Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-22
MARKETS BY WIRE.
Improvement in the Financial Situation
Causes a Boom in the Chicago Grain
Pit-Higher Prices All Along
the Line-Pork Firm.

the Line-Pork Firm.
CHICAGO-The entire list of speculative
commodities started in open revolt at yester-
days weakness, and as a fitting answer to un-
founded rumors which had been set afoat after
the close of Change. The firmness at the
opening was added to as the day progressed.
and closing prices were about the best of the
day. The great majority of traders were ready
to support prices at the opening. even without
such encouragement as the news of the day
afterward afforded to the market. May wheat
which closed yesterday with sellers at 971sc,
opened excited and irregular with trading all
the way from 9634@g713c, and there was an up
ward shoot Immediately to 91sc.
Notwithstanding the heavy failure at Phila-
delphia, which proved to be more serious than
was at first thought. there was more serenity
in the financial skies at London and New York
than had been seen in a week, and the stock
market, while not strong, was devoid of pan
icky features The unexpected heavinesS OF
the buying orders in the market soon created
alarm among the shorts, and after May had
reached to yTL", and had played for short
time around 9T5sI9T34c, it swirled upward in
side of a few minutes to 9S1sc. There was
another reaction which forced it back to CSC;
and these were the changes during the first
half hour. There was no further huctuation
of moment until toward IL o'clock. when
another boom commenced which only stopped
after 991sc had been paid for some few lots.
Those who had short wheat were the best and
the heaviest buyers. but there was also some
good buying on long account. One house
which has extensive English connections
bought freely at from 9711ro CSC. Purchases of
wheat here for export were spread about but
could not be traced to any reliable source. The
market hardened remarkably, and about half
an hour from the close the price had advanced
to 1910. During the greater part OF the session
December followed May at discount OF &c, but
the trading has now centered in the more re-
mote delivery. There was no abatement of the
SHft ri lot nj nj
cember we're made IN the list, and of May ].
The opening price of corn was very much
mixed. There were sellers at sic, with no
buyers in the neighborhood of such offers, and
while buyers and sellers were trading at the
same moment az 5l4c across the pit. There
was sale or two at 5l1sc but the great hulk of
:he business at the opening was at 5lAc. IL
Immediately advanced to 52c, and during the
first half hour moved up and down several
times between 5ls4c and SIC. The market
strengthened in sympathy with wheat and un-
der the action of the shorts, who came in very
freely, more especially toward the close. The
highest figures of the day were made close to
the end of the session. They sold at 52l@
525sc. The closing price shows an advance of
lc Since Yesterday. The buying of Partridge
and Hutchinson was the most noticeable
feature at the start. Partridge was supposed
to be covering shorts. Hutchinson became
seller on the first advance, but changed from
one side to the other many times in the course
of the day.
safes were at 4esZsC uec'ine' iLS1S ooVh oe
gan to move uD, and advanced l1s@lzc, yielded
little but closed strong at full outside figures,
and at an advance of T@lc over yesterday.
Pork-Quite good trade was reported, and
prices ruled irregular. Opening sales were mea-
ger at 21ad5c decline, but prices gradually ad-
yanced 3O035c. Later a dropping feeling set in,
accompanied with reduction of l5@20c, but
rallied again and closed firm.
Lard-Considerable interest was manifested
and a larger business was transacted. Early in
the day the feeling was stronger, and prices
rallied 71l@l0c, but later declined 21a@5c. Near
the close the feeling was stronger, and prices
advanced to outside figures and closed steady.
Short Rib Substituting was quite active
and prices fuctuated considerably. Early in
the session the feeling was stronger. and prices
GRADUALLY advanced 10Q1215c Later prices SET
tied pack again 5@714c with fair trading. Toward
the close the feeling was frmer, and the mar
ket closed at about outside figures.
The leading futures ranged as follows, as cor
rected bv John NJ. Oakley d Co., As Sixth street,
members Chicago Board of Trade: