Savannah morning news. [volume] (Savannah) 1868-1887, 1884-05-06
BULLS CARRY THE DAY.
WHEAT SLOWLY CREEPING UP
TOWARDS A DOLLAR.

Other Prices Rising in Sympathy-The
British Grain Trade Characterized as
Rather Dull-New York Grain Brokers
Turn Their Pit Into a Miniature Prize
Ring and Do No Business.
CHICAGO. May 5.-The market to-day
developed into one of great strength and
activity, although the opening was quiet
and failed to indicate the probable temper
of the market. The prices for wheat and
| corn were carried considerably beyond
the best prices of Saturday and were mod
erately well sustained, although a scare
and drop occurred near the close, but the
decline was recovered again on the after
noon call.
Wheat opened a shade higher, advanced x
l914c.. declined &c, but, under renewed buy
ing, became stronger and advanced from 15f0
21sc. above inside prices; then became weak
anu declined l2sc., nuctuated and closed s4c.
hlgher than the closing of Saturday. MAY
closed at 933sc., June at 951Sc., and July at
$3.50. The sales We're $4,000 bushels, June
advancing to $3.50. and July to $3.50. Later
June was quoted at Soc.
Trading was active IN corn and prices were
higher, in sympathy with wheat. The mar
ket opened shade higher and rose to 1lSc.
over the closing of Saturday, declined sS69s{c.
again advanced l15(Gl3sc. above inside prices,
declined Il Sc, .,huctuated and closed 1<c higher
than on Saturday. May closed at 537SCd5lc
June at 55Ssc., and July at 575sc. On the cali
the M sales were S25,0o0 bushels, June closing at
56c. and July at 5734c.
Oats were fairly active and generally firm
er May closed at 32c., June at 3355c.. and
July at $3.50. July declined &c. on the call.
Pork was fairly active and frmer. Nav
closed at Sl1 As, June at $l7 5715, and July at
Sli 67%. On the call the sales were 5000 bar
rels. June declined 20. Lard was fairly ac-
tive and firm. May closed at 5Oc., June at
3 6Z12c.. and July at 7212c. On the call
the sales were 5000 tierces. June and july
declined ~ points.
THE BRITISH GRAIN TRADE.
LONDON, May 5.-The Mark Lane E9Dress in
It's review of the British grain trade during
the past week, says that there are prospects OF
good wheat crop. The trade in foreign
wheat OIL stands is dull. There is but little
business IN of the coast cargOes. There were
arrivals. Three cargOes were sold and
were Withdrawn. There is no demand for
cargoes on passage or for shipment The
sales OF English wheat during the pa t week
were 5S, III quarters at 37s 4d., against 66, 1886
quarters at AS. l0d. during the corresponding
period of last year.
NEW YORK BROKERS AT PLAY.
NEW YORK, May 5.-Grain brokers in the
grain PIT, finding business this morning quite
dull, procured set Of boxing gloves and two
messenger boys, one employed by the Postal
and the other by the Mutual Telegraph Com
panlesi went through miniature prize
prize fight. After they had pummelled each
other some ten minutes, a collection was
taken up, and the boys were hustled out of
the grain pit. There was only a feeble attempt
10 90 business, most Of the time being spent
.skylarklng. Finally the President OF the Ex-
change appealed to the grain men to conduct
themselves with decOrum. The grain trade
then agreed to adjourn at O'Clock to-day
but the Hour and provision men adjourned at
the usual hour. Business in all the depart
ments is quite light