The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-07-13

CHICAGO-Fine crop prospects weak
ened wheat to-day. July closed nc
lower and September lost &c. Corn left
on &c higher and oats hc lower. Pork
gained zoe and lard and ribs 1Oc each.
Beautiful weather everywhere, with It's
prospects Of permitting threshing oper-
atoms and increasing the movement Of
the new crop caused bearish feeling in
wheat at the start. September opened
Mt 6SIkc, down TO 677sc, but quickly de-
veloped that there were plenty OF sellers
at lower prices when the first quotations
could no longer be realized and a rapid
decline to 67hc occurred. July In the
same time dropped from 75&c to 74lsc.
Later New York wired that exporters
had taken over 100000 bushels there for
export and prices made snort-lived
rally. Bradstreet's statement, which
was expected to he bullish, proceed dis
appointment. This, together with heavy
foreign markets, started some general
selling and the price OF September
dropped to 67lAc. The market had a
sudden recovery near the close, when It
was reported that millers at Mlnnelpo-
lis and Duluth had bought 100000 BUSH
els OF the wheat held in store rhere at
from Ssc to soc. The arrivals of new
wheat are increasing and promise to be
very large next week. Chicago receipts
were 40 cars, 81 OF which were new.
Minneapolis and Duluth received IS
cars, against 36l the year before At
lantlc port clearances were $4,000 BUSH
els Wheat and flour, Bradstre1t's sac
ment. showed the weeks decrease being
2,1S9,0O0 bushels on this side and 100000
bushels In and ahoat for Europe. OF q
$4,000 bushels decrease In all, whereas
over 100000 bushels had been looked
for and the decrease n year ago was
4,gl6.OO0 bushels.
July opened &c lower at 75&c; weak
ened to 7iiSG; then rose 10 75c AZ the
close. September began &c lower TO nc
higher at 675s66SSc: declined 10 GIAc;
recovered to 67Rc: fell on to 67Sc; then
rallied to 6T&c, the closing figure.
Improved crop reports and lower
cables caused liquidation by longs at
the start In corn. The showing OF the
government crop report was productive
OF much bearish seEciment and prices
sagged early. The loss was more than
recovered later on shorts buying to Sc
cure profits on weak spr'ts. September
opened &c lower at 3l7saS2c; declined
to 3lNG3iAc; then advanced to a2Hc
bid at the close,
The fluctuations In wheat and corn In
fluenced oats. September began hc
lower at lB9sc, sold on to 1886, then rose
TO 19Mc. the closing figure.
Provisions were given 4 frm opening
on hog receipts below expectations and
an advance Of SC IN price. The cash de-
mand on foreign and domestic account
was good and the undertone strong. The
closing prices were the best Of the day.
September pork opened 2isd7iIc higher
nj 50 95dl0 90, and rose steadily to
$40 1917. the closing price. September
lard began 2iAd5c up ut 81 50. advanced
to 81 62h; then settled to St 6Oa5 90 at
the close September ribs started &c
better Mt 81 60, and sold up TO IS G7ls, the
resting figure.
Estimated receipts tomorrow:
Wheat 80 cars; corn go care; oais lis
cars: hogs $4,000 head.
Cash quotations were as follows:
Flour steady
Wheat No. spring 7bc; No, spring
old 7SdSAc; M. 2 red 7Sc.
corn-No, 2, Si%ci No. 2 yellow ola
oate-No. ?, 23,sa2ic; No. white
9s,aa27e; No. 3 white 25d26c,