Chapter VI: Part 6

Henry Villard closed his business career by handing over to assignees his mansion on Madison square and other property, with instructions to dispose of the same, pay a mortgage of $200,000, and discharge any indebtedness to the Oregon Railway Company, the residue to be given to his wife.

The directors of the Northern Pacific road held a meeting in New York, on Friday, of last week. A letter was read from Henry Villard, resigning the presidency of the company because of nervous prostration and in deference to the interests of the stockholders. The resignation was accepted, and a special election was ordered to choose a successor. The directors voted Mr. Villard $10,000 per annum for his services. Vice President Oakes reported the line in first-class order except one hundred miles near the junction west of Helena. It is understood that the Oregon Navigation company will reduce its dividends to 8 per cent. The Oregon Transcontinental has raised $3,000,000 in Boston with which to lift its floating debt.

MARKETS

MARKET REPORTS.

OFFICE OF THE PRAIRIE FARMER, CHICAGO. Jan 8, 1884.

FINANCIAL AND COMMERCIAL.

The extremely cold weather of the past week interfered with business very generally. In financial circles, as in others, the arctic wave made matters rather quiet. Early in the present week, however, business at the banks was active. The arrival of delayed mail trains added to the volume of business; but while there was much activity, the monetary situation remained about the same as usual.

In the loan market quotations were 6@7 per cent.

Eastern exchange sold at 70@75c per $1,000 premium.

Government securities are as follows:

4's coupons, 1907 Q. Apr. 123-1/4 4's reg., 1907 Q. Apr. 123-1/4 4-1/2's coupon, 1891 Q. Mar. 114-1/8 4-1/2's registered, 1891 Q. Mar. 114-1/8 3's registered Q. Mar. 100

GRAIN AND PROVISIONS.

The leading produce markets have been irregular for several days past, and the tendency, in the main, was downward. Yesterday wheat was moderately active, but the market was depressed at the close. There was a drop, also, in corn, oats, mess pork, and lard.

FLOUR was quiet at about the following rates.

Choice to favorite white winters $5 25 @ 5 50 Fair to good brands of white winters 4 75 @ 5 00 Good to choice red winters 5 00 @ 5 50 Prime to choice springs 4 75 @ 5 00 Good to choice export stock, in sacks, extras 4 25 @ 4 50 Good to choice export stock, double extras 4 50 @ 4 65 Fair to good Minnesota springs 4 50 @ 4 75 Choice to fancy Minnesota springs 5 25 @ 5 75 Patent springs 6 00 @ 6 50 Low grades 2 25 @ 3 50

WHEAT.--Red winter, No. 2 96 @ 98c; car lots of spring, No. 2, sold at 93-3/4 @ 95c; No. 3, do. 77-1/2 @ 81c.

CORN.--Moderately active. Car lots No. 2, 57-3/8 @ 57-5/8c; rejected, 46-1/2; new mixed, 48 @ 48-1/4c.

OATS.--No. 2 in store, closed 33-1/2 @ 33-5/8.

RYE.--May, in store 58 @ 58-1/2.

BARLEY.--No. 2, 62 @ 63c; No. 3, 44c.

FLAX.--Closed at $1 41.

TIMOTHY.--$1 25 per bushel. Little doing.

CLOVER.--Quiet at $5 90 @ 6 15 for prime.

PROVISIONS.--Mess pork, February, $14 45 @ 14 47-1/2 per bbl; May, $15 @ 15 05. Green hams, 8-3/8c, per lb. Short ribs, $7 42-1/2 per cwt.

LARD.--January, $8 75; February, $8 85.

LUMBER.

Lumber unchanged. Quotations for green are as follows:

Short dimension, per M $9 50 @ 10 00 Long dimension, per M 10 00 @ 11 50 Boards and strips, No. 2 11 00 @ 13 00 Boards and strips, medium 13 00 @ 16 00 Boards and strips, No. 1 choice 16 00 @ 20 00 Shingles, standard 2 10 @ 2 20 Shingles, choice 2 25 @ 2 30 Shingles, extra 2 40 @ 2 60 Lath 1 65 @ 1 70

COUNTRY PRODUCE.

NOTE.--The quotations for the articles named in the following list are generally for commission lots of goods and from first hands. While our prices are based as near as may be on the landing or wholesale rates, allowance must be made for selections and the sorting up for store distribution.

BEANS.--Hand picked mediums $2 00 @ 2 10. Hand picked navies, $2 15 @ 2 20.

BUTTER.--Dull and without change. Choice to extra creamery, 32 @ 35c per lb.; fair to good do. 26 @ 30c; fair to choice dairy, 25 @ 30c; common to choice packing stock fresh and sweet, 20 @ 25c; ladle packed 10 @ 13c; fresh made, streaked butter, 9 @ 11c.

BRAN.--Quoted at $11 87-1/2 @ 13 50 per ton; extra choice $13.

BROOM-CORN.--Good to choice hurl 6-1/2 @ 7-1/2c per lb; green self-working 5 @ 6c; red-tipped and pale do. 4 @ 5c; inside and covers 3 @ 4c; common short corn 2-1/2 @ 3-1/2c; crooked, and damaged, 2 @ 4c, according to quality.

CHEESE.--Choice full-cream cheddars 12-1/2 @ 13c per lb; medium quality do. 9 @ 10c; good to prime full cream flats 13 @ 13-3/4c; skimmed cheddars 9 @ 10c; good skimmed flats 6 @ 7c; hard-skimmed and common stock 3 @ 4c.

EGGS.--In a small way the best brands are quotable at 25 @ 26c per dozen; 20 @ 23c for good ice house stock; 18 @ 19c per pickled.

HAY.--No. 1 timothy $10 @ 10 50 per ton; No. 2 do. $8 @ 9; mixed do. $7 @ 8; upland prairie $8 00 @ 10 75; No. 1 prairie $6 @ 7; No. 2 do. $4 50 @ 5 50. Small bales sell at 25 @ 50c per ton more than large bales.

HIDES AND PELTS.--Green-cured light hides 8c per lb; do. heavy cows 8c; No. 2 damaged green-salted hides 6c; green-salted calf 12 @ 12-1/2 cents; green-salted bull 6 c; dry-salted hides 11 cents; No. 2 two-thirds price; No. 1 dry flint 14 @ 14-1/2c. Sheep pelts salable at 28 @ 32c for the estimated amount of wash wool on each pelt. All branded and scratched hides are discounted 15 per cent from the price of No. 1.

HOPS.--Prime to choice New York State hops 25 @ 26c per lb; Pacific coast of 23 @ 26c; fair to good Wisconsin 15 @ 20c.

POULTRY.--Prices for good to choice dry picked and unfrozen lots are: Turkeys 14 @ 15c per lb; chickens 10 @ 11c; ducks 10 @ 12c; geese 9 @ 11c. Thin, undesirable, and frozen stock 2 @ 3c per lb less than these figures; live offerings nominal.

POTATOES.--Good to choice 35 @ 40c per bu. on track; common to fair 25 @ 30c. Illinois sweet potatoes range at $3 @ 3 50 per bbl for yellow. Baltimore stock at $2 25 @ 2 75, and Jerseys at $5. Red are dull and nominal.

TALLOW AND GREASE.--No. 1 country tallow 7@7-1/4c per lb; No. 2 do. 6-1/4 @ 6-1/2 c. Prime white grease 6 @ 6-1/2 c; yellow 5-1/4 @ 5-3/4c: brown 4-1/2@5.

VEGETABLES.--Cabbage, $8 @ 12 per 100; celery, 35 @ 40c per doz bunches; onions, $1 00 @ 1 25 $ bbl for yellow, and $1 for red; turnips, $1 35@ 1 50 per bbl for rutabagas, and $1 00 for white flat.

WOOL.--from store range as follows for bright wools from Wisconsin, Illinois, Michigan, Indiana, and Eastern Iowa--dark Western lots generally ranging at 1 @ 2c per lb. less.

Coarse and dingy tub 25 @ 30 Good medium tub 31 @ 34 Unwashed bucks' fleeces 14 @ 15 Fine unwashed heavy fleeces 18 @ 22 Fine light unwashed heavy fleeces 22 @ 23 Coarse unwashed fleeces 21 @ 22 Low medium unwashed fleeces 24 @ 25 Fine medium unwashed fleeces 26 @ 27 Fine washed fleeces 32 @ 33 Coarse washed fleeces 26 @ 28 Low medium washed fleeces 30 @ 32 Fine medium washed fleeces 34 @ 35

Colorado and Territory wools range as follows:

Lowest grades 14 @ 16 Low medium 18 @ 22 Medium 22 @ 26 Fine 16 @ 24

Wools from New Mexico:

Lowest grades 14 @ 16 Part improved 16 @ 17 Best improved 19 @ 23

Burry from 2c to 10c off: black 2c to 5c off.

LIVE STOCK MARKETS.

The total receipts and shipments for last week were as follows:

Received. Shipped.

Cattle 25,594 13,722 Calves 353 166 Hogs 45,376 31,864 Sheep 14,206 8,903

The live stock receipts are increasing, and show a large gain over last week.

CATTLE.--The receipts for Sunday and Monday were rather large, being estimated at 6,800 head of cattle, as against 3,700 received in the corresponding time last week. Shipping grades of cattle were active and firm yesterday at $5 @ 6 67-1/2, exporters taking a fair number. Common lots were lower, with sales to dressed-beef buyers as low as $4 25. A good share of the day's trading was done at $5 70 @ 6 60. Quotations are as follows:

Fancy fat cattle $ 6 75 @ 7 00 Choice to prime steers 6 05 @ 6 70 Fair to good shipping steers 5 55 @ 6 00 Common to medium steers 4 25 @ 5 50 Butcher's steers 4 50 @ 5 00 Cows and bulls, common to good 3 00 @ 4 25 Inferior cows and bulls 2 00 @ 2 95 Stockers 3 40 @ 4 40 Feeders 4 25 @ 4 75 Milch cows, per head 25 00 @55 00 Veal calves, per 100lbs 4 00 @ 7 25

HOGS.--The receipts Sunday and Monday were estimated at 18,000 hogs, against only 6,700 received in the corresponding time last week. Although the receipts have been increasing during the last few days, supplies are still remarkably small for the first half of January. The great bulk of the crop has undoubtedly been marketed, but there are known to be a very good number still unmarketed, and it is believed that farmers are unwilling to ship freely to this market while packers are so largely inactive, fearing a decline in prices. Shippers have been taking most of the hogs lately. Butchers took in the neighborhood of 1,900 hogs, leaving a few thousand still unsold. Sales were made of heavy at $5 10 @ 6 25; light at $5 10 @ 5 75, and skips and culls at $3 50 @ 5.

Note.--All sales of hogs are made subject to a shrinkage of 40 lbs for piggy sows and 80 lbs for stags. Dead hogs sell for 1-1/2c per lb for weights of 200 and over and for weights of less than 100lbs.

SHEEP.--The market opened with a good supply, the receipts for Sunday and Monday being estimated at 2,500 head, as against 1,968 received in the same time last week. There was an active local and shipping demand for all desirable offerings, and prices ruled firm at the recent advance, sales being made of fair to choice at $3 65 @ 5 60.

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COMMISSION MERCHANTS.

J.H. WHITE & CO.,

PRODUCE COMMISSION

106 WATER ST., CHICAGO.

Refers to this paper.

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