Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-11
MARKETS BY WIRE.
Bullish Feeling in the wheat Pit, With
Gains All Round at tho Ciose-Corn

Buliish Feeling in the Whent Pit, With
Gains All Round at tho Ciose-Corn
and Oats Stronger-Pork Quiet.
CHIcAGo-Trading in wheat was very extern
sive to-day, and decidedly bullish feeling pre-.
vailed. Yesterdays big buying by prominent
local shorts started the market, and to-day's
influences started further sharp appreciation
in values. A large trader SOLD quite freely.
The view taken by some Of the traders is that
the short interest is accountable for the sudden
turn, while others predict an era of active
speculation and still higher prices. To-day's
movement did not have the appearance of a
strained market The opening was K@sSc
hlgher than yesterdays closing, ruled a triae
easier thereafter, prices receding about 14c.
Inls movement was followed by steady ad-
vance of l@l1sc, and the closing was Nc higher
Tor December and ne higher as for May than
Yesterday. A rumor that the Government crop
report would show further shortage of some
zoOOOOO0 bushels no doubt was one OF the prin-
clpal influences which gave impetus to the ad-
vance of to-day. The liberal export clearance
mad decidedly Strengthening effect.
A good trade was reported in corn, and the
feeling was firm and trading was at higher
prices. The better tone and advance was at
trlbuted TO covering by December and May
shorts, as also the strongest feeling in wheat.
The volume of business was quite large, espe-
Sially in May which ruled firm on good buying
by large local Spectator and one or two COM
mission houses. Offerings of the near futures
were quite light at times, but there was some
changing of October to May at 233sc premium
for the latter month. The market opened firm
at yesterdays closing prices, and under good
local demand advanced 14@3sc, became quiet
but firm, and closed A@5sc higher than yester-
day.
There was less doing in oats to-day, but
stronger feeling was developed and prices re-
acted &c from the recent break under good
demand to cover shorts. One prominent opera
tor covered large line. The cash end OF the
market shared in the strength shown by May.
Provision traders obtained a little rest to-
day from the October pork deal. A few lots of
new pork, rendered on October contracts, were
refused to-day and sold out at auction at
$40 471&@l0 SO. The straight October delivery
closed mominally at $40 50.
In the general product trade the leading
feature was increased activity. January pork
sustained an advance of SC and October and
January short ribs of PIC. November short
ribs were unchanged. For January, the favor
lite month, pork sold at So 3211595 Is, lard at
S. 9095 971a and short ribs at 81 1904 T1a.
Cash. buyers made rather small purchases.
Shipping and exporters were under an average.
The leading futures ranged as follows:
WHEAT No. z October, SlsL@S25s6Slsl@
S255sc; December, S4GSjGSS s6lS455 IL: year. Slaz@
S255sGSl34 4@S25sc; May, S6z @S75s 1851 6@S75sc.
CoRN-No. Z October, 305s@3l1 s@S055s g3lc;
NeyembeT, NJ oS9A@Sl9 9@SoA@SlLse; December.
o&TsSSO octobegy osg 'ISSs isgiSSIsSsSts
November, lsI@lsl l@isi s@isIc; December.
lS}| lS}|4@lS119Gls114gls5sc; May, 2lX@22H@2l5s@
MESS PORK. per bbL-october SIC 50; Novem-
9 1908 l715; January, So 821969 1893 s2115@
3 G%.
LARD, per 100 ns-october Sc 10: Novem-
Der, s. 0Oa6 00@5 95@5 95; year, S. 9211SS; jan
uary, s. 9214Gl5 9o@5 9OG5 90
SHoET Sc RIBS. per loo ns--october S. o749
1894 756l4 ~.
Cash quotauons were as follows: Flour
in fair local demand and firm. No. spring
wheat S24gS25sc; No; spring wheat, CSC
No, 2 oats, ls75c. No. Frye. 4l4c for October.
No. barley, 64c. No. / haxseed. 81 %. Prime
timothy seed, 81 20. Mess pork per bbl, $40 As
@lO 50. Lard, per 100 pounds, S6 2O@6 Is Short
RIBS sides Qoosel S. 25@5 30. Dry salted
shoulders (boxedl, 81 25@4 so: short clear sides
tbOxed), S. S712Q5 50. Sugars, cut, loaf, SIC:
granulated, 73zc; standard "A, F" 75sc. Receipts
Wheat, l07. 900 bushels; corn. 2lSO00 bushels;
$4,000 bushels. Shipments-wheat,2 10000 bush
els; corn. 266,0O0 bushels; oats, l35 900 bushels
rye 5000 bushels; barley, 5000 bushels.
On the Produce Exchange TO-DAY the butter
market was tame; creamery, l6@23c; dairy,
13420c. Eggs very firm, fresh, lSQlyc.
NEW YoRK-Flour stronger; export demand
less active. home demand good. Wheat-Spot
moderately active and 1a@lc higher; options
unusually active under Wall street buying and
large orders from foreign houses, besides full
local buying; = prices rice are are 1895 higher and and
Spot less active and stronger: options fairly
active and strong. Oats-Spot fairly active and
steady: options firm and quiet Hay firm and
-, <o., 49,. r.
opened steady and unchanged to 5
points down, closed steady, soils points up;
sales d2 600 bags, including October, l50O@I5.l0c;
November; Asogl5 Ooc; DeeemleT IA o5c;
l5l0c; June. l490c; July. H.SOGl4.S5c: Septem-
Der. 1465Gl470c; spot Rio firm and quiet; fair
cargoes, IS1dc- Sugar-Raw nominal; fair re-
fining. 55s65lSc; centrifugals 96o test 6IS66l<c;
refined steady and IN fair demand. MoIsssesS
New Orleans quiet. Rice firm and quiet Cot
tonseed oil steady and quiet Tallow stronger;
city (S2 for packages), 434c. Rosin quiet and
nrm. Turpentine dull and firm at 414@4s1Sc
Eggs dull and lower; western, 2Oc; receipts,
z S24 packages. Pork lower; mess So OOQ1l2 so:
extra prime, $40 25@l0 50; Cutmeats quiet and
shoulders, 414@45sc; picked hams, $40
l01zc Middles steady; short clear, IS Is. Lard
easier and quiet; sales western steam at Sc TO1
rs, closing at Sc 20; October, So 6l@6 g. clos
6 S4Q6 8. closing at Sc 81 asked: January,
Sc S2@6 35. closing at Sc 30 asked; February
Sc 81 asked; March, Sc A asked Butter quiet
and easy; Elgin, 25@251zc: western dairy, ga
lac; do creamery, l2@24115c; do held at l2Gl2Oc:
do factory. 719@l3c. Cheese quiet and steady;
western, 9@l0c.
PHILADELPHIA-Flour-D moderate
and prices steadily held. Wheat firm and
higher; Nc: 2 red October, S3Sgs4c;. No
ary, S6@s615c. Corn quiet; No 2 mixed in
grain depot, 401Sc; No. 2high mixed on track,
sl15c; No. mixed October, 4O64O55c; Novem.
Der, 39sz@4014e; December, 39L@5S15c; Jan
uary, SS34@S9l4c. oats-CarIots steady; No. 8
white, 2617c; No. white, in Twentieth street
elevator, 2Sc: do in grain depot 2gIc; do |
choice, 2Ssz@29c; futures quiet, but steady:
No. 2 white, October, 275s@2sc; November,
lS@2skc; December. 2SI@QSAc; January
Eggs steady; Pennsylvania frsts,
&c.
MILwAUKEE-F1our steady. Wheat firm:
cash, 749sc: December 765sc: No Northern |
s2xc. Corn quiet: No. 8. Sl15c. Oats |
inll; No, 2 white, 2l1<G22c. Rye quiet; No. i, |
s31zc. Barley easier; No. 2, October, 55sLc'
firm. Pork, $40 Is Lard, Sc is |
Cheese unchanged.