davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

Corn lower; May. 46c: July. 43lkc: Septem-
Der. 4l&c; cash, No. , mixed. 47d47i5c: No.
3. 45c; No. white. fSc- Oats lower; No.
white, 46Q47c; No > mixed. 44qi5c; choice
timothy. Sl050d11: choice prairie. $50 Rye
steady at &C Receipts-Wheat. 200 bu:
corn, $1,000 bu; oats, 1000 bu. Shipments
Wheat, 1900 bu: corn. 81. 900 bu: oats. loo0
bu.
DULUTH, May 2S.-Wheat-In store. No.
] hard, $3.50: No. ! northern, 9i2sc: No. 2
northern. 9l7sc; TO arrive, No. hard. s5lsc:
No. l northern, 95isc; No. northern, 924sc;
on track, No. l northern. 932sd96isc: No. 2
northern, 9o7sa957sc; May. 9iSsc; July. S.isc:
September, Slizc. Oats, on track and 10 ar
rive, 41c
CINCINNATI. May .2s.-Flour dull.
Wheat quiet; No red, Sl09G1.u. Corn
easier; No. 2 mixed. 52d52i9c Oats dull:
No. mixed. 42d42ikc. Rye steady: No. ,.
Soc Lard quiet al SIS. Bulk meats quiet
at $6.2j Bacon easy at $L37lz. Whisky
Distillers finished goods steady on basis
OF SIPS. Sugar firm.
LIVERPOOL. May -Wheat-Spot easy:
No. l California. 101zd. Corn-Spot steady:
American mixed new, As 5lzd; American
mixed. DID, As elkd.
MILWAUKEE. May 2S.-Barley steady;
No. ?, Csc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

The F1nancler says:
The striking feature of the New York
associated banks last week was the unex-
pected gain of s162S4,9O0 in cash holdings.
This was largely due to the fact that the
average of about 81, 5OO00O of the disburse-
ment by the Treasury on Friday of the
previous week of the $1,000, 900 to the Re-
public of Panama was included in the cash
receipts of last week, ard also to the fact
that the net receipts of money, resulting
from the interbank movement were almost
unprecedentedly large for the season,
amounting to nearly s105OO,6OO.
The average loss TO the banks resulting
from subtreasury operations and gold ex-
ports was partly Offset by receipts OF do
nestle gold. 1t is noteworthy that the gain
In specie was more than S100O0,000 greater
than that in legal tenders; the latter are,
however. at the maximum Of the year.
Loans were decreased $4,000, 10O follow
ing liquidation IN this item in the pre-
vious week of 100. making s3SSS5, 900
in the fortnight. The decrease last week
was probably largely due, as was the case
in the previous week. to the cancellation Of
loans OF surrendered public deposits. The
reduction In these go' eminent funds for
the week was 1885. eco. making $31, Ale, 600
in three weeks, the smallest amount since
such deposits began to be separately re-
ported, oct IL, 1913.
Because of the liquidation In loans and
the almost corresponding amount of the
gain in cash, the general deposits were de-
crease S.612, 600 The sum of the gain in
cash less the decrease in loans was S2l4,Sl1
or 81 ,397. 500 smaller than the loss in de-
posits and therefore the statement did not
balance. Computed on the basis of de-
posits, less those of s24S77. 800 of public
lunos, the surplus is $35, 81, us.
The daily average of bank clearings for
the week was S42, 900 900 less than in the
previous week, refiecting the almost stag
nant speculation. The clearings reported
on Saturday representing Fridays bust
ness, were 1854. 1851. Comparisons of loans
show that four OF the larger banks de-
creased this item by sl600O,OO0 net The
cash holdings of eight banks gained 3d.
OOO, 600 net.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

for good steers than for other grades Of
cattle, which stimulated the marketing OF
this class. and there were more top prices
realized than for a long time past. While
prices of cows and heifers did not show
quite much Improvement as steers,
there was a good, strong, active trade all
week and gain OF perhaps l9aiSc IN the
average. The demand for bulls this week
has not been really urgent. but the sup
plies at all times were small, and strong
prices were maintained. The calf market
the early part of the week was higher. but
subsequently there was a rapid decline in
prices. and at the close of the week the
average was over 81 per 100 lbs lower
than early in the week.
The feeder trade this week has been about
the lightest of the season thus far. Inc
supplies were not large, but there was no
competition at any time and 1t was very
difficult to find an outlet for the offerings
at rather lower prices than last week. Elk
IRENE transactions this week were 1913 for
fat steers. $40 for feeders. s. for heifers.
$3.50 for cows, Sc for calves and A2o for
bulls.
THE SHEEP MARKET.
The marketing of sheep and lambs this
week was considerably larger than it has
been recently, and the total for the week is
the largest since the week ending Feb. 8.
The early part of the week few more than
enough arrived to accommodate local deal
ers and there was very little change in
prices, but subsequently when shippers had
to be depended upon TO take a good part OF
the supply they required concessions In
prices. and closing sales of the week indi-
cate that the sheep and yearlings had lost
right around 25c and spring lambs nearly
81 as compared with prices prevailing at the
close of last week. At the decline, how
ever, there was an outlet for the offerings
and a good clearance was made almost
every day. Local butchers bought fully as
many as usual at all times and the ship
ments OF the week were the largest since
tha arlx ~ Of Fohr fha .ayir
ming of the week spring lambs were selling
as high as $3.50, yearlings as high as S. "a
and sheep as high as $3.50. but at the close
lambs going above SC. while the best year
lings were selling around $3.50 and sheep
around S4.25.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

the most fragrant offender in this line now
in existence. IL is a monopoly CT the most
extreme type and admittedly controls both
the production and the price OF hard coal
Ia the United States. The trust has been IN
existence so long. however, and its policy
has become so firmly fixed that even though
the courts might dissolve il that policy
would be still likely to control under cover
of a community of interest understand
ing" The present outlook is that the an
thracite coal trust will be made campaign
issue whether Attorney Generalf Knox
proceeds formally against ii or not.
Wall street is trying 10 measure the
price effect on the coal roads securities
on account of the revived agitation. There
is no agreement on this point but the
majority opinion seems 10 be that property
values will not be appreciably impaired
and that earnings will continue to be salts
factory.
Bankers are more or less disappointed
over the failure to establish and maintain
high rates for call money. The exporta-
ton of more than s600o0,o00 in gold dur
ing the last six or seven weeks served only
to temporarily harden the money market.
Money continues to flow in from the West
in a great food. The surplus of the rich
agricultural regions of the Mississippi val
ley and the Southwest finds its way to
New York and the Eastern money CEN
ly idle, hence there is a competition among
holders in the loan market. Solvent bor-
rowers beseged with offerings, and
there is more money on tap in Wall street
than has been the case for many years.
This would be an altogether favorable
symptom were it not for the fact that the
funds now piled up indicate an inability TO
give them profitable employment in fields
CT enterprise.
AS it is this money is gradually being
invested in dividend and interest bearing
securities. Supplies of bonds in particular
are slowly diminishing. AS yet there has
been only slight advance in quotations,
but values are hardening and the tendency
of prices is moderately upward. High
class bonds are, OF course, at a big premi-
UNI. The mass of bonds obtainable is in what
is callel the middle class"-those ranging
in price from GO TO S. and 90 There are
still goodly amounts of these issues undis-
posed of, but the volume is daily diminish
ing. Many of these bonds are as sound and
safe as those commanding Is to 40 points
more, but they are not so we'll known, be-
ing Of more recent origin.
w G. NICHOLAS.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
PRICES OF WHEAT REACT
LOWER CABLES AND GOOD Wealth
Err CAUSED LOSS OF I-2C IN JULY.
Big Purchases by Northwest House
Corn Down 3-Sc-Other Markets.

CHICAGO, May 2S.-Lower cables and
continued favorable weather depressed
wheat prices to-day. final figures on the
July delivery being down nc. Corn is off
s4c. Oats show a loss of Adssc. Provi-
sions are 21zc higher TO &c lower.
The weather and cables caused moderate
selling of wheat at the start, resulting in
a slight decrease, July being off &c to CSC.
at S6Qs614c. There was some buying that
looked like covering Of the same character
that has been going on for several days.
The demand had tendency to hold prices
fairly steady at the initial decrease.
Later. however, belated holders OF May
started to liauidate. Weakness started
considerable selling in other moths. caus-
Ing losses all around. The September OPP
ton showed relatively a fair degree Of
firmness, due to purchases of nearly 1000
600 bu by house with Northwest connec-
TONS
Extreme fluctuations marked trading in
May. and much difaculty was experienced
in making sales. Late selling in July and
September was confined largely to local
traders and indicated disposition to even
UP for the holidays. Weakness in corn
had a depressing influence during the
last nOuI AIler SellinS OH 10 oo1<uootbC,
July closed at S57sc. May ranged be-
tween s511c and 97Ac, closing at $3.50.
Clearances of wheat and flour were equal
to 5000 bushels. Primary receipts were
$4,000 blu, as against q holiday a year ago.
Minneapolis, Duluth and Chicago reported
receipts of sixty-four cars against ninety
two cars last week.
Sentiment In corn was decidedly bearish.
due to unusually heavy receipts and to al
most perfect weather conditions for the
growing crops. There was considerable
liquidation throughout the day, and the
demand was quite meager The market
closed almost at the lowest point July
opened hGAo lower, at 4711q47ssc. sold
down to 461sc, and closed at 47c. Local
receipts were 6S4 cars, with ninety-two OF
contract grade.
Oats were under similar bearish inf1u-
ence in the matter OF the weather. and
Iberality OF receipts as was the corn
market Trading displayed considerable
nervousness. but the volume Of business
was small. A large proportion OF trading
was in the way Of evening up trades in
the May delivery. After opening shade
lower, at 3SAc, July declined to 3Sasc, and
closed at 3s1ac. Local receipts were III
cars.
The provision pit was practically desert
ed and business was almost at stand
still The easier tone IN grains offset a
firm hog market and caused slight losses.
July pork closed sc lower. at s1127h July
lard was off 21zc at $6.471z. Ribs were UP
PIC, at s6.51i..
Estimated receipts-Monday: Wheat
cars; corn. 4s1 cars; oats. 126 cars; hogs.
900 head.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
TRADE IN GENERAL.

ST. LOUIS, May 2S.-Flour fairly active.
Red winter patents s5d5.l0. special brands
15Q25c higher: extra fancy and straight.
81 7OG495; clear. s4d41O Timothy seed
steady at s2.40d2. Is. Corn meal steady at
81 10. Bran easy: sacked east track. 96d9Sc.
Wheat lower: No red. cash elevator
nominal; track. s1.07d1.os; July. sil1c; Sep
TENDER. S07sc: No. 2 hard. 94q9lc. Corn
lower; No. ? cash. 4Sc: track, 49d491zc; July,
i57sc: September. 454c. Oats lower: No.
2 cash, Ale; track, 41izdi2c: July, &c; Sep
tember 3Olsc: No. white. 44i2c. Lead dull
at s4.25. Spelter duh at A.65. Hay strong
for best. Timothy. ssdl5; prairie, s6Q9
Whisky steady al sl.32ia. Iron cotton ties,
SIC. Bagging. 6i1c. Hemp Irvine. &C. Pork
lower; jobbing. 81 -27l Lard unchanged
Prime steam S. Bacon steady; boxed ex-
ira shorts s7.12ik: clear ribs. $50: short
clear. s7.75. Receipts-Flour. 1900 brls;
wheat, 1900 bu; corn. 1900 bu; oats. 3s.-
600 bu. Shipments-Flour. 5000 brls: wheat.
1900 bu; corn. 5000 bu: oats. 1000 bu.
KANSAS CITY, May @.-Close: Wheat
lower; May. SEC. July, 74asQ741ac: Septem-
ber 701zd70Ac: cash. No. 2 hard. s7Qssc:
No. 3. saQs4c: No. red, $ios: No. .. $l9loL
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

There has been good run of cattle this
week, the receipts being above the seasons
average. and the supplies were very evenly
distributed throughout the week. There
was only one time in the week when more
than enough were received to accommo-
date the urgent requirements of buyers,
and most of the time the supply and de-
mand apparently were just about equal.
The week opened with rather a healthier
condition in the market and there was al
most Immediately stronger movement
in values.
On Tuesday prices for the most part
were about 10c higher than the close OF last
week, but on Wednesday, when the receipts
were the heaviest in the week good part
of the early gain was lost. Subsequently,
however, the supplies were again just about
equal TO the requirements and there was
a gradual stronger movement in values to
the close of the week. There was no con-
siderable advance in any one day, but
final transactions of the week indicate that
the steer market was fully strong and pos
sibly shade higher than the close of last
week.
Sales also indicate that a gain of about
&c in general way had been made in ten
days and prices now are right around soc
higher than the low time in little over two
weeks ago. The competition was stronger
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

Wheat steady; No. 2 red. s1.05 track: No
red, s1.0o on milling freight; No. red, $1.O2
track; May, s1.05 track; wagon. s105
Corn firm; No. white. ACC: No white.
nominal, ACC, No. white mixed. nominal.
acc; No white mixed nominal. ACC; No. .
yellow, nominal. 491kc; No 3 yellow. nom
inal, 49llc; No. mixed, nominal. 49c; No. 3
mixed, nominal, 49c.
Oats quiet; No. 2 white 43i4c; No 3 white.
nominal 42l1c; No. 2 mixed. Ale: No. 3
mixed, nominal. 40izc.
Hay steady; No. timothy. s13: No. 2
timothy, nominal, s11.75: No. 1 clover.
mixed. s..
Inspections: Wheat-No. 3 red car: I'M
merchantable, car; total. cars. Corn
No. white. Is cars; No. white, cars;
No white mixed, car; No. yellow, 3
cars: No. mixed. car; No. mixed. 3
cars; No. mixed. ! car; no grade. l car;
total. Is cars. Oats-No. white, cars; No.
2 mixed. car; total cars. Hay-No. !
timothy, 2 cars.
WAGON MARKET.
Wheat-s1.05.
Corn-55G5Sc
Oats-Sheaf ssG1o: shelled oats. 45G5oc
per bu.
Hay-Clover, s1Oa12; timothy. sl3g15 to SIG;
mixed. sl2ql4: millet. sSd9.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
-Renresentative Sales.-
REVIEW OF THE WEEK.

There has been quite a falling off in the
marketing of hogs this week and the re-
ceipts have been below the average expect
ed at this time in the year. A good variety
of stock was represented at nearly all
times, however, and, although there was
some little complaint on one or two days Of
the scarcity of prime heavy grades the
offerings generally have been desirable
There was probably a larger proportion Of
light mixed hogs this week than last but
the quality generally has been reasonably
good. Most of the week the supplies were
only about large enough to accommodate
the normal requirements of local packing
houses, and as usual under such circum-
stances, shippers were unable to execute
many orders, consequently their support
was hardly as good as usual until the close
of the week, when they were buying about
as many hogs as packers. The lack of
competition early in the week gave local
packers an opportunity to shave prices oc-
casionally, but at no time was there any
great change The week opened with a de-
cline of about sc, but on Tuesday most of
this was regained. On Wednesday the
market barely steady and on Thursday
the average was reduced fully sc. Suisse
quently with increased competition the
market responded with a rally in prices
and al the extreme close of the week values
were the highest In the week and generally
10c higher than the low time in the week.
but only about &c higher than the close of
last week. The market now appears to be
in a healthy condition and unless the re-
ceipts become excessive there are good rea-
sons to expect that there will be very little
If any reaction in values from the present
basis.
AS usual at the close of the week, the re-
ceipts to-day were small and there were no
important unusual developments in the
market. Most of the offerings were butcher
stock. and, while there was no urgent COM
petition between buyers, the demand was
equal TO the supply and an early clearance
was made on a basis of steady prices as
compared with yesterday. Sales to-day in
cluded steers at s., heifers as high 81. Go,
cows $3.50 and bulls $3.50. The calf market
was lower again, with the range in sales
from IS to s4.75. Quotations:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
Leading futures ranged as follows:

Cash quotations were follows: Flour
was steady; winter patents, s470Q4.S0;
straights, s440Q4.6O; spring patents, $4,000
470; straights, So 90d4.20; bakers. s.. 65q3 90
No. 2 spring wheat, 92qs7c; No. 3. S5q97c;
No. red. $1.05d1.06. No. corn, 47lac; No.
yellow. 4S1kc. No. 2 oats. 41Aq415sc; No.
re. Good feeding barley, 3Sd40c; fair TO
choice mailing. 45Q56c. No. 1 fiaxseed. 81
No. Northwestern, 81. 06iz. Prime timothy
seed, $685. Glover seed. contract grade,
s1O75 Mess pork per brl. 81 20dn.25. Lard.
per 100 lbs, $6.40d6 421z. Short-rib sides
(loose), s6.S719q6.50. Short clear sides
(boxed), s6.25q6.50. Whisky, basis OF high
wines, SIPS.
Receipts-Flour, 24.16O brls; wheat, 1900
bu; corn, $4,000 bu: oats, 142,700 bu: rye,
1000 bu; barley, "a 200 blu. Shipments-Flour
2S, 200 brls; wheat, 0,900 bu; corn, $4,000 bu;
oats, 100. 400 bu; rye. 1900 bu; barley, $500
b1l
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
NEW YORK BANKS MAKE
ENORMOUS GAINS IN CASH
The Increase I'm the Cash Was Several
Millions Larger Than Was Esti-
mated-Statemen In Detail.

NEW YORK May 2s-The suspension Of
business on the Stock Exchange to-day
robbed the weekly bank statement Of much
of its usual significance. The statement
was in accord with most forecasts except
in the cash gain-s16, 800. 0OO-an amount
greater by several millions than expected.
The big increase in this item indicates that
the flow of money to this center at this
time is beyond general estimates. The
statement I'm detail is as follows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
The Weeks Receipts Show n Consid-
cradle Falling On-SmaII supply of
Cattle Sold mt Steady Prices.
Receipts and Shipments.

UNION STOCKYARDS. INDIANAPO-
LIS, May 2s.-Hogs-There was fair aver
age run of hogs to-day. and the offerings
in all particulars were fully equal TO yes
terday. The market opened with all buy
ers looking around, and sellers could see
that orders would be fully equal TO the sup
ply. Therefore. they were asking reason
able advance in prices. Notwithstanding
the reports from surrounding markets were
less favorable. 1t did not take buyers long
to decide what to do, and from the start,
with good competition between local pack
ers and shippers. the trading was active at
a general advance OF DC in prices over yes
terday. In a short time the morning re-
ceipts had been exhausted, and with not
enough late arrivals to affect prices the
close was steady at the advance. Ordinary
light hogs to best heavy sold from $40 10
$3.50. and a large percentage of the supply
sold at s4.60G4.70. Quotations.:
Good TO choice medium to heavy 81 1O6l4. so
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
Quotations for Clipped Stock
LIVE STOCK NOTES.

The receipts Of hogs this week indicate
a decrease of 1000 compared with last week
and the same week year ago, and an In
crease of 1000 over the corresponding week
two years ago. Thus far this year the
receipts are 61,0oO larger than the same
time last year, and for the month thus
far there is a decrease OF nearly 10000
compared with the same period a year ago.
For the week ending yesterday the leading
local packers bought a total Of 226S1 against
o. i55 the preceding week and 29,311 the same
week year ago. During the same period
preceding week and 5,s74 the correspond
ing week year ago.
The marketing of stock this week shows
a total of $500 hogs, nearly 400 cattle
and 1900 sheep against 33.2n hogs, 1850
cattle and Lila sheep last week. 1927 hogs.
3,4S2 cattle and ESQ sheep the same week
q year ago and 22,275 hogs, 1888 cattle and
2. 443 sheep the corresponding week two
years ago. There was. very little or no
change in the general cattle market yes
terGay compared with the day before. sheep
and lambs were weaker and the hog mar
ket generally was sc higher
There has been g good run Of cattle this
week, the total showing an increase Of 600
over last week, 200 over the same week
year ago and 800 over the correspond
ing week two years ago. Thus far this
year the receipts are 1880 larger than
the same time last year. and for the month
thus far there Is an increase Of nearly ], 800
compared with the corresponding time a
year ago.
The receipts of sheep and lambs this
week indicate al increase Of 700 over last
week, but a decrease of fully 1000 COM
pared with the same week a year ago
and over GOO compared with the CORES
ponding week two years ago Thus far this
year the receipts are 5000 smaller than
the same time last year, and for the
month thus far there is a decrease Of I 800
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
More Machinists strike.

CHICAGO. May 2S.-Over 200 men were
added to-day TO the number of made
idle by strikes Of machinists. BY two
new strikes. at the plant of the Sullivan
Machinery Company and Barnhart Bros.
& Spinder, the number of machine shops
now tied up aggregate nine and the total
number of men out of work 1850 The
waikouts were precipitated by the plan of
the Chicago Metal Trades Association TO
force members of the machnists' union 10
handle orders from firms where strikes are
already In progress
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
Rates AbrOa d.

LONDON,-Money. 2G3 per cent: dis
counts. 2d2 lie per cent Consols. 9014.
PARIS.-Three per cent. rentes, of 10c
for the account. Exchange on London, 25f
l21zc for checks.
BERLIN.-Exchange on London 20m
4034 pfgs for checks. Discount rates: Short
bills. 21a per cent; three months bills, 3
per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29

CHICAGO. May 2s.-John Sammons and
hanged on June II. Their crime was the
murder and robbery of saloon keeper Pat
rick Barrett. The motive for the crime
aas robbery. Frank Lewandowski was
also sentenced TO be hanged on June IL.
1swandowsh IL . wife murderer.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
Indianapolis CIearings.
New York Rates.

NEW YORK-Money on call nominal; no
loans; time loans easy; sixty and ninety
days, 212G2% per cent; six months. 3G3ls
per cent. Prime mercantile paper, 324 OK
per cent. Sterling exchange nominal with
actual business in bankers bills at s4s7l50
4S7.0 for demand and at 81. So. 25614. So. 80 for
sixty-day bills. Posted rates, 81. S6 and Ass
Commercial bills, 81. S5di SoIs
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
Treasury Statement.

WASHINGTON Saturdays statement
of the treasury balances in the general
fund, exclusive of the $50 100000 gold re-
serve in the division of redemption. shows:
Available cash balance ........... 1858. S75, S7S
Cold 6I,5ll Ol0
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-29
Movement of Specie.
NEW YORK.

NEW YORK, May 2S.-Exports OF specie
from New York for the week were 81 OBJ SD
silver and s., .0S2 gold Imports of specie
at New York during the week were S725, 9l5
gold and 81 i0f silver