The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-17

CHICAGo-Corn was the big market
on change to-day. heavy buying, in
which outsiders were permanent, causing
a &c advance. Wheat was affected by
the favorable weather and crop reports,
closing at a 1hdlAc decline. Wheat
followed corn &c higher. Provisions
were weak throughout and declined
about l0c all around.
Wheat commenced the days business
by drop OF &c in the price OF July and
followed 1t up by climbing hence hand
over hand. II then gave half cent dive.
Tho opening prices Of July were 69ikg
exc. compared with yesterdays close
OF 69Xc, from the advance to 69hc, then
down to 69c and for a while II revolved
around 69hc. The unexpected firmness
abroad after the weakness here yester-
day gave the market some strength and
II also got some help from the light
northwestern receipts. lSI cars, against
500 the same day last year. The home
crop conditions and the dullness In the
speculative trade proved sufficiently
bearish TO offset the early strength the
market derived from the better foreign
cables. The weekly weather crop bullc-
tins were uniformly beariRh as to wheat,
showing the spring crop to be making
good progress and the winter crop near
~ finished and in good shape with har-
vcsting completed IN some areas and 4
prospect that by next week, new grain
will be coming IN freely.
After lingering around 69Mc for time
the market took another whirl. July
touching 6gkc on the buying furry.
Corn had In the interval become very
strong and had much to do with this
bulge. Receipts here were SO cars and
1900 bushels were inspected out OF
store.
Liverpool reported an advance OF I'd
in July and I'D I'm September, Paris n
decline OF from 10 to Is confines and
Antwerp no change. Clearances OF
wheat and flour from Atlantic ports
were small. the total amounting TO only
l2s, 900 bushels.
Another drop from a greater height
and TO greater depth than the first sig
nallZed the last hour OF trading. July
wheat came out freely and It looked like
liquidation OF bull holdings rather than
short selling. July sold down TO 6SSc on
this slump, but by closing time had re-
covered 10 ssh G6sAc.
Corn was surprisingly strong and had
the active support OF the elevator interest
and the best informed people on the
floor Trading was heavy throughout
The market at the opening and for some
time after was weak on the splendid
weather and uniformly favorable crop
report. but heavy general buying OF
which n great proportion was from the
outside, ultimately turned the market In
the other direction. Receipts were 4ii
cars. July opened hc lower at 24lsc,
sold at 2i%c. then advanced to 254c, The
close was firm at 25hc.
Oats sympathlzed with corn and fol-
lowed that market closely. Trading was
very fiat until corn made It's bulge when
some Improvement was noticeable. The
market was without Independent feat
ures. Local receipts were reported at
225 cars. July opened n shade lower at
lShc. sold at lShGlSAc and rallied to
Is4s dlskc. where II closed.
Provisions opened weak on the eX-
tremtly heavy hog receipts. some 1900
over the estimate and ruled weak
throughout the session. The market
was almost entirely without support. bu!
trading was dull which probably pre-
vented n more material decline than was
chronlcled. At the close July pork was
lOdi2lLc lower at 81 IS: July lard Toe
lower at 50 62ia and July ribs Ils@lOc
lower at 81 30Gi 37e.
Estimated receipts Thursday:
whcnt cars; corn 500 cars; oats 30
cars; hogs $4,000 head.
The leading futures ranged hs follows;