Omaha Daily Bee Newspaper, April 7, 1909, Page 9

THE BEE: 7, 1900, TOCKS AND BONDS Offerings Exceed the Demands and Prices Start Downward. TRIPLE HOLIDAY §oteers. 1% 4™ T atoers... 30 40 HOGS—-Hogs ol Jewish holiday. ntine rails and Indlan stocks were very firm. Gilt-edged secur! ties generally were good on easier money while kaffirs and forelgners benefiled on Paris support. American securities com- menced well, but they lost fraetionally around noon on realigations. New York offered stock in the afterpoon and in the , Absence of support thé market finished | dull and easy. BERLIN, April &—Prices on today were moderately low taking. PARIS, April today were weak. New York Momey Market. W YORK, April —MONEY—on call . 1W@2 per cent; ruling rate, 1% per | | cent! closing bid, 1% per oent; offered at | 2 per cent. TIME LOANS—Basy and dull; sixty days 2,@2% per oént; ninety davs, g per cent; six monthe, @8 per cent PRIME MBERCANTILE ~PAPBR-34%64 per_cent. STERLING BXCHANGB-Steady, with actual business in bankers' bills at 3486106 | 48620 for sixty day bills and at $4.878 for demand. Commercial bills,$4.854@4. 8% BAR SILVER-50%c; Mexican dollars. e, BONDS—Government, irregular. Closing quotations on bonds were as fol lows UK. ref. tareg 40_coupon U. 8 I» reg 4o coupon electrolylic at $125001262% and casting at $1200%@12.680. Lead Aeclined to £13 10s_in London but remained quiet at ¥.07484 10 in the local market. Spelter was un od at £21 78 6d in the London market. The 1ocal market was quiet at $4.77440 4.8, Iron {Was a shade lower in the Engiish market with _Cleveland warrants quoted at 4 6d. The local market was unsettied wil prices more or less nominal, No. 1 foundry northern $I.60GN6.35; No. I at §15.3616.00; No. 1 southern and No. 1 southern soft a $16.000715.75. NEW YORK GENERAL the Day mmeodities. NEW = YORK. April &—FLOUR-Ri ceipts, 2,100 bbls.; exports, 15,000 bbls. Mg ket strong and higher with wheat; winter patents, $5.76@6.2; Minnesota patents, $.76 @615 Minnesota bakers, $4.50@4.75; winter straights, $5.5066.7 winter straights, $. to_good, M. AT CORNMEAL-Steady; fine white and vel- low, $1.841.60; coarse, $1.50@1.55; kiln arled, $3.45@8.76. RYE—Steady; No. 2 western, 88 b. New York, BARLEY—Steady; malting, 7607 it New York; feeding, 74@Tc, i New Spot mar- York. ”!‘.‘l. g, ele- al current receipts, in returnable casés At mark; western firsts free cases. at mark: current receipts, free cases, 3 [KELLOCC FLATS 1L COMBINE cnolce, T4@Iskc; fair to wood, 144@15. | Government Attorney Deolares Orig- OMAMA GRNERAL MARKET. | inal Agreement it Was Illegal. RATES IN VIOLATION OF LAW o tosters. o s | NEW YORK § | 10c higher this morning And the trade was tive at the advance. B0 much so that the reat bulk of the re- ceipts changed hands in very good season. Shiipers were especially good buyera for holce, even loads, welghing 30 pounds or A little better. Quite n few of the hogs of that description sold as muoh as 18 higher. On the other hand, trhere was here and there A salesman who thought that he did not get more than Be advance on some of his less desirable loads. A conslderable proportion of the hogs sold at $5.8006. and on up as high as $7.10 for very good heavy loads. After the more nt orders were filled and several of the buyers haa Aropped out, the trade sjowed up, becoming rather dull and wi on the sxtreme close Today's advance carries the market not only to the highest point touched so far this year, but the top today wAs the high- est price paid for a full load of hogs since . the high year, when $8.06 was the top. Av. Av. 85 Pr 230 i OMABA LIVE STOCK MARKET Beef Steers Steady to Lower, with Cow Stuff Stronger. HOGS HIGHEST IN SEVEN YEARS Lambs Moderate Re et Trade Very Duil o ey Downward, Ko pecially on Lambs, iy SOUTH OMAHA, April 6 o&ml were: ., Hogs. Eheep. lclnru-n&i . 4433 10,08 o days thia wesk s this Same da Bame day two wks . B.UR Bame day three wki m,n.g Same day four wks -‘fi’ Bame days last yéar. The following the receipts of eattle, ana p at South Omaha for the year to di com ru.:lmln) ar 1! 1008 245,264 265,808 749.868 831,615 457,308 396,884 e aud Fancy Produce Prices Fare | ed by Buyers and Wholesalers. } BUTTER~Creamery, 1, delivered to the retail trade in 1-1b. cartons, Sic; in 60-1b. tubs, %0: No. Ze; in 60-1b, tubs, ‘unny dairy, tube, “the Bourse on profit- IS COMING 6.—Prices on the Bourse Possible Announcement of Decislon on Commodities Clamse at Its En anes Rally Nea WARKET Aot »y Interstate Commerce Frequently Violated Compan y— Can Enjein Trust. © Market changes .uryJ elling_stock, candled, 9 ' stock (n Omaha market Winest Wisconsin full cream, | twins, l6c, young Amerioas, 4 In hoop, 16%e; favorite, § in hoop, 16c: duisies, 3 in hoop. | i cream brick, full case. bloc Bwies, 1 {ull oream limburger, 18 —Allve, aprings, 1ic; hens, cocks, 6c; ducks, llc; , 100 keys, 18c; gl.o r dof n heag lic; springe. ; _ducks, goene, 1lc; h, frosen, 10¢; Stan 0 8 L BESE— NEW YORK, April 6~The demand for stocks (oday encountered an amount of offerings that overbore the balance and carried the price movement kwards The extent of the recent advance evidently in iteelf a main Incentive to much of was speculative profit- &e pa The professional bears were ready to take advantage of the wavering appearance of the market and to help on the decline with short selling and | with offering down of prices The addition from day to day of new stocks to the list which have risen above the prices touched in the advance in the latter part of last year brings the mar- ket to a stage which is recognized as crit- ical, as between the alternatives of reac- tion or further advance. The arrival of A movement at the extreme of a former | stage after a long contrary movement finde a walting account that has been held through the interval for a chance to liquidate without ioss. All previous pur- chases thus come in for a profit on any further advance. with an incentive, in con- sequence. to sell. New forces of improve- ment must be relied upon to carry the advance through such a sta The aver age price of the most active stocks on Monday reached about the level touched on the sustained advance which set In last vear after the presidential election. Some of the most conspicuous stocks have risen well above that and some are far short | of it. but the averages are usually com- puted as nearly the same. The consider able body of professional traders In stocks which relles on charts of price movements hesitates to extend commitments in face of this condition untll the market has given clear indication of its new Impulse New impelling factors are not many or im portant today. but the growing hesitation about carrying the speculation forward left the market without sufficient sustain ing power to hold prices. Forcigners were disposed to take profits as well as home speculators. The fact thal the present week In the stock market will end on Thursday added to the disinclination to extend speculative commitments. Tomorrow's government crop report s awalted with keen Interest and Is expected to have an influence on the speculation if any decisive Information is glven of the pring condition of the winter wheat crop. With wheat and cotton both at top prices for the season and with rumors not lack- ing of crop damage to account for this the stock market is compelled to take some the subject. The conference on between the anthracite operators and miners' representatives is expected to have some decisive effect on the immedi- ate future of trade activity in that field Bevond the coming three days' holiday looms up a possible supreme court decision on Monday in the commodities test clause The stock market has demonstrated its sen sitiveness to this topic too often for it to be ignored. The opening arguments in the government's suit against the Stand- ard O)l company at St. Louls contained some materlal for appralsing any change In governmental policy in these prosecu- tions of corporations which might have re- sulted from the change in administration. Nothing was offered, however. to for shadow any great leniency, *h_as has | been assumed in the discussfon of pros- | pects from financial standpoint. The mat. | Omaba Doatd ot Tracs = fer was commented upon In connection | ol 'bithing G with the dey's stock mar Bome very | Qouth Omaha untavorable views of the steel trade po- | swin and sition were heard and the heavy tone of | Sheridan Cos) bs Tnited States Steel was of syinpathetic ef. | Sioux City m.,;):h\ fect on the whole markel. The reallzing | Tri-Suie Land co. b movement was under control and was facil- l"; v"‘ Coaeiranien 0b. itated by the sustaining effect of strength in peclal stocks, without, an np;‘rllll‘ ex Bo lanation in the news. The covering ¢ " ! X :‘h.aru effected a considerable rally at the ssfiff‘i?fi‘f‘fiflflesiomfi’\'zafi"Se.!"fi."fli mlgor?;- nv‘v!erg‘i{-rum... Total sales, par | Atchison ad). s 02 Aluall value, $5,322,000. United States bonds were | d0 48 oo unchanged on cail ‘85 ot ¢ Number of and Bason & Albany. on stocks were as foilo B 8T. LOUIS, Mo, April 6.—Gov Attoraey Kellogg this morning, before re suming his drgument In the government's case to diseolve the Standard Oil company of New Jersey, stated with great positive ness that he would complete his preliminary Address by noon, and that his associaic C. B. Morrison of Chicago, would there- fore complete the government's opening today. He only asked five hours, he added, to close his side of the case. He thought therefore, that the {ntervening three days before Baturday would be sufficient for the defense, and the argumenis could be con cluded by Saturday evening. Lawyers Mil- | burn, Rosenthal, Johnson and Watssn merely smiled when asked it their ai ments could be completed In that time. “1 guess we will make arrangements to be here a few days next week, ' said Lawyer John J. Milburn, when asked about the case closing Saturday At 10 o'clock Frank B. Kellogg, the fed- eral attorney, resumed his discussion of the law points, applicable, according to his | contention, to a proper interpretation of the Sherman act. The crug of his argu- ment was that the original {wenty compa- nies involved in the trust agreement of 1879 and 1852 were at that time competitive |and illegal under the then existing common |1aw, the trust was, therefore, void. The {#ame conspiracy to monopolise and restrain 4 | commerce had existed continuously unti! stened 1othY .‘:’CL:".,.T:&%:&P.&“.'HM present day, bringing the dsfendants decline of 4 peints owing to dlsappointing | well within the purview of the existing cables and eased off to & net 1088 of 4 10 | gKarman law, he insisted. ® points, under spot housé selling of the near months. realizing and local selling, | Tllegal Rates Used. encouraged by bearish private cables, and | Discussing the government's allegations g?n;p (;?:“a&'-::rg:‘ -‘;r:‘mhpal;.::{o: raliway discriminations made in favor Were Dbuyers here, offerings werg so well | Of the defendant, and its continued use of absorbed as to start covering and the |rates not filed with the Interstats Com- market ruled very firm during the middle i merce commission, Mr. Kellogg sald: “The testimony plainly shows that many of the unfiled and unpublished rates used of the morning, with active months about 2 to 5 points net higher, making few high by the Standard Oil in the transportation of petroleum were in clear violation of the Bherman act, as well as discriminatory records for July and the new o NEW YORK, April —~COTTON—Fu- tures opened steady; Ma. against its competitors. The attorne: 50 charged that the defendants had used intra-state rates, neither filed nor pub- July, 9.80c; August, 9.67c; September, 9.5ic; October, 9.600; December, 9.88c; January, 9,86¢. | lished, as interstate raes, in plain violation |of the old interstate commerce act. In “Cotten futures cloeed barely steady; Aol | supporting this position, the government's 8.7c; Ma, 9.7ie; Jaty, $7ie August, 9.670 9.58c; October 9.50c; November, 8.67c; December, 9.57c; Jan- uary, $6%; March, $.6%. GALVESTON, Tex.. April 6—COTTON- Higher at §%c. | @ttorney quoted at length from the Inter- tate commerce act, and the laler Hepburn Credit | oy, :| Centinuing, Mr. Kellogg touched upon the alleged abuse of rates betwesn Whiting and ml‘;:vfl\'EnN:tH“g- April §.—OIL~-Turpen- | Bvansville, Ind., via Illinols, stating the ROSIN—Tirm; quotations: B, $8.27%4; D, |shipments were clearly interstate, and the Py B ol 6 e tariffs &hould have been filed. TR A TR “The Standard Pipe lines have refused to ; R b RS R {comply with the laws of congrese Averpeo! Graim Market. | Quiring them to act as common e LIVERPOOL, April 8- WHEA |and file taritts with the Interstate firm; No. 3 red weslern winter, 8a bd. merce commission,” was another decla tien of the attornéy In a discursion of that phase of the case, As & final proposition of law, Mr. Kel- jlosg stated that “it the court finds thic combination to be in restraint of irade and a monopoly, it has ot only the power to enjoin the defendants, but possesses as well the plenary power (o enforce the terms and provisions of the Sherman law." A score or moré of decisions were ¢lted | supporting this conténtion. | ue; | [ i choice to 5 » [ 7 5 H—White » $4e; salmon, i0c; pike, S¢ » trout, 10c; catfish, 10@12e; snapper, ifc; black bass, '#c; ord) 9c; perch, fc; codfish, 13c; smelts, ibe; “lobsters,” green, §7c; bolled, 40c; frogs legs, 4e. l;fihNAT..Cl’;rcs—m)l‘n. Ne. 1 1gc; No. 2 e, No. ne: 0. 3 0. 18%c; No. 8, 10%c. Chuck: No. 1, Tige; N 3, 70; No. 3, 84c. Mound; No. 1, 8¢ 84c;’ No. 8 8c. Plate: Ne. 1, €c; No. #4c; No. 3, Bie. FRESH FRUITS—Apples, western box &-bunch lots, apples, $2.0092.30. Banan 3%0 per Ib. Oranges, $.85g9.3. Lemons, %.i 20; Grape fruit, $0 Grapes Meleg: 80 por keg. Fiorida pinespples, per crate, $3.00. VEGETABLES—Kansas sweet potatoes $2.78 per bbl Califernia celery, large, %c smaller, 60c. New York Holland seed cab: bage. do per 1. - Wisconsin Red Globe onfons, 3¢ per 1b. Californin caulitlower, #3 per crate. Tomatots, Florida, 6-baskct crate, §8; Cuba, 6-basket crate, $3. Lettucs, per dos, 40e. Old vegetabies—paranips, turnips, carrots—$%3 per bbl. Florida beet: Tots, persnips, turnips, ete., , Toe. BTRA do! 5 WBERRIDS--$3.0093.25. HIDES-No. 1 green, 8¢; No. 1 cured, % Market. steady; raliroads, e e 8 10114 Interborough Mel. 4igs T8 1011 inter Merc. Mar. 4Ws. T 01% Japan 4. " 101% do 4 " g 1204 K W 8 La aea1) 6% 100 L un. 4 1014 WHEAT—Receipts, 14,400 bu ket strong; No. 2 red, $1. vator, and $1.31%, f. o. b. afleat; No. 1 northern Duluth, $1.20%, nominal, f. o. b. afloat; No 2 hard winter, $1.26%, nominal, f. 0. b. afloat. There was a strong wheat market today and new high records In re- sponse to higher cables, foreign buying of May, a strong cash situation and the bull- Ohlo state report. Last prices were up 2@8c per bushel. May closed at $1.29%, July at $1.17% and September at $1.10%. CORN—Receipts, 4,600 bu.; export bu. “Epot market firm; No. %, Tic, elevator. and Te, f. 0. b. afloat; No. 2 white, no inal, and No. 2 yellow, 76c, f. 0. b. afl The' option market was without tran tlons, closing net unchanged. May closed at 7%e, July at T4%c and September at e, ’ OATS—Recelpts, 27,4 bu.: exports, 1500 bu, Spot market steady; mixed oats, % to 32 1bs., 67@s8c; natural white, 36 to 33 lbe, 58@60c; clipped white, 32 to 40 1bs., GS@eSc. HAY—Quiet; No. 38, 60@6sc; sood choice, HOPS. dy; state common to choice 108, 10@16c; 1907, 3@6c; Pacific coast, 19, @lic; 1007, 3 HIDES—Quiet; Bogota, 18%@18c; Central America, 18%c. LEATHER—Steady; acid, 28%4@%c. PROVISIONS—Beef, quiet; family, $.0 15.50; meas, $1 1.00; besf hams, $3.00 26.00; packet, $1 4.60; oty extra India mess, $22.60§23.00. Cut meats, dull; pickied bellies, $10,00; pickied hams, $10.50. Lard, quiet; western, $10.30@10.40; refined, quiet: continent, $10.85; Bouth America, $11.80; compound, $5.0066.25. Pork, steady: family, | $18.0@19.50; short clears, $19.00921.00; mpss, $15.604719.00. TALLOW-—8teady; city (5200 per pks. free), 5i4@6c ; country (pkg! A s%Rlcrs»smay; domestic,, 2@8%c; Japan, nominal. BUTTER-— imitation creamery, firsts, 2c. EGGS—Firm; western, storage 21%e; southern, firsts, 30%c; wecon CHEESE—Firm; state, full er cials, 16@17c; state, full cream, fancy, 16%c: state, full cream, good to fine, 16%c; winter made, best, 14%e; wirter made, good to prime, 134@l4le; winter made, good to prime, 134@14kc; winter made. common to fair, 12@1%; skims, full to speclal, 2@ 12%4¢ BOULTRY — Alive, _nominal; _ western chickens, broilers, 2%@83c: fowls, 16%@16%c. | Dressed, quiet, western chickens, 124c: | towls, 15@btec. WEATHER coupon Allis-Chal. Am. Agriculturi Am. T & T o Am. Tobacce 4s do & Atchison gen. 4. do 8. L ist 4 do cv. 41 o ev [ A €L 1t 4 Bal. & Onio 4 do 3i4s o Fi. W. Ban Brook, Transit ev ndn So. st 6 niral of G be Central Leather °C. of N. J. & hes. & ORlo 414 cago & A. $r LB &Q it & M. & 8.P. g iy R. 1. & P. ool 48 do col. b8 do g 48 *cCC. & S Colo. Industrial B¢ o. Midland 4s & 80.r. & e din. 9% do ist & ret ds SDela. & Hud. cv.4a.. 004U, 8. Rubber 6 40 18t ret. 024U 8. Steel 24 be D. &R G4, %V Distillers & Erle 517 1% 514l ¢ 6266 105 Missouri Pacific 4s 2| em 5 " GWN. Y. Central g 3Ws. 9% 1074 _do Aeb. 4. 1 Cliy 4i4s (new). 111% HAH. ov. 613 & W, st con. de 9 do ev. 4 Cortharn Paeific A ¢ do 1068 Oregon 8. L. ridg 4 10 Penn. ov. Sig (1915) 965 %40 con. n. 128 “Reading gen. i 106 S0 L. & & F fg 4 T8 LB W. con. 4 9810 Iat gold 4s 4Seaboard Alr Line 4 80, Pacitic col. 4n 0% do R R, Int ref. 41 92980, Raiiway 5. T e 4 874 do gen. d. ton Pacitic 48 % do v annoa 22322322228 2222828338 - 23 g 33 Py 3283 2 BEesunm w 8 a1 3 2m B 175 o s e 125 a1 E b w7 1 228 0 e8s - "o SHEBP—Receipta of sheep this morning | were not very large, showing a heavy fall- Ing off as compared with Tuesday of last wiek. 1t was )ormnm» that this was so, for the reason that the demand was not | very brisk and it did not take very many double decks to supply the requiremeénts of packers. The quality of the receipts | was “inforfor agaln today, thére being a &00d many loads thai were far from d sirable as viewed from a packer's stand- point The snap and strength of the market, which was o noticeable last waek. appears 1o have been lost. The break in fhe east- | etn mutton market and the large number | of Colorados being held at feeding stations close to Chicago, have given packers hear- 18h ideas. They scem to have coma to the conclusion that they pald more last week for sheep and lambs, especially Jambs, than was neceasary. WIth the reeling general among buyers that prices are likely o g0 & Mttle lower, It Is not surprising that they are buylng very sparingly. The above will give some idea of the| feeling that was prevailing In toe sheep | | barn this morning and 1t will ba easier to | understand the condition of the market Buyers started out without any apparent hurry to orders and the trade was - | very much of a drag all the morning, with the tendency on prices easier. Some stuft | that buyers just happened to want sola | to pretty good advantage, but on the other { hand, some stuff was hard to move. Good | Mexican lambs sold up to §7.85, while the : | best old wethers iiere {ouched $a18, and i\ | tos right good ewes to rin 5.85. Other buyers. 3 981 Quotations on sheep and \atate) . Good to Tatal. fre 4595 | gholce lambe, $75567.30: fair to good lambs, CA‘H’L’-—Thm word'dli cars'ot catyle | HOTE: Eood. lo cholce lght yearlings. reported in the yards this morning, as ffl'@ #0; 5 d to choice wether: against 1 terday and 28 on Tuesday $ Bvod we 7 of lmasn.”'n L AS Swinthpared. Hon. 0 00l Xt ever, last Tuesday's receipts were r t .00 o rm:fim Sves. 875G610; ?h to good ewes, $.5@6.i5; culla and bucks, $2.000M.00 unusually l1arge, e0 that teday's run might | Representative sales: b be oo 4 a8 & falr average. No. mdrket on beef steers was slow and | 33 spring lambs throughout and It was later than usual before a clearance was effected, It wak very -w‘:n:nthll packers were not HBES Lo az 2 - L firt “Bunday. § ‘The official number of 0 brought in today by each rv;:;'l:: __— Cll(lei Hogs. Sheep. H'r's 1 . F per ERz3eess333533388s to 08 0 a5 13 53223333832 i e i 6 4% 13 do let & ext ‘Western Md. 4 West. Electric cv. b, 3% B 84 Wisconsin Central 4s. 9% s 404D, & R. G rigs. ME 46..100%C. & O. fdg. etf. ba. 1% . L & - lilinots Centi C G Bt mnll 53 0B k- i y's receiptp purchasing A of the number of ul ‘F;‘t’ 3 P m '%:I:dl‘»lo#i Sheep. Bwift & Co. et ; o Cudahy Phoeking Co, Armour & Co.. Vansant & Co..... § Benton ... 1. Lobman & Rothschild.. W. 1 Stephen...;. Hill & Bon E. P. Lewis, Huston & Co It ret Local Securities. Quotations furnished by Samuel Burne, Jr., 614 New York Life Bldg., Omaha: B Asked 1 - g & : 1064 Avery company Beatrice Creamery, Beatr Creamery, ptd 6% . Columbus H P. 5 1034 City of Omaha bonda 4%4s 1929 Douglas county 4 198..... .. Gate City Malt company §%. Ind. Tel. bs 1083 ( pfd bonus) Kan: City Ry. & Light bs 1913 Kansas City Ry. & Light ptd. 5% Nebraska Tei. Stock, #% ex-div. Gas bs 1917, . E L &P E L &P & C B St 8t Ry. B 8t &C B st & C. B Ry & Water Company Water Co. 146, Water Co. 24 pld “ig Hoard of Trade Blds. Co. pf1 4% Doard of Trade Bldg. O0. gom...- 6o 1917 4% % 8 iy 108% 024 com adier; western | 3 “3%..§!§§ 2.588 " 5 " ] gEny » Rosin, o CITY, Pa, Aprl 6—OIL runs, 201,30 182,779 ' bbl Ol Bvansville . Shevats-Bolen ... Hammond-Standish . Cudahy from Denver IN THE GRAIN BELT Y 00 i {Rain or Smow and Falr and Cool is the Prediction. OMAHA, April 6, 1%, disturbance of considerable energy, its_center over the lower Missouri valley developed over the central valley d southwest within the last twenty-four hours. Precipitations has | been general from the mountains east over | the central valleys to the lakes since the preceding report, and rains and snows con- tinue In the Missourl valley this marning with general rains in the Mississippi valley and lake region. Temperatures are falling in the central valleye this morning, and the weather is much colder in the moun- talns and throughout the southwest, and conditions are favorable for continued un- settled weather in. this vicinity toddy and tonight with rain or snow flurries and colder, followed Wednesday by probably fair, and continued cool. 4 Record of temperature and the last three vears 1008. 1807. 1906, I 110 101 108, 100 1 20 [ »” A pot, with Fu- s§d; 76 (eoms bon, Omaha % Ka ) s i rr. £3 oalition. NEW YORK, April 6-8UGAR-Raw, quiet; fair refining, S.48%c; centrifugal, 9 test. 3.98%4¢; molasess sugar, 3.23l5c fined, steady; orushed, 5.65c; powdered, 5.05c; granulated, 4.86c. Milwaukae Graln Market. MILWAUKEB, April f.—WHEAT—High- | Poo 8 M s ] stdent Taft Quoted. T MR o, 0. I n0Fthe ] i the firkt €ime 10 ThE BOuFe Cr T ern, $1.19@1.20; July, $1.10 bid. OAT3—sc. {country a president of the United States quoted as & prevailing legal authority | yesterday during the close of Mr. Kel- |logg's argument. Mr. Kellogg read ar length from a decision rendered by ithe president in the Addysion Pipe case, when & judge in Cinefnnacl, The Issue in the case involved being an alleged restraint of trade, The defense (6ddy gave the govebnmen: lawyers a copy of its brief on the faets of the case, but reserved the brief on the law points until the close of the arguments The brief on the facts comprises 800 printed pages in three volumes. Volume one deals with the origin and growth of the | 8tandard Ol and its properties and dis- cusses at length the facts Surrounding the two trust argeements of ' and '83, contending the common ownership of tae twenty original companies were not af- fected by the dissolution of the *trust in Ohlo. The defendants “early contracts,” pipe line system, alleged agreements in restraint of trade, and ‘profits and prie are taken up and argued In turn. Much space is also devoted to the alleged unfair com- petitlon as charged, and also to the subject of lubrication. The defense aske also that the charges against the Galena Signal Ofl company the subsidiary Tubricatmg corporation be dismissed for lack of préof. An analysis of “profits and prices,” “‘unfalr competi- tion” and ‘rallway lubrication in detal’” is the subject matter of the third volum Threat to Commereial I Mr. Kellogg entered into a technical di cussion of monopoly In general and the Btandard in particular, as defined by the Sherman act and attendant decisions, 25 western lambs 0 western ewar 1% western wethers very high priced and heavy | 5 wastern lambs, they were decidedly |go) weatern ewos it came to anything of that | 1y wasiern cwaes description. ~The result was that better |1z ueaterns awes grades of jeattie were slow and as a rule | "wastern ewe 1l 1oo lower, [Some of the light and handy | s weatern ewes welght cattle may possibly have been close | sy wostern cwes . s to steady. 1 western shorn iamb. Cows and helfers were in very good de- | 153 weatern lambe mand, the market on that kind belng strong | 18 Mexican lambs 16 10c higher than yesterday. Some pretty | 17 wentern ewes 6004 stuff sold up to $6.60. Thére was quite a sprinkling of stockers and rocun': the yerax z:': the demand wa pretiy everything chan hands in good season in the morn- 26 Moxican lambs . 23 western lambs 612 Mexican lambs CHICAGO LIVE ing. tetions itre: G00d to cholce corn- 8; falr to good cornfed common to falr cornfed 00d to cholce cowa and 50; falr to good cows and | leading aquotations wa: Saies. High. LT S L3 W% (RTINS 109 40 B0 3% 200 18 1900 56 Wi 00 3% 2,300 200 by 2,400 0 100 0 8,500 1239 " e . 143% Copper Range 1403 Daly 1S Prankin 164 Granby . 81% Greens 813 Isle Royale © 96% Mass. Mining 8% Michigen . 1182 " Mohawk Coal & Coke Aipped. . . . ton & M ton Eie ehburg p.... [ Low. Close wig Ama 4. Copoar 4 Ameriean Car & Found: Am. Car & Foundry pfd American Cotton OIl. Am. Hide & Leather ptd ‘American Tee Securities American Linseed Amarfcan Locomotive Am. Locomotive p(d Am. Smeiting & Ref'ng Am. Smeit. & Ret'ng. pfd American Sugar Refining American Tobaceo pid American Woolen Anaconda Mining Co Atehison Atchison pfd. Atlantie Coast Line Baltimore & Oblo Baltimore & Ohio pfd Brooklyn Rapid Transit Canadian Pacifi Central Leather Central Leather ptd Central of New Jorsey Chesapeake & Oh Chicago Greal Wi & Northwe Mil. & Bt ., C., C. & $t. Louls Colorado Fuel & Iron Colorado & Southern Colorado & So. st pfd Colorads & So. 24 pid Consolidated G Corn_Products. Delaware & Hudson Denver & Rio Grande Deaver & Rio Grande ptd Distillers' Securities Erle Erie ist pfd Erie 2 ptd General Electric Great Nortbern pfd Great Northern Ore. Lilinois Central - Sro e oo m o BLRIRDIBBIISRITSH recipitation compared with the corresponding day 'of Minimum temperature Precipitation ormal temperature grées Deficlency in precipitation aince March 1, 1.01 inches. Deficiency corresponding period in 1906, corresponding period in 1907, 1.14 Inches. Deficiency T.. A. WHLSH Local Forecaster. DULUTH, Minn, .AI)I 6. Mey, $1.20K: July, SLWA: No. $1.2: No. 2 northern, $1.20. OATE—3%. Two Men Killed by Street Car —‘wmzh : for aorthern, | Domin. Iron & Steel. 3% tor Edison Blec, llum. .35 Mase. Gas. ety United Fruit 135 Trinity United Bhoe Mach 344 United Copper o prd @ U, £ Mining v, 8. 8 504 U. 8, Oll. 4o ptd 113% Utah Adventure 8 Victoria Allouer 3% Winooa . Amalgamated 764 Wolverine . | Arlzona Commercial... 434 Norih Butie STOCK MARKET Cattle and Sheep o Ten CHICAGO, 2000 head; L00; cows, bulls, $3.75@S. and fceders, $3. HOGS—Reecpts, 10c tigher: cholce lisavy hers, $7.1007.15 light, 37 $5.50496.50 2P AND LAMBS-—Receipts. market steady: sheep. %.90f $.0006.25; yearlings, $6.0007.50. Kansns City Live Stock Market. KANSAS CITY, April 6—-CATTLE-Re- ceipts, 9,400 heud No southerns. Market | steady and active; cholce export and | dressed beef steers, $6.90G8.65; falr to good, $6.0036.00; western ‘steers, $4.80@8.35; stock- | ers and feeders, $1.00@5.75; southern steers, #.90@8.00; southern cows,’ $3.%6@4.50: native | cows, $260@6.40; native heifers, $5.756.10; bulls, $3.26@6.2%5; calves. $4.00G7.50 HOGS—Receipts, 14000 head: market higher; top. $§7.05; bulk of sales. 347 7.00; heavy, $6.9G7.06; packers and butch- | ers, $6.55@7.00; light, $8.60@6.85; pigs, $.% @%.00. SHBEEP AND LAMBS—Receipts | Kansas City Southers head: markel strong to 10c higher: Kanses City So. pid vearlings, $6.25@T. wethers, | Loutsvills & Nashvilie 96.0065.00; o $5.7568.5 $.26G6.00, stockers and | Minnespolls & 81, Loof Missourt Pacitic Misourl, Kansas & Texas eady—Ho, Cents Wigher. April 6. CATTLE~Reca!pts, market _steady; steers, $6.005 | heifers, $2.95@6.00; . R.50G750; stockers Five | f 1.62 inches. Corn and for hours time, wheat reglon bulletin Omaha, Neb. for the twenty-four Ging &t 8 a. m. Tith meridian ‘Tuesday, April 6, 1909 OMAHA DISTRICT. —Temp.— Rain- Max. Min. fall L@ 30 1y 62 34 15 % T 58 0 8 ® 1 Bl 0 0 05 - " .m 1% 42 London Stook Mark LONDON, April 8.—American _securitles opened quiet and steady today. During the first hour were from l4 to % below yester- day's New York closing. Lendon closing stock quotations: Consols, money 5% Mo., Kan. & Texas o account ....35 518 New York Central Anaconda 9% Norfolk & Western Atchiso 1OR 40 pta do Bt 1064 Ontarle & Western | Baitimore ‘& 'Ohio. .. 1154 Pennayivanta .. | Canadian Pacitic .10% Rand Mines 3% | Chesapsaks & Ohlo.. 7% Reading Vet & 1" Great Western | 8K Southern Railway . | Chi., Ml & St P..1bK da pra De 'Bears ... ...l 13} Bouthe: denver & Bio G. ... 604 Union 40 bra Wi o pra Erie i U. 5. Steel o wa 3 Wabash pra 008 sinckers and ; col to falr stock- o W sombon stock 00 BEZF STEERS. Pr. Ne. Six Others Are Injured When Pitts- burg Car Plunges Down Inoline. s11ippl; light mixed, 10@7.15; packing, bulk of sale. Stations. Ashland, Neb, Auburn, Neb Broken Bow, Neb, Columbus, Neb Culbertson, Neb. Falrmont, Neb... Gr. Island, Neb. Hartington, Neb. Hastings, Neb... Holcrege, Neb. Cakdale, Neb 8ky. Cloudy Cloudy Cloudy Cloundy Clondy Cloudy Snowing Snowing Cloudy Snowing Bnowing Cloudy Cloudy Cloudy Cloudy Cloudy =7 4% :n'r:x‘i‘nl PITTSBURG, Pa., April 6—Two boys were killed and aix other persons injured, several seriously, early today, when a car on the 8t. Clalr incline, running trom Jose- phine street, South Side, to Mount Over- brook went over the center of the incline and plunged to the bottom. The dead: ARTHUR MILLER, 16 years old, glass worker; head crushed, internally injured. ALBERT KLENBERGER, 16 yedrs old, wlass worker, head crushed. The six injured were all glass workers employed at the D. O. Cunningham Glass company, South Side. Griff Davis wsus tained a crushed arm and amputation was necessary. The elght young men employed at night | had finished their duties and were going to their homes in Mount Oliver. The in- cline car was boarded and apparently there 23| Was nothing wrong until the car reached T | the center of the steep hill. Without & mo- T | ment's warning the cable broke and, with 800 o i i3 i i 5 w » " I3 g © “ “ “ [ kg " EEiacagraedx sszressrees Pacitic eifie 32 M a2 32 a7 et do iwt ptd do 24 prd Grand Trunk 10 Centrai Loul Nash Copper tILVER—Bar, steady at @%d per ounce. | MONEY—1@1!§ per cent The rate of discount In the open market for short and three months’ bilis is |' 9-16@ 1% per cent. Bank Clearings. OMAHA, April 6—-Bank clearings for today' were $2.478.808.17 and for the corres- ponding date last year 31,600,787.9 Wool Marke: BOSTON, Mass., April 6.—WOOL~—Busi- wool market continues sfers and thos: PYTSTTY s 1 Y | | Clarinda. Sibley, 31 .15 Snowing *Sioux City, la 2 &8 Snowng * Minimum temperature for twelve-hour period ending at 8 & m. DISTRICT AVERAGES. No.of —Temp.- Stations. Max. . 26 " 17 7 13 2 12 :x ] b3 19 ™ Bl ) 7 ia 3 9 Re3aloTassnelinnnliaa - Rain in. Inches. “ R’ 1 16| 5 Central. Chicago Columbu | Des Mol . | Tndlanapolls, Ind Kansas City, Mo Loulsville, Ky Minneapolis, Minn. Omaha, Neb. 1% 14 » n o St. Loamis Live Stock Market. | ST. LOUIS. April & T Receipts. 4,50 head, including Texans, Native ket 10c to lbc lower; Texans steady to mtive shipping and export 8; dressed beef and butcher 8 ; SRR = National L York New York Norfolk & Western North Amer Northern Pacific dulirebmana censssesssnn SEeiziisizigad GessEuEse ERREERS 82023 B | qul ; SISREBINE 3 ZE3adeas 3 (= IS 3 arrssssanwn Beasssan & §88EE PR s TEWSTTSSETISLBAR 5 w0 i1 ERS. 0 i 2ERSBER2x BEPED B FTIEEssSRERgSESE i A.N'.D FEED! BenBe oo romsonannmn 3 5 'z 1 cow utton—Wyo & cows steers, $4.00 $3.506.75; stockers and feeders, cows and heifers, $3.5096.10; canners, $2.00 @2.50; bulls, $3.75G6.%; calves. 35.0087.7 Texan and Indian steers, $4.0068.35. cows and heifers, $2.7645.2%6. HOGS—Recelpts, 97100 head; nigher: pigs and lights. butchers 00; steers under 1,000 pounds, | p, 3.75036.%: | P P P P market be | R $4.50@7.00; pack- and best heavy, LAMBS--Receipts, 1,200 | mufton, $4.60G6.60; lambs, | culls and bucks, $3.60@6.50; | 4.0066.00. Joseph L R | R SHEEP AND head native $6.00G8.10. stockers, " Stock Market. ST. JOSEPH, April &—CATTLE~Re- ceipta, 250 head; market for steers siow at 34.8096.80; cows and heifers. weak to 10c | lower at £2.0¢/5.60; calves, $3.5087.50. HOGS—Recelpts, 4500 head; market nigher: top, §7.06; bulk of sales, $6.706%.%. HEEP AND LAMB | nead; market stea Ll SI0UX CITY » am.)—CATTLE—Reo ket weak. beeves helfers, $3.6006.50; feeders, $4.00@8.25; year- | lings, $3 50, Hoas. S@ite higher: arket prices, $.6@T.0; bulk of Stock In Sight. Recelpts of Iive siock at the pal western markets yesterday Cattle Hogs. Sheep. .00 5.000 T T i 3 1.3%0 head; mar ; fat_cows and el | range of 36.7096.85. A six princt Lth Omaha A B 50 - 3 2500 8. Louls | Chicago 870 9 o 10,00 2 it Totals Chie CHICAGO, eaimeries. GOS8t %0 Produce M April & -BUTTER-Sieady; | ‘g 2 . daivies 2@ %c ds: At mavk, o prime firsts. 3¢, CESE~Stong: dwleie ng Americas, 17 TATOE ol tacluded, | ®! o longliorn olte to fancy, $.00 17¢; chickens, | {a } were eas h b Peansylvania ! 8. Rubber 1 | ment reserve. s eople’s Gas. itiaburg, ( rassed Steel Ca uliman Palace Car ailway Steel Spring coas L Reading epubitc epublic uthwestern uthwestern prd Sieel & Iron Pacttic Pacttic pd ennesses Coppe" Texas & Pacific ‘oledo, 8. Louls & Wes oledo, Bt. L. & West. pfd nion Paeific nion Pacific pi ited States Rubber ptd e Biectri Union Wheeling & Lake Brie Wisconsin Centr merican Tel. & Te Toul sales for the day. 86 New York Min NEW YORK. April & alning stocks lice i om. Tunnel stock 4o bonds on. Ca). & jorn Siiver S0 Siiver “Ortered Closing net n S Onta Standard Yellow Treasury Statement. WASHIN N, April &-—Teda of the trcasury balance in ral fund shows: Avaflable cash geld eoin and_ bullion certificates, $46 68 069, 84,400 gold Finaneinl LONDON. April 6.—Money was emand on the marke: today and Trading on the Stock ad a healthy and huoya usiness was quieter, owing part undertone, only “of small lots. Operations in foreign wool have fallen off and the market is erly awaiung the new domestic clip. | s from the west show that the bid- | ding for wool on th g | tinues, as high as 2c D lots. The shearin Nevada has begun and with favorable weather the work will_soon commence in | other western states. Scoured wools hold firm and are In demand. The leading do- | mestic quotations range as_follows: Ohio |and Pen: nia fleeces, XX, 34@86c; X, | 32G83c: 1 washed, 38gd@c; No. ? washed, | 38@39c; fine, unwashed. “3@dic; half blood combing, 3ic; three-eighths blood, combing, |dici quatter blood, combing, 23lc; delaine ;| washed, 39@40c. Michigan, Wisconsin and | New York fleeces, fine, unwashed, 2 4 delaine. unwashed, 28@i%c; half blood, un- | washed, 20@30c; three-eighths blood, un washed, 2¢; quarter blood, 28@2c. Ken indiana and Missouri, three 30¢; quarter blood, {8@2éc. ‘exas fine, twelve month: 620 x to elght months, 53@bic; m:‘:‘uu( California, northern, s8@é0o; middle county, 48@30c: fall free. 43G4c: Oregon ! |eastern No. | staple, 62063c; eastern cloth- ing. 5@ y No. 1, 48@é0c. Territory. 63gsbe; fine ‘'medium staple, 0 ; clothing, 68@62¢; fine medium clothing, 56@akc: half blood. §0@edc; three- eighths blood, 564dc: quarter blood J2 63C. Pulled, extra, 62@ehc; five A, b6Sgeic; id %R supers, @dpc: B supers, 43@se k. | quotations ¥'E state the ge exclusive of the $164,000.0M gold balance 542,589 n disce exc auist ange bt Iy to the Cotton Market, NEW YORK. April 6-—-COTTON—8pot closed quiet; middling uplands, 10.10c; mid- diing gulf. 10.35c; sales, 150 bales. ST. LOUIS, April &—COTTON~Higher; middiing, %c; sales, 404 bal recelpts. bales; shipmenis, 1,362 bales; siock, 44,- 733 bales. NEW ORLEANS Spots firm ordinary 8 9y 108y bales April low ordinary ‘s, nominal; i low middling. ' 9 8-16c %00d middling, 10'sc: middiing fair, fadr, 1ll4e, nomis receipts, 3,956 stock, 191,47 bales. 6 —~COTTON- 6 1-16c, nominal; vod Met A NEW YORK, Ap London tin market was higher. with spot quoted at £13 2% (d and futures at £1% 25 64. The local markot was dull but high- in' sympathy with the foreign advance ui $9.2561829.50. Copper 357 108 for spot and | £8. 25, 64 for futures in the London mar- ket Locally the market was quiet and un , changed with Lake quoted at 1287 13w; Market. acks con- | 6 ~METALS-The | Bt. Louts, Mo. 13 " kY Light rain have fallen in the westarn and moderately heavy rains In the eastern por- tion of the corn and wheat reglon since the last report. Cooler weather prevalls throughout the entire reglon L. A. WELSH Local Forecaster. Weather Bureat. wvallable Supp NEW YORK, April 6.—Special cable and telegraphic communications received by Bradstreets show the following changes in avallable supplies, as compared with previous account: Avallable Supply - Wheat, United States, east of Rockies de- creased 782000 bu nda, increased 568,000 bu.; total, United States and decreased 214,000 bu.: afleat for of Grain. and in can and European supply, decreased 3,814,000 bu. Corn, United States and Cenada, de- creased 214,000, bu.; oats, United States and Canada. increased 23,000 bu The leading decreases and inc ported this week follows: D 08,000 bu.: Portland, Me. bu.; Chicago private elevators, 17, 3 Gooderich, 98,000 bu.; 8t. Josaph, 93.000 bu.: Fort Worth, 65,000 bu.; Louisville, 51,000 bu Tucreases—8t. John, 886,000 bu.; Min- neapolis private elevator, 100,000 bu Kansas City Provision Market. KANSAS CITY, April 6.-No grain mar- | ket today. BUTTER—Creamery, 2 onds, 24c; packing stock, 1ic. EGGS-Extras, 184c; current flat, 17%c; seconds and dirties HAY — Cholce timothy, $10.006711.00, cheice prairle, cholce alfalfa, $16.00§16.00. Minneapolis Graln Market. MINNBAPOLIS, April 6.~ WHEAT-May $1.A%@1. 0% July, $1.21; No. 1 hard, $1.28% No. 1 northern, $1.28%; No. 2 northern, $1.20%; No. 3 northern, $1.16%@1.18% FLAX—Closed $1.66% BRAN—In bulk, $2.0 FLOUR-First paten patents, $5.5005.90; first second clears. $3.35@8.56 Philadelphia Produce Marke(. PHILADELPHIA, April 6 -BUTTER- Market, 1@1%c lower: extra w-stern cream. e ni e vania Wie, tirsts, 2¢; sec- recelpts, higher, . 0.00; 0. .9045.00: second clears, $4.8@5.00 and tire at nearby mark Furope, decreased 3,600,000 bu.; total Ameri- | | fearful rapldity, the car plunged backward There was no opportunity to escape. In | tact, before ome could realise what hap- pened the car struck the “bumpers” in the Iittle frame station at the bottom, where it was smashed to debrls. The im- pact cAused the station to collapse and fall upon the splintering car. Heavy timbers fell upon the heads of Miller and Kienber, the two dead, badly mutilating them. It was some time Dbefore the injured could be extricated from the wreck. Excepting that the cable broke no other explanation of the accident is given FLORIDA WILL PROBABLY HAVE BITTER LIQUOR FIGHT TALLAHASSBE. Fla. April 6-With a possible prohibition battle in prospect, the Florida legislature convened here today. Although the prohibition forces have waged & vigorous campaign, their opponents hope to block all “dry” legislation. The organ- {sation of the two houses will furnish the irst clash. Florida's proximity to prohibition states has caused a large lquor trade 1o grow up within the staie and makes the fight of considerable moment ——— Plast L * Overdue. HALIFAX, N. 8. April 6—More than thirty hoars overdue the Plant Line steamer | Tady Sybll, which left Boston Saturday last had not arrlved lieie ui 2 o'cloek this morning. Considerable anxlety is feit PSS —— Snow at G Tsla GRAND ISLAND, Neb. April &.—(Spe- | clal)~The ground was covered with snow to the depth of two inches this morning {and is sull talliog. | | ‘“The large monopolies threaten the com mercial independence of the sountry,” he faid by way of commencement. Judge Hook Interrupted to ask if one person, without & corporation, could pffend under section two of the Sherman law. Mr. Kellogg replied in the affirmative and sald an Individual could "if he can stretch human Imagination far enough to concetve an {ndividual's accemplishing the mone poly.” Anticipating the argument fense, Mr. Kellogg told attorneys would not deny original trust agreement wi the Sherman act as well common law. “The eompany probably will claim,” saié the attormey, “that it is no lomger re- oceiving discriminatory rai that it has ceased to employ secret and. predatory companies in competition, and that it no longer engages In unfair competition. Wiy * Becsuse It had to.” The gevarnment's represeniative next took up the court's power to eénjoin and resrain the defendants. This court Has the puwer' was Kellogg's emphatic declaration, o hibit the commerce of lhese defen between states as long as they contlnu to offend.” Mr. Kellogg oonciuded his opering ar Sument just before noon and former United States District Attorney C. B. Murrison of Chicago took up the thread of the govern. ment's charges, dwelling especivily on the aileged unfair competition ——— We often wonder how any pirson can be persiaded into Laking anything but Feley's Hone: Tar for coughs, chids ung trcuble. Do not be fooled iato accepting “own make' or other substitutes. The genuine conlains no harmful drugs and is in a vellow package. Sold by all druggisia Quick Action for Yoar Money-You Heb | ihat by ustng The Bee adveriising eolummty \ of the de- the court its but that the vold under 4s under the ¥