The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-22
Brsad.,nfi. and Provision.

~ Brendstuna and Provisions. r. (,
CHICAGo-whcat was very nervous
and unsettled to-day and fluctuations
covered a wide range. News, as a rule,
was bearlsh, but tomorrow Is holiday
and the pervadlng Letter influence
made shorts anxious TO cover. May
closed at sc advance and July Misc high
ter. Corn and oats were heavy on free
liquidation, and closed AG&c. lower re-
spectIyely. Provisions show small ir-
regular changes in closing prices.
It looked at the opening in wheat rs
II there was to be another wild day in
the pit. May was bid for ut the COM
mencement all the way from 81 06 to
81 07l:, the higher figure being an ad-
vance of 1hc from Saturdays closing
price Mostlof the, bidding was at 81 06
and the prices rested there for q mo-
ment. Then 1t rose rapidly 10 81 071S.
declined cent and worked back most
slowly to 81 OF. July was affected also,
though not showing such rapid or vlo-
lent fluctuations. July opened at from
92c to 92,ac, or &c lower to sc higher
than Saturdays close, and advanced
during the first bulge In May to 93Sc.
This was followed by reaction to
i92Sc and n subsequent rally to 93hc.
The break In New York stocks and the
war talk in the morning papers I'M
doubtedly had q good deal of influence
on shorts. whose anxiety to cover was
responsible for the nervousness the
market displayed. Some bullish
strength was also impaired by the
steadily falling of In northwest re-
celpts. Minneapolis & Duluth reported
arrivals of $3.50 cars, against &3 las;
week. Last weeks receipts, however,
were for TWO days. Chicago received 70
cars, 81 OF which were of contract
grade. Worlds shipments were. heavy
at 7.3IS.00O bushels. but this was offset
by another large decrease In Liverpool
stocks, about 300, 900 bushels. Though
Letters representatives claimed they
did nothing with to-dar's market, the
crowd believed that a good portion of
the buying was theirs. and this belief
added to the general nervousness.
There was also a general disposition to
even up on short lines as much as pos
sble in view of to-morrow's holiday.
Wheat on ocean passage showed an in
crease for the week of 2.320, 900 bushels
This provoked lively selling from scat
tered longs. UpHto midday the mar
ket showed a series of fluctuations. mora
or less violent, May being bid up at one
timeSto 81 oS, but dropping at once to
81 07E. July acted heavier and did not
get at any time above 93Ksc. The visible
figures were a distinct disappointment
to the bulls. They showed a decrease
OF, about 100000 bushels and but for the
heavy decrease at Chicago. owing to
the Letter shipments, there would prob
ably have been an increase Free SELL
ing, bothin July and May followed this
announcement, July declining TO 9l&c
and May 70 81 06. Toward the close q
sudden bulge in the New York market
and the good export business from At
lantic exports, $4,000 bushels. injected
some strength into the declining market
and a slow rally followed. At the close
May was bringing 81 OsX and July
92Hc.
There was heavy selling of corn from
every direction. Tile market started
strong and higher in sympathy with
wheat, but heavy liquidation started at
| once and prices soon lost the early ad-
vance. Heavy local receipts, q visible
increase of 1885. 900 bushels also encour-
aged short selling. Country offerings
were small and cables firm. May rang
ed from i3lssc to SOtsc and closed &c
/ lower at 305sc.
The market for oats was similar to
that OF corn in its action. The start was
strong with wheat, but the market soon
yielded to general selling and lack Of
support and acted weak for the rest OF
the day. The visible decrease. $4,000
bushels, but this apparently had no
effect. May ranged from 27isc to csc
and closed &c lower at 26Ic.
Provisions were fairly active and ir-
regular. Opening strength with grain
and firm hog market was followed by
general small declines on selling by
packers and holders of small lots.
After that prices did not change
much. Lard was better supported than
either pork OF rios and closed steady. AT
the close May pork was 2Isc lower at
s11 90: May lard 2hsc higher at S. 25 and
May ribs 2Isc lower at IS rs.
Estimated receipts Tuesday:
Wheat 81 cars; corn 800 cars; oats $50
cars; hogs e, 900 head.
| b " - 81