Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-21
PORKOPOLIS.
ITS SPECULATIVE MARKETS STILL
SUFFERING FROM SCARE.
Eject OF the Runs on Savings Banks Fast
Everything Lower-Lcss Excite
mcnt, However.
tBy telegraph to tho Dlspa,cn.i

tBy telegraph TO tho Disphtch1
CHICAGO, November 20.-The specula-
tive markets started with On appearance
of strength, but everything on the list
closed lower than yesterday. Wheat left
off at lie decline for May corn Ic.
lower oats, &c. lower, and provisions
suffered in proportion. May sold IN tho
forenoon at 99ic. and December at 92la
92ic. At these prices, which showed an
advance of 3ic. from the lowest point OF
Wednesdays market, there was con-
siderable Offering to realize profits on
yesterdays purchases, and it was also a
tempting advance. occurring in 30 brief
n time, for the bears to put out fresh
lines OF shorts.
A DROP TO 98.
On the resulting reaction May de-
clined to 98sc. and December to 9S.c.,
and this was followed by several fuctua-
tons within the limits OF 991 and 9S,c.
for May, with drop to $50. about IL
o'clock. The failure Of the stock-bro-
kerage firm in Philadelphia caused this
break, but there was quick recovery
OF about half cent. The market
showed dragging tendency toward the
close and became heavy on rumors of a
disquieting nature regarding runs upon
savings banks in New York. May de-
clined to 97tc. about half an hour from
the close. and December to 90lc. The
recuperatlve power Of the market had
evidently been exhausted in the early
trading. and the close was practically at
the bottom price OF the day.
CORN IRREGULAR.
The opening price for corn was very
irregular. there being simultaneous sales
at 52i, 53, and 53Ic., the bulk Of the
business being practically at 53c. 1t
sold up to 53lc. inside of five minutes.
aud from that time to the close Its
course was reversed. The heavier and
more courageous OF the shorts, instead OF
covering with the general crowd, sold
more at tho advance, and as soon rs the
first scare was over scalpers helped the
sellers and kept it at moderate rallies mp
TO the close, which was n half below the
price Mt the corresponding time Of the
day before and at the lowest price made
to-day.
OATS FAIRLY ACTIVE.
Oats fairly active but unsettled ut the
opening, which was at an advance OF
to &C., and prices appreciated &c. more.
A weaker feeling was developed and
prices receded &c, but rallied slightly,
and trading after the decline became
lighter nnd the market was quiet, but
again weakened, declined &C.,, and closed
Ia.c. below yesterday.
PROVISIONS.
Pork-Rather good business. The
opening was at fully 7Ial0c. advance,
aud further advance OF 1Oal5c. was
pained. The demand then slackened
and prices receded 27ia30c. Later the
market ruled stronger and prices ad-
vanced 12lal5c.. but settled back again
20a223c.. and closed steady.
Lard fairly active. The opening was
2Ia5c. higher, but later prices settled
back 71al0c., and the market closed
quiet at inside figures.
Short-ribs rather active. Prices iluc-
tuated considerably within a moderate
range. The opening WAS at 5a7ic. ad-
vance, but rather free offerings caused a
weaker feeling, and prices receded lOa
12Ic. and closed rather quiet.
The leading futures ranged as fol-
lows: