Indianapolis Journal, Volume 52, Number 125, Indianapolis, Marion County, 5 May 1902 — Page 7

TITE INDIANAPOLIS JOURNAL, MONDAY, MAY 5. 1902.

7

lAPi: DC POSITS.

S. A. FLETCHER U CO.'S Safe Deposit Vouit 30 i:at Washington Street. Absolut safety aratnat lira and burglar. P Cceraa 2ay ax.d vlghl on guard. Iesigr,ed tot f keep!.-. of Money. Ponds. Wills. Deeds. Abptnacta. fcilver FUte. Jewels, and valuable Trucks, Packajea. - Contain 2.1M boxes. Rent f3 to $45 Per Year. JOHN S. TAnKISOTOX - - - Mutineer. IRON - vSTLEL .SHAFTING .v BOLTS. TURNBUCKLES FORJ3E5. BLOWEKJS HEAVY IIARJ)WAR.E W. J. Holliday & Co. t c. Meridian St. Telephone 462. BAKER - VA WTER CO. Auditors, Accountants, Systemattzers, LOOSE LEAF SYSTEMS J. O. COFKLAXli. Accountant for Indiana, Speca Bank and Trust Companf Accountant. q7 Stevenson. -Yen- 2259; C.V.Green 4292 THE LIVE STOCK MARKETS CATTLi: QflCT AM) WITHOUT 131POIITAXT CIIA.XGU IX PRICES. HoKi In Small Supply anil Five to Ten Centn HigherSheep Uulet Condition of Other Markets. UNION STOCKYARDS. INDIANAPOLIS, May 3. Cattle Receipts light; shipments small. The marketing of cattle this week, considering the disturbing Influence in the trade, has been of Rood volume, the total indicating a decrease of only about S00 compared with last week, T.'O compared with tho sune week a year ago and an Increase of over l.UV compared with the corresponding week two years ago. Thus far this year the receipts are over 13,tw) larger than the eame period last year. From the btRinnig of the week a feeling of uneasiness pervaded the market and values have .been uncertain, tut generally very unsatlsi factory. The influence of the beeftrust agitation has been thv tratest factor la forming price., and without any tioubt Is responsible for the sharp decline, which Iris placed values below country cost. Ordinarily Mich conditions would have checked the receipt, but evidently shippers have antieipatui a further reduction in prices, and it appears that they have pent forward more cattle on that account. This &gltatl'n bns greatly reduced the consumption of meat, and the requirements of slaughterers have teen of much smaller volume. Consequently it has been very elifllcult to consumate sales at current pricey, and salesmen have had the hardest week's work in many months. Amidst their trying situation it was not unusual for talesman to claim that they were having to accept Jl per bi pounds reduction from the high time, but thi3 was rrubably putting it a little strong. There seems to be no question, however, that in extreme cases there was 7Sc decline, and both buyers and sellers admitted that tho average at the close of this week is 5Ce lower than the high time. All kinds of fat cattle have suffered, but. of course, the medium grades are the weakest. The market for stockcrs and feeders has also been irregular, and a decline of probably 2Gc was registered compared with former prices. The demand on that basis was about equal to the supplies. High prices reported this week were $i.73 for steers, $3.73 for heifers, $3.40 for cows, $5.23 for bulls and Vt.lO for calves. There were not many fresh arrivals of cattle today, and naturally the market was quiet, but salesmen made a clearance at quotably 6teadv prices compared with the way equal kinds fold yesterday. Representative sales Indicate the class of stock on tale. The week closes with the outlook, uncertain, but probably a majority of dealers are expecting reduced supplies in the near future, and tho natural result of this la a rally In values, but on account of the trade disturbance at his time the outlook Is not as encouraging as it would be ordinarily. Quotations: Good to choice steers, lbs and upward 6.63 Plain fat steers, lbs and upward Good to choice 1.2uO to 1,300-lb steer? Tlain fat l.l'OO to 1.300-lb steers.... Good to choice l,Gu) to 1,130-lb steers riala fat l.Ouü to 1.130-lb utters... Choice feeding steers, l.ouO to 1,1'jO lbs Good feeding steers. Sou to 1.100 6.003 6.33 ".OC"? 6.50 5. 75 if 6.00 6.00 5.ö0tf 5.U3 4.73 5.00 i.ZO 4.73 lbs. "Medium feeding steers, 51 to ioO lbs Common to good stockerg Good to choice heifers Fair to medium heifers Common light heifers Good to choice cows Fair to medium cows Common old cows 4.00 4.50 3.7"1j 4.75 4.8.V 5.50 4.25' 4.73 3.23't 4.00 4.50'tf 5.00 3. 23 a 4.33 1.50'it 3.u0 5.vO'f 6.23 3.lV(j 5.00 4.504. 5.00 4.oiKii 4.33 Veal calves Heavy calves.... I'rime to fancy export bulls.. Good to choke butcher bulls Common to fair bulla 3.Ka 3.75 Good to choice cows and calves.. 33.0U'fj 50.00 common to medium cows and calves 2O.0Oli30.O0 Hogs Receipts, 1.500; shipments small. This week's receipts of hogs have been of fair volume, showing a gain of about 5,5oJ ever last week, a decrease of over 5.500, compared with the same week a year ago and over 2.imj compared with the corresponding week two years ago. Thus far this year there is a decrease of a little less than 5i.oJ compared with the same period last year. For the week ending yesterday local packers bought a total of lti,473, against .Z10 the preceding week and !M,224 the same week a year ago. During the same period tho shipments were 1,779, against 1', th preceding week and 4,15 the corresponding week v. year ago. There has been almost a general decline in prices this week and the average at the extreme close of the week is ISizuuc lower than the opening. Influences which caused this were an exceedingly limited demand from outride sources and increased receipts here end elsewhere. Local packers were practlally alone in the market most of the week and they took advantage of their opportunity to press pricts; most of the decline, however, was made in two days. There was a disposition to buy more freelv toward the close of the w-ek and with quits & falling oft In the receipts prices rallied tiilOc iroru the low time, which was on Thursday. Th quality was fairly satisfactory compared with the average recently, tut there was quite a scarcity of prime heavy hogs. Buyers discriminate.! more against light mixed hogs and pigs than other grades and p"es In some Instances were X-osMbly 5öc lower. The highest price paid during tht; week was $7.4 and the top at the low time was $7.15. The receipts to-day ntre considerably smaller than the average at this tinw in the week and show a decrease of over l.o-JO compared with a week fcgo and were not quite half so large as a year ago. The market opened with a continued limited demand iron shippers and on account of the small supply packers vere not free bidders, but Intimated from th start that they would pay better prices than yesterday. Salesmen generally were asking at least Kc advance and "rather early m the day succeeded in disposing of their consignments at fui.y öUVv gain over yesterday. The improvement was most on the lighter grades, but this probably would cot have occurred had there LcLn a larger iupply of good heavy hogs. Sales ranged from jl.ttJ-Iii.20. Quotations: Good to choice medium and heavy.. li.yy37.Zd "Mlxel and heavy packing fi.Uml.OS Good to choice light weight 6.ffü6.J Common to fair lipht weights.... $.4j.G0 Common to food pigs 5 fc5'6.ij Jougfcs C.Oo'jö.Gu t?he-p and Lflmb Receipts lljrht: shipments small. About 1 more sheep arrived tMs week than last. There is very little charge to note compared with the same week, a yt-ar ago and an Increase of nearly 700 over the corresponding week two years ago. Thua far this year-the receipts are nearly t.S-d la-rger than the same period last

year. On accoxint of moderate receipts the early pirt of the week the market was quiet and there was not much change reported in prices, but if any different there was an upward tendency for the strictly fat stock and Ftrong prices for an average were realized. Later in the week the supplies were large enough to invite more competition in the market and there was an active trade at strong prices compared with the beginning of the week, except possibly for clipped stock, and they were a little lower at the extreme close of the week. The high pales of the week were J3.50 for spring lambs. $?.') tor yearlings and 13.73 for sh"-ep. A very small number arrived for the market to-diy. and. as usual at this time in the week, there was no urgent demand. Consequently, the trading was rather quiet, bet all were finally sold at quotably steady prices compared with yesterday. Quotations: Fprlnjr lambs SWiTffl Good to choice lambs 6..WC.75 Common to medium Iambs 4.5V"-23 Good to choice sheep SS.XiZ.') Common to medium sbep 3.50' 1.73 Steckers and feeding sheep 2. SOT 3.30 Bucks, per 100 lbs 3.0o"'1.00 Trananctlon nt the Interstate Ynrd. INTERSTATE STOCKYARDS, INDIANAPOLIS, May 3. Cattle Receipts light; shipments none. The past week has been a disastrous one in the cattle market, a3 far as the salesmen nd producer were concerned. Good eattl- are 20 to 50 cents lower than they were a week ago, while the common kinds are off 50 to 73 cents. The market has been dull and lifeless all week. The local demand has not been nearly so good as last week, and, as a result, salesmen have had dilnculty In disposing of the common butcher stuff that has found its way to market at anything like satisfactory prices. Although prices were quoted steady to-day, salesmen hold out little hope for immediate improvement in the market. The few offered sold promptly. The market closed quiet and steady at quotations: Good to choice steers, 1,350 lbs and upward $6.23 6.73 Plain fat steers, 1.330 lbs and upward 6.003 6.50 Good to choice l,2uu to 1.3j0-lb steers e.OO 6.50 Plain fat 1.2uo to l,3uo-lb steers 5.65'ii 6.15 Choice feeding steers, l.UA) to l,2o0 lbs 4.25Ö 4.75 Good feeding steers, LMJ to l.luo lbs 4.25S 4.73 Medium feeding steers, H)0 to IuO lbs 3.75? 4.15 Common to good stockers 3.23't 4.5o Good to choice heifers 4.73'a 5.75 Fair to medium heifers 4.25'a 4.S5 Common to light heifers 3.50 4.23 Good to choice cows 4.50' 5.33 Fair to medium cows 3.25'u 4.33 Common old cows l.SCty 3.00 Veal calves 6.00'.j 7.00 Heavy calves 4.xe 6.2o Prime to fancy export bulls 4.5o?.i 4.73 Good to choice butcher bulls 3.75 4.25

Common to fair bulls 2..' .m Good to choice cows and calves.. 35.0u'a 50.00 Common to medium cows and calves 20.0o-VI30.00 Hogs Receipts. 200; shipments small. Hog prices are 15 to 25c lower than at the close last week. The market has been weak and rather unsatisfactory all week. The Eastern demand has not been as strong as usual. The supply has been the largest in two months. The market to-day was quoted 5c higher than yesterday. There was not much doing on account of scarcity of stock. There was a fair inquiry from local sources, consequently the few offered were soon placed. The best heavy hogs were worth $7.23, with top lights going at $7. Tho market closed steady at quotations: Good to choice heavies $7.17-25 Good to choice medium grades 7.0Vu7.10 Common to good lights 6.607.00 Light and heavy mixed Light pigs and skips 6.noi.40 Roughs 5.00'ti6.60 Sheep Receipts none: shipments none. All grades are steady, with a very satisfactory demand at quotations: Spring lambs $r,.SOTiS.0O Good to choice lambs 5...fj6.5o Common to medium lambs 4.omj5.50 Good to choice yearlings 4.owii4.25 Good to choice sheep 3.5öriil.25 Stockers and feeding sheep 2.00"' 3.00 Common to medium sheep 2.(xyi3.25 Bucks, per 100 lbs 2.503.50 Elsevrliere. KANSAS CITY, Mit 3. Cattle Ret eij'ts today. 23: for the wffk. 16.2. Market ?ta It. Choice export an.1 lred bef eter. $6.tf".2j: fair to jjood. J.ViiG.eO; stackers and feeders, $3'f 5.&; Western fed steers. U S36.1"i: Texas and Indian steers. .1.4."J?5.95; Texas cows. $2. S' 4.50; native cow. r.'.S.Va.VCO; native heifers. 6.5ft; eanners, $2fi2.7; bulls. $2.2..5.40 ; calves. 131'. V70. HopsjlPcHj-.ts. 2.: for the week. 41. 4". Market Ftea'lv. Top, 7.30; bulk of Kales. $H.9."'tj 7.25; heavy, t7.2OTf7.30; mixed fakers. $7.o:ü7.27,2; lljfht. $.3Va7.10: Yorkers. $7Q7.13Sheep Receipts to-Jay. none; for the week. 12."). Market steady. Native lambs. !.;.tC57.20; Western lambs. J5.7.".?7.13; native v.eth-r, $,"..50 (ffS.lO: Western wethers. $4. 736.20; fed ewes. $"..vg..70; Texas clipped yearllnz. $68. UJ; Texas sheep, $4.735.70; feeders, $3.1(''jiS. ST. LOUIS. May 3. Cattle Receipts. 700, including 52." Texans. Market quiet, with a decline for tho week of from 25c to 75e for both natives and Texans. Native shipping and export steers, $5.75fr'S.75; drensed bef and butcher steers. $3'ö.23: steers un.ler IA'0 lbs. f4.Mtf3.l5; stockers and feeders, $2.7W4.75; cows and heifers. l2.2r.Tj; canners. $l.M'fi2.S0: hulls. $3.605.23; calves. $.16.10; Texas and Indian steers, Krasser, S3.35-a4.23; fed, fl.3vj6; cow3 and helferj, Ho9-neeelpts. 1.5W. Market eloped steady for the week. Pigs and lights. f6.M'.6.80; packers. Sö.SOff? ; butchers. f.9iT?t7.S0. Sheep Receipts, 3"'0. Market active and steady. Native muttons, f l.fKi6.33; lambs. f."..oöi5.5; culls and bucks, $2.r.oQ5; Stockeis, 52-53.50; Westsm mixed sheep, f5. CHICAGO. Mar 3. Cattle Receipts. 2v. Market nominal. Jood to priine steers. 16.737.30; poor to medium. $4 8'""fj.4): stockers and feeder, $2.ff0'?j3: cows. $1.40f3.73; heifers, 2'7fi; cannera. Jl.40S2.4O; bulls. $2. 2." Tj 3.23; calves, J235.50; Texas fed steers. t3.23f6.25. Hoes Receipts to-day. 9.000: to-morrow. 27.VO. estimated. Market steady. Mixed and butchers, tri.73fT7.22H: good to choice heavr. $7.107.27 ; rough haavT. $3.6337.03; light. f6.C3fJ6.bj; bulk of sales. J6.K13M0. Shepitec!pts. 5W. Sheep and lambs steady. Good to choice wethers. J5.50fij.2); fair to choice mixed. M.73fi5.M: Western sheep. J3.23tf6.20; native lambs. $4. 7:6. 60; Western lambs, t.).25'ü6.50. Official yesterday: Receipts Cattle, 1.023; hogs. 17.633; cheep. 2.42S. Shipments Cattle. 3,832; hogs. 2.714. EAST PUFFALO. May 3. Cattle Receipts. 40.0. Few Inquiries for female stock at steady prices; steer not Wanted. Veals Receipts. lo. Fair to rood. $3.506; common anJ light, Jt.30Q3.25. UnK9Hecelpts. f-eo. Market falrlv active, closing stronger. Heavy. $7.3fTi7.40; mixed. $7.10 ii7.2: rUs. J0.4"Tjj.3rt; roughs. J6.40Ti6.73; stags. ,Vhefp"and Lambs-Receipts. S.400. Sheep slow; lambs steady. Top lambs. f7.30'rt7 fair to pixid. $7fi7 25; culls and common. $5. 736 .05: clipped lamtis, ' to s, ffl.f.'.lißö: fair to Rood. J.r,5'?;f,.51; culls and common. $."..4'?i3.0; ycarlina. $16.2.".: clipped sheep, tops. $3.251 3 3: fair to Rood, $4.73 5.20; culls and common. ?314. NEW YORK. May 3. Reeves-Receipts. 3.621. Dressed beef unchnnged at Sllc per lb. Cables steady. Kxport to-djy. 1,532 head cf cattle and S.S2 quarters of beef Calves Receipts. 4. r ... steady. Veals, $-16.50; city dressed vea..- sPV per 11.. Shep and Laml Recelpi 7n2. Sheep a shade lower: lambs uncharged. Clipped lambs. S.i.2.'.T; 6.73; unshorn sheep, yi: dressed mutton. Sfrllc per lb; dressed lambs, lljl3c; common dressed lambs. t'-j31'V. Hoes Receipts, 2.902. Feslinjf steady. SOITTH OMAHA, May 3. Cattle Receipts, 100. Market stellt. Native steers. JVU6.7': cons and heifers. $r..731i.5 "O; Western steers. $4 . 5.75; Texas steers. $4.25-33.40; canners. $1.30.; 3.23; stockers and feeders. f2.73U5; calves, Jj3it5.50; bull, stsrs. etc.. J2.75ti5.20. Iioics Receipts. 7.100. Market active and .1 shade stronger. Heavy. $7.of,l7.25: mixed. $5.53 J7."3: light. $.70ti7; rl. $3.5".23. Sheep Receipts none. Market ouotablv teadT. Fed muttons. $5.75'ui.25: Wctorn. J4.75'ij 5. 50; eommct! and stockcrs, $3.23ff45; lambs, $6ii7. LOriSVILLL. May 3. Cattle Market steadr. Choice to prime shipping steers. $; 25Tj s.40; medium to good shipping steers. $rj.23: choice butcher steers, f 3.5i,ij3.'.0; medium to good butchers $4 87.15.33; choice veals. $,",.30iC. itoKS Market steady to a fhale hiRhr. Rent 16.) Its anl up, J0.&3; Upht shippers, J6.25'ff 6.5u; Pies. J4.753 rough. J.vCm.r,). Sheep end Lambs Market steady. Good to extra shlpplr.se fheep. Ji.25ii4.73: fair to pood, $3.75 Ü4 25: corr.n'.on to medium, $jj3.o. CINCINNATI. May 3.-lIoga rteaJy at $3.60 ecit"tle steady t J2.5OTjG.30. Sheep flrnt at $1.V -5.43. La mis strong at fl.SO Q7; spring. $''jS.30. A City I.ullnhy. Slep. mv little one. sleep! The fronir on the street car Is workln Its best, Th1 trurk peddler's lunijs are never at ret; Th cry of th scisorsman brinjta you deliht And tt shrill-shrU-klng newsboy is adding his mite To th clamor but fleep, Ion't you peep! Hush, my little one. hush! Th patrol wagon's coming Zip! (Quiet, now sweet!) There's a noat little riot Just In the next street. That sothin; new sound that adds to he roar Is the tire department a-calling next door. What a rush! Now, you huh! Rest, my little one. rest! Hoot? That U only the toot of the automobile on the scoot; Now the chauffeur's Attempting to paj Through a beautiful window male of plate glass. There's a crash Well I'm blest! Dut you rest! Dream, my pretty cne. dream! Her comes the hand-organ man for a try At '"II Trovatore" and "The iUoom's n tJ Tl ... the Rye. AnJ if you ar quW irNap h nil! y TUl the dinky Mr banl come nd drives him A U' V With Tnnhauer." Don't scream! Just you lie there and dream! ruck.

SMALL TRADE IN SHARES

sii:ci lati 1: fi:i:li4;, iutw i:vi:n, is MJiivois ad nxciTi:u. rnsslnu of the Flurry In the Webb Speclaltlea Critical Condltou of the IJankst 3Ionetnry Kesources. NEW YORK, May 3. The net changes In to-day's stock market show liUle of tho feverish and nervous experience of the two hours' trading. When the market closed yesterday there was little realization of the nature of the finajeial troubles reflected in the collapse yesterday of the so-called Webb group of stocks on the Stock Exchange and in the curb market. To-day opportunity had been given to make provision to avert the threatened failures and to provide for support in the stock market. The fact that no stocks are deliverable on Saturday under contracts, according to Stock Exchange ru.es, and that loans made on Friday carry over to Monday, admittedly helped the efforts to avoid trouble. There was a threatening break in prices at the cpenlng of the stock market, in spite of a strong upward movement In Louisville & Nashville and Pennsylvania. These advances were lost, however, and supporting orders at weak points were found necessary to check indiscriminate liquidation. When St. Faul was selling in lOo-share lots at 170 there were bids in the market for 7,0 ) shares at 170U. The centralized buying was not followed up when it was seen that the selling was checked. After the bank statement was published the buying was renewed in a more aggressive manner, and the market developed a fairly buoyant tone with the closing active and strong. Early losses were generally wiped out and net gains were quite common at the close. Of the stocks supposed to be immediately concerned in the disturbance, Rutland preferred fluctuated between 103 and 11. with the last sale at 100. compared with 1"2 last night. St. Lawrence & Adirondack was variously quoted at 0 bid. 120 asked, at 70 bid and 12'J asked, with the closing quotation 50 bid and lw) asked. The increase in cash shown by the banks was a total surprise, as the heavy subtreasury absorption during the week indicated a loss of upwards of f3.ooO,ouO. The relief thus afforded was a welcome one, in view of the loan expansion of upwards of JlO.OoO.OeO. The sharp liquidation in the stock market, it is hoped, has served to relieve the tension of the money situation, although an active money market Is expected next week. Declining speculative inteiest has been shown in the stock market this week and efforts at supporting prices have not met with entire success. The month-end requirements precipitated a stringent condition in the money market, which was aggravated by the collapse in International Power and the distrust engendered in pome cf the other industrials supposed to have affiliations with that company, or whose conditions are equally shrouded In mystery. This undoubtedly led to some discrimination by the banks against industrials as collaterals in loans. The ingenious admission by one of tho principals In the Power episode that the slump was due to the neglect of his patron to put in a buying order for the stock at the same time as his selling order was impressive as an example of how some of the recent unexplained advances In prices micht have been brought about. "Match orders' and "wash sales" are terms whose significance are well understood in Wall street as covering a process cf manipulation by which the holder of a large proportion of the shares of a" stock can advance the quotation by a series of transactions with himself by orders through different brokers. An appearance of great activity and strength may thus be imparted to a stock which is, in itself, a powerful attraction to specdlators who deal in the security on a margin even without a knowledge or faith in the intrinsic merit of the property. The most striking fact in the Power episode was the entire lack of a general market for the stock, in spite of its dazzling rise of over 100 points when attempts were made to effect real saJes. Entire collapse was the result. The episode invited attention to the recent course of many other stocks. Even among tho standard railroad stocks there are instances where the market turnover has amounted to several times the outstanding capital of the company in the couise of a few days with a resulting pricechange of only a few points. Taken in connection with complaints of commission houses of the scarcity of orders from the general public, these facts awaken distrust of the genuineness of some of the price movements in the markets. Day after day new high record prices are established in many standard railroad stocks, to say nothing of the large crop of new and untried industrial securities of which there is little public knowledge beyond the price movements in the market. It is almost an invariable rule that declining money resources is the Instrument for disclosing the weak market position of securities. Stocks whose high prices are due to buying with borrowed resources with a view to only temporary holding must be thrown over when loans begin to be called in. The evidence of the instability of their value is discriminated against and aggravates the conditions. The statement that the flurry in what was known as Webb-Meyer securities was precipitated by the refusal of the Hanover National Rank to grant a loan to Dr. Webb was denied by President Woodward, of that bank, to-day. who said that the bank had never had any financial relations with Dr. Webb. Mr. Woodward said he did not know Dr. Webb. Transactions In the WebbMeyer stocks on the curb were extremely light. Two hundred shares of Dominion securities changed hands at 70. a decline of 4S points. The closing bid was 40, 75 asked. One hundred shares of Ilackensack Meadows sold at 43. a decline of 34fc. The bid price at the close was 23. 40 asked. There were no sales of North-American Lumber and Pulp. Ten was bid, 30 asked. Storage Power advanced half a point, to 6. 100 shares being traded in. At the close 5 was bid, asked. On the Stock Exchange 5,300 shares of Rutland Railroad preferred sold at 103 to 19, closing at par, a net loss of 2 points. No sale of St. Lawrence :;nd Adirondack was reported. A deeper impression than is suiorflelally apparent has been caused by the action this wtok of the New York clearing house authorities. The decision to require institutions to be admitted in future to clearing-house privileges to maintain a cash reserve in their own vaults commensurate with that required of members themsehes is interpreted as a note of warning against the present rate of credit expansion. This action is primarily and ostensibly directed against the rapid rate of increase of new banks and trust companies. It is also the outgrowth of much serious discussion that has taken place regarding the growth of the deposit-banking business among trust companies without any such legal restriction upon them to maintain cash reserves as are enforced upon banks. The trust companies retain only an insignificant proportion of cash In their own vaults at any time. Their cash is on deposit with the banks and figures there as cash reserves. It is at the very time when demand for credits or diminution of cash in the banks has run up the money rate that the trust companies are attracted to put out loans at tho high money rates prevailing. Relief is nominally afforded to the banks by this shifting of the demand for credit upon the trust companies, but the effect is likely to be an expanding volume of credits on shrinking volume of cash. The last published statement of the condition of trust companies of New York State for January, 1:02. showed loans on collateral of Jv.4X'J"n.2l'. and $121.043,77 of "cash on hand," of which, however, all but $;.5S,702 was on deposit with banks and figured as cash reserve there. There has been heavy loan expansion since the first -of the year by the trust companies. The weekly bank statement reveals that the banks are down to near the legal reserve limit, which is thus seen to figure not only against their own deposits, but those of the trust companies and many interior institutions, who also keep cash deposits in New Yrk banks. This is not n new condition, nor is the knowledge of it new. but increased attention Is attracted to it by this week's result in the money market and by the action of the clearing house authorities, the anthracite labor question has been a drag upon speculation. The maintenance of foreign exchange In the neIgnroiriood of the gold export point, in spite of the rise In local money rates, has kept alive the question of gold exports. The bond market has been affected by the late weakness in stocks and prices yielded la sympathy. United States new fours, registered, declined l1,, and the new fours, coupon. per cent, as compared with the closing of last week. Following are the day's share sales and the recorded price changes: llifch- Low- Closing Stocks. Fades. et. est. lild. Atchison f 23.1 O 73 7 Atchison prf C) Si 971 fr7 L'Aitlmore & Ohio 4.1v0 1C7 lca 1jC

NEW YORK CLEARING-HOUSE BANKS. STATEMENT OF THE ASSOCIATED BANKS OF THE CITY OF NEW YORK FOR THE WEEK ENDING UAY 4. The New York Financier will to-day publish the following table, showing totals, and the percentage cf reserve of the associated banks of New York city:

RANKS Rank of New York. N Manhattan Company Merchants' National R. A. Mechanics' National America Phenix National , National City Chemical National Merchants' Exchange National Gallatin National National Rute hers and Drovers' Mechanics' and Traders' Greenwich Leather Manufacturers' National Seventh National American Exchange National National Rank of Commerce National Rroadway Mercantile National Pa cine Chatham National People's National Rank of North America Hanover National Irving National National Citizens' Nassau Market and Fulton National National Shoe and Leather Corn Exchange Oriental Importers' and Traders' National National Park East River National Fourth National . . i i Central National Second National First National .. New York National Exchange. Rowery New York County National German-American Chase National .... Fifth Avenue German Exchange Germania Lincoln National , Hcrtieid National . Fifth National .... Metropolis West Side Seaboard National Western First National, Brooklyn Liberty National New York Produce Exchange New Amsterdam National Rank Astor National Hide and Leather Totals Increase. Decrease. Reserve, $1.977,050 R. &. O. vret

! Vf 10.1(00 125 W: 12.'. 1,600 iP; 5U:i 800 47 49'. 70) 36 Zoi 3js loo 7i 75" 7."lj 4.21MJ 73 "J'a 72i 1J0 65 M b5 .bt 4.G00 2:e 2jJ4 2JJ fei)" a tt ?7l 46 1.20) 2ti3 207 l,tJ 175 174 174 ;;0 "."JVi W. 2J"i 1.200 37 3UJ, 37'i 1. BifJ H-4'i 103 l'.'4'.i 2, iö'J lütt, 2Yt 2' 4 4V 17:4 174i 17:4 4o0 21 2S0 20 iJO 4.i 42 42 1.150 9;" W'j l"J Sf.700 2" 3C" 374 1,C'(0 b3"4 674 to4 2 L3Va 53 W 4 1 43 700 63 Ü14 S3 201 Sjf U i"i 7,100 U3- 130 112 l.L'uO 4ö 45 46 10f) $3 K M 1W 254 2i?i 2i"4 4'0 S4 1 674 654 "-Vi 6 20 10,-JOO 1374 13'-4 12,700 133 1314 133 2.1U0 1:04 i 4.m 24 277 2S4 7.2) 1S4 14 IS 1,2' 112 11) 112 14.2' Ü3li St:i4 4- 0 2;. 4 25 23 v, 1.6'At 64 "i 564 ivo i9 is9 m 4.3 0 153U 15 - 1Ö8H 1.7w0 ih 574 .".4 26"0 33H S34 334 13, W0 133 1324 1534 7,5"1 6S4 W4 6Ö4 ö,0 814 SVt ?44 12,100 70 70 700 "S4 C74 67i l-O M- 834 5- 73 72 72 2'"0 27 27 4 274 600 .'9 4 E3 53 52.5') 171 15'J 169S 2 131 131 1904 1S.300 C6 6 V I 6.34 24.700 37 33t ?.64 60 S'4 i5 95 1.2C0 4l 404 414 400 21 4 21 21 3S 37 3S 32.3") 102 l'lr;i 102 7'"l 874 87 874 , 1.800 2 2.3 H 234 S.3W i4 43" 43t 3. 21 214 4C0 344 34"i 344 4.4'0 23 23 4 24 4 4 47 47 V COMPANIES. 20 lJ) 225 225 223 ll6 Hi

Canadian Pacific Canada Southern Chesapeake v uhio Cid. tV Alton. C. & A. prei Chi., Ind. A: L,uuis C, I. L,. j.ret Chi. & Last. Illinois... Chi. Great Western.... Chi. C W. pref. A Chi. ti. "W. ;ref. Xi Chi. &. Nortnwestern... c. it. i. & r Chi. Term. Sc Trans.... Chi. T. Ai T. pref C, C. C. & M. L Colorado Southern C. . tlrst jret C. S. second pifet Delaware 6i Hudson.... Del., Lack. At West.... Denver Je Rio Grande.. D. & It. U. pref i:rie Krie nret rref Erie second cref Great Northern pref. Hockinjf Vallsy Rocking Valley pref.. Illinois Central Iowa Central lov.a Central pref Kansas Cltr Southern. K. C. S. pref Lake Erie & Western.. L E. Ai V. pref L. Ac N Manhattan L ilet. iftruet-rallway .Mexican Central Mexican National M:nn. At St. Louis Missouri Pacific Mo., Kan. & Texas.... M.. K. T. prer New Jerey Central.... New York Central Norfolk At Western N. Ac W. rr"f Ontario & Western Pennsylvania Heading Reading first pref Reading tecend pref.... St. Louis At San Fran.. St. L. & 8. F. 1st pr... St. L. & S. F. 2d pr.... St. L. Southwestern.... St. L. Southwest, pref. St. Faul St. Paul pref Southern Pacific Southern Railway Southern Railway prr-f. Texas Ac Pacific Tel.. St. L. . West T.. St. L. & W. pref...Union Pacific I'nicn Pacific pref Wabash Wabash pref Wheeling Ac Lake Krie. W. & L. L 2i pref Wisconsin Central Wis. Central fret EXPRESS Adams ., American United States Wells-Fargo . MISCELLANEOUS Amal. Copper Am. Car s Foundry... Am. C. & F. pref Am. Linseed Oil Am. Linseed Oil pref. Am. Locomotive Am. Loco, pref Am. Smelt. & Kef Am. S. & H. pref Anaconia Mining Co.. Rrock. Rapid Transit. Col. Fuel & Iron Consolidated .Gas Con. Tobacco pref General Electric liocklnpr Coal lntr. Papr Inter. Paper pref Inter. Power Laclede Gas National Hlpcuit National Lead National Salt National Salt pref North American Pacific Coast Pacific Mail People's elas Pressed Steel Car Pressed Steel Car pref Pullman Palace Car... Republic Steel Republic Steel pref Suar Tenn. Coal & Iron Union Pair Ac Paper Co U. It. A: P. Co. pref...

. S.-O 6 63 6.35; 4") 34 2:i S04 3'0 80-, bO 83Tg 2o0 25 25 . 234 .... 64 . 11.60 324 31 32 . 9.2:0 924 91 92 . 1.10O 444 43'i 444 40 1.31 9r,4 sr.4 l'X) 1134 1134 113 . 14.1)0 674 65 6ii . 12.40 13 994 102i4 . 3,3'X-) 2244 2214 2244 4M 1194 11 113 700 324 S22 324 3K 194 194 14 1"0 21 21 20 tA &j0 92 S3 90 . 9 3'" 50 434 43 . 1.100 134 ls4 19 . .... .... .... ' . .... .... V. 4 . l.m 125 1234 1243 6 i P"0 41 41 41 . 2.2"0 1-.4 103 1034 . l.OoO 44s; 44; 414 30 844 ft S4 2') 24 240 233 . 2.200 1.4 i: is 9)0 744 734 73" . 8.300 12 12'i 1274 . 4,9' f.4 7 es's . 100 134 134 1T,4 8P4 . 2.2' 13' 124 134 . I,:"! 84 8?.-4 83. P0 i4 if4 ifii, 2 0 L3 f 584 . 22.6' 41 4 4 4 41 . 15.3.10 914 94 91H . 2.20-) 914 91 914 .Gül.600

TT. S. V. S. U. S. U. S. Leather. Leather pref.. Hubber Rubber pref... IT. S. Steel.. V. S. Steel rref.... Western Union .... Total sales Offered. UNITED STATES PONDS. I'nited States refunding twos, ree United States refunding twos. coup.... t'nitp.l States thres. rep ..194 ..134 ..104 ..IST ..1374 ..1114 ..1114 ..1C34 United States threes, coup United States new fours, reg.. Unite.! States new fours, coup I'nited States old fours, reg... United State? old fcurs. coup.. United States fives, rep United States fives, coup Local ItaiiLs uinl Trnat Companies). Pi 1. As kel. American National Bank.. Capitai National Pank Central Trust Cumuanr.... ..122 ..16 ..121 ..112 123 ij 111 Columbia Natlon.il Hank... Indiana National Bank Intiana Trut Comrary Merchants" National Pank... Securltr Trust Company Union Trust Company Marlon Trust Company ...14. ...173 ...104 ...I'") ...21: 6 21; Local Traction nnil Industrials. BU. Asked. . 57 60 111 il.T IIa 'Hins rirrti'i a 1 1 " .u In Uls. Street-ry. bonds fours) fi.34 Citizens' Street-railway fives UD'4 Hlt r.ailwav common lo.l Pelt Itailway rref 134 InJlararltf r' !lxe I''i I. A.- i: Traction tonds (gold five?) T. P. Laycock Mfjt. Co.. 6 p. c. pref. stock J. T. Polk Co.. 7 p. c. pref. stock ClileiiKO Stork. Grander Fanvell & Co.4 Wire. J-? 11 1 1 3 141 15 102 14 11) American Can American Can pref National PiscuU National Plscuit pref Diamond Match ... 134 ... t64 ... 45 ...1-74 ...13" WEEKLY IlAMv STATEMENT. Surprising Inereane In the Lnnn Item Decreased Sarplu Ileservei. NEW YORK. May 3. The statement of the associated banks for the week ended to-day shows the following changes: Loans, increase $10.7C.S.40 Deposits, Increase 13,613,000

Specie j "$;. un 5.vü.etn 2,S29.S"0 2.141.000 3.031.5 t"i bOSAH-O, 27.2G7.Mi0, 4.73tj.y.i; S5:.3"0, 1.071.4' "Ö," 424. 4 V 363.k,0, L'U.iO; 2.5VI.20U. 1.214.1'"; 5.3v7"i! 8.2n.5"0; 1.247, A'i 2.15.l0 4:!3.L00 776.1f ' 292, 0"v; 1.773.31", b, 11 1.1".; 9o5.M"Xt( 76. 3on j 4f3.6j; 1,0,4. SO0, 71 S. 4",'! 3.S73.): 221.0O0; 4.07.0oOi 13,'.t07.0o0j 197.7. K); 3.35.2'! 2.1 47,oi 0 1 1.529.000, 17, 7. I'M I sot.mj 412.0W! 922. 2oi I 577.5ij 9.S96.100; 2.46.S.OÖ.: 222.3m"! j 411,000! 7l9.2i l,966.iij 4.'.s.tV.tj l,5s3iK.i 417,i;!l 2.371.000! y,30o.ioo 49,toOj 1,417.1:! SH.2T0 l.S05.Si"! S52,4'0j 4C1.300; I Leyuls $l.t(Vt 2.13'i.too l,5;2.2,i 1.135.i 2.s7.2"0; 440.1.C; 7.C37.0UO, 2,21i.:" 5!, 9" s:o.!'.); 41.1'tu, 304,' l03.70"j l97,X0i 297.4."; 2.038.O-.N,; 6.9:'9.50i! 214.K'j 1.79J.1W 4v',7t'Nij SN9.C-!, 45.9"! 1. 599,9 "t 6,o:;o.3'j 5."3.709j S5,tJ't 341.4Vij 777.1O0, 2o6,4ooi L,933.0o; 316.3; 1.1S9.IXN'. 4.2s1.ijOO 2 W. I "itj 2.50.1. ooo l.ot'.O.'Atoi l,027.At; l,499.6oo; S5i.3O0j 338.0O0! 461.2"Mj 279.1 NNtj 2,103.n, l94.5Vi 616.:; 74. 1; 3Ü6.1H 33 .OOo j 132,21 h)' 649,5''! 299.ih1 1 ,662.0 0! 2,2i.90 525.0ö; 425.0)0 352.900, 494. 4'V 226.C00j 102.200' . I $lv67S.M); .j 24.444.oi .( 13.Ä1.; 13.5vH.ixio, .j 21.V...!0' . 5C5.0"o; . 112.701U0, .1 iM.rra.u) . 5.225,1 0 .1 ?..;. 4) .1 l.dS.MO, $lS.39o.OU 2.1'.. 16,111.5.', 13.63S.1'; 24.4s6.S' 5.27-:. ; 120,901.0), 24.23v 1J; 5,'''4.5, 7. 350. 5 i; l,93:'.7oo, 3.4'"5."i.!! l,06.UiV 6.97,9.! 6.032.4, 27.655.' ".'I 63.421.' 6.171.'.M'j 15.1'J5.2, 3.S20.1' 6.13S.9, 2.S36.4, 14.273.inj; 56.062.3i, 5.13.i; 6.521.7O0 3.513.5o0; 6.9'i,90, 3.959.4 0, 26.977.0uo; 1.972.0ju! 2i.S96.ooo; 5.267.00, 1.43S.400; 22.s33.2uoi 13.000,O.0 10.371.0; 75.7SS.6i.tOj 4.966.K; 3.297,0; 5,1 19.6 3.561. 1 47,439,300. 10.544,300, 3,201.5Mtj 5.2JO.S. 14.67S. 4' S.3;t0.5(.t, 2,423.4'' 2.KJ 27.4 .0 24.0 243 t.o 2v 7 25.7 25. S 24.3 19.3 20.0 39. S 25.1 26.6 24.1 23.7 25.6 24.1 27.1 26.1 23.6 25.2 24.S 25.2 22.9 26.7 23.4 3.053..; 1 216.1..; 5.431.SOO, e.ittf.oooi 32.431.0oo: 73,173.5oü; 7,oT.5,7(; 14.210,4 2.01(5.7"! S.Wl.ooOi 2. 173.3' Hi 15.P12.100; 5.330.0!j 5,'.t5,7c"j 2.92,sOO! 6.4W,5ei 3.611, 4oo; 22.2iXUin, l.Wi.ouii 24. 21S.fi 01 51 .6IO.01 m 1.24f,tXi 2o.S10.0iNt, lO.3f6.0rt, 9.552,0 0, 79,65s. vi 5,wZ.7Vii 2.S74.0IM; 3.915.ootii S.C20.S(toi 39.515.0 0, 9.561.4- j 2,425,3"0 3.104.60 12.53."i,30; 7,s6ö.8tO; 2.26S.10O! 7.S24.3J0; 23.7 27.9 2S.3 26.0 24.6 24.6 25.0 25.1 22.7 27.2 24.3 25.3 25.2 25.7 25. 1 25.6 27.4 21.8 24.6 23.6 25.1 24.1 22.6 23.6 27.2 25.3 25.6 24.3 9.017.9O0! 3.031 ,OVl 16.037.0O; 40. 4"5,2oo, 4.399.0 D 7,795.1j0 4.26.9 01 9.('.3i; 4.215,OJOj 2,316,900, 2.S70.0) 13.578.000 39.M2.500 4.4o3,0J0 7.770,OO0j 4.352, 4X; 7.932. GoO 4.1bS,oOCj C,O52,S00i I $904. 162.500 I 10,7t;S,4 $173.850.400 750,400; $75.61 .0) : $91'"". 1 .9. GOO 677,300; 13.643.00oi 0. Increase. Circulation. Increase 79.000 677,300 756,4 1,433. 70 J 3,410,750 1,977,050 Legal tenders, Increase Specie, increase Reserves, increase Reserve required, increase... Surplus, decrease The banks now hold ?7,4Si,00O In excess of reserve requirements under the 25 per cent, rule. The Financier says: "The official statement of the New York associated banks last week showed an Increase of $1.433,700 in cash instead of a decrease of $2,5Ol,S0O, as was estimated from the traceable movement of money during the week. The striking feature of the official statement was the large increase of J10.76S.400 in loans. This may be regarded as surprising, considering tho fact that there was good evidence of large calling of loans early in the week, Incident to preparations for the disbursement of May Interest and dividends, and considering also that there must have been more or less liquidation of loans due to syndicate operations of some magnitude, possibly resulting In part from tho payment during the week of nO.OOO.OOO for Pennsylvania bonds, and of a like amount for Rock Island purChase?. The deposits were augmented by $13.643,000 or $1.440,1' greater than was called for by the increase in loans and In cash. The statement was, therefore, out of harmony. The required reserve was increased J3.410.750 by the gain in deposits; deducting therefrom the Increase in cash leaves $1,477,050 as the loss In surplus reserve, reducing this item to $7.484.ooj; a year ago thevrplus was $10,'ts0,lO0. Tho most notable changes in loans were by nine down-town banks, which showed a net gain of $S,M0,0A); four of thete banks increased this item $3,800.000, while two of the banks indicate a decrease of $2,010,000. Two Wall-street institutions gained $3,100,000 in specie, while two others lost $3,tjö0,Ö00. The clearings of the associated banks show an increase of about J21,CKX),000. It appears probable that, as was the case in the previous week, the cash of the banks was made up on rising averages, and moreover, the condition of the Institutions should improve during the current week by reason of the fact that treasury disbursements for interest were large on Friday, and payments by banks into the treasury, on account of retiring circulation for May and also for the return of public deposits, as noted elsewhere in this Issue, were mostly completed at the end of the week." r III VAT E WIRB ADVICES. Tone of the Market Much Retter Than Had lie en Expected. Meyer &. Klser's Telegram. NEW YORK, "May 3. The feature of the market at the opening was the absence of any pronounced pressure to sell onjihe part of commission houses. This was an agreeable surprise to the street, as it had been expected that yesterday's break in the curb market would necessitate considerable liquidation. Another encouraging feature was the character of the buying in the better classes of stocks. There was naturally some pressure on the Readings, owing to the unofficial report that the recent conference between the miners and the operators had not resulted in any satisfactory settlement of their differences. People who claim to have reliable Information now state that a strike 13 almost inevitable. L. Sc X., after a strong opening, declined rather sharply on scattered felling and then became extremely feverish. The buying, however, continues to be good, and those close to the insiders predict very much higher prices for the stock. The bank statement made an entirely different exhibit than was expected. Instead of a decrease in cash of some two millions of dollars, as had been predicted by the New York News Bureau, the banks actually paired ever $1.40.0o0. It had been hoped that the loans would show a decrease, whereas, as a matter of fact, they showed an increase of over $10,0J0.00, the result being that the surplus decreased nearly $2.00).Oi0 and now stands at a little over $7.4;ii.Oi, as against nearly $11.0j0,,--0 a year ago and nearly $16,000.000 in LKO. Probably the condition of the banks is better than is shown by the statement, Inasmuch as the liquidation during the latter part of the week on the Stock Exchange must have resulted in the paying off of a fair amount of loans. The statement was on the whole well received and the market rallied slowly after its publication and closed steady, and in many cases at nearly the best figures of the day. Hank: Statement Caused n Rally. Grander Farwell & Co.'s Telegram. NEW YORK. May 3. The market rallied somewhat after the bank statement came out on the theory that it had been discounted, as the showing was about as expected. A few shorts covered also, which helped somewhat, but there was a very small -borrowing demand for .stocks after the close, and the best posted people believe there will bo plenty of stocks for sale on any moderate rally. It was reported early that there was support in the Webb stocks on the excharge, but this whs only partly true and applied principally to Rutland. Rids for the stock wore around par. continue in a demoralized condition. 310 SETA It Y. Raten on Loans and Exelinnge Clearings und Ilalanees. NEW YORK. Call money firm at 5t per cent.; closing, bid and asked. ""zG Prime mercantile paper. 44'oCV4 per cent. Sterling exchange steady; actual business in bankers' bills. $47"8 for demand. $4A"';ii4r.; for sixty days; posted rates. $4.!w 4.V, and $4'jf'4.ky; commercial bills. Jl.SU'fi 4 .v4. Clearings. J33l.oCS,777; balances. J1J,11G.574. INDIANAPOLIS. Commercial paper. ATil per cent.; time loans. fß6 per rent. Clearings. $l.).C.sC.y2; balances. $r3.511.2C. CHICAGO. Posted exchange, J4.S6 for pixty days: $ls4 on demand. New York exchange, 2oc discount. Clearings, $J0.Id0,tül; balances, 52.:vJ.02i. BOSTON.-Clea rings, $X,CC7,416; balances, $2.460.713. ST. LOUIS. Money steady at 46 per

Loam

ISSUE LETTERS OF CREDIT Available la all parts of tbe world

U. 5. DEPOSITORY

The Merchants'

Capital and Surplus. Sl,300,000.

Buy and Sell U. S. Bonds

Accounts Solicited

cent. New York exchange, par. Clearings. $i,0'3.S57; balances. ?l,;i5.4t PHILADELPHIA. Money, 4i per cent. Clearing?. $2t,307.4J4; balances. $2.S2.2Ö4. RA LTI MORE. Money, 5 per cent. Clearings. $4.1 vi,5; balances'. $Tk1i7.':. CINCINNATI. Money, CV-ji per cent. New York exchange, Iu'jIjc premium. Clearings, $2.477,0'. Money Rate Abroad. LONDON. Money. 2" 2 per cent.; discounts, :Vi-2 13-16 por cent. Consols, i4 13-16 ('". Spanish fours, 7s"s. R ERLIN. Exchange on London. 20m 4?pf for checks. Discount rates: Short bills, 14 per cent.; three months' bills-, 1 per cent. Markets for Sliver. NEW YORK. Rar silver, 50Hc; Mexican dollars, 41c. LONDON. Silver bars closed at 23;d an ounce. Speele nnd Merchandise Movement. NEW YORK. Exports of specie from this port to all countries for the week aggregate $206.1(47 in silver and $o.:o7 in gold. Imports of specie were J3,'.7 In gold and $2,7oS in silver. Imports of dry poods and merchandise at the port of New York for the week were valued at $9,77S,7ö5. Treasury Statement. WASHINGTON.-Saturday's statement of the treasury balances in the general fund, exclusive of the $1.V),000.G00 gold reserve in the division of redemption, shows: Available cash balance $1".4,813.0U5 Gold 13,125,1S3 ALL GRAINS ARE LOWER WEATHER AXD FA VOR A RLE CROP SEWS AHE THE FACTORS. Losses in AH Cases, Hovrever, Are Only Fractional Hot; Products Independently Strong nnd Hlffber. CHICAGO, May 3. Many bulls changed their sentiment on the grain situation today, and, although trade was for the mott part quiet and unimportant, lower prics resulted. At the close July wheat was tfcc lower, corn l&'S'ic down and oats hie lower. Provisions were independently strong and closed 5c to 7Vi1JlCc higher. At the outset wheat showed good strength. Cables were firm and Indicated a generally strong foreign position, especially when the recent sales to France were considered. There was too much rain Northwest to permit of early springwheat sowing, and the possibility of a retarded spring crop gave the bulla a higher price argument. The government reports still showed Kansas and Nebraska suffering for want of rain. On these influences July wheat opened H3Kc to Gic up. at 76"i377c. Private messages, however, soon began to arrive telling of rains in Kansas. This broke the market for a time, but the foreign situation brought another rally. The quiet nature of the market, however, helped the bears, and when the Kansas rains were considered again they put a selling pressure on the cereal. July fell to 757ic and closed weak and "c lower, at 761i7Gc. Local receipts were 31 cars, one of contract grade. Northwestern points were reporting much freer deliveries by farmers, receiving to-day in Minneapolis and Duluth 267 cars, a total of against 1SG last week and 233 a year ago. Australian shipments were 12),0'J0 bu, compared with 2Mt.000 last year. Primary shipments were S33.000 bu. against 372.00O a year ago. Seaboard clearances in wheat and flour equaled 411,000 bu. Corn was ag-ain weak, with commission houses selling, based on excellent crop news as the feature. Weather turned the scale in favor of the bears. At the opening cables were comparatively firm, and the wheat strength upheld corn prices. Conditions In the fields, however, we.ro all that could be desired, and speculative confidence was badly shaken. Holders of long property all seemed desirous to sell. There was no attempt made by the leading bull bouse to support the market, and many commission houses were advising sale. Receivers were reporting more disposition on the part of country holders to sell their cash corn. Under these influences prices gradually sagged off. July, which sold early at 62"ic, closed weak, ic down, at tilc. Receipts were 143 cars. Oats were dull, with a small trade over a very narrow range. Crop advices indicated a favorable situation, and offerings were rapidly increasing. The cash situation was improved, and commission houses bought sparingly on this influence. The market, however, felt the depression in wheat and corn, and July closed easy, VaC lower, at iC'ic Receipts were 226 cars. Provisions were strong but quiet. Hog prices at the yards were higher because of a small run. A few scalpers sold products, but they were readily taken up and prices made good advances. July pork closed 1 4 (TlOc up. at $17.10ff 17.17V2; lard 5c up. at $10.20, and ribs 537?c higher, at $J.'j 9.57Vi. Estimated receipts for Monday Wheat, 23 cars: corn. 10; oats. 233; hop. 22.000 head. Leading' futures ranged as follows:

Articles. Opn- HiRh- Ivw- CIoiWheat ing. t. e.t. Ing. May .. 7".T, 71 7. July .. 7SV7? 77 7", 7j -76 S&pt .. 7öVs-76',4 76'i 5.s 7""--7",i Corn Mav .. 0ä Gv M CO July .. 2 -62'i Cl'i 61'i Sept .. 61;-61 614 6'4 6j CatsMay .. 42 42; 41H 42 July . 21 34 31s 2H July.. 3KS-35H 3K,-3U, Zd ii pt . IMS SSVSu i'S -S Sept.. ZV.i 31'- 31", 3',4 Tork Mav ..fl.&O fl5 1 tU M July .. 17.0Ö 17.32 17.-3 17.1'M2

Sm-t .. 17.22'i 17.224 17.13 Lri r , I'm: jo 20 l').27i ion IMS 10.224 IMI'i r.2' July Set t 10.13 ID. 22 10 74 ci! My. .... .... .... July .. !..'" J."1 9.M s.-pt .. ft :.:1! ö.e. 9.r,:'i 9.33 - Old. "New. Cah quotations were us follows: Flour firm; winter .atnt. JTJmVJU: straights. tt.2"y3v'; clears. tVf 3.I.": sprln facials, H.'2'fii.w: jter.t?. $3.4;'i3.y; stralcMs, Ji.?i.r30. No. 3 spring wheat. 71'77: No. 2 rd. SiSiUc. So. oftts. 42c; No. 2 wMt 44'nM'jC; No. i whit. 43"-.'44c. No. J rv. M1m?. Fair to chr.lr. maUlnjr tarlfj-. to'vlVr. No. l ".. 1. 11.67; No. 1 Northwestern, 11.73. Prlmt timothy seed. I7.2.'vi7.2j. Clover, contract prade. Moss SK.rk. pr Lil. $iJ L.ar.1. j.fr 1 l, !0.i:.Til't.l7'i. Short-rib sl-les Jooe. $3.3' D.W. Irv-t-altfd shoul lis bol l7.7:.'fiS Sh-.rt-ck-ar s!.i"s boxe.1. ROd' t 10.20. WMsky, basis of hlKh win"". It. 30. Receipt Flour, l.o0 trls; wheat. 42."0 bu; corn, l.'to bu; cats. 2l.Ci bu; rye. 2.- bu; barley. 21. '0 Lu. Shipments Flour. 9 .tvxi brl; wheat, 2'-.''.0 bu; corn. 2. bu; oats, 167,t0 bu; rye. IZ.V)) Lu; barley, l.tv-o bu. m AT NEW VOI tlv. Cralns Itrenk SIlKlitly on Crop rm(ietiernl List Is Firm. NEW YORK, May 3.-Flour-Receipts. 23.333 brls; exports. 11,735 bris; sa'es, C. .'on packages. Market quiet but very firm. Winter patents. $3.S34.05; winter straights, ttUl; Minnesota patents. $J.0'ti 1.13; winter extras. Jo.1Ü1i3.33; Minnesota bakers'. $3t3.30; winter low grades, $2Ji3.13. Rye flour ejuiet; sales, Vj) brls; fair to good. $3.13 tiZ.; choice to fancy. UfjIC. Cornmeal steady; yellow Western, $1.3); city. $1.2S; Rrandywlne. $3.3Ci3.W. Rye eay; No. 2 Western. ti3c f. o. b. afloat; State. l'4ifi2c c L X. New 1'ork cajrloU. Parley dull;

FOREIGN DRAFTS ; and MONEY ORDERS

National Banki i-oreign money j Bought and Sold j fecdincr. 61ajCc c. 1. f. New York; malting. 674; 73c c. i. f. New York. Wheat Receipt. i:'3.0. bu; exports, 4:5 bu; sales, ?J0.ti bu future. 24a.) by spot. Siot Fteady; No. 2 rfJ. i-e elevator, Slc f. o. b. afloat; No. 1 north rn Duluth, STc f. o. b. afltat; No. 1 hard Manitoba. KK4c f. o. b. afloat. Wheat canned firm and a shade higher, being Infi.;. need by dry Kansas weather and strer gth in the Northwest, but efforts to take profits revealed little pood support and weakness ensued. Near the close prlct-m rallied on a forecast for dry weather In Kansas and left off fcc net hUher; May. 81vil7o. cl.l at Mc; July. M 13-16 uS2"-4C. closed at Kc; September. oVusdUc closed at M.4c. Corn Rectipts, 23.41,0 bu; exports, 40 bu; sales. 70.ttt.iJ bu. Spot steady; No. 2. f."2c elevator. 6'jc f. o. b. afloat. .Options opened steady with wheat anl then yielded to bearish crop news, fair receipts, lower cable and unloading. Finally rallie! with wheat and clewed about steady at '' 'c r.et decline. May closed at Cc; July. m.'vJ 671,0. clcsed at 67c; ScptcmUr, ü V 6ö"..c, closed at Wie. Oats Receipts. 153.1 bu. Spot quiet. No. 2. 47c; No. 3. 4;ViC; No. 2 white. :-2c; No. 9 white, Slc; track mixed "Western. 47'.4ic: track white, "''.j.'öc. elptior.s dull and lower. Feed dull. Spring bran. fl7.7:.'.ilv.; mU. dlings, SiaitSLUo: winter bran. I.i'j2j; city, $lS.rj. Hay dull. Shipping, I3'jtirc; good to choice. 87"-s V" ,;3c. Hops quiet. State, common to choice, l:i crop. 16Ü20C; 1.J. lZUUc; old, 4'uCc; Pacific coast, l'.'Jl crop. lrlJj'ic; UM., lS-'Jllc; old. 4 i6c. Hl' s firm. Galveston. 20 to 23 pounds. ISc; California. 21 to 23 p-unds. lHc; Texas drv. 24 to 30 pounds, 13c. Leather quiet. Acid. 241 23c. Beef firm. Family. $1C; mess. $13; beef hams, J2122; packet. fl5; city, extra India mess. $23724 Cut meats firm. Pickled tellies. $ 10. 5"Vg H-23: pickled shoulders. Js.505iS.73; rickicd hams. fll.rTill I-ird steady. Western steamed. $io.OJ. Refined firm; continental. $10.70; South American, JU.lu; compound. $.."r7S.75. Pork firm. Family, $ly?tia.'j3; short clear, $115021; mess. $17.23'5i.. Tallow ctrady. City ($2 for packasre), ic: country (packages free), 6VjGvc. Cotton seed oil firm. Prime crude nominal; prime yellow, 43H'?f4Ce. Rice firm; Japan. 4"iCe. Molasses firm; New Orleans open kettle, good to choice, 33Ij41c. Coffee Spot Rio dull; No. 7 Invoice, 5 7-160. Mild dull; Cordova. W3l2c Sugar Raw strong; fair refining. Sc; centrifugal. 06 test, 3'ic; molasses sugai, 234c Refined firm; No. 6, 4.1f.c; No. 7. 4..5c; No. S.iic; No. 9. 3.W. No. 10. 3 83c; No. 11. S.SOc; No. 12. 3.73c; No. IS. 3.73c; No. 14, 3.73c; standard A. 4.r0c; confectioners' A. 4.Wc; mold A. B.h'c; cut loaf. B.LCk; crushed, 5.20c; powdered. 4.tc; granulated, 4.70c; cubes, 4.Ü3C. TRADE IN GENERAL. Quotations nt St. Louis, Ilaltlmore, Cluclnuntl nud Other I'Inces. ST. LOUIS. Miy J. Flour dull; rej winter ratents, $3.7vi;3.fc5; extra rancy and straight, $:.4Cdi:.3"; medium clar. lidiAuS.M. Timothy sed. t..5i'3$.2ö. Corn meal steady st f 3.1i. isran about steady; sacked. i2lJic. VVh-at lower; No. 2 red. cash, cletatur, fclc; track, MaMo; May. 7S"ac; July. 74c; September, 75c; No. 3 bard, 77573C. Corn lowsr; No. 2. cai-ti. C4c; track, Ci'sc; May, t2c; July, C2'.üC2c; September. ('C. Oats lower: No. 2. cash. 44c: trark, 4t34ic: May. 42c; July. 33e; te:.temter. r.c; No. 2 white. 4"'j4'-;4c. Rye firm at 6c. Poric higher; Jobbing, $17.o for old. $17.65 for new. lard higher at I10.O2S. Ury-snlt meats etron:; boxed lots extra shorts, ..7ä; clar rlt-s. f.1, ; short elfar. $..87.t. lUron atrun; boxed lots xtra shorts, 10. ",; clear ribs, fi-v&ü; short clear. Jlu.75. Hay Timothy quiet and easy at 13 ; prairie firm at 112 314. Whisky atemly at R.SO. Iren cotton ties steady at ll.W. lUsring etea.Iy at 5tSe. Hemp twine. ic. Re. ceipts Flour. .0j brl; wheat. 1.4 bu; corn, S2.t bu; oats, ö4.0o) bu. Shipments Fiour, 6.v0 brls; wheat, 11.00 bu; corn. 6,tuo bu; oats, sa.oo bu. LIVERPOOL May J. Wheat F pot. No, 2 rel Western winter, no stock; No. 1 northern fprlng steady at ts &d; No. 1 California quiet at ftj 4d. Corn Spot steafly; American mixed, new, ts bd; American mixed, oli, It SI. Flour St. Louis fancy winter Krm at Js 8i. Deef atror.c; extra India mess. l-0s. Fork strong: x-rlms Western rr.ess, 7Ss. llama Trm; short cut. 14 t 16 lbs, Ht. Daoon firm; Cumberland cut, 21 to 3o lbs. short ribs 1 to 84 lbs. t2s 6d; Ion clear middles (.light), 2S to 34 lbs. .2s; long clear middles (htavy), 33 to 4) lbs. r.2: short clear backs, 16 to 20 lbs. tin; clear bellies 14 to It lbs, Cls 6d. Shoulders S-r.are, 11 to 13 lbs. frm at Sd. Lard firm; irime Western. In tierces, vis 3d; American refined, in fall. Ms. liuttr firmer; finest United States. t".s. Cheesa firm; American finest white. i6s; Anierlcan finest colored. 6js. Tallow Prim city firm at 3oi. L.OUISVILLK. Mar . Wheat No. 3 red and loriKberry, 4c; No. 3 red and lonjrberry, f2c. A jvj.les Sun-dried. lr lb for bright; me'Iluia bright, 4c; dark. 3c. Teaches. l',i:"4c. Iieni Northern hand-picked. li.tW.ai.75 per bu. Timothy sesi. 1 3ä S.io per bu; extra clean Huefrrats, 3'c; red top. He per bu; red clover. $3.3-1 per bu. liar Choice, in car lots on track. I14x5i1j; clover. $l').ö"ll.rt". Straw. $."55.ViO. Clean in teng:, (44.20 pr lb. I'otatoes. u.ii per bu; r.evr potatoes. $'ifa.W rr brl. New onions. $1.41 per bu; new green onions. IV per doz. Leaf lettuce, r0c per bu. Feppeis, $3 per crate. Green beans $2 rer crate. RALTIMORT. May 3. Flour quiet and prlrea unchanged. Wheat firm; contraei. spt't anl ths month, tUiSRe; No. 2 re.1. 4c; July. fcC'-'J Jjji2c; steamer No. 2 red. Ril,öSlc; Southern l r sample. Tr.'j'r.c; Southern on grade. Klit'c. Corn firm at decitn; mixed sfot and the month, (b'j C.V4C; Julr. C'c; steamer mixed. C4'"4V4c; Southern white corn. Hlc: Southern yellow corn. eS t,vt6c. Oats steady; No. 2 white. .V'Siyoe: No. 3 mixed. 4tt4c. Itje dull; No. 2 r.car-ty, 6)3 61c; No. 3 Western. CZiC2c. KANSAS CITY. May 3 Wheat-May, 72c; July, 73c; cash. No. 2 hard, 73;i7c; No. 2 rel, 7"'flS'C. Corn Mav. C3c; September. .Vj "!: cah. No. 2 mixed. Sl'jl'Aic; No. 2 white, TöftTc. Oats No. 2 white. 4'j47c Lrg Fre-h, llc. Receipts Wheat. 22.4fu bu; corn. '1.2 bu; oats, KiKO bu. Shipments Wheat, l,i-0 bu; corn, 3fc.X bu; oats, 3,iJ bu. TOLF.DO. Msy 3. Wheat dull: cash. fSc; May, f4"2c; July. '3e; September. 7,.c. trn dull and easier; csfh, lc; May. Clc; July. September. Cllc. Oats lull atil easier: cai-h. 4:c; May. 4",c; July. Zl.r. Clover seed dull and steady; October, ti.3. Prime timothy, $3.20. CINCINNATI. May 3 Flour dull. Wheat firm; No. 2 rt-d. hvsi'ie. rorn firm: No. J mixed. euVdC7c. Oats dull: No. 2 mixed, 4;ljC. Rye dull; No. 2. C2',c. Larl firm at $10.10. llulic meats steady at I. 71. F.acoa stror.s; at IU. Whisky actlva on basis of .lf). Surar quiet. DULI'TR. May 3. Wheat-Cash. No. 1 hard. 7'.'i2c; No. 2 northern. 74tc; No. 1 northern. 762t: July. 7tf; lereniber. ft4"7c: Manitoba, No. 1 northern, cash. 7,';c; No. 2 northern, 7ic. Oats e'ash. 4::ic; September, D'.'.c. MINNEAI'OLIS, May l.-Wheat-May. mW T:c; July. 7.'i75c: Sej-ttn.ber, 73c; on trac a. No. 1 bard. Tic; No. 1 northern. 7C,S'Sc; No. 2 northern. 'k". MILWAUKEE. Mar 3 Carlty steady; No. 2 7C7ütc; (amle. 6a7vc. Hotter, Cheese antt Ckki. NHW YORK. May 3. Putter Recel; ts. 4.1M lackages; n.aiket tirm; State dairy. 1:'. tate ereamery. l"'f;:ic; renovated, "alle; tartory, ITU'jc; Imitation creamery, 1S''j-''. Chellecelpt. 3."0 ii.kapes; market r.nn; State, full crem, small. Tly made, fancy, colored and white. lJlSUe: full cream, lrr. fall ms, colored and white. 12,il2'4c. K-r Receipts. 11 . .'. 2 packages; market rtady; State anl Pennsylvania. lT'ai:e; ttn. at mark, J"5i iTSc; bouthern, at niaik, liVw'lV:. l'HII.ALLLPHIA. May J.-P.itter f.rm Li in Eo..d deir.and; extrn Vtern crrnery. 2tc; extra rifr-t'T print, i'ir. l.tce f.rm anl in irood ümand;" fresh near-by. be; freh U'etern. 1', lc; fresh Suth extern, E?lL'c. 'he ffrtn; New York full creams, fancy mall. c; New Ycrk full creams, fair to chol'-e, HiiiZ'iC. r.ALTIMrHK. May $. Putter frm and unchar.l; fancy Imitation. 2-' ;2ic; fancy crean.ery. 2i'j3c; farcy lo lie. lS';.. o; tnry r(Jn. j 21c; KH.l rd.'. lSi.'l; store packed, lä;'..-. tZgzB staiy ar, I hUhr; fre.h. ::.',c. Cfiis firm and uncbanrel; larje, Ujl2c: medium. Ujl2c; small. 12''i I2.c. LOPISV1IXE. May 3-Rins. $i,910c wr lb; fall chi. kens. r.'jJ' Vr 1 ien; s;tir.jr cl.ickena. Jl l '-ri V). your. ducks. V0 2 "c: eese. f ull-f. i hred. 4 per d en; young turkeys, sc pr It; Cd 1. C'J7p. CHICAGO. May 3 "n tn rro-lur Fsehsrra to-dy the butter market was steady; creameries, I7'j21l;c; dairus. 17ü'c. t'l.--K steady at 12 iilJ'jc P-es"" steady; frh. lie. KANSAS CITY. May 3 Ekes steady: at mars-, new No. 2 wr.ltewood caes liiduded. 14'tc; caaas returned. 14... CINCINNATI. May 2 Ecs eaäy nl 1-jwer at H'i. Patter Quiet. ChtK-e steady; uhla r.at, 1:0. ST. LOl'IS. May l.-R-atter steady; creart-ery, lSj2"c; dairy. lt,ü-"C- -"- steady t HUc. IR'ISVILMi Mir 3 .-Putter Cmmoa sdJl medium. UHllc lr lb; s vl. Ho. Oils. NEW YOrtK. May S.-r-tr.deum ste,)r; rJf.nel New Yrk. 7.4Je; Ihüa Irl j r ia ana l'ait!mure. 7.3!: Pi.ilali-ilhU nr l l'.altimore, la l a'dt. 4 (.'" . lloein stea l; etrair.rd fDiünn tu vi l ti'i-Jltj. Sj-irlis tf turpentine dull at S-'j 4tK". SAVANNAH. May 3 -Spirits cf turjntlr tadr et 4!'rC. Po"Jn firm. tju-t: A. K C. r ""(.CONTl.N iVi-I U.N l'Aüin, CdU tj""'