The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-18
GRAIN. PROVISIONS. ETC.


mendous excitement in the wheat market
to-day. Prices advanced cents a bushel
in little over two hours. Dealings ran up
into the millions. The shorts were COM
pletely stampeded and their orders to buy
flooded the market from start to finish.
War news and foreign buying were the
features which ocacsioned the tumult. The
latter was by far the heaviest seen here in
a long time No limit was set on the OK
ecution of the foreign orders. They SIM
ply said "Buy wheat" and 1t was bought
in at any tgure. During the regular mar
ket session May advanced from 75al to Use,
and on the later curb TO 1919 Other infiu-
ences were added in the export demand at
the close. Europe took about thirty-five
loads. The market was at fever heat all
day and let off at it's widest point. Total
sa.es were between 6,OOO.0O0 and 100000
bushels.
New York. April 17.-Flour very strong
and held l0Q15c higher, WITH buyers afrat1
to operate; city mill patents, $4.7OG4.95;
city mill clears, A70Q4S0; Minnesota pat-
ents, $4.O09420; Minnesota bakers, So 100
$40; winter wheat patents s4.45@470; win
ter straights. $4.05Q425; winter extras,
$3.15d3.60; winter low grades, s2.55d2.I5;
rye -four firm superfine, $3.50; corn meal
steady; yellow western, coo; CITY, SIC; Rye
steady; No. 2 western, &c elf. Buffalo;
car lots, 40GD41c. Barley firm, feeding &c
ley malt dull; western, 45Q54c.
Wheat, spot, stronger; NO. 2 red, (. o. b..
78c; options opened excited and higher,
advanced with few reactions all the morn
ing, and closed 15sQ1%c net higher. On
the curb there was another &c advance.
Trade was wild, strength was caused by
h avy foreign buying, short demand and
export business. April closed SOC; May,
Is 3-16G75% asked, closed T14c; Juno,
rs 7-16Q7B closed TIC. July closed 1880;
September closed T4s4c December closed
TIC.
Corn-spots firm: No. 2. 297sc; options
opened steady and with little feature, clos
ing unchana ed; April closed 239sc; May
closed 292sc
Oats-spots hrmer No. 2. 22Ac; No. ?.
21Ac; No white, 24i4q2414c; options dun
and nominally higher closing at &c adj
vance; May closed 21%c; July, 22Ac.
Hay steady; shipping, $4,000; good 10
choice, 7OG75c. Beef steady; family, $3.50
@10.50 Beef hams. sl950d2O.00. City ex-
ira India mess, $l3.509l4.50. Cut meas
irregular; picked bellies weak 5@5lsc.
Lard steady; refined steady; western
steamed, $A421a Pork quiet; mess, $500
$50; short clear S9.75610.75. Butter steady;
western creamery, boise; do factory,
SQ12c; Elgins, 171anlsc; imitation
creamery, 11nl5c; state Dairy, l3aI7c; do,
creamery, 14l,l7lzc Cheese steady. Rice
steady; domestic, fair to extra, 4ik6i6Bc,
Japan. 4%049sc. Molasses steady. Freigats
to Liverpool weak; cotton by steam, 1l-J2d;
grain, by steam, 2izd. Cotton seed oil
quiet, but firmly held; prime crude, 20c:
prime crude, +. o. b., mills, 15AQ16c; prime
summer yellow. 221ac better grades, 251sQ
261Ac prime white, 25lzd26c. Spot coffee,
Rio, firm; No. 7, 72sc. invoice; jobbing.
SIC: mild quiet; cordova, 13G14c. Sugar,
raw, dull; fair refining. 1890; centrifb
gal 96-test, 3 9-S2c; refined quiet; No. q.
Lice; No. z, 4c standard A, 42sc; con
fectioners' A, 42sc; cut loaf. SAC; crushed,
5lkc; powdered, 4#ci graduated, nc.
Chicago, H., April H-1'his was one Of
the record breaking days In the wheat
market. That article closed, after an
exciting days business at an advance Of
4lhc on the price il left off at Thursday.
The heaviest and most successful OF the
local spectators IN the business were on
the buying side and shorts were caught
and badly squeezed Other grain mark ITS
and provisions were Comparatively dull.
The strength OF wheat came almost en-
tirely from abroad.
The Leading futures ranged as follows
Opening Highest,Lowest.C Closing