Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-02
MARKETS BY WIRE.
Paralysis In the Wheat Pit Caused By
Contradictory Estimates of the Rus.
sian Yield-English Labor
Troubles Cause Better

sian Yield-EnglIsh Labor
Troubles Cause Better
Prices in London.
CHICAGO, August 3l.-Only fair aggregate
amount of speculative business was transacted
in wheat to-day, and it was largely of local
scalping character. Not enough outside orders
to either buy or sell were received to have any
effect upon prices The weather and CONNER
cial cables were bearish. Brddstreecs was ont
with some bear figures to the effect that ex-
porting countries will have 10000 900 bushels
more wheat this year than tine importing coun-
tries will require. All of these weakening in
fuences, however, were fully Offset by Dorm
bussch's report on the Russian crop, which
places the yield for that country ct $50 per cen
against los per cent in 1858. Export clearances
at the Atlantic seaboard were again fair. At
II principal points total receipts to-day were
$4,000 against shipments from the same points
of $4,000 bushels. 1t is now figured that the
forthcoming visible supply report will show
little if any increase-possibly decrease.
Outside domestic markets were stronger
and the London cables showed an advance in
the average price for the week in English
country markets of 9d. This is probably due
in part to the labor troubles over there. Fluc-
tuations i'll prices for futures at this point were
within moderate limits and closing quotations
were ss@ssc above yesterdays latest bids.
May wheat is gradually coming into more
favor with Spectators, and considerable chang
ing over of August and September to May was
done to-day at the current differences. The
cash trade was not very brisk on the regular
market and prices averaged easier for the off
grades. No. red closed Ic higher at 77ssc.
Corn was quite active at times with feeling
weaker on near futures, while May was rela-
lively firm. The influences on the market we're
much the same as noted for several days past.
the weakening factors being heavy, receipts
fO-da
was liberal purchases of year corn by promi-
nent local trader. The market opened at
about yesterdays closing prices, was steady
for a time then declined &c, reacted some and
closed with near futures a shade lower and
more distant months about nc higher. Cash
property was in good demand at L@Ac lower
than yesterday.
There was good trade and weaker feeling
in oats, particularly in September, which was
offered with increased freedom by longs and
prices receded nc. Fair buying at the decline
caused a reaction to almost previous outside
prices, but the market again weakened and
closed quiet and easier.
Activity and irregularity in prices were the
prominent features in the market for mess
vance and further advance of S5Q3711c fol-
lowed. Later the offerings exceeded the re-
Quirements and prices receded again. A rally
of 25QS0c was again obtained, but near the
close the market broke suddenly 90c with oon-
siderable excitement and rallied 10Ql5c and
closed quiet. Trading was almost exclusively
in September and October deliveries within
about the same range of prices.
Only moderate trade was reported in the
lard market, and the feeling was steadier.
Prices were advanced 215@5c, and the market
closed steady.
Quite good business was transacted in the
market for short rib sides. The feeling was
stronger early and prices were advanced 21S@
SC, but settled back again to about inside tg
ures and closed steady.
The leading futures ranged as follows:
WHEAT No. z Segtem6sg M@TA@7@
76%@775s@76 74@73sc May: S2115 59SS9s25S S@82ssc
@ss%a; SSEs-oo oe;o6sr ssRte@ss5 81
eem6eT, 3S16@SS9s@ @3S@SS3Sc; May, S51s@3515@
oHTsENo. 2, September. 1gA@19A@19@
l91se; ,,1 October, l92s@l92s@l9A@ls3sc; May.
Mss PoRK, per bbl.-september. sl1 O5@
GIL 359l0 259l0 40; October, Sl1 l0Qll S7%@
" LAED, ARD Per S, 100 Ss.Sseptembef. s. i5&S TX
October, S6 lO96 071S; January, So S714@5 S71a
SHORT RIBS. per 100 Bs-september. IS OH
@5 1216@5 O211G5 O5: October, s. l211@5 l71aG
1895 10; May, S4 1904 6715.
Cash quotations were as follows: Flour
dull and unchanged. Nc. spring wheat, 7714@
57ssc; No. spring wheat 71@72c; No. red,
No. 2 rye. 42l4c. No. barley. nominal. No.
t1axseed ST 20. Prime timothy seed, 81 80.
Mess pork, per bbl. $40 S779@lO So; Lard, per l90
s., -,
. Us. Receipts-Flour, 1000 barrels; wheat, 49,
900 bushels; corn. 443 900 bushels; oats, 245 900
bushels rye 90 900 bushels; barley 10 600 bushels.
Shipments-Flour, 10000 barrels; wheat, 103.
900 bushels; corn 4S5, 900 bushels: oats, 249 900
bushels rye, 20 900 bushels; barley 600 bushels.
On the Produce Exchange to-day the butter
market was active for finest grades; fancy
creamery, 18@l9c; best gathered creameries, Is
@l6c; finest dairies. l3@l4c; fair to good, 9Q10c.
Eggs in fair demand at l4c.
NEW YoRK-Flour moderately active and
steady. Wheat-Spot unsettled and nc higher.
closing weak; options moderately active, 30
nc lower and nrm; August shorts were
Corn-Spot dull, weak and lower; options fairly
active, 9c lower and heavy. Oats-Spot dull
and weaker: options dull and weaker. Hay
closed dull: sales, $50 bags, including Sep
tember, 1525@I5.30c: November, l5.40@15. SOC;
December l5.45@15.50c; May, l565c: spot Rio
stronger and fair; cargoes, 1870. Sugar
Raw nominal; refined firm and in fair demand;
Molasses - Foreign nominal; New Orleans
quiet; open kettle, good to fancy, &@46c Rice
in moderate demand and steady. Cottonseed
steady and quiet. Turpentine quiet Eggs
quiet and easy; western. I7@19c. Pork higher;
mess. inspected, s12 50@13 90: do, uninspected
sl2 3737l@12 so. Cut-meats firm; picked bellies
II lbs 6z@634c; picked shoulders. 415@45Sc:
do. hams 10%@1fc Lard firmer. but quiet:
western steam, S6 5215c; sales September, So 40;
October. Sc Al, November. s6 35@6 40; Decem-
II.
Sc 26. Butter-Choice firm and in fair demand;
western, 9@l213c; do creamery, ll@l875c
Cheese quiet and irregular; western. 674Q74c
PHLADELPHIA-r1our-D light and
prices ruled in buyers favor. Wheat opened
shade weaker, but subsequently recovered and
@ higher under So
elevator. 1870; No. 2 red in export elevator,
S13zc; No. red, August. SlSSsQSlHc: Septem-
Der. 8l5S@s1sc; October. S2ss@s224c; November.
lots dull but steady; No. 2 high mixed in grain
depot. 43@4S14c; No. yellow, on track, 1910;
No. 2 mixed, August, 4H4@4lAc; September,
aI1@c October 42@a2fe ;nd dN9yem6eT
14@1ac lower; No. 8 white, 24@241ac; No. white, !
2554 4@2Slc: futures dull and lower; No. 2white,
August, 2615@27c; September; 26A@27c: octo-
ber, 2715@2754c; November, 2S1402SAc. Eggs |
steady; Pennsylvania frsts, l9c.
ST. LoU1s-Flour inactive but unchanged. |
lower; options higher, the close |
being Ac above yesterday: only light business |
done; No. red, cash, 7515c; August, 7415c; Sep
tember, 76c asked; October, 1910 nominal; De- |
SSember 7Sc; May Lay S29e bid. Corn weak; No;
297se asked: October, s0e3sc; December, 9024c;
year, Z9774c: May. 32ss@S234c Oats quiet; No |
cash, lSc; May, 225sc; September, lSc. Rye |
ions strong and higher. Pork, Sll 50@1l rs. |
Lard-Prime steam salable at S6 00@6 10. Dry !
salt meats, shoulders 81 70; longs and ribs SIS 30
90 3717; short clear, S5 45@5 6215 Bacon. boxed |
shoulders IS Is; longs and ribs, S6 0O@6 To- short
clear, Sc 2a
CINoINNATI-Flour in moderate demand.
heat In good demand: No. 2red, 76c; receipts,
1000 bushels shipments. H. 600 bushels. Corn |
steady; No. 2 mixed, 35c Oats dull; No. 2 |
mixed, 2l1zc. Rye dull; No. 2, 45c. Pork in fair
Did; So 25 asked. Buikmeats firmer: short ribs,
3 l216. Bacon stronger; short clear, So 80 But |
sr steady. Sugar firm. Eggs easy at lac.
ToLEDo-Cloyerseed steady; October, "A rs;