The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-10

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CHICAGO-Thc deferred futures in
wheat again played an important part
In the operations OF that,market to-day.
They showed more or less strength
throughout. bad crops bringing outsld-.
ers into the market with buying orders
for September and Decembep May
and July made advances but lost them
on realizing, each closing fractionally
lower. September on the contrary ad-
vanced Zc. Corn was quiet but strong
and closed, nc higher. Oats were q
shade better at the close. Provisions
were strong and advanced fk4l21sc.
Everything in the wheat pit showed
strength at the opening. July starting
AQsc higher at 9lKG9l3sc, and May
k@kc higher at 81 0541 05A. The only
apparent reason was the firmness in
European markets, both Liverpool and
Paris showing good advances. Local
news was. however. altogether bearish
at first, and influenced by this fact and
the desire to realize on the opening adj
vance, traders sold enough TO knock
prices down very quickly. Northwest
receipts were again large, Minneapolis
and Duluth reporting S3i cars, against
1S5 last week and 300 a year ago. Chi
cago received 81 cars, &c OF which were
Of contract grade. In addition 40 cars
and 5000 bushels OF contract wheat
were transferred from unlicensed
houses here. The more pacific aspect Of
affairs in Europe evidenced by the high
err British consols undoubtedly also af-.
fected traders. The market for July
and May as a consequence became
weak, July declining to 5o%c and May
to 81 0i%. The usual long depression
of dullness followed. which was in Itself
q weakening factor. The, withdrawal
OF support from the market encouraged
some short selling by people ordinarily
on the bull side. which resulted in
further gradual decline. May getting
down to 81 OH and July 10 90esc. This
did not apply TO the more deferred fu-
lures. however. Missouri! state crop
report figures showing a very low con-
dition Of winter wheat and material
coEtractioHSin the area caused some In
tercst to be taken In September and
December, the deliveries affected by
crop damage, and all during the morn
Ing those futures showed strength. AZ
ter II o'clock the market began TO re-
rive all around. But no real activity
was expected until about noon, when
large export sales Mt Baltimore for
shipment to France started good buy
Ing. which became fairly heavy when
ldiSe lloul sCieuIdHCeS lTOIr Newport
News were reported. Milwaukee re-
ported that wheat brought there from
the Dakotas had been re-sold to 60
back for seeding purposes The mar
ket continued strong until within ten
minutes OF the close. July advancing to
Size, May to 81 0S7s. I'D September
selling as high us 20. In the last few
minutes n. general realizing movement
set In and prices slipped off very quick
ly, July closing at 9D%990;sc, May Mt
81 Nh9l O4%. and September at size.
Corn was fairly active. The market
was strong, principally affected by the
approaching government report. which
Is expected to be Dullisn. Profession
ais practically monopolized the trad
Ing. May ranged from 30ss to S0,sc,
and closed &c higher at S0,ic.
Oats were quiet but firm. The mar.
ket was u sympathetic one with corn,
no independent features developing be-
yond the good export demand. May
ranged from 279a7M 10 26Sc, and closed
a shade higher at &c.
Provisions were very strong, although
only q moderate business was trans
acted. Small receipts Of hogs caused
a moderate demand from shorts at the
outset and the advance resulting was
maintained throughout, the close being
steady. May pork was 12lkc higher at
$40 20. May lard 7MG1oc higher at So 20
@5 ..2k. and May ribs 7iac higher ut
S. 15G5 17h.
Estimated receipts Thursday: Wheat
ITO cars: corn $50 cars; oats 225 cars;
hogs $4,000 head.
The leading futures ranged as follows.