| Show SLUMP IN THE MARKET CornCarrying Roads Were Greatest Sufferers BUT WEAKNESS WAS GENERAL There Was a Tumble of Seven and a Quarter in Union Pacific A LateRally Late-Rally Pushed Prices Up Somewhat Prospect of a Favorable Bank Statement Was Also a Factor Closing Was Irregular but Ncnr Top on the Recovery Bond Market Was Only Moderately Active SILVER New York 5Se San Francisco oisu London 25 15lCd LEAD New York oxchmuo J437VS I COPPER New York exchange 51CO Silver and Drafts New York July 12Bar silver 5S3ic Mexican dollais 4frVJc San Francisco July 12 Silver bars S ½ c Mexican dollars 49lift Me Drafts sight i2c telegraph 35c L Money and Exchange New York July 12 Money on call I steady at 2G per cent last loan 2 rul ing rate 4U t i Prlmo mcrenntllo paper SSI1 per cent I Sterling exchange heavy with actual I i business In bankers bills al 51S7lfe for do mand and nl jlSfUftlMft for sixty days Posted rates JISV i4 SG and I < Commercial bills lh4f ISIVi Now York Metns New Ynric Jill 12fhmo foreign an I domestic tin markets were more regmulam today tiiami they have been for somimo lily I liasi Tue lees I immarket ilitlo mirmot spot closimig ivitli sellCrs at rim I Loiitiomm nimirket wms steady and 1 higher with spot closing at 131 and futures al L 117 los Coiper was 12s 61 higher in London witI I spot closed at 67 15s and futures nt 4S q The local market ruIel fIllet and noniina I ckh prices unciiangel Lake 17c cast Ing tre lctd was dull amid ummchamiged here with L iuoteci London was tuachanged Speller sas duili and umichnumged at Ne York at 3 while London wus 2s 6 I lower at 10 lOs Pig iron warrants unchanged un-changed at 90m iO5ft San Francisco Mining Stocks Sium Francisco Jtmly 12Time oficia 1 closIng quotations or raining stocks to day were u follows Alma Olliustico 01 I Andes 03 Oc Con I Beichier 03 Ophiir Best 5 r Cliah Comm 23 Savage r Clmohiar i Sierra Nev I Confidence 85 Sihem 11111 Comm C a 1 Starmdari 3Ti I Crown UnIon Con I I Gould Curry 12 Ltahi Con S 2 Ilillo t Jacket o 7 Mexican 16 NEW YORK STOCIS Am S It 5200 Lead Con preferred 10023 Lii tie Chief 11 2 Adams Coim 15 Ontario 90 2r Alice 0 Oishir 1 Breece 350 PhoenIx 0 Bruns Potosi Corn Tuim 05 Savage 0 5 C C I Va 200 Sierra Nc 1 1 Dead I 51 Small Ilopes 1 I torn Silver 135 Stamidard 32 1 Iron Silver 58 BOSTON MINING STOCRS Adventure 2SU0lhimniboldt 250 Ani Copper 12225Purrot 520 Atlamutic 5600 Qumtmicy l150 4 C Binghiam 2151 S Fe Cop 65 t 3400 0 Centennial 27W ltahi 290 Franklin I7 yinomim 250 Grain and Provisions Chicago July 12 Higher cables light Argentine shipments and strength in course grains caused heat to open itrong and active The volume of Irad lug was the largest here In weeks rim export demand together with free coy ering by shorts held prices firm and tim liberal cash business alno was a bull fac tor September opened < to lyfcc higher I at We steadily advancing under acilvo buying lo iJSe 3 alcr till market de dined hut ihe close was 22yiC higher at GSififtSUe Reports from the corn belt showed the drought was still unbroken and the blighting effects of the dry scorching heal cauicd corm i to open active and higher Todays trading was simply a rcpeilllon of yesterday with the excep llon that prices today were on a higher plane Local bulls realized early but their offerings were readily absorbed by commissionhouses on country buying loiter In Iho day local professionals en deavored lo replace their lines and prices advanced sharply Tho close was strong 2j2c higher at 534c Oatn opened active and higher on un favorable weather and ruled dram all day September closed with a gain of c at WeWith With cattle and hog food being de stroyed by drought ihc tendency of the provisions market was necessarily up ward September pork and lard each closed with a gain of 7c and ribs 2c higher RANGE OF THE LEADING FUTURES Articles Open High Low Close Wheat No 2 July 66i 67 1 GO C V9 September 65H C f SU 3cccmbpr 6373 701 CSft 70 Corn No 2 July 61VV S2Vi GO 51 i September 52i 61 C > 2 S3 > a December 52 Si4 61 W Oats No 2 July 3U 52 31 31 September 33 33 32 324 May 35C 33 3iV 35 lucss Pork July 1II7 HI7iA 34SO K3T September 1155 llCO 1I12 ½ 31CS Lard July S70 September i75 8i76 870 375 October S72 875 S70 S721 Short Ribs July 7M 792 7S2 7MVA I September N07 S70 K02 > S10 I October SOO S07 7971 807 ½ CASH QUOTATIONS Cash quotations were as follows Flour steady No 3 sprIng wheat C67c No 2red tTVirfj68c No 2 corn S1e No 2 yellow 5lim51c No 2 oats 3am3Ic No 2 wiitel 3Sc No 3 hlte No 1 flutxsecd vv PrIme timothy seen 470 Mess pork per barrel Jll40fl415 larh per 115 1 < pounds JSGTfr570 Short ribs sides loose OiiSlu dry salted shoulders boxed 7ifi7io short clear sides boxed SEW51X Whisky basis of high wines 5127 Clover grade JOofl contract RECEIPTS AND SHIPMENTS Flour Articles barrels Recps Ships Wheat 12V 30000 bushels Corn bUHhcls 1950CO 261003 Oats bushels 20000 32SOW Rye bushels 090 < X > 38IOCO 33urley bushela 3000 200 > PRODUCE EXCHANGE On lie Produce or market exchange today the but was steady Crcanierles JSc dairies 137rJGc Chccc jOe Egg BICUi 12mLc steady tJ New York Grain Market Excited Net York July 12rhere of was a scene great excitement in both time mtnd wheat corn markets today the grtgating one of lie largest trade a Itt a year or more days totals wf Prices Jumped 2o especially during mus ho to corn corn miklmig 6c day In advance for ho meek Orders poured into the maricet that brokers could so fast at the prices desired searcely execute hem amid the usually small crowd around lie corn ring increased VIIS to such an times It almost rivaled extent hat at hat JitThe in thc wheat The farmers have taken thin bull ido inti their hammds amid in the fact of heavy reahling oii the hart of the professionals hare kQpt prices goimig mmntih time cry is for c 1mm Chicigo Whero the present bull movement will end l01Cnds a XCtLt 5 + desl upon wnthiir < conditions In the lead Inc corn Simon Wheat also took on nn extraordinary Jump today nnd from being an option almost al-most entirely frIendless nt once leaped to popularity with the bulls and gave corn a clo rare for leadership In the mutter mut-ter of mlvunc for the day Prlcca at New York closed 2tii2Sf higher than the previous night and practically at the top Professionals were caught on thin bulge in wheat and some of them lout about all tho money they had nmdo throuRh selling long corn to the bull 1 public For weeks and month wheat hns persistently per-sistently bcon hammered by everybody on lie Idea that the crop would bo a record one and moro than enough lo make up the foreign shortage limo result I re-sult nan been a hugo short imprest part I of which WIIM caught In yesterdays big advance The remainder IH i In a slate of anxiety ns to what the outcome will be realizing that a much greater upturn must mean the covferliig of a big line of what Today bulls were stIll furlher encouraged by reports that wheat In Limo Red rtlvrr valley ws being Injured by excessive heat after recent wet weather Coast Grain San Francisco July 11 1WheaEmm5eir December lOIa cxsh fi7 A BarlcJ No salts Stocks and Bonds New York July 12Todays stock mar ket was HUbmltled to another drastic process pro-cess of liquidation which caused somo severe losses In the prices of mocks In the late afternoon ihern wan a subslan llal rally which wiped out Important pro i porllons of the extreme decline The 1iiu I recovery wnn extremely erratic nnd wna unsteadily held The closing was Irreg ular but with priced near lie lop on time I recovery There seemed 10 bo no new I iHUso lo Induce time conilnunnco of tim rolling movement beyond those of a tech nical nature The bears were tim active factor In breaking prices but tho speculators Song of stocks stood passive wllhout any re sistance In the ohape of buying to siip 1 port time market The consequence was that on earn successive raid by the bears stoploss orders were uncovered mind apectilallvo margins wiped out forcing the brokers to sell out their customers lo save losses for themselves Tim banks continued keenly alert lo Ihe course of priced encroached upon Ihe margin of valuation aa collateral compared with tho market valuation l forced additional liquidation on time ex I I change There were large soiling also through commissionhouses from nil quartern by that class of holders which Is discouraged by the mere fact of a decline de-cline and which Bells out on tim prospect of gelling stocks hack at a lower figure Rebuylng by I ibis class of holders added lo the demand from Iho shorts und stopped the late rally Reports from tho l corn belt allowed no Improvement and It was time opening quotations m for corn which toppled overprices over-prices of stocks ufler some progress had been made toward recovery In time early dealings The terms of the announced I settlement of time Western freight its lurbnnco were also considered unHntls I r factory owing to time combined defection I of one of the minor roads In the terri tory The divergence of news from tho I conferees on Iho labor dispute on llm sleel trade was the subject of continued apprehension The fact that assurances wero given yesterday thai an official slnlernent would probably bo made before the end of tIme week of the terms of the Northern PaclJlc settlement caused disappointment over the nonnppearance of such a state meat today and caused some recurrence of uneasiness lest renewed discord should develop In that quarter Inder tho flood of selling orders thrown upon the market by ihe Inlluenee of time various discouraging factors there wero declines below last nlghln level for Wabash Wa-bash preferred of S points Union PacUlc 7M Atchison Vfc Atchlson preferred Sc St Paul 5m4 Iowa Central preferred 5 Rock Island and Delaware Hudson a Chicago Alton and Texas Pacific 4fe and St Louis Sun Francisco 4 It will be seen thai lie cornenrrylnsr roads were the greatest sufferers but that the weakness wan very general Is Indicated by sueh losses as Laekawannn 4 ½ New York Central 4 Pennsylvania 3 C O 3V4 U O 3Tt Consolidated Gas 5Vi General Electric 12 Colorado Fuel 9 Colorado Fuel preferred 7 United Stales Steel 31 and general decline de-cline embracing mast prominent slocks running from 1 lo I points The Into rally which materially modified modi-fied these drains was primarily duo to the oversold condition of the market tho bears having operated on the shorl sldo with great holdnees throughout the week The prospect of a favorable bank statc merit was also n factor The railroad bond market was only moderately active and weak In sympathy with stocks Total sales par value 3 20000 United Stales new 4s declined i and lime old Is and 5s advanced U per nenL on the last call BOND L3 STD U S 2s ref regl07 > 4 ST-D A R G Is 301 U S 2s ref coul07Vi No Pacific 3s 72 U S 3s reg 1C5 No Pacific 4s 103V V S 2s cou108i1 l Or Nav hits 107 U S new is reg13S Or Nav 4s 302 U S new 4s coult3 O S L 6s 130 U S old 4s reg 112 i O S L I con 5s 11G1 U S old Is con 1121 R G W istsl0I U S fls reg 100 So Pacific Is 91 U S 5s comm 100 U P Ls 91oi Cal So 4si S3 CLOSING STOCKS lialiroads So Pacific 50 Ateliisomm 7 So fly 23I preferred 0it prelerrent 13 ½ Tex Pacific 37 preferred 91 1 St Ij V Can Pacific100m preferred mln So r6 U P C 0 43 preferred 137 2 A Wabash JS inoferred 75 preferred C B wr E 171h C I r 31 2nd preferred 23 preferred i r15 Cent 20 C F preferred CGW 22 A preferred Express Cos 13 preferred 15 Adams 10 C N V 194 Aniericami 192 C R I U S Chi T Wehis Fargo 110 preferred 3Gi Miscellaneous C C C St L 86 AmU Cop 112 Col So 12 Am Car F 2S 1st preferred iS preferred 83 2nd preferred 20I Am Limi Oil 21 Dci preferred I 1 L 226 Ani S 1 fl C 43 preferred 10U imneferred f Am Tobacco 129 Erie 2I Ana Mm Co 1st preferred 5 13 it T 2nd preferred 52 Cal Fmel I Gt No romi Gas 21214 Ilock nile 50 Coat Tobacco preferred 71 preferred ii Ill Cent 1i54 Gen Electric 251 Iowa Cent 3i1 Glu Surar preferred 72 hock Cai IS IJ F W 54 lot Papei 2 preferred li preferred 75 14 mt Power Mami I 115 Lacleilo Gas Met St fly101 Nat Biscuit tl siex Cent 21 Nat Lead 20 Mex Nat 0 Nat Salt M St preferred 7rm Mo Pacific I02 No AmerIcium M K T 25tS Pacific Coast 64 preferred 52 Pacific Mail 3714 N J Cent 7 Peoples ts 112L N Y Cent 1rJ4 Pressed S C 43 No nrforrel prererrem 9 Pullman P C205 o P pd Rep Steel Ont 3i preferred 72 Pennsylvania 1i2 Sugar 137 Rending rena Coal 1 1st preorred 75l j fl P Co 1614 2nd preferred 49 lireferred St h4 S F 41 U S Leather 79 1st preferred 7S lrcferrcd 2nd preferred U S Rubber 2 St L S S 27 Preferred 58 preferred 60 U S StecI Si iimijl 157 Pieferred imreferred 183 Wesi Union New York Sugar Market Ne York Jtmiy l2Sugarhtaw steady aim refining 91r ccntrilugnj 96test 4 3lGc molasses sugar 3 5ICe Reilned steady crushed 00 powdered 5G0 granmmlated 5e0 Butter and Eggs New York July 32 Bullor Receipts 71CS packages steady creamery 35ffl 9c actory r 13fil ic ggs Receipts 7S W packages West era candled 13o35c uncandlcd iij12c London Wool Auction London July 12The offerings at the wool auction sales today bales numbered 1120 Medium crossbrcds J Jar and 30f 15 were Irregu 1 per cent below the May average There was an Improved i t nand for dc coarse kinds those suItable ton j America selling > id above tho opening Capo of Good Hope and Natal was firm American buyers secured several pnrcela of Merinos and crossbrcds St Louis Wool Market St Louis Mo July i2WoolQuiet steady Territory and Western medium 33tjl3c fine 30 lCc coarse 10912 > c San Prancicco Wool San Franolcco Cal July Quotations on wool hra today were Spring Nevada I I0f i12C eastern Oregon 10fH3c vai1y Or gon IStfllc Fall mountain Iambs S ii Joaquln plalna GTc HumbolUi sj l Mcndoclno Foreign Market New York July 12Tho Oamm rrii Advertiser Ixindon flnfinclnl catmicgrs guys Tho nnrkct today uis very 141 except for American Rtoekn The t1epre slon was seneral Th course of A can btocks ran unevcntiiHlly until after noon with Germany holding and Ani ntcrdnm i rather buying than soiling Then New York smashed mba market notnbh Atchlpon and Union Paclrte and the clov wan rt the worst London aUAhc r Importuncp i to the rumore l quarrel b < iwccn tim Morgan and harriman Interests hut dislikes tho crop nmm There U a feeing here too that several New York jwola are overloadwl find leaking Thn llnlnoMt hero proves dim In time liquidation on a large scale of bull accounts carried by three men live Stock CHICAGO Chicago July 12CattleReeipls yf Including i SV Texans Generally atfaily Good to prime tccnijfcJri1f > tf2rt poor to medium f3r0f510 atokera and fredrrn S2OOtH40 cows and h lfers Jiir ro canners 4175fJ250 bulls 522ott440 calve fl0i5ff700 Texas steer 305402 bull 250 340 Hogs Receipts today 120CO tomorrow I 5000 left over 1500 Mostly lOo higher Mixed and butchers tSJ ASi good to choice heavy J61tijlO rough heavy JTiO jOOG light 909G2o bulk of sales 1 6 10JIL25 Sheei > Receipts DM0 Active to irv > higher h Good to cholcn wethera il ftv6 I 476 fair to choice mixed J350ii41 Weot orn sheep J370T JIO i yearlings Wiffi70 noilvo lambs l37GSC2j Western lambs KANSAS CITY Kansas City Mo July 12 CaL tlrfle colptH WOO Slow Native steers itltbm f > t5 Texa and Indians 374i425 J Ter grassers 3fK > T37 native cows amid heir ers 3XffrlX stockers and feeders Z5lo t uiito bulls 2EOfiaM calves 3SOVI75 Hogs Receipts ZIC O Active and 5o higher h Heavy J lVJfiJ15 packem j > jrt Ii0 mixed ioSOGCO light 570fto80 P pigs tUtih70 Sheep Receipts 3VtO Strong to iVj higher h Muttons f3f vj I lCim lambs 5471 > gi GCa Texas grass sheep 325t3 DENVER Denver Cob July 12 Catlle Receipts 100 Steady Beef ulcers l IVfTG25 cows J2COg42r > feeders freight paid to river 32rii25 Miockers freight paid to river 3OOflCO bulls stags etc J2Mfr2f > Hogs Receipts 600 Higher I Light packers S5WgGC0 mixed JGSOyoOJ heavy WOOC05 Sheep Receipts 700 Steady Good fat millions f3JOW3G5 lamb IM > Tiroo ST JOSEPH St Joseph Mo July CattleRe eelpts SCO Active and steady Native l2iV 510 cows and heifers 1 tvftIM bulls and stags iVoOO stockers ant feeders 221ii125 veals 3onriSV Hogs Receipts 7819 Gemrally frftloo higher Light and light mixed yfr 010 medium arid heavy JTiW fjGCO pigs IC K5rO bulk J5S57GIO Sheep Receipts lOTS Strong to 1e higher Top eves J370 lambs 1EI2c higher top JftFO |
