The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-13

CHICAGo-Reports OF heavy cror
OF wheat OF good quality in the Argen.
tina broke the confidence OF holders o,
wheat to-day and robbed ths market o!
&c gain made earlier in the session.
May closed with Kc 1oss.- Corn and
oats left off shade higher. Pork de.
elined sc and lard and ribs 2Elsc each.
There was enough bullish feeling
among traders carried over from YES
terday to start wheat strong, although
the general situation before business
began suggested n downward COURSE,
Liverpool cables came onlv I'd higher
and the Price Current spoke Of the
prospects for winter wheat more en-
couragingly. One po!nt OF the carly
news concerning domestic receipts was
Interpreted favorably to the bulls.
Northwest receipts were quite moder-
ate, 4l2 cars. against AL for the same
dag last week aud So for the cores
pondtHS day last year and Chicago re-
ceirSu 1iS cars, OF which only %
graded contracts. May opened q shade
lower Mt f0;sN71c and as the market be-
gan TO show strength, shorts took fright
and covered. AS there was Very little
for sale competition sooa helped the
price, and May advanced 10 7lSc. 4
private message from n leading local
trader who Is abroad reported Russians
cancSil!nG rye scles and declared that
France was buyer OF wheat. This had
Il ouil!Sh effect and as L New York
SYNDICATE which was reported long
about 100000 bushels bought on ev-
cry litle dip, the price held steadily
Withln 'sc o: the top the greater potion
OIL the session. The aggregation OF the
western primary market receipts was
hiS,uUo bushels. nearly double that for
the same day last year The ctcarances
Of wheat md -four at the Atlantic sra.
board which nctc1 as n s;I1fulaat IN
declining prices yesterday had n 10
pressing effect to-day as onlv 401 oOo
bushels were reported handled. rr-
POETS received late In the Gay said thot
the Argentine wheat crop would he 81
large proportions and TIE grain of GOOD
qualify. As the expectation OF n degrH
in TINT quarter has been one OF the sus-
tanning features here of late. this niece
OF news had 4 weakening effect and
may declined to 10&c buyers, the clos
ing price. TO-
Damp weather and bullIsh nevg from
ms country concerning the demand for
feeding and reduced stocks In first
hanos strengthened corn. Nav opcnrl
a shade higher at 37AG37%c and as
puyins orders was quite numerous tho
price during the first hour and n hair
was forced slowly but persistentIy IN
to %1ssc. Receipts were ia cars, EN-
port clearances were small ,29s. COO hnsh.
els. but the demand here from tho cnst
was good ana some sales for shlnmon,
were reported. Railroad cars also were
kss scarce. although shippers stfII com
planned of being unable to procure MI
they wanted. "''
When wheat In the last hour bcro,
10 droop. Corn followed, getting .v"rw
heavy near the end. Selling orders i,n,
gan pouring Into the pit and Mnv snr-
Gcd to aI1sG37Mc and closed at 37HG
Light offerings and small receipts II,
cars. strengthened II bit, but there wns
IL Ecod export Inquiry and n few sneru.
MtfTe orders were sufficient to snnd
prices upward. May opened shade
lower ut ?75sp27zc ard advanced ~
&c where Il held steady during ms
greater portion OF the session. Ncnr tho
chd'however, oats yielded with tho oth-
/ Sr grains and May sagQcd Otto 27@ m
@fkcdnd closed ut 27%N27Tsc, ''S
a, light run OF hogs and q good OK.