The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-14

on tic board OF trade. May wheat clos.
VI htn loss o. i5eI July &c I'D septem.
Der skc. Prosialons totiS wed wheat
with declines OF 4Sc III July pork and
lac per bundled In lard and tihs, Sell
linz was BY packers and longs generally.
Corn and oats suffered a loss OF sc each
on liquidation.
Wheat opened weak al Ftrom INC 70.
SIC lower for July than II closed yes
terday, opening trades In that delivery
being over n range OF from 81 I0s to
81 WH. May opened weak Mt 81 60, a
decline OF l5c over night. September
dropped from &c to &c a bushel at the
start. nrst transactions being irem
SsRe TO S9hc. Before any recovery
from the opening, bearishncss was per-
ceiVable, July sold down 20 81 OAK and
ket was remarkably steady. showing.
only about Id loss Al. the start IN the
face OF yesterdays break In the mar
ket. Argentine shipments OF only S2i,-
zoo bushels, against !, S92, 900 bushels the
week before was considered a bull card.
but failed OF effect owing TO heavy do
mestic receipts. The latter aggregated
$4,000 bushels, compared with 363, 900.
the year before. Chicago received 255
cars. against seven q year ago Minnc-
.apolls and Duluth reported sis cars,
compared with 346 last year. Seaboard
clearnnces footed up 1850 0 bushels OF
wheat and flour. Shorts were extreme
" nervous. Pit trading was small and
although professionals ventured modest
"nlers" on the short side, they ran to
Cover on the slightest sign OF returning
strength In the market. July, after
touching 81 OAK, rallied spa%smodically
to 81 Oh, but slid on easily again when
the demand from shorts failed. Clos
Ing cables showed increased bull wear
mess abroad, with declines OF 2kqSHd
at Liverpool: ~ 12isc at Paris and Ike
at Antwerp. Reports OF harvesting
from Texas and a probable early cut
further north treasured short sellers.
July dropped listlessly to 81 o.. closing
ut 81 ON bid. O net loss OF four cents.
May, which started at 81 60. rallied to
81 IS, on Letter support, but eased off
near the end to 81 As and closed at 81. so
sellers. a net loss OF l5c. Exporters re-
ported no sales. September started NO
1c lower at S9A GS9hc, sold of to 3S7%c,
closing 2hc net lower at SShc sellers.
Corn was for sale in large. chunks from
start to finish. Concessions were made
at the opening OF nc. A slight rally fol-
lowed, but renewed liquidation forced
the price off again. Foreigners were re-
ported as ~re-sellers Of corn bought for
forward shipment.
The Liverpool market was weakened
BY freer offerings of corn from Argen!
tine. The decline at Liverpool was I'D
for the spot and from I'D to 1Sd for
futures. Reports from the country
Ing had to be resorted to extensively
account OF seed having rotted In the
ground. Local receipts were GAG cars.
Atlantic port clearances were $4,000
bushels. Argentina exports for the week
were 1890 bushels, against 160.0 900
bushels the week before.
The opening business In July was at
from 36hc down to 36c, as against 3Gkc
sellers at the close yesterday. Consider
able was wanted at the reduction and
the July price rallied to S6H@S6Sc. but
on the continuance of sales Of long corn
it dropped to 35S @35%c. and closed at
35bc sellers, a net loss Of &c.
Only a moderate business was trans
acted in the oats market. An easy feel
ing prevailed with May longs anxious
to sell.
The favorable weather was RESPONSE
bic for the easiness in the more distant
futures. From the seaboard LOG. 900
bushels cleared. Receipts were 26s cars
here. May closed with a total loss Of
1Ac. July started at 27@27Ac below
yesterdays close, a net loss OF sc.
The disposition OF provision trade
was to take profits on strong spots Ia
the market. The lowest prices were
prevailing at the close. The opening
was weak at from 10c to zoe decline in
July, pork 2ik65c In lard and from 2lk0
TIC in July ribs. That was succeeded
by a considerable upward reaction. But
the upturn was met By heavy selling on
the part OF packers and prices quickly
reacted, closing at the lowest point Of
the day. Outside trade was consider
ably lighter than yesterday and profit
taking was general. Total hog receipts
at western points were IS, 900. Lard at
Liverpool 4 quoted Cd higher and ba-
con i42s over yesterday, but even this
failed to sustained prices here. July
pork ranged s11 65112 II, closing 45c net
lower at s11 65; July lard IS 1905 70,
closing Ice net lower at SC 50; July ribs
Sc 10 to Sc 3o36 32k, closing 15c net
lower at IS 12h.
Estimated receipts Tomorrow:
Wheat, $50 cars; corn, $50 cars; oats,
$50 cars; hogs, 0,00o head.
The leading futures ranged as follows:
Articles. oDen. High. Low. Close.