People's Pilot, Volume 5, Number 6, Rensselaer, Jasper County, 1 August 1895 — BEARS STILL ON TOP [ARTICLE]

BEARS STILL ON TOP

'WHEAT AT CHICAGO CLOSES l 1-2 CENTS LOWER. ' Absolutely No Export Trade ReportedGood Crop Prospects Cause Weakness in Corn—Closing Prices for WaL Street Stocks. Chicago. July 31. —The weather map and the dispatches from all quarters this morning indicated clear and bettet harvest weather. The export clearances were very light as usual. New York cleared no w-heat, all ports only 61,000 bushels and a little flo.ur. The bulls had the receipts of only 5 cars contract wheat at Chicago w-here receipts were 690 cars, and contract wheat 586 cars a year ago. Winter wheat movement 314,000 bu at all big markets, last year 1,070,000 bu same points. .Toledo had 128,000 bu last year 321,000. Detroit had but 11,000, against 70,000 a yeai ago. Bradstreet at 12 o’clock gave bullish figures on world's wheat stocks. American stocks were reduced 1.129,000 bu. wheat in Europe and afloat reduced 1,296,000. World’s stocks decreased 2,425,000 bu compared with an increase of over 3,000,000 bu same week last year. Minneapolis authorities put themselves on record for 150,000,000 bu crop in the three big states. September wheat sold 70%c to 7014 c at opening, dropped to S9%e an hour later, got rally 1 to 70c, dropped to 69%c, l%c break from yesterday, rallied to 70%c, then sold back to J9%c and became extremely dull at l%c ander last night. __ During the last half hour wheat had another weak spell and the September price touched 69%@69%c, nearly 2c under last night, closing 69%c, just under puts. Local sales cash wheat reported at 80,000 bu, 35,000 to Ohio millers, balance in small lots to millers and for shipment. With cash corn in demand at %c over September price, it does not look encouraging for short sellers for that month. This may have been the cause of some stubbornness In the corn market early when wheat broke nearly 2c. September corn sold 43c to 42-%c to 43c to 42%e on the heavier estimated receipts, then held firm at 42%c bid. May corn held mostly at 35%c after gelling sparingly at 35%e. The local receipts were over the estimate at 271 cars. Estimated for to-morrow quite heavy at 385 cars. But shipments were liberal at 236,000 bu and withdrawals over 200,000 bu. Export clearances were 55,000 bu. Bradstreet’s gave available stocks at a decrease of 927,000 bu. There was some raiding early, but the support, as on previous days, became very pronounced at any drop under 43c for September. Corn closed 42%@42%c September, 35%@35%c May. Sales of cash corn reported at 150,000 bu. New York reported 300,000 bu corn sold for export. Provisions broke badly again today. September pork broke 40c to $lO and January pork, 25c to $10.31, closing $10.35. Lard closed 10c off at $6.17% and $6.20 bid same months. Ribs dropped to $5.87% September to $5.45 January. Quotations were:

Articles— High. Low. Close. Wheat—No. 2. July3l.July3o. July $ .60 $ .68% $ .68% 6 .71% Sept 70% .69% .69% .70 Dec • .72% .71% .71% .73% Corn— July 42% .43% Sept 43 .42% .42% .43 Dec 35 .34% .35 .35% May 35% .35% .35% .35% Oats — July 23 .22% .22% .23% Sept 22% .22% .22% .22% May 25% .25% .25% .26 Pork — July 10.30 Sept 10.45 10.00 10.00 10.40 Jan 10.50 10.30 10.35 10.55 Lard — July 6.17% Sept 6.27% 6.15 6.17% 6.27% Jan 6.25 6.20 6.22% 6.30 Short ribs— July 5.95 Sept 6.05 5.87% 5.87% 6.07% ‘ rn- r, of, r, ((■>'/, fi 05

Wall Street. New York, July 31.—The stock market opened moderately active and generally lower. Sugar sold freely and receded 1% per cent. The other shares traded in made further slight recessions. Shortly after 11 o’clock the reactionary movement was generally checked, but few stocks made further slight recessions. Chicago Gas on good buying rose 1% and Sugar % per cent, but the greater part of the market was held steady. At 12 o'clock speculation was quiet. Money on call easy at 1 per cent. Prime mercantile paper, 3@4 per cent. Sterling exchange strong, %d higher, 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: Atchisou 15% Manhattan ....114 Ain. Cotton Oil. 27 Missouri Pac... 37% Amer. T0bac....112 Michigan Cent. 100% Baltimore & O Northern Pac.. 5% Can. Pacific North Pac pfd.. 19 C. B & Q 91% N. Y. Central.. 102% C.,C.,C. & Kt. L.. 48% Northwestern. .102 Cordage 1% IN. Y. &N. E... 50% Chicago Gas .... 57%1N. American... 6% Cbesap'k & 0.... 22 Omaha 41% Del. & Hudson iOmaha pfd D L & W Ont. & Western 17% I)ist Catl Fd C\. 20%;Pacific Mail.... 29% Den & It G pfd 'Pullman 176% Erie ...Heading 17% Kast’n Illinois.. 54 Rock Island.. . 79% East Tenuessee Richmond Ter. Illinois Central Silver Oer Jersey Central..ln2% Sugar Refinery. 116% Kan & Tex pfd.. 3i% St. Paul 72% Lead 35% St. Paul pfd. .. 127 L., N A. &C.... 9 Texas & Pa’dlic 12% L. & N 62% Union Pacific.. 14% Linseed Oil 9 Western Union. 92% Lake Erie & w 7% Wabash 9% L. E. & W. pfd. Wabash pfd.... 21% Lake Shore ....149 : , Wiscou’u Cent.. 6% Government bonds stand ut the following bid prices: Registered 25.... 96% Currency6s, '97.163 Register* d 45.. ..112 ; Currency 6s, ’98.106 Coupon 4s 112%(Currency 6s, ’99.109 Currency 6s. '95.100 !Coupon 5s Currency 65.’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, $1 tier crate of 1 doz; cucumbers, 15@200 per crate; green onions, Wit 2s.- per case; green peas, 65c per

bu sack: onions, 75@90e ;:er 1%-bu sack: radishes, per bu: siring beans, green, 50@60c per bu boxf wax. 50@60e; turnips. 25c per bu: tomatoes, 25@ 30c per case of ■» baskets Apples, sl@ 1.7' per brl. Butter—Creameries, extra, II e per lb; first, 16@17c; second, 13ffT 15c; third, 10@llc: dairies, extra, 15c; first, 12%@13c; second. 10c; imitation creameries, extra, 14c; ladles, first, 10®llc; second, B@9c; packing stock, fresh. B@9c; grease, 3@sc. Live Poultry—Turkeys, choice. 9c per lb; fair to good, 7%@Bc; chickens, hens, B%c; ducks, fair to choice. 8e; geese, s3@4 per doz. Beans—Peas end 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@7%e; twins, 7@7%c; Cheddars, 6%#7e; brick. B@B%c; Limburger, B%@9c; Swiss. 12%@13c. Veal—Fancy calves, 7%c per lb; fair to good do, 6©7c: small, thin, 4%<flsc; 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. 30@40e.

IJve Stork. Chicago, July 31.—Cattle—Receipts, 10,000; calves, 1,000. Common to choice native steers were In active demand by dressed-beef firms and eastern shippers at [email protected], with transactions largely at [email protected], and extra beeves would have sold at $5.90 or $6. Stockers and feeders were in active demand at the advanced prices, witn sales largely at $2.50(g>3.75, the good pasturage tending to stimulate buying. Cows and bulls shared in the improvement, and sales were brisk at [email protected] for poor to choice, with a few extra lots at higher prices. Veal calves were in fair supply and in good demand at [email protected] for good to prime ones. Hogs—Receipts, 14,000. The hulk of today’s sales were at [email protected], and the best heavy sold at $4.95, sales being made from that price all the way down to $4.40 for common droves. Mixed and butchers’ hogs sold at [email protected], and lights found purchasers at [email protected] for ordinary to prime selected.. Sheep—Receipts, 12,000. Common to choice native sheep sold at [email protected]; westerns at [email protected] and spring lambs at $2.75@3 for culls up to [email protected] for good to choice flocks. Wheat mill Corn. Closing prices of wheat and corn at the following-named cities were: Wheat—New York—August, 73%0; September. 75%c; December, 75%e. St. Louis—July, 68%e; September, 69%c. Duluth—July, 69%c; September, 6774 c. Minneapolis—Cash, 68%e; September, 65%c. Baltimore—July. 70c: September, 71%0. Toledo—Cash, 75%c; September, 73%c. Milwaukee—Cash, 69c; September. 70c. Detroit—Cash, 73%c; September, 73%c. Corn—New York—August, 48%c; September, 48%c. St. Louis—July, 38%o; September, 40%c. Baltimore—July, 49%c; September, 47%c. Liverpool. Liverpool, July 31.—Wheat—Spot, N ». 2 red winter, 5s 5%d; No. 2 red spring, 5s 9d; No. 1 hard Manitoba. 5s lOd; No! 1 California, 5s 5%d. Futures, August, 5s 5%d; September. 5s 6d; October, 5s B%d; November, 5s 7d; December, 5s 7%d. Corn—Spot, American mixed, new, 4s 3%d. Futures, August, 4s %d; September, 4s %d; October, 4s %d; November, 4s Id; December, 45,. Flour— St. Louts fancy winter, 7s Od.

Peoria. Peoria, 111., July 31.—Corn—No. 2, 42%c; No. 3, 42%c. Oats—No. 2 white, 25%c; No. 3 white, 25@25%c. RyeDull, nominal. Whisky—Finished goods on basis of $1.22 for hlghwines. Receipts—Wheat, 3,600 bu; corn, 29,260 bu; oats, 32,500 bu; rye and barley, none. Shipments—Wheat. 3,600 bu; corn, 8.250 bu; oats, 35,000 bu; rye and barley, none. Toledo. Toledo, 0., July 31.—Wheat—Cash. 75y 2 c; August and September, 73%c; December, 74%c bid; No. 3 soft, 69c. Corn—Cash. 45c; No. 3 yellow, 45c; No. 3,44 c. Oats—September, 23%c. New York. New York, July 31.—Butter—Receipts, 7,244 pkgs; western dairy, 10@13c; western creamery, 12@18c; Elglns, 18c. Eggs—Receipts, 5,777 pkgs; western, 12 @l3%c. Coffee—Quiet.