The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-25
nread.inn. ana Provisions.

i
CHlcAGo--Grain and provision mar
kets were all weak to-day, led BY wheat4
The break in Wall street resulting from
the war scarc caused general anxiety of
smaller holders TO get out and resulted
In sharp declines. May wheat closed at
a loss OF 2Sc from yesterday and July
lost l,sc. Corn and oats closed about
NC lower each and proylsions chow clos,
Ing declines Of from &c to 17Isc, s
Selling orders. especially from the
smaller holders were very much In EVIL
dence at the opening OF wheat trading
and az limited support was given the
market the. tone at the start and for
some time after was very weak. Open
ing prices OF July which closed yesterday
at 91Sc ranged from Ole to 90%c and In
May from 81 f05 to 81 0iS, these figures
being l1lAc decline from yesterday
Selling orders came on the market stead
lily for a time and though no large
blocks were unloaded the effect OF the
hanlmerlng was shown In q decline TO
conc In July and 81 0lk In May. The
market reacted under moderate covering
by shorts, July 9lAc and May 81 05is.
These prices proved to be high points OF
tho day. Selling started afresh at the
advance and prices gradually rendered
downward though fluctuations were
very frequent, the market showing con-.
siderable nervousness, The break In
Wall street securities and the increasing
gravity OF the Cuban reports were the
overshadowing Influences. The smaller
holders especially showed guod deal OF
anxiety. to unload their lines. Another
factor was the weakness shown by Nv
erpool in the face OF the small stocks at
that place. The English market showed
declines OF from I'd to I'd. The rally In
Wall street had the effect of stopping In
q degree the selling pressure and the
first reaction noted followed after May
had got down to 81 OK and July to 90%c
period OF comparative steadlneas fol-
lowed. Those prices were around put"
figures. which had eteadying influence
on the market. Letter was also credited
with moderate buying at the decline.
The market became exceedingly dull
and remained 50 until near IL o'clock.
Then radical weakness developed. Of
ferings OF long wheat which had been
small for some time increased In volume
under the influence of rather sensational
Cuban news. There was considerable
pressure on May which the crowd be-
lieved to be due to Letter and this served
to increase the nervousness OF holders.
and prices steadily declined. Routine
news had little influence on prices.
Northwest receipts were 264 cars against
$50 last week and 1873 a year agu. CHI
cago receipts 1913 cars, IS OF which were
OF contract grade. The day exports
from the seaboard were rather small.
amounting to $4,000 bushels in wheat
oil e1, AL
Weakness Toward the close the market
became very weak and little support
from any quarter was forthcoming. May
declined to S9ikGS9S@S9Sc, the latter
delivery being supported by a prominent
broker late In the session.
Corn was active and weak, influenced
by the war news and the break In wheat.
Liquidation was very heavy from the
start from all sources and prices de-
clined rapidly. Toward the close cover
Ing by shorts gave the market steadier
tone. though very little improvement in
prices resulted. May ranged from 1910
sossc to 29Sc and closed nc lower at
297c.
Market for oats was active and weak,
the same influence prevailing as In corn.
Liquidation was quite frequent and
heavy during the morning and sharp
decline resulted. Weakness was very
pronounced until near the close when
moderate covering caused slight rally,
the market, however, closing easy. May
ranged from 2sssc to 277sc, closing SO
&c lower at 26kc. (. a.
Provisions were only moderately ac-
tive and weak. Packers and some in
iluential commission houses were large
buyers, but the Influence OF the war
news. the declines in grain markets and
lower hog prices caused heavier offer
ings than the demand could absorb and
prices declined from the start. At the
close May pork was 17isc lower at $40 G5;
May lard TIC lower at s. 221.; May ribs
10c lower at S. 10. u
Estimated receipts Friday:
Wheat 101 cars; corn $50 cars; oats sos
care; hogs 1900 head.
The leading futures ranged as follows:
N I5 EE1ZI 1l-l