Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-18
MARKETS BY WIRE.
Advices Regarding Barring Brothers Have
Good Effect on the Market, Which
is Again Disturbed by Wall

Street Failures.
CHlCAG0-The reassurances of bankers and
other wellinformed financial authorities re-
garding the efficiency of the measures adopted
In London for the protection of Barring Bros.
eliminated from the grain business here the
apprehension of further immediate trouble of
serious nature, consequently dispelling the
fear of general financial panic, which was so
powerful factor in Saturdays 8 operation.
May was fast assuming the lead in the specu-
lative dealings, and it began with sellers at
81 00h but not much business was done until it
had been offered down to 81. 1t touched 99s[
and reacted to 81 00L, and during the next
hour huctuated between 81 00A91 0O15.
Toward the end of that time the announcement
was made OF some failures among the Wall
street stockhouses, and drop to 991z took
place. December wheat started with sellers at
93H. with some few trades at that price, but
offered at SO. 1t quickly dropped to 9211l, re-
acted to 935s, and after period of inaction
during which the price held close around
93, there was a sudden descent to 921s
from the cause already alluded to.
At ills o'clock quick advance to y3Ic for
December and 81 001a for May was recorded,
those being the trading quotations at the time
last named. After the fluctuations recorded
above the changes were principally in the way
of still further improvement, aud were sudden
In their action. May wheat sold up to 81 0l%
on TO 81 OOH ana again back to 81 0lI and De-
cember oscillated between 9314c and 9414c at
the same time. There was one small failure
announced, but it had no effect upon the
market.
The visible supply statement was one of the
influences tending to the frmness reported
during the latter part OF the session. The gen.
eral impression was that it would show an in
crease of about l, 200, 900 bushels, and upon its
publication it was found to amount to the
moderate increase of 498 lis bushels. There
were not many dull spots in to-day's business
and trading was particularly active, but with
out more than its normal amount of excite
ment toward the end.
The price of corn at the opening Of business
was in the nelghborhood of Saturdays closing
Quotations, May being wanted at 5lT, with
some selling at that, but the demand proved to
be much in excess of the supply at any such
52L cents. 1t was not until the wheat market
had overcome its opening feverishness that
those buyers of corn who think it cheap
plucked up resolution enough to pay more than
the last named price, and about the same time
the shorts became active competitors for the
offerings: The price under this stimulation
advanced to 5SH cents for May and held between
that point and 52A cents to the close.
Oats weie fairly active, but stronger and
prices closed at 5sg15c advance over Satur-
days prices.
Mess Pork-Trading was moderate. Opening
sales were made at Saturdays closing figures,
and reduction of &c was submitted to. Later
prices rallied 1O@l215c, but settled back again
5Q72c Toward the close the market again
rallied, and closed steady at medium figures.
Lard-Comparatively light trade was re-
ported. and the change in prices was slight.
Short Ribs Sides-A moderate business was
transacted. Fluctuations in prices were frequent
within narrow range showing little change
from those current on Saturday.
The leading futures ranged as follows, as cor
rected by John NJ. Oakley d Co., 45 Sixth street,
members Chicago Board of Trade: