The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-19
Brcadstufrs and Provisions.

CHICAGO-A transformation of sen !.
timent in the wheat pit to-day found
several traders oversold and In their
cagerness to get back previous holdings
the early loss was obliterated, May clos
Ing &c higher. Corn and oats advanced
B@Ac each. Pork rose nc; lard al:c
and ribs 2ia@5c. Several commission
people who had selling orders OF
pressing character executed them on
the curb before the opening and that,
together with lower cables from Liver
pool and the continent, gave wheat n
weak send off. May opened A@Sc low
er at T0GT0hc. but there was q great
deal of wheat wanted at the decline
ana the market became firm with n
slightly upward tendency during the
first hour. Receipts here and In the
northwest were sufficiently moderate 10
favor the bulls rather than the bears
and early indications were for Il heavy
total Of scaboard clearances Of wheat
and flour. Yesterdays revelation of
the increase In Russian shipments was
still In the minds of the traders, how
ever, which prevented any enthusiastic
buying and the market ruled rather
dull. with May hanging around 707sc.
Receipts here were 1S4 cars, OF which
fourteen graded contract. Minneapolis
and Duluth received as cars, compared
with 459 for the same day last week
and $40 for the corresponding day a
year ago Primary western market re-
ccipts amounted to $4,000 bushels,
against 100000 bushels last yearbUt this
was offset by the heavy Atlantic port
clearanccs OF wheat and flour which
were reported ut 100000 bushels.
New York claimed forty-cight boat
loads sold for export. but the general
report from the scaboard to the effect
that no reply from the other side could
be obtained to their offers. 4 dispa tch
from the northwest giving the opinion
OF we'll known authority oil wheat
situation had bulilsh Interpretation
mere. rs 1t reported the amount OF
wheat remaining In farmers hands In
Minnesota and the Dakotns at only %
per cent Of the crop. or about SC, 900, 900
bushels. Bradstrccts statement Of the
worlds visible made 1t l,392, 900 bushels
more than 1t was n week ago, compar-
cd with reduction OF ,93l, 900 bushels
the same week Of last year After n
temporary decline from around TOiGc, to
which May Ind slowly climbed, the
short lived weakness being induced by
BradstrcctS statement. the market be-
came comparatively strong, May reach
Ing 70Ac. about twenty minutes from
the close. At that price demand
sprang up from traders who had calls
sold. and May rose to 70S07lc, and
closed at I0%c.
Corn was easy and n shade lower to
start with. but the demand was good nt
the decline and the nrmncss that tlevcl-
oped In wheat helped corn to maintain
itself against absence Of shipping de-
mnnd. Receipts were comparntIvelv
small. S337 cars, hut the aggregate from
the western primary market receipts
was about double that of the cores.
ponding day q year ago. May opened n.
triflc lower at %G&@S6Rc. and sold
about the same time TO 2G1ic, then
sagged to 3Gisc. but very little could be
bought Mt that and 1t rose steadily 10
SIC and closed at 3GNc bid.
Heavy selling by prominent clcva-
tor concern weakened oata carly. After
this lot was disposed OF the offerings
became light and rs the other markets
became stronger the demand improved