The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-11

CHlCAGO-Busincss In everything on
Change to-day was restricted by the
forthcoming government crop reports.
Wheat was weak-partly on the Cuban
situation, partly on the steadily In
creaslng contract stocks-and closed
40 Nc lower. Corn, oats and provisions
showed little change.
Dizziness as marked as at any time
during the holiday sessions marked the
opening In wheat. There was good
deal of\uncertainty regarding the fig
ures oil farm reserves In the forthcom-
Ing government crop report and traders
as consequence werM unwilling to SO
deeper either way than, they were al
ready. This feeling In n!ct was mark
ed throughout the session and the mar,
ket at no time exhibited any real de-
gree OF activity. The start was easier.
Liverpool cables wore disappointing,
showing about sd decline. News from
Washington regarding the Spanish
complications was also of more dis
turblng character, and another big ad-
dit!on to the stocks of contract wheat at
Chicago was reported. Chicago re-
ceipts to-day were So cars, "a OF which
were OF contract quality, besides which
Al cars and 10.500 bushels were added
from irregular houses, making over
zoo, 600 bushels from this source in the
last three days. With this news to hand
short sellers and weak-kneed holders
forced reduction in prices from the,
start, July opening Nc lower at 5000
S0ssc, and May Y C lower at 81 0iiE. For
nearly half an hour prices kept within
&c radius. Then helped by nm I'm
provement In corn. which took place
about that time and perhaps helped by
predictions of frlgid weather over the
west and southwest. prices improved
trlfe. July 9e0999ic and May 70 81 0iA.
1t was but temporary, however. Though
no selling pressure OF consequence de-
veloped, there was for the res: of the
session almost an entire absence of buy
ing orders for July and that delivery
slowly but surely gravitated toward a
lower level. May for some time held
fairly firm, traders being apparently
afraid to sell that delivery, but the
weakness IN July finally encouraged
them and offerings became free enough
to cause q drop to 81 OF. At that price,
however, Letter brokers came In with
buying orders and no further decline
ensued. Minneapolis and Duluth re-
ported receipts OF 29l cars against 20
last week and 32S a year ago. Total pri-
mary receipts were reported at 100000
bushels. Atlantic port clearances not
including Newport News, were fairly
liberal at Isl, 900. Paris was higher and
AIS-yerp unchanged.
Not much wns donc III the deferred
futures. September was traded In to a
limited extent, opening &c lower at
S0Hc. 1t sold as high as Sic, but drop
ped back and closed al the opening iig
ure. july finally declined to 9Ohc and
closed at 9o1s@sOAc. May wound up at
81 OF.
Corn was under the influence OF the
government crop report. Expectations
that It would be Of bullish nature
caused some covering By shorts early in
the session, which resulted in fair
advance In prices. There was some re-
selling later In the day with wheat. Wet
weather probably affected early buying
a little May ranged from 30,Gc to coke
and closed &c lower at 30Sc.
There was only a small scalping
trade in oats with prices keeping with
In &c range. The dullness was due to
the Forthcoming government report. !
During the morning the market showed
strength in sympathy with corn, but
lost 1T later. May ranged from 27Hc TO
2s:Sc and closed &c lower at 26Tsc
Provisions were rather inactive, but
fairly steady. Lard had the best sup
port. Some inclination 10 sell by local
traders was shown at first, but small
hog receipts and the strength OF corn
resulted In better demand and an adj
vance in prices. Everything moved Oft
with grain, however, the close being
steady, May pork exc lower at $40 2T!&;
May lard shade higher at ST. 22lAk, and
May ribs shade lower Mt S. Il.
Estimated receipts Friday: Wheat
% cars: corn AGO cars; oatsi220 cars;
hogs 1000 head. PASS
The leading futures ranged as follows: