The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-04

setback was given the market by the saspcn-
sion ~ Lazarus Sllvcrman. headline
private banker The gdocts Of this
but IN the last hour the market slump,d
again on ugly rumors about mercantile con
Germs, the failure % Work round oi cash wheat
for shipment and the light export business
reported from the Seaboard. Corn was
strengthened by discouraglug crop news and
provisions were Ia good support. To night.
compared with last night September wheat
is on ic, corn Is = TO sc higher oats arc un-
changed. lard Is SC higher, and ribs 6Sc higher.
Wheat started weak and lower and dur
ing the first half hour sold OF &c from
lass closing. Besides the Silverman failure
the decline was due to lower stocks IN Wall
street and some disappointment in cables.
which did not advance as much as many eX-
pected they would In view OF the sharp rally
here yesterday, After the decline the market
dragged along for time gradually recover
ing its tone, but marked no material advance.
Toward noon Logan. Schwartz. Dupee and
some other leading houses got good string
of buying orders, and as there was little
wheat for sale, the effort to till them resulted
selling up IL cents from the early decline
The crowd became nervOusly buliah
and when the leaders were observed to he
buying vigorously everybody seemed to be
seized with the desire to follow suit. 1t was
prominent gossip that Schwartz and Dupee S
buying orders were largely from L. e. Ream
At this point unfaYorable rumOrs began cir
culating and a fresh decline began The
bottom figures of the day Corn opened with
nc advance and after selling up Nc more
reacted 96c on the Silverman failure. The
depression was of short duration as
the demand soon improved on in
creased buying orders coming
In and the price reacted &8 &c, declined SC
ruled steady, and the closing was Ii4lliI5c.
from the top. The weather conditions caused
alarm among shorts and a good many came in
on to DAYS upturn. The situation in the in
terror is said to be really serious, the reports
being that the crop has been permanently
injured by the severe drought Oats were
little higher early, but eased OF Business
market was very quiet compared with its
conditions for three weeks past. Lard was
taken to the extent of 600 tierces for ship
ment abroad. Norton and WorthingtOn we're
&C i've buyers to day, as they were yesterday
also presumably covering short sales for Gus
toners Lard was the mostaCtively traded in
OF the specialtiCs
Chicago Aug. 3.-Cash quotations were
as follows: Flour dull feeling in buyers
favor Wheat-No. spring 59c; No. spring
wheat. February delivery 53tt54c; No . red
500. Corn-No. 3Si4c Oats, 23Rc; No.
2 white f. o. b. 26027c; No 3 white f. o. b ,
241626c Rye No. ? 431ac. Barley, No ,,
nominal No. 3, (. o. b., 33c; No. 4, (. o. b.. 34s.
No fax seed 97c; prime timothy seed
Lard, per 100 pounds, s. 45017 80. Short rib
sides, loose, 81 l5l1S7 p. Dry sailed should
ers boxed, S. 00f1S7 25 short clear sides
boxed 81 62la617 87M. Whisky distilers I'm
ished good, per gallon, 81 Il.
Receipts Flour. 1900 barrels; shipments
Is 900 barrels. Wheat receipts. 10 900 bushels;
shipments, Is, 900 bushels. Corn receipts, 246-
receipts, 23S,OOo bushels; shipments, 1914 900
bushels