Richmond Palladium (Daily), Volume 36, Number 228, 25 June 1911 — Page 6

' TXGJH SI'S

TUB niCHMOXD PA1-XJLDITJM AND BUN-TEIJEMSRAM. SUNDAY JUNE 25, 1011. MARKETS TRUST BUSTERS TO Baseball Results

ami

RICHMOND

LIVE STOCK.

Indianapolis, June 24. ! ' JUeilpta "at Indlanapollajrards Jatnrday i bogs. 400 csttle and 200 abccp, snowIng a gala la all lines compared witl a -week age and a year ago. nags. big ma of hogs arrived (or tee nortot and. altbough there wit a good demand from outside louifn. tbe general 'conditions or affairs justified some reduc'lion Id prices. Buyers stirceeded la getI ting Boat of tbolr bogs about 10c uuder Friday. Tbo flose was steady at opening ISgorea. Tbo bnlk of tbo boa. sold from i4.4ft4tS.0fi aod tbo top was SS.00. , There waa only a fair ma of esttlo and oC aaurb rarlrty Id tbo offerings, moat of tbo supply being female butcber grades. .VYbllo, as usual at this time In tbo week, 'tne trading waa quiet, prk-es were almost 'steady, compared wltb Friday. talrea 'agate told at stroug prices. beep. There was a fair run of sbeen and 'lambs, but comparatively few In any lino jtbat were good enougb to command t be extreme quotations. nurn were neiu taold sbout steady wltb Friday, wblch Included spring Ismba from SO down, yearillnga from S4.50 down and abeep from 3.i down. XErtlESENTATIYE HOGS. Av.Dk.Prlre! No. BALES. No. i a.... !:::: 62.... it.... Vi.... . Vi.... Av.Dk.Prlre 7 1SN 40 SG &0 100 101 155 174 ltt.1 180 o.sojoo B.7574 0.4.1,32 S.4.V77 S.45.H5 0.43 03 ..i jwv .. 200 .. 223 .. 207 .. 223 .. 218 .. 200 SO S.Wi 4rt 40 s.oo II.50 ..13 .R3 .M 6.53 t 40 40 40 ... S.50!47 CATTLE. Heifers Av.Prlfel No. Ko. 0... 3. . ,' 3. . At. Price 040 $4.50 yw 6.oo WW 3 73 2.. Tin 4.IW 2.,.. T20 000 m 91.1 two 4.2. 2.... 4.33j 070 6.25 a.. Cows 4.W 2. 3.0i 2. 3 2.11 2. MO 3 no I IWtik A. Ml ,2.... (a.... 3.... I ! a S a e ,mr ,hf 1,189 4.40 Calves 100 144 213 2M 130 B.OOt 4 140 133 150 140 175 773 7.7.1 S.OO 8 t 8.23 a i a i a 0.00 7.m 7.5td 7.H CATTLE. Good to choice steers, 1,300 Iba I and ap $ 6.00(8 6.33 vvmnoD to inemum ateers, 1,J0 iba and up Qood to choice steers, 1.150 to 1,260 Iba Common to medium ateera, 1.150 to 1.2.10 Iba Oood to cbolre ateera, 000 to 1.100 Iba Common to medium ateers, UOO to 1,100 Ins Estra choice feeding ateers, 000 to 1,100 Iba Oood feedlus ateera. MOO to 5.738 6.00 6.03 3.90 5.50Q 0.73 5.2.-. 0.60 4.7.V(t 3.33 B.OOtft 5.23 1.000 Iba 4.75Q 5.00 Medium reetiing ateera, tuu to 00 lbs Common to beat atockers unrsta 4.va 4.73 a.3jj 4.73 B.flOrrt 6.23 4..W.J 4.N3 4.00li 4.35 Oood to cbolre Fair to medinro Common to light COWS AM t'AI.VKH flood to choice cowa 3.734 500 Fair to medium cowa 3.!Wa 3.75 Cannars and cutters l.fto 3.23 Oood to cboloe cows snd calve 45.UOti70.wo Common to medium cowa and u cmves za.uuevw.w BI'LLS AND CALVER flood to prime etport balls..,,. Good to choice butcher balls.. 4.30 4.73 4.2.V5 4 V3 S.NHfl 4.iv 4.30AI R 23 4.00a 7.00 8.50(3 6.60 6.43(9 6.53 6,45(tf 6.90 6.2.V1 6.43 B oOin fl.lKI CStMS tl.lMI s.tNKii n.'jA 6.43' M 4.00a 6.30 4.73U 3.00 4.00j 4.M 4.23$ 4M 3.60' e 4 00 3 23lil 3 30 2.0oi 3.00 SX04J S.30 (Common to fair hulls tfVitnmon to best res! calves... Common to good heavy calvea. nous. Beat baa vies. 210 Iba and up., edlum and ml sail. 130 Iba a iwt ap .Oood to choice light, 100 to , 180 lb 'Common to good llgbn, 12S to ISO Iba otigha Xight rrge QBulk of sales imir. oor to beat spring lamha..,.. flood to choice lamba 'Comnion to medium lambs flood to choice yearlings Vommnn to medium yesrllugs. 'TJood to choice sheep.......... 'I'ulla to ro edlum sheep Utwcks, per 100 Iba OTIUtm I.1VB STOCK MAKKKTS PITTSBURG. Pa., June 24. Cattle 'npply light, market atendy; choice. $0.23 Sf1.30; good. SfMftl W; tidy batchers. $3.30 a? 3.73 i fair, $.3ftiVA: common, S44.33; twroinoa to good fat bulls, $1.2."m5.2. ; coanoi to Bond fat rows. S2M4.7&: belfare, $44&0; fresh cows and springers, $23 4J00; veal calvea, $M8.30: heavy and thin Jnivsaj, a.Hita. nneep ana lamne supply ftbli market steady: prime wethers, fcl.tto 13.78; good mixed. $3.23t(3J0; fnlr mixed, fclooeja; calls and common, $l2; lambs, 2pft; snrlng Umbo. $47. Hogs Herefpto, 10 double decks; market stesdy; Crlsse heavy hogs. SO.KR: heavy mlaed. $0.i0 6,75: medlumo. $o.Wejt6.M: heavy yorkrs. fAMioaiU: light yorkers, IM.A0iiJi3; t UNION STOCK YARDS. 111., June 24. llli'ga Receipts, Id.taw; market weak to 3e laweri mixed and butchers. SH.ir.a6.no; keed heavv, td.30st6.33: rough heavy, $6.10 fid S3; light, r4l&r.0: pigs. S3.75tl..'l3; Jt:lb. -$.:(. a.43. Cottle Receipts. 400; ffciarket steady; beeves, $4 VO.ftT S : vows nd heifers, $2 20i;.Vffl; stackers and feed6rs. S.t.Sfis2B.44; T-iana. $4.if; ralvr. yc. Bbeep Keeeipts. 3.000: market weak: tlv and westera, ii.&M&t; lambs, $4.30 , EAST BnrrALO, n. June 2t.-Cat-lie -neceipia, sw mnraet, uun. weak; . . ..... fw.wuv.,Ht uuivurr grsiies, .wan- (.aivea ueceipts. jow; msrket lalew, 2Ae lower; cull to choice. $-Vtt. Mieep land lambs Ueoelpts, ; mafket. slow, inteadv: choice Umbo. $7tv7 23; cull to fair, l.e.rt; yearllags. $4.'"5; sheep, $?j ,175. Hogs Hecelnrs. market? slow" lower; yorsers, sawoau.iM; piss, ifiaow 16.33; mUed. $0 HBI wj; Bear. so.BVl.t; Jreugba, , ao.oOQ0.7a; a XeJTIMATBD mBCKlPTS. CHICAGO, Jaae 24. Estimated receipts igr Mondsyt Uogs, 34.000; cattle, 23,000; Ipbeep, 20,000. , Uraln, ear lota: Wheat, T com, 329; rSata, 103. I AMBsUCAN TELKPHONK PBOITT. Advke from Qoaton its that the Amr. Vsb Telephone and Telegraph company Is warning at tit rais ot iitoni j per cent ton Ita present outatandtaa csnltal of about i$jr7a,00a000. This, of course. Includes Its equity in the earnings of subsidiary com. Ipnoie. The surplus after dividends of the .rarest romps uy alone In 1V10 waa $6.000,. 1000, a sum 00 per cent la excess ot aivlI dead require tre.its en the entire $M.oot,. fuo of L w stock soon to be issued. The surplus for tbe current year will not be lustier. In fscL tbe gala In net earnings this year will probably be large enough to bow the fall H per cent on tbe new stock .Issne, Hut the increase In dividend rvqulremeuts because of the new Issue will 'tit la year be leas than $200,000. With $33. tWO.OU) of oew construction beelnulnc to earn for tl.e 6rst time in 1912. the S per ent rate will hove aa large a margin of amy nexi year aa n nas tuts. M suakltia tbe hst 23 iter cent Install meut ou the rew 34.VMi.000 stock nnvabla .Nee. 1. Amcrlctn Telephone directors have 'tt.et the prurtlcal objection tbat tbe new tunnciiif haa com In advance of tbe time when It was expected. Tbe general Impression was tbat September or October would aee anncuncemeut ot the terms aud renditions of tbe new stock. Not only will the new stock take care of all tbe sew money needed during ltll and 1012. but t will leave a conatdeiable cash balance for 1013. To greater extect than In the case of almost Buy other class of business, the xeicpnone innunrr rr'juim uuge outlays for sdvauve construction. Tbe atandardl- ' Ml ton of tbe business has tended to in cressa rather than decrease these require, meats. It la leas expensive In tbe loug Ittu to build for tbe future when laying a -read ii it. for example, than to build merely lor the current year's requirements. Tbe Araettcat result was that lec. 31 last the ijiell system had $l0.onu,0. of advance con's ruction. Had so pleat been built la adrniice of needs except that which was uosavnldsole. this expeintllure rottld have been is.1siced to tert.0Uil.00a. Bat tbla S112.0UUtaiai of construction temporarily saved .weald hare coat vAtx.(Si0, or 123 per sat asora u proviava later. ttiBBSiuna a se als SI sot to I fssiBa, the sosltree root stsaaaeh troul ace m as asedtetje so sate at faw asm to take aa m. coMwetro ovrecars fee au alee sees arisiva a. Tha Dries Is vary reaa

GRAIN

Tbe farmers Id the northwest are again hopeful. Tbe prolonged drought seems to bnvo been broken. While there has not l--eii Heavy r lot nils there bss been seat, tered slxiwera and tern pern tu res are vonsUletal.lv lower. In tbe west, southwest snd over tbe corn be.t (Ice soaking rains Friday ulgbt relieved tbe droughty eouditlona. After two 1ua hoiiday Liverpool rest nd to nil of our bull talk awl rising irarkets with v to peace decline In ui.cat and HttS decline In corn. Speculation on tbe Chicago board of trnilc favored tbo oears but tbe market !ld uvt follow the radically ehmiired sliuollo.i. There wns not-one Important nes Item fnrorli.ir tbe hulls. Wheat lost c U'irii.K the first hour. Corn sold off Vit r)ic aud onts ftU: Tbe bears aeemcd timid and the selling was not urgent. All ctreala exhibited a Arm undertone at tbe dei'llne. Armour was a food buyer of September .oest and onts at tbe decline. 1'rlies follow : After the sharp advance of tbe last two weeks snd tbe sudden cbaoae In tbe character of tbe crop newa Friday and Saturday, tbe action of tbe mnrkirt waa reaasurf oc to tbe bull Intercuts; tbe selling under tbe changed conditions was not particularly urgeut. At the new level the trade bos apparently become so enlarged that a volume of selling or buying does not disorder tbe pit as it did a few weeks ago. To Just what eitent tbe La Salle street bull Interests domlnsted tbe day s operations It waa hard to tell, bat it would appear tbe part of wisdom for tbla Interest to support prices when the newa la all bearish aud to feed tbo market at other times. No one has vet been able to ssy Inst where the "big hull" starts and where he finishes In esrb day 'a session, lie does business through eftrbt or ten leading bouses; alttlDg In bis private office he watches the tnpe and buye and sells through bis various brokers, giving orders over private telephones. It Is almost safe to nssuin. that on some dnys his business slone constitutes one-half of tbe day's trsnssctlons. Tbe market cloned nt about the bottom; tbe selling seemed to be general and scsttered. while the buying wss concentrated and among leading La Balls street firms. A record-breaking corn crop waa predicted for Illinois, but was qualified "wltb favorable weather throughout the month of July." Litter In tbe day the weather outlook in the northwest was more encouraging. Cash grnln In all marketa waa sharply lower, wheat averaging lc lower aiirl corn and oate lc to lHc lower. Tbe market closed eteady at tbe decline. CHICAGO. (By A. W. Thomson Co.) Mna!fi ei Open. WPRAT High. Low. J"ne24. Jne 23. July. khs.

88 8S 88- KW, 89V4 88 W t, 02 01- 91M, 92H 29s 50Vi 55Vs 53- 56 ,88 57 57 M uv 57 ' 66-t 67 58 41U 40H 40- 42 42 41 41- 43 44 43 43Vi 44 15.45 15.30 13.30t 15.00 13.30 15.33 15.33 15.57 8.17 8.1H 815 8.20 8.32 8.27 8.30f 8.32 8.12 8.10 8. 10t .... 8 30 8.27 8.27- 8.30 8.33. 8.32 8.."t 837 7.75 7.70 7.70

Sept. iV Dec.. PIT. 02 CORN July. 56 l"s Sept. M W'4 Dec.. 57 V flATSt July. 40 41 Sept . 41 Dec.. 43 43Vi POHK July. 13.43 JS..T7 Sept. 15.50 r.Ann July. 8.17 Hept. 8.30 uec. .iu KIRS July. N30 Hept . 8.32 Sent. 7.75 llld. tAsk. Nominal. INDIANAPOLIS. Wheat Weak. On track. No. 2 red. Wc: extra 3 red. 82c: No. S red. 70c: June. 84Hc; July, 84Uc: August. 84c. t'oru Weak. Throuirh bll Ins. No. 2 white, M4e; No. 3 white, 50c; No. 4 white. MVi?; No 2 white mixed. 54U:; No. .1 white mixed. MWc: No. 4 white mixed. 324c; No. '2 yellow, 53V,c; No. 3 yellow, rhi&c; No. 4 yellow, Mc; No. 2 mixed, M4c; No. 3 mixed. &4Vc; No. 4 mlxel, G24c Oata Weak. Tbroneh bll nr. No. 2 v- mir, wi'va wim iii4is i, fW t U "a unr, :Mc: No. 4 white. :i84c; No. 2 mixed, SS.VJ Xo s nilsed. 37Vc: No. 4 mixed. 37c I .. -.... . II' I . I . V" n Bftnllak AtWZ . aa..lHa..l -JY . V 1 m!. i i.iia . n in'miu , f.Aiia .u. a red. i car: No. 3 red. 1 car: No. 4 red. 1 car: euinple, 1 tar: total, 4 cars. corn in: o. 3 white, 13 cats: o. 4 ehtte. 4 cars: No. 3 J el low. 7 cars: No. 4 yellow, 7 cars; No. 3 mixed, 4 cars: No. 4 mixed, 1 cur; aatnple, 0 cars; total. 43 cars. Out: No. 2 yellow, 1 car; No. 3 yellow, 6 cars; No. 2 mixed. 1 car; No. 3 mixed, i car; simple, car; total. j;i cars. lists in: ao. z win to. z enrs; standard, 1 car: No. 3 whltu. 2 cars: total. 5 cars. tlut: No. 2 mixed. 4 cars: total, 4 cars. Hxy No. 1 timothy. 2 cars: No. 1 light clover mixed. 1 car: No. 1 heavy clover uiixeu, i car; total, e cars. WAGON MARKET. Wheat No. 2 red. 81c: aamnla milllne. S?3M4c. Corn 0P3c. Mhellod Osts ifxf?42c. llr-Tlmothr. 18ti21 : baled. S10Q21; mixed. $1410; bsled. $1018. (Straw Oat a straw. tiitS: wheat straw fC7. sirrALo. nrPFALO, N. T., June 24 Spring wheat No. 1 northern, $1.01; No. 1 bard. $1.02; No. 2 red. 02c: No. 2 white. lc. foru No. 2 yellow. 61 Uc; No. 3 yellow, 604; No. 4 yellow. 60c; No. 3 mixed. 57H-J. Onts No. 2 white, 4ttc; No. 3 white, 43 Vc; No. 4 white. 44Vc: atardard. 43ic. Rjr. Icy. ?1. 10 1.15. TOLEDO. Wheat Cash. 88ViC: July. 88 Vc: Rentcm. her, rSHc. Corn Cash, 574c: July. 37He; 8eutember, f.04c Oats Cash. 43c; July, 42e; September, 43c. ' TOLEDO CLOVER. TOLEDO. !.. Jane 24. Clover seed Cush, $M.80: rvtolr. December and March, eo.M7S. Aisise, ev.iw. x EIROPEAX MABKBTS. Grain prices In Europe, reduced to Amer ican prices per bu. are shown below: ys neatLiverpool spot Australia $1.03 Liverpool spot new Kosano, Bauta Fe .99 Liverpool spot Hard winter No. 2.. 1.01 Liverpool apot aiantroua 1.07 .97 .96 Liverpool Tutures Jttiy . ... Liverpool futures October ., Liverpool futures December .96 Psrls June 139 Paris July i.3 Autwerp Jnly sud August 94 Budapest October 1.32 Berlin July 1.33 Corn Liverpool spot American mixed new .63 Liverpool spot La Plata 73 Liverpool iuiurr juij .o4H Liverpool futures September .67 OTHER GRAIN WHEAT. New. York . MARKETS. Previous June 24. Close. $ .94 $ .00 July .vi oriMruiiirr ........., Minneapolis July September ............ Duluth .V4 .Vi .03 .93 .05 .95 .90 .00 .85 6 .84 34 .07 7 97 7VI M 91 86 87? 85 88 July oentemtter , WinnipegJuly , October , ft. Louis V l "y September Kansas City July September BOARD OP TRADE STATEMENT. Secretary Howard of tbe Indianapolis Board of Trade Issued the following cornraratlve statement at tbe close of business Saturday: . Stock In StoreWheat. Com. Oats. June 24. 1911 122.M 334.034 13704 June 23, 1910 Oti.313 43o.tr.tt H4J0 June 20. 1SSSJ 13.679 106,200 52.000 Inspections for the week were as follows: Wheat 13.000 bu. corn 308,000 bu. oata 2S00 bu. Tbe output of floor for the week ended Jane 24 was 7.V73 brls, as compared with 4.406 brls for tbe preceding week: 6.640 brls for tbe corresponding week a year ago aad 0X4 brls two years ago. ae yon troenMo of say stint Jk - - M. a. u.m.. . yrapPspsin, which is 1 TtTslTiasjsstaatl to

Inl

WALL STREET NEW YORK. Jane 24. Within a very few nlautcs after the opening of tbe stock market today word waa flashed into WaU street that tbe Barriman merger had been upheld by the federal conrta in MInuesota and Immediately there came a rush of bnrlnf orders which materially strengthened the market. Tbe opeuiug ass steady with gains In many quarters. Erie fas la good demand altbough It did not there in the initial advances. Tbe greatest gala waa scored In Great Northern preferred, which rose 1 full point. Smelting opened nuchaoged. I'nion Psclflc bsd opened strong at V , higher and tbe effect of the 8t. Paul opinion was Immediately to increase the advance on atrong buying. Southern Pacific bad scored au Initial gain of similar else and It likewise was materially strengthened by tbe effect of tbe decision. Beading waa up M : Southern Railway np i and Pennsylvania scored a like advance. Amalgamated Copper was in good demand, rising V in the first trsdlng. A like gaio waa noted In Atcblaon. The strength of tbe stock msrket was reflected on tbe curb. Tbe curb bad opened dull and easy. Standard Oil wss S point" higher, while American Tobacco was off 6 points. Toward the noon hour authentic reports of tbe Improved crop conditions In tbe ;nxfou.r?omPetitiv2 buying carried lion ana soutnern racinc up two poim., .... i issues scored lb net gain and the general ,'r?. V-.TI-?, ?J,.?:.51. ,,lr,t T"?rVtL.l"yu,?rLV-."":Z-..r? quiet, only four transactions baring beeu made In the Initial hour. Vlrgtula Chemical rose Ife. The two-hour session waa largely made up of abort covering, tbat interest having oeeu somewhat extended during the last ten days on account of the discouraging crop outlook. Tbe sudden change in -veatb-er conditions and the encouraging tenor of crop news, combined with the favorable court decision, both comlug slmultareousuui ii I ui . rauiuK ill oieri wnw ly, threw consternation into the Dear camn. Tha nrrarlmra of stocks on tbe ad vance were wholly inadequate to meet tbe brisk demand. The market waa under the anll .f a vtvArAna huvlna movemeut at the close. There was some replacing of long U.ies liquidated earlier In tbe week. Total sales, 378,300 shares. NBW YORK STOCKS. (By A. W. Thomson Co.) June 24. Onen High. Low. Close. Atchison 113 113H 114 Amai. cop..... Am. Can Am. Can. pfd.., Am. Car Vdy., Am. Loco , Am. Smelt , Am. T. A T.... Anaconda ..... B. A O B. K. T , Can. Pac C. & O 2 84 V... M. ft 8t Col. Fuel Cons. Gas D. it R. U Dlst. Bee Erie Ot. North, pfd Int. Hsrv Lehigh Valley... 179 14 L. 4t N. . M., K. T Mo. Pacific Natl. Lead N. Y. Central.... No. Pacific Penn. It. R Rep. Steel Ueadiog ltock Island 80. By. com 80. Pacific Texas oil T.. Bt. L ff.. T.. 8. L.&W. pfd tin Ion Pacific.... 37 49 KstlA aw 109 133 124 3 IBS'. 33 81 120 1Z 22; U. 8. Steel 78 U. 8. Steel pfd... 118 I; tan topper.... wj Vi. Chemical 50 Westlugbouse.... 76 NEW TORK BONDS. A. T. T. Conv.. 110 Atchison 4s.... 90 A ten. Conv. 4a. 104 N. J. C. 5s... No. Pac. lsts N. T. C. 3s. Reading 4s... 122 99 88 97 92 B. It. T. 4a 83 D. R. H. 4m.... 93 C. 11. I. Ref. 4s 78 C. R. 1. Col. 4s 94 i4t.L.S.W. 1st 4a St.L. S. W. 2nds 82 So. Ry, s 108 So. P. Conv. 4s s Tex. Pac. 5s 110 U. P. Conv. 4s. 107 U. P. 1st 4s... 101 Wsb. Kef. 4s... 68 Weeth's Con. 6s 94 U. 8. 8. 5s 105 C. O. 4s... IOI C.& N.W. Cons. 10M',5 Erie tSeueral... 78 en. Elec. 5s... 104 Iron Mt. 5s 107 L.&N.Unlfled4s 984 M. K. T. 2s.... 84 I M. K. T. 4s.... 07 MEW TORK CURB. San Toy. 30 f35 fSdbk 107 nA 1 .11 rtJ'.Ar IKIVMiiT. 'J1L 108 2 15-16 Am. Tob. 30ft 398 ObCp 1 ll-10irtl Pore Cent 86 ft&8 RyCt. 1 ll-16l Rntte CIt.. 10 iaV4!ChSb. 34 (34 NIptsslng. 1046liniCnAc. 1 3-10(dl 5-16 .... rsxa. 7ftL K.ni 7iNvHl. 3 1-16 Kerr Lak. 5 7 aiilviy 1 Int. Rub.. 2A' U.R.Lgt. 81 Glroux .. 6 Brit. CoL 6 127 llnsor. 8 9 Nvl t. 11-18. 6!McKo 1U-16(( d4 frin rat 4lATlRt 6 4PrTw. 39 Brad. Co. 4i lta Rose.. 4i Preferred. t :ommon. CHICAGO STOCKS. Open. High. Low Booth pfd 63 Close. 63 S 58 124 141 102 51 Hoxooara a Illinois Brick 58 58 142 58 iii Chlcsso Phone... 124 1 sesrs-KoeDK com. is: Swift A Co 102 Pneumatic Tube. 31 V. B. BONDS IN NEW TORK. 2s registered 100 100 coupon jouD 3s registered . 101 102 3s coupon 4 s registered '. 4 s coupon Panama 2s registered. Panama 2a coupon.... .... 101D ... .... 114 113 .... 114 115 .... 100 100 . ... 1UU 1UU NBW TORK BANK STATEMENT. NEW TORK. June 24. The clearing bouse banka of New Tork City show the following changes In tbe week's operations: Losns, increase. $44.57.000. Specie. Increase. $11,926,000. Legal tenders, increase. $1,903,000. Net deposits, increase. $41,081,000. The actual statement is siren as follows: Reserve, increase, $10,200,750. Loans. Increase, $31..V4.0O0. Specie. Increase, $9,068,000. Legal tenders. Increase, $2,192,000. Net deposits, increase, $31,548,000. , Percentage legal reserve, 29.53. SCdAB. NEW TORK. June 24. Sugar Raw. quiet; centrifugal, 8.98c; maacovado, 3.48c; molasses sugar, 3.32c. Refined Firm ; stsndard granulated, 5.00c: cut loaf. 5.80c; crushed. 5.70c ; mould A. 5.35c: cubes, 6.25c; powdered. 3. 10c: diamond A. s.ouc: confec t loners' A. 4.85?: No. 1. 4.85c: tio. 2, 4.80c & ad, o, s.tor: no. , s.iw. i .o. o is nve oolnta lower than No. 4. Nos. 8 to 14 are each five pointa lower than tbe preceding graue.j luiiua " uiu 1

l74 7 VS i7 1

104 J I 66 y 56 6 ail. 41V;)

St'2 " 8lC

149 140 148 14,

108 1084 108 108,

V!Ti ... ... W7 1

uiu. ... 81

242 243 242 2 83 84 3 .

83 ... ... 35 145 1 28 28 30 3 Ud4T .. nan snti.

121 121 121 121 1

180 179 180 ... I 37 37 37 50 40 50

2 iio io nom

fsfftVa 1

135 133 '4 liW'S

S4 1254 124 l-'OVa

K 30

i 100 lfc 100J.

33 33J4

?)4

123 120

'r

Y 50

lWMl W?S iwS

704 78 7

... ... 118 i 51 50 60

V4 67V4 4t o .

7

3 3-10

! a 1

IIS

NEW TORK. June 24. Cotton seed oil innuaeiy that a moderate extension of thri Steady; spot. $6.156.30; winter. $6.40;,"dT"nc will be witnessed Saturday, partlcu-i

summer wnite. crude, nominal ::i!"v 7 "V . ioe reports! January. $5J354; June. $6.25436.29;! in hand, op to the present writing. lndi-i

July. ?o.ziro.M; August. sa.34e.33; ep-j tember, $o.sa.3; octoher. .10l.13: November, 63. $3 3.80: December. SoSlSi ' 1 ' SHEEP BTSHED TO MARKET. Chicago yards review by James E. Poole: Fear of such demoralisation aa followed

tlie cut In wool tariff made by tbe Mills !uslnees. We feel rsther friendly towsrd' hill during Cleveland'a administration has fiKrlea and Southern railway end believe precipitated liquidation of frensied nature 1 bat tbe same should be purchased en sll: bv sbeep growers. Fat sheep are selling at .weaknesses sad held for subataatlaJir $;iic4 per cwt in consequence. Canada ls -rblgher prices. , buying fat muttons here, several losds J , i having been shipped to Toronto at $3.73 MONBT AND EXCHANGE. J per cwt this week. It is a veritable! vrw vork inu a vnnt .J S&tWV Posted r.'s?erlln!S and all western markets are glutted i lrt u.hnr. MUBW. wltb ctoai

SZinV. Zivia Mllffl Wd .T,t OeargoaOTquTdfloVt" the nve principal western markets, Chicago, Kansas City, Omaha, St. Louis snd St. Joseph have received 4.575,000 bead, an Increase of 1.300,000 over the same period last year. The country msrket haa completely disappeared and breeding sheep worth $6JiOj6.t)0 a year ago now have trouble In beating 84 per cwt. Many traders regard It aa a senseless scramble, tbe ultimate result of which will be a period of scarcity and high prices, but the tariff bogey man is very busy tor the moment. artslaaT frasa atanaacfc luailila mmt a aoa fiN wwis oi ur. kuovtu i syru.

ca-,isflri

FINANCIAL NOTES

Wall street news sammary: Bradstret's reports 222 failures tnia, week In the Cnfted SUtea aa compared! with 212 lest week. .J Weeklv trit nrlan .tilt nnsble tO find. eny pronoa iced Improvement in business.' -pw ion Dancers convention sfter approving Aldricb currency pln audi urging new inheritance tit law. Total Interest and dividend disbursetnenta for July estimated to exceed $250,000,000, as against $232,000,000 a year ago. New Tork banka sain over $3,000,000 on! week's currency mo .-iment. ' It Is believed tbe securities company organized by tbe National Citr Bsot r Km Vnrlr will h.M .-.niral of glO.000,000. ! nroTiilad lit Atnf of 40 ner cent leglared by tbe parent company, and that roe st oca win oe issuea iu nw uaurc. v the stockholders of the National City and tben trusteed to the bank, as Is tbe cae with the same kind of company formed, several years ago by the First National! nana. Total Interest and dividend dlsbursementa for July. 1911. are estimated by the 'Wall Street Journal to exceed $250,000,000. aa against $282,000,000 for tbe same month a vear nan irnln nf glS.000.tKNV The in crease Is made up mainly from the bonds,; .interest on wnicn wss jjko.wk.u in r.'of that for July, 1010. IMvldenda show a .falling off of $17,100,000. , iihstandlnglbetrlk.. rt. BaldwioJ - " , - -- present time about 62 per cent of tbe usual work ni force, which la shout aa lara-e ai a. conlA hi convenlentlv emnloved gwlth business in its present state. . , , , - r , A dlsoatch from Ottawa says: May bank statement issued bv the finance de partment indlcatea a continuation of faaa vornble Duaineaa conattions. Aote circu lation, which has been steadily growing of late, shows a decrease from $83,647,088 to $81,862,217. The reserve stands at $86.000.827, as compsred with $85,213,740 In April. Notice deposits increased from $553,822,730 to S362.207.418. side the Dominion stand at $68,000,000, tbe same as In April. Total Inabilities of tbe banks stand at $1,070, 611. as comnsred with $1,046,506 in April The asset side of tbe statement shows tbat call and ahort loans in Canada atand at $57,709,853. or rjractically tbe aame as lu April. Brnsu current loans in janaaa navw dropped from $712,032,718 to $703,083,677.1 Call and ahort Joana outside of Canadal Show an increase from $84,535,658 to $S,-j 745.(0. Total assets have Increased fromi Calcalatloua made lu tVsii street, stlmu-! I it ted by tbe assertion that tne Panama! bond sale showed that the United States! ma hla-her credit than any. other natlon.i itMlnrMMt the interestlne fact that tbe. !ivleld to the Investor st 102.00 00 the new, ftonui ia ..BVI.IJ IUV vnww . . .mv . ... v onsols at their present market price, orj af nor cent. When it is realised than ikhere are 507..000,0O0 of consols outstnnd;jjng and only $50,000,000 of the Panama t Will oe BrtJU lull uuiiiuu au a i.iiio he better of the United States. Still, lc pugbt to be remembered that grrrernrnpnt bouds in tlilS country aa a popular ibvvbi-i Client are yet a neveity. iew xcrq suu. GRAIN GOSSIP Chicago car lot receipts: Wheat, 17 cars; 2 grading contract. Corn, 427 cars; 1U0 were contract grade. Oata, 154 cars; 85 ecntracr. Receipts a year oao: Wheat. 14: con. 230; oats, 00. Northwest wheat receiptor Minneapolis, 144 tars; last year, 230. Duluth, 47 enrs: last year. 26. Winnipeg, 263 cars; last year. 79. A. W. Thomson com tin v wire from La gan-Bryan. Chicago: On the whole toe climatic conditions trsj tbe northwest are much Improved tor the spring crop. Lignx rains iu some sections the last forty-elgbt hours and tempera-!, turps lower and more favorable, according! to early mesanges Saturday. Thed ry, hot) speii appears to oe uroaen and it win d reasonable to expect better conditions for the balance of the sea son. with half a crop, In South Dakota and a bumper crop in Minnesota sod North Dakota; winter wheat raisers selling new crop freely and early) primary run about to begin ; the influences! appear to be shifting In favor of sellers; wliii follow the news. It must be remem-l be red also that the big cash concerns havej sold a good deal of wheat tinder cover of recent bullish excitement. This suggests) a heavy load. ; John Inglis wires from Mlnot, N. D. 1 Bismarck to Mlnot, 150 miles, while thera are a few streaks of good wheat, general conditions poor, stand thick, short and; weedy, color s-ood. Rain and cooler weath-1 er bns checked extension of burned spots xor tne present ; suit coot ana ctouoy. Minneapolis stocks of wheat during thai present week decreased 222.145 bu, making) the total supply of all grades at that point) 8.589.440 bu. I Primary market receipts: j Wheat. 163.000 bu: last year, 453.000 bu. ! Corn, 582,000 bu; last year, 550,000 bu. ! Oats, 682.000 bu; last year. 306,000 bu. t World's shipments of wheat as estimated for the week are 10,339.000 bu, compared! with .10,000 bu tbe prevloua week and 7.500.000 in last year. Shipments exclusive! of North America aggregate 8.800.000 buj against 0.088.000 bu actual last week. A moderate decrease in the amount on ocean passage Is predicted. Long at Brvan announce that their inn.! mer office at Mackinac will be open July lJ unaer tne management 01 oiuan Imogen. Ex porta of wheat and flour from both' coasts decreased adz.usj du zrom tne pre vious week aod were 157.000 bu under last rear's. Corn increased 75,000 bu. Details follow : Wheat and flour, bu. Corn, bu. This week 1.530,000 90S.OOO Last week 2.071.000 833.00&I Last year 1.700.000 109.000 Since July 1. 1310... 120,795.000 49.C4O.000! Since July 1. 1909... 141 ,541,000 127,829.000 a Loweii, inn., znesssge says: 1 Oats on cipn land wtu make perhaps 40 per cent or a crop, some or tne late eown are only nix to eight inches high and head ine out. On low land they are better. All iu all, we will get about GO per cert of a crop, extreme nest nas nun woeai consid erably, corn doing niceir. Cash corn and oats In Chicago lc lower, St. Louis cash wheat lc lower; corn lei lower. Continental wheat cables: Antwers nn changed; Berlin, lc higher; B da pest, cj higher. 1 Seaboard clearances: Wheat, 44.000 bu z floor, 13.000 bu: combined wheat and floor equal IOS.000 bu; corn, 9.000 bu. ' walx syreEt VIEWS. Logan-Bryan. New Tork. wired Thorn ;son: uouotless the greater part ? thej strength durlna; Frl uuinn .it. eel irotn tne snort coverias-. and it- 1. nni .""." 7' . . " .V l7rltrr- '-) l"""P" "v . imwnsBii i "vlv," . i ..ui muuuHiu. 1 nei lcona - resa situation ia reirarriea hr man ... Jh disturbing factor and especially as tberet If pa red that bastv and Ill-advised action ini ihhat respect might result la retarding I'progreea toward improvement in senersl, l1 la bankers' bllla at 4S5.0O483.05 fori XoT'.lxtyjd.y; Gross earnings of" twenty -taree railroads' for tbe first week of Jane aggregated! i.S92.0S. against $7,127,730 la S cVrrel !??"ilin ,Mt de-xesse ofj $J3o.02. or S-30 per cent. Proas July V ;be gross earniaga of tweaty-thrsja rail-i roads segregated $J0.M.O46. against -i..7.185.452 la the conrapeaAlM perlodi last year, aa lacroavaa f T" "TV nT 3.43 par caait. , . , j TosiSissa-t earloov. coatsdpmtion or oar othsaiom from- disorderad stomach. Dr. CaJdweQ'a Trap repsin win car yo man aosm yoc

PROVISION MARKET (Paid By J. il. EcsemeygT : Sons) Apples, per bbl ..,3.75 $. Parsley, curley. per dot. bunches.. $1 Leaf lettuce, hothouse, per lb 10c. Celery, gulden heart, extra fancy, per doa bunches ..2540c Spinach, fancy, per bo. .. ..$1 CarroU. fancy, per bu. ; $. Turnips, fancy, per bu. 75c Radishes, red and white, fancy, per doifn benches 40cl Cabbages, homegtown, per ton $14 Potatoes, per bu ,....60 75c Yellow, red, white, onions, per bu...$l PRODUCE.

Old Hens, per lb ( . . 8c Turkey ot foot, per lb 18c Old roosters 30c apiece Butter, country, per lb 20c Young chickens, 2 to 3 lbs. per lb. 12c Ducks, per lb . 12c Eggs, per doz 13c Sporting Gossip I Harry Davis expects to be back on first by the time the Athletics begin their next trip around the circuit, ! which is next week in Boston. The Boston Nationals have been going along at about the same whirlwind clip since Kling became one of them as before. American league pitchers are beginning to fear Delehanty as much as they do Cobb and Crawford. 1 The Giants have used the whitewash brush three times since they left home, blanking the Reds, Cardinals and Rustlers. Yesterday's ' was Mathewson's second shut-out victory this season. He let the Phillies down without a run in the other one. The New York and Philadelphia American league clubs had exhibition games scheduled in Canton, Ohio, for Sundays. They cancelled the games to play championship contests in Cleveland on the Sundays involved, and the Canton club complained. The National commission has decided that the big leaguers were justified in canceling. It is understood that Clarke and Leach had a warm session in Chicago yesterday. Fred wanted to know If Tommie had inspired any of the stories sent out of Pittsburg about the little fielder's trouble with the club. The Wee One denied all knowledge of the tales. Pitcher Walter Nagle, the Pacific coast star who Pittsburg secured last winter from the Los Angeles club, has been sold to the Boston American league club and will Join the Red Sox at once. Waivers, it is said have been asked on Jack Ferry and Elmer . Steele. The report about the waiver application on these two comes from the Chicago club, but the Pittsburg owners make denial. Chouinard does not pretend to be an infielder, but owing to the fact that Chicago's infielders are In bad shape he was ordered to play second. In the outfield he is a ball player, according to Manager Duffy. George Mullin of the Tigers always starts off the season In great condi tion to pitch winning ball. Mullin has for several years won enough gabes in the early part of the season to as sure him a high position In the final pitching standings. It has been plain ly through Mullin's early season work that the Tigers have been up there around the lead for so long. Mullin is conceded to be the best cold weather pitcher in the game. Roger Bresnahan, after several years' trial, is in a fair way to estab lish himself as a manager this season. He has surrounded himself with a lot of good young ball players since he took hold of the Cardinals, and this year that team is cutting a much wid er swath than was anticipated. Bresnanan deserves success. He nad a hard row to hoe for several years, for the team which was turned over to him was outclassed in every way and gave promise of notMng. But Bresnahan gradually bettered conditions. Nothing helped him as much as the securing of Miller Huggine, his field captain. Huggins is a grcit ball play er, and Clark Griffith made a great mistake when he let him go. That Charlie Ccmisky knew what he was doing last summer when he put through the famous deal with John I. Taylor, whereby Lord and McConnell changed the color of their socks from red to white, and Purcell and Smith went to the Hub, is now plainly -evi dent. Harry Lord, considered by many the greatest third baseman in the business, is playing his usual dash ing game at the hot corner for the White Sox and hitting around the .356 mark, and McConnell, though at present injured, basdone fine work this season. On the other hand, Frank Smith, once a pitcher to be dreaded by any team has passed en tirely from the American league, while Purtell, the other naif of the lemon the Red Sox were handed, is warming the bench and has not participated in three ull games this season. ' Genervus. ' "Some men say, reanarked tbe beau tiful heiress, "that X tare no heart." "Oh, tbat doesn't matter r replied the poor but wining youth. TU give yoo mine. Reflect upon yoerr pros ft blessings, of wMrt.etwr oboia baa Btsmy, sot upon yamr ssBst iiilsslsif of which all mea have

National League Won Lost Pet. New York .. ....37 23 .617 Chicago ... 36 23 .610 Philadelphia .36 24 .600 Pittsburg ... 35 24 .593 St. Louis ....32 26 .552 Cincinnati 26 33 .441 Brooklyn ... 21 38 .356 Boston .. ... .. 24 46 .343 ' American League. Won Lost Pet Detroit 42 19 .6S9 Philadelphia 38 20 .655 New York 33 24 .579 Chicago 29 24 .547 Bot'on 32 28 .533 Cleveland 25 37 .403 Washington ..20 40 .335 St Louis 16 43 .271

American Association

Won Lost Pet. Columbus ....40 26 .606 Kansas City 37 28 .569 Louisville ...34 33 .507 Milwaukee .. 34 32 .515 Minneapolis ...33 35 .485 St. Paul ...32 35 .477 Indianapolis 28 38 .424 Toledo 2S 39 .418

RESULTS YESTERDAY. National League St. Louis-Cindinnatl Rain. Two games today. R.H.E. Boston 1 4 1 Philadelphia .. .... ........ 3 3 0 Weaver and Kling; More and Moran. . H.H.B. Chicago . 0 5 0 Pittsburg 3 6 1 Ruelbach Richie, Curtis and Archer; Camnitz and Gibson. R. H. E. New York ... 7 12 2 Brooklyn 4 8 2 Mathewson and Meyers; Schardt, Kuetzer and Bergen. American League. R. H. E. Philadelphia ... . . . 7 12 2 ....1 6 1 Hall and Boston Morgan and Thomas; Nunamaker. Detroit-Chicago Rain. Cleveland-St. Louis Rain. R.H.E. Washington .. -. ., 2 5 1 New York ..... ..... 9 15 1 Leroy and Ainsmith; Baskette and Blair. R.H.E. Washington .. 6 4 1 New York ...........11 14 2 Hughes, Graham and Henry; Vaughan, Sweeney and Blein. American Association R.H.B. 0 5 1 0 2 1 Milwaukee ............ . Indianapolis ... Gilligan and Marshall; Schlitzer and Ritler. Game called in the sixth on account of rain. R. H. B. .10 16 2 St. Paul ... Toledo .. : .484 YingUng Decannierre ahd. Kelley; and Carrisch. R.H.E. Kansas City-Columbus Rain. Minneapolis ............... 4 7 2 Louisville ...10 16 3 Smith and Owens; Cheney and Hughes. Mad Hia Pooition Clear. An old Pennsylvania German living in the mountains had a hard three hours' dusty walk to accomplish one morning, and he rose very early to make his start He bad gone but a littlo way when be was overtaken by an automobile. The driver picked up the old man, and they were at his des tination in about twenty minutes. "Danks so much awfully mlt de ride. If I had known myself to be here al ready two hours in front of de clock yet I vud be at home fast asleep already to start unless I knew you vud not have picked me np since." House keeper. 8eottish 8tudents' Dress. The Scottish university student has a code of etiquette in clothes as strict as that of Eton or of Harrow. , And into it tbe straw bat enters. On Sept 13, be the weather ever so bleak, the streets are full of what the small boy knows as "strawbasbers." On tbe 16th you will find never a one on a stu dent's bead, that is. As for the medi cal student, he seldom wears a straw hat at all or anything in its place. It Is bis pride to go bareheaded, as it Is to wear a fancy waistcoat and turned tip trouser ends.,, The arts and divinity men sedately avoid these last three fashions. London Chronicle. The Forgotten Picture. Mr. Hope Moncrieff recalls in "London" a curious story of Lord Hertford. The one noble taste he had was for the collection of pictures, which be is said to have bung wltb their faces to the walL He once commissioned an agent to find him' a picture which, It turned out. he bad himself bought three or four years earlier! Doesn't Require Magic. Cloufflst I saw a magician last night who made ten dollar bills disappear as though they had never existed. Spendit Huh! I can do that XltTIa delphla Record. Fairy tales are -made out of tbe dreams of the poor. LowelL Foul try note by Crosby in the Downs (Has.) News: Crs. S. E. Chapln haa 325 young chickens and one goose.

INVESTIGATE ACTS OF COFFEE OCTOPUS

Uncle Sam's Activities Have Stirred Controllers of This Drink to Prepare Their Defense. .continued from Page One.) the greed of both the trust officials and the Brazilian government: Diplomats from nearly all ot tbe In dependent coffee growing districts in the world, and the independent coffee interests declared that a countervailing duty by the United States would induce a big increase in production, and In a few years they believe would restore the market to a normal balance and cripple the trust. Department of Justice at Work. Meanwhile, with the tariff makers talking and the diplomats agitating the Department of Justice Is saying nothing, but quietly Investigating the American end of the coffee trust. As late aa April 15, Attorney General Wickersham gave his Bureau of Investigation and Research the necessary authority to send several men abroad on a secret mission. It was afterwards discovered that their business was to investigate the methods of the coffee trust in handling its products. Men have also been sent to Brazil where this end of the business conducted by the coffee trust has been thoroughly investigated. Now the inspectors and investigators are making a systematic investigation of the trust methods in the United States. Just what Is to be done with the trust, is of course, not definitely known. At all events the subject 1 being thoroughly investigated by the Department of Justice and should congress express a desire to have the trust proceeded against under the Sherman anti-trust law Attorney. General Wickersham will be ready to comply... '.' -SPOILED THE ACT? An Incident That Enraged the AoW and Amused the Audience. . Some years ago a melodrama waa being performed in a country theater, tbe chief actor in which had made himself, from his haughty and over, bearing conduct disliked by all. In the last scene be was supposed to visit the tombs of his ancestors. In . tbe center of tbe stage upon a marble pedestal stood tbe statue of his father. A heavy fold of drapery covered the figure. Enter, Albert who thus addressed the statue: "I am here once again to gaze upon those features which In life so often looked on me with tenderest affection. Father, thy mourning son now cornea to pay thee adoration. Let me remove the veil which from the vulvar gaze shields the beloved Image of a once dear parent!" f 1 : , Off went the drapery, and, behold, there was disclosed the statue of. the father gracefully standing upon its head. The effect cannot be described. It was electric. Tbe shouts of laughter which followed tbe mistake of tbe super effectually put an end to tbe scene, which changed to the next as quickly as possible amid tbe jeers of the audience, the anger of the manager and the uncontrollable rag of the . actor. London Telegraph. THE PARISIAN CABUAfl A Deadly Verbal Insult That WEI Render Him Soaeshlaea, A discreet knowledge of slang is a very useful accomplishment for the stranger or the foreign resident la Paris. Thus if a cabman is rude or more than usually extortionate or if he splashes you with mud from head to foot as he passes and then turns ' around to grin at the damage done, and cochers frequently do these things, an inadequate command of tbe niceties of tbe French language leaves all the advantages on bis side. You might call him "idiot" or Wn vage," but th! would only tickle him. If, however, you were able to shout Va dono, Collignonr the result of the ' encounter would be at once wholly In your favor. To say "CoIMgnon" to a cocher Is the supreme insult It leaves him gasping and further speech on his side useless. It is easy to understand why. tjouignon was a coaenman woo aa long ago aa 1855 went to tbe house of a poor professor and murdered him because he bad protested against an overcharge, it is satisfactory to know that Collignon was promptly tried, sentenced to death and guillotined.. To -this dsy, then, "Ya Collignonr remains the last word. Paris' Cor. New. Yorki : Sun. His Inspiration. "Isn't inspiration a queer thing? "I suppose so. , What about it?" "Why, a few weeks ago I had a reddressmaker's bill, and when I came down to the office I was mad enough j to chew spikes. Tben I sat down atj my desk and wrote a little poem on 'Help tbe Erring Brother with a Single Kindly Word? And, say, those verses, i born of bitterness and nourished by anger, have been copied in the leading I newspapers all over the country! How's thatr r me. v uj uuu i jvu uujjtuvo iu , the idea?" -Howr" "Why, get mad enough to beat up . your wife, set fire to the bouse, shoot a policeman and then write an epic that will go thundering down the ' ages." Cleveland Plain Dealer. The postofflce of this country nan-1 dies annually about 14,000,000,000 ti pie ces of mail, while that of Mexico bandies about 10,000,000 piece.