The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-07

in hhds; New Orleans steady and quiet.
common to fs-cy 259S5c Petroleum steady
Philadelphia and baltimore, S SD Isl:
in bulk, 81 6OG4 s. Cotton seed oil strong;
crude prime 26@2sc: crude OF grades
S92sc; yellow of grade SsI9 G85c. Wool
pulled 281SSc: Texas 17024c. Hides duh
and easy; wet sailed, New Orleans selected.
IS to 5ODs, 7Gsc; Texas selected, 50 10
90 ms, 91Sc. Provisions-Pork quiet aud
firm; prime sil 5O52 90; old mess, Sll 750
II IS; new mess SIS 30 OLA .; extra
prime 81 750i2 S5. Beef qui { and firm; family
gu oO9i2 75:extrs mess 50 5o0lo 90. Beef
hams firm and quiet. Tierced beef firm
and duh; city extra, India mess. ST. 90
IS 90. Cut meats quiet and steady: pick led
bellies 5Ssc; pickeled shoulders iA4c: pickeled
short clears 81 90 Lard stronger and
quiet; western steam IS 30; city IS 25;
options-May delivery SO 90; June delivery s;
July delivery s. OF; August delivery $; re-
America g. IS. Butter quiet at ls025c
Cheese active; light kims 56slsc. Peanuts
strong; fancy nand picked, 4l4c; farmers, goo
S34c Freights to Liverpool steady aud
quiet cotton, per steam, 5-64d; grain lISd.
CHICAGO, May at was the turn
OF the bulls in wheat to have
an inning on the board of trade to-day,
and they improved it by putting the price up TO
28sc This was not accomplished without
opposition from the bears, however and
the upward course Of prices was marked by
number of sharp reactions. Believers in lower
prices are still confident in their position, and
are predicting a still further reduction in values
of 10 cents per bushel or about % cents from
the top figures of two weeks ago. The condl-
tons to-day are largely in favor Of a bull move
ment The first of Importance in this behalf was
the reduction OF the French tariff on wheat and
flour in an amount estimated TO be equivalent
to 1874 cents per bushel Foreigners were re-
ported to have bought wheat at the seaboard.
There was less pressure TO sell and at times
offerings were very light. that market re-
spending YEARLY to the demand. About the
olly news favorable to the bears was weaker
and lower foreign markets. On each break,
however. the bear crowd was freely buying.
and but few of them sold very heavily. On suhse-
quent rises July wheat started at 9SItc,
speedily sold to 99ISc, broke to gslSc,
9s4c, and on the next advance went to 81 00}S,
but weakened before the close to 81 co. A
much better feeling was manifested IN corn,
with less pressure to sell and more inclination
to buy, the result beng a much steadier unle
tone than for several days past. Receipts were
light, cables were rather better and prices in
New York were higher. July opened at coo
6Ol&c, and with one or two reactions
sold up to 61&c, closing 1sc
below that figure. Oats followed wheat and
corn, and the close showed an advance in a
ruling option of lc compared WITH yesterday
Provisions opened weak under free liquidation
by the longs Around 12c for July lot of stop
loss orders in pork came in. and their execution
depressed prices to S11 80 Thereafter. in sym
and July pork sold up to SIC 20. but closed 71sc
lower than that, though rise above yesterday
closing price. July lard closed 1870 higher and
July ribs l715c higher.
CHICAGO. May Clash quotations we're as
follows: Flour quiet and easy spring Iatents
s. 0005 80; winter patents IS 000 25;
bakers IS 3O83 35; straights 81 6505 10.
Wheat-No. 2 spring, 81 0lh; No. > red,
81 0l40l o.. Corn iow-Ho. 2, 97160G7A
Oats, No. 2, SIC. Mess pork, perbarrel, Sl2 90.
Lard, per 10Ob SO 6216G16 65. Short rib
sides, loose, IS 1506 20. Dry sailed shoulders
boxed, s. 2005 25 Short clear sides.
Lsaiing tuCIc5s ra1 sei as follows:
ODening Hiyha3t. Closing