The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-08

very heavy all day and at times almost
took on the nature OF stampede.
Corn and oats were naturally weaker,
corn declining lGlhc and cats &G Sc
Provisions closed at declines ranging
from Sc to l2hc.
The weak feeling In wheat which pre-
vailed On the curb yesterday was con-
tinued In an aggravated form to-day
Liverpool was called Id lower and Ber-
lin IL marks lower and compared with
Mondays closing prices the start here
was nt from &c to &c decline. IN less
than an hour the losses had been In
creased to l7sc per busheI for May and
lAc for July May opened at from
6sisc TO 6shc and IN that time named
went down to 67hd61%c. July from
Csc and 6SIkc. tumbied 10 G1Nc.
The bulls had evidently given up the
struggle to maintain prices. The incom-
prehenslblr character OF the statistical
Information was the cause OF the whole
sale abandonment OF long wheat which
caused the early decline. BradstreetS
publishing yesterday OF an Increase or
sG5S,0 600 bushels OK wheat and flour In
the visible supply OF the world during
the preceding week, when every detail
OF the daily international movement
had pointed to considerable decrease,
took from the bulls the last remnant OF
their faith in the statistics which had
been the basis OF their belief,
Apart from the decline In foreign
markets the early news was not pro-
luctiVe of unfavorabie matter Tor the
bulls. The Chicago receipts were TWEEN
ty-two cars and the quantity Inspected
out OF store 10000 bushels, Minneapolis
and Duluth reported this morning. ar
rival at 263 cars. against 39l cars We'd
he. a
corresponding day OF last year.
a London cabieETam reported SeheF-
ally unfaVorable weather In Europe.
AS regards the home crop much uncer-
talnty still prevailed. The reports OF the
generally flooded condition Of the north-
western spring wheat country was
enough to create uneasiness TO say the
least, with regard to the delayed seed
Ing operations up there, but that like
other bullish matters. was lost sight OF
In the commotion caused by breaking
prices.
Atlantic port clearances OF wheat and
flour for two days amounted TO the
equivalent OF $4,000 bushels, which
was light enough TO count in favor OF
the bears. Closing cAbiegrams report
ed a further lowering OF prices. As the
shorts instead OF covering on the early
weakness sold more and again renewed
that selling on receipts OF the continued
depression abroad, prices had a further
material break, May getting to 65Sc
and July to 65lsG6jfic about half an
hour from the close. The latest tr1ding
was at 6jEic for May and at 65sc for
JULY. Liquidation in wheat extended
into corn and that market suneredmore
than on any day for several months.
The market held comparatively hrm
during the firm scramble In wheat, but
when, after 4 temporary lull. the STAN.
pede began again, corn was dragged
down in the general wreck. Exports
we're again large, 100000 bushels May
opened nc lower at 2ihc and closed at
oats were strictly in the race md I'm
lshed a good third. sympathy with
wheat was the pace which the market
followed and there were independent
coachers in the shape Of liquidation and
short selling to keep up the rapid gnit
ON the down grade track. The aggre-
r1te business was heavy, May opened
n shade lower ~ l7ai7Sc and declined
20 1874 dl6ssc, which was the closing
price.
provisions were as weak ~ every
.binr else and Tor the same reasons,
Selling was general by all classes OF
commission people, evident liquidation
and there was no let up to 1t, nor any
support Of consequence given the mar
ket. NAV pork was l9i5c lower at
s. OTIs; May lard about 2isc lower at
81 O7iE, and May ribs about 1Oc lower
Estimated receipts Thursday: Wheat,
II cars: corn. 275 cars; oats, 500 cars;
hous %. 900 head.
Tho lecdiug futures ranged as ioIoWS'