Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-13
MARKETS BY WIRE.
Commotion In the Wheat Pit, and m UnDre-
cedented FURRY In Pork-BOth Com
modifies Excited and Higher,

modities Excited and Higher,
With Heavy Trading.
cHIcAG0-Activity and buoyancy were again
| manifest in the wheat market. Trading was
again active IN all futures, and outside busi-
ness, judging from the way the orders came
pouring in, were more numerous than any day
since the board discontinued the sending out OF
quotations. The country is evidently operat-
ing. and there is enough business from this
source to make itself felt on the market. The
course of prices was very irregular and fluctua-
tions were rapid and frequent. The oDening
was very unsettled, and prices varied 1890 in
different parts of the crowd. ruling lower in
some instances than the closing of yesterday.
From the inside prices May advanced SIC,
June SIC and July 15sc, ruling easier and closed
Sssc higher for May, SIC higher for June and
ae higher for July than closing on Change
yesterday.
The outside range of to day represents an ad-
vance of SIC for May and 914c for July, above
the lowest point, and nearly all Of this advance
since the quotations were cut OF. shorts
again covered freely, and parties who had sold
yesterday were buying to-day. Crop news con-
tlnues to come in bad. and from some sources
the worst of the kind yet received. European
market prices we're favorable, quoting better
demand and higher prices.
Corn-Another large days business was
transacted in this market, which was active
and rather unsettled most of the session. The
sympathizing with the advance IN wheat and
pork There was no new outside feature pre-
sented and fluctuations were governed largely
by local influence, the Chief OF which being
mentioned above. The market opened strong
with other articles, and there was fair buying
but the advance did not hold well, and the
market reacted AG5se, recovered, ruled strong
and closed &c higher than yesterday.
Oats-There was a fair business transacted,
but an unsettled feeling prevailed and price
changes were confined to &c. The opening
aAx hH1NN NIac h .rr1a
had stimulating effect on values, and prices
advanced 1s9Hc. Later buyers failed to take
hold, an easier feeling developed. and prices
yielded slightly to fair offerings, but the market
again developed strength and prices advanced
L@3sc and closed at net gain of L@3Sc.
The Daily Trade Bulletin says: Consider
able excitement was exhibited in the market
for hog products to-day, attended with wide
fluctuations in prices for mess pork. The sur
prise of the whole affair is the moderate amount
of the trading in all the leading speculative
articles, scarcely exceeding that of the previous
day. There was nothing developed to really
account for the sudden advance in prices-only
an instance where the market was taken from
under the control OF any one in particular;
everybody got excited and somewhat ratified,
and were anxious to provide for outstanding
contracts; the small amount of property Of
and resulting in the unusual advance in prices.
1t has been evident that outside parties have
been buying mess pork freely within the past
two or three days, and that foreign orders also
advance of Csc was made to feel the market, to
ascertain if the property could be forced out,
and develop the extent OF the line of shorts.
when this appreciation was gained, the market
quickly got beyond the control of those who
were searching for knowledge of the situation,
and for 20 minutes prices advanced So 50 for
May and S4 for June-unprecedented in the
history of the trading in pork at Chicago. On
the upward scale only \ moderate trade was re-
ported at outside figures. The market weak
ened and gradually settled back again with
1iorNt tro6 TO fElaa aI and ri
tion of advance lost.
While mess pork attracted most attention,
there was considerable interest manifested in
lard and short ribs, and they shared IN the ad-
vance to some extent, but declining during the
middle of the session. At the close. however,
they were active and prices rallied again, ruling
rather firm.
The leading futures ranged as follows:
WHEAT - April. No. 2. S4g9O14 9S3149Ssc;
@SS74c; July, S3549S476 65SS@s41lc.
Ma May. ,s17s@5211G8l9s98214c; July. 33@S3159
0ATssNo. 2 May. 23140BA9237S@23szc
Jgne Js.Is,;s5 ;2ss57z9SNa2SAS2a7Sc; July, 2a1492z40
MEss PORK, per bbl.-May, s1I 55aI5 Esq
IL 5214@l3 25; June. Sll 65@l5 l0GQl1 65Ql3 371a;
July, sll 75Q15 75@ll 75G1l3 90.
LAED Is,1 per 100 n s1May s g SosS sS1 45@6 @
So 37tS@s 55@6 $71S@5 5O O->'S'' ~
SHORT RIB sIDEs. per 100 Bs.-May, So S775@
as 571E; July, s5 4585 7O95 Is 40 621S.
Cash quotations were as Follows: Flour
firm and 1O@15c higher. No. 2 spring wheat.
S-5a@S815c; No. spring wheat 7l17718c; No. 2
red. S715@881Sc. No. 2 corn. BIG. No. 2 oats,
2316c. No. rye, 47c. No. barley nominal.
No. haxseed. 81 so. Prime timothy seed. 81 q.
Mess pork, per Dbl, Sl3 23 Lard. per 100 lbs
s6 40. Short RIBS sides Qoose), 50 so; dry salted
shoulders (boxed), higher; short clear sides
(boxed). higher. Sugar-Unchanged: granu-
loted, unchanged: standard "A, )" unchanged.
Receiprs-Flour. 1900 barrels: wheat $1,000
bushels: corn. 398 600 bushels; oats 103 900 bush
els; rye, 1000 bushels: barley. q, coo bushels.
Shipments-Flour, 14000 barrels: wheat, a.
900 bushels: corn, 10000 bushels; oats, 190.-
900 bushels; rye. 25,0O0 bushels; barley, 1900
bushels.
On the Produce Exchange to-day the butter
market was weak; fancy Elgin creamery, 1870
1gc; finest Westerns, 17@lSc: fine, 15@l6c;
finest dairies, 149l6c; hne, n@l3c. Eggs.
le@19c,