People's Pilot, Volume 4, Number 52, Rensselaer, Jasper County, 20 June 1895 — DROP OF THREECENTS. [ARTICLE]

DROP OF THREECENTS.

CHICAGO WHEAT TRADERS SOMEWHAT PANICKY. All Markets Break, Com, Oats and ft* visions, as Well as th* L*ad«r —Not Much Bear News—Price* in Wall Street Yesterday.

Chicago, June 19.—Wheat did not hold its own up to midday. Foreign cables were conflicting. From Minneapolis the trade got the report that Northwestern Miller had cable telling of bad condition of Russian rye crop. The export sales yesterday of 184,000 bu wheat at New York and 96,000 at outports was more than offset by the light export clearances of 28,000 bu wheat and 16,000 brls flour. Northwest receipts were light at 114 cars compared with 228 a year ago. This was offset by primary i receipts of 191,000 bu with Western ship- ■ ments but 179.000. No one will believe . crop talk either way any more. There ; was grasshopper talk from the West. All this counted for nothing. The trade took kindly to the bear side. The break of Id to l%d at Liverpool probably started more selling than anything else. July wheat sold 74*40 to 73%c oji the first ! drive, then rallied to 74%c where it was stopped twice yesterday, then went back I around 74e before 12 o’clock with a sharp ' break to 73c before 12:30 p. m. September wheat sQld 7£%c to fs%c to 76%c to 74%c. Wheat got very heavy at the close. On a selling flurry July went off to 71%c, and closed 71%c, September 73%c. Loss for the day about 3c. From New York came talk of adverse finances, possible gold exports, etc. Local cash sales were practically nothing, and no fresh export business reported from seaboard. Before 1 o'clock to-day corn showed a decline of %c for July and 1c for September from yesterday closing. This was not surprising In the face of the 2o break in a panicky wheat market. Local receipts were only 94 cars. Estimated receipts for to-morrow were 90 cars. The movement here yesterday was 90,000 bu in, 210,000 out. Western markets shipped 247,000 bu, 100,000 in excess of receipts. Exports were 73,000 and yesterday export sales New York and outports given at 216,000 bu. July sold early at 50%c to 50%c and broke to 49%c September sold at 51%©51%c and then off to 50%c. Corn closed 1c off July at 49% c, l%c off September at 50%c. Corn charters were for 64,000 bu. Provisions opened about steady. There was at one time a little up-turn in pork to $12.75 for September. Other stuff showed no strength. Late in the day all products sold off with the break in grain markets. Pork closed 12%c lower at $12.60. September, lard 7%c off at $6.75, ribs 5c oft at $6.50 same month. Quotations were: Articles— High. Low. -—Close. Wheat—No. 2. Jun.l9.Jun.lß Junes .74% $ .71% $ .71% $ .74% July 74% .71% .71% .74% Sept .76% .73% .78% .76% Corn—No. 2. June 48% .49% Julyso% .49% .49% .50% Septsl% .50% .50% .51% May 43% .42 .42 .4$ Oats—No. 2. June2B% .28% .28% .28% July 29% .28% .28% .29 Sept. 29% .28% .28% .28% May 32% .32 .32 .32% Pork— Junel2.2o 12.35 Ju1y12.45 12.30 12.30 12.42% Septl2.7s 12.60 12.60 12.72% Lard— June 6.50 6.55 Ju1y6.57% 6.55 6.65 6.80 Sept 6.80 6.75 6.71% 6.82% Short ribs— June 6.20 6.30 Ju1y6.32% 6.27% 6.27% 6.35 5ept6.57% , 6.50 6.50 6,0 T%

Wall Mtrfat. > New York, June It.—The stock market opened with a moderate degree of activity and lower price* were a* a rule established throughout the list. At 11 o’clock some slight recovery was made, but the market became dull after 11 and the movement of prices as a rule was unimportant. Toward noon values receded a fraction. Money on call nominally 1 per cent; prime mercantile paper, 2%03% per cent. Sterling exchange strong and higher, with actual business In bankers’ bills at 489%0489% for demand and at 488%©488% for sixty days; posted rates, 4890489% and 4900 490%; commercial bills, 487%©488. Silver certificates, 67067%; no sales. Bar silver, 96%. Mexican dollars, 53%. Government bonds strong. Closing quotations were: Atchison. 10% Manhattanlls- - Cotton Oil. 28% Missouri Pac.... 82% Amer. Tobac... . 114 Michigan Cent 102% Baltimore & O. 63% Northern Pac Can. Pacific North Pac pfd... 16% C., B..andQ 85% N. Y. Central... 102% C. & St.L 46 Northwestern... 99% Cordage 2% N. Y.& N. E..... 45 Chicago Gas 74% N. American... 5% Chesap’k&O.... 22% Omaha... 40% Del & Hudson.. . 130 Omaha pfd D. L.& W 162% Ont. AWest’n.. 18 Dlst Catl Fd C.. 19% Pacific Mailßl% Den & RO ofdPullman;..178 Ene 10 Readingl7% East’n IllinoisKock Island 73% East Tennesseeßichmond Ter UlinoisCentralSilver Car....;, 67 Jersey Central.. 10t% ! Bugar Reflnery.ll9% Kan & Tex pfd.. 84x4 St. Paul 68% Lead.3s% St. Paul pfd L., N. A & C 9% Texas & Pacific. 13% L. & N 58% Union Pacific.., .... Linseed OIL .... 30 Western Union. 98% Lake Erie & W.. 24% Wabash 1.. E. & W. pfdWabash pfd.... 20% Lake Shorel49%'Wiscon’n Cent..'.... Government oomis stand at tne following bid prices: Registered 4s. ...112 Currency 6s. ’98.106 ( o tpon 4sll3%'Currency Cm, ’99.108% Cu reucy os, '95.190 (Coupon 5s Cu rency 6s. '96.101 |Regist'dsa.....

Chicago Produce Market. The followingajuotations are for large lots only; small quantities are usually sold at advanced prices: Vegetables—Asparagus, home-grown, 50@6Vc per 1-3 bu box; beets, 60@75c per doz; cucumbers, $1.75 per crate; green onions, 20@25c per case; green peas,sl.2s @1.50 per bu; lettuce, home grown, 50@ 60c per tub of 4 doz; new cabbage, 85c@ $2 per crate; onions,Bermudas, [email protected] per sack; pie plant.2se per 50 lbs; radishes. 25@75c per bu; string beans, green, [email protected] per bu box; wax. [email protected]; turnips, 25@30c per bu. Cheese —Young Americas, choice, 7@ Brt; twins. 6Vi@7%e; Cheddars. 6' 2 @7c;

brick, 7@7-1/2c; Limburger, 7@8c. Butter—Creameries, extra, 17-1/2c per lb; first, l<Hc; second, 13014Hc; thirl. 10012 c; dairies, extra, 16c; flrat, 13014 c; second, 11012 c; imitation creameries, extra, 14015 c; ladles, extra, 11012 s; first. 809 c; second, 707%c; packing stock, fresh, 708 c; grease, 305 c. Live Poultry.—Turkeys, choice. So per lb; fair to good, 607 c; ducks, fair to choice, >2.5003 per dos; geese, 3304 per doz. Apples—32.so 04.50 per brl. Potatoes—Hebrons, 32036 per bu; Burbanks, Michigans, 35040 c; mixed, 30040. Eggs—Salable at 10%c per doz when cases are returned; U*£c cases included. Live Stock. Chicago, June 19.—Cattle—Receipts, 15.000; calves, 600. Sales were on a basis of $3.7506 for common to extra native dressed beef and shipping steers, with the larger part of the transactions at 34.6005.60. Bulk of Stockers and feeders sell a good deal below 34. but some choice 1,143-lb feeders went at $4.35 yesterday. Cows and bulls averaged 100 15c lower than yesterday, cows and heifers selling at $1.2504.50 os an extreme range, with sales principally at $203.25, Bulls sold at $1.7503.25, and calves were again in good demand at $4.7505.90, a few selling at $2.5004.50. Hogs—Receipts, 28,000. Heavy hogs sold at an extreme range of $4.4504.90, mixed and butchers' hogs at $4,450 4.80, and lightweights at $4.4004.70. Heavy sold largely at $4.7004.80 and light at $4.6004.65. Shippers are buying more freely this week, and this is having a stimulating influence on prices for choice hogs. Sheep—Receipts, 16,000. There was a fair demand for good to choice sheep and lambs, but the general market was 10015 c lower, and in some Instances there was a greater decline. Sheep were salable at $1.5004.10 and spring lambs at $4.5006. Comparatively few natives sell below $2.50 or as high as $4.

Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat—New York—July, 75%c; September, 76%c; December, 78%c. St. Louis—July, 73%c; September, 72%0. Duluth—July, 73V4c; September, 77c. Minneapolis—Cash, 73V4c; July, 72%c. Baltimore—June, 74%c; July, 74c. Milwaukee—Cash, 73c; July, 73%c. Detroit —Cash, 75c; July. 75c. Corn—New York—July, 54c; September, 55*4c. St. Louis—July, 45%c; September, 47%c. Baltimore—June, 52Vic; July, 53c. Liverpool. Liverpool, June 19.—Wheat—Spot No. 2 red winter, 5s No. 2 red spring, stocks exhausted; No. 1 hard Manitoba, 6s 2%d; No. 1 California, 5s 7ftd; futures, June, 5s 7V4d; July, 5s 7%d; August, 5s 8d; September, 5s B%d; October, 5s B%d; November, 5s 9d. Corn—Spot, American mixed new, 4s 4%d; futures, June, 4s 4d; July, 4s 4ffld; August, 4s. 5%d; September, 4s sd; October, 4s 6d; November, 4s 6%d. Flour—St. Louis fancy winter, Bs. Faorla. Peoria, IJ1„ June 19.—Corn— No. I, SOVfrc; No. 3,50 c. pats—Nb. 2 white, 30ft @3o%c; No. 3 white, 30®30%c. RyeDull, nominal. Whisky—Finished goods on the basis of 81.25 for high wines. Receipts—Wheat, 5,400 bu; corn, 20,800 bu; oats, 23,100 bu; rye, none; barley, 700 bu. Shipments—Wheat, 1,800 bu; corn, none; oats, 36,300 bu; rye, 600 bu; barley, none. New York. New York, June 19.—Butter—Receipts, 10,475 pkgs; western dairy, 90 14c; western dreamery, 12® 18c; Elgin*, 18c. Eggs—Receipts, 10,698 pkgs; western, 12V4013c. Coffee—No. 7, 15Hc.