Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-08
BLIZZARD TALK BULLISH.

Wheat and Corn Gain Little Under Its In
fluence-Provisions Lower.
CHICAGO Dec. big purchases of wheat
marked the close of a weak day. Blizzard
talk helped the rally and the close was Hc
higher than yesterday. Corn followed the
course of wheat, and in the end gained "a
Zc on yesterdays closing price. Provisions
we're again easier. Pork is 171<c lower, lard,
zoe, and ribs, 1315c lower.
Except in tho last hour, wheat trading
was exceedingly slack. Liberal operations
in the Northwest: weak cables and reports
of snow in the West were the influences to
which an early decline was attributed. The
subsequent advance was attributed to the
rather larger clearances from the seaboard,
and Brddstreers report, which did not max
the increase in stock as large as generally
expected
Although initial trades in corn were at a
slight advance, the price soon sold OF ssc on
selling by some of the larger receiving and
shipping concerns, the buying being con-
fined mainly co room operators. At the de-
cline the demand improved, and as the car
light and advices that a storm West would
interfere with the movement the price
rallied, recovering the early decline,
changed some, ruled firm and closed with q
1s@zc gain.
In oats there was moderate pressure to
sell, and May receded sc. On the decline
there was fair covering Of shorts.
Provisions took q big tumble at the start,
and then relaxed into a comatose condi-
tion. The bull clique seemed to have quit
trying TO run the market, and instead were
engaged in an evening-up process. The
close was within SC of the bottom all around.
The receipt of hogs continue to grow more
satisfactory to the packers. and the indica-
tious on the prevailing high prices will
bring the total for the month up to the
largest figure for any December on record.
The total this week to date is l0l. $40. The
farmers are evidently letting 60 their hold
ings, and the prevailing opinion is that the
receipts will increase very decidedly during
the next 80 days. There was shrinkage of
to lOc in hog values to-day. The range be-
ing s. l0@6 10 Tor light. These prices are
considerably higher than at Omaha or
Kansas City.
Cash quotations were as follows: Flour easy
but no quotable change. No. spring wheat,
7lssc; No. 8 do, 6S@6615c; No. red, 7l9sc:
No. corn. 4l5Sc; No. oats. 30@3ONc
No. white, S+c: No. s white, S20S213c; No.
rye, ACC: No. 2 barley, 64c: No. +. o. b.,
4O@64c: No f. o. b., 3S@45c; No. l f1axseed,
81 Os1z0l 0s15; prime timothy seed, 81 "a; mess
pork, per bDl, $l4 25: lard, per 100 lbs, 50 80;
short ribs, sides Qoosel, IS lo4S 20; dry
clear sides (boxed), IS 55@s 60. whisky.
distillers' finished goods, per gal, 81 20.
Sugars, cut loaf, 55sc; granulated, SIC; stan
dard A, 41sc. No. 3 corn. 371aQ373zc.
Receipts-Flour %. 600 barrels: wheat. IT,
900 bushels; corn, 243 900 bushels: OATS 1896 600:
rye. 1000 bushels: barley, l32 600 bushels.
Shipments-Flour, 10000 barrels; wheat,
$4,000 bushels; corn. $1,000 bushels; oats, lH,-
900 bushels; rye 1000 bushels; barley, g., 900
On the Produce Exchange to-day the but
ter market was dull; creamery, 19@29c:
dairy ls@26c. Eggs quiet; strictly fresh, 22h
gao.
Range of the leading features, furnished by John
NJ. Oakley Co., bankers and brokers, No. 4s