Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-09
MARKETS BY WIRE.
Wheat Loses Its Grip and Prices Take a
Tumble-The October Pork Deal
Again Becomes the Gem

any large lines, and at the same time there arr
no lines of long wheat on sale. On the othel
hand, operators do not feel inclined to take tC
the buying side heavily under the existing cir
cumstances. The liberal receipts IN the North
W. st acted as the principal bear feature, though
the increase of 24S0O0 bushels in the quantity
of wheat on passage, as reported by Beerpohm
where decrease had been expected, also nae
tendency to create easier feeling. Inc
market here held steadily most of the day, WITT
| fluctuations confined within Nc range, CLOSING
! 2sc lower for December and sc lower Tor Ma,
than yesterday.
Very little interest was manifested in corn
which ruled quiet and inactive the greater parl
| of the session. Fluctuations were narrow and OF
| a light local character. The market was devoid
of any new features, opened at about yester
days final quotations. sold off &c, closing Ng
&c below yesterday. Cash property was In very
For oats, market was pervaded by dull,
weak tone in all its branches early, and there
was heavy opening for both cash and futures.
A continuation of yesterdays depression was
all the more remarkable in view of the fact
that receipts were 100 cars less than estimated.
| Trading was chiefly in May, and fluctuations
were within an extreme range of lzQ3sc. Just
country account These offers together with
considerable throwing off of long property by
local operators, broke May to &c. The slump
was attended with considerable excitement.
again claimed considerable attention. A mo-
tion for revival of the injunction dismissed
by Judge Shepard has been made in the Appel
late Court. Pending its consideration and
hnal settlement the clique has decided to
adhere to its old policy of refusing new packed
pork in settlements of contract Yesterday
afternoon and this morning its representatives
refused several thousand barrels which were
sold "for the account of which it may concern
at price ranging from $40 40 early down to
shorts. Hutchinson, however accepted a few
lots Of the "boycotted" article and under
protest, claiming that right while the question
OF the legality of the delivery was receiving
A good many SHORTS now believe that the
clique is working to save time, and by keeping
the matter in court to curtaIl the making of
pork. Procrastination is charged to be its
ruling purpose, and that when the month is far
advanced and packers find themselves unable
to make the property to meet their contracts
they VIII be open to a compromise. To-day
october pork sold straight at 50 95@l0 so. 1t
opened at $40 90 and closed at $40 %, fall
OF 45c yesterday.
In the general trade a strong feeling pre-
vailed, October lard and short ribs, and No
yember lard declined 21zc, and the January
futures SC all around
The leading futures ranged as follows:
WHEAT No. 2, October, S01%c; December,
SS1s@SS1l@S25sgS25Sc; year. SO34GSO34 @SO15@
SU19c; May. S55s@S534 4@S5A@S
CoRN-No. 2 October, SO5z @SlSSsc: December,
SlgSl@SOsz@SGAc; January, 3O5s@SOszc; May,
$685. M3S@33c.
OATs-No. z October. 19QlS7sc; November
1s14@l91ll l@l91s@l December, l99S@l91lc;
May, 224@22c.
MESS PORK, per bbl.-October, SIC 5O@l0 so
az 95Ql0 %; November, SO 45d9 4599 3OG9 3211S5;;
year, 50 OOG9 10: January, 81 S5G9 371aQ9 Esq
LARD, per 100 bs.-october, s6 22L@6 20;
November, S6 0215G6 05@6 O0@6 00 year,
S. 92113; January, IS S565 9715@5 S21505 9215&,
SHORT RIBS. per lOO bs.-0cto0er, S. l00
5 l21S@5 O5Q5 O5; November, 81 7.11SQ4 so; Jan
uary, a 1894 715@4 72115aS4 721S
Cash quotarlons were as follows: Flour
Set and uRonaIged sd. No 2spTng wheat 81
S0Kc. No. 2 corn. 3O5sc. No. 2osts, lS54c
No. rye, 4lHc. No. barley, Csc; No.
haxseed. 81 80. Prime timothy seed, 81 20
Mess pork, per Dbl. $40. Lard, per loo pounds
S6 2T15G6 30 Short RIBS sides Qoose) s. Is
sSor. RTg sassd ces4 ss ss0GSsfs dse s9ss & g. % @sa @
re Receipts-Wheat, III, 200 bushels: corn.
$1,000 bushels; oats, 495,OO0 bushels; rye,
10000 bushels; barley. l25.0OO bushels Ship
ments-Wheat 1900 bushels: corn. 246,OU0
bushels: oats, 1sS, 900 bushels; rye, 5000 bush
els; barley. 1900 bushels.
NEW YoRK-Flour irregular in instances
and easier; active for export and home trade
Cornmeal steady. Wheat-Spot lower, with
fair business to millers and receivers: options
dull and 14@2sc lower, closing weak. Rye
COrn-Spot active and weaker; options moder-
ately active, lower and weak. Oats-Spot
moderately active and weaker; options easier
and fairly active. Hay firm and fair demand.
Hops weak and quiet Coffee--Options opened
firm at lOQ20 points up; closed steady at 5@
10 points up; sales As $50 bags, including Octo-
Der, 1a20GI5.30c: November, l5l53l5 2Oc:
9gse%Der Ma9aS ,55a 5a9gar 1ga I5I5
@i52oc; july iSi5giGl5c; August, ns, 1850: lS eH
September. l5OO@l5.05c; spot Rio firm; fair
cargoes, Iy14c. Sugar-Raw dull ami nominal:
TAR refining, 575c; centrifugals, 96o test sc:
refined 1sc lower and active; {, $1,000; extra
55s@6c; off A, 65s@71Sc; mold A, 71Sc; stand,
ard A, nc; eonfectioners' A, nc; cutloaf.
18c; crushed, 7Sc; powdered, 71sc; granulated,
nc; cubes, &c. Molasses-New Orleans. quiet.
Rice firm and quiet. Cottonseed oil steady and
quiet. Tallow strong; city, 45Sc bid. Rosin
quiet and firm. Turpentine dull at 4S15c. Eggs
quiet and easier; western, 22c: receipts. 9'l54
packages: Pork strong: mess, sl2 5OGl2 Is;
picked bellies, l2pounds, &c; picked shoulders
4ss@413c; picked hams 9A@lOl4c Middles
firm. Lard easier and quiet: sales western
steam, spot, S. 7214g6 IS, closing at s6 72%
81 BID Ia and 90 % asked; October s6 6s; November,
closing at Sc IS; February, Sc Il, closing at 39
March, S6 A. Butter dull and easy; western
dairy, 9Ql4c; do creamery, l2@25c; do held at
l2@20c: do factory. 915Gl3c. Cheese stronger
and quiet; western, 9Gl0c.
ST. LoUIs-FIour quiet and dull but nm
changed. Wheat opened weak and sS@%c
lower: the market rallied from this and showed
strength for time, but again eased off and al
elUse was weak at Ss@13c below yesterday: No.
2 red, cash, 7S5zc; October closed at 7S3[c: De-
cember, SO1I@S05sc, closed at SO5sc asked: year
closed at 7Ss4c May, S4ss@So1Sc, closed at S4s/c,
cember, 275s@2Sc closed at 277s@2Sc asked;
January closed at Csc asked; May, 3O63ULc
closed at 30I3U1sc. Oats lower; No. q cash
BID; January, 20c; May, 2266223Sc'
Rye higher; No. 2 3913c bid. Barley-Sales.
Wisconsin. SIC: Minnesota, Csc. Flaxseed
higher at 81 975S. Provisions-steady and fHn firm
for pork and lard: firm and unsettled for 6ry
salt meats and bacon.
PHILADELPHIA-Flour - Weak. Wheat
Market continued dull and prices of options
declined zz@15c under continued light EXPORT
demand; No. 2 red, October, 825z@S3c; No.
vember, S91s@S3ssc; December. S4@8iI5c; Janu-
airy. S5@S515c. Corn-Car lots firm, futures
and nominal; No. 2 mixed in grain
depot, 4l13&c; No. yellow in grain depot. 42c:
No. 2 mixed, October, 4n@401lc; November. 40
@404c; December. S91z@393lc; January, 99Z
G9912c. Oats-Car lots strong; No. mixed
2514c; No. white, &c; No. white 2S62Sl5c: do
choice, 29c: futures quiet but firm; No. 2 white
October, 2734@2S15c; November, 2SJI@2s%c:
December. 29Q294c; January, 291663Oc Eggs
Pennsylvania frsts, 23c. Sugar Tc
lower; powdered, 734@7 1Sl6c; granulated, 71Sc
MILwAUKEE-Flour steady. Wheat easy;
cash, 7S2sc: December, 7614c: No. Northern.
steady: No white. 2Q221Sc rye frmer; No.
!. 1910. Barley frmer; No. 2, October, Sc.
Provisions easy. Pork, $40 90 for cash. Lard,