Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-24
MARKETS BY WIRE.
Firmsr Feeling in Wheat. With Good
Trading-Shorts Covering-Corn and
Oats Stronger = Mess Pork
Rernininr Lost Ground.


The strength was caused largely by parties who
had sold freely the past few days trying to gel
some of their wheat back. Foreigners. it was
claimed, had sent some buying orders and there
was also long buying from other sources, which
together with the demand from shorts, created
quite an active demand.
The opening was k@ssc higher than yester
days closing, which advance was followed by
further improvement of &c. Then occurred q
break of 75c for December and &c for May
which wass followed by an advance OF &c fol
December and &c for May, closing about 5zc
higher for December and lc higher for May
than closing figures of yesterday.
May took the lead again to-day. selling from
SIC to S5sc premium over December. The rea
son for this may be that trading of late has been
largely in May delivery, and, as operators PIE
ferred to sell this month rather than December
having less fear of manipulation. it created
greater short interest, and, with shorts cover
ly greater demand.
as only temporary, though prices may be car
ried still higher. There was no doubt some buy
ing on the belief that such will be the case.
based upon the reported falling off of farmers
deliveries in the Northwest, which, however,
may not show in the movement for several days
vet. The buying was stimulated some by the
report that l9 boat loads had been taken in New
York for export.
Advices were somewhat contradictory on the
EXPORT news, some claiming InaL the ABOVE re-
port included old business and others that No
Vember shipments were included. Late advices
stated IA loads, comprising seven boats which
were loading for Lisbon. Some bad reports OF
the growing winter wheat were received again
to-day from Michigan, and the rains in Ohl0
and Indiana, it was claimed, were only slight
showers.
A rather firm feeling was manifested in corn,
and transactions were at slightly higher prices.
The better tone was due largely to the smaller
movement, to-day's arrivals falling short Of ex-
pectations. A prominent local speculator was
reported as being purchaser to-day. The
speculative market opened a trife above the
closing quotations of yesterday, was firm the
greater part of the session, though no material
advance was recorded, but final trades were
shade above the close of yesterday.
In oats arrivals were below estimates. This
produced stronger feeling and prices ad-
vanced a fraction Trading was moderate and
well distributed light business was done in
selling December and buying January at &c
spread.
In mess pork more was doing in speculs-
tive way, and the feeling stronger. A promi-
nent local operator purchased November
rather freely, while miscellaneous shorts &C
cepted fair quantities for January, the bulk of
which was obtained from manufacturers
Prices were advanced l0G1711c on the whole
range, though outside prices were not fully
supported.
Lard trading was only moderate, and the
feeling was easier. Prices ruled about 5@l0c
lower and the market closed quiet at inside
figures.
In short rib sides rather more was doing and
the feeling was stronger. Prices were ad-
vanced l5@l7&c on October and 2hQ6c on
other deliveries. but the Improvement was not
fully supported.
The leading futures ranged as follows:
WHEAT NO. 2 December, 7954QS05sQ79Z
@S0Ac; year. 7S1s@7S14c; May. s2zsGSSAGs2B
@SS5sc.
CoSN - No. 2 November, sosS9sos4 $3.50
S024c: December. SO5S@3O4 4@S05s s@aOssc; May,
32X XQ33Q3 s@321sc.
oITsSNe; z November. ls9k@Iss6c; Decem-
bfT MSS lsgpSSi pSNS Msy bbScysg@Bs4 5gSSgsgs q s@
8 2255; JANUARY, So 45@8 6l15@s 45@s 521S.
LARD. per 100 Ms. -November. S. o219@
1ary. u rys IS 921<a5 SOS 9SIg5 IS.
SHORT RIBS. per 100 bs.-November, 81 90@
95@4 s6@4 80; January, "a Sc@4 S21594 s0@
Cash quotauons we're as follows: Flour quiet
and steady. No. spring wheat. 7S1zc;
No. spring wheat 64@65c; No. 2 red, 7S11zc.
No. corn. SOssc. No. oats lsc. No. 2
rye, Age, No. barley, soc asked: No. aa1-
Mess pork, per Dbl $40 Is. Lard. per 100
pounds Sc 35@6 S715. Short RIBS sides Qoose),
S. 25G5 IS. Dry salted shoulders (boxed), 81 25
Sugars. cut loaf, unchanged. Receipts-Flour,
$4,000 barrels; wheat, 10000 bushels; corn,
273 900 bushels; oats, 2g7 900 bushels rye 81 900
bushels; barley, $4,000 bushels. Shipments
$780, 900 bushels oats, 279 600 bushels; rye, 5000
bushels; barley, $1,000 bushels.
On the Produce Exchange to-day the but
ter market was unchanged. Eggs, le@l7c.
NEW YoRK-Flour steadier and moderately
active, with lighter offerings. Cornmeal dull.
Wheat-Spot fairly active, chiefly export A@
Hc higher and firm; options active, strong and
M95sc up; freer buying chiefly for foreign ac-
S Baet shNTs ns 6ye Szba qss b5 Basy
strong and fairly active: options frmer and
moderately active. Oats-Spot frmer and
fairly active; options stronger Hay fairly ac-
Options opened steady. 5GiO points down,
closing steady 10@l5 points doYn; sales, Sc, $50
bags, including October, l5.05c; November,
l5.05c; December. l5.0O@l5. l0c; January. $500
@l110c; February, 15.05c: March, l5.00@l5. .lOc;
April, l5lOc; May. 15.05@l5 lOc; June. l5OO@
15.05c: July, 149O@l4 Csc; spot Rio steady and
quiet; fair cargoes l91zc. Sugar-Raw nom
inal; refined easy and quiet. Molasses-New
Cottonseed oil firm but quiet Tallow weak;
city (S2 for packages), 41S@4 9-l6c. Rosin firm
but quiet; strained common to good, 81 0715@
1910. Eggs quiet and firm for fine: Western,
2OG2lHc; receipts, 4 l79 packages. Pork quiet
and irregular. Cutmeats weak; smoked shoul-
ders, 45zc; picked shoulders, 41s@4zc; picked
hams, 914@gszc; picked bellies. Y pounds. nc
Middles quiet. Lard higher but quiet: West
ern steam, Sc q G96 95; sales: October. Sc 80;
November, 81 %; December, IS 40: January,
90 oSs 6DGudTS. 90 maTc0. co 81. butter
quiet and weak: Elgin, 2411S@25c; western dairy,
9Il5c; do creamery, 12@24c; do held, l2@l9c:
do factory. 715Gl3c Cheese quiet and about
steady: Western. 71a@lOc.
PHILADELPHIA-F1ourQ quiet; market ruled
in buyers favor. Wheat strong, and prices of
options advanced &c under bullish manipula-
tion in Chicago; speculation quiet; high grades
scarce; No. 2 red October S019@Slc; November.
Sl@Sl]3c; December, S2@S216c; January, SSG
SS37c. Corn firm but prices of options largely
nominal in absence of speculative trading: car
lots weak; No. mixed on track 3915c: No 8
mixed on track. 40c: No. 2 mixed, in Twentieth
street elevator, 4l@4l1&c; No. 2 mixed. October,
3913@40e; November. 391a@40c; December 3S1%
@39c; January, 3S@39c. Oats-Demand light
and pr1ces of car lots shade lower; No 8
white. 2716c; No. white 2S15@29c; dead stor-
age. 281sc: futures dull and barely steady: No.
white, October. 2Sg2S15c: November, 2@2Sc;
Provisions steady and in fair jobbing demand:
pork, mess, new, Sl2 90; do prime mess. new.
$ll 00. Eggs steady; Pennsylvania tirsts, 2Sc.
ST. LoUIS-Flour unchanged. Wheat firm:
opening with good buying and closing Zc
above Yesterday; No. 2 cash, 755sc; December
T1d@7SNc. closing at 7S1sc bid; May. S2s6@
S3c. closing at SIC asked. Corn firmer but quiet:
No. cash, ,2734c bid, 27115c; January, 2715@275sc
February, 2T34@275sc. Oats firm; cash. l71z@
171lc; May 2l15c. Rye steady at 3Sc. Barley
dull; Wisconsin, 59@6615c; Minnesota, 5S665c;
Iowa, 35@40c. Flaxseed quiet at 81 Is. Pro
visions firm.
MILWAUKEE, Flour steady. Wheat easy;
cash, 72c; December, 1890. Corn dull. No. g.
Bic. Oats quiet: No. white, 2l@2l1ac. Rye