Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-30
CHICAGO CHANGE.
The Influences Rather BuIlish and Every.
thing Closes High.

The Influences Rather BuIlish and Every
thing Closes High.
| CHICAGO, Dec. 29.-The decrease in stocks
| was the active factor in the wheat market
| today, and after weak opening prices raj
| lieO Iully lc, closing at on advance of &c
| per bushel. Corn and oats shared in the
| betterment of the wheat market The bull
| clique in provisions we're buyers to-day and
caused scare among shorts, which mater
| tally added to yesterdays values.
Wheat started of very weak. All the con-
ditions seemed bearish; cables were easier:
domestic markets slow. The Cincinnati
Price Currents crop summary reported the
winter wheat fields covered with snow and
so well protected that no apprehension
need be felt on account of the cold weather.
There were apparently liberal selling orders
on the market and the pressure was such
that prices Immediately gave way. On the
weakness the realizing was generous, and a
gond deal OF long wheat came out. But
when the market was weakest Brad
streets report of the available supply was
posted, showing an unexpected decrease OF
l,6JO,000 bushels east of the Rockies
and ,, l77,OC0 bushels decrease on both coasts.
AS the visible supply points showed an in
crease last week OF J, SEQ 900 bushels, Brad
streets figures indicate that there must have
a decrease IN the points outside of the Off
cial list OF over 8. &c., 900 bushels This was a
startling surprise to the trade and its effect
was instantly bullish. There was the usual
criticism of Br0dstreecS figures, but the
effect was not much changed DIV the doubts
soughs TO be thrown on the report.
In corn the feeling at the start was weak,
and there was moderate selling at the open
ing at fractional decline from yesterdays
closing price and soon sold of, but at 45c
for May there was an urgent demand both
on local as well as outside account, and as
wheat turned up, corn sympathized. ad-
vancing Ss624c, eased off slightly and closed
with 14@$sc lain. AccorniDg to the Price
CtTTeHJ there is possibility of a lessening
OF the arrivals in the near Iuture. Brddstreet's
figured an increase in the visible OF 49,, 900
bushels.
Oats were quiet and easier early. Later
the buying improved and the market ad-
vanced ssQ1ac, and closed steady at nearly
the top with Il gain of 1s11<c.
Rather liberal receipts of hogs caused
temporary weakness in provisions early, but
Cudahy and Wrightwere credited with buy
ing good deal OF stuff. Their action alarmed
the shorts and caused the market TO become
stronger as the session progressed. Com
pared with resting prices yesterday pork is
2I73c higher, lard is up 2Oc and ribs are also
2Oc dearer.
Cash quotations were as follows: Flour,
steadler and unchanged; No. spring wheat,
72c; No. ) spring wheat. 55@6lc: No red.
72c. No. corn. 401@c: No. oats, 294c; No. 2
white, f. q. b.. 545zc; No. white do, Bic. No.
. rye, 5O12c. No. barley, Csc; No. 3 f. n. b.,
40G63c; No. +. o. p. S4943c. No. 1 faxseed,
pork per barrel. $l4 S5@l4 s71S. Lard per loo
pounds, $40 30; short ribs sides, loose sS 450
s 81 dry Salted shoulders, boxed, So GOO
37]4: short clear sides, boxed, S. 9Jls IS.
Whisky, distillers' finished goods, per gallon,
81 30. Sugars, cut loaG unchanged; granu-
lRUed, unchanged: standard "a, unch9nged.
No. corn, 36c.
Receiprs-Flour, 5000 barrels: wheat 3ss.-
900 bushels; corn 324, 900 bushels; oats, 400 OCO
bushels; rye, 5000 bushels; barley, 5000
bushels. Shipments-FlOur, 90 900 barrels:
wheat, 27.000 bushels; corn $4,000 bushels:
oats, 225 900 bushels; rye 1000 bushels: barley
u, coo bushels.
On the Produce Exchange to-day the
butter market was firm; creamery. le43Oc:
dairy, 1sQ2Ic. Eggs firm and unchanged.
Range of the leading features furnished nv John
NJ. Oakley & Co., bankers and brokers, No. 45
Sixth street.