Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-13

growing weather at the southwest, COM
oineu Win continuation of heavy pri-
ii'iy receipts created beariSh feeling
anions the few who ventured into the
pit. Ihese bearish features of the sit
uation which were lost sight in the re-
cent excitement supplied the bears with
the courage to oppose the opening up
"ard trend OF prices. The strong par
ty that had for two weeks PLAYED in
the fears of shorts SO adroitly had evil
dently made their turn and were well
sausned IN leaving the market to the
tallers July, after touching Sill
ana rushing up to $1.12A, eased off to
$l.1o. Chicago receipts were 337 cars,
against 70 last year. Minneapolis and
Duluth reported $40 cars compared with
277 the year before. Primary receipts
aggregated $4,000 bushels, against
353,0c0 bushels the year before. Sea-
board clearances amounted to 100000
bushels OF wheat and flour July de-
cllned steadily after the first hour to
Sl.ViA, which was the prevailing price
at II O'Clock. Then the nervousness
OF shorts was clearly illustrated. News
OF the destruction of an Armor eleva-
tor by fire caused the bears to rush
July up to 81 10 in their efforts at COW
ering. When it became known that
only 100000 bushels of wheat was de-
stroyed the market slumped again to
S1.1S, with S1.08A the prevailing quo
tarion at The close. May was dull Nnd
neglected throughout 1t opened lac
lower at 81 65, rallied to $40, declined
to $1.60 and closed with sellers at $3.50,
a net loss Of lac September opened 3s
@1ac higher at 92092hc. advanced to
92ac, broke to 901sc, closing at 90Ac,
a net loss of 13sc.
Trade in corn was active, opening at
an improvement of 3s@Ac, July i'm
proving to 373sc. Heavy liquidations
set in, causing decline of 1c near the
close. Local receipts we're 721 cars.
Seaboard clearances aggregated $780,
eco bushels. Liverpool quoted July Id
higher for the day. July opened at IS
@Rc higher at 37@37Ac, sold at $3.50,
and advanced under active demand to
373sc. At this point the longs opened
their flood gates and during the re-
.mainder of the session there was no let
up to the offerings. July touched
1850, closing at B@Ac net lower at
361bc sellers.
Oats trade was small, fluctuations
following corn closely. Seaboard clear
ances amounted to $4,000 bushels Chi
cago received 289 cars Longs sold
moderately. July opened h@Ac high
er at 275k@27Ac sold off to PHO
27Ac. closing at Ac net lower at 27Ac.
A heavy trade was done in provisions
and a further respectable addition was
made to their value. Trading was
chiefly for July delivery with consid-
cradle transactions, however, in Sep
TENDER. The only sellers were people
who had bought WIN prices were lower
and although they had a great deal to
dispose CT and in the doing of it the
early bulge was wiped out, the buying
was so persistent that prices were again
advanced Liverpool reported rise of
IS Sd in the price Of lard, a most extra
ordinary advance for one day. The To-
cal run of hogs was $4,000 head and
prices at the yards advanced 15@25c
for the day. Closing quotations were a
trife under the best but showed the
following advances in July futures:
Pork, 221ac, lard 10c, ribs 2212c. July
pork opened at $12C5@12 10, sold be-
tween 1.90@1220. closing at $12.10.
Lard opened at $6621a@6.70, ranged
between s6.52@672, closing at 1913.
Ribs opened at $6.15@6.25, sold be-
tween S610@6.30, closing at 1927.
Estimated receipts for tomorrow:
Wheat, $50 cars: corn, TAO cars; oats,
800 cars; hogs, $4,000 lead.
The leading futures ranged as follows: