Omaha daily bee. (Omaha [Neb.]) 187?-1922, June 26, 1910, EDITORIAL, Page 12, Image 20

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    1?
TUB OMAHA SUNDAY BEE: JUNK 2f,. 1010.
'f
(.RAIN AND PKUDICL MAUKET
Jio General Rains as Yet in thi Spring
Wheat Belt.
CORN BELT IS NOW RELIEVED
Urilrra Krkmk la Ultra a lifnfr.
tea tmnklai Hkral Opras
I inrr ea Frail t Taklaa
talaea Ara Firmer.
OMAJIA, Juna lii, 1:10.
:.'. (initial rains ss yet lii Hie sprinf
wneat belt. Only lighter scattered showers
.ind propects ara lor inura dry weather
lolloping.
I'smaglng reports are very numerous, the
most ni-rlvUD coming from Houtb. Dakota.
Present damage by the drouth estimated
I'roni lii tu 50 per tent.
The corn belt has been relieved of the
extreme dry conditions, particularly la Ne
braska. Bhowers were fairly general In the
western portion of the state. A more active
-ii -h demand la evident and prices firm.
Wheat opened Blight ly lower on proper
taking sales, later reports from tha north
west were more bullish than ever, und
v.i lues firmed up and clored well ove.' ie
trrday's close.
Corn held llrni again, with the strength In
wheat. Weather conditions are some Im
proved, but prospects are not good tor
iiny material relief from the prevent dry
weather.
Primary wheat receipts were 4r,t,00O bush
pis and shipments were 178,000 bushels,
against receipts last year of 118,000 bushels
und shipments of 406,000 bushels.
Primary corn receipts were M9.000 bush
els and shipments were 6G3.0O0 bunhels,
iiKatnat receipts last year of 4.15,000 bushel
and shipments of 419,00(1 bushels.
Clearances were 142,000 bushels of corn,
hone of oats and wheat and flour equal to
KM'JO bushed.
Liverpool closed S'id higher on wheat
und r,d higher on corn.
Local range of options:
Articles. Open. High. Low. Clone. Yes y.
I
m
I
pi
DO
60
M'4
S7
SO
I'D I
M -i
37' i
.
W I
56 '
!itil
at
Omaha Cash l'rlcea.
WIIKAT-No. 2 hard, 9ti:'Sc; No. 3 hard,
M'uMc; No. 4 hard, wsjHlc; No. i spring,
!Mj!f7c; No. a spring, HOGi'j.le; No. 2 durum,
m'i7Hc; No. 3 durum, 70ii77c.
CORN No. 2 white, t;-"c: No. 3 white,
Cl'U'rtW. No. 4 while, UMt lii ',jc ; No. 2 yel
low. bi'sG&Mc; No. 3 yellow. &7pvjoc; No. 4
yellow, IioOiOlfMiC; No. 2, &7U.e; No. 8, 57
utvtv; No. 4, 5j'.iIi4c; no grade, 4(Xjjfc.
OATS Standard, 37c; No. 3 wnlte, 36Mt
frHic; No. 4 white, 3t) WWc ; No. ii yellow,
6'ti3Hc; No. 4 yellow, 33'a361o.
BARLKY-No. 4, 444(.4fac; No. 1 feed, 420
41c; rejected, ,J'j41c.
1IYK No. 2, ii'u.73e; No. S, Klc.
l.MI.Mt Sev-.-liltS.
Wheat. Corn. Oats
Chicago 14 J0 HO
Minneapolis . 2a)
Onutnu 4 41 7
Duluth 4t)
CHICAGO G11AI.V AMU PROVISIO-M
Fealnrea of the Tradlntr and tlonlnar
l'rlcea 011 Hoard of Trade.
CHICAGO, June 25. I'routh ihimafcro to
spruiK wheat l.i the northwest was toduy
declared irreparable for at least a quarter
ot a crop. An expert for one of the leading
1. tins here liinue th9 assertion in a teie
Kiani from llillsboro, N. 1). Pessimistic
reports from lnvestigaiors for other promi
nent houses Joined 111 causing unusually
active iiuying lor a Saturday session. In
consequence tho closu was shook at prac
tically the top price of the nay, witu
net mains of '"d'AC The wuidup lor corn
showed an advance of 'vic aim in oats a
shade to c. Provisions unisheU uuchaugeu
to 6c higher.
I'niike the Injury to winter wheat In
Kansas the deterioration in the northwest
was alleged to be of a character from
which In the nature of things recovery to
u laiK extent was not merely improbable,
but Impossible.
Purchuses Dy one local trader alone ag
gregate. l,OU0,0U0 bushels. An authority at
J'uluth went on record with an opinion that
the estimated 25 per cent .'rrepurable dam
age in the i'ukoias and Minnesota would
unquestionably be added to by uny contin
uation of hot dry weather.
Reports of rains led to weakness at sev
eral Maizes during the day, especially at
vthe start, but did not count permanently
us against an Idea that the total precipita
tion for the week hud not covered more
than a fourth of the spring wheat acreage
tjils side of the Canadian line. September
ranged between Hic ana Kti-Nc, closing Wo)
c up at to&Wc.
September corn varied from 60c to 6114c
and closed at net gain at tile. The cash
market was steady; No. 2 yellow closed at
til'4(i(lC.
September onts fluctuated from 3Sc to
Xc and in the end were a shade higher at
VS'fi 3S-V.O, held buck by profit taking.
Fairly liberal shipments of lard, the
grain strength nnd scarcity of speculative
offerings made hog products firm. The net
advance, however, was Insignificant.
Ltudiug lUiuita rangeu as loiiowa:
V,Tieat-
July... SO',1
Sept... I
Corn i
July... KT,
S.pl. ,. 66-S
Oat i
July... W
ept...
Articles. I Open. High. Low. Close.) Yes'y.
Wheat- i j j i
July !, I 97V4 sss'-ei'4 PSH
Sept. y7'f 9t, 7lti(a98818V
l-c- !liWV W'al IWVsiWrWiva.Wiw
Corn 11.11
July 53irj Vi 57ii .W'il 597i!
eiept. IBOVi-'il til Sal '1 61 60
Umu. iobSa'Ual 504 1 oVil '' WW
Outs 1 iii
July. I S' 40! ' 4H40'i37T.f40
Supt sk4-.i sniam4ti an
fee 'JHWa 40'sj ay-jisjii o-,
loi k 1
July 23 37'4 23 ITS! 23 S5 23 40 23 35
Sept. 22 50 I 22 U2'fc 22 60 22 50 22 50
Laiu 1 1
July 12 45 I 12 47M, 12 45 12 4") 12 40
Sept. 12 40 12 471 12 40 12 42 12 40
Rlb III
July I 12 90 12 824 12 90 12 924 12 S7V4
Sept. j 12 50 I 12 &2',i,l 12 474 12 47a, 12 47',,
No. 2.
Cash quotations were us follows:
FLOUR Firm; winter patents. 4.5O'y4.90;
whiter straights, $l.20m-i.7u; spring straights,
f. iy.j 4.70; bakers, 4U.bOy5.1V.
RV1 No.-2, 7tic.
UA RLE Y Feed or mttintf, liidc; fair to
choice malting, 5"uti5c.
S1EIS Flux, No. soutliweetern, $2.03;
' No. 1 northwestern, 2.13. Timothy, JI.50.
Clover. $11. SO.
PROVISIONS Pork, mess. per bbl.,
S:'::.024''23.75. I.urd. per 100 lbs.. 112.474.
Short ribs, sides tloosei. i:i. l-"'tj 13. 50; short
clear sides thoxed, $14.O0'.U14.25.
Total clearances of wheut and flour were
etjUttl to 93.000 bu. Primary receipts were
4.t,oo0 bu., compared with 21S.O00 bu. the
corresponding day u, year ago.
Kstlniated receipt lor .Monday: Wheat,
jj cars; t urn, yjf cura; oats, itu cars; hogs,
2,.ou0 head.
ChicuKo Ciuh Prices Wheut: No. 2 red,
$1,0211.04: No. 3 red. 97c4i1.01: No. 2 hard.
S'ltcji$1.01; No. 3 hard, Wyi'lc: No. 1 north
ern spring, tl.OUdi 1. 10; No. 2 northern
spring, $1.1.08; No. 3 spring, Hl'-ofo'Sl 02.
t orn: io. i casn, O.K-; .'No. 3 cash, 'jiWJt
6t4o; No. 2 white, 62'.y(03V-.c; No. 3 while,
oi'iiojc; io. z yeuow, lii'aioic; Nn.
allow. OnWtiO'tu. Oats: No. 2 cash. 41'c:
No. 3 white. 4vi41c; No. i white, 3U&29-)c;
standard. 41'u414c.
BL'TTKli steady; creanierlea, 214ji27c;
uuii ies, jJti.ic.
Riij.v- Receipts, 2I.43il cases; market
steady; at mark, rases Included, ljylti4c
firsts. 18c; primo firsts. 194c.
CHK1CSE Steady ; daisies, .ri'i'irl54o
twins, 15c; youin; Americas, 154'gluc;
1UIIK HOrilB, liiV'N l.)''4C.
POTATOKS Firm; choice to fancy, ljy
joe; lair iu koou. j:'u.ifc.
POFLTRV-steady; turkeys, 15c; ch'.ck
ens. He; springs, 22i25c.
Vi:.L Steudy; 50 to tiO-lb. welshts. b'nl2c;
60 to 85-Ui. weights, 9i'ul2c; 80 10 110-lb
WrlghU, 10iil2c.
Hi. Luali llrarral Market.
ri. la, June a.-nnt,Ai ruture,
higher; July, 9iru; September. 974v. Canh
steady; trueit. No. 2 red, $1.001.04; N 2
liaiM. i.ei"i i.tj.
CORN Futures, higher; July, 00c; ep
teiuber. 604c. Cash, steady; truck. No. 2
14c; No. 3 white, 65','t)0.'i4o.
OATS Futures, firm; July, 374c; Septem
Per, 37fo. Cash, firm; truck. No. 2. 37c;
iNO. a vviuiu, 4l;u.
R YF Lower at "i3c.
FIXl'R Steady ; red winter patents. $5.00
na.35; extra fancy and straight, 44.aOiji.95
hard winter clears, 3.5043.90.
SKEH Timothy, $3. Hoy 3. 05.
CO it N M K A L $3. 25.
PRAN Firm; sacked, east track. 85iS7c
HAY Lower; timothy, 14.001( 17.50; prat
Tie. I12.0IM 14.00.
MAGGING 8-V-.
11 KM I TWIN K 7c.
PROVISIONS Pork, unchanged; Jobbing
124 25. lird, higher; primo steam, $11.974(
2.1J4. Dry salt meats, lower; boxed extra
eV'iiV'J;;;::
i liar rib, II 4.25: h
rt clears,
1 1.
l' 'I'l.TKY ( iii-na-iitfeii;
icltrrw.
I. :
rprlns;;, l:"i-c, lui Ki v:
l.
I'v;
ill TYER steady; cream-.-i y. i'.o-Te.
EGUiJ steady at lie
Receipts. Shipment.
Flour, bhls 4.W") 4."0
Wheat, bu .l ?'
Corn, bu ?7. HJ.nno
Oats, bu... lii.'.w ..)
w i:athi-:r i iut: ;hi 111:1.1
Fair mm Coadaaed Warn Predicted
fur Toalaat mm Saadar.
OMAHA, June 25, 1910.
Within the last twenty-four hours fairly
good rains Were quite general throughout,
the Missouri valley and scattered showers
occurred In the central valleys, tne south
ern and gulf states. In Nebrassa tne rutin
were geueraliy light snd scattered over
the eastern portion, but weie ntavy at
points In the central ami western portion.
A fail of l.l4 inches occurred at Valentine,
1.12 Inches at North Platte and 1.4 inches
at Broken How. ExetLvo nuns continued
at points In the west ;,-uif mates, and a
tall of 2.M inencs oeeuried at -New Orleans
uurlng f iiuay. i emperatures are lower
this uiorniug along the Hocky mountain
slope, and ara slightly lower generally over
the central and eastern portions. They
are silgnuy Higher on the Pacific slope.
Cieiieiauy cloudy weather prevails over tne
central valleys, but it la generally clear
throughout the weel, und tne Indications
arc tavorable for tail- und continued warm
in this vicinity tonight and Sunday.
The minimum temperature iuiU precipi
tation compared wltn the last tare, years:
1U. lsui.
Minimum temperature.... 7 4 6 t
Precipitation 00 .W , .00 .04
Normal temperature for today, 74 degrees.
Lwticiancy 111 precipitation since March 1,
10.12 Inches.
deficiency corresponding period In 1900,
l.iio inches.
lxce. corresponding period i. IMS,
Z.ev incnes.
It. A. WELSH. Local Fotecastor.
Cora and Wheat Heartoa Bollatla.
For Omaha, Neb., for the twenty-four
hours ending at 8 a. in.. 7uUi meridian time,
Saturday, June 25, 1U10:
OMAHA DISTRICT.
'renin. . Kaln-
Stations. Max. Mlru fall.
Sky.
Cloudy
Pt. cloudy
Pt. cloudy
1't. clouuy
Ciouay
t loudy
Cloud V
Cloudy
Cloudy
Ciouuy
Cloudy
t.Mouoy
Cloudy ,
(.'loudy
l't. cloudy
Pt. ciouay
Pt. cioudy
Cloudy
Cloudy
Ashland, Neb W tiS
Auburn, Neb Mif Mi
tu'k'n How, Neb. HI til
Columbus, Neb... !I4 trt
'Culberlson, Neb.. W iii
fc'un bury, Nei,...Uo lis
Fairmont, Neo... H2 M
(jr. island, Neo.. M ttt
liar ting toil. Neb. HJ bs
Hastings, Neb..., hit t4
liolurege, Neb... itl 04
Uakdale, Neb i2 05
Omaha, Neb Hi 73
Tekainuh, Neb... U7
Alia, la Vi 05
.00
1.48
.00
.10
.Oil
.00
.13
.05
.55
.15
.0!'
.00
.07
.00
.00
.00
.00
.00
Carroll, la........ VI ,4
Clarinua, la Vi Co
Sibley, la VI A
Sioux City, la... VI 70
Minimum temperature
period ending- at 8 a. m.
for
twel e-uour
SNot Included In
averages.
No. of
Stations.
.... 17
Temp. Rain
Max. Hi in. lalL
88 5S .00
ill on
'Jl 64 .00
US Wl 1.10
b .40
Vi 04 .20
Ml OS .M
11 Oti .20
liistrlcts.
Columbus, O..
Louisville, Ivy
iiHliauapolls, lnd.
l!
12
26
1J
14
20
24
It)
Chicago, 111
St. Louis, Mo
Des Moines, la
Mliineaixilis, Minn.
Kansas City, Mo..
Omaha, Neb
A very slight but general fall In tem
perature Is shown throughout the cnllre
curn and wheut region mis morning. Scat
let eu snow ei a occurred In all except toe
Columbus and ludiunapoils districts, (inu
inch of ruin occurred at Olney, lil.,-in the
Chicago district. The suowers were falny
well ulstributed over the Missouri valley.
L. A. WKI.SII,
Local Forecaster, Weather uureau.
XBW VUllli. UbMlltAL MARKET
Uuotutlous of tne Oar on Various
Cuiuiuu'Jltlea.
NKW YORK, June 25.-FLOUR Firm,
with a quiet trade; spring patents, 5.00ru
5.50; winter straJgnts, $i.30j.4.4O; winter
patents, .50ji 5.00; spring clears, 4.1&y4.40;
winter extras. No. 1, 3.,5io.t0; winter ex
tras. No. 2, $3.30Cfi3.tio; Kansas straights.
$4.o5'ii ;4.s5. Receipts, 31,732 bu. ; shipments,
a,49, bu. Rye Hour, quiet; fair to ti'WU,
H.Wo4.40; choice to fancy, $4.45&l.jO.
CORN MLAL Steady; fine white and yel
low, l.au'if i.3o; coarse, ri-u'i.3o; mm arieu,
$3.20.
wmkat spot market steady; no. z red.
$1.00, nominal, c. 1. f. to urrive, elevator;
.No. 1 northern, 1. 214, nominal, r. o. D. tu
arrive. Option muraet was nervous, lie-
lining early on reports of rain in the
Dakota and scaiteied showers elsewhere.
advanced sharply on predictions of lair
weather over Sunday, but lost part of tne
gain under realizing and closed at 4c net
advance. July, 11.otKUi.ooft, closing at
l.(J'.-; September, 11.067(1.044, cioscd at
$1,044; December closed at 1.0u',. Ship
ments, 21,375 bu.
corn soot market nrm: xno. z. ottc.
nominal, elevator, domestic basis, to ar
rive; export No. 2, 69c, nominal, f. o. b.
to arrive. Option market was without
tian.-actions, closing unchanged to 4c net
higher. July closed at 69c; September
closea at H9-Sic; December closed at 67c.
Receipts, 26,728 bu.
OATS spot market iirm; mixea oats, ztj
to 32 pounds, nominal; natural white, 26
to 22 pounds, 444ft47c; clipped white, 34 to
42 pounds, 46 49c. Receipts, 20,205 bu.
HAY Steady; prime, $1.15; No. 2, $1.00
.05; No. 3, 8590c.
HOPS Steady : state, common to choice.
1909, 21h''24c; 1908, nominal; Pacific coast.
14'U-ISC.
I11DLS unlet; central America, zzc;
Bok'ota, 214i22c.
LliATHKR Dull: hemlocK firsts. ZoW
27c; seconds, 22(-r24c; thirds, ,19422c; rejected,
1K(I 211c.
PRtVlS10NS Pork, steady; mess, $25.00
Ji 25.50; family, $20,004 26.50; short clear,
K1.50((i26.OO. Cut meats, quiet; pickled
LcllU'S, 1 Oto 14 pounds, JJ.diloc; pickled
lams. siu.oorrii6.fo. Lard, easy; middle
western, prime, $12,354) 12.45; refined, steady ;
continent. 813.20; South America, $14.00;
compound, $9.50((j 10.00.
tallow Dull; prime city, hhds., 6mc:
country, 64i&4c.
JllCK steady; domestic, 2-uc; Patna.
54fg6c.
POULTRY Alive, dull; western broilers,
22c; fowls, 16c; turkeys, 111 14c. Dressed,
firm; western broilers, 24U25o; fowls, 144
18c; turkeys, 151lsc.
liUTlKll-steady; creamery specials. 2814
42284c; extras, 27c
Kaaaas City 4irolu and Provisions.
KANSAS CITY. June 23. WH EAT July.
924c; September. 9214c; December. 954c.
Whoat l'n 4c lower; No. 2, 98cfoll.0o; No.
3, 91111.02; No. 2 red. !Cti9ic: No. 3, 8S"(i9:io.
4 ORN July, 8'e; September, 5S'o: De
cember, ol4e. Cus.li: I iiichunged to W;
lower; No. 2 mixed. 6l4'614c; No. 3, 504&
bUc; No. 2 white, &4iti54c; No. 3, 05c.
OATS I tichanged; No. 2 white. 3G4t39c:
mixed, 3l'ii3tio.
RYK No .2. 68fit70c.
HAY Unchanged: choice timothy. U5.O0:
cnoiee prairie, aii.o'dii.uo.
BUTTER Creamery, extras. 26c: firsts.
24c; seconds, 22c; packing stock. 204c.
EUtJS firsts, Jo.lo: seconds. 13.90: current
receipts, new cases, $4.30; miscellaneous,
$4.25.
Receipts. ShinnientM
Wheat, bu 68.000 4onHfi
Corn, bu 64.000 49.OJ0
Oats, bu 2.000 4.000
Liverpool (irulu and 1'rovlalona.
LIVER11M)L, June 25. WHEAT-Spot.
dull; No. 2 red western winter, no stock.
Futures, quiet; July, 0s6',id; October,
s8'.d; December, lis 9-ksd.
4.ORj spot, firm: od American ml vert
5s 4d; old American mixed, via Oalveston.
5s2Vd; new kiln dried, 5s. Futures dull;
July, nominal; rVpteniber, 4s b:(d.
MlnueanoIlM (.rain Market.'
MINNEAPOLIS, June Si. WHEAT
July. 11.09V Sellleniber. !l,Vl' I lu.
$l.oli. Cnsh: No. 1 hard. $'l.m.;; No. i
iixiiiieiu, l.ll',.lj; .No. iiortliein
1.11; No. 3 northern. $1.07 ii 1.09.
$l.
r ia . i ioseu at $2.13.
I'l'HN-No. 3 yellow, 5iV('5'j't.;.
OATS No. 3 white, 38V(440'o.
RYK-No. 2. 70c.i74e-.
H RAN In 100-lb. sacks, $17.50.
KLOl'R-First patents (in wood. f. o. b..
Mlnneapollsi. $6. 205.40; second patents $5 00
Srft.: first clears, M.06ij4.15; second clears.
$2.8lo3.10.
Milwaukee t.raiu Market.
MILWAUKEE, June 25. FEOI'R Steady.
WHEAT No. 1 northern, $1.12ti 1.14; No I
northern, $1.081. 12; Septumber. os'ikc.
OATS-41C.
ItA RLE Y Samples, 5suo5Vvc.
Dry Goods Market.
NEW YORK. June 25. DRY GOODS The
dry goods market was quiet and without
ispeclal change for the day. Trading con
tinues generally light and along conserva
tive lilies.
Tha Key to the Situation Bet) Want Ads!
NEW YORK STOCKS AND B0OS
Immense Half Yearly Dividends in
Sight for July.
RAILROADS ABE IN GOOD SHAPE
tiros and .Net Karalmga "how
Healthy larreaaea la All fevtiona
f the t'vaatrrt E""t and
Weat.
I
NLW lORK, Juno 23. (Special Tele
K 1. ,111. ll lie Block market tun week Was
unusually uuu and leaiureti oy uecilnes,
tiniiougii there were exceptlous tu this
wiieu 11 le trend broke snaipiy upward.
1 nera Is a ulvision of opinion in Wall
stieel Wlietuer the market Is not seeking
u linn level wltn the elimination of in
flation. Against this opinion, students of
ii'.e market, say thai puiiucal ami general
Imalnt s. conuuiotie are giving rise to tiuo
luatiimr. Tue prograia before congress and
tne attitude of the legal department of the
administration have a great deal to ao
with the restless condition of tne market.
June finishes the first half of the present
year. The end of the present luoulhs
writes finis upon a very uncertain six
months, so far as the affairs of Wall street
are concerned. Looking out beyond this
period July promises to be a very Im
portant month. Statistics show that $235,
ooo.OuO will be disbursed next month in in
terest and dividend payments by corpora
tions. The dividend payments will exceed
187,114,000 and interest 1144.671,000. This 1
a big increase over July of last year and
shows a healthy business condition of the
market. Industrial and miscellaneous cor
poiutlons will pay out in dividends $35,321,
(M). Railroads will disburse1 $32,240,000. The
railroads lead in Interest disbursements.
They will pay out $88,734,000. Industrial and
other corporations aside from railroads will
pay $15,631,000 In interest.
.Morgan la Not Talking.
An utterance mode this week by Thomas
F. Ryan, wno Is now enroute for Europe,
insular as it shows the vast financial
power of J. P. Morgan, says that
it will require the combined genius
of seven ot the most brilliant business
minds In the world to handle the affairs of
Mr. Moraan in case the Napoleon should
suddenly lace a condition compelling him to
relinquish active control of his present
enterprises. Mr. Morgan arrived this week
from Europe, but aside from his declara
tion that he would reappoint three trustees
to administer the affairs of the Equitable
Life Assurance society, he had nothing
to say.
Weather conditions In the northwest have
given rise to some trepidation, but rains
have now been reported through Minne
sota and the Dnkotas, which Is a very
good thing for the crops. The protracted
drouth promised for a time to be disastrous.
The advent of easy money in London at
this time of the year is always more or
leas of an Influence upon the American
money market. What effect It will have
upon the present occasion Is more or less
problematical. Bankers here mar avail
themselves of the opportunity to borrow
money abroad at cheap rates. There Is
no Immediate demand for money, although
a bull movement may he started for per
sonal advantage. If this Is done there Is
no doubt that tho monetary situation here
this fall would feel It. A firmer tone is
asserting itself In the call money market
and by July 1 business will be done to a
much higher rate.
Condition of IlnnKa.
During the present week New York banks
gained $2,433,000 cash on the regular cur
rency operations. From the Interior there
was. a net gain on balance of $:t,4u2,OiiO, but
this was partly offset by a loss on opera
tions with the government subtreasury of
$1,029,000. From Interior Institutions $0,652,
000 currency was received this week and
$3,190,000 was shipped into the interior.
An Important incident In the railroad
field was the action of the directors of the
Minneapolis & St. Louis in deciding to
pay the semi-annual dividends of 24 per
cent on the preierrea stock, wnicn was
bavable In July. This dividend has been
in force ever since 1900. For the last thi-ee
years It has partially been paid out of the
surplus. v
While It Is not known that copper pro
ducers have' taken concerted action to cur-
tall the output, nevertheless a number of
Important mines In the west are not work
ing up to their capacity. The Anaconda
Conner company Is leading: it is In a post
tlon to turn oat much more copper than It
Is at present. The general copper situa
tlon remains unchanged with no improve
ment In sight for the next few weeks.
Steel Stock Dividend.
At the meeting of the circctors of the
United States steel corporation next month
it is unlikely that there will bo any change
In the rate of 14 quarterly dividend on the
common stock. The balance available for
dividends this year Is estimated at 27.2 of
the preferred stock. The Bteel Industry has
revived to such an extent that there Is
talk of an extra disbursement upon the
preferred stock of the trust.
Southern Iron operators are showing more
confidence. A number of export orders
have been filled In the Birmingham dis
trict with the Tennessee Coal & Iron Co.
Taking forty-one Important railroads of
the east, west and south. It is estimated
the surplus for dividends in the present
fiscal year will bo $189,000,000 against the
present requirements of $179,000,000. Both
the gross and net earnings of the railroads
In general show healthy Increases. With
allowances made for high wages, labor
troubles and had weather this year ought
to be tho best since 1906 for the majority
of the railroads.
In the bond market principal Interest is
attached to the sale of $10,000,000 St. Louis.
San Francisco, New Orleans, Texas and
Mexican division bonds In the French mar
ket. Other negotiations abroad are pend
ing. '
Number of sales and leading quotations
on stocks were:
Sales. High. Low. Cl-e.
SI
3,700 i 63H 84H
101) 34'4 34 'j SIM,
200 914 9 9t
400 Ml. M4 64
UK) 82(4 82 4 6i.'
200 331s 33H 34
24 4
12
10 42 it 41 "4
4,200 7SV 14H Wt
103
100 12il4 1204 Vo
900 lit l::s
93H
31
1.W.M S 384 38"
4.400 101 103V, M3
1014
lis
4i) 111 liu-y novi
24
S.(') 't 78 .-.,
3,2110 m ll24 Wt
400 Sti 4 344 atv.
1(M,
3011
2,400 SUH 7',k 79T
81
4Ss
600 H 11H 14W
C.lvO 124 I'i'.Vi
82
100 Uts 34
07
5,700 138 137 Vk ill's
300 15- 15 14'
100 3f. ii i's
lno ' 7t4 78
.01) 24 W'l 2a '-1
l'SJ 264 2S 2lis
40 44 44 44
, 33
100 144 144 144
4.400 130 12 130
, 1,21J 69 6 8H
132
SnO 11 ls iK
700 82 61 (2
, 98
18
, 11
48
18
a
lm .', 88 ft
. 4.3O0 102 lul 1"2
, 1.300 147 146 147
S'U 28 28
: 137
ft S8 28 as
, 07
300 87 87 W.
! 28
no 114 ; lit
300 44 44 4J
zsi ;tsi I., v, i .
J00 70 70 9
, 1.400 128 125 128
24
, 4.WW ltt 131 3t
00 107 lo lu
lot) 98 98 98
18
85
167
U
. 48.W0 1 154 166
80O M 32 S2
1
. I.u0 40 38 4o
1110 83 ks 83
8ou 44 4 44
. s 2
1U0 18 7li 7
a
Allls-Chalmers pfd ...
Amalgamated Copper
American Agricultural
American lieet Sugar.
American Can
American C. 4 F
American Cotton Oil
American H. & L. pfd...
Am. ice Securities
American Linseed
American Locomotive . . .
American 8. A Ft
Am. . A R. pfd
Am. Steel Foundries ,
Am. Sugar Keilning
American T. A T
American Tobacco prd....
American Woolen
Anaconda tuning Co...,
Atchison
Atchison pftl
Atlantic Coast Line
Baltimore Ohio
Mathlehem Steel
Brooklyn Rapid Tr
Canadian Pacific
Central Leather
Central Leather pfd
Central of New Jersey..
Chesapeake a Ohio
Chicago a Alton
Chliagu Ureal Western..
c. o. w. ptd
Chicago N. W
C, W. a St. P
C., C. U. & St. L
Colorado Fuel a Iron...
Colorado it Southern....
Consolidated Oss
Corn Products
Delaware Hudson
Den.r Kio Uranda...
U. . . O pfd
l)i..t,l...' BFcurlttes ....
Br.
Krle 1st pfd
Rrle 2d pfd
General Kloctrlc
Oreat Northern pfd
Great Northern Ore ctfa.
h
lillnola Central
Interburough Mat,
Int. Met. pfd
International Harveatar
Int. Marine pfd
Internal lulial Paper ....
Internet ionsl Pump ....
Iowa Central
Kama City Bo
K. I'. . pfd...-
Latclede Oaa
Louieville Ac Nashville..
Minn. St. Louis
M.. St. H. i 8. 8. at....
M ., K. at T
M.. K-. & T. pfd
Missouri Pacific
National Hlecult
National Iail
N. R. K. of at. 2d pfd..
New York Central
N. V , O. & W
Norfolk ft W
North American
Northern Paclflo
Pacific Mall
Peiinaytvanta
People's Oaa
p., O.. C. 8t. L
Plttaburg Cosl
preescd Steel Car ,
Pullman Palace Car
Railway Steel Spring...
Heading
Republic Steel
Itepubllr Steel pfd
Hoik Island Co
Ruck Island Co. ptd. ....
St. L. a 8. r. M p
St. Louis Southwestern..
Siaharti.iu V 'i.'i.'
Jmithrn rsrlflr UVSnn l't 15m ISt'i
8.nhrn Hutlnar " " '-
So. Tt.l.w.r ptrt ; feVi tt WS
Tfnmwi i',ppr
Tn P.ltl,- S
T.. M. 1 A W 1"0 il VJH
T.. St. I,, a W. p4 4(10 M r
tnlon Patille 3."0 1T1S li"H H1H
t'nlon Parma pfl y) M M !
t nlliKl Pule ftealtr
t nltM siaua HuSbar "0 -H '1X
t'nltad Statu tHt ') T7 71 "S
I', s. stn pf4 :() lliv, lit 110
l ull Dttpprr S"0 4J 41
V a. -Carolina i'hMiilnal .... MS '"i &
WaMKh s )H li" !
Wahauli pui 41'4 , 4:i4
Wentern Btarrluxt i" 4IH 44
Wtlnhou Klrclrio 4' 3 :H 6'
Wtm t nlon lno 44 4 4'
Whwtllnt U k! i't
Tout nalri lor tlia dav,
lll.f'O aharai.
New ork Money
Market.
NEW YORK. June 23. MONEY-On call,
nominal; time loans, dull and a little
stronger; sixty days, fcfr34 )er cent; nlnetyOfflclal Monday
days, 34'ii34 per cent: six months, -4Wu
44 per cent.
PRIME MERCANTILE PArER-4Vu5'i
per cent.
STERLING EXCII A N(H2 Steady, with
actual business In bankers' bills at $4.8430
S4.S440 for sixty-day bills und at M.8620 for
eniand: commercial bills. J4.8J4U4.84.
SILVER liar. 53V; Mexican dollars. 44c.
' BONDS Oovei iinjent, steady; railroad,
steady.
Closing quotations on stocks were as
ioiiows:
U. S. ref. 3a, rag..
do coupon
U. 8. 3a, r?f
do coupon
D. 8, 4a, ran......
do coupon .......
AUU-Chal. 1st I..
..1O0Int. M. M. 44a 4'i
..10NMapa.n 4a t'4
..l(il 14 do 4 St
..ioi't'K. C. So. 1st 3a Tl
. .1HSU 8. deb. 4a 131 -.
..mm,. N. utiI. 4a 97
.. 71M.. K. T. 1st 4.. MS
..11)1 Jo n. 4'4a
Am. Ag. f.a
Am. T. at T. ev. 4a.
Am. Tobacco 4a
do (a ..
Armour V Co. 4'ja..
Atchison gen. 4a
do cr. 4a
HWiMo. I'acltlo 4a 77Sj
THN. R. B. of M. 4a V4
10S-4.N. Y. C 1. 3H,a 8K
14 do dab. 4a. -"t
W N. Y.. N. H. ' H.
...105, ;. l 13-4
...lOIV'N. W. lat c. 4J. :'
. .. KJM, do cv. 4a K'lVi
... If'VtNo. Pacific 4a 4mm
do cr. 4s
At. C. L. lat 4s.
Ual. at Ohio 4a
rlo 34a
do B. W. J'is.i...
Brk. Tr. cv. 4a
t'en. of Oa. tn
Can. Leather 6a
. fS do t i"N
. "!"4 0. S. L. rfdg. 4a :!
. ItliPMin. v. H 1915... SSS
.l'.HS do con. 4a 1H
.v 99 Headlnc Urn. 4a
of N. J. g. 6s... 119
(.'h. a Ohio 4V4S..1CU
Bt. 1.. at S. F. If. 4a. 81a
du an. 6a a7
do ref. 6a S3'fll. L. 8. W. c. 4s.. 77
Chicago at A. 34a. . . 1" do lat fold 4s C'4
C, U. at y. j. 4a.... KVSoaboard A. U 4a.... 'i
do gen. 4a
.... iiSo. Pacific col. 41.... si
SSa ti da c. 4a :,
c. m. a a. p. d.
c, h. 1. a p. c.
do rfg. 4a
Colo. lnd. 5s.,..
Vxilo. Mid. 4...
4s.. TCt, do lat con. 4s MS
H'Ko. Hallway 6a Hill
.... 78 do gen. 4a 1044
ftSm'niun Pacific 4a U
4m 97 do cv. 4a I'i3va
98 do lit ref. 4a.... IMt
M L'. 9. Rubber 63 KU
.... 9i4ll. a. Bteel 2d im 1K)4
.... 60Va.-l-aro. I'hem. 6a. WO
82 Wabash lat ua 109
73 do 1st A ex. 4a l
A.. 72 Western Md. 4a.... 83V
.... 4U.Vesl. Klec. cv. 6a.... 88V
C. A s. r. & a.
11. c II. cv. 4a..
1). K. U. 4a...
do ref. 6
Dlatillera' 6a ....
Krle. p. 1. 4a
do gen. 4a.
do cv. 4a, scr.
do aeries n...
Oen. Kiev. cv. 5a.. ..140
Wis, ('antral 4s XiW
111. Cen. lat ret. 4a
Mo. Pac. cv. 6s, clfa. 934
Int. Mat. 4Wa...
8uS
Ula. Ollei-ed.
Local Selnrltlea.
Quotations furnished by Samuel Burris,
Jr., 633 New York Eife building, Omaha:
Bid. As If en-
Dee Building Co. stock
City Nat.unal W. 1W
Cuy of omaua Vt, .Ml)
Couiliiuowemittl Lifu Ina
100
., 9
.. llHVi
.. 11
.. 8
..
.. 21
. 7
..
.. S1
.. 91
luo
14
1
M
100
u
'V
Mv,
4j
2
I.m
1"
100
lui
80
Hidraullc 1'iebaed UrKk pfd
Iowa Portland Cainent 1st Mtg. a. ...
K. C. M. a O. pfd
hfenui city -ocK Varda Block
Kansas Chr 11. at L. 6s, 1014
Llmoln. Neb.. 4. 1K20
Morris at Co. 4Vs, 1939
al.nuen, 8u., iw.,. t.tet' issu...
Nebraska 'rlcphone stock nor cent.
Mlndeu. Neb., It. W. oa, 1930
Nebraska lei. atoek, 4 per cent
101
. M
lei
75
a
94
a
aiVa
, iV8
Nebraska T. a f. M
ouisum W.or co. u, ista
Oiusha Gu 6a, Mli
Ouialia K. L. ptd i per cant
Omaua at C. at. SU Ky., pfd, ax-div..
uuulia a C. ll. bi. Kjr us. 128
Omaha a p. 11. it. & B. ptd
Isciiiu 1. at ws, itt
f isttsuioutu, Neb., Tel. slock, 10 p. a,
Kuckr Mt. lioll stock
twin a Co
fcouitt omuiia. City of, 6a
Trl-Clty Ky. & U. 6a
Luiou block tarda stock. So. OmsUs..
Western r'sullto its
tlllluu Con. Co. tbeousj
laloxuailoual Coo. Co. ibonusi
8J
MVa
ka
40
M
100
91 Si
H
H
Mta
M
iu(4
n
Statetneut of Cleurinic House Banks.
NEW YORK, June 25. The statement of
clearing house banks lor the week shows
that the banks hold $28,874,005 more than
the requirements of the 2o per cent re
serve rule. This is an increase of 42,789,7i5
111 the proportionate casli reserve as com
pared with last week. The statement fol
lows:
Increase.
Loans ,
Deposits
Circulation
Legal tenders
Specie
Reserve
Reserve required.
Surplus
..$1,199,782,000 $4,692,300
.. l,2ul,0iv,300 V,O8O,5u0
4o,34b,2b0 I0L8OO
09,817,500 381,700
.. 2i!f,32b,2U0 4,(j"iS,2ow
.. 329.14u.700 b,059,9O0
.. 300,209,0,5 2,2iO,125
28,8i'4,(26 2.i8H,,7j
Ex-C S. deposits.
2j,31i,20J 2,i99,1.iO
The percentage of actual reserve of tne
clearing house banks today was 27.11.
The statement of banks and trust com
panies ot Oreater New Vurk not reporting
to the clearing House snows:
Increase.
Loans
Specie
Legal tei.der
Total uepottts..
Decrease.
$1.173, IK, 10J $0,714,000
129,532,800 2o4,9uO
21,8o3,4j0
1,270,239,000
24.3XJ
9,730,(00
London Stock Market.
LONDON, June 25. American securities
opened dull on the Mock exchange here.
ana declined auring the session on crop
damage reports and Attorney Oeneral
Wicket shams speech In Chicago y ester
day. The closing was dull, with prices
from Mi to a point Delow yesterday s New
VorK closing.
Conaola, money
do account....
Amal. Copper..
Atiaconda
Atchison
.. 82ttLoulsllle & N 1M
M., K. & T 3T
.. sottM. i central 120
.. 8 Norfolk a W lUi
..lustt do ula 92
do ptd ...lu Ontario a W.
to
baltimoru 6e Ohio. ...114 l'eiuislvanla ...
cmiadian racluc 19sHana Mines. ..e.
Clie.pea,ke Ac O t2 Heading
cii.cugo U. W Iti southern lty
C'lil.. mill. & bt. P. ..128 do ptd
be beers 178outhern Pacific
. 9
. 7
.. 2
. S2
.133
..l"iia
Lietiver a Rlo U iiLiiien Pacific...
do ptd.
. si do pfd
. 21U. 8. steel
. 48 do pid
. 84 Wabash
,. 2s Uo pfd
..isSUSoanUn 4s
. till
irie
do 1st pid
do lid pid
Uisnd Trunk
Illinois Central....
siLVuu Lat,
711
..118
. 20
.. 44
95
sieuu ui Itft-i per ounce
Aioisci 2ti-a tie cent.
Tne rate ui uiscuuni in tlie open market
tor short bids is 2 per cent; lor three
months bills, 2. per cent.
lloatou I'loaiua atocka.
BOSTON, June 25. Closing quotations on
inming
s tucks
were:
Alloues
.... 39 Mohawk
. ... bl .Nevada Con
....24 NipiMing Mines
. ... iti Norm huttt,
. ... North Lake
lold Ooiniriion ...
. ... Is Oai-eoU
63Parrolt B. & C...
...-&40 Qulncy
. ... 18 bimnnon
C'. . oii Superior
. 49
. 19
Auutl. Cupper ...
A. i. L. a
Ailsona Cum. ..
Atlantic
U. 6t C. C. 6i 8.
tiutte coalition .
t.al. Sl Arixoim..
Cal. a llecla. ..
Centenn.al
. 11
. tf
. io
.131
18
. 13
. 8,
Copper Uange C
. 41
Kant llulte C. M 7buuellor 4 U. M
. 8
. 10
Franklin 1 118 Superior & P.. C.
UiroUk Con l TalllkiM.ck
ui-anuy cult 30?L!. 8. C. A O
(Jl teut, Caoanea 14 Li. b. . It. a Al
Ule Koaie Copper., li do ptd
nerr ioks 81'tan Con
Lake copper fil?s t'tsh Copper Co..
La Salie copper ll Winona
Miami Copper 1 Wolverine
. Sj
42
...112
New York Cnrls l'rlcea.
The following quotations are furnished by
iogan lily an, iiiein tiers New York Slock
exenange, 31u boulu aixt;ent:: street,
i.i.ianai
Bay State Gaa SoUreene Cananea.
,. 7
.. 7
I bulla Coal. tlon.
Is Inspiration
Isj Lritrosa
11 Nevada Cons
1 Ntwuouae
, 51ohio Copper
. lVIUwhlds Coalition.
lRsy Central
6a Swift Pkg. Co
11 Sears-Hosbuck Co..
1 Superior a Pitta...
8'itxiopsb st.uing...
2 North Lake
s-s liolieinla
.. 4
C'hlno
chief Cona
Kractlon
Lavis-Paly
aCly Central
Kly Cona
Krunkllu
(iiroux
Uolditeld Cona
Uoldrteiu Fioreuca.
tioldlieid Daisy.,...
.. 18
.. 84
.. 1
.. 2o
.. 2
..104
..,5
,. 10
..
.. 10
Bank Clearlatra.
OMAHA, June 25. Bank olearlngu for to
day weru $2.3o8,896.63 and for the corre
sponding dale last year were l,9tsl,249. i7.
1910. 1909.
Monday
Tuesday
Wednesday
ihursday
li.uuy
auiurday
...$ 2.84b.8i3.19 $3,303,446.92
... 1,982,41.20 1, 74.0,8 23
... 2,7il,2o2.88 2.016,851.24
... 2.686,902.55 2,20S,42i.8.S
... 2,667,283.01 2,Oi5.1s3.82
... 2,358.80V. 63 ' 1,962.249.77
Totals $15.313.889. 4 $12,420,437.86
Increase for the present week over tire
same period a year ago, 82,893, 451. 60.
" New York Mlaintr Slocks..
' NEW YORK. June 25. Closing quotations
on mining stocks were
Allre
Ilrunswlik Con. .
Com. Tunnel stock.
.200
Lsadvtll Con.
.. I
.. 4
..loo
..aj
.. 80
.. 90
,. 80
11
24
17
Little Chief ...
Mvstcan
Ontario
Opbir
Standard
YeUuw Jacket ..
du bonds
Oon. Cal. A
Horn Sillier
Iron Silver
Uttered.
Va.
.. 88
.. 40
..90
Oil MIA LIVE STOCIi MARKET
Cattle of All Kinds Show Sharp De
cline for Week.
HOGS ARE LOWER FOE THE WEEK
hrrn aart La nana ia Very l.araa Re
ceipt mm Tweatr-Flve to Fifty
teals Lower Tans They
Were Last Week.
SOUTH OMAHA, Neb., ,ne 25, 1910.
Receipts were:
Cattle. Hogs, bheep.
3, Hi'
8.341
.SiM
2.812
1,348
102
5,o87
6,39
8,5i3
official juestiay..
11.2i(l
14.398
9.924
(.i90
7,200
oiticuil Wednesday.
Official Thursday...,
Official Friday
Estimate Saturday..
5.T1S
S.302
1,282
29
Six days this week 17.142 56.175 25.441
Samo days last week.... 15,184 47,548 18,934
IS.iiiie da8 2 weeks ago. .U.t3 40.42i 12.909
Same daya 3 weeks ago.. 13.872 45,983 13,498
Same days 4 weeks agu..lo,414 60,314 la.Si?
Same days last year 11,202 50,897 14,iu8
The following table shows the receipts of
cattle, hogs and sheep at couth Omaha for
the year to date, compared with List year:
111l 1909. inc. Dec.
Cattle , 462,508 4:19.585 22,923
nogs ...
..T.Oid.oso 1,3j.i!9
2i9.1I
bheep tibo.Oi.S 4,2o4 10,824
Hie following tuJle miows tne average
prices of hogs at t-oum omaiu for the
last several uuys, with comparisons:
Date. j 11U. lJ.18U8.jlMi.llM.19UB.l904.
June 15...
June 18...
June 17...
Juna 18...
June 19...
nuiie it)...
juiis ill, ..
June 21...
June 22. ..j
june
juue 24..,
juue 2o...
9 39 a I 601 6 M 35 W 4 J
i toj a 541 I e a 4 8J
a ai 1 ( W 8 8J 5 91 1 6 20 4 94
2Sf 7 81 1 5 5 6 kit 3 4 M
I J tai 5 04( 6 Ml o 8 & IS
9 41' 1 i tm a i.i o -0 6 10 6 W
7 63 I 6 89 0 2 k 10) i Oi
9 40'fcl 7 3 1 6 8 as! o it'l Oi
I o 00; u iu a vii
3l i 0 iU o 12
ui 0 35; 1 o io
Sunday.
Receipts and disposition of live stock at
the csi.on stuck xoiun, ouih tuiiu.nu, lui
iweiuy-iour nours euuing ul 3 o clock p. m.
w uno 20, 181U
KECEH'TS.
cattle. Hogs, li r b.
C. M. & St P o ..
tvaoash i
Juishouri I'acltic 18
c oc vv ., east o
C. At IN. VV., West 1 4s
c, ot. f., al. oc J t
C, 11. oc W , east 0
C, 11. Ac Weal i
C, It. 1. At P., east
Illinois Central 1
Chicago Ureut Western 2
Total receipts.
Ill 1
LilSfOisiTlO.-.
Cattle. Hogs.
Omaha Packing Co
... l,.i8
Sivitt and company
1,827
Cudahy Faulting co
Armour 61 co
Jlul pny snippers
other uuyeis
l.oUO
l,.'-i
Lv
lo
Totals
15 6,931
(.A, a 41, inciu VitiS llO sealt l'eCci..a
lOuay 01 any c Jiiseciuciice, the uiaiael no
us Piuciicany Hum ui buuuiics.
or ine siK leueipis iiu.c oeeti large as
uaipui.u vna pie nous ticefc. urn a eai
8o. ims litis bct-a tito cae liul unij here,
uui at uii ouiei' s,oi.i.s as en. At tus
ume tlnio tuo continued hot weather lias
euUCLu tllo COtiaulnptloll ot meal bUpplleb
tj fcLcli an exieut to cause a beveie
.UII1..1, oli ill lue deiiiund iur live cattle.
.u u lejull, piicB Which ucgaii uieuanig
uudly at oome points last vveciv nae con-
miued uovtn mil very lupiuiy tins week
ll has, 111 tact, been the most disastrous
ureak expericituto. in the came muraet lor
a long tune.
The best beef steers, that is good to
choice grades of cornteds, have aulieied
the least Otcline, but still they are 2ooj0c
lower man lust week, pretty decent kinus
of cattle, that is. fair to good kinds, are
60&750 lower, with common grassers $1.00
lower.
Cows and heifers have suffered along
with other kinds of cattle, good cornfeds
being around 5oc lower, with grassers as
much as 81.00 lower.
Stockers and feeders have Deen in mod
erate demand, the local market being in
jured especially by continued dry weather
as well as by the break In fat cattle. While
the best fleshy feeders are pernaps noi
over 2.Vufi0c lower, stock cattle are as much
as $1.00 lower than the early part of last
week. 1
Quotations "on cattle: Good to choice
corn-fed steers. $7.25U8.00; fair to good corn-
ted steers, B.50ti7.25; common to iair corn
fed steers. $5 00ft6.50; good to choice cows
and heifers. I5.25rti8.75: fair to good cows
and heifers, $3.80fu5.25; common to fair cows
and heifers $2.75'u3.80; good to choice stock
ers and leeders, 14.uort10.Wi iair to goou
Blockers and feeders, $4.00U4 50: common to
fair stockers and feeders, $3.50u-4.00: stock
heifers, $3.50f4 25; veal calves, $4.00rj;7.&0;
bulls, stags, etc.. $3.505.75.
HOciS Light and light mixed grades sold
at puces p. city close 10 a nlcnel higher
In both divisions this morning, but heavy
hogs were neglected and had to move at
quotably steady figures, the market clos
ing weak on all classes of stock.
Receipts were light as compared with
early runs this week and quality ranged
from rough and extra heavies to smooth
lights, the latter kind of hogs Belling at or
near the top of the list. Both packers and
shippers bought freely und movement was
fairly active until lute rounds, when the
market developed an easier tone.
Heavy hogs commanded $9.10(0)9.15, with
extreme heavies as low us $9.03. Mixed
lots went around $9.20-(jD.30, according to
quality, and lights ranged from $3.30fi9.4O,
which was the highest price paid. A htrgo
share of receipets chanced hands at $9.15
9.35.
The week In the hog yards has been one
of heavy receipts nnd widening prices.
Lighte hogs are closing Just about steady
with a week ago, while heavies are fully
a dime lower. Demand has been broad nnd
active on most days and, while shippers
have not bought very freely, practically
everything haR sold on the day of arrival.
No. A. 8h. Pr. No. Av. Sh. Pr.
AO HOG8 58 270 1 20 9 25
54 855 ... tM till atf 160 9 25
(0 341 240 00 75 220 80 27
M 812 8'iO 9 06 49 ii 180 9 27
48.., 848 820 8 10 67 233 ... 8 27
5 2J 80 12 77 m 120 27
87 2K3 400 9 16 71 238 140 9 SO
10 80 15 47 :-l 80 i 30
40 282 40 IS 84 224 ... 9 80
61 8 8 180 9 15 12 208 ... 8 80
84 580 280 13 88 230 ... 30
83 278 SO 9 16 64 264 120 9 SO
64 2S8 120 9 15 CI... 243 320 9 30
84 218 180 9 18 (0 'lii 40 80
43 'J51 80 9 17 64 257 80 80
80 2"8 200 20 87 242 80 8 30
87 284 240 9 20 88 ICQ 80 t 30
89 200 80 9 20 68 224 2M1 iiO
83... 24 80 9 20 67 203 180 9 80
41 270 ... 9 20 69. .237 120 9 SO
(8 278 ... 8 20 ill 231 40 8 30
8H 284 120 9 20 67 230 120 9 So
68 296 80 8 20 64 241 80 9 30
44 218 40 9 20 84 248 120 9 30
bl 208 80 9 20 64 280 40 ( 30
62 278 80 9 20 66 260 80 9 30
48 275 ... 8 20 84 238 40 9 30
2 247 80 9 22 61 216 80 9 30
7J 247 160 9 22 74 248 80 I 30
&t 278 40 8 22 C ,..261 S20 9 80
63 2,9 lad 9 22 62 286 ... 30
44 228 ... 9 22 46 245 40 9 80
71 215 80 22 71 238 80 9 82
48 241 ... 9 23 71 241 160 9 32
44 267 180 9 23 84 229 80 9 36
80 fcit 40 15 45 243 160 9 35
47 20 80 Is 6 2o0 80 I 35
128 22 IM 9 85 '. 2 2 220 9 35
63 2 80 9 25 70 213 40 9 36
40 252 DO 9 ii 75 232 ... 9 35
68 247 3C0 9 26 82 223 40 9 35
64 241 80 9 16 67,..., ...2.12 200 9 85
48 238 ... 9 26 40 237 80 9 35
80 26 80 20 88 240 40 9 15
77 224 160 9 25 65 260 ... 9 35
10 210 80 9 26 71 220 40 9 S5
81 228 160 9 26 89 2.10 ... 9 36
40 2S1 80 9 ii 78 208 44 85
46 264 ... 9 26 70 224 80 8 88
44 201 80 I 23 78 204 160 9 30
44 267 ... 9 26 80 212 88 8 37
61 22 ... 3o 60 215 ... 9 40
64 268 120 9 25 72 1st 120 9 40
SHEER There wa$ nothing on sale today
In the way 01 sneep or lamos ana uie mar
ket remained nominally steady.
In most rtsnects the trade lately has been
much the same as it was last week. De
mand has been very dull from the opening,
killers' orders seasonably small and the
trend of prices lower. Receipts have been
liberal, the bulk consisting of range sheep
and quality on an average has been none
too good.
Trade has been uneven, of course, and
any iosttive decline Is hardly quotable.
In a aeneral way. ewes, wethers and year
lings are selling about 25&50C lower than at
last week's close, really good grass weth
ers moving around 84.65. Not many year
lings have been coming, but something
strictly choice that would 'break" well
would probably command 15.75 or better.
Thi proportion of spring lambs has been
relatively small, but eastern markets have
been getting moie springers than they
could conveniently handle and local trade
has suffered sec rdlngiy. frices are all of
25trra)o lower thar a week ago and Inquiry
is decidedly backward al tills decline.
r--,'r tinde ' bee-Inning to show more
activity and ofteilugs that ara aultuble
for feedlot Snd pasture are selling on much
the same basis as fair quality killing stock.
. IIK'At.l LUE ST4M K M ARKET
tattle, bee is and l.amba leady lloa
Market Hlaker.
CHICAGO. June 28,-CATTLE-Recelpts,
estimated at 1,484) head; market steady;
beeves, $6.4tir8.5&; Texas steers, $i,.4tg 7.15;
western steers, $5.3fu7.M; atoekeia and
feeders, $3.i5'iiu.(iT; cows and heifers, $2.70to
a.75; calves, $ti.0oruJ.00.
HOtlS Receipts, estimated at .000 head;
market b'i loo higher; light, $9.40rn.76;
mixed, $9. Sow 9.66; heavy, $9.ootu9.55; rough,
$9.009.50; good lo choice heavy, t9.lntut.55;
pigs, !.2H'u9.70; bulk of sales, $. 45779. 55.
Ml Kbi I AND LAMBS- Receipts, esti
mated at l.btu head; market steady; native,
$3.0"-(i5.iO; western, M 36.16; yearlings, $6.60
iiiv,i; lambs, native, $4.75Ui.30; western,
(o.oo-u'.iU
Kanaaa City 1.1 ve Stork Market.
KANSAS CITV, June 25. tATTLK Re
ceipts, 800 head, Including 200 southerns;
market steady; native steers, fo.3oiis.2o
southern steers, $3.60!ti.75; southern cows,
$2.75445.00; native cows and Heifers. 2.,u
7.25; stockers and feeders, $3.nOu8.ui; bul.'i,
$3.75h5.o; calves, ft. Win 8.00; western steers,
o.ta.us.iA; western cows, W.2oH.w.
HoUS Receipts, 2,000 head; market o'tf
10c higher; bulk of sains, $9.2ovi9.60; heavy,
$9,254(9.35; packers and butcners, W-SoW
.4o; light. :i.40Ji9.50; pigs. S.7oh9.10.
BHKl-.l' AND LAMbS Receipts, 200 head;
market stead v: muttons. S4.00uiu.00; lambs.
40.OOV7.5O; wethers and yeariliigs, 84. soy
8.00; western ewes, $4 00(4.75.
St. I.oula Live Stock Market.
8T. LOL'IS, June 25. CATTLE Receipts,
500 head, including 800 Texans; market
steady; native beef steers. So.7oiu8.00: cows
and heifers, $4.27.25; stockers and feedera,
$4.25Cu0.oo; Texas and Indian steers, $4.40114.
. 20; cous and belters, 43.wn10.10; caives
111 carload lots, $5,501(4.8.25.
HoUS Receipts, i.msj head; market fit
100 hlgner; pigs and lights, S9.00tji9.70; pack
ers, aj.ooiu-9.bo; bhtchers and best heavy,
89.u0fu9.80.
SilKKr1 AND LAMBS Receipts, 6,000
lieitu, market steady; native inuiioiis, $4.00
1(44.50; laintis, $8.50vj,7.85.
at. Joseph Live Mtock Market.
ST. JO8HPH, June 25. CATTLK He
cepits, loo heau; muiaet steady; steers, o.t5
(di.io; cows und nuiiera, 83.2oiu8.oO, caites,
83.7u(ij7.bO.
ltuus Receipts, 2,000 head; market
steady to strung; top, $9.45; bulk ot sales',
89.2a(l9.40.
No sneep on sale; murket ciuulabl
steudy; lambs, $7.wy.,.i5.
Stock In Sialil.
Receipts of live slock at the five princi
pal uesiern markets cmeru.iy :
Cattle. Hogs. Sheep.
South Omaha loo (liou a
al. josepu loo i.oov
ivansas city sou t.m, -luo
at. Louis ouu i.uo 6,am
cnicatio l.ooo b.ooo l.ouu
Total receipts 2,000 19,000 , 7,733
Coffee Market.
NEW YORK, June 25. COFFEE The
market for coffee tutuies opened un
changed 10 an advance ot 6 points, July
being higher on a renewed demand fiom
large tiaue Interests. It was the 111 t
JUiy notice duy, however, undi the circula
tion ul' notices about 00,000 bags cuuaed
some scattering liquidation uiiiihg the
morning at which pi ices eased otr sughtiy
ultliougli it appeared tout the coffee was
being taken up by large interests und near
nonius continued relutivtiy tirm. The
close wus steady, net 6 points higher to
3 points lower. Sales, including switches,
were 33,000 bags. Closing bids follow:
Jund und July, 6.00e; August, September,
October, November and December, b;tioc;
January, B.8c; February, 6.09c; March,
6.70c; April, 6.71c, und Muv. 6.73c.
Owing to a holiday there were no cables
irom urazll. Havre was "4 france lower;
Hamburg, unchanged to V4 pfg. higher.
New York warehouse deliveries, yesterday,
9,632 bags against 10,301 last year.
COFFEE Spot, quiet; No. 7, Rio, 8 5-16c;
No. 4, Santos, 9c; mild coffee, quiet;
Cordova, HhU'PA.
Treasury Statement.
WASHINGTON, June-25.-The condition
of the treasury at the beginning of business
today was as follows: Trust funds Oold
coin, $801,189,8(19; silver dollars, $487,(172.000;
silver dollars of 1890, $3,681,000; silver certifi
cates outstanding, $1X7,672,000. General fund
StflnrlnrH ullvxt. ,l,,llo,.u In ........ i . ,
$4,481,271; current liabilities, $97,o:i,6U3; work-
ins Laiei.iiuo 111 treasury oitices, 8lf.lOb.O1O; in
..anna iu .itrciii in uessurer ot tne cniiea
States. 140 H&1 ftXK? iihulllor,.
$20,359,370; minor coin, $1,037,271; total balance
In general fund. IS1.959.487.
Bank of Germany Statement.
T4PRT.TV limn OR Tl.a .. 1.1.. -.
1 . ...... , mm nccnij BISIS
ment of the Imperial Bank of Germany
iiuws me luuuwing cuanges:
T ..
Cash In hand 15,111,000 marks
Loans 953,000 marks
Discounts 14.838.000 marks
'rpaslirv hilla s fi U1 iia
Notes in circulation 26,&Y1,000 marks
Deposits 15,279.000 marks
Oold In hand 5,133,000 marks
Decrease.
Sotrar and Molasses.
NEW YORK. June 25 SITO ATtT?n
flrlii' miiurmn.l,, Im i..l n.n,.ll...i
....., . ... it.ii, u. it. , t. jiiw 11 uf,ai,
96 test, 4.24cV molasses sugar, 89 test, 3.49c.
Refined, quiet; crushed, .85c; granulated,
6.15c; powdered, 5.25c
Omaha Hay Market.
OMAHA. June 28. HAY No. 1 tS Ofts lMr.
2, $7.50; packing, $4.50; new, $10.00. Straw:
Wheat, S6.00: rye and oats. S7.00. Alfalfa
$12.00.
Cotton Market. ,
ST. LOUIS. June 25. COTTON Middling.
14Tsc; sales, noue; receipts, 249 bales; ship
ments, 348 bales; stock, 21,460 bales.
Poitnlnr Klctlou.
"I remain Yours Truly."
"Why, It's Early Yet, Mr. Lovelace!"
"Certainly You May Smoke, Mr. Blnks; I
Like the Smell of a Good Cigar."
"I'm So Sorry You Cun't Visit Us This
Summer, Aunt Rachel!"
' Yes, I Umally Take the upper Berth,
From Choice."
"I Can't See Why People are Interested In
the Disgusting Details of u Prize Fight."
"Mr. Chairman, I Will Add a Word or
Two by Way of Explu.iatlon and Sit
Down." '
"I Enjoy a Gxxid Joke Even When It's on
Me."
"You Have Beaten Me by an Overwhelm
ing Majority, and 1 Heartily Congratulate
You on Your Victory."
"I Hate to Ask You to Change a Twenty,
but I've Nothing Smaller." Chicago Tri
bune. When you have anything to sell or trade
advertise it in The Bee Want Add columns
and get quick results.
This company will stand the closest Investigation and Invites capital
only upon the strict merits of lis proposition.
The Ground is the Cream
The company owns 400 acres in fee simjiJe. No leases, and therefore
no royalties to pay. Three hundred and twenty urres of this are oil
the axis of the anticline, and ure recommended by OH Expert W. R.
Jewell, formerly In the employ of the lT. S. government. Eighty acres
are surrounded by the Pioneer Midway and a dozen other gushers.
IlTsrjr acre is worth bif money.
The Company is Reliable
The officers of the Midway
operator, president; Don W. Carlton, chief teller First National Rank," J
lxia Angeles, vice-president and treasurer; Lester K. Scott, attorney, seer 1 1
retary; Amos H. Stevens, deputy attorney general of the state of New J
York, and Walter w. Urirflth. or Lord t Thomas, dlreetirs. Hanking
and commercial refereucaa afforded for individual oflioers or to
company.
The Price is a Snap
A block of stock la offered for public subscription (subject to prior
sale) at 35 cents a share, par value $1.00. At that price every Investor
may make big profits. We confidently expect our stock to doubla In
six months, and quadruple In a year. We hope to pay dividends within
the year. Take as much of this Midway Pacific stock as you can.
Do it today. ' Dont wait. This offer Is limited, notb in time and la allot
ment. This advertisement may sot appear again-
Midway Pacific Oil Company
372 Wilcox Oldg.
QUESTION OF FREIGHT KATES
Spirited Controversy Between Boads
and Shippers.
PROBLEM HARD TO
SOLVE
Traffic, Maaaaere folnt to lacrcaseii
LKIuaT Kapenaes as an Id
case for Increase of
Tariffs.
BY rrtESTON C. .ADAM9
NEW YORK, June 25. (Special Dlspnteh
to The Bee.) IVi-haps the biggest business
question to be settled In the near future
is the controversy between railroad ami
snippers as to wiint constitute lair freight
rates, the settlement of which hns been
temporarily postponed by president Tall.
When the Interstate Commerce commission
takes up this question, whicn ll probably
will be III shape to do within a few iiiontns,
ll Is going to find It about as tough a plop
osltlon as any aggregation of geiuleiiieu
ever tackled.
Railroad men point to the fact that their
expenses have very greatly Increased nnd
they have a jM-rfeet right to Increase their
Income to cover this loss. Shippers aln-xo
that the railroads are making money at
present rates and should not be permitted
to advance rates. So thero you are.
In this connection some interesting fig
ures recently have been published.
According to the Chronicle forty-eight
railroads report gross earnings fur May of
60,43;i,i76, an increase of $n2,I7l. or lii. 98
per cent, as computed with the correspond
ing period a year ago. While the returns
of lullroad gross earnings are not con
clusive as to the proseruy of the trade,
and business of the country, they Indiento
great activity. Even as to the roads them
selves the contin.itd growth ill their gross
revenue is an extremely gratifying leatuic,
showing as It does that new Income is Tutu
lug In to offset, in part at least, the great
use In expenses.
Then H. ii. imrjunder of Raltlmore, lit
an article for the current number of the
Annuls of the American Academy of Po
litical mid Social Science, shows that If
the values of the various "rights" which,
have been given to stockholders
of a selected nst of leading railroad
and Industrial c jrponitlnns be takuu
into consideration, tney have received a
net return on their Investments of from 6
to 33 per cent, after allowing 5 per cent In
terest on the original cost of such rights.
In only two Instances of tiie large corpora
tions which have issued "rights" tu their
stockholders nave tho tesults been unprof
itable to the latter. The shareholders ot
the Cleveland, Cincinnati, Chicago 4k St,
LmiiH, or the Rig Four railway, have sus
tained an actual loss of about 8.4 per cent
per milium by tuklng advantage of the
stock allotment niaiiu to tuem In 1905. whilo
Missouri Pacific shareholders have received
only aoout three-eights of 1 per cent per
annum on their investment These are ex
ceptional Instances.
The most remarkable examples of the
value of tho stock allotments and other
"rights" usually termed "melons" was re
ceived by tiie owners of various corpora
tions In the Oreat Northern railwuy. Mr.
luigunder shows thut upon stock bought
In 1893, the day before the first distribution
of rights by this company was mude, and
If succeeding allotments had been taken
up and paid for with money borrowed at
5 per cent Interest, the net income on the
original cost would now be 33.113 per cent
per annum. Another striking Instance Is
the Canadian Pacilfo railway, whose share
holders on a first Investment of 1901 hate
received an annual net return of 25.03 per
cut. The United Uuu Improvement coin
panels the most prominent among indus
trial corporations for tnls sort of extra
distribution, und the net return on ait
original investment In 1890, just before tne
first rights were Issued, Is now 19.665 per
cent per annum. All this Is after allowing
interest at thu rate of 5 per cent for tno
cost of the various allotments to date.
Some Interesting facts about passenger
traffic have been compiled by the railroads
in connection with the general advance in
passenger rates. These show thut passen
ger tratiiu last year involved 23 per cent
ui revenue of ull railroads.
Requires 40,02o cars, increase of 87 per
cent in ten years.
Number of passenger miles increases 153
per cent in ten years.
Revenue per pusseiiger mile decreases 11!
per cent In same period.
Passengers are given faster trains, more
expensivo cars, block signals, belter tracks
and beiier facilities.
At pretent rate per passenger mile, net
revenue is not suificltnt to pay interest
on cost of equipment and facilities, omitting
truck and general expense.
Under 2-cent fare laws, passenger re
ceipts .wero less in 1909 than in 190i; whila
service performed Is 6 per cent greater.
Much passenger business wus conducted
at less than cost.
It is easy to see that the members of the
Interstate Commerce commissions are going
to earn their salary and to come in for their
full share of cursing in tho near future.
The Rock Island intenus to organize a
settlers' Industrial agricultural department
and has tendered the chief position In tho
organization to Prof. 11. N. Courell, who
recently resigned as director ot farmers'
institute work in Colorado, expecting to
take up the directorship of the slate experi
ment station.
The Rock Island has 7,500 miles of line,
and In its territory evtry agricultural prob
lem hiis to be met; It covers not only tiia
corn, but the winter and spring wheat sec
tions, as well as ihe cotton belt und the
rice-yrowing sections. The company al
ready has ull immigration bureau, employ
ing 5,000 agents. Kuch family located by
them Is to come under the personal care of
the new agricultural commissioner, and
must bo converted through practical re
sults into a booster for the particular sec
tion in which he locates.
The commissioner will be expected to or
ganize a correspondence bureau, through
which questions put by prospective settlers
will be intelligently answered; to organize
a bulletin and pamphlet service; arrange
for co-operation between the bureau and
agricultural colleges und experiment sta
tions of thirteen stutes; urruuge for lec
tures, farmers' institutes and special Insti
tute trains; co-operate with the United
StateB Department of Agriculture experts;
arrange for publication in agricultural news
pipers of articles thut will benefit Rock
Island settlers; prepare nrtlcles to be used
by- country weeklies and dullles, and pub
lish an official news sheet.
Herbert & Goooh Go
Brokers and Dealers
OSsAIN VstOVI 31017 21 STOCKS
Omaha Offlo:, 113 Board of Trade Bids.
BsU Voone, Doug. 621; lad. A-Sl 1
0Lix ais a iiituzsT Kouaa
UT TatS BTATB.
this is Torm
CHANCE TO BB
CUBE AH IN
VESTMENT IN Alt
Oil. COMPANY IN
THfJ OBKAT MID
WAY FIELD Or
CALII-OBNIA.
Pacific OH Co. are: James It. Hoyle. oil - .
Los Angeles, Cal.
i
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