Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-03
MARKETS BY WIRE.
No Visible Supply Statement Because OF
Labor Day-A Buliish Circumstance
Not n Boom in the Advance of
Wheat-TradiuE Lively.

of similar coloring. For instances
Lake engagements for 345,OOO bushels are re-
| ported here to-day, of which 5000 busneis IN
| one lot goes direct to the other side. Dunh'
| Irwin. Baker and others were buying wheat ior
the last three o. four days of last week, ana tne
bulk of to-days engagements represent TINS
| business. 1t is said that the purchases IoI
/ shipment aggregate at least 100000 bushels, ana
! if these figures are correct, considerable line
| yet remains to be moved. A majority OF caples
! we're rather better in tone, and stronger 1eel-
! ing seems to prevail in most OF tne Ioreign
markets. This is shown less ID advancing
quotations than IN the evident deslre 70
pick up cheap wheat wherever 1t can pc Iouno.
| The local feature mostly discussed was the
heavy and continuous selling OF wheat Dy
| Hutchinson. There was excellent general puy-
| ing all day, but toward the last pressure tnaS
| never ceased caused the market to yield, and
| much of the days improvement was IoSt.
| Trading was lively, but not extraordinarily
| large in volume. The buying certainly was not
concentrated. There was merely rattilng
fire with small arms that continued througnout
! the day. the big ones only taking occasional
| interest The enlarged trade IN corn, pro-
visions and oats kept the wheat pit from being
December wheat opened at 7S7sc and did not
| sell off any. The advance that followed was
| not in the nature of boom. The price crept
| up sc in the course of an hour or so, with the
| frequent reaction and rallies that make rapid
market. The top was reached at 1876. but the
price did not get great ways from 195s@I913c
for long time. Shortly before l o'clock 1t
broke to 79c, rallied and closed at 791s@7914
September wheat opened at TIC, reached 1880
high and 7S1sc low, closing at the inside. May
started in at S3c, sold up to oSsc, down to SS4c,
up to S315c, down to SIC. and closed at S31sc. A
liberal speculative business was transacted and
the local temper of the market was publish"
In addition to the free purchases by local par
count of New York parties and for the north
west. Early cables, both public and private,
were favorable for holders. The reports on
stocks showed decrease for the week at most
points. Minneapolis leading with decrease OF
100000 bushels. Chicago elevator stocks are
now ,94S 905 bushels against 3.6l0.329 year
ago, there having been an increase during past
week of 4. 900 bushels. With New York and
the lakes and canal to hear from the crowd
here were figuring on decrease in the visible
supply of from 200,0 900 to 100000. This was the
leading ''bulr' card to-day, as 'the memory OF
man runneth not back TO time when visible
supplies have shown decrease at this season
of the year The next important feature In
favor of holders was the very excellent demand
for round lots of wheat here Tor Shipment.
Sales aggregated ever 100000. Futures, after
strong opening. sold up to point AGH above
Saturdays closing range, May showing rela-
lively the greatest strength. During the last
hour of the session market gradually weakened
under the general and free realizing by
longs" and all the early improvement in Sep
tember and October was lost. There was net
gain of 4 in December, H in year and about
u in May.
Coma fair degree of speculative activity
was manifested in this market early in the day,
and the feeling developed was tirmer, after
which the feeling became more quiet and
easier. The better tone was attributed largely
to lower temperature in the West, Indlcatlons
being for rain followed by colder weather.
The market opened shade above the closing
prices of SATURDAY, and was ffm and gradually
advanced &c, ruled easy and closed shade
higher than Saturday. Oats were steadier: the
near futures were the strongest and prices
were bid up Zc by shorts covering; the other
futures sympathized to limited extent, as oI-
ferngs were not large.
Quite an active trade was reported In the
market for mess pork, and the feeling was con-
siderably unsettled; prices fuctuated wluely;
the market opened rather weak and quickly
declined 20@2213c on near and SC on deferred
deliveries, with considerable realizing by par
ties who had the property delivered to them.
Later shorts purchased rather freely and prices
rallied 40@50c. During the latter part OF the
session the feeling was easier and the market
closed steady at medium figures.
ONLY moderate trade was reported In the
lard market At the opening the feeling was
easier and prices ruled lower. Later the de.
mand was stronger and prices advanced SC and
the market closed steady.
Trading was moderately active in the market
for short rib sides. Early the market was weak
and prices declined 5Gl0c. Later the feeling
was steadieT and the greater portion of the de-
cline was recovered.
The leading futures ranged as follows.
WHEAT-No. 2 October. 7Sl4@TS3s@T5s@
775sc: December, 7S5s@795s@5s54@791sc: year.
CoRNsNo. Z October. Ss5SaS35s sgS51SG
Q331ac; November. S35s@Ss4 @33Ss s93SSSc; De-
cember. $SEgSS5s 5s@$SsSGsSs9c:
OATs-No. 2, October, l93s@191& &@l9ss@l91%c;
December, 2G4@2CHc; May, 22is@25@22G@
MEss PORK, per bbl-october, $40 2O@lO 50
971&Ql0 S21$; year. 50 0OG9 0OGS 9O@9 90; JAM
uary, 50 25Q9 25@9 1899 l5 -
LARD. per 100 ns:-October. Sc 05@6 071SQ
6 05@6 0713: November. IS S5@5 S715@5 S5Q
S71a; january. s. S7??9@5 S71a@5 s2114@5 IS.
SHORT RIBS. per 100 bs.-October, S. 05@
0lza9S O27a05 O115; January, 81 671z@4 6775@
Cash quotauons were as follows: Flour
quiet and unchanged No: spring wheat, 775sc:
No. 2 corn. SSssc. No. oats. IgISc 20
rye, 42c. No. , barley. 66c. No. faxseed
81 26 Prime timothy seed, 81 3O@l g. Mess
pork, per bbl $40 20Gl0 25. Lard. per loo
pounds, Sc l213@6 Is. Short RIB sides uoose),
50 OO95 %. Dry salted shoulders (boxed),
81 621994 10. Short clear sIGes (boxed), IS 256
Y. Receipts-Flour Is, 600 barrels; wheat, s.
600 bushels; corn, $4,000 bushels; oats, 279,OOO
bushels; rye, 5000 bushels barley IA 600 bushels
Shipments-Flour, l2O00 barrels; wheat l42-
900 bushels; corn. 97s,O0O bushels; oats, 292 600
bushels; rye, 1000 bushels; barley 600 bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs at l4@l5c.
ST. LoUIs-Flour quiet but steady. Wheat
Cash higher and firm: options in the early market
was easy with &c decline on rains in winter
wheat section and liberal receipts, but firm
cables and estimates placing the visible supply
at a decrease, turned prices upward, and with
reactions at all points, there was an advance of
%@5sc. Afterward the tone became weaker
and prices settled down, closing &c above
Saturday. No. red, cash, 1870; September
151sG765zc, closing at 75lzc; December, 777s@
7S55Ec. closing at 7o1lc; May s25s@S3LSc, closing
at S25sc Corn irregular and unsettled; No.
2 mixed, cash, 291s9301sc; September, 2a5S@
3O1sc, closing at 3O1sc asked; October, 3Os4@
307sc, closing at 3034c asked; December, 3015@
54c, closing at 3o5sc; year, 29sc, closing at 30c
bid: May. 323z z@3Z5sc, closing at 3234c Oats
better; No. cash, lSc; September, lS15c; May,
2234c. Rye-Improved inquiry and better
market with sales: No. 2 at 3S11Sc Hay market
timothy, SO 5O@12 90. Bran dull. Flaxseed
lower at 81 "a. Butter unchanged: creamery,
l56I7c; dairy l26l4c. Eggs steady at I3c
Cornmeal at 81 65Ql 20. Provisions unsettled.
Pork. $40 6211$@Il 121% Lard nominally lower
at IS 6212. Dry salt meats, shoulders, 81 6215;
boxed shoulders, S. 10; longs and ribs, Sc 050
6 10: short clear, Sc 20@6 25. Receipts--FIour.
g. 600 barrels: wheat I7o 600 bushels; corn. l03-
C0O bushels: oats $4,000 bushels: rye, 5000.
1900 barrels; wheat, q. 600
bushels; corn. 200 bushels; oats, % 100 BUSH
els; rye. 200 bushels.
CINCINNATI-Flour in moderate demand; |
family, So 1908 80; fancy, So 1908 90. Wheat |
firm; No. red, 76c; receipts, $500 bushels ship
ments, 1900 bushels Corn steady and in fair |
demand: No. 2 mixed. 341lc. Oats dull and |
easier; No. mixed, dc. Rye neglected: No. 2 |
i2c. Pork quiet at SIC 10. Lard firm at S. l2150 |
%. Bulkmeats firm: short ribs, S5 25 Bacon |
irmer; short clear, S6 %. Butter quiet; fancy |
creamery. 2O@2lc; choice dairy, 1l@l2c. Lin !
iced oil steady at 5S@6Oc Sugar firm at SO |
NC.