The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-23

CHICAGO-Weather and war prooa-
bllities were the chief factors In to-day's
wheat market. Fears of damage from
the freezing temperature rapidly spread
Ing over the winter wheat belt made the
market strong throughout, though the
news from Washington had a tendency
to restrict trading. May closed 1Ac
higher and July advanced &c.
Corn and oats were both affected by the
weather. and advanced about kc each.
Provisions were very dull and closed
substantially unchanged.
Wheat opened very firm though quiet
and with advances in everything. July
started SC higher at S5IsGS5fsc and May
H6Ec higher at 81 05G1 05ll. The cold
wave. predicted Monday. had spread as
far south as Kansas, with freezing tenn
pera.ure In many localities. The
weather bureau predicted that it would
spread to Illinois and Missouri and the
anxiety on THE score was increased by
the high Temperature ruling east Of the
Missouri river and by the wet condition
OF the ground. In consequence there
was quiet a good demand from shorts at
the opening. The strength was espec-
tally noticeable In May as offerings were
very scarce in that"delivery and good
deal of difficulty was found In covering
even moderate lines. The price of May
rose quite rapidly to 81 OF. July in the
meantime advancing to S58c. At those
figures there Tas frcer realizing by
longs who had taken property on the re-
cent decline and who seized the oppor-
tunity OF making good profits, and prices
slowly eased on, May to 81 06k and July
to S5Sc. There was another large addl-
ton to the Chicago contract stocks, but
little attention was paid at first TO any
thing but the weather reports. Chica-
go receipts were S27 cars, double the esti-
mated number. OF this big total 131
cars were OF contract grade. In addition
81 care contract wheat were received
from mixing houses, a total OF about
213.000 BUSHELS Northwest receipts.
however. showed a falling off, Iiinnea-
polls and Duluth reporting $50 cars
against 1852 last week and 40 year ago.
Liverpool showed no change at the OPEN
ing, but closed slightly lower. After the
declines mentioned, the market became
exceptionally dull for g time, but
about II o'clock became strong again on
some unfavorable news regarding the
California crop. Heavy frosts we're re-
ported in that state. with great Injury to
the crop, which started buying again
and prices advanced TO the former high
marks. Selling again calls" then
caused another reaction, July declining
by noon to S5Is IS5Ssc and May to 81 06.
The dizziness OF trade caused mainly by
the seriousness OF the Washington re-
ports In regard TO the Cuban situation
and the resulting disincllnation OF
traders to go too deeply, began TO with
draw. Nevertheless little selling pres
sure was evidenced and after July had
declined 10 s5A IS5%c, covering by
shorts started prices on the mend and
strength was shown TO the close. Brad
streets report OF the worlds visible
showed n decrease OF Isl, 900 bushels.
Atlantic clearances were equal TO go 900
bushels. July advanced to S57sGS6c and
closed steady at SJI 4S5tsc. May closed
at 81 06. #i5t B,
corn was quiet but firm at a little over
yesterdays prices, Shorts covered all
day. Influenced by the bad weather and
prospects OF smaller receipts and by the
strength OF wheat. Selling was scatter
ed, May ranged from 29asc to .29hc and
closed M9hc higher Mt 2sk I299sc
Oats were quite active early but slow
later There was some, investment buy
ing. Shorts also brought a good deal.
The weather was an influence. Shippers
reported good foreign; bids. which was
also a Strengthening factor. May ranged
from 2Gkc TO e5&c and closed A93sc
higher at 26iS@2Ghc. 81 5.5
The market for provisions was cx-
:trelnely quiet. Trade was again; re.
stricted by the uncertainty OF the out
como Of the Cuban affair, both buyers
and sellers holding on ,forSthis reason.
Prices held steady within q very narrow
range. the advance in grain markets
sustaining provisions AZ the close May