Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-01-14
MARKETS BY TELEGRAPH.
Wheat Breaks Under q Flood Of Selling
Orders-Corn and Oats Stendy-Pork
Unsettled and Prices Irregular-Lnrd
Tumbles and Rallies - Short Ribs
Neglected.

Orders-Corn and Oats Stendy-Pork
Unsettled and Prices Irregular-Lnrd
Tumbles and Rallies - Short Ribs
Neglected.
CHICAGo-The wheat market was heavy and
the feeling at the same time unsettled within
lower range of prices The weakness developed
yesterday, and the uncertainty IN regard to the
final Government report created uneasiness
among traders, especially the weaker longs"
and when the rush was made to sell there was
Generalization for the time being. The open
ing was stronger than yesterdays closing, and
prices from the start were Nc to &c higher,
caused by some shorts covering, hut the specu-
lative offerings increased and prices settled
book &c, and fiuctuated for while within
small range, but suddenly the speculative
offerings became heavy, supposed to be due to
the receipt of the Government report, and
when prices reached below 81 OF for May stop
limit loss orders were reached, and under
food of selling orders prices declined to point
21ac below the top price reached early in the
morning. Although the Government report
was not as large as expected, it had its effect
on the already weak market which existed.
There was recovery Of ne later, influenced
by covering of 'shorts," but again ruled easier,
and the closing was &c lower than yesterday.
Very little interest was shown in corn. The
market opened about yesterdays closing
figures, changed but little, operators who
usually trade in this cereal giving wheat their
attention, and at the close prices were about
the same as the final figures yesterday
There was only moderate interest in oats, and
quiet and easy feeling prevailed in the near
futures, but the more distant ones were steady.
A fairly active trade was reported in mess
pork and the feeling was somewhat unsettled
and prices irregular. Opening sales were made
at l0c decline and a further reduction of l0c
was submitted to. About the middle of the
session a stronger feeling was developed and
prices rallied l219gl5c, closing steady.
Trading was moderately active in lard.
receded 75T@loc; later more steadiness pre-
vailed and prices rallied slightly, closing COM
paratively steady
= Only light business was reported in short
ribs and the feeling was easier
Prices ruled 5D71ac lower and the market
closed steady at outside figures.
The leading futures ranged as follows:
WHEAT-No. January, s6c; February, 99A
@99A A@97@97c; May, 81 0SA@1 O3ss@l OO1a@
eSss@Es esS July sess4g e: March. s5es5e;
oXTsNSo. z JanuaTy, 8jlc; May, zA@2A@
.IEss PoRk, per DOl.-January, sls 2o@ls s0s
Is qS May So Sis Sss MaTsn ss IS 5fs sals g. 9S S9
7 S711l5; May, 81 5O@7 524@7 4597 M.
SHORT RIBS, per 100 Bs-January. S6 S5@
S115S; March, ,S6 95, May 81 O5G7 1907 O5@
Cash quorauons were as follows: Flour,
steady and unchanged. No. 2 spring wheat,
951z z@s6c; No. spring wheat. SIC; No. 2red,
No. 2 corn. 33311S@SS1sc. No. 2 oats,
No. 2 rye. 4Sc. No. Charley. NOM
inal; No. | flaxseed. 81 62h Prime timothy
Lard, per loo lbs. 81 80. Short ribs sides toosel.
s6 80. Dry salted shoulders (boxed). s6 S73@ |
s 80. Short clear sides (boxed), 81 25@7 371135. |
Receipts-Flour, 1000 barrels; wheat, 1900 |
bushels; corn. $1,000 bushels: oats. IS OCo bush
els: rye, 4,oo0 bushels: barley 5000 bushels,
bushels; corn. 9S 600 bushels: oats 1900 bushels;
rye. 5000 bushels; barley, 1900 bushels.
On the Produce Exchange to-day the butter |
market was better; extra creamery. 26@269c; |
extra frsts. 2l@23c; fancy dairy. 2l14@23c; extra
firsts l6@lsc. Eggs better at l6%@lSc.
NEW YoRK-Flour - Receipts. S,49l pack |
ages; exports, 6,S55 barrels. 700 sacks: mar
sales. II, 800 barrels: low extras, 50 2o@3 70; |
winter wheat, lower grades, s. 2063 70; fair to
fancy So 7505 65; patents, S. 1906 90; Mime
sofa clear, 81 S5@5 S5; do straight 81 90@6 40;
DO patents, IS 6O@7 90. CornmeaI steady.
sales, 564OOO0 bushels futures. 800 bushels spot:
spot market dull and nominally lc lower; No. |
, red, 99@991ac. elevator; 81 0l@l OH afoat; |
D9334cGSl Ol19 t. o. b.; No. 8 red. 9SHG934c; |
nngraded red. Sac; No. red, 81 o.; No. white.
free selling by foreign houses; prices broke 11s |
0l1lc, closed at 1890 under yesterday and /
heavy; No. 2 red. January, 9S@99Ic, closing at
9S14c; February s93c@sl 0O53ss closing at 9934c;
March, 81 ooNSl G2 closing at 81 OlA; May,
04ss, closing at 81 0314; July, 99lc@S1 OO1l,
closing at 9915c; December. 9S1S@9S7sc, closing
at 9S1ac. Rye dull and heavy; Western, 55@59c
Barley dull; Nc. Canada, ,SS@S9c; No.2 do S5@S6c.
Barley malt steady; Canada, 9Oc@sl 15.. old
and new. Corn-Receipts. 2l600O bushels;
exports. los. 462 bushels; sales. I2S.OO0 bushels
futures. 1lS:QOO bushels spot;spot market steady
steamer mixed, 4l@4234c; options dull and
EsSri EeSraafS; iiieaSs Closing HSSns At ~; @
oafs@Reeepts S $500 b2sfes; e9ports So
bushels; sales, 5000 bushels futures, $1,000
bushels spot: spot market quiet and easier;
options dull. lower and weak; January, ,3lc; Feb
ruary SlEe; May 32ha@S25sc, closing at S25sc;
2S@S2c: white do, S3@46c; No. Chicago.
32c. Hay weak on choice: shipping, Csc; good
to choice. S5@95c. Hops quiet and steady. Cof-
opened steady and 5@2Opoints up;
ing dull: sales, q, $50 bags. including January,
I515@l525c; March, l5@15.l5c; April, 1860
Is. 1Oc: Nav l5.05@l5.2Oc: June. 15.15@l52O zoe;
,ember. l5.35c; October, 154O9l5 45c: Novem-
Der, 15.55c; December, l5.509 10. 55c. Spot Rio
quiet; fair cargoes, 17c. Sugar-Raw quiet;re-
dned quiet Molasses1Eoreign n,Ia nominal: 50
to choice, 35@43c. Rice firm and quiet:
domestic, 42@63sc; Japan, ,4M@5kc. Eggs low
sr and quiet; western, l9c; receipts. 967 pack,
ages Pork .1nt Guiet Cutmeats steady: Lard
81 80: January. 81 20; February, 81 so; March,
n 67@7 go. closing 81 20 asked; April 81 49,
Nav, 81 1907 %. closing at ST rs asked; June,
y 77@7 76. closing at 81 rs asked July, 81 "a.
Butter weak and in moderate demand: western
iairy, 1I@2lc; do creamery, l7@27c: Elgin, 2S
129c. Cheese firm and moderate inquiry;
western, 11@llLc.
ST. LoUIs-Flour was unchanged. Wheat
opened weak and later became almost demor-
aiized by reason of the Government report
placing last years crop so high; the offerings
we're very heavy and prices broke rapidly. clos
SIC: January, 9415c: May 9S1lc@sI coz, closing
1t $3.50: June, 9534@Y6c, closing at 9554c asked;
July, S7@SS1ac. closing at S71lc asked. Corn
horts: No. 2 cash, 2914@2g24c; January. 2914@
93sc, closing at 293sc; February, 295s@295sc,
closing az 2s2sc; March. Sic; May. 323s@S3c,
losing at S254c, Gets firm, but slow; No. cash,
3arley-No demand. Iron cotton ties, 81 2O0
25. Provisions very quiet, with only small
OTIS at previous prices
PHILADELPHIA - Flour - Quiet. Wheat
iull and lower. Sales-No 2 red, in export
elevator, 95Ac; No. 2 red, January, 9514c; Feb
uary. 95995Ac; March, 96A@9714c: April, 9SA
1991lc; May, 81 00@l Of. Corn-Spot and fur-
Ire deliveries of No. 2 and steamer in export
elevator were quiet and barely steady, shippers