The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-24

about i,Ec5} decline. Higher prices re-!
ssultintt .il:l 4 severe weather and bulllsh
foreign news brought out TOO much long
stun for the market 10 absorb and
prices dropped with remarkable swift,
ness Other markets were affected by
wheat Corn declined X @ iIsc. oats VI
Sc and provisions closed 5d17isc lower.
AT ne opening and for a short time af-
ter. wheat showed strength Low tent
perattres were reported from all parts OF
che winter wheat country, and Califor-
MIA reported another hard frost last
night, with considerable resulting In.
Jnry. English markets all showed steadi-
ness. Northwest receipts were moder-
ate, Minneapolis and Duluth reporting
32i cars against 26l last week and 1913 a
year ago. Chicago receipts, however,
were agnin heavy, ISL cars. a. OF that
number being OF contrac. quality. Be-
sides this 40 cars aeid 3-,AD0
bushels were transferred from un-
licensed houses, ditotal addition to the
contract stocks to-day OF about $4,000
bushels. The weather news was the.
factor and there was enough demand
from shorts at the opening TO start July.
about &c higher at S6QS6isc and May
&c higher at 81 06%. The latter delivery
was very dull most OF the session. The
opening prices In July proved TO, be the
largest OF the day. ThereIwas little en-.
thusiasm 70 the buying and after the
first few minutes trading prices began,
slowly slipping away. Rerorts from the
winter wheat states said that little or no
damage had resulted from last nights
freeze. Apprehension on tilis score De-
Ing removed, the demand from shorts
and for Investment soon disappeared al
most altogether. The decline was slow,
as not much selling pressure was appar-
emit and up to about noon, the market
was In a state OF dizziness bordering on
stagnatton. Only a narrow scalping
trade was done in this time. traders
were evidently still inclined to keep out
OF the market, until the Spanish guess
tlon was settled one waytor another.
Prices kept within a narrow range with
the general tendency downward. July
declining to S5ssc and May to 81 0S!s.
About noon, English cables reporting a
better continental demand for cargoes
and heavy reductions In estimates OF the
Argentine exportabl surplus gave the
market a stronger under tone for, q while
after the noon hour, July advancing
under moderate buying to s5;s. There It
met a lot OF selling against calls with
more or less general realizing and the
price dropped to S5Hc The decline was
so quick that It brought out good
many stop loss orders and the market
declined with scarcely any support TO
SIC for July. May, too, had to contend
with lot Of selling late in the day and
declined to 81 "a. A slight improvement
occurred Just before the close July get :
ting to S41sc and May TO 81 o4ll Y. Those
were the final figures. Corn was quiet,
and weak with prices all; day under yesI
terday's figures. Sympathy with wheat
and prospects OF better weather in the
west were the influences. Trading was
largely professional. There was bet
ter demand at the bottom. May ranged
from 297sc to eS3sc and closed 80 Ec
lower at 2S;sc. re Js5 i.s
weak. The cold wave had apparently
been discounted ana preaictions OF
warmers.wea caused a good deal OF
selling yesterdays buyers. The mar
ket was weakest: late In the session,
when wheat made Its break. May
ranged ranged from 26k 6263sc to 25Tsc
and closed it@ssc lower ut 257s426c.
Provisions were exceptionally dull and
principally for this reason weak. There
was some selling by pit professionals,
andNas buyers were very csarce, prefer
ring to keep out CT the market
until, the Cuban question is settled
very little liquidation caused quite a.
drop In prices. The market was easy to
the close. May pork closed 171sc lower
Mt 80 70; May lard SC lower ut IS, 05; May
ribs &c lower at IS 90. -
Estimated receipts Thursday:
Wheat 200 cars; corn 175 cars; oats 1856
cars; hogs 10000 head
The leading futures ranged as folloMs::