The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-07-26

,CHICAGo-corn advanced on dry
weather to-day and upheld the other
speculative markets like life buoy
ancy. Corn closed %G%c high. Wheat
left of M6isc lower Oats rose nc.
Pork and lard advanced 2lsc each, and
ribs 2Ih@5c.
A slight sprinkling OF rain that was
falling here as the session commenced
stnrted corn easy. The market. how
ever, was soon freed from this influence.
Continued dry weather was the reason
for additional strength, and when the
signal service predicted another thirty
siS hours prolonEatiOn without rain the
trade was not slow to realize the situa-
ton. An active demand from nearly all
the prominent bulls started prices up
with a rush. The country had few
selling orders In the pit at the openings,
but the offerings were quickly absorb
ed. When big shorts attempted 10 come
In, It was a case OF bid and get nothing
until the September price touched 35lzc,
or a full cent better than the opening.
At this point long property came out
freely, and there was active selling
against calls. The increase In offerings
caused some recession, but there were
plenty OF buyers at the reduction to
again advance September to 35Rc. The
readiness with which Liverpool re-
Bponded to the pdvnnce here Saturday
was considered significant. septem-
Der opened h0kc lower at Ban G34llsc,
advanced quickly TO 35tkc, reacted To
3I&c, then frmed up TO 35h aS5sSc at
the close.
Lower quotations from Liverpool and
favorable weather for the spring crop
sent wheat down at the opening. Sep
tcmber started ut from 6Iisc. Sellers TO
G7aS. and had touched G7hc when the
advance in corn eXerted buoyant eff
feet. When the corn market commenced
TO give indications OF having reached tho
elimination OF Its advances, the bears
in the wheat pit were encouraged TO sell
with Erenter freedom than they had been
doing while corn kept on the rampage.
This, together with indications Of enor-
nous receipts everywhere the rest OF
the week, coupled with n declining cash
market, caused wheat to become very
heavy. After a downward reaction In
corn that commodity began another rise,
infuslug bulllsh spirit Into the wheat
market. September wheat, which had
sold as low rs GG7sc, recovered to 67%c
nenr the close. At lantic port clenrances
OF wheat and flour were equal TO 100000
bushels. Chicago receipts were l5f cars,
of which SO were No. 2. Last year on
the corresponding day 1913 cars were re-
ceivcd here. Minneapolis and Duluth
reported 1923 car loads, against 4M year
ago. September opened &c lower Mt
S7%ds7i5e, up TO S7Ssc, down TO SS3Se,
then rose TO G7Mc asked At the close.
December started nc down at 67N6o
61hc, advanced to G7kdGTihc, reacted to
66NG67c. and closed at 67lkc bid
Oats followed corn. September opened
unchanged at 2OAc, rose to 2ic, declined
TO 20Nc, then rallied TO 2OSc bid, the
closing price.
Higher prices for hogs and the
strength OF corn held provisions flrn.
September pork begun 2isc lower Mt
80 96. on 70 50 92is, then up TO $40 90.
the closing price The rnnge Of lard and
ribs was small.
Estimated receipts tomorrow: Wheat,
2Ss cars; corn S60 cars; oats, HS cars;
hogs. 10000 head.
Cash quotations were as follows:
Flour steady.
wheat-No spring 7So; No spring
7Ol75c; No. red Zoe.
Corn-No. ?, A&c; No. yellow asa
35Ac.
oats--No. 2, 2flac; No, 2 white 2Se;
No. , white 2Ga27c.
Rye-NO. 2. 47c.
Barlcy-So. 2, sld35c.
F1aXEeed-Nn. I. Csc.
Tlmothyseel-Prlm 81 So
Mess Pork-zPer barrel 80 9Odo 05,
Lard--Per 100 lbs, Sc 65dp5 Sis.
Short Rlbs-Sldes tloosc) s. jOI5 50.