The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-19
Bread.,aT, aud Provlslon..

BreadstufTs aud Provislons.
CHlCAGo-Everythlng on the board
Of trade showed a reactlonary tendency
to-day and closed at declines. Wheat
felt the effect of yesterdays heavy liqul-
dation. This and the large Argentine
wheat shipments resulted in a decline In
May OF A;sc at one time, but the heavy
ocean freight engagements for Letter
caused rally, May closed with loss
OF sc from yesterday Corn declIred
SgSc. Provisions closed unchanged to
i2iscrlower.
II was evident atsthe start in wheat
tracing that the short scare so proml-
heht feature OF trading all week, had
nearly all died out under the influence
OF heavS selling during yesterdays ses-
SION. In addition the most important
OF me early news was clearly in favor
OF the pears and weak and lower open
Ing was the inevitable result. May, the
ctosihFs price yesterday was 81 0lB, was
oiiered In goodiy quantities at the start
To-Day at from 81 O3is down to 81 03,
ana so great was the selling pressure
for n time that the price dropped. TO
" u-a, or 4Ac lower than the highest
price paid yesterday. In business de-
cine Argentine news was prominent.
Argentine shipments for the week
amounted to l,2SS,O00 bushels, against
il2.ooo bushels the week previous and
slo2,VVo bushels last year. Cable news
was also rather dssccuraging to holders.
Doth Liverpool and Paris showing small
declines, and much was made. OF the
failing OF the European markets 10 fol-
low the advance here yesterday The
character OF the news, however. soon
changed. Minneapolis and Duluth re-
ported receipts of only 2i5 cars, against
SS2 last week and 253 year ago. Chi
caso received q cars. seven OF which
were contract. A Liverpool corn trade
news cable from Rosario, Argentine,
said that continued heavy rains were
DONG considerable damage and the
market advancing with sellers scarce.
This caused a cessation of selling here
ana started a buying demand which
soon sent the May price back to 81 03is.
IL reacted then to 81 095s. but again ad-
vaEced, getting TO 81 03ja shortly after
II O'CLOCK. Trade In May became quiet
CT thah Tor time, but considerable at
,ention was given July. OIoning Ealc
lower at from S9i:c to soc, THAT option
hrpke with many minor fluctuations TO
sSSc. When May rallied July advanced
also. getting up TO S9h. and trade for
some time was quite active in that de-
livery Later on the market became
stronger. New York and Boston mes
sages reported the taking OF freight
room for 100000 bushels OF wheat for
export TO Liverpool. all OF which was
credited to Letter. Several Of the large
sellers of yesterday, notably Cudahy,
bought quite freely a general buying
movement was started by the Letter
freight room engagements, May ad-
vancirg to 81 o. and July to S9kc. Then
The market quleted down again. In the
last half hour the continued Iiquidat ton
IN the coarse grain pits affected wheat
and the market eaSed off some. At the
close May was bringing 81 03is and July
sSfsc. = = -.
There was n large general trade In
corn, Professional and elevator inter-
eSls were free sellers again. The weak
ness III wheat also increased the dispo-
sition TO realize and during the morning
Inc market was quite weak. Some of
yesterdays big sellers reinstated their
lines at the decline and their loss was
recovered later, The local cash demand
had Weakening influence. May rang
"a from 307sG3lc 10 309s ISIGc, and
closed sc lower at S0i&G30ssc
- 'itl met LOT UulS WIS -OnIy mOuSr-
ate!y active and erratic. The market
was weak ut the opening in sympathy
with wheat. Liquidation started at
once and prices broke sharply. The
break brought In good buying and n
raHy followed, but renewed selling
broke prices again. There was consld-
cradle long" oats Offering all day May
ranged from &c to 2GHc, and closed &c
lower Mt 26Bc.
There was n fair trade done In pro-
visions with the market generally tend
Ing toward lower prices. There was
some raiding, apparently by packers,
and good deal Of outside profit taking.
Prices declined materially during the
morning but better support developed
later and slight recovery ensucd.
sympathy with wheat was II factor
throughout. AT the close May pork was
1212c lower at $40 %. May lard 2sc low
er at 50 20, and May ribs unchanged at
S. %. = -
: Estimated receipts Saturday: Wheat
60 cars: corn $50 cars; oats 700 cars;
hogs 1900 head.
The leading futures ranged as follows: