The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-06-17

a
the traders on the short side, who came in as
buyers to cover, Shorts seemed to be buying
ior account of some New Orleans parties who
nave open Straddles between the two markets."
GALVESTON, June 16.-Cotton quiet; middhng
use; net receipts none, gross none; sales -
bales; stock 1894 bales.
NORFOLK, June 16.-Cotton steady; middling
91Bc; net receipts 1913 bales, gross l2S; sales
10y bales: stock II, 4l9 Dales exports, coastwise
1853 bales
BALTIMORE June 16.-Cotton quiet but steady;
middling l01Sc; net receipts none, gross none;
sales none; stock 9,35S bales.
Boston, June 16.-Cotton quiet middling
lO14c; net receipts "a bales, gross 301 sales none
stock none; exports, to Great Britain is bales.
WILMINGTON, June 16.-Cotton quiet; mid
ding 911c; net receipts = bales, gross -; sales
bales
PHILADELPHIA, June 16.-Cotton dull; middling
1O14c net receipts rs bales, gross rs bales; stock
l437l bales; exports. to Great Britain 1857
bales.
NEW ORLEANS. June 16-Cotton quiet but
steady; middling 7-16c net receipts 1875 bales,
gross ,S36; sales 300 bales; stock IS, 81 bales
exports, coastwiSe 921 bales.
MOBILE, June l6.-Cotton quiet; middling
ssAc; net receipts IL bales gross ~; sales 200
bales; stock 1929 bales; exports. coastwise 100
bales.
MEMPHIS, June 16-Cotton steady; middling
e14c; receipts AZ bales; shipments 403 bales;
sales ], 300 bales; stock 1883 bales.
AUGUSTA, June l6.-Cotton steady; middling
99sc; receipts 70 bales; sales 23S bales.
CHARLESTON, June 16-Cotton quiet: middling
l1-16c net receipts % bales, gross 30; sales
none; stock 1883 bales; exports, coastwise 1907
bales.
ATLANTA, June 1s.-Cotton firm; middling
91ac; receipts 81 bales.
New YORK, June demonstrated net re-
cepts for all cotton ports to-day 2,S75 bales;
exports, to Great Britain 1872 bales, to the
continent -; stock at all American ports
S27, 800 bales.
The total visible supply of cotton for the
pOrld 10 4 halo frrhin koIa
are American, against 1895 $40 and $40
bales, respectively, last year. Receipts at all
interior towns for the week 6925 bales Re-
cepts from plantations 6,942 bales. Crop in
sight, 6,797.71 bales.
PROVISIONS, GROCERIES, ETC.
LIVERPOOL, June 16, noon.-wheat quiet; de-
mand poor; holders offer freely. Corn steady;
demand fair.
New YORK. June 16. noon.-Flour dull and
weak. Wheat lower Corn lower. Pork firm;
mess S1o 25G15 So Lard dull at IS rs. Freights
steady.
500 p m.-wheat declined 16@&c, with some
interest from exporters; options broke %@34c
early, ruling easy during the short session,
closing at BOTTOM No. red June delivery $50
Qao9sc, closing So4c; July delivery 694S9zec,
closing SOC Corn-cash L015c lower ard ruled
dull; options broke 14013sc early,s and with
few slight changes, closed at bottom prices;
@571sc, closing 56a4c July delivery 57s41575sc.
Oats A016c lower, closing weak; No. 2 July
delivery 37Gl371Ac; No. 2 on spot 37c. Hops
firm; State Hobo. Coffee, fair Rio on spot dull
and nominal at l554c; options heavy and 25GIE3O
points lower; No. Rio, June delivery IL SOC,
July delivery II 0501l zoe. Sugar firm but quiet;
fair refining 434c; refined quiet. Molasses dull
and nominal; 50 test 1919c. Petroleum steady;
ports. Cotton seed oil at 42c for crude; 47c for
refined. Hides steady but quiet. TallOw steady.
Leather in fair request. Wool steady. Pork
dull and nominal. Beef quiet. Beef hams
steady. Tierced beef dull. Cut meats dull.
Middles nominal. Lard more or less nominal;
Western steam, June and July delivery S. rs.
Freights dull.
CHICAGO, June 16.-when business opened on
Change to-day it was quite evident that the
spirit of liquidation was general. There were
few exceptions and a few bold takers of
cereals, but this only served for slight rallies,
and checked the downward tendency By noon
the conservative feeling of the morning gave
rise to a renewal of vigorous liquidation. Large
parties of long wheat came out, and July, which
opened unchanged at 6216c, falling down to S11sc,
and returned to SIC, about the closing price
last night, took a plunge, and went to 801kc,
with a slight rally to size. AS against the
spirit of realizing and liquidation there was lit
tie to encourage buying. Clearances were small.
There was some buying by exporters for the
continent, but selling by British agents. The
weather and crop news grows more bearish
every day Outside estimates do not put the
visible supply decrease at over 900 bushels.
July closed at Sl1ac. Corn was quite active to-
day and at times considerably excited, with
transactions heavy and at q lower range of
prices. The bears were particularly favored by
circumstances. The shipments were light The
weather was the best possible for the growing
crop. Wheat was panicky The estimates for
Monday were large, and it figured that the
local stock had increased fully 100000 bushels
during the week. With this array of facts on
their side. the bears sailed in with more than
usual confidence. One operator led the ball by
dumping $50 900 bushels July, and be was fol
lowed by other large firms, while the small
army of light weight professionals brought up
the rear Values took a wild plunge down
ward July opened at 5176c, and brought up
shortly after noon at 50l2c. Here there was
enough buying to prevent further slump
Hutchinson was free buyer from 5112c for July
down to the bottom July closed at 505sc. Oats
suffered a decline under the combined influence
of good weather, fine crop prospects, and the
no very large trade, but the market was heavy
and sagging, with but little recovery to the
close July oats fell from 331Ac to 321sc, and
closed with 3214c. Provisions were rather slow
and weakened early, in sympathy with wheat
and corn but later became stronger and rallied,
but the last sales were practically at the same
prices as yesterday. Scalpers were the prnci-
pal traders, but were not at all aggressive. July
pork sold at S13 60013 10 and closed at S13 6715.
July lard at SIS 4715Gs 5219. and closed at IS Az
@s so. July short ribs sold at 81 421s@7 So
Packing since March amounts to 915 900 hogs
against 951, 900 hogs the same time last year,
Cash quotations were as follows Flour dull
and neglected Wheat-No 2 spring 8634c
Corn-No 2, 1890. Oats-No. 2, 3216c. Mess
pork. per barrel Sl3 90. Lard IS 371e. Short
rib Sides loose 81 45. Dry sailed shoulders,
boxed &c. Short clear sides, boxed IS. Whisky
81 20.