Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-02-27
MARKETS BY WIRE.


Wheat Unsettled, but Closes FractionaIly
Higher, With n Pressure to Sell
Corn Easy and Oats Steady
Hog Products Active
and Firm.
CHIcAGo-The volume of trading in wheat
o-day was fairly large ana the feeling unset
tied, with lower range of prices The market
opened strong, 5s@1c higher under good buy
ing with the shorts probably forced to some
extent. The favorable tenor of European mar
ket advices may have helped to strengthen the
feeling. The quantity of wheat on ocean pas
sage also showed decrease. At the advance
it was noticed that the speculative offerings in
creased, and this checked further advance and
later developed a weak feeling.
Many operators have been under the impress
sion that some of the large traders on the bull
side had been realizing for several days, but
were reluctant about selling themselves on ac-
count of the uncertainty of the market, but to-
day they took courage when it was found that
trades with some parties on the long side would
settle which heretofore would not: Prices
under the pressure to sell, declined 22sc below
outside figures paid early IN the day. From in
side prices the market again rallied &c, huctu-
ated for some while within 7zc range and
closed about &c higher than yesterday.
There was only moderate business reported
in corn. Transactions were largely local, and
fluctuations limited to nc range. Inc feel-
ing on the whole was trlfe easier, tnougn
values did not show much change from yester-
day.
An increased business was transacted in oats
at lower range of prices. There was de-
cided disposition on the part of operators to
sell, several heavy traders taking an active
part on that side. Buyers were Indifferent
about supporting the market until prices for
May had declined &c, when they began bid
ding freely and stopped a further break.
Around inside figures trading was heavy the
shorts being free buyers. A rally of &c fol-
lowed the depression. and the market closed
steady at decline of sc from Mondays sales.
Quite an active business was transacted in
hog products. and the feeling was unsettled.
The liberal receipts of hogs and lower prices
caused weaker feeling. and the offerings on
speculative account were quite free. Prices
declined moderately but the good demand
from the short interest and from outside par
ties checked the downward tendency. Trading
during the latter part OF the session IS; Nv was only
a small range, gradually advancing to outside
figures and closing firm.
The leading futures ranged as follows
WHEAT-No. 2 March, 81 05lz; May, 81 0S5s
a o91sGl O61S@l Os1s;i July S41sGs4a4@sS1S
CoRN-No. 2 March. sac; April, $50
S5c; May, S515@S5]6@S5x@S5Ac.
oATsINo: March; 251sc; May, 277s@z5s@H
MESS Pork, per bbl.-March, sll o5@ll l59
II 05GIl Is; May, sll l5@ll S2H@l l5@ll S219;
June, SQ 25@ll 40@ll 2o9l 40
LAR9 per I0,s 100 hs1Msreh ss3s Sn S. s5@s g
SHORT RfBs, per 100 ms. - March. IS I5@
6 2Oa6 I5@6 20: May, S6 OO@6 U71S06 OOG6 OH;
June, Sc U11z@6 l2114@6 05@6 l211SS
Cash quoJauons were as follows: Flour
firm and UNCHANGED; No. 2 spring wheat.
No. 2red, 81 645l@l O4I. No. corn. S41sGSl5lc;
No. 2 oats, 25sssc; No. 2 rye. 4315@435zc; No. 2
barley nominal. No. haxseed, 81 81. Prime
timothy seed, 81 A. Mess pork. per barrel,
sll 81 lo@ll Is: Lard, per 100 lbs, s6 77k@6 50;
shoulders (boxed) IS 2595 371S; short clear
sides (boxed), S6 l21IG16 25. Sugars. cut loaf.
unchanged. Receipts-Flour, 5000 barrels;
wheat, $1,000 bushels; corn 10000 bushels;
oats. l5O 900 bushels; rye. 1900 bushels: barley,
1900 bushels Shipments-Flour. 1900, bar.
rels; wheat. 1900 bushels; corn. 129, 900 BUSH
els: oats, 5000 bushels; rye 400 bushels;
barley, 1000 bushels.
On the Produce Exchange to-day the butter
market was steady and unchanged. Eggs
steady at l3@l318c.
NEW YoRK-Flour less active. Wheat
Spot dull and steady: options fairly active and
higher, closing 5s@Nc over yesterday. Barley
quiet; ungraded Canada, 75@83c. Corn-Spot
tlrm and fairly active; options moderately
active and unchanged. Oats-Spot irmer and
moderately active; options Nc lower and firm.
".
Cotfee-0ptions opened barely steady at lO@l5
points down; closed firm at SOLO points up;
sales, S9, $50 bags, including February l615@
l6Oc; March, l6.lOql63O; April. l6.l0Gl6.25c;
I6S5al6 4Oc; August, l6.45c: September, l65O3
l6.6Oc; October. l6.5O@l655c; November, l6.55c;
December, i6550l675c; January. 1850 6Oc;
spot Rio strong at lSc. Sugar-Raw strong;
fair refining, 4lSl6@45sc: refined steady
hrfn NIX dYf1
Rice. quiet. Cottonseed oil strong. Tallow
steady; city at SIC. Rosin steady; strained,
common, 81 O715@l 10; good 81 Z. Turpentine
higher and steady at 4Sszc. Eggs less active
and easier; Western, l5@l5l4c; receipts 4 5SS
packages. Cutmeats quiet; picked shoulders,
55sQ54c; do hams, 9S+@l0c: do bellies, II lbs,
6Ac. Middles quiet; short clear S. 40. Lard
dull and about steady; sales western steam,
s. 2047 2, closing at 81 20; city, IS 50; March.
81 1907 81. closing at 81 q: June, 81 2l@7 "a;
July, 81 q: August 81 26: September s. 29
closing at 81 81 Butter easy fordemand: west
ern dairy 1S920c; do creamery, I692S15c;
Elgin. 3O63O1SC. Cheese quiet and easy; west,
crn, 10GlO3zc.
ST. LoUIs-Wheat opened higher, but after
selling 1ac up for May it tumbled l14c. Laterit
reacted and May closed &c higher than yester-
day and July l l-l6c: No. = red cash. 96159971Sc;
May. gls4Gs7zsc, closing at 9S13g9S55ssc asked;
June, 95ll4c: July, S51s@S55sc, closing at S5ss@
S512c. Corn strong and higher, with the de-
mand in excess of supply; No. 2 cash, 275S@
2I5sc; March. eS@2S59c; May, 2O5s@2g3zc;
August, S3c. Oats lower; No. 2 cash. 2lc; May,
27G2Tssc, closing at &c. Rye dull at 44c. Bar
ley very slow; small sample lots of Wisconsin
brought &c. Flaxseed quiet at 81 So Pro-
visions steady with good job and order trade
CINcINNATI-Flour in moderate demand
Wheat dull and nominal; No. 2 red, 96@97c; re-
ceipts 5000 bushels; shipments, 150O bushels
Corn dull: No. 2 mixed. 321zc. Oats dull and
lower: No. 2mixed, 26c. Rye dull and weaker;
No. 2, 52@53c. Pork quiet at Sll 50. Lard
strong and higher at Sc 75 Bulkmeats and
bacon quiet and steady. Butter easier Sugar
steady but quiet. Eggs steady. Cheese firm.
MILwAUKEE-Flour steady. Wheat firm;
cash, $3.50: May, 9715c; July, 94c. Corn firm;
No. 5, S0c. Oats dull; No. 2 white, 27@2715c.
Rye nominal; No. l. 45c. Barley quiet; No. .,
Soc. Pork, Sll- 071Sc. Lard, S. 7755. Cheese
firm; cheddars, lO1l@l1c
PHILADELPHIA-Flour- light but
prices fairly held. Wheat dull and lower. Corn
dull and lower. Oats quiet and steady. 3.
BALTIMoRE-Provisions quiet; mess pork.
sl3 70. Butter firm and in good demand. Eggs
firm at l415@l5c.
ToLEDo-Cloverseed steady and firm: cash,
81 20; March, 81 65; April, 81 20. Receipts, 449
bags