Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-07

Cincinnati Price Current estimated the wheat
crop of the United States at 5000 900 bushels
and exportable surplus at 200 100000 bushels.
Ihis was probably the most potent factor IN
Minneapolis Tribune putting minnesota and
the Dakotas at l30, ,0O0,0 900 bushels against 49,
100000 bushels last year and So 1000 the year
before was also quoted.
Commission houses show large selling or
ders from New York and St. Louis around
the opening and this fact added to the weak
feeling, especially as most of the big local
traders were inclined to the bear side.
Later in the day, however, the pulls had
their innings and scored several points,
Dispatches began to come IN reporting an
active resumption of export business at the
seaboard and especially at New York, where
60 boatlOads were reported as taken before
noon. This hardened the market little,
shorts began to cover and the bulls took
courage and picked up good deal of wheat
Then followed the report of the large eX-
port clearances-59lO 600 bushels at New York,
24O 900 bushels at Baltimore and 10000 at
Philadelphia, besides liberal clearances of
flour, and the market quickly developed
strength December, which had opened at
s915c, sold of to s91sc, rallying to s9Szc.
White began to sell heavily, presumably for
New York account, and the price broke to
sg1<c. During the last hour the market was
comparatively steady, ranging between s9l4c
and SsJSc, and it closed at SOL C. against sss4c
at the close yesterday. A good inquiry was
reported for cash wheat, and some large for
elgn orders were here, out the limit was
slightly below the market.
Corn was without any marked features. 1t
started weak and lower on warmer weather,
the weakness in the other pits and the Gin
cinnati Price Currents report that the crop
had made a good improvement during the
week. There was very little snap to it, how
ever, and its fluctuations were largely gov
erned by those in wheat. September opened
at 5515c broke to 55Isc; reacted to 55s4c, held
around 5515c for some time eased off to 55l4 &c;
grew dull during the the last hour, but ad-
vRnced to and closed at 555Sc, against 56lzc
at the close yesterday.
Oats were quiet and easy early, but i'm
proved some later, following wheat and corn
to a slight extent, the f1uctuation for the day
covering a range of only nc.
Pork started wild with sales of September
around the opening at SO % to $40 35 in diff
ferent parts of the pit, against $40 40 at the
close yesterday. The market was weak on
free selling and receded TO SO 20, but at that
point Ream and other shorts began to cover,
and grains grew stronger, with the result
that September rallied to $40 421&. 1t broke
later at $40 30. During the last hour it fiuctu-
ated between Si0 S5Gl0 4215, and closed at
the bottom price.
Lard was slow and weak, September SELL
ing off to s6 4214 from S6 50 at the close yester
day, and closing at S6 AS
Ribs were flImer; September closed yester-
day to Sc 81. The market opened to-day at
St 80, sold up to Sc 621a and closed at Sc 60.
The leading futures ranged as follows as
corrected by John NJ. Oakley & Co., 45 Sixth
street. members of Chicago Board of Trade: