Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-13
MARKETS BY WIRE.

CHICAGC-Saturday was the dullest day in
many months on the Board of Trade. No
special reason for it was discoverable, as the
81 tuation has not materially changed, but it
just come about that outside orders were
scarce and local trade was in q waiting
mood. So the pits, during most of the day,
were about as deserted as a last years birds
nest.
Wheat opened at about yesterdays closing
price, was inclined to firmness for time,
selling up good fraction, but finally weak
ened and lost all of the advance and some
thing more. There was Httle in the situa ton
that could be called bullish. The Govern
ment report was not quite 50 flattering as
many had expected, but the promise of a
month ago was fully sustained. Cables
showed the English markets rather firm but
continental advices indicated lower prices
due no doubt to the fact that the reduction
of French duties on wheat and flour went
into effect yesterday.
The weather showed rain in some portions
of winter wheat countries, with low
barometer all through the region, indicating
coming storms. As much of the wheat is still
in shock rain would be regarded as unfortu-
nate, and this helped to cause little stretch
and stimulating buying, but there was a
very little for sale and the backwardness of
sellers was strengthening feature.
The cable adyiceS of famine in portions of
Russia and India and drought and scorching
weather in Spain were about the only en-
couraging piece of news for the bulls. On
the other hand, receipts of new wheat were
generally liberal. los cars reaching Toledo,
of which l04 were contract and l9S cars of
new wheat was received here. 172 of them
being contract. New York bought some
wheat and Logan had buying orders
from st. LOUIS where the receipts are not as
large as yesterday.
Brodstreet's reported a slight increase in
exports compared with the week previous.
The available supply of wheat in Europe
and America was reported at SS, ,400, 600
bushels against 50 1S5, 900 bushels at this time
last year. December opened at Ss14@ssAc,
sold up to sslsc OF to ss2sc, to ss1sc, hung
afternoon, touched sS1zc, reacted to Ss5sc
and closed at SS5sc, on Paris cable quoting
a decline in prices equal to cents per
bushel, because of yesterdays reduction in
the duty.
There was only a moderate business
in corn, the ruling fluctuations cover
ing 5S@A cent range. The feeling was
inclined TO be easier. The Government re-
port was generally interpreted to be "bear-
ish,' but the scarcity and high prices of
cash property made the local trade timid
about selling short" The trade figured
the report to mean an crop of about ,000,-
600, 900 bushels The firm tone in wheat gave
some strength to corn early in the day but
the weather in the corn belt was favorable
for the growing crop and that condition
proved weakening factor later Septem-
Der opened at 514, sold up to 5l5A, broke to
5l1s@5lA, strengthened some, but closed at
5l
Oats were quite and firm early, but eased
off some later in sympathy with corn,
though the fluctuations were confined to
range af * cent.
receipts of hogs than expected and firm
prices at the yards, but trade was very dull,
indeed with fluctuations confined to an ex-
ceedingly narrow range.
The leading futures ranged as follows as
corrected by John NJ. Oakley Co, Is Sixth
street members of Chicago Board Trade: