The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-30
Breadstur. and Provisions.

CHICAGO-Gra!r and provision mar
kets were all lower to-day, the weak
ness being especially pronounced In
wheat. Washington news caused gen.
eral unloading. Wheat closed with a
net decline Of &c for July and q cent for
May. Corn and oats closed A@Sc
lower each and provisions declined 2hc
for ribs and 10c for pork. Lard was
better supported and advanced 2hc.
Wheat opened exceedingly weak. mi
tlal trades In July ranging from S3A to
s3hc. or S@%c under yesterdays clos
Ing price. May was a cent lower ut
81 VA and declined at once TO 81 Oh.
That future, however, was little heard
from and remained at that price with
scarcely a trade OF note until late In
the session. In July settings orders
were prominent at first and it took but
n brief time to break the price to S25Sc,
The break in Wall street stocks and the
days developments ut Washington cre-
ated decided uneasinesS amoEg traders
and led to the abandonment Of much OF
the wheat taken on during yesterdays
advance, and to the almost total with
drawal Of influential support from the
market. The situation as to Cuba, in
deed, constituted about the only feature
OF the market, as little else was given
any attention. The market continued
to drop for an hour. getting down as low
as S2Rc, when buying against puts
caused a rally to .S2Bc. Outside OF this
demand there wa little buying from
any source. and the market again
sagged, though slowly, until around the
Don hour. Then greater weakness was
developed. The proceedings In the
senate resulted in II lot of long property
coming on the market dnd Increased the
volume Of short selling In a marked de-
gree, July breaking under the pressure
TO size. Then the market hardened
under q Covering movement which u.s.
sumed respectable proportions for n
time and caused u rally to S2Sc. North
west receipts were moderate to-day.
Minneapolis and Duluth reporting ia
cars, against $50 last week and III q
year ago. Chicago receipts were III
cars. 81 Of contract grade. The total
addition to the contract stocks was
about 1871, 900 bushels. IS cars and 50, 500
bushels coming from the milling houses,
Cables were rather disappointing, show
Ing but little response to yesterdays
rally here. Exports amounted to about
400 bushels. The visible decreased g.
$4,000 bushels. Near the close n sharp
break In May, caused by, the attempt to
make n fairly large line IN supported
market. resulted In renewed activity
among the July bears and prices slipped
off again In a very short time to size.
After the Liquidation In May was over,
Letter brokers had no difficulty In bid
ding the price, which had fallen to
81 Ole, up 10 81 OH again, and this
quick reaction caiscd IL Ettle better
feeling In July. The market rallied TO
SlMGS2c, and closed nj that figure.
There was quite heavy selling Of lonc
corn all day and the market WIS weak
from the start, The break was alto-
Eether In sympathy with wheat and the.
Washington news. Shorts took most of
the offerings. There was some recovery
from the bottom late In tho session.
Mny ranged from 20 to 2S%W2S&c, and
closed kG&c lower Mt 2S& @2SNc.
Oats were rather SLOW and weak. Ii.
quotation which marked the carly