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

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CHIcAGo-Therc were plenty OF le.
Ultimate reasons for an advance in
wheat to-day and the maritet up 10 d
late hour did shown great deal OF
strength. May closed at,an advance OF
l1ic. Shorts In July, however. got filed
up. and that option closed ise lower than
yestefdaX.'H final price. Corn and oats
suffered somewhat from closing out OF
long lines, corn closing X PIC lower and
oats 40 ~ lower. Provisions were dull
and showed very little change at the
close. i2ps1ii, az liiFN
Wheat was clearly bull market at
the opening, The strength which mark.
cd yesterday's close made traders more
apprehenalve than ever OF the short
side and the tirmness caused by small
offerings WIS increased by5the nature
OF the news, which as q whold was OF an
encouraging character. Opening quota
lions for July were unchanged TO Nc
higher than yesterdays close at 0lhGpi
slaic.' There was q good buying demand
right from The start and for two hours
the market advanced slowly but stead-j
lily. July getting UP TO 9lS09lIc by
1880 o'clock. There was an extremely.
limited trade done In May. but that OPP
tlon exhibited even more strength than
the later delivery, everything offered be-
Ing taken by the Letter interests. This
support OF May and the fact that Letter
buying OF March was also prominent.
exertcd no small influence on July
shorts. Liverpool was firm and showed
good advances. Outside markets show
ed strength. particularly New York,
which market reported the best buying
In some time. The stocks OF wheat nj
Odessa, the principal Russian shipping
port, were reported al but 1,S0S, 900
bushels. compared with 100000 BUSH
els year ago. Northwest receipts were
very small. Minneapolis and Duluth re-,
porting 1S5 cars, against $40 last week
and 2s3 year ago. Chicago receipts
amounted to so cars. ten Of which were
OF contract quality. Minneapolis re-
ported another big sale Of wheat for
shipment to Duluth. Fresh advices
from Argentine said damaging rains
continued Bears took some comfort
out OF the fact that the predicted cold
wave following the recent soft weather
did not materialize and the rather poor
response OF Liverpool to our yesterdays
advance. A little before the noon hour
the continued strength the market dis
played began to bring in outside shorts
who had some difficulty In covering. and
the best prices OF the day were scored,
July getting UP to 92bc. After noon.
however. the market gradually eased
off. The shorts had apparently got
pretty well filled up and realizing on the
advance became pretty free. The weak
ness displayed by corn also had some
effect. July finally got down to Ole.
where It closed. May, however, con-
tinued strong. That option opened I'M
changed ut 81 05k. 1t sold ct 81 05H.
then slowly advanced to 81 OF, reaching
the latter point about midday. Real
lZlng which followed caused reaction
to 81 06k, but during the last few min
utes of the session May was caught up
in another Letter swirl and again car
ried up to 81 OF. The closing price was
at 81 06T. the highest closing price this
season. Letter was credited with some
July selling.
Selling out OF long corn was the fea-
lure OF that market and kept things
rather easy in spite OF the strength OF
wheat. The market at first was rather
strong. but free selling. mostly by buy
ers OF yesterday. caused gradual
weakening OF prices. May ranged from
oVRVouSC. " oVrtC, uIlU ClOSCu SAVSSC
lower at 30H43oSc, :
Trading In oats was principally, OF az
scalping nature. and not heavy at that.
The market then In a great way follow
ed corn and prices In consequence NV
eraged lower. Prices early were
stronger with wheat but the firmness
did not last long. May ranged from
2GSc to 269s 126iSc. and closed h@kc
lower at 26as6b26kc. ;iss
Provisions were dull. Opening. prices
were firmer, due to higher prices at the
yards and figures showing very small
increases in stocks OF lard and ribs.
There was some good commission house
buying afterIthe first hour or so, but
after that moderate selling by packers
and little general realizing caused q
gradual easing of. The market closed /
steady, May pork 2hc higher at $40 IS.
May lard unchanged at IS lie, and May
ribs 2lsc lower at S. 17I1s:.
Estimated receipts Thursday: Wheat
81 cars: corn 600 cars; oats 175 cars;
hogs $4,000 head.
The leading futures ranged as follows: