Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-05-13
MARKETS BY TELEGRAPH.
NEW YORK.

NEW 1Ohh.
NEW YORK. May 12.-cotton quiet; sales to-
day 307 bales; upsnds, 4 l5-l0c. Orleans.
esSc.; net receipts, all ports, 1906 bales; ex-
pOrts-to Great Britain, l.457 bales; 70 France,
6,732 bales; stock, 432,204 bales. southern
-four duh and heavy. Wheat 1lfa21sc. higher
and dnll, closing drm No. red, sLia34asi 81 10
IN elevator. Options advanced steadily u llso
2ssc. above yesterday and closed steady.
Trading was slow, but general affairs were
frightened by tho better foreign financial news.
The decrease on passage had little influence
No. 2 red, May, sl.14; June, s1.llst; July,
Sl.00. Corn lower and duh; No. 2, 1Sa1o]Sc. IN
elevator; options strong at l1s1ilec. advance
on light offerings and covering; May, f5c.
June, 6S}ec.; July, 66a66&c Oats dun ana
irregular; options quiet and stronger; May,
5714c.: July, 559sc.; No. white, May, 0s39a
5s3ic. spot No. ?, 57I6a5Slsc. Hops Arm and
quiet Codeo-Options oponed steady aud closed
steady and unchanged 10 20 down; May, s11.s0a
1880: June, sf7.75as17.S0; July, 1890;
spot Rio dun but steady; fair carRoes, $50.
sugar-Raw nearly steady and fairly active; re-
fined unchanged and quiet. hoiesses-- New Or
leans quiet and steHdy. Rice quiet and steady.
Petroleum quiet and steady; rcnned, New York,
7.20c. Cotton-soed oil strong and dull; crude
offering az 2oa2gc. Resin quiet and steady (;
strained, common 10 good, s1.b5asl.1O. Iurpen-
tlnequiot and steadler at 3yl8a4Oc. Pork quiet
and steady. Peanuts firm; fancy hand-ptcked,
4l4c.; farmers, 2Isa3Isc. Beef dull but nrm.
Beef-hams firm and quiet. Tiorced beef firm
and quiet. Cut-meats quiet and stoady. Mid
ern steam, 1870 bid; city, $500; May, s0.7t ;
July, 1886 asked; refined dull and weak.
Freights 70 Liverpool steady but dun.
CHICAGO.
CHICAGO, May l2.-Cash quotations; Flour
steady and unchanged. No. 2 spring wheat,
sl.04I6; No. 2 red, S1.05as1.07 No. 2 corn
65lic No. oats. Ole. Mess pork, sll.40.
s11.45. Lard, s6.42IS short-ribs, s5.e0asbo5
Dry salted shoulders, S5.15as5.25. Short-clear,
S0.40a96.5O. Whiskoy, Sl.17.
Tho panicky feeling In tho financial centres OF
Europe over tho disturbed fiscal situation IN
Portugal WAS not reflected In the wheat pit here
as such matters are usually. Wheat acted all
the forenoon as though II was scoring for an adj
vance. During the last part the advance became
beGrish. News, no matter how important,
seemed to have bu. temporary effect, Bulhsh
news. however, met n ready response. feature
Of the session was tho strength OF May. July
opened at 975sa07Isc and quickly advanced 20
993,c., influenced somewhat by the news In the
morning papers that the man-of-war Charleston
was steaming down tho Pacific coast In pursuit
of the Itata with the possibility Of a fight. The
market hung around this figure as ralylne
| point for long time, and il was afternoon when
another decided movement was made, which
| eventually carried the price % Sl.O1A, the
highest figure OF the day, though this was not
| accomplished without stubborn resistance
| from the bears, who made number OF raids on
| the way up. They succeeded in driving the price
down TO 90Ac several times and TO 90c. once.
The reports Of panics on the Paris Bourse and
| In Portugal were the main Items Of news ON the
bear side. The closiug Paris cables were higher
and gave the bulls great deal Of courage and
| they served 10 dlscredlt the public reports OF q
panic there. Realizing sales sent the price OIL n
little at the close. Corn was as stubbornly
strong as wheat. There was q good, lively
trade. Shorts were made nervous by the fact
that local receipts were sixty-iye cars short OF
estimates and that the estimates for Tomorrow
were extremely light The bulge In wheat also
helped 70 brighten many shorts into buying.
July opened at 5Sa5SAc., sold Of 10 5Sc., adj
yanced with one or two reactions 20 O0Nc.,
closing slightly lower. oats were active and
nrmer. Provisions were raided early by large
shorts, who playing for break TO cover
ON. The result was recession OF 22tec. In the
price Of July pork, which suffered the brunt OF
the attack OF 21sc. I'm July lard and Of NC. In
July ribs at the opening. Later, In sympathy
with the grains, there was a rally 70 point
slightly above the opening, the market closing 81
medium agures.