Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-25
EVERYTHING is LOWER.

A Sharp Decline in all Grains and Proyi
sions, Succeeded by Only a Partial Rail,
The Frost Scare Doesn't Amount te
Very Much.
CHICAGo-There was a sharp reaction
on in all the markets on change to-day. I'm
mense receipts and easier cables more than
offset heavy exports and reports of damage
by frost, in the wheat pit. There was 9
rally, however, from the break, and Decem
beT closed only &c under last nights final
figure, at 81 O43l.
The frost line was found too far north to
seriously injure corn, and in the face OF
actual receipts of S22 cars here to-day and
prospective receipts of 936 cars for to-mor
row values went TO pieces. Traders jun ped
on the market with both feet September
broke from Csc to Gle and October from 62Isc
to 57c. Prices were but slightly improved ut
the close.
Large sales of pork knocked the bottom out
of that market, prices declining 25 Liberal
purchases caused a reaction later, and the
close was only Eye under Saturdays last
figure.
AT the opening the feeling in the wheat
pit was strong on reports of frost damage in
the Northwest, which was variously esti-
mated up to 25 per cent. There was also
good buying here ON Northwestern account,
started at about 81 o6, and sold during the
first minute or so Mt 81 0534 to 81 CO.. 1t was
quickly up to 81 O61@ The frost damage talk
turned out to be chiefly sensational, while
lower cables, increasing weakness in New
York and free selling orders from there
gradually brought the bull feeling to halt
About the same time there was a break of
nearly cents in corn, and the crowd soon
went over TO the selling side, causing drop
OFF, cents, December selling off to 81 0i15 re-
acted to 81 05l4, but again started on n grand
clump and fell to 81 035s. The visible supply
showed a decrease of sos, 900 bushels greater
than any one expected, but trade was slow
and heSitating. The market rallied some
what, leaving December at 81 O4s4 at the
close.
Corn started OFF with good deal of vigor,
and IL looked at one time as if the bulls were
in full control. The frost talk was the chief
lever used for lifting prices, and during the
first five minutes September sold from "a to
there were apparently unlimited quantities
for sale at the advance, and the clique,
seemed anxious to lind purchasers for its
large holding. October especially was
offered freely and soon began to break, pull
ing September down with it. Later the big
receipts Tor tomorrow, 9S3 cars, added to
the weakness. October sold from 62 early to
53, and September from 65 to 81. There was
an increase in the visible supply for the
week of 3S4 600 bushels as compared with
decrease of $4,000 bushels a year ago
There was recovery of about cent from
the lowest price, October closing at IS and
September ut 6233, net loss of 25s cents for
the former and cent for the latter.
The oat market was very firm at the open
NHSh PRICES NGIS l4lA Ludh otIUI-
days close. September started at 3lzc and
May at 35c. The last named future touched
351sc, when tine market weakened under in
hIence of free selling and the decline in
other cereals. September dropped to 3012c
and May to SAC, when there was a reaction
to Sic and S433sc respectively. The close was
at SO1sc for september and S42sc for May, in
dicatlng &c decline since Saturday.
There was considerable fiuctuation in the
price of rye, though the tendency was down.
ward. Last prices were lGl1ac lower. Sep
tember sold at 93@9615c and closed at 94c.
Receipts were enormous.
The provision market was heavy and dull
for the most part. Pork closed to-day 100
l215c lower than on Saturday, lard 21ac lower
and ribs at decline of &c. The bulk of the
operations, so far as the packers were con-
cerned, was in the way of selling the latter
futures against purchases of September for
what profit appeared in the carrying
charges. \ good deal of long pork was sold
out on stop loss orders. The range in Sep
tember pork was from $40 10@9 90 and in
lard Sc 55@6 4I315 and in ribs from S6 5596 AZ.
The leading futures ranged as follows, as correct
ed by John NJ Oakley Il Co., IS Sixth street. mem
bers of Chicago Board of Trade: