Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-01-09
Z K BY TELEGRAPH,
Wheat Unsettled but Higher-Corn Moves
Up a Poinr-OaIs Quiet-POrk and Lard
Steady-Short Ribs Handled on the Slid
fr1 Scale

N0eal O0bellleu Uul I1lEueT-SOTn MOVES
Up a Poinr-Oats Quiet-POrk and Lard
Steady-Short Ribs Handled on the Slid
ing Scale.
CHICAGo-A fair business vas transacted
IN wheat and the feeling was unsettled.
General indications were favorable for a
better market, and prices did average
higher, but there was more or less opposition to
the advancing prices in the shape of free offer
ings by two prominent local traders. The Open
ing was strong, HG3sc higher than yesterdays
closing, and advanced &c more, later eased off
under free offerings and prices declined &c,
again rallied l1sc, huctuated some and closed
&c higher than yesterday. The principal
feature of strength on the market was the
strong tone Of European advices, both private
and public cables quoting higher prices. Do
meStic markets did not appear to sympathize
with the advance until late in the day. Shorts
covered freely and good buying was credited to
house who have foreign clientage both on
'long'' and short account.
A better feeling was developed in corn, and
trading was of larger volume than for some
time past, though the range was narrow. There
was a large line of shorts covered. one house
being reported as buying 100000 bushels.
Trading was largely in May and at S7Q37%c; Of
ferings were very liberal, two or three houses
selling freely within the range mentioned. The
market opened at yesterdays closing prices
and advanced &c, ruled steady and closed "a
&c higher than yesterday. There was only a
moderate interest taken IN the oats market.
Outside orders were in rather limited supply,
and local traders were inclined to 60 slow dur
ing the greater part of the session. A steadier
feeling prevailed on the near and distant fut-
ures. and prices advanced HdNc. and the mar
ket close d firm. Quite a good speculative
trade was reported in mess pork, and prices
ruled with considerable irregularity. Az the
opening the feeling was weak and sales were
made at SIS O06I7 30, a decline on the closing
figures of yesterday. Later the market exhib-
tied more strength, and prices rallied l5@20c
and huctuated considerably within a small
range and closed comparatively steady. Trad
ing was quite active in lard and the feeling was
somewhat unsettled. A reduction Of 215c was
established at the opening, but prices later I'M
proved &c. Later a reduction of l0Ml215c was
submitted to, but near the close rallied 21S65c,
and the market closed steady. Trading in
short ribs was moderately brisk, and prices
fuctuated considerably. Prices opened lea
12Hc lower. but quickly advanced 7%@l0c.
Later a weaker feeling was developed and a re-
ductiOn OF loo was submitted to. Toward the
close the market was strong and prices rallied
6071%c and closed steady.
The leading futures ranged as follows:
WHEAT-No. 2 January, 81 OOL; February,
II UlZg04 VIZ. ndNs = = Ny4N4 OOIStAl VdSSOllUOIS.
July. g61l696E@95]I@9el[c.
CoRN-No. , January. S3H633Ic: March, S5L
635Ac; May, S1@3TLd36H@57c.
OATs-No. 2 January. 243z625c: February.
25LG25%G25A@25sC; May, 202SZ6Z7LM2Sc.
MISS PORK, per bbL-January, SIS 256i3 27%
Obj 25Gl3 ~: February, S3 300i3 3O6l3 10
ais 30: MAY, Sl3 42%dl3 45GI3 4Gdl3 IS,
LARD per 100 bs.-January,. s. 57kQ7 42%@
Z 3OG7 ~: February. 81 4%67 4f&67 356
Z AZ; May, s. 62%G7 671407 521347 65.
SHORT RIBS. per 100 itS.-January, IS S56
6 30: March. IS 9715G7 0O@6 92%G7 90: NAV,
s. 02%d7 l21%67 O0G7 10.
Cash quoJaJlons we're as follows: Flour.
STEADY and unchanged. No. 2 spring wheat,
81 00@l 0A: No. 3 spring wheat, S6%c; No.
2red. 81 OOQl COZ. No. 2 corn. 33Ac. No. 2 oats.
24Hc. No. 2 rye. Csc. No. 2 barley nomin
al. No. lhaxseed. 81 81. Prime timothy seed
firm. Mess pork. per barrel, Sl3 25@l3 30. Lard,
per l0lbs. 81 1907 42%. Short ribs sides Qoose),
$3.50. Dry salted shoulders (boXed), unchanged.
Short clear sides (boxed), do. Sugars-Cut
loaf, unchanged. Receipts-Flour, 5000 barrels;
wheat, $1,000 bushels; corn. 10000 bushels: oats.
ll9,00O bushels; rye, 5000 bushels: barley, 76,0n0
bushels. Shipments-Flour u, 600 barrels; wheat.
1900 bushels; corn. 73.0G0 bushels: oats. lOi 600
bushels; rye. 5000bushels: barley, 81, 900 bushels.
On the Produce Exchange to-day the butter
l6c.
NEW YoRK-Flour - Receipts. 1874 pack
ages; exports 4,6lS barrels, 800 sacks; steady