Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-02
A STEADY CLOSE
Follows Depression and a Panicky Feeling
on the Chicago, Board.

Follows Depression and a Panicky Feeling
on the Chicago, Board.
CHICAGO, Sept L-Depression and a
panicky feeling ruled on the Board of Trade
on account of the cholera scare during most
of the forenoon, and most of the articles
dealt in went of sharply, wheat touching
the lowest point reached for several years;
but later in the day the action Of the au-
thorities at Washington and some other
items of news caused q revulsion of feeling
and q reaction set in which carried prices
well upward toward the closing hg-
ures OF yesterday, and in pork and
ribs to higher level, leaving the trade
in q more hopeful frame of mind than it has
shown for some time past. Wheat fell dur
ing the first hour 1Rc below last nights
close, corn lsSc, oats 5c and pork 221ac. with
lard and ribs also weak and lower Big COW
erings by shorts to secure profits caused
reaction, but the general tone was weak In
wheat everybody seemed to have selling
orders, and scalpers who had bought on yes
terday's decline, and those who have been
holding in hope Of better prices, were r, IT free
sellers, while there was hardly any buying
except to cover shorts and take profits.
Big receipts and light exports were the
prominent bear factors, independent of the
cholera panic. 1t was pointed out that the
statement of the poor quality of the North
western wheat crop was disproVed by the
inspection of the new receipts. OF 40 cars
oil new wheat received al mlnn0dpOllS, AZ
graded as No. l Northern, and it was said
that only the small size of the berry pre-
vented it from grading No. hard. The
statement sofexperts that the crop was un-
cited. Stocks in New York were demoral-
lied and lower, and helped along the gen.
eral depression. The deliveries of Septem-
Der were not as heavy as were looked LOT,
some pretty good buying caused some ad-
vance after the lower opening, but the mar
ket was without confidence, and when
story was sent from New York to the effect
that three cases of cholera had appeared in
that CITY, the early buyers were stampeded
with offerings and turned sellers, the mar
officially denied, and better feeling at
once became manifest Then shorts began
to cover freely, and q cold wave was
deserted in the Canadian Northwest On top
Government to avert cholera, the fact that
II boatloads of wheat were taken at New
York for export and that 354, 600 bushels were
taken here for shipment. All of these things
turned the tide and the markets moved up.
Cash quotations were as follows: Flour.
dull and nominally l0@15c lower. No.
2 spring wheat 74c: No. spring wheat
No. 2 oats. SS1sc; No. white, 841Sc: No. 3
white, 3293231c. No. rye, 56xc. No. barley,
63c; No. f. o. b.. 44@63c: No. II. o. b., 3594oc.
No. l iaxseed, 81 Oa. Prime timothy seed,
81 IS. Mess pork, per barrel, $40 25@l0 80
Lard, per 100 pounds, 81 471a@7 90 Short rib
sides Qoose), 81 1907 rs; dry salted should
ers (boxed), s6 9O@7 90: short clear sides
(boxed), 81 9O67 95. Whisky, distillcrs' fin
ished goods, per gallon, 81 Is. Sugars un-
changed.
Receipts-Flour, 5000 barrels; wheat, ao7.-
900 bushels; corn, 2S3 600 bushels; oats. 1899 900
bushels; rye. 600 bushels; barley, 1000 BUSH
els.
shipments-Flour, $500 barrels; wheat,
l70, 600 bushels; corn. e54 900 bushels: oats,
IA 600 bushels: rye, 5000 bushels; barley, 5000
bushels.
On the Produce Exchange to-day the but
-17@l715c.
Range of the leading futures, furnished bv John
NJ. Oakley Co., bankers and brokers, No. As
sixth street: