The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-26
THE MORNING NEWS: WEDNESDAY, AUGUST 26, 1891

old mess $40 1O01o Is; new mess eli so
OLE 90; extra prime $40 25IlO %. Beef dull
steady; family SlS 0O014 20; extra mess
ST. %. Tieroed beef quiet. stesdy; city extra.
India mess, S19 50Gs1 90. Cut meats
quiet. firm; picked bellies 740Sc; pickeled
shoulders 61o14e; picsieo r, n casrs HSliSec'
Der delivery 81 IS Lard weaker and
duh: western steam 50 s2IS; city Sc 250s 30;
options-August delivery s.; September de-
vember delivery Sc 81; December delivery S;
January delivery S, bid: refined dull; CONT
nent g; South America s.. Peanuts
steady; fancy handpicked. 41s9AAc; farmers,
2A03S4c. Freights to Liverpool trmer and ac
tive; cotton. per steam. 500 so; grain. 3D..
CHICAGO, Aug, 25.-Trade Was treated to
surprise on Change to-day. Inc indications
at the start to-day We're for continuation Of
the weakness and decline of MONDAY but in
less than an hour after the opening the indica-
tons had ali been lost sightlof aud the markets,
which we're soft early, became wicked and
strong before the close. December wheat one
time was down to 81 03S4, sold UP to 81 o. and
closed at 81 0634 The rise was due to sensa-
tonal news from Russia and heavy clearances.
Corn was whip-sawed by a chque' and short
sellers. who took advantage OF the enormous
receipts to sell freely. were forced to cover in
way which sent prices up or5 cents at jump.
September sold off 6016c, went to CSC.
and osed e41Sc and October sold
at 56sea6o1lc and closed at 6Oc.
Other markets were quiet ana fairly steady.
Wheat seemed inclined to weakness to-day and
was controlled mainly by local sentiment. Big
receipts at primary markets in this country,
present and prospect We, and the weakness dis
played In domestic markets ana advices from
the northwest that the frost damage has been
very light, made professionals bearsh and
there was liberal selling under which Deem
Der wheat, after selling up TO 81 O43s early
broke to 81 0394. Then the real strength OF
the legitimate situation began TO attract
attention and there was rally OF cent. with
sales back to 81 0414 then broke to 81 034
back to 81 044 and 81 o.. The strength in
wheat at the close was remarkaoe, the highest
price of the day being made ten minutes before
the close with a heavy, excited trade. Prices
shot up nearly cents in q te Y minutes, when
December rose to 81 06 and closed at 81 0534, or
! cent over last night. The cause of the
furry was the statement of a Russian
paper that the wheat exports from tins
country would have to pay big duty. Corn
led all the other pits in speculative nervousness,
ana the rapidity and sharpness OF fluctuations
made the trade crazy. Big receipts-1, i'll cars
started the market decidedly lower this morn
ing and first sales of September were at 60i50
Gle, and October at 56I4 0D57z4c, and for time
there was plenty for sale at those prices, but
everything was rapidly absorbed, and when sell
ing came to a halt prices quickly started up.
Then early short sellers took alarm and began
to buy back what they had so freely Sold but
il was hardly to be had, and the scarcity made
the shorts frantic TO get it, and the price was
quickly bid up to 6411c, with an occasional
transaction at Csc. AT This points the longs be-
gan to let go some OF their elrly purchases,
and there was aquick but irregular drop to 6216c
for September and 5755c for October There is
evident manipulation by the clique. Their
| brokers seem to BUY freely on all depressions,
but when short sellers get on the run they will
| only sell at higher prices. In this way short
| sellers we're MIXED without remorse About
| noon there was another nervous rally, aud Sep
| tember went to and closed at 641fc and October
at 60c. Oats were quiet and generally easy.
September opened at 303sc, sold to Boise.
| and Off to 2934c, and closed
| at 305sc. May sold at 333S03416C
| and 3414c. Rye sold at 92lS93c for September.
| Receipts were 245 cars. Pork was quiet and
fairly steady, with free sellers of both pork and
| lard. October pork sold at $40 05@10 Is, and at
| ~ O'Clock was about $40 49, September pork
sold at 50 90010 0215 Lard was quiet at about
So 60 for October, aud ribs So 60G6 6219 for the
same option.
CHICAGO. Aug. 25.-Casn quotations vera as
follows: Flour unchanged; winter patents
81 1904 so; bakers 81 1901 IS; straignts
| 81 65D5 10. Wheat-No. 2 spring, 81 04sA
No. 8 spring wheat 81 O3D1 051h: No. 2. red
| 81 0416GDi 049k. Corn-No. 2, 65c Oats-No. 9
3Os4c; No. . white S34135c; No. 8 white
| 90@.3OAc. Rye-No. 9. 81 04. Mess pork, per
barrel, $40 17Is01O 20. Lard, per 100 fbs So AN
Short ribs sides, loose, So 57l5d6 60 Dry
sailed shoulders, boxed, 50 zoos q gshort
clear sides. boxed, o. 25D7 50. Whisky al
81 is. *w8