Richmond Palladium (Daily), Volume 40, Number 145, 1 June 1915 — Page 7

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, TUESDAY, JUNE 1,1915

PAGE SEVEN

MARKET REPORTS

WHEAT SHOWS LOSS AS LONGS SELL OUT

CHICAGO, June 1. Liquidation by longs continued right up to the close of the day in wheat, corn and oats. It was believed that the liquidation of what recently was accumulated by James Patten was sold out Saturday, that in addition a short line was sold today. There were net losses in wheat 3t 2i4c. in corn of 7ilc. and n oats of lVi194c. Provisions were lower all around. There were no sales of cash wheat reported. Sales of other grains were only moderate including 320,000 bushels of corn and 305,000 bushels of oats. The visible si ply of wheat decreased 224,000, corn 2,281000. and oats 1,602,000 bushels for the week.

LIVE STOCK

CHICAGO. UNION STOCK YARDS, 111.. June 1. Hogs, receipts 13,000; market slow, unchanged; mixed and butchers. $7.50 a7.80; good heavies. $7.207.75; rough heavies, $7.207.35; light, $7.75 $7.7.75; pigs, $6.007.40; bulk of sales, 7.657 80. Cattle Receipts 3,000; market steady, strong; beeves, $7.107.30; cows and heifers, $3.308 75; texans, $6.507.50; calves, $7.00(S 9.50. Sheep Receipts, 7,000; market strong; natives and westerns, $5.50 7.50; lambs, $7.50g 9.90; spring lambs, 7.50?: 11.50.

INDIANAPOLIS. INDIANAPOLIS, June 1. Hogs, receipts, $9,000; market 5 and 10c lower; best hogs, $7 757.90; heavies, $7.607.80; pigs, $6.757.50; bulk of sales, $7.70-7.80. Cattle Receipts, $6.50; market 10 and 13c higher; choice heavy steers, $.8.35ft 910; litht steers, $S.008.50; leifers, $7 50rr8.75; cows. $6 007.25; lulls, $6.50$i7.35; calves. $5.00( 8.75. Sheep and Lambs Receipts, 200; market steady; prime sheep, $5.00 5.75; lambs, $S. 2oi 8.75.

CINCINNATI. CINCINNATI. June 1 Hogs: Receipts 3.400, market steady. Cattle re :eipts 300. market steady. Sheep receipts 300, market steady; lambs $8. 50 Ti 11.25.

Hog Trade Does Well; Price Near High Point Hog values are still hovering close to the highest level of the year despite some predictions that May would find the market in a slumpy condition. Many farmers are asking "When is the break going to occur?" It is characteristic of the hog trade for prices to go lower in June, but some go so far as to say that this year it will not come as early as usual. At present the prices are holding up well and the packers are supporting the market even though eastern demand is of comparatively small volume. It looks as though packers need offerings, and as long as they keep up their present tactics little reaction can occur. Receipts for the month to date and for the year thus far show material increase over the corresponding periods in 1914. Industrial unrest has had a tendency to cut down the demand for pork, but packers seem to get rid of the product in some way or they would not continue to support the market. As long as the speculators go slow the packers are free buyers, but whenever that class of buyers gets rampant the latter operators show a bearish tendency. The market is fairly healthy, considering the size of receipts around the circuit, and unless something unusual happens most traders are looking for no material change in prices for several weeks ahead. There Is a vast difference of opinion as to the future course of prices, but there are more traders looking for a higher level than for a lower one. While we may have a reaction late in June, it appears as though July and August selling would be very satisfactory. A few months ago prices were forced down to a comparatively low level, and packers realized that it was detrimental to their interests in the future to allow value to get too low. Whenever prices get down to an unprofitable basis the farmer abandons the raising of pigs, or at least materially reduces the number. A few years ago prices went down to around $4.00. What was the result? Nothing else but minimum production and an advance in prices until $11.20 was reached.

steady; creamery firsts 27428. Eggs steady; 2425.

CHICAGO FUTURES

BY CORRELL &. THOMPSO Brokers, I. O. O. F. Bldg. Phone

N, 1446.

WHEAT. Open. High. Low. Close July 124 124 120 121 Sept 119 119 II6V2 H7V4 CORN. July 76 76 75 75 Sept 76 76 ,75 75 j OATS. j July 49 49 47 47 1 Sept 44 44 43 43 I MESS PORK. July $18.05 $18.10 $18.00 $18.02 Sept $18.45 $18.50 $18.35 $18.35

RICHMONDJARKETS GLEN MILLER PRICES HOGS. Heavies $7.40 Heavy mixed $7.50 Heavy yorkers $7.50 Light yorkers $7.25 Pigs $6.507.00 Sows $6.006.25 Stags $5.00 and $5.50 CATTLE. Best steers $7.50 Heifers $7.00527.50 Good cows $5.006.50

NEW YORK EXCHANGE STOCK QUOTATIONS

Amalgamated Copper

PITTSBURG PITTSBURG. June 1. Cattle supply, light: market, steady; choice steers, $S.75,?i 9.10; prime' steers, $8.50 (fi8.S5; good steers. $8.35tfr3.75; tidy butchers. $S.25fi S.liO; fair, $8.S5&.60; :ommon. $6.65(?i 7 25: common to fat julls, $5.50(5 5.75; comnio to fat cows. M.00 7 .10; heifers, $7.508.25, fresh ov5 and springers, none; veal calves, H. 00 i7i 9.50. Sheep and lamb supply light, slow; prime rveihers, $6.25 6.50 ; lambs, S,1. 00f 9.75; spring lambs, $7.00'g 12.iii. Hogs Receipts light; market steady; prime heavy, $8.00 S. 05; mediums, $S.10fz 8.15; pigs, $6.008.50; loughs, $6.006.60; stags, $5."05.25; heav.y mixed. $7.908.10.

GRAIN

American Beet Sugar U S. Sieel

St. Paul

Lehigh N. Y. (

Reading Southern Pacific Union Pacific

Ex. dividend Southern Pacific 1 and Union Pacific 2.

35 36 64 65 64 64 45 46 53 54 99 100 88 88 117 117 25 25 140 140 85 85 103 104 106 107 141 142 85 86 123 124

Canners $2.50 Mid $3.50 Calves $8 for Saturday delivery SHEEP. Top lambs 7c Spring lambs 8c

PRODUCE (Corrected daily by Edward Cooper.) Chickens dressed, paying ,18c. selling, 25c. Country butter, paring 18c, to 25c; selling, 25c to 33c." Eggs, paying 16c, selling 20c. Country lard paying 11c: selling 15c. Creamery butter, selling 33c. Potatoes, selling 70c per bushel.

Representative Sales At Indianapolis

Hogs

CHICAGO CASH

CHICAGO, June 1. Wheat: No. 2 red $1.32. No. 2 hard $1.361.38. j

Corn: No. 2 white and yellow .txo 75-V Oats: No. 2 white 5051, No. 3 white 49551, No. 4 4950, standtrd 50'451.

7 5 17 32 33 88 85

S3 69

Steers.-

TOLEDO. TOLEDO. June 1. Wheat: Cash, fl.38, July $1.21. Sept. $1.19. Cloverseed: Cash $7.80, October, $S.37. Alsike: Cash $7.S5. Timothy: Cash $2.95. September $.1.15. October $3.1

5 3 15 18

-Heifers.

PRODUCE

Bulls.

CHICAGO. CHICAGO, June 1. Butter receipts 1 23.379 tubs; firsts 25(925. Kgg re-! eipts 22,436 cases; 18c. Live poultry. ' hickens 15, springers 22?i30, roosters

-Calves.

10. Potatoes, 50 cars, Wisconsin 4550.

Michigan and

NEW YORK NEW YORK, June 1. Dressed poultry, riuiet : chickens 16!18. fowls 13 Ti 1S Live pourtry, irregular, chickens 26?i3'V fowls 16 (Tn7. Butter,

Av. 101 102 204 161 177 194 160 185 213 7S0 814 853, 1223 1354

530 820 742 610 744 965 1140 1150 1205 510 1240 1260 1740

170 110 150 150 157 140

Price $7.25 7.50 7.50 7.75 7.75 7.75 7.80 7.80 7.80

COAL PRICES Corrected Daily by Hackman&Klefoth. Anthracite nut. $8.30; Anthracite, No. 4 or egg. $8.05; Pocahontas, lump or egg, $5.00; Pocahontas, mine run, $4.25; Pocahontas, nut, $4.50; Pocahontas, slack, $4; Jackson lump. $5.75; Winifred lump, $4.50; CampDell Creek lump, $4.50; Jewel lump. $4.75; Yellow Jacket lump, $4.75; Tennessee lump, $5; coke, all sizes. $6.50, nut and slack, $3.00. Carrying, 50 cents a ton. Chutes 15 feet and over, 25 cents r ton.

.Zo 8. OOi 8.35 j 8.85 I 9.10' 6.25 j

. 1 .zo 7.75 S.25 8.50 5.25

5.85 6.40 7.00J 5.50! 6.25 j 7.00 , 7.35 I I 6.00!

7 7 I

s.ooi S.25j

8.50 8.75

FEED OUOTATIONS Clover hay, $18.00. Timothy hay, selling $21. Prairie hay, selling $15. Straw, paying $6. "; Oats, paying 48c. Corn, paying 75. Red clov seed, paying $5.00. Bran, selling $28 ton. Salt. $1.40 barrel. Tankage, $48.00 ton. Oil meal, $38.00 ton. Middlings. $31 $1.60 per 100.

TURKS SUFFER LOSS

CONSTANTINOPLE, June 1. The Turkish war office today issued the following: "The enemy on Monday attacked our right wing. He was repulsed with 100 killed. More dead were observed in the valley. The enemy also attempted a surprise attack to re-capture trenches lost Sunday. He was repulsed, losing many killed, arms and ammunition. Artillery and rifle fire were exchanged on the front near

Sed-Ul-Bahr."

China offices.

last year opened 992 post-

CLEVELAND INDIANS NEAR THE BOTTOM; BIRMINGHAM WOULDN'T RESIGN; FIRED

With the Cleveland club near the bottom in the American league and losing money every day, Owner Somers of the Indians asked Manager Birmingham to resign. Birmingham refused and was fired. Lee Fohl, coach for the pitchers, has been named as '-tmjjprary manager of the team.

LAW UPHOLDS DOCTOR

MEMPHIS, Tenn.. June 1 Judge McCall of the federal court today handed down an opinion that narcotic law can not apply to physicians accused of over prescribing drugs to patients in that the act does not express In words a limit for doctors in such practice. So long, he said, as aphysician complied with the law and by retaining copies of prescriptions, the name to whom the prescription and by having the same properly written on an internal revenue blank he is within his rights

TOY We Are ready to loan In an; amount from $5 to $100 on Household Goods, Pianos, Teams. Fixtures. Etc., without removal, for ono month to one year in monthly, weekly or quarterly payments. We Pay Off Loans With Other CompaniesHome Loan Co. 220 Colonial Bldg. Phone 1509, Richmond, Indiana.

Lusitania Dead Reach Home Port

ARMY OF INVASION IN TYROL AND TRENT DEFEATS AUSTRIANS : 1 ROME, June 1. Fighting In drenching rain storms that have turned the Alpine streams to raging torrents, the Italian army of invasion in Tyrol and Trent continue to make progress against the Austrlans at every point. Italian troops that advanced up the Adige valley east of Lake Garda. have passed Ala and occupied Mount Zugna. dominating Roverto, it is officially announced. Artillery duels are raging in the mountains of Trent and Tyrol. Near Mount Croce, Italian Alpine troops repulsed six severe attacks by the Austrlans and then turned and delivered successful counter attacks.

With her flag at half mast the American liner New "York arrived in New York bearing the bodies of nine victims of the Lusitania disaster and one survivor of the wreck. Among the bodies on board the New York was that of Charles Frohman, well-known theatrical man. The pic ture shows the body of Charles Frohman being carried from the steamship to the waiting hearse. The flag-draped and flower-laden' coffin really for the first time brought to thiscity the realization of the awful nature of the disaster. Insert is of Dr. Carl E. Foss, who bitterly criticizes the manner in which the ship was managed both before and after the striking of the German torpedo which sent her to the bottom. . v

AMERICANS LEAVE GERMANY FOR BERNE

T nvnnV .Tune 1 T J rn nnmhfra

j of Americans, fearing war between ! Germany and the United Stated, are

hastening from Germany into Switzerland, according to advices received here today. A dispatch from Berne to the Morning Post states 'that during

the last few days the departure of j Americans has become a positive exodus.

POPE PRAYS PEACE FOR U, S. PEOPLE

BY BRIXTON D'ALLAIRE. International News Service Staff Correspondent. ROME, June 1. Pope Benedict XV., in bestowing his papel blessing upon a number of newy-ordained American priests, who have just been graduated from the American college, declared that he is praying that the United States may be spared the horrors of war. Mgr. Kennedy, rector of the American college, and a number of American priests were received in private audience by the pope at the Vatican on Monday. The pontiff in addressing the young priests upon their future activities, said that the European war has opened up a large field for Christian zeal. The Vatican has granted a dispensation to Italian priests, freeing them from strict vows of seclusion, so that monasteries may be used for military hospitals.

EXPECTED TO SHINE IN "BIG NINE" MEET

DYNAMITE PLANT.

SAPULPA, Okla., June 1. City officials today were investigating an explosion which wrecked the plant of the Sapulpa Herald. The explosion'is supposed to have been caused by dynamite. It was followed by fire. The Herald has for some time been waging a war against lawless elements in the city and county.

FRENCH FIGHT HARD TO HOLD SOUGHEZ

PARIS. June 1. Violent fighting for possession of the sugar factory at Souchez, marked Monday's stage of

! the great battle between the Germans

and French, north of Arras, says the official statement today. The. French took sixty German prisoners at that point. On the plateau

1 of Notre Dame de Lorette the French

captured a German defensive works. Souchez lies on the main highway leading from Arras to Bethune, and is the junction point of a strategetical road leading westward from the important railway center, Lenz.

GERMANS ARE MOBBED

LONDON. June 1 Anti-German riots; more furious than any other, broke out as the result of the Zeppelin raid last night. An enormous amount of German owned property was destroyed. Persons of Germany sympathy were mobbed.

NAMES AMERICAN.

j ROME. June 1 Announcement was made at the Vatican today that the Rev. Hanna of San Francisco has i been appointed an arch bishop and ! that the Rev. Joseph Class, a parish ' priest of Los Angeles, has been api pointed Bishop of Salt Lake.

Capt. Francis Ward. Capt. Francis Ward of the University of Chicago track team is ex

pected to shine at the' "Big Nine" conference track meet at Urbana, 111., June 4 and 5. He is counted 1 upon to win the 220-yard low hurdle end the 120-yard high hurdles. He fas a mark of :24 8-5 in the first vent, ?nd of :15 2-5 in the secord.

DAMAGE COAST GUNS

SEATTLE, Wash., June 1. Despite secrecy it has been learned that the guns at Fort W'orden and Fort Flagler1

at Port Townsend, guarding the en-' ! trance into Puget Sound, have been ! damaged by unknown persons. It also j is stated that strangers some time ago j photographed the fort, showing the positions of the guns and as a result 1 an order has been issued allowing no visitors hereafter.

The census bureau has estimated that the population of the United i States passed the 100,000,000 mark on : April 2.

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Era

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