The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-18


The radical advance has a bad look In itsf
DRIVING EXPORTERS OUT OF THE MARKET,
who for the day are remarkably indifferent.
IN TACT, they are attempting to resell their
wheat Selling orders in part came along
from the fact that Russia was
trying urgently for the markets
for its wheat, especially upon the con-
tinent, in order to be ahead Of the order
forbiddiDg expectations, which goes into
effect Aug. q. Later in the dey there were
increased offerings to sell by the foreigners,
who want to realize, and prices broke again
sharply. The close of the situation was
quite feverish, but at the lowest prices OF
the day, which are 1905 cents under the
official close of Saturday.
PAEDEMoNIUM AT LONDON.
LONDON, Aug. 17.-Reported cargoes for
prompt shipment are l shilling and pence
higher, Liverpool was up an equivalent Of {
cents per bushel, and Paris country mar kets
were up the equivalent of cents. When
the bell tapped for the opening of business
the pit at once became pandemonium, out
Of which came these figures for December
wheat inside of ten minutes: 10y14 ITO, Ill,
ITO, Ill. 111X, 112. Ill, 110T, l1l1S, 112
lib. Tbs was the top figure on the early
bulge. Then prices began to weaken, and
with feeble rallies sank away, and are now
quOtcQ dt5 lOtr2 selleTb, Jut lOWebE DT1C9 Ol
the day. September corn is now 66s4.
FAIR HARVEST AND GOOD PRICES.
The Mark Lane Erpress, in its weekly
review Of the British grain trade, says
"Absence Of supplies has generally I'M
proved the market. Farmers appear to be
confident of a fair harvest and good prices.
The average of prices Of wheat during the
week was Al shillings pence, or about q
shilling advance. English flour sold pence
dearer. Foreign wheat was greatly inf1u-
enced by prices on the continent, where q
heavy demand for American wheat will re-
strict shipments from England. Russian
and Indian crops will also be diverted to
the continent There are 1000, 900 quarters
afioat, half of which is destined for the
continent. Maize advanced l shilling and
6 pence and barley shilling. Oats show
no Improvement Beans were pence
higher. To-day's prices were steady.
Sellers were stiff In continental advices.
Eoglish wheat was scarce at AZ shilings.
The new crop is expected to open at IS
snillings. Foreign was l shilling dearer
mostly for forward months. Flour, pease,
beans, barley and oats advanced 6 pence.
Maize dvanced l shilling"
EXCITED AT BERLIN.
BERLIN, Aug. 1.-THE corn market wa.
in an excited condition. The opening quo
tations swere: August rye, 269 marks; Sep
tember and October, 253 marks. August
wheat was quoted at 254 marks and Sep
tember and October at 246 marks.
NO NECESSITY FOR A REDUCTION.
Owing to the excessive price of rye the
government has decided to use wheat IL
making bread for the army.
The ReichSdnzeiger tonight announces
that at the cabinet council held to-day al
ha mr. hnna al
that no necessity exists for a reduction OF
the duties on corn, but that on the contrary
it was more necessary than ever to adhere
to the policy announced by Chancellor yor
Caprivi in the lower house of the Prussiar
diet, June last.
Mixed rye and wheat flour was offered
for the first time on the produce exchange
to-day in large quantities. The mixture i:
much cheaper than pure rye -four.
DECLINE AT BERLIN.
The recent advance in cereals was lost to.
day on the news that the government would
purchase wheat meal for the army, and
since Saturday with American
grain dealers. A fevarish activity
prevails in the shipping of rye at all Rus.
sian ports. Eight thousand tons have left
st. Petersburg in eight days. 1t is reported
that further large shipments will be made
on orders from the German government.
The German Rschsbank has resolved to
lend money upon corn to two-thirds instead
of one-half of its value. in order to facilitate
the purchase by small dealers. Ths
RetchS-dnsetger says thai the
government is confident thai there Is
sufficient wheat to take the place Of rye,
and that reduction of the duties would
only enrich the foreign dealers without
affecting the price of bread. The
whole government press reflects these
views and declares that the high
prices are due to bourse speculation
and not to the scarcity, and that the Rus
sian nkase would have been issued sooner
than it was had Germany reduced the grain
duties. 1t is significant, however, that
Count Kanitz, leading protectionist, pleads
for temporary suspension OF dnties.
vIENNA's GRAIN MARKET FIRM.
VIENNA, Aug. 1.-THE grain market wal
firm to-day. Autumn rye advanced 81
kreutzsrs, and wheat advanced 70 kreut-
zers.
ADVANCE IN WHEAT AT BUDA-PESTH.
BUDA-PESTH, Aug. 17.-An active grair
market prevailed here to-day. Wheat ad-
vanced 60 kreutzers.
ACTIVE DEMAND IN PARIS.
PARIS, Aug. 17.-There was an active de-
mand in the grain market to-day, especially
for rye, which advanced 2 to s francs pei
100 kilogrammes. Wheat and -four ad
van ced franc.