People's Pilot, Volume 4, Number 38, Rensselaer, Jasper County, 9 March 1895 — WITH THE TRADERS. [ARTICLE]

WITH THE TRADERS.

after an early weakness WHEAT CLOSES STEADY. Good Demand for Shipment —Corn Trri Dull, Without Material Change in Price- —Active Trade in Provisions — In Wall Street. Chicago, March 7.—There was good action in wheat again this morning. Little attention was given to the easier public cables, English and continental, because they were regarded as the reflection of the Wednesday market here. ■The Price Current summary contained the old argument that supplies of wheat in this country will show 50,000,090 bu less than a year ago. On the early buying the May price got up from 53%c at the opening to 54%@54%c. Then northwestern wheat receipts showed 381 cars, against 345 last year. Primary markets had 344,000 bu, although Minneapolis and Duluth had 288,000 bu out of the total. Export clearances were very disappointing to the bulls with only 59,000 bu wheat and 9,000 bbls of flour out of the four Atlantic ports. New Orleans added 10,000 bu wheat, and the total from the five ports reached only 109,000 bu. Before midday a batch of Paris cables came through the big houses announcing a decline of *4 franc in wheat and weather improving. At the same hour there was a rumor on the floor that an investigation of the stocks of wheat in Chicago public houses was about to be made. Altogether the trade weakened and the May price dropped from around 54c to 53%@53%c. From tills there was but I fe rally up to the last hour. Durir cl ist hour wheat sold at the low r of .lie day for May at 53%e ar '<, 1 . very to 53%c at the close. ; Of :i cash sales of wheat 2,000,00:- ,a « to. 2 red wheat gave the streng. • . _ tie close.

As for many days previous there was but little trade in corn. The May price ranged but %c for the session up to 1 o'clock. May opened 44%c, firmed to 44%c, when wheat sold over_s4c, then went off to 43%e, with slight rally to 44%c later. Receipts here were 154 cars, and for tomorrow 204 cars. Primary markets showed only 201,000 bu corn receipts, with shipments 122,000 bu. Atlantic ports cleared but little corn, while New cleared 51,000 bu. Cables were easier. The market closed without activity or feature of any kind at 44%c for May. There was some stir in provisions again. Pork started 5c higher and made a gain at best point of nearly 30c ovei last night. May pork sold $10.67% to $10.85, to $10.75, to $10.90, and closed $10.85, about 25c higher. May lard sold $6.57% and $6.62%, closing at the top; ribs, $5.47% to $5.60, closing at the top. Quotations were: Articles — High. Low. —Close.— Wheat—No. 2. Mar. 7. Mar. 6 March $ .52 $ .51% $ .51% $ .51% May 5414’ .53% .53% .53% July 5j% *54% .opg .64% Corn—No. 2. March 42% .42% May 44% .44% .44% .44% July 44% .44% .41 s -44% Sept 44 ‘/ S .44% .44% .44% Oats—No. 2. March 28 .28 May 29 .28% .29 .29 June 28% .28% .28% .28% July 27% .27% .27% .27% Pork— May 10.90 10.67% 10.85 10.62% July .... 10.80* Lard— May ....... 6.62% 6.53 6.62% 6.55 July 6.72% 6.70 6.7213 6.67% Short Ribs— May 5.60 5.47% 5.60 6.42% July 5.70 5.60 5.70 5.57%,

Wall Street. New York, March 7.—The stock market opened firm. Sugar was th<; leader of the market in point of activity and was bought in round lots, with the result of making an additional gain of %• From 10:45 to 11 o’clock speculation was heavy and a loss of %<§>% was effected, the latter in New Jersey Central, and % in sugar and distilling. The market continued weak The new United States 4s sold at 119 for $25,000 worth, and are offered at that figure. Toward noon sugar was sold sharply and broke 1% per cent to 91%, but the general market was held steadily. Money on call nominally 2 per cent Prime morchantile paper 3%@5 pei cent. Sterling exchange dull and a trifle easier, with actual business in bankers’ bills at 489@489i,4 for demand j and at 487%@457% for sixty days; posted rates, 458@488% and 489%® 19:.; commercial bills, 456%@487. Silver certificates, 60% bid; no sales. Bar silver. 60%. Mexican dollars, 48%. Government bonds easier. Closing quotations were: Atchison 3% Manhattan J(i7% Amer. Tobae.... 92 Missouri Pnc.... 20 . Baltimore &O. 53 Michigan Cent .... Can. Pacific 38% : Nor them Pro.. .... C., B. andQ 70% North Pac pfd... 13jj C. &St. L.. 30 N. Y. Central... 95 Cordage 5% Northwestern... 88% Chicago Gas 71%iN. Y.& N. E 29% Chesap’k&O.... 16%,N. American... 8% Del & Hudson Omaha D. L. & W 158%'Omaha pfd Di-st Catl Fd C.. 12>LOnt. & West’n.. 10 1 Den & It G pfd Pacific Mail 22% Erie 8% Puiinran ’. East’n Illinois Beading 7 s ; East Tennessee Rock Island 62 C | Hocking Valley. 19% Richmond Ter j Illinois Central Silver Cer J ersey Central.. 80 Sugar Refinery.. 95% Kan & Tex pfd.. 22 St. Paul 55 Lead 30% St Paul pfd 1 L., N. A & C... .. G% Texas & Pacific.. 8% L. <fc N.. 48% Union Pacific Linseed Oil 19% Western UnioD. 86% Lake Erie & W Wabash .... L. E. & W. pfd.. 70% Wabash pfd..... .... Lake Shore 136 Wiscon’n Cent