The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-08

starting at 95Ge5isc. Liverpool showed
10 "a advance AT 1;30 p. m. Besides
this. worlds shipments showed a consid-
cradle falling off, the total for last week
being 5,bi30O0 bushels. compared Win
7,5is. 600 bushels the week previous. An.
other feature which helped In the OPEN
Ing firmneSs was the strong cargo mar
ket at London, sale of Oregon wheat
being reported ct the equivalent OF
81 1871 q buShel Liverpool warehouse
stocks also showed a reduction OF 10000
bushels for the week. News bearing on
the future crops here and In foreign
countries was 30 favorable that SELL
Ing movement started almost iinma-
diately after the opening and the pres-
sure finally became so hard that the
market for come time lost all appear
ance OF strength. May dropped to gj&c
IN u few minutes and though seapoard
reports OF a guod foreign inquiry caused
a few OF the more tlmii shorts to cover,
which sent the May price back to 0il4p
9i&c. the prise dropped Immediately nf-
ter this demand was satisfied, this time
going to 9ikc, California reported an
abundance OF much needed rain. Indian,
crop prospects reported as uHfavorible
Saturday were said to be splendid to-.
day and Australia. It was said. would
have more wheat for export than ex-
pected. Rosario cables stated that both
receipts and shipments Of Argentina
wheat were increasing. Besides all this
northwest receipts were heavy. Minnc-
apols and Duluth reported ego cars
against 4S7 last week and I'll a year ago.
Chicago receipts were % cars. eight OF
which were for contract quality. The
visible supply decreased $4,000, about
as expected. For two hours the May
price hung around the bottom, the dull
ness being varied occasionally by some
buying against puts. Then the Letter
brokers appeared and commenced buy
Ing at around 9ikc. They had made
show OF supporting the market around
the opening. but tho feeling at that time
was SO unanimously bearish that they
soon quit. This time their bidding cou-
pied with the fact that prices were at
put figures soon turned the market to-
ward higher prices. Late In the session
shorts became apprchcnsive OF the
gradually increasing strength and many
traders who had sold carly In the session
bought back their lines. May had pre-
vlously advanced to 9iAc, but this fresh
support carried prices up to 9i7sc, where
It closed with buyers at that figure.
Increased country offerings and west
ern selling were the features In the corn
market. The tendency during the early
part Of the session was down but toward
the close the rally in wheat and strength
of provisions caused prices to recover
Shorts were the best buyers: May ranged
from 29ac to 2Ssc and closed unchanged
at 29bc.
Oats were fairly active. The market
was weak and lower early, due to quite
general selling and the break in wheat
When the latter market rallied early
short sellers covered and the oats market
became quite firm towards the close;
May ranged from 2i5sc to 23SG23Ac,
and closed &c higher at 2i%c.
Provisions were fairly active and
strong and prices reached new levels.
Higher yard prices were responsible for
q firm and higher opening in provisions.
This induced considerable realizing and
part of the advance was lost but later
strong buying movement set in which
carried prices quickly upward The close
was strong at nearly outside figures,
May pork 12hc higher at $40 40: May
lard l0c higher at So 02,,a and May ribs sc
higher at S. 12ls.
Estimated receipts Tuesday:
Wheat So cars; corn GO cars; oats 325
cars; hogs 10000 head.
The leading futures ranged as follows: