Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-19
A DRAWN BATTLE

Between Bulls and Bears in Wheat-oats
tions in Wheat-Pork Breaks Badly, but
Provisions Close Improved.
CHICAGO-It was nip and tuck to-day on
the Board Of Trade with the crop damage
reports and the contradictions. Options
differed widely as to the outlook. Some Of
the solid SPECTATORS on the board, who have
not held the opinion that wheat was likely
to get into the slough in which cotton Is at
present floundertng, were buyers on break,
which began the session, but there were
others who did think that wheat was getting
into cottony condition. The cables were
again depressing to holders of wheat, in
obedience to, it is said, dictation from this
side, but the crowd took less notice OF the
weak cables than they did of the continue
tion of cold weather otter the winter wheat
country at home.
There were purchasers of May wheat at the
opening at from s49sc to s41lc. with one or
two transactions at s45sc few seconds later.
Then the scalpers turned in body to the
selling side, and kept putting it out until,
after about an hour and q half of such work.
lowed the early dispatches was in favor OF
lower prices. The knock-down blow came
from the seaboard, whence came the an
nouncement that no wheat had been cleared
yesterday from New York. Boston or New
Orleans. Without any perceptible cause be-
yond the uneaSiness of those in the crowd
who had sold wheat short at under SAC,
there was a sudden rally of 1c per bushel
from the lowest price named above. There
was repetition OF Yesterdays buying Or
ders from people in the country, who re-
reported injury to the wheat from the recent
freezing weather: Buying closed at s5c,
about Nc higher than yesterday.
Germ was rather firm early, but soon be-
gan to sympathtze with the weakness in
wheat. While there was some disposition to
cover early in the session on the temporary
strength in wheat, bearish sentiment soon
got the ascendency. May corn opened at
3Sasc, sold ut 3S3zc, but then broke to 3S14c;
reacted to 353sc and at II o'clock was 3S11ac.
The market strengthened toward the close,
touched 500, and at the close was sszsc, a
shade higher than yesterdays final figures.
Oats quiet. May sold early at 2s3sc. broke
to 271sc, reacted some, but at II O'Clock was
noon hour, influenced by corn and wheat.
May sold to 2sssc at the close.
The speculative market for provisions
opened steady at around about the closing
prices of yesterday. There were only few
trades at near the top figures, when the
market FOR pork broke badly, selling down
to the lowest point of the season for May de-
livery. Live hogs were lower, and to add
by the 'longs" and heavy hammering by the
Shorts" Lard and ribs were fairly steady.
May pork sold early ut $40 2211, fell to $40 90.
then back to $40 l2H, and at IL o'clock was
$40 121 May lard sold from Sc 2713 to S6 2211a,
and May ribs from So 571l to s. 30 During
the last hour the market showed decided
improvement on free covering by shorts on
the decline and the firmer tone in the grain
So 271z closing a fraction under these figures.
rected by John NJ Oakley & Co., IS Sixth street.
members of the Chicago Board of Trade: