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Show I STORY OF DAY AND 1 WEEK IN STREET . Eflk! Saturday Speculative Market in Goth- PlAn am. "Was Offish Summary of Week. lYfl NEW YORK, April Z Todays stock Vfl market was an Insignificant affair, as was to bo expected of a two-hour session m between two holidays. The fact that the . jL 1 London markot was closed today was an 1 additional Incentive to absenteeism on the j I part of tho stock exchange membors. H J Tno r"t ' Pricos was sluceish through-it through-it J out- Tho Pacific stocks especially re-akl re-akl ceded from their recent prominence In the rel market. People's Gas suffered from n profit-taking and was a depressing lnflu-1 lnflu-1 ence on tho general list. hM The wr-athor bureau's crop bulletin and i, ff V tho weekly reviews of the commercial ' MB acnclca woro not sufficiently cheerful to ipTlB lnduco any buying of clocks, but thcro 'In waB no urgent pressure to sell. Ul Tho bank statement rovealed the largo , Ah transactions which have beon going on ABJl In tho money market, but the malnlen-anco malnlen-anco of Inst week's full surplus by tho offsetting of other Items, and tho oxtromo 'BBg case now ruling in tho money market i, BH prevented any anxiety over tho banking HQ situation. Vl T'10 cash Items reflected tho rocclpts of ' W i Government doposltti from Interior bnnku I I coming over from last week's operations, j The Government deposits Included in tho J deposit Item amount to 530,107,40), com- Jf pared with JI5.WS.1CO last week. Tho ex- ly IwH panslon of nearly 515.CW.0O) In the loan BhQBj item Is considered corroborative of tho HVt rumors of large loans contracted during ki i the week In connection with stock mar- ' ket operations. Yesterday's payment of BB7 ' subscriptions to the $50,000,000 Pennsyl- "BB j vanla noto Jssuo probably flguros In this BIH Item nlso. Tlie markot closed easy on a BM Into selling movement n Total sales of bonds, par value, ?1,G40,- M Prices of stocks have moved In an Ir- BB regular way during the week, with nu- BE j mcrous reactions, but tho undertone has L W 1 been strong and there has been a con- t nldernblo broudenlng of interest in tho IHssolution of Securities Company. V fi 'T00 prlnclpnl market Influence was tho A w dissolution of the Northern Securities company, and Its supposed consequences, HUl but It Is probable that a revival of specu-latlvo specu-latlvo Interest would have occurred nny- BBw how as an outcome of the factors usually WW operative In the spring of tho yoar, when j fhe outlook for future business naturally Bp , begins to lake form and money ccndl- BF I tlons at tho n-servo centers are likely to BV nfford facilities for spcculallvo opcra- M Hons. mLCL ''10 vn'"rac nnJ tnc character of tho BTVflj transactions In the great Pacific and BBu 1 Transcontinental railroad stocks givo'om- VrJI P'c warrant for the prevalent assumption B'l that Important operations are working BBl mk 0,lt 'n tnal ,lf,lc1' designed to establish Bj financial policies on the part of the great BBJ Bk. forces of railroad capital. What the poll- BB Bft cics arc has not been established, and IBM HLvConJecturo on the subject has afforded BB BT ftnplo material tor speculation and tho BB Bj flotation of rumors to further It, which iBn HI have varied constantly and almost from jj Bw day -to day JBiW It la manifest that rr.anv of these ru-N ru-N A mors have had their o - from a trail tra-il vK-M vcrsal of the hlrtnry of . ' ewnts ieadlng I! iTL UP to the formation c'nc Northern Se-T Se-T curltlca company and ihe projects which '! J were afterward discussed to meet tho t r conditions of the merger. Tho feeling has t-i.j crystallized In "Wall street that the dlsso-jT4 dlsso-jT4 h Jutlon of Ihe Northern Securities com-' com-' 11 P pnny hns tho effect of re-establishing the a I j conditions of the Northern Pacific scttle-1 scttle-1 lit v rncnt ns they were before the formation i atl 1" orthern Securities company. I Compromise Directorate. 1 f r 11 W'H oe remembered that a com? 1 promise board of directors has been j ' 1 named by J. P. Morgan for tho Northern , c , Pacific, which included Union Paclilc rrp-,M rrp-,M rcsentntlves. and effected an actual com- 1 ti munlty of Interests In that company. But StUo tmbarrasHmcnt of tho enormous tie-up tie-up of capital for maintaining the holdings of the various Interests In the company prompted tho holding company for tho purposo of allowing the release of pome of tho capital Involved without relinquishment relin-quishment of control. This Is acce.pied as a demonstration of a way out for actual community of Interest without conflicting with tho Supreme court decision. The present angulation seems based upon the assumption that with a way open for securing se-curing community of Interest In the railroad rail-road world there will be a renewal of -tho projects which were nipped In the bud by the Judicial disapproval of the Northern Securities company. The ono substantial basis for tho assumption that such policies poli-cies aro working out Is tho continued largo absorption of Union Pacific stock. There was a tlmo when transactions In ns largo volume as those recently mado In Union Paclllo might have been plausibly plausi-bly set down to a purely specula:Ivo campaign, but that was when a broad, general limit for stocks could bo rolled " upon for quick absorption of apeculatlvo Jn tho present torpid slate of the publlo demand for stocks the supposition of Bpcculatlvo operations seems Inadequate. Sizlnp Up "Union Pacific Deal. 10 conviction Is therefore general that I thoro has been an Important accumula-j accumula-j tlon of Union Pacific stock for some other I than tho speculative purposo of reselling I at an ndvanco, Last wceVa surmlso tr j" 1 Morgan-Hill Interests were taking t K stock to balance the Harrlman-Kuh K Loeb holdings In Northern Pacific an w Great Northern was supplemented ' a week by circumstantial assertions that 4 St. Pnul and Standard Oil Interests were m acquiring Union Paclllc control to assuro & PaclQc coast outlet for St. Paul. Tho necessity of such an outlet was admitted bv St. Paul at tho time of tho purchase B of tho Burlington, and stops toward that JP end were takon at tho time. It would bo 1 useless to sum up all the rumors and as-lij as-lij eertlons of tho week that Ingenuity and speculations havo prompted on this basis. "iS J MThl3 has been the motive power of tho 153- 1 .rnarket. ItB effectiveness has been fos-.Jj fos-.Jj 1 h,Jtered by somo encouraging factors In tho a.Y vlKeaeml conditions. Money Is abundant W I ciBana rates havo declined. The transfer of Cr,f 'vBjQovernmcnt deposits to Now York In t?y 'Bproparatlon for tho Panama canal pay-TBHnent pay-TBHnent has Increased tho supplies In that Btnarkct. Tho expected Inflow of gold was ilVM BVelayed. Railroad earnings have mado n fehi Pomowhat better comparison with last sum ,Byear. Cheerful reports come from tho Km Woal tralo. and an active demand Is rc-mU rc-mU jBported for copper. Improving conditions CM) LBfhC'W In tho Iron and steel trndo. but tho lll.'.lirpcct of n poor quarterly report by KBPr Mno Unlted States Stcol corporation and Bjl W'Twoubt3 over tho maintenance of tho pre-jW pre-jW a tBcrred dividend havo modified that lnflu-iyj lnflu-iyj 'nee. Tho crop outlook continues uncer-wVF uncer-wVF y'Braln, and Is not yet a dominant Influence. Ui V.M Bonds havo movel Irregularly on a cTl XBnodernto volume of business. ZrI B United States 2, old -is, now is coupon tjCRjl BBnd 3s registered havo advanced y, nnd JBiBL Whe 3s coupon i per cent on call during lxSBk o week. lHVfl CLOSING STOCKS. InBwBwJH Sales. High Low. Close MBBBBjJtchlson C,f) 72 72 72 f'rBBBBBjlpreferrca G00 91 OW4 ll'Biluiferred't W lTlj! pPavl(3.daiiT Pad'!!'.'.!! 'lW 116 116 115 iHW ' frfhcsapcako'&'b!!! '5co M6 Mvl MVS rin tttthlcaKO and Alton. 100 35 SS 35 preferred w WV jlhl & W 100 171 171 171 ErtH jfUK;"""'"" 7,SC, 145 11 4- SILVER. -t- New York 55Hc 4- San Francisco KHc London '. 25 7-lCd 4- LEAD. New Y'ork oxchango U.O&4.G5 -f COPPI3U. . -f -r- New York exchango ....$13.0013.25 -f -f STOCKS AND BONDS. -f Dull, Irregular. GRAIN AND PROVISIONS- -t Wheat Active, Btondy. -- -f- Corn Steady to higher. Oats Higher. 4- Provisions Active, to strong. 4- LIVE STOCK. Cattle Steady. 4- Hogs Active, hlglicr., -V- -f- Sheep Steady. -f C C C & S L 1G Colo South 200 1GU lCi 16 1st preferred g 2nd preferred 100 28 23& 23W. Delaware & Hud .. 400 153 1KI 133 D L & W 100 240 W0 D & R G ... t0 21 21 20 preferred aL. Erlo 1,000 26 2GVI 2Ci 1st preferred 100 CI 04 C3 2nd preferred' '0 Hocking Valley preferred .j. 50 Illinois Cen 1 Iowa Cen 200 18 IS 1S preferrel "3 K C Southern 1? preferred So L & N 3. M0 109 10S V1W3 Manhattan L SCO 142 142 142 Metropolitan Seo s Mot St Ry a 112 111 111 Minn & S L 40 M S P & S S M 100 C2 Cr C2's preferred H9 Missouri Pao 3,30) 93 93 preferred 201 3S S SSi Nat R R Mex-pf ... 23 S 3S 37 NY Con 400 117Vi H7U HC! Norfolk & W LOCO ES DSii h&A preferred f Ontario & W '-'iTn Pennsylvania 10.600 11S 11S HSU' P C C & S L CO Reading 1,S00 45 41 41 1st preferred 700 79 79 7S 2nd preferred GO . Rock island 700 23 22 22 preferred C2U. S L & S F 2nd pf... 200 4C 4J 46 S L & S W MJ4 preferred .'. J-Wl Southern Pnc 3,700 49 49tf. 49-3, Southern Rail 3,100 23 22 22 preferred 200 &t SI W Texas & Pao 100 23 23 23 TSL& W 100 25 25 23 preferred 100 33 33 34Vi Union Pnc 14,500 SG S3 5 preferred 200 92 92 92 Wubash 200 19 39 1S W & L. E 100 ltt 16 1C Wisconsin Con 100 1S 1S IS preferred 40 Express Cos Adams t 220 American 1 United States " ... , 303 AVclls Fargo 20j Miscellaneous - Amal Copper 2,700 DO 49 49 Am Car & Found .. 100 20 20 20 preferred 72 Am Cotton OH 29 preferred v SS Am Ico 100 7 7 7 preferred 27 Am Linseed Oil S preferred 2S Am Locomotive .... 100 21 21 21 preferred .... 700 49 4S 49 A S & R 200 92 92 preferred 3.700 128 327 327v5r Am Sugar C6 Annconda Mining .. 3,100 44i 41 41 Brooklyn RT 41 Colo F & 1 2S Con Gas 197 Corn Products 13 prefer Ad COO 23 23 24 Distillers' Seo 164 Gen Electric 300 32 32 31 InternM Paper ..v. 300 03 C3 Co Intcrn'l Pump 37 preferred 73 Nat Leal 35 North Am S4 Pacific Mall 27 People's Gns 0,100 3H4 93 PS Pressed Steel Car 2S preferred CO Pullman 203 Republic Steel 30O 7 7 7 preferred 300 43V1 43 42 Rubber Goods CfO 19 19 19- preferred 200 79 7S 7i Tenn C & I 2,300 39 39 39 U S Leather COO C C 6 proferrofl 300 7S 78 TBi U 8 Realty C preferred 300 G0 &0 U S Rubber 3.M-0 31 3S 33, preferred l.MO ns M U S Steel 3.000 11 31 31 preferred 1.5(0 K G9 D0 Westlnghouso 159 Western Union SS National Sec 90 Total sales, 11S.GCO shares. NEW YORK BOND LIST. U S rcf 2s rcg...l00 Manhat c g 4s. .103 U S rcf 2s coup.l03tf- jrCx Cent 4s 05 U S 3s rcg 305 let lnc 13 U S 3s coup 107 Minn &. St L 4s. 96 U S n 4s rcg 107 M K : T 4s 300 U S n 4a coup... 307 2nds 77 U S old 4s rcg... 332 N R of M c 4a.. 76 U S old 43 coup. 333 NYC gen 3s. 9S& Atchisou gen 4s. V3Vi N J C gen Gs....32S adjustment 4s. 9 Nor Pnc 4s 303 Atlantic C L 4s. 92 Nor Pac 3s..... 73 tl p. r i a 1 fVS -NT e. -- nr.n Jo ftl B & O 33 91 O 8 L 4s & P.. . 94 Cent of Ga Gs...306 Pa conv 3a...-96 1st lno 63 Reading gen 4s. 96 & O 4s 103 St L & I M c Ga.111 Chi Sz. A 3s.... 76 St L & S F fg 4s S2 C B & Q n 4s... 91 St L S'wcst 1st. 91 C M & St P g 43.107 Seaboard A L 4s 70 C fc N con 7H...123H So Pac 4s S9 CRI&PR43.. 71 So Ry Gs 113 col Ga 79 Tex & P 3st3...310 C C C St L g 4a. 301 T St L & W is.. C9 Chi Term 4a SO Union Pao 43.... 103) Cons Tob 4s.... 59 U P conv 4s.... 9S Colo & So 4s.... S6 U S Steel 2d Gs 75 D & R G 4a .... 97 Wabash lsts ...116 Erlo prior 1 Is.. 97 Wabash dob B.. 61 Erie gen 4s...... S3 W & L E 4s.... S7 F W Sc TJ C lst.105 Wis Cent 4s SO Hock Val 4s.. .1040 F & I c 5s.... 71 L & N unl 43.... 93 Silver and Drafts. SAN FRANCISCO, April 2. Silver bars, GGVtc. Mexican dollars, nominal. Drafts, sight, 12c; telegraph, 15c. 1 Bank Statement. NEW YORK, April 2. Tho statement of avoragea of tho clearing-house banks of this city for this week snows: LoanR, 51,022.707.100; Increase, J14.S43.400. Deposits, $1,069,309,400 Increase, W.700,-900. W.700,-900. Circulation, J30.SSO.000: decrease. J36.00O. Legal tenders, 71,i07,300; decrease, $20J,-000. $20J,-000. Specie. $223,390,100; Increase, J3.663.000. Reserve, J295.0u7.400; Increase, J6.4Cl.tCO. Reserve required. J257,3t2,360: Increase, $6,175,226. Surplus, J27,75S,030; Increase, J2S6.17D. United States deposits, 11,781,94)0; Increase, In-crease, J2.S2C.000. Butter, Eggs and Sugar. NEW YORK. April 2. Butter Easy; froah creamery, 15fi23c; Statu dairy, 3S 21c Choose Steady; State, full cream fancy, small and large, colored and white, September, Sep-tember, 12o lato made, 10c. Eggs Firm; Westorn urats, lSc Sugar Raw, nominal. Monoy and Exchango. NEW YORK, April 2.-Closo: Money on call, nominal; no loans. Tuno loans casyf sixty days, ZXSQ per cent; ninety days, 3 per cent; six months, 3(f?4 per cent. Prime mercantile paper. 414C6 per cent. Sterling exchange steady, with actual business In bankers' blll3 at J4.S7.30C4.S7.35 for demand, and at JI.S1.7&&M.S1.S0 for sixty-day bills. Posted rates. $I.SS474.SS and Jl.SS. Commercial bills, J1.S4. Bar silver. G5c. Mexican dollars, 44e. Bonds Governmenta strong; railroads steady. St. Louis Wool. ST. LOUIS. April 2. Wool-Steady; medium grades, combing and clothing. IS (fj'ic; light, line, 1517c; heavy, flno, 13fj" 14c; tub-washed, fOfrSlc. IJvo Stock. OMAHA. SOUTH OMAHA, April 2. Cattle Receipts. Re-ceipts. ICO; market steady. Natlvo steers, J3.WC6.15-, cows and heifers. $2.70M.25; cannors. $l.SOft2.0Q; stockors nnd feeders, J2.S0fM.a5; calves, J3.0OfJ6.75; bulls, stags, etc.. J2.254T3.60. Hogs Receipts, 4200; markot 5c higher. Heavy, $5.0Ofc6.10; mixed. J6.COS6.10; light. $5.00-30.32: plga, $I.00N.67; 3julk of sales, J3.076.10. Sheep Receipts, none; market nominal. KANSAS CITY. KANSAS CITY. April 2-Cattlc-Ro-cclpts, 1(0; unchanged. Natlvo cows and hclfcrs. J2.(W?-i0; bulls. J2.60tr3.75; calves, J2.75gc.25; natlvo steers, J3.SO05.2G; Western West-ern steers, J3.00ffi.23; Western cows, J2.C0 (Q3.50. Hogs Receipts. 3000: market 5c higher. Bulk of sales, J5.101i5.22; heavy, J-i lG 5.25: packers, J5.10fiC.22; pigs and light, $1.40t?u.35. Sheep Receipts, 600; steady. Muttons, J4.25trc.2o: Iambs, J3.COfl5.S5; range wethers. weth-ers. Jl.5OtT5.00; ewes, J3.23tJ4.75. Grain and Provisions. CHICAGO, April 2. Before trading began be-gan In tho wheat pit news from across iho sea was scant, owing to foreign exchanges ex-changes being closed. About tho only 'figures of any consequence conse-quence were those of Bradstrcct s showing show-ing small world's shipments of wheat and flour. Under the Influence of tho decreased de-creased movement a llrm tone prevailed at the opening. July being up ,9c. at S7iSSc. The markot became still stronger strong-er in sympathy with strength in corn and oats. Shorts who did not care to carry lines over Sunday covered freely. Prices responded to tho dertand and advanced easily, July selling up to Sic Groat preponderance of shipments over receipts of wheat at SU Louis and Kansas City was also a bull factor. Receipts at tlio two points amounted to only 4S.00O bushels and shipments to 363,000 bushels. Toward the latter part of tho session ccntlmcnt temporarily changed to tho bear sldo. A reaction had occurred In coarso grains, which Induced conslderablo soiling of wheat. Private crop reports gavo Indications of a fair vleld, and this information brought out additional Bales. Under this selling July declined to S7o. Tho markot rallied Just before tho close a firm tone lelng manifested. Final figures on July wcro 4c up. at S7S7c May sold between 95c and 90c, closing at 96c. Sentiment In the corn pit was bullish, duo to renewed purchases by a big holder. hold-er. Small receipts and an Improvement In cash demand wcro additional factors. July closed at 53c. a gain of Sc. The feature In tho trading on oats was tho covering by local shorts. July closed c up. at 39c. Provisions wcro strong on an active demand de-mand for all products. The Interest of trading centered In pork, there being heavy buying In that product credited to Eastern traders. The market closed, strong, with July pork up 17c; lard, 2Q Gc higher, and ribs up 2c. RANGE OF THE LEADING FUTURES. Articles. Open. High. Low. Close. Wheat. No. 2 , ,, May V, 9C 93 9C. July (old) .. 9 mi SS S9 Sept (new) S7 SS S. 87 Sept (old) S2 S3 2 3 Corn, No. 2 May 56 57 K 5. July 53 54 53 53 September 62 62 52 62 Oats, No. 2 May 41 42 42 41 14 July 30 40 39 39 September 33 33 S3 33 Mess Pork, per bbl. May 13.20 33.47 33.20 33.20 July 13.40 33.70 13.40 13.52 Lard, per 100 lbs. May 7.02 7.07 7.00 7.02 July 7.20 7.25 7.17 7-20 Short RIba, per 100 lbs. May 6.92 7.00 C.92 6.93 July 7.10 7.10 7.07 7.10 CASH QUOTATIONS. Cash quotations wero as follows: Flour, quiet and steady; winter patents. $4.S0fi 5.00: straights, J-l.5Og4.70; spring patents, Jl.jOtT4.70; straights, J4.COtj4.20; bakers', J3.00ti3.50; No. 2 spring wheat, 95cfiJ1.00; No. 3, SSctlSl.CO; No. 2 red, 96ctjSL02; No. 2 corn, 564JC6c; No. 2 yellow, 50'iTG7c; No. 2 oats, 41SUc; No. 3 white. 42g 44c; good feeding barley, 3Stj40c. fair to cholco malting. 45fi53c; No. 1 flnxgeed. 11.00; No. 1 northwestern, $1.16; prime tlm-othv tlm-othv seed. $1S0; mess pork Cper barrel). J13,iVfil3.37; lard, per 100 pounds, $6.95 6,97; short rib sides (loose), J-6.C2,go.S7; short clear sides (boxed). $7.257. W; whisky, whis-ky, basis of high wines, JL2S; clover, contract con-tract grade, JlO.COtj 10.C0. RECEIPTS AND SHIPMENTS. Articles Recps, Ships. Flour, barrels 56.900 71.500 Wheat, bushels 72.0CO &6.C00 Corn, bushels 293.000 240.400 Oats, bushels 4(3,000 478,100 Ryo, bushels 30.200 13.600 Barley, bushels 331,900 5C.S0O PRODUCE EXCHANGE On tho produce exchnngo today the butter but-ter market was steady, creams, ll?21c; dairies, 12fie0c. Eggs, oaslor, l&ffb&c. Cheese, weak, 9$10c. |