The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-05
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tlmate and was somewhat remarkable
in view OF the fact that only o few days
ago the crop was estimated at much
larger figures by Thoman's. Other
markets were weak from the beginning.
corn declining N0kc. Oats declined Nc
and provisions 7ltGD12aSc,
india bidding for two cnrg0eS OF
California wheat OF c0ast," IN England
was the reading OF a cablegFam which
had much. to do with strong desire TO-
buy May wheat disclosed RBelf at the
opening. Besides that and perhaps Of
It, Liverpool quoted an advance OF ID
perennial each for May and July III.
lures and I'd gain for September,
Spring wheat going from Chicago for
mlllers' use in Kansas and red winter
wheat at o great premium over May
price from Detroit to Jacksonville, ILL.,,
were such pictureSquelY original char
acteristics OF this seasons trade that
they had more than q passing interest
In the current OF the traders thoughts,
Argentine shipments were again very
small, but this has become so common
an occurrence a. to excite but little
comment. The quantity exported
thence to the United Kingdom ana
continent this week was only $4,000
bushels, compared with 688,0O0 bushels
ON the similar week Of the year before.
May wheat opened at 7l%@fIlac, as
against 7Ih97lc at the close yesterday.
It roSO In the course OF the tirst hour
to T1&c. Character OF the early news
kept the market strong until about for
ty.ilVe minutes from the end OF the oeB-
sion when q bearish estimate OF the
growing winter wheat crop issued BY
the modern miller Of st, Louis knocked
the recently erected bulllsh sentiment
completely of It's pins and again sent
skeptlcISm OF bad crop reports scam
perlng around unbrldled.
The estimated winter wheat crop OF!
the authority 10 SW,0OO0OO ouShels.
nEainst 27O,OOO, 900 bushels estimated to
have been harvested last year, and
compared with Thoman's estimate OF
$50 COX, 900 before the coming crop. Not
wlthStandlng all that. however, private
reports from this state was generally to
the effect that the wheat crop was all
but n total loss Country milling de-
Fnand was again good and inquiry from
the southwest were numerous. The
sales OF the day to nllllers amounted to
10000 bushels. Nothing was reported
sold for expectation yesterday. After
the receipts OF the modern miller estl-
mate the price broke quickly 10 IVAc.
then gradually to 7OSc. 1t closed az
JQnWIU5SC. corn was WeAh' SutE - tSS
opening was any strength displayed.
That was through sympathy with
wheat, which was soon disslpated by
liquidation which was kept up persist
emily oil day. Country roads were SAD
to be improving and farmers already at
work In the field. May opened shade
higher at 24&62I36c, which was the
high point of the day. It gradually De-
clined to 2lHc and closed at ?4h0244Sc,
Oats flrm at the opening. but under
rather free selling by local longs ana
through sympathy with the break IN
wheat and corn. prices fell on az once.
For q short session fair business was
transacted. May opened shade higher
al l7N bl7iSc, sold of 70 1f0lIhc, and
closed at IfMc bid.
Provisions were decidedly weak all
day. Lower prices at the yards gave
the market weak opening and under
free liquidation, particularly by the
packers, prices declined steadily. The
cash demand was poor. At the close
May pork was 12hc lower at s. 80; May
lard TIC lower. at 81 17lE and May ribs
about iOc lower, at 81 IS. Estimated re-
celpts Monday: Wheat. 10 cars; corn.
2l0 cars; oats. 225 ears; hogs, $4,000
n: TSe leading futures ranged as follows: