The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-17

CHICAGO-Crop damage reports and
dentals OF them ran the wheat market TO-
day, the result being q net decline OF &c
for the May option. Corn was practlclI-
ly At a standstill and closed unchanged.
Oats declined &c, provisions we're again
strong and advanced 54i8c.
Wheat opened weak, the first few sales
Of May being made at from 73%c TO 735ic,
compared with yesterdays closing price
OF &c. The chief cause Of weakness was
the disappointment IN cables for not
outstanding an advance OF ! cent yes
teTdAy on the crop scare both Liverpool
and the continental markets were lower.
The opening weakness continued for
about half an hour during which time
May gradually declined to 730T3lc and
July to 7lI5c. That wa9 the turning
point and before u o'clock the price had
recovered TO 74iE674I&c, though not With
out vigorous opposition. July led May
in the advance and indicated that all
was not well with the prospects OF the
growing wheat. That conclusion was
fortified by the action OF st. Louis. which
sent buying orders here in bundles and
gave crop damage reports az the reason
for their action. Earlier in the day dis
patches from Topeka, Kas., OF q semi
official character said that reports had
been uniformly good concerning prospects
Of growing wheat up to within two or
three days ago, but q few complaints OF
damage had been received since.
This was more comforting than the re-
ports OF widespread disaster from that
state yesterday, but Indiana, Ohio and
Illinois farmers send reports OF deStruc-
tIon from too many quarters OF those
states to admit OF anything but a bulllSh
effect.
Chicago receipts were 80 cars and the
amount inspected out OF store was lO2,OOO
bushels. Shipments hence by rail were
IO. S97 bushels. Minneapolis and Duluth
receipts $50 cars against S2T week ago
and 667 on the corresponding day OF the
previous year. Export clearaneeS from
Atlantic ports amounted to 100000 BUSH
els Of wheat and flour together.
Brldstreets' reported u decrease IN the
worlds visible last week OF 100000
bushels; 100000 of 1t on this side and
. s6i 900 bushels decrease In and atloat
for Europe. The slacknesS OF the milling
demand and the entire absence OF foreign
inquiry caused many other scalperS VINO
had profit In long wheat TO sell out ana
in doing 81 they Depressed the price Oh
May at the close to 1Sesc.
business In corn was very slack. The
dniIncss OF trading may be shown by the
fluctuations in the price which was bare"
Iy &c. Liverpool was steady on corn
and receipts were comparatively light.
which served to counteraCt the effect OF
the decline in wheat. The elevator In
te ter were the only sellers OF import
snce. Exports amounted to SO6,OOO BUSH
eiS May opened shade lower at 2iA9
2ISt and recovered TO the higher fraction,
where 1t closed.
The feature in oats was the increased
IIaiiidatlon by May longs, and was tho
main cause for the weaker feeling and
t%e inwer range Of prices, Business was
SUite heavy and the session active
tSrouRh0ut. May opened &c lower at
i X, 81 sold to lG9s 0l6fSc and closed at 16Hc
bid. ,..,.,,,,, .,,o,.
have been displayed for some days. me
gSmIIIar story OF small hog receipts
started the market with a rush; Armour
and Cudahy were both credited with be-
ing free and heavy buyers. Good outside
"Wnnnrt was also given. At the close
SSy nork was 1Oc higher at s. S2is; May
ia%S & higher at 81 S2ih and May ribs lOc
Estimated receipts Wednesday:
Wheat IA cars; corn ll6 cars; oats loo
cara. hogs $1,000 head.
The leading futures ranged rs follows: