Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-23
MARKETS BY WIRE.
No Snap In the Wheat Pit-The Early Ad.
vance Lost-Stocks Abrond-More
Life In Hog Products.


CHICAao-Wheat-The volume of trading
was not as large to-day as during the preceding
days of the week, and there was less snap to the
market, but withal the market held its own we'll
during the most of the session. Trading was
largely of the professional order and there was
considerable covering by shorts and some SELL
ing by longs at the advance. The market opened
1sQ14c lower, then ruled firm, advancing 40
nc. again weakened off, selling off to inside
prices, fuctuated and closed about Nc lower
than yesterday.
The early sharp advance was attributed to the
reported large clearances from New York. but
when operators realized that the market had
been bulled two or three times on the expecta-
tion of these cIearances, the market soon eased
off. Late postal adviceS from Europe give the
long side of the market considerable encourage
ment. While the recent low estimate of stocks
at Odessa are not generally credited. it is ad-
mitted that they are less than 5000 600 bushels.
Dornbusch, in an article regarding the wants
of the United Kingdom. estimates that it will
require 70, 000, 900 bushels of foreign wheat to
supply their needs to August 81 ana of this
quantity countries outside of America can
furnish only 42,0O0,0 900 bushels. Crop reports
from abroad were not particularly favorable,
and the outlook in India is rather discouraging.
Corn was traded in to moderate extent and
the undertone was heavy, but the market held
up fairly well, due almost entirely to the
strength in wheat. The market opened at
about the closing prices of yesterday. was
steady for time, then declined nc, became
inactive and closed 14c lower than yesterday.
Oats were quiet and without important fea-
lures, price changes being small. and closing
sales were about the same as on yesterday.
Pork-Trading was quite active and prices
ruled irregular. Shorts bought rather freely
early, and prices were advanced 1O@l21ac. with
quite good business Toward the close prices
rallied and closed steady.
Lard quiet. A good demand from shorts
tended to develop considerable strength early.
l,vor GOD
were somewhat larger later, and the feeling
was easier accompanied with reduction of
21505c, and the market closed steady.
Short rib Substituting was quite brisk.
but settled back again 211aG5c during the latter
part of the session.
The leading futures ranged as follows:
WHEAT-No. 2, March, S0M@S0H@S0@S0c;
May. SO1s@Sl5s@SO2s9SO15c; July, 7S1sG7s3s9
60 CsoRN-No. April. 29h@29%@2I@2sZc;
May, .91s@S6&293s@2954c; July. 3I1s@3lA@3lQ
OArs-No. 2 March, 2l54@2lA@2lZ@21zc;
May. 217sG22GNA@2l7sc; June. 2lhG2lA@
Mess FORK, per bbl.-March. $40 a21k@1o s21S
Sl4 g 9 S90 0Ss S s6 Has o sls s6 a5fS 55 @ ~
LARD. per 100 Bs.-Mareh. s. l21a@6 1215@
ss iHSSa i5Ss I71{a6 i5Ss 17
SHORT o19I RIgs o13 Per lGO ns;@Mareh Mars g @ 7
10: June IS l5a5 1905 1211a@5 I211z.
Cash quotations were as follows. Flour
firm and unchanged. No. 2sprng wheat 1919
7g15c No. q corn. 2S15c. No. 2 oats, 2ls4c.
No. rye. 4215c. No. 2 barley. nominal.
No. faxseed, unchanged. Prime timothy seed.
81 40. Mess pork, per Dbl. $40 371a@10 40 Lard.
per 100 lbs, So 10. Short RIBS sides Qoose),
IS O5@5 10; dry salted shoulders (boxed), 81 400
81 so; short clear sides tboxed). IS 40@5 so.
Sugars-Cut loaf, unchanged. Receipts-Flour,
600 bushels; oats. 100000 bushels; rye, 5000
bushels: barley. $1,000 bushels. Shipments
Flour. 11.0O0 barrels: wheat A,000 bushels;
corn 149 900 bushels; oats l9l 600 bushels; rye,
70. 600 bushels; barley, 1000 bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs. lac.