The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-09

CEIICAGO-Wheat devc!oncd into a
bull market late IL the session and
closed &c higher for July. May closed
unchanged. Declines resulting from
dullness and bcarish statistical news
were recovered By buying by Letter
and by houses which have been heavy
sellers recently. Corn was firm on the
renewal of shipping business and adj
vanced h0Ac. Oats closed &c higher.
Provisions were irregular, pork losing
nc OF It's previous value. while lard
and ribs showed no change. 4 well de-
fined bulilsh sentiment was apparent ut
the opening In wheat. There was d:o7
In English Consols. rejecting the ap-
prehensions OF trouble between England
and Russia and Liverpool showed n sub
.stnntial advance. reporting also that
receipts of wheat during the last three
days had been considerably below re-
Qulrements. There seemingly was also
less prospect Of trouble between the
United States and Spain. Plenty OF
bearish statistical news was at hand,
but the crowd was too hullish on the
European situation to pay any attcn-
ton to this at first. At 4 good demand
from shorts, July opened &c higher at
90Ac and advanced at once 90 9O;Sc.
May opened 1sG&c higher ut 81 O5A q
l 0j1s. The latter delivery, however.
has almost ceased 10 excite interest. At
902c for July offerings became heavier,
that being "call" price. There was free
selling against those privileges and al
so good deal OF scattered realizing.
This resulted In n gradual decline In
July TO 90%c. The heavy receipts here
and In the northwest were influential In
this decline. Minneapolis and Duluth
reported arrivals of $50 cars, against
305 last week and 327 n year ago. Chlca-
go receipts were 1873 cars, 70 OF which
were of contract quality. Besides the
contract wheat from regular sources "a
cars and $4,000 bushels were transferred
from unlicensed houses. A long period
OF dizziness followed with prices keeping
within an exceptionally narrow range.
About the only incident was the sup
port given May by Letter brokers at
81 o.. to which figure delivery had de-
cllned. This buying prevented the
market from getting below that figure.
Around the noon hour the market be-
gan to show strength again. Bad re-
ports as to the crop conditions In Mis-
souri, and Illinois came In. The Atlantic
port clearanccs amounted 10 $4,000
bushels. Buying OF July by q house
which has been n heavy seller lately
became quite pronounced and as Letter
brokers were at the same time support
Ing May and September. prices slowly
recovered. The advance also resulted
In n considerable broadening of trade
as shorts came into the market to pro-
tect themselves. Predictions OF cold
wave to follow rain was Ignored early
hut brought In some outside buying
orders late In the session. July i'd
vanced to 9lBG9lK ana left off at Ole.
May closed at 81 OK and September
at SOkc.
Trade In corn was unlmportnnt The
feeling was.quitc steady all through the
session. the revival In the shipping de-
mand being the principal factor, Cable
ncccptonccs were liberal, clcarances be-
Ing put nj $4,000 bushels. Business was
monopolzed by professionals. MAY
ranged from 50iic to 3Oc anu closed MGi
&c higher at 3Ohc. Oats were slow
within n very narrow range. Trading
was almost altogether OF n scalplns or.
der, The feeling was firm principally
! through sympathy with corn. May