davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
WALL STREET QUIET
Strength Followed a Sluggish Open
ing and High Priced Coalers
Moved Widely.
Slump Follows and Stocks Fall Be
low Yesterdays Prices Close
Steady but Lifeless.

New York, May 2.-Of the few stocks
in which orders are executed at the open
Ing market to-day showed no changes
from last nights prices, and there was no
prominent stock in which the change ex-
ceeded V. Erie second preferred rose y
and Buffalo, Rochester & Pittsburg
jumped AZ. Westinghouse Electric
dropped 3. The ticker came to a stand
still within a few minutes.
Local stocks showed some renewal Of
yesterdays strength. Metropolitan Street
Railway and Third Avenue rose IL, and
Metropolitan securities liz. The high
priced coalers moved widely, Delaware &
Hudson rising ~ and Lackawanna 2Z,
while New Jersey Central was bid points
without a SALE Railroad stocks were neg
lected but the Mexican group ruled high
in sympathy with silver. Kansas & Texas
preferred and Smelling preferred advanced
a point and linseed preferred declined 4. f
An advance of 1A in National Railroad
| Of Mexico was based on the renewed
strength of the silver market. Prof1t-tak-
| Ing affected the market before the ap-
pearance Of the bank statement, and prices
weakened further on the large loan ex-
pansion shown. Delaware & Hudson lost
its gain and Metropolitan Street Railway
reacted a point. The general level was
carried below last night Minneapolis &
st. Louis lost 1A and Chicago Terminal
preferred and Kansas City Southern pre-
ferred 1A Westinghouse Electric recov-
cred to points over the last price. The
closing was steady but lifeless.
| Stock quotations reported for The Journal BY
| Watson & Co., brokers, Chamber of Commerce
| Minneapolis: faa+
| Closing figures are bid
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
WALL STREETS GUARDIANS
How the Cash and Valuable Securities
Are Protected Against
is ~ Thieves

Leslia,s Week]

Leslie g Weekly.
Aside from the city detectives and pa
trolmen in the financial district each
large bank and financial institution has
one or more special officers of it's own.
In the office Of j. P. Morgan & Co. there
are six. Other large banks have the
same number. These are not the only
safeguards against robbery in Wall street.
It Is customary, when any cash or valu-
able securities are taken through the
street from one financial house to an
other or between a bank and a safe
deposit vault, for two men to carry the
valuable property in tin box. The box
is swung between them, and sometimes,
though not frequently, these two men
are each handcuffed to the handle Of the
box. Then behind them walks one or
more of the special officers. Sometimes
there is only one officer and he follows
the men with the box, never allowing
them to be more than yard ahead of him
| as they walk rapidly through the street.
Sometimes there are two officers. Then
the second man will walk about six feet
behind the first, both Of them keeping
their eyes on the tin box that may con-
tain millions Of dollars in securities
| These special officers are, of course,
| armed and ready on the instant for a
fight Sometimes they carry their re-
volvers in the side pockets Of their coats
| sometimes in their sleeves For several
weeks the Seaboard National bank, while
I it's own vaults were being repaired KEEP,
its most valuable securities in the safe
deposit vaults of the Produce exchange
across Beaver street. The papers and
money were carried in four or five boxes
and these were fastened together by e
4 small chain, the boxes being about two
1 feet apart On each side Of each Of the
4 boxes, as they were carried across the
street morning and night, was one man
and both in front and behind the process
sion was a special officer. It was an In
teresting procession.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02

dealers and the market is anywhere from zoe
to 35c lower than the high point of last Mon
day. With light receipts the coming week q
reaction is looked for as, with more seasonable
weather and the near approach of grass, big
demand is looked for, for all kinds of desirable
h. stockers sold from 81. 35@4.6O, with the fair
to good kinds from $3.6544:25. Strictly good
share Of the light weight steers changed hands
at $3.50@3.9O, with the just fair quality steers
from $3@3.50. There was pretty good demand
hest sold from 2.s5G325, with the fairly good BOD
heifers from s2.50@2.s5. Bulls were in light
supply R and ranged from 50; 75@s5o.
The fat cattle receipts show considerable
falling of from last week and the shortage has
been in the more limited supply of butcher stock.
On Tuesday there was decline Of dime, but
with strong market since that time, prices
the market is steady with last weeks closing
beeyes sold this week from $47o@5, with the
bulk Of the lighter weight steers selling from
$4;35@4 g. The best of the butcher stock
sold from $3.75@4.2o and the fairly good cows
and heifers from $3@3.75.
Hogs-The marketing of hogs was not as heavy
effect Of curtailing the receipts at the close of
the week. The heavy marketing at all points
advantage Of the to BRING n bors doWn to
lower level. With hogs selling to-day from S. SO
@6.eo the market rules 2O@25c lower than the
weights show slight falling off from last week
:. sae9ep-There have not been sufficient sheep
to fill the wants Of the trade and the packers
nave been forced to get their supply at other
markets for slaughter at this point. There is
a good demand for fat sheep at relatively al
high prices as at other markets :
Receipts.Cattle. 500; hogs, 1850.
GO HogsnBig &c lower: Sales: SO, 200 lbs
Cattle--Mostly killers about steady. Sales: 1s
b b g., 40 lbsc, s4.25; 10. 1880 lbs, s455
aso lbs, So: III, 1,o4O lbs, s4.25; stockers'
10 lbs, $780, H. $50 lbs, 81; s, 8T6 lbs. 81 So
IL yearlings, $50 lbs, 1925; Il, $40 lbs 81; s.
Every,
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
THE CASH TRADE
FLAX rs FIRMER-CoRN EAs1ER-oATS
SOLD LOWER.

FLAX-The market was stronger and tending
higher and on such sales of No.. ! seed as
yesterday This was in line with the stronger
Armour is an influence for strength at the
head of the lakes In the local market there
is continued steady demand for everything that
as readily absorbed at current prices.
Minneapolis received 10 cars. against Z last
year, and shipped 0. Duluth received 20 cars.
Closing prices: Minneapolis cash. Sill; to ar
rive. Sill: May, $1.Os1a; July, 81. 1u1a.
CORN-The market firm but not quite
60 strong as yesterday No 3 yellow closed at
dc, Receipts, ) cars shipments, cars
OATS-Good active demand was reported in
oats. Prices, however. were weaker all around
and the average sale was under yesterday by
ceipts. % cars shipments, Il cars.
FEED AND MEAL-Coarser corn meal and
and is oats, $1625: No. 2 ground teed "a corn
and y oats, s1675: No. ground feed, 1-3 corn
MITlIsTUFFS-Millers say there is notice
able increase in the demand for split cars. The
tone Is steady and firm. Bran In bulk, Sl1;
shorts. $11.50: flour middlings, $3.50 red dog,
$40 f. O. b.: feed in 1OO-lb sacks, $3.50 per ton
additional; in 2OO1b sacks, 81 per ton additional.
Shipments 1910 tons.
RYE-There Is demand for good rye. No.
closed at AN @4s15c Receipts, car; ship
BARLEY-Feed grades are quoted 42@4ec;
mailing grades, 4e@52c Receipts cars; ship
Hay-Upland, choice. $12.50@13: upland. No.
H. S12612.5 so: upland, No. 2, S10@1O. so; midland,
$9@l1O; medium. $S@s5O; off color, $7.5O017:
1moth shoies sa1S imsts No pye sfra
! choice $5G55o. Receipts 81 TONS. shipments,
= % tons. fay.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
Total sales, 133.4o
MONEY REPORTS

NEW YORK, May 2.-The statement of aver
ages Of the clearing banks of this city for
the week shows Loans $914, o79, 600, increase
S13 353 500; deposits $685.. 200, increase $1s,
156 SOC; circulation s43 600, increase $4s 900;
specie $167 800, increase 1885, 200; reserve
S237 6N 900 increase $4735. 500; reserve re-
uuired $11, ISL, $50, increase $196,37 ex-United
States deposits $40, 1885, $50, increase $192, 675.
PARIS, May 2.-Three per cent rentes ST
s21hc for the account; exchange on London 25f
16c for checks
LONDON, May 2.-The amount of bullion tax
en- into the Bank of England on balance to-
day was E648 600. Gold premium at Madrid,
1920 American eagles, Sos 43sd.
Beet Sugar-May, IS 3Ad 45
& BERLIN, May 2.-Exchange on London 20
marks 49!a pfenings for checks. Discount rates:
Short bills, 81 per cent. Three months bills.
e GH liz May clearings ss2. $40. OFT; bal
ances, So, 112,97S. New York exchange, 20c
premium. Foreign exchange unchanged. Ster.
ling posted at $4.s4k for 60 days and $4.ss1a
ST. Paul clearings, 81, 165, 6os.97.
NEW YORK, May 2.-Time money easy. CT
days per cent; 80 days, 4@4A; six months,
AZ. Money on call, nominal no loans to
R sa4 fss sss
elearings, s114, 7s2. so7 balances, s14,s2f 1873
BALTIMoRE. May 2. Cleartngs, s. 742,4so
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
CHICAGO GRAIN
REPORTS OF DAMAGE By FROST STRENGTH
EN- THE WHEAT MARKET.

REPORTS OF DAMAGE By EhOSI SIdEN91a-
EN- THE WHEAT MARKET.
Chicago, May 2.-Wheat opened firm on higher
ing a shade to 1s@Ac higher at 73@73hc.
There was good demand for May and July
from commission houses and local shorts, the
latter covering freely on the current MONTH MONTH
to advance the prices hee: After selling at72Bc,
July steadied around 73Ac. Minneapolis and
Duluth reported receipts of 154 cars, which, with
made total receipts for the three points Of 1si
cars, against 280 cars last week and 2s1 cars a
year ago.
Fir1nness prevailed turnout the session, for.
frosts tonight tending to sustain prices July
. Close. wheat, May, 7sTc; July, 7sh @7sAc;
Cash wheat, No. red, 7s@7oc; No red,
69@76c; No. 2 hard winter, 74@75c; No. 3 hard
winter, TO@l74c; No. / northern spring, 7e@8Oc;
No. northern spring, 7S@SOc; No. 8 spring,
Strong cables smaller receipts than expected.
together with good cash demand, caused a firm
tone in corn during the early part Of the ses-
from that source holding prices firm, July be-
ing steady at 45@45Ac after opening I'M
changed to shade higher at 451s @451zc to
45Ac. Local receipts were lao cars, five Of
/ The market continued firm the entire day,
July closing Mc higher at 45A @453sc.
Close, corn. May, 44asc; July 45A@45%c;
se 6ash corn4 no an @45c; No 3, 44@44c
Close oats. May, s3Ac;' July, s2Ac; September,
20 y @295sc.
ing and prices showed little change during the
first hour. July was shade higher at the
start, opening at 31Bc.. fair cash demand with
small receipts strengthened influences. Local
receipts were I'LL cars.
The following was the range of prices:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
THE FLOUR MARKET
PRICES SLIGHTLY ADVANCED. DEMAND
REPORTED BETTER.

Prices were advanced to-day by SC a barrel
on all grades This advance is in line with the
strength in wheat, but is also due in part to the
fact that demand for flour has improved. The
domestic buyers taking hold a little more
freely. and sales to-day were larger than for
several days. In addition to this there Is an
increase reported in foreign inquiry for flour
and some fair sales were made to go abroad
yesterday and this morning, these said to be at
prices above the quotations Of last week.
4 The outlook has been improved by the re-
duction in rates granted by the roads at the
Chicago meeting Of Thursday, and millers say
the prospect for continued grinding of the
major part Of the mills is now favorable.
The foreign business however, Is due more to
the changing attitude Of the foreign -four buy
ers than to any freight concessions granted by
the roads. -..i ~
Shipments yesterday 49, COL barrels. .5... Z
First patents are quoted at 81. 1O@4. 90, sec
. ond patents $40l4.1O: first clears, $3@31O;
second clears, $2.45025O.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02

SIOUX CITY LIVE sToCK-sioux City. Iowa.
May 2lconditions governing the stocker trade
interests. Monday opened up with the heaviest
one days run SO far this year, total of 1856
cars or $500 cattle being received The deal
crs were ready buyers and started out buying
up the most desirable grades at steady prices,
NTH b pest time OF las. EEK ar ana IN
offerings. Tuesdays receipts footed up 2,4Go
head. and with very light country demand tic
trading was very slow and dragging and prices
took drop of 1O@15c before the close of -he
day. The bad weather later had its effect
on the trade and at the close of the week there
are great many cattle in the hands of the
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
UNFRIENDLY TO AMERICA
Castro's Overthrow Would Not Cause An,
Marked Degree Of Sorrow In the
United States Il

Washington Star.

. sFr w
American interests in Venezuela will doubtless
be safeguarded in the midst Of the disturbances
caused by the success of the revolutfonists Just
reported, despite the fact that according to the
dispatches the rebels have looted Barcelona and
have pillaged the American consular office.
American warships are not far from the scene
Of the fighting and can reach there in a short
thee There seems to have been no aim tho
part OF the revolutionists to destroy the property
Of Americans in particular, though the dispatch
states that "all stores were ptllaged, especially
those belonging to foreigners The Castro gov
eminent, which is apparently rapidly crumbling.
was inin1ical to the United States, and 1t would
have been surprising to find its opponents adopt
ing the same policy and displaying it by stroke
which would undoubtedly evoke at once the prac.
teal resentment of this country.
The downfall Of Castro Will not be deeply re-
GREETED BY the United States He has not per.
mftted the development of Venezuela which this
country would be pleased to observe He has
shown at every turn his animosity toward the
United States has blocked the efforts OF its min
in the courts and at one time even placed the
diplomatic relations Of the two governments in
jeopardy by forcing that minister, out of self
respect to withdraw for time from Caracas
He had evidently alienated his own people to an
extent which fully warranted early belief in
the success Of the revolutionsts, and their prog
ress has therefore not been at all surprising. It
is unfortunate that their success at Barcelona
should be marked by the horrors now reported,
for such actions will go far toward destroying
the confidence Of northern Americans in the Wis
the revolt.
| The United States wishes at all times for
the establishment of strong governments in South
! aud Central America. and 1t would be best
pleased with each Of the republics there firmly
established on basis of rational political sue
cession founded upon wisely extended and a
fairly guarded popular suffrage. It dislikes the
spectacle Of administration making by revolt and
at all times exerts its quiet influence to chech
the tendency to appeal to arms rather than tt
| the ballot as means of securing changes Of ex
j ecutive. Nevertheless, Castro's methods were sc
dictntorial, his course had been such fragrant
/ violation OF the principle of government that
! there was perhaps no other way to secure peac.
and content and prosperity to that naturally
rich country than By the usual South American
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02

CHICAGO LIVE STOCK, May 2-Cattle. re-.
CENTS, l00:A market nominal; good to prime
steers, $5955O; poor to medium. 81 25@5; stock
ers and feeders, $3.25@5.1O; cows. S1.5O@475:
h he .$2.5o@5; Gamers, $1.50@2. so; bulls
$$22.5o@74.5o; calves. $2.5o@6; Texas fed steers
Hogs, receipts to-day, s,ooo Monday, 80, 900:
iett over 2 s3 market steady mixed and
butchers, S6.6o@7.O5; good to choice heavy 81
-@a121s; rough heavy, Sc. snGl6.95; light. S. 60
@6;9o bulk of sales. S6.S5Gl7 Oh.
Sneep, receipts, 1000: sheep and lambs steady:
good to choice westerns. S4.75@5.5O: fair to
ch01ce mixed, S3.!5@4.I5; western sheep, 81. SOFA
$50; native lambs, s4.5O@6.9O; western lambs,
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
No. 8 oats, IS; No. barley, 2; No. barley,
10; No. rye, 16; No fax, 1873; rejected
RECEIPTS AND sH1PMENrs. MAY l

Received-Wheat, 1874 cars, ~, 800 bu; corn,
$500 bu; flour. 54i brls millstuns, 50 tons;
hay 81 tons; fuel oil cars; fruit des, e4s lbs
rel stock. cars; machinery, $3.50 lbs; coal
$40 tons; wood, 60 cords, brick, 1000; lime,
4 cars; cement, 46O brls; household goods, 1885,
marble. cars; live stock, 2 cars; salt, 1 car;
dressed meats, 11o,995 lbs; hides, pelts, ETC.,
"a 900; railroad materials, IL cars; sundries, As
cars. Car lots, 59S
shipped-Wheat, Al cars, 47,0oo bu; corn,
r2 s1 S oats as ss ' 0 aosS ss Dls
millstufrs, 1,s19 tons; hay, rs tons fruit 10000
lbs; merchandise, A25, 2lO lbs; lumber, "a cars;
$4,000; cement, $50 brls; household goods, 651,-
900 lbs ties, % cars; stone and marble, 4 cars;
rails, cars; sundries, 10 cars. Car lots, 781.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
A HEAVY MOVEMENT
Cattle Receipts This Week Were the
Largest Since the Range
Season.
Hog Receipts Also Heavy and Prices
Weaker in Consequence
Sheep Scarce.

South st. Paul. May 2.-Cattle receipts here
this week total about 6,675 head, compared with
week last year The weeks calf receipts to-
tailed about 5000, compared with 2, 445 last
week and 1,511 the same week last year. Not
withstanding the fact that the weeks receipts
were the heaviest since the range season opened,
and far in excess of the expectations of the
trade, beef and butcher cattle values have been
right up to Chicago prices and are not gener-
ally more than weak to 10c lower than week
ago, with this decline principally on the less
desirable grades, which have sold lower at all
points this week. Bulls have been in good de-
declined 25@ soc from last weeks close, with the
best grades selling to the best advantage.
Mich cows and springers have been In heavy
supply and the market from 81 to IS lower on
all kinds. The supply of stock and feeding cat
tie has been excessive. The demand for the
heavier grades, weighing upwards Of 700 pounds,
about 1Oc such weights, considering the very
large supply here the market held up exception
ally we'll. Little lightweight stuff, however
both steers and heifer calves has met with very
little favor, and in order to effect any kind Of
clearance statesmen were compelled to accept bids
averaging 25c lower on the better grades and
around 35@4oc lower on the extreme common
trash
HOGS-Receipts of hogs here this week total
| about 17,4OO, compared with 14,720 last week
and 11,4S2 the corresponding week last year.
During the first half of the week heavy supplies
both here and at eastern and southern markets
caused succession Of sharp declines, and at the
close or Wednesdays trading prices had been
forced down to a point 4Oc to 45c under last
weeks close. big dime advance Thursday,
however, and steady market on Friday I'M
proved the situation, and if no changes occur
to-day the week will close with the market 300
35c lower than at last weeks wind-up. The
bulk Friday sold from $685. to $685..
| SHEEP-Local sheep receipts have been very
| light again this week, the fresh supply totalins
only about 1855 head, compared with 1625 last
/ week and 673 the corresponding week last year.
The market reacted from the recent sharp de-
| lines this week and, while there has not been
/ enough received here to test the market thoroly,
a quotation of 25@4Oc advance the good class
| of both sheep and lambs Is justified Shorr
lambs OF local feeding brought $6.4O Friday that
1 would not have sold above Sc at any time last
week. For common and habitat stuff the de-
| mand has not been improved and such grades
are selling to no better advantage than last
! week.
! Estimated receipts at the Union stockyard.
| to-day: Cattle, 115; calves, 60; hogs, LOGO
| Cars, g.
! The following table shows the receipts from
! Jan. 1, 1903, to date, compared with the same
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
STATE GRAIN INSPECTION, MAY l

STATE GRAIN INSPECTION, MAY !.
Inspected observation-disclosures
Great NortEern-No i northern, 10; No. 2
northern 80; No. 8, 9; rejected, 2: no grade, q
Milwaukec--No. northern, 8; No. 2 northern,
16: No. s., -: rejected. Z; no grade, 2
St L0uis-No. 1 northern, IL; No. 2 north
ern a: No. g. 4; no grade, 1.
500 Line-No. northern, 10; No. north
ern 2.
Northern Pacihc-No. 2 northern, /,
Omaha--No. 2 northern, 2; no grade, 1.
Total-No. northern, 43; No. 2 northern,
Other Grains--No. macroni wheat, I; No.
winter wheat, 17: No. yellow corn. 9;
No 8 white corn, I: No. 4 corn, /: No. 2 white
OATS. Ii No. 3 white 13; No. 4 white oats, s;
No. 8 oats o; no grade oats, 2; No. rye, s;
No a barley, 2; No. barley, O. no grade bar.
lev. 81; No. northwestern fax, 2: No. fax,
ears Inspected Out-No hard wheat, 2; No.
4 northern wheat, 1928: No. 2 northern wheat.
i31; No 8 wheat, 43; rejected wheat, A; No. /
nlacaroni wheat 8; No. winter wheat, 10;
No white oats, 90; No. white oats, 10;
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
PROVISIONS

LIVERPOOL PROVISIONS May 2.-Beef-
Easy; extra India mess, S2s Sd. Pork-Firm
prime mess eastern, SIS Cd. Hams Short cut,
IL Il to ), IS lbs steady ca x as Cum
"a lbs 54s; long clear middles light, 20 to "a
lbs, 54s; long clear middles heavy, IS to 40 lbs,
52s Sd; short clear backs: is to 20 lbs, SIS Cd;
Square, II to 10 lbs, quiet Ais Cd. Lard-Dull;
prime western, in ties, 48s; America nrefned, in
pals, 47s Cd. a.5.- S. ,s-5%
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
LONG-FELT WANT,

Chicago News. ~
II have here" said the long haired theorist
as he was ushered into the presence of the rail-
way magnate, plans for a device that will
warn the engineer when any one is crossing
the track - -
Cant use, it, replied the busy official.
''What we want is something that will warn the
person who is crossing the track when the en-
gineer happens along that way
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
AN OLIVE BRANCH.

CnlCdSO RecOru-Hefald.
t'How did you come to select Olive as a
name for your baby?''
well. you see, my wife's father objected
to our marriage, and when the little one came
he forgave So thought it was no more
than right to let her have proper credit