The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-03
NEW YORK MINING STOCKS.


Observation-Disclosures pendIag verl-
flcatlon of crop damage reports chang
ed the wheat market to-day from buoy
ancy to depression. May, after an early
rise OF one cent closed with a net de-
cline of ssGGc; corn was without friends
and lost Sole. Oats declined nc. Pork
and lard left off shade lower, Ribs
are unchanged.
The prevalence Of wintery weather
was the governing influence In wheat at
the start and as Z ruined wheat crop
became the leading thought, buyers
were very much In the ascendant. May
opened S0Sc higher at from 1917 up
to 74c and rose quickly to 74hc. In the
meantime July which opened at from
73Ac to 73Sc. had crawled up to 74tc.
The minimum temperatures reported
from the winter wheat sections we're all
below the freezing point and indications
were for continued unseasona Die wealth
er. Worlds shipments during the
week we're estimated at about 100000
bushels, or 100000 in excess of the Eu-
ropcan requirements. Chicago received
III cars and Minneapolis and Duluth
1,0S3 cars since Thursday. The heavy
northwest receipts and comparative
J weakness of the New York market
were the chief factors on the bear side
OF the market The New. York weak
ness was interpreted as q reaction OF
the bearing feeling abroad. The market
was subject 10 many changes during
the session, according as crop damage
or present abundance predomInated III
the minds Of SPECTATORS The crop
news was generally OF gloomy charac-
ter. the exception being report by the
Modern Miller, j St. Louis publication,
which claimed that Notwithstanding
prevailing unfavorable news and back
wardness Of the season, there would be
an average yield of winter wheat. The
Atlantic port clearances OF wheat and
-four for the day was equal In wheat
and -four to ei7GC0 bushels Western
primary market receipts since Thursday
amounted to l,0i0,3S7 bushels. Towards
the end of the session the bulls lost
their grip on the market and May. after
many vlcissitudcs declined to 72ssc. l.
closed at 72Ac. July sold twice during
the day as high as 7+isc Had down TO
73lsc On the next bulge It reached
14c, but dropped back to 729sc, closing
at T2%c.
A good speculative business was done
in corn, but the market was exception
ally choppy. Country offerings were
said TO be increasing and the bull
crowd became disguised. Under liqui-
dat.on the prices slipped off sc from
the top. a number of stop orders In
the market accelerated the decline. Re-
celpts S27 cars. May opened shade
lower at from S5M @35;sc to SEC and de-
clined irregularlv to S5hc. 1t fiuctua-
ted between 35Isc and 35%c for a con-
siderable time and then got down TO
25G35hc. at which price there were
buyers In the end.
Oats were firm early. When corn
broke, however, oats followed In half
hearted way losing the slight advance
and Il little more with It, Receipts 81
cars. May began &c up ut 26Ts921c sold
sparingly at &c then declined to 26isc
and closed al "Glkd26%c.
The decline In corn had 1ishearten-
Ing influence In provlsions, preventing
buyers from giving any support to the
market. May por! started unchanged
at 50 Is and cased Off TO 50 1.hG9 Is,
the closing price. The range In lard
and ribs was Of the very narrowest
kind.
Estimated receipts for Monday:
Wheat. G3 cars: corn, lS5; oats, 2l7
head. hors Il 001 head ,1rHr