People's Pilot, Volume 5, Number 1, Rensselaer, Jasper County, 27 June 1895 — WHEAT KEEPS FIRM. [ARTICLE]

WHEAT KEEPS FIRM.

BULLS AT CHICAGO HOLD THEIR OWN. Very Poor Threshing Returns Coming In— Corn Weak on Fine Crop Prospects— Provisions Sell Higher—The Day in Wall Street. Chicago, June 26.—Wheat had a weather bulge the first hour of the session. Then the bear fraternity attempted to smash prices and failed. Later the advance was well held with trade quiet. Liverpool came Id higher, more than reflecting the gain here yesterday. California advices were bullish again, claiming as low as 30,000,000 bu yield for that state. New York reported sqme foreign buying for September, and gave export sales there and outports yesterday at 232,000 bu wheat. Northwest cars were 195 where the two big markets had 251 a year ago. Dispatches from Indiana and Illinois points told of very beggarly yield of wheat in many townships. On' 80-acre field near Litchfield, 111., was reported as threshing out but 92 bu wheat. July opened 71%c to 71%c and went straight to 72%©72%c, exactly 1c over the close yesterday. September sold at 73%c up to 74%c. There was a reaction at 11 o’clock to 71%c and 73%c, a rally before midday to 72%c and 74%c. The market held close to these prices up to the last hour. The late private cables gave further advance of %d at Liverpool, and Antwerp was quoted equal to 2c higher. During the last hour the wheat trade acted nervous. Prices weakened to 71%c and 73%c at 1 o’clock, then got quick upturn to 72%c and 73%0 and closed 72%c and 74%c. New York reported 15 boat loads worked for export. There was talk of two cargoes worked here. Cash houses took all the July on the market for a few minutes and started a buying flurry. Northwest dispatches hinted at possible frost tonight. The trade was in condition to act on bull news.

In corn no one expected much activity and there was no disappointment in this respect. The market followed wheat on an early advance, and followed oats on a break later. July sold at 48%c to 48%<? to 47%c, and held around 48c. September sold at 49%c to 49%c to 48%c seller, and held at 49%c. With wheat up %91c and oats off %c corn ruled a little lower. Receipts were light at 133 cars. The estimate for to-morrow was but 127 cars. Withdrawals were 200,000 bu and shipments very heavy at 141,000 bu. New York gave export sales yesterday 125,000 bu and four ports cleared for the day 131,000 bu. Conditions could not be more favorable for the growing corn crop. Corn closed about %c off for the day at 48948%c July, 49%c September, 41%c May. Sales of 150,000 bu cash corn reported here, but no vessel room taken. Provisions showed strength early. Pork was advanced 12%c and other products sc. On the whole the market was firm with no great activity. September pork sold 112.55 to to >12.45 to >12.55 bld at 1 o’clock. September lard touched >6.82% and held >6.80. Ribs moved up to >6.57%, weakened to |6.50 with heavy sales. The strength In wheat early and late helped suppoiU predicts. Quotations were: High. Low. Wheat—No. 2. Jun.26Jun.2s June > .72% > .71 > .71% > .71% July 72% .71% .72% .71% Sept 74% .73% .74%- .73% Corn—No. 2. June 47% .48 July4B% .47% .48 .48% Sept 49% .48% .49% .49% May <41% .40% .41% .41% Oats— No. 2. June 26% July 26% .26% .26% .26% Sept 26% .26 .26% .26% May 30% .29% .29% .30% Pork— Junel2.3o 12.16% July 12.32% 12.20 12.30 12.22% Sept 12.62% 12.45 12.55 12.50 Lard— June 6.60 6.30 July 6.62% 6.60 6.62% 6.57% Sept 6.82% 6.80 6.82% 6.77% Short Ribs— June 6.35 6.30 July 6.37% 6.82% 6.35 6.32% Sept 6.57% 6.50 6.55 6.52% Chicago Prod neo Maikot. The following quotations are for large lota only; small quantities are usually sold at advanced prices: Vegetables—Asparagus, home grown, 50960 c per 1-3-bu box, beets, 60975 c per bu; cauliflower, >1.2591.35 per crate of 1 dos; cucumbers, >1.75 per crate; green onions, 20925 c per case; green peas, >1.2591-50 per bu; lettuce,, home grown, 50960 c per tub of 4 doz; new cabbage, 85c9>2 per crate; onions, Bermudas, >1.5092.40 per sack; pieplant, 25c per 50 lbs; radishes, 25975 c per bu; string beans, green, 75c9H-15 per bu box; wax, 75c9>1.15; turnips, 25930 c per bu; tomatoes, Floridas, >l9l-50 per case of 6 baskets. Butter—Demand good; receipts fair. Creameries, extra, 17%c per lb; first, 16%c; second, 13914%c; third, 10912 c; dairies, extra, 15%c; first, 13914c*. second, 11912 c; Imitation creameries, extra, 14915 c; ladles, extra. 11912 c; first, 899 c; second, 7@7%c; packing stock, fresh, 798 c; grease, 395 c. Potatoes—Demand slow; receipts liberal. Burbanks, Michlgans, 35@40c per bu; Hebrons, 32936 c; mixed, 30@40c. Live Poultry—Receipts light: demand good. Turkeys, choice, 8c per lb; fair to good, 697 c; chickens, hens. B%c; ducks, fair to choice, >2.5093 per doz; geese, >394 per doz. Cheese—Demand light; receipts large. Young Americas, choice, 798 c; twins, 6%@7%c; Cheddars, 6%97c; brick. 7%9 8c; Limburger, 6%97c; Swiss, 798 c. Eggs—Demand good for strictly fresh laid, with the receipts liberal. Salable at 10%c per doz when cases are returned; ll%c cases included.

Wall Street. New York, June 26.—Trading was quite brisk at the opening, but there was no decided tone to the market. Values were changed for the most part only fractionally, but some few shares covered a voider range. The speculation was unsettled In tone for a brief time after 10:15. The Kansas & Texas shares were largely traded In and rose % and % per cent respectively. The common stock, howevre, lost the improvement. The second-mortgage bonds of the road were the feature of the bond speculation and 214 per cent higher, or 64%. Ten thousand dollars silver certificates brought 66%. The share speculation was dull after 11

o’clock, and for nearly an hour the fluctuations were unimportant. The market at 12 o’clock was firm. Money on call easy at 1% per cent; prime mercantile paper, 2%©3% per cent Sterling exchange was flrm, with actual business in bankers* bills at 489% @489% for demand and 488%@588% for sixty days; posted rates, 489 0 489% and 4900490%; commercial bills, 457%> 488. Silver certificates, 66%@66%; sales, 10,000 at 66%. Bar silver, 66%. Mexican dollars, 53. Government bonds strong. Closing quotations were: Atchison 9-5/8 Manhattan..... 114 Am. Cotton Oil. 29 Missouri Pac.... 32 Amer. Tobac.... 114% Michigan Cent 102% Baltimore &ONorthern Pac.. 4% Can. Pacific North Pac pfd... 16% C., B. and Q 85% N. Y. Central... .7 C. & St.L. 46% North western... 99% Cordage 1% N. Y.& N. E..... 48% Chicago Gas 70% N. American... 5% Chesap’k & 0.... 22% Omaha 40% Del &. Hudson... 129% Omaha pfd D. L. & W 162% Ont. &West’n.. 17% Dist Catl Fd C.. 31 Pacific Mail 30% Den &RQ ofdPullmanl7B% Erie 9% Readingl7% East’n Illinois. Rock Island 72% EastTennesseeßichmond Ter Illinois Central Silver Cer 66% Jersey Central.. 100% Sugar Refinery. 113% Kan & Tex pfd.. 87%!8t Paul 68% Lead 85%*8t. Pdul pfd L., N. A & C 8% Texas & Pacific. 18% L. & N fB% Union Pacific... 12% Linseed 0i129% Western Union. 92% Lake Erie & W.. 24% Wabash 8% L. E. & W, pfd.. 84% Wabash pfd.... 30% Lake Shorelso Wiscon’n Cent Government bonds stand at the following bld prices: Registered 35... 97 Currency rts. ’97.108 Registered 4s. ...112 Currency 6s, *98.1i * Coupon 45118% Currency 6s, ’99.108% Currency 6s, ’95.100 Coupon 5s Currency 6s. ’96.101 Regist’d 5a

Live Stock. Chicago, June 26.—Cattle—Receipts, 11,000 head. Common to extra choice steers weighing from 950 to 1,600 lbs were salable at $3.75©6, but not many went lower than $4, and sales were principally between $4.50 and $5.50, choice lots being scarce. Stockers and feeders were in limited supply once more and in light country demand at low prices, with sales mostly at Some very lightweight stackers that average between 400 and 500 lbs are Belling at $1.7502.25. Cows and heifers were plentiful, and the fat lots sold well enough, but poor offerings were slow at weak prices. Sales were generally made at $1.7504, with transactions largely at $2.5003.50. Bulls sold mostly at $2.2503.25. Calves are coming hero from all directions and sales are made at $2.5005.25, principally at $3.7505.25. Hogs—Receipts, 25,000 head. The trading was at a range of $4.5004.97V4 for common to extra choice heavy hogs, $4.5004.80 for common to choice mixed and $4.4504.75 for common to prime lightweights. The bulk of the sales occurred at $4.7504.90 for heavy and at $4.6004.70 for lightweight hogs. Sheep—Receipts, 15,000 head. They were salable at $1.5004, with sales chiefly at $2.7503.50. Spring lambs were offered in great abundance, and sold freely at $305.90, extra lots being worth $6 06.10. Texas, Oregon, Mexican and western sheep are selling at $2.7503 In large numbers.

Wheat and Corn. Closing prices of wheat and corn at the following-named cities were: Wheat—New York—July, 76%c; September, 77>4c; > December, 7»%c. St. Louis—July, 73%c; September, 73%0. Duluth—July, 74%c; September, 72%c. Minneapolis—Cash, 73Mic; July, 72%0. Baltimore—June, 72%c; July, 73c. Toledo—Cash, 78c; July, 75%c. Milwaukee —Cash, 72c; September, 74c. DetroitCash, 75%c; July, 75%c. Corn—New York—July, 52%c; September, 54c. St. Louis—July, 44%c; September, 46%c. Baltimore—June, 52%c; July, 52c. Liverpool. Liverpool, June 26.—Wheat—Spot, No. 2 red winter, 5s 5%d; No. 2 red spring, stocks exhausted; No. 1 hard, Manitoba, 6s *4d; No. I California, 5s Futures, June, 5s 6d; July, 5s 6%d; August, 5s 7Mid; September, 5s 8d; October,. 6s B%d; November, 5s 9d. Corn —Spot, American mixed, new, 4s B%d. Futures, June 4s 3%d; July, 4s B%d August, 4s 4%d; September, 4s Sttd; October, 4s 5%d; November, 4s 6%d. Flour—St. Louis fancy winter, 7s 9d. Peoria. Peoria, 111., June 26.—Corn—No. 2,48 c; No. 3,4714 c. Oats—No. 2 white, 28%c; No. 3 white, 28%c. Rye—Dull, nominal. Whisky—Finished goods on the basis of 31.24 for highwlnes. Receipts— Wheat, 1,200 bu; corn, 10,400 bu: oats, 49,800 bu; rye, none; barley, 700 bu. Shipments—Wheat, 1,800 bu; corn, none; oats, 60,500 bu; rye and barley, none.