Show RETREAT 0000 OE This is What an Apparent Bull Rout Proved to Be i SITUATION IN GRAIN PIT Cash Business Was Slack and Export Ex-port Inquiry Bather Discouraging to Holders Trade Was Dull in Spots Corn Market Was Active and Lower Fcclurc and time Factor Fac-tor Was the Liquidation of May Provisions Were Active and Fluctu ationt for the Greater Part of the Session Wide SILVER r ICow York ioS5ic San Francisco Sflfic London 27ti 1 LEAD Now York exchange ICTV ITai Now York brokers i IK > COPPJ3R New York exchange 517i New Yorlc brokers SIT Silver and Drafts Now York April 23Silver certificates C046lc liar silver W e Mexican dollars 479iic Snai Francisco April 23 Silver bars 9e Jlexlcan dollars ISii12c Drafts sight ITtc telegraph 20c Now York Metals New York April 23 With the exception excep-tion of tin and speller the markets for metals were very qulot Jnlluonccd by u decline of 2 for tin at London our market mar-ket for Hint I metal ouicd off ynme In fiTO points closlnj easy at 3fl Vy r3 < l70o Speller Spel-ler I was lower and weak owliu to the ab ammcc of export demand und In sympathy with unsatisfactory cables closing eajy jit I I62ifq l72c Lead continues unchanged un-changed at iij7 bid and 5172 a ked Lake copper was dull and nominally unchanged un-changed on the I basis of 17c Pig Iron warrants Merc nominally quoted at lr h > > 510t > and weak In tone Iron I Northern No 1 found at rMGO > 2iOO TIme brokers price for lead was 115 and for copper 172 c San Francisco Mining Stocks San Franclco Atoll 2LTIie oftlcIah clijsuimg otmotations for mmmlimimmg stocks today to-day were as fohlovit Alta 02 Alpha Con 03 4imdes Ij Mixicnn Belcimer hdemitai Coim 11 Best B 0 Ophmir Itiiiiloit qnmtim hti Cahedoiiin 120 Potosl iImuileimge Coim iS Savage lumlimim t lelehier tOlIhIdflCC Slirra Ne 12 C rL is Sliver 1lIih Ii iowtm PoInt i I Staimmlmird Exchmequior 0 lYmmloii Con 23 lOtild C Italm on 0 imiio N ilow Jacket 23 I Jiistlcc NIw YORK dhNlN STOCKS Anm S R 7I2 ½ huhhtui 2d lreferreti SS15 tmtmirlo S00 CrowiL Point l1 Olilmir I Vim 1Tli ilymnoumii Deadwood 55 QmuicklIr I O Could C 20 Irfrritl 750 I lab N i Slrra Ne if liornestiako 31 Stmiimtinrti iio Ioiii Sliver I 2i1 I imlomm Con 2S iiott Jacket 20 dcxicttim JIOSTON MINING STOCKS Alveimtumrc 150 llouiev 200 Anmati COipei 1 23 Qsedmm 6650 AtlantIc 2110 Iarrot UlOst M r3oti Qmilnry 13500 Butte c J3oj 7ori Saimta Fe 500 C JIecha 730Ig Tamarack SSC0 eittennhmL ifrI Viimommit 33 Framikitim 133 Vulvetlncs llunmliolcLi 394i4J Eitmthi 3030 TRIBUNE SPECIAL Boston Mass April 2o Copper Blocks opened dull and with somo pressure to Hell Tho fenturu was time raiding uf Monlana lo 200 by a bear trader and It ns stated that tho I raid was niado for Standard Oil people their t purpose being lo buy stoek New York bought some epppers Today and Hold ftab at 3000 JVmaud for latter stock was good Sail l ukn bought Centennial t I Eureka Jhm4 closing was lower all around ifornblowcr Weeks brokers XI State street Boston urnlsli time following quotations 1 Sales High Low Close Amalgamated ISO 9150 JiaOO JD100 Blngham K nr0 1075 1075 Cochltl C2T lIMO Cent Eureka TTi 25W lilGO 150 Utah C25 3050 COOO 360 United States KOO 875 White Knob 1C 2500 Curb Boston 5jiG0 Navaho < Xff 7CV Grain and Provisions Chicago April 23 There was a wholo bunch ot bearish consideration presented for vIew In the wheat pit at thc beginning begin-ning of trade Cables were slow worlds shipments heavy there I uas un Increase on passage and Limo weather continued favorable It was ixjjected that ihoru would bfi considerable liquidation of May Ibis I wcclc but Jt did not materialize early Progress wae fairly llrm for a couplo of hours after the initial concession of about a lie Later the stuff bewail to come out however how-ever and thero was soiling1 In sympathy with the break In corn May had hsllale dl l early balking al tho C5c innrk but the I liquidation carried the price through that I Tbo market was very wenk at this time but thn sHIlnsr paver I ho way for rc action which began during the afternoon i Thc short fellero concluded not to remain In lint condition over night and bought back ueinc of their early sale and turned what looked like i i bull rout Into a ort of retreat In Luod order as the dispatches have it The cash business waa slack and the export Inquiry rather discouraging tu holders Trade ivns dull In spot but the MCslun furnished considerable animation must of the lime t May opened ni GoHe to 0505l e sold belween 65iir and elohtrd Vjc under Saturday at UlTdfriric July ojicned nt Gij ic to Wyam c ranged from iitvie lo MVijO and eloped Viic down at Wc Alucb of tIme trade was done Inn In-n May for July at a difference of ½ c Thc corn market was active and lower Tho feature and time factor was liquidation liquida-tion of May although lower cables and thc Increase on passage were Hems In favor of time bear Hide TIme opening was a trifle lower Shorts wero sellers but covered later and thus caused a partial recovery The bulk of time blslnoss was In thc way of chaiiRlnp May closed i10 under Saturday at UTTic July closed n Vie down al yjfjSlUJii Provisions I were actIve and fluctuations for the greater part oftlie session wide Holding receIpts were liberal and prlecs ill time yard lowor Thero was a heavv soiling pressure In evidence nt Ihe start Ruvlng by packets canned a reaction and Ihe close was firm May pork closed 27ie under Saturday al 31215 July 20e down at l2ri2 May lard unchanged at SGfCi July unchanged at 702vi Alav ribs r c lower at 1iN3 5 July oo down al ti0 The oats markol held its own de > plto lie I weakness displayed onrly by corn lure was i i good demand from both short and longs May and Julv closud a shade higher at 22f 22iC and ic respectively respect-ively i RANG 13 OF TII13 LEADING FUTURES Articles Opon High Low Close Wheat No 2 April 6IA May Ki ijsyi j July CCfc c i ixa September 07V OiL < 77vC CJnB Corn No 2 April S 373 May 3S5 1S 7 July k 39 K 3 m 7m j Seiitcmber us3 JQ Oats No 2 fay 22Vi 2271 2214 I July jx 22145J 23 Sejitembor 22 ii 22 22 J Mea Pork iy lUW 1250 J22T V2V ly 1202i 1275 12I7V1lOJ May fi92i 7c 12m July < U2i 7 > l mS2 i j 7025 Soinembcr 7ili 7I mS7i 703 Short Ribs May flS2j CS7 ¼ C70 CS July fiS2 CWi fi72 fiOA September OVJj US > OtTIj GA ASh QUOTATIONS Wtvsh nuotallonF were aa follows Flour I easy No 2 spring vheat OfiJic No I i O red No 2 cOfl 7i0 oats ie O 2 vimite 23it27c NO 1 lioN re 53 No 2 barley ii4lr 2tt fl1 id Zh3 prIlle tlnmotliv I lard per 1W imork pem iarrh iil3mi11235 SId mOiiiids f74i007m short ribs shouldoril hnse dry itl iuvpjii < 07IO7 < J uldCM llK > xtM s7St7r short Hi fin ibuxeci 572Mi73J whisky diStillers Isheel goods per gallon s i23 Ai sugars cut loaf unchanged RECEIPTS AND SHIPMENTS Rcpt SnjW Flour barrels K55 ir0C Wheat bushels 39l oiVvt JlI0 211000 Corn bushels < Oats busbehi ltk 2000 ° 1 Rye iJUMivis xi wi 23000 I Barley busbols avw i PRODUCE EXCHANGE todu the but On tVo exchange tmo produce 1lfJ2e tor market vas firm creamery dairy 2ivfnWc cheese firm eggs steady itc I Coast Grain San Francisco April 23 whcSiVi steady May JZc December 102 Barley flO nulea Visible Grain Supply Ncw York April 23TIme statement of ftnl time lbhe smimily of gralim Iii tor milloat Sumirday Arrlt 21st Its commmpiid in by LImo New York 1rotluce Exchange biifiheis Is us follows Wheat tSiti000 < > efro I Corn aiiiioCO C7IOCO I Xii 7033V11 C2 IOOO i > vJf 12700W 320CO BaFleV 11C3C > tl92W Decrease flncrease Bailor and Eggs Now Yorlc April 23 Bnltor Receipts > 67I packages steady Western creamory l5iiSc factory rjgsncCLlpts 12r2CO paclcnces I trOgU mar storage NSoslom at mnrk 12113c ixgiilnr iiiiclclnp at mark leftU1 Elgin Butter Market KlBln III April 23Butter steady nt 1Sr ortorlnfs 0 tubs with bids of f7t ISo bin no sales Sales of time week H WO tubs Money and Exchange 2ew York April 23 Jlonoy on call closed 2jq8 per ccnt i > rlmo mercantile pn prr 4fo jcr cent Sterling uxclmnno strong with actual business In bunkorx1 bills at ISSl for loniand nnrt at WMi for sixty days PositI l iais Ii5qI l Commercial bills iSzfiib lvi Stocks and Bonds New York April 23Salurdays break In prices oC stocks brought large gelling orders Into time market and they went In evidence all ihroiiqh I the I list at time opening Bui there was also buying orders or-ders un a very IniRO scale lo lake tlie offered stock Piirt of llnse wert ovl dently placed In limo market by friends of dllTesenl slocks for the purpose or supporting Hiein The expectation I was quite general that limo market would open with something like a crash In values but as l < not unusual In Wall street oveiexpectation t defealcd I tel 1 and I I hero were enough buyers walling to tako advantage of the I crash to steady tbc 1 market almost Immediately Professional I Wall slivet t perceived the absence of pressure of long stock In thin sleel business with a lurk of surprise IGrldunlly the t opporlunlly I bad been seized lu dispose of hum stork at the highest level of irlces iud the I shorts were th most eager operators In thy ninrkcl In tho endeavor lo over Jimis J pretty clearly Indicated a pause In I the mostafWe lvc tactics of tIme bear campaign cam-paign A colliteral object of that lam palgn Is generally believed to be lo lake on various stocks at the lower level ol prices The ie > sure of 1 liquidation continued I heavy during the first hour and a second rlrlvo was made by lie heais il Ibe t end ol that I time But the steady absorption of olTcrlncs begot a very cautious mood nmuiiK lie professionals i and I a docldcd Iv quieter lone ensued In I Iho mmmt diet onu of Ibe i hull iiools which hive mm eenlly been neile i notnbly that In Missouri Mis-souri 1acllle showed a disposition 1 1 ° n > sumo operations Tbe undertone of the market was firm during the latter part nf the day and at tin elolrg was strong and rather active wllh time steel Industrials Indus-trials ut the bst level of the day U u von lderublu net gain umountinp to 2i In the case of Federal Steel and 2i In Steol and wire Wall slreet still keens an anxious eyo on tIc situation In the Iron and steel trade but Is I Inclined to KO buck of ofll elul ullernnceN In formlns1 Its I opinion Lasl yeirs m high prices are known lo 1 havo been made by I belnied I I blddcri I who I had to buy al any prlc to I nil conlracts and Iho dealings nt the hlgli level i were for only a small part of the I tutnl I product prod-uct A large part of last years business was on old contract which were known to have been worked off it lower rates While lImo reduction In current rates has proved a severe shock to thc financial world and a Bivat disajiuolnlnicn to holders of the stocks of the steel companies com-panies Wall street la beginning to In I huge the hope that at cut prices tbo years averaso rate will sllll prove to bo above time average for lust year Gold exports are looked to without alarm on account of the case of time money market Todays small shipment to Buenos A > rcn was without Influence Tho feature of the bund market was tie quick rise to STjfo of time Western New York rennsylvanla general mortgage Lhreofours on the arrangement perfected with the Pcnnsvlvanla railroad Otherwise Other-wise prices yielded in sympathy with stocks Tlital salts par value i3SOO Hl UnltedSlales bonds were unchanged fn the bid price CLOSING STOCKS Atchlson 25 = t Union Pacific 5GU preferred ii I preferred B Ohio SIi Wabjish 7 I Can Paclllc t11 preforred 217fl W 1 E Can t = o C Ohio il 2nd preferred 2Sl2 C Grent West IS i VI ii Cent 17 C 13 Q 12 > Express companies C I L J 2G1 com-panies preferred SS Adam 120 c S 131 101 American 1lC r t N W Ij1 lnlte States 10 C R l P 1U31 Wlls Fargo 124 CCCSt L 01 Miscellaneous Cob So m > A C nt Oil 35Vi 1st preferred 12 t referred OS3Va 2nd preferred lOtJ Am Malting 3Va Del Hud h i5 prci cured 21 1 1 V L Am S t U i7 D R O 2i preferred SS preferred 7 Am thrits 2 i Erlo profeircd 11 Isr referred Sls Am Stiol 1 oop 20 fit Nor pfd 157 juefcrrod tJoklnu Coal J3 J < Am S t Wire IOV4 1hciclimg itt 3 J preferred 1 iilmmols eilt 1 m iit tI ii Iiiuu 1omt eiitmtti P imterred 7J 3 Aiim ilIIiCC K C 1 1 is14 preftiiied 135 L E V ima Iiimlng Co ii4 pitfericd m it Itnpleh lntimslt 7 Take Simoro 2mt toio F t I I N Coimt Icmiacco Msuihutluu L ht preferred Met St lty Fed I Steel U Mex Ceni preferred iJs Al St L l2 Gen Electric 137 pntmerretl 91 Glucose Sugar IS Mo Pacific MMi preferred 05 1 c Ohio II Tut 1 Paper 05 M K T J11 J lai itthi Gas 71 preferred 1 2 Nat Biscuit IK1 N J Central i2h preferred 90 N Y central l3t Nut Lead 23 Nor tt West 37i preferred 101 7Sj Ntt Steel n rt u preferred No Pailllo I prof erred biN preferred al bi-N V Air Lrnkerta Out West 23 No American IS O U e N I2 Pacific oast SUfe preferred 7 1st proferrcd < 2 cnmmsYiVtflia 1334 2n l preferred Paollic Mall 82 RendlnR 1st preferred 311 P opleM Ias Irt2 > rt 2nd preferred t2 N I Slei1 tar flSI TL W i preferred SI 1 i t i Pal Car prcf rrcd S7 i Pull ifcji St r S F io Sin ml ft T fi OS Siigiii 1m3 1st preferred 2nd preferred C prcterred JU t SiUS V 11 1 T Coal Iron l Jtt3 L K Leather U preferred 119 > preferred 70 Si Paul Ji 70T2Ji preferred 173 < U S Rubber T2Ji St J > O lhC 1 preferred SJ7 St Pacific 7I Wc > l tnlon Si l3i Rep 1 S So Jlallwny preferred ii preferred i Tex it Pacific it 1 PC C 1 SI L BONE LIST U S ref 2s 1021t D R G Is 99U US 2s res WVs No Pacific S3 U S Rs ret ifl No Pacific Is WP Ore Nav Isla hiS U S is coup motr1 i rtu 101 I 1 U S new Is row 13o Ore Nav Is U S newLs cotihI11 O S T I Gs U S old la rcbll U S L > consol i s1lR U S old Is couplllM R G W Is is U S r > 3 reg 1l2l rnlon Paclllc iti105 U S Ox coup1i3 C S Is W J M1 coup D t It G IsIs 101 So Pacific Is S3j As to Gold Shipments Now York April 23The Evening PoMt says Sterling xclniiure reached tidilY the point where furelRn timkcrs besnn in I earnest the calculation of possible piillt I > or loss on gold shipments One lustllu lion with extensive eonnoellonn abroad Jidmllled that we bad now reached time level where gold could be shipped it hit 1 flank of 1 < mland ofTevid Ire allow Inierei 1 In tran ll Slnee ncli illowiince woiilii I i imouni lo I rnvU 5 io rM curb fLO q Vi i I mVl of gold hlppd l loda rnte or 51 < j J for dmanl 1 bllL fac In tIme opinion of bmtimhcer 1utte noar the exporting point Jt wa Mrenortd In foreign exchange cir rio this afternoon Unit Iho I Bank of EIIR lan dhad made some provisional arraiiK ineni to attract gold from bis eonntrv this week although mont ulerlln bank tri did not expert exports by Saturdays steamer LiveStock r CWC9 Chicago April SACatUe Rccjsjpla 21 CCO Including COO Texans Steers aleady to lOc lower butchers slocka ylondy no live laei i on walft today olio carload at V0 good to prime slcers steady others weak fl S5WSM1 poor to medium SfrlOc 1wfr JfC TflTft Hclcclod feeders Hload > I2fA4 JO mixer stocker slow SSo07r o > eowK firm 3 COSt IAO lielferK steady 3ai mSs i dinners about steady J2XrfjlL75 bulls plow J703J423 calves about steady t1C0T465 I Texans receipts CW > fed steers tead ly ICK > y5J5 bull about steady J320ltr370 lIogsfleceipts today 52000 tomorrow estimated 15W left over 7000 Ten cents lower top J363 Mlxod nnd butcher S5 ySffarj good lo choice heavy 550f ritv rough heavy 5335 5 light 353 bulk of sales 5Ii555 Shmeopttecelpts 22000 511001 and lambs S to lOc lQveL cooth to choice welimers 5tWi10 fair Ic choIce mixed 4Jlofi365 Vestorim shmcp 5lOiI610 yearllimgs 575 610 native lanmbs 5ioir73 Western lambs 00lj730 KANSAS CITY Kansas City April 2 Cattle Rocelnln W Market weak to lOc lowftr Native steers JjViCK Texas steers f2SgLl7 3 Texas cows JJjOo 12r native cows and heifer 3223uLG0 stockers and feeders 0251V 5V bullp f300tjf75 I iOgstte t c l ts sm Market h 5 lo TOe IlociMpts ar ce o lower slow bulk of saloa F 30ft5 ITVi ueaiy t333i550 paeKcrn 5tf23l7 mixed JVftoAo lIght 31033 yorkers o3ai3o ulcs SlAWi520 Sheep Receipts oOuO Market steady If higher Larnba 3C0i7li0 < muttons 5100 3000 OMAHA Omaha April 23 Cattle Rccclpla 210 Market hOc lower Native beef steers iMO oo40 cows and heifers fCKOfnCO cnn ners 22r 5J140 slockers and feeders J5Ki ATlrt < calve JSWg OO bulls and stags He I t2SiXfn20 Hogs flee its 30CO Market shade to oc lower Heavy SS3Sij510 mixed JVSojr1 rItTi light 12 Mo7i pigs J57f525 bulk of sales S3Mt54O Sheep Receipts 0100 Market lOc lower Yenrllnps 3 iJGVi Western muttons STiRTrnUn stock sheep l50t540 lambs 76 DEN YE ft Denver April 23 Cattle Receipts ECO Market active and steady Beef sleon l15fifijO cows J50i > til2 > feeders freight paid In river 3tOi500 slockor frelgnt paid S37fty5CO bulls stamc etc S2003325 Hash Receipts 100 Market weak find lower lAtznl ackirs 13 joIO mixed 351f540 heavy 0tc1320 Sheep Receipts 1iil Market active Good fat muttons 5JOOfjGtW lambs i000I 050 Foreign Market New York April 22TIme Commercial Advertisers financial cablegram The markets today were all very Hat from consuls to mines and luislno s was nien gi r Alverdi rumors wire uurrnnt Including In-cluding the extraordinary whisper of an m Impending war with Vrance over African disputes after lie 1 exhibition A decline In I lie wai loan to iMG yer cent premium pre-mium suggested further burrowing following fol-lowing Lord Edmund Flumaurlccs estimate esti-mate of time financial cost of tho war at t120tfO0eO A break In American securities was also a turblng Influence this mornlnc and London lost heart oucrlng below parIty for tb > Ural lime since the into rise b fan Hopeless of New York sup Ibis deimrlmcnt was weak all day and would have broken badly If there hud been any pressure lo sell Nev York In the street en mo a billir and tIme cluso was lint at the worst Tbe only llrm spnl was Norfolk tC Western on shoji sup jiort Paris falling to support Tlntos they fell l to 57 Anacondas to u i MO The Bank bought fJitgX gld In German Ger-man coin It I t Is hinted that gold Is In transit I from New York but that time fact N kept very close A moderate sum due tin Bank was renewed and there was Home fresh borrowing but no discount business There Is talk of an early reduction re-duction of tIme Jerman bank rate lo 6 per cent |