Richmond Palladium (Daily), 12 February 1906 — Page 6

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THE MuSNING PALLADIUM MONDAY, FEBRUAEY 12, 1906.

LARGE HOLDERS

UNLOAD STOCK AND STOCK MARKET IS LESS STRONG ALTHOUGH NOT FEVERISH. BUYERS TAKING A VACATION Threatened Coal Strike a Menace To Market Winter Has Facilitated Building. New York, Feb. 11. A change of sentiment is gradually creeping over the stock market. The feverish irrational speculation which character ized December and January, hs sub4 sided and is giving place to a quieter saner and somewhat weaker tenden cy. Technically, the market is less strong because many large holders have sold considerable lines of stock, and temporarily, at least, retired from the market for the purpose of enjoying a vacation. If all accounts be true, the absentee list during the next few months is likely to be unus 4tally large, -for the reason that a large number of operators have dis posed of their surplus stock and are not inclined to reinvest until prices reach a substantially lower level. "Without this element quick traders may be confronted with a narrower market, hence will cause a noticeable decline in transactions. Fortunate ly, the public is not in the market to any great extent, the principal buy ers of stocks lately having been the "nouveu riche," who possess an abundance of cash, but a comparatively limited amount of experience. From the best class of investors there has been a very limited demand for securities. During the month of January about 100 millions of new bonds were placed on the market, and though these were readily absorbed, it is noticeable that purchases by the shrewdest class of investors were lighter than usual. Experienced buyers are turning their attention to other directions for investments; notably, in the real estate field. Not a few heavy investors are "carrying much larger balances with their bankers than usual, awaiting more favorable opportunities. The threatened coal strike is certainly a menace to the stock market, since it materially affects the value of a very important group of stocks. There are those who believe that no strike will occur and that some sort of adjustment will be reached; but it is quite certain tha a renewal of labor agitation, growing out of this strike would impose a very considerable check upon new enterprises, which ' are already seriously handition. The fact that we are at the top of a big boom is universally recognized; and the moment that it is perceived that the expected turn has been reached, we are likely to see a very decided abatement in new projects, with a consequent slackening of demand for crude materials and labor. Another difficulty against which the coal trade has had to contend has been the unusually mild winter, which caused a large falling off in the consumption of domestic sizes in anthracite. The same influ- ( ence checked the demand for heavy clothing. On the other hand, the open winter has greatly facilitated all forms of const met ive work. The effect of such an unusual winter, however, does not end here. The result to the crops is still an open question, and will be a matter of much doubt for some time to come. In fact, we are now approaching a period , when the crop outlook is the most important single factor in the stock market. There is a good undertone to the market and general financial conditions appear to be perfectly sound sound enough at least to produce sharp rallies whenever the market becomes oversold. For the first time in about a year there are indications of a fair-sized short interest, without which the market is altogether dangerously one-sided. It is true that the bearish contingent at present shows tli timidity of youth, but as it mature and gains strength and si:ceej3, iu operations are likely to becon i more r rgressive and mor imports ;t. In r.hdrt. ,!o (enJency in tM our maivtis r. ' ou.u l.o back towards the I.oa' -tt.jI, This does not r.ean r J activity or depression. It meuu. healtlie uid safer and saner jrsif ecr busire.3e

CHICAGO MARKETS

Wheat Tendency Toward Weakness but Market Closed Firm on Short Covering; Corn Market Easier. Chicago, February 10. Prices in the wheat market here were inclined to be weak because of reports of moderate temperature in the winter wheat section and a slight decline at Liverpool. The buying was chiefly by commission houses, but offerings were not large. May opened y$ to yc lower, and latter sold at 8oc. Later the market became firmer on covering by shorts. All ofthe early loss .was regained, the price of May advancing to 85c. The market closed firm, with May up yc at S5V-J-Heavy Receipts of Corn. The corn market was weak because of heavy receipts and weather throughout the corn belt, which was regarded favorable for trading. The volume of business was small. There was little trading at any time during the day, and prices fluctuated within a narrow range. For May the highest point was reached at 44c. The close was easy, with May down e(a4C at 433443c. Because of the weakness of wheat and easier tone prevailed in the oats market. Local receipts were some what less than the estimated amount and the demand for cash oats was . fairly active. General trading was quiet. Provisions were easier on selling by local longs. Trading was dull. Chicago Grain and Provisions. (Furnished by 0. G. Murray.) open close. Wheat. May 85i4 85 July 84 8412 Corn. May 44 44 July 44 44 Oats. May 30 30 July 27 29 Pork. July $14.97 $14.87 May 15.12 15.02 Lard. July .. 7.92 7.90 May 7.77 7.77 Ribs. July 8.07 8.00 May 7.97 7.90 Chicago Livestock. . Receipts Hogs 21,000. Left over, 6,560. Prospects lower. Light $5.705.90. Mixed, $5.705.97i2. leavy, $5.706.00. Rough, $5.70 5.80. Cattle 400; unchanged. Sheep 2,000; unchanged. LOCAL MARKETS COUNTRY PRODUCE. . (Paid by the Bee Hive Grocery.) Butter. Creamery, ..;23c to 27c Country. 15c to 20c Eggs. Country, per dozen 17c Poultry, Per Lb. Chickens, dressed, 12'yfcc Turkeys, dressed, 18c to 20c Dks, dressed .....16c to 17c PROVISION RETAIL PRICES. (Furnished by Bee Hive Grocery.) Fruits. Dates, per lb., 10c Lemons, doz., 30c Apples, per bu., $1.80 to $2.25 Cal. Oranges, doz., ;25c to 60c Cranberries, per qt., 20c igs, per lb., 20c Bananas, doz., 15c to 20c Malaga Grapes, lb., . . 20c Grape Fruit, each 15c Strawberries, per qt 75t Vegetables. Radishes, per bunch 05c Cabbage, per lb., 3c Lettuce, per lb., ..20c Head lettuce, per head 10c Spinach, per lb., 10c Cal. Celery, bunch, 10c 3 bunches, 25c Cucumbers, each, 20c Vgg Plant, 15c to 20c Tomatoes, each be Green Beans, per pk., 25c Potatoes. Jersey Sweets, per pk., 50c Common, per bu., ,.75 Flour. Pancake, per pkg 10c Buckwheat, per pkg., 10c Popcorn. On cob, per lb., rc Shelled, per lb., . Miscellaneous. Cale, per pk., lOc Maple Syrup, per gal., ....... .$1.25

genial and the elimination of dangerous inflation in values. Such a tendency will not only benefit the business vrorW, but also the stock market where the extremes hi ve been most violent. HENRY CLEWS

INDIANAPOLIS MARKETS j

Hog Receipts Small for Time of Year; Prices Gain Fifteen Cents For Week; Active Demand For Cattle. Saturday. ? i Indianapolis, February 10. Receipts, 5,500 hogs, 250 cattle and 150 sheep, against 3,742 hogs, 297 cattle and 20 sheep a week ago, and 4,2S0 hogs and 427 cattle a year ago. j When the hog market opened the supply in sight was not large, even j for a Saturday market, and with a good demand from outside sources, especially for the lightweights, there , was strong competition for that class and they sold promptly at strong to 5c higher prices. The heavier grades however, did not fare so well. Several loads of bogs arrived later in the day, and with the urgent orders apparently well supplied and unfavorable reports from other places, the late market was less active and the strength at the opening was lost at the close. Liberal receipts are predicted in the general market for the beginning of next week and the situation appears weaker. Sales ranged from $5.95 to $6.05, and the bulk of the supply sold at $6.006.05. There was a good increase in receipts of hogs this week over last, but the supplies were comparatively smaller for this time in the year. At the beginning of the week there was a slight reaction in prices, but this was immediately followed by a stronger upward movement and with good competition both from local and outside sources the average at the close of the Aveek was 15c higher than at the close of last week. The demand was best for the light grades and there is now little spread in prices and choice ' lights are selling at a small premium over heavies. The quality and condition of the offerings was generally good and there was a fair proportion of prime heavy hogs. Easy Outlet for Cattle. Receipts of cattle were fully as large as usual' at this time in the week, but there was a good steady demand, especially from local packers, and salesmen had little trouble in transferring the supply at steady prices as compared with those prevailing yesterday. Sales of steers ranged from $3.505.15, heifers from $3.004.60, cows from $2.00 4.25, and bulls from $3.003.75. The demand for calves was not so .good and in a general way they sold 25c lower, the top being virtually $7.50, and common kinds sold as low as $3.00 The marketing of cattle this week was comparatively liberal for this time in the year, but there was a good active demand both from local and outside sources, and little or no trouble was had in finding an outlet for the increased supplies. At the beginning of the week there was a slight depression in values in sym pathy with other places, but almost immediately the market began to recover and with a gradual stronger upward movement, the average at the Wheat. Wheat, 60 lbs., 70c to $1.15 Miscellaneous. Rye, per bu., 50c to 60c Straw, baled ,per ton, .$4.50 to $5.00 Millet, $6.00 to $8.00 Richmond Livestock. (Paid by Richmond AbbatoiT Co.) Hogs, top, heavy, $5.00 to $5.25 per hundred. Hogs, 400 lbs., common and rough. $5.20 to $5.25 per hundred. Hogs, 200 to 250 lbs average $5.50 to $5.60 per hundred. Choice butcher steers, $4.00 to $4.25 per hundred. Lambs, $5.50 to $6 per hundred. Calves $6.00 to $6.50 per hundred. RETAIL MEATS. (Furnished by Hadley Meat Market.) Roast Pork, per lb., 12i2c to 15c Veal, per lb., ...1 .10' - c to 20c Beefsteak, per lb., 12i2c to 15c Fresh Pork, per lb., ... .10 c to 15c Chuck Roast, per lb., ....10c Beef to boil, per lb., 6c to 15c Pork chops, per lb., 12c Fish, per lb., ." 15c Extra Fine, per gal., $1.40 Honey, per lb., .22 Maple Sugar, per lb., J.5 Clam Chowder, per can, ....... 25

WAGON MARKET. (Paid by H. J. Ridge & Son.) Corn. Xew Corn, 35 to 38c . . 53 lbs., ,50c Shelled, 55c Hay. .Timothy, new baled, . .$9.00 to $9-50 New hay, $3.00 to $9.00 Mired bay, baled ......$3.00 Clover. Baled, $7.00 Loosv. $6.00 Se-d, bu ........$6.00 to $3.00 Oats. Not. oats nef .m., ,25c to 28c Sheaf oas. 8c te 10c

close cf tbe week was 10c to 15c higher than at ihe close of last week. There was a good demand for all kinds of cattle at all times of cattle at all times, but throughout the week the female butcher grades were the easiest to sell at prevailing prices. At the close of this week the market is in a healthy condition. Larger Receipts of Sheep. Receipts of sheep and lambs were larger than usual at this time in the week, but there was a steady demand both from local and outside sources and while the competition was not strong, trading was active and all were placed early at steady to strong prices, compared with yesterday. Most of the best lambs sold at $7.25 and other sales ranged from $5.00 to $7.00. Yearling sheep sold as high as $5.00, old sheep as high as $4.50, with culls as low as $3.00. Receipts of sheep and lambs this week were considerably larger than usual for some time, and when supplies were largest there was a weaker tendency in the market on account of a lack of competition from outside sources, but finally there was a good demand from all buyers. At the close of the week there was not much chance to note in prices as compared with those prevailing at the close of last week. In ageneral way, however, there was a decline of 15c in prices of lambs and sheep.

Cattle. Steers Good to choice $5.25 (a) 5.75 Common to medium . . . 4.75 5.35 Heifers Good to choice 3.75 4.60 Fair to medium 3.35 (a) 3.65 Cows Good to choice 33.35 4.00 Fair to medium 3.00 3.25 BullsGood to prime . Fair to medium 3.50 4.00 3.00 3.25 Calves Common to best veal . . 6.50 7.50 Fair to good heavy . . . 2.50 6.75 Hogs. Best heavies $6.00 $6.05 Medium and mixed .... 5.95 6.00 Sheep. Good to choice $4.50 4.75 Culls to medium 3.00 4.25 Spring Lamb 7.00 7.25 Bank Statement. Reserves Dee. 5. $ 184,050 Reserves less than U. S.Dec 5, 179,525 Loans, Inc., 4,632,100 Specie, Dec 1, 597,600 Legal tender, Dec. 3, 699,500 Deposits, Dec. '. 452,200 Circulation, Dec 5, 529,100 THE HALL OF FAME. Senator La Follette of Wisconsin is said to be the only vegetarian in the senate. Dr. It. B. Griswold has resigned as choir leader in a Stanwich (Conn.) church after forty-nine years' service. Joseph F. Gliddeu, who made a fortune by inventing barbed wire, has Just celebrated his ninety-third birthday at De Kalb, 111. Samuel Lee, a grandson of Major General Charles Lee of Revolutionary fame, is a pauper in Chicago. lie was born in Philadelphia. A wealthy Norwegian has presented King Haakon with a fine estate at Orkedalen. The donor's name is Thans, and he is the richest'man in Norway. Sir George Stegmann Gibb. who- succeeds the late Charles Yerkes in control of the London railways, is fifty-six years old and first entered the service of the Northeastern Railway company in 1877. His appointment is very popular. Irving Collins of Willimantic, Conn., is one of the best fox hunters in that vicinity in spite of the fact that an accident which cost him his right hand has made it necessary for him to learn to shoot with his loft hand alone during the past year. The Rev. Stopford W. Brooke is among the Liberals recently elected to the English parliament. Mr. Brooke retired some time ug; from the active ministry and had been planning to enter public life. He was pastor of the First Church of Boston from 18SG to 1S98. Since the later date he has been working among the poor of London. Benjamin M. Jennings of Casey county, Ky has been presented with a very large diamond stud by King Edward which is said at oue time to have been the property of raul Kruger. The present was sent to the doctor because of the many valuable pharmaceutical preparations he has compounded, some of which were used by King Edward. "The man who beat Balfour, as he is alraady known, is a lawyer named Horridge. a strans?r in Msfac'aaster. The Liberals thought little of his chances when they sent him down there, but Ilorridge is something ot a fighter. lie called Mr. Balfour's division the "Fort Arthur of Conservatism" and asked everybody to Imitate the Japanese and tu stronghold-

BREVITIES! ill II i. II-Hil TilYiV Y.i ili i Hill- ii III ll If-

ould call your attention to your will and the settlement of your estate. As Executor, Administrator, Guardian, Receiver, etc., we offer the experience and responsibility of a very strong Company. , Deposits, over $800,000. Capital, $100,000.

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IF YOU

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Phones Business

ALPHABETICALLY ARRANGED.

INSURANCE. E. W. COLVIN, Fire Insurance, City and Farm, Telephone 653. 020 Main street. The leadiner Real Estate Man in Richmond, WOODHURST, 913 Main. Farms and citv nrorjertv. Fir Insurance. tf. SLACK'S 15c Dinner Beats Them All. 428 Main. ' AL. H. HUNT. I have a good double house for sale. A bargain. Al. H. Hunt. 7 North Ninth street. CASH BEALL. KIBBET ft CO.. LOEHR & KLUTE. WIDUP k. THOMPSON AND THE BIG STORE HANDLE THE RICH MOND HAT. Old maids would be scarce and hard to find, Could they be made to see, How grace and beauty is combined By using Rocky Mountain Tea. For sale by A. G. Luken & Co. IS THE NUMBER IS THE STREET WHERE FIRE INSURANCE Is Written by J. f,l. WILLIAMS CALL I AND LET US TALK K ABOUT IT

WANT 49 and 64 TEAS AND COFFEES? GREAT ATLANTIC & PACIFIC TEA CO. Extra S. & H. trading stampo with our tea3, coffees, baking powders, extracts and spices. 727 Main street IREDELL & FERGUSON. Fire Insurance. 4 North Ninth St. TeL 626. Notary Public. We buy sell and exchange second hand novels, wild west, Pluck and Luck, Buffalo Bill and other five cent weeklies. Draper & Son. Phone 1498. 610 Main im0 WE represent the Oldest and Strongest Insurance Companies. WE adjust our own losses and pay them without discount. ' WE insure you and your bank against " ByKpiRYas well as against Fire Lightn a. . Tornado. Boiler Ep sion, Liability and Accident. WE are not a trust acd not connected with any of the big eastern corrSrations at present under investigation. WE insure jour life atd property at reasonable rates, and in companies of lLni1 aC dlrer " individually l'able for their proper management. WE don't ask you to pay a year or more in advance, unlets jou yourself inGOOD0" il" YUR CRKDIT IS You should insure with the RICHMOND INSURANCE AGENCY, H.N,KOLI,,Mcr. 11 South :7th St, Richmond, Ind. Telephone H. Correspondence Sollicited. tks ivt tr Quinine T- -'ota. An

Director?

TheReason

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