Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-05-15
MARKETS sy reLEoRAPH
NEW YORK.

NEW Yonx, May i4.--cotsou arm sslss ~
day, 304 bales; upiands, 5s$cj Qriean1
port;S as rs ssN sssn bales 70 ne Con-
tinent l,450 baies; stock, All 800 ossess soos2'
cru -four dun. Wheat unsettled and le11e
lower; moderate business: No red. ellot0e
iSlc up on foreigners buying and nrmsr cabiee,
soon declined 1,Sa2;tc. on longs generally sot.s
ing through weak later cables. The eloee snpve4
steadiness at ssslt<c under yesterday No
red, May, et.1sIA; July, stoyk; scptsmoers
sl.04IS Corn lower, hea,y, and fairly acaiys;
No. 2, 70a7Sc In elevator; options opened ~.
up. subsequently declined lacs5c. with vneAs
ana a s.y,s S1S Gs Sss d MAY s. az
weak; options quiet and weaker; May, 561<cs
July, 5$s4c. SPOT, Nc. 2, o7s5s,4e mixed, vest
ern, 54s0oc. Hops frm snd quiet; State, COM
Coffee-options opened irregular and points
up 20 10 down; closed steady ami unchanged 70
90 down; May, e17.g0as17.95; August. e17.tSe
steady fair esTsos $50 spS @ sass and
steaiier; refined steadier aud In Moderate de-
mand; mould A, fssc.; powered, 4te; oaeesY
ave. Molasses-Foreign duil; New Orleans duh
but steady. Rice quie. and steady. Petroleum
quiet; refined az New York, 7.20c. Cotton-seed
OH dun. Resin quiet and easy: strained, com
mon to good, sl.65asl.e7% IN pentine Quict
and steady at 3sAa3e,sc Wool quiet and
s sissS p nc" S Ss' eng &
active and steady. Beef hams In fair demand
and firm az $3.50. Tiercod beefquiet snd arm.
Middlcs quiet and erm. Lard lower and duh;
$3.50; June $3.50 asked; JAY, se.7U asked.
Frelghts steady and quiet; cotton, l3sd; grains
lid
CHICAGO, May 1s.-ussh quotations: flour
unchanged. No, 9 spring wheat, s1.05t8; No 2
red, Sl.05lSasL0TI$- No. 2 corn, 6Si<c. No =
s ca 80 s s Mes poss Sish .d L1rd
ers, s6.l5ss5.2b. shors-clear, ss3oasd.4o.
Everything dealt In on the Board Of Trade vas
close yesterday afternoon, bat tho early
strength which had been worked mp very skill
fully on the curb overnight was soon dissipated
and materially lower nsures generally rcsaited.
Wheat experienced an especially nnarkcd boom
on the curb, the opening price being flsaltc.
higher than yesterdays close, add i,s fall was
proportionately heavy. closing, ltsc lover ior
July, compared with yesterday y 3 nnal nsurea Tho
higher and excited opening was due to an argenr
demand from shorts Numerous Sop-loss limit
orders were received, the limits being placed a.
what operators thought would be a safe ngare
over the closingof yesterday, but the limits wero
passed. II was also found very difiuuit aud un-
satisfactory TO trade 10 the new crop futures,
which az timee were quito neglected.. Further
Influences causing tho higher opening wero
higher cablo adyices, large purchases AZ the sea-
board yesterday, the 1rmnees 40 which May was
held over July, and tho Price Curenfs roview Of
the crop situation, noting somewhat loss favors
able conditions including insect damage In Kan
sas. Gable adyices were exceedingly unreliable
| all day. The official opening and closing prices
on wheat In tho English and Continental mar
kets were nrmer, but private cables that came In
during the morning were generally lower ana
quoted the weather on the Continent hot and
forcing. The only bearieh Influences were tho
advance OF per cent In the Bank OF England dis.
count rate, the continued gold exports, and an
apparently concerted movement ON tho part u
the longs unload their wheat and take their pro.
fits. The sharp break after tho noon hour was
dlicult 10 account for other than that the speeus
lative offerings were very heavy and the market
WAS raided by heavy short sellers. New YORK
sold freely most Of the day aud the Northwest
also came in as n heavy seller. The weather In
England Was reported fne and adyices say tho
prospects OF the crop are more favorable. July
started at s1.04a$ .04IS against sf.0gA az tho
closing figure yesterday sold on 10 el029A
rallied 10 sl.035i, then late In the session
plunged down TO Sl.00A, but recovered
16c. before the close. Corn started OUT
strong, In sympathy with wheat bus II wss
| given qttietus very shortly. There were enor-
nous sales against cash corn 10 arrive. Tho
! market had little support for some time because
OF the demand for cash corn 10 nh the hfet half
| Of May-dolivery contracts, but n finaiiy broke
| with wheat. Jaly opened at S0l4 a6O1xc, agaitisu
5Dhc. at tho close yesterday, touched 6O3lc.s
! broke 70 5S1c., rallied 70 503kc, dropped to
5S9sc., and closed at 5S1ec. Oats were relatively
stronger than other grains. There was less SELL
| Ing and the market had some help from re-
ports Of lice I'm the fields q South Illinois July
| shows a loss Of olly 10. compared with yester-
day. Provisions started out fairly strong, IN
sympathy with the grains, bat soon developed
an Enthusiastically weak tone and broke With
wheat and corn. The packers sold very freely.
The leading futures ranged as follows