The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-26
GRAN. PROVISIONS. ETC.

New York, May 25.-Flour firm; winter
wheat, low grades, $2.10N3.50; fair to fancy,
SO. 75d4.25; patents, A.250475; Minnesota,
clear sS.20aS6O; patents. s45G5.1O; low ex-
tras, S2.7Ga3,5O. Southern flour, quiet firm;
common to fair extra S2.65d340; good to
choice do, $3.50d425. Wheat stronger mod
erately active; No. 2 red store and eleVa-
tor. soc; aioat S1isc; options opened weak
and declined 101isc; rallied 3as63iac, fell &c
and closed firm, at 31sd314c over yesterday,
with trading fairly active. No. red May,
@14c; June, S0l5c; July. Size September,
Sl1sc Corn dull, firm; No. 2, 577sc elevator,
0Stsc ahoat; options declined 5s013sc, ad
Vanced lQl9sc, closing firm al &c over yes
terday with trading fair. May, 575sc: July,
5Sssc; September soc. Oats dull, firm; OPP
tons quiet; May 329sc; June, 325sc; July.
33ssc; spot No. 2, 52&l d33c mixed western.
38QS4c Hay steady, quiet; shipping 55q6oc;
good TO choice, 75QS0c. Wool firm, unchang-
ed. Beef dull unchanged. Beef hams quiet,
weak, $500. Tierced beef inactive, easy;
city extra India mess, $70ql9.OO. Cut
meats dull easy; picked bellies, 524d6c; do
shoulders. JM5hc do hams, S24G9l4c. Lard,
quiet. opened weak closed firm: western
steam $500 asked; city 6.25c; May, 6.S5c,
nominal; July, 6.95c, nominal Refined
7S0c; compound, 5q5l4c. Pork, dull steady;
mess A35OQ1425 Butter fair demand
hrmer; state dairy 10u17l2c; creamery, 19c;
western dairy, 7l2G12c; creamery, new, Ia
nc. old, Sql3c; Elgins. 19c. Cotton seed
oil, quiet firm; crude, 24c; yellow, 27d271sc.
petroleum nominal. Rice. fair demand,
~ III AOAltoAit ldlI 10 extra 4t4fQbC. Japan.
1870 Molasses, foreign nominal; New
Orleans open kettle, good to choice, 26d32c /;
Ialrly active, fancy firm. Peanuts, quiet.
Cofee firm, unchanged TO points up; Sep
TENDER, l5Wnl5.O5c; December, a. 956l5. 00c;
March. H0Ml490c; spot Rio, quiet; steady;
NO. Z, l6c. Sugar, raw, quiet, firm; fair re-
inning, &c; refned, quiet steady; off A, asa
49sc; standard A. 7-16Q45sc; cut loaf and
crushed, 51-16d5Ac: graduated. 47-I6G
4Sac. Freights to Liverpool quiet nominal
chicago, May 20, noon. There was live
~ opening TO the wheat market. The July
option opened from l12c to 1%c lower than
the close yesterday. Immediately sinking
another half cent. This was succeeded by
a quick totally unexpected upturn, that
hfted prices for the July option nearly 3
cents in as many minutes. The quotations
are Closing, wheat, May, 7Sl6c Corn,
May, 5212c. Pork, May. $l2.25 Lard May
$3.50. Ribs, May. $6.15.
Chicago, May 25.-There was a sensation
al hve, minutes in the wheat market to-
day when prices, with rapid strides. re-
covered to l9%c for July. The day began
win rather discouraging outlook for
holders, Yesterdays closing weakness be-
ing carried into the opening transactions
and for a while 1t looked rather gloomy
toF prices; 2Ac &C., in al, being cut from quo
tatlons. At 74%c for July a steadier feel
ing developed. following which a gradual
rise to 76l4c took place. The weakness was
the effect of raids and showers in Kansas
and Nebraska last night, further realizing
sales being due to this cause. When the
weather predictions of frost in the west
and northwest became public about 10;15
there was one of the greatest bursts of
strength that has yet been seen. July was
holding steady around 76c but within five
minutes sales were being made at 795s0
79Ac. The bulge was so quick and unex-
pected that the amount of trading was
comparatively small between the prices
mentioned the gain being made in nc and
lzc jumI&
At the advance there was scarcely any
relaxation in strength, the close being
within Ac of the top. July wheat opened
from 753sc to Toe, sold between 743c and
1850, closing at 79lac-2i2c higher than yes
terday Cash wheat was strong and
higher relatively with the futures.
Heavy receipts of corn continue 70 he n,
an inducement to sell at the opening to-
day, but when wheat experienced the
change of heart, there was a reversal Of
sentiment in corn. The rally carried prices
back to where they were at the close yes
terday, with an easy undertone ruling
July corn opened from 53c to 52sic. sold
between SIC and 5lc, closing at 533tc-un-
changed from yesterday. Cash corn was
steady Responsive to the action and tone
of wheat, oats opened easy, and later he
came firm. The trading was not notable
Tor anything OF an unusual or inspiring
character. July oats closed a shade high
er than yesterday.
Provisions-The product market was in a
weakened state at and around openine
Quotations on hogs were sc lower. and II
about to collapse. Under these circum-
stances il was not surprising that prices
suffered somewhat. The bulge in Ivbeet
later, was reflected in provisions and a fair
rally took place. July pork closed PIC
higher; July lard 212c lower and July ribs
unchanged.
Leading futures ranged as follows.
Opening. Highest Lowest CloSine,