Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-12
MARKETS BY WIRE.
A Break In Wheat Caused by the Govern.
ment Crop Report-A Weak Closing
Mt Bottom Prices of

yesterday Notwithstanding the sharp advance,
but traders had calculated on the report not
showing crop of over 455, 000. 900 bushels. The
more favorable showing of the report was a
disappointment to the bulls, which caused
general unloading of long wheat, those who
had not sold Yesterday being anxious to
realize, and the decline was rapid. Especially
was the break from the close of Change yes
terday to the opening to-day unfortunate to
parties having stop limit orders.
The action of prominent local trader who
bought very freely, presumably to cover
shorts did much to prevent further break
in prices the markets for time being quite
pancky. There was less talk of export busi-
ness to-day. All wheat came on the market
and the short interest, it is thought, is pretty
well covered Prices declined to a point 21ac
for December and 21Sc for May below yester-
days outside or closing prices and closed at IN
side figures of the day.
A good business was transacted in corn, and
the feeling developed was easier, the bulk OIL
the trading being at lower prices. The easier
tone was attributed largely to the decline In
wheat The market opened 1s@1ze under the
closing yesterday, sold off a trlfie, but under
good demand from shorts advanced nc, re-
acted. losing the advance, became hrmer, ana
closed a shade lower than yesterday. Afeature
to-day was the narrowing OF the premium Oh
May over the nearer deliveries. The Govern
yield of about 80, 100000 bushels of that one
month ago.
Oats were unsteady with fair trading in May,
but very little doing IN other deliveries. Inc
weakness in wheat had depressing effect, and
under fair selling prices for May declined l49
&c from yesterdays Close Buying by prom
inent operator however, caused a reaction of
Lc and the market closed steady at 1sc below
yesterday.
The provision trade was somewhat feature
less. In the open market October pork was
traded in sparingly at $40 so. General trading
was slow. There were no large individual pur-
January pork and November and January lard
suffered a decline of PIC, October lard and
future short ribs were unchanged. November
pork was Sc higher.
The leading futures ranged as follows:
~, W HEAT : no. g. OcIODeI, .oVS23goLWoU1S9
SV4c; oZsSgoozsSg9ozsGg1[Is0' '0"''
oV4gooAc; May So14goo14esSSSozz95S1Sozz
9di
4Y2VlsSssS5zsS, |s
@Sl1sG'Oss goo1sc; Nay SSsgoo1sc SSsg ,ollc.
81 OSIopeI, lozfc, ooao'
Decelnoer' !,S' I714Wl'14c' May --v--7se-A|sV
&c; .,oo->a,o zoso
10 25G 10 SO; NoHember 90 421a9s 90; yeSr Ss IA
MS od1eVS 1oNS <O' repruaiyi 90 7oV' 7'&S0 4"
O. 4O: ,oo 60 90 ,e>eoe IN,
LARD, per d09 ps.-Ocg0DeI, 90 lz7aSySSs Ss tS; oo
SoVemoer, % Sogo sl7349 SUgo W; year, " 'o
90 Sd19: January, % SOGo S172- a
SHORT RIBS. per 100 bs.-OctobeT, % 0.1%Q
l2Sg9 9zEgS -lS 10; Noysm6ef, oven BEL II eo@4 e'i
Cash quotarlons were as follows Flour
slow. No. spring wheat, 8O0SOlzc; NO. q
spring wheat OSgSsc; No Sl1a red S SsogSSVMc sz
ne az S1F9 SsIley SG Nc g.: se dO @
Prime timothy seed, 81 IL Mess pork, per bbl.
$40 80 Lard, per 100 pounds SIS 20. Short RIBS
sides Qoosel, s5 25G5 90 Dry salted shoulders
lboxedl, S4 25Q4 SO: short clear sides (boxed),
S. 5O@5 6219. Receipts-Flour, l60OO barrels;
wheat. ll5.000 bushels: corn. 253,OO6 bushels;
oats, 253 GOO bushels; rye 1900 bushels; barley,
$4,000 bushels Shipments-Flour, IL ~ OO0 barrels;
oats 2l7, 600 bushels; rye, 1000 bushels; barley,
81, 600 bushels.
On the Produce Exchange to-day the butter
market was less active; creamery, l6@2Sc;
NEw YoRK-Flour-Rids reduced. while old
rates are beId.less business, WheatNSpot dull
nnsetpIed i9iiSc lower and weak: in OPTIONS a
large business Was done on realizing. with longs
GENERALLY free sellers, because of the prospects
of a lareer Weld as shown by the Government
renort. the Close shows a decline of fully l5S0
is3c with weakness and marked urgency in
selling. BARLEY ouIet- Barley malt dull. Corn
active &c lower and steady. oats-spot active
and easier: options quiet and lower. bay IN
tar demand and nrn. HOPS quiet ana wea6 x
Cotee-Options opened steady ana ~ TO ~
down; sales of IL, 100 bags, including October.
Is 25c; November, !5;05gl5 9Oc; December l4;sS
gl5zOc; January, d99Oq NSq dS.zOc; fepruary, l5I0V
i952c; Maren, i4-S2gdozoc; april lSS9e; MAY,
I1soI J1iy fo;ioc; Augus'' 'da.ooVSaoOuc'
SpoI MO STEADY; ialr cargoes, 1916. ougarI
Raw nomlnal; Ialr rennlng, o7sc; centrifugal;
soO test, oSc: renned weak and
quiet; nome grades Ic lower; on A,
li1Ioaozsc; stanaara A. tzsc; conieetoners
"a, .IsG <, n IZsG; oIeigh;
firm. Cortonseed oil quiet and steady. TalIow
firm, Rosin steady and quiet Turpeptine
steadier at 4S9481Ic Eggs 0uiet and ahout
steady. western aiIc. receints Asa nackapes
Pork steady and ouiet: mess insnected SO 55S6
i2 so: do, uninspected $40 90: extra prime SO 90
@lO 25. Cutmeats stronger and more active
sales; picked bellies u pounds. 7Sc; Is bounds.
63[c: Is pounds. &c: 10 hounds S3Ic: pickIed
sbonlders 4Zc. nickled hams - qlL6i0lIc
NiddIes ,6uiet TardNSnot frn, .nG onist.
ontiops 19wer and dnll. Sestern s+eorn Ia IN.
saIes October. So so closing at Sc 10. Noyem,
her SIS 37C66 39 closing az S S9 December
Sc 29: January S6 1906 30 closing at s6 90:
February. S6 S206 a. closing at S6 ga: March
s6 as Butter dull and weak: western dairy al
lac; do creamery l2GA15c; do held at 12Gl9c;
do factory, 715@l3c; Elgin. 25@251c. Cheese
quiet and easy; western. 94l0c.
ST Io1T1s-FIour ouiet but duu and nm
cbangeG WheatE1ower The favor.hIa
GoyeInnent renort and daoiinos ot Iii
noints cansed a sharn break. and the close was
aassI,ed. October closed 7SlIc asked. DecemLeerr'
sO1zc; May, s4sssc, bid. Corn firm; No 2 mixed,