Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-02
MARKETS BY WIRE.
A Rally All Along the Line With Dealings
on a Large scale-Dry Weather
md Uufn vorabIe Crop News

CHICAGO-Trading in wheat was on large
scale again to-day, and there was considerable
excitement during the session, accompanied
by sharp advance in prices. May opened l11C
higher. and advanced &c more, fell back PIG
again advanced 4c and closed &c higher than
yesterday June advanced 45sc and closed
4ssc higher July opened 1011sc higher than
yesterdays closing. advanced A@l7sc more,
eased off slightly. ruled unsettled and closed
about 4c higher than yesterday.
Buying orders came pouring in from all sec
tions the country being again well represented
on the buying side. Local operators traded
more heavily, the wider fluctuations giving
more scope tor speculative ventures. The
course of prices was attended with very sudden
fluctuations. with May at times selling at a
premium and then at discount compared
with June. The chief influence on the market
was the continued dry weather in the North
west and the receipt of unfavorable crop news
from the winter wheat district
There was a large trade in corn and the feel
ing was considerably irmer, the bulk of the
business being at higher prices. The better
tone was actuated largely by the advance in
being a very large amount of changing of all
futures There was an active demand from
local shorts and good general open buying, es-
pecially for July. The market opened at 3S0
day and advanced &c, reacted &c. ruled firm
and closed ssd5Ic higher than yesterday.
There was a decided increase in the volume
of business in oats and a strong tone to the
market. The course of values was influenced
to a considerable degree by tnat of wheat and
corn. Light deliveries and dry weather in the
West. together with brisk demand at higher
prices for futures, caused good buying. espe
cially by shorts. and prices were up %45sc. A
reaction of HGssc followed the advance, but
the market again gathered strength and ad-
vanced higher than before The close was firm
at nearly the outside of the day.
An active trade was reported in mess pork
but prices ruled rather irregular, within a mod
crate range. At the opening the feeling was
rather firm and prices were advanced a@J0c.
Later an easier feeling was developed and
of the session the market was stronger and
prices rallied 4O@5Oc, but extreme figures were
not fully supported.
Quite an active business was transacted In
lard and the market was stronger. Opening
sales were made at about SC advance, which
was followed by further Improvement of IL
G10c, especially on the deferred deliveries.
Later slight reaction occurred, but near the
close more steadiness prevailed and prices ral-
lied again, the market closing comparatively
steady.
Considerable Interest was manifested in ribs
and the feeling was stronger. Sales at the
opening were made at SC advance. and was fol-
lowed by further appreciation of 51774c.
Later there was little more pressure to sell
and prices receded 21a@5c and closed steady.
The leading futures ranged as follows:
WHEAT-No. 2, May, 90094990Q94c: June,
9O4@94@9g24Q9 4Q94c; July. ss14@9ls4 @SS14 4G915sc.
CoRN-No. z May, 933Q325s433 33c; June,
s2A@S31s9S21sGSs1sc; July. SS5s@s4@SS5s9
OATS - No. 2, May. 2424@25AG24Z@25Hc
June; 2e4924A@244G249sc; July, 2415G24sS9
Mess PORK. per bbI.-May, s1s 1O@ls a2h@
l3 00@13 5213: June. Sl3 3Ull3 5OQ13 15Ql3 Az;
.IuIv 2I2 4uID12 60fOI2 o561l2 571[
LARD, per 100 bs:-May.. so 1906 421S@
3Og6 40; June. Sc S71z@6 1906 S711@6 AZ;
July. S. 5Ol6 6O@6 5O@6 57115.
SHORT RIBS. per 100 bs.-May, IS 32H@5 40
as 32]6A15 3715: June, S. 471d@5 521lQ5 471S0
5 AN; July, IS 5714@5 621a@5 5595 81
Cash quotations were as follows: Flour firm;
dealers asking 59lOc advance; No. spring
wheat. s3h@Sie: Nc. 3 spring wheat. 75@S3c;
oats. 25c. No. rye, 49hc. No. 2 barley nominal.
No. l haxseed. 81 As. Prime timothy seed. 81 2S
al 29. Mess pork per bbl, s13 30@l3 s. Lard.
ttloosel, IS s5a5 4o Dry saited shoulders (boxedl
IS 00Q5 %; short clear sides (boxed), IS 75l5 So
Sugars unchanged.
On the Produce Exchange to-day the butter
market was firm and unchanged. Eggs. lie.
, NEW YORK-Flour active; 5@15c higher and
meal steady. Wheat-Spot dull: 21&925lc high
sr and firm; options active and nc higher
closing firm; free buying on absence of con-
.ract deliveries and adverse crop reports. Rye
irm; Western, 5S14G60c. Barley firm: Western,
nominal: Canada, 6Og75c. Barley maIt-Can-
ada, 75@9Oc. Corn-Spot dull and 1@11sc up,
closing firm; options more active, LQ76c up
and strong. Oats-sPot less active; options
and steady. Coffee opens steady and un-
changed to 10 points down; closed steady and
unchanged to points up; sales, 80 $50 bags, in
,luding May, 16ci June. l645@l655c; July, 1885
Ql6.45c: August. l620@l6.35c; September, 1910
Ql6.25c; October, l5S5Ql6c; November, 157Oc;
December. 15.60@l565c; March, 154O@l545: spot
Rio dull and steadl; fair cargoes, Zoe: nominal
lat bean. lS9lSlc. Sugar steady; sales of a
luiet and easy. Molasses = Foreign quiet
md lower: a cargo of Cuba sold at
'0c for 500 test; New Orleans firm. Rice active
md firm. CottonSeed oil strong. TallOw firm
osn 81 firm GTmm9s TO good 81 42S
irm and in moderate demand; Western, I26
4c; receipts, 7,026 packages. Pork strong.
Tut meats quiet and easy. Lard higher, strong
md more active: sales. % tierces; western
500 tierces; May. l6 go. closing at s6 Ga; June
s 20. closing at Sc 75 July, So 74@6 7S, closing
It s6 rs bid: AUGUST s6 80. closing at s6 SO; Sep
ember, Sc 92G6 81, closing at s6 81; October,
05. Butter-Fine active and firm; west
rn dairy. 7@l2c; do creamery. 99l9c: Elgln,
914@20c. Cheese quiet and weak: western 81 |
llOc; new full cream. 9H@10c-
PHILADELPHA-Flour very firm. but quiet. |
strong on bullish speculation |
q Chicago: local prices on options fully 1c high
r. but largely nomina; fair to good mill |
~, 90@95c: prime to choice, 96c@sl 90: un-
raded ih Twentieth street elevator. 94c; No 2 /
ed, MAY, 9i@96c: June, 9S995c; July. sl@93c;
e.; carlots for local trade dull and weak; No. 4 |
liked, in grain depot 35c; No. low mixed. IN
rain depot. &c; No. 8 mixed, on track. 39c;
10. 2 high mixed, in Twentieth street elevator,
Ic: No. 2 mixed spot, in export elevator. 401Sc;
TO- 2 mixed. May. 10000: June, 40@4073c; |
uly, 401%141c; August. 4lG4l14c. Oars-CarlOts
,ore active and firm; No. 3white, in Twentieth
white, in Twentieth street. elevator. 34c; do in
rain depot. 333l@3413c; futures quiet. but ad-
lnced 1@lc; No.2 white. May. S25s9S314c: June.
,sS6324c; July, 3213G33c: August, 2S13GsOc.
,15c.
ST. LOUIS - Flour firm. Wheat higher;
Iarket strong throughout and closed with NAV
). June 2554c. July 31sQSSA, and August 3149
&c above yesterday; No. 2 red cash. SS74c,
,c bid; July S71Sc bid: August, S6HGS635c
id; September, SG5lc bid; December, S8115c bid.
orn sharply higher and strong; No. mixed.
,sh, 311aQ3l5ssc; May closed at Bic; July. 3lh
ID. Oats higher but trading limited; No 2 cash,
&c bid; May closed at 25c bid; July, PFC.
ye-No. 2, 55c bid. Barley-Nothing done.
laxseed nominally 81 4a Provisions firm and
better demand. Pork, Sl3 o. L2rd-Prime
cam, s6 1219c bid.
M LIS-Wheat-Receipts 257 cars;
Iipments, SO cars. The demand for No. i
orthern wheat was pretty good. both for
cal consumption and to go into store. Prices
ere strong and higher in sympathy with the
neral advance in other markets. No. hard
as little slow and generally held at ABOUT nc
,ove No. l Northern. Closing prices: No.
Ird, May, $3.50; June. 9O1sc; July, 9l1sc; on
ack 90c; No. l Northern, May, S91zc; June, ,e0c;
lily. Ole; on track, S912c; No. 2 Northern. May,
C; June. S711c; July, SIC; on track, S5@S6c.
-wheat-Western strong and
gher; No. winter red, spot, ann May, 93c bid;
lily, S9QS9Kc. Corn-Western strong, mixed
OF. 4l1z@41Mc; May and June, 4015c; July, |
1z@4OIc; August 40s1G4lc. Oats active;
estern white, 341z@36c; graded No. white
q Rva eaay. nriine to choice 606R7c Hav /