Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-11
MARKETS BY WIRE.
Whent Active Rud Excited-It Advances
Early, but Lets Go Lnter-Sensn.
rionnI Reports nj the Bot.

iness was again transacted in wheat To-Day
with local operators trading freely and OUTSIDE
orders also numerous Some business was also
doing by parties having foreign clientage The
feeling was decldedly unsettled and nervous
due entirely to the uncertainty Of the Govern
ment crop report. Even should the report be
unfavorable, it was feared that break might
occur, as there has been no doubt great deal
Of wheat brought to sell on the strength Of an
unfavorable report. Hence some traders com
menced to sell to-day. Some of the largest
buyers yesterday were reported as being the
heaviest sellers to-day. At the same time
there was active buying, and prices nuctuated
frequently.
The market opened excited and prices were
lzc higher being in part a continuation OF the
bullish feeling which prevailed yesterday. The
demand was good and shorts covered. But the
advance also brought out heavy offerings, un-
der which prices declined l@l14c for the vari-
Gus deliveries, and then recovered 5s9s4c. held
steady for awhile eased Off and closed about
sc lower for May. sc lower for June and &c
lower for July than the closing figures OF yes
terday Cable advices were rather more en-
couraCing to holders
Foreign reports generally indicate good crops,
though India is reported somewhat short, and
private cable estimating the crop 10 to ~ per
cent less than an average, or about oO,oeuOOO
bushels less than the average OF the past nve
years. Home crop news was rather bad from
most sections in Indiana, Illinois and Michigan.
The fly was reported as doing some damage in
Indiana. Some contradictory adylces were re-
ceived about crop damage. reports being re-
ceived to-day from private source that some
wheat which had looked winter-killed had start
ed growing again.
this market. the volume of business being
heavy, the bulk of which occurred early in the
session. The feeling prevailing was nervous and
unsettled prices fiuctuating from within MG7sc
hnr ha rEat nm ha yNh WAS yvaa X
er, and the bulk of business being at low
range. The reaction in wheat. together with
more favorable weather. were the chief factors
to effect values, and local longs sold out. A
large local speculator was free seller. The
market opened excited and irregular, prices
varying considerably in various parts of the pit,
sold off corn followed, and prices declined
quickly ss@1sc rallied little, became easy,
and closed 15G5sc lower than yesterday.
Oats were active but unsettled. Shorts have
bought freely Of late. and after sharp furry at
the opening, when prices advanced sc for May
and &c for July, turn occurred. There was a
great desire on the part of holders to realize.
and also a good deal of selling for interior
Buying orders were also received, but the sell
ing was larger than the ability of buyers to
absorb. A weak feeling developed, and prices
declined l1s@HIc. reacted slightly, but closed
steady at 1zg5sc below the last sales of yester-
day.
A brisk trade was reported in pork, and the
portion of the day. Prices ruled somewhat
irregular, but advanced 171s@20c and the ap-
probation was fairly well supported to the
close.
A moderate business was transacted in lard,
and the market exhibited considerable
strength. Prices, however, ruled only slightly
higher.
Quite a good trade was reported in ribs, and
the market ruled stronger. Prices were ad-
vanced 5971ac, and the appreciation was well
supported.
The leading futures ranged as follows:
uSy WHnATARTi Sg s2
CoRN.No. 2 AprIl. 3l1s@3lssGSoh@SOhc;
May. N; ,,o oSl5s@a21sGal4@Sl14c; July. SasgSss0
GSTsSSo , Mag. 22z5a2ll l@28a2sHc; June,
249si5sIss;e123c; July. $z@24G GGssaS5fsc
MESS PORK, per bbI.-May $40 70Nl0 500
10 7OQlO So: June, $40 S0@ll 0O9l0 SO@ll 90;
July, $40 90@ll l0@l0 901ll TO-
s6 S21a@6 3216@6 30@6 3211SS.
SHORT RIB SIDES. per 100 bs.-May. IS 25@
S S21505 2215Q5 By; June. IS 3O@5 S71I@5 9OQ
Cash quotations were as follows: Flour
rather dull; dealers in some instances securing
an advance of 59loc. No. spring wheat SIG
No. 2 corn. 3Osslc. No. 2 oats. 23@24c. No.
rye, 4415c. No. barley, nominal. No. fax
seed. 81 A. Prime timothy seed. 81 23@l 23115.
N Mess @ pork per Dbl. $40 S7H Lard, per LOO lbs.
dry salted shoulders [boxedl 81 50G4 60;
short clear sides (boxedf IS Boa5 IS. WHISKY
Distillers' finished goods, per gal, 81 o.
barrels: wheat. 1900 bushels: corn. 25I,OOO
busnels: oats. Ill 600 bushels; rye 5000 bushels:
barley. 240Oo bushels. shipments-Flour. 600
bushels; oats. 2S7, 900 bushels; rye 5000 bush
els; barley. 26,0O0 bushels.
On the Produce Exchange to-day the butter
market was unchanged. Eggs, 1OKc.
NEW Y0RK-Flour active: 59lOc advance
Cornmeal steady. Wheat-Spot unsettled.
closing heavy and dull; options active; T@5Sc
OFF on early months; December, Nc up: August
and September unchanged; closing weak. Rye
Western to arrive. Barley strong; Western. As
@62c; sales 5000 bushels; Canada, 65067c
Barley malt strong. Con-Spot opened strong
er and closed weak and fairly active: options
Oats-Spot easier and less active: options mod
erately active and weaker. Hay quiet and
steady: Hops easy and quiet Coffee-Options
opened barely steady: unchanged to Is points
up; closed steady: unchanged to points up;
sales, 80 $50 bags, including Nav, l7.50Ql7 65c;
June. 17.3OGl7.45c: July. 720@l7 25c; August,
ls e eoaIa cog 1Oc; Septenber dss5gI6 95c; October
Gl6.40c; January l6.2C@l625c; spot Rio steady
and fair demand; fair cargoes, 2OlSc; No. fat |
bean, ls1sc., SugaI.Raw frmer and fairly
060 test, I-sa@a i-i6c. and refined Is better
and steady. Molasses-Foreign dull; New Or |
leans steady. Rice firm and in good demand. |
oil firm Ta0w low ssen1y s Resin
Turpentlne lower and quiet at 421fc. Eggs |
tirmer; Western. 12c; receipts, $3.50 packages. |
Pork nrm and quiet; mess. old, Sll 00@ll 25; do.
an ssqong ri picked bses SI%s se
5000; do hams. l0c; midiles firm; |
short clear, &c; Lard stronger and quiet; West |
ern steam, s6 521S; sales go tieroes; options
So 81; June. S. S. July, 50 s. bid; August s6 70,
closing s6 II; September. so u; octo6er s6 sO@ |
8 81, closing at SO so bid Butter quiet and |
lSc; do held, 51fGllc; do factory, 4@l3c: Elgin,
l915Q20c. Cheese firm and fairly active; West |
ern. l0Ql0Szc.
PHILADELPHIA-Flour firm. and higher. |
straight, 81 1894 so; winter patent 81 5O@5 90; |
clear, IS 1894 TO- do straight, 81. 25@
4 b; DO patent, 70@5 90; do do fat6rite |
brands, S lOG5 10. Wheat firm with fair |
were to great extent nominal; rejected, |
559fS fair to good milling. s0@S6c; prime to |
fancy. sS9sSc; No. red, in Twentieth street !
elevator, S61sc; No red, April, S6H@S7c; May, i
S@s7hc: June, s7@S5c: July. S5Ac Corn. |
Options firm and higher; No mixed in
w ashington street elevator. 35c for local trade;
nssd and s6 high mixed ON Ta TRACK sS
rraln depot, 371193Sc; No. yellow in Twentieth
street elevator. 3915c: No. mixed. April, 373z |
9S74c; May, S71S@Ss1sc; June, Ssll493s155c; July.
S9@391zc. Oats-Car lots firm with fair demand; |
No. 3 white, BIC; do, clipped. 33c; No. white.
&c; No. white clipped, 35c; futures a shade
stronger: No. white, April, 32@3215c; May, 305l
l3l14c; June. 3015G3lc; July, 301sG31c. Butter
lull and weak; Pennsylvania creamery extra,
&c; do prints extra. 26@31c. Eggs dull and un-
ettled; Pennsylvania irsts, ll11@l2c
MiNNEAPolIS-Receipt of wheat for the
asst "a hours were 10 cars; shipments,
% cars. The offerings of cash wheat
rom the sample tables were small, but the
,arly demand was not active, buyers generally
holding back, seeming to lack the necessary
confidence in the situation to pay the higher
prices asked. The futures market was the
main cause for the backwardpess Local