The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-21
BT.aaanfrs and proyl.Iona.

6sCHlCAGO-TheE bulllsh$ tone OF tho
news from france andsLelter's buying
Of! September wheat advanced July d%c
and September " Sto-day: Corn and
oats followed wheat, July corn3closing
nc higher and J July oats up &c. Provis-
ions closed loo higher for pork;6597c
lower for lard and &c decline in RIBS
Wheat was helped chiefly byss Paris
gossip Sofi cold. wet weather and Of the
estimated CONTINENTAL requirements,
.whlchgWere reported to be 80, 00o.0 900
.bushels4 for the next ten weeks There
was also some gossip as to the likell-
hood OF aSprolongationSo fathe French
tariff suppression. Statements on this
point. have been conflicting; some 2ap-
.parentlySbelieving that an extensIon7to.
September lis possible. Liv-
erpool2cables were * @2Ad lower. Wet
weather In the wheat growing sections
ofitheSUnitedS States gave rise to some
apprehension %ofSrust which lis much
more destructive ito the wheat plant
than Chinch bugs or &locusts. ASnoyel
feature was introduced bysanJ attempt
of:one; or two bears to do some. business
In the June; delivery ut SO great dis
count under Mag price as to! createS&a
weak feeling in the later, deliveries. The
price bid fortune was 81 1171A{to begin,
With but there was none for sale. and,
then brokers for2the controlling interest
took the matter up and without minc--,
ing matters bid 81! s. for. June and from
that to- 81 40 without discovering a SELL
err. That at once disposed of the little
June by-play. Mayawasf for. sale to- @
limited exten. at from SLAP to begin
with down to s1E40 and back again; to
SLAB.
The dizziness Of the trade was the,
chief local encouragement to the bears
and they did not neglect it. The market;
was evidently in need of buying or.
fresh bull news to keep September
above ssci and getting neither for some.
time in sufficient quantity It became
weak for fifteen minutes OF the last
half hour. Trading increasediin activ-
sityR as the price started downsand II
went from around sec to. SSh0SSAc be;
fore help came: butsa a. that point Lex
ter, who was. on the floor, started his
brokers' after the short sellers and II
shot up one cent or more In a few min
utes and then It got to be. In universal
demand. There was q report current.
that a French partytw was trying to buy
a;larget parcel of cash wheatafromEJo JOS
.eph Letter and this also hadsFa
strengthening influence. Receipts here
were 271, cars. against eleven the same
day last year. Minneapolis. and Duluth,
reported Al cars. On the correspond
ing day last year there were Ats cars.
Atlantic port c%learances of EwheatSand
-four were equal to SIG 900 bushels.
July wheat started re lower to Bla15c
higher at 81 05% OIL o711s.S, advanced
steadily TO s1:09, reacted to 81 05h;nnd,
rallied to Sli0SB at the close. Sertcm-i
Der opened h@Ac4 better ut S9Qsshc.t
rose to S9hc, fell. back to- SSh1SSAc:
then up to Sshc.t the closing figure May
and June closed at s1S45.
AZ Heavy rains In most Of the corr, states
with more predicted for to-day, hadiSa
.bullish influence on that cereal. The
trade was large with short buyers and
with the bulls also increasing their
lines. Arrivals were 392 cars. July.
started &c higher at 35AabS6c; sold up.
to 3G@S6Mc;. declined TO 80 &c and adj
,vancedSto f35%@a5Ic bid at the close.
In oats the start was firm with corn,
but trade was light and ~featureless.1
Receipts 271 cars. July &c higher mt
26Ac' strengthened to 2eXc, back tos2693
26Mc with 26M$ bid at the close.
The provision market was fairly ac-
tive, but difficult to follow to-day. Weak
with any selling, but rather firm with
any buying orders. Certain packers
covered recent sales. Pork was firm;
lard md ribs easy, hogs 1o@15c lower
Receipts 800 0Shead. july pork opened
&c lover at si2 .00@12' 05,S sold up stead;
lily to s12 % and easedl OF TO sl2 20 at
the. close.
Estimated receipts for tomorrow,
Wheat, 275 cars;scorn. 500 cars; oats,
$40 cars; hogs: %. 600 head.
"A The leading futures ranged as follows: