People's Pilot, Volume 5, Number 5, Rensselaer, Jasper County, 25 July 1895 — SURPRISE FOR BEARS. [ARTICLE]

SURPRISE FOR BEARS.

WHEAT RISES NEARLY 5 CENTS AT CHICAGO. light Western Receipts and Certainty of Crop Damage the Chief Causes—Corn and Oats Firmer in Sympathy—ln Wall Street. Chicago, July 24.—September wheat closed at 72%c, September corn at 44%c and September oats at 23%c. September pork at $10.82%, September lard at 56.35 and September ribs at 56.17%. Wheat ruled active and at times there was considerable excitement, with prices practically higher, having ruled for some time fully lc above the close last night. The strength Is due to a combination of causes which have existed for some days, but the force of which has been ignored heretofore. The small shipment from exporting countries to Europe has evidently had its effect on the English markets, as Liverpool is quoted %d higher today, notwithstanding our weak close yesterday.' Another reason for the advance—not by any means new but now beginning to be fully realized—is the light deliveries of wheat at primary points. Chicago, St. Louis, Detroit and Toledo have only 124,000 bu today, against 808,000 bu this <iay a year ago, showing that either farmers have little for sale, or that they will not market it at the price or that home wants are absorbing it all. It also begins to be felt that even if the crop in the northwest is large it will not make up for the deficiency in the winter wheat. There was a liberal demand for long account. September sold early at 68%c, went up quickly to 70%c, fell off to 69%c, up again to 70%c, and at noon was 70%c. The market got additional strength during the last hour and September sold up to 71%c, or 4%c over yesterday’s close. Corn was quiet but firm, chiefly in sympathy with the sharp bulge in wheat, but business was small as the interest centered in the wheat pit. September sold at one time at 44%@44%c split, went to 44%c, but eased off and at noon was 44%c bid. May ranged at 35%@35%c. The market held steady during the last half hour, with September close to 44%c and May up to 35%@ 35%c. Hog products lower early but recovered. September pork sold to 510.67%, back to SIO.BO lard at [email protected]% and ribs at [email protected]%. Pork improved during the last hour to 510.85, while’lard and ribs held steady. Quotations were: Articles— High. Low. Close. Wheat—No. 2. July24.July23. July 5 .71% 5 .67% 5 .71% 5 .66% Sept 72% .68% ' .72% .67% Dec 74% .70% .74% .69% Corn — July 44% .44% Sept 44% .44% .44% . .44% Dec 36 .35% .35% .35% May 36% .35% .35% .35% Oats— July 24% .23% Sept 23% .22% .23% .22% May 26% .25% .26% .25% Pork— July ...... 10.75 10.67% Sept 10.85 .10,67% 10.85 10.77% Jan 10.82% 10.56%-10.82% 10.70 Lard— July 6.25 6.25 Sept 6.35 6.30 6.32% 6.32% Jan 6.30 6.27% 6.30 6.30 Short ribs — July 6.10 6.07% Sept 6.17% 6.10 6.17% 6.15 Oct 6,15 6.12% 6.15 6.15

Wall Street. New, York, July 24.—There was some little irregularity to prices at the opening, but the changes were slight. The grangers and others of the leading shares ruled lower after 10:15, but the declines generally were of the merest fraction. The market was steady at 11 o’clock. The features of the speculation during the succeeding hour were Sugar and the coalers. Heavy sales of Sugar caused a reaction to 113%, which was 1% per cent below the top price of the morning. A rally to 114 followed, but the stock was again forced down, touching 112%, with a recovery of %. The general list was somewhat irregular, but the market at noon was firm L 4 tone. Money on call easy at 1 per cent. Prime mercantile paper, 3@4 per cent. Sterling exchange firm, with actual business in bankers’ bills at 490@490% for demand and at 489@489% for sixty days; posted rates, 489%@490 and 490% @491. Commercial bills, 488%. Silver certificates, 66%@66%; no sales. Bar silver, 66%. Mexican dollars, 53%. Government bonds firm. Closing quotations were; Atchison 14%'Manhattan Am. Cotton Oil. 26% Missouri Pac... 33% Amer. T0bac....110% Michigan Cent Baltimore & 0.. 63 Northern Pac Can. Pacific North Pac pfd.. 18% C. B& Q 88% N. Y. Central.. ... C. & St. L.. 47% Northwestern.. 99% Cordage 1% N. Y. &N. E... 54% Chicago Gas .... 56% N. American... 5% Chesap'k& 0.... 21% Omaha 41% DeL & Hudson.. 129% Omaha pfd 120 D. L. & W 162% Ont. & Western 17% Dist Catl Fd C.. 20% Pacific Mail.... 28% Den & R G pfd Pullman 175% Erie 10 Reading 17% East’n Illinois Rock Island.. . 75% East Tennessee Richmond Ter Illinois Central. 99 Silver Cer Jersey Central.. 102% Sugar Refinery. 113% Kan & Tex pfd.. 37% St. Paul 69% Lead 35% St. Paul pfd.... 123% L., N. A. & C.... 9 Texas & Pacific 12% L. & N 59% Union Pacific.. 12% Linseed Oil .... Western Union. 91% Lake Erie & W.. 27% Wabash . 9 L. E. & W. pfd. 84% Wabash pfd....*20% Lake Shore 153 Wiscon’n Cent Government bonds stand at the following bid prices: Registered 25.... 91 Currency 6s, '97.103 Registered 45... .112% Currency 6s, ’98.106 Coupon 4s H 2% Currency 6s, ’99.109 Currency 6s, ’95.100 Coupon 5s Currency 6s, '96.101% Registered 55.. .115%

Chicago Produce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Vegetables—Asparagus, home-grown, 50c per doz; beets, 65@75c per bu; cauliflower, [email protected] per crate of 1 doz; cucumbers, 20c per crate; green onions, 20@25c per case; green peas, 65c per %- bu sack; onions, 75@90c per 1%-bu sack; radishes, 25@75c per bii; string beans, green, 50@60c per bu box; wax, 50@60c; turnips, 25c per bu; tomatoes, 25@ 40c per case of 4 baskets. Apples, 75c@ $1 per brl: Butter—Creameries, extra, per lb; fitet, 16@17c; secofld, 13@ 15c: 10@llc; dairies, extra, 15c;

first, 12%@13c; second, 10c; imitation creameries, extra, 14c; ladles, drat. 10©llc; second, B@9c; packing stock, fresh, 8© 9c; grease, 3 ©sc. Dive Poultry— Turkeys, choice, B%@9c per lb; fair to good, 7c; chickens, hens, 9c; ducks, fair to choice, 8c; geese, s3©4 per doz. Beans—Peas and navy beans, hand-picked, [email protected] per bu; good, clean, [email protected]; Lima beans. California, $4.87%@5 per 100 lbs. Cheese — Young Americas, choice, 7%c; twins, 6%@7%c; Cheddars. 6@7c; brick, 7%c; Limburger, 7%@Bc; Swiss, 7@9c. Veal—Fancy calves, 8c per lb; fair to good do, 6@7c; small, thin, 4%@5c; coarse, heavy carcasses, 4c. Eggs— Salable at 11%@11%c per doz when cases are returned; 12c cases included. New Potatoes—Barrels, [email protected]; bulk stock 45@48c.

Live Stock. Chicago, July 25.—Cattle—Receipts, 15,000; calves, 1,000. The bulk of the cattle sold at [email protected]. The Stocker and feeder trade has improved, and in many cases prices are as much as 15c higher than last week, sales ranging at $2.40@4. Cows were fairly active at ruling prices, most of the sales of cows and heifers being at [email protected]. Bulls sold at [email protected], and veal calves were in the usual request at [email protected] for desirable offerings. Hogs—Receipts, 22,000. Sales were made of heavy hogs at [email protected]%, mixed lots at [email protected] and light at [email protected]. Most of the transactions were at $4.85@5 for heavy and at $5.10@ 5.15 for light hogs. A good many hogs were, carried over. Sheep—Receipts, 13,000. Sales were slow at [email protected] for common to choice spring lambs, and sheep were extremely dull at [email protected] for inferior to extra, few selling above $3.75. Texas sheep sold at s2@3 and westerns at [email protected]. Large, numbers were carried over.

Wheat and Corn. Closing prices of wheat and corn at the following-named cities were: Wheat—New York—July, 75%c; September, 75%c; December, 77%c. St. Louis—July, 71%c; September, 71%c. Duluth—July, 72%c; September, 70%c. Minneapolis—Cash, 71c; September, 68%c. Baltimore —July, 72c; September, 73%c. Toledo—Cash, 75%c; September, 74%c. Milwaukee—Cash, 72%c; September, 73%c. Detroit —Cash, 74%c; September, 74%c. Corn—New York—July, 49%c; September, 49%c. St. Louis—July, 40%c; September, 42%c. Baltimore—July, 49%c; August, 49c. Liverpool. Liverpool, July 24. —Wheat —Spot, No. 2 red winter, 5s 3%d; No. 2 red spring, 6s 7%d; No. 1 hard, Manitoba, 5s 7d; No. 1 California, 5s 2%d. Futures, July, 5s 3%d; August, 5s 3%d; September, 5s 4%d; October, 5s sd; November, 5s 5%d; December, 5s 6%d. Corn—Spot, American mixed, 4s 4%d. Futures, July, 4s 3%d; August, 4s l%d; September, 4s 2d; October, 4s 2%d; November, 4s 2%d; December, 4s l%d. Flour—St. Louis fancy winter, 7s 6d. Peoria. Peoria, 111., July 24.—Corn —No. 2,44 c; No. 3, 43%c. Oats—No. 2 white, 26c; No. 3 white, 25%@25%c. Rye—Dull, nominal. Whisky—Finished goods on the basis of $1.23 for highwinesi Receipts—Wheat, 2,400 bu; corn, 39,750 bu; oats, 28,750 bu; rye, none; barley, 700 bu. New York. New York, July 24.—Butter—Receipts, 8,750 pkgs; western dairy, 9@l2c; western creamery, 12@17%c; Elgins, 17%c. Eggs—Receipts, 7,660 pkgs; western. 12%@13%c. Coffee—No. 6, 15%c.