Omaha Daily Bee Newspaper, July 10, 1910, Page 18

GRAIN AND PRODUCE MARKEX Government Report on Spring Wheat is Extremely Bullish. WHEAT OPENS SOME HIGHER Jorm i Firm the Advance in Kuses Off When sell in Large Quuntities. 3 OMAHA The government fiyu:v S Bprig w ©DUFL DAS Ceriaitly co news which Las been co ary speli started. At 18 generaily colicedew 1 Pruspcts DOW VLB Bu be limited &nd remaruicss of Ca- 1910. 1o Lue e July 9, i e ¢ iy L jed L ung in siuve All that I8 needed’ now to Per crop or corn Lor the w ern states Is 4 §0od sOAKIDE Fa-i. Conul tions are rather bearish, Wi.a vuiues are firm with the advance in wheal. 2As a result of the bullish guvernment re- port issued yesterday afier the close ihe Wheat market opened sharply higher and opening prices were maintained throughout tne day. 'The situation favors the bull side. Corn opened firm on the advance. In wheat, but eased off a shade later on sell ing by longs, who construed the govern- ment report as bearish. Cash prices were strong and Jocal demand keeps active. Primary corn receipts were 35L,W0 bu. and shipments were 28,000 bu., aguinst re- ceipts last year of 24,00 bu. and shipments of 411,000 bu. ¢ Primary corn recelpts were 31,000 bu. and shipments were 266,00 bu., against recelpts Iast year of 212,000 bu. and shipments of 242,00 bu. Clearances were 50,00 bu. of corn, 2,000 bu. of oats and wheat and flour equal to 141,00 bu, Liverpool closed 2%@2%c higher on wheat and %c higher on corn. Local range of uUptions: Articies.| Open. | High.| Low. % » 13 lé\il a3 @'l 5% 8% % an Omaba Cash Prices. WHEAT-No. 2, 98c@$l. No. ¢; No, 4 hard, Sgsic; rejected hi c; No. % spring, 98c$1.02; No. 8 spring, e, No. 4 soring, gUic, N—No. 2 white, 6lc; No. 3 white, 0% 0} fi(o '4 'l'lhm'uxmem«; Ng. z‘ Yc:}ow ;3 No. ellow, ¢; No, yello 0. 3, B1c; No. 3, 86%@éc; No. 4, ; no grade, N JATS—Standard, 3%c; No. 2 white, 8@ g ; No, 4 white, 51@38c; No. 3 yellow, {@38c; No. 4 yellow, 36@3T%e, RLEY—~No. 46@47c; No. 1 feed, 4@ 46c; rejected, RYE—No, 2, 2 OUHICAGO GRAIN AND PROVISIONS Features of the Trading and Closin, Prices on Board of Trade. CHICAGO, July 9—Only bread and seed left In one state, half a crop in another— stch were among the inferences drawn on change here today in tracing the signifi- cance of a government report as to the coming yleld of wheat as affected by drought. " In & whirl of excitement gains of as much as 3%0c a bushel were made on some sales, compared with last night's prices, but the close found the market tively steady at & net advauce of N A A pathetic advance in ‘corn that the resylt of thelr action was almost exactly the reverse, %@%c decline to e rally. Oats, howuver, finished %@ to %c up. Frovisions also were in the end at a|¥.66G4 slightly higher level by 2%t to The. There was decidedly less buying on the of eleventh hour investors than seemed have been expected. Profit taking by and covering by shorts made a gfu‘l‘n ;(. business, " though, that m-u::: en equaled on a short day. t but widespread rain in the northwest, where the drought has been worst, did much to temper the effect of the govern- ment figures. Korecast of cocler weather had a similar influerice. Cash wheat buyers falled to follow the advance, but millers said the flour trade tad been helped. The government report was intérpretca to mean that there were 100,000, 00 lexs bushels of wheat in the Dakotas and Minnesota than a month ago. A crop bulge at Liverpool was largely responsible for the gene buying at the outset. One of the results of toas,’s basis of prices was to stimulate offerings of wheat from the country, notably Illinols and the southwest. No corresponding increase in demand by shippers here was noted. There was one cheerful note. A dispatch from Texas sald threshing there was about completed with the best yield in thirty years. Septem- ber ranged from $1.08% to $1.056 and closed wc up at SLOSHEL.04%. ssure of selling in corn was directed chiefly against December and May options. September fluctuated between #0c and LS closing e lower at 80%@wic. The cash market was easy. No. 2 yellow closed 62%c. After a general rush to cover, oats lapxed back into & local scalping affair. For ber the high and low points of the day were 4o and e, with the close at ¢, which was N@%c above last night's final prices. 0§ products were sharply higher early. All that was made of the advance till ihe end was an average of a nickel. Leading futures ranked as follows: ‘Articles.| Open.| High. | Lo “Wheat | “July 1 1 1 1 a0 | | 29! 21 sy BNE & ) l 11 8§73 11 m.} 11 106 |12 073 11 5214 12007 11 92 MWW | 11907 1170l 11 Ry 1 7T 12l 100 {12 ams lrze 31.974( 11 9% 11 %0 | 1186 T 11 w2k s ns% 1% B | ney 2 45 n i i 1 Firm; winter patents, #6004 hts, $4.3004.50; spring Datgnt $8.70; wpring stralghts, 000 'Im.l’hllld hard held a 4.70; bak: .90G 5. 0. RYE-No. 3 T6e. BARLEY-Feed te_cholce maltin, SBEDS—Flax No: Clover, PROVISIONS—Pork. @B, Lard, or mixing, 63@65c; UST0C. 0. 1 southwestern, 2. $2.15. Timothy, mess, per_bbl., $U.T5 per 100 Ibs. '$11.578. Short | ribs, sides (loose), $12.3Ta1281; short clear sides (boxed), $I8.75614.00. Total clearances of wheat and flour were equal to 141,000 bu. Primary recelpts were | 31,00 by, compared with 24,00 bu. lln" corresponding day a year ugo. Kstimated receipts for Monday: Wheat 7 cars; corn, 192 carsoats, 110 cars; hogs, 26,000 head. Chicago Cash Prices—Wheat 3 red, | OI@LE: No. 3 red. $1.064G106%; No. i hard. $LOGS@LOTN: Ne. 3 hard, §10681.08; No. 1 northern spring, $1.18¢1.%9; No. 2 north- e upzing, $1.12@116; No. 3.spring, §1.060 112 Corn: No. 2 cash, & 0. § cash, ; No. 3_whi white, S¥w@e: No. 2 yellow, &%c yellow, i @sidc. Oa """ c; No. § whit A?fl\--LA 0. 4 white, ; standard, > — Steady; isies, WWGISNC; | @l6c; ll'lbh;- oung Americas, eady: choice to fancy, Tou: faly 10 Kood, Se6e. bt POULTRY — Firm; _turkey fow. 1Wc; springs, 18g2c VAL Steay. 0 to b, wia. ®_to S-1b, wis, $0%c; ® to UL, wis. ! [C T falr Te; live Minneapolis Grain Market. INEAPOLAS, J WHEAT--July R 0. 119113 December; 0% No. 1 | ture, of un Ashland, Neb. Auburn, Broken Bow, Columbus, Culbertsor, G Hartin Hasting Holdrege, Neb Oakdale, Omiaha, Neb. Tekmah, Sibley, Sicux City, Ia Columbus, O, Louisville, Indlanapolis, Chicago, 111 St. Louis, Mo. Des Molnd Minneapolis, Minn. %0 Kansas Cit 63 {Omaha, Nel ing Green, glon Quotations of the Day northern, $L18G1.20: No. 2 northern, $1.16@ 1.18; No.'3, $1.9861.15, FLAX—Closed at $2.19 JRN—No. 3§ yellow, $5T4@%C OATS-—-Ni white, #4aisc No. 2, 69#70c In_400-1b, sacks, $20.00620.35. FLOUR—First patents, (In wood, f. o. Minneapolls) $6.6065.70; second patents, $5.3 @o.50; tiret ofears, $.564.43; second ¢ 54.1063.40. WEATHER IN TH Probably Fa! Vielnity, OMAHA, July 9, 1910. Showers were quic wewerds within last twenty-four houis in the upper Missis- Sippy and upper seat! region and the northwest, and suowery weather continues this morning In eastern Nebiaskid, western lowa and Mifuesota. Ruinis lso occurred in the stutes since tne preceding report. A trough of low pressure still extends - ucioss ntral Vaileys from the lake region Rio Grande valley.”An urea of nign ssure, accompaniea by lower overlles the northwest, with its crest over Montans, and this high will 10ove down over tne valleys, causing couler weather in this vicinity tonignt. The weatner will continue unsettled in this vicinity during the day, but will probaply be followed by fair tonight and Sunday and continued cool Sunday. Lemperature und precipitation at Omaha, compared with the three preceding years: 1910. 1909, 1908. 1907, Minimum temperatur M0 6% Precipitation T o0 .00 Not tempera r today i6 degrees. Deficlency 4n precipitation since Macch 1, 11.33 inches. Excess corresponding perlod, o) Excess corresponding period in 1908, 4.31 incne: L. A. WELSH, Local Forecaster. Corn and Wheat Region Bu For Omaha, Neb. tin, July 9, 1910: OMAHA DISTRICT. ~—-Temp.-— Rain- Max. Min. fall. Bky. 9% 00 Cloudy Station. Neb Cloudy Cloudy Cloudy Pt. cloudy Cloudy Cloudy ‘airbury, rmont, 1sland, Cloudy Cloudy Cloudy Raining Raining Raining Neb. Neb. Cloudy Raining - Cloudy for twelve-hour Ta 22233229222 SBIR2BLS ELPUEERE IS R ERESB2BES *Minimum temperature period ending at 8 & m. DISTRICT AVERAGE. No. ot -—Temp.— Rain- District. Stations. Max. Min. fall. 1 9 [ 3 Ky € T 91 I 9 2 the. , 1a. Mo.. 24 i Showers occurred in Ky. L. A. WELSH, Local Forecaster, Weather Bureau. NEW YORK GENERAL MARKET Commodities. and generally held higher; spring patents, .70; winter straights, $4.8@4.50; win- $5.40G5. nter straigl .54, By ter patents, $4.56@5. 4.60; winter extras oxtras, No. 2, $3.50@3.65; Kansus stralghts, L .85, Receipts, 17,120 bbl 14,411 bbls. * Rye flour, firm; $4.15@4.40; choice to fancy, $4.35@4.50. CORNMEAL—Firm; low, 31, spring clear: No. 1 northern, Options: 1., to arrive; 2744, £.90. b, canal boat. west, closing at 2%c net advance. Jul SLUK@LI1Z closed at $1.12. September, $1.08% @i.; ‘closed at §L0%. Decomber, $L00K CORN—Spot market steady; NoO. 2, 69ic, f. elevator, domestic to arrive; export Option mar- ket was without transactions, closing un- July closed at 683c, September at 89%c and December at @1.10%; closed at $110%. Recelpts, bu.; shipments, 15,49 bu. e i No. 2, 69, f. o. b, to arrive.. changed to %c net lower. 6730, Recelpts, 1,860 bu.; shipments, 2,39 bu. OATS- Spot market firmer; mixed, 2 to 33 | *hoWn, but the outlook for t Ibs,, nominal; natural white, 26 to 32 lbs., 16%@4T%c; clipped white, 34 to 42 Ibs., $8%@ s shipments, 388 bu. common to cholce, 62 Recelpts, 28,475 bu. HAY—Firm; prime, '$L2%@L2%; No. $1.17%@1.20; No. 2, $1.121@1.1734; No. 3, $1.00. HOPS—-Hasy; state, 1909, 21@230; 1903, nominal; Pacific coast, 199, 16@16c; 196, nominal, HIDES— Bogota, 21@2c. LEATHER—Dull; hemlock firsts, %@2ic; seconds, 2@2ic; rejec PROVISIONS—Pork, 26.00; family, $26.00926.50; ©26.00. Beef, firm; mess, fli%}s‘fig ily, $10.50¢20.00; beef hams, $24.00G meats, steady; piekled bellles, 10 to 19G20¢. quiet; fined, ica, 31 compound, $9.124@9.87%. TALLOW—Steady; prime city, hhds., 6%c; country, 6%@6%c. St. Louls Ge: ST. LOUIS, July higher; July, '$1.02%; cember, hmm.m No. 2 hard, $1.00@1.08. CORN—Futures lower; September, 59%c December, 67%c; cash higher; track, No. 2, a2%@esc; No, 2 white, 684@eTc. OATS—Futures weak; September, 7% December, B%c; cash steady; track, No. 3c; No. 3 white, #e. RYE-—Unchanged at 7ic. FLOUR—Unchanged; red winter patents, ral Market. September, §1.02; $5.20@6.0; extra fancy and stralght, $4.606 .10; hard, winter clears, IED—/Timothy, $3. CORNMEAL—. BRAN—Firm; sacked, east trac HAY—Higher; timothy, $15.60@19." rie, $13.000914.00. HAGGING—s%c. HEMP TWINE. PROVISIONS—Pork, unchanged; jobbing $2400. Lard, higher; prime st n 11.%2%. Dry salt meats, lower: shorts, $13.76; clear ribs, $13.75; short clears, 31400, Bacon, lower: boxed, ‘extra shorts, $15.25; clear 11bs, $16.25; short clears, $16.00. POULTRY—Stéady; chickens, 13¢; sprin 16G160; turkeys, 18%@22c; ducks, So; gee: & o BUTTER—Steady; creamery, M@2T%c. EGGS—-Steady at 16c. $3.40@5.90. 4.50. Receipts. Shipments. Wheat, bu % Corn, bu Oats, bu.... NSAS CITY, July 9—WHEAT-July, i September,” 98%¢; December, ¢ to B0 upi No. 2, $1.014@1.09; No. i .No. 8 .00 cember, bic, bld; 2 mixed, 6l'a@62c 4% @eic; N mixed, 3 RYE-—No. ash %e to lc nighe No. 3. 60géle; No. 2 3, G@bie Y higher; No. 2 white, 40@42¢ nged; choloe timothy, §14.00@ ; cholce prairie, $10.2510.50, BUTTER—Creamery, extras, 2! 24b4c; seconds, 2ec: packing stock, 20%c. EGGS—Firsts, $450; seconds, $3.60; curren receipts, new cases, $3%0; miscellaneou 8. Wheat, Corn bu Oats, bu Recelpts. Shipments. 35,000 .00 bu i MILWA ukee Graln Marke KEE, July $-WHEAT-No. northern, $1.18¢1.20; No. 2 northern, $1.17§ 1.19; Sepiember, $1.04. OATS- BARLEY-Samples, &4, Peoria Market. PEORIA, July 9.—CORN—Higher; No vellow, 8¢; No. 3 yellow, &c; No. 3, e o, 0‘*"“‘ her; standard, i Ne. white, $e. Por.: b, | GRAIN BELT Sunday the Bussourt vaileys ana were ered throughout the Kocky mountain Houln Auanue e to tempera- un .16 1909, 0.59 for the twenty-four hours ending at § a. 'm., 75th meridian time, Saturday, Pt. cloudy Pt. cloudy 00| result’ being a R 0 0 Ky 0 40 0 ) last twenty- four hours in the Dakotas, Minnesota, Ne- braska, western lowa, and Kentacky, and continue in the Omaha and Miuneapolis distriots this morning. They were some- What scattered, but were moderately heavy Jn the districts named, A fall of 110 inches occurred at Hartington, Neb., and at Bowl- The 'weather is slightly ccoler this morning in the upper lake 1e- and extreme upper Mississippi and Missouri valleys. Various N NEW YORK, July 9.~FLOUR—Unsettled No. 1, $3.76G3.0; winter fine white and yel- fl@l.d&: coarse, $1.I@L40; kiln dried, Spot market strong; No. 2 red, X Wheat was strong and higher on the government report, although the market was held in check by profit taking and reports of good showers over a iarge area in the north- asy; Central America, 21%@22c; 1bs., 7.50612.00; pickied hams, $16.00g16.50. Lard, Hiat, midale. west Drime. $1246G12.10; re- teady; continent, $15.8; South Amer- —~WHEAT—Futures s De- $1.04%4; cash firm; track, No. 2 red, i pral- 'S/ | Interborough Met. . Ted, 9C@8LOL; No. 8, ieG CORN-—July, 58%c; September, 57%c; De- No. white, 5 tirsts, 69,000 60,000 6,000 THE OMAHA SUNDAY | Rumor of Reduced Union Pacific| . Dividend is Ridiculed. ST. PAUL STRONG IN WALL STREET | Generally, and it W YORK, July 9.~(Special Telegram.) average market price of thirty stand- ard industrial and railroad stocks Is now 113; one year ago the same stocks averaged 183, Slowly and surely the market is sug- KINg to u level where bear rumord can have no effect. The bottom must soon be touched, . We are certainly approaching a firm standard when flunctuations will be up instead of downward, The stock market during the present week was In a nervous and unsettied state, but commencing yesterday a strouger tone has prevailed. With the improved senti- ment prevalling, Wall street is inclined to pay less attention to reports of lowered dividends. A more rational view is being taken. Thus the rumor that Unlon Pacific may reduce its dividend fs being ridiculed. The gross earnings of Unlon Pacific would have o fall off $25,000,000, or 3 per cent, before the 6 per cent from railroad operations would begin to reduce. From 107 to 1wS Union Pacific gross earnings fell oft $00,- Income from investments would have to drop $10,000,000 before the margin of safety over and above the 4 per cent on Unlon Pacific would be wiped out. The directors of the St. Paul Rallroad company took the most effectual means of disposing of the rumors that St. Paul's dividend was to be cut by declaring the dividend for the half just ending at the usual rate. St. Paul Is In stronger condi- tlon than many of the Wall street inter- ests realize. Shock for the NDears. The promulgators of the bear rumors another shock from Atchison. The declar- ation of the regular quarterly dividend on the common stock of Atchison was what Wwas generally expected. However, as usual, the S‘llvidend was discounted. The com- Pany’s gross earnings in the fiscal year Just ended were $105,000,000, the largest in the company's history. The street, or a' ly rate a great part of it, got a surprise in the advance of the ll!'lu!ll dividend rate of Virginfa-Caro- lina Chemical from 3 to 6 per cent. Bvi- dence that the increased dividend rate had not been discounted by the Insiders was shown by the fact that the stock has ad- vanced 5 per cent since the declaration. The bank statement shows another heavy oulflow‘of currency from New York banks to the United States subtreasury. From the interior during the week there was a net inflow of $1,! , but on operations with the subtreasury, owing to corporation pay- ments, there was a loss of $5,169.000, the net drain of 36,263,000 from the New York banks. The first gold import movement has been inaugurated with the engagement of $1,750,000 gold bars in Lon- don. This is the first large import of gold from Europe since January, 1908. Other en- gagements which are pending are tempor- :;ltl)' checked by a ralse In the exchange . Copper is Way Down. Producers of copper are of the opinion that the price of this metal has found its bottom. They believe that future move- ment will be upward. Adolph Lewisohn, the copper magnate, who arrived in_ this country vesterday from Europe, i8 of the opinion that there is no necessity for an amalgamation of the copper interests of the United States into a “combine.” Mr. Lew- Isohn belleves natural laws will adjust con- ditions In the copper metal market without «| relying upon a centralization of the pro- ducers to raise and lower the output as the Qrders sgem to Justify. He said the pres- ent copper conditions have prevaied before and prices have always adjusted them- wisohn looks “optimistical overnf i pe g0 & this metal are very bright pever & Co. have purchased fro Missouri, ‘Kansas & Texas Ratlway come pany 310,000,000 one-year 5 per cent secured 8old bondws. The proceeds of these will be used to finance the cost of new tei 18 in St. Louls, new. equipment and improve- ments and fhe aequisition of thé stook of the Texas Central railway, a valuable feeder, which owns a fraction ove: miles of line from Waco to Rotan, Tex. 3 In the Field of ‘Laor, he settlement of labor difficultl southern rallroads has clarified the: athim: Phere in that section, practically free of trouble. However, trouble has now been shifted to the east and middle west again, with employes of the Pennsylvania lines de- manding higher wages. An amicable ad- justment of this diffioulty is anticipated. fiha Tennsyivaniy Joad’s trouble is modi- concf S e atory attitude adopted by uisville & Nashville earned less stock.In the second haif of the fiseal yoes than it did in the first. The road has fust closed its fiscal year with nearly 17 per At earned upon its lines. steps are being taken to ) prices in the steel market. A shiinkage i d % Statistics complled today ‘show thar ac- tual sales of new rallroad, industrial and bublic service bonds of ali classes during June reached a total of $120,000,000, bringing the grand total for the first haif of the Jear up to 875,000, The bond market has com 3 l,hxu‘h[, ipletely apathetic as some n item of interest is the election - ward H. Tl Green, son of Hetty Green. & director In the Seaboard National bank. When Mr. Green arrives here later In the month from Texas, where he runs the Mid- land ratirosd, it 15 reported he will make er attempt to W;]l r B P me & factor in Number of sales und leadin on stocks Were as follows: & (uotations Allis-Chalmers prd Amalgamated Copper . .| American Agricultural’", i | American American Can American American American H. & L. pi Am. Ice Securities American Linsesd . American Locomotive American 8. & R. i{Am. 8. & R pra.. | Am. Steel “Foundri Am. Sugar_Refining. American T. & T s | Atchison ptd Atlantie Coast Baitimore & Oblo.. Bethlehem Steel .. Brooklyn Repld Tr. Canadian Pacific Centrul Leather Central Leather Central of New Jerse, Chesapeake & Ohio Chicago & Alton. s | Chicago_Gt. W.. C. G W. ptd Chicago & N. W. C., M. & 8t P, 3 >, C. & St Colorudo ¥, & . Colorado & Southern.. Consolidated Gas Com Products . Delaware & Hu Denver & Rio Grane D. & R, G. ptd Distiliers' Securities . e Erle 1st pid Brie 34 ptd. General Electric .. . Great Northern pfd..... Great Northern Ore ctfs. : [1llinols Central .. Int, Met, pfd 3 International Harvester . International Marine- ptd. ternational Paper ...... International Pump Towa Central Kansas City So. K, C. So. pfd Laclede Gas Loulsville & N Minn. & 8t Louls. M, 8t P &S B M MK & T 2 M, K. & T. ptd Missouri Pacific t | National Biscuit .. , | National Lead R. R, of M. 3d pfd York Central North American Northern Pucitic Pacitic Mail Peunsylvania Peop) P, C. C & Piltabirg_Coal ... Prossed Steel Car.. Pullman Palace Our. Raliway Stesl Spring Feputile. diost opubiic 2| Ropublic Steel pfd i | Rock Island Co. Rock island Cb. 38 L &8 P s Lows 8. W, 1 31 14% | el | HTd o 8N JULY S0, Tennessve Copper Texas & Pacifie T. 8L L & W T St Lo & W, pid Unfon Paeitie Unfon Pacitic pid United States Reaity Unitd States Hubber United States Steel U. 8. Steel pid Utah Copper ... .. % “arolinn Chemical u “ [y u "y ” iy shares, Westinghouse Kleetric Western Union Wheeling & Lake Erie Total sales for the day, New York Money Market, NEW YORK, July $~MONEY—On call, nominal; Time louns, very strong; sixty days, 3%@3% per cent and ninety aays, 4w 434 per cent; six months, bl per cent. PRIME MERCANTILE = PAPER—bG5% per_cent. STERLING EXCHANGE—Steady, actual business In bankers' bills at 48300 for sixty-day bills and at $4.858 for demand; commercial bills, $ 53G4.83%. SILVER—Bar, 00%c; Mexican dollars, NDS—Government, steady. Closing quotations on bonds today were as follows: 100% Int. U. 8. ret. 2s, reg ; 111008 %Jupan 48 101K do 4%s baes 101y K. C. So. lst 3 CUIMML, S, deb, ds 1941 - . 18t 4s. do gen. Whs.... Pacltic 48 ... ‘with 837067 steady; rallroad, do coupon . Allls-Chal. 15t 68.... SAm. Ag. 0. Am. T. & T. ¢ Am. Tobacco 4s o 68 ... Armour & Co. d%s. sy .. W SAL C. L. Ist s, Bal, & Ohto 4 do 3%s . *do_ 8. Brk. Tr. of Ga. en. Leather of N. J. & Ches. & Ohlo 4%s. o cg. 4%, Chicago & A. 8 ¥8% No. LW do 38 ... 0. 8, L, rtdg. in. < 82 "Penn. ov. 348 1916, LA04% o con. 45. . 9543 Reading gen. ... 10 8t L & 8. F. (g, 80, L 38 9% do o o ds. T2 do st re 3 . M50, Rallway du..... A dogen. ds. 61 Unlon Pacific 4s. C.o& 8. r, & o d%a %% do cve da........ D, & H. ove da...... 97) do 1st & ref. s D. & R Q.48 S 92%0. 8, Rubber 6. do rel.’ ba.. L 9% U. 5. Steel 24 b8 *Distillers’ Erie p. 1. Statements of Clearing House Banks, NEW YORK, July 9.-The statement ot clearing Louse’ banks for the week (flve days) shows that the banks hold §11,326,550 more than thes requirements of the 2 per cent reserve rule. This is a decrease of 001,00 in the proportionate cash reserve as compared with last week. The state- Circulation . egal tender. Specle Reserve Reserve required Surplus .. Ex-U. 8. deposits. *Increase. The percentage of actualireserve of the clearing house banks today Was 2.55. The statement of banks and trust com- panies of Greater New York not reporting to the clearing house shows: Loans Specie LONDON, July 9.—0n the Stock exchange here today American rafls’ cpened flat on the government crop réport and thé pros- ts of & poor New York hank statement. er pric hardened slightly on a few covering orders, but the market closed un- certain. Closing quotations on stocks Were Consols, money .. 3 1-16Louleville & N. do_account . ) 30% Union Pacitic ., . T34 do_pfd WU, 8. Steel.. 42% do prd 33 Wabash 27 Wabash pfd .. Tilinols Ceatral 133 Spanish s SILVIER—Bar, steady at 26%d per ounce. MONKEY—1% per cent. The rate of discount in the open market for short bills is 2 per cent; for three months' bills 2% per cent. Local Securities. Quotations furnished by Samuel Burns, Jr., 633 New York Life building, Omaha: Bid, Asked, Cudahy Packing Co. B8, '199¢ . " Gty Nat'l Hank Bidg, s, 1990, ” City of Omaba 43s, 1990 108 Columbua Elec, Lt §, 1924. Gerigan bire lus. lowa Portland Coment 1st mig. iowa Portland Cement con. 6s. Kensas City, Mex. & Orent Kansas Gas' & Hive. 1% pld. Kansas Gas & Elec. fs, 1922 Michigan State ‘el pid. Morria & State Insurance Co.. Beattle, City of, ba, Unlon Stock Yards stock, EEsingezs sesyasis st;, ;‘g_‘,suizl Boston Stocks und Bonds. BOSTON, July f.—~Closing quotations on mining stocks were as follows: 1% North Butte Gia North Lake 11%01d Dominion Butte Coalition .. R Cal, & Arizons © 43% Winona 10 Wolverine % New York Curb Market. The following quotations are furnished by Logen & Hryan, members New York Stock exchange, 316 Bouth Sixteenth street, Omaha: Bay Biate Gas. M Larose Butte Coslition .. + 17% Nevada Com, © 10 Newhouse Cuino .. Ghlet Com, ...0..... 14Oblo Copper . i Davis-Daly . 1 Rawhide Cosiition .. Ely Central . Central ... Ely Con, Frankiin Giroux Goldtiel B Goldfield Dalsy Greene Cananes . #kSuperior & P... . §i4Tonopah Mining #» Trinity Copper 1 North Lake e BERLIN, July 9.—The weekly statement of the lmperial Bank of Germany shows the following changes: Cash in hand Loans ... Discounts Treasury bills. Notes in cireulation. posits . Gold in hand. *Increase. Bank OMAHA, July 9. 7 and for the correspon: 176.42. Total clear- Ings for the week were. *Monday . Tuesday Wednesday Thursday Friday . Saturday Totals 13,702,088 04 *Holiday, o7 | 10, 1910. OMAHA LIVE STOCK MARKET Some Kinds of Cattle Lower, Others Higher for Week. HOGS ARE FIVs CENTS HIGHER Ao Sheep on Sale Saturday und Prices for Week Are Strons, While Lambs Are Genme Abopt Steady. SOUTH OMAHA, Receipts w.re: *Official Monday U.iclar ‘L uvsa Official Wednesday. Uiticinl Utticial Krigay stimate daturday July Augs, Bused SIx days this week. Bume uuys Iust week Sume auys 2 weeks ago. Same duys § weeks ago. Sume duys 4 weeks Ko S last year.. The following table shows the receipts, of cattle, hogs and sheep at South Omana for the year ta date compared with last year: W6, . ane. wec dbo,uzi 19,80 1,447, 1 % 46 ‘Uhe following uoie shuws Lie dverdss prices of hogs ut Soulh Omahu Ior (he last everal days, with comparisons: Cattle ai i, Dates. | 1910, mwuu.]m" 11906, 1905, [1904. | June 2. June July July July July Suiy Juiy Juiy Juiy July *Sunday. Receipts and disposition of live stock at the Union Stock Yards, South Omaha, Neb., 10r tweaty-lour houts ending at 3 o'clock poom, July 9, 1910: RECEIPTS, Cattle. Hogs. Sheep. H'r's. C. M. & St. P. § . Union _pacitic Elrewnebrallcs Total receipts . DISPOSITION. Cattle. Hogs. Sheep. Omaha Packing Co. 39 Swift & Company. Cudahy Packing Co Armour & Co.. Cudahy ' from K. City..... Cudahy from So. St. Paul Hil & Son. Other buyers 206 24 a1 v catue of any consequence here toflay, the market bewy practically bare us usual at the ciose ol the week. Receipts for the week have not been very large, showing & slow falling off as compared with last week and suii more ot a fadling off as compared with a A teature of the week's run has large supply of cornfed steers. 1t is & question if tnere has beén any week previous to this when more good cornfed steers arrived at the yards. in coose- quence of this large supply of fat catte receipts of other kinds were correspond- ingly small ‘fhe market on beef cattle opened on Tuesday higher, an advance of 10@lsc beiny reported, but as & matter of fact some cat- tle showed even more gain than that. Dur- ing the two days following the market broke badly, all the advance being wiped out and more too. At the clove of the week It is safe to quote the market 10@7loc lower than at the close of last week, and on some kinds of cattle the market 18 possibly & flat e lower. Cows and helfers wero light all week, or at least in moderate supply, With the re- sult that the market was in a g00d healthy condition. would naturally have some influence on butcher stock, but still the supply was so moderate that prices remained firm, and at the close of the week the market Is anywhere from a little stronger to as much a3 100150 higner in séme cases. p Btockers and feeders were In moderate supply throughout the week, while the de- mand was somewhat improved owing to the better feeling prevalling in the country in consequence of the June rains. Prices gradually firmed up and at the close of the weck are around 10Giic higher _than one week ago. Quotations on cattie: Good to choice cornfed steers, $7.25@8.00; falr to good corn. fed steers, $6.50@1.25; common to fair corn- 3.6046.0; good to cholce cows $5.006.00; falr to good cows {0080 common to fair cows and heifers, 80; g00d o cholce stock: ers and feeders, M.26G5.65; falr 1o go ockers had " Teedora USkii@A: common to fair stockers and foeders, $3.00g3.75; stock helfers, §3.25G4.00; veal calves, §.509 7.00; bulls, stags, etc., $3.25@4.75. Rprenentative ‘sales: COoWS. No.. Av. No. e Pr. 300 26 HEIF RS, 500 BTOUCKLRS AND FEEDERS. Wi 90 4 365 380 STIERNS-NEBRASKA. Frank Sides—Neb. 21 feeders..1088 5 60 5 cows. 3 cows..... 816 300 2 cows, 171 6 50 1 bull, Boott Sides—Noel 3 cows..... 2 helfers... 35 . %8 HOGS—The market recovered a portion of yesterday's sharp decline today on a limited supply. In & general way, hogs sold about a nickel higher, but an uneven session ls always & poor basis for comparison and salesmen's opinions were colored more or the treatment they received yes- terday. Some business was done at figures no better than strong, while dime advances were also apparent in both divisions. Light shipping and bacon grades met with the popular demand as usual and soid at or near the top of ‘the list. Shippers picked out a few loads, but their orders were not large enough to excite very much com- petition. Movement was fairly active and pens cleared within two hours opening. Heavies and extra heavies e: perie the average advance, but the usuad spread is suill In force, extra and rough lots bringlng the low i 3 Selected lights sold up as high as $.90, good mixed around §3.0098.65 and heavies around $8.60058.66, according to quality and weight. Bulk ranged from $5.60 to $5.6. For the week receipts have been relatively light, but demand for product has been very dull and hog prices have weakened result. Current sales are just about 16G20c lower than those at last week's close. Representative rales. No. Aw. ] SR EERFRRREREEETTSTSSESREET ¥ = §EbbBEEERS £ i pszuesl EBesss? 3 322230 RR22RBRBRLE ¥pREERERDRERBELY s B2 Bl w2es! 3 ErervREpsEEEtREE R AR RREY e SEBRERIRFITN £33 28 sheep and lambs, but SHEEP—Two loads of re recelved \rade presenting & very dull appears Bulk of the run consisted of western and sherp advances were scored on Tues: The severe break in beef cattle | $23 the trade appearing 15g25c Practically all of the early mpr has vanished duripg the last two or three days, howaever, best kinds of sheep a little. if_any higher than G handy-welght yearling quotably $6.60, cholce fat wethers would sell around $.40 and strictly prime grass ewes would not sell over $4.25 at most Lamb trade has been pretty sticky on most days owing to heavy southern supply at_eastern points, but local prices have held up remarkably well. It takes extra quallty to bring §.i6 and the ordinary run of stuft hag been moving around §7.09, littie ditferent from quotations at last week's close. Feeder sort was fairly large this week, and while the Inquiry is by no means as active a8 It _Was & year ago, there are plenty of orders on file to take care of moderate offerings. The week Is closing with a perfect clearance, most of the stuff selling on much the same busis as common and_fair quality killing stock. ‘Quotations on grass stock: Good to choice 1ambs, $7.2667.75; falr to good lambs, $6.756 7.25; fair to xod lambs, $.76G7.25; feeding Jambs, $0.000%.25; handy welght 1 006:5.50; heavy yearlings, $4.60065 teeding yeariings, $4.404.65; good to Jethets, | MLIBGAM; falr 1o good wethers, $3.56G4.1 ing ' wethers, 2; feeding ew CHICAGO, July estimated _at 700 beeven, §.808.55; kers _ana feeders, $3.76@5.70; cows and helfers, $2.8606.90; calves, $6.50G3.0. HOGS—Hecelpts, estimated at y,000 head; market iglbc higher; light, $9.1009.35; mixed, $.wyvdile; heavy, $.5089.19; rough, Witad. v, B0od 10 cholce heavy, $8.5049.10; bulk of sales, $5.9000.15. D LAMBS-Receipts, esti- mated at W0 head; market sieaay; natlve, BLA0QAUO; Westernl, $LMGA.60; yeurings, W.i6 oW Juiubs, native, W 6@8.00; western $4.9 @i Kansas Clty Live Stoek Market. KANSAS CLLY, July 9 —CALTLE-Re- ceipts, Aw heud; 'no soutnerns; murket, steady; native steers, 34.iogs.1o; southern steers, H.WG6.2; southern cows, §2.70G4.00; native cows and heifers, §2..501.4; stockers and feeders, $5.25@5.50; Lui 206040, calves, $3.(50G8.%; Wwestern steers, ¥.96@7.40; western cows, $3.20G5.00. HOGS—Receipts, 2,00 head; market, 5G10c lower; bulk of sales, $8.50g%.00; heuvy, $8.76 @8.8,; pacKers and butchers, 35.5069.00; 1ght, WUGY.10; PIES, WT0GY.0. SHELP AND LAMBS—Receipts, 1,000 head; market, steady; muttons, $.U0G6.00; lambs, $7.0008.15; ted wethers and yearlings, H.26@6.50; fed western ewes, $3.7004.50. Louls Live Stock Market. : ST. LOULS, July 9.—CATTLE-Receipts, @0 head, inciuding 200 Texans; Steady, native beel steers, $5.756G8. and heiters ers, X we and heltors ves' in_carload lots, $.50G5. HOGS—Recelpts, 4,00 hea steady; pigs und lights, $94009.65; packers! $5,00G0%; butchers and best heavy, WG 'SHEEP AND LAMBS—Recelpts, 6,000 head; market, steady; native muttons, H.00 @A.50; lambs, $6.7608.00. St. Joseph Live Stack Market. , July 9.—CATTLE—Re- arket, steady; steers, and heifers, §.506.%; calves, $4.00@8. HOGS—Recelpts, 3,000 head; market, steady to bc higher; top, $9.06; bulk of sales] $5.66@8.95. SHEEP AND LAMBS—Receipts, 00 head; market, slow; lambs, $7.25@1.7. Stock in Sight, Receipts of live stock at the five prin- clpal western markets yesterday: Cattle. Hogs. Sheep. South Omaha 5 4181 615 St. Joseph . 3,00 Kansas City 8t. Louls Chicago Totals FINANCIER © %.16@1.75; cow LAIMS DISCREPANCY Statements of Associated Banks Pro- duces Unexplained Conflict. NEW YORK, July 9.—The Financier will say: An amazing discrepancy marked the publication of the statement of the asso- clated baoks of the city of New York for the week ending Saturday, based on the statement of averages on the actual conditions of institutions. ln the average statement the loss in legals was reported &5 $13,600,000; loans were reported as hav- ing decreased §,50,00, while deposits fell ,700,000. “f'he result of these operations was to re- duoe the reserve on all deposits by $7,691,90. making the surplud reserve $11,326,5%. The slatement of actual conditions showed a decrease of $24,021,10 in loans; an increase of $3,544,200 In cash and a decrease in de- posits brought the cash reserve to $10,069,000, making the present surplus above the 2 per cent minimum, $16,739,100, There 18 no explanation to reconcile these conflicting statements, but, as a matter of fact, the report of actual conditions prob- ably ‘more clearly defines the real position of tho banks. The summary of state banks and trust companies not reporting to the New York Ciearing house showed an enormous decrease of $27,47,00 in lcaus, a contraction of $25,008,80 in deposits, and an increase of $17,000,000 in cash, The trust company position’ is therefore stronger. Cotton Market. NEW YORK, July 9.—~COTTON—Future: closed ateady. Closing bids: July, 1bdici August, 14.7%; September, 13.900; October, Lise; November, 1186c; December, 12.6c; 12.68c; February, 1%.64c; March, 1270c. Spot closed quiet, 6 higher; middling uplands 16.4c; mid- diing gulf 16./0c. No sales. LIVERPOOL, July 8.—COTTON—Quiet; prices 7 points higher: American middling fair, 8.43c; good middling, 8.13c; middling, 7.99¢; low middling, 7.8%c: good ordinary, 7.68c; ordinary, T.35c. The sales of the day were 7,000 bales of which 300 were for spec- ulation and export and included 6,700 Ameri- can. Recelpts, 2,000 bales, Including 1,000 American. Futures opened steady and closed quiet. London Stock Market. LONDON, July 9.—During the week the stock market suffered much liquidation in connection with & reported failure in Pa:is. Values sagged all around untll the wesk end, when moderate buying and a tempor- ary recovery in Americans, imparted a stronger tone. ‘American securities lost 2 to 4 polnts early in the week on continued bear pres. sure, but recovered on the announcement of gold’ engagements and the maintenance of Various dividends. ‘Today, however, the bad government crop report _brou fresh break and under renewed liquidation the market closed uncertain and from 1 to 4 points under last Saturdy. NEW YORK, July firm; Muscovado, 8 test, 3.83c; centrifugal, 9 teat, 43%c; molassgy sugar, 89 test, 3.08c. Refined, steady; cuf loaf, 6.96c; crushed, 5.80c; mould A, 5.50c; cubes, 5.4lc; XXXX wdered, 6.30c; powdered, b6.25¢; granu- fked, 5. . contection- ors’ A, 486c; No. 1, 480c; No. 2, 4.86c; No. 3, 480¢; No. 4, 4.1 5, 470c; No. 6, .65¢; No. 7, 4.60c; No. Ge; No. 9, 4.00c; No. 11, 4.40c; No. 12, 4.8¢; No, MOLASSES—Steady; New Orleans, kettle, 32g420. Treasury Statement. ‘WASHINGTON, July 9.—~The condition of the treasury at the beginning of business today was as follows: Trust funds: Gold coln, $862,796,869; silver dollars, $490,575,000; sliver dollars of 189, $3,662,000; silver c tificates outstanding, $i%0,575,000. General fund, $6,680,667; current Habllities, $96.674.035; | working balances in treasury offices, $14,149,- 804; in banks to credit of treasurer of the United States, $30.656,897; subsidiary silver coln, $19,626,558; minor coin, $1,221.W0; total | balance in general fund, $107,173,43%. | N 8, 4. open Olls and Rosin. NEW YORK, July 8.—OILS—Petroleum, | steady; refined, New York, bbis., §.63; re’ | fined, New York, bulk, $4.15; Phikudelphla, | bbis., §7.65; Philadelphfa, bulk, $.15. pentine, firm; machine bbls., 85 ROSIN—Steady; €ood, $5.00. SAVANNAH, Ga., July 9.—OIL—Turpen- tine, firm at 8ige. . ROBIN—Firm; type F and G, $5. Tur- | strained, eommon to Liverpool Gruin %arket. LIVERPOOL. July 9.—WHEAT-Spot, auil; No. 2 red western winter, no_stock: Futures, strong; July, 19; October, Tu1%d; Decembar, 1 Hed. CORN--8pot, firm; old American mixed, 58 4140; old American mixed, via Galveston, Bs 414d: new kiln dried, 68 34d. Futures, dull; September, 43 6% October, 45 7d. Coffee Market. W osed stead: Nevember_and_De Rio No. 7, §i-\ steady; Cordova, | $5.00, Der October, $6.95; $7.00; 8pot, stea No. 4, $ige; mild, Staple and Faney ¥ uoe Prices ed by Buyers and Wholesale: BUTTER—Creamery, No. 1, dellvered te the retuil trade in l-ib. cartons, $i; No. 1 3 $H-1b. tuos, Be; No. & m 1-1b. eartons No. i G-ib. tubs, ‘g0, packing Olid’ puck, 0°sc; dairy, W W-ib. tubs, chages every I'wesday N 1T%c; young Americas, 18c; duisy, tripiets, 1753¢; Nmberger, 18¢; N 1 brick, 1 No. 2 Me; lmported Bwiss, 30c; domestic Swiss, Z80; bluek ¥wiss, o POULTRY =Dressed broilers, 0e; e 1ilge; ducks, 1se 1 keys, pigeons, per duz., squabs, per doz, $.W; fancy dog., $460; No, per doz brotiers, hens, tur louer EQUADS, pe) $3.00. Alive s, (all frosen) , pike, 18c; tr inisih machere |dock, 13e; flounders, |buttdlo, Sc; halibut, 12¢; white perch, so; bullheads, l4e; white cat, 15¢; roeshad, $L.ov each, shadroes, per pair, #0c; (ros legs, per Ribs, No. 1, 16lie; No. , ¥o. Loin, No, 1, 1de; No. 3, 14 . 8, 10ie. Chuck, No. 1, 8i4¢; No. 2, Tig . 8 6}4c. Round, No. 1, 11te; No. 3, 103 . Plate, No. 1, 7 No. & ¢ Oranges: California Camella brand Redland valencias, 100 sike, per box, $8.76; 126 size, per box, $4.60; 160 size, $4.50; and smaller sizes, pe $4.00. Ha- vana Mediterranean 'sweets, 20-216 sizes, per box, $400. Lemons: Limonlera, extra fancy, 300-360 sizes, §9.00; choice, 30-360 sizes, per box, $8.0048.50; 240 size, 300 Per box less: Sunset brand, per box, $.00. Banahas: Fancy select, per bunch, ; jumbo, $2.75(13.75. Pineapples: Florida, %- ! .75, 42-48 sizes, $2.50. Cantalou California, 54 size, $3.75; 45 standards, $4.3 Cherries: California, per 10-1b. box, $i Apricots: Califormja, per 4-basket crate, $1.60. Plums: California, red, per 4-basket crate, $1.85, Blue Prunes: Per crate, $1.50. Peaches: California, per 20-1b, box, 90 Texas_yellow frees, per 4-basket crate, 750 80c. Pears: California Bartlett, per box, $3.25. Watermelons: Texas, 1%e¢ per Ib. Dates: Anchor brand, new, 30 1-1b. pkgs. in_box, per box, $2.00. VEGETABLES—Irish potatoss: Wiscon- sin and native, per bu. 50c. New potatoe: In sacks, per bu. $.00. Cabbage: Ne California and southern, per Ib., 2% fons: Texas crystal wax, per yellow, per crate, $2.50. Garilo: White, per Ib., 15c; red, per Ib., ife. plant: Fancy Florida, per dor., $1.502.00, Tomatoes: Tennessce, Der d-basket crat, $1.10. String and wax beans: Per hampe: about 2 Ibs. $2.00; market baskets, e, Cucumbers: ot house and home grown, per dog., Tc. HOMFE-GROWN VEGETABL ishes: Extra faney home-grow bunches, Mc. Lettuce: Extra fancy leaf, per doz., 3. Parsley: Fancy home:grown, per doz. bunches, 30c. Rhubarb: Per doz. bunches, 4ic. Asparagus: Per doz. bunches, 45@50c, Green onfons: Per doz. bunches. 25¢c. Turnips: Per market basket. 40c. Carrots: Per market basket, 0@75c. Reets: Per_market basket. e, Green peas: Per market hasket. $1.00 MISCELLANFOUS—Walnuts: 1b., California No. 1, per Ib.. 17c; Call- fornia No. 2, per Ib. 14c. Hickorvnuts: Large, per Ib., 4c: small, per Ib.. fe. Cocoa~ nuts: Per sack, $5.00; per d‘(\z 65c. TRg- S — Rad- per doj New York Winine Stocks. NEW YORK, July 8.—Closing quotations an mining stocks wern: A ) Rrunewick Con. L. 7 Com. Tunnel stock... 22 a0 bonds. T con. Cal. & k4 Horn Sfiver . a0 tron Silver *Otfered. 200 Woal NEW YORK. Inlv mestic_fleece, 32i33c, ST. LOUIS, July territory and wee fine mediums, 1 ~WOOL~Quiet; do- ~WOOL~Unchanzed; rn medums, 18@22%c; 12@14c. Hny Market. ~HAY—No. 1. $.00; No. acking, $4.60; new, $10.00, Straw. .00, rye and oats, $7.00. Alfalfa, Omal OMAHA, July 2. $1.00; Wheat, $12.00, RAIN COVERS BLACK HILLS Long Delayed Moisiare Reaches Western South Dukota and Does Great Good. DEADWOOD, 8. D., July 8.—(Special Tel- egram.)—Steady drizzling rain began fall- ing this evening, general throughout the Black Hills, and Is worth many thousands to farmers and stockmen. MITCHELL, 8. D., July 0.~(Special Tele- gram.)—A raln covering this county and extending some distance beyond, fell during the night and was foliowed by a light shower this morning. The rain came slowly and every drop soaked into the ground, The precipitation amounted to 1.30 inches. Graln in this county has been doing ex- ceptionally well under the dry conditions of the lest month, when the falling mol ture has been less than half an Inch up to the present rain. CHIPPEWA FALLS, Wis, July %.~For- est fires In this section have been quenched and drouth broken by plenteous rains which fell today WAUSAU, Wis, -July 9.—A heavy rain started in today and Indications are that there will bo a steady downpour all day, which will be of great benifit to the farm- ers and extinguish the forest fires which are raging around this city. Reward for French Heroes. PARIS, July 9.—The administrators of the Carnegle Hero Foundation today awarded pensions varying from 80 to $300 an- nually to widows and orphans of polic men, firemen and other persons who lost their lives In the performance of heroic duty during the Parls floods last spring. New Players Come Today. Suter Sulllvan and Willlam Morlarty, the two players purchased by Pa Rourke from Loulsville this week, are expected to ar- rive in the city tonight. They will join the Omaha team Sunday at Des Moines. An experteuced ine pperator, ut present successfully operating a plant, has secured a desirable lease of 20 acres. Adjoining om three sides are the richest lead and zinc mines in the district; desires the assistance of one or more parties to help develop same. An attractive proposition can be made, and I desire to interest con- servative business men, as I can furnish exceptionally good bank. ing referemces as to honesty as well as ability to make a success. ANDY McINTURFF,, Webb City, Mo. STOUK PRIVILEGE CONTRACTS $10 and upward invested in Options may return very large profits in an ac- tive stock market with limited risk. All contracts secured on commission. Write for _detail a rates for Options. CHARLES i~ & our'A‘_" T Seupee Vstadesoh's Herbers B. Gooch Go I!rokeru e.l‘lg Doalgu;: Omaba Offics, 113 Board of Trade Bldg. —Bell ¥noms, Doug. 681; Ind. AG) i NE el wales bids: \ Rlack. per "