Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-08
A GOOD BUSINESS
In n Speculative Way in the Chicago
Wheat NIarket-The Buying and Sell.
Ing Pretty Evenly Divided

Ing Pretty Evenly Divided
The Fentures.
CHICAGO. February IA good business was
transacted in a speculative way in the wheat
market to-day, but the volume was not as large
as yesterday. The buying and selling seemed
pretty evenly divided. A considerable portlon
of the business was on outside account Inc
opening was 1S@Lc lower than yesterday on Ac
more, recovered again, selling to outside points
and closed about Zc lower than yesterday. Inc
decline here Yesterday had tendency 70
change the feeling abroad and foreign advices
generally noted quiet and easier tone The
principal weakening feature was the snow
storm, which it is claimed was quite general
over the winter wheat belt
the volume of business being very fair consider
ing the narrow range. The feeling was rather
easier on the general features, while the ols-
tant deliveries ruled rather firm. The market
opened little weaker, a shade under yester-
days closing prices, receivers selling quite
freely which was quickly taken by local opera
tors. The market closed tride lower than
yesterday The cut in rates from Nebraska
points was hardly as much as was generally
anticipated. The cut is equivalent to about
1A@2Hc, and to &c, the outside figure belng
for Western points.
Oats were weaker and q shade lower Trad
ing was considerably lighter, but fair bnsl-
ness transpired. Parties who bought May
yesterday were again moderate purchasers
bought fairly. moderately active trade was
reported in mess pork, and the feeling was un-
settled Prices ruled 719@lOc lower, and the
market closed quiet at medium figures Trad
ing in lard was light and the feeling dull.
Prices inclined in favor of buyers. Only
moderate trade was reported in short ribs. and
the feeling was weak. Prices ruled 273Qoc
lower ana closed tame.
The leading futures ranged as follows:
WHEAT-No. 2 May. 791z@792s@7S15@ @7Szac:
June. 7914@792s7S55s@7S5sc; July, 7754@7AGH@
6oRN-No, 2 March, 29K@2sK92sA@ A@2s75c;
oATs%No; 2 May, 221z922HG24@A2Sc;
June, 225s@2hQ2lY@223Fc. o-laoole
7715@e ~; May. sl0 I2llgl0 is1595 S5@8 IS;
June, $40 1691O 1fa1O 021S6IO O2115<
LARD, per 100 ms. : March, S5 S5G5 IS;
May; s. 9T12@5 s71z95 9711@5 s711; June, So %
SHORT RIBS. per 100 ms. = March, "a 7211@
1894 7215G4 75: May, 81 S711@4 S771@4 S5Q
IS; June, 81 95@4 921f.
Cash quotations were as follows: Flour
unchanged. No. 2 spring wheat, 75c; No. 9
spring wheat 6706Sc; No. 2 red, Toe. No.
corn. 2S5sc. No. 2 oats, 2O15@2lc. No. 2 rye,
48c. No. 2 barley, 55@57c. No. l faxseed,
pork, per bbl, SO 65@9 20. Lard. per 100 lbs,
IS 80 Short ribs sides Qoose), "a 1904 80.
Dry salted shoulders (boxedl unchanged; short
changed. Receipts : Flour, 5000 barrels:
wheat, l40OO bushels: corn, ll5,OOO bushels;
oats, llS,OOO bushels; rye, 5000 bushels; barley,
49, 900 bushels Shipments-Flour, IL 600 barrels;
2Ol 900 bushels; rye, 5000 bushels; barley. 5000
bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs 1Sc.
PHILADELPHIA Flour dull and weak.
Wheat dull; options shade lower in sympathy
with the West but no change in values of de-
sirable milling grades; ungraded in grain de-
pot, S3c; rejected, 6O@70c; fair to good milling
wheat, 7SQ84c; prime to fancy western, SQ92c;
No red, February. so49SO24c; 3, March, SIG
Options 1s@Ac lower; car lots dull and in
buyers favor; No. high mixed, on track, &c;
No. quoted at 3463411; Steamer quoted at
trade trade: No. % mixed % in grain depot DEPOT s75c; No
high mixed, on track, 38c; No. in
export elevator quoted S6lz z@36ssc; No. 2mIxed,
February, 361z@363sc; March, 614G3611c; April
fGGEnsG TS 1nsgTadsd y White S4d $S; do fancy Clipped
3Sc; No white, 29c; No. white, 3Oc; futures
quiet; No. white, February, 29@2915c; March,
2S74@291Sc; April. 2S34@29c; May, 290293sc.
Butter firm; good demand for fns goods: Penn
extra, 33Q36c. Eggs hrmer; PENNSYLVANIA
frsts l318@l4c. Receipts-Flour, 500 barrels;
wheat, 4,50O bushels; corn, 143300 bushels; oats,
{, 500 bushels. Shipm 1000 BUSH
els; corn lilo, 100 bushels; oats, ~ 600 bushels
ST. LoUIs-Flour very quiet but values
steady. Wheat lower: the May option touched
the lowest point to-day yet reached; the close
was weak with May Nc. June about the same
and July l-l6c below yesterday; No. red, cash,
asked: June, 771S@771@c asked; July, 747S@745sc
asked; August, 7475c. Corn lower; No; 2
mixed, cash, 241zc; February closed at 261sc
bid: March, 261lc bid; April, 26sSc bid; May.
279sc bid; July, 1<Q2s99Sc asked; August, 2Szlc
bid. Oats closed firm; No: 2, cash, 2lc bid;
May, 21s4c. Rye-No. 2, 421%c asked, with no
bids. Barley dull; Minnesota, 53c; Wisconsin,
5lc; Iowa, &c. Flaxseed quiet at 81 259l 80
Provisions dull and generally easier.
Is-Wheat-Receipts for the past
"a hours, 290 cars. The demand for spot wheat
was slow, and to sell anything short of the
finest selections considerable concessions had
to be made. Some local millers wanting wheat
declined to buy it even at the small concessions
made. Closing quotations: No. l hard, Febru-
airy, 761$c; March. 1910; May, 7Sc: on track,
TIC; No. Northern, February 1910; March,
76c; May, TIC; on track. 7613@77c; No. 2 North
ern, 767Ic; March, 74c; May, 751lc; on track, 100
FAlLn