Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-01
MARKETS BY WIRE.
Wheat Braces Up on a Bullish Crop Re-
port Corn and Oats Score an
Advnuce-Pork Active

numerous and Notwithstanding a prominent
trader sold very freely, the market held up and
advanced steadily from the opening There
was a general buying movement in which the
country was well represented. The opening
was about the same as yesterdays closing, and
prices were advanced with only slight fiuctua-
tions lLsc for July. then eased of some,
again rallied and closed about lc higher than
yesterday. June advanced l4c and closed lSsc
higher, and May advanced &c, closing &c
higher than yesterday.
The principal factor in the market was the
bullisf crop report of the Farmers Reuieto, as
sent in these dispatches last night. The
weather in the Northwest is reported dry and
warm, and that rain would pc oenenclai. Inc
influences mentioned induced some active
covering by shorts and general buying. What
puzzled operators was that a prominent trader
who had been identified with the long SIDE
should have sold so freely, and in spite OF this
the market advanced rapidly. 1t fully de-
monstrated that one-man lower Is OF no avail
nowadays against movement, De II ouylng OF
selling, in which the public is interested
Corn was traded in to a considerable extent,
though most of the business consisted in
changing Nav to the more deferred deliveries,
particularly July, at difference OF HGlc. The
feeling early in the day around the opening
1t opened a shade under yesterdays closing;
gradually sold up 1s@Hc, ruled steady and
closed 1s@lIc better than yesterday.
Oats were stronger. and advanced A0Sc,a and
closed steady at full outside figures. There was
less pressure to sell, and quite good demand
from shorts, who absorbed the offerings freely.
Trading in pork was more active, and prices
were decidedly higher, although outside prices
were not fully supported. The feeling was un-
settled. and prices were irregular within mod
crate range. They advanced N@25c, and the
market closed steady at medium figures.
Quite an active business was transacted in
short ribs. The feeling was stronger and prices
were advanced lO@l211c and the Improvement
was fairly well supported.
fo;r fra 10 W. IN
a stronger feeling developed. Prices we're ad-
vanced 715@lOc, and the appreciation was mod
era;ely well supported
The leading futures ranged as follows:
WnEAT-No 2 April $50 s1s9ssHGSsc;
S9s75c; Juiy. s615@S7ss9S614@ 4@s7sSc.
MSS oSHfVNS Ag5 Safs esssss2S
Oars . No. 2. May. 24H@245z@24H@245Sc;
55I June; 2S5s924A@2sA@2414c; July, 2Ss4@241s@
: Mss PoRk, per bsI;-May; sls OO@ls Esq
July, sl3 221a@lS 5O@lS 20SlS 30.
sEP a Rs june loG s. sS sss ss sSs s6s s. S 5as
S. S75%66 4516 371S@6 As.
SHORT RIBS. per 100 bs.-May. IS 2OG5 80
as 2Otp5 80; June. IS S21a@5 1896 3211@
Cash quotations were as follows: Flour firm
and unchanged. No. spring wheat 8S34@S9c;
No spring wheat. 75@Slc; No. red. SS34@S9c;
No. corn. S2Ac. No. oats. 2415e; No. Frye,
4Sc. No. 2 barley nominal. No. l fax
seed. 81 As. Prime timothy seed 81 80. Mess pork
per Dbl. SIS 00@l3 10. Lard. per loo lbs S6 2715.
Short ribs sides uoosel, IS 25G5 35; dry salted
shoulders (boxed) IS 0O@5 25; short clear sides
tboxed). IS 1906 SO Sugars unchanged.
On the Produce Exchange TO-DAY the butter
market was firm and unchanged. Eggs, lie.
NEW YoRk-Flour-Best grades steadier;
low grades moderately active. Cornmeal quiet.
Wheat-Spot inactive: held &c higher, closing
firm; options fairly active on crop news and
warmer weather, closing strong. Rye firm.
Barley firm. Barley malt quiet. Corn-Spot
fairly active and zGlAc higher: options mod
Oats-Spot closed firm; fair demand; options
active, 5000 up and strong. Hay steady.
Hops steady and quiet. Coffee-Options 5@I0c
sales, so. 800 bags, including May, 166Oal665c;
June. l6.45Gl655c; July, 1635@l6 45c: August,
l62O@l6.30c; September, l61G@6.25c: October,
ary I55O@la55: spot Rio quiet; fair
cargoes zoe: nominal 1S1s9lSAc. su-
gar-Raw steady; refined quiet and easy.
Molasses-Foreign easy; New Orleans strong.
firm; crude. S3c. Tallow steady; city (s2 for
packages). 80 ll6c. Rosin strong. Turpcntine
steady and quiet: sales at 3Sc. Eggs easy and in
fair ali. demand; Western, l24@l215c; receipts,
Sl2 25@l2 IS: do. new, sl4 0O@l4 Is; extra prime,
Sll 90. Cut meats dull and easy; picked bel
lies; 5H@6c; do shoulders. 53sc; do hams, 81
western steam, S6 ST. options, sales. 1900
tierces; May. Sc 81; June, s6 80 bid: July, S. 81
@6 AZ, closing at S6 II bid; August S6 so, clos
ing at s6 so asked: September. s6 81: October,
So Sc. cosin~ at Sc go asked. Butter firm; west
ern dairy, 7@l2c; do creamery. 9@l9c; Elgin,
l9k@20c. Cheese quiet and easy: western, 81
@lOc; new full cream, lO@l0Ac.
PHILADELPHIA-Flourq quiet Wheat ruled
firm in sympathy with the West; local prices
were largely nominal; rejected, l72@77c; fair to
good milling. SS094c: prime to choice, 96@99c;
steamer. No 2 red in grain depot, Soc; prime
ungraded. in grain depot, 96c; No. red. April,
Gle. Corn-Options k@1fc lower; carlots for
local trade quiet but steady; No. mixed, on
track, SIC; No. mixed. on track. SOC; No. 2
high mixed, in Twentieth street elevator,
4l1!c: No. mixed spot in export elevator. 1870;
No. mixed. April. 3s12@59s4c May. 39115 @S95Sc;
June. 391z @391Sc; July. 391$GD40c. Oats-Cariots
steady; No. 8 white, in Twentieth street ele-
whe sreet eeTato ssc DO
grain depot. sac; futures dull: No. . white
April, 33G3354c: May, 3l54@S2c; June 3l5S@S2c;
July, S2G2214c. Eggs steady and quiet; Penn
sylvania firsts, I213c.
MINNEAPOLIS-The posted receipts of wheat
for the day were 372 cars; shipments. 42 cars.
The demand for cash wheat was pretty good to-
dav- Local miilers were more disposed to buy
and bought considerable wheat. Elevator COM
panies we're picking up little wheat and with
some taken for outside account a pretty satis-
factory business was run up during the day.
Prices were steady and confined within about
the same general range as yesterday, though
less wheat was sold at the under figures. Clos.
ing quotations: No. / hard, April, SEC; Nav,
S61sc: July. SSc; on track, size; No. Northern
S6c; May, SEC; July. size; on track, S615c; No 2
Northern. April, SIC; May, SIC; July, SS11Sc; on
track, SIC.
ST. loUlS-Flour quiet and unchanged.
Wheat higher; the tendency was upward
throughout and the close saw May lL July l%
and august above yesterday; No. red
cash. SIC bid Nav closed at $3.50; July, S3I
@S4c; August S3c asked September S93Ic
bid; December. S534c bid. Corn higher in svm-
pathy with wheat; No. mixed cash, ,30s<@30szc;
May closed at at2914@295sc; July, 30sSc; August,
Bic. Oats higher but trading light; No. 2 cash,
254c bid; May closed at 243lc; July, 2SA923Tc.
Rve-No. SIC bid. Barley-No demand. Pro-
visions dull. Pork held at Sl3 OO@lS 25. Lard
Prime steam &c bid.
BALTIMORE - Wheat - Western strong.
No. winter red, spot, April and MAY, 921Sc;
July, S71SGS71xc. Corn-Western firm, mixed
$3.50; July, 3934 @40c; August 40@401<c; steamer.
$3.50 Oats firm: white, ,34@35c; do. mixed 32633c;
graded No. white, 3413Q35c. Rye firm and
unchanged. Provisions active and unchanged,
Other articles unchanged.
MILWhUkEE-Flour trm Wheat firm: No.
z spring, on track, cash, S3GS5c; May, No.
Northern, 9Oc. Corn, No. s. on track. sc. Oats
nrm; NO. z white, on track, 271f6273zc. Rye
easier; No. 1. In store, Sic. Barley quiet; No.
in store, 445zQ45c. Provisions firmer. Pork,
Sl3 Is. Lard, S6 25 Cheese steady; cheddars,
9A@l0c.
ToLEDO-wheat dull and firm; cash. sO1<0
901zc; May, 90}4c: July. SIC: August. S55Sc. Corn
dull and steady; cash, 331zc: May, 32szc: August,
IN of aAr. oh lNlnxr