Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-23
A LIVELY UPTURN.
cHIcAGo's PRODUCE MARKETS SHOW
SUBSTANTIAL GAINS.
The Effect Of the Failure of the Rolling
Stock Company Temporary Only
All Prices Up.
lpr telerr.ph o Fac pl.pa.ch.l

CHICAGO, November 22.-There was
lively upturn in the markets and sub
stantial advances were maintained at the
close. The resting figures show gain
Of &c. in wheat, 1c. in corn. &C. in oats,
and 25c. in pork. Wheat opened quiet
but firm at about the closing figures OF
the previous day. May wheat changed
hands at the start at from 99i TO $3.50.
but quickly advanced to 81. December
was in good demand, but sellers Of that
future could not at times be found when
wanted, and from this cause, buyers be-
ing in .he majority, the difference be-
tween II and May narrowed 10 about
&C., which spread was maintained du-
ring the greater part Of the session. The
price gradually advanced until May sold
at Sl.00., and it had reacted 10 about
81. Coz at the time the failure OF the roll
ing-stock company was sprung upon the
trade, The price tumbled at once 10
995c. There were too many shorts wait
inc for a chance 10 cover 10 allow the de-
cline to 90 very far, and the reaction on
their buying was as quick as the decline
which preceded il. II was very soon
sold as high as on the first advance, and
during the remainder Of the day there
was but one course in the tendency Of
prices and that was an upward one.
For some time May Huctuated between
991c. and sL00i. But upon several
items OF bullish interest the market be-
came rather excited and May advanced
to S1.00I and December to 94tc.
CORN ALSO NERVOUS.
The same nervousness which prevailed
among those having short wheat was no.
ticeable among corn spectators. The
price at the opening was about &c. higher
than it closed on Friday afternoon.
May started at 53c. There were some
sales at size, and the market worked
off from 53c. TO 52ic. Fluctuations
were for some time confined to the
range already given, but when wheat be-
came so very strong corn sympathized,
There was a decline to j2fc on the roll
ing stock company's failure, but the re-
covery was rapid. The latter half OF
the session saw an advance Of &c. from
the lowest point. Oats fairly active,
stronger, and higher, and after an adj
vance of 3c. the market closed steady at
almost outside figures with net gain OF
Jasc. Pork was fairly active and prices
somewhat irregular. Opening sales
were made at a7jal0c advance, and then
& reaction of &c. followed. Later prices
rallied l0c. and reduction Of ljc. was
submitted 70. At this decline the shorts
bought moderately and prices were ad-
vanced 20a2jc., which improvement was
fairly well supported TO the close. Lard
was moderately active. Opening sales
we're made ut a DC. advance, and
further appreciation of 2iajc. followed,
with moderate trading. Later prices re-
coded somewhat Toward the close
prices rallied and closed quiet. In short
ribs rather q good business was trans
acted and prices ruled irregular within
moderate range. Opening sales were
made at a 2!a5c. advance, and further
improvement Of DC. was gained. Later
prices receded 5s7 c., rallied ja1ic., and
closed steady.