The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-24
Brcnds,uGs and ro.isions.

CH1CAGO-Whcat spectators az
fccted by the excitement in Wall street
to-day. ignored all bcaris!l news and
under the vigorous buying that pre-
vailed May wheat closed at an advance
OF 1hc. Corn was aided by the same
indefinite. but powerfully effective spec
ulat!ve sentiment and advanced ic.
Oats benefited to the extent OF &c and
provisions gained 12i4c In pork, TIC in
lard and &c In ribs.
Higher cables from Liverpool and
nervousness on the part OF the shorts
started wheat firm. May opened hG
Nc higher mt 7l@Tlsc. and made fur
thcr advance during the next few min
utcs. Wall street securities We're as
active as ever and showed the same re-
markablc tendency to advance that
has been the wonder of onlcokcrs for
three weeks back. The wheat spccula-
tors here could not help being influence
ed bullishly by such an exhibition OF
uncXplalnable strength and rs the scs-
sion advanced the market became very
strong. Worlds shipments Of wheat to
Europe last week amounted to G.iOG, 0Oe
bushels. and all but I,2OSOOO Of that was
from American ports. The visible sup
ply increased 33S,O0O bushels. compared
with $4,000 bushels decrease the cores
ponding wce!: last year. AS an Increase
Of 100000 bushels had been expected
the bulls became more active than ever,
and q little more was added TO the
price, May advancing to Tlfsc The sea-
board clearanCcS Of wheat and flour y .
the Atlantic scnbnard amounted to
I3S000 bushels. Chicago receipts were
1919 cars. OF which fourteen were graded
contract. Minneapolis and Duluth re-
ceircd SIS cars, compared with 7S6 4
week ago and 1926 for the same day last
year. Primary western receipts were
100000 bushels. whereas on the cores
pOldinE dny Il year ago but
$4,000 bushels was nj! that came to
hand. During the afternoon tho inli-
cations were very apparent that cast
crn operators with Stocl: market profits
were buyers Of wheat hero and local
shorts made their peace with the mar
ket and went long. on This renewed
demand. May advanced to 7lTsr. On tho
bulge there was heavy selling by COM
mission houses, but when tho offerings
were finally absorbed without any set
back 10 III" price. May took tumn TO
.2m72Mc. Tn" market wGa stronger In
the last half hour than ut any time
since month and May clo=cd nj .or
buyers. An increase IN speculation and
decidedly firm undcrtonc were dcvcj-
opmcnts In corn which were attributed
directly 10 the rapid pace OF the New
Yorl; stock market. The rally was
momcntarily checked by the large VS.
ible Increase. 2,GA0.O00 bushels and by
the increase in stocks here OF l,2SS. COO
for last week. The great strength OF
wheat near the close caused nm access
OF energy to be displayed In the buying
Of corn and the close was nj tho ton for
the day. Receipts were Ill cars. Nav
opened isdHc higher ut S7HG37Tc and
improved to 2Sc. the closing nGuro.
Oats shared In the general bulii9h
feeling that prevailed on the door.
Trade was Of Il fair volume and preity
well scattered. although buying b.
shippers WAS conspicuous enough 10 DO
feature.
Receipts were IL cars. May opened
iA@Hc higher ut 2TST27Tsc and adj
vanccd 10 @Sc. the cloaImg price.
The strength In grninS and influential
buying developed q strong undortnnc in
provisions There was little realizing
early. bat III" offcrlnEH were readily
absorbed and the session ended with nm
advance Nil around. Estimntcs OF
stocks FOR the month show mn ncrcngc
Of lj.000.O00 pounds IN ribs. Is. 900 t!crccs
IN lard and 1900 barrels OF pork. ,Iay
pork Opened unchanged nj $40 ggliEp
10 81 nGi advanced to $40 ~, the cI0s-
inE figure. May lard began unchanged
at s. I9ia: sold Mt 81 seas S2is: advnDc.
ed to 81 92ii and closed Mt So 90. May
ribs started unchanged at IS 1919, sold