The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-17
Bread.,ufl. nnA yI.Ion, |.

fsa CHlCAGO-Wheatt to-day closed at an
advance of about &c for May. Trading
was almost altogether OF scalping
character, and the firmness was the re-
suit OF an unexpected advance at Liver
pool. Other markets dull and heavy.
corn and oats closing about &c lower
each and provisions lost 211s6T,sc
Wheat was surprisingly strong when
-contrasted with the weak feeling that
prevailed at the close yesterday First
transactions In May were at from 9O3s
5 10 90lsc against 90G90Mc the previous
afternoon and in about half an hour It
was able to be sold for second or two
at 90%c. Calls for the day had been
sold at 90isc, but It was said most OF
those privileges had been bought up by
people who were short as a safeguard
against the possible eccentricities OF SO
erratic market. The Liverpool market
closed from sd to ed higher than It did
yesterday. This was somewhat OF sur
prise to traders, many of whom had sold
short yesterday In anticipation OF de-
cline here to-day, and caused considera-
bic covering. The weeks shipments Of
wheat and flour as reported by Brad
streets was 5,13S,000 bushels against
3,4S1 900 bushels the week before and
3.9iS,0o0 bushels the corresponding week
Of 1897. That suggested n total OF per-
lhaps 100000 bushels from all sources,
but Beerbohm's estimated that the
worlds shipments for the week would be
on Monday about 5000, 900 bushels. The
Minneapolis and Duluth receipts were
1913 cars against 35I the corresponding
day OF the previous week and 294 a year
ago. Chicago receipts were So cars, IL
OF which were contract quality. The
snow that was falling and had already
fallen was a reinsurance regarding the
promise for the next crop. Liverpool
reported spot wheat weak and I'd lower
for California, with sellers Of Argentine
wheat at I'd per quarter lower than It
was offered Friday. The closing contl-,
mental cables showed some recovery
from the previous days heavy decline
and that tended to strengthen the hands
OF the bulls. Paris showed a rise of 60
icentlmes In January flour and 20 CEN
times In March-June, besides 30 CEN
times In January wheat and five CEN.
times In wheat for the March June term.
The exports for the day were modar
! at 100000 bushels.
+ business was at no time Very heavy.
While trading still continues 10 be done
chiefly for May delivery, there is a
growing disposition to work clear OF It
and transfer speculative dealings Into
July the proportion of trade In which Is
growing daily. After the early advance
. In May to a0&c the offerings somewhat
exceeded the demand and the price sag
ged to between 90Nc and 9OlSc. but got
good support at that and closed at 90ikc
bid. aZo Y
Business In corn was extremely dull
and merely OF a scalplng character. The
general tendency of the market was
downward. more from dullncss than
any bearlsh news. The dullness, how
ever. prevented prices from declining
mitch. Export demand was reported
good. May ranged from 29Ac to. 2sID
29c, and closed nc lower at 29c. ~
Oats were dullcr II possible than corn.
There was some buying of May supposed
TO be against sales of cash oats. The
marketwas Inclined TO casIness through
out. Scalpers sold spnrlngly. May,
ranged from 23A to 25ssc and closed n
shade lower at 239sc. y
Provisions were dull and easier, The
hog market was tlrnier, with slightly ar
tected the opening prices, but the mar
ket evidently had not recovered from
yesterdays heavy liquidnt Ion. 4 There
was moderate selling by commission
houses to-day. AZ The close May Dorl;
was sc lower at SO IS. May lard 2Ac
lower II s. Is and May ribs 2lSc lower
at 81 Gfk. &1595 5sS.Is5 II =.
Estimated receipts Monday:
Wheat y cars; corn 275 cars; oats 2O5
cars: hogs 10000 head III Il &, s, +. i h,
Cash quotations were ag foIIows. "