People's Pilot, Volume 4, Number 33, Rensselaer, Jasper County, 2 February 1895 — BEARS RULE THE PITS [ARTICLE]

BEARS RULE THE PITS

LOWER RANGE OF PRICES AT CHICAGO. Grain and Hog Products Both Decline — The Break Not Very Serious —Corn and Oats Dragged Down by Wheat Wall S'treet Market Strong. Chicago, Jan. 31.—Thera was consid arable hesitation about the wheatrfrade most of the day. A leading trader said that everything mult go down until the stuff moves out if it takes wheat to 40c. Not only are cash sales unimportant at the lower range of prices, but export clearances are so moderate as to be no Leip. To-day wheat from five port-, 720,1(0 Lu; wheat and tior.r total. 276,0'4) The Price Current said that everybody knows that the snows have helped the winter erop condition in sections and that wheat feeding is decreasing because of cheaper corn. Liverpool quoted d higher by public and private messages; the light cars in the northwest. 153 against 223 same day last year: the lightest primary receipts of the season. 13 8 <M) lu against 273x0) a year ago, and in addition the liberal shipments east of 31,000 bu wheat and 27,0u0 tris flour from same Western points. In a general way the May pries held around 53c, with shorts covering and some good buying at that figure and below and a disposition to sell at and around 53'jC. The market started with sales from 53%e to 53’,c. and there was an early dip to ;>2%c then to 63%e to t3c to £>s~, 53;' n c to 53c and held 53%c. at midday. Where the trade got n > export sales of wheat at the seaboard and uo fresh buying near the close there was enough realizing by those who bought wheat for an upturn to leave the market lint at 52%@53c at the last This was %,e loss for the day. There was a break of %c in corn early. When the market recoveie.l about %c from the low point there was little action alter. The May price Leld close around the put price all day. Muy started -tie and 43%c, and went otf to 43% u 4 :%e. with rally to 43%(a48%c, and hold around 43%(§l 43%c after midday. Receipts were light at 168 < ars. The estimate for to-mor-row was more liberal at 175 curs. Primary markets had the very light movement of 108,000 bu compared with 431,000 a year ago. Local shipments were fair at 73,000 bu out of 113.000 received Wednesday. But the rates to the east will be restored Monday, and this will probably work against the market. Corn became heavy at the close, with May price off to 43% c. This is %c loss for the day Provision traders bad a narrow market most of the day. May pork cold at $lO.lO, lard at $6.60, ribs at $5.27’... being 5(012%c over last night These were be»t prices. May pork broke down to $3.85 and closed $9.90. Lard sold off 10c to $6.50, closing the third day’ at $6 52;.;. Ribs weakened to $5 15 and closed at low mark. Quotations were:

Wall Street. New York. Jan 31—The market openec. [ quiet hut higher, and ••ontiur.e i strong up V to 11 o’clock on a light volume of busine-s. Advances weio recorded of F: ; in 1 ullinan and hi the general list. Specu'atiou continued 7tr«*i>g after 11 offices,‘but tn, trading was v«ty light. About 11:45 the market t'.ofc tin easier tone on'small realiz ipg. but befira noon the upward movement vyas re-tuned. Mwpey on call easy at 1/(52 percent, mercantile piper 3ct6 per cent. Sterling exchange quiet and a shade ea-ier tyith actual business in bankers’ bills at 489 1 4 i489 :i H for demand and at 488'4 for sixty days: posted rates. 459'.u45 , Jt-’ and 490 <> 490'... Commercial bills, 4b7t 4 .jt48;;3. Silver certificates 60 bid; no sal.s. Bar silver, 60. M •-■iiccn dollars, 48t.,c. Government bonds about steady. Closing quotation- were: Atchison 4\ Manhattan 10SJ 4 Amar.*l'obac.... ‘Jff Missouri Pac.... 21 Baltimore &U. 61% Michigan Ceut .... Can. Pacific 52>. 2 Northern Pae C.. B. andy 7l \ North Pac pfd... 16 C..C..C.&8t.L.. 38'jN. Y. Central... 99% Cordage.. 5 Northwestern... 96 Chicago Gau 74 N. Y.& N. E 30% Chesnp’k&O.... 16?; N. American . Bel & Hudson... 129’.. Omaha 32 L' B. L. & \V 15' ,: 4 Oiuahn pfd Bist Call Fd C.. ') Ont. &West’n.. 16 Ben &R G ufd. 34 Pacific Mail 20J..' Erie It) jpulinmu 156 ” Easfn Illinois Reading y East Tennessee.. ...,Boek island 63!.< Hocking Valley. '.B ‘Richmond Ter .’ Illinois Central (Silver Cer •" Jersey Central.. 88- 4 Sugar Refinery.. 90-V Kan & Tex pfd.. 22 St. Paul 551' Bead 32 iSt Paul pfd IRC,-, L., N. A& U 'Texas £ Pacific.. 8! 4 L. <St N 51 ! 4 Union Pacific.... 9% Linseed Oil. Ll;’/Western Union. 861/ Lake Erie & W Wabash 5 L. E. & W. pfd.. 69 (Wabash pfd 13% Government bonds stand at the following bid prices: Registered 25... 97 Currency 65,’97.105% Registered 45.... 112 Currency 6s, '98.108 Coupon 4s 11.2 Currency 65.'99.111 < urrency 6s, ’95. lot) Coupon 5s lir,% Currency 6s, ’96.102'/ Regisc'd ss<x 1..114C Chicago Produce .Market. Chicago. Jan 31.—Bitter—Du I. Ex .tri creamery. 23c per lb; firsts, 21 (. 22c: seconds, 17.,<'..ic': dairy, firsts. 15 iz, 17c seconds. 1.0 c 12c: packing stock, Be. Ctir.ESE--Hteady. Full cream che.hlar new, 9«9%c per lb; twins, new, 'J! 2 .<i l'-c: Young America, new, ll)d>li’.<<•: Swiss, new. Hl*.’•<« 11-/e: brick, (jc Limbiirger, new. S'j.ulOc. DhEssro 1 oci try—Turkeys, fair t< choice B<x9c chickens, fair to good, 7j (a.B;4'c; ducks, Lite; geese, poor to choice per lb, 6yt9c Egg.—Active. Firsts, full loss off. ense. r->*tifne<l. quotable r.t 23c por doz: ci<s«?s imhide-l. recand'.ed, 2Aa24c. I'ota7;,. l’-.:m Ro-e, i>er i-j, C 3 ?

58c: Burbanks. Wisconsin, Hebrons. 56 60c per bu. Appt.es—Eastern stock salable from $2.00 •H 3 .50 per brl; w estern. $2.00(a3.25, Canada, $2.75'6 3 75. Vegetables—Beets. 60@75c per brl; cucumbers, home grown, 81.00(3150 per doz; celery, 15(325c per doz; lettuce, home grown. 90ca$1.00 per case of 4 doz; onions, yellow and red, $1 [email protected] per brl; sweet potatoes, $1.50(32.00 per brl.

Live Stock. Chicago, Jan. 31.—Cattle - Receipts, 11.500; calves. 3'JJ. To-day's offerings were closely bought up on a basis of ?3.00(a5.65 for very common to strictly piime steers, •81 50(33.75 for poor to extra < ows, heifers and bulls and $2 00(33.75 for stockers and fetders. C hoice heavy native steers sold from strong to 10c higher than Weduesd: y Hogs—Receipts. 33,000. The choicest of the heavy hogs were taken at $4.30. and there were a few sales of prime assorted light at s4.o'. The major part of the 45,000 bogs offered, however, went out of sol’ers' hands at for light and at •’4.(M(</4.20 for averages of over 2.0 lbs. The close was firm. Sheep—Receipts, 12,0'0. There was a good demand at $2.t0(<i4.00 for poor to choice sheep and at $3.f.0(<i4.75 for pool - to choice iambs. An exporter paid $4.25 for a bunch of fancy tbeep and there weie a few sides of lambs at Culls were quoted at (1.75 <62.25. Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat—New York March. 57 %c; May, 58%c. St.Louis—January, 49%c; May. 51c. Duluth Cash, 55%c: May, 57%v. Minneapolis—Cash, 55%c; Maj’, flqc, Baltimore - January, 56' ; c; May. 58%c. Toledo—Cash, 52%c; May. 54c. Milwaukee—Cash, 50% c; ilay, 53%e. Detroit—Cash, 53c; May. 4%c. Cohn—New York January, 47%c; May. 47%c. St. Louis—January, 38'40; 'lay, - , 4'Jc. Baltimore—January, 45J.,'c; February, 45,% c.

Liverpool. Livhhpool. Jan. 31.—Wheat—Spot, No 2 red H inter. 4s sd; No. 2 red Spring, ■s 2d: No. 1 hard Manitoba, 5s I'fd; No. 1 California, ss; futures, February, 4s 4d: March, 4s sd: April. 4s 6d; May, 4s 6,'ld: June, 4s 7d: July. 4s 7%d. Cohn—Spot, American mixed, 4s %'d: futures. February 3s ll%d; March. 3s ll%d. May, 4s; June, 4s. Fnoi 11—St. Louis fancy winter, 5s 61. J’eona. Phobia. 111., Jan. 3L.-Cohn—No. 2,40%'c; No. 3,40%c. Oats- No. 2 white, 3J U3o%c; No. 3 white, 2t)>4 ?£o%c. Rye—Nominal. Whisky Highwine .basis of 1.22. Receipts Wheat, 1.800 bu; corn. 23.400 bu; oats, 35.200 bu; rye, 600; barley, 14,700 bu. Shipments—Corn, 9,luObu; oats, 22,000; barley, 4,900 bu. New York. New York, Jan. 31.—-Butter-—Receipts, •.058 pkgs; western dairy, 10,015 c: • estern creamery. Elgins, 24c. .nos— Receipts, 1,930 pkgs; western, ;(>%@27c; southern, 25,026?. Coeeee— No. 7, 16%c.