The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-10

from X to Sc decline pcr bushsl. May
commenced at $3.50 this morning, and
july mt from Gj7s to GGAc. 'For about
twenty minutes the tendency was
downward. until at Gee The price for
both months came together That
amaigamatlUn or the quotation did not
last over two or three minutes how
ever. and when they separated It was
found that July had changed places
with May. in nsmuCh as during an Hd.
vance Of lC per bushcl in May which
began after touching GGC. II lead July by
a nh" over &c, for when May touched
&c. July could not be sold for more
than GSis@G6Nc The highest quota
tians referred to were made about II
O'Clock, and by llI5 the prices were
down again to 6Gisc for May and sc for
July
The advance was caused by fresh
batch Of Kansas crop damage reports
and the strength OF the ST Louis mar
ket, from where they were sent Min
neapOlis and Duluth received 3G cars
against $50 laFt week and the same
number year ago. The large export
business reports yesterday - 100000
bushels-=was received with ConsideTa-
bic suspicion by traders. Tht Liver
crease In European stocks and Quanti-
" ahoat from March l to April !. at
100000 bushels, which was much too
small Il dimnution TO be considered
other than beaFish. About l. o'clock
a stampede of holders commenced
which In fifteen minutes tumbled the
price Of May 60 6Ii4c. Closing cables
were no weaker than those received
earlier In the day, and the only cause
for the fresh break, which threw every
thing into decentralization again was the
inviting field for short selling which Il
market so devoid OF support from out
side speculation displayed. The break
was partly due to the closing out OF
about 10000 bushels Of long wheat
held for New York speculation Nu-
merous orders to stop long wheat losses
at Csc contributed to the drop below
that point. Closing price for May was
645sc and for July Gii4c. The latter sold
as low as 6lSc.
Corn ruled weak. offerings to arrive
being liberal and demand rather slack.
There was increased May liquidation
and trading became heavy when stop
orders were reached Gables were bet
ter. but the influence OF the wheat
break was too strong TO be removed.
Exports We're large again, 13S.OOO bush
els, May opened a shade lower at 231.c,
sold as low as e2&C and closed weak at
22aH23c.
shorts were good sellers OF oats and
with the assistance OF quite heavy IL
quotation by the long" element on
stop orders caused a very weak market.
Buying was urgent. nevertheless espe-
cially by the elevator people. and busi-
ness was large. The weakness in corn
and wheat and prospects OF large re-
celpts were features OF the decline. The
exports amounted to $4,000 bushels.
May opened about unchanged nj lGi=d
l6&C and closed with sellers at lJ'sm
l6c,
Provisions opened strong and higher
on better hog market at the yards.
Packers were the best buyers, Armour
being reported as large buyer OF
cash ribs. which ruled at JulS prices.
Cash trade generally was reported good.
both here and at outside packing
points. Good support was given the
market all through the session and
priccg ruled firm. At the close May
pork was about lOc higher at IS 20. May
lard was about Sc higher at 81 l2la and
May ribs about 7lsc higher at 81 559
4 57ls
Estimated receipts Saturday: Wheat,
cars; corn. AS; oats, lS5; hogs, 10000
head
Cnsn quotations were as follows:
Flour quiet
red SOS
Corn--No. red 22Is G2Sc.
OatY-Nu . lGc: No. white @0E8
g!c: No. white l7&a2OAc.
Ryc--No soc
Barley-N No. nominal: No. ; %Iitc:
No ! &c.
FLAX sccd-NO 72ITIi4c,
Timothy sccd-Primc s. g.
Mess Purk-Pcr Dbl, IS l5HS 90
I.ard-Per 100 Tbs, 81 lOHA l2is.
Short Ribs Looscl 81 IOa4 42is: dry
sailed shoulders (boxed) ilsTjisc; short
cleur sides CboNcd) 4AMiAc,
Whisky DIstillers' finished goods
per gallon 81 IS.
J.0ic. ,
Butter-Stcady; creamery l4@lSc;
dairy 9TlGC
Chccse-I'irm at lOls@ lOAc.
Eggs- Firm: fresh SHSAc,