Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-22
MARKETS BY WIRE.
Wheat Gives Way Under Reported Squeeze
at LiverpooI-COrn Also Loses Ground
Oats FeatureIess and Hog
Prndncfa Are Wenker.

at Liverpool-COrn Also Loses OrOuno
Oats FeatureIess and Hog
Products Are Weaker.
CHIcAeo-There was quite large business
transacted in wheat during the early part OF
the session to-day at weak and declining prices,
but with less doing and steady at the decline
during the latter half. The opening was at
about the closing figures of yesterday, but
ruled weak and declined. with only slight
fluctuations, became steadier and closed about
&c lower than yesterday. The decline was at
tributed, it was claimed, chiefly to the wording
of an early Liverpool dispatch, which quoted
the market for February wheat COLLAPSED" I"
owing to arrivals.
Operators commenced to sell quite freely,
and confidence in the market here was badly
shaken for a time. 1t seems that owing to be-
lated arrivals on account of adverse weather a
sort of squeeze was under way in California
wheat in Liverpool, and the increased arrivals
enabled the filling of contracts, and merely the
advance of Thursday was lost. This is the eS-
PLANTATION made by persons who are doing bus1-
ness for foreign parties.
Coma moderate speculative trade was re-
ported and the feeling developed was weaker,
much lower prices being established. The
weaker tone of wheat, together with the cold
weather which was looked upon as favorable
for improved grading, induced short selling by
parties who covered their outstanding con-
a shade under yesterdays final quotations, was
easy and sold OF %G1zc, ruled steady and
closed sc lower than yesterday.
Oats were active but weaker, and lower on
all deliveries. There was increased selling by
longs and no demand Of consequence except
from shorts, but their purchases were not of
sufficient magnitude to sustain prices under
the liberal general selling, and a recession of
1Z915c resul ed, and the market closed weak at
INSIDE figures.
Mess pork-Trading in futures was of small
volume. and nothing was done in deliveries
this side of May. The market was weaker
ground was fully recovered, and there was q
steady, though extremely light closing.
Lard was quite weak, as there were liberal
offerings of May and the deferred futures and
PIC. -
Short rib sides-A moderate amount of in
terest was displayed, but prices we're weak and
closing figures at bottom.
The leading futures ranged as follows:
WHEAT-No. 2, February. T61s97666751s@
75zsc; May; IS15@7S1E9T71s@771Sc; July, 1910
767s9761s@761sc.
OARS : No. 2 February l9x@lsH@l9H@
lS75c; May; 2l1s@2lH@2O5SG20ssc: June, 2Osz@
MESS Pork, per bbL-March. SO 7Oas 7OQ
7OQ9 20; May, 81 92l5@9 971S@s sOa9 s.;
June, $40 OO9lO 027z@9 971SQIO 90.
LARD,per 100 bs.-March, IS T211@5 1895 Tx
95 Ia May S S5@5 SF4e@6 s5S6 S71E; June
SHORT RIBS, per 100 fs-May. 81 773574 SO0
7715@I:7T1z; June 81 S5@4 S77l94 S21104 IS
Cash quOIsuons were as follows: Flour quiet
and unchanged. No. spring wheat, 751s@751zc;
No. spring wheat 65Q66c. No red 751zc; No.
corn. TIC. No. 2 oats, lg1z@l915c. No. 2 rye,
4275c. No. barley, 55Q5Tc. No. 1axseed, 81 80.
Prime timothy seed. 81 IS. Mess pork, per
bbl. 50 TOG9 IS. Lard. per 100 lbs, IS 7OQ5 721<
Short RIBS sides Qoose), 81 70. Dry salted
shoulders (boxed), unchanged. Short clear sides
(0oxed), unchanged. Sugars, cut loaf, 7G715c;
granulated. 65sc; standard A. 6ssc Receipts
Flour, Il, 900 barrelsi wheat 1900 bushels: corn
234.OO0 bushels; oats, l4S 900 bushels; rye 1900
bushels: barley. 6SOO0 bushels. Shipments
Flour, 5000 barrels; wheat 1900 bushels; corn,
10000 bushels; oats, l77,oO0 bushels; rye, 900
bushels; barley, 5000 bushels.
On the Produce Exchange to-day the butter
market was firm and unchanged. Eggs,
l49l415c
NEW YoRK-Flour steady and dull. Corn
meal quieti yellow western, 81 2592 SIS. Wheat
active, sS6ssc down and weak. Rye steady;
western, 54956c. Barley steady; western, 4S9
63c; Canada, 59G75c. Barley malt quiet; Can
ada, 721a69Oc. Corn-Spot active, quiet SC
of and weak. 0ats-Spot fairly active and
weaker; options active. Hay quiet and easy.
Hops quiet and easy. Coffee-Options steady
at Is points up; sales, 1920 bags including
February l6s5Sla7Ssc ;ois March lS5O0ls @ SSe;
l645c; July, I6S5@l64Oc; August, l625@l6 S5c;
September, l62OQl63 3Oc; October, 1890; De-
cember, 1eO5Gl6.l5c; spot Rio FIRM and
active; fair c2TgOes, 2oc; No T. ~
iT'' fair refining S 5Iisc; cehtrifugais. $50 test
SIC; sales 446 hogsheads and l6O bags; Jamaica
and Muscovado, so test, 47sc; refined steady;
better demand. Rice fair demand and firm;
domestic, 41$@Ac; Japan. 4H9511c. Cotton
strong; city (S2 for packages) 4ssc. Rosin
quiet; strained, commonsto good, 81 256l Tx
Turpentine quiet at 444Q44kc. Eggs frmeT;
light supply; Western. I654@lTc; receipts. 4S47
packages; easy and quiet. Pork active and
firm. Cutmeats steady picked bellies. 51S@
SIC; picked shoulders, 4ss@415c; picked
hams. S4gsc. Lard easier ;1 and quiet: sales, go
475O tierces; March. s. 06Q6 09, closing at S6 90
asked; April, So l3; May, So E@6 lS closing
at Sc Is bid; June, S6 "a; July, Sc 2S closing at
Butter quiet; State dairy, S@lsc; Elgin, 2S@
2S15c: Western dairy, S@l7c; do creamery, &c;
do held, SQl5c; do factory, 54l8c. Cheese
strong and in good demand; Western. 86l0c.
. PHILADELPH1A-Flour weak, with a light
demand. Wheat quiet; no grade, 5OQ55c; re-
jected, 60@70c; fair to good milling wheat 76Q
S5c; prime to fancy. S6G92c: ungraded in grain
depot, Sic; No. 2 red, February, Sl@82c; March,
Sl1a9s211c; April, S215@SS14c; May. Ss719S41Sc
and lower reports from the West; prices
dropped off Nc but at the decline there was
good inquiry for exports; No. mixed and high
mixed on track and in grain depot, 29@291zc;
No. yellow, in grain depot 30c; do in Twentieth
street elevator, Slc; do. on track 30c; No. 8, in
export elevator, SS15c; steamer No. 2yellow, in
grain depot, 3615; steamer IN export elevator.
35c; ungraded mixed. in grain depot, 37c; No. 2
mixed, In export elevator, 35szc; No. high
mixei, IN Twentieth street elevator, 371fc; do,
on track, 37szc; No. 2 yellow, in grain depot,
SSe; No; mixed: February. S2ssgS27zc; March,
Oats a shade firmer, with light demand; No. 3
white 29c; No. white, 301zc; futures quiet but
steady: No. 2 white. February, 2811929c; March,
Butter dull and weak; Pennsylvanla creamery,
extra, 2762Sc: do prints 32G36c. Eggs firm;
Pennsylvania frsts, 1516c.
Observation-Disclosures Of wheat were SO
cars, and shipments 80 cars The demand was
pretty good for cash wheat and most of the
desirable lots went off early, taken chiefly for
local milling. A few cars as usual sold to go
outside, but the demand from that source did
not appear to be urgent. and lew cars OF low
grades sample remained unsold to about the
end of the session. Closing quotations: No.
hard, February and March, TIC; May, 7S12c:
on track, Tie; No. Northern, February and
No. Northern, February, and March, 731<c;
on track, 72Q741Sc.
ST. LOUIS - Flour unchanged. Wheat low
er; the cold weather did not seem TO cause any
uneasiness, but lower cables and weak markets
elsewhere caused a drop and the close was &c
lower for May, and sc lower for July than yes
day; June was neglected; No. red, cash, 761Sc;
March closed at 76c; nominal May, 761zc asked;
August. 7S1zc asked. Corn lower; No. mixed
cash. 245zc; May closed at 255zc; September,
&1s@2Szze asked. Oats quiet; No. 2 cash, 2lc
asked; May, 2O1zc asked. Rye-No. 2 401zc.
Barley-Wtsconsln, 4S@52c asked. Provisions
quiet and unchanged; trading very light.
MILWAUKEE, - Flour unchanged. Wheat
easy; No. spring. on track, cash, 72078c; May,
721zc; No. Northern, soc. Corn firm; No. 8, on
nnNa 1r4lI. %
221zc. Rye steady; No. !, in store. 1910 Barley
quiet; No. 2 in store. 401<o. Provisions quiet.
Pork, So 20 Lard. IS 72<. Cheese steady
cheddars, 9G91zc.