People's Pilot, Volume 4, Number 48, Rensselaer, Jasper County, 23 May 1895 — BY LEAPS AND BOUNDS [ARTICLE]

BY LEAPS AND BOUNDS

WHEAT ADVANCES TO TOP NOTCH AT CHICAGO. The July Price Advanced 3 3-Be, Closing at 77 1-4c—Crop News Alarming —Corn and Provisions Sus* talned by Wheat. % Chicago, May 21.—There was no attempt at a reaction in wheat this morning. The professionals who tried the raiding business yesterday were on the buying side from the start. When.the Washington and State crop bulletins were published this morning and the comment was very gloomy it gave a sort of official backing to the damage reports. Liverpool cables came Id higher and firm at opening. An hour later second cables quoted another Id advance. London cables told of a movement among Argentine millers to prevent further exports and fear of short supplies before another crop. At midday Berlin wheat was quoted nearly 2 marks higher and the German wheat crop reported unfavorable in prospect. At midday it was said Bradstreet's leaked to a favored few who bought enough to send the price whirling to the 77c mark. When the whole trade got the announcement that world’s stocks were decreased 5,400,000 bu for the week there was enough selling to cause a temporary reaction. The action of the market may be traced by the July price. It opened 74%©75%, touched 75%c. went back to 74%c, to 75c, to 74%c, to 76%c on a great up-turn of nearly 2c in fifteen minutes, eased to 76%c and made the rush to 77c at 12 o’clock. There was a dip to 76%c and a rally to 76%c and it held there at 12:30 p. m., 3c up from last night. The last half hour brought fresh enthusiasm to wheat. A big cash demand was added to other bull forces. There was a rumor that foreign buying had been renewed on a good scale at New York. There was a wild closing, with 77%c the bid price for July and sales in the pit after the bell at 77%c.

In corn the situation was different. The receipts hold up so large that the trade is made to feel the pressure of sales against the actual stuff. This market had 448 cars to-day. The cars for to-morrow are placed at 575. Llverpoob appears to have corn in sight from Argentine or elsewhere and did not quote prices up with wheat. While there is talk of crop injury the trade does not take it seriously. Exports were 147,000 bu. Bradstreet’s decreased available stocks 718,000 bu. While wheat was advanced 3c, corn gained but 1c from last night. July sold 54%c to 54%c to 54%c to 54%c and up to 55c. September sold 55%c to 55c and up to 56c. Brokers say receivers all free sellers at 55c July and 56c September', that the crop appeared to be for sale at these figures. There was %c reaction from top prices at 1 o’clock. Corn closed 54%c July and 55%c September. Vessel room was taken for 310,000 bu corn.

There was good action In provisions. July pork sold 112.60 and 812.9714, September, 812.90 and 813.2214, last prices 812.7214 and 813.0214, less than 10c up. Lard was but 5c up at best point and closed 86.80 and 86.95 July and September. Ribs went to 86.4214 July, 86.65 September, and closed 86.3714 and 86.6714. Quotations were: Articles—High. . Low. -CloseWheat—No. 2. May 22. May 21 May ....8 .76’4 8.73% 8 .7614 8 .72% Ju1y6714 .74% .7714 -73% Sept77l4 -74% .7714 -73% Corn—No. 2. Mays 3% .5314 .53% .53% Julyss . 54% .54% .54 Sept»i .55 . 55% .54% Oats—No. 2. . May 29% .28% .29% .28% June 29% .29% .29% .29% July3o .29% .29% .29% Sept 29 .28% .29 .28 May, '96. .32% .31% .32% .31% PorkMay 12.62% 12.55 July ....12.97% 12.60 12.72% 12.65 Sept ....13.22% 12.90 13.02% 12.92% LardMay 6.67% 6.55 July .... 6.82% 6.72% 6.80 6.77% Sept .... 7.00 6 90 6.95 6.92% Short Ribs— May 6.27% 6.20 July .... 6.42% 6.32% 6.37% 6.30 gr nt .... 6.65 6.50 6.57% 6.50 Chicago Prodace Market. The following quotations are for large lots only, small quantities are usually sold at advanced prices; Vegetables—Asparagus, home-grown, 60075 c per doz; beets, 25@40c per bu; cauliflower, 81.2501.50 per crate of 1 doz; cucumbers, 40065 c per doz; green onions, 25@50c per case; green peas, 81.000 1.25 per bu; lettuce, home-grown, 50075 c per tub of 4 doz: new cabbage, 83.500 4.00 per crate; onions, Michigans, 81.00© 1.75 per brl; pieplant, 25c per 50 lbs; radishes, 25©75c per bu; string beans, green, 81.2501.50 per bu box; wax, 81.50 02.25; turnips, rutabagas, 18023 c per bu.

Butter—Creameries, extra. 17c per lb; firsts, 15@15%c; seconds, 13@14c; thirds, 12c: dairies, extra, 15c; firsts, 18 @l4c; seconds, 8@10c; imitation creameries. extra, 15c; ladles, extra, 10®12%c; firsts, B©9c; seconds, 7c; packing stock, fresh, 7%©Bc; grease, 3@sc. Cheese—Young Americas, choice, B'4c; bricks, 7%©Bc; Lfmburger, 7%c; Ewiss. new, 10©10%c. Live Poultry—Turkeys, choice. 8© Sc per lb; fair to good, 7@Bc; ducks, fair tn choice, 7% ©9c; geese, 8304 per dos. A pp1e5—82.5003.50 per bri. Potatoes—Hebrons 48®52c per bu; rose. 45048 c; peerless. 45@48c: Burbanks, Michigan*. 55057 c. Fggs^—Salable at 11 %e per doz when cases are returned: 11%©12c case Included. Wall Street. yXrk. May 22.—The stock market opened active and Irregular. The share speculation assumed a decided tone shortly after 10:15 and prices soared upward. The gains were of a more pronounced character in the industrial group. After 11 o'clock some of the inactive stocks displayed strength. Speculation at 12 o'clock was dull and heavy. Money on call easy at 1 per cent; prime mercantile paper 2%@4 per cent; sterling exchange strong and higher, with actual business In bankers’ bills at 488@488>4 for demand and 487@487*4 for sixty days; posted rates 487‘4@488 and 4880489: commercial bills, 486*4. Silver certificate*. 67% ©67%; no sales. Bar silver, 67%. Mexican dollars, H;

government bonds firm. Closing quotations were; Atchison 7% Manhattan Con.l , Am. Cotton Oil. 28% Missouri Pac.... ' Amer. Tobac.... 107% Michigan Csnt Baltimore &O. 68% Northern Pac.. Can. Pacific. North Pac pfd.. < C., B. and Q 78% N. Y. Central. . Im * C. & St.L. 44 Northwestern... *. , Cordage 4% N. Y.& N. E I. Chicago Gas 74% N. American. -. 6* Chesap'k&O.... 22% Omaha Del & Hudson... 133% Omaha pfd.... D. LA WOnt. AWest’u.. ls% Diet Catl Fd C.. 21% Pacific Mail Den &RU pfdPullmanl7l Erie. 12% Reading V’% East’n Illinois.. 55% Rock Island C'»\ East Tennesseeßichmond Ter.. .... Illinois Central[Silver Cer Jersey Central.. 100% Sugar Refinery .1 17% Kan & Tex pfd.. 32 [St. Paul 66% Loud 34% St. Paul pfd L., N. A& C 10 ,Texas & Pacific. l'J'% L& N 58% Union Pacific... 14% Linseed 0i127% Western Union 9*1% Lake Erie & W.. 21% :Wabash it L. K. & W. pfd.. 79%Wabash pfd.... t :% Lake Shorel46%iWißcon’n Cent Government bonds stand at the following bid prices: Registered 25... 97 Currency 6s. ’97.106 Registered 45....112% Currency 6s, ’98.109 Coupon 45113 Currency 6s, ’99.1L1 Currency 6s, ’95. UK) Coupon 5s Currency 6s, ’96.103 Regist’d 5s ex 1 Live Stock. Chicago, May 22. Cattle— Receipt .<, 12,000; calves, 700. Sales were fair on a basis of 84.25 05.80 for common to choice native steers weighing 850 to 1,600 lbs, with sales largely at 8505.50 for good beef cattle weighing from 1,100 to 1,300 lbs. These are the cattle most sought for by dressed beef and shipping firms. Butchers’ stuff sold better than dressed beef cattle and cows again brought extremely good prices, ranging at 82.20© 4.65, largely at 82.6004.25. Bulls sold at 8204.50, not many going above 84. Veal calves were in ample supply once more at yesterday’s decline of 25c per 100 lbs. with sales at 8305.10. Hogs—Receipts, 38,000. Both eastern U shippers and local packers took hold freely, and the bulk of the supply changed ownership, heavy hogs selling at 84.3504.80 and lightweights, at 84.36© 4.65, with choice mixed selling as high as 34.70. Both heavy and light were tn good request, with sales largely at 84.70 04.75 for the former and 84.6004.65 for light and mixed. t t Sheep—Receipts, 13,000. Trade was active at further advances in prices, Mexican unshorn lambs selling as high as 86,35. This ds an advance of lie per too lbs since yesterday and a rise of 40c since the close of last week. Wooled lambs were in demand at 8606.85, shorn lambs at 85.2505.75, shorn sheep at 85.3. r > 05.10, largely at 83.90 and upward, and spring lambs at 3606.25.

Wheat and Carn. Closing prices of wheat and corn at the following named cities were; Wheat—New York— May, 78%c; July, 80c; September, 80%e. St. Louis—May, 80c; July, 77%c. Duluth—July, 79%0; September, 76%c. Minneapolis—July. 78c; September, 76c. Baltimore—May, 78%c; July, 78%c, Toledo—Cash, 80c; July, 78%e. Milwaukee—Cash, 77%c; July, 78%c. Detroit—Cash, 80o; July, 78%c. Corn—New York—May, 59c; July, 59%c. St. Louis—May, 52%c; July, 54%c. Baltimore—Muy, 59%c; July, 59%c. Liverpool. Liverpool, May 22.—Wheat—Spot—No. 2 red winter, 5s 7d; No. 2 red spring 5s lid; No. 1 hard Manitoba, 5s lid; No. 1 California, 5s 7d. Futures—May, 5s 8d; June, 5s B%d; July, 5s B%d; August, Is 9%d; September, 5s 9%d; October, Is 10%d. Corn—Spot—American mixed, new, 4s 10%d. Futures—May, 4s 10%df June, 4s 9d; July, 4s 9d; August, 4s 9%d; September, 4s 9%d; October, 4e 9%d. Flour—St. Louis fancy winter, 7s. Peoria. Peoria, 111., May 22.—Corn—No. 2,53 c; No. 3, 52%c. Oats—No. 2 white, 31%082c; No; 3 white, 31%031%c. Rye—No. 2, 65© 65%c. Whisky—High proof spirits, 81.35; finished goods, 81.24. Receipts—Wheat. 2,400 bu; corn, 71,700 bu; oats, 75,900 bu; rye, 600 bu; barley, 1,400 bu. Shipments —Wheat, 1,200 bu; corn, 38,000 bu; oats, 74,800 bu; rye. none; barley, none. Toledo. Toledo, Ohio, May 22.—Wheat, Cash, May and June, 80c; July, 73%c; August and September, 77%c; No. 3 soft, 78c. Corn—July, 55%c; cash, 55%c. OatsCash and July, 31 %c; No. 2 white. 34c bld. New York. New York, May 22.—Butter—Receipts, 7,690 pkgs; western dairy, 7©l2c; west-, ern creamery, 11017%c; Elgins, 17%c. Eggs—Receipts, 10,400 pkgs; western, 14©14%c, Coffee—Quiet; No. 7, 15%c.