davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
YEAR 1904 BEGINS WELL.

on the whole the year is beginning with
favorable prospects. Perhaps the enthusiasm of
last year is missing. but in it's stead there is a
sober realiza ton that excuses bring their
punishment in finance in nature. The lesson
has been dearly bought, but the price paid can
not be called too high. The United States at The
beginning OF the year 1893 began appreciate
the fact that "out OF nothing, nothing comes"
1t had passed through the Industrial debauch OF
1sc0-ly02 without seeming injury. We were given
TO understand. by me masters of great promo
ttOn syndlcates, that a new had arrived
that the precedents ana statistics of the past
we're no longer of use These same syndicate
managers may have believed il; In fact their
hopeless DRIFT toward the rocks OF adverse condi-
of their own false reasoning. That, however, is
neither here there. Those who followed them
lost Many who Gid not and who had neither
part parcel in their schemes. worse off
to-day by reason OF the universal injury innict-
ed on business. but thing is certain: the
year 1894 will witness no repetition OF pro-
action against such schemes is in fact at an
extreme. The country appears to be suspicious
of all new offerings. The large number OF gen
tleuen VINO sitting In offices around Wall
20 dispose of in despair over the outlook. but
they have only themselves 10 blame. Investors
DO not want new nGUstr!als: they would be elad
10 get lid OF their OLD holdings at a fair price.
In brief. they have learned caution and when
that word Is used BY the people in on
with Wall street the signs right. No nation
that 1t refused gamble. and the United states
for the year at least VIII walk virtuOusly past
the temptations OF the speculative market
The year 1893 taught Us eEnphatically and final
~ great fact, namely. that values do not
originate in Wall street. Twelve months ago a
considerable portion Of our population held to
now and during the year 20 come we NAV cx-
pect TO the old-fashioned principles Of honest
fact we regard as the most cheering Of the
new vear-Ihe Financier.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
TRADE IN GENERAL.


ST. LOUIS. jan 27-FIour steady. Red winter
patents. A45a4eO; extra fancy and straight 8. Is
40; clear, 50 40d3. 65. Corn meal steady 81 a.
Bran Gull; sacked, east track. s5qs7c Wheat
lower; No. red, cash. elevator. S0qS05sc; track.
s51zG96c May. Sz&0S47sc; July. 7S7sc; No. hard.
s29sStkc. Corn lower No. cash 43c; track. sc:
May 4el4c; July 455kc- oats higher; No. cash.
39ikc; track, 40c; May, 41c No 2 white, &c
Hay quiet: timothy, s7.50d12.Jo: prairie, sSa9.
Whisky steady y, at ssl3z Iron cotton ties slo5
Bacon steady: boxed extra shorts. $50: clear
5000; wheat II 900: corn 1900: oats s 900 ship
ments-Flour ll,OO0; wheat, $1,000; corn, $1,000:
KANSAS CITY, Jan. 27.-wheat-May. T4K0D
1850; July. T17sc; cash No. hard. 74q77c; No. B.
71a75c; No. red. ssa93lzc; No. 3; slq92e: Corn
4Oc: No. white. 4llzc; No ;. 40l1q4lc. oats-No.
white, Ss@Ssc: No mixed. CSC. Hay-Choice
5o Ts'' Receipts-Wheai is6 500; corn 5000:
cats. 1900. Shipments-Wheat. 10000; corn.
5000; oats 1900.
firm; No 2 red, CSC Corn hrmer; No. mixed.
45lsc Oats quiet; No. mixed 4ldhlzc: Rye
IS me bulk meats quiet at IS so Bacon steady az
S.75. Whisky, distillers finished goods dull. on
DULUTH. Jan. 27-Wheat-In store. No I
hard. size; No northern. S6c No northern.
ern sec; No. 2 northern, SS5zc; May, size; July,
S6Nc Oats-OD track and TO arrive, Sslzc.
TOLEDO. Jan. 27.-Clover seed-cloaed, cash
Sc 97l5 Prime alske Sc 30; prime timothy 81. 40.
Wheat-May. 91sc; July, size; cash. BIG
MINNEAPOLIS. Jan. 27.-Wheat-May, Ss% .
ss&c, July, S1se; September; 76%sc; on track
northern. SsBsc; No. 5 northern. s4as5e.
LIVERPOOL. Jan. 27.-wheat-spot. nominal
6 sd I%erican maed od m at as d
BALTIMORE, Jan. H.-Wheat-Close: January.
92l4c; May. $3.50. Corn-January. lss.c; February.
MILWAUKEE,. Jan. 27-BarIey dull; No. 1
&c. sample, 3Sq6lc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
LCith the Grain Brokers;
Present Market Conditions

Local receipts of corn show considerable
falling off this week This is due in part to
the railroads being able to move cars less
promptly than usual at this time of the year.
on account of the snow, and also on account
of the small movement from first hands. Farm
ers arc selling but little or no corn now in the
territory tributary to this market, and most
they have expecting higher prices in the spring
The receipts here yesterday were ten cars, as
compared with thirIy-sx the corresponding
tbSt eIrnost all the corn that has been COM
ing here for nearly week is stuff which has
been the road two weeks or longer time.
only the corn they haven't had storage room
for he said, and are selling almost nothing
now.
II is reported that Crabbs & Reynolds. the
well-known CrawfordsviIIe house, have in store
at Charlottesville and at Toledo between twen-
ty-fve and thirty cars of cloverseed If this re-
port is true, it is safe to say that Crabbs &
Reynolds are in position to exercise consider
able control over the cloVerseed marKet wen e
amount to about L, 500 bushels or 900 bushels 10
a car Cloverseed in the Toledo market is worth
worth between $4,000 and $4,000. But if TWEEN
ty-five cars of cloverseec were put on the mar
ket all at one time the pTaiCe would not stand
at 81 long If Crabbs * Reynolds have this
much cloverseed they will have to put it out in
small lots or they will break the market. The
hest demand for cloverseed is from the first OF
March until toward the middle of May.
A w. C.'Sandy'O Thomson-The action of the
wheat market Wednesday was repetition of
Tuesday. only on not broad a scale. May
wheat closed nc under Tuesdays closing price.
The bull side Of wheat has been worked to death.
and IL now looks like the bears are about TO have
their inning Corn closed without change from
the day previous. 1t sold &c over Tuesday
closing price early. but weakened off on the
break in wheat II breaks 10 Acc for May
to-day / would buy it. 1 look for big market
on the long side OF corn. Provisions were less
active. There was en- absence Of outside buy
ing and. with this support out OF the market. II
is apt OF some. on sharp break would
buy for moderate profit on bulges l would sell
for scalp.
II is the general pit opinion that as a result
Of the Sc break in May wheat Monday and Tues
day. one line OF 100000 bushels long wheat
belonging to n rich Chicago operator. has beer
SOLO ont on stor,-loss orders A big line OF thai
sort in the control OF a rich operator was ar
uncorn Portable prospect for the bull leaders Il
meant a lot Of wheat for sale at any time a
hiSher prices. The shaking of OF long lines Of
thar character was the feature OF the wild ex
h took a SC break 20 get rid OF some yer,
tenacious bull company.
Armour probably sold some more wheat yester
day. but this did not shorten his line any. al
he bought 100000 bushels of May Tuesday
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28

The return flow Of currency from the country
to the local banks has been proportonately
large thus far this year as the return flow
of the currency shipped by Chicago banks last
fall to the West and Southwest for crop NOV
shown by the Chicago banks in their state
ments TO the controller this week. The move
ment OF currency 70 the West by Chicago banks
last fall for the crop moving began some time
in advance OF the movement of currency from
reason the crop moving money is not returning
10 this point in large volume IL would
had IL been shipped to the country earlier.
There is another reason why the West sends its
crop-moving money back to Chicago earlier
than does the territory tributary TO the local
banks The West, whole. sells its grain
as soon. or almost as soon. as ii is harvested.
he did not this year The farming community
of this territory is in such prosperous condi-
ton now that the farmer can hold his grain
and his stock. too for that matter-for higher
prices II he 5oes not think prices at harvesting g
doing this year to a large extent.
Belt common reached a record-high price
yesterday-111. sale of twenty shares was
reported at this figure. Since JAN l this stock
has advanced points. The stock is a 6
per cent. dividend basis and the first Of this
year paid extra dividend Of / per cent. The
majority Of the stock is held pretty closely. it
mon, when II was still a per cent. dividend
basis. was selling around 20 and 50. great
deal of the stock was bought up for permanent
investment at that time.
The first sale of Traction & Terminal common
stock reported to the Stock Exchange for some
time was reported yesterday-100 shares at 3712
The issue has been quoted around this price for
some time. sale of Indiana Trust stock an
other issue that has not been active the
exchange Tor some time, was reported yesterday
at 162.
The total sales reported yesterday amounted
to nearly $4,000. This is the largest one day 8
sales of stock reported for a long time. Several
times this year sales of bonds reported one day
have exceeded s22. 900. but for the present de-
mand for stocks the business reported yesterday
is regarded as an excellent showing. The de-
mand for the high grade bonds has been more
active thus far this year than the demand for
stocks. but 1t is the general opinion that the
demand for stocks is on the increase again.
7
The $4,000 Grant county per cent, fifteen
year Jail bonds went to the Marion Bank, of
Marion. The institution paid a premium of
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28

The crowd didn't pay much attention yester-
day to the May option, and devoted more time to
that the traders who have got out OF the Ms1
on the break were buying July yesterday The
strength OF the middle-of-the-s delivery
would indicate that It had more support than
cIinb eafy oe Ell s 3Penng at SIN the July
carried II back to the opening price. but il did
not break below the opening. closing at s1%c.
and then fell back TO ssxc closing at thai
figure. Armour probably dumped some or ali
he bought the day before when he the price
The wheat trader had experience Tuesday
that is likely to happen at any time A break
of 2Ac and a rally Of 2s.c, all within a short
space of time. For while prices slid off 50
fast that most Of the trade assumed that more
OF the Armour lire was being unlloaded as on
Monday. The selling through a new set of
brokers. Spencer-Denniston sold 1000 90 bushels
and bought most or IL back later The buying
on on the decline was through a dozen brokers'
When the latter became visible the move OF the
Armour interest became plain. The bull com
pany was done away with and the shorts were
busy at the last getting their wheat back. VAL
entine was quoted as saying that he held more
wheat at the close than ever.
Reports on foreign crops are more satisfactory
than week ago. Broomhall. in his weekly crop
summary. gives the following conditions.
United Kingdom-The weather during mas,
week has been better than heretofore Franc
Germany. Italy, Hungary Roumania and Tul
garia-Since our report OF n week the vueath-
or has been fairly seasonable. Conditions at the
moment are. on the whole generally satisfsc-
tory. although more is desired Russia-
Crops are under snow and repo-ts are now
favorable. Stocks AT Odessa continue TO de-
crease. Argentina-New wheat is being offored
freely. India-Crop outlook continues favora-
BILE
The new rule recently adopted by the Nevv
York Produce Exchange, after being posted ten
days. will be effective all grain quoted after
Feb. l. The rules future contracts which
include additional grades and the Buffalo de-
livery. will be effective Feb. ! on all contracts
maturing on and after Aug J. Contract deliver
les may be made in lots Of Z. 90 bushels on anv
contract grade in licensed elevator New York
Buffalo. New York deliveries Will be as
heretofore customary, the Buffalo delivery will
be less the published at and east OF Tunalo
rail rate, additional izc per bushel equaliza-
ton. together With seven days free storage 10
buyer Instead OF the present three DAYS at New
delivery, the top grades being even With the
contract and the lower grades at discounts
follow: Wheat-Nc. red No northern. No
hard spring even; No. hard winter. No.
white, &c off; No. red. No northern spring
sc or No. 3 hard winter, &c of. Corn-No
white, No. white. 10. yellow, No. ? yellow.
No. corn. even; No. corn old, &c of: No
white No yellow No. corn, Sc of Febrl-
airy September, inclusive. sc of March to
August inclusive. Oats-NO. l white clipped
No white clipped No. white. No. white
and standard oats even. No. white CLIPPED
anc No. white oats. &c or.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Total sales for the day. 1884. 500
Chicago stocks.
IBy Albert r.. Thompson & Co.'S wire.I


Atchison adjustment fOurs. Observation-Disclosures. 1914
Atlantic Coast Line fOurs. 81
Baltimore & Ohio fours....... .10l&
baltimore K Ohio three and a -halfs...... 947s
Georgia fiVeS 105Ts
Central OF Georgia first inc. T0is
Chesapeake a Ohio four and "a halls. .103is
Chicago & Alton three and-a- halfs. II
Chicago Il. < Quincy new tours .-........... 931.
Chicago NJ x ST. Paul gen. fours ..........1oS
chicago q Northwestern consol sevens. I31ts
Chicago r. l. 4 Pacific II. X. fOurs. y
Chicago r. l. & Pacific X. r. col hves.. -. So
C. g. g & st. Louis gen. fours ............. 81
Chicago Terminal tours. ACKNOWLEDGEMENTS. So
Consolidated Tobacco fours................... 6oK
Colorado x Southern fours .................. S9ts
Denver x Rio Cirande fours. ...-....--..-..... IS
Erie prior lien 9S1
Erie general fours. S6r.
Fort Worth & Denver City hrsts- .104iz
Hooking Valley fourand a halls. .,..........I05
Louisville Il NASH unified fours ............ 9gis
Manhattan consoI gold fours. 1884.
Mexican Central 1854
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
COTTON REACHES NEW
RECORD HIGH PRICES
The July Option Works Up to $15.75
with All Other Months Above
SI5-SOuth Buys Literally.
IBy A. r. Thompson & Co.'S Wi

"a > y
NEW YORK, Jan. H.-The cotton market
opened off a points less favorable Liver
pool cables than expected but gradually worked
higher throughout the morning on a resumption
of buying by Southern and local bull leaders In
the afternoon trading became very active and
record-high prices We're again scored for
all options, in response to the strong market in
New Orleans where the bull pool were active
bidders for large amounts of cotton. The ad-
vance to-day accomplished without new de-
velopment any bullish feature that has not
heretofore been apparent. Traders who con-
again disappointed and short covering was an
important feature the advance. We advise
purchases of the summer months all good re-
actions The range:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Local Cash Market.

The local cash wheat market ruled quiet yes
terday and corn frmer. The range:
Wheat quiet; No. . red s31sc track; No. red,
93lsc milling freight; No. red, Gle track;
January, 93c; February 93c; wagon, 92c.
Corn frmer; No. white, 45c; No. white.
No. white mixed. 45c; No. white mixed
43c; No yellow, 45c; No yellow, 45c No.
yellow 43c: No. mixed. 45c; No. 8 mixed 45c;
No. mixed 43c; ear, Acc.
Oats steady; No. white Ale; No white.
40ikc: No. mixed, 40c No 8 mixed, 39ikc
Hay quiet; No 1 timothy. s11.25 No tino-
thy, s10.25.
Inspectons-Wheat: Unmerchantable. | car:
No. hard, /; total. Corn: No white
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Leading futures ranged as follow

Cash quotations follows: Flour was
dull and steady. Wheat-No. spring 75qS6c;
No 2 red. SSL Q91%c. Corn-No 9 46Zc; No 9
yellow, 4sc Oats-No. 2, S9Q4llzc; No. white.
39&q4lc. No. rye. 56l4c Barley-Good feeding.
3SQ39c; fair TO choice mailing 46G57c. Flaxseed
No l. s1.1O; No l Northwestern. s11s. Prime
timothy seed. 1925. Clover-Contract grade.
S112. Mess pork, per brl, s1320d13 40 Lard.
per 100 lbs. S.2711 Short rib sides Qoose), S. 451
so. Short clear sides (boxedl. s6.s7lk97. 121z.
Whisky-Basis OF high wines, $1.27.
Receipts-Flour 40. 300 brs; wheat. So 800 bu:
corn. 274.0o0 blu; oats. $500 bu; rye. $500 bu
barley, IA. 800 bu. Shipments-Flour. $500 brls:
wheat, sc. 200 bu corn 246, 800 bu; oats 1877, 400
bu: rye, :. 100 blu; barley. Is, 600 bu.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Wool.

LONDON. Jan 27.-The offerings ar the wool
auction sales to-day numbered 1880 bales mainly
enc rnerinos Some superior Victorian and New
south Wales caused animated competition. South
Australian and West Australian were in strong
demand for the home trade. France and Ger
many Scoureds were rather dearer- skin WOODS
were in strong demand. American buyers se-
cured several lots OF mcrin0s and fine cross
breds Following are the sales In detail. New
south Wales $50 bales. secured is 3d8is sd
greasy 6d0ls Id Queensland 1870 bales:
Secured Is lkdQls 1otad: greasy MI. Victoria
700 bales. secured 7ilgls fliad. greasy. 6isd .
1s I'd south Australia CO.. bales. greasy. 90 o
lis I'D West Australia lel bales; greasy. sad0
1Od New Zealand $500 bales; greasy. 6i4dals
ia Gaze OF Good Hope and Natal 60 bales:
secured. 9iadGis "a; greasy. edN3izd- Punta
Arenas 700 BALES. greasy "a 09d.
ST. LOIUs Jan. 27.-Wool nominal. medium
era des combing and clothing. 17R2lc. uEht fine.
l5QI7lsc: heavy me. lsc tub washed. -ou2oisc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
THE MONEY MARKET.
Rates on Loans and Exchange-CIear-
ings and Discounts.

INDIANAPOLIS.-Com paper per
cent; time loans. 51ad6 per cent.
NEW YORK Close: Money on call easy 1902
per cent; closing bid Ia per cent; offered 2
per cent: time loans firrner: sixty days. 3LlD
5ls per cent: ninety day. 3AG4 per cent; Six
months AZ per cent. Prime mercantile paper.
4i.G5l. rer cent: sterling exchange easier with
for demand ana al Si8304S3l0 for sixty day
bills Posted rates. 81 S3leGf4S4 and SISSY. Com
mercial bills Si.SZiz.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28

NEW YORK. Jan. 2s.-At the quarterly meet
ing OF the board or directors OF the Pressed Steel
Car Company. held here to-day, quarterly diyid-
ends Of Ia Ter cent. on preferred stock and
per cent. common stock. were declared The
annual statement for the year ending Dec 81
1903. showed net earnings OF s.. us. Ss7. a de-
crease OF u. scs. 2l7 from those OF 1902
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
SALES OF LOCAL STOCKS
YESTERDAY $50 SHARES
The Largest Transactions Were in
Belt Railroad Common mt no Ia
and 111-The other Sales

The following sales reported to the Stock
Exchange yesterday: 100 shares of Belt Railroad
common at HOY; 20 shares Belt Railroad COM
mon at III; 100 shares Union Traction common
at 301z; 100 shares Indianapolis Traction & Ter
minal at 37Iz; and 10 shares OF Indiana Trust
at l62 Official quotations:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Butter, Cheese and Eggs.


NEW YORK, Jan. 7.-Butter-Receipts 71S
packages. The market dull. Extra cream
cry. PC. creamery, common 10 choice, 15a2ic:
imitation creamery, 14Gl8c. state dairy. 14ql9c;
renovated. 12dl6c; held creamery, 14ql9igc. fac
tory 12GlFkc. Cheese-Heceipts. LII packages
The market steady. State full cream. fancy
small colored September, l2c, late made, lOi1c:
small white September. 12c. late made. l01zc:
large cOlored, September, lie; late made, 101zc
large white, September, l2c, late made. l0isc.
Eggs-Receipts, 2.5l5 packages The market was
firm. state and Pennsylvania nearby average
finest, CSC. and Pennsylvania seconds %
frsts, 36d3Sc. Western extras, 5sc western
hrsts 3Sc Western seconds. S6Q31c.
PHILADELPHIA. Jan. 2T--Butter steady: fair
demand; extra Western creamery, Doc; extra
nearby prints, &c. Eggs firm. &c higher; fresh
nearby. Csc at the mark: fresh Western 3sc:
Cheese steady. New York fun creams. choice 70
fancy. Ihall4c. New York full creams fair TO
good IG411c.
CHICAGO. Jan 27.-On the Produce Exchange
to-day the butter market was firm. creamerics
l5G25iLc: diaries. 13atsc. Eggs firm at 30l3ltzc.
at the mark. cases included Cheese steady at
l0gl0i2c.
KANSAS CITY Jan. Eggs steady; Mis-
souri, and Kansas stock. cases returned. Sc:
new No. . whitewOOd cases included. &c.
ST LOUIS Jan. 27.-Butter quiet: creamery
lea2 &c: dairy. 13Ql7c Eggs lower 29c. case
count.
CINCINNATI Jan. 27.-Butter steady. Cheese
steady Eggs firm at zoe
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Money Rates Abron

LONDON.-Money per cent. discounts. 2aQ
Der cent. Consols SSc
PARIS.-Three per cent. rentes. OF 75c for the
account Exchange on London, PSI Ice for
checks
BERLIN.-EXchange London. com 5pf for
checks Discount rates: Short bills. per cent;
month bills. 2& per cent
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28

cars: No. 4 white. l: No Mixed /: No
mixed, 4: total 10 cars. oats: No 2 mixed,
1 Hay: No. timothy. l car.
THE WAGON MARKET.
Corn-Old. 45d5Oc: new. 40as5c
Oats-Sheaf SSql0 per ton; new, shelled oats.
37Q40c per bu.
Hay-Clover. S7.5OGs; timothy. sioOau: new.
mixed. sl0a11; millet, sSg9.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28

NEW YORK Jan. 37-rhe dry goods market
was in a N-sry excited ccn,dtion as a result ~
the feverish situation IN Jaw cotton. Advances
are being constantly mate and DO prices ar
CONTINUED ON PAGE II. col. "a
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-28
Local Financial Gossip:
Bankers and Brokers' Talk

s5S75 for the issue. The bonds will net 3is per
cent; on this basis. and being nontaxable. will
houses Of indianapolis Chicago Cleveland and
Cincinnati bid for the bonds The Marion Bank
viii not put any of the issue on the market.
AS indicated the losses by the subtreasury 10
the New York banks-orly sS96.0OO since last Fri
day-it does not look now If the bank state
ment this week Will show large increase in
the deposits as was shown by last weeks rec
ord-breaking figures. The increase last week
was due in a measure to the shifting of trust
company deposits and was not forecasted IN tuil
by preliminary estimates.
?
A. w. Thomson 0rom Logan & Bryans Wall
street house)-1he chances seem TO be more
probable for manipulating the bull side Of
the stock market rather than for much Of a
break from this level. and we think any Of the
well to buy on the declines The indications are
that we Will have continued good traueTs
market. sending solution Of the Russo-Ja-
panese situation
Meyer & Kiser from Bartlett Fra
zer & Co.'S Wall-Etreet house-The prime
consideration during the next few weeks VIII De
the monetary situation. The bank statement this
week will undoubtedly snow a heavy gain in
cash. but it will also record a further advance
in the loan item. Funds are still coming from
the interior, but this will be continued for
more than two weeks longer. There are TWO
periods in the year when funds go out from the
East and the financial center Will undoubtedly
be cognizant of this fact during March as IL
was during the months of October and Novem-
Der. There is reason to worry apout the
money market and money is likely TO continue
easy for a long time to come. But 1T is not a
question whether manipulation can be continued
indefinitely in the market without pelhg nut
finiteIy reflected in the money rate. Time money
is even now perceptibly harder. but this Is due
especially to corporate borrowing.
AS indicating the improved demand for high
grade bonds, y. W. Harris & Co.. the we'll
known Chicago house. report the following sales
within the past fortnight: 100000 New York
city three-and-a -halfs $4,000 Moline Qll) four
and -a-halfs $500. 900 Allegheny county tPa)
tours $3.50 600 Pere Marquette first mortgage
our-and-a-halfs. Sl50,000 Illinois Central tours;
$3.50 900 Tacoma Eastern Railway ives, $4,000
Chicago Edison hves, s250.O0 Union Electric
Light and Power Company est. LOUIS hVes'
500 COO Grand Rapids Railway Company hVes,
$50 600 Des Moines City Rsilway Company hves.
hala in he K