The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-20

and averaged higher at the close to-day thsn at
TIE corresponding time yesterday. May wheat,
after oechning s5fc. not only recovered its loss
entrely. but added sc TO yesterdays closing
yesterday, after a spell OF radical weakness
oats made slight loss Pork declined &c and
lard and ribs closed at an ADVANCE Of 2lS65c
ln the wheat pit, which was the center OF en-
element prevailing at the opening, buyers kept
their mouths closed for the moment and ac-
coroingly a deafening noise went up Smultane-
ously With the signal 70 begin from the threats
OF panic-strickea holders Wheat, which yes
terday afternoon closed at 9Si4c. was vainly
offered at &c, and not until sellers appeared
willing 20 accept 96l4 &c did buyer come forth
at the same moment at 96Ac and 96Ac There
may have been trade or two at &c and there
were certainly some at 96c. December was
almost smothered out Of hearing when business
started. May now having secured greater
part of the patronage of spectators IL was
offered at anywhere from s914 TO S3s1c at the
commencement, with some transactions pass
ing at both extremes. All the Generalization
lndlcat d by the foregoing proceeded from the
apprehension of some pending peril. There
was nothing unusual in the governing influences
before business started, to account for the in
crease OF the panicky feeling which prevailed
Cables reported that English markets for bread
stuffs was weak and wheat lower. but less than
this could not have been expected 10 follow
yesterdays extreme weakness here There
was tree covering of shorts at the opening of
the market, and so long as the prices Of Decem-
Der kept down around Csc and May renamed
10 the neighborhood Of 964191c. and later
there was considerable buying for long account
The feeling OF alarm was replaced by one of
moderate hopefulness, while reports from New
York brought no tidings of any fresh disaster
there, and quotations showed an increased de-
mand for good securities May, in the Course
OF the last half hours business, advanced 10
9Ss4c, reacted TO CSC and had a strong closing
The corn market was the scene OF wild commo-
tlon at the commencement, and heavy trapsac-
lions rpCOrdad duriney the irsth hall bn.
shorts were the only buyers in sight, and heavy
Lines of those outstanding contracts wound up
at the expense of disappointed sellers of long
corn. Inc opening price for May was 50&c.
and 1t sold az o0l5c within a minute or two
thereafter, and there was quick recovery to
5l4c. Prices remained within the limits of Sic
ana o. 51c Tor considerable time, and then be-
came Iirmer, advancing TO 5914c There was
very little trading in other futures. Oats
opened wild and unsettled, with sales for May
al lQ1 sc decline and quickly receded SIC more
AFTER the furry subsidized a better feeling deyel-
Cpd, and there appeared to be as much desire
TO buy as there had previously been TO sell and
prices advanced &c and the market closed steady
at net decline OF l41lssc from yesterday.
In pork trading was very heavy, accompanied
with frequent and wide huctuati ons in prices.
Prices on the whole range declined 60065c At
the decline the demand improved, aud as there
was less pressure to fell, prices gradually raj
lied 6O1Sc, and the market closed compare
lively steady. In lard a very brisk trade was
| reported. o ening sales were made at 7I60b lOc
uecllne, and this was quickly followed by a fur
| Their reduction of 10c. Later the demand i'm
proved and prices rallied 2092216c and closed
| comparatively steady. Ia short rib sides there
was more interest than usual and trading was
| quite heavy at an irregular range of prices.
| Opening sales were made at SC decline and a
| further reduction of 10c was quickly submitted
| to. At the decline buyers were more inclined
to take hold and prices rallied 154l716c and
| closed comparatively steady.
| Cash quotations were as follows; Flour
| dull and easy. Wheat - No. 2 spring
| 901Sc; No. red 90ISc. Corn-No. 2, 50slc.
oats-No. 2, 42c9a21sc. Mess pork, So S7lf
| 90 90. Lard, per 100 ms, S. 80. Short rio
SHES IS 2SG1S5 30 Dry self shoulders, boxed
| g S1995 %. Short clear sides, boxed. S. so %
| S. CO. Whisky at 81 Ia.
| Leading futures ranged as follows:
| ODantnp Hphau T1oxin1