The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-05-27

500 o. m.-Market closed steady; middling
uplands 100, middling Orleans i01Sc; sales to,
gay l,7;7 bales; net receipts - bales, gross
Futures-Market closed dull with GALA. a,
1890 bales, al follows: May delivery 81 GAo p2c,
june 9l@9 92c, July 10 O0GAl0 Ole, August
10 09gl0 loo, septembeS Q 100 nc, October
1903 40. November s7G9 Sc, December
OF SAC, March 61Q9 &c.
messrs. Hubbard. Price & Co. scotton circu-
lar says: 1T has been a little more than dull
and nominally unchanged market for cotton
certlncateS Values iuctuated points during
the short session, finally closing at the same
prices for the old and 2 points higher for the
new crop. Compared with last night, most of
the business has been Saturdays adjustment Of
unsettled deals. and included more or less
switching of JuneS into the two following
months On the whole, the undertone was
steady to some extent, assisted by the non-cr
culatlon OF June notices. Demands for spots
were more active. .Spinners bought about 1000
bales last evening""
q GALVESTON May 26.-Cotton quiet; middling
g7-16c; net receipts 1872 bales, gross 1872; sales
Ia bales; stock 5,63s bales.
NORFOLK, May B.-Cotton quiet; middllng
913-16c; net receipts 297 bales, gross 1917; sales
100 bales! stock 1868 bales; exports, coastwise
S35 bales
BALTIMORE, May 26.-Cotton quiet; middling
lOc; net receipts none, gross none; sales none;
stock 1l,710 bales.
BosToN, May 26.--Cottonquiet mlddling 1o1sc:
-SSSiPSS Wv ~ssASSt 6AOoS 4t~Ool 1oAOn AOhos
stock none
WILMINGTON, May 26.-Cotton quiet; mid,
ding 9ssc; net receipts211 bales, gross 2ll sales
none; stock e,644 bales; exports, coastwise 81
bales.
PH1LApELPHrA, May 26.-Cotton duh, mid
ding l0Ac; net receipts "a bales, gross 81;
stock 1S,06S bales; exports, to Great Britain
1893 bales.
New ORLEANS, May 2e.-Cotton quiet and
easy; middling 91fc; net receipts $50 bales,
gross 552; sales 500 bales; stock 125, 055 bales
exports, ooastwise 547 bales.
MOBILE, May 2&-Cotton quiet: middling
$40; net receipts 81 bales, gross 81 sales 156
bales
MEMPHIS, May se.-Cotton quiet but steady;
middiinE 9.l6c; receipts "a bales shipments
232 bales; sales 8S5 bales; stock 20 99S bales
AUGUSTA May 26.-Cotton firm; middling
$3.50; receipts SO bales; sales 81 bales.
911-16c; net receipts 1913 bales. gross 1873; sales
80 bales; stock 1904 bales; exports, coastwise
l,2lo bales; exports to the continent yesterday
should have been 2,260 bales and stock 4,454.
9]kc; receipts Is bales.
New YORK, May 26.-Consolidated net re-
ceipts for all cotton ports to-day 2,734 bales;
exports, to Great Britain 1904 bales, to France
- bales; stock at all American ports 405, OH
bales.
The total visible supply Of cotton for tho
world is 0O9 1875 bales, Of which l,4O9 1875 bales
are American, against g 100, $50 and 1,454 1855
bales, respectively last year. Receipts at ali
interior towns for the week 13,646 bales. Re-
ceipts from plantations o,166 bales. Crop in
sight, 6,711,2 1877 bales.
PROVISIONS. GROCERIES. ETC.
LIVERPOOL. May &c, noon.--wheat quiet; de-
mand poor; supply good. Corn dull; demand
poor; new mixed Western'5s 4d.
NEW YoRK. May &c, noon.-F1our dull and
heavy Wheat lower. Corn lower. Pork steady;
mess S15 25015 80. Lard easier at SO T5
Old mess pork SAGA so. Freights steady.
changed; Wheat heavy; options ruled dull and
weak all day; No. red, May delivery 95160
957sc, closing at $3.50; June 9411@951sc, closing
at Csc. Conceptions closed steady; spot 40
CSC, closing at 64S4c; July delivery 621606sc,
closing at &c. Oats trihe lower and heavy
No. 2 June delivery 3s13c; July 38 11-160SSs4c,
closing at 3Sa4c; No 2 spot 38139c. Hops in
quiet; options heavy and unsettled and 40070
points lower; No. Rio, June delivery 10 go
IA csc; July delivery ~ 80013 00c, August ~ 05
@12 55c. Sugar dull and unchanged; fair refln-
G 55SG534c, off A 1-16c, mould A &c, stand
ard A 614c, confectioners' A 69sc, cut loaf and
crushed &C. powdered &c, graduated 634c, cubes
&c. Molasses dull; 50-test zoe. Petroleum steady
crude, in bbls, 63sQ656c: nc for refined at all
ports. Cotton seed oil quoted at 42c for crude,
46l6@47c refnec. Tallow 15-l6O4c. Hides in
light request. Wool dull and heavy; domestic
fleece 26N36c, pulled 1803Sc, Texas 130l9c.
Pork dull and unchanged; mess S14 00Q1450 for
old; SIS 25015 so for new. Cut meats quiet and
firmly held; picked bellies i96c. Middles dull
and nominal Lard dull; Western steam, on
spot IS IS; May delivery So 81, June delivery
S. 700S71. Freights dull.
CHICAGO, May 26.-The opening on Change
was characterized by general weakness. While
the forenoon operations in the grain pits were
the tamest of the week. they we're far from
dull. Declines were quickly followed by slight
reactions and while there was downward ten
dency early for all grains, which showed good
rallyng strength, corn held up well in the face
of wonderful receipts of contract stuff. Wheat
was weak toward the close to-day, after selling
up and down most of the session. with 16G134c
range, just under last nights prices The stu
alton at the seaboard aud on the other side was
bearish while advices from the wheat fields
were as bullish as any yet received. But few of
the big local operators showed their hands and
Ream was prominent as bear and the scalperS
were with him. The prospective accumulation
of wheat at the seaboard, and the poor outlook
for working it off in foreign markets was, and
has been, the bears best hope. Corn was sim
ply weighted down to-day by the actual stuff
which was received here for few days past
and which will be received early next week.
This morning the receipts were 7SS cars, of
which 625 cars graded No. 2. A later estimate
for Monday was put at 920 cars. Opening prices
were about sc under last night. Best prices
for the session were but &c better than the
opening, and the closing prices were 1c lower
than yesterday. There was fair volume Of
trade in the pit. The market would no doubt
have broken even worse but for the belief that
the present big receipts cannot last long. Oats
were considerably depressed and there was a
liberal reaction from the lately advanced prices.
May shorts we're covered with such freedom the
last few days that to-day there was little in
quiry and prices broke to and closed 2I4c below
yesterdays closing figure May opened at &c
and closed at 35I3c; July opened at 3316c and
closed at 33c. Provisions were decidedly weak
and unsettled and marked decline in prices
was established. The receipts of hogs were fair
and prices lower, and the corn market also
favored the buying interest Eastern markets
were easier and Liverpool advices showed
weaker feeling. Under these circumstances
local operators were disposed to sell products
rather freely for future delivery, and outside
orders were largely on the same side of the
market. The demand was comparatively light
aud mainly from short interest, and the market
lacked support the greater part of the day.
The market closed rather tame at inside figures.
July pork opened at Sl4 4216 sold down to
S14 o. and closed at $14 271a. July lard opened
at S. CO. sold down to So 30, and closed IS 5214.
July short ribs opened at S. 65, sold up to S. 20,
down to 81 60, and closed at 81 o..
Cash quotations were as follows: Flour
steady. Wheat,-No. 2sprng ssh QDS516c; No. 2
red SOC. Corn-No. 2, 5514c Oats-No. 2, 3Gc.
Mess pork, per barrel S14 20. Lard at IS S116.
Short rib sides, loose 81 55Gt7 GO. Dry sailed
shoulders, boxed s6G6 %. Short clear sides.
No