The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-19

CHICAGO - Wheat had several
changes OF feeling to-day. Tho first
and last were buIlish, the market clos
inH with a Sole advance. Rumors
OF July manipulation which were free
~ circulated few days ago. were
again rife to-day and scared the shorts
to cover Corn followed wheat. closing
&c higher. Oats closed n shade lower.
Provisions showed decided weakness
and showed closing declines ranging
from 5dl5c.
Wheat at the opening and for a
while after was affected by the unex-
pected strength displayed by the Liver
pool market First cablegrams from
there reported wheat from hdIEd high
er, later dispatches gave the September
future at an advance for the day OF I'D
and July up Id. on this account July
which closed the day before nj 6Shc
started to-day at G9Isc. and sold up I'M
medlately to 69kc Wet weather and
small reserves OF old wheat were re-
ported In the United Kingdom, but
some OF the enthusiasm OF the local
buyers was dlssipated when the Liver
pool advance was reported to be mere
~ the result Of covering by those not
wishing to be short over the jubilee.
Chicago receipts were eleven cars and
the out inspection $4,000 bushels. Min
neapolls and Duluth receipts were 23T
cars compared with 5l5 last year. The
weather was OF the most favorable kind
for both winter and spring wheat. The
Atlantic port cIearances were small. the
quantity OF wheat being only 60.l3S
bushels and Of flour the equivalent Of
ls5, 900 bushels The closing cables
made the net advance for the day at
Liverpool Isd. The dizziness OF specu-
latlye trading, the favorable weather
for the domestic crops, the small eX-
ports for the day and the changing OF
long holdings Of July to September
combined 10 wear away the hope OF per-
mnnent Improvement, which the open
ing advance mt Liverpool had raised.
Prices began to drop and July had got
down to 6shc by 1870 o'clock. Some
cngh business for prompt shipment was
rcported, but Its quantity was not large
enough during the forenoon TO rc-en-
force the bulls. Later the bash business
was reported at $4,000 bushels and
speculative market began to improve
Wheat contributed chiefly, however, to
tho strength with which the market
closed was n renewal OF the rumor con-
Meeting the name OF Armour with the
JuIy deal This drove shorts to cover
In n hurry. July advancing 10 6S3sa6sc
by closing time.
Corn was firm Mt the opening with
wheat and the cooler weather here.
AdyIccs from the country, however.
showed such n marked Improvement In
crop prospects that the trend OF prices
was downward during the morning
Later I'm the session n good export de-
mand was reported and when wheat
commenced It's final bulge, corn follow
Cd the market ruling quito Arm during
mo Inst half hour. Local receipts were
IN cars July opened &c higher at
az, sold ut 2iIkq25hc declined TO 'Ac
and recovered to 25Ac where II closed
Onis we're dull all dav with nothing
hut n scalpinE business doing and even
tb,t was OF small volume. Prices kept
y,iihIn nc range the SLIGHT decline
bcIng due more "a lack of trading than
to notys OF a bearish character Receipts
wore posted at go cars. July opened a
shade hluhcr Mt iShc, sold between
IsI, aisle and isMc, closing at lShc
Provisions opened lower on the large
hog receipts Prices held comparative
iy firm Tor n while. but later the mar
10, grow radically weak on general
"SiIIng and poor support the close be-
Inc near the bottom Of the days range
rbc selling was apparently caused by
,hc dIgnppointIng cash demand. At
,%e close July pork was l5ttl7iac lower
-, u IN. July lard &c lower NJ - 6Ils
Anil IuIv ribs 30 lower At 81 -.
Estlmatcd receipts Saturday; Wheat
10 care corn, 62j cars; oats, 30 cars;
hogs, rs 900 head.
Ea1h quotations were MS follows:
wbeof"No' spring 7Oa7lc; No, 3
spring 63a7i5sc; No. red 7i977c.