Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-28
MARKETS BY WIRE.
Wheat Unsettled and Nervous-A Decline
In Prices-spcculative Offerings OUT
weigh Bad Crop News


cHIcAeo-Trading in wheat was quite
active to-day and the feeling was unsettled and
nervous. There was really nothing new in the
way of outside influences. and as on yesterday
the market was governed by speculation. prices
advancing when the buying movement anc de-
clined when the selling movement preVaIIeu'
Local traders were on the alert Tor changes,
and followed whichever way 8e marker
turned. The opening was weaker and prices
about lc lower, Influenced possibly py tne
weather though the feeling was nervous, anu
on symptoms of declining market operators
turned sellers.
The market ruled easy and prices further de-
clined 500, then started good buying under
which prices were advanced nc, put became
weak again, and prices fell back 70 INSIDE
figures fuctuated some and closed nc lower
for July lkc lower for August and lc lower
for Decembe than closing yesterday Inc ao-
vance soon after the opening received neip IN
the rumors Of bad crop news from the winter
wheat belt. But the speculative onerings were
again quite heavy at the advance. whlcn car
ried prices back to the starting point AoVlces
from the various crop exports we're OF an un-
favorable turn.
Corn was fairly active and stronger during
the first half hour of the session, but later De-
came more quiet and easier. The market was
governed entirely py local influences. 1t
opened at q trife under the closing prices,
gradually sold up &c, eased of A49sc. ruled
steady and closed Nc better than yesterday.
Oats were active and stronger, and sold
higher early II the day, especially for May,
which ADVANCED l1Sc from the opening figures
on bidding by prominent shipper, but outside
figures were not maintained at the close. The
more deferred futures opened weaker and
shade lower but advanced &c for June and nc
for July. August and September were quiet
and steady.
Very little business done in mess pork. There
were no particular changes.
Trading in lard was moderately active and
the feeling was steady. Sales ranged at about
yesterdays closing at the opening. Near the
closing the feeling was easy and prices receded
215@5c closing tame.
A moderate trade was reported in short ribs
Prices were little more favorable to sellers,
but no very marked changes were noticed. To-
ward the close prices receded 215Q5c. closing
easy.
WHEAT-No. 2 May. 931z@9434 4@931z z@9S14c;
June: ,SS7zGs5gsS4@sS14c; July sSssQs01S9
GoRSE No. May. SsH@sss4 4@s8lGsssSc;
June. SS@S39sGSS@SSs6c July. SSzGS43s@SSA
oars mo. 2 May. 2s92s1f@2s@2sc; June,
Mess Pork. per Dbl. :. June, slS O5GlS O5:
July, slS 2O@iS 259I3 2OQlS 3211S; August, S18 IS
8l3 35@13 5O60lS 80.
LARD. per 100 ns-June. s. o215@6 90; July
6 S714@6 S215@6 S21Ss
SHORT RIBS. per 100 bs-June. IS l5@5 IN
G5 l5G5 Is; July IS 2715@5 S2%@5 271zg5 271S;
September, IS 50@5 50G5 45@5 As
but firm: No. spring wheat. 9SG9SIc: No
spring wheat, SS@9lc; No. 2 red 93@95Ac; No.
2corn, SSaSc: No. oats, 2ss4@2sc; No; rye,
81 AZ; prime timothy SEED. 81 80. Mess pork,
per bbl, sl3. Lard. per 100 lbs, Sc Short rib
sides Qoosel. s. lO@5 Is; dry salted shoulders
(boxedl, So 1895 20 short clear sides (buxed),
IS 65Q5 IS. Sugars, unchanged.
On the Produce Exchange to-day the butter
l216c.
NEWYoRK-Flour dull and heavy. Wheat
Spot weaker; demand chiefly for spring for ex-
port; options fairly active, 1@lNc down and
weak on crop reports. Rye weak and dull;
Western, 59x@6lc. Barley quiet; Western
Canada. 75Q9Oc. CoIn-Spot fairly active and
unsettled, closing easier; options dull. Oats
Spot irregular and fairly active, closing steady;
options irregular and less active. Hay steady.
CoIfee-OpJIons opened steady, points up TO
points down, closed near months firm; others
steady and unchanged to Is points up; sales,
$1,000 bags. including May, 112O@17. SOC: June.
l6.90@l700c; July 16750l6.S5c: August, 10 600
l6.65c; September, l6 4561l655c: October, IT, l5@,
16.20c; December, l570@l575c; January l56O@
l565c; March, l5.50c: April, l545c; spot Rio
steady; fair cargoes: zoe: No: :, fiat bean, $50
1S1sc. Sugar-Raw firm and fairly active; sales,
200 hogheads: Muscovado. S9o test at 4s<c; 900
bags centrifugal, $50 test, at 31-16c C. l. f.;
l:25O bags molasses sugar, SO test at
2ssc c. l. T.; 800 bags do S9 test at 9-,6c refined
firm; fairly active. Molasscs quiet Rye steady.
Cottonseed oil duh; crude. 83c bid; yellow SIC.
Tallow steady; Turpentine dull at S735c.
Eggs quiet and barely steady; Western, i5@
l514c; receipts, 9454 packages. Pork quiet;
mess, sl3 75@4 rs: extra prime, sll o. Cut
meats quiet and easy; middle qniet Lard
sales, GOO tlerces; s6 3OGB IS options: sales
1000 tierces; June. s6 q bid; July, s6 4e@6 Al;
closing s6 49, August, SO 50; CLOSING. s6 49; Sep
tembsT g. 6O@s 81: &C closing s. 5s October
lower: Western dairy, 6Ql0c; do creamery, ga
l41%c; do factory, 4@l0c: ElGin, 14159l5c. Cheese
firm; fair demand; part SKINS 4@616c.
BALTIMORE Wheat-Western spot dull;
9Oss@9015c; July. 92c; August, 9l54c; September,
92c. Corn-Western firm; mixed spot 4l1S6
4lAc: May. 4l@4l1zc; June 4uss@461zc; July,
494 AZ 4@iO2sc: August, 4S15g4Ac: steamer; a; SSc
do mixed. 331&@S5c; graded No. white. 36c.
Rye dull: choice, 6S@65c; prime 6l@62c; good
to fair, 5s@60e. Hay steady: prime to choice
pork. old. sl2 IS: new. sl3 So Bulkmeats. loose
shoulders. SIC: long clear, clear rios sides and
sugar picked shoulders, &c; sugar cured
smoked shoulders, 74c. Hams, small. lls4@
l213c: large. lO@llc. Lard, refined, nc: crude,
649615c. Butter-Creamery fancy, lac; do
far 20 choice. l2913c; do imitation, lOGllc;
ladle, fancy, 99lOc; do good to choice. &c; rolls,
packed, 6@Sc; grass. 5@Sc Eggs firm, scarce.
at l5c. Coffee firm; Rio cargoes fair, 1870
zoe; No. :, 177<@Isc.
PHILADELPHIA-FIour dull. Wbeat-De-
siIabe milling grades were steadily held, but
millers buvlng only for immediate wants; fut-
ures neglected and nominal; fair to good
milling, SQ93c; prime to choice. 94G9Sc; un-
graded in grain depot, 52c; No. 2 red, Nav 9l6
pc: June, 9l@92c; July. 9l@92c; August, slSQ
9215c. CONCEPTIONS firm, but quiet: car lots
tor local trade in moderate supply, but de-
mand light and prices weak: No. mixed, in
grain depot, 4Oc: No. mixed in Twentieth
street elevator, 43c: No. mixed, May, 3g54@4Oc;
June 3954@40c; July, 4O15l4O3Ic; August
4O7zG4l1zc. Oats-Car lots steady lhUuch
quiet; No. white. 35l l4c: No. 2 white. 36I[c; do
choice, SIC; No. clipped white, SSc: the Nav
option ruled firm and 15c higher but later
futures were dull and a shade weaker: No
white. May, 3514QS6c; June, S31sGS4c; July,
3S15634c; August. 3034G35lzc. Eggs frm: Penn.
sylvania tirsts, l512c,
ST. loUIS-Flour firm at Yesterdays de-
cline. Wheat lower: the opening was at de-
clines of lc in sympathy with breaks at other
points; the close was at declines of BIC for
July and l1zc for August and December from
yesterday; No. 2 red, cash. 96c: july 9OI6@9336c
closing sdsg: at S,d slc 6ssaS AugSst a as2 closing
9254c bid. Corn opened higher but eased off
later ard closed steady and firm; No. Q mixed
cash, 3l1lc; May. 3l1l@3lssc, closing at SlLc
gus, ,S2@S2%c, closing at SIC; September. s2153
331Sc. closing at S234c nominal. Oats steady:
No. 2 cash. &c bid; May. 27114c; July 26sSc; All.
gust 2474c. Rye dull; No; 2, sc bid. Flax
job lots, So so. Lard-Prme steam nomi-
nal at S. as.
MINNEAPoLIS-Receipts of wheat for the
day were l04 cars. with 81 cars shipped out. The
demand for No. l Northern wheat was pretty
good. No. hard was also moving little bet
ter, but under grades were slow. though some
holders thought the demand for No. Northern
showed slight Improvement. There was more
inquiry from local millers for choice milling
wheat. Closing quotations: No. hard, Ma,
90c; June, 401ac; July, 92c: on track 9IG9l15c;
No. ! Northern, May, S915c; June BIC; JuIv,