The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-03

CHICAGo-Raln in California and
favorable weather present and pros
pective for spring wheat seeding, to-
Cether with an absence OF eN-
port demand the influences under
which wheat declined likc for
July to-day. other markets fol-
lowed the same course corn de-
lining &c, oats about the same and
provisions 2isglOc.
Wheat started easy at n slight decline
on the rather tame response OF the
foreign markets to the good advance
here yesterday. and the heavy receipts
in the northwest. July opened at ia
aTl&c. compared with yesterday clos
ing price OF IKE, and under liquidation
which started at once II was hammered
down 10 TlIc. Then the market turn
ed and in half an hour July climbed up
to72Is at72Lc. the highest point reached
during the session. The deliveries on
May contracts We're conspicuouSly
small the total not exceeding 10000
bushels. II has been many years since
such small figures have been seen anu
bulls were quick to sicze the advantage
which this fact gave them. After that
furry, however, the market commenced
10 sink. Il was the same old story,
dun trading and what little there was,
being mostly selling on the advance. BY
II O'Clock July had declined TO ilhc.
Minneapolis and Duluth reported 20
cars against SS5 n week ago ana SOl the
corresponding day Of the year before
The Liverpool market was from 1sd 10
%d higher. Chicago receipts were 10
cars. Argentine shipments for the
week were $1,000 bushels against $4,000
bushels a year ago. Country elevator
stocks In the northwest. which month
ago were reported at 10000 bushels,
were given to-day as only 100000 BUSH
els. A bulllsh Missouri crop re-
mort was received about II
o'clock. but had very little effect
n rally only OF &c resulting. the
market then again sagged, finally get
ting down to 70isC, shortly before the
close. The closing price was I0Ac.
Bradstreets report OF wheat and Hour
shipments for the week from both
coasts put them at l,l5S.SS6 bushels
against / .G54. 900 bushels the week before
and / .eGO. 900 bushels u year ago.
Corn was weak with wheat and better
weather In the west. There was a slight
narrowing OF the spreads as result or
small MAY delivery. Little interest
was manifested. the only strength the
market showed being during the early
advance OF wheat This was soon lost
under sharp liquidation. Exports Tor
the week were 3.657OOO bushels. July
oprned a shade lower at 2j% a2J7sc,
sold AT 2JsSQ2jizc. and declined TO 25c,
where II closed.
oats weak with most OF the profess
SIGNALS large sellers. Heavy local re-
celpts and sympathy with corn were
the Influences. Trading was quiet until
the last half hour. when liquidation pc
came heavy. July opened unchanged
at l7adiSc and declined TO l7i., clos
ing easy at l7Ac,
There was a small provision market
Fluctuations were narrow and infrc-
quent with prices showing i tendency
toward henviness on the large hog re-
celpts at most western markets. The
weakness OF grain also had some cncct
Al the close July pork was 2i+c lower
nj s. co: July lard about &c lower at
81 l7ls and July ribs about loc lower at
s. Gj bid
Estimated receipts Monday:
Rhent 10 cars. corn 200 cars, oats s53
cars: hogs g. 900 head.
The leading futures ranged as follows: