The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-30

\ alternately and kept on the jump, the
few traders who had nerve enough TO
keep hold Of the market. II closed at an
advance OF &c after roaming over
rnnge OF &c The weather played quite
Rn important part In the gyrations or
tho market Corn lost lie and oats
the same, while provisions advanced
2isG1ac.
Wheat started as It did yesterday with
a general feeling that a rally was about
due. July opened Mt an advance OF
from sc 10 &c. the first trades being Mt
| 70i4 ffTOs.c with one or two transactions
ns high as 70Ac. That was the highest
price paid In the FIRST two hours Of the
session. but In that time the market rose
and fell In manner that was bewllder-
ing. not 10 say dangerous. one feature
OF the speculative market was the grad
ual disappearance OF the May premium
which was about cent at the opening
but before noon was nearly all lost. The
opening firmness was partly due to the
bad weather. frosts being reported In
Kansas and Nebraska and more rain
In the northwest while the English mar
kct was holding with more steallness
than wns expected In view OF the decld-
ed break on this side yesterday But the
advance started free realizing sales ana
the market once started, went TO 6slsc
In hurry. The scalping element In the
crowd have largely deserted the market
and with business thus reduced II takes
very little TO start It running away
Aftrr the decline to Gglac, the market
turned. The recovery was gradual at
Rrst, but became more pressing about an
hour from the close, by which time July
had risen TO 7llkc San Francisco ad-
vices reporting dry weather continuing
and temperature rising had something
to do with the strength that developed,
and a private cablcGram from Berlin re-
porting strength OF that market due TO
Continuation OF drought in Russia was
another factor. Liverpool closed weak
at 3GiEd decline. Northwestern re-
ceipts at Minneapolis and Duluth were
! 800 cars. against 507 week ago and go
| Inst year Chicago receipts were four
carloads. Atlantic port exports OF wheat
and -four were equal to ouly 5000 BUSH
els, a late report from San Francisco
giving the signal service as predicting
| the possibility OF rain tomorrow,
caused the market to take another sud
den tumble in the last half hour, July
winding w the day at 7O9Sc bid.
Corn was quiet and easy with some
Nav pressure. The wet. cold weather
had a strengthening effect at first. but
prices weakened easily to liquidation
which started ON predicted weather i'm
provement tomorrow and consequent
| Increased receipts The shipping de-
mand was slow Exports were $4,000
bushels. July opened unchanged At
s5ss C. andslowly sold down TO 255tc where
Il closed.
In oats. liquidation Of May on libernl
scale was the cause OF the weak mar
ket. There was good demand at the
decline. but not enough 20 absorb offer
ings and the market was weak through
| out. Exports were 10000 bushels. May
opened unchanged at lSsc. II declined
/ 10 l7Ec and reacted to iSsc, where II
| closed
Provisions had a rather easy start due
| 10 the weakness OF hard prices. but the
market soon became firm and remained
| so. Prices have declined for three days
and to-day saw natural reaction. The
| Cudahys led the buying. At the close
July pork was TIC higher at IS IS. July
| lard about Sc higher atd l7isdi 90 and
| July ribs TIC higher AT 81 20.
Estimated receipts Friday:
Wheat 1 cars: corn 206 cars; oats 30
cars: hogs $4,000 head.
/ The leading futures ranged as follows: