Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-23
MARKETS BY WIRE.
Wheat Active, Excited and Higher for All
the Early Opti0us-The Question of
Supply Strong FactOr-Hog
producfs SfrOurpr.


Wheat Active, Excited and Higher for All
the Early Optious-The Question of
Supply Strong Factor-Hog
Products Stronger.
CHIcAGo-From the wide and rapid fuctua-
tions in wheat to-day one would be led to be-
lieve that the volume of trading was very large,
but such was not the case. A very fair busi-
ness was transacted, but there was so little
wheat to be had at times as to restrict trading,
and a good many orders could not be filed on
account of prices getting beyond the limits at
which the orders were placed. May wheat
opened Lc lower than yesterdays closing and
declined nc more, then started upward, ad-
vancing, with numerous fluctuations, &c, then
sagged again Ilzc, advanced lsSc and closed
&c higher than yesterday. June opened at
yesterdays closing and advanced zc and closed
&c higher than yesterday. July advanced &c,
with fair trading, and closed ABOUT 11xc nlgner
than yesterday.
While interest centered principally in the
May future, a good many ope1 1ators are dis
couraging the trading in this future and en-
deayoring to induce traders to operate in July.
The advance was again matter OF local spec
ulation, with shorts frightened and anxious to
cover, many, in fact were forced to do so.
Stop limit loss orders came in play. and the
fluctuations were so rapid as to make the I'LL
ing OF these orders very unsatisfactory, some
not being executed within lQlHc of the limit
frequently without a chance of doing much
trading. The short interest no doubt feared
themselves trapped and were anxious to es-
cape a 1urther squeeze. There were some re-
ports of too much wheat, and prolonged dry
weather in Illinois and Indiana, with weather
indications predicting clear, cooler weather.
The condition of supply is no doubt having
some effect on the market.
Corn opened slightly lower than the closing
prices of yesterday, was quiet and steady for
some time, then ruled active and frmer, ad-
lfvrfr fhrao
large local houses, and covering by shorts,
eased of Zc, again advanced, recovered the
decline, and closed firm at H@ssc higher than
Yesterday.
There was fair business in oats, at yester-
days range of prices.
Quite an active speculative business was
transacted in mess pork. Sales at the opening
were made at about the closing figures of yes
terday, and later in the day an advance of 201
sc was gained. Outside figures were not fully
supported, however, but the market closed
rather firm. Lard and short ribs huctuated in
sympathy with pork.
The leading futures ranged as follows
- WHEAT-No; 2 May, ss15e@sl 05x@ssc@
SSx@S63l@sSc; year, sO51GSi@S0IS oslo.
May. l@85sl@s9l l@S55Sc; June. 85zG85sS@
oSTsNSo. May, 25sS@25xc' June. 25H
MESS PoRK, per bbl.-May sl2 25@l2 5O@
= & 92 aS II; sIg Sg1s 9s sls SGs SGSS iS5S ia M 500
LARD, per 100 bs.-May. Sc 95@7 0211@6 95
az 021S5; June, 81 O0@7 O71z@7 OO97 05; July,
s. O5@7 1897 O216@7 10.
as 2O@6 Is; June, IS 271S@6 S5G6 2715@6 S21SS;;
July. Sc 30@6 1906 3006 S711.
Cash Quogauons were as follows: Flour
81 Olsl@i olzS; No. spring wheat, Sic: No. 3
oats, 245Sc. No. 2 rye. 4Sc. No. barley,
S%p 0sSR sss SO 4 A4e'S Ses. s. SS 5 Pems ps4 SafT t
So S5@l2 40 Lard. per 100 lbs. s6 95@6 g7111:
Short ribs sides Qoosel. s6 2O@6 40. Dry salted
shoulders 4bOxedl; d. S 81 5o@5 %: Short clear
7zs@S5zc; graduated, 7sSc:. standard "a"
7Sc Receipts : Flour 5000 barrels; wheat,
1900 bushels; corn, 100000 bushels: oats 1l6,-
bushels. Shipments - Flour, 1000 barrels;
wheat. 1l.0O0 bushels; corn. 10000 bushels;
oats $4,000 bushels; rye. 1000 bushels; barley,
On the Produce Exchange to-day the butter
market was easy and unchanged. Eggs weak
at lie.
NEW YoRK-Flour active and steady Corn
meal quiet. Wheat-Spot 5z@lKc higher; op-
malt dull. Corn-Spot irmer: options "a
&c higher. oats-Spot firm: options dull and
steady Hay firm and in fair demand.
Hops quiet and steady. Coffee-Options opened
steady, 5@15 points down; closed steady,
points up; sales. "a, $50 bags, including March,
1690c; April, l6SO@l695c; May, l685ll705c;
i725Gi7s5c; September, E.SOgI7. .4Oc; October,
L7.45c; November, H45Gl7.50c; December,
l7:50c; spot Rio about steady; tair cargoes,
1s Sng & S ana ses hsse5 tar
sales, 1900 bags centrifugals. P. T.; cargo DO
Ss4c an9 +; refined g, Nc higher - and moderate
sRand aS1na Sgi isSs eFsTs fsSc S%sS SsSx "hsss ss
&c: of 4, s is:Is971e; mold: DC;
loaf, SIC; crushed. s1ze; powdered nc: granu-
MOlo Enr roirr
strong 500 test 2f1G25c; New Orleans dull.
Rice steady but quiet. Cottonseed oil strong.
.callow higher; city, 43Sc bid. Rosin steady and
in fair demand; strained common to good,
81 l779@l 20. Turpentine quiet and steady at
5218c Eggs quiet and weaker; Western 1isz0
@l21zc; receipts, 6sS4 packages. Pork tirmer;
extra prime, Sl2 80 Cut meaIs firm; sales of
picked bellies, II pounds average, &c; picked
shoulders, 571c; picked hams, 9sz@lOc; middles
s. IS; CITY, Sc 80; March. 81 "a closing at 81 81
April, 81 27@7 2S closing at 81 80; May, 81 Sl@
z 34.closing at s. 30; June, 81 80. closing at
81 Sc; July, 81 30 closing at 81 SS; August 81 40
September, 81 40. closing at 81 A. Butter in
moderate demand and weak; Western dairy
13Q1Sc; do creamery, 17@25c; Elgins, 26GD27c.
Cheese quiet and unsettled; Western, 915@
1lHc.
ST. LoUIs-Flour-Demand good; trading
ctive and values strong. Wheat higher; an
o ther advance in Chicago sent the local market
higher. but the feeling was very unsettled.
winter wheat section and of export buying in
New York. Gables were dull and the weather
threatens rain here; May closed 1Tc. June &C.
ny &c aRo aSsusf e M,X sR0Te ysSterday No
$500 asked; June, S91< @90c closing at S95c bid;
July, sO9l@s04@Slszc. closing at SIssGSl1Sc:
August, 7S3z@7976c, closing at 79c asked. Corn
higher; advances in other markets and in
wheat strengthened values; No. 2, cash, 291Sc;
April, 291z@2954c; May, 3059@301S S@3O3zc, closing
at SOszc; July, S214@S215c; closing at a215c bid.
Oats better; No. cash, 2S1z@25c bid; May 261S
@26&c. Rye lower; more doing; No. 2 4l24c.
Barley easy; No. Canada, nc. Provisions
frmer.
CINcNNATI-Flour heavy. Wheat dull; No.
. red, CSC; receipts, LOO bushels; shipments,
200 bushels. Corn in moderate demand; No. 2
mixed, 2S@zS1zc. Rye dull; No. 9, 47c Pork
quiet at Sl2 6211. Lard firm at S6 S71z. Bulk
meats firm; short RIBS. Sc S77S@6 80; bacon
steady and unchanged: Butter quiet. Sugar
strong. Eggs heavy. Cheese steady.
MnwAUKEE-Flour steady. Wheat firm;
cash, S7szc; MAY, sec; July, SSc. Corn steany;
No. 8, 361z@3lc. Oats firm; No. white, 2SG
2S15c. Rye quiet; No. l, 1870. Barley nominal;
No. 2 Soc. Provisions firm. Pork, Sl2 S2%.
Lard. Sc 975<. Cheese firm but quiet: cheddars,
1l@l2c.
PHILADELPHIA-Flour dull. Wheat dull.
but prices nominally advanced l@2c in sympa-
thy with the West closing fvm. Corn firm
futures quiet but steady. Provisions quiet
but steady.
BALTINoRE-Provisions dull and quiet, car
lots mess pork, Sl3 50@l3 10 Butter easier;
western packed, ls@20c; roll, l5@l7c; creamery,
2Sc. Eggs easy at ll11c. Coffee firm; Rio, fair,
1s7z9lS5sc.
ToLEDo-Cloverseed dull and steady; cash
and March, IS Is; receipts, 576 bags; shipments,
1880 bags.
MetnI Market.
NrU V0DE-pio iron afaodv