People's Pilot, Volume 4, Number 45, Rensselaer, Jasper County, 4 May 1895 — GREAT BOOM IN GRAIN. [ARTICLE]

GREAT BOOM IN GRAIN.

MAY DELIVERIES CAUSE A ROUSING BULL MARKET. Wheat at Chicago Up 1 3-4 to * Cents, Corn Nearly 2, and Oats I—Provisions Steady—Wall Street Prices —Chicago Live Stock. Chicago, May I.—There was a firmness about the Chicago wheat market this morning which was unmistakable. Although wheat deliveries were calculated all the way from 2,000,000 to 4,000,000 bu the price for the month opened 54c better and moved up lc the first hour. After 54c reaction the price for May took another upturn of nearly lc to a point 154 c over last night at midday. The July sold up %c early, broke back %c and then moved up to lc over last night. The strength in May or cash wjieat was the chief bull feature. This month was at a premium at New York and other points also. Early cables were steady after the Tuesday break here. Liverpool wheat and flour stocks were reduced 300,000 bu. The weekly official crop bulletins indicated serious injury in many sections, with more moisture badly needed. St. Louis reported wheat delivered there mostly to millers and shippers, and 50,000 bu wheat ordered loaded to go to Texas. Northwest receipts were heavy at 413 cars. Western markets had 300,000 bu receipts against 178,000 a year ago. Atlantic ports cleared less than 2,000 wheat, and the flour was 45,000 brls. May wheat sold 6254 c to 63c, to 62%c to 63c, to 62%c, and up to 63%c. July sold 63%c to 63%c at opening to 64c, to 6354 c, to 63%c, to 6354 c to 6454 c. Manipulation upset all the plans of the bears in wheat and kept the market bulging to the close, when May touched 64c, 2c up. July 65c, closing 64%c, l%c higher. There was talk of vessel room taken for 500,000 bu here, but not confirmed. There was a big corn market all day. The chief bull Influence was the very light May deliveries. Conservative estimate put the corn delivered this morning at only 160,000 bu. The May became very strong and moved up from 46%c at the opening to 48%c. July opened 47%c and went early to 4814 c, where there was selling against calls. This put the price to 47%c at 11 o'clock, and an hour later it was up to 49c. Receipts were under the estimate at 232 cars. Estimated for tomorrow, 245 cars. Liverpool stocks of corn were reduced for the month 548,000 bu. Movement here, 242,000 bu in and 125,000 out. Western markets, 327,000 bu receipts, 190,000 shipped. Export clearances next to nothing. At 1 o’clock corn was at top for the day at 48%c May, 4954 c July, 50c September. Corn was equally strong with wheat at the close, when prices were further advanced to 49c bid May, 49%c bid July, 5054 c September. Vessel room was taken for 300,000 bu corn. Provision traders had a scalping market most of the session. Up to l o’clock pork had but 10c range, other products 5c change. From $ll.BO at opening May pork got up sl2. July sold >12.12% and $12.25. Lard closed $6.70 May, $6.85 July. Ribs closed $6.10 May, $6.27% July. Quotations were:

Articles— High. Low. Close. Wheat—No. 2. May 1 Apr 30 May $ .64 $ .62% $ .64 $ .62 July 65 .63% .64% .63% September 65 .63% .64% .63% Corn—No. 2. May 49 .46% .49 .47% July .49% .47% .49% .47% September .50% .48% .50% .49 Oats —No. 2. May 29 .27% .29 .27% June 29% .28% .29% .28% July 29 .27% .28% .28% September .26% .25% .26% .25% Pork — May 12.00 11.80 12.00 11.87% July 12.25 12.10 12.25 12.27% September 12.45 12.30 12.45 12.45 LardMay 6.70 6.60 6.70 6.67% July 6.85 6.80 6.85 6.85 September 7.00 6.95 7.00 7.00 Short Ribs— May , 6.10 6.02% 6.10 6.07% July 6.27% 6.20 6.27% 6.27% September 6.40 6.32% 6.40 6.45 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; lettuce, 75@80c per case; onions, 75c@$2 per brl; string beans, green, [email protected] per 1-bu box; wax, s2# 2.50 per brl; squash, [email protected] per doz; turnips, 18@20c per bu. Butter—Creameries, extra, 17c per lb; firsts 16@16%c; seconds, 15c; third, 12c; dairies, extra, 16c; firsts, 15c; seconds, 10c;' imitation creameries, extra, 15c; ladles, extra, 10@12c; firsts, 9c; seconds, 7c; packing stock, fresh, 7c; grease, 3@sc. Cheese—Young Americas, new, 10%@ 9@9%c; bricks, choice to fine, 11%@>12c; Limburger, U@U%c; Swiss, new, 10(g) 11c. Live Poultry—Turkeys, choice, ll%c per lb; fair to good, 10c; ducks, fair to choice, 10%@llc; geese, $3.50@4 per doz. Apples—[email protected] per brl. Potatoes—Hebrons, 60@63c per bu; rose, 57@59c; peerless, 57<@)59c; Burbanks, 65@67c. Sweet potatoes, Illinois, $2.75 per brl. Eggs—Salable at 12c per doz when cases are returned; 12%c cases included. Wheat and Corn. Closing prices of wheat aitd corn at the following named cities were: Wheat —New York—May, 68%c asked; July, 68%c asked; September, 69c. St. Louis —May, 66%c; July, 62%c asked. Duluth—May, 67%c; July, 68%c. 1 Minneapolis—Cash, 67%c; May, 66%@66%c. Baltimore—May, 69c bid. Toledo—Cash, 67c; May, 67c. Milwaukee —May, 65c; July, 65%c. Detroit—Cash, 67c; July, 66 %c.

Corn—New York—May, 5454 c asked; July, 54%c asked. St. Louis—May, 4654 c bid; July, 47$c bid. Baltimore— May, 52%c bid; July, 54c bid. Wall Street. New York. May I.—The stock market opened quiet, with the initial sales, as a rule, a shade below yesterday’s closing. The Leather shares were In request, and sold up % and 154 respectively. There was quite a demand for Sugar at a gain of % to 110%. Cordage rose 54. and Cordage preferred %. The market was dull during the half-hour following 11 o’clock and the only movement of importance was in the industrial stocks. After 11:30 speculation was heavy and prices receded 54@% per cent, except Ohio Southern, which advanced 1 per cent to 1954, and the Leather shares, which continued strong. Money on call easy; offered at 1% per cent; prime mercantile paper, 354®5 per cent; sterling exchange, heavy, with actual business in bankers' bills at 48954 48954 for demand and at 48854—48854 for sixty days; posted rates, 48954 and 490® 49054; commercial bills, 48754; silver certificates, 6654@6654; no sales; bar silver, 6654; Mexican dollars, 5254; government bonds, firm. Closing quotatiohs were:

Atchison Manhattan 1184 Amer. Tobac.... 108 4 Missouri Pa 0.... 25W Baltimore Sc O. 554 Michigan Cent 1004 Can. Paciflo 47 Northern Pao C.,8. andQ 74% North Pao pfd... 214 C. &St. L.. 414 N. Y. Central... 9994 Cordage 7 Northwestern... 964 Chicago Gas 74.4 N. Y.& N. E 894 Chesap’k&O.... 1894 N. American... 6k Del & Hudson... 128,4 Omaha 8594 D. L. Sc W 159 Omaha pfd 112 Dist Catl Fd C.. 194 Ont. &West’n.. 1794 Den & R G pfd.. 42$ Pacific Mail 284 Erie 114 Pullman 178 East’n Illinois Reading 164 East Tennessee Rock Island 6694 Hocking Valiev. Richmoud Ter Illinois Central.. . Silver Cer Jersey Central.. 954 Sugar Refinery.. 11294 Kan Sc Tex pfd.. 81% St. Paul 6294 Lead 844 St Paul pfd L., N. A Sc C 74 Texas & Paciflo. 104, L. & N 56 Union Pacflic Linseed Oil Western Union. 89 Lake Erie & W.. 2094 Wabash 64' L. E. &W. pfd.. 77 Wabash pfd.... 184 Lake Shore 148 Wiscon'n Cent Government bonds stand at the following bid prices: Registered 25.... 964 Currency 6s, ’97.1054 Registered 45....1114 Currency 6s, ’98.1084 Coupon 4s 11294 Currency 6s, ’99.111 Currency 6s, ’95.100 Coupon 5s Currency 6s. ’96.1024 Raglst’d ssexl

Live Stock. Chicago, May I.—Cattle—Receipts, 10,000; calves, 600. Common to extra choice native beeves sold at [email protected], the bulk of the transactions being at $4.76® 6.60. There was a moderate cow trade at [email protected], sales being chiefly at $2.26 @3.80, and bulls sold at [email protected]. The stocker and feeder trade lacked animation, and most of the sales were at [email protected], but choice feeders were In request at high prices. Veal calves sold at [email protected] per 100 lbs. Hogs—Receipts, 30,000. A further decline of 6c per 100 lbs occurred today, and at this reduction trade was fairly active on local and shipping*account, the bulk of the Bales being at [email protected]. Heavy hogs sold at an extreme range of [email protected], lightweights at [email protected] and pigs at [email protected]. Sheep—Receipts, 13,000. Sales were on a basis of [email protected] for Inferior to choice large sheep, and at [email protected] for lambs. Good shorn lambs sold at $3.75® 4.25. ' Liverpool. Liverpool, May I.—Wheat—Spot, No. 2 red winter, 6s 2d; No. 2 red spring, 5s 6d; No. 1 hard Manitoba, 5s 6%<J; No. 1 California, 5s 2d; futures: May, 5s l%d; June, 5s 2d; July, 5s 2%d; August, 5s 3d; September, 5s 3%d; October, 5s 4d. Corn—Spot, American mixed, new, 4s 5%d; futures: May, 4s sd; June, 4s sd; July, 4s 5%d; August, 4s 5%d; September, 4s 6%d; October, 4s 6tyd. Flour— St. Louis fancy winter, 6s 3d. 1 ■ Peoria. Peoria, 111., May I.—Corn—No. 2, 46%c; No. 3,46 c. Oats—No. 2 white, 31%c; No. 3 white, 31c. Rye—No. 2 choice, 65c. Whisky—High proof spirits, $1.21; finished goods, $1.20. Receipts—Wheat, 4,200 bu; corn, 31,800 bu; oats, 52,800 bu; rye, 800 bu; barley, 700 bu. Shipments— Wheat, 12,600 bu; corn. 6,800 bu; oats, 800 bu; rye, none; barley, 700 bu. New York. , New York, May I.—Butter—Receipts, 9,344 pkgs; western dairy, B@l3c; western creamery, 12@19c; Elgins, 19c. Eggs —Receipts, 11,694 pkgs; western, 13&@ 13%c. Coffee—No. 7,16 c. Toledo. Toledo, Ohio, May I.—Wheat—Cash, May, 67c; June, 67y 2 c; July, 66V4c; August, 65%c; No. 3 soft, 66c bid. Corn— Cash, 48 1 ,4 c. Oats—Cash, 30c nominal. Hitt May Now Recover. Washington, May I.—Congressman Hitt passed a comparatively comfortable night and this morning shows much improvement over yesterday. His chances of recovery are Improved. Standard Telephone for Mexico. City of Mexico, May I.—The Standard telephone company has organized a company with a capital of $2,000,000 to enter the field in Mexico. A concession will be eranted. Buchanan Again Respited. Albany, N. Y., May I.—Gov. Morton has granted a respite of one week to Dr. Buchanan* the murderer confined in Sing Sing, to permit of the dismissal or determination of the appeal filed by his counsel with the United States Su preme court. ben. Newton Dead. New York, May 1. —Gen. John New» ton, president of the Panama Railway Company, died this morning. He was one of the most brilliant and success* ful of American engineers.