The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-06

n%readstuns and Provisions.
CHIcAGo-Wheat was rather heavy
to-day and IL the local talent had not
been afraid OF being caught By the Letter
party the H9&c decline which marked
the close in May might have widened
into a heavier loss. Cash news was
strong, speculative weak. Corn did not
move enough to be worthy OF notice and
closed unchanged. Oats declined hhc.
Provisions were the strong market OF the
floor and showed closing advances OF 20
15c.
Wheat started easy at about &c under
the closing figures OF the day before. May
opened at from ol69lttc and July from
S2Sas2c. It acted irregularly within a
narrow compass for an hour, May playing
during that time between slSc and Ole.
The eighty easier feeling with which
trading commenced was In part due TO a
crop report OF Thoman's that made the
acreage planted with winter wheat ia
per cent larger than the area harvested
last season: 1t also reported the cond!-
tlon nor 81 against Si.1 December last
and estimated the quantity in farmers
hands at 24O.o 900. 900 bushels. or 4l.3l per
cent Of last years crop and that there is
available for export in the next six
months 1oo.O 00,o 900 bushels. It was also
a matter OF some disappointment to the
bulls that the Minneapolis and Duluth
receipts were not reduced more MATERIAL
ly than as shown by 35S carloads at the
two places to-day as against al q week
ago and 100 carloads the corresponding
day OF last year. Chicago made some
amends. however, only &c cars being re-
turned as against estimates made the
day before for 20 and compared with 1S5
the similar day OF last week and o. car
loads q year ago. Liverpool was about
I'D lower to begin with and dropped an
other I'D later in the day.
The first thing the bulls got any addi-
tlonal comfort from was the sale by Ar
mour & Co.. OF 0 1000 bushels No. , spring
wheat for export al once by rail hence to
the seaboard and a rumored sale OF a
further $1,000 bushels. The price was
said to be 4jisc below the May price. New
Tc.k confirmed the taking for export
yesterday OF 81 boa: loads-9S.O 900 BUSH
els there and $4,000 bushels q: ou.ports.
The exports from Atlantic ports were
again liberal. amounting in wheat and
flour to 500.0 900 bushels. That was q sus-
tanning factor. but when about two hours
OF the session had gone and the foreign
markets were found to have closed weak,
confidence began to desert the early buy
ers and they became more anxious to
avoid loss during the following half hour
than they ha. been before TO ecure a
profit. Liverpool closed sd lower for the
day, Paris at q decline OF from 10 to Is
centimes in flour and 10 cen;lmes in
wheat. while Antwerp in addition to q
drop OF 1919 confines for red American
the day before reported 4 further decline
OF a like extent for both red winter and
white Californian. Those features OF
the midday news caused abrcak to 9Okc
for May shortly after their recsipts.
Letters agents were quite active, sellers
on the decline and the bull crowd were
apparently playing for a break. Never
theless It had the eftec. OF keeping the
smaller fry out and after those who had
bought In the morning had llqu!dated at
a loss there was little trouble OF conse-
quencc besides the Letter transactions.
the local crowd evidently being afraid
Of being caught. a short time before
the close May reacted to s1ssc, which
proved the final figures.
Corn was very quiet and price
changes extremely narrow. The market
was inclined to ilrmncss, about the only
really bearish feature being The extreme
dizziness OF wheat. which was mostly OF q
small scalplug nature. No feature OF in
terest developed. May ranging from 29B
G2sKc to 29c and closed unchanged at
ogIsc.
Oats were almost as inactive as corn
and fluctuations were even narrower.
There was a little scattered commission
house selling OF May. which, in the alb
sence OF support was sufficient to de-
press prices a little. The pressure on
January SO prominent yesterday had al
most disappeared. May ranged from
2SKc to 23hc, closing &c lower at 23Hc.
In provisions the market was quiet, al
though q good business was done. The
feature early was selling by Cudahy.
This and the weakness OF the hog mar
ket caused prices to sag for awhile. guile
active commission house buying started
later and the market became decidedly
strong. A bullish feature was the days
shipments. which were again enormous.
The close was at the high points OF the
day, May pork l5c higher at 80 35; May
lard TIC higher at 81 90 and May ribs
7h81oc higher at 81 1904 72ls.
Estimated receipts Thursday:
Wheat so cars; corn $50 cars; oats 300
cars: hogs 1900 head.
4. Fat