The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-12


CHICAGO-wheat had varied ex-
perlence to-day The government crop
report pulling one way and bad Califor-
MIA crop reports and large export busl-
ness Juggling In the opposite direction
made a decidedly turbulent market OF Il.
In the end July had advanced &c. Corn
and oats were remarkably strong gain
ing isc and nc respectively. Provisions
were easy. but no material price changes.
Wheat showed a. the opening the dlS-
npp1lntmcnt felt by the crowd at the
government crop report issued yesterday.
This and the fact that Liverpool was
lower at the opening started July NJ t2A
ITg%c. a decline Of %aAc from yester-
days close and under the liquidation
which started further decline to I2c
took place at once. But the reaction was
a. sharp as the decline had been. THIS
was due primarily to sc federation OF
crop damage from Cbuf5rnia and was
belpcd along by quick improvement at
I,ivorpool. Another matter that went 4
long way toward celebrating the bcarish
cfTe,t of the government report was the
elimination by the board OF No. . spring
az a contract grade July was soon
wanted a, 72isc but dropped back 70 Il'sc
before good higher II had several rapid
and material changes after that II rose
10 PIC and declined 10 INC, then back
again 10 72N, nll OF those before II
o'clock, The leaders In the trade were
very much mixed about the market as
may be Judged from the sudden plunEca
II made being 50 suddenly followed By
lmpuIsIvc rebounds. Chicago received
ii cars. Minneapolis and Duluth got ia9
cnrs, compared with 399 week ago and
SIS the corresponding day OF 1896 Brad
strcets' reported reduction for the week
In the worlds visible OF 1891 900 bushels.
The market continued very variable dur
Ing the entire session but with good
IPaI OF confident selling on hard spots,
About twenty minutes from the close,
July was hanging around I2Ac anu the
market very quiet
During the last twenty minutes the
market became suddenly Wild and eN-
cited and July shot up from 72hc TO 7Slfc,
The demand for the moment was cuor-
nous The reason given for II was q
yngue rlim1r that 100 boat lold'-equnl
Il, 500 900 bushclE-had been taken al the
scabonrd for export, The closing was
nervous at 73Isc asked.
Corn was not very brisk In the trading
hut Il was very strong. II opened In a
hesltntlng way hut soon began 10 I'm
praye and the best prices OF the day were
M the close Shorts took alarm at the
frmnoss OF wheat and the continuance Of
recent small receipts. July opened a
shadc lower at 2iA G2iNc and advanced
10 and closed At 25AI2iEc. Exports
amounted TO 709.OO0 bushels.
oats were firm with May particularly
lfrong the principal influence being the
,trenpth OF wheat. Il was largely a
changing market The demand for ship
mcnt was good but offerings were scare,
Eypnrts were 2lA, 900 bushels July OPEN
Cd 10 lower at i7Ac and advanced AZ
iSHc. where II closed.
Provisions we're again extremely dull,
with an unlercurrent OF weakness on dc-
rouri Of liberal hog receipts ut western
receiving points Buying was scattered,
the nrmncss NJ grain preventing any ma
terIal decline. AZ the close July pork
was unchanged az s. G2ls. july lard
ghadr lower at 81 40 and July ribs 2isc
lower at 81 G5dl 67ls.
Estimated receipts Wednesday:
Wbent G cars; corn $50 cars; oats ijj
cars: hogs 10000 head
cash quotations were ms follows:
Flour frm.
Whcat-No. spring 7i%c: No. spring
Ike; No. 2 red g2A d95Ac.
Corn-No. 2, 2i%a25c; No 2 yellow
oats|No. 2. 1Sd1SHc No. white ga
ggibc: No. white 2Om22Isc.
Rye-Nn. 2, 3iiaGf3jc.
Barlcy--No nominal; No .. 27a55c,
Flaxsecd-No. ], 77i=mi9c.
NEUTRALITY-SUSPICIOUS. s. 90.