Omaha Daily Bee Newspaper, April 26, 1902, Page 10

COMMERCIAL AND FINANCIAL Downpour in Grain States Incites Wild Dy in Oereal Pits. STAMPEDE TO SELL SPURS COLLAPSE Pr Provisions Pat atrated at Opening Gong and Up Bold Front, but Finally Bow to Bear- inh Sentiment. CHICAGO, April big surplus wheat havoo with th %.~Rains in the four and corn states played price of grains on the Board of trade today and caused a commo- tion for a time that resembled a stampede. For the first hour it was nothing but sell sell, sell. Prices fluctuated so widely and Idly that for a time a panic was feared. en traders recovered their heads the jeted down somewhat. The bears, had too much the best of the argument to allow prices to recover and May wheat closed 1%@i%c lower, May corn ic down and May ic off. Provisions, though showing independent strength for a time, could not withstand the pounding In grains and they closed 5@7%c to l5c lower. There was a wild opening In the wheat pit. Rain had fallen during the night cop ously over lowa, Illinois, Missouri and braska_and the situation was materiaily d in Kansas, Strangely enough, the heavy downpour In this cily, as usual, added fright to wheat holders, and with one accord there was a general wheat dumping press at the sound of the opening gonk, " Everybody seemed to have selling rders. 8o rapid was the decline and o irregular the fluctuations that stop-loss orders were soon met and additional stuft was thrown Into the pit, contributing tow- ard a further weakness. Speculators in eneral, big and little brokers, commission uses, scalpers and plungers, fait the ef- fect of the extremely bearish weather con- ditions following the slump of yesterday. Of course rains were expected for a long time and traders had fortified themselves with stop-loss seliing orders. But there was such & quantity for sale that the break became & collapse instead of a decline. Two million bushels were unloaded by several houses. The Bnglish cables were not re- sponsive to our slump of xri(el‘d’y. but they soon got into line and closed weak. Receipts were weak and statistical papers |nuJ bullish reports. Another support was the apparent steadiness of the Kansas City market In the face of the break here. Some traders were arguing that that mar- ket should be in better position to know the truth of the situation than the present crowd. Outside markets were weak, but Teports still complained of crop darnage. After the early tumult prices recovered somewhat, but bearish sentiment induced further pressure and the market weakened again. May wheat opened c lower, 'filh sales ag wide apart as c to T2%e. July sold at the start between Toe and e The_close was weak, May 14@1%4c lower, at Tdte, and July 1ic oft at %! @5%¢. Local receipts were 34 cars, none of contract grade, and Minneapolis and Duluth reported 108 cars, making a total for the three points of 134 cars, against 13 last weok and 267 a year ago. Argentine shipments were 1484000 bu., compared to 130,000 last year. Primary receipts were 154,000 bu., against 368,000 a year ago. Sea bodrd clearances in wheat and flour equaled 715,000 bu. Minneapolis and Duluth stocks are expected to show decreases for the week, respectively, of 600,000 and 1,000,000 bu. TLast week the decrease of the two markets combined was 1,200,000 bu. Corn suffered even a worse break than wheat at the opening, slumping as much as Zhe. Wheat sympathy and the general rains were the factors. All day the pit was a scene of much excitement and nervous feeling. Corn was dumped_freely into the pit_regardless of prices. Stop-loss orders ecame out all the way down and ring the early scramble there was practically no support. Even the big bull crowd sold out much of their holding for profits. “Tailers were badly squeezed. After the general selling movement had seemingly Knocked the bottom out of the market there was some responsive buying and prices recov- ered 14c from the low point of the day. Subsequently much of this recovery was again lost as scalpers sold again. Country offerings of corn were freer than they have been for some time, especially from Ill- nols. Towa corn also was offered in liberal quantities, but not much from there came into Chicago, for Kansas City was ljc over this market. Bt Louis was May corn opened e lower at 6210 61340 and slumped to 6i%c. July started i grcclower at G@83%c and touched 62ic. 'he close was weak, but July and May closed 16 hikher ot Sie and 6o, respec: tively. Recelpts were 119 cars. Oats declined with the break in other grains, but the market ruled comparatively qulet. ' Considerable stuff was sold on stop- loss orders and the effect of the rains on the sown oats was bear Receipts also were ler. ~Recelvers 'and provision dealers were the best early sellers. Later there was some falr investment buying which picked up some of the loss. The close, however, was weak. May sold from 42 to 4l%c, reacted to 43c and closed lo lower at 4fc. Recelpts were 167 cars. Provisions maintained a firm undertone the greater part of the session In spite of the weakening influence of grains. ~Prices, however, slid off in the face of a iight run of hogs, and the highest prices of the year at the yards. Bears made some use of the contemplated prosecution of the meat trust 1o depress prices, but packers supported the market at the decline. There was a 0od demand for products, especlally for lard. July pork closed 15c lower at $16.8734, July lard c off at $9.95 and July ribs b@Ti4c down at $.724. Estimated receipts for tomorrow: Wheat, 30 cars; corn, 142 cars; oats, 145 cars; hogs, 12,000 head. The leading futures ranged as follows | Open.| High. | Low. | Close.|Yes'y. *Wheat | ] 2 ey et i ey 61 May [ July |7 & weak. Bept. |7 *Corn— May July Sept. *Oats— Ma 613421 62 4155 GM2) S 16 16 96 1710 | 9 8714 10 00 10 10 8! x 8§8 758; | eoe Zce 225 F May July Bept. *No. 2.|a Old.|b New Cash quotations were FLOUR—8teady: winter patents, 7 8.90; winter stralghts, $3.2098.60; winter clears, $3.00G3.40, spring specials. $4.008M.1; gpring patents, 40ga.50; apring straights, 764 WHEAT—No. 3, 4@W%c; No. 2 red, 821 @3k CERN-No. 3 yellow, & GOATE No 2 Hadsie. No e; No. §_white, . éngg{‘" Fair i hl‘”‘ 1 - r to cl malt 3 C. SEEDS- No. 1 flax, o‘(l?fl,m e ot ‘western, 3 m i mof . 20G7.00; clover, contract Drld:, $8.35. " W PROVISIONS Moss pork, per b 670, Lard, per 100 Ibs. 3952440 & Dry bs sides (loose), $9.159.25. shoulders (boxed), rrag’nm Short of high wines, §1.30 sldes (boxed The fallowing were the recelpts and ship- 9% 9 37 94 follows 4 2 white, #@ ), 3. WHISK Y—On ments yesterday: Articles. Fiour, bbls. Wheat, bu 'orn, bu. ts, bu Barley, bu..............oo0. 20, On the Produce exchange today the bul ter market was weak; creameries, 17@2ic; iries, 17@20c. Cheese, steady, 12%@13c. g8, easy; fresh 15\,@18isc. NEW YORK GENERAL MARKET. Quotatious, of the Day om Various Commoditie NEW YORK, April 20—FLOUR—Re- eeipts, 15,584 bbls.; exports, 14,800 bbls.; easy but_not quotably lower; winter stralghts, $3.75@4.90; Minnesota rguem 'winter patents, $3.5G4.06; w .1093.3; winter low grades, iMinnesota bakers, $2.90G3.%. ull; fair to good, $3.10G8.40; anc; 2.6, (89 u‘::ci.i,—'uu-dy; yellow western, bu. Spot, weak; No. 3 0%e, 1. 0. b, afloat. the first hour. Rain was the selling mo- tive. Later prices partly recovered, but closed weak, 1G@1%c net decline. May, §7%@ 8%c, closed 'at 68%c; July, 67%@8Sic, closed at @iac; September, 61i4c. OATS—Recelpts, 91,500 . exports, 5§75 bu. Spot, easier; 'No. 2 47¢; No. 4, 47c; No 2 white, b2i@6ic; No. 4 white, 2%c; track mixed western, 8@4fc; track white, 51@62c Options sustained an early break, but ral- lied with corn. {—Quiet; shipping, H0GesC; . 0%e, olevator, and ‘Prices broke 1% In good to state, common ; 1900 ‘crop, 13G14c; olds, coast, 1901 crop, 15@i8%e; olds, 4 18¢; to cholce, i 1600 Galv 13c. m; acld, HG2c. domesti¢ fleece, 16420c. PROVISIONS™Beef, strong; iamily, mess, $12; beef hamé, $21.00G22.00; 4 813, city extra India mess, $2 Cuf meats, " firm; plckled bellles, $10.50@11.25; pickled shoulders, $550; pickled hams, $11.60 @12.00. Lard, steady; western steamed, $10.30; refined, firm; continent, $10.50; South America, $11; compound, $8.12{4G18.50. Pork, firmer; 'famiiy, $19.00@i9.50; mess, $17.000 18,00; short clear, $18.00@20.06, TALLOW—Firm; city (82 per pkg.), 6%e; try (pkgs. free), Gig@se. BUT" Recelpts, 3,364 pkgs.; unsettle state dalry, 22G23c; creamery, state, 21@24 June creamery, imitation, 2@2%c; factory, on Californta Q IC —Recelpts, 1,902 pkgs.; firm; large, full cream, ‘fall make, colored and white, 12@12yc; fancy, small, siate, full cream, early make, coloréd and white, 13@ 18 Weias—Receipts, 10566 pkgs.; steady; state and Penusylvania, 17@17%¢; western 4c. New Orleans, B@dlc, —Allve, weaker; turkeye, 1ige. Dressed, steady; fowls, hsazge OMAHA WHO POULT. fowls, turkey 13¢; 12c; E MARKETS, Condition of Trade and Quotations on Staple and Fancy Produce. EGGS—Including new No. 2 cases, 144c; cases returned, ldc. LIVE POULTRY—Chickens, $@Sic; old roosters, according to age, 4@7c; turkeys, ducks and geese, 5@8%4c; brollers, per 1b.. e, BUTTER—Packing stock, 18c; _choice ; separator,’ 2c. 9c; dairy, In" tubs, 21 FRESH CAUGHT ' FISH—Trout, crapples, 10c; herring, 6c; pickerel, 9c: pike, 1ic; perch, 6¢; buffalo, dressed, 7c; sunfish, Be;' bluefins, Sc; whitefish, 1lc; catfish, 13c black bass, 15¢: halibut, 13c; salmon, 16c haddock, 1ic; codfish 12¢; red snapper, 10c roe shad, each, 60c d roe, per pair, 3c; split_shad, per’Ib,, 10c; lobsters, boiled, per Ib,, 27c; lobsters, ‘green, per Ib., c. OYBTERS—Mediums, per can, 22c; stand- ards, per can, Zc; extra selects, per can, 33c; New York Counta, per. can,’ doc; bulk standards, per gal., $1.2; bulk, extra se- Jocte, 31.0091.65; New York Counts, per gal., PIGBONS—Live, per doz., $1. VEAL—Choice, 64sc. CORN—60c. Per ton, $17. rices quoted by Omaha Wholesale Hay Dealers’ assoclation: Choice hay, No. 1 upland, $850; No. 1 medium, $8; No. 1 coarse, $7.50. Rye straw, $5.60. These prices are for hay of good color and quality. De- mand fair. Receipts light. VEGETABLES. SEED POTATOES—Per bu., Ohlos, $1.50; Rose, $1.25; Triumphs, $1.15. "%OITATOE‘B'NOrmern. $L15; CARROTS—Per bu., Tsc. BEETS—Per_bu, baskef, &c. TURNIPS—Per bu., 50c; rutabagas, 100 Ibs., PARSNIPS—Per bu., 6. ASPARAC Homé grown, per doz, CUCUMBERS—Hothouse, per doz., $1.50. GREEN ONIONS—Per doz., according to size of bunchee, 15@25c, SPINACH—Southern, per bu., c. LETTUCE—Hend, per h ) $2.60; hot- house, per do wgu& s D Hot PARSLEY—Per doz., 30@5c "gm.\msm;a—hr doz., 20@25c; per box, “'i}‘)\x BEANS—Florlda, per basket, $3.50@ 'GREEN PEAS—Per basket, 75c@81. RHUBARB—Home grown, 1b., 3@dc. CABBAGE-Califorsia, new. dc. " 01 Ohlos, Colorado, per ONIONS—Spanish, r N H AT orida, per 6-basket crate, NAVY BEANS—Per bu., $2. FRUITS. FIGS—California, new cartons, $1; ported, per Ib., 12@14c. STRAWBERRIES—Texas, T 24-qt. N %; Loulslana, per 24-qt. case, 2750 C°*° TROPICAL FRUITS. ORANGES—California_navels, fancy, $4; cholce, $3.7; Dudded, $3; * Mediterranean sweets, $3.25@4. ; choice, $3.25. im- LEMONS-—Fancy, $3. BANANAS—Per bunich, according to size, $2.25@2. MISCELLANEOUS, HONEY_Per %-section case, $2.75@3.00 NUTS—New _orop wainute, Noo0j shell, per Ib., 12¢; hard shell, per Ib., 11 No. 2 soft shell, 10c; No. 2 hard shell, Braails, per Ib., l4c! filberts, per. ib. almonds, soft shell, 16c; hard shell, 15: pecans, large, per Ib), %! small, 10¢; cocoa- nuts, , 33.50, HIDES—No.'1 g No. 1 salted, 73c; No. veal calf, 8 to 123 Ibs Bito 18 the, o dry” hid pelts, 7oc; horse hides, $l.o CIDER-Nehawka, York, $3.50. FPOPCORN—Per Ib., 6c; shelled, 6e. 8c; No. 2 ve St. Louls Grain and Provisions. NOT; LOUIS, April %—WHEAT-Lower; 0. 2 red, cash, elevator, 9%c; track, 52 24c; May, Mc; July, PR CORN—Lower; No. 2 cash, &e; track, e May, i July, 644o; September, s OATS—Lower; No. 2 cash #4c; track, £@ibke; May, 'd8e: July, B5%c; Septem: ber, #lo; No. § white, 6" ’ RYE—Firm at 6lc. FLOUR-—Dull, unchanged; red winter rtanu $3.70@4.55; extra fancy and straight, .40@3.50; clear, $3.00G3.20. NMEAL-—Steac $3.15. SEED—-Timothy, steady, $5.00§6.00. BRAN—Quiet; sacked, east track, 86Gssc, HAY—Firm; timothy, $10.00@15.2%; prairie not_ quoted. WHISKY—S8teady, $1.30. TRON COTTON TIESSteady, $1.05. BAGGING—Steady, 67%@8%c. HEMP TWINE—fc. PROVISIONS—Pork, lowe $16.45; new, $17.35. Lard, 1t meats (boxed), $9.62%; clear rib Bacon (boxed). steady; clear ribs, $10.37%; short clea POULTRY —8teady; chicken: 10c; dhicks, 10c; geese, 4i5@se. BUTTER-Steady; creamery, Jobbing, old, lower, $4.70. Dry steady; extra shorts, : short clear, dairy, 20@2c. EGGS—Steady at 16e. Flour, bbls. 5 54,000 Liverpool Gi LIVERPOOL, April 2.—WHEAT—Spot, quiet; No. 1 northern, spring, 6s 3%a;: No. 1 California, 6 44d. Futures, quiel; May, American mixed, 6s 134d; Jul American mixed, old, 6s 9d. Futures, quiet; July, 5s 1%d; September, b8 1%d; October, 58 1%d HOPS—At London (Pacific coast), firm, £3 158@£4 168 u]-;s;() JR—8t. Louls fancy winter, firm, PROVISIONS--Tieef, strong; extra India mess, 92s. Pork, firm: prime mess western, 738 6d. _Hams, firm; short cut. i4 to 16 1bs., firm, 53s. Bacon. 'firm; Cumberland cut, 3 b heay- back: ; clear bel- lies, 16 to 20 Ibs., 158 64. Shoulders, square, 11 fo 18 Ibs., firm, 39s. Lard, prime we: ern, in tlerces, firm, §0s 6d; ‘American re- fined, In pails, 08 3d. BUTTE! United States, 29s. CHEESE—Firm: American finest white, strong, 6s; American finest colored, strong, 57s. TALLOW—Prime city, firm, 9; tralian, {n London, dull,'32s 6d. Recelpts of wheat during the last three days, 111,000 centals, including 71,000 Ameri- can. Recelpts of American corn during the last three days, 14,400 centals, Aus- Milwankee Grain Market. MILWAUKEE, April 25— WHEAT—Mar- ket lower; No. 1 northern, Téc; No. 2 north- . Toe; 'July, RYE—Bteady: N BARLEY—Steady oy, e e+ CEARLEY-Dull: feedin New York; malting, &7 western, 644c, 1. 0. b. e L f, New York, ,__64@6sc, Lt €. f., New York. WHEAT—Recelpts, 233,000 bu.; exports, 180,700 Bu. Spot, weak; No. 2'red, T o and Who, € 0. b afloat;’ No® { , 8%, £ 0. b, afloa A sensa- | decline followed the break in west- ern drouth conditions today, prices losing over & cent per bushel, weakness prevall- L fll&. May. 'Nwlmlx. July, , closed at 80%c; September. ber, Sl%c. Racelpa, T bu.; exports, 160 ple. not quoted. CORN—July, 63%c DULUTH, April 2%.—~WHEAT—( 1 hard, TT%c: No. 2 northern. T2%c: northern_and May. T%e: July, T%e; Sep- tember. Tie; October, Tic. OATS—September, 3i%e CORN—éle Toledo Grain a TOLEDO, O.. April active, weak, lower; cash, 8c; May, 8! July, e, CORN—Active, weak and lower; cash, %e; May, 68¢; July, $ic; September, 63%c. —~WHEAT—Fair, THE OMAHA DAILY BEE: SATURDAY, APRIL 26, 1902. OATS—Active, weak and lower; cash, #c; May. 42%c; July, 36l4c; September, 3ic. BERD-Clover, duil, weak and lower; cash and April, $.15; October, $5.35; No. 2, .56 @6.10; No. 2 timothy, $. NEW YORK STOCKS AND BONDS, aidation ¢ wers at Opening. NEW YORK, April 2.—There was a per- sistent tendency today among the stocks of grain-carrying railroads to move in a sec-saw fashion with the price of grain The heavy liquidation and a violent break in prices in this morning's grain market sent prices of the grangers up with a r Union Pacific leading ‘with an ad- vance of 2. The movement spent its force when it was seen that good buying had de- veloped in the grain market at we decline and that prices were rallylng there from the slump caused by reports of last night's rains and a forecast for fair weather to- morrow. The whole market felt the lack of early ive leadership of Union Pacific, and the final hour there was a ragged recesslon, which wiped out many early gains and carried prices of important stocks among the grangers, coalers; New York public utilities and high-priced industrials below last night There was a late advance In the southern group marked by very large buyiig of outhern Rallway at an extreme advance of 1% Loufsville was lifted at the same tima 2% and Chicago, Indlanapolis & Louls- 7Alle 31 oyer last night after erratic fluc- tuations. This movement seems designed to check the decline elsewhere in the mar- ket, and when it was seen to be without efféct the southern stock reacted. There was some bidding up of the grangers again at_the close, which was active and steady. There was large buying of the United States Steel stock later In the morning Ry Prokers employed by the syndicates. This buylng seemed to be in connection with the {ssue of the bond circular. The stocks 1eacted and became dull with the rest of the market. The ciroular disclosed that 335,000,000 of the proceeds of the bond issue s designed to capitalize expenditures already made for improvements and for properties purchased. The executjve com- mittee estimates that the expenditures of $25,000,000 for proposed improvements will add from $10,000,000 to $15,000,000 to the yearly profits. The $5,000,000 proceeds of the sale of the bonds for cash are thus accounted for. The provision for the 310,000,000 al- lowed the underwriting syndicate and its managers, J. P. Morgan & Co., at the rate of 4 per cent of the $250,000,000 bond Issue, is not made clear. The American Ice stocks also moved vig- orously upward in face of the passage of the dividend on the common and & proposi- tion to issue debenture bonds based ahead of_the stocks. There was a great varlety of movements among the specialties. Amalgamated Cop- per advanced on the conjecture that the consolidation of the Heinz Interests was [reliminary to their absorption. The stock ost ita gain. Sugar was weak on the gation of the company's & senate committee, The preliminary figures of the week's cash movement indicate recelpts on balance from the interior by the banks of upward of 32,000,000 to which is to be added the gain ‘of 93100 on subtreasury operations. t Is expected that the early liquidation in the stock market may have contracted bank loans, although speculative borrow- ing has been renewed and large syndicate transactions may have been In progress. The activity of the stock market di- verted interest from the bond market, but prices there were firmly held. Total sales, par value, 35,305,000 United States bonds were all unchanged on the last call. The following are the closing prices on the New York Stock exchange: 824 (8o, Rallway ... do pfd..... Texas & Pacific... Toledo, St. L. & W. do_pta Unlon Pacific do pfd Wabash do pta...] Wheeling & L. E do 24 prd Wis. Central do ptd P! Adams Ex.. do 2d ptd # American Ex. Chicago & N. U. 8 Ex.. C. R L &P Wells-Fargo E; Chicago Ter. Amal. do pfd...... C.C C &'#'L. Colorado So......... do lst ptd do 2d pfd Del. & Hu Del. L. & Denver & R. G. do ptd. Erie . do 1et pfd do 24 pta. .. Gt Nor. pfd.. Hocking Valley. do pfd 4 Ilinols Central lowa Central proposed investi- Cuba heldings by Atehison do pfd Baltimore & 0. Amer. Lin. do prd.... Amer. 8. & R do prd. Anac. Min| | Brooklyn |Colo. Fuel Con.” Gas Con. Tobacco pid.... General - Electric. Hocking Coal Inter. Paper . do "prd. National Lead . *National Salt . on. Minn, & 8t. L. do ptd 2% Pullman P, .. 8% Republi¢ Steel ... 1901 do pta LU169% Sugar ... U5 Tenn. Coai & i % |Union Bag & P. B%' do pd L161% U. 8. Leather 614 do ptd.. 8% U 8. Rubber 2% do pta 9% U S. Steal 8| do pta... 7% | Western Union ... 28| Amer. Locomotive. . do ‘pra.. hit st. Paul do_pfd. Norfolk & do ptd... Ontario & W, Pennsylvania Reading ... do 1st pfd do 24 ptd..... Bt L & 8. F. | do lst pfd.. o 24 prd. . 8t. L. Southw. So. Pacific .. New York Money Market, NEW YORK, April 2.—MONEY—On call, steady, 3%@4 per cent; closing bid, 41§ per cent; prime mercantile paper, 4% per cent. STERLING EXCHANGE-Easfer, with actual business in bankers' bills at $4.87 for demand and $4.85% for sixty days; onl‘e‘d r:g::. $4.8604.88%; commercial bills, 61%c; Mexican dollars, dlc. BONDS—Government, firm; state, inac- tive; railroad, firm. losing quotations on bonds a: o do do do Atchison gen. Reading 9N 8 L. & 100 (8C L & 8 108 |8 LS. W. i T T R 87858 A, & APl 108880, Facine 4u 3% 80 ; 9614 Tex o is. 130 U T B L & W. e m3g {1361 Uniton Pactfie da.....105% 1L **do conv. e (1045 Waba, A 01 do %N do 1044 West ) i 100% Wheel. & L. E. 4., do_general a0l 88 ¥ s Wis. W. & D. C. is...115 |Con. Hocking Vailey 4}4a. 110 *Offered. *Ex-interest. Bos: BOSTON, April %.—Call loans, S0 cent; time loans, per cent. Offl closing of stocks band: Adventure Alloues Amalgamated Bingham . 2 *Calumet ‘& Hecla Centennlal Copper Ras | Dominton Frankiin Isle Royle | Mohawk 4 |0ld_Dominion Osceola ot Parrot Erie prior | Central 4s. Tobacco 4a. per clal n Atehison 4s. Gas s, r Mex. Central 4a.... N E O &C Atchison do ptd Boston & Al Boston & Mal Boston Elevated NY, N H & i Fitchburs ptd American Segar do_ptd American T. & T Dom. Iron & 8 General_Electric Mass. Electric 4o ptd N E G aC United Fruit Santa Fe Coppe Tamarack Trimountatn Trinity United States + |Utan L108%’ Victorid U. 8 Steel 4% Winona 40 ptd 341y Wolverine Westingh. Common. 11313 Daly West N ‘183 16 azs “y ” New York Mining Guota NEW YORK, April 25.—The following are the closing prices on mining stocks: Adams Con 11 Alice Breees 11 Brunswick Con. 1% Comstock Tunvel.... § Con. Cal. & Va.....13% Deadwood Terra i Horn Siiver 1w iron Lead $4.56 for sixty days and $4.85% on demand; New York exchange, 10c discount. OMATA, April B Bank clearings today, $1,173,456.51; corresponding day last year, $1. 2343267 decrease, $29,975.76 NEW YORK, April 2.—Clearings, $361,- T16,364; balances, $12,267,416 BOSTON, A]v!“l 2% —Clearings=, $22,380 5¢5; balances, §1,857,566. ¥ BALTIMORE, April 2.—Clearings, 3,65, 607; balances, $563,52; money, b per cent PHILADELPHIA, April ' %.—Clearings, $19,838,167; balances, $1,961,507; money, 4'4 per cent 8T. LOUIS, April % balances, $691,420; mone cent; New York exchan CINCINNATI, April %. 100, money, 4@6 per cent; change, par. , 414@$ per c premium. Clearings, $2,836, New York ex- LONDON, April 24.—4 p. m.—Closing: Norfolk & Western S8 do P ... S%|Ontario & Western L. 823 Pennsylvania 101%| Reading 1% do 1st pfd a8 | do 24 ptd oo 49%(Southern Ratlway. 4| do ptd byoes 17014 Southern Pacifie. ... . 4%/ Union Pacific % | do ptd ! 41% | United States Steel Sdo pd........ Conols, money. . do account.. Anaconda . Atchison do "pta.ll Baitimore & ' Ohio Canadian Pacific hesapeaks & Ohio Chicago G. W C. M & St Paui Dénver & R. G 4o pta Eria o do 1nt pd i do 20 pra | wabasn Tilinota Centrai | do ~ptd Loulsville & Nash. 18 |Spanish 4s MK & T o _pra...... Y. Central BAR SILVER—Steady at 23%d per ounce, MONEY-2%@3 per cent. 'The rate of discount in the open market for short bills is 213-18 per cent and for three-months’ bills is 2%@27% per cent. x-dtvidend. Forelgn Financial. LONDON, April %.—The amount of bul- lion taken 'into the Bank of England on balance today was £63,00. Gold premiums are quoted as follows: At Buenos Ayres, 143.70; at Madrid, 37.37; at Rome, 2.27. PARIS, April 2%.—Three per cent rentes, loot e for the account. Bpanish ds close at 7892 BERLIN, April 2%.—Exchange on London, 20m 48%pfgs for checks. Discount rate for short bills and three months’ bills, 1G1% per cent. Condition of the Treasury. WASHINGTON, April 2%.—Today's state- ment of the treasury balances in the gen- eral fund, exclusive of the $150,000,000 gold in the _division of redemption, shows: Avallabl cash balances, $180,952,104; gold, $91,890,285, w Market, BOSTON, April 2%.—WOOL—The Com- mercial Bulletin will way in tomorrow's report on the wool trade of the United States: The market is still dull, with only small lots sold aside from the cleaning up of a big plle of Ohlo delaine at a price which other sellers have refused to accept. The activity is all in the west and heavy operations in Wyoming, Utah and other sections have been at 11@13c, which means more than can be obtained ‘here. Foreign markets are firm and London quotes an- other advance of 5 per cent at the auction sales opening May 6. The receipts of wool in_Boston since January 1, 102, have been 78,741,055 Ibs., against 8,654,652 Ibs. for the same period'in 1%1. The Boston shipments to date are %,216,549 Ibs., agalnst 71,617,522 Ibs. for the same perfod in 191, The stock n ‘hand in Boston January 1, 1902, was 340,464 1bs.; the total stock today ls 865,869 1bs. The stock on hand April 27, 1901, was 42,818,099 Ibs. Coffee Market NEW YORK, April %.—COFFEE—8pot Rio, dull; No. 7 involce, 57-16c. Mild, quiet; Cordova, 84@l2c. The market opened steady, with prices 5 points lower and con- tinued ' to ease off as the day progressed Wall street and the bull clique were mod- erate buyers at the lower prices. The close [vas steady, with prices net 5810 points lower; sales, 45500 bags, including: = May, 4.85@4.90c; July, 5.06@6.10c; August, 5.20c; September, 535@5.30c; October, 5.30c; No- vember, 5.50c. Dry Goods Market. NEW YORK, April 2%.—DRY GOODS— Unchanged conditions prevail in the dry goods market and business today has been on a decidedly moderate scale. Prices are firm, notwithstanding the small demand, and ‘the sellers show no indications of dis- tress in any direction. Copper Rallies at London. April - 25.—Copper, which re- ceded steadily throughout the week rallied slightly today on New York reports that the Helnze inferests had been combined under a new company, with a capital of $80,000,000, Visible Sapply of Cotton. NEW ORLEANS, April 2.—Secretary Hester's statement 'of the world's visible supply of ‘cotton shows the total visible as 3,776,698 bales, of which 2,655,598 are American. OHICAGO LIVE STOCK MARKET, Cattle and Sheep Steady and Hogs Close Low CHICAGO, April 2.—CATTLE—Recelpts 1500 head; steady; good to prime steers, 80GT.50; poor to medium, $4.7064.30; tock: ers and feeders, $2.76@5.50; cows, $1.50@82.00; helfers, $2.50@6.%5; canners, $1.50@2.5; bulls, $5.0006.00; calves, $2.50@5.50; Tex: fed steers. $5.40@6.50. HOGS—Recelpts, 13,00 head; estimated left over, 4,000 head; tomorrow, 10, hea opened Strong to 6c_higher,’ closed 106 lower; mixed and butchers, $2.50@7.25; good {ocholce’ heavy, SLAGLZ; rough heavy, $6.90007.05; bulk of sales, $6980@7.15. SHEEP AND LAMBS—Receipts, 4,000 head; steady: lambs, steady; good to choice wethers, $.40@6.00; 'falr to' cholce mixed, $410G5.40; western'sheep, 3.75G8.00; native lambs, clipped, $4.75@6.65; western lambs, clipped. 35.25@6.60. Officlal yesterday: Recelpts. Shipments. 5,860 2,973 3,767 3834 1651 Kansas City Live Stock Market, KANSAS CITY, April 2.—CATTLE—Re- ceipts, 1500 natives, 200 Texans and 100 calves; killing grades steady, stockers and feeders lower; choice expori and dressed beef steers, $6.60@7.00; fair to good, $5.60@ 6.60; stockers and_feeders, $3.5015.35; west- ern’ fed steers, $5.70@6.70; Texas and Indian steers, $.0046.20; Texas cows, $3.50@5.25; na- tive cows, $3.50715.25; native heifers, $1.00@ 6.25; canners, $2.50@3. bulls, $3. 5.16; na- tive heifers,’ $4.0036.25; canners, $2.5063.50; bulls, $3.50G5.15; calves. $4.5006.00. HOGS—Recelpts, 6,90 head; market 5@l0c higher: top, $7.87%; bulk of sales, $6.751.25; heavy 6@7.374 ¢ o 7,006 7.30; light, 36.90G7.20; pigs, $8.15@6.65. SHEEP' 'AND LAMBS—Receipts, 1700 head; market steady; native lambs,’ $6.80@ 7.00; western lambs, $5.66@6.85; native weth- ers, $5.6066.00; western wethers, $5.60@5.9; yearlings, $6.00@6.60; Texas clipped ear- itngs, 35.75@6.30; ciipped grass sheep, $5.5/0 5.78; stockers and feeders, $3.25@5.25. St. Lo Live Stock Market. ST, LOUIS, April 2. —CATTLE—Receipts, 1,10 ‘head, inciuding 90 head Texans; mar: Ket steady for natives, lower for Texans native shipping and export steers i.10; dressed beef and butcher steers, 6.25] steers under 1,000 Ibs ers and feeders, $2.50G4 $2.26 canners, §1.26@8.90; bulls, $3.75 34.50g6 50; Texas and Tadian 6@4.50; fed, $4.45@6.30; $2.7064. 50, e HOGS—Recelpts, 2600 head; higher; pigs and lights, 87567, $6 15 butchers, §7.10@7 EP AND LAMBS—Recelpt market strong; native mutton; % lambs, $5.60@8.50; culls and bucks, 33. New York Live Stock Market, NEW YORK, April %.—BEEVES—Re- ipts, 2,500 head; steady. 8hade heavier: steers, $5.00@5.75; bulls, $3.7566.50; cows. $2.6) @4.65. Cables, steady. Exports today, 400 head cattle and 2,800 quarters of beef. CALVES—Receipts, 512 head; firm; veals, woogr o0, SHEEP AND LAMBS—Recelpts, 1,50 head; slow; ushorn sheep. | $4.3062; glippea sheep, $.0096.00; clipped lambs, 24@5.75. HOGS—Recelpts, 175 head; firm. Jowepn Live Stock Market. JOSEPH, April %5.—CATTLE-Re- celpts, 561 head: market 10c_lower: natives, 5.2 25; cows and heifers, na@sm veals, $3.55@5.60; bulls and stags, 6.00; stock: ers and feeders, 82 5 HOGS—Recelpts, 5,83 head: steady ‘o strong: light and’ light mixed, $6.86G7.17%; medium and heavy, $7.06@7.35; plgs, $4.35G 6.00; bulk, $7.0007.2. SHEEP AND LAMBS—Recelpts, 3515 head: steady to weak; western lambs, $6.25 G710, western sheep, ¥.56@5. Cattle Hogs . Sheep mixed packers, market, st ST. The following table shows the receipts of cattle, hogs and sheep at the five principal markéts for April Hogs. Sheep. 8,346 Con Ba: rings. CHICAGO, April % —Clearings, $24.964.- 21; balances, $2,569.22; posted exchange, South Omaha Chicago .. Kansas City 8t. Louts Bt. Joseph Totals X 1,013 15000 4,000 6900 1700 2,500 200 5,842 3515 W5 1058 OMAHA LIVE STOCK MARKET Both Beef Steers and Oows Slow Sale at Lower Prices. HOGS OPENED STRONG TO FIVE HIGHER Light Receipts of Sheep and Lambs and Quality Rather Common, but Just About St Pri Were Pald. 80U Receipts were: Officlal’ Monda: Offic! H OMAHA, April Cattie. Hogs, Sheep. 7 188 7.008 Five days this week... days last week... week before.. three weeks ago four weeks daye last y RECEIPTS FOR THE The following table shows the receipts of cattle, hogs and sheep at South Omaha for the year to date, and comparisons with last year: Cattle . Hogs Sheep owing table shows the & price of hoge sold on the South Omah market the past several di with com- parisons with former y Date. | 1902 [1901. 1900. (1509, (1898, [1897. [1896. April 1 ) 4 April April April April April April April April April April April April April April April April April April April April April April April April * Indicate Sund L YESTERDAY'S SHIPMENTS. The following list shows the number of cars of feeders shipped to the country yesterday and their destination: Cars, H. M. Wood, Chamberlain, 8. D.—M. & O. H. A. Ankeny, Laurel, Neb.—M. & O.... Wililam Stephene, Eldorado, Neb.—F. B.. L. A. Hanks, Atkinson, Neb.—F, E B. M. Mageth, McPaul, Ia.—K. C A. Rude, Moorhead, Ia. W O. L. Lawson, Carson, 1a.—Q....... 2 The officlal number of cars of stock brought in today by each road was Cattle. Hogs.Sh'p. H'r's | e t3 e oo ssBzpe NSSKLH3 Leemece - k3331 33 3 e =8 oo = ‘eag 53885 88 Sescsesesce a9 “Fauy 2pzEas a8 ..,... £ e Sessteiu aToane oo 8 szases "g8Exze 2 %3828 t3 & 2 [P . BIRRER X HRBY W% ®ae88 oo o oo N oo 5283 o ocanne Fpuzee wesesescaes e B8 & wes 23 wwmmme o | zguee Union Pacific syste 1 Ci & N. W. Ry. .3 1 5 o 17 15 8 N 1 2 Total receipts ... 84 117 5 3 The disposition of the day's receipts was as _follows, each buyer purchasing ‘the number of head indicated: Caitle. Hoga/Sheep, 69 320 690 2,248 201 2,534 520 1,85 104 4% Omaha Packing Co. Swift and Company Cudahy Packing Co. Armour & Co. y & B Hill & Hun Huston & Co Livingstone & North P. & P. Co. B. F. Hobblck. Krey Packing Other buyers 8,096 1,015 CATTLE—There was rather a light Fri- day's supply of cattle here today and the receipts at other markets were also short. The feeling, though, was weak and as a result slow markets were experienced. kers did not seem to be at all anxious for supplies and as a rule they bid con- siderably lower than they did yesterday. The steer market was extremely siow this morning and it was late before much of anything was done. Packers bid all of 5@i0c lower than yesterday and in some cases 10@16c lower. Sellers, of course, were holding for more money. so that trading was very slow. Packers were not at all anxious for cattle and would seldom raise their bids. The general market could safely be quoted 5@l0c lower on the good stuff and the com moner grades wer: worse than that. It was very late before any- thing like a clearance was effected. The cow market was also slow and lower, Packers were very indifferent buyars and the same conditions applies to the trade on cows as mentioned above for steers, As a rule the market was right around @l0c lower than yesterday and In some cases more. The greatest decline was on the commoner grades. Bulls, veal calves and stags did not show much change today where the quality was satiaactory, but (f the quality was poor they were neglected and lower. There were only & few stockers and feed- ers in the yards and the demand was ex- ceedingly iight, with the tendency of prices downward.. Anything on the com- mon order was aimost impossible to move at any price. The demand from the coun- try has been very light for the last few days and vesterday only eleven cars of caitle were shipped to the country. Rep- resentative sales: BEEF STEERS. Av. Pr. No 1145 No. %65 SeSEIInsLLRRTFTTSTs s T p § 3% STEERS AN . 856 600 ~ COWS. 900 200 . 1 1000 3 %0 S EEERIE 34 143 1 AR o 10 s z2EsEsy 2 : 1 petiTy 3 1136 COW! 0 ND HEIFERS, IEIFERS. D sreryerere 2) FES8SFATLETEIRE g 2 bt ases 400 20 8&2 i 540 860 m “ 1 B 5 2 BULLS, 3114 150 1180 1080 1300 00 1390 1360 1060 1840 1570 1630 1606 1680 1570 seEsung i %00 1200 1460 1300 120 120 160 LVES. 1 1 2854 STAGS. 1 1m0 83 1 150 5 8TOCK COWS AND HEIFERS. g w 33 1 8 3% o is 1 STOCK CALVES. w0 30 i 130 4 50 STOCKERS AND FEEDERS. I 6 4 ‘o “ 4 H i w4 HOGS-Recelpts of hogs were not exces- sive, as will be seen from the table given " o ¢ THE the Hawatian Islands, the the Aleutian Islands, Payments to be made: shares are not allotted. $55 per share on allotment, by the Morton Trust Co, Marconi Wireless Telegraph Co. OF AMERICA has been organized to coatro! the Marconi system of wireless telegraphy and all inventions and patents relating thereto in the United States of America, and Cuba, Porto Rico, Philippine Islands, Alaska, and all ships under the American flag. $1,200,000 of the 6,650,000 total Capital Stock of MARCONI WIRELESS TELEGRAPH C0. OF AMERICA is hereby offered at 66, par value (00, The above is the only public issue that will be made, and shares will be allotted in the order applications are received, but we reserve the right to allot or reject any subscription in whole or in part, Of this capital stock $500,000 has been placed in the treasury of the Company for future requirements. We offer the shares at $65 each, but reserve the right to advance the price without notice. $10 per share to accompany application, to be returned if when certificates will be issued E. ROLLINS MORSE & BRO,, 6 WALL STREET, NEW YORK. 43 STATE STREET, BOSTON. BOARD OF FREDFRIC H. BETTS, ot Betts, Betts, Shefficld & Betts, Lawyers, WYLLYS ROSSETER BETTS, JOHN W. GRIGGS, Ex-Attorney General of the U. §. SAMUEL INSULL, President of the Chicago Edl COMMANDER J. D. J. K 2] Commander { EUGENE H. LEWIS, of Eaton & Lewls, Lawyers, H. H. M'CLURE, of the 8. 8. McClure Company. Gompany. . 8. Navy.' DIRECTORS: |JOHN J. M'COOK, of Alexander & Green, Lawyers. G. MARCON | Inventor of the Marconi System. | B ROLLINS MORSE, of E. Rollins Morse & Bro., Bankers, CYRUS J. SEDGWICK, Treasurer of the Hall Signal Company. LOYAL L. SMITH, SPENCER TRASK, | of Spencer Trask & Co., Bankers. As to the probable income which may supply dividends on the stock, we quote from the speech of Mr. Marconi at the meeting of the Marconi Wireless Tele- graph Co.. Ltd., held in London on Feb- ruary 20th last. He said: “Returning to the question of commercial working, I may mention the it is no uncommon thing for the messages passing to and from a liner, either outward or homeward bound, to realize, apart from service messages, a sum of from £30 to £40. Upon a recent arrival of one of the American liners in home waters no less than 8,050 words were transmitted and received within the space of sixteen hours. I would point out that in each complete day of twenty- four hours only that same number of words should be transmitted between two of our transatlantic stations—and the supposition is, surely, not an extrav- agant one—that, at 6d a word, would represent an annual income of over £73,000 from each pair of such stations, of which, in the first instance, we are proceeding to install two pairs.” From the directors’ report submitted at that same time we quote as follows— “A formal agreement has also been concluded with Lloyds, whereby that corporation has adopted Marconi's sys- tem exclusively in connection with their signal stations. The Decessary instru- ments are now being installed at ten of their stations and these will also be worked for the passenger and commer- clal traffic of the Marconi lnlerlmlluugl Marine Communication Company. “The chief steamship companies are also giving orders for installations on their vessels, the Cunard Line, Nord- Deutcher-Lloyd, Compagnie Transatlan- tique, Beaver Line, Belgian Mail Pack- ets, ete,, etc., are regularly and success- fully employing the Marconi system to the great satisfaction of the passengers and of the officers of these vessels. This example will doubtless soon be followed by other steamship companies. “By the organization of an extensive system of shore stations, and by means of the agreement with Lloyds, the Mar- coni system has secured a practical monopoly of mercantile marine sign ling and sea telegraphy, and the instru- ments have therefore become the stand. ;urd instruments for the ships of all .nations. It may be noted that ships fitted with the Marcon! Instruments will alone, to the exclusion of all others, have the right and power of using for wire- less telegraphy Lloyds and the Interna- tional Shore Stations established and be- ing established throughout our organiza- tion. The instruments speclally design- ed for sea purposes are used in every day commerclal work over a range of 100 miles or more and great improve- ments have been effected in other re- spects.” The Marconi system has been adopted by the British Admiraity and the ships of the navy are being steadily equipped, over 37 vessels having been already equipped. This is under a contract giv- ing the English compuny a substantial royalty, and for a perlod of 14 years. The Marconi system has been adopted by the Italian navy, and negotiations are being carried on with various govern- mefts and work is in progress for other engagements of an important and bens ficial character. It is intended that the station at Cape Cod, now almost completed for transat- lantic work, shall be equipped in the most efficlent and thorough manner and immediately. Another station is to be erected at once at Montauk Point for marine service. With such a revolution in world- around communication it would be inad- visable at the present time to make de- tailed statistical estimates of the com- merclal profits that are confidently ex- pected, but of all wireless telegraph in- ventions the Marconi alone have shown commercial value, and this company is the sole owner of all ri, its to the Mar- conl system in the United States, E. ROLLINS MORSE & BRO, head of the column. The market & nng Db in ‘sood shape, With prices on $h0d welght hogs ranging {rom strong to Y igher than yesteraay. At those prices € e ‘hogs changed hands, but aiong e Nard the close of the market packers WA seem 10 be very anxious for sup- 1 e %and the last sales were only just Rhout ‘Steady” with yeslerday. Light suft e at no time much, if any, higher than N eriny and on the close salesmen had e ome. cases to take @ little less than | yesterday. Al- very brisk, the disposed of in good season. The good welght hogs sold firgely from $1.05 to $1.16 and fancy hogs o from #.20 to $1.%. The _medium Welght hogs sold mostly from 36.9 to $.05 and the light stuff sold from $6.90 down. Heoresentative sales: sh. Pr uae 0 6 10 " ame kinds sold for Do ugh trading was not bulk of No. [ 0 Av. Sh. Pr. .23 [ 233 340 01 160 241 226 24 242 282 8 233 201 o 6 5 31 H2 4o 0 Av. 101 176 i 185 200 208 o 111 200 T 201 e 195 128 201 4 199 151 200 200 202 201 215 207 1) 0 211 210 1% 196 28 211 205 206 226 i3 it No. % “ I [ i ki n 5 [ 1 38 o I I o 50 5 "% %0 160 120 160 200 160 120 300 180 160 0 “ 160 “ » 0 22TRRESSEIITLIIIARE S2322882288388883 is 13 160 120 160 0 2 1 [ 222222222 1 “ =222 " 11 “ n ® |5.00 BOYD COMMISSION COMPANY Moom 4, New York Life Bidg. GRAIN, PROVISIONS, STOCKS bought and sold for cash or on margin. All telegraph, telephone or mall orders will_recel gful ‘and prompt atteni V'Y 5 -ns ... & (53 o 3 1 I B [ I3 " “ N “ 6l [ 3 4 “ EEEEEEEERLES 0 sEadzsgRzss:, 3 ‘W 0 20 w0 £33 2 126 BHEEP—There sheep and lambs on sale today, so that the receipts for the week to date' show & big decrease both us compared with the sama days of last week and of lasc year, Loca. packers, though, took hold in good shaps and everything was disposed of in good season al Just about steady prices as com- red with vesterday. The quality of the was nothing extra, se (hat the market on paper does not look very high There were some wooled Mexican wethers that sold for $.12%4 and some clipped weth- erg brought §6.50. A few feeders were offered and they sold at Just ubout steady pri Quotations for cifpped k: _Good to cholce M'hnch!hl yeariings, $5.76@6.00; fair 1o good, $5 25@4.7; ood to choice weth 1635G6.60; falf 10 good, $.00GEM: Food & §holce ewes, MTBOR00: falr o good. 44009 $75; good to cholce lambs, 36.00G6.95; ait o good, $.7566.00; feeder 'wethers, $4.500 feeder_ewes, 3. 50; feeder’ lambs, $%.00@6.50. Wooled sells about e T . sEREES: &3 were only five gars of above clipped stock. Representativ 7 cull ewes 2 cull ewes 104 feeder lambs... 85 western lambs 2 clipped wether 543 Mexican wether