The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-15

figures Letter supplied everybody who
/ wanted wheat and the result was O. re-
| action 10 81 10 and later to 81 '09, but nc
indication Of weakness was shown. The
bulk OF the trading, however, was done
In July and great nervousness was
shown among traders In that delivery,
Opening prices ranged from S9dS93sc, an
advance OF 1AG1%c over yesterday, the
influences governing May being the fac
tors in July also. For half an hour
! trading was extremely heavy, shorts
frightened at the recent rapid advance
| and the character OF the news, taking
everything In sight. But long wheat
which has been accommodating came in
the market In immense quantities, hold
ers being satisfied with their profits,
and under this liquidation the price was
hammered down to SSKc. It worked
back again under a gradually dccreas-
Ing trade to S9h GS99sc, but there was
evidently plenty OF wheat on tap at
around soc, and the price soon got under
that figure. For about two hours the
price swung back and forth, now above
S9c, then below 1t, but with the ten
dcncy In the main toward lower level,
as the short interest became eliminated.
Short selling In expectation OF n good
reaction finally started, and half an
hour from the close the selling move
ment had become general, many OF the
early buyers Offering their lines. The
result was decidedly weak market for
short time. not only the carly advance
being lost. but n full cent besides. It
looked as if the market would wind up
with the advantage with the bears, but
shortly before the close Letter brokers
started to bull the May price They
were eminently successful and new
seasons high mark, 81 111s, was estab-
llshcd. This strength In May was quick
ly reflected In July. Liquidation stop.
ped and shorts extensively covered
again, July from S7llsc TO which figure
It had declined. 1t rallied to and closed
steady at ST7sc. May. wound up at
81 HE.
| Corn early was active and firm, the
advance In wheat and higher cables
bringing lnrge buying orders Into the
market. Extensive and general selling
ensued and the market became compar-
| atively weak. remaining In that condi-
ton until lite In the day, when the
large export business and the final rally
In wheat steadled the price. May rang
ed from 30ia to SOMI3OHc, ind closed
BRAc higher at 30A @30&c.
Oats followed closely the fluctuations
Of wheat and corn. Early pricds were
sympathetlcally higher with good COW
erlnG by shorts. Prices soon saggcd un-
der realizing and rallied again with the
lntest strength In other grain markets.
business as n whole wns quite large.
May ranged from 26% GD2G%c TO 26c, and
closed unchanged at 2GAc. ~
Provisions was the one really weak
market on the floor Prices were lower
from the start. and the market Mt no
time showed any strength. There was
scarcely any demand and the opinion
was expressed that packers were un-
willing to permit n bull market now
with the summer run Of hogs Just ahead.
May pork closed 15c lower at 80 TIE.
May lard &c lower mt IS 12is, and May
ribs sc lower at IS 12I1s. i
Estimated receipts Friday:
Wheat Z? cars; corn $50 cars; oats 1875
cnrs; hogs $4,000 head.
Cash quotations were ms follows:
| Flour-Pr!ces up 15@20c.
Wheat-No. . spring 05cds1 or; No. 2
rcd 81 1901 1911. 3 Z, q. IA &,
Corn--No.l2, 3oA 6S0Gc; No. yellow
corn closed at 30is oslo.