The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-28

K Observation-Disclosures weather Tor
harvesting and disappointment at
threshIng returns OF the winter crop
sent wheat up today. July closed 1Ac
higher and September 1c. Corn left off
at &c advance. Oats declined &c. Pork
lost 2isc. Lard lost 5aI1sc. Ribs lost
TIC
Damage reports from excessive rains
in that portion OF the country. where
harvesting Is under way created a
bullish sentiment In wheat at the start.
The weather in. Europe was unfavor-
able. Paris. Antwerp and Buds Pest
complaining of continuous rain and
Great Britain Joining In the same
complaint.
In addition. reports OF poor yields,
compared with previous expectations
came from almost every quarter, OF the
American winter wheat region. where
harvesting had been completed. There
was considerable short interest In the
market and the reasons for the opening
strength being found upon examination
to stand inspection. there was a general
effort 10 cover. But the same situation
which induced the shorts TO buy check
ed the offerings and with very little for
sale there was lively competition which
resulted In better prices. July. which
closed Saturday at f7lAc.=sold up to
i3Ac, hte first half OF the session and
September advanced to 67hc, gain Of
nc.
Closing quotations from abroad show
ed a decline at Antwerp OF 2Esc bush
el. This. together with some ostenta-
tlous selling OF July In the pit here By
an elevator concern sent the price
down to tic for July and 66iEc for Sep
TENDER. The crowd was short, howev-
er, and on some good buying, the mar
ket rallied quickly and closed near the
top for the day. Receipts here were
only eight cars, against -twenty-three
a year. ago. Minneapolis and Duluth
received eighty-nine cars, compared
with $50 the corresponding day OF the
year before. Exports of wheat and
flour since Saturday from the Atlantic
ports were equal In wheat and flour to
$4,000. The worlds shipments for the
week were S,647, 600 bushels. July, opened
1SGlc higher Mt 7ett 673Tc, rose TO
73Kc. declined TO tic. then flrmcd up to
73c bid at the close. September began
19sc better at 66h d6G7sc, advanced TO
67hc. weakened to 60Kc. then rallied to
67kc bid, the closing price.
1t was q changing market In corn,
with the. price improved somewhat In
sympathy with wheat. The bull crowd
generally sold out, July. and bought Sep.
TENDER. and the elevator people sold
September and bought July. July OPEN
ed at &c lower ut Slid3l%c; up to
3Irsc: down to 3lHc. advanced TO i3l& @,
3lRc, then sold or to size asked at the
close. s n, Il,
Oats were stendy to a shade higher at
the start. but prices eased on later with
the other grains. Tile market closed
near the bottom on heavy selling by
country traders July began unchang-
cd at J22Mc, sold up to .2hI22Ac de-.
clIned TO. 2l%c,s then nrmcd up TO 2l7sc,
the closing price. lE SO
Heavy receipts OF hogs and the APP
parent urgency, by;somes traders TO get
rid OF lard depressed provisions. Shorts
came to the rescue when lOc, had been
knocked OF the price of lard and that
caused a slight recovery from bottom
prices. July pork opened &c higher n t
80 GO, rose to 80 20, sold down to 80 ;47tlss,,