Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-01
MARKETS BY WIRE.

Nothing Sensational In she Wheat Pit, but
the Trade Rather Choppy-Fnvorabie
News From Dakotn-Other Arfi.
cies QuIet aud Featureless-
CHICAGo-To-day's session closed without
sensational features in the wheat pit July did
not sell above the closing figures of yesterday,
and there were no indications of any attempt
at manipulation, the price being down to with
in a small fraction of August quotations be-
fore noon. The general market opened in q
rather nervous and hesitating manner, with
some shorts disposed to cover. as initial trades
were at a decline of Nc as compared with yes
terday's closing
The early weakness however, was but tenn
porary. and Notwithstanding the large receipts
posted here and at other points, the market
gradually hardened under the influence
Of ostentatious and rather large buy
ing of August wheat by brokers for
prominent local operator. with
out scarcely reaction September moved up
szc from opening figures and December Nc.
Local sentiment, in fact favored the bull side
throughout the first half of the session, early
cables being firm.
A dispatch from Northern Dakota said that
the spring wheat harvest had commenced and
would be under full headway by August 3; also.
grain cutting would practically be over in two
weeks, which puts all danger from frost out OF
the question. The market closed quiet with
August shade su onger, September and year
off,
Only a moderate business was transacted in
corn trading being mainly local. The feeling
was comparatively firm, and higher prices were
the rule, especially so on the near futures.
The principal feature was the trade in July,
which was wanted. and sold at one time at lc
premium over September. The market opened
at about yesterdays closing, was firm and ad-
vanced Z914c, reacted, losing the advance,
ruled steady and closed about the same as yes
terday.
Oats were weaker and a shade lower, with a
fair increase in the volume of transactions.
In mess pork very little business was trans
acted, and the feeling was firmer. Prices were
advanced 21965c, but this was lost. Toward
the close a little demand from shorts attracted
some attention, and prices were advanced sud-
denly l5Ql719c, and the market closed rather
firm.
Rather light business was reported in lard,
and steady feeling prevailed. Prices we're
advanced 213@5c, and the market closed firm.
Only fair trade was reported in ribs. Prices
ruled comparatively steady early, but rallied
7H@l0c near the close, and ruled rather firm.
The leading futures ranged as follows:
August. 771397S1I I@771l@7ssc; September, u:
@7Issg7@711sc; December, 7s54@7914Q7sss@
:. SoEN-No; 2August ss4eae1e; sep.embsr,
@36llc
OATs-No 2, August. 22@22@NH@2lzzc: Sep
tember, ,2l1292l1S@2lsz@2lszc; October. 2c
10 45@Io 621S: septeT Der. sio So fGio 7oGIo SIX
@lO 20; October. $40 40@l0 A.
LARD, per 100 bs.-August, Sc 00@6 OK; Sep
tember, s6 l5@6 IN; October, Sc 1906 2O@
SHORT R1Bs per 100 bs.-August IS s5a
42l4@5 3219@5 421S; September. IS 1895 55@
5 40G5 5215; October, IS 45@5 521z@5 40G15 52155
ard unchanged. No. 2 spring wheat. 777S@7Sc;
No. spring wheat, 7S@T9c: No. red. 775s47Sc
No. 2 corn. 365sc No. 2oats 2l5kc. No. 2 rye. 4Sc
Prime ti@eshv G soed s. q Mesa poTS per bar
rel, $40 6215Gl0 20 Lard, per 100 pounds
50 U1H7G6 TO- Short ribs, sides Qoose), S. 40@
as 4& Dry salted shoulders (boxed), IS l211
as 2S Short clear sides (boxed), IS 6211@6 Is
Sugars unchanged. Receipts-Flour, 1000
barrels: wheat. 900 bushels; corn. 252. 000
bushels; oats, I3S, 900 bushels; rye. 5000 bushels
barrels; wheat, $4,000 bushels; corn, $4,000
bushels; oats, 1858 600 bushels; rye. 1900 bushels
barley 1000 bushels.
On the Produce Exchange to-day the butter
market was fairly active and unchanged. Eggs
quiet at lie.
NEW YoRK-F1our heavy and quiet. Corn
meal dull. Wheat-Spot unsettled, AGl1zc
lower and fairly active, chiefly milling;
piete settlements of contracts; other months
1s@5sc lower. with free sellers and weaker
cables Rye firm Barley nominal. Barley malt
dull; Canada, 9Oc@Sl O5 for old and new. Corn
options active. Oats-Spot more active, white
higher, mixed firm; options more active and
lower. Hay firm and in fair demand. Hops
quiet and easy. Coffee-Options opened barely
steady and unchanged to 10 points up, closed
weak: near months, 5Gl0 points down, far
months. 5 up; moderate business; firm cables;
l4sOc; September lISO3l5.05c: October l4SO
Gl49O; November. l400Q1490c: Decem-
Der and January, la7o9l4s5c; February,
1I7o@l4.80c; March, 1465al4S5c: May, A.700
l4.sOc; spot Rio quiet; fair cargoes, l71lc.
Sugar-Raw quiet and easy; fair refining
Il-l6c; centrifugals 96 test, re; refined quiet
and steady. Molasses-Foreign dull: New Or
leans quiet: Rice weak and quiet. Cottonseed oil
irregular. Rosin quiet and steady; strained, l0c.
Tallow easier; city (half for packing), 4sSc; out
Of town packing freeL common 60 strictly
choice, 9l6c. Turpentine frmer and quiet at
SyA04O12c. Eggs in fair demand and firm;
western, 1314@l4c Pork unchanged; sales, $50
barrels; mess inspected sl2 oO912 50; do unin-
meats strong; picked bellies, 1886: picked
hams, u12@llszc; picked shoulders, 51s@511c:
middles firm. Lard stronger and quiet:
city, s6 10; August. IS 40 bid; September. IS 4S
@6 81, closing at Sc 81 bid: October. S6 1906 81,
closing at So 81 bid; November. Sc S2@6 35 clos
sS 1 II liberal o supply and
@l7c; do factory, S@l213c. Cheese quiet and
steady; western, 6G7c.
ST. LoUIs-Flour quiet and steady. Wheat
better; receipts were disappointing and there
was y ucCTcdSc III tn6 SLOCk, Wn1le CABLES were
higher; this so alarmed some August shorts
that they hastened TO get out. The result was
rapid advance of nc, with which the balance
of the market sympathized enough to move up
H@3sc. After the early buyers wants were
satisfied the market weakened off. but rallied
late and closed N@2sc above Yesterday; No. 2
red, cash, 7S3z@7411c; July, 7311@74c, closed at
74c; August. 733sG174c, closed at 733zc bid; Sep
tember, 74&@741Sc, closed at 74s4c bid; Decem-
Der, 75s@7S14c. closed at TIC bid; year 1870
1870. closed at 1880; May, 731sc Corn-Cash
was again forced up, with sales at 4Oc, and this
bid for more; the July option was advanced to
4Oc at which the longs offered to sell in settle
ment or buy, but no settlement was effected
and the deal will be arbitrated; the balance of
the market closed weak and lower; No. 2
mixed, cash. 40c; August closed at 331Ic; Sep
tember, SSllc; December, s214c asked; year,
3lszc bid; May, 34ssc. Oats weak: No. cash.
22c asked; September. 207Sc; May Csc; July,
2lssc bid in settlement; August, zoe bid. Rye
unchanged. Flaxseed-Spot, 81 30; August,
81 23Ql 2314.
PHILADELPHIA-F1our- old winter
fiours very firm; new winters offer freely to ar
rive, but met with very little inquiry; springs
sold slowly at former rates. Wheat ruled firm
for futures; cash wheat dull and concessions of
%c nd to be made in order TO clean up receipts