The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-26
nread.tufr. and Pro, i.lon,.

CHICAGO-Proft taking by shorts,
better Liverpool cables and the nssump-
tton that fireworks were probable In the
May deal, caused a rally IN wheat to-
day. July gained 2Ec and September
INC, Corn is Nc higher and oats show
an improvement OF H@Sc. In provis-
Ions pork shows a loss of &c and ribs
2kc. Lard is up 295c.
There was some recovery In wheat to-
day from the depression and weakness
which ruled yesterday. The Liverpool
cables came higher, which was quite un-
expected In view Of our recent weak
ness and suggested the idea OF manipu-
lation. especially as the continental mar
kets were all lower. Trade was dull but
the late bearish news and the bearish
statistics seemed to have been partly
forgotten and there was good deal of
profit taking. Another reason for
strength was the nervous feeling over
May and the general expectation that
Letter was sure to put the price OF that
month materially higher. The inference
was that all the futures would be bull
ishly affected by the excitement and
high prices in May and this with the
higher prices abroad started shorts to
cover and added somewhat to the ad-
vancement. There was an effort to put
more vigor and strength into July and
the effort was in measure successful,
being helped by the general expectation
Of bull manipulation by the party In
control Of May and June. The weather
was much cooler, but quite favorable for
growing wheat. Liverpool cables were
I'D higher. Chicago got 236 cars against
last year and OF to-day's number 1874
were contract. Minneapolis and Duluth
receipts were moderate. 1923 carloads.
The Atlantic port clearances OF wheat
and flour were equal to 636,00 bushels
and primary receipts were $4,000 BUSH
els against $4,000 bushels the similar
day of last year. July opened E4Sc
higher at 81 1901 12115, sold off to 81 09X
up to 81 11Z, back to 81 II. then rallies
to 81 12H at the close. September began
&c higher at 75s@SSc, rose to SSl5c,, fell
back TO size and advanced to $50
SSlsc, the final quotation. May ranged
between 81 81 and 81 10, the latter the
closing figure. {
At the opening corn was firm. but lost
for time the small advance 1t started
with and near the close recovered It.
Both periods Of flrmness were caused by
the strength In wheat. Receipts were
IA cars July opened B@Ac better at
34H @34Sc, sold down to S39sG3S&c and
advanced again to 34Ac asked at the
close. Covering by shorts helped oats
to-day. Receipts were 22S cars. July
opened Bc higher at 245sc, advanced to
24B@25c, declined to 241sc and rallied at
the close to 243s@25c.
The f1rmest speculative Articles In pro-
visions to-day was lard. There was a
good deal OF commission house selling
OF pork and come Of 1t was on stop loss
orders. Hogs are off 10@15c. July pork
opened 7kG1Oc lower at sl1 779n So,sold
UP to $11 IS, fell of to sl1 81, then adj
vanced to s11 So at theAclose. July lard
started SC lower at Sc 12h, advanced to
Sc 90, declined to Sc 10 and iirmed up to
Sc 2OG6 22s. the closing price. July ribs
opened &c lower at S. 95. sold up to S. 95
as 81, fell back to S. S065 81 and ad-
vanced at the close to IS %.
Estimated receipts Tomorrow:
Wheat 217 cars; corn GAO cars: oats $40
cars; hogs 5000 head.
The leading futures ranged as follows: