The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-10

more, 30 iOlt0 IN DuAk, % co4gH N OOt-
ton seed oil firm and wanted; new crude soc;
crude of grades 27030c; new yellow 300
SIC. Wool quiet and steady; domestic fleece
S00s7c: pulled 261SSc: Texas 17@s4c Provis
OLE IS; extra prime 81 Ocd1l 30. Beef quiet
and easy; family s19 90; extra mess
81 O0@9 50. Beef hams dull. weak at Sl4Oo.
Tierced beef quiet; city extra. India mess,
Slg 5OAs1 90 Out meats firm; shoulders On
6l4c: picked hams 10I401lc. middles are
steady; short clear. September delivery g. 50.
Lard quiet and steady; western steam
81 25 bid; city s. rs; options-4ctober de
livery S. 81 asked; November delivery s;
December delivery -; January delivery g. 81.
Peanuts steady; fine fancy hanI PICKED &c;
farmers 21S121sc. Freights 70 Liverpool quiet
and unchangedcotton. per steam, l-54 31cd.
grain. Id
CHICAGO, Sept 9-Wheat and corn broke bad
ly to day and closed with a loss OF d5L3as cents
respectively on leading futures compared with
yesterdays Close. Around the opening wheat
sold at ic decline. Heavy receipts agEregating
about / 500 200 bushels for the past three days
against one-third of that amount for tbs cor
responding period last year, mode ate
exports and weaker cables were
the causes of the decline. The price
for December at the close of yesterdays SEES
sion was 9SSAl0esA cents, and at the opening
this morning there we're sellers at from 9S to
9711 cents, but no general demand above the
lower of these quotations, ana before the SEES
sion was an hour old it was down to 91ls cents.
The sentiment of the trade was be3rsh and
outside orders we're light. An afternoon pa
per says: ''The surroundings OF the trade
have been gradually undergoing change in
the last two weeks. The enormous receipts
have at last overtaken and surpassed
the capacity OF the ocean fleet to
move the surplus with sufficient rapility to
prevent some accumulation, and this before the
weight Of the heavy spring wheat crop has had
time to make itself felt The wheat bought by
French importers is reaching them faster than
it is necessary for the Immediate wants Of con
sumers, and the English grain trade is taking
Qdvantacr Of fhaf and is lOl line ri Will,
the evident expectation that this feature of bust
ness will become still more aggravated" Prices
exceeding the quotation last given showed
some symptom of improving under demand
from yesterdays buyers of puts, but upon
the receipt of Bradstreet's visible supply state
ment, showing, in addition to an increase of !, q
10000 bushels east OF the ROCKIES that the
stock on the Pacific coast, exclusive
of Washington, had increased 1882 900
bushels; further break occurred, the
price for December getting down to
9624c Then came dispatch from New York
saying that cablegram received there from
Antwerp reported the latter marke. practically
in a state of panic. and some longs here i'm
mediately throw over enough of their holdings
to cause a further break to 9534c. Trading was
slow and without much animation until after the
price had worked below 97Isc. After that there
was heavy trading on each successive break.
The last half hour one of sacricial
offerings by the longs, and hurried calling of
margins by the bears, under which the quantity
of these offerings kept increasing and prevented
any reaction from lowest figures and the mar
ket closed weak at 9j3Ac. Corn was traded in
only to fair amount during the most of the
session. II started weak and lower, but, after
declining another fraction, grew temporarily
strong and recovered the loss. This was fol
| lowed by decided weakness and heavy break
The subsequent reaction was attributed 10 pur-
chases by the CLIQUE which is supposed
! to be manipulating September and October. In
| the light of subsequent developments the
| trade came to the conclusion that the syndicate
| had decided TO give up the deal, and that its
| buying was for the purpose OF making hard
| spot to sell on. In the last hour offerings be
| came free and bears, believing that liquidation
by the syndicate had begun, added their offer
ings. and the price went of with rush. The
local trade is aggressivey hostile TO
| the operations of the clique, and its
| attitude at the close seemed TO
| Indicate O probability of further bear
| raid tomorrow unless the situation is mate
| rally changed. October opened at $50 Gt5S1kc,
sold as low as 575sc and from that up to SIC
| before the big break of the day occurred. It
| declined in stages to 5b16c and closed easy at
| that figure There was little of interest in the
| oats market, which took its action from wheat,
and declined %036c. The provision market
| was firm in contrast with surrounding markets
and lower prices for hogs. Fluctuations were
confined to a narrow range, and closing prices
| were practically the same as yesterday.
CHICAGO. Sept. Cash quotations were as
| follows: Flour active but weak; spring patents
ga 500 IS; winter patents 81 7DD4 IS; bakers,
2 spring. 9lOalAc; No. , red, 9l09lAc.
Corn-No. 2, 621sc ats-No. 2S4c. Rye
| No. 2, s.. Mess pork, per palTel, SO IS
| @1O so. Lard, per 100 Ms, S6 90. Short
ribs sides, loose, e. 1907 12h. Dry sAlted
SHOULDERS. 6osed g q 35s5 ~ Short clear
Leading futures ranged as follows
Opening, Highest. Closing.