Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-12
MARKETS BY WIRE.
Another Day of Excitement in the Wheat
PIT, Duo to the Government Crop
Report Other Commodities
Show More Life.


PIT. Duo to the Government Crop
Report Other Commodities
/ Show More Life.
CHIcAGo-The wheat market was active to-
day. with large business, and trading was too
general for any individual operator to control
prices. Fluctuations covered wide range,
and advances and declines followed in rapid sue
cession, with the range considerably higher
than yesterday. A prominent local operator
was reported as being persistent buyer most
Of the day; at the same time there was very
general realizing on the advance. The opening
was 1AG2c higher than closing figures yester-
day, and Immediately sold of ss@5sc under
free offerings. rallied 11s@1Ic. then declined
Nc, again rallied sharply lc, ruled irregular
and closed 25zc higher for May, 274c higher for
June and PC higher for Jnly, than closing
figures on Change yesterday.
From opening to close the market was in
constant state of excitement. The overnight
advance from closing yesterday to opening to-
day stopped good many stop limits and was
unsatisfactory to parties having such orders.
The sudden and sharp turn in the market was
wholly due to the Government report which
was made public this afternoon, estimating the
average condition of Western wheat over the
entire area at 81 against 81 same date last year.
On this basis, and taking into consideration
the increased acreage, the crop would indicate
yield of about 81, 600 900 bushels less than last
year.
Corn-A good general trade was reported.
prices fuctuating within 1aG5sc range. The
feeling was on the whole frmer. due almost en-
tirely to the sharp advance in wheat. At out
side prices some outside selling orders came on
the market for May at BIC and July at 331sc,
and as the local crowd was long the market re-
acted, losing most of the early advance. The
market opened fairly active and firm. and
under good local demand advanced RG2Sc.
sold off, as noted above, and ruled irmer, clos
ing Hl5Sc better than yesterday.
There was good trade in oats, but the ag-
gregate fell below that witnessed Tor several
days past. Prices also held within a narrow
range. The feeling. however, was fTmer, and
closing sales showed a net advance of H@7sc
over those of yesterday.
A very brisk trade was reported in pork and
appeared TO be from miscellaneous sources.
The feeling was strong throughout the greater
portion of the day. Opening sales were made
at &c advance. and was gradually followed by
an advance of SC, with active buying at the ad-
vancing scale. Outside prices were not fully
supported, though the market closed strong.
Quite good business was done in lard.
Prices advanced 2h95c, and the advance was
fairly well supported.
A brisk trade was reported in short ribs.
Prices advanced 5@I75c, and the market closed
steady.
The leading futures ranged as follows:
WHsAT@ApIIl: NS; s5gs49sSgsMic; g rs
Nay sissasssslHSsiNe; sEi5Sssss July. SssssSsssS
oSTss@s;Ne, M Nay g.. 2s1@S'a@92gsAg2s2sc; @9sA
-ss7ai MGss PORK. per bbl.-May, sll 95ar1 500
10 95@ll 47h; June. Sll O5@ll 6O@lO 05Qll 5711;
LARD per 100 S.-May. ss 25@s BUGS 22k@
"a 55ja 5ane ss s749s s2496 27a96 s21 July,
SHGapT T RIS S1DEESS no. 11no Hs-Mov s5 ao0
5 3715Q5 3214@5 IS; June. s5 S71525 4215@5 BIZ
@5 40; July, IS 45@5 1895 4O05 40.
Cash quotations were as follows: Flour
in moderate demand and 5@10c higher No 2
nc: No. red s114@s414c. No. corn. 3l14c.
No. 2 oats, 23@23Ac. No. rye, 46@47c. No.
2 barley. nominal. No. l faxseed. 81 40. Prime
Sin m9sey @ sesd & a4 SS @ @ @i us pssk 81 per s56 S6
RIBS sides uoosel, s. sOQ5 IS; dry salted
shoulders (boxed), 81 1904 80; short clear sides
(boxedl. IS 6O@5 70. sugar-Unchanged. Re-
els: corn, 13l. 900 bushels; oats, 7S,OO0 bushels;
rye, 1000 bushels; barley. H.00O bushels. Ship
ments-Flour. 1900 barrels: wheat, 2l00O0
bushels: corn. 457 900 bushels; oats, 26l, 600
bushels; rye. 1000 bushels; barley. 10000 BUSH
els.
On the Produce Exchange to-day the butter
market was weak; fancy Elgin creamery, 100
finest diaries. l4@l6c; tne. l1@lSc. Eggs.
steady.
NEW Y0RK-Flour stronger with an active
export and trade demand. Cornmeal quiet.
Wheat-Spot fairly active. strong and l14@2c
up; Chicago exporters buying: options closed
strong. at 2G213c over yesterday on a remarka-
bly, large business, buying orders from all on
the Government crop report and additional
crop news. Rye firm; Western. 57Q5S1ac. Bar;
ley malt steady. Corn-Spot actIye and
higher; options moderately active, Ac up and
firm. Oats-Spot frmer and moderately active:
options firmer and quiet. Hay steady and
rt,iat CnfYan mad
changed to Is points up; closed steady; un-
changed to points up; sales, 43. $50 bags, in
cluding April: lI.85Q7,75c:: NAV. H.5O9l7.55c;
l7.OO@l7. Csc; Septen ber, 16SO@ l6 sOc; October,
1850 I6 75c. November, I6.400l6.55c; Decem-
ber l635@l6.45c; January, 1880; February
1886; spot Rio steady, fairly active; fair car
Raw firm and fair demand; sales. F2OO
bags; centrifugal, $50 test, l332@5 5-l8c
cargo of do for Boston at Ll6c and F;
1000 bags molasses, so test. at 4.44c: re-
fined more actIve and firm: of, 515G5 I5-I6c;
mold "A" 6Isc; powdered, 6 5-16c. Molasses
Foreign steady; New Orleans steady. Rice
in good demand and firm; Cottonseed oil
strong Tallow steady. Rosin firm. Tur-
pentIne quiet and weak at 42@4214c. Eggs
firm and in fair demand; Western. l9Gl21lc; re-
ceipts. 3S7 packages: Pork firm: mess. old,
sil 25@Il so: do. new, s12 OO912 80; extra prime.
SO 1910 %; curmeats firm; picked shoulders,
Sc; middles strong:short clear Sc Us. Lard active
speculation; dull spot; Western steam. Sc 60;
tierces APRIL s6 So bd:May.s8 52G6 IS, closing at
S6 5S bid: June. S. 81; July, S6 646 &c. closing at
Sc SO; August. s6 70; September. s6 77@S6 80.
closing at IS II bid; October, So IS, closing at
S6 81 Butter fairly active and steady; Western
dairy. 7QI3c; do creamery. 10@lSc; do held,
51s0llc; do factory, 4@l3c: Elgin. 191d@20c
Cheese steady and in fair demand.
PHILADELPHIA - Flour strong. Wheat
strong and higher; desirable milling grades
scarce and wanted: rejected, 67Q74c; fair to
good milling. Sl@Sc: prime to fancy. S9@94c;
No 2 red, April. S71l9SSe; May, SS9SS1Sc: June,
8s@SS1lc: July. s7GSSc. Corn 14@13c higher;
on track, 3iG3715c; steamer No. mixed,
on track, She; No. high mixed, in grain
depot 3911c; fancy No. 2 yellow in Twentieth
street elevator 401&c: No. 2 mixed. April, $50
3S15c; May, 3Sl4Q3S34c; June, SS5s939c; July.
3ylI@393lc. Oats firm; car lots generally held
nc higher: No. 8 white. 32@3219c; regular No.
2held at 3315c; No. white clipped. 33@331%c;
firm: No. white. April, 32@3216c: May. 304@
8lIc; June, 30515@31c; July, 3Ua4G3l4c. Butter
ouiet and easy; Pennsylvania creamery extra,
l96l20c; do extra. 26@30c. Eggs firmer; Pennsyl-
vania frsts. l2@l21ac.
ST. LOUIS-Flour very firm, in sympathy
with wheat, but business excited by higher
prices asked. Whear-The report of higher
cables and generally light receipts sharply ad-
vanced prices; the market was very nervous
and unsettled at times, with wide fluctuations,
but active. and large business was done: the
close was firm. with May SEC, and July and Au-
gust 23lc above yesterday; No. 2 red cash,
July SIGS2%c, closed ut Sl3Ic; August. Stl1IGl
SIC, closed at Sl3sc asked. Corn-Cash scarce
and higher; No. mixed cash, 2914; options
irregularly higher for May, but other months