The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-03
nreadaiufr. aud prori,iou,.

CH1cAGo--scaiping operations con-
stituted most of tho trading In all the
grain markets to-day. Wheat was
strong carly on rally at Llyerpool,but
turned weak later under the leadership
OF tho New York market and closed sc
lower. Corn shows Lido decline. Oats
closed unchanged. Provisions were very
strong and advanced i0IsT,sc, with a
good trade. II
Traders In wheat were somewhat
puzzled at, the start By the action OF
LIVERPOOL. That market In spite OF yes
terday's advance here, opened slightly
lower and a weak feeling on the curb
was noticeable In consequence. Later
cables coming In before the opening
here showed the decline recovered and
some advance besides. Rumor's were a!go
current OF n sale OF n big block OF Lett
er wheat and seaboard messages told Of
good cable acceptancea of wheat offered
TO the other side. The feeling was rath-
er divided at the opening, May started
at from 95Ec to 9Gc, tho lower OF tho
figures being &c under yesterdays clos
ing price and with quite few offerings
at that figure. though OF small lots. But
there were vastly more buyers than
sellers and few minutes after the
opening 9Ckc WAS offered for May.
That price brought offerings IN abund-
ance and the price fell first to 96c, then
after another short rally to 95%c. That
price ruled for some time. Not only was
there realizing at the top, but short
selling as well. The publication Of
Thonun's Crop Report giving 9o,2 as
the present average condition of the
crop. Indicating q crop OF fifteen bush
els 10 the acre, or a total OF o0,00O,oO0
bushels, though quite generally ;idicul-
ed first, had considerable effect as the
morning wore, on. Outside OF this news
was not important or OF much influence
either. way. Northwestern receipts were
rather light, Minneapolis and Duluth
reporting 26i cars, against 276 last week
and 22i year ago. Chicago receipts
amounted to Il cars. OF which two were
OF contract grade, Primary mar
ket receipts were $4,000 bush
els, against 20i,0o0 bushels
year ago. The market grew quite weak
during the afternoon, prices had In the
meantime rallied on the receipts OF
strong closing continental cables. May
getting up 10 SEC again, but adv!ces
from New York showing a break in the
February price on the small deliveries
on February contracts. and reports OF
free offerings OF Pennsylvania, Mary
land and Ohio wheat to arrive there.
This started selling again In this mar
ket and gradually carried the May
price down to 95eSc The closing price
was 95HGs5isc. The close was barely
steady. The corn market was firm at
~ ipsc
and was sustained for q while by n
little buying by shorts and against
puts" The late weakness Of wheat
caused some selling by professionals
and prices dropped OF. market ruling
easy at the close. May ranged from
2s7t92sc TO eS5s92S%c, and closed u
shade lower at cSSd2S$tc.
{. Market for oats was very dull, the
little trading done being almost entire
.ly OF a scalping nature. Early tlrmness
was induced by wheat and when that
market declined oats followed. Prices
kept withln.a narrow range. May rang
ed from 241sc to 23%c and closed un-
changed at 2,Sc. Provisions were the
Strongest market on the floor and a
fairly active trade was done. Reports
Of stocks on hand during January
showed much smaller Increase than
expected and this caused quite general
covering by shorts. Packers were also
good buyers and prices advanced from
the start, market ruling firm to the
end. May pork closed 27i,sc higher az
$40 07ls; May lard 121sc higher at
81 92k and May ribs 15c higher at S. 90.
Estimated receipts Thursday:
Wheat. Al cars; corn, 800 cars; oats.
$50 cars; hogs, $4,000 head.
The leading futures ranged as follows: