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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Oct. 6, 1902)
0 THE OMAHA DAILY TtTCEi MONDAY, OCTOBER fl, 1002. LAST PAIR IS CHICAGO'S St. Ltnii Natitotl Dropi Twn Otvti n Iu Owi Field. SCORES! ELEVEN TO FOUR) SIX TO FIVE Cold Wratkrr Make ArcaraU Playing Oat of the 4iritlo aad Attead- Fall Short of T Thoosaad Mark. BT. LOUIS Ot. 6 The National league season cloned hre todny. Chicago defeated Bt. Louis In both games of the double header. Cold weather Interfered with the playing of both teama. Attendance, 1,800. Score, firm asm: CHICAGO. I IT. LOL'IS R H O A K.H O A K. Sl'd. If.. 1110 0 f mnot, rf.... 1 - I O'Nrll. It.... 1 t t Mn. So t Kichnlf. lb... 0 t f 1 Kmit'r. lb... t I t 1 1 pra.h.ir. rf. t I I I I Dnhbs, cf ... 1 fh.nr., lb... 1 Klina. o Tinker. M-lh 1 Strang. 3h-lb hl.nr. Ib-rf t ars. m 1 Wrn. a 1 Moe(M. rf.. 0 1 14 I TV Ilium., aa. 1 S I I a ir, c... i o i I a Hntkntt. p... 1 1 I 1 a 1 Total. 4 10 17 II Total! It II 17 11 t Chicago 00080803 211 Bt Louis 100100004 Earned rune. Bt. Louis. 1; Chicago, 4. Two-baa hlta: Kruger. Kllng, Hackatt. Three-baae hlta: Dobbe, Schlafly. Sacrifice hlta: M. ONell, Ryan, Tinker, Evers. Mene fee. Stolen bases: Smoot, Nichols (3), Blagle (2), Chance (2). Wild pitch: Hack ett Hardy. Flrat baa, on balls: Off Hardy, 1; off Hackett 1 Struck out: By Hackett, t: by Hardy, 3. I.eft on baaea: Bt. I,nuls, 10: Chicago, 10. Time: 2:02. Umpire: Brown. Score, aecond game: CHICAGO. i T. LOUIS. R.H. O A B.I R.H. O.A.I, ai.fl. If.... 1110 OAmoot, ef.... 1000 Dnbba. tf 110 0 OO'N.II. If.... 0 0 10 0 fb.nre. lb... 1 1 lie Rran. ?b o o i i 0 t 0 Mrholl, lb.. 1110 0 W. Willis's, p 0 0 Tinker, m ... 0 0 Strang. 3b.... 0 0 RrblaOr, lb.. 1 0 M.nefM, rf... 1 0 knot, e l i o o Krucer. lb... I I 0 0 0 llr.nbrar. rf. 1 t 0 0 0 l l l tie o Willis's, aal 10 10 0 1 Wr.r. e.... 0 14 10 Wlck.r, p.... 0 0 0 1 4 0 0 Tot. I. 0 U 1 l Totala I 1 1 t t Bt. Louis 8 0 0 0 o $ Chicago I 2 0 0 2 Earned runa: Bt. Louis, 4; Chicago, 2. Two-bun. hlta: Kllng. Blagle, Chance. Sacrifice hlta: Chance, Tinker. Passed ball: Weaver. Stolen baaea: O. Wllllama, Chance. Flint baae on bade: Off Wicker, 4; off Wll llama, 3. Left on baaea: Bt. Louis, 3; Chi cago, 4. Time: 1:07. Umpire: Brown, Standing; of the Teama. Played. Won. Lost PC. Plttaburg 139 103 36 .741 Brooklyn 138 75 63 .543 Boston 137 73 64 .633 Chicago 137 70 67 . 611 Cincinnati 140 69 71 .43 Ft. Louis 134 67 77 .426 Philadelphia 137 66 SI .409 New York 136 48 88 .353 Wlndup ot the aeaaon. ALL-AMERICANS BEAT REDS Cincinnati Crowd Seea Its National Leatrne) Team Defeated It ar row I y by Mixed Visitors. CINCINNATI, Oct. S.-The All-Americans won the flrat of the aeries here today In an exciting game. The crowd held Its seats until the last man waa out, aa the Cincin nati team had a beautiful chance to tie the score In the ninth, but the necessary hit waa not forthcoming. The weatfcae waa too cold for a large attendance, Score: H H E All-Americans 1 0 0011010-681 Cincinnati ....3 00000010 4 8 2 Batterlea: Cincinnati, Hahn and Bergen; Aii-Americans, ternhrdt and Sullivan. GRIFFITH TO GO TO GOTHAM Report Clvea Oat la Chicago that the American Lcaga Will Have New York Team. CHICAGO, Oct. 8. It was stated here to day on reliable, authority that Clark Grif fith, manager of the Chicago American league baae ball team, would go to New Tork next year to take charge of the new elub which the American league forces will place In that city. Griffith's successor In Chicago will be Qeorge Davis, who, before he came to Chicago last summer, was the manager of the New York Na tional league team. Oaawa Horaea Making; Records. ONAWA, la., Oct. 8. (Speclal.)-Frank Tokum, by Parker, i who was bred and owned by Interstate Commerce Commis sioner J. D. Yeomans at the Onawa Park farm, and la now driven by Charlea Doble, won hie race at Woonaocket, R. I., laat week In straight heata, and holds the track record of that place. He now has a record of Alnaworth, another Onawa Park farm pacer, haa reduced hla record to 2:10 flat, and Guy Eaton, who was bred at the same place, acquired a record of 2:1114 at Milwaukee a few weeks ago. This waa hla first year out. Breaks Shot Pat Record. BAN FRANCISCO. Oct. S.-Ralph L. Rose of Healdsburg haa broken the world'a record for putting the ahot, held by Dewltt of Princeton, at the semi-annual field day of the Academic Athletic league. Rose threw the ahot forty-nine feet and alx Inches. Dewltt's record was forty-eight feet and seven Inches. Neither Side Able to Score. CORNINO. Ia.. Oct." 8. (Spectal.)-The Corning High school yesterday played Ita first game of foot ball ot this season, in this olty, with Lenox, resulting In a score ot 0 to 0. The game between Red Oak and the Academy waa postponed on account of rain. No Racing Today. NEW YORK, Oct. 8. There will be no racing on the Metropolitan circuit until Tuesday, when the meeting of the West cheater association opens at Morris park. Extremely Importaat It Tree. 8T. MICHAEL Oct. 8 The L'towsna American auxiliary steam yacht Allison V. Armour of the New York Yachting club wner, has arrived Here. LOST IX JACKSON'S HOLE. Adveatares of a Party Which Drifted Into tho Mysterious Region. Lost for seven days In Jackson's Hole, Wyoming, the supposed abode of outlaws nd desperadoes. Is the thrilling experience related by Attorney Randolph Laughlln of Bt. Louis, who returned a few days ago from a trip through the weat. "Yea. we were loat for aeveral days," said Mr. Laughlln to the Bt. Louis Republic, "but If It had not been for Imperative bus! neas engagements I should not have cared very much. My wife and brother, who were with me. thoroughly enjoyed the experience, and, I believe, ware rather sorry to return to civilization. "We atarted from St. Anthony, Idaho, In the latter part of August for an excursion through Yellowstone park and the region south ot It known aa the government timber reservation and Jackson's Hole, the place where the outlaw, Tracy, .was msklng for when he wss killed. -We finished the park on tourist lines and tsw about all there was to be seen Then ws made arrangements for a guide to take ua through the Jackaon Hole country and return to Bt. Anthony on a 'round about way. We purchased two wacooa and some light tents. The only obstacle waa In securing a competent guide. Finally we got cne, tut at the end of a day's trip a mounted messenger came after him to tell him that hla brother waa dying. "It looked as It ws would have to give up the trip, hut ths guide told us that James Hodge, s man whom we had engaged to act as hostler, was as thoroughly competent to guide us. 8o ws decided to press on with Hodge. I had a good map of the Yellowstone country, through which we had to go. "It was not long, however, before we dia covered that Hodge waa of little use. On September 11 we entered the Jackson Hoi country and there our troubles. If you can call them troubles, began. Of course yon understand there are no roada la that country and had to travel by tralli which at tlmea were hardly discernible. "The Jackaon Hole country la a tract of country about fifty miles wide, entirely sur rounded by peaka known aa the Tltana. Moat of them are much higher than Pike's Peak and continually anow-capped. Our ob jective point wa a trail which leada to pass through these peaks and on back to St. Anthony, where we were to catch a train for home. "After the first day 1 saw that wa were lost and realized that Inatead of a desultory camping trip we would have to apend our time getting out. If my business engage ments were to be fulfilled. The only thing that we could do was to wander eloae to the baae of the peaks, looking for the road. Often we would hare to make long detours to avoid an Impossible pleoe of road and I euppose that we forded on the average ot five smell rivers a day. "On the third day ws met a man evl dently with a past. Ma wt vnry courteous, however, but could not give us the slightest clew to the way out beyond poll ling In a vague way to the direction of where) he thought the state of Idaho waa. I offered to buy some elk meat from him, but he re fused to sell It and gave us all ws could eat His chief Interest In us seemed to center on our gilng away from him. "We followed the unknown's direction for about a day, when our hostler Informed us that he bad thought all along we were go ing the wrong way. Then we met another man. who gave us eipllclt directions, and we finally, after wandering for seven days, came to a pass between the peaks. It was about aa rough a ptsoa of road aa I aver saw, but when after a day's weary travel ing wa reached the summit and eaw far be low the little town of Bt Anthony, the bowlders and Jolts were forgotten. It took us another day to got to Bt. Anthony., and then we had but an hour In which to as sume the habiliments of civilization and catch the trala for home. "However, to prove to you that there was nothing so very awful In my experience, I will amy that I Intend to return to Jack eon's Hole next .year, If possible, as I do not believe there Is a place on thla conti nent that approaches tt either as a place for game or natural beauty. It far sur passes Yellowstone park In every way." RAMSEY Or THE WABASH. Thorough Railroad! Msvn Whew Per sonality la Little Known. The railway world has been following with constantly Increasing Interest the fast fight that George J. Gould fs making to bring the Wabash ' line to tidewater. By reason of this Impending Invasion the name of the Wabash's president Is getting to be familiar outside railroad circles, but not many persons know how Joseph Ramsey came to be the head of one ot the most Important Oould roads. The story goes back , to the early. '90s, when Mr. Ramsey was a hard working rail road man In Plttaburg. . He had to work hard, for he was president, superintended, auditor, engineer, machinist and a tittle of everything else ot a rickety few miles of (ttllroad running out of Pittsburg end I called the Wood'l Run railroad. Thus, by being practically the entire Intellectual and physical equipment of the line, Mr. Ram sey absorbed about everything that Is use ful In the railroad business, and one day he got in opportunity to put ths sura tctal tf his vart experience to good use. A record-breaking flood was, Mr. Ram sey's Incentive to act. While all the other railroad officials were bewailing the fact that no freight could.be moved until tho water had subalded and their tracks were clear one more, Mr. Ramsey hired sev eral hundred men and above the submerged tracks of his own road he built another railroad on a trestle out of the flood's reach. It took him Just two days to rush through the herculean undertaking. On the third he moved freight Into and out ot Plttaburg, while the rival railroaders, with their tracks still out of sight, looked on In dumb amazement. This deed of Mr. Ramsey wss noised abroad through the land,' and the , Gould people heard of him. "We've been wanting good general superintendent for some time," they said, "and we'll go after this man Ramsey who doe . such wonderful things." A committee of prominent Wabash offl-, clals was sent to Pittsburg to see Mr. Ram sey. They went to the Smoky City terminus of the "pig and whistle" line. "Whertril ws And Mr. Ramsey?" they asked. "Out there under that locomotive," was ths reply.. The eminent gentlemen picked their way over ties to a locomotive standing on a sid ing. It was one ot two owned by the road. Underneath the locomotive was a man pounding away at a repair. Pretty aeon the man crawled out and stood before the emi nent gentlemen. He had on overalls and a Jumper that were grimy, and his hands and face were dirty and oily. "Are you Mr. Joseph Ramsey?" asked one of the visitors. 'I am." was the reply. "What can I do or you T" i , 'You can give up your Job here and be the general superintendent of the Wabash," the spokesman replied. "We came over her to look you over and decide about you later. but we've changed our minds. Ws want you right away. An official who1 knows how and Is not afraid to repair bis own rolling stock needs no other recommenda tion." Mr. Ramsey went with the Wabash rail way. Today be Is Its president and lis owner's right-hand man In the battle for a tidewater outlet. - CURIOSITIES OF DIVORCE. 30,000 More Divorced Women Than Men, According to Ofllclal Plgwreo. There are 30.060 more divorced women than there are divorced men In the United States, say ths Now York Sun, the official figures being 84,000 divorced men and 114,000 divorced women. The' disparity Is ac counted for by the fact that men procuring divorces or from whom divorces have been procured more often remarry than the women under like conditions. The number ot divorced men Is Isrgest In Indiana, which haa 6.700. There are more than 4,000 each la California, Ohio, Michigan, Indiana, New York and Pennsyl vania. Texas haa 3,600 and Massachusetts 1.600. South Carolina, tho only state which has no law authorizing or permitting divorcee. haa 275 divorced men among Its residents aud 8outh Dakota, a state which baa be come noted by reaaon of the. facility with which divorce la granted, has 663. New Jersey has, proportionately, a very small number, 750, and Kansas, a much smaller state la population, a much larger number. 2.165. ' In Utah, where plural marriages were tha rule among the Mormons until recent years the number of divorced persons Is 235, a little below the average, and Idaho, with about half the population of Itab and a considerable proportion, of Mormons, haa 460. The state la which there Is ths largest number of divorced women (divorced and not married) la Ohio, with 7.700; Illinois has 7.400 snd Texas 6.100. After Taxaa cornea New York gad then Pennaylvania. Indiana, Michigan, Missouri Maaaachusetts and California. All these have more than 4,000 each. In some of the southern states. Alabama, Georgia, Kentucky, Louisiana, Mississippi North Carolina and Tennessts among them, the number of divorced women at twice as Urge aa tha number of divorced men. MINING IN THE BLACK HILLS Victoria Company it Buiy on Ita fUgged Top fropsrties. OMAHA TEOPLE ARE INTERESTED Located Among Some of the Beat Pro. daeers of the Hills and Prom ises Well New Plants Being Erected. DEADWOQD. 8. D., Ort. 6. (Special.) The Victoria Mining company, controlled by Omaha and Dead wood people, la doing a grest deal of work on Its property In the RRed Top district. The westerly end of the Victoria company's property abuts on the canyon of the Spear fish river and then extends north and east over the great Rag ged Top lime plateau. The property car ries all of the potsdam formation, from the quartzlte resting on the slates, up through the sandstones and the shales to the car boniferous limestone, which la here of great thickness, overlying the potsdam and reach ing to the surfsce. The ground Is thoroughly mineralized, containing numerous small verticals of ore, while float In great quan tities Is scattered over the surface. These Indications apparently traverae the entire group of claims In a southerly direction. Two drifts enter the ground from the side of Spearflah canyon, the upper drift going In on a slight Incline, has developed ore ot a fair working grade which has been fol lowed for a distance of 100 feet. At this distance water has been encountered which has temporarily interfered with work In this drift. At a distance of 1,800 feet easterly from thla drift a shaft has been sunk, which has now attained a depth ot about eighty feet. This shaft Is following down a small vertical of about twelve Inches In width, which Is supposed to be an off shoot from the main horizontal ore body be low, and the Intention Is to follow it down to the contact. The ore which Is being taken from this small vertical Is ot high grade. The shsft Is Intended to explore the ore shoot snd to determine Its extent and qualRy. The pitch of the ore body will bring It in contact with the lower work ing tunnel on the easterly aide of the prop erty when It shall have been driven in far enough, this tunnel now being In 560 feet. The tunnel will drain the ground and give an exit for the delivery of ore to the sur face from all of the ground lying above It. Prodncera on All Sldea. The Victoria ground Is favorably located on one of the great producing belts of the Black Hills. The Cleopatra, a pro. duclng mine. Joins the Victoria's territory od the northeast, and on the southwesterly side It adjoins the Spearfish company's ground, apd the Star group, recently pur chased by G. A. Duncan of Salt Lake City, one of the heavy mine owners of Mercur, Utah. The Spearfish Mining company's ground is on the same ore belt, and In the same lime formation, and has one ore shoot developed for a length ot 1.000 feet and for a width ot 100 feet, on which It la op erating a 300-ton .cyanide plant. The ore in the Victoria Is an Ideal cyanldlng prop osition, and the ore shoots have the same atrlke and pitch those on the Epearfish. The Victoria company Is backed by men of means, who are conservative, and In the management are men whose experience In mining Is large and practical. It Is the Intention of the company to erect a mill on Ita property, which will be located below the mouth of the lower tunnel. In which placo the company owns a mlllelte con venient to the mines and to the water right which It owns on Squaw creek. The ore from the mines can be delivered to the mill by gravity, so the Item of transporta tion will be a small one. .Work on the mill will begin as soon aa good weather opens up next year, but In the meantime the work of developing the property wilt go right ahead. Tha work of sinking the shaft on the Cleopatra mine to the lower contact Is progressing as fast as men can sink It, and the superintendent In charge believes that it will be struck within tho next twenty five feet. The shaft la now down about 250 feet. ttnarter Million of Ballloa. The Imperial Mining company last Wednesday clesned up Ita cyanide plant in the First ward of this city, and the re sult waa exceedingly good. During the month the plant had treated 3,000 tons of ore, which has returned values of better than 36 a ton. The Wasp No. I has pro duced 317,000 worth of bullion for the month, the Alder Creek company about the same amount, the Spearfish company over (30,000, the Dakota company $18,000, and the Holy Terror (20,000, all of which haa passed through the United States assay office In thla city, besides the cleanups from a num ber of smaller plants throughout the Hills. Tha bullion from the mines mentioned Is not ths only gold which Is handled by tha assay office, however, for soma of the larger plants send their gold to the east through that office, and the amount ot bullion which it will ship for last month will amount to something ever 1260,000. The Home Mining company, situated within the limits of the city, Is sinking a deep shaft on a large body ot pyrltlc ore and has the hole down now about eighty feet. The company la installing a steam hoisting plant, which will have a cspaclty for lifting from a depth of 1,000 feet. A pumping plant is already In operation on the ground. A representative of the Colorado Iron Works company on Thursday closed con tract for the erection of a cyanide plant at Pluma for Messrs. Hall and McConnell, who own a largo acreage of tailings which they saved before the Homestske company had put In Its cyanide plant and which carry values ranging from 83 to 36 per ton. It Is estimated that In the pile there are 20,000 tons of tailings and It Is for the pur pose ot working these that the. plant will be erected. The plant will have a dally capacity of fifty tona. The building will be 86x44 feet in dimension. The well known pneumatlo process will be uaed and a twenty-flve-horsepower boiler and a Ley- ner air compressor will be used. Undor the contract the plant must be completed and ready to be put In operation within aixty days. After working over these tall Inga It la the Intention of Messrs. Hall and McConnell to run the plant on cuatom ores Quarries Fifteen-Dollar Ore. The Eleventh Hcur, which Is being worked under a lesse by Madlll & Hizer will begin aendlng down twenty-five tons of ore dally to the Imperial cyanide plant la thla city. This mine Is situated on the divide between Iron and Spearfish creeks snd there will be a three-mile haul from ths workings to the railroad. The ore la found practically on the aurface and occurs In the flat formations; It Is very easily taken out. In fact. It Is being quarried very little mining being done. Tbe ore will average $15 a ton and Is said to be of excellent quality (or cyanldlng. The leasees ot tbe property are now working a force of six men on It, but this number will be Increased and If arrangementa can be made with the mill people fitly tons a day will be shipped for treatment. It la reported that a big shoot of ore haa been found In the Gold Hill property, the deep shaft which haa been going down to the second contact breaking through Into It the first of this week. The property is ownsd by Omaha and Dead wood people and a great, deal of work hag been done on It looking for the shoot ot ore which was struck this week. SHERIDAN. B. P., Oct. 8. (Bpeclsl.) 8. R. Baxter has a large force of men en gaged on the grading for the 100-ton smel ter which he is going to erect for the pur pose ot treating tbe copper ore which he Is mining from the Lillian group ot mines This part of the work Is about completed, and tbe carpenters have already started on the frame of the building. It la expected that the plant will be In operation shortly after the first of the coming year. Beeld's (he men who are working on the smpltlng plant, there la quit a force of men at work In the mines getting out ore. It 1s a copper proposition, and the plant which Is being erected Is a copper smelter. The ground Is situated only a short distsnce from the main line of tbe B. t M. railroad, so that when the machinery for the new plant ar rives It will not have to be hauled far on wagons. The vein upon which work Is being prosecuted Is a very large one, and Is a continuation of the famous Maloney Blue Lead vein, the Lillian being situated to the east and north of that mine, and adjoin ing It. Work on the Maloney Blue Lead, also a copper proposition. It la said, will shortly be resumed, and a shaft sunk on the vein where It is cut In the long tunnel whljh has been run on a ledge, and which was encountered at a distance 1,800 feet from Ita mouth. Some very rich ore has been tsken from this tunnel, but where the vein has been cut by It, It Is not very solid, and the management believes that with a little more depth the solid vein will be met with. Mr. Maloney has spent over $60,000 of his own money In developing this mine, and ha believes that the money has been well In vested. The new work will begin within a week or so. Will Go Fifty Feet Lower. CUSTER CITY. 8. D., Oct. 6. (Special.) The shaft on the St. Elmo mine near Ore vllle, one of the Grants properties, haa now reached a depth ot 100 feet. It la the In tention of the company to drift to the vein when the loO-foot level Is reached. When this connection Is made tbe company will begin to take out and mill ore In the 10 stamp plant that Is on the ground, and which Is now being plsced In good repair. The St. Elmo Is one of the rich small vein mines of the southern Hills, but It Is much larger than the majority. On the Roosevelt group, another property of the Grants com pany, work Is being pushed vigorously. Deadwood parties are putting up a five stamp mill In the Tlgervllle district to prospect some ore from the Judge Kimball property. The ore Is a freemilllng, con centrating proposition, and It is the Inten tion to treat the concentrates by the cyanide process. v Thla work will be In the nsture of an experiment on the surface ore of the Tlgervllle district, and should tt prove to be a success tt will be the means of starting a lot of work on property where every Indi cation is good, but the proper treatment of the ores Is In doubt. There are many good gold prospects in this district. HILL CITY. S. D., Oct. 6. (Special.) Ed Dickinson of the Union Pacific Railroad company, who Is Interested In mining propo sitions in the vicinity of this camp, ar rived over the B. tu M. in his special car. He had a party of eastern gentlemen with him, and the party was taken to the Golden Slipper made by Safford and shown through the workings of that property. Mr. Dickin son la one of the owners of the Golden Slipper, and in ths mine has one of the best propositions In the southern Hills. W. W, Challls, owner of the Chllcoot mine. In the Chllcoot district, will ship two carloads of ore to tbe Mystic cyanide works for treatment this week. This will be first shipment made from the district. The ore is a gold ore, and will assay from $15 to $26 a ton. Should tbe treatment prove satisfac tory other shipments to the same plant will be made. . f. ' Big Business la Land Office. CHAMBERLAIN, S, D., Oct. 6. (Special.) The business done by tbe United States land office at Chamberlain for September la as follows: One hundred and fifty-two original homestead entries, for 23,222 acres; fourteen final homestead proofs, for 2,156 acres; thirty commuted homestead proofs, for 4,401 acres; one final timber culture proof, for 160 acres; two cash sales (Isolated tracts), for eighty acres, or a total of 199 entries and 30,020 acres. For the six months ending September 30 the business was as follows: One thousand three hundred and, twenty-nine original homestead entries, 1 tor 192,727 acres; 120 final homestead proofs, for 18,728 acres; 152 commuted homestead proofs, for 21,707 acres eight final timber culture proofs, for 1,280 acres; eight cash sales of Isolated tracts, tor 470 acres, or a total of 1.607 entries and 234,912 acres. This eclipse by considerable odds the business done dur ing any other six months In the history of the Chamberlain land office. And there Is no sign of a material letup, a large number of homesteaders arriving every dayi Heavy Cattle Shipments. CHAMBERLAIN, S. D.. Oct. 6. (Special.) Stock shipments have been the heaviest of the season during tbe last week, the shipments of the last several days reaching nine trains of 203 cars, or 2,466 head, at an average of $45 per head, being worth $109,- 970. For the next several days shipments will continue very heavy, as the large stock yarda of the Milwaukee company are still full of cattle awaiting shipment. Tbe cattle are all In the very finest condition. Promotion In Weather Bnrcaau HURON, 8. D.. Oct. 6. (Special.) George E. Lawton, observer of tho weather bureau at this point, under S. W. Glenn, Is pro moted to the post of aselstsnt In ths Min neapolis office, and wtth his wife left for their new field of work Saturday. James F. Atherton of Plttaburg, Pa., succeeds to the position In the service made vacant by Mr. Lawton. Bt. Lr.nls Grain aad Provisions. BT. LOUIS, Oct. 4-WHEAT-Recelpts. 112,153 bushels.; lower; No. 2 red cash, ele vator, 67Vyc, nominal; track, 6.(4 9c; Decem ber, 67V4ti7Hc; May, 6Hc; j0, j hard, 67(5 i0c. ST. LOUIS. Oct. 4.-FLOUR-Qulet, firm; red winter patents, 33.26a3.36; extra fancy and straight, 12. 9o&r3.20; clears, $2.80ff2.90. CORN Lower; No. 2 cash, 67c; track. 58Hc: December, SS40c: May, 39Vc. OATH Weak' Ms. 2 Fa.h trmXr SOft.Cc; December, 2c; May, 3uc; No. i Wlimr, oof. SEED Timothy, $2 0fK&3.10. CORNMEAlT-Steady. 32.90. BRAN Strong; sacked, eaat track. C8 70c. HAY Firm; timothy. $9 0013.00; prairie, $7 51X89.60. WMISKY-Steady. 31.32. I RON COTT()NTIp;S 31.07H BAGOINCr 6 6-164J7 l-16c. HKMP TWINE Sc. POULTRY Firm: chlckena. V,c; aprlnga, 10c; turkey a, SViblOc; ducka, young, 11 fee; geese, 5c. BUTTER Steady; creamery, 18S3c; dairy. 16m19c. EGGS Higher at 20c, loea off. PROVISIONS Dry salt meata (boxed), higher: extra shorts and clear ribs, HI 62'; short clears. $12. Bacon (boxed), higher; extra shorts and clear ribs, J12.tS2; short clears, $13. Receipts. Shipments. Flour, bbla 6.0w 10.0n0 Wheat, bu 112, tf 70,000 Corn, bu 5.000 13.(0 Oata, bu 103.UU0 4'J.0u0 Kansas t'lty (iraln and Provisions. KANSAS CITT. Oct. 4. WHEAT De cember. b4Vfc!S64V May. 66i'o6Si,c; cash, sin. 2 hard, 6;c; No 3. ttfiJJttl'rc; No. 3 red. 666c; No. 3, 63g64c. CORN October. 594 c; December. 8c; May. 37Vb3;V-; cash. No. 2 mixed, 5bc; No. 2 white. 62c; No. 3. 61c. OATS No. 2 white. 65t!i6Vie. RYE No. 2. 4.lc. HAY Choice timothy. $9.5tS 10.00; choice prairie. jl -j in Ou. BUTTER -Creamery. 19320c; fancy dairy, l&c. EGGS Firm; fresh Missouri and Kan sas stock. 17 ic uer tin, tuts art. cases returned. OMAHA LITE STOCK MARKET lif Hump ia Oows, Choice leaf aid Faederi Havs Not 0hani;t(l kneh. HOGS A LITTLE LOWER FOR THE WEEK Fat Sheep aad Lambs Aro Ateatly to Strong as Compared with Last Week, bat Feeders a narter Lower and Kwes Fl.ty t ents. SOUTH OMAHA. Oct. 4. Receipts were: Official Monday Official Tuesday urhcial Meunesday. official Thursday.... Official Friday Oiucial Saturday.... Cattle. Hogs. Bheep. .l'i.UH il.iul ls.Srnn 3.11 11. M 3.-'K3 &M4 i.m u.ai 2.4U 1.3"0 Total this week 39,049 16,9a 6S.2ii Week ending Sept. 27....36.Ai7 23.W1 6".6.S Week ending Sept. IW....44.4:'4 . S,imi Week ending Sept. U....Z.4 uaJ io.lut eea ending bept. 6 2o..tl7 19.C6& ou.J-S Same week Inst year 2i,3S 3o.ito KkCElFl'8 FUR THE YEAR TO DAlii. The following table shows the receipts of cattle, hogs and sbeep at South Omana for the year to date and comparisons with last year: 1902. 1901. Inc. Dec. Cattle f,i79 577.S4& 113.134 Hogs 4.767, 7 1,774,460 11.77a Sheep 1.067.324 96,725 130,699 The following table shows the average price of hogs sold on the BoutTi Omaha market the last several daya, with com parisons with former years: Date.. 1 1902. 1901.1900.1189.1S98. 18t7. U94. Sept, 15. Bept 1. Sept. 17. Sept. 18. eept. 19. Bept 20.. Sept. 21.. Sept. 22. Sept. 23., Sept. 24., Sept. 25., Sept, 28, Sept. 27., Sept. 28., Sept. 29., Sept, 80., Oct. 1... Oct. 2... Oct. 8... Oct. 4.... I 7 49 I Slftl (SS 7 SIS 7 Z2Vb 7 14V, 7 20", 7 801, 3 86 3 94 91 I Vi 2 97 7 SZV4 3 73 Indlcstcs Sunday. No market. Uhe official number of cars of stock brought In today by each road waa: Cattie.Hogs.Sh p.H ses. C M. ft Bt. P Union Pacific System. C. & N. W V., E. & M. V C, St. F., M. at O.... B. dt M. R C, B. & Q C, R. I. & P., east.. 10 Total receipts 18 39 6 16 The disposition of the day's receipts waa as follows, each buyer purchasing the num ber of head Indicated: Buyers. Cattle. Hogs. Sheep. Omaha Packing Co 4X2 .... Swift and Company 686 89 Cudahy Packing Co ; 662 .... Armour & Co 2 l.ldS .... Other buyers 8 .... 672 Total 10 2,899 661 CATTLE There were not enough cattle here today to make a test of values, but for the week receipts have been about 'the same aa for last week, and a big Increase Is noted as Compared with the correspond ing week of last year. The table of re ceipts above will show the exact figures. In spite of the big runs all the week there have been very few cornfed steers on sale. In reality there have not been enough to tell mucn about the true condition of th market, and about all that can be said Is to call prices about steady with last week. Packers seem t want the better grades, but the warmed-up and common kinds are neglected, as they come In competition with the westerns. The supply of cows hss been very large all the week, not only here, but st other points a well, so that the tendency of prices has been downward and the decline for the week amounts to from 35c to 60c. Some of the strictly choice kinds are, per haps, not over 26c lower, but there are so few of those coming that not much can be told about them. The medium claas of cows have suffered the worst, but the gen eral market is best described by calling It 3660c lower. Bulls and stags have, of course, felt the effects of the decline on cow stuff, but there have been so few veals offered that there has not been much change on them. A heavy proportion of the receipts all the week consisted of stockers and feeders, and the quality was nothing to brag of. There were none too many of the good to choice kinds to meet the demand, and auch kinds are very little. If any, lower than they were a week ago. Prime, heavy, dehorned feeders may be quoted ateady. Common cattle of all weights are safely 25c lower and common yearlings are aimost unsala ble. Prime yearlings, though, have been in pretty good demand. The decline In ? rices has naturally atlmulated the demand rom the country, and a good many cattle have been going out all the week, but still there are a pile of cattle still in specu lators hands. The most of the western beef steers that have been coming of late have been rather Inferior In quality. Oood cattle have sold well most all the week and trices may be quoted fully steady with tne close or last week. Tbe common to fair cattle, though, are a little lower, aa there have been ao many of that class offered that packers have had an oppor tunity to pound the market. Range cowa have broke In bad shape and may be quoted S6i40c lower than a week ago. It now takes a choice bunch to bring over $3, and the top for the week was 34. Good west ern feeders are steady to a little lower, but the general run of stockers and feeders are fully 25c lower. Representative salea: HOGS There waa another light run of hoaa here today, and as the local demand waa In good ahape the market opened fairly active and ateady to strong, ine duik or the aales went from $7.80 to $7.36, and a few choice loada went above that figure. As there were only about 37 loada on sale It waa not long before practically everything was disposed of. Aa the sverage waa a ahade higher than yesterday, the week closed with prices Just about where they were on Monday, or only a shade lower than a week ago. On Tuesday and Wednea day the market broke In bad ahape, but the light recelpta since that time have given prices an opportunity to recover. The receipts for the year to date now show for the first time this year a decrease as compared with the corresponding week of last year. Bo far the decrease amounts to 11,773 head. Representative sales No. ll.. 71.. 70.. 64.. 10.. tt. . 61.. 61.. !.. I., 44.. .. 71.. 6. . 17.. 4.. It.. U.. II.. 0.. 64.. AT. . SO . 1 8b. Pr. ... 6 tt ... 00 No. At. 8h. Tt. !.... tt.... to St.... 4t.... 71.... 44.... to.... 67.... 66.... 1.... J... 70.... .... St.... .... 74.... !.... 70.... (0 U... 71... 71.... ...10 ... 70 ...161 40 7 10 . ..311 ISO 7 10 ...tit 110 7 !2'4 ...!47 40 7 llSi ...l7 so 7 124 ...tit IK 7 12 H .1M 1 16 ....10 ISO T M ....130 130 t nvt ... !M 10 1 17V ....III 40 T to ....171 10 1 10 ....Ml 40 T tot tO 1 80 . ...m too t to ....aoo no t to ... m 40 T to ....161 ... T to ....167 4 1 10 .MS ... 7 13H .M7 SO 7 ll' .2M 40 7 lt4 .IDS 130 7 liVt .177 .224 80 7 tt . ltO 7 It ' 260 40 7 U ..Ml 1(0 7 ti ...Ml ISO 7 10 ..171 10 7 16 . 2M 10 7 a ..lit 0 7 16 ..127 120 7 U ..Hi IN III ,.1M 40 7 !7V ..lit . . 7 174 ..110 It 7 40 .170 so T 10 ..tot .170 ..17 .161 ..MO ..Ml 0 T 10 40 7 M 1(0 T 10 1(0 7 10 10 7 tt 1 41 W 7 W 40 7 M n SHEKP-A few cars of ewes arrived this morning, but. as Is apt to be the case on a Saturday, packers did not take hold with much life. For the week receipts have been liberal, a good gain having been made both over last week and the corresponding week of laat year. Although recelpta have been liberal, the supply of fat stuff haa been comparatively light and the market on the better grades or tat aneep may saieiy w q uuicu mvuy Kf iimhi of arood ouallty are. If any thing, strong. The commoner grades of killers, though, sre slow and weak. The feeder market has taken a tumble. The atrlctly choice offerings nave eold very Utile lower, but only a few of that descrip tion arrived, the great bulk of the receipts being common to fair In qualltv. That claaa of feeders have aold easily 2oc lower than a tru ago ana 01a ewes nave oe- cllned 254)60c, oiintatinns: flood to choice yearllnga, $3.76j4.00; fair to good. $3.5orq3 70; good to choice wethers. $3.2:(3.50; fair to good wethera. L'.Ouii3 25: choice ewea. 83.0003 26 fair to arood ewes. I2.6i2.90: good to choice lamba. $4.754j5.0O; fair to gooif lambs, $4.5" 4 76: feeder weiners, sj.wjih ia nmcr year. linns, .iru tv , irtu.i , ---'-,.. cull lambs, 12.0otj3.OO; feeder ewes, $1.5041 2.00; stock ewes, $2.60j3.26. Representative oales: . No. Ay. Pr 1K3 feeder yearlings 63 8 8 Idaho feeding ewes 0 1 00 1SI feeding yearlings 53 3 00 68 Idaho yearlings 80 3 10 74 Idaho yearlings 85 8 10 glows City Lira Stock Market. SIOUX CITY, la.. Oct 4 (Special Telegram-) CATTLH Receipt. 100 head; 7 (7 I 6 091 4 33i 3 73 3 87 3 70 7 64 6 671 I 4 341 8 68 3 at 3 73 7 42 6 62 5 13 3 68 3 86 2 66 7 43 ft 76 6 131 4 33! IH n 7 37H 6 19 4 S3 3 74 I M 7 38Va 771 6 321 4 811 3 711 4 031 ( 6 231 4 31, 3 71 4 01) I 83 I I 6 211 4 361 1 TAt 1 XSI 1 81 ; 4 41l 3 771 3 7t 2 as 1 0.1 6 i i 14 3 77 3 nV PI 7 66 8 6 16, 4 41 3 82 2 80 7 87 6 75 6 16 4 Si 3 71 2 S3 7 !4V 6 79, 6 IS 4 3u 3 72 8 78 I 6 81 6 16 4 441 3 64 3 83. 8 89 6 17 4 871 8 64 3 81 2 91 (87 I 4 86 8 67 3 Ml 2 97 6 76! 6 13 13 71 1 ob o is s w a l 6 69 6 19, 4 42 i 3 66 I B b 6 2l 4 87 3 64 S3ffi2;tLEWS COMPLIMENTS SHAW an1 calves, 12 yUM.PO. HOGH Receipts. 1,60 head; 1e higher, selling at $7.b'7.35; bulk. 87.20fj7.25. CHICAGO LIVH STOCK MARKET. Light Receipts, with Meady Prleos for CHICAGO. Oct. 4. CATTLE Receipts, ft head, all westerns; steady; good to prime steers, nominal. $7,6018 40: poor to medium. 83. Tnfj 6. 75 ; stnekers and feeders, 82 i:.VH4 9; cows, $l.26tr2.su; heifers, f 2 ttvtf 6mi; canners, $1.ZV(2 .to; bulls, 3-'.00'(M.6: calves, t:U'u i.fXi; Texas fed steers, U.WHl 4.6t'; western ste rs, 3-1 6KB'..75. HOGS Receipts, 6,(M head; estimated Monday, 2i,(K head; left over, 8,(Ki0 head; strong to i." higher: mixed and butchers, ;.a.f i.8i; good to choice heavy, $7.4Hj ;.; rougn heavy, 36 9ii7.tO; light, $7.15a7.66; bulk of sales, t7.2bjj7.45. SHEEP AND LAMBS Receipts, ,100 head; steady: good to choice wethers, $3.!ty 4. lair to choke mixed, $2.5(ji(.60; western sheep, $2.6iVii.'l.8U; native lambs, $3.o"iiX.7a; western lambs, t;l.768'o.l6. Official yesterday: Receipts. Shipments. Cattle 2,9"0 4.5W ItoKa 11.S42 2.1.9 Sheep 9,168 11.157 Kaaaas City Live Stock Market. KANSAS CITV, Oct. 4. CATTLE Re ceipts, iM head: mnrket unchanged: choice export and dressed beef atenrs. $7.0oj 7.9; lair to good. 4..V'n;.fc"; stockers and I ord ers. $2.t'ut.6j; western fed steers. $2.9i"u 4.41; Texas and Indian steers, $2.2ivu36n; Texas cows, 31.fcHj-2.36; native cowa, tl.ouay 8.50: native heifers, $2.004.25; canners, $1.00 tpl. 90: bulls. $2.0u3.o0; calves. U.iitfo.M. Receipts for week: Cattle, 82,8uo head; caives. 7,4ii0 head. HOUS Receipts, 2.760 head: market steady to strong; top, S7.8o: bulk of sales, 7.22Hif 7.80: heavy, , 20ri7.26; mixed packers, j7.30; light, 17.2.B7.30; yorkers, l7.27H4r7.30: pigs. Iii.uutf7.10. Receipts for week, 67,KoO head. SHEEP AND LAMBS Recelpta, o0hesd; market steady; native lambs, $3.20qj4.10; western lambs, $3.U034.76; native wethers, 82.9n4f4.00; western wethers, $2.603.90; fed ewes, $2.904i8.8n; Texas clipped yearlings, 2.1.o3.70; Texas clipped sheep, $2.75(f3.iO; stockers and feeders. 12.0Uif3.06. Receipts lor week, ou.HO head. New York Live Stock Market. NEW TORK. Oct 4. BEEVEfl-Recelpts. 42 head; dressed beef steady;' city dressed native aides, 74jl2c per lb.; Texas beef, &? 64c. Cables last received quoted American s leers at 12(8 14c, dressed weights; refrigera tor beef at 12c per lb. Exports today: Beef, partly estimated, 600 head beeves, 8,400 quarters of beef. C A L. V E8 Receipts, 61 hesd, being 1 csr of westerns; city dressed veals, l(X13c. per lb. HOGS Receipts, 1,891 head. SHEEP AND LAM US Receipts, 1,448 head; 6Vi cara on sale; sheep, steady; lamba slightly firmer; pens fully cleared; sheep sold at $3.003.60 per 100 lbs., a few at $4; a bunch for exuort at 84: culls, $1.75; lamba. $5,764)6.90; dressed muttons, extreme range, bVa'ic per lb.; dressed lamba, general sales, Vi4jl0c. St. Loala Live Stock Market. ST. LOUIS, Oct. 4. CATTLE Receipts, 1,300 head. Including 1,200 head Texans; market steady, but with pnees lower than last week; native shipping and export steers, 34.2n4i6.60; dressed beef and butcher Btecra, $3.6o4i6.10; steers under 1,000 lbs., 33.00 4J6.6S; stockers and feeders, 82.664iM.40; cows and heifers, $2.2i4i4.65; canners, $1,764)2.60; bulls, $2.15aa.25; calves, $3. DOS. 75; Txas and Indian steers, $2,404(4.35; cows and heifers, $2.3093.50. HOGS Receipts, 1,500 head; market 64f 10c higher; piga and lights. $7.0067.40; pack era, $f2.r4j7.60; butchers, $7.3lKB.7.8.. SHEEP AND LAMBS Receipts, 1.200 head; steady; native muttons, $3.253.90: lamba. 34.ut&o.&6; cutis anu ducks, shinny 4.00; stockers, $1,304)3.00; Texans, $3.254j3.7U, St. Joseph Live Stock Market. ST. JOSEPH. Oct 4. CATTLE Receipts, 1,614 head: steady; stock cattle lower; na tives. 84.0CNS7.90; cowa and heifers, $2.0"4j) 6.75: veals. 12.7541 6. 00; bulls and stags, $2,250 6.76; stockers and feeders. 32.004jH.60. HOUS Receipts, i,w neaa: oc mgnar; Uglll KJ1U USUI III I AU, fl.ouu ,.tu, .iiuv., u .,. and heavy, $7.2547.40; pigs, $4.154jj7.1s; bulk, $7 0. . . . BHCKf amu lAilisa tteceipis, w neaa; steady. Stock In Sight. Tha following: were the recelnts of live stock at the six principal cities yesterday; Cattle. Hogs. Sheep. Omaha v 304 2.406 1.3' 0 Chicago ... 200 6.0U0 t,b Kansas City wJ z.iou w Bt. Louis 1,300 1,600 1,200 St. Joseph 1,696 1.209 460 Sioux City 100 1.600 Totals. ..4,460 18,364 8,860 London Expects No Further Rise. LONDON. Oct B While the rise of ll per cent on the bank rate of discount last j wee I1BU a rcuanurmp cueui m ah cnii- mental sense, It had little practical result In either direction on actual business on the monev market or the Stock exchange. The consensus of opinion from the British standpoint Is that the governors ot the Bank or tngiana actea wiaeiy in raising the rate to 4 Per cent and that they have at present complete control of the money market and that last week's action In creased the likelihood of their retaining It by preventing heavy gold shipments. No further rise In the rate Is regarded aa Imminent. The change made no appreci able difference In money rates on the open market, which are a shade easier. 1 ne American monetary situation continues to overshadow all other Influences on the Stock exchange and every department of the exchange is taking Its cue from the prevailing moods of Yankee railroads. Severe flilrrles over the exciting reports of tha New York stringency and the effects of this on stocks in the market here has become calm again and dormant again, with respect to nearly all Investments save American railroads, ana dealers are more nd more shy of these on account 01 ap- nrehenaons of Increasing manipulations in New York. The recent scare of British railroads haa aucceeded ine cringing aoout a return of confidence In some Quarters. but the public Is not In a speculative mood. Disappointing; Cloth Market. MANCHESTER. Oct. 8. Last week was s disappointing one In the cloth market. Negotiations were often fruitless and buy ers throughout were not disposed to an ticipate wants. The China demand was small, supplies recently purchased being apparently sufficient for the present re quirements. Makers of China standard are encouraged, oners irom inuia were tuny numerous, but were most impracticable. Consumers seemingly anticipate a decline In prices or which tnere are at present no signs. Makers have no margin to concede. The miscellaneous South American and Levant trades were moderate, rams were In ateady Inquiry, althouxh there was not the average turnover. Several Important Unea, however, were entered. Sngar Market. NTCW TORK. Oct 4 SUGAR Raw. firm: fair refining, 3c; centrifugal, 96 test. 3 8-16c. Molasses sugar, 2c; refined, unsettled: No. 6. 4.15c; No. 7, 4.1oc; No. 8. 4.05c; No. , 4c; Kn 10. 8.9ne: No. 11. 3.90c: No. 12. 3.85c: No. 13, S.8uc; No. 14, 8.75c; confectioners' A, 4.60c; mould A, 4.90c; cut loaf, 6.15c; crushed, 6.15e; powdered, t.iuc; granuiaioa, t.ooc, cudos, 4.90c. Philadelphia Prodaeo Markot. PHILADELPHIA, Oct. 4. BUTTER Quiet; extra western creamery, 23c; extra nearby prints, 24c. 1 EOUg JJUli; western, Uftc; aouuiwestern, 214j'2mc; southern, 20c. CHEESE Steady; N few Tork. full creama, prime small, u-tize: .-New xork full creams, fair to good, UWUc. Minneapolis Wheat Floar aad Braa. MINNEAPOLIS, Oct. 4-WHEAT-Da-cember, 66V:; May, 68c. On track: No. 1 hard, 69Sc; No. 1 northern, Vtc No. $ northern, 6c. FLOUR First patents, $3 9034.00; second patenta. 13. 76 fi 3 80; first clears, $3,0543.16; second clears. 32 60. BRAN In bulk. $lt60811.76. Toledo Grala aad Seed. TOLEDO, Oct 4 WHEAT-Dull. lower; caah, 73c; December. 73ic; May. 74c. CORN Active, easier; .December, 46!4c; .lay 43c. Oa'ts Oulet; December, 3C4c; Msy, 84c. SEED Clover, active, ateady; October, $6.30; January, $6.20. MHwunkoo Grain Market. MILWAUKEE. Oct. 4. WHEAT Market higher; No 1 northern, 70Hr; No. 2 north ern 7144i'7214c; December, foSftlSe. BARLEY Firm; No. 2. 72c. CORN-December, 4Hc M.-B Rick la th pur bop flavor. Bottled only at th Brewery. Ta 4aisricss Brewing Co., C Lauls, Ma. Prtmpt Actiei ( Eecraurj Ararva All Danesr tf t lanio. RESULT OF DEFECTIVE CURRENCY SYSTEM Strictly a Flaaaelal Sqnall aad Has Its inception in Specalatlon aad Heavy Dlnrnontlna ot Prosperity. NEW YORK, Oct. $ tSpeclaI.)-Henr3 Clews, In his weekly Wall street letter, says: Wsll street passed through a sharp crisis this week without disaster. Hold and un expected action by Secretary Shaw in re lieving the banks from keeping a reserve In government deposits and 111 accepting other security tor government deposits than United Stntes bonds unquestionably saved the stock market from panic. While some objection has been raised aa to the legality of the secretary's action, none has been heard as to the expediency of these two entirely new rulings. We are burdened with a poorly devlsen treasury and cur rency system, which always works badly In emergencies, and the secretary deserves praise rather than criticism for endenvor Ing hla utmost to counteract Its HI effects. The true remedy for such emergencies, as repeatedly urged in these advices, Is In telligent reform of our currency snd fiscal systems. Buch responsibilities as Secretary Shaw met In regulating the money market ought never to be Imposed upon any gov ernment official. Even under secretaries of the greatest acumen and integrity tha business Interests of the country and pres ent methods are exposed to the uncertain ties of a single mind, no matter how wisely that mind may act, and rightly or wrongly there is always the fenr that such a mind mny lark correct Judgment or be unduly Influenced. This element of uncertainty la Infinitely greater than would be possible under a system where tho extremes in tho money market were regulated by natural means which trained observers could meas ure. Instead of artificial menus the effici ency and timeliness of which tan never be foretold. Secretnry Shaw merely did the best he could to correct the bad work ing of a defective system in an emergency; It Is now the duty of congress to modernise that system and save the country from a repetition of such experiences as those ot last week. Money Supply Inadequate. These defects, however, simply aggra vated the crista In a serious manner; they did not cause the crisis. That had Its be ginnings In tho tremendous growth of busi ness, In the great advance In values. In the locking up of large sums In big com bination schemes and new enterprises, and In Stock exchange speculation 011 the hUh level. Meanwhile, the supply of money haa not grown In proportion to demands, and the country was doing too large a business upon Its existing capital. Either the latter must expand or the demand must be forci bly contracted somewhere. There was no available source of prompt enlargement of our capital to meet the legitimate and Im paratlve demands of crops and fall trade. Our bankers had borrowed In Europe ns far as possible; several hundred millions of French. English and German funds nre now employed In this market, the string ency, as fully expected by experienced men, became heeji and at this point treasury absorptions intensified the difficulties and almost precipitated a panic, which would have had serious consequences but for the secretary's timely action. It was perfectly plain, however, that liquidation must come somewhere; that somewhere of course fall ing upon weak speculative spots. Funds on call employed in carrying lightly mar gined stocks were withdrawn for mora legitimate purposes the banks wisely de ciding to stand by their regular customers and mercantile borrowers. The business and Industrial Interests have not suffered by the recent break In Wall street. These It ehould be understood ore In perfectly sound and satisfactory condition. Recent violent disturbances Indicate no derange ment of general trade and no over exten sion of credit except In Wall street. Result of Specalatlon. It wss strictly a financial squall; the result of excessive stock speculation, and not likely to cause any serious outside de rangement, although some heavy losses were Incurred by some of the bolder and loss experienced operators. Nevertheless, the abrupt declines of the last few days will prove a much needed warning to the over confident. Prosperity Is carrying a heavy load; It has been largely discounted by the farseelng men at the head of tha numerous enterprises and schemes now In course of development. We may have a better market later on, but for the present values are exceedingly unsettled. Perhaps the most acute stae in the money market has been passed, but high rates and more or less stringency muBt be expected for several weeks to come. No safe bull mar ket need be anticipated until the return of currency from the Interior can be safely calculated upon. The coal strike is, of course, an unfavorable element In the situ ation, though Its effect upon values has been remarkably slight. Very soon the elections will be a feature. This may be regarded as an off year, hut a new set of Issues are coming up for discussion, chiefly those ot an economic and social character, and the Industrials are likely to be especi ally sensitive to such movements. Shaw Saves a Panic. The situation haa been saved from panto by the nation having an able and self reliant secretary of the treasury, who has tho courage of hla convictions and hs dared to act In time of emergency, a quality which has been lacking with a majority of secretaries of the treasury since the time of Salmon P. Chase, the great and emi nently successful war secretary. The pres ent secretary has shown in his efforts to remove the stringency of the money mar ket, occasioned by the great prosperity of the country, confidence In his own financial ability, and finding one method after the other unsuccessful was quick to select others until the work of saving the country from a panic has now been accomplished, all due to his sagacity, Hlertfulness, cour age and good business judgment. The hanks are now relieved from keeping a reserve on government dioslts. and they are also enabled to furnish collateral against their deposits other than United . States bonds. This ought to be ample to very soon afford relief and adjust the money situation to meet the demands for crop moving and other legitimate lluslness uses. German Lenders' Hold Faat. BERLIN. Oct. 6. The Increase In the rates of discounts here and In Indon last week only allghtly affected the security market, nor did the week's events In WaM street exercise a permanent Influence on It. The influence on the rate of discount by the Relchsbank was due principally to the unusually bad atatus made public Septem ber 80, and Indirectly to the action of the Bank of England and to the New York demand, which made lenders less Inclined to place money. The heavy pressure on the Relchsbank was partly due to the belief that an Increase In the rate of dis count was Impending and borrowers hast ened to supply their wants at the old rates. At a meeting of the central com mittee of the Relchsbank held yesterday Dr. Koch, preslde.nl of the bank, said that the fact that the situation In Wull street waa still not clear was one renaon for raising the rate of discount. The situation on the open market is Improving and the. private rate of discount has receded since the settlement and money on call has dropped to 3 per cent. The tendency of the security market last week was quiet and values were fairly well maintained. Domestic loans were Inactive, several for eign rentes were strong, especially Span iards, which continue In unusual fsvor, Paris buvlng all that Is offered. Iron shares were mostly lower during the week. In spite of reports of Increasing exports of rails to the United States. A reduction In the price of rolled wire, added to previous reductions, together with the penslmis'lo tone of annual statemnta now being pub lished, had a depressing effect nn Irons. Coal shares were hetter as a result of the cold weather and the announcement that the actual restrlct'on ef the coke syndicate was 20 per cent during the month of Sep tember as against a nominal reduction of 27 per cent. Other Industrials were dull and somewhat lower. Bank shares weak ened. Report of Bank ot Spain. MADRID. Oct. 6. The report of the Bank of Spain for the week ended yesterday shows: Gold In hand Increased 3'9.noO pese tas, ellver in hand decreased 3.3.'i3.if in-n tas and notes In circulation Increased 16 2S5. 000 peastas. Gold was quoted yestvrday at 33 68.