Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-24
MARKETS BY WIRE.
Considerable Activity In the Wheat Pit, bus
Prices Lack Staying Qualities-Cabies
Unfavorable to HoIders-Lougs
GnIood md Shnpfs Cover.

CHICAGo-Wheat was more active to-day,
but it was at weak and somewhat lower prices.
While the market appeared to be inclined to
broaden little it was also predisposed to bear
ishness from the very opening, and the tendency
of speculative values was downward through
out the session. Bear news predominared, and
the weather everywhere was again of char
acter to encourage short selling Gables. ootn
public and private, were unfavorable for hold
ers. In the Northwest the movement out Oh
farmers hands continues disappointingiy ngnr
but this circumstance does not appear 70
weaken the confidence of the shorts as yer
since the crop is secured and will have to move
sooner or later.
There was quite large and general liquida-
tion to-day, longs unloading ana shorts cover
ing. One prominent local operator was
steady and large buyer all day and MS pur-
chases checked the decline more than once
when December got down to 7115c. but the
mari rket finally got away from him. ana during
the last hour settled to TIC. The close was
steady at 77ssc for December, or Ac under yes
terday's latest bids. Cash, August and oe,
ferIed futures were correspondlngly lower, and
trading in cash was only moderately active az
the December line.
A large speculative business was transacted
in corn early to-day, and the feeling was weak
and prices lower. Later in the session Ine
market became quite steady on decline. Inc
influences on the market were the same as
noted for several days past, namely, the large
movement in this direction and favorable
weather. The volume of business was qulte
heavy. Longs were selling and shorts covering.
There was considerable pressure to sell. May
offerings being very heavy, and prices reacneo
the lowest point SO far or the new crop. p2,
mestic markets were of 11@11c and cables dull
and weak. To-day's arrivals were about as
anticipated, and estimates for the market snow
considerable increase. being placed at LVVV
cars. Cash property met with fair demand,
with liberal offerings, and prices averaged
2Q34c lower than yesterday.
Trading in oats was more free. The near de-
liveries remained more steady, as Teceipts
were lighter than expected, being go cars:
Shorts were disposed to cover, and absorbed
the offerings with sufficient rapidity to support
prices for August and September: May was
offered freely and prices declined &c. Ihere
was considerable changing of contracts from
September to May, and some selling OF May
and buying of september.
In hog products quite an active speculative
trade was reported. Offerings were LIBERAL de-
mand only fair, and the feeling unsettled and
weak. Receipts of hogs were quite large and
prices declined decidedly. Trading was largely
in contracts for short account and January de-
livery. At the declining scale purchases were
fair, but not sufficient to improve prices to any
great extent. Pork went l711@1Oc lower. lard
The leading futures ranged as follows:
VIBRATING August. 771z@7H@U@7c;
September. 77@T@761z@ z@763sc: December: TN
sC5fsss C9SsmNS August. May $seSssSssS
September, S414@341z@ @34f f@S4lc; December.
S4@34@331f f@s615c; May, ,s6GS6 S6@S5ss@S5Mc.
te9Sss G1ssSS aSSxSs%soc ASs9s 6ess%SeS a ssR
@2oA@2oAc; May, 251&@2s4@ s4@2sH@2S1zc. -oa
MESS PORK per bbl-SepteT ber " 790
97O@s.4715@S 50; October ;se s0gS eo@s 4o@e So;
LARD, per 100 Ds.-September. Sc 02x@6 OK
9O95 so: October, ls5 921fQ5 921z@5 90Q5 9211;
year, So 7@5 711Q5 75@5 75.
SHORT RIBS. per loo bs.-September, "a 80
"a sO@4 571%@4 NJ; October, 81 971<@4 9714Q
721s@4 721z; January. 81 671sG4 6714G4 S71s@
Cash quOtauons were as follows; Flour
dull and unchanged. No. 2 spring wheat, 76A
Q77c; No. spring wheat nominal: No. 2
red, 7634@77c. No. corn. 341sc. No. oats,
2oc. No; 2 rye; 43c. No. barley, Sc No: l
Mess pork, per bbl. 50 50. Lard. per 100 pounds.
IS 95. Short RIB sides Qoose), "a rs. Dry
salted shoulders tboxedl. q 621594 76 Short
clear sSss Se0sea IS Egg "a ,ssSaasd
SIC Receipts-Fiour, 5000 barrels; wheat,
$4,000 bushels; corn. ~. 900 bushels; oats,
Sla GOO bushels; rye. 10000 bushels; 30 barley,
rels; wheat. 5000 bushels; corn. 5000 bush
els; oats. 2l5OOo bushels; rye, $1,000 bushels;
barley, 1000 bushels.
On the Produce Exchange to-day the butter
market was dull; creamery, lQlsc: dairy, VI
@l5c. Eggs shade easier; fresh, l4Gl5c.
NEW YoRK-Flour more active and weak;
demand partly for city mills for West Indies.
and h@2zc lower; options duh, 2sa5Sc lower
and weak. Rye quiet; Western, 5295Se. Barley
malt quiet. Corn-Spot fairly active. Zc lower
and and weak options more enact active gc owsa
options fairly active and weaker. Hay-De-
mand firm: shipping, 65G70c; good to choice, Sc
gSl @; Cofieeaoptions opened n barely ste steady ~
10 points up: sales, 26. $50 bags, including Sep
tember. l495@l5o5 October, 1d00c; December,
as NAV RiO quiet
and firm; fair cargoes, lS14c. Sugar-Raw
firm and quiet; fair refining, &c: centrifugals
s9 test, 674e; refined fairly active and firm
Rice steady and in fair demand. Cottonseed
oil quiet. Tallow strong. Rosin quiet and
steady. Turpentine dull at A94415c. Eggs
easy and quiet: western, r@lSc; receipts 3l6S
packages. Pork lower; mess Inspected, Sll 00@
II SO; mess uninspected, sl1 rs; extra prime,
$40 00@l0 So Cutmeats quiet; picked bellies,
picked G hams, IS ios@7ic.. MiddIes % weak; short or
clear, IS g. Lard much depressed, few buyers
and general desire to sell; sales western steam,
Sc closing at = &c - IS; M sales sePtemser1 as g T9 q
closing at 81 %; November. s. l9 bid; Decem-
ber. IS IS asked; January. s6 l7@6 Is, closing
at s6 Is asked; February, 90 8 ButteroCh0ice
do creamery 1l@lSo; do factory, l0@l4c.
Cheese lower; western, 6@7c
PHILADELPHIA-Flourd dull and prices ruled
in buyers favor. Wheat-0ptions beyond this
red ruled steady under fair inquiry to fill
freights; choice ungraded, in grain depots, Soc;
No. red, in export elevator, S3c: No. 2 red,
August S2szc bid: September, 82l4@8215c; Octo-
ber. SS@SSHc; November, s31@S41sc. Corn
weak and futures declined A@19c; carlots quiet
but steady; No. high mixed, in Twentieth
street elevator, 44c; No. mixed, August, ~
@421%c: September. 4215Q43c; OctotQber, 439
4311c; November, 43xGp44c. Oats-Carlots gen.
orally 1zc higher with fair demand from local
jobbers; No. mixed, 23c; No. mixed, A1fc:
No. 8 white, 26c; No. 2 white, 29]fc old No.
white on track soc; futures quiet and shade
easier; No. white, August. 2S1@29c; Septem-
Der. 2s54G291<c: October. 291z@91zc; Novem-
ber 3068012c. Provisions steady; demand very
moderate. Butter sluggish and weak; Pennsyl-
vania creamery extra, 1Sc; do prints extra 15@
25c Eggs firm and in fair demand; Pennsyl-
vania firsts. l9c.
ST. LoUIs-Flour quiet but steady. Wheat
than for several days past, and this reawakened
speculation, though it was confined mainly to
local traders; dull cables and lack of buyers
were among the depressing influences; the
close was 3E@15c below yesterday; No. red,
cash, 741lc;. August 741Sc; September, Hss9
closed at 76s6c May. Bis s@Sl1zc, closed at size
Corn lower and dull; No. mixed, cash, 70
@32lsc; August. 321sc, closed at 321zc bid; Sep
tember, 3l3z@32c, closed at 3l5sc bid; October,
3lH032c. closed at 81 1zc; December, 3014@31c,
closed 305sc bid; year, 3ossG30 3-5c, closed at
3O5sc; May. 321sc bid. Oats-Cash higher; near
by options firm; No. cash, 1870; August and
tober. zoe asked Rye dull. Provisions dull
and lower.
CINCINNATI-Flour dull. Wheat dull and
lower; No. red, 7S16c; receipts, 100 bushels;
shipments, $500 bushels. Corn dull and
weaker; No. mixed, SIC. Oats easy; No. 2
mixed, 2O@2O1lc. Rye firmer; No. 2 le.
Pork easier at $40 50. Lard lower at IS so.
R.all- ofa nd 81 ri h