Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-27
MARKETS BY WIRE.
Wheat Bulls Gcta Black Eye-An Early Ad-
vance Succeeded by Tumble
Corn and Oats Follow Suit
Provisions Let Go.

Provisions Let Go.
CHiCAGO-There was very fair division OF
opinion IN the trading pits when business COM
menced, but when the time came to adjourn
over to-norrow's holiday bullish sentiment was
badly weakened. May wheat advanced 10
81 OSIs, and was well held for about five min
utes around 81 0S115, and good demand spring
ing up for July it roseto 81 Off. Corn was sopro-
nouncedly soft, however that short sellers of
wheat tumbled over each other in their efforts
to take advantage OF what demand was still re-
naming The price of the May future broke
to 81 025S, hesitated a few moments around that
figure and 81 03 and then made plunge to 81 02ss,
and possibly a sale or two was made at 81 O2Q
O21L. July sold of at the same to 81 Oo5s.
May wheat recovered back of the lines of local
shorts. The advance was only temporary, how
ever; it rose to 81 OPS. but gradually worked
back to the lowest figures named above, and
the latest trading was at 81 02ss tor May. and
81 00lz for July.
The corn market was again the scene of ex-
citement similar 10 that of the last few days.
The vet weather, the small receipts and the
tirmness at the opening OF the surrounding
speculative markets in addition to advices of a
very bulgy foreign situation gave some conh-
dence to those having large holdings. The
opening price for May was &c. OF &c higher
than Ii closed yesterday. and July started with
an advance of about sac. Nav advanced to
6S1 &c and July TO 66s4c almost immediately, and
then the bears commenced an excited run
upon the market which broke it and the smash
was disastrous 10 the holders and buyers were
overwhelmed with stuff whenever they made
bids The principal fluctuations in the May
delivery were from Csc at the opening tn 6S115c.
to 67s4c, size, 6714c, 671lc, and its sensational
break of the day Carried prices of suddenly to
CSC. There was 4 recovery to G6c, and the
closing quotation was 655sc bid. July ranged
from &c early, then GS15c, and recovered to
GA 4lxa6issc at the close.
Ihere was free selling of May oats by the
longs who we-G also good buyers of the July
future and the latter was consequently the
stronges. all day. TIE highest prices of the
day we're made early in the session. The mar
ket weakened after the opening and gained a
little strength to the close. May started at
541Sc sold to 545sc, TO to Sc at the close,
indicating IL decline. July declined 1c,
closing Nc lower. Receipts l65 cars
The provision market opened weak and
lower but in the face of some buying by the
packers the selling pressure was not very
strong May pork opened at from sl2 % to
Sl2 IL sold at SO 10, off again to Sl2 90. theu up
to So 20, following which fuctuation came the
break in corn. when the price slid off to Sll 81
recovered to Sl2 90 and closed at Sll 92131 or
net-declIne since Yesterday of 1T1ac. The re-
sulr of the trading in lard ANA ribs was loss
OF 715c in the former and DC in the latter.
The leading futures ranged as follows, as cor |
rected by John NJ. Oakley & Co., 45 Sixth street.
members of Chicago Board of Trade;