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About The independent. (Lincoln, Neb.) 1902-1907 | View Entire Issue (April 18, 1907)
APRIL 18, 1907. THE NEBRASKA INDEPENDENT SELLING BRINGS WEAKNESS WHK.vr HAS. AN OFF DAY 1 TIIK CHICAGO PIT. PRICES HAVE SHARP BREAK Mmkf t Giclltd and , Stroug Early ou Report of Kilting Front., But Lnter Slnmps Coria and oat Dow. CHICAGO, April 17. Selling on a liberal scale caused weakness today in the whi-at market with the May option closing at a net loss of c. Corn was down 'c and outs c Provisions were 2c lower to 5c higher,' The liberal selling of wheat was a fea ture during the greater part of the ses sion and was due largely to a belief that improved weather conditions for the new crop are at hand. Another reason was the near approach of delivery time on May contracts. On a report of killing frosts throughout Kansas, Missouri, Iowa and Illinois, the market opened excited and 'strong. Continued absence of rain in Kan sas and Nebraska aided the bullish senti ment but before the end of the first half hour a brisk selling movement developed and prices broke sharply. The immediate reason for the change in sentiment was an official forecast of showers for several sections of the winter wheat belt. Ihe market at times rallied moderately on covering by shorts but declined again just before the close. The latest recession 1 ol io wed a report of snow In Nebraska. The close was weak witn prices close tc ;he lowest Doint. May opened 4c to tirVo. hie-her at l7S'Vi78V.C. sold off to 7C and closed at 7777c. Clearances of wheat anl flour were equal to 246,000 bushels against 750,000 bushels the ame da last year. Minneapolis, Duluth and Chicago reported receipts of 391, cars against 361 cars last week and 100 cats a year ago. The corn market opened firm in sym rnthv with wheat but selling by a local bull soon caused an easier feeling during the first hour. Tne close was steady. May opened M:1ic higher at v7Vi8 471,4c, sold off to 4G6b&46c and closed at - .)t)c. July opened Vic higher at HVatv 47,. sold off to 47c and closed at 471sC. Local receipts were 214 cars including tiin cars of contract grade. Oats opened higher on reports of dam age by frost but weakened on realizing sales. May opened WU'Vc higher at (j! 4.ic, sold off to 43c ana ciosea ai ',o Local rcr.eiDts were 173 cars.. Provisions orjened easier but became firmer nn huviriB' hv shorts. Trading in Mflv onti.m was comnaratively nothing At the close July pork was up 6c at $15.9714. Lord was 214c lower at $8.70$ 8.7214 July ribs were unchanged ar. ys.w. Tititnati rprr-ints for tomorrow -ie: ivhMt. vr, rata- corn. 17G cars; oats, 201 cars: hogs. 25.000 head. Cash quotations were as follows' Wh.-at No. 2 spring, 80S3Vc; No. 3, Corn-No, 2. 4WJ 4614c : No. 2 yellow, A(.X'.tt Oats-No. 2, 42c; No. 2 white, 44-f 4!Mc; No. 3 white, 4014j;42-54c. Barley Fair to 'rhoice malting, 69a,lVkc. Flax seed NO. 1, jr.rz; xno. i western, ' $1.19. Timothy seed $1-28. Clover Contract grades, $14.50. Short ribs, sides (loose), $8.3008.40. Pork-Mess,- per barrel, $16.0016.12.. Lard -Per 100 pounds, $8.57V2. Short clar sides (boxed), $8.759.J0. Vhisky-$1.29. Rece Dts. Shipments, V,nrrpl 35.409 '9,900 Wheat, bushels 53,600 Corn, busnels S7,600 Oats, bushels 453,100 Rye. bushels .. 5,000 n).r huahpls 61. 1W On ihe produce exchange today the but ter market was firm: creameries, 22g r ivU-StpadT' at mark cases included, Jfic; firsts, W'ic; prime firsts, 17 ITMitn. IMrluC. Poultry-Live, weak; turkeys 12c; chick ens and sprlnks, isc. 6,000 160.C00 .8,400 4,000 Open. High. Low, CIoie. Wheat May July .. Kept. . 1c. .. Corn May .. July .. S.-nr. . (i;iis Mav .. July .. S't. . J'lM-k - May .. July .. f.ai-d- M:v .. July .. S-pt. . I ; AI ,iv . . .lul.v ., !' I .178 . X0,Ml I 7SV4 ISM- siVt 4 8' I 475j,-i!i7.i 47Vi'ii ,47'!h . .. . , . HlWii-'i ,U'l...f,l ) ir,.sr. ! 15 90 8.75 S.C'j1 8 i77 I'iTW S3 s3 47 47V, I 1 '40'i; ."k . ..I 15.!J;,:.VN !$!. & j,(M 15.S7Vi'. .f i'71i I g.63 S.K. ! ,4 nt K.75 S.C7'i: 4 Y2 .14 f--'i! s.w I I ... ti", X .tKI i- 75 8.7 S.73 Stw Vert Troace jarlit. NEW YORK. Aoril 17.-Flour-Reccipts 15,154 barrels; exports, 9,154 barrels. Mar ket steady but dun. Rye flour Firm. Cormr.eal Steady. Wheat Receipts. 9,tW bushels; exports, 92,700 bushels. Spot market steady; No. 2 rpl fi-'Mo. elevator, and 84UiC. f. O. b. afloat; No. 1 northern Duluth, 91c, open-' ine navigation, f. o. u. anoai; xno. i naru, S5c, opening navigation, f. o. b. atloat. After a sharp opening advance due to colder weather in the southwest na heavy covering by room shorts wheat broke more than a cent a bushel ami was weak up to the last hour when new ouy ing caused a rally. The decline was caused by rain rumors and heavy west ern unloading. Final prices were w(c lower as follows: May, Wtc; juiy, s-,fcc; September, sS-jfec. Corn Receipts. M.uoo busneis; exports, 2SG.574 bushels. Spot, steady; No. 2, 57c, elevator, and 54 cents, t. o. b. anoa'.r rso. 2 white, 57c, and No. 2 yellow, 54c, f. . b. afloat The option market was more act ive and fairly steady on lighter receipts, closing 14c net lower as follows: May, 521c; July, 551ic. Oats Receipts, 27,000 pustieis. spot nrm; mixed oats, 2t to32 pounds, 4714c; natural white, 30 to 33 pounds, 48fjo0c; cupped white, 36 to 40 pounds, 495314c Lard Quiet; renned, steaay. Pork-Quiet. Suear Raw. firm: fair refining, 3.23c; centrifugal. 96 test, 3.73c; molasses augar, 3.04c. Refined, steady. Coffee-Quiet; No. 7 Rio, 6c; ,. No. 4 Santos, 7Tic. . ' Butter Strong; street price extra cream-. aW32c; othciar prices, creamcnr cum mon to extra, 2231c; held common to ex tra, 2130itc; state oairy common to finest, 21".3iic; renovated common to ex tr.v 16(!2),ac; western factory, common to firsts, 19&22e. Cheese steady: state, full cream, col ored end white, small, September, fancy, 15c; October, best, 14!&14y2c; good to prime, 13n!l3V?c: winter made, average Dest, nvic; good to prime, .1213'4c; inferior, 11140 12e. . Eggs Easier: state, Pennsylvania and nearby, brown and mixed, firsts to extra firsts, 17al$V4c; western firsts, 1701714c; official price. 17l7c. Foultry Alive, steady; fokls, 16c; chif k ens, iac; turkeys, 11c. Dressed, irreu.ar; turkevs, WaUr.; fowls, Wit 1414c; chickens, 1010c. . . !t. I.oaln (irnlu Market. ST.. LOUIS, April 17. Wheat-Futures, weak; cash, strong; on track No. 2 red cash elevator, 78i79c; No. 2 hard, V4Ctf 7Se; May, 76c; July, 78'2ff78c. Corn Firm; on track No. 2 cash, 4714 48c; May, 44c; July, 4Gc; No. 2 white, 47S47c. Oats Stead v: on track. No. 2 cash, 4W-tM2c: Mav. 41c: July, 37C; No. 2 white, 4314c Lead-Quiet. $6.9714. Spelter-Dull, $6.65. Poultry Firm ; chickens, 1114c; springs, SOfWSc;- turkeys, WHflS'c; dueks, 12c; geese, 7c. Butter Steady; creamery, 23SK?114c; dairy, 21W2GC. Eggs -Easy, 15c, case count. !trn York Cotton Market. NEW YORK. April 17. Cotton-Futures opened barely steady; April. 9.62; May, n.70c; June, 9.6Sc; July, 9.72c; August, 9.75-77o; September, 9.79c; October, IO.OOc; December, 10. ope; January, lO.Klc; Feb rnnry. 10.27c bid Spot closed quiet, 5 points lower; mid dlins uplands, .11.10c; middling gulf, 11.35c. Sales wore 66 bales. . TPntiirt. r.lnptl nnipt and steady : April. 9.55c; Mav, 9.61c; June, 9.60c; July, St.CTc; August. 9.C9c; Srptember, 9.70c; Ort'Jbex, 9.92c; November, 9.9t.c; December, ik.'.iic; January, 10.15c; February, 10.21c; March, 10.28c. Kanaii City Grain Market. k'axtsas pity Anril 17 Wheat Mav. GSW : Julv. 72c: September, 74c. Cash No. 2 hard, 7l(S71c; No. 3. 6S74!4c; No. 2 red, 75M.ft76c; No. ?. CXM&'Mc. cnm-Aiav.' i0"'io.- Julv. 42c: Septem ber, 430. Cash' No. 2 mixed. 42c; No. 3, 4iy2c; No. 2 white. -431443c; No. 3, WYp 43c. Oats No. 2 white, 4lc; No. 2 mixed, 49&ff41c. Eggs Steady, 1514c Receipts Wheat, 130 cars. York Copper Market. NEW YORK, April l7. Copper in Lon don was about 2 higher with spot ai.d futures botli quoted at .ECS 10c. Locally t'.f n-i.-irlcrf rnntmues dull end there i" more or less controversy over the proper qilOtatlollH Willi ROIlll; Ol me Dig prouuena claiming that vn quotations commonij !i..fnlr.,l nro ton li)W. Under tllO C'ir- rinnstanreH the p.-lces civen must bo r.o tranled as more or less nominal. Iiko, $.'1.0,f.i2: W: el.-etii Ivllc, $23.5o'f(2i.50, .nst- ing, $22.50 23.00. O Hindu (ir'iln Iiirkf(. OMAHA.' Neb. April 17.-Wheat-No, 2 h.ird. i.... i'v; No. :1 Irird. Wit;:ie; No. 4 hard, r'MSc: No. 3 sining, iw4ie. Corn No. 3. rfi'iiiSe; No. 4. :'-';"; no Brith .i""'i4(; No. 3 judlow. :;0e; No. 3 ttl..'u. ;'.'. Uic. Oats- No. 3. a-v,:'!io; No. 4 white. IS .';; Nn .! whil' 2?'-.e. i;V,w-N, No. 3. Tv Liverpool lirala MnrUet. t.l t KMM.i Ai.HI 17 -Whit SH j. o nd .vftern wliler, uteady, .V'! 1 C.iHr.nil.. qui-t. ( M. rtit'Mi. uuUt' M fd; JuV. 6. 3',d. ' f,-,r'n r itn' Mnertrtin mUeil. !'. 4 di"o, V.I.I, 'i V' A Putiir-. nn!"tj M.v. ; y.i, July. 43 i'.-l; 8.-ptemu..r. Jl. WILL BEGIN ANOTHER SUIT Supreme t'oiirt I)Uniimei Tliot of IIUiioIn AgHtntt Railroad. SPRINGFIELD, III.. April 17. The supreme court today dismissed the suit of the state of Illinois against the Illinois Central railroad for an accounting and recovery of the share claimed by the state of the gross re ceipts of the railroad. In dismissing the suit the cour. gave leave to the attorney general to withdraw the suit and begin the proceedings cuner nere or in Chicago. Oh ef Justice Scott in his brier oral decision announced that the court was divided as to whether the suit involved revenue within the meaning of the constitution and tncrerorc in its discussion decided not to assume jurisdiction. Assistant-Attorney General Iemp pey said today that the suit would be promptly re-filed either in the cir cuit court here or in the superior court in Chicago. The case ultimate ly will go before the supreme coun for final action in any event. Mtnrto!la Cruln Mark. JU.S'Vr l' 'f -IS. April IT.--Whnt M.V. r.-,; Julv. s:-V; No I h-rd. iiCHe; N-. ti..i Hi rn. J'4-s;Sc; No. 2 northern. K. .i !'. : N-i 3 iv-i tti.'i ii. 7-7!". ri- M'-" l-'i'-l p iti-iiH, $l.2o : B.r.inil pii.-tit. $1 ir. i lirt ibr.--., f.l ..' S ; .. ror.( e ir. I'i.virt.uy t. I mat Won! 1trke, (VT. f.OT'l. Aprd K-W- n tttestdv. T.r medium, Ui Jin. Hii.'ft. HAS BEEN T00L0NG COMING Only Itexret of Hov, Mr. Akod on ' Uenclihin; Xew York. NEW YORK. April 17. The Rev. C. F. Aked, who comes hero from Liverpool to accept a call from tho Fifth Avenue ( Rockefeller) Baptist church in this city, arrived today on the steamer Carmania, accompanied by the Rev. Thomas Law, who will address the national peace confer ence at Carnegie hall. Mr. Aked said the only comment he cared tn make on his mission to this country was that he felt he had delayed his com ing to America ten years too long. "I am forty-two years old now," he said. "I fhould have come here ten years ago. While my work at Liver pool has filled my time acceptably I think I ceuld have made more of my time here. I come to America with great anticipations of the possibili ties before me." ITALY WITHDRAWS PROPOSAL. PARIS, April 17. The announce ment of the withdrawal of Italy's compromise proposition in the matter of a discussion of the limitation of armaments at The Hague peace con terence, owing to Austria's and Ger many's decided attitude in opposition to it, was made public here today. It does not greatly affect France s posi tion realtive to the limitation of armaments... Authoritative circles de claro that France as a matter of prin ciple regards favorably all efforts to advance the idea, but is of the opm ion that its discuhsion at ihs au Broaching peace conference if? not likely to assume concrete shape. CiLAll OF C.OMlVi MICKTIMJ. PARIS, April 17. The forthcoming meeting of King Edward and King Victor Emmanuel at Gacta is viewed with the utmost satisfaction in gov ernmental circle here, where the royal conference is considered as not likely to strengthen the cordial relations ex isting between Italy and Great Bri tain, but as binding cloxer the ties between those two countries and France and as exerting a good effect on the European .situation. THE LIVE STOCK MARKETS LAHtiC-: CATTLIJ HKCKH'TS SUM) ritlCHS DOWN A LITTLi:. fair Run of I!ok, Bat Itcoclptu .ot So Lnrtte nil Look ed For. Date 1SW7 130a WU4 laua liw2 iwl April April April April April April April April April April April April April , o (!. 7. 8. 9 10. 11. 12. 13. 14. 15. lti. 17. ,U. 21 .6.,tf.21 . ti.22 .ti.Si 6.2a .ti.3S6.30 .6.4l;Vi.33 ,4.42Mi.34 .6.4-1 44tj. 38 . e.aa .6.30 6.45 .6.43146.49 . .. 6.51 5.23 5.30 5.26 5.25 5.25 5.2S 5.31 5.28 5.28 5.26 5.2C- 5.07 5.00 4.93 4.1)1 4.91 4. 96 4.8K 4.&1 4.81 4.86 4.89 7.23 7.24 7.27 7.25 7.25 7.22 7.19 7.19 7.22 7.07 7.13 6.o2 6.W 6.M 6.67 6.80 6.90 6.84 6.86 6.91 6.95 5.95 5.27 6.01 !2 t.87 5.92 6.99 6.04 C.04 5.94 5.92 Hunday. RANGE OF PRICES. SOUTH OMAlI, Neb.. April 17.-Rc-ciipts of live slock were: Cattle, IIhrx. alieep. Oltkial Monday . . Oflklal Tuesd'iy ., OUK'tal Ut'tn-'wlay llogs. $U.3u6.45 tt.lOiutf 75 6.40U..57Vi 6.256.75 6.306.4'J Cattle. Omaha $3.406.50 Cmcisgo l.'tiiti.tiu Jvanaas Citv i.OOiito.tU fct. Louis l.lWu-6-W Sioux City o.uj.iu Ctti. Il.i.w.ii.l u u...rn i?afr lih.l';ll 1 1 1 1 M IllUtn'.CiU. in fact, the heaviest run for some time past. The three days' supply nas uieu about 6,ouo heavier than tor the rtrst na..l ..v luul u,o..L un, I IhurA h:l hftfin A V(fV noticeable improvement In the character of the oireriiigs. On account of tho bearish tone to ad vices from eastern markets and the liu erul local receipts the tat cattle trade-, opi ned out rattier slow and nearly bids u...r tniiv id., inner than vesterdav. all around. As it developed later that Uu'iu was u goou general ucrnanu ioi wis light and handy-weight grades, pikes ci nf.-.nj;.! u.. 11,1. ..Ihm nf KtOCk tO VOTV nearly steady llguroH, but the market was slow und weak on me neavy grauvn throughout. The proportion of cows and heifer ou salu today was very small, less than fifty loads, all told, and tho result was a strong, active market for all desaabU .,rp,,4i,,ra V.iui nluc wcrn utriLflV and there was little noticeable change In th market for bulls, stags, etc. i,iUlnUi In I ho iul .ii'kir and feedo:'1 di vision was rather quiet, owing to the fact that the . liberal run or came iuwuubu very few feeders. There was a good d- ,.1 li.uii.rrr , I ha Hi ,1 III HtM'.l( Rfld lliailUi liuni-li , n ' - " - prices were quotably fully steady. Light stuff, as usual of late, was Blow and weak although hardly quotauiy lower. IIOB. uhiu thorn w n. vcrv fair run of hogs the receipts , were hardly as .argo as dealers were looking for, either here or at eastern markets. The tono to re ports from outside points was generally bearish, however, and trading was slow from start to llnlsh on the basis of about a Oc decline from yesterady's tlguras. A noticeable leaiure or me iruue wna iuc increased popularity of light and butcher hogs, these selling at a greater premium than before this spring. The top, $6.55, was be higher than yesterday, although the bulk of the sales at $6.356.40 aver age up about 5c lower than yesterday." ' , ,. u,..te 10.22 ... i.::vi a.h'C t.96i , ..".OHO ll.) 20,il Thrco days thin we k.5H.vi t,r.2"J 4o,2,i hamu la- il week..l.,2.W -i.'Jlo U2.777 Kame 2 we-ks ago... .11.4 U.f.U r.l, '.. Same 3 wkn ago,,, j.'.oil s,377 L'j 70 i Same 4 w ek ago.... 17. 142 !.!. .l.r IS.iiii. ouys .ut i'ar..l.VCi 2.471 c k n i . v. i i n i a T 1 1 s (,i",.l t4 rh-iicj corn Vd ht.-ei'H. .$.'. l;6.o 1'air to god itiu f .1 t J t'onuoon t fair utrera I. Ii (IlKHt Irt I -1 1 f"'l 4 "M , HJ I'.iir t :. t' and l- lf'i m. . 2 J--t I . I'o u'tiiiii t. fair . ..wst ".". ' Z't 1 .ur o rh.dre mm .-r & It' d.'r: 1 Ktr.r t k.I nUnk. ri4 an. I t.' li ri M i 1-) C.aMiiit.m to f.ir li kr 2." i ' t.K... M- . 4 V-tl mIii ,, ., 4 ivo t. j i !. "'" hoi ih av r IiU.' uf m h-jn'h ininli.t fur I SQeep. Liberal receipts this morning ware off set by corresponding demand from pack ers, ko that prices were well sustained on all desirable grades. Strong upots were noted hero and there and early trading was brills at fully steady to strong prices. Wooled lambs fetched $8 60 the limit reached during the present ad vance, and the Gibson shorn wethers $6.15 and shorn ewes, $5.65, were Sc nigher than Ihe same stuff brought yesterday. Considering the very liberal receipts and high prices prevailing hero the market is In a most satisfactory condition all around. Quotations on wool.-d killers: Good to choice lambs, $8.0(W?i8.50; fair to rrood lambs, $7.5K?jS.Oi; good to choice ,,ear lir.gs lamb weights, $7.00'77.75; fair irt good yearlings, lamb weights, $6.60te7.00; g'ood to :holec yearlings, heavyweights, $(;.50rj7.00: fair to good yearlings, .heavy weights, $ii.:MKa'fi CO; good to choice old wethers, 46.5WU7.6U: good to choice ewes, jn.8t5Wfi.10; fair to good ewes, $5.:5(iTi.85; clipped sluep and lambs sell about $1 off from above quotations. ATCHISON GLOBE SIGHTS. You hear so many wonderful things that are not true. A severe case of freckles is as hard to cure as baldness. A boy Is apt to waste everything ex cept. Komething to eat. Nearly every man has a worthless relative who lives off of him. Father usually imagines he is th only really effeftive chaperon. Every man In a great baby if h can lir.d tho riijht in io cry to, Live Stock CefflRiisstoiT CafTIc Hogs Sb-ssp tye 5iia:'tcr focr Co. ii SOl TIl C M AHA, Nl t'HASKA. I ( m t ,t serf ,re in H trpki tnifri! ! A Wt n iri if i ler ii nrkrts ir ott.tr j J lf.nnt :. t j l.. r i1r..tM:.f vher. l.n,,', it: