The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-20

| Observation-Disclosures of the for
elgn markets and the all pervadlng
feeling of gigantic crop here weakened
wheat to-day. July left OF with a loss
OF SIC and September 1lsc lower. Corn
closed &c higher and oats unchanged.
Pork closed &c lower, lard 21Gc down md
ribs unchanged. - s,s
The holders of July wheat were thrown
into something of panic ut the start
by the news from Liverpool, where spec
ulntors were said to be demoralized. AT
one time the price of July there was
quoted SIC per bushel lower than last
! nights price. For some days the feel
| ing in July has been steadily growing
weaker and when the adverse news from
Liverpool was received the price OF July
| fell off to 72hc, drop OF &c from the
close last night. a considerable portion
of this decline was recovered on general
buying September and December
showed q fair degree of strength and
sold somewhat higher at the start. but
finally broke on the demoraliZed feeling
In July. September sold down to GISsc,
or &c below the close yesterday. while
December declined to 6Sssc The rally
In July caused some Improvement In
thse longer futures and they got addi-
tional help from the liberal buying by
shorts. who took advantage Of the break
TO buy in and secure profits, and under
these improving conditions there was q
good rally.
The continental markets were very
weak and when the declines for the day
were announced from Paris and Ant
werp, the prices here had another severe
al H., =
In the northwest the weather In, the
south and southwest. where wheat Is in
Its rIpenlng stage, the conditions are all
that could be desired. The declines at
Paris were SIC hushel for June and
3%C n bushel for Septcmber-D December.
Antwerp was down the equivalent OF
SIC for American red and 2Ssc n bushel
for California. The reported prolonga-
ton Of the period for free importations
OF wheat into Italy was ,contradicted.
The time will expire July l, rs was orig
inally intended. Domestic receipts were
very light-15 cars at Chicago and % al
Minneapolis and Duluth. The weeks
receipts ut the two latter were SIS cars.
against $50 the corresponding week OF
the year before. The Atlantic port
clcarances were very small. amounting
in wheat and flour to $4,000 bushels
July opened logic lower at 73hGD7ikc,
sold down TO 72hc, advanced TO re, then
firmed UP to72Ac nj the close. Septem-
Der started hG&c higher at GSkc, sold
down to G79sc. rose TO GS8c, then weak
cncd to &c bid, the closing figure.
The strength In corn was due to the
impression largely, prlvatlng among In
Auential corn traders that the crop can
not turn out well without most excep-
tlonally favorable weather. from now TIL
It's maturity. Heavy rains In the west
ern states during the last twenty four
hours tended TO maintain the courage
Of the bulls. Julyiopcned nc higher at
32ltS @32Ac. sold UP TO 32ik@32Mc, then
declined 10 32h @32%c the closing figure.
5i Oats derived n llrmer feeling In SYM
pathy with corn. July opened k(nHc
higher ut 2iM@24hc, declined to 2SX1
23sc.' md closed Mt 23Ac bid. Iir
z Influenced by The strength In corn,
provisions showed n slight improve
ment. July pork started 2isc higher ut
80 621a. sold up to 50 67,s,. then declined
to 80 Go, the closing price. The range in
lard md ribs was unImportant sgl
Estimated receipts for Monday:
,Wbcnt;13 cars: corn $50 cars; oats lao
cars; hogs $4,000 head. 4
Cash quotations were MS follows:
/ Flour-Mlll winter patents 81 SCAT 90;
straight 81 JOGF4 co.: clears 81 1906 90;
spring specials s. 25N5 So; Minnesota
hard patents 81 75GD5 Of. +
Whent--No. 2 spring 7tG7Gc; No, 3
spring 70mS0c; No. 2 rcd SanS4c. 81 2,
n Corn-No. 2, 32i!sc: No. 2 yellow 32&