The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-02

pulled 250SSc: Texas 17Ga4c Provisions
Pork dull, unchanged; prime 81 5O9ls 90;
old mess. $40 lo01o IS; new mess sll 80
steady; family S1S 0O0l4 90; extra mess
50 5ONiO on. Beef hams dull at 5000
10 co. Tierced beef quiet. steady; city extra.
are firm but quiet: picked bellies a. s@s}4c;
pickeled shoulders 6I4&6l4c: pickled hams
1l0llI6c. Middles quiet aud frm; snort clears,
September delivery So 37l< Lard ssronger quiet;
September delivery So 90; OCTOBER delivery
8; November delivery 5; December dsttv-
cry $; January delivery 81 80; refined dull;
continent g; South America 3. Peanuts
quiet; fancy handplcked. 4D4lsc; farmers,
2l60316c. Freights TO Liverpool nrmer and
in good demand; cotton. per steam l6'o;
grain. 31od bid.
the wheat pit changeddur the night lester-
day it was bullish and an advance OF over
cents was scored; to-day 1t was oearlsh and at
the bottom price of the session was 80 cen
under yesterdays last price, though the close
showed q recovery of cent. Inc wheat
bought yesterday for December &C around 81 "a
was all that was for sale, and at considerable
reduction as soon as business started this morn
ing. Buyers were as hard TO lind at the start
as sellers were esterday morning until the
asking price had gotten down to about 81 O216.
There were a few sales at 81 Oh and some at
81 O21b but the great bulk OF the first trades were
made at around 81 023s and 81 OS1S with the
weight Of the offerings so great as TO prevent
any recovery to speak OF from tnoSe prices
The trade had become thoroughly demoralized
in the multiplicity and variation IN the esti-
mates made of the shortage of the word grain
crops and appeared resolved to SUCK for the
present to a reasonable certainty that what,
with the crops in Europe, whatever may be
their bulk compared with the other years, and
what, with the immense surplusage from the
crop of this country, there was no danger OF any
present demand being unsatisfied Tor the lack
of grain, whatever deficiencies might unfOrtu-
nately be discovered. six months hence Toe
estimates this morning. based on the percent
age figures of the Vienna congress- were much
less bullish than those made yesterday, as they
put the worlds sho tage in wheat at only 50,
900, 900 bushels There were not lacking those,
however, who were unable to sea how these fig
ures were arrived at. The ComDteTcidl s article
states the case thus. THE Vienna congress re
port. by one method of compilation would seem
TO be bearish this is more apparent in the case
OF Russia, where the percentage SHOWS better
crop Of wheat tnan in 1889, whea
she is reported to have exported
$1,000. 900 bushels of wheat. Yet, BY another
system of calculation it shows deficiency in
Europe of 25S, 600 600 bushels Of wheat from last
year and 400 90, 900 bushels of rye, or in all
148, 600, 600 bushels deficiency in Europe, II
add $50. 000, 900 bushels excess in the United
| States aud Canada this year over last, there
bushels of wheat and rye. The trade,
| however, inclined strongly to the
bear side and its selling pre-
vailed, especially as early cables, though
more or less contradictory, rather indicated a
| bearish feeling abroad. A heavy business was
| done The price tended strongly downward
and not until after December had sold as low
as 81 0115 was there any rebound from several
| dumps it had made on temporary resting
| places in its downward course On the gen ral
principle that after so quick drop a
reaction was likely, and influenced to
| some extent also by the comparatively light
| estimated receipts for tomorrow, there was
| some good buying, partly for foreign account.
| about midway in the session, which caused a
Ian t1rf rot Tha orh Of 49,,
| second Liverpool cable showing decline of
| from q to penny, coming to hand about the
| time OF the elimination OF the temporary ad-
vance referred to, gave more encouragement to
| sellers and they quickly forced down the price
to III OO19. There. was. the usual active
| squirt during the last ten minutes
Of the session, the price being in
and prices recovered to and closed
at SlOll3 Corn opened weak, with holders
| trying to get SEC for October, but no buyers
| could be found at above 5r34c, and not very
| maay at that price. The tendency continued
downward for about al hour IN sympathy with
the weakness in wheat, but after October had
declined to 5616c the market began to take an
adVance to q 5s9o ppes Sa' was r'p Ihs
| latest characteri AicAlkg Of the tradtaL
| and reaction in a downward direction WIS
quickly recovered from Tae closing quota
| ton wes S914c. The advance was very evidently
| the result of manipulation. New York wired
| that syndicate had been formed there TO
| boom oats. The bears h1d only the wehkness
of wheat TO console themselves with, tbptthat
was sufficient to make the market weak
until near the close, when it worked steady
| Fluctuations were confined to q range OF
| &c. The provision rlsrket was easy On 1.-THE
| opening. but quickly GrIned Up on buying or
| ders and renamed rather strong during tie rest
| Of the session. Pork shows an advance of 20c
over yesterdays closing prices, lard is 51116c
and ribs 1001216c higher ri u am Y
OHIoAaos Sept. Clash quotations vera as
follows: Flour steady, unchanged; winter patents
| q 1904 so; bakers 81 1904 20; straig ats
- b505 10. Wheat-No. spring, 99c;
No. 8 spring wheat 81 0311 03IS; No. ,. red,
| 2SIsc; No. white s0031c No. white;
29030c. Rye-No. 2, 81 %. Mess pork, per
| barrel $40 IS. Lard, per 100 bs. SO 67lbN
TO- Short ribs Sides loose, So $500 90. Dry
solted shoulders, boxed, s. 20D6 25 Short
clear sides, boxed, 81 SO07 50. Whisky at
81 Is.
Leading futures ranged rs follows: