Indianapolis Journal, Volume 52, Number 349, Indianapolis, Marion County, 15 December 1902 — Page 9

THE IXDTAXArOUS JOüRXAI,. MONDAY, DE CK 31 BE R 15, 1902.

3C WEEK IN WALL STREET

Capital and Surplus - - $1,300,000

UNITED STATES DEPOSITORY

! r-l E3E BOLTS. TÜRNBUCKLES HEAVY HARDWARE THE LIVE STOCK MARKETS CATTLE VALUES TOCCII THE LOWEST POIXT OF THE SEASON. II ok In Moderate Demand and About Ten Cents Lower Sheep Quiet Condition of Other Markets. UNION STOCKYARDS. INDIANAPOLIS. Dec. 13. Cattle Receipts. 150; shipments small. Th combined receipt cf cattle thl3 week Indicate & decrease of about -.1.200 compared with last week and the . same week a year ago, and enly about 200 compared with the corresponding I week two years. ago. Thus far this year the receipts are J.500 larger than, the same period last year, and for the month thus far there is an Increase of nearly 200 compared with the same period, last year. It is hardly necessary to repeat that the market this week, from the seller's point of view, has been the most unsatisfactory cf the season. 'This condition was not the result of excessive .supplies here, but certain other markets wer glutted, which caused a reaction In prices, and. of course, this naturally had a weakening influence here. It not only caused local - houses to be more particular In their selections. but It affected the demand -from outside sources considerably. Another weakening factor was the small percentage of strictly choice cattle in the arrivals. Of course. It Is generally understood that st this season of the year there Is smaller requirements 'for the cheaper grades, while thick, fa; cattle of fancy quality have the preference to' supply the Christmas trade. The downward xwvement In prices began early in the week, especially In the steer department, and there was hardly a day that 1 uyers did not make further reductions. The good cow and heifer stock, on account of the small number marketed, did not show much change until the latter part of the week, but finally all .kinds were selling at the lowest prices of the season. As usual under such conditions, prices were very irregular and It was. indeed, very difficult to make an estimate of the market that conformed with the Ideas of all dealers, but at the close of the week It was generally conceded that fat steers had lost from Sic to 50c and females from 10c to 20c per 100 lbs compared with prices prevailing at the close of last wek. In sympathy, with the market tor fat cattle, stockers and feeders also sold weaker, but the best kind? were not a great deal lower. It la possible that the sharp de"clfiie In values this week will cause a smaller marketing In the near future, and In that event there is some hope for a steadier tendency in the market, but it Is hardly ' expected that there will be any liberal demand for such cattle as represent the bul2 oT" the "consignments at this" time. The! highest prices paid this- week were .Sü.Si).or steers, SS for heifers and 14-25 for cows, Lut there were comparatively, few steers sold above or heifers or cows above S4. There were not many "frea'h- arrivals to-day, but a few cartied over from, yesterday made the supply about as large as expected at this time in the week. Aa. usual on Saturday there were no important - orders in the hands of buyers, and it was more or less difficult to consummate Baits, but transactions were considered about steady compared with yesterday. Quotations: Good to Choice steers, 1,350 lbs and upwards .. Ji-.j'tf a-0 Plain fat steers, 1.550 lbs and upwards. 4.35'tJ 4.73 Oood to cholc.1.2"0 to 1.300 lb steers.... 4.50'ij 5.00 Main fat U?J to 1,3W lb steers 4.25tf i.v) Good to choice !)0 to 1.150 lb steers 4.25'i 4.50 Plain fat S"0 to 1.150 lb steers Z.Voip 4.25 . Choice feeding steers. l.Ooo to 1.1 J0 lbs.. 4.25 4.50 'Good feeding steers, aeo to 1,100 lbs 3.75 t 4.Z Medium feeding steers. 0 to JW lbs... 3.25'u 3..J Common to srood stockers 3.XKf 4.23 Good to choice heifers i -Wu -25 Fair to medium helfe Z.im 3.4) Common lUht belters 2.2Ö& 3.W C.ood to choice cows. ....... .............. 3.35t 4.0J Fair to medUm cows 3.25 Canners and cutters ; 1.00 3.00 Prime to fancy export bulls 3.75'y 4.00 Oood to choice butcher bulls 3.2-u 3.5) Common to fair bulls. ....A.. ...... 2.75i? 3.1, Veal calves .0Wil .M Heavy calves 4.0uj 6.00 tWoJ to choice cows and calves.. 3j.Ou6j;O.OJ Common to medium cows and calves... 20.0oyJ0.oo Representative Sales Steers. Jfo. AV. Pr. No. Av. Pr. 2 ..W $5.60 II..... 1172 14.23 0 ...13S7 4.75 3 i 4.00 2 llrt 4.60 9 1007 4.00 '... ....i271 4.40 ' ..... .-Helfers. . No. ' Av. Pr. No. Av. Pr. 8 SSO $4.25 I 2 50 $3.60 -Tj. 902 4.00 J 3 71 3.50 2 SDO 4.W I 10 8Ö0 3.S0 Cows. No. Av. Pr. No. Av. Pr. 2 . 104: $4.00 I l u:azm l 1280 3.50 I 3 Cutters !16 3.00 1 luyO 3.40 I , T Cutters W8 2.75 . . Calves. No. Av. Tr. No. av. rr. 3.l.i 1 17.00 4,. 155 TOO 1 l 6.75 1." .. 140 C.7S 1 170 16.00 2 5 6.00 2 135 5.75 1 10J 5.50 " Hogs Receipts. S SOO; shipments, 1.000. The receipts of hogt this week have been comparatively email, showing a decrease of over 11.C00 compared with last week and a little less than 9.000 compared with the same week a year ago and not quite 14,000 compared ; with the corresponding week two years ago. The receipts thus far this year are 225,000 smaller than the same period ' list year, and the receipts thus far this month are over 11. OH) smaller than the same period a ear ago.' For the week ending yesterday the eadlng local packers bought a total of 30.2X. against 15,713 the preceding week and 38,052 the same week a year ago. During the same period the shipments were .5G3. against 21.761 the preceding week and 10.60 the corresponding week a year ago. The market this week opened with a downward movement in values, but about the middle of the week the decline was checked tem- . porartlT, and in fact all of the early lots was regained. Later, however, the downward course was resumed and at the extreme close of the week the average in price was betwevn 15c and 2c lower than the high time, which was on Wednesday. The two principal factors contributing to the weakness in the market were the difficulty in eettln- cars for Rastern shipment snd the demoralized condition of neighboring markets. 1 'ackers naturally are inclined t0 press the market at this sea.on of the year, Knt it must be admitted that local houses have been very reasonable here this week considering that "they were favored by many weakening influence. The quality of the current offerings has been generally satisfactory and a large percentage of the supplies have been hogs of medium to heavy average. All buyers have been Inclined to discriminate against the lighter hogs and the spread in prices is wider at the close of the week than at the opening. The receipts to-day were only a little smaller than a week . ..nanJ about the same as a year ago. The mar ket opened with packers practically the enly ' buyers in the field, and with no opposition and unfavorable reports from other places they were Of course Sianumn iur tu wer prices, mey . rt unreasonable, however, and It did n,t lone to establish a trading basis. Salei from the start were In practically all cases a ' gat joc lower than yesterday, and the supply was changing nanas ss promptly as could be expected on that bals. Later In the day shlpim roelved a few orders and the market rallied a trifle, but only a few sls could be made at what mlxht be considered any higher prices than the opening. Rtill later, with additional receipt?, the market Warns rather ouiet. and it was more or less difficult to sell the last arrivals at the early decline in prices. A review of the sales for the day indicates that the general market was right around 10c lower, with the declrne principally on th hsavier grade, and there were probably a nym,r'r, of ght hogs ttat .did not sell at the full decline. Sales ranged" Trom $3.75 to 1135. Quotations: Good jo ehcles medium to heavy f.0f.?.33 Mixec and heavy rscking 5.sr,i.2 Oood to choice light weights S.R.-(05 Comm.uk to fair light weights 75iiS.M Inferior to best pigs 5.00Ü5.80 Roughs and stags 5.005.5 ' .-Representative Sales. Nr. Jlr. Dk. Pr. No. Av. Dk. Pr.

?,.. 270 43: 227 tt......23t

ISO $135 35 ' (.35 a 2 91 177 23 171 l) 18.05 SO 6.00 .. (.00

4 TEEL ,0En 3E KT & ijsr HnllinW Tft ilOIUday Cj, CO. 63 234 .. 6.20 126 1! .. 6.00 24 2X3 4') 6.3) SO 184 .. 6.00 49 301 SO 6.20 W Iä3 .. 6.00 Sheep Receipts small; shipments none. The receipts of sheep and lambs this week have been only fair, showing a decrease of nearly 1.S00 compared with last week, a slight change compared with the same week a year ago and a decrease of nearly 4'X compared with the corresponding week two years ago. Thus far this year the receipts are over 22.O0Q Fmaller than the same per'od last year, and the receipts for the month are only 57 head smaller than the same period last year. For all stock suitable for butchers thers has been rather an active market this week and prices have been strong and satisfactory compared with other places. Of course the supply was not large enough to give buyers an opportunity to press the market, but at the same time there was a good healthy demand from all scurces. and no doubt a larger number could have been sold at nrevalllng prices. Occasionally stock that was possibly a little better than the average of good kinds sold at what looked to be higher prices, but there was no considerable advance. Lambs sold as high as $3.25 during the week and sheep as high as $3.73. but S3 was practically the top for the former and S3.S0 for the latter. As usual at the extreme close of the. week a very small number arrived for the market to-day, and the trading was necessarily quiet, but sales represented steady prices compared with those current yesterday. Quotations: Good to choice lambs $4.Vf?5.2r Common to medium lambs S.0tf4 25 Good to choice sheep 3.Xi3.r.0 Common to medium sheep, 2.25ft 2.75 Stockers and feeding sheep 2.0oW3.(;0 Rucks, per 100 lbs 2.O0S2.50 Transactions at the Interstate Yards. INTERSTATE STOCKYARDS. INDIANAPOLIS, Dec. 13. Cattle Receipts light; shipments none. There has been an unusually large break In the cattle market this week. Values all along the line are Quoted 50c per hundred lower than at the close o! last week. Conditions have ruled very unsatisfi ctory all week, and no demand has been noted for anything excepting fat stock. The better grides of butcher stock are salable, but the common kinds cannot be placed at anything like satisfactory figures. Calves have held up well t.11 week, top kinds at the close being worth $7.50. Quotations: Good to choice steers, 1.350 lbs and up- . ward $3.00 5.50 Plain fat steers, 1.200 to 1.300 lbs 4.50a! 5.00 Good to choice steers, W0 to 1.150 Iba.... 4.23'j 4.75 Plain fat steers. 30 to 1.150 lbs 4.00'ct 4.50 Choice feeding cattle. 900 to l.luo lbs.... 4.0CKtf 4.25 Good feeding steers. 900 to 1.10O lbs 3.50's 4.00 Medium feeding steers. 800 to 90Ö lbs.... 3.25') 3.50 Common to good stockers Z.äO'y) 3.25 Good to choice heifers 4.00'y' 4.50 Fair to medium heifers S.XU 3.75 Common to light heifers 2.25'p 3.00 Good to choice cows 4.0C'y; 4.50 kod to choice- cows 3.50'tC 4.00 Fair to medium cews 3.00 3.50 Canners snd cutters L00j) 1.75 Prime to fancy bulls 4.004$ 4.25 Good to choice butcher bulls 3.50 3.75 Common to fair bulls 3.00W 3.2 Veal calves 5.00'tf 7.25 Good to choice cows and calves 3O.Oöt30.0) Common to medium cows and calves. ..20.OOtf30.00 Hogs Receipts small: shlDments none. The hog market has lost ground this week. Prices are 151J20O lower than at this time last week. Conditions have been fair, however. Ths de mand was good after the dally breaks were es tablished. Choice heavy hoars have the best of the present call, the result being that the margin between them and the best lights Is still spreading. Top hoprs are worth $6.35 to-day. with the best lights quoted at $i. To-day's market was weak to a shade lower than yesterday. All grades were sold, the market closing quiet-at quotations: ' Common to choice heavies $5.156.25 Common to choice mediums 6.0or(i6.15 Common to choice light weights &.7rvj'6.0) Light and heavy mixed 4.0'(id. Light pigs and ßklps 4.0035.9) Sheep Receipts none: shipments none. The market is still in very good shape. Prices are fully steady and a strong demand, especially for choice lambs, exists from both local and shipping sources. Quotations: Good to choice lambs $4.40Q5.00 Common to medium lambs 3.604.25 Good to choice sheep 2.5'a3.00 Common to medium sheep 2.253.00 tockers and feeding sheep Z.OO-J3.00 liucks, per i?0 lbs 2.0otfZ.dO Elsewhere. KANSAS CITY. Dec. 13. Cattle Receipts. 000. The market was unchanged. Export and dressed beef steers, $3.2'Xa6; fair to good. $2.65 6.15; stockers and feeders, $2. 3.85; Western fed steers, $3 .25; Texas and Indian steers, $2. 3 V; 3. 60; Texas cows. $2fi2.55; native cows. $1.2öyi; native heifers, $1.75ii3.73; canners, Siy 9 l.nlla M nlin. tilt I?aor.ta tet th week. 52.O00 cattle. Hogs Receipts, 5.000. The market was strong to 5c higher. Top, 96.15; bulk of sales, 5.90 6.10; heavy, $5.07s!i 6.15; mixed packers. $5.97Vi'u 6.10; lierbt, $5.856-05; Yorkers. $66.03; pigs, $5.505.a0. Receipts for the week, 51,0o0. Sheep Receipts none. The market was nomi nally unchanged. Native lambs, $4t?5.40; Western lambs. li.8.-TT3.33; fed ewes. S.l'Ua.Sö; native wethers. ( $3.105i4. 60; Western wethers, $3ii4.20; stockers and, feeders, Uecelpts for the week. 31.900. NErV YORK. Dec. 13. Cattle Receipts. 233; no pales reported. Dressed beef rteady; city dressed native sides, THÖlUtC per lb. Cables last reported quoted American ters at 12t'UliMc, dresed weights: refrigerated beer, 10fcCfllc per lb. fcxports to-day, 540 bacves, 1,200 quarters of beef. Calves Receipts. 8: 63 on sale. A car of West ern calves sold at S3.12V per 100 lbs, a few grassers unsold. City dressed veals, general sales, 1045 13'jc per lb. Sheep and Lambs Receipts, 2.4o8: good sheen snd good lambs steady; the market was weak otherwise. About three cars of stock unsold. Sheep sold at J2.'fi2.75 per 11 lbs, culls at 53.75. Dressed mutton. C7Vjc; dressed lambs. 7,4j10c. Hogs Receipts, partly estimated, 2. 3 JO; about a deck on sale; the market was abou steady. State and Pennsylvania hogs held at JG.25 per loO lbs. CHICAGO, Dec. 13. Cattle Receipts. 200; the market was nomlnal. Good to prime steers. $5.fi0 (6.60; poor to medium. $2.50'? 5. 50: stockers and feeders, $24.50; cows. $1.2.V34.50; shippers, $1.9i''(f 5.20; canners. $1.252.35: bulls. $204.50; calves, $3 j7; Texas fed steers. $3.50414.75. Hogs Receipts to-day. 16.C0O; Monday, 35.000; left over. 8.0); the market was strong to Uc higher. 5Ilxed and butchers. $5.7047 6.15; good to choice heavy. $.15fi3.40: rough heavv. $5.&o 6.15; light. $5.5'Vff5.95; bulk of sales. $5.!Ki!flS.15. Sheep Receipts. 1.50; the market was dull. Good to choice wethers. $3,5f24.25; fair to choice mixed. $2-50fr3..ryi; Western sheep. $3.63ff 4.25: native lambs. $3.755.50; Western lambs Hi 5.25. Official yesterday: Receipts Cattle. 4.91S; hoes, 37.603; sheep. 21.073. Shipments Cattle, 6.745; hogs, 5.032; sheep, 3.5S6. ST. LOUIS, Dec. 11. Cattle Receipts, 2.00, Including 1.6"0 Texans; the market was dull, slow and steady. Native shipping and export steers. f4.504i5.5o. with strictly fancy worth up to $.75: dressed beef and butchers" steers. $4'u5.25; steers under l.MM lbs. $3.75:5.23: stockers and feeders. $2.4.W4.23; cows and heifers. $2.25'!r5: canners. $1.5O',i2.50; bulls. $2.2.Vft3: calves. $4-&7; Texas and Indiin steers, J2.604.23; cows and heifers. S2.2-itt3.4o. IIoss Receipts. 1.5: the market was strong and higher. Pigs and lights, $5.705.90; packers. $5.S5S16.10: butchers. $j6.. Sheep Receipts. l.OfO; the market wss quiet. Native muttons, $3.303.90: Iambs. $4.3Hi5.50culls and bucks. $24; stockers. $1.50ff3; Texans, $2.6'"ß3.30. OMAHA. Iec. 13. tattle ltecelpts. SOO. The market was aun ana uncnanjeea. as tire steers, $3.26i6: cows and heifers. $.v.i4; Western steers. $3.25ii4.ao;iexans, i-'.aoy 4.za; canners. $t.5of 2.30; stockers ana leeaem, ?.504j4.Z0; calves, $3 ii6. Hogs Receipts. 6,000. The market was steady. Heavy, ?ti6.05; pigs, $5ß5.s5; bulk of sales. $3.95 Sheep Receipts. 2.00. The market was nominal. Fed muttons. Slfi4.40; Westerns, $3.23ii 3.90; wethers. $3.6'j4: ewes, $5.25ii4.25; common and stockers. $1.25'ti3.23; lambs. $1115.50. EAST BUFFALO. Dec. 13. -Cattle-Receipts. 00. The market was steady. Veals steady. Tops, $S.50'y3; common to good, $3.&oij8.23. Hoks Receipts. 7.7v. Plrs steady; others 101 13c lower. Heavy, $6.25gH33; mixed, $.1016.2; Yorkers. $6'vi6.10; pigs. $6; roughs, $3.505.73; stags. $4.5045. Sheep and I.ambs Receipts. S.VkX The market was steady. Top lambs, $5.75fr.-.S5; culls to good. $4 23'u5.5; yearlings. $4. 2". i 4.73; ewes, $1.25 t)4.5o: shp. top mixed. $3. 75') 4; culls to good. $1.731j3.fc5. LOUISVILLE, Dec. 13. Cattle dull. Choice to prime shipping steers. $5tt3.23; medium to good shlpring steers. $4.7503; choice butcher steers. $1.25vj4.5); medium to good butchers', $3.734; choice veals. $5.50 U 6. Hogs Hi 10c lower. Rest heavy, $6.15; light shipping. 3.); rouichs. $3u5.?0. 5?hep and Limbs Rest sheep, $2.7553; extra lambs. I4.&VÜ4.75. EAST LIBERTY, Dec. 13. CattleReceipts. 150; the market was steady. Hogs Receipts. 2.f00. Heavy. $.36.33: meJiurns. SS.15fr6.20; best heavy Yorkers, $6.15; light Yorkers. $i.05: pics, $.V9"96. Sheep Receipts. 700; sheep, $4.10 down; lambs, $5.63 down. CINCINNATI. Dec 13. Hogs active at lt.73d Cattle steady at $2-33. Sheep strong at $23.75. Lambs strong at Ii O 6.W.

A I'CHIOD OP DRASTIC LIQUIDATION AND FALLING TRICES.

Monetary Condition the 3Iovlnjr Influenee In the Situation InHuence of Hank Statement. NEW YORK, Dec. .13. The small decrease In the loan Item of the banks, disclosed by the weekly statement to-day, proved a disappointment to speculators, and stocks were sold freely after Its publication. The market closed, in consequence, active and weak. Earlier in the day the movement was nervous and uncertain on a rather active market. There were several alternate advances and declines before the final active selling movement. The volume of the week's liquidation in stocks under the losses entailed were felt to promise a more extensive loan contraction than reported, which was 12,CC5.5j0. In yesterday's late drive against the bears the impression got around that an increase in surplus reserves might be disclosed. To-day, by reason of a heavy loan contraction and some special movements of cash from near-by points, the speculators were the more disappointed over the actual showing.. . It is possible that the actual loan contraction is understood, as the heaviest liquidation was in the latter part of the week, and thus only figured for part of the week in the statement of averages. Hut there Is also the possibility that the loans called from the stock market were put out again to syndicates and otherwise. A feature of the day's news was a number of additional calls for installments of syndicate subscriptions. Including the $$,000,w)0 installment on the New York Central bond underwriting, which was reported to have caused some surprise to subscribers. At this time there Is no relief in sight from the subtreasury's drain on the money market, and time loans for all periods are at 6 per cenL and. for the shorter periods 8 per cent. Severe losses In stocks have resulted from the week's trading as a result of the crisis In money. The week started oft with some show of resistance to depression, chiefly in a very dull market, showing the determination of holders not to sacrifice their holdings at a tii.ie when the absorptive power of the market was very slight. Upward movements in some of the specialties from individual causes, notably in Sugar and Amalgamated, helped the contest against reaction, but by Wednesday afternoon the market had turned weak, and it became evident that the hopes of tiding over the money requirements of the market until the turn of the year would have to be abandoned. The banks and money lenders seemed to have taken a decision to prepare at once for the prospective demands on them, and they began to retrench by the contraction of loans outstanding in the stock market. The result was considerable forced liquidation and a rapidly falling market. The acute phase of the Venezuelan situation had considerable effect on the market, principally of a sentimental char acter, but no other cause was needed for the break In Drlces than the entire inabil ity of borrowers to obtain funds with which to carry their holdings. The fact has long been known that the money market would be subjected to severe pressure to meet year-end requirements. A contingency thus definitely foreseen is almost invariably provided for in financial affairs, and the apparent effectiveness of the re sistance which has been established to the decline lulled sentiment into a sense of security that the worst had been passed. The incidents wnich had the principal Influence in disturbing confidence were the transfer of $4j0,000 to San Francisco on Monday and tne snipment or ll.ouo.000 cold to South America in the middle of the week. Large amounts of time loans have ma tured during the week and some money brokers report that in such cases New York banks have refused to renew market loans, but in some cases new accommodation had oeen secured from interior banking Institutions. It is also the case that foreign credits have been largely drawn upon during tne wee dv tne process of placing finance bills in the exchange market. This is part of the operation for evading postponing gold exports, which was Interfered with by me movement xo souin America. The difficulties in the money market were by no means confined to the stock market. Mercantile borrowers were obliged to pay 6 per cent, for all time loans and in some cases commissions brought the equivalent of short-time loans up to S per cent. Another device was an Implied agreement that only a certain portion of the loan should be withdrawn. The heavy customs payments have continued during the week and have made heavy Inroads on bank reserves, and internal revenue requirements have also been thrown on New York banks by orders from other correspondents to make payments at the New York subtreasury. The customs collections showed some falling off toward" the end of the week, and It is hoped there will be relief from this source. Some anxiety has been caused by the week's events regarding the position of various promotions in which large sums have been embarked, but which have been practically tied up and the proceeds made unsalable by the tightness of the money market. Part of the week's heavy liquidation of stocks Is believed to be for the protection of such projects and to meet syndicate calls for payment of subscriptions which tho subscribers had hoped would be unnecessary in case of a prompt flotation of the new securities involved. All other considerations than the money situation have been practically ignored durlnjr the week. Bonds have been quite freely sold with stocks. United States fours declined 4 as compared with the closing call of last week. Following are Saturday's share sales and the recorded price changes: Hlarh- Low. Clostasr RAILROADS Sales, est. est. bid. Atchison 20.600 Ml 731i 7& 97H 97 4 4Va 94, Atchison pref 1.900 97?4 95 Baltimore Ac Ohio .... isaltimore & Ohio prcf Canadian Pacific 9.910 .... .... .... SGI 5.40O 126V, 123 123 Canada Southern 76 Chesapeake & Ohio r.00 45 Chicago & Alton 3n) 31 Chicago & Alton pref loO 704 Chi., lnd. & Louis .... Chi., Ind. Ac Iuis. pref Chicago Gt. Wept 3,500 23; Chicago Gt. West. A pref Chicago Gt. West. 13 pref. 400 31" Chicago & Northwestern Chi. Term. & Trans 300 17 Chi. Term. & Trans, pref C, C, C. & Ft. L 100 94H Colorado Southern 3.1O0 2K Colorado Southern 1st.... 100 671, Colorado Southern 2d 3'K) 41 Delaware & Hulson 200 157 44. 31s 7u; 23 21 3 16i ?4'i 26 674 41V, SO 62 42 13 444 304 69 74 91 23 W 344 212 16 23; 944 26, 67 404 155 245 36 SS" 30 Del.. Lack. Ai est nn. & Rio Grande. 2v 2' 36 31 43'i Den. Si Rio Grande pref.. Krle ... Krle 1st Kris 2d .... 11.R00 .... 300 . . . 1 424 1S74 9$ Great Northern pref 600 190 Hocking Valley IM 9U 9S4 Hocking Valley prer Illinois Central Iowa Central Iowa Central pref Kansas City Southern..... Kan. Cltv Southern rref.. Lake Krle & West t-nfc Krle & West. pref.. 21 s.-,uV s-vT 95 1.400 1114 1404 139 s; .... .... .... 24 65 29 624 43 700 200 304 534 29 524 Iulsvtlle.& Nashville... 4.3'TO 114 4.3'10 1214 n4 11S4 9.1 no 145 im, nr. ManhAf tAtl L.... Metropolitan St. Ry 1.4 137 1ZC Mexican Central 214 Mexican National 1W loVi 15!4 144 Minn. & Ft. Louis ........ joj Missonrl PacMe 23,Srt 1031J ior, 1017i Mo.. Kan. t lexas Mo.. Kan. & Texas pref New Jersey Central ... New York Central Norfolk & Western ..... v'Arfrtik .tr Western pref. 1.4'Vt 53 ; 3 200 52?; 524 2.300 1514 149 lt90 C94 C9 --4 4 1 150 6.S4 92 Ontario & Western Z.iM 274 27 27 Pennsylvania 24.200 1M l.M V,ll Reading 23.6"0 7 M'i f.6 Reading 1st M 73 3--7Si, 66 7S 66 Readln 2d Rock Island J9-l? oek Island pref ,J St. U A San Fran 6 37 0 67 3:. 71 66 66 7 St. I A rfan. St I. A San Fran. 2d.... St.' Tuls Southwest St liouls Southwest, rref. 5v 4 67 26 f.9 M Ra St. Paul c rnl nref . 36,700 170 16S 1 .... jS9 Southern Pacific -.500 Southern Railway ........ 3. Southern Railway pref.... 10 Texss A Pacific I,6TQ et T A West f.9 30 !ft 35': r,r 20 9. 2S M 20 93 25 4 95 90 2: 3S 21i 31 2S 43 Trl!I St. L. A West. rref. Union Pacinc Union Pacific TTl 33.2f0 l.l'X) 700 l.sno 2'V) 2-) SOO 97 91 26 40 31 24 4S 9.-. 9" 2". 39 21 31 23 4S Wabash u'lKmh rref Wheel. A Lake Erl...... Wheel. A iJike Trie 2d.. Wisconsin Central ........ Wisconsin Central prer... EXPRESS COMPANIES

Adams American United StAtes Wells-Far go MISCELLANEOUS Amalgamated Copper Am. Car A Foundry Am. Car A Foundry pref. Am. Linseed Oil Am. Linseed Oil pref Am. Loco.... Am. Loco. crtf...j . f

.... .... .... 210 .... .... ' .... 120 .... .... .... 21 j 5.700 5 L5 L1M 32 22 $2 3 . 89 9 J 100 15 IS 15 1.&Ö0 41 ) 3S 1.S00 : 2: ?:.

NEW YORK CLEARING-HOUSE BANKS, STATEMENT OF THE ASSOCIATED BANKS OF THE CITY OF NEW YORK FOR THE WEEK ENDING DEC. 13. .' The New York Financier will to-day publish the following table, showing totals and the percentage of reserve of the associated banks of New York city:

RANKS Iioans Dank of New York. N. 11. A..... Manhattan Company Merchants' National , Mechanics' National , America Phoenix National , National City Chemical National , Merchant? Kx. National , Gallatin National , Nat. Butchers' and Drovers' , Mechanics' & Traders' , Greenwich , Leather Manfs'. National , Seventh National Am. Exchange National Nat. Dank of Commerce , National Broadway Mercantile National Pacific Chatham National People's Nat. Bank of No. America Hanover National Irving National National Citizens' v Nassau Market and Fulton National.... National Shoe and Leather Corn Exchange Oriental Imp. and Traders National.... National Park East River National Fourth National Central National Second National First National New York National Exchange.. $16.579,0 0 19.y26.tMj 11.575.2001 13.416.Us lS.n3.4W, 4,!MS,XW 12S,4'X.4iX' 5.201. 100j 7.S2S.V 1.64LMk 3.730.. "! l.sio.ioo; 6,4 "5.301 j :tj.7:3.) 70,151.'J0 12.74C.100 3 U28,0"0 2,056.100 15.G47.3uo 43.4rtl,ru0 5.2at,OO0 5,7S3,400 2,527.400 6.22N.OOO 4.7J7.5O0 23.94 S. m 1.S27.70O 22.533,000 47,517,0"0 i,14:.;ioo 1S.8.V5.0! D.ISu.oOO 9.3X8,0 a) 7S.46t.lK 5.323,400 Dowery New York County National... German American Chase National Fifth Avenue German Exchange Germania Lincoln National Garfield National Fifth National Metropolis West Side 2.511.ooo 3.736.200 3,5)0.400 38.CÖSJO0 8,733.500 2,G04,44 2,764.800 11.620.900 7.234,;k 2.2M.5U0 7.3.S9.400 3.071 .(VO Seaboard National 11,219.000 Western 36,17.200 First National. Drooklyn Liberty National New York Produce Exchange... New Amsterdam National Astor National Nat. Bank, of the United States. 4.317.000 8.9S4.000 4.157.200 6.S&MW0 4,391.000 4.803.OO0 Totals ... i 2,0C5,5W

Increase. Decrease. Deserve on total deposits, decrease S1.5S6.S50; reserve on deposits other than United States, decrease $1,582,225. United States deposits of 40,164,700 are included iff the total deposits.

Am. Smelt. & Ref Am. Smelt. & Kef. pref... Anaconda Minintr Co Brooklyn Rapid Transit... Colorado Fuel & Iron Consolidated Gas Continental Tobacco pref. General Klectric Hocking Coal International Paper International Paper pref. International Power Laclede Gas National Ulscuit 3,500 3i 1.300 5,400 2 00 100 3)0 400 40 91Vi My 63 73 20S 174 17? 33i SO 83 61 79 207 114 Vi 174 IS 16'4 71 50 90 44 25 ICS 6 37 99 5C 90 17 76 113'i Kt 12 75 11 ss 14 (A 30 81 S74 91 S3 61 79 2074 174Ü IS 17V4 National Lead . North American ? 21 2' 20 7) 400 2r. 110 f.S ss E7H 20 108 8 37'4 S3 57 Pacific Coast Pacific Mall People's Gas Pressed Steel Car Pressed Steel Ca pref.... Pullman Palace Car Republic Stel Republic Steel pref .... Sugar Tennessee Coal & Iron.... Union B. & P. Co Union K & P. Co. pref... U. S. Leather U. S. Leather pref ir. S. Rubber IT. S. Rubber pref United States Steel United States Steel pref.. 6 1.70) 6.4) 1.710 100 IS'a 77 120 et IS TV n 5314 12i 2.100 11 Ub 1,300 1 46.4W 16,300 800 IS C2 82 4 MVi 88 144 8' i 87a western Union Total nales for the day..4D3.70O Dond Prlce at Xew York. United States refunding twos, reg 107 United States refunding twos, coup 10 United States threes, reg .' United States threes, coup United States new fours, reg "0 United States new fours, coup United States old fours, reg 'l; United States old fours, coup l"9 United States fives, reg 0j2 United States fives, coup lrt3 Atchison general fours 101 Atchison adjustment fours jJ Raltimore & Ohio fours w Raltimore & Ohio three-and-a-halfs 94 Baltimore & Ohio conv. fours l?i'? Canada Southern seconds ' Central of Georgia fives Central of Georgia 1st inc ",'2 Chesapeake & Ohio four-and-a-halfs Iy3 Chicago & Alton three-and-a-halfs ? C, IS. & Q. new fours 9Chi., Mil. & St. P. general fours 113 Chi. & Northwestern consol sevens 133 Chi., Rock Island & Taclflc fours 10S C C. C. & St. L. general fours 99 Chicago Terminal fours Colorado Southern fours Js Con. Tobacco fours Ji Denver & Rio Grande fours 101 Krle prior lien fours Erie general fours 3 Ft. Worth & Denver City 1st lW Hocking Valley four-and-a-halfs 109 Louis. & Nash, unified fours 101 Mexican Central Mexican Central 1st inc 22 Minn. Ä St. Loui four ICJ Missouri, Kansas & Texas fours 9. Missouri. Kansas & Texas seconds 7 New York Central firsts ln2 New York Central general three-and-a-halfs. 14 New Jersey Central general fives 125 Northern Pacific tours x 103 Northern Pacific threes 1 Xorfolk & Western consol. fours ..ino Reading general fours 95 St. I. & Iron Mountain con?ol. fives. M 115 St. & San Francisco fours 97 St. Louis Southwestern firsts 94 St. Louis Southwestern seconds M San Antonio & Aransas Tass fours f5 Southern Pacific four M Southern Hallway fives lisfc Texas & Pacific firsts 117 Tol.. St. L. &. West, fours 76 Union Pacific fours VMS Union Taclfic conv. fours f 10" Wabash first : H' Wabash seconds 109 Wabash deb. B 72 West Shore fours 113 Wheeling & Lake Erie fours SI Wisconsin Central fours 91 Chlcngo Stocks. ' Granger Farwell & Co.'b Telegram. Open- High- Low- ClosSTOCKS lng. est. est. lnp. United Dox Board 9 9 American Can 9 9 9 9 Diamond Match 136 135 National Biscuit 44 44 44 44 National Eiscuit pref 101 101 101 101 LOCAI SKCUniTIES. Twenty Shnresi of Intllnnnpolls StrertItailwny Sold at 1)3. Twenty shares of Indianapolis Street Hallway sold on 'Change Saturday for 93. Tho only other transaction was the sale of one New Telephone first at 93. The day was quiet but concluded the busiest week the exchange had had. Exchange quotations follow: Close STOCKS lf 13 Amn. Nat. Bank 137 Amn. C. L. I. Co.... 1 Atlas E. Wks pf 107 Belt R. R. stock com. 107 Belt R. R. stock pf...ir Capital Nat. Bank.. 154 Central Trust Co....l3J Cll. C. A B. P. Co Columbia Nat. Bank.l Con. Gas Trust Co... 600 Federal Union S. Co 9. Home Brewing Co...23 Ind. Hot I Co. pf 9". iIim Mf?. Co 100

Bid- Asked. Low.HIgh.Ojen.Close. 126 137 10 .... 94 .... 1"7 .... liS .... 107, .... 10S .... 10 l.".4 .... 162 130 131 3 106 .... 1.S .... 60) .... 6S5 99 .... 12 .... 203 204 210 95 .... loO .... 101 224 226 231 81 S2 M 13 60 .... 72 .... lj0 VI 93 141 141 141 143 10 SI 2 M .... 224 .... 22'J .... 31 81 .... S3 60 62 .... HO 10 10! ICS 106 224 221 .... .... 0 .... .... 9) .... 95 .... 104 101 SI .... 89 .... 1 .... 110 .... 0 100 103 .... 15 loO .... 1j2 S3 .... 81 .... 93 .... 4 81- .... 82 S2 99 .... Hw J3

Indiana Nat. Bank...22J 224 I. T. G. A L. CO. B K. Indiana Trust Co U4 lnd. Gas Co. stock... 6 Ind. L. A P. Co IV) lnd. St.-ry. stock.... 92 lnd. Fire Ins. Co Ill Laycock Mfg. Co. pf.l Iw Building Hock.. H Marion Trut Co 224 Merchant N. Bank.la2 New Telephone W , New Tel., long dls... 60 People's Dep. Bank. .110 Polk. J. T.. Co. pf...l00 Rauh Fertilizer pf...lOa Security Trust Co.... .... Union Trust Co Union Traction com. 5) Union Traction pf... 9) Wasson pfd 104 BONDS Eroad Ripple 5s...... Ö Clt. St.-ry. bonds. 5s.l0ii I. & M. Co. Tel. I Home H. A L. Co. Ss Indpls. Gas Co. 6a...l'i3 lnd'.ls. Imp. 6s 1) lnd. St.-ry. bonds, 4s. 83 New Tel. 1st Is 3 New Tel. 2d 5s SI Union T. of lnd. 5s. 99 And interest. Independent Broker' Quotation. 1 Rid. Asked. Banks Capital 155 ltto Columbia 101 11

r.c Hot.

Specie ! Le?aU Deposits CIrcnrn $2.711,ok 3.551.K' 2.212.(K; 1.691.j 2. KW. .; Wl,0i 22,3o2.,Aj 3. 35.0! 943. 4 1 760.1! 4:i6,vj0: 532.-X 147.J.'! 942.ri 1.2,6i 3.319.0j 9.33.3.7'! 1.213.2-; 2,0fJ.7! 39.3i a7.50! 255,0 Jl.3iii.o2."07Ki 1.203.3WI l.: 13.0001 2.731.21 0! 2: ), o.l.M.Ot")'; 2.166.11 54S.5! 772.3: 4S2ij S16.; 157.9)! 163.0: 247.6'! 1.9:".tM)j 4,457.3: li2. SX 1,110.3! 415..1; $15.495.0(f 22.3:,ti 13.007,4 13.1S1.0! 20.5W.2w! 4. 73., 110.SH.OOU 22,911.0 5. tiW.6. 5.741.6! 2,o.:;,i 4.li.Ottl 1,132.2 4.322.1001 5.7(.'.ii 22,r2.owj $1,167.0( 26.5 25.3 26.4 23.0 26.1 26.3 25.0 262 2;.J 26.7 i 21.2 26.9 o.o 25.2 23.3 24.7 27.1 19.0 26.1 26.1 22.7 25.9 26.3 2o.7 23.0 25.5 25.9 24.6 34.3 23.9 30.9 ov j 27.2 24.9 27.0 48 3 24.9 24.9 25.9 23.8 23.4 25.3 29.S 24.4 21.2 25.4 26 4 26.2 24.4 26.9 28.9 22.0 23.1 320 24.5 23.0 23.4 23.0 0.3 49,6i ß,4:o,ooo; 23V,7"i 991,4 47,70.' 45S.2i 5S.2 5,0k..! i,936.7! to.V.iO.100 5.S97.G 12.943.1 3.S10.M 5.49S.O 2,731.4 498. n 9S4.U0U 773.7 439.1"1.29S.2 5.922.iN) 529,2 w' . 4S.9 1.439.S 7.725.2! 5S9.30 1,231,4 ,7' 9V),5 1.201.M 3,237.0 213.0 3.405.O 14,567, 0 12.0, i ; 52.754.Oi, 4.253. 6.512.3 I 1.46S.9O0 2.624.5 214.5 414.7 637,0. 50.O 49,2 2S MM) 740. 4 255. 100 2.9S0.700 6.521.700 5,632.6 27,1)," 1,94(1.000 3,4"9.OO0 453.0 1.249.0 19,452.000! 44.4 3,7"5.0 59,0M).O 1.3N2.2Y! 20.50.7ll 11,576,000 1,99S. 50.000 &). 935,0 1SS.W0! 203.0 2,213. $74,000 3.392.W 2,01S.'.0 1.542.U 1,255,0. 2,077,100 10,350.0 .69.406.9 ' 5.351.500 3,o:,x 4.845.5X) 3.569,7 44.S55.0 9.5:',l( 3,315.2 276.0 7.5S4.3C 17,641.9 83.3 441.0 837.V.' 611.? 471, C( 329,0 41S.7ÖO :;7.s l.S$6,200 lt.S' 4S7,8JO; 50.0C 9.644.4! 2.256.9! 150,0 41S.5 C$9,500 1.51(,7' 459,100 1.664.700 476.0 2.144.0 9,271.700 444.0 S39.40) 72S,fi 1,979,700' 315.4UO 132.SOO f2,2 315,0V 1.359,000 3,047,7' 507.0 to 325.0 2S0.700 4,697.61 12.567.700 246.200 7,292.5 2, !,; 49.100 190,000 8.263.7 3.244.0 13,O5.0 42.634.S 4.220.01 .7.473.8 3.S77.4 7.6o;.o 50.O 550,0 75.0 1.4S1.21 497.S00 991,3 1,269.2 597,100 2r2.j 86,203 100.O 79S,(' 4.242.000 350,o 450.000 946,3 4,404.0

JS79.371,5!$15S.859,3(XV$67.9W.4';$S73.731.2OO'45.56),700

3,761,5' 6;C,S 6.031.4001 54.100 Indiana 225 Merchants' Xrust Companies Indiana Marlon Union 227 Miscellaneous Belt R. R- com 106 Indianapolis Gas Indianapolis Street-railway 94 New L. D. Telephone Bonds Broad Hippie 5s S3 Citizens St.-ry. 5s 108 Indianapolis Gas 6s 103 Indianapolis Street-railway 4s New Telephone 1st 5s New Telephone 2d 5s Union Traction La 205 163227 108 7j .... 65 93 111 86 96 85 101 MONETARY. Ilntcs on Loans and Exchange ClearInyrs and llalances. INDIANAPOLIS. Commercial paper. 46 per cent.; time loans. 56 per cent. Clearings, $1,SS3.2S7.4I; balances, 5191,425.06. NEW YORK. Call money nominal; no loans. Time money firm, sixty and ninety days loans made under special arrangements, six months 6 per cent. Prime mercantile paper, 6 per cent. Sterling- exchange nominal; actual business In bankers' bills, $4.7 for demand, J4.S3.304.o3.33 for sixty days; posted rates, $4.o4 and $4.83; commercial bills, $4.S2;ii4.83tt. Clearings, J323.405.705; balances, $11,879,034. CHICAGO. New York exchange, 30c premium. Sterling exchange, $4.S4H for sixty days, $4.88 for demand. Clearings, $25,418,603; balances, $1,I&S,2j6. BOSTON. Clearings, $2i,9S9.252; balances. $1,651,8UL PHILADELPHIA. Money, 6 per cent.: clearings, $20,S2S,779; balances, $2,357,516. ST. LOUIS. Money steady at &S6 per cent. New York exchange, 60c premium. Clearings, $6,5SS,6S1; balances, $853,477. BALTIMORE. Money, 6 per cent. Clear ings, $3,347,SS2; balances, $557,390. CINCINNATI. Money, 6 per cent: New York exchange, 25c premium. Clearings, $2,941.250. Money Ilntcs Abroad. LONDON. Money, 3(33 per cent.; dli counts, SliSTs and 3 13-16(5 3Ti. Consols, 92 dlsPARIS. Three per cent, rentes. 99f 75c for the account. Markets for Silver. NEW YORK. Bar silver, 4Sc: Mexican dollars, 37c. LONDON. Silver bars steady at 22 3-16d an ounce. Treasury Stntement. WASHINGTON. Saturday's statement of the treasury balances in the general fund, exclusive of the $150,000,000 gold In the division of redemption, shows: Available cash balance $20S,61S,S30 Gold 121,172,039 Specie and Merchandise Movement. NEW YORK. Imports of merchandise and dry goods at the port of New York for the week were valued at $11,461,020. Imports of specie were $45,304 in silver and $40.197 in gold. Kxports of specie were $572,530 In silver and $1,014,41)4 in gold. WEEKLY IIAXIt STATEMENT. Less Unfavorable Than Expected, with Detter Conditions at Hand. NEW YORK, Dec. 13. The statement of averages of the clearing house banks of this city, for the week, shows the following changes: Loans, decrease $2,0(3,500 Deposits, decrease 6,031.400 Circulation, increase 54,100 Legal tenders, increase CX,800 Specie, decrease 3,761, SOO Reserve, decrease 3,034.700 Reserve required, decrease 1.507.S50 Surplus, decrease L486.S50 Ex. United States deposits, decrease L5S2.225 The banks now hold $3,3S6,900 in excess of reserve requirements under the 25 per cent, rule; ex. United States deposits, $18,428.075. The Financier says: "The official statement of the New York Associated Banks last week showed a decrease of $3,761,000 in specie and an increase of $666,800 In legal tenders, making the net loss In cash $3,094,700. This very closely agrees with the estimated loss of $2,426,700 Indicated by the traceable movements of money during the week. One encouraging feature is that while this loss of cash was due largely to the fiscal operations of the subtreasury, which absorbed $5,126,900 from the banks, the interbank movement shows that the return flow of money from the interior has begun to be important. Receipts from the interior last week, as traced through the banks, were $5,521.SoO, against $3.356,200 In the previous week and $2,402.900 in the week ended on Nov. 28. These figures show a steady gain in the movement from the country, and should the gain continue, as It probably will, the net increase will most likely soon be large enough to offset the drain Into the subtreasury. The receipts now seem to represent the money which was expended for labor In the agricultural regions; later the receipts will represent the proceeds resulting from the marketing of commodities. Still another encouraging fact In this connection Is that last week only a small amount of money was transferred to New Orleans and none to the West. The direct outward movement by the banks also was small. The loans showed a decrease last week of $2,065.500, reflecting the almost general suspension of loans for fixed periods by the banks, and also the results of the. liquidation In the stock market, which was continuous during the week and tended to reduce the requirements of Stock Exchange borrowers at calL Deposits decreased $6,031,400, which amount is $$71.200 greaur than that called for by the reduction In loans and of the loss In cash; therefore the statement Is not far out of Sroof. The required reserve was lessened y $1,507,850. Deducting this sum from the total loss of cash leaves $L4S6,8I0 as the

Write for my r V Daily and 1 Weekly V Market li.ll. 5

V 3

TStAOK Mr dr.Uj and weeklr market letters art nWIihed tbicai tveolor Jocrou. nui tena euncr amount of the reduction in surplus reserves, which now is $S.330,SO0, as calculated on the basis of deposits, Including $40.164,700 of the government. Deducting these public deposits the computation shows a surplus of $18.423.017. Last year at the corresponding date the surplus calculated on the basis of all net deposits was $5,455,025, therefore the banks now are in a comparatively stronger position than they were then and probably the surplus will not be very materially reduced, even by the end of the year. Circulation showed an increase of $54,100 last week, though the gain was smaller than in the previous week." PRIVATE WIRE ADVICES. Considerable Liquidation After Dank Statement Is Published. Meyer & Kiser's Telegram. NEW YORK, Dec. 13. An impression prevailed this morning that the bank statement would make a favorable showing, consequently, during the first half of the session, there was, on the whole, a strong undertone, and prices advanced somewhat higher than yesterday's close. Atchison, Union Pacific, M. P., and the steel stocks were firm, but there was rather good selling of St. Paul, and the demand was not sufficiently large to absorb any large amounts of stock. The room professed to look on the statement as favorable, for the reason that the surplus reserve shows a decrease of only some $1,500.000. The loss in cash was rather smaller than had been predicted, and It was supposed that the loans had really decreased more than was shown by the statement, as Saturday's liquidation was only partly reflected and Friday's will not appear until next week. The surplus reserve novr stands at a little over $8.300,000 as compared with $5,4O0,O,."0 a year ago and $6.300.000 in 1900. The statement was followed by considerable liquidation, which earned prices down to the lowest level of the day, from which there was no recovery at the close. Irregular Market This Week. Granger Farwell & Co.'s Telegram. NEW YORK, Dec. 13. The market was advanced fractionally early on talk of a better bank statement than had been expected, but selling to realize later caused recessions, and after the bank statement came out realizing by room traders and others who had taken the long side on unfavorable comment on the loan and deposit items. Steel stocks showed marked weakness, especially the common. Sentiment at the close favored lower prices, with expectation that the market Is likely to fluctuate Violently and consequently be a hard one on the active brokers. WHEAT RELATIVELY FIRM DECEMBER IS UNCHANGED AND MAY SOMEWHAT HIGHER. Corn and Oats Show Fractional Losses Provisions Unchanged to a Little Higher at the Close. CHICAGO, Dec 13. Bullish news caused firmness in wheat to-day, although the close was at about steady prices, with May c higher; corn was Uc lower, and oats off Uc Provisions closed unchanged to higher. Reports of rains in Argentina, which have caused much delay in the harvesting of the wheat crop there, were the chief factors in the situation, although Liverpool cables were also of a bullish character. The volume of business was light. The opening on May was from a shade to ttc higher at 77 to 77c, and on quite general buying, with light offerings, there was an advance to 77c Later, on liquidation. May declined to 77y8c, closing c higher ' at 7777yc. December closed unchanged at 75Uc. Clearances of wheat and flour were equal to 323,000 bu. Primary receipts were 94,000 bu, against 675,000 a year ago. Minneapolis and Duluth reported receipts of 508 cars, whjeh. with local receipts of 71 cars 23 of contract grade made a total of 579 cars, against SS9 last week and 504 a year ago. The action of December corn waa the main feature In that pit, there being more business in that delivery than for some time past. The opening was He lower at 67;c, but a sharp advance to 5Sc occurred early in the day, which brought out considerable liquidation, and there was a sudden decline to 550, but on the break the offerings were well taken, most of which was said to be for the account of a St. Louis pool. The close was Tic lower, at 56c. In May the trade was narrow and of a local character, higher cables imparting some strength at the opening, which was unchanged to Vc higher. The close was 1i?sC lower at 43'ö43c, after ranging between 43c and 4l4c. Receipts were 223 cars, six of contract grade. Oats were Inclined toward a lower plane, owing to considerable realizing and selling supposed to be against increased country purchases of cash. Fluctuations were within a narrow range. May selling between 33c and 33c, closing He lower at 33c. Receipts were 156 cars. Provisions showed good recovery from the recent slump, and the market was strong on small receipts of hogs and higher prices at the yards. There was a little advance early in the day on the situation and expectations of smaller receipts next week, but prices eased off again, and the close was steady, January pork being 2c higher at $16.60, lard unchanged at $3.70 and ribs up 2V2c at $8.35. Estimated receipts for Monday: Wheat, 55 cars; corn, 340; oats, 180; hogs, 44.OU0 head. Leading futures ranged as follows: Articles. Open- High- 'Low- OosWheat Ina;. est. est. In. Dec.... 73 -7." 7: 73 7i May... July... Corn Iec... Jan.... May.... Oats Dec... May.... 77-77 77 77 77VT7 7V:4',a S7 4S 44-44 74 74 74-74 ts 49 44H 81 H sr.; 47 ' iZ 31 $16.60 13.D0 10.22 .70 9.10 US 827 ce 48 - 4-4-42 S1V51 $16.60 13.32 10.22 9.70 9.15 23 8.30 33 PorkJan.. ..$16.70 May.... 13.52 LardDec.... 10.22 Jan.... 9.72 May.... .10 RibsJan.... $27 May.... 8.S0 $16.77 15.63 10.27 .15 8.40 S.S2 Cash Quotations were ss follows: Flour quiet and steady: winter ratenu. $3.4XilS0: straight. $3.1HrS.0: prln patents. $3.40'jS.7O; straight. $2.i0'a3.20; bakers'. 2.23flt.S5. Wheat No. 2 print;. 7'&7c; No. X, 65'a73c; No. a. red. 7HJ 73c corn io. z, wc; ro. 2 ymow, J6 Oats No. 2. SlTic: No. 3 whlta. S2US3c No. rye, 49 c Barley Oood feedln-. 3w40c; fair to cnoice maiiiaa, x mrrj .o. j, fl.ia; No. 1 Nortiiwe-atern. 11.24. Prime timothy seed. $3.63. Clover Contract grade, $10.75. Meas pork, per brl, $13. Lard, per 100 lbs, $10.27$ii0.3u. Short rib sides (loose). $3.WtfS.7S. , Dry-salted meats (boxed), IS.l'i.M. Short clear sides (boxed), J.7-'a. WhUky Basis of hieb wines. $1.82. Uecelpts Flour, 21.W0 brls; wheat. 69.900 bu; corn. 169.200 bu: oats. 115.30O bu; ryt, 13,3uq bu;

Your orders

in futures and consignments of cash grain solicted. MARK. go r.i cm ssi on MERCHANT Grain, Seeds & Provisions 231-235 Rlalto D1C. CHICAGO. Is (oil Is the Cfcksr Evenlaf Pott. AUa tba picr rrius 10 ujsns wniw 8o Shares New Long Distance Tel. Co. 30 Shares New Telephone Co. $25,000 Niw Telephone Co. ztt 5 per cent Oold Bonds. $5,000 New Telephone Co. snd 3 per cent. Oold Bonds. $55oco Delaware and Madison Counties Telephone Company ist 3 percent. Gold Bonis. ao Shares lnd. Mfg. Company. HARRY B. GATES O, CO., Investments Stocks, Dond:;, FLETCHER BANK BUILDING. New Telephone Nr. 8. barley, 72.400 bu. Shipments Flour, 14.200 brls; wheat. 22.4i)o bu; corn. 102.2W bu; oats, 142.&jt) bu; rye. 7.400 bu; barley, 11.100 bu. Reo. II. Phillips's Grain Letter. CHICAGO, Dec. 14. The wheat market this week had an opportunity to show what It could do without a leader and the fact that it advanced to a point higher than it did before, when Armour had million bought, is sufficient evidence that the sit--uation warrants present prices, and I believe considerable further advance. One can look at it from any point of view and become convinced that wheat Is selling much below Its legitimate value, it Is becoming evident that the visible supply of wheat has about reached its maximum. An increase of about 3.000.000 bushels was expected last Monday, but when all points had reported the increase Was only fcSS.Ooü bushels, with the total now 43.140.0.0 bushels. At Minneapolis there was a large increase l.fc&.ou) bushels making a total there now of 9.529,000 bushels. That at first glance may seem like a large amount, and it is more than one-flfth of the entire visible supply, but Is Just about enough to run the mills there six weeks, so It will be necessary to have fairly large receipts 1 1 that point almost steadily or great lnroata will be made on the supply on 'hand there. It is certain any way the wheat held In Minneapolis will never be shipped out except aa flour. Everywhere receipts of wheat are falling off, and it is well known the greater portion of the last crop has been marketed. Stocks at all other points in the Northwest are light, and country elevators in that section, usually full to overflowing at this time of the year, are almost empty. It is estimated that there are fully 14,000.000 bushels less wheat now in all positions in the Northwest than there were a year ago. The wheat market may hover under SOc for a while longer, but if a recoil breaking crop of corn and oats can be maintained above 40c and Sue' respectively, certe.lnly a smaller crop of wheat than was raised, last year is worth Mc and should bring .oc or higher. I believe that price will be witnessed for May wheat and on this account I have no hesitancy In advising everyone to. buy some right now. I firmly believe that purchases made even now and margined 5c a bushel will never require additional protection, and this Is practically what I have saM since wheat started up from bottom prices reached about four months ago. AT SEW YORK. Flonr nnd Grains Dull, but Generally Very Firm. NEW YORK, Dec. 13. Flour Receipts. 12,301 brls; exports, 31,850 brls; firm. Corn meal dull; yellow Western, $L23; city, $1.21. Wheat Receipts. 73,125 bu; exports, 21.543 bu. Spot firm; No. 2 red, 82;c elevator. 79:c f. o. b. afloat; Jo. l northern Duluth, 85c f. o. b. afloat; No. 1 hard Manitoba, 86c f. o. b. afloat. Options ruled firm to-day. The chief buying motives were unexpectedly higher cables, further reports of rain In Argentina, small Western receipts and general covering. Near the close wheat partially reacted on a poor export trade, although last prices were HUUc net higher: May. tl 5-16&S1 11-lCc, closed at Slc; December closed at 83c. Corn Receipts, 4y,3o0 bu; exports. 231.SQ bu. Spot steady: No. 2. 64c elevator, 61o f. -o. b. afloat; No. 2 j'ellow, Glc; No. 2 white. 61c. Options were firmer, but quiet, deriving strength from unfavorable weather, small contract arrivals, cables and the wheat advance; finally eased off with wheat and closed c lower to Vic higher: May. 49S49UC. closed at 49; December, C2l4Q62?ic. closed at g;c Oats Receipts, 126.000 bu; exports, 3V41 bu. Spot firm, unchanged. Options quiet,' but firm: December closed at SSC TRADE IX GENERAL. Quotations at St. Louis, Baltimore, Cincinnati and Elsewhere. LIVERPOOL. Dec. 13. Wheat 6 pot firm; No. 2 red Western winter, la lid; No. 1 California, f.s ;d. Corn Spot American mixed, new, teady at 2d; American mixed, old. quiet at Cs 4d. Flour öt. Ivouls fancy winter quiet at 8s 2d. Pork firm; prime mess. Western, 32s Cd. Hams Short cut. 14 to 16 lbs. quiet at 3s. ltacon Cumberland cut. 6 to 30 lb, quiet at 4Ss; short rib. 16 to 24 lbs. quiet at 61; lona clear middles light. 28 to 34 lbs. dull at lis; long clear middles heavy. 33 to 40 lbs, dull at fcOs; hört clear backs, 16 to 20 lbs, dull at 6ls; clear bellies. It to 16 lbs, dull at 60s. Shoulders Square. 11 to 13 lbs, quiet at 43s. Lard Prims Western, In tierce, steady at fcSa: American reflned.' in pails, dull at 68 6d. Dutter nominal. Cheese strong: American finest white and colored, f.9s. Tallow Prime city steady st 2S d; Australian. In London, firm at 24s id. ST. LOUIS. Dec 13. Flour dull snd Heady; red winter patents. li.aefcS.M; extra fancy and straljfht. $3. 00 'a 3. 30. Timothy ied steady at $2.WSi3.40. Corn meal steady at $130. Ilraa strong; sacked, east track. 70 720. Wheat firm; No. 2 red. cash, elevator, nominal; track. TS'J 72Uc; December nominal at 71c; May, to bid; No. Z hard. 6S'r72c. Corn lower; No. 2, cash. 47'.ic; track. 47Vc; December. 4; May, 40Hi40lo. Oats weak; No. 2. cash, Uc bid; track. rSVic; December nominal at 34c; May, 32Vi432"ic asked; No. 2 white. $60268. Hy firm at W(H'JitC- Pork unchard; JoM.ln. standard me. US. Lard unchanged t 10.4i. Dry-salted meats quiet; boxed extra shorts, $ 124: clear ribs, ti; short clears. Ha con steady: boxed extra short. flo.M; sUrt clear, $11. Hay strrnr: timothy, J123U.S0; prairie. Ill.SO'&lt-i'O- W.blsky steady at 11.32. Iron cotton tie. ll-CTVi- Iiarlr.p. C S-16fi7 Mc Hemp twine. 9c Receipts Flour. 6,0 brls; wheat, 61 bo: corn. 710 bu; oats. 22.) bu. Shipments Flour. 13.00 brls; wheat, 22,000 bu; corn, M.W0 bu; oats. 19.000 bu. LOUISVILLE. Dec. 13. Wheat No. 2 red snd lonsrberry. 74c; No. 3 red and lonjberry. 72c. Afples Sun-dried. 4y 44c per lb for brhtht. peaches. 2,itf3c. Ileans Northern hand-plcKed. $2 00 t-er bu. Hay Choice. In car lMs, on trart. 15- clover. tlCfllt. Ftraw. $4.5o. Clean rlnsenr. !4'i4 2S per lb. Pctatoes. $1.75 per brl: Northern potatoes. 5Sö0c per bu. Onions. 122.21 per brl. New cabbage. 60c per brL Peppers, f2 per crate. 4-Uc: No- 3. 42c Oats No. 2 white, 2c. Receipts Wheat. U.&J0 bu: corn, 107.200 bu; oats, 16 XX) bu. Shipments Wheat, SO,) bu; corn, 6U600 bu; oats. U.O0O bu. TOLEDO. Dec IX. What dull and hither: cash. 7&c; Dumber. 7&c: May, Mc Corn dull and lower; December, 4S4c: May. Uc. Oats dull and unchanged; December, UVc; May, Stuc RyeNo. t. C24c Clover seed dull and, hisher: December, 6.6i; January. 16.674: March. 14.774; prime timothy. I1.7S: prima alsik. fs.2i. CINCINNATI. Dec. 11 Flour quiet. Wheat firm: No. 2 red, "Sfl784c. Corn firm; No. 1 mixed. 494c. Oats firm: No. 2 mixed. 2Tii3c. K firm; No. 2. tc Lrd quiet at 110.20. Hulk meats quiet at 110.23. P.acon quiet st lll.äü. Whisky Dlitiners' finished goods actlrt on thr bals or 61.12. tfugar steauy. DULUTH. Dec IS. Wheat Cash No. I hard. 744c; No. 2 northern. 714c; to arrive No. 1 northern and December. 734c; May. 764c; macaroni No. 1. 6S4c; No. 2. tSc. Oats To arrive, on track snd December. 814c; May, 2J4c MINNEAPOLIS Pec IS. Wheat December, 7445; May, 754c; No. 1 bard, on track, 7-4I No. 1 northern. 744c; No. 2 northern. 7 Sc MILWAUKEE. Dec IS. Barley dull; standard. 64c; sample, 3vS4c. Dutter, Cheeaa and EffS NEW YORK. Dec IS. Putter Receipts. iH packages;jlha market waa Heady State dairy. (CONTINUED ON J AGE 8, COL. tw)

KANSAS CITY. Dec 13 Wheat-December, 64Uc: May, C3;c; No. 2 hard. cash. 6nrjc; no, J !fi67c; No. 2 red. C7?iCSe; No. S. Cti7c Cora 'rwmbr. 41kC: No. 2 mixed and white, cash.