The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-16

price worked back to about the opening
point, and closed about at that figure.
Ialns since yesterday are: Pork 171%m25c
Lard 5@715c, and ribs &c.
or. A.-wHEAT BOOMING AT CHICAGO.
CHICAGO, ILL, Aug. 15.-Wheat. indeed,
Is booming, as we'll as the crops of this
country. with prospective shortage in all
Europe. December, which reached 81 O8
on the regular board to-day, sold this after
noon on the curb at 81 10. Later on
calls we're quoted at 81 Il, and scld
as high "a 81 is. OF course, these
are not market figures, but they serve to
show the frame of mind the traders are in
after this exciting week. 1t was thought
by the brokers on the board of trade that
Friday was busy day, but before to-days
session was over the preceding one had sunk
into insignifcance.
1t was one Of the widest days ever known
on the floor. December touched 81 0S,
greatly to the CONSERVATION of the bears.
THE "sHoRT" ELEMENT DUMBFOUNDED.
They were partially prepared for the
great boom yesterday, but when the bulls
took hold this morning and sent prices up
with a frightful rush, the short"
element was simply dumbfounded. The
bears had said last night that "Sl must bs
the climax; now let us jump in in the
morning and smash things" They did
make any number of vigorous attempts to
do this. but the final result was not very
encouraging to them. With all sorts of
good arguments TO advance, the bulls were
not to be routed.
'oLD HUTCH's" CORNER RECALLED.
Such.jumps in figures as were witnessed
to-day had not been seen since Hutchin-
sons famous September corner in 1888. 1t
was only for short time that the prices
maintained themselves at 81 0S. The bears
soon rallied, and, with mighty onslaught,
bore down the price 40 81 0513. They could
not hold it there, however, and when the
session closed at 12 o'clock the figures stood
at 81 0616.
BALTIMORE IN SYMPATHY WITH THE WEST
BALTIMORE, Nd, Aug. 15.-The offer
ings Of southern wheat to>day were much
more liberal and considerably above the re-
celpts the same day last year. The market
is in full sympathy with the western mar
kets, and ruled strong all the way from the
start TO the finish, 3 cents to cents
better. The trading was accompanied with
no little excitement, prices ranging from
50 cents to 81 10. The sales were to ship
pers of bag and steamboat lots and cargoes
to grade steamer No. 2 red, 81 05, or No.
red, 81 09. Fairly dry, 81 O5@1 06; 81 03
for smutty and damp; rejected at 81 O0@
O2; several lots and cargoes damaged at
80, So, 80, 9S, 81 and 9S cents.
WESTERN WHEAT IN WILD EXCITEMENT.
The market for western wheat was in a
state of wild excitement, 80 great that it
was at times difficult to tell what the prices
really were. The market was compared to
a runaway team, beyond reason, control or
guess. This restricted business, as cool
heads preferred to stop and wait a while
The cables were firm, but buyers held off
and sent selling orders.
Seaboard was simply wild, the foreigners
being big sellers and the commission houses
and the crowd got wheat The settling
price was $1.12 against 81 06 yesterday.
THE GRAIN MARKET IN BERLIN.
BERLIN. Aug. 15.-The grain market
here to-day was very much excited. Rye
for August delivery, which closed yesterday
at 249 marks, is now quoted at 26O marks
September and October delivery
advanced from 232 marks, the
closing price of yesterday, to
246 marks so pfennigs. After many
fluctuations the market closed strong with
August rye at 259 marks and Septemb Der
and October 243 marks so pfennigs.
August wheat closed at 242 marks and Sep
tember and October at 235 marks.