People's Pilot, Volume 4, Number 40, Rensselaer, Jasper County, 23 March 1895 — HAS GOOD SUPPORT [ARTICLE]

HAS GOOD SUPPORT

WHEAT CLOSES WITH ONLY A FRACTIONAL DROP. Almost All the News of the Day I* Bearish —Corn Has a Further Bulge— Packers Buy Prorisions —Wall Street Prices. Chicago, March 20.—Wheat surprised the bears this morning by the support which it received. Not wnly was the decline of yesterday checked, but the • early buying was sufficient to give the market a fair rally in the face of decidedly bearish news. Continental markets showed a little gain early and a little additional advance by later - private cables. Northwest cars were under last year at 281 against 306. Primary markets, however, showed 315,000 where receipts were 280,000 a year ago. The May price started at 56@56%c and touched 56%@56%c. The government bureau was out with additional figures on wheat production of the world f‘T 1894, making a very bearish exhibit. Total world’s wheat crop last year, 2,599,000,000 bu compared with 2,42G,000.000 lu in 1893. Export clearances were light at 253,000 wheat and flour four ports. The early buying did not continue. Later, liquidation, like that of previous days was noticeable. From 56%@56%c the May price went back to 55%c, %c ■ nder last night. There was no rally in wheat, with the Mose for May at 55%@55%c. New York reported 20 boat loads wheat sold for export. Sales of 92,000 bu No. 2 red wheat reported here. Following the strong and higher opening in corn there Was a quick bulge of %c, This was said to be due to a report that 100,000 cash corn was taken at St. Louis for prompt shipment. May price started 47%c, the top point reached yesterday, and went to 47%c. The realizing salts and the easier wheat market after the first hour put the prices back to 47%c. Local reports were very light at 89 cars. The estimate for tomorrow was more liberal at 160 cars. Liverpool quoted spot corn %d higher. Western markets showed 245,000 bu receipts compared with 628,000 a year ago. ■ May corn sold at 47c and closed 47%c, Ju!v ■ nJ September 46%c bid. lion in provisions was much like that < f yesterday. May pork sold off to $11.55 and up to $11.72%, closing $11.67%, July, $11.37%. Lard closed $6.75 for May, unchanged. May ribs sold [email protected]% and closed $5.77%. Roloson led the selling of ribs and pork and Armour brokers bid prices up at the close. Quotations were: Wheat—No. 2. Mar.2o. Mar 19. Articles— High. Low. Close.— - larch $ .54% $ .54 $ .54 $ .54% Mays 6% .55% .55% .55% July 7% .56% .56% .56% Septs7% -57% .57% ‘.57% Corn—No. 2. March4s% .45% May 47 .47. -47% .47% July 47% .46% .46% .46% Sept 47% .46% .46% .47 Gats —No. 2. March2B% May 29% .29% .29% .29% June .29’5 .29% .29% .29% July2B% .28% .28% .28% ForkMay 11.70 11.55 11.67% 11.70 July 11.90 11.75 1 1.87% 11.82’', LtrdMay 6.75 6.72% 675 6.75 July 6.90 6.85 6.87% 6.87% Sept 7.00 7.00 " Short Ribs— May 5.77% 5.70 5 7714 5.75 July 5.92% 5.87% 5.92% 5.90 Sept 6.05 6.110 ~ 6.05 ~ 6.05

Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat —New York—March, 60%c; May. 60-« e; July. 61c. St. Louis— March. 54%cj. May. 54%c. Duluth— C-’.sh, GGSgc: May. 61’?o. Minneapolis— Cash, 59%c; May. 5S%c. Baltimore— March, GO'bjc; May, 61 %c. Toledo—Cash, 57%e: May, 57%c. Milwaukee —Cash, 56%c; July, 57’4c. Detroit—Cash, 57? c; May, 57'hC. Corn —New York—May, 51%c; July, f-'l'ic. St. Louis—March, 43c; May, 44’io. Baltimore —March, 5014 c; May, 50’ic.. Wall Street New York, March 20. —The stock market opened active and generally higher. Some few shares were a shade easier, notably Sugar. Chicago Gas and New York Central. The trend of prices continued upward to 11 o’clock and the dealings were large. The market continued to move upward after 11 o’clock. A bear raid on Sugar forced that stock down 11.,I 1 ., and soon after the general list gave way %@1 per cent, the latter in Canadian Pacific. After 11:45 the speculation was in better tone and at 12 o’clock General Electric reacted %, St. Paul V* ami the other grangers a smaller fraction, but the market generally was steady. Money on call fairly active at 2@3 per cent. Prime mercantile paper, Sterling exchange dull and steady, with actual business in bankers’ bills at 489% ia489% f° r demand and at 487%@488 for sixty- days. Posted rates, 488%@490. Commercial bills, 487. Silver certificates, 64; sales, 5,000. Bar silver, 63%. Mexican dollars, 50; Government bonds strong. Closing quotations were: Atchison 4% Manhattanloß% Amer. Tobac.... 93%! Missouri Pac.... 21% Baltimore &O. 53%iMichigan Cent ./. Can. Pacific 37% Northern Pac C., B. and Q 72% North Pac pfd... 16 ’ C. & St. L.. 38% N. Y. Central... 95% Cordage 5 'Northwestern... 91% Chicago Ga 5..... 70% N. Y.& N. E 34% Chesap’k&O.... 17%4N. American... 4% Del & Hudson.. .128 'Omaha 31% D. L. & W 161% Omaha pfd Dist Catl Pd C.. 13% Out. & West’ll.. 16% Den R G i>fd.. 36 Pacific Mail -1% Erie 9%!Pniiinan 58 East’n Illinois.. 91 -Reading 1 % DastTennesseeißock Island 63% Hocking Valley. 24 (Richmond Ter Illinois Central(Silver Cer 64 Jersey Central.. 92% Sugar Refinery.. 97% Kan & Tex pfd.. 25% St. Paul ;.6% . L., N. A&C 7 % Texas & Pacific.. 9% L. & N 50% Union Pacific.... S’.,' IJuseed Oil Western Union. 87% Lnke Erie & W„ 17% Wabash 6%, I* E. A' W. pfd.. 73 Wabash pfd 13% Lhke Shorel37 Wiscon’n Cent.. . Chicago Produce Market. The following quotations are fo> large lot* only; small quantities are t dually sold nt advanced prices: Vegetables—Cabbage. 1;.75©3 per crate; palery. lu«?25«- per dox; enrol*. bhrl: egg plant. AOyfrll f>»r b Efi- ur cur etiMia.

red. Jl.Oehj per brl; yellow, $1.50@2; ■tr;ag i ai:.-, green, [email protected] per 1-bu box: wax. 3-: per brl; squash, [email protected] ■ per doz; t.iroips, 18020 c per bu. Butt-r Creameries, extra, 19c per lb; first iMi second. 14@H>c; third, 10® 12c, dairies, extra, 17c; first, 14@ 15c; second. s@loc; Imitation creameries, extra, 15c; ladles, extra, 12@13c; first, 9@loc; second, 6@7c; packing stock, fresh, 6@7c; grease, 3@sc. Dressed Poultry—Turkeys, choice, 12@12%c per lb; fair to good, 10%@llc; chickens, old hens, 9@9%c; springs, 10@10%c; roosters, 6@6%c; ducks, fair to choice, ll@12c; geese, B%@9c. Apples—sl.7so4.oo per brl. Potatoes —Hebrons, 65@68c per bu; rose, 60@64c; peerless, 60@64c; Burbanks, 68@70c. Sweet potatoes, Illinois, [email protected] per brl. Eggs—Saleable at 10c per doz when cases are returned, 10%c cases included. Live Stock. Chicago, March 20. —Cattle —Receipts, 9,000; sales, 500. Today’s market was a “hummer.” The average gain in the dressed beef and shipping sorts was 15 @2oc, and in other descriptions 10@15c. It w r as a very uninviting bunch of steers that could not be turned over at better than $4.75. There were any number of sales around $6, and it is more than likely that a fancy article in the heavy-weight class w’ould have crowded $6.50. Hogs—Receipts, 33.000. There was one trade at $4.80, and one or two at $4.75, but to all intents and purposes $4.70 was the top of the market. Most of the 200 to 400 lb hogs changed hands at [email protected], and [email protected] took nearly all the lighter weights. Everything was sold. Sheep—Receipts, 8,000. Sheep of choice to extra quality were quoted at $1.50'1? 5, and lambs sold as high as $5.75. There were sales of culls at [email protected]. The bulk of the trading was at [email protected] for sheep and at [email protected] for lambs. Liverpool. Liverpool, March 20. —Wheat —Spot. No. 2 red winter, 4s 9d; No. 2 red spring. 5s 3d; No. 1 hard Manitoba, 5s 3d: No. 1 California, 5s Id; futures, March. 4s 9d; April, 4s 9%d; May. 4s 9%d; June, 4s 9%d; July, 4s lOd; August, 4s 10%d. Corn —Spot, American mixed, new, 4", %d; futures, March, 4s 3d; April, 4.n 3%d; May, 4s 3%d; June. 4s 3’4d: J’’’ 4s 3%d: August. 4s 3%d, Flour —St. Louis fancy winter, 6s. P orla. Peoria, Til., March 20.—Corn —No. 2. 44%c; No. 3,44 c. Oats —No. 2 white. 31*/@3l%c; No. 3 white, 31@31%c. Rye— Choice No. 2. 54c. Whisky—Finished goods, $1.25. Receipts—Wheat, 1,200 bu; corn, 31,200 bu; oats, 52,800 bu; barley. 4,900 bu. Shipments—Wheat, 1,800 corn, 8,400 bu; oats, 67,100 bu; barley, 6,300 bu. New York. New York, March 20.—Rutter—Receipts, 5,700 pkgs; western dairy, 8®» 13c; western creamery, ll@20c; Elgins, 19%@20c. Eggs—Receipts, 10,298 pkgs; western, 12%c. Coffee —Quiet; No. 7, 16%c. Toledo. Toledo. Ohio, March 20. —Wheat —Cash and March, 57%c; May and July, 57 bid; August, 57%c; No. 3 soft, 56%c. Corn—Cash, 46%c; May, 47%c. Oats — Cash, 32c.