The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-07

crude in bulk SO 80: refined New York so 10:
Philadelphia and Baltimore So 05: n bulk
IS 66GS 60. Cotton seed oil quiet ana firm
c; new yellow siS4Q82o Wool quiet and
steady; domestic fleece S0036c; pulled
26@sSc; Texas l6@2ic. Provisions-Pork was
new mess, $40 5O@i 90; '' extra prime
$40 90, Beef was inactive; family 50 so
gl0 90; extra mess dull at 81 5ons 90.
erced beef dull eity extra aa s India d ness
S14 O0015 90. Ont meats firm; wanted;
picked bellies Sc; picked shoulders 55s
G5s4c; hams l0@loI{c Middles easy; short
clear. May delivery at IS 1905 so. Lard higher
and quiet; western steam closed SO 52IS:
city steam IS 900600; May delivery So 81;
June So 50; July delivery So Oh; re-
America s. so. Peanuts we're quiet; fancy
handpicked 4ISc; farmers 23403I5c. Freights
To Liverpool strong and active; cotton, per
steam, 7-46d: grain. 5SISdd.
CHICAGO, May 6.-Wheat broke 2Ssc to-day.
corn l14c and pork 25c. There was one failure
small one Brighter weather, the rumored
removal of the Russian prohibitory edict aud
improved crop conditions in Kansas formed the
combination that smashed prices. The closing
quotations were at or near the very bottom tor
the day. The market started on a break of 1I6c
and dropped another 1sc in a few minutes Toe
longs, large and small turned in TO sell The
bears helped very freely, supposed to be Cudahy
wheat, bought yesterday. On this the July
price got fc under the opening and 116c under
last night The bulls threw up the wintry
mixture. II came out in the form OF cold long
wheat 1t was lively scene in the pit sew
eral millions of paper profits disappeared like
moisture breathed on a polished blade. Ar
reagoni & Co. who were said to have purchased
some 100000 bushels of July yesterday at Sic,
made no response to the margin calls
and wheat was sold out Just at
the close at about SEC. The
weather caused corn to open very weak and
the prospects of the clouds having emptied
themselves, improving as the session progressed
the market Cn1tiunad a Waakau n the close
Trading was active, but the weather and the
decline in wheat encouraged both short selling
and selling out OF long stuff. causing heavy
feeling, from which there no relief during
the day. In oats there was free selling, especial
ly of May The break in wheat and corn
powerful factor and caused decline of 5661ic
in prices. An Improvement OF sc in the price
of hogs had no influence on the provision mar
ket Wheat and corn, strength in which had
bolstered up the hog products, had disappeared
and the small sized boom IN the provision mar
ket betook itself straight away. July pork made
spasmodic recoveries, one amounting to l0c,
start to the finish, Lard dropped TIC and ribs
10c. I 4
cHIc1ao,a MAY Cash quotations were
as follows: Flour in better demand; spring pat
ents 81 i5Q9zas0; winter patents 20QD4 40;
bakers, IS 0oI13 25; straights 81 5000 90.
Wheat-No 2spriDg, sl7s6s2c; No. red, SIS
QDS6c. Corn-No. 2, 4361433sc. Oats-No. 2, 2914c.
Mess pork, per barrel SO 6O09 seq Lard,
per 100 ms, So 20Q16 2211, Short ribs sides,
loose, s. s2l6@5 IS. Dry sailed shoulders,
boxed, 81 5015 90. Short clear Sides boxed,
So 1905 80. Whisky at 81 Is.
Leading futures closed as follows: