The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-03-13

sslc: pickeled hams 7%Gsc. hiddles dull an
firm: short clear s. 3D. Lard active and
higher; western steam s. IS; city IS 30
delivery 8 81; Nay delivery IS s.: June deliv-
cry s.; July delivery So 70; refined firm;
continent IS OO05 25; South America IS IS.
Butter quiet at ls025c Cheese active; light
SKINS s0sISc Freights to Liverpool heavy:
cotton, per steam 7-6id: grain I'D.
CHICAGO. March l2.-Tne wheat market was
extremely nervous, and ready at all times to
respond to bullish news. but sagged as soon
the effect had worn of. The volume of business
transacted was not as large as yesterday. May
wheat started at 81 01lS, sold 10 81 ola and
in corn. oats and pork had caused a stampede
among the small shorts. Realizing sales car
rled May of to 81 Ola and il ranged from
81 OlA to 81 oOS4 al the forenoon. shortly after
closing cables. which quoted Berlin considerably
higher on VIII at and Paris higher on -four and
wheat. July wheat started at 9el4c, sold TO csc,
and ultimately advanced to 81 90. The trading
| in corn was of the same general character as
has recently been noted. II took very little
| buying from a certain quarter to start the
prices up, and the execution or orders at any
| particular price was a. uncertain as ever The
shorts are so thoroughly demoralized that they
| dare not originate any trading, but wait pa
| tiently while attempting to catch on to the pre-
vailing humor OF the bulls. The opening trades
were all the way from 621Sc to 6Sl4c, with very
| little business done below the highest of these
prices. 1t touched the top at e3lsc, and there
manner between 6S1sc and 63I4c being very
| firm toward the close. A prominent operator
| in oats claims st comparatively few shorts
have covered since the squeeze began. Trans
| actions have been mostly Of q scaping nature,
and parties who held long oats at the start have
| sold very sparingly. and consequently still have
control of the situation IL is a fact that large
lines have been put out above Acc, and it is quite
possible, in view of this fact that the short in
| terest is larger now than when the price was in
| the neighborhood of 4Sc. The market was act
| i've, with prices showing range of SIC in May
| and lSsc in July. The provision trade was
| again enlivened by a brisk demand from the
shorts for pork. The motive power was pro-
| vided from the corn pit, the soaring tendencies
| OF corn communicating itself to the product of
| its consumption. May pork opened at 80 IS TO
! $40 90 and touched Sl1 90, but the advance was
checked by free selling on the account of the
packers, who saw in the bulge better return in
barrellng pork than in cutting It up into box
meats. There was decline to $40 so. but later
| buying was renewed and the price advanced Co
$ll 25 and it was being traded in at 81 is when
| the bell tapped Ribs and lard responded
but slowly to the advance, but in the end these
| likewise bad a share of the prevailing demand
and closed at an advance Of 116c for May lard
and &c for May ribs, as compared with yester
| davis closing quotations.
CHICAGO. March 12.-Cash quotations were as
follows: Flour firm; spring patents 81 GOO
40; winter patents 81 5005 90; bakers 81 500
30. Wheat-No. 2, spring 81 00N01 Ola; No.
2. red, 81 021t@S1 0314 Corn, No. q 62c. Oats,
No. 2, 526D5216c Mess pork, per barrel, $40 90
| 010 95 Lard at SO is. Short rib sides,
loose, IS 20Q1b %. Dry sailed shoulders boxed,
81 1905 IS. Short clear sides. boxed, s. 350D
30. Whisky at 81 Is.
Leading futures ran red as follows:
a.