The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-31

BrcRNstu ms AMI PROVISIONS.
CHICAGo-wheat to-day closed ncr-
vous with all but &c of an early advance
lost. The sailing OF n new Spanish fleet,
the news from Washington and rumors
OF a favorable Kansas crop report. pre-
clpitated general selling. particularly by
longs. who had n profit. Other products
followed wheat In a narrow way, closing
quotations showing scarcely any change
from yesterday.
Wheat displayed some strength at the
start and for wheat an hour after there
was quite a good demand from shorts
and not a little general buying. Fol-
lowing the extreme weakness OF yester-
days market here, Liverpool showed
surprising strength. Another source OF
strength was the northwestern wheat
| stocks, which were reported at 1850, 600
bushels, against 5000. 900 bushels last
month. 1t was said that farmers had
even sold their seed wheat. These were
the factors in the opening strength,
starting July sc higher at S2EGS2ssc.
For a few minutes the market displayed
nervousness. selling between S2AGS2B
qS2hc. Then the sharp advance which
was taking place In Wall street stocks
and more quieting reports as to the Gu
ban situation lent additional strength to
the market and started a quiet buying
movement which carried the price up to
s2Sc. Here the market again sagged
under realizing by scalpers and some OF
the first buyers. but the decline was lin
tied to about &c.
For an hour the market ~f1uctuated
%nervously within a narrow range under
the operations OF scalpers. but around
the DOR hour the continued strength Of
Wall street and rumor Of impending
cabinet change stiffencd the backbone
Of wheat holders and resulted In an ad-
vance In the price to S3hc. AS was the
case yesterday, routine news was given
very little attention. Northwest re-
\ celpts were 3SS cars, again 324 last week
n S9l 4 year ago. Chicago receipts
were G. cars. The additions TO the con-
tract stocks to-day amounted TO $500
bushels. IS car coming from regular
sources, while mixing houses contrib
uted Sc cars and 1920 bushels No. 1
| northern. Primary receipts were 33f. 900
bushels. Atlantic port clearances were
reported at go. 900 bushels. Closing
prices at Liverpool and Paris showed
substantial advances. May was little
heard Of. It sold at 81 0S shortly after
the opening, but quickly recovered TO
81 o. and remained at that figure until
near the close. SomaAJuly buying by
Letter cut no small fg5ie in the advance
in that future 10 S3isc. though 1t was not
OF n large scale. The market held firm
at around that price until the last half
hour, when attempts TO sell out long
wheat with good profits attached TO It,
coming about the same time rumors
were circulated TO the effect that the
forthcoming Kansas crop report would
be the most favorable on record. started
a general llquldatlng movement. Hold
ers had some difficulty In disposing Of
their wheat and prices dropped quite
rapidly in consequence. the market be-
coming decidedly weak in the last few
minutes. After declining to SISc,
shorts covered In a moderate way and n
rally to S2GS2Hc ensued, where the mar
ket closed. May closed at 81 03%.
The market for corn was quiet and
steady. Shorts did most of the buying,
| the Influences being the strength OF
wheat and stocks. Trading as a whole
was u~ninteresting and price fluctuations
were narrow. May ranged from o9is to
2SA @2S%c. and closed a shade higher at
2SNc.
Oats were very quiet. The market In
a general way sympathized with the ac-
| tlon OF wheat and the tendency of the
market was upward, though trade was
too small to cause much variation In
prices. Business was mostly OF n scalp
ing nature. May ranged from 25A 10
Csc and closed &c higher at 25c.
Provisions were strong during the
first two hours. The strength Of grain,
which drove In a good many shorts dur
ing that time. and prices advanced.
Later realizing became fairly heavy.
and the advance gradually disappeared.
Packers were the best sellers. The close
was steady: May pork was unchanged
at So 40: May lard 2hc higher ut S. co.,
and May ribs 2kc higher at S. 02Is.
Estimated receipts Thursday:
Wheat Is cars: corn It's cars; oats go
cars: hogs 5000 head.
The leading futures ranged as follows:
Articles. Open. High. Low. Close.