The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-16

CHIcAGo-Bad crop reports from Ar
gentlna was the motive for an advance
of Ike IN May wheat to-day. Trading
late in the day. not only In wheat. but
In other speculative markets, was the
most active for weeks. Corn and oats
advanced HONG and 1SG14c respective
~. The price changes in provisions were
unlmportant.
Trade in wheat started In rathss slow,
though good deal of firmness was
shown at the immediate opening. Liv-
erpool displayed more steadiness than
was expected after the late show Of
weakness in yesterdays market here,
while the receipts at Minneapolis and
Duluth continued to fall of, the total
to-day being 707 cars compared with
gtS cars last week and 524 cars year
ago Chicago receipts were lI2 cars,
1--WE OF contract grade. But the firm
ness disappeared almost before trading
got fairly started. Private continental
cables reported constantly increasing
stocks In Russian ports, with continued
free offerings from Russia. This was a
source OF much weakness here yestcr-
day, and for short time Il had like
effect to-day. May opened iidD&c high
err at 66666hc. Depressed by the RuS-
sian news the price soon dropped to
CbaS6f655ic. The market continued
arther dull for about an hour and hnif
with the price hanging around 6jAc,
but by II o'clock trade had begun 10
broaden out very materially and prices
to advance with n rapldity that was
somewhat astonishing and dlsplcasing
TO the bears, Tho big factor was The con-
dition OF the Argentine crop, which Gu
bles reported very bad. Some estimates
placed the dnmhge as high as 20 per
cent This brought nearly all cinsscs of
buyers into the market. Atlantic port
clearances were heavy enough to be n
bull help. the total being put to-day NJ
1,076,000 bushelB, There were prospects
for substantial decrease In the visible
supply, which also encouraged buyers.
Exporters were almost out OF the mar
ket on account OF the car famine, but
the absence OF cash business was hard
ly noticed by the speculative crowd.
There were many slight reactions, caus-
ed by profit taking. but the market was
firm to the end. May advanced TO 61bc
and closed at G87SG6TC.
There was n big trade In corn, after
which the market went on the rampage.
Cables were higher. and receipts We're
moderate, 4S6 cars, but the market was
almost entirely n sympathetic one. fol-
lowing closely fluctuations OF wheat.
Local bill interests were large buyers,
and there WINS n fair outside buying
demand. May ranged from axe TO 3jc,
and closed hQMc higher at 347kd13bc
OntB followed wheat and corn Tho
market WINS rather duh almost IN to
noon, but became quite active after
that. shorts and elevator people being
gooi buyers. The shipping demand
was excellent, one firm selling 100000
bushels for export. Receipts were 323
cars. May ranged from 26h 6f2s7sc to
26A R2BBC, and closed SSdiac higher At
26Rc.
Provisions vacilated between heavy
hog receipts md strong grain markets,
A large business was done. The market
was weak early, all products easing on
was a good idea Of realizing at times.
up later rs the grain market advanced.
all the declines being recovered. There
was god deal OF realizing AZ times
At the close May pork was 9it higher az