Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-29
MARKETS BY WIRE.
A Sag in the Wheat Pit Allays Fears of a
July Squeeze-New York Exports
Factor on the BulI Side.

n sag IN tne Wueat fft AuayB reurs OF u
July Squeeze-New York Exports n
Factor on the Bull side.
CHIcAGo-The weather was hot and muggy
here to-day, and during most of the session
the usual Saturdays quietness prevailed
in the wheat pit. Trade was enlivened by the
filling of some New York buying orders and pos
sibly some for foreign account, but local sem
timent was not sufficiently pronounced in favor
of either the bull or the bear side of wheat to
create any enthusiasm or competitive bidding
Upon the whole the feeling was one of weak
ness all the morning, and early trading was at
prices fractionally below yesterdays closing
range.
Apprehensions of a squeeze in July property
were still further allayed by sag in the price
from S01<c at the opening TO 791Ac, and although
a rally to about the opening price quickly fol-
lowed this break. it is not believed that enough
of short interest exists in July to be worth
mentioning. New export business in New
York was variously estimated at from Is to q
boatloads, and the news caused the market
here to firm up Nc or so. but there was drag
gng trade during the last half of the session and
December hung stuDbornly around 791IG7essc
Corn ruled quiet the greater part of the ses-
sion, with occasional periods of temporary
activity. The market opened a shade under
the closing prices of yesterday, was steady for
time, eased off little, recovered, remained
inactive and closed nearly the same as yester.
day.
Oats were quiet and steady, the market being
in the same condition as for several days past.
A comparatively light business was reported
in mess pork and prices ruled Irregular within
narrow range. The feeling way easy early and
prices ruled l0c lower, but moderate buying
later in the day rallied prices 71a@lOc. Near
the close the market was weak and prices
receded l2%0l5c and closed quiet.
A quiet and dull feeling prevailed in the lard
market and the feeling easy. Prices ruled 215
@5c lower and the market closed quiet.
short ribs. Prices ruled irregular within
small range and closed quiet at inside figures.
The leading futures ranged as follows:
August %mhAf 777s4saSe; SIS 2Ss sepssmSsl M
@775s@7G77ssc; December. 791s@7919G7S5s@
795Sc.
GoRN-No. August, s5A@a61S S@s5A9sec;
September. S57z@S6c; October. S69S6HGS6@
OATs-No. 2 August, 2l5sc: September. 21sl
@2l1Sc; October, &c.
MESS PORK, per bbl.-August, $40 60@l0 721<@
10 6o9l0 6216; septeT ber. $40 709l0 s09lO s.
LARD,per 100 bs.-August, 50 1905 071S; Sep
tember; g 20Qs 271z; October, So 221z@G6 221z
@6 1906 1711.
SHORT Rms per 100 100 rs ss;,Augnst ;a,9g IS 429l
Cash quotarons were as follows: Flour ne
elected, jobbers holding of for lower prices.
No spring wheat, 7g15c; No; do. nominal;
22Ac. No. rye. 42X04Sc. No. 2 barley nomi-
nal. No. faxseed. 81 3sx Prime timothy
seed 81 1901 As. Mess pork, per barrel. sl0 IS.
Lard. per lOo pounds. 90 l21S. Short ribs, sides
lboxedj, IS iSis@5 2a Short clear sides
eeipts-Fiour. 100 barrels; wheat 10000
bushels corn. 900 bushels; oats. ll4ooO bush-