Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-10
MARKETS BY WIRE.
A Tidal Wave Strikes the Chicago Grain Pit
and Everything on the Jump-Provi-
sions Join the Procession-BulI-
ish News Predominates.
IsII NEWS Il ITtUOIlIIldIts

ISL news EreuOIn1nateSs
CHICAGo-The early feeling IN all the specu-
lative markets was favorable to higher prices.
and with no serious disturbance in financial
circles there was marked improvement in
everything toward the close.
The opening price OF May wheat was very
clear indication of what constituted the present
paramount influence in the minds of the local
spectators. Stocks in New \ Hork opened with
g boom, and it completely drowned the talk
about the increase of l4OSOO9 bushels in the
quantity afloat for Europe as cabled by Beer
hohm. An easier market aud decline of I'd
at Liverpool were likewise effaced from ihe
recollection Of the traders as they met for the
opening tussle, and began by bidding Csc for
Nav wheat, or C over the price il sold for on
Monday afternoon. There were sales at size
and before long at 9S1sc. and again as low as
973.c, although it barely touched the latter
price.
During the first half hour the fluctuations
were confined to the above narrow limits at
the expiration of which time it began to climb,
and in the course of ten minutes it had
mounted to 9S3Ic There was plenty of wheat
for sale on the advance, and it was back to 9S1$c
m q few minutes. From the time referred to
until l. o'clock trading was light. and prices
moved IN easy swellS between 9SG9S13c, and
touching both extremes several times.
Out of the mysterious rumors of the private
wires having their Eastern terminus in Wall
street, came one substantial fact in the course
of the dav. An old and respectable stock
brokerage firm failed, and on that account the
bears depressed wheat to g73L. A little later,
however the spectators commenced to mini
miZe the significance of this failure, calling it
case OF dry rot and about the same time
the STOCK market commenced to recover its
early TbuOyancy. The country receipts in the
Northwest were reported to have decreased
per cent since week ago. and BrGdStTeerS
statement of the stocks cat of the Rockies is
not expected to show an increase of over 40G-
OhN bushel The trading price of May wheat at
The close was 9S'Sc. and December was quoted
nOmiuIlly worth 81 &c less.
The corn market was strong on the small re-
cciDtS and the small stocks. Mr.. Hutchinson
was also good friend to the article and held
u up when 1t appeared weary once or twice
during the course OF the session. The starting
price for May 81 ij5c, with a few sales at
5i%.r, compared with 5i5s SC at the close of the
market yesterday. The opening price of corn
was as low as it sold during the day. There
was an advance to 5sc, and after fiuctuatinC be-
tween that and 5i3sc, the closing figures were
near ;he best Of the day, the latest being 545Sc
bid,
Oats were frmer and higher, but with moder-
ate volume of trading. The strength was due
largely to the advance in wheat and corn also
10 higher prices and good buving and moder-
ate offering. Prices opened &c higher and ad-
vanced &c and closed steady. at &c higher than
yesterday.
Pork quiet A good demand prevailed early
in tie day and the market was stronger. Open
Ing prices were aoaut l5c higher and further
advance of lJ&l115c was gained. Later prices
gradually declined l21a9l5c, but near the close
rallied 7IzGlUc and ruled steady.
Lard-H2ther good trade was reported and
the feeling was Somewhat unsettled though
prices ruled higher. Opening sales were made
at 2196J5 cent advance. and further advance
of 215N5 cent followed. Later the market
ruled easier, and prices settled back again 2%
40 cent bu: rallied 5g71S cent, and closed
steady.
short ribs-Trading was moderately active
and the feeling was steadied. Early prices
ruled sax higher. Later prices receded then
became stronger and decline fully recovered.
The leading futures ranged as follows, as cor
rectcd hy John NJ. Oakley d Co. 45 Sixth street.
members Chicago Board of Trade: