The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-25


at 81. 25G5.50 for a range including Balti-
more and Portland, Me. Railroad ties,
base A feet, 16c. Timber rates, 50cG$1.00
higher than lumber rates. To the West
Indies and Windward, nominal; to Rosa
rio, $12. O0G13 90; Buenos Ayres and Monte
video. so O0q11.Oo; to Rio Janeiro. s14.OO;
to Spanish and Mediterranean ports,
s11. 30Q11 so; to United Kingdom, for or
ders, nominal for lumber, 4-pound IS
standard.
adelphia, 800; to Boston, $500; to Balti-
more. $500.
Naval Stores-By Sail-The market is
firm. Large sized, Cork for orders, are
As Cd; Genoa, Is SdG3s Cd Adriatic, Is Cd
as Sd; South America, rosin, Csc per
barrel of 2S0 pounds. Coastwise-St
To Boston, lie per 100 pounds on rosin,
ee0c on spirits; to New York, rosin size per
100 pounds, spirits. SIC; to Philadelphia,
rosn, TIC per 100 pounds spirits, soc; to
Baltimore, rosin, TIC per 100 pounds, spir-
its. zoe.
Chicago, Oct A.-Wheat opened weak
and demoralized on a decline of 2Ac on
Liverpool. Long wheat came out in enor-
nous volume. First prices were cents
under yesterdays close. December
wheat opened from 7O&sd7Oc, and sold be-
tween 7O%c and 694c, holding at 705s670%
-23sQ2%c under yesterday. The market
again became panic-stricken about II
o'clock, prices dropping like fash. The
people who played for a bull turn this
morning early found themselves on thin
ground, and, in endeavoring to put them
selves on firmer footing, precipitated the
second break of the day. December
wheat fell away from 705sc where it was
hanging after the opening confusion, to
69c within five minutes.
Quotations at noon-Wheat, October.
STAG; December, 69$c; corn, October, $50
231sc; pork, October, $6.971a; lard, October,
$4.25; ribs, October, 1886.
New York, Oct. 24.-Wheat opened much
lower at the Produce Exchange this morn
ing. December, which closed last night
at SO1sc, opened to-day at THO, and May,
which closed yesterday at 831sc, opened
to-day at S0Ac. Lower cables and free
selling here were the cause of the lower
prices.
New York, Oct. 24-Flour dull easy,
unchanged; southern -four dull, easy.
Wheat, spot market dull, weak, 315c low
er, with options; ungraded, red, 69qS1c;
No. l, southern, 771sc; options were fairly
active and unsettled, closing weak; No. 2,
red, January 7Sc; March, 78lsc; October,
741sc; November, 747sc; December, 1880.
Corn, spots, dull, weaker; No. 2, 3015c ele-
vator; S112c afoat; options were dull,
weak and AG5sc lower; October, 9O2sc;
November, SO1sc; December, 311zc; May,
S44c. Oats, spots, quiet, easier; options
dull, weaker October, 22%c; December,
24c; May, 261ac; spot No. 2, 2Sc; No. 2,
white, 251ac; mixed western, 21Q24c. Hay
quiet fairly firm; shipping, 55G6Oc; good
to choice, 7712090c. Wool fairly active;
firm, unchanged. Beef firm, quiet fami-
ly, $S.50@950; extra mess, S6.00Q7.00. Beef
hams dull, $500. Tierced beef steady,
quiet; city extra India mess $10.50G12.50.
Cut meats steady; picked bellies, sac;
shoulders, &c; hams, 9G919c. Lard quiet,
stronger; western steam, 4671ac; city,
A AEa. Dot & AEa.
continent, SC; South America, 535c; COM
pound, 45s047sc. Pork quiet firm; new
mess, $3.50. Butter quiet, unchanged;
state dairy, 11@18c; do creamery, 121a@2Oc;
western dairy SQ12c; Elgins, 2Oc. Cotton
seed oil quiet; barely steady; crude
22l3q2Sc; yellow prime, 26l5c. Rice
firm, unchanged. Molasses steady, I'M
changed. Peanuts steady; fancy hand
picked, 3%d4c. Coffee firm 1925 points
up; November 1900; March, 9.55q9.70c;
| September, 9S5c; spot Rio dull, steady; No.
Z, 1O24c. Sugar, raw, fair refining, 2ssc; re-
fined Unchanged moderate demand.
Freights to Liverpool market quiet and
firm.
Chicago, Oct. 23.-Wheat is sinking in
price so rapidly that even its most de-
voted friends are beginning to desert its
cause. Yesterdays rally from Thursdays
| weakness induced a moderate return OF
confidence, but to-day's break not only Oft
| some of the most pronounced and con-
| slant bulls. Liverpool was not content to
| only disregard our yesterdays improves
ment, but cast additional gloom over the
minds of holders of wheat by declining
! from 2Ad to 21ad. This was the all-iTn-
| portant factor in this market during the
! days session. The cash wheat situation
was somewhat relieved, but there was still
| a very much congested condition reported.
| Money with which to carry the grain Is
! badly needed, and the stringency is most
| discouraging. Ordinary news pertaining
| to the market cut little figure. December
| opened from 70ssc to zoe, sold between 707sc
! and sec, closing at 69a4c-32sc under yes
| terday. Cash wheat was weak and &c per
| bushel lower
Corn dropped in price through the in
| f1uence of the Generalization existing In
| wheat. There has not been any extraor.
| binary buying on the recent bulges, so
| that the break did not bring out much
| corn. May corn opened from 277sc to exc,
sold between 2S1ac to 275sQHs4c, closing az
| 28Ac-AQ3sc under yesterday. Cash corn
was easy and Ac lower.
| Oats were cheaper to-day than yester-
| day, the reduced prices of wheat and corn
| drawing the value of this grain down WITH
them. May closed sc under yesterday.
| Cash oats were weak, 1401hc lower.
| ProVisions-A strong hog market con-
| Veyed strength potent enough to sustain
and advance prices of product early II:
the day. The break in wheat finally e1-
tended an easy tone to this market. jan
uary pork and ribs closed 7lac and lard
22c higher.
Leading futures ranged as follows: