Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-02
VERY LIGHT TRADING.
Wheat Generally Inclined to Strength, With
Period of W weakness Before the Close
Corn Decidedly Strong and Higher-An

Wheat Generally Inclined to Strength, With
Period of W eakness Before the Close
Corn Decidedly Strong and Higher-An
Advance in Oats.
CH1CAGO-Wheat was quiet and price
changes were rather narrow, but the under
tone was firm and prices averaged some-
what higher than at the close yesterday.
There was nothing very decisive III the way
| OF news. and it was pretty impartiaily dis
tr1buted, each side getting about equal
announcement. Cables came rather weak,
and Liverpool was lower with general
falling off in the demand reported both In
the United Kingdom and on the continent.
with buyers demanding concessions. Stocks
on hand were said TO be ample, ond one dis
patch stated that since September the
United Kingdom had received 20. 900 0oO BUSH
OILS more than its requirements for the same
time. The amount on ocean passage showed
an increase during the week of 6SO.0 900 BUSH
els, which was q considerable disappoint-
ment, as a decrease was expected. The con-
tinued exports of gold had a rather depress-
ing effect, creating more or less apprehen-
sions as to the final effect on business.
Yet the friends of wheat found a little en-
couragement in the fact that the English
the last week; that the crop prospects in
Russia and France were apparently growing
worse, and tnat there was no great selling
pressure here. Some private dispatches
from Kansas and Missouri were in sharp con-
tradiction of those received yesterday, and
told of a good deal of damage in those States
by freezing and thawing, and quoted the
general outlook as rather poor.
These conflicting statements kept traders
in q state of uncertainty and materially re-
stricted operations. Still, considering the
not seem disposed to press their advantage
much further for the moment, and a rather
strong feeling ruled most of the time, shorts
covering freely, and there was also some in
m vii II To q 1n
Then the market became weak. The ad-
vance secured during the forenoon brought
out a large amount of long stuff, which
showed a profit, and the short selling be-
came more aggressive. Late cables were,
also, less assuring. The result was that the
advance was lost, but there was some reac-
figures. May opened unchanged at S9szc;
advanced to 9015c; receded to s9Xc, and
closed steady at 901Ic.
Corn was decidedly strong and higher. The
offerings were light, and with a good de-
rnand for cash corn from shippers shorts
seemed disposed to cover, and the longs
were doing what they could to increase the
firmness. The frmness in wheat and the
small receipts OF corn estimated for to-mor-
row were also strong factors. 1t weakened
a little in sympathy with wheat during the
opened unchanged at 42lsc, advanced to
at tsssc. 'n'N ~ '7''' anu '''''0 '
Oats sympathfzed with wheat and corn
and closed with Nc advance.
Hog products were unsettled. Pork
opened higher on the smaller receipts of
hogs than expected and 5@loc advance in
price, and marked an improvement of l0c
per barrel: but, there was an absence of
buyers, and on offers by prominent specu-
lator there was q recession of 15c; then q
point higher than yesterdays. The deliver
les on all of the articles traded in were light.
The leading futures ranged as follows. as correct
ed by John NJ. Oakley & Co.. IS Sixth street. mem
bers of the Chicago Board of Trade.