Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-11
MARKETS BY WIRE.
Whent Bulls Routed Horse. Foot and
Dragoons-A Downward Plunge That
Carries Everything With 1t
Corn Weak-Oats Drop


Corn Weak-Oats Drop.
OUT of Sight.
CHIcAGo-For the last day of q dull
week in wheat speculative trading was
active. Everything favored lower prices, and
downward dip Of Ac was witnessed before
noon. September went to 1910, and December
to T1sc. So uniformly depressing were the
surroundings, that the bears appeared at last
to have the courage Of their convictions, and
they went at the market with a rush right from
the start. The decline was accelerated by the
unloading of numerous lines of long wheat
some of which were pretty large ones and by
local parties that all along had been regarded
as the most radical bulls on the floor.
The impression that the Government crop
report would be more favorable than the last
was so general that the market took on its in
itial weakness from that cause. Next in i'm
portance to the bear side. was the clear, cool
weather reported in the Northwest When the
market got down around 771s@77Nc for Decem-
ber about noon, it hung pretty stubbornly for
a time. and though heavy, the decline was
checked by good buying. principally by shorts.
Half an hour or SO before the close it weakened
again, this time touching TIC, md at the close
TIC was the market being net loss for the
day on December Of &c, and for the week Of
11sc.
heavy. and the volume Of business larger than
for many days past. Offerings were large
longs" selling and shorts covering. The
weaker tone was attributed mainly to large,
movement and break in the cash market. The
country were large sellers and shippers sold
freely early in the session. The market opened
&c below the closing prices OF yesterday, was
clined without reaction Ssc, rallied little,
became easy. closed ss@Ac lower than yester-
day.
Oats were active, weaker and lower than for
any time in ten years. The weakness and de-
cline was due to continued free receipts. Free
general selling for local and outside parties re-
were depressed by the large offerings of cash
property and decline of 10 In the market for
samples. Prices for futures declined &G14c
and closed at about inside figures.
A fairly active trade was reported in mess
pork with considerable fluctuations in prices
within narrow range. Prices declined l0c
a.rng the early part OF .ns day but rasd 6@
Some interest was manifested In the lard
market and the feeling was easier. Prices de-
clinsd 5@711c and the market closed quiet at
A fairly active trade was reported in short
ribs and the feeling was comparatively steady.
Early the market was weaker and prices re-
ceded 24G5c. but rallied slightly and closed
The leading futures ranged as follows:
WHEAT-No. q September, 75s4@75X@75H
@75se; December, Ts4@7724GHG7714c; year,
CoRN-No. 4 September, s5sz8355z@35635c;
oS!obsg, ssSAsGs5s4@a'1s@a51sc; December. $50
Oars No. 4, September. 2OA@20A@ A@2O@2Oc;
October. 20h@2sc; December, 2l@2l@As4@
20Ac.
MISS PoKx, per bbl.--septenber. $40 80
SlO ssSlS @ SSa sS9lo s7' October $40 a5SlO s7l
LARD, Per 100 ns:-seprember. So 45@e ~;
October, s6 AO@e 4211@6 s50e 40; year, s6 021fS
as 05
SHORT RIBS per 100 bs.-September. IS 40
5 4211; October, IS 40G5 421z@5 40Q5 4211S; JAM
uary. 81 9594 9711@4 90@4 IS.
Cash quotations were as follows: Flour
quiet. Southern winter 10c lower. No. q
sbring wheat, 75sSc: No. spring wheat, TOO
72c; No. red, 1880 No. 2 corn, 351Sc.
NO. oats, 1870. No. 2 rye. 42943c. No.
barley, nominal No. / naxseed, 81 20@l 2l.
Prime timothy seed. 81 42Q1 A. Mess pork,
per barrel. SO 55@l0 go. Lard, per 100 pounds,
50 371S@S 40 Short RIB sides (looset, s5 4095 so.
Dry salted shoulders (boxed), unchanged.
Short clear sides (boxed), unchanged. Sugars
Cut loaf, 914@91zc: granulated, SIC: standard
A, SIC. Receipts-Flour, 5000 tArrels; wheat,
I22 600 bushels; corn 1872 900 bushels; oats $4,000
bushels; rye, LOCO bushels; barley 1000 bushels
shipments-Fiour, 5000 barrels; wheat, l40, 900
bushels: corn. 5000 bushels: oats, I'll, 900
bushels; rye. none; barley, 1000 bushels.
On the Produce Exchange to-day the butter
market was fairly active but unchanged. Eggs
in good demand at l211c.