The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-13

among the few who yentured into The
pit These bearish features Of the stu
alton, which were lost sight of in the
recent excitement, supplied the bears
with the courage TO oppose the opening
Upward trend of prices. The strong
party that had for two weeks played on
the fears Of the shorts so adrottly had
evidently made their turn and were we'll
satisfied IN leaving the market to the
tailers. July, after touching 81 II and
rushing up to 81 12A. eased off to 81 10.
chicago receipts were 1877 cars, against
~ last year. Minneapolis and Duluth
reported 5l9 cars, compared with OF the
year before. Primary receipts aggre-
gated 7S5.O0O bushels, against 1853, 900
bushels the year before. Seaboard
c~iearances amounted to 730, 600 bushels
wheat and flour. July declined steadily
after the first hour to 81 OH, which was
the prevailing price at L. o'clock, Then
the nervousness Of shorts was clearly
Illustrated. News of the destruction OF
an Armour elevator by fire caused the
bears to rush July up to 81 10 in their
efforts at covering. When 1t became
known that only 100, 900 bushels OF wheat
was destroyed the market slumped
again to 81 0S. with 81 oSA the prevail
ing quotation at the close. May was
u and neglected throughout. 1t OPEN
ed lac lower at 81 65, rallied to 81 20.
declined TO 81 60 and closed with sellers
at 81 Go, a net loss OF lac. September
opened %@kc higher at 92199Mc, ad-
Vanced to 92&c, broke to 901sc, closing
at 90Ac. a net loss OF 1Sc.
Trading In corn was active, opening
at an Improvement of SGEc, July i'm
proving to 37Ac. Heavy liquidations set
In, causing a decline OF 1c near the close.
Local receipts were 72l cars. Seaboard
c~learaHces aggregated 100000 bushels.
Liverpool quoted July Id higher for the
dny. July opened S@Ec higher at 3TS
S7Ac, sold at $3.50 and advanced unde,
active demand to 3Sc. At this point
he longs opened their flood gates and
during the remainder of the session
there was no let up to the offerings.
July touched 3G7sc, closing hGAc net
lower at 36Ec sellers.
Oats trade was small. fluctuations fol-
lowing corn closely. Scaboard clear
ances amounted tn 143, 900 bushels Chi
cago received 2S9 cars. Longs sold mod
erately. July opened h@Ac higher at
27S@27Tc, sold of TO 27BG27Ac, closing,
&c net lower at 27Kc.
A heavy trade was done In provls-
Ions and q further respectable addition
was made to their value. Trading was
chiefly for July delivery. with consider
able transactions, however. In septem-
Der. The only sellers were people who
had bought when prices were lower, and
although they had a great deal to dis
pose OF and in doing Of It the early bulge
was wiped out. the buying was so per-
slstent that prices were again advanced.
Liverpool reported n rise of Is Sd in the
price OF lard, q most extraordinary ad-
vance for one day. The local run OF
hogs was $1,000 head and prices at the
yards advanced 15@25c for the day.
Closing quotations were 4 trinc under
the best, but showed the following ad-
vances in July futures: Pork 22i1Sc; lard
10c: ribs 221sc. July pork opened at
Sl2 05Gl2 10, sold between $11 909l2 20.
closing at SIC 10. Lard opened at Sc 6211s
@G 70. ranged between Sc So and Sc r.,
closing ut SO G5. Ribs opened at Sc 15D
s %. sold between Sc 10 and SO 80, clos
ing at SO 81.
Estimated receipts for Tomorrow:
Wheat $3.50 cars: corn 7iO cars; oats
800 cars; hogs $4,000 head.
The leading futures ranged Ms follows: