People's Pilot, Volume 5, Number 23, Rensselaer, Jasper County, 12 December 1895 — RUN BY THE BEARS. [ARTICLE]

RUN BY THE BEARS.

CHICAGO MARKET UNDER THgIR CONTROL. Wheat Hh a Decline of 3-8 e for the Day—Good Cash Demand ReportedCorn Weak — Provisions Lower Lire Stock Re pert. Chicago, Dec. 11. —May wheat closed at 6114 c, May corn at 28%c, May oats at 19 %c. May pork at $8.70, May lard at $5.42 % and May ribs at $4.42%. Wheat ruled extremely dull and wellnigh featureless, but weakness prevailed most of the session. News was scarce and unimportant but in the main seemed to favor lower prices. The pacific conditions abroad has taken the war question well out of the trade as an influencing element, and the English wheat market was quoted lower, while domestic markets were all inclined to weakness. The government crop report, while apparently bullish, failed to have much influence and there was unusual stagnation in local trade and the outside business was practically nothing. Northwestern receipts were smaller than a week ago by 100 cars but as they were more than 200 cars larger than a year ago it had no influence. The trade seemed tired and appeared to show that constant stimulus was needed to keep up the pace. But with all the dullness the market was quite stubborn and even at the lowest was only %c below the close yesterday and most of the time kept within %c*to %c of'last night’s close. May sold early at 61%c, then to 62© 62%c split and for a time held around 61%c but finally fell to 61%c. There was a decided break during the last hour and the price fell to lc below the close yesterday. A large amount of long wheat came on the market and big speculators and the elevator people generally were big speculative sellers. May sold to 61c but reacted to 61%c, December touched 57%c. Corn was quiet but held steady and comparatively firm; there was little disposition to sell at the ruling prices, while shorts seemed to think it was the part of prudence to take profits. Local receipts were about as expected and with all the dullness the price was firm. May kept at 28%@28%c and January at 25%@26c. The market held steady during the last hour, May selling at 28%@28%c split and at 28%c, with January 25%@26e split. Oats quiet and steady with the trade featureless. May has sold at 19%@19%c split and 19%@20e split. Trade was slow during the last hour ■tfith the feeling easier. May sold at 19%c. Hog products dull and lower, with packers selling. May pork has sold from $8.82% to $8.77%, May lard at $5.47% to $5.45 and May ribs at $4.47% to $4.45. The market continued weak during the last hour, May pork selling to $8.67%, with lard $5.42% and ribs $4.42%. Quotations were: Articles. High. Low. Close. Wheat —No. 2. • Dec.ll.Dec.lo. Dec. ...$ .58% $ .57% $ .57% $ .58% Jan 58% .67% .57% .58% May ... .62% .61 .61% .62 Corn — Dec 25% .25% .25% .25% Jan 26% .25% .26 .25% May ... .28% .28% .28% .28% Oats — Dec 17% .17 Feb.... .18% .18 .18 .18 May ... .20 .19% .19% .19% Pork — Dec 7.65 7.75 Jan. ... 8.45 8.30 8.30 8.45 May ... 8.82% 8.67% 8.70 8.82% Lard — Dec 5.07% 5.10 Jan. ... 5.22% 5.20 5.20 5.25 May. .. 5.47% 5.42% 5.45 5.50 Short ribs — Dec 4.17% 4.25 ' Jan. ... 4.22% 4.17% 4.20 4.25 May ... 4.47% 4.42% 4.42% 4.50

Wall Street. New York, Dec. 11. —The stock market opened quiet and irregular. Tobacco showed a tendency to lower figures and soon sagged 1% per cent to 70. On the other hand, Leather preferred and Manhattan sold up % per cent each. Renewed buying of Consolidated Gas led to an appreciation of 1% per cent The market at 10:15 remained unsettled. There was a decided upward turn to prices of the industrial shares a little later. The railway shares were very quiet up to 11 o’clock and devoid of feature except for Union Pacific, which was off 1% per cent. The market current changed during the next hour, and, incidental to realizing sales, a general reaction in prices ensued. The market at midday was dull and heavy 'n tone. Money on call nominally 2@2% per ?ent_ Prime mercantile paper, 4@5% per cent. Sterling exchange dull, with actual business in bankers’ bills at 488%@489 for demand and 487%@488 for sixty days; posted rates, 488%@489 and 489%@490. Commercial bills, 487. Silver certificates, sales $2,000 at 66%. Bar silver, 65%. Mexican dollars, 52%. Government bonds steady. Chicago Prodace Market. The following quotations are for large lots only; small quantities are usual •* sold at advanced prices: Apples, [email protected] per barrel. Vegetables —Cabbage, choice, [email protected] per 100; cauliflower, SI.OO per case; celery, 15@25c per case; cucumbers, 25 @6oc per doz; onions, 28<g)35c per bu; Lima beans, 18@20c per quart; string beans, green. 50c@$1.00 per box of twothirds bushel; wax, [email protected]; sweet corn, 2@sc per doz; tomatoes. 75c® 11.00 per bushel basket. Butter -

Creameries, extra, 26c per pound; first, 24@25%c; second, 17@20e; third, 11© 13c; dairies, extra, 22c; first, 17© 19c; second, 12©14c; imitation creameries, extra, 19@20c; ladles, first, 12© 14c; second 9©llc; packing stock fresh, 11 @ 12c; grease, 4© sc. Dressed poultry—Turkeys, hens, 6@7c;' turkeys, springs, B%@9c; chickens, henA 6%c; springs, 7%c; ducks, fair to choice, 10c; geese, $5.00©6.75 per dozen. Cheese—Young Americas choice, 9@9%c; twins, 8% @9%c; Cheddars, 8%@8%c; brick, B@B%c; Limburger, 9@9%c; Swiss, 10% @llc. Beans, peas and navy beans— Hand-picked, [email protected] per bushel; good, clean, [email protected]; Lima beans, California, $3.50 per 100 pounds. Potatoes Burbanks, 19@22c; Hebrons, and Rose, 18@21c; mixed, 16@18c; Sweet potatoes—[email protected] per barrel. Veal—Fancy calves, 7@7% per poundfair to good do, 6%c; small, thin, 5%@ 6c; coarse, heavy carcasses. 4%@5c. Eggs Salable at 20c per dozen when cases are returned; cases included 20 %c. Live Stock. Chicago, Dec. 11.-Cattle, receipts, 14,000. Common rough steers were salable at [email protected], medium to fair lots a: @3.75 and good to choice at [email protected], with transactions largely at $3.50© 4.25. Plenty of choice heavy beeves intended for the Christmas trade were offered between $4 and $4.50, and fancy holiday cattle were salable to a limited extent at $4.75@5. Stockers and feeders were in somewhat better demand at firm prices, with sales largely at [email protected]. Calves were considerably higher than last week, choice lots fetching [email protected]. Hogs—Receipts, 55,000. The supply was pretty largely disposed of at a decline of 10c, common to prime droves selling at [email protected], with choice heavy and light bringing the same pricss. Sales were largely at $3.45, few selling below $3.40 or higher than $3.50. Good to choice pigs sold at [email protected]. Sheep—Receipts, 14,000. The demand was again, chiefly local, and common to choice sheep were salable at $1.50© 3.15, with prime to extra largely scarce at [email protected]. Yesterday a sale was made of a lot of 157-lb sheep at $3.75. Western sheep were held at»[email protected], and lambs were wanted at [email protected], a few common lots bringing $2.50@3. Western feeders sold at [email protected]. -' + Liverpool. Liverpool, Dec. 11—Wheat—Spot; No. 2, red winter, 5s 3%d; No. 2 red spring, stocks exhausted: No. 1 hard Manitoba, 5s 3d; No. 1 California, 5s sd. Futures; December, 55.3 d; January, 5s 3%d; February, 5s 4%d; March, 5s sd; April, 5s 5%d; May, 5s 5%d. Corn —Spot; American mixed, 3s 3%d. Futures; December, 3e 3%d; January, 3s 2%d; February, 3s 2%d; March, 3s 2%d; April, 3s 2%d; May, 3s 2%d. Flour —St. Louis fancy winter, 7s 3d. Peoria. Peoria, Dec. 11.—Corn—New 'No. 2, 26c; new No. 3, 25%c. Oats—No. 2 white, 18%@18%c; No. 3 white, 17%© 17%c. Rye—Dull; nominal. Whisky Finished goods on the basis of $1.22 for high wines. Receipts—Corn, 106,050 bu; oats, 54,200 bu; rye, 1,200 bu; whisky, none; wheat, 6,000 bu. Shipments— Corn, 19,750 bu; oats, 59,000 bu; rye, none; whisky, 825 brls; wheat, 1,200 bu. New York. New York, Dec. li.—Butter—Receipts, 4,494 pkgs; western creamery, 16@27c; Elgins, 27c. Cheese —Receipts, 2,992 pkgs; large, 7%@10c; small, 6% @lo%c; part skims, 3%@6c; full skims, 2@3c. Eggs—Receipts, 5,135 pkgs; state and Pennsylvania, 23@27c; western, 21@24c; southern, 21@23c. Coffee — No. 7, 14%c.