The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-09

CHICAGO-Wheat to-day was helped
BY the best cash trade in two weeks.
Heavy export engagements at the sea-
board and a pressing demand for mill
ing purposes at outside points convert
ed the market from dulncss to activity
and strength, May closing at an ad-
vance OF lSsc The coarse grain and
provision markets were firm, the
strength coming largely from wheat.
Corn and oats advanced 1sc each and
hog products closed unchanged 10 2iSc
higher. Wheat was lower at the start,
May opening at s4asc as compared with
yesterdays closing price of 94?sC. Be-
You'd the heaviuess of the northwest re-
ceipts there was nothing particularly
striking In the early news. but the con-
tInued heavy arrivals at the big recelv-
ing points was sufficient 10 cause weak
ness at the start, though no selling of
consequence was done. Minneapolis
and Duluth reported arrivals OF 452 cars,
against so last week. and 3J2 a year
ago. Chicago receipts were 81 cars, five
OF which were OF contract grade. Soon
after the opening quite good demand
developed and from condition OF dull
ness the market took on quite degree
OF activity. Shorts covered quite freely
and the May price advanced TO 9jhc.
There was some attempt 10 break the
market ut that point. and with some de-
gree OF success the price being forced
back to 9i5sc, but 1t quickly rebounded
again to 95Ac. There IL hung for 4
while. Moderate purchases for foreign
account were reported by New York
and private cables stated TINT millcrs
were good buyers, especially OF nearby
deliveries and that stocks were de-
creasng rapidly. As Liverpool stocks
are already exceptionally small, this
had considerable effect. II was report
ed that Letter sold In Liverpool gcs-
terday AGO. 900 bushels No. spring
wheat he had there and took in cx-
change May wheat in New York at l5c
less than the cost price. Mr.. Letter
would neither affirm nor deny the re-
port, After the noon hour the market
again became active. Reports of a more
than usually urgent demand ut the
| Seaboard and Of pressure for wheat To-.
| milling purposes at st. Louis MIlwHu-
ltcc and Minneapolis came In thlclily
during The latter part of the session
and gradually brought about almost n
stampede OF shorts New York finally
reported torty-thrce boat loads there
and with outports for Gxpor, and when
these figures were posted there WAS n
general rush to buy. The market had
been gradually creeping up. getting to
95igc before the final rush came, but the
demand became SO urgent in The las!
few minutes trading that 96h6J65sc
was finally reached. The market closed
strong at 96Hc.
Corn was moderately active and
firm. There was quite good buying by
professionals and commission houses,
The strength Of wheat was influential
as was the wet weather. which was on
pected TO materially decrease rates.
Country offerings were smaller and the
foreign situation firm. May ranged
from 2ohI203sc TO &c AMI closed nc
higher at 20hc.
Oats were slow and cnsy Mt the starr.
but soon became firm and remained so
for the rest Of the session. Fair selling
by some OF the recent large buyers
caused slight carly decline. Later
the strength OF wheat and the soft
weather caused quite general buying.
May ranged from 2i%c TO 2iEsc and
closed nc higher ut 2ISc.
There was some weakness In proyIs-