The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-12
GRAM. PROVISIONS. ETC.

New York, April 11-Flour dull; firm;
unchanged; southern flour unchanged;
quiet Wheat spot dull arr flrme eI.va WiTh
S2i5c; afioat, S3%c; options opened nrm
and advanced 11sc on the government re-
port, with local shorts covering and the
west and Europe higher, declined 9sq1sc,
rallied Ac, closing firm at 124%c over
yesterday, with a fair trade; No. req,
April, ,751kc; May, 73Ac; June, 729sc; July,
scarce; stronger; No, 2, 43sc, elevator;
42lsc, afloat; options were dull and firm
at unchanged prices to sc decline, with
July, S6S4c; September, 38c. Oats. spots,
dull; firm; options dull; nominally easier;
April, 25Ac; May, 241sc; No white, Aay,
2512c; spot prices: No. 2, 2512c; No. 2 white,
2612c; mixed western, 25Q26lac Hay firm;
light receipts; shipping, 75q7712e; good to
choice, 92cQ$1.05. Wool quiet; firm I'M
changed. Beef dull; unchanged. Beef
hams, quiet; $145Oa15.OO Nerced beer
slow; steady; city extra India mess, $500
Ql5.5O. Cuts meats quiet; unchanged. Lard
quiet; firmer; western steam 5.321ac, nomi-
nal; city, 49Oc; May, 5.37lac; refined dull;
continent, 560c; South America, Co. COM
pound, 49sQ4Ac. Pork quiet steady; IN
changed. Butter fairly active; steady; I'M
changed. Cotton oil dull; unchanged. Rice
firm; unchanged Molasses fair demand
firm; unchanged. Peanuts quiet; unchang-
ed. Coffee steady; unchanged to points
up; May, y S5Ql2 csc; July, 1210c; Septem-
Der, 12.2OGIl2. Zoe; December, 10.70c; Marcn
lO.5Oc; spot Rio dull; steady; No. Z, 133&c
sugar, raw, very dull; fair refining, sac;
refined active; firm; unchanged. Freights
to Liverpool quiet; cotton steady; cotton
by steam, lid; grain by steam, Id.
Chicago, April 1.-THE speculative axiom
that the unexpected always happens found
YeritlcatOn in the wheat market to-day
For days and weeks the trade has been
looking forward to and conjecturing on
the government report. 1t was conceded
long ago that the conditions as figured by
the agricultural department would be low
but there We're few who anticipated the ex-
.btTrr frNer ID H.
was natural to expect a big advance on
the estimate given; so that the slump
which took place to-day was a startling
surprise to everybody. 1t was eKplaina-
BILE only by the too-much unanimity which
existed on the bull side All classes of
traders were loaded with wheat and when
nrSt one and then another attempted to
realize, the absence of support became
all the more manifest in the absence of
short interest. The market opened up,
WIN an advance of e of a cent over yes
terdays close all of which was gained
on the curb after the government report
was issued From the start the weakness
was evident but in the last hour of trad
ing the break was the sharpest, the close
being but fraction over the inside fig
ures OF the session. May wheat opened
from 66S4c to 66l9c, declined to 64iac closing
at 649sc-4c under yesterday. Cash wheat
was weak, and 1c per bushel lower.
Corn was quiet and unattractive The
good trade in wheat and the sharp &C
ton of prices in that market distracted
the little attention that is usually be-
otoNeQ mere. Inc reverse OF prices was
the same in corn as in wheat, and was
governed fairly by the latter. May corn
opened at 30030lsc, declined to 295s6293z c.
where it closed-14Qssc under yesterday.
cash corn was easy, and Ac under yes
terday.
Oats developed nothing particularly in
tereStlng. The tone merely reflected that
of wheat whilst the business did not ex-
tend beyond moderate proportions. 1t is
said heavy long interest has been created
IN oats, and the specialists in this grain
are endeavoring to loosen the holdings
with view of precipitating a decline. May
oats closed 14c under yesterday. Cash oats
easy, and &c lower.
ProViSionS-RoOm for Improvement in
business way existed in product, although
moderately fair business was transact
ed at comparatively steady prices The
tone in the hog market tended to strength
en- values, but the demand was not i'm
perative, hence the failure of prices to
| appreciate to any remarkable extent. May
pork closed Tee to 10c higher than yester-
day. May lard unchanged, and Nav ribs
2l2c lower. Domestic and foreign markets
quiet.
Leading futures ranged as follows:
Opening. Highest. Lowest. Closing
A 55iyy $ sf * * 81 8 s. s.
April .29lAa2ss 2s1sa2sA 2a.sa2sH 2sA
May 80 0So3s 80 QS0B 299sG294 1884
sept :.......5S55tas2as $53Saa2s a3s $ 81.
N 4aiy ! ! ozq! !s lsAa ls3 i issSgss3:
Sept ....2J5s 203s 2OIs aJis
Pork
May ..ss 57l4 SIS IS 574 IS GA