Indianapolis Journal, Volume 54, Number 63, Indianapolis, Marion County, 3 March 1904 — Page 10

TTTE INDIANAPOLIS JOURNAL, THUBSDAT, MARCH 3, 1001. TO

Time and Money Fly WITH ALL OF US.

Car. and p?t one of our Banks before jour money takes win? unto iUelf. J! 00 starts an account and compound Interest makes It grow. THE CENTRAL TRUST CO. I50-1S4- EmI Marhet St. PORTERFIELD & CO. Bankers and Commission Brokers CHICAGO, ILL. We buy and sell brokn lots; carry Craln and Stocks on reasonable margins. Write for our Dally Market Letter end keep posted. Indianapolis Office, 207-8 Stevenson Bldg. Old Phon Main 834. New Phone 1884 Have for Sale Union Traction of Indiana 5 per cent, preferred stock NOT TAXABLE Dividends Guaranteed This stock will net the investor 6 per cent, and I regird it the most inviting proposition In the local market. A. W. THOMSON Stock, Bond and Grain Broker 4 and 5 Ingalls Block. Both Phones No. 34 Private Hires to a!I Markets The Leading Trust Co. of Indiana The Union Trust Co. 118-120 E. Market St. Capital, - - $600,000 Surplus, - . $300,000 Executes Mil Manner of Trusts J OFFER Indianapolis Street R way NON-TAXABLE Guaranteed StocK Belt R. R. Preferred Stock NEWTON TODD Fl ETCHER BANK BUILDING SURETY BONDS for All Positions of Trust. Guaranteed Draft Checks for the Traveler. GEO. W. PAXCBORN 711-718 Lemcke Building. SAFE DEPOSITS. S. A. FLETCHER & CO.S Fatfe Deposit Veitxlt 30T4 En at Washington Street. Absolut safety sgalnst fire and burglar. Policemen day and night on guard Designed for safe keeping of Money, Bon K Wills. Deeds. Abatrarti. Silver Plate. Jewels and valuable Trunks, Packages, etc. Contains 2.100 boxes. Rent to Ki.' Per Year. WILLIAM A. HUGHES - - Manager THERE ARE NO SAFER INVESTMENTS for your mont y than the farm and city mnru ige that we hve for sale. In 21 year we have sold ovtr eighteen blllion dollars of these mortgages and have never lost a dollar of Interest or principal and have never foreclosed a mortgage since we have been In business. Phonos. New 1824: Old black U: . .. wil l i is & to. Bankers. No. 10 East Market St.. Indianapolis We allow three per cent, on deposits. LOCAL WHOLESALE TRADE. Poultry und Other Produce. (Prices Paid by Shippers.) Cheese -Wisconsin. 13c New York full creams. He; Swlo, 16c; hrtck. 14c; llmhurger. 12c. Poult r. Hens. 3c; ata. Sc; cocks. 6c; capons. 12c; young ducks. 9c. spring.. 104910Sc; geese! fc per lb. Mutter Choice roll. 12c; Elgin creamery, 28c; State. 24.' Egge Iower at 15c. Wool Ixxral dealers are paying for wagon lota: Good medium nie. chantabie unwashed. 17c; coarse and braid. 15c; heavy merino. 101 2c' half-hloxl. 2ti 14c; burry and cotted, 12011c" Western. 12c Feathers Prime geese. 30c per lb; prime duck. 20c per lb. Beeswax 30c for yellow, 25c for dark. HIDES AND TALLOW Green-salted Hides No. 1. 7c. No. 2, 6icHo. 1 calf. 10c; No. 2 calf. 9c. ' THE JOBBING Til ADA (The quotations given hlow are the selling prlcss of the wholesale dealers.) Candles. !'nt. Figs. Candies Capital s;ick randy (hrla). 6c per lb; common inixeil. 5c; grocers' mfxed. 5'Tc; Iianner twist stick. :',2V; Banner cream mixed. 9c; Derby natesd. T'jc Nuts Soft-shelled almonds. 15c; Bmzil nuts. Me; Alberta. 11c; peanuts, roasted. 7Sc. mixed nuts. 13c. Figs New Smyrna, 12c per lb. Drugs. AVoho 2 i af r 4c; camphor. 9Sc4J$1: cochin 5Stj5e , coapsraa, bri. v"h $21 JV; Indigo. 654i.nf UcÖf S540c; magnesia, carb . 2 oi P W . o r o lb. $3; opium. $3 qu OS.. 91jjac; balsam copaiba tile. Ft., lHfl-. s'a. blcsr Snna, l4c. sulphur flour. 010c: turpentine. TlT7c; gl d1de potassium. $2 C i2 50: h am tartar, pure. Calah.. genuine. 30922c; morphine. -il liergamot. per ie. P. A W , per itKOc ; soap. Cas2fiäc; aalta. ll -saltpeter. ' nn. 16',20c; lolide potHSslum. 45 borax. 9S$l2c; Id. 27c. cocaine, aaur . oul nxnl ( oLe. (Retall Pricss.) (all aizea) Half ton Tr $7 Am h la 3 15 2 9 00 I 5.) .' : . t : 4 7", 4 75 4 I 4 : i 4 : " 7. 4 Si 5 00 3 3 W0 IWoeahurg Jackson Ohio) Kanawha - 2 50 2 . 5.1 2.4U I M 1 -Vi VaMey 1 Sullivan lump snd nut)... Ljhr'r, Brazil Green i lark. alack. YVci N'ligima l.5

1 slack. Indiana ... Connellsville coke

1.40 2 50 3. SO r.M S 90 7.50 12 hu. 25 bu. Oven coke Lump coke. 12c per bu 12 00 $3 0 Crushed coke, l.lc per bu 2.1 3.23 liars. 25c per ton extra, ground floor or dumped In cellar; 50c per ton extra, second floor or carried In cellar. From wagon. 2'e per ton extra, by wheelbarrow, chute or basket. Dry iools. Bleached Sheetings Androscoggin L. Sc; Berkeley. No. 0. 94c. Cabot. 74c: Capitol. 74c: Cumberland, s4c; Dwlght Anchor. 94c; Fruit of I tne ixm. sc; Farwell. 8c; rltchviiie. 74c: Full Width. Sc; (jilt Edge. 6c; Glided Age. 6c; Hill, lC; Hope. 7c, Llnwood, $4e; Lonsdale, Sc; Peabody. S4c; Pepperell, 9-4. 24c; Pepperell. 10-4. J6c; Androscoggin. 9-4. 25c; Androscoggin. 10-4. 27c. Brown Sheetings Atlantic A. 9c; Argyle. 7c; Boot C 4o; Buck's Head, ac; Carlisle. 40-Inch, 74c; Dwlght Star. 8c; Great Falls. E. 6c; Great Falls. J.. 6c; Hill Fine. c; Indian Had. 9c: Pepperell R. 4c Pepperell. 10-4. 24c; Androscoggin. 9-4. 23c; Andi oacoggln, 10-4. 25c. Prints Allen dress styles. 5c; Allen TR, 54c; I Allen rolea. 5c; American Indigo. 54; Amo!d. I long cloth B. 9c; Arnold LLC. 8c; Coeheeo fancy, ic: Hamilton fancy, 5c; Merrimac pinka and purples. 54c; Pcclflc fancy, 5c; Simpson's I mournings, 54c. Simpsons Berlin solids. 5e; Simpsons on nnis., ,-, AoMrleaa shirting, ie; black white. 54c grays. 54e. Kid finished 'ambries Rd wards, 44c; Warren. 4Vc; Slater. 4c; Genesee. 44e. Tickings An.oskeag A'A. If; Conestoga BF. K,i,c; Crdls 140. 14c; Cordis T. 14c; Cordis ACE. 14c; Hamilton awnings, lle; Klmona fancy. 17c; Lenox fancy. 30c; Lenox XX. 20c; Oakland AF. 74c; Portsmouth. 14c; Susquehanna. 15 V Shetucket 8W. c; Shetucket F. 8c; Swift River. .c Grain Bags Amoskeag $20; American. $20 Harmony. $18; Stark. $21. Ginghams Amoskeag. 04c; Amoskeag .Iress. 74c; Lancaster. 64c, Lancaster dress. 74c; Toil du Nord. 84c. Floor. Spring; patent. W per brl ; winter wheat patent, in brl. $5.60; straight grade. $."..10; n brl. low grade. $4; extra fancy, in brl. $T,; buckwheat Hour. $6.10 per brl; graham. $5.50 per brl. Groceries. Coffee Good. 8 12c; prime. 12fJ14c; strictly prime. It ft 16c; fancy gieen and yeilow. 18013c; Java. 28"a32c. Roasted Old Government Java, 32 Vi "..". finest Mocha and Ja a. :'(i.c; Java blend. 23c; fancy blend. 18c; Golden blend. 15c. Package coffee City prices: Ariosa. 11.75c; Lion. 11.75; Jersey. 11.75; Caracas. 11.75; Dutch Java blend. 14.50c; Gates's blended Java. 11.75c; Climax Java blend. 11.75c. Sugar-City prices: Crystal Dominoes. 5-lh cartons. 7Vc; cut loaf. 5.75c; cubes. 5.35c; XXXX powdered. 5.15c; standard powdered. 5. 1; fruit powdered. 4 ic: gran listed, 2-lh package. 5.25c; granuiated. 5-lb package, 5.93c; standard One I granulated, hags or brls. 4.87c; Ridgewood A. brls. 4.72c; Phoenix A. brls. 4 67c; Emrire A. .-'(; ineai ex. C. 4.47c; W indsor ex. C, 4.47c; Ridgewood ex. C. 4.47c; 10 yellow. 4.37c; 16 yellow, 4.17c; New Orleans (dark). 4c. Molasses and Syrups New Orleans molasses, fair to prime. 2StjT32c; choice, 38a42c; syrups, 26 030c. Salt In car lota. 85fr90e: small Iota. 9.V9I1. Spices Pepper. 17c; allspice. 15f?lSc; cloves, 20 622c; cassia. 15lSc; nutmegs. 50d0c per lb. Rice Louisiana. 44u6c; Carolina, 64684c. Shot $1.4t 60 per bag for drop. Lead 6 4c 7c for pressed bars. Wood Dishes No. 1. per 1,000. $1.80r2; No. 2. $2'd2. '.; No. 3. $2 2V&2 .3o; No. 5. $2 80S 3. Twine Hemp. 12ftl8c per lb; wool. 610c; flax. 20rt3oc; paper. 15c: Jute. 12ft T.c: cotton. 22025c. Woodenware No. l tubs, $6-g7: No. 2 tuba. $5 6; No. 3 tuba. $4-35: 3-hoon nails. $1.S0: 2-hoon I pails. $1.4091.60; double washboards, $2.50(91 70: common wasniioarda, si.Ko'ijl.aO; clothespins. 90 65c per box. Iron and Steel. Bar iron. 2.60c; horseshoe bar. 2.75c; nail rod. 7c; plow alab. 4.50c; American cast steel, 3llc; tire ateel. 2c; spring steel. 4Vtft5c. Leather. Oak sole. J2f?t:c; hemlock sole. :sft.?Sc; harne.. .TUf tc, skirting. 2S40c; single strap. 41? 46c; city kip. 60'a"90c; French kip. SV'or 1.W: city calfskin. Ocfi$l. French calfskin. Jl.2iVgl.85. Xalls ami Horseshoes. Steel cut nails. $2.25; wire nails, from store, $2 25 rates: from mill. $2.10 rates. Horseshoes, per kep;. $4 25; mule shoes, per keg. $4.25; horse nall. $4''5 per box. Barb wire, galvanized. $2.75 painted. $2.60. Oils. Linseed, raw. 41c per gal; linseed oil. boiled, 42c per gal; coal oil. legal test, llftl6tyc. Provisions. Sugar-cured Hams Indiana. 14 to 16 lbs average. 13c. Shoulders English cured. Reliable. 18 to 20 lbs average, 8c; sugar-cured. Indiana. 8 to 10 lbs average. 9r. Pickled Pork Indiana bear or jowl, per hrl 200 lbs. $14: rump, per brl. 200 lbs. $16; family, per brl. 20) brls, $16.50; fancy clear bean, per hrl. 200 lbs. $20.50; fancy boneless pi, per brl 200 Iba. $21. Also half brls. 100 brls. at half th I price of the brls, adding 50c to cover additional cosi oi pannage. Lard Kettle rendered, 10c; pure lard. 914c. Bacon Clear bellies. 25 to 30 hs average 10c 18 to 22 Iba average. 10 V; 14 to 16 lbs average.' 11c; clear backs. 20 to J) lhs average. 10c- 12 to 15 lbs average. 10c; 9 to 10 Iba average, lo'vfcc clear sides, about 50 to 60 lbs average. Me; 30 to 40 lbs average. 10c. 20 to 30 Iba average, lie. in dry salt, lVc less. Produce, l mit und Vegetables. Fancy Apples Baldwins, per brl, $3.50; K:ngs $3 .75. Spies. $4; Greenings. $3.50. Bananas Large. $2 ier bunch; medium. $150 Cabbage Holland Seed. $3.50 per 100 Iba. Carrots 75c per bu. Celery California, per crate. $4.25; per doz 80c Cider Per brl. $3 50; half brls, $2.50. Cocoanuts $3.50 per bag. 50c doz. Cranberries Jersey. $2.25 per bu; $6.25 per brlMcFarltn. $7 50 per brl; Howes. $8.50 per brl. ' Dates Walnut. $1 per box; package dates, 60-lb box. 5c per lb. Figs Smyrna, Mi per lb. Grapes California grapes, per crate. $2; Malaga. In 1 Tis, $5. Hickory Nuts Per bu, COc; ahellbarka, per bu. 75c. Honey White clover. 16c per lb. Kraut Per cask. 45 gals. $10; per brl, 30 gals $6.60; half brl. 15 gals. $4. e ' Lemons Extra fancy Messina. 30 size, $3 50 box: 300 size. $4; California. 300 to 360 size, $3. Lettuce 13c per lb. Navy Beans Per hu. $2.15. Old Pop Corn 3c psr lb. .onions Yellow, per cwt. 52.40: red. 12 50. Oranges California Seedlings, $2 per box- Florida. $3; Navels, per box, $2.40. Radishes Per doi, 40c. Shallots Per doz. 75c. Parsnips $1.25 per hu. Pears Per bu. MLA Pineapples Florida, per crate. $2.753. Potatoes Northern stork. 95c 9 $1 per bu. Spanish Onions, $1.75 per crate. Squash Hubbard. 14c per lb. Sweet Potatoes Illinois. $3.50; Kentucky. $3. Turnips 90c per bu; Rutabaga, 75c per bu. Walnuts Native, 50c. Seeds. Seed clover, prime. ::.-di 7" Kngllsh clover. -;:. aisike, $7 Timothy, prime. $17' ii : Fancy Kentucky hluegrass. $1..W1.75; extra clean. 60w70c. Orchard grass. $1.752; red top, 90c$1.75. English bluegrass. $1.50(52. INTERESTING COMPLICATION OVER ERIE STOCK. NSW YORK. March 2 -An interesting complication, which presumably can be settled only by the arbitration committee, has arisen on the Stock Exchange in regard to transactions in Erie first preferred. Payment Feb. 29 of a second semi-annual 2 per cent, dividend on this stock automatically terminated the existence of Wie old voting trust, according to the terms of the agreement, dated Jan. 1. 1S9. under which voting trust certificates were issued. It is nw proposed to extend the voting trust five years, and the voting trustees have announced that pending the consent of a majority to such extension the transfer of voting trust certificates will be continued until May 1. The authorities of the exchange, however, have ruled that the certificates bearing date later than Feb. 29 are not a "good delivery." The position of the governors is that according to the terms on which the certificates were listed the voting trust expired Fei. M, and that a voting trust certificate dated March 1 or later cannot be considered a "good delivery." So long as the ruling continues In force trading in the stock mentioned necessarily will be confined to voting trust certificates issued on M ! ef.:e Feb. 20. There la nothing to prevent transactions outside the exchange while the matter is referred, as It probably will be, to the arbitration committee. SHE WAS WISE. Edith Tom asked me last night how old I wus and I told him twenty-seven. Edna Foolish girl! You're only twentytwo. Edith I know, but he's going to give me a cluster ring will), a diamond in u for. every ar.

GRAIN PRICES STRONGER

hi LÜH goyk.rii:nt rkpoht HUM ipal i ME 1 1 1 i n B. ;rovinft Wheat In I npromlnlnR C ndition urn Followed A heat, IomIiik nt Htsh Figures. CHICAGO, March 2. Alarm officially expressed for winter wheat, the railroad strike In Argentina, and prospects of a cold wave combined to-day to create strength in wheat. Closing prices were about the beat of the day. May being l2c above last night s figures. July la up 2V. corn shows a gain of öSc, oats He. and provisions 2,,3fi22lc. Perhaps the feature that attracted most attention from wheat traders was the government crop report, which. In Its general summing up of the appearance of winter wheat, stated that the condition of the plant was unpromising over much the greater part of the wheat belt, because of severe weather, without snow covering. The rerioufness of the Argentine railroad strike was emphasized anew, a cable dispatch from Ltverpool stating that fear of a curtailment of wheat shipments from Argentina on account of the strike caused relative strength In English markets, in the face of the sharp decline here yesterday. Under these . Influences the market opened strong, with May up lc to IVic at 98c to 99c. July v&s "6c higher at 92H''i321c. The May option soon lost all its initial strength, developing decided weuknees on general liquidation. MAY DROPS TO 91C. Before any support came into play the price had dropped to 97"4c. a loss of l"4c from the opening high point. With the timid longs quite thoroughly sold out, offerings became scarce, and the price gradually worked its way toward a higher level. The more distant deliveries held firm, in spite of the early decline In May, commission houses being active buyera of both July and September. The market later became extremely strong. One of the features In tho late strength was a marked improvement In the export demand reported from the seaboard. Prospects of a cold wave in the Southwest gave added zest to the buying, tne volume of business reaching a large total. The close was almost at the top. After selling up to 94c final figures on May were aS'ic July closed at the high point, 941.4c. Clearances of wheat and flour were equal to T7.SS1 bu. Primary receipts were 62t,o00 bu, compared with 4o,yit bu a year ago. Minneapolis, Duluth and Chicago reported receipts of 414 cars, agalnr.t 290 cars last week, and 320 cars a year ago. CORN WEAKER, THEN STRONGER. Weakness prevailed in corn during the opening hour, due to heavy liquidation. There was a large amount of long stuff thrown on the markt t, and with only a small demand prices declined rapidly. The main factor in bringing out the selling orders was the weak Liverpool cables. The streflgth in wheat, however, caused an Improved demand from pit traders, and as the session advanced the market became stronger. Rcpoits from various points In Illinois of deterioration in the grain, and predictions of a smaller movement were influences that l'-nt support to the situation. The dose was at the top price of the day. May opened '2c lower to '' higher at .".4 V" "4V-. told between 53"gt and 5515.SUc, and closed at the latter figure. July closed at 54c, after selling between 52Vc and 54c. Local receipts were IS cars, J of contract grade. OATS GAIN LATE IN SESSION. Oats were extremely weak early in the day on heavy profit-taking, credited to Patten. The active s Hing by this interest was followed by realizing sales by many of the smaller traders, and for a time the market was quite demoralized, loiter some of the big interests began to reinstate their lines. This caused a change in sentiment, and on an improved general demand all Um early loss was soon recovered. Offerings were light on the uiturn. resulting in a strong market the latter part of the session. The opening on May was r lower to Sc. higher at 4'.Sc to 42. After ranging hetween 41c and 42V . the close was at 42!: i 1L'.-. July showed a n t gain of '2c. closing at 39c. Local receipts were 173 cars. HEAVY LIQUIDATION IN PROVISIONS. Provisions were subjected to heavy liquidation at the outset, and in consequence the early market was rather weak. Much of the selling pressure was due to the weakness in coarse grains, and to a decline In hog prices at the yaids. Packers and foreigners became active buyers of hog prolucts later in the day. Under this Improved demand prices gradually adar.ced, the close being at about the top figures. May pork sold between $14.37 and $14. v". closing at a gain of 22 c at $14.724. May lard closed i't'gSc higher at $7.474ijj7.50, while ribs were up M at $7.45. Estimated receipts to-morrow: Wheat. 30 cars; corn. 195 cars; oats, 235 cars; hogs, 30,000 head. leading futures ranged as follows: Articles Open- High- LowClosing Mr 2. Mr 1 heat ing. est. est. May... July... July.. Sept . Sept . . CornMay.... July.... Sept OatsMay..., July..., Sf pt .... porkMay .. July..., LardMay... July... RibsMay July... New. 99-. ' "4 93 924 87 86 994 954 944 97 924 91 S 85T 934 924 87 86 r.4 524 514 41 .194 344 554 52 52? 42 :;; 53 24 51 41 34 554 54 52 424 39 34 54 534 52 42 394 34

$14.45 $14.85 $14.374 $14.724 $1450 14.60 14.85 14.45 14.82 4 14.60 7.40 7.50 7.324 7 50 7.45 7.474 7.63 7.474 7.65 7.55 7.374 I.M 7 324 7.45 7 40 7 45 7.60 7.40 7.55 7.50

Old. Cash quotations were as follows: Flour was steady Wheat No. 2 spring. 92cft$l; No. 3, 85fJ 98c; No. 2 red. 96c'd $1.014. Corn No. 2, 52c; No. 2 yellow. 55c. Oats No. 2. 404ft 41c; No 2 white. 44c; No. 3 white. 404434c Rve No. 2, 734c Barley Good feeding. 3R'a40c; fair to choice malting, tfi'näoc. Flaxseed No. 1, $1.09; No. 1 Northwestern. $1.15. Prime timothy asd. $3. Clover, contract grade. $11.65. Mess park per brl. $14. 62r 14.75. Lard, per 100 lbs. $7.30$ 7. 35. Short rib shies Uoosei. $7.2.V0 7.37U. Short clear sides ihoxed). $7.50fe7.75. Whisky, basis of high wines. $1.27. Receipts Flour. 89.900 brls; wheat, 75.100 bu; corn. 400.200 bu; oats, 661,100 bu; rye. 16.200 bu; barley, 204.700 bu. Shipments Flour. 22.300 brls' wheat, 19.800 bu; corn, S7.200 bu; oats, 175,800 bu' rye. 9.300 bu; barley. 20.000 bu. Local nsli Mnrket. Wheat steady; No. 2 red, $1.03 track; No. 2 red. $1.03 on milling freight; No. 3 red. $1 track; wagon. $1.02. Corn firmer; No. 2 white. 45c; No. 3 white. 45c; No. 4 white. 424c; No. 2 white mixed. 44c; No. 3 white mixed, 44c; No. 4 white mixed. 44 4c; No. 2 yeüow, 44c; No. 3 yellow, 44c; No. 4 yellow. 444c; No. 2 mixed. 44c; No. 3 mixed, 44c; No. 4 mixed, 444c; ear. nominal. 46c. Oats firmer; No. 2 white. 44c; No. 3 white 43c: No. 2 mixed. 43c: No. 3 mixed. 424c. Hav steady to nominal; No. 1 timothy" $11.23; No 2 timothy. $10. Inspec tions Wheat : No. 2 red, 2 cars; unmerchantable. 1; total. 3 cars. Corn: No. 2 white. 1 car: No. 3 white. 1: No. 4 white. 5; No. 4 white mixed. 1: No 3 yellow. 3; No. 4 yellow. 3: No. 3 mixed. 6; No. 4 mixed. 5; total, 40 cars, oats: No. 2 white, 1 car; rejected, 1; total. 2 cars. Hay: No. 1 timothy. 1 car. THE WAGON MARKET. Wheat-$1 05. t'01 n 40ft 5fc. Oats Sheaf. $SftlO; shelled oats. 39ft (2c. Hav Clover. $7. 50-88 ; timothy. MÜ; mixed, $10(gll; millet. $89. NEW YORK MARKETS. NEW YORK. March 2 Flour Receipts. 30.RS1 brls; exports, 12,160 fcrls. About steady all day, with a moderate trade. Minnesota patents, $5.20 4J5.60. Rye flour steady. Buckwheat flour uull. Cornmesi steady. Rye quiet. Barley quiet. Wheat Receipts. 21.450 bu; spot steady; No. 2 red. $1.07 elevator; No. 2 red. 91.C8&1.11 f. o. b. afloat: No. 1 northern Duluth. $1.10 f. o. b. afloat: No. 1 northern Manitoca. nominal f. o. b. afloat. Options open: J firmer and advanced on favorable cables and covering, but later decline 1 under foreign celling atif'. liquidation, tartest azuin rail sharply on urong later cables, reports approaching cold wave West, fears of less favorable gcvf rnment report, snd Increased outflde speculation The eP.se v.as firm at 14'.; ; v higher; May, $1. 014ft 1 2, closed at $1.024; Julv. 974V99 7- 16c. closed at 99c; September. 894 5,91c. closed at 9e-v Corn Receipts. 2.025 bu: cxriorts. 9.21 bu; spot steady; No 2. 62c elevator and 564c f. o. b. afloat: No. 2 yellow. Mc; N 2 white. 564c. Options oiH-ned firm on a better local demand and covering, declined under liquidation west, rallied with wheat, and closed unchanged to c lower; May. 5.G04c. closed at 604c; July closed at igve, Osts Receipts. 52.500 bu; apot easy; No. 2. ( .-. standard white, 56c; No. 2 white. 56c; No 3 white. 5äc Hay steady Hope. Arm. Hides Arm. Leather Aim w.' I Arm. Beef steady. Cut meata quiet. Lard easy; western steamed, $7.75; reflned quiet: continent. $77.'. . S A. $8.50; compound. $4.8749 m , . ..tlli.ff Rice steady. Molasses Arm. Coffee, apot Rio adj. No. 7 invoice, 6 13 -16c, mild steady; Cor-

dova. lOlSc. Fugar. raw Arm; fair refining, 2 62 9-S2c; centrifugal, test. 33 13-32c; molasses sugar, 2Sv2 21-Z2C. Reflned quiet.

TRADE IN GENERAL. ST. LOUIS. March 2 Flour steady, red winter patents. $6.Kj5.4i; extra fancy a .d straight. SMfitt.25; clear, $4.204 35. Timothy 1 eed steady at $2S082.73. Corn meal ateaiv at '.50. Bran strong sacked east t:ack. o Wheat hlgher n cold wave and damage rep rts; shorts covered; No. I red. cash, elevator. $1 )2; track. S493c; May. 96c: Julv s",c: No. hard. 9t'(f 96c. Corn Arm: No. 2 cash. 4oc: track. 404946c; May. 4.4c. Julv iVtc. track. 427 45c. Hay dull; c. Oats quiet: No. 2 caah. c; May. 41c; No. 2 white. timothv t ; prairie. l''t ft for NV 1 Vhilrx- : steady st $1.31. Iron g. 6l2. Hemp twine. cotton tlea, 82c 6c. Pork higher Jobbing. $14.824. Lard higher; prime steam. $6.95. Bacon ! - 1 . itra shorts $8.374; clear iiba. $8 ar. $S.50. Keceipts Flour, 7,coo brl; wheat, 90.000 bu; corn. 87.000 bu; oats. 54. 1 V bu. Shipments Flour. 16.000 brls: wheat. 123.000 bu; corn. 60,000 bu; oats, 62,000 bu KANSAS CITY. March 2. Wheat May. R54c; July, S34c; cash. No. 2. 9"4c: No. 3, 8449SSC; No. 2 red. tl.06'1 "7. No. .'. $1.01ft 1.04. CornMay, 4.3ic; July. 44c; cash. No 2 mixed. 42t 24c; No. 2 white. 44c; No. 3. 42fi424c. Oats No 2 white, toullc; No. mixed. . HayChoice timothy. $9.50falO; choice prairie. $7.259 7.50. Rye No. 2, G4&;5c. Receipts Wheat, 400 bu; com. 7,200 bu: outs. K.uOO bu. ShipmentsWheat. 144.S00 bu; corn, 32.O00 bu; oats, 5.000 bu. DI'Ll'TH, March 2 Wheat In store No. 1 hard. $1.05. No. 1 northern. 97To; No. 2 northern. 9r4c. To arrive No. 1 hard. $1004; No. 1 northern. 98 c; No. 2 northern. 96 V; May. 9874c; July. 9J4c: September. oats On track and to arrive. 3c. Rye On track and to arrive. 70c. Barley. 34u.'.2c. Receipts Wheat, 22,731 bu. ShipmentsWheat. 4.1j bu. MINNEAPOLIS. March 2 Flour Prices unchanged this morning, hut verv firm as quoted. First patents, $5.2505 35; second patents, $3.10(9 5.2; flist clears. $3.85(u4.25: second clears. $2 ." 1 2.t0. Bran string and Eastern demand very good; bian in bulk, $167j 16.25; shorts, $1601(5-25; middlings. H0H M CINCINNATI. March 2. -Flour steady. Wheat steadier; No. 2 red. $1.054J1.06. Corn steady; No. 2 mixed. 47c. Oats firm; No. 2 mixed. 441 41'.c. Rye easy at 7980c. Lard steady at P.m. Bulk meats quiet at $7.50. Bacon steady at $8.624. Whisky firm at $1.27. Sugar easy. MINNEAPOLIS. March 2. Close Wheat May, 994c; July, 9944994c; September, S84c; track. No. 1 hard. $1.01; No. 1 northern, 99c: No. 2 northern. 97tj974c; No. 3 northern. 94 95c. TOLEDO. March 2. Cloverseed closed, cash and March, $7.15: April. $7 Prime alsike. $6.30. Prime timothy. $1.45. Wheat May, $1.004. juiy. 774c; cash. $1.014. LIVERPOOL. March 2 Wheat Spot steady; No. 2 California. 7a 4d. Corn Siot American mixed, new. easy at 4s 24d; American old, steady at 4s 6u. BALTIMORE. March 2.-Clnae: Wheat-March. $1.05; April, $1.04. Corn March. 52c; April. 534c MrLWAUKEE. March 2. Barley steady; No. 2, 63c; sample, 4ot0c. Poultry, Butter and F.ara;s. NEW YORK. March 2 Butter Receipts. 5,031 pkgs. Steady; extra fresh creamery, 25c; creamery, common to choice, 15254c; State dairy, 14 Otic; held creanv ry, 14ft22c. Cheese Receipts. 475 pkgs. Firm; State full cream, fancy small colored and white and large colored and white, September. 12c; late made, 10c. Kggs -Receipts. !3.fi99 pkgs. Steady; State and Pennsylvania near-by, average finest, 214c; State and Pennsylvania seconds to firsts, 19 4 iXo-c; Western firsts. JO'e. Poultry Alive, quiet; Western chickens. 12c; fowls, lH4c; turkeys, lie, Dressed, weak; Western chickens. 124150; fowls, 124öl3c; turkeys, 1 c. PHILADELPHIA March 2. Butter steady; extra Western creamery. 264c; extra near-by prims. 2?c. Eggs 2c lower; fresh near-bv and fresh Western. 19c, at the mark; fresh Southwestern. 1. !..; fresh Southern. IV. Cheese firm; New York full crtams. choice to fancy, 11 &U4c; full .reams, fair to good. l'4lle." CHICAOO. March 2. On the Produce Exchange to-day the butter market was easy; creameries, 14'254c, dairies, I4'c22c. Kggs steady at mark, cases included. 17ft l74c. Cheese steady. ' 114c. Poultry, live steady; turkeys, 12c; chickens, 12c; springs, 12c. ST. LOUIS. March 2. Poultry steady: chickens, HOlOHc; springs. 104; turkeys and ducks, 13c: geeje. 8c. Butter steady; creamery. U?r27c; dairy, l,Vä2"c. Eggs lower at 15c, case count. CINCINNATI. March 2 -Eggs steady at 19c. Butter fair. Poultry firm; hens. 114c; springs, 134c; turkeys, 14. : . Cheese steady. KANSAS CITY. March 2. Eges steady; Missouri and Kansas, cases returned. 14c per doz; new No. 2 whltewood cases Included. 15c per doz. BOSTON. March 2,-Fowla, 12413c; springs. 134&Hc; turkeys, 17lSc; capons, 1S' 19c. Eggs. Oils. OIL CITY. March 2. Credit balances. KLTT; certificates, no bid; shipments, 101,175 brls- run' 101.411 brls. average. 69.845 brls. Shipments' Lima, o.31l brls; runs, Lima, 77,521 brls; average' IMII brls. 1 SAVANNAH. Mrch 2. Turpentine steady 59c Rosin firm. Quote: A. B. C, D. $2.40- E. $ 45- F $2.50; (. $2.55; H. $2.M; L, $2.95; K. $3.25; ' M $3.30; N. $3.35; window glass, $3.55; water white.' $3.75. IOsW YORK. March 2 -Tallow quiet. Cottonseed oil quiet; prime yellow, 384c. Petroleum steady. Rosin quiet; strained common to good $2 25. Turpentine steady. WILMINGTON March 2.-Turpentlne, nothing doing. Rosin, nothing doing. Tar firm at $1 4." Crude turpentine firm, $2.25 and $4. Of). MONTPELIER. Ind.. March 2. Crude petroleum strong: North Lima, $1.2S; South Lima and Indiana. $1.2.1. CHARLESTON. March 2.-Turpentine and rosin nominal. Cotton. aWsTSJ ,Marrh 2-tton steadv. Sales. ..S. hales. Ordinary. 12 13-16c; good ordinary, 144c; low middling. 14c; middling 154Cgood middling. 15 7-16c; middling fair 15 13-I6c' Receipts. .'.S:,9 bales; stock. 366.308 hales. NEW YORK. March 2. Cotton Spot closed quiet and 15 points higher; middling uplands 15. i3c; middling gulf. 16c. Sales. 4,000 bales. Dry G001U. NEW YORK. March 2.-The movement In dry goods from the Arst hands shows no signs of Increase, but sellers are increasing in firmness and anything which Is being sold is at full market rates. The outlook Is not for any marked improvement unless cotton should show a further material advance, when it la believed buyera would be inAuenced to operate more freely. Wool. ST LOFIP. March 2 Wool nominal: medium grades, combing and clothing. 17t?214c light fine. Ultc; heavy Ar.c, Y2W'2c: tub washed 2Oft304c WILL PAY INTEREST ON BONDS. Stockholders of IMttshurtr ( onl (omit an vieet nt Jemey C ity. NEW YORK. March 2. -At the adjourned annual meeting of the Pittsburg Coal Company In Jersey City to-day the stockholders agreed to the proposed amendment of the articles of incorporation. These changes are intended to permit the directors to pay interest on $25.000,000 bonds sold to the Union Trust Company of Pittsburg, to provide that these bonds shall be issued by the Pennsylvania Mining Company, and that both principal and Interest shall be guaranteed by the Pittsburg al Company. The bonds were originally issued by the Pennsylvania Mining Company, a Mibsidiarv companv of the Pittsburg Cal Company. At a prsvloua meeting the stockholders had voted approval of the loan, hut the amendment to the articles of Incorporation was necessary to provide the guarantee for the bonds. THE COTTON MARKET. NEW YORK. March 2. -The cotton market opened steady at an advance of 4 to 9 points on scattering demand for both accounts, prompted by the rally in the Liverpool future market and the good sales of fiot cotton reported at unchanged prices. Futures there at Arst had been disappointingly low, but by the hour of the local opening had advanced to a little better than the expecte level, and private carle?, ascribing the large spot sales to demand from Manchester spinners, resulting in a better inquiry for goods from India and China, alfo had a hulll?h effect on local sentiment. Still, there was at first a general idea that the market should have a reaction, and demand was not aggrtssive. For the first hour, in fact, prices ruled very irregular, fluctuating aroun 1 the ojenlng flgures and last night s close T ward midday Suliy entered the ring and bean bidding aggressively all alons the line. There was little cotton for sale, apparently, and the market responded readily. During the balance of the session there were occasional, but narrow, reactions, under spurts of realizing, hut. generally rpeaking. the tendency aas upward, and the market closed Arm at practically the top for the season. The net advance was 13 to 4 points, with the greatest gain on the March position. Sale were estimated at 600.COO bales. Receipts for the day were rather over early estimates, but exports were larger, and a report that 4.oco bales had been sold for export out of the local stock late yesterday lent color to reports that export demand was slightly Improved, although the spot people are still complaining of indifferent buyers. There eems to be an idea, however, that the advancing tendency of spot cotton will stimulate buyers of goods generally, and this demand will force the mills Into the marke' for supplies of raw cotton. The matket was also flooded with private Liverpool cables telling of a better business in cloth in Manchester, helping to establish the advance. The fsstnra of the day's business, which was. for the most part, of a professional character, was the purchase of a block of lfi.oon March against a sale of a like amount of May by Sully. This tranction had a tendency to remove apprehension of depression from unstopped notices later In the month, and also helped In a nominal advance of spct prices. The Southern spot market was generally firm to c higher, but was quite as generally quiet. with the exception of New Orleans, where fair sales were reported.

STOCK MARKET LIFELESS

II' ( H ITIOHS SO NARROW 0 MARGIN OW PROFIT IS OFFERED. Current Railroad Familiars Disronrnsinu Money Market Presents an 1 ncertain Feature. Sales of stock shares "orresponding day last year Sales to date this year To corresponding date last year 1.X1.4MM I2M.SOO 22,192,24X1 i7.t'.2o.2(;o NKW YORK. March 2. The stock market continues flat and lifeless. The feeble fluctuation in prices is not sufficient to offer any margin of profit over the expense of commissions. Consequently there is an entire absence of outside interest. Occasional news developments that might be suposed, in time's of ordinary activity, to have a bearing on values are passed over with apathetic indiffertnee. The cause of the stagnation is not entirely clear, and still more obscure Is the coming event which may serve to break the deadlock. There is no prospect that the collateral results upon the financial markets of the war In eastern Asia will be anything but very gradual in their developments. One of the immediate influences upon to-day's market was the unsolved doubts over the outcome of the Paris settlement, which is still in progress. Wliile no trouble has yet developed, the apprehension on the subject is not likely to be allayed until the conclusion of the jiayments on the account, which are due to-morrow. Both Paris and London labored under this disadvantage to-day, and reflected some Influence upon New York. Current railroad earnings are discouraging. Heavy declines In January net earnings continue to come to hand, the Pennsylvania lines and Lehigh Valley being to-day's conspicuous additions to the list. Southern Railway made a better "bowing, hut the Stocka got no benefit from It. The lack of pressure upon railroad stocks on this account argues some confidence among security holders that the unfavorable condition is a temporary one. but the clearing up of weather conditions will be necessary to confirm this hope. money mark;:t cncertain. The money market future is another uncertain problem. Call money Is a drug and reserves continue to pile up in New York banks, in spite of some reported demand upon Chicago banks from the interior and a resulting fall in New York exchange at Chicago. There was a transfer of $100,000 to that point to-day. 1 iP , . ... . . . . - 1 i -side inai interior government uepos- 1 itories are remitting to New York in readinesa lor the return of 20 per cent, of their deposits in connection with the Panama canal payments. hether this or the decline in business uses for money is the cause of the accumulation of idle funds is a subject un which the shedding of light would help the uncertainty of the stock market. ' W York Central's one-year borrowing of $..'100,000 at the equivalent of 5 per cent, confirms the indication of previous railroad loans that a relatively high rste is demanded for these corporation loana. and gives an Illusive appearance to the extreme case In the current money markets. The possible effects of the Panama payment, which is expected to be put through at once, and the further corporation borrowings known to he hanging over the market may be the explanation of this uncertainty. The movement of gold from New York to Argentina, inaugurated yesterday. Is another factor in the problem. Its present significance Is that London is able to call en New York for payment of Its South American debt, notwithstanding the enormous merchandise balance of the last few months for which payment was due us. The war in freight rates, the prospect of a soft-coal strike, uneasiness over the condition of winter wheat and the impending Northern Securities decision must all be held in mind to understand ;he apathy of the market from day to day. The movement of prices to-day in detail 1? not worth analysis. Bonds were firmer, but dull. Total sales, par value. $1.120.000. Cnlted States bonds were unchanged on call. Sales and the range:

High- Low- Clos. Sales, est. est. Bid. 3.400 674 &.-4 654 2O0 89 84 4 5.400 73 744 75 864 soo 111 1104 110 153 20) 30 2: 2!4 I.300 3 364 37 IN 82 82 814 100 15 15 144 1,200 14 1624 1634 8,800 1394 13S4 119 172 2.000 94 94 94 2,900 284 14 194 100 764 764 76 200 16 154 154 300 54 54 53 100 234 234 23 500 135 154 154

RAILROADS Atchison Atchison pfd Baltimore & Ohio B. & O. pfd Canadian Paclflc Central of New Jersey... Chesapeake & Ohio Chicago & Alton C. & A. pfd Chicago tireat Western.. Chicago & Northwest.... Chi.. Mil. & St. Paul.... C. M. & St. P. pfd Chi. Term, and Trans Chi. T. and T. pfd C . C. C. & St. L Colorado Southern C. S. first pfd c. s. second pfd Delaware & Hudson Del., Lack. & West Denver Jk Rio Grande D. & R. G. pfd Erie Erie Arst pfd Erie second pfd Hocking Valley Hocking Valley pref Illinois Central Iowa Central Iowa Central pref Kansas Cltv Southern K. C. S. pfd Louisville & Nashville... Manhattan L Met. Securities Met. Street-railway Minn. St. Louis M.. St. P. & S. Ste. M... M S p - S S. M pfd Missouri Pacific Mo., Kan. & Texas M . K. A T. pfd Nat. R. R. of Mex. pfd.. New York Central Norfolk A Western N. W. pfd Ontarir & Western 260 18 '4 23 624 3-1 ... 4.2.0 234 1.P0 62 4 200 Z'J 4 23 624 39 791, 1 100 126 126 126-4 IS . lt 314 100 32 1.00"! 103 32 M 1024 1.6O0 1434 H24 1434 500 s.-. sr. 900 1154 115 1144 5 604 118 8 15 35 36 500 61 60 14 1.1 100 n 154 15 2 364 364 2r0 1144 1144 1144 600 .-..-,4 85 204 1H4 56 4'4 75 56 604 474 134 304 K 184 79 224 234 33 734 864 17 33 15 IS 40 500 31 20 113 Pennsylvania 12,800 1134 P., C. C. & St. L Reading Reading first r'd Reading second pfd Rock Island Co Rock Island Co. pfd St. LAS F. 2d pfd St. Louis Southwestern... St. L. Southwest, pfd Southern Pacific Southern Railway Southern Railway pfd Texas & Pacific Tol.. St. Louis A West... Tol.. St. L. & W. pfd I'nion PaciAc Union Pacific pfd Wahash YVrthash pfd Wheeling & Lake Erie.... Wisconsin Central WIS. Central pfd EXPRESS COMPANIES Adams American Cnlted States Wells-Fargo MISCELLANEOUS A mal. Copper Am. Car and Foundry.... Am. C. and F. pfd American Cotton Oil Am Cotton Oil pfd American Ice Am. Ice , pfd American Linseed Oil Am Lin: eed Oil pfd American Locomotive Am. Loco, pfd .m. Smelt, and ReAning. Am S. ani R. pfd.. ...... American Sugar ReAning. Anaconda Miring Co 2.600 40 404 100 2.1O0 9-10 56 61 56 2o4 61 100 2.4'tO 600 3"4 41 19 314 43 14 ?I4 35 74 244 35 73 ion 3,6'0

400 334 334 700 184 is" 100 42 42

220 15 102 2f0 464 l.' 6 24 Sn 7 31 9 27 - '4 10 47 90 100 103 103 5.900 47 tt 2'V 390 8 314 8 314 1.300 100 22 8 224

5.6)0 125 125 125 62 2.300 414 40 414 1W 31 31 304 1.700 101 192 900 184 184 17 S 234 W 1594 1394 IM 11 644 144 81 1.40 274 264 2T;4 300 98 98 274 6S4 100 2104 2104 21ft 7 "400 i9 194 nu M 35 v 74 7 74 77 77 77 e 6i .Y4 4!J, 4' .4 1.100 124 12 12 48 3.OA0 114 11 11 8.3v 564 -r4 S64 101 1-9 159 158 700 84 87 87

Col. Fuel nnl Iron Consolidated Gas Corn Products Corn Products pref Distillers' Securities General Electric International Paper Inter. Paper pref International Pump .... Inter. Pump pref National Lead North American PaciAc Mail People's Gas Pi SSSSd Steel Car Pressed Steel Car pfl... Pullman Palace Car Republic Steel Republic st -ei pfd Rubber Goods Rubber Goods pM Tenrt. Coal nnd Iron United States Leather.. U S. Leather oM United States Realty U S Realty I M lnit-d States Rubber... U S. Rubber pfd United Stntes Steel U. S Steel pfd 'V- rttngtifttt Electric . Western Union UNITED STATES BONDS United States refunding twos, reg United States refunding twos, coup United States threes, reg t'nlted States threes coup United State new fours, reg United States new fours, coup United States old fours, reg United States old fours, coup RAILROAD RONDS Atchison adjustment fours A Mantle Coast Line fours l'.ailüi."- v ' f"ljry Baltimore & Ohio three-and-a-halfa Central of Georgia Aves Central f Georgia Arst Inc Chesapeake & Ohio four-and-a-halfs , fhieago A- Alton three-and-s-hxlfs Chi . Burlington & Quincy new fours Chi.. Mil. St. Paul gen. tours Chicago i Northwestern consol sevens Chi.. Rock Island & PaciAc R. R. fours .1044 .1". ..106 .14 . . '?2 .112 l-"'4 . .M74 . RS 4 14 . 724 .105 M hi c, II 1 12-.-4 C. R. 1 ' ol- ?s 77 C., C. C. St. L. gen. fours 974 Chicago Terminal fours 80

Continental Tobacco fours Colorado Southern fours O. nver & Rio Orande fours Erie prior lien fours Erie general fours Fort Worth A- Denver City first Hocking Valley four-and-a-halfs Louisville & Nashville unified fours Manhattan consol gold fours Mejti. an Central f .urs Mexican Central first Inc Minn. & St Iuls fours Missouri. Kansas & Texas fours Missouri. Kanas & Texas seconds National Railroad of Mexico consol fours.. New York Central gen. th-ee-and-a-halfs New Jersey Central general Avea Northern PaciA- fours Northern PaciAc threes Norfolk & Western consol fours Oregon Short Line fours and partlc Pennsylvania conv. three-and-a-halfs Reading general fours St. Louis ä Iron Mountain consol Aves St. Louis and San Fran, funding fours St Louis Southwestern Arstd Seaboard Air Line fours Southern PaciAc fours Southern Railway Aves Texas PaciAc firsts Toledo. St. Louis He Western fours I'nion Pacific fours Cnion Paclflc cenv. fours Cnited States Stetl second fives Wabash firsts Wahash debenture B Wheeling & Lake Erie fours Wisconsin Central fours Colorado Fuel conv. fives Offered.

M , . 74 . M'i M .104 .104 J74 ; -7 TO, si' . 4 .112 . S' 4 924 ; r,i , w4 .1114 .Hi . f:4 .1024 . . 704 .111 . M4 . 70 Chirnaro Stocks. A Co F W lre'.l Name Open.Mlfn .Low. 44 3a4 Close. 44 mi American Can 44 American Can pfd 9 Diamond Match 128 National Biscuit 404 National Biscuit pfd 1"24 Swift & Co Cnlted Box Board -M United Box Board pfd 174 C 354 174 17 BROKERS' VIEWS ON THE STOCK MARKET. A. W. Thomson. NFAY YORK. March 2 The opening was firm on a better tone for Americans In London. The movements showing an advance of the day were confined to the specialties. Among the railroads Alton advanced a point on purchases made for account of the pool. Manhattan declared the regular quarterly dividend of 14 cent and an extra 1 per cent. Leaders among the bituminous operators expect a strike which will affect 600.000 men. Atlantic Coast line reported a strike of about half of the section men on their The market was extremely dull during entire session, but acted very welt under the clrcums an.es There was not the slightest pressure to t, 11 stocks and we believe that all of the leading issues, especially the dividend payers, are being quietly acquired on all offerings. Meyer & Kiser. NEW YORK. March 2.-Trading In the stock market to-day was a nominal affair and dullness ruled as on yesterday and preceding days. The market Is, of course, wholly professional and. in consequence, absolutely flat and narrow. The uncertainty concerning the North, rn Securities decision and the preponderance of adverse influences make traders nervous and disinclined to make commitments. It is extremely doubtful If any outside Interest can be . injured up at this time, and a lagging market seems to be inevitable. Some interest was manifested to-day in the announcement from 1 lttsburg that the Unite 1 State Steel Corporation is closing contracts for 1M tons of Bessemer pig iron at 113 a ten. This may be regarded as a bullish influence on Steel. There was some good buving to-day of Steel preferred. The general news Is light. Among the active stocks were Pennsylvania. Steel preferred. Brooklyn Rapid Transit. Mexican Central. Sugar and fct. 1" The strength of Mexican Central was regarded as significant, but no explanation of It has been obtained. The trading in the stock was unusually large It might be ascrihed to manipulation. There was some good buying of St. Paul, on the theory that the next statement would make a g.iod showing. Pennsylvania was the most active stock, but it declined fractionally during the day. Chicago & Northwestern was fairly active for that stock and very strong. The Iron Age does not take a verv optimistic viow of the outlook and the strength in Steel preferred is not easily explainable. Porterfield & Co. NKW YOBK. March 2 The stock msrket was a repetition of the past week as far as dullness was concerned. The opening was easy and without material change from last night's close. No feature to the trailing at ab and the only noteworthy fact worth chronicling was the strength of the low-priced stocks. These "dead ones" seem to be gradually working to a higher level and while it Is a slow pnxess, nevertheless It acts as tho"gh they were bound to accomplish it shortlv. In such a market as this it Is useless to attempt to predict any Immediate future course, and while we still do not expect any further decline of consequence, it is evident the i...i.. f.aiorniiv u ami will hold aloof until S I ' i i r , ... Ii".' 11. .j ... - - - something definite occurs to Influence their operations one wav or the other. The late quotations showed strength all around and close was at the best prices of the day. (A. R. Thompson & Co.) NEW YORK, March 2. Transactions on the Stock Exchange to-day reflected a strong undertone In speculation, Induced partly by the short covering that took place, and by the revived activity of poola In their speculations, which we interpret favorably, indicating, as it does, the belief that Improvement Is approaohisg In general conditions, and that all liquidation pending has occurred. The foreigners bought stocks again to-day. and with any clearing of the war situation would take large lots of securities, according to our advices from abroad. We desire to call attention to some special information received to-day from an unquestioned source, in regard to United States Steel .cks. on which we are bullish, and which we believe should he bought whenever soft. The co pora'.lon will, according to our Information, show !etween $15,(nhi :n and H6.000.OfH) earned for tn first quarter of 11. as compared with between $14.000.000 and $15 ooo.OOO for the last quarter of 1903. The capacity of the company in rails has been almost sold out for the year. This is a big hull card on both stocks of the institution. Turning to some of the specialties, we would recommend purchase of Consolidated Gas. Rock Islands. Chicago Terminal. Southern Pacific. Brooklyn Rapid Transit, and Amalgamated Copper on all weak spots for turns. There is reason to look for favorable developments in the not distant future In connection with each of the stocks named. Amalgamated Copper will get an Increased dividend if Its earnings are any criterion. Brooklyn Rapid Transit Is being bought for control. It is a valuable property. London Money Higher. LONDON. March 2 Supplies of money were smaller than anticipated in the market to-day, and rates stiffened for money and discounts. Trading on the Stock Exchange was quiet and Kenerallv more cheerful, being stimulated hy the satisfactory progress of the -settlement at Paris, though the feeling of caution is likely to be maintained throughout the week. l S. Shlpbnlldlna; Annonneement. NEW YORK. March 2 After several conferences between various Interests In the United States Shipbuilding matter, it has been announced that the Anal date for the deposit of bonds as consenting to the new plan of reorganization had been extended to March 10. The reorganization committee also notiAed the bondholders who recently asked for the return of th'lr bonds, who broucht suit against the promoters of the shipbuilding concern, that their bonds will be returned. THE MONEY MARKET. Rates on I.onns and Kxchanare Clearing; and Discounts. INDIANAPOLIS Commercial paper, 6 per cent.; time loans. Kl per cent. Indianapolis Clearlnnjs. Wednerday's clearings $935. 272 58 Corresponding day last year 8Sr.,o6. 1 Balances 149,855.62 New York Hille. per rrir.. . .- - r - i imr cent 1 Time mercantile naner 1. I.r cent. Sterling exchange steady. wlh a hufincss in bankers' hill ht $4SC.5494M.55 for mand. and at $4". 6Sg4S3.70 for slxty-dav hil!s. Posted rates. $4844 and $1.87. Commercial bills. 148340483. Rates Abroad. LONDON. Monev. ?4f7? per cent.; discounts, 3t34. Consols. 85 7-16(5-85 11-16. PARIS Three per cent rntes. 94f 574c for the account. Exchange on London. 2'f lS4c for checks. BERLIN Exchange on Lcndon. 2m 47 pfgs. Discount rates- Short bills. 2 per cent.; three months' bills. 34Mnrkcts for Silver. NEW YORK Bar silver, 57c; Mexican dollars. 454c. LONDON. -Bar silver. 26 ll-16d an ounce. Trensury Statement. WASHINGTON. Wednesday's statement of the treasury balane-s in the general fund, exclusive of the Il-R0eo00 gold restive in the division of redemption, shows: Available cash baiame $223. 21- BSJ Gold 102.270.703 Arrested for l!ea-l Krnnd. MINNEAPOLIS. March 2.-Villi;im H Johnson, former superintendent of the poor and secretary of the Board f Charities and Correction, was to-day arrested and arraigned on an Indictment alleging that items were charged und paid for by the city but never received. Trial was set for Monday. i I

NEW YORK Money on call eauy at HMM ptr cent- closing bid 14 per cent, offered at 1 per cent.' lime loans easy and dull; sixty days, t - . nlnttv dnvs. 3'n ne- cent mr.n.k.

II . I. IH,

LOCAL STOCKS AoD BONDS

t.oon Movi'Mr.vr in mimi: of tiic ISAC'TlYE lM l. I nt .11 Traction Common Sold On the Kiclianui' nt .'t 1 nlc for the Day I'." Shares und Bonds. The local securities market was active yesterday, sales for the day aggregating 160 shares of stock an! $7.00 bonds, par value. The list of sales shows considerable movement in Issues which have been entirely Inactive, or nearly so, for some time. Th- movement in this class of Htock and bonds im iuded sales of Indiana Unioa Traction stock and baulk, New Telephone second Ave. and Street Rails ay fours. 4A block of 10 shares of Union Traction common was sold at the call, st 34. This is the first sale of Union Traction for x me tune. The Issue opened at 3S4 bid and C5 a;ked. The bid was Increased to 34 on the last cad and 10 shares were sold. The bid then went back to 34 snd the ssk price to 35. The other sales yesterday were: 50 shares of Abatt. ir preferred stock at 100; 14 shares of Security Trust at 14 : ' s-har-s of Indiana Union Traction at 15; 40 shares Atlas preferred at 1054; $"..000 Indianapolis Street Railway fours at 804; $1.000 New Telephone second Ave at 82 and $1.0o0 Indiana Union Traction fives at 75. 4The sal- of a block of' Abattoir preferred yesterday at par. $50, is slightly below the price at which the last sala was made. 101. The ssk pries for Abattoir yesterday was 102, with no bid. A large part of the Abattoir preferred stock is held I r tty closely, it is thought, snd will not be on the market. 4- 4- 4 The sale of Security Trust stock at 100 yesterday Is an advance of 4 point over sales of small blocks in the open market the past few weeks. The bid on the Exchange for Security Trust went back to par yesterday, with the asking price 1 point lower at 1C2. 4 4Clearings of the Indianapolis banks snd trust companies for the month of February show a gain of more than $8,000.000 over the cl arlngs for the corresponding month lust year. The clearings during February. 1904, smounted to $25. 551.305. The clearings during January were considerably larger than those of the same month last year. 4-4-The president of one of the Washington-street banks received a telegram yesterday sfternoom informing him that the attorney general of the United States has held that the Panama canal payment of $40.000.000 can be made legally at once. This means that the secretary of the treasury will likely call upon the national banks for 20 per cent, of their government deposits st once. Government deposits In all the national banks at this time amount to something like $13.000,000. The local national banks have about $3,750.000 and the amount to be sent to New .York to be applied upon the Panama canal pay i ment will be in the neighborhood of $760.000. The release of something like $30.000.000 of government bonds by the withdrawal of 20 per cent, of the government deposits from the national banks, together with other depressing conditions upon the government bond market will, no doubt, cause a decline In these securities in a few days. The general effect of the making of prepara tions for the construction of the Panama upon the United States bond market has toward lower prices. Quotations. STOCKS Abattoir pref American Central Life Insurance Co. American National Bank Atlas Engine Works prof Beit Railroad common Belt Railroad pref Brown-Ketcham Iron Works pref.. Capital National Bank Central Trust Co. Climax C. &. B. P. Co Columbia National Bank Consumers' Gas Trust Co Delaware Ac Madison Co. Tel IV-i. id. I'nion Su. ety O. Home Brewing Co Indiana Hotel Co. pref Indiana National Bank Indiana Title Guar, and Loan Co. .. Indiana Trust Co Indiana Union Trar-tlon common... Ind'p'l's & Martlnsvlll R. T. Co. .. Indianapolis Fire Insurance Co. Inoiansoolle Gas Co. Indianapolis A Eastern Ry. Co. .... Indianapolis A Eastern pref Indianapolis Street Railway Ind'p'l's Traction snd Terminal Law Build ".ng Laycock. T. R.. Manfg. Co. pref.. Marion Trust Co Merchants' National Bank Midland Portland Cement common. Midland Portland Cement pref.... New Telephone Co New Telephone, long distance People's Deposit Bank

Bid. Ask. MZ ... , 152 1.. 104 1 a 112 120 m 1'7 144 14! 130 S 111 900 47 8 Vi 117 0 55 ..... 135 60 72 161 166 12 16 49 142 150 70 4S 90 Vs . 36 28 79 S6 s 220 225 1

79 ÜÖ" 5 61 115 m a 102 . SJ 25 7 225 107 105 Polk. J. T.. Co. pref ..... Rauh Fertilizer pref 100 Security Trust Co 10" Union National Bank 101 Union Traction common 33 Union Traction pref 72 "Union Trust Co ..... Yan Camp Hardware Co. pref Wasson pref 100 BONDS Broad Ripple fives Citizens' Street -railroad fires 105 Delaware A Madison Co. Tel. fives Horns Heat. A Light Co. fives Indians Union Traction fires Indiana Hotel sixes 5 Indianapolis. Col. & Southern fives ..... Indianapolis A Eastern Indianapolis Greenfield R. R. fives Indianapolis Oas Co. sixes 104 Ind'p'l's A Martinsville R. T. fives.. 85 Indianapolis Northern fives Ind'p'lis Street-rsilway bonds, fours II Indianapolis Water Co. fives 94 Kokomo Railway A Light Co. fives. Sf Merchants' Heat & Light Co. fives. P2 N w Telephone, first fives S7 New Telephone, second fives 80 New Telephone, long distance fives Union Traction of Indiana fives ... 94 s 4 110 SO m 75 102 loov, m 91 1 n IUI 101 Ml 91 '." 97 With accrued Interest. No bid or ask quota tion. General Financial 5ewt. The renewed decline of English, French, German. Japawse and Chinese public securities, recently, to the lowest prices of the "war scare," and the uneasy movement of other securities, directs attention to the -srying position of ths European stock markets. When the war broke out. London was prepared, but was not in a sufficiently strong position beforehand to escape the consequences of the shock. Paris occupied intrinsically a powerful position, but had. unfortunately, indulged in heavy speculation on tha Bourse, based on belief that there would be no war. There is abundant reason to believe that, la both England and France, the market took its cuo from the great bankers, snd the bsnkers from the belligerent powers, whose governments stated the case frankly. But as Japan was negotiating with London bankers and Russia with rVi, it is easv to und. rMand why Indon was prepared for outbreak of war snd Paris was not. Klin 00 u, led m.1dle ground. The trouble in Varls Is easily understood from ths overexf i Hours' speculation. What chiefly concerns i.n.r7an financiers Is the relation of Parts to the London money market. Lombard street has ler n laboring lor monin- w - debt to Paris. tiugency M has arise,:. "-' '- and exFr.nch capital. pii-j Chequer notes st London, snd to a den recall at the embsrraslng r openlv assigned as the r?" Ta England's refusal to assist in rais Hsh money rate. Before this Sfsjj I Its stident. was Hank of raising the Engllquldstlon hegan. wish having upg on the English r Interest Is. how r much was added il sales of consols ige. and how far Paris lankers were rr wards of $7000.000 nut! market. The question c muri, is lft of thi cre.i .-. w i.v i".t week s cos on the London Stock rris will choose to ui -New York Post. Secretary Shaw's notice to the national banks to be ready to give up $20A.-w public deposits in the near future for tne Panama payment, settled ths ouetion whether, as was claimed last year the operstlon could not be effected solely hy drawing on the treasury's balance. A year ago the cssh on hand, less outstanding liabilities was only $.00.M. 1 was said that the lia(f -nalsnces to credit of disbursing offlranld fcTr ' 1 It i V ... - tln. it f'c franse now and tne- excess of cash on hand lB 'i'miih,! is less than It was then. Wall over dt!iit 1 nirl,ment. r. nuW k,, made to hav. the beneficUrles of tn1 LaVment Invest it In ' this country They win doubtless sc. invest a psrt. the 'lotion rental nV,..ever. whether they can re induced to ' w o it here. In actual fart. the S3S.j feMLSsl Spanish Indemnity fund wss Inin American bills bv the bankers who received it In April. 19. But when th!. hills matured, they were eslied In. and $. -nAWl Isold was shipped in June By May. this 1 :.L".in1.t always exoorts rolfl It nt out i4 0"0 in thr.t month last 'r. $1.MOa00 ta . .. ;i .OW. a 1?01. and $12. 200.0 la Ufa. Against this, SO far as regards the present, stands the fact that exchange on London ! now lower than it ha been at this period in ears, 1 that our excas of merchandise exports st I . Uige.