Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-27
MARKETS BY WIRE.
A Rally In the Wheat Pit Caused by Sfatis-
tics Showing n Large Shortage In
the Worlds Supply-Corn Lower
aud 0nts Sfendy.

-
of the fine weather everywhere on this side
caused majority of spectators to feel very
friendly to the short side. The most bullish
feature of the day was the report, said to be
based upon reliable Information from abroad,
that the Vienna Grain Congress, in the esti-
mates that it would give out tomorrow, would
show a shortage in the wheat crop of Europe
of Is per cent. The report will show, it is said,
DID, zoo geo bushels less than an average crop Ior
five years, and the trade here figured it out
that if the report proves correct there VIII De
shortage in the worlds crop of IS0, 100000 bush
els for 1889.
On this news the price of December was run
up to 7S3sc, or 15sc above Saturdays closing
quotations. Closing cables were dull with
limited demand for spot wheat at %Glc decline
in prices at Liverpool, which is rather difficult
to harmonlze with the Vienna report What is
still more remarkable is the fact that there
were Paris selling orders here to-day from par
ties who have an agent in Vienna Based on
Saturdays closing the advance in futures to-
day was l1sGl79c, August showing the greatest
strength.
Corn was active and weak early in the ses-
sion, with trading quite heavy. but later re-
action followed. The early weakness was due
to large receipts and fine weather and pros
poets of large increase in the visible supply.
The market opened 1sQ14c lower than the clos
ing of Saturday, was weak and declined 1sGI4c,
rallied A95Sc. became quiet and steady, closing
| 1s614c lower than Saturday.
Oats were fairly active weaker and Lc lower
early, due to large receipts. An increase in the
visible supply, large offerings and weakness in
the corn made the activity. Later buyers took
hold freely. Tho advance in wheat also pro-
duced better feeling, and prices advanced "a
Q5sc, and the market closed steady.
The inquiry for mess pork was fairly active,
but the offerings were; not very large. Prices
ruled l5G2Oc higher, and the advance was fairly
well advanced.
Very little interest was manifested in lard,
and the feeling was steady Trading was mod
erately active in ribs. Early the feeling was
stronger and slightly advanced prices were OBJ
tanned Later the feeling was easier, and the
market closed steady at about medium figures.
The leading futures ranged as follows.
WHEAT-No. 2 September. 766T34@76D
7719c; October, 76@76c; December T@7S54@767S
@1S14c; year, 752zg765s "a 7516@765Sc.
CoRN-No. 2 September. SS34@337S S@3315@
3334c; October S49S4c; December 331 Q331s @93319
@S3l4c.
OATs-No. 2. September. Ig319I97Sc: October,
l97s@2O@lg3492Oe; December, 2O1s@2OA@2O1s@
MESS PORK, per bbl-Septenber. So 65@
S5G9 65@9 75 October. SO 65@9 S5G9 6212@9 ~;
January, 50 l049 l71909 071199 l71a.
LARD, per 100 bs.-Septemher. 50 9G5 9715
5 e0q5 SD: October, s. S216@5 971a; January,
s. 75@5 SOFAS 75@5 80.
SHORT RIBS, per 100 Bs.-September, "a So
"a 6211; October. 81 S214G4 S5@4 S21aG4 S21a;
Cash quotarlons were as follows: Flour
quiet and unchanged No. spring wheat 7Sc:
o.
red, 7Sc. No. corn. SS15c. No. 2 oats l97sc.
No. rye. 4212c. No. barley. 63@67c. No. L
fiaxseed 81 rs Prime timothy seed, 81 3Sdl 40.
Mess pork, per bbl, So 70. Lard. per 100 pounds,
s. 95. Short RIB sides Qoose), 81 1904 so.
Dry salted shoulders [boxed), 81 621fQ4 rs.
Short clear sides tboxed), So l219@5 2l Sugars
Cut loaf, 9Gg4c; granul;adted; ed; SIC; standard
A. SIC. Receipts-Flour, II 600 barrels; wheat,
10000 bushels; corn, 4l2OO bushels; oats,
$4,000 bushels; rye, 2l.OOO bushels; barley,
5000 bushels. Shipments-Flour, 1900 bar
-oNe. 1f00 ,,le OIlE
els; oats, $4,000 bushels; rye, LOCO bushels;
barley, none.
On the Produce Exchange to-day the butter
market was fairly active: fancy creamery,
l7@lSc: fine, l4Gl6c; fine dairies, l39l4c; fair to
good, 9glOc. Eggs steady at l4Ql412c.
NEW YoRK-Flour in moderate demand and
steady. Cornmeal quiet. Wheat-Spot opened
&c off. weak on free sellers, was moderately
active. and closed steadier; options opened 140
&c lower, but recovered and advanced l14@l15c
with more active trading; the rise was occa-
stoned by report that the Vienna Congress
made the wheat crop of Europe 10 per cent less
than last year and the shortage of Russia,
Austria, Hungary and Roumania l60, ,OO0, 900
bushels. Rye quiet; western, 53c. Barley malt
quiet; Canada. 90c@Sl 05 tor old and new.
Corn-Spot moderately active, &c lower and
steady: options more active as pressed for sale
and 1s@5kc lower. closing steady. Oats-Spot
fairly active and A913c lower; options more
active, L0Lc lower and weak. Hay fair
ly active and firm; shipping, 70@75c; good
to choice, S5c@Sl 90. Hops easy and quiet.
Coffee-Options opened dull at 5@l0 points
down; closed barely steady at l0@l5 points
down; sales, $1,000 bags, including August,
l4900l5c; September, l490@l495c: October
15Ql5.O5c; November, l5c; December. l50l5 lOc;
January 15O5c; March, l5.l0@l5 l5c: May, ISL
@l5f6c; spot Rio quiet and steady at lS1Sc.
Sugar-Raw inactive and nominal: refined
fairly active and firm. Molasses-Foreign
nominal; New Orleans dull. Rice steady and
in fair demand. Cottonseed oil Irregular Tai
low stronger at &c. Rosin quiet. Turpentine
dull Eggs firm and in fair demand: western,
I7GlS14c; receipts; 7.057 packages. Pork quiet;
mess, inspected, Sll@ll so; mess uninspected.
Sll. Cutmeats quiet. Lard stronger: moderate
export demand; speculation quiet; sales, west
ern steam, Sc 35@S S774; September, S6 81; Octo-
ber So "a; November, So 26; December Sc 90
Butter quiet; extra steady: others easy; west
ern dairy, 9Ql29ac; creamery 16@lSc Cheese
stronger and quiet; western, 6G7c.
PHILADELPHIA-rlour- very slug
glsh and prices weak; western winter clear.
new, S4 O0Q4 80; straight, new. "a OO04 so: win
ter patent. new, 81 65@05 90; Minnesota clear
So 5O94 90; do straight 81 5O@5 90; do patent
So 1565 20. Wheat-Options weak and lower;
carlots steady under moderate offerings, but
demand slow; steamer No. red in export
elevator, Soc; No. red, in elevator, S21%c; No
2 red; August, S2sE@s29se: September, Sl4@
Corn-Speculation tame and options declined
11G15c: caElots steady with moderate demand:
No. 3mixed in Twentieth street elevator. 43c:
steamer No. mixed on track, 1870; No. 9
mixed, in Twentieth street elevator, 44c; No.
2 high mixed on track and in grain depot, 44c:
No. mixed, August, 4l1&042c; September
4l$4@42c; October. 421l@43c; November 436
4313c. Oats-Carlots weak and irregular: old
No. mixed 25c; new No. 3 white 251%626c;
old No. white 30c; new do 2S1z@29c; futures
weak and lower: No. 2 white August, 2s62SI6c:
September. 2S@2S1ac; October, 2Ssz@29lIc; 40,
vember, 2914@2913c. Provisions steady but
quiet. Pork-Ness. new, Sl3 500l4 90; do prime
, new, 81 90; family, Sl4 00&i4 so; hams smoked
l29l4c Lard-Western steam, Sc 62@06 20
Butter dull and weak; Pennsylvania creamery
extra, 1Sc; do prints extra, 20@25c. Eggs firm;
Pennsylvania firsts, l9c. Cheese steady; part
skins, 5@61ac.
ST. LOUIS - Flour quiet and unchanged
Wheat-Cash steady; options higher, dull and
lower cable news and a liberal movement
caused the price to ease of 1sGAc early in
the day. Reports that the Vienna Congress
placed the worlds crop shortage at DBL 0CO. 900
stiffened feeling and prices advanced l6lXc
and market closed at the top. No. 2 red cash,
735s@74c; August, 7S7s174s4c closed at 7I5Sc
bid; September 74@751zc, closed at 75475Ic
December, 76@771sc, closed at 771zc; year. 745Zc
closed at 7I5sc bid; May, S0Jl lSUsI1SiLc
closed at Sl5sc bid. Corn lower and weak; 40
2 mixed, cash. 3lG3l1zc; August closed 3l1Sc;
September, 3lszc; October, Bic bid; Decem-
Der, 3Ossc asked; year, 30Ssc asked; May 325Sc.
Oats quiet: No. cash, 1Sc; May, 223S@22s2c:
September and October. lSc bid. Rye steady al
39c. Flaxseed steady, l2S. Provisions dull.
CINCINNATI-Flour dull. Family. So I50
31; fancy So 75lI3 go Wheat in fair demand.