Richmond Palladium (Daily), 18 January 1906 — Page 6

AMALGAMATED WAS IRREGULAR

BUYING MOVEMENT IN UNION PACIFIC INCREASED BUSINESS OF MARKET. GOULD STOCKS STRONG Colorado Fuel and Wabash Preferred Rushed Up Industrials Limited. New York, January 17. Opening prices in the stock market shot upward on larjre dealings with gains well distributed among the standard stocks and specialties. Reading rose 1V2, National Lead and Colorado Fuel a point, and Union Pacific, Canadian Pacific, Louisville, New York Central, Smelting, Sugar, Brooklyn Transit and United States Steel preferred large factions. Very large profit-taking made an irregular movement for a time. The .general demand was of too varied a character to be concerned much with, the reaction in Sugar and Amalgamated Copper to a fraction below last night. Business increased to very large proportions all around after the buying movement in Union Pacific got under full swing. That stock sold at 158. Pressure was renewed in Amalgamated Copper, carrying it back to 113 and causing reactions elsewhere in some issues. Wabash and locomotive had risen 1, and-Colorado Fuel preferred 2, Tennessee Coal, Great Northern preferred and Hocking Valley 1. Union Pacific's rise to above 105 stiffened prices. The Gould securities were conspicuous, Colorado Fuel being rushed up 4 Wabash preferred gained 2 points. Among the industrial specialties, movements were rather limited, the feverish fluctuations in .Amalgamated Copper having a repressive effect on the dealings in those stocks. NEW YORK STOCKS. (Furnished by O. G. Murray.) Open. Closed. Amal. Cop .113 111 7034 Am. C. & F. pfd 4512 Am. Loco 77 Am. Sm. & Rfg 1G0 Am. Sugar 151 Atchison ....96 Do pfd ....104 Anaconda 253 Baltimore & Ohio ..116 Brooklyn Ii. T. ....... 91 Can.- Pac 17534 C. M. & St. P ...184 170 150 104 n - r -; 116 90 184 Ches. & Ohio 58 Col. F. & I 70 Erie 50 57V 78 50 111. Cent. .... .'.170 L. & N 155 Met. St. R. K 12034 Mex. Cent 25 Miss. Pac. .104 M. K. & T 39 Nat. Lead 89 N. Y. Cent 154 Nor & W. 88 Pac. Mail 49 Pennsylvania 145 People's Gas 100 Reading 145 Rep. Steel 37 Do pfd 108 Rock Island 24"" Do pfd 02 So. Pacific 09 So. Ry 9"s Do pfd 102 T. C. & 1 100 " 179 15414 125 '25 1041s 4oy8 oiy 153V, 8812 4!) 1451s 100 1401 3714 107 -' S :?!) 1021 Tex. & Pac Union Pnc . . . U. S. Steel D pfd Wabash . . Do pfd . . Western Union . -"Wis .157V, . 45is .10)34 . 23 . 43 . 03? 157 45 10!) U 231 " 44 0: Total sales for noon 820,400 New York Money Market 44 to 4. It was stated on excellent authority yesterday that at the dividend meeting of the American Can directors in February, the preferred stock will be restored to a 7 per cent basis. There is a large amount of back div idend to be paid, but this matter, it was said, will be taken up later. The earnings of the company are such as to make possible a 7 per cent dividend on the preferred stock.

MARKET NOTES

According to the New York Financial Chronicle, bond sales for December reached $7,900,038. This compares with $9,935,75 for December, 1904, and .$13,491,797 for 1903. The sales for the month were smallest since 1900. For the twelve months in 1905, sales were $186,5SG,S02, being th largest of any year with the exception of 1904, when the total was $250,754,940. Von Frantzius & Co. say: "Among the safest stocks to buy we advise the purchase of United States Steel common and preferred. United States Steel earned practically 10 per cent in the last six months of the old year, while the business of the first six months was unprofitable. In the year 1900 earnings of 20 per cent on the comt L. mon stock seem assured on account of profitable orders being booked for the whole year in advance. W e believe that within a year United States Steel common will be selling at about $80 or $90 a share, or prac tically at double price within a year, with prospects of doing better later on. We believe that this is the most conservative stock on the list to buy, because on a declining market it is holding better than other stocks." The scarcity of Union Pacific stock in the call loans continues to be a subject of much comment. The fact is a significant one. It indicates that notwithstanding the great advance in the stock, inside interests have been willing to accumulate it and increase their holdings. This attitude on the part of the insiders must be regard ed as excellent evidence in support of the reports that a deal involving at least the Northwestern and Union Pacific is pending. According to a representative of the United States Steel corporation the employes of the company will subscribe for the total amount of preferred stock, amounting to almost 25,000 shares, set aside for them under the profit sharing plan. As the preferred is selling at $107, and the stock is offered at par, the inducement to take advantage of the offer is great. If the entire 25,000 shares are sold, the steel corporation will receive $2,500,000. For the three vears during which the stock subscript ion plan has been in force there have been received 44,740 subscriptions for an aggregate of 97,108 shares. Including this year, the subscriptions ought to total 123,000 shares, representing a par value of $12,300,000. PRICE OF SHOES IS ADVANCING PAIR OF SHOES WHICH FORMERLY SOLD FOR $4 NOW BRINGS $5. TRUST CONTROLS MARKET And Hence The Price Goes Soaring Inferior Grade of Goods is Sold. The .shoe dealers of Richmond announce that there has been a very considerable rise in the price of leather, especially the kind of leather used in making heavy shoes and for the soles. Owing to the high price which is being demanded by the trust which practically controls the supply 1 it. iw.i.- iiiv'i L 1 1 r luting iuv.' o the shoes sell for more in proportion. For two years, there has been a gradual rise in the price of all heavy leathers, until now the manufacturers cannot make the same grade shoe for the same price as at that time. For this reason, shoes that then sold at $4 er pair are now selling for from fifty cents to one dollar more. However, a shoe of the same variety made to sell at $4 will resemble the shoe of two years ago, but the material used is not of so high a grade. The winter and spring shoe markets are being considerably affected by this rise in leather and the price of the better class of shoes is higher than formerly. Secretary Taft is satisfied with conditions in the Phillipines, but he rnay revise his opinions after he I hears Mr. Bryan's report.

TATOES IN GOOD NOM RICHMOND IS BETTER SUPPLIED NOW THAN MANY OTHER CITIES. CHEAPER THAN LAST YEAR Price Seventy Five Cents But in Case Of Cold Weather May Advance. The markets of Richmond are plentifully supplied . with potatoes and from present appearances, there will be no trouble in keeping the price at its present .quotation, 75 cents per bushed, until the home crop of new potatoes is marketed. In other cities, there is great difficulty in securing first class potatoes, but the fall crop in Wayne County was large and although it has been entirely consumed, as far as the markets are concerned, the wholesalers here are having no difficulty in shipping first class potatoes from other localities. The price of potatoes this year is about twenty-five cents cheaper on the bushel than during the corresponding period of last year. This is partially accounted for by the good home crop of last year and partially by the fact that the winter has been an open one, which has permitted of ready transportation from Wisconsin and Michigan, where the bulk of the potatoes is grown. In case there should be a long period of cold weather, the price would probably go up to $1 per bushel, or possibly higher. New potatoes, genuine Bermudas, have appeared in the Chicago markets, but the price is so high there is a small demand for them. The Southern crop Avill be ready for marketing in a few weeks. GRAIN AND PROVISIONS O. G. MURRAY. Wheat. May .. 8812 S5i4 88 July 85 45i4 4534 32 3034 Corn. May 4514 45 32 30i2 July Oats. May July Pork. January $13.67 $13.67 May 14.05 14.02 Lard. January 7.47 May 7.65 7.62 Ribs. January 7.40 7.40 May 7.60 7.55 Receipts Hogs 30,000. Left over, ifiVii. l'rospects, strong. Light, $5.255.45. Mixed, 5.30(S 5.55. Heavy, $5.25(5.55. Rough, $5.255.35. Cattle 1S,000; higher. Sheep 25,000; lower. LOCAL MARKETS COUNTRY PRODUCE. . (Paid by the Bee Hive Grocery.) Butter. Creamery, -. .23c to 27c Country, 15c to 20c Eggs. Country, doz 22c to 23c Poultry, Per Lb. Chickens, dressed, Turkeys, dressed, . Ducks, dressed, . . . 12i2c .ISc to 20c .lGc to 17c PROVISION RETAIL PRICES. (Furnished by Bee Hive Grocery.) Fruits. Dates, per lb., , 10c Lemons, doz. 30c Apples, per bu., $1.S0 to $2.25 Cal. Oranges, doz., 25c to COc Cranberries, per qt., .20c Figs, per lb., 20c Bananas, doz., 15c to 20c Malaga Grapes, lb., .20c Grape Fruit, each 15c Strawberries, ppr qt., .$1.25 . Vegetables. Radishes, per bunch .05c Cabbage, per IK, . 3c Lettuce, per lb., .20c

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bpxnacn, per lb., 10clgtaffs 0f iife: wheat, corn and rice.

...... .10c 1 25c 20c" ,15c to 20e ....... 5e ....... 25e I Egg Plant, ............. Tomatoes, each . . Green Beans," per pk., Potatoes. Jersey Sweets, per pk., Common, per bu., . . .50c .75c -Flour. Pancake, per pkg., 10c Buckwheat, per pkg., 10c Popcorn. On cob, per lb., 5c Shelled, per lb., 10c Miscellaneous. Cale, per 4pk., 10c Maple Syrup, per gal., $1.25 Extra Fine, per gal., $1.40 Honey, per lb., 22 Maple Sugar, per lb., 15 Clam Chowder, per can, 25 WAGON MARKET. (Paid by H. J. Ridge & Son.) Corn. New Corn, 35 to 3Sc No. 2, 50 lbs., 50c Shelled, 55c Hay. Timothy, new baled, ..$9.00 to $9.50 New hay, $8.00 to $9.00 Mixed hay, baled, $S.00 Clover. Baled, - $7.00 Loose, $0.00 Seed, per bu., -....$0.00 to $3.00 Oats. New oats per bu., .25c to 2Sc Sheaf oats, 8c to 10c Wheat. Wheat, 60 lbs., 70c to $1.15 Miscellaneous. Rye, per bu., 50c to 00c Straw, baled , per ton, .$4.50 to $5.00 Millet, $0.00 to $8.00 RETAIL MEATS. (Furnished by Hadley Meat Market.) Roast Pork, per lb.,....12c to 15c Veal, per lb., 10 c to 20c Beefsteak, per lb., 1214c to 15c Fresh Pork, per lb., ....10 c to 15c Chuck Roast, per lb., 10c Beef to boil, per lb., 0c to 15c Pork chops, per lb., .......... ,12Vfcc Fish, per lb., 15c Richmond Livestock. (Paid by Richmond Abbatoir Co.) Hogs, top heavy $4.C0 to $4.75 per hundred. Hogs, 400 lbs., common and rough, $4.50 to $4.75 per hundred. Hogs, 200 to 250 lbs . average, $5.00 to $5.25 per hundred. Choice butcher steers, $3.75 to $4.25 per hundred. Lambs, $5.50 to $6 per hundred. Calves $6.00 to $6.50 per hundred. MARKET MASTER'S REPORT. Market Master O. E. Mashmeyer's report to council for the past eight months shows that the following food was condemned during this time : Fish 201 bs Fresh Pork 35 lbs Fresh Beef 25 lbs Oysters 3 gallons TRUSTEE'S REPORT Following is the annual report of the trustee- of Webster township, for the year 1905. Township Fund: Balance on hand last report,$GG.18. Receipts, $911,94. Total balance and receipts, $97S.12. Disbursements, $839.12. Balance on hand, $139.00. State Tuition: Receipts, $395.33; disbursements, $395.3S. Local tuition : Balance on hand last report, $436.07; receipts, $1,112.22; total balance and receipts $1,543.29. Disbursements, $1,265.34; balance on hand, $2S2.95. Special School: Overdrawn last report, $32.08; receipts, $1,0S2.74. Disbursements, $1,025.S9; balance on hand, $56.85. Road Fund: Balance on han1 last report, $1.29; receipts, $555.32; total balance and receipts, $55G.G1. Disbursements, $337.47; balance on hand $219.14. Dog Fund: Balance on hand last report, $162.00; receipts, $63.00; total balance and receipts, $23J3.00. Disbursements, $62.00; balance on hand, $1&S.00. lotal ot all tunds last report, $633.46; receipts, $4,157.67; total of balance and receipts, $4,791.14. Disbursements, $3,925.20; balance on hand. $S65.94. CHARLES HARRIS, Trustee. flonr, made from the three great .JUS. ilUUU i3 iULIIWllJ A amanv

Cal. Celery, bunch, . . 3. bunches, ......... Cucumbers, each, .......

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"USE UNCLE SAM.

Do not think that it is difficult to do a banking business simpy because ycu live a little distance out of town. Send us your check or other items by letter and they will receive careful attention. We cheerfully answer all correspondence and look after all matters entrusted to us on the day received. l First National Bank.

o o o o Q Richmond, O

SAVING MONEY IS A HABIT Start with the New Year Dickinson Trust Company offers you the services of its Savings Department. $1.00 opens an account and 3 per cent, interest.' A STRONG BANK A SAFE HARBOR FOR YOUR SAVINGS CAPITAL, - - $100,000.00

Cook With ur as I BEST FUEL IN RICHMOND $1.00 Per I.OOOICublc Feet RICHMOND LIGHT, HEAT AND POWER COMPANY I Want the Gash To make four good first mortgage loans with. From $300 to $800. MORGAN, 8th and North E Sts.

Business

ALPHABETICALLY ARRANGED.

INSURANCE. H. W. COLVIN, City and Farm. 920 Main street. Fire Insurance, Telephone 553. The leading Real Estate Man in Richmond, WOODHURST, 913 Main. Farms and city property. Fire Insurance. tf. SLACK'S 15c Dinner Beats Them All. 42S Main. IS THE NUMBER o IS THE STREET WHERE FIRE INSURANCE Is Written by J. M. WILLIAMS CALL AND LET US TALK ABOUT IT ...MERCHANTS' DELIVERY... PHONE 758 TRUNKS. 2AGGAGE PROMPTLY DELIVERED. I , . . tit i. TT : "quarters al e ani 3 arness olvIC

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o o o o o o o o o o o o 99 Indiana. o Directory TEAS AND COFFEES. GREAT ATLANTIC & PACIFIC TEA CO. Extra S. & II. trading atampu with our tea3, coffees, bakiag powders, extracts and spices. 727 Main street. IREDELL & FERGUSON. Fire Insurance. 4 North Ninth St. Tel. 626. Notary Public. Palladium For Job Work. WE represent the Oldest and Strongest Insurance Companies. WE adjust our own losses and pay them without discount. WE insure you ani your bank against BURGI.ARY as well as against Fire, Lightning, Tornado, Boiler Explosion, iiaoimy ana Accident. WE are not a trust and not connected with any of the big eastern corporations at present under investigation. WE insure your life and property at reasonable rates, and in companies of which each director is individually liable for their proper management. WE don't ask you to pay a year or more in advance, unless you yourself insist uoon it. YOUR CREDIT IS GOOD. Vou 'should insure with the RICHMOND INSURANCE AGENCY, H. X, KOU, Mgr. - 11 South 7th St., Richmond, Ind. Telephone ii. Correspondence Sollicited. TO Cl'KE A tOIJ) XT' OSC 1AT Take Laxative Broxno QninLn Tablets. AO druggist relana tno money u w rail to can. ft- W. UrovB fTuaiir? iz oa each b. - 3&o

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