The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-03
Bread.tur. and proyi.lon,.

20. -r. #.
CHICAGo-on the belief that the war
would soon be ended prices to-day de-
ciined on the board of trade. Despite
higher markets In Europe. traders here
sold everything freely and the close
showed losses as follows:
Wheat hG&c; corn &c; oats 1c; pork
2ehc; lard 12Isc; ribs loo.
Trading in wheat began with the
American naval victory at Manila up
permost in the speculative mind.
Traders believed that the end Of the
war was possibly already in sight and
that 1t would be followed by a cessa-
ton OF the urgent foreign demand. At
the start professionals sold July wheat
freely 10 below Saturdays close. They
did that in spite OF the fact that Liver
pool started Id higher and did not con-
Vince themselves OF having perhaps too
hastily commenced d%iscountlns the ter
mlnation of the war until later quota
lions from Liverpool showed steady ma
terial additions to the initial Id advance.
The Chicago bears amended their origi-
nal views on seeing the continued for
eign strength and the result was a re-
covery In course OF an hour OF all the
early decline.
4 Deliveries on May contracts amounted
to about 1000, 900 bushels, going to Lei
ter. The worlds shipments to Europe
last week were in the neighborho0d OF
100000 bushels against actual consump-
tive needs OF about 6.50O,O00 bushels.
They are. however, buyirg ahead q lit
tie over there, and Were apparently glad
to be permitted to do so for obvious rea-
sons. The quantity afloat for Europe
increased 100000 bushels.
Liverpool stocks showed a heavy de-
crease for the month and are down to
SIC. 900 bushels. Atlantic port exports
for the day were only equal to $3.50 900
bushels In wheat and flour. Chicago re-
ceived PSI cars OF wheat against rs last
year. Minneapolis and Duluth got 746
car compared with 500 the correspond
ing Monday OF 1897. Rumors OF the sur
render OF Manila caused several sharp
breaks after the markets early recov-
cry. The visible supply decreased 2,651,-
900 bushels. Fine weather reports were
Offset by predictions of frost in the
Hol kINS Sb.a r. July Sldll leu IL ek
from sage TO 9ic, improved gradually to
s4sSc. dropped back to 9ihc and adj
vanced again to 95%c. It had several
fluctuations between 95@94Ac. and n
dip as low as 93Ec. 1t recovered from
the latter TO CSC, declined again to aAc,
and once more rose to Csc,
but closed at 5S@9iihc, a
net loss OF &c. May opened Nc
lower at 81 20. declined to 81 17E, reacted
to 81 20 at the close
Fine weather for corn planting was
tho dormant influence In the corn pit.
Liquidation was heavy in all options.
There were NO deliveries on May con-
tracts. Chicago receipts were 63S cars;
Atlantic ports cleared 1,160, 900 bushels:
the visible supply decreased r4.4o5,O00
bushels. July started A4Bc lower at
34A@348c, closing &c net lower at
33Ac. Predictions OF frost caused a
rathv firm feeling at the close.
Trading In oats vas heavy with dis
tant features ruled weak throughout on
free liquidation. May started &c higher
at 31lEc, but declined TO zoe, closing at
30Hc, 4 net lc., OF &c. Deliveries On
May coatTlc:s were only 5000 bushels,
and those woo hid anticipated a squeeze
unloadeG,. Chicago receipts were 429
cars. Seaboard clearances amounted to
224. 900 bushels. July started nc higher
to &c lower at 26k427c, declined steadi-
ly to 25kc. closing 1c ret lower at 25&c.
The Manila victory caused some SELL
Ing of provisions ard prices ruled lower
throughout. Liverpool quoted bacon
flrmer and lard Sd higher. Receipts Of
hogs at western points were $4,000 bush
els against $1,000 the year before. July
pork lost 22hc;' lard 21ec and ribs 1oc.
Estimated receipts for tomorrow:
Wheat 300 cars; corn $40 cars; oats GAO
cars, hogs $1,000 head.
The leading futures ranged rs follows: