People's Pilot, Volume 5, Number 14, Rensselaer, Jasper County, 26 September 1895 — MARKET KEPT STEADY [ARTICLE]

MARKET KEPT STEADY

CRAIN PRICES AT CHICAGO AVERAGE FIRM. Legitimate Bear News Overlooked by Traders—Visible Supply Report a Surprise —Corn Market Heavy —Provisions Higher —In Wall Street. Chicago, Sept 23. —The opening in wheat was at a decline and the bearish feeling in the trade with the bear news at hand, and expected for the day created an impression that a further break was almost certain. Northwest receipts were 1,655 cars, Minneapolis alone had 1,173 cars, and the two markets exceeded same time last year by more than 400 cars. Liverpool came heavy and lower. Private cables said Liverpool wheat futures l%d lower because of heavy shipments. The Russian and American shipments amounted to about 5,000,000 bu last week. It was evident that the world’s holdings for Europe last week must aggregate between 7,000,000 and 8,000,000 bu. Besides the estimate on Saturday was for 3,000,000 bu increase in visible supply. This was where the trade got fooled. Minneapolis Increased 1,000,000 bu ae expected. But Duluth Increased only 318,000, Chicago only 148,000 and New York decreased nearly as much afloat as the stocks increased in store. When the official figures were all in the visible supply increase was but 1,293,000 bu, less than half expected. The lake showed a decrease for the week of 614,000 bu. Detroit reported New York buying wheat cargoes. St. Louis reported good shipments wheat and flour. The winter wheat markets were a bull Influence again. The market showed %c rally from the low point before midday. December sold 57%c to 57%c on down-turn at opening, firmed the first hour to 58%c, held around 58c until the visible exhibit put the price to 58%c, Although the English visible supply was increased 800,000 bu the wheat on ocean passage increased 560,000 bu; the export clearances for the day were light at 146,000 wheat and flour yet the market held an hour before the close at the Saturday price, 58%c bld for December. Wheat was surprisingly strong again at the close. The December got up to 58%c and after official close sales were as high as 58%c. There was a narrow market in corn. The withdrawals of 470,000 bu and the shipments of 442,000 bu no doubt caused the early bulge in September and October prices. Then the Argentine shipments of 1,200,000 bu last week were confirmed. The visible supply of corn increased 477,000 bu. Corn on ocean passage decreased 640,000 bu. Corn closed at bottom prices for the day at 31 Me September, 30%c October, 27%@27%c December, 28%@28%c May. Charters were 180,000 bu. Quotations were: Articles. High. Low; Close. Wh’t-No. 2 Sept. 23. Sept. 21. Sept. ..? .57% | .57% $ .57% | .57% Decsß% .57% .58% .58% May ... .62% .61% .62% .62 Corn — Sept. .. .32 .31% .31% .31% Oct3l .30% .30% .30% Dec2B% .27% .27% .28 May ... .29% .28% .28% .28% Oats — Sept. .. .19% .18% .18% .19% Octlß% .18% .18% .18% May ... .20% .20% .20% .20% Pork — Sept 7.85 7.85 Oct. ... 7.95 7.87% 7.90 7.90 Jan. ... 9.42% 9.35 9.37% 9.85 Lard — Sept 5.80 5.80 Oct. ... 5.80 5.77% 5.80 5.80 Jan. ... 5.80 5.77% 5.80 5.77% S. Ribs— Sept. 5.00 5.00 Oct. ... 5.07% 4.95 5.00 5.05 Jan. ... 4.87% 4.82% 4.85 4.80

Chicago Pioduce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Aples, 75c@|1.40 per bbl. Vegetables —Cabbage, choice, 75c@|1.25 per 100; cauliflower, 25@40c per case; celery, 25c@$l per case; cucumbers,soc@|l per bbl; onions, 20@25c per bu; Lima beans, 10@15c per qt; string beans, green, 50@>60c per sack of bu; wax, 75@90c; sweet corn, 2@sc per doz; tomatoes, 15@35c per crate of 4 baskets. Beans —Pea and navy beans, hand picked, |[email protected] per bu; good, clean, |[email protected]; Lima beans, California, |5.75@6 per 100 lbs. Cheese — Young Americans, choice, twins, Cheddars, 6%@7%c; brick, 8c; Limburger, B%c; Swiss, 10@10%c. Potatoes, bulk stock, 23@28. Sweet potatoes, |2.50@ 4.75 per bbl. Butter —Creameries, extra, 20y z c per lb; first, 18Vfe@20c; second, 13@16c; third, 9@ 11c; dairies, extra, 17c; first, 14@ 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 hens, 10c per lb; springs, 10@llc; chickens, hens, 8*&c; springs, 9%@10c; ducks, fair to choice, B@9c; geese, s4@s per doz. Eggs —Salable at 13%c per doz when cases are returned, 14@14%c when cases are included. Veal —Fancy calves, 8c per lb; fair to good do, 6%@7c; small, thin, 6c; coarse, heavy carcasses, 5@ 5%c. Wall Street. New York, Sept. 23. —The stock market opened strong and active, with the leading shares fractionally higher. There was no check to the improving tendency to speculation after 10:15, and aside from fractional gains in the leading shares Cordage guaranteed rose 1% per cent. Cordage preferred 1% an z

towa Central preferred 1 per cent Pacific Mail was rather heavy, and at 11 a. m. was down % per cent. The general market after 11 a. m. ruled lower, the decline being attributed to realising sales. The market at noon was dull and steady at concessions noted. Money on call easy at 1%@2 per cent. Prime mercantile paper 4@5 per cent. Sterling exchange weak, with actual business in bankers’ bills at 499 @489% for demand and 488@488% for sixty days. Posted rates 488%@489% and 489%@490%. Commercial bills 487%; silver certificates, 67@67%; bar silver 66%; Mexican dollars 53%. Government bonds steady. Closing quotations were: Atchison 28%iManbattau ....112 ” Am. Cotton Oill Missouri Pacific 39% Amer. Tobac. ...100% Michigan Cent.. 101 Baltimore & 0.. 64,% Northern Pac... 5%' Can. Pacific ... 58% North Pacofd.. 19% C. B. & Q 87% N. Y. Central C. &St. L.. 47 Northwestern. .105% Cordage 8% N. Y. &N. E Chicago Gas .... 71 % -N. American Chesap k& 0.... 20% Omaha 44 Del. & Hudson.. 133 Omaha pfdl2l M D. L. & W 169% Ont. & Western 18% DlstCatl FdC.. 21% Pacific Mail.... 32% Den &R G pfd.. 54 Pullmanl73% Erie 13 Reading 20% East’n Illinoisßock Island.. . 79% East Tennesseeßichmond Ter Illinois Central Silver Cer Jersey Central.. 118% Sugar Refinery. 109% Kan & Texpfd.. 88% St. Paul 78% Lead 36% St. Paul pfd L., N. A. & C.... 9% Texas & Pacific 12j£ L. & N 64%‘Union Pacific Linseed Oil 25% Western Union. 92% Lake Erie & W.. 25% Wabash 9% L. E. & W. pfdWabash pfd.... 24% Lake ShoreWiscon’n Cent Government bonds stand at the following bid prices: Registered 25.... 96% Currency6s, ’97.104% Registered 45... .111% Currency 6s. ’98.108 Coupon 45112% Currency 6s, ’99.110 Currency 6s, ’95.100 Coupon 5s Currency 6s, ’96 101% Registered 55., .115% Live Stock. Chicago, Sept. 23. Cattle—Receipts, 20,000. Common to extra beeves adapted to the requirements of dressed beef firms and eastern shippers were salable at |[email protected], with sales principally at |[email protected]. Stockers and feeders opened active and firm at [email protected]. Cows were active and steady, with sales all the way from [email protected] for canning lots up to [email protected] for good to choice cows and heifers. Bulls sold at [email protected] for bolognas, at |2.40@ 2.75 for feeders, and at |[email protected] for bulls for export. Calves were unchanged, with a moderate supply. Hogs—Receipts, 25,000. At the decline of 10@20c that was established Saturday trade was very good, Chicago packers making the bulk of their purchases at $3.85@4, while shippers bought chiefly at [email protected]. Common to choice heavy sold at |[email protected], light at [email protected], and pigs at $3.25@ 4.15. Sheep—Receipts, 22,000. About onehalf of the supply consisted of lambs, chiefly from the ranges, and prices averaged 10@15c lower, with fairly large sales at |[email protected] for poor to prime. Sheep were about steady at |[email protected] for natives, with sales chiefly at [email protected]. Western sheep were salable at [email protected], most of the sheep received hailing from the ranges.

Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat —New York September, 61%; December, 64c; May, 67%c. St. Louis —September, 57%c; December, 59%c. Duluth—Cash, 55%c December, 56%c. Minneapolis—Cash, 54c; December, 54%c. Baltimore —September, 61%c; December, 63%c. Toledo—Cash, 64c; December, 63%c. Milwaukee — Cash, 57%c; December, 58%c. Detroit —Cash, 62%c; December, 63%c. Corn—New York—September, 37%c; October, 37%c; May, 34%c. St. LouisSeptember, 28%c; December, 24c. Bal-timore-September, 39%c; year, 34%c. Liverpool. Liverpool, Sept. 23.—Wheat—Spot, No. 2 red winter, 4s lOd; No. 2 red spring, 4s lid; No. 1 hard Manitoba, ss; No. 1 California, 4s lid. Futures, September, 4s lOd; October, 4s lOd; November, 4s 10%d; December, 4s 10%d; January, 4s ll%d; February, 4s ll%d. Corn—Spot, American mixed new, 3s 6%d. Futures, September, 3s 6d; October, 3s 4%d; November, 3s 4%d; December, 3s 5%d; January, 3s 3d; February, 3s 4%d. Flour—St. Louis fancy winter, 6s 9d. Peoria. Peoria, Sept. 23.—Corn—No. 2, 31%c; No. 3,31 c. Oats —No. 2 white, 21@ 21 %c; No. 3 do, 19@19%c. Rye—Nothing doing. Whisky—Finished goods on the basis of 11.22 for highwines. Receipts—Wheat, 4,800 bu; corn, 44,250 bu; oats, 93,750 bu; rye, 600 bu; barley, 7,000 bu. Shipments—Wheat, 4,800 bu; corn, 32,150 bu; oats, 129,000 bu; rye none; barley, 2,800 bu. New York. New York, Sept. 23.—Butter—Receipts, 8,704 pkgs; state dairy, 12@19%c; state creamery, 21@22c; western dairy, 9%@13c; creamery, 13@22c; Elgins, 22c. Cheese —Receipts, 8,017 pkgs; large, 5%@7%c; small, 6@B%c; part skims, 2%@6c; full skims, 2c. Eggs—Receipts, 9,140 pkgs; state and Pennsylvania, 16@17c; western, 16@16%c. Toledo. Toledo, Ohio, Sept. 23.—Wheat—Cash September, 64c; December, 64%; May, 66%; No. 3 soft, 60%c. Corn —Cash, 34%c. Oats —Cash, 21c. Holme* Plead* Not Guilty. Philadelphia, Sept. 23.—Herman M. Mudgett, alias H. H. Holmes, was arraigned before Judge Fineletter in the court of oyer and terminer this morning on the indictment charging him with the murder of Benjamin F. Pitzel on Sept. 2, 1894. Upon the advice of his counsel the prisoner pleaded not guilty. The trial was set for Monday. Oct. 28.