Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-02
MARKETS BY WIRE.
Corn Still Panicky, With Sharp Break in
Prices Wheat Unsettled = Decem-
Der Down and May Up-POrk
is Rather O.

CHICAGO-Only moderate demand was re-
ported in wheat transactions to-day, and the
market ruled steady without any important
changes either here or at other markets. Be-
sides the usual local business there were some
few outside orders received, including some
buying orders again for May delivery on for
eign account. Foreigners of late have taken
fair quantities of May wheat. A good share OF
the business to-day was in the way of changing
closing out December and buying May. Prices
covered range of only 5S@1zc, and the closing
was Nc lower for December and nc higher for
May than closing prices of yesterday.
European market advices were generally in
dicative of firm feeling and in come instances
slightly better prices quoted. The export
cIearances were large OF flour and moderate OF
wheat Estimates on the visible supply were
for an increase of about 100000 to 16OO,OOO
bushels
Corn-There was very nervous and unset
tled FEELING among operators in corn when the
market opened to-day. After the excitement
attending the sharp advance it was uncertain
what course prices would take to-day. There
was not a great deal doing during the first hour
OF the session, November operators giving De-
cember their attention. The first trade in No
vember was reported at 60c, the next down to
oOc, afterward 81 was paid, when the offerings
were rather more liberal, and scattering trades
were made at the decline down to &c, and the
month closed at 32c.
1t was quite apparent after the first hour of
the session that good many short lines had
been settled quietly yesterday, some operators
placing the amount at 100000 bushels 1t was
said one line of 100000 bushels was bought in
around 5SQ6Oc, and small lots aggregating 15O,-
O0O bushels at about the same price. 1t was
also rumored that 10000 bushels was covered
to-day at about 6Oc by brokers who gave up the
name of a large local speculator, whose name
has been frequently mentioned with the late
bulge. After the break in November to 3Sc
the market began to assume its natural condi-
tlon, and December, which sold up early to
S2113c, broke badly touching 3lZc.
Oats were steadier earlier, one operator buy.
ing and advanced prices H@14c. An effort on
the part of several large traders to sell pro-
duced a weaker feeling, and the early advance
was lost At the close weak feeling pre-
vailed, last sales being at about inside prices.
Mess pork-Trading very light and the feel
ing weak. Prices ruled l00l5c lower for No
vember, and 215@5c on the other deliveries,
and market closed quiet at medium figures.
Lard-Very little trading and no particular
change to note. Prices ruled steady.
Short rib sides-Only limited business was
transacted. Prices without material change.
The leading futures ranged as follows:
WHEAT-No. 2 December. 79@7996@7S9@
591se; January. SO@SONGSO@SO1Sc; May. SAG
0'GftgSS-sSNSee72 GoSSSsNo. Z November, 6OaeO@82@a2c;
December, 31sS@S216 603lH H@8lllc; January, 8OI
@3l4 4@3ON@36szc; May, ,35s5 Q$5ss s@331s s@3814c.
oATs1So Beeem6er &c, 20z@2d7s@2O1s@2O1sc;
MESS Pork, per b6f-Year, 50 OO@s log
9 00@9 90; January. SO 21<@9 271&@9 221S@
9 2711S; May, SO 5715G99 621S@9 55@9 5711
LARD, per 100 Ds.-Year, $ S775Q5 s7k@
s S715; May, $6 0536 05.
SHORT RIBS, per 100 Bs.-Year. "a 771<@
"a 7771; January, 81 1894 1894 721z@4 7215;
May, 81 95@4 95.
Cash quotations were as follows: Flour
steady and unchanged; No. spring wheat 79c;
No. 8 spring wheat 6S965c; No. 2 red, 79c.
No. corn. 8I99c. No. ? oats. 2O@2O1sc. No.
seed. 81 3S. Prime timothy seed. 81 20. Mess
pork, per Dbl, SO 3718Q9 80. Lard. per 100 lbs,
S. 92H. Short ribs sides Qoose), S5 OOQ
changed. Short clear sides tbOxed). un-
changed. Sugars-Cutloaf, unchanged. Re-
ceipts-Flour, 1000 barrels: wheat. III 600 BUSH
els; corn, 900 bushels; oats, 5000 bushels;
rye, 900 bushels; barley, 5000 bushels. Ship
ments-Flour, 10000 barrels; wheat, N,0O0
bushels; corn 20l, 900 bushels; oats. 272,0O0
bushels; rye, 1900 bushels; barley $1,000 BUSH
els.
On the Produce Exchange to-day the butter
market was steady; fancy creamery, 2579@
2615c; fine, 20@22c; finest dairy 20Q22c; fine, IA
@l7c. Eggs. 2S@24c.
NEW YoRK-Flour dull and shade easier.
Corn-meal dull Wheat-Spot firmer and dull;
options dull. closing steady. Rye steady: sales,
5000: western quiet. Barley steady. Barley
malt quiet; Canada, 7773c. Corn-Spot active
and firmer; options dull and tiTmer. Oats-Spot
Hops firm and in fair demand. Coffee opened
steady for options 10 points down; closed
steady, 50l0 points down; December, 1900
10 S5c; January. l5;7Og!5 soc; Fe6ruary, lS.IOg
16.S0@l5.90c; June. 1575@l5S5c; October. l5.5O@
is. .60c; spot Rio dull and nomlnal; fair cargoes
1870 Sugar-Raw active and higher: fair re-
filming, 51lc; centrifagals. $50 test, &c; sales,
10, 600 bags Rio grade to arrive: SO test.
43 Lice: refined firm and in good demand.
nominal. Rice steady.
Cottonseed oil quiet Tallow easy at 9-16c
Rosin steady and quiet. Turpentine steady
and quiet at 46@4611c. Eggs firm; Western,
&c; lined, 17@1S15c; receipts, ,l97 packages.
Pork active and strong; mess Inspected, Sll %
prime, pI 50 5O@s IS. Cut meats firm: picked
bellies, 554@55lc; picked shoulders, 5ZQ515c;
picked hams, 9@91zc; middles strong. Lard
quiet and easy; sales, ,25O terces steam, u 30,
December, Sc 26 bid: January, $6 29. closing at
So 30; Febi uary, $6 "a; March, S6 40, closing at
So 40: May, So 46. Butter-extra fresh firm;
Western dairy, 9@lSc; Western creamery, lS@
Cheese quiet; Western, 775QlOc.
NATURALIZATION quiet wheat-Op-
tions quiet and Nc lower; desirable milling
grades in small supply and firmly held; fair to
good milling wheat. SOQS5c; choice ana fancy
SOc; December, 791<0S0c; January, Sl0SlAc;
'8254@8S1zc. Corn-Good inquiry for
export and option; prices ruled firm; specula-
on track, 37c; new No. 2 high mixed, in Twen.
tieth street elevator, 43c; old No. mixed,
in export elevator, 4ls4c; do, on track, 44c; No;
mixed, November. 4l942c; December SSA@
3e16c; January, 383z@39c: February, 3Ss4@4Oc
Oats-Carlots steady but trade quiet; No.
white, 2815@2S3zc; No. white. 291zc; futures
quiet but steady; No. white, November. 90
9S%c; DecembeT MI 2914qZsNc; January; " jzSgzsS4c;
demand; Pennsylvania creamery, extra, &c; do
prints, extra. SS@9sc. Eggs steady for fresh;
Pennsylvania firsts, &c; held at 22@SSc
MINNEAPoLIs-Ther was less wheat offered
on the tables to-day and sellers of milling
wheat were not alarmed by the apathy of
buyers early. Stiff prices were asked for every
thing that would grade No. Northern, while I
most of the low grade wheat was worked on
before the close. The blackboard encouraged
holders only SN cars being posted as receipts
here and 1873 at Duluth. Shipments from
we're 60 cars. Local elevators
were buying little OF the No: Northern me- 11 on
milling account. The tables were quite weH
cleared at the close. Closing quotations: No.
hard, November. TIC; December, 771zc; May,
vember. 747Sc: December. 7455c; May. size; on
track, 761S@765zc; No. Northern, November,
1lc; December. 7lc; May, 7Sc: on track, 7OQ14c.
ST. LoUIs-Flour-Dul weak and TN
changed: Wheat-The market sold 1Sc lower
the close was 1sQ1zc above yesterdays: No. 2
red, cash, T75k@77szc; December, TH@78
closed at 7Sc bid; January, 79c, closed at 7Sc
bid; May. S31sGS35Sc, closed at SS11c asked; |
July 791zc, closed at 7915c bid. Corn-Dull and
ower; No. 2, mixed, cash. 2S1zc; December,
27ss@272&c, closed at 27sS927a4c asked. Oats
irm; No. 2, cash, 2Oc: November. 2lc; May,
2218c: December and January, zoe bid. Rye
No. 2, 4Oc bid, Ale asked. Barley-Qulet and |
Easy; Minnesota, 58c; Wisconsin, 54e. Flax
'eed, 81 Is. Provisions quiet and steady. Pork |
aWer at $40 0O0l0 IS