The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-06


unprotected cribs must inevitably lower still
further the already too low grading, reducing
by so mucn the amount of contract article. At
the same time, the sodden ground cannot be
plowed and the planting Of new crop is still
further delayed. All of this gave
the corn pit today a sort of
the first to feel the effects of the weather con
ditions, opening excited and higher. The
wheat crowd, while somewhat interested in the
higher opening of their grain, took things
hausted itself in the early dealings and stopped
for rest. Then the wheat market began 70
warm up and when it got fairly to going it led
the shorts merry dance IL did not
yesterday closing price Partridge first ar
rayed his chief forces in the corn pit, where he
short July corn, varously estimated at from
1000 600 bushels TO 100000. Later he needed
them IN the wheat pit where bis interest is be
heved to be much heavier Item after item OF
news kept dropping IN during the first hour, no
matter from which direction it came, its tenor
was bullish. But Partridge sold whea Z,
Cottrin sold wheat. and the
successful men thought they were safe in get
ting In behind the big bears July opened 1Sc
higher at sl94c, and for an hour or more APP
did, 10 fact, sell to s11sc. When resistance to
the effect of numerous bull dispatches by the
local crowd was finally met by food of buy
ing orders from the seaboard and
been quietly edgiug up TO areuud
the opening figures, suddenly touched SIC, and
then rejoicing shouts of traders who werelong
seemed to lntlmidate the short sellers and until
the price had excitedly climbed to S414c the lat
ter contingent was not again heard OF except as
the most eager buyers IN the crowd. AT 1880
some OF the triumphant longs proceeded to
take their profits and their heavy sales caused
reaction to $50, but the market would not
stay down; 1t climbed to high notch, as above
noted shortly before the close and closed firm
a 1Fok4ll ~
should the weather conditions tomorrow give
any excuse for them. Partridge sold consider
able wheat, but was not as serious as usual.
The corn market was widely irregular. aud
much higher at the opening. 1t was very diff
cult to trade for few minutes, so various and
wide apart were the prices bid aud asked.
May was particularly ragged and unssts-
factory for commission houses TO I'LL orders.
owing to the fact that the main interest was in
July. Even in July the range was from Az to
5lS4c in the first five or ten seconds, and May
ouYers we're bidding 4394c and sellers for the
most part we're demanding from 44I6c to 45c.
Some few sales were made at 4314O44c and
aye, and one or two at 4413c in the Confusion
OF the opening, and for about ten minutes
part from 4JSc to 4!Ao during the the
first fifteen minutes, with possibly shade
higher paid in the chaotic irregularity of the
nrst few seconds. It was made apparent that
there was considerable and extremely anxious
snort interest, and that it was by no means easy
" pun hdeo. INC Iocelpb OF a ChOleRTdn
definitely confirming the fact that Russia had
removed the prohibition upon the
| export of oats in so far as
the Baltic provinces were concerned
and on maize for the whole empire, did not
affect tho market appreciably owing to the
already high tension At the end of the first
hours trading, with May at 44c and July selling
around 4l15c, the market grew somewhat
steady, but the strenat tn continued throughout,
the session, May touching 45c as the high
notch. July reaching 4216c, with the closing
price 441Sc for the former and s21sc for the lat
ter, gam of 11sc for May aud 1910 for July
over yesterday last figures. Oats were strong
in sympathy with wheat and corn, and on &C
count of the weather, which had a similar effect
on minor cereals to that exercised on
the others The market closed at an advance
OF 11sc. The only restrul spot on the floor of
the exchange was the provision pit and it was
only quiet in comparison with the turmoil in
the grain markets. Receipts of hops we're e.
goo head, and the price was SC lower. The
strength of the grain markets was the deterrent
an advance in hog products. Near the close
pork and ribs weakened somewhat and final
figures show betterments of 1216Gl15c In pork,
71&0l10c in lard and 216c in ribs
CHICAGO, May 5.-Cash quotations were
as follows Flour steady, unchanged spring pat
ents 81 l5@4 40; winter patents 1904 10;
bakers, 50 0043 2h; straiEhts 81 1904 90.
Wheat-No. 2spripR, $3.50 e41sc;No. 2 red. s61S
@s5c. Corn-Eo. 2, 42s414416c. oats--No. 2, 29c.
Mess pork. per barrel. 80 s0@9 s214 Lard,
oo.. sa%SS s. Dry sseeS Shoulders SdeSs
boxed, 81 5o@15 90. Short clear sides, boxed,
IS i75416 30. Whisky at 81 Is.
Leading futures closed as follows:
Opening. Highest Closing