Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-28
WHEAT is HIGHER
And Provisions Advance, but Corn and
Oats Are Featureless.

And Provisions Advance, but Corn and
Oats Are Featureless.
CHICAGO. Dec. 27.-Wheat was active to-day
and nervously strong. The price jumped
up Nc, closing with net gain of nc. Other
grains were stagnant. Provisions, in
fuenced by light receipts of hogs, left or
15@2a115c higher than before the holidays.
The big failure at Minneapolis made an
apprehensive feeling among shorts in
sition to cover. while the figures
were smaller than usual. Cables
were his her, and advices from Kansas and
Nebraska and some areas in Missouri re-
ported a good deal of wheat in those States
bare of snow, with the mercury from 50 to
100 below zero and more or less damage
feared. There was a decrease of 672, 900
bushels in the amount of wheat anc flour on
oc can passage and the report sent out by
Beerbohm Saturday of only &c, 600, 900 bushels
yield in the United Kingdom, against T., ,OOO,- :
900 bushels last year, was also a very bull ish
factor. Indian wheat shipments last week
we're only 100000 bushels against 20O, 900
bushels the week previous and 10000 BUSH
els for the same week last year. Coupled
with these conditions was a prospect that
the increase in the visible supply would be
smaller than expected. Calls had been sold
for to-day at 70 cents. There was safety in
selling against them at that price by those
who had bought these privileges. That was
dared to indulge in freely, however, for
some time. The increase OF l5l4 00O bushels
in the visible had no immediate effect, but
was felt later, as the trading slackened and
prices relaxed.
Corn was depressed while wheat was soar.
ing. The liberal receipts since the last ses-
sion, H5 cars, with 500 cars predicted for to-
morrow, together with an Increase of 4O3.-
600 bushels in the visible, was not looked
upon as favorable for any advance The
weakest feature OF the situation was the
pressure OF through billed No. corn at
361Sc, and its being finally sold as low as &c.,
With pleasant clear, dry, frosty weather q
large portion OF what is now No. will prob
ably grade No. before long. The continu-
ally growing elevator stocks is another weak
spot in the armor of the bulls.
In oats there was Il moderate trade and q
steady market. The offerings were not large
and the demand limited there being no par.
ticular incentive for operators to take either
SIDE Compared with Friday night prices
are nc up.
The very light receipts OF hogs-onlv %. OoO
since Friday, and talk OF the improbnbiilty
OF receipts increasing much for some time
caused u spirited opening to the provision
market and at quite an advance over Fri
DAVIS closing prices. Pork started Mt an ad-
vance of l5c, lard was l0c higher and ribs
started with gain of l71Sc to zoe. The first
prices we're about the highest OF the day. ex-
cept for May pork, which climbed l21%c over
the opening quotation. The CLOSING ouota-
tions showed the following net gains as com
pared with the resting prices on Friday:
January pork, l5c; May, &c: January lard.
zoe; May, le1Sc; January ribs, zoe, and May,
2-1Sc-
steadier, with no quotable change; No.
spring wheat. 72lzc; No. spring wheat 81
659c; No 2 red, 721zc. No. 2 corn, 405Sc No Q
oats, SO@SQ15c: No. white, I. o. b.. Sl%G85Lc;
No. 3 white, 3l@3l1zc. No. 2rye, 601Sc. No. 3
barley, Csc; No. /. q. b., 44@65c; No. .4f. o. b.
Sj@4sc. No. f1axseed, 81 o. Prime timothy
seed, 81 OS. Mess pork per barrel, S4 556
IA sc. Lard per 100 pounds, $40 40; short ribs
sides, loose, IS 30Qs IS; dry salted shoulders,
boxed, 81 s7]5GS O0 short clear sides. boxed
S. 6J0S s.. Whisky, distillers' finished
goods, per gallon, 81 80. Sugars, cut loaf.
5sSc: granulared, sc; standard "a" 45Sc. No.
3corn, 661zc.
On the Produce Exchange to-day, the
butter market was strong; creamery, 20639c.
dairy, 19G26c. Eggs firm; strictly fresh, 25%
@26c.
Range of the leading features. furnished by John
NJ. oakley Co., bankers and brokers. No. As
Sixth street.