The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-19

Z CHICAGo--Wheat to-day was strong.
May sold as high as 81 06 and closed at
81 05E. Corn and oats advanced Nc
each. Provisions were dull and inclined
10 weakness, though price changes were
small.
Wheat started firm. July Nc higher at
S5hGS5kc and May &c higher at 81 0i,s.
1t. was raining throughout the west. In
itself depressing feature. but freezing
weather was reported In the northwest
and there was a good deal of apprehen-
sion of the frost line extending over the
water. soaked winter wheat fields. Pos
sible damage from this source did not at
first result In great increase in the
buying demand, but It stopped the SELL
Ing pressure, and shorts anxious 70 cover
found It necessary to advance. their bids
materially before securing the desired
wheat. In. the first forty-fve minutes
trading In July was advanced to S53tc.
Then. realizing by scalpers caused a re-
action to S5ssc, where the market huns
for a short time. After that the mar
ket gradually became stronger and trade
broadened out considerably. Late adj
Vices from Liverpool showed sharp ad-
vances both In cash and the deferred fu-
lures. California sent quite gloomy crop
reports, predictions being made that the
crop on account OF the drought would not
exceed 10000, 900 bushels. That these re-
ports were taken seriously in California
was evidenced blythe number Of covering
orders both for May and July contracts,
but especially for the former which were
received from that source. Private ad-
vices from the northwest said that
stocks there were nearly exhausted.
These reports were given some color by
the falling off in Minneapolis and ;Du-
luth receipts, these two cities reporting
275 cars to-day against 430 last week and
297 year ago. Chicago receipts were
los cars. SO Of which were of contract
grade The addition to contract stocks
was $4,000 bushels, private houses con-
tributing rs cars and 10.500 'bushe!o. The
seaboard advices were Of a bullfso, char
acter and an improved foreign tcmand
at better prices being reported. Tho de-
mand for July became quite general
about the middle OF the session. Out.
slders came into the market in greater
numbers. while local shorts were heavy
buyers. The prices OF July reached
S6hc on this bulge. Another short spell
OF realizing caused a reaction to S5Sc,
but toward tire end OF the session buying
again became heavy and prices ad-,
vanced. The market ruled strong to the
close, July advancing TO S6A9S6fsc and
closing strong at S6kc Quite a large,
trade was dore in May. California
shorts were especially sooi. buyers.
Local traders who have been heavy SELL
ers OF that delivery lately also bought
back some OF their lines. Letters bro
kers were fi-c sellers, but tho market
was strong enough to absorb every
thing offered and probably 100000 BUSH
els was disposed of by the Letter people
at prices around 81 05l7. May sold as
high as 81 Q6 and closed at 81 0oT.
Corn was strong, though not very ac-
tive. Less favorable weather conditions
and the strength Of wheat made bet.
ter demand. especially from local shorts
and several important lines were cover
ed. Country offerings were small. May
ranged from o9A G299sc to 29c and closed
&c higher at 29Ac.
Oats were fairly active and stronger
In sympathy with other grains and un-
favorable weather. There was little
pressure to sell and when a, fairly good
demand from shorts came, prices ruled
firm at slight advance. There was
good cash inquiry, but bids were little
out Of line. May ranged from ESQ to
s5lsc, and closed &c higher at $3.50
35Sc.
Provisions were very dull and on the
whole weak, though trading was TOO
small to admit Of material declines.
Prices fluctuated narrowly all day, with
very little doing. At the close May
pork was &c lower at 50 60: May lard un-
changed at IS Is and May ribs un-
changed at SIS 10.
Estimated receipts Saturday:
Wheat 1870 cars; corn 2lo cars: oats $50
cars; hogs 1900 head.
The leading futures ranged as follows: