Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-27
MARKETS By WIRE.
Wheat Weakens Under the Influence of the
Beautiful-Corn Active and Unsettled
Oats Quiet and Steady-Pro-

Beautiful-Corn Active and Unsettled
Oats Quiet and Steady-Pro-
visions Score an Advance.
EXTRAORDINARILY market was almost
entirely lifeless, and operations confined
to local scslpers To-day fluctuations un-
der the prevailing conditions were mar
row. with a tendency toward lower level.
The chief factor in favor of lower prices was
the snow which had fallen from Indiana and
Ohio Eastward, and was reported to be de-
scending also on the, fields Of Kansas
and Missouri. In addition to the dampen-
ing of the market by the snowfall, 1t
was weighted with heavy receipts In the
Northwest. There was no news from England,
business on the exchanges in that country
having been adjourned from WEDNESDAY 10
Monday. The range in May was from Tssg
e7szc 10 97Gg71sc. The higher figures were
made during the first hour OF Trading. the
fluctuations during the latter part of the session
being mainly between the lowest point named
and S7$ac. The closing price was gIZQsI2sc
There was some trading in July, and the ten
dency was toward increasing the discount be.
tween May and the month referred to. July
selling from around 93c early to s24c, which
closely approached &c discount in place OF &c on
Wednesday.
The snow, which cast a damper on the spirits
of the bulls in wheat when the market opened,
was not regarded unfavorably by the corn
crowd. The opening price for May was from
5l1sG5l5sc and It sold down to size. 1t ad-
vanced after the decline referred TO until in
the course of half an hours trading 1t had
reached 5l5k95I5zc and it then began to retrace
its steps ana sold lower than before. The early
influence of the expected poorer grading from
the effects of the snow was overcome py the
desire of the majority of the scalpers to take
advantage of the bulge to sell on. The local
sentiment is bearish. and selling is the popular
side as long as there is no appearance OF any
heavy operator gathering together TOO many OF
the short contracts. The closing phase of the
trading was slight tendency toward recover
ing some of the decline, and from 5l1sc. which
was the lowest price for May, there was re-
covery.to 5lH@5lssc, which was the closing
quotation.
Oats were quiet and steady. ranging from
4S5sG4354c to 44c for May delivery. The near
futures were nominal. Armour bought and
Hutchinson sold, but their deals were not
large but small
The smaller receipts of hogs have been gen.
orally looked as the ostenslble cause of the
improved demand and better prices realized
for the product. May pork. from Sll 10 at the
start, advanced toSlI l713, declined to Sll G215
and closed at sll w. May lard opened at
s6 421%, sold of to S. 40, and closed at Sc 4215.
The fluctuations in ribs covered a range of DC
in the January delivery and TIC in May. The
highest prices were made at the starr, and the
closing quotations were 215c under those at the
opening. but sc to nc higher than at the close
on Wednesday.
Theleading futures ranged as follows as cor
rected by John M. Oakley & Co., A Sixth street,
members Chicago Board of Trade: