The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-26

+. - Z F.
CHARACTERIZATION OF long prop
erty continued on the board of trade. to-
day. the threatening political situation
dominating all other influences. Cow
erins of short contracts near the close
caused rallies throughout. but left de-
clines in July wheat of 7G@&c. nc in
May. corn, AI2sc in oats, and 2h617c
In provision, the latter In May pork
Clique brokers accepted all the May
wheat offered and held 1t at 81 o..
Wheat opened weak and lower on the
extremely heavy shipments from Ar
gentine. that country contributing
2,360.000 bushels during the week, COM
pared with onc-tenth of that amount in
the same. week last year. Liverpool ca
bles showed declines In that market
averaging I'd. part OF which was
quickly recovered, however. From S2SG
S2l&c at the start. July fell to SIC and
held at that figure for some time, rally
ing occasionally to S25sc. only to be
pounded DOWN again. Chicago receipts
were III cars, against nineteen o year
ago. Minneapolis and Duluth reported
4al cars, comapred with 434 last year.
As the session progressed the market
became still heavier. july finally tum-
bling to size. War talk undoubtedly
had much to do with the decline which
was accompanied by heavy liquidation.
Professionals covered freely from SEC
down, but the offerings more than sat
isfied them. Reports that the duty on
wheat had been removed by Germany
and cablegram stating that the pota-'
10 crop In the United Kingdom was the
T., - .t,, hp 4 Ia aSrn
Sales OF thirty boat loads at the sea-
board and the modern miller report al
leginG serious damage to the growing
plant In California. Nebraska, Kansas
and Texas during the recent cold wave
started buying movement near the
close, which rallied prices full cent.
May sold between 81 03 and 81 o., clos
Ing at 81 Oh. july opened &c lower at
S2KRSi1sc, sold off to size and closed at
S2KdS2Rc, sellers.
Corn shared In the general weakness.
but although lower prices prevailed
there was q sufficient number OF shorts
willing to take profits to hinder further
buying caused by the weakness In
wheat. The receipts were only 132 cars,
against $50 estimated and only 125 was
the number Of cars predicted for to-
morrow. The Atlantic port clearances
for the day were $4,000 bushels. about
half from Newport News. The recov-
cry IN wheat near the end had n bene-
fetal effect. May opened hc lower at
2SSs G2Shc. sold at 2SkG2S%c. rallying
TO 2SlAc at the close. sf1E
Oats suffered a decline OF A@7sc for
May. delivery and 1sGlhc for july on
moderate trading. Longs were the
chief sellers. The weakness In wheat
and corn had good deal 10 do with the
heaviness that prevailed. No export
business was done. Exports from
Atlantic cities were 1890 bushels. The
local receipts were 1879 cars. May opened
at from 25AG25a.c. lecllned TO &c and
closed worth 2jIsc. }
n Provisions were weak and selling OF
pork more especially was urgent for n
long time. The steadler feeling In the
grain markets near the end of the scss-
ion had n somewhat rcassuring effect
and caused the recovery OF
some OF the carly decline. May
pork showed lose OF 271ac a barrel at
one time and of l7iAc In the. end Lard
ana ribs were relatively less weak, The
former lost for the day ck6p5c and the
latter "a GIc for Mnyi with July leav-
ing off at Thursdays prices. .fi
Estimated receipts for tomorrow:
a. Wheat, 40 cars: corn, 125 cars; oats,
16S cars: hogs, 10000 head,
Cash quotations were us follows:
Flour dull and weak. yats N (,
Is Wheat-No. spring 90a93c: No, 8.
spring wheat SoT9lc: No. ., red 81 00h,.
Corn-No,#2, 2Shc;g No., . yellow 2Sac.
Onts-No, 2. .5h acc: No. . white
2sA dSOe: No. 0 white 271sI2gc,
Il Rye-No. .. Ave, n a a
Fnxsecd--No3 4 81 1Tfl1 20.
neutrality-suspicious. 81 S5a S7I,s.