Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-30
MARKETS BY WIRE.
A Squeeze In November Corn Sends Prices
Observation-Disclosures at the Bot
tom of the FURRY : Wheat
Waok---Do-lr

| november
Skyward-ManIpulntIOn Mt the Bot
tom of the FURRY : Wheat
Weakcr-Pork Easy.
CHIoAGo.-Wheat-Am moderate speculative
business was transacted to-day. and the feeling
was little tame. Local traders were rather
inclined to the selling side, and prices averaged
lower. The buying was only of moderate
character and rather scattered, though mooer-
ate purchases for May delivery were again re-
ported on foreign account Fluctuations were
confined within a small range, covering 1sg9sc
The opening was &c lower, eased on &c more,
then rallied 15Qssc fell back again &c and
closed 1EQ1zc lower than Wednesday.
There was nothing in the way of Importance
in outside news to affect the course OF the
market. Gables were generally quite nrm'
The receipts at Minneapolis and Dulutn,
although quite large, were smaller tnan SAINT {
days last week. Merchants reported haVing
received cables bidding an advance Oh oo ior
spring wheat over their offer earlier IN the
week.
Coma general surprise was in store for
operators in this market to-day. and IL oeYel'
oped in the shape of material advance N
prices. November, which closed W ednesaay az
$2lzc, opened to-day with sales at S315c to 53c,
and advanced, with a slight reaction, 70 ooc:
The pit was the center of attraction, and greaT
excitement prevailed. This was the prlnelpatt
feature of the day. The present low stock OF
contract corn in store, the last report making
| the amount less than 100000 bushels, made it
easy for manipulations, and certain party OF
parties have taken advantage of the situatlon,
there being a short interest reported OF ABOUT
| $4,000 bushels, distributed through seven OF
| eight houses here.
The receipts of contract corn have been light.
only 80 TO IS per cent being of the contract
grade A certain prominent local speculators
| name was frequently mentioned in connection
with to-day's advance, it being the OPINION
among certain traders that the operator above
mentioned was short, and the advance was due
to the purchase of a large local packer. Inc
opening was unsettled. A very feverish feellng
prevailed trading being at a wide range.
Brokers were in tie cash crowd, and first sales
of car lots were reported at Soe, and from lnls
up to Gle was paid. Outside of November the
other months were rather neglected, tnoug1
slight advances were scored in December and
May.
Oats were quiet and steady, there being too
much excitement in corn for operators to give
oats special attention.
Mess Pork-A little more strength was ex-
hibited early in the day, and prices ruled o9772c
higher on the long deliveries. Later, the feel
ing was easier, and prices declined 1Ogl21c.
Lard-The trading was moderate. 1he 1eel-
ing was stronger early, and prices ruled 217Goc
higher, with fair sales at the advance. Later,
the market receded again, and the market
Short Rib Sides Trading was comparatively
light. Prices exhibited very little change.
The leading futures ranged as follows:
WHEAT-No. 2 December. 791s@7978@76zsQ
79Ac; January, SO@SO1z@79N@SO1sci May, S41s
CoRS-No. z November. SiG5693S16@55c;
December, 3l1S@3l%@ %@Sl1S@3l5Sc; January, 3CA
GSlgSGA&SOSG; May SsgSs 9, SSS9SSSAsSii $Sa1
January. 2O2s@2OA@20H@2O14c May. 21s@225s
MESS 16s PORK per DOaYss5 50 , Iz@s sza IsSg g.
May, So 671S69 671SQ9 571S99 571<.
LARD, per 100 bs.-YeaT, IS 9095 921z45 SI1z
as S716; January. S. sO@5 9211@5 S71z@ S716;
SHORT RIBS. per 100 Ds-Year 81 S738@4 s1S
"a S5@4 s.: January. 81 5000 S0@4 1894 77116;
May, 81 s7]f95 Oo@4 s714@4 9775'
Cash quotauons were as follows: Flour was
dull and unchanged No. 2 spring wheat 76Hc;
No. 8 spring wheat. 66@67c; No. 2 red. 7S,sc.
No. 2 corn. 55c. No. 2 oats. 2092Q1sc. No.
rye. 4415c. No. barley, Sc. No. l max
Mess porEs Der bbl, Sc 50. Lard. per 100 lbs.
IS 92%@5 s. Short ribs sides Qoose), s5 009
90. Dry salted shoulders (boxedl, 81 311
"a 50. Short clear sides (boxed), S. 25@5 3775.
Sugars-Cutloaf. unchanged ReceiPts-Flo1I;
% 900 barrels: wheat 12S 900 bushels: corn 1872 900
bushels: oats, 1873 600 bushels rye, 5000 bushels;
barley, 5000 bushels; shipments-Flour, 81, OOO @
barrels; wheat, $1,000 bushels; corn. 2Sl, 600
bushels; oats, 49, 000 bushels; rye, 5000 bushels;
barley, $1,000 bushels.
On the Produce Exchange to-day the butter
market was steady and UNCHANGED. Eggs.
NEW YoRK-Flour quiet and heavy Corn
meal quiet. Wheat-Spot dull and weaker;
options fairly active, H@1Sc lower and steady.
Rye steady; western. 55@5512c. Barley steady.
Bsrlevmait quiet. Corn-Spot active; options
moderately active, irregular, 20 lower and
weak. Oats-Spotdulla and tirmer; options dull
fair demand and firm. Coffee-Options opened
steady and 5@l0 points down, closing barely
steady, 20(l30 points down and moderately
active; sales, 7l,5OO bags including N November,
15o5@l5 Csc; February, 1886; March. 1850
!6.O5c; April, 15sOGl6 15c: May; l5.s59l6 15c;
ber, i6S5GI6S5c; spot Rio easy and quiet; fair
cargoes. 1870; No. Z, l71zc. sugar-Raw
firm: sales, Loco bags centrifugals $50 test, &c;
5000 bags. ,414ci refined firm and quiet,
leans steady and in fair. demand.
Rice fairly active Cottonseed oil firm. Tai
low steady Rosin steady. Turpentine steady
ceipts; Western, &c held 23@25c: lined, 17@
IS1kc; icehouse, 1S92lc; receipts ,298 packages.
Pork firm. Cut meats steady. Sales, picked
@5c 9el55s ~ pic&1ed I hSmS sc middIes fTm
Lard easier, quiet; sales, $50 Western steam,
Sc So, closing at Sc S5; 900 tierces. C. & f., at
s6 321zG6 IS: so tierces, city steam, SIS 95:
as 80, closing So Is asked; January. Sc 1896 80,
closing Sc 90 asked; Feb uary. So 35 asked;
March. Sc SO asked; April, So AZ bid: May. Sc 46
bid. Butter, choice, firm and fairly active;
Elgin, 27@2Sc; Western dairy, 9G1Sc; do cream
cry, l3626c; do held, 15Gl9c; do factory, 7@l9c.
Cheese quiet, steady; Western. 715GlOc.
PHILADELPHIA - Flour = Spring wheat
steady with light demand; winter grades
quiet Wheat-Spot quiet; options quiet and
lower;fair to good milling wheat. S0@85c; choice
and fancy longberry. S7@S9c; No. 2 red, Novem-
Der, 7g5l@S0c: December, 7934@S0c; January,
tions steady: carluts weak; new No. mixed,
on track 405zc; new No. high mixed in
Twentieth street elevator, 42c; old No. mixed,
in export elevator for local trade, 4lszc; old
No 2 yellow, on track. 44l%c; No. y mixed, No
Yember. 4l6A1xc; December. 387S@39ssc; Janu-
ary, 3Ssk63S5Sc: February, 3S3z@3yc. Oats
CARROTS steady with light demand; No mixed,
choice, 3Oc; futures quiet but steady; No. 2
white, November. 2992914c; December, 291zQ
29<c; January. 291S@295c; February, 29s4@3Oc.
Eggs-Fresh stock scarce and firm; Pennsyl-
vania firsts, &c.
MINNEAPoLIS-Thers was a firm tone to
the cash wheat market. Notwithstanding the