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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
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
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
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,
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), $8.759.J0.
Rece Dts. Shipments,
V,nrrpl 35.409 '9,900
Wheat, bushels 53,600
Corn, busnels S7,600
Oats, bushels 453,100
Rye. bushels .. 5,000
n).r huahpls 61. 1W
On ihe produce exchange today the but
ter market was firm: creameries, 22g
r ivU-StpadT' at mark cases included,
Jfic; firsts, W'ic; prime firsts, 17
Poultry-Live, weak; turkeys 12c; chick
ens and sprlnks, isc.
Open. High. Low, CIoie.
May July ..
AI ,iv . .
siVt 4 8'
. .. . ,
! 15 90
."k . ..I
15.!J;,:.VN !$!. &
j,(M 15.S7Vi'. .f i'71i
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.
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;
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.
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
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
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,
Oats Stead v: on track. No. 2 cash,
4W-tM2c: Mav. 41c: July, 37C; No. 2
Poultry Firm ; chickens, 1114c; springs,
SOfWSc;- turkeys, WHflS'c; dueks, 12c;
Butter Steady; creamery, 23SK?114c;
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,
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
Oats No. 2 white, 4lc; No. 2 mixed,
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.
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
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
Date 1SW7 130a WU4 laua liw2 iwl
.6.4-1 44tj. 38
. .. 6.51
RANGE OF PRICES.
SOUTH OMAlI, Neb.. April 17.-Rc-ciipts
of live slock were:
Cattle, IIhrx. alieep.
Oltkial Monday . .
Oflklal Tuesd'iy .,
Jvanaas Citv i.OOiito.tU
fct. Louis l.lWu-6-W
Sioux City o.uj.iu
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
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.
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
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
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.
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,,',
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