Omaha Daily Bee Newspaper, October 19, 1903, Page 6

THE OMAHA DAILY BEE MONDAY, OCTOBER 19 IS PROSPERITY To STAY? Question h“m-d_b;thc Prolonged De- cline of Beowrities. TWO ELEMENTS AGGRAVATE SITUATION of Captains of In- To some observing minds the alternation of goneral prosperity and depression has seemed to resemble the movement of a pen- dulum. In the United Btates we have been enjoying a period of unprecedented pros: perity, prolonged beyond the term allowed for it by the theories of some economists. ~.Has now the pendulum begun to move downward? This question is suggested by the pro- longed and remarkable decline of securities, as well as by signs of decreasing demand for consumption In the iron and stedl trade, affecting an industry always in recent years regarded as a barometer, and now attract- ing more attention than ever before, on ac- count of the prominence of its sesurities in the exchange market. Our prosperity has been menaced by the excesses of the organizers of capital and the folly of organized labor. But the foun- dations of it were never more firm and broad. The crops are abundant, railroads are congested with traffic, the national cur- rency is no longer exposed to the threat of depreciation and the treasury's gold hold- inge exceed those of any other country in the world. Fletitious Values Vanish, The continuous and prolonged decline of marketable securities has cut away a mush- room growth of fictitious values. If it be true that artificlal pressure was at first ap- plied by powerful interests, it is also true that after a time no such pressure was needed to accelerate the downward move- ment. Owing to the excesses of wild infla- tion, chiefly in forming Industrial combina- tions and selling them to a confiding pub- le, the speculative financlal structure was in a highly vulnerable condition. As the decline proceeded, one weak spot after an- other was reached, one Interest after an- other became embarrassed, first-class se- curities were thrown overboard for the preservation of undigested or Indigestible ©ones, and the movement became one of gen- eral liquidation. It is a most encouraging #ign that it has been accompanied by a sur- prisingly short list of fallures. How does this affect the condition of trade and industry throughout the coun- try? Does it foreshadow depression as & result of underlying conditions, or must @epression be caused by it? Underlying conditions, not including those created by the speculator and promoter, are sound. But this fall of securities tends to affect the general situation, In several ways and for reesons which we shall point out. It has impaired public confidence in the Jeaders of American finance. By embar- rassing some capitalists and making others extremely cautious, it tends to check in- vestment In industrial additions and im- provements. Confi ce Impaired. Confidence in some of our financial cap- tains, who are in these days closely re- lated to our captains of industry, has been impaired, to say the least, by recent dis- closupes as to the methods of trustmakers and underwriting syndicates. The reced- ing tide of promotion water and froth has 1aid bare many jagged reefs of sharp prac- tice and much slime of selfishness, fto- gether with the gaping ribs of more than one wreck. At high water all these were eoncealed under the smooth surface of elevated and more or less patriotic finance. We have in mind the latest revelatfons as 10 the negotiations attending the promotlon of the Bhipbullding company and the sale of the Bethlehem Steel works to that com-' bination. As fo these transactions there 4 has been some sensational exaggeration in the press. Mr. Schwab, president of the steel corporation, had bought the Bethle- hem works for a little more than $7,00,000. The property passed under the control of the Bteel Corporation syndicate, an organ- {sation that made a profit of more than 360,000,000 upon & paid-in capital of $25,000,- 000. It was not deemed expedient for Presi- dent Schwab or the corporation to own these works and thus openly to monopo- lizse the supply of steel armor plates for warships. To the budding Shipbullding company they were sold.by the syndicate or Mr. Schwab for $10,000,00 in bonds which had share-voting power), $10,000,000 of preferred stock and $10,00,00 of com- mon shares. This may be fairly criticized &8 a somewhat flagrant example of over- capitalization, but it should be borne in mind that for the stock a market and a value were yet to be made. In fact, the #tock has had very liftle value in cash. Three-quarters of this stock was delivered to Mr. Bchwab and one-quarter to the managers of the syndicate, J. P. Morgan & Co. Of the remaining $26,000,00 of stock only a small portion had been distributed 10 the vendors of the subsidlary properties combined in the Shipbullding trust. Fleecing Invewsto, A formal agreement was at once drawn up, and signed by Mr. Schwab, the pur- chasing parties, and a firm of brokers, providing that all the remaining stock mot yet distributed should be withheld from the market and that no part of it should be sold or otherwise disposed of until the $165.000,000 delivered to Mr. Schwab and the 35,000,000 delivered to Morgan & Co, should have been marketed. The brokers , Were bound to sell this stock “as expedi- tlously and advantageously as possible.” They were to sell it at %5 and $35 per share (preferred and common), or at higher prices, it they could. It appears that the market would not absorb the shares. Few, If any, were sold. At some date mot mentioned the §5000,000 In stock which had been delivered to J. P. Morgan & Co. was sold to Mr. Schwab for $75,000, and this sum became a part of the Steel syndicate's profit. The firm of Morgan & Co. says to the public that it was not party to any agreement for selling these shares. While the apparently large gains of those Who #old the Bethlehen works existed merely on paper and have never been ma- terialized, the methods revealed by this Urting of the curtain, together with the amusing record of the attempt of the Ship- bullding company's promotion agents to procure the underwriting of bonds in Paris by persons on the ragged edge of financial circles, excite the disapproval and hostility ©f the average Investor The publication of such a chapter of finance may compel the sdoption of more acceptable methods of promotion. Folly of Labor Leaders. As we have sald, the decline of securities declining demand upon that public confi- | flnnf-! that sustains wage schedules and eeps labor employed. In accounting for (hs restriction of iron and steel output we must not overlook the long suspension of work dpon $90,000,000 worth of large build- ings In New York, the recent withdrawal of 460,000,000 from Intended investment in other similar bulldings there, and the partial paralysis of bullding work in other citles Wwhere the unions have shown an equal lack of good common sense. The entire fabric of Industry and credit is sensitive to thanges In the condition of the Industry that produces iron and steel. If the or- ganizers of capital, by their excesses, have threatened and endangered the life of the goose that lays golden eggs, organized labor may fairly be accused of the same folly. But we can find In fundamental conditions no warrant for a bellef that the pendulum has started, or Is about to start, on its downward sweep. The ‘boom” period of excessive speculation and promotion is ended. A perlod of industrial conservatism is probably at hand. There may be some reduction of output and prices. Further in- crease of wages capnot reasonably be ex- pected. But for a prediction of approach- ing depression there is no support In condi- tions that exist or can be foreseen.—New York Independent. ECHOES OF THE ANTE ROOM Washington lodge No. 21, Degree of Honor, Anclent Order United Workmen, held an interesting meeting in Workmen temple Thursday evening with some 200 members and visitors in attendance. The by-laws of the lodge are being re- vised which, when completed and adopted, will make this lodge one of the best In the state, as it is already the strongest numeri- cally, having nearly 600 members in good standing, Ten candidates were initiated, after which a number of interesting talks on good of the order were made by members and visi- tors, b The regular weekly review of Omaha Tent No. 7 of the Knights of the Macca- bees, was held last Thursday evening with over 100 enthusiastic sir knights present. A highly Interesting meeting was the result. The degree team was in good working or- der and conducted twenty-one of the unin- itlated along the mystic way that termi- nated in knighthood. Besldo the larg class initiated seventeen applications were read and the applicants were elected to membership. At the same time the mem- bers present assured the team that thers would be a large class demanding its atten- tion for every meeting during the remain- ing months of the year. Under the good of the order Sir Knight Haynes of St. Louls donated cigare, and he and a large number of visiting and newly made sir knights ad- dressed the tent in timely remarks. Red Cross lodge No. 4, Knight of the Golden Eagle, is arranging for a big time on the occasion of its fourth annual ball, to be given at Woodmen of the World hall Saturday eveninyg, October 24. A very interesting affair is promised for Tuesday evening, October 2, at Pattersom hall, Beventeenth and Douglas strests. The occasion will be the monthly open meeting of Grant post No. 110 and Woman's Relief corps. A fine program has been arranged and high five, with a soclal good time sup- plemented with refreshments, will be the chief features of the entertatnment. Mem- bers of the post and corps will please bear the date in mind. Post Commander Renwick of the Phil Kearney post, Grand Army of the Repub- lic, Bouth Omaha, nounces that the post has decided to meet the third Saturday evening of each month, instead of twice a lsm:nll:’ @s heretofore. A meeting was held aturday night at the usual place, - sixth and N streets, opesshos o Clematls camp No. 1786, Royal Neighbors of America, Is arranging for a dance and card party for the evening of November 13, Charles L. Hopper, past vice chancellor of Beech camp No. 1454, Modern Woodmen of America, Omaha, has been elected to the office of grand banker of the Bankers' Union of the World. The Silentium llwfllllon held its regular seml-weekly meeting at the city hall, Omaha, Saturday evening. The Grand Army of the Republic of this department is already casting about for the Nebraska department commandership next year. Lincoln will present the name of Past Chaplain Rev. Harmon Bross. It 18 pleo learned that John Lett, the present senior vice commander of the department Is ambitious to succeed Commander Lee Estelle, and that W. H. Green of Omaha is not averse to trying for the honor. How- ever, the encampment 18 yet several months off and there will be no lack of by candidates. The Foresters of Maple camp No. 845, Modern Woodmen of America, gave their first grand ball of the season Thursday evening in Chambers' hall, Seventeenth and Douglas streets. The affair was largely attended and very enjoyable, The promotion committees of the Modern Woodmen of America will hold a union meeting at 8outh Omaha on Thursday even- ing, October 22. The interest in the meet- ing is growing and promises to be a big one. Tvy ecamp No. 2, Royal Nelghbors of America, will give a card party on the evening of October 21, and a grand ball on the evening of November 4. It is the Intention of South Omaha camp No. 1906, Modern Woodmen of America, to hold an extensive and attractive series of soclal entertainments this winter. The Royal Neighbors of America, auxili- |ary to the Modern Woodmen of America, made a gain of twenty-nine members in Nebraska during the month of September and & gain in the entire jurisdiction of ¢4 —_— b Rook. Heaith, strength and vigor depend on di- gestion. Dr. King's New Lite Pills make W perfect or no pay. Only ¥c. For sale by Kuhn & Co. Another Oppo; ¥ tor Homeseekers Home-Seek. The Frisco System again announces that it will sell tickets from St. Louls and | Kansas City to points in Oklahoma, Ine dlan Territory, Kansas and Texas, at the very low round-trip rate of $15.00, Opportunities for homes in the Southwest are still plentiful, and the best lands are by no means all taken up. Bxcursion tick- ets sold at this extremely low rate will be good on any of the Frisco regular traina has embarrassed a considerable number of of the middle class and made others cautious. Thus the demand for con- leaving St. Louls at 2:30 pm., §:% pm. and 100 pm., October M, and leaving Kansas City 715 pm., snd 11:% p.m., on the same date. If you are looking to the Southwest for & future home, this excur- sion of October Wth is an excellent op- portunity to Investigate the country. Your own home ticket agent will be COMMERCIAL AND FINANCIA xiety of Bhorts to Oover Gives Btrength to the Market. WHEAT CLOSES A FRACTION HIGHER and Oats Slightly Lower as the of Friday's Heavy Selling—Provisions Decline, CHICAGO, Oct. 17.-The high premiums which prevailed in all markets for cash wheat was again the predominating in- fluence today, and resulted in a strong close, December being 4@%c higher, De- gomber corn closed Y lower. Oate fell oft with January provisions 12%c lower. M oneral anxiety on the part of shorts to cover thelr lines pending possible further advances over Bunday, caused renewed strength in wheat. The opening was rather quiet and easy, due to the indifferent cables, Liverpool being barely steady, De- gomber was Sit@aic, and with some profit- taking by local longs prices declined a trifle, December slumping off to S0%c. A demand from local shorts then gave fair impetus and the market rallled. Closing _ prices were at about the best of the day, Decem- ber being up 4@%c at 80%c, after touching 8lo. Clearances of wheat and flour were equal to_ 414,000 bushels. Primary receipts |were 1178,000 bushels, against 1210700 a year ago. ‘Minneapolis and Duluth reported receipts of 449 cars, which with local re- celpts of 100 cars, none of contract grade. made total receipts for the three points of 50 cars, against 6% last week and 867 a year ago. Corn still felt the effects of yesterday's heayy selling and was weak, notwithstand- ing liberal covering by some léading shorts. Cables and increased receipts helped to create a weak undertone. Later, on buy- ing by commission houses, the market de- yeloped a ‘stronger "tendency,, December being down Xe atter selling between il and 14%@#%c. Local receipts were 3% cars, with 8 of contract grade. Oats labored under the same difficulties as corn, and the market was dull and draj ing. After ranging between 35%c and 36 ocember. closed e lower at 3o, Local receipts were 21 cars Provisions ruléd weak on a larger run of hogs at the yards than had been anticl ted, with a decline of from 10c to 3c In Prices. "Packers appeared desirous of sell- ng, but the demand was light, shorts being the principal buyers. Closing prices were weak, with the January products each showing a loss of 12%c at 31190, $6.60 and $6.25, respectively. Estimated receipts for Monday: Whea 85 cata: corn, 40 Dara; oats, 305 bars; hogs, 30,000 hoad. The leading futures ranged as follows: Articles.| Opeg. | High.| Low. | Close.| Yes'y. Wheat ”‘Zm‘ #10 44! %, % G angl 7] umgha%gn illanais 861 . mfi”’ 1 0 12 20 81 804 |79% m’: 80% 0% | 660 | 6 67% ] A2ET 5K & 6 6 8 5 6 May a New. *No, 2. Cnh uotations were as follows: L $1.00@ straights, ng 'patents, % |26 %mw mr.\lgm-ofi‘mfiew bakers, $2.60 WHEAT—No, 8 spring, 8ic; No. 2 red, 8134 O N 2 4R e e AP {I‘XRLEY—OWG feeding, 41@42¢; fair to esln cholce malting, !EEDB—NO'! flax, No, 1 northwest- $3.00; clover, et B0 prime HmOtHY, contract grade, $10.7. PROVISIONS-Mess gmrk per bbl, $11.26 Lo, Lard, per 100 1 6.56@6.60. ” Short ribs sides ibata b ey sajted shoulders nmxm SiTa6s. Bhort lear sides (boxed), 124, The following were the recelpts and ship- ments of flour and grain Shipments. Flour, 400 Wheat, b (‘nm On the Produce exchange' today the but- ter market was fi reameries, 15?"0%1‘ dalries, 14G18c. Fggs, Airm; at mark, cases fncluded, 1agise. = Cheese, 1040 ke NEW YORK GENERAL MARKET. easfer, Quotations of the Day on Various Commoditie: NEW YORK, Oct. 17.—-FLOUR—Receipts, ; exports, 9,603 bbls.; market con- | grades, with a moderate $3.90@4.30; winter : Minnesota 'patents, winter extras, $2.90@3.25; Minne: BOLK; winter low grades. fait to good, demand; wi straights, $3. WL sota_bak 30306 Hys flour, firm ZG3.49; cholce to fancy, ¥.462. wheat flour, firm; §2.6, new crop. BUCKWHEAT 8lc, ¢. | €., New York, yellow wuttrn. $1.09; city, $107: il Aried, 80,0005 RYE—Dull; No. 2 western, 62%c, nominal, f. o b., lflalt state and Jersey, b6 EY-Steady; Leeding; Buftaio. malting. ook, ¢.i HEAT--Recel] hels; exports, market Ior spot, steady; No No. 1 northern, Duluth, hard Manitoba, Options opened | barely steady, but soon turned strong and advanced above yvesterday's high point on covering of December. Cables were easy and denled any Argentine damnge from frost. After a set wheat finally re- covered on bullish pnllllr‘n\ news from eastern Asia ar‘n! x:lm-ed ’?D higher. ay, 83 6- ecember, 86%@ exports, No CO! nr'l-uenelpu 06,060 bush la; ex aul 13,518 bushels: market for spot 83¢, elevator, and 62%c, f. o' b. afloat; No. 2 yellow, §c; No. 2 white, 6ic. Op- tion market ‘at first declined under poor cables and a favorable weather map, but later shared the ‘whent rally. The clos was dull and easy at lic net decline, M B fbidatie. cloded ige; December, Sigth 6lic, closed 51%c. OATS—Receipts, 75,00 market for spot. dully No. 3 dligc: etandned white, Mo, 2" itge; No. % white 4o: No. 3 Shite, inge: tack. whiter Hiaioe HA ~Bunl|y‘ shipping, 60G7 ehnlrf 8061 OPS—8teady: state common to choice, @IIe: 1902, 2@WKe: olds. 1013c; Pa- e‘l’ar; coast, 198, H@30c; 192, A@NB%e; olds, HIDES—Steady: Galveston 2 25 wunds, 18c; California 21 to 26 poundl, 9¢c. LEATHF‘R -Sleady; acld, 2GBYe: wool, PRO\'YBIOLP« BM‘Y steady; family, $10.00 00a8.50; beef ‘hams, $21 50% city extra India 4 50@15. ments, steady lrklM Mllkl $9.50@11.00; niekled shoulders, fi. ; plckled hams. $11.50@12.50. Lard, 4, $7.15; October clnged bushels; good to $8.50: comnound, rim;,fi famiiy 819 000 50; short y creamary, creamerv Mmmnn to cholee 16@20c; lm([l tlon. 15@8c: state dniry, 16@19c; renovated, 1amie; factory. 14T SE--Oulet: state full cream, faney aniall colored. 11ise: large colored, TNe: small white. 114c; large white, 114c EGGS— d Pennsvivania extra -nnru. » $9.87%. chll:l.nl. o} ”Hnl!. o, Fenc: Bacon_(boxed), clear ribs, $9.37 HEMP TWI POULTRY-S8tead: %0; turkeys, 140; ducks, YW@I0C h TTER- 8t eady; creamery, BG4S OMAHA WHOLESALE MARKET. tion of Trade and Quota Staple and Faney Produce. EGGS—Fresh stock, loss off, 19%c. LIVE POULTRY~Hens, lolsrc ng chickens, $i@c; roosters, according to age, 4@%c; turkeys, Baisc; ‘o ducks, 66; young ducks, 8G8%o; 6o, Bvl‘n.n—mcmn. ock, i8c; cholce to ney dairy, in tubs, 16@1sc; separator, flc. H FISH- Saght crp plckerel, 8o; Bicise: biuhsh, thc: whitehsh: 1ic; haddock, lbe; codfish, 1%c} 1lc} lobsters, bolied, per b, reen, per Ib., .8c; 'bullheads, 1lc; catfish, fack bass, 0@25c; halibut, $0; crappies, herring, 6¢; whlte bass, 10¢; biw 8o, OYSTERS—New York counts, , per g .00; ‘extra selects, per can, , per andard, per oan, %o, per gal, BRAN—Per ton, $14,00, HAY—Prices quoted by Omaha Whole- sale Dealers’ association: Cholce No, #.00; No. 3, i medium, coarhe, 8.6 Rye straw, #7.05. These prices are for hay of good color and quality. De- mand fair and recefpts lght. CORN—8c. OATS—38c. RYE—No. 2, §0e. VEGETABLES. »EQEATORS -Colorado native, 8@10c. P S Wik POTATOES—Home bagket, 6lo; Virginias, per 3-bu. X BEANS—Home grown, wa: r'market bn-&l. 40@%0c; string, per market basket, :?()MATOEB—HomQ grown, per basket, NAVY BEANS-—Per bu., $2.65. CELERY—Michigan, per dos., 80@36c; |-r o o Satem, 4be. Ns- New homn ST dry, per Ib., anish, crate, $1.65. AGE—] lllmlrl l»lalhna< 1%e. —!-‘rn & 14 12 CAB Bl e bl 6. ns, large, 1b. 0c: l 00, “PBARS—Coloado and Utah Kelfers, $LT5; winter Nellls, $2.%6. APPL onathans and Grimes Golden, 5; | Adiehigan | stock, Bellfiowers, o, Now York stock, §.28G% B, Oregon L;glll., Greenings and Grimes Golden, per X, ‘L1 B dPls_cattornia Tokays, $1.60; New York, per 8-Ib. basket, 28c, b('m\flm;anams-—rer bbl., $1.78@8.00; per 0x, CALIFORNIA QUINCES—Per box, $1.65. TROPICAL FRUITS. ORANGES—Velencias, 126-160 sizes, $3.75; Mexican, all siz .00, LLMUNB—CIII(UH fancy, 300 to 360 sizes, $4.00; cholce W0 to 270 alzée, $4.00G4. FIGS—California, per i0-1b, cartos nDAThB—-Pertlan, per box of 30 pacl uuu. MISCELLANEOUS., CHBEESE—Wisconsin twins, full cream, 12%c; Wisconsin Young Americas, 1 block Swiss, Wisconsin brick, 12 Wisconsin limberger, 12c. HONIY—Nebraske, per % frames, f80: Utah_and Colorado,” per 24 fram BOPCORN Bt v, Bgc: ahelled, :mm HORSE RADISH—Per cuse of 2 dos., packed, HIDES—No. 1 green, e No. . l s"(sd. by No.'1 veal ealf, 3 to St 13 o 15 1he Gkcr dry’ sa Q tea, hlde sheep pelts, '25@bc; hor: NUTS-Walnuts, No. 1 soft-shell, 15c; hardshell, per Ib.. 14c; No. 2 sof per Ib, 13c; No. 2 k Brazils, per Ib., 11@11%¢; almonds, hard:shell, per Ib. . i0@1ic; smal, per peanuts, 4c; roasted P 12@18¢; s Olty Grain and Provisi KANSAS CITY, Oct 17— WHEAT -De- gember, @oi Maj, Ti; cash No 3 hard, 4 0, ;q.gxedmmzmamn 50s,"% CORN—December, 26%0; cash No. 2 mixed, 4i%c bk X2 i "4130; Ne. 3, u:‘)ATF—No 2 while}'87@3%c; No. 2 mixed, KYE—No. 2. hoice flmolhy. $0.50@10.00; cholee nmmfe : fancy HAY- prairie, $8.00. ALt Bl‘TTl* R—Crelm-ry. TGS Bteady; Missourl and nsas, cases roturned, 18%c; new No. 2 whlte wood cases included, 19c. Wheat, bu Corn, bu. Oats, bu. PHILADELPHIA, = Oct. Hu-nd fair demand; extra w: e "extra mearby prints, 2o F(,(;S——Flrm good demand; fresh mearby. 2dc at the mark; fresh western, loss oft; fresh southwestern, 20@Zc, loss off: fresh southern, Z1@22c. CHEESE—Quiet, but steady; New York e cholce, 1% lern cream- full creams, fancy, 12@12%c falr to good, 11G113e. Liverpool Provision LIVERPOOL, 7.~WHEAT--8pot dul No. 2 red, western, winter, 6s 4d; No.'1 northern, spring. no stock. 'Futures nledndy, October, nominal; December, (s ORN—Spot firm; American mixed, 48 %4 F'Ilklll'al dull;’ October, nominal; N vember, 48 2%d; December, 45 2%d uary, new, 4s 1a. Minneapolis When MINNEAPOLIS, Oct. 17.~WHEAT-De- cember. 813%¢; May, 80%c. On track: No. 1 hard, No. 1 northern, 86c. FLOT second patents, $4 3.60; second clears, BRAN—In bulk, MILWAUKEE, Oet, No. 1 northern, 87, ph, BARLEY— lendy No. 2, Gc; sample, 20 61 (COBV December, 44%¢c, bid. Peoria Grain Market, TEORIA Ill Oet, 17.~CORN—Lower; No. e No. 8, white, 3¢c; No. 4 northern, 8c; nA'rs aner. white, 85%@36c. To TOLEDO, Seed Market. oo gz—-gfir‘mlfi—c over, .Oe( ber, $5. ecember, anuary, F‘(—brulrz;" $6.65; March, $6.67). ~Prim ‘fi- sike, $6.50. Prime timot) Daul DULUTH, Oct. 17.—WHEAT-Close: track, No. 1 northern, #4%c: No. 2 northern, Il&v, December, 8¢, ATS-35%c¢. t. 11— WOOL — Following uota igus: Ohlo Penn v, three-eig} one- q\nnor blood unwashed. flne, 'nhod dll.l “ 21@28c fancy mlxM mashe: d Pennsvl- vania seconds to flr'( ras, 24c; western ex- to thirds. 17@ Bazic: retrigerated, 18 2ie. RI(‘B—-!IMAV' domestic falr 1 lnlln. l\omlnll ‘Weak e to extra, eity, country, No. 2 ruh $8%0; track, “ Dece ATS—Lower: December, %c; May, 3%@37c; No. TSniter ) FroTRo mnfo« n%nler natents. 3390 d stralght, $1.6002.9 unnaturally cut down by the [ able to give you full information as to tl.. fl-(r\ hacv an gt il i RA rack, 7@TSe. HAY-Dull apa nnevcnged; tmothy, 8.6 @700 prairie $5006110.00. N COTTON TIES-$1.06. 1 unwashed, M %c; fine washed delaine, Mc Kontucky. Indiana, etc.—three- .mmu blood, quarter bl brald, ifornia, mmnun. counties, 1 Utan_and Nevada medln;n 1017%0; medi c; fine medium, chol c; medium, cbnln. iou ally unchanged: ll.dhlln i e s OMAINA LIVE STOCK NARKET Oornfed Bteers a l.ml. Lower for * the Week, but Oows Are Higher. HOGS LITTLE HIGHER THAN A WEEK AGO L 1 Receipts of Sheep and Lambs, t Mutton Grades and Feeders Held Fully Steady—Common * Lambs Trifle Lower. BOUTH OMAHA, Oet. 17 . Hogs. Sheep. S0k - 30,166 iim berd 2610 Week ending Oct. 11. Week ending Oc Week ending Oct. Week ending Sept. . Week snding Sept. .19, Same week last yea: RECEIPTS FOR THE YEAR TO DATE. The following table shows the receipts of cattle, hogs and sheap at South Gmaha for {he year {o date and comparisons with last Cattle 52,750 -%’ifi: Hogs 211,47 88,047 pald for nhogs at South or ll. last several days with com- | 1008, ||.m 11901, [1900. (1899|1898, [1897. Jensn . 6 58, 6 18, - | ¢ L 2oeed I fé B ¥ i3 =Hgs TEres P bty oo 288232 "2g2228 " AL Po— PO B ¢ - PREERE RERNLY rescssmeecs > o oenoan o cannan BEEE8s P s cacocoesce 2% "sa8ses "mxw ————— [T JRp— 52853 B2 BEER Z‘Z‘Z‘SS% e aon ——— =8 - 2 . lnmc-m Sunaay. The officlal number of cars of stock bfl;:lhl In today by each road was ds. Sileacuns Bolts Unlon_Pacific 8y C. &N W Bl wamaotaln “'l';mudlunolll.h;|nl of the da; recal.?lu ‘was ollows, each buyer purchasing the num- ber of head indicated: ¥ & Cattle. Hogs. Sheep. 04 .. 8wift and Company. Armour & Co, Cudahy Packing Cudahy Packing C: Carey & Benton Hammond Standi; Armour, Sloux City Other buyers .. 8 1,110 Totals (867 4,084 1,086 CATTLE—Receipts of cattle this week have been rather moderate, as there is a decrease both as compared ‘with last week and with the rorr!rmndln{ week of last year amounting to about 500 head. The demund has been in falr shape, so that the general market has been quite satisfactory to_the selling inte:ests. There have been quite a few cornfed steers Included in the receipts and, while the best grades of handy weights have not ‘The market, though, has very uneven all the week, so that some sales have looked much better than others. The best grades of cornfeds sell from $6.00 | to S50, fair to good go trom T to H.0 and commnn stuff from $4.60 down. The suppl, K of cows has been rather light all the weel nnd under the influence of a g0od local demand the market has improved & little the advance Tor the week Amount- Ing t6 about 10@16c. Cornfeds have been very scarce and could be quoted from $3.50 to $4.2%5. The bulk of the offerings have come from the western rlnlcu and the good to cholce grades sel to $3.60, fair to good from $2.40 to l"m und canners and cutters from $1.75 to $2.35. Bulls have shown very little change all the week and grassers sell mostly from $2.00 to 3260 and cornfeds, though scarce, could be_quoted from $2. $4.00 for ver: cholce. Ve 1 culve- are alsg steady, Koo stades bringing The demand Jor stickers and teeders from the country has not been as brisk this week t and consequently prices have been dily downward. The best grades ehorned feeders and cholce year- not shown much change, but all others are safely 10@l5c lower than they were a week ago. Practically all of the stock cattle coming forward are from the western ranges and the good to choice grades sell from $3.50 to $3.90, fair to good from $300 to $3.40 and common stuff from 3300 oW1 There have been quite n few western grass heef steers on sale this week. but the demand hae been sufficlent to hoid prices fully steady, and In fact the better grades are, it anything. a little stronger. mon stuff, though, is barely steady. top price of the week is $4. od cholce prades of steers could be mlrl-d from $3.80 to $4.30. fair to wood 0 $3.50 and the less desirable grade« sell from $3.15 down. Range cows and stockers and feed- ers have been aelling as noted above. Rep- resentative sales: J. W lings hav Frazier—Wyo. 8§ feed rorereesistecstecs BRESBBHAR srsrsnenstorseatace LLRBSSWARA e 8 HOGS—There was just a fair run of hfl"l today, but tne downward course Of prices contiriu ’ The market here | opened 10ji6c lower than yesierday's aver- o dq bulk of the early arrivals sold | at way. The same a8 has been the case | i the week, though, the trains were siow | in arriving and packers closed the market lower than the opening. Sailesmen, in fact, had a hard time to get a buyer to even look at the late arrivals, and as a result the day was well advanced be.o e an, thing like & clearance was made. The hewvy hogs sold largely from $5.15 to $6.20, medium w.lghts went from to $.2% and choice lights sold from $6.25 tn $6.40. The market this week has been in very unmatistactory condition to the selling in- he first four days of the week price: moved Bteadily unwards but at the Rame time packers closed the market lower | every day, and as a rule the hogs had to| be carried over. The last two days prices have broke in bad shape so that the ad: vance of the first part of the week h: been nearly all lost. Repreum-uve sales No. [ ¥ un::nus::::;: SEBEEBEBEBBEERYIRIEES i SHEEP-—-There (ralh lrrlvull of asheep this mornln. 'llh which to make a test of the mrkel For the week receipts hlv.b“ e 1.beral, as there is a sl ght increase over \l.ll week, knd, as compared 832,291 lmw) lmm 14,156 | $5.306 | 4.85@4.20c; No. 8. 11, 4.40c; $3.0093.25; ll‘edfl‘ ewes, N ntative sales 86 Wyoming yearlings.. . CHICAGO LIVE STOCK MARKET. Cattle Market Nomtnal—Hogs Lower— Sheep Market Steady. CHICAGO, Oct. 17.~CATTLHE-Receipts, 600 head; market nominai: good to prime steers, $5.1095.75; poor to medium, §8.6084.75; stockers and feeders, $2.2864.10; cows, $1.404F 4.40; heifers, $200@4.75; canners, §1.40%2.:0; bulie, §2.00G4.2; calves, $2.5007.35; Texas l-d steers, $2.75@0.50; western steers, 8.0 u(ms Receipts today, 16,00 heas mated Monday, 20,00 head; market |0(l'l\r lower; mixed and b 9, to_cholce heavy, &;l Jg light, bulk of sales, sHhEP AND LAMBS-—Recelpts, 1500 head; market for sheop and lambs, steady; £00d to cholce wethers, $3.35414.00; fair o (‘hnl(‘e mixed, $2.0068.00; western sheep, $2.35 00; native lambs, $3 W, western lambs, $3.7666.25. S 5. Kansas City Live Stock Market. KANSAS CITY, Oct. 17.—~CATTLE-—Re- celpts, 1,000 head. The market was un< changes hMre export and dr steers, $4. 40; fair to BJ. stockers an 1 feodors, $2.0040: ‘wastatn fed ;';"7;3' $2.2504.20; Texns nnd Indian stees, t'; fo; ok (‘-nla 600 Recelpts, 2,000 hu\d Tha market 1150 lower; '?ms 5 Ik of saes. igheavy, mx pac ers, $5.46415.60; york ; plgs, .15 o5, Rocoipts, for week. “‘% o SHEEP AND LAMBS Heceipts. 200 head. The market was weak; \Pade Jemps, 1 e “rexan cllpM n Clipped shee ;nog ’E 00G0.50, Recelp stockers ‘and feeders, $2. for week, 33,300 head. St. Louis Live Stock Market. ST. LOUIS, Oct. 17.—CATTLE-—-Recelpts, 800 head, including 600 head of Texans. The market was steady: native shipping and ex. ort steers, eef and tCher stesrs, HMGE0; Sosra under 130 Ibe., $40008.0; stockers and feeders, 880! cows and heifers, $2.407M. $1.76@2.10; bulls, $2.25G4.00; caly Texas and Indlan steers, $2.5413.70; cows and hetfers, 32,0002 HOGS—Receipts. 280 head. The market was steady to 10c Jower $.40@6.90; packers, $5.35@5. best heavy, $5.600505 SHEEP AND LAMBS—Recelpts, 300 head. The market was firm; native muttons, §3.5 @37, lambs, $4. 0: t‘ullI and bucl-. 2.9563.75; stockers, $2.00@3.00. New York Live Stock Market. NEW YORK, Oct. 17.-BEEVES-No_re- celpts; 8 cars of Kentucky steers sold at $4.5035.00; dressed beef, steady; city dressed native sides, Cables quoted 108 e, dressed; rn-lrlgernlo\* beet, SH@MC, Exports, 8% head beeves, 3,580 quarters of eef. CALVES-—Recelpts, 40 head: a few veals sold at $5.00@%.60; city dressed veals, 8%@ SHEEP AND LAMBS—Recelpts, 273 head. " 'The market wan siow. with a wéak i Sheop, $3.60GM. lam!| lG $50; dressed mutton, 6@7i HO! eceipts, 2,620 hefld The market was lo‘er, Hshk state, $6.40. St, Joweph Live Stock Market. ST. JOSEPH, Mo., Oct. 17.—-CATTLE— h arket steady. 83" head; montly 20 ht mixed, $6.35@6.00: 00@6.48; bulk, .10 *Serp AND LAMBS—Receipts; 297 head; market steady. ceip X light and '1j m»mum ind’ heavy, Stoux City Live Stoek Market. SIOUX CITY, Ia., Oct. 17.(Special Tele- ram. )-—(‘A'l'l‘bE—Recel 100 head; mar- et steady; beeves, %; cows, bulls and mixed, $2.20G5. 0! wteokars aog foeders, $2.60613.60; calves and yearlings, $2. 0GR Roseints, B30 head: miarker 166 tower, selling at $.10@6.40; bufk, $5.2005.%. . Stock in 8§ are the receipts.of live stock at rincipal we!!ern cities yesterda ttle. Fo ‘!hu Followin, the &ix pr Cities. Omaha Chicago . Kansas City . St, Louls St. Josej Sloux City LONDON, Oct. 17.—Money was plentiful today. The announcement of a new issue of $10,000,000 in treasury bills October 22 strengthened discoun The fssue will materially assist the Bank of England to reduce the floating supplies. Prices on . the Stock exchange opened firm, but busin did not expand rapidly. David Morris, small broker, falled. Consols receded 1, but closad steadler. Americans _opened strong and closed quiet. Union Pacific and ‘Atchison were steady. PARIS, Oct. 17.—Prices on the bourse toddy were heavy. Rentes were somew at feeble. Internationals were steady. 0 private rate of discount was 21316 per cent. Coffee Marke NEW YORK, Oct. 17.—COFFEE-8pot Rio,.firm; No. 7 involce, 84c; mild, steady; Cordova, ' i@lic. The markeét for futures opened steady at a decline of 5 points, fol- lowing _disappointing European . cables, lower primary markets and full Brazillian receipts, but was rallied partly afterward by @ removal of outside demand, predic- tions for a decreased movement and bull- ish views concerning the crop. . Tradin was fairly active and the market close steady 2 points higher. Sales were uo- bags, Including December, & Al uary, 5.10@5.1oc; March, 5.3008.86; ¢; July, 5.55@6.680c; September, 5.65 PR, \ ar and Molasses. NEW YORK, Oct. 17.—-BUGAR-Firm. fair refining, I, centritugal X teat, e molnasen sugar. dlc: refin 1.9%c 4.16¢; o. H 4.00c; No. H,a)‘. mouid” A, b 6.86c; powdered, 4.05c; (‘llh-! 36+ SSES—Bteady; New Orleans open Kettle good to cholce, igto NEW ORLEANS. Oct. r.'—ancun—nun open kettle centrifugai. e rify white, 4%c; yellow, syrup, 3o MOLASSES—Dull; centrifugal, 15@18c. o Roni OIL CITY, Oct. 17.—OIL8—Credit ances, $1 certificates. nm bid: no sales; shipmenta. TLEI2 bbl age, 7588 bbls;; runs. everage. 14516 bhls.; s T iaLima, - .008, Bol. . \hverage, bhie runs, ' Lima.’ 64007 bbls.; average, NEW YORK, Oct. 17.—OILS—Cotton seed, qulet; wrime crude, nomin nrhm vel: low. 891M0c; petroleum, firm 910 Philadelphia. and mlumn me in bulk, $8.15. —Firm; strained common ‘to good, Evaporated Apples and Dried Frul NEW YORK. Oct. 17.-REVAPORATED APPLES—The market continued very quiat today, common heing quated at 4@6c prime at §1/@64c, cholce at 6@6%c and fancy at % aTc. CALIFORNIA DRIED FRUITS--8pot prunes are moving very slowly, in almost all markets, but are still held at from ic to 7c for all grades. Apricots are nctive at $%e for cholce, 10@10%0 for and at 11@17%c for fanny. Pa aulet, with choice guoted at TL@7o, extra cholce at T%e and 9%,@10%e. vt l‘l W'HIAKY 17— WHISKY—$1 i 17.~WHISK Y—$1.30. TRANSMISSISSIPPI WINS GOLF Contest with Western Association at PFORIA Oc( BT. with the same week of last year, there is bout - rln 37,000 head. n spite of the liberal receipts, however, the market has been in \or‘ satistactory condition and prices on desirable grades are as high as lhex’ wey u have all ha l “. rinn ‘met with ready sale at This m P rieh, 'Was 'trus of both -m for feeders has also been brisk, and wethers and yeariings, as wcll §00d cwes and lambs, have Jield fully steady with last '.fil ol‘lnl prlou Th have, however, flwd and flv‘ehllyml.ll t '.llhl.l grades are Nower, Common Swes are & CMh:l west- laml Vietory for Visitor, AURORA, IIl, Oct. 18— bam.)—The Transmississipol fion deteatea th Weatern Golf sssoclatio today on the links of th ougn Goif club at Wheaton, Iil, by & oore5¢ U to 10 Eleven men played on each side an match was at thirty-six hol Each pal ree points, one each for the morn g ;':‘llr;\mlm jou gnd one ‘en the ch. ollow Btuart Idrknoy‘ Transmisaiset F Spragus Abbott, 5 Q. F. mnn.mn, ., 0; Lambert, Transmississippl. 3:'B. ¥, . Transmjissisal i B Sionard Tre AT THE PLAYHOUSES. “Resurrection” at the BHoyd. Blanche Walsh and company in a drar {isation by Henry Bataille .and Michacl Norton of Tolstoy's story, 'Resurrec tion,” in a prologue and three acts. 1 the 'management of, Wagenhais & Kem- per. Principals In the cast: Prince Dmitrl Neckhludoft ..Mr. Alexander Von Mitsel gnats Nlprmmvm . Mr, Nathan M, Fostar “La Mr. Forest Fic . Mr. John M Mr, David M. Wright My, Foster Lardnor Mre. Henry Vandenhoft ‘Miss Zenalde Willlams I Mlss Alice Lovell Taylor Miss Jessie Ralph < Misa Jean Patrlauin Blanche Walsh Miss Jessie Ralph Judge Kolossoft \ladlmlr Simol The warder . The keeper Doctor ... Princess Sophia. Lrincess Marie acha. .. Al t Bonia Aunt Mary ...} Katusha Masiova Theodosia ......... One doesn’t go to see “Resurrection” with any notlon of being entertained; at least, if one does, the notion is dispelled very shortly after the curtaln goes up on the first act. Famillarity with the Tolstoy novel doesn't sufficiently prepare the audi- tor for the terrible realism, the exact counterpart of living misery, degradatio, and squalor presented on the stage. Tol stoy drew with master strokes the plcture of sin in its most repulsive and forbldding colors. He doesn't exagmerate, nor does )‘ spare the truth. In fact, it is the truth hd seeks to set forth, and he has done it, fearlessly and falthfully. For it is o fahoy ploture he has conjured up to gild & romance. It ls a chapter from life, not the Mfe of an individual probably, but a composite plcture of the lives of many, and one whose fidelity is admitted by the worldly-wise. The dramatists have faith- tully set forth the Tolstoy idea. The cen- tral thought of the novelist has been pre- served intact in the drama, romething all but novel in the matter of book plays But all of this is vain if not driven home with convincing forve, and this force s supplied by the artist who enacted the role of Katusha Maslova at the Boyd Sat- urday. A part without attraction other than the scope it gives for the manifesta- tign of abllity as an actress. Miss Walsh endows the character with a reality that is all but iptolerable. The change from her appearance in the prologue, a bright, happy girl, in whose veins the full-blooded current of life bounds unfettered, carried away by her ecstacy of lova, to her ap- pearance in the second act, a wodden crea- ture of the streets, despondent, desperate, hopeless in her degradation and bent only on drowning In the lowest of diseipation's dregs what Is left of her animal existence, is a positive shock. And Miss Walsh ren- ders it still more shocking by her painful fidelity to detall—an essential attribute to roallsm, the basls and life of the whole plece. Tt s a rellef when the curtain falls on this act, rendered the more grateful by the thought that the soul has been kindled ancw. In the third and fourth acts the character becomes essentially ideal, fllus- trating the possibilities rather than the actualities, and the theme takes on a moro hopeful turn. It is here that Miss Walsh gives the most pleasing exhibition of her abllity, and at the end of the fourth act, when she resolutely sets her face against the desires of her heart, and bravely looks forward to a new life, she reaches a climax, #0 quiet, so unobtrusive, so subdued, after the revolting scenes that have passed be- fore, that it almost seems that a lost one has In reality been reclaimed, and that the whole . thing has been actual and not mimliery, Miss Waleh's support is good enough to lllustrate the meaning of the play, withaut reaching the limit of its possibilities. Mr. Von Mitzel seems 1ll at ease in the rols of Dmitri, as though he didn’t really like to_do the part, although it is one offering aplendid opportunities to an actor. The. stage sottings are of a part with the text, and add much to the realistic ecffects achleved through the efforts of the great artist. Two very large audiences watched the play Saturday. It would harcly ho true to say that they were liberal in thelr applause, but the silence was that of thought and not of indifference, and that is the highest tribute that can be paid the plece. Don't Cough Alr Night. Restful sleep fellows use of Dr. King's New Discovery, the best lung cure in the world. No cure, no pay. b0 sale by Kubn & Co. rgest WI'II‘ wire s; and 'lll &ive you tl test prices at Chicago, Minneapolls and Dululh g S e gy oot 3 8 e glven, ns. lc" bu; on oats and corn, h.l stocks, 1-4 per cent. per s H ! p Us YOUR WHEAT AND OTHER GRAINS. We gusrantes highest cash prices and prompt returns, paying drafis in sdvance upon con- signments. Commissions, %o per bushel No Interest Charged for Carrylag Long Stocks. STOCKS ERAL OFFICES: NBEwW vom( LIFE BLDU., MINNEAPOLIS. ROBT. VANCE, Correspondent, 1618 Farnam St., Omaba. Tel. 8407, CHICAGO. OMAHA, MINNEAPOLIS Maahattan Bldg,. o ST. PAUL, MINN Dealers in @rain, Provisions, Stocks Bought and sold for cash or on reasonable margins. Members Important Exchanges. Pri. e Wire Room A dally market letter and pri- for qur dally market letter and. Ship Your Grain to Us. Best Facilities Liberal Advankes. Prompt Returns. 100 Bee Blds. Phone 3814 Omaha, Nebraska. Winnipes. WEARE GRAIN ©O0. 110-111 Board of Trade OMAHA, NEB. ©, W, Swerd, Manager, T Tel, 1510