Indianapolis Journal, Volume 51, Number 210, Indianapolis, Marion County, 29 July 1901 — Page 7

TITE INDIANAPOLIS JOURNAL, 3IOXDAY, JULY 29, 1901.

7

LCTTUR5 OF CRfcDtT

U. S. DEPOSITORY.

-Uaiisb'c h 11 parts cflbc World

Fhe Merchants' National Bank Capital and Surplus,$l,250,000

Buy and Sell U. S. Bonds

Accounts Solicited

s.vri: ijcrosns. S. A. FLETCHER & CO.'S Safe Deposit Vault 3 liast U'iiililugton Street. Absolut safety aralnst Cr and burglar, l-o-lisman day and night on guard. Designed for ate keeping of Miney. Eands. WUla. Deeds. Abstracts. Silver Plate, Jewels and valuable Trunk. Package, etc. Contains 2,10 boxes. IlrDt SS to f 15 Per Year. 30IIN S. TAIlKI.CTO.........Manaa:er. MONEY to g Lea.ned upon Improved city property, granting permiest-m to make partial payment. Interest arrayed according to location and character of "urity. No dlay. C. F. SAYL.E3 & CO.. 127 Eaat Market Street. BAKER-VA YTR CO. CORRECT ACCOUNTING Loamo .e System, J. O. COPELAND, AceouaU-t for Indiana. Iiw Phona 2238. 827 Ittvenioa Building. "SHOWERS OF BLESSING" SOUND OF AIIIMJAXCE OF ItAIV IX THi: "WHEAT COLXTRY. Corn Also Uencflted by the Same Agency Prices Depressed All Aroaud-Provision Lower. . CHICAGO. July 27. More ceneral showers depressed grain values to-day. September wheat closing ?tc lower, and corn and oats each V&c down. Business was moderately active. Provisions closed with declines ranging from 10c to 17!c. September wheat opened 7sC to 1HC lower at CO-c to föUc, under the influence of weakness at Liverpool and fair showers in the Northwest, almost the only part of the country where a bumper crop is not yet assured. The bulk of the day's business was done during the first half-hour, during which many small lln?s were liquidated. The pressure ceased later and there was a moderate covering movement and fome reinstating of long lines because of fear that damage might be done the spring wheat crop by hot weather," thought to be due. following recent rains. The market was thus worked up to 70c. but the clo.se found feeling rather weak, September selling 7,se under yesterday's, at G'Jc. Local receipts were 253 cars, W of contract grade. Minneapolis and Duluth reported 203 cars, ugains 272 last week ar.d 217 a year ago. Seaboard clearane.s, in wheat and flour, were equal to böö.J bushel. Receipts at jrlmary points aggregated S51.(X) bushels, compared with ti77,wi) a year ago. Corn values sagged lower in consequence of a widening or the area blessed with showers. Weakness was pronounced at the opening, when long corn In abundance came out. At the low price Of the day, however, there were ordeis to buy. Commission houses purchased the cereal most cf the session, but the rally was only partial and the olose was easy. September told between uö?t54Vi", closing SsYi-c lower at 551 55c. Receipts were K8 cars. The oats market was moderately active but prices kept to a lower level in sympathy with wheat and corn and on freer receipts and country offerings. The bulk of trade was around the bottom. September sold between &'r: and 34l4c and closed 'u' tc down at SlVi31l2;. Receipts were 231 cars. The liberality of the hog movement continued to have a depressing effect on proIsions. Trade was dull. September pork closed lTo lower at $14.20; lard lOalc down at is.37Vj and ribs 10c depressed at $7.87. Estimated receipts on Monday: Wheat, S7S cars; corn, 120; oats, 250; hogs, 30uQ head. Leading futures ranged as follows: Articles WheatJuly ... Kept ... Dec .... CornJuly .., Sept ... Iec .... Oats July .., Sept ... May .., Opening. ess 71-71H MTi &4Vs-33lj Lowest. 53Ti 34a Ld 34 1; 34 U 37 Closing. 61 7ÜS-71H 54, 3;hi-i32 SVi 34-34,,2 37et. 70 7i; 3; 24i S'.a 33 Pork Kept Jan Lard Sept t)ct , Jan Ritsert Oct Jan .fl4.2:) ..14.J3 8.r.7'.i .. 8.30 .. 7.W .. 7.!.", .. 7.7') Jit. 3') 11.75 S 60 8.r3 114.13 14 60 S 33 S 60 8.35 7.S3 7. 7.63 (14.13 14.70 8.37H 7.: 7.S715 Cash tjuoLttiona wr aa follows: Flour steady winter patenis. I3.4'; n 1.3v; utraijf Mp. $313.30; clears. $:.7''-; 3. 10; si rlnfr specials. J .HV. I.IV; patent.. I.:. 4ut.7J; struishts. 2.'"u3.2C; bakers. $-.2 2.t3. No. 3 üprini? wiiat. 67ii :'.1j1vc; No. 2 red. Tue. No. 2 corn, .''ac; No. 2 yellow, &4SC No. 2 cats. Z'jC: No. 2 white. S;'..Tt.iie! N'.i' 3 white. Zi'i.r.r. Ni. 2 rve. : tl on:. Fair lo tnvice n a!lui larley. f..4;v. N-. 1 flaxseed. a..o. i r.nie t,im'tny n-cl. fj.L... iley pork. inr in m M i.ij. I, I. I 'i . w.-.m iiwi Ii... n -. i Short-rib stdv (ioo5. J7.73p7.S.. lry-sjltd t-houl.lers (boxed. $7 ;.)i7.62's. Sfcort-ciear side tboxed). $4.23äj8.33. Whiaky, on basis of hUh winos. J1.2'J. Receipt.- "lour, n.cr-0 brls; wheat. 221.ev t,crn. 207.1.0. bu; oats. r.-UlO bu: rye. i:.(0 bul.rt.Uy. bu. Stfipmenrs Flour. 240.inA trl.-i-wheat, Zii.M bu; corn. 34.CKh bu; oats, 2öJ,WÖ bu. AT XEW YORK. Decline In c;raiii and Their Products (Jener I l.Ut Qalet. NKV. TOKK. July 27 Flour Ketelrts. 21.493 brls; exporu. 9.343 brls. Market dull ami barely ateady. winter patents. J3.3;.tr.M; winter atrslKhts. t3.2:.'a3.SO; Minnesota patent; $3.73' 4.10; winter extras. tZ.-fjZ.U; Minnesota' bakers, J2S:u3.r; winter low xraJea. l2.3otf2.4X Itye flour fctftnly; fair to gool. 2.7.i3 13; hoie to fancy. $3.i:j3.30. Corn meal quiet; yellow Western. $1.12: city. $1.10; Brar..J alr.e. t Itye quiet; No. 2 Western. 3',v. f. a. b aiioitt: htate. i.-iy".7c. c. 1. f.. New York, car lota liar ley dull: feeding. 4Nc. c. I f.. New Y0rk-"niiif-rrif. toySZe. c i. f.. New York. ' maK Yhet Kecplits. i."3.4 bu: exrorta. 114 2i3 bu Fpot easy: No. 2 re 1. 77,o i. o. b.. afloat 74 c elevator: No. 1 northern Iu!uth. 7:, f ' , arl"Ht; Nu. 1 har-1 l'ulutr-, ty, f. u. !., rioat' t'Hior.s turr.eJ c ana l-jt over a cent a buhl tht.i morning un.ler bearish I.Ierio-l catl-a. roi'ectlve h-avy worM'a ihipncnts rain In tlic N.-rthwtt anJ tfiu'ral unloading clooe.1 t-isy at 'rf net Schrie; July, 7S U-'.-i UT.c. c!olnr at Tti.c : St-ftemter, 74Vp73 1-jfic c' lr at 7:; October. 73 3-16 j.3Sc. closing at ?3sc. Corn Revel pt. 107. bu; exiKrt-. 120. 43 J bu. BlKjt at. r; No. 2. CV 1-vator, 37c f. o b nat. ii-ti:i oin-.i nek ar.i lower on further ralr.s in the c -rn tit. the drop ln wheat nt unl.ia iintf ; c'. r ' -a.xy at v, : , et ellne: St-t n.lf r. f..";'-. cl.ir:g at 3st'; October clo.e.l at 3Sc. Oats Rec:j.tj. b : ; experts. 3J C1 bu F:,-t easier; No 2. 't; N 3. ; whit-42V.-c; No. 3 wli'.te. 42?; traok n.tx, dtern' atlc: track Mt(. 4';'v iiV. Oj.t;o.ifl qu:et ani er-fi-r on imrrv1 weather cnnlUt.jUH Hay fteaJy; ahlppli.g. 73c; g'.d to choice IT't2V,cHops ;u!et: txte. .mnon tn chob lo cron Eaiac; Im crop. If.nc; cIJ. 2i6c; I.cinc r,,.lfii' 11 crop. lJrfK'vc; ISSj cro-, Ul.'.c: ol.l. HMs etly. tix'.veaton. to 23 lbs. H.T!jc: California. 21 to t lb. liWc: Texas lrj. 'H ,' It lb. 14t. Leather iiulet; hemlock no!e. Ru-n Ayss, light to heitvy wolahts. 2tr23c; acid. 24j U-. littet steady: family. $11 ..'.Ot;; mees. $3.3 v,, igb"ef hiiu. ry.!V-a21 30; reet. $1 ''t'i.; city xtra Jr.tlin rca. $p;yp;. Cut nirats quirt. fb-kUJ bellli. j 2511; jlckl-.! hou!Cra. $?t; .23 rUkld hm-, IM.ll.So. Iirl raur; U'etern nuim, $S i3. Rf.rr'l .toil; contlnert. $9.uS; P. A. UM: cwan'iinl. $7 i7. 12. iv.r r.ulet; family. $l t.ai7. h rt c!ar. $ls"; 17.30; mens. Tallow eteady; cty ($2 for package). 44c; county Tackar- fre. 4Ti'yc. Cotton-se i oil dtill; prime cru le nominal; yrtm yllow. 3V. Rlc quiet; dvmeatic. fair to extra, 4'HfVc;

FOREIGN DRAFTS and MONEY ORDERS

Foreign Money BoughtandSold Japan. 4c. Molasses qjlet; New Orleons, o;ien kettl. good to choice. 'S'yqUc. Coflee Spot Rio quiet. Nu. 7. Invoice. oc. .Hid steady; Cordova, v-jllc. Sugar Haw steady but quiet: fair refining. 3S-lv;; centrifugal. 3t test. 4 5-22c; molass sugar, 3 Henned faulet; No. 5. iS'c: No. 7. 4-7c; No. S. 4V; No. i. 4.6"c; No. 1, i.bZc; No. 11. 4..c; No. 12. 4.5kt; No. 13. 4.4 c; No. 14. 4.4 c; standard A. 'onfVetium rs' A. ü.2.'.c; mold A, 5.jc; cut loaf. 3.10c; crushed. 3 ICc; powdered, a.oc; granulated TEA 15 E IX (JKXLIHAL. Quotation nt St. Loula, Bnltlmore, Cincinnati and Other Place. ST. LOUIS. July 27. Flour dull and easier; lower to sell; new red winter patents, $3.4)''f 3C3; extra fancy ani straight, i3"S3.13; clear. $2.6372.30. Timothy peed no trading. Corn meal ! ateady at $2.83. iiian firm; sacked, east track, 8m?. Wheat No. 2 rod. cash, C-'ljc; July, R6Sc; September, 67i.c; December, 7oHc; No. 2 hard, fcc. Corn No. 2, cash, f.b'.ic; July, L'c; September, i3e; December. bic. Oats No. 2, canh, 3"o; July. 37c; September. 23,0; May, 3i,,c; No. 2 whitf 3J,J'54'c. Pork fteady; Jobl'ng. $i:.75. Lard lower at Jleats (boxed) unchanged; extra ?hrts, $.12'; clear ribs, $.27,; char IJs. $3.C2'i. Racon (boxed) unchanged: extra shcrts. $;; e'ear ribs, $X37Lj; clar sides. $.30. Hay 5ca-ce and firm; timothy, 111.30.15; prairie, $14.3'Kal6. Whisky steady at $1.29. Iron cotton ties, $1.13. Ragging. bS7Vii Hemp iwlne, ic. Receipts Flour, 3,C0o brls; wheat. 1G..,0 bu; corn. Iti.OOO bu; oatr, 4?.of;0 bu. Fhij.nienta Flour. 7.r) brls; wheat, lSV'O bu; torn, 38.0H) bu; oatr.. 19, Ow bu. LIVERPOOL. July 27. What Spot steady; No. 2 red Western winter. 3s 9d; No. 1 northern spring, 5s. 3d; No. 1 CaI)foma. 6s Id. CornSpot firm: American mixed, new, 4s 3d; old, 4s C4d. Flour St. Louis fancy winter dull at 7s Jd. Reef firm; extra India mess, ttts 3d. Pork firm; prime rne&s Western, 67d 6i. llama strong: short cut. It to 1 lbs. 545 4d. Bacon firm; Cumberland cut. 26 to 30 lbs, 43s; short rib. 13 to 24 lbs, 4Ss; long-clear middles. llht. 23 to 34 lbs. 46s 2d; long-clear middles, heavy. 3" to 40 lbs, 4"3 3d; short-clear backs. 16 to 20 lbs. 44s 61; clear bellies, 14 to 15 lbs. 51s 9d. shoulders, square. 11 to 13 lbs. Arm at 39s. Lard American refine. In palls, firm et 43s Hd; prime Western, in tierces, steady at 43s 3d. ButtT firm; finest I'nlted States, 02s; jrood United States. 77s. Cheese firm; American finest, white. 4m; American finest, colored. 4.s. Tallow Prime steady at 23s 3d; Australian, in London, firm at 27s. BALTIMORE. July 27. Flour firm und unchanged. Wheat steady with the decline; spot and July, 71Vu71c: August. 71'&71?c, September. 72i572ic; steamer No. 2 red. 67,1? 67?4c; Southern, by samrle. 63'ii73c; Southern, on grade, 6Sfr73c. Crn firmer; spot and July, 1,1$ &7,c; August. 371i'tf37';ic; September, 57avfiJfce; Meamer mlxrd. SG'tf SC'ic; Southern white corn, t&Öß'Jc; Southern yellow. fi58c. Oats more active; No. 2 white. 434c; No. 2 mixed. 414 I 42c. Rye quiet and steady; No. 2 near-by, 53c; J7o. 2 Western, 34c. LOUISVILLE, July 27.-Wheat No. 2 red and longberry, 6Sc; No. 3 red and longberry, 66c. Timothy seed, $2 per bu; extra clean bluegrass, 43330c: fancy bluegrass. $1.101.20; clover. $0.30:3 6.73. Hay. choice, in car lots, on track, baled, $15; clover. JlOftll. Straw, $3'tf5.60. ClefSi ginseng, $3.754 per lb. New potatoes, $1.73''i2 per brl. Onions. $191.20 per brl. Cabbage. $1.30 ptr crate. Green beans, $1.50 per bu; green ccrn, 11.5032 per brl. KANSAS CITY. July 27. Wheat July. 64c; September, S4Tc; December. 67ic; No. 2 hard, cash. 65ft65c; No. 2 red, 67c. Corn July, 6Csc September. 3'r,!Z:7.; December, 36 ; No. 2 mixed. 60'c61c; No. wiiite., 6T2361c Oats No. 1 white. W'JUz. I. .eipts Wheat. 13S.400 bu; torn. 7S.4"-0 bu; oi.M, 19.0ii bu. ShipmentsWheat. 127.600 bu; c.T. 36.S bu; oats. 7,0o0 bu. CINCINNATI, July 27. Flour firm. Wheat steady; No. 2 red, eff 69c. Corn firm; No. 2 mixed. 57'jC Oata firm; No. 2 .nixed. 405 41c. Rye quiet at 53c. Lard quiet at $.40. Rulk meats easy at JIS. Bacon dull at $3.23. Whisky rdl9tlller8' finished goos) steady on a basis of 11.29. TOLEDO. July 27. Wheat dull and weak; cash end July. 70c; September, 70; December, 7Jc. Corn quiet and lower; c?h and July, 54c; September. 334c. Oata moderately active and lower; cash. 33c; Julv and September, 34'i,c. Rye, LSc. Clover seed, cash, rrim. l-35; October, $6.20. DULL'TH. July 27. Wheat-No. 1 hard. cash. 71 t ; No. 1 northern, cash. 70c; JiHy. 6aHc; S-p-1-: :'jr, CJSc; October. 6STic; December, 64c; Nr. 2 northern, G5c. Corn not quoted. OatsCash. 31i33c. MINNKAPOLIS. July 27 Wheat Cash. GTc; September, Ct'.s4c; December. 6S8C. On track: No. 1 hard. 67-Sc; No. 1 northern, 67ic; No. 2 northern. CGc. MILWAUKER. July 27. Barley firm; No. 2, 60c; sample, 4j'?f33e. nutter, Ekicr nnd Cheese. NEW YORK. July 27. Butter Receipts. 3.933 packeges. Market firm; State dairy, 14&Vc; rreamory, lttw-'U'.c; factory, 13 13c; Imitaten creamery, !4'ul7c. Cheese Receipts, 2.20H packages. Market strong; fancy, large, colored. Vc; fancy, larxe. white. 9'ic; fancy, small, colored, 9Vve: fancy, small, white. 0',2c. Kegs Receipts, 3.611 packages. Market firm; Stata and Pennsylvania. 1dSi?17c: Western candled. H13c; Western uncandled, S,fl2c. rillLADF.LPHIA. July 27. Butter firm; fancy Western creamery. 21c; fancy Wetdern prints, 21c; fancy near-by prints. 24c. Eggs stady; fresh nearpy, 13c: fresh Western. 13c; fresfi Southwestern, 121 ic; fresh Southern, 12c. CTjeea ri'iiet; New York full creams, fancy small, Sy 93ic; New York full creams, fair to choice, S$ f'c. Iteflnod sugar unchanged. CHICAGO, July 27. On the Produce Excharze to-day the butter market was firm: creameries. 174'n 20c; rialrle. 13'(il7'iC. Cheese steady at 10'4c. Eggs steady at WcfE'aC LOUISVILLE. July 27. racking butter, 12!tc per ib; common country, lll-c; good, 124c Elgin. 22c in 60-lb tubs. 22'iO ln 30-lb tuba; Elgin lb prints. 23c. Eggs, hQV2c. KANSAS CITY. July 27. Eggs Fresh Missouri and Kansas stock quoted on 'Change at 7'jc dozen, !o?s off, cases returned; seconds, 4c. ST. LOUIS. July 27. Butter firm; creamery. K.fiUc; dairy, 133 16c. Egjs steady; netir-by, 7c; Southern, 6c. CINCINNATI. July 27.-Eggs firm at 10c. Butter üieady. Cheese steady. Wool. LONDON. July 27. The arrivals pf wooi for the fifth series of wool auction sales amount to 33.347 bales. Including 5,iX0 forwarded direct" to spinneih. The imports during the week wereNew South Wales. 3,U"3 bait-s; South Australia bales: New Zealand, baits; M-ibourne' 1.410 bales; BrlsbanV, 134 bals; Albany, na bales; Cape of Goa Hr.re and Natal, 2..i7 t'alea Callemos. 991 b; i -s; Falkland Islands, 770 bales' eUewhere, 'A? bales. ' ST. LOUIS. July 27 Wool rteadr; demand and movement fair; medium grades, ilftiTc; ligh fine, 11'rtHc; heavy fine. S'ijllc; tub wahed, 24c. NEW YORK. July 27. Wool quiet; domestic fietece, 26t:27c; Texas, löylTc. Oils. NEW YORK, July 27. Petroleum firm; refined New York. 7.50c; Philadelphia and L'altimore 7.43c; Philadelphia and Baltimore In bulk. 4 3c! Roln steaJy: strained, con. men to gjd. $n.w." Turpentine dull and easy at 35V:.c. SAVANNAH. July 27.-SpirIts of turpentine firm at 320. Rosin firm, guote: A. B. c $1I). $1.05; E. 11.10; F, $1.20; G. $1.23: II. $l.aö- i $1.4:.; K. ll.So; M, 2 2; N. $2.C3; winiojv giass' J2.53: water white. $3.23. WILMINGTON. July 27. Spirits of turpentine, nothing doing. Rosin firm at 93cSil. Crude turpentine cteauy at $1 to 12. Tar quiet at $1.40. MONTBELIER. July 27. Crude petroleum steady; North Lima, 9lc; South Lima and Indiana, fc'ic. OIL CITY. July 27. Credit balances, $1.23; certificates, no bid or olTtr. No runs r shipment reported. CHARLESTON. July 27. Spirits cf turpentine steadj at 32c. Rosin firm and unchanged. Poultry. NEW YORK. Ju'.y 27. Poultry Alive weak: springers, 12c; turkeys. Se; fowis, 9c. Dressed steady; springers. lO'tfUc; turkyst. 7ffS jc; fowls. J'fl-'V'. ST. LOUIS. July 27. Poultry dull; chickens. 5'tc; apr.nga. 10c; turkeys, frr; y.iung, l"12c; ducks. 3c; srir.gs. 6c; geese. 3c; springs, 4'j'ic. LOUISVILLE, July 27. He-r.s. 6J -tc per lb; spring chickens. 11 n 114c rer lb. $lij3 per dozen; Joung ducks, c per lb CHICAGO. July 27. Icd poultry steady chickens, 7lijr!2c; turkej.-, ic. CINCINNATI. July 27.-Poultry quitt; chickens. fc'jl2c; turkeys, Cc. Dry tJuods. NEW YORK. July 27. The dry roods m.-rket c'.- the wfck with a dull busin? or.ly in ail cotton giods d-rartnisnn. There are no si.ns of stuck accumulating In any direction, ar.d prices are maintaining- for both ttaple and fancy line. Print cloths inactie at coo j.rKs. American cotton yarn.s are quieter than iat wifk. but iTlces are steady. Vo:st?i yarns teady. with moderate demand. ,-olen yarns q.nit at previous prices, jute yarns dull and baiely steady. Mrtnla. NEW YORK. July 27 Thr wa the usual Saturday dulinas ln the metal market, and prlca c'.ai'gs wre rew ar.d far between. T.n w quiet and firm at 27 73:ic; lead dull at 4 J7J-i3; shelter dull at S rt3"3.!3c; cippr Quiet at 17c for Lak Superior and 16, c fcr c&MJr.g and olactrolytic. while Iron waa dull and unchanged at I'J.W'tjiy for pi iron warrants. No cables received. ST. LOUIS. July 27. Metala Irregular. Lead firm at 4.3U4.4.'c; rpelter weak at 3.Sjc

CONDITIONS ARE MIXED

31 ANY AM) VAHXAXT. AfJEXCIES IXFL.VEXCE THE STOCK 31 All K ET. Hear CampniKn Seems to Huve Overreurhetl Itself Itesonreet antl Demands In a Financial Way. NEW YORK, July 27. Not much comment is required upon to-day's etock market. The same conditions of apathy and inertness that have been gaining for the week prevailed. Trading was of unimportant, dimensions and the rrice movemenu were without significance. The public was entirely unrepresented in the market, and the nuager trading represented only the efforts of professional operators of the smaller class to Induce some movement of prices that would OiTer them a day's profits, whether on the up or the down grade. The dealings in the United States Steel stocks, and, to a less extent, In the grangers and Pacifies, overshadowed the rest of the market. The Steel stocks were strong on the same kind of operations as those of yesterday, seemingly based on a belief in an early triumph of the corporation in the strike contest. The common rosj 2 and tht; preferred 2U- The corncarrying railroads were benefited by the weakness of the corn market and the reports of the breaking of the Western drought. The American Locomotive stocks and international Power were sharply depressed. The Canadian Pacific's subsidiary roads responded to the recent strength in that stock. The Tobacco stocl;. People's Gas. Amalgamated Copper. American Cotton Oi. the Virginia-Carolina Chemical stocks and a f'iw others were notabiy stronir. Traders sold on the increase In loans'reported by the bank statement, but they induced no following and covered their short contracts before the cloi;e, which was steady at the recovery. The week just passed has given pretty clear evidence of the culmination, for the time at least, of the speculation for the decline in stocks ?.nd for the rise in grains which has been going on in the various markets during the whole of July. The effect on the stock market has oeen feverish and irregular movements of prices, with narrowing lluctuations and decreasing volume of business. According to the Invariable rule in speculative movements or any dimensions, this one has overdone itseir. The consequence has been reaction from the recently prevailing tendency. Stocks have recovered and grains have relapsed. Monday morning's prices were the lowest of the week, but did not reach the level of the preceding Monday. Continued hot weather and drought over Sunday brought an accumulation of selling orders into the market which sent prices down with a rush, and there did not seem to be the vigorous support whicn was offered the previous week when the steel strike had demoralized the Steel stocks. Everything looned promfoinrr T an a t-..nra 11T 1 r PPtlll IU Uf 1LvIcuh before long that the industry of that faction had involved them so far that they hesitated to commit themselves further and that they were disposed to close up their contracts. The same conditions were manifested in the grain markets, where the unloading of the longs produced a collapse ln corn out of all proportion to the meager relief reported for the crops ln the droughtstricken district. As a consequence cf the reactionary tendency of the markets the week has been given to a sort of taking stock of present prices as thev apply to actual future promise. More conservative view3 hive prevailed as to the relatively lower pricey warranted by the damage to the corn and wheat crops. It is pointed out that the heavy decline in the spring wheat yield lT!t year was found not to -vyarrant the severe declines in the prices of Northwestern Railroad stocks.- Earnings of those railroads were found to be well sustained by the verv large general merchandise traffic, and distribution to stockholders was not diminished. Experts' estimates of Lie vield of corn, on the basis of the damage done, reveal that a large traffic yet remains for the railroads from the crop. Ihe important compensation cf a successful wheat crop 13 urged. The relatively smaller proportion borne by the grain traflic on the Western railroads to the total tonnage H taken into consideration. The large surpluses carried by the railroad companies rt3 a residue from the several prosperous years rre cited to show their ability to face a year cf scantk-r earnli gs. Hut when all is said the fact is still recognized that the unprecedentedly prosperous conditions of the last few years tre already a.tered, with th final outcome of the steel strike still to be reckoned with. Even with tue severe losses already recorded from the high level of the year, in the prices of railroad stocks, the fct is kept in mind that the high level was beyond all warrant in actual conditions, and reuresented a large degree of speculative inflation. Questions arise which found no place in the excited period of bull speculation, as to just how stocks are to benefit in value, even supposing all that has been related of community of interests and passing of contrcl to centralized railroad systems be tru. The process ln almost every Instance was approximately the same, and involved the purchase of control at high prices and the issuance of bonds ahead of the stock of the purchasing railroad. These bond issues are of a volume that require the high earnings of the most prosperous years bv the purchased roads to pay the charges u'pen them and to keep the system out of bankruptcy, ln one case, for instance, the public and the investor are left in the dark as to details of what collateral secures an issue of "O.XO.Ooo of bonds, involving yearly charges of Jl.OOo.OOO ahead of the stock of the railroad. Another consideration is the enormous amount of capital rnd credits tied up in the purchase by syndicates of various control. The release of these credits naturally depend.- upon the marketing of the securities, whether bonds or stocks, issued to the public to recoup the syndicates for tlprir outlay in the purchasing process. It goes without saying that the recent conditions in the securities market have not be-en propitious to this marketing, and no small part cf the recent heavy liquidation is probably eiue to the measures for the protection of capitalISThe beginning this week, in a small way, of the transfer of currency to the inteiior to move the crop calls attention to the fact that recent liquidation in the stock market had a? its object preparation to meet this rcquirem, nt and not to supply means for a renewed speculation in stocks. The question also aris. s whether this year will see the normal response to this interior movement of currency in an inflow of gold from abroad. Business in railroad bonds has been on a small scale, except in a few issues that are related in value to stocks by convertible rights. United States refunding twos have advanced U per cnt. on call for the Following are Saturday's share sales and the closing bid prices:

Closinv Sales. JU'l. 21.1H) 7l't 7. 1C0 S't 2,0'K) &."'. :, 4.3i0 lUG", 67 1. () 43 3i'0 3l; 6".i) 76' 2 .VO 3 I'.'O 70 .... 122 ii0 22 .... Su1, 47 100 192 1,20 141 o'ß) 1S . 3s3 4' tJ 300 1J 48 'w) i:s 2234 41 f.00 Kl 3.7C') 37; r,'..i4 a 4 4Ao r.v i no us'. , i . ?"0 73 U") 34 11.. i;-2'i V 11S 7- pH 2'" 2:: I'O St-4 3im ppj 2.7'.-0 ::', -t 1 i:.p; 474 .' 22' i 1.V) 144 3.2'i.J 414 3) 7 2.)0 12 7'K) 40", .... id'100 674 12.7'x) 1)-, 1.M4 5.201 .V. 3. 06) 2V4 1.2'0 14 9w0 41L1

Stocks. Atchison Atchison prof Baltimore & Ohio Baltimore & Ohio pref. Canadian Pacific Canada Southern Chesapeake A Ohio Chicago & Aitjn Chicago & Alton pref... i'hi Ind. A Louisville t'hi.. Ind. & Louisville pre Chieau fe Eastern Illinois Chi.-aso Oreat Western Chicago tlreat Western A prof Chicago Oreat W?st-rn R pref.... Chicago Northwestern Chicago, Rock Island & Pacific... Cl.leao Terminal & Trans Chlcaso Terminal & Tram, pref.. C.. C. C. & St. Louis Colorado Southern Colorndo Southern 1st pref Colorado Southern 2d pref Lvlaware- t I In,.'. son Tel.. Lack. & Western Denver & Kio Orande Denver & Rio Clrande pref Erie !!rie first pref Erie second pref Crreat Northern pref HocKlnif Valley Hccklng Valley pref Litres C-ntral ba Central Iowa Cntril rrf Lake Krl Western Lake Ere ft Western pref LoulsWlle Nashville Mahs.ttr.n L Metro;lltan Street-railway Mexicm Vntra1 Mexican National Minneapolis , St. Louis Mt.ourt r.icJ.V Msourl. Kansas fe TVsas Mlsou'l. Kansas t Texas pref... N-w'jrey Central New YorK Central Norfolk A Western Norfolk &. Western pref Nor-herr. UacirV pnf Ontario &. Western I'eiiTi ylvanl Rcad'nf Reading first pref Hendln second t Tf s T.ou's A. Sin Francisco St. St. St. St. L. Jk 5n I'ran. l.rst pref I., .c. Far Fran, second p-ef... Loula Southwestern lentis Soutliwcilci ii pref Tiiil St. Paul pref Southern raclc .... inuthern i'.allvrav Southern Railway r"tf Texaa &. 1' 2 cite

NEW YORK CLEARING-HOUSE BANKS. STATEMENT OF THE ASSOCIATED BANKS 0? THE CITY OF NEW YORK FOR THE WEEK ENDING JULY 27. In the appended table clearing house bank.; only are included. The percentage of reserve is compiled for the Journal by the New York Financier.

RANKS Hank of New York. xTli. A Manhattan Company Merchants' National Mechanics' National America Phenix National National City Uhemi'-ai National Merchants' Exchange National Grdlatln National National Butchers' and Drovers' Mechanics' and Traders' 'ireenwich Leather Manufacturers' National , State of New York American Exchange National National Bank of Commerce National Broadway , Mercantile National , Pacific , National Bank of the Republic Chatham National People's National Bank of North America... Hanover National Irving National National Citizens' Na? - u Market and Fulton National National Shoe and Leather Corn Exchange Oriental Impoiters' and Traders' National.... National Park East Kiver National Fourth National Central National Second National , Ninth National , First National , New York National Exchange... Bowery New York County National Herman American Chase National Fifth Avenue Orman Exchange Germania Lincoln Natioral Garfield National Fifth National Metropolis West Side Seaboard National Western Fi.st National, Brooklyn Liberty National New York Produce Exchange... New Amsterdam National Ban's a Astor National Hide and Leather Totals .... Increase. Clearings for week ending July July 27. 191. $67.322.832.46. Clearings for week ending July July 20, 1901. $8.357,011.23. 27, 1901, 20, 1901, Toledo, St. Louis & West Toledo, St. Louis & Weet. pref.. Union Pacific Union Pacific pref Wabash Wabash pref Wheeling A: Lake Erie 200 li 21 34 99i 88 i 21 H 3S' 13 2Si 20 41 170 ISO S3 140 17 ,3'X) 30 200 2C0 Wheeling v L. E. second pref.... Wisccrsin Ontral Wisconsin Central pref EXPRESS COMPANIES Adams American - Unltf.l States Wells-Fargo MISCELLANEOUS Amalag-amated Copper Amerifan Car and Foundry American C-r and Foundry pref.. American Linseed Oil American Linseed Oil pref American Smelting and Refining. Am. Smelting and Refining pref.. American Tobacco Anaconda Mining Co , Brooklyn Rapid Transit Colorado Fuel and Iron 3.300 1,000 100 113 29i 83 2S 6") C4 100 133'i 144'i 76 ls SS'.i 218 fCV4 115 2'j3 53 20' 21 37 91 4 3 42'2 VJ1 41 74 64 37 11 4 42 85 206 134 74' 142, 62", 13 70 '4 7SV 194 5S 44H 9214 200 600 40 Ll-to 700 200 2W W0 Consolidated Gas .., tontinental Tobacco Continental Tobacco pref General Electric Glucose Sugar Hocking Coal International Papr International Taper pref International Power Laclede Gas National Rl.scuit National Lead National Sait National Salt pref Pacific Coast 400 400 40Ö 300 Pacific Mail People's Gas Pressed Stel Car Pressed Steel Car pref Pullman Palace Car... I.SO !H)0 "iöo 8." SCO 2.3 0 i.roo Republic Steel Republic Steel ref Sugar Tennessee Coal and Iron Union l?arr & Paper Co Union Hag and Paper Co. pref United States Leather United States Leather pref.... United Spates Rubier United States HublxT pref United States Steel United States Steel pref We.'tern Union 4f.O ino 1X 100 33.100 Total sales for the day 17.C00 UNITED STATES BONDS. k I?id. Twos, re? P74 Twos, cou: lC7i Threes, re.. 19 'S KS, Threes, coud.. 190S 103 Asked. 10Si lOS'.j, 103 l'w'?i 110 113'i ini 1.1S 133 lOS'i 100)4 Threes. Fmall bond 108li Kor.rs. ret?.. 1307 ....113 Fours, coup., 1907. ,.113 ..mV. ..13S4 .."".07 Fours, reg., 1925... Fours, roup., 2T.. Fives, rsg.. i:C4... Fives, coup., l&W.. 3IOXKTAII Y Rnte on Lnunn nnd KohanKe Clearif.pt nnd IJalanee. INDIANAPOLIS. Commercial paper, 4t? i'2 per cent.: time loans. o(är Der cent. Clearing.. $1.240. 44C.W: hn lances. J194.303.7S. NEW YORK. Monty on call nomiral. Prinu mercantile paper, 4Vtfi5 per cut. Sterling: exchange nominal; actual business in bankers' bill?, $U7S for demand, 54.S11. "Ji 4.S17 for sixty days; posted rates. $4.86 and $4.SSH: commercial bill?. $4.S4i. Clearing, ?1.92.501,4J8; balances, $11.441,613. CHlCAiO. Posted exchange. UM to $4.SSV- New York exchange, par to 10c discount. Clearings, $21,l,26,075; balances, $1,512.10i. LOSTON. Clearings, $2S,003,400; balances, $2,lt2, 4o. PHILADELPHIA. loncy. nCr cont. Cleat ine?, $12.612.033; balances, $1,S6Ö,502. ST. LOUIS. New York exchange. 50c discount bid. 35c discount asked. Clearings. $0.074.335; balances, $612,277. PALTIMOUE. Money, 43 per cent. Clearing?. $3.41,101; balances, $397,470. CINCINNATI. Money, 3fa per cent. New York exchange par. Clearings, $1,SS6,SÖ0. Money Itnles Abroad. LONDON. Money, 12 per cent. Discounts, short bil!s, 2 'a 2' per cent.; time hills, 1.VU2 11-K Conol?, i3. Spanish fours. t;iV G ld premiums: Buenos Ayres, 136.40; Madrid, 3$. SO. PA P.I S. Three per cent, rentes, lOOf d'e for the account. Kxchanjre on Iondon, 23f 19c for checks. Spanlrh fours, 70.80. .Markets for Silver. NEW YORK. Bar silver, 5SUe; Mexican dollars, 4Co. LONDON. Silver bars quiet at 2G-;d an ounce. Treasury Statement. WASHINGTON. Saturday's statement of the treasury balances in the general fUiid. exclusive or the $150.0 .O goM reserve in the division of redemption, shows: Available cash balance $173.013.675 Oold 9M;2,933 National bank notes for redemption 605,311 Receipts and Expenditures. Internal revenue Jl.Y4,0O3 Customs 01.921 Miscellaneous bi,',CZ Total $1.543. ;? Expenditures Jl.lw,") Saturday's surplus.. $iS3,70T. Specie nnd Merchandise Movement. NEW YORK. The Week's local sp cle ir.:ports were M7.M0 in gold and $97") in si'. vor. Exports were 5 1 . "3 in gold am' $C2.23o in silver birs and co'n. Local drv good. a;id rrcrchardl.se imports were valued at 19,31 4.1'W. "WEEKLY HANK STATEMENT. Increased Surplus Helps Money Market Condition .Materially. NEW YORK. July 27. The statement of the associated banks for the week ending to-day shows Loans, Increase Loans increase J1I.434.90J deposits, increase 3,793,2

r. c. lies Loans I 1T 7!.:-i $2.GC3.o): y.ör.o.oÄ'' 2.707.S'.' 2.7f;:. 3.3.i-! U72.V 2S.4,l'Vi; 3.f-7.l 2,"Vi.?'n); 28:.:-xi; 375. tXt, IIS.K-Ji 1.(0' fd7AK); 5.029. im), lo.(s.(Hj.V I. m.r.oo 2.15).nK; 125. 4' Xi, S.tO.tW1 H3.fitWl 22S.7X); 1.57S.1MIO, 5S2.4'Vj. 7Gl,Si'0 ?t2.7.:ii l,114.S0oj 7i0.!00: 3.751.0Ni! 2O2.0tJ 4.112.0in"; II. 245.0t), 223. if") I 2.473,Ö0üi 1, 71.(0'il l,8t).lH.li IS, 1 14.700 bsy.40o; 3f5,0'X)i 72f.,2öTtl 5.15.CX)j io,7t;o.rxi 2, ;w,70()i 221,200) 412.lXi 2.005. 100 1,476.700 471,300 1.255,2fXl 4S5,tX0" 1.633,0001 8.5! 9.100' 515.000' 1,283,001)1 781.8)i 1.127.0nO 1,018.300! 422.300! J1.S47.0' 2.032.W1 l.sl3'Mj 7t.A.i; 2.875.(;" 39 1.1 07.215, 4."1 J17.401.0''! G0.!32.t!'1: 16,114.7 I 14.752.0.x.; ü.3.Nt.('1', 4,711.xv' 124.1.71,7; 23.lV.6i: 5.059..(. 10.251.0J1) 1.2T.2,1"0; 2.875.0.'; f40.2M 3.747.6Ö0, 4,21.31 0, 25.443,00 6.028.6l01 5.44:4.500, 14.837.200: 21.7..0.') 13.129.t")( l3.y2i.o-i.'; 1X.20 7' xi' '23.711.5.; i.äöT.y; 10.! ''.4 N0 i.l52'V 2.624Vt; l.O'Jti.6.0 4.641.CM): 2!V57.U"0i 6.C32.ÖOÖ! 13.!.'3JO: 2."Jl.2iXj I7.tt;i.3'i 6.14Ö.0O0, 2.137.100j iiyo,ivr 47,814.400, 4,337.1100 3.162.21)! 2, W0.tXsj 5,S3S,2ti0i 3. Cti3.sT; 20. 824,0001 2.144.1M)! 23,T3R.K')i 4!,G.5.0oO; 1.3Cl,S0j 24.423.2o)! 10.0K..O(j 0.70.0CO 2.323.7001 54.51S.5Xi 3,J4S.?00j 3.100.00t; 3.4'K7,Ot0 41.143.IO0j 9,5S,700i 2.251,7X 2.idS,SXl 13.XN.7wj 7.07S.3i) 2,1K2.2'XI 7,4:0.2uj 2.S52r.0 13,3,ltK) 36,WJ.f'0t"i 4.4ä3,.Xn 7.013.7t); 4.413.POI 6.d5.3'0; 4.220.6' Nj 2,S05.2Cl)i i 3S.5 2y.3 25.4 26.7 29.0 28.6 .- . 26.4 27.9 27.6 22.6 20.4 24.6 1S.8 28.7 25.4 27.3 256 20 6 3r'.l 28.4 23.6 24.4 23.1 26.0 ) i 307 25.0 24.1 23.6 25.3 25.4 18.3 23.0 24.5 25.7 25.5 38.9 27.5 0.7 23.7 24.7 26.0 260 27. 21.1 26.2 25.0 21.0 23.9 26.7 24.4 25.7 28.5 25.0 25.9 23.5 2.341.4X)' 47S.eXH.ij '.O.Vi'. 2.5v! 275.'i lb0.3X 240.5' 4i J 3O4.S0Ji 2.276.1A.H); 7.2S2J.A, 374.7UO; 1, fiT.2' 5S3.UX)' 1.412Xij l,00!.50i 611.5001 1.313.4'"ni 6,07S.3ii 5t5,8t.H)i 186.100 21'4.2'Xl SS2.60öj 2t5.ru 0: 2.o;i.(; 284.()i 1,477.0'.)! 4,113.tiy! l'll.KV! 3,4r.S.5(Xi 1,37:.(! sm,ox 261,0! 2, rb..w; 214.100! 34'.ltjii 3C.n.,l'i 162,10 2,156.3 , YSl,W) 676.3Xi 53.S.!lK)j 2,212.700 256,y00; 138,3X; 720.201! 351,000j C,250,0lX'; 2,755.lX")i mlo-xv; 525,000! S51.5(Ht; 762.r:iK)l 3.434.2(K) 1 '.0.3"0: 6.413,201); 2.842,Xi')j 11.851.200 54.861.3) 4.504.0'; 5. C62,wXtj 3.032.8C) 6, f'Jl.4'Xli 4.108.4 )) 24.255.(i"i! 2.060.3 01 22.65.t00! 60,5Kl.0(j 1.550.800, 25.24.30iJ 12. 4ii4 .)! 10, (4.(X! 2,572,ll' Kl.S66.fJKt 3,7t.200j 3,113.0Xt! 4.51'3.r.' 3.237..VX' 4'). 735,3O0 11. a;:,Nv 3.220.WX); 4,5i!0.900 lo.av,iM.tj 6.SS2.1U), 2.373.8f0; 8.262.4X. 3,124.tX) 15.itl7,0X)j 43.S37.7O0l 4.862.0' 7.0S3.5')! 4.3M.2tXL 8.051.0O0 4,4S0.7'Xi 2,114.800! 317.7! 143.6D0 26.8 275 00.3 S67,G53.4(X); ll.lSl.Wi U7S,r21.200 I79.S42.0O0 42,P3S.5i0 1,419.4001 1.62S.100I 3,793,2(0l 1,251,520,071.12. Balances for week ending $1. 582,096, 472. SO. Balances for week ending Circulation, decrease ... Legal tenders, increase Specie, increase 72.G00 1,628,100 1,419,40) 3,047,5'0 94S.1U0 2.01O.200 Reserves, increase Reserve required, increase Surplus, Increase The banks now hold $23,127,500 in excess of requirements ui.der the 20 per cent. rule. The Financier says: "The statement of the New York associated banks last week was again favorable, showing an Increase of $2,099,200 in surplus reserve, carrying this Item to $23,125,577, or the highest amount reported since Feb. 2, when the surplus was $24.810,825. The banks, therefore, may be regarded as ln an exceedingly strong position for this season of the year, and they are presumably able to meet prospective der.iands for money from their correspondents in the agricultural sections of the country for crop-moving purposes without being under the necessity of restricting accommodation? to local borrowers. The gain of $17,&17,050 in surplus since the first week In July has been chiefly accomplished thrt.ugh the heroic contraction in loans, there having bpen a reduction of $33,26S,4W In the two weeks ended July 12 and July 20. It is noteworthy that the expansion of loans shown by last week's statement was largely incidental to the increase in the capital and surplus of the First Isutionai. The payment mad2 for the increase of $9.500.000 capital stock of the bank was placed in the loan account, and presumably the additional $5 0oo,0W surpdus was transferred iO caah from the undivided-profit account of the Institution. Comparisons of gains in the Lerns of locus, specie, legal lenders and deposits of the First National t-how an increase during the week of $9,002,4X) in 'loans, a gala of $ö,047,40j in specie and an increase of $10), 200 in legal tenders. These Items together call for a gain of $15.177.X'0 in deposits, whereas the increase shown by the statement of this bark does not h?rmoni7o by nearly $10,0o0.0 The gain of $3.047,500 in cash shown by Saturday's return of the associated banks very nearly corresponds with the preliminary estimates, but. as above stated, the exceptional gain in this item by one bank deranges all calculations and makes necessary a reference to the table of individual gains or losses in the Item referred to. The deposits of the banks as a whole show an Increase of but $2.793,2jo. whereas the gains in loans and cpsh together call for an increase of $14.5"j2.4Xj in deposits. The difference of $l0,709,2t0 is in great part accounted for through reasons already given." IvKllXC IX ADYKKSITY. How the Great Finnncler Höre Reverses of Fortune. YTorld's Work. A veteran of the street said to the writer a few days ago, while discussing Mr.' Keene's wonderlul work in United States Steel: "My views on Keene are not shared by the street generally. I have no liking for him as an 'operator,' but I have the gre.'itest admiration for him as a man. My liking dates from hla dark days. It was after he failed. There was a man who was use.i to the best in the land, lavish by nature, fond of the good thing of life, accustomed to the flattery of lesser speculators, loving above everything to back his views in the market with millions, to whom operating in stocks was as the breath of his nostrils; a man proud by instinct, a bundle of nerves, impatient of obstacles now flat 'broke.' Once so powerful and courted anl feared, now unnoticed, unsourht. regarded by thf strret as an exploded bubble about to join the ranks of the vast army of Wall-street failures. What dia he do? I used to see bom golnj? to and from his little cottage in the country, '.cause he was too por to live in the city, every cay like myself. I was poor, two. but I could still afford to have my wife's phaeton meet me at the station. Not so with Keene. He walked from the station to his house. How manv men would hve survived the sudden descent from mWvü.s to pennies? If the New-street saloons are full of men who e.nce swung big lines on stock and now gaze on the saloon ticker with blear eyes why should not Keene have sought consolation there? He bent his head when the storm raged and pushed onward, and twenty years later he was the admired Rnd envied an-1 feared king of the stock market. That's why I like the man." Undermining; the Dreibund. San Francisco Chronicle. A brief dispatch from Paris says that the budget committee of the Chamber of Deputies has voted to abolish the French embassy to the Vatican. This is another long step in the direction of dissolving the triple alliance. France would not revive the question of representation at the Vatican in this fashion unless she was strongly desii ous of pleasing Italy, nnd such a desire woud hardly be felt unless some assurance was given by the latter country that her menacing relations toward France with Germany were to be dissolved. Americanized. I love, try Tranatlar.Mc bruther well, I hate "h! foes infernally: With conclou priGe I fel my Iwcra swell When r. Kreeta nie fraternallv. Yet rr.iut it not. 1 sometimes ask. Lc fall That his loved pretm-nce might beRln to pall? His kodak on rny privacy Intrudes, His bvi nils t satiety, Hi3 canrud goodj crowd what late were solitudes, heiresses. Society. 'Tis hi. one drop of .wet In bitter v?up 'Tik hin. alarum wak. my servants up. His oil my lamp. hH corn my bel!y nllj. llv r.ui!:5 me my rnacainiry. Anl barO that tell the i-raifes of his pills Attorn ruy native c-rery: While ln the Tube so Yar.keef.td we are I vide rrforce in hi triumphal car. He wins our race?, teaches u to ride 'Tis tru?. I'm vry cure- it 1 O-ir markt-t fin.l a!l ft.vki are dull beside HU v.-r.--tlle t"curitls ; And near at tni. 1 hear, the p;rlo.l Is When al! our hipj and hlpyarus ehall be hU. He fills my cosmos. anJ I can but see, Ah eveTy Totn and Jrry can. Sonn I. my k'.n, rave, clime and lan-l may be KftentKlly American. ArJ I may own. of comfort quite bereft. That thfcre Is-nothing really English left. London Dally Chronic.

Specie ; Legals I deposits

THE LIVE STOCK MARKETS

CATTLE IX LAItc;i: Sl IM'l.Y. MILLING AT II All ELY STEADY THICES. 1IS SIott am! Alutit lO Cfnli Lower 5Tieci llnrely Steady Con el Ition of Mnrkct Elsewhere. UNION STOCKYARDS. INDIANAPOLIS. July 2". Cattle-Recelpis. 5t?: shipments. 200. The marketing of cattle this week has been of comparatively large volume, the total showing a gain o 1.0 over last week; nearly 2.t over the same week a year ago. and 3.5.0 over the corresponding week two years ago. The receipts were only 800 smaller than the largest number ever reeeUrl m this market in one week, which was tf,632 the week ending July 31, issu. The official receipts yesterday were a little more than 50 smaller than the largest number ever received In one day, which was 2.6-11. Aug. 19, 1S90. Tne receipts thus far this year ere nearly 29.C00 larger than the same period last year. The large receipts the rast week were not the result of any satisfactory conditions existing In the market, but the continued dry weather, which has forced feeders to dispose of their holdings earlier than expecied. A very large proportion of the supply was stock from Western States, where the drought has been more serious and prolonged. The arrivals, of course, have been principally stockers and feeders and unfinished cattle, and the proportion of strictly fat stock probably was smaller than it has been at any time heretofore this season. The dry weather in the territory tributary to this market caused feedrs to withhold their orders, and from the beginning of the week it has been very dimcult to find an outlet for the supplies. It seemed that prices were not a matter of consideration, and no doubt raltsmtn would have been willing to accept even lower prices than they did to effect a clearance. There was some little inquiry toward the close of the week from points here they had had rain, and orders were executed at about 25c lower prices than the close of last week, but salesmen were unable to make a clearance, and at the extreme close of the week there probably was right close to l.uüO head of stockers and feeders In the pens unsold. The continued excessive hot weather effected the meat trade again, and there was a corresponding depression in prices of fat cattle, especially steers. At the close of the week the best fat steers and probably heifers were selling 23c lower than the close of last week, and certain kind that ordinarily are considered good were considered 50c lower !n some Instances. The market for thick fat cows was more satisfactory than for any other class cf cattle, and there was not much change in prices registered, but the less desirable grades, that is, the class between canners and best cows, sold from 10c to 23c lower. The bull market. In sympathy with other grades of cattle, was weaker, and there was a sharp reaction In prices of calves. The market for Texas steers was strong ln sympathy with other places, but salesmen did not realize as high prices as expected. During the week nitlve steers sold as high as $3.K5; Texan?, $4.20; heifers, $5; cows. $4.u0; bulls. $3.90, arl calves, $t. The receipts of cattle to-day were considerably above the average at this time in the week, showing an increase of nearly 100 over last Saturday and 250 over a year ago. As usual heretofore this week the arrivals were principally stockers and feeders and unrir.i3ned grades, and the market opened dull, with the bidding backward. I inally. however, salesmen succeeded ln disposing of most, of the cattle fat enough lor butchers on a basis of about yesterday's prices, but there were very few transactions reported in the stocker and feeder line. Sales included 1.093 to 1,120-lb steers at $1 VXai.ZO. heifers as high as $3.85 and cows, $3.35. Quotations: Extra prh.-.e steers, 1,350 lbs ard upward $5.35 5.60 Good export steers, 1,350 to 1,453 lbs 5.00$ 5.25 Good to choice l.L'OO to l,3(XMb steers 4.90$ 5.15 Good to choice 1,1(0 to 1,200-1 u steers 4.63'$ 5.0) Plain fat steers, 1,350 lbs and upward 4.90!fr 5.15 Plain fat steers, 1.200 to 1.3u0 lbs.. 4.65 4.90 Plain fat steers, l.OtH) to 1.150 lbs.. i.OuU i.lQ Choice feeding steers, I.OjO to 1,100 I bs ................................. . 3 4 25 Choice feeding "steers, ""iw'Yo'l.ioo lbs 3.50Ö 3.75 aieaium leeaing steers, buy to 90J lbs . 3.1.Vf 3.50 Common to good stockers Good to choice heifers Fair to medium hellers.... Common light heifers Good to choice cows Fair to medium cow? ... 2.50tf Z..0 ... 2.1-' t.5 . 3.r2V 3.'"5 ... 2.y5, 3.25 ... 3.40-cf 4.25 ... 2.75 vi 3 35 ... l.()U 2 5o ... 3.5)f 5.50 ... 2.Wif 4. GO ... S.ilö fr 4. fx) ...3 251 3.50 Common old cows..... Veal calves Heavy calves Prime to fancy export bulis... Good to choke butcher bulls.. 1 omraon to ralr bulls 3.25 3.50 Good to choice cows and calves... 35.00ft 50. 00 Common to medium cows and calves SO.OO-tZ 30.09 Hogs Receipts, 4,500; shipments. l,530. The receipts of hogs continue comparatively ilbeial, the total this week showing an Increase of 5,500 over last week and 3,50) over the same week a year ago and the corresponding week two years ago. Thus far this year the receipts are about 5i,CM) larger than the same period last year. For the week ending yesterday local packers bought a total of 16,239, against 1G. 101 the preceding week. and 17,163 the same we'ek a year ago. During the same period th-2 snipments were 10,005, against 9,S1 the preceding week, and 7.334 the corresponding week a year ago. in the language of most dealers, "the hog market this week has been a sight," and will no doubt be remembered by shippers for .several months, but not en account ttf the profitable result of their shipments. The week opened in faiily good condition! but l.ter there was a reaction of 5'il)c in prices. About the middle cf the week heay hogs, on account of superior quality, rgaine'd some cf the loss, but tiiere was continued weakness in the market for light ho?s, and at the extreme clor.e of the v.'ak values broke badly. The shipping demand was good, and although of considerable h.Mp to the market was not large enough to exhaust the suppii. and in the hands of the packers the market fared badly. They could not have been more indifferent, and forced salesmen to come to their terms. From Thursday to the close of the week the average price was reduced from 25e to 20c, and, compared with the close of last week, the average can be considered a f.at 3"c lower. Tne elifference between prices paid by shippers and packers also caused a wider range in prices, which, at the close of the week, was Uc, against 25c at the beginning of the wee-k. A part of this tpreud. however, can probably be accounted fcr by the fact that there was a less desir; ble class of light hogs toward the close ot the week than early. The highest priese of the week was &U2H. and at the close of the week $6. On Thursday good mixed hogs sold at 2t R.90, pr.d at the close of the week at $5.uV(f 5.70. The receipts yesterday were about 1.5) la.ger than a week ago, and show some Improvement over a year ago. The market openn! with a few urgent thlpplng orders for prime heavy grades, which were executed at fully 10c lower prices than yesterday's high time. Packers were hs Indifferent as they hav beer, for several days, and after the first round it was very difficult to negotiate sales, but finally, at a flat decline of 10c In prices compared with Friday's average for the same kind, the offerings were changing hands slowly, and with the assistance ot shippers a good clearance was Anally made. Sales ranged from $5.G"lii ar.d the good mixed hogs soid largely at $"..6315.70. Quotations: Good to choke medium and heavy $5.7X?U) Mixed and heavy packing .r..G.;'. "..70 Good to choice light weights. Common to fair li'ht weights Common to good pigs ItOUl.-i .. 5.6" 'n 5.72'4 .. 5.'5.62V3 .. 4 ;V -.Vr,.v I. 4.75' 3.23 Sheep Receipts. 250; shipments snüll. While net a larg. as la.st T.v.'k the receipts of sheen and lambs this week have been comparatlv ly libtral Th.M;? is 1 decrease of 1.3." compared with iast wet k, but an increase of oer 3,7 0 cunpred with th sui.e week a year ago and Ihe terresponding week two years agj. Thus f:r this year the receipts are nearly 25. -r larger than the same period last year. To say that the market this wck hai been the most unsatisfactory f the re i son is putting it lightly. There was very little Inquiry from local bu'ehers ami shippers on recount of unprolitable deals last week were naturally very backward and be.irbdi and net inclined to pay -n-irket valus. Therefore, with very little decrease in the BUppl.es. salesmen had much difficulty ln transferring their consignments and W'-re "orccd to accept very unsatisfactory price In most instances. The very best class of sheep showed more strength than other grades and there was probably not to exceed 10'ul5c decline In prices. A very larg proportion or tLo receipts wer iamb and

there was a decline of rc to $l.eo in prico. At the beginning of thf wetk the lft lambs were sellirjr as hfch as $5.25 anl sheep i.s hlch as $t.r hut at the close of the v.tcl: $4 was practically the top for lambs, although a few fancy soli lis hUa as $1.50, and $.J.25 was practically the top f r sheep, it is ncesary ThM there j-hou'.d be a decrease in receipts before a rally in prices can te expected. The marketing to-day was larger th.n the avt r;i- ri Saturday and the nurket was very dull. b.ilesrnn finally succeeded in selling the best of their holdings at barely Mady prices, but the market cl.'d with quite a number of ordinary grides unsold. A very good claf-s of lamb t-old at $4. j jotatior.s: Spring lamhs Jl f" '1 1."

Good to choice yearling Common to medium yearling"... Geo J to chc'. e sheep (,'omnrn to medium sheep Stockers and feeding sheep Pucks, per li) lbs Z."-'iZ .. 2 '3.0 2. t'-i r.''-2.7 1.5o'.j2."0 2.5o ' 2.75 Trniituetluna rtt the Interstate Ynrd. INTERSTATE STOCKTARPS. INDIANAPOLIS, July 27. Cattle Receipts none; fh!pmnt ncr.e. All graies ar cuctd steaiy. with a KJ dtmar.d for the best kini?. A feelir.jf of weakness irval.". the market. Quotations: God td che lee pteers. l.SiO Its and upward $3.20 Fair ta medium steers, l.C.'3 Us and upward 4 !V 20 C,.d to choice LI. to 1.3 -'"Mb steers 4.7vi..0 Fair to raedlun 1.1S0 t- l.S'ö-lb steers... 4 ..-ia.0 Meuiem to oM V"i to l.V-lb steers.... i.7.-i 4 Good to choice fetdir.c steers 4.2.VJj4 V Corr.nrn to jroo'i et.vkers 3 "'il-f Fair to ni?dlum heifers 4.2."'-t4.7S vmn;cn to llsht heifers Z."'iZ.'A Goil 0 chclce cows.. 3..v( 1 Fair to T.cdium cows 3 ." 1 S.7J Cnnn.r.fr ccwi ". ! ' ' Veal calves 5. .";.! Hmy calve S.-V-'aVej) Prime to farcy export bulls 3.74.23 Hops Receipt i. shipments. 9" Tht supply was llshter than uual on Saturday. Tue market opened with another derlir.e cf Pjirsa from yesterday' averape. The best heavy hogt soll from SV8.VvV$:u. with lipid mixed ranptn from d.JiVi.771. errfers wfe urgent ard the f uppiy .svaic s'Ktti dUyf.sed of. The market closed steadv ct the decline.' Quotations: Good to ehctce heavy Good to choice llsht.. Good to cholo mixed Fair to jrooi pips Fair to good rM'ghs. '''-P?? t: i.7 :ä.i"'3 .. S.O. 7.'.. 50 .. J. .v none. Th Sheen Recelnts none shipments market Is steady and unchanged. The dem.ir.3 !s fairly kooL Q-jotatlons: Sprinr lamb. $ Fair to choic clipped lambs " Common to fair neep 2f."j3.f0 Lack, per 100 lbi 2.0iy2.isl 121eTThrre. KANSAS CITY. J-ily 27. Cattle Receipts, Market compared wl'h a. week apo. native beef steer nd cows, 15c to 2"c lower; Texan. lCc to 15c lower; stockers and feeders. 25c to tOc lower. Nomlr.nL quotations: Choice export and dres-e l beef steers. tt.?G.)ß; fair to pood. 4.7;.fo; 35: Hockers and feeder. 1.5(3 75; Western fed teers. $4.40C7.".r; Western ranpe steers. J3.2.''s 4 Zb; Texans and Indians. Vlti.2'; Texa cows. $?6g3.1'): native cow3, $2.5054.25: heifers and cows. $:? COS?.!1; native cows. flM-a : heifers. J2.1034.73: canners. $1.712.4; bulls. $2.i?4: calves. 2 505 4.5'1. Receipts for the week. 76.f' the largest ia the history of the market; lat week, 44.2'K. Hojts-Tteceipts. 1C.CW. Market lc to le lower. Top. .0:: bulk of a!ef. $"..''r 5.$'.: heavy. :. . & 6.05; laixed pnekerr. J5.6i.75.K5; light. $5.:i!5.72S; rig". $2.5,,'ü.'."3. Receipts for the week. 85.00; lat week. 107.3 0. PhpepI'oelpts. fir3. Market unrhanced. Umbs. $45; aethers. tWi: ewfs 37J4 2'; Western ranpe sheep. f3.2W3.fc''1: stucker. fl.005 2 Receipts for the wetk. 18,Hv; last week. 15.0AX ClilCACO. July 27. Cattle Receipts. SV. fnciudln? 2C! Texir.s. Market pnerallT steady. Good to prlrie sters quotable at $.". 2."a3.S0; pnee to medium, t:.2Z; stockers and fe-lers, $2.44 20; cows. :.7;5j4 5.); heifers. $2 2514.75; carrier. $1.2:2.2:: bv.lls. $2.2i(y4.30; clves, fJS.Ii; Tex o fcteers. $334.50. lbijf-Recelptr. to-day. 23.000: Monday. 4.vwi; left over. lO.C'O. Market fully 10c lower. Mixed, srd butchers. " 6 iii.'J'; pood to cl.olce heavy, $5.S0fiC: rouch heavy, ficya5.70; light. $5.Wtf:.$J; Luik of sales. T5.7jxj j f'. Sheej Receipts. 2.0X. Market steady; lambt weak. Good to choice wethers. tZ.Wu i.2Z; fair to choice mixed. $.25(Ti3.7:; Western shep, f3.2:5i: year'iinps; $404.50; native lamts, J2i;5; Western ie.mos. $4.4"'3-". OrTicial rerelpts and shipmer.tsi for Testerdar: Receipts Cattie. t.TwJ; hops. 27.510; she p. 12..-L Shipments Cattle, t.J-i-D: hojs. 4.9; sheep, 2.7SI. RT. LOFIS, .v!y 27. Cattb Receipts, 1.3.(0, including 4 Texans. Market itradr. Nativ s-hipplr.R snl expjrt steers, ti.'lt '; dressed bf t H i butchers steers, tS.ffni; 5.ä; steers ur.Jr 1,000 lbs. $3.4.15.10; Storker and feeders. fl"d) 4 1'; cows and heifers. J-i4.fc.: eannrs, fl.7j'ii? 2.".0; bulla. t2.2:4; Texas ar.d Ind. an steers, J2.W04.15: cows an! heifers. 12 303,15. Hoi-'s- Receipts. 4.700. Market ttadjr. P!ct and licht.. $5.705; 5.75; lackers, 5.tX4. S.fcj; butwheis. 55.ft!iC. ;h, . Hecclr's, 700. Market stady. Natl tautt. 1 .-. J3'f3.7.".; hrrbs. r..1.V2:, culls ani bucks. fl.7;(j,3.75; Mockers, $1.5"i;2 25. NEW YORK. July 27. Reeves l:ece!pts, one car conelpned to -lau;jhtr--rs; no t.allnp. nominally steady. Cables quote live cuttle ewslrr at ll'i ''1 12Uc ; refrigerator be f firmer at SVu&V. Exports? 2.257 cattle. 15 sheep, 33.3JS quarters cf betf. Calves Receipts none. 2o sales rtported; feeling steady. Jheep and lambs Receipts. 2.27. Sven car on rale; sheep f.edy; piin'e lambs firm; undr graJes slow and uncharged; three ci rs. mainly Ir.ferlor stock, ur.sol 1. hheep. tZi.ZZ; few choice. J4.5o; Ismbs. $4.2.'.'56; cills. f.xi. Hogs Re elpts. Ki2. t)ne deck --n sale. Feeling a trine ea-ier. Quotations, K.2'fc.ii5. LOUISVILLE. July 27. Cattle alKut steady. Choice to prime, shipping steer.. fl.7'.ii5; mcliu-n to tcood shipping Meers, $4 25ti4.ej; cl.olce butchers. f44. :yj; medium to (food butchers, $3.4.'JI 3.75; choice veals. !t.2ii5. IIoss dJlI Choice packing and butchers. 2' to 3J Jb. I5.!; fair tu r'.v1 packing. 11 to 2rj lbs j'i.'.Vvf 5.0; 1:00c! to extra I'ght. 12' to icy lbs, $5 5 .55; fat noats. ! to 120 lbs. $'.20'.5.40. filieo and I.amb Market ruled steady on fat sheer., gprlnc lambs firm at f5.5.'; other fully, stesdy. SOUTH OMAHA. July 27. Cattle Receipts, 700 Market kteady. Native steers. $4&3.7.' Western ste-ers. 3.7.ü 75: Texas steers, W i''J 4 40; cows and heifers. 52.7." 4.25; calves, f ;j5. llOKS Receipts. 12.S. Market 1 lower. Heavy, fi C.'cii.fO: mixed. $". 5Si5.C0; light, fi.ioj 5.6'J; bulk of sales. $5 5.'??". fc." Sheep r celpts none. Market unchange-1. CINCINNATI. July 27. Hogs qvltt and lower at jJ.k'.'ü.W. Cattle steady at $"5.25. Sheep steady Ht 2j Lambs EtcaJy tt t.75. Cotton. 1,27$ bales; stock. 3,f' bales. SIXT0 LOPEZ IN CÜ3A. Filipino Lender Seen t!i lleneflt of American Overwlht. lloston Herald. Fixto I.pcz, the able and accomplished Filipino, who Fpent let winter In thl3 city, has been vLdtlng Cuba and has contributed to Collicr'p Weekly the results of his observation, an article that must receive wld attention. To him Cuba, which has been under Spanish domination for about th same time as his native land, must hav been an exceedingly Interesting place, lie could enter Into the feelings of Its peopl by a natural sympathy r.o American can have now. His faJrrnindedness reveals Itself in many and unexpected ways. Evidently he was greatly impressed by what the American government has already accomplished there ln beneilcent amelioration of the condition. What most impresses us. however. Is the philosophic wisdom and practical good rens of hts counsel to thj Cubans, and the absolute freedom from ting? of bitterness of his references to the American people. What could oe liner la temper and expression than these utterances: To the people of Cuba, my advice is to meet America in a stdrit of good will anJ open confidenc'. remembering the generous tervlces that were once given her ln the hour of sure med. If at any future time the relations hnposed by Americans prove Irksome, or press unjustly, the American people may be trusted to remove or rectify th?rn. Administrations cme and go, but the spirit of justice roes on forever. Hemember that national morality and national feeling are an average between the highest and lowest, and cannot, therefore, be as high or refined as personal morality and feeling. Above nil. the Cuban people's greatest safeguard against future danger will be found in knowing, and being known by the people of America. " One cannot avoid de-iring to know whether he is rvady to ive si.Tllir counel to his own people. Why not? If the Cubans, after what has happcnel, shouM trust the fundamental cnse of Justice of the American people, why should not tho Filipinos? He is about to return to his native land. If he goes there to give surii counsel to bis own countrymen, he a 111 da more to confirm peace than twenty regiments can. Another Southeru Indication. Minneapolis Tribune. The It'ehmond (Va.) Times believes that the McLaurin movement "Is nothing mors nor los than a movement to break away from LryanUm and lVpulLm and put the Democratic party back where it was before the unfortunate revolution of lv., and that thre are thousands and thousands of Southern Democrats who are buk and tired of bein.T led around by the r.ose." Such language from a leadline Southern paper Indicatos deep disgust with Uryanl-ra ln that aectlun.

NEW ORLFANf. July 27. Colton quiet. Fales, v.'.. iir.Hrjirr S iT.-ICe .'iu.il ir,1lnrr

lew middling. 7 1.-10; rr.iddllrg, s Jl; too A mld-

s . v: m ai mir rair. j-iic. j;ecei.ii