Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-19
MARKETS BY WIRE.
Many Ups and Downs in Wheat Due to Con-
flicting Reports-The Hessian Fly Get
ting in Its Work-A Break


ting in Its Work-A Break
in Provisions.
cHIcAGo--The price of May wheat in the
first bunch of transactions was at from 81 00lS
to 81 00A, but the opinion of the maioritv re-
garding the public importance of Kean & Co.
was soon manifested in an advance to 81 OO54.
between which figures and 81 U015 the trading
of the next 20 minutes took place. By 10 o'clock
fresh ground had been broken and 81 0lH was
paid for a few lots, with heavy trading at 81 OF.
Reports of damage to winter wheat from dry
weather and Hessian fly were so numerous and
from so wide an area as to create feeling OF
uneasineSS among the shorts.
The price from 81 0lN worked off to 81 003z,
recovered to 81 OF, declined once more, touch
ing on this stretch 81 003s. From the latter
point there was another reaction in an upward
direction to 81 00h. after which the tendency
was mainly downward and 991sc was the ruling
price l5 minutes from the close. There was
sufficient covering of shorts at the low point to
insure reaction Of Nc, and the last quotation
was 906c@s1 co.
The corn market was nervous and unsettled
at the opening, and there was a good attend
time before the crowd began to realize that
there was to be no contest to-day between the
heavy weights in the deal, as the opinion of the
majority of the local traders favored lower
mand. and they became sellers as
soon as the fear of manipulation was
lifted from their minds. The opening price
was at a fractional decline from the closing fig
ures of the previous day. During the first 40
minutes the tendency was upward. and the
price advanced to 54ss@5454, during the time
wheat was showing its strongest phase. There
was lc decline in the course of the
subsequent trading, and prices were at
about the lowest point of the day as
the session came to close. The last
price named in the pit was 533s. December
which started such a commotiou yesier-
day, was not mentioned more than once or twice
in the course of the day, and only one trade
at 521Sc wss recorded. The Pardridge
selling was continued through several brokers
Oats closed Nc lower than on the previous
day. There wasa fair trade for a short time
after the opening. when the price advanced
from 45asc to, 45110455Sc. Then followed de-
cline to 45lsc. the market being rather tame for
the balance of the session.
There was general decline in all the specu-
lative articles of provisions. and from a decline
of moderate proportions at the opening the
difference to the disadvantage of to-
days prices gradually widened from those
Of the preceding afternoon. Packers with
tho exception, perhaps of the Anglo-American
Packing Company, were free sellers. The
brokers of Armour, Allerton and Swift were
disposing literally of product Tor future de-
livery. Rosenbaum was a free seller of pork.
which was supposed to be for the account of
Hutchinson. Carrying charges wideued on all
articles, pork from January to May being
quoted at one time at spread of 81 05.
The leading futures ranged as follows as cor
rected by John NJ. Oakley d Co., 45 Sixth street,
members Chicago Board of Trade: