Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-09
MARKETS BY WIRE.
Shnrp Renction In Wheat Due TO Bad
Crcp News-Corn Weaker md Oats
StrouRer-Porlx DuIl nud STEADY.

shnrp Reaction In Wheat Due TO Bad
Crcp News-Corn Weaker md Oats
stronger-Pork Dull md STEADY.
cHIcAG0-A large business was transacted
in wheat to-day, and sharp reaction in prices
occurred. The early market was weak and
prices lower, being a continuation OF the weak
ness of yesterday, but active buying turned the
course of the market upward. The opening
for July was about the same as yesterdays
closing. but weak feeling existed. and under
free offerings prices declined Nc more. Rains
were reported in the Northwest, which stimu-
lated selling. Later numerous brokers CON-
menced to buy, outside orders increased and
prices steadily advanced 3ssc above the inside
figures reached early in the day. Bad crop
news was received from the winter wheat dis
tricts, but as this character of news has already
caused an advance of l5@20c per bushel, many
traders are of the opinion that the effect for
the present has been anticipated.
AdvIces were received that the Cincinnati
Price Current reported the condition Of wheat
In OHIO In lana and Illinois equal to that Of
April /: Missouri and Kentucky not much
changed possibly a slight Improvement and
Kansas and Michigan fair improvement.
serious damage to crops from one cause or an
other at various points in Ohio, Indiana and
Wisconsin. From the Northwest, crop advices
were more favorable.
times the market was somewhat dull. The
feeling developed was stronger, and transac-
tions were at higher prices. Local operators
sold early, in anticipation of another break,
but the demand was better than expected and
offerings were quickly taken. The market
opened rather weak at about nc under yester-
days closing prices. but scored an advance of
%Q11sc during the day, and was steady at the
close at ssG11sc better than yesterday.
The market in oats was steady and at times
very e1clted. Spectators who were free
sellers on Yesterday turned in and bought
heavily. The feature was in May which opened
firm. and advanced 21sc on big miscellaneous
tuying, mostly by shorts. Offerings were not
large and prices were bid up to H54c. The ad-
vance brought out good offerings and prices re-
ceded to &c but again rallied and closed at
net gain of lssc. June and July were active,
the first named advanced lssc and July 1c from
yesterdays close Recessions followed the ad-
vances, but last sales were at almost outside
figures and showed net advance of HQlsSc,
June being the strongest.
There was little more business in pork to-day.
chiefly on local account. Prices averaged
higher, and the marked closed steady at inside
figures.
Rather more was doing in lard and the feel
ing was unsettled. Opening sales were made
at slightly reduced prices, but a drmer feeling
with a fair trade Toward the close the market
was quiet and steady, with prices favoring
buyers.
Short Rips-Considerabl business was traus-
acted. especially in July and September deiv-
cries. Early in the day prices receded 24G5c.
Later prices rallied 711@l0c. Toward the close,
the feeling was easier, and the market closed
quiet at about outside figures.
The leading futures ranged as follows:
WHEAT-No 2 May, 9lG9Q9l495c: June.
ssSsA219s4hesIA0saAc; ssA21a July seI@saA9so7s@
GoRN-No. z May, S8zaa474 74@SsAas41c;
June, a4sla84ss@s816GalsSc; July. 8l1s9852S
OATS No, 2 May. 25za92N@25ssgg74c;
June. 25s9261a9251s@2615c; July, 25@2589
MESS PORK, per bbL-May. s1s OOals 100
l3 OO@l3 %: June. sl3 I0@l3 2O@l3 lO3I3 10;
July. sl3 2oQ13 4O9l3 2OeplS Is.
sH 7ss g't Jun lse Ssa 5ss sas soSs SsSs g. 1S 1as
50 9Oa6 471166 4O@6 49,
SHORT RIBS per 100 bs.-May. IS s5@5 Asa
s515 4o; In sans s:sss s s5H@5 45a5 s711@5 As;
Cash quotations were as follows: Flour firm
and unchanged; No. spring wheat. 94c; No. 8
spring wheat. s5c, nominal; No. red. s5c.
fye Ne 5sac SSsn N H. NJ 6allcs Sa'; soIzs 1 NO No.
f1axseed, 81 H. Prime timothy seed 81 80:
Mess pork per bbl. SIS 10. Lard. per loo lbs.
IS III. Short ribs sides tloose), IS 35@5 As;
dry salted shoulders (bo1edl. IS 0005 10; short
clear sides tboxed). S. 7O@5 rs. Sugars un-
changed.
On the Produce Exchange to-day the butter
market was firm and unchanged. Eggs, lie.
NEW YORK-Flour quiet and held higher.
up, closing firm; options fairly active and If
regular; early LG97Sc down: advanced 21S025lc,
AND and oSssa rm Tsss SS over E,sx
Western, nominal: Canada. 6OG7211c. Barley
malt dull: Canada. 75090c. Corn-Spot more
active and unsettled, closing steady; options
fairly active and stronger. Uats-Spot active,
higher and firm: options active and frmer. Hay
Fair demand and steady. Hops steady
Cofee-Options opened steady. 5Ql0 points up
and closed quiet; sales, 80 500 bag, including
Tnlv
l6.3Oc; Septen. Or, l6OO@@ 05c; October. 15 70
@l575c; December. 1850 Soc: January, Is. .4Oc;
February. 15.3Oc; spot Rio dull and steady; fair
cargoes, 20c; No. fat bean. l77SQlSc. Sugar
Sale 1900 bags: st. Domingo concrete, so fest,
at 43zc: ], 200 bags Trinidad concrete, $50 test
5-16c; 700 bars St. Domingo molaSses, so test,
49l6c; $40 bags Trinidad moasses, $40 test, 5l6c;
all to arrive for export to Canada; refined
dull, weak. Mnlssses, foreign steady: cargo
of Laqua sold at 19c for 500 test; New Orleans
quiet. Rice firm and in gnod demand. Cotton
seed oil firm; crude. 33@34c: yellow. &c. Tai
low steady. ROsin firm. Turpentine spot firm
at 40c: to arrive at 3S71c. Eggs, fancy frmer;
Western. 13A@l915c; receipts, S.6l0 packages.
prime, s11. Cutmeats quiet and easy; iniddles
strong; short clears. So %. Lard easy, closed |
stronger and quiet; Western steam. s6 so bid; |
saIes $50 tierces: options. sales. $50 tierces;
June, IS "a: July. 81 70@6 70, closing at s6 70;
August Sc S0Gp6 81, closing at So 81 bid; Sep |
tember, se 9O@6 80; closing at So 90; october. |
S6 o. closing at Sc 81 bid. Butter moderate |
and in demand Western dairy, 7Ql2c; do cream |
cry s@I6c: Elgln. &c. Cheese quiet and steady; |
Western, S@9Ac.
PHlLADELPHIA-Flour firm but quiet. |
Wheat-Spot quiet and lower; options ruled |
firm. but quotations largely nominal; rejected. |
7207Sc; fair to good milling, S9l9ic: prime to
choice 96c@SI 90; No. red. May, 94695c; /
June, 9211G9314c; July, 9lIG9211c: August, |
yO11G91c. Corn opened q shade lower but sub |
sequently recovered and closed firm; No. 8 /
mixed. track. 39c; steamer No. 2 mixed in
Twentieth street elevator. 40xc: No. 2 yellow,
in Twentieth street elevator, 4311c; No. 2 |
mixed, in grain depot, 4213'.; No. mixed,
May, 4l54042c; June. 4ll494l15c; July. 4l15@ |
4lAc; August. 42G421ac. OaIs strong: good
local trade demand for car lots but very little
speculation: n o. white, 3334@3ic; No. white
choice. 341ac; No. 2 white, 3i54135c; No.
clipped white regular, 3511c; No. 2 white, May.
3414@35c; No. 2wLise; June, S3A9S4c; July, sSl
oslo; August 3Oz331c. Eggs quiet but steady;
Flour, 800 barrels; wheat, 4.SOO bushels; corn,
IO2 500 bushels; oats, is, 500 bushels. Shipments
Wheat. $500 bushels; corn, 10000 bushels;
oats 10. 20O bushels.
ST. LOuIS-Flour strong and generally held
vance. Wheat higher: unfavorable crop re-
ports opened July 3@5sc higher, improving Lc |.
pore and declining %c later; there was a sharp
advance the statement that the Govern
ment report gave lower percentage. and at
the close July was 31s@3Ic, August &c and De-
cember SIC lower than yes serday; No. z red.
cash, 931ac nominal: June closed at 93c nomi-
nal; July. 901sc; August, Soc; September S974c
bid; December. 9l34c asked. Corn higher; No.
mixed, cash. 36c; Nav closed at 3315r; July
33c asked; August 321zc; September, BIC bid.