The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-31
Grnin aud ProXIsions.


CmcAGo. H.. July 90 sensational
bulge in wheat oycrshadowCd all other opc-
mtions on change today. The instant the
bell tapped for the opening there ensued
tremendous clamor. Prices opened SC over
the close nj noon saturday in New York, 20
over the close Saturday afternoon here, and
/ isc higher nj St Louis. The Jump was
something amazing, following the unusual
advance Of cents, which marked the close
Of last week The drift of feeling was
shown on the curb, and when the opening
moment on the floor arrived the confusion
and excitement was so great rs to make II
difficult Ia get prices ut all. The first official
quotations were S3lkc for August Sic for
September. and S5.c for December. The
cables were very bullsh. The weather on
the other side unusually hot and wet, aud
hurtful 10 crops. DutHs, the first fifteen
minutes August sold at Nc September ~ &c
and December NJ s6l.c, aft-adyance OF fully
% for all futures. Loyal speculatars and
foreign agents all wc't buyers, and only
those with long wheat had the cour-
are 10 sell. After the nrst bulge aud
Hurry prices reacted Onbbut &c. About
noon a Second bulge sent prices even higher
than before, with August up 10 size, Sep
TENDER $3.50, aud December at SIC AN adj
vance " 2yic for September and December.
Then prices caScd ou realizing sales 10 SIC for
August, SitSc for September, and $3.50 Tor
December and there they rested shortly be-
fore the close. Nevertheless the market nj
the final moments was strong, and the best
prices were nj nearly the outside for the
session, August $3.50, September Sc. As
on Saturday the corn market started on just
q little ramy, with August selling up from
Csc Ia .titc September from li'sc 10 49, &C.,
aud October from axe 20 iiAc. The i'm
proycmcnt was not maintained, however,
aud the market got back below the starting
price. aud did not recover The receipts
we're heavy, and the movement promises TO
increase. Corn il lower than when wheat start
ed on it, o. advance. Oats were only fairly
active, aud the range Of prices In the spccu-
lntivc market was confined within narrow
limits The general tendency was one Of
cnsincss.
Provisions opened the week with no nhate.
mcnt In the bullish tendency they have
lately exhibited. Under the influence 81
another sharp advance In hogs, the initial
sales all around were made At prices mate.
rally higher than Saturdays Blessings In
pork the iirst transactions showed an apprc-
citation ~ ~ 80. In lard II 7ismiOc. and Ia
short ribs of i0etl0,fc. During the day pro.
duct averaged much higher than the open.
ing figures. The range covered by pork In
it, fluctuations was l5c, by Lard 7isCtiOc,
aud hy short ribs Sol isc TradinF was active
and more general In iis character than on
any day since the upward movement was In.
augufaied A large amount Of product
especially pork, was bought by outsiders,
presumably against outstanding short con.
tracts Cash buyers were deferred from
hlling good many orders by tho prices
asked september was the leading time dc.
livery. For that month pork sold at filSO
dttoS. lard at tsp2kGg cas- and short ribs
NJ s. t5dSSO. Fork for September closed at
si462is with October nj the faine price. aud
July aud August inc lower Future lard
was quoted nj the adjournment NJ $3.50 for
July. fsn5Hsn1R Tor August 500 for Sep.
tcmbcr and $3.50 for October July aud
August short ribs closed ~ - o., September
at - ~ and october NJ ts.47h Later deliy.
cries Ncrr higher
The leading futures ranged o. follows