Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-12
CEREALS WEAKEN
On tbs Government Report Showing Inn
Proved Crop Conditions - Provlsions
Turn Upward Again.

On tbs Government Report Showing Inn
Proved Crop Conditions - Provisions
Turn Upward Again.
CHIC ,Go-The Government report show
ing the condition OF the crops rather better
than expected exerted q depressing effect
to-day upon all cereals. The condition Of
corn and oats was especially better than the
trade was looking for and this fact. taken in
connection with the other bearish factors
which include the anti-option bill, the labor
troubles, the cholera in Europe, the silver
bill, with the June weather, the weak cables
and the general stagnation in speculation,
led to much depression. Long property
came out freely, stop loss orders became
operative and there was more or less selling
for the short account. The buying was slow
and cautious and confined largely TO shorts
who had a good profit in former sales and
were disposed to secure 1t. Provisions were
the only bull card and they were not only
sustained but aggressively advanced. pork
gaining 20c, lard nc and ribs Sc. Wheat,
corn and oats opened weak, and although at
some recovery from their lowest depths,
were still under Saturdays closing quota
tions when trading closed to-day. Wheat is
Ac lower, corn &c and oats lHc decline
The movement of new wheat Is just start
ing in, and operators are rather inclined to
await developments. The big decrease IN
the visible supply was surprise to the
traOe ana caused the rally IN pr1Ccc. 1uo
recovery was helped by indications OF wet
weather.
The extreme break in the price of Septem-
ber corn from the close Saturday to the low
point to-day was l%c The receipts were
away over the estimate at $40 cars and the
grading was the best Of the year, with 106
cars of No. corn on the tracks. The local
ing corn of all kinds in Chicago exceed 4,000.-
600 bushels, with the aid of the bear news
the trade readily forced the bloom corn on
the market, but it was less than 500 900 BUSH
els, and much less than expected. The late
cable quoted July corn tied up at Liver
pool.
Oats were active. weaker and lower. July
started at nc premium, but later sold at 10
discount.
The provision trade got brought up with
a round turn again to-day. From q decline
OF l0c st the opening pork advanced to Csc
over the closing price on Saturday, and re-
tanned the most OF the advance to the end.
ribs. the speculative activity finding its full
est expansion in the article OF barreled pork.
Frefghts were steady with liberal inquiry
at &c for wheat and IL for corn to Buffalo.
Quotations were as follows. Flour easier; holders
would shade prices S@loc to increase sales. No. 2
&c: No. red 7711@7sc; No. corn. 4sxc; No,
oats. 2sx@3oc. No. white, sl@s2c; No. white, 80
@Sslac; s No; Frye, zoe; Ne barley eoc: Nc; 3 no
prime timothy aeed, q 2s@1 IS: mess pork, per
obl, sll 759ll so: lard. per 100 ms, 81 1907 17h:
short ribs sides Qoosel: q 45@7 50: dry salted
So1ed u ss7 g. SSiser I " distIers' sHIs cei nis%ed
5Sc; standard "A. SIC. ' 's'''''
ket was steady: fancy creamery. 1s9lsHc: fine
Western l6S@lsc; ordinary, 140l6c; fine dairies,
l6@l7c. Eggs weak at 1S1@1l4c.