Indianapolis Journal, Volume 48, Number 346, Indianapolis, Marion County, 12 December 1898 — Page 7

THE L. A. KINSEY CO., INCORPORATED. CAPITAL, S2S,OOO—FULL PAID. —BROKERS— Chicago Crain and Provisions, New York Stocks. Long Distant Telephone. 1375 and 1592. 11 and 13 West Pearl Street Cincinnati Office, Room 4, Carlisle Building. IUONFV 4 &% t06 %- /VlvJliLwl SI,OOO and upward, loaned oti Improved Property. Interest graded according to location and character of security. No delay. C. F. SAYLES, 135 East Market St. TONNAGE IS INCREASING OYER 22.04)0 CARS MAM)I.CD AT IXDIAXA I*4) 1.1 9 LAST WEEK. 1 I‘awteiiKer oitli inU of Central Truffle Association Line* la Meet an YY eU n emln > —l’e ra n;i I Xotes. ♦ The train records show that thorn were received and forwarded at Indianapolis in th week ending Dec. It) a total of 27,535 ears. 22,520 being loaded, 1.720 more than In the week * riding Dec. 3. an Increase over the corresponding week of 1*97 of 1,191 loaded ears; over 1996, ;i.S*2: over 1895. 2.264: over IV'4, 4,490. The Indianapolis lines, as for months past, are doing a business largely in excess of a y former period, the. increase In number of loaded cars handled not fully representing the Increase In tonnage in many classes of freight, so much has the carrying caput ity of cars been increased of late years, the grain, the cotton and coal car of to-day carrying ten to fifteen more tons of freight than the cars of ten years ago. The more satisfactory feature of the. business situation with the Indianapolis roads is that every 1. e is short of cars and Ihe traffic is not a m* re spasmodic increase. Present conditions will continue for months to come, so general is the improvement and such quantities of freights are there to be moved. Tipi shipments of grain East, for both domestic and export consumption, are very heavy, and the shipments of miscellaneous freights are largely in excess of that usually carried in Dec<mler. Wert-bound the loaded-car movement continues in excess of that of the corresponding period last year. While in the higher-class freights there is a heavier tonnage, in the lowerclass freights, such as heavy groceries, coal ar.d coke, etc., increase is the most noticeable. Local business continues heavy, much to the surprise of freight men, who had expected that December would hring a marked falling off instead. Seldom is there a week in which more freights have been handled over the platforms at the city freight depots and in tho bulk yards. At present the manufacturers of cerealine products are heavy shippers, as are the packing houses. Not in many years has there been as much coal handled by Indianapolis lines as n the last ten days, so many manufacturers are now using coal as fuel. Receipts of gtain and live stock last week were the largest at any time the present year, and local industries of all kinds seldom at this season of the year are as heavy shippers. Below is given the car movement for the week ending Dec. 10, and for the corresponding weeks of 1597 and 18%: Name of Road. 1898. 1897. 1890. C., I. & L 4SO 401 497 1., D. & W 507 503 548 C., H. & D—lnd'plis div 762 790 684 L. E. & W 472 508 439 Penn.—l. & V 1,087 730 6SO Penn —J., M. & 1 886 SOS 672 Penn.—Chicago div 788 802 579 Penn.—Columbus div 2,252 2,152 1.623 Vandalia 2,074 2.437 2,025 P. & E.—East div 696 727 686 P. & E.—West div 1,051 988 867 Big Four—Chicago div 2.2% 2,281 2.418 Big Four—Cincinnati div.. 3.031 2.898 2,971 Big Four—St. Louis iiv 2.281 2,630 1,803 Big Four— Cleveland div... 2,321 2,542 2,139 Totals 22.520 21,329 18.638 Empty cars 5,015 5,721 4,689 Total car movement 27,535 27,050 23,327 East-bound shipments from Chicago for tho week ending Dec. 8 were 133.283 tons, against _110,732 tons for the previous w r eek and 65,371 tons for the corresponding week last year, divided among the different roads as follow’s: Fort Wayne. 20,418 tons; Michigan Central, 5,813; Wabash. 6,103; I>ake Shore, 16.960; Panhandle, 16,934; Baltimore & Ohio, 0.907; Grand Trunk, 12,051; Nickelplate, 13,403; Erie, 12,111; Big Four, 2,133.

Free Transportation. The first printed copies of the agreement governing the issuance of free transportation during 1899 which whs entered into last week by fifty-three Western roads, will be sent to parties interested to-day by Chairman Parker. Though it was announced after the meeting th.it the compact was practically identical with that adopted for 3S9X, a study of the document shows it is a much stronger instrument. Issuance of free transportation is left entirely in the hands of tin executive committee composed of the chairman of the Western Trunk IJne Committee and two or more managing officcrs- of terminal lines at Chicago, St. Louis. Tort Worth, Houston, Kansas city, St Joseph, Omaha and St. Paid Each of the local committees passes upon all requests for passes from its own district, forwarding it to the executive committee for final action. If the general committee decides that any of the transportation recommended should not in- granted ttie request is refused. One section provides that “it is distinctly understood and agreed that no free or reduced transportation shall be issued to influence the securing or routing of business.” It> is provided further that employes passes Shull not be granted except upon the written recommendation of a president. vice, president, general manager or general superintendent. Passes for charitable purposes may be issued at the discretion of the different companies. licit Hoad Traffic. In the week ending Dee. I<> there were transferred over the Belt road 18,731 cars, against 15,2T0 in the preceding week. Belt road engines handled at the stock yards 1,649 carloads of live stock, against 1,483 in the week ending Dec. 3, and for private sw itches on its line 1,104 loaded cars, against 1,019 in the preceding week. Personal. Local anil General Note*. The gross earnings of the New York Central for November were $22.3,000 in excess of those of November, 1*97. The Chicago, Indianapolis & Louisville road earned in November s27o„Vt*; since July 1 the road lias earned $1,504,11*. Charles E. Webster, for fifteen years chief engineer on the ladiigh Valley road, will retire from that position on Jan l. The Lake Erie & Western, for the winter months, has reduced its section gangs from a boss and five assistants to a boss and one assistant. B. McVlcker has been appointed yardmaster of the Panhandle at New Connerstown, with supervision of trains and trainmen at that point. Beginning Jan. I the Lehigh Valley will abolish its independent line agencies. The company tried this once before and then reinstated its agencies. James Toole, an old and respected railroad man, was buried at Columbus, t>., yesterday, tie dying of Bright’s disease at sev-enty-nine years of age. When the Pittsburg & Lake Erie gets the new cars It has contracted for it will have the largest number of Haight cars per mile of any road in the country. Frank Finney, general freight and passenger agent of the Findlay. Fort Wayne Ai Western, has gone to New York to confer with the directors of the read. Major Carnahan, who recently retired as joint agent of the Big Four and the Wabash

at Lafayette Junction, has held that position for thirty years and six months. A. H. Waggoner, who represents the Chicago & Northwestern in this territory, on Wednesday celebrated his sixty-second birthday and his thirtieth year in railroad service. The Pennsylvania lines have notified Western agents to stop shipments of wheat and corn to Baltimore until further notice cn account of a congestion of business at that point. It is stated that the Chicago & Great Western has promised to withdraw its low freight rates on Jan. 1. The reduction was the cause of the annulment <ff all traffic relations by a number of roads. An idea of how badly demoralized freight rates are at Chicago is shown i 1 the fact that last week shipments of provisions w’ore going forward at 10 and 12 cents per 10Q pounds to points where the tariff rate is 30 cents. The Michigan Central, the Grand Trunk and the Canadian Pacifier are said to he trying to secure control of the Grand island bridge. It will probably result in an arrangement by which the three roads can jointly use it. The Lindale building of the railroad branch of the Young Men’s Christian Association, near Cleveland, on the Big Four, will be opened on Wednesday, and President Ingalls and General Manager Schaff will be present and make addresses. Master Mechanic Buchanan, of the New York Central, says it will he a long time before an electric motor will take the place of a steam engine on that road. The Central is now having built at the Schenectady locomotive works thirty large engines. The, Vandalia in the week ending Dec. 10 handled at Indianapolis 2.874 loaded cars, bringing in 1,734 and forwarding west 970. Os the inbound business 196 cars were live stock. The Vandalia is having a heavy inbound business of coal from Clay county. In the recent fire in New York city the offices of the Locomotive Engineering were burned out. and Angus Sinclair, the veteran editor, states that the subscription records were destroyed. He asks that subscribers at once s**nt him their names and postoffice addresses. On Thursday Train 14. the fast mail on the Panhandle, left Indianapolis thirty minutes late and arrived at Columbus but fourteen minutes late, hauling a five-car train on a cold morning. The fifty-five miles from X* nla to Columbus w r ere run in sixtythree minutes. Flour rates from Minneapolis east are now the lowest ever known—l 9% cents. Minneapolis to New York. on domestic flour, and 18 cents on Hour for export. The Chicago Great which initiated the rate, is getting from 103 to 123 carloads of flour from the Minneapolis mills daily. L. I’. Palmer, late chairman of the Joint Traffic Association, passenger department, new signs Ids name to all documents as commissioner of the passenger department. The passenger and freight committees continue to hold their usual meetings but are supposed to refrain from making any joint traffic agreement. Slow progress is making in bringing about a foreclosure sale of tile Louisville, Evansville A Kt. l/iuis. so many are the Interests asking for recognition. The property is so well managed that results are as satisfactory as could be until the road is made an important link in connecting strong lines, which it likely will be when reorganized. F. E. Loomis, of Elmira. N. Y., superintendent of the Tioga division of the Erie Railroad, has been appointed general superintendent of the New York. Susquehanna & Western and of the Wilkesbarre & Erie roads, vice Superintendent McKelvey, resigned, and has been made general manager of the Erie Railroad’s anthracite coal interests in Pennsylvania. The Big Four lines proper handled at Indianapolis last week 9,859 loaded cars, against 10.341 in the corresponding week of 1*97. a decrease this year of 492 loaded cars, which was entirely due to a scarcity of cars to fill orders, w’hich are large beyond all precedent. Last week, how’ever, the Big Four handled 217 more loaded cars tit Indianapolis than in the week ending Dec. 3. It is understood that at the meeting on Wednesday, in Chicago, of the passenger officials of the roads in the Central Traffic Association the special half rates for soldiers and sailors on sick leave and those returning from the war will be withdrawn, as most of the men have been brought home, and some of the transportation gets into hands of persons not entitled to reduced rates. Mention was made recently of a fast run over the Chesapeake & Ohio from Cincinnati to Huntington with a special train carrying President Ingalls. In commenting on this run, Mr. Ingalls said that he would like to guarantee to make the run from Cincinnati to Huntington, counting slow orders and everything. 104 miles, in 164 minutes, any time he can have a half hour's notice and get a good passenger engine. The four Pennsylvania lines handled at Indianapolis last week 4,953 loaded cars, against 4,558 in the corresponding week of 1897, an increase this year of 395 loaded cars. The Indianapolis division of the Panhandle brought in 990 and forwarded east 1.202 loaded cars, and the Indianapolis & Vincennes had an unusually heavy business, bringing in 950 loaded cars. This road is now bringing in about ICO carloads of coal per day. C. L. Mayne, general superintendent of the Fitchburg Railroad, has tendered his resignation, effective Jan. 1. Mr. Mayne was an official under V. T. Malott when he was receiver of the Chicago &• Atlantic, and went from this road to the Fitchburg as general freight agent. On the retiring of W. D. Ewing he was appointed general superintendent. Differences of opinion between Mr. Mayne and President Codman as to details in the office led to the resignation. Apropos of the action of Congress in passing the anti-tieket scalping bill, George W. Boyd, assistant general passenger agent or the Pennsylvania Railroad, says; “It would be too long a story to go into the details of tho frauds that are practiced in the illegal traffic in tickets, or to tell how the scalper often makes forgers of his victims and thieves of otherwise honest men. Al. of these facts have been laid before C digress, and from the enlightenment they have given has grown the sentiment against scalping, which has cfvstallizod into the present law. If the Senate in its wisdom indorses the action of the House the people of the United States will not only enjoy a great measure of nrotection in their rights as travelers but thev will be relieved of a great many of the conditions and restrictions now imposed upon railroad tickets in order to prevent their manipulation by scalpers.”

SALES OF REAL ESTATE. Eight Transfers, with n Total Consideration of J 5141.140. Instruments filed for record in the recorder's office of Marion county, Indiana, for the twentyfour hours ending at 5 p. m. Deo. 19, 1898, as furnished by Theo. Stein, abstracter of titles, corner of Market and Pennsylvania streets, Indianapolis. Suite 229, first office floor. The L melee. Telephone 1760: Cornelia Jane Hamilton to Margaret Ann Bovd et al.. Lot 22, Block 12, North Indianapolis. and lx>ts 28 and 29, Block 39, North Indianapolis $4,500 Emerson L. Gower to Samuel S. Rhodes, part of Lot 143. Julian. Johnson, Rawles Ai Goode's subdivision and addition 463 Dennis Beach to Jacob Greenmail and wife. Lot 21, Indiana Central Railroad Company's subdivision of Outlots 89 and 90.. 800 Levi Ritter to Jennie Brook and husband, Lot 4, Chambers's subdivision o. Irvington 200 James Light to George J. Marott. |>art of southeast quarter of Section 36, Township 17, Range 3 3,000 Henry W. Bade to Mary Brinkman, Lot SO, Meyers’s second addition 400 William G. Teuter to Albert H. Unversaw, 1.-'t 7. Square 22, Beaty's addition 73 Connecticut Mutual Life Insurance Company to George W. Woifard and wife. Lot 2. Curleton's subdivision ot E. T. Fletcher’s second addition 700 Transfers. 8; consideration $10,140 A Mini Ca*e. The Criterion. The late Harold Frederic left liis family in the direst straits. His goods and chattels have already been seized by creditors. The administrator announces that the debts are SIO,OOO and the assets nil. Mr. Frederic was a young man, and was earning year by year a handsome income. His health always, until very recently, appeared to be rugged, and he had no fear of the future. Asa journalist he must have earned at least $7.50 a year; as a novelist he must have received $5,000 more. This makes a very comfortable income, and Mr. Frederic hail a reasonable prospect of enjoying it for twenty years to come. Cut off suddenly, however, he leaves nothing but debts and a destitute family. Two novels were left in manuscript, and one of these, "Gloria Mundi.” has been published. The Saturday Review, of which Mr. Frederic was a star contributor, says that this is not a very good hook, and sums up ail of the writer's efforts in fiction thus- “He was a big man who did “small work.” From his publishers he hat. drawn every penny that he could get in advance of royalties, and the prospects of his widow and family seem peculiarly gloomy. Another Sltlo to the Story. New York Commercial Advertiser. An old sailor, discussing the loss of the Portland, said: "There’s one thing you can always depend on in sailoring—the dead man'll catch it. They say the captain of the Portland was ordered by the owners not to leave tho harbor. It w-ould have been likely he’d have gone to sea after that, in the face of heavy weather, wouldn’t it? If he were alive there might be quite a different tale to tell; but he’s dead, and they’ll throw it on to the dead man every time.’’

THE INDIANAPOLIS JOURNAL, MONDAY, DECEMBER 12, 1898.

NEW RECORD IN STOCKS HIGHEST PRICES OF PRESENT MOVE.YIEXT SCORED OX ’CHANGE. Active Session for Saturday, with Enormous Quantity of Salon-Lo-cal Trade Satisfactory. At New York Saturday money on cal! was steady at 2@2% per cent. Prime mercantile patter, 3%!&4 i>er cent. Sterling exchange was steady, with actual business in bankers’ bills at $4.84%@4.54% for demand and at ?4.81%@4.£2 for sixty days; posted rates, $4.82% and $4.85%; commercial bills, $4.50%. Silver certificates, 59%@60%0; bar silver, 59%c; Mexican dollars, 46%e. At Ixmdon bar silver closed quiet at 27%d an ounce. Exports of gold and silver from New York to all countries for the week aggregated 11,261,240 in silver bars and coin and $767,785 in gold. The imports of specie for the week were $917,374 in gold and $121,000 in silver. The imports of dry goods and merchandise at the port of New York for the week were valued at $6,511,371. The New York weekly bank statement shows the following changes: Surplus reserve, decrease $354,650 Loans, increase 4,561,000 Specie? increase 2,604,200 Legal tenders, decrease 1,143.300 Dej)os!ts, increase 7,262,2% Circulation, decrease 53,900 The banks now hold $16,743,300 in excess of the requirements of the 25 per cent. rule. The New York Financier says: “The statement for the New York clearing house banks for the week ending Dec. 10 indicates an expansion of $4,561,800 in loans and $7,262,200 in deposits* The increase in liabilities, however, as shown in the latter item, makes but little change in the total of the bank reserves, the decrease amounting to about one-third of one million dollars. It is evident that the loans have gone to swell banking credits and incidentally deposits, the gain in cash partly making up for the discrepancy between the two items. The net increase in cash, In fact, very nearly supplied the added reserve requirement and the statement is favorable from a banking standpoint in that use has been found for all the money which came into the institutions last week. As an exemplification of the theory of banking operation outlined by the secretary of the treasury in his annual report last week, the current exhibit of the banks is peculiarly to the point. In detail the present has nothing that throws light on the current situation. The expansion in luans can be traced to three or four of the larger hanks and gains in deposits have been limited, for the most part, to about the same number, it is evident that the loan increase has been due io sterling investments and collateral buying, although there is a steady absorption of commercial paper. The actual petition of the banks with respect to cash changes is at variance with estimates based on the week’s operations. Currency from the interior is moving this way, as is natural at this season. The amount will be increased largely as the January dividend period approaches. On the other hand, the banks are losing to the treasury about as much i.s they gain. The net increase of $1,460,900 in cash for the week, therefore, was unexpected.

AGAINST LOWER RATES. "The seeming ability of the banks to extend their operations in proportion to the excess cash received is an argument against lower rates, even if it does not forecast any degree of ‘firmness. The direction of the new loans, however, Is a matter of interest. As long as they are merely the tangible expression of deferred Europan credits they are dependent on fractional exchange quotations and are likely to show sudden contraction. For this reason it is difficult to judge the future of the money market. The only inference is that rates cannot go higher for more than a very brief period, since such a movement would almost Immediately defeat itself through gold imports.” Total sales of stocks at New York were 402,700 shares, including 3,925 Atchison, 31,864 Atchison preferred, 13,665 Chicago, Burlington & Quincy, 3,059 Denver & Rio Grande preferred, 11,280 Louisville & Nashville, 7,445 Manhattan, 6,850 Metropolitan, 6,900 Hawaiian preferred, .27,700 Missouri Pacific, 3,845 Missouri, Kansas & Texas preferred, 6,736 Northern Pacific, 3,125 Northern Pacific preferred, 19,455 Rock Island, 4,410 Union Pacific, 9,310 Union Pacific preferred, 31,475 St. Paul, 5,350 Southern preferred, 3,000 Wabash preferred, 10,720 Tobacco, 30,725 Federal Steel preferred, 4,335 People's Gas. 5,220 General Electric, 5,702 Pacific Mail, 35,425 Sugar, 7,425 Leather preferred, 4,520 Rubber, 6,419 Western Union. The New York stock market was booming Saturday and on enormous transactions for the short session many high record prices were exceeded for the current upward movement. London followed America’s upward leap of Friday and was buoyant on £t. Paul’s excellent statement for the first week in December. Large interests were again aggressive buyers and had quite a following of commission house support. Immense blocks of stocks exchanged hands, with abundant purchasing orders to care for realizing sales. After a hesitating movement activity and strength became general again, in which standard stocks were well maintained. All grangers advanced from a slight fraction to over a point, the latter in St. Paul. Heavy purchasing orders were placed over night in Missouri Pacific to buy at the opening. Prominent interests in the stock endeavored to open it up as high as possible and the ticker recorded simultaneously sales of 4,5(4) shares from 43 down to 42. Friday's closing price was 41%. The stock betrayed little feature after the first flurry, but continued to be actively traded in and closed well up to the top. Among the industrials General Electric, Sugar, Tobacco. Rubber, Federal Steel preferred and Edison Illuminating were the features and gained a point or more. The rise In Edison amounted to eight isants and three each in General Electric and Rubber preferred. The Atchisons, too, were conspicuously strong. The market closed at the best with a whirl of bullish enthusiasm. * THE WEEK IN STOCKS. • For the week stocks almost without exception rote, in some cases the gains being very large, establishing new price records on the present movement. Professionals failed to depress values at any time materially, as new purchases were ever ready on concessions, leaving the bears to corner short commitments at rising figures. Investment buying sustained standard railway stocks, while speculative activity was drifting in tho specialties and medium low-priced stocks wherein earnings seemed in a measure to warrant the initiation of some dividend declaration or an increase in the present rate, as the case might be. The dissemination of these dividend rumors generally brought out some following. One neglected stock after another would be trotted out to be materially advanced, causing groups of stocks to act incohesively. The general market invariably became dull with declining prices, thus losing but little ground, while when it started upward again great activity ensued. The manipulation of high-priced specialties for a rise was often much In evidence. Railways, which failed for some time to respond to the upward tendency, later joined fully with the general trend of prices. Early in the week telegraph and cable communication, partly Interrupted by the storm, somewhat restricted business, the volume of which subsequently became enormous. Traders saw fit to interpret the President’s message as not being the bull argument they had discounted; but Its better reception abroad thwarted their efforts at depressing prices. There was much in the general situation having a favorable bearing on market conditions. November gross earnings were in excess of 4 i?r cent, over last year; exports, too. surpassed the phenomenal record of last year and bank clearings were next to record figures. Then, too, that so-called burometer of business conditions, the iron and steel trade, was active at enhanced prices. The monetary situation continued easy and there was little feature to the market. The sterling exchange market moved rather erratically, but hardened generally toward the close. Estimates regarding the amount of loans Invested in long bills ranged up to $40,000,000. The coalers were advanced on supposed plans to go into effect next month for a stronger control of the hard and soft coal trade, Delaware & Hudson rising 6%. Norfolk & Western preferred had substantial support on the theory that it was likely to be placed on a regular dividend basis of 4 per cent. Tobacco and Sugar were boosted considerably, one story serving as well as another for the purpose. Metropolitan’s increase in dividend rate to 7 per cent. W’as accompanied by another high record for that specialty. Missouri Pacific received supi>ort on the announcement that its floating indebtedness had been iaid cff. The bond market displayed unusual activity during the week, with the concentration of the dealings in si>eeulative and middle grade issues, which have recently assumed prominence. Considerable strength was manifested throughout, with the net improvements material In many eases. United States old fours, registered, advanced •%. the twos, registered, and the old fours, couimn. ‘4: new fours, % in the bid price. The following table, prepared by L. W. Louis, Room 11, Board of Trade, shows the range of quotations: Open- High- ly>w- ClnsName. lng. est. est. ing. Atchison 16% i% 16% 16% Atchison pref 46% 47 46% 47 Baltimore & Ohio 58% Canada Pacific 83% Canada Southern 54% 54% 54% 54% Central Pacific 34 Chesapeake A Ohio 25% 2ti 25% 26 Chicago a Alton 167% e. it. & q ~.120% 121% 120% 121% C. & E. 1 59% C. & E. I. pref ni C„ <\, C. & Kt. L 43% 43% 43% 43% C., C, C. & St. L. pref 95

Chicago Great Western 14% Chi., Ind A- L 7% Chi.. Ind. & L. pref 34 Chicago & Northwestern... 137% 138 137% 13S Delaware & Hudson 105% D„ L. & W 14S Denver &- Rio Grande 15% Denver & Rio Grande pref 62% Erie 13% Erie first pref 36% Fort Wayne 175 Great Northern pref 137% Hocking Valley 2% Illinois Central 112% Igike Erie & Western 14% I-ake Shore 193 Louisville & Nashville 64 64% 64 64% Manhattan 99% ICO 99 160 Michigan Central 110 Missouri Pacific .. 43 43 42 42% Mo., Kansas & Texas pref.. 33% 36 35% 35% New .Terse” Central 94 9 4 9 4 94 New' York Central 119 119 119 119 Northern Pacific 41% 41% 40% 41% Northern Pacific pref 76% 76% 75% 76 Reading 18% 18% 18% 18% Reading first pref 45% Rock Island 110% 110% 109% 110% St. Paul 115% 116 115% 116 St. Paul pref 164% St. Paul & Omaha 85 St. Paul & Omaha pref i4 Southern Pacific 28 Texas Pacific 15% Union Pacific pref 70% 70% 70% 70% Union Pacific com 38% 38% 38% 38% Wabash 8 Wabash pref 22% Wheeling & Lake Erie 5% Wheeling & Lake Erie pref .... 24% EXPRESS COMPANIES. Adams Express 108 American Express 146 L T . S. Express 54% Wells-Fargo Express 129 MISCELLANEOUS. American Cotton OH 34 American Cotton Oil pref 88% American Spirits 12% 12% 12% 12% American Spirits pref 35 American Tobacco 142 142% 141% 142% American Tobacco pref ~ 127 People's Gas 109% 109% 109'% 109% Consolidated Gas 193% Commercial Cable Cos 175 General Electric 87 89% 87 89% Lead 37% 87% 37 37 Lead pref 112% Pacific Mail 44 44 43 43% Pullman Palace 143 Sugar 134% 135% 134% 135% Sugar pref 113% Tennessee Coal and 1r0n... 32 32% 31% 32 U. S. Leather 6 IT. 8. Leather pref 69% 70 69% 69% U. S. Ruhl>er 46% XT. S. Rubber pref 111% Western Union 95% 93% 95 95% UNITED STATES BONDS. IT. S. Fours, reg 111% U. S.' Fours, coup 112% U. s. Fours, new, reg 127% U. S. Fours, new, coup 127% IT. S. Fives, reg 112% IT. S. Fives, coup 112% U. S. Threes, coup 106% Views of Hcury Clews. Banker Clews, of New York, takes a pessimistic view of the financial situation. In reviewing conditions from a Wall-street standpoint, he says: “The new year now near at hand will present a more brilliant outlook than almost any previous one. The disbursements for interest and dividends will aggregate larger than ever before. Railroad earnings, judging from the amount of material In sight waiting to he moved, will be equally encouraging. The prospective continued ease In the money market is also a factor of no small dimensions. If there, was ever a genuine reason for a January rise in the stock market it is reasonable to expect its advent at the opening of the new year. It is true a good many stocks have already scored a large advance; but as during the depression which prevailed for several years it was very evident that prices receded much below intrinsic values, now, with the reverse conditions which confronts us, prices are not unlikely to reach figures before the end comes as much too high as they were too low (luring our mercantile and financial dark age period from March, to 1896. “In taking a view of the situation our foreign trade balance—which is constantly Increasing—must not be lost sight of, as it is the most remarkable showing ever made by any country. Its total for three years up to date will be. including the net exports of silver, about $976,000,000; deducting from which the net imports of gold, $b>6,000,000, and $500,000,000 for debtor items, other than securities, outside of the trade movement, we should have a net balance t now in our favor of about $320,000,000. This has been offset, however, in some measure, by our purchase of securities from Europe during the three vears; but exactly to what extent it is impossible to say. It is perhaps quite safe to say that the net import of securities does not suffice to offset the credit balance ot $320,000,000 by a considerable sum; so that Europe is probably still materially in debt to the United States; and the indebtedness still due us from abroad gives this country a call on Eurojie for more gold than they can spare without inconvenience. When our securities were depressed they were returned to us from abroad in large quantities instead of sending us gold, and now the floating supply of our bonds and stocks on the other side In the hands of people willing to part with them Is comparatively very small. With the improved condition of affairs on this side and the prestige and high credit which this country now possesses with foreigners, those who hold American securities are not likely to sell them. It is therefore not going to be so easy in the future for nations in debt to this country to liquidate their obligations excepting through gold payments. This gives this country the option of letting this indebtedness remain at European centers at high rates of interest, or of drawing the yellow metal from them at any time it may be desirable to do so. We certainly have now, and will have for some time to come, the call on Europe. They not only appreciate our securities and want to keep what they have, but they want to hold the gold which they owe us too. We are in a position, therefore, to say to them—you must either pay us so much interest on what you owe us or else .settle up. “The movement among the savings banks to reduce their rate of interest on deposits naturally attracts attention as a factor bearing upon the value of securities. In recent years their interest allowance has averaged 4 to 4% per cent. It Is now proposed to reduce the rate to 3% per cent which would represent a cutting down of fully one-eighth, or 12% per cent., in the interest earnings of these institutions. The proposition is a marked evidence of the tendency towards a decline in the earnings of capital, which has been long evident in the interest rate of the national banks, as well as in real estate mortgages and new issues of railroad bonds. The significance of this tendency to the stock market is very evident. For, so far ns the rate of Interest i3 reduced, the relative value of the principal is increased; and thus stocks having a fixed dividend rate, of say 4 or 5 per cent., bring a higher price just in proportion as the difference between their rate and the current average interest rate widens Besides, a reduction in the interest return of any given investment has a tendency to induce the holder to realize upon his security and invest in something that yields a better result; and it so happens that railroad stocks are the principal available resource for making such reinvestments Upon the same principle we find the current demand for railroad mortgages running iat’gely upon a grade of 4 per cent, bonds selling at from 10 to 20 points below par. This drift of reinvestment has already reached a point at which it must tell favorably upon the value of stock issues, and T look for its results in the future ’ course of the market.”

Saturday's* Rank Clearings*. At Chicago—Clearings, $16,744,801; balances, $1,941,660. New York exchange, 5c premium Posted rate:*, $4.82% and S4.BSV>. At Philadelphia—Clearings, $16,411,792; balances, $1,728,722. At Baltimore—Clearings, $5,077,308; balances. $548,087. At New Orleans—Clearings, $1,784,583. At Cincinnati—Clearings, $1,523,450. At New York—Clearings, $190,903,023; balances $9,831,009. At Boston—Clearings, $21,536,157: balances $1,951,597. At St. Louis—Clearings, $5,708,931; balances, $440,773. * LOCAL GRAIN AM* PRODUCE. AVeek of Good Trade, Fine Winter Weatlier Being tlie Stimulant. Trade has been good on the wholesale streets the past week. The weather for a week has been just what was needed to stimulate fall and winter trade and most lines have been benefited by the seasonable weather. All indications are for an exceptionally good holiday trade find a disposition is shown to make gifts of a more valuable character nan during the years of depressed times. Dealers in fancy goods and confectioners are very busy. During the week there were very few changes in values and in dry goods and staple groceries there is a hardening tendency noticeable The hide market is taking better shape. The coal market is the most active of any December in the last seven years. The wool and seed markets are both quiet at unchanged prices. The local grain market shows more activity with receipts on the increase. Track bids yesterday ruled as follows, as reported by the secretary of the Board of Trade: Wheat—No. 2 red, 66c; No. 3 red, 60064 c; December, 66c; wagon wheat, 65c. Corn—No. 1 white, 31 %c; No. 3 white (one color), 31 %c: No. 4 white. 27%@29%c; No. 2 white mixed, 30%c; No. 3 white mixed. SO'-c- No 4 white mixed. 26%®28%c; No. 2 yellow. 31c* No 3 yellow. 31c; No. 4 yellow. 27@29c; No 2 mixed SOHc: No. 3 mixed. 30%c; No. 4 mixed, 26%m%c’ear corn. 28c. Oats—No. 2 white, 29’,ic; No. 3 white, 29c No 2 mixed. 27Ce; No. 3 mixed, 27c. Hay—No. 1 timothy, $7.50; No. 2 timothy, $6.50 @7. lnspecticns—Wheat; No. 3 red. 6 cars CornNo. 3 white, 22 cars; No. 4. 10; No. 3 yellow, V No. 4,1; No. 3 n,ixed, 1; No. 4,3: no grade 2‘ ear corn. 3: total. 43 cars. Oats: No. 3 White ~i car. Hay: No. 2 timothy, 1 car; No. 3, 2; total 3 cars. ’ ’ Poultry anti Other Produce. (Prices paid by ship|>ers.) Poultry—Hens, sc; spring chickens, sc: cocks, 2%c; hen turkeys, young and fat. 7'jc; liens, 6ctoms. sc; ducks. 4c; geese, 40c for full feathered,’ 30c for plucked. Cheese—New York full cream, 10® lie; skims 6nßc; domestic Swiss, I2‘*c; brick, 12c; Jlmhurger’ 10c. Butter—Choice, ll%c; poor, (egßc; Klgin creamtry, 21c. Eggs—Candied, 20c per doz. Feathers—Prime geese, 30c per lb; prime duck, \o{tl7c per lb. Beeswax—3>)c for yellow; 25c for dark. Wool—Medium, unwashed. 17®18e; tub-washed, 20®25c; bufry and unmerchantable, 5c less. Honey—lo® 13c ier lb. Game—Short-blii snipe, 11.30®1.40 per doz. Ducks, Mallard, $3.75 per doz; other wild ducks.

$202.25 per rloz. Rabbits, SWMc. Prairie chickens, $5. Venison, 20®22c per lb. HIDES, TALLOW. ETC. Green-salted Hides—No. 1, BVic; No. 2,74 c; No. I caif, 10c; No. 2 calf, 84c. Grease—White. 3c; yellow, 24c; brown, 2Vic. Tallow—No. 1,3 c; No. 2, 2%c. Bones—Dry, sl2® 13 per ton. THE JOBBING TRADE. (The quotations given below are the selling prices of the wholesale dealers.) ('nndies and Sots. Candles—Stick, 64®6%c per lb; common mixed, 64® 7c; G. A. R. mixed, 6Vic; Banner twist stick, 8c; cream mixed, 9c; old-time mixed, 7c. Nuts—Soft-shelled almonds, 11® 13c; English walnuts, 9®l2c; Brazil nuts, 10c; Alberts, 11c; peanuts, roasted, 7@Bc; mixed nuts, 10c. Cnnoed Good si. Corn, [email protected]. Peaches—Eastern standard 3-lb, $1.75® 2; 3-lb seconds, $1.2501.50; California standard, $2.10®2.40; California seconds, $1.7502. Miscellaneous—Blackberries, 2-lb, 65070 c; raspberries, 2-lb, 90@93e: pineapple, standard. 2-lb, $1.1001.20: choice, $202.50; cove oysters. 1-lb, full weight, Ss@9sc; light - , 60@65c; string beans, 700 80c; Lima beans, $1.1001.20; peas, marrowfats, ssc<gsl.lo; early June. 90c@$1.10; lobsters, sl.Ss@2; red cherries. 90c® $1; strawberries, 80®'95c; salmon, 1-lb, [email protected]; 3-Ib tomatoes, 90@95c. Dry Goods. Bleached Sheetings—Androscoggin L, sc; Berkley, No. 60, 64c; Cabot, sc; Capitol. 4V*c; Cumberland, 54c; Dwight Anchor. 6c; Fruit of the Loom, sVic; Farwell, sVic; Fitchville, sc; Full Width, 4c: Gilt Edge, 4c; Gilded Age, 34c; Hill, 5V4c: Ifope, 6c; Linwood, 54c; Lonsdale, 5%c: Peabody, 4c; Pride of the West, 104 c; Ten Strike, sc; Peppered, 9-4, 15c: Peppered, 10-4. 164 c; Androscoggin, 9-4, 154 c; Androscoggin, 10-4, 17c. Brown Sheetings—Atlantic A. 54c; Argyle, 44c; Boott C, 4c; Buck's Head, sc; Clifton CCC, 4%c; Constitution, 40-inch, 54c; Carlisle, 40-inch, 6c; Dwight’s Star, 6c; Great Fads E, 44c; Great Fads J. 4>c; Hid Fine, sVic; Indian Head, 54c; Peppered R, 4Vjc; Peppered, 10-4, 15c; Androscoggin, 9-4, 14c; Androscoggin, 10-4, 154 c. Prints—Aden dress styles, 4c; Aden’s staples. 4c; Aden TR, 4c; Aden's robes, 4c; American indigo. 4c, Arnold long cloth B, 7V4c; Arnold LLO. 6V4c; Cocheco fancy, 4c; Cocheco madders, 4c; Hamilton fancy, 4y.sc; Merrimac pinks and purples, 4%c; PaciGc fancy, 44c; Simpson’s mourning. 3%c; Simpson’s Berlin solids. sc; Simpson’s oil finish, 6c; American shirting, 3c; black white, 34c; grays, 34c. Ginghams—Amoskeag staples, sc; Amokeag Persian dress, 6c; Bates Warwick dress, 54c; Lancaster, sc; Lancaster Normandies, 6c; Renfrew dress styles, 6c. Kid-finished Cambrics —Edwards, 2%c; Warren, 24c; Slater, 2%c; Genesee, 2%c. Grain Bags—Amoskeag, $13.50; American, $13.50; Harmony, $13.50; Stark, sl6. Tickings—Amoskeag ACA, 9c: Conestoga BF. 114 o; Cordis, 140. 94c: Cordis FT, 94c; Cordis ACE. 10c; Hamilton awnings, 8c; Kimono fancy. 17c; Lenox fancy, 18c; Muthuen AA, 10c; Oakland AP, 54c; Portsmouth, 104 c; Susquehanna, 114 c; Shetucket SW, 6c; Shetucket F, 64c; Swift River, 44c. Drugs. Alcohol. $2.5202.60: asafetida, 25030calum, 2Vi 04c; camphor, 40044 c; cochineal. 500530; chloroform, 580 65c; copperas, brls, 75@85c; cream tartar, pure, 30033 c; indigo, 65@S0c; licorice, C'alab., genuine, 30040 c; magnesia, carb.. 2-oz, 23@30c; morphine, P. & W., per oz. $2.5002.75; mader, 14 ®l6c- oil, castor, per gal, $101.10; oil, bergamot, per lb, $2.25; opium, $3.8504; quinine. P. & W., per oz, 31036 c; balsam copaiba, 50060 c; soap, castile, Fr., 12016 c; soba bicarb., 4406 c; Epsom. 403 c; sulphur, flour, s@6c; salßieterx 80 14c; turpentine. 43® 48c; glycerine, 15017 c; toAjde potassium, $2.500 2.60; bromide potassium, 55@60c; chlorate potash, 20c; borax, 9@l2c; cinchonida, 20 @2sc; carbolic acid. 30@32c. Oils—Linseed, 36038 c per gal; coal oil, legal test, 7®l4c; 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. Flour. Straight grades, $4.5004.75; fancy grades, $5,750 6.25; patent flour, $606.50; low grades, [email protected]; spring wheat patents, $6.5006.75. Groceries. Sugars—Citv Prices—Dominoes, 5.75 c; cut-loaf, 6c; powdered, 5.63 c; XXXX powdered, 5.75 c; standard granulated, 5.50 c; fine granulated, 5.50 c; extra fine granulated, 5.63 c; coarse granulated, 5.63 c; cubes, 5.69 c: mold A, 5.75 c; diamond A, 5.50 c; confectioners’ A, 5.38 c; 1 Columbia A—Keystone A, 5.18 c; 2 Windsor A—American A, 5.13 c; 3 Ridgewood A—Centennial A. 5.13 c; 4 Phoenix A —California A, s.o€c; 5 Empire A—Franklin B. sc; 6 Ideal Golden ex. C—Keystone B, 4.94 c; 7 Windsor ex. C—American B, 4.88 c; 8 Ridgewood ex. C—Centennial B. 4.81 c; 9 yellow ex. C—California B, 4.75 c; 10 yellow C— Franklin ex. C, 4.69 c; II yellow—Keystone ex. C, 4.63 c; 12 yellow—American ex. C, 4.56 c; 13 yellow—Centennial ex. C, 4.56 c; 14 yellow—California ex. C, 4.50 c; 15 yellow, 4.60 c; 16 yellow, 4.50 c. Coffee—Good, 10012 c; prime, 12014 c; strictly prime, 14016 c; fancy green and yellow, 18022 c; Java, 28@32c. Roasted—Old government Java, 324® 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, 9.65 c; Caracas, 9.65 c; Dillworth’s, 10.15 c; King Bee, 10.15 c; Mail Pouch, 10.15 c. Flour Sacks (paper)—Plain, 1-32 brl. per 1,000, $3.50; 1-16 brl. $5; 4 brl, $8; Vi brl, sl6; No. 2 drab, plain, 1-32 brl, per 1,000, $4.25; 1-16 brl, $6.50; % brl, $lO 4 brl, S2O; No. 1 cream plain 1-32 brl, per 1,000, $7; 1-16 brl, $8.75; 4 bri, sl®so; V 4 bri, $28.50. Extra charge for printing, $1.1001.15, Salt—ln car lots, 80085 c; small lots, 90093 c. Spices—Pepper, 12018 c; allspice, 15@18c; cloves, 18025 c; cassia, 15@18c; nutmegs, 65075 c per lb. Beans—Choice hand-picked navy, $1.3001.35 per bu; Limas, California, 44@4%c per lb. Wcodenware —No. 1 tubs, $5.7506; No. 2 tubs, $4.75®5; No. 3 tubs, $3.7504 ; 3-hoop pails, sl.4Q@ 1.50; 2-hoop pails, $1.20® 1.25: double washboards, $2.2502.75; common washboards, $1.2501.50; clothes pins. 50060 c i>er box. Molasses and Syrups—New Orleans molasses, fair to prime, 2S@33c; choice, 35040 c; syrups, 18® 5h0t— 51.3001.35 per bag for drop. Lead—G4@7e for pressed bars. Twine —Hemp, 12018 c per lb: wool, 8®10c: flax. 20030 c; paper, 25c; jute, 12015 c; cotton, 18@26e. Wood Dishes—No. 1. |er 1,000, $202.25: No. 2. $2.2502.50: No. 3. $2.500 2.75; No. 5. $303.25. Rice—Louisiana, 44064 c; Carolina, 64084®. Iron itnd Steel. Bar 1r0n—1.5001.60c; horseshoe bar, 24@2%c; nail rod, 7c; plow slabs. 24c; American cast steel 8@llc; tire steel, 2403 c; spring steel, 44 @3c. Leather. Leather—Oak sole, 27@30c; hemlock sole, 24® 26c; harness, 32@37c; skirting, 38@42c; single strap, 38041 c; city kip, 60085 c; French kip. 9Oco $1.20; city calfskin, 90c@$1.10; French calfskin, $1.2001.85. Produce, Fruits and Vegetables. Apples—Common to good, $304; bulk apples, $2.00 per brl. Pears —Kiefers, sl. Grapes—New York grapes, pony basket, Catawbas. 15c; Tokay grapes, $202.25 per crate. Figs—California, $1.2501.40 per box. Cranberries —$6.5008 per brl; $2.2502.75 per crate. Oranges—Mexican, $3.75 per box: Florida oranges. $3.7504 per box; California navels, $4.25. Lemons—Messina, choice, 300 to box, $3.75; fancy, $4.25. Persimmons—sl per 24-pint crate. Bananas—Per bunch. No. 1, $101.75. Cocoanuts —400 45c per doz. Lima Beans—oc per lb. Potatoes—White, 4Gc per bu; red, 40c per bu; $1.2001.35 per brl. Sweet Potatoes—Baltimore, 50c per bu; $101.50 per brl; Jersey sweets, $1 bu; brl, $3; Illinois, $2.25 brl; 75c bu. Cabbage—4oossc per brl; Holland seed, $1 brl. Onions—sl.2s per brl; Spanish onions, $1.25. Turnips—7sc per brl. Parsnips—sl.so per brl. Celery—Michigan and northern Indiana, 20025 c per bunch. Honey—White, 15@16c; dark, 12c per lb. Chestnuts—6@Bc per lb. Cider—s4.so per brl; half brl, $2.60. Provision!!. Hams—Sugar-cured. 18 to 20 lbs average, 840 9c; 15 ibs average, BV4@9V4c; 12 lbs average, 8% ®94c. Bacon—Clear sides, 40 to 50 lbs average, 64c; 30 to 40 lbs average, 6%c; 20 to 30 lbs average, 6%c; bellies, 25 lbs average, 6V 4 c; 18 to 23 lbs average, 64c; 14 to 16 lbs average, 7c. Clear backs, 18 to 22 lbs average. 64c; 14 to 18 lbs average, 6%c; Bto 10 lbs average, 6%c. In dry salt, 4c less. Shoulders—lß to 20 lbs average, 6c; 15 lbs average. 6c; 10 to 12 lbs average. 64c. Lard— Kettle-rendered. 6%c; pure lard, 64c. Pork—Bean, clear, sl3; rump, $lO.

AT >EVV YORK. Ruiinur I‘rieen In Product* at the Seaboard's C ommercial Metropolis. NEW YORK, Dec. 10.—Flour—Receipts, 18,731 brls; exports, 19,120 brls. Market quiet, but firmer; Minnesota patents, [email protected]; Minnesota bakers, $2.55@3; winter patents, [email protected]; winter straights, [email protected]; winter extras, 12.65®2 90; winter low grades, [email protected]. Com meal firm; yellow Western, 75@76c. Barley malt steady; Western, 60®7<)c. Wheat —Receipts, 246,970 bu; exports, 95,611 bu. Spot Aim; No. 2 red, 73%c, f. o. b. afloat. Options firm and advanced strongly on covering in near-by options, impelled by bullish Argentine news and damage reports from Illinois; closed , - , gic net higher. Sales Included: No. 2 red, cash and March, 72'4@73 3-16 c, closed at 73%c. Corn —Receipts, 845,450 bu; exports, 75,560 bu. Spot firmer; No. 2. 40%c, f. o. b. afloat. Options opened steady and sold up with wheat, closing firm and higher; May, 3$ 7 /g@39'Ac, closed at 39Vsc. Oats—Receipts, 33.600 bu; exports, 3,720 bu. Spot firmer; No. 2, 30%® 31c; No. 2 white, 32c. Options quiet. Hope steady; State, common to choice, 1896 cron, 7@Bc; 1897 crop, ll@13c; 1898 crop, 19# 21c; Pacific coast. 1896 crop, 7@Bc; 1897 crop, 11 @l3c; 1898 crop, 19@21c. Cotton-seed oil quiet; prime crude, 17',4c; prime yellow, 21@22c; prime crude, f. o. b. mills, 1354@14c; prime- summer yellow, 21 @22c as to quality; off summer yellow, 20c asked; butter grades, 25@27c; prime winter yellow. 275 27t£cI prime white, 28c. Rice firm; domestic, 454@6%c; Japan. s>4®st4c. Molasses firm; New Orleans open kettle, good to choice, 29@34c. Coffee —Options opened steady at unchanged prices; ruled dull, but displayed firm undertone on less favorable crop news, increased strength of slot holder*, good warehouse movement and in sympathy with bulls; closed Ann at a net gain of s@lo points. Sales, G.C6O bags. Including: December, [email protected]; January, 5.65 c; March. 5.70# 5.80 c; May. 5.85©5.90c; October, 6.05 c. Spot coffee—Rio firmer; No. 7, invoice 6>Ae, jobbing 7c. Mild steady; Cordova, S@l4c. Sales in good demand, but sellers conservative and offered sparingly. Sugar—Raw film; fair refining, 315-16 e; centrifugal, 96 test, 4 7-16 c; molasses sugar, 311-16 c. Refined steady; mold A, s'ic; standard A, 3Rc; confectioners’ A. 5%c; cut-loaf, s\c; crushed, 5%c; powdered, 5%:; granulated, s 'Ac, cubes, Sffcc.

MARKETS RULED FIRM SHORTS FRIGHTENED TO COVER ON SLIM REAR NEWS IN WHEAT. Receipt* in the Northwest Expected to Fall Off Next Week—Provision! Stroup; and Higher. * 21ICAGO, Dec. 10.—Wheat to-day ruled firm closed at an advance of %c for May and V4c for December. The continued shipping out all-rail of wheat delivered on December contracts and evidence of a decrease of farmers’ deliveries in the Northwst made shorts uneasy. Corn and oats were firm without any noteworthy change In prices. Provisions were strong and advanced 74 ol2c. The opening in wheat was barely steady, though at a slight advance over yesterday's closing prices. Crop reports from Argentine were again influential, advices from there stating that wheat was being damaged by rains, but this was offset in a measure by the action of the Liverpool market, which showed a closing decline of 4d. The weakness of the foreign market was rathpr unexpected and held buying In check for a time. Besides the Liverpool decline, bears had to comfort themselves by a favorable Michigan State crop report and a very limited demand at ’he seaboard. Advices from the Northwest, however, were practically unanimous in claiming that farmers' deliveries in that section were sure to fall off sharply next week. That there was some good claims were shown by Minneapolis and Duluth reporting arrivals of 934 cars to-da compared with 1,432 last week and 6SB a year ago. Chicago receipts were 195 cars, though few of contract grade. Shorts grew restive and covered extensively. Offerings were limited and a good deal of difficulty was experienced in covering large lines, the result being quite a sharp advance in prices during the first hour’s trading. December showed the most strength. The demand for December wheat was very good from the start, confirmatory of reports that contract wheat was being shipped out all-rail almost as quickly as delivered, revealing a situation that was not at all to the liking of shorts. Later Argentine reports were contradicted, but any effect this might have had was offset by reports from California, telling of high winds and dry weather, necessitating a lot of replanting. Outside markets were all strong and this also helped to maintain prices, which, however, did not apparently need much outside assistance. Toward the close there was a general realizing, mostly from tbe local traders, and the market eased off somewhat. May opened a shade higher at 654065140, advanced to 65%c and eased off to 654 c, where it closed. December ranged from 63%c to 64%c and closed at 640644 c. Com was dull, but firm. The visible decrease was small, only 250,000 bushels, cables were unchanged and country advices suggested a freer movement, but the wheat strength refused to sustain prices. The cash demand was restricted by the inability to procure cars. Receipts were 324 cars. May ranged from 33%@33%c to 34c fnd closed 4c higher at 33%c. In the main oats followed wheat and corn ar.d at the close of the session ruled firm and did a small volume of business. Trading was almost entirely of a scalping nature. The market tated off somewhat on Monday’s liberal estimates end the favorable shipping weather. Receipts were 147 cars. May ranged from 254 cto 264 c and clos;d a shade higher at 25%@26c. There was a good trade in provisions and prices at the start were higher. Hog receipts were liberal, but packers sold reluctantly and buyers, of which there were plenty, had some difficulty in filling their contracts. The week’s shipments of meats were liberal, encouraging buyers. There was also some covering by shorts, who did not like the strength of grain. At the close May jiork was 124 c higher at $9.35, May lard 74c higher at $5,324 and May ribs 740104 c higher at $4.80® 4.824. Estimated receipts for Monday—Wheat. 310 cars; corn, 725 cars; oats, 445 cars; hogs, 50,000. Leading futures ranged as follows: Open- High- Low- ClosAitlcles. ing. est. est. ing. Wheat—Dec 63% 64% 63% 644 May 654 65% 654 654 July 644 64% 644 64% Corn—Dec 33 33% 32% 32% May 33% 34 33% 33% July 344 34% 344 34% Oats—Dec 36% 25% 25% 25% May 26% 264 25% 26 Pork—Jan $9.22% $9.35 $9,224 $9-324 May 9.45 9.60 9.45 9.55 Lard—Jan 5.174 5.174 5.15 5.15 May 5.25 5.35 5.25 5.324 Ribs—Jan 4.574 4.65 4.574 4.65 May 4.75 4.824 4.80 4.82 4 Cash quotations were as follows: Flour steady; winter patents, $3.4003.50; straights, $3.1003.20; spring specials, $3.9004; spring patents. $3.2003.50; spring straights, $2.6003; bakers, $2.40. No. 3 spring wheat, 614063 c; No. 2 red, 6740684 - No. 2 corn, 33%@33%c; No. 2 yellow, 33%058%c. No. 2 oats. 264027 c; No. 3 white, 27*,®28%c. No. 2 rye, 54c. No. 2 barley, f. o. b., 33050 c. No. 1 flaxseed, $1.01; Northwestern, $1,064. Prime timothy seed, $2.25. Mess pork, per brl, $8.0508.10. Lard, per 100 lbs. $5.05.06,124- Short-rib sides (loose), $4.5504.75; dry-saited shoulders (boxed), $4.2504.374; short-clear sides (boxed), $4.8004.85. Whisky, distillers' finished goods, pier gal, $1.26. Sugars—Out-loaf, 5.95 c; granulated, 5.45 c Receipts—Flour, 33,000 brls; wheat, 176.000 bu; corn, 319,000 bu; oats, 467.000 bu; rye, 40,000 bu; barley, 94.000 bu. Shipments—Flour, 30,000 brls; wheat. 83,000 bu; corn, 291,000 bu; Oats, 231,000 bu; rye, 107,000 bu; barley, 18,000 bu.

TRADE IN GENERAL. Quotations at St. Louis, Baltimore, Cincinnati and Other Places, ST. LOUIS, Dec. 10.—Flour dull. Wheat higher for options, with spot y t c up; No. 2 red, ■ ash, elevator, 69c bid; track, 69#69Vac; December, 69'Ac bid; May, 6S%c bid; July, 64c; No. 2 hard, cash, 64@65c. Corn—Futures Arm and higher. Spot higher; No. 2, cash, 31%0 bid; December, 31V*c; May, 324@32%c. Oats—Options fractionally higher. Spot steady to higher; No. 2, cash, 2714 c bid; track, 27V4c; December, 27'Ac bid; May, 27*4c; No. 2 white, 2914 c. Rye quiet at 52c. Flaxseed firm at 98c. Prime timothy seed nominal. Com meaJ, [email protected]. Bran firm; east track, sacked, 56c. Huy dull, but firm; prairie, [email protected]; timothy, [email protected]. Cotton ties, 62c; bagging, 6@‘S 1 4c. Whisky steady at $1.26. Butter weak; creamery, 17@22'4c; dairy, 14#18c. Eggs firm at 19c. Pork higher; standard mess, jobbing, $8.32',4. Lard higher; prime steam, $5.05; choice, $5.10. Dry-salt meats —Boxed shoulders, $4.26; extra shorts, $4.75; ribs, $5; shorts, $5.1214. Bacon—Boxed shoulders, $5; extra shorts, $5.50; ribs, $5.6214; shorts, $5.75. Receipts—Flour, 2,000 brls; wheat, 28,000 bu; corn, 67,000 bu; oats, 38,000 bu. Shipments—Flour, 7,000 brls; wheat, 26.C00 bu; corn, 27,000 bu; oats, 12,000 bii. LIVERPOOL. Dec. 10.—Wheat—No. 2 red Western winter dull at 6s 2d; No. 1 red Northern spring dull at 6s 14 <l. Corn—Spot, American mixed, old, steady at 35814d; December quiet at 3* S4Bd; January. nothing quoted; March quiet at 3s 6tyd. Flour—St. Louis fancy winter steady at Bs. Beef—Extra India mess steady at 67s 6d; prime mess steady at 62s 6d. Pork—Prime mess, fine Western, steady at 50s; prime mess, medium Western, steady at 47s 6d Hams—Shortcut, 14 to 16 lbs, firm at 34s 6d. Bacon—Cumberland cut, 28 to 30 lbs. dull at 34s 6<l; shnrt-ril)*, 20 to 24 lbs, strong at 23*; long-clear middles, light, 35 to 38 lbs, easy at 295; long-clear middles, heavy. 40 to 45 lbs, easy at 28s; short-clear backs, 16 to 18 lbs, steady at 295; clear bellies, 14 to 16 lbe, easy at 34s 6<l. Shoulders—Square, 12 to 14 lbs, firm at 23s 6d. Lard—l’rime Western dull at 47s 3d. Cheese—American finest white firm at 475; colored firm at 4014*. Tallow—Prime city steady at 19s 9d. BALTIMORE. Dec. 10.—Flour dull and unchanged; receipts. 21,237 brls; exports, 12,001 brls. Wheat firmer; spot and month, 71@7114c; January. 7114@71'4c; steamer No. 2 red, 68c bid; receipts, 112,812 bu; exports. 82,276 bu; Southern wheat by sample, 67@71 , 4c: Southern wheat on grade, 68*4#71 Vc. Corn strong; spot and month, 3914® 39%c; December, new or old, 38%@38 7 4c; steamer mixed, Ss'4@3ss4c; receipts, 172,451 bu; exports, 206,230 bu: Southern white com, 36@39c; Southern yellow, 35-%@3884c. Oats dull; No. 2 white, 33c asked; No. 2 mixed,,3l@32c; receipts, 24.989 bu; exports none. Butter steady and unchanged. Eggs firm and unchanged. Cheese steady and unchanged. MINNEAPOLIS, Dec. 10.—Wheat strong: December. 62*/fc; May, C3l.ffi€34tic; ,on track. No. 1 hard, 64c; No. 1 Northern. 63c; No. 2 Northern, Glc. Flour—Millers have done a substantial business in flour during the past week. Foreign and domestic buying has been good and millers have sold their output and moie. First patent*. $3.55® 3.65; second patents, $3.53©3.45; first clears. $2.60 @2.70. TOLEDO, Dec. 10.—Wheat dull, hut higher; No. 2, cash and J>eoember. GSUc; Mar, 6964 c. Com dull, but steady; No. 2 mixed, 34'4c. Oats dull, but eteadv; No. 2 mixed, cash and May. 27c, Rye dull, but steady; No. 2. cash. 54c bid. Clover seed dull, but higher: prime, old, $4.10; new, cash and December, $4 42V*.. CINCINNATI. Dec. 10.—Flour easy. Wheat quiet; No. 2 red nominal at 67Vjc. Corn easy: No. 2 mixed, 28# 2814 c. Rye steady; No. 2. 57c. l,ard •steady at $4.90. Bulk meats steady at $4.70. Bacon easy at $5.75. Whisky steady at $1.26. Butter dull. Sugar firm. Eggs firm at 19c, Cheese firm. Batter, Eggs ami Clieeae. NEW YORK, I>eo. 10— Butter— Receipts, 4.290 packages. Market firm: Western creamery, 1414 ®2oc; Elgin*. 20c: factory. 12®14V4c. Cheese—Receipts. 2.96*8 packages. M..et firm; large white, 10c; small white. 10*4# 10%c; large colored, 10c; small colored. 10'4®lW*o. Eggs—Receipts, 4,352 package*. Western, 25c. PHILADELPHIA. Dec. 10.—Butter Ann and lc higher; fancy Western creamery, 22c; fancy Western print*. 23c. Egg* firm- fresh Western. 24®25c; fresh Southwestern, 22c; fresh Southern, 22c. Cheese firm. CHICAGO. Dec. 10.—On the Produce Exchange to-day the butter market wag weak; creamery,

14019 c: dairy, 13®18e. cheese steady at 840104 c. Eggs firm; fresh. 220224 c. KANSAS CITY, Dec. 10.—Butter steady; separator cream. 19c; dairy, 16c. Eggs higher; fresh candled Missouri and Kansas stock, 21c, cases returned. Wool. LONDON, Dec. 10.—There was a good attendance at the wool auction sales to-day. The market was active and atrong. Small catalogue* were offered, with prices generally at prices. The number of bales offered was 7,711. which included a few good lines of New South Wales and Queensland medium merinos sold readily. Cross breds, largely slipes. were keenly competed for. The following 1* the sale In detail; New South Wales—l. 800 bales; scoured, ®4d®ls 4d: greasy. 6%d01s Id. Queensland—3.loo hales; scoured, 1 4d® 1* 4d; greasy, 509d. Victoria—7oo bales; scoured. Isld®ls4d; greasy, 6% ®ll4d. New Zealand—l.3oo bales; scoured, 64d ®ls 4d; greasy. sdols 4d. Cape of Good Hope and Natal—2oo bales; greasy, 509%d. The arrivals during the week number 63.694 bales. Including 11,500 forwarded direct. NEW YORK, Dee. 10.—Wool quiet; fleece, 17# 22c; Texas, 11® 14c. Dry Good*. NEW YORK, Dec. 10.—The upward movement in print cloths continues, a further advance of l-16c being made to-day, 28-Inch. 64-squares. r,ow 2%c and other goods on relative basis. The general demand for cotton goods was again considerable and the week's business was quite satisfactory. The tone of the market nt the close was very firm and prices wore a hardening appearance in most directions. Cotton yarns were more firmly held, but prices were only occasionally %c per pound higher. Woolen goods are steady In tone, but the demand to-day was quiet in both men's wear fabrics and dress good*. Oils. OIL CITY, Dec. 10.—Credit balance*. $1.17; osrtifioat<s opened at $1.18; closed at $1,184. Sale*, 3,060 brls cash oil at $1.20%; shipments. 98.831 brls; runs. 40,845 brls. WILMINGTON. Dec. 10.—Spirits of turpentine firm at ?6V 4 0 3fi%c. Rosin firm at 974c®51.024 ('rude turpentine firm at $1.3002. Tar firm at sl.lO. SAVANNAH, Deo. 10.—Spirits of turpenttns firm at 37c. Rosin firm and unchanged. Metnla. NEW YORK, Dee. 10.—Pig iron dull; Southern, $10.23011.25: Northern, $10.25011.75. Copper quiet; brokers. 12.75 c. Lead quiet; brokers, 3.45 c. Tin plates quiet. ST. LOUIS, Dec. 10.—Lead quiet at 3.5003.524 c. Spelter dull at 5.124 c. Dried Frails. NEW YORK. Dec. 10.—California dried fruits quiet; evaporated apples, common, 708 c; prims wire tray, 84®; choice, 9®9%c; fancy, 10c. Prunes, 40104 c. Apricots—Royal, 11014 c; Moor Park, 14 @l7c. Peaches— Unpeeled, 840134 c; peeled, IS# 2Cc. Cotton. NEW ORLEANS, Dec. 10.—Coton firm; sale*. 3,000 bales; ordinary. 3%c; good ordinary, 4 5-16 c; low middling, 4 11-16 c; middling, 54c: good middling, 5%c; middling fair, 64c; receipts, 1L403 bales; stock, 436,004 bales. LIVE STOCK. Cattle Quiet and Dull—Hogs a Shade Lower—Sheep Steady. INDIANAPOLIS, Dec. 10.—Cattle—Receipt* light; shipments light. There were but few fresh arrivals. The market was quiet at barely steady prices and sales were very slow. Exports, goad to choice $4,900 5.25 Killers, medium to good 4.50® 4.80 Killers, common to medium 4.000 4.30 Feeders, good to choice 4.000 4.40 Stockers, common to good 3.000 4.00 Heifers, good to choice 4.000 4.40 Heifers, fair to medium 3.500 8.80 Heifers, common and light 3.000 3.40 Cows, good to choice 3.50® 3.80 Cows, fair to medium 3.00® 3.25 Cows, common and old 1.500 2.60 Veals, good to choice 5.000 6.50 Veals, common to medium 3.000 4.50 Bulls, good to choice 3.500 3.80 Bulls, common to medium 2.750 3.25 Milkers, good to choice 35.00045.00 Milkers, common to medium 20.00030.00 Hogs—Receipts, 8,000; shipments, 2,000. Receipts continue quite liberal. The quality was fair. The market opened weak and a shade lower on mixed and light grades and closed very quiet, with all sold. Heavy $3.3503.424 Mixed 3.2603.8*4 Lights 3.2003.25 Pigs 3.0002.15 Roughs 2.7608.15 Sheep and Lambs—Receipts light; shipments none. The supply was very light and there was but little business transacted, except by local buyers, at prices about the same as previously noted. Sheep, good to choice $3.6004.00 Sheep, fair to medium..; 3.2003.50 Stockers, common to medium 2.0003.00 Bucks. |>er head 3.0005.00 Spring lHmbs, good to choice 4.2605.00 Spring lambs, common to medium 8.2504.00

Eliewhere. CHICAGO, Dec. 10.—The cattle market to-day was litlte more than a nominal one. Very few lots were offered and they were disposed of at prices unchanged from yesterday. The week ha* been a good one for sellers of well-fattened beeves, holiday cattle bringing high price*. But receipts of half-fat cattle have been much too large and prices for such lota have declined sharply. The market as a whole closed In fairly good condition. There was a good demand for hog* from. Chicago packers and prices ruled steady, with alea at [email protected] for common to choice light and $3.28 @3.45 for poor to prime heavy weights, the bulk of the hogs .selling at [email protected] The best hogs sold 2Vjc lower than a week ago. Most of the pigs sold at [email protected]. Receipts of sheep and lambs were very light and the market in consequence was almost nominal. Lambs were quoted at [email protected] for Inferior to prime flock*. Yearlings sold at s4® 4.65 and sheep at [email protected], few going over 14.10, Receipts—Cattle, 100; hogs, 28,000; sheep, 8,000. KANSAS CITY, Dec. 10—Cattle—Receipts, 230. Prices unchanged. Improved demand this week for fancy dressed beef steers and good butcher stock at advanced prices of from 10c to Kc; common half-fat cattle alow at about steady price*; the supply of stockera and feeders too light to satisfy demands and selling 10® 15c higher. I>ate sales: Choice native steers, [email protected]; medium, $4.25 @5; light weights. s4@6; Stocker* and feeders, s3® 4.50; butcher cows and heifers, $2.65@>4.50; butcher bulls. [email protected]; veal calves, s£@l2.Bo; Western steers. [email protected]; Western stock cows, $2.76® 3.75; Texas steers, $2 90@>4.85; Texas butcher cow*, [email protected]; canning stock, [email protected]. Hogs—Receipts, 7,060. Market steady to 5c higher; while supply for week was liberal, demand was equally a* good; trading to-day active at same price* as thin day last week; heavies, S3.Bg @3.40; mixed. [email protected]; light*. $3.1503.80. Sheep—Receipts, 100. Price* unchanged; supply this week of good slaughtering stock not equal to demand; meet desirable lambs gelling 25c higher; good mutton grade* active at from steady to a shade higher prices; cold weather checked the demand for stockers and feeders, the best bunches selling about steady: common lota slow and lower: lambs. $5®5.60; mutton*, [email protected]; common killers, [email protected]; feeding lambs, $3.76® 4.25; feeding sheep, $3.2503.80; stockers, [email protected]. ST. LOUIS, Dec. 10.—Cattle— Receipts, 600. Including 150 Texans; shipments. 1,100. Market steady to firm for choice to extra native steers ;• others lower and Texans 15c off for the wdek; fair to fancy native shipping and export stedrs. [email protected]. bulk at [email protected]; dressed beef and butcher steers. $3.50® 5.30, bulk at [email protected]; steer* under 1.000 lb*. $304.15, bulk at [email protected]; stockers and feeder*. [email protected], bulk at $2.9004: cows and heifers. [email protected], bulk of cows. $2.25®3; Texas and Indian steers, $2.5<)®4.25, bulk at s3.Bt> 4.20; cow* and heifers. $2.3503.50. Hogs—Receipt*, 5,000; shipments. 600. Market steady to strong; Yorker*. $3.15(03.30; packers, [email protected]: butcher*. [email protected]. Sheei>—Receipts, ICO; shipment* none. Market dull, but steady: native muttons, [email protected]; cull* and bucks, [email protected]; stockers. $1.8502.50; lamb*, $ 405.60. NEW YORK. Dec. 10.—Beeves—Receipts, 778; no trading; feeling steady. Fables unchanged. Exports, 593 cattle. 60 sheep and 4.570 quarters of beef. Calves—Receipt*. 616, mainly direct. Feeling steady; veals, [email protected]; common Westerns, $2.50. Hogs—Receipts. 1,224. Market nominally firm at [email protected]. Sheep and lambs-Receipt*. 3.134. Shstp steady; lambs, [email protected]; sheep, s3® 1.50; culls, [email protected]; lamb* 10®2oc lower. CINCINNATI. Dec. 10.-Cattle steady at $2.50® 4.75. Hogs active and steady at [email protected]. Sheep steady at 15.25@4; lambs steady at $408.25. Union Stock Yards • ! R. R. Shl * I & Co.'s Anti-Trust Lira Stock Market Report. Indianapolis. Ind., Dec. 10. 188)1. We had heavy receipts to-day for Saturday. Our market was strong on all kinds. We wrt way short of filling our orders; got but ten doubla decks for Squire A Cos., and had orders for fifteen double. Our receipts have gained every week since we were put out of business, and the country shippers are coming to our rescue nobly. While we are getting fifteen to forty loads dally, It Is not half enough to fill our orders. We hrve •hipped Sixty-one double deck* to Squire thl* week, and could have shipped 100 If we could have got them. We have had trouble to fill our Wheeling orders, as they call for 250 averages. Wt have had some of our orders for Wheeling and other point* tilled In Cleveland and Chicago. Wt can use all kind* from now on and want all lb* good pig* we can get next week, a* our customer* want them for Christmas. Our receipts this week have been more than double those of last week. Our market ha* been 2'4c to 7s4c higher than tha Trust, and you make a mistake if you do not ship your hogs to us. or come In unconsigned so that we can get a show to buy them. Moat of tha country shipper*, that come in unconslgned. taka them away from the Trust and sell them to us. The Trust *enda money to the country to pay for hogs, and, of course, we cannot get these that belong to men that receive the money. W quote prime 250 to 350 averages at $3.37*4 to $3.48, and 200 to 240 average at $3 30 to $3.37t. and 188 to 190 average at $3.20 to $3.30. Our commission is one-half what the Trust charges. Our commtseion 1* the same for buying as it Is for eell!ng—s3 per deck. It is more work to buy than it is to sell, so we charge the same for both buying and gelling. Wt send no money to the country to pay for hogs, but will pay drafts that art drawn ou the same If shipment and stock Is 8a yard*.

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