People's Pilot, Volume 5, Number 19, Rensselaer, Jasper County, 31 October 1895 — HAS ANOTHER SLUMP. [ARTICLE]

HAS ANOTHER SLUMP.

WHEAT DECLINES 7-8 C ON WET WEATHER RUMORS. Ike flame Influence Make! the Corn Market Firmer —Hos Products Have a Good Rally —Closing Quotations in Wall Street. Chicago, Oct. 30. —Therewas a further break of %c in the price of wheat this morning. It was a cautious decline, and there were those who expected the tactics’of three weeks ago to be renewed —that is, entrapping me shorts on every drop of %c or more under 60c. The Northwest receipts were 1,228 cars, compared with 983 a wek ago and 760 a year ago. The primary movement was 1,492,u00 bu, compared with 763,000 bu last year, nearly double. The signal service indicated a further spreading of the rain area, and this was regarded as the breaking of the long drouth. Bradstreet’s exhibit of world’s stocks at midday was not outside of expectations. World’s stocks were increaser’ '*”7.000 bu. Foreign stocks wer-» reduced RR4.000 to be deducted from the 5,250,000 increase east of the Rockies. Export clearances reached 330,000 bu of wheat and flour from four points. There was some indication of general liquidation for December. From 59%c at the opening, December sold off to 59c, rallied to 59%c, then 58%c to 59%c, and later off to 58%@58%c. The May sold 63%c and 63c. j Hog products have found friends at last. People who were selling pork under $9 yesterday were buying it over $9 to-day. Other products were also advanced. January pork opened 7%c up at $9.02%, and sold at $9.12%, closing 15c higher at $9.10; May $9.40. ■Lard gained 10c at [email protected]% January and May. Ribs gained 7%c at $4.60 @4.80 same months. There was some snap to the corn trade this morning. Chicago stock of corn was very Hght. The November delivery is close at hand. The shipments exceed receipts and stocks will be cut still lower. The rains over Kansas and promised for other states had the effect of suggesting safety in covering by shorts. Bradstreet’s reduced available stocks over 2,000,000 bu. There was buying for December and selling for May. The November price was run up %c to 29%c. The December was also up %c at 27%c. May sales at same time were at 29%c to 29%@29%c. Receipts were 354 cars and estimated for to-morrow 400. Corn closed firm at 29%c November, 27%c December, 24%c May. Charters were liberal at 350,000 bu, former Buffalo rate. Wheat sold at 58%c and closed 58% @sß%c December and closed 63c for May. Cash lots of wheat sold here at December price for No. 3 spring and at better than May price for No. 2 red. New York reported ten loads sold for export. Local charters were 91,000 bu. Quotations were: Articles. High. Low. Close. Wh’t-No. 2. Oct. 30. Oct. 29. Oct. ...$ .58% $ .57% $ .57% $ .58% Decs9% .58% .58% .59% May... .63% .63 .63 .63% Corn—--0ct30% .29% .30 .29% N0v29% .29% .29% .29% Dec 27% .27% .27% .27% May... .29% .29% .29% .29% Oats— Octlß% .18 Declß% .18% .18% .18% May ... .20% .20% .20% .20% Pork— Oct 8.05 7.95 Jan. ... 9.12% 9.00 9.10 8.95 May ... 9.40 9.30 9.40 9.25 Lard— Oct 5.52% 5.42% Jan. ... 5.70 5.62% 5.70 5.60 May... 5.87% 5.82% 5.87% 5.77% S. Ribs — Oct 4.40 4.35 Jan. ... 4.60 4.52% 4.60 4.52% May ... 4.80 4.75 4.80 4.72%

Chicago Pioduce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Apples, [email protected] per brl. Live poultry—Turkeys, choice, hens, 7%c per lb; springs, 7%c; chickens, hens, 6%c; springs, 7@7%c; ducks, fair to choice, 9c; geese, [email protected] per dozen. Vegetables—Cabbage, choice, [email protected] per 100; cauliflower, [email protected] per doz; eelery, 20@25c per case; cucumbers, 75c per brl; onions, 24@30c per bu; Lima beans, 18@20c per qt; string beans, green, [email protected] per box of two-thirds bu; wax, 75@90c; sweet corn, 2@sc per doz; tomatoes, [email protected] per bu basket. Butter—Creameries, extra, 21c per lb; first, 17@19c; second, 14@17c; third, 9 @llc; dairies, extra, 18c; first, 13%@ 14%; second, 9@llc; imitation creameries, extra, 15c; ladles, first, ll@12c; second, B%@9c; packing slock, fresh, 7%@9c; grease, 4@sc. Beans—Peas and navy beans, hand-picked, $1.20@ 1.25 per bu; good, clean, [email protected]; Lima beans, California, [email protected] per 100 lbs. Cheese —Young Americas, choice, 9@9%c; twins, B@9c; Cheddars, B@B%c; brick, 8c; Llmburger, 7%@Bc; Swiss, 10@10%c. Potatoes—Burbanks, 18@24c; Hebrons and Rose, 17@22c; mixed, 16@20c. Sweet potatoes—sl.oo @2.75 per brl. Veal—Fancy calves, 7@ 7%c per lb; fair to good do, 6%c; small, thin, 6c; coarse, heavy carcasses, 5@ 5%c. Eggs—Salable at 16%c per doz when cases are returned; cases included, 17%e. Wall Street. New York, Oct 30. —The stock market opened active and weak. The reactionary movement was checked about 10:30 o’clock, and a good rally occurred. The market at 11 waa less animated but

steady. The speculation became !Preffular after 11 o’clock. The grangers laid several other shares receded fractionally, while Sugar, Reading, Chicago Gas and other prominent stocks advanced slightly. Near noon the general market displayed a tendency to lower figures. At midday the entire list was running off. Money on call nominally 2@2% per lent. Prime mercantile paper, 4@5% per cent Sterling exchange firm at an advance of %d, with actual business in bankers’ bills at 438%@489 for demand and 487%@488 for sixty days; posted cates, 488@488% and 489@489%. Commercial bills, 487. Silver certificates, 68%@68%; no sales. Bar silver, 68. Mexican dollars, 54. Government bonds steady. Closing quotations were: 'Atchison 18% Manhattan .... 105% Am. Cotton Oil Missouri Pacific 80% Amer. Tobac.... 90 Michigan Cent Baltimore A 0.. 60 Northern Pae... 5 Can. Pacific North Pac ofd.. 17 C. B. & Q 84 N. Y. Central C.,C.,C.&5t.L.. 41% Northwestern. .105% Cordage 7% N.Y. AN. B Chicago Gas ...-. 67% N. American... 4% Chesap’k A 0.... 19% Omaha 42 Del. & Hudson.. 131% Omaha pfd D L & WOnt. & Western 17% Dirt Catl Fd C.. 22% Pacific Mail.... 80% Den & R G pfd.. 49% Pullmanl7l Erie lz% Reading 14% East'n Illinoisßock Island.. . 75% East Tennessee. Richmond Ter Illinois Central. . .. Silver Cer Jersey Central.. 109% Sugar Refinery. 102% Kan & Tex pfd.. 32% St Paul 75% Lead 82 St. Paul pfd.... 126 L, N. A. AC.... 8% Texas A Pacific 9% L&N 58% Union Pacific.. 13 Linseed Oil Western Union. 90% Lake Brie A W.. 22 Wabash LB. AW. pfd. 75 Wabash pfd.... 20% Lake Shora .... 150 Wiscon*n Cent Government bonds stand at the following bid prices: Registered 25„.. 97% Currency 6s, ’97.104% Registered 45... .111% Currency 6s, ’98.108 Coupon 45111% Currency 6s, ’99.110 Currency 6s. *95.100 Coupon os Currency 6s, ’96 102 Registered 55.,, 114% Live Stock. Chicago, Oct. 30.—Cattle— Receipts, 19,000 head; calves, 145 head. Common lota sold at [email protected], but the proportion of cattle that went below $3.85 was small, and the bulk sold at [email protected], very nice lots selling around $4.50. The Stocker and feeder trade has fallen off this week, but prices have kept up, and sales continue to be made at $2.30@ 3.90. Butchers’ and canners’ stuff sold badly, prices ruling weak to 10c lower In most cases. Cows and heifers sold chiefly at [email protected], and bulls went ■mainly at [email protected], while calves were again, rather scarce and firm at $4.75@ 6.15 for the better class of stock. Hogs—Receipts, 35,000 head. Sales were at an extreme range of [email protected] for common to choice droves of hogs. The average quality was none too good, and great numbers of pigs were received, the bulk of which sold at s3@ 3.35. Packing hogs sold largely at $3.45 @3.55, and shipping droves went chiefly at [email protected]. Heavy hogs sold the best, and light weights averaged 5c lower, with a poor demand. Pigs declined sharply. Sheep—Receipts, 15,000 head. Sales were on a basis of [email protected] for inferior natives, $1.75@2,75 for common to fair and [email protected] for choice to extra. Western range sheep were in rather good demand at [email protected], and lambs sold freely at [email protected] for common to choice. Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat —New York —December, 66%c; May, 69%c. St. Louis—October, 58%c; December, 59%c; May, 64%c. DuluthCash, 56c; December, 55%c. Minneapolis —Cash, 53%c; December, 53%c; Bal-timore-October, 66%c; December, 67c. i Toledo —Cash, 66%c; December, 67c. I Milwaukee—Cash, 56%c; December, 1 &B%c. Detroit —Cash, 64%c; December, 65%c. Corn —New York —October, 37c; November, 36%c; December, 35%c; May, 36%c. St. Louis —October, 27c; December, 24%c; May, 26 %c. Baltimore —October, 37%c; year, 34c. Liverpool. Liverpool, Oct. 30—Wheat— Spot; No. 2 red winter, 5s 5%d; No. 2 red spring, stocks exhausted; No. 1 hard, Manitoba, stocks exhausted; No. 1 California, 5s 6%d. Futures, October, 5s 4%d; November, 5s 4%; December, 5s 5%d; January, 5s 5%d; February, 5s 5%d; March, 5s 6d. Corn— Spot; American mixed, new, 3s %d. Futures; October, 3s 4%d; November, 3s sd; December, 3s 4%d; January, 3s 3%d; February, 3s 3%d; March, 3s 3%d. Flour —St. Louis fancy winter, 7s. Peoria. Peoria, Oct. 30.—Corn—No. 2,29 c; No. 3, 28%c; new No. 3, 26%c. Oats —No. 2 white, 18%@18%c; No. 3 white, 17%@ 17%c. Rye—Nominal. Whisky—Finished goods on the basis of $1.22 for highwines. Receipts—Corn, 53,900 bu; oats, 83,750 bu; rye, 600 bu; whisky, none; wheat, 4,800 bu. Shipments— Corn, 18,000 bu; oats, 80,000 bu; rye, 1,800 bu; whisky, 939 bbls; wheat, 3,600 bushels. New York. stew York, Oct. 30.—Butter—Receipts, 4,989 pkgs; western dairy, 10@ 15c; western creamery, 15@23c; Elgins, 23c. Cheese— Receipts, 4,958 pkgs; large, 7@10%c; small, 7%@11%c; part skims’ 8%@7%c; full skims, 2%@3c. Eggs—Receipts, 5,904 pkgs; state and Pennsylvania, 21@22c; western, 18@ 20c. Coffee—No. 7, 15%c. Toledo. . Toledo, Ohio, Oct. 30.—Wheat— Quiet; cash and October, 66%e; DeMMtber, 67c; May, «B%c; No. 3 soft, Corn —Cash, 32c; No. 3 new, We. Oats—Cash, 20 %c; nominal.