The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-13

and then the bears went In and were
stu battling in an irrcsolute way at the
close, standing lSc In their favor at
the call OF time Crop damage reports
caused the early strength and realizing
was the principal reason for the decline.
Corn was a shade easier and &c lower
In the end. Oats lost trihe. but aver
| aged firm. Provisions were rather
weaker but changes In price was in the
end very slight,
For u few moments after trading
started In the wheat pit the marke,
showed signs OF weakness. not from
any particular cause outside OF the nj
most perfect weather. but from belief
that some substantial reaction from the
advance OF the past few days w0sabout
due. This feeling. although nor taking
on the proportions OF general move
ment was sufficient to cause July 60
open shade lower NJ 73Sd73llc and to
force II down soon after TO 73tc. only
for short time. however, was the
weakness apparent II was the same
old story OF crop disaster. not only at
home, but abroad and the buying which
started on these reports and which In
creased In volume as the session pro-
crossed, carried the price up to 7t&c
before II O'Clock Damage reports
from California were OF the usu al
gloomy character. but those from III
nOis were stlll darker. The area sown
last fall was 1.7i9.OOO acres. and all OF
that left standing, according to the state
report Is $4,000 acres. The condition
or that small remainder Is 81. indlca ting
roughly crop OF about 1900, 900 bushels,
compared with yield last year of IS.
100000 bushels from an average OF l.
| $4,000. 1t was said that the French
l 90. gh
from last year. which II true would
compel that country to export at least
50, 100000 bushels.
Chicago receipts were % cars. MIN.
nenpolls and Duluth received 267 car
loads, compared with 29l a year ago
and 3G2 on the corresponding day OF the
year before Clearances of wheat from
Atlantic ports were equal to $4,000
bushels. New York reported good de.
mand for wheat on foreign account, BY
the time the price had reached 7I&c
shorts had about disappeared, and re.
ports OF showers in California easily
broke the market at f3xc. These re.
ports were nfterward contradicted and
4 recovery to 73hc ensued. That was
the price asked at the close.
Corn was firm during greater part
OF the session and only eased on when
| wheat weakened. Country houses did
most OF the selling. The cash trade was
/ good and did much to steady the mar
kct. Exports amounted to $1,000 BUSH
els. July opened a shade lower at 25Shc
sold to 25i4@125ssc, and broke TO @Jbc,
closing easy at 25lkG25Ec.
Oats were strong early on covering
and with wheat. The market yielded
later on realizing. the selling becoming
heavy after the decline started The
shipping demand, so sharp all weak.
showed n pause to-day, July opened a
shade lower at lShdlS&c, sold between
Isle and lSc. and closed at lShc asked.
Provisions were easier at the opening
on liberal hog receipts here and further
west. Trading was very duh, but
enough support was given the market
TO cause recovery Of the slight initial
decline. except In lard. At the close
July pork was 2ltc higher at $3.50. july
lard was 2l5o lower at 3.sIlsc and July
ribs unchanged at 4.65dL6iIsc.
Estimated receipts Thursday:
Wheat, cars: corn, 1875; oats, 40:
hogs, $4,000 head.
The leading futures ranged as follows: