The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-07

CHICAGO-After q dull and unlnter-
esting session, wheat closed to-day at
&c decline. Trading was almost entire
ly local and fluctuations were narrow.
Corn closed unchanged. Oats were
strong but advanced only &c. Provls-
ions reached new level of prices but
reacted and closed unchanged to q
shade lower.
For few minutes around the opening
wheat was inclined to synpathize with
the action OF the Liverpool market.
That market, after opening a shade
higher. declined and closed Isd to SD
lower in the face OF yesterdays i'm
provement here. On this account first
sales OF May were at n slight decline,
May opening n 9iSG95c. against yes
terGay's closing price OF 95Hc. Besides
the Liverpool decline, northwest re-
ceipts Continued heavy. Minneapolis
and Duluth reported total Of 3S7 cars,
against go last week and 9I9 q year ago.
Chicago receipts were &c cars. The
exports were also not up to eXpecta-
lions, 3,43i,000 bushels, against 5.026,00o
the week before. \ rather bearish
showing Of the visible was looked for
Monday and New York reported moder-
ate selling at the opening for foreign
account. Notwithstanding alt this, the
market became strong almost immedi-
ately. Moderate buying by local lorts
interests principally supplemented by a
little covering by ST. Louis brokers of
lines put up yesterday, carried the Pfce
Of May steadily up to 95,kG95sSc. The
advance was helped by the continued
strength Of oats and provisions, both OF
which markets made new prices for the
| season during the morning. There were
pP 70 ,tr-n n
southeastern Russia, and California re-
ported 4 continuation of the drought.
\ factor In the advance was the report
that the reduction on the Italian grain
duty would probably remain In effect
| until the last day of May. After the adj
vance to S5l!G95asc prices eased off
| slowly to 95hc on realizing, but closing
| Paris cables caused another brief Pc
riod Of strength and 4 reaction to $3.50
95ihc. Paris was from 10 to 65 cent!mes
higher for flour and 1880 centimes
higher for wheat. During the last half
hour Of the session prices gradually re-
+ ceded. There were moderate though
persistent offerings. pr,ncipally/in the
way of local evening up transactions.
and May finally dropped to 95c. That
price was bid at the close.
The market for corn was firm but dull,
Wall averaging, IL lItlie ONtI ) 70
| tc:Gay'S close. The market was n good
6eal influenced by the action Of oais.
| Wheat scalperS were moderate buyers.
The slight advance disappeared under
| realizing late in the session, the market
closing steady. May ranged from 29A@
a97Sc to 2992gisc, and closed unchanged
at 2oHc.
Oats were again quite active and the
market made new high mark for the
| 2eason. Reports OF large cable accept
ances were an important factor in the
| advance. Heavy buying by the most
! influential traders and shippers and
commission houses took quantities. The
advance brought out liberal realizing
and ! art OF the advance was lost. the
market closing firm. May ranged from
2itsc to 2i9SG24Ac, and closed &c high
er ut 2iSc.
| Provisions were again quite active.
| Opening slightly easier, the market
| quickly became strong on continue
ton OF the general buying noticeable
yesterday. Packers were credited with
| considerable buying. Prices reached
| the highest point Of the season, but
heavy realizing at theS top caused q re-
action, the market closing steady but
with all the advance lost. May pork
closed unchanged at $40 q, May lard
2Ec lower at 81 92ia. and May RIBS 2i&c
lower at s. e5@5 07i5.
Estimated receipts Monday: Whea.
| 70 cars: corn Go cars; oats go cars;
| hogs $4,000 head.
The leading iutuTc3 ranged as follows: