway, and the Southwestern system is practically operated as a division of the trunk line, the connecting link from Parkersburg to Grafton being run for the Southwestern connections. and at the conference here it waa Proposed to put this whole system in the nest physical condition for fast time and other improvements, and for the benefit of fast service. In connection with the proposed changes of the pew purchasers, it is stated that Receiver Cowen has gone to confer with the holdings of Johns Hopkins University. and that when President E. R. Bacon returns to New York to-morrow night he will see Interested parties in New York, and after confewrings with the reorganization committee, go to Europe to confer wdth English interests. It is the current report here that Mr. Cowen will be president of the new company and Mr. Murray vice president, with Mr. Bacon In the new board, as well as the capitalists from the Last and the Northwest. President Thontaw** View*. The annual report of E. B. Thomas, president of the Erie lineß. the statistical portion of which was published in the Journal, is attracting a good deal of attention not only with the railroad fraternity, hut with investors in railroad securities. The report presents abundance of information concerning the property. On the question of rates he says: “The unsatisfactory feature of the year’s work Is the rate received for the service performed. From year to year the unit of revenue grows less, while the character of the service, forced by competition and the modern requirements of trade, fxows more and more expensive. Apparentv neither of these conditions can be Improved under existing circumstances, legislative and otherwise, surrounding the transportation industry. The only remaining effort, therefore, that can he made to stop the diminishing margin between revenue and cost is in the direction of reducing the latter. This necessarily requires heavy work, large expenditures and long time, and the results obtained appear slowly. To the efforts of the management towards the accomplishment of this object in due the large coat of operation for the year. Heavy expenditures, with which capital account could not legitimately be charged, were necessary upon locomotives, cais, tracks, etc., in order to meet the requirements needed to enable the company to do business on a parity with its competitors. These requirements must be met, and while the

cost Is large and will continue so for the present, yet the ultimate result is certain to be beneficial and materially reduce the cost per unit of service.” Partial Compliance nlth the Lnn. An amendment to the interstate-commerce act approved March 2, 1893, required railroads engaged in interstate traffic to equip their rolling stock with safety appliances by Jan. 1, 1898, but failing to comply, the commission, under authority conferred by the amendment, extended the terms of the act for two years. The last report % of the statistician to the commission shows that of railway employes 1.693 were killed and 27,667 injured. The order of the commission granting the extension required the unequipped carriers to furnish semi-annual statements showing the cars and engines equipped during the period with couplers and brakes as prescribed. The first report of the roads under this order shows that of 294 petitioning carriers 290 owned on June 1, 1838, 1,153,290 freight cars, an increase of 29,567 over the number as reported owned on Dec. 1. 1897. There are 119.614 freight cars reported equipped with automatic couplers and 67,202 reported equipped with train brakes during the six months ending June 1. 1898, which makes a total of 792.443 or 69 per cent, of the freight carp equipped with automatic couplers and 510,636, or 44 per cent., equipped with train brakes up to June 1, 18&8. Os 32,323 locomotives owned June 1. 1898, there are 29.102, or 90 per cent., which are equipped with driving wheel brakes. There are 360.847 freight cars out of 1.153.290, or 31 per cent., that are still unequipped with automatic couplers; 642,654. or 56 per cent., that are unequipped with train brakes, and 3.221. or 10 per cent., of the locomotives unequipped with driving wheel brakes up to June 1, IS9B. Belt Hoad Traffic. In the w r eek ending Sept. 17 there were transferred over the Belt road 19,219 cars, against 15,067 in the week ending Sept. 10, an increase last week of 4,162 cars. Belt road engines handled at the stock yards 1,179 carloads of live stock, against 986 In the week ending Sept. 10, an increase of 193 cars. Belt road engines handled for private industries on it3 line 931 cars, against 842 in the preceding week, an increase of ninetytwo cars. Personal. Local and General Note*. On the Panhandle line, between Pittsburg and South Chicago, there are 485 bridges, a distance of 507 miles. Trainmaster Mendenhall, of the Panhandle, has returned from Mount Clements, Mich., much improved in health. W. E. Tuttle. Western passenger agent of the American line, is very low with typhoid fever at his home, in Niagara Falls. Joseph Wood, vice president of the Pennsylvania Company, has returned from a Western trip to his headquarters at Pittsburg. C. A. Stevenson, train dispatcher of the Panhandle lines, accompanied by his family, has gone to Colorado for three weeks’ stay. John Colley, for several years general baggage agent of the Chicago Great Western, died at his home, in Chicago, last week of typhoid fever. The Cincinnati, Hamilton & Dayton is beginning to feel the improvement in business, last week handling at Indianapolis 1,265 cars. 910 being loaded. The Lake Shore is hauling thirty to thir-ty-five cars of live stock to a train, scheduled at thirty-five miles an hour most of the distance from Chicago to Buffalo. Ralph Capples, ticket and passenger agent of the Lackawanna road at New York citv, will this week he married to a young lady of Kenton. 0., Mr. Capples’s former home. The Vandalia continues to do an unprecedentedly heavy business, iast week handling at Indianapolis 3,094 cars, 2,677 being loaded, an increase over nunfber last year of 642 cars. George Wharton, an attorney of Marion, Ind.. has been offered a good position in the legal department of the Big Four, which he will probably accept. His headquarters will be at Cincinnati. The next annual encampment of the Grand Army of the Republic will be held in Philadelphia and the Baltimore & Ohio and the Pennsylvania lines are already in the field soliciting business. It is thought that the proposition to amalgamate the International Association of Ticket Agents and the American Association of Traveling Passenger Agents will he perfected before the annual conventions of the two next year. Engine 120, on the Pennsylvania lines west, which made such remarkable runs on the Louisville division of the Pennsylvania lines in 1893, has been rebuilt and is now in service between Pittsburg and Columbus, hauling fast trains. Charles R. Davis, formerly of the Panhandle’s Indianapolis division, with the general road foreman of engines, has gone to Indian Territory on account of poor health and will accept a similar position on the Oklahoma, Choctaw & Gulf. A. K. Handy has been appointed traveling freight agent of the Baltimore & Ohio for the State of New York and that portion of Pennsylvania and New Jersey north of the line of the Philadelphia & Reading, with headquarters at 434 Broadway, New York The Big Four recovered its ground lost in the w r eek ending Sept. 10. The lines last week received and forwarded 12.381 cars, 10,244 being loaded, an increase over the week ending Sept. 10 of 1,873 cars, and over the corresponding week cf 1897 an increase of 921. The Baltimore & Ohio, through the Western territory. • is becoming much more aggressive for passenger business. Passenger Traffic Manager Martin urging representatives of the B. & O. at all Western points to assume the aggressive and see that the road gets its full share of the travel. The election of E. B. McLeod, assistant general passenger agent of the Chicago & Rock Island, as president of the Traveling Passenger Agents' Association, is a direct compliment to him. Probably there is not a more popular passenger official on the Northwestern line that is Mr. McLeod. The Evansville & Terre Haute Railroad Company reports for the year ending June 30: 1898. 1897. Gross earn. $1,537,943 $1,281,858 Inc. $256,085 Net 591.038 515.641 Inc. 75.397 Surplus . . 127.472 Def. 185.065 Inc. 312,477 The Pennsylvania continues, as for three weeks past, to break all former records in number of loaded cars handled at Indianapolis, in the week ending Sent. 17 receiving and forwarding 7.191 cars, 5.416 being loaded. 1,355 more than the four divisions handled at Indianapolis in the corresponding week of 1897.

The Baltimore & Ohio is about to Indulge in an experiment of using the telephone for long distance communication. Work will begin in a few days on the construction of two new copper telegraph lines between Baltimore & Pittsburg, 340 miles, and they will be so arranged that when the necessity arises they will he available for telephonic communication. One of the wires will oe extended as far as Newark for telegraphic use. Anew line has also been constructed between Columbus and Cincinnati. It will take 800 miles of copper wire, weighing 166 pounds to the mile, to complete the work. A Chicago paper says that at Chicago, where all the railroad companies take much interest in the condition of their tracks, and where, on account of the level country, it does not cost much to build railroads and maintain them, the Pittsburg, Fort Wayne & Chicago is admitted to have far the most perfect roadbed. It is the only road running into Chicago wim double tracks ballasted with crushed limestone and having its ditches systematically sloped and the stone ballast lined up in perfect shape. The Ixike Shore is credited with having as smooth a track as the Fort Wayne. Dut the latter is ahead of the Vanderbilts’ crack line in other features. President S. R. Callaway, of the New York Central, is quoted as saying: “The decrease in New York Central freight traffic up to this time has been owing mainly to the unusual conditions affecting wheat transportation. An abnormal movement in wheat and flour was caused by the Leiter deal, but since ti.at time there has been practically no movement at all. I am of the opinion that we shall have a good fall business. Shipments of merchandise appear to be increasing, and our passenger business gives promising indications. Local passenger business on our lines is picking up rapidly, anti when people begin to travel it is a pretty good indication that business is improving and that money is easier.” Railroad men all over the country are surprised over the manner the Lake Shore and Niekel-piate are operated. While active competitors and controlled by the same owners, the Nickel-plate and West Shore are rate disturbers. A railway official, in speaking of this matter, said: “In so far as their interests are directly concerned, the Lake Shore and the Nickel-plate may be considered as being one and the same. The recent sharp competition between the New York Central and West Shore for passenger traffic has caused much surprise and some amusement, in view of the recent consolidation of the Vanderbilt road Interests. The West Shore is practically owned by the New York Central, and yet for several weeks is has been taking dollars out of the pockets of the New York Centra! people. In the bidding for contracts for transporting soldiers, the West Shore has on two occasions underbid the New York Central, and in one Instance the West Shore cut under the New York Central figure $1 a passenger. when a cut of 2 cents would have secured the contract and added many dollars to the Vanderbilt revenues.” <

THE INDIANAPOLIS JOURNAL, MONDAY, SEPTEMBER 19, 1898.

TRADERS TOOK COURAGE ON FINDING NEW YOKIv BANK RESERVE NOT ALL DISAPPEARED. Bunk Deposits Fallen Sixty-Five Millions tn Two Months— Local Market* Firm anil Active. At New York, Saturday, money on call was firm at 3<&3% per cent.; last loan, 3% per cent.' Prime mercantile paper, 4@5 per cent. Sterling exchange was steady with actual business in bankers’ bills at $4.83%f:/4.84 for demand and $4.81%(§'4.82 for sixty days; posted rates, $4.83^4.83V2 and [email protected]%; commercial bills, $4.81£t4.!>1%. Silver certificates, 60V4@61c; bar silver, 60%c; Mexican dollars, 47>4e. At London bar silver closed steady at 28%>d an ounce. The imports of species this week were $2,226,616 in gold and $44,487 silver. Exports from this port to ali countries aggregate $862,671 in siiver bars and coin, $219,985 in gold. The New York weekly hank statement shows the following changes: Surplus reserve, decrease $2,836,375 Loans, decrease 12,150,500 Specie, decrease 8.866,700 Legal lenders increase 1,071,700 Deposits, decrease 19,834,500 Circulation, increase 349,400 The banks now hold $4,240,400 in excess of the requirements of the 25 per cent. rule. Total sales of stocks, 178,800 shares, including 3,720 C„ B. & Q., 7,730 Reading preferred, 27,530 Northern Pacific, 5,760 Northern Pacific preferred, 8,774 Union Pacific, 11,400 St. Paul, 3,262 Southern preferred, 8,250 Union Pacific, 8,580 Tobacco, 3,520 Chicago Great Western 3,100 People’s Gas, 34,402 Sugar. The New York Financier says: “Despite a loss of over $11,000,600 in cash to the treasury and to the interior last week the surplus reserve of the associated banks shows a shrinkage of only $2,836,375, making the excess above requirements $4,240,400. The statement in the face of known facts must be regarded as favorable, although the banks seem loaned to their limit. The operation by which a heavy drain that normally would have left the banks without any surplus reserve has been completed is very simple. Loans have been contracted $12,13^1,500. This with the loss of $7,795,000 specie, reduced the desposits $19,834,500, making the loss in this item alone about $40,000,000 in tw’o weeks. Loans in the same time have fallen off more than $18,000,000, but as showing the effect of tne payments of new bonds on New York banks, it may lie stated that the aggregate deposits of the banks are now $65,000,000 lower than on July 16, while loans are actually $14,000,060 higher. This, of course, has resulted in u. heavy contraction of reserves, the loss in cash approximating between $56,000,000 and $57,0u0,090. The principal causes which have led to this drainage of reserves are now ending and further trouble will be obviated by treasury operations. The New York institutions have added $6,000,000 or $7,000,000 public deposits within a week.

“Only about $20,000,000 of the new bond issue remains unpaid, and this will be collected in installments. On the other hand gold imports received or arranged for amount to $7,000,000, exclusive of Australian consignments and the firm rate prevailing here has brought considerable cash from surrounding cities. The net loss to the interior last week did not exceed $2,000,0u0, which is very much under the average at this season, and the shipments will continue small for some time. It is not a scarcity of money, that is, a lack of per capita circulation, which has caused the present state of affairs, but rather the adjustment due to temporary treasury absorptions. This factor, happily, is being eliminated, and within the next few weeks will have disappeared. If there were apprehension otherwise, money would not be freely offering to-day in the principal cities under 4 per cent. New York was a dear money market last week, simply because the greater part of the v.crk in connection with the new loan fell to local banks.” London started prices downward on the New York Stock Exchange Saturday morning, and there were general declines after the opening on account of uneasiness over the effect of an unfavorable bank statement. There was evidently profit-taking on a heavy speculative line of some of the leading stocks, the effect being most pronounced in the Northern Pacifies and St Paul, the former running off a point. At the same time there were points of strength in the market, notably Baltimore & Ohio and Chicago Great Western, on reports of passing to the control of Great Northern interests looking to the formation of a great transcontinental trunk line. One or two specialties also mo'-ed briskly upward. There was a covering of shorts in Sugar, thus eliminating the leading factor of weakness from the market. Asa consequence a liberal demand sprang up at the low level and there was quite a notable absorption of stocks. Prices of the coalers were hid up sharply in the second hour on the strengtn of the Reading statement, showing an increase for the fiscal year of over $1,090,000 in net earnings and a balance of almost 3 per cent, after all prior requirements applicable to dividends on the first preferred stocks. The completion of the large speculative selling in St. Paul brought that stock up again on buying invited by the traffic statement for the second week in September, showing an increase in earnings of $103,871 over last year’s high level. The bank statement also proved stronger than expected, with a surplus remaining of over $4,204,400, and precipitated a general buying movement. Sugar was suddenly raided down 3 poinfs in the final transactions and caused sympathetic reactions in some of the specialties. but the general market held pretty firm at net gains throughout. New York Airbrake rose 4*4 points, but reacted a point. Wabash preferred advanced 1%. Reading and Wisconsin Central bonds w’ere active and strong, and Wabash debenture B’s continued to advance. The bank statement is expected to show the low’-water mark of the New York banks’ surplus reserve. The week’s decline W’as only $2,836,375. But this was done after the government had increased its deposits with New York banks some $5,000,000 during the week and the loan account of the banks was contracted $12,130,500. The stock market liquidation in the early part of the week was due to some calling of loans on collateral not of the higher grade. But there was no such contraction of loans on Stock Exchange account as that reflected in the bank returns. The item more probably indicates the beginning of the liquidation of loans made by Now York banks to other hanks qll over the country for the purpose of financing subscriptions to the government loan. The distribution of the new bonds has been a slow and tedious process, especially those for and under, which went to individual subscribers all over the country. The distribution of bonds of larger amounts has now commenced, and their distribution will work the liquidation of loans made for subscribing to them. Moreover, the supply of bonds available to the banks for circulation and as security for government deposits Is materially increased. It was these conditions that led to the subsidence of apprehension of a money stringency during the week and to the sharp recovery in the prices of stocks and bonds. The immediate future of the New York money market is promised relief by the anticipatory disbursement next Tuesday of the October interest on the United States 4 percents., registered, of 1807, which will amount to nearly $5,000,000. Railroad bonds have moved sharply upward in the latter part of the week on increased volume of business. United States twos have advanced V-. the threes, when issued. >%, and other government issues % in the bid price. The following table, prenared by L. W. Louis, Room 11. Board of Trade, shows the range of quotations: Ojiep.- Hinh- Low- OlosNarae. - ing. est. est. ing. Adams Express 113 American Express 130 American Spirits 12% American Spirits pref 35% American Super 123% 125% 122% 122% American Sugar pref 111% American Tobacco 150% 151% 149% 151% American Tobacco pref 130 Atchison 13% 13% 13% 13% Atchison pref 35% 35% 35 35% Baltimore <fc Ohio 44 Canada Pacific 86% Canada Southern 53% Central Pacific 23 Chesapeake & Ohio 7 23% Chicago * Alton 157 C„ I. & L 8% C„ I. & L. pref 30 C., B. & Q 115 116% 115 115% C. & E. 1 55 C. C.. C. & St. L 41% Commercial Cable Cos 170 Consolidated Gas 181 Colton Oil 36% Cotton Oil pref 84% Delsv'are & Hudson 108 D. L. & W : 150 Denver & Rio Grande 14 Denver & Rio Grande pref 36% Erie 13% Erie first pref 36% Fort Wayne 171 General Electric 46% 47 46% 47 Great Northern pref 137 Hocking Valley 5% Illinois Centra! 113% Kansas ic Texas pref....... 32% 33% 32 32% Lake Erie $ Western 17% Lake Erie & Western pref 74%

Lake Shore 192% Lead Trust 34 33 33% 35 Louisville & Nashville 57 57% 56% 57% Manhattan 96 96% 95% 98% Michigan Central 105 Missouri Pacific 34% 35 34% 35 New Jersey Central 90% 94% 90% 93 New York Central 116% Northern Pacific 41% 42% 40% 41% Northern Pacific pref 77% 78% 7.' 78% Northwestern 131% 131% 131 131% Northwestern pref 175 Pacific Mall 33 33% 33 33% People’s Gas 1047s 105% 104% 105% Pullman Palace 188 Reading 18% 19% 18% 19 Rock Island 103% 103% 103% 103% St. Paul 110% 110% 109% 110% St. Paul pref 157 St. Paul & Omaha 82 St. Paul & Omaha pref 159 Southern Pacific 22% Tennessee Coal and 1r0n... 29 29% 28% 29% Texas Pacific 14% Cnion Pacific 33% 3374 33% 33% Union Pacific pref 66% 67% 66% 67 U. S. Express 40 U. S. Leather 7% U. S. Leather pref 69% 69% 69% 69% U. S. Rubber 47% TJ. S. Rubber pref 104% Wabash, St. L. & P 8% Wabash, St. L. & P. pref 22% Wells-Fargo Express 120 Western Union 9374 9376 93% 93% Wheeling & Ijake Erie 2% Wheeling & Lake Erie pref 15% U. S. Fours, 110% U. S. Fours, coup 111% U. S. Fours, new, reg. 127% U. S. Fours, new, coup 127% Saturday’* Bank Clearing*. At ohicago—Clearings, $16,320,931: balances, 11.377.564. New York exchanee. 35c discount. Sterling exchange, posted, $4.83% and $4.85%: actual, $4.82% and $4.84; sixty days, $4.84%@4.85. At New York—Clearings, $154,833,964; balances, $7 393,833. At New Orleans—Clearings. $1,300,714. At Boston—Clearings, $16,940,002; balances, $1,752,021. At St. Louis —Clearings, $3,476,004; balances, $.732,940. At Philadelphia—Clearings, $12,130,018; balances, $1,943,147. At Baltimore—Clearings, $3,-vj,OSB; balances, $558,217. At Cincinnati—Clearings, $1,560,450.

Henry Clew*’* View*. In his weekly financial letter, Henry Clews has the following to say on the condition of the stock market and the monetary situation: The past week has developed a more buoyant feeling in Wall-street circles. The money situation, which had encouraged the recent selling of stocks, is becoming better understood, and the expectation of stringency has virtually disappeared. This obstacle being removed, there was nothing to prevent a general reaction towards better conditions. The bears had succeeded in breaking prices to a level of comparative cheapness, the market was freely oversold, and there were substantial operators ready to take in important lines of stocks when they were satisfied that the bottom of values had been touched. The general drift of events during the week has tended to warn the bears to cqver and the bulls to buy. Sterling exchange has fallen to the gold importing point, and some considerable engagements have already been made for shipping the metal to this port. There has also been some easing in the rates for money, consequent upon offerings from out-of-town sources, and it has been accepted as a good symptom that the new bonds are being taken up more rapidly. On Thursday the treasury placed $6,(8)0,000 of cash on deposit with city banks, against security of bond allotments. Also, the monthly official statement of foreign trade showed that our excess of exports over imports continues with but little abatement from the extraordinary proportions of several months past. This succession of encouraging events has changed the tone of business at the Stock Exchange and encouraged buying, and at the momqit the indications point to a prolonged continuation of activity. The money market has verged upon a somewhat critical condition, which had not been generally anticipated. At the beginning of July the associated banks held about $250,000,000 of specie and legal tenders, find tlie surplus reserve stood at $61,500,000. This extraordinary accumulation of lawful money was regarded- as placing the banks in an unusually strong position for meeting the autumn demand for interior crop movements and the expectation of an unusual plethora of loanable funds until the end of the year was quite general. The local stock of money had never been equaled but once, namely, in February. 1894, when we were In the midst of the great reaction from the liquidating process consequent upon the panic of 1893. Under such conditions few anticipated that by the middle of September the New York banks would have their attention attracted to the condition of their reserves, and yet such is the fact. Their stock of lawful monev has fallen from $250,000,000 on July 2 to $190,000,000 on Sept. 9. and their surplus reserves from $61,500,000 to $7,000,000. This decrease is orly in a small degree due to the usual fall shipments of money to the Interior, for this year they have so far been almost nominal, amounting, up to last week, to not more than. $3,000,000 or $4,000,000. The explanation of the position is to be four.d almost entirely in our war finances, and more especially in the payments on account of the $200,000,000 loan. The payments already made to the treasury on this operation amount to about $160,009,000. and considerably more than half that sum has been temporarily advanced by our local banks to institutions in the interior for making these settlements. This has immensely swelled the hank loans, but it must be remembered, as an offset 1 against that factor, that the banks are free to call upon their interior correspondents at any moment for the liquidation of these advances. The now outstanding advances on this account are understood to present a very large aggregate, but the larger it is the larger their ability to accommodate local wants by calling in these outside loans, and this factor gives an ample security against the present situation running into anything like a troublesome stringency. These facts really constitute a strong situation for tlie local hanks, for if their reserves are comparatively low they have the means of amply replenishing them promptly in the event of need. It may suit the convenience of tlie interior banks to employ at a higher rate of interest the funds they have thus procured at the lower metropolitan rates, but they are amply able to liquidate the advances on demand, as the amount of money in that class of banks is now very unusually large, and for that reason also the demand for money for crop movements is likely to he exceptionally light this year. It is also to be k* pt in mind that the disbursements of the treasury must continue abnormally large for some time to come, by which the' money drawn into the treasury will he gradually returned to public circulation rr to the banks. Another point favoring ail early return to comparative ease In monev is the resumption of imports or gold. The engagements of that nature already amount to about $5,000,006 and. as the August exports of merchandise exceeded the imports by $35,000,000, it is plain that the trade balance is likely to keep foreign exchange close uron the gold-importing point for some time to cfir.e. Under these conditions there is nothing in the present condition of the bank reserves to make even nervous borrowers uneasy. We are plainly on the way towards a long period of comfortable ease in money. The following official statement, showing the course of the imports and exports of the United States for the first eight months cf the calendar year, will show’ the extent to which this country has recently strengthened its financial portion from Its commercial operations with other countries: —Merchandise.— 1898. 1897. 1896. Imports ... .$120,412,038 $546,325,777 $471,232,299 Exports 775.674.023 641,697,330 580,930,792 Excess of exports .$352,261,987 $95,371,553 $109,698,493 —Gold.— Imports ~..5102,087,831 $11,837,654 $31,902,137 Exports .... 9,679,113 32.542,659 56,895,492 Excess of Imports . $92,408,718 7. Excess of exports $20,655,005 $24,993,355 —Silver.— Imports $19,813,563 $20,769,633 $19,716,922 Exports 34,281.397 38,024,156 41.336,893 Excess of exports . $14,467,834 $17,227,563 $21,619,971 The exports of merchandise have exceeded the imports by $352.009 000, while for the same months of 1897 the surplus was $95.40.1,000 and in 1896 $109,700,000. The creditor balance of this year has been set off by net gold imports amounting to $92,400,000, leaving a net creditor balance on the commercial account of $259,800,000, or at the rate of $346,400,000 per annum. As an Indication of the money strength of the United States government, the following statement is presented, showing the official count of cash in the treasury at the close of business on Sept. 13, 1898: Gold coin and bullion $239,379,230 Silver dollars and bullion 8,233,833 United States notes 50,622,126 Other assets in excess of demand liabilities 18,081,793 Available cash balance. Including gold reserve $316,316,982 It has rarely, if ever, been the good fortune of a government to close a costly war with $316 000,000 of cash, and 76 per cent, of it in gold, in its treasury. LOCAL GRAIN AND PRODUCE. General Trnile Active—-Fro lII* and \ cgretnliio* Recoining; Firmer. The week ending with Sept. 17 was one In which trade was more satisfactory In volume with wholesale houses than any week in many years. In. all lines there was marked activity. Seldom have the sales at dry goods houses aggregated so large as last week. All goods axe sold on dose

margins. Boot and shoe houses and milliners experienced an unusually satisfactory trade. On Commission row there was more activity. Irish potatoes on Saturday were selling at 1225 a barrel, en advance of 50 cents, and apples, if choice, are beginning to bring luxury prices. The produce market is active, poultry, eggs and butter all being firm at quotations. Business is improving with the seed merchants. Sugar is still advancing. Provisions rule easier. The hide market Is active and prices steady. The local grain market was quiet all the week. Receipts are light, while all cereals are in active request on track at the following range, as furnished by the secretary of the Board of Trade: Wheat —No. 2 red, 64c: No. 2 red. 59®63c; September. G4c; wagon wheat, 62c. Corn—No. 1 white, 29%c; No. 3 white (one color). 29%c; No. 4 white, 26%c; No. 2 white mixed. 29%c; No. 3 white mixed. 29%c; No. 4 white mixed, 26>*c; No. 2 yellow, 29%c; No. 2. yellow, 29 %c: No. 2 mixed, 29%c; No. 3 mixed, 29%c; No. 4 mixed, 261*0: ear corn, 2914 c. Oats—No. 2 white, 23c; No. 3 white, 22c; No. 2 mixed, 21c; No. 3 mixed, 20c. Hay—No. 1 timothy, $6.50®7; No. 2 timothy, m g. Inspections—Wheat: No. 3 red. 3 cars; No. 4, 1; rejected, 1; unmerchantable, 1: no grade, 5; total, 12 cars. Corn: No. 3 white, 2 cars; No. 4, 1; No. 3 yellow’, 1; No. 3 mixed, 1; total, 5 cars. Poultry and Other Produce, (Prices paid by shippers.) Poultry—Hens. 7c; spring chickens, 7%c; cocks. 2c; hen turkeys, 7c; turns, 6c; ducks, old, 4c; young, sc; geese, 40c for full feathered, 30c for plucked. Cheese —New York full cream, 10@llc; skims, 6®£c; domestic Swiss, 1214 c; brick, 12c; iimburger, 10c. Butter—Bl4®9l4c; Elgin creamery, 21c. Eggs—Candled, 12c per doz. Feathers—Prime geese, 30c per lb; prime duck, 10®17c per lb. Beeswax--30c for yellow, 23c for dark. Wool—Medium, unwashed. 17® 18c; tub-washed, 20®'25c; burry and unmerchantable, 5c less. Honey—lo@l3c per lb. HIDES. TALLOW. ETC. Green-salted Hides—No. 1, 94ic; No. 2,814 c; No. 1 calf, 10c; No. 2 calf, 814 c. Grease—White, 3c; yellow, 214 c; brown, 214 c. Tallow—No. 1,3 c; No. 2,244 C. Bones—-Dry, sl2® 13 per ton.

THE JOBBING THADE, (The quotations given below are the selling prices of the wholesale 'dealers.) Candies aud Nuts. Candies—Stick, 6%'®6%c per lb; common mixed, 6%@7c; G. A. R. mixed. 6%c; Banner twist stick, 8c; cream mixed, 9c; old-time mixed, 7c. Nuts—Soft-shelled almonds, ll@13c; English walnuts, 9@l2c; Brazil nuts, 10c; filberts, 11c; peanuts, roasted, 7®Sc; mixed nuts, 10c. Canned Goods. Corn, 75ctg51.25. Peaches—Standard 3-lb, $1.50®) 1.7D; seconds, $2.1002.35; 3-lb pie, 85©90c; California, standard, sl. <502; California seconds, $1.90 ®2.10. Miscellaneous—Blackberries, 2-lb, 65@7Uc; raspberries, 2-lb, 90® 95c; pineapple, standard, 2-lb, [email protected]; choice, [email protected]; cove oysters, 1-lb, full w’eiglit, 85®90c; light. 60@65c; string beans, 70®90c; Lima beans, [email protected]; peas, marrowfats, 85c®$1.10; early June, 90e®$1.10; lobsters, sl.Ss®2; red cherries, 90c@$l; strawberries, 90®) 95c; salmon, 1-lb, 90c@$l.S5; 3-lb tomatoes, 90®95c. Drags. Alcohol, [email protected]; asatetida, 25@30c; alum, 2% @4e; camphor, 40®44c; cochineal. 50@55c; chloroform, 58®65c; copperas, brls, 75®85c; cream tartar, pure, 30®33c; indigo, 65@80c; licorice, Calab., genuine, 30®40c; magnesia, carb., 2-oz, 25@30c; morphine, P & W., per oz, $2.55®2.90; madder, 14 @l6c; oil, castor, per gal. [email protected]; oil, bergamot, per lb, $2.75; opium, $4®4.25: quinine, P. & W., per oz, 29w34c; balsam copaiba, 50®60c; soap, castile, Fr.. 12@16c; soda, bicarb., 4%®’6c; salts, Epsom, 4@sc; sulphur, flour, s@6c; saltpeter, S®> 14c; turpentine, 29®35c; givcerlne, 15®T7c; iodile (totassium, [email protected]; bromide potassium, 55@60c; chlorate potash, 20c; borax, 9@l2c; cinchonida, 20 @2sc; carbolic acid. 30®32c. Oils—Linseed, 34®38c per gal: coal oil, legal test, 7® 14c; bank, 40c; best straits. 50c; 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, 5%c; Capitol, 4%c; Cumberland, 5%c; Dwight Anchor, 6c; Fruit of the Loom. 6c; Farwell, 544 c; Fitchville, 544 c; Full Width, 4c; Gilt Edge, 4%c; Gilded Aj£, 4c; Hill, 5V4c; Hope, 5%c; Linwood. 5%c; Lonsdale, 6c; Peabody, 4c; Pride of the West, 1044 c; Ten Strike, sc; Pepperell, 9-4, lac; Peppered, 10-4, 1644 c; Androscoggin, 9-4, 1544 c; Androscoggin, 10-4, 17c. Brown Sheetings—Atlantic A, 544 c; Argyle, 444 c; Boott C, 4c; Buck's Head, sc; Clifton CCC, 444 c; Constitution, 40-inch, 544 c; Carlisle, 40-ineh, 644 c; Dwight's Star. 644 c; Great Fads E. sc; Great Fads J. 444 c; Hid Fine, 544 c; Indian Head, 544 c; Penpered R, 444 c; Peppered, 10-4, 15c; Androscoggin, 9-4, 14c; Androscoggin, 10-4, 1544 c. Prints—Aden dress styles, 444 c: Aden's staples, 4c; Allen TR, 4c: Aden's robes, 4c; American indigo, 4o; Arnold lqng cloth B. 744 c; Arnold LLC, 644 c; Cocheco fancy, 4c; Cocheco madders, 4c; Hamilton fancy, 444 c; Merrimac pinks and purples, 444 c; Pacific fancy, 444 c; Simpson’s mourning, 344 c: Simpson's Berlin solids, sc; Simpson’s oil finish, 6c; American shirting, 344 c; black white, 344 c; grays, 344 c. Ginghams—Amoskeag staples, 444 c; Amoskeag Persian dress, 6c; Bates Warwick dress, 544 c; Lancaster, 444 c; Lancaster Normandies, 6c; Renfrew dress styles, 6c. Kid-finished Cambrics —Edwards, 3c; Warren, 244 c; Slater, Sc; Genesee, 3c. Grain Bags—Amoskeag, $13.50; American, $13.50; Harmony, $13.50: Stark, sl6. Tickings—Amoskeag ACA, 9%c: Conestoga BF, ll%c; Cordis, 140, 944 c; Cordis FT, 9%e; Cordis ACE, 10c; Hamilton awnings, 8c; Kimono fancy, 17c; Lenox Fancy, 18c; Muthuen AA. 10c: Oakland AF, 544 c; Portsmouth. 1044 c; Susquehanna, 1144 c; Shetuclset SW,„6%c; Shetucket F, 7c; Swift River, 444 c. Flour. Straight grades, [email protected]; fancy grades, $5.75® 6.25; patent flour, [email protected]; low grades, [email protected]; spring wheat patents, [email protected]. Groceries. Sugars—City Prices—Dominoes. 6.19 c; cut-loaf, 6.19 c; crushed, 6.19 c; powdered, 6c; XXXX powdered, 6.06 c; standard granulated, 5.75 c; fine granulated, 5.75 c; extra fine granulated, 5.88 c; coarse granulated, 5.88 c; cubes, 6c; mold A, 6c: Diamond A. 5.75 c; confectioners’ A, 5.63 c; 1 Coiumbit A—Keystone A, 5.44 c; 2 Windsor A—American A, 5.44 c: 3 Ridgewood A —Centennial A, 5.44 c; 4 Phoenix A—California A, 5.44 c; 5 Empire A—Franklin B, 5.38 c: 6 Ideal Golden ex. C Keystone B, 5.31 c: 7 Windsor ex. C—American B, 5.19 c; 8 Ridgewood ex. C —Centennial B, 5.06 c; 9 yellow ex. C—California B, sc; 10 yellow C Franklin ex. C, 4.94 c; 11 yellow—Keystone ex. C, 4.88 c; 12 yellow—American ex. C, 4.88 c; 13 yellow —Centennial ex. C, 4.75 c; 14 yellow—California ex. C, 4.69 c; 15 yellow, 4.63 c; 16 yellow, 4.63 c. Coffee—Good, 10® 12c: prime, 12® 14c; strictly prime, 14® 16c; fancy green and yellow, 18@22c; Java, 28©32c. Roasted—Old government Java, 3244®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: DiUworth. 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; 44 brl. SS; 44 brl, sl6; No. drab, plain, 1-32 brl. per 1,000, $4.25; 1-16 brl. $6.50; 44 bri, $10; 44 brl, S2O; No. 1 cream, plain, 1-32 brl, per 1,000, $7; 1-16 brl, $8.75; 44 brl, $14.50; 44 brl, $28.50. Extra charge for printing, [email protected]. Sait—ln car lots, So@Bsc; small lots, 85®90c. Spices—Pepper. 12®18c; allspice, 15®18c: cloves, 18®2Ec; cassia, 13@iac; nutmegs, 65@75c per lb. Beans—Choice hand-picked navy, [email protected] per bu; Limas, California, 4%@4%c per lb. Wooden ware—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 palls, $1.2C®1.25; double washboards, [email protected]; common washboards, [email protected]; clothes pins 50@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, $2®2.25; No. 2. [email protected]; No. 3, $2.50®2.?5; No. 5, [email protected]. Rice—Louisiana, 444@644c; Carolina, 6%@844c. Iron and Steel. Bar Iron—l.so®l.6oc; horseshoe bar, 2%®2%c; nail rod, 7c; plow slabs, 244 c; American cast steel, 9@llc; tire steel, 244@3c; spring steel, 444 ®sc. Leather. Leather—Oak sole, 27@30c; hemlock solo, 24® 26c; harness, 32@37e; skirting, 38@42c; single strap, 38@41c; city kip, 60®85c; French kip. 90c® $1.20; city calfskin. 90e@$1.10; French calfskin, [email protected]. >nils and Horseshoe*. 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, Fruits and Vegetables. Apples—Common to good, s2@3 per brl. Peaches—lndiana and Kentucky, clings and frees, $1®1.25 per bu; Michigan, $1.50®1.60. Pears—Bartlett pears, $1; Duchess, $1 per bu. Red Plums—7sc per bu; Damsons, $1.50 per bu. Wild Goose Plums—7sc per bu. Home Grapes— loc per 8-lb basket; New York grapes, 10 lbs, 124*c. Cranberries— s7®7.so per brl; [email protected] per bu. Oranges— California seedling. $3. Lemons—Messina, choice, 300 to box, $6; fancy, $6. Quinces—sl per bu. Bananas—Per bunch. No. 1, $1®1.75. Cocoanuts—4oc per doz; bags. SS. Cantaloupes—soc per brl; crates, 25c. Gem Melons—2oc per basket. Watermelons —5® 10c. Potatoes—s 2 per brl. Tomatoes—Home grown. 50c per bu. Sweet Potatoes—Baltimore, $2 per brl; Red Bermuda, $1.75 per brl; Jersey, $3 per brl. Cabbage—New. 50@60c per brl. Onions—sl.so per brl. Spanish Onions—sl.so per crate. Celery— Michigan, 20®25c per bunch. Beans—Wax, 60@75c per bu. Lima Beans—so®6oc per gal. Provisions. Hams—Sugar-cured, 18 to 20 lbs average, B%® B%c; 15 lbs average, 8*4®944c; 12 lbs average, 944 ®9%c. 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, 744 c; 18 to 23 lbs average, 7%c; 14 to 16 lbs average, 7%c. Clear backs, 18 to 22 lbs average, ?%c; 14 to 18 lbs average, 744 c; 8 to 10 lbs average, 744 c. In dry salt. 44c less. Shoulders— lß to 20 lbs average, 6%e; 15 lbs average. 644 c: 10 to 12 lbs average, 7%c. Lard—Kettle-rendered. 644 c; pure lard, 6c. Pork— Bean, clear. sl4; rump, $10.50. heeds. Clover—Choice, $3.75: prime. [email protected]; English, choice, sS.2s®>3 50; alsike. choice, $4.60@5; alfalfa, choice, $4.2504.50; crimson or scarlet clover, $2.75©3; timothy, 45 lbs. prime. $1.15® 1.20; light prime, $1.20®1.25; choice. $1.25® 1.30; fancy Kentucky. 14 lbs, $1.15; extra clean, 60®76c; orchard grass. extra, [email protected]; red top, choice, 80o®$1.40; English bluegrass, 24 lb*. $1.1501.75; German millet, '11®!. 25; Western millet, Coss3sc; common millet, 40® CGc.

RUSSIAN WHEAT SCARE 1 AX OLD STORY OF CROP FAILIRE UTILIZED BY THE BULLS. Market Influenced at the Start, lnt Later All the Advance Wna Lost —Pork Was Unchanged. + CHICAGO, Sept. 17.—Heavy clearances at the coast to-day held prices steady in the wheat pit. September closed unchanged and December 44c higher. Corn rose %c. Oats advanced Pork left off unchanged; lard, 244 c higher, and ribs unchanged. The wheat situation had no fresh light shed on it by early cablegrams or dispatches, but the market started at a slight improvement for December delivery. September, however, showed a tendency in the opposite direction, and that becoming more pronounced it dragged the active option in Us wake. A factor which helped the market somewhat at the start was the report that a prominent business man of Ohio, who is nefw traveling in Russia, had written to this country that he had learned from a Russian official that the wheat crop in the Volga district was a failure, and that 80,000,000 busnels of wheat from other parts of Russia would be required to feed the population of that province. The r ank and tile of the speculative crowd was like the leaves of the aspen, which quiver even when the air is calm, and that supersensitiveness was shown by the flutter in the market that attended the spreading of the oft-told tale from the Volga. Chicago receipts were 176 ears, against 2-16 the same day last year. Minneapolis and Duluth received 1,112 cars, compared with 1,143 a year ago. The Atlantic port clearances of wheat and flour for the day-amounted to a heavy aggregate, and that was the cause of considerable firmness in the market near the close. Including clearances from New Orleans, Galveston and Newport News, wheat and flour amounted to 715,000 bushels. September wheat, after opening unchanged to 4c lower at 6544®6544c and declined to G4%c, was again wanted in the last ten minutes at the price it started at, and closed firm at 6544 c. December was similarly affected, and turned from being weak to moderately strong and closed practically at the top. The opening was 44c higher at 62%®62%e, declined to 6244 c, then firmed up to 62%@ 62%c, the closing price. Corn was dull, but firm. The market opened above the price of calls, and there was some selling against those privileges, but the offerings were not sufficient to materially influence values. The initial upturn was due to moderate buying by commission houses. Prices held steady on a very dull trade throughout the session and closed near the top prices of the day. December opened 44c higher, at 29%c, declined to 29%e, firmed up to 29%® 29%c, and closed at 29%c. Oats demonstrated their ability to follow corn. Trading was light and nothing of importance developed. May started 44c up, at 224 c, declined to 22c, then improved to 2244(u224'iC, the closing price. Provisions were firmer, but very quiet. Packers were inclined to buy and there was no pressure to sell. The feature of the day s trading was the purchase of 1,300.‘J00 pounds of ribs by a prominent packer. The general trade was light and the range of prices inconsequential. Estimated receipts for Monday Wheat, 170 ears; corn, 520 cars; oats, 300 cars; hogs, 36,000 head. Heading futures ranged as follows; Open- High- Low- ClosArticles. ing. est. est. ing. Wheat-Sept 6544 6544 64% C 544 Dec 62% 62% 62% 62% May 64% 64% 6=1% ’ 64% Corn—Sept 29% 30 29% 29% Dec 29% 29% 29% 29% May 31% 31% 31% 31% Oats—Sept 20% 20% 20% 20% Dec 2044 20% 20% 20% May 2244 22 % 22 22% Pork—Oct $8.30 $8.3244 SB-30 $8.30 Dec 8.35 8.42% 9.35 8.3744 Jan 9.20 9.20 9.17% 9.17% Lard —Oct. 4.72% 4.77% 4.72% 5.77% Dec 4.80 4.82% 4.80 4.82% Jan 4.8744 4-90 4.87% 4.90 Ribs—Sept 5.30 Oct 5.25 5.27% 5.25 5.2744 Jan 4.70 4.7244 4-70 4.70 Cash quotations were as follows: Flour steady; special brands, $4.25®4.50; hard winter patents, [email protected]; soft patents, $3.30®3.40; straights, s3®) 3.10; bakers, [email protected]. No. 2 spring wheat, 64® 65%c; No. 3 spring wheat, 624(65%c; No. 2 red, 66%c. No; 2 corn, 30®"0%c: No. 2 yellow, 30%c. No. 2 oatr. 2144@21%c; No. 2 white. 24® 25c; No. 3 white, 23®24c. No. 2 rye, 47%@4744c. No. 2 barley, 39@44e. No. 1 flaxseed. 88c; Northwestern, 91c. Prime timothy seed. $2.47%. Mess pork, per brl, [email protected]. Lard, per 100 lbs. $4.7744©'4.82%. Short-rib sides (loose). $5.15®5.35; dry-salted shoulders (boxed), $4.50®4.75; short-clear sides (boxed), [email protected]. Sugar—Cut-loaf, 6.08 c; granulated, 5.64 c. Receipts—Flour, 6,800 brls; wheat, 164.400 bu; corn, 338.500 bu; oats. 399.800 bu; rye, 29.850 bu; barley, 97.2C0 bu. Shipments—Flour, 6,200 brls; wheat. 169,400 bu; corn, 218,000 bu; oats, 505,300 bu; rye, 25,000 bu; barley, 61,000 bu.

AT NEW YORK. Rulitm Price* in Produce at the Seaboard's Commercial Metropolis. NEW YORK, Sept. 17.—Flour— Receipts, 35.156 brls; exports, 3.426 brls. Market quiet, but held steadier. Corn meal steady; yellow Western, 70c. Barley malt dull; Western, 55@61e. Wheat—Receipts, 267,325 bu; exports, 31,880 bu. Spot steady; No. 2 red, 72%c, f. o. b. afloat, to arrive and spot. Options opened fairly steady, but gradually eased oft under long selling and predictions of larger spring wheat receipts next week. Pressure was mostly in September, which closed J /ic lower, against c decline in other deliveries; September, 70@71%c, closed at 70>4c; December. 67^067'Ac, closed at 67> 4 c. Corn—Receipts, 107,773 bu; exports. 100 bu. Spot steady; No. 2, 35%@35%c, f. o. b. afloat. Options steady to Arm all day on higher cables and rumors of colder weather West; closed %c net lower. Oats—Receipts, 126,000 bu; exports, 99,624 bu. Spot steady; No. 2,25 c; No. 2 white, 28c. Options neglected and nominal. Hops steady; State, common to choice, 1896 crop, 496 c; 1897 crop, B@l2c; 1898 crop. 14@17c: Pacific coast, 1896 crop, 4<&6c; 1897 crop, 6@l2c; 1898 crop, 14017 c, London. Tallow steady; city, 3%c; country, 3%@3%c. Rice firm; domestic, fair to extra, s!*@6%e; Japan, 6%@6V6c. Molasses steady; New Orleans open kettle, good to choice, 28@33c. Cotton-seed oil Inactive; prime crude nominal; prime * rude, f. o. b. mills, nominal; prime summer yellow, 22V5C sjiot, 22c future delivery; off summer yellow, 22c; butter grades nominal; prime winter yellow, 27028 c. Coffee—Options opened steady at unchanged prices to 5 ponts decline; showed a generally weak undertone, European and Brazilian cables being unsatisfactoryspeculators indifferent and consumers procrastinating on account of heavy visible supply; but selling checked by low prices and continued disappointing movement of new Brazilian crop; closed ouiet and unchanged to 5 points lower. Sales, 9,250 bags, including: September, [email protected]. Spot coffee—Rio dull; No. 7, invoice 6V&c, jobbing 6%c. Mild quiet; Cordova, 8015 c. Sugar—Raw strong; fair refining. 3 13-T6@3%c; centrifugal, 96 test. 4%c; molasses. 3 9-lS@3%c. Refined strong; mold A, 5%c; standard A, 5%c; confectioners’ A, u’foe: cut-loaf, 5 15-16 c; crushed, 5 15-16 c; powdered, sse; granulated, s*/i.c; cubes, s*c. TRADE IN GENERAL. Quotations at St. Louis, llnltimore, Cincinnati and Other Place*. ST. LOI.'IS, Sept. 17. —Flour steady, with a fair inquiry, but no change in prices. Wheat steady to fractions higher, with September "c, December 1 -(&%c and May Vie up from yesterday. Spot better. No. 2 red, cash, elevator, 68c bid; track, 69c; September. 68%c bid; December, 6o T ,B©C6c bid; May, 66(4c bid; No. 2 hard, cash. 64c nominal. Corn—Futures closed higher for the day. Spot steady; No. 2. cash, 28-4 c bid; September, 28>jc: December, 28%c; May, 299;c. Oats —Futures steady to a shade higher. Spot steady; No. 2, cash, 22 ! ie bid; track, 23c; September, 22c bid; December, 21%c bid; May. 23>4c; No. 2 white. 2514 c. Rye steady at 45 1 -jC. Flaxseed steady at 85>4c. Prime timothy seed firm, scarce and in demand at $2.40. Corn meal quiet at >1.6501.70. Bran strong and in demand: sacked, east track, 45c. Hay steady; timothy. $6.5609; prairie, $506. Butter steady; craamery, 19@22c: dairy, 13@*l8c. Eggs steady at 13c. loss off. Whisky steady at $1.25. Cotton ties and bagging unchanged. Pork weaker; standard mess, jobbing. $8.37' 3 . Lard steady; prime steam, $4.85; choice. $4.70. Drysalt meats —Boxed shoulders, $5; extra short-clear and ribs, $6.25; shorts, $6.3714- Receipts—Flour, 8.000 brls; wheat, 46,600 bu; corn, 25,000 bu; oats, 25,000 bu. Shipments—Flour. 4,000 brls; wheat, 7,000 bu; corn, 21,000 bu; oats, 30,000 bu. BALTIMORE, Sept. 17.—Flour dull and unchanged; receipts, 10,580 brls; exports,. 7,262 brls. Wheat easy; spot and month, 69%©69%c; October, 6984©69 , /ic: steamer No. 2 red. 64'N@64 7 /*c; receipts, 30,720 bu; exports, 16,223 bu; Southern wheat by sample, 64071 c; Southern wheat on grade, 6.V*@7o*4c. Corn steady; cje>t and month, 330 c; October, 33003300; steamer mixed, S2H<fi32,jc; receipts. 61,621 bu; exports, 68.571 bu; Houthern white corn, 34035 c; Southern yellow. 36 036Vfcc. Oats firm; No. 2 white Western, 2<*V4o27e; No. 2 medium Western, 24025 c; receipts. 18,700 bu: exports none. Sugar strong and unchanged. Butter steady and unchanged. Eggs firm and unchanged. Cheese steady and unchanged. LIVERPOOL, Sept. 17.-Wheat-Spot steady; No. 2 red Western winter, 5s lid. Corn—Spot firm; American mixed, new. 3 Hid; futures quiet; September, 3s Hid., October, 3s i ;*<i; December, 3s

3%d. Flour—St. Louis fancy winter steady at 8s 3d. Hops— At London (Pacific coast) firm at £3 ss>®£4 5. Beef dull; extra India mess, 63s 9d; prime mess, 57s 6d. Pork dull; prime mess, fine Western, 50s; prime mess, medium Western, 47s 6d. Hams- -Snort-cut steady at 35s 6d. Bacon firm at :>2s6d; short-ribs, 32s 6d; long-clear middles, light. 30* 6d; long-clear middles, heavy, 30*; clear bellies firm at 365. Shoulders, square, dull at 245. Lard—Prime Western dull at 25s 9d. Cheese firm; American finest white and colored, 375. Tallow—Prime city steady at 19s. CINCINNATI. Sept. 17.—Flour dull. Wheat firm; No. 2 red, 67c. Corn steady: No. 2 mixed, 3lc. Oats Arm; No. 2 mixed, 234*c. Rye quiet; No. 2,46 c. I-ard firmer at $4.65. Bulk meats steady at $5.25. Bacon steady at $6.50. Whisky firm at $1.25. Butter steady. Sugar firm. Egg* stca iy at 13c. Cheese firm. MINNEAPOLIS, Sept. 17.—Wheat dull and lower; September. 614rc; December. 59%c; May, 61%®61%c: No. 1 hard. 67%c; No. 1 Northern. 66Vic; No. 2 Northern. 62%c. Flour—First patents. $3.95®4.06; second patents, $3.75®3.55; first clear, $2.7002 80. Bran, In bulk, $707.75. TOLEDO. Sept. 17.—Wheat dull and unchanged; No. 2. cash. 67%c; December. 6".%c bid. Com dull, but steady; No. 2 mixed. 3044 c. Oats quiet; No. 2 mixed. 21c. Rye unchanged: No. 2, cash, 46%c. Clover seed active and steady; prime, cash, old, $3.50; new, $4; October, $4. Rntfer, Eggs and Cheese. NEW’ YORK. Sept. 17.—Butter—Receipts, 2.84* packages. Market firmer; Western creamery, 14% 21c; Elgin*, 21c; factory. 11%@14c. Eggs—Receipts, 3.765 packages. Market firm; Western, 16%e. Cheese firm; large white. 7%c; small white, 7%c; large colored, 7%c; small colored, 7%c. PHILADELPHIA, Sept. 17.—Butter firm; fair Western creamery, 20%o; Western prints. 21c. Eggs firm; fresh near-by, 16%c; fresh Western, 15%@16e; fresh Southwestern, 15c. Cheese firm. CHICAGO. Sept. 17.—0n the Produce Exchange to-day the butter market was firm: creamery, 13®20c; dairy, 11%®17c. Cheese steady; creamery, 7®B%C. Eggs firm; fresh, 13%®14c. KANSAS CITY, Sept. 17.—Butter steady; separator, 174® 19c: dairy. 16®17c. Kegs—Fresh candled Missouri and Kansas stock, U%c, case* returned. Dry Good*. NEW YORK, Sept. 17.—The week lias shown few changes in the general situation in dry goods. Print cloths, from being In a very firm position, have come to be regarded as easier by buyers. There was no actual decline in quotations until yesterday, when a limited number of extra 64 squares were sold at 2 l-16c. lesq 44 Pr cent. Sales were lighter than those of last week, but it 1s reported that a slight reduction in the stock has been effected. Nevertheless the progress made in the market is not reckoned as on a liberal basis, since there have been few contributions to the contract list for early delivery. Other cotton goods have shown generally poor results through the week. The dullness in the woolen and worsted market has not been dispelled during the week. Oil*. WILMINGTON, Sept. 17.—Spirits of turpentine firm at 25%@29c. Rosin firm at $101.05. Crude turpentine firm at $1.1001.60. Tar firm at $1.30. OIL CITY. Sept. 17.—Credit balances, $1.02; certificates opened at $1.02 bid for cash; no sales; shipments, 83.302 brls; runs not reported. SAVANNAH, Sept. 17.—Spirits of turpentine firm at 29c. Rosin firm and unchanged. Metals. NEW YORK. Sept. 17.—Pig iron dull; Southern, $9.75® 11; Northern, $10011.50. Copper quiet; brokers, 12c. Lead steady at 3.85 c. Tin plate* steady. ST. LOUIS, Sept. 17.—Lead firm at 3.87440. Spelter nominal at 4.6244 c. Dried Fruit*. NEW YORK, Sept. 17.—California dried fruit* steady; evaporated apples, common. 6®Bc; choice, 9®9%e; fancy, 944®9%c. Prunes, s®B4*c. Apricot* —Royal, ll®13c; Moor Park, 12@16c. Peaches — Unpeeled, 7®9c; peeled, ll®lsc. Cotton. NEW v .ILEANS, Sept. 17.—Cotton easy: sales, 1,150 bales; ordinary, 3 11-I60; good ordinary, 4%c; low middling. 4%e; middling, 5%c; good middling. 5 7-16 e; middling fair, 6%c; receipts, 3,285 bales; stock, 70,041 bales. Wool. NEW YORK. Sept. 17.—W00l dull; dome*tlo fleece, 17®23c; Texas, 13®15c. * LIVE STOCK. Cattle Scarce and Quiet —Hogs Sharply Lower—Sheep Quiet. INDIANAPOLIS, Sept. 17.—Cattle—Receipt* light; shipments none. There were but few on sale. The market was quiet at unchanged prices. Good, fat steers will sell readily at $5.50. Exports, good to choice $5.10® 5.40 Killers, medium to good 4.65® 5.00 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. J) Cows, good to medium 3.75® 4.23 Cows, fair to medium :... 3.20® -.60 Cows, common and old 2.00® 3.00 Veals, good to choice 5.00® 6.50 Veals, common to medium 3.M)@ 4.50 Bulls, good to choice 3.40® 3.75 Bulls, common to medium 2.50® 3.20 Milkers, good to choice 35.00®45.00 Milkers, common to medium 20.00®30.00 Hogs—Receipts, 3.500; shipments light. Owing to the withdrawal of the unnatural Influence that sustained prices yesterday, the market to-day assumed its normal condition and opened shamly lower. The demand from packers and shipper* was good and the closing was strong at quotations, with all sold. Light $3.95 ®4.00 Mixed 3.924403.97% Heavy 3.92%®3.97% Pigs 2.50 ®3.50 Roughs 3.25 ®3.75 Sheep and Lambs —Receipts light; shipments none. But little doing for want of stock. The market was unchanged. Sheep, good to choice $3.75®4.25 Sheep, fair to medium 3.40®3.60 Stockers, common to good 2.5003.50 Bucks, per head 3.00®5.00 Spring lambs, good to choice 4.75®5.25 Spring lambs, common to medium 3.2504.50

Elsewhere. KANSAS CITY, Sept. 17.—Cattle—Receipts, 50. Steady prices. Receipts for the week. 53.000. With large suirplies, the rood, active demand for all grades of slaughtering and well-bred feeders is decidedly encouraging to producers. Desirable killers and feeders steady; others steady to lower; 700 cars of feeders shipped to feeding j*>lnts the past seven days; choice native steers, $5.2503.60; medium, $4.76@&.25; light weights, $4.4005.35; stockers and feeders, $3.5005.15; butcher cows and heifers, $304.85; butcher bulls. $2.86,03.50; Western steers, $3.6<H&5.05; Western cows, $304; Texas steers, $304.60; Texas butcher cows, $2.8003.30; canning stock, $2.350 2.80. Hogs—Receipts, 4,350. Market steady. Receipt* for the week. 33,000. Light supply and good genera! demand caused 5010 c advance In prices for tbe week; heavy, $3.7503.90; mixed, $3. 6503.85; lights. $3.60(^3.75. dheep--Receipts, 1,980. Prices unchanged. Receipts f'ir the week. K> 000. Large supply, mostly range stock. Liberal demand for desirable flocks; best muttons, 15c higher; range lambs, $1.7505.20; range muttons, $3.8004; range feeders, $3.7504. CHICAGO, Sept. 17.—The meager offerings of cattle were taken a? a sharp advance In values; choice steers, $5.350-5.75; medium. $4.5005; l>eef steers, $4.1004.75; stockers and feeders, $304.67; bulls, $3.2504.25; cows and heifers, $2.7504.25; calves. $307.50; Western rangers, $2.7504.50; fed Western steers, $4.1005.40; Texans. $3.2505.15. The demand for hogs was active and price* ruled stronger to 2>4c higher: fair to choice, IS.ST'A 04.05; packing lots, $3.6003.85; butchers, $3,600 4.05; mixed, $3.6504.0%; light, $3,650(4.05; pigs, $2.9003. The limited supply of sheep were disposed of at unchanged prices; native sheep. $304.50; Western rangers, $3.7504.45; poor to prime lambs, $3,500 6.15; feeding lambs, $405.60. Receipts—Cattle. 400; bogs. 20,000; sheep. 5,000, ST. LOUIS, Sept. 17.—Cattle—Receipts, 300, including 150 Texans; shipments. 2,000. Market steady; fair to fancy native shipping and export steers. $4 600 5.40. bulk at $5.1005.30; dressed beef and butcher steers, $3.7505.25, bulk at $405.20; steers under 1,000 lbs, $3.6('04.60. bulk at $3,750 4.25; steckers and feeders. $34i4.50, bulk at $3.45 @4.30; rows and heifers, $204.70. bulk of cows, $2.5003.50: bulls. $2.2504.25: Texas and Indian st( ers. $304 05; cows and heifers, $2.6603.25. Hogs—Receipts, 3,000; shipments. 3.000. Market steady: Yorkers. $3.8'*03.90: packers, $3.8003.90. Sheep—Receipts. 960; shipments, 250. Market steady; native muttons. $404.25; lambs. $4.5005.55; stockers, $3.2503.56; culls and bucks, $2.5004. NEW YORK, Sept. 17.—Beeves—Receipts, 992. No trading. Live cattle, 10*i@ll ! 4o, dressed weight; refrigerator beef, 80814 c. Exports. 580 cattle and 1.229 quarters of beef. Calves—Receipts. 118. Market slow; veals. $6 5007.50; grassers and buttermilks nominal; Westerns, $3.50, Hogs—Receipts, 3,088. Market nominal at $4.15 @4.50. Sheep and Lambs—Receipts, 3.222. Sheep steady; lambs slow; sheep. $3.5004.75; lambß, $5.5006.20; choice holdings, $6.25. CINCINNATI, Sept. 17.—Cattle steady at $2,750 4.85. • Hogs quiet at $3.1004. Sheep steady at $204.25; lambs steady at $3.50 @5.60. ■ ♦ SALES OF REAL ESTATE. Eight Transfer*, with a Total Consideration of $7,1112.50, Instruments filed for record In the recorder’* office of Marlon county, Indiana, for the. twentyfour hours ending at 5 p. m. Sept. 17, IH9S, as furnished by Then. Stein, abstracter of titles, corner of Market and Pennsylvania streets, Indianapolis. Suite 2 29, first office floor, The Lemcke. Telephone 1760: Earney Foley to Joseph W. Lunt, north half of Lot 10. Martindale & CO.’s addition $1,5<W.00 Benjamin F. Gibson et al. to Edward Johnston et al.. Lot 16. Record’s third addition to laiwrenoe 150.00 James H. Hooker to Fred W. Sparks, Lots 4,5, 6 and 7, Hardebcck’s subdivision of Vajen’s sixth addition 806.00 Christian la>nt i (guardian) to John F. Petticrew,‘part of Lots 10. 11 and IX Lentz's heirs’ addition 390.00 O. C. Miller to Albert E. Metzger, Lots 17, 18. 19. 20. 21 and 22, Hanway iit Hanna's Oak Hill addition 1,552 50 Albert E. Metzger to Harrison C. Blckel and wife, same lots 2,060.90 George Hosner to Joseph Rosner, Lot 20, Block 23, Goodlet & Scott’s Haughviile addition 1.900.00 Mary Carle to Herman C. Relssner and wife, part of Lot 3, Munson’s first addition 200.00 Transfers, 3; consideration $7,642.50

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