Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-23
CEREALS In THE OLD RUT.
Wheat Weak, but Gains a Cent-Corn Irreg-
uIar and Drops Cents-Oats Weak on
Very Heavy Receipts-Provisions Dull

Wheat Weak, but Gains a Cent-Corn Irreg-
ular and Drops 2 Cents-Oats Weak on
Very Heavy Receipts-Provisions Dull
and Lower.
CHICAGO-The feverish condition which
has characterized the markets on the Board
during the past week is gradually abating.
1t was quiet day in the pits and the spec
ulative markets were rather dull and unin-
teresting, with the single exception OF corn,
which scored drop of cents for Septem.
Der. A feeling of much weakness pervaded
the wheat pit at the start, December selling
Ac under last nights close.
The first trading was 81 041s@1 N1a for De-
cember, with light business at 81 %; there
were tree outside selling orders, and the
local scalpfng crowd also sold. After the
first half hour, however, the market grew
stronger. The demand became better and
up gradually to 81 o555s. and at 1O:45 was about
81 05A. A quick drop to 81 Oh followed, but
without much business at that figure.
The market later on recovered somewhat.
able time around 81 O474 and sloa5ss,
when better cables, wet weather
abroad, the large exports for the week re-
ported by Brddstreets and the fairly liberal
clearances from Atlantic ports yesterday,
turned the feeling rather strong. Shorts be
gan to buy back on reflection what they had
previously sold on impulse, and there was
gradual appreciation to 81 O51s; reacted to
81 Of9 and closed at 81 05
Corn was irregular at the start. The feel
ing was weak with free offerings, and as nc
ono appeared to support the market there
was steady drop from 6414@64ssc for Sep
tember to 6334c. On the decline there was
good buying, partly by shorts who had a
good profit in sight, and partly by operators
who sold August and bought September,and
there was q gradual rally to Csc early, off to
6354c, and at II O'Clock was 6334c. October was
traded in very freely and sold at 61@62c.
There is little talk of the clique now, and
the belief is growing that the September re-
ceipts will be all or more than they can take
care of.
Heavy receipts made the oats market very
weak at the opening, when prices were 80
&c below last nights close. A decline of &c
occurred Immediately, selling orders being
numerous. A firm market and good demand
for cash oats impaired Il stronger tone to
the market and prices advanced 54@11sc, re-
last prices L@13c lower than those that pre-
vailed at the same time yesterday. Receipts
were enormo us-411 cars. Spot rye was in
good demand. No. in store sold at 94@951ac
and closed at the top. September sold at 90
@95c and October at 95c.
The provisions market was dull and heavy
with the trade for the most part confined to
opened at $40 10 with some sales at the same
time at 81 OH. There was slight rally to
$40 To- and the closing price was $40 1211,
compared with $40 20 yesterday. October
followed a similar course, closing at $40 27]4,
and January declined Is cents. Lard was
resting at about cents below yesterdays
quotationt. Ribs likewise fiuctuated mar
rowly and closed 2H cents lower.
The leading futures ranged as follows, as
corrected by John NJ. Oakley & Co., 45 Sixth
street, members of Chicago Board of Trade: