The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-15

cHICAGo-coarse grain and proyls.
lon markets occupied most OF the ntten.
ton OF traders on Change to-day and
new high figures in those markets were
recorded. Wheat though dull. was
strong on the foreign situation and
closed with 10 added to Its previous
May prices. Corn advanced &c, oats
hgMc and provisions closed from 100
25c higher.
AT the opening and for about half an
hour thereafter wheat was inclined to
weakness Heavy receipts were report
ed as the result OF accumulatlons as
since Friday. Minneapolis and Duluth
reporting .St3 cars, against $50 last week
and 2S5 q year ago. Chicago received Ill
cars, u OF which were contract. In nd
ditton early Liverpool adylces showed
HRld decline In futures, though cash
the foreign market was, however, over
hooked by local traders for the time be-
Ing. The French crop outlook was re-
ported as being favorable. Initial sales
OF May. which closed Friday at s7X@
91hc. were made to-day at HMG97ihc,
and for some time the market fiuctuated
between those two fractions. Offerings
were not at all heavy, but there was an
almost total absence OF buying orders.
Gradually the market took on strength.
Figures on the Liverpool stocks ex-
planned the strong cash situation there
and also drew more attention to the ad-
Vanees In the cash market. Liverpool
stocks showed a decrease OF 1871, 900
bushels for the week, leaving but 1872
600 bushels, against $3.50, 900 bushels q
year ago. English country markets
were quoted from Cd to IS per quarter
higher than on Friday. Covering by
shorts and q little general buying was
started when later cables were received
showing Ad recovery in the March de.
livery at Liverpool, and the May price
was slowly forced up to 9Shc. Here a
reaction occurred under realizing sales,
May dropping TO 97%c, where It was
stopped by reports Of poor threshing re-
turns from the Argentine crop and
statements that the figures of the yisi-
Bile surplus Of that country would prob
ably be materially reduced. This caus-
ed renewed buying and n recovery to
Csc. Then for two hours the market
was exceedingly dull. Acting on the
belief that the Letter party has control
or the wheat market. many OF the pro-
fesslonals went over Into the other pits
to do their trading. and so dull was the
market for q time In consequence that
brokers reported difficulty in doing bus
mess in even moderate sized lots. Some
nervousness was shown at times. prices
n~uctuating rapidly e a narrow range.
The visible supply showed a disappotnt-
ingly small decrease, 1888, 900 bushels.
notwithstanding the recent large ship
ments. and encouraged short selling.
which resulted in a decline to 97Mc.
Late in the day the market became
strong again on reports OF good export
engagements, and prices advanced to
the highest point of the day. Clear
ances from Atlantic and gulf ports were
put at 100000 bushels In wheat and
-four. May advanced to 9Skc and clos
ed strong ut 0Sh 99SAc.
Corn was very active throughout.
Heavy receipts, S45 cars, and the OPEN
ing wheat decline caused selling by
smaller holders at the start and the
market was weak for a time. Active
speculative buying followed, the market
becoming very firm as wheat and pro-
visions advanced, and a marked Increase
in inside trade was noted. There was
moderate realizing on the advance, but
the general tone was firm to the close,
May ranged from s0sc to 29S G29Ic,
and closed Ac higher at BOZ 430Ac.
There was an active, stronger and
higher market for oats. Following the
opening declines in other grains, the
start was easy, but strength was deve,-
oped In those markets and caused good
general buying and q gradual advance.
There was free realizing under &c, but
all offerings were taken and many SELL
ers were forced to. cover. A good export
business was reported. which was q fac
tor. May ranged from 26%c to 25%c,
and closed A9Sc higher at 2GAc.
Business In provisions was the largest
for some time. The market was strong
throughout and new high levels We're
reached. Heavy weekly exports and a
strong hog market were bulIlsh infiu-
ences. Opening prices We're at moder-
ate advances and under a general de-
mand, in which outside buying was
prominent. prices advanced steadily.
Packers were sellers at around outside
figures May pork closed 25c higher at
$40 IS, May lard 10c higher at s. 70, and
May ribs l2hc higher at IS 321I:.
Estimated receipts Tuesday: Wheat
10 cars; corn $50 cars; oats AGO cars:
hogs $1,000 head.
The leading futures ranged as follows: