The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-02
Brend.tufr. and Provisions.

CHlCAGO-Whea. was strong and
weak by turns to-day. but closed on the
top of a bulge. May showing &c ad-
vance and July n gain of 1NG1Sc.
Support from the Letter interests was
prominent at times, but there was
plenty of Influential bull news. The
big short interest formed last week was
evidently far from eliminated. Corn
was strong and advanced sc. Oats
also showed strength, closing 7sc high
er. Provisions scored small advances
Although news from Liverpool was
distinctly disappointing the opening in
wheat was strong, July starting 1s4Hc
higher at S97sc and May unchanged to
&c higher at 81 0ia,4l o.. There was
quite good demand from shorts who
had not covered yesterday and the de-
mand from that source was sufficient
to overcome any natural weakness OF
the market. The fact that Liverpool
had lost its slight opening advance be-
fore trading commenced here and that
receipts OF wheat at the English mar
ket during the last six days were up TO
the normal weekly requirements had
tho effect Of bringing out liberal Offer
ings that temporarily wiped out the
opening advance here. and for short
time the market showed weakness
After July had declined to S95sc and
May to 81 OK. the demand again be-
came SO strong that prices advanced.
Some support was given by Letter and
other prominent interests. This
brought the timid shorts into the pit.
In addition there was covering Of line
for St. Louis houses. Prospects OF a
cold wave following rain throughout
the winter wheat belt had some iniu-
ence. On this bulge May got up TO 81 05
and July TO 903Sc. Then the market re-
acted. A good deal Of wheat showing
substantial profits came on the market
and prices tended downward for some
time. May finally getting down to
81 04h and July to S9Sc. A stcadier
feeling developed on the liberal Atlan-
tic port clearances 5000 bushels, and
reports which were afterwards denied
OF the engagement OF $50 carloads of
corn for export. No impression was
made on prices, however. trading about
that time being extremely limited AZ
ter IL o'clock some activity was again
manifested. Bradstreets reported the
worlds visible decreased 3,15G, 900 bush
els. This amount was fully twice as
mucn rs Inc TRADE expected ana brought
In fresh lot OF buying orders and re-
suited in an advance In July to 9Osc
and In May to 81 05. Prices quickly re-
acted, the market being loaded up with
long wheat, but In the last twenty min
utes' trading the Letter forces started
things going with come lively bidding
and prices climbed In 4 hurry. By clos
Ing time May had advanced to 81 05lk.
July rose to 9lAc, but reacted just at
the close to 9lBc.
Corn developed n good deal of
strength on smaller trading than OF
late. Opening strong and higher with
wheat, prices eascd some on the heavy
receipts, but such good support devcl-
oped that the market advanced rapidly.
| most OF the gain being maintained
through the late gyrntlons Of wheat.
Heavy clcarances had much Influence,
| The buying was general. May ranged
from 30fsGf30Hc to zoe, and closed NC
higher Mt 30%c. n,
The market for oats whs dull and
fluctuations were controlled almost CHI
t!rely by the course Of corn. Offerings
were mostly taken by elevator peonlc,
probably against sales of oats for OK.