The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-07

mixed western, 22Q24c. Hay. choice. firm
shipping, 55c, good to choice, 7OGS0c. Hides
firm and unchanged. Wool quiet and un-
changed. Beef firm; family $9251l0. so;
extra mess, $7.259S25. Beef hams steady,
$lS.00dlS50. Tierced beef strong; city ex-
ira India mess SlS.50Q14.5O. Cut meats
slow; steady; picked bellies, 49sc; shout
ders &c; hams, ShqS9sc. Lard quiet. wes-
tern steam 4.071ac; January. 4.05c; new
refined, dull; continent, 4S0c; South Amer
lea, 4.60c; compound, 4%c. Pork easy
moderate demand; new mess, $S.25. But
ter quiet; fancy steady, state dairy, 100
Ice; do creamery, 146tl9c; Elgins, 2Oc. Cot
ton seed oil quiet, nominal; crude, 20c;
yellow prime, &c. Rice quiet. firm. un-
| changed. Molasses quiet. unchanged
Peanuts quiet. Coffee irregular, to 10
points down; February, 9.@d99Oc; March,
9.9OQ1000c; May, 10d10.05c; June, 10.10c;
July, lO15c; September, 1015d1025c; De-
cember. l0.30c; spot Rio dull. firm; No. z.
l0hc. S-gar, raw, duh, steady; fair refn-
ing, lS-16427sc; refined unchanged and
fairly active. Freights to Liverpool
steady; cotton by steam, 15-12Sd; grain by
steam. 3hd.
Chicago Jan. 6, noon.-Wheat, January,
79c bid corn, January. 23c; pork. January,
$50 asked: lard. May. $9.971s; ribs. Janu-
airy, $685..
Chicago Jan. 6-The bulls suffered com
plCNC iOul AO-udyt Tie HtdIhtL UtAIlB dlIHOSl
in panic. The amount of long wheat
sold regardless of the price was something
enormous, and had it not been for the
covering purchases by one or two commits
sion houses. the break might possibly
have been even more serious than 1t was.
1t was noteworthy that some of the larg
est selling orders were in the hands of
people who trade for st. Louis almost ex-
clusively There was. however, several big
lines sold for the Of local DTOfag-
s.onais No doubt the main inducement
for the southwest to pursue the course II
did was the recent heavy SHOWS and con-
sequent improvement In the position of
growing wheat in that section, The OPEN
ing was the highest and the close almost
at the inside figures. May wheat opened
from S3lac to S3ssc, declined to S12sc, clos
ing at S11zc-1%d1Nc under yesterday
Cash wheat was weak and &c lower.
Corn opened steady, and thereafter luc-
tuated mildly, taking motive and inspira-
ton from wheat Occasional periods OF
moderate activity were noted, but on the
average the trade was slow and listless.
May corn opened at 2512Q255sc sold be-
tween 259sc and 25l4025asc, closing at the
inside-AG3sc under yesterday. Cash corn
was strong.
The customary amount of local trading
took place in oats. There was, however.
the usual absence of interest and lack
of feature The tone and direction Of
prices were in sympathy with the ruling
action of wheat. May closed $sQ14c under
yesterday. Cash oats were steady, closing
nominally weak with the futures.
Observation-Disclosures marked the early
trading in product. Dealings were of mi
nor Importance. No outside orders coming
to hand and packers and professionals do
ing the bulk of the business. The hog
market was easy, which fact tended to
discourage buying. The drop In wheat
caused an easy tone to develop late in the
session May pork closed DC lower; May
lard, PIC lower, and May ribs, a shade
lower.
Leading futures ranged as follows:
Opening Highest. Lowest. Closing.