The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-13
THE MORNING NEWS THURSDAY, AUGUST 10, 1891.

pulled so@ssc: Texas 17094c Provisions
Pork active and steady. prime Sll oOGe2 90;
old mess, 80 5o0lE q: new mess sls 90
quiet; family SIS 050i4 90; extra mess
SO 50GDl0 90. Beef hams easy dull, at SIS OQfs
is So reroed beef hrm; city extra.
strong; picked bellies 7S4@sc; piokeied
shoulders 614@614c; picked hams Hobbs.
Der delivery 81 90. Lard higher and quiet;
ossian.-Au stSs~ aelitly cy sopsenbei
delivery s6 Sc, asked; october delivery 81 .OV,
asked; December delivery 81 20; January delNI
cry s.; refined dub; continent 81 sO07 20;
South America s. SIS. Peanuts quiet;
fancy handpicked, 4Isd414c; farmers, 2A0
$40. Freights to Liverpool weak and dull
cotton, per steam. 3 SD: grain 30. asked.
CHICAGO. Aug l2,--Qn top OF SI<c advance.
recorded in wheat yesterday, there was piled
to-day further appreciation OF 21sc IN the rul-
ing option. December. though 1870 had disap-
peared at the close. The market was in an
tremely nervous state, general feeling IN the
pit favoring higher prices, but the uncertainty
as to the size of the uncovered short interest
unsettled the confidence and tended TO an even
ing up of trades, both long and Short at the
first sign of danger. The result was series of
stampedes, which alternately sent the market
up and down in a most bewildering fashion The
general tendency of the session, however, was
upward. The news at the opening was bullish;
London reported cargoes for prompt shipment
at Is aud Sd up. and Liverpool was a penny
the wisdom of pressing the advantage they OBJ
tanned yesterday, and this gave the bears some
show of courage. The opening price was at CSC
to 951Sc, against 94ISc at the close yesterday.
Longs then began to realize and their sales
broke the market to 1850 within few minutes,
andk there was reaction TO 953sc, but re
newed offerings quickly sent the price off again
TO 94Ss. Then came period OF comparative
steadiness, the market holding between 9444c
aud 9516c. The Paris cable reported an advance
of 4 of q franc in wheat and franc IN flour.
and fba ,riC h.ler to ah
was assisted by reports of heavy export clear
ances on the Atlantic seaboard and gulf. Not
withstanding the heavy liquidation by Partridge
yesterday, he was understood to be still heavily
short, and operators were calling him
sharply for margin. He finally told them
that he would put up no more margin, and that
they could cover themselves In open market.
which they proceeded to do. 1t was estimated
that the purchases for his account under the
rule aggregated ,000, 900, and this buying put
the price upto 971sc; the top.hgure Of the day
sagged off, but closed firm at 96c.
Corn started off easy, and September sold from
5914c 10 5S4c, the weakness being due to late fine
rains in the corn belt and the hesitation In wheat
| at the opening. Shorts took advantage of the
| weakness to cover and the market rallied some.
| Finally, when wheat made its big advance corn
| got excited and September sold to
| 6056c. Partridge was sort considerable
| corn, and when it found that his wheat
brokers were buying him in the corn brokers
| did the same thing; hence the advance to G05sc,
| and closed at 591sc. Oats were quiet but strong
most of the day, being influenced chiefly py the
| strength in other grains. Hog products
had another dull day. and prices ruled
steady. The excitement in grain seemed to
| be entirely lost on the provision
market. The receipts of live hogs were 1900
| more than expected and there was very little
| demand for the product. September pork kept
| between $40 400l0 IS and closed at $40 4215
| Another sensational advance took place in rye
| to-day, September selling from S3c 10 $3.50 and
| car lots from SIC to Sc. The close of Septem-
| Der yesterday was S3c
| CHICAGO, Aug. 12.-Cash quotations wer, as
follows; Flour dull, but firm at 10c higher winter
patents 81 90004 90; bakers 81 1904 25;
straiRhts 81 65tA5 10. Wheat-No. spring
9614c; No. spring wheat nominal No. 2
| red, 9o14c. Corn-No. e. 6215c. Oats-No q
| 26I%c; No white 32033lkc; No. 3 white
30032c. Mess pork, per barrel, $40 371S DO 4O
Lard, per 100 lbs. So 65. Short ribs sides,
loose. Sc 7o06 721s. Dry sailed shoulders
| boxed, $6 1905 20. Short clear sides. boxed
| 81 1901 80. Whisky at 81 IL.
| Leading futures ranged as follows:
OOaninp HiOaast