The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-18

deluge OF long wheat, under which the price
again settled 10 u 0sS4. which latter point IL
had reached at II o'clock. July. from 81 O534G
OS at the start. declined to q O67k advanced
again to 81 ora. declined once more TO 81 OiJk
sold up TO 81 0731 at the same time that Nav
at 81 O934. and once again worked back to
~ O6Js. In the meantime there we're reports of
impending financial troubles in Paris the de-
NAL Of yesterdays report that the French gov
eminent would repeal the duties on wheat and
fine weather. as the bearlSh Influences. The
bulls were fortified with Minneapolis message
saying l'illsbury had advanced the prices OF
patent -four acc per barrel, and with a copy Of
the London Standards article of April g. in
which 10 rehashed its former sensati onal talk Of
damage 10 European crops and great deficiency
in the worlds yield for 1891. The latter, while
but slightly different from the story published
by the same sheet several weeks ago was sun
cient to fire the ardor of every bull trader on
the floor, and was the of one OF the strong
est bulges. Between 1890 and / o'clock the
official closing cables were received. AS they
reflected the early rise here they had a senSa-
tional effect. This effect was further heightened
by dispatch from San Francisco. saying that
wheat had advanced 10c there since yesterday.
This lifted May 10 81 II and July to 81 1875 and
trading was within Nc of those figures when
the gong tapped for the close. The feature Of
the corn market was its nervous strength early
ana evident desire of holders TO accept profits
on the bulge. The Liverpool market being
quoted excitedly higher, and the fever in the
wheat deal, were the stimulating factors early
in the session. May opened and sold at 1850,
clined later TO 52lSc, with a rumored sale or two
at Sc, an advance to 7Sc. sold of again to 72}Ec
then up with a rush again TO 74I4c, and of
again u 129sc at the close. Toe execution of
orders was as difficult as on the previous day.
owing TO the suddenness and violence of the
fluctuations. Cash corn was still worth pre-
MUM over May, but this was not so great as on
the day before. In oats the market was very
excited at the opening, MAY starting at 56Slc
aud selling to 57}sc inside of a minute Prices
advanced to o7sac, the highest figure that has
been made on the crop, and then weakened to
ooIsc. The market recovered to 51IAc at the
close, indicating gain OF &c as compared with
yesterdays figures. The provision pit built up
n wall between itself and its excited neighbors
IN the cereal crowd. The packers were evidently
OF the opinion that IL was good q ne to get rid
OF some OF the immense stocks which they
were carrying and sold freely, with the result
OF a downward tendency in prices Though
the opening prices were higher than the close
yesterday, the last prices show n decline of 90
O5c in pork. May lard lost enc, while July
gained 2l5c, Rios show an advance Of 51l716c
CHICAGO, April l7.-Cash quotations were as
follows: Flour firm and unchanged; spring
patents 81 60O490; winter patents 81 50n5 90;
bakers IS 3043 So. Wheat-No @ spring
81 l0H0l 1094; No. 2, red, 81 l0DSi lOa4
Corn, No. 2, 7SlsD75c. Oats. No 2, 56n57c.
Mess pork, per barrel, 5l2 SO. Lard at S6 $40;
Short rib sides, loose, 81 37LsdO6 90. Dry
sailed shoulders boxed. SIS 1905 IS Short
clear sides. boxed, 81 6O06 O.. Whisky at
81 Is.