The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-23

CH1CAGO-A sort of contention be-
tween bearish announcements and bull.
!sh sentiment prevented much move
ment in either direction In wheat to-
day. ard May closed nj ls6Mc advance.
Corn iett eff unchanged and oats Il shade
higher. Pork closed unchanged, lard
n trit'c higher and ribs at 2l!c ad-
vance.
Wheat started steady, but without
much rigor May opening &c higher At
IOss@109:c The improvement was only
temporary, however. as London adviccs
reported increased offerings Of ArEen-
tine wheat. which were becoming OPP
pTessiva. and cables also advised thai,
liberal charters for wheat were being
made at odessa, with the expectation
that the movement from the quarter
would increase rapidly. Tho Argentine
surplus was still L matter of some I'M
certainty, but the latest advices sug-
GesteG an eXp0rtable surplus of Between
100000 and 500O0,C0O bushels. or more
than double the exports from there last
year. That PUT camper on the spirits
of the bulls. and as there were u few
outside selling orders to be executed
May declined 10 7Gj:c. The worlds
shipments for the week were estimated
At 100000 bushels, OF which j,l99. 900
bushels came from this country. This
had n Strengthening effect, rs 1t led to
the belac that Europe has rot been
serslbly relieved from its dependence
uron this country for immediate sup
plies. The continued activity of the Sc
curity market had 4 SteadTing cffec; on
wheat, and the possibility that the
furore In stocks might extend TO grain
held the average shor: seller In check
The current belief that Wall street was
already interested or the long side and
might reasonably be expected to protect
that interest was strengthened by the
fact that whenever the market got down
to 7Gisc for May it received good sup
port Trade became active during the
last half hcdr. and as offerings were
scarce May advanced TO 7O&070;Sc and
closed at 7C2c.
Corn was quiet and incapable of being
moved more than &c away from SIC FOR
May. An attempt was made by several
of.the bull traders TO stir the pit into ac
ton and incidentally force prices up
early In the session. but THAR efforts
met with little response and the market
became very dull. Shipping demand
was poor with what bids that were re-
ccivcd &c ont OF linz. Receipts $40 cars
May opened Il shade lower at 36II3Ic.
touched 3TiAc. ana with manH changes
from that to $3.50, finally closed 1t SIC.
Oats possessed the same charactcris-
ties as the leading markets.. There was
no inquiry for cash ard less business
was transacted IN futures than on any
day during the last TWO months. Re
cclpts were 81 cars. Mayi opened i
shade higher at 2T9sc. sold at 27Em2i3Sc.
rose to 27MQ27H. and closed At 273S.
\ decided Improvement in the ship
ping demand and higher prices FOR hogs
helped provisions. Buying by C0mmis-
SION houses with foreign connections re-
suited In 4 slight advance all around.
The shipments for the week amounted
TO 12,SOl goo pounds OF meats and 7,096.00O
pounds OF lard. The range In pork. lard
and ribs was Of the smallest possible
kind.
Estimated receipts for Monday:
Wheat. 100 cars: corn, 800 cars; oats.
200 cars: hogs. 10000 head.
The leading futures ranged rs follows: