Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-12
UNCLE SAM NOT In IT.
Bears More Than Hold Their Own After
q see-saw Struggle-Corn Shorts Less


Bears More Than Hold Their Own After
. See-Saw Struggle-Corn Shorts Less
Panicky.
CHICAGO-The combined action of sew
eral of the largest local bear operators over
came the effect of a very bullish Govern
ment report, and closed the market at de-
cline since yesterday of &c, and about &c
below the highest price of the day. Outside
business was scant throughout the session,
leaving the market largely in the hands of
local operators. In corn the year shorts are
rapidly recovering from the fright. Pro-
visions were overcome by the heavy re-
ceipts of hogs, and closed lower.
The Government estimate of e53 as the
condition of fal'-sown wheat supplied the
motive for an advance of &c at the start
compared with the closing price of the
previous day. The opening price was just
high enough to tempt bears to sell, but not
too high to keep bulls from buying. There
was big trade for half an hour and, with a
good many dull intervals during the re-
mainder of the session, there was still
enough busy moments to make the average
OF the day fairly active.
From 9914@993sc for May there was =
gradual decline to 9s5s@9s34c. That was sue
ceeded by considerable interval OF bullish-
ness and an advance to 9954c, and that again
by another and a heavier decline than the
nrst, prices sagging steadily until 9Is4c was
reached, the closing beinq at 971Sc. December
wheat sold as high as 9SlIc and closed at
911dc.
In corn January was the strongest option
on the list, the shorts evidently being in
clined to take q lesson in prudence from
what they have seen in November and SO
far in the present month. 1t closed at
1910, compared with 45%c at the end
of yesterdays session. The December
and year deliveries are gradually losing
their terrOrs for the shorts, the transactions
in them during the first hours trading not
exceeding 80, 600 bushels, although the price,
even at the trif1ing amount of business, rose
to SIC compared with 551ac at the
close of the previous session. The last sale
made to-day was at 81 cents. May was strong
during the greater part of the session. ad-
vanctng from 435s@44c, and closing at 4314@
1876.
The oats market was firm, the range OF
prices being only Nc until the last half hour.
Trade was rather quiet and the market did
little but trail after corn. Sample oats met
with good demand for shipments at prices
nc higher. December started at 3311c, sold
to 1890 and hung around the latter price
most of the session; broke to and closed at
33c. May opened at 333sc, sold to 33ss@331c,
to 1890, to 331a@331sc and closed 1T 331sc.
The provision market was fairly steady at
at the yards, and weakening grain markets,
told on prices later and everything was as
its lowest as the market came to q close.
Pork left off with a decline of 10 cents in
January and l5 cents in May; lard u cents
and ribs 10 cents lower.
Rye was fairly firm and moderately active:
No. in store sold at SOC. December at 500
s9l4c, January at 9ol4@9O1lc and May at 96@
961ac.
The leading futures ranged follows. as cor
rected by John NJ. Oakley & Co., IS Sixth street,
members of the Chicago Board of Trade.