Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-25
MARKETS BY WIRE,
Wheat Makes an Early Bulge, but Loses
the Advance and Something More
Corn and Oats Strong and Ac-
tiYc-PrOVisions Soar.

CHICAGO-Everything in the speculative
pits on the Board of Trade vent soaring dur
ing the early part of the session to-day but
later the buying furore gave way to one otsell-
ing, and all of the sharp advances made over
last nights closing figures were lost with some
thing besides, in most cases.
Wheat opened with 4 boom, with sales all
along the line from 81 05 to 81 06 Tor the May
option. against 81 0i15 az the close yesterday.
Cable quotations of me English market were
contradictory. BGllish news for the first half
OF the session went for a very great deal, while
anything of an opposite tendency was immedi-
ajely lost sight Of The shorts were still feeling
the impetus of the pace with which they were
hurried along yesterday, and the bulls kept
them on the run without a breathing spell un-
I'll their own ends had been accomplished. That
was after they had agitated the shorts that
they bought blindly aud reCklessly, upon which
opportunity the bull pilings were dumped.
Price fluctuations could scarcely be followed in
the first hour eTratIc were ihey, but the trend
was upward; up to 81 OG. down 10 81 05l4. again
L. 81 Co.'s back again 10 81 o03s were some of
1Hp more material changes OF the day. About
l2;S0 p. NJ. 1t became apparent that the bulls
hla gotten their satisfaction out OF the bulge,
winch had been gradually gaining in strength
for week or more, and the alert scalpers lln-
mediately climbed into the leading position,
and smashed the tottering fabric until 212c was
Hammered of its early highest price.
The bulls controlled the corn market starting
a on the iump and in the same wild fashion
a. IN the two preceding days. May was diff
cult to buy until the price was over 70c and
IUat was almost imme diately after the start.
Some sales were recorded all the way from CSC
10 zoe at the nrst jump. 1t advanced to 101Ic,
solu off to 69$zc up again to zoe, off to 6g1%c on
the next break but that was followed by the
most exciting bulge of the day. during which
7Ol. MAS paid with possibly sale or two 10
higher. The break, when it came, carried the
price down to 6Sc.
Oats sympatEized with the moro prominent
cereals and were quite active. The market
opcned very strong with May selling at $500
market weakened to 5j3sc, recovered tn 553Ic.
and closed at the low point of the day, 51c, lust
where il closed yesterday.
There WAS only Is 600 hogs at the Yards and
tile price was from 25c to 25c higher than yes
terday morning. That was sufficient 10 put
wings on the prices of hog product. Climb and
shout and ClamOT as they would, the shorts
could not get any. Business was almost impos-
Slbe, with holders afraid TO sell lest they might
name the highest price which the shorts could
be scared into paying, and the latter had simply
TO bid and bid with dozen darting after every
little lot which holder would be occasionally
induced to part with. The scene changed when
the session was half over, and the haste to get
rid uf the stuff was equally exciting with the
early eagerness to buy. The packers had once
more engineered an advance from which to
start selling for the second time the enormous
stock OF product they hold. There were wild
leaps IN the price, both on the advance and on
the decline, and much trouble in the execution
OF orders. May pork sold early to Sl4, broke &
per Dairel, and closed 20 cents above the lowest
point anq D cents lower than il did Yesterday.
Lard and ribs we're almost as lively as pork,
each closing lower, as already stated.
The Leading futures ranged as IoIows. as cor
Tected by john NJ. Oakley q Co., 45 Sixth street,
members OF chicago Board of Trade: