People's Pilot, Volume 4, Number 37, Rensselaer, Jasper County, 2 March 1895 — WHEAT AGAIN EASIER [ARTICLE]

WHEAT AGAIN EASIER

EUROPEAN ADVICES TO CHIj CAOO ARE CONFLICTING. French Cables Show a Drop In Price for the Month —Not Much Change in Corn Conditions Provisions Higher The Wall Street Market. Chicago, Feb. 28. —The Price Current weekly wheat message was bullish. It said wheat crop at the trying: period and condition averaged lower; reports on reserves also almost uniformly say very low. From New York the trade had a batch of dispatches saying most of the Argentine wheat shriveled and poor quality. Also cholera in two provinces of Argentine. Export clearances for the day were better than of late, reaching 350,000 bu wheat and flour. Northwest markets had heavy receipts of 329 cars but this appears to be expected and to be discounted by the heavier milling op- | erations. Of the 291,000 bu wheat at pri- | mary points, Minneapolis and Duluth ' had 245,000, leaving only 46,000 for all other western markets. When the French cables showed the Paris February squeeze at an end and a drop of 10 to 40 in wheat and 1% francs in flour for the month, Liverpool wheat %@%d lower in sympathy, there was a sudden weakening in this market. The May price, which started on a dip at 53;“c and got early bulge to 54%c, sold back to 53%c held a while at 54c bid and broke on the late cables to 53%@53%c. , Wheat was inactive and heavy the last half hour. The sensational bulge of 3 francs in February 'flour at Paris by the official closing cable had little effect, as it was only a last day flurry. Export sales were reported 14 loads New York and 5 Baltimore, the latter to France. The May closed 53%c, %c under best price early, %@%c under last night. In corn there was no change of conditions. Receipts here were 247 cars. The estimate for Friday is heavy at 360 cars. The movement here yesterday was 184,000 bu receipts and 28,000 shipments. All western markets showed 368,000 bu received, against 676,000 a year ago, and 115,000 shipped. Exports for the day were quite liberal at 215,000 bu from four ports. May opened 45%c, went to 45%@45%c and back to 44%@44%c after midday. Corn closed at low paint at 44%@44%c’ May, %c under last night. Packing for four months was given by Price Current at 7,100,0000 hogs’ against 4,885,000 a yearago. May pork advanced to $10.35 and closed $10.25, 10c higher. Lard was advanced to $6.50 and _closed $0.47%, 5c up. Ribs touched $5.30 and closed $5.27%, 5c up. Quotations were: Articles— High. Low. Close.—' Wheat—No. 2. Feb-.28.Feb.27 Feb. ......:$ .52 $ .51% $ .51% $ .51% May 54% .53% .53% .54 July 55% .51% .54% .55 Corn—No. 2. Feb 42% .43% May 54% .44% .44% .43% July .45 .44% .44% .44% Sept. 45 .44% .44% .45 Oats—No. 2. Feb 28% .28% May 29% .29% .29% .29% June 29% .28% .29 .29% July 28 .27% .27% .27% Pork— Feb 10.05 9.95 May 10.35 10.35 10.25 10.15 Lard — Feb. 6.35 6.27% May 6.50 6.42% 6.47% 6.42% Short Ribs— Feb .... 5.07% 5.02% May 5.30 5.22% 5.27% 5.22%

Wall Streft. New York, Feb. 28. —The stock market opened moderately active but heavy. Sugar was taken in hand directly after 10:15 and marked up 1 per cent to 92%. The advance in this stock exerted a favorable influence on the rest of the list. There was a renewal of the selling pressure after 10:30 and at 11 o’clock there was a_ persistent drive against New York Central and Louisville & Nashville. The current prices of these stocks were 96*4 anti 49% respectively. Material losses were also made in the rest of the market. The market at 12 o’clock was heaVy a.t the lowest prices of the morning. Money on ctill nominally 1% per cent. Prime mercantile paper, 3%<g>4y>. Sterling exchange firmer, with actual business in bankers’ bills at 458%@489 for demand and at 487%@487y 2 for sixty days; posted rates, 488 and 489% and 490. Silver certificates, 60%; no sales. Bar silver, 60%. Mexican dollars, 48y 2 c.‘ Government bonds steady. Closing Quotations were: Atchison 4 j Manhattan lut% Arner. Tobac.... 90;%: Missouri Pac.... 19% Baltimore &O. 57 j Michigan Cent Can. Pacific 43%)Northern Pac C.,8. andQ 69%|North Pac pfd... is%. C. &St. L.. 36?i'iN. Y. Central... 90% Cordage 4%,Northwestern... 87% Chicago Gas 71 iN. Y.& N. E 30% Chesap’k & 0.... 16 |N. American Del & Hudson... 126 jOmaha D. L. & W l»B%iOmaha pfd Dist Catl Fd C.. ll%jOnt. & West’ll.. 15% Den & R G pfd Pacific Mail 22 Erie 8% Pullman 154 East’n Illinois Reading <l% East Tennessee Rock 151 and..... 61% Hocking Valley. 18% Richmond 'L’er Illinois Central Silver Cer Jersey Central.. 83% Sugar Refinery.. 91% Kan & Tex pfd.. .... St. Paul 55% Dead 26% St Paul pfd L.,N. A&C Texas & Pacific.. .... E. & N 48% Union Pacific.... 8% Linseed Oil 19% Western UnioD. 87% Lake Erie & W Wabash-. L. E. & W. pfd Wabash pfd 12% Lake Shore 135% Wiscon’n Cent.. Government bonds stand at the following bid prices; Registered 25.... 95 Currency 65,’97.105% Registered 45....11l Currency 6s, ’98.108% Coupon 4s 112% Currency 6s. ’90.110% Currency 6s, ’95.100 Coupon 5s ...... 115% Currency 6s, ’96.102% Regist’d 5s ex 1..115