The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-07
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cH1cAGo-May wheat today eoy-
cred a range OF ten cents, closing "a
shade lower. July covered o range Of
y,itc. closing at 1Ac. July covered a
range OF teiisc, closing nt(1Ac decline.
Letter sold 275,o00S bushels. chiefly To
milfers. Other grains were heavy.
Corn declined hIEc: oats unchanged.
Provisions were neglected. Pork closed
S5e lower; lard and ribs 10dl2Mctlower.
respectively
Foreign news available at to-day's
opening OF the wheat market was all OF
q Sbullish character. Liverpool records
cd advances OF I'd for May. down 10 90
in September option. Paris rose tho,
equivalent OF 2Ac; Antwerp 1Nc. Mark
Lane reported gains OF &c per blishel
since Wednesdays market. Chicago re-.
celyed lS9 cars, against t1s d year ago;
Minneapolis and Duluth got 500 ca.s.
compared with SOL last week. Argentine
shipped 1,S92,000 bushels! ugainst ,e36, 900.
bushels last week, and $4,000 last year.
Primary receipts at western markets
were $4,000 bushels. against 3SS, 900.
bushels last year. The opening trades
In July. regardless OF foreign advances
were at 81 00Q1 i00it, a decline OF 3iS@
exc. May started at 81 asQl AZ, aadrop
OF 3G4c. These losses were entirely MT
tributable TO pit conditions. Scattering
longs wanted to realize, and found a
concession necessary. But the market
coon began to give symptoms OF recov-
cry. Before the end 5ofinn hours trad
Ing, early sellers were on the run, and
July had sold up TO 81 o. DomeStic sta.
tistics were Of 40 Significance except
that primary receipts MI orded little In.
dication OF supply exhaustion nndS en-
eourased short selling OF distant ifu-
lures. Hcsltancy In this market appar.
emily affected the foreigners and Liver,
pool eased off until at the close net
gains there were limited ITO a2MdS In
July. Strong outside markets kept the
Chicago pit trade nervous and fiuctua-
lions were violent over a narrow, range.
July made q top figure at 81 00@1. 02lS.
after which It slipped agSin to 81 OOH,
recovered to 81; 0lG. and was ut II
o'clock, quiet for a while around 81 OH
and 81 OH. September! during the same
time rose from save 10 sac, back 10
83Sc. up to 85c. and ,downjagalnr to SIC.
May on light demand reacted from
81 40, where It hung listlessly during
the first two hours to IL So. Letter sat-
isfed the demand at 81 so and the close
was at S1t49A bid. July eased OF to
81, 00& near the close, rallied to 81 .0lH.
closing Nc net lower at 81 OF sellers,
Letter reported sales OF 275. 900 bushels.
half OF It for export. Foreigners. he
said. had not responded to the ad-
vances demanded last night. Engage
ments were made by Letter at the sea-
hAarf for ttvarf ~ r,N cto n rparru ,,,tNh "a
carrying capacity OF four million BUSH
els for May and June sailings.
Corn opened weak and lie lower, with
wheat. Agood demand. both for OPP
tons and cash grain developed and the
market quickly recovered. Chicago re-
ceived 537 cars. Crop news to-day be-
gan to take on an unfavorable aspect.
Frost reports were at hand from points
in Kansas and Nebraska and planting
operations were reported generally de-
layed. One sale OF 100. 900 bushels was
made bycable. Seaboard clearances were
1,676.0 600 bushels. Near the close some
realizing caused a NC reaction from the
top. July opened &c lower at $3.50
33Sc, sold up from 33hc to 3ikG34Sc.
closing HG&c net lower at S4c.
Oats started lower with wheat. but
rdllleu anu ruleu HTHH On large export
sales at7the seaboard. C%learances were
245, 900 bushels; Chicago receipts 331
cars. July opened V @1kcj lover at
26A626&c. sold up from 26hc5 to l27Ac,
closing unchanged for the day at 3G&c.
Provisions were dull. casing on after
a steady opening on packers selling.
Lard at Liverpool was. quoted Sd lower;
bacon dull and unchanged. The trade
was narrow and featureless. July pork
sold between sl1. e0@11 20. closing CSC
net lower at Sill 90. July lard IS S2lA9
5 30, closing 1oc net lower. at IS S2s;
July ribs IS 5aE15 So, closing 2hAc low
'er at S. 5915@5 S..
Estimated receipts for tomorrow:
Wheat, 1G5 cars; corn, 625 cars: oats.
$50 cars; hogs. 90 900 head.
The leading futures ranged as follows: