Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-12
MARKETS BY WIRE.
Wheat Bulls Routed Horse, Foot apd
Drngoons-A Downward Plunge That
Carries Everything With 1t
Corn Weak-Outs Drop

| surroundings that the bears appeared at last
| to have the courage of their convictions and
they went at the market with 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 T1s@771<c for Decem-
her about noon, it hung pretty stubbornly for
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 nc, nnd at the close
| TIC was the market, being net loss for the
day on December Of PC, and for the week of
| lLsc.
| Corn was active and weak. Trading was
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
steady for a time, but soon ruled weak and de-
clined without reaction &c. rallied little,
became easy. closed 5s9slc lower than yester-
day.
Oats were active. weaker and lover 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-
| suited, especially of the new features which
were depressed by the large offerings of cash
property and a decline of lc In the market for
samples. Prices for futures declined Ss@16c
and closed at about inside fgnres.
Eag. A..
pork with considerable fluctuations in prices
within narrow range. Prices declined l0c
during the early part of the day, but rallied 5@
DC later and closed comparatively steady.
Some interest was manifested In the lard
market and the feeling was easier. Prices de-
clined 5G715c and the market closed quiet at
medium figures.
ribs and the feeling was comparatively steady.
Early the market was weaker and prices re-
ceded 21aG5c, but rallied slightly and closed
steady.
The leading futures ranged as follows:
MHEAT-No. 2 September, 75s4@75H@75S
@75Ac; December, 7734@Hs467GH14c; year.
coRNSNo: september, s5sS@S5sS9s56s5c;
October, 9S5a4@SS1s@SS1sc; December. s59S
US5ssGS4z4Q44c.
October. 2OK@209sc; December. 2a1@SZS
2OAc.
sIo eSSlS I so9lO 575s; October, SO s5Slc s71s:
LARD. per 100 bs.-septenber, s6 1895 421s:
October, s6 4OG6 1906 s59S 40; year, So O2tl
saoET sJI9 d!a' RIBS per Ieo n.szsepte@beI s. 40
uary. 81 S5G4 971S@4 90@4 9d
Cash quotarons were as follows: Flour
spring wheat, 75ssc: No. @ spring p~sf Wheat 7S6
72c; No. 2 red, 1876. No. 2 corn. 351sc.
No. 2 oats, 1919. No. 2 rye. 42@43c No.
2 y barley; nominal: No; lfs1sesd, 8 9OGl q.
per barrel. $40 55@l0 60. Lard, per 100 pounds,
50 SI1&Q6 40. Short RIB sides Qoose), IS logs So
Dry salted shoulders (boxed). unchanged.
Short clear sides (boxed), unchanged. Sugars
Cut loaf 91z@912c: granulated, SIC; standard
A, SIC. Receipts-Flour, 5000 barrels, wheat.
l22U0O bushels; corn. SS 600 bushels; oats $4,000
Shipments-Flour, 5000 barrels: wheat, 10000
bushels; corn. 65OU0 bushels: oats, 2Il,OOO
bushels; rye. none; barley, 200 bushels.
sOn the Produce Exchange to-day the butter
market was fairly active but unchanged. Eggs
in good demand at l213c.
NEW YoRK-Flour heavy and dull. Wheat
Spot dull, weak and Kc lower; options
Barley malt guiet; Gaaaas- sSca asI yS f% SfsSi "a
and new. Corn-Spot moderately active and
steady; options moderately active and weaker
0ats.spot duh and steady; options moderate.
ly active and steady. Hay firm and in good
demand: shipping 65@70c; good to choice, S5c6
81 90. Coffee-Options opened steady at lof125
points up; closed steady at 1890 points up:
sales %. $50 bags. including August l52Oc: Sep
tember 15254 l530c; October and November.
l5.S0@l5.35c; December, l525@l5 35c: January
10 IIS.S@O9lS;S5c; @ February, l6.85c; March, l5.3O@
quiet; fair cargoes, lS1Ic. Sugar-Raw nom.
inal; refined quiet. Molasses-Foreign nominal;
New Orleans quiet Rice steady and quiet; do
steady; crude, s5c; yellow, 4s946c TalIow easy
Rosin quiet and steady; strained, common to
good; 81 05@l 10 Turpentine firm and quiet
western, l514@l6c; receipts. 1871 packages
Pork quiet and steady; mess. inspected, Sl2 90
gi2 %; mess, uninspected, sll 7o@l2 90: extra
prime, Sll o. Cutmeats dull. Lard-Options
dun and easier; western steam quoted at 8 70
@6 IN; sales of 500 tierces western steam at
So 7215 and $50 tIerces do, delivery in two weeks
closing at s6 Il; November. s6 r. L; Decemberl I
Sc 49, Butter-Extra firm; others weak; west |
ern dairy. l0@l219c; do creamery, ll@I7c; do |
factory: S9l212c. Cheese weak and quiet; west
ern, 6G7c.
ST L0UIs-Wheat lower; the market was
weak all through, but more especially for De- |
cember, which had free selling all the session, |
and when that option closed lc lower August |
was &c and September H@5sc below yesterday; |
and seemed anxious to get out; No. red. cash, |
IZ5z@1Sc; August, 725S@731Ic closed at 73c bid; |
73ls@7s5Sc, closed at 731z@7SsSc bid;
closed at SOs4c bid. Corn lower and quiet; No. |
mixed. cash, S31sc; September. 32SSG33c, |
closed cI at S2s5e; oStober S2sS9a27Sc, closed at
o-L2S. oohOub .AOCoEloCis ol11C, ClOseO at 0l11C
asked; year, 3l@3l5kc, closed at 3lsfc asked; |
May, 34G341Sc, closed at 34c bid Oats lower |
and weak; No cash, 19c asked; August lgLSc |
asked; September. l9c; May, 235zc asked. Rye |
No. z S5@SS7zc. Flaxseed unchanged.
PHILADELPHIA-F1our unchanged Wheat |
weak and prices generally declined L&ls<c; No. |
red in export elevator, 7S@7S15c; steamer No.
red IN do, SlaSc: No. red in do, S916c: No. |
red, August S314@S31xc; September. S211@ |
S2s4c; October, 8S14QS4c; November, SI@S4J5c.
Corn-options weak and closed about Nc lower;
car lots quiet but firm; No. 2mixed in Twentieth |
street elevator and grain depot, 541xc: No. 2 |
mixed August I31z@4Szc; September, 1870 /
1574c; October, 4313G44c; November, 433<@44zc. |
Oats-Car lots dull; No. white, 32115c; No. 2 |
whlte 34c; futures quiet and unchanged. Eggs |
scarce and firm; Pennsylvania firsts, l6c.
CINCINNATI-Flou quiet. Wheat in fair de-
mand; No. red. 76@Tc: receipts 1900 BUSH
els; shipments, 5000 bushels. Corn strong; No.
mixed, 3Sc. Oats active and. lower: No. 2
mixed, new, 201%@22c; old. .24c. Rye easier; No. /
43944c. Pork quiet at Sl1 SIX. Lard less
active at S. l213. Bulkmeats in light demand;
short RIB. IS 70I5 70. Bacon quiet; short clear
y %. Butter firm. Sugar lower: hard refined
e; New Orleans, 714@SAc. Eggs firmer at III
gl2c. Cheese strong.
ADMINISTRATION steady. Wheat easy:
ash and September, 7o5sc. Corn not quoted
OATS dull; No. 2 white, 24@25c Rye firm;
No. i, 43c. Barley firm; No. 2, September.
SAc Provisions firm. Pork, $40 6211. Lard,
Observation-Disclosures dnll Rutter-Fonor