The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-09


SIS 5O0si 90 Cut meats Arm; shoulders 60
614e; picked hams 10ts61lic. Mlddles are
lower; short clear, September delivery 81 50.
Lard lower and less active: western steam
livery g. 256D7 20; November delivery s.;
December delivery -;sJanuary delivery 81 55s
FreiRhts to Liverpool quiet, but less steady;
cotton. per steam. 1-b45gS16d; grain. ID.
CHIcAGo Sept. S.--The enormous receipts
which had accumulated since SATURDAY were the
principal reason for the drop OF 115Gla4c in the
price OF wheat at the opening OF elsluess this
morning They amounted TO 1,Si9 carloads
here. S55 at Minneapolis and 965 at Duluth. The
most palpable effect of the heavy run or wheat
of late is that the cash article. which
about three weeks ago commanded
a premium over December delivery, to-day
sold at discount OF DC per
bushel. The opening range for December was
99@99l4c, against 81 00SS3l 0o34 a. the close
Saturday. There was heavy busineS' done in
the pit for the first half hour. by which time
prices had declined to 9SS4c for December but
although that was the point at which buyers
had the protection OF puts II did not bring in
enough of that business to lift the price more
than 14c up to about IL o'clock, and in fact
it dipped on one of the counter reactions TO
9S14c and remained for some time lheless and
heavy at and around that price. The most en-
couraging point to holders was in the movement
of wheat from the seaboard, which was over
100000 bushels. Cash demand improved also
aud allowed of some good business between
here and the seabOard; and the increase in the
visible supply was only ABOUT nan hs I0uCN as
was looked for. These bits OF news caused a
stay in the downward course and
reaction to 9S7kc. the market
closing at 9s3Sc or &c lower than
Saturday. The corn market was nervous at tire
opening of the session. 1t was pulled in
downward direction by receipts since saturday
amounting TO Sl7 carloads. It was drawn up
ward by cool weather throughout the coru belt
and reports of the condition Of Tie crops #
Wisconsin ant Iowa. The former was said 10
promise not over half a crop. and third of the
crop of the latter it was reported, woud require
thirty Gays more of good warm weather 70 ma
ture 1t, and the average condition had declined
from 30 to 81 The opening was over wider
range OF prices. There were free sellers of
September at 6S cents, bnt no buyers at over
6'4@J71ec. October was offered from b9c
down to 5Sl6c. There was q quick reaction to
59lSc, when it was seen how readily the first
offerings were absorbed. The pit was papablY
in fear of the dealings of the clique, and ilnme-
diately after the first brush of activity over
scalpers took their cue from what they
could discover of the movements of
mampulators. The market had many
recurrent fits of alternate strength
and weakness, selling as high 50 5-Sc and
down to SIC, but in the end it restedat 5s94c or
only 1sc decl ne since Saturday. Oats were dull
and fluctuations were narrow. There were 99S
cars In the receipts since Saturday Provisions
started off strong and for time it looked like
boom. October pork sold from ST. l2t51
IL 2i14 IN very few minutes. Then longs az
tempted to reaiize but found few buyers: the
selling pressure rapidly increased, when
the market weakened and soon
went all to pieces. October declined
to $1,000. There was a rally to $40 80, but the
pressure was renewed and the market again
broke, going this time to SO IS, and the close
was only 2I6 cents higher, Packers were free
sellers on every bulge, but when the break came
tried to stop It, When lit started down, how
ever, it met a vast number of stop loss orders
aud the execution of these denoralized il. Pork
closed with loss compared with Saturdays
ribs lost 27]6c.
CHICAGO. Sept. s.-Cash quotations were as
follows: Flour dull, 50lOc lower. Wheat-No.
spring 9334Q9ii4c; N0.s2,r red 9346944c.
No. 2, s.. Mess pork, per barrel, $40 5j
@1O CO. Lard, per 100 lbs. So 80. Short
ribs sides, loose, 81 O56D7 TO- Dry sailed
shoulders, boxed, IS 7536s s71b Short clear
Sides boxed. 81 950a500. whisky at 81 Is
Leading futures ranged as Follows:
0nenipp Efighest CloSiuz