The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-16

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cemoer delivery gs1zc; January delivery =
| February delivery =; Mag delivery 81 0i1s
Cora lover. moderately active. closing firmeri
No. 2 S64l5sSsc in eievesor; options
November delivery 55S4c; December teiiv-
cry sc: January delivery C; May delivery
55}4e- Oats lower and unsettled; options; No
&C; Nav delivery 49lsc; No. ; SPOT sGIkG "a
471sc; mixed western 4lQl5Oc. Hops dull bat
steady; new 439t3e; state. common 70
choice. $50 &c. Coffee-options closed Ic0 >
| OIL 05; December delivery Il s5a17 O5;
January delivery 10 2oGI6 go; March
IS l5Gl5 80; spot Rio dull and nominal; fair
cargoes 1916; No. 179sG1i75sc Sugar
raw steady; fair refining 45sc; centrifu.
gals. go test, ~ 2 5esc; refined quiet; 5Izc;
| o. ll-1Gc, yellow 5405%c; off a 7-Io
G5ssc, mould 3-l6c, standard A I-l6c.
e2nfectionerS' A 5$c. cut loaf and crushed
S916c. powdered 6Hc granulated 6Ikc cubss
6Ac. Molassss-Foreign nominal: NeS Orleans
easy; common TO fancy 3s 4Gc. Petroleum auiet
ana weak; crude in barrels Parkers, 81 Is;
refined. al ports. at 81 IS. Cotton seei oil
54t lDSoc. PotatoeS-Prine fairly active. Wool
quiet and firm; domestic fleece Si03lc; pulled
2tCD5lc; Texas l5025c. Provisions Pork quiet
steady; family 81 5)1lO 50; plate 81 COOS So
Beer. mans, quiet and easy az 2.2 00612 50.
DRIED beef duh but firm. Tiercet beef quiet
Cut meats dull but steady; picked bellies
555s401Sc; picked shoulders SIC; hams
$500 Middles quiet. weak; short clear IS o.
Lard lower active; western steam So 22lS;
city steam S. 80; options, November delvv''
cry -; December delivery So 81: January
delivery &c As; February delivery s6 81:
H narce delivery -; May delivery S. so.
Frel2hts to Liverpool firm cotton 9-64I;
grain Sd.
CHICAGO. Nov. i6-The wheat market ex.
n ! an the symptoms of true panic for
over an nour, but the SOasmS, though violent
were not long continued, and during the last
hour there was recovery of nearly 2l6c from
bhe lowest price of the day. with the CLOSING
figures showing decline since yesterday of &c
IN December and SIC in May. Corn ana oat;
were dragged down, while wheat appeared TO
be In the throeS of dissolution but came nm
again Ike corks when the weight of the panic
was hfted, and each closed with moderate
gains Provisions vera dull, and while avsra0-
ing lower, closed with very little loss since yes
terday. TIE wheat market. while free from
complications attending upon the financial
SITUATION as 1t appeared to be for about fifteen
minutes near the opening, gave some synp-
toms OF returning confidence among local spec
ulators In fact quite general feeling that
Tue end OF the decline had already taken MACE
was apparent, some leading commission men
SO expressing themselves. How far these opin-
Ions were from gauging the probabilities o. the
days fluctuations after the course of .he mar
ket h1d been witnessed, December wheat
started at 94L4c, with the pressure coming prin-
cipally from the selling side, and it quickly
declined to 94c. For short time fluctuations
played nervously around 94c touching g9Jhc
selling sparingly at 04Mc in the course of its
several changes. Trading during the time re-
terfed 10 was not very heavy and the hills
whlch too9 place appeared TO be in the direc-
ton or hrmnesS. It was observed, however by
students Of the blacHboa in stock Offices that
these securities were breaking in New York
and on this hint niInble runners in the wheat
PIT commenced TO unload, and in q few minutes
decline in December to $3.50 took place
There was only monentary rest at the figures
named, when 1t was followed by further drop
20 1880 There was q hard and exciting
struggle, lasting two or three minutes before
the pressure of offerings could cover some buv-
ing which such profitable decline brought in
favor or shorts, but it was overcome in the end
ana tnen enSued one OF those periods of wild
delrium which occur perhaps at intervals of
year or two in the wheat pit Buyers vera
wanted, but they would not make q move and
for time competition in undertaking TO Sc
cure buyers, such as knocked prices from I'M
der so rapidly that it was impossible to execute
the hundreds OF orders at the limits of exhaust
ed margins, and the decline was not arrested
until December wheat was selling anywhere
from 90MO9lc and May at 991909SNc. The re-
port Of the financial embarrassment Of BARNS,
BROS. OF London was the cause OF tue wild
stampede. Areaction from the lowest prices
of the day was not Indicative OF any very
great accession of confidence, but the market
during the last hour of trading was free from
the panicky feeling which mad previously been
characterized The price of December held
around 92s4 4o93c for q considerable time and
the resting figures were 93l8c for Decem Der and
81 CO.'S for May. The stocks of corn were So
small and the receipts of to-day and promised
for Monday were SO light that holders wers
very firm, and shorts, though very ag,yrps i've
had hard work to cause a break of BIC. even
when wheat was dropping about at that rate
per minute. The Opening was firmer than pre-
vious days, closing with May &c higher There
was further advance of &c before reaction
airy movement set in, during which latter
period the price broke 1850 from the ton. but
recovered &c Of this Immediately after and
during tho remainder Of the session this price
was maintained at some improvement over
Yesterdays closing. Oats were active but
weaker and lower early in the day, owing to the
weakness and decline in wheat and cora and
free selling by longs. Prices for May declined
l15c from Yesterdays close and touched 4331c
Later in the day firmer feeling gradually De
veloped and prices advanced Lose. The market |
fair gain on yesterday. Pork was rather active |
at irregular prices. Opening sales were made |
about at the closing figures of yesterday and a |
reduction of Sc was quickly submitted TO- Later |
prices rallied 712010c, but more pressure to |
SCH caused week feeling and prices receded |
718l&10c and closed quiet. In lard trading was |
moderately active. Prices declined 5Q17,bc and |
closed steady ct outside figures. In short ribs
fairly active business was transacted. Prices |
ruled 213c and closed steady at outside figures |
Cash quotations were as follows: Flour |
steady; winter patents 81 70Q5 90. Wheat-No. |
2 spring 91Iac; No. 2 red 9ltac Corn-No, 3
1925. Lard, per 100 lbs, SIS co. Short rio 81 les
loose, IS 35G15 40 Dry SILT shoulders. bOxeI |
S. 25GD5 3712 Short clear Sides boxed s. Ga |
TO- Whisky at 81 ID
Leading futures ranged as follows:
Opening. Highest. Closing