Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-28
MARKETS BY WIRE.
Plt-Everything on the Junip-Hog
Products Catch the BulIish In.
fection-Heavy Trading.


Products Catch the BulIish In.
fection-Heavy Trading.
cHicAGO-Wheat-A large business was
transacted and the feeling developed was
nervous and unsettled. Prices changed very
frequently and rapidly. and ruled higher than
the closing figures of yesterday. The opening
was L@3zc higher than yesterday. and prices
advanced 5Sc more, then declined 11zc under an
increased pressure to SELL rallied 14c, huctuated
somewhat and closed about 1sc higher than
yesterday. There was no doubt considerable
realizing on the part of longs, and shorts were
frightened and covered freely on the advance.
Some advices were received claiming that
foreigners were selling at New York. From
the Northwest advices we're received reporting
very hot, dry weather.
Corn-There was another large days busf-
ness transacted in this market and the feeling
developed was but combination of that pre-
vailing for the past few days. and still fur
ther advance was established on all futures.
The influences on the market were about the
same as noted for some time past. namely, tue
continued dry weather and bad crop reports,
small receipts and good shipping demand
Trading was immense, outside orders being
numerous and chiefly buying, and local de-
mand was quite general, both from shorts and
investment. Offerings during the early part OF
the session were small, but after the advance
there was free realizing by local longs, but
offerings were well absorbed and the market
acted very strong. The signal service reported
no rain of consequence in the corn belt, and
",
was reported as cool. The West bought freely
to-day,as also New Y York and the East. Local re-
ceipts were less than anticipated-37O cars. and
for Monday 535 cars are expected good
cash demand continued to prevail notwith-
standing the late sharp advance, though the in
curry was less brisk to-day.
Hog Products-The market attracted more
than usual attention to-day and speculative
trading was quite active. Influenced by the
firmness in the corn market, the feeling was
decidedly strong, and substantial advance in
prices was gained and well maintained on all de-
scriptions of products. Shorts were anxious to
ally for January delivery, and the orders from
outside parties were more liberal than hereto
fore. and largely on the purchasing side OF the
market. Sellers were somewhat cautious in
naming prices, and in many cases the property
was readily accepted whom offered at what was
regarded as extreme figures. Fluctuations
were quite wide, and trading on behalf OF out
side parties was rather unsatisfactory. Trading
was mainly in September, October and January
contracts, the latter attracting more attention
than usual and the trading the heaviest SO far
this season.
Oats we're active and stronger and prices
generally higher in sympathy with corn. There
was a larger general trade in September and
the more deferred futures, but operators were
disposed to let July and August alone: the first
named month, however, was easier, due TO the
light demand and decline in the cash market.
This also affected August to a moderate extent,
but prices advanced 1e Ihe other deliveries "
ceded 3s@14c, again became hrmer, and the
close was steady at about outside figures. The
sentiment generally was bullish, but news from
the outside scarce. There were plenty of good
buying orders however, which had a good effect
on values.
The leading futures ranged as follows:
WHEAT - No. August, 92ssG92H@91719
Ssf s55lSss5SG SGslslS SS554c;; May, Ss9sg1@s751e
99%c.
UoRN-No. z, August, 4lss@42A@41ss@421S
September, 1s@4Sss@4l1sG4Sc; May. 469477s@
oArs-No. 2 August. sl11es2gslKGSlXe
September, so7S@slh@SOsGal9sc; May, s44e
!. Hss a s. RsE sSsqI 81 @ i 81 5ss5s s 5?s g
September. $40 5O0u 1910 5O@ll 05.
LARD, per 1U0 bs.-August, So 9096 00@5 cog
6 90; September. Sc O5g6 259s O5@6 IA: -
September, IS 2216@5 3211@6 221a@5 30.
Cash quotauons were as follows: Flour
quiet and firm; 20425c higher. No. spring
wheat, &c; No. spring wheat, SIC; No. 2red,
93c. No. corn, 4214c. No. oats. 3214c. No.
rye. SIC. No. barley no sales. No. faxseed.
81 go. Prime timothy seed. 81 40. Mess pork,
per Dbl, s12 so. Lard, per 100 lbs, s6 90. Short
s dsrs 'Hss tSo1ed Is S2s5 Is short % clear % sdes
(boxed). So 40Q5 81. sugars. cut loaf. 714@7azc;
granulated, 63sc; Standard "a" 61sc.
On the Produce Exchange to-day the butter
market was quiet; creamery, 100l5c; dairy,
sQl4c Eggs, 121S8l315c.
NEW YoRk-Flour strong and quiet. Corn
meal strong; yellow Western, 81 1902 70.
Wheat-Spot firm and moderately active;
options fairly active and saQs4c higher, clos
ing firm; large local opera ors free buyers.
while continental and u. X. houses were selling
freely. Rye strong; Western, 5S15c. Corn
Spot strong options less active because of an
advance of 1sSG15sc on continued poor crop
and steady; options dull and irmer. Hay
quiet and steady; shipping, 30@40c; good to
choice, 65@90c. Hops steady but dull. Coffee
Options opened steady and unchanged to 8
to 10 points up; sales. $3.50 bags, includiug
July 17.30c; August. 7.15c; September, 1850
1900: October. 15.90@l6. .00c; November. 15.55c;
December, 16.55c; May. 16150l6.2oc; spot Rio
fiat bean; 1890. Sugar-Raw firm and
in good demand; refined firm, fair
demand; g. S-loc; extra G; 5A955sc: white
Foreign, nominal; New Orleans quiet; common
to fancy, 2SG45c Rice = Firm and active;
scarce; domestic s' ,, ,99Gg7Ho; sJ Japan, s9gc z
Tallow-City (s2 for pkgs.) }, 4116c; country (pkgs
free), 4d@4Ac, as to quality. Rosin quiet.
steady and strained: new: good, 81 45- Turpen-
tine dull at 429421Sc. Eggs firm; moderate
ern, prime to fancy. 17@lS1dc; receipts. 3.427
packages. Pork stronger: mess sl3 000l4 10;
extra prime, $40 0o0l6 50. Cut meats active
and strong; middles quiet and weak; short
and quiet; Western steam, s6 15; SALES, ], $50
tierces: part at So l2H: options-sales, $3.50
tierces; August, Sc l5; September, s6 1895 30;
October, s6 1896 4S; November. s8 50 bid; De-
cember. s8 So. Butter quiet and easy; Western
dairy, 6Qllc; do creamery. 9@17c; do factory.
41z@1011c; Elgin. 17@l7xc. Cheese steady and
quiet; part SKINS SG519c; Ohio fiat, 5G6hc.
MINNEAPOLIS - Receipts of wheat for
the day were 81 cars. Shipments, 81 cars;
There was pretty fair demand for good wheat
by outside m1llers. with rather light offerings.
There was little outside buying of wheat but
such lots were generally very slow to sell. The
market was firm at the opening and holders
advanced their asking prices. Later the mar
ket weakened in sympathy with lower futures.
Closing quotations: No. l hard. July and Au-
gust, CSC; on track, CSC; No. Northern, July
and August, $3.50; September, sec; December,
Gle: on track, Gle; No. 2 Northern, July and
August, Soc; on track, S50S7c.
BALTlMoRE-Wheat = Western unsettled,
closing weak: No. Q winter red. spot. 9524696c;
July, 95sl@9575c: August, 944@95c: September.
94sI(l95c. COrn-W estern irregular and easy
mixed, spot. 47c, sales; July. 47c bid: August,
47Xc; September. 471Sc. Oats firm; Western
white. 45a46c; Western white mixed. 43G44c
graded No. white. 46c; graded. No. white,
mixed, 44c. Rye dull; choice. 55@58c; prime, 50
AEIo. rood 70 fair ASfD60c Hav staady. nrirn a