Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-07
MARKETS BY WIRE.

MARKETS BY WIRE.
Wheat Bullish at the start, But the Longs
Sing Another sons-A Little Squirt
ar the Close-Pork Hung Up.
~CHIoAGo-The wheat market opened bullish
and L@1Sc higher to-day initial trades in De-
cember being at 825zc. 1t was not long until
that future was up to S31l@SSssc. 1t may have
been that under the influences of yesterday the
crowd got short and were nervous enough to
want to cover, but there was sufficient stimu-
| lating news to-day to have put prices up a
little without any buying pressure from the
shorts. Early cables were strong. Free real
izings by longs at around S31zc for December
broke the price to 82s4@s254c, but the bulk Of
| the business done during the first half of the
| session was at S3@S3Sc. News from the North
| west was again bearish, and there were some
selling orders from that part of the country.
| Stocks in the Northwest are now piling up
rapidly. The possible increase in the next
visible supply report is variously estimated at
from 125O,0 900 to 100000 bushels. A feature Of
the market was the widening of the difference
between October and December to &C. and the
narrowing of the premium on May over Decem-
Der from 24c to 214c. Closing public cables
called spot wheat in the pool firm, but in linn
tied demand. with futures I'd higher. Private
cables were generally strong in tone. Half an
hour or so before the close there was . bulge
| to the best price Of the day on covering by
shorts, who appear to take fright easily. Later
| iournment showed a net gain for the day of
sS9%c.
| in corn. The feeling developed was weaker.
| Trading was largely local, and fluctuations
within Nc range. The market opened at about
| yesterdays closing prices was easy and sold
| off LQssc, rallied a little and closed shade
below yesterdays final quotation.
Oats were weaker and lower. Receipts were
| liberal and larger run was predicted for
! Monday, Buying orders were scarce, but a
number OF selling orders arrived from the out,
| and prices declined 1sG14c, and the market
| closed easy.
Pending the hearing of the motion in the
Superior Court for the dissolution of the in
junction restraining the delivery of October
packed mess pork on contracts, there was very
little doing in the market for hog products.
Outside orders are light and local operators
are making only occasional small trades.
The leading futures ranged as follows:
WHEAT No. December, S21z@S3H@S2A
@s8llc: year. sl1S@Sl4@ @SlHc; May, 500
''SGsSsnSSssAS SosssMnSo.A & November. s1haslHasle
sse; IDsce%6sr 81S9al1sGSl0alc; May aas
OATs-No, December. lssS@1ssS@ S@lss1@
1879; January, ls7s@ls'sc; May, 22ss922sSQ
Zl12NZz1oC.
Mss PoRK. per bbl.-November, 50 $50
80 O21i@se 05; January, So 25G9 G0S 36GS Is.
LARD, per 100 ns.-November, IS 9O@5 95 j
sngs2S e. sS 81 5 Sss5 ssss = ssS Ss sSsS sS6 '0
SHORT RIBS. per 100 bs-November, 81 75@
! s5@4 75@4 81; January "A 1894 1894 721a@
Cash quotations were as follows. Flour
steady and unchanged. No. 2spring wheat, 81
@slHc: No: 8 spring wheat. 8S6ss15c; No
red. sl@slAc. No. 2 corn. 3O6c. No
osts, ls1< <@ls2e No. 2 rye. Axe. No. 2 barley2
6S@64c, No. faxseed. 81 %. Prime timothy,
iS9S r q e nssS RSsa Rss ss sbs4 ss Ss ne
sides QooseA S5 05@5 TO- Dry salted shoulders
lboxed) 81 12h@4 70; short clear sides (boxed)
s5 25@5 S7k Sugars unchanged Receipts
Flour S SS barrels wheat 1900 bushels
rye, 1000 bushels; barley $4,000 bushels. Ship
ments-Flour, 2,000 barrels: wheat, 5000
bushels; corn. 244,000 bushels; oats, 1ll,OOO
bushels; rye, 162OOO bushels; barley. 1900
On the Produce Exchange to-day the butter |
market was unchanged. Eggs, 15G151<c.
NEW YoRK-Flour very dull and UNCHANGED.
Cornmeal quiet: yellow western, 81 45@2 70. |
Wheat-Spot quiet and trife higher; options |
dull nc up and steady. Rye quiet: western,
55@65c. Barley malt quiet; Canada, 75Gsoc.
Corn--Spot moderately active and steady; op-
tions dull and easier. Oats-Spot fairly active
and steady; options quiet and steady. Hay
s9eady se SOLO 9pSs' pDnss doRSn Rsnsd uS barely
down; closed steady. and unchanged to
10 down; sales $3.50 bags, including octo-
Der, l6459l5:5Oc: November, l64O@l645c De.
iS45c; March; @icSla45c; April, i5sS ia9Se;
May, 1540@l645; July. l5SOc; August
l525c, spot Rio steady; fair cargoes,
l9Hc; s9gar-Raw easy and dull: refined
steady and fair demand. Molasses-New Or
leans quiet; open kettle, good to fancy 2Sl46c.
Rice strong and quiet; domestic, 4l@esSc;
Japan, As@5Ac.. Cottonseed oil quiet. fal,,
tine quiet and firm at 4S11@4sc Eggs about
6,43 packages. Pork quiet and firm. Cut,
meats steady. Lard easy and dull; western
steam, S6 57h bid: sales, October, s8 S. closing
at s6 So bid; November, So 81; December, Sc 30;
January, So 30; February, So "a; March, s8 8S
ern dairy, Sgl4c; do creamery. 12@25lc; do
held at 12020c; do factory, 716@lSc. Cheese
dull and easy; western, 9@l0c.
PHILADELPHIA-Flour weak and ouiet
Wheat-Firm, under stronger reports from the
West; No oo;l red October, S2h@S3c; do No
ge gem9sI s2SSssSS; 90 December s9S5c
higher, but the advance checked business.
Futures ruled steady but speculation was
tame and export demand light; No. mixed. in
grain gn ID depot Pot AXe; do in Twentieth street
l2c No. mixed, October Ss7l@405zc: do SSH,. No.
vember 40@4014c; December. S9115G4Oc; Jan
uary, y,394@4Oc. Oats-Car lots strong and
higher: No. 8 white 2g4c; No. white 271%c. !
held at the close at 2Sc; choice +.
clipped, 34c; futures firm and Lc higher; No. |
white, October 267a@2714c; November, 2S1S |
g2S3sc; December, 29029lc; January, 29% {
g30c- Eggs steady, but quiet; Pennsylvania
frsts, 2Sc.
ST. LoUIs-Flour quiet and unchanged.
opening was strong but soon
eased Off being followed by a rally; the close !
was easy at an advance of PC over yesterday;
No. 2 red, cash, 1880 bid; October closed at
iS5sc; December, S0%@8lc, closing at SO7Sc; 9
May, S47s@S51lc, closing at S51sc. Corn weak !
Ind lower: No. 3 mixed, cash, 29c; October
closed at 29c; January, 2Sc; May, 8OA@SONc, S
lS1Sc; JANUARY, zoe bid; May. 225zc. Rye
stronger; No. 2, 800 bid. Barley fairly active; Z
Wisconsin. 69c; Minnesota. 60c; Iowa, 4Oc 6
Flaxseed higher at 81 26 Provisions steady
niat and nuotak kiOns unahan0ad