The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-13

u, CHIcAGo--Wheat to-day lost all the
advance 1t acquired yesterday and sold
sSi,ssG%e decline. The market received
some support from the Letter interests
lby weak news and general apathy OF
traders, resulted In a decline In spite
OF this buying. Corn dropped A4Mc in!
sympathy. Oats closed "a shade lower.
Provisions were the only strong market,
ON the floor and advanced 5@l0c.
n Opening prices for wheat showed n
slight decline, May starting at 903i %
903sc, as compared with yesterdays
close OF Ole. This was because Liverpool
Showed q very small advance in re-;
sponse to the gain here yesterday and
Paris opened weak and lower. Then
the western receipts were again too.
heavy to be comfort TO bulls and
smaihreceipts here were the only cir
cumstances that they could claim In
their favor. Trading was restricted by
the general bearishness OF the spccula-
tive crowd, which prevented them from
buying and their timldlty at the same
time OF being caught short under the
well known threatening local condl-
lions that now exist. For n short time
after the opening the market did show
some strength. Brokers for the Letter
interests were fair buyers at 90Sc and
their example In this respect was fol-
lowed by some. OF the small frr, the
price as a result advancing to 9lAc.
Rumors that the French duty on
grain was about to be reduced were
Professionally circulated at the opening
and helped In the advance. Denials soon
became so unanimous, however, that
the crowd dropped the tariff reduction
as a motive for the decline at Paris and
the market here eased off from that
time. Chicago received eighteen cars.
Minneapolis and Duluth received 1851
cars, gainst 1853 on the same day OF the
week before and 2l3 the corresponding
day OF last year. Thereceipts at west
ern primary markets were 100000 BUSH
els, against 100000 bushels the cores
ponding day OF the year before. Liver
pool advance was only Ad perennial
and Paris opened from centimes to 10
centimes lower. Beerbohm cabled that
Argentine wheat sold at SSs Cd, or the
equivalent OF 81 00is, and that cargoes
of that wheat were being freely offered
Ito arrive. On the other hand the Min
'neapolis dispatches reiterated their
constant theme of coming scarcity In
that region. s3s.
The export clearances OF wheat and
flour from the Atlantic ports amounted
to $4,000 bushels. Closing cables
brought lower quotations from contl-
mental markets. while Liverpool closed
about I'd lower for next crop futures.
September showing I'D advance. Paris
quoted -four for this months delivery
As centlmes lower and for March-May
Is centlmes higher; wheat confines
lower for both immediate and remote
deliveries; Antwerp % centimes lower
for American red and 12i. centimes
lower for Walla Walla. The price OF
May fiuctuated between 90ssc and Gle
for the greater part Of the session and
at o'clock was selling at 90Sc. In the
last fifteen minutes Of the session sup
port almost entirely disappeared and
operators who had become long" on
the early French rumora held consider
able difficulty In unloading. May de-
clined Nc. but rose rapidly in conse-
quence and was quoted at SQkc at
the close.
Corn was very quiet. The marketwas
quiet at the opening with, wheat. at
turned firm on the prospects of a cold
wave, but turned easy again as wheat
declined and showed weakness for 1.-THE
rest OF the session. Shorts who covered
yesterday. did the selling to-day. May
ranged from 2s&c TO &c, and closed 9t9
sc lower at 29929isc.
The market for oats was slow. Some
firmness was shown at the opening un-
der fairly good buying by commission
houses and on the good cash demand,
but later prices fell off with wheat and
corn. May ranged from 2S;sc to 2S&c
and closed shade lower at 23ss @23%c.
Provisions were strong throughout.
Much lighter receipts OF hogs than eN-
pected started the market at small ad-
vances all around. Some reaction fol-
lowed. but at the concession there were
plenty of buyers and second and
more material advance quickly ensued.
The market was well supported to the
end May pork closed 12lkc higher at
50 so: May lard SC higher at 81 SIS and
May ribs l0c higher at 81 so.
Estimated receipts Thursday:
Wheat. 81 cars: corn. 4lO cars; oats,
800 cars: hogs, 81, 900 head.
The leading futures ranged as follows: