The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-03-27

CHICAGO-Practical removal of
doubt to-day regarding serious Injury
to winter wheat forced shorts TO cover.
series of nervous bounds taking May
wheat up csc from 69S5c TO T2hc. Ow-
ing to proiit taking at the Improvement
the price slipped back to 70l.c. closing
with net gain Of Nose as compared
with yesterdays final figures. Corn
rose &c and oats left off unchanged.
Pork advanced nc; lard 2i345c and
ribs &C.
The favorite excitement which ruled
in wheat at the close yesterday was
again in evidence to-day but at the start
the bulls seemed to waver. Instead OF
n general demand for May ut 709sc such
as ut the close Friday. there were plen-
ty of sellers at from G93ac down to G9&c.
| Before the bulls could get word in
cdgewoys. the price slid off to 69;sc. The
bulls soon found their voices, however.
When the bulls got through with the
last bar OF their opening chorus May
wheat was up to 70Ssc. Much milder
weather and Il spread of wet SNOW for a
large section OF the winter wheat area
was the chief cause of the first decline.
Chicago received only % cars against
1876 4 year ago; Minneapolis and Duluth
got 454 car loads compared with 800 the
same day last year. Atlantic port
clearances for the day were equal In
wheat and flour to 5SS0G0 bushels. Re-
ports Of damage in the southwest re-
| ceived confirmation from numerous
sources and In many Instances the ex-
tent OF the injury reported was s2nsa-
tlonally heavy. A London cablegram
report this season in Indian wheat crop
Il. per cent smaller than that of last
hpntknr cold
nounced TO be elbowng its way down
from the northwest. AS soon as the
weather bureau notice was issued the
shouting for wheat became almost hys-
tcrlcal. The noise from the bulls soon
became drowned by the alarmed
screeches OF the bears who had been
| caught loaded up with short wheat.
The price of May rose irreEuarly to the
| accompaniment Of heavy trading until
72isc was reached. That was 1%ic over
yesterdays closing price and was so
tempting to longs that they FASTENED to
sell. May reacted TO TO,Ec and closed
at 70S01OSc.
Although influenced largely by wheat,
corn embraced good many indepen-
| dent features. Heavy buying by COM
mission houses together with forced
| coverings by shorts accelerated the adj
NiiilCts lkcCelptS were only llJ cars ana
the weather was against any increase
in farmers deliveries while the approach
! of another cold wave threw the time of
planting back indefinitely. May started
shade lower Mt 3J,! G355sc. sold SPAR
ingly at 35lac then rose to 2G936isc and
closed with sellers at 3j;sc.
The excitement In wheat had little
effect on oats, and liberal receipts to-
gcther with general profit taking caused
Il decline from top. May began n shade
down at 26is@2GSsc, sold Mt 26ikc, IN
proved to 26,sc and closed at 26Skc.
Provisions showed slight weakness Mt
the start but gradually iirlned up on
buying by commission houses for out
side account. A good cash demand also
had strengthening influence. Slip
mcnts of meats for the week were lib
| eral. May pork opened unchanged at
81 15h, declined to 50 10, advanced TO
50 % and closed with sellers at 50 22i..
The range In lard and ribs was small.
Estimated receipts for Monday:
Wheat IS cars; corn 1876 cars; oats 30
cars and hogs $4,000 head.
= The leading futures ranged rs follows: