The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-06-25

II
Aug. delivery 22Ss go.
Sept. delivery. 2ses -. 49,.
Mass PoRK-
July delivery..Su 20 s.. 8 ....
Aug. delivery. II IS II ny IL IN
Sept. delivery. II s2tS II s7ss II IS
LARD, Per 100 lbs
July delivery. So so se5 IS SOS
s Sqs delivery delivery. So g. sS IS
SHORT RIBS. Per 100 lbs
July delivery IS 7sIS IS seq IS S2JS
Aug. delivery. 5 SIG 80 $50
CISoISsATI, June 2f-Flour steady: family
g 25Q3 so; fancy S414 20. Wheat easier; No
red s561S7c. Corn firmer; No. mixed S716c
Oats dull; No. 2 mixed s5G2Slsc Provisions
Pork steady at SO 22ss. Lard steady at S. 2s1S
96 30. Bulk meats closed steady; short ribs So
Bacon closed firm; short clear 81 WHISKY
steady at 81 OF. Hogs closed stronger; common
and light 50 6o94 50; packing and butchers
"a 25@a4 40.
ST. LOUIS, June 2L->F1our dull and IN
changed. Wheat firm; No. red cash soa
oO1Rc; June delivery o0GGS2c. Corn higher; No
z mixed, cash s11sc; July delivery S1lac. Oats
peter; No. 2, cash &c bid; June delivery sc
bid. Whisky at 81 02. Provisions quiet.
NEW ORLEANS, June 24.-Sugar, Louisiana
open kettle, market bare; centrifugals. off
low clarified Sl4@Sssc. Molasses quiet; Louis
lana centrifugals, fair TO good fair 19G20c
common to good common 1601sc,
BALTIMORE, June 24.-Flour fairy active and
s5Q92c: Longberry Sf@sSc; Western dull and
easier; No winter red, on spot nominal; July
delivery size. August delivery soc, September
delivery Sos4@@Sl1sc Corn-Southern higher
white 4S@4oc; yellow 410as3c; Western quiet
but firm.
NAVAL STORES
New YORK, june q, noou.-spirits turpentine
quiet but steady at 3s1sA3Sc. Resin firm, com
mon to good strained 81 1901 1215.
tine quiet.
CHARLESTON June 24.-Turpentine steady at
s4c. Rosin steady; good strained at soc.
WILhISG-oS. June A.-Spirits turpentine
steady at 3414c. kosln steady; strained 75c good
strained SOC. Tar firm at 81 so. Crude tur-
pentlne firm; hard 80; yellow dip 81 so, virgin
81 so.
New YORK, June 24.-Rice quiet and steady.
PETROLEUM.
NEW YORK, June 24.-There was a sudden
change in the trading in petroleum to-day, and
instead of the dizziness recently prevailing there
was heavy trading, wide fluctuations and in
tense excitement, all incident to an advance of
3lsc and a reaction of &c, making the day the
most active for eighteen months. The advance
was based on an advance of 20 points in the
price of refined oil and on report that pro-
ducers had exercised their option, which would
expire on July |, and delivered the Standard
Oil Company 3,500,010 barrels at 90c The
opening was firm at $3.50, and the price ad-
yanced slowly in the first two hours, reaching
of%Bc az nOOn Inen the news OF an advance IN
the price of refined from to 10c caused scare
| among shorts, and when they tried to cover
they found no oils Cor sale. Buying by Standard
Oil brokers and western operators rapidly ran
the price up, and in less than half an hour it
reached 95c. sharp reaction then set in and
the price fell to SSc but buying by Standard
Oil brokers and big producers continued and
the market closed steady at 90L4c. In Consoli-
dated Exchange-Sales AGO. 600 barrels open
ing, S37sc highest, Csc; lowest, s91sc; closing,
9O4. New York Stock Exchange Sales 562, 900
barrels; opening s334c; highest, 95c; lowest
$3.50; closing. S99zc. Total sales for both ex.
changes, SAN, 000 barrels.
The cause of the sudden advance was the fact
that the Standard Oil people had brought about
settlement of their agreement with the Pro-
ducers' Protective Association which was not
expected to expire till July /. By this agree
ment the Standard Oil Company had call on
3,5OO,000 barrels of oil held by the association at
&c, with charges since Nov. I, 1857
AN EXCITED MARKET AT PrrrsBURG