Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-25
MARKETS BY WIRE.
A Slump and Rally In Wheat-Bears
Early In the Day Turn Bulls Before
the Ciose-Coru Excited and
Lower-Pork Feaf ureless.


ing on the natural reaction" theory and were
disposed to sell during the morning hours. The
opening was quite strong on all futures and Il
@Hc higher, the early strength being mainly
on reports of continued heavy rains in the
Southwest, where harvesting and shipping
operations are in progress. More bullish dis
patches were received by houses having foreign
! connections on the Russian and Hungarian
crop situation.
Reports to Crop Statistician Price from Us
points in Iowa, Dakota, Nebraska, Minnesota
and Wisconsin give percentages OF S6 in the
two latter States, SO In Nebraska and VI in
Iowa, with Dakota at o. The disposition on
the part Of the crowd to sell had depressing
effect toward noon, but during the last hour
the demand improved. Parties who had sold
early turned buyers. and the undertoue became
quite bullish. The December future shows an
advance. based on yesterdays Closing, OF &c.
July is nc higher, and September unchanged.
fair trade was reported in corn early in the
day, after which the pit became excited. The
feeling, on the whole. was weaker and lower
prices were established. The easier tone was
attributed mainly to a less urgent cash de-
mand. the inquiry for July having apparently
been satisfied, which had weakening influence
on the other futures. Offerings were more lib
eral and demand less urgent. The local crowd
were long and receivers were said to be rather
free sellers, supposed 10 be against corn pur-
chased in the country The market opened at
a time. but soon became easier, declining nc.
ruled quiet, and closing at ssQssc lower than
yesterday.
Oats were steadler early, but there were few
buying orders In the market, and during the
latter part of the day a weakness prevailed and
prices declined H@Lc.
The market for mess pork attracted little at
tention. The filling of few orders caused an
advance of 5@734c at the opening, but a weaker
feeling was soon developed and prices receded
l5@l712c. A slight advance was made toward
the Close and the market closed quiet
Trading was very light in the lard market
and the feeling was easy during the greater
portion of the day. Prices declined 5@71&c
and the market closed quiet
A fairly active business was reported in the
market for short rib sides. Early the demand
was active and the feeling was stronger &C
companied with an advance of 21zG5c At this
Improvement however, there was considerable
pressure to sell, and prices gradually receded
71aGlOc. Toward the close the feeling was
steadier and prices rallied slightly and closed
comparatively steady.
The leading futures ranged as follows:
WHEAT No. July, S2@sSGSlA@s2s4c;
August, 7szA@7SX97s1fG7S54 4@7s1zc; septem:
SG,1 6eg; 1SSo oas4G7S's@7S1sc; December, SlGSlA
CoRN-No. 2 August 8sh@ssA@ss1s 9ss1Sc;
September, September, 'S67s@ae74@S61sGs6Ac; October.
0oH@S6Bc;
eS2Ns22SSse; 6oteSsf Ss 22&sss9se i ss9semDel' 1l'
MESS PORK, per bbl.-Augnst sll l5@n l59
II 05@ll O5; Septenb ber. sli 25@ll 25@n 071z@
IL 10; October, $40 65@lO IS.
sep5em6efs So 25Ss ~: October, s. 500 Sces s.
SHORT RIBS. per 100 bs.-August. IS 6O@
s.; September. S. 674Q5 zoos 6O@5 6211;
October, S. 6211Q5 6214@5 5214@5 IS.
Cash quotaIIons were as follows: Flour quiet
and unchanged; No. spring wheat. S234c; No.
Sdo. nominal: No. red, S234c. No. 2 corn,
&c. So So Ssfsy Gass nHSns No N0 sys 1aSs s
Prime timothy seed, 81 4SaI 50. Mess pork. per
barrel. sll 05@ll 10. Lard, per 100 pounds. s. 90
Short ribs, sides qoossl, sS 6@@5 S. Drysalted
sides lboxed), S. S715G6 90. Sugars unchanged.
Receipts-F1our. 81 600 barrels; wheat, 81, 900
bushels: corn. 3s3 OO0 bushels; oats 49, 900 BUSH
Shipments-Flour, 1900 barrels; wheat 5000
bushels; corn. 299 900 bushels oats ll0 600 bush
els; rye. 1900 bushels; barley, none.
On the Produce Exchange to-day the butter
market was fairly active; fancy creamery. l511
Ql6l4c: fine, H@l413c finest dairies, ll1z@l2c;
fine, l0@ll15c. Eggs quiet at ll@ll1c.
NEW YoRK-Flour stronger and active for
home and export Cornmeal unchanged.
WheaFSpot weaker and active for export and
milling; options fairly active and irregular;
July &c lower, others LGHc higher, closing
weak; foreign houses buyers Rye steady.
less active and weak; light offerings; options
less active, 1S@IIc lower and weak Oats-Spot
fairly active and trmer; options steady and
Options opened steady at l5@25 points down,
closed quiet at l5@35 points down; ir.
regular cables, quiet; sales 81. 500 bags;
semSer. ' asoai44oe:' AOs!' ocsoSe1 of'O' 1850 ESQ
IA 40c; November. A35c: December. A25@
"a. 4Oc: January. 455c: March, 1425Gl4.40c;
NAY NAY; HS1GA.4qe; spot Rio quiet: fair cargoes,
firm. Molasses-Foreign dull and weak; New
Orleans quiet Rice slow and unchanged Cot
tonseed oil dull. TailQw steady. Rosin quiet
and steady. Turpentine firm. Eggs weak and
Irregular; western, 1901 receipts, 53l6pack-
ages. Pork steady; sales. 300 barrels. Cutmeats
strong; pickled hams, lls+c; picked shoulders,
ern steam, 81 60: city, SO 20; options-August
50 56 bid; September. So 65@6 g. closing at
90 IS bid; October. Sc 6496 06 closing at s6 IS
cember, S6 35; January, s. IS; February, S6 a.
closing at Sc Al: March, Sc AZ Butter-Cholce
steady; others weak; western dairy. l0@l21zc; do
creamery. 1l1l@l7c; do factory S0l215c Cheese
hrm and fairly active: western, 612@715c.
PHILADELPHIA-Flour- restricted
by light offerings and strong views of holders.
Wheat firm; receipts of new crop a little more
liberal: steamer No. red, in export elevator,
graded red, on track, 92c; No. 2 Pennsylvania
red, in Twentieth street elevator, Gle; No. 2
red, July. S79s711c; August, s5k@S554c; Sep
firm under light offerings and good inquiry for
both local and export trade: No. mixed, in
Twentieth street elevator, 45c: No. mixed.
44l64iSc; October. 4i1%iSc' 8atsSeaI1ots eess%9si;
shade firmer; No. white. 3S15634c: No.
white, in Twentieth street elevator, 45c; do, in
grain depot, 351zc: futures quiet hut firm; No. 2
white, july. 3414 G3413c: August 3l3z132c; Sep
tember 3O4@SI4c; October. 3l1z@Si11c. Eggs.
choice stock, steady and in fair demand; Penn
sylvania firsts, l4@l418c.
ST. DoUIs-Flour quiet but firm. Wheat
The rainy weather, with advances elsewhere
opened the market 1<@ssc higher. There was
relapse and rally, and the close was L@sSc
above Yesterday: No. red. cash, ne;
July, 76ssQ7714c, closing at TIC asked;
August. 75sS@761sc. closing at 75Ac;
September. 761z@77c, closing at 761Sc bid; De-
cember. 791a@So1sc. closing at 1g3z@797Sc
bid; May, Slssc. Corn dull and easy; No.2
3315c, closing at 333s@3S15c bid; December. .321Sc
Oats nominally firm; No. 2, cash, &c bid; July,
22S@23c bid, and none to be had; August, 2ic
bid; September, I16c bid; May. 251lc bid.
Rye-No. 2 43c.
CINCINNATI-Flour in moderate demand.
Wheat strong; No. red. So(lSlc; receipts.
l0,5eO bushels; shipments, $500 bushels. Corn
stronger; No. 2mixed, 3715@3Sc. Oats steady:
No. mixed, 261261Sc Rive quiet; No. q 470
meats and bacon steady and unchanged. But
ter easy Sugar steady. Eggs firmer. Cheese
in fair demand.
MLwAUKEE-F1our frmer. Wheat steady;
cash, SO75c; September, 7Sc. Corn dull: No. &
361Sc. Oats quiet; No. 2 white. 2SNosl%c
Rye firmer: No. ], 42szc. Barley easier; Sep
tember, 60c bid. Provisions easier Cheese ufi-
changed.
BALTIMoRE-Provisio dull. Butter nm
settled; Western packed. l2c; creamery 1870
l7c: Eggs l235c. Coffee nominal; Rio fair
at lsc
INDIANAPoLIs-wheat strong: No. 2 red
Gfrn M r,,sx