Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-23
MARKETS BY WIRE.
A Fair Speculative Movement In Wheat
and Prices Slightly Stronger
Pork Rather More Active

A Fair Speculative Movement In Wheat
and Prices Slightly Stronger
Pork Rather More Active
bur weaker.
CHIcAGo-Wheat-Spe trading to
day reached very fair proportions, and a strong
feeling was developed in the market Outside
news was all more or less of a bullish tenor and
assisted the buoyancy of the market There
was fair buying on long account but the de-
mand was supposed to come mainly from
shorts, who were forced to cover, not liking the
change which has come over the market the
last few days. A prominent New York trader
was reported as covering large line through
Chicago house, and another firm was credited
with buying very freely on long account.
The market opened at about the closing fig
ures of yesterday to &c better. ruled firm and
prices gradually advanced Tc, then receded
&c again advanced to full outside figures,
ruled firm. and closed about lc higher than yes
terday. Operators were of the impression that
there was considerable realizing at the advance
by parties who had bought previous to the
recent advance. StiIl the market held up well
and the closing was apparently quite strong.
Cable advIces were. on the whole, not quite
so encouraging to holders as yesterday. Esti-
mates on the visible supply vary from prob
able decrease to a slight increase.
| Coma fair trade was transacted within
narrow range and the feeling developed was
wheat Transactions were in the main local,
principally in January May and July. The
market opened at about closing prices of yes
terday. was easy at first, but soon became
stronger, advancing H42sc; ruled easier and
closed shade higher than yesterday
Oats-There was more disposition to sell the
futures. The business transacted was only mod
crate but weaker feeling existed and prices
Mess Pork-Rather more was doing ana the
market was weaker. Prices ruled 10ql212c
lower early in the day, but rallied 21z@5c and
closed comparatively steady.
Lard-Only fair trade was reported. Prices
ruled about 2xc lower and closed steady.
Short Rib sldes-More was doing and the
market was weaker. Prices ruled fully SC
lower early. but closed with more steadineSs.
The leading futures ranged as follows:
WHEAT-No 2 December. 775zQ7S5sGT34@
5S5sc; January 7Sg79@7S@7sc; May, S25l9
GoRN-No. 2 December. sS0SS%cGS8@83:
OBSERVATION-DISCLOSURES May, ,S45z@a21s0S2A
oATs-No 2 December, sO1c; January. 9ON
@2O4@9Oss@2O5z; May. 22sl@225 5@225S@225Sc
MESS PORK, per bbL-January. SO 2049 zoo
9 l216as l715: February 50 SO@9 S21z@9 SO9s 80;
May. SO 621&@9 65Q9 571<@9 IS.
LARD, per 100 bs.-JanuaryS5 S71<@5 cog
5 s711Q5 S7]5: March S. 95G5 S7S95 S5G5 IS;
May, $6 0776e76 O71I@6 05@6 05.
SHORT RIBS, per 100 bs.-January. 81 72H
al 725zS4 Is; May. u s5s4 s59ii s0a4 83S.
Cash quotations were as follows: Flour steady
and unchanged. No. spring wheat 7S5sc;
No. No. apr0g ooEn ~hss sss So oasS MS 2Es9 c %
Frye. 45Hc. No.2 barley, 5S9eOc. No aaxseed.
81 S51s. Prime timothy seed. 81 q Mess
pork, per Dbl, SS 6219@9 % Lard; per 100 lbs.
salted shoulders (boxed), 81 l21S. Short
clear sides (boxed). S. OO@5 O5. Sugars
steady. Receipts = Flour. 1900 barrels:
oats. LOG 900 bushels; rye 1900 bushels: barley
5000 bushels. Shipments-Flour 1900 bar
rels; wheat 10000 bushels; corn. $4,000 BUSH
els; oats ll20OO bushels; rye. 1000 bushelsi
barley, 1900 bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs, 2O@2lc.
NEW YoRK-Flour fair business and steady.
Cornmeal dull and steady; yellow Western, 81 Is
az 20. Wheat-Spot moderately active cnlefy
export and frmer; options dull at ss9zc up,
and firm. Rye quiet; Western, 60962c; Canada,
60Q62c. Barley dull; Western 5046Sc. Canada,
59g1Sc. Barley malt quiet: Canada, 771Sc.
Corn weaker and fairly active; options active
and unchanged TO 1sc lower and firm. Oats
Spot dull and easy; options firm and quiet.
Hay steady and quiet; shipping 45G5Oc. Coffee
Options opened steady and unchanged to 10
points down, closed barely steady and un-
changed TO 10 points down; sales, 1900 bags,
includlng December, l5700l5.S0c; February
Is. S5c: March. 1886; April. 1595@l6OOc; MAY,
l625c; October, l6lO@l625c; spot rio dull
and fair cargoes, l93sc; No. z, 171Sc.
Sugar-Raw- dull and nominal; refined dull.
faiflY active; open kettle and fancy. 4636@47c.
Rlce quiet, steady; domestic, 415Q61sc; Japan,
51s@5Ac. Cottonseed oil quiet; crude, &c;
yellow. SSc. Tallow quiet; city. lpackages $2).
SO6 packages. Pork quiet: mess, inspection,
$40 5OGlO So; do uninspected. $40 25@l0 50;
extra extra prime, 50 5o@s g Cut. meats, tirm;
shoulders, &c; picked hang S5z@s3zc:
middlss dull. short clear IS IS. Lard sJeady, |
quiet; January, sS 20; February, s. 2s; March,
Nav rln GrTff rr.rfa
weak; Elgin, 2S%@29c; Western dairy, Ice;
Western creamery, 14927c; do held iO6l7c;
do factory 7GlOc. Cheese dull, easy; Western.
SQ10c.
Observation-Disclosures of wheat for the |
past "a hours were 2l7 cars and shipments I6 |
In the face of the strength in future samples |
dragged along slowly to some extent, and SELL |
ers were troubled to maintain old prices. After |
the early selections had been made at pretty |
full figures, there were some offerings Of No. 1 |
Northern that was hardly gilt-edged, consider |
ably under the range of early sales. Millers |
bought most of them for current use only, |
though some had confidence in the market |
Closing prices: No hard, December and JAN |
uary, 79e; on track, January, DC; May, s41<c; |
January, &c; May, SIC: on track, 7Sc; No. 2
Northern, December and January, 73c; May,
lSc; on track, 73Q76c.
ST. LoUIs-Flour quiet and steady. Wheat
higher: the opening was somewhat easier, but
a sharp demand on advices from outside mar
kets caused a strong close at &c above yester-
day; No. red, cash, 7S1sc bid; December, 7S1<c,
closed at 76l5c bid; year. 7S1sc. closed at 7s5lc
bid; May. Sz5ze; closed at S234c; July, 77?<@7Sc,
Closed at 7s15e bid; Corn easy, No. 2
:losed at 261zc bid; January 26s4c; February.
,@21S@2714e, closed at 271sc asked; March,
,71<c. closed at 275Ec asked: May, 296
'9115c. Oats lower with free selling, No. 2
ash, 1870; May, 221s@22zc Rye AG42c.
Barley, dull and neglected. Provisions quiet
md essentially unchanged. Flaxseed safable
It 81 80.
MnwAUKEE-Flour dull and steady. Wheat
irm; No. 2 spring on track, cash, 74075c;
Nay, 75kc: No. Northern, SAC. Corn quiet:
No. 3, on track, 29@291<c Oats slow; No 2 on
rack, 227z@2Sc. Rye easier; No. L. in store,
SIC. Barley dull; No. 2, in store, 301zc. Pro-
-isions quiet. Pork. So I71<. Lard firm Cheese
teady; cheddars, 96917c.
BALTMoRE--Provisions quiet. Butter steady;
Western packed, 14@19c; best roll, I70ISc;
23@26c. Eggs quiet at 22@23c. Cot
ZEE firm; Rio fair at 195z@20c.
ToLEDo-Cloverseed active and steady; cash.
December and January, IS so; February SS SIX;
darch, So 5711.