Show ffALL STREET WAS ERRATIC I Showed a Strong Inclination to Reaction ISTONGEf STRONGER TONE SOON DEVELOPED BOND MARKET DISPLAYED AVERY A-VERY GOOD TON Money on Call Easy Sterling Exchange Ex-change Dull and Heavy Liverpool Liver-pool Wheat London Finances Western Live Stock Markets Chicago Grain and Produce Boston Bos-ton Quotations New York July Todays market 1 1 was somewhat erratic the earlier hours i of the day Inclining to reaction but a I I stronger tone developed this afternoon I i Which carried prices all through the I Ilst above last nights closing level There was no news regarding the general I gen-eral situation to account for the early decline and i must be attributed to a I I general apprehension among the professional pro-fessional traders that the 1101 prices has outstripped conditions The late strength did not develop until after a period of feverish uncertainty and a j hesitating and somewhat timorous effort I ef-fort on the pall of the bears to take I 1 control of the market There was a decided i falling off in activity i and In j the outside interest In the market all Ida I-da Nor was there any general heavy t selling to realize apparent The decline I I gave every appearance of being purely manipulative in character the bulls seeming to assent to it as promising I benefit to the tone of the market I was not of a character to invite aggressive ag-gressive short sales and in fact the sales that were made for short account were covered before the end of the session and were largely responsible for the rally The feature of the market all day was the ease with which prices moved both up and down on small I transactions The late rise was accomplished lse transctons complished without any very heavy I buying reflecting the disposition on the I part of the heavy operators to nurse the reaction for the purrose of recuperating re-cuperating the market and preventing its too rapid advance London already reflected a increased confidence In the stability of values here and bought quite freely during the day General news as to the outlook for business continued favorable The transfer of I 200000 in currency from the sub Ian I treasury to New Orleans is considered an indication of increasing business activity ac-tivity in that section An order from Europe for 500000 in I gold went begging in Wall street there j being no adequate profit in the transaction trans-action at the ruling rate of exchange The governments good showing for the fiscal year with a deficit of less than 510000000 against an estimate a year ago of over 64000000 is looked upon asa as-a favorable factor The bond market displayed a good tone on moderate transactions which were largely restricted to the leading argey mortgages Fluctuations were quite narrow but with fairly uniform fractional frac-tional gains The market showed some irregularity a times but ended with lines showing advances the princicnl lnes showing The aggregate sales were 1322000 Govvernments were dull but hardened hard-ened fractionally The transactions were 2000 Money on call easy at H 42 percent I per-cent last loan 2 closed 2 Prime mercantile paper 31 pqr cent Sterling exchange dull aqd heavy with actual business in banker bills at lS7iiM87i4 for demand and 485 QJiS6 for COdays Posted rates 4S6487 and 48 j48S Commercial bills 4S7 Sliver certificates 60460iAi < Bar silver 60ys I Mexican dollars 47 I BOND QUOTATIONS I LT S new 4s C P Ists of 95101 = reg lBt5i D R G 7s110 i U S new 4s D 11 G 4s 874 coup 123M Mutual U 6s 107 V S 5s reg1i4ti N uWn Ists ISGA U S coup 114 N P 2nds 5 i U S 4s reg111 fe I G W Istt i r S 4s coup 112 St P con 7aB V S 2s reg DCM St 1 C W Atchison 4s 81 5s 1I Atchison 2nd A oOajU P isis of 90103i Can tsn 2nd10c ½ iU 1 STOCK QUOTATIONS Atchison 125 N Y Central101T8 Adams Ex152 Ontario V 13Vt fan Southern 491st O S L 1 N 1J1 Cent Pac UVt Pullman Pal 1SU Chicago Gas 04 s Reading z Colo L 1 1 R G W 19Vi D R G pfd 423k Preferred 45 n Erie 34 Rock ci 14 Preferred ISM Sugar Refinery 127i i Hocking Valley 2 Union Pac 67 Illinois Cent Pit Western Union SHs Lake Shore1 D R G llBi I Michigan Cent 9S Gen Electric SS 1 i Missouri Pac 19 Nil linseed 14J N S1 Central Mfc Colo I F I U P D G 2 Preferred SO I NEW YORK MINING STOCKS Chollar J S Ontario 5 oO I Crown Point 22 Ophir 70 C C Vi 1 50 Plymouth I Deadwood J > Quicksilver 100 Gould Currie 22 Preferred 700 I I Hale Norcross SO Sierra Nevada 101 Homestake 29 W Standard 1 at 1 451 I i Iron Silver 1 0 Union Con 40 I Mexican I Yellow Jacket 4S I 1 SAN FRANCISCO STOCKS San S4N Francisco July 1Tlie official j closing Quotations for mining stocks today I to-day were a follows I Ala 7iHale Norcross 8 I Alpha Con 9 Justice 5 I Andes 16 Kentucky Con 4 I Belcher 20Mexican 33 I Best Belcher 42 Occidental Con 1C I Bullion 10 Ophir 72 j Caledonia 9 Overman 30 Challenge Con Potosi 40 I I Chollar 7SSavage 2C Confidence 110 Sierra Nevada s C C Va 135 Union Con 42 I Con Imperial 11tah Con 6 Crown Point 21 Yellow Jacket 49 I Gould Currie S4Standard 1 ij Silver bars COH Mexican dollars 49Q49U Drafts Sight 1iVj Drafts Telegraph 20 DrdfLTegralh I Boston Quotations Boston July Atchison 12 s Bell Telephone 227 C B Q 84 Mexican Mexi-can Central 9 Oregon Short Line 190 San Diego 9 Boston Montana I 133 Butte Boston 2Hl I Liverpool Wheat Liverpool July 1VheatNo 1 red northern spring easy 5s 9d London Finances New York July 1 Evening Posts London financial cablegram The stock markets were quiet and irregular today Home rails were chiefly in favor 5 Chicago Grain and Produce Chicago I July L Except that this was the first delivery for July contracts wheat opened under a similar combination of bearish influences in-fluences to those of the fiuence previous day July which closed yesterday at 69V opened today at from 68 to 694 and 69 an hour afterward I could be bought for 6SU September started a shade lower at 6y sold at 64i and then down to 6H Liverpool opened d lower and reported stocks of wheat 312000 bushels larger than June 1 The latter item of statistical information informa-tion was rather a surprise considering the weekly statements of the great t w t deficiency of imports compared with the estimated requirements The light trading was almost entirely en-tirely confined to September the weakness weak-ness of July being due principally to neglect I improved however late in I the session and at the close was bringing bring-ing 68 September after selling down to 64VJ gradually recovered and closed at 643s bid Corn was irregular opening steady becoming quite weak and decidedly strong later Liquidation in July oats caused a weak feeling to prevail In the market for a while but through sympathy with whea and corn a reaction occurred oc-curred later Provisions opened weak but later In the day made good advances The leading futures ranged as follows WHEATNo 2 WHET I Open I High I Low I Close Jlr t6m 6 6Sl Sept 64 1G zII64t 16 lt PDec 66 166 I 66 G6 i CORN No 2 I Open I High I Low I Close July 24J24l2i7IOi 2414 fH Sept 2 257tif26 2Wf2I2s Dec 26 12 26 12 OATS NO 2 I Open THigh i I Low I Close July 17U178n 11714 I17H Sept17A ill l7t4 174 MESS PORKPer Barrel I Open I High I Low I CIao July I 5 I 7C7A I 7SO 1 67C Sept 763 I 7S2H I 7G5l78o LARDPer 10 Pounds I Open I High I Low t Close July 1 400 I 410 I S97 I 410 1 Sept I 41214 I 422K J 410 I 420 1 SHORT RIBS Per 10 Pounds I I Open I Hlghow I I Close July I 437 ½ I 44714 I I 437i4 I I 447 ½ Seltt450 j I 460 450 457 ½ New wheat Cash quotations were as follows FlourQuiet WheatNo 2 spring 6SsG6STs No 3 sprlnl 6 68 spring C3C9 No i red 7376 Corn No 2 245i25 OatsNo 2 17 No 2 white f o b 1 20i < g21 No 3 white f o b 19ff21 Hye No 2 34 Barley No 2 nominal No 4 f o b CO COFlax Flax seed No 1 77Q7S Timothy seedPrime 275 Mess pork Per bbl 76Tyg770 LardPer 10 pounds 410 Short ribs Sides loose 4305460 Shoulders Dry salted boxed I i QS SIdesShort clear boxed 4iJT4i AVhisky Distillers finished goods per gallon 119 Sugars Unchanged Articles I Rect Ship Flour bbls 1 6000 O Wheat bu I 6000 14000 Corn bu 346000 79000 Oats bu 1332000 72000 Rye bu I 0 16000 Barley bu 1 i I 160001 1000 Chicago Live Stock I Chicago July 1CattleSales were largely at 4154S5 there being a good j many grassy lots as well as numerous I pretty good beeves The best sold at 505 Western fed steers 400485 and heifers 1750 bulls 2500350 cows heifer 410 with occasional sales at 420440 Calves advanced to 6506S5 for the best with sales of common Texas 1800 220pound calves as low as 2 I Hogs sold at an extreme range of 3150355 bulk 345347 Lambs were wanted at 300435 for I inferior to prime flocks largely at 4000 I 410 Sheep sold at 200375 chiefly at 300650 there being a scarcity of choice natives sheep Receipts 12000 Cattle 7500 hogs 32000 I C a |