Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-14
MARKETS BY WIRE.
A Cold Wave Strikes the Chicago Grain
Pit Prices Shrink All Along the
Line-Pork Shares in the
General Catastrophe.

General Catastrophe.
cHIcAGo-The grain markets were dull and
heavy early in the session and weak but very
active toward the Close decline of 21lc was
registered at the windup of wheat dealings,
1Ac was chopped off the price of corn, oats
suffered to the extent OF 10 and provisions
weakened in sympathy.
The wheat market opened lower and not very
active. December sold at 9S1sc and May at
81 OH. These prices being &c lower than the
closing quotation of the previous day, induced
some buying by the previous short sellers, and
during the time of gathering together the
profits on such trades prices improved Nc. The
tone of the market was heavy and business
was light with very little information coming
to hand OF nature TO disturb either of the
parties to the deal. AS the statistical position
of the market has not changed materially, the
altered tone Of speculative sentiment must be
ascribed in great part to the stringency of
money.
The elevator men of the Northwest are re-
ported to have held q meeting yesterday. at
which it was resolved that owing to the scarcity
of money they might In a short time be CON-
PEELED to issue scrip in payment of wheat, and
were understood to be preparing a circular for
distribution embodying that proposition. 1t
was the circulation of that piece of infor ma
ton which, coming on top of the previously
existing despondency of the bulls. caused the
principal break OF the day.
Previous to the receipt of the piece of news
last referred to, heaviness had already
been induced by the Cincinnati Price Cur enrs
usual weekly report estimating available ex-
portable surplus from this years crop, includ-
ing old reserves at Is OOO, 900 bushels. compared
with its previous opinion that only 65.OOO.OOO
bushels could be spared. Lower prices were
said to have been accented to effect sales Of
flour and limits from abroad were reported to
have been lowered equivalent to reduction Of
&c per bushel on wheat
A purchase OF So, 600 bushels of wheat was
made in Minneapolis to-day by a Chicago ele-
vator firm at nc lower than such wheat has sold
there previously on this CROP. Prices remained
fairly steady at around s'AgSsc Tor December
time. during which trade was very light, but
toward noon the break of the day started, and
it continued until it got down to e6c and May
| to 81 OH.
The corn market WAS dull at about Lc de-
cline from Yesterdays closing figures at the
opening Hutchinson early in the day sold
some Nav corn at 545Sc, and bought again when
| il declined to 541sc, but when the break below
| SAC took place he was not ON hand, and conse-
| ouently the bears made short work of the de-
| cline. The lowest prices OF the day
were made in the last few minutes. May,
| which in the early trading had sold to q moder-
| ate extent, closed at 52Ac
Oats were traded in more freely, and during
| the morning the market held steady. After
midday the weakness and decline In wheat and
corn induced increased selling and prices re-
ceded AgAc from 0u'scs ac.vs ne AZ the % de-
| followed, but the close was easy at about the
| inside figures.
ing sales were made at about the closing figures
| of "Wednesday. but later prices gradually re-
| ceded I5@I71lc, and the market closed tame.
Lard.A far trade was reported; Prices re-
Short RID sides-Trading was moderately