The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-29

Observation-Disclosures at LIVER
pool and fine harvest weather gave the
bears in wheat an inning to-day. July
left off 1870 down and September de-
clned &c. Corn lost %1!c and oats
closed 1Bc lower. Provisions also show
declines. pork &c, lard lac, ribs 2hc.
Nearly everything was against the
price Of wheat at the opening. The most
depressing feature was the sharp de-
cline and apparent decentralization which
prevailed In Liverpool. That market
seemed wholly Indifferent TO our advance
yesterday and July there was equal to
4Sc lower than the close last night. The
weather was TOO fair and favorable
throughout the winter wheat belt, In
marked contrast with the conditions
which prevailed yesterday. This i'm,
provement In Itself was weak factor
and when the slump In Liverpool was
added the bearsh sentiment became
Irresistible. Much OF the long stun
taken on during the prevalence of the
bull sentiment yesterday was liquidated
and there was active selling for the
short account and hammerng of the
market by professional bears. July,
which closed at f3c last night, sold down
TO tic during the first half OF the session
and September showed loss of 144c
selling at 65&c. Prices rallied some
what on reports from various sections of
the country and more especially from
Kansas, re!terating yesterdays ad-
vances about the sudden deterioration
OF the crop prospects. Lower closing
Liverpool cables caused another sag In
values and the market was heavy at
slight improvement on the lowest price
Of the day until Bradstreets report of
the change OF the week In the worlds
visible was received. That gave q de-
crease In all positions of-l0. 55G, 900 BUSH
els and caused slight rally. But the
advance merely served the purpose OF
the bears who had come 10 the conclu-
sion that all the crop damage that had
been heard OF would still leave more
than enough wheat for all requirements.
and constantly extended the glad hand
to the buyers on Brads,reets statement
and accommodated them with all the
wheat they wanted for future delivery.
Prices fell on one cent, but recovered
some OF the loss before the close. Chi
cago received nine cars against twenty
nine last year. Minneapolis and Du-
luth received 65 cars compared with 3S7
the Year before, The Atlantic port clear
ances Of wheat and Hour were equal to
about 100000 bushels. July opened 1IlGD
2clower at 710I1 hc. rose 10 ike, fell off
70 tic, then rose TO 7lssc bid, the closing
price. September began 'TGlhc down
at e6M0C6Mc, declined to G5Ac. rallied
TO G6lsc, then sold down to G69sc at the
close.
Liquidation In July bypromincnt longs
and The break In wheat started corn
weak. Later some of the early loss was
recovered on good buying by shorts.
July opened A@&c lower at 3llk@SlAc.
declined to sO5c, then nrmcd up to 3lc,
the closing
The heavy selling by July longs caused
a break OF lHc In oats. There was
partial recovery on good buying by
Efforts and scalpers. July started nc
lower at 2lAc, sold or to 2OMc, then raj
lied 10 20Hc hid ut the close. ST.
Heavy hog receipts and two moro
cases OF yellow fever In Mississippi were
the apparent cause for the weakness in
provisions. July posk opened TIC lover
ut 50 As, advanced TO 80 60. then sold m
to 50 47h, the close. July lard started
2hc down ut Sc 52lA and declined to So 40, 4
the resting figure.
4 July ribs began &c Off at Sc s2h, rose
to 81 40. then weakened to Sc 90 at the
close.
Estimated receipts for tomorrow: (.
Wheat II cars: corn 300 cars: oats l4O
cars; hogs $1,000 hcai.
Cnsh quotations were as roHows:
Flour--Dun: winter wheat pnter,s
81 1904 GO; strnsghts 50 1908 0O; special
y j. . u /. .|.. . o. v