Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-30
MARKETS BY WIRE.
The Trend Of Prices In the Grain Pit Still
Downward A Decline in All the
Cereals and Also in Provisions

Inc 1ren0 Oh frlces IN tne Gram flb BULL
Downward "A Decline in All the
Cereals, and Also in Provisions.
cHlcAGO-The grain and provision markets
opened weak and lower than they closed on
Friday, and while the days business had a few
hard spots interspersed the final result was .
decline in all the speculative articles.
The wheat market was heavy at the opening,
and the price of the May delivery started at q
decline of 10 from the closing quotation of the
day before. The spirits Of the local speculators
were depressed by the evidence which contln-
sued to crop up of the far-reaching effects
OF the recent shaking out of the bulls in the stock
market. Money is still scarce even for such
necessary purposes as the carrying of grain and
provisions as evidenced by the widening of the
premium between December and May wheat to
sc per busheI. The receipts here were again
liberal and considerable i'll excess of the est-
matet made yesterday Stocks were weak.
be unfavorable, and gold exchange expected as
possibility within the next few days.
These were the influences under which the
spectators In grain could see nothing but
gloom In the outlook when they Started trading.
The crowd IN the wheat pit was unanimously
on the selling side during the first 10 minutes of
the session, and the May delivery declined nc
under the opening quotation. After this spell
OF Weakness the news which came to hand be-
ing of a less sonber character than the fore
oodings of the Spectators. there was period
OF strength, which lasted up To about II CLOCK.
There was degree of firmness every time
the price of May wheat got to the neighbor-
hood OF 81 OOH. which 1t did several times dur
ing the day, 81 00A being the lowest point
shorts were willing to sell at under those
prices, but. on the contrary, preferred covering
their previous ventures. In the meantime the
difference between December and May had
widened to SIC, and that was the spread pre-
yailng as the market closed. The final trading
in May was at 81 00A@l 005A and December
was therefore nominally worth 9213c, with
nothing doing in the latter at the last moment.
Some of the recovery toward the close was due
to the reported purchase in New York of ten
boatloads for shipment to Lisbon.
The corn market opened weak in sympathy
with wheat, and first sales were made at a de-
cline of nc from yesterdays closing quotations.
The trading was not particularly active at the
time referred to and rather dragged during the
hrst half of the session. Lacking any efficient
support the prices inclined downward, answer
ing in this respect the predominating feeling
of the local spectators, which favors lower
range. Reports from Kansas and Nebraska
were as gloomy with regard to the outcome of
the crop as any previously received. but the
active demand for shipment, which character
lied the closing days of lake navigation, is now
abated and has now to adjust itself to all rail
rates. The business was heaviest in the last
!, half of the session, during which all semblance
of strength was eradicated. and the weakness
developed continued to the end, the closing
the day. The highest price was made imme.
diately after che opening.
Oats were fairly active, but weaker, unsettled
and prices ranged lower The opening was at
Nc decline. but on fair buying by large opera
tor. rallied nc. The weakness in other grains.
and free selling by parties who bought freely
yesterday. produced heavy feeling, and prices
receded &c rallied slightly, and closed easy nc
lower than yesterday.
Pork-Only fair trade was reported, and the
feeling was easier. Opening sales were made at
l5@20c decline. Later, prices rallied 5G712c, and
closed quiet at about medium figures.
Lard-Quite good business was transacted.
Opening sales were made at 71aG10 decline, but
moderate buyiEg tended to steadier feeling,
and prices rallied 21a@5c Later. prices settled
back again, and closed quiet.
Short Ribs-A fairly active trade was report
ed, and the market in a general way was easier.
Prices ruled 214@5c lower, and the market
closed quiet at inside figures.
The leading futures ranged as follows as cor
rected by John NJ. Oakley q Co., As Sixth street,
members Chicago Board of Trade: