People's Pilot, Volume 5, Number 18, Rensselaer, Jasper County, 24 October 1895 — NO CHANGE IN PRICE [ARTICLE]

NO CHANGE IN PRICE

CHICAGO WHEAT MARKET VERY DULL. For the Third D«y the Cloflai Quotation X* the Same—Dry Weather StUl a Factor—Squeeze In October Corn — Provision* Sell Higher. Ch'cago, Oct. 23. —There was the same effort by the local trade to depress the wheat market as witnessed yesterday. For the entire morning the December price was between 60*4c and 60%c, the May between 64%c and 64%c. Four different times the selling was checked at 60%c for the leading month. The drouth continues so general as to be the chief support in the market. The morning public cable was steady for Liverpool wheat. Later private cables were easier. The Northwest receipts for some reason were much lighter at 983 cars, about the same as last year. On the other hand the primary points showed 1,370,000 bu receipts. The Chicago receipts are climbing to a point where they are getting as much notice as the Minneapolis and Duluth movement. For the day local receipts were 335 cars. The estimate for tomorrow is heavier at 410 cars. Export clearances for the day were a help to buyers. New York cleared 323,000 bu wheat, the four posts 420,000 wheat and f»>ur. Duluth showed great shipments of 481,000 bu in 24 hours. The 6d advance in English country markets more than offset the easier cable on wheat futures. After midday the local selling pressure caused a loss of a fraction md December price touched 60%c, May *4 y*. For the third day the trade failed to get the December wheat past the 60c mark, although there was great effort to start a break under this point. On the late selling the price touched 60@ 60%c, the May 64%@64%c. New York reported 30 boat-loads sold for export, and the market hardened to 60*4 @ 60%c and 64%@64%c, a shade over last night. There was a very clever move on the part of a few corn houses this morning. They had corn which they preferred to sell rather than ship. They bought a few “fives” for October and November, and caused the shorts to think there might be a squeeze. The October price was thus worked up to 31%, more than lc over last night. At the advance one house sold 60,000 bu for October, another 75,000 and the total was considerable, all of which had %c to lc profit because of the bulge. The lighter receipts of 293 cars, the heavy shipments of 384,000 bu helped the bulge along. The charters of 425,000 bu yesterday were likely to be followed by heavy engagements today. The May opened 29%c and sold 29%@29%c, and settled back to 29%c again. This represented the new crop speculative market. There was some natural recovery in provisions for the day. January pork firmed from $9.10 last night to $9.25, closing $9.22%. Lard was up 5c at the close. Ribs sc. Quotations were: Articles. High. ■ Close. Wh’t.-No. 2. Oct. 23. Oct. 22. Oct. ...$ .59% $ .59 $ .59% $ .59% Dec 60% .60 .60% .60% May... .64% .64% .64% .64% Corn — Oct. ... .31% .30% .31% .30% Dec 28% .28 .28% .27y 8 May... .29% .29% .29% .&9% Oats — Oct 18% .18% .18% .17% Dec 18% .18% .18% .18 May ... .20% .20% .20% .2(j% Pork — Oct 8.15 8.05 Jan. ... 9.25 9.15 9.22% 9.10 May ... 9.55 9.45 9.52% 9.37% Lard — Oct. ... 5.55 5.55 5.55 5.50 Jan. ... 5.67% 5.62% 5.67% 5.60 May ... 5.85 5.80 5.85 5.77% S. Ribs— Oct. ... 4.72% 4.67% 4.70 4.72% Jan. ... 4.70 4.62% 4.65 4.60 May ... 4.87% 4.82% 4.85 4.80

Chicago Fiodnce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Applies, 75c@$2 per bbl. ButterCreameries, extra, 20c per lb; first, 17 @l9c; second, 14@17c; third, 9@llc; dairies, extra 18c; first, 13%@14%c; second, 9@llc; imitation creameries, extra, 15c; ladles, first, ll@12c; second, B*£@9c; packing stock, fresh, 7%@9c; grease, 4@sc. Vegetables—Cabbage, [email protected] per 100; cauliflower, 75c@$l per doz; celery, 20@25c per case; cucumbers, 75c per bbl; onions, 24@30c per bu; Lima beans, 18@20c per qt; string beans, green, $1.50@2 per box of 2-3 bu; wax, 75@90c; sweet corn, 2@sc per doz; tomatoes, 75c@$l per bn basket. Live poultry—Turkeys, choice, hens, B%c per lb; springs, B%c; chickens, hens, 7%c; springs, B%c; ducks, fair to choice, 9c; geese s4@s doz. Beans—Peas and navy beans, hand-picked, $1.20@ 1.25 per bu; good, clean, [email protected]. Lima beans, California, $5.75@6 per 100 lbs. Cheese —Young Americas, choice, 9@9%c; twins, B@9c; Cheddars, 8@ B%c; brick, 8c; limburger, 7%@Bc; Swiss, 10 @ 10%c. Potatoes Burbanks, 17@22c; Hebrens and rose 17 @ 21c; mixed, 17@20c. Sweet potatoes, $1 @2.75 per bbl. Veal —Fancy calves, 7%c per lb; fair to good do, 6%c; small, thin, 6c; coarse, heavy carcasses, 5@ 5%c. Eggs—Salable at 16c per doz when cases are returned; cases included, 17c. Wall Street. New York, Oct. 23. —The initial prices where changed were generally a fraction below yesterday’s final sales. The trading up to 10:15 o’clock was light. There was a slight stiffening in market values before 11 with the grangers, Sugar. Chicago Gas end Tennessee

Coal most prominent in the movement. The dealings continued dull. The speculation In bonds was also meager In volume. A downward trend in prices set In soon after the first hour. The market at 12 o’clock was steady at the low point. Money on call nominally 2 per cent Prime mercantile paper, 4%<g>6 per cent. Sterling exchange firm, with actual business in bankers*,Mils at 488% 488% for demand anfi. sixty days; posted rateC 487%@488% and 488%@489%. Commercial bills, 486%, Silver certificates, sales, $13,000 atj 68%. Bar silver, 67%. Mexican dollars, 54. Government bonds steady. Closing quotations were: Atchison 20% Manhattan .;.. 107% Am. Cotton Oil Missouri Pacific 84% Amer. Tobae.... 98% Michigan Cent.. 100 Baltimore & O Nori hern Pac... 4% Can. Pacific North PacDfd.. 18% C. B. & Q 85% N. Y. Central.. 100% C. &St. L.. 42% Northwestern.. 106% Cordage 7% N. Y. & N. E. Chicago Gas .... 68% N. American... 4% Cbesapkft 0.... 18% Omaha 48 Del ft Hudson.. 181% Omaha pfd 122% D. L. & W Ont. ft Western 17% Diet Catl Pd C.. 28% Pacific Mail.... 28% Den ft R G pfd.. 52% Pullman Erie 13% Reading 19% East’n Illinois Rock Island.. . 76% East Tennessee. Richmond Ter Illinois Central Silver Cer 68% Jersey Central..lll Sugar Refinery. 105% Kan ft Tex pfd.. 34 St. Paul 76% Lead 38% St. Paul pfd.... 126% L., N. A. ft C.... 9 Texas ft Pacific 9% L. ft N 60% Union Pacific.. 18% Linseed Oil. Western Union. 91% Lake Erie & W.. .. Wabash... 8% L. E. ft W. pfd. 77% Wabash pfd.... 21% Lake Shore ....150% Wlscon’n Cent.. 5% Government bonds stand at the following bid prices: Registered 25.... 91% Currency 6s, ’97.104% Registered 45... .111% Currency 6s. ’99.108 Coupon 4s 111% Currency 6s, W.llO Currency 6s, ’95.100 Coupon 5s Currency 6s, ’9ft 102 Registered 55., .114% Live Stock. Chicago, Oct. 23. —Cattle —Receipts, 18,000; calves, 145. Sales were on a basis of [email protected] for common to strlQtly choice native dressed beef and shipping steers. There was fair activity in stockers and feeders at the reduced prices, sales being largely at [email protected] for steers weighing from 600 to 1,230 lbs, with some cattle averaging over 1,300 lbs at $3.45. Cows sell at [email protected]. Bulls sold again fairly at [email protected] and choice calves were scarce and advanced to $6.10@ 6.20. Hogs—Receipts, 30,000. Sales were largely at [email protected] for packing and at $3;[email protected] for shipping droves, common to prime lots going at [email protected], as against $4.40@5 a year ago, $6.10@ 6.82% two years ago, [email protected] three years ago and [email protected] four years ago. Pigs were plentier, the greater part coming from Illinois, and they sold chiefly at [email protected]. Sheep—Receipts, 14,000. The call for feeders was especially good at $2.65 @2.90. Inferior to prime sheep were in demand at [email protected], few going higher than $3, and westerns sold at $2.70 @3 for good flocks, while lambs sold at [email protected] for common to prime. Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat —New York —October, 66%c; December, 67%c; May, 70%,c. St. Ixiuis —October 59%c; December, 61%c; May, 66%c. Duluth — 57%c; December, 56%c. Minneapolis—Cash, 55c; December, 54%c. Baltimore October, 65%c; December, 67%c. Toledo —Cash, 67%c; December, 68c. Milwaukee — Cash, 58c; December, 59%c. Detroit — Cash, 65%c; December, 66%c. Corn — New York —October, 38%c; December, 35%c; May, 35%c. St. Louis —October, 27c; December, 24%c; May, 26%c. Baltimore —October, 37%c; year, 34%c. Liverpool. Liverpool, Oct/ 23.—Wheat —Spot No. 2 red winter, 5s 4d; No. 2 red spring, stocks exhausted; No. 1 hard Manitoba, 5s 4d; No. 1 California, 5s 6d. Futures —October, 5s 3%d; November, 5s 4d; December, 5s 5%d; January, 5s sd; February, 5s 5%d; March, 5s 5%d. Corn— Spot American mixed, new, 3s 5%d. Futures —October, 3s 5%d; November, 3s 6d; December, 3s 6d; Janury, 3s 4d; February, 3s 4d; March, 3s 4d. Flour —St. Louis fancy winter, 7s. Peoria. Peoria, 111., Oct. 23. —Corn —Firm, higher; No. 2, 30%c; No. 3, 29%c; new No. 3, 26%c; new No. 4,28 c. Oats — Steady, strong; No. 2 white, 18%@19c; No. 3 do. 17%@17%c. Rye—Nominal; No. 2, 39@40c. Whisky—Firm; finished goods on the basis of $1.22 for highwines. Receipts—Wheat, 3,000 bu; corn, 52,550 bu; oats, 41,250 bu; barley, 13,300 bu. Shipments—Wheat, 3,000 bu; corn, 27,750 bu; oats, 81,250 bu; rye, 600 bu; barley, 6,300 bu. New York. New York, Oct. 23. —Butter —Receipts, 7,373 pkgs; western ‘dairy, 10@15c; western creamery, 16@23c; Elgins, 23c. Cheese— Receipts, 4,979 pkgs; large, 7@9%c; small, 7%@10%c; part skims, 3%@7%c; full skims, 2%@ 3c. Eggs— Receipts, 6,400 pkgs; state and Pennsylvania, 20@21%c; western, 18@20c. Coffee —No. 7, 15%c; nominal. Toledo. Toledo, Ohio, Oct. 23.—Wheat—Cash and October, 67%c; December, 68c bid; May, 69%c bid; No. 3 soft, 64c. Corn — Cash, 32%c. Oats —Cash, 20%c, nominal. Charged with Embezzlement. Rock Island, 111., Oct, 23.— Joseph Murphy, formerly keeper of records and seal of Meropolitan Lodge, K. of P., has been arrested for embezzlement He was expelled a few months ago, when his stealing was discovered, and the matter hushed up. Now it is found he has been receiving money right along In dues from members living out of the city. Murphy says gambling and drink did it