Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-08-12

ramon. iarec expoet business, unfavorable
weather abroad. ana higher cables with q liberal
orcign-busing interest; NO. red' 1" noas.
s1.03: September, el.o"M; Ocsooc.; s.C% 49,,
Spot higher, arm. quiet, aud scarcei NO. y ssa
75c. In elevator; options advanced l.taSHc.,
closing firm on fear 81 September corner w
Chicago and unfavorable crop newsi nusI H.
cember, SIC. oats-spots higher and irrcsi,
lsr; moderately active: options stronger snu
quiet; August, 36c. September, 34}tc.; cc. Ga
Der, 35c.: No. 2, spot, 43a45c, HOPS qu,es e ,'
weak. Coiec-0ptions opened stesay s .,a. Az
changed to Is points up. closed bsrcy s s,sss
md down 20 10 up; August, ei6as srP's an
December, siS.55asi3.G0; spot no duli aia
easy; fair cargocs. 1875 sugarLha", Ia
msnd and held frner; fair refinins' 'a3 aNscj
centrifugal, 98-test, 3 7-10a3 7-l2c.; rennea
good and in fair demand. Mo'assss-rot s,
nominal: New Orleans quiet ana nrni' ny
quiet and Grm. Petroleum quiet 70 wa
crude IN barrels, Psrkor's. 5.s5c.; rehpco, NV
York, 6.10aG.75c. Cotton-seed OIL hrh anu
qlet. Resin steady and quiet. Turpcn,'nss
gniet and steady. Wool steady and quiet. TOT.
que, and steady. Peanuts steady; iansy ss cr,,,
picked, 4Isa4t4c.: farmers, 2ata 3Ac. best nr1s
and quiet. Becs.hams dun and steady. Tered
beef steady. Cut-meais quiet ana seaay. M.
dies duh and unchangei; short-clcar, scp'.m
Der. ~. Lard higher and quiet: western s ,
So. 77itasd.S1tS: city, t6.l5ae6.2o; opuonS-
AUGUST, $3.50 September. 1884 bid october,
1894 bid. freights steady and tar oein"ha'
cotton, 3-32d.; grain, 81.
CHICAGO.
CHICAGO, August 1.-THE cash quotations were
"a follows: Flour Arm AMI unchanged. No.
spring wheat, 9iisa9i3.c: No. 3 spring wheat
S,aSsc.; No. 'ei, S+s9f3ic. NO. s1,n'
6lc. No. oats, 2slsc.; No = white. 5lyta
slO.37ls. Lard. 500. Shoft-rihs; s 70; .;n
sG.1O Dfy-saltcd shoulder. sd,losso'So'
short-clears. s72Oas7.30. whiskey'si.iI.
Tho bulls took charge OF tho wheat marx. "
day ami kept the bears dancing most OF the
time. The potent news around the opening wac
bulllsh. The Government crop report WAS in-
terpreted a. rather bullish. but the Eaiopeau
situation was looked upon NJ 80 decidedly puIIisn
as 10 more than couaterbalance the home ccndb
tons. There were heavy buying orders from
New York and 81. Louis, ana a. the ouerinsn
were limited prices were sharply ADVANCED
After the furry caused by the execution OF these
orders was over and tho market began 70 manl-
fest a tendency 10 sag il was given ne" strong
impetus upward by series or caDiegrans 10
some Of the larger houses, saying at first that
Russia would prohibit the expectation Oh rye
from tho empire after August 9TH. aud later
that Il had issued the decree OF prohibition 20 20
into effect on the 18th instant and To continue
for one year.
PASrc-sTRrCKEN.
When this ncws was first mootcd II met with
little credence, but a. the house which lrst re.
ceiyed it bought heavily on the strength OF IT, ana
~ other houses receiving the same advices
ranged themselves on tho buying side also, the
smaller shorts became panic-strtcken and rush
ed 10 cover, values advancing rapidly amid con.
siderable excitement. December opened ragged
NJ 9lMa92Lc. against Dig. at the close yestet-
day. sold no quickly tlk2lac. sagged back 10
g2isa92Lc., aud then on the report OF the nus
sian rye export prohibition jumped TO e3c ~
this point tho late cables announced better
weather on the Continent and some decline IN
H.. and sha ia ha y
there WAS a drop TO o2l. Then corn began 10
show increased excitement, aud the estimated
receipts for tomorrow being light there was hn-
other rush 10 buy, which sent December 70 e5lsc.
II took another drop 10 v3c., then doomed up
ward again. touching 9+4c. amid much oxcne.
mont. wavercd a little. receding 10 Vi%c., ana
then in tho last fifteen minutes under irec COW
ering by the big shorts, who had been holdihg
ont. went humnng 20 gjc., and closed arm at
q45.c. The fact that the amount OF wheat on
ocean passage Increased l,S5d,0OO bushels
during the week had no apparent encct on
prices.
Four carloads Of new spring wheat were re-
ceved to-day. Corn started IN rather woak,
September being variously quoted ut 3Sssa
5Satc. against 59c. at the close yesterday but
the strength In wheat, the light offerings OF corn
and the fears of the shorts, VINO suspected ma
nipulafion by bun clique. generally accredited
10 New FORK spectators, soon caused n sharp
advnnce to 60lsc. The market then easci OF
some. but during the last hour started up again,
selling TO jOilc.; IL then broke TO J9isc., al
which price IL closed. The feeling WAS very ner-
yous and prices went up and down spasmodical-
ly, butthe undercurrent war very strong. Oats
were quiet but strong in sympathy with corn.
Provisions did not sympathize 10 any extent with
tho excitement In grains; ru,tua;ions were con-
nned 10 a narrow range. and tho close was at
about outside figures and at mall advances over
Yesterdays figures. Under tho stimulus OK the
Russian news rye took on the appearance OF a
speculative grain to-day. the cash article al
yancng ~. and futures i1aa51sc.
The leading futures ranged as follows: