Indianapolis News, Indianapolis, Marion County, 7 May 1898 — Page 10

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THE INDIANAPOLIS NEWS, SATURDAY, MAY 7. 1898.

THE FIRST WEEK IN MAY

OF COMMODORIO DWWKT’S GREAT VICTORY.

X*w lAtm Ib — Vole* of fho Trade Rorlewa—Baak Clearlag# RreadataRa amd Provlaloaa—<Jobblx>a Price*.

The wheat market yeaterday war only a n-esttn* point for the bulla To-day they again resumed the fight with redoubled energy, and the market made another eenaatlonaJ advance. The Liverpool cable* came 4d higher, and the influence w&e ahown early by a higher Opening’, and a marked advance following. The continental market* showed 3c to 4c decline, but a* the great on In July more than compensated this. It had no retarding influence on American market. The exports for the week were 2,473,000 buaheis, a considerable Calling off from last week. The in the Northwest were 372, 6 last week and 2ao last year, jrnmary receipts were 433.900 bushels, •gainst 319,000 bushels last year. Lstter sold 150,000 bushels cash wheat to millers. His sales this week aggregate over 3,500,000 bushels, most of St for foreign shipment. His ooe&n charters made during the week amount to over 3,000,000 bushels. The greatest advance was made In tbe May, which opened at H.60, and sold to 31.70, closing at $1.57. July opened at H.02*. sold at «L03. *1.02)4. 31.00)4. $1.06, and closed at $1.00%. was more activity In the Septemthe range was $4)6c to 8?)4c, and closed at 87Vic.. December closed ax 83%c. Corn was traded In moderately at a lib tie higher values. The exports for the week were large—6,164,000 bushels. May closed at $4%c, July at 34%-36c and Sep-

tember at 36%-%c. ■ advance, rather

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73 f>-

tember at 36%-%c. Oats made a little

feeble but trying, to follow other grains. May sold from 30% to 31%. closing at 31a Exports have been good during the week. Provisions started weak and made a | sharp decline, Later there was a partial recovery, but there was no vim In the market. The best showing was in lard and ribs, which closed slightly over last night Pork made the weakest showing, there being little recuperative

power shown. —

Favorable Feature*.

New York, May 7.—Bradstreet's to-day

“Evidences accumulated Indicate the corner has finally been turned trade situation, and that oircumwhich have hitherto been reas disquieting have begun to give to more cheerful conditions or as to be recognised In a truer and reasonable light While - It is

aimed, and perhaps with justice In

the changes yet noted are ta.1, and that little that to be cited in the direction It is not to be forgotten

dullness and even depression some time past was likewise sentimental, and, U is now begin-

g to be admitted by many, had even ms of a basis to rest upon than the resent unmistakable signs of Improvement. A new sense of national strength and energy seems unquestionably to have -eloped since the news of the Amerii victory at Manila, and the business nmunlty generally, with few excepns, would appear to have come to the iclusion that the possible effects of the

war have bden already well

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Among the more favorable features of week have been the slightly easier In the money market and a little disposition on the part of financial ns to accommodate legitimate of trade. Another has been the foreign recognition of the on of wheat supphe* in the or the suspension entirely of imheat duties, notably in Italy, Spain, and reflected in adproportionate to the Import duty >n in those countrtea. Prices, both seaboard and at the interior have l all records for many yean past, the eagerness of foreign buyers to take hold at the advance furnishes test!to the fact that the present wheat is not due entirely to the fear of ion in supplies, nor yet to the •accessful nrojection of a wheat corner, but to a considerable extent to foreign recognition of the fact that the world's wheat stocks to-day are smaller than they have been for many years past, and that some tltoe must yet elapse before the admittedly good world's wheat crop prospects find expression in new supplies. Of considerable importance in the direction of actually stimulating business in some linos are the large orders received for equipment and supplies of all sorts for military use. notably hi the lines of cotton and woolen goods, shoes, projectiles and ammunition of various sorts. “It. of course, would be useless to deny that there are some unfavorable feature* in view, notably in the cotton and woolen industry. In the former, print cloths have again struck the lowest price on with a Quotation of 1 5-16c for d grades and the woolen manufacturing Industry is as a whole reported quite depreeed. In contrast with these reports, chiefly coming from the Eastern and Middle State# cities, are the sales of a considerable quantity of raw wool, said to be for the manufacture of goods ordered by the government The wheat exports for.the week reflect the tempoi rary check to demand caused by sud- \ den advances in price and show a falling off aggregating 2.478,775 bushels against 4,445',000 bushels last week, 1,7*0,000 bushels this week a year ago, 1,828,000 bushels In 18M and 2,805,000 bushels in 1895. Corn exports are larger this week than for more than a year past aggregating 5464,000 bushels against 4,815,000 bushels last week, 3,127.000 bushels in this week

a year ago.

“Business failures are slightly smaller this week, aggregating for the United States $40, against 245 last week, 228 in this week a year ago, M7 in 1896 and 224

in 1895.'* A Sttatalas to ladastries. [R. Q. Dun * Co., May 7,]

Industries havs received a wonderful stimulus from the conviction that hostilities will not last long, and from heavy Government orders. Besides great demand for steel plates and other iron products and ammunition, tbe Government has ordered 3,500,000 yards woolen cloths, 129,000 blankets, 8,000.000 yards otftton goods, and great quantities of provisions and other supplies, and. meanwhile. reviving confidence has multiplied other demands- It is net due to domeetlc conditions that orders from the Russian government for two Mg warships have been taken by the Cramp*, and orders tor rails from Mexico have given a good •tart to the rebuilt Colorado works. Four large merchant ships have been ordered from the Delaware works, plate mills are crowded, and at the same time one eetabIMhment (hr in the Interior Is bidding on a foreign order for five thousand ton.*, while car and rail works continue to receive large orders. Demands for agricultural Implements and fencing go beyond the ability of works in some cases. Textile establishments have been receiving larger orders within the past few days, outside those from the Government, ao that the stoppage or reduction of time in four woolen mills early in the week may have been premature. No decline whatever appears In the prices of staple cloths or drees goods, and the heavy auction sale of carpets was eminently successful. In clearing off at fair prices an accumulation resulting from an advance In prices last January, which was not supported by demand. Wool has declined about half a cent la April, taking the average of one hundred quotations by Coates Brothers, and the better de-

ls has caused more inquiry, no improvement in prices.

have again made a new low record. L94 cents, but a better marie seen for other cotton products.

- HraRises* Gossip. [By U W. Loais’s Wire.]

w York. May 7.—AH the loading, opoontimied united on the bull side, itisfied themselves that the bull market, which ended tas been resumed. Teeter-

day afternoon reaction was considered a good thing, because when prices start up again the public will come in freely. They were waiting for a reaction and it came. If news from Dewey comes over night, and is as favorable as expected, the market will boom. If good news from Sampson's fleet comes Sunday, a repetition of last Monday’s market is probable. Traders had a rumor yesterday afternoon that there was bad news coming from Dewey, but the facts are that no news at all had been received up to the close yesterday. The market took about 60,000 shares of London stock and a large quantity of stock from other sources; reaction only moderate In last hour. Reaction called healthy reaction, and no other significance attached thereto News from Manila this morning Indicates Americana captured Manila practically without loss. It is expected the market will prove sensitive to news from Sampson's fleet later. Advance In Sugar last two weeks more than Justified yes terday’s reaction, and further decline thought not unlikely. Insiders bf Chicago Great Western say advance In stock will go further. Traders show disposition to Improvement in general business this week. Advance In Burlington & Quincy stock on moderate buying, and belief that reorganization plan will shortly be Issued. Insiders talking bullish on Manhattan. Rock Island people predict much further advance. Burlington will show very large increase in gross end net for April. London, 1:30 p. m.—Consols money, 110 9-16; scoount. 110%: market weak. Grata Notes. [By O. D. Weaver.A Ca*s Wire.] Chicago provisions have been peculiarly indifferent to the grain strength, decidedly weak early and rally with no energy. Closing cables; Paris, wheat, 40®70c lower; flour, 75c©lf 60c lower. Antwerp unchanged. Paris decline equal to 2 to 4 cents a bushel. Chicago oats have been comparatively slow but firm. The prlos was fraction ally higher all round. Receipts of hog* at the points to-day. 46,000 against 36,000. Cleveland—Letter reports 100.000 bushel* wheat sold to American Cereal Company at $L51 c. L f. Cleveland. It was sped*] No. 1 Northern. May wheat is to 81.60, with possibly 150.000 bushels traded In. Schwartz, Depuy, Gifford and Anglo-American bought it Allen Oricr sold it. Closing Liverpool cable: Wheat firm, but por demand for spot; futures Arm. !®4%d higher. Corn—Spot duL Id lower; futures, Id lower to Id higher. Snow In his weekly crop summary says: “California wheat crop is a failure beyond repair. Slice March 1 lesa than half an Indh of rain has fallen. The greater part of the area will be cut for hay. Past week east of the Rockies cold and wet. Corn planting much delayed. Wheat and oats not effected. In Kansas and Nebraska the promise is for 100.000,000. Hessian fly reported In Tennessee and rust in western Illinois.”

Anchor, 45 Inches, 10c; Diashes, 4c; Farwell, 42 Inches.

SHE!

Primary Markets.

Primary market receipts of wheat were 453,876 bushels, against 319,000 bushels the

corresponding day of last year.

Minneapolis received 280 oars of wheat and Duluth 92 cars, a total of 372 cars, against 2SS oars the corresponding day

last year,

St. Louis: Receipts—Wheat 13,000 bushels. corn 14,000 bushels, oats 47,000 bushels. Shipments—Wheat 138,000 bushels, corn 17,000 bushels, oats 31,000 bushels. Toledo: Receipts—Wheat 60.837 bushels, corn 27,600 bushels, oats 7,000 bushels. Blripment*—Wheat 96,000 bushels, corn 19.000 bushels, oats 6.000 bushels. Chicago: Receipts—Wheat 87.000 bushels, corn 526,000 bushels, oat* 468,000 bushels. Shipments—Wheat 27.500 bushels, com 608,000 bushels, oats 213,000 bushels. Estimated receipts at Chicago: Wheat 200 cars, com 625 cars, oats 325 cars, hogs

39.000 head.

Omaha received 9,600 hogs and Kansas City 7,600 hogs. Exports or wheat and flour were: Wheat 361,853 bushels, flour 24,675 pa<kages, equivalent to 475,000 bushels wheat; corn . 666,066 bushels. CITY WHOLESALE QUOTATIONS. Current .Quotation* oa Various Commodities.

Dry Goods.

Bleached Cotton—Androscoggin, M inches, 6%c; Blackatone. 36 inches, 6%c; Cabot, 36 Inches, 6%c; Dwight Anchor, 88 inches, 6)4c; Clover, 36 Inches, 4%c; Dwight Anchor^ 42

inches, »c; Dwight Am ' rnond Field. 36 inches.

•c; First Call, 86 Inches, 4c; Glendale XX. 36 inches, 4c; Lonsdale, 35 Inches. 6%c; Masonvllle, 36 inches, «%c; New York Mills, 38 inches, 8%c; Lonsdale Cambric, No. 3, 8%c; PcpperelL 8-4. 13%c; Pepperell, >-4, 16c; Sea Island. No. 2, 5c; Sea Island, No. 3, 36 inches,

5c; Utica. 0-4. 18c; Utica. 10-4, 20c.

Ginghams—Amoskeas, 4%c; Bates, 4%c; Everett classics, 6c; Lancaster, 4%c; Normandie dress styles, 6%c; Manchester staples, 4%c;

Toils du Norde, 7%c- Warwick, 6Vic.

Colored Cambrics—Edwards, 3c; Slater, 2%c;

Genessee. 8c; Concords, 2%c; Warren, 2%c.

Bilesia—Lonsdale, No. 1, 90c; English AA. 12Vic; English A. 10c; English B. 7Vic; Argus.

5Vic; Victory O. 4Vic.

Ticking*—Amoskeag ACA, 3Vic; Cordis ACE. 10c; Conestoga BF, ll%o; Hamilton stout awnings, 8c; Lenox fancy hookfold, 18c; Diamond bookfold, 12Vic; Oakland AF, 5c; Warren bookfold. 10%c; Lenox XX, 18c;

Thorndyke, 6%c.

Cotton Duck—Tallassee, 7 ounces, 80 Inches, 7Vic;- Tallassee, 8 ounces, 30 Inches. 8Vic; Tallaseee, 10 ounces, 10Vic; Savage, 10 ounces, 30

inches, 12%c.

Shirtings. Checks and Cheviots—Amoskeag, 8%c: Economy, 6c; New South, 5%c; Rotunda, 6c; Amoskeag plaid excelsior, 6Vic; Amoskeeg stripe cheviots. 6V4c; Edinburg. 6Vic; Everett Chambray stripes, 7%c. Brown Cottons—Atlantic A, 26 Inches. 5V4c: Atlantic H, 36 Inches, 6c; Atlantic P. 30 Inches, 4%c: Atlantic LL. 36 inches, 4c: American Mills, 36 Inches, 3%c; Armory shirtings, 16 Inches, 6c; Armory, S3 inches, 4c; Comet, 34 Inches, 4Vic; Constitution. 88 Inches, 4%c; Boot C. 16 inches, 8%c; Boot FF. 36 inches. 6Vic; XX, 36 inches, 6c; Buck's Head, 36 Inches, 6c; Bea Island, 36 inches. 4c; Household Buperion 86 Inches, 4%c; Long Branch, 16 inches, 3%c; Sea Island, 36 inches, 4c; Statue Liberty, 36 Inches, 4Vic; Pepperell, 1-4, tic; Pepperell. 0-4. ISVie: Pepperell, 10-4, 16c; Utica C. 8%c; Utica. 0-4, 16c; Utica, 10-4, 18c. Prints—Allen fancy, 4%c; American indigo, 4o: American shirting*. 8%c; Merrimac shirtings. 3%c: Arnold long cloth B, 7%c; Arnold long cloth C. $%c: Berwick fancy, Ivic; Berlin solids, 6o; Berlin three-fourths Turkey reds, 6o; Berlin three-fourths XXXX Turkey reds, 8c: Cocheeo fancies, 4V4c; Cooheco madders, 4c; Portsmouth robes, 4V4c; Harmony fancies. 8%c; Manchester fancies, 4Vic; Pacific Parthian* 4%c; Pacific mournings. 3%c; Simpson mourning*, 4%c; Venus oil blue and green, 6c; Windsor fancies, 4 Vic. Brown Drill—Boot, 86 Inches, 5%c; Darlington, 30 inche*. IVie; Dwight. SO inches. No. 960, 8%o; Mohawk. 30 inches, 7Vic.

Groceries.

Indianapolis Wholesale Sugar Prices—Dominoes. 6.19c; cut loaf, C.19c: crushed. 6.10c; powdered. 6.04c; XXXX powdered. 6.00c; standard granulated, 6.60c: fine granulated, 6.69c; extra fine granulated, 5.31c; coarse granulated, Mte; cubes, 5.04c; mold A, 6.04c' diamond A, 1.60c; confectioners’ A, 5.55c; 1 Columbia A— Keystone A, 5.88c; 8 Windsor A—American A. 6.36c; 8 Ridgewood A—Centennial A. 6.38c; 4 Phoenix A-Gallfornla A. 6.8Sc: 6 Empire A— Franklin B, 6.31c: 6 Ideal Golden ex. C— Keystone B, 6.t6o; 7 Windsor ex. C—American B. 6.13c; 8 Ridgewood ex. C—Centennial B, 6-0fio: 0 yellow ex. C—California B. 4.34c; 10 yellow C—Franklin ex. C, 4.88c; 11 yellow— Keystone sx. C. 4.81c* 13 yellow—American ex C. 4.60c: U yellow—Centennial ex. C. 4.6»c; T4 yellow—California ex. C, 4.66c; 15 yellow.

AB0c; 16 yellow. 4.60c.

Canned Goods—Blackberries, 3-lb. 86c; cove oysters, 1-lb full weight 86c: 1-lb light weight. 00c: 3-lb full weight. $1.7BQ1.|0; 2-lb light weight, 31.3601.30; peaches, standard. 3-lb. M.4401.75: second* 3-lb. 31.1001.36; pie. 86030c: pineapples, standard. 3-lb, 11.26491.75: seconds. Mb. 31.0001.10; string beans. *-lb cans, 82%c; salmon: 1-lb, 05C031.0O: pineapples, Bahama. 31.0002.91: peas, sifted $1.6001.75; earlv June. «S%c0$1.26: marrow. Me; soaked. 70080c; tomato**. 3-lb. 07%c0$l.«4; corn, sugar. 0Oc0 $1.10: apple butter, a dosen. 3-lb. 30c. flpice*—Unground: Allspice.' 10015c: cassia. 14016c; mace. 0Oc©$l.OO; nutmegs. 55066c. Dried Fruits—Apples, sun-dried. 4%e; currants, *04V&<5: citron. 16%0l6c: figs. iPfiic; raisins. Two Crown, a pound. 3%06c; evaporated apricots, 7V»011c; dates, 4H»*e. Miscellaneous Groceries—New Orleans Molasses—Fair to prime. *«0Mc: choice, 26046c: Sirups — Medium. 24025c-: choice. 85046c: sorghum, 36c; corn sirup, bbls.. l*v»c gallon: half bbla. 18V4c gallon. Vinegar. Malt—<40gratn test), bbls., MWe gallon Pc* Beans— Hand-picked. 31.1801.2O. Rke*-Caro!ina. 607c; Japan. 5%04c. Lake Salt—In car-loads. 90c: In small lota 81.00. Starch—Pearl. Champion Glass. 1 and 2-lb packages. 4U0Sc; corn, l-lb package*. 505%c. Candy-Stick Site lb: ccmtr^n mixed. 3%c. New Pickles—1.400 in barrets. $6.54; VW In barrets. $S.5«': l.JfO m half-barrels, 33.76; 04 In half-barrels. $125. Oatmeal—Barrels. 34.25. Rolled Oats—Barrels.

$3.75. --

Cheese.

Selling pries#: New York Cheddar (cream) IV: Wisconsin and Ohio cream, nc; Swis*. domestic. IV to 15cbrick. 13c; Ltmburger. domestic, tic: skims, he. Provisions. Klngan 0 Co.'s Price List: Sugar-cured Hams— 'Ret Is hie" brand. 34-lb. average, 4c: If lb*, average, 9%c: 16-lb. average. 9%c; tiVa lbs. average. t4%c; M lbs. average. KHic: “Indians" brand. 20 lbs. average. S\c; 18 lbs. average. 8%c; IS Ibe. average. »»e: , ti% lbs. average. *%c: 10 lbs. average. 9\c: 'block hams, 'Reliable," 3He; "Indiana." 3c.

California ham a, •ugor-cured. "Reliable.’* 6 to 8 lbs., 7c. Breakfast Bacon—Clear—English cured. "Reliable.' - tie: "Peerless." tic. Bacon—Clear sides, about 60 to 60 lbs. average, 7Hc: clear sides, 30 to 40 lbs average, 7%c; clear sldea, 20 to 30 lbs. average. 80: short cut bellies, 7V4c: clear bellies. 26 to 30 lbs. average, 7V4c: clear bellies, 18 to 23 lbs. average, TVs: clear bellies, 14 to 1$ lbs. average, SHc; clear backs, 20 to 25 lbs. average, 7Hc: clear backs, 14 to 13 lbs. average. 7%e; clear backs. 8 to 10 lbs. average. 7%c; French backs. 6%c; Antwerp backs. 8 to W lbs. average (boneless), 6%c; flitches. 10 to 12 lbs. average, 6%e: in dry salt. %o less. Shoulders—English cured; "Reliable," 18 to 20 lbs. average, 644c: "Reliable." 18 Iba. average, 6%c: "Reliable," 10 to 12 Iba. average, 7%c; block shoulders, 15 to 17 lbs. average, fat closely trimmed off. 7%e: sugar-cured "Indiana," 10 to 12 lbs. average. 7c. Pickled Pork—Fancy boneless pig pork, per bbl., 200 lb#., 315.00; bean, clear, per bbl., 200 lbs., $14.50; family, per bbl.. 200 lbs.. $12.60; clear short fat back, per bbl.. 200 lbs., $12.00; short clear, per bbl., 200 lbs., 312.25; rump, per bbl., 200 lbs., $12.00: short cut, ‘'Valley" brand, per bbi., 200 lbs., $11.75. Dried Beef Hams—"Reliable,'* regular sets, 14c: outside. 12%c; insides, 15%c; knuckles. 16c. Lard—"Indiana'' brand, in tierces, 6%o; “Reliable" brand, in tierces, 7%c; kettle-ren-dered. In tierces, 7%c. Fresh Pork—Loins, short cut, 14 to 20 lbs. 7%c: 10 to 18 lbs., 7%o.; cottage hams, tc; ham butts. 6c; tenderloins, 16c; spare ribs, 4Hc; trimmings, 4%c; hocks, 3%c; tall bones, 4c; pigs’ heads, dressed. 3Hc; sausage, link. 7c; bulk. 6%c; smoked, 7c; bologna. 6%@6cCoflln, Fletcher A Co.'s Price List: Smoked Meats — 8. C. Hama—"Primrose" brand, 10 tbs. average, 10c; 12 to 14 lbs. average. $Hc: 15 Iba. average. 9%c: is to >0 lbs. average, 8%c; skinned hams. 18 to 20 lbs. average, 8%c; boneless hams. S%c. Breakfast Bacon—Boneless: English-cured, "Primrose” brand, 6 to 8 lbs. average, 11 He; sugar-cured, "Primrose” brand. 6 to 8 lbs. average, lie; sugar-cured, "Hoosier" brand, 8 to 9 lbs. average, 0%c: sugar-cured. ••Hoosier'’ brand. 10 to 12 lbs. average. 8%c; augareured, “Hoosier” brand, 6 Iba. average, narrow, 9c; English cured bacon bellies, 8 to 9 lbs. average, 10c: English-cured bacon bellies, 10 to 12 lbs. average, 9%c. Shoulders — Sugar-cured. "Primrose brand, 8 to 10 lbs. average, 6%c; sugar-cured, "Primrose” brand, 10 to 14 Iba. average, 6%o; sugarcured, "Primrose” skinned, 12 to 14 lbs. average, 7c. Bacon—Clear sides, 25 to 30 lbs. average, 8c: clear aides. 30 to 40 Iba. average, 7%c; clear sides, 40 to 60 lbs. average, 7Hc; clear backs, light average, 7%c; clear backs, 12 to 18 lbs. average, 7%c: clear back, 20 to 80 lbs. average, 7%c; clear bell lee, 10 to 12 lbs. average, fancy, 8%c; clear bellies, 14 to 16 lbs. average, 8Hc; clear bellies, 20 to 22 lbs. average, 7%c: clear bellies, 26 to 30 lbs. average, 7%o; French backs, none; flitches. 6%c: extra short clear sides. 30 to 40 lbs. average. 7c; in dry salt. He less than smoked. Frolts, Vegetables and Game. Selling prices: Opossums—25c to 36c each. Lemons—$1.00 to $3.50. Oranges—A box, $3.00; Tangarlnes, $2.00 to *2.50. Figs—New layer, a lb., 10011c. Dates—New, 7ft8c a lb. ■ Apple*—A barrel. $2.7502.00; fancy, $3.5004.00. Cabbage—A barrel, 9Oc0$l.OO. Potatoe*—Per bushel, 70e. Onion*—A barrel. $3 0003.60. Celery—A dozen. 16030c. Honey—New, l-lb. cups, 12a Sweet Potato**—$4.00. Cranberrle*—Per barrel, $8 00; fancy, $9,000 M.OO: per box, $3.00. Hickory Nuta-Shellbark*. 90c; large, 660 per bushel. Grape Fruit—$4.0006.00 a box. Florida Tomatoes—$3.00 a case. Tinners’ Supplies. Charcoal Tins—Beat Brand*—IC, 10x14, 14x20, 12x12, $4.6005.25; IX, 10x14. 14x20, 12x12. $6.60® 6.1-6. Roofilng Tin—Be*t Brands—IC, 14x20, $3.60® 4.00; IC, 20x28, $7.0008.00; IC. 20x28, odd *tyle, $10. CO®!2 60. 1 Block Tin (In pigs)—18a Block Tins (In bars)—20a Zinc—Sheet, 6c. Copper Bottoms—18a Piandshtd Copper—18a Bolder—12013c Iron-27 B, $2.25; 27 C. $2.80; best bloom, galvanised, 75 and 10 per cent. Lead—Pressed bars, 6a Wire Nails. Base price, $1.75. Advance—Common fence, Shingle, tobacco, flooring and common brads, lOd to 16d, 6c; Sd and 9d, 10c; 6d and 7d, 20c; 4d and 5d, 30c; 3d, 46c; 2d. 70c. Barbed common and barbed car nails, 13c advance over common. Casing and Smooth Box—lOd and larger, 15c; 3d and 9d. 10c; 6d and 7d. 36c; 4d and 5d. 50c; 3d, 70c; 2d. $1.00. Barbed box, 15c advance over smooth. Smooth FnlShed—Advanced over common. IGd and larger, 25c; 8d and 9d. 35c; 6d and 7d, 45c; 4d and nd. 66c; 3d, 85c; 3d. $0.16. Fine—2d, $1.00; 3d. 90c. Seeds. Clover—Buying prices: Choice, $2.95; prime, 32.26, No. 2, 12.15. Selling price: 25c to 50c more. Timothy—Selling price: $1.3001.50. Blue Grass—Fancy, $1.00; extra clean, 75c; rad top, 75080a Alayke—$4.5004.75. Orchard Grass—$1.6001.60. German M,fHet-6fVgS0c. Hungarian Millet—66076a Seed Corn—8Oc0$l-OO. 1 Retail Coal Market. Anthracite, $7.60 a ton; Brazil block. $3.00; Island City lump, $2.75: Paragon lump, $2.76; Jackson lump, $4.00; Pittsburg lump, $4.00; Wlnifredc lump, $4.00; Raymond lump, $4.00; Blossburg, smithing, $6.00; Pocahontas, $4.60; lump coke. Ho a bushel; ciuMied oofce, tic; aU nut coal 25c a ton lesa than lump price.

Common sheep 3 750$ 40 Bucks, per head 3 0004 00 Live Stock at Cincinnati. Cincinnati, O., May 7.—Hog*-8trong and 5c higher; select shipper* $4.1504.20, roughs $3.2503.90. Cattle—Steady; good shippers $4.&>#4.76, common $2.75®$3.7S. Sheep—Steady: extras $8.9004.00, common to fair $2.7503.25. Lambs—Steady; extras $4.0504.75, common $3.7604.50. Chicago Live Btoek Market. Chicago. May 7.—Estimated receipts of hog* to-day, 16,000 head; left over, 2,000; market fairly active, closing weak; light, $3,250.10; mixed, $3.9504.17%; heavy, $3.95 04. Cattle—Receipt*. 100 head; dull and unchanged. Sheep—Receipts, 600 head; quiet and unchanged.

CHICAGO GRAIN AND PROVISIONS. Mag Wheat Add* Another Ten Cents to It* Record. Chicago, May 7.—May wheat added 10c to Its value after to-day’s opening on the Board of Trade. The opening price for May wan $1.50, an advance of %c over night Five cent* was added on the next trade, then 4c. The third eaie was at $1.58 and the fourth at $1.60, establishing a new record. Liverpool closing cables, available at the opening here, showed advances of 3 2-3c for May and 5c per bushel for July. Chicago received 214 care, against four last year. Minneapolis and Duluth reported 372, compared with 286 a year ago. Fears of front damage In the winter wheat belt caused some covering and Imparted a strong tone to all the grain market*. July wheat opened 1%0 l%c higher, at $1.O2%01.O2%, advanced irregularly to $1.04%. Selling against calls checked the advance, and caused a reaction to $1.08%; a rally to $L03% followed. Corn was strong on fairly active trading. Shorts covered freely. July started %@%c higher, at 34%@34%c, advanced to 84%c, declined to 34%034%c and rallied to 34%c. Oats ruled dull but Arm, without especial feature. July opened %c higher, at 26 7 /„c, holding firm. Provisions started firm, but sagged off on free selling by packers. July opened 5c higher, at $11.06, decliiwd steadily to $10.87%, rallying to $10.90. July lard started .02%c higher, at 6.92c, declining to 5.80c. July rib* started a fraction higher, at 5.55c, sold at 5.5505.57c, and declined to 6.52c. Grain and Provisions at’ Chicago. [By L W. Louis’s Wire]

Articles. Lag. est. Wheat—

est.

—Closing.— May 7. May &

July . 1 02%-% 1 06%

102%

1 06% 1 01 87%. 83%

Sept 84%-85 87% Corn—

84%

July 34%-% 25 "

$4%

3474*35 84

Sept 35%-% 35% Gate— July 26% 27

35%

35%-% 34%

26%

27 26%

Sept 23% 23% Pork—

23%

23% 23%-%

July .... U05 1105 Lard—

10 80

10 96 11 00

July 5 85 6 87 Rib*-

6 80

5 85-87 5 82

July ...,.5 55 5 67

5 52

6 55-57 5 52-55

Indianapolis Grain Market.

red $1.1401.15, May $L18. wagon $1.15. Coro—Flrmer; No. 1 white 3,'%c, Iw. „ white (one color) 35%c, No. 4 white 32%c, “Hs «fjwi “ - ^

per bushel; July. $1 $1.14%. The principal ad made In July, which is

Dressed Meat*.

$^S%c; yearling:*, 909He: eprin* lamb*. “Coloradoo,” 9%01Oc. Ve*l-6H09Ha Butter, Eggs and Poultry. Eggs Arm. and butter weak; poultry Arm. Poultry—Hens. 6%c; chickens. 6%c; cocks, 8c; ben turkeys. »c; young toms, 7c; old torn*, 6c; duck*. Ra Ers»—9Ha Butter—10c. Leading Drags and Oils. Carbolic add, 27080c: ahim, 304c; sssfcetlda, 36030c; barbs, 608c; bromide at potash, 53c; camphor. 40042c; chloroform. 56060c; opium, gum, $3.7504.00 a lb.; powdered, $4.60® 6.00 a lb.; subnttrate of bismuth, $1.36 a lb. Leather. Selling prices: Harness leather, 81036c;

7. — Indiana

$1.10; French calf. $1.8001.85. Package Coffees. CRy prices on package coffees are as follows: Ariose. $10.16; Lion. $9.15; Jersey, $10.15; Caracas. $10.15: DHTworth, $10.18; King Bee, $10.15; Cordova, $10.16; Mall Foudh, $9.66. Merchant Iron. Bar Iron—$1.5001.60 base. Horse Shoe*-$3.5O0S.7B a keg of 100 Iba American Oari Steel—9c. Horseshoe Nalls—$3.6006.00 a box. Hides and Tallow. Hide*—No. 1 g. a hides, »Hc; No. 3 g. s. hides. 8%c; No. 1 calf. 9%c; No. 2 oalf, to; No. 1 tallow. 8c; No. 2 tallow, 2%a Jobbing Price* In Flonr. Jobbing prices In flour: Spring potent*, $7.00' 07.26 a bbl.; winter patents, $6.5006.76; fancy, $6.7506.00; family, $4.5005.00. Wool. The following prices are paid for wagon-lots: Good, unwashed, 15016c; burry* and cotttd. UHc; tub-washed, 22026a THE LIVE STOCK MARKET. Cattle Scarce — Hogs Lower — Sheep Unchanged. Indianapolis Union Stock Yards, May 7. Cattle—Receipts light. Shipments none. There were few fresh arrivals of cattle, and all sold promptly on a basis of yesterday's prices. Export and shipping cattle we quote: Good to prime steers. t,S3A lbs. and upward .....$4 9005 35 Fair to medium steers. 1.350 lbs. and upward 4 6004 90 Good to choice L150 to 1.300 lb. steers 4 6004 % Fair to medium 1.150 to 1.300 lb. ateerx 4 5004 75 Medium to good 900 to 1.100 lb. Good*to choice feeding sfieers..’.* 4 4004 76 Fair to medium feeding steers.. 4 0i>y4 3a Common to good stockers 3 5004 25 Butchers’ cattle we quote: Good to choice heifers 4 2504 75 Fair to medium heifers 3 9604 25 Common light heifers 3 4003 75 Good to choice cows 3 77.04 K Fair to medium cows 3 1003 GO Common old cow* 2 OC«03 00 Veal calves 5 6006 50 Heavy calves 3 0004 50 Prime to fancy export bulls *>75#4 00 Good to choice butener bullSTT... 3 75«?4 10 Hogs—Receipts, 5.000 head. Shipments, 1,500 bead. The hog market was active, with packers and shippers buying at a general decline of 2%c in prices. All sold. Closed steady a* the decline. We quote: Good to choice medium and h*«vy $4 1004 17% Mixed and heavy packing .... 4 07.04 10 Good to choice lightweights.... 4 0004 07% Common lightweights 3 9004 00 Pigs 3 «f?8 90 Sheep—Receipts light. Shipments, none. There were no quotable change in the •sheep and lamb market, compared with yesterday. Good to choice lambs $5 2505 50 Common to medium lambs 4 00«j4 06 Good to choice sheep 4 0004 25 Fair to medium sheen .......... 3 5003 90

MONEY, STOCKS AND BONDS. Sharp Fractional Galas at the OpenIng—Temporary Setback. New York, May 7.—Sharp fractional advances were the rule at the opening, the market ignoring the heavy tone of some of the international stocks in London. Tobacco Jumped 2%, and Sugar, Metropolitan Street Railway and Union Pacific preferred were up a point or more. St. Paul was a conspicuous exception In the list with a decline of %. There was a temporary set back after the opening upon realizing, but upon official confirmation of the reports from Manila, prices again bounded upward at a rapid rata The specialties were very buoyant and showed gains of from 1 to 3 points. The standard stocks rose between 1 and 2 per cent., and the heavy buying of the grangers and Missouri Pacific was a feature. The strength and animation In the market gained in force, and prices were pushed up to a level two points or more over last night’s closing for the leadin« granger* and specialties. The market was furiously active throughout the second hour of the short session. The bank statement added to the confident sentiment prevailing and there was a keen demand widely extended through the list. Third Avenue showed a notable decline at 2% points. There was some profit-taking manifest, but offerings were swallowed up with small effect on prices. Rock Island mounted with extraordinary buoyancy In the final dealings to 96%. but reacted about a point. The closing was very active and strong, only a few stocks showing slight recessions on profit-taking. Net galne are 1 to 3 points. The total sales of stocks reported were 222.906 shares. Moaiey. Money on call steady at 2 per cent. Prime mercantile paper 6%07 per cent. Sterling exchange firm, with actual business In bankers’ bills at 484% for demand, and at 480%4?«1 for sixty days; posted rates 481%®4S2 and 485%. Commercial bills 480%. Silver certificates 56056%c. Bar silver 56%c. Mexican dollars 46c. Bond*. State bonds dull; railroad bonds strong; Government bonds strong; U. 8. new 4s. registered, 121%; do coupon. 121%; 46. 109%: do coupon. 1W; 5s. registered, 110%; coupon. Ill; Pacific 6s of ’99. 103. Tbe Quotations.

Open- High- Lowing est. est Atchison 12% 12% 12% Atchison pfd 2S% 29% 28% Am. Tobacco .i.....112% 113% 111 C.. B. A Q 97% 99% 97% C.l C-. C. & St. L... 30 *>% » Canada Southern .. 60% 51 50% Chicago Gas 94% 96% 94% Ches & Ohio 30% 21% 20% Leather pfd C C2% *2 General Electric ... 34% 34% 34% Jersev Central 94 95 94 Kan. A Texas pfd.. 34% 36% 34% Le ad 32 S3 32 Louis. * Nash 51% 52% 51% Man. Consolidated. 102 104 101%

£nosing 12% 29% 112% 99% 31% 51 95% ‘>24, 34% 95 35% S3 52% 104

Missouri Pacific ... 31% 32% 31% $2% North. Pacific 26 27 26 27 North. Pacific pfd.. 66% 66% 65% 66% N. Y. Central 114% 114% 114 114% Northwestern 123% 124% 123 114% Omaha 75 75 % 75 75% Pacific Mail 27 27% 29% 27 Reading ig% 18% 18% 18% Rock Island 94% 96% 95% 95% South. Railway pfd 28% 29% 2S% 28% Sugar Refinery 131 133% 131 133% Bt. Paul .93 94 % 92% 94% Tennessee Coal .... 24 24% 23% 24% Union Pacific 22% 23 22% 23 Union Pacific pfd .. 67% 58% 57 68% Western Union 89 89% 88% 89% The Stock Market This Week. New York, May 7.—Commodore Dewey’s decisive victory at Manila has been the overshadowing Influence in the stock market all week. The severity of the blow he has delivered and Its demonstration of the overwhelming superiority of the equipment of the United States, have been accepted as promising an early settlement of the contest. The demoralization In the political and financial affairs of Spain, which have developed during the week, gives a strong guarantee of the same result. The bullish sentiment has been strongly in the ascendant by reason of the prospect that the war element will socn be eliminated. I.arge professional operators who bought on a large scale last week. In anticipation of the victory In the Philippines. took advantage of the demand for stocks on Monday morning to take their holdings at a handsome profit. All their offerings were easily absorbed. Continued heavy profit taking and London selling worked a slight reaction on Tuesday, but after Wednesday’s holiday London turned buyer and there was another violent advance. On Friday London turned a heavy seller on account of the stiffening rates for money there and unsettled the New York market somewhat, but the rise was not effectually checked. A renewal of gold imports, easier conditions in the money market, the heavy foreign demand for food stuffa and the strong traffic returns by the railroads have all had Increased effect with the subsidence fear of damage to values from the war. Prices are from 2 to 8 points higher In the railway list and gains are greater In some of the specialties. Indianapolis Clearings. May 7. April 30. Clearings $1,190,023 28 $981,684 68 Balances 82,532 73 119.013 68 —For the week ending— May 7. April 30. Clearings.. $6,512.388 03 $6,011,187 48 Balances 713,161 88 723,782 56 New York’s Bank Statement. New York. May 7.—The weekly bank statement shows the following changes: Surplus reserve, decrease $ 578,200 Loans, decrease 887,100 Specie, Increase 1,398,700 Legal tenders, decrease 1,706,500 Deposits, increase 1,113,600 Circulation, Increase 344,400 The banks now hold $43,916,475 In excess of the requirements of the 25 per cent, rule.

CAPE YERDE FLEET

ADMINISTRATION FLANS TO ACCOMPLISH ITS DESTRUCTION.

Important News Expected from Admiral Sampson’s Fleet Aboat Sunday Night.

ARRANGEMENTS FOR A MOVE ON HAVANA.

The President Hopes that with Two Fleets Destroyed Spain will Give Up, and that Soldiers la Caha will be Needless.

U. S. CORN AND WHEAT REPORT.

Closing cash markets: Wheat $1.67, corn 34%c, oats 31c. pork $10.76, lard 5.82c, ribe 5.5$c.

Wheat—Strong; No. 2 red $1.18, No. 3 Com—Firmer; No. 1 white 3r*%c, No. 2

white

yellow 34%c, No. 2 mixed 34%c, No. 3 mixed 34%c, No. 4 mixed 31%c, ear 34%c. Oats—Firm; No. white 33c, No. 3 white 32c, No. 2 mixed 31c, No. 8 mixed

30c.

Hay—No. 1 timothy $7.5008.00, No. 2 timothy $6.5007.00. Inspections: Wheat—No. 2 red 2 cars. No. 3 red 6 cars, rejected 4 cars; total, 12

cars.

Com—No. 3 white 6 oars, No. 4 white 1 car, No. 3 mixed 3 cars; total. 9 cars. Hay—No. 2 timothy 1 car; total, 1 car. Barley, Rye. Flax and Timothy. Chicago, May 7.—Barley—Cash No. $ 44062c. Rye—Cash 70c, May 69%c, July 66c. Flax—Cash $1.38, Northwest $1.36, May $1.36%, September $1.20%. Timothy-

May $2.60.

Wheat at LiverpooL

Liverpool, May 7.—May wheat $1.54 4-5c * ‘ July, $1.48c; -September,

advance to-day was up 5c per bushel.

Wheat Puts mud Culls. Chicago. May 7.—Wheat—Puts: $1.01, $1.00%r?1.00-1.00%. Cogs: *1.12. $1.13, $L12, *1.11%, $1.12. Corn—Puts: 34%c. Calls: 86%c. Other Grain Markets. New York. May 7.—Wheat again excited and higher; May closed at $L60, being 16%c over bast night; July closed at $1.13. 4c over last night; September 93%c, De-

cember 88%c.

Baltimore, May 7.—Cash and May wheat $1.40, July $1.06. May com 39c. Minneapolis. May 7.—May wheat $1.45, July $1.3&%. being an advance over last night of 14c on May and ll%c on July. St. Louis, May 7.—May wheat $1.35, July

96%c. September 86c.

Toledo, May 7,—May and cash wheat

$1.55.

Duluth, May 7.—Wheat wildly excited, clostog tic over last night. May at $1.67,

July $1.44.

Chicago, May 7.—1 p. m.—Wheat on curb nervous: July $1.06%. Puts: $LO0 to $1.01%. Calls; $1.11% to $1.17%; now $L17%.

Indiana OIL

Montpelier, InxL, May price®: Crude oil, 50c.

U. S. Department of Agriculture, Weather

Bureau.

For the twenty-four hours ending 8 a. m., seventy-fifth meridian time, May 7, 1898: Number Halnfall. of stations inches

report-

ing.

Chicago. Ill 25 Columbus, 0 15 Des Moines. la....14 Indianapolis, lnd..ll Kansas City, Mo..15

Omaha, Neb 13 St. Louie. Mo 12

Tem.

and

Max.

Min.

bund’a

.56

.02

.33

.92

.00

.02

iadlaaapolis District. Rainfall

Inches

Temp. and State of Max. Min. hund’s. weather

Auburn —

.00 Cloudy

Bloomington .

. ...47

.09 Cloudy ,79 Cloudy

Cambridge City . .45

Columbus ....

....41

1.28 Cloudy

Farmland ....

....47

87 .

.58 Rain

Indianapolis ••

....47

.27 Fair

Lafayette ....

....48

.00 Cloudy

Losansport ...

....52

.02 Cloudy

Marlon 49

.16 Cloudy

Vincennes ....

.. ..51

.27 Clear

Washington .. T. indicate*

48 40 . 29 Clear Inappreciable rainfall. *Max|.

mum for yesterday. ••Minimum for twentyfour hour*, ending lam., seventy-fifth merid-

ian time.

Note—The average maximum and minimum temperatures and the average rainfall are made up at each center from the actual number of reports received. The “state of weather” Is that prevailing at time of observation. Remarks, Local rains feM in all sections, except in the Minnesota section; leas ao in sections weet of the Mississippi. Higher temperature prevailed In sections west of the Mississippi. Light frost formed in the Illinois section. C. F. R. WAPPENHANS. Section Director Weather Bureau.

THE MONROE DOCTRINE DISCUSSED.

Col. John. W. Foster Closes His Lectures by Defining Its Purposes.

[Special to The Indianapolis News.} Bloomington, Itid.. May 7.—The Hon. John W. Foster closed hi* series of lecture* at Indiana University this morning, taking for his final theme. “The Monroe Doctrine.” A very large audience listened for more than an hour to Mr. Foster's able treatment of this great subject. j.'he speaker showed the relation of the Declaration of Independence and Washtngton’s famous proclamation of neutrality to the policy announced by Mr. Monroe; outlined the revolt of the Span-ish-American States and the plans of Interference pursued by the Holy Alliance; traced the agency of Canning and John Quincy Adams in the announcement of the doctrine of Monroe, and showed Jefferson's previous announcement of this policy. He then discussed the successive controversies over this "doctrine”—In the Panama congress, 1828; the proposed Interference In Yucatan, In 1848; the Clay-ton-Bui wer treaty, In 1860; the French Interference in Mexico, in 1861-66; the later discussions by Secretary Blaine over the Clayton-Bulwer treaty, and finally the recent and exciting discussions over President Cleveland’s policy In reference to Venezuela. Mr. Foster considered that the two great occasions on which this doctrine had been wisely and properly applied were in Secretary Seward’s conduct toward the French Intervention In Mexico, and in Secretary Oiney’e conduct of the case of Venezuela. Secretary Olnev. in Mr. Foster’s judgment, had given the best definition of the true meaning and purpose of the policy first announced by Monroe. The policy, In fts full scope, is to be distinguished from the Immediate purpose and original policy of Originally Monroe, In his celebrated message of 1823, asserted two things: (1) This continent was not further subject to colonisation; It was all under the dominion of some sovereignty, so that no more colonies could be planted here by European nations. (2) Any interference by the Holy Alliance In the affairs of the Spanish-American States for the purpose of controlling their destinies would be considered by us as an unfriendly act. This was but the Initiation of a policy which ha* come to mean much more than an adjustment of temrorary circumstances. It was not raerelv ?n announcement for the time, but it set forth a principle of far reaching importance. This principle may be said to assert, affirmatively: 1 The United States Is opposed to the interference by any European nation for the purpose of controlling the po»icy or destiny of any American Stitic. The forcible seizure of American te.-rito-y would be looked upon with suspicion by US2. No European nation can permanently retain iwsscsaion ml control of American territory. We propo-ie no interference with the present American colonies of European st.Uea. out we look forward to the day when all America will be American „ A , 3. Any isthmian canal in Central America must be under American operation and control. Negatively, it is to be underatool that the doctrine does not commit the United States to become a party ;o the quarrels of all American States with the nations of Europe. The doctrine does not assert that no European nation may right its wrongs or mainLain Its digtdt) against one of the off ending American neighbors. No new principle for the conduct of war and treacles was announced. But *.hj American continent? are no longer to be considered a theater for European venture under government direction, and all American nation* must be left free to determine their own Institutions, their own form of government and their own destiny.

New York, May 7.—A special to the World from Washington says: ”We expect important news from Rear Admiral Sampson's fleet about Sunday night,” said a member of the Cabinet "Rear Admiral Sampson, with a number of his ships, is rapidly sailing toward the Porto Rican coast He is expected to arrive off Porto Rico Saturday evening. The Spanish Cape Verde fleet, which is believed to be making for San Juan. Porto Rico, should make Its appearance some time Sunday. Should the two powerful fleets meet, as now seems imminent, the greatest naval battle of the world will be fought." The Spanish fleet is considered by the American authorities as presenting a very formidable array of fighting vessels. and the ability of its commander. Admiral Villomil. Is well known. But the naval officials have no fears of the result of a battle between the two fleets. President McKinley and Secretary Long have received no information to change their belief that the Cape Verde fleet is coming this way. Should Rear Admiral Sampson fall to locate the Spaniards after a diligent search. It is not yet positive that he will attempt to seise Porto Rico. All depends on the course of events. The administration wants first to &c compllsh the destruction of the Cape Verde fleet. After that has been disposed of, a move will be mads on Cuba. Havana will have twenty-four hours to surrender. American troops will then be

landed.

The President hopes that with two of her fleets destroyed. Spain will aue for peace and Cuba will be conquered without sending ah American soldier to Cuba. LAFAYETTE RELEASED. Had Received Permission to Land Passengers at Havana. Washington. D. C., May 7.—It seems the selsure of the steamer La/ayette was an unfortunate affair, due to a miscarriage of orders, but any International difficulty connected with the taking of the French liner has been removed by the prompt release of the vessel Immediately upon notice at her capture reaching the State Department. The explanation for this action on the part of the administration Is given in the statement which follows, and which was issued from the White House last night: "The Lafayette was released In pursuance of orders which were Issued by the Navy Department previous to her seizure, but which had not been received by the commanding officers of the vessels that made the capture. The facts are that on April 29 the French embassy made an Informal Inquiry as to whether the Lafayette, which left St Nazal re, France, for Vera Crus, by way of Havana, before war was declared or information of the blockade received, would be allowed to land at Havana certain passengers, her mall bags and the dispatch bag of the consulate-general of France, and to take some French passengers on board. An assurance was given that, if this privilege should be granted, the steamer would be forbidden by the French consul to land goods. The matter was duly considered, and It was decided that, without regard to the strict law of blockade, and, as an act of courtesy, the request of the French government should be acceded to. Orders were accordingly sent on the 2d day of May. When information was received of the capture of the steamer and of her having been brought to Key West, these orders were communicated to the captors, with Instructions to release the steamer and to see that the orders wers duly delivered, so that they might be carried into effect No demand was made either by or on behalf of the French government, directly or indirectly, for the steamer's release. The Wilmington will escort the Lafayette to Havana.”

4 ? i : Hitt!

v.V.

:-V.v -

can run twelve miles and be started, •topped and backed by only pressing a small button. There are two wire cables each two and a half miles in length aboard which uncoil and connect her with the operator. One of the cables controls tbe boat, while the other steers her. She carries two lights, which reflect the light backward, so they are seen by the operator only and not the hostile ship, keeping the operator Informed as to the actions of the boat. If one Is above the other she Is going ahead. If sideways, she Is making for the stern or bow of a warship. No light, the boat has stopped She runs with but three Inches showing above water, but can be submerged to fifteen feet. Extending from her bow Is a long spar, with two arms extended. Extended again from these Is a steel harpoon, with two arms lying flat The harpoon is forced through the net, the arms unloosened, spring upon the Inside of the net and keep it fastened there. The open arms of the spar strike the net on the outside and drive the spar back into the boat, which strikes the trigger. The can, attached to the harpoon by a chain, is swung under the vessel to be de-

stroyed.

At the same time the leather cap Is torn off tbe tube of the charge can. This action lets out the potassium, which on meeting with the water. Ignites the rocket, exploding the charge can. Meanwhile the boat Itself has been backed out of danger and returns to the operator only minus a harpoon chain and can. The speed of the Halplne is nineteen knots an hour. KILLED BY THE SPANIARDS. Major Smith. Who Landed at Calbarlen April 114. Now York. May 7.—A special to the World from Tampa says: A telegram to General Lac ret. received here to-night, gives the Information that Major Smith, who, on April 24, landed at Caibarien to escort a party of newspaper correspondents to General Gomes's camp, has been captured by the Spaniards and killed. The message was signed by a Cuban officer named Lorenea He has been with Captain Dorst, of the Fourth Cavalry, who, with two other officers, was sent by General Miles to confer with the In-

surgents.

Captain Dorst reached America to-day, and is due In Tampa late to-nlght, en route to Washington, where he will lay before the President and his advisers the information he gained. Tbe telegram regarding Smith is brief. It simply says that when bis captors discovered his identity and nationality they beheaded him. The news Is regarded as authentic. Nothing Is said of the fate of the newspaper men accompanying him. Correspaadeat Probably Killed. New York, May 7.—A dispatch to the World from Key West says: Charles H. Thralls, who has Just escaped from Havana, brings news that a man was arrested In Havana last Saturday at the Hotel Hsaje, supposed to be an American reporter. Inquiry at tbe hotel and at the British consulate failed to elicit any Information as to who he was or what paper he represented. His room wes searched and dispatches were found open on the table which gave Information about the work done in fortifications and battery. He was to have been tried as & spy, and is probably killed by this time. REGULARS AND VOLUNTEERS.

SCHLEY’S SQUADRON More Lively To-Day — A Dispatch Misread. Old Point Comfort, Va., May 7.—On board the flagship Brooklyn, off Ft. Monroe—The arrival of the Minneapolis and the expectation that the St. Pan! and the New Orleans would be here farter in the day made things more lively to-day, with the flying squadron than they have been for a few uays. In fact, things have been extremely quiet, the men chafing over their enforced Inactivity, although going through drills regularly. What is most annoying to both officers and men are the frequent hirtd stories sent out under Newport News heallue* of frequent scares and midnight calls on the squadron. The naval reserves at the capes, who ore keeping night lookout, are also Indignant at a story cent out to the effect that they signaled a Spanish fleet coming, and caused a panic on the war vessels. No such thing occurred. The foundation for the rftory was that Adjutant Philips, of the local fort, received a dispatch, saying that some vessels without lights had gone out after dark. He misread K, as aaylng coming In. and Informed Comsnodore Schley. He was told that ths Scorpion was scouting for the squadron, and would take care of any strangers. There was no gun fired and no call to quarters. HALPINE TORPEDO BOAT. Ready for Her Trial Trip —A Description ef Her. New York, May 7.—The Haipine tor-pedo-boat lies In the shed at the long dock at Wlllet’s Point all ready for her trial trip before the engineer officers who are to pass judgment upon b a r. She has been overhauled and put in order during the last two weeks. Her storage batteries have been placed aboard and she stands ready for service. She is built of copper, twenty-four feet long and two feet in diameter. The body of the boat Is cylindric in form. Her bow has the shape of a semi-ellipsoid, while her stern has the shape of a cone. The superior merit claimed for her by her Inventor. Lieutenant Halplne, fprmerly of the United States navy. Is that she has the power to shoot her charge can under a warship that has a torpedo-net out, that she carries her propelling power aboard of her in storage batteries and does not need a dynamo on land, and that she is a marvel of simplicity. She can be bandied from any point, and. If necessary, she can tow a small boat after her, In which the operator ran sit. at a distance of two and a half miles, and direct her movements. She

General Order Disposing of Troops

—An Interesting Question. (

Washington. D. C., May 7.—The following general order, providing for the disposition of the regular and volunteer armies into seven army corps, was issued

at the War Department:

"By direction of tbe President, seven army corps, comprising both the regular and the volunteer branches of tbe army, are hereby constituted. They will be numbered consecutively from one to seven. Their several headquarters and locations thereof, as well as the generals appointed to command them, will be an-

nounced In orders hereafter.”

This announcement is expected to be followed promptly by the assignments of the major-generals who will command the respective corpa The appointments of the division and brigade commanders are to be made public by the War Department after consultation with the President and the corpa comm and era It was sold at the department that no definite outlines of the territory to be covered by each of the general corps div l2i? n * y et been determined. There are many matters of detail which romoin to be adjusted before a conclusion OT . t . hl *u* ubJ fS t P* 0 b* reached. It Is said

not to be unlikely that wherever available

the troops of the regular army will be assimilated with those of the volunteer*, thusglvlng the latter the benefit of the experience of the regulars. Provision Is

made in the volunteer army act for the appointment of the officers who are to

compose the staffs of corps, division and brigade commanders. The President has tiie option of appointing- these officers from civil life, or he may assign to such places officers from the regular army or from the militia in the service of the

United States.

An Interesting question has arisen at the War Department In connection with the appointment to military places in tbe volunteer army of persons who now oc-

cupy Federal positions.

The Judicial authorities of the War Department say that, when a person holding civil office, returns to the duties thenreof, after having^been sworn Into the mlU-

Portugal Handled Axaasanltlea for gpala After War was Declared. Lisbon, May 7.—Tbe Portuguese government has received a formal protest from the Government of the United States against tbe dispatch of 960 cases of ammunition and provisions frosn the port of Lisbon on April 2$, two days

I Have Been Down wit*

after war between Spain and the United States had been declared, both the ammunition and the provisions having been forwarded to tbe Spanish squadron, which was then at anchor off St. Vincent, Cape Verde Islands, apparently threatTHE FRASQUIT1 TAKEN. •be woa Broaght to Key Wes* by fbe Montgomery. Key West, Fla., May 7.-«:55 a. m.Another Spanish prise, the brig Frasqulti. was brought in this morning. She was captured by the Motngomery. • Deaf and Dumb Cadets. Jefferson City, Mo., May 7,-Th* deaf and dumb cadets, at the State school, at Fution, the only company of Its kind in the world, have offered their service* to Governor Stephens to fight the Spanish. This company Is fully equipped and well drilled. CONDITION OF THE TREASURY. Secretary Gage Before tbe Plannee 1 Committee—lit* Statement. Washington. D. C., May 7.—The testimony of Secretary Gage as to the condition of tbe Treasury and Its requirements in order to meet the monetary demands of The war, as made before the Senate committee on finance, is mad# public. Tbe Secretary stated the available balance in tbe Treasury on April 28 at $179,832,472, but from this H was, he ■aid, necessary to deduct The $60,060,000 appropriated for tbe national defense. He estimated that when the deficiencies I In the War and Navy Department were met there would be an available balance of $91,000,000. The Treasurer eetlmaTed that he must have *50,000,000 for a working balance from day to day. This would leave now only $29,000,000 of available net cash in the Treasury, but for tbe fact that there were some liabilities that would nod be pressed. He thought that a** told the Treasury could count upon available cash to the extent of $70,000,000 | above the $10),000,000 gold reserve. Mr. Gage stated that at the time his testimony was given none of the volunteer forces had become a tax on the | Government, but the entire U5.000 men would have to be taken care of within a month s time. The best estimate* placed the extraordinary expensea fat the War and Navy Departments at $32.000,000 up to the first of July next, in addition to the $60,000,000 voted for national defense. He thought that from $40,000,000 to $50.000,OuO in addition to the 1 ordinary revenues would have to be realized between now and # July 1 to pro- . serve the gold reserve Intact. Without this extra fund he thought the reserve would be reduced to the extent of $90,- J 000,000, leaving in the Treasury only $70,- | 000,000 all told-ot the end of the year. Mr, Gage said he knew of z other method for raising this money except by taxation or the bonda Senator Turpte asked If be could of no other method. "1 can not of any other to which I think It be proper and safe for the to resort, except by the issuance treasury certificates I think It is a gitimate operation to borrow In any you can make it acceptable tc both ties to the contract.” The Secretary refused to furnlsl estimate of the expense of the war July L because be had no data War and Navy Departments, gave the committee what he "guess” based on the beat obtainable, placing the figure at a month In addition to the or ‘ penses. Mr. Gage expressed the opinion that It would be Impossible to p ace as much as $100,000,000 of the loan among Indh uals and in small sums. Explaining reasons for this opinion, he said: “Oi people are very different from the French people, if you please. In whose country there are no savings banka In our country there are 5,000.000 people who have money in savings banks at a general average.rate of Interest of 4 par cent. The money is available to them at

Ings banks Is not very great la the individual has money, his little ings, stowed away In a stocking or a sack or a private hoard. It is In cash. It is drawing no Interest when the government puts out a loan it is hts opportunity. Our people have larger opportunities. That Is the principal reason why I think the whole $100,000,000 will not be taken by private per- | sons.”

A Was Measure Passed. Washington, D. C,, May 7.—On# war measure was passed by the Senate yesterday. It was a bill to increase by fifteen the number of surgeons in ths United States army and to authorise the Secretary of War to employ as many contract surgeons as he might deem necessary. In requesting a conference upon * pension bill, Mr. Gallinger, chairman of ths pension committee, said that the House had tacitly adopted a rule that in cases a here the widow of a general officer had no pensionable status In tbe Pension Department. no pension exceeding $30 a month would be granted, but in such cases where a pension was already being received, the pension might be increased to $50 a month. Mr. Gallinger made the statement, he said. In order that the Senate might reallza the futility of pressing for pensions of $75 or BOO a month.

tary service, he ceases to be an offloer of

the army. They ‘

Section 1222, of the Revised Statutes,

base their contention on

which read* as follows:

"No officer of the army on the active Hot shall hold any civil office, whether by election or appointment, and every such officer who accepts or exercises the function* of a civil office shall thereby cease to be an offloer of the army, and his commission shall be thereby vacated.”

ARRESTED AT CADIZ.

Aa EwffHShaaaa Tries to Telegraph Warship Movements. Cadiz. May 7.—A man said to be an Englishman and giving the name of Otwln Boyer, attempted to telegraph yesterday evening details of the movements of the Spanish warships. The clerics refused to transmit his message without the authority of the manager of the office. Boyer thereupon went away, but was followed and arrested. Hs was taken before the prefect, and his explanation being unsatisfactory he was Imprisoned and handed over to the military authorities. who, It is said, strongly suspect Boyer of being a spy. UNITED STATES PROTESTS.

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