Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-13
A BULGE In PROVISIONS.

The Big Pnckers Help Advance Prices-
Grain Stubborn and somewhst Higher.
Chicago-Interest oentered to-day in pro-
visions. Prices for the product opened about
So higher ON the light receipts and higher
prices Of hogs. On the bulge there was free,
legitimate selling and q good deal Of bluster
in trying to break the market A weak corn
market encouraged this selling. Pork broke
S0c from the opening figure, and lard and
ribs 30 to 73Sc. Then there was halt When
there was an attempt to buy back there was
no one to offer products The packers point
ed to the facr that hogs were 400 above
the level of prices for products. Others
meats double those of last year are made
from stocks half az large as year ago
When the scalpers and shorts and raiders
turned in to buy they found the bull clique,
including Wright. Cudahy and Armour, per-
haps ready to help the bulge along PORK
never stopped until there was an advance
OF 40c from the low point. The close was 5Oc
oyer the las price on the bulge yessedadaaSy; yea aS
higher. Lard was less active and closed ous
&c higher.
Stubbornness characterized the grain
was forced off Iic early. but recovered at
the close. Corn broke 1c and also reboundec.
Oats show little change.
The considerable premium Delng Palo Ior
July wheat brought out increased oner1ngs
for the present month and reduced the DIFF
ference between it and September about 10.
At times the pit was almost entirely 0e-
serted or traders were roost1ng IDLY on the
steps tanning themselves and waiting for an
order The fact that under such ctrcum-
stances the market should decline only nc
was regarded as noteworthy. A falling on
of about 1000 900 bushels in the Indian ship
ments compared with the week before
caused little scare among the shorts
toward the close and as result the price at
49, Co. 1nnys u<rk1 yhnS
it did at the corresponding time yesterday
76c.
The weather was perfect for corn, and the
proportion of the contract grade in to-day's
receipts showed a steady improvement. The
total receipts were 529 carloads and the
number of those which graded contract was
1876 cars. A report was received from New
York that boatload of corn there had ar
The partial recovery in prices was In sym.
pathy with improvement in wheat and
corn.
Oats attracted little attention and followed
corn closely all day.
Freights were quiet but rates held steady
at &c tor wheat and 1a4c for corn to Buffalo.
Cash quotations were as follows:
Flour easy, concessions generally granted;
No. 2 spring wheat, 7615Q77c: No. spring
wheat, 7l@7lHc; No. reu, TIC: No. corn.
<sc; No. oats 2slsc; No. white, 3l1a@3lAc:
barley, 6Oc; No. 3 no sales; No. 4. 1. o. b., S4@
IS: No. fax seed, 81 Oh; Prime timothy seed,
81 2s@1 IS; mess pork, per Dbl, s1a 90; lard,
per 100 lbs, 81 2216@7 25; short ribs, sides
Uoosel, 81 65@7 7o; dry salted shoulders
(bo1ed). Sc 5G97 90; short clear sides (bo1ed),
81 5O97 65; whiskey. .distillers' finished goods,
per gal, 81 Is: sugars, cut loaf, unchanged;
granulated. unchanged; standard "a. un-
changed; No corn, 441zc.
On the Produce Exchange to-day the
bu tier market was weak fancy creamery,
l9@l95c: fine Western, 17@1s1c; ordinary,
H@l6c: fine dairies, 15@l7c; eggs, quiet at l31a
@4c.
The leading futures ranged as follows: