Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-07
MARKETS BY WIRE.
Warm Weather in the Northwest Parnlyzes
the Grain Pit-Everything Weak and
Lower = Discouraged Longs
Throw Their Burdens
Down-Pork Active

Throw Their Burdens
Down-Pork Active
and Unsettled.
CHIcAGo-The wheat pit was dominated to-
day by bearish influences and the feeling be-
came weaker as the session progressed. Prices
receded to the lowest level touched this week,
there being decline as compared with yester-
days close of a full cent in the more deferred
deliveries. 1t was so apparent from the start
that if the market was to get out of the rut 1t
had been in for a couple of days it would have
to breaF. and with the weather fine and news
from the East and abroad depressing in the e1-
treme, nobody was surprised at the initial de-
cline of 1s@ssc. Instead of a cold wave coming
the weather in the West was warmer and gen.
orally clear which allayed all fear Of frost Tor
the present and weakened prices on the whole
grain list
For time speculative trade dragged, but
toward noon the unloading by discouraged
and tired longs was followed by short selling
on pretty large scale and the Market sagseu
rapidly. The principal local feature was tne
selling out of long wheat late IN the session.
Tho weakest future in the list to-day WIS May.
1t broke l1sc and closed at the bottom. Decem-
Der showed net loss of lc, and september ana
October declined Tc. There was correspond
ing decline in all grades of cash wheat.
An active business was done IN corn during
the early part of the day, trading being un-
usually heavy around the opening, after which
the pit became quiet and acuVe py tuIns.
Fluctuations were frequent WITHIN zagasS
range The feeling developed was weaker and
transactions were at lower prices. Ihe local
crowd was long and as the frost predlcteo ior
last night did not materialize, offerings on the
opening were heavy. Initial trades were go
Lc below the closing of yesterday, and under
liberal offerings decline of 17c more was re-
corded. The market then reacted little on
buying by shorts, ruled weak and closed 5000
1ar1ro z fhar1 vTnNf
Oats were weaker and 16@Zc lower. The
weather was fine and cool, and the corn mar
ket weaker and lower. This induced fair SELL
ing and caused depression in prices, as the
demand on the whole was light.
A fairly active trade was reported in mess
pork, but the feeling was unsettled. Prices
ruled irregular; rather easy at the opening, put
soon advanced 1213@l5c. Later they gradu-
ally receded again to inside figures, but near
the close rallied again and closed compare
lively steady.
market was easy, early sales were made at 214@
&c decline. Later the market was stronger
with moderate inquiry from shorts, and the
decline was recovered. Toward the close the
feeling was easier and the market closed quiet
at medium figures.
A fairly active business was reported in
short ribs. The feeling however, was unset
tied and prices ruled Irregular. The market
opened steady at yesterdays prices, but soon
weakened and finally closed quiet.
The leading futures ranged as follows:
WHEAT-No. 2 October. 77A@77A@76ss@
56Sc; Decemeel 5Ss@7S%@5s97se;s s0Jsa year
CoRN-No. 2 October. S355S@3333z z93S1s@
6S31sc; November, 333s@SS1 5@S3S33c; Decem-
Der. SSA@3S1l @S254@S2&c.
pssen5ef S1HSs' SssS9s5 Sss SS
MISS PORK, per bbl.-october. $40 55@1O $50
10 5O@l0 671S; January, So l21aG9 l214@9 o5@
LARD, per 100 bs-october S. se@5 s216;
S. 1895 7211S.
SHORT RIBS. per 100 bs.-october, 81 $50
4 e5l4 s21aQ4 IS; January, 81 COCA 6215@4 571a
Cash quotauons were as follows: Flour
quiet and unchanged. No. 2 spring wheat,
7614Ql634c: No. 3sprng wheat, 6SG691ac; No.
red, 76Z@763sc. No. 2 corn. 391ac. No. oats,
l9c. No. 2 rye. 42c. No. barley nominal. No l
faxseed. 81 2734. Prime timothy seed, 81 36.
Mess pork, per bbl. SO 65@l0 20. Lard, per 100
pounds, Sc 021a@6 O5. Short RIB sides Qoosel.
$ OO@5 05 Dry salted shoulders (boxedl. S4 50
GA 65. Short clear sldes (boxed), S. 371aQ5 90.
Receipts-F1our, l3.G00 barrels; wheat, $4,000
bushels; corn, Az, 900 bushels; oats, 243, 600
bushes;rye, $1,000 bushels; barley, 00OO bushels.
Shipments-Flour, 5000 barrels: wheat l3l,-
600 bushels; corn 245, 900 bushels; oats IA, 900
bushels; rye, 1000 bushels; barley 5000 bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs at l41a9l5c.
NEW YoRK-Flour dull and heavy. Wheat
Spot dull, and 1@34c lower and weak; options
moderately active, and %@lc lower and heavy.
Rye dull western 49G5iIsc.. Barley duh and
heavy; Canada, 70975c asked. Barley malt
dull; Canada, S5@94c. Corn-Spot active, and
14@15c lower ana weak; demand chiefly for
export; options dull and 1a9lc lower and heavy.
Oats-Spot, fairly active for export and easier;
options dull and lower. Hay lower; good to
choice, 60G90c; shipping, 5OG7oc. Hops weak
as points up; closed steady, 3O@S5 points up;
short covering; sales, $500 bags, including
September; l6SO@l37oc; October, $50
SlaSi SaT NSySee e T Sse! DHee% e s6o
spot S RIO rSei; fain Ma o.rsoes 1ss iR92c isc
Sugar-Raw strong and in better demand: CEN
trifugal, $50 test &c; Muscovado so test, 5ssc;
Sg' test, o5sc; refined fairly active and firm.
Rice in fair demand and steady. Cottonseed oil
quiet. Tallow easy. Rosin steady and in fair
demand. Turpentine frmer and quiet at 441S@
45c. Eggs easy; Western, FGlS4c; receipts,
3.2u5 packages. Pork firm; mess. inspected
Sl3. Cutmeats stronger. Lard steady on near
deliveries; weak on new crop: western steam
quiet at Sc 1906 As; September, s6 40; october,
S6 80; November, S6 1S closing at S6 l6; Decem.
Der, s6 TO- Butter-Choice stronger and in fair
demand; western dairy, 9Dl2115c; do creamery,
ll@l9c- Cheese higher and more active; West
ern, 611G71%c.
PHILADELPHIA Flour dull and prices
barely steady. Wheat weak and prices de-
clined 15G;4c; No. red, on track, 76c; steamer
No. red, in export elevator. TIC; No. 2 red
in do. s0s4c: No. 8 red, September. S05sG1slc:
October. Slk9sls4c; November, S215as25Sc; De.
cember. S333@s3S4c. Corn-Options dull and
a shade easier; car lots quiet but steady: No. 2
high mixed, in grain depot, 4Sc; do, on track,
4S1zc: No. 2 yellow, on track, 1910: No. mixed,
in grain depot, 49c; do. on track, 1870; No. 2
yellow. on track. 1870; No. 2 mixed. Sep
tember. 4l2l@421<c; October, 42@42Lc; Novem-
Der. 421I@43c; December, 4115@4215c. Oats
Car lots tirmer but less active; No. 2 mixed,
2315c: No. white. 24c; do, on track, 24%c;
No. white. 26%627c; choice, 2915c: fut.
nres quiet and shade easier; No. white.
September, 2G9262c: October. 2714@27s4c;
Butter strong; Pennsylvania creamery extra.
l9c; prints extra, 22@26c. Eggs firm; Penn,
svlyania firsts 20c