Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-05
MARKETS BY WIRE.

The Summer Lull Strikes the Wheat Pit
Bearish Reports From the Northwest
and From Europe-No Material
Changes. but All the
Options Weak.
CHIcAGo-Trading in wheat was lighter to-
DAY than 1t has been on any day for month
past. There were no outsiders to speak Of and
apparently but little local interest in the deal
outside the scalping crowd. As a result, the
market was narrow and fluctuations in prices
were within narrow bounds Nc covering all
the changes. December opened at 7sssc, or
just where it left off yesterday, and after
gradual weakening to 7S1sc, worked up to 1873
Q7S1zc, closing at 7S3sc.. Gossip as well as news
was conflicting.
There was q big batch of bearlsh reports
from the Northwest, one Minneapolis dispatch
saying that the crep of the Northwest would
be 100000 bushels, and another that prices
Tor wheat at country points have been reduced
&c. Weather conditions everywhere on this
side were again magnificent and just what the
threshers need. Private cables were frm-no
public ones on account of holiday. The favor
able news from abroad was backed up by good
buying orders for cash wheat here.
Two OF the largest California experts now es-
innate the crop of that State at 81. 000, 900 and
100000 respectively, according to a dispatch
shown on Change to-day, being q material re-
duction from former estimates. The market
closed tame with prices within a small fraction
of yesterdays closing price.
A moderate speculative and fair shipping
business was transacted in corn. and the feel
ing developed was easier, the bulk Of the trade
about yesterdays closing prices. was steady for
time, but soon sold off N@3sc, became mac
tive and closed N@skc lower than yesterday.
Oats were quite active, but weaker, and
rria dnn lima n fha rEnf oil 1faf
and steady at about inside figures. The cause
for the decline was the large receipts. The
percentage OF new was heavier, and the quality
Less was done in pork. Prices declined l71z
inside figures
feeling was easy and prices ruled about 211a5c
lower and closed quiet.
A fairly active trade was reported in the
market for short RIBS and the feeling was easi-
clos ed quiet at inside figures.
The leading futures ranged as follows:
WHEAT-No. September, 7611@76N@764
Ga%5ssc; % ~ December. 7Sss07Sssc; year, 1910
GCssNs GcsSSNo. September. ss@ss@s5%aagNo;
2se; 9Soa october. sSaSsalasfs Sssss%sss Mss S
n MESS 46o PosK per belIseptsGns5 s1o 7eg
iS iS S sgS SsSlg @ sSaar2 S 9e;sesS seSs 20 SS
LARD, per 100 ns.Eseptember. IS zoe 2215;
ostobeI, o g %@6 25@o 2OG6 20; year, S. s7h@
s5S5 ss24SS 2 SsS7 PA q October IS 1895 s71z;
Cash quotations were as follows: Flour
No. sprne Wheat nominRal No. fea
Ne. rye isSsssSe: 81. barley nominal: No.
Mess norJr ner barrel $40 5O6DIO h5 Lard per
ioo % pounds, 80 15@S IL TX. Short rib % sides de.
(loosel. IS S5@6 40. Dry salted shoulders
lbo1edl. UNCHANGED. Short clear sides lboxed).
Flour, 1900 barrels; wheat, 10000 bushels;
corn. 295 900 bushels; oats, 245,00 bushels; rye,
1000 bushels; barley. none shipments-Flour,
bushels: oats. la5oOO bushels; rye 1900 bushels;
On the Produce Exchange to-day the butter
market was active ana unchanged. Eggs quiet
at lie.
NEW YoRK-F1our heavy and quiet. Wheat
Spot easier and quiet: options dull, 1sc lower,
and steady. Barley malt quiet Corn-Spot
weaker and moderately active; options active,
H@Hc lower and weak. oats.spot weaker
Hay in fair demand and firm Cofee-Options
opened steady and UNCHANGED to o points ad-
vance, and closed steady 5@15 points up; sales,
October. l6lO@l5. 20; November. i6 lOc: Decem-
Der, 160O@15. Doc; January, A95@l5.l5c; March,
1o2oc; May 1860 Ql5. Zoe; spot Rio stronger; fair
fair refining. 8ssc; centrifugals, $50 test, 7]Sc
refined quiet and unchanged. Molasses-For-
eign dull; New Orleans dull; open kettle,
so0d s fancy % ass u ana steady aSs
Sc: yellow, 43946c. Tallow quiet; city (s2 for
packages). 45sc. Rosin quiet and steady. Tur-
pentine steady and quiet at 4oB@4lAc: Eggs
firm and in fair demand; western best, l4@Q15c;
do fair, 12@l311c; receipts. 26S6 packages. Pork
quiet. Cut meats quiet; picked hams, u11c;
middles weak. Lard easier and dull; sales west
October. IS 5s@6 So closing at So So bid; No
vember. S8 1906 40 closing at So 80 bid. But
ter-Choice steady; others weak; western dairy.
l0@l21&c; do creamery, 11017c; do factory. S0
l2Hc. Cheese strong and quiet; western, 6@7c.
PHILADELPHIA-FIour- old winter
lours firm; new wheats very dull and largely
nominal in value; springs in fair supply and
track, s5c; do in export elevator, SIC: No. red,
August. S4@s414c; September. S3sk9S4c; Octo-
ber, S4@S411c: November, S434@8556c. Corn
ss psss c sSsea asS but % G5
in Twentieth street elevator, 451zc; No. yell
low. Acc: No. Q mixed August, 4Ss4@441zc; Sep
ssmssl 1885, @ osss oSsso6e5 a1sss aS a9s; SS SS
steady; No. white, 3Sc; No. white, 341fc; do,
choice, on track. 36c; No white 36c; futures
dull and Hc lower; No; white. August. sl15@
November. slII6sl1Sc Eggs steady: Pennsyl,
vania firsts, l5c.
oRE-Wheat-Western quiet; No.
winter red, ,spot, S4@S41 4c;August S3llc; Septem-
ber. S2zs@83c; October, 84c; December, $3.50
S5Ac. Corn-Western easy: mixed spot, 44c;
AUGUST. 49, &c: September, ,43@ 1csales steamer
at 40c. Oats firm at 44lzc; western white higher
33@35xc;d do mixed steady at 29@30c: graded No.
white. 35Q3515c. Rye nominal at 5O@52c Hay
firm; old wanted; prime TO choice timothy,
sl5@l6. Provisions dull. Butter steady; cream
cry, l6@l7c. Eggs very firm fresh, 14c. Coffee
nominal; Rio fair at 1s14c.
ST LoUIs-Flour quiet and unchanged.
Wheat lower; trading light; No. 2 red, cash,
733s@735c; August closed 7315@7325c; Sep
tember, 74@741sc bid; December, 7714@775sc
bid. Corn dull; No. 2 mixed. cash. 3312@3S5sc;
August closed 3314c; September. 331sc asked.
Oats lower and very weak; No. cash, 20c
asked; September. 20@201sc asked; May, 2414c
asked: August. 1910 asked. Rye dull and
easy; No. 2 40Ac asked. Flaxseed-s1 Is bid
for spot, 81 26 for prompt shipment and 81 p
for August.
CINCINNATI-Flour quiet. Wheat quiet;
No. 2 red. 7S@79c; receipts. 2200o bushels; ship
ments, ll,0O0 bushels. Corn easier; No. 2
mixed, 3717@3Sc. Oats unsettled; No. mixed,
2514@26c. Rye dull; No. 2. ACC. Pork quiet
at sll 371x. Lard dull at IS 95. BuIkmeats
easier; short ribs, S. 20. Bacon steady; short
clear, So rs. Butter in fair demand. Sugar
steady. Eggs firm at lie. Cheese strong.
MILwAUKEE-F1our unchanged. Wheat dull;
cash Dominally at Tc; September, 76c. Corn
not quoted. Oats dull; No. white, 28c. Bar
ley quiet; No. September, 59z4c. Rye quiet;
No. i, 4315c Provisions easier. Pork, $40 80.
Lard. IS Is
ToLEDo-Cloverseed nominal; cash. 81 so.