Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-01
WHEAT AWAY UP AGAIN.

December Advances as High as 81 O4 3-4-
The Hungarian Estimate of Hexvy
Shortage in the Worlds supply the
Moving Factor-Proyisions Steady.
CHJCAGo-wncat went booming again to-
dag, ans, ut the top figure of the session,
scored an advance of nearly SC, compared
with the closing price of Saturday. The
sentiment of the trade was exactly the re-
verse OF chat which prevailed last week. The
change was due 20 the higher cables and
haa weather in England, and the Hungarian
reports showing a shortage of from l23, ,0O0 900
20 lxhOOaee0 bushels in the worlds wheat
crop, and of $4,000 600 to asS 900 600 bushels in
the rye crop, compared with the average
yield.
The session was one full of excitement,
and the nervousness of operators bordered
on that shown during the recent rapid ad-
vance, when wheat sold up TO 81 "A. Many
operators went heavily short during the de-
cline-of the latter part of last week, and at
the opening this morning they wore clutch
ing frantically at the heated rungs OF the
fro escape. -F
December opened excited, with anywhere
between 81 CO.'S and 81 OH paid in different
parts OF the pit, against 1890 at the close on
Saturday, and as the local trade was largely
short there was the liveliest kind of scram-
bling to get the meager offerings which
were rendered at the advance Everything
in sight offered at those figureswas snatched
with the greatest aviditY, and 81 0ls4 being
Immediately bid a big business was done at
the higher quotations named There were
some lew sales at 81 OI7s and one or-two as
high as 81 OF before sellers came forth in suf-
flcient numbers to cause any reaction:
The call price having thus early in the day
been reached selling against those privil-
eyes became the order of the moment, and
in the course of the next 10 or 20 minutes the
price was beaten back to 81 COZ. The Sus-
pension of Henry Towner trading as Rum
sey Brothers who had been heavily handi-
capped by some long time privileges he had
sold, became known about the time OF the
decline last noted, and the buyfng-in OF a lot
of wheat due to the cause started another
up turn during which the price rose briskly
is 81 O215 After another reaction to 81 0lM
the price shot up once more, touching 81 OSk
on a rumor that the Vienna congress OF con-
tinental millers and grain merchants made
the worlds crop even more heavily short
than the figures given by the Hungarian
Government estimate. December went up
to 81 0asS The buying continued with great
energy to the close, the last trading price
being 81 o., net advance since Saturday OF
4ssc.
bears 1t did not Immediately respond to
the excited advance in wheat at the start,
but it could not wholly ignore it, so that not
wIthstanding the receipt of 1850 ears, of
which lOl2 were OF the contract grade, the
market opened strong at advances on Satur
days closing price, and with many irregu-
larities. The price advanced above the
opening figures from ~ to s19e; and finally
latest trading price for October.
The fluctuations IN oats were narrow until
near the close, when few orders came in
and the market made squirt, as sellers were
very scarce. Last prices were the highest
made and showed an advance of A@lc since
Saturday.
The largest quantity of rye that ever came
on this market arrived to-day, but values
were well maintained, as good deal of it
had been sold to arrive. The close was: cash,
SSc; September, S7s1c; October, SSc.
The receipts OF hogs were about as expect.
ed, and the price reported from the yards
was about steady. There was nothing, but
the perturbed condition of the shorts in corn
to disturb the provision trade. The chang
ing was the sole feature of the days bust
ness, and at the close prices, though higher
than on Saturday, we're not significantly SO.
The leading futures ranged follows cor
rected by John M. Oakley & Co., IS Sixth street.
members Of Chicago Board of Trade: