The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-10

- -f7illil ~ T.
Brea,istuns and prnylsions.5
cHIcAGo-wheat averaged easier
to-day over moderate runge. May
wheat closed at tsc decline. Firm cash
markets and d good export demand
saved the market from q more severe
break. Corn lost isc. Oats closed in-
changed and provisions 2h4I15c higher,
Tho action ofSwheat during most OF
the carly morning was in line with the
early news. The rain and cold wave
predicted by the wather bureau failed
10 materialize. which rather weakened
those who yesterday had become lnocu-
lated with the virus OF fear for next sea-
sons crop. Liverpool showed sd I'D
vance, which was hardly up 10 expecta-
lions, and early Argentine news was
quite bearish as regards tho shipping
surplus OF that country, q Rosaro cable
estimating II at 46, 000, 900 bushels. hc-
cordlng TO Bradstreet's report OF the
weeks exports of wheat and flour from
both coasts OF the United States and
Canada they were only 3,4Sl.676 BUSH
els, against 5,545, 900 bushels the prerl-
GUS week. The net result Of these sew
eral pieces OF information was the cre-
alton OF u somewhat bearlsh feeling at
the opening OF business. May wheat
started at from 9lTc to 91hc, against
9lSc at the close yesterday, and In
about half an hour It had gone down 10
9lb09lHc. The Duluth market came
again to the support Of the bulls by adj
vancing cash wheat there from Ole 10
92hc In q fcw'minutes. 1t was thought
here that the advance could have been
and probably was manipulated from
Chicago. 1t had q bullish effect, not
withstandlng. Paris and Antwerp each
quoted moderate advance for the day
andthatwas an additional bulllsh factor
that helped the market to recover from
9lA091ltc To- 9lXc. The receipts at
Minneapolis and Duluth were 3e7 cars.
against ia the same day last year. The
Chicago receipts were ,4S cars. II OF them
contract. There were transferred from
unlicensed to licensed houses $1,000
bushels No. northern spring. 0 cars
No. 2 spring and car Of no grade.
The Atlantic port clearances of wheat
and flour, exclusive of Newport News,
were equal to $4,000 bushels. Primary
market receipts were $4,000 bushels,
against 10000 the year before. Other
advlces from Argentina put the avail
able export surplus at 1000, 900 tons, or
about 100000 bushels. lntinlating at
the same time that holders were anxious
sellers TO Europe. at lower than Amcri-
can prices. Beerhoms estimated the
the weeks clearances from all ports to
Europe this week mt 100000 bushels.
Baltimore reported large quantity Of
wheat sold for export after close Of
change yesterday and foreign bids to-
day at 1c over yesterdays bid prices.
The latter information. together with
the higher quotations from the contl-
nent and heavy Atlantic exports, caused
further brief rally to 9lSc, but It
quickly slid off again to 9lAc, and was
at that point ten minutes from the close.
In that ten minutes, however. the mar
ket turned strong again and at the close
May was offered at 9lasc.
Business in the corn pit was dull and
prices moved reluctantly and within a
small range. The close showed de-
cline OF &c. The feature was the absence
Of country selling. the country on the
contrary doing u little buying. There
was little selling pressure toward the
end sufficient to cause the slight de-
cline which marked the close. May
ranged from 29kc TO 29Ac and closed at
29A 129Sc.
|, Oats were dull and without special
feature The market was easy at the
opening, due TO sympathy with wheat.
The slight decline was recovered later
under fairly good buying, the close
showing no change from yesterday.
The cash market was firm at slight
advance. May ranged from 2SS 924 to
2Sss @23Sc. closing at 235sc.
Provisions were strong at the start
and at no time during the session did the
market show any sign Of weakness. a
small run of hogs started prices higher.
Commission houses bought literally, APP
pareptly r the same interest, ribs
being in especial demand. At the close
May pork was TIC higher at 50 42k,
May lard 21sc higher at 81 80, and May
ribs sc higher at 81 Is.
Estimated receipts Monday: Wheat
60 cars: corn $50 cars; oats $50 cars;
hogs 10000 head. NJ