The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-04

starting at sss.ds57sc. against yester-
days closing price OF SeT. GS5c. and SELL
Ing up Ina short ;lne to s5Skc. The de-
mand from both local and southwestern
shorts was the mpst active In some time
and a good deal Of difficulty was expert.
cnced In covering lines OF any import
anee. as offerings were scattered. and
sharp competition resulted. The heavy
cash sales for export and domestic mill
Ing purposes during the past week.
which was the feature OF fridays
strength was evidently still In the minds
Of tradcrg, Another factor was the
sharp advance at Liverpool where prices
werr about Id above Fridays. This
strength, reports OF. further heavy sales
at the seaboard and u continued large
demand from Continental houses lent
strength to the theory which has been
gradually growing, that the actual out
break OF hodtilltles would mean nm Inn
mediate advance. In prices and III was
generally believed that Liverpool was
acting on this thcory. The trade was
much influenced by the large business
done In low grade wheat yesterday FOR
export. one firm dlsposlng Of about $780,
900 bushels. To-day's engagements
were reported equally heavy. North
west receipts were moderate. 900 cars,
against go last week and a5s a year ago.
Chicago, receipts g. cars. n
OF contract grade. The days addition
to the contract stocks amounted to about
1l2.G00 bushels, IS cars and 20. 500, 900
bushels coming from mixing houses.
The weeks clearanccs were put at e.650,-
000 bushels. a slight decline followed
the advance to Si%c, holders letting go
a little more freely. but offerings were
snapped up SO quickly that after drop
ping to Si%c, the market began to climb
again and did not stop until Soc had
bid and accepted. There the market
held for some time and a large business
was done at that figure. The announce
ment by Letters manager that he had
Withdrawn NIL offers previously made
for the disposal OF wheat and that not
withstanding the fact that bids were
heavy and from all sources. no prices
would be named at present, much higher
prices being expected In the event OF
war, made shorts doubly anxious to get
from under. but the &c advance was too
tempting for the average holder and
wheat soon came on the market in large
quantities. The result was a gradual
decline In the price. July finally getting
down to Stkc, where It closed. Before
the crowd left the pit. however, &Sc was
bid.
Corn was firm and a good business
wal done. Shorts were large buyers all
day, commission houses doing most OF
the selling. The market was effected
tome by wheat, but a sharp advance in
staples and a good export demand were
factors OF equal importance. May ranged
from 29S G291sc to 29isc and closed SR
&c higher at 29% 929lkc.
Oats showed more activity than usual,
with trade more general.
The strength of wheat and corn and
large clearances were influenced. Shorts
were the best buyers. May ranged
from 25SG.5hc to 25Bc and closed 10
&c higher at 25k G25fsc.
Early trading In provisions was mark
ed by sharp advances especially In pro-
visions. Contract stocks were much less
than expected and this and the strength
OF grain markets induced a lot of buying.
High prices OF the day were reached on
this rally, which was followed by a gem
eral decline on realizing, but near the
close buying became general again and
the market closed steady. At the close
May pork "a 121sc higher AZ 50 Is: May
lard l2isc higher at IS 20 and May ribs
10c higher at IS Is.
Estimated receipts Monday: Wheat 40
cars: corn 145 cars; oats 2l0 cars; hogs
SO, 900 head.