The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-22
Bread.tur. and proviaon..

OBSERVATION-DISCLOSURES. not grain, led
the way to-day on Change. The excel
lent cash demand for hog products and
the expected call to supply the army
and navy influenced spectators to load
up with pork. lard and short ribs. Out
side buying orders were Eore numerous
than at any time since 1893. At the
end July pork showed al advance of &c
| per barrel. Lard and ribs gained 27k
G30c each. Wheat was very erratic
but recovered an early break Of 1Ac
and closed with a net gain for the day
of I1@1kc, the latter on September.
Corn and oats sympathized with the
other markets. closing EGBc higher
than yesterday.
With a big cash demand in sight and
the certainty of war the provision mar
ket started strong. Hogs were 10c
higher at the yards. July pork opened
600 higher at $40 80, but the advance
was me; with free miscellaneous selling
and prices sharply declined. At inside
figures, however, the urgent demand
prevailed. and as offerings were moder-
ate there was considerable competition
for them, resulting in a runaway
market" and 4 sharp advance In prices
from all descriptions, which was well
supported to the close. Shorts bought
freely. Packers inclined to sell ut the
advanc.. The receipts of products
from the Interior were quite large. indi-
eating that packers are delivering free
~ on contracts-of lard and meats
about 81 cars. Shipments were only
moderate-of lard and meats about 1903
cars Foreign advlces exhibited consid-
cradle strength and Liverpool quota
lions were advanced one shilling on
backs and Cumberland sides and Cd on
lard. July pork opened at SO 30, sold
between $40 q and Si1 81. closing at the
| top. :
Lard and ribs advanced proportion
ately. July lard sold between IS AZ and
S. 6J. closing at IS 65 bid. a net gain OF
c7tsc. July ribs sold between So 400
8 81. closing at S. CT sellers. a net gain
OF 30c.
There was a revulsion OF feeling to-
day ut the opening among wheat trad
ers from the extreme bearlshness that
prevailed in the last half hour Of yes
terday's session. II did not fast long af-
ter the opening and la succeeded by n
fresh spasm of weakness. The strength
at the start was partly the result OF dis
covering the Righteousness OF the
Rothschilds canard that scared the
holders OF long wheat the previous af-
ternoon and that q state Of war vir-
tually existed. In addition to that, the
Liverpool market was again higher.
The reaction that followed the opening
bulge was the renewed expression of
the prevailing sentiment among the
most active OF the local heavy opera
tors. that wheat IL much too high In
view Of the fine prospects for next har-
vest.
Chicago received 113 cars. compared
with ITO last year. Minneapolis and
Duluth reported 1876 cars. compared with
30I the year before. The crop outlook
In the northwest territory vas report
ed very reassurlng and when later ca
bles reported the advance abroad lost,
professionals let go their holdings free
~ and July touched S7lsc. The unusual
strength In the northwest, With q rise
OF 2Ac at Duluth and lTc Mt %A1lnreap-
oils for july, and the uncertainty OF
the trnde us the effect Of war, checked
selling. The market gathered strength
and by 1890 had recovered the early
break. Closing cables from Liverpool
showed an advance Of 1d.in spot wheat.
Atlantic %clearances amounted 10 $50, 0OO
bushels OF wheat and flour. July
rose to SSMc. suddenly collapsed to S77sc,
but was grecdlly picked up by those
who failed TO get IN on the first bulge,
finally touching SoMc and closing Mt SOC
bid. May sold between 81 111s anu 81 ~,
closing ut the top.
Corn deceived tho local talent. July
opened higher with wheat but was set
upon by the bears and forced Off lac.
Receipts locally were 43i cara. Clear.
anees footed up $4,000 bushels. When