The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-15

CHICAGO-The reported buying by
Armour OF Letters northwest holdings.
together with the complaint OF damage
by rain In Texas and Kansas, held
wheat fairly firm to-day. july closed
with loss OF 1lsc and September &c.
Corn and oats left off unchanged. Pork
lost 11ac and ribs 2At.c. Lard closed un-
changed.
The furry yesterday seemed 10 have
cleared the atmosphere on the board of
trade and to-day there was little to re-
mind one OF the disturbance except
lower. prices. The Leitertdeal was gen.
orally considered to be dead and buried
so far as the trade In deferred futures
was concerned, but the obseQuies OF the
cash end OF that remarkable specula-
tion were still 10 be performed. Wheat
started not far from the closing prices
OF the day before the bulk OF the trans
actions, although a few sales were
made at &c Improvement in September
and December deliveries, Weakness
very soon developed, however,;and July.
sold down three cents and September
and December about lie each during
the following half hours trading. 1t
became rumored during the forenoon
that besides buying from Letter all the
June wheat the latter had coming to
him, Armour 4: Co., had bought all the
cash wheat, held by the young specula-
tor in Minneapolis and Duluth. That
gave a little hrmer tone to the pro-
ceedings in the pit. The gathering
strength was Increased when the rumOr
referred to received the substantial con-
firmation OF the president OF the 1lli-
op5 Ca,,puS hoOk To corn :
plete the publish combination, the
weather was Btlll wet in Texas, where
much OF the wheat Is In shock and 1t
rained heavily In Kansas and other
western states where wheat cutting had
commenced. Liverpool contributed n
further item OF bullish news BY cabling
that the wheat throughout east central
Russia was threatened with total fail
ure from drought and that the worst
was probable. unless rain relieved the
situation within a week. The Liverpool
quo to TONS however, were anything but
bullIsh, giving clear Indications OF the
abandonment of n threatened July cor
ner In that market. july wheat there
was Is Sd perennial or the equivalent OF
&c a bushel lower this morning. than II
closed yesterday. but September was
Only alUWGT Ny tHt t'luNulCht VI IN u
bushel and December Tc. The July at
Liverpool had recovered about &c n
bushel OF It's early loss before the close.
Atlantic ports clearances Of wheat and
flour were equal to 10000 bushel. Chi
cago receipts were scventy-four cacs,
against fourteen n year ago. Minneap-
oils and Duluth received 1871 carloads
compared with 800 last year. July OPEN
ed unchanged to 1c lower at 7S6pT9c: De-
cembcr declined to 7Gc, rallied to 771sc.
the closing figure. September started
unchanged at &c higher, at 71I07llkc,
sold down to 69Ac. then nrmed UP TO
70S fI70Slc at the, close. + I u I. n x
The continued showery weather and
the more settled feeling In the wheat
pit created a firm tone In. corn. y, July
opened &c lower ut 32is 932Ac;, sold up
to 32Isc. down to &c, then up to 32Nc
asked Mt the close. &5ss i IS:
After a weak start oats flrmed up on
reports OF wet weather and talk OF
,rankness. Prices ut one time showed q
slight advance as compared with the
close last night. July started &c lower
ut. 23isc: sold down to 23M Gp23isc. rose
to 237S1?4c, then settled back to 23&3
,,24c. g. s. g !;
I Reports OF an Improvement In the yell
low fever situation In Mississippi to-
.gether with light receipts of hogs and
higher prices at the yards had a strong
Influence In provisions at the start. Tho,
market reacted later on selling by Eng,