Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-21
ANOTHER DULL DAY.

The Market Opened With Firm Feeling
The Local Sentiment Was Bearish, With
No Pressure to Sell-Everything Closed
Very Weak.
CHICAGO-The wheat market was dull
during most of the session to-day. Early
there was a feeling of firmness, due to the
better tone in cables. Liverpool was quoted
I'd higher on futures, and Paris 10@2O
centimes higher The effect of the London
Tirles' bullish summary on the worlds wheat
crop was largely counterbalanced by the
heavy receipts at all winter wheat markets
in this country.
The local sentiment was still bearish, but
there was no pressure to sell in view of the
cables and reported crop injury, and Lam
son Bros and Milmine- Bodman were good
buyers on all the weak spots, and for time
the market held pretty firm and December
sold from s65sc to $3.50. Partridge covered
little short wheat around S615c, and the
scalpers also took in some, but trade as a
rule was very sluggish.
Finally, when it was known that receipts
for tomorrow were estimated at $40 cars,
Partridge commenced to sell and the crowd
tailed on to a considerable extent and De-
cember fell to Sc Estimates as to the visl-
Bile supply were generally that it would
show an increas Sc, and this assisted in caus-
ing the weakness. In the afternoon, on
strong and higher cables, it rallied to S6ssc.
Berlin reported an advance of "a marks III
July wheat, there evidently being corner
in that month, September and October
only advanced Is mark. Paris was l0@2O
centimes higher. Around Soc and S6Ac
Pardridge's brokers bought in n great deal
of short wheat for him during the day, and
these purchases sustained the market in the
face of the heavy receipts. The close was at
S6sSc. The receipts here to-day were 1913 cars,
or 20 cars more than expected. Toledo re-
ceived $40 cars of new wheat st. Louis re-
ceived 27l. 600 bushels and Minneapolis got
$40 cars. Twenty boat loads of wheat were
reported taken at New York for export.
Corn was quiet, but showed a little
strength at one time on cool weather and
the backward condition reported in some
sections. There was not much pressure to
sell. A few buying orders coming IN Sep
tember sold from 5ls4c to $3.50, but without
much business. Then on an estimate of $40
cars for tomorrow the market became weak
and September dropped back to 5l34c. Dur
ing the last hour the market was firm on
the decrease in the visible supply and there
was reaction to 525s65234c, closing at $3.50.
Early in the day the market was hammered
by several big operators whose brokers De-
gan the decline.
Oats were dull until the visible supply re-
port came in showing a heavy decrease,
when it improved trif1e and the close was
near the top.
Provisions were strong early in sympathy
with the higher prices for hogs, but weak
ened later on the report that the French
Chamber OF Deputies had adjourned for
three months without acting on the pro-
posed reduction in duties. There was a re-
action later, however, and the close was at
about the highest prices of the day. Sep
tember pork opened at Sll %, sold up to
s1l 32115, receded to $l1 l2I rallied to $l1 371a
and closed there, gain over yesterdays
close of l715 cents.
Lard is unchanged and ribs show gain of
213@5 cents
corrected by John NJ. Oakley & Co.. 45 Sixth
street members of Chicago Board Trade: