People's Pilot, Volume 4, Number 46, Rensselaer, Jasper County, 9 May 1895 — SETBACK FOR WHEAT. [ARTICLE]

SETBACK FOR WHEAT.

CORN TAKES ITS PLACE AT CHICAOO. The Latter Sells Nearly 1 Cent Pp Early an® Ha* Goad Support Late — Provision* Dali —Wall Street Doings and Price*. Chicago, May B.—Wheat traders were considerably at sea during the morning. There seemed to be a lack of confidence among both longs and shorts. The early cables were helpful as Liverpool was quoted Vt to %d up. The cable influence was offset by the general rains and the flattering crop conditions. The Washington weekly crop bulletins were the best yet sent out for the crop year. The best support in the market, however, came from the country. Northwest cars were about the same as a year ago. Local shipments were encouraging at 310,000 bu. Export clearances were not encouraging at a little more than 300,000 in wheat and flour. Continental cables repeated by New York houses at 11 o’clock gave Berlin wheat I@l% marks lower, w\th Bus dan offerings liberal and crop prospects excellent. It was reported that another 100,000 bu cash wheat sold here to go to Toledo. July wheat opened at G3>6@ S3%c, and took an early drop to 62%c. From this the price climbed to 63%c, then on a stronger bulge to 63*&c, settled back slowly to 63c, and after midday broke to 62%c and became quiet at %e under last night. Wheat closed heavy at 61%c May, 62 j ,2C July, 62%@62Vfec September. This was %c under last night for July and about lc off for September. The cash wheat for Toledo was confirmed at 75,900 bu. New York reported 8 boatloads for export. Vessel room was taken for 280,000 bu wheat. After quite a checkered course during the morning the price of July corn held at %c better than Tuesday closing figure the last hour to-day. For July the action was 50%c at opening, touched 50%c, went to 51%c, and back to 507£c. On the bulge May w'as at 51c and Sepextremely light at 85 cars. The estimate for to-morrow was the same, 85 cars. Local shipments were 210,000 bu. Out inspection here, 319,000 bu. At Western markets receipts were 140,000 bu and shipments, 329,000. Four ports showed 107,000 bu cleared for the day. New Orleans, 30,000. The receivers reported prospect of a better run of receipts following corn planting season and with better roads in Illinois and Indiana. But the belief is quite general that following such receipts may come the scarcity in the country and the possible squeeze in the market. Crop prospects may do for next year, but the trade is in July and September now. Corn alone closed at a gain for the day at 50%c May. 50%c July, 5074@51c September. Local charters were 75,000. There was some covering by shorts, some outside buying orders to fill, and pork especially got a lift. July sold at *11.97i,i and *12.20, September at *12.15 and $12.37%, and the close was at 512.1 and *12.35, over 20c up. Lard was slow and closed 2%c up at $6.67% July, $6.82 1 / ! September. Bibs gained 7140 at *6.1214 and $6.2714. Quotations w-ere: Articles. High. Low. Close. Wheat—No. 2. May 8. May 7 May $ .62%’ * .61 % * .61% * .62% July 63% .621/4 .6214 .6344 Sept 63% .62% .62'4 .63% Corn—No. 2. May 51 .50% .50% .50% July 51% .50% .50% .50% Sept 51% .50% .51 .50% Oats—No. 2. May 28% .28% .28% .28% June 29 .28% .28% .28% July-..: 28% .28% .28% .28% Sept 261% .25% .25% .26% Pork— May'.. 12.02% 12.00 12.02% 11:80 July '. 12.20 11.97% 12.17% 11.95 Sept 12.37% 12.15 12.35 12.15 - May 6.55 6.52% 6.55 6.52% JqlJr ....... 6.7 Q 6.65 6.67% 665 Sept 6.85 6.80 6.82%. 6.80 Short Bibs— May 6.02% 6.00 6.02% 5.97% July 6.12% 6 07% 6.12% 6.07% Sept 6.27% 6.22% 6.27% 6.20

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, 16c per lb; firsts. 14@1514c; 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 Americans, new, 8@ Stic; bricks, choice to fine, 1114@12c; Llmburger, I1@»ll%c; Swiss, new, 10@ 11c. Live Poultry—Turkeys, choice, 10c per lb; fair to good, BVfe@9c; ducks, fair to choice, l6M>@ilc; geese, s3@4 per doX. Apples—[email protected] per brl. Potatoes—Hebrons. 57 @5 9c per bu; rose, 50@55c.; peerless. 50@55c; Burbanks, 58@60c. Sweet potatoes, Illinois, $2.75 per brl. Eggs—Salable at 11V2@12c per doz when cases are returned; 12@12j4e cases Included. Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat—New York —May, 65%c; July, 66%c; September, 67%e. St. Louis—May, 63c; July, 61ti@61%c. Duluth—May, 64%c; July, 65%c. Minneapolis—May, 63t4c; July, 63%C. Baltimore —May, 66%c; July,. 65%@66c. Toledo—Cash, 67c; June, 67c. Milwaukee—Cash, 63c; July, 63%c. Detroit—Cash, 664 c; July, 64%c. Corn—New York—May, 55%c; July, 55t4c bid. St. Louis—May, 47%c: July, 48%C. Baltimore—May, 55tic; July, 55%@65%c. Wall Street. New York, May 8. —The stock market opened active and generally higher. A drive against Sugar and the grangers stemmed the advancing tendency and Sugar fell 1% per cent; Burlington, %; Northwestern, St. Paul, %, and Rock Island, %. Leather broke and the general list a smaller fraction. Values In the main continued to recede un-

t ft" « '1 til 10:30. Some few •tocks, however, were notably strong, of wfcich prominent veers.Paabandle common and Erie preferred, which moved up 1% and 1 per cent, respectively. Toward noon Distilling came into good demand And. rose 1 per cent; Canada Southern niade a similar gain. At 12 o’clock the market was steady. Monejr on call easy at 1% per cent. Prime mercantile paper, 3%@4 per cent. Sterling exchange weak and lower, with actual business in bankers' bills at 488%@488% for demand and 487V4® 487% for sixty days. Posted rates, 488 @489 and 489%@490; commercial bills, 486%; silver certificates, 67%@67%; no sales; bar silver, 67; Mexican dollars, 52%. Government bonds strong. Closing quotations were: Atchison 6% Manhattan Con .118)4 Am. Cotton Oil. 29% Missouri Fac... 28% Amer. Tobac... 104 Michigan Cent 400% Baltimore Sc O. 58% Northern Fac Can. Pacific 51 North Pac pfd.. 22%' C., B. andQ 77% N. Y. Central... 99% C. & St. L.. 48% Northwestern... 97% Cordage 7 N. Y.& N. E 41% Chicago Gas 78% N. American... 5% Chesap’k&O.... 21% Omaha 36% Del & Hudson... 130 Omaha pfd D. L. & W 160% Ont. & West’n.. 18% Dist Catl Fd C.. 20% Pacific Mad 27% Den & R G Dfd.. 45% Pullman Erie 12% Beading 16% East'n Illinois.. 16 Kock island 68 EastTenuessee 'Richmond Ter Illinois Central.. 98% Silver Cer Jersey Central.. 96% Sugar Refinery.. 114% Kan Sc Tex pfd.. 32% St. Paul 64% Lead 35% St Paul pfd L.. N. A & C 9% Texas Sc Pa ciflc. 11% L. Sc N 57% Union Pacfiic... 15% Linseed Oil 24% Western Union. 90% Lake Erie & W.. 20% W abash 7% L. PI. A W’. pfd.. 77%:Wabash pfd ... 17% Lake Shore 144 iWiscon'n Cent Government bonds stand at the following bid prices: Registered 25... 97 Currency 6s, ’97.106 Registered 4s. ...112% Currency 6s, '98.109 Coupon 4s 112% Currency 6s, '99.111% Currency 6s, '95. 100 Coupon 5s Currency 6s. ’96,102% Kegist’d 5g ex 1

Live Stock. Chicago, May 8. —Cattle—Receipts, 11,000; calves, 500. Common to choice native steers weighing from 930 to 1,660 lbs were salable at $4.25@6, with the bulk of the transactions at [email protected]. For butchers and canners’ stock there was a brisker demand than for dressed beef cattle, and prices ruled strong, cows and heifers selling at [email protected], chiefly at [email protected]. Bulls sold freely at $2<h4.50, and veal calves were firm, with ready sales at s3@s per 100 lbs, an advance within a week of fully 50c. The Stocker and feeder trade was fairly active at considerably higher prices than were paid last week, sales being at an extreme range of [email protected]. Texas cattle receipts were about 2,000 head, and there was a good demand at firm prices, not many grass cattle being offered. The best sold around $5.25. Hogs—Receipts, 22,000. —Heavy hogs sold at an extreme range of [email protected], light and mixed at [email protected] and pigs at [email protected], while culls were picked up at s2@4. The larger part of the hogs sold at [email protected], and one lot brought $4.80. Sheep—Receipts, 12,000. Prices were strong to 10c higher, with sales of inferior to choice sheep at [email protected], the bulk going at [email protected]. One of the most noteworthy sales was that of a flock of 600 head of western-fed sheep from Rochelle, 111., to an exporter at $1.50. There were numerous sales of western sheep at [email protected] and lambs sold actively at [email protected].

Liverpool. Liverpool. May B.—Wheat—No. 2 red winter. 5s l'/id; No. 2 red spring, 5s 6d; No. 1 hard Manitoba, 5s 6d; No. 1 California, 5s l%d. Futures, May, 5s June, 5s l%d; July, 5s 2y 2 d; August, 5s 2%d; September, 5s 314 d; October, 5s 3%d. Corn —Spot—American mixed, new, 4s 7V»d. Futures, May, 4s 7Vid; June, 4s 7tid; July, 4s 7j4d; August, 4s 7%d; September, 4s 8d; October, 4s B%d. Flour —St. Louis fancy winter, 6s 6d. Peoria. Peoria, May B.—Corn—No. 2,50 c; No. 3, 49tfcc. Oats—No. 2 white, 31>4c; No. 3 white, 3l@3lVic. Rye—No. 2, 64@65c. Whisky—High proof spirits, $1.23; finished goods, $1.22. Receipts—Wheat, 600 bu; corn, 22,100 bu; oats, 58,300 bu; rye, none; barley, 2,100 bu. Shipments— Wheat, 12.000 bu; corn. 11,000 bu; oats, 45,000 bu; rye, none; barley, none. New York. New York, May B.—Butter—Receipts, 5,635 pkgs; western dairy, 7%@12%c; western creamery, 12@18c; Elgins, 18c. Eggs—Receipts, 9,369 pkgs; western, 13 @I3VAc. Coffee—No. 7,16 c. Toledo. Toledo, 0., May B.—Wheat—Cash, May and June. 67c asked; July, 64%c asked: August, 63M.C asked; No. 3 soft, 66c. Corn—Cash, 51c. Oats—Cash, 30c nominal.