People's Pilot, Volume 5, Number 12, Rensselaer, Jasper County, 12 September 1895 — BIG WHEAT RECEIPTS’ [ARTICLE]

BIG WHEAT RECEIPTS’

DEPRESSION IN PRICES AT CHICAGO CONTINUES. The December Option Close* 1 l-4c Lower —Corn Very Shaky and a New Low Record Made—Provisions Weak Day in Wall Street. Chicago, Sept. 11. —The wheat market went lower to-day than before. Northwest markets had 1,203 cars. Liverpool was heavy and lower. Continental cables were easier. Primary markets showed over 1,000,000 bu receipts, exceeding last year by 107,000. Export clearances were over 310,000 bu wheat and flour. New' York reported 24 boat loads worked for export at 11 o'clock. The Washington report was bullish so far as it had any influence. The trade figures total wheat yield around 4i)j.000,000 bu. But the selling out of long whaat, the short selling and the raiding to bring out a big line held by a leading commission house for outsiders went on just the same. The December price started 58% to 58%c and touched 58%c. The early break was to 58c, with a rally to 58%c. After midday the selling pressure returned and the price broke to 57%c nearly 14c off from the best point after opening. Wheat made no recovery and closed 57%@57%c for December. September was 2c under at 554 c; May at 61%e at low point. Export sales reported from New York were raised to 40 boat loads, but the adverse gold and financial situation more than offset this. Vessel room was taken here for 75,000 wheat. With 400 to 600 cars of corn a day coming from the last end of the half crop of 1894, there was no encouragement for holders in present crop prospects. The Government crop report for September lowered the average condition a few' points but the calculations still indicate something like 2,300,000,000 bu yield—about double as much as for 1894. Now that the crop is assured, that exports are falling off, that local shipments fall below' receipts almost daily and the country keeps on sending corn very freely, the holders are letting go. September sales w'ere at 32%c and 32%c early, and a break after 12 o'clock to 31. October sold down to 304 c, December to 27%c, while May opened 294 c and broke to 29c. Corn lost another fraction before the close, selling at 30%c September, 28" s c May. May closed 29c. Corn charters were 115.000 bu. Pork, lard and ribs sold low'er than on yesterday’s break. Pork got as low' as $8,074 October and $9.25 January, closing SB.IO and $9,324- Lard closed 24c under yesterday. Ribs opened $5.10. October, sold $5,174 at the close, January $4.75, closing $4.80. Quotations were: Articles— High. Low. Close.-—• Wheat—No. 2. Sept.ll.Sept.lo. Septs .564 $ -554 I -554 $ -564 Decsß% .574 -57% .58% May 62% .61% .61% .62% CornSept 32% -30% .30% .32% 0ct31% .30 .30% .31% Dec2B .27% .27% .28% May 29% .28% .29 .29% Oats — Septl9% .19 .19 .19% Octlß% .18% .18% .18% Declß% ,18% .18% May.2l% .20% .20% .20% Pork— Sept 8.05 8.17% Oct 8.20 8.07% 8.12% 8.25 Jan 9.37% 9.25 9.37% 9.40 Lard — Sept 5.72% 5.75 Oct 5.75 5.72% 5.75 7.77% Jan 5.75 5.70 5.72% 5.75 Short ribs— Sept 5.15 5.10 0ct5.17% 5.10 5.17% 5.12% Jan 4.82% 4.75 4.80 4.85

Chicago Pioduce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Aples, [email protected] per bbl. Vegetables —Cabbage, choice, 75c@|l per 100; cauliflower, 25@40c per case; celery, 25c@$l per case; cucumbers, 50c@$l pre bbl; green peas, |[email protected] per sack; onions, 25c per bu; squash, 15@25c per crate; Lima beans, 10@15c per qt; string beans, green, 50@60c per sack of 1% bu; wax, 75@90c; sweet corn, 2@ 5c per doz: turnips, white, 25@30c per bu, tomatoes, 15@35c per crate of 4 baskets. Beans —Pea and navy beans, hand picked, [email protected] per bu; good, clean, $1.40; Lima beans, California, |5.75@6 per 100 lbs. CheeseYoung Americas, choice, 7%@Bc; twins, 7@7%c; Cheddars, 6%@7%c; brick, 8c; Limburger, B%c; Swiss, 12@12%c. Potatoes, bulk stock, 23@30c. Sweet potatoes, [email protected] per bbl. ButterCreameries, extra, 20c per lb: first, 1 . @l9c second. 13@16c: third. 9' 11c; dairies, extra, 17c; first. !!■ 15%c; second, 10@ll%c; imitation creameries, extra, 15c; ladles, first. 11 @l2c; second, B%@9c; packing stock, fresh. B@B%c; grease, 3@sc. Live Poultry—Turkeys, choice, 9%@10c per lb: fair to good, 7%@9c; chickens. h< n . 8c; springs, 9c: ducks, fair to chop @9c; geese, s4@s per doz. Eggs E 1able at 14c per doz when cases r..r c turned, 14% @ 15c when cases are included. Veal—Fancy calves, 8c per . . fair to good, do, 6%@7c; small, ti...: 6c; coarse, heavy carcasses, s@s:_i Wall Street. New York, Sept. 11.—The ini ;?.’, .. of stocks were for the most part ; tionally below the closing pr: • yesterday. The grangers were estc ly weak, and at 10:15 the market c . tinued weak. The grangers after 1 ’ were the main point of attack ans tations at 11 a. m. recorded dec! m this group of % to 1% per cent. > . was accorded excellent supper; was rallied T s per cent. The gra.. Chicago Gas and Missouri Pad!, noon were conspicuous in the adv. . Money on call easy at 1 per . Prime mercantile paper sells at 5% per cent for choice names. Ste;..

exchange dull and firm, with actual business in bankers’ bills at 490 @490% for demand and 489@489% for 60 days; posted rates, 489@490 and 490@491; commercial bills. 458%. Silver certificates. 67%@67%; no sales. Bar silver. 67%. Mexican dollars, Government bonds steady. Closing quotations were: Atchison 21S, Manhattan 113% Am. Cotton Oil. 24 Missouri Pacific 39% Amer. Tobac.... 96 Michigan Cent.. 101% Baltimore & 0.. NorrneruPac Can. Pacific North Pacnfd.. 1S’ 4 C. B. & Q 88% N. Y. Central.. 103 C. &St. L.. 47% Northwestern.. 1041-4 Cordage 6% N. Y. &N. E Chicago Gas .... 62% N. American... 5% Chesap'k& 0.... 20% Omaha 42’ s DeL & Hudson.. 131% Omaha pfd. 120% D. L. & W 163’-, Out. & Western 17% Dist Catl Fd C.. 19% Pacific Mail.... 32% Den & R G pfd.. 53% Pullman 173% Erie 9% Reading 19% East'n Illinois Rock Island.. . 80% East Tennessee Richmond Ter Illinois Central Silver Cer 67‘ 4 Jersey Central..til ’. Sugar Refinery.lll% Kan & Texpfd.. 38% St. Paul 75% Lead 35 St. Paul pfd L., N. A. & C.... 9% Texas & Pacific 12% L. & N.... 63% I'eion Pacific.. 14% Linseed Oil Western Union. 93% Lake Erie &W Wabash 9% L. E. &W. pfd. ... Wabash pfd..., 24 Lake Shore 150’., Wiscon'n Cent Government bonds stand at the following bid prices: Registered 25.... 96% [Currency 6s, '97.104 Registered 45.... 111% Currency 6s, ’9B-107% Coupon 4s 112’., 'Currency 6s, ’99.109% Currency 65.'95.100 [Coupon 5s .... Currency 6s, '96. 101’.,'Registered 55.. .115% Live Stock. Chicago. Sept. 11. —Cattle—Receipts, 15,000; calves. 300. Sales of choice native shipping and dressed beef cattle were at [email protected], and common to good droves found purchasers at $3.50 @5.30, the bulk of the sales occurring at [email protected]. The stocker and feeder trade was again active at firm prices, sales ranging at [email protected], with some sales of very choice to extra feeders at [email protected]. Milkers and springers were wanted at $25@35 per head, and a few choice cows brought S4O. Butchers’ and canners’ stuff displayed fair animation at ruling prices, bulls selling freely at [email protected], while cows and heifers sold at [email protected]. principally at $1.65@3, few going above $3.35. Veal calves were neither plentful nor active, and prices were not any better, sales ranging at [email protected]. Hogs—Receipts, 15,000. Sales were largely at [email protected] for packing, and at [email protected] for shipping lots. Sales were at an extreme range of $3.70@ 4.30 for heavy, [email protected] for medium weights, [email protected] for mixed lots, and [email protected] for common to choice assorted light weights. Sheep—Receipts, 1,300. There was an active demand once more, native sheep selling on the basis of $1.50@ 1.75 for Inferior up to $3.50@4 for choice to fancy, with sales largely at [email protected]. Western range sheep were active at [email protected], the best being wanted for export. Lambs were in excellent demand at $3.10@5, the bulk of the sales being at [email protected]. Wheat and Corn. Closing prices of wheat and corn at the following named cities'were: Wheat New York September, 60%c; December, 63c; May, St. Louis —September, 57c; December, 58%c. Duluth —Cash, 54c; December, 55%c. Minneapolis—Cash, 54*4c; December, 53%c. Baltimore —September, 59*£c; December, 62%c. Toledo —Cash, September, SO’/gc. Milwaukee— Cash, 55%c; December, 57*£c. Detroit —Cash, 58c; December. 60%c. Corn—New York —September, 37c; October, 36%c; May, 34%c. St. LouisSeptember, 30c; December, 23%c. Bal-timore-September, 39c; year, 33%c. Liverpool. Liverpool, Sept. 11.—Wheat—Spot; No. 2 red winter, 4s 9d; No. 2 red spring, 5s y 2 d; No. 1 hard Manitoba, 5s %d; No. 1 California, 4s lid; futures, September, 4s 9%d; October, 4s 9%d; November, 4s 9%d; December, 4s lOtyd; January, 4s 10%d; February, 4s Corn —Spot; American mixed, new, 3s 5%d; futures, September, 3s sd; October, 3s 4%d; November, 3s sd; December, 5s 5%d; January, 3s 4d; February, 3s 2%d. Flour —St. Louis fancy winter, 6s 9d. • Peoria. Peoria, 111., Sept. 11.—Corn—No. 2, No. 3. 31c. Oats —No. 2 white, 20@20%c; No. 3, 18% @ 19c. RyeDull; nominal. Whisky—Finished goods on the basis of $1.22 for highwines. Receipts—Wheat, 3,000 bu; corn, 41.500 bu; oats. 51,250 bu; rye, none; barley. 3,500 bu. Shipments— Wheat 1,200 bu; corn, 10.150 bu; oats, 57,500 bu; rye, none; barley, 2,100 bu.

\>w York. New York, Sept. 11. —Butter—Receipts, 6,736 pkgs; western dairy. 9U @ 13c; western creamery, 14@21c; Elgins, 21c. Cheese —Receipts. 2.329 pkgs; large. 5 v 3 @7¥jc; small. 6gS’ t c; part skims, 214@6 1 4c; full skims. IVb @2c. Eggs—Receipts. 7.420 pkzs; state and Pennsylvania, 16< 7 17 c; we tern, 14 @l6c. Coffee —No. 8. 15"ic. T- 1- 10. To'-'lo. p io. - >•„ It. -WheatCash a: 1 fr.:«T.bir ’ ' s .?; D°ee.nh?r, i>J r sc; ?' y. 1.4?..c; j sc**:, 57'- 2 ._ ■ Wn- - . r, Cats—Cash, ► ’ rn n '*¥>’«•*:»* **d. \ ■ : . 1 1.-—Th? : . rim ... r ’ '• ■ //?. a : •- ) ■ • Semiay ;1 • •• '.J-4 • \ • *« .. V 4 t.X.i