Indianapolis Journal, Volume 54, Number 91, Indianapolis, Marion County, 31 March 1904 — Page 10

10 THE INDIANAPOLIS JOURNAL, THURSDAY, MARCH 31, 1931.

First Mortgage Bonds OGOO AMOUNTS At: l'ar. SHE NEWTON TODD ?A7Aio6

THERE ARE NO SAFEIt INVESTMENTS for your money than the farm and city mortgages that we have for sale. In 21 years we have sold over eighteen million 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. Phones. New 1824; Old black 4126. C. N. WILLIAMS fc CO. Bankers. No. 10 East Market St. Indianapolis We allow three per cent, on deposits.

SURETY BONDS for All Positions of Trust. Guaranteed Draft Checks for the Traveler. GEO. W. PAXGBORX 711-715 Lemcke Building.

HOGS AND CATTLE LOWER

GENERAL IIOU MARKET CLOSED AT A DECLINE OF 5 TO 15 CEXTS.

Cattle Were a SIott Sale and Tricon Were Knocked Down front 15 to 123c, Compared with Last Week. .

Receipts and Shipments.

HOGS Receipts ... Shipment ... CATTLE Receipts Shipment .... SHEEP Receipts Shipments ....

3,000 1,0041 ooo . KM) sro None

for grds averaging 40 round from $3-03.23. Quotations: Hi ring lan.bs

oomI to choice lambs .... Common to medium lambs Common to he ft yearlings ood to choice sheep .... Fair to milium shep ... Culls and common sheep .. Stockers and leading sheep Uueks. per 10 lbs

Representative Sales.

Bucks sold

5. .vi .)

4.0"''i5.:. 3y:$.7; i.vnz.::, 2Hi3.0)

30 Spr. lambs.... 12 fS.OO 10 Spr. lambs 47 ".'J) 14 I.ambs 10.1 5.75 S3 Cl'd lambs 1 Üuck ID 25

12 Spr. lambs IA Umbs , 11 I.amhs 6 Sheep 1 liuck

... 34 SS.frf) 70 JJ.lrt . . . n 5. j0 ...170 40 ...100 25

THE HORSE MARKET.

A little over 200 head of horses arrived for the closing auction sale yesterday and the market In nearly all particulars was much the same as the initial sale of the week. There were not as many good horses offered a a week ago, consequently there were not as many tales at extreme prices. it was also on the account of a difference In quality and condition that the demand was not as urgent a week ago, and salesmen had more difficulty In finding an outlet for the supply, notwithstanding there was a good attendance of buyers. The very bet horses in thir class soil nearly steady, but otherwise sales were probably at least i per head lower than last wek. The demand naturally continues best for the good stock in their class, but as usual at this time in the year there is a very fair inquiry for medium work horses for farm use. There were very few sales to-day above $175 and most of the medium to good chunks, drafters, drivers and coach horses sold from ?l"0filfi.. Smaller and lets desirable kinds told from J5 to $00.

LIVE STOCK NOTES.

UNION STOCKYARDS. INDIANAPOLIS, .'March -30. Hogs There is a little Increase in the marketing of hogs, and with liberal receipts and lower prices elsewhere this market naturally Is affected. There was a very fair demand today both from local and outside sources, but all buyers were determined to force a reduction in prices. Therefore, the bidding from the start was decidedly lower, and buyers were more Independent than yesterday. On account of the high prices prevailing here for some time past talesmen seemed inclined to make reasonable concesK.ons. and rather arly In the day a baste for operations was established. Subsequently the trading was as active as could be expected under the circumstances, and transactions were reported anywhere from 5c to 15c lower, with the average for the day at least 10c below yesterday. After the more Important orders had been executed the market, as usual, became less active, and It was more difficult to consummate sales late in the day, but probably none of the hogs sold to exceed lc lower than yesterday's best prices. The market closed rather weak at the decline. Sales" ranged from 15.25 to $3.60. and the bulk of the supply sold at $5.40'&5.55. Quotations: ;ood to choice medium to heavy $5.50'?5.60 Mixed and heavy packing 5.355.55 liood to choice licnt weights S.40'j5.&0 Ommon to fair light weights 5.25i5.3ö Inferior to best pigs 4. .Vfi5.25 J'.oughs and stags 4.7öl3i.25 Representative Sales.

No. . Av. 53 22 77 2U CS.... ....243 SS 2..7 fs 27 45 :s 65 137 31 130 30 lf0 63 223 2S ......... ZZU 1 212 4d.: 245 CS 273 0 312

Dk. 240 ISO K0 rr:o "so 120 KJ lfO JfiO

Pr. $5.6) ate) 5.60 r..6o 5.60 5.60 5.7i 5. 55 5.55 s. r5 5.55 5. "5 5.53 5.55 5.55

No. Av. M 137 75 2i 6 75 224 11 157 65 150 31 162 31 163 54 163 43 177 14 1'3 43 177

...m ...160 ...140 ...353

Dk. Fr.

40 $5.52i

85. 12. 12. 26.

120

40 40 2S) 320 220

5.524 5.52'j

5..V 5.50 5. SO 5.50 5.50 5.50 8.45 5.45 5.45 5.40 6.25 5.25

Cattle The demand to-day was slow from all sources, but It appeared that nearly all buyers were wanting a few If satisfactory terms could te arranged. The bidding was so much lower than salesmen had expected that they were reluctant In transferring their consignments, and this, of course, made the market sluggish. Finally, however, a number of cattle were sold at prices ranging from $4.40 to $4.S0, which was considered 15c to 25c lower than equal kinds were selling for the middle of last week. It was the opinion of most salesmen that transactions generally made an average of right around SOc lower than that time. At a late hour a number of fat steers had not been sold, and It was evident that a good clearance could not te rv.ade even at the decline. In sympathy with the lower market for fat steers there was also an easier tendency in the feeder trade, and the demand was not as urgent. But prices were not considerably lower, especially for the good kinds. The supply of good cows and heifers continues rather small and there was another active trade for this class of cattle to-day at fully steady prices. Common to medium females did not faro so well, and In many cases were reported 10c lower. There was no quotable change In the bull market, and the best calves sold higher. Other, kinds were only steady. Quotations: Steers. Good to choice steers. 1.350 lbs and upwax J 9 $4.6öf? 5.15 rialn fat steers, 1.K0 lbs and upwards. I.SOft 4.75 tlood to choice 1.200 to 1.300-lb steers.. 4.40-$ 4.75 Plain fat 1.200 to 1.3UO-it steers 4.15f) 4.50 Oood to choice 300 to 1,150-lb steers... 4.10'n) 4.50 Tlaln fat 9M to 1.13Mb steers 3.7S 4.25 Choice feeding steers. 1.000 to 1.100 lbs. 4.10- 4.25 Oood feetllnsr steers. 900 to 1.1' Ins.... 3.6.V(i 4.00 Medium feeding steers, 80 to 900 lbs... 3.25fr 3.60 Common to good stockers 3.00 4.00 Heifers. ' Good to choice heifers $3.73? 4.30 Fair to medium heifers 3.3..? 3.60 Common light heifers 2. 75 ü 3.25 Cows. 1 Good to choice cows $3.60'?? 4.40 Fair to medium cows 3.25'r 3.50 .anners and cutters 2.0fKr 3.15 Good to choice cows and calves.' 35.0G,fr:io.uo Common to medium cows and calves.. .2O.O0fc 30.00 Culls and Calves. Prime to fancy export bulls $3.60 3.75 Good to choice butcher bulls J.oOrä 3.50 Common to fair bulls S.SH 2.73 Fair to best veal calves 4.50' 6.50 Fair to good heavy calves 2.50tj 5.00 Representative Sales Steers.

No. Ar. TT.

Although the marketing of cattle continues of only fair volume, the trade evldentlv is being well supplied with practically all kind's, and the receipts of steers especially are fully up to the requirements. From the beginning of the week there has been an easier tendency In the steer department, and thla has finally culminated In a material decline in prices. Thus far this week the receipts of cattle are 500 smaller than the same time last week and 6C0 smaller than the corresponding time a year ago. The receipts yesterday were 300 smaller than a week ago, and show a tout the same change compared with a year ago. Receipts of stock for the first half of this week Indicate a slight change in hojjs and a decrease of iM cattle and nearly 10) sheep compared with the same time last week, and a flight change In hogs, a decrease, of over 60O cattle and little change In s-heep compared with corresponding time a year ago. The steer market was dull and lower yesterday, good female cattle were steady, sheep and lambs were steady, and the hog market was unevenly lower. 4The marketing of hogs continues of only fair volume, there being a slight decrease In the total thus far this week compared with the same time last week and the corresponding time a year ago. The receipts- yesterday were about the same as a week ago. but show a slight change compared with a year ago. Several loads of well-shaped heavy hogs sold as high as $5.60 yesterday, or at least 10c lower than Tuesday. Other sales of hogs averaging from 130 lbs and upward that were more or less on the mixed order ranged from $3.45 to $3.50, and there were comparatively few weighing as much as 200 lbs below $5.55. Combined receipts of sheep and lambs for the week thus far show a decrease of about 100 compared with the same time last week and little change compared with the corresponding time a year ago. Receipts yesterday were about the same as a year ago. 7 ELSEWHERE.

CORN MAKES GOOD GAIN

ARMOIR ULYING COXTINUES THE PRINCIPAL FACTOR IX CORX

Favorable "Went her Conditions Counterbalance Strength of Cnah Article in the Wheut 3Iarket.

X3 1373 USA 3 125 4 SO 6 1 4. SO 18 136: 4.S0 5 1131 4.73 32 1373 4.70 20 ..1343 4.65 H 1333 4.60 31 123 4.50 IS loys 4. 50 -17 1028 4 45 12....r:.r 12S3 4.40 5 ,;....1232 4.40 4 Sl 4.40 3 Feeders 833 4.25

& Feeders 860

No. Av. Pr. 4 1033 A4.25 7 Feeders 777 4.25

5 1154 4 1017 4 107O 4 12 6 Feeders 931 6 Stockers 33

4.23

Heifers. No. Av. Pr. No.

5 101 $4.50 12 4.40

5 MO 1 73(' 1) 83J 1 650

3 Stags 153

4 6 Feeders!. 3 Feeders... 3 Stocker.,

4 Storkers....

4.15 4.10 4.00 4.00 4.00 4.00 4.00

.1397 3.SÖ

.1035 . 691 . 690 , 43i

7 Stockers... r. 631

3.75 33 3. 75 3.50 3.23 3.00

4.35 4.23 4.15 4.10

Cows.

Av. Pr.

$10 $1.10

1 910 4.10 1 1130 4.10 2 m 3.75 1 610 3.30

CHICAGO, March CO. Cattle Receipts, 20,000, mostly 10c lower. Good to primp steers, $5.255.80; poor to medium, $3.50tf 5; stockers and feeders, $2.55411.25; cows, $1.7514.30; heifers, I2.25ft4.50: canners, $1.75f 2.60; bulls. $2 4.10; calves, $2.506.50; Texas fed steers, $ 1ft 1.65. Hogs Receipts to-daj', 44,000; to-morrow, 25,000; left over, 3.000; market 15c to 20c lower. Mixed and butchers, $5.305 5.52H; good to choice heavy, $5.40i5.55; rough heavy, .$3.20fi5.40; light. 5.15Tt5.40; bulk of sales. $2.251i 2.40. Sheep Receipts, 20,000; market steady. Lambs 10c to 15c lower; good to choice wethers, $4.755.45; fair to choice mixed. $3.505. W: Western sheejp, $4.50-05.45; native lambs, $4.50ff3.S5; Western lambs, $1.50 (Li 6.05. ' NEW YORK. March 30. Beeves Receipts. 2.1M). Medium and good steers 5c to 10c lower; common steady; bulls steady; medium to good cows steady to strong on light supplies: thin cows lower. Steers, $4.3505.25; bulls. $3'34.10: cows. $1. 3033.75. Cables quoted live cattle lower at HVifjllc, dressed weight; refrigerator beef. 7,,2Ti8c. Kxiorts to-day. 2,f) quarters of beef. Calves Receipts, 1.43. Veals active and 25c to 30c higher; all sold. Veals. $4.3; tops. $.23: little calves. $3.25?4. Dressed veals higher at 8012 per lb; country drfssed at 7ftlOljc. Sheep and Lambs Receipts, 3,205. Sheep almoHt nominal; lambs 13c to 23c lower. Sheep. $3.5"fi4.75; no prime here: culls. $3; lambs. $5.50 e6.60: clipped lambs, $5.25tt5.75; spring lambs, $3fi 5.50. Hogs Receipts, 5.548. Market firm. Good State hogs. $.101j6.15; choice medi.;m hogs, $6.25. KANSAS CITY, March 30. Cattle-Receipts. 7.500, including 200 Southerns. Market steady to a shade lower. Export and dressed beef steers Heady at $4.50-35.25; fair to ood 10c lower at $3.304.40; Western fed steers steady at $3.40 ?f4.40: stockers and feeders 10c lower at $3j4.25; Southern steers steady at $3.5n-54.i5"; Southern cows steady at $2.503.25; native cws steady at $24; native heifers steady at $3.254.30: bulls steady at $2.503.75; calves steadr at $2.75(76.50. Hogs Receipts, 9.500. Market 5c to 10c lower. Top. $5.23; bulk.of sales. $3.1Va524: heavy, $3.15 W5.25; packers, $3.105.22H: pigs and lights, $4.5) 6 5. 15. Sheep Receipt.. 4.500. Market steadv. Native lambs, V5.25ff5.73; Western lambs, $.".'95.85; fed ewes, $494. TO: yearlings. J1.60Q5.25; etockers and feeders. f2.5OJ4.50. ST. LOUIS, March 30. Cattle Receipts. 3,000, including 3M Texans. Market steady. Native shipping and export steers, $4.2595.40; dressed beef and butcher teert. $3.9535.2ö; steers under .V000 lbs, $3.9Ofz5.10; stockers and feeders, $3.3) (04; cows and heifers. tt.KftUO: canners, 12.10$ 2.5Ö; bulls. $34: calves. $4.5095.50; Texas and Indian steers. 3.35Jf 4.35; cows and heifers. 12.10 33.15. Hogs Receipts. S.00. Market lower. Piff

and lights. $4.Rö3.10: packer. Jö.lOQ'äo; butch-

Sheep-Receipts. 2.500. Market steady. Native muttons. $4.45f?5; lambs. $4. 7593.60; culls and bucks. 3.5C? 4.23; stockers, $2-&3. PITTS HURa, March 30. -The Ohio Livestock Commission Company reports receipts of cattle Iticht; market steady. Receipts of hogs. 1,5;; heavy selling at $3.85W 5.90, nierilum at $3.3596, heavy Yorkers at $5.95 76. light Yorkers at $5.9093.95 and pigs at $5.73 Jj 5. 80. Receipts of sheep and lambs, l.OflO; wool sheep selling from $5.30 down, clipped frcm $1.75 down, wool larr.bs from $6.33 down and clipped from $5.35 down. LOUISVILLE. March 30. Hogs The receipts to-day were 1.510 and for the three days 6.178. The market opened with a decline of 10c on 165 lbs and up. that class selling at $5.60; lights were 13c lower, all selling at $5.20; heavy pigs 5c lower at $4.83f?4.SO: little pigs were 10c lower at $4.25-j4.40. while roughs wer steady at $4 25 4.90. The pens were cleared, but the market closed very weak.

OMAHA. March 30.

No 1.:

1 1230 1 1140 1 KW 2 1140 . 1 1230 l 114) 2 1035 1 11 2 Cutters 1075

Av. Pr. .117! $4.10 .1401 4 00

4.0) 4.00 4. on 3.8.". 3.60 3.5 3.50 3.40 3.25

No. 1 Cutter 2 Cutters

3 Cutters..;.... 513 1 Cutter 910 1 Cutter 1100 1 Cutter 800

1 Canner.

1 Canner.. 1 Canner.. 3 Canners. 1 Canner..

Av. pr. . 930 $3.23 . 8M 2.1)

3.00 3.00 3 Oi) 3.00

. SoO . 900 .10S0 . 803 . 700

2.25 2.25 2.00 2.00

No. Av.

1 W) $3.60 J ItvTO 3. CO 1 1650 3.50 2 1110 3.3-)

-Bulls, Pr. No.

1 1

Av. Pr. .133i) $3.10

9.1) 3.00 12S5 3.00 1220 2.W

Kj. A v.

1 170 $7.00

1... 3...

Calves.

Pr. No.

3 m ..... 4. ...... 3

. 14

. 133 . 1H . 130 . list . 121 . 110 . 133

7.00

s.50 6.50

5. uO 6. ) 6.U0 .00

1.. 1..

Av. pr. . 115 $3.75 .. 10 5.73 .. 175 5.50

5.50

2 C. & Cf so u) 3 C & Cf 90.00 C". te Cf IKOO 1 C. & Cf 40.00

M0 1 1-

...... X'J

Sheep The receipts of sheep and lambs to-day were l-etter than they have been for the past few days and a greater variety of stock was lepresented. There were not enough of all kinds however, to establish an extreme range In prices" The market opened with the demand about as kood as might 1-e expx:te.i. connlderlng the num. lr on rale. With buyers Inclined to pay about steady prkes for all except spring lambs the tracing mas as acthe as could be expected under the circumstances, and a satisfactory clearance' was made In good season. The test wool lambs old at $5.50. others at $7.5o' 3.73, and clipped lambs at fS.43. There were not enough sheep to establish a ranjre In prices, but the good kinds roM as high as $4. As usual with the. advance of the season prices of spring lambs are 4Wclinlr.n. and sales to-day ranged from 17.50 3 j

ttle Receipts. R.00O.

Market steady to lower. Reef steers. $2.5095.15; cows and heifers. iZ.im'ai; stockers and feed

ers. jz.i.t4.2o; calves. $35.75.

Hogs Receipts. 12.fwv. Market 5c to 10c lower. Heavy. $5.05-(i5.13; light, $."f?5.15; pigs, $4.2595.

Mieep Receipts, ...ow. Market steady. Sheep, $2.75(35.50; lambs. $595.90. BUFFALO. March 30. Sadler, Huddleston & Co report receipts of hogs light; Ycrkers and mediums selling at $S.15fi6.20 and pigs at $6. Receipts of sheep and lambs. 12.W0; market 25c lower. Cattle market steady. CINCINNATI. March 30. Hogs quiet and lower at $4.2593.70. Cattle strong and active at S2.23Ji4.73. Sheep steady at $34.3ö. Lambs steady at $4.50fc6. THE MONEY MARKET. Rates on Loans, nntl Exchange Clearin rm and DUconnts. INDIANAPOLIS. Commercial paper, C per cent.; time loans, 52fi6 per cent. Indianapolis Clearings. Wednetday's clearings $947.5S0.13 Corresponding day last year 1.053.9SL55 balances 327,313.43 New York Hates. NEW VORK. Money on call steady; close. 14 91s pet" cent.; closing bid. 14 per cent.; offered at l1 ier cent. Time loans easy; sixty days, 3 per cent.; ninety days. 3 per cent.; six months. 3'iif4 per cent. Prime nxrcantile paper. 4Vy5 per cent. Sterling exchange firm, with actual Kncln.aii In hankri' Kills at ti W? .n;i Q- -

Hates Abroad. LONDON. Money, 3494 per cent.; discounts, 3 per cent. Consols, W 3-16äi6,1c. PARIS. Three per cent, rentes. , 93f S7ic for the account. Exchange on London, 25f 14c for Checks. BERLIN. Exchange on London. 20m 45rfg. Discount rates: Short bills, 3 per cent.; three months' bills, 3 rer cent.

Markets for Silver. NEW YORK. Bar stiver, 53?;c; Mexican dollars, 44c. LONDON. Bar silver. 25'id an ounce. Treasury Statement. WASHINGTON. Wednesday's statement of the treasury balances In the general fund, exclusive of the $150.000.000 gold reserve In the division of redemption, shows; Available cash balance $223.336,413 Gold 116.S7025

CHICAGO. March 30. Corn was the real feature of the grain markets to-day. It closed at a net gain of llrfVic. Oats are up 4c. Provisions are off 21 to 5c. Wheat left off practically unchanged. The sentiment In the corn pit was extremely bullish, due largely to the attitude of the Armour house. The big long was an active buyer of toth May and July during the entire day, and owing to such Influential support the majority of traders were loath to take the selling side. Small receipts and unfavorable weather for the movement were additional factors In creating a strong tone. Prices advanced gradually through the day, closing figures being at nearly the high point. July opened a shade to U'ic higher at 31Tic to 52c, and. after selling between 31"c and 539 33c, closed at 53c. May closed at 33iiS33"ic after ranging between 54Tc and 56c. Local receipts were 63 cars. Lower prices at Liverpool and rain throughout the gi eater portion of the Southwest caused an easy tone in wheat at the opening. July being a shade to !i&c lower at S7ls'Si 870. The pit crowd was quite generaly bearish on the favorable crop news from the winter wheat belt. In consequence there was little demand at the start. The market became still weaker on liberal offerings from commission houses. July declining to fw44c before any support was encountered. STRENGTH IN CORN AFFECTS WHEAT. Strength In corn soon began to be felt In the wheat pit, however, the market gradually becoming firmer. Prices advanced more rapidly when a rumor was circulated that a leading long

was buying heavily of old July wheat, purchases of 500.0U0 bushels being credited to this operator. Under the influence of the buying ascribed to hinT there was a scramble among early sellers to repurchase wheat. The dirnand was increased by the bullish cash situation here as well as in the Northwest and Southwest. Sales of cash wheat were made here at advanced prices, and the cash demand everywhere was said to be unusually good. A sale of loo.OOO bushels to Texas millers at 7c over export price was reported from Galveston. An offset to the strength In th cash market was the prevalence of rain in the Southwest. As the session drew near the close the numerous bearish reports from that section brought out liberal offerings, resulting in another reaction, July declining from 884c to S7,ic The close was about steady, with July at S7iSS7c. May sold between O-Ujc and 96c and closed at 95M.C Clearances of wheat and Hour were equal to 92.S0U bu. Primary receipts were 334.9)0 bu, against 35S.9O0 bu a year ago. Minneapolis, Duluth and Chicago reported receipts of 274 cars, against 277 cars last week and 210 cars a year ago. OATS RULE STRONG. Under the leadership of corn, and in. Sympathy with higher prices in the cash market, oats ruled strong. Shorts and commission houses were active buyers, but offerings were comparatively light, coming largely from scalpers. The close was strong and practically at the top. July opened a shade lower to a shade higher at 3SI2C to 'issc, and after selling between 38V2C and 33V. closed at S&SDc Local receipts were 56 cars. PROVISIONS CLOSE STEADY. A heavy run of hogs, with lower "prices at the yards, led to considerable liquidation In provisions during the early part of the session. The selling met with little response from buyers, and in consequence all products showed losses. Later the market became firmer under the Influence of strength In corn, much of the early loss being regained. The close was steady, with July pork 2'ic lower at $13.22,j. July lard closed at a loss of 2',fcc at $7.10, while ribs were down 5c at $7. The Board of Trade will be closed Good Friday. Leading futures ranged as follows: Articles. Open- High- Low- Closing Wheat ing. est. est. Mr. 30. Mr. 2f. May .... 93; 96 934 954 95"i July .. SSS M14 ssi, gsT, July .. 574 SS $i-4 $74 $7 Sept ... 82S S3-, S-Ma S3 S3 sl.nt- S-1 til. 11 eis-

Corn

May .... 64TB 56 July .... 51 53 Sept .... 51 52 Oats-

May .... 40i 4l 404 41, 404

54 55; 55 51". 53 51; 51 517i 51

334

32ft

July 384 39, Sept .... 32 ft 338 rork

May ..$12.93 $13.00 $12.90 $13.00 $13.07Vi July ....13.07a 13.224 13.074 13.224 13.25 LardMay .... 6.924 6.95 6.924 6-95 6.974 July .... 7.07 4 7.124 7.074 7.10 7.124 RibsMay .... 6.S24 6.S5 6.S0 6.8:4 (.90 July 6.95 7.024 6.95 . 7.00 7.03 Old. "New. Cash quotations were as follows: Flour was steady. Wl-.eat No. 2 spring. 92c9$l; No. 3. SSc4j$l; No. 2 red. 934c9$1.01. Corn No. 2. 55ic; No. 2 yellow, 54955c. Oats No. 2, 414fJ41&,c; No. 3 white. 42V'i4lc. Rye No. 2. 71c. lJarley Good feeding. 3$1i33c; fair to choice malting, 45955c. Flaxseed No. 1. $1.09; No. 1 Northwestern. $1.134. Clover, contract grade. $10.25. Mess Pork, per brl. $12.95913. Lard, per loo lbs, $6.83 96.S74- Short rib sides (loose). $6.62496.75. Short clear sides (boxed), $7.2597.50. Whisky, basis of high wines. $1.28. Receipts Flour, Sl,3"0 brls; wheat, 42.300 bucorn. 135.400 bu; oats. 303,700 bu; rye, lo.ooo bu; barley. 92.400 bu. " Shipments Flour. 29.2i brls; wheat, 43.500 bu; corn, 64,200 bu; oats, 153,800 bu: rye. 700 bu; barley, 31.700 bu. Local Caab Markets. Wheat quiet; No. 2 red, $1.02 track, $1.02 on milling freight; No. 3 red. 98c track; March, $1.02; April, Sd; wagen, gl. Corn stronger; No. 2 white. 47ic; No. 3 white. 47';c; No. 4 white, 44c; No. 2 white mixed, 47c; No. 3 wh!..- mixed. 47c; No. 4 white mixed. 4lc; No. 2 yellow. 47c; No. 3 yellow. 47c; No. 4 yellow, 444c; No. 2 mixed, 47c; No. 3 mixed, 47c; No. 4 mixed, 4lc; ear, 46c. Oats quiet: No. 2 white nominal. 42c; No. 3 white nominal, 41c; No. 2 mixed, 40c; No. 3 mixed, 40c. Hay steady; No. 1 timolhy, $12.50; No. 2 timothy. $11: wheat straw. $5.50. Inspections Wheat: No. 2 red. 1 car. Corn: No. 2 white. 1 car; No. 3 white, 5; No. 3 mixed, 3; total. 10 cars. Oats: No. 2 mixed. 1 car. Hay: No. 1 timothy, 1 car; No. 1 clover mixed, 1; total, 2 cars. WAGON MARKET. Whoat-fl.OL. Corn 57'? 60c. Oats Sheaf, $Sf?10; shelled oats. 39945c. Hay-Clover, $S93; timothy, IU13f mixed, $10 &11; millet. $8. NEW YORK MARKET. NEW YORK. March 30. Flour Receipts, 33.923 brls; exports, 7.673 brls. Comparatively firm with a fair trade. Winter straights. $595.20; Minnesota patent. $3.20. Rye flour dull. Corn meal steady. Rye dull. Barley quiet. Wheat Receipts, 2.925 bu. Spot market easy. No. 2 red, $1.06, nominal elevator; No. 2 red, fl.07.fi 1.10. nominal f. o. b. afloat: No. 1 northern Duluth. $1.0. nominal f. o. b. afloat; No. 2 hard Manitoba, nominal f. o. b. afloat. Options were Irregular all day. at times lather weak and again very tlrm, according to crop news from the Southwest. Most of the time, however, prices wtre under latt night. Small receipts, a good cash demand and the corn strength was leading bull factors. The close was steady at a partial 4c net decline. May. 'jSVs'as'S'iic. clos d at aSc; July, 92 13-16tJ 3379c, clusvd at DCc; September, b44iS3,ikC. closed at S.'c. Corn Rcctpts, 41.925 bu; sales. 21.000 bu. futures. Spot firm. No. 2 nominal elevator, 554c f. o. b. afloat: No. 2 yellow, 38c; No. 2 white. 37c. Option market was dull and featureless all day. hol-Ilnj? tlrm with the West and closing 41il4c net higher. May, 334960c, closed at 6e; July, 56Vii37"c, closed at 37Tnc. Oats Receipts. S4.000 bu. Spot steady. No. 2 oats. 46c; standard white, 47c; No. 2 white, 474c; No. 3 white, 47c. liay quiet. Hops steady. Hides firm. Leather steady. Wool firm. Cnal nominal. Btef quiet. Packe., fioftll: cut meats dul'. Lard easy. Western steamed, $IUH; refined easv; contlnert. $7.40. Pork easy. Short clear, $14.73 916: mess. $14. 75'?7 15.25. Rice dull. MoIasre3 firm. Coffee Spot Rio steady. No. 7 Invoice. 60; mild steady. Sugar Raw firm. Refining. 3 3-32c: centrifugal. 9? test. 3 21-32; molasses suar. 2 29-32c. Refined firm. COFFEE FUTURES. The market for coffee futures opened steady at unchanged prices to an advance of 5 points on a light demand, promoted by steady cables and continued light Brazilian receipts. Later offerings became heavier, however, partly for the account of importing Interests apparently, while there seemed to be some selling for the long account. The clofe was quiet at a net decline of 3 and 10 points. Sales were reported of 60.500 bars. Including May at 5.55'i5.6c. June at 5.70c July at 3.7ii5.75. S-ptembr at CUS.OZc, November at 6.25c, December at 6.23&6.25c. TRADE IN GENERAL.

ST. LOUIS. March 30. Flour dull; red winter patents. ti.yvnZ; special brands 20c to 25c higher; extra fancy and straight. $4.6i94.R3; clear, $4Ti 4.25. Timothy seed higher at $2.3092.75. Corn meal steady at $2.40. Bran dull; sacke,! east track. S0'ji3c. Wheat higher; v No. 2 red, cash, elevator. $1.01ic; track. $Kjl.074; May. Kc: July. 83c; No. 2 hard. 93?95c. Corn higher; No. 2. cash, 434c: track. 46 4c; May. 47sc; July. 4! 4c. Oats higher; No. 2. cash. 43c; track, 43UcMay. 41c: July. 2S493S4c: No. 2 white. 46Üc. Hay steady; timothy. $JTil4: prairie. $7iil0. k Whlky steady at $1.324- Iron cotton ties. 82c. Bagging. 64c Hemp twine. 6c. Pork lower; Jobb lug. $13.10. Lard lower; prime steam, $6.50.

Paeon steady; boxed, extra sh'orts. $7.73; clear ribs. $7.75; short clear. $3. Receipts Flour. 6.0-0 brls; wheat. 15.i)0 bu: corn. So.aM bu; oats. 21."0 bu. Shipments Flour. 10.000 brls; wheat, 87.000 bu; com, 55.0V0 bu; aus, 33. 0 bu. KANSAS CITY. March 3'. Close: WheatSlay. S7?c; July. 7Sc; cash. No. 2 hard. 9"f? c; No. 3. 9-T; No. 2 red, $1.05; No. 3. $1.02. Corn-May. tfl6",e: Julv. 43915Tsc: cash. No. 2 mixed. 46Uc; No. 3. Hi'ic; No. 2 white. 4Gc; No. 3. 46c. Oats No. 2 white. 4c; No. 2 mixed. Sc. Rje stes.dy; No. 2. Hay Choice timothy. $1: choice; prairie. $7.30)i7.73. Receipts Wheat, 7.3i0 bU; corn. 1!.20 bii; oats. 2.i"0 bu. Shipments Wheat. 77.fft bu; corn. 20.SX bu; oats. 14.000 bu. CINCINNATI. March SO. Fiour steady. Wheat firm: No. 2 red. $1.071. OS. Corn firm: No. 2 mixed, .V;ü504c. Oats quiet: No. 2 mixed. Al'ii 424r- Rye steady; No. 2. 7Cu7S.c. Iird quiet at $:5.50. Pulk meats qule-r at $7. Bacon steady at $v25. Whisky Dirtllers finished goods quiet on basis of J1.2S. Sugar eary. DULUTH, March 3'). Wheat To arrive. No. 1 hard, '.i4c; No. 1 northern, 'jlc; No. 2 northern. !'44c: in store. No. 1 hard. 94c; No. 1 northern, ic; Ni. 2 northern. Sl'-c; May. 97c: July, 97'; September, 834c Oats On track and to arrive. 4 C. TOLEDO, March 20 Clover seed Close: Cash and Much. $6.324 Md: April. $6.174: October. $5.45. Pri:no alslke, $6.13. Prime timothv. $1.33. Wheat-May. $1.01; July, ?0c; cash. $1.0:4. MINNEAPOLIS. March 30. Wheat May. 97c; July. 97c: September. Ml4c: on 4 rack. No. 1 hard. W'c; No. 1 northern. 9SSc; No. 2 Northern. 93"c. LIVERPOOL. March 30. Wheat Spot dull; No. 1 California. 7s. Corn Spot quiet: American mixed .new. 4 14,1; American mixed old. 4s 64d. BALTIMORE. March 30. Close: WheatMarch. $1.5: May, $1.3. Corn March, 52l;c; May. 52Vl52fi8c. MILWAUKEE. March 30. Barley dull; No. 2, 62'j63c; sample. 3Sii5?c. Poultry, Iluttcr nnd EggH. NEW YORK. March 30. Poultry Alive weak, with prices unsettled. Dressed steady;" Western chickens. 12f13c; fouls. 149144c; turkeys. Western young hens. lJ917e. Butter Receipts, 5.521 packages. Market firm; extra fresh creamery, 23e: creamery, common to choice 15. 24c; State dairy, 12q21c; held creamtry. 14921c. Cheese Receipts 3.513 packages. Market steady; State full cream, fancy small and laige colored and white, September. 12c; late made, 10c. Eggs Receipts. 9.43S packages. Market firm; State and Pennsylvania near-by. average finest, -c; State and Pennsylvania firsts, l&4c; Western firsts. 134c. PHILADELPHIA, March 30.-Butter firm and In pood demand: extra Western creamery, 254c; extra near-by prints. 25c. Ke?s steady and in fair demand; fresh near-by and fresh Southwestern. !te at the mark; fresh Western. 194c at the mark: fresh Southern. 183c at the mark; fresh duck eggs, 30fi;;c at the mark; fresh goose egg3, S0TiS5c at the mark. Cheese steady; New York full creams, choice to fancy. lOfzilc; New York full creams, fair to good. 10gi04c. CHICAGO, March 30.-On the Produce Exchange to-day tho butter market was steady; creameries. 14fi244c; dairies. 124921c. Etrsrs Armer at lS'ifjHc at the mark, cases Included. Cheese easy at lOfillc; Americas. 11c. Poultry Alive steady; turkeys, 12c; chickens, 13c. ST. LOUIS. March 30. Poultry firm; chickens, 114e; spring. J3T3.30 per doz: turkeys. 12'S14c; ducks. 12c; geese, 6'i7c Butter In fair demand; creamery. 20r234c; dairy, 15913c. Eggs higher at loc. case count. KANSAS CITY. March 30. Eggs steady; fresh Missouri and Kansas stock. 144c cases returned; new No. 2 whitewood casse Included. 134c. Butter Creamery, 20922c; dairy, 17c. CINCINNATI. March 30. Eggs firm at 17c. Butter steady. Poultry firm; hens. 124c; springs, 134c; turkeys. 13fil4c. Cheese steady. BOSTON. March $0. Special. Poultry steady; fowls. 13911c; chickens, ltgiöc; turkeys, 1719c. Eggs( 134c

Oils'. OIL CITY. March 30. Credit balances. $t.6S. Certlfl:itts no bid. Shipments, 38,247 brls, average. 62.794 brl3; runs. S4.4.1J brls. average. 74,621 brls; shipments Lima, 73.829 brls. average, 66.521 brls; runs Lima, 55.155 brls. average. 52.700 brls. SAVANNAH. March 30. Spirits of turpentine dull at ,57c Rosin firm- A, B. C. D. $2.50; E. $2.60: C. $2.65: H. $2.70; I. $2.95; K. $3.30; M. $3.35; N, $3.50; window glass, ; -.70; water white, $4.05. WILMINGTON, March 30. Spirits of turpentine dull at 54c. Rosin. rotMng doing. Tar firm at $1.70. Crude turpentine firm at $2.50 to $3.75. NEW YORK, Match 30. Tallow dull. Cotton seed oil quiet. Petroleum easy. Rosin steady. Turpentine steady. MONTPEL1ER. March SO.-Crude petroleum strong. North Lima, $1.19; south Lima and Indiana. $1,14. CHARLESTON. March 30.-Spirits of turpentine and rosin nominal.

Dry Goods. NEW YORK; March 31. Buying of dry goods has been confined to very small proportions, buyers being interested only in goods for immediate delivery or in fall goods, which are alwavs bought early. Price irregularities are reported, but these do not appear productive of much Increase! activity.

Cotton.

NEW ORLEANS. March 30. Cotton quiet; sales, 513 bales. Ordinary, 12 9-16c: good ordinary. 13 7-Sc; low middling. 144c; middling, 147ic; good middling. 15 3-16c; middling fair, 15 9-16c. Receipts. 4,673 bales; stock. iS7,114 bales. NEW YORK, March 30. Cotton-Spot closed dui! and 25 points higher; middling uplands, 15.15o; middling gulf, 15.4"'c. Sales, 1,552 bales. Wool. ST. LOUIS. March 30. Wool steady; medium grades combing and clotu' ig. 18922c; light fine 15Q174c; heavy fine. 129114c; tub-washed, 26 v Metnls. ST. LOUIS. March 2 Lead steady at $1.424 Spelter firm at $4.974. LOCAL SECURITIES. "Wednesday's Sales. 100 Shares Consumers Gas Trust at lSO

Offlclnl Quotations.

STC KSAmerlcan Central Life Ins. Co American National Rank Atlas Engine Works pfd Belt Railroad common Belt Railroad preferred lirown-Keteham Iron Works pfd.... Capital National Hank Central Trust Co t Climax C. & B.T. Co Columbia National Bank Consumers' (ins Trust Co Delaware & Madison Co. Tel Federal Union Surety Co Home Brewing Co Indiana Hotel Co. pfd Indiana National Bank Indiana Title Guar. &. Loan Co Indiana Trust Co Indianapolis Abattoir pfd lndpls. & Martinsville R. T. Co Indianapolis Fire Ins. Co Indianapolis Gas Co Indianapolis c Eastern Ry. Co Indianapolis & Eastern pfd Indiana Union Traction Co Indianapolis Street Hallway Indianapolis Traction & Terminal.. Law Building" Marlon Trust Co Merchants' National Bank Midland Portland Cement common. Midland Portland Cement pfd New Telephone

New Telephone rights

New Telephone Long Distance....

People s Deioslt Bank Rauh Fertilizer pfd Security Trust Co f Union National Bank Union Traction common Union Traction pfd....

Union Trust Co....

Van Camp Hardware Co. pfd Wasson pfd

BONDS Broad Ripple fives Citizens' Street Railroad fives Delaware X: Madison Co. Tel. fives... Home Heat. & Light. Co. fives Indiana Hotel sixes Indiana Vnlon Traction fives Indpls.. Col. & Southern fives Indianapolis & Eastern Indpls. & Greenfield R. R. fives Indianapolis Gas Co. sixes Indpls. & Martinsville R. T. fives Indpls. Northern Traction fives Indpls. Street Railway fours Indpls. Water Co. fives t Kokomo Railway Sc Lluht Co. fives... Merchants' Heat & Light Co. fives... Midland PorilanH Coment fives New Telephone first fives New Telephone second fives New Telephone, Long Distance fives.

Union Traction of Indiana fives.

Bid. .. 85 .. 152 .. 1'4. .. Ill .. 113 .. 104 iso" .. no ..On) t .. 117 .. 4S .. 215 .. 60 .. 161

113

.. 90 .. 12 .. 85 .. 35 .. R0 .. 220 .. 1M

iio"

,. 100 ,. 104 .. 314 .. 70

100

90 106

95 iöö"

104 S3 8) SO 100 9ft 4 1024 S7U 714

With interest. No bid or ask quotation

THE COTTON MARKET.

Ask. 106 vi 106 4 118 "so" 115 150) 47 95 55 22S 7l "ioT 50 143 75 51 98 15 8S4 37 S3 223 "43" s4 "50 115 102 101

734 221 107 105

110 90 100 101 75 102 ioo; 103 1054 10 8S S2 1014 101 103 95 914 ?2 85 97

NEW YORK, March 30. The cotton market opened steady at a decline of 5 to 12 points, and soli down a few points In some Instances on the call under liquidation and a renewal of pressure from local bar Interests. The Initial declines were In keeping with the disapjiointing Liverpool cables. Futures abroad were only a little below expectations, but reports of an indifferent spot demand In the English market attracted some unfavorable comment, and perhaps increased th disposition to get out of long cotton for o'ver the holiday. Scon after the opening, however. It develoied that there was a very fair demand at the decline, led apparently by houses with Important New Orleans connections. This and the fact that the very light receipts promised for the day restricted celling for .hört account and rallied the market to a net gain of about 15 to 13 points on the active months, with May selling up to 14.94c and July 13.16c The general run of reports from the South, as opined to the light movement, told of a very rmall demand for siot cotton, and this leading to more liquidation, the market in the afternoon bepan to sag off. without, however, declining to the previous low level of the day. The" late trading was more or lew Irreeular. but prices were finally steady at a net advance of 2 to 8 points -on the old crop months, while the new crop was 5 tp 7 points net lower under liquidation. Sales were only 250.00O hales, reflecting chiefly the evening up of acctrufrts for over the holiday aside fron; the operati- noted at the opening! Receipts are running considfrablr hehin.i

1 pectatlons.

WALL ST. STILL IN DARK

XOTHIa DKFIMTK KNOWN OF IXIOX PACIFIC DÜVING.

Flnnncial District .Seems to üeljeve, However, that Most of the Duyintf Is 1- St. Paul Interests.

Sales of stock, shares Corres por.'". in Jay last year HalfS to dato this yar To corresponding day last year

730.0V) 463.700 32.773,40 42.16J.8Ö.J

NEW YORK. March 30. There was practically no limit to the surmise and conjecture with which professional Wall street indulged itself to-day over the hiddm significance of the accumulation of Union Pacific stock, which has ben the mystery In the market now for many days. The favorite hypothesis at the outset to-day was that the accumulation was in the interests of the St. Paul interests, and it was asserted with every appearance of conviction that a statement would shortly be forthcoming from the St. Paul authorities that they had secured 200.000 shares of Union Pacific. ' What gave plausibility to this rumor was the admitted anxiety felt by St. Paul interests at the time of the Burlington purchase ever the comparative Isolation in which the St. Paul system would be left. The making of surveys looking to extension of the Union Pacific and the proposition for the issue of $25,000.000 additional St. Paul stock are matters of public record. It Is a matter of commoif notoriety also that relations between St. Paul and Union Pacific in the interchange of traffic and of common ownership of stock are already close. But the as sumption that lf-protection necessitates such action by i?t. Paul presumes a similar necessity on the part cf all the Pacific and transcontinental railroad systi-ms for a control of through facilities from a trunk line terminus on the Pacific coast. Hence the rise In St. Faul was logically accompanied by strength In Atchison. Missouri Pacific and others fituated In like manner, and floods ol new rumors extended the principle Illustrated in St. Paul's supposed purchases of Union Pacific. One variation, of the rumor was that the buying was for the Gould interest, rather than for St. Paul. The enormous capital requirements for such an Interchange of ownership did not seem to. affect the credence given to rumors. Other factors had only a small influence on the rise in prices. Cheerful reports were heard of the coal trade, but reduction In prices of anthracite to go Into effect on April 1 Is expected to stimulate demand. Those who sold United States Steel preferred on the fear that tne dividend is to be reduced seemed to feel reassured to-day, and that stock recovered its yesterday's decline and held better than the average. Speculative confidence over the reliability of some of the stories current to account for the rise was decidedly impaired as the day progressed, and during the final hour the level of prices touched represented a cancellation of the best part of the earlier gains. The persistent pressure urn Union Pacific and Southern Pacific, which was ignored during the fortnoon, gained additional impressiveness. Those t'Ao stocks ranged below yesterday's last prices throughout. Union Pacific's loss on the day Is a flat point, and Southern Pacific is . The market closerl Irregular and near the lowest. Bonds were steady. Total sales, par value, $2,165.000. United States bonds were unchanged on call.

Trading at London More Aetlre. LONDON. March 30. Business on the Stock Exchange had a better tendency with the satisfactory conclusion of the settlement, though the coming French settlement Influenced Internationals. Those in which Tarls is Interested were active. Consols and home rails were firm. Americans opened irregular and Improved to above parity, especially Atchison. Topeka & Santa Fe. The operations were moderate and they closed firm. Foreigners were strong, except Japanese. Kaflirs hardened. Money was In keen demand to-dav. There have

I been considerable borrowings from the Bank of PEnglandj recently, still the impression prevails

inai me monm-iurn rates lor money wm vxceesively easy.

. Sales and the range: RAILROADS

Atchison Atchison pfd .

Baltimore & Ohio B. & O. pfd Canadian Pacific Central of New Jersey.... Chesapeake & Ohio Chicago & Alton C. & A. pfd Chicago Great Western.. Chicago & Northwest Chi.. Mil. & St. Paul C. M. St. P. pfd Chi. Term, and Trans.... Chi. T. and T. pfd 0s it- X-

Colorado Southern

C. S. first pfd..

C. S. second pfd Ielaware & Hudson Del.. Lack. & West.: Denver & Rio Grande.... D. & R. G. pfd Erie Erie first pfd Erie second pfd Hocking Valley Hocking Valley pfd Illinois Central Iowa Central

Iowa Central pfd Kansas City Southern.... K. C. S. pfd Louisville & Nashville... Manhattan L Met. Securities Met. Street-railway Minn. & St. Louis M., St. P. & S. Ste. M... M., St. P. & S. S. M. pfd. Missouri Pacific Mo., Kansas & Texas.... M.. K. & T. pfd Nat. R. R. of Mex. pfd.. New York Central Norfolk & Western N. & W. pfd Ontario & Western Pennsylvania P.. C, C. & St. L. ....... . Reading Reading first nfd Reading second pfd Rock Island Co Rock Island Co. pfd t. L. & S. F. 2d pfd St. Louis Southwestern... St. Louis Southwest, pfd. Southern Pacific Southern Railway Southern Railway pfd.... Texas & Pacific

Tel.. St. Loula & West...

T.. St. L. A W. pfd.. Vnlon Pacific

High- Low- ClOS. Sales, est. est. Bid.

84.500 734 4.10) 92 15.900 804

71 914 , 79 V

1,000 115 im;

724 80 83 115

200 154 157 4 15

2.300 324 32, 32 200 354 38 3S s-C J J 1.S00 15 15 154 4- 171 1717s 171 SS.80O 146 1444 1444 100 1754 1754 1744

600 100 9-10 100 700

.. . 19 764 164 52 23

2,000 154

3o0 200 15,500 800 300

20 69 26 64 41

194 76 16 524

23 23 152 153

265

194 76 15 52

1,700 131

ni s t

67 2' 64 4Hi

.... 80 130 130 .... 13

20 69 26 63 41

Wabash

Wabash pM Wheeling & Lake Erie...

Wisconsin Central

Wis. Central pfd

EXPRESS COMPANIES

Adams American United States

Wells-Fargo

MISCELLANEOUS Amal. 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. Linseed Oil. pfd American Locomotive ... Am. Loco, pfd Am. Smelt, and Rcfln.... Am. S. and R. pfd American Sugar Refin.... Anaconda Mining Co

33 200 20 20 1S4 3o4 6.100 108 107 107 900 143 142 142 4 s 1.200 1124 111 111 0 100 634 634 f&K .... .... .... k w 39, 100 84 S3 93 700 1S4 17 17 200 33 33 33 i . J 3,100 118 1174 117 700 584 58 8 3,200 22 21 21 45.400 119 11S 118 100 60 60 60 36,600 43 44 44 100 79 794 78 200 60 60 59 10.100 234 22 22 2,300 634 62 62 500s. 45 454 45 100 134 134 13 300 34 4 34 334 4S.000 50 4314 4S . 6,600 22 22 22 00 S3'm 834 S3 , 3.2O0 24 24 24 . 200 25 23 25 100 354 35 35 .135. 5"0 87 S5 5 , 1,500 93 914. 914 700 19 19 19 . 1.2v 38 374 37 200 17 17 16 100 18 1R 18 100 40 40 404

Texas Pacific firsts Toledo, St. Ixtuis fe Western fours Union Pacific fours Union Pacific conv. fours United States Steel second fives... Wabash firsts Wr.hash Deb. B Whet Uns & Lake Krle fours Wbconsin Central fours Colorado Fuel conv. fives Offered. UNITED STATES BON United States refunding 2s. reg.... United States refunding 2s, coup United States 3s. ng United States 3s. coup United States new 4s, reg United States new 4s, coup United States oll 4s, reg

Lnittd states eld 4s, coup..

.1K ,. 6:4 ,.103 ,. 94 . 74 ,.116

14 S7 S3lj 70

.105 .105

Time and Money Hy I'IIH RLL OF US.

Ä ! 'iojo &

.107 .10S

Chlrngn Stocks. By A. R. Thompson & Co.'s Wire.

STOCKS American Can American Can pfd Diamond Match National Biscuit National Biscuit pfd... Swift & Co United Box Board United Box Board pfd.. No sales.

Open- High- Low- Closing, est. est. lor. .. 44 4 44 44 .. 56 3'". 36 C6 .. 1294 1294 1294 !- .. 43 44 43- 43 .. U4 104 103 103 .. iov 100 1004 1004 !. i5 16" 15 is

te'

20 100 132 1S8 188 33 UO) 23.800 50 43 49 19 a 1Q0 72 72 72 r 29 Vft SI 1.600 7 7 7 100 28 27 27 2S' S)0 214 21 21 200 S2 82 82 43 200 93 93 92 26.100 128 1262 127 10.500 44 43 43 28 40) 19S l'JS 197 2.200 13 13 13 69 24 300 166 1C5 163 11 64 200 37lj 37 35'j 103 73 75 75 14 S3 5o0 2S 27 27 2,10) 94 97 97 200 29 29 284 2 300 210 209 203 I 200 434 43 424 19

,V0 2 100 100 5.0 200 5OO 6.3T0 59,700

2 7 78 C 50 13 11 58

3S 7 7S 54 45 134 o4 11 57

Col. Fuel and Iron

Consolidated Gas Corn Products Corn Products pfd Distillers Securities General Electric International Paper Inter. Paper pfd International Pump Inter. Pump pfd National Lead North American Pacific Mail People's Gas Pressed Steel Car......... Pressed Steel Car pfd Pullman Palace Car Republic Steel Republic Steel pfd Rubber Goods Rubber Goods pfd Tenn. Coal and Iron United States Leather.... 17. S. Leather pfd United States Realty IT. S. Realty pfd United States Rubber 17 S. Rubber pfd United States Steel IT. S. Steel pfd Westlnghouse Electric .. Western Union

RAILROAD BONDS Atchison adjustment fours Atlantic Coast-line fours Baltimore & Ohio fours Baltimore & Ohio three-and-a-halfs

Central of Georgia fives Central of Gecreia first inc ,

Chesapeake & Ohio four-and-a-haIf... Chicago & Alton three-and-a-halfs Chi.. Bur. & Quincy new fours Chi.. Mil. & St. Paul gen. fours...!.... Chicago & Northwestern consol sevens C, R. I. & P. R. R. fours C, R. I. & P. R. R. col. fives C. C. C. & St. L. gen. fours Chicaco Terminal fours Consolidated Tobacco fours Colorado Southern fours Denver At Rio Grande fours Erie prior lien fours Erie general fours . Fort Worth & Denver City first Hocking Valley four-and-a-halfs louisvllle & Nashville unified fours.... Manhattan consol gold fours Mexican Central fours Mexican Central first inc Minn. & St. Ixuls fours Missouri. Kansas fc Texas fours Missouri. Ksnsas & T-xas seconds

Natlrna! Railroad of Mexico consol fours.

100 ts& ss

774 3.8 6 .-4 6 50 13 54 114 58 153 S8

.... 88 .... 324 1 '2 .... 94 A

CS in 1 77 93 Pj7 123 70 78 IO04 80 53 -4 974 97 1054 1034 9S 1034 64 13 95 93

New York Central gen. three-and-a-halfs.... 97 New Jer-y Central general fives 123 Northern Pacific fours p Northern Pacific threes 71 1 Norfolk & Western consol fours 98 orepon Short-line fours and partic 944 Pennsylvania conv. three-and-a-halfs 96 Reading general fours St. Louis & Iron Mountain consol fives 114 St. Ixuis and San Fran, funding fours 82 St. Louis Southwestern firsts ?44 Seshoard Air-line fours $3 Southern Pacific fours 89 Southern Railway fives J13

BROKERS' VIEWS ON THE STOCK MARKET

tA. W. Thomson. NEW YORK, March 30. The London markets showed a confident tone' for Americans. The market here opened strong, with a heavy volume of trading, and maintained its strength up to the noon hcur. St. Paul was the feature, scoring a 2point advance, but most of this was lost In the last hour, when a reaction s?t in. It was brought about largely through profit taking. Atchison, on large transactions, scored an advance of 2 points, but followed the others In losing rart of the gains made in the forenoon. Interest centered largely in the Pacific stocks, but the Gould Issues, as well as the trunk lines. Joined in the upward movement of the forenoon, and all scored advances of from 1 to 2 points. It is but natural that after such pronounced strength as the market has shown recently some reactions should be made on profit taking, but we believe that the market will be influenced largely by the action taken n the dividend on United States Steel Corporation at next Tuesday's meeting of the board. If full dividend is. declared, we look for an advance all through the line. If. in the meantime, the forces who have engineered the advance in Union Pacific and other issues will possibly halt in attempting to swing the market very much further, pending the result of the board meeting in United States Steel. Meyer & Klser. NEW YORK, March 30. Taking the day's market as a whole It was strong, comparatively active, and sentiment was decidedly bullish. The strength of the market was largely a reflection of the continued advance of St. Paul. That stock was strong throughout the day, and its occasional setbacks were rot serious. News developments were not particularly Illuminating, but the belief still holds that St. Paul stock Is benefiting by the accumulation of Union Pacific stock by Interests closely identified with St. Paul affairs. Conferences have been going on for a week between representatives of Union Pacific. St. Paul and Chicago & Northwestern. There Is complete harmony between the three companies. Dally conferences are going on between representatives of the Harrlman. Kuhn-Loeb. National City Bank and Rockefeller interests to decide what Is the best plan for protecting their position and enforcing their demands in the Northern Securities matter. There seems to be no chance of an agreement on the plan already promulgated. We hear from an Influential source that there is a strong probability of some deal being brought out by the Harrlman interests, and it is possible that Atchison may be involved. There have been certain developments that warrant this belief, but we cannot discuss them In detail yet. Undoubtedly the most active stock to-day was Union Pacific, but that security scored a substantial decline for the day's operations. It was actually weak at times, but the offerings were taken easily. Southern Pacific was affected sympathetically. Atchison was active and very strong, giving emphasis to the rumor that there is some development pending In that stock. Missouri raciflc was another very active stock, and It was very strong. The Steel stocks held well, and the preferred showed a good advance. American Sugar, was notably strong also. London bought about 30.000 shares on balance, and the trading reflected bullishness on the other side. There was some good buying of Pennsylvania, but it suffered a setback in the afternoon trading. While the general gossip of the street is to the effect that the full dividend will be paid on Steel preferred, we predict with the utmost positlveness that the dividend will be reduced to 5 per cent, at least, and probably to 4 per cent. This is the view taken by the finance committee, and there Is no reason to dotibt that It will prevail with the entire board. Time money Is quiet. Sterling exchange Is strong. Porterfleld & Co. NEW YORK, March 30. Stocks opened steady, under the influence of London's higher market, and a general better feeling abroad in all departments. Union Pacific, on large transactions, sold at 87 on the opening, but there was profit taking on the bulge, and It failed to hold the early advance. St. Paul, after opening at 142. sold up sharply to 146. Pennsylvania sold up to 113, Copper to 50. Atchison a point and a half. Sugar was very strong. In fact the latter two appeared to be the mainstay of the entire market, which develojted a very reactionary tendency after the first bulge. After the noon hour the center of Interest was manifest In the Industrials, which came to the front while the railroads were neglected and sagged. In the final trading there was a rally from the low, which. In some- Instances, amounted to 4 of a point or so. But the close was rather top-heavy, and would not be surprised to see a lower range of prices In the morning. Considering the great advance In some of the stocks a break of & few more points would not be out of proportion. On recessions would buy stocks, especially Atchison. A. R. Thompson & Co. NEW YORK, March 30. Closing; with a strong; undertone to-day, the stock market, which was subjected to bullish operations all day, promises to advance further to-morrow along specialty lines, with some Irregularity. There was a broader market to-day and a larger outside interest in it, judging from our various reports. The short Interest In a number of stocks. Including Pennsylvania, Is becoming very much worried. Were it not for the policy noted on the part of the large Interest to check any tendency to wildness, the bears in United States Steel preferred and Pennsylvania might have to pay dearly. We believe that tbe movement in St. Paul. Cnlon Pacific and Atchison has not ceased, and recommend their purchase upon any reaction. There is something big doing in St. Paul, according to insiders. There was bull talk on Erie late in the afternoon. The specialists started the movement In Sugar to-day, and we believe It will advance considerably higher. There was excellent buylnsr In Missouri Pacific by the Goulds, and we expect to see that stock cross par in the near future. The truth of the statement made by several conservative houses that there was a marked Increase In outside interest was proved by the facility with which the market on the Consolidated Exchange absorbed large blocks of stocks. We understand that some of the large banks have millions of dollars of unloanable funds in their vau'.ts. They are considering a reduction in Interest rates on deposits left with them by Interior Institutions. We refer to this as demonstrating the great. ease In the money market. It proves that absolutely no apprehension may be felt over gold exports, which are Imminent. This plethora of monev is forcing Investment in high-grade securities, and such a condition cannot avoid operating for enchancement of security values. There is not likely to be anv disturbance in the money market over the payment of $22.000.000 April dividend disbursements. The street is toid to watch for a sharp upward movement In Copper at any time. If the stock enters new territory by crossing 51. we

Dcneve 11 win go to tj in snort order. GENERAL FINANCIAL NEWS. The concentration in the ten special depositary banks of the 2D per cent, of United States deposits withdrawn from banks outside of Ntw York was completed last week. On account of th average system, the increase In United States deposits here d'd not fully appear in Saturday's bank statement, but will be shown In the next statement. As was expected, the greater part of the United States deposits were simply transferred on the books of the depositary banks from the accounts of their correspondents to the credit of the treasurer of the United States To nearly all of the depositary banks this means that accounts upon which Interest was iald have been converted into accounts upon which no Interest Is to be paid, and which will not be drawn upon before May 1. and perhaps not until some weeks later, according to the time required for transferring title of the Panama canal to the United States. The surplus of the banks is now only six millions less than at this time In 1S.'S. when cash was leing accmulated through the recall of American credit from Europe in preparation for the Spanish war; and is twelve millions greater than at any time In 1S39. It Is more than three times as large as at this time Jr. any one of the Intermediate years. If It wtre necessary to send at once to Paris In gold one-half of the canal payment, without waiting for the treasury to issue the warrants, the surplus remaining would exceed that reported on March 2S, 1303, iy more than $1.0oo.0v. .The outlook, therefore, is for a continuance of ease In the money market 0 far as the Immediate future Is concerned. It Is possible that, after the French court has decided that the points were not well taken which were raised by the republic of Colombia against the transfer of the Panama canal to the United States. Paris bankers may draw upon New York for gold in antici-

Call and get cne cf cur Sanks befor j-cur mcney takes wing unto Itself. 51.00 starts an account and compound Interest makes It grow. THE CENTRAL TRUST CO I50-154 E..t Mrhet Su

A. W. THOMSON Banker and Broker DEALER IN nveotment Securities BEFORE BUYING OR SELLING Local Stocks or Bon do GiT MY PRICES Private (New York Stock Kxchancc Wires U hlcapro Bord cf Trade to ( And all oth r leading markets 4-G ingaiis Building Jioth I hones .o.

PORTERFIELD & CO. Bankers and Commission Brokers CHICAGO, ILL. We buy and sell broken lots; carry Grain and Stocks on reasonable margins. Write for our Dally, Market Letter and keep posted. x Indianapolis Office, 207-S Stevenson Bid. Old Phone Main 834. : New Phone 134

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SAFE DEPOSITS.

S. A. FLETCHER & C0S SScao Iorojs4it: V rmu.lt: SO-34 Enat Washington Street. Absolute safety against fire and burglar. Policemen day and night on guard. Designed for safe keeping of Money, llonds. Wills. Deeds, Abstracts, t':ver Plate. Jewels and valuable Trunks, Packages, etc- Contains 2,100 boxes. Rent f5 to $15 Per Year. WILLIAM A. HUGHES - - - Mannger

patlon of the Panama payment. If they should do so, the amount to be remitted in coin aft-r the payment would be correspondingly diminished. It is also .doubtful whether they would take enough gold to affect the money-market, unless news shculd come f a land battle In the Orient, In which the Japanese were victorious. Then Paris would have pressing need for gold with which to protect French Investments la Russian bonds. Wall-street Journal. Since the arrangements were made by Secretary Shaw, soon after the ratification of th Panama treaty, for the payments consequent ( thereon, the time for the actual disbursements has been postponed until the Tanama Canal Company shall have made proof of title and legal tender all of its property. But no change has been made in the date, March 23, upon which all th other national banks In the United States mutt transfer to the ten special derosltary banks m New York 20 per cent, of the United States deposits held by them. The ten special depositary banks are: National City. National Hank of Commerce. First National, American Exchange National. National Park. Hanover National, Chase National. National Hank of North America. Mercantile National nl Citizens' Central National. The amount of United States deposits that will be in theee banks subject to recall when the Panama payment shall be made is about W.W.W. a Utile more thai J22.ooo.on0 of nhich will have been transferred to them from banks outside of New York city. Th increase in United States dej-osits In all the New Ycrk banks since the announcement of the plan of payment, that is. since Feb. 6. Is tS..V". to March" 19. The increase, in all deposits for th same period Is f.s."7.2"0. A very great increase In deposits was made in. January, and the usual spring withdrawal of cash by Interior banks has not taken place this year, which leads to the conclusion that the. banks have k'-pt up their debits with their New York correspondents 1" order to draw uj-on them for their pro rata of United States deposits recalleu. Nearly all the New York banks alio interest on the de;o-its of other banks at ths rate ot 2 per cent, per annum, while no lntere-t Is paid upon United States deposits. The Immediate effect of the recall of the 20 per cent, of th ITnite.1 States deiosits will be to relieve th banks of paying interest upon isslbly tli.ooo or 120.000.00 of th4 deposits of other banks, whils the ten depositary banks will have $znj.W at their dlspnxal. free of interest, until the Ianama payments are made. These paments are not expect d to be made before Miy 1. and may b postponed much longer, bj unforeseen and unexpected obstacles. The call money market should, therefore, continue easy for some time to come, so far as It Is influenced by preparations for the panima payments, l'.ut Paris neds money. The delay In th Panama payments mav hasten gold exports from, New York: and should gold be hippd in largs amounts the monev market here may lecoms firmer, if activity on the Stock Uxchange continues. 4 When the trading In Union Pacific on Tuesday last approximated 400.00 shares It wa said that Important banking interests bad eorr.e into ths market to acquire a large block of the stock. The most generally accepted explanation was that the Morgan Interests were buying Unli Pacific In order to occupy in that road somewhat the same po.itin as the Harrlman interests occupied In Northern Tacinc affairs. It was recog- 1 rized that a large part of the activity in Unl-j Pacific and in the reft of the market for ths matter of that was professional and represented short covering cr buying by traders to prent by the advance in prices, but it was th-.uKht that probably p;0.fo hare out of the 4''.-t bought on Tuesday repres. nted the amount pf the banker's accumulation. While inferences drawn from the movement r.f stock throuRh the company's transfer books might be somewhat misleading, it Ij interesting to note that despite all last week's activity an i excitement In Union Pacirtc there has hardly been a quieter plac In town than the transfer r.rf.ces of the Uni'-n Pacific Kailroad Company. This Is mad- all tbe more striking by th fact that the books which bad teti cloM-d for ths payment of the divld-nds were oined the day after the transactions in I nln Pacific on th Uxchane assumed such lare j r.irtl ns mil therefore In addition to th' current transfers, had to take care or the accumulation during ths time the boe.ks .eie closed. What I true ih this respect concerning Uni..f Pacific Is equally appll-'ble to Penr.sj Ivant," which was another cf the week's very actlva Issues In the. cast? of South-rrn Pncinc n comparison between the activity of the market ar.V the inactivity of the transfer cfflce can be draw for th reascn that the stock !-.ks of the company hav ben closed tdnce March ir. This experience merely repeats that of many similar occasion of special matkrt activity ant shows clearly that there is little r no connection between the volume of trading and ths amount of tranfrrs. .'f course, it Is to ! note.j that when any on., for whatever purpo it tnar be. is accumulating stock It may W found expedient to d"fer the transfer of the sto-k until afTairs have quieted down and attention has .eni withdrawn from the bjylng. but such Incidents are by no means, usual, and It remains true that a very small proportion of the traua tinj on ths floor cf the Stok Uxchange. are ever consummated in tiansttr oitues. Nw York Timfc.