Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-06
MARKETS BY WIRE.
More Vim in Speculation in the Grain Pit
Better Prices Scored All Round
Weather Bulletins at the Bot

tom of the Squirt.
CHICAGO - The speculative markets on
Change to-day averaged strong and closed
higher than on Saturday. The closing quota
tion for May wheat was 9Ss1c. compared with
9Sc on Saturday. Corn was quoted at 531a@
5355sc as the session was terminating, against
53ssc on Saturday. Provisions acted strong on
the smaller receipts and higher price of hogs,
and the expectations that the recent immense
slaughter of the innocents is over.
On the curb previous to the commencement
of the regular business there was accession
of strength in both wheat aad corn, which had
its source in the weather bulletin for the month
cf December, in which it was stated that wheat
had deteriorated in condition owing to the
drouth experienced throughout an extensive
area of the winter wheat country. The early
cablegrams likewise tended to the creation of
the strength with which the market opened.
The principal part of the trading at the open
ing was at from 9S1sc for May. There was a
counter current of feeling which could not find
due expression at the opening market
There were several fluctuations over range
OF about &c; once the reaction carried the
price down TO gzsc. and again it advanced un-
I'll 981sc was paid for one or two small lots.
The price after reaching the altitude last re-
ferred to sagged back once more to 9S1sc, but
the reported taking of 40,c00 bushels Tor ex-
ports from Baltimore closed the market strong
at wtbin~1sc of the extreme point touched
during the session.
The trade IN corn was heavy after the first
hour OF trading. 1t was easy early in the day
on account of the local receipts being IT'S cars
instead of96 cars, as estimated on Saturday.
There was rumor that the forthcoming Gov
ernment report would show a less quantity
than has been commonly figured upon by the
spectators, and there was very sudden and
material advance, during which some orders to
buy and sell at certain prices were impossible
of execution. so rapidly did the Dyice shoot Up.
The opening at about the same price it
had closed on Saturday, which was $3.50 for
May. The first move was downward as al
ready indicated, and sales were made at 5234c
On the advance which followed it rose to 531sc
From around 534c on this advance the add1-
tion &c was added inside of five minutes
There wrS fair trade in oats at slightly bet
ter prices. The trade was in smaller lots, how
ever. and pretty well distributed among the
crowd. Aldrich led the buying. The first sales
455sQ46c. 10 1876 ON estimates of z06 cars for
Tomorrow. Thence the price worked up to
Acc and closed strong at nc over Saturday at
45IsG46c. The first sale of February was re-
corded at 1910, January remaining nominal.
In pork quite good speculative trade was
reported and prices fuctuated frequently.
Opening sales were made at 10Q1215c advance,
IL. l2@20 and closed steady.
Lard-Rather an active business was trans
acted and the feeling was decidedly strong.
Prices on the whole ranged 507ac higher, and
the marker closed rather firm at the Improve
ment. 'f
Short Ribs-The market attracted consider
able attention and trading Nss quite active.
Prices on the whole range were advanced log
124c, and the market closed rather steady.
Inc leading futures ranged as follows. as cor
rected by John ST. Oakley & Co., 45 Sixth street,
members Chicago Board of Trade: