People's Pilot, Volume 5, Number 50, Rensselaer, Jasper County, 18 June 1896 — ADVANCE FOR WHEAT. [ARTICLE]

ADVANCE FOR WHEAT.

MARKET AT CHICAGO CLOSES 2C HIGHER. Prospective Hold Plank at St. Louts Thought to H <ve Keen an Element of Strength—lorn K\rm —Hog Products Higher. Chicago, June 17.—July wheat closed at 58%c, July corn at 28%c, July oats at 17%c. July pork at $7.22%, July lard at $4.20 and July ribs at 53.90. Wheat ruled very strong and sold ui steadily %e from the opening and \c from the close last night, and up io noon had held about all the advance. The heavy exports yesterday —over 6150,000 bu in wheat and flour —were a surprise to both bulls and bears and did much to keep the market going after it had once got fairly started. The advices in regard to the outturn of the threshers was very disappointing and on all sides there seemed to be a disposition to lower estimates as to the crop. Even if this sentiment was not general Its advocates did the most of the talking. Probably the action of the St. Louis convention in adhering to the sound-money standard had quite as much to do with the strength developed as anything else. It is expected to, avert the danger of a money panic and confidence is strengthened and capital more inclined to come into the market. July wheat sold early at, 57%c, up irregularly to 58%c and at noon was 58%c. September Bold from 58%c to 59%@59%c, off to 69c. The market continued very strong during the last hour and July sold to 68%c split and September at 59%c. !It was said that the firmness was due to badcrop reports from Missouri. Corn was strong, but did not advance much and by reports that cultivation was kept back July sold at 28%c and 28*.@28%c split and September at 2914 cto 29%c. The market held firm during the last hour, July selling to 28%c and September to 29%@29%c. Hog products strong and higher en gcod speculative buying. July pork has sold at $7.22%@7.27%, July lard [email protected]% and July ribs at $3.90@ 3.92%. Quotations were:

Articles— —ClosingWheat — High. Low. Junel7.Junel6. June ..$ .58% $ .57% $ .58% $ .57% July ... 58% .57% .58% .67% Sept. .. .59% .58% .59% .58% Dec. .. .61% .69% .61% .59% Corn— June 27% .27% Pork — a June 7.15 7.10 July ... 7.27% 7.20 7.20 7.15 Sept. .. 7.45 7.35 7.35 7.32% Lard— June 4.15 4.10 July ... 4.22% 4.20 4.20 4.15 Sept. .. 4.37% 4.32% 4.35 4.30 S. Ribs— June 3.85 3.80 July ... 3.92% 3.90 3.90 3.85 Sept. .. 4.07% 4.02% 4.05 3.97%

* Whe Hi and Corn. Closing prices of wheat and corn at th following named cities were: Wheat —New York —June, 64%c; July, 64%c; September, 65c. 3t. Louis— July, 56%c; September, 57c. Duluth — July, 58%c; September, 58%c. Minneapolis—Cash, 56%c; July, 65%c. Toledo—Cash, 65c; July, 61 %c. Milwaukee—Cash, 58%c; July, 58%c. Detroit —Cash, 65%c; July, 61 %c. Corn —New York—July, 34%c; September, 35%c. St. Louis—July, 26%c; September, 27%c. Chlcigo Produce Mirket. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Butter—Creameries, extra, 14%c per lb; first, 13@14c; second, 10912 c; third, 12c; dairies, extra, 12c; first, 11c; second, 9c; imitation creameries, extra, 12c; ladles, first, B%@9c; second, 7c; packing stock, fresh, 8c; grease, 495 c. Apples, $3.2594.50 per brl. Beans— Hand-picked, 82c per bu; fair to choice cleaned, 75980 c. Lima beans, California, $3.0093.12% per 100 lbs. Live Poultry—Turkeys, fair to good, 698 c per lb; chickens, 7%@Bc; spring, 139 15c; ducks, 9910 c; geese, $3.0095.00 per doz. Eggs—Salable at 9c per dozen when cases are returned; cases Included, 10c. Cheese —Young America, 6%@7%c; twins, 6%97%c; Cheddars, 6%@7%c; brick, 6@6%c; Limburger, 9%@10%; Swiss, 12@12%c. Potatoes —Burbanks, 15918 c; Hebrons and Rose, 12914 c; mixed, 10912 c; sweet potatoes, 25930 c per bu. New Potatoes —Triumph, $1.00<g)1.10 per brl, 259 40c per bu; Peerless, $1.15©) 1:25 per brl, 40950 c per bu. Peoria Peoria, June 17.—Corn—No. 2,27 c; No. 3, 26%c. Oats—No. 2 white, 17% 918 c; No. 3 white, 17%@17%c. RyeDull; nominal. Whisky Finished goods on the basis of $1.22 for highwines. Receipts Corn, 27,150 bu; oats, 70,200 bu; rye, 600 bu; whisky, 76 brls; wheat,. 1,800 bu. Shipments— Corn, 750 bu; oats, 54,300 bu; rye, 600 bu; whisky, 750 brls; wheat, none. Wall Street. New York, June 17. —The failure of the London prices to reflect the. im-

provement prevailing in this market yesterday imparted irregularity to tho opening. The changes were unimportant, however, and the market at 10:16 o’clock exhibited an upward ten-' dency, under the leadership of tha grangers. The purchasing movement assumed wide proportions, extending to a number of the hitherto neglected shares. The gains up to 11 o’clock, however, lacked significance outside of a few of the specialties and appeared to be subsiding. The market was quiet at midday, current quotations shOwiQsf sharp fractional net gains in the leading properties, Closing quotations were: - Atchison l'ljt.i.nke Shore . ..154a Am. Cot. Oil.. .. 13 Muuhattan Con. 1045? Am. Toiuw'o..., 05L Missouri Pacific 24* BayßtateGas 87* Mobile & Ohio Balt, and Ohio.. 19* North Pacific... 4* C. B. indy 80* N. Pacific pfd... 15 C. C.,t Nc St. I, 88* N. Y. Central... Can. Southern.. 50 ... North western .. 104* Con. Gnu 169* IN. American.... 5* Cordage s'*jOinnlia 44 Chicago Gna 68*|Out «v West’n.. 14* Ches’p’ke&Ohio lfik lPacifi ■ Mail 26* Del. & Hudson.. 12. V, p .C..C. & St. L IXL.& W 162* Rending 15V Die. &C. Feed (:o 17 Rock Island.., 78V Den. & tt. G. pfd 49* Southern Ky... 9* Erie 15* Sotb'n Hy pfd.. MV* Leather 9* Sugar Refinery..l2B* Leather pfd..... 63* Ht Paul 79* Gen. Electric... 1134$ St. Paul pfd.... 129* Hook. Valley.... 1644 Susque. Went niinois Central Tennessee Coal. 26V Jersey Central South’ll Paciflo. 19V Kau. & Tex. pfd 26* Tex. & Pacific.. 8* Lead 26* Uuiou Paciflo... 8* L., N. A. & C..., »;«h U. H. Rubber.... 20 L.,N. A. ftC.pfd 21 West’n Union.. 86* Louis. & Nash... 52* Wabash 7V Linseed Oil 19 Wabash pfd,... 18V L. E. & W 19* W.<fc L Erie.... 10* L_E. &W. pfd .. 71* Win. Central Government bonds stand at the following bid prices: Registered 2s. . 94* Registered 55.. 118 Registered 45.... 108* Currency 6s ’97.100* Coupon 4s 109* Curreucy 6s ’9B |.i3 New Coupon 45.. 118* Currency 6s’99.UJ

I.lve Slock. Chicago, June 17.—Cattle —Receipts, 15,000; calves, 600. Common to choice dressed beef and shipping steers were in demand at $3.5094.30, the bulk going at $3.85 94.20, and export cattle were wanted at $4©4.25. The cow.market was fairly active and good cows and heifers were steady, with no excessive supply. Few bulls sold as high as $3, and very few calves went over $5. Hogs—Receipts, 23,000. The bulk of the hogs crossed the soales at $3.25(9 8.35, sales being made of common to choice lots averaging over 250 lbs at $2.95 93.36, medium anj} mixed lotß at $3.16(93.45, light weights at $3.2593.80 and pigs at $2.86 93.60. Sheep—Receipts, 14,000. Common to extra native sheep were wanted at $29 4.25, the bulk selling at $3.2593.90. Yearlings brought $496 for good to choice, and spring lambs sold at $39 6.50, the best ruling 25c higher. The bulk of the spring lambs brought $5.5f>(g)6.25. New York. New York, June 17. —Butter—Receipts, 17,570 pkgs; western dairy, 89 ll%c; do creamery, ll%c; Elglns, > 16%c. Cheese—Receipts, 6,900 pkgs; large, 6@7%c; small, 5%97%c; part skims, 2<3>4%c; full skims, 1%92c. Eggs—Receipts, 13,882 pkgs; state and Pennsylvania, 12@12%c; western, 119 12c. Coffee—Quiet.