Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-21
MARKETS BY WIRE.
Wheat Active and Excited, With n Rally In
Prices-COrn and Oats Befter-HOg
Prndurf. I'm

1
| Products on the Fence.
| CHIcAGo-Wheat-Trad was large to-day
and the market at times was quite excited. A
prominent local trader was a heavy buyer, and
it is claimed must have added largely to his
holdings Shorts covered freely, and a promi-
nent floor operator bought in a large line,
which caused sharp squirt in the market and
| helped to carry prices to the outside point.
GOOD trading on outside account.
The market opened A@asc lower than yester-
| days closing, which we're the lowest figures of
the day. quickly developing strength under
active buying, which carried prices up 11lc for
| May and then eased off nc, ruled steady and
| closed about nc higher than yesterday. Inter
| est centered chiefly in May deliveries and the
advance was more marked for this future than
LOT July, while June followed pretty closely the
| advance for May.
| The influences which assisted to bring about
| the sharp advance were the large clearances of
nour from the seaboard ports and predictions
Lnat tne loadlngs OF wheat will be large soon.
| The movement of winter wheat at interior
points or from first hands. is reported light,
and winter wheat mlllers from several sections
write that they have great difficulty in getting
wheat to keep their mills running Advices
from California again report rain. Crop news
continue TO be contradictory. Most reports
continue to note damage from winter killing.
Corn was fairly active and frmer, very fair
inquiry existing for May and July from COM
mission houses, and as offerings were not large.
IHe local crowd DelnG the only sellers, prices
were advanced. The market opened at about
the closing prices of yesterday, was firm ana
gradually advanced 1885 became quiet and
inactive. changed but little, and closed H@ssc
better than yesterday.
Oats-There was decided increase in the
trading in this market. and during most of the
session an excited feeling existed and prices
fuctuated sharply. The recent slowness in tie
market induced heavy short selling for May de-
lVery and the market became oversold. The
light arrivals and small stocks here created
considerable uneaslness among the bears, and
an advance.
Pork-Trading was only moderate and the
feeling was rather steady. Opening sales were
made at &c Decline but a little inquiry from
the short interest caused an advance of 7110c.
Later the offerings were slightly increased-a
local manufacturer selling about {, 900 barrels
and prices receded 51718c. The market closed
steady at the reduction.
Lard-Only a fair trade was reported and the
feeling was steadier Opening sales were made
at 21ac decline, but a better demand and
stronger market prevailed later and prices
were advanced 2%@5c. Toward the close the
feeling was easier and the market closed at
medium figures
Short ribs-Trading was moderate and there
were few changes to note.
The leading futures ranged as follows:
WHEAT@No. March, 791sGs03s@ s@791S9S01Sc;
nds May yjI I7S7s@SO1s@793s9SO9kc; July, T5s87s159
CoRN-No. 2 April. 29@2915a2sa29Hc; May,
2954@301sQa934Q3Oc July, 3l@3lss s@3l9311Sc.
OATs-No. 2, March, 2114@2134c; May. 2I15Q
221g2II922c; June. 2l1492l5492l4@2l9Sc:
10 42111: June sl0. .l21z@i0 56@l0 z25S@iO ~.
LARD, per 100 bs.-March, s6 O516 1906 05@
s. 1596 15@6 1896 Is.
SHORT RIBS. per 100 fbs.-March. IS O21S0
021a@5 O21ag5 Gz115S; May. s. 023Ig5 O5l5 0215
as %: June. So l0Gl5 1905 LOGS 10.
Cash quoratlons were as follows: Flour
quiet ann firm, dealers asking l0c advance.
No: 2 spring wheat. 7s5s@S01sc: No. 8
spring wheat, 6S9l5e; No. 2 red. 755S@S0Nc.
No. flaxseed, ST 4813. Prime timothy seed.
ST 49, Mess pork, per Dbl. $40 s711@lO 40 Lard,
noosel, OO@5 10; dry salted shoulders (boxed),
s4 S5@s4 40; short clear sides iboxedj.
% 4OG5 4h Sugars-Cut loaf unchanged.
Receipts-Flour, 1900 barrels: wheat, 1900
bushels; rye. 5000 bushels; barley. 3D. 900 bush
els. Shipments-Flour. 15,0C0 barrels: wheat
1900 bushels: corn, 16 900 bushels: oats, 10000
Dushels rye, 700 bushels; barley % 0O0 bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs. 1916.
NEW YoRK-Flour frmer; in instances 51
l0c up, and fairly active. Cornmeal steady.
Wheat-spot dull and firm; options moderate
!y active, &c up and steady on local trading
Rye strong. Barley quiet; Western, 45@62c;
Canada. 57@70c. Barley malt quiet; Canada,
7274GS179c. Corn-Spot strong and fairly ac-
strong and fairly active; options active, higher
and firm. Hay quiet and steady. Hops easy
and quiet. Coffee-options opened steady at
5gio points down. closed steady at 59l5
%s RSn'' MaFPa;h MP; SAFE; soef7sSe pa6 aST ine5a E5a
E45c; May, l6 695@l..25c: June. i6SO@l7 O5c;
July l665@%l6S0c; % August. l6;50@l670c; Sep
vember, 159O9l5s5c; December, 1850
abSu! steady and nd quiet: fair csrgoes. D1fc; No;
mi Tr1nr Pfi 10
lasses-Foreign quiet: New Orleans steady: Rio
fairly active and firm. Cottonseed oil strong.
Tall9w y, steady Resin assi quiet TurPenti1e
active; Western. 1419c; receipts. S,753 packages.
Pork quiet and steady: mess, old. $40 256I0 rs; |
do. new. S1l 5O@l2 90; extra prime. SO 5O@1O 90.
Cutmeats firm: sales, 2,500 bs lob bellies at |
SIC; 5000 Ms smoked bellies at nc. Lard |
dull. lQ2 points up;Western steam. spots S6 471S@
81; sales $50 tierces at So 45@6 An; options.
sales, 800 tierces, including May, S6 43@6 A; |
ately active and easy; Western dairy, 6@lSc; do |
creamery, 13@251ac; do ned S@l5c: do factory, |
6Gl9c: Eigin, 2615@21c. Cheese about steady |
and in moderate demand; Western, 1O@lO11c. |
PHILADELPHIA-Flour quiet. and prices
well sustained. Wheat quiet, but firm; rejected, |
6O@70c; fair to good milling wheat 74Q82c; |
prime to choice. s5@9lc; choice western un-
graded. slc; No. 2 red, March, S49S415c; April,
Corn-Options shade stronger; carlots for
local trade quiet at former rates: No. 4. 2S93Oc:
No. 2 mixed in export elevator 36c; No. |
mixed, March. .::36@361sc; April, ,361S@363Sc; May,
367S@365sc; June, 36ss@3G34c. Oats-Carlots,
firm with good local trade demand; No.
white &c; do on track, 2914c; No. white,
3093lc: futures; 1492sc higher; No. white,
June. 5szz@3g4c. Egg steady @ and
in fair demand; Pennsylvania firsts, 14150l5c
ST. LoUIs-Flour firm but unchanged
receipts and other influences
advanced prices. and the market closed LRbc |
bnv vast n Mo-. Atn,r
closing at 711sGl7Sc; July, 75Gl755Sc.
closing at 75sSc asked. Corn higher, but only
moderate trading; No. 2cash, 251Sc; May, 26II0 |
.655c: July, 27540277sc. Oats very active and
ligher: No. 2, cash, 237ac; May, 22l4c. Rye
irm; No 2 cash. 403Ic. Barley-No sales.
Flaxseed firm. and saleable at 81 40. Provisions
Tery quiet, with only a small job trade at un-
changed prices.
Observation-Disclosures of wheat 135 cars
With 81 shipped out; local millers were free
buyers and all good samples went of we'll
The active competition among buyers caused
considerable improvement In prices over yes
erday. About all the offerings were held
arly excepting some poor lots held above ship |
,ers' views. Closing quotations: No. / hard
March, 79c; April 794c; May Sic: on track
DC; No. Northern. March, 7Sc; April; 7S3Ic;
fay 7S54c; on track. 79c; No. Northern,
iarcb, 76c; April, 76c; May. 7614c; ON track,
6@771lc.
BALTIMoRE-Provisionsf firm and unchanged. |
butter steady and unchanged. Eggs strong at
SIC. Petroleum unchanged. Coffee quiet
nd easier; Rio cargoes, fair. 2014c.
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