The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-08-18
THE MORNING NEWS: SATURDAY. AUGUST IS. 1888.

and September 81-64d sellers; September and
October 19-64d, value October aud November
B l4-osd, sellers; November and December
ls-6&d, value; December and January l2-6Ad
sellers; January aud February 3 Odd sellers;
February and March lS-64d. sellers; Septem-
Der 3l-64d. sellers. The market closed quiet.
middling uplands 1l3sc, middling Orleans lice;
sales 81 bales.
Futures-Narket opened quiet and easy
with sales follows August delivery II &c;
September 76c; October o Coo; November soc;
December i9c; January 55c.
500 .. INJECTION closed easier: middling
upands llssc, middhng Orleans ll4c; sales to-
day u bales; net receipts 1871 bales, gross
1916 bales.
Futures-Market closed quiet, with sales of
80 $50 bales, as follows: August delivery II SOC,
September 97109 nc, October 59c, November
3 4SQg 49c, December 400 4sc. January
8 $500 sic, February 8 6lGD9 &c, March oec,
April 1109 1Sc, May 9 Si09 Soc, June 800
8 93c, July 99010 0Oc.
Weekly net receipts at New York 1908
bales, gross -, 500; exports, to Great Britain
1872 bales, to France -, TO the continent
1901; forwarded 1885 bales; sales to spinners
1913 bales.
Hubbard. Price & Co. Is cotton circular says:
Local rains are again reported in Texas, and
indications now point to the breaking of the
long -contipued drought In that section. Under
this influence and the failure of Liverpool to
respond to our steady market, distant positions
eaSed immediately after the opening and closed
at about the lowest prices Of the day. October
showing most of the strength, and September
again displayed great weakness. Upon the
August raid or rather selling of a line of 3 900
bales. said to have been long cotton, broke the
market rapidly from II 40c to II Doc. The bull
party evidently knew of this sale as they re-
Trained from attempting to sustain prices
during the decline. This operation has exceed
ingly mystifed all traders, and tonight opinions
are very unsettled as TO the future course of
August. Many believe some settlement has
been arrived at; others that the movement was
for the purpose of preventing further ship
ments of spot cotton, and still others that we
have seen our best prices. 1t is impossible to
do more than record the opinions of others"
GALVESTON, Aug. l7.-Cotton nominal; mid
ding 956c
NORFOLK, Aug. 17.-Cotton steady; middling
93sc.
BALTIMORE, Aug. 17-Cotton nominal; middling
Boston. Aug 17.-Cotton quiet; middling
111sc.
WILMINGTON, Aug. 17.--Cotton firm; middling
108c.
PHILADELPHIA. Aug. 17.-Cotton firm; middling
11Mc.
New ORLEANS, Aug. 17.-Cotton dull; mid
ding 101sc.
MOBILE, Aug. 17.-Cotton firm; middling
10c.
MEMPHIS, Aug. 17.-Cotton steady; middling
>10c.
\ AUGUSTA, Aug. 17.-Cotton very quiet; mid
CHARLESTON, Aug 17.-Cotton steady; mid
ding l0c.
MONTGOMERY, Aug. H.-Cotton steady; mid
COLUMBUS, Aug. l7,-Cotton quiet; middling
NASHVILLE, Aug. 17-Cotton steady; middling
10c.
SELMA, Aug 17-Cotton steady; middling 934c
ROME, Aug. 17.-Cotton nominal; middling
10c.
PROVISIONS. GROCERIES,. ETC.
LIVERPOOL, Aug. II. noon.-Wheat strong;
demand fair; holders offer sparingly; California
No. l. Is 4d07s 5dd; red Western spring rs I'd
ais Sd; red Western winter rs Sd; receipts of
wheat for the past three days were no, 900
centals of which 63, 900 were American. Corn
quiet; demand fair; new mixed Western 4s I'd;
receipts of American corn for the past three
days we're 81, 100 centals.
NEW YORK, Aug. II, noon.-Flour active and
stronger. Wheat active and higher. Corn
higher Pork quiet and stronger; mess S15 391f
OILS so. Lard quiet at 50 2509 80. Freights
firm.
500 D. m.-FIour, southern firm; common
to fair extra 81 9O03 80, good to choice ditto
So 45G05 10. Wheat closed firm; options closed
weak at about the lowest; No. red, August
delivery 9419c, closing at 94}4c; September de-
livery 949sQl9494c, closing at 94ssc; October
94LOo5Nc Corn irregular, closed heavy; No
2, August delivery 5405434c, closing at 54S4c;
September delivery 535s15494c, closing at 1890;
October 5S1sGD54Jsc. Oats steady; options more
active; No. 2, August delivery 3S946D3i1sc; Sep
TENDER delivery 2934 a 30Isc; October 3014 QS0lb:
No. spot soc Hops quieter; best state 12130
l01bc, Gown 10 DC lot COulIuOu. OOlIbt St6duy
August delivery 10 9O@l0 CSC, Sept de
livery 10 40Ml0 SOC, october S5t9 95c. Sugar
strong and more active; fair refining 5-16W
53Ac; refined closed fairly active and firm
low 61SGD6llc, off A b2sc, mould 79s standard
716c, confectioners A nc, cut loaf and
crushed SIC, powdered 716c. graduated 7asc,
cubes nc. Molasses scarce and nominal. Pc
troleum steady; refined 7sAc at three ports.
Cotton seed oil quiet at 411ac for crude, 49c
for yellow. Tallow steady; prime city at 494c.
Hides steady. Wool lrmer and more active;
domestic fleece 2S036c, pulled 20Q34c, Texas
f3029c. Pork firmer at SID so for old mess and
SIS 3714o16 so for new Beef closed very dull.
Beef hams inactive at SIS 75016 co. Tierced
beef inactive; city extra India mess S12 50D15.
Cut meats barely steady; picked bellies 12 lbs.
average 984c; piokled shoulders 734Q8c; pick
led hams 12l6G13c. Middles higher but quiet;
short clear Soc. Lard advanced 10 points and
closed 1908 points off from best; Western steam
50 2509 80, closing at 50 25; city IS rs, August
delivery SO 1903 25; September delivery 80 031
TO- Freights firm; cotton 3-320964d, grain
3404d.
CHICAGO, Aug 17-WhlIe the situation to-
day was regarded very strong in wheat by
the trade, the advance sustained near the close
of the session was but NC The greatest ac-
tivity and the highest prices of the day came
early Foreign advces were buish. and while
prices of futures were quoted as tending up
ward, spot wheat was Id dearer In Brisish mar
kets. Bull news came from the seaboard and
from the northwest. At New York foreign
only heavy realizing on yesterdays purchases
prevented a big advance News Of very low
temperature approaching very near, if not
quite to injurious frOstS in the northwest filed
every ones ears. Toe opening was sensational,
with prices about lHc over last night. Buying
was so general that another nc was added be-
fore II n. IN. Then there vas period Of re-
alizing and September, after touching Style
over last nght-reacted TO 84S4c, and toward
the close kept between 8494c and sage. Wheat
closed steady OF about 4sc advance for the day.
Corn closed NC higher for future contracts,
After a fair resume of trading and range of
fully 1c for leading futures, as in wheat. the
conditions made the crowd bullish and the
opening prices were steady. When cold weather
reports came so thick early the price of Septem-
Der moved up from 44Ac. the bottom, TO $3.50,
the top for the day in short order There was
q reaction 10 45c and a later drop to 4434c, and
the price closed at 44Ikc. The improvement in
corn had a good effect on oats, which were
near futures. Mess pork was active and prices
covere 4 a wide range. The opening sales were
at 10012Lhc higher, and ADVANCED 2O025c more.
The advance brought free selling by local
TRADERS, and a reaction of 10Gt12I1c was re-
corded, and the market closed at intermediate
figures Lard was active and higher, opening
at SC advance. A further appreciation of l0c
was recorded, followed by Il reaction OF 2I1G6c.
Short ribs opened nc up, advanced l0c more,
but reacted 71661l0c and closed steady.
Cash quotations. were as follows: Flour
firm and unchanged. wheat-No spring SIC;
No. red CSC Corn-No T. 441s0 15c. Oats
No 2, 25lec. Mess pork, per barrel Sl3 57IE
M13 90. Lard at SS GOlDS 921s. Short ribs 80 10
G1S p; shoulders 81 1907 30; short clear S. 20
40. Whisky 81 ~.
Leading futures ranged as follows: