People's Pilot, Volume 6, Number 7, Rensselaer, Jasper County, 6 August 1896 — PORK THE FEATURE. [ARTICLE]

PORK THE FEATURE.

THE RULING MARKET AT CHICAGO. Opened Strong, Sustained a Sh-ir; llreak. Then Rallied Some wlmi- tv • • Busier at a Slight Decline C.or Firmer —In Wall Street. Chicago, Aug. 5. —September iv. .. closed at 58%c, September co*u ~ 25%c, September oats at 18%c. September pork at $6.80, September lard at $3.47% and September r.os a 13.57%. The interest of operators again centered largely in the provision pit, where the transactions in pork were enormoui and the excitement at fever heat, wiu the fluctuations wide and sharp. Before noon the fluctuations in September pork had covered a range of $1.25 per barrel. At the start September sold from $7.45 to $7.60, but quickly fell to $7 .00. Shorts were active buyers early and there was a good deal taken tor the long account. But the country longs, finding a good profit in the.r favor, sent in selling orders and as soon as the selling oecame noticeable tne local professionals started to unload and the market turned very weak. In this condition Baldwin inaugurated a raid and the crash commenced. Stoploss orders were reached and more s.utf came out, and it took scarcely five minutes to carry the price from $7.25 to $6.85, there being sometimes a drop of 25c between sales. September reacted to $6.95 and was $6.85 at noon, or 4oc lower than it closed yesterday. The market seems to have every evidence of manipulation. January pork sold to $7.60 —the same as September— but did not sell below $7.20 on the drop in September. September lard has ranged at $3.35 to $3.42% and September riba up to $3.70 and off to $3.50. The market kept feverish during the closing hour, but September pork went below the close yesterday, with January higher.

Wheat was higher early, on the firm cables, the lighter receipts and the excited advance in pork at the start, but broke later on the fair weather and the drop in the pork pit. September sold early at 58%c to 5994 c, then started off and sold to 5894 c, but at noon was 58i4c. December sold up to 61%c, off to 60%c, and at noon was about 6J94. The market held very steady during the last hour and featureless as well, September selling at 5894c@5894c, with the bulk of Che trading at 5896 c. December kept at 60%@60%c, with the bulk of the business at 6094 c. Corn was stronger early, but lost much of tbs advance later. It was helped some by wheat and pork, but more by the continued reports of damage by hot winds in Kansas, September sold from 2594 c to 2594 c, oft to 25c, and at noon was 2594 c. May sold up to 2S%c, fell to 2894(0i2894c split and at noon waa 2894 c. The market held

steady during the last hour at 25%@ 25%c for September and 28%@28%c for May. Closing quotations were:

—Closing— Articles— High. Low. Aug.s. Aug. 4. Wheat— Aug. ..| .58% | .57% $ .57% | .58 Sept. . .59% .58% .58% .58% Dec. .. .61% .60% .60% .61 Corn — fug 24% .24% Sept. . .25% .25 .25% .25% Dec. .. .26% .25% .26% .25% May .. .29 .28% .28% .28% Oats — Aug. 17% .17% Sept . .18% .18 .18% .18% May .. .20% .20% .20% .20% Pork— Aug 6.80 7.20 Sept. . 7.65 6.35 6.85 7.25 Oct.. .. 6.75 6.20 6.40 6.30 Jan. .. 7.60 7.20 7.35 7.17% Lard — Aug. 3.45 3.32% Sept. . 3.55 3.42% 3.50 3.37% Oct. .. 3.57% 3.45 3.52% 3.40 Jan. .. 3.90 3.75 3.82% 3.67% Short ribs — Aug ... 3.55 3.47% Sept. . 3.70 3.50 3.57% 3.52% Oct. ... 3.75 3.60 3.62% 3.55 Jan. .. 3.77% 3.65 3.72% 3.65

Chicago Produce Market. The following quotations are for large lots only; small quantities are usually sold at advanced prices: Butter—Creameries, extra, 14c per lb; first, 12%@13c; second, 10c; dairies, extra, 12c; first, 10%c; second, 9c; imitation creameries, extra, 10@llc; ladles, extra, 9%@10c; first, B@B%c; second, 7c; packing stock, fresh,7c; grease, 4@sc. Beans —Hand picked navy, 90@ 95c per bu; fair to choice cleaned, 75@ 80c. Kidney beans, red, $1.30® 1.40; lima, [email protected] per 100 lbs. Live poultry—Market steady. Turkeys, fair to good, 8@10c; chickens, B%c; spring, B%c; ducks, 9@loc; geese, s3@s per doz. Cheese —Young America, 6%@ 7c; twins, 6%@6%c; Cheddars, 6@6%c; brick, 6@6%c; limbufger, 6%c; Swiss, new, 9%@10c. Eggs—Salable at 10%c when cases are returned; cases included, 11c. Apples—Green stock for cooking purposes, 75c @sl a brl; red stock, [email protected] a brl. Potatoes —Early Ohios, 20@25c per bu. Sweet potatoes—Baltimore, $2.75@3 per brl.

W«*.U Street. New York, Aug. 6. —The stock market was favorably influenced at the outset by the fractional gains In London prices and the market opened firm and higher. Trading was in small volume. The Improvements scored, aside from Sugar, were unimportant. The trading up to 11 o’clock was without feature, and not much significance was attached to fluctuations, In view of the ultra-profes-sionalism of the operators. The general public was holding aloof pending a clearer aspect of the general situation, and the room operators were also disposed to move can tiously, awaiting developments. To.ward midday stock prices stiffepad all around. The improvements were maintained up to 12 o’clock. Money on call easy at 2@2% per cent prime mercantile paper, 6%@7% per cent; sterling exchange steady, with actual business in bankers’ bills at 489 @489% for demand and 488@458% for. sixty days; posted rates, 488% and 489%@490; commrrc’al bills, 487%. Silver certificates, 63%@69; no sales. Bai silver, 68%. Mexican dollars, 53%. Government bonds steady. Closing quotations were:

Atchison 10% Lake Shore.... 140 Am. Tobacco.. 57 h Manhattan Con. 85% Bay State Gas . .. Missouri Pacific 16% Balt, and Ohio.. 15% North Pacific C. B. and Q 60% N. Pacific pfd... 11 Can. Southern .NY Central... 90% Con. Gas Northwestern.. 93 Cordage 3% Nj American.... 3% Chicago Gas .... ‘O% Omaha 34 Ches’p’ke & Ohio 14% Ont & West’n.. 12% Del. & Hudson Pacific Mail ... D. &W Heading io% Dis &C. Feed Co 10% Rock Island 54% Den. & R. G. pfd .... Southern Ry.... 6% Leather 6% Soth’n Ry. pfd. 20 Leather pfd 47% Sugar Reflnery.lo2% Gen. Electric.... 23% St. Paul 66% Hock V a11ey.... 15 |St. Paul pfd.... 120% Illinois Central .... Susque. & West. Jersey Central.. 92% Tennessee Coal.. i 5% Kan. & Tex. pfd 19% South’n Pacific.. .. . i-ead .... Tex. & Pacific.. 6 L., N. A. &C. . 5% Union Pacific... 5% L ,N A & C pfd 12% U. S. Rubber Louis. & Nash.. 42% West’n Union.. 78 Linseed Oil Wabash Jr*- 14% Wabash pfd .. is% L. E. & V , pfd. ■ 61% W. & L. Erie... 7% Government bo-ds stand at the following bid prices:

Registered 25.... 93 Registered 5s ..110 Registered 45.... 106% Currency 6s ’97 100 Coupon 4s 17% Currency 6s ’9B 102% ? ew C0up0n45,.112% Curr-ncy 6s ’99 104%

Live Stock. Chicago, Aug. 5. —Cattle —Receipts, 7,500; calves, 200. Sales were made from $3.30 to $3.50 for a few very common native dressed beef steers up to $4.55 for several lots of choice, and fancy lots would have brought $4.60 or more. There was a fairly acflve stockei and feeder trade at [email protected], and quite a number of common western range cattle were taken by feeders at $3 @3.15, their average weights being about 1,150 lbs. There was not much change ln the cow trade. Bulls sold anywhere from $1.75 to $3.25, and calves were active and firm at [email protected] for any desirable lots. Hogs—Receipts, 14,000. Heavy hogs sold at [email protected], medium weights at [email protected], mixed lots at [email protected], and light weights at [email protected]. Sheep—Receipts, 12,000. Common to choice native sheep se!d at [email protected], few going below $2.25, and western range flocks brought [email protected]. Lambs old at [email protected], not many going above $5.65. Feeding sheep sold at $2.30 @2.50. Not many sheep sold above $3, the export demand having ceased.

Wheat and Corn. Closing prices of wheat and corn at the following named cities were: Wheat—New York—August, 63%c. September, 64c; December, 66c. St Louis —August, 60%@60%c; September, 59%@59%c. Duluth—Cash, 57%c; September, 57%c. Minneapolis—Cash, 55%c; September, 54%c. BaltimoreAugust, 61%@61%c; September, 62%@ 62%c. Toledo —Cash, 64%c; September, 58%c. Detroit—Cash, 65c; September, 65%c. Corn—New York—August, 30%c; September, 31%c. St. Louis—August, 22%c; September, 23%@23%c. Balti-more-August, 29%@29%c; September, 29% @ 30c.

New York. New York, Aug. s.—Butter—Receipts, 8,117 pkgs; western dairy, 9@l2c; western creamery, U%@lsc; Engine, 15c. Cheese—Receipts, 4,589 pkg 3; large, 5% @7%c; small, 5%@7c; part skims, 2@ 4%c; full skims. I@l% C . Eggs—Receipts, 8,098 pkgs; state and Pennsylvania, 13@14c; wes era, 11@ 12%c. Coffee steady.