The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-05-11

Mobile ONO. } Cotton on certih. 81
IBID.
LIVERPOOL May 10, noon.-Cotton firm, with
good demand middling uplands 7-16d mid
ding Orleans sgd; sales ~ 900 bales, for specu-
baleS-American 800.
Future. Uplands, low middllng clause,
May and June delivery 25-64d; June and July
25-64015 26-64d; July and August 5 26-64d;
August and September 5 26-64d; September
and October l6-64d; October and November
5 1l-64d; November and December 9-64d. Mar
ket firm but quiet.
2 p. m.-Saes OF the day included 1900 bales
American
Futures-Uplands, low mddling clause, May
delivery 25-64d, buyers May and June 25-64d.
buyers; juno and July e664d, sellers; July and
August 26-64d, buyers; August and September
26-o4d. sellers; September and October l6-64d,
sellers; October and November 51l-64d sellers;
November and December 8 God, value; Sep
tember 26-64d, sellers. Futures steady.
Good middling uplands 5ssd, middling up
lands 7-l6d low middling uplands sad, good
ordinary uplands Lied, ordinary uplands
1850: good middling Texas sgd middling
ordinary Texas 61sd, ordinary Texas l3-i6d;
good middling Orleans 11-10d, middling Or
leans 611d, low middng Orleans 5-16d. good
ordinary Orleans S'l6d, ordinary l316d.
a p. m.-Futures: Uplands, low middling
clause, May delivery 25-64d buyers May and
June 25-o4d, buyers; June and July 26-64d,
value; July and August 27-64d, sellers; Au-
gust and September 26-o4d, buyers; Septem-
Der and October 15-64d, buyers: October and
November 5 ll-64d, sellers; November and De-
cember 9-64d, buyers; September 26-64d,
buyers. Market closed steady
New York May 10, noon.-Cotton firm;
mlddling uplands 10c, middling Orleans 10lsc;
sales All bales
Futures-Narket opened steady, with sales as
follows May delivery Sc; June Q CSC; July
10 02c; August 10 lie; September 8 RE- October
43c.
500 D. m.-Market closed firm: middling
uplands Zoe, middling Orleans 1885, sales to-
day 79i bales, inc uding 600 bales for export;
net receipts 30 bales, gross "a.
Futures-Market closed dull, with sales of
AZ. 800 bales, as follows May delivery 8 900
90 92c, june 96G19 SIC, July 10 05010 06c,
August 10 1000 l4c, September 72ct9 7sc. DC
tober 45D9 47c, November 5000 SIC, De-
cember 8 3719 3sc. January 9 44G19 45c, Feb
ruary 5209 SEC, March 60@9 Gle.
Messrs. Hubbard. Price & Co cotton circu-
lar saws: With favorable influence from
abroad, and rather nervous short interest here
our market opened points above last night
and gained further 8 points for the summer
months on purchases both tocover and invest.
Notwithstanding the small reaction toward the
close. final quotations show an advance of Z
points since yesterday for new CROP while late
months are only points higher.
GALVESTON May 10-Cotton dull; middling
7-16c; net receipts III bales, gross III; sales
46 bales; stock $3.50 bales; exports, coastwise
1906 bales.
NORFOLK, May 10.-Cotton quiet but firm; mid
ding 1850: net receipts l,418 bales, gross
LAB; sales 1877 bales: stock 1921 bales; ex-
ports coastwise SS3 bales
BALTIMORE May 10-Cotton steady; middling
l0c; net receipts 10S bales, gross 1874; sales
none; stock II .496 bales; exports, to Great
Britain 1873 bales.
Boston, May 10.-Cotton quiet; middlng 1O16c;
net receipts 300 bales, gross 574; sales none;
stock mono; exports, to Great Britain 1850
bales
WruYNaroN MavtO Cotton S+aadv. r,iddIipe,
916c; net receipts II bales gross II sales none
stock 2,643 bales.
PHILADELPHIA, May 1O.-Cotton dull; mid
ding 104c; net receipts none, gross none;
New ORLEANS, May 1O.-Cotton steady; mid
ding 91ec; net receipts 1000 bales, gross 2, $780,
sales $500 bales; stock 162, 5S3 bales.
MOBILE, May 10.-Cotton steady; middling
716c; net receipts 20 bales, gross 20; sales 200
bales; stock IA, 497 bales; exports. coastwise 700
bales
MEMPHIS, May 1O--Cotton firm; middllng
9 9-16c; receipts 469 bales; shipments 2219 bales
sales 900 bales; stock 3S,S7 bales g
AUGUSTA May l0.-Cotton firm middling 95sc;
receipts Is bales; sales 900 bales
CHARLESTON, May l0.-Cotton quiet: demand
good; middling 11-16c; net receipts 43s bales,
gross 438; sales so bales stock 9,179 bales
ATLANTA, May 10.-Cotton steady; middling
8 7-16c; receipts 81 bales.
New YORK, May demonstrated net re-
ceipts for all cotton ports to-day 5,233 bales
exports, to Great Britain II, 4S3 bales, to the
continent 825 bales; stock at all American ports
470,277 bales.
PROVISIONS. GRoC ERIEs. ETC.
LIVERPOOL, May 10, noon.-Wheat in fair de
mand holders offer sparingly. Corn steady;
demand fair.
New YoRK, May 10, noon.-Flour quiet but
firm. Wheat unsettled and lower. Corn higher.
Pork firm; mess S15 00@15 25 Lard steady at
IS 571k. Freights steady.
500 p. m.-Flour, Southern quiet but firm.
Wbaaf-OptOnS nypitad and favariSh ole
steady after brisk business; cash quiet but firm ;
No. 2 red, May delivery 955s097c; June "a 1t-16
0964c. Corn-cash firm; options 14c better,
ruling firm, speculation rather slow; No 2, May
delivery 6414@65c; June delivery 63s4c. Oats
cash firm: options a shade lower, closing heavy
No. 2 May delivery 3S146435ssc, June $3.50
3s7sc; No. 2spot, 3S3sO3S34c; mixed Western
376139l6c. Hops in light inquiry. Coffee, spot
fair Rio firm at l5Ac; options fairly active and
a shade higher: No. Rio, May delivery ID 2O@
10 35c; June delivery ~ 65012 SOC. Sugar dull
steady; crude, in barrels, 61S@6Ac; refined 79s
6171fc at all ports. Cotton seed oil quiet for
for crude and refined. Tallow heavy at 4164
9l6c. Eggs easier and dull; Southern 12S4c.
Beef steady Beef hams dull. Cut meats very
firm; picked bellies 71sc. Middes nominal
Lard closed weak; Western steam, on spot
IS IS, June delivery ss 4O9s 43. Freights flrm
cotton Sold, grain 116d
CHICAGO, May 10.-There was nervous activity
on Change during the morning. The govern
ment crop report was expected to cut a big
figure in the price of wheat before the close of
the day. 1t was shortly after IL O'Clock when
the government estimate was made public
here. There had been some selling to realize
on yesterdays big buying, and prices were
about 14c under the close of last night. The
moment the wires gave the figures there was a
furry on the floor, and every one turned to the
wheat pit. On the instant there was craze to
buy. July jumped to at once from 6614c to
S611c, then in ten seconds to SIC. and this
annt 70 and -,
871Ac and TO s7l4c at the same moment in diff
ferent parts of the pit. This was the top, and
IL was 1c up and turn in three minutes. June
sold up to S5a4c and December to 593Ac at IL
O'Clock. June was back to last nights price,
S5Ssc. July was down to S6Ac-lc off from the
top in the bulge and 4c lower than last night,
and December back to where IL opened at SS4c.
The Washington report proved a boomerang.
Many operators here and elsewhere had taken
wheat since May, with the view of unloading
with profit on this report. Again, professional
traders dis counted tbe effect by bulling the
market yesterday. Still again the country did
not come in with a rush to sustain prices. and a
flash and tumble all in one hour was the result
There was further dip in prices few minutes
before the close, and July sold at S5l1c, closing
at 8513GDS55sc. and June at sac and December
at 677s0LSSc In corn the range of prices during
the first hour was the range of the day The
pit was almost entirely deserted, and trading
was consequently light. The feeling, however
was rather flrmer. Oats were quite active
early, round lots coming on the market and
were readily taken. The market subsequently
became quiet and weaker. Provisions ruled
easier, and prices averaged lower. In the alb
sence of any special demand for the cash
,a1 Nj, f..I