The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-03-11

With light supply; fancy haud-picksd &c; farm
ers' 31S04lfo Coffee-Options opened steady
and closed dull ant unchanged to 10 and up;
spot Rio steady; No. 1870. Sugar-Raw
dull and easier; fair refining Side; centrifu-
gals 90 test $50: refined quiet aud steady;
OF A 45404 9-i6c; standard A 9166ia4c; cut
loaf s-l605Rc; powdered 476d5 Lido; gran
ulated 4e-l6145kc. Freights to Liverpool dull
and weak; cotton, by steam, SGD; grain, by
steam, 1ISd asked
CHICAGO, March 10. 1000 A. M.-WheAt opened
1sc lower at 75JSc for NAV delivery: now 7sl4c
Corn opened 1s@|4c lower at 43l66b434sc for
May delivery: now 43Ssc. Pork opened 2ISc
lower az S4S 10 TOT May delivery; now 81 90.
Lard opened nc lower at S1l IS for September
delivery.
CHIc4ao. March 1O-wheat furnished a sur
prise to-day. May option suddenly, became ex-
cited and shot skyward, while July was as weak
as May was str ne. During the time that the
latter made 2I6c gain the former dropped
l1Sc, the extreme spread having been 59lc
against a difference OF 1850 at tue close last
night All indications had pointed to a weak
and uneventful day. when without warning the
demand for May expanded and bids were
gradually advanced lo1al shorts began
to think that possibly the clique
had opened the bull campaign In earnest aud
took fright a. once When they began 70 cover
IL was found that there was hardly any for sale,
and this only added TO the alarm, which ended
in partial panic, during which the price was
bid up 214c In less than half an hour. After the
scare had passed away facts we're discovered
which caused the belief among many that the
buying had been on unlimited orders from
shorts in the northwest. who had with much
unanimity resolved on covering their May short
age. Lawyer & Co. OF Duluth, big elevator
owners, were said to be the foremost buyers,
but other prominent northwestera operators
were not far behind. Alter the most urgent
shorts had supplied their wants the market
got duh again and lost ISc OF the advance. The
feature OF the market was the fact that while
May was on the rampage July was on the slump.
Those who covering May seemed to be
selling July and doing It reck .essly. IL vas re-
marked as very singular that while calls on
May were good puts on July were equally good.
Corn and oats did not share the pyrotechnics
displayed in the wheat pit, remaining within
narrow limits and averaging "A shade higher
There was shake out In pro-
visions, although hogs were lighter
than expected, at II 900. and prices at the yards
higher, the products we're lower from the start.
The feature was a raid of pork by WTi ht. in
which Baldwin and others joined. With no one
giving support. May price dropped from SISl716
last night TO Sl7 57l6 in the first hour, Later
pork got quick upturn TO SlS. and closed
Si7 e215, or about IS cents under last nj ht.
Lard closed 100 sc better than lowest prices.
CHICAGO, March i0.-Cash quotations we're
as follows: Flour dull nominal and unchanged.
Wheat---No. 2spring 72I6d75c. Corn-No. . red
4l14c Oats-No. ale. Mess pork 81 GOO
II b2IS. Lard Sl2 45@l2 so. Short rio sides,
loose, $40 l5@10 l716 Dry saltet shoulders,
boxed, 50 1903 S?le; short clear Sides boxed,
$40 60@i0 g. Whisky at 81 Il.
AHr.a. Fs.FYv N-HN.