The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-16

raw, active and steady; ian refining
4-lec; refined fairly active and firm;
No. 8. 35sc No 8, $3.50 on A, 4G14ISc:
mould A. 16c; standard A, 4 7-loc; confec-
sIoners' 49sc; cut loaf SIC; crushed,
1916: cubes. 7-;6c. Molssses-Foreignn MONT
nal; 500 test, ilSxD12c in hhds: New Orleans
firm and active; common to fancy 2S1b32c-
Parkers' IS 80; crude in bulk, 50 30; refined New
York. s. 1906 80; Philadelphia aud Balti-
more, 81 l5G6 20; in bulk, Is sos So
crude on grades 97NSoc; new yellow 500
SIC. Wool quiet and steady; domestic fleece
S09S6c; pulled 25G9SSc; Texas HG2ac Pro
visions-Pork quiet and easy; new mess
S12 0O@19 so; extra prime 81 oc0ll 90.
Beef quiet and steady; family si2 90; extra mess
80 0019 50. Beef hams firm at Sl4 so.
Tierced beef easy; city extra. India mess.
6Ifc: picked bellies 96t914c; hams l0l50llc.
Middles strong; short clear, September delivery
IS 90 Lard steady and duh; western steam
81 asv city So Se,o So S ae9osy
November delivery $; December delivery s;
January delivery g. 81 Peanuts quiet;
fine fancy hand picked &c; Farmers eco
31Sc FreiRhts to Liverpool steady and N mod
crate demand; cotton. per steam. l-64WS-ltd;
grain. 4d
There was surprise in store for traders in
wheat this morning. On the curo before the
opening the market was weak, and a reaction
from the advance Of yesterday was looked for
Trade was inclined to discredit the reports of
crisis on the Bosphorus, notwithstanding tho
circumstantial accounts published OF the land
ing of British blue' jackets on the
island of Mtylene. The opinion
was strengthened by the fact that
English consos were point higher this
morning, and that the Liverpool market, while
firm. did not give any indication OF a tendency
toward war prices Then denial that the
Hold your wheat" circular was an official
utteraDce of the farmers alliance was
DeariSh factor The opening Dripa
reflected these conditions, being at 97J6
09734c against 8Ac at the close yesterday.
There was quite trade done at the slight re
duction named, there appearing TO have been a
great number of selling orders. At that limit,
based presumably on the expectation that the
firmness of English securities would counterfeit
the war scare. Then came surprise The
circumstances connected with the Mitylene
incident we're given with so much detail in the
news paragraphs that it took very little in ad-
ditlon to renew the war alarm and conse-
quently the early circulation of further dis
patches tending TO confirm the rumors caused
an immediate withdrawal of selling orders, and
within ten minutes of the opening the price
was up to 81. Many of the commits
sion men had selling orders to buy
and shorts at once took it as their cue to
cover. A rise to CSC brought out good deal of
wheat but from the latter price and up to 99]6c
1t was impossible fsr brokers TO NIL more than
one or two buping orders During the following
ten minutes there was a quick reaction TO @Slbc
which was succeeded by long duh spell, dur
lux WHICH luS price ulu uOb BO HlBueT L000
9914c nor lower than 9S34c The cause of the
sudden reversal of feeling tine
circulation of a cabegram denying
that there was any truth in the warlike
rumors In addition 30 this foreign houses
turned sellers and sales were very heavy. Late
news tended to weakness near the close and
there was a quick break from 99c to S7i4c The
weakness continued, bet the close was steady
at 9S4Ac. Clearances of over l000,0O0 bushels
from the seaboard probably prevented more
severe break, Corn opened 11Bc lower than
yesterdays close at .t5c, though September
and distant futures were practically unchanged
Early weakness in ruling option was
tributed to fine. warm maturing weather all ever
the corn belt rapidly diminishing the chances
of frost doing any damage, but the excited
feeling in wheat and some liberal buying by
parties, supposed to be acting for the clique,
started shorts to covering on a liberal scale
and there was sharp advanc TO S6l5c for Oc-
tober, other futures responding feebly. When
the strength went out of wheat earlier inhu-
ences including the feet that receipts were
largely in excess of the estimates, caro- into
play and prices receded, dropping
during the last hour TO sac, which was the
closing price. Oats followed corn, but fuctua-
tions were confined to range Of &c The
provision market was rather tame and inclined
TO weakness on its own account, but was con-
trolled in some measure by fluctuations in corn
There was no feature, with the exception of
selling by packers on the advance which fol
lowed the early bulge in the wheat and corn
market. Closing prices do not differ materially
from those of yesterday.
CHICAGO. Sept 15.--Cash quotations. were as
follows: Flour unchanged; spring patents
% 9O05 Is; winter patents 81 70@475; bakers.
81 1904 26; straights 81 6505 10. Wheat-No.
spring, 94409i1<c; No red, 1850. Corn
No: 2. 62Ac Oats-No. 2 27Ac. Rye
No 2, $. Mess pork, per barrel, $40 IS
0e1O so. Lard, per 100 fs, 81 co. Short
ribs sides, loose g. 1907 20. Dry sailed
shoulders, boxed, So 521a08 IS. Short clear
sides. boxed. 81 65607 95. Whisky at 81 is.
Leading futures ranged as follows:
OneDinp HiphaSt Closing