Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-20
MARKETS BY TELEGRAPH.
NEW York;

NEW York, November 19.-Southorn
-four duh and weak. Wheat unsettled
and moderately active, closing firm No.
. red, 9Sla9Sic., in elevator; options
sold off early l3al4c. on tho weakness in
finances in London, advanced later Ia
DC, and closed firm on the better feel
ing No. 2 red, November, 9Sic. {;
December, 9SIc.; January, Sl.0Oa I;
May, SI.04. Corn unsettled, lower, aud
fairly active, closing firmer No. ?, 5ta
81 e. In elevator options declined early
13alsc on the financial situation and re-
covered 1lalic. on the better tone gen
orally; November, 56sc. December,
57lc. /; May, jSlc. Oats duh, unsettled,
and lower options quiet and irregular (;
November. 45ic. December, 46ic. /;
May, 1870. No. 2, spot, 4jai6ic. mix
ed western, 44aiSc. HOPS steady and
quiet. Coifee-Options closed steady /;
November, Sl6.95aSl7l0; December,
1G s0aSl6 % May, sl4.S5aSl5; spot
Rio dull hut steady {; fair cargoes, $500.
Sugar-Raw dull and nominal refined
quiet and steady. Molasses Foreign
nominal; New Orleans easy and quiet /;
common to fancy. 35ai0c. Rice steady
and quiet. Cotton-seed oil steady and
quiet crude, 2ec. Rosin steady and
quiet strained. common TO good, 81, 45a
$3.50. Turpentine dull but steady at
iOaiOic. Wool steady and quiet Pork
weak but quiet. Beef steady and quiet.
Beef hams quiet. Tered beef quiet
and firm Cut-meats dull and easy,
Middles dull and weak. Lard-West-
ern steam, 81. 10; city, 1915; Noyem-
Der, S6.05; December, s6.O6; May,
$3.50. Freights steady; cotton, I'd. !;
grain, Sd.
CHICAGO.
CHICAGO. November l9.--Cash quota
tons were Flour dull and easy. No. 2
spring wheat, 90ic. No. 2 red, 90ic.
No. 2 corn, 5Oic. No. oats, 42a
42lc. Mess-pork, S8.S7IaS9. Lard,
g.. so. Short-ribs, 1925; shoulders,
sL87laS5; short-clear, S5.50aS5. 90.
Whiskey, S1.l4
RETURNING CALNNEss,
The markets, from the extremity Of
decentralization Mt the opening, recOy-
cred some semblance Of returning calm
after the middle Of the session and, fol-
lowing the sensational declines, prices
gradually recovered AND averaged higher
at the close to-day than at the core-
spending time yesterday. May wheat,
after declining &c, not only recovered
this loss entirely, but added &c. to yester-
days closing quotation. Corn closed
without change since yesterday after
spell of radical weakness. Oats made a
slight loss. Pork declined &c. and lard
and ribs closed at IN advance Of 24a5c.
THE OPENING EXCITEMENT.
In the wheat-pit, which was the centre
of the excitement prevailing at theopen-
ing. buyers kept their mouths closed for
a moment, aud accordingly deaiening
noise went up simultaneously with the
signal to begin from the Threats OF panic
stricken holders. Wheat which yester-
day afternoon closed at SSic. was yainly
offered at 97c., and not until sellers APP
peared willing TO accept soc did buyers
come forth in any great numbers.
Transactions took place at the same mo-
ment at $3.50. and 96tc. There may
have been trade or two at SIC. and
there we're certainly some traders at 9dc.
DECEMBER ALMOST sMorHERED.
December was almost smothered out
of hearing when business started, May
now having secured the greater part OF
the patronage of spectators IL was
offered at any where from 1874 to ss9 at
the commencen ent, with some transac-
tons passing at both extremes ALI the
demonstration indicated by the foregoing
proceeded from the apprehension of
some rsnding peril. There was nothing
in the usual governing Influences before
business started to account for the in
crease of panicky feeling which pre-
vailed. The cables, it is true, reported
the English markets for bresdstutfs weak
and wheat lower, but less than this could
not have been expected to follow yesteg-
DAYS extreme weakness here.
THE FEELING OF ALAkM NoDERATEs.
There was free covering Of shorts at
the opening OF the market and so long
as the prices OF December kept down
around Doe. and May remained in the
ueighborhood of 96sa97c., and later
there was considerable buying for long
account, the feeling Of alarm being re-
placed by one OF moderate hopefulness,
while reports from New York brought