Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-01-15
MARKETS BY TELEGRAPH.
Wheat Breaks Under Speculative Offerings
Corn and Oats Quiet-Pork Gives Way,
but Regains the LOss-Lard Unsettled
and short Ribs Weak.

but Regains the Loss-Lard Unsettled
and Short Ribs Weak.
CHICAGo-A large business was transacted
In wheat to-day and prices again touched a
lower point, reaching below the dollar mark
for May. The decline was solely the result of
realizing on '1ong" wheat. The opening was
little stronger, and prices early IN the session
were advanced &c above the closing figures of
Saturday due to rather free covering of shorts
and possibly the buying of some long wheat in
expectation of reaction. But the speculative
offerings continued heavy, and when the most
urgent demands were supplied a weak feeling
set in. There evidently is a lack of confidence
influenced by the recently developed weakness
in the market and operators are afraid of more
long wheat coming on the market. The result
of the heavy offerings was a decline of 23lc
from the top figures reached early in the MORN
ing which decline was followed by5sc advance
and the closing was quiet and I1zc lower than
Saturday.
Corn ruled quiet most of the session. The
feeling developed was weaker, and this was at
tributed largely to the large increase in the
visible supply. The opening was about the
same as the closing prices of Saturday, and the
market ruled steady for time, but soon sold
of &c when the visible became known ruled
steady and closed 1sQ14c lower than Saturday
Speculative trading in MAY oats was fair but
in near futures exceedingly light. Shorts took
clined 1zG3sc the market closing quiet and
easy.
A very brisk trade was reported in mess pork
and prices ruled irregular. Opening sales were
made at l0c decline. and then slight rally of
215d5c occurred. Later the market weakened,
and prices receded 3O13215c on the whole range.
Near the close the feeling was steader, and
prices advanced 212d0c. but closed rather quiet.
Quite an active speculative business was
transacted in lard and the feeling was greatly
unsettled. Prices closed fully 21595c lower, and
Tnra~Tra asnF1
to. At the close the market was steadier and
prices rallied slightly.
More was doing in short ribs and the feeling
was weak and unsettled. Prices opened 215D5c
lower. and further reduction of 1O@l2c was
acceded to- Later the market was steadier and
prices slightly advanced, the market closing
quiet.
The leading futures ranged as follows:
WHEAT-NO. 2 January. 96I4@96l1 1G945z6
945sc; February. 973sd973S6953s sG1g515c: Nav
s, 0lGl OI94G99G9919c; July, 95@9324@9I1a@
CoRN-No. January. S31Ic; March, 35@345sc:
May 363z d3634 463612 2d3615c.
OATs-No. 2 January. 241Ic: February, 243z@
PFC; May, 27s4@2754 s@H5sc.
MISS PORK, per bbl.-Ianuary sl2 80: March.
sl3 39al$ S5gl9 O0Gl3 90; May, slS 5235@1S 5718
LARD per 100 Bs-Januarv 81 2Oa7 2216
az O213@7 02]@;- March. s. SGa7 3Oa7 i215G
: l215: May, s. 1897 45@7 25G7 25
sHoRT RIBS, per 100 BS;-January, Sc 771l@
1906 75d6 75; March. So 95@6 95G6 SOG6 SO:
Nav, 81 O5d7 0516 9O6l6 80.
Cash quoJauons were as Follows: Flour.
weaker. with some sales l0c lower No 2
spring wheat, 941S@l9455c; No. spring wheat
S06g0c: No. 2 red, 9z1sd945zc. No. 2 corn
8315d3S5Sc. No. 2 oats, 245s@2415c No. rye
A7d4715c. No. barley. nominal. No. / fax
seed. 81 69%. Prime timothy seed 81 55. Mess
pork per barrel Sl3 90. Lard per l00lbs 81 O2156D
: O5 Short ribs sides (loose), So IS. Dry saited
shoulders (boxed), Sc 2l@6 S71$. Short clear
sides (boxed), 81 25@7 S179. Sugars-cutloaf
S6S5sc: granulated, &c; standard "a, - TIC.
Receints-FIour 5000 barrels: wheat l6OOO
bushels; corn. 10000 bushels: oats. 5000 bush.
Shipments-FlouT. 1000 barrels; wheat, 1000
bushels; corn. 60 600 bushels oats. 10000 bushels
rye 5000 bushels; barley, $4,000 bushels.
On the Produce Exchange to-day the butter
market was neglected; fancy creamery, 22d26c;
choice to fine 20622c; fine dairy, l60l9c: good
TO choice. l216dl4c. Eggs easy at lie.
NEW YoRK-F1our - Receipts. "a. l26 pack
ages: exports 2925 barrels, 5,426 sacks: mar
ket dull and heavy, 5GlOc lower: sales, l2,l50
barrels: low extras. So 1898 so; winter wheat,
low grades SO l5d3 6O fair to fancy, So 656l5 so;
patents, S5 O006 90: Minnesota clear, 81 250
5 25 do srraights 81 1905 25; do patents. S5 so
al 90: do rye mixtures. 81 25GD5 Is. CornmeaI
in moderate demand and lower; yellow west
ern, g 63 co. Wheat-Receipts. $50 bushels;
exports none: sales, 6652,0O0 bushels futures,
S.6OO bushels spot: spot market dull and heavy
AT &c lower; No. red, 9749T15c. elevator; 9Sa
9819c a6Oat; 97cd9915c f. o. b.; No. red. 9l13c;
No ! red, 81 o.; No. / white, 81 90; No. 2
Chicago nominal; No. / hard, 81 33;
options active, irregular and decidedly lower;
opened at l1zc of, advanced nGlc, fell 2@2lze,
and closed heavy at 2q27zc under Saturdays