Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-19
ALL DEPENDS ON RUSSIA.
Awaiting the News of the Wheat Ukase
Makes an Unsettled Market-The Heavy
Expected Advance Fails to Come-Corn
Easier-Oats Dull.

Awaiting the News of the Wheat Ukase
Makes an Unsettled Market-The Heavy
Expected Advance Fails to Come-Corn
Easier-Oats Dull.
CHICAGo-The wheat market did not
show that material advance to-day that
many traders anticipated and that the
weather reports seemed to justify. That 1t
did not is due, perhaps. more to the feeling
of uncertainty that generally prevails as to
tue probable action of Russia than to the
prospective heavy receipts. The bad con-
dition of the telegraph wires during the
early part of the day made it impossible to
obtain full and accurate news from the out
side world, and as consequence the market
was very inactive for a while. When it did
become active influences were very con-
fiicting.
I3rddstreers report of the stock of wheat
was rather bullish, showing an increase of
only l,044 600 bushels east of the Rockies and
| q decrease of 337, 900 bushels west, a net in
crease of only about 100000 bushels. 1t was
rumored that Germany would reduce the
duty on grain one-half. While there was
more or less uncertainty as to the Russian
eGict having become law, vet operators
seemed to place some reliance in the report
TODAY, and shorts were rather anxious to
cover, but they found plenty OF wheat on
sale. But about 1880 o'clock the market be-
came more active on the rumor that the
ukase in Russia prohibiting the export of
wheat had been signed, and then as quickly
The opening was about the same as yester-
day ruled easy and declined 3S@5sc, then
rallied 3S1Lc, ruled steady for while, and
then advanced &c, declined S4@Sc and
closed about the same as yesterday to &c
lower. The Nav future showed the most
strength and the difference between that
and December was widened out to 6s@7c
premium.
The corn market was easier and governed
by about the same influences as on the day
before, of which the fine, cold, dry weather
was the most important. The sale OF NO
vember made this morning was at 5l1sc and
the next at 5n4c. 1t sold as low as 5O7sc,
then advanced to 521sc and closed at 5ls4c.
Year started at from 45@4j1sc, declined to
445Sc, then advanced to 4p1c, and closed at
445sc. May opened at 427sc, sold down to
| 42136425sc, reacted to 43c. and closed at 421sc
sellers.
The oats trade was dull, so far as the
speculative market was concerned. First
prices were about the same as those that
prevailed at the close last night. May
opened at SIC, sold to 325sc to 32l4c, and
closed steady at S2]5@3sssc November and
December were unusually quiet.
The provision trade was fairly active but
prices went off on heavy hog receipts, which
| were reported in a second dispatch from the
yards to amount to 5000, and prices l0c
| lower December pork was found difficult
| to deal in at the nominal ma rket price, and
| had to be bid up or offered down according
| TO the operator who wished to buy or sell.
December pork opened at S. 30@S 40, sold as
high as So so and closed at IS 45; compared
with sS 6215 yesterday. January closed al a
loss of l5c, and May of l212c. Lard showed a
loss at the close at from 5971ac, and ribs
were TIC lower.
The leading futures ranged as follows; as cor
rected by John NJ. Oakley Co.. As Sixth street,
members of the Chicago Board of Trade: