Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-10
MARKETS BY WIRE.
The Speculative Boom at Chicago Brought
to a Sudden Halt-A Drop in Prices
All Along the Line-Fine


to a Sudden Halt-A Drop in Prices
All Along the Line-Finc
Crop Prospects.
CHICAGO-The foreigners were firm and
again sent buying orders to this country for
liberal quantities of both wheat and flour; but
it needed sensational doings to sustain yester-
days prices here, and only a continuation OF
the former condition of things was advised, and
holders here who have accepted the bids made
by the shorts yesterday for large lines oil their
holdings were not averse to reaction. wheat
for May opened at 81 05lL and closed at 81 O41s
hid. July from 81 04l at the start sold oil to
81 025z and closed at The bottom OF the day .
ranges.
The early cablegrams showed that there was
no abatement of demand for wheat in England
aud France yesterday afternoon. An excited
and higher market which The circumstances
appear to warrant, was not forthcoming, now
ever. Many of the more timld or the snorts
had covered their lines yesterday, and the local
crowd were doubtful if anything hut the actual
taking of more wheat. and that in large quantl-
tics, would be effectual in preventing break.
In this temner and in the changed position
toward the market of many of the heavy oper-
ators the opening price was about on level
with Yesterdays Close The news which came
in later was of the same general character rs
that of the previous day, but was not strong
enough to overcome the general desire of the
crowd for decline. The price of May from
around 81 05l at the Start worked gradually
downward until it was selling at 81 0i3a, and
July from 81 0iL4 receded gradually to 81 O31s.
There was a sudden bulge following this,
which sent prices hurriedly back to tie open
ing but the latter was deemed insufficient and
selling once more was the dominating feature
IN the pit. The cause of the advance was re-
ported takngs for export of some liberality at
the Eastern and South hern seaboards and at Chi
cago Minneapolis and ST. Louis. Against this
report fire crop prospects countervailed. and
the price went down and stayed at the bottom
till the close.
The corn market was firm at the start, in
fuenced by the wet weather and the strength
of wheat. First trades were very irregular.
prices ruling at that time not again sue
Seeding There was gradual decline In SYM
bathy with wheat until G51sc was reached,
from which there was sudden upturn to 6734c
A subsequent reaction following the lead of
wheat left the market weak and near its lowest
point.
The fluctuations in oats were numerous. but
transacted within a range of &c.
Provisions were heavy and Tor the most part
dull. There were more hogs at the yards than
had been looked for. and at six Western mar
keIs receipts exceeded those on the correspond
ing day year ago by Il, 900 head. The pack
age in the West for the week numbered 0l0. 900
against 10000 last year. Prominent packers
appear willing to supply auyS reasonable de-
mand, and prices could not be sustained. The
opening was under yesterdays closing figures,
and the closing prices the lowest of the day.
The leading futures ranged follows, as cor
rected by John VI. Oakley & Co., 45 Sixth street,
members of Chicago Board of Trade: