Omaha Daily Bee Newspaper, February 23, 1903, Page 6

THE OMAHA DAILY BEE: MONDAY, FEBRUARY o TWENTIETH CENTURY GRAFT Marvelons Base with Whick Fools Were teparated (rom Their Money. FLOOD OF LUCRE BEWILDERS PROMOTERS Milllons Poured Into the Coffers of Get-Rich Fakirs—Side Lights on the Game Worked in St. Louis, The ruccessive collapse of get-rich-quick | goncerns in Bt Louls, Chicago and New | York gives fresh emphasis to the saying. “A fool and his money are soon parted.” | The ease with which thousands of credulous people handed In thelr money on the mere promise of irresponsible grafters suggests the need of amending the Barnum maxim #0 as to read, “A fool is born every sec- ond.” Seven of the wrecked concerns fn St Louts, gambling on horse races and in grain, had 48,600 customers on their books and they atand to lose a total of $1,585,000. These estimates, made by the St. Louls Republic, are based on the best informa- tion obtainable from books, employes and victims of the looted concerns. Chicago and New York together will easily duplicate the St. Louls record, while New Orleans, where the game is being worked without interference, will add an equal amount to the total when the inevitable crash comes The way the game was worked is detalled instructively by the St. Louis Republic, and & few extracts will be of interest to the victims and the multitude inclined to be sporty with their money. The thing that stands out with glaring pre-eminence, says the Republic, is the utter looseness of the methods of conduct- ing the affairs of the office, the unbusiness- ltko administration of thelr affairs, the | wanton extravagance which prevalled on every hand, the laxity of system, which resulted in the squandering of vast sums of money in every department. Such was | tho riotous profigacy extant that it is estimated fully 35 per cent of each deposit was dissipated in useless and unneccssary “expens: before even an attempt could be made to invest it. No such reckless extravagance would bo tolerated for an hour by any reputable | usiness concern, and yet, although these | facts were known and freely commented upon by hundreds of Investors, they con. | tinued as depositors. Many had blind, im- Jlicit falth in the statements of the officers ‘hat the companles were earning fabulous | rofits on their speculations, and could at- jord to have a liberal expemse account. Others, suspecting the truth, took a #ambler's chance, trusting to pull out con- ulderably more in premiums than the prin- | «ipal Invested before the final collapse came. The smallest salary received by any of the office force was $10 a week, and salaries tanged from that to §250 a month. Knew How to Catch Suckers. The willy promoters, expert judges of yullible human nature, well knew how to talt the hook to catch the “suckers. ‘2 other and more legitimate line vearances count for everything, and first impressions ‘are lasting. Everything wi irranged to give an alr of solidity and prosperity to the business, = Magnificent wultes of offices in downtown buildings ‘were lavishly and luxuriantly fitted up, vourteous and affable employes and attend- nts wi secured, and every convenlence nd accommodation for patrons was main- alned. Especial atention was devoted to sroylding for the wants of lady patrons, ‘who outnumbered the men almost two to sne. Stenographers, typewriters, book- sepers, cashiers and clerks by the score were in evidence, mostly girls, young, good looking, neatly dressed and altogether at- ‘ractive. The office presented a busy scene when open for business, and the general dr of activity and prosperity: which hov- ‘red about went far toward stifiing the *uspicions of the timid and confirming the bellef of the credulous that the business wi being conducted on a sound and profitable basis. Although the companies employed a corps of experts to prepare the specious and In- genlously worded advertisements, circulars and pamphlets extolling the merits of the investment, thelr most industrious and suc- cesstul advertising agents were the credul- ous Investors themselve The women e peclally were helpful in securing new in- vestors. Every depositor who had recelved A premium for a couple of weeks promptly, as agreed upon, became immediately an industrious press agent for the concern, and made h; to inform his or her friends or neighbore of the scheme, extolling its merits to such good purpose that the Iistener straightway invested his scant sav- ings, or all that he could beg or borrow. in the “mine. Thus the scheme becamo an endles chaln, In which the promoters had nothing to do but reap the reward of the energy of their dupes. There would have been no occasion for them to spend a dollar for ad- vertising or for agents to drum up new trade, if it had not been for the occasional acores resulting from the efforts of honest men: to have the authorities institute a prosecution. These spasmodic scares re- sulted in heavy withdrawals of deposits by timid investors, necessitating full-page ad- vertisements in hundreds of newspapers, and the employment of agents to restore confidence and secure new investors. All this entalled vast expense and made sad inroads on the capital. et Without D) These constant and incessant drains upon the exchequer were met without trouble or inconvenience by the simple expedient of using the capital of the depositors, and not, the “suckers” fondly believed, by re- course to the “surplus profits” of the com- pany, There were no surplus profits, nor, The process of conducting the business was simple. The promoters took & depositor's money, used 35 per cent of It for operating expenses, and pald him his weekly dividend out of the remainder as long as it lasted, After it had been all used up the deficlency was made up out of the money of the depositor who invested later. This process could be kept up indefinitely as long as the supply of new depositors remained undiminished, unless the law interfered, be- cause there is a trite saying that * is born every minute. The liberality of the promoters in the matter of salaries, commissions and tips was never surpassed by “Coal Oll Johnnte The ial who performed the slightest service about the building for one of the promoters or managers recelved munificent Alps. Extra night work was paid for at the rate of $1 an hour and $5 for Sundays. The womea. employes were furnished sumptuous meals when they worked at night and were sent home In carriages. Bartenders, wait- ers, porter: wsboys, bootblacks, every- body who eerved the officers, were rewarded with extravagant tips. Money flowed like water when they walked abroad. The im- pression became general among the un- thinking that the concern was making enor- mous profits to permit of such lberality, and the golden flood continued to pour in the profits as agreed, it soon became ev Informed that his sisters must call in per- dent that not the one-thousandth part of | son for their money. Next day his sisters the money recelved could be advantageously | reached the office at 8 a. m. and took their used on all the race tracks and breeding | Place in line. At noon the shipping clerk's farms in all America, even if all individual [ employer sent him over to withdraw his bookmakers were retired from busines deposit. He succeeded in forcing his way Money not in use cannot earn any dividend, | Into the crowd just as the impatient mob and there were millions of dollars in the | made a rush to get past the policeman at hands of the concerns absolutely tled up | the door. As the policeman whirled around and being dissipated In reckless, wanton | With uplifted club to drive the crowd back, and criminal extravagance The operating expenses of these concerns, the young man slipped under his arm un- observed, and reached a position near the added to the weekly premiums due each | head of the line. Twenty feet in the rear week, were 8o heavy that it wae a physical [ he saw his sisters, but, although he had impossibility for them to win enough In | gained a point of vantage, he was unable wagers, no matter how large the wagers, |to advance their interests. He got his em- and how successful the play, to pay one- ployer's money and went away. At 2:30 p half the premium. The deficlency was | m. his sisters landed plump against the made up from the nonearning capital on | cashler's window and breathed a deep sigh hand. Beginning of the End. This was the alarming state of affairs last December when Arnold & Co. & tempted to relieve the straln by reducing of relief. As they passed in their certifi- cates through the window, Manager Hogue cried out: “Pay no more deposits!” The window was closed with a slam. the amount of the weekly premium trom 5 [ FAT WOMAN IN A TURNSTILE to 2 per cent. This was the beginning ot the end. Rival concerns, eager to increase | gy o their capital, refused to make a similar re. duction, and bid for Arnold's patronage. In a month the withdrawals weakened Arnold to the breaking point, the disaffected ones investing in rival concerns. The investigation begun by the circuft Struggled to Get Free, Rang Up a Fare and Then the Trouble Bemgan. In the United States cireuit court, before attorney two weeks ago, after the postal | Judge Lacombe Monday morning, will coma authorities had made a partial examination | Up & case that has its Interesting as well of these concerns, was the direct cause of | as amusing side, relates the New York the collapse. Arnold & Co., learning that | preas. the grand jury was Investigatjng its meth. ods, and being financially 'weak, took It s that of a fat—fat, not stout— woman who got stuck in the turnstile of refuge in the pretext that the legislature [30 "L station, and in her struggles to was about to examine its affaire, and shut down, pulling the other companies to ruin with ft. Many tales are told of how the turf in- vestment companies were bled right and left by unecrupulous persons. These Indl viduals, realizing that the ‘“investment™ scheme was a mere cloak to “skin the public,” recognized the promoters as le- gltimate prey and proceeded to “skin them in turn, secure in the knowledge that they could not afford to “squeal.” The tempting commissions offered to agents who secured new investors offered a rare fleld for bleeding the companies. Agents received a commission of 10 per cent and, fn many cases, 16, 20 and 25 per cent of the amount of the money deposited by a new patron secured by him. This commission was pald immediately, whether the depositor allowed his money to remain on deposit one year or one day. A dozen instances are rocorded where the agents took advantage of this rule to enrich themselves at the expense of the companies. They organized parties of four, five, six or more, raised a fund of $500 or $1,000 and deposited this in one of the companies under a certain name, receiving the com- mission. The following day the deposit was withdrawn and deposited with another company, another commission being earned. This was continued until the money had been deposited with each of the elght com- panies, when the round was again made, another individuai appearing as the des positor. Thus In innumerable instances each of the companies paid on the deposit commissions amounting to twenty times the principal, which it had never had the use of for more than a day or two, and which finally remained in the possession of the conepirators. This easy way of making blg money at little or no risk came to the ears of others than agents, anq many bona fide depositors worked the game for weeks before the pro moters realized how they were belng bled. This led to the adoption of the thirty-day rule, requiring depositors to give a month's notice before they could withdraw thelr de- posit. Even under this rule the schems was worked, and finally the companies ceased paying commissions altogether, as the money was coming In without sollci- tation anyway. Many Investors Mere Women. The unfortunate feature of the affair Is that a majority of the Investors in these concerns were women, and by far the major part of whom can i1l afford the loss of the money. Many of these are young working girls, servants, widows, dependent upon their own exertions for a livelihood, who have Intrusted their entire savings to the mercy of these men. It is true that there are some depositors who realized at first blush the dangerous character of the busiuess, but who were willing to risk the free herself moved the gate back and forth, registering a fare with every kick, until the ticket seller was driven frantic at the fares being run up, for which he would have to be responsible. He grabbed her and began hauling her out on the installment plan. Bvery timo he gave a yank she yelled and kicked, and the gate moved and the fateful register registered. When he finally got her out of her embarrassing position she was in a te of collapse and he had about forty s on his register. She didn't pity him one bit, but sald he had been too rough. She went to bed for several weeks. When she racovered sufficiently she engaged A. Hershfleld of 141 Broadway and sued the “L" for $20,000 damages. Mrs. Esther Schlesinger of Newark is the fair plaintiff. She was visiting friends in East Fifteenth street and started for home by way of the Second avenue road. The station at the junction of those two streets 18 equipped with that one-mansaving device known as a registering turnstile, which once was described as being intended to make a person work his passage. When she came to the window and bought her ticket she hesitated at sight of the turnstile and looked inquiringly at the ticket seller. “Push,” he sald. Still ehe hesitated, knowing she was no fairy. “Push,” he repeated. Then, “Hurry up; don't block the way. Nervous at the attention she was at- tracting from other passengers who were crowding behind her and beginning to ake the free-and-easy remarks so com- on at crowded “L” stations, Mrs Schlesinger glanced again the narrow space between the arms of \the gate, and looked as if she would like to fly over it or sink through the floor. Pus| eald the ticket seller loudly again, and in desperation she pushed. The ticket man got sorry right away. Halt way in and -balf way out, she became wedged solidly, then pushed and backed in vain, every new move making an ominous clicking within the office that raised the hair of the agent. “Hold up!" he yelled. “Stand still! You're ruining me!” And he flew out of Bis office to offer whatever assistance he could. But Mrs. Schesinger wanted to get in or out, and ewayed back and forth, the the ticket man tearing his hair. Obviously, from her upper girth, she couldn't stoop, and, equally plainly, she could not climb out unassisted. It was a narrow pinch elther way, and the frantic agent grabbed her by the arms and tried to boost her out. As he was little ana nervous and she was big and nervous, she rose grandly from the floor only by inches, every yank given by the agent costing him 5 cents. She protested at being odds In a desperate effort to increase their | hauled out in such an unceremonious man- capital. There were others, however, to|ner from a position which she never whom the real character of the enterprise was not explained, or who, in their igno- rance, were advised by equally ignorant friends that the Investment was a safe one, It Is these that furnish the pathetic fea. ture of the o Widows who had been left a small sum by the death of the bread winner, widows who had saved a pittance by drudging toll, working girls and serv. ants who had stinted themselves to put by a tithe of their earnings for a rainy day, men whose earning capacity was fast de- creasing—these ‘were the real sufferers. | wanted to get into anyway, and the more she protested the more she kicked, the harder the agent hauled and the faster went the register. done, and with one last click the gate swung to and she sank In a heap on the floor, while the agent tore back to his office to count up his losses. Though Mrs. Schesinger had suffered greatly, she did not faint, and several passengers who had gathered around her sald the agent had been entirely too rough In his treatment. The contention of Mrs. The money that had been lald away fo | Schlesinger and her counsel is that she educate the children, to provide for the fu. | suffered permanent internal injuries. ture wants of the large family, to meetr Aisters and. brothers, wae mventod In iha| PUSHING A GREAT REFORM hope and promise of speedily increasing its scanty proportions. Humble homes that & week ago were bright with the rainbow- hued prospects of future bliss, are today black with the bitterness of disappointment and despair. Determined Effort to Outlaw Trous- ers and Hark Back to Sawed- of Pants. Instances are numerous where men and| It 18 reported from New York that the women sacrificed their belongings, mort- | tallors who set the fashions are going to gaged their chattels and sold their little | attempt to “bring fn" knee breeches for properties and invested it all in the bubble. | men once more. Let us hope that they A widow in South St. Louls, unable to speak English, took $600 which she had in bank, saving to rear and educate her chil- will succeed. Of all the articles of men's wear, com- dren, and deposited it all in one of the|ments the Chicago Tribune, the modern companies on the representation that the | Barment variously koown as trousers, or weekly dividend would amply provide for | Panialoons, or “pants,” is the most hideous, her needs while her children were growing | Shapeless and inartistic, It s a mongrel up to an age where they could support | t0 begin with. Originally it fitted closely, her. She had recelved one dividend when |38 We may sce by pictures of the time of the bubble burs Beau Brummel and the regent. With Hes. A butcher in North St. Louls sold his | 51an boots, or even with shoes and gaiters house at a sacrifice for $3,500 and juvested | it _Was Dot unhandsome it all with Arnold two weeks ago. Stories| But some lunovating tallor concelved the like this could be multiplied indefinitely. | notion that male humanity should be in modified sailor fasbion, and There were pathetic, humorous and ludi- | to88ed out iz ’ crous incidents by the score in the offices | tb® “tights” which Mr. Pickwick wore of the yarlous concerns the days following | E3v¢ W8y to the monstrosities depicted in the crash, when depositors clamored for thelr money. Oh Tuesday the managers. seeking to allay the excitement and re- store confidence, hoping to diminish the run on the bank, had “cappers,” men and women, circulate among the throngs, loudly illustrations of Thackeray's novels—wide, shapeless bags, made of violently checked cloth, the whole gesting the taste of the stage darky. Since then we have had many variations of the sartorial genius. We have had asserting their belief in the stability of the | P-t0P ~ trousers and _trousers with companies, and exhibiting money which they asserted they wished to deposit. Their specious arguments had little effect on the stampede, however, and they were with- drawn the next day when their mission be- came apparent to the angry depositors. Clever Ruse Got Boy His Money. “spring” bottoms. We heve had very tight trousers and we have bad them so loose that they flapped in the wind like signals of distress. They have been alike in one particular, however. All have been hideous. The highest priced trousers ever made would not compare in comfort and sightliness with the knee breeeches which A quick-witted young man owes the sal- | young hopeful wears today. vation of $250 which he had with Arnold | Glance at & crowd of boys playlng in & Co. to his resourcefulness and nerve. .| the street and note the grace and ease Tuesday, while the office was packed with | which knee breeches confer even upon the angry depositors, he secured & telegraph | hobbledehoy. Then look at men, with blank and envelope and forged Arnold's | their “pants” lylng in wrinkles upon their name to a mesage, dated Hot Springs, |shoe tops or turned up to keep them out reading: “Give bearer, John Doe, his de- | of the mud. The comparison will satisty posit of $250. He is all right.” Armed|anybody of the superiority of the knee with this he forced an entrance to the | breeches, even if the vanished bicyele private office of L. A. Gill and handed him | craze had not demonstrated it beyond qu the envelope. Gill tore it open, read the | tion. in & satisfying stream The stream was too constant, however, and In & year had poured such @ volume of money into the Arnold exchequer that the promoters became alarmed. Other rival concerns had sprung up and were rapidly building up an enormous business. If the Bad originally intended to invest promoters message, and, without questioning its au-| Our sartorial dictators are to be com- thentieity, paid him the money. mended for their effort to re-establish the A shipping clerk in a downtown store|use of a convenlent and sightly garment, tells a bard-luck story. His two sisters|and if our tashion leaders have apy ar- had each a deposit in the National Invest- | tistic sense they will lend their aid to the ment company. S0 had his employer. | innovation—or rather the restoration. Wednesday he took his sisters’ certificates| It is a case of ousting a vulgar inter- down to the National, and, after reaching | loper ad calllog ia the rightful prince the cashier, after & thres bhousrs’ walt, was | again. | May being 4@Yc higher at 45 clicking within steadily going on, with | COMMERCIAL AND FINANCIAL Bullish Advices Lend Strength to Board of Trade Prices. MAY WHEAT GOES ONE-EIGHTH HIGHER Corn Also Rises, While O Drop Fraction, but Provisio) Rule Strong and Close Some- what Up in Price. CHICAGO, Feb. 21 -Bullish foreign vices imparted strength to wheat toda: a firm fecllog was manifested, May l4c higher May corn was up W@ic, while oats were off a fraction. Provisions were strong, the May products closing from 2%c to_12%c higher. There was 4 firm undertone in the wheat market and higher prices ruled under the influence of higher cables, the price at Paris being especially strong for the cur- Tent monthe. The correction made in the French crop report making the estimate not quite so Learish was the principal cause for the higher prices at Liverpool and In- directly helped valucs here. The opening was firm with May ,@%c higher at (%@ 7i%c, and under a good demand from shorts, who covered for tue Monday holl- day, the price aavanced to 8@78%e, selling off toward the end of the session. but the close was firm, with May e higher, at ko frer touching 78@7i%c. The volume siness was light. Small clearances— 20,000 bu.—and a good export demand were bullish influences, as were the strong mar- kets In_ the northwest. Primary receivts were 377,30 bu. Minneapolls and Duluth reported ‘receipts of 211 cars, which, with local receipts of 22 cars—one of contract grade—made total recelpts for the three p(\l'\;n of 233 cars, against 420 cars last week. Corn was 4rm early on continued light receipts and hlfh!r cables, and a strong demand held prices firm. Provision people were again buying July quite freely and there was also some demand for May from commission houses. The weather condition | was favorable, but had no special effect on the market. The absence of any selling pressure was a help to better prices. The close was firm on a good export demand, e, after sell- ing between 46%c and 46c. Local receipts were 327 cars, none of contract grade. The trading in oats was light, but the general tone of the market was firm, al though heavy realizing late in the 'day caused a slight reaction. Commission houses were the best buyers and there wa: some buying for short account. The close was steady, with May a shade lower a BWY@BYUC, after ranging between BHRAINC and 36c. 'Local recelpts were lght at 169 cars. Provisions ruled strong and more than recovered the loss of yesterday. Shorts were good bu of May ribs and there was a good ral demand for pork and ribs supposed to be for trade account of local packers. The advance in hogs wa one of the chief causes for the strength the start. The close was strong, with May pork 12%c higher at $17.67%; May lard was e higher at $0.574, while ribs were up Tige at $9.67. . timated recelpts for Monday: Wheat, 3 cars; corn, 3% cars; oats, 200 cars#Fho; 43,000 head. No market on Monday—holiday. The leading futures ranged as followa: Articles.| Open.| High. | Low. | Close.| Yed'y. “Wheat | | ‘eb, N ST % May * [TTR@%(T8 @% ’1?2 7 “ July |77 *Corn— | | o Feb. Joi. May July May July, Sept. July Sept. *No. 2. 3 Cash quotations were as follows: FLOUR—Market _ steady; winter pat- ents, $3.608.70; straights, $3.30G8.40; spring atents, : straights, $3.1068.40; akers, 3252 0, % No. 2 spring, 78@T¢; No. @e: No, 3 red, TAGIRG i CORN-No. 2, the; No. 2 yellow, te. 0. 2, 34c; No. 3 white, \ RYE—No. 2, 48%c. A BARLEY—Good' feeding, 42@4éc; fair to choice malting, .48@ssc. SEEDS—No. 1 flax, $1.143 No. 1 north- ern, $119; prime timothy, $4; clover, con- trlacflt ade, $11.65. PROVISIONS-Mess pork, per bbl., $17.50 @iTe. Lard, per 100 ihe. 898 0. Short ribs sides "(loose), $9.40G98.60. Dry salted shoulders (boxed), $8.12 . Short clear sides (boxed), $0.76@9.875%. Following were 'the recelpts and ship- ments of flour and grain: eceipts. Shi 1 Flour, bbls. 0 T o ‘Wheat, bu 5,400 Corn, bu....... Qats! bu i e, bu. e : Barley, bu... X 38,000 5300 On the Produce exchange today the but- ter market was firm; creameries, 18@2ic; dairles., UGc. Eggs, easter; at-mark, in: cluding cases, 15G1sic. Cheese, steady, at 12%@12%c to 13@1He. NEW YORK GENERAL MARKET, Quotations of the Day m Vi Commodities, EW YORK, Feb, 2.—FLOUR—Re: 1120 bbls.; exports, 5,880 bble mareat steadier, hut rather ' duil; winter patel $3.66g4.0; winter straights, .m.r nesota patents, $.10g4.25; winter extras, $.50a310; Minnesota bakers, $2.008. winter low grades, 32.60G2.9. Rye four, qulet falr l(z) b‘u“d. $3.00@3.. cholce to 1uncy. %3.40@3.5. Buckwheat flour, qulet at $L0g2i0, apot to arrive. 3 3 “AL - Steady; 'yellow western, $L18; city, $1.16; Brandywine, $3.40@3.55. RYE—Firm; No. 2 western, 6, £. 5. b, afloat; state 57@H e i f., New York. BARLEY-Steady’ feeding, 4lc, c. . Buffalo; malting 534@édc, c. 1. f., Buffalo. WHEAT—Recelpts,” 280 bu.;" export 16,425 bu. Spot iirm; No. 2 red, 8, ele- vator, and &%c, f. o. b, afloat; No. 1 northern, Duluth, %c, £, o. b., afloat; No. 1 hard, Manitoba, Wc, f. 0. b., afloat.” Op- tlons were very firm ‘all morning on a de- mand from shorts, inspired by a bullish French crop report, higher cables and firmer corn market. The close was firm at %@ll4c net advance. March, 84@S4c, closed ) y_closed at 8l%e; July, T8%@ | fe,’ closed at T8%c; September closed Receipts, 53,000 bu.; exports, 164,424 firm; No. 2, 8c, elevator, and . b., afloa 0 H SA%c. rendon on better cables, ab- sence of contract arrivals at Chicago and continued poor country offerings. The mar- ket closed fitm at %@%c advance. February closed at b9lec; Marcn, 577-16@STHe; May, 5210782 $:16c, closed at 529-16c; July, 0% 50%c, closed at 50%c. OATE-Receipts, 34500 bu.; exports, 2,613 bu. Spot, steady; No. 2 'd3ic: standard white, #34c; No. 3, 424c: No. 2 white, #ic; No. § white, 48%c; track mixed western, nominal; track ‘white 48%@G4sc. Options advanced partially with other markets, but ruled dull. May closed at 42%c. HAY—Firm; shipping, 70c; good to cholce, $6c@3$1.06, HOPS—Quiet; state, common to cholce, 2G36¢; 1991 crop, 4G2ic; old 19%c; 1902 crop i 1901 erop, Y. HIDES-Firm; OGalveston, 20 to 25 lbs. 18¢; Califorata, to 2 1bs., 18¢; Tex: 10 30 1bs., 14e ATHER—FIrm; acld, 204@2%c PROVISIONS—Beef. dull; family, $15.00 @16.00; mess, $10.00@10.50: beef hars, $20.5)G 21.50; packers, $12.00@1 &ty extra India . '$25.00696.00. Cut meats, firm; pick- $9.256110.25; plckled shoulders, kled hams, 31L00G11.60. Lard, wes.ern steamed, $10.15; refined, steady; continent, $10.9; Bouth America. $0.8; ‘compound. 815001 Pork. firm! tamily, $18.50819.00; short clear, $15.76@20.50; mens, 31776 18.25. BUTPTER—Firm; extra creamery, %c; extra factory, 13@l6c; creamery, common to cholce, 18@27c; held creamery, 18@%c; state dairy, 16@25c; renovated, 13g1sic. CHEESE-Firm, state full creams, fancy small, fall made, 14i4c; late made, 13%@ldc; small’ white, fail made, 144c; late made. large, fall made. l4%ec: late made, i large white, fall made, 44c: late made, 134c. LGGS—Easier; state and average best, 17c; southern, i6c; western faney, 16lec; refrigerated, {@lic. 'I’Al m\\;au(.dy; c‘l‘;\"fl: per pkg.), Be; country ree), uu}}.’-flm; domeat "Hhir to extra, 640 c: Japan, nominal. “\( TALS -Prices were Without guotabl change, but there was & stead tn all the metals. Tin, spot, $ per, standard, $125, nominal; lake and electrolytic, $12.80G713.10; casting, $12.6740 1, Lead $112; for spot. Spelter, $.00 Iron was firm and nominally un- changed though tending upwards. BUTTISR—Receipts, 4431 pkge., firm; state dalry, 16@25¢; extra : e, common to_cholce creamery, EGGS—Recelpts, 9, ; eas ; state and Pennsylvania, average best, 17¢; west- tancy, 16%c. CH d—Firm; full cream, fancy, col- ored, fall made, I4%c: late made, 13%@lic; small, white, fall made, l4c; late made, 13%0; large, colored, fall made, 14%c; large, white, fall made, 1tie; late made, 13%c. POULTRY—Allve: Firm; turk @ 16c; fowls, ibc. Dressed: Kasler; western chickens, 14@14%e; western fowls, ldc; turkeys, 18@1%c. OMAHA WHOLESA MARKET, Condition of Trade and Quotations on e and Fancy Produce arket weak; fresh stock, 1dc POULTRY—Hens, 10@10%c; old ; turkeys, 13@ ; ducks, S@ 8¢; chickens, per Ib., 10@10%c. DRESSED POULTRY—Chickens, 11@12c; hens, 11@12c; turkeys, 16@18c; ducks, 11@12c; geese, 11412 BUTTER—Packing stock, 13c; cholce dalry, in tubs, 16@17c; separator, 24@2c. OYSTERS—8tandards, per can, 25¢; extra Selects, per can, 35¢c; New York Counts, per can, 42¢; bulk, extra Selects, per gal., § bulk, Standard, per gal., $1.35. FROZEN FRESH FISH-Trout, 8@i0c; herring, bc; plckerel, Sc; pike, 8c; perch, fic; buffalo, dressed, 7c; sunfish, dc; bluefing, §c; whitefish, §c; salmon, 16c; haddock, llc; codfish, '12¢; redsnapper,’ 10c; lobeters, bolled, ‘per 1 , 83c; lobsters, green, per Ib., sic; bullheads, 10c; catfish, l4c; black bass, 0c; halibut, lic. BRAN_Per ton, 31560 HAY—Prices quoted by Omaha Wholesale Dealers assoctation: Chéice No. 1 upland, i; No. 1 medium, $; No. 1 coarse 3.50, iire straw, 36, Theso prices are for hay of 8004 color and quality. Demand falr; re- celpts light. CORN—4dc. OATS—3%c. RYE—No. 2, #c. VEGETABLES. NEW CELERY mazoo, per doz., 3¢; California, per dox., 46@ioc. POTATOES—Per bu., 40@4sc. LSWEET POTATORS-lowa and Kansas, NEW PARSLEY—Per doz. bunches, 40c. NEW CARROTS—Per dos. bunches, 40c. LETTUCE—Per doz. bunches, 4c. BEETS—New southern, per doz. bunches, 50c; old, per bu., 4 UCUMBERS Hothouse, per doz., $1.76. PARSNIPS—Per bu., 40c, CARROTS—Per bu., 'dlc. GREEN ONIONS-Southern, per doz. bunches, 40c. RADISHES--Southern, per doz. bunches, we, TURNIPS—Per bu., 40c; Canada rutab gas, per Ib, luc; new southern, per do bunches, 50c, ONIONB—Red Wisconsin, per 1b., 1\7- white, per. 1b,, 2%c; Spanish, per crate, $1.75. SPINACH—Southern, per doz. bunches, c. WAX BEANS—Per bu. box, $3; string beans, per bu. box, $1.50. CABBAGE—Holland eeed, per 1b., 1%c. NAVY BEANS-—-Per bu. §2.55. TOMATOES—New Florida, per 6-basket crate, $4.50@6.00. u%uun,uwufl,—c-lltormu per craf FRUITS. PEARS—Fall varieties, per box, $3.60. APPLES—Western, per bbl, $2.15; Jona~ thane, $; New York scock, $.%; California Bellfiowers, per bu. box, $1.50. GRAPES-Malagas, per keg, 36.0097.00, CRANBERRIES — Wisconsin, per bbl., $10.00; Bell and Bugles, $11; ver box, $4.50. STRAWBERRIES—Floriaa, per at.. ste. TROPICAL FRUITS. LIEMONs—California. fancy, $80; cholce, ORANGES—California navels, fancy, $3.00 15; choice, §2.75; Mediterranean sweets, 25:' sweet Jaffa, $2.50. DATES—Persian, in 70-Ib. boxes, per Ib,, o0c; per case of #-ib. pigs, $.3 FIGS—California, per 10-1b. cartons, 9c; Turkish, per 8-1b. box, 14@isc. MISCELLANEOUS. HONEY—Utah, per 24-frame case, $3.25; Colorado, $3.50. CIDER—New York, $; per %-bbl., $2.60. ”aAusggn.:am—w:-comm. per ' $-bb.., MAPLE SUGAR—ORfo, per b., 10e. POPCORN- Per Ib., 2¢; shelled, 4c. HIDES—No. 1 green, Sc; No. 2 green, bo; No. 1 salted, 7c; No. % salted, . veal calf, 8’ to 12 Ibs., calf, 12 to 15 Iba. te; dry’ hids Ppelts, Z@ibc; horse . NUTS—-Wainuts, No. 1 s ¢ shell, per 1. 16c; hard shell, per 1b., lc: No. 2 soft shell per Ib., 13c; No. 2 hard shell, per Ib., 12c rasils, per ‘Ib. 12; filberts, per Ib., ic; almonds, soft shell, per Ib., 16c; hard ‘shell, per Ib., lbc; pe: large, per Ib., 12ic} small, per Ib., 11c; cocoanuts, per doz., fc; chesthuts, pér Ib., 10c; peanuts, per Ib., Se; roasted peaiiuts, per b, e black walnuts, per bu., $1; hickory nits, per bu., $1.00; cocoanuts, per 100, $4. OLD METALS, ETC.—A. B. Alpirn quotes the Tollowing prices: Iron, country mixed, per tons, S11; fron, siove plate, per ton, {8 gopper, per Ib., 8l4c; brass, heavy, per’ Ib., 8%c; brass, light, e 1b., Si4c; lead, per Ib., §¢; zinc, per Ib., e Forelgn Finaneial. LONDON, Féb. 22.—The stock market opened and closed with a very strong feel- ing, but in the middle of the week it showed some weakness. Consols struck the lowest point they have reached this year, beca. of home selling. Ame.ican ralls were list- less, Grand Trunks again being the feature of iransatlantic dealings. There 1s, how- ever, a note of returning confidence in Amerlcans, especially industrials. The fea- ture of the week was the fallure of the New Zealand loan, of which the home traders were forced to take 9 per cent, The bank rate remained unchanged and this was a disappointment and had a de- pressing effect on_business. BERLIN, Feb. 22.—The bourse had a quiet week, no 'depariment showing great ac- tivity. German and forelgn government bonds were not traded in the usual volume and mostly weakened moderately. The an- nual statements of the domestic banks are beginning to be published, the market giy- ing much less attention to them than in previous years.” The statements thus far ave not wholly satisfied the market hence the bank stocks have reacted from the high figures previously reached. Heavy trading was done in industrial shares, but without uniform tendency. Coalers were unusually strong upon the declaration of a 21 per cent dividend by the Consolidated Coal com- pany, the same dividend as in I%L Con- rolidited Coal company stock rose 20 polats on this dividend, other coal shares advanc- ing sympathetically. Iron shares were mostly somewhat higher. All the German cast iron piping mills have formed a prica ugreement and reports from the f1on_mar- ket continue to improve. Electricals had a moderate reaction after the heavy advance recorded during the previous weeks. Tex- tiles were unusually active. Woolen mills were generally lower, but linens and cottons rose strongly, the laiter upon the large ad- vance in cotton and yarns during the month. Cements were heavily dealt in, owing to the convention for fixing the price of cement, but the shares were mostly | unable to maintain the high quotations they had already reached. Hamburg-American and North German Lloyd shares were mostly lower and there were few dealin in them. Money was offered for the monthly settlement in the greatest abundance, but could hardly be placed at the lowest rate The London exchange Is again rising an it is believed that gold will go to London this week. Kansas City Graln and Provisions, KANSAS CITY, Feb. 21.—WHEAT--May, e8t4c; July, 66c. Cash: No. 2 hard, s8@70c! No. 3, 66@g0ic; No. 4, 60g6ic; rejected, bbG 80c; No. 2 red, Tlc; No. 3, 681 CORN—April, 38@3sye; Y, 38%@a¥%e; July, 8 CORNE No. 2 white, 0X@iic; No. 3, 40c. OATS~No. 2 white, %@86%c; No. 2 mixed, N 534 HAY—Timothy, $12.50G13.00; prairie, $9.00@ 9.5 BUTTER—Creamery, 20G2ic; dalry, 19c. EGGS—Fresh, 12%4c Wheat, bu Corn, bu Oats, bu Philadelphia Produce Marke PHILADELPHIA, Feb. —BUTTER— P ¢ hij rn creamery, ,"2c lower; fresh nearby, 16c at the markef; fresh western, 16c at the market; fresh southern, lsc at the ew York _full 1444c; New York New York New York prim ew York falr to good, la: Dry Goods Market. 2.—-DRY GOODS— unable to keep nace nces In co®on which are greatly disturbing trade. Moderate busi- Ness was tranescted at full rates generally on small lines. The buyers were largely culators. The Indian market was quiet and especially in the higher grades in Cal- cytta. There were falr transactions for China_at something less than sellers have since been quoting. The demand In other sections of miscellaneous operations restricted. The producers were firm in th ‘demands, being well supplied with orders. The yarn market hardened and American Rome trade qualities were in demand. g turnover was below the average. ) OMAHA LIVE STOCK MARKET Both Beef Steers and Oows Oousiderably Higher Than a Woeek Ago. HOGS ALSO HIGHER FOR - THE WEEK Active Demand for Fat Sheep and Prices Advanced from & Quarter to Forty C ing Week Under Review. SOUTH OMAHA, Feb. 21 Receipte were: Official Monday. 1 Wednesday Official Thursday Officlal Saturda; ending Feb. 1 ending Feb, 7 ending Jan. 81 ending Jan, 24 week lust year... RECEIPTS FOR THE YEAR TO DATE. The following table shows the receipts of cattle, Liogs and sheep. South Omaha for the year to date, with comparisons wi 338,815 421,385 Average price pald for - no the last several daye with com- o -} 2 ‘gas NSBE; *iggaa caceTo 285558 o co o€ BOCeT NRSRBE pegeR® £ ———— e IBuRs BEIg 33 cecetacacate oS eeees SIS e 2852283 m "guanes ‘eEResy #7 58228 e coneas B2 £ S 33333 pr— £38a3 = "gzEEs rop s S Eid PSP 8888 we & ¢ Indicates Bunday. The officlal g 2 number of oars of brought in today by each road was: M. & 8t, P. Ry.. seour! Paclfic Ry nion Pacific system W. R; el S i B ® Co R. 1. & P.'Ry., west Illinols Central ... Total receipts ‘The disposition of as follows, each buyer purchasing the num-. ber of head indicated: Buyers, * Cattle. Hog.) Omaha Packing Co. ) Bwift and Company . Armour & Co.. Cudahy Fackin Armour & Co. Armour & Co!, Vansant & o ansas City.... re were several oars of cat. but not enough d_for sale to make a For the week receipts have been quite liberal in spite of the extreme cold weather and & good Increase is noted over the corresponding week of last year. For the vear to date there is a gain of cbout r market this week has been isfactory conditi tendency of prices upward. been equal to the su day's offerings ohanged han son. A larger proportion of the receipts steers than at any former tim this season. but the proportion will doub! less be still large in the future, as ad: from the country show that the bulk of the fed cows have been marketed. ared with the close of last week it is safe 0 quote steers 15c highel blg quarter higher than t reatest improvement has been y and mediam wel such’as have been selling from #4. That is owing to the fact tha time on there will be cattle, while light and will be comp ever, 1s generally the case at this season of the year and the range of prices usually narrows as spring approaches. rice pald for steers this week has been .00, but a strictly prime bunch would sell above that figure, The cow market has also been active and strong all the week and a net gain of ¢ is reported and in some cases the advance has been as much as 3c. This advance applies to cutters and cornfeds. been in very strong demand and prices are only about” steady as compared with the Canners sell largely rom $3.25 to .26, Bulls have not shown any change all the week, limited for that class of meat. sell from $2.50 to $3.25, with choice grades around $3.60. Veal calves have been active and steady, top grades bringing $6.25. The stocker and feeder market has shown ; this “eek. Offerin, e quality poor, an just about steady. T! vance in the price of fat cattle this week has taken the warme reach of feeder buyer nothing that has been fed corn now sel for feeders. Common etockers and feeders from $3.00 to $3.50, falr to good to $3.75 and the better from $3.75 to $4.%. Representative sal BEEF BTEERS, CATTLE-Th tle reported thl of them were offere on the han jurplus of heav; tively scarce. Canners have not close of last week. $2.00 to $2.75, the medium to $3.25 and cholcer kinds s the deman very little chan been light and may be quoted p cattle out of the 80 that practically T ongaatits 305 S8TOCK COWS AND HEIFERS. L. 430 280 STOCKERS AND FEEDERS. HOGS—The hog market was rather u even today and could be quoted At the opening o ket some of the buyers started out and rices for the good heavy- hought them lar On the medium welght hoy were bidding mostly a shade easier, the extreme lightwelghts were fully nickel lower a maostly from $. stuf? sold fro not active ex: middle of the .market when mediumweight hogs sold about steady, but the close was very slow and weak, and it was rather late before the pens were cleared. For the week recelpts of hogs have been uite liberal, there being but rom last week. shade easler. $7.00 to $7.10. pt for a few minutes ittle change For the first time in & long while there is an increase over the week of last year. 0 quite an extent week, but the general tendency has been and the week closes with prices higher than the close of last week. entative sales: s have fluctuated 2ESTELERET EEEEERRES FELES BRREZEET zr3833 ®: 2588 e ey 3 2 22338 wi = 335322838 of sheep and lambs were liberal again this week, there being big gain over the corresponding week of last year. The increase for the year to date now amounts to about 62,000 head The market hus been very active all the week, With the tendency of prices decidedly upward. Good stuff in particular has been in big demand. The advance for the Kk may be quoted 2g40c, the greatest advancs being on yearlings, ewes and lambs. Thero have been no prime lambs offered hero this week, 80 that the market on paper has not 1ooked very high, but a strictly prime it is thought would sell at from % $7.00. It is very cvident from the way pack- ers act that they are anxious for supplies, as they have bought practically everything that arrived here as soon as unloaded. Feeders have been in very light supply all the week and as there has been quite a demand prices have improved. The quo- tations below will show the prices at which the different lines are selling. Quatations: Cholce lambs, $6.50G8,75; falr 00d_lambs, 35,606 ¢hofee Colorado 6, $5.50@7.00, cholce lightwelght year- ings,. $.6¢60: choice heavy $6.4065.66; falr to good yearlings cholce wethers, % 351560, fair to good, $i.7 @5.25; cholce ewes, $4.6044.15; falr to good ewes, $3 2; feeder lambs. $4.755.50; feeder yearlings, $4.256475; feedor wethers, $4.0004.65; feeder ewes, $3.00G3.50. CHICAGO LIVE STOCK MARKET. Cattle Merely Nominal, While Hogs and Sheep Stay Steady. CHTCAGO, Feb. 21. CATTLE—-Recelipts, %00 head; nominal; od to ‘mm. eere, . oor 10 megdium, $3.250%85; me- .80; stocke®s and feeders, §2.350 , $1.40@4.60; heifers, , §1.40G2.50; bulls, $2.00414.25 @8.65; Texas fed steers, §3.50¢ HOGS-—Recelpts, 13,000 tomorrow ,000 head; left ov 4,000 head; opened steady;.mixed and but s, $6.0000 7.25; good to choice heav 2@ 7.50; rougn hea $6.95¢17.55; ight, $6.55017.00; bulk of eales, §7.0047.80. SBHEEP AND LAMBS—Receipts, 1,00 head; steady; good 10 choloe wethers, $5.000 b. alr to cholce mixed, $4.00405.00; west- ern sheep, $4.7@7.25; native lambs, $4.760 7.25; western lambs, $4.75¢ Official yesterda, Gattle o A Sheep .. Kna s City Live Stock Market, KANSAS CITY, Feb. 21.—CATTLE—Re- celpts, 5,000 head; market unchanged; cf gxport and dressed beef steers, 33.1005.26; fair to good, $2.%5@G4.50; stockers and feed- ers, $2.15g6.00; western-fed steers, 30000 5.00; Texas and Indian steers, $.0004.00; Texhs cows, $1.90@5.25; native cows, #2.000 4.06; native helfers, §2.26g4.25; canners, $1.00 g.ck; bulls, $2.25G4.25; ves, $3.50@8.00. efpts for the week, 25,000 cattle, 60 lyes. HOGS—Recelpts, 2000 hedd; markot steady to_strong; top, $7.15; bulk of sales, $1.100) 1.' 3 henfv 6. .15; mixed packers, 16; light, 36.20@7.05; yorkors, $.95G) 1,8, pifs. §.0g8.10. " Recelpta for the week, SHEEP—No receipts; market unchanged; native lambs, $4 ms?« ; western lambs, $3.85@8.76; feeders, $3.15@6.00; native weth ers, $3.5035.60; western wethers, $3.406.70; stockers and ' feeders, $2.60G5.65. Recelpts for the week, 25,000 St. Lomu Live Stock Market. ST. LOUIS, Feb, 21.—CATTLE—Receipts, 700 head, inciuding 59 head Texans: mar- ket active, steady to strong; native ship- ping and ' export steers, $4.15@0.50, witn strictly fancy quoted up to_$5. dressed beef and butcher eteers, $3.75G0.25; steers under 1,000 Ibs. $3.60g4.%; stockers and feeders, $2.40G4.50; cows and heifers, $2.20 47; canners, $2.25@3.00; bulls, $2.5004.00; calves, $4.00G8.00; Texas and Indian steers, 40; cows and heifers, $2.10G3.10. HOGS—Receipts, 3,500 | head; market steady to Sc lower: pige and lights, $6.800 7.00; packers, $7.0007.%; butchers, $7.15G7.40. SHEEP AND LAMBS—Recelpts, 500 head rket Srm; Dative muttons. #4466 50 ambs, .00, culls and bucks, o?? 4.60; stocKers, $1.5003.00; Texans, $3.35G4.25, §T. JOSEPH, Feb. celpts, 118 head; steady: $3.75@5 Texas and westerns, $3.85@4.%; cows and helfers, 82.0004.%; Veals. [004.65; bulls and stags, $2.7604.00; vearlings and caives, $2.7@4.25; stockers and feeders, 33.25@4.60. HOGBS—Receipts, 4611 head; light and Iight mixed, $.80G7.05; medium and heavy, $1.0007.2%:" ples, $6.75@6.50; bulk, $7.000 SHEEP—Recelpts, 55 head; steady; Colo- rado lambs, §7.10; yearlings, $6.85; wethers, $5.5; ewes, $5. Stoux City Live Stock Market. 8I0UX CITY, Ia., Feb. 21.—(Special Tele- mm.)—CATTLE-hem-(ISt ;. market steady; beeves, $3.50@5.00; cows, bulls and mixed, $1.5004.00; stockers and feeders, $2.76 @4.25; ‘calves and yearlings, $2.5004.00, HOGS—Receipts, 4,800; market ¢ lower; selling, $6.7007.06; bulk, '$6.75@6.50. Stock In Sight. The following were the receipts of live stock. at the six principal western citles yesterday: Hogs. Sheep. Qmaha (4 SRR Chic: 1,000 8t. .vouyh‘ 3 Bloux City Total Liverpool Grain and Provision LIVERPOOL, Feb. 21 —WHEAT—8pot, No. 2 red western, winter, steady at 6s 114d; No. 1 northern, spring, quiet at ts d; No. { Cailfornia, quiet at 6811d. Futures,’qulet; March, 6s'3d; May, 6s 2d; July, 6s 1%d. CORN — Spot, steady; American mixed, ““"M 0 stock. Futures, quiet; March, 48 55d; May, 4s 5 PROVIBIONS-Beef, easy; ext mess, 978 6d. Pork, easy; prime me: ern, 768. Hams, short cut, 14 to 18 Ibs. ensy, bs 64. Bacon, Cumberland cut, 26 to s, firm, ‘3s; short ribs, 16 to 34 Ibs, Gos: long clear middies, light, 2§ to 3 v, 478 6d; long clear middles, eady, 478; short clear ck . firm, 485 6; clear bel- s, 14 to 16 lbs., firm, 49s. Shoulders, square, 11 to 13 Ibs., firm, 40e. Lard, steady; prime weatern, lnfi!l;‘v". 48s 61; American refined, in palls, 48s 6d. TTERLFinest United States, nominal; good United States, steady, Sos. CHEESE-Steady: American finest white nd colured, 625 6d. Y OW-Prime city, steady, 288; Aus- easy, 33s 6d. Toledo Grain and Seed. Feb. 21.—WHEAT—Dull. but h 7Tc; May, 80e; July, o N Righer: “Fobruary; . 4% “6’;\1“3"[)"11 unchanged; February, 38c; May, 3 0. 2. Bilge. RYE. BEEDS—Clover. dull, ary, #1.12%; March §1 $1.86; prime alsike, $7.5 Wool Market. NEW YORK, Feb. 21—WOOL~Firm; do- m;“'rmlf:i':(n‘i Feb. 21.—WOOL-—Quiet, easy: medium grades and combing, 17@20%c; light fine, 16@10c; heavy fine, 11@lse; tub washed, 18@doc. Daluth Grain Market, JLUTH, Feb. 2. —WHEAT—Cash, No. 1 o, “ihge. No. i morthern. T4t northern. Thae; May, TTW@T%c; July, OATS—May, ¥c. Geo. A. Adams Grain Go. GRAIN, PROVISIONS AND STOCKS. “hicago Board of Trade, St. B i rchints. Bxchangs and Kan: sas City Board of Trade. oard Trade Bldg, Omah Room B o nes 1008 and 1017, » J. E. Von Dorm, Vice President, Write for our market letter and cash grain bids. P. B. Weare, n":‘ C. A‘_ Fieare, V-Prea WEARE COMMISSION CO., CHICAGO Members of the Principsal Lxchanges. Private Wires to All Points. GRAIN, PROVISIONS, STGCKS, BONDS Bought and for cash or fyture doltvery. OMAIA IMT.CH. 130-111 of Trade, W. B W Mesager,