Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-07-03
MARKETS BY TELEGRAPH.
NEW YORK.

NEW YORK. July 2.-Cotton quiet; sales
to-day, 81 bales; last evening. ~ bales uplands,
Sls, Orleans y l3-16c.; net receipts NJ all
ports, 2,03o bales; exports.-to Great britain,
IlSJ bales to the Continent, 62 bales !;
stock 2S6. 1882 bales. Southern Hour strong
or, lar demand. Wheat higher and moder-
ately tive; No. 2 red, sl.O0 IN store ana
elevator: options-after slight changes carly the
market struck higher course and run up fully
24,a3c, closing strong az about the best prices
on frightened shorts over the holidays ana
stronger cables. The English failure did not AZ
feet wheat: No. 2 red, July, s1.O3; August,
sl.OOIk: September 99Ac Corn higher and
dull: No. - 6Sa6Jc. In elevator; options adj
vanced 12a3kc. closed trm ON shorts covering
and reports that the English house that failed
WAS ON the short side July 65Ssc August, O2ssc.;
Septem Der, BOg4c. Oats higher and active; firm;
options more active and nrmer; July, 4OSac.
September. 3f1c.; No. white, july, AVA
4ic spot No. 2, 40a42c COreo-Options opened
irregular and 1Oa25 points down and closed
steady for July others barely steady; 5a3J
down: July, sl6.50asl6.55; August, sl5.35s
sI5.75: September. Sl4.SOasl4.yJ; spot Rio
duh and weak fair cargoes. ls1ec.; No. Z,
171c. sugar-Raw dun and nominal renned
stendy NoIasses-New Orleans quiet and dun.
Rice duiet and steady. Petroleum quiet and
lower: refined New York, 0.SOa7.0Jc. Cotton
seed oil quiet and unsettled; crude, on grade,
25e1g,. Rosin easy and quiet; strained, COM
mon 10 good, 81 .4Oasl.45. Turpentine duh and
weak at 37I6a3Sc. POrk quiet and steady. Pea
nuts steady; fancy hand-picked, 4lsat]4c farm
ers 2Ha34ac. Beet unsettled: fGmily, tl3aSli;
extra mess, s10asi0.5O. Beef hams quiet and
arm. TIerced-beef firmer at s20as22. Cut-meats
stronger; picked hams lOEallc Middles
strong: short-clear. s6.35. Lard higher and
strong: western steam, 5000 city, $3.50; July,
sd.5l bid; August. s6.1l bid september SUI
Frelghts steady; fair demand cotton, 3-32d- !;
grain, I'd.
CHICAGO.
Cash quotations Flour unchanged. No. 2
sprine wheat, e3lsa96lac. No. g red, 951sa961<c.
No. corn. 0JIac. No. 2 oats, 345sa35c- Mess
pork, SIO.2J. Lard, s0.2211. short-ribs $1,000
Solo Dry-salted shoulders, c5.lJas5.l5. ,
short-clear al. 4OaS6.45. Whiskey, S1.16.
Wheat opened nervous and higher. The
buoyancy developed at the close yesterday and
disauietng rumors as 10 importing manipula-
ton, together with the higher public caoies gave
The market a strong send-of, and during the
early trading July sold "a high as as ssc. and
Decetnber az coke, or from ~ TO sc. above
the highest figures mace yesterday. The
shorts were on the run and frantic IN their
Efforts to cover. The big bears responded
nromp,ly 10 all calls for margins and
Kept right on selling. After n time
bear news began 10 come In. The
announcement was made OF the failure OF Alex
ander 4 Co., Of London, large cargo-dealers. who
were said 90 have gone down owing to their
heavy losses in long wheat. All this created q
marxod depression AMI the confidence OF the
bulls quickly evsporated. The shorts had cover
I'D pretty generally, the longs who had taken on
wheat ON the late depression began to unload,
me weakness soon developed into regular
slnmp, and July went OF to 9Iskc.,
while December broke 70 sgi5c. Later
Liverpool cables reported higher prices
there ana continental cables were sensational
Berlin showing an advance Of lac. IN July and
ai@c. in September and October, and Paris 25a3O
Confines up. The little shorts waded ashore re-
eardiess OF tho depth Of the water, and then II
tracts and that Cudshy b Roam also succeeded
In getting their deals about evsned up. II Coz.
some money, however. a. In tho process July WA
put up 10 045sc. and December 10 02c. There
was a reaction near the close, which was at 9:3l4a
s3lSc. FOR July and 01tAc. for December Com
was excited and higher at the start The shorts
showed q good deal Of nervousness, especially In
July, and wsro anxious buyers, while there was
little for sale. In the early scramble July cold
as high as 51lSc., and not much e BE- had even
At that. There did not appear TO be any Leaders
IN the bun movement, bus everybody seemed 70
be short more q isss, and frantic y cover while