The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-05-13
ember . s7os ssc. january 0 44cs0 4sc, Feb.

Messrs. Hubbard. Price & Co. s cotton circu-
lar saws: I'VE had regular Saturday market.
Notwithstanding unfavorable reports from
Liverpool, our market for certificates did not
respond to the decline, but opened only frac-
ton below last nights close. With the entire
absence of any orders, trading was left to room
scalpers, who, as a rule, short of contracts,
could not find sufficient cotton offered TO satisfy
their desire to cover up their outstanding en-
gagements to wind up their weeks interest.
Under such demand prices raised S04 points
above yesterdays close. ="
GALvEsroN. May l2.-Cotton quiet; middling
. 7-l6c; net receipts Is bales, gross Is; sales s
bales; stock 6,453 bales.
NORFOLK, May 12.-Cotton quiet; middling
lSl6c; net receipts "a bales, gross "a; sales
90 bales: stock 10, 1856 bales; exports, coastwise
1910 bales.
BALTIMORE, May 12-Cotton dull; middling
loc; net receipts none, gross 300 bales; sales
none; stock 1871 bales.
Boston, May 12.-Cotton quiet; middling 1016c;
net receipts 265 bales, gross 311; sales none;
stock none.
WILMINGTON, May 12-Cotton quiet middlpg
s14c; net receipts 24S bales, gross 243 sales none;
stock 1888 bales; exports, coastwise l12 bales.
PHILADELPHIA, May 12.-Cotton dull; mid
ding 1O14c; net receipts As bales, gross As;
New ORLEANS, May 12.-Cotton dull mid
ding 91ec; net receipts 1922 bales, gross 1855
sales 1000 bales; stock 1884; exports, to
Great Britain $3.50 bales to the continent 5,l17
bales.
MOBILE, May 12-Cotton quiet; middling
9716c; net receipts 40 bales, gross so; sales 100
bales; stock 1871 bales; exports. coastwise 4O5
bales.
MEMPHIS May 12-Cotton quiet but steady;
middling 9-l6c; receipts 269 bales; shipments
1,643 bales; sales 400 bales; stock 81, 122 bales
AUGUSTA, May 12.-Cotton firm; middling $3.50;
receipts 81 bales; sales l06 bales.
CHARLESTON May 12-Cotton quiet: middling
1l-16c; net receipts 2S4 bales, gross 1884; sales
1870 bales; stock S3l3 bales exports, coastwise
l. 300 bales.
-, ~, Nfo,r 20 Co++oo .&ood-. ,,;ddl;r.
8 7-16c; receipts 81 bales.
NEW ToRK, May demonstrated net re-
ceipts for all cotton ports to-day $3.50 bales;
exports, to Great Britain $3.50 bales, to the
ports 457, S42 bales.
The total visible supply of cotton for the
world is 196, 753 bales of which ,5S5 653 bales
are American, against 2,9S6,024 and 1,636,724
bales, respectively, last year. Receipts at all
interior towns for the week 1900 bales Re-
ceipts from plantations 900 bales. Crop in
sight, $685. 1858 bales
PROVISIONS, GROCERIES. ETC.
LIVERPOOL, May 12, noon.-Wheat in fair de-
mand and nrm; holders offer sparingly; Cali
tornia No: /, Is 9d@6s lOd: Corn strong;
New YoRK, May 10, noon.-Flour firm and
| higher. Wheat feverish Corn better. Pork
quiet but steady; mess s16 OO@15 IS. Lard
firmer at s. IS. Freights steady
5p. m.-Wheat has been bullish throughout
the day; speculation continues brisk; spot
quiet but held higher; options tended higher;
May delivery touched 81: No red, May deliv-
closing at Sc; July 97l@@58lsc Corn~options
opened $40 lc better and advanced 214c on May
and 1s09sc on Others, closing firm at the best,
with speculation moderate; cash 1011sc higher
but quiet; No. 2, May delivery 61A@6916c clos
ing at 6916c; June 66SS067c, closing at &c; July
663sc. Oats 1kQl1c higher, closing firm; No. 2,
May delivery 1890, June 1000 Lice, July 4O14
@4O2sc; No. spot, 3914040c.: Coffee spot
Of ur,A
25@35 points higher: No. Rio, May delivery
10 30613 35c; June delivery ~ 80612 95c; July
II 90@12 15c. Sugar dull fair refining 44c;
refined dull Molasses dull; 5o-test zoe. Petro.
leum firm refined nc at all ports. Cotton
seed oil quiet. Tallow easier at 4ssc Eggs
steady Southern 12s4013c. Hides steady.
Wool closed dull and depressed; domestic fleece
20@36c. pulled 1S03sc, Texas 13g19c. Pork
quiet and UNCHANGED Beef duh. Beef hams
steady. Tierced beef quiet. Cut meats quiet.
Middles dull. Lard closed firm; Western steam
on spot So 70, closed at 81 65@e 70; June deliv-
cry $S 50 Freights dull, cotton. per steam
CHICAGO, May 12.-Interest in wheat this
morning exceeded that Of any previous day
Sensational reports were exchanged between
the great trading centers and the bull fever
ragged. Prices here opened 1c over last night
and, after dropping back a few points, bounded
up nearly 1c on general buying both by the
country and local crowd. Business was enor-
nous, and individual influence could not be
noticed. The advance after the first soft spot
was about lc and June sold up to S11sc, July to
SOC and December to 911bc This was the top
for the day. decline followed and bears made
a big effort to break the market June went
back to SIC, July to 8814 c and December to 9656c
Strength returned before the close and closing
prices were: May SIC. June S716c, July 8S9sc
December Ole. The corn market puzzled even
professionals to-day. Prices opened 66(134c
over last night and at once went higher with
wheat May sold at 604c, June at 5816c, and
July at $3.50. There was very suddenly great
al and IL, fho,
prices went off about 1c A reaction took place
before the close and May closed at $3.50 June
at 5734c, and July at 575sc, or about 1sc higher
for the day. Oats kept within narrower range
but held an active crowd of operators May
touched 3514c and closed at 35c, and June sold
between 34034S4c, closing at 341sc. Provisions
were moderately active, strong and higher
The strength came chiefly from buoyancy in
wheat and corn. q fair number of outside
orders to buy were received. Local shorts COW
cred failings and holders took advantage of the
bulge and unloaded After buyers had been
filled up the market weakened and prices de-
clined &c on short ribs and .15c on pork, but
last sales were at 10c advance over yesterdays
last sale. Pork for July sold at S14 40014 52lR
and closed at S14 45. Lard sold at IS 35@3 421a
and closed at s. 40 Short ribs sold at 81 721S@
z 80 and closed at 81 rs
Cash quotations were as follows: Flour
quiet and firm. Wheat-No. 2 spring s6150
S634c. Corn-No. q 595sc. Oats-No. 2, 35c
Mess pork, per barrel, S14 35014 3716 Lard
s. 32l<6DS IS. Short rib sides, loose 81 621S
al g. Dry sailed shoulders, boxed SO 00GI
8 o. Short clear sides, boxed IS 1905 15
Whisky 81 is.
Leading futures ranged as follows: