Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-08
BULL MARKETS.
Corn and Provisions Take Up the Rum
ming on the Chicago Board.

Corn and Provisions Take Up the Rum
ming on the Chicago Board.
CHICAGO Aug. 6.-Corn and provisions
made the running to-day on Change. There
are apparently strong bull clfques in both
articles, taking good care that no points in
the speculative situation capable of being
turned to account are counted for less than
the full bull value. Among those said to be
enjoying the fruits of the advance in corn are
Bryant, Bartlett-Frazler, Patton Bros, c. M
Armstrong and w. Andrews. 1t is current
rumor that about 100000 bushels of corn
was put to the clique on privileges yester
day, and they got about 100000 bushels
more on calls to-day. The sellers of the lat
ter were the parties who were climbing foI
September corn near the close to-day.
Wheat was tame in the midst of surround
ing bullishness and activity. 1t managed to
secure an advance of &c, while corn is 114c
higher oats up Nc pork SOC, lard l71ac and
ribs 2215c since yesterday.
The situation in wheat was looked upon as
essentially different from that in the other
pits. Cables were easier and dull and do
nestle markets slow with the local trade of
was in the main favorable and while the
exports from both coasts were nearly ], 500. .0O(
bushel larger than the week before, the avail
able stocks are reported heavy and about
5000, ,0G0 bushels in excess of those of a year
ago. In addition there was reported lack
of foreign orders at the seaboard. The
heavy receiDts at the winter wheat markets
continue depressing feature.
Corn was active ana excited. The shorts
bought freely. Dispatches from Kansas City
stated that the temperature there was the
hottest of the season and that unless rain
came Immediately the crop would undoubt-
edly suffer. The State report of Kansas in.
creased the acreage IA per cent, but said corn
had been greatly injured in some places by
of from some quarters and the plant was
said to be shriveled up and in a critical con-
dition. a
Oats were fairly active and an Unsettled
lar at H@15c advance. For time the mar.
ket held steady, but liberal unloading by
longs created weakness and prices receded
sa@1ac. There was liberal selling by the
crowd on the break, but as corn was strong
and higher it started the crowd to buying.
There was also liberal buying for the outside
and prices advanced 1890 and closed firm
at the top figures.
The one thing needful to make the pro-
vision market broader and stronger was an
increase in the outside trade. This has
come with the big uDturn in prices. Country
houses that would not buy barrel of pork
at $40 are now rushing in buying orders at
$l2.95. The same is true of ribs and lard.
Commission houses all day long had rush
orders TO buy products at top prices. The
higher cables on lard, the light hog move
ment, the xious buying by shorts and the
help of the big houses interested in higher
prices all made big bull market. There
was good selling on the bulge by heavily
loaded local houses.
Freights were firm at the recent advance
at PIC for wheat and 214c for corn to Buffalo.
- Cash quotations were as follows Flour dull;
winter patents, 81 OO@sl 20; winter straight,
So 50@3 75 spring patents, 81 00@4 30: winter
straights, So 50@3 60: bakers, 50 9O@3 20; No.
2 spring wheat, 1880: No. spring wheat,
No. 2 oats, 33c: No. 2 white. 341a@4Ac; No. 8
white. 3215@34c; No. 2 rye, 66c; No. . barley,
&c: No. 3, t. o. b., 4sc; No. L. 4lc: No. fax
seed, 81 03155: prime timothy seed, 81 35; mess
pork. per bDl, sl2 s71a@l2 90; lard, per 100 lbs,
81 95@S 90: short ribs sides, loose, $s 0O@S o.;
dry salted shoulders, boxed. 81 0O@7 25; short
n tiers' Sdn fnished Goods ' psr ga 81 is No