Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-11
WIDE FLUCTUATIONS.
They werc Sudden and Erratic in Grains,
but the Prices Closed With n Good Ad-
vance-Provisions Were Weak, Break
;nr 1adly Ea II in he Session.

They Were Sudden and Erratic in Grains,
but the Prices Closed With Good -Ad-
vance-Provisions Were Weak, Break
ing Badly Early in the Session.
CHICAGO-FIuctuation in values on the
Board OF Trade were rather wide to-day; in
grains they were very sudden and erratic,
but closing with good advances over Satur-
days prices. Provisions were weak, break
ing badly early in the session and closing
with only part of the loss recovered.
Wheat was nervous and spasmodic, but
generally strong. The early news was bull
ish cables reported an advance of I'd at
Liverpool, Paris was 80 centimes higher.
Tho weather, both in Great Britain and on
the Continent, was reported unsettled; the
dispatches published this morning reporting
damage by the extreme hot drv weather in
the Northwest were partially confined by
private adviceS to commission houses here.
and the weather map showed continued
clear. warm weather in tnat region. These
things taken together, scared the shorts,
and they were anxious bidders at the open
ing. The start was ragged and was accom-
panied by considerable excitement. In ad-
ditiOn TO the bidding by shorts, some of the
largest commission houses had heavy buv-
ing orders, while, on the other hand, holders
were disinclined to part with their grain.
The result was that while bids are void: the
opening was anywhere between 90H@92c,
against a03zc at the close on Saturday. The
price had reached g215c before any consider
able amount of wheat came out.
At the advance. however, the longs began
to take their profits, and there was consider
able selling against puts. About this time,
also, the early buying orders were about all
filled, and the sellers outBumbered the
buyers. This caused a reaction in the price
of December TO 9l1%c; there was a reaction
to gac. The market held around that figure
till the visible supply report was received,
showing increase of nearly LOO 900
bushels, where little or no excess was ex-
pected: then it weakened and went of to
Gle. The market grew dull during the
afternoon, traders being inclined to await
the appearance of the Government crop re-
port, and numerous contradictions of the
reports of crop damage in the Northwest
were received. These assisted the decline,
but later the market firmed up, advancing
to 9ls5, and IT closed firm at 9l15c.
The corn market was nervous and while
the price ranged higher the changes in value
were sharp. The feeling at the outset was
weak owing to the hot weather of the past
few days, which was reported as bringing
corn forward very rapidly; but the weak
ness finally gave place to strength when a
few brokers with buying orders came into
little corn for sale and the result was a rapid
advance of 1Gl1Sc in price. The clique is
known to hold large amount of corn and
has held il tenaciously, buying it on nearly
every break so that the trade is getting ap-
prehensive and begins to fear the short side
in view of the impossible manipulation.
opened at 3SG5Sl4c, SOlQ at OSc, reacted TO
59sSc, declined to Sc, advanced to 59G, be-
came slow and weak on good realizing sales
and the break in wheat and, during the last
hour. sold Off to 5s15c and back to SOC. at
which it closed steady.
Oats were quiet but firm in sympathy with
wheat and corn, and closed at the top fig
ures of the day.
Hog products were lower. The receipts of
hogs were $500 more than estimated, and
there was urgent selling almost from the
start. Poole Sherman, North Worthington,
Schwartz Dupee and Ryan sold heavily.
September pork started at $40 5212, against
$40 60 at tine close on saturday; broke to
$40 25. rallied to $40 4eL and closed at
SO So, loss for the day of 2215c. Lard was
steady and closed unchanged. Ribs closed
with net loss of &c.
The leading futures ranged as follows as
reported by John NJ. Oakley 4 Co., q Sixth
street, members of Chicago Board of Trade: