Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-22
MARKETS BY WIRE.
All the Cereals Weaker Under the Influence
of nm Unexpectedly Large Visible
Supply-shOrrs in Wheat

ket ruled weak and lower, The speculative
offerings were heavy. and a prominent loca
trader was reported to have sold l,000, 600 bush
els, with other traders selling moderate quaint
ties. But with all the influences brought Il
bear on the market prices suffered decline o
only 1c for December and &c for May. Fair buy
ing prevented further break; shorts covered
freely, and there was also some buying from
other sources at the Bottom, evidently in ex
pectation of a reaction following so large
break, and some on the prediction of smalle
receipts.
The opening was weak, and 1SGlzc lower thai
Saturdays closing, held for little while ant
later broke off Ec more for December and q
for May, then became stronger, recove-ln'
slightly, but closed easy and about &c lower TO
December and sc lower for May tnan closin!
figures of Saturday. 1t will be noticed that Ma!
did not rule as weak as the December future
and the premium was widened from 22sQ2Szi
Saturday, to 3QS1sc to-day.
TIE principal feature Of weakness was in thu
visible supply An increase of about ], O0
bushels had been expected, but when the figures
began to indicate an increase OF over 2OOO,UO
bushels, selling became general. The hnal ng
ures showed an increase of 2,2l2, 600 bushels.
great deal of long wheat came on the market
The increase was at Minneapolis Duluth
Buffalo, Chicago and on the canal.
In corn good speculative trade was wit
messed, and the feeling developed was weaker
lower prices being the rule all round. The
chief weakening influence was the free offer
ings by a prominent local speculator, whose
sales probably reached in the neighbOrhood OF
1,5OO,0OO bushels-chiefiy May and November
A very good demand existed for May around
223lc and several short lines for the other
futures were covered to-day. The market
opened at about Saturdays closing prices. was
weak and sold off 1Sc, rallied 1s@Hc when the
visible supply was made known, showing de-
crease in the amount in sight of l, ,l22,00O bush.
els. ruled steady and closed 1s114c lower.
Oats were depressed 1lc by the weakness in
wheat and large receipts. The visible supply
also increased SIS, 600 bushels Trading was
active. One large operator, who was a heavy
buyer last week, selling freely. Several oper-
ators also bought May early, but resold at the
decline. The depression in the near futures
was the most marked, October delivery to
l75sc. Later, May became stronger, most
of the decline being regalued.
The mess pork market attracted very little
attention. Offerings were comparatively light
and the demand was limited-continedt to filling
a few shorts" Prices exhibited very little
change.
In lard more strength was developed, but the
trading was only moderate. The belief pre-
walls that the market is Oversold for October
delivery and the inquiry in quiet way tended
to confirm it. Prices were advanced 5@715c or
October, while other deliveries were strong al
2LG5c advance.
In short rib sides trading was somewhat
limited and the feeling easier. Prices ruled
about 215c lower and the market closed quiet
The leading futures ranged as follows:
WHEAT - No. 2 December. Sl@Sl1S@S0A
@so12e; year. 7s1sG7s14@ 7S5sG7S2sc; May, SS1i
CORN - No. 2, November, SO3z@3gzGSOlG
3O19c: December. SO5S@334O95O3s@ s@3O75; May
S2554G325zq325sqS254c
oATs-No. 2 November, 1S4@lS49ls1Ed
lSlsc: December. lS159ls74 4@ls1a@lS5sc; May,
2l54G2k@21H@2lssc.
Mss Pokk Per bbL-NOyembe6 s67S So =
S S ~ JanUaTy n AZ l5as T 4as 3 5Bs 4S5s 5S, IS '7aS
LARD, per 100 MS. = November, IS 95a
O505 9566 021S: year. IS 9OG5 95G5 9095 So
January, s. 9OG5 9595 9OG5 s..
SHORT RIBS. per 100 bs.-November, 81 S5d
4 9215G5 S594 IS; January, 81 1894 T75.
Cash quotauons were as follows: Floul
dull and generally unchanged, though with
sales rather lower. No 2spring wheat, 7S9sc
No. 3 spring wheat, 6Og6ic; No. 2 red, 7S5sc
rye. 4l34c. No. 2 barley, 6OG6Sc. No. / fax
seed. 81 IS Prime timothy seed, 81 O9Gl 10
Mess pork, per Dbl. $40 SOL 90. Lard, per ion
s. 2oG5 40: Dry sailed shoulder (boxedl s. 2;
a 80. Short clear sides (boxed), S5 50G5 6215
Sugars, cut loaf, SIC; grapulated, 75sc; stan
dard A, 7ssc. Receipts-Flour, 1900 barrels
oats, 22l 900 bushels; rye q 600 bushels; barley
1872 900 bushels. Shipments-Flour, 5000 bar
res; wheat IS, 900 bushels: corn les, 900 bushels
oats, 1000 bushels; rye, 5000 bushels; barley
81. 900 bushels
On the Produce Exchange to-day the but
ter market was dull, weak and unchanged
Eggs, 1S11c.
NEW YoRK-Flour-heavy and lower
Cornmeal quiet. Wheat-S.Jot heavy, N43zc
lower and dull; options freel offered, general
pressure to sell by longs, chiefly on account of
large receipts at the West; declined 1@lEc,
and closed weak at reaction of HQ14c. Rye
quiet; sales. 1000 bushels; Western, SOC. Corn
Spot steader and fairly active; options
more active and steady. Oats-Spot quie and
weaker; options active and easier. Hay fairly
active and firm Hops steady and quiet.
Coffee-Options opened steady 5Gl5 points up,
3O,25O bags including November. l5209l5 Csc:
December, l5.l5Gl525c; January, 1874
@lS25e; February, - dG u zoe; March
and steady: fair cargoes 1914c. sugar-Raw
nominal fair refining. SIC: centrifugals 96o test
&c: refined quiet; about steady. Molasses-
Foreign quiet; New Orleans quiet Rice in
fair demand and firm. Cotton seed oil
firm. Talow lower; city, [S2 for packages) 45sc.
Rosin firm; strained, &c. Turpentine firm.
Eggs firm for choice; Western, 20@2lc: lined,
mess inspected. Sl2 25Gl2 50: do inspected,
Sl1 754l2 10. Cutmeats firm. Middles strong.
Lard-SqueeZe on cash and October; prices lOG
Is points up: November 10 points up; later
months at 2@l3 points advance: dull sales of
Western steam, Sc SOl6 s., closing at Sc IS; SOC
tierces, delivery latter half November, Sc 55;
October. S6 so: November, Sc 81 bid; December,
S6 81 bid; January, S6 IS bid: February, IS a
Elgin, 25c; western dairy 9dl5c; do creamery.
I2Gl4c; do held. l2@l9c: do factory. 7156ISc.
Cheese quiet and unchanged: Western, 715@l0c.
PHILADELPHIA-Flourq quiet prices steady;
Western winter clear, 81 0GQ4 30: do, straight,
81 35@u4 55 winter patent, 81 6005 %; Minnie
4 IS; do, patent, S4 S5@5 IS. Wheat weak and
lower; No. red, in export elevator, Soc; No. 2
red, October, S0@S01Sc; November, S01S6Slc:
December, SlL@S2c; January 83GS3%c Corn
nrt nDdar 1iUhf
speculation very tame; car lots for local trade
dull and barely steady; No mixed, October, go
04Oc; November, 3913GS93sc; December, SOC:
January, 3SG39c. Oats-Car lots easier and
quiet; No. white. regular, 2713927Nc; No. 2
white, 29c; FUTURES quiet but steady: No. 2
white, October. 2S1sG2S71c; November, 2S6
2Sllc; December, 2S14@2S15c; January, 2S16@
pork. mess, new, S11 0O@l2 90; do prime mess
new, SIl 90; do family, Sl2 50@l3 So Hams
smoked, Sll 50@l3 90; Western steam. S. so.
Butter dull; Pennsylvania creamery extra, 2S@
24c; do prints extra, SG3Oc. Eggs scarce and
firm: Pennsylvania firsts, 23c. Cheese dull.
part skins, 73sc- Receipts-Flour, 2 400 bar.
rels; wheat $500 bushels corn, 100; oats 2 2OO
shipments-Wheat. 800 bushels; corn, 1900;
oats, 34O0.
ST. LoUIs-Flour quiet and easy. but un-
changed. Wheat lower; there was a sharp
break on the increase in the visible. from
which there was little reaction and was at a
decline of &c for December and November &c
7G1597634c; December, TSl@7gLc, closed at
7SssQ7S1Sc bid; year. 76ssc; MAY, s234@SS5Sc.
closed at SIC bid. Corn dull and lower; No 3
mixed cash, 2sI@2S16c: January. 271l@2756c,
bid; MAY, 295zc. Oars lower at I7c bid; JanG-
uary, 1880; Nav, 2lssc; November. 1876 bid.
Rye-No. z, SS14c bid. Barley inactive and
seed steady at 81 25 Provisions firm and fairly
steady.
MILwAUKEE-Flour steady. Wheat easy;
cash, 73c; December. 74s4c No. / Northern.
Sic. Corn dull; No. s. 5015@31c. Oats steady;