People's Pilot, Volume 4, Number 44, Rensselaer, Jasper County, 27 April 1895 — STRONG AT THE CLOSE [ARTICLE]

STRONG AT THE CLOSE

WHEAT SOMEWHAT HIGHER AT CHICAGO. Heavy tele* of Cash Stuff—Corn Weak, with a Fractional Advance at the Close —Provisions Inactive and Love —Wall Street. * i Chicago, April 24. —The routine newt 3f the session did not settle the wheat , trade to either a bull or bear market. From %c gain at the start prices broke l J 4c for May and lc for July. From this | May rallied %c and July %c. Then an easier market at midday May declined %c, and July lost only %o, holding l%c • premium, whereas the spread at the I dose yesterday was lc. May sold 60%c j to 5934 c, to 60c, to 59%e. July sold 61%c I to 60%c to 6114 c and held 61c. Liverpool iame firm by morning cables, and ater messages quoted futures %d higher. The shipment of nearly 600,000 bu wheat from this port received some at»ention. At the same time withdrawal •rom store was 247,000 bu. Northwestern Dountry elevators reduced stocks 310,000 bu. Against the market were the leavier northwest receipts of 255 cars the light export clearances of 160,H>o bu of wheat and flour. Armour agents reported 250,000 bu cash wheat sold early and another house reported •0,000 bu No. 2 red wheat sold at 60c from Peoria elevator. Beerbohm, in a recent Journal, claimed to have cable advices that the Argentine crop is more han half shipped. Prime was out with [ a bulletin saying the American surplus has gone to live stock and that practically all the wheat in the country is piled up in Chicago houses. An hour before the close there was a spurt of selling, and May sold at the low point Df the day again at 5934 c, and July was >ff to 60%e. On confirmation of sales >f cash wheat by Chicago houses aggregating 600,000 bu or over, wheat got a second strong rally at the close. Last prices were 59%c May, same as yesterday; 6iy 8 @6134c July, 34@%c over yesterday. Corn followed wheat in a slow man »er all day. Receipts were moderate at 170 cars. Estimate for Thursday was leavier at 225. Movement here was 158,000 in and 228,000 out. Movement at all 100 shipments. There was little force or Western markets 243,000 receipts, 355,feature to the trade. May sold 47%e to 17%e at opening, off to 46%c to 4714 c and it 46»4c again. July sold 47%c and 4734 c to 47%c to 4734@47%c. Corn closed on a rally at best point of the day with wheat. Last prices, 47% @47*4c May, 47%@47%c July, 48%c May. Pork broke 15c early and after about half recovery closed heavy at 12%c decline at $12.2214 May and $12.4714 July. Lard was heavy all the time and closed 7VzC lower at $6.8714 and [email protected]% May and July. Ribs lost 5c at $6.25 and $6.40 same months. Quotations were: Articles— High. Low. Close. —— Wheat—No. 2. Ap. 24. Ap. 23. April $ .6014 $ .58% $ .59% $ .59% May 60% .59% -59% .59% July 81% .6014 .6114 .60% September .62 .61% -62 -61% Corn —No. 2. April .47 .46% May 47% .46% .4714 .4714 July 47% .4714 .47% .47% September .48% .47% .48%. -48% Oats—No. 2. April 28% .28 May .28% .28% .28%' .28% June 29% .28% .29% .28% July 28% .28 .2814 -26% September .2614 .26% .26% .26% PorkMay 12.27% 12.20 12.22% 12.35 July 12.57% 12.45 12.47% 12.60 September 12.75 12.67% 12.70 12.82% Lard — \ May 6.90 6.87% 6.87% 6.95 Julv 7.05 7.00 7.00 7.07% September 7.17% 7.15 7.15 7.22% Short Ribs — May 6.25 6.22% 6.25 6.30 July 6.42% 6.37% 6.40 6.45 September 6.60

Chicago Produce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Vegetables—Cabbage, [email protected] per crate; celery 20@40c per doz; carrots, 75@90c per brl; egg plant, 50e@$l per loz; lettuce, 85c@$l per case; onions, Michigan, $1.90@2 per brl; string beans, green, [email protected] per 1-bu box; wax, $3 per brl; squash. [email protected]) per doz; turnips. 18@20c per bu. Butter—Creameries, extra, 20c per lb; firsts, 18%@19%c; seconds, 14@ji>c; third, 10c; dairies, extra, 18c; firs¥&, 14@15c; seconds, 8@10c; imitation Creameries, extra, l'sc; ladles, extra, 12 @l3c; firsts, 9@loc; seconds, 6@7c; packing stock, fresh, 6@7c; grease, 3@sc. Cheese—Young Americas, new, 10c @lo%c; twins, new, 9@loc; Cheddars, 9@9%c; bricks, choice to fine, 11%@12c; Limburger, 11%@12V2c; Swiss, new, 10% @llc. Live Poultry—Turkeys, choice, 12c per lb; fair to good, 10@10%c; roosters, sc; ducks, fair to choice, 10%@llc; geese, s3@s4 per doz. Apples—[email protected] per brl. Potatoes—Hebrons, 62@68c per bu; rose, 60@65e; peerless, 60@65c; Burbanks, 68@70c. Sweet potatoes, Illinois, $2.75 per brl. ■ Eggs—salable at U%,@12y 2 c per doz when cases are returned, 12y 4 @12y 2 c cases Included. Wheat and Corn. Closing prices of wheat and corn at the following named cities were; Wheat—New York—May, 64%c; July, 65%c; September, 66c. St. Louis—May, 61%c; July, 59%c. Duluth—May, 64%c; July, 65%c. Minneapolis—Cash, 63%c; May, 62%c. Baltimore—April, 65c; May, 65c. Toledo—Cash, 63c; May. 63c. Milwaukee—May, 61%c; July, 02c. Detroit —Cash, 62c; May, 62c. Corn—New York—May, 52%c; July, 52%c. St. Louis—May, 45%c;-July, 46%c. Baltimore—April, 51c; May, 51c. Wall Street. New York, April 24. —The market opened strong and active. Near 10:15 a receding tendency was shown. Michigan Central lost % and Sugar, Northwestern, Reading and Missouri Pacific %. The reaction was not checked until 10:30, but after 10:30 there was a decided trend upward and Laclede Gas rallied 1 per cent, Sugar and Burlington % and Long Island. Traction, Chicago Gas and Bay State Gas % per cent. Speculation was less active after 11 o'clock, but for a quarter of an hour prices moved upward. Then came a pressure to sell the grangers, and this group and the general market as well recorded a decline

ranging un to 1% per cent on Louisville & New Albany preferred, the other reactions being merely fractionaL At noon Norfolk & Western preferred rose 114 per cent, Lut the market generally w_3 heavy. Money on call easy at 1%@2 per cent. Prime mercantile paper, 3%@5 p4r cent. Sterling exchange firm, with actual business in bankjrs tills at 489% @489% for demand and 488%@488% for sixty days. Posted rates, 489% and 490@490%. Commercial bills, 487%@487%. Silver certificates, 66%@6734; no sales. Bar silver, 66%. Mexican dollars, 53c. Closing quotations were: Atchison 5% Manhattan 118 Amer. Tobac.. . 99 M issouri Pac.... 26% Baltimore &O. 55*4 Michigan Cent 100*4 Can. Pacific..... 45% Northern Pac C.,8. audQ 7i%:North Pac pfd... 20)4 C. & St.L. 45%;N. Y. Central... 99 Cordage Northwestern... 98 Chicago Gas 72% N. Y.& N. E 39 Chesap’k& 0.... 18% N. American... 5% Del &Hudson... 128 Omaha 35 D. L. & W .159 Omaha pfd Dist Catl Fd C..' 16 Ont. & West’n.. 17% Den &R G pfd.. 42 Pacific Mail 28% Erie 1234 P’’liman 168 East’n Illinois Reading 15 East Tennessee Rock Island 66% Hocking Valley. 26% Richmond Ter Illinois Central, .Silver Cer Jersey Central.. 95 ; Sugar Refinery.. 106% Kan & Tex pfd.. 31% St. Paul 61% Lead 33% St Paul pfd L.,N. A&C 8 Texas &Pa eifle. 10% L. & N 55% j Union Pacfiic... 13% Linseed Oil .... 24 ! Western Union. 889^ Lake Erie & W.. 203^' i Wabash 7% L. E. & W. pfd.. 77%|Wabash pfd.... 16% Lake Shore 141%lWiscon’n Cent..' .... Government bonds stand at the following bid prices: Registered 2s Currency 6s, ’97.105% Registered 4s. ...112 Currency 6s, "98.108% Coupon 4s 112% Currency 6s, ’99.111 Currency 6s, "95.100 Coupon 5s Currency 6s. ’66.102% Regist'd sserl.. ....

Live Stock. Chicago, April 24. —Cattle —Receipts, 9,000; calves, 500. Sales were even slower than on recent days, common to strictly choice native steers, weighing 950 to 1,500 lbs, going for [email protected], with transactions largely at [email protected]. The cow trade was only fair at [email protected], sales being mostly at $2,50@4. Bulls were unchanged, and veal calves were in the usual demand at $2.50@5 per 100 lbs. Texas cattle attracted their share of attention, sales being mostly at $3.25 @4.55 for steers weighing from 830 to 1,140 lbs.v j Hogs—Receipts, 28,000. For heavy hogs the ruling prices were [email protected], the bulk fetching [email protected], while lightweights sold at an extreme range of“ [email protected], largely at [email protected]. Early in the day there yas a sale of some choice heavy hogs at $5. Sheep—Receipts, 16,000. Sales were fairly large after buyers got to work, prices ranging from $1.62%@2.75 for very ordinary lots up to [email protected] for good to choice sheep. The offerings embraced a good proportion of choice grades and sales were largely of that class, fancy sheep being worth $4.75@5, but there were hardly any of that kind. Lambs were numerous and averaged 10c per 100 lbs lower, sales ranging at $3.50@ 5.76, according to quality.

Liverpool. Liverpool. April 24.—Wheat—Spot No. 2 red winter, 5s %d. No. 2 red"spring, 5s 4%d; No. 1 hard Manitoba. 5s 4%d; No. 1 California, 5s Id, Futures April, 5s %d; May, 5s %d; June, 5s %d; July, 5s Id; August, 5s l%d; September, 5s 2d. Corn—Spot American mixed, new, 4s 2d. Futures, April, 4s 3%d; May, 4s 4d; June, 4s 4d; July, 4s 4%d; August, 4s 4%d; September. 4s 5%d. Flour —St. Louis fancy winter, ss. Peoria. Peoria, April 24. —Corn —No. 2,46 c; No. 3, 45%e. Oats—No. 2 white, 31c; No. 3 white, 30%c. Rye—No. 2, 58@60c. Whisky—High proof spirits, $1.21; finished goods, $1.20. Receipts—Wheat, 2.400 bu; corn, 42,200 bu; oats 1 , 58,300 bu; rye,.none; barley, 5,600 bu. Shipments— Wheat, 1,200 bu; corn, 13,000 bu; oats, 103.400 bu; rye, none; barley 2,800 bu. New York. New York, April 24.—Butter —Receipts, 4,260 pkgs; western dairy, 8@ 13%c; western creamery, 12@20c; Elgin, 20c. Eggs—Receipts, 14,514 pkgs; western, 1334 c. Coffee —Nominal. Toledo. Toledo, Ohio, April 24. —Wheat — Cash, May, 63c asked; July and August, 61%@ 63c; soft, 62c bid. Corn —Cash, May, 47%c. Oats —Cash, 31c nominal.