Show I ZT REPORTED RATE CUTTING Why Grangers Were Affected Unfavorably on Change I 1 BOND MABKET FIRM WITH SMALL BUSINESS Chief Interest of the Dsy in New York Centored on Sugar General Electric Distilling Chi ij enfvo Ilurlinprion tc Quincy and St Paul Were aroderntely Active But thc Rest oC the List Was Dull Chicago Wheat Quiet Lcatl and Silver Steady Money Almmlant in London The Live Stock Markets of the West J New York May 9The chief interest I In the stock exchange was centered in i Sugar General Electric Distilling Chicago Chi-cago Gas Burlington Quincy and St Paul The market was moderately active f but the rest of the list was in the main dull The shares named are given in the t order of their activity which places Sugar in the lead i This usually mercurial property was exceptionally ex-ceptionally steady today After a loss of 1 at the opening on a heavy pressure j to sell the fluctuations during the rest I of the day were confined within a 1 percent r per-cent limit I i T Large blocks of Distilling stock came on the market and there being no support I i sup-port the stock broke 1 to 2 Y A depressing depress-ing rumor was present t act for sales i but there was no particular desire on the I part of any one to buy the stock and the t closing price was within 1 of the lowest I point touched General Electric opened f c higher aud then sagged off gradually under I t steady selling until a decline of Ifa had been recorded There was some buying of J the shares in the late dealings and the closing price was Tfe h above the lowest Keports of rate r ulng i and the decline L in wheat affected grangers unfavorably t unfavor-ably and thee we Celling orders from V the west based on these conditions Burlington was also sold by Boston on the revival of the rumors touching the decree de-cree in the dividend rate The decline of the day however ranged from 1 i t vi the later in Xorthwestsrn V National Lead fell off Ji in the morning trading on sales of stock acquired in the belief that a dividend was to be declared a rumor to that effect having been circulated circu-lated some days ago A yb in7c was made in tlP later transactions In the rest of the market speculation was dull and the change on the day made V only fractional The market closed fairly steady The bond market was firm a small business busi-ness being done The total sales of stock today were 168591 shares including Atchison 2100 American Sugar 41600 Burlington Quincy 14400 Chicago Gas 3800 Distilling 4 Dis-tilling 26000 Erie 2200 General Electric Elec-tric 0 Louisville Nashville 2300 National Lead 8500 New York Central 4400 St Paul 12400 440 140 FOREIGN FINANCES New York May 9The Evening Posts London cablegram says The settlement discloses a small account Money is abundant Contangoes on Americans were only 2 ± per cent Notwithstanding the cheapness of money all the speculative specula-tive markets were idle today with depression de-pression in Americans the feature Silver was 2 pence and weak The V Indian council sold V cunci sixtytwo lakhs of rupees at a fraction above 1316 pence 31000 in gold a bought The Times cablegram reporting heavy lailures in Argentine is believed to exaggerate t ex-aggerate the gravity of the situation there i NEW YORK MONEY MARKET V V New YorkaMay 9 MONEY On call easy at 1 last loan 1 closed 1 Prime mercantile paper j c e Prme mercante 2i6 Sterling exchange firm with actual business in bankers bills 48s 4 89 for demand and 4S5S4S5JA for sixty days Posted rates 4SS450 Commercial Commer-cial bills 4S61t i4SG94 Silver certificates V 6INSUR INSURANCE LICENSE REVOKED Springfield I May 9tate Sjiperln tcndent of Insurance Dunce today re yoked the license of the United States Mutual Accident company of New York and prohibiting that company from doing If any further business in the state fr i NEW YORK GENERAL MARKET New York May 9 V HOPS Quiet V COPPEK Quiet LEAD Quiet 320 SILVER 63 BIG IRON Flat American 1100JH350 Tils Barely steady strait 0 bid plates quiet sales on change 2 tons August tin subject to duty clause 2015 i 4 SPELTER Dull domestic cause asked h V < CulTiE Options opened unchanged to 10 points decline on disappointing Havre market and selling for European account 1 rallied and was steady all day closed cose unchanged 510 points net decline Sales 12200 bags including May 1535 June j 1535 July 1520 September 145o1465 November O December 1 < 1L216 coffee Rio nrmer No 7 16 mild quiet I and steady Cordova lfl19U Sales 1600 Baracabo Waehouse deliveries 6S6 i bags New York stock today 156721 bas United States stock 288 1 Afoat for V the United States 177000 Total visible for dV the United States 413821 against 382749 i last year V Rio Market quiet quotations nominal not given exchange e 9d Receipts 400 Rcceipt f hag stock 110000 40 Santoslarket quiet quotations nominal nom-inal none given Receipts 1000 bags stock 2ROOO bags f Hamburg Market barely steady sale 33000 prices unchanged to Vf lower V Havre Market irregular sales 4000 bags prices If lower V SUGAR Raw firm and fairly active sales 7262 bags centrifugal 9Stest at I 2s 266 hogsheads muscovado 2716 450 tons muscovulo 2k to Canada 409 bags molasses at 2 316 refined firm GOVERNMENT AND OTHER BONDS New York May 9 e 55 reg1l7 U S 5s coup 1V17j U S 4s regl13 1 S 4s coup II3 V 4s reg 96 b Pac Cs of 95 160 b V Louis f 93S Missouri Oc100 b Tone N S Os102 Tenn N S 5s101 Tenn N S 3s 79s Can S 2ndsl05 V Cen Pa ists104 b D R G lsts113 b DItG4 71 Erie 2nds 77 M K fr TG6s 45 M K K 6 451 11 K T Gs 829 1 Mutual Union115 N J C I C11U FU Pac ists1i0 1 N Pac 2nds 82 Nv estern Con138 N Debs 5s109 SL I MGMSs 79 i S L SFG 11 59 Sl Pal Con129 Sl P C 1 IstllOi V V TPR G T Rets 83 = 4 TPRGT Kcts23 < V Union Pac Ists 105 West Shore104 R G W Ists of A 6734 Atchison 4s 724 AtchfRn3 G H S 6S102 G H S7s offd 971 H T C 5S103 H T r 6s 99 N C 6s offered122 Tenn oia6s 60 b Va Centuries > 59U Va Gen deferred 8 CHICAGO LIVE STOCK Chicago May 9 V CATTLE Receipts l O good demand steady prime t extra native steers 430 MGQ medium 4103120 others 475493 Texans 275ft 30 HOC4S Receipts 23000 slow 510 cents lower rough heavy 425475 packers cet mixed oOOfio prim heavy and butchers V weights 505g510 assorted light 5005Qj SHEEP AND LAMBS Receipts 13000 slow 1015 cents lower top sheep 4 O 4J5 top lambs 450475 spring lambs 5Z0L25 2 V V KANSAS CITY LIVE STOCK Kansas City May 9 CATTLE Receipts 480 shipments V 2400 steady Texas teers 3 t9 t V Texas cows 225g335 chipping steers 310 5445 native cons 1503Sa stackers and feeders 2403S5 bulls 250ff325 It SHEEP Receipts 1400 shipment 1300 N slow but steady 130 OMAHA LIVE STOCK Omaha Neb May 9 CATTLE Receipts 2700 The market opened rather active and firm but good orders caused advance buying cused a sharp in values and late sales in many cases showed a lOc raise Cow stuffs were V firm all around and the market for stock V eis and feeders was active and steady Quotations unchanged 1 Quottons unchanged HOGS Receipts 5300 The market opened 510 cents lower but closed strong at the decline The demand was largely local and with lower eastern markets trade was dull and weak until just near the close when prices ruled a shade firmer Prices ranged from 475 up to 4771A for common mixed to choice 47 grades but the big bulk of the hogs regardless of weight sold at lSO 4S5 V SHEEP Receipts 200 There was a pretty good demand from all sources and practically a steady market V V RAILROAD AND OTHER STOCKS V Atchison 1 Adams Expresslol A TH 30 Amer Ex 112 Preferred152 B 0 76 Can Pac 661 Can Southern 50 ½ Cen Pac 14 C 0 18 Chicago Alton 140 C B Q 78 Chicago Gas 64 ½ Con Gaslg5 C CCStL 37 64Y C C 1 10 C O C 29 Del Hudson138 D L W 161 D R G pfd 20i D C F Co 23East Tennu 4lk Erie 14 f Fot Wayne153 b Preferred 30 Great North pfd101 C E Ill pfd 91 Hocking Valley 16Y I Cen 92 4 St P Duluth 23 K T pfd 2 Lake Erie W 16 Lake Sho1e131 Preferred 67 Lead Trust 384 L N 47 I L N A 8 Man Con 124 M C 5 Michigan Cen 94 I Miss Pac 29 8 Mobile g r h 1 C 2 t Cor 25 NJ Cen10S Preferred V 47 N W pfd 203i N Amer Co 4 North Pac 4 UP D G 5 Preferred 174 Northwestern 107 N Y Cen 97 Preferred 142 N J N E 6 Ontario West 15 Ore Imp 1 Oregon Nav 2 O S L UN 7 Pacific Mail 15lh Peoria E 4 Pittsburg 152 b Pullman Palace163 Reading 16 Rich Ter 8 R G W 1 Preferred 16 Preferred 42 Rock Island 68 St Paul 60 St P 0 3Si Preferred lY Preferred114 Southern Pa2 I Sugar Refinery104 Tenn C 1 17 Tex Pac 8 T O C pfd 6 Union Pacific 17 U S Express 50 I W St L P 7 Wells Fargo Exl23 Western Union 84 W L E12 Minn S1 L 1 Preferred 4S D R G 10 Gen Electric 36 Natl Linseed 20 C F I 24 H T C 5 Preferred V 67 TAANM 7 BOSTON QUOTATIONS Boston May 9 I Atchison 17 Bell Tele100 Burlington 78V Mexican 7U San Diego 814 MINING STOCKS SAN FRANCISCO San Francisco May 9The official closing clos-ing quotations for mining stocks today were a follows Altss 48 Belcher 190 Best Belch 2 7 Bodle Con 3 S3 Bulwer 2 Chollar 96 I Crown Point 115 C C Va 7 37 Eureka Con 50 G C 1 60 I H N 100 Mexican 250 Mono 70 Nevada Q 5 I Potosi 145 Ophir 5 37 Savage 110 Sierra Nev 1 70 I Union Con 135 Utah 20 I Yellow Jack 1 30 V NEW YORK MINING STOCKS I New York May 9 Chollar 75 Crown Point 100 jC I C Va 6 5 Deadwood o 1 2 JH I N 10 Homestake 1 0 Mexican 225 Ontario 750 Ophir 4 75 Plymouth 20 Sierra Nev 160 Standard 140 Union Con 120 Yellow Jack 120 Iron Silver 10 Quicksilver 2 r Bulwer 10 Preferred 150 GC 120 CHICAGO GENERAL MARKET Chicago May 9In the opening transactions tran-sactions were at a trifle advance and after af-ter rallying 3s f worked back rallied ral-lied J4 I cent changed some ruled firm and closed steady The market advance on the California report of damage and the Argentine financial troubles i being supposed that with a panic at the latter place wheat shipments would be next to impossible owing to the difficulty in negotiating ne-gotiating exchange Cables however I were dull and disappointing and northwestern I north-western receipts whereabouts twice as large as a year ago both of which were factors in checking any further advance The corn trade was only moderate and fluctuations within cent range The feeling was rather bullish Todays receipts re-ceipts were only 102 cars and seemed to be the principal factor that was productive produc-tive of strength In oats there was a good trade and a stronger and higher market The buyIng buy-Ing was liberal and prices after opening H ½ cent higher advanced U l cent more but receded 14 and closed quiet With a decline f prices for live hogs I at the yards provisions opened weak and lower and fluctuated within a very narrow range during the first hour of the session with the tendency downward down-ward Later on the offerings became more V free the packers selling Shortly before the end of the session there was a partial reaction on a little buying with the closing steady all around Estimated receipts for tomorrow eat 50 cars corn 140 cars oats 1210 cars hogs 23000 head WHEAT NO 2 I Open I High I Low I Closing May 57 157H 56 57 July V55i45759cfi9 58Y 5858 Sept 1515599 6 8 59 9Y 6 CORN NO 2 I Open I High I Low I Closing I May i38 3S 38 38 g July 139 393939i 31 i Sept 40ii 404040 4040y I OATS NO 2 I Open I High I Low I Closing Mayl35 ½ 3S t j35 Y 35 ½ June 13H 35 T34 34 I I July 130 I 130 301 30 Sept 12 s 125 8 fc5 = s 12 MESS PORK PER BBL I DrSS 1 Open I High I Low I Closing I May 12222 Tf2o July1220 11225 t11511215 LARD PER O LBS V I Open I High I Low I Closing l I lay l70 f 730 720 72 July 170 707 172 705 i Sept 4702 O 700 70 I SHORT RIBS 1 > ER 10 LBS t I OpeJ High 1 LowI Closing 1 May 1627 1637 J627 632 July 1635 1635 623 V 6321 Sept I 632 632 625 6321 Cash quotations were as follows FLOUR Easy I WHEAT Spring No < 57 spring No I 3 no sales No 2 red 57 V CORNNo2 38 I OATS No 2 35 No2 white 36 37 ½ No3 white 3636 V 1 RYE No 2 45 V V BARLEY No 2 nominal No3 5 57 No4 5254 5 52q54 I FLAX SEEDNo1 133 TIMOTHY SEEDPrime V 420425 MESS PORK 12251227 I LARD 2 i21 SHORT RIBS Sides loose 637640 I SHOULDERS Dry salted boxed 600625 short clear sides boxed 687 IW WHISKY Distillers finished goods I 115 I CORNNo 3 yellow 39U I Article I Rec I Ship Flour 1 21000 24000 Wheat 150001 96000 Corn 191000304000 g Oats 14300001232 Rye 2000 7000 Barley 1 I 13000 1000 On the produce exchange today the butter but-ter market was quiet creamery 11015 dairy 1213 eggs quiet unchanged SAN FRANCISCO GENERAL San Francisco May 9 Drafts sight 10 telegraphic 1 silver bars 63U639t Mexican dollars 5161 I ber heat 11 6611 centals May 100 Decem LIVERPOOL QUOTATIONS QOTATIN8 I V Liverpool May 9 WHEAT Dull demand poor holder offer moderately No 1 California V 4s lid i5s Id red western winter 4s Sd I CORN Demand easy < |