Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-22

Bulls EIeet With Poor Success in Trying to
Push Up Wheat-A Big slump in Corn
and Pork - Oats Unsettled Rye
Steady.
CHICAGO Prices on the board ruled
| lower all around to-day, but the feeling was
still feverish. In the wheat pit the bulls
| made several attempts to score higher
| prices, but were met each time with deluge
of wheat from the longs, who found the op-
portunity for realizing too tempting to be
resisted. Great export clearances, strong
| cables and rumors of q probable removal of
German duties were the news of importance.
Free offerings of corn gave the impression
that the alleged clique of New Workers was
endeavoring to unload that cereal, and
caused a severe slump. The tendency to
take up the October option was also a dis
turbing factor in the September future.
Oats were very much unsettled, the market
exhibiting broadening tendency.
Wheat opened strong and higher, Liver
pool being up 2@215d; London Cd up. and all
domestic markets higher. Shorts were
nervous and made n rush to cover, and first
sales of December were at 81 0S%, though 4
few lots changed hands at ST. CO. Prices
however soon started on the down grade
On the first symptom of weakness New York
sent selling orders, and then the Northwest
also began to sell and the depression in
creased. Then came cable from Paris,
saying the Russian Government had an
nOunceu tnat III WOulQ not prOnlDlt the eX-
portation of wheat, and this was followed
by private cables, reporting drop of I'd in
Liverpool from the opening, and there was
wild rush to sell, which eventually re-
suited in drop of cents from the start
December went off to 81 052s
Early in the last hour of tne session wheat
got strong again on the big exports and late
cables which quoted markets higher on
August and 81 marks higher on September
and October. December went to ST. O7L<
weakened again and December closed at
81 O51@ or 13sc under yesterdays closing
price.
Corn opened slightly higher, with septem-
Der ut 67ll416715c. Prices quickly slid down
other collapse to 651 &c, an advance to 66c and
final close at 6572c. Trading in September
was severely let alone, October being the
favorite option. September closed Exc
lower than on Thursday, while October de-
clined only &c, year only &c and May even
gained &c.
Oats opened excited at an advance of Ia
&c, buying orders being numerous and
little of the grain for sale. Realizing by
'1ongs" turned the tide later and prices de-
clined 3I@I4c. The market then fuctuated
up and down frequently, and closed 1661IIc
higher than on the previous day, September
closing at 3134c The country bought freely
and covered short sales.
Pork followed corn, strong at the opening,
followed by weakness later in the day.
September started at $40 350lO 40 and de-
clined to $40 20. January was relatively de-
clining from s13 12113 to S13 10 Lard and ribs
Der and October declined &c and january
PIC.
Spot rye held steady, while futures worked
easier. There was good export demanc.
The receipts were enormous at POS cars, but
the offerings were light.
The leading futures ranged as follows, as
corrected by John II. Oakley & Co., 4j Sixth
street. members of Chicago Board of Trade: