Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-16
MARKETS BY WIRE.
Pnnicky Feeling in the Wheat Pit-Prices
Take n Tumble - Prompt Action OF
Leading Trader Prevents
VERY Rnd Rrenk.

|
large traders. who usually operate on the shor
side. were reported as having sold to-day. Tn
feeling was at times quite panicky and only b.
the prompt action Of a prominent local trader
who has been identified with the long side. wa
the decline checked. The trader in question
put in numerous brokers to buy. and thi
caused reaction, but the feeling throughou
was unsettled, nervous, and prices irregular
The opening covered a range of l1s@2c, tn
| rush to sell causing sharp break and panlck!
| feeling. The decline was rapid, and with SOM
| fluctuations. May declined to point S1sc be
low Yesterdays closing. then rallied " agar
| rallied 21ac, again declined, and closed ABOUT -
lower than yesterday July opened from q
| lower to &c higher than yesterday s closing. lie
| clined 21sc ruled irregular, and closed lsst
| lower than yesterday.
There were a good many stock limit orders
reached by this decline, but the drop In price
| was SO rapid that many of the orders could moi
| be executed at the figures set to have them
| closed. The short interest, no doubt, has GOV
cred very freely during the recent furry, anC
with less urgent demand from this source and
! increased disposition to sell. weakness set in
Some Improvement in the growing crop was re
ported in some sections, but rs a matter Of fact
! the crop advices were very conflicting
Corn received considerable attention, the
market ruling fairly active the greater part OF
! the session. The feeling developed was weak
and transactions were at lower prices there be.
ing general realizing on yesterdays sharp ad
vance. The country sold freely as also local
Z
paratively scarce The decline in wheat had a
tendency to increase offerings. and the market
acted in sympathy the market opened at
about the closing of yesterday, was easy and
sold off 34@1sc, rallied a little, ruled steady and
closed 13Q34c lower than yesterday.
Oats were quiet and easier. There was less
demand from the outside and q liberal disposi-
tion on the part of holders to sell. The weak
ness in wheat also had considerable to do with
the tone in the oats market here, and prices re-
ceded 5s@4c July being the weakest and clos
ing sales we're at HG1fc decline from Yester-
days Close
A fairly active trade was reported in mess
pork. Offerings were not large and the demand
was only fair. Feeling was unsettled and prices
irregular. Opening sales were made at l0@20c
decline, and this was followed by further re-
ductlon of 25Q4Oc. Later the market showed
rather more steadiness, and prices rallied 500
9Oc and closed rather strong. Contracts of
from May to June were made at 2oc difference.
A moderate trade was reported in lard, but
the feeling was unsteady and prices favored
buyers. Offerings were fair early in the day
and the demand was only moderate. Opening
decline of SC was submitted to. Toward the
close the feeling was stronger an6 prices were
advanced 239@5c, closing firm.
Rather good trade was reported in short
ribs and the feeling was unsettled. The de-
mand was moderately active. Opening sales
were made at sc decline. and a further reduc-
tion of l0c was submitted to. Near the close
the market was steady and prices rallied 7H0
lOc. the market closing rather firm.
The leading futures ranged as follows:
%HsATMMS AgIi ss1a9ssss@S5
sSc asE SSfs asss s0''ese
ss May ssss5ssaasase, Aaas 3al5 slsss
oSTsNNa 2 May. 2sz@24e2sssa2sac: June
2sSses 2sSs1'74U1''4~1'@e' 'uis zSs@24SS8%9
MESS PORK. per bbl.-May, sl2 5o@l3 oo@
u lO9lS 90: June, sl2 SO@Is l2jS@I2 l5GIS 12l[z;
LARD, per 100 bs:-May S6 4O6@6 421S@
July. S. 5294@6 5213@6 1926 So
SEQ sa9RT sE,Bl RIR g. sIDEs per LOO ns:mMay S $50
July, IS 6715@5 671f@5 55Q5 s..
Casn Quotations were as follows: Flour
unchanged; nal3I No spring wheat. s69ss1zc: No
No. corn, Sl1ac. No. 2 oats, 2s1Sc No. rye,
47c No. barley, nominal. No. l faxseed,
81 49gl 4911. Mess pork. per Dbl. sl3 co. Lard,
per l00 lbs. 50 40. Short ribs sides Qoose)
80; short clear sides (boxed). S. rs. Sugars
Cut G y lSaf, s 7G79sc; granulated, 67sc; standard
On the Produce Exchange to-day the butter
market was weak; creamery. 131a@lsc; dairy.
candled, 1015 - - y - ' D''-
NEW YoRk-Flour unsettled and dull. clos
ing weak and nominal Cornmeal dull Wheat
active, l3z@2s4c down and heavy. Rye strong;
Western. 5735S15c Barley strong; Western
z5Q62c; Canada. 6o@70c. Barley malt steady:
Canada, 70gS71Sc. Corn-spot active, and 15@
s4c down, closing heavy; options fairly active,
5sglc down and heavy. -Oats-Spot less active
and weaker; options quiet and weaker Hay
quite steady. Hops easy and quiet. Coffee
sales, A, 80 bags, including April l7.35@I7 4Oc:
MAY, l7.l5@l7 25c June. L. OO@l 05c: July I6 S0@
1890; August, l665@l67Oc: September. $500
l6.55c; October, l6.30al6.S5c; November. l6OOc:
DRRRm her Enhr = m
Rio dull to lower fair cargoes 20Ic; No. nat
bean, 1S75c. Sugar-Raw firm and quiet: sales
~ 2; ooo hhds; Muscovado; SO lest. 4s4c;
rtned % acsi1e ssa'nsa g as sss S
c, 51s@5Hc; white extra c, 5516@5 9-I6c; vel
low, 1895 I1Bc. Molasses-Foreign firm:
quiet. New Orleans rice firm: good demand.
Turpentlne dull at IA@42c. Eggs firm;
Western, 121l@1215c; receipts. I0, l09 PACKAGES
Pork easier: mess old, Sl2 25@l2 so; do new,
SlS 1Sai4 90; extra prime, sll; cut-meats frm;
steam, s6 7219; options, sales, $3.50 tierces:
April, s6 81; May, IS 65@6 81. closing at Sc 81
asked; June. s6 %. closing at IS Y: July, s6 sO@
IS. closing at $6 so; September Sc SO; October.
S6 "a. Butter choice, fair good demand;
Western dairy. 79l3c; do. creamery, lO6lSc:
do. held, 511Gllc; do. factory. 43lSc; Elein'
l915@20c Cheese steady, fair demand; Western,
9159lOAc.
PHILADELPHIA - Flour dull. Wheat nm.
settled and fully Hc lower; rejected, 7O9f6c;
fair to good milling. s4@9Oc; prime to fancy
92@96c; steamer No. 2 red in EXPORT elevator
SIC; No red doi April sss@s0kc; May, ss1S@sONc:
tions dull and weaker; car lots for local trade
firm and in fair demand; No. mixed on track
361ac; No. mixed and yellow, on track. 376
SSc; No. 8, mixed. on track, 3714c: No. 8 yellow.
in grain depot. 3Sc: No. 8 mixed, on Port
Richmond track, 39c: steamer No. mixed. on
Girard Point track, 39c; do, on Port Richmond
track. 4o1l; No. 2yellow; on track. Hhtc: No.
1uDa mifse sss1oc ABci luz SgSsss Ssssc NAY
firm, but quiet; No. 8 clipped white, 3315c:
futures dull; No. white, April 32]5@33c: MAY
3l24@S2Ac; June. Sl1S@S2c; July. 3l1S@32c
Pork-Mess, new. slS' 'OOQl3 30: do. prime mess
new. Sl2 SO: do, family, Sl3 50@li So Butter
steady for fine goods; Pennsylvania cream
cry extra. lo9!9c; do. prints. extra, 26@3Oc
Eggs steady and In fair demand; Pennsylvania
frsts 1214c.
0RE-Wheat-Western weak: No.
2 winter: red. spot and April, S75Sc; Nav Ssc:
July, 863zc. Corn-Western weak: mixed. spot
and April, SSas914c; May, ss14@ss9Sc; June,
Western white 32@36c; do mixed. 3O@3lc;
graded No white, 33c- Rye firm at 55657c.
Hay frmer: prime to choice timothv. slS OO@
II 90. Mess pork, old, sl2 rs; new, sl3 so; bulk
rib sides and sugar-pickled shoulders, SIC;
sugar-cured smoked, nc; hams, large, l69
ll5lc, small. l115gl215c. Lard. refined, 74c:
chred. Ol4NUO12c. butter weak: western laGle.
l2@I3c: creamery. lSGl9c Eggs steady at l2c'
Coffee quiet; Rio cargoes fair. 20A@2Okc.
MINNEAPOLlS-Receip of wheat were l43
cars shipments % cars; the demand for cash
wheat was fairly good carly in the day at fully
as strong prices as those of yesterday and. for
some exceptional choice lots. even a shade
higher figures were obtained. Local consumers
were the principal buyers. with some taken tsr
outside shipment The tables appear to 6e
better cleaned up than on most days lately
fhnT1 T1Oh N1,e., 4Ta.. ...v. M
time. Closing prices were: No. i hard April
and May, S55sc; July, $3.50; on track. s711@SSc;