Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-23
MARKETS BY WIRE.
Bears Continue to Have the Upper HAND In
Wheat Deals, and Corn, Oats and
Provisions Follow Suit With
Lower Quotations.

Lower Quotations.
CHICAGO-The excitement in the wheat pit
on the Board of Trade was continued today:
As on yesterday the bears had the best OF 1t
and they improved their opportunities by 1orc-
ing further reduction in values. There were
occasional rallies but the general tendency
was downward. The other articles dealt IN
sympathized with the weakness in wheat anu
show a material loss in prices. At the tap OF
the opening bell the bears Swarmeu mo the
wheat pi;, apparently resolved to recoup them,
selves for the losses which they sustained
during the recent advance. They played Doid
game and their onslaught was 1rreslstiole'
The new contingent which led the recent aa-
vance was selling out its wheat and most OF the
local bulls followed their lead. though tney
were inclined to buv on the breaks. by which
they were losers as the breaks came In loo
rapid succession.
The hear contingent seemed to call the mar
ket successfully al times and got the beneht OF
all the action there was in 1t 1hey put OUT tnelr
wheat on the hard spots, took 1t BACK on fhe
breaks and again flooded the market when II
rallied Bulls who had hoped for the price 10
take decided turn higher were in this way
drowned out several times.
English cables were steady and firm. and
London quoted cargoes higher. Later cables
were all lower, with Liverpool showing ~ de-
cline. London was quoted easier. ana farls
SC@90 centimes lower Tor flour and 10 eentlmes
lower for wheat for future delivp1G the latter
equal to about 41sC per bu4tS decline.
Domestic news was mostly bulilsh- Dtuu-
streets reported decline for the week OF J, ,ou0-
the Rockies aBd decrease OF 3OO,OOO bushels
west. On the other hand the weather was re-
ported as more favorable in France Tor the
growing crop. The receipts in the Northwest
we're somewhat larger. July wheat started at
81 l0E7I l0I% sold off to 81 09es, recovered 10
81 lO16 ana then broke to 81 LS3s. After rallv-
ing to 81 O9s1 il again eased of TO 81 OSts. CLOS
Ing weak at 81 0Ss4Q1 OS5s. May opened at
81 l21l l216. and sold off to 81 lO54.
Corn was as weak as wheat Orders to sell
came from shippers and outside spectators,
as well as from the local bears. The latter
covered some of their shorts sales on the
breaks July started at 6CszG6Tlzc, broke to
663Sc, rallying TO &c. broke again to 66c and
ranged around 614 4G6611c.
Oats followed closely, and was very dnll
throughout the most of the session, except Tor
the weakness which eliminated i'll a break OF
lLc.
Provisions opened weak IN sympathy with
the grains, because of heavier receipts than
were expected. There was slightly stronger
feeling as the session advanced. July pork
started at Sl3 20, sold to Sl2 so and recovered to
SD S715 Ribs were weaker relatively than
pork at the start, but later that condition was
reversed. Ribs were l242Gl5c lower at the
close than OH Tuesday, and lard lOc lower.
The leading futures ranged as follows. as cor
rected by John ". Oakley & Co.. 45 Sixth street.
members of Chicago Board of Trade: