The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-12

ACKNOWLEDGEMENTS on the floor
was strong. to-day. wheat being the
leader both In strength and activity.
Reports OF additional shipping engage.
ments for Letter wheat and an excep-
tionally large export business were the
principal factors In a buying movement
In wheat which had advanced that
market about cent at the close. Corn
closed &c higher and oats ssQ&c high.
er. Provisions hesltated for a tlme,bu
finally Joined the procession and closed
2h67hc higher.
There was big demand for wheat
right from the start. May which closed
yesterday at 9SBc opened to-day at
9IikQ97&c. There was considerable
selling by interests who have been put
ting wheat on the market for some time
past, but the demand was SO great that
the price advanced steadily, not stop
ping until 9S cents had been reached.
There We're two big factors In the adj
vance, the Letters shipments abroad
and the Liverpool strength. The for
mer was given the most attention. II
was stated on the floor and not Nenied
by the Letter interests that arrange
ments are being made for the shipment
OF 100000 bushels OF their wheat from
here 10 the seaboard. Contracts have
already been let for 100000 bushels OF
this II Is said, and the moving away OF
SO much cash wheat had marked ef-
feet on shorts. Liverpool was very
strong, earliest cables showing I'D ad
vance and later advices showed that
market 1@llsd up from yesterday. Pri-
vate cables said strength was on con-
sumptlve demand and supplies light.
Liverpool has received but s72, 600 BUSH
els In six days, not much over a third
OF the weekly consumptive demand. Ar
gentine shipments for the week were
900 bushels. much less than general
~ expected. Northwest receipts were
3S5 cars, against 439 last week. Chicago
received 81 cars. After advancing TO
Csc, the market eased off somewhat
There was a let up in the urgent de-
mand with the usual selling by people
who have been playing for n break and
May reacted to 9I1sc. Then for an
hour the price moved between 97&c and
Csc. most of the time being at about
97%c. After that the market again be-
came active and very strong. Late ca
Diagrams brought liberal buying or
ders to the seaboard and about an hour
from the close here 1t was stated that
seventy boat loads (about $4,000 BUSH
els), had been taken for export. 4 con-
siderable portion was from Philadelphia
and Baltimore. Three steamers char
tered at New York were supposed to be
for Letters grain. Closing cables were
all firm and higher. The announcement
of the export business gave 4 touch OF
genuine excitement TO the market,
sending shorts to cover In hurry and
the price was sent up 10 eS3sc, the top
figures OF the day. Then the market
quieted some. There was a tendency
TO even up over the holiday which caus-
ed prices to recede somewhat. May was
bringing 97H@973Sc at the close.
There was a greatly increased spec
ulatiye trade in corn and the market
was very strong. Nearly all the big
bulls doubled uD" on their lines and
the price went above thirty cents, after
a hard fight. Commission houses sold
freely. but everything was taken. The
strength in wheat and the unfavorable
weather were influences. A good eX-
port demand was reported. May ranged
from S0iac to 295tc and closed &c higher
at S0lsce
Though there was not great trade
in oats, the market was strong and the
market got to the highest point for the
crop. The strength came from the
good export demand and the advance
In wheat and corn. There was good
buying by shorts and some outside de-
mand There was free selling in the
afternoon and prices tluctuated sharply
but closed strong. May ranged from
&c TO 259sc and closed ssGAc higher
at 257sG26c.
There was strong market for pro-
visions with trade as whole unimport-
ant. The market opened easy because
hogs were a little lower, but quickly
rallied to yesterdays best figures on
moderate buying of general nature.
Prices yielded somewhat later on cea-
LIKING, the market closing steady. The
strength of grain markets and moderate
stocks were influences. At the close
May pork was 7lsc higher at $40 20;
May lard 2isc higher at S. 10 and May
ribs eye higher at S. 17h05 20.
Estimated receipts Saturday:
Wheat, g. cars: corn, $50 cars; oats,
325 cars: hogs. $4,000 head.
No market to-morrow-holiday.
The leading futures ranged as follows:
1900 ------- $500 -----T- - y