The independent. (Lincoln, Neb.) 1902-1907, March 14, 1907, Page 6, Image 6

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    6
THE NEBRASKA. INDEPENDENT
MAKCII 14, 1907.
SHARP DECLINE IN WHEAT
IMFI.liE.CE OF THE "GREEN BUG"
DISCOUNTED.'
MAY OPTION LOSES QUARTER
Kansas Crop Declared Unharmed
by Pestiferous Insect Heavier
Decline Experienced I
Corn and Oats.
CHICAGO, March 13.-Denial of the
stories circulated yesterday of damage
to the Kansas wheat crop by the "green
bug" caused a sharp decline today In
prices on the local exchange. The closing
quotation of the lrtay delivery was c
lower. Corn was off fac. Oats de
clined lc. Provisions were 10c lower.
While numerous reports were received
today of the ravages committed by the4
'green bug" It was declared positively
that the Kansas crop Is still unharmed.
Pit traders here placed more' credence In
the latter advices and sold freely all day.
Local and outside longs also sold exten
sively. Rain was reported to be general
throughout Kansas and as wet weather
Is said to be fatal to the "green bug"
there was considerable selling on that
account. The failure of the Livemool
fnaikct to reapOiiu ia aiiy marked -degree
to yesterday's sharp advance here was
an additional bearish influence. The
marketclosed weak with prices close to
the lowest point. May wheat opened un
changed to 14c lower at 78c to 78c, sold
off to 778e, and closed at77c. Clear
ances of wheat and flour were equal to
184,600 bushels against 450.00O bushels for
the same day last year. Minneapolis, Du
luth and Chicago reported receipts of 403
cars against ,373 cars last week and 391
cars a year ago.
Extreme dullness prevailed In the corn
pit and the market was weak In sym
pathy with wheat and oats. Leading com
mission houses were the principal sellers
and shorts were the leading buyers. The
market closed weak. May corn opened
uncharged to c lower at 47o to 47c,
sold off to 46c and closed at 4646c
Local receipts were 1S9 cars, none of con
tract grade. ... ......
Oats were again sold heavily and prices
declined sharply. Considerable long oats
were thrown upon the market and pit
traders also sold on the belief that stocks
in country elevators and in the hands of
farmers are more than large enough to
meet all requirements until the next crop
Is available. May opened unchanged to
c lower at 41c to 41c, declined to
404Cc and closed, at 40c. Ijocal re
ceipts were 149 care.
Provisions were weak .on general sell
ing. Besides the liquidation by small
holders, packers" were credited with free
sales induced by a large increase In the
movement of live hogs. At the close May
pork was off 10c at $16.00. Lard and ribs
were-also down 10c at. $9. 25 and $8.90, re-,
Bpectively.
The estimated receipts for tomorrow
are: Wheat, 17 cars; corn, 255 cars; oats,
142 cars; hogs, 27,000 head.
Cash quotations were as follows:
Flour Steady; winter patents, $3.20
8.35; straights, $3.003.25; spring patents,
$3.503.60; straights, $3.10(03.40; bakers,
2.1(te2.90.
Wheat No. 2 spring, 7983c; No. 3, 73
J2c; No. 2 red, 7576c.
Corn No. 2, 44c; No. 2 yellow, 4514c.
Oats No. 2, 40c; No. 2 white, 40-'&fe44c;
No. 3 white, iVSaWc'
ltye No. 2. '66c. ' -
"'BarleyFair'' to choice malting, 71Wc.
Flax seed No. 1, $1.15; No. 1 north
western, $1.22. ,
Timothy peed Prime, $4.50.
Clover Contract grades, $14.50.
Short ribs, sides (loose), . $8.758S. 87.
Pork Mess, per barrel, $16.00rl6.12.
I.ard Per 100 pounds, $9.05.
Short char sides (boxed), $8.S79.25.
Vhisky-$1.29. .
' Receipts. Shipments.
Flour, barrels 43,800
Wheat, bushels 43,000
Corn, bushels 568,200
Oats, bushels .........4,44.100
Rye, bushels '. 6,000
Barley, bushels 8,100
On the produce exchani today the but
ter market was weak; creameries, 2229c;
dairies, 2tKri.'27e.
Kg?s Steady; at mark cases included,
15c; firsts, 16c; prime firsts, 36c.
Cheese Steady; ItValOUc
Poultry Live, steady; turkeys, 11c;
chickens and springs, 12c.
Wheat
May
July
Sept.
Corn
May July
Sept.
Oat
May July
Kept.
Tork
May
July
Lard
May July
Sept.
July
tf-pt.
:,ou
' 32,200
367,400
296,000
7.500
'18,900
Open. J High. Ixw. Close.
7SVi4Vs7SV4 77Ctf 77
7!Vu'79 78 78
79Vii79 - 78 78
i
47 47 46' 46(&i
464i :if W.MH 44
464r 46 464t 464J
4liiV41 40H
37 37 mi '
33 33 32 32
$16. in $16.15 $15.95 $16.00
16.2& !. 16.10 16.12
926 9.25 8 10 9.15
30 9.30 9.15 9.22
9.40 9.40 9.26 1.30
. .Mr . 8.90
9.00 9 8.97 .97
.07l 9.10 I 9 On .W
Liverpool .ralu ttarkrt,
IJVTCRPOOL, March lO.Wheat4pt,
firm; No. 2 red weetern winter, 6a Sd; No.
1 California. 6 M. futures, uteady;
March. nominal; May, & &M; July, t
ifctrn Upot. steady; AiunrUan tnlied,
aaw, 4 &'j1; Ann Mi -an niiied, old, 4a Id.
ruturea, steady; Marvo, a 44 Maf, 4
Jfew Tokk I'roauce Morkel.
NEW YORK. March 13. Flour Re
ceipts, 30,770 barrels; exports, 9,680 baf
rels. Market steady but quiet.
Rye flour Steady,
Buckwheat flour Dull,
Corn meal Steady.
Wheat Receipts, 43,000 bushels; exports,
67,760 bushels? Spot steady; No. 2 red, 87c,
levator; .'No, 2 red, 84c, f. o. b. afloat;
No. 1 northern Duluth, 8214c, f. o. b.
afloat. Natural reactions after yester
wheat today, being accelerated by de
moralization in the stock market and de
nials of green bug damage in Kansas.
Frices were Irregular at times, with oc
casional rallies on covering but closed at
the bottom and c heiow last r night.
May, opened at 85 7-16&85 lS-16c and closed
at 85c; July opened at 85S6c and
closed at 8oc; September opened at 85
85c and closed at 85c.
Corn Receipts, 154,800 bushels, exports,
182,068 bushels. Spot, steady; No. 2, 67c,
elevator, and 5354,0, . o. b. afloat; No. 2
white, 54c ; No. 2 yellow, 54c, f . o. b.
afloat. The - option market was without
transactions, closing . net unchanged as
follows: May, 54c; July, 54c.
Oats Receipts, 82,500 bushels. Spot
market easier; mixed oats, 26 to 32 lbs.,
47c; natural white,. 30 to 33 lbs., 49
61c; clipped white, 36 to 40 lbs., 50
53c.
Ijard Easy; western prime, $9.259.35;
refined barely Bteady; continent, $9.80; S.
A., $11.00; compound, 86c.
Pork Barely steady.
Coffee Firm, s
Sugar Firm; fair refining, 3 l-16c; cen
trifugal 96 test, 3 17-32e ; molasses sugar,
2 25-32c; refined, firm; No. 6, $4.30; No. 7,
$4.25; No. 8, $4.20; No. 9, $4.14; No. TO,
$4.05: No. 11. $4.00; No. 12, $3.95: No. 13,
$3.90: ..0. 14. $3.85; confectioners' A, $4.50;
mould A, $4.50; cut loaf and crushed,
$5.40; powaereu ana granmaren.
cubes. $4.95. 1 .
Coffee Firm; No. 7 Rio, 7c; No.
4. Santos, 8c.
Butter Easy; street price, extra cream
ery, 30ftjJ3lc; ornciai prices, creamery,
common to extra, 2130c; held -common
to extra, 2030c,
Cheese Strong: state, full cream- col
ored. small, September fancy, 15c; same,
white, 1494c; same, colored, small October
best. 1414c; white October best, 13
14c; same, good to prime, 1313c; same
winter average, best. lzc; same large
September fancy, 14c; same, October
best, 1214c ; same, good to - prime,
1213V4c; same, inferiors. ll12c. -
Eggs Easy; western firsts, 171794c;
official price 17c.
Poultry Alive, firm; western chick
ens, 11c; fowls, 15c; turkeys, 13c. Dressed,
firm; western chickens, 1318c; turkeys,
lZ15c; fowls. 1314c. .
St. I.ouift Grain Market.
ST. LOUIS, March 13. Wheat Futures,
lower; cash, strong; on track No. 2 red
cash, 7879c; No. 2 hard, 7376c;
May, 76c; July,- 7777c.
Com Lower; on track No. 2 cash, 44
44c; No. 2 white, 46c; May, 4444c;
July, 4444c.
Oats Lower! on track No. 2 cash, 42c;
No. 2 white, 4344c; May, ' 40c; ' July,
35c. . . . ..
Spelter Firm, $6.80. -
Lead-Firm, $6.07.10. " ... :--
Poultry Hichep- r-hirlfens 19r- snrlncra
12c; turkeys, 12c; jducks, 12c; geese, 7c.
Butter Quiet; creamery, 2432c; dairy,
21(5)26c.
Eggs Lower, 14c, case count.
New York Cotton Market.
NEW YORK, March 13. Cotton Fu
tures opened barely steady; March, 9.59
64c; April, 9.60c bid; May, 9.77c; June,
9.80c; July, 9.84c; August, 9.88c bid; Sep
tember, 9.92c; October, 10.12c; December,
10.20c; January, 10.37c.
Spot closed steady, 15 points lower; mid
dling uplands, 11.20c; midling gulf, 11.45c
Sales were 100 bales.
Futures closed barely steady; March.
9.49c; April, 9.5?c; Mav, 9.62c; June, 9.65c;
July, 9.70c; August, 9.73c; September;
9.87c; October, 9.97c; December, 10.017c;
January, 10.24c.
nunsa? City Orntn lMret.
KANSAS CITY, March 13.-Wheat-May,
70c: July 71c; September, 72c.
Cash No. 2 hard, 70Lir74c; No. 3, 6S72c;
No. 2 red. 74W4c; No. 3. 6873c.
Corn May. 41!4c; July, 41c; Septem
ber, 42c. Cash No. 2 mixed, 41c: No. 3,
40(fiMOiAc; No. 2 white, 4Cc; No. 3, 42c
Oats-No 2 white, 41f41c: No. 2 mixed.
Butter Creamery, 3lc; packing, 18c.
13ggs Steady, 15c.
Receipts Wheat, 41 cats.
Oinaba Grain Market.
OMAIIA. Neb.. March 13-Wbeat-Na
2 hard, 69tfr70c; No. 3 hard. 634Sc; No.
4 liard, 68fi4r; No. 3 spring, 6670c.
Corn No. f. 38?rtKc: No. 4, 3538c;
no grade, 3JfC4c: No. 3 yellow, 3S&'39e;
No. 3 white, mMWiC.
Oats No. 3 mixed. 3Si39c; No. 4 white,
39fuK)c; No. 4 white, 3iKe.
Itye-No. 2, 60c; No. 3, USo.
New York Copper Market.
NT7W YORK, March 13. Copper wan
tit Sd lower In the Iondon market with
rpot closing at 1'0 7 d and futures at
111 10m Icaltv the market was firm
with la.tk quoted at eleo
trolytlo ut $25.l21?1'ff2f.C7 and canting at
t'4 61.
pm Ui ton linn fct
mi hn Ahmfat
THE LIVE STOCK MARKETS
CATTLE RECEIPTS VERY LARGE
AMD PRICES SLOW. ,
Still lower Pric for Hog- l,nrge
Receipts of Sheep ami
Lanibw.
SOUTH OMAHA, Neb., Feb. 13.-Re-
C6ii.B Of ii Vc stock weft
Official Monday ..,
Official Tuesday ...
Official Wednesday
Cattle. Hogs. Sheep
.. 5,403 5,028 8.668
.. 5,865 11,265 10,706
.. 7,300 10,850 9,400
27.143 28,774
20.155
27,244
22,080
17.086
25,540
Three davs this wlr iswji
Same days last week.. 7,911 -13,020
Same 2 weetes ago..,. 10,625 17,197
Same 3 weeks ago.. ..13,326 22,933
Same 4 weeks ago.... 5,097 17,3g3
Same days last year.. 8,953 11,744
CATTLE QUOTATIONS.
Good to choice cornfed steers... .$5. 3535.85
Fair to erood cornfed steers a ir.'o-
Common to fair steers 4 (Muil
woa to. choice fed cows 4.00y4.60
Fair to srood cows and ViifoM, 1
Common to fair cows and heifers 2.00fc3'.(X)
wiiuitc isi 6c reeaers 4.z(Mi4 90
Fair to good stockers & feeders 3.75te4'20
Common to fair stockers
. u.WUld.l 1
Buus, stags, etc s.754.2s
T rai wutcd
The follOWinsr tahlf. shnun tK
price of hogs at South Omaha for the
last several days, with comparison;
Date, im 1906 19U5 1904 1903 1902 1901
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
26..
27..
28..
1.
2.
3.
4.
6.
6.
7.
8.'
9.
10.
n.
-12.
13.
.6.80 5.98
,6.75946.04
,6.796.H
,6.85 6.05
,6.76 6.99
. - 6.11
,6.73
,6.726.22
6.74 6.20
6.76 6.13
6.776.10
6.816.13
6.11
6.75
6,686.09
.... 6.12
5.40 6.93
4.77 5.32 6.86
4.84 5.21 6.85
4.80 5.13
4.72 5.09 6.68
4.76 5.12 7.03
4.81 6.04 ?.02
5.07 7.11
4.85 7.04
4.89 6.13 7.15
4.88 5.20 -
4.88 5.19 7.15
4.88 5.11 7.25
6.86 5.11 ....
' 5.1a 7.31
4.80 7.24
6.88
5.83
5.95
6.62
6.22
6.19
6.29
5.24
6.00
6.03
6.15
6.14
7.29
6.00
5.34
5.27
5.29
4.S5
4.96
4.96
6.02
5.04
5J5
5.06
5.14
5.25
5.24
5.18
Sunday.
Omaha ............
Chicago
Kansas City
St. Louis .........
Sioux City
RANGE OF PRICES
v Cattle.
......... ....$3. 006.50
. 1.6ytf.85
. 2.50ra6.35
. 2.65&.75
.... 2.756.CO
Cattle.
Hogs.
$6.60fe6.C7
6.10(.97
5.50.75
6.156.95
6.506.75 .
Receipts of cattle were very large this
morning 330 cars being reported. Trains
however, were very late and it took all
day to get the full receipts into the yards.
At 8:30 In the morning there w-ere only
14o cars out of this number ijn sight. This
will give an idea of the difficulties under
which both buyers and sellers are ope
rating. The-market opened , very late, buyers
being forced to wait until more of the
trains uror-a In oicv 1 i .
operations. When the rnawLet did open it
was extremely chill, some of the buyers
bing inclined to hold back in hopes of
securing something on late trains that
would nleae them hottn ta, v,
in sight. Hence it was a drag from start
.u muau, wim prices generally 10c lower
mu.11 ycoicniay, rsesiaes iae ract of re-
CeiDtS beiliar lai-en. ther waa a f,iWK
- w ' . ' w .uiuCi
reason for the decline to be found In the
reported condition of eastern markets
Packers were "claiming that the way cat
tle " were selling at other points they
were fully entitled to lower prices here.
Cows and heifers started out very slow
and dull and mostly 10c lower than yes
terdav. ThA foren
- - J nu OAA-
vanced before very much business had
been transacted, and it was late in the
afternoon before anything like a clear
ance was e ueciea.
Stockers and feeders have been in rath
er moderate receipt ai the week and as
there has he.en miite a. little Innnln, r.m
the country there was fair speculative
guying ttgcuji iui moraine, in conse
quence good feeders and stockers sold in
about the same notches n.q vMtprrlnv tha
market as a whole on that kind of cattle
being in very satisfactory condition as
viewed from a seller's standpoint.
Reoeiota of hosrs this
quite large, beside which there were 1,800
hogs which came In late yesterday and
were carried over until today. The mar
ket nnened with hmrpr tllHnr
- - - ri nivuiiu
$6,60 for hocrs. which waa H.Unvtf in
than yesterday. There was some little
trading on that basis, but when the mar
ket waa really underway the hogs sold
Drlncloallv from X6.G0 to It: ir, with tc i-,-il
the popular price for the general run of
hoffs. That would b on the basis of a
6t0c decline compared with yesterday's
inimi iiiajn.i'i.
The later market i:trnrCnnixT nr until
good hogs were selling largely at 56.65,
ujub miming me average market only
about (w. lower than vrtisrHiv'. ou.,.,.,
The big bulk of ail the hogs brought
ac-ainsi t.utj.t. i yesterday.
Sbeep.
Rerelnta wera larra inln twin nir,iinv
hut. aa la the coae every day f late, a
good ah&re of the train wera behind time
ao that the receipt came m ringing In
all day. At ) nnlv Iwvrtv.f.uir mil ,
the forty cur reported were in aigut.
wime ui-re were a nomw or loatlj or
rUrht a ool kllWa lneludad unanf tiulitv'a
rrhrmln, there waa a very large propor
tion of common and Inferior gradea. n, ak
in E tha average qviahty of the recelpta
pr. m pnf or warrunga 10 uta con
trary, prtcea ar to rood that aalBpera
k Mn mmuI Inr In mflflaiJI mtntf m i.lK
haa to aeil at a big er1nr In compel I
Ikm wHh flntabed gradaa.
TtM uarfcat tyoaod early a4 aot
Btrictly good killers and everything of
that kind changed bands very rapidly at
prices steady to a little ' stronger than
yesterday. Good lambs sold readily at
$7.50, with good old wethers at $6.00 and
ewes at $5.00. The" top on ewes is the
highest paid since June of last year.
While the market on the good killers
was strong and active, the common and
medium grades were slow, with the ten
dency a little lower, and holders of such
found it rather slow work effecting a
clearance. -
Quotations on killers: Good to choice
lambs, $7.257.t; fair to good lambs, $6.7.1
7.25; good to choice yearlings, lamb
weights, $6.156.50; fair to good yearlings,
lamb weights. $5.856.15; good to choice
yearlings, heavyweights, $5.856.10; fair
to good yearlings, heavyweights, $5.60
$5.75; fair to good old wethers, $5.256.50;
good to choice ewes. $5.255.50; fair to
good ewes, $4.755.25. .
KniiKat City Live Stoek Market.
KANSAS CITY, March 13. Cattle Re
ceipts, 10,000 head; market weak to 10c
lower. Choice export and dressed beef
steers, $5.4.iiS6.35; fair to good, $4.40o.35;
western fed steers, $4.00ro5.90; -stockers
and feeders, $3.755.25; native cows, $2.60
4.75; native heifers, $3.754.90; bulls, $3.25
4.25; calves, $3.007.00.
Hogs Receipts, 11,000 head; market
weak to 5o lower. Top, $6.75; bulk of
sales, .$6.656.70; heavy, $6.706.75; pack
ers, $6.65(6.75; pigs and lights, $5.756.70.
Sheep Receipts, 9,000 . head; market
steady. Lambs, $7.257.75; ewes and year
lings, $5.10(5.90.
Chicago Live Stock Market.
CHICAGO, March 13.-CattleReceipts,
10,(00 head; market steady to slowi Plain
to best steers, $4.256.85: heifers. 2.6&a
5.25; cows.. $3.2506.00: bulls.. $3.25Cu4.O0";
calves, $2.507.25; stockers and feeders,
$2. BO'S 5. 25.
Hogs Receipts. 28,000 head ; market 10c
lower. Choice heavy shipping, $6.85.95;
light butchers, $6.876.95; light mixed,
$6. 85&6.90; packiag, $6.506.85; 43igs, $4.50
6.80; bulk of sales, $6.80a6,87. ,
Sheep Receipts, 16,000 head: market
steady. Sheep, $5.256.25; lambs, $6.50
7.95.
St. I.onis Live Stock Market.
ST. LOUIS, March 13. Cattle Receipts.
1,800 head; market steady. Native ship
ping and export steers, $4.9036.75; dressed
beef and butcher steers, $4.506.10; stock
ers and feeders, $3.6J04.75; cows and heif
ers, $2.655.25; canners, $2.004jsJ.50.
Hogs (Receipts,-- 6.CO0 head ; market 5c
lower. Pigs and lights, $6.156.90; pack-
ers. $6.6(K?t.90; butchers and best heav-y,
$6.85&.95. "
Sheep Receipts, 500 head; market .
strong. Native muttons, $B.565.50; lambe,
$5.0(y(;8.50; culls and bucks, $4.004.50.
St. Joseph Lire Stock Market.
SOUTH ST, JOSEPH. Mo.. March 13.-
Cattle Receipts, 2,400 head; market
steady. Natives, $4.506.25; cows and
heifers, $2.405,00; stockers and feeders.
$3.754.85.
Hogs Receipts, 5,000 head ; market 25) .
5c higher. Top, $6.75; bulk of sales, $6.62
Sheep Receipts, 2,279 head: market
strong. Lambs, 5707.75; wethers, ?5.50
5.65.
Treaanry Balancea.
WASHINGTON, March 13.-Today's
statement of the treasury balances in the
general fund, exclusive of the $150,000,000
gold reserve, show,s:
Available casn balance, $7,3ll,359.
Gold coin and bullion, $117,825,625.
Gold certificates, $50,743,400.
Minneapolis Grain Market.
MINNEAPOLIS. March 13.-Wheat-
May, 7879c; July, 80c; September, 78o;
No. 1 hard, 812Slc; No. 1 northern.
8Oi08Oc; No. 2 northern, 78i78c; No.
3 northern, 7576c.
Flours-Unchanged.
St. Louis Wool Market.
ST. LOUIS, March 1C Wool Steadv.
Territory and western mediums, 2428c;
fine medium, 1822c; fine, 1417c.
When there is sickness In the fam
ily the neighbors and the doctor never
agree in diagnosing the case.
Tou have probably observed that
the man from' your town who loses
a position in another town always re
signs.
Seven to three was tho vote in the
Maine -legislative committee on tem
perance in opposition to resubmission
of the prohibition question. The sev
en were from the country, the three
from Kennebec county, the situation
of Augusta and Water town. There
may be a hint here why the " .'werg
oppose county option.
Live Stcck Csmnisxion
Cattlt Hogx Sfieip
Nje Scfcieidcr Fewler Ci.
SOUTH OMAIIA, NEBRASKA.
I!at poaaiUe aarrtee to all aepartmeeu
WrU cr wirt ua lor mark la a Uir
taforwauub
T one atalMOaloM DovclaaWS