Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-03
MARKETS BY WIRE.
Continued Activity in the Grain Pit
Troubles in the NOrtllwest-Wheata ami
Provisions Decline-Corn and Oats
Hold Advance Ground.

CHlCAGO-There was good deal of activity
the seven trading pits to-day and there was a
ieneral recovery in prices at the opening Corn
and oats retained some of the improvement,
but wheat and provisions closed lower to-day
than they did yesterday. A decrease in the
amount of wheat ahoat for Europe and Eng
land, according to Beerbohm. gave it a good
start at &c advance on the closing price of the
Gay before
The bullish items of the morning and the
action OF Hutchinson's brokers caused wheat
10 advance to 81 o. II hung at that point a few
seconds, surged back to 81 0l7s and made
another upward heave to 81 O21z. with sale or
two al 81 G2I4 The bulls realized very freely
on this advance, and after &c had come off the
price from thar cause the financial bugaboo
commenced working, and before its effects lad
ceased the price OF Nay wheat had declined to
s. Ola4. Tie Keystone Bank of Philadelphia
was reported TO be in financial straits, and a
bank at West Superior, the National Bank of
Commerce, was reported commercially defunct
A dispatch from Duluth SAID that the West
superior bank was small concern which had
been sIGElnC for six weeks or more dropped
below par. and TINS evidence of weakness was
the occasion of the principal break in wheat
The december delivery made a wider
Straudle than before and after standino at
S@sc discount II gradually widened to 95sc per
bu>hel under May. This heavy difference be-
tween the futures named is OF course a great
encouragement to those who expect wheat to
sell at higher prices and have 4 wish to buy
Although the prices of May wheat recovered to
81 OILS, IT sold of again and closed At 81 OOa[
The trade in corn was governed in a great
measure 10y Hulchinson's operations ami he
was buyer for the most part The general
crowd was inclined 10 take the bear side but
were careful about pressing their offerings
Ihere was only one occasion upon which the
price sold as low as at the close of the proceed
ing day. and that was Immediately a the open-
ing. and an advance of sc over that price took
place in the course OF the trading The
fluctuations were TO a moderate extent in
sympathy with the course of the wheat
market
The very meager stock of contract corn is of
course, prohihitory of any raidiHg tactics, even
with the december delivery selling 4c below
May. lhe price OF May was irregular from
5315c to 559sc. and it advanced to 54Lc with
sale or TWO at 543sc. The tendency was toward
lower prices near the end. and there was a
reaction to 53@4c, with buyers at that at the
close.
Oats were fairly active, stronger and higher
but outside prices were not maintained until
the close, when last sales showed net gain of
Lg5sc. Inc feature OF the trading was the
persistent buying Of May by large operator.
Pork-Rather an active business was trans
acted. Prices opened lO6I21Sc lower and
further declined l0c but at the reduction
prices rallied 7129lOc and closed comparatively
steady.
Prices ruled Jg41ac lower early in the day. but
rallied again :21S15c and closed comparatively
steady.
Short Ribs-Trading was moderately active.
Early the feeling was rather steady, but about
the middle of the session a reduction of sc was
submitted to. The market closed compare
tjvejy steady at medium figures.
The leading futures ranged as follows as cor
rected bv John N. Oakley d Co, 45 Sixth street.
members Chicago Board of Trade: