People's Pilot, Volume 4, Number 47, Rensselaer, Jasper County, 16 May 1895 — CLOSES WITH A GAIN. [ARTICLE]

CLOSES WITH A GAIN.

WHEAT 1 3-8 C HIGHER THAN ON TUESDAY. C**p Complaint* Principally Accountable tor the Advance —Corn Cp Nearly 1 Cent —Provision* Firmer —Day in Wall Street. Chicago, May 15.—There was a great waking up in wheat again this morning. The local trade succeeded in forcing the July price %c under last night, when the market took a strong turn and advanced about lc the first hour artd then moved up nearly lc further before midday. Speculation has increased wonderfully; manipulation is certain; the shorts will not stand punishment. The upturn was largely due to the indiscretion of sellers late yesterday and the first half hour to-day. Several houses in the trade had mail and wire reports of crop injury. As a rule this information was used quietly, but not circulated. There were enough outside orders to take the local offerings at the opening. Then offerings became scarce. Then buyers got excited. The July opened 65c and off to 64%c, sold 65c and 64%c several times, got a lift to 65%c, sold 65%c, then 65%c and 66%c, then 65%c to 65%c to 66c to 65%c to 66%c to 65%c to 66%c to 66c to 66%c to 65%c, and held 66%c an hour before the close. There was no dumping of wheat before the close. The July closed nearly over yesterday at 66%c. September touched 66%c, and closed 66%c. May or cash was at 65%c, the best point in eighteen months. Cash sales were limited to about 115,000 bu for shipment, for export and for milling. There were no boatloads for export reported by seaboard. Sentiment held the market after the shorts advanced the price. Corn opened easier. The reports from all quarters Indicate excellent con. dltions for the planted crop. Local receipts were heavy for Wednesday at 223 cars. Local shipments yesterday were 50,000 bu less than receipts. Western markets showed lighter forward movement to seaboard. Out Inspection here was limited at 85,000 bu. Estimated cars for to-morrow were heavy at 356. With these conditions July corn sold a fraction lower at 50%0. Then wheat got on the rampage. New York cleared 158,000 bu. Two cash cargoes were reported sold here for Liverpool. July was advanced from 60%c to 61 %c, September from 61 %c to 62c. Corn closed at best prices at 51%@ 51%c July, 62%c seller September. Provisions were irregular for the session. When grain markets started heavy pork broke 10c to $11.82*4, July to $12.02% September. Before the close the bull feeling in grain markets spread to products and caused a rally. Pork advanced sharply to $12.06 July to $12.25 September. Lard lost 7%c to 10c early, rallied a little but closed 6c off at $6.65 and $6.80 July and September. Ribs closed with little change at $6.07% and $6.22% same months. Quotations were: Articles— High. Low. —Close.— Wheat—No. ,2 Mayls.Mayl4, May ...$ .65% $ .63% $ .65% $ .64% July ... .66% .64% .66% .65 Sept ... .66% .64% .66% .65% Corn—No. 2 May ... .61 .50%' .50% .60% July ... .61% .60% .61% .50% Sept. .. .62% .61% .52 .61% Oats—No. 2 May ... .28% .27% .28% .27% June .. .28% .27% .28% .27% July ... .28% .28% .28% .28 Sept ... .26% .26 .26% .26% May, 96 .29% .29% .29% .30 PorkMay ... 11.92% 11.87% 11.92% 11.77% July ... 12.05 11.82% 12.05 11.92% Sept ... 12.25 12.02% 12.26 12.16 Lard— May ... .' 6.62% 6.57% July ... 6.67% 6.62% 6.65 6.70 Sept ... 6.80 6.75 6.80 6.85 Short Ribs— May 6.00 5.95 July ... 6.10 6.02% 6.07% 6.07% Sept ... 6.22% 6.15 6.22% 6.20

Wall Street. New York, May 15.—The stock market opened weak. Stocks continued to recede for a brief time after 10:15. Good buying then set In and Cordage guaranteed advanced 1 per cent, Sugar %, Chicago Gas 1%, Distilling, New England and Southern preferred %, and the other shares dealt In %@%. Thirty thousand dollars silver certificates were traded In at 67%. The market became Irregular after 11 o'clock and prices moved both ways, leaning mostly toward lower figures. At noon Tobacco, New England and Manhattan receded %, but the general list was steady. Money on call easy at I@l% per cent. Prime mercantile paper, 2%@4% per cent. Sterling exchange fairly steady, with actual business In bankers' bills at 487@487% for demand and at 486® 486% for sixty days; posted rates, 486% @487% and 488@488%; commercial bills, 485%@485%. Silver certificates, 67%; sales, $30,000. Bar silver, 66%. Mexican dollars, 62%. Government bonds firm. Closing quotations were:

Atchison 7% Manhattan Con .116 Am. Cotton Oil. 29 Missouri Pac.... 28% Amer. T0bac....106% Michigan Cent 101% Baltimore &O. 68 Northern Pac.. 6% Can. Pacific 58 North Pac pfd... 22% C., B. andQ 77%;N. Y. Central.. lio% C. ftSt.L.. 48 Northwestern... 97 Cordage 5% N. Y.& N. E 4u% Chicago Gas 74 IN. American... 5% Chesap’k&O.... 21% Omaha.... 36% Del ft Hudson... Omaha pfd D. L. ft W 161%;0nt. ftWeafn.. 17% DistCatlFd C.. 28 I Pacific Mail 26% Den & R G pfd.. 47% Pullman 174% Erie 12% Reading 18% East’n Illinois.. 55% Rock Island 67% East Tennessee Richmond Ter Illinois Central.. 96% Silver Cer 67% Jersey Central.. 98 Sugar Refinery.. 115% Kan ft Tex pfd.. 81% St. Paul 60% Lead. 84% St. Paul pfd 121 L., N. A ft C 9% Texas ft Pa cilic. 12% L. ft N 58% Union Pacfiic... 13% Linseed OIL .... 25 Western Union. 91% Lake Erie ft W.. 20% Wabash 8% L. E. ft W. pfd.. 77% Wabash pfd.... 18% Lake Shore 146 Wiscon’n Cent Government bonds stand at the following bid prices: Registered 25... 97 Currency 65,’97.106 Registered4s....ll2% Currency 6s, ’98.109 Coupon 4s 113 Currency 6s, ’99.111 Currency 6s, ’95.100 Coupon 5s Currency 6s, '96.102% Regist’d ssexl