Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-15
LIQUIDATION In WHEAT
Causes a Decline, but Corn, Oats and Hog
Products Are Little Changed.

Causes a Decline, but Corn, Oats and Hog
Products Are Little Changed.
CHICAGO Dec. A-It was day of heavy
liquidation in wheat and reduction of sc
in its price. Corn appeared to tend upward
at those times when wheat was not being
subjected to extraordinary pressure, and
oats declined &c very reluctantly. Provis-
ions were stronger for hay and shade
easier for January.
While first transactions in wheat were at
about yesterdays closing figures, the SELL
ing WAS weak and there WaSa quick decline.
In addition to the enormous increase in the
worlds available supply made public yes
terday. BradStreet's reported an increase in
the stocks east of the Rockies of 1856 600
bushels and 557 900 bushels increase on the
Pacific slope, making a total increase for
the week of 5,543, 600 bushels. Cables were
lower and all domestic markets were on the
down grade. The receipts in the Northwest
showed some falling off-being only 752 cars
but were still regarded as heavy for the
season, especially when the enormous con-
signments already received there are con-
sidered. The discussion of the Hatch bill
was claimed to be weakening factor.
The traders in corn were affected at the
opening by the heaviness of the wheat mar
Eet, but there was an undertone OF conf
dence which stopped the decline after Lc
had been knocked off the price. Nebraska
farmers, who have more good corn than is
to be found in any other State, were said to
have still some IN the fields for which they
have not provided cribs, and it was said that
as soon IS that was forwarded to market the
receipts from there would to a great extent
dry up.
While nine out of every ten men in the
pit are said to consider hog products arti-
6cally high in price no one apparently dared
sell the stuff short and the market was so
sensitive and nervous that it took very lit
hnUino SPllinU n danraSs
prices. Receipts of hogs were fair, with
sales at Slightly advanced figures and this
factor encouraged considerable buying of
products early at a moderate advance in
prices. At the improvement there was
more pressure to selI-local brokers appa-
rently well supplied with orders-and a
weaker feeling was developed with quite
sharp reaction in prices. Toward the close
the feeling was steadier and prices rallied
to medium figures. Compared with yester-
days closing prices January pork is PIC
lower and May nc higher, while ribs Tor
January are 9llzc lower and unchanged for
May.
Cash quotations were as follows: Flour
dull and offerings lower than ever before
known. No. 2 spring wheat, nc; No. 5
spring wheat, 65G6612c: No ? red, 711zc No. 2
corn, 42lzc: No. oats, 30156l30s4c; No. 2 white,
f. o. b., S515c; No. white, 21IQSSc: No. rye,
4Sc: No. barley 64c; No. 8, i. O. b., 3904Sc: No.
4, f O. b., 32@4Sc; No. / fiaxseed, 81 %; prime
timothy seed, 50 90; mess pork, per bbl,
Sl4 so; lard, per 100 lbs So IS; short ribs sides
Qoosel, IS eo@s 90; dry salted shoulders
(boxed), 81 631467 70; short clear sides
(boxed), IS 7O@S IS Whisky, distillers' fin
ished goods, per gallon, 81 %. Sugars, cut
Loaf unchanged; granulated UNCHANGED;
standard "A" unchanged. No. 3 corn, 3S1zc.
Receipts-Flour, 81 900 barrels; wheat 223-
900 bushels; corn. 2lS.O 90 bushels oats, 245.0
bushels; rye, COO bushels; barley, 81 900 BUSH
els.
Shipments-Flour. $4,000 barrels: wheat,
10000 bushels; corn. l64, 900 bushels; oats,
l5S, 900 bushels; rye, 600 bushels; barley, 40
90 bushels.
on the Produce Exchange to-day the butter
market was dull: creamery, 206eSc; dairy
19626c. Eggs firm at lower prices; strictly
fresh. 221S63Sc.
Range of the leading features furnished by John
NJ. Oakley & Co., bankers and brokers, No. As
Sixth street: