Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-06
MARKETS BY WIRE.
A Sharp Break in Wheat Without Any
Particular Reason for It-Corn
Firmer and Oats Easier-Hog
Products Stronger.


CHIcAGo-Another sharp break occurred in
wheat to-day, the inside figure for May being
just 412c lower than the outside price OF yes
terday, and the closing &c lower. July de-
clined S5sc below yesterdays closing outside
ngure, and closed l5sc lower than yesterday
closing. 1t is difficult to give reason 1or tne
weakness other than that there was but little
demand. and that the offerings were quite
large. A large local floor trader was reported
as having unloaded line Of long wheat. Inc
fine weather here and increase OF 2o4,OOO pusn-
els on ocean passage may have helped tne
weakness. The opening was 5zGlc lower tnan
yesterdays closing, and for while the market
ruled fairly steady and prices even advanced
&c. But shortly after the opening the market
beran TO weaken. 1t was found that some
wheat was pressing on sale and there was only
light demand and no effort made to support
the market The weakness became more
marked and developed almost into panic,
prices declining 354c in a very short time.
Later &c reaction followed, but this advance
was again partially lost.
A very fair business was reported in corn,
trading being quite active at times. The feel
ing developed was considerably frmer, there
being very good demand from shorts and
other sources. The market opened at about
the closing prices of yesterday, was easy for
&c, reacted hc became steady and closed a
shade higher than yesterday.
An easier feeling developed in oats, and
prices declined 1@1zc from yesterdays closing
figures. aoro,o,od N
hog products during the early yart of the day,
and trading was quite brisk. Prices huctuated
considerably, but on the whole range mate
rial advance was established on all the leading
articles. Pork was strong early and prices
were advanced 30@35c on the closing figures OF
yesterday. At the improvement offerings were
somewhat larger, and prices receded lOql5c
ana closed rather steady. In a less marked de-
gree lard and short RIBS followed the same
course.
The leading futures ranged as follows
WHEAT-No. 2 March, 81 0l@1 0l1s99SG99c;
May, 81 O35s@1 O31S@1 0OA@l 0lsz: June, SIG
971i@g7@97c; July, 9O4 @9OI @SS@s91Sc.
CoRN-No. March. A@S5@S44@S46c;
May, HQS6H@S5Sz@96c; June, S534QS5RGS6HS
oATs-No. March, 2516@25f@251S@251sc
May, 271<@2A@HGA1sc: June, 2Uss@2OssG2o9s
Mss Mss PORK. per bbl-March, sl1 621S@l &c
oil 651Sail 631s; May, sIi 75Gii 9591n 7OG
II S215; June, Slf 771t@Il 95Gll 7715@1l 10.
LARD. per 100 bs-March, S6 S71z@6 900
6 S71zG6 S71I; May, IS 9715@7 oO@6 s219G6 s71zi
SHORT RIBS, per 100 Ds.-March, s6 Is: May,
s6 25Q6 SOG6 2215@6 25; June, IS SO@6 S5Q6 3OG
6 S255.
Cash quotauons were as follows: Flour weak,
red, 9s1@asc No. : corn. s45lSs4Sc
No. oats, 25SSc. No Frye. 42114c. No. 2 barley,
sSans sssd al s2 h1''fd a Mess perf % ERs Gse
sll 62H@ll Is. Lard. per 100 lbs. S6 9O@6 9215
Short ribs sides Qoose). s. 1895 Is; dry salted
shoulders (boxed), S5 25@5 37155; short clear
unchanged. Receipts-Flour, 1000 barrels
wheat 5000 bushels; corn, 1921 900 bushels
oats. l4l 600 bushels; rye, 1900 bushels; barley
5000 bushels. Shipments-Flour. 1000, bar
rels; wheat 240Oo bushels; corn. l4S,0O0 bush
els: oats, 5000 bushels; rye, none; barley
So 600 bushels.
On the Produce Exchange to-day the butter
market was steady and unchanged. Eggs
easy at l2Gl213c.
Wheat-Spot dull and nominally lower; option:
150slc lower and weak. Barley dull. Corn-Spoi
fairly active and firmer; options quiet and firm
er. Oats-Spot dull; options dull and easier
active. Coffee-Options opened steady and un
changed to 10 points up closed barely steady, II
to 25 points down; sales, Sc, 500 bags including
March; l6sO@1zlOc; April l6s5@17. .lOc; May
17.40c; August, 7.2O@l7.55c September, I7.2;
@17.6Oc; October, E.35@l765c: November, T.6t
! @lz75c;' December, 17.5O@l7.75c; January, l7.75
| spot Rio strong; fair cargoes, lSszc. Sugar
Raw stronger and in moderate demand; fair re
fining, l5-l6c; centrifugals, 96 test 1ll6c; re
fined dull, but steady. Molasses - Foreigr
strong; so test, 2lH@22c; New Orleans dull
Ree uRat kettle but fGqa S@ aaS oil sEons
Tallow easier. Rosin steadier; strained com
mon to good; 81 l21x@1 Is Turpentine quiet
14@l415c; receipts, S,054 packages Pork higher
and active: old mess SD 259i2 50; new mess
SD 75GlS 25; extra prime, sl2 0O@l2 So Cut
meats quiet; picked shoulders &c; picEled
middles quiet; short clear, SO 40 Lard stronger
and quiet; western steam, 81 %; city. S6 S5
March, 81 %, closing at 81 %: April, 81 %; May
Closing sing at s. 81; July, s. 81, closing at ats s. 81
! August, 81 "a closing at 81 IS; September 81 40
| closing at 81 3S Butter steady; in good demand
Western dairy, lSg2Oe; do, creamery, new, l6G
Western, 915@lI1zc.
ST. LoUIs-Flcur quiet and unchanged
! Wheat-The unexpected increase in ocean
wheat started decline this morning and May
| dropped &c and July lc, but later there was !
and prices closed A@l1sc below yesterday; No
2 red, cash, 921SG94c; MAY sold at 945S9961kc
closed at 953s@9513c: June, 9215@931zc, closed al
9219c bid; JulN s25sQSS14, closed at s23zc bid
2, cash. 2s@2Ssssc; May. SOs4@9lc, closed at SOzc
asked; July, 3O1SQ305sc; August 3S1Sc Oats
nominal for No. 2 cash, held at 24115c bid, and
May. 271zc, with no sales; No. red cash sold al
Barley dull and neglected Fla1seed-Prime
salable at 81 80 Provisions firm, but quiet.
CINCINNATI-F1our in moderate demand
family, 81 0O@4 Is; fancy, 81 70. Wheat nom
inal; No. red. Csc; receipts, 100 bushels; l,5Ot
bushels. Corn stronger; No. mixed, &c. Oatl
barely steady: No. mixed, 2662615c. Rye uuie
and steady; No. 2 SIC. Pork in fair demand anC
stronger at sl1 S718. Lard firm at Sc So Bulk
meats firmer; short ribs Sc BIZ. Bacon strong
er; short clear, 81 So Butter steady. Sugal
in fair demand. Eggs dull Cheese quiet
REHABILITATION light ant
the market weak. Wheat very dull and pricei
of options entirely nominal. Corn-Bettel
speculative inquiry for No. q prices of which
were a shade firmer. Oats-Carlots steady
Provisions dull but steady. Pork-Mess, new
-SI4 90; do prime mess. new, sl3 so; do family
SIS 90. Hams, smoked, 1l@12c. Lard, pur,
refined, Sc.
NATURALIZATION steady. Wheat activ,
and easier: cash, 9l15c; May, 92c; July, soc
Corn easier: No. 8 at 2915@3O15c. Oats easy; No
white, N@271zc. Rye steady; No. i, 44c
Barley dull; No. 2 5Sc. Provisions firm. Porl
at sll 20. Lard, s6 S715. Cheese steady; ched
dars, l1@u&c.
BALTIMoRE-Provision firmer at unchanged
values. Butter steady; Western, packed, l6@
zoe; best roll. l3@lSc; creamery, 27@2Sc. Egg
steady at 13@l375c. Coffee strong and higher
Rio cargoes. fair, 1870.
ToLEDo-Cloverseed dull and steady; cash
81 so. Anril 81 80. receipts 36 baps. shin