The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-04
yIslone were strong and 2naioc higher

visions were strong and 2M9ioo higher
at the close.
Wheat started easy and at lower
prices, May at e.c. which showed 80 de-.
cline since Friday. Liverpool showed
I'D decline to begin with and Northwest
receipts did not by any means suggest
an immediate falling on in volume.
These were the features in the carly
news which apparently created a desire
to sell at the start and also extinguished
for the time being any inclination 10 buy.
The result was that In the first thirty
minuteo trading May declined 10. 9l,kc
and even at that price showed very little
tendency to react for some time. Trad
ing at the best was rather slow, the In
terest OF traders being conferred on the
annual election. Chicago receipts were
liberal and the visible supply statement
was expected to be an additional discour-
aging factor. The Minneapolis and Du-
luth receipts slhce last Friday morning
were 9l2 cars against 1907 Tor the SINH.
lar time the week before and si4 the first
Monday in January. 1897. Chicago re-
ceived 243 cars against 7S5 a week ago
and lC5 the corresponding day OF 1897.
The exports from all countries to Europe
last week amounted to T,479,OO0 bushels,
against 6,6i5,o 900 bushels the week before
and 5000 0 bushels the corresponding
week OF last year.
The quantity on ocean passage was
neither increased nor decreased last
week. New York reported some foreign
buying orders ut the opening, but not
enough to have an influence on prices.
There were bids here also for No. l
Northern spring wheat for export, but
the holders of all Of that description now
In Chicago held their property at pro-
hlbitive prices.
The visible supply statement was even
more bcarlsh in Its figures than had been
expected. The increase, instead OF being
abou. 1885, 900 bushels as looked for, was
10000 bushels. making the total 49,
$4,000 bushels. A year ago the visible
increased only eos. 900 bushels. but the
total was 5i,G5l. 900 bushels. About the
only distinctly bullish Item In the days
statistical news was the ~clearances from
Atlantic ports, their amount being equal
in wheat and flour to S6l,O 600 bushels. OF
that New Orleans contributed In shape
Of flour 5000 barrels. The a~nnounce-
ment OF these figures injected q little
firmness Into the December opening
market. and May, which in the mean
time dropped to Ole, reaching tina. figure
about - o'clock, recovered slowly 10
9ll4c. but in the last few minutes trading
reacted again to 9lH@9Sc, where it
closed.
Corn was heavy at the start and be-
came still weaker as the session pro-
crossed. closing practically at bottom
prices. TIE downward tendency of wheat
influenced corn; but the immense re-
ceipts. 9l3 cars. were in the main respon-
sible for the decline. There was some
country selling both through receiving
houses and elevator people. Buying was
scattered. May ranged from 29Tc to 29c
and closed sc lower at 29Mc.
Oats were weak all day. Longs and
elevator concerns were quite free sellers.
The heavy receipts, $50 cars had a great
deal to do with the liquidation and SYM
pathy with wheat and corn was also EVIL
dent. There was some recovery from the
bottom on commission house buying pre-
sumably against sales Of corn. May
ranged from 23lGc esB@2s4c, closing Y
Csc lower at 23HG2sssc.
There was an active trade in provis-
Ions. The market was decidedly strong
and higher at the start, due to the small
hog receipts and higher yard prices.
Local longs and packers sold freely at
the opening advance and caused a con-
siderable reaction, but near the end there
was an Increase in buying orders and
prices took another up turn. The mar
ket closed strong, May pork Joe higher at
50 32E; May lard nc higher at 81 95 and
May ribs &c higher at 81 72Es.
Estimated receipts Tuesday:
Wheat $50 cars; corr 1915 cars; oats
AIS cars: hogs $4,000 head.
The leading futures ranged as follows: