People's Pilot, Volume 5, Number 8, Rensselaer, Jasper County, 15 August 1895 — BEARS STILL RULE. [ARTICLE]

BEARS STILL RULE.

SHARP BREAK FROM EARLY FIGURES AT CHICAGO. Both Wheat and Corn Close Lower— Cables Easier and Export of Wheat Nothin*; —Good Cash Demand for Corn —The Day in Wall Street. Chicago, Aug. 14. —Wheat had a range of 1c up to midday. The September sold 67%c and 66%c. The opening was a down turn of %c to %c. ’ The bulls had the light northwest receipts of only 88 cars at the two big spring wheat markets; the light Chicago receipts of 51 cars; the poor grading, giving but 1 car No. 2 winter, 2 cars No. 2 spring from the new crop; the poor grading of spring wheat at Minneapolis, where 21 cars were rejected out of 74 cars nnew wheat received; withdrawals here of 200,000 bu, the Beerbohm estimate of 225,000,000 bu shortage in the world’s wheat crop. The bears had the disappointing early cable which gave Liverpool steady to %d higher following the strength here yesterday while the later private cables came %@%d lower. Berlin was % mark tower and weather in France fine. New York dispatches kept the trade nervous over the gold exports. New York cleared no wheat, and all ports put out but 39,000 bu wheat and 4,000 brls flour for the day. The break of l%c in corn before 12 o’clock was a weight on the jpheat trade. Bradstreet’s exhibit of world’s stocks after midday showed a moderate decrease of 1,300,000 bu. Of this, stocks east of the Rockies decreased 540,000 bu, stocks Europe and afloat decreased 760,000 bu. Following this there was a further drop in prices to 65%c September, to 68%@68%c December, 1c loss from the close yesterday. During the last hour wheat sold off to 65%c September, to 68%@68%c. Last prices were 66@66%c and 68%@68%c. Inquiries as to cause of poor grading of new wheat at Minneapolis brought reply that wheat is smutty. This is serious, as it can not be remedied. There was a fancy corn market the first hour. There was a bulge of %c from the opening, a break of l%c from the top point, and a nervous trade with very little recovery followed. September opened 38c, and went to 38%c, broke to 37%c, and held up the last hour around 37%c. May sold 32%c to 33%c to 32%c, and held late in the session at 32%c. Receipts were under the estimate at 393 cars. The cars for to-morrow were remarkably heavy at 583. Shipments were 177,000 bu, withdrawals 172.000. Atlantic ports cleared 252,000 bu, of which New York furnished 187,000. The cash premium of 114 c for corn to arrive this month was the strongest bull influence. Bradstreets was bearish giving available stocks at 203,000 bu increase against 600,000 bu decrease a pressure. Before 1 o’clock September corn broke to 37%@37%c May to 32%c. Corn closed heavy at low point of the day at 3714 c seller September, at 3214 c bid May. Corn charters were over 200,000 bu. From $9.47% September pork sold $9.25 and closed $9.30. January sold $lO.lO and $lO. Lard sold at $6 cash both September and January $5.20, Closing $5.22%. All classes in the trade sold on the decline. Quotations were: Articles— High. Low. Close. Wheat—No. 2. Aug.l4.Aug.l3. Augs .6614 $ .64% $ .65% $ .66 Sept 67% .65% .66 .66% Dec 69% .68% .68% .69% May 74% .73 .73% .74 Corn— Aug 37% .38 Sept3B% .37% -37% .38 Dec 32% .31% .31% .31% May.. 33% .32% .32% .32% Corn— Augl9% .19% Septl9% .19% .19% .19% Oct2o .19% .19% .19% May .23% .23% .23% .23% Pork—--5ept9.47% 9.25 9.30 9.52% Oct 9.55 9.35 9.37% 9.52% Janlo.lo 10.00 10.02% 10.12% Lard— Sept6.o2% .5.97% 6.00 6.02% 0ct6.07% 6.02% 6.02% 6.07% Jan 6.05 6.00 6.00 6.02% Short ribs— Sept. 5.60 5.55 5.55 5.65 Oct. 5.67% 5.57% 5.60 5.70 Jan 5.25 5.20 5.22% 5.25

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,2s@7sc per crate of 1 doz; cucumbers, 15@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 bu; string beans, green. 50@6Gc per bu box; wax. 50@60c. turnips, 25c per bu; tomatoes, 10® 25c per case of 4 baskets. Apples, 75c@ $1.75 per brl. Butter —Creameries, extra, 19c per lb; first, 18@18%c; second, 15® 16%c; third, 12@13%c; dairies, extra, 16%c; first, second, 10@1112c; imitation creameries, extra,l3%c; ladles, first, second, packing stock, fresh, B%@c; grease, 3@sc. Live Poultry—Turkeys, choice, 9c per lb; fair to good, 7c; chickens, hens, B@B%c; 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. CheeseYoung Americas, choice, 7@7%c; twins, 7@7%c; Cheddars, 6%@7c; brick. B%c; Limburger, B%c; Swiss, 12@12%c. Veal—Fancy calves, 7V 2 c per lb; fair to good do, 7c; small, thin, 4%@5c; Eggs—Salable at per doz when cases are returned; 12c cases included. New Potatoes—Barrels, 90c@ $1.15; bulk stock, 33@38c. Wall Street. New York. Aug. 14.—The stock market opened dull and irregular. Speculation in stocks became unsettled after 10:15, but soon lapsed into dullness, and at 11 o’clock share movements were erratic on a narrow range. The gold engagements announced for tomorrow's steamers for Europe had a depressing effect on the speculation after 11 o’clock and the bears took advantage of the situation to raid the market. At lower figures buyers came into the market and a fractional recovery ensued, except in the coal shares, which at noon were still under pressure. Money on call easy at 1 per cent. Prime mercantile paper, 3%@4% per cent. Sterling exchange about steady, with actual business in bankers’ bills at 490V.@i49(t% for demand and at 489t£®

489% for sixty days; posted rates, 490@ 491. Commercial bills, 488%. Silver certificates, 67@>67%; no sales. Bar silver, 66%. Mexican dollars, 53%. Government bonds steady. Closing quotations were: Atchison 15% Manhattan ....117% Am. Cotton Oil. 24 Missouri Pacific 37% Amer. T0bac....110 Michigan Cent Baltimore & ONorthern Pac .. 4% Can. Pacific North Pac pfd.. 17% C. B. & Q.. 90 N. Y. Central.. 101% C.,C.,C. & St.LNorthwestern.. 101 % CordageN. Y. & N. E Chicago Gas ... 60 N. American. 6 Chesap k& 0.... 21 Omaha 41% Del. & Hudson .. 131% Omaha pfd D L & W ... Ont. & Western 17% Dist CatlFd C.. 21 Pacific Mad.... 28% Den &R G pfd.. .... Pullman Erie 8% Reading 18% East n Illinois.. 53 Rock Island... 79 East Tennesseeßichmond Ter Illinois Central Silver Cer.... • .... Jersey Central.. 104% Sugar Refinery. 113% Kan & Tex pfd.. 37% St. Paul 70% Lead 34% St. Paul pfd L., N. A. & C.... B%Texas & Pacific 12% L. & N.„. 60%!Union Pacific.. 13 Linseed Oil.-. Western Union. 93% Lake Erie & A . 25%Wabash L. E. & W. pfd. 81% Wabash pfd...# 21% Lake ShoreWiscon’n Cent Government bonds stand at the following bid prices: Registered 25.... 96% Currency 6s. ’97.1t>3 Registered 45.... 112 Currency 6s. ’98.106 Coupon 45112% Currency 6s, ’99.109 Currency 6s. ’95 100 Coupon 5s Currency 6s, '96 IQJ Registered ss. ..115

Live Stock. Chicago, Aug. 14.—Cattle —Receipts, 18,000; calves, 400. Common to extra choice native steers were in demand by dressed-beef firms and shippers at $3.75 @6, with sales principally at $4.50© 5.50, few really choice cattle being offered. The stocker and feeder trade was again brisk, good feeding cattle were firm at $3.50@4, but common Stockers were lower, ordinary, lots selling as low as $2.30. Cows sold anywhere from [email protected] for-the poorest up to [email protected] for choice, not many being good enough to go over S3J>O. Bulls were in the usual demand at [email protected], and veal calves were in fair supply and in good demand once more at [email protected], Hogs—Receipts, 18,000. The bulk of the hogs that changed hands brought [email protected], the average quality being poorer than usual. Heavy hogs sold at [email protected], mixed at [email protected] and lightweights at $4.60(5)4.90, singeing lots meeting with a limited demand at [email protected]. Sheep—Receipts, 16,000. Common to choice native sheep were in demand at s2@4, the bulk of the sales being at [email protected], and westerns brought $2.50© 3.25. Spring lambs were in the usual good demand at [email protected], with sales principally at [email protected]. Wheat and Corn. Closing prices of wheat and corn at the following-named cities were: Wheat—New York—August, 70%c; September, 71%c; December, 73%c. St. Louis—September, 67%c; December, 69%c. Duluth—Cash, 68%c; September, 64%c. Minneapolis—Cash, 62%c: September, 62%e. Baltimore—August, 68%c; September, 69%c. Toledo—Cash, 71c; September, 71c. Milwaukee—Cash, 65%c; September. 66%c. Detroit—Cash, 71c; September, 71%c. Corn—New York—September, 43%c; October, 42%c. St. Louis—September, 36%c; December, 27%c. Baltimore—August, 45c; September, 43%c. Liverpool. Liverpool, Aug. 14.—Wheat—Spot: No. 2 red winter, 5s sd; No. 2 red spring, 5s 8d; No. 1 hard Manitoba, 5s B%d; No. 1 hard California, 5s 4%d. Futures; August, 5s 4%d; September, 5s sd; October, 5s 5%d; November, 5s 6d; December, 5s 6%d. Corp—Spot; American mixed, new, 3s 10%d. Futures, August, 3s lOd; September, 3s 9%d; October, 3s 9%d; November, 3s 9%d; December, 3s; January, 3s 6%d. Flour—St. Louis fancy winter 7s.

Peoria. New York, Aug. 14.—Butter—Receipts, 6,257 pkgs; state dairy, 12@18c; state creamery, 19%@20c; western dairy, 9y 2 @ 13c; western creamery, 13@20c; Elgins, 20c. Cheese—Receipts, 5.907 pkgs; stated large, 5%@7%c; small, 6@B%c; part skims, 2@sc; full skims. 1%@1%c. Eggs —Receipts, 7,453 pkgs: western, 13@13y 2 c. Coffee—No. 7, 16% c. New Vork. Peoria. 111., Aug. 14-Corn—No. 2, 36%c; No. 3, 36%c. Oats—No. 2 white, 23c; No. 3 white, 22c. Rye—Dull, nominal. Whisky—sl.22. Receipts—Wheat 6,000 bu; corn, 39,750 bu; oats, 51,250 bu; rye, and barley, none. Shipments— Wheat, 3,600 bu; corn, 35,250 bu; oats, 73,000 bu; rye, bu; barley, none. Toledo. Toledo, Ohio, Aug. 14.—Wheat—Cash, August, 71c asked September, 71c bid; December, 72% c asked:. May, 76c; No. 3 soft, 68c; No. 4 soft, 64c. Corn—Cash, 40c, nominal; No. 3,39 c; No. 4, 36c’ Oats—Cash, 20%c, nominal;