Indianapolis Journal, Volume 51, Number 272, Indianapolis, Marion County, 29 September 1901 — Page 11

THE . IXDIAXAPOLIS JOURXAL, SUXDAY, SEPTEMBER 20. 1001. 11

AnnorPlates

DIRECTORS Ilervey Hates, jr. Wm. Dutrdale Frank W. Lewis Herman Lieber A. E. Mettger John Perrln E. E. Terry Joseph C. Schaf Ilenry Severin

AMERICAN navy were used by the ARMOR hItTT? in our armor P1.ATH Mfe d-posit vault. No cannöu hrt coald be dmggea ,hroush the 5trts " fire a projec He which would pierce them. Your wlnaWes.nrtw.llnotbein -treacherous safety Boxes t., to 50 a year. American National Bank Convenient Side of Washington St.

ana 24 vast.

JOr.lll 1. hLLI OTT Pro,

, . v . ,.

r ludi.n and INTKlL, Vices Pres.

PKESTOX T. K ELSEY, 2 J Vice Pres.

. v.. iitu.-5L.LK, Sec'y and Trcas.

TRUST, LOAN. PFMTai dcai t?

j INSURANCE, and SAVINGS DEPARTA1ENTS. j The- Marion Trust Company ? Northeast Corner Monument Place and East Market St.

CAPITAL AND SURPLUS, $410,000.00 RESOURCES, $3,800,000.00

The Capital N

Bank.

IXDIAXAPOLIS. T7ri-

With direct connections in every county in the State is especially prepared for handling mercantile accounts.

' ,r" F CI1H'C"MAXCah.;C. L. FA It R ELL, A.C

A. M. FLETCHER ! E 3& MEMBER NEW YORK STOCK EXCHANGE 128 Broadway, New York

Transacts a general banking: business. Receives deposits subject to draft. Dividends collected and remitted. Acts as fiscal agent for corporations and negotiates security issues of railroads and other companies. Deals in Government Bonds and other Investment Securities. Commission Orders executed.

Accounts of Banks, Bankers, Corporations and Individuals solicited. INVESTMENTS Belt Railroad Common Stock. Indianapolis Fire Insurance Stock. Broad Ripple Traction Co. Bonds, 59, due 19.10, guaranteed by Indianapolis Street R. R. Co. Choice issues Railroad and Industrial Bonds, netting 5? at 6 per cent. Government issues bought and sold. New Telephone Bonds. Home Brewing Stock. Bank and Trust Company Stock. Correspondence Solicited. Granger Farwell L Co. MEMBERSNew York Stock Exchange, Mew Yorlc Coffee Exchange, Chicago Stock Exchange, Chicago Board of Trade.

IndBan?)IS 39 South Pennsylvania St. A. R. THOMPSON, Manager. New Tri. 210. OldSaCMuln.

1 "' 1. u I 1 it i " -i - 11 'i iTr t 1i t im i i i

f I on the most favorable terms; L

f 1

11 P!-

Loans on Farms

In Central Indiana made on the most fa vorn ble terms; also, em improved property In Indianapolis. Trusts Executed. Capital $300,000

1 M

IRON - vSTLEL .SHAFTING. B O L TS, TURNBUCKLES F0R.GE5, BLOWER-S HEAVY IIAR.DWAILE W. J. Holliday & Co.

So. Meridian St. Telephone 46a.

j CHAS. FINLEV SMITH & CO. BANKERS 105 rionument Place,

INDIANAPOLIS, IND.

We have some high-class Stocks j and Bonds at attractive prices. : Call or write for particulars.

SAFE DEPOSITS.

S. A. FLETCHER & COS

Safe Deposit 30 Eo.t AVnsblnCtou Street. ict fre ffnd burglar. ToAbsolute .afety mg aRSJniaVd DfSineJ for Ücexan cay niSht , will. Vd. Abare keying of Mney. Boj'li and valuable tracts. Kilver I'late. 7".1 ' 2 10o boxes. Trunki. rackaces. etc. Contains Rent Jf5 to Per Year. JOHN S. TARKINGTON 31nger.

FREE TO INVESTORS

; Sauipla Copy of The llankinff - Bfore remlttln money to IrotoerB or . Ifnu for stocks, t-onä. oil. ,cÄivkIX(J Av.iiiLD.- An absolut. n"y "l.ahi- Sor 1 for investor!. "No us locking tbl nSr ' ftfr :he hore U gone." AaVur KAKIXO "WOHLD, 41 UrcAd

SAVING MONEY ISA HABIT It's a 'habit that grows, and the more it grows the easier it gets, and all the time that 3 PER CENT. keeps piiinir up. Start-to-day I Never mind how little save something-. One year hence you will wonder why you didn't start sooner!

IANATBUSTCO

Capital Surplus -

$1,000,000 - $85.000

OFFICES: Indiana Trust Building Cor. Washing'oa st. aad Virginia Ave.

. WHEAT .

TOCKS

that should to bought and sold during the activity at hand. OUR SPECIAL LETTERS this ropiinj werk will contain most valuable INF(llMATION'.?irti Aro mailed fre to thoso who vih to test tioir value. Alo our BOOK ju.-t published. of newand modern ile.n for trading In stocks and grain with safety. - Our customers are making money Frivnte wires to a'l exohanfjea. Lnrpre or stnall orders executed for cash or on margin. Interest allowed on deposits, llihesttbankin and tinancial references. M. Ii. TLOWEP. t CO., Hankers and J'.roker. Chicago Stock Kxchane Tlldff., Chicago. '

11 l im

WANTED New Telephone Fives Second Series.

CLrIFFOKD AKRICK 11120 InwKullfUnc,

Indiana Insurance Stock. Consumers' Gis Trust Stock. Home Brewing: Co. Stock. I have somo choice Investments on hand at all times. NEWTON TODD, STOCKS AND U0ND5, Ingalls Blocfc

MONEY to 3' - ' $500 and upwards. Loaned urn-n lmrroved city property, granting ir-rmission to make j-artiil payments. Interest graded according to location and character of Ercurity. No delay. C. i SAYLKS & CO.. 127 East Market StreeL tlTIlP 1 Tl (PRODUCTION VV Mr A 1 1 llS sCONSUMPTION; yYlll-rli HO ImsTKIBUTIorf Tho most exhaustive n ml comprehensive work vet published on the subject. FacUnnd öurcs vt lnelimable value to tho gratis dealfr and Siocul:itor. Write for copv-nlso safe plan for speculating in wheat, wbioti has for years suecessfully stood the test of constant operation in the market, securing average monthly prorlts of over 15 per OfMl t F1SÄNKLIX EVEUIIART, Wheat Specialist, 1-15 Exchange Tlace, New York.

CLEVELAND LAUNCHED.

Now Crnlser Sent Into the AVnter nt Dath Iron Works. BATH, Me.. Sept. 2$.-Great Interest attended the launching to-day, at the Bath Iren works, of the United States cruiser Cleveland. The spectators occupied every available space from which the ceremonies could bo viewed. At a few minutes before noon the christening party. Including Miss Ituth JIanna, Senators Hanna. hrye and Hale ami Representative Littletield. mounted the platform at the bow of the curlier, and almost at the stroke of noon Miss llanna. with a daintily mounted hatchet, cut the cords, ieleasins the keyshores. and as the big craft began to move broke a bottle of American champagne over the bow, christening the cruiser 'Cleveland. Whistles and bells saluted the vessel as she touched the water. , The Cleveland is one of the six sheath protected cruisers authorized by an act of Con-re" approved on March 3. ISA, lne principal dimensions are as follows: Vjater line length. feet; over all length 2 feet 9 inches; molded beam, 43 feet ZU, inches; mean draft in normal condition. feet J inches; corresponding displacement, i,) tons- speed. IG1 knots. Her armament will includg. ten live-inch rapid-fire guns eight "ix-pounders. two one-pounders and four Colt automatic guns. Important Iliiroau Change. CHICAGO, Sept. 2$. Tt was announced here to-dav that the National Burean of Identification, at prt-sent located in this ritv will be removed to Washington, D. r where It. is claimed, facilities for the work are' to be had. Th" date of the rh'in"e will be pet at a meeting of the board of governors in Washington next month.

WALL STREET'S BAD WEEK

FUAIl THAT THE CREST OF PROSPERITY HAD BEES REACHED.

lern.

Bnd Rumors and the Tomhle of Cop- (

per Demoralized the 3Inrket Yesterday Wan Encouraging.

NEW YORK. Sept. .23. With only two hours of trading to-day and a yacht race in progress a large part of the usual Interest in the stock market was diverted and the affair was principally one of small professional operations. There were some heavy blocks, running from 1,000 to 9,5W shares of United States Steel common and preferred. New York Central and Union Pacific transferred in the opening dealings, and the market generally went higher during the first hour. A number of obscure stocks was brought forward, some new ones being added to yesterday's list. Amalgamated Copper fluctuated, rising a small fraction at first and meeting support at early declines. The whole market sold off In the second hour, when traders took their profits, and Amalgamated fell 2U below last night. The Vanderbllts were also notably affected by the realizing in the absence of the buying from the sources which were responsible for yesterday's strength. The market closed weak. The bank statement showed a larger gain in cash reserves than was anticipated, but failed to reflect the expected contraction in the loan, account from the stock market liquidation. Preparations for October disbursements and for subscription to several municipal bond Issues during the week probably account for the offset to the repayment of loans by stock markets. Heavy liquidation from all sources has been apparent in the stock market 1.11 the week. The motive of this liquidation was obviously mixed and seemir gly somewhat conflicting. What are called the large financial Interests showed evidence of a divided sentiment early in the week. Morgan and Gould stocks continued to advance with signs of inside support when all evidence of support had been withdrawn in stocks In which Standard Oil interests are dominant. There has been activity for some time past by the speculative pools in the market, based upon the assumption that the great financial powers were united in a determination to support prices and protect the money market as they did through the crisis following President McKinley's assassination. The fact of a divergence of policy among these influential capitalists was sufficient to check the activity of the professional pools, even while the one party continued Its measure of support, which was only for a short time. Not only did the brokers who have acted as agents for the supporting powers in the market discontinue their measures, but they became large tellers of the shares accumulated by their heavy buying at recent periods of weakness. Joined with the ru?h to realize by professional pools, the effect was to throw the market at times Into a state bordering on demoralization. CAUSE OF COPPER TROUBLE. The disconcerting effect on speculative sentiment of the developments In Amalgamated Copper doubtless was an important element In deciding the change of policy on the part of the leaders. The conditions in the copper trade which are assigned as the cause of the present demoralization In copper stocks are not new subjects in Wall street. Even the omission of the customary extra dividend on Amalgamated Copptr stock was industriously rumored for many days before the fact. It was news to the speculators in the stock that foreign consumption and exports of copper had decreased eiurmously, owing to trade depression and failures of electrical enterprises . in Germany. Copper trade statistics were in circulation for weeks before the collapse In Amalgamated Copper, and even while its price was soaring to near its record figure. It was only on the very eve of th-3 dividend action by the bears that the manipulation for the advance and support ceased. The rush to sell after the reduction In the dividend found the market practically bare of demand, and the drop In the price from 107 2 on Friday afternoon last week, before the dividend was announced, to S'h on Wednesday was practically perpendicular. The selling of stocks elsewhere in the market was due in large part to speculative losses incurred by the drop in Amalgamated Copper. The whole speculative tone became pessimistic, and there was large selling of long stock and short selling by the bears. The general outlook was considered discouraging, and views were expressed that the cycle of prosperity had reached tho crest. Rumors were rife of the abandonment of some of the Important linanclal projects looking to extension of community of interest, and announcement accepted as authorized was made that measures for financing the purchases of Northern Pacific shares on behalf of Union Pacific were to be postponed until more favorable conditions. This renewed the latent apprehension of an outbreak of the quarrel over th control of Northern Pacific. Eastbound freight rates into Chicago were reported demoralized on account of the light grain movement, with a threatened extension to trunk-line territory, and specific assertions were published of a feud between Pennsylvania and Wabash over the entrance of the latter into Pittsburg, with threats of reprisals, fears recurred that the interior demand for money would exceed the resources of New York banks and would necessitate large curtailments of call loans to meet them, while the sharp recovery in foreign exchange carried rates well away from the gold import point and destroyed hopc3 of immediate relief from that source. Such were some of the items making up the feeling of discouragement in the stock, market during the period of violent decline in prices. MONEY MARKET'S FUTURE. The future of the money market, indeed, seems by no means clear, although Interest rates havo declined and banks have shown increasing disposition to accommodate borrowers. That heavy requirements remain to be filled for Interior currency needs is certain. Cotton Is being held at the South for higher prices and contract credits are required for this purpose. In addition the supply of cotton bills is diminished in the exchange market and claims upon Europe for gold are thereby reduced. The period of active money at home as well as abroad is approaching, and the pressure of Berlin this week and withdrawals of gold from London for that center indicates the extraordinary requirements incident to the end of the quarter. The condition of the copper export trado is suggestive of the possible effect upon other trades of stagnant trade condition in Europe and decreased demand for our commodities and. in some cases, increases competition from congested stocks and lower prices abroad. It is evident, also, that the week's demand for foreign exchange was due in part to a demand from shorts, which is in effect a repayment of loans from foreign borrowers made some time ago. Remittances on account of subscriptions to the British consol Issues also played a part. But on the other hand the week has seen the receipt of Si'.SOO.OOO In Australian gold at San Francisco and tho shipment of a like amount from Sydney. Large redemptions of government bonds have -relieved the drain to the subtreasury on revenue accounts. The week's liquidation in the stock market has in itself greatly strengthened the condition of the banks and relieved the speculative situation, and sentiment greatly improved towards the close of the week. There has been no notable selling pressure In the bond market outside a few srveculative bonds. United States refund-

r " 1 1

Ing twos aovanceu &,

1, the threes K and

the new fours i over the closing call of

last week. Following are Saturday's share sales and the recorded price changes: High- Low- Closing Stock. Sales. eft. et. Itid. Atchison 27.3 77; 76 76N Atchison rref 3,5 J"5st ij'i f:, Baltimore & Ohio M 102, 101!, 1GF r.altlmore Ac Ohio prf ä3 Canadian Pacific M lK.i; urn llo'i Canada Southern 11.2) J."3

Chesapeake .M- Ohio.... ; " 4 j' 4.j-

Chicago Ai Alton

Chtca- Ai Alton pref.. Chi., Ind. & Louis Chi., In I. & Louis, pr. CM. & Kast. Il'dnoU... Chi. ;re.t Western.... Chi. W. pref. A.... Chi. C W. pref. B.... Chi. &. Northwestern.. C . R. I. & P Chi. Term. & Trans... C. T. & T. pref C. C. C. ; St. L Colorado Southern .... Col. South, first prf.. Col. South, eeeond rr. Delaware & Hudson... IVl.. Lack. r Weft Denver Ä- Rio Orar.de. Den. &. IL ü. tref

&0 4j0

37'i S7lj

4x5 23

2! ?..vo r. 0 4 7') 4-M)

ex)

141' i 4 42 114 14, Mj 2-V',

S3Vi

42 75

4P 12." 43 vr: 14-1

41 47 ff,i2 14 14 r.4; M'i 2j 23 Ii: 1Ü4U .... 22 .... 4 1 j 5 1

Erie Kr! firt pref..

I'ri second rref..

ireat Northern pref... Hocklnir Valley Hocking Valley pref Illinois Ontral Iowa Central

iowa central rr?f--I-ak LIri Ac 'fe?i

L. i:. & W. rr.-f.

Ivji5vllle & Nashville. Manhattan L Met. Street-railway ... Mexican Central Mexican National Minn. Ai St. Lrui Missouri Pacini Mo., Kan. Ar Tex Mo., Kan. Ac Tex. pref New Jvrfcj Central.... New Tork Central Norfolk Ac Western.... N. & . pref Ontario & Western....

Pennj-lvania l.?

7, Tv ) 1 2.2' 0 :!) 2') 3, 'Nlj 1') l.l'M 1.4'i 1! 'Vh 7' I'M 1 ') 4. t !')

St. St. St. St. St. St.

1. '..0i( I, 1 1.2) Vi 2, 4 M h:0 II. :

e,P 0 o 4 o K.l'f) 7,4 )

21,700

4Vi 7u'-t -.:,' lvli 147 414 7'.', r.4 El-s

S7 -4 :.4 4 ICS 24' 3 14Vj 42

'4 2

Sl'i C2 iciTi f-7'i ' - 4 S7 42; "1 "4

4 42U

Reading

Reading first pref Realirnr second prf... St. Ixuis & San Fran.

I Ar S. V. l t pref. Is. A.- S. F 21 pref.. L. Southwestern... L. Southwest, rref. Paul Paul pref

Southern Pacific Southern Railway Southern Railway pref Texas As Pacini Tol., St. L. A: Vr.t.... Tel., St. L. & W. pref

i nion I'aeinc I'nion Pacific nref

Wabash i"x Wabash pref 4 Wheeling A: Lake Krie .... VV. A: L. E. 21 pref "WIsconFin Central .... 4fif) Wis. Central pref 2

EXPRESS COMPANIES Adams American United States Wells-rargo MISCELLANEOUS. A mal. Copper 2,4X) pi Am. Car v Foundry... lr0 0'i Am. Car ai Foun. pr Am. Lineeed Oil Am. Linseed Oil pref

Am. Smelt. & Refinin? Am. Smelt. & Ref. pr. Am. Tobacco Anaconda Minim: Co.. Brooklyn Rapid Trans. Col. FupI 4L- Iron (Consolidated Gas Con. Tobacco Con. Tobacco pref General Electric Ilockin? Coal Inter. Paper Inter. Par pref Inter. Power Laclede Gas National Riscuit National Lead National Salt National Salt prof North American Pacific Coast

Pacific Mail People's Gag

Pressed Steel Car Pressed STed Car pref Pullman Palace Car.... Republic Steel Republic Steel prof.... u n r Tenn. Coal & Iron T'nion Rae & Paper Co

l '. is. Ac I Co. t.ref....

Leather Leather pref Rubber Rubber pref

stee

Steel pref

14 7v ü'i r .1., 4 m- -I -I 11",' i 4 IS Tv-4 7"' r, p 4 l-o'4

i '. 's '' 271 :.4-4 10:i 1 r.4 144 41'4 7G r

r2 ii" 4 1 ' 4

-1

221 43 '

f,0 2n0 100 2) 2.200 i.r)o

20 400

4M; f ' 4 97 213;

is 001 t -"2

1.400 04' 2

IT. U. TJ. TT. u. TT.

S. s. s. F. S.

200 2)0

5"0

4 TOO 3,000

fr)

44 2)

1071;

ir.'i f.fi4 124'i GIVa

12'i S'J

Western Union

100 11.9 i0 1M

r4 Pi 91H

23'4

4:,', P;"4 2t;s; 67 Pr, 213', 2

200 IS 22! i 94'i

44 13-

41 107'.;

122

12'i 54' 4o's P414 81

Total sales 277, soo UNITED STATES BONDS.

United States; refunding twos, reir

united States refunding twos, coup ITnited States threes, tax T'nitel States threes, coup United States new fours, res United States new fours, coup United States obi fours, re? United States old fours, coup United States fives, re? United States lives, coup

4l ." IV" 4 w 146 4-4 ll 71 i::.,'i P 4 1"' i-7 4 1-2 :' hi 24'; 144 it 414 7 r '.. 7S CS .".5 151 lS w I jc; 4122 4 2 P7 S7 "' .4 IS 20 22' 2 42' x 10 ll'O l0 ICO

Wit; 2'J'4 M',2 ir 4) 4". :.r, 122'i 2t;2 67 J4Ti 21 115 2';'t 17U

4 '-a P4 Pt 41Ti 2' 40 -! P5 ca 404 107 40 SO 10 122'; 13 71 12H :rt4 i7v; 2 94; a öl

..1U!" ..P'S, ..I'J. ,.12: ..112 ,.113 ..IS ..10S

Locnl Hanks and Trust Coinpnnic. Eii. Asked. Capital National Rank 140 142 Central Trust Company 112 y' Columbia National Lank 105 Indiana National Iank (new stock).... I'M Indiana Trust Company pji Marion Trust Company 170 .. Merchants' National Rank 112 Union Trust Company lyj

Strcet-Ilnilvrny nnd Ilelt Sectiritles.

Indianapolis Street-railway Indpls. Stret-ry. fours (bonds). Citizens' Street-railway fives Rolt Railway common Reit Railway pref '.

Eld

. 41 S2'3 .10! . PS .Hi

Asked. 4S

S3 '4 110" 101 125

Chicago Stock.

Granger Farwell Si Co.'s Wire American Can 3 American Can pref 73 National Riscuit 444 National Riscuit irof 102 Diamond Match no Nominal.

31ÜMMAUY.

Rntes on Lonnn nml lxolinnc ClenriiiRH nnd Ilalnnce.n, INDIANAPOLIS. Commercial paper, 4U T5 per cent.; timo loans, 55 per cent. Clearings, $1,1S3,217.2S;- balances, ILs5.S01.22. NEW YOIiK.-2-Money on call nominal. Trimo mercantile paper, Ao'2 per cent. Sterling exchanpo nominal, with actual business In bankers' bills at Jl.S.". for demand and at $4.sr.U'Ti4.S314 for sixty days; posted rates, $ LS I and $l.SGU; commercial bills, ll.V'l.S.T;. Clearinss, ?2G3,5C3,Ci53; balances, 515.243.bCJ. CHICAGO. rosted exchange, $i.SI and $l.St'2. New York exchange, lOo discount. Clearings, $22,W7,159; balances, $1,655,220. BOSTON.-CIearingp, 521,500,120; balances, U.747.S1S. nilLADELPIIIA. Money, 4TT4 per cent. Clearings, 51S,514,53s; balances, 3C4.CS0. ST. LOUIS. Money, 4ft6 per cent. New York exchange, 20c discount bid. par asked. Clearings, 55,770,181; balances, ,$5S4,005. BALTIMORE. Money, 4Vr per cent. Clearings, 53.5i25,452; balances, 5504.2S4. CINCINNATI. Money, 4ft G per cent. New York exchange, 25j35c discount. Clearings, $1,956,150.

Money Ilntes Abroad. LONDON. Money, 23 per cent. Discounts: Short bills. 2 3-KK2U per cent.; three months' bills, 2U'0"2 5-16 per cent. PARIS. Three per cent, rentes, lOlf 5c for the account. Exchange on London, 25f 212C for checks. Spanish fours, 70.40. BERLIN. Exchange on London, 20m 2S'.2pf for checks. Discount rates for settlement: Short bill?, 4'2 per cent.; three months' bills, Zi per cent. 3Inrke(s for Silver. NEW YORK. Bar silver, 53Uc; Mexican dollars, 45'c. LONDON. Silver bars closed at 27d an ounce.

Specie nnl 31erchnnllsie 3Iovemeiit. NEW YORK. Exports of silver from this port to all countries for the week aggregate $771, 130. and $1,003 gold. Imports of specie were 5j'j7,42S in gold and Jl'S.oOG in silver. Dry goods and merchandise imports were valued at 5l0.C21.21l. Treasury Statement. WASHINGTON. Saturday's statement of the treasury balances in the general fund, exclusive of the 5150,000,000 gold reserve in the division of redemption, shows: Available cash balance $19n.2.2 Gold 103.27,675 Silver 21.22S.S65 United States note? y,44,475 Treasury notes of ltO) 71.C53 National bank notes 9,73'371 Bank notes for redemption 412,316 Receipts and Expenditures. Saturday's receipts $1.456, nno September receipts 41.561,370 Receipts this year 12:,275.S36 Saturday's expenditures l.lW-O September expenditures 31,750...") Expeditures this year 123.4-j,0iS Deposits in national banks 128,251,14$ Saturday's Receipts and Balance. Internal revenue $2,C24 Customs 11,164 Miscellaneous 22,210

Total Expenditures

$1,515,?.$

Saturday's credit balance $345,K3 WEEKLY BANK STATEMENT.

Arrival of ifS.OOO.OCO In Gold Mnke the Prospect 1'nsty. NEW YORK, Sept." iS. The statement of the associated banks for the week ending to-day shows: Loans, increase J1,660.5;Y Deposits, increase 6,i,4J Circulation, decrease 425.SO0 Legal tenders, increase C26.VX) Specie. Increase 3,534.) Reserves, increase 4.1 61.400 Reserve required, increase 1.322.6) Sirplus, increase 2,63ioO The banks now hold $1 7,223, 023 In excess

of reserve requirements under the" 23 per cent. rule. The Financier says: "Thi statement, like the preceding on, was doubtlefs mide upon rising averages for cah. the payments for bonds in the closing days of the bar.k week having b-en comparatively large. Moreover, there was an arrival of JUmVV-1 from Europe nftr the close of the bank week. The $2.5oimi frold which arrived laPt week from Australia will be transferred through assay oflice clucks to this city during the current week, as nlo In all probability will the $1.0Afjo gold which has arrived at Port Townsend, Wash., from Cape Nome. This makes over $2i..) gold, which. It is reasonable to suppose, will be added to the casli of the bank this wtvk. besiJes the amount which may be paid for bonds. The bank ituation for the immediate future therefore seems to be encouraging, showing a continuance of easy monetary conditions. It should be observid. however, that there is a concurrent drain of money into the treasury on current tiscal operations and to the interior for crops, which may easily cause more unfavorable conditions, and these could scarcely be avoided should bond offerings to the treasury materially decrease in volume. So far hs the banks can control the situation, it is fair to assume that they will strive to make as favorable an exhibit in this and the succeeding week as possible in anticipation of the October call of the controller of the currency for a statement of their condition. The new controller will doubtless make an early demand for such a statement."

PRIVAT AVIIUl AI1VICES.

Short Interest Seems Again Disponed to Cover Its Lines. Meyer & Riser's Telegram. NEW YORK, Sept. 2S. The feature at the opening of the market, was the scarcity of stocks for sale. Commission houses seemed to have a moderate amount of buying orders, while the short interest was again disposed to cover. Railroad stocks advanced rather easily, more especially St. Paul and Union Pacific, Atchison and the Vanderbilts. The Berwind pool was thought to be active in Atchison, and the buying was based upon the expectation of a favorable statement for the fiscal year entllng June V.o. Before deducting the preferred dividend, which has been increased during the year to the extent of over $2,W0,0o0. the balance showed an increase of over $2,700,ißjQ. The increase in preferred dividend and the initiation of dividend upon the common stock resulted in a decrease In the surplus as compared with lLoo of over $l.oXU.). but the surplus for the year was over $5.2ju,ju0. The showing may be called an extremely gratifying one. With the exception of Amalgamated Copper and Anaconda the market held strong until after the publication of the bank statement. The market sold off, tho decline being probably due to profita-taking as much as to anything else, and at the close about half the early gains had been lost.

Good Iliiyin: Early. Granger Farwell & Co.'s Telegram. NEW YORK, Sept. 2S. The market opened near last night's close in most cases and advanced on buying for both accounts In expectation of the bank statement. The covering of shorts was especially notable in Atchinson and to a less extent on other stocks. After the bank statement appeared there was selling to realize profits, which resulted in many stocks losing their advance. The advance in Toledo & St. Louis has been expected by people on the inside. There was little stock offered, and it advanced quickly when buying orders were sent in. Copper was strong early, but was one of the first to weaken after the bank statement came out.

CORN DROPS 11-4 CENTS

AFFECTED BY LOWER CABLES AND GOOD CHOP WEATHER.

Wheat Resists Pressnre nnd Rises a 3Iere Shade Juuuury Pork Products Up 2 l-llc to 5c.

CHICAGO, Sept. 2S. The customary dullness of Saturday's short session prevailed on the Board of Trade to-day, and under bearish conditions December corn closed IViO lower, December wheat a shade higher and December oats 'iiYzO lower. Provisions closed 2Väc to 2230 higher. Corn opened heavy and ruled weak all day, December starting Uic lower, at 57s4'?(375;c, on lower cables and fair weather for maturing the late crop. There was a feeble attempt by the bull party to press the price back, but December held 57"ic only momentarily, and on liberal offerings by longs who ' bought early in the week December broke and declined rapidly, closing weak and lUc lower, at DC?ic. Receipts were 21S cars. When wheat opened a -small bear ring succeeded in pressing the market for December under 7uc, and it looked for a time as if it would stay there, especially with the inlluence of a slumping corn market. December started Uc lower to unchanged, at 6:)";it70!;c, on lower cables and liberal receipts, and, with the Northwest a seller and a seeming exhaustion of buying orders at 70e, the sales kept around 'jc for the first hour. A fair outside demand developed, however, and on shorts covering the market touched 7OJ)s'570Hc and closed easy find a shade higher, n't 701krn7o1ic. Local receipts were 12S cars. Minneapolis and Duluth reported 916 cars, making a total for the three points of l,ol4 cars, against 1.4J2 cars last week and C12 cars a year ago. Primary receipts were 1.157,000 bu, compared with 1S1,J01 bu a year ago. Seaboard clearances in wheat and flour were 631,Cm) bu. Oats wero more active than for several days, though under the inlluence of corn the market was weak. December opened VS'tlic to igC lower, at 353i'ii357c to 357sc, and following the breach in corn and on a liberal liquidation declined and closed weak at the bottom figure, tnc lower, at 35' C5';c. Receipts were 221 cars. Provisions were dull, though Independent of the grain market. Local buying and a strong hog market strenthened January products. and January pork closed 2i'5c up, at $16.157 1G.171,, January lard 2c higher, at $0 50, and January ribs 2y2c up, at 5S.35. Estimated receipts for Monday. Wheat, 103 cars; corn, 230 cars; oats, 210 cars; hogs, 3J.000 head. Leading futures ranged as follows: Articles. Opn- High- Low- fclosWheat ing. est. est. in?. Pept .. CS CS-VGS'i es' esvcsvi I)c ... C.'7s-70' 7;V7ül3 6:78 70V70

iiay .. 4-i2-'- . j. .

56'i

B.Vi

56' J

.. 341:

I , 4k I ,

vi 1 , it t ST.

$l".f'3 16.25 1G.C5 10.224 l'). .:.2'i

5Sa

34H 3.".' 2

$14.97i 16.122 16.30 10.22'i 10.00 9.T.0

66-

3li

$1!.!7'4 16.174 10.224 10.0:4 :.. 9.:u

Corn

Sept Dec May OatsSept Pec , May Tork

Oct ....$1".00 Jan ... 13.124 May .. 1C.3-4 Lard Sopt .. 10.224 Oct ... 10.tt Jan ... & r.O May ..

Ribs ilt? t Oct ... 8.S24 8-S24 8-&T4 Jan ... 8.324 374 8.324 8.35 May .. S.40 8.4j 8.40 8.424 Cash Quotations were as follows. Flour stadv; winter patents. S.50'4'3.60: straights. fCfi'3.10; clears. $2. &'.'': 3.40; prin? specials. Jlul.10; patents. $:3.3j.ti: straights. J2.80.t.2O. No. 3 raring wheat. 66-aCl'c: No. 2 red, 7''li704c. No. 2 yellow coin. 57,-.c. No. 2 oats. 35;i'3S7sc; No. 2 white, 37fi3c; No. 3 white. CCs;fi'374e. Fair to choice rnaltinsr barley. 4i?iC0c. No. 1 fiaxsed, J1-C6; No. 1 Northwestern, J1.C6. Clover seed, contract grae. JS.3".. I'rirr.e timothy sed. $3.33Tiö..0. Mess jork. per tri. jlj'lö.C".. Lard, per l'x) lb. lj.20 (alO.224- Short rib Fides l-o). S.Waj. Drysalted Shoulders (boxed), f7..7.73. irhort clear si.'.es (boxed), $3.3ü'J.G0. "Whisky, basis of high wines, $1.20. Receipts Flour, 23.000 hr!s; wheat. 12?.o.-)o bucom. 324.000 bu; cats. 2S2.&J0 bu; rye, S.V0 bu; barley, 41.-co bu. Shipments Flour. 20.) brls; wheat, ISS.'GO bu; corn, 4:S,((0 bu; cats, 117, XK) bu; barley, Sl.) bu.

AT .EW YORK.

Corn "Was Off nnd Wheat Closed Steady Coffee and Sngar. NEW YORK, Sept. 2S. Flour-Receipts. 21,105 brls; exports, 10,970 brls. Market neglected and barely steady. Wheat Receipts, 113.350 bu; exports, 1,347 bu. Spot easy; No. 2 red. 75Uc f. o. b. atloat; No. 2 rnl. Tjc elevator. Options opened easier, owing to foreign selling. of May wheat, local liquidation, big Northwest receipts and prospects for bearish statistics on Monday. Later they partially recovered on covering and closed steady.

May. 7 s y-16 54c, closed 7v,c; September, -tZ!r.Vc, cloned 71c; October, 734fi73!ic closed 7U,c; December, 75j75 13-lCc, closed

CONTRACTS FOR CARE OF ESTATES ThoSectiritv Tmt Compntiy invites ronn-.ltatlon or eorreHK)ndence with tho-' wMilng to makowllN. S h.-re the companv H named :i vrcuV,r,n definite contract n to nil charges 'is made. If deIrel. your own attorney wll le erupt. vil, at th" .inpany' ex jmi 1 i.r ?vre Iii 1.1.. ah rxiTirneed mana-. r i- in ri,ar-- of tfie company rmbn ite d. partnpnt. Itco! 1 s than having an Individual fcMIe your estate ufter death. - ' 4S NORTH PENNSYLVANIA. 5TREET.

President. . Vice-Prwld

ent

A OKI.

(Opposite Posloffice.)

OPPlCEliSl

MEltlcrs C. IAIL. 2.1 ice-1'resid. nt .AN DOM. PACKARD. Treasurer

GF.O. .T. M A ROTT WM. F. ClIL'CliMAN.

Secretary.

...liAVIN L. PAYNE.

f 1 .nmmjv '.f

11 1 1

JJjo .... MONTHLY DIVIDENDS .... jLO j

mmm

The Olio mi

Company

F. B. WILKINSON, Pres. W. W. ROSS, Cashier First National Bank, Trcas.

This is not an ORDINARY oil company. It is on a different plan from most. For instance, we BUY oil territory only upon which are wells already producing oil, with locations for new wells certain to produce when put down. We have such a tract now of 683 Acres, with 38 Producing Oil Wells And room for 30 mors (one to each ten acres.) We have options on other tracts. We want more money to buy them. We practice rigid economy. It is cosin? oulv 30) p?r month to pump the oil oa the GSS-acrc tract. From the EARNINGS we are paying Io Monthly Dividends Upon Investment Every dollar realized from the sale of stock is being used to buy oil producing property. None is listed in prospecting. Prospecting ia coMly and unsafe. The Standard Oil Company lets other people do that; but it buys oil producing property and has grown rich. We expect to have 1,000 wells in a year. Oiir present wells are in the Lima, O., fields. Our options are there also.

The Ohio Field is the Best in the

United States

are

steady

The product is of the highest grade of illuminating oil. Thc bi-products numerous. Its price will always be high. The wells are lonp-lived and are dv producers. For these reasons this fisM has yielded KNOR3IOTJS

PROFITS. One compauy, upon an investment of 300,000, has paid in live years dividends of $1,400,000. Its plan of operation is the same as thrt of the Ohio and Indiaua Oil Co. The Standard's pipe lines are laid to our tanks. We Can Sell To-Morrow What We Pump ToDay There is an abundance of gold in the Andes mountains, but it costs more than it is worth to get it out. Some oil is situated that way. In investing, be sure that your oil has a raatket. This company is safe and reliable. Its ofUcers make it so. They are all successful business men, and some of them have become rich in the oil business. These latter constitute the Field Management. We give bank references and court full investigation. For a short time some stock will be sold at 10c per share, par value $1.00, fully paid 3nd nonassessable. This price will be raised. The stock will certainly go to par. WE EXPECT IT TO REACH $5.00. Our stock is beiug taken by some of the most conservative men in the co entry. After investigation they pronounce our plan the best in existence and havs confidence in our officers. For further particulars call on or address CHAS. P. D0NEY & CO., Fiscal Agents

707 7U I omrb R,tiMinT IN'TPA WPflT K In H

an IUI 44 M u ivs Limvnw uuituiu,, v&w,

hu. Spot easy; No. 2, tic elevator and C2"ic f. o. b. arioat. Options ojened easier on the sharp drop In cables, and further declined under line weather West, liquidation and poor support; closed weak. May, ti-?vi G-2 13-Kc. closed Cc; September, Vl'S-ic. closed C23ic; October closed at tL'c; December, tüVtü?sC. closed Glc. 1,nAl Oats Receipts, S'J.DoO bu; exports, 42.200 bu. Spot Quiet. Options inactive and easier. Lard lirm; Western steamed, $... 40; relincd firm. . Coffee Spot Rio firm; Io. 4 invoice, S.mC Mild steady. Sugar Raw quiet; fair refining, CUc; centrifugal, 96 test, 3-tc; molas?es. liCl-c. Relined quiet; crushed, ü.Tüc; powdered, o.J-c; granulated, S.ic.

TIIADK IN GEXURAU

Quotation nt St. Loul, llnltlmore, Clnclnnntl and Other Place. ST. LOUIS. Bept. 23. Flour Market dull anl easy. Red winter patents, J3.4-3.&5; extra farcy and straights. JUÖ3.15; cltsir. IZA-u-- ) htat No. 2 red, cash, 7vV8c; September, I1 c; Dece inter, 71 VaTlHc; May, 74-c; No. 2 hard, -;'. c Corn No. 2. cash. Lie; tv--pt ember, t..c; Deceraher, IV.iC; May, i:-8y03,.2c. uats No. 2. cash. 37c; Sejumbe-r, S7c; Leeember, a.Uc; May, oj'te; No. 2 white. Sj'c- Timothy seed turner at Jl.'f 5.30. with iri:ne worth more. Com meal t-uady at J2 9. liran unchange d; sacked, e.tst track, ;7S7c. Hay dull; timothy, Jj.-Vj-i 1J; prairie, not quoted. Dry-Halted meats (boxed) btrum: at .c better; extra short?. TJ.lii; clar rbs, ,..l1; clur fcidea, f:...0. I'ork Inn; jobbim. t't. Lard Mur at J.S."'-. Hacon (boxed) Etrur.jr; extra vh...rt.. 10.2Ti; clear ribi, 510; clear Fides. -li'7. Whisky steany at $1.30. Iron cotton tied. Jl.'J". i:age'ir.tr. 6 'u7c. Hemp twine, 9c. Iteceiits Flour. i..'J brls; wheat. .0-0 bu; corn. u; oat.. 2'.'.o-J bu. yhi-ments Flour, S.tK'U brls; wheat, 11,.'W bu; corn, 2,.m) bu; oau, S1,ju bu. LOUISVIIXJ:, S.pt. 2S. Wheat-No. 2 red ar.l lonsberry, 71c; No. 3 red and r,n;btrry. CjC. ApplesSun-dried. CVja ir lb for bright, S'.c lor dark. l'eanhts. 2ltc Timothy seeJ. i2.vj ier bu; fancy biuegra. ."cUil; extia elan blagrass. Zc; red clover, $j.5-:'j3. Hay Che ice, in cr lot.s on track. clover. $hJ. 'u l.v '. Clean ginseng. fl.C0'a-7i per lb. New jotatof. 12 pr brl. Onions, 3123 per Irl. Calbap-, $11.23 i-er brl. ls2) per ton. Clrten bear..-?, U per bu. Green corn, tlfcl.23 per brl. Lima bear.s, 3'jJO per gallon. LIVERPOOL, Sept. 23. Wheat-Fpot dull; No. 2 red Western winter, ;.s fcd; No. 1 northern spring, 13 TVid; No. 1 California, Is l'Ajl. Futures quiet; December. Li 7d; March. Is fc?4 1. Corn tpt-t quiet; American mixed, new, la id. Futures dull; October. 4. lld; November. 4s HHd. Tork firm; prim Western me.-.s 7:s CJ. Lard steady; prime Western, in tierces. la Cd: American refined, la pai;?, U:s &1. Uaecn quiet; Ion; clear middles, ln;ht, Lis; lor.g char middles, heavy, 0a 6d. Llnt-e-cd oil steady at 22s. DALTIMORE. ' Sept. 2S. Flour dull and un-char.p-d. Wheat very iut; sj-ot and the mr.th, 7172c; October, 71"i''j72Vc; December. 7Cj74l,c; steamer No. 2 re-3. iTiU". .Southern by f.imple, 6-j'ö724c; Southern on jrraJe, C'7'ic. Corn dull and lower; mixed spot aid the menth. fil'i fj61M.c; October, eic asked; year. C7VJ'J.e; steamer mixed. fC-VU'ic; Southern white anl yellow corn. 2g4c. Oats steady; No. 2 white, 2i Sialic; No. 2 mixed. 2tZc. I'.ye firm; No. 2 near-by, IZiZ'ic; No. 2 Western, lCl.r. KANSAS CITY. S"pt. 2. Wheat September. C44C; December, to-T-a'-iWsc: May, 74':7'.c; cash. No. 2 hard. "" ,""; No. 2 red. 7v;x7"12c. Corn September, LiVo; Decembpr, .'.7 4c; Miv, lsc; caih. No. 2 mixed. 574"'' "v: No. 2 white, lH.'tC. Oats No. 2 whlt. .'.-.'gC'tc. r.er.Jrts Wheat, S2,4'fJ bu; corn. .v),4" bu; eats, 12.0 -j bu. Shipments Wheat, I.i,eu Lu; corn, r.'.VM bu; oata, J bu. TOLEDO, Sept. 2S. Wheat dull end ste.i.'.y; cash and September, 724e; Lcemtr, 7w4r; May, 7'.''ic. Corn moderately active anl weak; cash, September and De-cerr.t"r, ;7o; Mar. lK?. Oats dull anl easier; cash anl Sej-tembcr. 37r; December. 27!c; May. SJ-'c. Lye. iVtc Clover seed active arjd steady; rrime cash and October, $3.174: December, 53.2J. CINCINNATI. Sept. 2S. Wheat strorff; No. 2 rel. 74c. Corn f.rm; No. 2 nlxeJ. Cl4l"'2v?. Oat strony: No. 2 mixed. 8jüiVo. I'.ya hrm: No. r. Lkc. Lard firm at j.SM. Dulk meats firm at jj.23. Laccn firm at llö.iO. MINNEAI'OLIS, Sept. 2 Wheat-Cash. Pl-c: December. 674c; "May. 7uHo: on traik. No. 1 hard. 72l:,c; No. 1 northern, CS4c; No. 2 northern, 04 c. MILWAUKEE. Fert. 2S.-Barley dull; No. i. 19c; eamrle, 4Ctj59c.

Datter. Hess and Cbeeie.

NEW YOHK, Sept. 21-D utter-Receipt?, 201 packages. Market ftrons: State dairv. n2- .-: creamery. liijTZc; June creamery.- va-V.c; Juns

, . . . r-.--. iu') ii-;jc. v,neese-ri;eceipts, z.ZU pa k-Corn-Reccipts. 71,0 bu; exports, S,.:3 is. Marktt tren; Ijucj- lare. culrtd tti

white, S'lc; fancy small, cclore!, f'jTJIOc; fancy small, white, i)'-i'j:c. Hires Receipts, .474 packages. Market steady; State and Pennsylvania. 211722c; Western candied. 2C4'J21c; Western un-?an.iled. 172j4c BALTIMORE, Sept. 2?. Tutfer frm ni unchaipei; fancy Imitation, l.'iic; fancy creamery, U224c; fancy ladle. l:17c; tor picked, 12' i 1". Lkp firm and uncharge!; fresh, 154' V.c. Cheese tirm and uncl.ar.gl; lar?e, i7104c; medium, 104'u'lC4c; email, l"4Ti'c. LOUISVILLE. Sept. 2?. racking butter, II t 114c per lb: common country, 114c; cod, 12J Tc; Llsin, 22c in Uj-lb tut.. 224e la 2j-lb tut; LI;in pund prints. 24c. Ljs, l.c. CHICAGO. S-'pt. On the Prcluc Eichnrr. to-day, th butter n arl.et was stealy; creameiir, l "2Ic; ciairi. s, lJ'17c. Cheese stfxidy tit 1: i 21c. Kfsa steady; fretli, lC4c. KANSAS CITV. Sept. 2. Erps steaiy; frrh Misourl and lvansas stock, lie dozen, los cl2. casej returned. ST. LOUIS. Sept. 23. Butter sternly; creamery, 17 ii 22c; dairy. lZllc. Less steady at ICc. CINCINNATI. Sept. 2.-I7?3 quiet t 17c. Butter and cheeso uncharged. IVool. LONDON. Sept. 2S. The ofrrlr.r at tht woM aucrion sales t -day numbered 1:5,722 laics, of. pco.l quality. There was a steady demand from he me ar. l continental buy rs. Scure.Ij wer lirm and Er.o cro.3 t-rtda anl crrs t rda sold at full rat's. r..rro extra s'ip-ri'"r Victi-rian s -ourcj lambs r-alizin' 2d t. i. Medium nnd faulty nraJ.M were j'Jit'-r and withdrawals w-r mor rr'-.juent. Cape of tJood and Natil w.n In rr' l eiemand. Durir e th..- week VJ..f"j bab were errerel of which r,.L-l w-re with irawn. The oTerlns: for r.ext week amount to 7lii bi!e. ro;!ow-lr. fire to-'ay's ales la detail: 7iew South Wal.-s. 2..") bii-s: s.ouie-l, 24d'(!? C4J; preasv, 2'k'j HJ. Quter-sbind. tVJ balc; ..,ouni, 74 1; Vreav, 4;;4d. Viet'-.ria, 2,1 't bales; scoured, 44. .'..J; Kiasy, S'.luls. :uth Australia. 0 bal-; eeoureJ, Is 34d5i is and 4d; creaky, z v ... Nevr Z. aland. 2.v -i bales; scour-. Vfi'üü C4J jrna.-y. 2'.'. '4-1- Cape r,f Cr i Hop ar.1 NataU j") balf-s; secured, S'-dTls C-d; prea-y, iV7':d. The arrivals of wool ft.r th next -erie 0f tr, wixd sal-s numbvr lvl.H? bale. Including 20. (M fi.rwar.Jed Uii't. Irni.rts f.r th- wf-.-k: New S.uth V.al.s 1,113 Ullis; Victurta, 47 baba; fc'öuth Australia, 22 Laks; Ca;. of Cool Ho; and Natal, 7U Laics; and elsewi.er, ils tales. ST. LOUIS. s.;.t. 2S Wol dull, nominal. Medium, L"--';17c; lijrht tit e, WUc; heavy fine. &4'aH4c; tub wathed. Oil. NEW YORK. S. pt. r-. ivtroleum f.rm. Be-ned Ne-.v York. 7 I'hila.!'-!; hia anl B iltimore, 7.0-c: Philadelphia, ar.d Baltimore In bulk, ic. Turpentine tteaJy at 2'.'J7c. W I LM I N f j TO N. Se;t. 2-. Spirits of turjntln f.rm at ZZc. Hosln. n-thlr j d-ir.;. Cruie turpertine steady at :i to fl. . Tar firm at U.2J. MONTI'BLI TUB, S.pt. 2.-Cru1e rtrrJeura sr.ly; North Lima. :ic; South Lima and Indiana, flc. CHARLESTON-. fVpt. 2?.-SrIrits of turr.entln dull; quotations cn.ateJ. Rot la Crra and unchanged. SAVANNAH. Sr;t. :isr,.rit, of turpcntln firm at Clc. Bofin firm and unchir.rel. OIL CITY. S';t. 2v-CreBt balances. $1.3); certificate. n Li J.

ronltry. LOUISVILLE. F'?t. 2 Ufrs, tc yr lb; srrlrr chickens. V'. ; .c p. r ib, J1.3:.2 i-r dozen; you r duck--. V". I -er lb; s. f ull-f-atherel. 4.2". p-r ozen; turkeys, h.uc -t li. Ni;W YORK. Pej.t. 2 Boultry-AlivA frraspring rs. lie; turks. f'.il.V; fowls. 11c. Pressed UrTA Fpriners, lr-'jlGc; fjwls. 12c; turkeya, ST. LOUIS. Sept. :?.-Boultrr quiet; cMckera. 7c; tyxwz. 74'J: tatkf rs. 74c; youn- Ifalei ducks sree..., Atlc. CHICAGO. Sept. 2S.-ICP.1 poultry stea?r: tur-kf-ys. C'jnc; chh. kens, Includir.5 lTir.pt, e' 413160. Drj Cioods. NEW YORK. Sert. :s.-Tr.? market for all de-r-riptlons of cotton t.)i.s l.ai t-en qu;t t.-day Fully &h much att -ntion Riven to yacht rac nwi n.i to business. l'nctr unchan?ed . throu hout. Print clnha are dull f,r r.Kulars and barely steady at Arrrlcan cotton arr. weak and irtegulaily lowtr thn a wtck ar;o.

SletaU.

ST. IFIS. Sert." 2. Tril lower at 4:7'..i 4.2-.'. Sltr wtuk at 3. '.Tzc.

Prlrndly Hint.

To!elo Time?.

A New Yr rk r.?w?ar.er r.as a Iihnrt d editorial on "What is .hU-.I to Down Taj. many." How would u lot of vote uul