The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-06
GRAIN. PROVISIONS. ETC.

New York. Nov. 5.-Flour very steady.
unchanged; southern flour quiet, steady.
Wheat spot market dull, weaker; options
opened weak and declined 2S4, rallied 24q7sc,
fell sc, and closed weak at 21zQ2ssc below;
No red, November, 791ac; December,
S07sc; May. $3.50. Corn spots weaker, quiet;
No. 2, Boise elevator; 31l5c afloat; options
were dull and weak at &c decline; Novem-
Der, 30Ac; December, 311sc; May, S41sc. Oats
spots dull steady; options weaker, dull;
December. 25hc May 2534c; spot, No 2
221ac; No. ? white, 25c; mixed western, go
24c. Hay quiet, better grades easy; spring,
55G6Oc; good to choice 75d65c. Wool, firm,
unchanged. Beef quiet steady; family,
$85Oq9.00; extra mess, S600G70 90. Beef hams
dull, $l5500l600; tierced beef quiet; city
extra India mess. $10.25Q1250; cut meats
steady; picked bellies, 5Ac; shoulders
4AG41ac; hams, 9G912c. Lard, quiet, lower;
western steam, 4.55c; city, 425c; December,
4,55c; refined dull; continent, 490c; South
American, 5.25c; compound 45sd47sc. Pork.
weak, new mess SS.50d900 Butter, market
moderately active, steady; state dairy, 1lg
i8c; creamery, 1212Q20c; western dairy, SQ
121ac; Elgins, zoe. Cotton seed oil, quiet,
nominal; crude, pc; yellow prime, 26c Rice
firm, good demand, unchanged. Molasses,
quiet, steady, unchanged Peanuts, quiet;
hand picked fancy, SEC. Coffee, quiet,
points down to points up; December, 1910;
March, 10.05Gl0. loo; May, 1O.05910.lOc; July,
10 15c; spot Rio, quiet; easy; No Z, lie. Su-
gar raw dun, firm; fair refining, 25sc; cen
trifugals, Sc, test sac; refined quiet.
Freights to Liverpool, quiet.
Chicago, Nov. 5, noon.-The market
opened for wheat, December, 7S24c. Corn,
December 241kQ245sc. Pork, December,
$500 Lard, December, $4121404.15. Ribs,
January, S3.S5.
Chicago, Nov. 5.-Wheat backed down
from its recent lofty position to-day. 1t
was a day of liquidating, and yet 1t held,
that only a very small portion of the
long wheat accumulated when prices were
backing has sought a market. 1t was
due to buying against puts that to-day's
decline was finally checked. At the close
prices showed a sc recovery, but the I'M
dertone was far from stout. Liverpool
declined 1Ac for the day, The loss being
construed as evidences of foreign willing
ness to follow Americas lead. For many
days short selling has been a neglected in
dustry, and the absence of the demand,
which should come from that source Vas
in itself a weakening factor, declines be-
ing more rapid than if it had been stayed
by such buying. December wheat opened
from 1854 to 75Ac, declined to 7S1ac, closing
al 741sc-2ssc under yesterday. Cash wheat
was weak, and PIC lower.
The corn market evinced no unwilling
ness to join wheat on the descending scale.
As any strength lately noted in this mar
ket was a gift from the finer grain, 1t was
only reasonable that weakness should find
ready acquiescence. May corn opened
from 2S1s to 289sc, declined to CSC, closing
at 2SAc-1Ac under yesterday. Cash corn
was u cent lower for old, but steady for
new.
The depression in wheat and corn exer-
cised discouraging effect on oats, prices
declining in sympathy. May oats closed
Ac under yesterday Cash oats were
steady with very little change in prices
noted.
Provisions-The fact of wheat, corn and
oats being in a more or less demoralized
state rendered speculative buying of pro-
duct rather a hazardous experiment, ana
as a result the demand was poor ana
prices lower. The demand was moderate.
The Price Current figures on western
packing 9,8j0,000 for eight months against
1885, 900 for the corresponding
period in 1895. were not encouraging to
bulls. At the close January pork was
10c lower; January lard 121zc lower, and
January ribs, 7l5Q10c lower.
The leading futures ranged as follows
Opening. Highest. Lowest Closing.