Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-30
A WEAK CLOSE.


The Markets Decline on Expected Big
Receipts and Fear OF the Hatch BIZ.
CHICAGO, July GA spasm of weakness
seized the markets to-day in the final ID
minutes. Compared with last night wheat
closed ssc lower, corn Nc and provisions &c.
Expectations of big receipts of wheat
tomorrow, combined with a report that the
Hatch bill mad been taken up in the Senate
and that its passage was feared, were the
causes chiefly responsible for the downward
slide.
The first sales Of wheat were at about the
closing price of last night, but the market
proved quite weak for u time and fell OFF
&c. The weather conditions were re-
ported favorable and domestic markets
were slow and weak; but cables came
in showing advances in nearly all
European markets, stories of small yields
from the threshers were industriously circu-
lated, and the prediction made that the
yield OF wheat on this. basis would drop con-
siderably below 500 0OO, 600 bushels. Buying
soon began, and with no great amount for
sale it was all quickly absorbed, and prices
gradually strengthened. All the early de-
cline was recovered and the market held
steady on reports OF very cold weather in
the extreme northwest. In several locali-
ties the thermometer was said to be down to
30. and an attempt was made to create some
strength on the fear of frost in the Dakotas.
An Antwerp letter said no Russian wheat
was offering and Roumania was 30 per cent
short OF last years crop. The indications
to-day were considered by many to favor
big increase in the visible supply.
In corn there was evident reluctance to
press sales at prevailing rates, nor was
there, on the other hand, much disposition
in wheat toward the close caused some re-
alfzinr. Fluctuations were limited to ssQ
1ac range.
Oats were extremely dull and featureless.
Price changes were unimOOrtant.
The provision market at the opening was
rather firm and a few orders were provided
for at slightly advanced prices. A weaker
feeling was developed, however, and prices
receded on all the leading articles. The
market closed rather easy at inside, ,fig1res.
Trading was mainly in September contracts.
&c for wheat and Is1c for corn to Buffalo.
Cash quotations we're as follows:
Flour steady and unchanged; No. spring
wheat, 77Hc: No. spring wheat, SIC:
5000 @sOIc; No. white, s21Sc; No. white,
3lA@52c; No. 2 rye, &c; No. 2 barley. &c;
No. 8. no sales; No. 4. +. o. b.. s6c; No. !
fax seed. 8 olk; prime timothg seed, 81 81;
per 100 lbs, 81 271I@7 3d. short rios sides
Qoosel, 81 6O@7 7o dry salted shoulders
(boxed),S 0o@7 25: short clear sides (boxed),
81 sS@7 80 wi whisky, dissillers FIN finished
changed: granulated, unchanged; Standard
A, unchanged. No. corn. 471ac.
Recefpts-Flour, 1900 barrels; wheat, ILL.,
600 bushels; corn, 1856 600 bushels; oats, ISL 600
bushels; rye, 1000 bushels: barley, 5000
bushels.
Shlpments-Flour, AOO0 barrels: wheat,
296 900 bushels; corn, 359. 900 bushels; oats,
$4,000 bushels; rye, 1000 bushels: barley, 1000
bushels.
On the Produce Exchange to-day the but
ter market was quiet and unchanged Eggs
very firm; strictly fresh, Ice.
80 81 1ao n f,f,, ;el,a
John NJ Oakley & Co., bankers and brokers,
No. k5 Sixth street: