Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-12
MARKETS BY WIRE.
Wheat Nervous and Irregnlar-JuIy and
May HiEher-0perators Afraid of the
Crop Report-Pork Dull

"hent Nervous and Irregnlar-JuIy and
May HiEher-0perarors Afraid of the
Crop Report-Pork Dull
and Steady.
GHiCAGO-Wheat-Trad was quite active
again, but the volume of business was not Sc
large as during the preceding three or four
Gays. The feeling developed was very nervous
anu operators anxiously awaited the Govern
ment report Prices were very irregular and
covered very wide range 1t was difficult to
do any business in May and trading in June
was also rather unsatifacrory Trading cen.
tered principally in July, with increasing busi-
ness in the more deferred futures The open-
ing for July was 111@l2c higher than yester.
days closing, but quickly weakened and prices
declined with numerous small fluctuations
27ac from top prices, ruled very irregular with
in the established range, and closed sc higher
than yesterday. May wheat closed about %lIc
higher and June about the same as yesterday,
There was nothing really in outside news to
| have caused the unsettled feeling which ex-
| listed, but the uncertainty of the Government
| report made operators undecided which course
| to pursue though the declining prices Undue ed
| many operators to sell. There was heavy real
| izing during the session. Rain was reported in
| the Northwest. The condition of wheat in
California it was claimed, was 65 against IL
last month. ST. Louis also sent in some bullish
news, claiming that the crop of Missouri was
| reported Is per cent short Of an average.
Corn was fairly active and unsettled, the
| market ruling firm early and weak later Offer
| ings were heavy from all quarters, the country
| selling freely, as well as local warehousemen
and room traders. The demand was confined
| mainly to shorts. Receipts were light and
| this and wet weather tended to hold up values.
though the firm opening was due to the ad-
| vance in wheat at that time. The trade GEN.
| this month around 354. The market opened
| RQssc better than the closing prices Of yester-
day. but soon became weaker, and declined,
with slight reactions, t@9sc, rallied little,
yesterday.
Oats were fairly active but unsettled, but the
volume of trade failed to reach the magnitude
of yesterday. The opening was frmer and H@
nc higher on the leading futures, owing to
cold, wet weather, and higher prices for wheat
and corn. The highest prices were recorded at
the opening but were not maintained long, as
the demand was not large enough, and the
offerings became free. May declined Nc
June hc and July Nc and closed at nearly In
Pork-Very little was doing. Prices ruled
steady Trading was confined almost exclu-
sively to July delivery.
Lard-Trading was limited, and only slight
changes were reported.
Short rib sides-Only a moderate trade was
reported. Prices were trile higher early in
the day, but settled back again, and the market
closed tame.
The leading futures ranged as follows:
WHEAT-No. 2. May 96@9415@9515c: June.
s6H9s64 @s4@9474c; July 954Gs6@sS1z@
GoRN-No. 2 May, s4sl@s4A@s41es4Sc;
June, s431GS49s9a4Aaa47sc; July, s5H@s5ss9
!sss Ssss ss Va Sss' sSssss
1Ess PORK. per bbI.May, s12 s5@12 ESQ
T. Se9H Ia IS; S June; slS o0gIS Oo9ls OO@la 90;
LARD. per 100 gs~Msy. ss221t@6 ESQ
6 2s1s96 Is; June, Sc sO@6 So66 z71l@6 SO; July.
sESRF s5.Sg az RIBS per 100 SsMay s5 s5@s s5@
July, IS 1895 5O@5 45@5 M.
Cash quotations were as follows: Flour firm
No. spring wheat, Sogs4o; No. red. dJS $50
csc; No; corn. S415c: No. 2 oats. 2711zc; No
Frye. SIC; No. barley, nominal; No. fax
seed. 81 a: prime timothy seed. 81 80
lOO lbs, S6 a. Short ribs sides tloose), IS $50
40; dry salted shoulders (boxed), SIS 0O05 10;
short clear sides (boxed), IS SO@5 90. Sugars
unchanged
On the Produce Exchange to-day the butter |
market was firm and unchanged. Eggs lie.
NEW YORk-Flour firm but dull; rye mix |
lures. So 65@4 IS. Cornmeal dull, steady; vel |
low low western western q 1902 A. Wheat-spot dull
irregular; December 1<c higher; others 1s0l1sc |
down.. closing steady. Rye firm; sales 5000 |
bushels OF Western at Gle. Barley dull: West |
dull; Canada, 75Q90c. Corn-Spot dull, lower
and heavy; options dull, 1s@1lc down and weak. |
Oats-Spot flrm and dull; options less active |
shipPlngs 4Oc: good to choice. 7o@9Oc. Hops
steady and quiet. Coffee-OptOns opened |
steady; SOLO points down; closed firm 5 points
down to 5Pointso higher; sales, 1880 bags in
Guiding May, 1645@165Oc; June, 16.350l6. 4Oc;
July. l6SOQl6S5c; September. l6.05@l6 I5c; No
vember. l5.5Oc; December. 15450155Oc: M arch,
10 3Oc; spot Rio dull. steady; fair cargos, 2Oc
No 7 fat bean, 1sc. Sugar-Raw dull and nom
refined ri |
3 psooTdered' TSs ,gHc; granulated, 6l-l6c; cubes,
S,l6c. Molasses = Foreign dull; New
Orleans steady; common to fancy 31@45c.
SIC: Japan. 596c. Cottonseed oil strong TAI
low firm. Rosin firm. Turpentine dull and
held H9 nominally at 421c Eggs steady; Western,
mess, new, s14 O6@l4 so; extra prime Sll co.
Cutmeats quiet and easy. Picked bellies. 5k@
3ssc; d6shoulders. 51s@53sc; do hams. s34@lOc.
short clear Sc Is Lard dull
IS 55 asked; options, sales. l,500 tierces; Janu-
ary, So IS. closing at SO 81; July, S8 6448 IS,
closing at IS GA bid; August s6 rs asked; Sep
Western, 7@l2c; do creamery. s@Isc; do held,
j@l0c; do factory, 41509c; ElgIn, l9c Cheese
lul and easy; Western nominal.
PHILADELPHIA-Flour firm. Wheat quiet
Ind nominal; fair to good milling, s9@94c; un-
sort elevator, 96c: No. red, May, 95@96c; June.
l4@95c; july 9318G941zc; August, 9215@9S15c.
~Orn-Near deliveries weak ana declined
4@1fc; late futures ruled steady though quiet;
ooal TRACE demand moderate; No. 3yeIlow, on
rack, 4l1ac: No. mixed, in Twentieth street
elevator, 3915c; steamer, 405fc in export ele-
7ator and 4lQ42c for local trade; No. mixed,
n export elevator. 4315c; No. mixed, May,
2@423sc; June. 4lss94fssc; July. 4lH@4lAc;
August, 42@4211c. Oats-Carlots quiet but
teady; choice ungraded white 360361sc: No |
white, S615@3ec; futures, June, 34GS416c; July,
4Q3414c; August, 3O11a31Hc.
MlNNEAPOllS-The posted receipts of wheat
'or the day were 1877 cars with 55 cars shipped
,ut There was pretty fair demand for No. |
Northern wheat but No. l hard, No. 2
Northern and grades under that were in a |
condition and not selling we'll A
rood many cars went on sales to arrive EIe-
Tator buyers were the best buyers of the con-
'ract grade and were selling summer futures
against their cash purchases. Some wheat was
being picked up for local grinding. but the
Iuota5iSns No I hard, May, Sls4c; June. 9254c;
Way, 9l4c; June 9222lc; July, a356c; on trask'
215c; No. Northern, May, S91ac; July, 90c;
IN track S9@90c.
ST. LOUIS-Flour quiet and firm. Wheat
opened sharply higher, but subsequently broke