The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-04

CH1CAGO-It was an Irregular mar
ket In wheat to-day. July was strong.
though dull and closed at an advance OF
Nc. Reports TINT Spain had reduced
the duty on grain and ordering to the
continent Of California cargoes ailoat
were factors. May was strong for a
time, but selling by interests who have
been disposing OF II for two weeks ultl-
mately had its effect, the close showing
&c, decline. Corn and oats were dull,
but strong, and closed ]G9%c and * @
&c higher. respectively. Provisions were
also flrm and advaoced !104223lsc.
lWheat started with aldecided up turn
in July, that option opening h92c
higher at 9lh@91Sc, The bullishness
| of yesterdays close was apparently
still prevailing and enough OF the early
news favored buyers to give the mar
ket at the start a firm tone Northwest
receipts were moderate, Minneapolis
and Duluth reporting 273 cars, against
264 last week, and ST. a year ago and
Chicago receipts were II cars. OF which
25 were of contract grade. The Price
Current said the condition OF winter
wheat was somewhat prejud!ced in a
limited portion OF its area"
The advance, however, induced lot
of selling. and Influenced by some bear
ish news the whole trade for time ia
vored the; selling side. For half an
hour or SO there was considerable pres
sure put on, the price OF July dropping
to Ole under the liquidation and May,
which had opened &c lower to Isc high
er at 81 05,s to 81 OF, dropping to 81 o5ai
Liverpool was weak, and showed I'd
decline. California reported crop pros
poets excellent, after the recent rains
there and primary receipts were heavy
at 100000 bushels. About an hour after
the opening the market again turned.
a little support in July by the most
prominent bull interest brought shorts
into the market with moderate buying
orders. Reports from New York TINT
half the California cargoes ailoat have
been ordered TO the continent also caus-
ed some buying and general improve
ment In values ensued, July advancing
to e1Ac and May to 81 o6st. After IL
o'clock the trade 1uieted down great
deal. There was q general Stacking OF
the buying demand and prices slowly
dropped. Reports that the President
had been informally advised that the
Maine explosion was from without Gre
ated additional easincss around the
noon hour. May especially showed
weakness. Selling of that option by O
firm which has sold heavily for two
weeks was again prominent all day and
made that end OF the market rather
loggy toward the close of tho session.
After mid day. however, July again
showed some snap. It had In the mean
time declined to size, hut under q
brisk covering demand, and some out
side buying, prices were sent up to
91&c. Near the close realizing mostly
BY professionals became loo heavy for
the dull market to stand UP under and
q gradual decline took place, July final
ly getting back to 9l14c, where It.
closed. May slid off to 81 90 and closed
at that figure.
Corn was strong though not especlal-
ly active. Offerings were very scarce
and shorts had some difficulty in cover
ing. resulting in good advance In
prices. On little reaction, the top fig
ures, the buying became quite general,
outside support being given the market.
and the close was strong. Shorts and
local professional bulls were the best
buyers, commission houses doing most
OF the selling. May ranged from S0Stc
to 2oHc. and closed AQSc higher at
30Mc.
The market for oats was fairly active
and q good deal OF strength was shown.
Strength OF corn and wheat induced
| some buying by shorts and with light
offerings prices advanced easily. Elc-
vator people were good buyers. May
ranged from &c to 269s 42Shc, and clos
ed H9hc higher at 26%c.
| r Provisions were very strong though
trade was rather duh. A firm hog
market started prices higher, and un-
der good buying by shorts and outside
people. the market advanced steadily
The, demand became Quite urgent near
the close. Mhy pork closed 22lkc higher
ut $40 G1R, May lard 12kc higher at
80 30, and May ribs 10c higher ut S. 27Is.
Estimated receipts Friday: Wheat IS
cars; corn 575 cars; oats ECO cars; hogs
q. 900 head. ,g, Il, a / n.
Cash quotations were as follows:
Flour dull.
Wheat-No, 2 spring 93095c; No, q
spring 92699c; No. 9 red 81 ObjhdD1 o5Y.
/ Corn--No. 2, 2assc; No. q yellow 29sGc.
Oats-No. 3, 2GSc; No. q white (, o, b,
2SH9S0?sc; No. 3 white 2S1k92oc.
Rye--No. 2, SOC. iz.SJ z iiiis
Barley--32ikGaec S.. &:
Flaxseed--N i, Il 81 ;?liL. y
TimDthysecl-;Prime, 50 g5dD2 oIls.
L Mess Poris-PerI barrel $40 ,GOf0lO Go.
Lard-Per 100 lbs, Sc 22ls as f25.
Short Rlbs--SideS Qoose) Sc loGD5 40. AZ
Dry sailed shoulders (boxed) A q 6p5c. a.
Short clear sides (boxed) IS 1905 co.