Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-09
MARKETS BY WIRE.
Wheat Active Higher and Firm on
Better Foreign Demand and Rain In
the Northwest = Corn, Oats


CHIcAGo-Wheat was moderately active and
firm to-day. May was advanced 3ssc under q
demand from the shorts, and closed about l15c
higher than yesterday, and June sympathiSed
to some extent advancing nc, and closed
about Zc higher than yesterday. There were
reports of pretty good rains throughout the
Northwest last night and this morning, anc
while, perhaps, the Northwest could stand
more rain the present fall will do some good
and in some sections relieve the fear OF drouth.
But the firmness which developed was que 10
the rather active buying at the seaboard, some
So boat loads in all being taken at New \ ork
yesterday. and purchases to-day were increased
from loads early to IA loads later.
This would indicate that foreign buyers want
our wheat, and had decidedly strengthening
effect upon the market. There was pretty
free selling on the early advance, which caused
reaction from top prices then reached, some
of the prominent large traders being creolteo
with being free sellers, but the wneat was aD-
undertone existed. Shorts covered rather
freely. taking fright at the action OF the mar
ket, and assisted the turn in prices above 'sc
for July
Quite active trade was reported in corn and
transactions were at higher priceS. The feel-
ing developed was stronger, which was at
tributed largely TO the active shipping demand,
smaller receipts than anticipated and covering
by LEGAL shorts. The market opened shade
above closing prices of yesterday was firm and
sold up sS@1Sc, eased of H@Ac, again ruled
stronger and advanced nc, ruled steady and
closed &c higher than yesterday.
Oats were fairly active stronger and higher.
The decline noted yesterday being more than
regained as prices advanced M@Lc, and the ap-
probation was well maintained to the close
The strength was attributable to the advance
in corn and wheat continued dry weather in
this vicinity and a better demand from the
shorts, who sold yesterday on prospects of rain
Speculative trading was moderately active in
mess pork and the feeling was stronger. Early
the feeling was firm and prices were advanced
Sake. Later 0 weaker feeling was developed
and prices receded l0Gl215c. At the decline
vanced 2Oc About the middle of the session a
decline of lOQl21Sc was again submitted, but
the close market was quite strong and prices
suddenly advanced &@S0c and closed rather
steady.
A comparatively light trade was reported in
lard and the market was stronger. Prices were
advanced 71f@lOc, and the market closed
steady.
Quite good trade was reported in short rib
sides. Prices were advanced 215@5c, and mod
erately well supported to the close.
The leading FUTURES ranged as rollows:
WHEAT-No. 2 June, S2@S4@S2@SS3zc; July
7S1z@7s5sGTS2g@7ssSc: August. T@77A@T@
GoRE-No. 2 June, t96s4@S4ssss@ @S425 59S5ssc;
July. S54@S6@S514GS6e; August S61s@S61E0S6
oNTs-No. June, 2s@24G2@24c: July. 2ssS
MsS-Pf MESS PosK, per bbi@June. ST s75sgi2 on
oil 771E0l2 O5; July, sll 95Gl2 281fGll S71lG
Z Is; August, Sl2 O71l@l2 2O6ll 95GI2 20.
LARD, per 100 rs = June, s6 $500 95
S6 s1@s s sS S1 5uIE Gs g oSsz sSs5 SR9s s2S7 OO
SHORT RIBS. per 100 Ds-June, Sc 05s
l21f@6 O5@6 1251<; July. 50 1906 2@5 lOG
6 1715; August, So 2O@6 25G6 l71l96 ~.
Cash quoJauons were as Follows: Flour firm
ruhn A.
No. Sspring wheat, nominal No. red, S5s2c;
No. 2 corn, 351zc. No. oats, 2SsSc; No. 2 rye,
Ale. No. barley nominal: No: / haxseed,
Sl55 Prime timothy seed, 81 S4QlSe Mess pork,
SC 921S@6 IS. Short ribs sides poosel,
Sc O5Q6 TO- Dry salted shoulders (boxed),
SIS 25Q5 So. Short clear sides (boxed), So &9
6 S71S. Sugars-Cut loaf &c; granuiated, SIC;
standard "a" SIC Reeeipts-Flour, 1900
barrels; wheat, 1000 bushels: corn, $4,000
bushels; oats IA 600 bushels; rye, 1000 bushels;
barley, "a, 600 bushels. Shipments-Flour, II, 900
barrels; wheat. So 600 bushels; corn S06 900 bush
barley. Il. 900 bushels.
On the Produce Exchange to-day the butter
market was weak; fancy creamery, zoe; choice
to fine, l6@lsc; fine dairies l6GlSc; fair to good,
l09l2c. Eggs weak at l2c.
NEW YoRK-F1our firm and in moderate
demand. Cornmeal steady. Wheat-Spot
strong lQlHc higher and quiet; op-
tons moderately active, M@lc higher
s1S M strong .E Rye ys easy yCnSd. anS qgst RSs1 Mss
malt dull; Canada, sOcGsl 10 for old and new
Corn-Spot fairly active and stronger; options
strong and more active. Oats-Spot firm; op-
ee-options opened barely steady SOLO points
down, closed barely steady lO@M points
down; sales 2S,250 bags. including May,
RGsgst U f7OOSP7e5c: e - septemSei fS@i7SSc. %
October. 17.15@l7.2 Csc: November, l7.S5c; De-
eember, 7.3O@l7. .35c; January, 1z.S5c; February,
17.40ci March, l7.45c; April, 17.45c. Sugar-Raw
Molasses-Foreign quiet; New Orleans, duh.
Rice, steady. Cotton seed oil lower; crude.
404c asked; yellow, Soc asked. Tallow firm;
sales 200 hogsheads city at 5-l6c. Rosin steady
and quiet Turpentine steady and dull at
401Sc. Eggs quiet and weaker; western, 141
14lzc; receipts, 4.l24 packages. Pork stronger;
mess, SIS SGlS 50; extra prime, sl2 0OQl2 Is.
Cutmeats firm; picked bellies, 63S67l<c;
picked shoulders, 554@55sc; picked hams,
10sz@llc. Lard higher ana strong; better ex-
port demand; sales western steam, 81 20; May,
81 q; June, 81 2597 %. closing at 81 20; July,
81 SO@7 81 closing at 81 81; August, 81 "a; Sep.
tember. 81 So closing at 81 81. Butter easier
and quiet; western dairy, 9@l4c; do cream
cry, 14@l9c; Elgins, 20c. Cheese higher and
scarce; western, none here.
ST. LoUIs-Flour in improved demand. but
prices unchanged. Wheat higher; good rains
were reported where needed, but firm cables,
export purchases in New York and advances
elsewhere improved the demand, and prices
which at the close where lc above Yesterdays
| in No. red, cash, 7Sc; May, 771S@7S1Sc, closed
at TIC bid: June, TIC; July, 741S675hc
closed at 751<c; August. 745z@75Izc, closed at
7516@75lzc bid; year, 741zc, closed at 74Szc NOM
inal. Corn higher; No. mixed, cash, 3Il<c:
May closed at 321Sc: June, &c bid; July 3SISc
bid; August, 33szc; September, 341Z@34sSc bid.
Oats higher; No. 2. cash, 2415c; May closed at
241<c; June, 24lzc bid; July, 2S5Sc asked Rye
No. 2 42Hc. Barley-No market. Provisions
irmer.
CINCRNATI-Wheat firm; No. 2 red, S71Sc:
receipts, none; shipments, none Corn dnll;
No. 2 mixed, 361zc. Oats stronger; No zmixed,
&c. Rye quiet; No. 2 47c. Pork frmer at
SI2 SO. Lard firm at So 725<. Bulkmeats firm;
short rib, s6 25@6 30. Bacon stronger; short
clear. 81 371z@7 As. Butter weaker; fancy
creamery, 20G22c; fancy dairy, l3@l5c Sugar
steady and firm. Eggs heavy. Cheese steady.
PHnADELPHIA-F1ourw weak and unsettled.
Wheat very dull and prices largely nominal.
Corn firm: spot and near futures advanced 1c
under small supplies, but export demand very
moderate and speculation dull. Oats-Carlots
a shade stronger, with fair inquiry from local
jobbers; futures firm but quiet Butter dull
and weak; Pennsylvania creamery extra. 100
zoe.
MILWAUKEE = Flour steady. Wheat firm:
cash, 7s5zc; June, 7S3zc; July, 791zc. Corn
steady; No. 3, 34c. Oats steady; No white
27G2716c Rye firm; No. l, 45c. Barley nominal;
No 2 5l652c. Provisions firm. Pork, Sll 92%'
Lard So 921S. Cheese easy; cheddars, old, 9Gl0c
BALTIMORE - Provisions dull and un-
changed Butter easy; western packed. l5c;
creamery IqfO22c Epvs firm at l4c Coffee