Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-26
MARKETS BY WIRE.
Bad Crop News at Home and Abroad Booms
the Wheat BIarket-Corn and Oats
Firm and Higher-Hog Prod
ucts Somewhat Active
and Strong,

ucts Somewhat Active
and Strong,
CHIcAGo-N heat was active and higher to
day. The feeling developed was decidedly
strong and the advance was steady and SHARP
from the opening The shorts covered freely
and the market presented more life and ami
nation than for some days past. June closed
&c higher. July opened SO higher and ad
vanced &c more, was held firmly and closed 2ssc
higher than yesterday. The deferred futures
shared in the Improvement and prices were
advanced l7E@21sc above yesterdays closing
| and closed strong.
The principal influence on which the advance
was supposed to have been established was the
abundance of bad crop news from European
countries, as well as the United States. The
crops of Russia and Hungary were reported to
be very poor. Gables were firm. From the
Northwest came conflicting reports; some ad-
vices report the wheat not heading out well and
others say the lookout is good: Some reports
of rust were heard of in some sections South
and Southwest and also that the crop in many
sections had been exaggerated.
Speculation had as much to do with the rise
| as the influences mentioned The shortage no
| doubt is large and the short interest under the
4 recent action of the market disposed to cover,
fearing that the movement of new wheat might
be delayed so as 10 give the longs chance for
manipulation.
A very fair business was reported in corn, the
| bulk of which occurred during the first half OF
the session, after which the pit became rather
| quiet. The prevailing feeling was firm and
trading as. for several days past, was confined
mainly to July and September, there being
considerable pressure to exchange the former
for the latter at difference of &c. The mar
ket opened at about the closing prices of yes
terday. was firm and advanced zc higher than
Mondays close.
In oats firmer feeling was noticeable, espe-
fba dafa f1fn
bought by the shorts. The bulk of the strength
was due chiefly to the advance in corn and
wheat and the backwardness of holders in SELL
ing.
An increased business was transacted in
mess pork. and the market was stronger.
Prices were advanced l5@l715c, and the market
closed steady.
A quiet and rather firm feeling prevailed in
the lard market: prices were well maintained
and the market closed steady.
Short ribs were moderately active and strong
Prices ruled l21a@l5c higher, and the advance
was fairly supported
The leading futures ranged as follows:
WHEAT-No. 2July. T14@s014@7S1z@ z@sg1% %c;
A9g1s5 dasgaS91BSS55se; Besem5ssS ssgSs%ss5 sg@7s 7
ssss5c.SS'O7SS''74'' Sc. D'''HOf' ''7s$''74SS''S
CoRN-No. July. s51z@35s6@a5x@s
August, S52zGS55s@S53@S55sc; September, S57s
oxTsSSo. 2 July, 22%@28@22M@22Mc; Au-
gust gus asSs s2S2s2@g2I@22A@2274c; September 227l@
22z!s@22s4@22Ac.
oil 7O9II S71S; August, slI 771S@lI S5@II 771z
L O21S
20; september, So 72N@6 775SG6 70@6 NJ.
SHORT RIBS. per 100 bs.-July, SIS S21SG5 95
as S2116; as 95: August s. 9066 021S@5 9O@
0219; September. IS 9714@6 G71z@5 S1a@6 05.
and generally unchanged; dealers ask 5Gl0c ad-
vance on standard grades. No. spring wheat.
S2@SSc: No. spring wheat, 70@72c; No. 2red, 81
@SSc. No. 2corn. 3o5sc: No. Goats, 22szc. No.
2 rye. 40Ac. No. barley, nominal. No. fax
seed 81 81. Mess pork, per barrel, 81 S5c. Lard,
per 100 pounds. Sc so: Short ribs sides loosel,
IS 90G5 95. Dry salted shoulders (boxed),
IS l21595 25. Short clear sides (boxed), Sc l2%
at % Sugars unchanged. Receipts-Flour,
IA 600 barrels; wheat, 10000 bushels; corn, III
900 bushels: oats, l9S,0eo bushels; rye, 5000
Flour. 5000 barrels: wheat, $4,000 bushels; corn.
So 900 bushels: oats, 5000 bushels; rye, 5000
bushels; barley, 1000 bushels.
On the Produce Exchange to-day the butter
market was firm and unchanged. Eggs firm
at I2c.
New YoRK-F1our stronger, 5@l0c higher
and in good demand. Cornmeal steady and in
better demand; yellow Western, 50 45@2 75
Wheat-Spot moderately active and for export
higher; advance checking business; options ad-
vanced AQISc, closing firm and active on
switching to late months, which,show advance
Rye steady and quiet; Western, 47@4S1x. Barley
matt 0ull. COrn-SpOJ nrm, 1alrlyeact1Ve and q
shade higher; options stronger and fairly active.
Oats-Spot firmer and in fair demand; options
dull and firm. Hay steady and quiet Hops
regular and SO@s6 points down; closing
market active and excited: sales, 228OOO
IS$59lSe5c; September. iS.5o@iss5c; October,
l3.5OGI3.90c: November. l350@@l3s0c De-
cember. lS.5O@lS.95c; January, 1a55@lSS5c;
February, 1S;6O@l4oOc: March, Ia6O@l405c;
depressed and dull; fair cargoes, nominal at
l614cc. Sugar-Raw strong; sales, 400 hhds
Muscoyado. 81 test, &c: light quality molasses
sugar. 81 test, 81; refined firm and in good
leans dull. Rice quiet and steady. Cotton
seed oil dull and weak. Tallow steady; city,
as: Rosin quiet and steady. Turpentine dull
mand; western, 144@l4s4c; receipts, 959i pack
ages. Pork dull; mess, SI3 0O@l3 25: extra
prime, Sll 50@ll rs. Cutmeats strong; sales
200 picked hams. sl2@l5; picked SHOULDERS
51sc. Lard stronger and moderately active;
sales western steam. S6 IS spot closing at
S 81; city, IS 80; July s. SS@6 IS, closing at
bid; September, 81 03@7 07, closing at 81 OF bid;
October, s. o. closing at s. 05. Butter firm
and in moderate demand; western dairy. log
l4c; do creamery, 13@l715c; do factory, 71I
@lSc. Cheese stronger and in good demand;
western, 714GS1Sc.
ST. LoUIs,-FIour firm. Wheat higher
Unfavorable reports caused stiff
advance of l1S@1M and the close was very near
to the top and strong No. red, cash, S31S;
July closed 74ss; August, 74sss; September 75z:
December, 7S14 bid. Corn firm: No. mixed.
cash, z@3lss July closed 81 bid; September
S3% bid. Oats firm. but dull; No. cash. 23
bid; June, % bid; July, 22sS bid Rye No Q Al
asked, 3S bid. Flaxseed, August delivery,
Is; spot, sL30. Provisions steady and un.
changed.
CINcISNATI-Flour firm. Wheat quiet:
No. red, S5x@S6c; receipts $500 bushels:
shipments 200 bushels. Corn duh: No. mixed,
&c Oats barely steady; No. 2 25@2511c. Pork
quiet at Sl2 00Ql2 so. Lard firm at Sc 3d.
Bulkmeats and bacon quiet. Butter dull
Sugar in good demand and higher; hard re.
fined. 915G95sc: New Orleans, 711@SIc. Eggs
Arm. Cheese easy.
BALTIMoRE-Provisions quiet Butter steady.
l6@lS15c. Eggs firm at l51Sc Coffee
quiet; Rio fair at 17hc. Receipts-Flour.
1000 barrels; wheat. kO00 bushels; corn, 10,
900 bushels; oats. 5000 bushels; rye LOOO BUSH
els. Shipments-None. Sales-Wheat 81 ON |
bushels; corn, 2, 900 bushels.
PHILADELPHIA - Flour quiet but STEADY.
Wheat 1@2c higher. Corn strong and higher. |
Oats in good demand for car lots and prices |
firm: futures quiet but firm. Butter steady but |
dull; Pennsylvania creamery extra, 161l6l7c: |
DO tirsts, extra, l7@lSc. Eggs steady; Penn |
sylvanla frsts, l6@l611c.
MILWAUKEE - Flour in good demand |
Wheat strong; cash and July. 7S55Sc: Septem- |
per, T7lzc Corn firm; No. g. 3515c Oats firm.
No. white, 2Sc. Rye quiet: No. /, 431Sc Barley |