Indianapolis Journal, Volume 49, Number 23, Indianapolis, Marion County, 23 January 1899 — Page 7

THE L. A. KINSEY CO., INCORPORATED. CAPITAL, S2S,OOO—FL’LL PAID. —BROKERSChicago Grain and Provisions, New York Stocks. Lons Distance Telephone. 1375 and 1592. 11 and 13 West Pearl Street Cincinnati Office, Room 4, Carlisle Building;. MONFV 4 V^% t06 %- /VI V/ItLw I SI,OOO and upward, loaned on Improved Property. Interest graded according- to location and character of security. No delay. C. F. SAYLES, 135 East MarkctSt. AGRICULTURAL DECADENCE. A1 Theory Which May Account for the Kunh to the Cltlett. To the Editor of the Indianapolis Journal: I venture to call attention to one phase of the subject of agricultural decadence which, it seems to me, has not had the attention it should. If our young people—and presumably the better class of them at that —are leaving the farms and flocking to the already overcrowded cities, there must be a reason for it, and I do not believe that it is pecuniary considerations altogether that Induce them to leave comfortable homes for a risk among strangers. Youth is peculiarly the time when we insist upon our guaranteed American right, the pursuit of happiness; and If these young people Imagine the pursuit will be more successful in the city, if its stir and excitement are confounded in their minds with the genuine article, if they feel that the farm is dull and ionely and too slow r for any one with a proper ambition, they are very likely to seize the first opportunity to leave It. And it takes a pretty levelheaded young man or woman to stay contentedly in the country when it is poured into their ears from every side what an undesirable place it is; they know that people in cities look upon them with pity, if not something worse; they can scarcely pick up a paper without coming across some allusion to the deadly monotony of farm life, the sorrowful, hopeless lot of the overworked farmer’s wife, etc.; and how often do they hear the remark, "I’d rather die than live in the country!” And yet, having done all they can to create a sentiment against rural life, people wonder at and deplore the congested condition of the cities. Furthermore, if we train our sons for the occupation of farming, can we blind our eyes to the fact that then the odds will be against them in the race of life? Can it be denied that if a young man learns to sell pins and needles over a counter, or schemes to defeat justice as a lawyer, or digs in people’s horrid, decayed teeth and microbeinfested mouths, certainly the most inherently menial of occupations, he will stand a better chance politically, socially, matrimonially. for that matter? Isn’t he made aware from his infancy almost that he is a "country 3ake,” and so handicapped at the start? Doesn’t every funny column thrive upon jokes on the “hayseed,’’ the “jay,” the “mossback?” Who doesn’t know that ridicule is the most potent of weapons? A fe v years ago, while visiting in one of our large cities, I was the recipient of a call from a man and his wife who I knew were Dn my list of objectionable acquaintances. Mr. was a bookkeper in a lumber yard, and he was an awkward, ill-favored little man. nothing he ought to be blamed for, certainly; but he belonged, evidently, to the “other kind” of people; he wore an ill-kept suit, and his negligee shirt was guiltless of cuffs or necktie; he brought his (guitar with him, to our sorrow, and his wife also favored us with several excruciating numbers upon the piano, both of them seemingly trying to make themselves agreeable; but in the course of conversation Mr. happened to ask me "what business my husband was in.” The shock of surprise that showed itself In his face when I confessed to being the wife of a farmer was a glowing compliment to me. for he evidently hadn't suspected such a thing; he was unfortunately lacking in that repose of manner that stamps the cast of Vere de Vere; his training hadn’t included the concealment of the emotions, so he was Unable to make me any reply whatever. But the contrast between the appearance of that dullvisaged, unprepossessing little man and the vision that rose before my mind of mv own stalwart spouse in his “good clothes,” with spotless linen and tie, and his face lit up with animation, would have been too much for my risibles had it not been for the unmistakable genuineness of my aristocratic caller’s embarassment. I could but see that he was really shocked. Os course, it may be said that he was a vulgar and coarse man, too Ignorant to conceive how mistaken his ideas of social distinction were; but are such ideas confined altogether to his class? Os course, we all know that farming is really a noble calling, and that all sensible people recognize it as such—in theory; but do they in practice? How many parents who are ambitious for their children’s future would train their sons to be farmers, or insist that their daughters should be farmer’s wives? Much could be written as to the advantage of country life, but its charm can be understood only by those to whom it is given to understand it: it is like spiritual things, spiritually discerned. No doubt people are waking up to the fact that the rush toward the cities affects the welfare of every one more or less direely, and we may count upon self-interest doing a good deal toward breaking down false social standards; common sense is growing to be more and more a factor in settling ail questions; but at the present time we are confronted by a condition; young people are leaving the farms and flocking to the cities. I cak the readers of the Journal who are i.iterested in such matters If this theory as to the cause has not some foundation in actual fact? ONE OF ’EM. Rockville, Ind., Jan. 21.

RAILROAD JACK’S HAMMOCK. A Tramp Who Hn* Traveled Free Over 100,000 Mile*. New York Journal. Traveling under a box ear in a hammock is a method of progression few men have indulged in. The ordinary tramp is too lazy and too unimaginative to construct such a conveyance or to use it if made for him. But Harry D. Cooper, who is known under the alias of “Railroad Jack the Hammock Rider,” has traveled for ten years in this manner, has visited many of the States and covered over 100,000 miles. He has acquired his alias from a rudely constructed hammock, which he invented to assist him in journeying over the land without buying tickets every time he wants to execute a change of base. He calls the hammock his annual pass, and is now using the tenth of the series. The trap is made of heavy canvas strung on a couple of strong iron bars, titted with hooks at the ends. These hooks are fastened to the supporting bars of a box car or sleeper, and the traveler is secure inside the hammock. Cooper says that it was ten years ago, while stranded in Denver. Col., that he devised the hammock which he has successfully used ever since. His first attempt was on the night of April 10. 1889, when he took his hammock two miles east of Denver and patiently waited at the junction of the Kansas Pacific and Cheyenne division of the Union Pacific Railwav for an east-bound train. In order not to arouse the suspicion of those w'hom he might meet he wore a pair of blue overalls, a blue frock and a cap, so as to have the appearance of an ordinary car inspector. The scheme proved so successful that since that time he has traveled through thirtv States and skimmed over I(W.(W miles of railroads without knowing what it is to pay car fare. Asa protection from the dust, gravel and wind the hammock has a cover which Cooper can draw over him. He rides more comfortably on a Pullman oar than a box car, for the reason that a Pullman car is wider and allows him to lie in his hammock at full length. Under a box ear he is compelled to ride in a sitting posture. Railroad men seldom interfere with him as he causes no trouble. Besides this, his appearance is that of a typical railroader, and as he travels almost exclusively after night he is seldom detected. Contrary to the general run of the knights of the box car, Railroad Jack has good habits and aspires to l>e something better. He neither smokes nor chews and leads this life, no doubt, for the same philosophical reasons which prompted Diogenes to select a washtub as a place of residence. It is his present intention to gather data and In a short time write a book of his life. He is now thirty-four years old. and hia mysterious ways make him an object of interest. At Detroit he has a house built on wheels, where he resides, and it 1* called the house that Jack built.

WILD SCRAMBLE TO BUY WEEK CLOSED WITH A NEW SATURDAY RECORD FOR WALL STREET. London Has Finally Begun to Bid for American Stocks, and Prices Boom —Local Trade Active. ♦ At New York, Saturday, money on call was nominally at 2\ 2 'u3 per cent. I’rirne mercantile paper, per cent. Sterling exchange was steady, with actual business in hankers’ bills at $4.843<iti;4.55 for demand and at $4.82%^4.83 for sixty days; posted rates. and commercial bills, $4.81^(4.82. Silver certificates, nominal, sfl*4'g6o l ,ic: bar silver, 39%c; Mexican dollars, 47%,e. At London bar silver closed in fair demand at 27 9-16d an ounce. Imports of dry goods and merchandise at the port of New York the past week were valued at $8,232,448. The exports of gold and silver from this port to all countries for this week aggregated $926,000 silver bars and coin and $1,086 gold. The. imports of specie this week were $1,700,146 in gold and $123,989 silver. The New York weekly bank statement shows the following changes: Surplus, reserve, Increase $6,430,600 Doans, increase 3,507,600 Specie, increase 8,888,500 Legal tenders, increase 857.200 Deposits, increase 13,268,400 Circulation, decrease 168,800 The banks now hold $34,693,G75 in excess of the requirements of the 25 per cent. rule. The New York Financier says: “The banks of New York gained $9,747,805 In cash last week, mainly in the form of specie. The heavy Increase in gold was due to the treasury disbursement, to receipts from Europe and San Francisco and smaller transfers from other points. The cash expansion, owing to the relatively small loan increase, greatly swelled the surplus reserve and the gain in this item for the week was no less than $6,630,600, bringing the total idle excess to a point well over $35,000,000, the highest figure, in fact, recorded since August last. Much interest has been excited by the slowness with which loans are advancing in the face of a stock market and industrial conditions never before paralleled in activity. One theory that finds ready acceptance is that the present speculative craze finds its course in investment buying and that securities are being paid for and taken out of the market, instead of being used as collateral. There is some room for this conjecture, but the operations of the banks for a week past do not reflect it. While the gross ionn expansion was but $3,5tA),000, a detailed analysis shows that a gain was made in spite of a loss of $5,01-1,000 in loans by one verj large institution, which is heavily interested in sterling investments and treasury disbursements. Whether this loss represents the maturity of outstanding foreign credits or operations with the treasury js not Known, but it is true that to meet the decrease and report the gain noted the other clearing-house banks must have increased their loans over $*,000,600. Operations with the treasury are of unusual importance at present, since the heavy surplus of the banks, not only here, out all over the country, is largely uue to the $80,0(K),v33 or si’\oCo,C3o of government deposits held by them. EFFECT OF LOW RATES. "The present enormous volume of speculation, based on the country’s prosperity, is still dependent on these deposits as assuring low money rates and any policy Icoking' toward their withdrawal or reduction would, no doubt, check the violent advan es which have a marked characteristic of late. More than that it would put money on a plane where profits are possible, providing gold imports did not immediately follow. As it is, the New York banks find it impossible to use the money now flowing to this center and the movement has only begun. The very presence of these funds onlv tends to exaggerate unsound speculative conditions.”

At New York the total sales of stocks Saturday were 762,200 shares, including; Atchison, 34,020; Atchison preferred, 70,745Canada Southern, 10.210; Central Pacific! 7,200; Chesapeake & Ohio, 7,360; Burlington! 8,150; Cleveland, Cincinnati Chicago <V St. Louis, 16,020; Delaware & Hudson, 3,501; Deliver & Rio G-rande preferred, 7 210Illinois Central, £0,520; LcuLviile & Nashville, 12, £20; Manhattan, 29,320; Metropolitan 4,750; Reading preferred, 5,720; Minnesota & St. Louis, 4.100; Missouri Pacific, 24,210; Missouri, Kansas & Texas preferred, 5.200’ New York Central, 29,320; Northern Pacific, 15,020; Northern Pacific preferred, 11,420Rock Island, 7.668; Union Pacific, 56,620; St! Paul. 9,850; Southern Railway, 5,200; Suuthern Railway preferred, 10,200; Union Pacific preferred, 90,02); Wabash preferred, 4,200Paper, 9,820; Cotton Oil, 5,000; Tobacco,’ 3,780; Steel, 19,720; People's Gas, 7,050; Brooklyn Transit, 8,100; Pacific Mail, 3,125; Sugar, 14.520; Tennessee Ccal and Iron. 6,90); Leather. 6,310; Western Union, 14,920; Chcago Great Western, 13,850. The New Y r ork stock market Saturday was exceptionally active and remarkable advances were made in many shares, the extreme gains being in investment issues. The average of prices was higher than in years and the volume of trading in stocks and bonds was the largest yet traded in on a Saturday. Had the two hours' session been extended to five hours as on other dav-3. and had the same rate of trading continued, there would have been $14,000,003 bonds and 1,900,000 s’oek dealt in. Investors, weary of waiting for a substantial reaction, seemed panic-stricken to place their money. The opening quarter of an hour was the most excited in_ sympathy with the booming market for New York Centra! on the London exchange. All the Vanderbilt shares made sharp advances on rumors concerning the plans of the controlling interests of the New York Central. The street, judging by the course of the market, gave credence to these reports, but nothing was given out in regard to the plans which w’ere said to involve closer relations between New York Central, Chicago & Northwestern and Union Pacific, although an unnamed director of the latter company was quoted as making a denial as far as the Union Pacific Company was concerned. New Y"ork Central made tin extreme advance of 8%. Union Pacific 2% for the common and 5% for the preferred, and Northwestern London moved upward all day and it is estimated purchased about 53.CC0 shares in New York, although the London exchange closed before the New Y'ork market opened. There w-as heavy realizing in some stocks during the advance in the Vanderbilts, but all offerings were readily taken. Commission orders were so large that some floor brokers having more than they could well attend to, had to refuse orders. The fractional declines that occurred were due to the suspicion on the part of the traders that prices were bid up in the interest of sellers. The appearance of the bank statement, assuring, as it did, an abundance of money, exerted a strong influence and a renewal of confident pur; chases. The closing was strong, but at recessions from the best figures. The more important gains for the day, outside of the Vanderbilts, Union Pacific and Atchison, were Groat Northern preferred. 2. and Evansville & Terre Haute preferred. 2. The declines were fractional, excepting Hawaiian Commercial. 3%; Pullman, 2, and Western G.ts, 1. National Biscuit common closed at a loss of after a previous advance of 5%. Sugar. American Tobacco, Manhattan. People's Gas and Federal Steel were weak. RUNAWAY STOCK MARKET. The stock market the past week was treated to a daily average of a million shares dealt in, making allowance for the short session of Saturday, and on three days the dealings were in excess of a million. Saturday was a fitting close of the remarkable week, the highest prices of recent years being attained in many stocks. There were various potential influences at work, the most important of which being the continuance of easy money, very favorable trade reports, especially the improvement in the iron business, large railway earnings and the government’s foreign trade statement for the year, showing an excess of $521,261,000 of exports over imports for the year, against $357,091,000 in 1637. which was the highest record before last year. The exports were the largest and the imports the smallest since 1535, although the consuming population is about one-third larger than at that time. Moreover, December exports were the greatest of any month in our history. The money public controlled the stock market, it having grown too large for any leader or pool to manipulate. A period of irregularity and hesitancy on realizations set in after the initial burst of strength on Monday. Scale orders to buy at concessions by midweek overcame traders’ efforts to make quick profits on the short side by catching atop loss orders. As the market

THE INDIANAPOLIS JOURNAL, MONDAY, JANUARY 23, 1899.

advanced renewed confidence appeared and gained In momentum for the rest of the week. The buying was particularly pronounced In the dividend paying stocks. London, In all, sold over 150.000 shares on balance, but in the latter part of the week repurchased more than half that amount. The reversal of London's position followed the Bank of England’s reduction in its discount rate from 4 to 3%. Material advances were recorded in the grangers. New York Central and Pennsylvania, which exerted a healthful Influence on the rest of the list, St. Paul's $140,000 increase in gross earnings for the second week in January, Omaha’s increase of 1% per cent, in the dividend rate and the talk of advantages to accrue to Burlington should its bonds be refunded on a lower basis, were the influences in the granger group, all of which made new record prices for many years. Burlington made the largest gain of 6 points, although the refunding story lacked confirmation and was denied in some quarters. Rock Island gained 4 points, St. Paul 3% and Northwestern 4%. The A’anderbilt stocks were all very strong, New York Central leading with an advance of 13% on talk of an issue of New- York Central bonds to take in Northwestern and Union Pacific. Pennsylvania’s advance of 4% was on gossip as to the probabilities concerning 6 per cent, dividend on the stock. Advances in the Pacific ranged up to 8% per cent, in Union Pacific preferred. Exceptions were Southern Pacific and Pacific Mail, which were easier. A reported agreement with a rival concern to charge identical prices for the refined article was a pretext for squeezing the shorts in Sugar over 4 points. American Steel and Wire stocks were manipulated both ways on its plan of securing new companies, and ended with a gain of 10% for the common and 15 for the preferred. New Y"ork Air Brake fluctuated wildly, rising 26 points and dropping over 19, with a subsequent recovery, making the net gain 10%. Among the specialties to show strength were Tennessee Coal and Iron. Metropolitan and Manhattan, the latter rising 8%. It was said that new blood was to be infused into Manhattan, but this was denied by the present management. Railroad bonds exhibited marked strength withs the inquiry embracing gild-edged as well as the usually neglected issues. The material improvement in the high-grade stocks prompted extensive trading in bonds w-here opportunities for enhancement in values seemed favorable. United States new fours, registered, and fives advanced %c; the old fours, registered, the new fours, coupon, and the fives, registered. %, and the threes % per cent, in the bid price. The following table, prepared by L. W. Louis. Room 11, Board of Trade, shows the range of quotations: Open- High- Low- Closing- est. est. in*.

Atchison 23% 24 23% 21% Atchison pref Cl 62% 60% 62%. Baltimore & Ohio 67% Canada Pacific 85 Canada Southern 5.8 60 58 59% Central Pacific 17% Chesapeake & Ohio 26% 27 26% 26% Chicago X- Alton 168% 0., li. & Q 139 139% 138 138% C. <fc E. I 64% C. & E. I. pref 114% 0., c., c. X- St. L 47% 43% 47% 49% C.. C„ C. X St. L pref 96 Chicago Great Western 16% Chicago, lnd. X- L 8% Chicago, Ind. & L. pref 32 Chicago & Northwestern 149% Chicago X N. W. pref 190 Delaware & Hudson 114 D . L. & W 158 Denver X Rio Giande 20% Denver X R. G. pref 72% Erie 15" < line Ist pref <O% Foit Wayne P 2 Great Northern pref 166 Hocking Valley 2% Illinois Central 121 Lake Erie & Western 17 Lake Erie X W. pref 66 Lake Shore 200% Louisville X Nashville .... 67% 67% 67% 67% Manhattan 117117% 114% 114% Michigan Central 112 Missouri Pacific 17% 47% 46% 17% M.. K. X- T. pref 37% 39% 37% 38 New .Terser Centra] 103 103% 103 IC3 New York Central 134% 140% 134% 137% Northern Pacific 49% 46% 4'% 49 Northern Pacific pref 81% 80% 80 80% Reading 22% 23 22% 23 Reading Ist pref 58 Rock Island 121% 12!% 120%. 12*1% St. Paul 123 123 12>% L'B% St. Paul pref 168% •St. Paul X Omaha 99% 99% 38% 99% St. Paul X- Omaha pref 172 Southern Pacific 36 Texas Pacific 18% T'nion Pacific com 49% 50 49 50 Union Pacific pref 79% S3 1 - 79% 8;:-% Wabash 8 Wabash pref 24 Wheeling X: Lake Erie Wheeling X- L. E. pref 26 EXPRESS COMPANIES. Adams Express 108% American Express 138 C. S. Express 56 Wells-Fargo Express 125 MISCELLANEOUS. American Ootton Oil 36% American Cotton Oi! pref 89% American Spirits 13% 13% 13% 13% American Spirits pref 35% American Tobacco 147% 147% 146 146% American Tobacco pref 137 People’s Gas 112% 112% 111% 111% Brooklyn Rapid Transit 12 Consolidated Gas 1P2% Commercial Cable Cos 175 General Electric 102 102 101% 102 Federal| Steel 53% Federal Steel pref 153% Lead 40% 40% 39 39% Lead pref 114 Pacific Mail 46% 46% 45% 40% Pullman Palace 156% Sugar 133 153% 131% 131% Sugar pref 113 Tennesse Coal r.nd 1r0n... 29% 40% 39% 29% U. S. Leather 7% V. S. Leather pref 75 75 73% 74% IT. S. Rubber 47 T T . S. Rubber pref 114% Western Union 95% 95% 95% 95% UNITED STATES BONDS. U. S. Fcu;s, reg 112 U. S. Fours, coup 112% U. S. Fouis, new, reg 128% U. S. Fours, new coup 129% U. S. Fives, reg 111% U. S. Fives, coup 112% U. S. Threes, coup 107% VIEWS OF HENRY CLEWS. Henry Clews, in his weekly New York financial letter, says: “The stock market continues to show- a high range of activity, and, in spite of the persistent efforts of room traders to break prices, strength has been the preponderating feature in nearly every class of securities. This is more than has been expected in some quarters. There have been, and still are, cautious people who think that, as a rule, prices have risen pretty near to the danger point; and there are others who think that is true of a limited but important range of stocks. Some of these have become sellers and more have taken a waiting attitude, expecting and predicting a good break in the market. This, however, has not happened. “The failure of these expectations is in some measure due to these judgments having been based upon experiences of the sort ot market we have had for a past number of years, lacking staying power and being backed by a faltering and feeble ‘outside’ support. It is not to be overlooked, however, that the position of the market now includes elements of strength such as has not existed for many years. Rarely, in the experience of Wail street, have we witnessed a situation so strongly favoring the buying of securities. All the elements that have excited distrust for years have disappeared, and the country is universally believed to be entering upon an era of prosperity surpassing all former experience. These estimates of national prosperity are not mere dreams of sanguine speculators, they are accepted by the soberest minds and are demonstrated by an unbroken array of statistical evidence; and the continued extraordinary earnings of the railroads? are conclusive proof of the great activity of general trade. Beyond these considerations, it is to be noted that an extraordinary amount of funds, representing the earnings of this propserity, is continually accumulating in Wall street, and seeking employment either in permanent investment or transient speculation. This element also exceeds all precedent. We have thus a wholly extraordinary accumulation of elements conducive to high prices for securities. “This estimate of the elements affecting the market is almost universally admitted on the Stock Exchange. But there are those who say; admitting all this, it is not to be forgotten that prices have already responded to these favorable conditions and quotations are now high enough and, in some notable cases, too high.’ This may be true, or it may not. Much depends on the standard of judgment. If we have in view such conditions as existed say in 1897 and part of 1898, this estimate is not to be questioned. But if our verdict is to be based upon the conditions affecting values at the present moment, there is much less room for such a conclusion. In the presence of the unquestioning confidence tl.at now exists and of the exuberant hopes that prevail on every hand, operators are prepared to form expectations and to take risks which they would decline under ordinary conditions; and therefore it does not follow that, because prices are as high now’ as they were at the top of the “bull” movement in the fall of 1897, they are therefore dangerously inflated and may burst at any moment. It is to be counted as a certainty that, with the present great abundance of outside means in the market and with ihe extraordinarily sanguine tone of feeling thnt exists among operators great and small and also with the assured prospective ease in money, the high water murk of 1899 will not correspond with that of any year during the last decade. With such a sanguine feeling as now exists, there is no little probability that speculation may run beyond normal limits and prices materially exceed intrinsic values. From a practical stand-point, the question is not so much— Whether prices ought to go higher, as whether, under such a spirit of speculative elation as now exists, they can be prevented from going higher. This, It geems to me,

is the real question at the moment; and while the temper of the market is too intangible to prophesy upon, I do not regard it as by any means impossible that the existing ’soll’ movement may prove persistent enough to carry values many points higher, especially in securities which have received least attention, before any important reaction appears. “Wall street takes little notice of the apparent doubt whether the present Senate will ratify the treaty of peace; for the sufficient reason that the new Senate would certainly do what the Democratic element in the qutgoing house may allow partisan feeling so prevent them from doing. It is quite certain that an extra session of Congress will be called immediately after March 4 to ratify the treaty if the present one fails in the discharge of its duty. “The prospects of the home money market are virtually conclusive in favor of a continuance of easy rates of interest. The European markets are working towards a smoother condition; which is indicated in the Bank of England’s reduction of its discount rate on Thursday from 4 to 3% per cent. “The official monthly statement of imports and exports shows that, in December, the exports of merchandise exceeded the imports by $83,426,000. which is by far the largest monthly creditor balance in the history of our foreign trade. We have thus another large addition to the balances due to Amercia resting in Europe and subject to our call. What may be the present total of those funds, it is not easy to say; but it seems quite possible that they may materially exceed current estimates. The official returns show’ that the exports, including specie, for the calendar year 1898, exceed the imports (also Inclusive of specie) by $504,218,000. It is hardly possible to conceive that the uncertain items, outside this bal-ance-such as the net movement in securities, interest payments, travelers’ credits, ocean freights, etc.—can exceed half that; from which may be inferred the magnitude of the true balance due us from other countries. The total imports and exports of the last three calendar years were as follows: —lmports.1898. 1897. 1898. Merchandise ....$633,634,000 $742,595,000 $681,579,000 Gold 158.036,000 34,020.000 104.i31.000 Silver 29.029.000 33,082,000 30,279.000 M’d’se & 5p’ie.5820,699,000 $809,697,000 $516,589,000 —Exports.— 1898. 1897. 1896. Merchandise .$1,254,925,000 $1,099,709,000 $1,005,537,000 Gold 16,195,000 34,276,000 38.257,C00 Silver 53,797,000 58,661.000 64,057,000 M’d’se & 5p.51,324,917,000 $1,192,646,000 $1,108,151,000 Less Imports. 820,699,000 809,697,000 816,589,000 Excess of ex. Saturday’s Bank Clearings. At Cincinnati —Clearings. $1,681,450. At Philadelphia— Clearings, $17,247,333; balances, $2,160,333. At Baltimore—Clearings, $5,337,983; balances, $637,043. At New York—Clearings, $239,494,339; balances, $15,619,045. At Boston— Clearings, $23,752,703; balances, sl,944,523. At St. Louis—Clearings, $5,108,553; balances, $1,317,714. At New Orleans—Clearings, $2,135,268. At Chicago—Clearings, $19,368,464; balances, $2,328,567. New York exchange, 20c premium. Sterling exchange, posted rates, $4.53%@4.85%; actual, $4.83®4.35; sixty days, $4.81%@4.84. LOCAL GRAIN AND PRODUCE. • A Good Week’s Trade and Few Changes in Values Noted. Inquiry shows that on the wholesale streets the trade of the week ending Jen. 21 was very satisfactory and strong and steady prices were the feature. In dry goods and some lines of drugs advances were made. In groceries strong prices ruied, but no changes of importance. The ncn and leather markets are very firm and trade active. On Commission row the weather was such as to admit of shipping perishable goods, and the commission men had a good week for January. Oranges declined 25c per box and lemons ruled easy on a light demand. Apples, if choice, bring luxury prices. In vegetables much the same prices 1 revail as for some weeks past. The provision market ruled steady. Receipts of hogs are still large. ’lhe flour market shows mere activity at unchanged prices. Tiade with the reed merchants is improving somewhat, in other lints there were no new features. The local grain market was more active than in the preceding weeks of the present month. Receipts of corn were liberal and of other cereals light, while all cereals are In active request at the following range ot prices, as furnished by the secretary of the Board of Trade: Wheat—No. 2 red. 69c; No. 3 red, 614168 c; December, 69%c: wagon wheat. 69c. Corn—No. 1 white, 35%c-; No. 3 white (one color), £6%c; No. 4 white, 31%®33> 4 c; No. 2 watte mixed, 3dc; No. 3 white mixed, 35c; No. 4 white mixed, 3i@33e; No. 2 yellow. 35 %c; No. 3 yellow. 35%c; No. 4 yellow, 31%@33%0; No. 2 mixed, 85%c; No. 3 mixed, 35c; No. 4 mixed, 31@33c; ear corn, 34 %c. Oats—No. 2 white, 30%c; No. 3 white, 30c; No. 2 mixed, 29%c; No. 3 mixed. 2Sc. Hay—No. 1 timothy. $8; No. 2 timothy, $6.50@7. cember, 69c; wagen wheat, 69c. Inspections: Wheat—No. 2 red, 2 cars; No. 3 red. 1 car; total, 3 cars. Corn —No. 3 w’hite, 13 cars, No. 4 white. 1 car; No. 3 yellow, 3 cars; No. 3 mixed, 5 cars; r.o grade, 2 cars; total, 26 cars. Oats—No. 3 mixed, 2 cars. Poultry and Other Prod nee. (Prices paid by shippers.! Poultry—Hens, 6c; spring chickens, Cc; cocks, 3c: hen turkeys, young and fat, B%c; young toms, 6%c; old hens, Cc; toms, 4c; ducks, 4c; geese, 4c for full feathered, 3c for plucked; capons. fat. 9c; small, ®Bc. Cheese—New York full cream. 10®lie; skims, C@Se; domestic Swiss, 12%c; brick, 12c; lltnburger, 10c. Butter—Choice, 10c; poor, Gig’Sc; Elgin creamery, 21c. Eggs—l3c. Feathers—Prime geese, 30c per lb; prime duck, 10® 17c iter lb. J’.eeswax—?oc for yellow; 25c for dark. Wool —Medium, unwashed, 17<§T8e; tub-washed, 20®25c; burry and unmerchantable, 5c less. Honey—lC® 13c per lb. Game—Rabbits, 65®70c. Venison, lS@2oc per lb. Opossum, 2C®2sc apiece. HIDES, TALLOW. ETC. Green-salted Hides —No. 1,9 c; No. 2. Sc; No. I calf, 10c; No. 2 calf, B%c. Grease—White, 3c; yellow, 2%c; brown, 2%c. Tallow—No. 1,3 c; No. 2, 2%c. Bones—Dry, sl2®T3 per ton.

THE .lOBBIIVG TRADE. (The quotations given below are the selling prices of the wholesale dealers.) Candles and Nuts. Candies—Stick, 6%®6%e per lb; common mixed, 6%@7e; G. A. R. mixed, 6%c; Banner twist stick, 8c; cream mixed, Sc; 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, 75c©51.25. Peaches—Eastern standard 3-lb, $1.75®2: 3-lb seconds, [email protected]; California standard, $2.10®2.40; California seconds, $1.75®2. Miscellaneous—Blackberries, 2-lb, 65@70c; raspberries, 2-lb. 90@95c; pineapple, standard, 2-lb, [email protected]; choice, $2®2.50; cove oysters, 1-ib, full weight, 83@95c; light, 60®65c; string beans, 70® 90c; Lima beans, [email protected]; peas, marrowfats, 85c®$1.10; early June, 9Cc®sl.lo; lobsters, $1.85®2; red cherries, 90c®$l; strawberries, 80@95c; salmon. 1-lb, 90e®51.85; 3-lb tomatoes, 90@95c. Coal and C'oice. Anthracite, per ton, $7; Brazil block, $3; Island City lump, $2.75; Paragon lump, $2.75; Jackson lump, $4; Pittsburg lump, $4; C. & O. Kanawha lump, $4; VVlnlfrede lump, $4; Blossburg smithing, $5; smokeless, $4; lump coke, per bushel, 10c; crushed coke, per bushel, 12c. Drugs. Alcohol. $2.56®2.65; asafetida. ?s®3oe; alum. 2% @4c; camphor, 40®tic; cochineal, 50@55c; chloroform, 58®65c; copperas, brls, 75@85c; cream tartar, pure, 30@33c; indigo, 65@S0c; licorice, Calab., genuine, 30®40c; magnesia, carli., 2-oz, 25@30c; morphine, P. & W., per oz., $2.4£@2.65, madder, 14 ®l6c; oil, castor, per gal, $1®1.10; oil, bergamot, per lb, $2.25; opium, $4; quinine, P. & W., per oz, 31@36c; balsam copaiba, 50@60c; soap, castile, Fr.i 12@16c; soda bicarb., 4%@!6c; salts. Epsom, 4®sc; sulphur, flour, o@6c; saltpeter, 8® 14c; turpentine, So@ssc; glycerine. 15@17c; iodide potassium, $2.50®2.60; bromide potassium, 55@60c, chlorate potash, 20c; borax, 9@l2c; cinchoni<ja, 20 @2sc; carbolic acid, 30@32c. Oils —Linseed, 41®43c 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 ]ier gal extra. Dry Gomls*. Bleached Sheetings—Androscoggin L, sc; Berkley. No. 60, 6%c; Cabot, 5%c; Capitol. 4%c; Cumberland, 5%e; Dwight Anchor, 6c; Fruit of the Loom, 5%0; Farw’ell, 5%e; Fitehville, sc; Full Width, 4%c; Gilt Edge, 4%c; Gilded Age, 3%c; Hill, 5%e; Hope, 5%c; Ltnxvood, 5%c; Lonsdale, 5%c; Peabody. 4e; Pride of the West. 9%c; Ten Strike, sc; Pepperell. 9-4. 15c: Pepperell, 10-4, 16%c; Androscoggin, 9-4, 15%c; Androscoggin, 10-4, 17c. Brown Sheetings—Atlantic A, 5%c; Argyle, 4%c; Boott C, 4c; Buck's Head, sc; Clifton CCC, 4%c; Constitution, 40-incb, 5%c; Carlisle, 40-inch, 6c: Dwight’s Star. 6c. Great Falls E, 4%c; Great Falls J 4%c; Hill Fine. 5%c; Indian Head, 5%e; Pepperell R, 4%c; Pepperell, 10-4, loc; Androscoggin, 9-4, 14c; Androscoggin, 10-4, 13%e. Prints—Allen dress styles, 4c; Alien's staples, <e; Allen TR, 4c; Allen's rooes, 4c; American indigo, 4c: Arnold long cloth B. 7%c; Arnold LLC, 6%c; Cocheoo fancy, 4c: Cotheco madders, 4c; Hamilton fancy, 4%c; Merrimac pinks and purples. 4%c; Pacific fancy. 4%e; Simpson's mourning. 4c; Simpson's Berlin solids. sc: Simpson's oil finish, 6c; American shirting, 3%c; black white, 3%c; grays, 3%c. Ginghams—Amoskeag staples, sc; Amoskeag Persian dress, 6c; %ates Wurwlck dress, 5%c; Lancaster, sc; Lancaster Normandles, 6c; Renfrew dress styles, 6c. Kid-finished Cambrics—Edwards, 3c; Warren, 2%e; Slater, 3c; Genesee, 3c. Grain Bags—Amoskeag. $13.50; American, $13.50; Harmony, $13.50; Stark, sl6. Tickings—Amoskeag AOA, 9c; Conestoga BF, ll%e; Cordis. 140, 9%c; Cordis FT, 9%c; Cordis ACE, 9%c; Hamilton awnings. 8c; Kimono fancy, 17c; Lenox fancy, 18c; Muthuen A.V, 9%c; Oakland AF, otic; Portsmouth, 10%c; Susquehanna, ll%c; Shetucket SW, 5> ' Shetucket F, 6e; Swift River, 4%c. Flonr. Straight grades, $4.50®4.75; fancy grades, $5.75® 6.25; patent flour. [email protected]; low grades, 2.75®3.75; spiing wheat patents, [email protected]. Groceries. Coffee—Good, 10®12c; prime, 12@14c; strictly prime, 14®16c; fancy green and yellow. 18@22c; Java, 28®32c. Roasted—Old government Java,

3274083 c; Golden Rio, 24c; Bourbon Santos. 24c{ Gilded Santos. 24c; prime Santos, 23c. Package coffee—city prices—Ariosa. 11c; Lion. 10c; Jersey, 10.65 c; Caracas, 10.50 c: Dutch Java blend, 13c; Dlllworth's, 11c; King Bee. 11c; Mail Pouch, lie. Sugars—City Prices—Dominoes, 5.50 c; cut-loaf, 5.75 c; powdered. 5.38 c; XXXX powdered, 5.50 c; standard granulated. 5.25 c; flee granulated, 5.25 c; granulated—five-pound bags. 5.31 c; extra fine granulated. 5.35 c; coarse granulated. 5.38 c; cubes, S.SSc; mold A, c.soe; diamond A. 5.25 c; confectioners' A, 5.13 c; 1 Columbia A—Keystone A, 4.88 c; 2 Windsor A—American A, 4.SBc; 3 Ridgewood A —Centennial A, 4.SBc; 4 Phoenix A—California A, 4.81 c; 5 Empire A —Franklin B, 4.75 c; 6 Ideal golden ex. C—Keystone B. 4.69 c; 7 Windsor ex. C —American B. 4.63 c; 8 Ridgewood ex. C—Centennial B. 4.56 c; 9 yellow ex. C—California B, 4.50 c; 10 yellow C— Franklin ex. C, 4.44 e; 11 yellow— Keystone ex. C, 4.44 c: 12 yellow—American ex. C; 4.44 c; 13 yellow—Centennial ex. C. 4.44 c; 14 yellow —California ex. C, 4.44 c; 15 yellow, 4.44 c; 16 ye'low, 4.44 c. Flour Sacks (paper)—Plain. 1-3? brl, per 1.000, $3.60; 1-16 brl. $5: 74 brl, SS; % brl, sl6; Xo. 2 drab, plain. 1-32 brl. per 1,000, $4.25; 1-16 brl, $6.50; 74 brl. $10; 74 brl. S2O; No. 1 cream, plain. 1-32 brl. per 1,000. $7; 1-16 brl, $8.75: 74 brl, $14.50; 74 brl, $25.50. Extra charge for printing, $1.1001.15. Salt—ln car lots, 80085 c; small lots. 90©95c. Spices— Pepper. 12018 c; allspice, 15018 c; cloves, 18^25c; cassia. 15® 18c; nutmegs, 654*750 per lb. Beans —Choice hand-picked navy. $1.3001.35 per bu; Limas, California. 4%@4%c per lb Wooden ware—No. 1 tubs. $5.75©6; No. 2 tubs, $4.75fi3; No. 2 tubs, $3.7504; 3-hoop paiis, sl.4P® 1.50; 2-hoop pails, $1.20©1.25; double washboards, $2.2502.75 ; common washboards, $1.2501.50; clothes pins. 50®60c per box. Molasses and Syrups—New Orleans molasses, fair to prime, 28@33c; choice. 35040 c; syrups, 180 25c 5h0t—51.3001.35 per bag for drop. Lead—6Vs®7c for pressed bars. Twine—Hemp, 12018 c per lb; wool, 8010 c; flax, 200 30c; paper, 25c; Jute, 12015 c; cotton, 18@26c. Wood Dishes—No. 1, per 1.000. [email protected]; No. 2, $2.2502.50: No. 3. $2.5002.75; No. 5. $3®3.25. Rice—Louisiana. 4%@674c; Carolina, 6740874 c. Iron and Steel. Bar Iron—-1.5C01.60c; horseshoe bar. 2%02%c; nail rod, 7c; plow slabs, 274 c; American cast steel, 9@llc; tire seel, 27403 c; spring steel, 484 ©sc. Lcnther. Leather —Oak sole, 27©30e; hemlock sole, 24® 26c; harness, 32® 37c; skirting, 3S®42c; single strap, 28®41c: city kip. 60® 83c; French kip, 90e@ $1.20; city calfskin, 90c@$1.10; French calfskin, $1.20® 1.85. Nails and Horseshoes. Steel cut nails, $1.75; wire nails, from store, $1.90@2 rates; from mill; $1.75 rates. Horseshoes, per keg. $3.56; 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. $3; good, $4; fancy, $4.50. New Tomatoes—s3.so per 6-basket crate. Grapes—Malaga grapes, $6.75 per brl. Lettuce —11012%c per lb. Figs—California. $1.65 per box; mat figs, B@9c. [email protected] i>er brl; $2®2.50 per crate. Oranges—California navels, $2.650 2.85. Lemons —Messina, choice, 360 to box, $3; fancy, $3.50. Bananas—Per bunch. No. 1, [email protected]. Cocoanuts —50c per doz. Lima Beans—sc per lb. Potatoes —White, 45c per bu; red, 40c per bu; $1.20® 1.35 per brl. Sweet Potatoes —$1®1.30 per brl; Jersey sweets, $1 bu; brl, $2.75; Illinois, $2 brl; 70c bu. Cabbage—Holland seed, $1.25 per 100 lbs; homegrown, 75c@$l per brl. Onions—sl.7s per brl; Spanish onions, $1.50 Turnips—7s©9oe per brl. Parsnips—sl.so per brl. Celery—Michigan and northern Indiana, 30@40c. per bunch; California. 40®>75c. Honey—White. 15c per lb; dark, 12c per lb. Cider —$4.50 per brl; half brl, $2.60. I’rovialon*. Hams—Sugar-cured, 18 to 20 lbs average, 874® 974 c; 15 lbs average, 87409740; 12 lbs average, 974 @9%e. Bacon —Clear sides, 40 to 50 lbs average, 6%c; 30 to 40 lbs average, 6%c; 20 to 30 lbs average, 6%c; bellies, 25 lbs average, 6%c; 18 to 23 lbs average, 6%c; 14 to 16 lbs average, 774 c. Clear backs, 18 to 22 lbs average, 6%c; 14 to 18 lbs average, 6%c; 8 to 10 lbs average, 6%c. In dry salt, less. Shoulders—lß to 20 lbs average. 5%c; 15 lbs average, 6c; 10 to 12 lbs average, 6c. Lard—Kettie-reqdered, 7c; pure lard, 6%c. Pork—Bean, clear, sl3; rump, $10.25. Seed*. Clover—Choice, $3.75; prime, $3.50; English, choice, $3.2503.30; alslke, choice, ?4.50©5; alfalfa, choice, $4.2504.50; crimson or scarlet clover, $2.75®3; timothy. 45 lbs, prime, $1.1501.20; light prime, $1.20® 1.25; choice. [email protected]; fancy Kentucky, 14 lbs, $1.15; extra clean, 60@75c; orchard grass, extra, $1.1501.30; red top, choice, 80c ©51.40; English bluegrass. 24 lbs. $1.1501.75; German millet. $101.25; Western millet, 60@S5c; common millet, 4G©GOc.

LIVE STOCK. Cattle Scarce and Steady—Host* Active mad Stronger—Slieep Strong. INDIANAPOLIS, Jan. 21. —Cattle —Receipts, light; shipments, none. There were not enough here to establish any business. The market looks steady on all grades. Exports, good to choice $3.10® 5.65 Killers, medium to good 4.60® 5.00 Killers, common to fair 4.00© 4.40 Feeders, geod to choice 4.00© 4.40 Stockers, common to good 3.0.® 4.00 Heifers, good to choice 3.90© 4.35 Heifers, fair to medium 3.50® 3.80 Heifers, common and light 3.00© 3.25 Cows, good to choice 3.60® 4.C0 Cows, fair to medium 3.00© 3.35 Cows, common and old 1.50© 2.50 Veals, good to choice 5.00® 6.00 Veals, common to medium 3.00® 4.50 Hulls, good to choice 3.50® 4.00 Bulls, common to medium 2.50® 3.25 Milkers, good to choice 35.00045.00 Milkers, common to medium 20.00030.00 Hogs—Receipts, 4.000; shipments, fair. The quality was generally good. The market opened active with good demand from both packers and shippers at a shade stronger prices, and closed steady with all sold. Heavies $3.75®3.80 Mixed 3.70©3.75 Lights [email protected] Pigs [email protected] Roughs [email protected] Sheep and Lambs—Receipts, light; shipments, none. There was but litle doing for want of stock. The market was strong. Sheep, good to choice [email protected] Sheep, fair to medium 3.2003.50 Stockers, common to medium [email protected] Bucks, xier head 3.0003.50 Spring lambs, good to choice 4.2505.C0 Spring lambs, common to medium 3.2504.00 Elsewhere. KANSAS CITY, Jan. 21.—Cattle—Receipts, 770 natives, 370 Texans; about steady prices. The supply this week was mostly good quality slaughtering cattle; all the well-matured stock sold active at prices, while common stock was about steady. Stockers and feeding cattle continue in good demand; best grades about 25c higher; heavy native steers, [email protected]; medium, $4.40© 5.25; light weight. $4.15®5.25; Stockers and leeders, [email protected]; butcher cows and heifers, [email protected]; ccnners, $2.1502.85; bulls. s3@4; Western steers, $3.5005.30; Texans, $3.5005.10. Hogs—Receipts, 5,800; prices steady to 5c higher. The moderate supply of the week slightly strengthened prices. Heavy hogs selling at $3.60 @3.75; mixed. [email protected]; lights. [email protected]. Sheep and Lamlis —Receipts for the week, 16,000; offerings of shade better quality, the most desirable bunches selling at slight advance in prices; common stock steady. Lambs. [email protected]; muttons, [email protected]; feeders, $2.3003.50; Stockers, $203.50. ST. LOUIS. Jan. 21. —Cattle —Receipts, 200, including 60 Texans. Native beeves 10025 c, cows and heifers 10@15c and stockers and feeders 10® 20c higher than last week; Texans steady; fair to fancy native shipping and export steers, $4.25© 5.85, bulk of sales at $505.50; dressed beef and butcher steers, $3.6005.30, bulk at $4.25®5.15; steers under 1,000 lbs, $3.2504.75, bulk at $3.9004.15; stockers and feeders. $2.7504.35, bulk at $3.6004.20; cows and heifers, $204.75, bulk of heifers at $3.85 @4.35, bulk of cows at [email protected]; Texas and Indian steers, $3.1005, bulk at $3.7504.70; cows er.d heifers, $2.2003.55. Hogs—Receipts, 5,300. Market strong to 5c higher: pigs and lights. [email protected]; packers, [email protected]; butchers’, $3.650 3.85. Sheep and Lambs—Receipts, 300. Market steady; native muttons, [email protected]; culls and bucks, $2.5003.25; stockers. [email protected]; lambs, $4.25 @5.40; fed Texas sheep, [email protected]. CHICAGO, Jan. 21. —Cattle —There were not enough cattle received to-day to make a market. Asa result of the small offerings of choice cattle during the week, prices for those grades are 15® 20c higher than a week ago. Fancy cattle would bring $606.10; choice steers. $5.6005.95; medium steers, $4.0005.20; beef steers, $404.85; Westernfed steers, $405.80; Texas steers, $3.7305.25; calves, $3.5006.90. Hogs—A moderate supply of hogs and an active demand resulted in advancing prices 507%c. Fair to choice, $3.727403.87%; packing lots. $3.5503.70; mixed, $3.55®3.75; butchers', $3.57%@3.827; lights, $3.5003.77V*; pigs. $3.2503.56. Sheep and Lambs—A few droves of sheep offered were closed out at unchanged prices. Culls to choice sheep, [email protected]; yearlings, [email protected]; lambs, $3.75 0 4.90. Receipts—Cattle, 200; hogs, 20,000; sheep ar,d lambs, 5(0. NEW YORK, Jan. 21.—Beeves—Receipts, 815; no trading; feeling steady. Cables firm. Shipments to-day, 550 cattle, 00 sheep and 2,996 quarters of beef; to-morrow, 500 cattle and 3,100 quarters of beef. Calves—Receipts, 9; market steady: veals quoted at [email protected]; nearly nominal for all sorts. Hogs—Receipts. 1,873: none for sale alive; nominally firm at $3.7504.10. Sheep and Lambs—Receipts. 3,502. Sheep weak to 10c lower; lambs steady to 10c lower. Sheep. $4®4.37Vi; lambs. $5.40©5.60; common lambs sold late Friday at $4.80. CINCINNATI, Jan. 21.—Cattle strong at $2.5005. Hogs active and 5c higher, at $3.20®3.50. Sheep and lambs steady; sheep, $2.2504; lambs, $4©5.25. Pension* for Veteran*. Certificates have been issued to the fol-lowing-named Indianians: Additional—Samuel Wagner, Williamsport, $4 to $6. Restoration. Reissue and Increase—Peter McKenna (deceased). Terre Haute. S3O to $72. Increase—Special, Jan. 11, Lucius Luce, Warren, sl2 to sl7; Levi Grume, Brimfield, $x to sl2; Peter Newcomb. Atwood, $8 to $10; David Wrightsman, New Castle. $6 to SS; Simon Strahy, Indianapolis, sl2 to sl4; Noah Smith, Walkerton, $8 to $10: Charles M. Archer, Indianapolis. $6 to $8; Lemuel 1* Kelso, Ireland, sl2 to sl7; Daniel McKay. Guy, sl6 to sl7; Isaac Moss. Beck’s Mill, sio to sl2; John Turpen, Elkinsville, $24 to S3O. Reissue and Increase—Perry Hare, Noblesville. $8 to $lO. Original Widows, etc.—Margaret McKenna. Terre Haute, $8; reissue. Rosa Kipp, Tell City, sls.

SMALL WHEAT TRADING MARKET CONTINUES STRONG IN FACE OF EXTREME DULLNESS. * Report* of Fre*li Offering* from Argentine Ha* Feeble Effect on the Market—Provialon* Unchanged. * . CHICAGO, Jan. 21.—A sort of contention between bearish announcements and bullish sentiment prevented much movement in either direction in wheat to-day, and May closed at 7&®74c advance. Corn left off unchanged and oats are a shade higher. Pork closed unchanged, lard a trilie higher and ribs at advance. Wheat started steady, but without much vigor, May opening Vic higher at 70%faiO%c. The improvement was only momentary, however, as London advices reported increased offerings of Argentine wheat, which v.ere becoming oppressive, and cables also advised that liberal charters for wheat were being made at Odessa with the expectation that the movement from that quarter would increase rapidly. The Argentine surplus was still a matter of some uncertainty, but the latest advices suggested an exportable surplus of between 45,000,000 and 50,(WO,000 bu, or more than double the exports from there last year. That put a damper on the spirits of the bulls, and, as there were a few outside selling orders to be executed, May declined to 7174 c. Receipts here were 107 cars, of which 11 graded contract. Minneapolis and Duluth received 473 cars, against 358 for the corresponding day a year ago. Primary Western markets received 020,000 bu, whereas 378,000 was the total a year ago. Exports from Atlantic seaboard w ere equal in wheat and flour to 624,000 bu, without return from Galveston and Newport News. The world s shipments for the week were estimated at 6,400,000 bu. of which 5,199,000 bu came from this country. This had a strengthening effect, as it led to the belief that Europe has not yet been sensibly relieved of its dependency on this country for its supplies. The continued activity of the security market had a steadying effect on wheat, and the possibility that the furore in stocks might extend to grain held the average short seller in check. The current belief that Wall street was already interested on the long side and might reasonably be expected to protect that interest was strengthened by the fact that whenever the market got down to 70% for May it received good support. Trade became active during the last half hour, and, as offerings were scarce May advanced to 70%#70%c and closed at 70% c. Corn was quiet and incapable of being moved more than Vic away from 37c lor May. An attempt was made by several or the bull tradeiV to stir the pit into action and incidentally force prices up early in the session, but their efforts met with little response and the market became very uud. Shipping demand was poor, with what bids that were received Vic out of line. Receipts were 570 cars. May opened a shade lower at 3674037 c. touched 57V4c and with many changes from that to 3674 c, finally closed Oats possessed the same characteristics as the leading markets. There was no inquiry for cash and less business was transacted in futures than any day during the last two months. Receipts were 221 cars May began a shade higher at 27%c, sold at 277*0 27%c, rose to 27%®2<%c and closed at A decided improvement in the shipping demand and higher prices for hogs helped provisions. Buying by commission houses with foreign connections resulted in a slight advance ail around. The shipments for the week amounted to 12.801,0!X) pounds meats and 7,006,C00 pounds of lard. The range in pork, lard and ribs was of the smallest possible kind. _ ~ Estimated receipts for Monday—W neat, 123 cars; corn, 490 cars; oats, 200 cars, hogs, 40.000 head. , , „ Leading futures ranged as follows. Open- High- Low- Closing. est. est. ing. Wheat—May 70% 70% 70% 70% July 68% 68% 68% 68% Com— ........... Nft jg g* July 37% 37% 3% 3rj4 ° ats_ juiy :::::::::: ft ft ft #lA p Pork May '::::::::::$io.2i>" $10127%. $10.26' 10.25 Lard-Jatiy ••••••••••• ' s ' W.BO ' 5A2% Ribs—Jan ••••••; May 5.10 5.12% a.lO 5.1-.2 Cash quotations were as follows: Flour—Dull; winter patents, $3.6003.70; spring specials. $4.10; hard intents. $3.4003.60; soft Patents, J -©3.40. straights, $2.8003.20; bakers , $2.20®—30. No. - spring wheat, 6706874 c; No. 3 spring wheat, 64® 67%c; No. 2 red. 70%@71c. No. 2 corn, 36c; No. 2 yellow com, 36®36%c. No. 2 oats, 27c, No. 2 white, 2974®29%c; No. 3 white, 28%@29%c. No. 2 rve. 5374066 c. No. 2 barley. 43@02c. No. 1 flaxseed, $1.14; Northwest. $1.18%. Prime timothy seed $2 42 1 4. Mess pork, per brl, 10.0a; lard, per 100 lbs. $5.6005.627*. Short-rib sides (loose). $4.75@5. Dry-salted shoulders (boxed), $4.20@ 4.37%. Short-clear sides (boxed), [email protected]. Whisky. distillers’ finished goods, per gal. $1.27. Receipts— Flour, 12.800 brls; wheat, 119,>00 bu; corn. 467,700 bu; oats, 244,000 bu; rye, 9,000 bu; barley, 46,000 bu. Shipments—Flour. 26,000 brls; wheat, 19,600 bu; corn. 269,000 bu; oats, 180,000 bu; rye, 10,000 bu; barley, 5,800 bu. *

AT NEW YOItK. Rultnff Prices In Produce at the Seaboard’s Commercial Metropolis. NEW YORK, Jan. 21.—Flour— Receipts, 24,670 brls; exports, 41,414 brls; market dull and easy; winter patents, $3.75@4; winter straights, $3.50® 3.60; Minnesota patents, [email protected]; winter extras, $2.65®2.95: Minnesota bakers', [email protected]; winter low grades, $2.40®2.63. Corn meal quiet; yellow Western. 82®83c. Rye weak; No. Z Western, 6444 c f. o. b., afloat. Barley malt quiet; Western, 55@68c. Wheat—Receipts, 84,000 bu; exports, 144,242 bu. Spot easy; No. 2 red, 8044 c f. o. b., afloat to arrive. Options oponed steady on cables but cased oft through the forenoon for lack of buying interest or sustaining factors. The general trade was extremely dull; closed easy at 44c net loeline. March, 77%@77%e, closed at 77%c; May, 74%®> 75 15-16 c, closed at 74%c. Corn—Receipts,, 26,325 bu; exports, 1,538 bu. Spot easy; No. 2. 42%@44c f. o. b., afloat. Options oiened steady but turned dull and weak with wheat, closing dull and unchanged. May, 41 *® 4144 c. closed at 41 Ac. Oats—Receipts, 82.500 bu; exports, 460 bu. Spot quiet; No. 2, 33%c; No. 2 white, 35'Ac. Options quiet. Hops quiet; State, common to choice, 1896 crop, 7®3c; 1897 crop, ll@13c:,1898 crop, 18® 19c; Pacific coast, 1896 crop, 7©Bc; 1897 crop, U®>l3c; 1898 crops, 18® 20c. Hides firm; Galveston, 16c; Texas dry, 12c; Callfarnia, 18c. Tallow quiet; city. 4 1-16 c; country. 4@4',ic. Cotton-seed oil firm and held higher; prime crude, 19c; prime crude, f. o. b., mills, 16®>17c; prime summer yellow. 2302344 c; off summer yellow, 23c: butter grades. 274i@28c; prime winteryellow, 28®30c; prime white, 30c. Rice firm; domestic, fair to extra, 4'4@7c; Japan, 50544 c. Molassc-s firm; New Orleans open kettle, good to choice, 32033 c. Coffee—Options opened steady, unchanged to five points lower; ruled tame, with little further variations; bull efforts checked by discouraging cables from foreign markets and slack spot demand, together with bearish statistical situation; bears cautions in view of extensive short interest already outstanding; closed quiet I'ri.m unchanged to five points lower. Sales, 5,250 bags, including: March, 5.50 c: May, 6.65 c; September, 5.85 c; October. 5.90 c; December, 6.05 c. Sjiot coffee—Rio dull at 644 c; No. 7 invoice, 744 c; mild quiet; Cordova, 744014 c. Sugar—Raw quiet and barely steady; fair refining. 3%1c; centrifugal, 96 test, 4'ic: molasses sugar, 3t£c. Refined quiet; mold A. 54*c; standard A. 4 7 Ac; confectioners' A. 4 7 4 c; cut loaf, 544<'; crushed. 544 c; powdered, 544 c, granulated, sc; cubes, 5140. TRADE IN GENERAL. Qaotatlona at St. Louis, Baltimore, Cincinnati anil Other Place*. ST. LOCIS, Jan. 21.—Flour dull and unchanged. Wheat—Options steady to a shade firmer; spot steady; No. 2 red, cash, elevator, 73c; track. 74® 75c; January. 7344 c; May. 744*®73 7 4c asked; July, 67%c; No. 2 hard, 68c. Corn—Options fractionally higher; spot higher: No. 2 cash. 344*c bid; January. S4 T Ac: May. 35%®554c asked; July, 36‘ /: >c. Oats—Options about steady; spot steady; No. 2. cash. 2844 c; track. 29c; January, 2S'4c; May. 2s%c bid; July, 25'ac bid; No. 2 white, 3a>4c. Rye firm at 5f44c. Flaxseed higher at sl.ll. Prime timothy seed nominal. Com meal, $1.7501.80. Bran firmer; sacked, east track. 56c. Hay dull and steady; timothy. s7#9; prairie, $7. Butter steady; creamery. 15®20e; dairy, 12016 c. Eggs lower at 1344 c. Whisky steady at $1.27. Cotton ties and bagging unchanged. Pork better; standard mess Jobbing, old. $9.1244: new. $lO. Hard higher; prime steam. $5.35; choice, $5.45. Dry-salt meats — Boxed shoulders. $4.1244; extra shorts. $4.75; ribs, $4.8744; shorts, SO. Bacon—Boxed shoulders, $4.75; extra shorts. $5.25®5.30; ribs, $5.3744; shorts, $5.50. Receipts— Flour. 3,000 brls; wheat. 24,000 bu; ccrn, 103,000 bu; oats. 30,000 bu. Shipments—Flour, 4,(3)0 brls; wheat, 14,000 bu; com, 45,000 bu; oats, 27.000 bu. LIVERPOOL, Jan. 21.—Wheat—Spot dull: No. 2 red Western winter. 6s 2d; No. 1 red Northern spring. 6s. Com—Siot American mixed, old, linn at 3s 10V!: futures quiet; January, 3s W*d; 3s 74sd; May, 3s 7\d. Flour—Kt. laiuls fancy winter steady at 7s 9d. Beef steady; extra India mess. 655; prime mess. 60s. Pork steady; prime mess, fine Western, 50s; prime mess, medium Western, 47s 6d. Hams, short-cut, steady at 36s 6d. Bacon dull at 27a. Short ribs dull at 28s. Long-clear middle#, light, steady at 2Ts.

Union Stock Yards R. 11. Shiel & Co.** Antl-Trn*4 Lira Stock Market Report. Indianapolis, Ind., Jan. 21. 1599. We had heavy receipts; fully one-third of all the hogs here, yet not enough to fill our orders. Squires ordered twenty double, and we were only able to give them ten after lining our other orders. Market was strong. 2%c higher. We look for a good market the first of the week. We quote: 250 to 350 at $3.80 to $2.85, and 200 to 230 at 3.7274 to 3.77V4: 160 to 190 at $3.6274 to $3.70; pigs and light yorks, $3.50 to $3.60. SA tVS AND MILL SUPPLIES. E. C. ATKINS & CO. Manufacturers and Re- i/ifl y\ pairers of all kinds of Olfice and Factory, South and Illinois Streets Indianapolis. Ind. 4 IA7C BELTING and nA Wks EMERY WHEELS SPECIALTIES OF W. B. Barry Saw and Supply Cos 132 S. PENN. ST. All kinds of Sawa repaired. PHYSICIAN!*. DR. C. I. FLETCHER. RESIDENCE—IO23 North Pennsylvania tr**t. OFFICE—7I3 South Meridian street. Office Hours—9 to 10 a. m.; 2to 4 p. m.; 7 to * p. m. Telephones—Office. 907; residence, 427. < Dr. W. B. Fletcher’s SANATORIUM Mental and Xervons Disease*. 218 NORTH ALABAMA STREET. ~~ TedN ri^y, (^S Xst OPTI) V • Cm.fENN.ST. DENISON KOBE* / V*— INDIANAPOLIS-INP. THEODORE (STEIX. ABSTRACTER of TITL.ES Corner Market and Pennsylvania streetr IndltnorJlis. Suite 229. F\rst Office Floo.. 'Th* Lemcke.” Telephone 1760. STAMPS. SEALS, STENCILS,STAMPSi rl CATALOGUE FREE BADGES. CHECKS &C I ■■ ~~i Sunday Journal, by Ma 9, S2 Per Year. Long-clear middles, heavy, steady at 26e 6d. Short-clear backs steady at 27s 6<l. Clear bellle* dull at 3ls. Shoulders, square, firm at 23s 6d. Lard—Prime Western steady at 295. Cheea* steady; American finest white and colored, 49a, Butter—Finest United States, 965; good, 655. BALTIMORE, Jan. 21.—Flour quiet and unchanged; receipts, 12.153 brie; exporta, 6,175 brla. Wheat very dull; spot and month, 74%©75c; May, 76c. asked; steamer No. 2 red, 71%®72c; receipts, 23.706 bu: exjK>rts, 103.131; Southern wheat, hr sample, 70@76c; Southern wheat, on grade, 72%® 75Vic. Corn steady; siwt and month, 39V4039%c; steamer mixed, 37®37%c; receipts, 162,221 bu; exports, 76,479 bu; Southern white corn, 3774@40%c; Southern vellow corn, 37Vi®40c. Oats steady: No. 2 white, 34®34V4c; No. 2 mixed. 32®32Tsc; receipts, 21,813 bu; exports, 20,110 bu. Rye steady. Butter steady and unchanged. Eggs firm and unchanged. Cheese steady and unchanged. CINCINNATI, Jan. 21.—Flour dull; winter patents, $3.4003.70; winter family, $2.4002.00. Wheat firm; No. 2 red, 71>,i®72c. Com dull; No. 2 mixed. 35>>c. Oats dull and easy; No. 2 mixed, 29c. Rya firm at 58059 c. Lard firm at $5.37%. Bulk meat* quiet and firmer at $4.75. Bacon dull and firm at $5.70. Whisky easy at $1.26. Butter easy; fancy Elgin creamery. 2074 c; dairy. 11c. Eggs weak at 13®15%c. Cheese firm: good to fine Ohio flat, 10% 011 c. Sugar steady and unchanged. TOLEDO, Jan. 21.—Wheat dull and steady; No. 2. cash, 7174 c; May. 73%c bid. Com dull and steady; No. 2 mixed, 3574 c. Oats dull and steady; No. 2* mixed, 2874 c. Rye dull and unchanged; No. 2, cash. 5674 c. Cloveer seed active and steady; prime cash, old, $4.05; new, $4.50. MINNEAPOLIS, Jan. 21.—Wheat dull and steady; January, 68c; May, 68%®68%c: July, 68%o; on track. No. 1 hard, 69%c: No. 1 Northern, 6874 c; No. 2 Northern, 6674 c. Bran and flour unchanged.

Wool. LONDON, Jan. 21.—There was a good attendance at to-day's session of the wool auction sales. Competition was active, and prices showed a hardening tendency. The offerings amounted to 113,599 bales. Including many good lines of greasy merinos, which were bought largely by the continent. Victorian and Queensland scoured wera well represented and were in keen request. Tha home trade and the continent secured the bulk of this trade. Crossbreds were firm and 500 balea were taken by American buyers. Following ara the sales in detail: New South Wales—l,soo bales; scoured. Is 344d&>ls 544d: greasy, 744@1044d. Victoria— I.OCO bales; scoured, 744d@ls 7d; greasy, 744d. South Australia—soo bales: scoured. Is l'Ad ®ls 544d; greasy, 6'4®7d. AVeat Australia—4oo bales: scoured. Is 144d@ls 244d; greasy, 6®od. New Zealand—l,4oo bales; scoured, 64*d@ls Jll4d; greasy, 544@9d. Cape of Good Hope and Natal--200 bales; greasy, 6Vi@Sd. NEW YORK, Jan. 21—Wool steady; domestio fleece, 17®22c; Texas, ll@l4e. Butter, Eggs and Cheeae. NEW YORK, Jan. 21.—Butter—Receipts, 2.641 packages; Western creamery, 14®>19c; El gins, 19c; factory, 12®14c. Cheese —Receipts, 1,064 packagea; market firm; large white, 1044 c; small white. 111® 1114 c; large colored. 1044 c; small colored, 1101144 c. Eggs—Receipts, 3,025 packages; market steady; Western, 1744 c; Southern, 18c.. KANSAS CITY, Jan. 21.—Butter steady; creamery. 17018 c; dairy, 15c. Eggs—Market 2c lower; heavier receipts anticipated and considerable surplus stock carried over; fresh candled Missouri and Kansas stock, 1244 c dozen. CHICAGO, Jan. 21. On the Produce Exchange to-day the butter market was easy; creamery ~l3® 18c; dairy, 11016 c. Eggs steady; fresh, 1744018 c. Cheese dull; creams, 944@11c. PHILADELPHIA. Jan, 21. Butter unchanged; fancy Western creamery, 19c, Eggs dull and easier; fresh Western, 19c. Cheese steady. Dry Goods. NEW YORK, Jan. 21.—1n the local dry goods market the demand for staple cottons has been a heavy one throughout the week. Sales have been fairly heavy, mail orders being the chief source of business. Prices have been well sustained, sellers having no difficulty in securing recent advances. Bleached cottons were strong and active. Coarse colored goods showed no change of moment. Prints are generally active, reorders for spring lines being frequent If not individually large. Ginghams have shown continued good results in both staple and dress goods styles. Other woven colored cottons have shown good results. The market for linens has bean fairly active, with good prospects showing for th text few weeks. Print cloths firm. Oil*. SAVANNAH, Jan. 21.—Spirits of turpentine firm at 400. Rosin firm; quote: A, B. C, D, K, F, $1; G, $1.05; H. $1.20; I. $1.35$ K, $1.50; M. $1.60; N. $1.75; window glass, s2.o6;*ater white, $2.35. OIL CITY, Jan. 21.—Credit balance*. $1.16. Certificate market opening bid, $1.1344 for cash; no other bids or offers; no sales. Shipments, 68,330 brls; runs, 91,860 brls. WILMINGTON, Jan. 21.—Spirits of turpentine steady at 4(f®'4OVic. Rosin firm at 90096 c. Crude turiie'ntlne quiet at $1.30 and $2.40. Tar steady at sl.lO. Cotton. NEW ORLEANS, Jan. 21.—Cotton firm; sales, 7.500 bales; ordinary, 44c: good ordinary. 4 U-16c; low middling. 5 15-16 c; middling. 544 c; good middling. bike; middling fair, 6“4c; receipts, 7,671 bales; stock, 140,531 bales. NEW YORK, Jan. 21.—Cotton steady; middling, 644 c. Metal*. NEW YORK. Jan. 21— Pig iron firm; Southern, $lO 25® 11.75; Northern, $10.25®12.25. Copper steady; brokers', 15c. Lead steady; brokers', 4c. Tin plates steady. ST. LOUIS, Jan. 21.—Lead higher at [email protected]. Spelter steady at 5.05 c. e SALES OF REAL ESTATE. Mne Transfers, with it Total Consideration of $21,504). Instruments filed for record In the recorder's office of Marlon county, Indiana, for the twentyfour hours ending at 5 p. m. Jan. 21, 1899, as furnished by Theo, Stein, abstracter of titles, corner of Market and Pennsylvania streets, Indianapolis, Suite 229, first office floor, The Lemcke, Telephone 1760; Henry H. Duke to George M. Tindel. lot No. 235, In H. R. Allen's second addition.. S4OO Kate A. Thompson to Joseph William Davis. Liit 225. Spann & Oo.'s second Woodlawn addition 800 L< vl S. Pierson to Harry E. Phelps. Lot 31. Johnson's subdivision of Block 20. Johnson's heirs’ addition 10,000 Cornelius B. Holloway to A. L. Wing. Lot* 15. 18. 17. IS. 19 and 20. Walker's East Woodlawn addition 3.000 Walter B. Perishing to James H. Witty and wife. Lots 38. SO and 40. Downey’s Arsenal Heights addition 200 Je:;e Squire et al. to Volney W. Foster, lot No. 31, Square 2, first section Lincoln Park 1,430 Rachel Stern to Roliert Hansel and wife. Lot 27, Square 5, Beaty’s addition.... 200 Ueotge Sleeper to Robert Haensel, Lot 14, Square 6. Beaty's addition 150 James T. Eagleefleld to t'hrlstlan D. Waidltch. Lot 36, Bruce's addition...... 5,300 Transfers, 9; considerations.,,,.,,,... $21,500

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