Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-24
MARKETS. BY WIRE.
Wheat More Active and Higher All Along
the Line-Henvy Buying on Foreign
Account-Rumors of Large Sale
ofFlour for Export.


crease in the volume of speculative business
was witnessed in wheat to-day; prices were
higher all around. A nervous and unsettled
feeling again prevailed. however, and fiuctua-
tions were frequent within a range of Nc. A
feature of the trade was excellent buying for
foreign account, both here and in New Y ork.
That foreign shorts were covering freely here
was regarded as certain. and there was another
IS, 900 bushel lot of cash old spring wheat taken
for Glasgow account Enough. at least, is
being done in an export way, at present to
greatly encourage holders.
A strong factor in the market was the smaller
estimated receipts for tomorrow. Temporary
strength was also given to the market by wild
rumor of a very large sale of -four for export at
ST. Louis-afterward contradicted. Conserva-
tive houses here are advising their customers
that the market is likely to remain narrow un-
til the spring wheat harvest progresses far
enough to warrant reliable estimate of the
probable yield. Crop reports from the North
west indicate a fair improvement in the situa-
ton there during the last two weeks.
A fair degree of speculative activity was
manifested in corn, and higher prices were es-
tablished. Trading, however, was rather spas
modic. fluctuations covering 1aQ9sc range.
The better tone was attributed mainly to the
active cash demand, better cables and firm
feeling in wheat. The demand was confined
mainly to shorts, though some buying for in
vestnent was reported. Transactions were
confined almost entirely to the near futures,
July, August and September. The marke.
opened at about the closing prices of yesterday.
was firm and gradually advanced NQ5sc, eased
off &c, huctuated frequently, and final quota
tions were sed5sc higher than yesterday.
In oats firmer feeling was developed, and
prices averaged slightly higher, but price
changes were confined within narrow limits.
Only fair trade was reported in the market
for mess pork, and the feeling was easy A
few trades were made early at 21Sc advance,
but weaker feeling was soon developed, and
prices receded l5Gl71zc. Toward the close the
market was quiet but trife steadier, and prices
The lard market attracted very little atten-
tion. Early sales were made at yesterdays
closing figures, but reduction of 21f15c was
submitted to later, and the market closed
Trading was moderate in the market for short
rib sides. AT the opening sales of limited
quantities were made at yesterdays closing
figures, but weaker feeling was gradually de-
velOped, and reduction of 5@71zc was sub
mtted to- The market closed quiet at inside
figures.
The leading futures ranged as follows:
WHEAT : No. 2 July, SO1f@s2@7s1I I@sl<c;
August. 7S3S@7s14 4G7s@7sc; September, 7S1
@79i4 497s1s@7S5zc; December. sOh@slhQS6
CoRN-No. 2 August, 3g4@36sS $685. h3SS1zc;
September, 561 $685. 46Sg4 @56]8c; October, 361S
Q367s @361a @3654c.
OATs-N0. Z, August, &c: September. 221S
MESS PORK, per b6L-H1gust, sIi 1O@II I211S:
septen ber, sli S21i@li s21ESII i5Ql i71S; oc-
tober. $40 5O9l0 sOGlO 5O@fO 65.
LARD per e I1sf leo SfssAag9st g 95@s 22
October, s6 35@6 S5@6 325S@6 S21E.
SHORT RIBS. per 100 @s.1aAagust IS SOC
8 5l1a; September; S. 722895 72><@5 6595 IS;
October, S5 621545 6216(l5 60Q5 90.
Cash quotations were as follows: Flour firm
and unchanged; No. spring wheat, Sl16@S2c;
No. do, 7ec: No. 2 red, SlssGs2c. No. 2 corn,
ss5sc @ No No; 2 oats, PFC. No, rye: 42@42Se.
Prime timothy seed, 81 50. Mess pork. per bar
rel. Sll 20 Lard, per 100 pounds, So Is. Short
ribs, sides Qoosel, IS 6eg95 6A Dry salted
sides (boxed), s. s7i6G6 90. Sugars unchanged
Receipts-Flour. 10000 barrels: wheat. T,OOO
bushels; corn, 279.0OU bushels; oats, 14S 900 BUSH
Shipments-Flour, 1900 barrels; wheat, 81. 600
bushels; corn i22 600 bushels; oats l46 900 bush
els; rye. 5000 bushels; barley. none.
On the Produce Exchange to-day the butter
market was fairly active; fancy creamery, l51l
Ql6c; fine; l49l41ac: finest dairies, llx@l2c;
fine, lOQil16. Eggs quiet at ll@ll1c.
NEW YoRK-Flour steady and moderately
active. Cornmeal more active and steady.
Wheat-Spot mOdeI auely active for export and
milling, &c higher and firm; options steadily
with an active business chiefly covering
contracts on reports of further damage to
the Russian crop. Rye quiet and steady. Bar
ley nominal. Barley malt quiet Corn-Spot
moderately active, ss@15c higher and strong;
options more active and stronger. Oats-Spot
frmer and fairly active; options tirmer and
moderately active. Hay firm and in fair de-
mand. Hops quiet and easy. Coffee-Options
opened steady at 10@20 points down, closed
firm at O@30 points up; irregular cables; sales,
September. l42O@li.55c: October. l4I5Ql455c:
November, l4l56l425c: December, 4l5@
Il 60c; January, ASQl45Oc; February, l425c;
Rio firm; fair cargoes l71zc Sugar-Raw in
active; refined quiet and firm. Molasses-
Foreign quiet; New Orleans dull. ltice steady
and quiet. Cottonseed oil dull; crude. S5c.
Tallow steady; city, 4 9l6G45sc; out of towu
common to strictly choice, 41364 lSl6c. Rosin
steady and quiet. Turpentine firm and quiet.
Eggs easier and in full receipt; western, l30l4c;
receipts, !. .SS7 packages. Pork quiet and steady
Cutmeats firm; pckled bellies. II pounds, 73Sc;
picked hams, ll34c; picked shoulders, SIC;
middles slow. Lard easier and quiet: western
o2tions-August s6 80 bid; September IS $50
SO, closing at Sc 6S; October. S6 67G6 II, clos
ing at Sc S6; November. S6 1896 S. closing at
S. 80; December, s6 40; January, s. 81; March,
Sc 4S@6 81. closing at s6 49. Butter steady and
quiet; western dairy. l09l215c; do creamery Il
@l7c; do factory, S@l3c. Cheese more active
and steady: western, 61a@7kc.
PHILADELPHIA - Flour - Supplies light:
demand slow: Wheat strong and options ad-
SIC; No. red, July, S63498714c; August S5150
S574c; September. S515GS534c; October. S53z@
SOC. Corn strong with light offerings; options
tion; ungraded mixed on track, 441&c; No. 2
mixed, in Twentieth street elevator 45c; No.
2 mixed, July, 43A@441zc; August, 4S3z@4flc;
Oats-Market for car lots was fairly active and
firm under moderate offerings; sales OF selected
mixed, 30c; ungraded white, Sac; do choice
351Sc; No. white, 337%c; No. white, S41%
@35c; do. prime, 351zc; futures were quiet but
firm; No. 2 white, July. 34l<@3415c; August,
September, 3024G3l1lc; October 3lZ
G3l54c. Cheese dull and weak; part skim, SAFE.
Receipts-Flour, 1000 barrels; wheat, 200
bushels; corn, 1900 bushels; oats. 1900 bush
els. Shipments-Wheat 5000 bushels; corn.
Z, 500 bushels; oats q 900 bushels
ST. LoUIs-Flour quiet and unchanged.
Wheat declined 1s@ssc early, but stiffened
later and after fuctuating somewhat closed Il
@13c above yesterday; No. 2 red, cash, 763Sc:
August, 745s@6755sc. closing at 755Sc bid:
September. 755s9763zc, closing at 1890; Decem-
Der. 79I4079szc. closing at 7y11c. Corn firm
and higher; No. 2 mixed, cash, 331Ic; August,
SS3Ic, closing at 3Sc; September closed at SS1zc;
year. 32c; May, 3455GS5c. Oats-Steamer No. 2,
cash, &c bid: September. 2l1sc; May, 251kc
Rye-No 2, zlkc bid. Flaxseed, 81 p bid for
August: September nominal at 81 20 Provis-
ions quiet and easy.
CINcINNATI-Flour steady. Wheat quiet:
No. red. SOC; receipts. H,7u0 bushels; ship
ments, 5000 bushels. Corn strong: No. 2 mixed,
S71zc. Oats firm; No. Mixed 26c. Rye dull;
No. 2 47c. Pork quiet at Sll 20 Lard easy at
S6 O21S. Bulkmeats and bacon steady and un-
changed. Butter quiet. Sugar easy. Eggs
steady. Cheese quiet
MILwAUKEE-F1our quiet. Wheat firm: