| Show RECORDS EGLIP8EO flail Street Has Had Unusually Unusu-ally Lively Week fl IS BEYOND ALL PRECEDENT Transactions for the Week jotnl i 16 518000 Shares Compared With the Previous High Becord of a Trifle Over Ten Million Shares the Week Previous Whole World Represented Rep-resented in the Dealings San guineMinded Operators Amazed at the Markets Proportions J SILVER cork Francisco W74o n I 27 9lbd 10don LEAD Sew York exchange 437JA COPPER jfew York exchange 51700 Silver and Drafts to York May 4Sliver certificates sominally Bar silver 59C 0 Mexican clollara 4Sc Snri i Francisco May1 4Sllver bars MJ e Mexican dollars 49S50c Drafts sight 12 c telegraph 15c Money and Exchange Vow ork May 4C1oo Money on call frm at J P < T cunt prime mercantile pa iJr 4S4U per com sterling exchange rnmlnal with actual business In bankers ft at flS for demand and at jf If tar rixty davs posted rates S4S5Vt < ul ffi oTl commorcfal bills flSiglSiV New York Metals NcW York May 4 Tho local metal tltuatlon today was featureless Tin closed at 2393S2C05c adr7 I CopperlAke 1700 casting lCc Plir Iron warrants 05031050 Northern foundry 5 2S1G50 San Francisco Hinliig Stqeks Francisco tay 4The official quotat1os fr m1ningitocka to AV VO a foIlosS i Kentuck Con I C2slcxlcan ries i OlOcckIental Con z hr 13 Ophlr 1Oa p I fl 31 Overman 13 U ion C2Potol 01 don1a C1 Savogo 13 chil Con 13 Seg l3elcher 03 Choltur OSSlerra Ncv 23 p nOdence Sliver HIlL C Va 245 Stnndnrd 120 wr Point 16 Union Con 10 0 C 17 Utah Con 02 11L s 22YelIov Jacket 18 it1eo 1EW 30RK MINING STOCKS cs R 9O0 LeatlvIIlc C 05 t rurrcd iG31 ½ 1A1t1o Chief a3is Con 23 Ontario so AIk 3 Ophir Btetcr 1 I5 Phoenic OS CoalMock T C PolQsI CCVa 22 Savage DUllWOO4l rA SRrra Nov Horn Silver 110 Small Hopes IrortSilver 60 Standard 30 BOSTON MINING STOCKS dventure 1700 JlumboIdt 2501X inai Cop 12175 Osceola Atlantic 31C Parrot 5150 lllngham 252 Qulncy B 41100 S Fo Copper 8 OU B El 112CJ Tamarack 33O0 cIt S2JXUtnh entcnniaI 2075 Wlnoni 400 rrunktin is voiverIne 5800 MBW oiK > ttpgar Market IffW York Him Raw firm fair re 1InIn Zc Centttua 6test 4 415ht moiasm tflJga q reilneci lirin No uCac No 7 No L10c No 0 475c No 10 17Oc No Ii G5c o 12 tOc No 13 4GO No ii 455cc standard cOntcotJornrq A 535c mould 5Xic cut loaf j05c < crushed Q5c powdcrd 5tL5c granulated 55 cubes 5c Grain and Provisions Chicago May 4Wheat l prices nume a weaker position at the atart and the ro tigrei mainder oi tho 8eaion citing to it fl4 iho of sentimeni were not sufJlclcntly pr00ounci to Iad lo activo trading July opi ic t 4uiilc lower at 724o tojz so i btwen t72c and nr 7Z5i6 and closed Itnver at 723iv7274c ttlv8lahtlo1al hear8 an4 long 8011 H lIbii1iy bUt lb thort > ntercsl was a t1rnIdo0 hearing ln mind the readiness IIi which the market 1ns recently re p3njed oncoirfl ment With thc I3T8 n this mood tho longs having no ttmpling proflhi ln set the trade ovoncd tip their deaI In order to rest over Sun day wiq Undl8turocd minds aid then kft tho market l ° taie laji ° care of Ilsclf Tho drop ft rice8 was duo l ° weak cables 1qwIn vrop reports1 lack of outside in Icrct j th3 market afll tO sympathy lth tho corn deeline July corn received a 5ovcrc Pounding hiie tho May Ilcal Wa3 neglected trail gen i jh way ot legitimate ncsvs cak cables vere Inhluentlal hut the main factor in tho FlIIn b iOdine of July was heavy the iii WhO lias Vi cornered the Maycom S corn lIe 6a11 the market uiuih ann ipttrlcet needed a 0 buh accordingly disposed of 2OO othcr or July In view of this an1 rate nip the decline was Vvry mode vas steady ic lower iMay corn closed Vfyc down at oldz ct cIoj Were fairly activo and firm Ju1 lower at n Ojs08 or htr8 yore affected by the libera ai at the and tue drop In prices for VfttR Trn1o wan dull and shade ipwer July clo8d 15a lower lard nnd ribs 2a deprortsed op THE FADING FUTURES Open 111gb LOW ClOBO z July t 72 7z3 TJ 21 72K9S Corn 72Ji May ra P 62i C3 E it3 i63 1C j 46 1 i5 l5 3 cr U y 28 234 2sv 26 20i I 1 Pork ioVi 25 4 iy 14S5 14S5 1150 14EO 1105 1600 1490 llSO t 800 SOO 800 8CO S 702i 705 700 7021 L 700 7pS 700 795 S10 sb 805 LOS teflber 7 7021 700 tOO 7 757J1 75 r CMhCA8U QUOTATIONS ° 1 rnr Uotato05 wore a followa Flour KfliW imrVncntp WSOIJilD straight 1 114 apecials i2O flatCflt I Itra1ghn balcer 1 y 1p 3Irlflg wheat O3c N 7li corn 52kc No 2 Il 2 oats Sc No 2 tr o 3 white 28iIZS5c barle3 1 L rAx fair Peed to iiruJ choico JUInH wifl 5Sc NcI N-cI prime 1f ½ Jso 1 Northwestern r J wf timothy seed 300 IC Per mcas 1 PmimjH barrel JM > ffHfa lard pnr i RSS 10 short ribs sides loose f > 9TUc short dry 8altcj shoulders boxed S trjLliC clear sides Inxcd 925 hiky hau > i Jt high wines 130 RECEIPTS AND SHIPMENTS b larrel Kecpts Ship f I abushel3 200000 143 000 ° U1IhO1 412000 1M1000 Ubcls 1415000 xnnooo R U8helc 1S5OO 3152 0 ey bU8hClS 60 OW J LTnOCO HOW IIODUCE EXCHANGE r proluce Oxchange today the but dull creamerle 1it10 c ti3li1 I eatie4juc i Coast Grain t rnnciso r i May WheatSteady I ciuth SlOUi t1Steu1y December 7314o ca h A Butter and Eggs lOrc inny ButterReceipts is ftrrrL creamery 17 < fl3cr S3 pac1engoo Arm cr Western regular packed 12fl3c storage stor-age Western lie Weekly Bank Statement New York May lTho I statement of tIm assoclalcd banks for the week ending today to-day l shows Loans sooi5O00ot Increase G003EOO Deposits 973111COO Increase 2321100 Circulation 31132000s Decrease t 1S2POO Legal tenders 719553W Deeteaso 311300s Specie i 182302700 Decrcnco ISoo100 Reserves J2oSOOO RR Decrease I J 5100400 J Reserve required 21327YC0 Increase A 6 0275 I Surplus 109SOOOO Decrease B779C7o The Financier says As a result of the exports of gold during the week the associated as-sociated banks of Now York In their current cur-rent statement show a falling off of W 1W1X > in cash holdings and this coupled with Increased reserve requirements no censltntcd by in expansion Jn deposits bt ought the surplus down 5100S01CO a loss of oiililTu as compared with tho previous week The statomont ls not lobo lo-bo classed as an unfavorable one although al-though ns a matter of fact It shows j heavier h decreases In cash than hart boon expected It IB to be Inferred lhat the condition of the banks Is better than j lG IIPWII l by time totals for the reason that Government disbursements for May Interest In-terest and bond purchases do not show fully while he losses In tho banks do In their operations with the Interior tho clcnrlnghoiiHo Institutions gained over 520COCOO while the losses to the treasury did not exceed S000000 so that a fair cs tlmalo of cash reduction does not exceed ex-ceed 3CCOCOO The loan expansion of SG 005MO is moderate considering the violent speculation of tho week and It would have boon heavier had It not been for tho policy df somo banks In contracting their Joans both as a matter of precaution and for other reasons Time result of lho rlso In loans and decrease in cash Is seen In a moderate rise of 2324000 Jn deposits The situation at present centers around tho possibility of continued exports of gold It Is i estimated that nearly or quite HQOCOOCOO of the now English bonds will comoto the united States Tho first In slalmi nl hits already been tnade An othpr Involving possibly 5OCOCCO will fall due about May ITtlm but IfNndlcallons count for anything the greater portion of the subsequent settlements will bo arranged ar-ranged for by 1 credit transfers rather than In actual cash This will relievo the position of the banks so far ds Immediate Im-mediate cash resources aro concerned but even as It Is there seems to bo nothing In tho situation to cAll for anxiety relative IP the loncy market The continued receipts re-ceipts of funds from the interior trace ablo both to firm rates hero and speculative specu-lative buying reveals the ability of the country to supply funds for all needed purposes It need not bo said however that the whole superstructure rests now as never before on a continuance of tho feeling of confidence v Stocks and Bonds Now York May 1The 1 stock market effectually demonstrated Us astonishing recuperative power again during the two hours trading today The selling orders which were thrown upon the market as a result of the nervous apprehension furnished fur-nished by yesterdays violent break wcro confidently absorbed and only a momentary moment-ary break was caused by the bank statement state-ment although it was moro unfavorable than had been expected and the buyng afterward was suificcnt to carry prices violently upward throughout the list obliterating tho Important earlier declines and establishing some striking net gains Tho closing was notably strong and at about the top The nervousness aroused by yesterdays weakness apparently led some large operators ope-rators to anticipate the Now York market by cabling orders lo sell lo London and early quotations from there showed declines de-clines of 2 to 4 points In many important American stocks This level never was touched In todays Now York market Opening prices were considerably above tho London parity although at declines of from 1 lo 2 points from New Yorks close in many stocks Atchison opened wldo nt an extreme decline of 2B and Union Pacific of 4 points Neither stock touched t the low level again although here were feverish relapses In price after the first rally Atchison closing unchanged nnd Union Pacific up 1 point The aggressive ag-gressive strength shown from the outset b y St Paul and Missouri Pacific had an Important i influence upon the growing strength of the whole market SL Paul opened j higher and rose an extreme 7i over last night closing near the lop Missouri Mis-souri Pacific opened 1 point higher and closed 3V higher v These movements served to give some reassurance to tho speculative contingent that the process of absorption of railroads for consolidation was still going on a be lief which was romewhat shaken by the character of soiling In Union Pacific yes Icrday It was argued also that the Interests Inter-ests doing this buying might have had a hand in I yesterdays collapse In order lo facilitate the operation as buying railroads rail-roads for control in a rampant bull specu lation Is necessarily an expensive operation opera-tion The largo demand from the short Interests also disclosed that bear opera lions played a very large part In yoster davs selling The Improvement in tho technical position of the market by lho shaking out of weak holdings encouraged lho Ipulls There was very obvious sup port also in the Unllcd Slates Steel dtocks which gained a point each on lho day Loans tnade on j Friday carry over until Monday > so UmU there were no actual l loan operatic today Money was easier In I London today which aroused hopes that tho foreign demand for gold might be 1 relaxed although the continental exchanges ex-changes still bear against London Tho bank statement seemed to bo Ignored al though It gavo no evidence of any gain In i cash from the interior lo offset tho subtreasury drain such aa had been con fidently expected Continental Tobacco was strong and advanced 2 i Tho stock market has again eclipsed all previous records this veek with maximum maximum for a single days transactions i IIted lo 3202100 shares on Tuesday and m I llio minimum for a single day as high ns27oOCOO shares on Wednesday The tb lal for tho week was 15018200 shares com pared with the previous high record of a trlllp over 1000000 shares during tho week before last The now records carried away many Inclusive records such aa hourly business tho totals of Individual i Blocks tim clearings of tho New York banks and a long Hat of prices of stocks In brief the market has been beyond all precedent In Wall street as to the aggre gate dimensions Of the trading tIme varl etv of securities dailt In the astonishing movement of prices and tho wide extent of territory which has been reprcsehlcd In l th dealings In tho lastnamed respect It might also bo said that the wholo world is represent cdLn the dealings cabled orders for ac count ot London and the continent figur ing largely In lie dealings as well as from cdi polni of this country especially lho West Tho rnosu sanguineminded among lie professional operators In stocks stand amazed at the prodigious ProportiOns lo which the market has at tained It Is a fact Indeed that tho vet erans In the Hlreot who have been through many booms iind panics hay perslslcntly underrated the future possl bllltlea of tim market They have largely either refrained from taking part In tho tradIng nTvlnF sokI out their holdings at a lower Icvpl or have persistently sold short only to be driven to cover at a loss bv the comprehensive upward sweep of prices The novices and seemingly reel less and uninformed plungers have reaped the largest profits In Urn great rlso In I prices There are wellauthenticated reports of largo investment holdings brought out by the high level of prices In the confidence that the early opportunity to recover tho holdings again at a lower level of prices aifd Homo members of the exchange hal 0 sold their memberships at what they con sidered fancy prices In the belief hat they might return from a brief trip in 1 Europe and buy them bock more cheaply The current explanation in Wall street of tho violent price movement in Union Pacific Is a case In point Selling by ln sldcrp at thehigh price which the stock jUialned was mot by qulot absorption by the IntoccslB seeking conlrol The In alders ncrcclvlng after a time that lho 1 accumulation of the stock was going on atlomplcd lo get back their holdings and the Hence cpmpeUtlvo buying which re sulted lifted the price of the stock by leaps and bounds Thin has boon the his tory of so many stocks recently that the sllghlcst plausible suggestIon of an effort to buy a railroad in the open market has brought a rush of hordes of speculators Into the stock affected to share the beno fits Consldcrlng tfle events of last year the purchases for consolidation In the an thraclt field of the Southern Pacific the admitted attempt to purchase St Paul tho success of tho effort to absorb Bur lington and the official dcnialp which ac companied all these the excited expecta 1 ions of speculators Of further similar IrariHactfonH is i not to be wondered at The success of ono such operation of course adds greatly to the probability of others for selfprotection by other rail roads Thorp Is great plausibility In the suppo sition that a conoolldaled control of Great Northern Northern Pacific Burlington and Eric might lead to the desirability and almost the necessity of offsetting mcasureti by lh other great Pacific llnwj grangers and Eastern trunk lines Tho situation thus precipitated by the action of forceful groups of capitalists who achieved tho Burlington measure has boon the mainspring of the enormous speculation which lias progressed to this weeks unprecedented stage TIme detailed reports circulated In Wall street of tho plans Bunponod to bo work Ipg i out for consolidations havo little admitted ad-mitted authority us Is Inevitable from tho advantage to be pained by reticence Only time can prove how much of thorn h ave a basis In truth and how much rep resents puro surmise All that can bo said Is that they havo gained cumulative power to attract the buying of Blocks and all the world has rushed to Wall street to buy Tho most skillful and expert ex-pert Judgment has utterly failed thus far to measure the resources of this buy ingAll I All the usual Indications that It was ap 1 i proachlng exhaustion have time and again met with renewed demand There I have been periods of heavy profittaking and reaction such as booms usually cut ruinate with There have been pinches In tho money market and calling of loans such as oftentimes have overturned an alrv fabric of prices reared to much less dizzy heights than the present But tho I 1 new rush of buyers has reinforced Iho re I tirlntr contingent and carried prices upward I up-ward Tho prosperous conditions now en during for several years have resulted In unprecedented accumulations of wealth md new capital Except for the enormous dealings In Union Pacific convertible Is In sympathy with tho stock tho bond market has not been extraordinarily active and prices h ave moved Irregularly United States Is declined 1 per cent the l Es per cent and the now Is and refunding re-funding 3s Vi per cent The old Is ad vanced 1A per cent over the closing call of last week BOND LIST U S 2s ref rcg 100 D II G Is 1O1 U S2s ref coup 103 Nor Pac 3s 72 U S 3s rcg 100t 4 4s 106 U S 3s coup 10Jj Or Nay Is 109 U S n Is reg 133VI 4s U Sn 4s coup13314 O S L 6s 12RV4 U S old 4s rogH3 > j con ns 116 U S old Is coupllSlA R G West Is U S5sreg i00iSoPac4s 93 T7 S 5s coup 110 Union Pac 4s 103 1 ColQ So 4s 01 CLOSING STOCKS Railroads Tex Pac 40A Atchlson S7 Union Pac 122 preferred 101ft preferred M B Ohio 100 Wabash 21 Can Pac 100 preferred 40li Can So 72 W L E ISVi C Ohio ID 2nd preferred au < C B Q 1074 Wis Cent 21 4 Chic I I 11I preferred 45 Chic R I 130 Express Companies Chic N W 20G Com-panies C n I P 163 Adams 175 C C C St L S3 American lOS Colo So 15 Unlled States S3 1st preferred S2 Wells Fargo 146 2nd preferred 24 ½ Miscellaneous Del Ilud 17o Amal Cop 121 D Lack W 222 Am Car Co 2551 D R G C > lte preferred 79c preferred 074 Am Lin OH 12 Erie 40fi preferred CS list preferred 70 Am S R i59 G Nor pfd 1S3 preferred 95t Hock Val E5 i Am Tobacco 12S14 Illinois Cent lily Anaconda M Co 49 Iowa Cent SO Brooklyn R T S3 preferred 50 Cole F I 101 S L E West C2 Coin Tobacco 49i preferred 120 preferred 10P L Noah 107 Gen Bloc 227 Manhat L 120i Glucose Sugar 50 Mot Si Ry ioo < Inlerna Paper 23 Mox Cent 27 preferred 75 M inn St L S51 Lackdo Gas SI Mo Pac H2A4 Nat Biscuit 421 Mo 1C T 30V Nat Lead 1TV1 preferred Ci Nat Salt 43V L N J Cent 15G preferred 76 ½ N Y Cent 101 Nor Amer SCa Nor West 55 Pac Const 5 ½ preferred SS Pacific Mall IS Nor Pac 110 Peoples Gas uy Ont West 3574 P Steel Car 44Tt Pennsylvania 15PI preferred S3 ½ Heading 43 w Pullman P Car 209 1st preferred 7714 4 Sugar 11GU 2nd preferred G5i Tenn C I 63 StL S F 4S UnlonflayP 13 1st preferred S4y preferred 60 2nd preferred 39M U S Leather 14U St L S W ii qi preferred 77i preferred 65 U S Rubber 21i St Paul I8li preferred C2 preferred 19S U S Steel 5214 So Pac 537 preferred 035i So Ry 32 West Union 07 preferred 55 Chi Term T 22 B s O pfd 02 preferred k 45V Erie 2nd pfd 57 Chi Alton 451f Hock Val pfd 7S preferred > f CGVf arex Nat 11 C Gt W < 234 T St L S ISM preferred A S2 preferred 30 preferred Bw P G C StL 0 Con Gas 225U R I S l9 5 Hocking Cbal 1SV preferred 56 Inlnl Power S3 Foreign Markets New York May 4Tlio Commercial Ad vertisers London financial cable nays The markets here were gerterallv easier today though fairly active Americana again monopolized attention They opened well under parity and generally speak ing i there was no rally the close being fiat at from 1 to 3 points under New Yorks closing prices of yesterday Union Pacific and the Atchions were the weak est features The market was on tho whole far less excited under the weak ness than It has been recently during tho rise It Is generally believer that weak traders have boon wcedd out and strong buying Is rported Conservative bulls eav tho slump puts the market In a much healthier condition OnratorH hero think that the break was duo to a concerted plan the object of which was to dls courago wild speculation It Is thought too that lie exchanges bad statement In I Now York has been discounted Money was easy St Louis Wool Market St Louis May iWool I quiet easy Territory and Western medium 1415 ½ c coarse iCv5rl3 > c San Pranclsco Wool San Francisco May Quotations I on wool hero today wore Spring Nevada 10 E12c Eastern Oregon 101fl Valley Ore gon lltfl5c Fall Mountain lambs 7Sc < San Joaquin Plains 63jle Humboldt am 1eiidocino Oj1Oc Live Stock CHICAGO Clmicago May 1CattteRecelpts 204 t market steady gomnI to prime 8teers 54 4 0 poor to medium 30O11495 stocker ammcl feederS 326j5OO cow c65i154 hellers 27CKf175 canners 2005 > 2760 bulls steady S30W110 calves 5350voOO Texas fed J125W5IP Texas grass steers 53EOS 1 > 440 Texas bulls 2757385 HogErRccelpls 16000 estimated Mon day COOOO left over 3G50 market weak top 1587 ½ mixed and butchers S555ff5S5 good to choice heavy SoG5ft587i roug hit heavy i5M5r light J5COS 580 bulk C h-it sales 30t5S Sheep Receipts COO sheep and lambs steady good to choice wethers 4201 a 400 fair t choice mixed iOOL25 r0Sl em slmeep i2O1iO yearlings i25j46 I native lambs 12Otj525 Western lamb KANSAS CITY Kansas City Mo May I Cattle Receipts Re-ceipts 500 market unchanged HogsReceipts 7000 10c lower hul k of sales 56Oj575 heavy 1570o8O pad ors 5GJ4575 mixed 5CO67o iijit S 5 tZfit5 yorkers 52I5t0 pigs 14J620 No sheep OMAHA Omaha Neb May 4 Cattle Receipts S 1000 steady native beef steers 125 7550 Western steers COtT185 Texas steers 3Uyl2 cows and heifers 3351jJ5O 1 canners 200ffl25 stockers and fecdprs 532GJf5JO calves 300S6EO bulls stags etc 27i50 1 Hogs Receipts 9900 7i filOc lower heavy J5C5B575 mixed 562 > A GGG light ° 560Th5C5 pigs 5CX > g5GO bulk of sales W62 ½ ZI58 Nosheop DENVER I Denver Cob May 4CattleReceipts I ISoO steady beef steers 4350JI510 cows WEOflICO feeders freight paid to river CO2M70 stockers freight paid to river J32r rl70 bulls stags etc 200g325 IIog Receipts 200 slow and weak lig ht packers 55O555 mixed and heavy f57 No sheep |
