People's Pilot, Volume 5, Number 9, Rensselaer, Jasper County, 22 August 1895 — MARKETS ARE WEAK. [ARTICLE]

MARKETS ARE WEAK.

BOTH WHEAT AND CORN SUFFER A DECLINE. The Former Declines 1 l-2c and the Latter 1 l-8c —No Export Inquiry for Winter Wheat —Heavy Movement of Corn Continues —Wall Street Prices.

Chicago, Aug. 21.—After a rally at the opening to 64c, the price for September wheat dropped to 62%c the first hour. The December was at 66%c and off to 65c. The cables were a little lower for Liverpool, Berlin wheat was 1 34@% marks lower. The export clearances promised very light. From the first prices quoted the market made %c or more recovery at 11 o’clock. The September got reaction to G3%c, the December to 65%c bid. This was the result of December buying orders placed at 65c and some covering for September by local people. The rally was followed by an hour of dullness. Then the selling pressure returned and prices went back to the low' point again about midday. Local receipts were only 43 cars, and of these but 11 car- were No. 2. Last year this market had 176 cars contract wheat. Northwest receipts were 218 cars, compared with 293 last year. This in the face of the fact that the crop is enormous, the price 10c to 15c higher, the season earlier. The primary receipts were 467.000 bu, about half the movement of same day last year. Baltimore private message gave shipments from that port over 100,000 bu and reported German bids. The grading of winter wheat at all markets indicates a large percentage of the short crop not merchantable. Wheat made no recovery of importance from the low point. September sold 62%c and closed 62%c. December sold 64%c and closed 65%c. There was no export demand reported here or at seaboard. Vessel room was engaged for 92,000 bu at 2c rate to Buffalo. There was further decline in corn for the session. September started steady at 37%c, dropped to 37%c the first hour and sold down to 36y 2 @36%c later. May corn sold 32%c and 32%c. The cars to-day were 442 and the estimate for to-morrow heavier at 600 cars. Shipments yesterday were 200,000 bu, but this was less than half the receipts. The cash premium was off to %c and there was not that demand of last ■week for corn to arrive. Exports were 146,000 bu, mostly from New York. Corn closed with a little recovery at 36%c September and 32%@32%c May. Vessel room was taken for 685,000 bu corn at l%c Buffalo rate. Provisions were a slow market all day. Pork started steady, but dropped back 25c for September, to $7.70, 15c for January to $lO.lO. Near the close the September price was 10c under last night at S9.So. Lard lost sc*selling $6.10 both months. Ribs sold off to $6.10 and Armour bought 1,000.000, and the price held later at $6.12%. Last prices were 10@15c low’er pork. 5@7%e lower lard and ribs. Quotations were: Articles— High. 1. w. close. Wheat—No. 2. Aug.2l.Aug.2o. Aug $ .63% $ .617 s $ .62% $ .63 Sept 64 .62% .62% .63% Dec 66V t .64% .65% .66 May 70% .69% .69% .70% Corn— Aug 36% .37% Sept 37% .36% .36% .37% Dec 31% .31% .31% .31% May 32% .32% .32% .32% Oats— Aug 20 .20% Sept 20% .19% .19% .20' Oct 19% .19% .19% .19% May 23% -22% .23 .23% Pork— Sept. 9.95 9.70 9.80 9.93 Oct 9.90 9.75 9.80 9.95 Jan. 10.25 10.10 10.17% 10.25 LardSept 6.15 6.10 6.10 6.15 Oct 6.22% 6.15 6.17% 6.22% Jan 6.10 6.05 6.10 6.15 Short ribs— Sept 6.15 6.10 6.10 6.17% Oct 6.20 6.12% 6.15 6.20 Jan 5.25 5.25 5.25 5.30

Chicago Produce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Apples, [email protected] per bbl. Vegetables —Cabbage, choice, 75c@£1.25 per 100; cauliflower, 25@50c per case; celery, 25c@$l per case; cucumbers, 25@50e per bbl; green peas, [email protected] per sack; onions, $1.25@2 per bbl; home-grown, 60c per 1%-bu sack; squash, 15@25c per crate: Lima beans, 25®30c per qt; string beans, green or wax, 30@35c per sack of iy 2 bu; sweet corn, 2@sc per doz; turnips, white, 25@30c per bu; tomatoes, 25@35c per crate of 4 baskets. Butter—Creameries, extra, 19c per lb; first, 18@18%.c; second, 15@16%c; third, 12@13%c; dairies, extra, 16%c; first, 14@15%c; second, 10@ll%c; imitation creameries, extra, 15c; ladles, first, ll@12c; second, 8%@9; packing stock, fresh, B%@9c; grease. 3@sc. Poultry—Turkeys, choice, 9c per lb; fair to good, 7c; chickens, hens, B%@ 9c; springs, 11c; ducks, fair to choice, B@9c; geese, s4@6 per dozen. Beans —Peas and navy beans, hand-picked, [email protected] per bu; good, clean, $1.60@ 1.70. Lima beans, California, $5.75@6 per 100 lbs. Cheese—Young Americas, choice, 7@7%c; twins, 7@7%c; Cheddars, 6%@7c; brick, 8c; limburger, B%c; Swiss, 12@12%c. Veal —Fancy calves, 8c per lb; fair to good, 7c; small, thin, 4%@5c; coarse, heavy carcasses, 4c. Eggs—Salable at ll%c per dozen when cases are returned, 12c cases included. New Potatoes —Bulk stock, 33 @36c. ' Sweet Potatoes—s3.so@6 per bbl. Wall Street. New York, Aug. 22. —The stock market opened firm on a fair volume of business. The railway list displayed a tendency to higher figures. Share values received a decided Impetus toward higher figures after 10:15. Speculation was strong. An attacic was made on Chicago Gas after 11 o’clock, which

forced that stock down 2 per cent, checked the improvement in the general list, and caused slight reactions in some of the shares dealt in. The market at 12 o’clock was steady, but dull. Money on call easy at 1 per cent Prime mercantile paper 3%@4% per cent. Sterling exchange easier and a shade lower, 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%@488%. Silver certificates, 67@67%; no sales. Bar silver, 66%. Mexican dollars, 53%. Government bonds firmer. Closing quotations were: Atchison 17% Manhattan 114 Am. Cotton Oil. 26 Missouri Pacific 383% Amer. Tobac.... 094 Michigan Cent.. 101% Baltimore & O Northern Pac... 5 Can. Pacific.... 53% North Pac Did.. 17% C. B. & Q 90% N. Y. Centrd.. 102 C. & St. L.. 49% Northwestern.. 102% Cordage N. Y. &N. E Chicago Gas 003%(N. American... 54% Chesap'k& 0.... 21J^iOmaha ~ 42 Del. & Hudson.. 131%' Omahapfd D. L. & W 16234j0nt. & Western 17% Dist Catl Fd C.. 20% Pacific Mail.... 28V Den & R G pfd Pullman Erie : Heading 18% East’n Illinois Rock Island.. . 81% East Tennessee IRichmond Ter Illinois Central. 101 (Silver Cer Jersey Central (Sugar Refinery. 108% Kan & Tex pfd.. 37;% j St. Paul 72;% Lead 353 s (St. Paul pfd L., N. A. & C.... 87% Texas & Pacific 12 L. & N.... 61 (Union Pacific Linseed Oil 30®4( Western Union. 93% Lake Erie & W.. 26 j Wabash L. E. &W. pfd. 77% | Wabash pfd.... 313% Lake Shore 151%: iWiscon’n Cent Government bonds stand at the following bid prices: Registered 25.... 96% Currency6s, '97.103 Registered 45... .1123% Currency 6s, ’95.106 Coupon 4s 11234 Currency 6s, ’99.109 Currency 6s, ’95.100 Coupon 5s Currency 6s, ’96.101 Registered 55... 1153%

I.lve Stock. Chicago, Aug. 21. —Cattle —Receipts, 17,000 head. Common to extra choice Woves from 1,000 to 1,650 lbs #ere salable at [email protected], but few sold at high prices, and the bulk went at [email protected], a few selling at [email protected]. The stocker and feeder trade continued active at $2.35@4, the better kinds ruling firm. Cows and bulls showed no change, and there were sales of bulls at [email protected], while cows and heifers brought [email protected]. Veal calves were not any too plentiful, and yesterday’s advance was maintained, sales being brisk at ss@6 for good to prime lots. Hogs—Receipts, 19,000 head. Some droves sold early at about yesterday’s figures, but the subsequent sales were at lower prices. Heavy hogs sold at [email protected], common to choice mixed at [email protected], and common to choice assorted light weights at $4.50@5. Sheep—Receipts, 13,000 head. There was a rather slow demand at weak prices, inferior to choice native sheep being salable-at [email protected], western at [email protected], and lambs at [email protected].

Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat —New York—Cash, 67%c; September, 67%c; December. 6975 C. St. Louis —September, 64% c; December, 66c. Duluth —Cash, 64%c; September, 6134 c. Minneapolis —Cash, 59%c; September, 59%;C. Baltimore —August. 66%c; September, 6G%c. Toledo —Cash, 67c; September, 67%c. Milwaukee — Cash, 61%c; September, 6234 c. Detroit —Cash, 66c; September, 6634 c. Corn —New York —September. 42%c; October, 41%c; May, 37%c. St. Louis September, 35%c; December, 2734 c. Baltimore —September, 44c. Liverpool. Liverpool, Aug. 21. —Wheat —Spot; No. 2 red winter, 5s 2%d; No. 2 red spring, 5s 5%d; No. 1 hard Manitoba, 5s 6d; No. 1 California, 5s 2%d. Futures: August, 5s l%d; September, 5s l%d; October, 5s 2d; November, 5s 2%d; December, 5s 2%d; January, 5s 3d. Corn—Spot; American mixed, new, 3s 9%d. Futures: August, 3s 9%d; September, 3s 9d; October, 3s 9d; November, 3s 9%d; December, 3s 9d; January, 3s 6d. Flour —St. Louis fancy winter, 7s.

Peoria. Peoria, Aug. 21.—Corn —No. 2,37 c; No. 3, 36%c. Oats —No. 2 white, 21%@ 22c; No. 3 white, 20@20%c. Rye —No. 2, new, 40c. Whisky—Firm, on the basis of $1.22 for highwines. Receipts —Wheat, 6,000 bu; corn, 45,450 bu; oats, 46,900 bu; rye, none; barley. 2,100 bu. Shipments —Wheat, 10,200 bu; corn, 16,500 bu; -oats, 43,050 bu; rye, none; barley, none. New York. New York, Aug. 21. —Butter—Receipts, 6,092 pkgs; western dairy, 9%@ 13c; western creamery, 13@20c; Elgins, 20c. Cheese —Receipts, 6,773 pkgs; state large, 5%@7%c; small, 6@B%c; part skims, 2%@5c; full skims, l%@2c. Eggs—Receipts, 6,267 pkgs; state and Pennsylvania, 14@15c; western, IS@ 14c. Coffee—No. 7, 16V 8 c. Toledo. Toledo, Q., Aug. 21. —Wheat —Cash and August, 67c; September, 67%c bid; December, 68%c; May, 72%c; No. 3 soft, 63%c. Corn —Cash and September, 39%c. Oats —Cash and September, 20%c.