The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-15


CH1CAGO-The reported buying by
Armour OF Letters northwest holdings.
together with the complaint OF damage
by rain In Texas and Kansas. held
wheat fairly firm to-day. july closed
with a loss OF 15!c and September &c.
Corn and oats left off unchanged. Pork
lost 1Tlsc and ribs 2H.c. Lard closed un-
changed. <.
The furry yesterday seemed to have
cleared the atmosphere on the board of
trade and to-day there was little TO re-
mind one OF the disturbance except
lower prices. The Leiter'dea, was gen.
orally considered to be dend and buried
so far as the trade In deferred futures
was concerned, but the obsequies OF the
cash end OF that remarkable specula-
ton were still TO be performed. Wheat
started not far from the closing prices
OF the day before the bulk OF the trans
actions. although few sales were
made at 3ac improvement in September
and December deliveries. Weakness
very soon developed, however, and july
sold down three cents and September
and December about 1hc each during
the following half hours trading. 1t
became rumored during the forenoon
that besides buying from Letter all the
June wheat the latter had coming TO
him, Armour & Co., had bought all the
cash wheat, held by the young specula-
tor In Minneapolis and Duluth. That
gave a little firmer tone to the pro-
ceedings In the pit. The gathering
strength was Increased when the rumor
referred to received the substantial con-
nrmation OF the president OF the ILL.,
nois Trust and Savings bank. To COM
plete the publish combination. the
weather was still wet In Texas. where
much OF the wheat Is In shock and, It
rained heavily In Kansas and other
western states where wheat cutting had
commenced. Liverpool contributed q
further item OF bullish news By cabling
that the wheat throughout east central
Russia was threatened with total fail
ure from drought and that the worst
was probable unless rain relieved the
situation within n week. The Liverpool
quotations. however. were anything but
bullish, giving clear indications of the
abandonment Of threatened July COR
ner in that market. july wheat there
was Is I'd perennial or the equivalent Of
&c bushel lower this morning than II
closed yesterday, but September was
only lower by the equivalent OF Inc q
bushel and December &c. The July at
Liverpool had recovered about &c q
bushcl OF its early loss before the close
Atlantic ports clenrances OF wheat and
flour were equal to $4,000 bushel. CHI
cago receipts were soventy=four cas-
against fourteen n year ago. Mlnneap-
oils and Duluth received 1871 carloads
compared with 30J last year. July. OPEN
ed unchan gcd to 1c lower Mt 7S@T9c;' De-
cember declined TO zee, rallied to 77isc.
the closing figure. September started
unchanged at sc higher ut 7lB011iGsc,
sold down 10 G9Ec. then ilrmed uo to
70S1709tc ut the close. w .iy Y !, =.
The continued showery weather and
the more settled feeling In, the%whent
pit created firm tone In corn: July
opened nc lower Mt 32MQ32Hc; sold up
to 39iac. down to 32c, then up to 32Eso
asked at the close lS.-
After a weak start oats ilrmcd up on
reports Of wet weather and talk OF
rnnkness. Prices at one time showed n
slight advance rs compared with the
close Inst night. July started nc lower
Mt 23isc; sold down3to 23NI23lac. rose
to ,237sb?tc. then settled back 10 23&0
24c. I.
Reports OF an Improvement In the yell
low fever situation In Mississippi to-.
gether5 with light receipts of hogs and
higher prices at the yards had Il strong
Influence IN provisions at the start. The
market reacted later OH selling by Eng