The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-19
Breadstuf. and Provision..

CHICAGO-The sentiment Of specula-
tors in b wheat market to-day was
bearish. Gables showed declines and
prices tended steadily downward, July
declining PIC and September closing
&c lower. Corn and oats were weaken
ed by the higher temperature through
out the west. july corr at the close
showing q loss OF &c and oats AGkc.
Provisions held up despite the big influx
of hogs. pork closing TIC; lard 2hlsc and
July ribs &c higher.
1t vas a weak day in wheat with the
cables for the first time In q long while
proving q bear motive. Liverpool was
293d lower; Paris 15@55f lower; Ant
werp off 25@50 centimes; western re!
.ceipts were not so large as they have
been, but there was perfect weather
and good crop reports from every direc-
ton, even from abroad. The market
was much affected by a report that crop
expert Inglis estimated the wheat pos
sibllitles as high as 900, 900, 900 bushels.
The figure was considered preposterous,
but 1t drew attention to the fact that
every one was apparently willing to
concede-that there was the prospect Of
the largest crop ever harvested. Clear
ings amounted to go, 900 bushels. Pri-
mary receipts were S95. 900 bushels, COM
pared with 511, 900 bushels last year. The
speculative trade was light and pit
temper excitable. although decidedly
bcarlsh. Declines were suffered all
around in every market In the world.
July opened 1c lower at 81 OF, rose 10
81 OK, declined to 81 05 and recovered
to 81 05A, the closing figure. September
harar ~ ,tr1ar x,actarI,y, VS. #ato,a-., ~
S9Ac, rallied to S9%c, fell back to SSc
81 40 to 81 80 and closed at the lowest.
Corn for n while to-day showed stead
mess. There was a good deal of rain
and more was predicted. Temperatures.
however, were higher and the weekly
crop bulletins were favorable. Lohrke.
the New York exporting authority. said
the other side was full of corn, and that
It needed to be digested before there
was further buying. Corn finally broke
with wheat. Receipts were 20i cars.
July opened Nc lower at 3sMc, flrmed
up to 36Hc and then went down gradu-
ally to 35Bc, which was the closing
price.
Oats were neglected, but remained
rather steady. There was some inquiry
from shippers, but bids were too low.
Receipts were 204 cars. July opened
A@Ac lower ut 26ikc, advanced to a65sc
and declined to 26126kc at the close.
The provision market to-day proved 4
puzzle. Large hog receipts, $4,000, with
A, 900. estimated for Thursday. led. to
the expectation OF q very weak day.
The market early made a dip, but as
the session advanced the trade showed
surprising s%tcadiness. Seemingly out
siders either were not loaded or else
were so well protected that no stop loss
order was necessary. Packers general
~ have been buyers. Hogs declined
1592Oc. July pork opened Ito lower at
sl2 90. sold up to sl2 321lA, and reacted
TO sl2 27a1a at the close. Lard for July
started unchanged Mt Sc o., declined to
SC co and closed at Sc 65G6 G.. July ribs
began SC lower at SO 80, rose to sc AZ
and closed at Sc 40.
Estimated receipts for tomorrow:
Wheat. 2S5 cars: corn, ESQ cars: oats,
$50 cars; hogs. $4,000 head.
Cash quotations were as follows:
Flour slow.
Wheat-No. 2 spring 81 1901 20: No. 3
spring 81 1901 %: No. Q red 81 45Dl So.
Corn-No. 2, 37937Ac; No. Q yellow
3s@36kc.
oats-No. 2. 29hG30c: No. . white
33133Ec: No. 3 white 30930Nc.
1lye-No. p &c,
Barley-No.s2 2, 4iG60c.
Flnxseed-No. J.. 81, 3S.
NEUTRALITY-SUSPICIOUS. 50 eoa2 65.