The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-30


CHICAGO-Eeavy realizing sales to-
day caused a setback in the price If
wheat. After an advance of &c early
in the session. May left off at decline
OF &c. Compared with last Saturdays
closing figures. final figures to-day
showed 6ssc advance. Corn dropped
S0&c, but was still SGlsc higher than
n week ago. Oats declined bGhc. Pro-
visions iookd strong at one time, but
closed without notable change
Wheat opened without excitement,
&c to &c higher at 7Sis@7S7sc, but at
ter little backing and filling at start
ing figures, 1t began TO yield a little
TO selling by local spectators. The
latter were induced to take the course
they did, owing to the absence of any
heavy buying orders from outside and
the indifference that Liverpool traders
appeared to have for the strength pre-
vailinS on this side. quotations from
there showing decline Of sd to I'd.
About this time corn began TO show
such decided strength that the buying
spirit of wheat traders was revived,
and the May option, which had sagSed
TO U%lc, recovered to 7SIsc. Worlds
shipments for the week were estinfat ted
ut 100000 bushels, of which 4,99S, 900
bushels came from United States ports.
The bulls derived SOME comfort for
time from London cableGram, which
told Of severe frost prevailing through
out Southern Russia. without any show
TO protec; the fall wheat Receipts
were .. ears, of which II were graded
contract. minneapolis and Duluth
got 4S2 car loads, US compared with
$50 car loads for the corresponding day
Z year ago. The primary western mar
ket receipts were double that OF last
year. amounting to G73.G0O bushels. The
seaboard clearances of wheat and -four
for the day amounted to $4,000 bushels.
Continental markets were weak Paris
reported heavy break In flour. and
from 10 to II centimes decline In wheat,
and Antwerp cables were l2I. confines
lower. During the latter part OF the
session longs liQuidatcd freely. and rs
the demand dropped off the selling in
creased IN volume, becoming very large
near the close. May had been grad
ually declining but when 1t got down
to IKE, 4 lot of stop-loss orders were
encountered, which caused n good deal
of enforced realizing; for few min
utes It looked as Ii the bottom had
dropped out of the market, May Slip
ping Off TO I6Ac, That was n break
OF nc from the top price of the day,
and the bears. apparently satisfied with
what had already been accomplished,
did not dispute the rally that set in on
buying TO even up over Sunday. In the
last five minucs May rose to 773sc buy
ers. where it closed.
Corn was active. and very nervous,
with price fluctuations quick and sharp.
The market opened firm, but yielded
quickly on account of local selling.
Wall street was buying heavily. and
the price recovered In lively fashion
to n point within small fraction OF
the highest figure 1t had previously
sold ut this season. but was once more
trampled down by local selling. May
started &c higher at 39B@39Hc touched
3S7sc. and from that rose to S9i.c.
There was where the local talent COM
meRced feeding long corn to buyers
from tho outside, and sooa had them
filed UP with still more long corn to
dispose of. May dropped gradually to
38SA03Siac, and closed there.
Oats were treated to heavy selling
while the market shared In the general
nervousness which attended trade In
the other grains, and nrices eventually
settled upon downward course. Re-
ccfpts were go cars. May began TIC
higher at 2Sfsc. declined to 2Sisc, aud
closed Mt 2SkU2SSc.
Ir0EiSlOrS were irln, with the vol
ume OF speculation large. Packers did
considerable selling Mt the start, but
the offerings were soon put ont OF the
way by commission house buying. and
IN advance set In all around. Toward
the end. when the grain markets dcvcl-
oped decided weakness. the improve
mcnt was all lost. May pork opened
to re higher ut $40 70fll0 72js. rose
to SO 20, then declined to $40 60, the
closing price The range In lard and
ribs was small.
Estimated receipts for Monday:
Wheat. l2o cars; corn, 100 cars; oats,
oiO cars: hogs, 10000 head.
Cash quotations were rs follows:
Flour--Stcady: winter straIghts, 81 so
az 20: patents. 81 90Gi 90; spring apc-
cIals. "a 25dli 30; hard. 50 1908 30; soft
patents, So 40G3 60: straights, 50 10
az 20.
Whcnt-No. .. 7:G75c: No. spring,
GSm73hc: No. red, 7Gl177c.
Corn-No. .. 31isc: No. yellow. size.
oats-No. 2. Csc: No. . white, SO,s0
sic; No, white, Sa8Saac.