Jasper County Democrat, Volume 6, Number 44, Rensselaer, Jasper County, 6 February 1904 — THE MARKET REPORT [ARTICLE]

THE MARKET REPORT

Orest Operations In Grain Send the Prleus Upward—May Wheat Is Boosted 2 Cents. Chicago, Feb. 4. There was another speculative cyclone in the grain pits on ’change at opening today. The twist which was given to wheat landed the May price nearly 2 cents higher on first trades. Almost as great a whirl occurred In corn, where the May price was lifted lVi cents. May oats bad sudden advance of 1 cent. A somewhat steadier tone then developed, while trading became comparatively quiet. As the day advanced prices gradually settled under a heavy load of liquidation. A resumption of activity occurred late in the day on fresh rumors of war. Some of the early short sellers endeavored to buy tbelr wheat back, but offerings were small. Prices again started upward, and had nearly regained the high prices at the close. As before, the great force was not due to fresh news of natural influences. The speculative situation is congested—enormous lines held by bijf people and the efforts of previous short sellers to get out keep shooting prices high. The almost complete lack of moisture is the feature of the weather map this morning. There is a trace of suow at Chicitgo and a few traces in the Ohio valley. There is absolutely no precipitation in the southwest, where it is so much needed. The temperatures are low. Northwest wheat receipts were 237 cars, against 345 same day last year. Local grain receipts were 20 cars of wheat, 240 corn, 70 onts.

Chicago Grain. Chicago. Feb. 4. Following were the quotations on the Board of Trade today: Wheat— Open. High. Low. Close. May 8 .95% 8 .95% $ -9* 8 95% July .85% .85% .84% .85% September ... .81 -81 .79% .80% May™” 56% -56% .55 .56 July 52 .52 .50% .51%, September ... .50% .50% .50 . 50% July 39% .40 .39% .39% September ... .38% .38% .38% .38% July 780 7.80 7.62% 7.67% Shtort Ribs — May 6.87% 6.90 6.80 6.82% July 7.00 7.02% 6.95 6.95 Chicago Lift Stock. Hogs—Estimated receipts for the day 29.000; sales ranged at $4.0004.45 for pigs. $4.4004.90 for light. $4.7004.80 for rough packing. $4.7006.05 for mixed, and $4.8505.10 for heavy packing and ■hipping lots, with the bulk of the trading at 84.75W4.95 for fair to good averages. *, Cattle—Estimated receipts for the day. 8,000: quotations ranged at $5,200 5.75 choice t oextra steers, 84.60W5.20 good to choice do., 84.15W4.60 fair to good do.. 83.40W4.10 common to medium do.. 83.70W5.35 fed western steers, 82.150 4.20 Stockers and feeders, 81.2664.46 cows. 82.60W4.60 heifers. 82.2504.25 hulls and oxen. 83.50W4.25 stags, 83.0004.46 Texas steers, and 84.00W6.75 veal calves. Sheep and Lambs—Estimated receipts for the day. 15,000; quotations ranged at 82.40W4.30 westerns. 82.4004.50 natives. 54.25W6.50 yearlings, 83.5006.00 western lambs, and 83.25W6.90 native lambs. East Bnflhlo Lin Stock.

. East Buffalo. N. Y., Feb. 4. Dunning & Stevens. Live Stock Commission Merchants. East Buffalo, N. Y., quote an follows: Cattle—Receipts. 3 cars: market steady. Hogs— Receipts, 26 care; market steady; mixed and mediums and heavy. |6.20#6.28; Yorkers. 65.20; pigs. 66.15. Sheep and Lambs— Receipts. SO cart; market alow; best westerns. 66 00©6.25; best natives, 66.40# 6.60: fair to good, $6.00#fi,26: culls and common. 66.25©5.50; mixed sheep. 64 25# 4.60; fair to good. 63.75#4.00; culls ana bucks 62."5®3.00; wethers and yearlings. 65.26#5.50: ewes. $4.60#4.26. Calves—Best. 67.60#8.M: fair to good, 66.00#7.00. at. Uak Grata. St Louis. Feb. 4. Wheat —Higher; No. 2 red cash eleva«WsJ»kS£ Corn-Higher: No. 2 cash. 45*c; track,