The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-06
NEW YORK MINING STOCKS.


CH1CAGO-Heavv covering by wheat
shorts to-day on sensationally bad crop
reports caused jump OF 2kc bushel
in prices. AT the close May showed q
net advance of 1@1Ac. Corn was drag
ged up reluctantly by the buoyancy of
wheat, recovering from &c loss to &c
gain. Oats improved hGAc. Provis-
Ions advanced 15c and lard and ribs &C
each.
The filling of buying orders, which
were sent In on account OF the weak
ness on the curb yesterday, together
with better cables abroad gave wheat 4
fairly good start. The Ohio state crop
report. however, knocked the bull feel
Ing out OF the crowd. The report show
ed condition Of s.. compared with so
the year before, and with &c per cent OF
last years crop still in farmers hands.
May opened &c higher at 72A G72sc,
sold at i24c, then declined quickly to
703sc. Liquidation was heavy on the
way down and recovery did not set in
until general exchange OF crop news
from country correspondents among
commission men established the univer-
salty of crop damage of serious
character in all western winter states
outside OF Ohio. Chicago received 81
cars, Of which IL were graded contract.
Minneapolis and Duluth got 300 cars,
compared with 253 the corresponding
day year ago. Atlantic port clear
anccs of wheat and flour equalled $780,
0cO bushels. Primary western market
receipts aggregated 100000 bushels,
against $4,000 last year. As the session
heared the end, the crop damage re-
ports became sensational and were
backed up by heavy buying orders from
the country. Shorts became nervous
and when an attempt was made 10
cover. offerings were found to be very
scarce. The competition became SO
great FOR what little was for sale that
May hcsltating at IKE jumped up
quickly to G3hc. and closed at 73c. The
fluctuations In July We're almost iden-
teal to that of May and both months
kept closely in UNISON. Mag SIN kept
the lead as TO volume OF trading, but
when changes to July could be made on
even terms there was disposition
eviEced by longs to transfer trades to
the more deferred future.
Liquidation Of long property depress-
ed corn early. When the rapid rise in
wheat got well under way, however,
shorts became alarmed and bought back
former holdings causing n sharp rally.
Receipts 3S5 cars. May started shade
lower at from 3G7sc down to 35Mc, de-
cllned to a4Ac. then advanced to $50
35Bc and closed with sellers ut 3Jc
Liberal selling by the country and
better weather weakened oats early.
BuSirg by prominent short nj the
decline. however. started an up-turn
ana the loss was more than recovered.
Receipts $50 cars. May began shade
lower ut 2GAI26.sc; sold off to 26Mc:
improved to 26Tc. and closed at 2Gss9
26Tc
Moderate selling bF packers at the
beginning weakened provisions. Tho
Improvement In grains caused enough
covering to bring about a recovery.
May pork opened 2lsc higher at
80 12is. sold on to 80 07lh. then rose to
80 20 at the close. The range In lard
and ribs was narrow.
ESTIMATED receipts:
Wheat, so cars; corn, 3l0 cars: oats,
$50 cars: hogs. $4,000 head.
Cash quotations were as follows:
Flour dull and Unchanged.
Whcat-N0. 2 Gpring GaM70lkc; No. 3
white GMIOc: No. red T2ikc.
3i,sc.
Oats-No. .. &c; No. . white 29,49
Sohc; No. > white 2ShG29Hc.
Rye-No. 2. 53kc.
Barlcy-No. 2. 39Ii7c.
Flnxsced-No. J, 81 20; now 81 o3k.
Misunderstanding 81 Is.
Mess Pork--Per barrel 50 1hI9 20.
Lard--Per 100 lbs. IS 2gEI5 2a