Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-29
MARKETS BY WIRE.
A Bulge in the Wheat Pit. but IL Falls to
Hold the Advance-The Weakness
Caused by Less Favorable
Active

The easy opening. the heayy 1eenng iof ~.
hour or SO. then q bulgy, nervous advance and
q reaction later were all gone through wltn'
but the market closed q point lower than on
the day before. A majority of local operators
were looking for reduction despite the up
ward tendency mentioned in the early cables.
The enormous exports had an electrical euect
upon prices, and there was sudden pulge
which carried September to 7Sssc, December to
sOlSc and May to sc without any reactions OF
consequence.
On the bulge shorts rushed to cover, and there
was also free outside buying orders when De
cember touched 7S5zc and again when the price
reached 7ssIc. During the last hour of the ses-
sion the feeling became weaker on the less
favorable closing cables, and prices broke lAc
from the top under free and general realizing
sales by the smaller class of longs. The latest
bids for the leading futures were 1sGHc under
yesterdays closing.
A moderate business was transacted In corn,
trading being less active than for two or three
days, but fluctuations were within a fair range
The feeling developed was on the whole little
weaker. The market opened 1S@1zc lower than
yesterday. iuctuated within &c, ranged and
closed 1<@ssc lower than yesterday.
Oats fairly active, but unsettled. Arrivals
were light Fine weather, however, induced re-
ceivers to sell the near futures quite freely and
prices Eeceded Nc. October and December
though traded in freely remained steady
throughout TIE session.
Mess pork was the center of attraction, and
the trading was quite active. Prices were ad-
vanced 2O@25c on the large purchases. but the
rather free offerings caused weaker feellng
during the latter part of the session, and the
advance was lost Near the close 1t advanced
l0c and closed steady.
moderate trade was reported in lard The
feeling was unsettled. Early it was stronger,
in sympathy with improvements in pork, and
prices ruled slightly higher. Later the offer
ings were increased and prices receded lOQl211c,
but rallied 5G71ac. closing steady.
good trade was reported in short ribs, and
Early the feeling was steadier and prices mod
erately well supplied; closed steady at medium
figures.
The leading FUTURES ranged as follows
WHEAT-No. 2 September. 711sg1ssf@n9s
@771{c: December. 7SQs0SQ7Ssz@ z@7S1sc: year,
74G7SA May, ssGsl@s2A@ @sSc.
esa' ssssS 6ssoost. ssRssTsss Bsssn
% oATs@So. ~ 4 September. lsz9ais&c: October.
@2O1SG2O @2Oc; May, 2S@281s @22H90Ec.
10 s ooas 1893 S. Ss1 ssss ssSoosss scss
January, g 2oas S0Qs 071S@S TO-
LARD. per 100 bs.-septsmber; s. o21fQ6 90;
October, g eSGe oegS s2's9S s7's; January
SHORT RIBS. per 100 bs-september. "a So
a IS; October. 81 so@4 so94 s21f@4 s71s; jan
uary, 81 65@4 e2K
No. 8 spring wheat. hGiSc; No. 2
red. 7sc. No. corn. Ss5sc. No. oats. lss1c.
| faIseed. 81 2& Prime timothy seed, 81 ss@I 81
Mess pork, per bbl 50 IS. Lard, per lOo pounds,
Sc 021<@6 05. Short RIB sides uoose) "a 8.
Short clear sides (boxed), IS I21SG5 Is sugars
| Receipts-Flour, A,000 barrels; wheat, 1853 600
bushels; corn. 745, 900 bushels; oats, 900
bushels; rye. 1900 bushes; barley. 1000 bushels.
\ w g.
900 bushels: corn. AS, 600 bushels; oats, 1S7 900
bushels; rye. 1900 bushels.
On the Produce Exchange to-day the butter
| market was fairly active and unchanged.
Eggs in good demand and fair at l4Gl11c.
NEW YoRK-Flour more active; home and
| export generally steady, closing irregular.
| Wheat-Spot unsettled and dull; limited local
ower Sc Closing Tsas win e
Rge quiet; Western, 52S63c Corn-Spot quiet
and stronger; offerings light; options dull,
and fairly active; options moderately active
and &c lower. Bay strong and in
good demand: Hops weak and and quiet quiet
closed firm at 20Q25 points up; sales, $1,000
bags, including September, l615@l525c; Octo
ber. l5.25Ql530c; November: 10 5208l53 3Oc; May,
Is. 5.4O@l550c: uly ia 50;spot Rio firm; fair car.
goes, lS1Sc. Sugar-Raw nominal: refined quiet
| and steady Rice steady Cottonseed oil dull:
crude, 3l159a5c; yellow. AGazc ,Tallow qaiet.
1
good, 81 O6 Turpentine quiet. Eggs frm;
western, I7@lsAc; receipts 722 packages. Pork
sil O5 Cutmeats quiet. Lard-Nearby de.
mand: western steam. Sc 1906 As. closing at
So 4211; September; g sSGs 20. closing at ss 50
vember. s6 %; January, Sc 10. Butter-Choice
steady. others weak; western dairy. 9@l21zc;
creamery. llGlS1zc. Cheese barely steady;
| western. 6G7c.
|
wheat. but unchanged; xxx, 81 30@2 40; fam.
lily. 81 50@2 65; choice 81 75G2 80; fancy. So 40d
80; extra fancy, sS 1898 IS; patents, 81 20@4 80
| Wheat-Cash excited and higher but irmgu.
lar; options opened lower, as cables were quiet;
offerings were liberal, but demand active. prin
| cipally from shorts. and with reactions at other
was a good rally; this did not hold, and the
| close was about the same as yesterday; No z
red. cash, 761<c; August, 7614@77sSc. closed at
1910; September 75Hc, closed at 76Ac asked
May S25S@SS5sc, closed at s2ssc asked Corn
lower; No mixed, cash. 3l@3llzc; August. 81
@Slssc; September. Sl1s@3lssc. closed at 3l1s@
December, 3CA@3o1c, closed at suzIc; year,
| 305Sc asked; May. 3z5zc, closed at 325zc asked
Oats firmer; No: 2 cash. l711@lszsc; May, Z2ssc
| September, l8c bid; October. lS1zc bid. Rye
Nothing doing. Provisions firm. but quiet
PHILADELPHIA-rIour weak Wheat strong
and prices of options advanced HQ4c; export
| in elevator, T15c; No. 2 red in elevator 831 <c
SS 5sS Sssoss4g AsHg9ss sgo; 1eSBss ssBss9Sss s
Corn quiet; No. mixed, 431zc; No. high
| mixed and yellow, on track and in grain depot
| 44c; No. mixed, August, 4lH@42Zc; Septem.
| Der, 411664211c; October, 421z@423zc; November
| 42s1@43Zc. Oats-Car lots irregular; new No
| mixed, 2315c: new No. white, 2S1f; futures
dull and a shade easie-; No. white, August
275s@2Sc; September. Z34@2Sxc: October, 2s111
Q2S5zc; November, 291IG2Sssc. Butter dull and
| weak: Pennsylvania creamery extra, lie; prints
extra, 2O925c. Eggs strong; Pennsylvania
| firsts, l9c.
| CINCINNATI-Flour easy. Wheat in good
| demand: No 2 red, 75c; receipts, 1000 bushels
| shipments, 5000 bushels. Corn In light de-
mand; No. 2 mixed, 35H@36c. Oats firm and
| demand light; No. mixed, 2011c. Rye firmer
| No. 2 42c Pork frmer at $40 62x. Lard in
| fair demand at IS S71S. Bulkmeats quiet; short
| ribs, SIS 25605 30 Bacon easier; short clear
Sc 0O96 l2H. Butter easy; fancy creamery, 2OG
| 2lc. Sugar steady; refined, S1@9zc; New
Orleans. &c. Eggs moderately active at lac
| Cheese firm.
easy; cash, 7514c; September. 75Hc. Corn
quiet; No. 8, 3317034c- Oats dull; No. white
214Q23c. Rye steady: No. i. 425zc. Barley un
settled; September, 5s15c. Provisions firm.
| Pork, cash. So S7%; September, 50 S7h Lard
cash. IS 9711: September, IS E15. Cheese high
er; cheddars. s14@szc.
| KANSAS CITY-Wheat steady; No. cash
| 655SG651zc; August, 651zc; No. 8 red and Au
gust 6Oc; September. Gle. Corn lower; No. {
cash, no bids or offerings; August, 2S7sc bid
24c asked, No. i white cash, 2316c bid, 2415c
Der. l719c.
BALrMoRE-Provisions dull. Butter firm
| western packed, l06l3c: creamery I7@lSc
| EUOs firm. R,r