Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-14
MARKETS BY WIRE.
jack Frost stirs Up the Grain Pit-Almost n
Panic in Corn-May Option the Gem
ter of Inrere.t-Top Prices
Nnt Guafni,oJ

mol sustnlneus
-Wheat-Trading was fairly ac-
tive to-day and prices irregular, ruling higher
at the opening, but Immediately declined, and
closed l4@11ac lower than yesterday. An unu-
sually nervous and feverish feeling existed dur
ing the earlier part Of the season, ,occasioned by
the bad weather in the Northwest; also in SYM
pathy with the advance in corn and to the
failure of an operator who had been largely
short of wheat at lower prices. The opening
was TSl1ac higher than yesterdays closing.
Some STOP loss orders were executed, as the re-
ported failure alluded to led some to believe
that prices would be advanced thereby under
pressure to cover. But the offerings became
very heavy, and then it also became known
that the party in question. as well as Others
had covered most Of their short wheat yester-
day. This left the market without any sup
port. and under large offerings rapid decline
followed. Prices receding about 21zc, recovered
slightly, eased off again, and closed about 1ssQ
12c lower.
Corn-The sensational weather news was the
all-absorbing topic this morning before the
opening. and on the tap of the bell scene of
the widest confusion occurred. The opening
was the most excited and irregular for years.
prices varying &c in different parts of the pit.
The cause of the nervous feeling was due to
reports of frosts throughout the entire corn
belt as far south as Kansas and Missouri.
The failure of a local house tended to create a
very uncertain feeling in the minds of many
operators. and the opening was scene of semi
paric. The trade was all In May, other months
being neglected. and first trades were from
53A@56c, very few at the extreme, only
scattering trades being reported. The bulk of
business being between 54@541ac. After the
wild opening. the market immediately sold off,
there being immense quantities of long prop
erty for sale. good deal of which was unsold
at the limits given. so rapid was the decline.
The market finally closed with a gain of 2s@11c
for near months, and T@1c for May.
Oats were fairly active and unsettled, with
prices confined to moderate range. The
opening was frmer and higher in sympathy
with corn, first sales being ss@36c advance.
May receded &c, but the other deliveries held
steadily. Final sales were at slight gain over
yesterday.
Mess pork-Considerabl interest wass mani
Tested in the market. Opening sales were made
but prices gradually receded 373%@40c. The
market closed tame at inside figures.
Lard-A moderate trade was reported. Open
ing sales were made at DC advance Later
prices receded 71aQ1Oc, and closed rather tame
at inside figures.
s<for short ribs sides quite good business was
transacted.
The leading FUTURES ranged as follows,
WHEAT-No. 2 September. 81 04@1 0f6@
81 Ol1l@l O1Ac: December, ST O6s4GgI 07IQ
1 0414@1 0433ss; May, 81 l054@l 1l@1 OSsss@1 6Ss5
CoRN-No. z September. 5l@5l@49115 @49ssc;
October. 5l@5l@4sK@5Oc; May, 5914@56654z@
oATs-No. 2, September, ssa3s@aN@Sz<c.
October. SS03S@S7A@Ssc; May. 4l1694IK@46%
@4lc.
MESS PORK. per bbl.-October, $40 O0@l0 o5
@l0 O0Q10 OH; January, sl2 50@l2 5O9i2 lO0
z 10; May SIS 1O@l3 1O@i2 7215@l2 7s1% avg
LARD, per 100 bs.-October, ,S6 321S606 321S06 20
at 80: January. S. S213@6 S2%G6 7215@6 721S;
May. 81 15@7 15Q7 1211SG7 1215.
SHORT RIBS, per 100 fs.-October. S. 571hO
5 57115@5 4212@5 4211: January. S6 OO@6 OO@5 IS
Q5 S711a: May. 81 271lG6 2711@6 25@6 III
Cash quoJaIlons were as follows:
Flour steady and unchanged. No. 2 spring
O. 3 SDrinO
No. 2 red. ST OH; No. corn, 495Sc; No
oats. .37Ac. No.2 rye, 6l@61Hc. No2 bariey.771Ic
No: | faxseed. 81 A. Prime timothy seed,
ST 25@l 26 Mess pork per Dbl, $40 90 Lard per
100 lbs, S8 2713@6 80. Short rib sides, loose
IS 4O@5 so; dry salted shoulders. boxed, IS 756
5 S715; short clear sides, boxed, S. SO05 g0
No. white oats, 3S15GS914c: No. white, 361S@
&c.,
market was quiet and unchanged. Eggs 1890
l7c