Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-12
MARKETS BY WIRE.
Bulge In the Grain PIT Caused by the
Government Crop Report Heavy
Business and Everything Higher
-Rnrlr l.nn lin,

Bulge In the Grain PIT Caused by the
Government Crop Report - Henvy
Business and Everything Higher
Pork Looking Up.
cHICAGO-Wheat-Ther was active trading
to-day, and the market was excited, closing 4c
higher than yesterday. The opening was very
unsettled, and greatly excited, with sales
varying %0lc in different parts of the crowd,
and ranged from 2@3c higher than yesterdays
closing, followed by further advance of 10
I1lc, or to 81 O6ss for December. and 81 1016 for
May. or some g4@611c above the inside figures
reached Tuesday. Later the market eased OF
some, declining N0Ssc. held firm, and closed
about 4c higher.
The advance was attributed to the Govern
ment report. The report, while expected to
show further decrease, proved rather a sur
prise to the most sanguine bulls. 1t was gen.
orally supposed that spring wheat would show
lower average, but this was hardly looked for
in winter wheat. The report makes an esti-
mated reduction in the total crop of about
Is, ,O00, 900 bushels, as compared with the August
report Trading was very heavy, both on out
side and local account. Everybody wanted to
buy at the start. The shorts covered freely.
with heavy realizing on the top. On the way
up the offerings were not heavy. and the short
interest experienced some difficulty in exc
cutting their orders without bidding the market
up. Some large lines were covered.
Corn was active and excited the most of the
session, price changes being sharp and frequenr
oped was much stronger and higher prices the
rule on all futures, due almost exclusively to
the Government crop report, which showed
still further decline in condition and indicating
a yield of 1,540 COO. 600 bushels. First trades
were at 1G2c advance without much being
offered, and under active buying from shorts
and for investment another bulge OF 1c imme-
diately followed. There was free realizing by
local longs around Sic and prices receded &c,
rallied. selling up nc, ruled steady and closed
with gain of 334@4c The business was almost
entirely in May and several large short lines
were covered. The reported cold weather in
the Canadian northwest helped the advance.
Oats-An active business was transacted at
decidedly higher range Of prices. The firm
ness and advance in prices was due to the Gov
ernment crop report showing a decline in con-
ditiQn during August Of az points, making the
reduction in the estimated yield from month
ago As, 100000 bushels, and from last year 226,-
OO0,00O First sales were at &c advance. a fur
ther appreciation of l9l15c was recorded, and
after several small fluctuations the market
closed firm at about outside figures.
Mess Pork-Trading was quite active, and
opening sales were made at l0@1211ac advance.
A temporary decline of 21l5c was submitted
to- Later prices rallied, and the improvement
was well t1s to tine sc..
ruled 7150l0c higher and closed comparatively
steady at outside figures.
Short Rib Sides-Tbere was fair business.
Opening sales were at 5@l0c advance. followed
by further improvement of 21&c. Later re-
duction of 214G15c was submitted to. Near the
close prices rallied 59715c, closing at outside
figures.
The leading FUTURES ranged as follows:
WHEAT-No. 2. September. 81 0214@1 0F4@
$40 2ll01 O414c: December. 81 04ssQl 065s@1 043s
@l O654; May 81 os@l lO19@l O9G1 loN:
SOC; % October. 4sae5SSsslS5Oc; Nay. s5S GSS5S1S
OATS oATs-No. 2, September, r0sA@a@aAc;
October, S@SS1s@S9Ss1sc; May. 4OG4l75@4o9
MESS PORK, per bbl. - October, 50 759lO O5
90 75G1O 05; January. sl1 S7150l2 20@n s215@
Il 20; May. sl2 5OGl2 8O@l2 5O9l2 80
May. 81 1oa7 i5@7 lo97 IS "
SHORT RIBS. per 100 Ds.-October. s. 45@
s595 S21S: May. S. 221S06 3O@6 221496 30.
Cash Quotarlons we're as follows:
Flour quiet. with an advance Of 1O@15c
nhsst M 2sPSlnE Nm no SspTRg I
No. oats. 3734; No. white oats. 3Ss4439c; No.
do, 371l@37]1c. No. 2rye. 6e15c. No. 2 barley
75@76c. No. 1 faxseed. 81 AZ. Prime timothy
seed, 81 27. Mess pork per Dbl, $40 90. Lard per
100 lbs So 3O Short rib sides. loose. IS 4O05 so;
dry salted shoulders. boxed, s. 75G5 8714; short
clear sides boxed. s. 70@6 80. Sugars. un-
changed.
On the Produce Exchange to-day the butter
market was dull; extra creameries, sl@22c; ex-
ira 6rsts lS@l9c: extra dairies. l6@17c; extra
frsts, 14Q15c. Eggs firm at l6@l7c.
NEW YORK-Flour stronger, in good de-
higher; options advanced Xc. losing only Kc
by the close; the feeling was bullish, based
upon the unexpected light showing of the
crop by the Government reports of cold
weather West; trading active. Rye quiet and
firm; Western, 67G6Shc. Barley-Strong sales;
&c, 900 bushels Milwaukee to arrive at 74@S0c.
Barley malt dull: country. S5@90c. Corn-SpoL
44c higher. scarce and quiet: options fully By
@331Ic higher on Government light showing of
crops, cold weather West and frightened
shorts. Oats-Spot firm. fairly active and 215
steady and quiet. Hops quiet and firm.
Cofree-Opt1ons opened steady and unchanged; |
to 10 points up. closing steady points down
10 PSasi isse eas sHdRs
1695Gl7:0Oc; December, 1870
@1675c; January: 16.O5c; February. 1870 |
@la75c; March. l5Soe Spot Rio firm and |
Raw dull and nominal; refined. quiet. Mo- |
Orleans. quiet; common to fancy. |
2S@45c. Rice in fair demand; Cotton quiet |
quiet Turpentine steady and quiet at 1910 |
4c. Eggs quiet and rather easy; Western, |
lS15@l915c; receipts. 4,4n packages. Pork |
strong; mess, $l1 25@l2 %; extra prime, SO so |
quiet; Western steam, S. 55 bid; sales, I,lO |
tierces; options sales l5oo @ lisrces; @ September.
80 70; December. S6 so, closing at Sc 8g@6 81 |
bid; January, 81 90. Butter dull and easy;
w estern dairy, 919Q14c; do creamery. 12@28c. |
Cneese stronS, Hsut SAiin, a74UV4c' Onlo
fats, 6@7s4c.
ST. LouIS-Flour easy and steady. Wheat |
The volume of business transacted was
large and the market was excited and higher. |
The opening was 21sc up for December and |
zAc for May, as compared with yesterdays
close. Receipts were light and cables strong /
and higher. From the opening to the close |
both futures advanced steadily with only i'm
material reactions and final figures were "a |
&c above yesterdays; September. 99c bid
early, sold later at 81 20. and closed at 81 021z
bid: October had 81 90 bid early, but at close
81 o. was bid; No. 2 cash, S954c@sl COZ; Octo-
ber, 81 o. bid; December, 81 va bid; Nav,
Fl III bid. Corn-Trading was fair and the !
market strong and higher. The opening was
L0lskc higher due to the same conditions |
that advanced wheat. From the opening the
advance was steady to the close, which was
2Ll3Lc higher: No. 2 cash, 4511c; October,
fIc bid; November, 46ssc and nominal; De-
cember. 1870 and nominal: May, 493s04911c.
trading in May was active and
there was some demand for cash, but other
months were neglected; No; cash, S6c; May,
ilc bid Rye lower; No. 2, 61c bid. Barley |
nujet but firm: Iowa. 75c. Flaxseed. 81 40 |