Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-01
MARKETS BY WIRE.
Wheat Nervous and observation-disclosures of
War One of the Leading Factors
Corn Finishes Strong and Oats
WcaIJ-Trend of Provisions.


CHiCACO-On the curb yesterday afternoon
There was an advance in wheat privileges of
about 1c and the opening this morning was on
about that basis. May opened at from 81 05ss
to 81 O5I%. and July, which closed yesterday at
g 025 was in demand a 81 o. to 81 O4@. May
sold up to 81 Oj55 before the offerings became
heavy enough 10 quiet the enthusiasm of buy
crs. The tendency from the time the above
prices were paid until near noon was down
waTd, with good many minor reactions. May
finally struck 81 O4l4 for moment and July
81 OSlL There were rumors of a European
war. The European and English grain markets
were very strong.
Finally the troubles growing out of enormous
advances by English and French capitalists to
tie Argentine Republic were again referred to
IN dispatches ana clearing tendency was
noted IN the wheat belt. These latter items of
news were responsible for a streak of selling
which caused the break referred to. The clos
ing cabieGrams 70 the Board of Trade quoted
an advance II Berlin OF from IL to l15c per
Dushel IN wheat futures. Paris was up ~ to IL
CenUimes on wheat and 50 to 80 centimes ou
-four. London wheat futures were from Id 10
u Al per bushel higher, and Liverpool was
quoted ,i higher in all POSITIONS New York,
81. L us. DulUth and Chicago all reported
sales OF wheat and -four for export ard these
we're the reasons assigned for recovery TO
81 Us, fOr Nay wheat A later reaction on
selling out of lines having = profit in them lett
Jhe price Of May al 81 045s4l 10 and July at
81 O3&. hid.
Either The short interest in corn has been
eliminated in great part, the parties who
lave been putting prices up have dropped out.
This is very apparent in view of the present
condition of the speculative position of the
Geas. With only 100000 bushels of contract
Curn N store and cash corn coming forward by
rail- so slowly that consumers are compelled to
paw lc per bushel premium as well as the stor-
a-C oL lie elevator corn to supply their needs,
the price shorts might be compelled TO pay has
practically reasonable limit. That they are
not nov being severely squeezed would indicate
LlaI The concentrated holdings of a few days
s.,o have been distributed at least temporarily.
The opening was excited and about lc advance
on tic small receipts, damp weather and the
Strength m wheat. The p1ce was yarIously
from 6s$ .G59l &c, which proved to be the nin-
rac!c O., the Cay. There was decline to 671%c
ana a reaction TO 81 at which latter price he
market closed. being only &c higher than it
stopped at yesterday.
] ae trade in oats was very dull at times.
The longs could do nothing unless the shorts
rook fright, which they refused to do. Values
were firm early but weak toward the close.
The provision, influenced by free selling out
Of recent purchases which were carrying a
good profit, sold off and they closed at consid-
cIabie decline since yesterday. There was
some demand at the opening. which showed an
advance III the prices paid Of about Is cents OH
pos but ribs and lard were offered with great
freedom and SUld of at once. Nav pork lost
from IL to 2Oc; RIBS 2Oc, and lard l09l21ac.
The ieadIng futures ranged as Follows. rs cor
rected by John NJ. Oakley & Co., 45 Sixth street,
members OF Chicago Board OF Trade: