Indianapolis Journal, Volume 52, Number 363, Indianapolis, Marion County, 29 December 1902 — Page 7

THE INDIANAPOLIS JO URN AT MONDAY, DECEMBER 29, 1902.

So Shares New Long Distance Tel. Co. 30 Share New Telephone Co.

3, 000 New Telephone Co. xst 5 per cent. Gold Bonds. $3,000 New Telephone Co. and 3 per cent. Gold Bonds. $33.000 Delaware and Madison Counties Telephone Company xsta percent. Oold Bonis. ao Shares Ind. Mfg. Company. HARRY D. CAT ES (Si. CO., Investments, Stocks, Bonds, VX.ETC1IISR BANK BUILDINO. New Telephone No. 8. S. A. FLETCHER Sc CO.'S Soo Deponit Vrxtlt, 3C Cast Waibloeton Street. Absolut safety again;; fir and burglar. Policeman cay and night on guard. Dettjrn'fl for safe keeping of Money. Bono. Wills. Dseds. Attracts. Sliver Plat. Jewels, and valuable Trunks. Fackares. etc. Contains 2.100 boxe. Itent 93 to 945 Per Year. JOIIX S. TARKIXGTOX - - Manager.

I WILL BUY Consumers' Gas Trust Stock

NEWTON TODD, InÄ Fletcher Bank Building:.

S4WS AKD 31 ILL SUPPLIES.

'Msm

ATKINS SAWS Alvlv KINDS Sold by Deae5 Everywhere.

b. afloat. In absence of cables or other Important news wheat was dull all day. but steadily held, on the strength of corn and light offerings; closed steady and unchanged, except on December, which was lie off, under deliveries. May, 81US1 5-16c, closed at 61Uc; July closed at 7&?c; December. 84!iS4Vc. closed at Mc. Corn Receipts, W.SM) bu; exports, 3S.S93 bu; spot steady; No. 2. 65c elevator, 5SHc f. o. b. afloat: No. 2 yellow. COc; No. 2 white. Clc. December corn advanced a cent more on covering and all positions up to May also were affected, stocks being light and grading still poor. December closed lc higher, January c up and May unchanged. January, 54?ifr53c, closed at 55c; May. 47 7-l&34.sttc, closed at 4St,c; December, 64!i'!565c. closed at 65c. Oats Receipts, 133.01.0 bu: exports, 25.210 bu; spot firm: No. 2, CSfi3SHc; standard white, Syc; No. 3, 37 ic; No. 2 white. 3D4c; No. 3 white, 35c; track white, Sä43c. Options steady and quiet. Hay quiet; shipping, 5570c; good to choice, 16ft f I. Hops quiet; State, common to choice, 1502. 'an 37c; 1901. 23-&26C; old. 7f212ic. Hides quiet; Galveston, 2023 lb, lsc; California, 21Ti25 lb. 19c; Texas dry, 2430 lb, 14c. Leather steady; acid. 2425Vc. Beef steady; family, mess, $10.50'?? 11; beef hams, $20.5022; packet, $1416; city extra India mess, $25'(I23. Cut meats quiet: pickled bellies, $s.73'&9.75; pickled shoulders. $S. 251x8. 50; pickled hams. $11.25'; 11.50. Lard firmer; Western steamed, $10. SO; refined firm; continental. $11; S. A.,

$11.50; compound. $7.507.75. Pork firm; family, $18; short clear, $21-923; mess, $1S 18.50. Tallow steady; city, 5c; country, 66Uc. Cotton-seed oil steady; prime crude, nominal; prime yellow, 2&mi29Hc. Rice quiet; domestic, fair to extra. 4145? 6Tc; Japan, nominal. Molasses quiet; New Orleans open kettle, good to choice, 32(i40c. Coffee Spot Rio quiet; No. 7 invoice, 5!4c; mild, quiet; Cordova, 7H12c. Sugar Jtaw nominal; fair refining, 3 7-16c; centrifugal. 06 test, 3 29-32c; molasses sugar, 3 3-16c; refined steady; No. 6, 4.45c; No. 7, 4.40c; No. S, 4.r.3c; No. 9. 4.30c; No. 10. 4.25c; No. 11, 4.20c; No. 12. 4.15c; No. 13. 4.10c; No. 14, 4.05c; confectioners' A, 4.70c; powdered, 5.10c; granulaU-d, 4.S5c; cubes, 5.10c. TRADE IN GEXERAL.

WEEK IN WALL STREET

SPECULATORS GENERALLY WAIT FOR THE YEAR'S EXD.

Trading: Has Deen Dull, bat the Tone IIa Deco rue Better Survey of the Monetary Situation.

BARRY SAWS MILL SUPPLIES OP ALI KINDS

GRAIN TRADING IS DULL

PRICES HOLD STEADY, HOWEVER, "WITH CORX A LITTLE UP.

Receipt of "Wheat Are Lieht, bat Corn Comet in Freely Mixed Changes In Provision.

CHICAGO, Dec. 27. There was little do1ns in either grain or provision pits to-day.

Quotation at St. Louis, Daltimore, Cincinnati aud Elsewhere. ST. LOUIS. Dec. 27. Flour steady: red winter patents. $3.Si83.S0: extra fancy and straight. J3 0HX3.30; clear, 2.90fti3. Timothy seed steady at $2.9J3.40. Corn m-al stead at $2.30. Uran, sacked, east track, 72tt7ic. Wheat quiet; No. 2 red. cash, elevator, nominal; track. 74074Vc; May, 764376c; No. 2 hard. 66Ä72UC Corn steady; No. 2. cash, 4ÖVjc: track. 4oWiiöc: December. 46c asked; May, 39vc. Oats firm; No. 2. cash. 324c; track. 334c; May. 33c bid; No. 2 white, 35c. Rye steady at 49fj49Vic. Pork higher: Jobbing, standard mess. $13.50. Lard weak at 110.174. rry Kalt meats quirt: boxel extra short. I3.12&; clear ribs, V. short clear, 0.;0. Karon quiet; boxed eitra short, $10.50: clear ribs, flO.M; short clear. $11. Ha easier; timothy. Jll?rl3; prairie. $10.50012. Whisky steady at $1.32. Iron cotton-ties steady at $1.07Va- Bagging, 6 13-16&7 l-16c. Hemp twine. c. ReceiptsFlour. 8.000 brls; wheat. 64.0O) bu; corn. lOS.nnO tu; oats. 61.000 bu. Shipments Flour. 11.0'h) trla; wheat, 54,000 bu; corn. 73,000 bu; oats, 43,Ooo bu. KANSAS CITY. Dec. 27. Wheat December. 9-YG63'.fic; carh. No. 2 hard. 67S6Sc; No. 3. 64 C6c; No. 4 hard, $0i?j60c: rejected hard, 54c: No. 2 i"d. 66670 ; No. 3. 65f664c Corn December, 374c; May. 37e; cash. No. 2 mixed. 374ff 37,ic; No. 2 white, 38c; No. 3. $7ic. Oats No. 2 white. 234c; No. 2 mixed. 324c. Ityer-No. 2. 44c. Hay Choice timothy. S11.S0&12: choice prairie, 9.209.73. Receipts Wheat. 18.400 bu: -rn. 32.20o bu; oats, 13.0O0 bu. Shipments Wheat, 30,200 bu; corn. 6.80O bu; oats. 6). 000 bu. LOUISVILLE. Dec 27. Wheat No. 2 red and

lonnberry. 74c; No.. 3 red and longberry, 72c

but In spite of the extreme dullness the Apples-Sun-dried. 4'35c per lb for large and

, I 1111 inn ivsc ior menium. r'cne, -rc

market exhibited steadiness. May

closing unchanged, corn He higher and oats unchanged. Provisions were Zc lower to V.'iibc higher. The only feature In the wheat pit was the steadiness manifested in the face of a very dull market. Receipts in the Northwest

Iteans Northern hand-r-lcked. $3.63 per bu; Indi

ana new beans, $2.25'3'2.60 per bu. Hay Choice, in car lots, on track, $14ftl4.50; clover, JlOftll. Straw, $.".50. Clean Rlnsenn. $4g4.2 rer lb. Potatoes, $1.73 ptr brl; Northern potatoes, WfiOc per bu. Onions, $22.23 per brl. New cabbage, SKte per brl. Peppers, $2 per crate. TOLEDO. Dee. 27. Wheat dull and steady: cash and December. 7Sc; May. 81ic. Corn dull and steady: . December. 43lic: May. 43Tc. Oats

and at primary points were again small and dull and steady; December. 34c; May, 344c Rye

helped in maintaining prices. There was a tendency early toward higher prices, but realizing by the bull leader held the market down and fluctuations wero confined within a narrow range. May opened unchanged to a shade higher at 770 to TTU 77Hc, and sold between 77tc and 77C closing unchanged at Tlc Clearances of wheat . and flour were equal to 217.400 bu. Trimary receipts were 567,500 bu, against 615,900 a year ago. Minneapolis and Duluth reported , receipt, of 277 cars, which, with local receipts of 59 cars, one of contract grade, rqade a total of 336 cars,- compared with 4SS laut week and 4 a year ago. Corn ruled extremely dull in the absence of Influential news. Nearby deliveries were firmer, due to covering by a few scattered lng factor, being clear and cold throughout the West. May was He higher at the close at 43VjC after selling between 43Vi43ftc and 43Hc. Receipts were 256 cars, 7 of contract

grade.

No. 2, 32c. Clover seed dull and steady; Janu

ary, $6.70; March. $6.83; prime timothy, $l.w; prime alslke. $3.13. CINCINNATI. Dec. 27.-FIour firm. Wheat Arm; No. 2 red. 7S784c. Corn steady: No. 3 mixed, 44c. Oats easier; No. 2 mixed. 362364c Itye firm; No. 2 fctic. Lard quiet at $10. Iiullc meats easy at tx'z. Iiacon easy at $10.50. Whisky quiet at $1.31. Sugar steady. BALTIMORE, Dec 27. Flour steady and unchanged. Wheat firmer: spot and December,

76A4r76iC. Cora firm: hvoi. old. 52S2Uc Oats

firm; No. 2 white, 404 41c. DULUTH, Dec 27. Whet Cash No. 1 hard. "44c; No.- 1 northern. 73c; December; 734c; May, 76 c. Oats December, 314c; May, 334c; to arrive and on track, 32c. MINNEAPOLIS. Dec 27. Wheat December, "2c; May. 73V875Hc: No. 1 hard. o . track. 734c; No. 1 northern, 744c; No. 2 nortr-"n, 73c. MILWAUKEE. Dec. 27. Barley Arm; standard, 56c; sample, 4035c -

NEW YORK, Dec. 27. The stock market halted In an uncertain way to-day before the publication of the bank statement and after a dip following the publication was strongly supported and closed firm at general recoveries. Rock Island and Amalgamated were effective leaders in the recovery. The 2-poInt rise in Rock Island had no other explanation than a good statement of earnings for November, and claims for very large future earnings. The buying of the stock was concentrated and was attributed to Western orders. The movement In Amalgamated was reported to be due to buying on account of rival Interests, which were offered as corroborative evi

dence of rumors of an agreement to end the copper war by arbitration. Amalgamated interests put out disclaimers of these rumors, but the stock advanced 3 on very heavy buying. There was palpable profit taking in Brooklyn Transit, Manhattan and Erie under cover of the new movement in Rock Island. Reports from the West of a threatened breach In railroad relations growing out of the recent contest in Colorado Fuel caused a break In Denver & Rio Grande preferred. The decrease of over two millions in banking reserves was larger than foreshadowed. Some relief was felt, however, at the decrease in loans, although it was small, as there was some apprehension that loans had been expanded during the week to obtain funds for the liquidation of foreign obligations. ' The heavy drop In cash reserves and the enormous expansion in credits of the banks of England and Germany attracted attention. This is not abnormal at the year-end in the case of the great central banking institutions abroad, and there is always a quick and violent return of funds into the reserves after the turn of the year. The retention of the 4 per cent. Bank of England rate, however, Is not of much significance, as the bank has been charging 4 Vi per cent. Another ?100f000 was transferred to New Orleans through the subtreasury to-day and the squeeze of December shorts in corn disclosed the possibility of an emergency demand from Chicago for funds. A feature of the day was a number of sharp advances in Inconspicuous stocks. The week's stock market has shown the normal repression caused by the interruption of a midweek holiday, which always tends to discourage activity. Apparently the short account predominated in the activity on Wednesday, and the buying to cover helped to sustain the market. The professional traders, who aim to follow the current of sentiment rather than to consult larg underlying conditions, have been persistent short sellers of the market for several days. Their argument Is that the rally in the market which followed the formation of the bankers' $50.000,000 money pool has run too fast and too far, making a fresh reaction probable. There has been a perceptible check to the upward

New York Central 13.600 Norfolk & Western 3.100 Norfolk & Western pref Ontario & Western 1.30)

Pennsylvania Reading

Reading 1st rref Reading 2d rref 2.700 Rock Island 26,100 Rock Island pref 600 St. L$. San Francisco.. l.lvO

fet. u & Fan Fran. 1st pf. St. L. & San Fran. 2d pf. St. Louis Southwestern... St. Li. Southwestern pf.. St. Paul St. Paul rref

Southern Pacific 9.400 Southern Railway 10.500 Southern Railway pref... ) Texas & Pacific 2.i"00 Toledo. St. Louis & West. 9 0

Tol.. St. L & West. vt. 700

132 72 314

4.4 1334 21. 600 63-4

7 4S4 S4 73 .... 714 274

900 30

200

614

12.&O0 ITsH i. .....

64 33 1 4"4 2S4 44

17.3i0 1004

100

400 7. soo 300 600

9i 29 43 214 264 53

1314 1324 714 724 91 3'4 30Ti 134 1334 644 634 .... 6

77 4S4 R34 744 80 714 274 614 17S4 1924 334 2Vi 40 284 44 1004 S2 24 41 24 334 26

77 46 83 4 73 71 27 61

S2 39 27 46

ft A1

2S 43 24H 26 524

200 220 132

Union Pacific

Union Pacific pref Wabash Wabash pref Wheeling & Lake Erie... Wheeling & L.. E. 2d pf.. Wisconsin Central Wisconsin Central pref..

EXPRESS COMPANIES

Adams .

American

United States

Wells-Fargo MISCELLANEOUS Amalgamated Copper 52.300 American Car & Foundry. 500 Am. Car & Foundry pref 100 American Linseed Oil American Linseed Oil pf

American Locomotive .... American Locomotive pf.. Am. Smelting & Refining. Am. Smelting & Ref. pf. Anaconda Mlnlne Co

Brooklyn Rapid Transit.. 8,500 Colorado Fuel &. Iron 300

Consolidated Gas 4' 213U 2124 212

Continental Tobacco pf... 100 1134 1134 U44 General Electric 300 178 177 1774

1.700 100 900

600

634 35

2S i34 42 14 94 68

594 24 90

2S 934 41 90 92 67

634 344 90 15 ) 29 95 42 SIVi 94 6S

604

500 300 600

200

Hocking Coal 300

International Paper International paper pref. International Power Laclede Gas

National Riscuit National Lead... North American Pacific Coast .... Pacific aMll

People's Gas

Pressed Steel Car Pressed Steel Car pref... Pullman Palace Car Republic Steel

Republic Steel pref

in 71 64

100 IIS 100 70 200 39 2.2"iO 103 700 60 1U0 92

194 71 60

2G4 118 70 394 103 60 92

300 19 19

Sugar

19 Va

is 71 64 5 45 2G 1164 70 33 103 60 92 230 194 76

the banks lest 12,020.000 in cash, specie de creasing $3,234.300 and legal tenders in creasing Jl,iu2,400. The unofficial prelim

inary estimates of the movement of money

for the week made the cash gain over $300.ouo, the clearing house institutions having lost J770.2U0 to the interior and gained $1.071.Oüü from treasury operations and receipts of new gold. It is difficult to explain this discrepancy, although it is probable that the shipments of money to the Interior, which aggregated nearly J6.2Ö0.0U0. against receipts of about $5,5o0,uu0, are reflected in the average system to the disadvantage of the banks. The shipments to the South were unusually large, owing to operations in cotton. The season has arrived, however, when remittances from the interior may be expected to Increase. It is also true that the trust companies of New York must file their semi-annual reports next Wednesday, and since some of these Institutions like to make a gxod showing of cash in vault their balances in banks may have been drawn on for temporary purposes. It la usually the case that money Hows rapidly into banks following Christmas local trade, but if this has occurred within the past day or two other movements have Quite counteracted it. One favorable feature not disclosed by the statement is that the banks for the first time in over two months are gaining on subtreasury operations. Other conditions in the statement were unimportant In their effect on the totals. Loans fell off J539.SUU.

and deposits, by reason of the decrease in cash, contracted J1.W2.400. The decrease

of 21,544,400 in reserve brought the excess over legal requirements to 16.54.200. the lowest figure reported since Oct. is last. The statement, considered generally, must be regarded as unfavorable. Still, a year

ago the surplus reserve was only a little

more than $1,000.000 above the present total.

ana witnin five weeks it had risen above $26,000,000. The prevailing high rates for money probably will have an early Influ

ence in attracting money from the interior."

PRIVATE IVinE ADVICES.

Mr,

Capital and Surplus - - $1,300,000 UNITED STATES DEPOSITORY

Write for my Daily and Weekly Market Letters.

"V--" 'rsts"y jC" """'V v TRACK MARK. "'--?y

l Your orders

in futures and consignments of cash grain solictcd.

Tennessee Coal & Iron... 1,300 59

Union Pas & Paper Co

Union l?ag & I. Co. pf.. United States Leather.... United States Leather pf United States Rubber United States Rubber pf. United States Steel United States Steel pref. Western Union

... 10.901 129 12S 129

700 12 12

900 100 5.700 2.900 400

16 56 35 S5 RS;

16 54 33 84 87

584

12 76 12 8S 14 55 33 87

Total sales for the day.. .370,500

New York Quotation on Bonds. United States refunding: twos, registered 108 United States refunding twos, coupon 108

United States threes, registered 107

United States threes, coupon United State new fours, registered 133

United States new fours, coupon 135

United States old fours, registered 109 United States old fours, coupon...... ....110 United States fives, registered 1"3

United States fives, coupon 103

Atcnison general iours iui Atchison adjustment fours fl Daltimore & Ohio fours ....102

Ualtlmore & Ohio three-and-a-halfs 94 Baltimore & Ohio conv. fours 104

Canada Southern seconds 104 Central of Georgia fives 10C

central or ueorxia nrst :nc 04 Chesapeake A Ohio four-and-a-halfs 103

Chicago & Alton tnre-anoa-naiis w Chicago, D. & Qulncy new fours 96

Chicago. M. & St. iTtul ren. fours 113

Chlcaco & Northwestern consol sevens 133

Chicago. Rock Island & Pacific fours 1084

C. C. C. & St. Louis gen. fours 9S

Chlcaco Terminal fours 6

Colorado & Southern fours SJ4 , Consolidated Tobacco fours 65

Denver & Rio Grande fours 101

Erie rrlor lien fours 99

Jlig Itnllway EarninK Iteportcd Hare

Good Effect on Prices. Meyer & Klser's WIre.l

NEW YORK, Dec. 27. The feature among

the railways to-day was the heavy buying

on large transactions in Rock Island. The

company issued its November statement

and also one for five months up to Nov.

30, both of which were magnificent exhibits.

The net income for five months is at the

rate of about $21,000,000 for the year, indi

cating a surplus of about 110,000,000 and after all fixed charges shows about 124 per

cent, earned on the new common stock.

The advance of points on the common

to-day was held up to the close. Atchison,

Wabash and Wisconsin Central Issued

their November statements and all show

gratifying results. The feature of strength among the industrials was Amale-amated

Copper, which on enormous transactions

advanced 3V points on buying by Standard

Uli Interests. There was a report which

emanated from Uoston that a board of arbi

tration, to be composed of mining engineers

and experts, has been agreed upon by the Amalgamated Company and the Helnzes to

consider all matters of dispute between these two interests, which was positively denied in official circles, and also general

denials or the disputes having been ar

ranged in any way, but the tape tells the tale, and the buying proves conclusively that adjustment of differences is near at

hand. The bank statement was not as fa

vorable as expected, but was not at all an

Influencing factor In the market.

commission )

rri m n mn er 9 1

kyj izttiM sra iJ a

Grain, Seeds c Provisions 231-235 Rlatto D!d& CHICAGO.

My dally and weekly market letters art publishes1 in f 11 la tee Cfalcar Eveafar Past. AUs the

UnCagS tTtalBf Jerrtuu. nm sens cuuer paper (raus 10 snjra umui is m mai tu

vfrr.

fO)

1 v n

V. J. Holliday Co.

BOLTS, TURNBUCKLES HEAVY HARDWARE

YEAR IN THE GRAIN PITS

OPERATIONS AT CHICAGO REVIEWED

BY GEORGE II. PHILLIPS.

Erie general fours

Fort Worth & Denver Citr first 110

movement of prices, but no very severe Hocklnjr valley four-and-a-haifa 109 sellimr nressure develoDed and the buying Louisville & Nashville unified fours lfll

Batter, Cheese and Esss.

NEW YORK, Dec 27. Butter Receipts. 5.267 Tiackares. Stat rtairv. 2042ß? extra, creamerv.

Oats ruled steady, with only a light trade, 2Sc: held creamery. 21026c: creamery, common

and there was little change In prices. The to choice, 21 274c Cheese Receipts, 7.811 pack-

cash situation was again a bull factor and ses. The market was Arm. btate fun cream, traders were largely on the bull side. May SVhiu7, f I u ' make' iVc lat S closed unchanged at 34c. after ranging .be- aSu n&.. Mc;ta& hört lines. The weather was a weaken- make 13130; law white, fall, make, 14c; late tween 23?ic and 2lic. Receipts were 12 make, I3uc. Kgga Receipt. 3.3i6 packages. Cars. The market was firm. State and Pennsylvania Provisions were stronger at the opening, average best. 2Sc; Western fancy grades, 26c;

Influenced bv a llsht run of hogs and western poor to prime, zvac; reingeraiea.

higher prices at the yards. Fackers were . not as active buyers as they had been for

1S4V21C.

PHILADELPHIA. Dec. 27. Butter scarce -fcnd

several davs and with no outslae support "ruj vrruicrjr, hI ..T nnri nnrt nf the earlv bv prints. Sic. Eggs firm and in good demand; the market s-SRed and part of the ' early h near.b 28c f n We8tern, 28c; fresh gain was lost. Trading on the whole was southwestern. 26&27c; fresh Southern. 23c. light and the close was steady. May pork cheese quiet but firm; New York full creams, being 2ftc lower at $16.43, with lard 2Hl?5c prime small, 1314c; New York full creams, higher at $3.65 and ribs unchanged at $8.67. fair to good small. 13134c; New York full Kstimated receipts for Monday: Wheat, 50 creams, prime larue. 13c; New York full cars; corn, 2) cars; oats. 135 cars; hogs, creams, fair to good large. 133134c

26.000 head. Leading futures ranged as follows:

Articles. Open

ing.

74 77-77 744-7 45

Highest.

71 45 4i 434

Lowest. 74 77 74

Closing.

454 44 43-43

73 77 74 45 45 434

Wheat-

Dec Iay July CornDec Jan

May 43V434

OatsDec......... 32 May 33 Pork Deo .$17.r0 May 16. LardDec 10.40 Jan 9.97 May .74 nibs Jan 8.53 May 8.724

Cash quotations were as follows: Flour quiet. Wheat No. 2 spring. 73tf73c; No. 2. 6373c; -No. 2 red. 74 375c. Cora No. 2. 4:.tf464c; No. 2 yellow. 47c Oats No. 2. 32c; No. 3 white. 324 Ä33c. No. 2 rye. 43c Barley Oood feeding, W 4jtfc; fair to choice malUcg. 43Si3c. Flaxseed I.y. 1, $L1: No. 1 Northwestern. $1.24. Prime tlmotty seed, $3.73. Clover Contract grade, $10.83. Mess pork, per brl, $17. Lard, per loo Iba. $10.33(310.40. Short lib sides (loose), $3.509 .75. Dry-salted shoulders (boxed). $.2".(i8.50. Short clear sides Ooxed). $3.S74fcf- Whisky . Basis of hlirh wines. $1.31.

Receipts Flour, 21.300 brls; wheat, 157.500 du;

32 22 32 4 34 33 34 $17.30 $17.20 $17.20 16.60 18.43 16.43 10.424 10.33 10.42 9.974 9.93 9.93 9.60 9.524 8.574 8.52 .52H 8.724 8-67

BALTIMORE. Dec. 27. Butter firm and un

changed; fancy Imitation. 22&23c; fancy creamery, 30331c: fancy Imitation. 22fr23c; fancy creamery. 3031c; fancy ladle, 2u22c; fancy roll, 191r22c; good roll, 17f?18c; store packed. 16 18c Effs firm and unchanged; fresh. 26'ff27c. Cheese firm; large, 130110; medium, 13&14c; small, 143144c CHICAGO, Dec. 27. On the Produce Exchange to-day the butter market was quiet; creamery. 183274c; dairy, 17323c. Eggs steady at 23c, loss off. cases returned. Cheeee firm at 13313c KANSAS CITY, Dec. 27. Eags firm: fresh Missouri and Kansas, 21Q214C eases returned, loss oft;-new No. 2 white wooden cases, 22c ST. LOUIS, Dec. 27. Butter steady; creamery, 23330c; dairy, lS322c Eggs steady at 22c. loss off. CINCINNATI, Dec. 27. Eggs steady at 21 23c. Butter firm. Cheese Bteady; Ohio flat. 124c. LOUISVILLE, Dec. 27. Butter Common and medium, ISc per lb; good, 20c. Eggs, 21c. BOSTON. Dec 27. Special. Eggs weak at 23c

Oils. NEW YORK. Dec. 27. Petroleum firm; refined New York, 8.20c; Philadelphia and Baltimore, 8.13c; Philadelphia and Baltimore In bulk, 3.60c. Rosin steady; strained common to good. $l.S3 1 90. Spirits of turpentine steady at 55G534C. SAVANNAH. Dec. 27. Turpentine firm at 52e. Rosin firm; A. B. C. D. $1.43; E. $1.50; F. $1.33;

O. $1.70; II, $2; I. JZ.3-; K. J2.8-; M, J3.35; N,

jrccil'i r ivur, i.ow une, nnri, ,' I i.jAm , ,,, -Kl)- water whit tl ?rt corn. 2S3S00 bu; oats. 217.6) bu; rye, 36.000 bu; $3.55; window glass, i-.mj, water wnite. ji.zo.

barley, 71.300 bu. Shipments Flour. 10.2OO brls; wheat. 14.0"0 bu; corn, 103,700 bu; oats, 59.100 bu;

rye. LlOO bu; barley. 24.100 bu. Break Is Expected. George II. Thllllps's Market Letter. CHICAGO, Dec. 27. I am inclined to

think from here there will be a setback In the wheat market. I had hoped the market would get out of this rut and work well up towards or over 80c, but without more outside trade It will not be likely to do so. I think those who are long on wheat now had better take their profits or sell out and wait for some decline to replace. Corn was fairly strong yesterday without anything in the situation to warrant it. unless It Is the strength In oats and provisions. It is becoming very popular to buy May oats; tvery one has the tip that they are going over 3Sc Things are working nicely for a quick break and I would rather wait for it before buying. The provision market continued Its advance. The tip Is being freely circulated that pork, lard and ribs are going higher, but I think it would be good speculation to wait for a break after we have had an advance of about $1 per barrel In pork before buying. AT XEW YORK.

to cover by shorts has been sufficient to

afford support to prices. The strength of a number of stocks in individual cases also had a sympathetic effect in keeping up prices elsewhere. The tightness of the money market and the consideration of the heavy year-end requirements to be met have induced some caution to the trading and a disposition to maintain a waiting attitude. Actual business has been small and future prospects rather than present conditions have formed the subject matter of discussion. Of the existing conditions several of a somewhat unfavorable character had to be contended with besides the tightening of the money-market. Of these the most influential was the showing made by the Vanderbilt railroads In the matter of net earnings. The large increase in operating expenses disclosed by such representative systems as the New York Central and the Lake Shore, and the consequent decrease in the net return were pondered for their significance, reflecting as they do a tendency quite general throughout the railroad world.

The week has seen several announcements of additional advances in wages of railroad

workers and the current discussion of the subject shows this also Is a general tendency in the railroad world. Co-ordinate with this Increase In expenses goes the consideration of the coming Increase in railroad freight rates, which also may fairly be called universal from the scope which it has also assumed. Conjecture is at fault in trying to decide what Is to be the net result of these wide-reaching changes on the rate of return to stockholders In railroads. The action of the Canada Southern directors in reverting to the 1 per cent, semi-annual dividend rate after having: disbursed 14 per cent, for the 'preceding half year was not encouraging to the holders of coming dividend increases. The passing of the dividend on St. Joseph Sc Grand Island first preferred had a similar Influence. The confidence engendered by the formation of the $50,000,000 bankers pool to meet a possible emergency has not been seriously disturbed. Hates for time loans have not followed the call loan market, and have been appreciably easier. Except for some demand for cable transfers to London to help out the year-end showing of London banks In the reserve Item, there has not been a notable demand for remittance abroad. The suggestion has come from Berlin that large foreign bankers were co-operating with the pool of New York bankers In tiding over the New York money market by refraining from further withdrawals of loans from here at this time. It is believed that this demand on New York has been simply deferred. The future of the foreign exchange market is studied with great attention. Large hopes are pinned to the outward movement of

corn and cotton to supply means of llqul

Mexican Central fours 78

Mexican Central first lnc 23

Minn. & St. Louis fours 102 Missouri, Kansas & Texas fours 974

Missouri. Kansas & Texas seconds i3

New York Central firsts 102

New York Central sren. three-and-a-halfs. ..104

New Jersey Central general fives 135 Northern Pacific fours 103

Northern Pacific threes 72 Norfolk & Western consol fours 99

Readinz general fours 97

St. Louis & Iron Mountain consol fives 113

St. Louts tk San Francisco fours 97 St. Louis Southwestern firsts 95

St. Louis Southwestern seconds 83 San Antonio & Aransas Pass fours 4

Southern Pacific fours ,. 90

Southern Railway fives 120 Texas & Pacific firsts 116

Toledo, St. L. & Western fours 754 Union Pacific fours 104

Union Pacific conv. fours 106

Wabash firsts 116

Wabash seconds 108

Wabash deb. B 76

West Shore fours 112

Wheeling & Lake Erie fours 91 Wisconsin Central fours 93

Offered. Chicago Stocks. Granger Farwell & Co.'s Telegram.

Open- High- Low- Clos

ing, est. est. ing.

8 53 104 47 45

Market Stronger in Spots. Granger Farwell & Co.'s Telegram.

NEW YORK. Dec. 27. The market closed

strong under manipulation. Tips are being

given out on different stocks, and it looks

as If pools behind the different Issues would

put their specialties higher. The market shows Its strength in spots, but It is

thought that the general market will be in

fluenced by this strength.

The Game Laws.

To the Editor of the Indianapolis Journal:

F. M. Black, M. D., of Peru, had better

read the game laws of his State before

making any more "breaks" like his com

munication to the Journal of Dec. 22. It is

unlawful to hunt In this State on the lands of another without first having the owner's

written permission, and the law provides

heavy penalties for violaters of this sec

tion. It further provides that from Oct.

1 to Nov. 10 no hunting shall be allowed without a permit from the game warden or his deputies, and this permit extends only

to ducks and squirrels; and this written

permit must be obtained from the farmer

as well. The farmers of Indiana have all the protection the laws can throw around them. If he so desires he can bur hunters

from his land, not for five years, but for

all time. His written consent must be ob-

Caniei That Led to Formation of Cor-

ners Present Conditions and Prospects for the Future.

CHICAGO, Dec. 27. George II. Thilllps,

In his weekly market letter, says: "The

year 1902 will go on record as the most re

markable in many respects ever experienced on the Chicago Board of Trade.

Corners were brewing and developed in

every active trading month and in every cereal dealt in. This may be attributed to

several reasons. In the first place con

ditions, from a supply and demand stand

point, warranted the successful coup by Patten in May oats, and the fact that the

maneuvers had extended over a period fully

six months previous, made the outcome deservedly popular, and 6howed that It was based on good judgment. A short crop of

corn and very high prices for meats warranted a high price for corn, and was the foundation for the sensational advance In

July corn to SO cents, -which culminated.

however, unexpectedly for only one reason, the mistake of allowing the market to advance too much too early in the month. To

the weather and nothing else can be attributed the remarkable and successful ending of the corner in July oats and September wheat, but It is difficult to give a rea

son for the collapse in December corn, un

less It be that the powers that are were arrayed against the manipulators. Pos-

THE WONDER OF THE AGE

The "Omega" Odorless Gas Stove Marks a revoluton In gas heating aul household sanitation. Perfect combustion is secured by the generation of Intens heat and the thorough mixing progressively of the gas supply with air. by which it Is possible to use at least forty-five cubic feet of air to every cuLic foot of gas. Its operation combines three important and indespensable factors economy In fueL perfect combustion, sterilization. In the "OMEGA" they are the result of mechanical combinations produced as the result of extensive scientific research. On exhibition and 'for sale by The Indianapolis Gas Company 49 South Pennsylvania Street

STOCKS

United Box Foard 7

United Box Hoard pref.... 53

American Can 10

American Can pref 46 National Elscult 4S National Biscuit pref 102

talned by any and all who desire to hunt sibly as good an excuse as any is to say.

53 10 46 43

47 45

102

MONETARY.

Rates on Loans and ExchangeClear-

Inffs and Balances.

INDIANAPOLIS. Commercial paper, 4S6

per cent.: time loans, bys per cent. Clear ings, $1,871.149.04; balances, $224,872.19.

NEW YORK. Call money steady: all

loans at 6 per cent.; time money quiet; CO and 90 days, 6 per cent.; six months, 5V4 per

cent.: prime mercantile paper, 6 per cent.

Sterling exchange easy; actual business in

bankers' bills, $4.86.64.86.875 for demand.

$4.834.83.25 for 60 days; posted rates, $4.84

and ILhtW. commercial bills, $4.824U4.83,

Clearings, $226,482,968; balances, $10,282,185.

CHICAGO. New York exchange. 15c rre

mlum. Sterling exchange, $4.84 for 60 days, 4.87V4 for demand. Clearings. $20,425,471;

balances, $2,321,490.

BOSTON. Clearings, $22,347,7S3; balances.

$1.983,791.

rTTTTADELPHIA. Money. 6 Der cent-

Clearings, $32,260,438; balances, $4,492,740.

over his farm. Can any reasonable man

ask more? The killing of stock by hunters Is greatly magnified. I have been a farmer

for over forty years, and a hunter also,

and I know what I am writing about, having hunted over this part of Grant county

every season for nearly half a century,

and never have been able to locate a single

domestic animal killed by hunters. I don't

it is the usual result of trying to corner the

tail end of a short crop, especially irom

an already high price, but if the same at

tempt had been made by any one or tne local elevator crowd the outcome might have been different, for in that event, Instead of . endeavoring to make contract corn by kiln dryers and otherwise, every effort including the grading-end of it would have been precisely the opposite. "Corners, as a rule, are not popular, and

do not help the trade any, and it is to be

say there has never been such a case, but hoped tne COT?nz :ear befe om

I do not think It necessary. However, to

I never knew of one.

Many farmers are friendly to decent

sportsmen and are satisfied with the present game laws. A close season will fall of

its ooject irom natural causes. Ten days of extreme cold, with deep snow, will kill

even Intimate such a possibility in wheat.

as It Is a long time since legitimate conditions were so strong as exist right now. Many times during the past twenty-live

years wheat has sold at $1 and above when

more quails than all the guns in ten vears. I

-m . s . " ro 9 it? ott rkrcosn r m art 0 m a -t issi w a t r nu

Aiore oirus were iosi in tne close season of 1902 than for many years. The month of January did the mischief, and there are practically no quails this season. Very few are being killed by the sportsmen of Marlon and vicinity. Next year will tee plenty of the merry Robert whites, and the falr-

minaea xarmers ana sportsmen of Indiana will see that no "dog in the manger" policy prevails. A fine state of affairs, indeed, if a man cannot be allowed to use his own

Judgment and pleasure in saying who shall

or snan not nunt over nis land

as it is at present. One may look at the situation from any point of view, supply and demand, comparative value with other foodstuffs or with other years, financial condition of the people the world over, etc..

and there Is not one argument that can be brought forth In favor of a decline from the present level, unless it' be the fact that the opinion Is too general wheat will advance, and on that account it is almost Impossible to create a short interest large enough to cause more than a temporary advance. In speculative circles it is well

ST. LOUIS.-Money steady at 536 per can have his "day in court" any and everv known that wfcen there Is to much unan" ?nt. New York exchange, 40c premium, year. His neighbor White asks the same IrnIty of Pln,on' or to much company on

cent.

Clearings, $5.097,635; balances, $1,221,930.

uawwiB um vr.s un6iiUu8. v nur ior- i mKs. $3.625.008; balances, $658.640.

Corn Strong on a December Squeeie Wheat Qalet and Steady. NEW YORK, Dec. 27. Flour Receipts, ,323 brls; exports, 17,002 brls; steady without change. Winter patents, $3.6003.90; winter straights, $3.4303.55; Minnesota patents, $434.20; winter extras, $2.85 3.15;- Minnesota bakers, $3.2553.40; winter low grades. $2.63ft2.S5. Rye flour dull; fair to gocd. $3.1083.40: choice to fancy, $3.50 2 60 Buckwheat flour steady at $2.3012.35; spot and to arrive. Corn meal steady; yellow Western, $1.20; city. $1.1?: Brandywine, $3.4003.55. Rye quiet; No. 2 Western. tDc f o. b. afloat; State, StfjaCHc c. I. f. New York. Barley steady: feeding. 39h.40c c. L f. Buffalo; malting, 4.tf'J0c c i. f. Buf'Wheat Receipts. 9G.S23 bu; exports, C.000 bu; spot firm; No. 2 red. Mc elevator, 80c f. o. b. afloat; No. 1 Northern, Duluth, S7Uc f. -s b afloat; No. 1 hard. Manitoba, S7c f. o.

OIL CITY. Dec 27. Credit balances, $1.51: cer

tificates, no sale. Shipments, lX),ltl brls; average. 94.1)41 brls; runs, 21.200 brls; average, 76,519 brls. WILMINGTON. Dee. 27. Fplrlts turpentine firm at 14c. Rosin. $1.351.4-). Crude turpentine firm at $1.73 to $3. Tar firm at $1.60.

MONTPELIEIt, Dec. 27. Crude petroleum strong: North Lima. L12; South Lima and In

diana, $1.07. CHARLESTON, Dec. 27. Turpentine and rosin unchanged. Poultry. NEW YORK. Dec. 27. Poultry Live nominal and unwanted. Dressed irregular; Western chickens. 12'i:S4c; Western fowls. 12c; Western turkeys, 174"&1ST. LOUIS5, Dec. 27. Poultry steady; chickens. 84c: springs, 84c; turkeys, llc; ducks, 12c; seete. Sc. BOSTON, Dec. 27. Special. Poultry easy; fowl. 13c; cprlng. UQ lc: turkeys, 2021c. LOUISVILLE. Dec. 27. Hens.. 8c per lb; spring chickens, 9iflCc; turkeys, lltflic CHICAGO. Dec. 27. Dressed poultry firm; turkeys. 13017c: chickens, 8011c. CINCINNATI. Dec. 27. Poultry easy; hens and srrlngs. 84c: turkeys. I2c. Sletals. xBff YORK. Dec. 27. The metal market to-

day was quiet and more or lea nominal but steady, as there 1 no pressure to e-ll. Copper dull and unchanged at $11 for standard. $U.7i for

lake and $11.6-4 ior eieriroiyuc. ana casting

il. Tin nrm u .g.-).. L.eaa quiet at

Iron quiet, noml-

$4.124. Srelter weak at $4.75.

nal and unchanreu. i ST. LOUIS. Dvr. 27. Metils quiet. Lead steady at $J.t5ö3.974. Spelter dull at $4.4501.50.

Dry Ciooda. NEW YORK, Dec. 27. In dry goods to-day there was ro change In the character of the home demand !n any department. General business was qul-t. but prcea were firm. There is continued buying for export In heavy brown

cottons. Cotton yarns in rair aemand, with a firmer tendency. Worsted yarns firm. Woolen yarns teady. Limrn yarns steady. Juta yarns :lrm. 'Wool. ST. LOUIS. Dec. 27. Wool steady to firm; medium grades and combin. 17'T204c; light, lc; htavy fine. Utflic; tub-wash-d, Wrjc. NEW YOKK, Dec 27. V'ool Ürm; dcaaeitic fletct. 25330.

elgn money markets are always quick to respond to the disbursements which come

with the turn or tne year, it is recalled that various government loans have been awaiting this easier condition of money markets. Including a Transvaal, a German

and a French loan, which are expected to call for an aggregate of perhaps $50,000,000. In the existing state of the foreien ex

changes our market- can scarcely fail to

De arrectea Dy tne conditions in foreign money markets. Helpful factors in the

market have been the very large anthracite

traffic reported oy tne coalers, the prospective benefit to the sugar reflnlnsr industrv

of the Cuban reciprocity treaty, rumors of a settlement ot controversies between the dominating interests in the copper industries and assertions of control secured by

j-ennsyivama oi xteaamg and of Brooklyn Transit.

There has been some good buying of

oonos, wnicn is aitriouteu to Investment

demand irom capitalists wno are antlclpat lng the distribution of January Droflts.

Following are Saturday's share sales and

the recorded price cnanges

CINCINNATI. Money, 6 per cent. New

York exchange, Lc discount. Clearings,

$2,243,450.

Money Rates Abroad.

LONDON. Money. 4 per cent.; discounts.

4fr4 4. Consols, iwayo l-iü.

PARIS. Three per cent, rentes. 90f 50c

privilege. Tax the gun, tax the dog they do. Tax the sportsmen and we will not kick. The enforcement of existing laws will rid us of pot-hunters and song-bird shooters. The most sweeping measures could do no more, and without riM

m a. --1 . . . . evi til- I i .Qri rt knv nalt T

lorcemem mis element would continue to I " annoy us, and. the law-abiding hunter ?uote. to create the impression that

one side, the outcome is often Just the opposite from what It appears it should be. To use the recent expression of one of our local successful traders, "the only way to make a dollar in wheat is to go dead against the whole crowd; sell It when

aione would suuer. The foremost men of the State are sports

men, ior wnicn we are very thankful. Our chief executive, our attorney eencmi ani

many other prominent men are lovers of

for the account. Exchange on London, 25r the gun and dog. Scores and senrp nf

v , I m VÄ

iarmers are Keen sportsmen and anew

also. The old idea that only loafers and ne'er-do-wells hunt and fish is rapidly giving way before a more liberal construction

15c for checks.

BERLIN. Exchange on London. 20m 44pf

for checks. Discount rates: Short bills, 3

per cent.; three months, 3.

Markets for Silver.

NEW YORK. Bar silver, 4Sc; Mexican

dollars, 3bc.

LONDON. Silver bars, 22 3-16d an ounce.

I am losing faith on the bull side of wheat.

nor is there anything in sight now to warrant one predicting the usual January break, but the market acts tired, and I am tired hoping for the advance we ought to have. For almost sixty days we have had no end of bull news, and at the close of the market yesterday May wheat was only 77!4 cents, while on Nov. 20 It sold at TTTs cents. I believe It should sell at

of what is the chief end and aim in this cents De rore tne nrst or May. At that "vale of tears." Mv father wn- a h..!". price the consumption of wheat would not

because he had to hunt: I have followed 56 curtailed one bushel and this country in his footsteps because I like to I am would eaP immense benefit from the in-

still young, though old in vears. tv am

is fair on bird or blue rock, and I can tramp from early morn till night. Please, gentlemen of the Black stripe, keep hands off:

luvsit an juui u tv n uusiness, dui let mine

100

1.400 kOt) 30)

47H 71

RAILROADS

Atchison Atchison pret Haltlraore & Ohio Baltimore & Ohio nref...

Canadian Pacific 8.300 112

Canada Southern Chesapeake & Ohio Chicago & Alton Chlcaro' & Alton pref.... Chicago, lnd. & Louisville

Chic, lnl. ä iuis pret Chi. A. Katern Illinois Chicago Ac Great Western 2.600

Chi. Jt Great west, a pr. Chi. & Great West. It pf. Chicago Northwestern .. Chi. Terminal &. Trans.. Chi. Term. & Trans, pf. C. C. C. & St. L Colorado Southern Colorado Southern 1st pf Colorado Southern 2i pf lvelaware & Huston rtel.. Lack. & Western..

Denver & Rio Grande

High- Low- Oos

bales, est. est. bid.

1.300 100 MOO M4

Specie and Merchandise Movement.

NEW YORK.-Imports of merchandise fi0"!' L.1 "r 'a.rras 5 the mit; it

and dry goods at the port of New York for

the week were valued at $14.149,573.

Exports of specie to all countries were

t34 M4 994 10J4 iS 88V

S3 131 132

73 724

$8.311 in silver and $15.00 in gold.

Imports of specie were $29.20S in silver and

$208.810 in gold.

is your right; but to interfere with mine

is nui. iveau me game laws Defore you rush into print; be fair and honest with

ine tjporsmen anu yourseir.

- W. F. JONES.

juarion, inu.( uec. .o.

47 33

24 24?,

8i0 334 300 217' 200 32! 400 274 30 4 IT, 00 167

Denver & Rio Grande pf. S Erie S2.400

500 40

Erie lt prer.

Kria 2d pref..

Great Northern pref Hocking Valley Hocking Valley pref Illinois Central Iowa Central Iowa Central pref Kansas City Southern... Kansas City Southern it. Iiks Erie & Western.... Lak Erie A West. pref. lrf.ulsvtlle & Nashville... Manhattan L

ssi. -railway.

474 334 7t)4

74 91 193

254

80 217

174 3:i SS4 274 64

1664

84 3 4

144

3X4 "04 334 U4

.... It X

3.5i 1264 1254 123;

1474 143U 14S4

S.290 140 1314 isjy:

3.2-V)

SOO

364

3S4 217 32T. 274 43 167 40 304 6t4

Treasury Statement. WASHINGTON. Saturday's statement of

the treasury balances shows:

Available cash balances $211.873,971 Gold 120.513.028

WEEKLY BAXK STATE3IEXT.

00 194 19S

V64 9S

1.C40 $74 200 H

1.4S2 14S4 144

200 3S 34 200 70 704 20 224 224 100 44 4

Metropolitan

viAvlc&n Central

i?tran National

Minneapolis & Louis 1.W IOS4 IO64 10114 Missouri Pacific 4.00 10 107 1074

Missouri. Kan. & Texas.. 4 264 2 4 2H

Missouri, ivan. 1 e. .... ur jersej Central.... , .... .... iij

It Is Oat of Harmony with the Recorded Movements of Money. NEW YORK, Dec. 27. The statement of averages of the clearing-house banks for the five days of this week shows the following changes: Loans, decrease $G39.S00 Deposits, increase 401,70) Legal tenders. Increase 1,214.300 Specie, decrease 234.300 Reserve, decrease 2.920.OO Reserve required, decrease 475.600 Surplus, decrease 1.541.402 Ex. U. S. deposits, decrease 1.546,300 The banks now hold $6.549,520 In excess of reserve requirements under the 25 per cent, rule; Ex. United States deposits, $16,536,S00. The Fnancler says: "There is a wide variance between the published figures of the

TIIK COURT RECORD. NEW SUITS.

Joseph A. Miller vs. Josenh E. Harhlsnn

uamagvs. circuit vuun.

Arthur John Joseph Miller, by Josenh A

Miller, next friend, vs. Joseph E. llarblsnn-

damages. Circuit Court.

Ellen Maria Miller, by Joseph A. Miller.

ne lneiiu. va. josepn x. jiaroison: dam

ages, circuit court.

Raymond Miller, by Joseph A. Miller, next

iriena, vs. josepn u. iiarnison:-damaep.

Circuit Court.

Mary E. Sullivan vs. John Sullivan: di-

vorce. t-ircuu court.

Harry C. Tanner vs. Eureka Refri reratnr

Comparo , Injunction and receiver. Superior near 40c. when purchases are more likely Court, KOOra 1. tn h rwardd with nrntlt

creased price; and a material advance in wheat would add several cents to the price

of corn, and might also hold present prices for oats until they were all marketed. It would also mean a very much less effort to keep confidence In present' values for railroad stocks and securities. The exports of wheat might be somewhat less If the price advanced, but foreigners do not take any from this country if they can get it elsewhere, and will take it as freely at a higher as they will at a lower price, but without an increase in the outside speculative trade, and naturally a larger short interest. it may be impossible to bring about the advance that is warranted. "May corn is holding stubbornly between 43c and 44c. Many are predicting 50c or higher before spring. In this opinion, however, I do not concur. My private advices pretty generally say the movement of new corn is limited only by the capacity of the railroads to furnish cars. In all the surplus corn producing States with the exception of Iowa there was a big crop raised and of good quality. This corn will come to market in due time, and while I, too. believe the price will average above that of other bumper crop years, I rather expect to see some decline during the next

month or two which will put May corn to

HIGHER COURTS RECORD. APPELLATE COURT. New Suits.

4SD2. The Reserve Loan Life Insurance

company vs. aiana iiackett. Madison C.

c. iiecoru. Assignment of errors. No

tice.

45D3. The Standard Oil Company of In-

uiana vs. josepn roraicK. Porter S. C.

jtecora. assignment ot errors. Minutes.

4i93. The Farmers' Insurance Association

New York associated banks for the week I of Madison County vs. Jesse F. Reavls t ended on Dec. 21 and the known movements aWWC,

of money covering the past five days' busl- c. Sullivan. Marlon S. C. ADoellantV ad.

neu. According to the oCklai statement ' dUlonal authorities

to be rewarded with profits.

"Stror.g parties are accumulating May oats, much the same class of buying that prevailed the same time a year ago. The additional advantage now over one year ago is. that it means standard or w-hite oats. Up to this year'all contracts called for mixed oats, and this very fact makes the difference in value at least 5c a bushel, and at 10c a bushel under May corn I believe May oats are relatively too cheap, but. at the moment, too many are long, tailing on, as it were, and a quick setback is possible. Sentiment, to a great extent, is ruling the market. As an illustration I wish to call your attention to the value of cash oats now, compared with less than four weeks ago, or from Dec. 1 to Dec 6, when May oats were ranging from 32c to 224c On these days cash No. 4 white oats

averartd from 21c to 22c. No. 3 white trc " Indianapolis Pao.

32c to 33V2C and standard or contract grade 34c to 35c Yesterday, however, Mfth May oats at 34c, cash No. 4 white sold mostly from to 314c, No. 3 white from 314c to 32V2C and standard from Z2ic to 34c, actually a lower price with May oats now 2c per bushel higher. This shows that sentiment only Is ruling the market, and do not forget also that May oats have advanced over 5c per bushel from the bottom. In view of all this I would advise waiting for a break of a cent or two before buying them to hold. Provisions have had a sharp advance and are a very high price, almost as high as a year ago. Predictions are being freely made that pork, lard and ribs will sell much higher, but with an abundance of feed of all kinds, and corn fully 20c a bushel cheaper than a year ago. I can see the possibility, if not the certainty, of a material decline in all products before next spring, and would advise leaning to th bear side of May pork above $16. May lard above $9.50 and May ribs above $8.50." Roth Crnel and Cowardly. To the Editor of the Indianapolis Journal: Of all the propositions as to convict labor, that which suggests that 'convicts be put to making the cheap garments which are now made by unskilled women and children, is the most cruel, and at the same time the most cowardly, except that Its promoters have the courage to confess that the chief argument in its favor is the fact that organized labor will not oppose it because It is anxious to get rid of the competition it offers to the output of union labor. It is crul, first, as to the convicts 'themselves. When the thought cf the State was that the main, if not the whole intent of imprisonment was the punishment of criminals for offenses committed, and the protection of society by confining those whose liberty was a menace and Incidentally, at least, to realize something from their work to help pay prison expenses. Such a proposition might be tolerated, but the thought of to-day is that with all these ends in view to their utmost, there must be an effort at least to reform the convict and in some degree prepare him for making an honest living after he has served his time In the prison. Conceding, reluctantly, that the probability of ever doing thi is very remote, 1 insist that we owe it to those who are honestly trying the experiment, and to whose work several States, Indiana included, have so far contributed as to separate the young from the older, and presumably the m6re hardened criminals, so as to put them in training for a better life, that we put them on such work as may be followed when they return to society. Confessedly, at the best, this is hard, because most of thestj young convicts, as well as nearly all the old, are where they are because they would not work at any calling, and do not Intend to when they get out, because they cannot work at any trade except by the consent of those already in possession of the trade. Only think of a young man beginning life, as it were, at the age of twentyfive or thirty, with a purpose to make an honest living, but he knows nothing except how to sew on the cheap garments which only the very poor wear! If anything would tri vp a vnimir man to dm.

peration it would be Just such a condition

as that. c should at least teach him how to mend shoes, for under the present concession to the demands of organized labor we cannot teach him how to make shoes, or anything else. Rut It is even more cruel to the helpless widows and the poor children who lind a little work in making that class of cheap clothing. So many of these are sometimes crowded into small rooms that are popu

larly called "sweatshops." that the whole business is called sweatshop work, though most of it is done in the humble homes of the very poor. It is a hard life to live, but it is the best these very poor woran can find to do. Why should the State deliberately rob them of that little without finding something else for them to do No one has suggested anything in its stead. The cruelty is all the greater because it Is proposed in the interest of men who would not allow the men part of these poor families to work with them at any profitab.e employment. Rut it is also the personification of cowardice. The reason for this cruel plot Is that organized labor will not object because it is Just what is wants. Rut. after all. It is not much more cruel, though more cowardly, than all other schemes which look after something for convicts to do that will not conflict with the interests of organized labor. The proiosltlon to work convicts on the roads is cruel because the poor men who pick up a Job on the roads are men who have been driven from trades by the tyranny of organized labor, and now it is proposed to drive them from this hard and unprofitable industry by convict labor. It is a little ls coward ly only because these poor men are voters, but they are not organized as voters, so that counts but little more than the crusade against the poor women and children who can find nothing to do but to make cheap garments at starvation wages, it proposes nothlrg else that these displaced poor men may work at. Rut it will bs otherwise some time. The thought of consulting the good of the convict as well .3 the good of society Is on the Increase and some time It will have strength enough to defy the present dictator In the labor titlX