The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-14

ferences were not thrown out When 1t became
known that he had responded with the neces-
sary funds they breathed more easily; put there
ciOn that the market was being manipulated
by clique of eastern spectators, VINO were al
ternately advancing and depressing tne prices
The absence of Partridge, whose deaings have
cut such figure in the TRANSACTIONS OF each
day. also tended TO make the business light.
Prices were very easily Influenced In either dl-
rectiOn. The bears, while not disposed to do
much would rush into the market and cover
whenever there seemed 10 De any unusual
movement in the way of buying, and, on the other
hand, when the bulls would seem crazy to sell
when the action of the market or any item Of
news seemed to indicate any loss OF condolences.
The large clearances from an the ports
yesterday aud the day before had ouilish eff
feet. December sold early at 96Dsi14c, but
moved along up, and in a short time sold at
97c. Then Logan began to sell out some of his
early purchases for New Workers. Continental
cables came in weaker and Ream became an ag
gressve seller. Under his raiding the market
broke back to 955Sc. He repeatedly offered
500 600 bushels, or any part OF 1t, at g6tsc. But
another bull wave soon swept over the market;
New York sent in more buying orders and St
Louis began buying while offerings suddenly
became meagre. Later the excitement in the
rye market caused nervous lump TO g1ssc
The estimated large receipts Tor tomorrow,
liberal realizing sales by early buyers and ru-
NOR that foreigners we're selling In New \ rk
finally carried December back TO g69sc reacted
somewhat. then broke to 9oc Late adviceS
from New York were that nearly 100000 bushels
of wheat had been taken there for export up to
noon. but the market did not respond. 1t grew
dull and confined weak at $3.50. Corn not
very active. but it was quite nervous ana in
sympathy with wheat. September corn opened
at soc, receded to $3.50, advanced lrregulary
to 5996, grew weak with wheat near the end of
the 1ssion, and closed at $3.50. Oats were
rather neglected for the wheat ana rye pits,
though fluctuations covered the range of Ac,
closing near the bottom. 1t is an unusual thing
for the rye market TO affect the prces of
wheat, but such was the case. 1t was the tail
swagging the dog, September started at SIC
and sold TO CSC, against 671sc at the close on
Monday; cash closed at 93094c. Hog products
were slow and steady during the greater portion
of the session, but, about noon, heam made a
sudden raid on pork. He sold right and left in
quantities. and the market began to tumble
The weakness in grain was favorable for the
operator, and the smaller longs took alarm and
began to throw up their holding Stop loss
orders and exhausted margins Kept bringing
| out others and a partial panic followed, Sep
| TENDER going off to $40 05, against $40 42I5 at
| the close yesterday, in very few minutes.
There was a slight reaction, but the decline was
resumed and continued to SO 61R. az which it
| closed. Lard and ribs suffered in lighter de
| gres. in sympathy with pork.
CHICAGO, Aug. 13.-Casn quotations were as
| follows: Flour firm and UNCHANGED; winter
| patents 81 10000 90; bakers 81 1904 25
| straights 81 65GD5 10. Wheat-No. spring,
960961sc; No. spring wheat 83c; No. 9
red 96c Corn-No. 2, 6194c. Oats-No. 2. 27I
| 02Sc; No. 2 white 82I6033c; No. white
| 32I6c Rye-No. 9, 93094c. Mess pork, per
| barrel, So 8716. Lard per 100 fbs, So 80
| Short ribs sides, loose, $6 55Q16 60. Dry
\ sslted shoulders, boxed, S6 2006 %. Short
clear sides, boxed, 81 1907 25. Whisky
at 81 IL.
Leading futures ranged as follows:
4 Ii0hn 1~asw