The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-15

NCHTCAGO--All the wheat futures
were weak to-day except May. which
had the usual support OF tho Letter In
terests, The extremely favorable
weather and the heavy additions TO the
contract stocks here were prominent
factors In causing liquidation which
continued all daS. July closed NGhc
lower. Corn and oats were compare
lively firm and showed little change at
the close. Provisions were heavy and
closed JGlahc lower. Wheat showed
some strength at tho opening. al
though II was not OF very long DURATION
Besides the favorable factoss, appllca-
ton to the board Of directors for a
margin price on May wheat, wheat had
no traders, both English and continent
tai markets showing unlocked for
strength. Liverpool opened lower, but
quickly advanced TO q point above Sat-
urday's figures there and Paris also re-
ported somewhat higher prices. July,
which closed Saturday at TisNS7Hc,
opened to-day at Size. For about 10 or
20 minutes there was quite 4 good sup
port given by shorts and not n little
reinstating OF lines which had been un-
loaded during last weeks decline was
apparent July was advanced to SIC,
the high point OF tho day, before the
reactlons started, Then the Influence of
the bad weather and the bearish routine
business began to be felt. Seeding anu
blowing was reported rs progressing
rapidly In Nebraska, with tho cont-
fient very satisfactory. Selling, which
this started, was augmented By the
enormous addition to the contracts.
Chicago receipts were 145 cars, 10 OF
which were OF contract grades The
linking houses" however, contributed
103 cars Of No. northern 10 the con-
tract stock, making In all about 100000
bushels to-day. Northwestern receipts
were heavy, Minneapolis and Duluth
reporting 40 cars, against eco last week
and 800 last year. The persistency
with which reports keep up In the
northwest In spite OF the reports OF al
most exhausted country stocks was not
all reassrring to the longs and an hour
from the opening selling was quite
general. Heavy ST. Louis operators
were conspicuous In the unloading and
almost no support Of consequence was
given the market until about an hour
from the close. July IN the meantime
selling down to S6ikc. AT that price there
was u good deal OF covering, principal
IL by local shorts and the decline was
checked. September, too. suffered, al
though but a limited business was done
In that delivery. 1t started S1Sc
higher at 79h079Sc, and when July
had reached its lowest point. It declln-
ed to 7S%c. May was offered in large
quantities, the pit crediting most OF the
selling to Armour, who was reported n
buyer OF choice wheat at Minneapolis.
Letters brokers. however. gave this end
of the market unwaverinS support and
succeeded Ia holding the price at 81 Oh.
although they had to absorb about
100000 bushels to do so. There was
some disappointment over the small
clearances, which were reported at e32,-
900 bushels. During the last hours
trading. July advanced to SIC, but slid
down again to S6isc and closed easy at
SGSc. September closed at 7S%c.
Corn was fairly active market ard
Notwithstanding the wheat weakness n
fairly steady one. There was q good
deal OF liquidation on the favora BILE
weather anfin sympathy with wheat.
resulting In slight decline. but good
support was forthcoming and prices
quickly recovered when the selling
pressure relaxed. May ranged from
30Ac to soc and closed q shade higher
at coke ]
Oats were dull. During the first half
hours trading a good deal OF weakness
was shown, purely of sympathetic ma
turc. Commission house scalpers took
part in the liquidation. Later the mar
ket became firm. influenced by q mod
crate cash demand and prices gradu-
oily improved. the close being steady.
May ranged from 2GIsc 10 26hI26Ac,
and closed unchanged at 26S G2GEc.
Provisions were weak. Liquidation
through commission houses and princi-
pally for outside parties was quite
heavy all dag and no ono attempted
much support. The weakness OF the
grain markets and uncertainty over TIE
Cuban situation were the factors. AT
the close May pork was 1o1kc lower at
81 S2k: May lard 5ITisc lower at S. 05G
5 OH, and May ribs. &c lower at 81 9IhG
5 90.
Estimated receipts Tuesday:
Wheat, 200 cars: corn, 400 cars; oats,
80 cars: hogs. $1,000 head.
The leading futures ranged as follows:
Articles Omen. High. Low, Close.