Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-28
MARKETS BY WIRE.
Wheat Opens Stronger on BulIish News
From the Northwest, but WeakeHs
Under Free Realizing-P Pork


Declines and Rallies.
CHIcAGo-There was fair trade in wheat
to-day, and the feeling was little unsettled
There was considerable covering by shorts both
for December and May. and also good deal OIL
realizing for May. Some foreign buying orders
were also executed for May delivery. The market
opened up very strong, and prices were A@ssc
higher. Later they declined lLc for December
and 2zG5sc for May, ruled easy and closed &c
lower for December and 5clower for May than
closing figures on yesterday.
The strong opening was due partly to the
firm tone of cable advices. Local operators
too, were bullishly inclined, influenced by the
strong news from the Northwest, which quoted
= sharp demand for cash and reported some
large lots having changed hands at good prices
1t was also rumored 1900 bushels of winter
for export here, and only scarcity of vessel
room prevented the working of some orders
for both Chicago spring and Duluth hard
wheat. One party here had inquiries for ~
loads Of fancy hard special bin wheat stored at
Buffalo.
The later weakness was due in part to rather hi;T
free realizing. The receipts at Minneapolis
and Duluth continue liberal. but farmers oe-
lIveries are reported to be much smaller.
COrn-Very little interest was manifested IN
this market trading being light and almost en-
tirely local with limited to kc range. The
feeling prevailing was comparatively nrm,
though no material change in values was re-
corded except for November, which was nearly
lc higher. he unsettled weather was looked
upon as Strengthening feature and offerings
were not as liberal as on yesterday. The spec
ulatiVe market opened shade above yester-
day. was firm most of the session, receded
trife, became dull and lifeless and closed
slightly higher than yesterday.
Oats were quiet and without important fea-
check arrivals for the present. There was fair
covering by shorts. but offerings being moder-
ate quiet and steady feeling prevailed.
Mess pork-A comparatively light trade was
reported and there were no particular changes
to note. Early prices ruled sc lower Toward
the Close the market was steadier and the de-
cline was recovered.
Lard-Trading was exceedingly limited.
Prices were without material change.
Short rib sides-There was only moderate
trade reported and there were no particular
changes to note Prices for November were
advanced 1512Oc owing to scarcity, but other
deliveries were unchanged.
The leading futures ranged as follows:
WHEAT-No. 2 December. SOz@s014@79sS@
9; 9gsse; January, Sl@SlGSO<QSO1zc; May, s41k@
CoRNeNo. z December, SlK@slk@sl1S@
SIz4c; January, S054@Sl@S0N@3Ozc; May, SS1l@
0ETs-No. q December. 9OJz@@7Sa2Ok92Oskc;
January. 2o14@2O9S02O14@29zc; May, 2zQ22A
MESS FoRK, per bbL-Year. 50 15@s 2O@
May, 50 6215@9 6569 621S09 IS.
LARD. per 100 ns-December. IS s715@5 S77<
o. S7139@5 S718; Year, IS S711@5 S71S&5 SIG
S77z; May, IS 05@6 0774G6 o5G8 OH.
1904 s71E@4 SO: February, s. 1904 775I@4 75S
~; May, 81 95@4 9734@4 s5@4 971S.
Cash quotauons were as follows: Flour was
dull and steady. No spring wheat 790791Sc;
No. Sspring wheat. 64G66c; No. red. 7S@9Tc.
No. corn. SSQSS1zc- No. oats. 201zc. No. 2
rye. 441Se No. barley Sc. M. 1 fia1-
seeG. 81 S$ Prime in timothy seed. 81 20 Mess
9 921& Short rl6s sides aoose), S. O0G5 3771z
Dry salted shoulders (boxed), 81 371z@4 So
Short clear sides (boxedl. IS 25G5 S71<. sugars
barrels; wheat. i6loOo bushels: corn. $4,000
bushels: oats l52 600 bushels; rye 20 900 bushels;
barley, 10000 bushels. Shipments-F1our, 81, 900
barrels; wheat 1900 bushels; corn. $1,000
bushels; oats 164, 900 bushels; rye, 5000 bushels;
barley, 5000 bushels.
On the Produce Exchange to-day the butter
market was steady and UNCHANGED. Eggs,
22G25c.
NEW YoRK-Flour moderately active and
weak; free sellers. Cornmeal steady and in
fair demand; yellow western 81 2562 65. Wheat
Spot unsettled, weak and moderately active;
options fairly active, H@1<c lower and weak.
active and higher, closing easy; options fairly
active and stronger. Oats-Spot frmer and
fairly active: options firm and quiet Hay
quiet and steady. Hops firm and in fair de-
mand. Cofee-Options opened steady and
points up to Is points down; closed firm and un-
changed to Is points up: sales, $3.50 bags. in
cluding November. 1850: December, 167O@
@l6 loo; March, 1850 15c; April, 6l0c; May.
16059l620c; June. 1610ll6.15c; July, 1000
l6. l5c; September, 1000; October, l5.S06l685c;
iss&c; $50 No. urn fTl@fTSe' e. Sugar snT carfSsS RsS
firm and fairly active; sales, os65 bags English
island molasses, 80 test, 9-l6c; 700 bags De-
zil, $40 test. &c; refined firm and in fair de-
mand- Molasses-Foreign nominal; New Or
leans fairly active. Rice steady and fairly ac-
tive. COttonseed oil firm. Rosin steady and
quiet. Turpentine quiet and firm at 465z@47c
Eggs quiet; Western,s 2611c; receipts, Ais
packages. Pork strong. Cut meats unchanged;
middles, strong: exporters quiet Lard West
Sc 90; options sales of 800 tierces, closing at
Sc Is; January, Sc 2666 80 closing at Sc 80; Feb
ruary, So 35 bid: March, So 81 closing at S6 80
bid; April, IS 4S bid; May, Sc 45 closing atS6 48
M1NNEAPoL1s--There was a steady tone to
the cash market for the opening, and it was not
difficult for sellers to put up prices of milling
wheat to keep even with the advance in
futures. Later. when prices IN the pit fell of,
losing the early advance, sellers of cash wheat
refused to follow, and prices held firm, though
trading was less active. Local millers were
taking little, shippers are buying some and
early, although the last named class of buyers
retired early. Receipts of wheat were 479 cars
and shipments lbs cars. Closing quotations:
No. hard November, Tssc; December, 77sSc;
751Sc; December, 751Sc; May, S15zc; on track
7614c: No. 2 Northern, November 72c; Decem,
Der, 72c; May, 7s1zc; on track, Z2@74c.
NILwAUKEE-FIour fairly active. Wheat
regular: cash 7233Sc; May, 7S1<c: No. North
ern, Sic. Corn easier; No. 8, 29@2g1Sc. Oats
steady; No. white, 221z622Ac Rye easy: No.
l, 441z@441zc. Barley quiet; No. 2, 475I64Sc.
Pork, SO AZ. Lard, S. 921<. Cheese un-
changed
ToLEDo-Cloverseed active and steady; cash.
November and December, IS IS; February.
So 20; March. So So
BUSINESS NOTES.