The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-07-20

CHICAGo-Covering by shorts on
claims OF crop damage from the north
west resulted In a rise In wheat to-day.
September closed lkc higher and De-
cembeF gained ne. Predictions OF gem
eral showers broke the corn rally. Sep
TENDER left on M6kc lower. Oats are
unchanged. Pork declined i5c and lard
and ribs 7lE910c each.
The urgency o. the demand for the
cash article and the early strength de-
veloped by corn started wheat firm.
First trades for September delivery
were at from STHc to 67SSc, whereas It
closed yesterday at 67A66TKc. Calls for
the day were at from 679ic to s7&c, so
that the sellers yesterday afternoon OF
those privileges were at once made an
Xlous. Another encouraging feature
was the fact that while the receipts OF
new wheat were on the increase there
was a sufficient demand TO absorb Il all.
Bradstreets reported a decrease of
.6,74s, 900 bushels In the worlds visible,
against 4,256,060 bushels decrease Inst
year and that was supposed to be the
cause for considerable rise In prices
that started about the middle OF the
session. Later, however, 1t was found
that those who by the heaViness OF
their purchases contributed chiefly to
the advance were Influenced by the re-
ported damage by heat 90 spring wheat
in the northwest AS q result OF these
reports September wheat that had been
llstless and fearfully duh all forenoon
at 671EG67%c became strong and active
and rose TO 6SSsG6SAc. Prices sagged a
tribe near the close on profit taking.
Chicago receipts were i19 cars, ZIG of
which were new and twenty-five we're
contract. Minneapolis and Duluth re-
ceIved Hfty-eight cars, against 1856 a
year ago.
September opened Hd%c higher at
6T%d67&c, sold up 10 GSMd6S&c and
closed at GS%96S4s. December started
Aa%c up at 67%G67%c, declined. 20
679Sc, rose to 6SIsc, then down to 6Sl5c
at the close.
Corn had two phases. bull one
early on high temperatures and dry
weather mnp. and bear one later on
predictions OF general showers The
opening was at maize advance on good
covering by helated shorts who had
stayed out until their position assumed
very dismal outlook. The market did
not get behind the opening quotations,
however, rs heavy realizing by scatter
cd holders checked the upward ten
AGNNNs 4 AANNn NANN olNhAg II tit uA-
vance until the weather bureau forecast
was out This proved shock to the
bulls Thunder storms and cooler wen-
ther were predicted and the crowd lost
no time In getting out short lines, while
the demand seemed OF a sudden to
cease and the offerings were sufficient
TO break the September price from 3tiSc
to SAKE, Three wRs a recovery OF &c
from the bottom price near the close on
the bullishneSs In wheat, September
opened %qsc higher 3i134kc. sold on
20 35iGc and closed at 33iAc bid
A good cash demand held oats steady
despite the slump in corn. September
started Nose up at 1875 d2Oc. declined
80 1916, then rallied TO 1880 at the
close.
Provisions had strong start on the
good demand and higher prices Mt the
yards for tc.dhy's run OF hogs Pack
ers were liberal sellers and loaded the
market every time buyer showed him
self Yellow fever rumors weakened
the close. September pork opened SC
higher nt $40 O7is, rose 10 $40 10: drop
ped TO 80 S2iE, then recovered 10 80 S7ls
near the close. September lard started
2isc higher at s. 72iS and sold on to
s. 6Od5 62Is, the closing price. Septcm-
Der ribs began 2kd5c better at 81 nv,
declined 20 IS 62ls65 65 aud closed at
IS o..
Estimated receipts for tomorrow:
Wheat 40 cars; corn, 2S5 cars; oats.
1876 cars; hogs. 10000 hoad
Cash quotations were as follows;
Flour steady.
Wheat.-No. ? spring 75c; No. spring
72aS0c; No. 2 red fSe.
Corn--No. 2, 33h033Rc; No. yellow
35% d3ic,
oais--No. :, 2a%e; No. white 2Ic;No.
white 25% G2ssc.