The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-31

CHICAGO-Wheat to-day felt the
heavy liquidation which was done near
the close Of yesterdays session and act
ed weak and irregular. May closed &c
lower. No attempt was made to do any
thing In January. Corn and oats very
heavy and declined &c lower. Provls-
ions. were firm without much trading
and closed unchanged.
Wheat showed some strength at the
opening. principally because Liverpool
had responded fairly well to yesterdays
advance here. Holders Of lines already
heavy were good bidders a. the start,
which was at 97A G97Isc for May. an ad-
vance of isG5sc. A good deal was for
sale a! those prices, but the selling did
not depress prices lower than 97c and
shortly after a general buying move
ment get In which carried the price up 10
Csc. That advance, however, raised
short selling breeze OF such strength that
in half an hour the advance had melted
away, the declining not stopping until
May was down to 96sic. The heavy
dumping OF long lines late yesterday
made many traders afraid to risk their
money in wheat at prices above 97c and
this fact had a good deal to do with
augmentlng the. liquidation which car
ried prices. Most OF the routine news
was bullish. Bradstreets' made the
weeks clearances of wheat and flour
from both coasts 5,110,624 bushels, COM
pared with 3.926,000 bushels the previous
week, and 2l5,0OO bushels the cores
ponding- week of last year. Chicago re-
ceived 46 cars Of wheat, only OF which
were contract. Minneapolis and Duluth
receipts were 800 cars against 1858 a week
ago and 1S9 last year. The total receipts
at western primary markets were 80, 900
bushels, against 205.00O bushels the year
before.
The days clearances from Atlantic
ports were again heavy, amounting in
wheat and flour to sos, coo bushels. This
latter item injected temporary strength
into the market. May recovering to 9T%
@97Ec. built soon fell back again under
renewal offerings and to lower level
than before, $3.50 being touched before
the reaction came. Shortly before the
close the market was given support,
Letter brokers being credited with good
buying at the bottom prices, and May
advanced to 96Sc, where It closed. July
was relatively heavier than May. IT
opened at about S6R &c to SIC, and the lat
ter was the highest reached all day, II
sold as low as SEC and closed at S6Kc, a
loss OF &c.
Corn was barely steady at a slight de-
cline from yesterdays price. The early
decline In wheat started moderate liqul-
dalton In corn and decline ensucd,
which was not recovered. Seaboard de-
mand was light and country offerings
were said to be Increasing. May ranged
from 29Msc To 29A929Sc and closed &c
lower at 297c.
Oats were firm at the start, with good
commission house buying and New York
demand. Prices held well for time, but
broke later under heavy liquidation by
iirm which has been unloading for scv-
erai days. Talk OF cutting prevented
the market declining more than It did.
May ranged from 247sG2ikc to 237s 6l2ic
and closed Nc lower at 24G2iBc.
Very little was done In provisions and
prices kept within an exceptionally mar
row range. There were moderate SELL
Ing OF stuff already showing good
profits, but offerings were readily ab-
sorbed. Trade was principally OF n
scalplng nature. At the close Nav porls
was unchanged at $40 90; May lard UNI,
changed at 81 S7lsD4 90, and May, rIhs
unchanged at s. 92I.,
Estimated receipts Monday: Wheat 5j
cars: corn 900 cars; oats 25O cars; hogs
10000 head. -.
cash quotations were MS follows:
Flour-Steady; winter patents 81 7O60
80: Strn!shts 81 300i 60: spring patents
- 60@i S0;spring specials S. 30; straights
~ 20Gd 40; bakers 50 5OGD3 80. 80
Wheat-No. 2 spring 93I95c; No. 3
spring hard 9i20i%c; No. 9 red ao@sI %
Corn--No. 2. 27Sc; No. 2 yellow 2TNc.
24kG25kc. Z. ~ - :.
Ryc--No. 2, 47Ac. n,
Bnrley-No. 2. 4, o. b. 42Sa37c, .ia
s Flaxseed-No. !, 81 25Gl 81.
{ Misunderstanding ss 50. q