The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-02
ure.d.tun, ,ud Prox,,,on,

NitVhk .Io-udy . ullCNu
and parted company with the stock mar
ket. Heavy sales OF cash wheat by Lei
ter and others for shipment abroad and
for milling purposes at home overcame
any sympathy with a downward trend
OF stocks due to fear OF hostilitles be-
tween Spain and the United States. To-
days trading resulted in a gain OF &c a
bushei In July wheat and &c in May.
Corn and oats were steady with wheat
and closed with very little change. Pro-
visions were strong early but weak later
and closed 2h@TEc lower.
Wheat opened firm Ut prices I'M
changed to &c hlgher'than yesterdays
closing figure, and in the course of the
first hours trading made a further ad-
vance of nearly &c. During this time
the volume OF business was considerably
heavier than OF late. This strength was
principally due TO this statement OF JOS
eph Letter that he had disposed OF $780,
600 bushels OF cash wheat Monday last
for export.
Indications OF an urgent demand for
wheat abroad tended to make shorts un-
easy. In addition to that. however, the
New York stock market had recovered
an opening decline before trading COM
menced here. Another bull help was tile
big FALLING off In Argentine shipments
since last week. Shipments this week
amounted TO 1872. 900 bushels, or about
half as much as the week before. North
west receipts We're light. Minneapolis
and Duluth reporting Els cars against
$40 last week and 2S9 a year ago. Chi
cago received G. cars, 81 contract grade.
In addition 10 the contract stocks to-day
amounted to 1856, 900 bushels. As cars and
50 coming from the milling houses.
Liverpool vas up kISd at the opening.
Under a good demand from shorts. and
some investment buying, July. which
had opened at . EaSo7sc, advanced 10
S2&c. There 1t met realizing sales and 4
slow decline ensued, the price finally
getting back TO S2ssc. around which fig
ure 1t hung for some time. After the
noon hour the market began TO show the
effect Of the disturbing nature of the
news from Washington and the weaken
ing OF stocks and selling which had been
light and scattered up 10 hat time in
creased In volume. many of the early
buyers putting their lines on the mar
ket again. The liquidation. however,
only resulted in knocking the price down
to S2s.GS2i.c. About this time talk OF
further heavy cash sales were circulated
on the floor. Besides the heavy sales re-
ported early, Letter mad acceptances of
1900 0 bushels offered by cable yesier-
day afternoon, 100,0 900 for New York.
500. 900 for domestic milling. Other sales
OF 200. 900 bushels were reported for ex-
port. The remarkably heavy cash sales
caused selling to stop very suddenly late
in the session and drove a good many
shorts To cover. The marke. was de-
| anIi AlI,, rtpnp~ ANr.a I'll tl,A atNHn n,.n,,
May, up to that time almost Mt a stand
still. sharing in the tirmness. July raj
lied 10 SEC and closed at S2Ht 1S3c May
ranged from 81 OF to 81 O3A and closed
at 81 0S%.
Corn was very slow and barely steady
at about yesterdays figures. Only a
limited scalping business wa done, and
fluctuations were within &c. News IN a
general way favored buyers. but had 1T
tie effect. May ranged from 229lsc to
29sc and closed unchanged at 29c.
Oats were quiet, influenced early by
the strength OF wheat. but losing part OF
the small advance later. Cash demand
was reported good and most OF the buy
ing appeared to be against those sales.
Selling was principally in the way OF
realizing. May ranged from 25hc to &c
and closed &c higher at c5isc.
Provisions early were verystrong. Light
hog receipts and the strength Of wheat
caused n good general demand, and es-
peclally for pork and substantial ad-
vances resulted. At top figures. how
ever. short selling and realizing was too
heavy for the market to stand up under
and prices gradually declined, the mar
kct closing rather easy at inside figures.
May pork closed fliac lower at 80 52E;
Maynard @lsc lower at s. Gh and May
ribs &c lower ut s. 05.
Estimated receipts Saturday:
Wheat S. cars; corn $50 cars; oats as
cars; hogs 1900 head.
Cash quotations were ne follows:
The leading futures ranged as follows.