Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-12
MARKETS BY WIRE.
Wide and Rapid Fluctuations in Wheat-A
Gain Scored at the Close-Another
Bulge in Corn and Oats-Pro-
xisions Hirher.

visions Higher.
cHIcAGo-There was general desire to sell
wheat at the opening to-day, and loudly ex-
pressed wish to get some corn. The wheat
traders changed their minds in short time and
many times thereafter In the course of the
days proceedings but those who wanted corn
were so i'll supplied that their plants became
louder and louder until after bidding up to
6211Ic for the May delivery the more pressing
requirements of the greater number were sat
isfed for tho time.
Wheat opened Ic lower and closed &c higher
than yesterdays latest trading prices Corn
started with buyers but no sellers at the last
quoted prices of the day before. and closed at an
advance of &C. The Government report on the
amount of these cereals still in farmers hands
issued after the close of trading yesterday af-
ternoon had much to do with the course OF
prices. The arithmetIcians of the Board of
Trade had been busy over night penciling out
its bearing upon future prices, and to judge
from the rush to sell wheat at the opening the
m majority had concluded that the figures fav-
ored lower prices. The first sales of May were
at 81 O015. The cables came firm.
After the advance referred to above short
on the cIearances and export business there
was another upturn, reaching as high point
as before, but that was crowded down when
the last public cables gave closing quotations.
Berlin quotations showed a decline of l74c per
bushel. Paris London and Liverpool were
practically unchanged, and prices here went
off rapidly until about 1880 P. NJ. May wheat
once more went down to 81 00M. The market
acted feverish and irregular IN the last half
hour with both buyers and sellers apparently
timid and needing but slight influence to cause
them to change their opinion. There was an
other advance to 81 0lA for May and 9S1ac for
July.
The Government report brought no relief to
the shorts in corn; $40, ,000, 900 bushels in far
mers' hands was evidently not regarded as
enough without the enforced economy TO come
from higher prices. The Government repsrt
did not change the relative positions of the
contract corn here, only 13S, 900 bushels of corn
here, and only one car of that grade in the
days receipts, it is not to be wondered at II the
shorts become occasionally alarmed as they did
to-day. Nav opened very strong, with scarcely
a sale until Sic was paid: the price rose to 6lZc,
at which considerable business was done. Later
it sold off to 605sc and after that it could not be
supplied fast enough until it struck 62hc. be-
tween GIG and which price very little could be
picked up There was reaction to 6l5zc, and
a firm closing at 62ssc.
There was a sharp bulge in oats that carried
the price up to 5315c for May delivery, thereby
scoring an advance of l1Sc on the highest price
previously attained. The market was active
and excited. with good buying by the shorts and
comparatively few sellers.
The great strength in the corn market created
demand for hog products, which could only be
satisfied at considerable advance in prices,
and that occurred in the course Of the day.
Such of the packers as were short bought
rather freely. and the offerings became light.
The opening of the market was easier.
The leading futures ranged as follows, as cor
rected by John NJ Oakley & Co., 45 Sixth street,
members Chicago Board of Trade: