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.
