The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-28

markets were carried upwnrd swltli
wheat. corn and cats advancing about
&c each. while provisions closed ~ q
TIC higher. !. (. *, Z, 4.
Ilyerpeo once again SET the pace for
wheat Mt the onening. That market
was up H91k on futures, and cables
from there and from London also were
decidedly bulish In tone. Tho British
consul at KIef, South Russia, officially
said that Russia would probably soon
become an Importer OF grain, that the
Russian ports were cloHlng again and
TINT u cargo OF Argentine wheat. Feb
ruary shipment, had been sold to-day
al. 35s Sd per quarter. an advance equiv
alent to sac bushel In two weeks. The
Russian news had more effect later In
the day than at the opening, which
was nevertheless very strong. May.
which closed yesterday Mt 9iAc, opened
to-day at 9iK19i,sc, while July start
ed AGSc higher at from S5&c 10 sec.
The opening advance encountered very
free realizing, some OF which was cred
lied to Letter, but the selling resulted
in the May price only renctlng TO 951
95hc and for two hours n fight was
waged around 95Ic for the control Of
the market. News that came In during
that time almost altogether favored an
advance Minneapolis reported q heavy
demand for flour. especially for foreign
shipment, and Tacoma advises con-
tlnued shipment OF wheat and flour to
South Africa. Exports Of wheat and
flour from Atlantic ports amounted to
the heavy total OF 100000 bushels. Min
neapolls and Duluth receipts were 2Si
cars. against 307 the similar day, of last
week and 1S2 the corresponding day OF
the year before. Chicago received q
cars, only two Of which were contract.
Amout midday and after the receipt
Of strong closing cables, the fun COM
mcnced for the third day In succession.
January furnished the excitement, Up
to that time this delivery had been
heard Of but seldom. Letter brokers
again appeared In the pit and their bids
OF 81 OF for January, 20 above yester-
days closing prices, started the shorts
IN the future In hurry and the price
OF May especially advanced almost as
fast as the cash figures did. For few
minutes the excitement was intense and
the hunt for cover which took place
jumped May to 96c, January In the
meantime being quoted at 81 02is. The
market quieted down somewhat for q
time, but half IN hour from tho close
the buying fever again broke out rs tho
jumping In January was renewed. In
very short space OF time January was
bid UP to 81 o5, May to 97Ac and July
10 S7isc. There the prices hung, with
heavy trading. At the close January
was quoted ut 81 04%, May 97B497hc
and July S7hc. A New York message
received shortly after the close said
Letter had sold 100000 bushels Of
wheat for shipment abroad.
Corn was more active than for some
time. past. The feeling was quito firm
throughout, principally In sympathy
with wheat, though no materiol advance
In prices took place unit! the final bulge
In the market. Reports OF heavy export
sales also strengthened the market.
Commission houses were good buyers,
the selling being largely by room trad
ers. May ranged from 29%c 10 29H %
29?sc, md closed Sc higher at $3.50
29%c.
There was large trade in oats. ship
ping houses and shorts being good buy
ers. Realizing was freely INDUCED In
but offerings were readily taken, and In
sympathy with wheat prices advanced
steadily. May ranged from 2iAc to 237s
924c, and closed A9%c higher at 24A c.
The Highest trade In the pit was in
provisions. Moderate realizing and u
weaker hog market caused a sagging
tendency to prices during the morning.
Strength was developed later as wheat
advanced and on buying by early SELL
ers. The closing was firm, May pork
being TIC higher at $40 05. May lard Sc
higher at 81 921A md May ribs 2Isc
higher at 81 97h.
Estimated receipts Friday: Wheat 81
cars: corn ITO cars; oats 30 cars; hogs
$4,000 head.
Tho leading futures ranged as follows: