The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-05-02
GRAM. PROVISIONS. ETC.

New York, May Flour, unchanged.
dull, easy; southern -four, unchanged,
easy. Wheat, spot, quiet; February, 75ssc;
options were moderately active, but closed
weak at %01c decline; No red, May,
69Ssc; September, $3.50; December. I1sc
Corn. spots, dull and steady; No: 2, S5zsc
and unchanged; May, $3.50; July, 36c; Sep
TENDER, S7Ac. oats, spot. quiet, STEADY;
2ic; spot No. 2. 25c; No. white, 26c; mix
ed western, 25d26c. Hay, scarce, strong;
spring. soc; good to choice, 9lc4$lO0., Wool.
quiet, unchanged. Beef, unchanged; beer
hams, dull at $14.O0d15.50; tierced beef, in
active; city extra and India mess, Sl4OOp
1850. Cut meats, quiet, unchanged. Lard,
quiet and stronger; western, 552c; city,
41Rc; May, 5.10c; continent, 535c; South
American, 575c; compound 44Q49sc. Pork,
quiet, steady and unchanged. Butter,
firmer, light receipts; state dairy, S4l2c;
state creamery, 106il6c; western dairy, "a
lie; western creamery, nQl6ci Elgins,
151bdl6c. Cotton seed oil, steady, quiet
and unchanged. Rice, firm, fair demand
and unchanged. Peanuts, unchanged.
Coffee, steady, unchanged 70 10 points
down; May, y Sc; July u 4O@l2 45ci Sep Sep
March, 10000; spot Rio, dull, steady; No.
T. l3fsql4c; Sugar, raw, hrm. dun; far
TeiiRIpg, S%G; refined s quiet unchanged
Chicago, May l, noon;--The market
opened for wheat May, &c; corn, May,
2SleQ2S9sc; pork, May, $S.O712; lard, May,
Chicago, May 1.-Delivery day on May
wheat was signalzed by a slump in prices,
which came dangerously near the proper
lions of disastrous break. The market
was encompassed by weakness all through
the session, but it was not until the last
half hour that the decline became impor-
tant. The deliveries, which were very
large being Variously estimated at 100000
to 10000 900 bushels, were mainly responsible
for the enerVation. Most of this wheat
found its way back into the hands of ele-
Vator people, hut there was a good proper
ton of il handed out to people who owned
II by reasons of their holdings in May, but
Who did not really want It, and therefore,
constrained to liquidate. If there had been
any news of a bullish character received
perhaps these parties would have carried
IL for awhile, but the absence of anything
encouraging prompted immediate sales.
July wheat opened at 64c, sold be-
tween 641sc and 625sd62$4c, closing at 62Ac-
lac under yesterday. Cash wheat was
steady early but was detrimentally influ-
enced by the weakness of futures later.
Corn-Deliveries of corn We're moderate,
much of it coming for sale. Trading was
extraordinarily active, however, and no
great weakness was witnessed until the
price of wheat took its final plunge, when
the feeling in this market responded and
a decline resulted. There was a lack of
confidence displayed and the inclination
was to abide by the action of the leading
to 29%c, closing at 29& 97sc-1sQ3sc under
yesterday. Trading in cash corn was at
steady prices, but nominal loss at the
close was quotable.
Oats altered scarcely at all early, but
the tone was soft most of the time. When
the other grains set in to decline there was
prompt response in this market. July oats
closed 1aQ5se under yesterday. Cash oats
We're steady early, but nominally weak at
the close.
Provisions-The hog market contributed
the weakness which prevailed in product
early, and which the extended further de-
preston at the close. 1t was noticeable
thaL lard instead of declining with pork
and ribs held firm, and actually recorded
a gain at the close instead of showing a
loss as the other commodities did. Packers
ana professional traders express the opin-
ION that with the continued heavy receipts
OF hogs there is little hope for product
July pork closed 25c lower; July lard 215G5c
higher, and July ribs &c lower.
The leading futures ranged as follows:
Opening. Highest Lowest. Closing.