Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-12
MARKETS BY WIRE.
A Tidal Wave Sweeps Over the Whent PIT
Failure of Firm That Was Long
Corn and Oats Lower
,d

A Tidal Wave Sweeps Over the WheHt FIT
Failure of Firm That Was Long
Corn and Oats Lower
Pork Unsettled.
CHIcAGo-Trading in wheat was active to-
day. with the feeling nervous and unsettled.
The opening was about the. same as yesterdays
closing, but weakness set in and prices de-
clined with fluctuations of PIC for July and
2921zc for the deferred deliveries, closing 214c
lower for July and lsss@21sc lower for the more
deferred futures than yesterday.
The Government report was more'favoraole
than had been calculated upon. In the fgur-
ing of the percentages and the acreage, yield
of about 436 OOO 900 bushels of spring and winter
wheat is indicated against a crop of 4so 600
bushels last year. About noon it was an
nounced that a prominent firm had failed to
settle Its difference through the Clearing
House, and this caused further break IN
prices, the party IN question being long OF
wheat. The speculative dealings were heavy
and there was q great deal of liquidation OF
long wheat.
Corn was fairly active, the market ruling
lower, due largely to sympathy with the de-
cline in wheat. There was lack of support to
the market, though prominent local trader
early purchased moderately. The market
opened at a shade under the closing prices OF
yesterday was easy and sold off in all sc, ruled
firmer and closed 1sG1Ic lower than yesterday:
Oats were traded in with fair degree OF
freedom and steader feeling prevailed early,
but later gave way to weakness and & aecnne d
vanced HQHc. Later the heavy decline IN
wheat produced weaker feeling: offerings
increased-one large operator selling freely.
closed easy at the same as yesterday for July
and Ls6s3Sc lower for other months.
Pork offerings were fair about the middle OF
the session, and the demand was moderate,
with trading chiefly to close up outstanding
contracts Prices declined about 81, but on the
announcement of the failure rallied Sl@l 10
and closed steady.
Lard was weak. although trading was active.
Prices declined 10@l21Sc, but toward the close
rallied 5@714c and closed steady.
ribs. but the feeling was weak and unsteady.
Prices declined l216Ql5c, but rallied 79@l0c
and closed steady.
The leading futures ranged as follows:
July. 9O5s@sOMQ QsS1s@SS1c; August, sO11@9O%
CoFN~No. June. .38Z@S8N@8sA@as%c; July.
s453sgS43s@S414@S414c; August, 3514@a5A934749
OATS No. 2 June. 2s@2sX@zN@zXc;
July, 2SQ2Sc; August, 26l@265sG G26@26lc
MESS PORK, per bSI1Igly sl2 s5d2 ,a 5t@ g
sen:embef. o9 IT, sia T5aI2 s55iS 75ai2 S. '' ~
LARD, per 100 bs.-July, IS s5@5 95G5 $50
s 929; August U21sa6 o21s; September, Sc l59
SHORT RIBS, per 100 Ds.-July. s. o71<@ o71s
"a 921fQ5 021S; August. So 15@5 1535 021SG
5 l2l5; September. S. 271535 1906 1211@5 221S.
Cash quotations s were d.l,DS fC,Ows; !. sI1
for patents in wood outside; fancy, SS 25GS rs
for bakers: So 1894 Is for straight. No. 2spring
wheat. s714@s71fc; No. assPring wheat 769S2Sc;
2 oats, 271sc No. , rye. 4Sc. No. 2 harley,
nominal: No: iaxseed. 81 80. Prime timothy
seed 81 S5. Mess pork, per Dbl, sl2 rs. Lard.
per 100 lbs, S. S. Short rib sides Coose), 81 95
as 05 Dry salted shoulders (boxedl. So 003
8 TO- Short clear sides (boxed), s5 S5l5 40.
Sugars unchanged. No. 2 white oats 291<@
2g15c; No. white, 2S3z629c.
On the Produce Exchange to-day the butter
market was steady and unchanged. Eggs, l2c.
NEW YoRk-Flour heavy and moderately
active. Cornmeal quiet; yellow Western, 81 10
az As. Wheat-SpOt active. lower and weak;
report and reported failure at the West. CLOS
ing weak. Rye quiet; sales, 16, 600 bushels;
Western. 5616c B-rley dulli Western, nomi:
lower, closing steadier; options less active, ia
Lc down and weak. Oats-Spot dull and
weaker; options quiet and weaker. Hay firm
points up to down; closed easy 5@lO points
down; sales, 5000 bags, including June 1900
17.40c; July, 1T.05Gl7.loc; August, l6S5@l6.95c;
September, l665dl675c: October, l6.2O1l l63 3Oc;
November, l6.o5c: December, 15sO@ l6OOc;
March. l5S5c; spot Rio nominal and dull; No.
fat bean, lSAc. Sugar-Sales $50 bags;
Molasses-Foreign quiet; New Orleans quiet,
Rice quiet. Cottonseed oil dun. Tallow un-
settled. Rosin frmer; strained, common 10
good, 81 45&1 50 Turpentine steady at $50
3SAc. Eggs quiet and weak; Western, l25zQ
l3c; receipts, 6,4l0 packages Pork quiet and
firm; mess. sl3 759l4 25; extra prime. sll co.
Cutmeats stronger; picked bellies. 5@51Ic; do
shoulders, 5951Sc; do hams, 9A@l0c Lard
weak and dull; Western steam. S6 i21S asked;
sales, $50 tierces at s6 l21; city IS 65: options
sales, $50 tierces July s6 is, closing at So l6@
6 4S, closing at IS q; October, Sc IS. BnS,eT@
Fine active and firm; Western dairy 6Gl0c; do
creamery. 69l411c: do factory. 4@l0c; Eigin.
l414c. Cheese rather easy. less doing; West
MIkNEAPoLIs-The arrivals of wheat TO.
day were again small, amounting to g. cars.
with shipments of Al cars. The cash wheat
market was quiet, but quite strong compared
with the weakness in futures though prices
were affected considerably by the decline in
that market. There was good demand for No
l hard o. W. B. and No. i Northern. Closing
quotations: No. hard, June, S52zc; July, S65zc;
s6c bid; on track. s615c; No. Northern, June
sSc; July, Sac; on track, sSQS4c.
PHILADELPHIA - Flour quiet. Wheat.
options declined 15@le, closing nominal; No. .
red. June 9O19@elc: July, 9OxGsl1<c: August,
options weak: No. mixed. June. 4O5S@4OIIc;
July. 4Oss@403zc; August, 411SQzl5zc; Septem-
Sb,e SsF c SH Wbiss Ssak d No SSc
3515c; No. l white, S615c; futures quiet, but
steady; No. white June, S4569S5c; july 34I
G35c: August, 3l3I@S24c: September. 3UIa
SlAc. Eggs dull; Pennsylvania irstS l415QI5c.
RE-wheat-wessern weak; No.
red. spot and June, SSlGSS1Sc: July and
August, SS54QS9c: September. S91Sc. Corn
Western steady; mixed, spot, 4014&4O5Sc; June
andJuly, 4011@40ssc: August 40sza4lc: steamer.
3674@Sc Oats steady and firm; Western
white, 33G34c; do mixed, S2@33Hc; graded No.
white. 81. Eggs-weak at 1f15c Coffee firm:
Rio cargoes, fair, 2Oc; No. z. lSGs@lsAc.
MILWAUKEE-wbeat quiet; No. spring
on track, cash, S64S7c; July, SEC: No / North
ern. 9lc. Corn steady; No. g. on track SIC.
Oats firm; No .~id white e., on track 2shc. Rye
easier; No: l, IN % store &c Barley easy; No. 2,
S12 Is. Lard, IS 75.
TOLED0-Wheat active and lower: cash
Sg15c; July. SEC; August, SS5zc; September. soc
Corn active and easier; cash, 35sSc: July. 85lIc
Oats steady; cash, 2914c; August, Go Clover.
seed steady; cash, So 40; October, So S.
Drygoods.
NEW YORK. June 11.-Staple cottops were in
moderate damand a Ihp advanced prioae ,.,.k