The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-13
i,r,nd.,nfI. .,,d ProyI,lon,. 3

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cHIcAGo-1Hheat 70 day closed at
an advance OF lss9ls.c for july. For
the second daFiin succession California
crop damage reports of sensational
character had an important influence.
The California reports and an enor-
nous continental demand made
strong market. Corn and oats were
helped by the strength of wheat and
closed at q slight advance. Provisions
were dull and lef. OFF at a triiilng de-.
cline. !,
The government crop report showing
q condition OF So. compared with SIS
last year, was responsible In the main
for the, easy feeling which marked the
opening In wheat, The report did not
estimate the area planted, but It is
generally believed 10 be larger than
last year and the comparatively high
condition figures caused quite little
scattered liquidation at first. Another
bcarlsh factor was the perfect wealth
er prevailing In the winter wheat coun-
try. Opening trades In July ranged
from S3sse to S6lsc,i compared with yes
terdaS's closing price of safe. For q
brief time the market held around those
figures. Then the firm northwest mar
kets, light receipts In that section and
liberal commission house buying. sup
posed to be for st. Louis shorts. result
ed In n hardening OF prices and a slow
advance. which was continued for
nearly two hours. Minneapolis and
Duluth receipts continue to fall off, 1S1
cars to-day against 2G5 last week and
50t a year ago. Chicago receipts were
119 cars. The addition 10 contract
stocks to-day amounted to about 10000
bushels. Before 1880 o'clock the mar
ket had advanced to Sssc This was
close to "call" price and selling
against those privileges. coupled with
considerable liquidation OF q general
nature on the swell. sent July back to
S4Ac.a!1 this reaction the influence OF
Bradstreets visible! report showing an
increase OF 1,476.0 900 bushels was felt Az
there: was a decrease last year, the big
increase caused a good dcal OF short
selling. But before noon the market
had begunt 10 recover. The advance was
slow. however, until reports from Call.
fornia, even more sensational than
thoserecelved yesterday came In. Large
exporters OF wheat In San francisco
said there would he no further exports
from there for fifteen months and 4
Chicago firm had sold for It in San
Francisco December wheat ut price
exc per bushel oyer yesterday. The
weather In California was stiil unfav-
orable, with no prospects of.relicf. Kan-
sas also complained OF drought. The
market after the noon hou- rapidly
t,t.- , lao 4hk.v Npt ra-
celved from the California news the
tinental demand for cargoes, Liverpool
and Paris advices both stating that.
200, 900 bushels had been sold last,
week. The last hour OF trading was
quite active. buying being general and
heavy, and prices advanced sharply.
The strength was maintained to the
closes July finally advancing to S5ssc
and closing firm at s51lsGS5Hsc.
Corn was weak most or the day. Fav-
orabiet weather and some increase In
western offerings caused an increase in
the May. liquidation and very little de-
mandi was manifest until late In the
session; The strength OF wheat finally
overshadoweda everything else and
drove shorts TO cover. corn becoming
steady near the close with all the de-
clincs recovered. May ranged from
29Tc to es7sc and closed 4 shade higher
at 229??ic. fis5 81 4 Is Pei
1, Oats were stcads. for May but easy
on the more distant futures. fine wealth
er being responsible for this. Trade was
slow and OF a professional character.
Everything closed strong with wheat,
there being good general buying late in
tho session Nav ranged from 25aic to
25isc and closed &c. higher at 25Sc.
Provisions were very dull. Packers
did most o: the business and dealt only
In small lots; The feeling was steady,
with fluctuations narrow in oil pro-
ducts. At the close May pork was &c
lower at S9t75: May lard unchanged at
S. lTh and May ribs 2hc lower at IS Is.
Estimated receipts Wednesday,:
Wheat, 10 cars; corn. loo cars; oats,
o2l cars: hogs $4,000 head. q
The leading futures ranged as follows: