The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-28
Brsads,uff. and Proyislou..

ShAohs osTt
Brsadstuff. and Provisions.
CHICAGo-July wheat bears were
stampeded on change to-day. The op.
tlon named made . clean advance OF
SIC, wiplng out an early decline OF 2Hc
and closing With a net gain OF 1Nc.
Everybody was on the selling side from
the start on lower cables. favorable
crop news and declines at the north
west. But foreign markets recovered
sharply. Antwerp scoring an advance
OF 416c. Shorts rushed 10 cover, and
bid July up from 9lHc TO 95c. May
wheat recovered most OF a Sc decline,
but closed with a net loss OF 1Ec. Corn
and oats recovered early declines, and
closed unchanged to Tc higher. FRO
visions ruled dull. Pork declined SC,
lard 2ilic, ribs closed steady. .
The foreign wheat markets. which
were controlling influences at the OPEN.
Ing here to-day, showed q deal OF irrcg-
ularity. Liverpool quoted declines Of
1AQ2d, while Paris came 2IG3Ad high
er. The extremely favorable crop bull
letins had O bearish erect, as did also
needed rains ut the northwest. Trading
began at decline Of 10 in July wheat.
For half an hour the market acted
strong, and rallied twice to yesterdays
close; but at the end Of the time men,
toned an avalanche Of offerings struck
the pit, and prices dropped down with
q thud from 9iA to 93hlsc. Not much &C.
count was taken OF the statistics per-
tanning to the daily movement OF wheat,
but the favorable weather for growing
winter wheat was in the minds OF the
people who sold wheat early in the ses-
sion. Chicago receipts were 10s cars,
and 2 Of them were contract. Receipts
here q year ago were Is cars Mime
apolls and Duluth received 3T cars,
against 207 cars a year ago. The clear
ances OF wheat and -four from Atlantic
ports were equnl to 4s7, 900 bushels.
Closing quotations from Liverpool
showed spot No. l northern spring
wheat 3dNa GENITAL up for the day, the
price being So Sd or 81 33A per busheL.
Relief came TO the bulls from an eneX-
pected quarter. Antwerp was reported
as buying cargo Of California wheat
of the English coast at an equivalent
Of 81 80 a bushel, and the Antwerp mar
ket advanced 6&97Ic to lac in two
days. English wheat brought 81 80 a
bushel in the London market to-day,
and English country markets showed a
further rise Of 4kc q bushel. These lat
ter items caused @ stampede among the
shorts, and just before the close July
sold at &c. May ranged from 81 IS to
81 2l%. July opened &c lower at $3.50
93kc, sold at 93Ac. declined to 91Ac,
advanced to SIC, closing at SAC, a net
gain OF 17sc.
Corn was heavy at the start on free
selling by elevator people, who report
ed country a~cceptaIces Of u million
bushels. Foreign acceptances were
smaller than for several days. Local
receipts were 3S3 cars; seaboard allow
onces.q 66S. 900 bushels. Liverpool show
ed A4Ed advance. The advance in
wheat started some buying in corn,
causing q rally of lie. July started
AQSo lower at 33Sc934Ac, sold at
33Ec, advanced to 34Ac, closing at 34Nc,
@ net gain OF &c.
Oats followed corn. Trade was only
moderate. Chicago receipts were 257
cars. July opened Nc lower at 25c, sold
at 24Ec, rallying to o5Ac, at the close.
Provisions started weak on heavy hog
receipts. Trade was not broad, but the
early losses were quite recovered. L,v-
erpool reported bacon and hams Cd and
lard Sd higher. There was a good cash
demand here. and shipments were lib
eral. Ribs did not yield as readily as
pork and lard. July pork opened 15c
lower at s11 81, sold between s11 IS and
s11 50, closing Sc net lower at s11 AZ.
July lard started 5G1Oc lower at IS $50
5 70, sold from IS 65@5 Is, closing at
IS i2lk, a net loss Of 2hc. July ribs
ranged IS 5OQ5 81. closing unchanged at
the top. Estimated receipts for to-mor-
row
Wheat, 12S cars: corn. ass cars: oats,
315 cars;<hogs, $1,000 head.