The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-03
Rrcadstufrs and prnrisions.

CHlCAGO-After temporary firm
ness to-day wheat yielded 10 further
liquidation OF lorE property. Heavy
export taliings at the seaboard checked
the GeclEc . cents from the top price
of the session. and May closed with n
net loss o. &c. Corn and oats held aloof
form demoraliZing ASSOCIATION with
wheat, and left off at an advance OF &c
in corn and Mdb%c in oats. Pork and
lard arc shade higher and ribs I'M
changed.
The circulation of many crop dam
age reports and fair buying orders
from New York started wheat firm, but
without much animation. May opened
&c higher at 14sSG74Ic. and during the
first few minutes trading advanced to
75hc. The Price Current. in its re-
marks concerning the condition Of the
winter wheat plant. said most OF the
wheat area had snow protection and
the average condition OF the plant was
only moderately lowered, while It's gen.
eral promise was good. That was n
sort of frost that nipped the budding
expectation OF crop scarcs, and May
declined TO TiBGI4&c again. Chicago
received S. cars. of which four graded
contract. Minneapolis and Duluth got
463 carloads, as compared with i0I for
the corresponding day a year ago. New
York reported heavy buying of futures
there by foreigners, while the adviccs
from Liverpool were to the effect that
offerings from Argentina were dimin-
shinE. which encouraged considerable
buying, and May rose to 75bm75hc. At
that point the bears put the kettle on
and gradually boiled the price down.
St. Louis and New York sold heavily,
and this brought about considerable en-
forced liquidation by local spectators,
May declining to 13hc. Aggregate re-
ceIpts ut western primary markets were
100000 bushels. compared with $4,000
n year ago. Atlantic port clcarancc3 of
wheat and flour We're equal TO 100000
bushels. This helped TO check the de-
cline, and when New York reported
sixty boatloads disposed of for export
the early short sellers covered in sutli
cient quantities to start the price up
ward. and ut the close May was bring
ing 73FsG73Rc buyers.
Corn showed independent strength.
which was attributed chiefly to n good
EXPORT demand and light acccptances on
bids sent out through the country last
night. The trade In the pit was fairly
large with commission houses doing
business on both sides. The old-time
bulls, however. increased their lines.
and The close was within fraction of
the top price Of the day. Receipts were
modcrate--610 cars. May opened n
shade higher at S75I3Sc. advanced TO
3S%sc, met some proht-taking and de-
clIned to 37&c. then rallied to SSAc, the
closing price.
Light receipts and IL good shipping
demand strengthened oats. offerings
were scarce. Receipts. 149 cars. May
began n shade higher ut 2Sh12Shc. rose
TO 2Shc and closed nj 2SHsWaSisc.
A smaller Increase In stocks than cX-
pcctcd together with higher prices for
hogs, strengthened provisions. The
pride advanced sharply during the fore
part OF the session on account OF extern
svc buying of ribs. Later, however.
Inc advance was lost In sympathy with
tho decline In wheat and scllinS Of pork
by Fuckers. Mny pork opened shade
higher ut $40 ia,aGpi0 As. rose to $40 55
md declined to $40 IS. then flrmcd up
TO $40 A2M. the closing figure. May lard
started 2kc up ut So 50, rose to 20 30, |