| Show ADVANCE OF PRICES J No Indication However of a Settle Condition of the Market 4 BEARS ATTEMPT A SALLY 4 EFFORTS TO BREAK THE WHOLE MARKET WERE FUTILE 4 Continued Weakness of Wheat In Face of Welldefined Information of Poor Crops I Russia and Eastern East-ern Europe Has Effe On the Market Strength I Railroads + New York June 20 Todays advance in prices after an early weakness was no more conclusive of a settled condition oC the speculative situation and of the future fu-ture course of the stock market than was yesterdays decline Tee was a brief and spasmodic period of liquidation in Federal Steel < t Wire and the bear part took advantage of this to make a driven drive-n lnst the whole market But the brIef duration of the decline and the fln re fclstancc offered by prices at the low point warned the bears of the futility of an effort to break the whole market They therefore took their profits on tho decline o yesterday and this morning l > y buying stocks at the low level There was somo organized buying of the Flower group of specialties not onlv In support of Federal Steel but for the long account in Brooklyn Transit Peoples Gas and other specialties The action of the wheat market prompted some buying of the grangers also Tho continued weakness of wheat In face of the welldefined information of jr poor crops in Russia and eastern Europe f made the conclusIon unavoidable that supplies of American wheat were believed to be forthcoming by those who are best able t judge Aside from this tho market mar-ket continued very narrow and professional profes-sional and trading could not b said to represent anything more than the covering cov-ering of short contracts by yesterdays bears The opening in both Federal Steel and Steel Wire was wide SOOO shares of the former selling at a drop of 1 ½ to 3 points and 6000 shares of the latter showing show-ing simultaneous transactions from 14 to 2H below last nights prices The motive of course was the granting of the judicial injunction against tho payment of the Hi per cent dividend which has been declared on Federal Steel common on the ground that before the expiration of the fiscal year the prior right of the preferred tlr fsr df g stock to its C per i dividend could not be insured The statement of President Gary that a sufficient sum had already been set aside to pay a yearly dividend on the prefer stock was the decisive influence in-fluence in the rally of both stocks The net decline of both for the day was hot more than a point Conspicuous strength tan pint was shown by the Union Pacific stocks New York Central and Pennsylvania in the late dealings but as they have recently re-cently had sharp declines relatively greater great-er advances were only natural Opera outsiders through commission tons by outside thrugh cmmission houses continued at a minimum Sugar was strong Continental and American Tobacco To-bacco were weak and the local traction stocks moved upwards Some apprehension apprehen-sion still exists over the threatening situation situ-ation in France and South Africa and the ruling price for money in Berlin 1 which is the result of a rather unbridled speculation The advance in money in Berlin was reflected in higher discount rates in London and an advance in the rate for sterling exchange here which is believed of gold to foreshadow a further outflow Railroad bonds were heavy Kansas City Pittsburp Gulf Ists dropped 2 ½ Total sales par value SLSOOOOO United sae pr States new 4s and the new 3s declined old 4s coupons and the 5s in the bid price The total sales of stocks today were SGjli shares including American Steel Si Wire 45400 American Sugar 25800 Anaconda 4COO Atchison preferred 8000 Brooklyn Transit 29301 Burlington 12000 Continental Tobacco 45100 Federal Steel Contnetal 4SKK Federal Steel preferred 37UO Louisville Louis-ville Nashville 3000 Manhattan 8300 yUe Xashie 30 83 National Steel 3OO Peoples Gas 3000 Reading 1st preferretiriOOJO St Paul 1 too B 0 3000 Chicago Great Western West-ern 3500 Chicago n 1 Pacific 4500 Metropolitan Street Railway 70 New York Central 6700 Ontario Western 4100r Pennsylvania 4200 Tennessee Coal Iron 6700 Union Pacific 4200 Union Pacific preferred 3200 Bond Quotations U S 2s reg 100N Y C 3sll31i U S 3s reg 10SN J C gen 3sl22 1 S 3s coup10St Nor Pac Is113 1 S 1 4s regl3i > Nor Pac 3s fit L S n 4s coup130 Nor Pac s14 VSo4sreg1I2N Y C St V S o 4s coup113 L 4s 107 1 S5 rel1 ½ NW con 4 K V S 5 coup112 ½ General Gs 133 D C 3 CIs119 Ore Nay Is114 Atch gen 45102 Ore Nav 4s103 Adjustment 4s s YOre S L Cs132 Can South 2sIll Consol 3s 115 C O 4 ½ s94Readlng gen 4s 91 I O 5s 120 R G W 1s101 j I C N con 7s 144 St L Iron M Debenture 5S1J2 cancel as Ill Chic Term 5102 St L San F D I G 1S1QG general C 123 ½ IX R G 4blOi Su Paul consols 170 E T V G ls103 St P C P Isr124 Ere Gen 4s 73 ½ St P C P 5S121 Ft W Den So Rallyway 5sHl if City Is Sly HopI Gen Eleo 3sUS Twine 6s S G 1 i 3 A 6sll3 Tex Pac ls114 2nds ofd 110 rex Pac 2 5 1 K T C 3s113 Union Pacific 4slft Consol te 103 > Wabftsh Is 117 Ja Cent isill t abash 2s 10 I K C P G Is GO West Shore 4s116 I L N IT 4s 9 iWIs Cent Is 7 1 K T 2s m iColo So 4s SSJi I K T 4s 93 ½ Stock Quotations Atchison 17 ½ St P 0 9 Preferred Wi Preferred 170 B 0 G So Railway 10j I Can Pacific 9Y Preferred 4S Can Suuther5 Tex ° acCent 181 ac-Cent Pacific P3 Union Iieific JRj I Chest Ohio Ws Preferred 74Ji Chic AltonISO Northw pfd G Cic Q 1 ½ Wabash 7J C JE 1 74 W L E S Preferred 122 I Preferred 22 J c G W 1SH Adams Express110 C I L S Amn Express132 Preferred 37IT S Express 4 > C N W 153 WellsFargo Ex123 Preferred 192 Amn Cat Oil 35 C C C St L 54Vi Preferred 91 Preferred 87 Amn Spirits 10U Del Hudson 119 I Preferred 3 I D L V1111 Amn Tobacco 9 I l R G 2 Preferred 140 Preferred l Con Gas 1S I Erie new 12 Com Cable Co 1st preferred 34V4 exdividend 176 Ft Wayne 18 Colo F I 43 I Gt Nor lfd1693k Preferred loll Ills Central 111 Gen Electric 1m I Lake E W 1631 Haw Com Co110 Preferred GY B R T Co117 Lake Shore 205 Internafl Paper 414 I Louis k Nash Cfi Preferred 7 Manhattan L112 Lacledc Gas Sty Il St ity223 ½ i Lead 211 J i ruch Central 113 I eferred no i Minn Sl Le 56 Federal Steel 5ij4 1 2nd preferred 92 I Preferred S Mo Pacific 41 Nat IAn Oil 3 f 1 0 3 Pacific Mail 47 1 K T 1 Peoples Gas 1I9W Preferred 32 Pullman Pal ito 1 J CentrLlG Silver Carts CON ½ CO-N Y Central < 132 ½ Standard Rons y N Y C St L 13 t Twin 7 1st preferred 0 Sugar 133 2nd preferred 2914 Preferred J117 Northwestern 19 Tenn C 1 63 ½ Nor Amn C IIVU S Leather 114 Nor Pacific 46 ½ Preferred C9 Preferred 4o V S Rubber ayj Ont West 2 Preferred 33514 i O R N pfd 09 Western Union I Pacific Coast 3S exdividend I 9914 lf t 1st preferred Z A S W Co 54 l 1 2nd preferred 54 Preferred is i Pittsburg 1S2 Cone Tobacco 41 V Reading 20Vt Preferred 81 1st preferred 00Anaconda 50 R G W 3S Colo Southern f Preferred 7S 1st preferred i f Rock Island 112i 2nd prf rreJ is St 1 S F aGlUcise 66 < i 1st preferred 71National Steel GN 2nI preferred 35 ½ Prfer1 i SL L S V 1 Hop Steel r Preferred 9194 Preferred f l St Paul 126 ½ Amn Tin S 36 t Preferred 173 Preferred 3 So Pacific I Stocks at London i h ew York June 20The Commercial F Advertisers London financial cablegram i The markets here are Mill disturbed bv t the Transvaal politics though it is hoped war tvi1 be Avoided Paris was also a 5 free seller today on the cabinet crisis Consols were 11a1 Americans were heavy and neglected closing slightly above the worst Spanish 4s were firm C2l Tin tos were 43Q3311C Anacondas 10116 f Met Quotations t New Yerk June itOTho metal market r if I I was uninteresting with price changes insignificant in-significant Buyers and sellers alike found nothing in news from abroad sill the west to advise of material tht wet aise a mateIal change j in former views At the close the mtta exchange called cl1i Pig Iron Warrants Entirely nominal at I J350 Lake Copper Dull at 1600 bid and 1650 asked I Tin Steady at 2360 bid and 6 asked Lead was steady at 430 Spelter was dull and nominal at 623 The brokers price for lead is 423 and for copper 1S25 Loans Exchange and Silver New York Juno 20 Money on call steady at 12 per cent last loan 2 Prime mercantile paIr 301314 per cent Sterling exchange firm with actual business busi-ness in bankers bills at 4SSS4SS11 for demand and 4S5i4S6 for sixty days posted rte 4S6 6S4S7 and 4S9 Commercial Com-mercial bills 485483 4S4 Silver certificates CuyQ62 Bar silver 60J Mexican dollars 4S4 Condition of the Treasury Washington June 20 Todays statement state-ment of the condition of the treasury shows Available cash balance J2723S9 4C6 gold reserve 1235414919 GRAIN AND PROVISIONS Opening I Wheat Was Lively I Chicago Yesterday Chicago June 20The opening In wheat was n lively one and for an hour the market was as weak as even the most persistent bear could desire September opened at 77iig775s compared with yesterdays yes-terdays closing price of 78 Large quantites of long wheat were offered both local and outside traders dumping their holdings on to tho market and when the first lull in the liquidation occurred the lrIco had been hammered down to 7 News was of such a character as to discourage longs who have ben bankIng bank-Ing on the Russian crop damage to offset off-set the prospects of a big domestic crop General rains were reported in Roumania and ran fall was also reported from some parts of the Russian drought districts dis-tricts with consequent Improvement in crop prospects in those countries Liverpool Liver-pool cables were weak and lower At the start there was a disposition among shorts to cover at the decline but the bearishness of domestic advices put a check to even this support With the exception ex-ception of Nebraska and Kansas in which states some hot winds rme were reported the weather throughout the wheat country coun-try was reported favorable Shortly before be-fore noon the market recovered a trie In tho absence of heavy selling aressure September advancing to 7 but liquidation liquida-tion was renewed after noon and prices got down to a still lower level Brad streets showed an Increase in the visible visi-ble of 139000 bushels compared with 7740 bushels decrease last year During Dur-ing the last half hour there was increased In-creased belling by disgusted longs I Sep temoer grauuaiiy ueciimngto 76T4 where it closed Corn was fairly active and WC3k Tho weakness was partly with wheat but iocal Influences were also present September Sep-tember lost ½ cOats c-Oats ruled lower all day in sympathy with wheat and corn closing at the bottom with a loss of ½ c in September Provisions considering the weakness ingrain in-grain were fairly steady especially during dur-ing the morning Later the market yielded a little with grain but the close was steady September pork closed 7 ½ c lower lard unchanged and ribs 2 ½ c lower The leading futures ranged as follows Wheat No7 2 I Open I High I Low TriosT I July J76V7Csi75H I75H 73H75ii I Sept 77 W 77R 074 76 ½ Dee 7 797 7S ½ li5 Corn No 2 = i Open I HIgh I Low I Close July 31fj34il34s 1244 34 13Hi I Sept 34SJ31il34iig35 34 ½ 9u2531i Dec 3444 J3J1U 1334 f3 OatsNo 2 Open I I High I Low I Close July 24i41j2lcj21724 < I 24 ½ Sept 22 22H122 S2221 I 21 May24 ½ 244 I 24 i JgfU I Mess Pork Per barrel barre 1 O r j bLow I Close July I I S33 I I S33 I 822r sT25 Sept 830 833 j S416 I 842 ½ ½ Lard Per 10 pounds I Open I HIghLow I Close July t f 503 I I 503 I I 502 ½ I I 602 ½ Sept e 517 ½ I 520 515 I Slil Short RibsPer 10 pounds I Open I High I Low C S July I 473 I 47 i72T472 I Sept > 400 I 490 485 1495 1 Cash qiiotatI6nswere as followsr Flour Steady heatNo S spring 72J73 No 2 red 76 Corn No 2 34SJfj34 Oats No tGf6 No 3 white 27i30 Rye No 2 61 Barley No 2 3St41 Flax Seed No L 107 ½ Timothy Seed Prime 2330240 Mess PorkPer barrel 7501jS2o Lard Per 100 pounds 4S3f503 I Short RibsSides looe 455TTS3 Shoulders Dry salted boxed 4g4TS Whisky Distillers finished ln per gallon 126 I I Rec I Ship Hour barrel1500010090 I heat bushels 201000 2000 20 Torn bushels 3900001354000 g l Oats bushels 2S4000i41SOyi lye bushels 2000 700 Barley bushels 1 201 4000 I Pacific Coast Grain Markets San Francisco June 20 Cah wheat 110Q111U Portland Ore June Fiftynlno cents was paid for Walls Walla wheat today with reports that even better had I i been done in the country At the same time some of the dealers announced themselves out of the market at any thing about 5S to 5S cents Valley ia easy at ItfGO cents and bluestem 6 cents Tacoma June 20 Wheat continues firm at the advance recorded on Monday 5 cents for club and 6 cents for bluestem Visible Supply of Grain New York June 20 Special cable and telegraphic dispatches to Bradstreets indicate i in-dicate the following changes in available supplies last week Wheat United States and Canada east I of the Rockies increase 6 So bushels afloat for and in Europe Increase 700OyO bushels Total supply increase 1319000 bushels CornUnited States and Canada cast of the Rockies decrease 770000 Oats United States and Canada east of the Rockies decrease 0 The aggregate stock of wheat held at Porlld ngegte Or and Tacoma and Seattle week Wash increased C6000 bushels last Chicago Livestock Chicago June 20The usual light Tuesday run of cattle was well taken at generally unchanged prices Offerings generly consisted mostly of ordinary beeves adIFo There was a good demand for calves at I i advancing prices Good to choice beeves i sold at 300H550 commoner grades brlng 1 tag 440 403 feeding cattle brought 360a I 300 bulls cows and heifers 2005J310 tho 1 latter price for choice heifers western I later steers 3JXM333 Texan 390Q490 and calves 425 < t705 The market for hogs was active at I prices 57c higher than yesterday Light hogs brought 370S390 mixed Jots 370360 nnd heavy 3Soit380 pigs sold I I for 335tJ38 and culls 345S330 There was a good demand for slices land I lambs and prices ruled steady with prime clipped lambs at the highest point I of the year Sheep sold at 300S3S3 for culls up to 500Q523 for best flocks culs Clipped lambs brought 473Si663 Colorado ole lambs 660Q675 and spring lambs at 423j730 sheep Receipts 10Denv Cattle 25000 hogs 20000 I Denver Livestock Denver June 20 Cattle Receipts 2200 Market fairly active beef steers 373iJ 523 cows 323fi42o feeders freight paid to the river 3DOQ475 stockers freight paid to rver river 375S525 bulls stags etc 22 > fi323 Hogs Receipts 40 Market lOc higher light packers 350S360 mixed and heavy 3C3Q370 Sheep Receipts 400 Market quiet and unchanged unchage Kansas City Livestock Kansas City June 20 Cattle Receipts 6000 Market on heavy stuff weak mediums medi-ums steady others steady t 5 lower 4fi3fi515 native tw tt heavy 400S500 480ii520 Texas medium steers 323 4CO Texas cows 250Si375 native cows and heifers 22 > fI510 stockers and feeders 340S500 bulls 2651MCO Hogs Receipts 17000 Market opened active and strong closed weak Bulk of sales 3C3S375 heavy 370S3SO packers Jf ft1 j 367373 mixed 363tJ372 light 357wW 3W72 lht 370 yorkers 363Q370 pigs 351f Sheep Receipts 3000 Market strong lambs 400600 clipped muttons 350300 stockers and feeders 250S400 culls 200 30 540 20 Omaha Livestock I Omaha June 20 Receipts 3300 Market steady to stronger Native beef steers 440fi530 western steers 400JJ4SO Texas steers 375fi460 cows and heifers 3S07P 4CO canners 250Q350 stockers and feeders feed-ers 3SO4SO calves 400S500 bulls etc 3005425 Hogs Receipts 8700 Market SJilOc higher heavy 370 375 mixed 2701134t4 light 372 B375 < pigs 3233370 bulk of sales 37011372 ½ Sheep Receipts 2100 Market active stronger western muttons 423fi525 stock sheep 350S423 Iambs 5501i050 Coffee and Sugar New York June Options closed steady for near and fairly steady for far months Sales 28500 bags Including July 463ij470 September 4E30490 Octobe 4SKKi495 November 495 December Decem-ber 535540 Spot coffee Rio steady No 7 invoice 6 No 7 jobbing 6 ½ Mild Steadier cordova SQ13 SugarRaw quiet centrifugal fair refining re-fining 4 centrifugal 95test 414 molasses mo-lasses sugar 4 refined steady |
