Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-21
MARKETS BY WIRE.
An Early Decline In Whent Followed by n
Rally - Operators Afraid TO Go
short - Corn and Oats

An Early Decline In Wheat Followed By n
Rally - Operators Afraid TO Go
short - Corn and Oats
strougsr-Pork Dali.
chicAoo-wheat-Trade was rather light
to-day. and after lower opening the market
ruled strong and prices steadily advanced. A
feature was the apparently small quantity Of
wheat on sale. The opening was about Nc
lower, but the offerings were readily absorbed.
and prices advanced 2lso for July above the
carly inside hgurel and the closing was nrm
and Nc higher than yesterday.
Tho advance was gradual and there was no
excitement 10 speak Of until prices had reached
the higher figures. when operators began 10
show some nneAsinesL The early decline was
due partially 10 the weakness IN foreign mar
EetA, tho increasing quantity on ocean passage
and tho warm weather here. hut prominent
trader had buyers taking what wheat there was
for sale, Bad crop news were again repeated,
and bullish reports came from 81 Louis, nnder
which combination of circumstances prices Ad
Vhnoed. The fact In operators are AFRAID 10
sell short, fearing manipulation
Corn was traded in 10 fair extent, the
@as bu, reSeynG sIr GonSn@ss %srs Limited !"
80 range. The early developments were rather
weak. and the market opened shade lower
than yesterdays closing prices, and under free
some, Influenced largely by the heavy arrivals.
Prices hrmed some and sold up Nc after the
early weakness, some OF the local crowd, who
sold early. covering. Final quotations we're
Lc better than yesterday.
Oats were active but quite weak at the open.
ing. owing 10 large receipts Buyers, however,
came in freely, and the offerings being moder-
ate, the feeling was changed to one OF
strength. Prices advanced M@lo for the near
deliveries. The more deferred futures were
also stronger and shade higher. there being
better demand for them. The market closed
arm at about outside prices.
Very little business was transacted IN pork.
Prices were 5QlCc higher, and the market
closed steady at outside figures.
a quiet and dull feeling prevailed in lard.
Prices averaged about 2hc lower, and the
Trading in short ribs was only moderate, and
there we're no changes to note in prices.
The leading futures ranged as follows:
June, s294Gs5gs2sl lae5c; July, S21<Gs45ss9s25i
CoRS-No. z May, ssA@sss6@sslG lGsskc;
June: S81s@SS1l GSS1sGSS><c; July ss,sgS449
0STsNSo. 2 May. 27@2s@a@HXc: June,
25s4@264@254 G261sc; July, 25AG263sG25s4@
s Msss sS r0zS BE- per sa sGgaf s2 sS 80 @ 2as aa a e.
August, sl2 55Gl2 571k@l2 55@l2 s.
LARD. per 100 Ds.-June. So 2O96 2211@6 200
6 PA July g 9O@6 S21l: September, IS 500
SHORT RIBS, per 100 bs.-June. IS sO@5 s2H
@S 30@5 32h; July. S 1906 As; September,
s. 571l@5 6O@5 571l95 60.
kEWI0Rk-Flour moderately, active and
irregular. Cornueal quiet Wheat-Spot
quiet; closing higher; options moderately &C;
lss@2c above yesterday; " est buying here; bad
crop accounts from Kentucky and Tennessee.
Rye quiet. Barley quiet; Western, nominal;
Canada. 6O9T21c. Barley malt quiet; Canada,
COrD-SDOt lower irraCular
erately active: closing steady: options dull and
UNCHANGED TO Ac higher. oats-Spot fairly &C
tive and unsettled; closing firm; options less
active and higher. Hay-FIrm and fair de-
mand. Hops-Firmer and quiet. Coffee-Op-
tions opened barely steady at 10 points down
to 10 points up; closed steady at 5Q2O points up;
June. l6.l0@l6l5c; July, l60O@l6 10c; August
l5S5Gl60Oc; September, l5S0Gl5 Csc; October
Is 50Ql5.65c; December, Is. l5@l5 35c; February,
Bose; March, 1900 cisPotRio dull and stead
5OS9 bags of centrifugal s6o test at SIC; refined
quiet. Molasses-Foreign quiet; New Orleans
oil firm. Tallow quiet. Eggs firm and fair
demand; Western. 144@l111c; receipts. 66l3
packages Pork quiet; mess, Sl3 25Ql4 %;
extra prime, sll o. Cutmeats dull and weak;
picked bellies, 51s@ysc; do. shoulders, SC; do.
hams, 95z@l0c. Middles weak; short clear,
Sc Is. Lard weak and dull; Western steam,
Sc IS; options, sales $500 tIerces; June, Sc 46;
y.
8 IS. closing So "a; October, Sc "a Butter lower;
quiet: large supplies; Western dairy, 8@l1c; do
creamery, 69l51fc; ElgIn. 16@l61c. Cheese
about steady; supplies taken up; part skins,
4G611c.
PHILADELPHIA-whea dull, prices un-
changed, Corn-Options weak and declined
szG1Sc; car lots firm but quiet; No. high
mixed on track 4lc: No. mixed, on track l2c;
No; steamer. S954c in export elevator, and at
ilG42c in grain depot; No. mixed and high
mixed in grain depot, 43Ge431Sc; No. 2 mixed.
May 4Osz94lc; June, 4O9Sas0ssc; July. 4O1S@
l01c;, August 4lg4lhc; oa.s-Csr lots de;
G3Gc; do clipped, 3e11c;. futures dull and Ilc
ower: No. 2 white, May 34Sz035lzc; June,
~ 4GS4lc; July, sS%GSllc: August, SoSl@
Ill4c. Provisions-In fair jobblng demand at
aylyania creamery, extra. l6ci do prime extra,
lDG2Ic. Eggs dull ana easy; Pennsylvania
hrsts. li@l41Sc. Cheese dull and weaker;
part skitnr, Ba7c.
ST louIs-wheAt opened 70 of and do.
rlined l4c more, then reacted and advanced &c |
above the lowest early sale, eased of again and
closed at le Tor August, nc for July. and llIe
l1e Tor December above Yesterday. No, 2 red,
,ash, eisfc; July ses14@elAc, closed at eo>Sc; |
lls& &@9SI4e, closed at 93Ic. Corn-Cash lower; |
options opened n fraction of, then advanced |
md closed d. i1+asSe higher than yesterdays May
closed at S21sci july S2sss(QS2l<c August S2JHc;
options lower, but recovered aud closed same
rs yesterday. Rye slow at &c bid. Barley
nominal. Flaxseed nominal At 81 %. Bagging |
md iron cottonties unchanged. Provisions |
Easy and slow. Pork In job lots, spring packed. |
~ 90: standard mess Sl2 So Lard nominal at |
5 9Oq6 90 for butcher grades.
Cash quotations we're as follows: Flour firm |
Ind unchanged: No. spring wheat 94(995c; |
No. spring wheat. 794SSc; Nm. 2 red, 94Q95c; |
No. corn, 3315c: No. 2 oats. 275kc; No. rye, |
&c; No. harley, nominal; No. fax seed, |
Il AZ; prime timothy seed. 81 80 Mess pork, |
Der bbl, sl2 20. Lard, per 100 lbs. Sc 90 Short |
lers (boxedl, s5 lO@5 20; short clear sides |
boxed), s. 1895 IS. Sugars unchanged. No. |
white oats, 29Q2S3zc; No. white, 2s1I9Zac.
On the Produce Exchange to-day the butter |
market was easier: fancy separator, l5@l516c;
inest creameries, l415Gl5c; finest dairles, |
018@l215c; fine, SGl0c. Eggs, l2Ql2Hc.
MIhNEAP OllS-Receipts of wheat lib ears
With 20 cars shipped out. Local millers bought |
Tery sparingly to-day. Elevator companies |
we're good BUYERS of No. Northern at lie un. |
Ter the ruling price of the July future, Tho |
offerings were comparatively small No. hard |
vas very dull and very difficult to sell at much
( any, premium over No. Northern Closing |
prices: July, 9isSc; on track; 93c; No. / North
I'm, May Slc; June. 9l1sc; July, 93c; on track,
nc; No. Northern, May, Sc; June, Syc; July
'Oc: on track SSQS9c
MILWAUkEE-Flour dull. Wheat unsettled:
No. spring. on track, cash, S9@e2c; JULY 9IsIc:
No. Northern, voc. Corn steadier; No. g. on I
rack, 35c. Rye steady; No. l. IN store, 5S1c. |
Barley firm; No. 2 in store 49l501Sc, Proyis- |
ons steadier. Pork, sl2 10. Lard. S62o. Cheese
over; cheddars. 99lOc
ToIEDo-Wheat dull, but firm; cash and
Nay, 94c; July. 9318c; August 927Sc Corn ouiet
cta dv. Ma