The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-31

CHICAGO-Wheat was very weak all
through the days session and closed at
a full nc decline. The weakness at
Liverpool and heavy northwest receipts
were the factors In the decline.
Corn. oats and provisions were not
effected by the weakness OF wheat.
Corn and oats closed q shade lower aud
provisions about eye higher.
In wheat, everything seemed to be
against the bulls at the opening. May,
which closed yesterday at TS1sc, opened
with sellers at from i2&c down to 72&c;
not many at the latter figures tust then,
but plenty Of them at i95sc, which be-
came the regular trading price for
few minutes. In about IN hour and q
half from the start the price was down
to Tl%c.. The Liverpool quotations be-
fore this market opened were I'D lower
than at the close yesterday. Minneapos
lis and Duluth receipts were III cars,
compared with 40 Tuesday q week ago
and 4iS the corresponding day OF last
year. The Thoman report differed radl-
cally from Shows report, thus confirm
ing what had been rumored about It
yesterday,
Thoman gives the condition higher
than year ago with a promise OF &c.,
0OO,O 900 bushels at the harvest, while
Snow gives the condition loWer-wIth
one exceptlon--than ever known before.
This radical difference IN the judgment
OF supposedly trained experts evidently
disguised the trade with figures and
little attention was paid to them.
The figures on the northwest receipts
were very depressing. It was understood
that New York operators had a good
many selling orders here and that they
were being pressed on the market; eX-
hausted margins and stop loss orders
also played conspicuous part In bring
ing about the break.
One OF the seyerest blows dealt the
bulls was a late private cablegram,
quoting another hd decline at Liver
POOL. Bradstreefs report on the worlds
visible gave the decrease for the week
at 1851, 200 bushels. whereas 1900. 600
bushels or more had been looked for.
There was a rush to sell upon that In
formation and May which had recover
ed 10 72c, tumbIed instantly to ll$c
for the second time. II was found, hoW-
ever, that the 1856. 900 bushels decrease
applied only 10 stocks In this country
east OF the Rockies, the changes for Eu-
rope and on ocean passage not being
forthcoming The price recovered a tri-
ne on that, but the bears were In too
thorough control Of the market for any
Kind OF bull news to have any ettect
and during the last Few minutes re-
newed liquldation set In. May, after
touching 71isc, closed weak at 1lh9
119Sc.
Corn was remarkably firm consider
ing the weakness Of wheat. Fluctua-
lions were extremely light, however,
and shorts were the best buyers. Livers
pool came higher, to-mOrrow's receipts
were expected to be light and exports
were large, 6S5, zoe bushels, all OF which
made a steady market. May opened a
shade lower at 94&62lMc and did not
gel on either side OF those figures all
day The closing quotation was 24&@
24Eac bid.
Oats were extremely dull and unLn-
teresttng There was no especially IN
tiuential news and tho tendency was
generally toward easier prices. The
market had some support by people who
put out short lines yesterday. The
visible supply decreased Sfl,000 bushels,
se0bonrd cieRrances were $1,000 bushels
MAY opened unchanged at lIh0lI&c,
sold al 17Ik@l7Nc and closed at 11hc
Provisions were strengthened by the
receipts OF hogs which were even small
or than the small estimate. Armour
was credited with buying ribs at the
openlng but speculation as rule was
very quiet. The opening was at slight
advance, which was maintained all day.
At the close May pork was a shade
higher. at s. %. May lard 2hc higher
at 81 %, and May Ribs about &c higher
at 81 62hdl 6.
Wheat, 20 cars; corn, i0I cars; oats, llS
cars; hogs, $4,000 head.