Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-13
MARKETS BY WIRE.
The Manipulation of July Wheat Upsets the
Market-Corn and Oats Featureless
Hog Products Moving Along


CHIcAGo-Trading in wheat was quite active
to-day and the feeling unsettled and nervous.
The course of prices was irregular, ruling
higher for the nearer deliveries-in fact, for all
futures except December, which was easy.
June fluctuated within 1c range and closed Nc
lower than yesterday. July opened ss@9ac
higher, advanced &c more sold off Nc, then
advanced sharply Kc receded 1c and closed
about &c higher than yesterday. August and
September were advanced &@9Sc and closed
about Ls@1zc higher.
A feature of the market was the comparative
weakness for December. This future ad-
vanced L@5c at the opening, and after that
sold of 15c, selling from 4 to 1c discount on
July prices, and closed &c higher than yester-
day.
The unsettled and nervous condition of the
market was due to rumors of possible mantpu-
lation for July. Some large traders have been
credited with having made large purchases, ana
these rumors have induced the short interest
to cover freely. As trading has centered pr1n-
cipally in July delivery, that future was the
most affected and thus accounted for the sharp
advance The short selling for July mad un-
doubtedly been very large.
Corn ruled quiet and inactive the greater
part of the session. fluctuations being limited
to HGlzc range, and trading was entirely OF
local character. The feeling was comparatively
firm.
Oats were slow. The bulk of transactions
were confined to local professionals, and prices
varied &c.
Trading was fairly active in the market for
mess pork, but the feeling was weak during the
great portion of the day. Prices declined lOQ
l215c on the whole range and the market closed
quiet
Rather light trade was reported in lard and
the feeling was weak. Prices declined 21z@5c,
and the market closed quiet
A moderate trade was reported in short rib
sides and the feeling was easy. Prices declined
715@l0c, and the market closed quiet.
WHEAT-No. 2 July, 7614@T976IS@ S@76Mc:
7S759e; SSSSRSs yesT ss5s5 .'s
CoRN-No. July. S41l lGS4ss@ @S4I $3.50; Au-
gust 3411@S434@S45s@54sI": September $3.50
6STs@So: 2 July, hG2 x g2aH@22He; Az, W
gust 221a@221ac: Sept. ., 234@22A@23s9
MISS Pork, per bbl. July, sl1 7O@Il ~
II 20; September, Sl1 S71S@ll S715@ll @@ll 50.
at 621S; August, So 7215@6 721S@6 7O@6 70;
Segsem6eE s. SG@6 Ss6 sSS6 ISS e &s re & s5os s
as S2I5@5 S21%; August. S. 9O@5 921a@5 s715@
S s71S: September. IS OO@6 OO@5 95@5 s5.
Cash quotations were as follows: Flour
7%z@791Sc: No. 3spring wheat, nominal; No.
red, ~ 461791Sc. No. 2 corn. $40. No. oats,
22z@22$$sc. No. rye, 3s15c. No. 2 barley,
nominal. Nolfaxseed. 81 54@l s. Prime tim
sIl 1256@ii S. Lard. per 100 ms, s6 5711@6 50:
Short ribs sides (loosel. IS S5@5 95. Dry salted
shoulders (boxedl, S l2HG5 % Short clear
Changed. chan Receipts = Flour, 5000 barrels;
wheat, 10000 bushels: corn. $50 600 BUSH
els; oats, us OO0 bushels; rye, 1900 bushels;
barley, 1000 bushels. Shipments-Flour. 5000
barrels: wheat, 10000 bushels; corn. 574 900 bush
els; oats 900 bushels; rye. SSOOO bushels; bar
ley. 5000 bushels
On the Produce Exchange to-day the butter
market was firm and unchanged. Eggs firm
at l2c.
NEW YoRK-Flour moderately active and
weak. Cornmeal steady and less active.
Wheat-Spot quiet and firmer; options opened
stronger through inquiry from Chicago to
cover contracts, became quiet and declined g
Rye steady; Western, 47@4SHc. Barley malt
steady and dull: Canada. 90e@Sl 05 for old and
new. Corn-Spot moderately active and
easier; options dull and steady. Oats-Spot
quiet and steady; options dull and unchanged.
Hay quiet and easy. Coffee-Options opened
barely steady 106l5 points down, and closed
sales, 5000 bags, including June. 16.10@l6 2Oc;
July, 1620@l6.30c; August, 1890 40c: Sep
tember, l645@l655c; October, l650@1660c; No
vember. 16.6O@l665c; December, l6.6O@l6.70c;
January, 1665@l6.S0c; February 1675@l6 Soc;
March, 1670<ll6 75c; April, 1675@16S0c spot Rio
dull and easy; fair cargoes, 1880 Sugar-Raw
wanted; offered sparingly, strong; fair refining,
1-l6c; centrifugals. 96o test, Sc; refined in de-
mand, firm; off A. s 5-16@S15c. Molasses-For-
eign firm; New Orleans quiet. Rice steady and
quiet. Cottonseed oil quiet. Tallow dull.
Resin steady and quiet Tarpe1tne easier niDf and
western, 1815@iIc; receipts. $3.50 packages.
Pork quiet; mess, sl3 25@l3 so; extra prime,
bellies l2Bs, average 61Sc; picked hams lls<c;
picked shoulders, SIC. Middes easier; short
clear. Sc 45. Lard easier and dull; sales, west
ern steam export part, &c 80, closing Sc s275;
81 0S; September. 81 09; October, 81 TO- Butter
steady, fair demand; western dairy, 9@lSc: do
creamery, l2@l712c; western factory, 715@l2c.
Cheese stronger and more active; western,
Tz@S1ac.
grades dull. Wheat-There were some pre-
tensions to strength in the early market; ad-
vices from outside points noted some advance,
and drouth complaints come in from the North
west that the weather was fine: cables dull;
there was no pressure to sell, and a slight inn
provement took place; later. however, there
was plenty for sale with outside markets going
red, cash, S314c; June. 7Sc, closing at 7Sc;
July, closing at 7l2sc bid; August 7l4@723sc,
closing at 7l7Sc bid; September: 72Y@7Sc,
closing at 725Sc; December, 755s076c closing
at 75115c asked. Corn-Better. with firm mar
ket most of the session, but the close was
easy: No. 2 mixed, cash, 3l1zc: June, Size,
asked; August, 521lc. closing at 325zc asked;
September, 3254GS21sc closing at 3224c asked
Oats steady: No. cash, 223zc bid: June, 225Sc
bid: July, &c DID: August, Zlc DID. Rye-NO.
3S15c bid. Provisions dull and weak.
RE-Wheat-Western firm; No. 2
winter red, SPOT and June, Sl3ze: July, 1870
SOC: August, 79h@79szc. Corn-Western firm;
mixed, spot and June. 4l14@4lAc; July, 4l5kc;
August 42c; September, 42113c: steamer, 3915c.
Oats-prime white firm: Western white a16
33c; do. mixed, 29@291&c. Rye unsettled; 54c
Provisions unchanged. Butter quiet; Western
packed. l1@13c; creamery, 16@l7c. Eggs slow;
1414G15 Coffee steady; Rio fair, 115Gisssc.
PHILADELPHA-Flou quiet and weak.
Wheat-Spot quiet, but steady; futures ne
elected and nominal. Corn-Options1<c lower;
car lots steady. Oats-Spot steady, but de-
mand light; futures quiet, but steady Butter
dull and irregular; Pennsylvania creamery, ex-
ira, l715c; do prints, extra, l9c. Eggs steady;
Pennsylvania, l5hc.
CINCINNATI-Flour quiet. Wheat in fair de-
mand; No. red, S4ci receipts, 800 bushels;
shipments. LOCO bushels Corn strong; No
mixed, 35Q3519c. Oats quiet and firm at 26c
Rye quiet, neglected; No. 2, 45c. Pork quiet
at SD l21%. Lard weak at So 40 Bulkmeats
and bacon easier. Butter quiet Sugar firm,
Eggs quiet. Cheese easier.
MILWAUKEE - Flour unchanged Wheat
steady; cash, 7S1zc; July, 1916; September ?35Sc
Corn firm; No. 3, 34c Oats firm: No.. 2 white
2773@2Sc. Rye steady; No. !, 4lAc. Barley
steady; No. 2 5lc. Provisions unchanged.
ToLEDo-Clover seed nominal; cash, S425