The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-17
Brend.tufr. and Provisions.

on the Doaru OF
trade to-day was strong, started by
higher cables and kept going by the ad-
-vances in corn and provisions due to
covering OF shorts. At Its best July
wheat here was up SO and September
27sc. The closing prices were within Ac
Of the top. Corn finished sc gain and
oats &c. Provisions at the close show
ed an advance of roc in pork, soc in lard
n ACC In ri3s. The decided strength
In the Liverpool cables was the chief
cause for the bull sentiment In wheat
to-day. Liverpool quoted July wheat
fully Sc per bushel higher than 1t closed
Saturday. Europe political news was
looked on as quite important for It
seemed to point to growing differences
between England and France over the
African communications. Domestic re-
ceipts were very heavy and under ordi-
nary circumstances would have caused
the traders to be shy Of buying. Having
nothing but the memory OF recent losses
In their minds, they covered freely every
time the buying became strong. Chica-
go received 36S cars against z last year.
The total received at Western primary
markets was 1,122. 900 bushels, compared
with $500 bushels the corresponding
day Of 1897. The quantity OF wheat on
ocean passage increased 1850. 900 BUSH
els since a week ago, and Is now 1885,
600 bushels against IS, 100, 900 the similar
time last year. The exports of wheat
and flour to Europe last week was over
10000, 900 bushels, whereas on the SINH
lar week 31s in 1897 the total shipments
were $4,000 bushels. The domestic
visible decreased only $4,000 bushels
last week, whereas the decrease last
year was 2,125,O 0 bushels. The English
visible was calculated to have increased
2S6,0M bushels for the week compared
with an increase q year ago OF $780, 900
bushels. The weather east of the Rock
les was about perfect for wheat growth,
and the California drought was broken
by a twenty-four hours rain. Continent
tai cables too were OF the main easier.
However, the market here got strong
support and was kept on the jump for
the most part so that the traders had no
opportunity to look at the ordinary news
Items, more especially those Of q stalls
tical character. May opened at 81 40
against Saturdays close Of 81 AN and
was carried UP with July and closed at
81 so bid. SIC net gain. July opened at
81 06 to 81 07h, finally touching 81 90,
eased off to 81 07& and sold up to
81 09h and reacted to 81 OK bid at the
close. a net gain OF 4Hc. September,
which closed Saturday at S9Bc, opened
ut 90090bc, sold down to S97sc and then
up to 92c, reactlng to 9l&c Mt the close,
a net gain Of 2Bc.
Corn was very strong and active to-
day, with outsiders in the market in
force. The weather was a factor, cool
and wet this morning and light frosts
predicted over q good share OF the west
tonight. Liverpool was B1kd higher.
This was productive OF much bullish
sentiment in the pit and good general
buying put prices up &c. Receipts were
IA cars July opened at S6IS@SsAc.
rose TO S7Hc and reacted 10 36asp37c at
the close, 4 gain Of &c net.
Oats were neglected but openesl flrmer
In sympathy with the general strength
in the other speculative markets. Shorts
were moderate buyers. Shippers say
there Is very little demand. Speculative
orders were very scarce. Receipts were
3S7 cars. The visible decreased $50. 900
bushels. July opened at 26A626hc
against 2GHQ2G%c, the close on Satur-
day, sold up to 26SG26Bc at the close,
q net gain Of 11sc.
IIoNlSlOlS ildue IL ScIlSitlOTul ID
vance nearly all of which was retained.
Shipments of lards and meats were
enormous. Increased outside trade was
a factor. Government orders for the
army cut a figure. There has been very
large buying of both ribs and lard
through commission houses for packers.
Hog receipts were $4,000 head, but
| prices were 5110c higher. July pork
opened at s1l SO911 95. against s11 70,
previously quoted, sold UP 70 s12 II, back
to s12 10 and closed at s12 40. &c net gain.
July lard started at SO 7096 II, sold up
to SO 90. reacted to SC 67Q6 10 and closed
at Sc so, n net gain OF 35c over Satur-
days closing price. July ribs opened at
Sc 250G 40. sold up to SO 60 and dropped
to So IS ut the close. net gain of Acc.
Estimated receipts for Tomorrow:
Wheat 25S cars; corn 1890 cars; oats 4G7
cars; hogs 30,0 900 head.
The leading futures ranged us follows;