davidaulloa/AmericanStories huggingface dataset:
Smyrna times., 1904-10-26
Furniture
Coverings
Sale of Remnants

There's nothing so attrac-
tive to the home lover as APP
propriative furniture cover
ings. With this variety for
your selection the most fas-
tidiOus, as we'll as the most
economical, find suitable Sc
lections an easy matter. This
list shows the price range:
Silk Gobelins, 81. so, $500,
$3.25, $3.50, $3.75, $500
and S4. so the yard.
Tapestries, $I.15, $I.25,
SI.3o, ST.. so and $500 yard.
Veronas, exclusive designs,
SI.8o, S2.25 to $500 the
yard.
No need to hide that old
chair or suite on account of
worm looks. A rare oppor-
tunity is offered for recover
ing them at little cost.
The list includes:
Velours that were SI.oo
and $3.50 the yard, now soc
and 75c the remnant of I and
yards.
Veronas that were s.. .25
the yard, now 81 rs and So. so
the remnant of ~ to 213
yards.
Gobelin Tapestries that
were 1915 to $3.50 the yard,
now 81 to 81 the remnant of
to 81 yards.
Second Floor.
The Indianapolis journal., 1904-06-04
Price on Speculation.

The recent orgies in the cotton market
which deranged the entire cotton textile
industry and many other industries de-
pendent upon the cotton output. and which
ended in the spectacular overthrow OF the
Cotton King. have been the text of
much sermonizing throughout the busi-
ness world. 1t would be natural that at
the convention of cotton manufacturers at
Washington, the subject of speculation
should occupy much attention. Mr. Theo-
dore Price. of New York city. than whom
none would be better qualified to speak
urged more rational views upon the SUBJ
ject than generally obtain. He said:
Any broad view of the machinery of
modern commerce must concede two prop
ment of commercial or industrial activity
that does not contain some elements of
specula ton. and. second. that whatever
political progress the world has made in
the last twenty centuries is undoubtedly
due TO the greater freedom of contract
and larger liberty of individual action
from time 10 time insisted upon and Sc
lent or peaceful revolution
Granting these two propositions" said
Mr.. Price. lit must be admitted that the
right to speculate will continue TO be as
inviolable as the tendency toward specua-
tion is persistent. and IL is well here TO
remark that the nations and the individ-
uals whose progress both financially and
socially has been most conspicuous are
those In whom the speculative trait has
been most markedly developed Gambling
is a hazard without intelligence; specula-
tion presupposes an intelligent theorizing
with regard TO the operation contemplated
whatever IL may be. and IL seems TO me
that for all time II will be an nseIarable
concomitant OF human progress
The Indianapolis journal., 1904-06-04
STOCKS GROW fIRMER
ADVANCES IN A FEW STOCKS
HARDEN THE ENTIRE LIST.
Recovery of Prices Could Not Be At
tributed to Leading News OF the
Day-New York Gains Currency.

NEW YORK, June 3.-During the first
hour of to-day's market there were few
buying orders executed in a number of
stocks, lifting them TO a higher level and
causing the general market TO harden in
sympathy.
The movement was not pursued and the
market fell into intense dullness, with no
evidence of a disposition either to buy or
sell. The undertone was kept firm by the
absence of selling pressure. but the market
was as stagnant as al any time since the
present neglect set in.
The recovery in prices was not accounted
for by anything in the days news. Exces-
sive rains in the grain regions were count
ed against the prospects of the crops, and
some rather sensational reports circulated
in Wall street of damage by floods.
The nervous tone in the cotton market
gave rise TO some rather disturbing rumors
of money troubles growing out of the con-
ditions in that market, but the effect was
ignored on the Stock Exchange. An un-
official estimate on the acreage on the
present crop and the June l condition were
paid more attention to in the stock market
than were the movements in the cotton
market itself
The estimates of the weeks currency
movement indicate a continuance of the
flow to this center, although the New York
gam seems 10 DC less tndn last week, anu
New York exchange at Chicago is rising
slightly. With the gain on subtreasury
operations there is promise of an increase
In cash of over 1,O00, 600 to be shown by to-
morrow's bank statement.
The statement of the June / money in the
country was of interest. showing a de-
crease of but $23 ,2lS for May in spite of
the heavy outgo of gold The months de-
crease is more than accounted for by the
decline in gold coin and certificates But,
compared with year ago, the amount of
money in circulation has increased $127, 105,-
092. of which $50, 0,251,979 was in gold coin and
certificates.
of gold. unprecedented as it is in volume
for the period covered, is thus understood.
Permission was given to-day for the tele-
graphic transfer to New York of 81. .750, 900
in japanese yen to arrive in San Francisco
next week.
The reports of net earnings for April of
the Union Pacific and the Southern Pacific
were decidedly more favorable than has
been the rule for that month, the small in
crease in gross being supplemented in both
cases by small decrease in operating ex-
penseS, which augmented the gain in net.
The stocks of those roaoS were even more
dull and Indifferent than the average of the
list
The strength shown by the coalers was in
spite OF the April statement of the Lehigh
Valley, in which the small gain in net earn
ings by that railroad was more than wiped
out by the loss Of the coal companies.
A fall in the price of copper was without
effect on stocks. The fractional advances
in the coalers and in United States Steel
preferred made the closing firm, with prices
well maintained.
Bonds were irregular. Total sales. par
value, I,I0,O0. United States new fours
advanced Is per cent. on call.
Sales and the
The Indianapolis journal., 1904-06-04
DEVELOPMENT IN THE
KANSAS OIL FIELD.
Special to the indianapolis Journal.

Special TO the Indianapolis Journal
COFFEYVILLE, Kan. June 3.-Activity
in the Kansas oil fields the past week has
been confined mainly to auxiliary work. rig
building, installation of pumping plants.
repair and general overhauling of tools
There has been considerable drilling. but
the results have been rather meagre.
In the -Coffeyville field John Odell. of Chi
cago. brought in his No. 16 on the Davis
farm. 1t was found at the 60O-foot depth
and is one of the best. The yield will be
about 100 barrels
In the Independence field F. NJ. Aiken &
Co. have brought in a nice well the
Bredehoft farm. 1t is good for about forty
barrels. The sand was struck at depth OF
800 feet. The Century Oil Company brought
in its No. on the Bell farm in the Way
side pool Monday. The well is good for
about sixty barrels and is equal in size to
the other good wells on the farm.
The New York Oil and Gas Company
brought in fine well on the Kaufman
land, southeast of Independence Monday.
The oil was struck at a depth of 7s5 feet
and is said TO be good for not less than 100
barrels day.
In the Humboldt field the Jackson &
Eastman Company has drilled in its first
we'll at a depth of 800 feet. The sand was
eighteen feet thick and will yield not less
than twenty-five barrels of oil. The Fideli-
we'll this week on the Work farm just east
of Humboldt 1t is good for twenty bar
rels.
In the Chanute district the Kansas Crude
Oil and Gas Company brought in its No. %
on the Mann land Saturday Ii is good for
fifty barrels a day. This company has some
fine wells on the Mann land. The Columbia
Oil and Gas Company brought I'm its No. D
on the West farm Monday morning The
sand was found at s7i feet. and the well
will yield ten barrels. The Auro-
ra Oil and Gas Company brought
in a good fifteen-barre we'll on the
company's holdings southeast of Chanute
Saturday. The sand was forty feet thick.
In the Neodesha district the Prairie
Oil and Gas Company brought in
its No - on the Skiles land.
1t is good for thirty barrels a day
The company has a lot of wells on the
Skiles place The Kansas City oil and Gas
Company drilled in a splendid well on the
Long farm southeast of Neodesha. IL is good
for a flow of not less than seventy-five bar
rels a day The sand was found at 800 feet
and was thirty feet thick.
The Indianapolis journal., 1904-06-04
COTTON FUTURES.

NEW YORK, June 3.-The cotton mar
ket opened firm at an advance OF 6d2a
points on covering in response TO very
strong Liverpool cables, the better spot
demand in that market. private cables re-
porting the possibility OF fun time in Man
chester. The New Orleans market was
closed for the day. but warehouses here
with New Orleans connections were active
sellers at the opening advance. and these
offerings seemed TO convince the local con-
tingent that the. Southern bulls still had
cotton TO liquidate through the local mar
ket.
This started a renewal OF bear pressure
and the market soon after the call declined
TO about ll57c for July. Later II rallied
again on covering by the smaller shorts.
owing 10 the continued firmness OF the
Liverpool cables and just before midday
sold up 10 II 79c for the summer months,
while the new crop. Influenced by favor
able weather reports. ruled relatively
heavy.
The estimates for Saturdays receipts al
leading points were full and helped 10 de-
press the market in the afternoon when
there seemed 10 be some Wall-street bear
pressure, and prices again eased on. reach
ing the lowest point OF the session when
July sold at l.55c. and the general list
showed a net loss of points 10 ad-
vance of points
In the late trading the market was lit
tie steadier on the covering OF room shorts
who seemed desirous OF evening up In view
of the government report tomorrow and
for over Sunday. where there might b.
change for the worse IN the weather. al
though present Indications are for favor
able conditions and the close was steady
with the old crop net 10 II points higher
and the new crop months unchanged 10 J
points lower. Sales were estimated al 49,
900 bales.
The Indianapolis journal., 1904-06-04

The local securities market showed what
may be termed cumulative activity yester-
day. One sale, 5000 Merchants Heat and
Light fives, was made on the call, and sales
aggregating $1,000 of bonds, par value and
5000 of stock, par value, extending back
over the entire week. were reported. The
Belt common went at good, firm price.
tri1e under the last selling price. The
Water fives. Street-railway fours and Mer-
chants Heat and Light fives went at and
around last previous selling prices.
The effect of the decision in the Consumers
Gas Trust case upon the stock of the COM
pany was seen yesterday in an advance of
200 points-s2 .59-in the bid on the Exchange,
to 1900 This is the first time there has been
any change in the quotations on Consumers
Gas since the furry, some two months ago.
The stock Is not offered at any price now.
Outside of the sales and the advance in
Consumers Gas Trust stock. the feature
of the market yesterday was the weakness
of Union Traction, especially the common,
and Indiana Union Traction. The bid for
Union Traction common opened at IS and
advanced to n. This is the lowest fiat bid
for Union Traction for months. The stock
was offered down to 26 fiat, which is the
lowest fiat Offering price for a long time.
There were no sales of the issue. There
was no bid for the preferred. Indiana Union
Traction opened at bid and closed at 5,
with no sales The ask price was IA Amer
lean Central Life advanced to 9412 bid. Clos
ing quotations:
The Indianapolis journal., 1904-06-04
NEW YORK MARKET.

NEW YORK. June 3.-Flour-Receipts,
1903 brls: exports. 1864 brs. Flour showed
better inquiry and was steady. Rye flour
steady. Corn meal steady. Rye slow. Bar
ley dull.
Wheat-Receipts, 5000 bu Market strong:
No red. nominal. elevator; No. 2 red.
81 1434. nominal. T. o. b.. afloat: No l north
ern Duluth, S1.Oo12 (. o. b. afioat; No. / hard
Monitoba, nominal. f. o. b. afloat. Options
opened stronger on renewed bad weather
and crop news, but eased off under profit
taking at noon. In the last hour, neverthe-
less, they turned strong again on very bull
Authorizes and closed TsaISsc net ct o. higher
July, 921sd94 1-l6c. closed at 94c; September
SIS 5-16ds6lzc. closed at s6ssc December. S47s
Corn-Receipts. 1925 bu. Spot firm; No 2
5sc elevator and 5Sc (. o. b. ahoat: No. 9
yellow. 6oc; No. white. soc. Option mar
and continued bullish crop talk but weak
ened with wheat. Later there was a second
advance on the wheat strength. final prices
showing sc net advance. July. S61s@56Ssc.
closed at 56Ssc: September closed at 55asc
Oats-Receipts, $4,000 bu: exports l25 bu
Spot steady; mixed oats. 26d32 lbs, 45Iz6 Acc; /;
natural white. soqS2 lbs. iS1sGi9c; clipped
white SO 10 40 lbs, 50G52c.
Hay quiet. Hops steady. Hides steady
Leather steady. Wool steady. Coal nom
inal.
bellies. s6.5oa7. Lard firm; Western
steamed, $3.50 refined steady: continent
$500: S. A. $50; compound. $3.50 s7la
Pork quiet.
Rice steady. Molasses quiet Coffee-Spot
Rio steady; 40. Z. invoice, 62.c: mild steady.
Sugar-Raw steady; refined steady.
COFFEE FUTURES.
The market for coffee futures opened
steady AT decline OF 5n1O points follow
ing rather disappointing French cables and
the disappointing decrease in the world s
visible supply. which lost only s.1oi bags
for the week, being now 1860, 26S bags.
There was comparatively little offerings.
however. and with importers buying mod
erately the market ruled fairly steady un-
I'll late in the session when withdrawal
OF support was followed BY further break
The Indianapolis journal., 1904-06-04
Local CaSh Prices.

Wheat steady; No. red. s1.05 track; No. 2
red. sl0o milling freight: No. red. s1O2
track; June. sl.O2 track; July, SIC track;
August. SIC track: wagon. IO5
Corn firm No. white. 4s1sc; No. white,
4Slac; No. white mixed, 4S1ac: No. white
mixed. 4S1ac; No. yellow, 4Siac; No. yell
low. 4S1zc No mixed. 4s1zc; No. 3 mixed
4S1zc; ear. SOC.
Oats quiet; No. white, 4Sc; No. white
4211c No. 2 mixed, Ale; No. 3 mixed, nomi-
nal, 40i1c.
Hay steady; No. l timothy. $685. No. 2
timothy. s12; No. / clover, mixed, $11. .25
wheat straw. $3.50; rye straw, $780, oats
straw $3.50
nspections-Wheat: No. red, cars
Corn: No 2 white, 3 cars; No. white 81 ;
No. white, 4: No. yellow l; No. yell
low, /; No. mixed, /; No mixed 9; no
grade, g. no established grade. /; total "a
cars. Oats: No. mixed cars. Hay: No.
l timothy, cars; No. timothy, /; choice
timothy. l. No. 2 clover. mixed, /; No. l
clover. mixed, /; total. cars.
WAGON MARKET.
Wheat-$.05.
Corn-55q5sc.
Oats-sheaf. sSd10: shelled oats, 4sa45c
per bu.
Hay-Clover. slOQ11 timothy. sl2al3 to
s16 mixed. $12q14; millet. sSQ9.
The Indianapolis journal., 1904-06-04

terday was an advance IL the price of both
new and old potatoes. On account of rain
in Texas receipts yesterday were considera-
bly, reduced and the price was accordingly
marked up. The new went from s1.25 10
81. 40. and the old product was advanced
the same amount. to 70. Receipts are
expected TO be heavier to-day and Monday
and the price of the new product likely will
be Is or 20 cents lower the first of the week.
Supplies OF cantaloupes are getting much
heavier and prices flower. In crates of
from fifty TO sixty they are now quoted
at $3.50 TO s. AS the season advances the
price will gradually seek a lower level.
There will be no really large cantaloupes
on the market until the Indiana melons
come m The Florida melons, which are
supplying this market, are much smaller
than the generous-sized Indiana cantaloupe.
The Indianapolis journal., 1904-06-04
FOREIGN TRADE GROWS
THIS Is BEST FEATURE OF THE
BUSINESS SITUATION.
Labor Conflicts and IncIement Wealth
er Interrupt Progress in Trade
and Business Circles.

NEW YORK. June 3-R. G. Dun & Co.'S
Weekly Review of Trade tomorrow will
say:
Interruptions of industrial progress by the
holiday. labor conflicts and inclement
weather again produced a somewhat unsat-
isfactory trade situation. Yet the money
market is easy and accommodation readily
obtained in legitimate business channels.
Liabilities of mercantile failures are COM
paratively small, indicating that most con-
Germs have prepared for a quiet season and
able to Withstand period of dimin-
ished sales and tardy payments. This con-
servative attitude is the fundamentally
strong feature of the situation, and when
business revives there will be no pressure
~ispose of heavy stocks of undesirable
goods. More manufacturing plants have
reduced hours or wages and several strikes
have added to the army of unemployed.
No definite change is reported in the iron
and steel industry. quotations being barely
maintained and new contracts placed with
great discrimination. More machinery has
stopped at some concerns and running time
Is reduced at others. The impression Is
gaining ground that the decline in quota
Is less disposition 10 secure new contracts
by making concessions.
small orders Tor structural material are
being placed and there is fair move
ment In pipe and plates. bat the demand
for rails. rolling stock and. other railway
equipment Is distinctly unsatisfactory.
In several departments of industry prices
have declined sufficiently 10 attract busi-
ness from abroad. and this increase in
ports Is the best feature of the situation.
Little change Is noted IN textile manufac-
turing conditions. primary markets for cot
ton goods finding buyers proceeding with
caution, and spinners show increased will
ingness to consider orders for future deiv-
cry.
Improvement is maintained in wooden
goods the demand showing greater diversi-
fication- Wholesale clothiers exhibit more
confidence by making better provision for
their needs during the balance of the sea-
son New England manufacturers of foot
wear are receiving more supplementary
fall orders. and travelling statesmen are do
ing a large sample business in next springs
tan and russet goods. while manufacturers
are extending facilities in this branch of
the trade Leather is dull
Commercial failures this week in the
Emitted States are go. against 226 last week.
236 the preceding week and 1S2 the corre-
spending week last year. Failures in Can
ada number 26. against II last week. IL the
preceding week and IA last year.
The Indianapolis journal., 1904-06-04
BROKERS VIEWS ON
THE STOCK MARKET
IA. w. ThomSon.l ]

NEW YORK. June 3.-The stock market
to-day was without feature. and was linn
tied to less than 10000 shares. Reports
from crop territory indicated continued
rains and floods. but this factor passed un-
noticed. the view being taken that it was
too early to figure on crop results. Heavy
rains are not feared by farmers so mucn
as hot winds of August. Increases gross
and net on the Hartman lines for the
month of April created little enthusiasm
Reading and Ontario & Western continued
strong on moderate transactions. Bank
gain of S7,500O00 cash being shown for the
week and a good reduction OF loans re-
ported. Market closed with some little
animation at about best prices, under the
lead of Ontario & Western and Reading
Without any unexpected unfavoraDle 1ea-
lures during the coming week, we expect 10
see a strong rally throughout the entire
list.
&c. F. Braulik & Col
NEW YORK, June 3.-Stocks were weak
early, especially the industrials. but 1t was
only temporary, for while ii was a dull.
uninteresting traders market, what trans
actions took place were gradually made at
enhanced values. This continued all day,
and the closing prices were about the best
of the day. Reading is especially worthy
of mention, as 1t has held we'll through all
the stagnation, and from its fine showing
in earnings will sell much higher as soon
Steel preferred also will do much better.
Buy these and Pennsylvania, Atchlson.
Union Pacific and Southern Pacific and the
Goulds.
The Indianapolis journal., 1904-06-04
ng futures ranged as follows:

Cash quotations were as follows: Flour
quiet and steady. Wheat-No. spring.
94d97c; No. 3. S5696c; No. 2 red, s1.O4q1.05.
Corn-No. .. 5OAQ5Ol9c: No. yellow, 51hq
511ac Oats-No. 2. N24Q42c; No. 3 white,
42G44Ac Barey-Good feeding, 3Sq42c;
fair to choice mailing, 45d56c. Flaxseed-
No. l, 81; No. / Northwestern, s1.0l. Prime
timothy seed. s1.O61a. Mess pork, per bbl,
sl1. .65Gll.70. Lard, per 100 lbs, s6. 1916 421a
Short rib sides Qoose), se.5Od6.75. Short
clear sides. Sc. 6.5NQ675 Whisky-On basis of
high wines, SIPS. Clover-Contract grade,
s10.75.
Receipts-Flour. 47100 brls; wheat 1900
bu; corn, 362, 500 bu; oats. 400 bu: rye,
none; barley, 23,l00 bu. Shipments-Flour.
oats. 1O6.zoO bu; rye, $500 bu; barley, 1850
bu.
The Indianapolis journal., 1904-06-04
Poultry and Other Produce.

tPrfces Pad by Shippers-)
Cheese-wisconsin. 13c: New York full creams.
I3c. Swiss. l6c: brick, l4c: limburger. l2c.
Poultry-Hens. &c: cocks. &c: capons, 12c:
young ducks. &c: geese. sc per ID.
ButteT-Choiee roll. l0c; Elgin creamery, 2Sc;
state. 2fc.
Eggs-Steady 13izc.
Wool-Local dealers paying for wagon lots.
Good medium merchantable unwashed. lie:
coarse and braid. 15c; heavy merino. l0d12c:
half-blood. l2Ql4c; bury ana cotted. 124lsc.
Western. 12c.
Feathers-Prime geese soc per ID; prime duck.
2oc per ID.
Beeswax-3oc for yellow. 25c for dark
HIDES AND TALLOW.
Green-s -salted Hides-No. /. 7Ac; No 2 SIC:
No. calf, 10c; No. calf &c.
The Indianapolis journal., 1904-06-04
HOMEGROWN STRAWBERRIES
ARE GETTING PLENTIFUL
- Southern Bcrrics-Potntoes Adj
snnce - Cents-Quotations

The last shipment OF Southern strawber-
yies of the season will be received here to-
dar. Beginnifg Monday the market will be
supplied entirely By the homegrown ber-
ries.
The first home-g. own berries of the sea-
sen were on the market yesterday. They
were of a fine quality and much better
than most of the Southern berries seen on
Commission row. The homegrown crop
VIII begin To ripen rapidly enough the first
OF next week TO entirely supply the market.
Tho ervp Is large this year.
Receipts of Strawberries yesterday were
h5srai and prices were reduced from x20
= = "A crate 10 $1-.5 fat. Monday the home
gown berries VIII start around sz a crate
4he feature Of the vegetable markets yes-
The Indianapolis journal., 1904-06-04
Oils.

OIL CITY, June 3.-Credit balances, 81 SO;
certificates, no bid Shipments. 69.362 brls;
average 81, ,403 brls; runs June ID, S9013 brls.
Shipments Nima). 1924 brls: average, IS,
$40 brls; runs Qima). 55.sT6 brls.
CHARLESTON June 3.-Spirits of tur-
pentine firm at 5311c. Rosin firm; A, B, c,
d, 81 80: E, s255: F. $3.50; G, s2.75: II, 81. so;
l. 50; X, $3.50; NJ, S3.55; n, 1913; window
glass 50 90; water white, s4.25.
NEW YORK. June Shallow firm. Cot
ton-seed oil quiet; prime yellow, 2SG2S15c.
Petroleum steady. Rosin steady. Spirits
of turpentine quiet.
WILMINGTON. June 2.-Spirits of tur-
pentine firm at Sc. Rosin firm at $2.50
Tar, $3.50 Crude turpentine firm at s2.2
"a and S4.25.
weak; North Lima, s113; South Lima and
Indiana, $1.0S.
SAVANNAH, June 3.-No markets; holi-
day.
The Indianapolis journal., 1904-06-04
Cotton.

NEW ORLEANS, June 3-Secretary Hes
ter's statement of the worlds visible sup
ply of cotton is 2.i44,51S bales. against 1856
755 bales last week. OF this 1873, ,513 bales
are American, against 1,467,755 bales last
week.
NEW YORK, June 3.-Cotton-Spot closed
quiet; middling uplands. 12c; middling gulf,
u 25c; sales, 476 bales
The Indianapolis journal., 1904-06-04
Dry Good 4.

NEW YORK, June 3-The dry goods
market is in the same undecisive state
which has marked its condition for the last
few weeks, although in certain instances
sellers feel more sangune of improvement
They look for turn in the material
and a consequent Improvement in piece
goods. Buyers are undoubtedly holding
back a good many orders until they be-
lieve the time is ripe for placing them.
The Indianapolis journal., 1904-06-04
New York Rates.

NEW YORK.-Money call easy at lN
IL per cent; closing bid, per cent; offered
al IA per cent. Time loans easy and dull
sixty and ninety days. 2Q2i1 per cent six
months. 21z@31 per cent. Prime mercan-
tile paper, 324G4l4 per cent. Sterling ex-
change firm, with actual busiAss i'm bank
ers' bills at s4.S5.50d4 1856 for 0mand and
al 81 81. 45G4.S7.5O for sixty-day bills Posted
rates. $f.S612 and Sass. Commercial bills,
S4Si4G4S S5A.