The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-05-23

Futures-Market opened dull and easy, with
sales as follows: May delivery 9 SSc; June . Ole;
July 10 Ole; August 10 10c; September 69c;
October 44c.
500 D. m.-Market closed easy; middling
uplands 10c, middling Orleans 101sc; sales to-
day 4l6 bales; net receipts 1,ll9 bales, gross
1924
Futures-Market closed quiet but steady, with
sales of SO, 200 bales, follows MAY delivery 50
90 9lc, June Csc. July 10 030l0 04c, August
10 1000 lac, September 9 7209 73c, October.
1903 47c, November 37@9 SIC, December
9 SSGG9 39c. January 94bW9 47c, February
8 $500 54c, March 6l@9 &c
MeSsrs. Hubbard. Price & Co s cotton circu-
lar saws: In the absence of any Liverpool
news, our to-day's cotton market opened quiet,
with sales at last nights prices. Trading re-
manned limited. There is no disposition To sell
the market short, fearing that to take hold of
August contracts might advance, the market.
With limited offerings, prices advanced points,
closing points above last night"
GALVESTON, May 22.-Cotton quiet; middling
. 7,l6c net receipts none, gross none; sales "A
bales; stock 6,2l4 bales
NORFOLK, May 22.-Cotton quiet but steady;
middling 9;4c; net receipts $40 bales, gross
o49 sales l54 bales; stock 17,1l3 bales.
BALTIMORE May 22-Cotton steady; middling
lOc; net receipts none, gross 1,55i bales; sales
none; sales to spinnerS 200 bales; stock H. 113
bales; exports, coastwise $50 bales.
BosToN, May Cotton quiet; middling 101Sc;
net receipts ASP bales, gross 2046; sales none;
stock none; exports to Great Britain 2SS2
bales.
WILMINGTON, May 22.-Cotton quiet; middling
9SBc; net receipts bales, gross s; sales none;
stock 2,692 bales
PHILADELPHIA, May 22.-Cotton dull; mid
ding l014c; net receipts Sc bales gross Sc;
stock is, 432 bales.
New ORLEANS May 22-Cotton quiet but
steady; middling 916c; net receipts 1853 bales,
gross q 7S; sales 500 bales; stock 1877 065 bales
MOBILE, May 22,-Cotton quiet; middling
9S4c; net receipts 81 bales, gross 81 sales 100
bales; stock l2,01o bales; exports. coastwise 229
bales.
MEMPHIS, May 22.-Cotton quiet but steady;
middlng 9l6c; receipts 1863 bales; shipments
a bales; sales 300 bales; stock 81 106 bales.
AUGUSTA May 22-Cotton steady; middling
9 9-16c; receipts 81 bales; sales go bales
CHARLESTON, May 22.-Cotton quiet middling
1l-16c; net receipts 1859 bales, gross 1873; sales
so bales; stock 9,208 bales.
ATLANTA, May 22.-Cotton steady; middling
she; receipts bales.
New YoRK, May demonstrated net re-
oelpts for all cotton ports to-day 5.553 bales;
exports, to Great Britain 2,SS2 bales; stock at
all American ports ,SX bales.
PROVISIONS GROCERIES,. ETC.
LIVERPOOL, May %, noon.-Wheat easy; de-
mand poor; holders offer freely; receipts of
wheat for the past three days 1000 centals, of
which none were American. Corn easy; de-
mand poor new mixed Western IS I'd; receipts
Of corn for the past three days were SO, 800 cen
tails Weather fine
New YORK, May %, noon.-Flour quiet and
easy. Wheat lower. Corn better. Pork firm;
mess pork $l4014 So Freights dull.
500p. m.-Wheat-options unsettled, closing
steady; cash offered 1@116c lower; No. red,
May delivery 99494@9SAc; sJune s32s@9516c;
steady; No. 9, May delivery 64@6414c; June
6216@6S14c Oats-No. 2, May delivery 37160
37Nc; June delivery 3794GSsc; No. ., spot 3719
@Ssc. Hops in light demand: Sugar steady.
Coffee, spot fair Rio Quietat 1870; options, No.
Z Rio, May delivery ID 40c; june delivery 10 so
ola 90c. Molasses dull; so test zoe. Petroleum
firm; nc for refined at all ports. Cotton seed
oil-41c for crude, 4504518c for refined. Tallow
duh and weaker at &c. Hides quiet and firm.
Wool quiet and easy. Pork active and firm;
mess $l4 o0114 80 for old; SIS 25015 so for new
Beef steady. Beef hams dull. Tierced beef
quiet. Cut meats firm; picked bellies use.
Middles dull Lard quiet; Western steam. on
spot quoted at IS $500 co.; May delivery So 81
| as 80; refined So 80 to the continent. Freghts
dull: cotton 5-64d.
CHICAGO, May 22-The liquidation of long
wheat was distinguishing feature of the mar
ket during the greater part of the time to-day.
The opening was about 4c higher than the
| closing figures Of yesterday, eased off later
about ssc then rallied SSc, but under increased
speculative offerings became weak, prices de-
| Ginning 19114c, rallied Sc again declined 1ec,
rallied and closed for the regular session about
| Ssc lower than yesterday; that is, for July,
which is the leading future. On the afternoon
board there was squirt, leaving the final figures
OF the day 4c higher than yesterday at S7Ssc
The weather was fine for the growing crop, and
a.
port, received to-day from the Illinois Agr1cul-
tural Department, reports the condition of
growing winter wheat as e. per cent. against 81
per cent as reported by the government May
10. Speculative offerings were large, and al
though there were reactions rom the several
declines. each advance was met with renewed
selling, although at S614C for July, the decline
was apparently checked by good buying,
whether from shorts or investment it was diff
cult to state. 1t was quite likely in the interest
Of some party or parties who had sold at higher
prices. Export clearances were but a few
thousand bushels at Philadelphia, witht nothing
at New York. No American wheat has reached
Liverpool for several days, and cables were
very weak in response to the break on this side.
In the corn pit there was a little better trade
than yesterday. Several receiving houses were
taxing hand A story was going the rounds
that the clique are bringing corn which they
own in the country on account of facilities for
shipment which Chicago affords. Corn by lake
and canal can be laid down in New York for
size. The blackboard on Change shows that
Chicago is receiving practically all the corn
that is moving, and this and other features
bears out the story. For greater part of the
time the market was rather firm. July, which
sold off on the early break to 5411c, improved to
551sc, eased off to 54sc, and after various nuct-
uations closed at 55ssc, an even cent higher
than last night. Cash oats were easier and 1AIl
&c lower. They did not go down yesterday
quite so much as the futures. To-day there was
a reaction from yesterdays decline in the spec
ulative market. There was not somany sellers,
and fair demand existed TO cover shorts. AS
compared with yesterdays latest prices there
was about nc advance. For May the advance
was well maintained, but June and july re
acted while new crop deliveries closed AI3Ac
better Light receipts of hogs and firm mar
ket produced steader feeling on cured prod
ucts, and although trading was fair early, it
became light toward midday. Offerings Of the
product were not large and frmer tone devel-
oped Closing sales showed an advance of 100
121bc on lard, INC on short ribs, but only 2I6c
on pork A better demand existed for May
pork, and sales were at 21Sc premium for June
delivery.
Cash quotations were as follows: Flour
unchanged. Wheat-No. 2 spring 85Q1S54c; No.
2 red 90c. Corn-No. 2 55es0554c. Oats
No. 2, 331ec. Mess pork, per barrel, s14 3716
ala 40 Lard at S. 611s61S 20 Short rib sides
loose 81 S. Dry sailed shoulders, boxed 500
6 25. Short clear sides, boxed IS 1905 Is.
Whisky 81 19.
Leading futures ranged follows:
Opening. Highest. Closing.
JSR@ d efI,gs5y.. SO sss So s 81
S Say S S:iiysFy. ~ "a * ~
OATS, No. p
May delivery. 80 o32s 3311
June delivery. 32N 92M 1925
MESS PORK
June delivery. Sl4 As Si4 Is Sl4 10
July delivery. "a 45 IA IS IA 80
LARD
May delivery s.. IS G5 So 65
June delivery. 8 65 $40 SO
SHORT RIBS
May delivery. 81 671] ...... .......