The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-15

by foreign crop reports Of a bearish
character and dry weather west, the
market closing NJ a 1%Wlk9 advance.
Corn and oats followed wheat, scoring
advances ~ about &c each. Provisions
closed I0diTisc higher.
Wheat opened strong and exhibited an
amount OF buoyancy that surprised even
the bulls themselves. High temperatures
Were reported 10 have existed through
out the northwest yesterday and as the
present Is considered a critical period
FOR the crop, fears Of drought damage
were prevalent among shorts. The real
cause for the opening strength. however
and Tor the sharp advance which SUISSE
quently followed was to be found IN some
private cables on the condition OF the
Danublan and Indian crops. a Lohdon
cable TO President Baker contained the
statement that the damage TO crops IN
the Dauubian country was not fully APP
preciated. and estimated the shortage al
least Is per cent. The Central India otti-
c!al report made the crop 30 per cent be-
low the average. July opened AZ sc,
against Saturdays closing price Of 6SSlW
6s5sc, but very little could be obtained
until buyers had advanced their bids TO
ess,c and Il rose O. zoe before the excite
ment subsidized for a while. In this Hurry
shorts we're active buyers. one peculiar
feature was the lack Of outside trading
the market In fact being almost entirely
a local one. Liverpool was unaffected at
inc opening by Saturdays strength
there. being quoted without change and
Pnris at a decline. with hot weather
both in England and France. The guam
tity OF wheat and flour In ocean passage
decreased l.l20, 900 bushels, for the week.
The weeks shipments from all export
ing countries to Europe were a,S:2,OOO
bushels. compared with 100000 bushels
the corresponding week OF last year. the
domestic visible decreased LIZA, 900 bush
eIs. against n decrease OF $4,000 bushels
the year before. Chicago receipts were
three cars Minneapolis and Duluth re-
ported a total OF 293 cars. compared win
800 last week and SIG on the correspond
ing day Of the year before.
After the market had reached Ioe for
July holderE were more willing TO let SO
and realizing sales caused gradual re-
action to 69Sc Then the marke; turned
strong again. Outside markets were all
exhibiting strength. notably St Louis.
Offerings ceased suddenly and half an
hour from the close July had advanced
10 7OSc. Offerings became freer after
that, but prices were well maintained
notwI,hstandIng July was selling at
7Oisc at the Close.
Corn was cctive and strong. helped by
the advance IN wheat and by some
drought talk from the west. The In
creased trade was also a factor. The
hot. dry weather caused shorts 10 cover
freely and prices after a momentary
hesitation advanced steadily. Receipts
were reported At $50 cars. July opened
unchanged at eii7d2iSc, advanced at
25Lc and reacted TO 25Ac, where u
closed. The visible increased 2.62l,oOO
bushels.
oats were quiet and developed no feat
ures OF interest. The strength was part
Is through sympathy with wheat and
corn and partly on the hot weather and
TOO little rain. The visible supply In
creased 32T. con bushels and local stocks
Increased 81, 900 bushels.
Receipts amounted 10 30i cars. July
opened shade lower AZ lSc and ad-
vanced 10 1Sisc. That was the closing
price.
Provisions opened weak on the unex-
pectedly large hOg receipts, pork espec-
ially suffering The market rallied later
on buying led by Cudahy and n better
general feeling caused by the advance
In grain Al the close July pork was
about IKE higher at 81 67iE6I 20: July
lard Zoe higher az 50 I5d3 ~ and July
ribs i2ilc higher al 81 I7lz.
Estimated receipts Tuesday:
Wheat is cars: corn $40 cars; oats 400
cars: hogs 10000 head.
The leading futures ranged as follows: